CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXI, Issue 18569, 19 December 1925, Page 14

CHRISTCHURCH STOCK EXCHANGE.

OTHER EXCHANGES. ! (PKESS ASBOCIATIOir TKM<»AIM.) AUCKLAND, December 18. Sales—Union Bank of Australia, £l4 19s; South British Insurance, 535; Taupiri Goal, M? Auckland Gas 28, 3d; Kauri Timber 32s New Zealand Refrigerating (con.), 7s, KawwauT 6s 3d, 6s 4d, 0s 5d (two» saes). 6s7d; Nonpareil, Old; Waihl, 23s 6d (two sales). WELLINGTON, December 18. Sales—National Bank of New Zealand £6 18s- Kawarau 6s; Natibnal Insurance id 18s; New Zealand Kefrigeratinc 7s. DUNEDIN, December 18. Sales—Dominion Rubber, 61s; New Zealand Breweries, 59s 9d. „,. . . A „. Reported Sales—Black's Goldmrarag, 4s 3d (prem.). ■ LONDON MARKETS. (BT CABLB—-PHESS ASSOCIATION—COPTEIGHT.) (AUSTRALIAN AND N.Z. CABLE ASSOCIATION.) LONDON, December 17. Flour —The market is slow. Australian, ex store, 47s 6d per cwt. The markets for oats, peas, and beans are quiet, and prices are unchanged. LEESTON STOCK SALE. Yesterday was an off day bo far as tho Lecstem stock sale was concerned. With the exception of store pigs, which mot with a brisk demand from dairy farmers, tho enquiry for stock showed a marked weakening, due in some measure, no doubt, to the holidays being so close at hand. Besides a few email lots of sheep, there were 39 fat pigs, 164 stores, and 14 head of cattle. The sheep 'sales included G ewes at 19s 6d and 22 wethers at 265. Top price for bacon went to Mr E. Chamberlain (Elleomere), who sold one at £5 7s 6d, whilo Mr Hamilton Winchester sold six at £5 0s 6d> Other (baconera made 74s I 6d to 93a fid, porkers from 43s 6d, choppers 50s to Ms, large stores 36s to 665, small from 225, weanere from 14s, bow in pig £5. The prices paid for stores were quite out of proportion to those obtained for fats. Fat heifers made £6 Ss to £6- 10s, a fat cow £9, etore cow £2 10s, yearlings £3 2a. REVALUED FARM. A revalued farm, consisting' of 67J acres, tlxz-ee-<2txartors of a mile from Ashley, was sold at the upset price of £3200 to Mr HeRae, of Canterbury, by Mr G. H. Bullard, Commissioner of Crown Lands, at the Lands and Survey Office yesterday. The farm is Buitabls for dairying and cropping. PROPERTY SALES. - Messrs Jones, McCrostio Co., Ltd., sold by public auction yesterday, at Darfield, on account of the trustees in the estate of the late Mrs A. M. Walsh, quarter-acre of land and cottage thereon, situate Railway terrace and corner of Le Fleming 6treet, Darfeld, | to Mr Rao, far £l7O. , | The City lifjurket reports having held an auction sale, account Mr Charles George Baker, Esq., of 13 building sections, situated Travels road, Burwood; also, building section situated. ABhmorn street, Rndley, and building section situated Kichaidson terrace, Opawa. The following lots were die- ! posed of: —Burwood section: Lot 8, £4O, to j Mr G. Haffenden; lot 9, .£4O, to Mr G. Haffenden; lot 11, £<o, to Mr J. Msrtain; lot 14 £35, to Mrs J. Martain; lot 15. £35, to Mr J. Martain; lot 16, £33. to Mr J. H. Cole. The section at Radlny, at £l2O, to I Mr E. J. Gallof. Tho Bcction at Opawa, £157 10s, to Mr A. J. Coventry. TINPLATE CONTROL. Packers will be interested in an arrangement entered into by tinplate and steel-bar manufacturers of Swansea, who have formulated, and will bring into force at toe beginning of 1928, a plon under which orders will be pooled, so as to bring the output into keeping wtth demand. Makers complain that prices are low because supplies are excessive, i »nd have brought about undue competition, .ales being made at a loss. Under ing scheme each factory will be allotted its <rS>t» of trade, and an agreemsnt has been come to by which all works producing above their quota will contribute towards the pool so much per box, while those works producing below Qieir quota will wcerve a contribution of » ameUer amount per box. A guarantee fund of £IOO per mill will be SaWkshed ihrooghccrfc the.taade. Stocks it, th, dock wm»h«»« at S*"»£j£* n Jg mail left w«* Doxaa, eatrmbim with 2SMM ta» * ■"■» ••**■

BANK OF NEW SOUTH WALES. I . : For the first, tima in its history of 108 years the Bank of New South Wales has presented an annual report. Hitherto the reports presented have been half-yearly. The year covered is to September 30th last, and a profit of £979,383 is shown, which ia the largest in tho history of the Bank, and compares with £846,835 in the previous year, £825,081 in 1923, and £652,881 in 1920. This bank pays dividends quarterly, and three quarterly dividends, at the rate of 10 per cent, per annum, have been paid throughout the year, and with the final quarterly dividend now payable the amount of ' the dividends totals £600,000; the shareholders receive in addition a bonus of 10a per share, equal to 1\ per cent., and absorbing £150,000. The reserve fund has been ancreaeed by £250,000, and now stands at £4,400,000, and £130,755 is carried forward. The note circulation stands at £585,020, as compared with £481,090, the increase being accounted for by an. addition of £54,000' to the note circulation in New Zealand. The deposits totallod £57,070,095, as compared with £52,396,570 in the previous year. The advances amounted to £42,676,111, against £48,208,816.

SOUTH AMERICAN MEAT. The Now Zoalantl s Meat Producers' Board has received a cablogram from its representative at Buenos Ayroß, South America, advising the following shipments to the United Kingdom for the fortnight ended November ,2Gth, 1925, from Argentine and Uruguay:— 257,875 quarters chilled beef, 6000 quarters frozen beef, 84,572 carcases frozen mutton, 119,050 carcases frozen lamb. The quantity shipped to the Continent of Europe during the same period totalled:— 1880 quarters chilled beef, 142,800 quarters frozen beef, 7937 carcases frozen mutton, 3950 carcases frozen lamb. LONDON WOOL SALES. Pyne, Gould, Guinness, Ltd., have re-cei-ved cablegrams from London giving tha following closing rates of the London November Bales:—Merino la' 7d, 2s Id; 56-58 Is 7d, Is OJd; 60-56 Is sd, Is Bid; 48-50 Is Sd, Is 6id; 46-48 Is 2id, Is 4Jd; 44-46 Is 2d, ls'4d; 40-44 Is Id, Is 3d. The first price in each instance is for good average wools, and the second for superior qualities. WHEAT. LONDON, December 17. Cargoes aro inactive, and prices are unchanged. - Parcels—There is steady, quiet buainess doing in Manitobae at 3d down. _ Liverpool futures are quoted: December, 12? 9d; March, 12a 2£d; May sellers, 11* 9Jd; July, lis 6id per cental. The spot trade ia quiet, and pncee oocaeionally are lower. (Received December 18th, 5.5 p.m.) NEW YORK, December 11. Chicago "Wheat—December (new), 174 cents; (old), 171 i cents; May (new), 1681 cents; (old), 1661 cents; July, 146J cents per bushel. ' DAIRY PRODUCE. (Received December 18th, 10.50 p.m.) LONDON, Butter is very dull, and orices are lower following upon the decline in Danish to 378s on the cessation of American enquiry. Nominal quotations are: New Zealand choicest sa'.ted, 172s to 1765; Australian, IH6* to 170s per cwt. Cheese is slow; New Zealand 105s to io6s cwt. The New Zealand Loan and Mercantile Agency Co., Ltd., have received tho following cabled advice - from London:—Butter, choicest: New Zealand 174s to 176« per cwt; Australian 170s per cwt; Danish 186s per owt. Cheese: 1048 per cwt. Market slow. AUSTRALIAN MARKETS. MELBOURNE, December U. Tor" wheat shippers offer 6a l}d to Ca ljd on truck at Williaxnstown. Trade quotations aro: Wheat—6s 2d to 6s 84. Oats—Milling, 3s lOd to 4s. Barley—Malting (English), 4e Pd to 4s 9d. Onions—£9 10s. ADELAIDE, December IP. The wool sales dosed with good competition and clearances. The marset for best fleeces was 5 per cent, and ordinary topmaking lines were 2| pear cent, iox-er than at previous salsa. Pieces. &b4 oddments w* .nnarUrred.

BANK OF ENGLAND RETURNS. (sr c*mr»—raass association— corouoHT.'j (iCSTKALIAH ISO ».I. CkJOM ASiOCUTIOH.) LONDON, December 17. Followinf ar* tho B«nk of BnfUnd r«turns for the week ended Wedneadsy:— Issue Department, Note circuletion .. .. 144,153,000 Notes in reaerve .. .. 18,544,000 ToUl .. ' •• 183,697,000 GoTernment Debt .. .. 11,015,000 Other Securities .. .. 8,785,000 Gold coin end bullion .. 140,947,000 Total .. .. 103,697,000 Banking Department. Proprietors' capital .. 14,653,000 Rest .. .. ■• 3,825,000 Public Deposits .. .. 10.719.000 Other deposits . . •• 118,295,000 Seven-day and other bills .. ' 2.000 Total .. •• 146,894,000 Government securities .. 48,308,000 Other securities .. • • 78,137,000 Notes reserve .. • • 18,544,000 Gold reserve .. •- 1.855,000 Total .. 14G,894,000 Proportion of reserve to liabilities 15.80 Short loans are quoted at 4} per cent., three month bills at 4i per cent. GOVERNMENT SECURITIES.

FOREIGN EXCHANGE RATES. LONDON, December 17. The excliaAge rates aro: Par. Dec. 10. Deo. 17. Paris iz. to £1 - 25.22J '128.36 133.43 Brussels, h. to £1 .. 25.22* 107 106.95 Oslo kr. to XI .. 18.159 23.81 23.92 Copenhagen, kr. to £1 18.159 19.45 19.48 Stockholm, kr, to £1 18.159 18.13 18.12 Berlin, Eeiohmarken to £1 .. .. Montreal, dol. to £1 4.862 4.85 3-16 4.85J New York, dol. to -JBI 4.86J 4.85J 4.85 8-16 Borne, lire to £1 .. 25.22 i 120.43 120.25 Yokohama, at. to yen 2.58 316-16 21| Calcutta, fit. to rpe. 10 to gold £ 18 3-16 18 8-16 Hong Kong, at. to dol. "28 5-16 281 Amsterdam, fl. ':.. 12.107 d 12.07 12.0 i Batavia .. - H. 9« • Governed by price of silver. SHARES. LONDON, December 17. (Keceived December 18th, 10.60 p.au) P. and O. Deferred Stock, £238. BRISBANE WOOL SALES. BRISBANE, December 18. The final eeries of wool eales for the $•« cloaed with' good competition, b'it neavy withdrawals. The market oloeed at from 10 per cant, to 15 per cent, below the November sales. "

YESTERDAY'S TRANSACTIONS, Sales Reported—Dominic >n Rubber, 62s, 62s 3d; Eleotro. Zinc (pieL), 35s ; (ord.), 31a 6d; Blacks Goldmining, 4s prcm. Saloa on 'Change—Staples Brewery, 41*, 41s 3d; Dominion Rubber, 6Cs. i LATEST QUOTATIONS. * Last Week. I*»* "*•**•. Buyers. Sellen i. Buyers. Sellers. Buyer*, Boilers. £ b d £ a A £ s d £ s d t s d 4 • d N.Z. GOVT. DEBENTURES— 4$ per cent. Inscribed, 103S 96 0 0 06 7 6 96 0 0 96 10 0 97 6 0 97 10 0 4* per cent. Bonds, N 1938 and 1939 — 96 10 0 — — 5 per cent. Inscribed, 1927 97 15 0 97 10 0 — SS 0 0 — 5J j>or cent. Inscribed, 1327-41 — 98 0 0 — 6J per cent. Inscribed, __ 1930 — 99 10 0 — 4i por cent. Inscribed, __ 1944 — 96 10 0 OTHEiR DEBE^'TURES- - 1 5 o 119 N.Z. Breweries. Inscr. — 1 5 0 ~~1 . 1 5 o 116 1 1 10 N.Z. Breweries, Bonds 14 6 — 1 Glaxo, G£ per cent. 1945 83 0 0 — 85 0 0 - — — BANKS— Aust. Bank of Comm. C'omm. of Aust. 19 9 1 13 8 1 10 0 1 13 0 1 11 6 - Comm. of Aust. (new) — 1 13 0 25 5 o 22 12 6 _ Conua. of Sydney 25 15 0 — _ _ E.S. and A. 7 12 6 8 0 u Rational of N.Z. (cum 6 15 6 6 17 6 div.) 6 16 6 6 19 0 41 5 o 40 15 0 41 5 0 Now South "Wales New Zealand •• 42 IB 0 2 16 0 2 16 6 6 2 18 0 2 18 S 17 6 4 3 0 0 6 14 0 3 0 8 7 0 0 Royal (£1 pa-id) Union d Aust. 14 18 6 6 17 14 14 7 10 2 13 0 o 14 19 7 14 0 0 — 14 0 0 Victoria (ord.) Western Australian • - 7 11 0 2 14 0 0 2 14 3 — 2 16 0 Queensland National ■ • 8 IS 0 — INSURANCE— _, National New Zealand ., 3 18 0 1 17 0 3 18 1 17 6 9 8 18 1 17 2 10 0 8 o 3 19 1 18 2 12 0 6 0 1 11 7 1 11 9 Queensland 2 15 o 2 15 0 — — South British — 2 8 g 2 0 6 2 2 8 Standard — — 2 7 0 LOAN AND AGENCYDalsetv and Co. 15 10 0 — 15 10 0 - li 0 0 - Goldsfarough, Mort (ex div.) National Mortgage 2 6 0 2 6 3 16 9 9 2 6 0 2 6 3 17 I 6 6 2 8 9 2 9 6 4 5 0 Permanent Investment — 10 0 0 SHIPPING— Howatd, Smith 1 15 0 2 i 3 1 14 0 1 1G 2 4 0 0 1 14 0 1 15 0 HuddWt-Parker ~ 2 3 6 FROZEN MEAT— Wellington (£5 paid) .. 10 0 1 10 0 17 0 0 16 0 7 ! 9 18 3 13 9 N.Z. Refrig. (paid) .. *; 10 0 7 11 0 12 1 0 12 2 N.Z. Refrig (contr.) ~ 0 7 1 0 7 5 WOOLLENS— 0 7 0 Kaiapoi (17s paid) m — 0 8 10 0 8 0 0 9 0 COAL— Westport —. »-> 1 10 0 1 12 0 1 11 0 1 12 3 GAS— Ashburton .« ~i Christchurch -* —« 7 10 0 4 15 7 12 0 6 4 5 7 10 0 0 S 0 7 11 0 6 7 11 0 7 13 0 BREWERIES— Manning .. —■ New Zealand .— 2 2 0 2 18 6 2 2 3 0 0 2 2 3 0 6 0 2 3 8 0 0 3 1 13 0 1 13 8 Ward ' - Staples ■ ■ — 2 0 0 4 1 2 1 0 3 2 2 a 4 3 2 2 0 € ' ~ - MISCELLANEOUS— Beath and Co. - Burns, Philp 1 11 0 1 17 0 1 12 8 1 11 1 17 0 0 1 12 6 1 10 6 1 14 6 1 11 9 1 15 6 Colonial Sugar 53 0 0 55 0 0 521 0 0 i Dominion Rubber I! 0 6 3 3 6 3 2 6 Electro. Zinc (pre!.) .. 1 12 7 1 13 6 1 12 3 1 13. 0 — Electro. Zino (deferred) 1 11 0 — —•■ 1 12 0 Glenmore Brick 130 1 5 6 "~ Henry Jones 2 2 0 2 3 3 ■ Maaon, Struthers (14e paid) •■ •• 0 14 8 — '■ - 0 16 0 - - Mason, Struthers (10s paid) Merc. Finance (£1 pd.) 0 11 0 0 11 0 0 10 9 0 12 0 0 17 6 1 0 0 • — — — ~ Merc. Finance (5e pd.) N.Z. Guarantee Oorpn. 0 4 0 . 0 4 0 10 6 0 — 0 10 2 ]■ - - N.Z. Milk Products .. — 1 13 6 1 11 0 /N.Z. Paper Mills N.Z. Sugar of Milk .. 17 0 1 1 1 10 6 0 1 6 6 1 10 0 J. 5 3 18 0 N.Z. Malay Rubber (ord.) 2 10 0 a 16 0 f - - — — FINING— ftawarau ~r »■» Mt. Lyell (ex axvj 0 5 10 14 0 0 6 1 4 0 1 3 9 8 0 6 6 0 7 oh 6 3 12 0 Jj 1 6 12 6 0 2 0 Grand Junction — '>"

LONDON, December 17. The following are tho latest quotations for Government securities, compared with the prices ruling on Docembor 3rd: — Dec. 3. Decl 7. £ s. d. £ e. d. Imperial consols, 2| p.c. .. .. 55 10 0 45 10 0 War Loan, 5 p.c, 1989r 47 .. •• 100 7 6 100 5 0 War Loan 8} p.o., 192538 .. .. 97 10 0 97 7 6 Conversion Loan, 81 p.c. .. .. 75 5 0 74 15 9 Commonwealth, 6 p.o., 193141 .. .. 103 10 0 103 15 0 Commonwealth, 6J p.c, 1922-37 .. .. 100 5 0 100 0 0 JNew Zealand, 6 p.c, 1926-51 .. .. 108 15 0 108 15 0 Ifow Zealand, 4 p.c, 1929 .. -.95 12 6 94 17 6 New Zealand, Si p.c, 1940 .. .. 83 15 .0 83 12 6 New Zealand, 3 p.c, 1945 .. ■• 76 12 6 76 7 6 New South Wale», 6J p.c, 1930-40 .. 104 10 0 105 a 6 New South Walel, 6 p.c, 1930-40 .. 102 0 0 102 0 0 New South Wales, 6J p.c, 1922-32 .. 100 7 6 100 7 6 New South Wales, 4 p.o., 1933 .. 90 15 0 90 10 0 New South Wales, 8J p.o., 1930-50 .. 82 10 0 S2 7 6 New South Wales, 3 p.c, 1935 .. 75 10 0 75 0 0 Victoria, 51 p.c, 1930-40 101 7 0 101 2 6 Victoria, 3 p.c,. 1921-26 99 12 6 99 10 0 Victoria, 3i p.c, 1929-40 79 0 0 78 a 6 Victoria, 3J p.c, 1929-49 71 0 0 71 0 0 Queensland, 6 p.c, 193040 .. •• 103 0 0 103 0 0 Queensland, 3& p.c, 1930 .. .. 91 5 0 91 0 0 Queensland, 3 p.c, 1923- , 47 ...... 69 0 0 68 5 0 Sottth Australia, 6J p.c, 1930-40 .. .. 105 0 0 105 0 0 South Australia, 3) p.c, 1939 .. .. 82 15 0 81 15 0 South Australia, 3 p.c, 1916 or after .. 60 5 0 60 0 0 West Australia, 6 p.c, 1930-40 .. .. 101 5 0 101 0 0 West Australia 3J p.c, 1920-35 ..' .. 86 10 0 87 0 0 West Australia, .8 p.c, 1 1915-35 .. .. 84 0 0 84 0 0 Tasmania, 6i p.c, 193040 .. .. 105 10 0 105 12 6 Tasmania, 3J p.o., 192040 . .. .. 82 7 e 63 0 0 Tasmania, 3 p.c, 194040 . „ ■ .- 79 0 0 79 0 0