COMMERCE AND MINING

New Zealand Times, Volume XLIX, Issue 11307, 5 September 1922, Page 10

COMMERCE AND MINING

THE STOCK EXCHANGE MARKET FAIRLY BRISK. WAR LOAN STOCK IN GOOD DEMAND. Yesterday’s call* on 'Change showed the market to be fairly brisk. There was an increase of os in Inscribed Stock (1938) and (1939) and War Bonds (1939). Inscribed Stock (1933) and War Bonds (1933) were at £99 7s 6d, while War Bonds (1911) were at £97. There was a decrease of 2s 6d in P.O, Bonds (1927), and a decrease of 5s in P.O. Inscribed Stock (1927). Sellers were willing to take .£99 12s 6d for Inscribed Stock (1933), £9B for War Bonds (1930), and .£99 12s 6d for War Bonds (1933). Banks were fairly active, there being an increase of Gd in New Zealands, la in Nationals, and 2s in Unions. Australasians remained at <£l3 2s 6d. There was one sale on Change. WELI INGTON E .CHANGE. MONDAY’S QUOTATIONS.

TRANSACTIONS ELSEWHERE. AUCKLAND SALES. VEX PBEBB ASSOCIATION. AUCKLAND, September 4. dales on ’Change.—Goldsbrough Mart, £2 3s 3d: Auckland Gas Co.. £1 4s; Hud' dart-Parker Co., £2 11s 3d; Northern Steamship Co., 13s 3d; Kauri Timber, £1 7e 6d; Parker and Lamb, £1 3s 9d; Auokland Tramways. 18s 2d, 18s 3d; Wilson’s Cement, 20s 3d; Moanatiri, 3s Bd, 3s 6d, 3s 4d, 3s 3d; War Bonds, 1938, £97 12s 3d; Inscribed Stock, 1938, £97 7s fid; 1939, £97 7s 6d. DUNEDIN "TRANSACTIONS. v PEB 7BBSS ASSOCIATION. DUNEDIN, September 4. Sides on ’Change.—Grand Junction, Government 1939 Bonds, £97 2s Gd. ” WHEAT CARGOES. BETTER INQUIRY. Australian and N.Z. Cable Association. ■ LONDON, September 2. Wheat cargoes are steadily held for about late rates, but the demand is poor. Australian afloat is quoted at 50s 6d per quarter. Parcels firm, occasionally 3d dearer. Better inquiry, but no actual business doing. Australian afloat, 60s. THE PRODUCE MARfCET. TOWNSEND AND PAUL’S REPORT-. ' Messrs Townsend and Paul, Ltd., report as follows:—We advise consignments of best grades first opportunity. Following are quotations for best grades : Apples; Jonathans Bs, 9s; Delicious 14s. 13s; Mnnrces 7s 8s; Lord Wolseleys 8s fid; Doughertys, 10s, 12s; Rome Beauty 10s; Ballarats, 8s; Epps, 6s; Wash, tngtons Bs, 10s. Walnuts, Is 2d'her lb. Pears: Coles and Nelis, 14s, 16s; Vicars, 8s: P. Earrv, 9s: Easter Benrre 8s; Keiflers, Bs, 10s. Poorman oranges large, 8s fid per case. Potatoes, £7 to £7 10s per ton; lettuce, 5s per case; onions, 'Frisco 22s crate, 20s per cental; cabbages, good 9s, extra good 10s sack; cauliflowers, 14s per sack; marrows, 6s per sack; parsnips, 6s; carrots, good,’ 6s sack; spinach, 6s per case; pumpkins, 5s 6d, 6s fid sack. Eggs, fresh. Is 2d; fungus, wanted, 8d per lb; butter. separator. Is 4d lb; poultry, bens 4s fid, 5s fid; cockerels, heavy Bs, light, 5s fid. fis: ducks 9s. 10s; geese, 10s; turkeys Is lb. Skins, bides, fat and tallow at market rates. Dressed pork, 70's to 100’s 7d per lb; prime. 7ld: choppers. 4id lb. WELLINGTON MARKETS. LAERY AND CO.’S REPORT. Laery «nd Co., Ltd., Wellington, re. port present values. Wellington market : Apples—Fancy Delicious, popular sizes 17s fid, 19a fid, choice 15s fid 17s, Jonathans, fancy 8s fid to 10s, choice 7s fid to 8s; Stunners, fancy, popular sizes, 10s to 12s, choice 8s to 9s fid; Washington, 9s to 10s fid; Munroes and Wolseleys, 8s to 9s; Statesman, 8s to 9s; Ballarat, 7s fid to 8s fid; Pioneer and Rome Beauty 8s to 9s; Dougherty's, Hawke’s Bay, 9s fid 11s fid; Nelson, 8s to 9s fid; Epps, 5s to fis; Bokewoods, 7s to 8s bushel case. Pears—Choice Nelis and Cole, 21 to Of, 16s to 17s; Barry, 10s to 12s; Keiflers, 7s fid to 8s 6d; Diels and Vicars, 8s 6d to 9s fid bushel case. Lemons— Auckland, choice cured, 10t to 12s. Poorman oranges, large 9s 9d to 10s bushel case. Kumeras 10s to 12s cement bag; pumpkins, ironbark 3s to 4s; cauliflowers. choice 17a to 21s; cabbage, choice 14s to 16s sack; green pcae, 3s fid to 4s sack; eggs, fresh Is 2d to Is 3d dozen; bntler, farmers' separator and dairy, Is 8d pound; walnuts, choice, bright, Is 2d to Is 3d pound; fowls, fis to 7s fid; ducks, 12s to 15s per pair; turkeys. Is to Is Id pound; fungus, 8d pound; basic slag, £6 10s ton.

AUCKLAND STOCK EXCHANGE MARKET FLUCTUATIONS. PFR PRESS ASSOCIATION. AUCKLAND, September 4.

CANNED FRUIT TRADE PURCHASES NEGLIGIBLE. Australian and N.Z. Cable Association. (Received September 4, 5.5 p.m.) LONDON, September 2. Tho canned fruit trade is going from bad to worse. With the continuance of cold, wet weather the demand is almost nothing. One large wholesale grocery firm, employing forty travellers throughout the United Kingdom,, only received orders from them for three cases of fruit in one week. Tho quantity for delivery from the chief London wharf where fully 150,000 oases are etored. amounted, last week, to only about fifty oases. Some holders of canned fruit not belonging to tho pool tried an auction sale. About 5000 cases of Australian peaches and pears were offered, and only two lots were sold, although tho reserves fixed were at very modest levels, the highest bids being 10s for a dozen 27 ounce tins. MISCELLANEOUS MARKETS. Australian and N.Z. Cable Association LONDON, September 2. Cotton, Liverpool quotation: American middling upland, October delivery, 12.77 d per lb. Rubber, fine hard Para, IOJd per lb;

plantation, first latex crepe, 6Sd; smoked ribbed sheet* 68d to 7d Copra, South Sea, October shipment, £22 10s per ton. Jute, native, first marks, September-October-November shipment, £32 10s per ton. New Zealand hemp, September-Octo-ber shipment, £32 10s. Linseed oil, £34 10a per ton equal to 2s 9Jd per gallon. Turpentine. 95s per owt equal to 7s 2d per gallon. Tallow stocks, 7916 casks; Imports during August, 4095; deliveries, 89S0.

<3.15 p.m. oall.) Buyers. Sellors & a. d. X s. d. Minin*— Blackwater 0 7 6 Mount Lvell 0 19 0 — Waihi — 1 8 3 War J.onns— Inscribed Stock (19391 97 0 0 Inscribed Stock (1388) 97 0 0 — Inscribed Stock <1983) 99 7 6 99 12 6 War Bonds (1941) War Bonds (19S9) 97 0 0 — 97 0 0 — War Bonds (1938) 97 0 0 — War Bonds <1930) ...... — • 98 0 0 War Bonds (1933) 99 7 6 99 12 6 P.O. Bonds (1927) P.O. Inscribed Stock 95 15 0 ■ (1927) Banks— 95 10 0 Australasia 13 2 6 National 6 0 0 6 1 t> New Zealand 2 15 6 2 IS 0 Union . 13 '4 6 — Financial— Goldsbrough Mort 2 3 0 N.Z. River Plate ...... National Mortgage 0 19 0 (London Keg.) Gas— 3 7 0 Napier (.£10) Wellington (ord.) a 10 o 11 11 0 wWellington (pref.) 0 15 10 — Wellington (Debenture Stock) 103 0 0 — Insurance— National 3 3 9 New Zealand 17 6 —■ Meat Freezing— N.Z. 'Refrigerating (10s) 0 13 3 1 17 G Wn. Meat Export (J65) Wn. Meat Export (£3 4 0 0 12a 6d) Transport— " Union Steam (pref.)... 0 19 3 — Woollen— Kaiapoi (cont.) •0 10 9 - —. 0 0 Moegiel Wellington (pref.) ....... z 9 0 Coal— Tannin. (ord.) 0 17 0 0 17 6 Westport 1 13 3 Westport-Stockton (ord. 0 4 6 — Waipa 0 16 0 — Timber— Kauri 1 7 0 — Taringamutu 1 11 0 — Miscellaneous— C. M. Banks (ord) .... 116 D.I.C. (pref.) 0 19 9 — 0 1 6 Wairarapa Farm ers 0 17 0 Ward and Co — 1 3 9 Wilson’s Cement — 1 1 0 •Ex div. Morning CallSale on ’Change: Gates, Ltd., XI 3s.

buyers. Seller je s. d. Ji s. <1 Batiks-* Australasia 13 4 0 IS 8 0 Commercial 1 12 9 6 Commercial (pref.) ... 6 6 0 — 6 5 19 6 N.S. Wales : 35 0 0 35 17 6 2 15 0 2 15 3 17 6 14 10 13 2 6 13 6 National 3 4 6 — 9 New Zealand South British 18 0 1 8 — Commercial — 10 0 0 2 3 3 Dalgety Goldsbrough Mort 2 4 0 National Mortgage .... 8 8 0 — 0 19 4 Loan and. Mercantile v u Loan and Mercantile Coal— Hikurangi (pref.) ...... 0 10 0 ~ Taupiri (pref., 17s 6d) Tau.piri 0 10 0 0 17 3 0 17 6 IIT 1 11 9 1 13 0 Gas— Auckland 13 9 1 4 0 Auckland (cont.) 0 18 0 — Shipping— Devonport Ferry 14 0 1 5 0 Huddart-Parker 2 11 0 2 11 6 Northern Steam Northern Steam Co. 0 13 1' 0 13 0 6 3 0 6 2 8 P* and 0 300 0 0 320 0 0 Union Steam (prof.) ... 0 19 0 0 19 9 Miscellaneous — Kauri Timber 17 3 1 8 0 Leyland O'Brien 1 14 0 — Parker and Lamb — 1 4 0 Auckland Trams Auckland Trams 0 18 1 0 18 6 (pref.) 0 17 8 0 18 3 Gear Meat — 1 19 0 N.Z. Drng 2 12 0 — N:Z. Express Co — 0 16 3 Paper Mills N.Z. H efri?er ating — 1 2 0 14 0 (cont.) 0 13 , 0 0 Wilson’s Cement 1 0 3 1 Q 6 Minincr— Hauraki Beefs _ 0 0 2 Hauraki Mines — 0 2 6 Hauraki Mines (cont.) — 0 0 6 Muir’s Heefs 16 6 1 9 0 Oliinemuri — 0 2 3 Waihi 17 6 1 8 0 Grand Junction 0 9 7 0 10 0 Moana Taiari 0 3 0 0 3 4 Debentures — Auckland Gas (1928)... 100 10 0 — Auckland Harbour (6 ner cent.} 100 10 0 — City of Auckland 92 10 0 (1910) 1 — War Loans — War Loans (1030) 97 0 0 War Loans (1938) 97 5 0 — War Loans (1933) 97 5 0 — War loans (1927) ...... 35 12 6 — Soldiers’ Bonds 99 0 0 99 10 0 N.Z. Inse. Stock (1927) 95 12 6 — N.Z; Insc. Stock (1929) 94 15 0 — 0 N.Z. Insc. Stock (1938) 97 5 0 98 0 N.Z. Insc. Stock (1939) 97 5 0 — 0 Soldiers' Insc. Stock... 99 5 0 99 10 Devonport Borough... 100 0 o 101 0 0 101 0 0 DUNEDIN SHARE JMARKET ‘ STOCK QUOTATIONS. PER PRJSSS ASSOCIATION. DUNEDIN, September 4 Prices of share quotations are as u ndor i— ' , Buyers. Sellers. JS s. d. £ B. d. Banka— ; 13 7 e New South Wales — 36 0 0 New Zealand 2 15 0 2 15 9 National 6 0 0 6 2 0 P. and O. 14 0 0 — Union. ; 13 2 0 — Insurances-r , 3 4 9 Nesr Zealand 18 1 1 8 6 Standard n io 6 1 12 0 Shipping— Huddart-Parker 2 10 3 2 12 0 New Zealand 10 0 0 P. and O ...See 0 0 320 0 0 Union Steam (pref.) ... 0 19 5 1 0 0 Miscellaneous— N.Z. Coal and Oil 0 2 6 Westport Coal ;... 1 12 0 1 12 9 Goldabrough Mort 2 3 0 — National Mortgage ... N;Z. Loan and Mer3 10 0 3 13 0 cantile 75 0 0 Perpetual. Trustees' ... 1 16 6 — Trustees Executors ... N.Z. Refrigerating Co. 2 6 6 (paid) .v........™. N.Z. Hefrigerating Co. 14 3 15 0 (cont.) 0 13 0 0:13 ,5 South Otago Freezing 4 7 0 Brown Bwipg (ord.) ... 15 0 — Brown Ewing (pref.)... 10 0 — D.l.C. (ord.) 0 11 0 — D.I.C. (pref.) 10 0 ' Dominion Kubber Durwkdih Stock Exch0 7 0 0 9 0 119 6 Kaiapoi Woollen (cont.) Milburn. Lime and tO 10 6 0 11 6 Cement 1 11 6 1 12 0 McLeod Bros. 13 10 0 . National Electric —- 12 6 N.Z. Drug Co 2 12 6 — N.Z. Express (ord.) ... — 0 16 3 N.Z. Hardware (ord.)... 0 7 0 — N.Z. Hardware (pref.] ■’ 0 15 3 N.Z. Paper Milla (pd.; 10 9 — "Otago Daily Times"... Smith and Smith 2 8 6 , (pref.) Wilson's N.Z. Cement 0 18 0 10 6 Mining— Nokoma?. Hydraulic ... 0 9 0 Bising Sun — «. i 0 Waihi 17 3 ■ Waihi Grand Junction 0 9 9 0 10 0 Electrolytic Zinc 13 6 • •— Mount Lyell 0 19 0 0 19 6 War Loans— War Bonds (1990) 96 17 a War Bonds (1938) 97 2 6 97 10 0 War Bonds (1939) Soldiers* Insc. 1 Stock 97 2 6 (1933) — 99 15 0 Inscribed Stock (1938) 97 0 0 — Inscribed Stock (1939] Inscribed. Stock (1933) 97 0 0 —- — 99 15 0 Postal Bonds (1927) •... P.O; Ii scribed Stock 96 2 6 .. — (1927) P.O. Inscribed Stock 96 0 0 — (1929) 96 2 6 — Inscribed Stock (1929) 96 0 « •Cum div. tEx dir.