COMMERCE AND MINING

New Zealand Times, Volume L, Issue 11583, 28 July 1923, Page 16

COMMERCE AND MINING

W-LLI/UTM EXCHANGE FRIDAY’S QUOTATIONS. <3.15 p.m. Call) Prices of investment and mining stocks yesterday were as follow i

•Cum div. tCum rights. SALES IN OTHER CENTRES. . Per Press Association." . AUCKLAND, July 27. Sales: —Soldiers’ Bonds, Jglfl2; Welling;ou Bycroft debentures, J 899; City of Auckland debentures (1941), JSIOO 10e; Bank of New Zealand, 635: New Zealand Insurance, 31s: Union Steamship ComSany (preference), 20s 6d; Milk Vroucts, 255; New Zealand Befrigerating (contributing), 12s 9d; Tonson Garliok, 15s. , , Sales reported;—Bank of-New Zealand: 635; Milk Products, 255; Byeroft debentures, £99 - _ ,' . Sales reported: Bank of New Zealand, 635; Milk Products, 255; Bycroft debentures, £39. '• CHRISTCHURCH, July 27. Sales reported: —4i per cent Bonds (1938), £96 15s (two parcels); Manning’s Brewery, AS 7s 6d (two parcels). On 'Change:—Bums, Philp, 32s 9a; N.Z. Refrigerating (10s paid,*cum div.), 12s 6d. DUNEDIN, July 27. Sales on ’Change:—Waibi, 25s 3d and 255. Sales reported:—New Zealand 'Ref relating (contributing), ]2s 6d; Wilson’s New Zealand Cement, 27s 9d; 5f per lent. Soldiers’ Bonds (1933), A 132, Sale:—Waihi, 2Se 3d. ' ' Sale; —Waihi, 25s 3d. Sale reported: —New Zealand Befrigetsting, 12s 6d. METAL MARKET Australian and N.Z. Cable Association (Received July 28, 12.48 a.m.) LONDON, July 28. Copper, on spot A 65 6s 3d, forward delivery A 66 la 3d. ,» Lead, on spot A 24, forward delivery AM * 6d. , Spelter, on spot £3O 12s 6d. forward, delivery A3O 7s 6d. . Tin. on spot AlB3 13s 9d, forward de-i livery AlB4 13s 9d; Silver, 30{d per otince standard.

CANTERBURY MARKETS '

NO INQUIRY FOR OATS. CHRISTCHURCH. July 27. The inactivity of the seed market has rarely been more noticeable than it has been during the past week.* In addition to it being more or leas an "off" period the weather has had some influt ence in the quietness. Cocksfoot is about the only line that can be excepted, and that only to a slight- extent. 1 ' A few sales hare been made on the basis of §id for standard seed. The market infirm at that figure. Cowgrass is- quiet, and this is due to the cut prices offered by sellers of foreign seed. Blenheim seed is on the market at IOJd per lb with no buyers. Values h t local seed may be quoted from 9)d to lOd to farmers.’ The slight improvement in the white clover market which was manifested last week hae not been -fnaintained. there being a very wide range of cover quotations. Some business for machinedressed has been done at 180 s per cwt., which is practically Is 7id per lb, 'but generally this is below what merchants are asking. Linseed is not as firm as it was a week or two ago. The market is quiet, and .£l6 5s per ton is the nominal quotation to farmers. PRODUCE MARKET. There are few peas held now in the growers’ hands, but some of the latter are shipping Home on consignment. The Home market has stood up to the heavy arrivals of the past few months and as the Angust-September demand generally is better than that in the earlier season they, are confident .of -a good, market. The latest reports were that the market was good in England. A big area is ‘'kely to be sown in peas here this year as there is an export outlet not possessed by wheat, oats or barley. POTATO TUG-OF-WAR. A real tug-of-war in the potato position is expected to develop in the course “ ~l n Aa S a « the shipments as far as Lyttelton and Tunarn are concerned are not heavy. The Kurow took 3500 sacks, but 500 of these were seed, and a heavy proportion of tables were the completion of the forward contracts. The Katoa lifted 1200 sack from Timaru The next vessel, the V igatqi, is not in Auckland until August Bth or 9th. In the meantime farmers are not offering, and few tubers are being bought under A 8 5s to AS 10s per ton on trucks. Quite a number of them have stated that when they can per ton they will open up their

Buyers. Sellers. £ a. d. £ *. d Wnr Lnan.Insoribed Stock (1838) 96 10 0 96 13 0 * • u. itfoS. r War Bonds <1838) 96 10 6 0 — VV ar Oonds (1933) 108. 0 0 ... T* O Bonds (19271 ... 38 5 P.O. Inscribed Stock (1939) — 0 — 98 12 6 P.O. Inscribed Stock (1937) 98 3 0 * Banks— — 6 17 b Sew South Wales 41 0 9 —* N" >"d tS 1 J New Zealand (rights)... 1 10 3 111 t Union — •15 0 0 Financial— National Mortgage (London reg.) — 4 1 .0 On*— Auckland (paid) 1 6 » Insurance - New Zealand .... *1 10 6 — ' South British — a a » Standard — 1 19 8 Transport— Huddart-Furker (ord.) 3 4 0 Woollen— Kaiapol (ord.) — 13 6 Kaiapoi (pref.) .•... — 116 Wellington (prof.) *9 3 0 — Co 1— Westport 2 0 0 ' —• ' Waipa 0 16 6 . -r * Tim ber— Kauri 1 8 6 1 8 9 Leyland O'Brien 1 17 • Botoiti 1 0 0 Miscellaneous— lienti and Medical Supply 1 0 0 — . Howard Smith 2 14 0 N.Z. Drug 3 4 s Scouilar and Co. ......... . — • . 1 3 0 W.t'.C.A. (pref.) — 0 17 3 Ward and Co. — •3 8 0