COMMERCIAL ITEMS

Dominion, Volume 16, Issue 173, 10 April 1923, Page 10

COMMERCIAL ITEMS

WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES The Wellington Stock Exchange resumed yesterday after the Easter vacation, and at the afternoon call a sale of Bank of New Zealand shares at £2 17s. was made on ’Change, and sales were reported of Wellington Gas (£10) at £ll 55., and Wellington Woollen preference shares at £9 2s. Gilt-edged securities were very quiet There were no buyers of the 4| per cent, stocks, the 5 per cent. P.O. stocks and bonds were in good demand and unchanged at £97 10s. The 5} per conts wore also unchanged. Bank shares were firm. National Bank shares were in demand at £6 9s. 6d., or a shilling more than before Easter. Bank of New Zealand shares were unchanged at £2 16s. 9d., and Union Bank shares were also unchanged at £l4 3s. 6d. Union Bank shares experienced a sharp rise before the holidays, and an impression exists that them is to be a fresh issue of capital in the nature of bonus shares. Dalgety and Co.’s shares were firm at £l2 55.; Wellington Gas shares, £lO paid, which were in demand just before Easter at £ll Ils., changed hands yesterday at £ll 155., with buyers offering £ll 12s. 6d. ; for the company’s debenture stock buyers offered £lO5 ss. Insurance shares were practically unchanged. New Zealand Insurance shares at 28s. 6d. were 3d. higher, and National Insurance at £3 15s. were a shilling lower. Standard ■ Insurance shares at 345. 9d. were practically unchanged. Meat fneezing, transport, and coal shares were unchanged, and inclined to be slow. There was not much business offering in the inisceltnneous section. Thcro were buyers of Crown Brewery shares at 415.. National Electric at 21s. 3d., and i]*son’s Cement at 245. 3d. Yesterday’s buving and selling quotations were as follow: — Buvers. Sellers. £ d. £ s. A

AUCKLAND STOCK EXCHANGE

Ci-iIUSTCHURCH STOCK EXCHANGE BY TELEGKAra.-PRESS ASSOCIATION. Christchurch, April 9. Following were the closing auotation® to-day on the Stock Exchange;— Buyers. Sellers.

STOCK EXCHANGE. By Telegraph.—press association. Christchurch, April 9. Balo, reported: New Zealand Government 5J per oont., 1933. £IUO 15..; Royal Bank (£1 paid), £1 'lb.; 'Manninjr’s Brewery, £4 15s. (two parcels). Sales: Manning’s Brewery, £4 15..; Electrolytic Zinc, rights. Ils. 3d.

BRITAIN’S MEAT SUPPLY LAST YEAR’S FIGURES Tho statistics furnished by Messrs. W. Weddel and Co. Ltd., in connection with their annual review of the meat trade, give details of the sources of supply of meat to the British market. According to these figures the total supply in 1922 was 1,825,970 tons, made up as follows: — . Tons. Frozen beef 237,191 Chilled bpef 299.064 Fresh-killed beef 4,045 Beef live stock ; 15,929 Totsfl imported beef 556,229 Fiozen mutton and lamb ... 285,411 Fresh-killed mutton and lamb 7,027 Total mutton and lamb ... 292,438 Ilome-groivn beef 767,300 Home-grown mutton and lamb 254,600 I’otal of beef 1,323,529 Total mutton and lamb 547,038 1,870,567 Tress re-exports 44,597 1,825,970 With respect to beef Home-groivn supplies exceeded the imports by 211,071 tons, and ivere equal to 58 per cent, of the total. Of the 547,038 tons of mutton and lamb the United Kingdom fumished nearly half the quantity. Of the frozen beef imported into tho United Kingdom last year, New Zealand furnished 29,017 tons, equal to a little more than 12 per cent., but compared irith tlie total supplies of imported beef New Zealand’s contribution amounts to just about 2.2 per cent. South America supplied 140,758 tons of frozen beet and 298,997 tons of chili'ed beef, or a total of 439,755 tons, out of 556,229 tons of beef imported into Britain. Of the 285,411 tons of mutton and lamb imported into Britain last .year New Zealand supplied 150,803 tons, which was considerably less than in 1921, when New ZoalanA furnished 222.687 tons out of 336,935 tons.

WOOL VALUES ADVANCING ; BRADFORD TOPS HIGHER There are tc be no public auctions of wool in England until April 24, when the third series of London wool sales ivill begin. The trade is thus given a clear month in which to digest stocks, and this has had a very good effect on wool values. There was a firmer tone displayed at the Wellington sale on March 27, and at tho Dunedin sale held last week there was practio ally an all-round improvement, Further improvement will be shown at the remaining southern sales, particularly at tho Christchurch sale, which is to he held on Thursday. The outlook for tlip next. London sales is very good if the quotations for Bradford tops afford any guide. Tops of practically all counts advanced last week, as the following shows: —

All the counts, with tho exception of 4S’s, show advances, the fine wools riciiig Id- to 2d., and the coarse wools a halfpenny per lb. This improvementis evidence that there is still a very strong consumptive demand, which makes the outlook for the raw material very promising. CUSTOMS REVENUE. Customs revenue collected at the port of Wellington yesterday totalled £96-10.

WAR LOANS— 41 n.c. Tnsc. Stock, 1938 VI 7 6 5A d.c. Inac. Stock. 1933 100 5 0 —— 5A D.c. War Bonds, 1933100 10 0 101 0 0 5 n.c. P.O. Bonds. 1927 97 10 n G n.r. P.O. Insc. Stock. 1927 57 10 0 BANKS— Australasia 13 10 0 Commercial (ord.) 1 16 0 6 9 6 10 0 New South Wales 38 0 0 Now Zealand 2 16 » 2 17 6 —- — FINANCIALAbraham and Williams 4 b 0 Dalgety and Co 1 12 5 0 — w.Z. and River Plate . 113 1 1 9 Well. Invest 0 9 6 —• GASAuckland (paid) —• 1 b 0 Wellington (ord.) ' 11 12 6 11 17 6 Ditto (pref.) 0 16 6 Ditto (Deb. Stock) ... 105 5 0 INSURANCE— 3 15 0 New Zealand 18 6 1 9 3 X la 6 Standard 1 14 9 MEAT FREEZING— N.Z. Refrigerating (10s.) — 0 14 4 Well. Meat Exp. (£5) . —— 4 12 6 Ditto (£3 12a. 6d.) ... —— & i 0 TRANSPORT— Hiiddart-Parker (ord.) 2 i 0 WOOLLEN— Kaiapoi (ord.) —- 1 3 9 COAL-Westport-Stockton (prof.) 0 9 J Waipa 0 17 0 TIMBER— Taringamutu 1 11 0 MISCELLANEOUSC. M. Bonks (ord.) 12 6 —— Crown Brewery 2 10 — 1 4 6 Manning and Co —- 4 15 0 National Electric. 113 — Newton King (pref.) ... — 1 0 0 1 17 6 Wilson’s Cement 14 5 1 5 0 Well. Racing Club deb. — 109 0 0 W. M. Bannatyne and Co —— 1 11 0

B'S TEIjkGBAl’H—1'BJSSS ASSOCI Auckland. A.T1ON. April 9. Closing quotations on the Stock Lxchange to-day were as follow Buyers. Sellers. BANKS— £, a c 1* £ s. d. Australasia . . 14 0 0 — Commercial . 1 16 0 National . 6 8 0 6 11 0 New Zealand . 2 17 0 2 18 0 Union . 14 a 0 14 7 0 INSURANCE— New Zealand . 1 8 6 i b y South British 1 17 3 1 18 0 FINANCE— Dalgety . 1Z u U Goldsbrough Mort . 2 4 6 — N.Z. and River Plato 1 1 3 — Loan and Mercantile Ditto (pref.) , 76 0 0 90 0 0 COALHikurangi . 0 Id u Taupiri . 1 0 6 116 Westport —• ■ . 1 17 a Westpnrt-Stookt.oB .... , 0 4 9 •— GA.8— Auckland Ditto (con.) Birkenhead 0 13 0 16 0 I 6 6 0 17 0 Gisborne 0 13 0 ■ «“ SHIPPING— Detonport Ferry . 1 0 0 — Huddiirt-Parkor . 2 1 0 2 2 6 Northern Steam . 0 13 9 — Ditto (con > .. U 6 0 7 0 TIMBER— Bartholomew Kauri Leyland-O’Brien . 1 16 0 1 U 6 18 0 1 18 6 WOOLLEN— - Kaiapoi (10s. paid) . ... 0 12 0 — MISCELLANEOUSAbraham and Williams Associated Oils (eon.) . Auckland Trama — Ditto (pref.) — Supar, Australia 42 0 Milne and Choyce Dob. Stock 1 3 0 4 7C 0 10 0 12 3 0 19 0 6 1 4 0 N*wton Kinp (pref ) . . 0 17 0 —— Milk Products Parenga Oils Ditto (con.) Wilson's Cement . i 7 0 1 7 6 0 10 0 <1 a 0 15 0

MINING— .032 0 3 9 1 10 0 Now Waiotahi — 0 0 8 . 0 0 10 0 13 1 7 6 Grand Junction « 8 3 DEBENTURES— Auckland Gas, 1932 — 93 0 0 Ditto. 1928 — 104 0 0 Auckland Harbour 5i per cent . 98 0 0 Ditto, 5i per cent. . . — 99 0 0 Ditto. 6 per cent. .. 105 0 0 Ditto. 41 per cent. . — 96 0 0 City of Auckland, 1940 97 0 0 — Ditto, 1943 99 0 U — 105 0 0 100 0 0 Gisborne Sheepfarm' 100 0 0 101 0 0 Macky, Logan 101 0 0 Farmers' Union Traci* inc . 9Z 0 0 GOVERNMENT BONDS— .9700 —— Ditto, 1938 . 97 2 6 Ditto; 1939 . 97 2 6 Ditto. 1927 . 97 5 0 Now Zealand Inac., 1927 97 5 0 Ditto. 1929 . 97 15 0 — Ditto 1938 . 97 2 6 — — Aoldiors' Bonds 100 0 0 — Ditto, Inscr., 5J p.c. 100 0 0 —— Ditto. SI p.c — 97 10 0 Auckland, April 9. Sale: Commercial Bank, 36s. 3d.

£ a. d. £ B. <L GOVERNMENT STOCK4J p.c. Insc,. 1938 — 97 10 0 4i p.c. Honda. 1938 97 0 0 r—• 5 p.c. Bonds, 1927 97 5 0 97 10 0 5J p.c. Inscd., 1933 100 0 0 190 10 0 DEBENTURESN.Z. Refrigerating, 6 p.c., 1925 98 0 • 98 10 0 BANKS— Australasia18 15 0 Cum. of Australia. 1 16 0 Com. Bank of Sydney 25 0 0 — National of N.Z 6 8 6 i — New South Walen 37 17 6 Royal (£1 paid) 37 17 Royal (£1 paid) —— 1 14 3 Roval (£4 paid) ,6 12 6 M. Union of Australia ... M 4 0 M. INSURANCE— New Zealand 1 8 Q 1 10 0 South British 1 18 3 1 19 e LOAN AND AGENCYDalgety and Co 11 It 0 Goldsbrough Mort ... 2 4 3 2 i 3 Mutual Benefit 10 16 0 SHIPPING— Huddart-Parker, 6 p.c 'cum, pref) 0 19 • FROZEN MEAT— Canterbury 15 9 0 16 17 k Ditto (6 per cent, cum pref.) 6 0 0 N.Z. Refrigerating flOa. paid)) 0 38 6 0 14 0 COAL— Toupirl 1 1 0 1 1 3 GASChristchurch 8 0 0 BREWERIES— Crown J! 1 0 I 2 0 - Manning 4 15 0 5 0 0 Ward — 1 17 6 MISCELLANEOUS— Beath and Co. (ox div.) 1 10 * 111 6 British Tobacco (Aus.) 2 1 6 — Burns-Philp 1 13/ 0 1 13 9 Henry Jones Co-op. 2 0 6 Mason. Struthers (£1 paid) — 1 6 0 Ditto (6s. paid) h 6 4 Ditto (4b. paid) 0 4 2 1 — Electrolytic Zinc (rights) 0 11 0* _— Ditto (pref.) 111 5 . MININGMount Lyell — 1 8 0

Tops. March 22. April 5 d. d. 64’s . 61 62 GO’s . 53 55 58’s . 43 44 56's . .. .. 36 3(.J 5O’s . 28 28] 48’s . 20 20 46’s . 18 184 40’s . 16 16}