COMMERCIAL

Greymouth Evening Star, 25 June 1927, Page 8

COMMERCIAL

BANK RATE ALTERATIONS. (Australian and N.Z. Cable Association.) LONDON, June 24. The Associated Banks pf Australia and New Zealand will on July 1, alter the selling rates on Australian drafts as follows: —Mail transfers to 12/6 per cent, discount, cable transfers five shillings; rates for purchasing documentary bills on Australia, oh sight, 30/- per cent, discount, thirty days 41/3, sixty days 52/6, ninety days 63/9. APPLE PRICES. LONDON, June 24. The apple market is very firm. New Zealand Hall Romes 17/6. 24/6; Stateman’s 21/-, 26/-; DijugheHy’s 20/-, 23/-; Rokewoods 20/6, 25/-.

METAL quotations. LONDON, June 24. Copper £54 3/1J to £54 15/71; lead £24 12/6 to £24 16/3; -Spelter £2B 6/3 ‘to £2B 10/-; tin £3OO 17/6 to £287 7/6; silver, standard, 25 15-16 d., fine 28d. CHICAGO WHEAT. CHICAGO, June 24. Wheat quotations: July 141 J, September 1391 cents per bushel. STOCKS AND SHARES AUCKLAND, June 25. Sales on the Change: Kawarau 1/6, Waihi Grand Junction 1/6, Alburnia 4/-.

(By Insider) The business of the week has been confined to a few gilt edged stocks and in a few instances show increased price. The N.Z. Insurance shares have had sales at 40/-. The return at this price hardly warrants buying but there is evidently a write up of part of the uncalled capital in the air. Union Banks have also hardened to £l5/15/- and in this connection also one must expect that something in the nature of a concession to the shareholders will eventuate shortly. The last distribution was in 1924 when the reserve fund stood at £3,540,000; to-, day the .reserve is well over four millions which suggests another divide. The return to investors at present is about 4g per cent. Bank of New Zealand has just paid the half yearly dividend and shares have eased in consequence. Bank of New South Wales have buyers at £45/5/-. British Tobacco shares are in keen demand at 54/9 and Colonial Sugars at £52 10/-. Both Tobaccos and Sugars are profitable concerns and shares will continue to increase in value. Kauri Timbers have just paid the half-yearly dividend amounting to lid per share. Shares are on offer at 23/6, from a continuation of the present 6 per cent, dividend the return would be about £6/7/6 per cent. The dividends paid previous to last were at at the rate of 8 per cent.

CHCH. STOCK EXCHANGE .QUOTATIONS.

Buyers. Sellers. DEBENTURES— £,s. d. ,£ s. d. 4J p.c. Inscr., 1938 96 17 6 ■97 5 0 4£ p.c. Inscr., :1939 96 17 6 97 0 0 41 p.c. Bonds, 1939 97 0 (1 97 5 0 5 p.c., 1927 51 p.c. Inscr., 1927 97 0 0 98 15 0 97 5 0 5J p.c. Bonds, 1927 99 0 0 99 10 0 51 p.c./Inscr., 1928 101 0 0 101 5 0 51 p.cA Bonds, 1933 51 p.c Bonds, 1936 101 2 6 101 5 0 100 5 0 51 p.c. Inscr., 1936 5? p.c. Cheh. Gas, 1934 101 0 0 100 10 0 101 0 0 5? p.c. Chch. Hospital 101 0 0 71 p.c. Gisborne Sheepfarmers 1931 100 10 96 10 0 N.Z. Breweries BANKS— 13 9 14 0 Adelaide 9 9 0 Adelaide Rights 4 7 9 4 8 4 Aust. Bank of Commerce 1 16 0 1 17 6 Australasia 14 14 0 14 15 0 Comm, of Australia ... 1 9 5 19 9 do. (pref.) 7 10 7 16 Comm, of Sydney 24 12 6 24 17 0 E.S. and A 8 7 0 8 9 6 National of Australasia 8 9 0 8 11 0 National of N.Z. 7 2 6 7 3 6 New .South Wales 45 0 0 45 15 0 N. S. Wales (Rights) ... 25 2 6 25 10 0 New Zealand 2 19 2 2 19 5 Union of Australia ... 15 14 6 15 16 0 Western Australia B.N.Z.L.T. Mortgage ... 2 19 3 12 2 3 0 0 Bank N.Z. Mortgage ... 11 0 11 9 do. (fully paid) ... 14 9 16 9 INSURANCE— National of N.Z. 3 13 0 3 14 0 New Zealand 1 19 9 2 0 0 South British 2 17 0 2 18 0 Standard 2 18 6 2 19 9 Queensland LOAN AND AGENCY— 2 16 9 2 17 3 N.Z. Loan and Merc. 91 0 0 95 0 0 Dalgety and Co 13 15 0 13 18 6 Dalgety rights 5 13 0 5 15 0 National Mortgage 3 6 0 3 7 0 Goldsbrogh Mort 2 9 3 2 9 5 SHIPPING— Howard Smith 1 11 0 1 11 8 Huddart Parker 2 7 3 2 8 9 Union (51 p.c. Cum Pref. ) 1 0 0 10 6 P. and O. Stock 282 0 0 290 0 0 FROZEN MEAT— Canterbury 7 10 0 8 10 0 N.Z. Refrigerating 6 6 6 7 do. 20s paid WOOLLENS13 10 11 8 Kaiapoi 10 3 10 8 COAL—

Westport Westport-Stockton 1 14 1 1 0 1 14 11 ' 1 9 GASAuckland 13 9 Christchurch 1 4 4 Timaru 1 4 0 1 4 3 Ashburton 5 7 6 5 16 0 Wellington 1 7 0 18 0 BREWERIES— Crown 15 0 Manning 19 3 10 0 New Zealand 2 9 9 2 10 9 W ard 1 19 0 2 10 Staples 1 18 3 2 0 0 Monteith 18 6 1 1 3 CEMENTS— Wilson’s ex-div 1 14 0 1 14 6 TIMBER— Kauri 1 3 0 15 0 MISCELLANEOUS— Beath and Co 1 12 0 1 13 0 British Tobacco 2 14 7 2 14 10 Burns, Philp 1 17 6 2 0 0 Colonial Sugar 52 10 0 53 0 0 Dunlop’ Rubber 1 13 6 1 14 6 Elect. Zinc Pref. 1 13 9 1 14 6 Holdens 1 19 6 2 0 0 N.Z Drug Co 3 4 3 3 .5 0 N.Z. Farmers’ Co-op. ... 80 0 0 90 0 0 N.Z. Sugar of Milk 1 2 6 1 10 0 Whitcombe and Tombs 3 10 0 3 11 0 Dom. Home ®ldga. 1 6 6 0 National Tobacco 3 0 0 D.I.C. (pref.) 1 3 0 13 6 D.I.C. (ord.) 19 3 1 0 0 N.Z. Guarantee Corp. . 8 8 9 0 MINING— Kauarau 1 6 2 0 Mt. Lyell 1 7 8 18 0 Waihi 18 6 19 . 6 Blackwater ... •... 5 t Alexanders (fully paid) 20 0