COMMERCIAL.

Press, Volume LVI, Issue 16851, 3 June 1920, Page 9

COMMERCIAL.

» . SHARES. (By Cable—Press Association—Copyright-.; (Australian and N.Z, Cable Association.) (Received Juno 2nd, 11.20 p.m.) LONDON, June 1. Waihi —Buyers 35s 3d, sellers SSe £kl. P. and 0. (def.) —lSuyers £140, sellers £ICO. Banks—New iSouth Wales £31. Union Bank of Australia £1*23. National Bank of Nov,' Zealand 1225, Bank of New Zealand £'22 10s. LONDON WOOL SALES. (Received Jtine 2nd, 11.20 p.m.) LONDON, June 1. At the wool sales a largo offering of merinos were catalogued, but • two-thirds wao withdrawn." Prices, were the same a3 on the opening day. A fair selection, of crossbreds was offered, but low prices led to heavy withdrawals. MARKETING OF N.Z. PRODUCE. (PRESS ASSOCIATION TELEGRAM.) DUNEDIN, Juno 2. At tho .annual meeting of tho South Island Dairy Association, held to-day, the following resolution v.'a 3 carried unanimously:—"That tho executive of the South Island Dairy Association bo authorised to co-operate with the National Dairy Association in negotiating ariangements in conjunction with the C-o-operativo Wholesale Society, London, fdr the marketing' of our produce." NEW SUGAR CONTRACT. The terms of the agreement made by the New Zealand Government with the Colonial Sugar Company for the purchase of the Fiji crop of sugar for tlie next year fchould be announced shortly, probably before the end of 'this month, when the old agreement rur.fi out. With the. announcement of details of tho contract will probably bo made the further announcement of the prices to be charged for sugar in this- country. It is a foregone conclusion (says tho Wellington "Post") that the prico of sugar will riso considerably, but from the speeches of Minis fers recently New Zealand ehould expect that tho agreement concluded has been a highly-favour?.bkj one to this country. A BIG LAND DEAL. It is understood that the New Zealand F.limcrs' Co-operative Association completed thf* sale yesterday of Molesworth; Tarndalo, and Rainbow Stations, Marlborough, together with 30,000 elieep and 1250 lu j ad of cattl«, the properties in the estate of the la,te Mr William Nicholls,' tho purchasers being Messrs R. AV. Lochhead and Son, of Christchurch. CHRISTCHUKCH STOCK EXCHANGE. YESTERDAY'S TRANSACTIONS. Sales reported:—Wellington Gaa, £10 9s. LATEST QUOTATIONS. Buyers. Sellers. £ s. d. £ ■. d. DEBENTURES— •N./i. Govt. 4i per cent. Inscribed, 1938 .. — 9G 15 0 BANKS— Australasia .. .. — 100 0 0 Australasia, (fi-nctions) — 17 0 "0 i New South *Wales (ox div.) ... .. - 36 5 0 New Zealand (Old) .. — 2-10.0 Union of Australia (London delivery) — 13 12 G Roval Bank. of Australia — 1 14 0 INSURANCE— National .. .. — 3 IS 0 Now Zealand .. ■— 1 11 9 LOAN AND AGENCY— Ch'ch Building Society 11 10 0 — Goldsbrnugh Mort. (Melb.) .. .. — 2 10 3 Permanent Investment 010 0 — FROZEN MEAT— N.Z. Refrigerating (10s paid) .. .. — 17 6 GAS— Wellington .. .. 10 6 0 10 10 0 MISCELLANEOUS— Beath and Co. (Old) .. 1 14' 0 116 0 Burns, Philp (Svdney), rights 016 .0 017 G Cant. Publishing Co. .. 0 19 0 — Mason. &truthers (Us paid) .. .. 018 3 — N.Z. Sugar of Milk .. 2 4 3 2 7 0 United Pictures .. — 0 19 0 Whitcombe and Tombs 3IS 0 — AUCKLAND. Sales reported—Bank of New Zealand, £23 15s; Huddart-Parker, 52« Gd; Parenga Ore, 28s G;1; ditto (con.), 9s Gd; Waihi Extension, 41s 3d. DUNEDIN. Sales on 'change:—Mt. Lyell. 25s 9d, 25s B'l; p. .and O. (deferred). £490; New Zealand Hardware (cont.), 19s Gd.