COMMERCIAL ITEMS

Dominion, Volume 16, Issue 149, 12 March 1923, Page 10

COMMERCIAL ITEMS

WELLINGTON STOCK EXCHANGE SATURDAY’S BUSINESS AND PRICES During the past week 12 sales were recorded on tho Wellington Stock .Exchange, as against 14 in the previous week. Only one sale, that of Y\ ilson s Cement shares at 245. 3d., was recorded on Saturday. All through the week there was a good demand for giltedged securit-es, but the prices offered wore not sufficiently attractive to sellers, and only one sale was recorded. Bank shares have been very quiet, the onlv demand experienced during the week being for National Bank and Union Bank, both of which advanced, the former by Is. Cd., and tho latter by 2s. Bank of New Zealand shares were neglected, and were on sale at £2 175., but bitvers restricted their bids to £2 16s. Del. Towards the week-end Dalgety and Co.’s shares received attention, buyers offering £l2 ss. N.Z. Loan and Mercantile, ordinary stock, which on March 1 were quoted at £B3, are now in good demand at £B5. N.Z. and River Plate shares advanced 9d. during the week to 21 s. 3d. Wellington Trust nnd Loan shares have been in steady demand at £5 14_s., but as a sale was made at £5 15s. the latter may be regarded as the current value. Gas shares have kept firm; holders, however, show no inclination to accept the prices offered, and the chances of business depend upon whether buyers will raise their offers. There been a good steady inquiry for insurance shares, particularly for National, which show a. slight, advance nt £3 155.. and South British have been very firm at 375. 9d., a rise of 6d. during the week. There was a good demand throughout the week for N.Z. Refrigerating and Gear Meat shares, but business has been slow ns holders show no disposition to accept current rates, and Wellington Meat Export shares (£3 12s. 6d. paid) rose 2s. during the week, the buying quotation on Saturday being £3 Is. Hud-dart-l’arker ordinary shares advanced 3s. during the week, tho rise being due to the announcement of the dividend, and the distribution of bonus shares. Woollen shares were quiet all through tho week. Westport Coal shares at 355. show an advance of 9d., and Westport-Stockholm have been in steady demand at 4s. 3d. Glaxo debentures were in good demand at £9l, but sellers are holding out for £95. Manning and Co. brewery shares rose sixpence during the week to £4 125.; National Electric at 21s. 3d., rose 3d. ; N.Z. Drug at £2 18s. 3d., cum dividend, show an advance of 3d. ; and Wilson’s Cement rose Is. 3d. during the week to 245. 3d. Saturday’s buying nnd selling quotations were as under; —

COLONIAL AND OTHER PRODUCE. AUS.-N.Z. CABLE ASSOCIATION. London, March 8. Wheat cargoes’ holders are r.-.ther stiffer, but buyers’ wants are apparently satisfied for the moment. Parcels are quiet but unchanged in price. Flour is dull. Barley is steady. Oats, beans, and blue peas are unchanged. New Zealand maple peas, on spot, 100 s. to 105 s. March-April shipment, 70s. Sugar, granulated, COs. IOJd. per cwt. RISE IN TIN PRICES. (Rec. March 11, 5.5 p.m.) London, March 10. The rise in tin is attributed partly to steady buying by American consumers, partly to the feeling that production is barely sufficient to meet the record demand for tinplates. MELBOURNE PRODUCE MARKET. Melbourno, March 9. Excepting for kips, winch have declined id., the hides market is animated, and values have advanced l-Bd. to Id. per lb. all round. Barley, English, 3s. 6d. to 4s. per bushel; Cape, 3s. to 3s. Id. Oats, 3s. Bd. to 3s. 9d. per bushel. Potatoes, £4 10s. to £5 per ton. Onions, £3 10s. per ton. LONDON MARKETS’ REPORTS. ' (Rec. March 11, 5.5 p.m.) AUS.-N.Z. CABLE ASSOCIATION. • London, March 10. Cotton ■ — Liverpool quotation for American middling upland cotton, April delivery, 16.15 d. per lb. Rubber —Fine hard Para, 16Jd. per \lb. ; plantation first latex crepe, 16jd.; smoked ribbed sheets, 16-Jd. Jute —March-April shipment, £32 15s. per ton. . New Zealand hemp—April-June shipment, £33 per ton. Copra—Marcß-May shipment. £2B per ton. Linseed oil, £4O 10s. per ton. Turpentine, 108 s-. 6d. per cwt. PRICES OF METALS. AUS.-N.Z. CABLE ASSOCIATION. (Rcc. March 11, 5.5 p.m.) London, March 8. Copper —On spot, £72 Bs. 9d. per ton; forward delivery, £73 3s. 9d. • Lead, £29 7s. 6d. and £29 25.. 6d. Spelter,’ £36 12s. (id. and £3G 17s. 6d. Tin £213 17s. 6d. and £214.125. 6d. Bar silver. 31 15-16 d. per ounce standard. EASTERN TELEGRAPH COMPANIES’ DIVIDENDS. London, March 8. The final dividends of the Eastern Telegraph and Eastern Extension Companics were 2) P® 1 ’ froo of tax, making the total dividends for 1922 10 per cent. —Reuter. CUSTOMS REVENUE. Customs revenue collected at the port of Wellington on Saturday totalled £lll9. MINING NEWS WELLINGTON SHARE MARKET The following was the only quotation recorded in the mining market on Saturday: Be]lers £ b. d. £ 9- d. Walhl ~ 196 STOOK EXCHANGE. 3r TELEGRAPH.— PRESS ASSOCIATION Dunea’in, March 11. Sales: National Electric (two). 21s-; Sold<erß’ Bond'i. 1903, £lOO 17c. 6d. Sale reported: Huddart-Parker u»rd.), 59b. sd. WAIIII SHARES. AUS.-N.Z. cable association. (Rec. March 12, 0.35 a.m.) London, March 10. TVaihi shares, buyers 265. 10d., sellers 275. 9d.

Buyers. £ s. d. Sellers. £ s. d. WAR LOANS4J, p.c. Insc. Stock. 1939 97 0 0 4j p.c. Inec. Stock, 1938 97 0 0 — 51 p.c. Insc. Stock. 1933 100 12 6 p.c. War Bonds, 1939 97 0 0 — 4} p.c. War Bonds, 1938 97 0 0 — 4J p.c. War Bonds, 1930 97 0 0 5J p.c. IV nr Bonds, 1933 ICO 17 6 — 5 p.c. P.O. Bonds, 1927 97 7 6 — 5 p.c. P.O. Ins. Stk., 1927 97 7 6 BANKS— National 6 8 0 —. Now Zealand — 2 17 0 Union 13 19 0 14 2 6 FINANCIALDalgety and Go. 12 5 0 — National Mortarage (c.d.) 4 0 O N.Z. Loan. Merc, (ord.) 85 0 0 — N.Z. and River Plate .113 —- Well. Invest. T. ant 1 A. 0 9 4 Well. Trust. Loan 5 14 0 GAS— Auckland (paid) .. 1 5 3 1 6 0 Nnpicr (£10) 10 2 6 —— Wellington (pref.) 0 16 6 —. Ditto (fractions) 0 5 8 INSURANCE— National 3 15 0 3 16 0

South British 1 17 9 — MEAT FREEZINGN.Z. Refrigerating (10s.) 0 14 0 0 14 6 Gear 2 1 0 Well. Meat Exp. (£5) ... — 4 12 6 Ditto ((£3 tils. 6d.) ... 3 1 0 3 3 0 WOOLLENKalapoi (ord.) 1 4 3 Ditto (contrib.) — 0 12 0 Wellington (ord. and pref.) 8 12 6 — COAL- . West port 1 15 9 —— Westport-Stockton 0 4 3 — TIMBER— Tariugamutu 1 11 0 —— MISOELLANi'.oaS— C. M. Banks 1 2 6 — — 2 1 9 Dental and Med. Sup. 1 3 3 .. , 1 4 6 Glaxo 'debentures) 91 0 0 Manning and Co 4 12 0 — National Electric* 1 1 3 •— N.Z. Drug (c.d.< 2 18 3 — N.Z. Paper Mills 1 4 9 —— Slm.rla.na and Co 1 1 6 Wilson's Cement 1 4 3 1 5 0