CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LX, Issue 18051, 17 April 1924, Page 12

CHRISTCHURCH STOCK EXCHANGE.

DUNEDIN MARKETS,

YESTERDAY'S TRANSACTIONS. Sales reported:— X.Z. Refrigerating (cont.), 9s 3d. Sales on 'Change :—Huddart-Parker. 42s 6d. LATEST QUOTATIONS. Buyers. Sellers.-

OTHER EXCHANGES. (press association telegrams ) ' AUCKLAND, April 16. Sales:—New Zealand Inscribed,. 1929, £97 17s 6d; Soldiers' Inscribed, £IOO;N.Z. .Brewery Debentures, 20s 9d; Bank of Australasia', 263s 6d'; Bank of New Zealand, 52s 3d; New Zealand Insurance, 29s 9d; Hud-dait-Parker, 435; Milne and Clioyce Debentures, 22a 6d; Waihi, 31s 6d; Grand Junction, 4s. . . , WELLINGTON, April 16.' Sale reported:— Huddart-Parker (ordinary), £2 2s 6a. Sales on 'Change:—4J per cent. "War Bonds, fd3o, £96 10s; South British Insurance, £2 2s. . • DUNEDIN, April 16. Sales Reported—s per cent. Postal Inscribed 'Bond*, 1929, £97 15s; "WestpoitStockton (ord.), ss. --.:■•

NATIONAL BANK OF AUSTRALASIA, LTD. "ISSUE OF NEW SHARES. In consequence of the continued expansion of business of the National IBank of Australasia, Ltd., the directors of the company have re.Bolved to make available for subscription at £l2 each, by shareholders registered as on April 30th-, 1924, 46,250 £lO shares, constituting the remainder of the present authorised £lO shares of the bank. It is also turiner proposed to issue for subscription, at £6 a share, by shareholders registered on April 30th, 1924, 62,500 of the newly created id shares (paid to *'s). This last proposal is subject to the due passage of an extraordinary general meeting oi shareholders of a resolution to. that ettect. In connexion with Uthe above the following circular letter has been sent to shareholders:— "The bank's present authorised capital is £5,000,000, of which £4,537,500 has been issued. The directors advise their intention of issuing the remaining £462,500 of 1 £lO shares, which will bring the issue capital up to the existing authorisation of £5,000,000. In order to provide for the current and probable future iifcrease in the bank's business, it k proposed to reoomroend to shareholders that the authorised capital be increased to £10,000,000, of which the 62,000 £8 shares wi:i form a part." The letter then proceeds to give notice of an extraordinary general meeting, which was to have been held in Melbourne yesterday. It-also gives notice that the 'following motion would bo brought forward:— "That the capital of the company be increased to £10,000,000 by the creation of 150,000 new shares' of £lO each, and 437 500 new shares of £8 each." '

SHEEPSKIN SALE. At this week's sheepskin sale at Dunedin, medium-sized, catalogues. were submitted' to a full berich of buyers. Competition was again-keen, .and the .catalogues, were cleaied at auction. Quotations:'—Merino: Threequarter ' to -full-wool, '2ld to 24Jd; halfwool, 18d to 20Jd; quarter-wool, i4d to 17d. Halfbred: Three-quarter to full-wool, 20d to 24Jd; half-wool, 17d to 19d; ruarter-wool l3jd to 163 d. Fine crossbred 1 : Three-quarter to full-wool, 17|d to 193 d; half-wool I6d to 17Jd; quarter-wool, 13Jd to 152 d. Crossbred: Three-quarter to full-woo], lSjd to 17Jd; half-wool, lid to 15id; quarter-wool 11 Jd tol3Jd. Merino dead: Three-quarter to full-wool 17d -to 20d: half-wool' 143 d to 16Jd;: quarter-wool, I2d to 14jd. Halfbred dead: Three-quarter to full-wool led to 20Jd; half-wool, 16Jd to 17Jd; quarterW, 102 dto lljd. Halfbred hogget dead, 20d to 24d. Crossbred, hojget dead, lid to LAND SALES.

The l\ew Zealand Farmers' Co-operative Association sold by auction at their rooms yesterday, en-account Mr "James Spence lot 2 of his "Heslerton" property, Killinchy, 'containing 245 acres 1 rood 39 perches, to Mr George Pearce, of Brookside, at £34 10s an acre. On Saturday,, on account of the trustees of Mr Earl, they sold 48 acres, more or less, and homestead buildings,. at Killinchy to Mr John Spence, Killinchy, at £35 an acre. „

THE PROPERTY MARKET. "At their rooms yesterday P. S. Nicholls and Co., Ltd., sold by auction, a small farm at Templeton, comprising 25 acres, account of the mortgagee, to Sir Joseph Bailey for £1550. There was ; a large attendance ..at .the sale, and competition was, keen. This is another instance of why those wishing to dispose of property by public auction should instruct P. S. Nicholls and Company, Ltd., to do the business, as they are expert property and furniture auctioneers. 7585

(Continued at foot of neit column.)

(SPECIAL TO "TUB PBBSS.") DUNEDIN, April. 16. Offerings of oats are. scarce. The demand is not ve'ry_strong, and prices are unchanged A Gartons are quoted' at 4s 2d and B a at Is per bushel, sacks extra. There is some enquiry for good lines of fowl. wheat, and prices remain at 5s per bushel, Bacts extra. Large supplies of potatoes are coming forward and are .meeting with a rather poor demand. Only choice lots are.enquired for. Best tables are realising up to £6 'ss per ton, supplies of chaff continue to be heavy. There ib a fair demand at low rates—prime oaten Bheaf at £7, good to be3t feed at £S to £6 10s, and inferior from £5 per ton, sacks extra. " Bi:«ini\3s contirjies brisk in the fruit • marts. Apples from thy Taieri and Central Otago meet with a good sale. Latest wholesale prices are:—Pears, dessert, choice, 2|d to 3d per lb, others 2d to Cfd, cooking ljd to 2d; apples, Jonathans, 10s to lis per case for extra choice, others' 7s Ed to 9s; Delicious 12s to 14s for choice, cooking 4s to 6s; tomatoes, Christchurch outside grown, lid to 3Jd per lb, local hothouse 6d, extra choice to 9d per lb, Cnteral Otago 3d to 4Jd: q'uinces, ljd to 21d per lb; lemons, Californian, 42s 6d io 45s per case; grapea, local, Is to Is Bd per lb, extra large to 2s.

BEEF MARKET AND LONDON SLUMP.

(PBESS ASSOCIATION TELEGBAM.) WAIROA, April 16.

A case of importance to primary producers was heard nt the Magistrate's Court, when the Wairoa, Meat Company sued Eustace Lane, sheepfarmer, for £lf6 7s Bd, the balance owing; on a shipment of beef during the recent slump in London. ' This consignment had resulted in a loss, ■which the defendant refused to pay, alleging that the company showed negligence, as his agents, concerning the Bale instructions. Much evidence was taken, both sides contradicting each other regarding the verba,! instructions. The Magistrate (Mr Levvey) said he could not support, the company's case, and gave judgment for defendant with costs.

SALE OF FURNITURE. Jones, McCrostie Company, Ltd., held a successful clearing sale on account of Mr W. H. E. Wanklyn, at his residence, Fendalton road, on Tuesday. Amongst the articles sold the following prices were realised: Garden roller £lO, Chesterfield £B, four chairs £lO, gramophone £l9, carpet £l9, rug £2 15s, table and five chairs £8 Bs, secretaire £5 15s, oak clock £ll, bookcase £7, duchesse £5 IQSj cupboards £2 15s and £3.

N.Z. GOVT. DEBENTURES— »J per cent. Inscribed, j.y^J — 96 15 0 •1J per cent. Bonds, r'joU .. 96 10 0 — 4J per cent. Bonds, l=;3d .. ..■ 96 10 0 96 15 0 44 p*r cent. Bonds, J.-J30 . -. ■■ — 97 0 0 5 ucr cent, inscribed, "l927, 97 10 0 98 0 0 5 per cent. Bonds, . 1927 97 15 0 — »i per cent, inscribed, MSi 100 15 0 101 0 0 oh per cent. Bonds, luM 100 15 0 — OTHEK DEBENTURES— North Canterbury ■ iios- . pitai, ai p.c, i.ao2 98 10 0 99 0 0 N.Z. liiewenes, 10 per ■ cent. .Stock — 1 0 9 Glaxo U| per, cent., 1915 S3 0 0 _ — BAMs-b— Au.it. Bank of Corn. .. 1 6 6 1 7 0 Australasia ~\aU0liai of N .Z. IS 6 4 13 0 6 13 6 0 .New South Wa.es — 41 '5 0 New Zealand 2 12 3 2 12 6 INSURANCE— i\eiv Zealand .. ' 1 9 6 1 10 0 Standard 2 1 3 — LOAN AND AGENCY— Goldsljrough, Mort 211 9 2 12 3 National Jiortgage 3 1(> 6 3 17 0 SHIPPING— Huddart-Parker 2 2 6 2 2 9 FRlMEN HEAT— iN.Z. Reirig. (P ! "<i) •• 0 18 9 0 19 6 N.Z. Hcfrig. (cont.) .. 0 9 1 0 0 5 WOOLLENS— _ Kaiapoi (ord.) '— 0 19 0 Auiapoi (pref.) — 0 19 e GAS— . Christclmrch ... 7 15 0 8 0 0 BREWERIES— 1 18 0 2 0 0 Manning 1 a 9 1 9 2 New Zealand ' — 1 3 6 AVard 2 3 0 — CEMENTS— Wilson's .. ... 1 9 4' .1 9 9 TIMBER— Kauri .. . .. 1 8 9 1 9 6 MISCELLANEOUS— Beath and Co. 1 11 0 1 13 0 Beath, Schiess 0 11 6 0 12 6 Burns, Philp — 1 14 0 Struthers (14s. paid) • ... ... 0 15 9 0 16 3 Mason, Struthers (6s paid) 0 6 9 0 7 3 Mason, Struthers (4s piid) 0 4 4 0 4 8 N.Z. Farmers' Co-op. (£2 paid) 0 S 0 0 7 6 N.Z. Farmers, Co-op. (6 per cent. pref. re • div. only) ■ a 10 0 N.Z. Farmers' Co-op. (6J per cent. Stock, 1930) 7-1 0 0 — N.Z. Farmers' Co-op. (64 per cent.' Stock, 1985)" 70 .0 0 — N.Z. : Milk Pro-Riots .. 1 4 6 ■ — N.Z. Paper Mills 1 . 2 0 — N.Z. Stigar of Milk .. 1 8 0 — Wbitcombe and Tombs . — 3 13 6 MIING— Mt. Lyell (ex rights) .. — 1 2 0