CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXI, Issue 18545, 21 November 1925, Page 12

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS. bales lienortca —Lank ot Australasia, £H ; Ban*: oi }<ew Zealand. 37a Wards Brewerr, <?5; Staples Brewery, Us 6d; Klectro. Zinc (pref.\ r>3s od, S3b Sd Sales on 'Change—Whitcombe and Tombs. fc'OaStaples Bre\vcr r , 41s cd 4*3 Sd> Xew Zealand Breweries, oSs (1). 58s 2d; 3"icctro. Zinc (prcf.), 33s 5d *,-)• LATEST QUOTATIONS.

OTHER EXCHANGES. * ] (PBESS 'ASSOCIATION TEIJBGaAMa.) AUCKLAND, November 20. Sales—Northern Steamship, 15s 9d; New Zealand Breweries, 58s, 57a 9d; Staples Breweries,' 44s 9d, 44s Gd; New Zealand and Malay Rubber, 40s; • X&warau, 7b 9d. DUNEDIN, November 20. Sales—Kawarau, 7s 9d (three), 7a 8d (two), 7s 7d (two); Weatport Coal, 325. Salo reported—New Zealand Guarantee Corpn., 10s. , EXPORT OP MEAT. FIGURES FOR SEASON. The New Zealand Meat Producers' Board reports tho following shipments of frozen meat from New Zealand:— Beef Mutton Lamb Qts. C'cs. C'cs.

FEILDUSTG STOCK SALE. (PBBSS ASSOCIATION TELKGKJJt.) , , FEILDING,' November 20. ' At the Feilding sale to-day, a email yarding of both' fat and store shaep was oficred ancl mot a very poor demand. A few pens i of fats sold under the hammer at prices ■well below last Week's. Practically the .entire yar3ing of store eheep was passed in, the few pens sold being very small lin«s. Fat Down shorn two-toot£i .wethers made 28b to 29a 3d, fat shorn ewea, 21s 6d to 28b 6d;, fat shorn wethers, 34s 9d. A line of shorn Down hoggets made 26s 9a. . Good, olaas shorn twotooth ewee were , passed at 206, and others at 25s- and 27a. Shorn two-tooth wethers were passed at 33s to 26s 6d. Woolly ewes, with 100 per cent. Down lambs, were passed at £5 9s 6d. A small entry o£ fat cattle, all females, met with a fair' demand, but prices were lower. Extra prime cows made £l2 2b fid, prime £9 fis to £lO, and good fat Jersey cows £6 17s 6d 'lo £7 9s. Some, prime maiden heifers were passed in at £lO 6a. A very heavy yarding oi well-bred store cattle was offered. All descriptions met with a very dragging salci,' a> large proportion being passed in. Those vendoie who decided to meet the market had to accept disappointing pritpa when compared with those paid a. month ago. Some! ! sales of one and two-year-old Polled Angus stews m»do £4 18a 6d, good two-year--1 old Hereford steers £5-15 ato ■£6 sa,' good two-year Polled Angus-Hereford cross heifeta ' £4 Bs, good two-year-old. Policd Angus steers ±6 ss, three-year-old .in fair ' condition £7 I I3s to £8 2s; three and four-yeajr-old Polled Angus-Hereford' croea steeis £8 14s, four-year-old Hereford bullocks £8 7s 6d, and forward bullocks £9 12s. LEESTON STOCK SALE, Entries for the stock sale at Leeston yesterday conprised Beveral small lines of sheep, 70 fat pigs, 177 store piga, and 69 head of cattlo. There 'Was a good attendance. Both fat and store sheep met with a good sale, anything in the fat cattle line met with a brisk demand, while fat pigs brought prices on a par with those ruling at the previous sale. Store pigs met with a very keen enquiry, and exceptionally good prices throughout, quite oat of proportion to the prices paid for fats. A fairly plentiful supply of milk was the reason for the advance. Anything of good quality in the cattle pens'sold fairly well. | The sheep sales included:—lß fat wethers lat 38s, 36 at 36s 3d, 44 l at 36s 3d, 10 fat ! ewes at 22s 6d, 3 hogfets at 355, 10 fat ewes 132 a 3d, sat 80s, 4at 23s 6d, 8 ewes and j wethers 29s 10d, 3 hoggets 355, 125 ewes and lambs 21« Bd, 43 ewes and 42 lambs 245, 19 ewes and 24 lambs 22s 3d, 19 ewes and 24 lambs 22s 3d, 55 ewes and 48 lambs 21s 10d, 7 fat ewes 345. Top price for bacon piga went to Mr W. .Hampton (Bolwyn), whose entry made £5 19s <>d. Other baeoners realised £4 to £5 lis 6d, poTkers £2 16s 6d to £3 17s 6d, large stores 40s to 525, medium from 33s 6d, small from 255. fnVniT £I S 5a > fa * heifer £7 15s, £3 to £™9s 7earlw ff s £ 3 18s to £5, bulls INSURANCE REBATES. Commission on insurance obtained is paid ostensibly to the' getter of business. Occasionally, perhaps more often than would be covered by the word "occasionally," it is paid to the insnred, and it is then virtually rebate on his premium. I n that way does I "V 1 radar the insurCo »Pl»wt of the evils of obtaining business on these lines is made in Australia. It is well known in Great Britain, and a correspondent of a British insurance journal, suggests that, instead of giving a lo per cent, discount on the premiums j ln v t ff nr \ nees ' companies concerned would do better by cutting out all eomrnissione ana reducing premiums 5 or 10 per cent. The payment of commissions on such a basis, he declares, has had a great deal to do with the lowering of the status of the insurance business to-day. Another correspondent, in reply, doubted the efficacy of the remedy proposed. He pointed out that as; long as the curious anomaly exists of tariff and allied offices competing* one with the other to sell an article at a uniform 1 price, it must follow • that when tho supply exceeds the demand, as it doeß at .present, ; unfair methods will be adopted in order to j secure an advantage. In theory, commis- j sion is still payable only, to those who make j the procuration of business their means of I livelihood; in practice, it is often made a j backstairs and unworthy trick to reduce premiums that are supposed to be protected by tariff regulations." It was losses caused to. somo companies by such procedure that led to the proposal in Australia a few months • ago to • increase premium rates, a proposal which was effectively negatived when its fuJl import became apparent.

TE AWAMUTU DAIRY CO. a Tho directors of the To Co- J , • T) a ;rv Company, Ltd., decided to ° operative Dairy November butter-fat c XJLber 90th) atleaM leSdper « cash This payment mJ be free "f «ll . for carUgo and share capital. 1 It iTstated that this _is a record («mm » for first-rade creftm for November butter- . fat SpScd ior butter gutfufactare. t BEILLY'S (DUNEDIN) tele, e GRAPHED MARKET REPORT- » Growers should farwaid «11 produce. Goods I ~%Z° Vsvangu* realised 6s, 12s 6d; cucum- b hum 8s 16s; cabbages, 6s 6d, 8s 6d; e»nli- p 7» 12s 6dTle«Me, U 6d 3s 6d; £ Is BJd dozen; cherries, 3s 9d; torn*- t, SS?' "S 4 2S potatoes, 3d, 41d; 1< _ ' "gifl '7ld; gooseberries, sid, 7d; rhu- i n barb 4d; ' str»wberri«,' 3s 3d, 3a Sd pottra. I p —o I n

List Buyers. Week. Sellers. Lcat Year. Buyer*. Sellers. £ » d £ B d £ s d £ • d N.Z. GOVT. DEBENTURES-* 4-_; per cent. Bonds, 1930 .. .. 4£ ' per cent. Bonds, 19!>S .. •IS por cent. Bonds, 1939 .. .. oi per cent. Insciibed, 19336 per cent. Inscribed, 1927 OTJIEili DEBENTURES— ChristchurcK Tramways, G.} per cent., 194 ,X.Z. B reveries, Bonds Glaxo, 6i per cent., 1945 BANKS— Australian Bank of Commerce Australasia Commercial of Australia. Commercial of Australia. (pref.) K.S. and A. <cum dir.') National of Australasia (£10 pd. cum div.; National of Australasia (£5 pd. cum dir.) National of New Zealand New Zealand P. and 0. Bank Royal (£1 paid) Union of Australia .. ■ • Western Australian INSURANCE--New Zealand .. •• • • Queensland South British. Standard LOAN AND AGENCr— Dalgety and Co. (ex div.) Goldsb/ough, Jitort . • (toldsbrough, Mort (rx^v) N.Z. Loan and Merc. (Ord. 9tk., cum div.) N.Z. and River Plate Permanent Investment Mutual Benefit .. .. .. * Christchurch Building SBIPPINGHoward, Smith .. .. .. Huddart-Parker • • • • • • • • Huddart-Parker (pref.) New Zealand (pref.) .. P. and 0. Deferred (euro, div.) .. Union (prof.) •• •• •• FROZEN MEAT— Canterbury (pref.) Gear •• •• N.Z. Pxfrig. (paid) ... ... N.Z. Ilefrig. tconij:.) WOOLLENS— Kaiapoi (pai<l I Kaiapoi (pref.) .. .. .. ... COAL — Stockton (ord.', • • Stockton (pref.) GASChristehurch. .. • • • • • • Ximwu BREWERIES—. Manning .. New Zealand .. -» Staples Timavu •• •• •• . Ward " CEMENTS— Wilson's (cum. div.) TIMBER— Leyland, O'Brien (cum div.) .. .. MISCELLANEOUS— Beath and Co. .. . • 1 Beath, Schiess .. British Tobacco .. .. .. Electro. Zinc (pref.) .. .. •> Electro. Zinc (.deierred.) .. Mason, Struthera (£1 paid) .. Mason, Struthers (Mo paid) Mason, Struthers (lOs paid) .. .. N.Z. Drug Co. .. .. .. N.Z. .Farmers' ■ Co-op. (£3- paid) .. N.Z. Farmers' Co-op. (6J- per cent, stook, 1935) N.Z. Guarantee Corporation N;z. Milk ■ Products WTiitcom.be and Tomb? Weeks, I/td. (.£2 10b paid) MINING— Blacks Gold «■ •• Mt. Lyell (cum div.) .. .. i.. St. Bathans .. «• «• 06 12 — 96 10 — 96 15 — 100 0 100 10 97 10 0 1 5 &5 0 0 80 0 10 0 11! 13 10 OHO — .1 11 7 0 7 1-2 C 17 o 8 13 6 S 16 « US 6 17 2 17 0 2 17 0 12 1 It 6 1 36 — 15 0 2 13 0 1 16 (j — 2 33 2 10 0 . 2 6 6 — — 16 0 ■2- 7 0 '2 7 2 6 93 10 0 1 29 5 0 — 11 3 6 — 11 5 0 11 12 1 1-2 G — 2 3 6 — 10 3 1*1 8 15 0 — 250 0 0 265 0 10 5 — 5 2 6 5 7 2 0 0 1G 10 0 17 t> 7 31 0 8 0 8 5 — 0 9.4 .0 12 0 10 — 0 a 0 0 5 7 10 0 7 3.1 — 7 10 1 16 0 1 18 2 18.0 2 18 2 4 0 2 4 0 17 0 3 17 0 3 19 1116 — 2 18 6 — 3 32 0 1 12 0 10 9 0 11 2 3 0 2 4. 1 3.3 4 1 13 1 12 0 1 33 — • 1 3 0 U 3 0 15 0 10 ■ 3 0 11 3 6 6 3 7 — .2 85 0 0 • 87 10 0 9 10 0 10 1 10 3 — 3 8 6 3 9 — 6 0 . — 0 5 ■ prem 1 4 9 i 5 0 10.0 -Tprem. 6 0 0 0 00 0 0 (.' 0 0 0 0 6 6 0 0 0 0 n 3 3 6 0 0 6 0 2 3 00 9 0 9 H 6 6 6 6 9 8 0 0 0 0 6 6 0 1. 8 0 0 3 97 10 0 101 7 6 101 10 0 — 98 10 0 12 0 — 13 1 0 15 10 6 — — 3 04 I 13 0 13 34 0 .13 17 6 1*96 — 2 2i C — 3 7 9 2 8 6 2 7 0 2 7 3 93 0 0 — — 1 14 0 1 0 0 j — 12 0 13 0 0 11 10 0 12 .0 — 0 15 0 0 3 6 0 5 3 — — 7 16 0 1 13 3 1 14 3 2 10 6 — 19 6 — 1 11 • 3 • ; 1 11 6 17 3 1 7 10 14 0 15 0 —" 0 16 0 — 0 11 3 1 . ! 6 —

1921— -November 9,804 107,925 19,716 London November 3,705 2,456 7,478-W.C.U.K. December 11,576 142,056 204,746 London. December 25,256 — — Genoa 1926— January 7,480 108,173 380,326 London February 6,745 216,189 473,227 London February 5,932 73,924 231,367 W.C.U.K. February 5,199 — — Hamburg March 27,896 209,102 373,425 London March 4,133 — — Hamburg April 26,035 159,456 617,518 London April 14;36t 49,277 205,070 W.C.U.K. April 3,106 — — Hamburg May 19,487 198,146 837,769 London May 10,359 6,114 67,820 W.C.U.K. May47,324 — — Geijoa June 3,312 99,134 357,462 London Juno 30,345 41,387 121,141 W.C.U.K. July 11,005 142,441 256,375 London July 1,855 4,733 90,926 W.C.U.Kt August 8,142 178,692 183.693 London August 13,004 Nil. 44,001 39,892 W.C.U.K. September Nil. Nil. October 14,727 199,081 128,088 London — 11,551 W.C.U.K. October 6,217 Total 116,211 1, "00,395 3,832,345 London to Oct,. 85,782 221,902 775,245 W^C.U.K. 3l8t, 72,580 — — Genoa 1025 12,438 — — Hamburg Killings at ail works during the 1921-25 season were: — North. South, Island. Island. Beef (Quarters) , 445,834 12,715 Wether mutton (cci.) -- 1,121,866 149,355 Ewe mutton (e'es.) Lamb (e'es.) Pork {e'es.) Boneless beef (frt. Sundries (frt. c'cs. ; .. ' 659,116 283,926 .... 2,044,307 2,705,857 35,286 467 e'es.) 204,934 68,804 43,859 11,072 Stocks on hand in stores in New Zealand at October 31st «eie:Island. Island. Beef (quarters) ... J»gg Wether mutton (ccs.) .. " 1,706 15,340 Ewe mutton (ccs.) .. ago. Lamb (c. 8) •• 9 > («. ••«'.) «,y, =*.«; Sundries <M. e'ea.) I'J'S «* of frozen meat loaded into steamers not departed from New Zealand as at Octobcr 31st were:— 1905. 1924. Serf (,«•*»> •• gg "•""XTo'S-r'iK