COMMERCIAL.

Press, Volume LVII, Issue 17225, 16 August 1921, Page 7

COMMERCIAL.

A PROHIBITIVE TARIFF. (PBESS ASSOCIATION TELEGRAM.) WELLINGTON, August 15. The new president of the Chamber of Commerce stated to-day that the ! new American tariff was so stringent that it practically amounted to prohibition. It affected New Zealand particularly in the case of wool, meat, c..o<;se, and butter. The tariff on unwashed wool was 15 cents per lb, on washed wool 8U cents'and on scoured 40 cents. Ttois practically prohibited tha export of wool to America. The tariff, whph , was against the whole world outside -»merica, was of the utmost importance STORAGE OF BENZINE. EXEMPTION OF FARMERS. (press association tolbgram.) WELLINGTON, August 15. As the result of representations made by the New Zealand Farmers' Union Executive, the Department has decided to amend the regulations so as to exempt farmers from the necessity of applying for licenses for the storage of benzine under certain conditions. No license will be required if the proper storage is provided, and amount of benzine or other explosive is limited in accordance with the acreage of the property concerned. BANK SUSPENDS PAYMENT. (By Cable—Press Afeociation—Copyright.) ("The Time#.") HOME, August 18. The Ruster Bank has suspended payment, the deficit being 50,000,000 lire. Piobably 60 per cent, of the liabilities will be met. THE WOOL MARKET. Pyne, Gould, Guinness, 1/td., advise having received tlhe following cable/rain from their London agents under date the 18th inat."The wool markets generally are quite unchanged." GISBOKNE BOROTTGS LOANS. (special to "the press.") GISBORNE, August 16. Advioe ha* been received! from the Mayor (Mr G. Wildish), who-is at preeent viritir.g Wellington, that the State Advaaccs Offlc* i has allowed the Borough Council a £IO,OOO |loan;oleo that satisfactory arrangement , have been made with the A.M.P. Society t» Joan to the boioajgh £15,700 for Peel street bridge, and £IOOO to keep the Kaitl tridgo loan alive. The Minister of Finance has agreed to the Tate to be charged, via., 7 per cent. STANDARD INSURANCE COMPANY. (NMCU ASSOCIATION TKLIGttAH.) DUKEDIN. August JB. The annual report of the direotpra of tha Standard Fire and Marine Ineurnnoe Company of New Zealand states that the net income for the year ended June SHth, 1921, amounted to £202,983, and the expenditure to £175,899, leaving a balance of £27,082, to which has to. be added the balance carried forward from last year, amounting to £0583, making a total of £33,865. J row this an in- ' 'terim dividend was paid in March last, amounting to £7600, leaving available a balance of £26,165, which the dirwtow liavo dealt with in the following manner: —To;appropriation for depreciation of stcuritoes. £10,000; guarantee and provident fund, £2OOO. They recommend that the balance be appropriated as follows:—Puy a dividend for Mie hal < year ended June 80th,' 1921, at • tlhe rate of Is 6d per. share (£7600), and carry . forward to next year £6665. cheistchtoch~Btock EXCHANGE. j, YESTERDAY'S TRANSACTIONS. . Sales reportedHuddart-Barkers, 4&I 9dj XJnion Bank of Australia, £l2 7a 6d. LATEST QUOTATIONS.

AUCKLAND iSTOCK EXCHANGE. (PBESS ASBOOTATION TBUBORAM. j ; ATJOBJLAND, August 15. Sales—City of Auckland Debentures, 1987, £7B; Soldiers* Bonds £92 2a «d; New Zealand Inscribed Stock, 1938. £B3 17s 6d; ißank of New Zealand, 495; New Zealand Insurance, 29s end 29s 6d: Tatrpiri Coal, 16* 9d; Union Steam (prof.), 18* 9a; Gear Meat, 87a 8d; Grand Junction, 9s. Quotations—Bank of Australasia, .buyer* £B6 j Commercial Bank, «ell«is 27s 6d,. ruyera 24s Od; National Bank, sellers SB 14s, buyers £5 lis; Bank of New South Wales, buyers £BS; Bank of New Zealand, sellers 49e, buyers 48s 9d; Union Bank, sellers £l2 •10s, buyer* £l2 4s; National Insrarsnen, ruy* em 60s; New Zenland, sellers 29s Od, rovers 29s 3d; South. British, sellers 86s 6d, buyers 85s Odj.New Zaslmid and) River.Plate, sellers 17s 6d, buyers 16a 8d; Loan and Mercantile, , eellera £B3. buyers £80; Loan arrl MercontiU (pref.), sellers £B2, buyers £SB; Taupiri Coal, sellers 17a, buyers 16a 9d, Westpoii, buyers 27s 8d; Auckland-Gas,; buyers 2?«: Auckland Gas (cont), buyers 23s 8d; P. and O. (def.), sellers £865, buyers £360; P. and O. Bankin< Corporation,, buyers '£ll lis; Union Steam (pref.), sellers 19s Cd, buyers 18s ed; Kauri Timber, buyers 23s 6d'j Mosriel Woollen Co., seller* £5 10s: Newton King (pref.). selleri 19s; Paper Mills, sellers 22s 0d; Qtox M<-at, sellers 83s 6d, buyers 81s; N-tw Zealand Refrigerating (cont.), sellers 16s 9d, buyers 16s; Wfleon's Cement, buyers Jsbj 'tlhrv 22s Bd, buyers 21s W; ilranl Junction, ee'lers 9s -ed, buyers 8s lOd; War Loaii, lOiO, buyers- £B7; 1938. sellers.£B4, Imyers. £B3 Ms: 1827. sellers £92, buyrs £9T;. Soldiers' Loan, sellers £92 sa; Soldiers' |nscri>)ed, sellers £92 10s, buyers £92. DUNEDIN STOCK EXCHANGE: (rftßSa JWWVTIATI K twt.wjbam \ ' DUNEDIN, August 15. Bales—Westport-Stockton, 7s Id: and 7s2d; Huddart-Parker, 45s and 44s Od. Sales reported—Government Bond*. 1938, £B3 12s 6d; Bonk of New Zealand. 48s 9d. Quotations—Waihi, buyers 21s B<i; Waihi Grand Junction, buyers 8s 3d; MountLye'l, buyers Ha, sellers 14s 3d; National Bank, buyers £5 9s, sellers £5 12n; Bank of New Zealand, buyers 48s 6d, sellers 435; Union Bank, buyers £l3 6s, sellers £l2 10s; National Insurance, buyers 60s, sellers 61s; Ntw Zealand, sellers 80s; South UritUh, buyers ' 86s 3d, sellers 87s 8d; Standard, buyers Bis ; 8d; P. and O. (def.) sellers £365; Union : Steam, buyers 18s; Huddart-P.-inccr (ord ), buyers 44s 6d, sellers 46s Cd; Wostport Coal, Wyers 47s 4d, sellers 27s 8d; WsstporiStockton (ord.), buvers 6s 4d, sullersJTr 2d; ! Brown, Effing (ord.), buyers 23s 6d; WngiM, Stephenson (pref.), sellers !Ss 6d; Domini'-n Rubber, sellers l«a 8d; New Zealand It*friserating (£1 paid), buyers Sis, sellers 82*; New Zealand Refrigerating (10s paidi. Invero 16s, sellers 16s 6d; Southland Frosen Meat ' (ord.), buyers 265; South Otago Fnottng, { buysra SiXUi MosgM Woollan, saUscs 49;

Buyers. DEBEOTUKBS- < :■* d. fi * A N.Z. Govt. 4J per cent. 88 IS Insoribed, 1988 N.Z, Govt. 5 per ceflt Iworibed, 1927 .. 81 0 6 83 0 0 N.Z. Govt. 6} per cent. 93 IS Inscribed, 1963 •• 9 N.Z. Gwt, 8J per cent. 9310 Bonds, 1988 ' *• 0 •"* BANKS— 89 0 Australasia .. »» 87 0 0 0 Commercial of Au»t, 14 ft (ex div.) .. •« 88*0 New South Wales .« S5 0 0 0 •New iSeatend.... • »• 3 8 9 — Union of Aufltoallft ii 126 0 13 7 6 INSURANCE— 919 6 National it tt ■ New Zealand •• •• 1 9 0 . — LOAN AND AGENOT— 1110 0 Ch'oh Building Society — Golddbxoagb, Hort 1 9 ' (Melb.) . i> n 8 T Mutual Benefit •• 11 6 0 «"» Permanient Investment 0 0 0 ' ' — BHIPPIWG— 2 6 Huddart-Pa.rker •> 9 6 0 0 FROZEN MEAT— N.Z. Refrigerating (21 1 10 psfd) .. 0 — N.Z. ReM&?i»tfa« (Me 0 16 8 paid) << ♦» T OOAL— ' Wertport it «» X 6 » ■ — WOOLLENSi ■ . Kaiapol (£1 p«ld, ettttt 9 «*.) a '*• — 1 6 GAfi— , Christclrarch »* * *, 0 —* BREWERIES— k Crown • a # 0 MISCELLANEOUS— Henry Jems* Co-op. 1 10 (Melh.) .. >» 6 — N.Z. Drug Oo. . .. 2 IS 6 — Wbitcwmbe otuS ' Tombe 2 18 •6 • _ UNLISTED COMPANIES New dolotaedm, Ltd. .. 3 6 0 .8 0 0 McOroetle, Ltd. — 9 0 0 MINING— Wftihi i. . a' 1 019 8 — 9 Waihi Grand Junction 0 9