COMMERCIAL ITEMS

Dominion, Volume 16, Issue 119, 5 February 1923, Page 10

COMMERCIAL ITEMS

WELLINGTON STOCK EXCHANGE SATURDAY’S BUSINESS AND PRICES There were no transactions recorded at Saturday’s meeting of the Stock Exchange, and during the week only nine sales were registered, as compared with five in the previous week. For the 41 per cent, stocks and bonds 1939. buyers offered £97. and for the 4.J per pent. buyers offered 2s. 6d.

| more than on Friday, at £97 2s. 6d. | The quotations for other gilt-edged securities were unchanged. Bank shares were firm. Commercial Bank shares wore unchanged at 335. and £6 10s. for the respective issues. Bank of Now South Wales shares were 2s. 6d. higher with buyers at £37. Less than a month ago Bank of New South Wales shares were quoted at £35 2s. 6d. Union Bank shares advanced another shilling to £l3 14s. Bank of New Zealand shares were on sale at £2 17s. 9d., and National Bank shares at £6 Bs. 6(1. Abraham and Williams ordinary shares were firm at £4, and there were buyers of Goldsbrough, Mort and Co.’s shares at £2 ss. 6d., and Wellington Trust and Loan shares at £5 10s., and the Wellington Gas shares were, steady. Gisborne Gas shares were in demand at 12s. 3d., Napier Gas shares (£10) at £lO 10s., cum dividend, and Wellington Gas shares (£10), at £ll 65., cum dividend. Insurance shares were quiet and prices unchanged. Meat shares were quiet, and so also were transport shares. Woollen shares were steady. For Wellington "Woollen preference shares buyers offered £8 12s. 6d. Hikurangi and Taupiri- coal shares were, unchanged. Timber shares were in strong demand, Lcy-land-O’Brien shares were at 355., and Taringamutu Totara shares at 30s. 6d. Crown Brewery shares were firm at” 395., Howard Smith shares were slightly easier at £2 10s. 3d. Other miscellaneous shares were unchanged. Saturday’s buying and selling quotations were as under:—

"stock exchange business JANUARY COURSE OF SALES The Wellington Stock Exchange reopened on January 18, a.nd there was another holiday during the month, but notwithstanding this 32 sales were recorded. Gilt-edged securities were not go firm or in such keen demand as they were at periods last year, probably because the prices have reached a high level. The 5} per cents, 1933, are well beyond par, and money is worth more than 5} per cent. Bank shares have been very firm during the month, and the same may be said of insurance shares. Gas shares have hardened considerably, and most gas shares are row at a premium. Shipping shares have been very firm, notwithstanding the strike of seamen and firemen. T’mber shares have been very firm, but little business has been done in them owing to holders being rehmt-nt to sell. Genl shores have been firm, with a rising tendency. In H].«» section there, has been fair trading, a feature of the month being the strong upward movement in brewerv shares. The course of sales during the past month was as follows;— 4J per cent. Inscribed Stock, 1938, £96 155., £97 55., £97. 5) per cent. Inscribed Stock, 1933. C1 51 per cent. TTar Bonds. 1933, £IJY> per cent. P.O. War Bonds, 1927, £96 12s. 6d. National Bank. £6 75., ~6 _s. Bank of Nqw Zealand, £2 l<s. 6d., po 17s 6d. TTn’on Bank. £l3 165.. £H 2s. 6d. Wellington Deposit. 9s. 6d. Wellington Gas debentures, £lO5. £1.05 10s. . Wellington Gas fractions, os. 3d. New Zealand Insurance, 28s. Gd. Union Stenm (preference) I_9s. 6d. N Z Refrigerating: (I Os.), IO 5 ;. 3d. Kaienoi Woollen (ordinary), 25s Wellington Woollen (preference), £8 Los Colonial Sugar (Australian register), £35 2s. Gd. Crown Brewerv, £2. - Manning and Co. (brewery), £4 ns. W"rd and Co. (brewery) £1 6s. 9d. Wi’r.on’s Cement, 225. 6d., 1.35., 235. t)d.. 235. 3d., 23’. Eastlwirie Borough debentuies, £lO5, £195.

new companies Tim “Mercantile Ge-.ette” reports registration of the following; new com--1”do Yuxe Theatre Co.. EM., private compriv. Cipitnl ; £50.000. into 000 shares of £1 each. Subscribers: Mas-teHon-W. B. Kmnhnll, 16.666. WeJ- ,: ngt<\-> W. ir ?/oCnhc. 16.666: V. Jensen, 16,668. Objects: Carrv on i. Maness as motion picture proprietors, film hirers, manufacturers, mid importer- of films, managers and caterers for public entertainments mid oenor?-! inc’dental. Mpchfliiical Field Gamps Co., Ltd., Wellington. Cap’tnl: £lO,OOO into 20.000^ih’res of 10s. each. Snhscr’l'- • MViimton —C. Tnndv, 100 : IT. Stairmanti. 100: C. Hawkins, 100: B. r< T... b’rn. 100: F. J. M'-Gomisk'-. 1 : C. F. StowarE 1: F. B. Waters. 1. Msngatainoka—F,. B- Roberts. 100. Objects: To require from Charles Tandy, of Wellington, mechanical expert,' h ; s right, title, and interest ;n -> certain invention known as “Fqtialet,” to exploit and develop such invention hv any means whatsoever and general incidental.

CUSTOMS DUTY RETURNS FOR TEN MONTHS The Customs revenue collected at the port of Wellington last month amounted to £184,636, as against £108.732 in January, 1922, an increase of £75,904, equal to about 42 per cent. Tho Customs revenue collected at Wellington during each of tho ten months of '’the financial year compare with those for the corresponding months of

1,372.899 1,233,50? There is an increase for the ten months of £139,395, equal to a little over 11 per cent. The beer duty collected in Wellington last month amounted to £6098, as against £5789 in January, 1922, showing the small increase of £309.

CUSTOMS REVENUE. " Customs revenue collected at thr, port of Wellington on Saturday morning totalled £2155. LONDON MARKET REPORTS. (Rec. February 4, 5.5 pjn.) London, February S 3. Cotton. —The Liverpool quotation for American middling Upland cotton, March delivery, is 15.03 d. per lb. Rubber. —Fine hard Para, 17,d. per lb. : plantation, first latex crepe, 17Jd.; smoked ribbed sheet, 17(<L

Jute. —Native first marks, JanuaryFebruary shipment, £3l 10s. per ton. New Zealand Hemp.—JanuaryMarch shipment, £33 per ton. Copra.—South Sea, bagged, Febru-arv-March shipment. £24 ss. per ton. Linseed oil. £39 15s. per ton, equal to 3s. 21-d. per gallon. Turpentine—lo4s. per cwt., equal to 7s. 10jd. per gallon. STOCKS OF TIN. (Rec. February 4, 5.5 p.m.) London, February 8. Tin stocks total. 22.598 tons. On spot. 2013 tons; afloat, 630 tons: deliveries during January' totalled 2242 tons. MINING NEWS WELLINGTON SHARE MARKET The following quotation’s were recorded in the mining market on Saturday:— Buvers. bellcrs. £ 3. d. £ s. d. Waihi 1 11 9 — Waihi Grand Junction 0 9 0 — LONDON QUOTATIONS. (Rec. February 4, 5.5 p.m.) London, February 2. Latest Stock Exchange quotations include: AVaihi, buyers 80s. 3d., sellers '3ls. 4d.: Grand-Junction. Bs. 9d.

Lions werv Ub uuuw . Buyers. £ a. d. Sellers. £ 8. d. WAR LOANS43>d .c. Insc. Stock, 1939 97 0 0 — D.o. Insc- Stock, 1938 97 2 6 —• 51 d.c. Lose. Stock. 1933 •— ICO 15 0 41 p.c. War Bonds. 1939 97 0 0 — 41 n.e. War Bonds. 1938 97 2 6 — 5A n.c. War Bonds, 1933 ICO 7 6 —— 5 o.c. P.O. Bonds, 1927 97 0 0 5 o-c. P.O. Ina. Stk , 192 7 97 0 0 — BANKS— Commercial 'ord.) 1 13 0 —- Ditto (pref.) 6 10 0 — 6 8 6 N.S. Wales (c.d.) 37 0 0 — ■ — 2 17 9 Vnion (x-d.) 1314 a 13 17 6 Fl NANCIAL— Abraham and Williams 4 0 0 Goldsbrouah Mort 2 5 6 2 6 6 Well. Investment 0 9 3 — Well. Trust. Loan (x-d.) i 1C 0 — GASChristchurch (c.d.) 8 10 0 Gisborne n 12 3 • — Napiej. c.d. £10) 10 10 0 —• Ditto, c.d. (£5) .Z 5 7 6 Wellington, c.d. (£10) 11 6 0 Ditto, c.d. (pref.) ... 0 16 0 —■ 'Ditto (debentures) ... 1 05 0 0 106 0 0 Ditto (fractions) 0 5 5 —— INSURANCENew Zealand (c.d.) ... 18 4 18 9 1 18 t HEAT BREEZINGN.Z. Refrig., c.d. (10s.) 0 13 9 0 15 0 Gear 1 18- 6 — TRANSPORT— Huddurt-Parker (ord.) 2 14 6 —» Ditto (pref.) 10 0 — Union Steam (pref.) ... 0 19 6 10 0 WOOLLENKalapoi (contrib.) 0 12 9 —- Wellington (pref.) 8 12 6 COAL— Flikurangi, x-d. (pref.) 0 12 6 Taupiri (ord.) 0 19 6 — Westport —— 1 16 0 TIMBER— Leyland-O’Brien 1 15 0 — Taringamutu I 1 10 6 — M ISOEtLANEOUS— C. M. Banks (ord.) ... 1 2 6 —« Crown Brewery (x-d.).., 1 19 0 —— Dental and Medical ... —— 1 3 0 Glaxo (debentures) .... — 97 0 0 Horrard-Smith. 2 10 3 2 12 6 13 6 fcharland and Co. (ord. and pref.) — 12 3 Wairarapa, Farmers* 0 17 3 Ward and Co 16 3 Whitcomb© and Tombs 3 9 0 — Wilson’s Cement 12 9 13 3

last year as un< ter 1922-23. £ 1921-22. £ ... 103.666 170.674 May ... 119,979 111,73'' Juno ... 113,273 105,695 July ... 102,971 79,604 August ... 162,943 107,678 September ... 128,099 207,704 October ... 169,326 137.895 November ... 133,375 90,994 December ... 164,631 112.796 January ... 184,636 108,732