THE WORLD OF COMMERCE

New Zealand Times, Volume LIII, Issue 12622, 6 December 1926, Page 8

THE WORLD OF COMMERCE

WELLINGTON STOCK EXCHANGE SATURDAY’S QUOTATIONS. (10 a.m. Call.) Saturdays closing quotations for premiums of investment and mining stocks, ns advised by tho Wellington Stock Exchange, are as under:— Buyers. Sellers. J2 s. d. JS 3. d.

SALES IN OTHER CENTRES Per Press Association. AUCKLAND, December 4. Sales on ’Change. —Western Australian Bank, 54s 9d; New Zealand Inscribe ! Stock (1936), dClOl; Moanatairi (cont. , 5s 3d; St. Alburnia, 3s 9d. Sales.—lnscribed Stock (1936) 51 per cent., <£101; Western Australian Bank, 54 9s; Auckland Gas, 23s 9d; Wilson’s Cement, 33s 6d; Alburnia, 3? 9d: Moanatniari (cont. issue), 5s 3d; Lucky Shot, Is 7d. CHRISTCHURCH, December 4. Sales.—Christchurch Gas, 24 7d; National Insurance, 73s 6d. Sales reported.—Western Australian Bank, 54s 6d; Bank of New Zealand (rights), 6s Bd. Sales reported.—Western Australian Bank, 54s 6d; Bank of New Zealand (rights), 6s Bd. Sales on 'Change.—Christchurch Gas, 24s 7d; National Insurance, 73s 6d. (/ DUNEDIN, December 4. Sale reported.—D.l.C. (ord.), 10s 6d ; (prem.). FOREIGN EXCHANGE RATES Australian and N.Z. Cable Association. LONDON, November 2 Foreign rates of exchange, compared with par rates, or as averaged first halt of 1914, are Dec. 2 Nov. 25 Par Brussels, belgas to £ 34.87 34.86 25.22* Paris, francs to £ 126.87 133.00 25.22* Stockholm, knr. to £ 18.18 18.18 18.12 Oslo, knr. to £ 19.13 18.99 18.12 C o po n h a gen, knr. to £ .... 18.20 18.21 18.12 Berlin, reichsmarks to £... 20.49 20.43 *— Rome, lire to £ 113.12 114.63 25.22* Calcutta, pence to rupee 17f 17 13-16 24 Yokohama, pence to yen 24 5-16 24 5*16 24.43 Hongkong, ponce to dol.. 23* 23* 24 Montreal dels. to £ 4.84| 4.84* 4.866 New York, dols. to .£ 4.8415-16 4.85 4.866 Amsterdam, florins to £.. 12.13* 12.13 12.107 Batavia, florins to £ 12.10 12.10 WHEAT CARGOES SLOW Australian and N.Z. Cable Association. LONDON, December 3. Wheat cargoes are slow. They are steadier on a better American tone, and bullish ns a result of Argentine weather reports. Parcels arc in moderate request ol 3d to 9d advance. Ex Oronsay, 57« a quarter. Liverpool futures: Decomber, 11s 43d a bushel; March, 10s 7|d; May, 10s 5Jd. MELBOURNE TRUST Bv Telegraph.—Press Assn.—Copyright. (Received December 5, 5.5 p.m.) LONDON, December 4. The Melbourne Trust issue of £1,000.000 in 4s shares nt a premium of 4s 6d lias been underwritten. oh ro a g (Tfutu E ES. NEW YORK, December 4. Chicago wheat futures; December. 3 dollar 393 cents; May, l dollar 4H cemts; July, 1.332, 1.39*, 1.41, 1.33 J. WEDDEL AND CO.'S CABLE A. H. Turnbull report;—We are in receipt of u cable from our principals, Messrs IV. Weddel and Co., Ltd., dated London, 3rd instant, reading as follows: butter. 382 s (last week 170 s to 1725); New Zealand snHed butter, 160 s to 168 s (146 s to 158 s). Market firm. “New Zealand cheese, while and coloured, 93s to 94s (84s to 85s). Market firm. Canadian cheese, while and coloured, D2s to 96s (86s to 88s)." FEILDING SALE

Da|i»oty ami Co., Ltd.. Palmerston rsortli, report having a moderate yarding of sheep and cattle at their TTeilding sale on Friday. 3rd instant. There was a good demand for sheen and all lines changed hands. Quotations: Small 2lootbe wethers. 15s 6d; medium 4-tooth * r f’ £°°d 4-tooth wethers, 19s; fat ewes. 16s 4d to 16s <kl; springing heifers, £5 10s; crossbred yearling heifprs, LBs; store cows, £1 to 30.«; forward cows. £2 to £2 10s; cows with calves, £1 17s 6rl; light fat heifers. £6 17r 6d: fnt rows. Ci 10s to £<>: fat bullocks. .€O. l*s 6d; .-year p.u. bulks, 9 to 11 guineas.

LONDON WOOL SALES "FIRM AND ACTIVE.-” Messrs Daigety and Company, Ltd., report having received the following cablegram from their London house, under date, of the 3rd instant:—“AVool sales continue firm and active; prices show hardening, tendency except short and wasty merino. Greasy fine crossbred and scoured crossbred generally same prices aa last sale; slipo £d lower except short and faulty lambs, which are Id lower as compared with last sale; crossbred and merino lambs good demand/* GOOD COMPETITION Australian and N.Z. Cable Association. (Received December 5, 5.5 p.m.) LONDON, Decernber 4. At the wool sales there was a good selection of merinos, slipes, and a email offering of greasy crossbreds. There was good competition, and prices were on a parity with the highest point of the series. Messrs Murray, Roberts and Co.. Ltd., are in receipt of the following wool market cablegram from their London agents, dated 3rd instant:—"Greasy merino, best descriptions, market firm; other descriptions, market irregular; scoured merino, best descriptions advanced 5 per cent.; crossbroU greasy, market firm/* FROZEN MEAT MARKET Messrs Levin and Co., Ltd., have received the following caolegram from their London agents, dated December 3rd, 1926: —"The market for lamb is quiet, with prices unchanged. The market for wethers is weaker and the demand is poor/* The New Zealand Loan and Mercantile Agency Company, Limited, have received the , following cablegram from their London house, under date 3rd instant : —"New Zealand frozen meat; lamb, 9|d per lb, average; mutton, s£d per lb wether and maiden ewe, light; s£d per lb wether and maiden ewe heavy; 4d per lb ewe, light; 3£d per lb ewe, heavy. Market slow/* SMITHFIELDMARKET LATEST. TRICES RULING. The New Zealand Meat Producers’ Board has received the following cable from its London office, dated December 3rd, 1926, advising Smithfield delivered prices at that date as follows. (Prices for the two previous weeks are also shown in parentheses) New Zealand wethers and maidens.— Canterbury quality, selected brands. 56/ under, December Ist 6d (6-Jd, 6£d), 57/64 s£d (s|d, s£d); 65/72 s£d (ofd, s£d); other brands, 56/under sfd (.s:!d, 5|d),56/65 s*d (s£d, s£d), 65/72 s£d (s£d, shd); New Zealand ewes, 64/under 3|"d (3£d, 3|-d). New Zealand lambs.—Canterbury quality, 36/under 10£d (101 d, 10£d), 37/42 SHd (9id, 9*d), 43/50 7ki (71-d, 74d), seconds B£d (B|d, 9d); selected brands, 36/under not quoted (9£d, 9sd), 37/42 Bgd other brands, first quality 42/under (not quoted, seconds (not quoted). New Zealand beef.—Ox, fores Sid (3±d, 3sd), hinds 4d (4d, 4sd); cow, fores, not quoted), hinds not quoted. Argentine chilled beef.—Ox, fores 4d (3£d, 3£d), hinds ssd (53d, sd); Argentine frozen beef, ox, fores not quoted, hinds not quoted. Frozen pork, 80/1201b, lOd (lOd, lOJd), 120/180lb 8d (Ba, 9a). JTrozen veal: Not quoted. Lamb.—Market ie steady. Mutton, market quiet. Beef, nominal prices. SHIPMENTS OF MEAT FROM SOUTH AMERICA. The New Zealand Meat Producers' Board has received a cable from its representative at Buenos Ayres, South America, advising the following shipments to the United Kingdom for the fortnight ended November 25th, 1926, ' from Argentine and Uruguay 224,643 quarters chilled beef, 7300 quarters frozen 1 beef, 28,400 carcases frozen mutton, 99, i 188 carcases frozen lamb, i The quantity shipped to the Continent of Europe during the same period totalled :: —126,900 quarters frozen beef, 9274carcases frozen mutton. MEAT QUOTATIONS LONDON ADVICE. Australian and N.Z. Cable Association. (Received December' 5, 5.5 p.m.) LONDON, December 4. Sheep.—Canterbury, light 6d, medium ssd, heavy SJ» North Islands, light s|d, heavy 3jjd; Argentine, light 5d,. Lambs, other selecteds, light, none offering; Australian, firsts 8 7-16 d, others 8 3-16 a; seconds, Victorian, B£d, others 8d; thirds, 8d; Argentine seconds, 7£d. Chilled Argentine fores 4d, others unchanged. Hides are active. The Home and Continental demand is brisk except in France and Belgium, which are handicapped by the exchange rates. Dry salted meat works, Queensland: 35/451b 9£d, 30/40 9Jd, 25/35 9d, 20/30 .9£d. New South Wales, none offering. Wet salted meat works, Queensland: 50/60 7|d, 40/50 7|d. New South Wales: 50/ 60 73d. 40/50 7|d; Victorian abbatoirs: 50/60 7£d, 40/50 7*d.. MISCELLANEOUS MARKETS Australian and N.Z. Cable Association. (Received December 5, 5.5 p.m.) LONDON, December 4. Cotton.—January, 6S4d; rubber, Para 17$d, plantation 18-Jd. Jute. Decembcr-January shipment, 29£d. Hemp. Octobor-December shipment, 38 £d. Copra.—December - January shipment, 243 d. Linseed oil, Slid. Turpentine, 62s 9d. WHOLESAUTpRODUCE PRICES

Messrs Laery and Co., Ltd., report wholesale values os follow: Tikaka mixed fowl feed, 5-sack lots or over 6s 6d, lesser lots 6s 9d per bushel; linseed meal, lGs; linseed nuts, 14a per 1001 b bag; whole linseed, 20s 6d cv/i.; Tikaka oyster shell grit, 5-sack Jots or over ss, lesser lots Gs 6d per 1001 b; Tikaka pipi shell grit. 5-sack lots or over ss, lesser lots 5s Cd per 1001 b; oats, machine-dressed tse#d Algerians 6s Id to 6s 3d, Duns Gs 3d, reed 4s 6d, crushed 5s (kl, black oats 5s 6d per bushel, sacks in; Algerians 4s 9d; shelled oats, for chicks, 6s 3d bushel; South African maize, whole 7s 3d, crushed 7s 9d per bushel; barley, feed, 5s

6d per bushel; wheat, Australian milling, 7s 9d, Canadian wheat 7s 9<l sacks in; wheatmeal, feed, ton lots £l6; undergrade Gartons, for pig feed, 3s lid per bushel, in 10-sack lots; ryecorn, 10-sack lots or over 6s 7d, lesser lots 6s 9d per bushel; rye corn, for pig feed, 5o per bushel; eggs, first grade new-laid 2s 2d to 2s 3d per doze>n, storekeepers* lines 2s Id per dozen; butter, prime farmers* separator lid, dairy bulk and pats lid to Is per lb; turkeys. Is 2d to Is 3d per lb; ducks, Runners, young, 10s to 12s, largo Whites 14s to 15s, old 9s per pair; fowls, White Leghorns 6s to 3s, Black Orpingtons and similar heavy varieties 10s to 12s per pair; roosters, White Leghorns, 3s to 9s; fungus, New Zealand, 9d to lOd per lb; dressed pork, 60*s to 90’s, 8d to 9d per lb; sucking pigs, BJd to 9£d per lb; honey (discoloured), in 601 b tins, 5d per lb; Farro food, £-ton lots or over £lO ss, lesser lots 10s 9<l; sucrosine, i-ton lots or over .£l2 10s, lesser lots 13s; feed peas and beans 7s 3d per bushel, sacks in; rock salt, 6s per bag; molasses, in casks 40a each, in cases 8s 6d per case; Blenheim chaff, ton lots, prime £lO 15s, good heavy £9 to £lO ton; basic slag, £5 per ton ; superphosphates, £5 16s per ton, f.o.r. New Plymouth, less discounts; Chinese peanuts in shell, sack lots, 4id per lb; Java shelled peanuts, sack lots 4id per lb; bran, £-ton lots or over £9 per ton, lesser lots 9s 6d per cwt; pollard, £-ton lots or over £ll per ton, lesser lots 11s 6d per cwt; Tikaka chick-raiser, coarse, 21s per 1001 b bag; Tikaka pigmeal, £ll 15s per ton for ton lots, lesser lots 10s 3001 b; Moreg poultry spice, cases containing 40 packets £3 10s-case, lessor lobs 2s 6d; Black Loaf 40 spray, 2lb tins 13s each, 101 b 50s each, net; potatoes, Dakotas, ton lots, Canterburygrown, £6 to £6 10s per ton; seeds, white clover Is 9<l, eowgrass Is 6d, cocksfoot Is 4d per lb. Italian rye 7s, perreninl Bs. Western Woitlis 7s per bushel: potatoes for pigs or poultry, 4s per sack; new potatoes, 12s to 34s per cwt. CUSTOMS REVENUE The Customs revenue received at the port of Wellington on Saturday aggregated £3695.

Government Loans — Inscribed Stock (1938) 97 0 0 War Bonds (1933) 00 15 0 — P.O. Bonds G-927) 99 0 0 — Debentures— N.Z. Breweries (bonds) 113 Wn. City Street Loan 5* p.c. (193S2) _ 300 15 0 Banks— Commercial of Australia (ord.) 1 12 0 Commercial of Sydney ■ 26 10 0 .English, Scottish, and Australian 8 3 0 National of N.Z 7 10 — New Zealand — *2 19 9 New Zealand (rights) 0 6 6 — Union of Australia... 15 4 0 15 6 0 Financial— Abraham and Williams (ord.) — 4 2 0 Equitable Building ... 6 2 6 — Metropolitan Perm. Building 13 0 0 N.Z. Guarantee Corp. ford.. 8s) 0 10 3 Wn. Invest. Mortgago and Deposit 0 9 3 Wn. Invest. T. and A. 0 10 6 Wn. Deposit & Mortgage 0 10 4 __ Wright, Stephenson (ord.) 1 4 6 Wrig ht, Stephenson (pref.) 0 17 6 Gas — Christchurch 14 3 Wellington (ord.) 16 0 1 7 0 Ashburton — 5 6 0 Transport— Union Steam (pref.) ... tl o 3 _ Keiburn and Karori Tramway (ord.) 1 6 11 Woollen— Wellington (ord.) 6 12 6 Wellington (new issue) — 16 10 O Coal— Westport t 16 0 Waipa — 0 15 6 Timber— Tnringarautu _ 1 6 0 National 0 14 0 — Breweries — New Zealand 2 12 0 Ward and Co 2 2 6 — Miscellaneous— Burns, Philp and Co. 1 16 0 Electrolytic Zinc (ord.) _ 1 16 9 Electrolytic Zinc (pref.)' 1 17 6 Howard, Smith 1 13 6 Scoullar Co — 1 2 9 Sharland & Co. (ord.) — 1 2 6 Sharland & Co. (pref.) — 1 2 6 Wairarapa tanners* (<C5) _ 4 0 0 Wairarapa Farmers* (pref.) 0 14 9 Wn. Queen*s Theatre 10 0 — Mining— Blackwater 0 5 6 _ Meat Preserving— N.Z. I? e f r i g erating (10s) 0 7 0 Gear 1 16 9 “Cun-, div. JCalls paid in advance.