COMMERCIAL ITEMS

Dominion, Volume 18, Issue 104, 28 January 1924, Page 10

COMMERCIAL ITEMS

WELLINGTON STOCK EXCHANGE SATURDAY’S BUSINESS AND PRICES A sale of National Bank shares at £6 12s. 6d. was reported on Sa<rday. Usually there is very little business doing "on Saturday, but it has been noticeable that since the Stock Exchange resumed after the holidays there° has been quietness. Stocks and shares are all very high, and investors can see nothing attractive, and therefore they are all holding to their shares. On Saturday there was a demand for 4A per cent. War Bonds 1938 at £96 12s. 6d., for 5 per cenr. P 0. Stocks and Bonds at £97 55., and for 5| per cent. Government securities £lOl 10s. There were no declared buyers of Bank shares, bur sellers quoted £l3 Is. for Bank of Australasia shares, £2 10s. 6d. for Bank of New Zealand shares, and £l4 18s. 6d. for Union Bank sharen. There was no inquiry for hi prance shares. There were buyers of "Goldsborough Mort and 00. at .+ 2 7s. 6d., Gear Meat shares at £2 Is. 6d., Huddart Parker ordinary shares at ±l2 2s. 6d., and P. and 0. Deferred Stock at" £2BO. Timber shares were firm and unchanged. There were buyers of National Electric shares at 195., and N.Z. Express ordinary shares at buying and selling quo-

SALES IN OTHER CENTRES By Telegraph—Press Association. Auckland, January 27. Sale: Waihi, 295. 9d. Dunedin, January 27. Sale reported: Huddart-Parker. 425. 6d. CHILLED BEEF THE TRIAL SHIPMENT About 500 quarters of chilled beef have been placed aboard the s.s. Kent, which leavfes to-dav for Napier and Auckland, departing from the northern cite about February 10 for London. The beef was prepared at the Ngahauranga works under the Linley process of chilling beef, and the patentee of the process, Mr. J. A. Linley, supervised the operations, and will proceed to London by the Kent to keep a watch over/the meat during the voyage. This trial shipment is not a 'commercial test, for it is expected that money will bo lost; it is rather a test of the process. It is desired to ascertain whether teef prepared umfer the process will stand the one voyage. The test is being carried out undbr certain difficulties. The s.s Kent is fitted for carrying frozen meat which is packed in the refrige ated hold, whereas the steamers trading to the River Plate are fitted up for carrying chilled beef, the quarter being hung on hooks A space has been improvised on the Kent fo harming the quarters. This trial shipment has demonstrated the fact that New Zealand can produce the high quality beer required for chilling though not in any volume. Should this trial shipment turn put a success, then small regular shipments should follow and with a general and sustained demand for chilled beef, breeders will soon provide the quality and in sufficient volume to Stain the trade, Thb meat market in London is quiet at the moment, partly owing to the railway , and the absence of new season s meat. There is said to be a Continental inquiry locally for New Zealand beef, but the question of arranging finance is preventing businessjieingjione. CANADIAN FIELD CROPS (Rec. January 27, 11.50 P-™-) Ottawa, January 20. The Canadian field crops for 1923 are valued approximately at 891 mil lion dollars, represonlme d 7qoo evenly mill»n dollsrs t™ 1922. dm Assn. - LONDON MARKET REPORTS. Aus.-N.Z. Cadle Assn. (Rec. January 27, 5.5 P- m -) London, January 26. Cotten.—Liverpool quotation tor nnrv shipment, 19.07 d. per lb Jutc.-J anuary-February shipment, £ Hemp Zealand highpoinf fair, ft ' plantation first latex erepe an £3O 10s. per ton. Linseed cjl, £46 per ton. Turpentine, 78s. 9d. pel cwt. WAIHI SHARES. Au-s.-N.Z- Cable Assn. (Rec. January 7, 5.5 p.m.) London, January 20. •\Vaihi shares, 30s. Id. Messrs A. H. Turnbull find Co. havl received the following cablegram from Messrs. W Weddel and Ox, Ltd dated London, January 23. At tellow auctions today 880 tasks were offered und 800 sold. Market Jias advanced 6d. average. vv r itrht . Un January Messrs. M right, Stephenson, and Co., tn conjunction wiui Messrs. Dalgoty and Co.. New Zealand Loan and Mercantile Agency Co. and Messrs. AbraJianl and Williams, Ltd., will commence a series of live auction sales pi stup sheep and imporieu oersey catwu. Xue Jlutiai saie win be nma <m showgrounds, Xaiuapc, linen the oiu-cstaolisueti anti pi ize->»Killing Juxwi Honuiey idarrni suud hock oi JU. a. K. X' amnn will be sola ivitnout reserve.

fations were as under: — Sellers. Buyers. WAR LOANS— £ s. d. £ s. d. ,1 n. Insc. Stock, 1938 —— 97 O' 0 —— di n n. Wilt Bonds, 1938 96 12 6 n e. War Bonds, 1933 101 10 0 —■ 5 p.c. P.O. Bonds, 1927 97 5 0 — 5 p.c. P.O. l-.sc. Stk.. 97 5 0 banksAustralasia. — 13 1 0 New Zealand Union 2 10 6 14 18 6 FINANCIAL— GUldsbrough Mort ... 2 I 6 INSURANCE— , ■■■ 4 10 MEAT PRESERVIN'GGear 2 16 •— Well. Meat Exp. (£3 12s. fA \ — 2 2 0 TRANSPORT— Huddart-Parker (ord.) 2 2 6 — Union Steam (pref.) ... 0 19 9 — P and 0. def. stock 280 0 0 WOOLLENWellington (rights) ... — X 3 12 6 COALWaipa 0 17 0 timber— 18 6 — Leyland-O'Brien 1 18 6 . — MISCELLANEOUS— Kirkcaldie and Stains (prof.) _• National Electric > 0 19 0 17 o N.Z. Exnress (ord.) 0 15 0 DEBENTURES— N Z. Breweries (10 6 Well. Racing -Club ... . 108 10 0