COMMERCE AND MINING

New Zealand Times, Volume XLIX, Issue 11304, 1 September 1922, Page 10

COMMERCE AND MINING

THE STOCK EXCHANGE MARKET VERY ACTIVE. WAR LOAN STOCK IN GOOD DEMAND. Yesterday's calls on 'Change indicated .hat the market was still venr brisk. There was an increase of 2s 6d in Inscribed Stock (1938) and (1989), War Bonds (1938) and (1939), and I'.O. Bonds (1927) and P.O. Inscribed Stock (192/). Sellers were willing to take J 899 13s lor Inscribed Stock <1933) and War Bonds (1933 i. Banks were in steady demand, Australasians being at *Bl3 2s 6d, Nationals at £& 19s, New Zealands at *B2 15s, and Unions at *613 2s. Sellers were willing to take £& Is for Nationals, *B2 15s 9d for New Zealands, and *Bl3 5s for Unions. All other shares were in good demand. War Bonds (1933) were 6old at *899 12s 6d. WELLINGTON EXCHANGE. THURSDAY'S QUOTATIONS. <3.15 p.m. call.) Buyers. Sellers jg e. d. jB i. d.

SALES IN OTHER CENTRES. FKR PRESS ASSOCIATION. AUCKLAND. August SI. Sales on ’Clumps:—Waihi,.2Bs 3d. 27s Id: Grand Junction. 19s fid. Sales: —Haul of New Zealand.,sss 3d; PantoivLam'b. 23s 9d; Byoroft, litd.. 17s 9d- Waihi, 288, 27s lOd; Grand Junction Os id. 9s fid. CHRISTCHURCH. August 31. Sales reported:—National Bank, £6; P. and Q. Bank, .£l4; Christchurch Gas, £7 16s. Sales on ■’Change:—New Zealand Refrigerating (10s paid). 13s 3d; Canterbury Frozen Meat, £l3 13s 6d. Sales reported.—Bank of Australasia, £l3 ss: Huddaxt-Parker. £2 10s; New Zealand Refrigerating (10s pd.), 13a 6d; Mount Lyell, 19e. Sales on 'Change.—Canterbury Frozen Meat, £l3 2s 6d , WHEAT CARGOES. Australiah and N.Z. Cable Association. (Received August 31, 5.5 p.m.) LONDON, August 30. IVbeab cargoes are quiet, buyers are not dohfldeht bf the position. Quotations easier." —Parcels are weak at 6d to Is lower, duo to selling pressure from Manitoba. THE GERMAN Mark. Australian and N.Z. Cable Association. (Received August 31. 5.5 p.m.) ' i/INDON. August 30. The exchange rate on Berlin is quoted it 5800 marks to £l. AUSTRALIAN PRODUCE. 3y Telegraph—Press Assn.—Copyright. (Received August 31, 10.30 p.m.). . • SYDNEY, August 31. Oats, Algerian feed, local and Tasnanian, 4s Id to 4s 2d; white, 4e 3d to is sd. Maize, yellow 5s 9d, white 5e 6d. Potatoes, Tasmanian, .£l4. Onions, Victorian, £l4 to £l6. ADM/AIDE, August 31. Oats, 3s Id to 3s 2d. THE HOME MARKETS. MEAT AND TALLOW. The New Zealand Loan and Mercantile Agency Company, Limited, have received the following-cablegram from their London house under date 30th instant: — ‘'Tallow—We quote present spot values for the following descriptions: Fine mutton, 41s 3d per ewt; good beef, 88s 3d per ewt; mixed, 34s fid per ewt. Market quiet. “New Zeeland frozen meat—Lamb, lOjd per lb; mutton, wether and maiden ewe, light 6|d per lb, heavy s|d per lb; ewe, light 4Jd per lb, heavy 4|d per, lb. Market firm. Beef—Ox, hinds 44d per lb, fores 3d per lb; cow, hinds 3Jd per lb, fores 2dJ per lb.’’ Messrs Dalgety and Company, Ltd., report having received the following cablegram from their London house under date of 80th instant :~-“Tallow: 1850 casks tallow offered, 575 casks sold. Since our last wire prices are 6d to Is lower. Good mixed, 88s fid ex warehouse." SALE OF PROPERTY. S. GEORGE NATHAN AND CO. On Tuesday afternoon, before a fair attendance, Messrs S. George Nathan and Co. at their rooms, 105. Customhouse quay, offered by public auction a modem residence of five rooms, with all latest conveniences, situated at 181, Hataitai road, Hataitai, on a section 40 feet by 005 feet. Bidding, starting at £I6OO, quickly rose to £IBSO, at which price it was passed in, but the firm report having since sold the property at £IB6O to Mr Niohoieok WELLINGTON CUSTOMS. The Customs revenue received at Wellington yesterday totalled £7183 16s fid.

Minin**— 0 0 7 6 Consolidated Goldfields 0 0 6 — 6 Waihi 1 7 9 1 8 Wnr I««nns — Inscribed Stock (loStf) 96 10 0 — inscribed Stock (1938) 96 10 Inscribed Stock (1933) — 0 99 15 0 War Bonds (1939) 96 10 0 — War Bonds (1938) 96 12 6 — War Bonds (1933) — 99 15 0 P. 0. Bonds (1927) 95 12 P.O. Inscribed Stock 6 6 (1927) 95 12 Banks— 6 — National 5 19 0 6 1 New Zealand 2 15 0 2 15 9 Union 13 2 0 13 5 0 Financial— .Equitable Building ... 8 0 0 — National Mortgage ... 3 10 National Mortgage 0 _ (London Beg.) ...a.... S 7 0 — 0 Wn. Invest. T. and. A. 0 8 6. — Gas — Auckland (paid) 1 3 Wellington (ord.) 11 10 3 — 0 — Wellington (pref.) ... 0 15 6 — Wn. Debenture Stock 105 0 0 — Insurance — National 3 2 6 New Zealand 1 7 3 — Mepf Freezing — N.Z. Befrigerating (.£1) 1 4 0, — N.Z. Befrigerating (10s) — 0 13 9 Gear 1 17 :0 Trani*OArt — Huddart-Parker (ord.) 2 9 0 Woollen — Kaiapoi (cont.) ......... *0 11 3 — Cob)— Taupiri (ord.) ............ 0 17 0 ■ — Westport 1 13 0 . — Waipa '.. * 0 15 9 • —• Timber — 0 _ Leyland O’Brien 1 15 0 — Taringamutu 1 10 6 — Miscellaneous— IXIC. (prrf.) 019 9 6 National Electrio — 1 2 N.Z. Drue *2 11 9 — Ward and Co — 1 3 9 Wilson’s Cejnent ...... 1 0 3 110 Devonport Bor. Deben101 0 tores (6 p.e.) 100 0 0 0 •Cum. dm Reported sale: — War Bonds (1933), .JJ99 12a 6d.