COMMERCE AND MINING

New Zealand Times, Volume XLIX, Issue 11367, 14 November 1922, Page 10

COMMERCE AND MINING

THE STOCK EXCHANGE .j MARKET FAIRLY STEADY WAR LOAN STOCK IN FAIR DEMAND. Yesterday calls on ’Change showed the market to ho fairly steady. Inscribed Stock (1938) and (1939) and I\ ar Homls (1930), (1938) and (1939) were in demand at .£96 as, Inscribed Stock (1933) at A'99 13s Gd, War Bonds (1933) at .£99 10s 6d and l’.O. Bonds and F. O. Inscribed Stock (1927) at .£96 7s 6d. Sellers were willing to take d£99 17s 6d for War Bonds (1933) and Inscribed Stock (1933). Banks were in steady demand, Australasians being asked for at -£l3 ss, Nationals at t£6 2s 6d, New South Wales at ,£35, New Zealands at .02 16s Bd, and Unions at JJIB 6s 6d, Nationals (new issue) were obtainable at .£6 Is, New South Wales at J 635 7s 6d, New Zealands at £2 17s, Unions at 3513 7s 6d, and P. and O. Banking Bonds at XU 2s 6d. One sale was reported.

WELLINGTON EXCHANGE MONDAY’S QUOTATIONS.

SALES IN OTHER CENTRES. Per Press Association. AUCKLAND, November 13. Sales:—Auckland Gas. 245; Moanataiari, 2s 8d: Grand Junction, Ids'2d. 10s 3d, 10s 4d. CHRISTCHURCH, November 13. Sales reported Government 4J, per . sent. Loan, 1938, 3596 12s 6d; National Sank, 3:6 3s 6d; New Zealand Refrigerating (JEI paid), £1 6s 9d; Christchurch 3ae, 3!7 14s 6d; Electrolytic Zinc (pref.), £1 7s 3d. Sales on 'Change:—Union Bank, £l3 9s 6d; Goldsbrough Mort, £2 Is 6d. > i DUNEDIN, November 13. Sales on ’Change.—Papuan Products, 6d (two- parceßfc Waihi Grand Junction, Ids'3d. Sales reported.—Mosgiel, £9 11s; Papuan Products, 6d. LONDON PRODUCE MARKET The Bank of New Zealand, produce department, has received the following advice from its London office under date 10th inst. : ‘‘Butter.—Firm. 214 s to 216 s per cwt. “Cheese.—Stocks practically cleared. 126 s to 130 s per cwt. “Frozen meat. —Mutton market has advanced, present demand likely to continue. Lamb market dull owing to absence of demand. Beef depressed owing to heavy arrivals of Argentine. Wethers, light 84d to 9Jd per lb. heavy 8d to B}d per lb; ewes, 6d to 7d per lb; lambs, light 12d to 12jd per lb, heavy 10Jd to lid per lb, seconds llid to ll|d per lb; ox, hinds 4id to 4|d per lb, fores 3d to Bid pet lb; cow, hinds 3id to 4RI per lb, fores 2jd to 3d.” DAIRY PRODUCE Dalgety and Company, Limited, report having received the following cablegram from their London house under date of the 9th instant:—“Butter : Market firm. We quote New Zealand, salted, 2145; Australian, good average quality, 198 s; Danish, 222 b; finest Australian salted, 2|)6s, unsalted 210 s. Cheese: Market steady. New Zealand, 128 s; Australian, 124s?’ Messrs A. H. Turnbull report:—We are in receipt of a cable from Messrs Weddel and Co., Ltd., dated London, November 11th, reading as follows: —New Zealand butter, 2245; New Zealand salted butter, 214 s to 2165; market steady. New Zealand cheese, white, 128 s to 130 s; New Zealand cheese, coloured, 128 s to 130 s; stocks exhausted. FROZEN MEAT Dalgety and Company, Limited, report having received the -following cablegram from theii- London house under date of the 9th instant:—“Frozen meat: New Zealand prime crossbred Jamb, Can-’ terbury, heavy- 103 d; Canterbury, light 124:1; North Island, heavy 10) d North Island, light 12R1. Demand poor, market weak. Prune crossbred mutton ( anterbury, heavy and light not quoted; North Island, heavy 7)d; North Island, light Bld. Demand moderate, market very firm. New Zealand primo ox beef, hinds 4Jd, fores 3*d. Demand better owing to cold weather, market weak. Good average quality crossbred lamb Australian, light 12d to 12RI; good average quality crossbred mutton, Australian, heavy Old, light 7<l. Demand for Australian lamb limited. Demand for Australian mutton moderate. Demand checked for frozen mutton and lamb owing to higher prices asked.”

DUNEDIN SHARE MARKET

WELLINGTON CUSTOMS. The Customs revenue reoeived at Wellington yesterday totalled £3962. The late arrival of the boat from the East with tne new season’s wool-packs is causing some concern amongst mercantile houses and the farming community in the Wanganui district. At the present time the shortage is very acute. The irregular weather 4s, of course, holding up shearing, but ae soon as it sets in fine again, farmers in this district will he particularly anxious to get on with the work (says an exchange). Its the shearing started earlier here than In the South Island, the demand for backs at the present time is naturally Snore extensive.

<3.15 Calls) Buyers Seliere. X 6. d. JS s. d. Minin*-— Waihi l li 0 *1 11 6 Waihi Grand Junction 0 9 11 — Electrolytic Zinc 1 8 0 — \V»r Inscribed Stock (1939) 96 5 0 — Inscribed Stock (1988) 96 5 0 — Inscribed Stock (1933) 99 12 6 99 17 6 War Bonds (1939) 96 5 0 — War Bonds (1938) 06 5 0 — War Bonds (1930) 96 5 0 — War Bonds (1933) 89 12 6 99 17 6 5 p.o. P.O. Bonds (1927) 96 7 6 — 5 p.e. Inscribed Stock (1927) 96 7 6 — Banks— Australasia 13 5 0 —» National 6 2 6 — National (new) .. 6 1 0 New South Wales 33 0 0 85 t 6 New Zealand 2 16 8 2 17 0 Union Bank 13 6 6 13 7 6 P. and O. Banking ... — 14 2 6 Financial — N.Z. Loan and Mercantile 74 0 0 River Plate 0 19 6 — A\ n. Investment 0 9 3 — Wellington Deposit ... 0 8 0 — W n. Trust Loan 5 7 6 — Ga«-r Auckland Gas 1 3 9 ' — Christchurch — X 19 0 Napier 10 5 0 — Wellington 10 0 0 11 0 0 Wellington (pref.) 0 15 6 Wn. Debenture 103 0 0 L05 12 6 \\ ellington Fractions 0 5 0 0 5 3 InsiTiin.-e^ New Zealand 1 7 4 1 7 9 South British 1 IS 0 — Meat rreservtnjr— N.Z. Refrigerating <•£0 1 6 3 — N.<. Refrigerating (10s) 0 13 9 0 14 *> Gear 1 14 6 — V Transport— Huddart-Parker 2 11 0 2 11 9 U.S.S. Co. (pref.) 0 19 6 — Woollen— Kaiapoi 1 3 0 — Mosgiel 6 12 6 — Wn. Woollen ford.) ... — 9 2 6 Wn. Woollen (pref.)... — 9 2 6 Coal — Hikurangi (pref.) 0 13 0 0 15 0 Westport 1 13 6 1 14 6 Waipa 0 16 3 — Timber— Xeyland O'Brien *1 19 3 — ntnngamuta 1 11 0 Miscellaneous— Grown Brewery 1 14 0 — Howard Smith 2 5 () National Electric 1 2 3 N.Z. Drug 2 13 0 Paper Mills *1 3 4 Parenga 0 7 6 Sharland and Co — 1 2 0 Wairarapa Farmers ... — 4 10 0 Wairarapa Farmers’ . (pref.) — 0 17 6 Ward and Co. 1 3 0 — W ileon Cement 1 1 6 1 2 o *Cum div. Reported sale.—Bank of New Wales, «£35 5s.

1 YESTERDAY'S QUOTATIONS. 1 PI* PBKSO ASSOCIATIONDUNEDIN, November 13. Buyers. beller». 'fi s. d. £ a. d. Banks— Australasia 12 18 0 13 4 0 Now South Wales •• •• 35 5 0 New Zeal..nd 2 16 6 2 17 0 National 6 3 0 — P. and. 0 14 0 0 — Union 13 6 0 InsuranceNational 3 7 0 17 5 1 7 10 1 16 0 South British Standard 1 11 9 — Shipping— * Hnddart-Parker (ord. 2 11 0 2 12 0 New Zealand (prof.) ... P. and O. Deferred 10 0 0 Stock 303 0 0 320 0 0 Union Steam (pref.) .. 0 19 7 10 0 Coal— 0 18 0 1 13 9 1 14 3 \ Westport - Stockton (or<l.) Westport - Stockton 0 5 0 0 9 0 Miscellaneous— Goldsbrough Mort 2 1 0 2 2 6 Loan and Mercantile 76 0 0 — N.Z. and River Plate 0 18 9 — Perpetual Trustees .. 1 16 6 — Trustees Exchange and Agency Wright, Stephenson 2 6 6 — (ord.) Wright. Stephenson 13 6 13 6 Wright, Stephenson 0 17 6 (pref.) N.Z. Refrigerating — 0 14 3 Southland Frozen Meat (ord.) 1 6 0 — Brown, Ewing (ord.)... 1 5 0 — Brown, Ewing (pref.) 10 0 — Bruce Woollen Co. ... 1 12 0 1 18 0 D.I.C. (ord.) prem. ... — 0 2 6 D.I.C. (pref.) 10 3 — Dominion Rubber Donaghy's Rope and 0 18 0 1 10 3 0 18 6 Twine Dunedin - Kaikorai — Trams 14 0 — Dunedin Stock Exchange Proprietary 2 0 6 — Dunlop Rubber 10 0 — Kaiapoi Woollen (ord.) 13 0 14 6 Kaiapoi Wool, (cont.) 0 12 3 — Kaiapoi Wool. (pref.)... Milburn Lime and Ce110 ment 1 10 9 1 11 6 Mosgiel Woollen 6 11 0 — McLeod Bros. Soap ... 15 0 0 — National Electric 12 3 — N.Z. Drug 2 13 6 — N.Z. Malaj Rubber ... N.Z. Paper Mi Ids 0 7 0 — (paid) N.Z. P a t> e r Mills 13 6 — 0 3 6 — N.Z. Sugar Milk 15 0 — "Otago Dairv Times" Papuan Products 2 15 0 0 0 9 Smith & Smith (pref.) 0 19 0 — Wilson's Cement 115 1 2 0 Mining— Nokomai Hvdraulio ... 0 11 0 Rise and Shine — 0 2 6 Waihi 1 11 0 1 12 0 Grand Junction 0 10 2 0 10 5 Mount Lvell 113 12 0 War Loans— War Bends (1930) 96 2 6 97 2 6 War Bonds (1938) 96 2 6 97 0 0 \ War Bonds (1939) 96 2 6 97 0 0 Soldiers' Bonds 97 17 6 Inscribed Stock (1938) 97 0 0 — Inscribed Stock (1939) 96 0 0 97 0 0 Ins. Soldiers’ (1933) ... 99 17 6 — Postal Bonds 96 5 0 — Postal Bonds (1929) ... 96 0 0 ** • AUCKLAND STOCK EXCHANGE LATEST QUOTATIONS. rSB PRESS ASSOCIATION. AUCKLAND, November 13. Buyers. Sellers. £ s. d. £ s. d. Banks— Australasia 13 0 0 _ Commercial — i 14 6 National 6 2 0 — New South Wales '34 17 6 35 7 6 New Zealand 2 16 6 2 16 9 Union 13 6 0 — ' InsuranceNational 3 7 0 3 8 0 New Zealand 17 6 1 7 9 South British 1 15 0 116 Q Standard — 1 13 0 Coal— « Taupiri 0 17 0 0 17 6 Taupiri (pref.) 1 2 6, Waipa 0 16 3 Westport 1 13 3 ' —* Gas— Auckland 13 9 1 4 6 Auckland (cont,) Shipping— Huddart-Parker 0 19 1 "" . 2 11 3 2 12 0 Northern 0 13 0 — Northern (cont.) 0 6 0 0 6 8 P. and 0 300 0 0 320 0 0 Union (pref.) 0 19 3 — Timber— Bartholomew 0 13 0 19 0 Miscellaneous — Goldsborough Mort .... 2 0 0 2 16 River Plate 0 19 6 — Loan anid MercantileLoan and Mercantile 13 0 0 — (pref.) 71 0 0 — Leyland O'Brien 1 17 0 — Auckland Trams 0 17 6 0 18 6 Auckland Trams (pref.) 0 17 6 0 18 9 Bycroft 0 18 0 — Sugar (Australia) 34 0 0 — Sugar (Fiji) Gear Meat 9 15 0 1 14 3 1 17 0 Newton King (pref.) ... 0 12 0 0 17 0 N.Z. Express — 0 16 9 Milk Products — 12 6 Paper Mills ISO N.Z. Refrig, (cont.) ... 0 14 3 0 14 4 Wilson's Cement 116 119 Mining— Moanataraia 0 2 0 1 11 0 0 10 3 0 3 6 1 11 3 0 10 6 Grand Junction Debentures— Auckland Gas (1928)... 102 10 0 __ A u c k 1 a nd Harbour Board (6 per cent.)... 102 0 0 _ A n c k 1 a nd Harbour Board (51 p.c.) City, of Auckland (1940) 3 10 0 3 10 0 — Mount Eden 104 10 0 Byoroft 93 0 0 97 10 0 Gisborne Sheepfarmers 02 0 0 Macky, Logan 99 0 0 — War Loans— War Loan 95 15 0 96 10 0 War Loan (1027) 96 5 0 Soldiers’ Bonds 99 15' 0 N.Z. Ins. Stock (1927) 96 5 0 N.Z. Ins. Stock (1929) 95 5 0 < N.Z. Ins. Stock (1938) 95 15 0 96 10 1 0 N.Z. Ins. Stock (1939) 96 0 0 96 10 0 Solliers’ Ins. Stock — 99 15 0 100 5 0