COMMERCE AND MINING

New Zealand Times, Volume L, Issue 11415, 11 January 1923, Page 10

COMMERCE AND MINING

THE STOCK EXCHANGE SEVERAL SALES REPORTED MARKET CONTINUES TO SHOW IMPROVEMENT. Yesterday’s call on 'Chang® showed the market to be still brightening up. For Inscribed Stock (1939) buyers offered another 2s 6d on Wednesday’s rates; Inscribed Stock (1933) were also offered at 2s 6d advance on current rates. Inscribed Stock 0933). sellers were willing to do business at j 6100; buyers were prepared to pay .699 15s. War Bonds (1941), buyers were up 2s 6d on Wednesday’s quotations; War Bonds (1933), buyers wer® prepared to exchange at JBMS 12s 6d, 5s up on Wednesday's quotations. For P.O. Bonds (1927) and T.O. Bonds maturing in 1927, buyers are prepared to pay J 696 7s fid. Banks showed a slight brightening up on Wednesday’s quotations. Buyers of Australasias were prepared to pay Is more than, on Wednesday. National sellers were willing to exchange at -£6 9s 6d, an increase of Is on current rates. New South Wales (buyers) were ud 2s 6d on Wednesday's quotations. New Zealand buyers were prepared to pay £2 16s 9d. Unions remain at JCI3 13s. Details were as follow : WELUN3TON EXCHANGE WEDNESDAY’S QUOTATIONS.

•Ex div. +Cum div. Sales reported Wilson’s Cement, d6l 9n 6d; Eastbourne Borongh Debentures, •2105; Waihi, <ei 14s 9d. SALES IN OTHER CENTRES. DUNEDIN, Jaunary 10. 3ales on ’ChangeN.Z. Refrigerating, 15s sd, two at 15s 6d; Waihi, 34s 7d, two at 34s 6d. Sales reported :—Bank of New Zealand. 67s 6d; Union Steam (pref.), 19s 9d. CHRISTCHURCH, January 10. Sales reportedßank of New South Wales. <635 17s 6d; Union Bank, Jgl3 15s, J 213 17s 6d; Howard Smith, J 22 6s fid; Goldsbrough Mort, j 22 4s. AUCKLAND, January 10. Sales;—Soldiers’ Bonds, <6100; Booth, Macdonald debentures, <6101; Bank of New Zealand, 575; Standard Insurance, 34a CU; Auckland Gas, 24s 6d; Waihi, 34s 9d. UNION BANK'S DIVIDEND ’Australian and N.Z Cable Association (Received January 10, 7.20 p.m.) LONDON, January 9. The Union Bank has declared an interim dividend pf 15 per cent., tax free. FOREIGN EXCHANGE RATES Australian and N.Z. Csbk Association. (Received January 10, 7.20 p.m.) LONDON, January 7 9. The following rates of exchange are current: Paris, 59.05 francs to the <ei. Berlin, 45,500 marks to the <6l. Rome, 94J lire to the 251. N.Z. SHARES ON LONDON MARKET Australian and N.Z. Cable Association (Received January 10, 7.25 p.m.) „ LONDON, January 9. Waihi, 355; Bank of Australasia, <£l3; Bank of New South Wales, <685 ss; Union Bank, J 614 3s 9d; National Bank of New Zealand, <66 4a 6d (ex div.); Bank of New Zealand. <£2 14s 6d (ex div.); New Zealand Loan and Mercantile debentures, £77 1 New Zealand Loan and Mercantile ford.). JC7S 10s (ex div.). "

(3.15 p.m Call.) Buyers. Sellers Ji • 4. 4 s. d. Mining— Mt. Lyell 1 0 0 Waihi' 1 14 6 1 15 0 Waihi Grand Junction — 0 10 9 War I/onns — Inscribed Stock (19391 96 10 0 Inscribed Stock (1933) 99 17 6 100 0 0 War Bonds (1941) 96 10 0 — War Bonds (1939) 96 10 0 97 5 0 War Bonds (1938) 96 12 6 97 0 0 War Bonds (1930) 96 10 0 — War Bonds (1933) 100 5 0 P.O. Bonds (1927) 96 7 6 — P.O. Ins. Stock (1927) 96 7 6 — Bank.— Australasia 13 0 0 — National — •6 9 6 New South Wales 35 5 0 — New Zealand 2 16 9 — tJnion 13 0 — Financial— Goldsbrough Mort 2 3 0 — National Mortgage 3 10 0 — Wn. Trust Loan 5 10 0 — O".— 'Auckland (paid) 1 4 6 — Christchurch 7 13 0 8 0 0 Napier (JK10) 10 7 6 — Wellington (ord.) 10 10 0 —- Wellington (pref.) 0 15 9 — Wn. Deben. Stock ... 1(3 2 6 105 10 0 Wellington Fractions... 0 3 8 — Insurance— - National 3 12 0 —- New Zealand 1 8 3 1 9 0 South British 1 16 9 — Meat N.Z. Bair igerating (10s) 0 15 0 • — Gear 1 16 .0 — Wn. Meat Export (JB3 12s 6d) 2 18 0 3 2 6 T-r^ccrt-Hnddart-Parker (ord.) 2 14 0 2 15 0 WooMen—■ Mosgiel 6 8 0 — Coal— Tanpiri (ord.) 0 18 0 — Westport 1 14 3 — Timber— Taringamutn 1 10 0 — Miscellaneous— C. M. Banks (ord.) 1 1 6 — Colonial Sugar (Aust.) 35 0 0 — Crown Brewery 1 17 10 1 18 6 Dental and Medical Supply — 1 3 3 Howard Smith 2 5 0 — National Electric 0 19 3 — N.Z. Drug 2 15 0 — N.Z. Paper Mills 1 2 6 — W.P.C.A. U5> — 4 10 0 W.P.C.A (JB1) — 0 18 0 W.F.C.A. (pref.) — 0 17 3 Wellington Cordage ... — 1 0 6 Whitcombe and Tombs 3 5 0 — Wilson's Cement 1 2 3 Wellington City Council 6 per cent — 106 0 0 Eastbourne Borough. 6 p.c. Debentures 104 15 0 — Makerua Drainage Debentnres 97 10 0 Wn. Racing Club Debentnres 106 10 0 —