COMMERCIAL ITEMS

Dominion, Volume 21, Issue 99, 25 January 1928, Page 14

COMMERCIAL ITEMS

WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES Sales of AVellington Trust and Loan at L 6 17b. 9d. cum. dividend, and of AVellington Gas at 28s. cum. dividend, were reported at the afternoon call yesterday. Government stocks and bonds were firm, the 4J per cents, at £96 17s. 6d„ the 5J per cents, at £B9 155., and the 5J per cents, at £lOl ss. There was a restricted demand for bank shares. There were buyers of Bank of New Zealand at 595., National Bank of New Zealand at £6 165.. and Bank of New South AVales at £47. There were sellers of Union Bank new issue, third instalment paid, at £ll 14s. Financial shares were steady. Goldsbrough Mort and Co. were wanted at 465. 9d.. New Zealand Guarantee Corporation ordinary at Bs. 9d.. and AVellington Trust and Loan at £6 16s. Gisborne Gas shares were firm at 9s. 6d. New Zealand Insurance shares were wanted at 41s. Meat shares were steady. There were buyers of New Zealand Refrigerating (20s. paid) at 17s. 6d. cum. dividend, and Wellington Meat Export at 7s. 6d. Huddart-Parkcr ordinary shares were in demand at 495. 9d. P. and O. deferred stock rights at £25. Wellington AVoollen shares were steady, the ordinary at £6 Is., the preference at £6 3s. 6d. AVaina Coal shares were wanted at 16s. 3d. There were buyers of Staples and Co. at 395., Tuia Brewery at 405.. Electrolytic Zinc ordinary at 31s. 6d„ preference- at 325. 3d.. Howard Smith at 28s. 9d„ New Zealand Farmers’ Fertiliser at 795., New Zealand Paper Mills at 165.. AVellington Queen’s Theatre at 205., and Whitcombe and Tombs at 68s. Yesterday’s buying and selling quotations were as under:— Buyers. Sellers.

LONDON PRODUCE MARKET HIGH COMMISSIONER’S REPORT The Department of Agriculture has received the following cablegram dated January 21 from tho High Commissioner for New Zealand, London:— Tallow. —Poor demand at auction. No change in prices. Eggs.—Only moderate supplies coining forward, and demand is good. Current price sane:—English, Dutch, and Danish, 235. to 265. per long 100; French, 20s. to 255.; Belgian, 21s. to 225.; Egyptian, 9s. 3d. to 10s. 9d. Hemp.—Alauila market easier early this week, but market firmer towards the close. Fair business has been done in “J” grade up to £l4l 10s. for Janu-ary-Alarch shipments. Output from January 1 to December 31, 1,290,000 bales, against 1,240,000 same period in 1926. Stocks in Alanila on December 31, 1927, 155,000 bales, against 112,000; in Great Britain, 13,000, against 5000. Sisal irregular, but market steadier towards the close. No. 1 close at hand and January-Alarch shipments sold at .£36 15s. to J 137. No. 2 dragging, but afloat' sold at J 635 55., with probable buyers of January-Alarch shipments at .£35. New Zealand: Aloderate business reported in high-points for America. Fair neglected. Small demand for common, but very little offering. A 7 alue highpoints £34 10s., fair £32 55., common £3l 155.; and tow’, second grade, £2l, third grade £l9, for JanuaryAlarch shipments. Stocks in London on December 31, 1927, 53 tons, against 10 tons in 1926. ' Wool.—Sales continue well attended, with competition brisk. Opening rates firmly maintained. The Bank of New. Zealand has received the following advice from its London office as at close of business last week: Butter.—Little more inquiry. 151 s. to 1545. per cwt. Cheese.—Slow. 90s. to 91s. per cwt. Frozen meat.—AVether mutton is in poor demand. Ewes are in short supply, and 1 prices are nominal. The reduction in prices for lamb has improved the demand. Australian are quoted at Gd. to 91d., Argentine Gd. to BJd. The market for beef is quiet but firm. TA’ethers. light, Gd. to ’ 7’d. per lb.; wethers, heavy, to 5Ad. per lb.; ewes, 4{d- to 5Jd. per lb; lambs, 2’s, TOld- to HJd. per lb; lambs, B’s, IOJd. To l|d. per lb. ; lambs, 4’s IOJd. to llfd. per lb.; lambs, seconds, lOd. to 10-ld. per lb.; ox hinds, 4}d. to 4-Jd. per lb.; ox fores. 3Jd. to S?d'. per lb.; cow hinds, 4d. to 4Jd. per lb.: cow fores, 3Jd.. to 31 d. per lb. The Amalgamated Dairies. Ltd., have received the following market report from their London manager, under date January 21:—Butter: Salted. Anchor, finest, 1545.: firsts. 1525.; unsalted. 1545. to 1585.; Danish. 1725. to 1745. snot. 1635. to 164?. f.o.b. Large quantity New Zealand sold at these prices. Market shows no immediate signs of recovery. Cheese: White and coloured. 90s. to 915.. nominal- some selling 89s. to 90s. Market quiet. Canadian, 98s. to 104 s.

The N.Z. Dairy Produce Board has received the following market report from its London oiiice, dated January 22, 1928 (last week’s prices within parentheses):— Butter.—N.Z. waited, 151 s. to 1545. (1545. to 158 s.); unsalted, 1565. to 160 s. (158 s. to 1625.). Market quiet, but fair sales at the lower prices. Deliveries New Zealand last week 1840 tons, in store 3560 tons. Australian finest, salted, 1435. to ‘s2s. (1525. to 1545.), unsalte.i, 150 s. to 1545. (1545. to 1585.). Argentine, finest, unsalted, 141 s. to 1485.; exceptional, 150 s. (148 s. to 1545*.). Danish, 1725. to 1745,; spot, 1655. f.o.b. (1745., 1765. to 1685.). Dutch creamery, unsalted, 184 s. to !86s. (186 s. to 188 s.). Retail prices unchanged. Cheese.—N.Z. white, coloured. 90s. to 91s. (90s. to 915.); exceptional, white. 925. Canadian, finest white, 100 s. to 104 s. * (100 s. to 1045.; coloured. 98s. to 102 s. (1006. to 1025.). , Australian, finest coloured. 86s. to 90s. (not quoted). Market quiet. English, finest farriers, 1265. to 130 s. (1265. to 1305.), Retail prices unchanged. The board has also received the following advice from its a cents in Canada: — Butter. —San * Francisco, extras 46 cents (Is. lid.) Vancouver market Now Zealand finest. 37J cents (Is. 6Sd.). Australian first, 36i cents (Is. 6id.).

N.Z. GOVT. LOANS— £ s. d. £ s. d. 41 p.C. Ins. Stk., 1939 90 17 6 — 4* p.c. ditto, 1938 ... 96 17 6 — 54 p.c. ditto, 1933 ... — 101 7 6 5} p.c. ditto. 1941 ... 98 15 0 — 41 p.c. Bonds. 1939 .. 96 17 6 —— 44 p.c. ditto, 1938 .. 96 17 6 —— 6 51 p.c. ditto, 1933 ... — 101 7 54 p.c. ditto, 1936 ...101 5 0 — DEBENTURES— N.Z. Breweries (bonds) — 1 3 0 BANKS— National of N.Z G 16 0 6 18 0 New South Wales .. 47 6 0 * ■ n New Zealand J 19 0 2 19 3 Union of Aust. (new. third instalnit. . pd.) 11 14 0 FINANCIAL— Abraham and Williams (pref.) — 4 7 6 Goldsbrough Mort and Co o 6 9 N.Z. Guarantee Corp. Cord., 8s.) 0 8 9 0 9 0 N.Z. Invest., Mortg., and Deposit Well. Trust, Loan .. 6 0 7 9 0 9 0 GAS— Christchurch — 1 4 c Gisborne 0 9 6 «•— Wellington (ord.) ... -— 1 8 c INSURANCE— National — 0 15 7 New Zealand 1 0 — MEAT PRESERVING— Gear — 1 IS 0 N.Z. Refrlgerat. (£1) 0 17 fl Well. Meat Export (ord.) TRANSPORT— 0 7 "" Huddart-Parker (ord.) o 9 9 •»* P. and 0. def. stock (rights) 23 0 0 29 0 0 WOOLLEN— Kaiapol (ord.) .... — 0 9 0 Wellington (ord.) ... 6 1 0 6 4 0 Ditto (pref.) 6 3 6 — COAL— Westport 1 12 3 Westport-Stockton (pref.) ——■ 0 4 0 Waipa 0 16 3 TIMBER— Le.vland-O’Brien —- 1 16 0 National BREWERIES— — 0 12 6 Staples and Co 1 19 n Tul 2 0 0 —