THE WORLD OF COMMERCE

New Zealand Times, Volume LIII, Issue 12621, 4 December 1926, Page 6

THE WORLD OF COMMERCE

WELLINGTON STOCK EXCHANGE YESTERDAY'S QUOTATIONS. (3.15 p.m. Call.) Yesterday's closing quotations for preTniums of investment and mining utocks, as advised by the Wellington Stock Ex* change, are as under:— Buyew. Sailers. X a. d. M s. d.

SALES IN OTHER CENTRES Per Press Association. CHRISTCHURCH, December 3. Sales. —National Bank of New Zea- ] a Ji7 Is 6d; Mason and Strothers (ritl), 22s 3d. • * AUCKLAND, December 3. Sales on 'Change.—Moanataiari (cont.), os 7d to 5s Bd, 5s 3d to 5s Id, 5s 2d to 5s 3d, 5« Id to ss; Kawarau, 3s 4d; Ohmemuri Mines, 5s 6d; Auckland Gas, 23s 9d; New Zealand Insurance, 335; National Bank of Australia, <£lß Is 6d; Moanataiari (cont.), 5s 4d. Sales: Notional Bank of Australasia, *£lß Is Cd; Bank of New South Wales, .£44 8s 6d; New Zealand Insurance, 38s; Auckland Gas, 23s 9d; ditto (contrib.), 13s 3d; Sanford, Ltd., 23s Del; Taranaki Oil, 10s Id; Moanataiari, 5s 4d; ditto (contrib.), 5s 7d, 5s 3d, 5e 2d, 5s Id, 5s 2d, 5s 3d, 5s Id, se, 5s Id, 5s 3d; Kawarau, 3-s 4d; Lucky Shot (contrib.), Is 6d; New Zeehan Consolidated, Is Id; New Waiotahi, 2s 6d: Ohinemuri. 5s 6d, 5s 7d CHRISTCHURCH, December 3. Sales reported: Commercial Bank of Australia, 32s (two parcels); Western Australia Bank, 54s 6d, 55e, 54s 6d; Electrolytic Zinc (ord.), 36s sd ; Kawarau, 3s _ . DUNEDIN, December 3. bales reported: New Zealand GovernPCr Cen *~ Ascribed stock (1338), INVERCARGILL, December 3. Sales reported: Invercargill Borough Council 6 per cent. Bonds (1931), «£ICO 10s; New Zealand Guarantee Corporation. 10s fd. LONDON STOCKEXCHANGE COLONIAL GOVERNMENT STOCKS Australian and N.Z. Cable Association (Received December 3, 10.10 p.m.) _ . LONDON, December 8. r oil owing are tho current quotations for Consols and for British and Dominion Government stocks, compared with lor quotations on November 2Ml> : Dec. Nov. 3rd 25th.

FROZEN MEAT Messrs Dalgety and Coinpanv, Ltd , report having received the 'following cablegram from their London house, under date of the 2nd instant.— “Neu Zealand lamb: Market dull; demnnrl less. "New Zealand mutton: Market weak; demand running i>rincipal)v on lightweights. "New Zealand beef: Market, firm; demand moderate. "Australian lamb: Market tending downwards; demaiffl fan*. "Australian mutton: Market weak: demand limited; quotations unchanged. "New Zealand pork; Poor demand on spot. Porkers lsld to Hid; baconers 71d to Sd." DAIRY PRODUCE Messrs Dalgety and Company, Ltd., report having received the following cablegram from their London house, under date of the 2nd instant:— “Butter market firm. New Zealand control prices fpr now season’s finest 1665. first grade Ififs. \ “Last «*©ason* sty red 156 s to 160 s; Dan-

ish, ls2s; Australian finest unsalted loSs, salted 160 s to 1625. “Cheese market firm. New season's New Zealand, finest 945; first giade 935; Canadian, 90s to 965; New Zealand, last season’s, 90s to 945.” MEAT TRUSTS' STRUGGLE settlementljepoeted. (Sydney Sun Cable.) LONDON, December 1. The "Daily says that Armours, Swifts, and Vestcys have concluded a tentative agreement, under which they will lake 70 per cent. *of the British (•hilled beef trade, leaving the remaining 30 per cent, for the five smaller companies The latter will consider the offer to-morrow. LONDON, December 2. Sir Philip Proctor says that a Chicago report that under the terms of the meat war settlement, Wsteys are going out of the packing bu<s7nes<s is a ridiculous falsehood. Vesteys* position in Australia goes on as usual. ENGLISH MARKETS FOREIGN AND DOMINION PRODUCE LATEST PRICE QUOTATIONS Australian and N.Z. Cable Association. (Received December 3. 3.5 p.m.) LONDON, December 2. At the London wool sales an average selection was submitted, and met good and general competition. Prices were unchanged. New Zealand clip*; Surrey Hilly, 23d; Tolmore. 19Jd to 17d. The Bradford market is dull, but some spinners aro covering their current requirements. Sixtv-fonj-s. 45d ; sixties, 42d; fifty-sixes. 31d; fifties, 23d; fortysixes, 20Jd; forties, lO^d. Wheat—The cargo market, is steadily quiet, owing to further weakness of next year’s tonnage. Parcels arc unchanged. Liverpool futures: December, 11s 33d: March, 10s TUI; Slav. 10s 4’d. r J'he spot trade is quiet. Prices are Flour is dull. Prices me unchanged. Oats are easier. Peas are steady Beany are quiet. Sugar, granulated. 3Ks HUd. Metals—Copper, standard spot «£sfi 13s 9d per ton, forward 4257 Ss 9d : lead, A22K Vis fid and .£29: spelter, 4233 2s 6*l and 4233 Is 3d : tin. >2313 Vis fid and 4229 S 77s fid; silver, standard 24 9-16 dan ounce, fine 261 d. FESLDING STOCK SALE GOOD GOM PETITION FOR SHEEP. Per Pr°=« Association. FBILDIXG, December 3. At the Foi!ding stock sale a fair entry of sheep sold well at up to late rates after good competition. Fat sheep sold on a lower basis than last week, and two-tooth weihers sold freely at higher prices. Fat shorn wether© realised 17s, 18-, 26s Hd. and 21s fid: fat ewes. 13s. 1-U. IGs fid to 2tv-: fat wnnllv hoggets. 2fis ,3d; ewes and larnhs. 26s hi and 32.-: •dmrn twotooth wethers, 12« 3d. 15- 7d, 1?s. and 19? 10d: shorn fair ditto, 15s 3d. 15s 6d to 19s. 19s 6d. A small yarding of cattle consisted mnirrly of fat. p.nd store cattle. Fat ratfle showed a drop in prices on last sale, and store cattle were in poor demand. nearly the whole of the yarding being passed. The prices realised for fat rattle were—Hereford bullocks. .£l2; fat Hereford cows. 427 19s fid; fat heifers. £3 7s fid: fat cows. 426 15s and £7 15s; light bollocks. £9 10s: forward emptv cowy, £3 12s and .£3 17s. The f>st,mis revenue received at the port of Wellington yesterday aggregated 426313.

Government Loans— Inscribed Stock (1938) — 97 0 0 War Bonds (1938) 96 15 0 P.O. Bonds (1927) 99 0 0 — Debentures— Glaxo 86 0 0 N.Z. Breweries (bond*) — 1 5 3 ft? tone-Lower Hutt Mr p.c. (1927-1952) ... — 96 0 0 Alakerua Drainage ... 99 15 0 iei o 0 Banks— Commercial of Au£tr&lia (ord.) 1 12 3 National of N.Z 7 1 0 New Zealand — *3 0 9 New Zealand (rights) 0 6 6 — Union of Australia... 15 4 9 — . Financial— N.Z. Guarantee Corp. (ord., 8s) — (0 10 5 Wn. Invest. T. and A. — ,6 15 0 Wn. Trust Loan — v 0 10 4 Wn. Deposit & Morigage — 1 4 G W right, Stephenson (ord.) — P 17 6 Wright, Stephenson (pref.) — (ft 17 6 GasAuckland (paid) 1 4 0 Wellington (ord.) as1 7 0 Insurance— National 3 15 0. New Zealand 1 18 9. South British — 2 17 0 Meat Preserving— N.Z. Sof rig erating (10s) 0 7 0 Goar 1 16 9 — Transport— N.Z. Shipping (pref.)... 9 0 0 — Woollen— Wellington (ord.) _ 6 12 6 Wellington (new issue) — *6 10 0 Waipa 0 15 6 Timber— Kauri *1 10 J-eyland O’Brien 2 2 Taringamutu National 0 u 0 0 16 0 Breweries — Manning and Co 1 1 New Zealand 3 12 0 Staples and Co 1 17 ’0 I 18 Tui 1 12 0 Waul and Co 2 2 6 Burns, PEilp and Co. 1 19 0 Electrolytic Zinc lord.) 1 16 9 Electrolytic Zinc (pref.) Howard, Smith “ 1 17 9 Wn. Queen's Theatre 1 0 0 Mining— Blackwater 0 5 6 , Mount Lyell *1 9 4 *Guzr. dir. jcalla paid in advance. Sales reported.—Wellington In T. and A., 10s 9d; LQectroJy (ord.), .£1 16s 3d. Sale on 'Change.—Gear Meat, .431 17s.

Consols .British. War Loans, 31 p.e. British War Loan, 5 pc. Conversion Loan, 31 p.c. Commonwealth, 5J p.c., 192347 J> H 99 100 7-1 1 4; 544 9S| 10ft 744 Commonwealth, 6 p.c., 1931Victoria, 3 p.c., 1929-4-9 . .. Victoria 31 p.c.. 1929-19 . Victoria, 51 p.c., 1930-40 Victoria, 5 p.c., 1932-42 . ... 1021 ionVictoria, 4} p.c., 1940-00 07“ N.S.AV., 4 p.c., 1933 92 oil SI N.S.W., 3 p.c.. 19.'M . N.S.W., 31 p.c., 1930-4,-1 P1J 70 Hk> N.S.W . ,V> p.c . 19:>0.o 0 N.S.M., 61 .c., 1930-40 m[ 303i N.S.1V., 6 p.c., 1930-40 Xew Zealand. 4 n.c.. 1.929 100* 100i osi 96 jj JNew Zealand. 3 n.c.. 1915 New Zealand, 3 l n.c.. 1940 .. so 86 New Zealand, 6 p.c., 1936-51 108 30S South Aust., 3\ n.c mn r ) South Aust., 3 p.c., 19jC or after South A.ust.. 61 p.c., 1939-40 io3-;-Tasmania, 3> p.c., 1920-M ... 814 83* 1 asmania, 3 p.c., 1920-40 .. 78 Tasmania, 6J p.c., 1930-40 ... 104 3 104* Queensland, 3J p.c., 1930 mi ' 92 { Queensland, 3 n.c., 1922-47.. fiei 68 Queensland, 6 p.c., 3930-40 302’ 302 851 Vest., Aust.. 31 p.c.. 1931-32 851 Vest. Aust., 3 p.c., 19154)5 ... S3 82] V est Aust., 6 p.c., 1930-10 ... 300 302* P. and O, Shares 252 265