Business Gossip

Sun (Auckland), Volume 1, Issue 96, 14 July 1927, Page 2

Business Gossip

Electrolytic Zinc Dividend—niters of the Electrolytic Zinc Co Ln>' announce an interim dividend it tk rate of 12 per cent, per annum for -i l half-year ended June 30, 1927, 0 _ preference shares. including the sh2*i previously known as the dinary. Transfer books close on Jm. 27 and 2S and the dividend is n aV ahli on September 1. LONDON MARKETS PRICE OF BANK SHARES N.Z. AND AUSTRALIA Du Cab’*.—Press Association.— Copynjfc LONDON, Tuesday. The following are the latest quotations on the London Stock Exchant, for New Zealand and Australian bank shares: Bank of Australasia, £l4 ss: Bank of New South Wales. £43 12g Si Union Bank, £ls 18s 9d. Bank of New Zealand 4 per cent, guaranty stock, £93 17s 6d; ordinary shares, 57s Gd (ex dlv.): New Zealand Loan and Mercantile Agency Company's debentures, £76; ordinary- stock, £94. WOOL At the London wool sales there a splendid selection of greasv crornl breds ancl Merinos, chiefly suiwr spin, ners’ sorts, and there was a steady demand for all varieties. The following New Zealand clips were sold: JLR, 19d to 16d; Arakiht 20d to 15d. THE LEAD MARKET Lead imports for June were 20.591 tons, and exports 2,14 c tons.—A. end N.Z. THE BEST LAMB WELLINGTON OR CANTERBURY DIFFERENCE OF OPINION {Special to THE SUN.* WANGANUI, To-day. Which province produces the be*, lambs, Canterbury or Wellington? According to a statement made at t. meeting of the Farmers' Union ytster day, the question was apparently settled by Mr. Forsyth, who is reported to have said in the course of a letter to a Home paper that there were better lambs in Wellington Province than in Canterbury. The latter had to give way to Wellington on the Southdown-cross lamb, which was bringing the highest price on the London market. 4i Yet,” said Mr. Belton, who introduced the matter, “a peculiar thins is that, according to the schedule, tfec price per pound to farmers in Canterbury is one-farthing to onehalfpennv greater than fo the farmer: in the Wellington Province.’* t