COMMERCE AND MINING

New Zealand Times, Volume XLIX, Issue 11306, 4 September 1922, Page 10

COMMERCE AND MINING

THE STOCK EXCHANCE MARKET FAIRLY STEADY. NO SALES REPORTED. Saturday's call on 'Change showed the market to be fairly steady. Inscribed Btock (1939) and War Bonds (1938) and (1939) remained in demand at recent rates.- but there was a decrease of 2s 6d. in Inscribed Stock (1938) and a decrease of 5s in P.O. Inscribed Stock (1927) and P.O. Bonds (1927). Inscribed Stock (1933) and War Bonds (1933) were obtainable at i£99 12s 6d. Banks wero in steady demand, Australasians being -at Jll3 2s 6d. Nationals at J 25 19s, New Zealand® at JB2 15s, and Union at iil3 2s. Nationals were obtainable at X 6 Is and New Zealands at £2 15s 6d. There wero no material changes in other lines, the market olosing firm with many buyers' quotations failing to elicit any response from holders. WELtINGTON EXCHANGE. SATURDAY'S QUOTATIONS. (10 a.m. Call.)

v. *Cum. dir; SALES JSLSBWHEB3B. PKB FWBSS ASSOCIATION. . DUNEDIN, September 3. Bales —"Otago Daily Times," £2 9s. NEW BIG RIVER RETURNS. REEFTON, September 2. The New Big River returns for July «k d August dhow that the battery crushed 700 tons of quartz for 639 ounces 6 dv.ts of melted gold. The cyanide plant treated 250 tons of sand for €Soa lldwts of bullion. , The total estimated value is •£2710. _____ FOREIGN EXCHANGES. . ALL ROUND IMPROVEMENT. Australian and N.Z. Cable Association. (Received September 3. 5.5 p.m.) LONDON, September 2. Foreign exchanges have improved all round on the reparation compromise. At Berlin, the mark is quoted at 5650 to the. £l} Paris 57.40 francs to the -8. The Stock Exchange is also much more cheerful. - ■" THE HOME MARKETS. BUTTER AND CHEESE. The New Zealand loan and Mercantile Agency Company,' Limited, halve received the following cablegram from; their London house under date Ist instant : New Zealand butter, 206 s to 210 s per cwt; market quiet. Cheese, 82s to 90s per cwt; market firm. FROZEN MEAT LATEST LONDON*QUOTATIONS. , Australian and N.Z. Cable Associations (Received' September 3, 5.5 p.m.) LONDON, September 1. SHEEP. ' Canterbury, light 71d. medium 64d, heavy std; North Island 6d and «id- New Zealand ewes, sd. Australian firsts. s£d, seconds sid owes M. South American, light OJd, heavy s}d, ewee44d. Patagonian, heavy sd. LAMBS Canterbury, light 11 id, medium llld, seconds 10|a; Southland, lOid; North Island, ordinary lOfd; South American, light lOid, heavy 9|d. - FROZEN BEEP. Argentine fores Sid, hinds 5Jd, chilled Argentine 3id, hinds 7Jd. Other meats unchanged. WHEjAT CARGOES MARKET NOMINALLY UNCHANGED. Australian and N.Z. Cable Association. (Received September 3, 5.5 p.m.) LONDON* September 1. Wheat cargoes quiet. Prices are nominally unchanged, Australian cargoes afloat ere quoted '6os 6d, and parcels were inclined to be easier at the opening- of tho market on account of freer Canadian offerings, but closed steadier on receipt of better American advices and speculative covering. A feature of the market Was the sale of a New Zealand parcel for an East Coast port at 44s per 4801 b. WELLINGTON CUSTOMS. The Customs Tevenue received at Wellington on Saturday totalled .£1913 13s Id.

Buyers. Seiler. JB a. d. Jt a. d. Miohijr*Blackwater 0 7 0 Mount Lyell 0 13 0 — \Vaihi — 3 Waihi Grand Junction 0 9 Wnr Ivoivns — Inscribed Stock <1939) 96 16 0 — Inscribed Stock (1938) 96 15 0 — 6 Inscribed Stock (1933) — 99 12 War Bonds (1999) 96 15 0 -- War Bonds (1938) 96 15 0 — War .Bonds P.O. Bonds (1927) — 6 99 12 6 95 17 — P.O. Inscribed Stock 95J? 6 (1927) Banks— Australasia 13 2 6 National 5 19 0 6 1 New Zealand 2 15 0 2 15 13 2 0 — Financial— Goldsbrough Mort 2 2 6 _ National Mortgage 3 9 0 . —- National Mortgage (London.' Reg.) ... 3 7 0 — Wn. Invest. T. and A. 0 8 6 — Gas — Wellington (ord.) 11 7 6 Wellington (pref.) 0 15 6 — Insurance— 3 3 0 _ New Zealand Moat Freezing— 17 3 N.Z. Refrigerating 1 3 9 0 13 9 N.Z. Befrigerating 10s> 0 IS 3 Gear Wn. Meat Export (£3 j2 12 1 17 C 12s 6d) Transport— 0 6 Huddart-Parker (ord.) •2 10 — Union Steam (preO;£i w 0 19 3 Woollen— Wellington (ord.) — » 0 0 Coal— Taupiri (ord.) ...... 0 17 0 — Westport 1 12 0 — 0 16 6 — Weetport-Stockton 0 4 6 — .Timber — Kauri 1 7 0 Ley land O'Brien ... 1 15 - — ; Taringamutu. 1 10 6 Miscellaneous — 0 19 9 — Howard Smith 2 10 0 — •2 12 ,3 Wairarapa Farmers’ 0 17 0 — 1 3 9 Wilson's Cement . - —. 1 0 3 Bevonport Bor. l)ebentores 190 0 0 101 0 U Wn. Racing Club . .. 106 0 0 —