THE WORLD OF COMMERCE

New Zealand Times, Volume LIII, Issue 12616, 29 November 1926, Page 8

THE WORLD OF COMMERCE

WELLINGTON STOCK EXCHANGE SATURDAY’S QUOTATIONS. (10 a.m. Call.) Saturday’s closing quotations for premiums of investment and mining atocks, as advised by the Wellington Stock Ex* change, are as under Buyers. Sellers. £ s. d. JBs. d.

*Cun\ div. JCalls paid in advance. |Kx. div. SALES IN OTHER CENTRES Per Press Association. AUCKLAND, November 27. Sales on ■'Change: Moanataiari (paid), 6s 3d, (contrib.), 5s 9d to 6sj Kawarau, 3s sd. DUNEDIN, November 2 J. Sale: Kawarau, 3s sd. CHRISTCHURCH, November 28. Sale reported: Electrolytic Zinc . (ord.), 36s 3d. NEW SHARE ISSUE PROPOSED N.Z. LOAN AND MERCANTILE CO. EXPANDING. Australian and N.Z. Cable Association (Received November 27, 5.5 p.m.) LONDON, November 26. After writing .£IO,OOO off the premise? account, the New Zealand Loan and Mercantile Agency Co.’s divisible surplus is ,£135,640. The staff benevolent fund receive® <£lo,ooo, and <£45,286 is carried forward. The report says that the extension of business, especially Australian, demands additional capital. The directors propose to issue 500,000 per cent, cumulative second preference £1 shaves at par. The New Zealand Loan and Mercantile Agency Co., Ltd., has received a cablegram from its London office intimating that the company will hold its annual meeting in London on December Oth. Tbe revenue account shows, after paying taxes <£'51,492 3s l(kl. writing off premises .£IO,OOO, making provision for had and doubtful debts, and charging debenture stock interest, a balance of .£135,640 13s sd. The sum of .£IO,OOO has been appropriated to the staff benevolent fund, and the interim dividends paid on preference and ordinary stock, and the dividends now proposed to be paid will absorb After including the amount brougit forward from last venr. .£39,645 12s lOd, there will be ,£45,286 6s 3d to be carried forward. The dividends proposed are: —Final dividend on preference stock of 2\ per cent., and on ordinary stock a final dividen of 4 per cent., both less 2s in the £ in respect of English income tax. tropicalTproducts Gbit ton, Deccmbcir delivery, 6.72 d a pound. Rubber —Para. lSlcl a pound; plantation and smoked, 19£d. .Tute Nnvembor-December shipment. «£29 10s a ton. Hemp October-Deccmher shipment, <£3B 15s a ton. Copra Dccember-.Tnnuary shipment, j£2s a ton. Linseed oil, £32 5s a ton. Turpentine. 62s per cwt. LONDON WOOL SALES Wright, Stephenson and Co.. Lid., and Abraham and Williams. Ltd., report having received a cable from their London house reading as follows: Wool sales opened, average attendance of buyers. competition animated. Average selection. Greasy fine halfbred, 56 to 58V. clean scoured basis greasy, auction price 22t1; greasy halfbred, 50 to SGV, 18d; threequarterbred, 43 to 50V, IGd; fine crossbred, 46 to 48V. 15d: medium crossbred. 44 to 46*s, lid; crossbred, 40 to 44V, 13jd: scoured and siipod, par to 5 per cent lower Australian merino, prices 5 per cent, lower to per cent. Messrs Levin and Co.. Ltd., have received tlie following cable from their Longon agents, dated November 26th. 1926: —Tlio spot market for mutton and

larab is unchanged. The market is? quiet. TALLOW SALES Messrs Dalgety ami Co.. Ltd., report bavin* received the following cablegram from their London house, under date of the 26th instantTallow—Owing to absence of demand there will be no public sales next week. ENGUSHMARKETS FROZEN AND CHILLED MEATS LATEST PRICE* QUOTATIONS. ,\vr-:i 1 i;»ii rii'l N.Z ('able Association. (Received November 28* 5.5 p.m.) LONDON, November 27. Lambs.—Canterbury, seconds B|d; Australian firsts: VictorThn Si d, other States 8ld; seconds: Victorian Sid, other Stales thirds BJd. Frozen beef.—New Zealand, fores _3Jd» hinds -id; Australian, crops hinds id. Chilled beef.—Argentine, fores 3id, hinds sjd. Others unchanged. PRICES AT SMITHFIELD The New Zealand Meat, Producers’ Board h;us received the following cablegram from its London office, dated - November 26th, 1926. advising Smithfield delivered prices at that date as follows (prices per lb for the two previous weeks are also shown in parentheses) : New’ Zealand wethers and maidens— Canterbury quality, selected brands, 561 b and under, November 26th, G*d (6id, 6Jd); 57 to 611 b, s ld (s;d, s£d); 65 to 721 b, sfd (55d: s§d>. Other brands, sClb and under, si,’d s*d>; 67 to 721 b. sjd (sld; o.fd). New Zealand owes: Glib and under, 3id (3;d, •l’d>. New Zealand lambs.—Canterbury quality, 361 b and under. 10-Jd (lOjd, lO£d); 37 to* 421 b, Old (9’d, 8*d); 43 tosolb, 7Ad (?id, 7Id); -seconds, Sid (9d, 9d). Selected brands, 361 b and under, 9:]d (9£d* Sjd’l; 37 to 421 b, S'jd (Bjjd, BJd\ Other brands, first quality. 421 b and under, not quoted; seconds not quoted. New Zealand beef.—Ox fores 3*d (3Jd, 3LI); ox hinds -id (4id, 4jd); cow fores and hinds, not. quoted. Argentine chilled beef.—Ox fores 3sd

3id); ox hinde, s}d (sd, sidb Argentine frozen beef: Ox fores and hinds, nut quoted. Frozen pork.—SO to 1201 b, lOd (IOJd, Add); 120 to 1801 b, 8d (9d, 9d). Frozen real not quoted. Lamb and mutton market continues dull. shouuTexport pork ADVICE TO NEW ZEALAND FAHMEKS. LONDON, November 26. Speaking at tSe Imperial Industries Association’s luncheon. Sir James Parr, High Commissioner for New Zealand, urged New Zealand farmers to give attention to the export of pork to Great Britain. Denmark, where there were similar conditions to New Zealand, profitably exported more pork than dairy produce. WHITE STAR SHARES BOVGHT BY ROYAL MAIL CO. (Received November 28, 5.5 p.m.) LONDON, November 28. The Royal Mail Company and International Marino Company confirm the news of the former’s purchase of the White Star shares. The latter adds that the White Star organisation is in no way affected. FEILDING SALE Dalgety and Co., Palmerston NortH, report having a small entry of 6heep and entile at their FeUding sale on Friday, 26th instant. Quotations arc as follow:—Two-toothed ewe 6 21s; light fat and forward two-toothed wethers 19s 3d; fat Iwo-toothed wethers, 23s 2d; springing heifers £3 13s, spring cows ,£s* forward cows £2 7s 6d, .£2 17s 6<l; Jersey cross weaner heifers .£1 ss; Jersey crcwvs yearling heifers 32s 6d, 365; Shorthorn cows and calves, £5 10s; fat cows. £9 I.V; fat heifers, £9 *2s 6d; yearling Jersey bull, £4 2s 6d. CUSTOMS REVENUE The Customs revenue received at fTl# port of Wellington on Saturday aggregated £3005.

Government Loans — Inscribed Stock (1988) 96 12 6 97 0 0 Inscribed Stock (1933) 100 12 6 — Inscribed Stock (1936) 100 12 6 — C War Bonds (1938) 96 12 6 97 0 War Bonds (1933) 100 12 6 — War Bonds (1936) 100 10 0 — Debentures— Wn. Racine Club ... 106 0 0 — N.Z. Breweries (bonds) — 1 5 3 New South Wales — *45 10 0 New Zealand — 3 0 6 New Zealand (rights) 0 6 6 — P. and O. Banking Corporation 9 15 0 — Union of Australia ... 15 4 0 15 6 0 Financial— N.Z. Guarantee Corn. (ord., 8s) 0 10 5 — Wn. Deposit & Mortgage — 0 10 4 Gas— Christchurch 1 4 0 — Ashburton — 5 0 0 Insurance— National — ■3 18 0 New Zealand —* 1 19 6 Meat Preserving— N.Z. Refrigerating (10s) — 0 7 3 Gear — 1 17 6 Transport— Huddart, Parker (ord.) 2 6 6 2 7 6 Kelb. & Karori Tram (ord.) 1 6 0 Woollen— Wellington (ord. and pref.) 6 11 0 — 0 Wellington (new issue) — £6 10 Coal— Westport — 1 15 9 Timber— Beyl and, O’Brien 1 19 0 t2 2 0 Taringamutu — 1 6 National 0 16 0 Breweries — Manning and Co — 1 1 Ward and Co 2 2 6 — Miscellaneous— Burns, Philp and Co. 1 18 9 — Electrolytic Zinc . „ . (ord.) — Electrolytic Zinc (pref.) ~ Howard, Smith — 1 12 6 Scoullar and Co — 1 2 9 Sharland and Co. (ord. and pref.) — 1 2 6 Taranaki Oil Fields ... 0 10 1 — Wairarapa Farmers' (pref.) — 0 16 6 Wellington Cordage... — 0 18 0 Mining— Blackwater Mines 0 5 6 — Kawarau 3 6 0 3 8