CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LIX, Issue 17702, 2 March 1923, Page 8

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS. Silt* Reported—NX Govt. *i P**"?*Inscribed, 19%»7 &; X.*. Govt *i 1935, £OT ss; National Bank of N./1., ±*> « a (three parcels); Goldsbrough Mort and Us, Ltd., £2 os; Huddart-Parker. £2 lfe; Christchurch Gas, £7 iSs (two parcels); Eiectroiytio c "lights,"" 11a 3d; Ward and Co. Brewery, £1 15s. Sales on 'Change—N.Z. Govt. 5J per cent. Bonds, 1933, £101; Union Bank of Australasia, £l3 18s 6d; i>.Z. Refrigerating (£1 paid), fl ft 6i LATEST QUOTATIONS.

OTHER EXCHANGES.' (PBESS ASSOCIATIOK TZLEGBAHS.I AUCKLAND, March 1. Sales—War Loan, 1938, £97; Bank pi New Zealand, 755; Auckland Gas (cont.), 25s Sd; Waihi, 295. WELLINGTON, March 1. Sales on 'Change—l933 Inscribed Stock, £IOO 15s; National Insurance, £3 14s 6d; Wellington Cordage, £t. DUNEDIN, March 1. Salea on 'Change:—Westport Coal, 35s 3d (two), 353 4d; Wikon's Cement, 23a 3d (two); Rise and Shine, Is; Mount Lyell, 25s 3d. Salea reported .-—D.I.C (pref.), 20s.a6d; National Mortgage, 77s 6d; Bank of New Zealand, 51s; National Insurance, 745; Union Bank, £l3 18s Gd (two); 4§ per cent. Inecrfbed Stock, 1938, £97 sa : i\ per cent. Soldiers' Bonds, 1938, £97 sa. TEMUKA STOCK SALE. At the fortnightly sale there was a moderate entry of bueep and lambs. Fat iambs realised up to lO&d per ib. Tliere was spirited ' bidding by freezing buyers for a moderate ' yaraing of fat ewes, beef sold up to 3js ' per 1001b, and cow beet up to 22s 6d Pige were in good demand, bales were:— Fat ewes—lß at 275, 10 at 27s', 33 at 26a Id, 9 at 265, 52 at 25s 3d, 25 at 243, 19 at 23s 4d, 15 at 25s 4d, 15 at 25s sd, 3 at 22s 3d; 14 at 21s yd, 24 at 24s Bd, 21 at 25s sd, 6 at 255, 14 at 24s 6d, 24 at 21s lOd, 5 at 24s 9d, 9 at 253 3d, 17 at 23s lOd, 13 at 19s Id, 26 at 223 lOd, 7 at 255. Fat w.jthers—4 at 34s 3d, 7 at 31s 6d, 2 at 24s ad. ' Fat lambs—34 at 34s lid, 24 at 34s lOd, 20 '. at 34s «d, 29 at 34s 7d, 13 at 34s 4d 6at 33s \ lOd, 1 at 345, 15 at 30a lid, 26 at 30s 7d. 60 at 30s 2d, 2 at 28s, 12 at 335, 31 at 31s 3d, 17 at 31s 6d, 15 at 30s 7d, 55 at 31s lid, 52 at 26s lid, 61 at 32s lid, 1-at 28s 6d, 59 at 32s 7d, 2 at 21s 6d, 37 at 345, 27 at 355. S*tore sheep—l and 5-year-oid Romney crossbreds, 102 at 265; 2-tooth ewes, 52 at 30a 6d, 177 at 345, 25 at 25s sd; 8-tooth ewes, 51 at 27s 3d; 173 full and failing-mouth ewes at 275; rar>e ewes, 25 at 17s 9d, 31 at 18s; store lambs, "ll at 26s lOd. Cattle—Fat bullocks, 3 at £lO 10s, 3 at £lO, 2 at £9 15s, 1 at £9; -fat cows, 1 at £9 15s, 2 at £B, 2 at £6; fat heifers, £6, £4 10s, 2 at £4 7s Gd, 1 at £3 ss; ."tores, 9 bullocks at £6 ss, 9at £5 10s, 13 steers at £2 12s 6d, 8 heifer 3at £2 13s, 11 heifers at £2 ss, 2 steers at £1 183, 1 heifer at £1 19s. heifer in nrofit £4 2s 6d, 2 cows at £2, 2 at £2 7s 6d. empty cows at £2 lis 6d, £2 8s Ed. £1 10s; dairy cows. £8 ss, £7, £6 10s, £6, £5. 2 at £6. 2 sit £i 10*. Piss—Baoor.ers, 3 at £3 2s, £3 2s 6d, £3 10=; "norkors, £3; stores. st=. 4at 48s, 37s 6d. 31s, 27= 6d: slips, 2 at 31s, 20 at 375, 5 at SOs; weaners, 5 at 20s, 13s to 20s. TALLOW. Dalgety and Company, Limited, have received the following cablegram- from their London office, dated February 28th,. 1923: "Tallow—At the ivcekly auction 1445 casks were offered and 9080 sold. Prioes for mutton tallow are sixpence lo'-ver, lew and inferior decriptions of tallow threepence to sixpence higher, other descriptions of tallow unchanged." Messrs Booth and Co.'s London house cables under date February 2Sth, that 1443 casks of tallow were offered and 930 sold at the sales held that day. Prices were firm. Quotations: —Edible mutton 14s, edible beef 435, good mutton 435, good beef 41s 6d, good colour 41s 6d, no colour 38s, gut 363 6d. Pvne, Gerald, Guinness, Ltd., have received the following cablegram from their 'London agent 3, dated ndon tallow auctions—Prices remain unchanged. Demand mostly for interiors, better sorts in poor demand. Some bidding just j below sellers limits, United Kingdom stocks I plentiful, buyers will not follow the rising prices; g of the offerings sold." APPLES FOR HONOLULU. A good consignment of Auckland grown apples will be shipped by the Niagara to Honolulu on Tuesday. Two similar shipments have been made in the last two years, bnt a little later in the season. However, the present time is said to be much more* suitable. It is a pity that more of the growers' associations do not go in more for such experimental shipments. As one interested in the industry remarked to aa Auck- | land "Star" reporter, '.'there i no doubt about it we have the stuff and we should, instead of growling so much about low j prices, show more enterprise and seek out j suitable markets for ourselves in regard to • apples. But some organisation is necessary in regard to the sale and distribution of stone fruits and that class of pip fruit not exportable." , (Continued at foot of next column,)

NATIONAL MORTGAGE AND AGENCY CO. LONDON, February 28. The National Mortgage ana Agency Company of New Zealand shows a profit of £'30,381. A final dividend of 2a a share, and a bonus of Is, both tax free, have been declared, and tie amount carried forward is £5381. THE WAIHI MINE. (SEZSS ASSOCIATION TBLZOBAK.) AUCKLAND, March 1. The Waihi mine during the .period ended February 17th treated Ii.SU tons of ore for a return of 46690z of gold and 23,8190z of silver. Last yea,r 12,6ul tons yielded 37510z and 13,3e00z respectively. KAIKOURA DAIRY COMPANY. An extraordinary general meeting of shareholders in the Kaikoura Dairy factory was convened for yesterday, forty-five being present. The directors submitted proposals • for the alterations of the articles of association, but as the number of shareholders present dud not - represent a majority oi the votes of the company, the chairman, Mr J amen Davidson, said that the meeting would have to lapse. He stated that the factory had proved its worth to the community, and the installation of the butter plant had justified itself and proved good foresight on the pari of the directors. Suppliers would admit this when the season cosed and the balancesheet was made available. The directors had put in a, good deal of time in the interests , of the company, but could not say whether their efforts were appreciated. More often I than not they got more kicks than halfpence. However, the directors had done their best to further the interests of tne company. A vote of thanks was passed to the chairman for his address. . FALL IN PRICE OF CEMENT. Wellington merchants have been advised by the Wilson Portland Cement Company, Auck- ■■ j*nd, of a reduction in the price of cement. : The fall is 9s, bringing the price as from March Ist, to £5 18s 6d per ton, ex store, or on wharf. *nis is the third reduction in tne price of cement during the past six months. pa'lmerston north property values. (PEI33 ASSOCIATION TZLZGRAX.) PALMEBSTON, NOETH, Ma r ch 1. A property in the Square, with a frontage also to Cuba street of Bixty-six feet, a—i ft, depth of 165 feet, was eola for proximately £379. a foot, N.Z. GUARANTEE CORPORATION, LIMITED. A* » meeting of the provisional directors ?Vj • Zealand Guarantee Corporation, Ltd., jt was decided to immediately proceed to registration. It was announced that the minimum subscription had been largely exceeded, and the first allotment of •haws will I ho made a* an earlj date, 1

Buvera. Sellers. £ 1. d. ii.i DEBENTURES— N.Z. Gort. H per cent. Inscribed, 1938 97 5 0 97 7 6 N.Z. Govt. 4J per cent Bonds, 1938 97 2 6 97 10 0 N.Z. Govt. 5 per cent Inscribed, 19-29 — 97 15 0 N.Z. Govt. 5 per cent. Inscribed, 1927 S7 5 0 — N.Z. Govt, o per cent. Bonds, 1327 97 5 0 97 15 0 N.Z Govt. 5J per cent . J Inscribed, 1933 .. 100 15 0 101 0 « BANKS— 1 Australasia (cum. div.) 13 .5 0 13 13 0 National of N.Z. 6 7 0 6 7 6' New Zealand 2 17 0 2 17 6 Royal (£1 paid) 1 13 3 1 14 0 Royal (£4 paid) 6 11 0 Union of Australia .. 13 17 6 13 19 0 INSURANCE— New Zealand 1 7 3 17 9 South British — 1 19 3 Standard .. .. — 1 14 6 LOAN AND AGENCY— ■ Goldsbrougi, Mort a * 8 2 4 9 National Mortgage — 3 17 d SHIPPING— Huddart-Parker (6 per cent. cum. pTef.) .. 1 0 0 10 9 P. and 0. Deferred Stock 825 0 FROZE X 'HEAT— Canterbury 14 16 0 15 0 0 Canterbury (6 pax cent. cum pref.) 5 0 0 — N.Z. Refrigerating (£1 paid) 1 7 0 18 0 N.Z.. Refrigerating (10a paid) 0 14 0 0 14 4 COAL— Westport-Stockton 0 4 4 — Westport-Stockton (8 per cent, non cum pxef., cum div.) .. 0 8 9 0 10 WOOLLENS— Eaiapoi (10s paid) Oil 0 0 12 0 GAS— Auckland - 1 4 6 — Christchurch .. ~ 7 18 6 8 0 0 Napier .. ~ 10 6 0 — BREWERIES— Crown — 2 2 6 Manning _ — 4 7 6 6 0 0 Ward 1 13 6 — CEMENTS— Wilson's N.Z. Portland 1 3 0 1 3- 5 MISCELLANEOUS— Beath Schiess — 0 19 0 bins Philp 1 12 0 1 13 0 Burns Philp (South Sea) — 15 0 Glenmore Brick and Tile 0 17 0 — Mason, Struthers (£1 paid) . — 14 9 Mason Struthers (6s paid) 0 6 1 0 6 6 Mason, Struthers (4s paid) 0 4 1 — N.Z. Drug Co. 2 IS 0 — N.Z Farmers' Co-op. (£2 paid) .. 1 5 0 — N.Z. Farmers' Co-op. (6 per cent., pref. re div. only) .. 3 10 0 .4 10 0 N.Z. Sugar of Milk .. 1 11 0 — Electrolytic Zinc (rights) 0 11 2 0 11 5 Electrolytic Zinc (pref.) cum. div. 1 11 8 1 11 9 MINING— Mt. Lyell 1 5 0 — Waihi 1 9 0 — Waihi Grand Junction 0 8 9 _