COMMERCIAL ITEMS

Dominion, Volume 19, Issue 44, 16 November 1925, Page 12

COMMERCIAL ITEMS

WELLINGTON STOCK EXCHANGE SATURDAY’S BUSINESS AND PRICES There were no sales recorded on Saturday, and the market was inclined to be dull. Tho business don? during tho past week was very limited, and was within smaller compass than for several weeks past. There has been vwy little demand for Government stocks and bonds, and the sales recorded were. 4J per cents, at .£96 ss. and -£9G 7s. Gd., and 51 per cents, at =£99 ss. and £99 7s. 6d” New Zealand Breweries 10 per cent, bonds changed hands freely during tho week at 255. 6d„ 255. 9d„ 255. 3d., 255., 21s. 6d., and 255., and were in demand on Saturday at 245. 9d. There was verv little transfer of bank shares, in fact the business done last week was the smallest for many weeks. Bank of Australasia shares sold at £l3 19s. with further buyers at tho price. Bank of New Zealand shares changed hands at 565. 9d. (four parcels), and at ths weekend buyers offered 565. 7d. Union Bank shares sold at £l5. and there was more offering at the price. There were buyers of Bank of Victoria shares at £7 10s., and English, Scottish and Australian Bank shares at £7 10s. cum. dividend. Goldsbrough Alort and Co.’s shares sold it 455. 9d., with buyers on Saturday at 455. Gd. For New Zealand Loan and Mercantile ordinary stocks buyers offered £92 ss. cum. dividend, and there were buyers of New Zealand and River Plate shares at 21s. Gd.. a rise of 2d., and of Wellington Investment at 10s. New Zealand Guarantee Corporation shares have been in active demand throughout tho week, the ordinary (Bs. paid) at 10s., and the preference at 21s. A fair business was done in insurance shares. National Insurance shares sold at 775., and 775. 3d., New Zealand Insurance at 365. 6d.," with buyers on Saturday at 365. 3d. South British shares sold at 505., and there were further buyers at ths price. There were buyers of Standard Insurance shares at 255. Gd. There were no transactions in transport shares, but there were bids of 435. 9d. for HuddartParker ordinary shares, and 20s. for preference shares, and Union Steam preference at 20s. There were no transactions in coal and woollen shares. Timber shares were firm. Kauri Timber shares sold at 345. 3d., and there were buyers at 345. cum. dividend. Leyland-O’Brien Timber shares were firm at 595. Gd. New Zealand Breweries shares sold at GOs. There were buyers of Staples and Co.’s shares at 445. Gd. Business was done in Colonial Sugar shares at £5O 10s., Dominion Rubber at 515., Taranaki Oil at 235., 235. 3d.. 238., cum, rights, and 21s. ex rights, New Zealand Drug shares at 675. Gd.. Farmers’ Auctioneering at 755., and Wilson’s Cement, at 335. 9d. and 345. Saturday’s buying and selling quota lions were as under:— Rnvnr« Rpllofr.

l_ SALES IN OTHER CENTRES By Telegraph.—l’bEss Association Auckland, November 15. Sales: Bank of New Zealand, 575.; Colonial Sugar, £5O 12s. 6d.; Kawarau, 7s. 2d., 7s. ,3d.

MOSGIEL WOOLLEN CO. FIFTY-SECOND ANNUAL REPORT The report of the Afosgiel Woollen Factory, Ltd., which will be presented at the fiftv-second annual meeting of shareholders at Dunediu on Friday next, states that trade during the year has been difficult owing to the high price of wool at last sales, and also to the fact that importations of woollen goods into the Dominion are still heavy. The directors, however, are pleased that they are able to recommend the payment of a further dividend of 4 per cent, and a bonus of 2 per cent., which, with the interim dividend of 4 per cent, paid in Mav, makes 10 par cen. for tho year. The profit and loss account, after writing’ off £lO6O lor depreciation and adding £2OOO to reserve, shows a balance of £l3 573 Bs. 3d. available for appropriation. After providing £5722 16s. to meet the proposed dividend and bonus, there remains the sum of £7850 12s. 3d. to be carried forward to the new profit and loss account. The retiring directors arc Alessrs. J. S. Hislop and J. S. Sinclair, who are eligible and otter themselves for re-election. The auditors Messrs. Barr. Hercus and Co. and Moodie and Smith, also offer themselves for re-election.

butter market

Notwithstanding a contraction in sup plies and an actual reduction in prices, the butter market continues stagnant with the price of New Zealand salted batter now ruling at 2065., compared with 23'0s. six weeks ago. Supplies of imported butter show a great eontraetion. and the imports inio tlifr United Kingdom during the 'past four months show as under:-

1,607,000 1.758.000 There is a substantial decrease in the four months, but when the figures, for October alone are examined the shrinkn„c iq most pronounced. Bv all the rules the butter market should now be very firm, but that is exactly what if is not OScourse some fairly heavy s’-ipments of new season's butter from New Zealand should be reaching the market within the next two weeks, and 41,‘is mar be (he reason why buyers are holding’off the market. It is to be feared however, that, the consumptive demand is lacking, and there is some iustification for this view, for it is to be noted that the frozen meat market ; s also suffering from lack of support, and the position is causing concern tn those infereciod in the meat trade, — " fear that flic nric.es for lamb this season may be disappointing.

THE WHEAT MARKETS. Chicago, November 13. Wheat: December, new,. 1 dollar 55$ cents per bushel; old, 1 dollar 5-1 cents; May, new, 1 dollar 471 cents; old, 1 dollar IG3 cents. (Rec. November 15, 5.5 p.m.) New York, November 14. Chicago wheat futures: December, new, 1 dollar 5G3 cents; old, 1 dollar 55J cents; May. new. 1 dol>r 50] cents; old, 1 dollar 49 cents. RAW MATERIALS MARKETS. (Rec. November 15, 5.5 pan.) London, November 14. Cotton.—Liverpool quotation for American middling upland cotton, December delivery, 10.27 d. per lb. Rubber. —Fine hard Para, 46d. per lb.; first latex-crepe and plantation smoked ribbed sheets, 491 d. Jute.—N ovcmber-Decemhe r shipment, £59 15s. per ton. Hemp.—October-November shipment, £39 per ton. ■ Copra.—October-November shipment, £29 per ton. Linseed Oil.—£3S 10s. per ton. Turpentine, 7Gs. 9d. per cwt. Antimony.—English, .£B5 per ton; for--eign, .£79 10s. CUSTOMS REVENUE. Customs revenue collected at the port of Wellington on Saturday amounted to -£8173.

Buyers. Sellers. N.Z. GOVT. LOANS— £ K. d. £ 8. d. 51 p.c. Inse. Stk., 1033 — 99 10 0 5} p.c. ditto. 1927/1941 — 9S 10 0 DEBENTURES— N.Z. Breweries (bonds) 1 4 9 —. Well. City (51 per cent., 99 1935) — 10 0 BANKS— Australasia 13 19 0 —■ Commercial of Aust. 13 (ord.) — 1 6 New Zealand 2 10 2 10 11 Union of Aust — 15 0 0 Victoria 7 10 0 7 12 6 English, Scottish, and Australian 7 10 0 FINANCIAL— Goldsbrough Mort .. 2 5 6 N.Z. Guarantee Corp. (ord., SfjX 0 10 0 — Ditto (pref.) 1 1 0 •*— NX Loan and More. (ord.) 92 0 —- N.Z. and River Plate .1 1 6 Well. Invest. T. and A. 0 10 0 — INSURANCE— National (cum.) 3 4 0 0 New Zealand 1 10 —— South British 2 10 0 Standard 2 ;» 6 —■. TRANSPORT— Huddart-T’arker (ord.) 2 3 !) 4 c Ditto (pref.) 1 0 0 —■ Union Steam (pref.).. 1 0 0 — P and 0. def. stock — 265 0 0 COAL— Westport (cum.) 1 15 0 Waipa (c.r.c.) — 1 1 6 timber— Kauri (cum.) 1 14 0 —— Levland-O’Brien (cum.) 2 19 6 3 2 0 National — 1 o 0 BREWERIES— •T. Staples and Co. .. 2 4 6 6 0 MISCELLANEOUS— i Burns, Philp, and Co. 1 17 0 17 9 Electrolytic Zinc (pref.) — 1 13 6 Kirkcaldie and Stains — 1 0 0 Newton King (ord.).. 0 If) 0 —— Ditto (pref.) 0 16 6 0 18 0 MINING— 5 3 Mt. Lyell (cum.) — 1 Kawarau 0 6 11 0 7 O

Hinn 192a cwt. 1924 cwt. ... 466.000 143.000 ... 423.000 ■108.000 September ,... 390,000 4.31.000 October ... .322.000 416,000