FINANCIAL AND COMMERCIAL.

New Zealand Herald, Volume LXIII, Issue 19470, 28 October 1926, Page 7

FINANCIAL AND COMMERCIAL.

STOCKS AND SHARES. AUCKLAND STOCK EXCHANGE, , 1 MARKET CONTINUES ACTIVE. Business was again bright on the Auckr land sharemarket yesterday. In Govern- | raent securities there was only fair in- ! quiry and thore was no substantial altera, tion in the rates. In commercial debentures New Zealand Breweries sold at 245, offers casing from that figure to 23s 9(1. In banks Unions of Australia were done at £ls 4s, more being available at that price, but no offers were received. Western j Australias changed hands at 57s 9d. In insurance New Zealands were quoted at 40s 6d, offers improving to 39s 9d. South . British were steady at 60s 6d and 59s 6d. r In coal Taupiris had sale at 22s 9d. In j further inquiry at that figure, sellers 245. lln miscellaneous Electrolytic Zinc, preI ferred, were done at 37s 3d, and Milne and Choyce debenture stock at 245. Wilsons Cement had late sale at 33s 3d. In minj ing thero was sale in Alburnias at 4s 4d, '■ | Kawaraus at 2s 7d, Lucky Shot contribut- . I ing at 9d, and New Zeehan Consolidated . I ot Is 6d. • _ The foUowing sales took place:—New Zealand Breweries, 245; Union Bank of Australia, £ls 4s; Bank of Western Australia, 57s 9d; Taupiri Coal, 22s 9d; Auckland Gas, 23s lOd; Electrolytic Zinc, pref., ! 37s 3d; Milno and Choyce debenture stock, 245; Wilsons Cement, 33s 3d; Alburnia, 4s . 4d; Kawarau, 2s 7d; Lucky Shot, coni tributing, 9d; New Zeehan Consolidated, i CLOSING QUOTATIONS. i

> CALL AND DIVIDEND LIST, i Dividends — " Due. 4 Waihi—ls per share . . . . Nov. .3. Northern Steamship Co., Ltd.— I Int. Div. 8 p.c. p.a. . . Nov. IS. SOUTHERN EXCHANGES. [BY telegbaph.—press association.] CHRISTCHURCH. Wednesday. The following sales took placo on the Stock Exchange to-day:— New Zealand Kefrigoratins (con.). G» 6d (two); Christchurch Gas. 21s (two); Electrolytic Zinc (pref.). 375. DUNEDIN, Wednesday. The following sales took place on tha Stock Exchange to-dayKawarau, 2s 8d; P. and O. deferred stock, £250. EXCHANGE ON BRUSSELS. NEW CURRENCY RATE. Australian and N.Z. Cable Association. (Reed. 9.35 p.m.) LONDON, Oct. 26. i The exchange rate on Brussels will in future bo quoted in the new currency. The units will be called belgas. They will bo equal to five francs. To-day's rate is 34.85 belgas to the pound. CHICAGO WHEAT MARKET. Australian and N.Z. Cable Association. ; (Reed. 5.5 p.m.) CHICAGO. Oct. 26. Wheat.—December, 1 dollar 42f cents per bushel; May, 1 dollar 47$ cents.

PRODUCE IN LONDON. BUTTER MARKET QUIET. CHEESE PRICES FIRM. The Department of Agriculture has received the following cablegram, dated October 23, from the High Commissioner for New Zealand, London:— Butter.—The market is quiet. Official quotations are : New Zealand.—Finest salted: October 23. 144s to 146s per cwt.; October 16, 136s to 144s (exceptional) 148s. Unsalted: October 23, 166s to 17^s; October 16, 166s to 170s. Other qualities: October 23, 134s to 138s. Australian.—Salted: October 23, 138s to 144s per cwt.; October 16, 134s to 1445. (exceptional) 1465. Unsalted: October 23, 164s to 1665; October 16, 164s to 1665. Other qualities: October 23, 112s to 1365. Argentine.—Unsalted : October 23, 148s to 152s ppi" cwt.; October 16, 146s to 156s (exceptional) 1565. Other qualities: October 23, 120s to 1465. Irish Creamery.—October 23, 146s to 150s per cwt.; October 16, 146s to 148s. Unsalted: October 23, 158s to 1625; October 16, 156s to 158s. Canadian.—October 23, 138s to 144s per cwt.; October 16, 136s to 1425. Siberian. October 23, 128s to 132s per cwt.; October 16, 128s to 1325. Danish.—October 23, 178s to 182s per cwt.; October 16, 172s to 1765. Cheese.—The market is firm. Official quotations are:— English.—Finest farmers: October 23, 96s to 102s per cwt.; October 16, 96s to 102s. The demand is good. Canadian.—Finest coloured and white: October 23, 84s to 88s per cwt.; October 16, 83s to 86s. New Zealand.—Coloured: October 23, 81s to 84s per cwt.; October 16, 80s to 82s. White: Up to 86s, according to condition; October 23, 82s to 84s: October 16, 80s to 82s. Tallow.—The market has continued quiet, but steadier. Present quotations are:—Mutton: Fine, 44s per cwt.; fair to good, 41s to 435; dark to dull, 39s to 40s. Beef: Sweet and (or) mixed, 42s 6d to 455; fair to good, 40s 6d to 42s 6d; dark to dull, 38s to 395. Mixed: Fair to good, 40s to 425: dark to dull, 38s to 395. Gut, etc.: 36s to 38s 6d. Hemp.—The Manila market was firmer early this week, but easier toward the close. J grade, October-December shipments quoted at £45. Stocks in Manila on September 30 were 147,000 bales, against 157,000 bales at the same time last year. In Great Britain stocks were 9527 bales, against 35,924 bales last year. The Sisal market is quiet, but steady. Tanganyika No. 1, October-December shipments are quoted at £43. Tow is scarce and valued at £3O 15s. It is reported that the Mexican soiling organisation has reduced prices 20s per 'ton, bnt this is not confirmed yet. Offerings at European ports are at £4O. The New Zealand market is firm with an improved demand. Business was reported in highpoints late last week up to £3B 10s. October-December shipments arc now quoted by sellers at the same figures. Fair: October-December shipments sold at £35 15s. Stocks in Great Britain at September 30 were 21 tons, against 135 tons at the same time last year. Wool.—The Bradford market is weaker on overseas advices and the difficulties of the industrial situation. Present quotations are for tops:—64's (merino), warp, 4s per lb.; 64's (merino), average, 3s lid; 56's (super halfbred), 2s 8d; 50's (fine crossbred), 2s 2d; 40's (prepared), Is B|d. Apples. American: The London market is dull and depressed, mainly owing to the large quantity here. Inferior quality boxed (Jox's Orange Pippin are quoted at 20s to 255. Other sort 3, 7s 6d to 12s. Barreled Jonathans, Staymans, Winesap, Ben Davies and Baldwin, 15s to 20s. Shipments of New Zealand produce arrived this week per S.S. Kotorua. EXPORT OF EGGS. THE SEASON'S LAST SHIPMENT. The third and final shipment of eggs from New Zealand to London this season will be made by the Tamaroa, which is duo to leave the Dominion about November 20. The vessel* will take about 30.000 dozen eggs, bringing the total quantity shipped this season up to 105,000 dozen. The first shipment wa's made by the Corinthic in September and the seoond by the lonic this month. The Corinthic's consignment totalled 40 000 dozen and the lonic's 35.000. The Quantity of eggs sent from Christchurch this .season is 15.000 dozen more than the ouantity sent from the rest of New Zealand. CITRUS FRUIT TRADE. QUESTION OF ASSISTANCE. [by telegraph ——own CORRESPONDENT. ] TAUKANGA, Wednesday. The Hon. W. Nosworthy on behdf of the Minister of Agriculture has advised the Bav of Plenty development l,;agua that while he is anxious to assis!, the citrus growers of New Zealand it is not at all easy to determine the best way in which this can be done and if the league has any suggestions to offer ho will be pleased to give them careful consideration. Regarding tho competition of Italian lemons he says the possibility of increasing the duty has been discussed with the Customs Department, the Minister in charge of which has promised to give the matter his careful consideration when the tariff is being revised next year, j Under the treaty at present in forco between New Zealand and Italy there is no power to impose depreciated currency duty on goods imported from Italy. HIDES AND SHEEPSKINS. AUCKLAND MARKET PRICES. There km little fluctuation in prices at | the fortnightly hides and skin sales yesterday. Cow hides were sold at practically the same raten ruling at the last stale, but ox hides, which have been bringing high prices for some time, were inalined t-o ease somewhat. Thero was little change in the market for sheepskins. Tho following prices were realised:— Hides.—Cow: Best grades, light, Gjjd to 6Jd; medium to heavy GJd to 63d per lb; second and cut. 5d to s!d; rough and slippy, 3Sd to -Id. Ox: Best light. 6d to 6Jd i medium. 7id to 7Jd; heavy, 85d to 8ld; heavy, with substance, 9}d to 9}d; rough, scored and cut, 4jd to Gd; kip and runners, best, grades, GJd to 7jd: second grade. 4Jd to sid; yearlings, bent, 7}d to 7sd; second, s!d to fHd. Calfskins.—Light, lOid to Hid; medium, lid to 1,13 d; heavy, 7{d to BJd; cut and meaty, light, 8d to 8!d; slippy and inferior, 6d to 6Jd. Sheepskins.—Dried, three-quarter to fullwool, fine crossbred, lid to llid: medium, lOjd to Hid : coarse, 95d to lOid: faulty. Gld to 7d; damaged and broken. 6d to Bid; half wools, medium t.o fine crossbred, 9id to lOJd; faulty and coarse, 8d to 9d; damaged, 6d~to 7Jd. Salted, three-quarter to full-wool, extra large,. fa Gd to 10s 9d; large, 8s 4d to 9s; medium, 7s 3d to 8s; small and light, Ga lOd to 7s Gd. Lambskins.—-Large, Ss 6d to Gs 3d: light and medium. 4s (id to Ss. Spring lambs, la 9d to 2a 3d. Tallov.-.—Sltipoing casks, 31s to 31s Gd per cwt.: in barrels, 28s 6d to 29b; second grade, 25s to 2Gs Gd. Pelts.—Shorn, 2s 6d. SYDNEY WOOL SALES. Australian and N.Z. Cable Association. (Reed. 11.55 p.m.) ( SYDNEY. Oct. 27. The fifth series of wool sales concluded to-day. Tho market closed without appreciable change from the previous week's sales. Fine quality lines were in good demand and made late rates. Broad fibred and' faulty sorts met with restricted demand. Greasy Merino' sold to 28d. The next series will commence .Monday week.

. Rcllfirs. TIIITTPTH 1 !BANKS- £ B d £ a d Australasia H 3 14 0 0 Corn, of Australia . . 1 12 G 1 11 3 Ditto (pref.) 6 1G 0 National of N.Z. 7 1 0 National Aus. 18 5 0 Ditto (con,) ... 9 fi 0 New South Wales .. in 5 0 45 0 0 New Zealand 3 0 9 2 19 9 j Ditto (rights) 0 G 6 0 6 3 Union of Aus. 15 4 n Western Australia ... 2 17 9 — INSURANCE— 1 i National . . ... 4 0 0 1 New Zealand 2 0 G 1 19 9 South British 3 0 fi 2 19 G LOAN AND AGENCY— Fanners' Co-op. Auc. 4 0 0 3 10 0 Ditto B (pref.) 0 17 6 0 1G 0 1 Croldsbrough, Mort . . 2 11 3 2 10 3 Nat. Mort. 3 15 0 > N.Z. and River Plate 1 3 0 S N.Z. Guarantee Corp. 0 10 0 1 N.Z. Loan and Mere. 96 0 0 91 0 0 N. Auck. Farmers' Co-op. D ; Ditto B (pref.) 0 9 6 — J i COAL— 3 ( Hetherington (eon.) . 0 G 9 _ Pukemiro 2 1G 0 Taupiri 1 3 3 1 2 3 Waipa 0 15 0 Westport — 1 17 9 GAS- ; Auckland ... ... 1 4 0 1 3 10 Ditto (con.) 0 13 0 0 12 6 Birkenhead 0 18 0 G is borne .... ... 0 12 0 — SHIPPING— Devonport 1 6 0 Huddart-Parker 2 8 G 2 7 G Northern Steam 0 15 3 0 14 6 Ditto (con.) 0 7 3 P. & 0. (def. stk.) . 255 0 0 250 0 0 TIMBER— Kauri Timber _ 1 9 0 Leyjand-O'Brien 2 3 0 National . „ o ir 0 Parker-Lamb 1 6 fi Roioiti 0 17 0 Taupo Totara 1 0 0 — j WOOLLEN— Kaih-poi 0 12 0 0 i.O G Ditto (con.) 0 1 9 Mosgiel — G 0 0 Wellington G 7 6 Ditto (pref.) — 6 10 0 BREWERIES— C. L. Innes and Co. 0 19 G Ditto (pref.) 1 0 G N.Z. Breweries 2 13 0 I J. Staples and Coy, . 1 18 3 1 17 0 MICELLANEOUS— A. J. Entrican & Co. 0 38 9 1 British Tobacco 2 11 9 2 U 3 Dental and Medical . 1 0 0 0 1G 3 Dominion Pictures . . 1 0 0 Ditto (pref.) 1 0 0 Donaghy's Rope — 1 13 0 Elec. Zinc (ord.) , . 1 1G 9 1 15 G 0 Ditto (pref.) 1 17 3 Gear Meat 1 17 G Grey and Menzies . . 0 12 6 0 11 0 Henry Jones Co-op. —. 2 9 0 Hill and Plnmmer . . — 1 1 G H.M. Arcade Theatre (prsf.) — 1 0 0 t Lewis R. Eady <fc Son (7 p.c. B pref.) — 1 0 0 Milno and Choyce . . — 1 4 0 Ditto (prof.) < — 1 4 0 Ditto (B pref.) .. — 1 4 0 Ditto (deb. stk.) . . 1 4 0 1 3 9 Murchison Oil — 0 1G 0 Newton King, Ltd. (cum. pref.) 0 14 G — 1 N.Z. Fertiliser 4 14 0 4 12 0 • N.Z. Refrig. (con.) . 0 G G 0 6 4 Northern Boot 0 18 0 — Phillipps and Impey — 1 13 0 Sanford, Ltd. 1 3 (> 1 2 6 Ditto (pref.) 1 3 G — Takapuna Tram 0 7 0 — r Taranaki Oil 0 9 3 0 7 G Union Oil — 2 1 6 Wiseman and Sons (pref.) . . . . 1 0 6 — i Wilsons Cement .1 14 0 1 12 9 | MINING— [ Alburnia . . 0 4 5 0 4 3 Bailarat (con.) 0 0 8 — Moanataiari (paid) ... — 0 1 11 Ditto (con.) 0 2 6 0 1 10 Golden Ace (paid) . — 0 0 6 Ditto (con.) 0 0 G Kawarau . . . i 0 2 8 0 2 6 Komata. Reefs 0 0 3 Kuranuf 0 0 10 Lucky Shot (2s pd.) 0 1 9 0 0 9 Ditto (con.) 0 0 11 0 0 8 Majestic 0 1 6 New Waiotahi (4s pd) 0 1 8 0 1 4 Ditto (con.) 0 1 5 0 J 3 New Zeehan Con. . . 0 1 5 0 1 3 Nonpareil (Is 6d pd.) — 0 0 3} Ditto (cou.) — 0 0 2i Ohinemuri 0 6 3 0 5 8 Rising Sun 0 2 0 Waihi o in 11 0 19 G Waihi Grand June. 0 2 (3 0 2 2 N.Z. WAR LOANSW T ar Loan, 19'27, 5 . . — 98 15 0 | Soldiors' Loan, '33, 5} — 100 s 0 N.Z. INSCRIBED STOCK— War Loan, 1927, 6 . 98 10 0 Ditto, 1929. 5 — 98 0 0 Ditto, 1938. 4* 96 12 G Soldiers' Loan. '33, 5} KM) 10 0 100 0 0 DEBENTURES— Auckland Gas, 1932, 5 — 92 0 0 Ditto, 19*0, GJ 102 0 0 100 0 0 Auck. Har. Bd.. 4 — 84 10 0 Ditto, 51 97 0 0 9G 0 0 Ditto, 5i — 9G 1.) 0 Ditto, (i . . . . — 101 10 0 City Auck., 1940, 53 . — 9G 0 0 Ditto, 1943, 5^ — 9G 10 0 Auck. E. Power Bd. 99 0 0 9G 0 0 Auck. Hos. Board . — 9G 0 0 Bor. Mt. Eden. 6i . . — 105 10 0 N.Z. Breweries 1 4 3 1 3 9