COMMERCIAL

Evening Star, Issue 18158, 26 December 1922, Page 3

COMMERCIAL

THE MEAT TRADE. KIDNEYS IN LAMBS. Press Association—By Telegraph—Copyright. LONDON, December 25. A meeting of the principal buyers of New Zealand lamb protested against the Meat Board’s order for the retention of kidneys. They are prepared to differentiate. to the extent of id a lb in favor of lambs without kidneys, but they refuse to make contracts without a clear indemnity against all risks from taint.—A. and N.Z. Cable. GOVERNMENT SECURITIES. Frees Association—By Telegraph—Copyright. LONDON, December 21. The following are the latest quotations for Government securities :

FOREIGN EXCHANGE RATES. Fma Association—By Telegraph—Copyright LONDON, December 21, Dec. 18. Dec. 21. Paris, fr to £1 ... .62.15 62.27 Christiania, kr to £1 24.57 25.47 Copenhagen, kr to £1 22.28 22.47 Stockholm, kr to £1 17.28 17.18 Barlin, marks to £1 29,500.00 30,000.00 Rome, lire to £1 ... Montreal, dol to £1 4.67| 4.671 New York, dol to £1 4,66.) 4.64 i Hongkong, do] to £1 27d 27d Yokohama, st to yen ... 251 25 7-16 Calcutta, st to rpe ... 16 16 —A. and N.Z. Cable, LONDON MARKETS. Press Association —By Telegraph—Copyright. LONDON, December 21. In view of American advices of heavy Indian shipments wheat cargoes are quiet, and quotations are unchanged. Parcels are in poor request, and declined sd. The market shows a holiday tone. Australian is not offering. Flour is dull. Australian, ex store 41s 6d to 425. Barley is slow and unchanged. There is little doing in oats, beans, and peas, and prices are irregular. Sugar: Granulated, 50s 7d. Waihi shares. Buyers, 35s Id; sellers, 38s lOd. December 23. Cotton: January shipment, 14.37 d per

Rubber: Para, laid per lb; plantation smoked, 13Jd. Jute: December-January shipment, £36 per ton. ■ Hemp: Dccember-February shipment, £35 10s per ton. Copra: December-January shipment, £24 10s per ton. Linseed oil, £39 10s per ton. Turpentine, 96s per cwt. Lamb: New Zealand, none offering; Australian seconds, 9d; thirds, Bid. Foreign beef: New Zealand fores, 3|d; Argentine fores. 4i,d; chilled Argentine fores, 4d: hinds, 6,)d; Uruguay fores, 3jd: hinds, fid; others unchanged. Wheat cargoes are firm, occasionally being 3d higher. Parcels are quiet and are firmly held.—A. and N.Z. Cable. NEW COMPANIES REGISTERED. The ‘ Mercantile Gazette ’ reports the registration of flho following companies : Ellis and Glue (Limited). —Registered as a private company on December 4, 1922. Office i Dunedin. Capital : £3,000, into 3,000 shares of £1 each. Subscribers : Dunedin—Walter Ellis, W, P. Glue, Charles Glue, George-Glue, and W. F. Glue, 600 ©hart. each. Objects t To purchase or otherwise acquire and take over as a going concern and carry on the business or builders and contractors carried on in Dunedin by Walter Ellis and William Percy Glue under the style of Ellis and Glue, and to carry on the trades or_ businessea of builders and contractors in all their branches. THE NATIONAL MUTUAL. Mr W. Nicholson, manager in New Zealand for the National Mutual Life Association, has received the following cable message from the head office, Melbourne : —The fifty-third annual general meeting was held on the 21at inst. The new business for the year was very satisfactoryover 13,000 policies were issued, assuring over £5,000,000. Tho total income for the year was over £2,750,000, being an increase of over £200,000 on the figures of the previous year, Tho sum of £1,500,000 was added to tho funds, which now amount to over £16,500,000. Death claims were remarkably low, being £27,000 less than last year, and the lowest since 1915. The rate of interest earned is nearly per cent. Expenses of management show a further reduction.

Loans to the amount of £2,380 have been applied for during the month from the Dunedin and Suburban .Mutual Money Club.

per cent. Imp. Con. ... ..-£55 17 6 3A per cent. Imp. War Loan, 1925-28 95 10 0 5 per cent. Imp. War Loan, 1929-47 = ... 99 12 6 5i per cent. Conversion Loan — /SO 51 per cent. C’wealth Loan, 0 1922-27, Feb.-Aug. ... 100 5 6 per cent. C’wealtb Loan, 0 193141, JunecDeo 105 17 6 N.S.W. 3’s, 1955, April-Oot. ... 73 10 0 N.S.W, 3i’s, 1930-50, Jan.-July 77 17 6 N.S.W. 4’s, 1933, Jan.-July ... 88 2 N.S.W. 6|'s, 1922-32, May6 Nov. ... ! 101 0 0 'N.S.W. 6's, 1930-40, May-Nov, 104 12 5 N.S.W. 6A’s, 1930-40, Feb.-Aug. 108 15 Vic. 5A’s, 195040, Apl.-Oct. ... 103 0 0 0 Vic. 3A’s, 1921-26, Jan.-July ... 95 7 6 Vic. 3A’s, 1920-40, Apl.-Oct. ... 75 7 6 Vic. Si’s, 1929-49, Jan.-July ... 70 0 0 Q’land 6’s, 1930-40, Feb.-Aug.... 105 7 Q’land 4’s, 1924, Jan.-July ... 85 0 6 0 Q’land 3i’s, 1924, Jan.-July ... 95 12 6 Q'land 34’s, 1930 95 6 Q’land 3’s 192247. -laiL-'Tuly ... 64 15 N.Z. 6’s, 1935-51, Feb.-Aug. ... 110 10 0 0 0 N.Z. 4’s, 1929, May-Nov. ... 92 4 6 N.Z. 31’s, 1940, Jan.-.July ... 80 17 6 N.Z. 3*s, 1945, Apl.-Oct. ... 72 17 6 S.A. 3‘s, 1930, Jan.-July 61 2 6 S.A 4A’s, 1945 or after ... ... 80 0 0 S.A. ,6A’s, 192040 109 0 Tag. 5A’s, 1920-40, Jan.-July ... 80 10 0 0 Taa. 3’s, 1920-40, Jan.-July ... 73 0 0 Tas. 6A’s, 1930-40, Feb.-Aug. ... 109 0 0 W.A. 3A’s, 1920-55, May-Julv 81 10 W.A.' S's,. 1915-35, May-Nov*. 77 12 0 6 W.A. 6’s, 193040, Jan.-July ... 103 12 6