THE WORLD OF COMMERCE

New Zealand Times, Volume LIII, Issue 12617, 30 November 1926, Page 8

THE WORLD OF COMMERCE

WELLINGTON STOCK EXCHANGE YESTERDAY'S QUOTATIONS. (3.15 p.m. Call.) Yesterday's closing quotations for premiums of investment and mining stocks, os advised by the Wellington Stook Exchange, are as under:— Buyers. Sellers. £ s. d. £ s. d.

Sales reported: N.Z. Govt. Loans, p.c. Inscribed Stock (1938), .£96 17s 6d. Sales on 'Change: N.Z. Breweries (bonds), £1 ss; Bank of New Zealand, £3 Oa 3d. The British Standard Portland Cement Ltd. went to allotment on Saturday last, when practically half of its required capital was allotted. The balance of its shares, bearing interest at 4 per cent., can now be applied for through any member of the New Zealand Stock Exchange.—Advt. SALES IN OTHER CENTRES Per Press Association. DUNEDIN. November 29. Sales.—Dominion Rubber, 495; Kawarau, 3s 4d (three parcels); per cent. Bonds (1936), £96 17s 6d. Sales.-—Kawarau. 3s 3s 2d (three parcels); New Zealand Government 44 percent. Bonds (1938), £96 7s Bd. Sales reported.—Staples Brewery, 37s 7d; Mount Lyeli, 295; Whitcombe and. Tombs, 70s. AUCKLAND, November 29. Sales on 'Change.—National Bank of New Zealand, £7 Is; War Loan, 44 per cent. (1936), £97; Kawarau, 3s scl, 3s 4d; Moanataiari, 6s 2d, 6s. Sales reported. Auckland Harbour Board Debentures. ,H per cent., £lOl. Sales.—Auckland Harbour Board Debentures (1945), 5i per cent., £101; New Zealand Breweries Debentures, 255; Auckland Gas, 23s 8d; Staples Brewery, 37s fid; Ballarat (cont.), 7d; Moanataiari (cont.). 6s; Lucky Shot (cont.), Is 4d; Mount Lyeli, 295. CHRISTCHURCH, November 29. Sales.—New Zealand Breweries. 535; Now Zealand Guarantee Corporation,, 10s Sale* reported.—Kawarau. 3s 6d. Sales Reported.—National Bank of New Zealand, £7 Is 6d; New Zealand Breweries, 53s 3d, 53s (two parcels); Mt Lyeli (cum. div.), 295; Whitcombe and Tombs, 70s. Sales on 'Change.—Mt. Lvell (cum. div.), 29s Id. WELLINGTON STOCK EXCHANGE ANNUAL MEETING The annual meeting of the Wellington Stock Exchange was held' on Friday. .November 26th. Tho following officebearers were electedMr E. Wynn kirkby, chairman; and Mr W. F. Slomnn, vice-chairman, were both re-elect-ed. and for the committee, Messrs G Thorne George and W. G. Morpeth, retiring members, were also re-elected Mr A. S. Mac Shane was elected to fill Hio vacancy created by tho death of Mr C. E. Finch. Tho number of city members on the roll of tho exchange is now 27, and there are also 39 country members, makintr a total of 66. sydneFwooTsales no CHANTGEiTn MARKET. Br Telegraph.—l-rc-s Af»n Convright. (Received November 29, 10.45 n.m ) , , SYDNEY, November 29. At tlie wool sales the market was fully equal to the closing rates of last week for all descriptions, which met a good general demand. All wools possessing fineness were in special request, but prices for wools lacking quality, showing dust or burr, were verv irregular. Comebacks and crossbreds realised late rates. Greasy merino sold to 25Jd. LONDON PRODUCE MARKETS j The Bank of Now Zealand, produce de- I pnvtment, has received the following ad- ! vice from its London office’, under date 1 26th inst.: — | Butter—Owin-j to better demand new season’s arrivals practically all cleared.

Controlled minimum prices. Finest, 158 s per cwt; first grade, 156 s per cwt; stored butter, 146 s to 148 s per cwt. Cheese—Controlled minimum prices, finest, 87s per cwt; first grade, 96s pef cwt. Frozen meat—There i 6 only a poor demand for wethers. There is a little betk ter demand for ewes.. The market is weaker for heavy weight lambs, light remain steady. Beef is in short supplv. and prices are nominal. Wethers, light old to CJd per lb, heavy 5d to ssd; ewes, 3£d to 4Jd; lambs, 2’s. 9Jd to 9-Jcl; B’s, B£d to BJd; 4's, 7d fo 71d; seconds, 64d to Bsd. WEDDEL AND CO/S CABLE A. H. Turnbull and Co. report.—We are in receipt of a cable from our principals, Messrs W. Weddel *and Co.. Ltd., • dated London, 26th instant, reading:— j “Danish, 170 sto 172 s (last week 170 sto ! : “New Zealand stored butter, first grade salted, 146 s to 154 s (138 sto 14*0; I New Zealand new season's first grade j salted, 156 s to 158 s (148 s to 150 s). Mar- < ket firm. | “New Zealand cheese, white and col--1 oured, 84s to 856 (84s to 85 s \ Market quiet. “Canadian cheese, white and coloured, 86s to 88s (85s to 88s)." CHICAGO WHEAT' MARKET SHRINKAGE IN ORDURS FELT. i A; ■ ' fdian and NZ Obi*' .V-styvation. (Received November '29, 7.45 p.m.) CHICAGO, November 29. i The wheat commission houses are be- [ ginning to feel the effects of shrinkage I in orders from the general public and professional operators, duo to the continued “bcnr ,J market. Chicago i« unlikely to increase stock unless prices advance to a level where it is profitable to move wheat from the Missouri river markets. Rains in Argentina have interfered J with the harvest and also, possibly, I have damaged tho crop in the north;cm section, | The Canadian situation is regarded as : most “bearish." With 27 million bushels of grain, which is largely wheat, loaded, the railways are seeking storage facilities. The Canadian farmers are selling freely. Interior deliveries arc a million bushels daily behind last year. CUSTOME REVENUE The Customs revenue received at the port of Wellington yesterday aggregated £7478.

Government Loans — Inscribed Stock (1939) 97 2 6 Inscribed Stock (1938) 96 15 0 97 0 0 Inscribed Stock (1933) 100 15 0 Inscribed Stock (1936) 00 10 0 — War Bonds (1939) 96 12 0 — War Bonds (1938) 96 12 6 War Bonds (1930) 97 TO 0 War Bonds (i933) 00 12 6 — War Bonds (1940) — 97 0 0 Debentures— N.Z. Breweries (stock) _ 1 5 3 N.Z. Breweries (bonds) 1 4 10 1 5 3 Banks— Commercial of AustraI 12 9 National of N.Z 7 0 9 New South. Wales 45 0 0 •45 10 0 New Zealand 3 0 0 3 0 4 New Zealand (rights) 0 6 6 0 6 8 Union of Australia ... 15 4 0 13 6 0 Financial— Abraham & Williams 4 4 0 N.Z. Guarantee Corp. (ord., 8s) N.Z. Guarantee Corn. 0 10 5 1 1 0 N.Z. Loan and Mercantile Agency (ord.) 96 0 0 *97 0 0 Wn. Invest., T. A A. 0 10 7 0 11 0 Wn. Tru6t Loan Wn. Deposit A Mort6 10 0 6 15 0 0 10 W r i g ht, Stephenson W r i e ht, Stephenson (pref.) Gas— “■* 0 w 6 Christchurch ... ..... 1 4 0 1 4 9 0 10 Wellington (ord.) 1 6 0 1 7 0 Wellington, (pref.) ... 0 16 4 0 17 6 Ashburton — 5 0 0 InsuranceNational 3 17 0 1 19 Meat Preserving— Gear N.Z. R e f r i g erating 1 17 6 (£1) N.Z. Refrigerating “ 0 13 3 (19s) 0 7 Transport— N.Z. Shipping (pref.) 9 0 0 — Union Steam (pref.)... P. and 0. Deferred 1 0 4 1 1 0 Stock 240 0 0 *280 e 0 Kelb. & Karori Tram (ord. ) 1 7 6 Woollen— Wellington (ord.) ...... 6 TO 0 Wellington (&6w issue) — J6 M 0 Coal— Westport 1 14 9 Waipa o re 6 Timber— Leyland, O'Brien 1 TO 0 f2 2 0 Taringamutu __ 1 6 0 0 15 Breweries— Crown 1 0 0 Manning and Or>. .. 1 1 0 New Zealand .......... 2 11 10 2 IS 6 Staples and Co. 1 16 10 1 18 0 Ward and Co 2 2 6 2 5 0 Miscellaneous— Burns, Philp and Co. 1 18 9 Colonial Sugar Electrolytic Zinc 54 0 0 (pref.) Farmers’ Co-op. Auct. *— 1 17 6 (ord.) 3 10 0 Howard, Smith 1 12 0 1 12 6 Scoullar and Co Shetland and Co. (ord. 1 2 9 1 2 6 Taranahi Oil Fields ... Wairarapa Farmers' 0 9 6 (pref.) 0 15 3 0 16 3 Wellington Cordage... — 0 17 6 j Wn. Queen's Theatre 0 19 6 — Mining— Blackwater Mines 0 5 8 Mount Lyell *1 9 0 •Cum. dir. JCalLs paid in advance.