COMMERCE AND MINING

New Zealand Times, Volume XLVI, Issue 10537, 13 March 1920, Page 12

COMMERCE AND MINING

*Cum div.; tE-X div.; sale reported, Wright, Stephenson, £4 ISs. QUOTATIONS ELSEWHERE. PEE PRESS ASSOCIATION’. ‘ CHRISTCHURCH. March K. Sale on 'Change:—■ JBeatk and Co. 'dll 17s. Sales reported: New Zealand Refrigerating (partlj paid), ill Bs 9J (two sales). DUNEDIN, March 12. Sales on 'Change:— Now Zealand Sugar of Milk, f6a. BANK OF AUSTRALIA. [Australian and' N.Z. Cable Association. ] (Received March 12, 9.35 p.m.) LONDON. March 11. The Bank of Australia profit is £537,822. It is proposed to -capitalise a million of the reserve bv allotting the proprietors two new fully paid AMO shares for each five held on May 12th. EXCHANGE RATE. Australian and N.Z. Cable Association. NEW YORK, March 10. The exchange rate is 3.G0 dollars to the r £l. Wall street had the most exciting day of the year. There was an important gain in standard issues. NEW YORK. March 11. Thera has been, a sharp recovery in the sterling exchange rate, which is now 3 dollars 82-i cents to the pound sterling. BADAK TIN SHARES. MELBOURNE, March 12. Badak tin shares rose from £1175 to tSISOO to-day. AUSTRALIAN PRODUCE. MELBOURNE, March 12. Barley, English, 7s 3d to 7s 6d per Jtushel; Cape, Os 2d to 6s 6d, Oats, Algerian, nulling, 5s BJd to 5s lOd; feed, os 5d to os 6d. Potatoes, £6 to £6 10s per ton. Onions, £l2 to £l2 10s per ton. MELBOURNE HIDE SALES. MELBOURNE I , March 12. The hides market is very brisk. Medium and heavies are a half-penny better, and other grades are firm at late rates. HIDE AND TALLOW. Dalgety and Company, Limited, ■Wellington. "report having held their usual fortnightly sale of hides, tallow, etc., to-day, when they offered a good catalogue. The usual buyers were in attendance, also several representatives of Australian, firms. All lots were keenly competed for, heavy ox hides advancing 2d to 3d per lb, medium weight ox and cows Id to 2d, and kips also showed a slight advance. For calfskins as high as 30id was obtained, being an advance of 2id on the highest price paid last Bale. ( Prices for tallow were about on a par tith last sale’s rates. CANTERBURY MARKETS. PER PRESS ASSOCIATION*. CHRISTCHURCH. March 12. There is little change to _ report in grain and produce. The price of Garton oata has firmed and they are worth 5s at country stations for good samples. This price is not prompt, there being 'extensive offers. - Growers are expecting values to improve. Until the interisland shipping gets out of its present condition purchases for northern cornsumption will bo very much hampered. Algerians and Dun» are still very firm and any available are eagerly snapped up regardless of a few pence in price. Ail grass and clover seeds, with the exception of cocksfoot, are very firm. Italian rye is worth 6s 6d at country stations and perennial 7s to 7s 3d. White clover has - been sold at 2s 6d. There is a good inquiry for all kinds of seed from the north and a wonderful quantity has been bought for the , Hawke’s Bay district. The cocksfoot crop is proving very costly to dress, the bulk coming forward containing a good deal of fog, etc. This has eased the price for undressed seed. Onions are not much in request. Potatoes are nominally worth. £5 5s to £5 13s at country stations. Eowl wheat is practically non existent as at present sellers are taking wheat this year for milling that in previous seasons would be discarded. The recent bad weather should result in soma prevision in the matter of fowl wheat, hut in any case it -will bo unprecedentedly scarce. WELLINGTON CUSTOMS. Tho Customs revenue received at Wellington yesterday totalled £7612 Os 7d.

WELLINGTON STOCK EXCHANGE. TESTES PAY’S QUOTATIONS. Buiin. Seller*. 4 «. d. 4 ®. <1 Mining— Blackvratcr 0 . Alt. Lwll — 1 8 3 Tali sin a n — 0 9 o Junction — 0 12 6 Inscribed Slock (1233) 25 2 6 - 0 War Bonds (192S/ — Do a War Bonds (11)31)) — Uo 1 j S p.c. Inscribed Stock 27 la 0 — National Lank (i 11 6 — Bank of Now South Wales 36 5 0 Bk. N.Z. (.23 (is Sd) ... 17 0 0 — Union Bank 12 15 0 12 17 c Abraham and Williams 5 2 0 3 12 0 Cxoltlsbrougli Alort. ... 2 9 3 3 10 6 Metropolitan Berm. ... — 14 15 0 Loan ami Mercantile — 114 0 0 National Ins. Co., Liai. 4 0 0 4 1 B 6th. British Insurance 9 9 0 0 Standard Co., Ltd. ... — +3 G N.Z. llefrigcrating (10s) 1 9 10 1 10 2 Huddart-Parker 2 15 6 2 13 9 1 J . and O — coo • 0 U Wellington Woollen ... 9 2 6 — Westport Coal — 1 12 9 Westport-Stccktoa Coal 0 8 2 0 .Wat pa Coal — ‘0 17 Kauri Timber Gas) ... 0 IS 0 —* Loviand-OMJrmn 1 5) 6 — Crown Brewery 1 15 9 — N-Z. Drug *3 4 0 — Paper Alllls 1 15 0 —* Sharland (rights) 0 7 0 -0 8 0 .Wairarapa Barm trs* {£o) r C G 0 Wilson’s Cement — 0 16 1 Wright, titcphenson ‘T'J'ef.) — 4 18 0