COMMERCE AND MINING

New Zealand Times, Volume L, Issue 11664, 31 October 1923, Page 11

COMMERCE AND MINING

WELLINGTON EXCHANGE.

YESTERDAY'S QUOTATIONS. (3.15 p.m. Call.)

Prices of investment and mining stocks yesterday were as follow: Buyers. Sellers.

Sales reported <lO a.m. Call)P.O. Inscribed Stock <1927), «£9B. Sales reported (3.15 p.m. Call): —Inscribed Stock (1939), <£97 2s 6d; HuddartParker (ord.), £2 2e 3d. SALES IN OTHER CENTRES. Per Press Association. DUNEDIN, October 30. Sale reported:—s per cent. P.O. Bonds, 1927, <£9B ss. CHRISTCHURCH, October 30. Sale(f reportedßank of New South Wales, «£4l 10s. On N.Z. Refrigerating (con.), 12s (two parcels). Sales reported:—New Zealand Breweries, 10 per cent, debentures, £2102. AUCKLAND, October 30. Sales:—Waihi Grand Junction, 5s 2d; Auckland Gas (2s paid), 3s sd; Standard Insurance, S7s od; Huddart-Parker Steam, 42s 3d; War Loan, 4fc per cent., 1938, J&97 2s 6d; Soldiers’ Loan, .8102.

Sales New Zealand Inscribed Stock (1927-41), «£99; Bank of Australasia, 4613 ss; Union Bank, .£ls; P. and 0., -6308; New Zealand Refrigerating (contrib.), 11s lOd.

WAIHI SHARES luatralian and N.Z. Cable Aaaooiattoa. (Received October 30, 5.5 p.m.) LONDON, October 29. W&ihi, buyers 26s Bd, sellers 27s 3d. FOREIGN EXCHANGE RATES Australian »nd N.Z. Cable Association (Received October 30, 5.5 p.m.) LONDON, October 30. The current exchange rates, compared with those of October 29th and par, are as under i New York—4.4BJ dollars, 4.48 J dollars, 4.866. Montreal—4.s4-1 dollars, 4.56 dollars, 4.866. Paris—76.9o francs, 77.60 francs, 25.225. Brussel®—B9.4s francs, 90 francs, 25.225. Rome —100 fr lire, 100 J lire, 25.225. Berlin—4oo milliard marks, 500 mil* lia/rds, 20.48. Calcutta—l 6 13-16 d (to the rupee), 16|d, 24d. Hongkong—27}d (to the dollar), 27$d, —. Yokohoma —26$d (to the yen), 26 l-16d, 24.43 d. Stockholm—l7.os kroner, 17.07 kroner, 18.159. Christiania —29.45 kroner, 29.27 kroner, 18.159. Copenhagen—2s.S7 kroner, 25.76 kroner, 18.159. HOME MARKETS WOOL PRICES STEADY. Australian and N.Z. Cable Association. (Received October 30, 5.5 p.m.) LONDON, October 29. At the wool sales a good selection of merinos and crossbreds was offered. Merinos were par to 5 per cent, dearer. Orosebreds were firm at full late rates. At the Bradford sales merinos were unchanged. Crossbreds were firm, with a hardening tendency. WHEAT FIRM. Australian and N.Z. Cable Association. (RJeceived October 30. 9.45 p.m.) LONDON, October 29. The market for wheat cargoes is - firm, owing to the small proportion of world shipment for the United Kingdom. Parcels are fully steady. METALS. Australian and N.Z Cable Association. (Received October 30. 9.45 p.m.) LONDON, October 29. •Copper—Spot, £6O 3s 9d; forward, £6O 13s 9d. Lead —'Spot, £3O 10s; forward, £27 7s 6d. iSpelter—Spot £33 10s; forward, £32 12s 6d Tin—Spot, £205 7s Gd; forward, £302 8s 9d. Silver, 32d. PAPER PULP MERCHANTS RECEIVER APPOINTED. Australian and N./* LONDON, October 23. The Chancery Court luis appointed a receiver for the Becker Company, Ltd., paper pulp merchants, on tho application of the National Provincial Union Bank, trustees for the debenture holders. Tho 'bank's counsel said that the company's affairs had arrived, at a crisis owing to the failure of a certain Canadian company to meet its liabilities. The receiver states that the business will be carried on with a view to reconstruction. It is hoped that the creditors will eventually weive payment.

PRODUCE MARKET Laery and Co., Ltd., Wellington, report wholesale prices as follow :-Peatncal, £9 70s; barley meal, -£9 ss; pigmeal, £7 10s; wheatineal, ,£11; linseed meal (Moose brand),. 18s 6d; linseed nuts (Moose brand), 16s 6d; meat meal, for poultry, 15b 6d; chicken raiser. 15s Cd; shell grit, 6s per 1001 b; fowl wheat, choice whole 5-sack lots or over 69 4d, lesser quantities 6s 5d per bushel, sacks Is la; oats, machine-dressed seed Algerians 5s 6d, farmers dressed seed Algerians 5s 3d, feed Gar* tons 4s, crushed oats 4s 4d, Sparrowbills 4p seed Gartons 4s 2d, Duns 4s Id per bushel, 6acks in; shelled oats, for chickens, 5s 9d bushel; mixed fowl feed, 5-sack lots or over 5s 4d, lesser quantities 5s 6d per bushel, sacks in; peas, feed 5e 6d, Prussian Blue 8s; Partridge peas, 7a 6d per bushel, sacks in; barley, Chevalier 5s 2d, Cape 5s bushel; maize, whole 5s 9d, crushed 6s 3d; cutter, farmers 1 separator and dairy, „ls 3d to Is 4d per pound; eggs, new laid Is 4d per dozen, storekeepers’ lines Is 2d to Is 3d; fowls. White Leghorns 6s to 7s6d, Black Orpingtons and similar heavy varieties 8s to 9s pair; ducks, runners 8s to 10s per pair, large white, 10s to 12s per pair; turkeys, le id to Is 4d per pound; geese, 8s 6d to 9s; fungus, 5d to 6d per lb; rock 6alt, 6s 6d ::cr cwt; dressed pork, 60’s to 90’s, 8d per lb; chaff, oaten 6heuf, Blenheim prime .£9 10s, Blenheim medium quality .£8 10s per ton, sacks in, f.o.b. Wellington; straw chaff, for chickens or cow feod, *£6 15s per ton, sacks in; seed potatoes, Arran Chief «£9, Sutton's Supreme Gamekeepers £9, Northern Stars jB9, Red Dakota© .£9, Commonwealth .£8; table potatoes (Canterbury), ton lots .£lO per ton, lesser quantities IQs 6d per cwt. CANTERBURY MARKETS POTATOES PRACTICALLY UNS ALEABLE. Per Press Association. CHRISTCHURCH, October 39. Potatoes are apparently a drug on the market, and merchants are adopting the hand to mouth principle regarding them, i.e., just purchasing from farmers any requirements they may have. Farmers have been round the merchants this week trying to dispose of lots up to seventeen tons, so evidently there are potatoes still to be had in Canterbury if required. Partridge peas—Advices from Home confirm the statement made last week that the quantity and quality are better than usual. In consequence it is hard to d.'* business in pea© grown in the Dominion. There has been a little business done in chaff during the past few days, purchasers preferring to buy on samples rather than on grade. Two or three fair sized parcels of perennial ryegrass have been shipped north, but in other seeds business shows little activity, CUSTOMS REVENUE. The Customs revenue collected at Wellington yesterday aggregated <£6720.

Mining— Wailii .... 1 6 0 — War Loans— Inscribed Stock (1939) 97 0 - 0 97 5 0 Inscribed Stock (1938) 97 0 0 97 5 0 Inscribed Stock (1933) — 101 10 0 Si p.c. Ins. Stk. (1927) 98 17 6 99 2 c War Bonds (1938) 97 0 0 — P.O. Inscribed Stock (1927) - 98 5 0 Debentures— Gisborne Sheep Farmers — 102 0 0 Banks— National — 6 18 0 New Zealand — 2 12 6 New Zealand (new issue) — 2 11 0 Union 14 19 0 — Financial— Wellington Investment T. and A — 0 10 3 GasChristchurch. — 8 5 0 Napier («£10) — 11 5 0 Napier (J&S) 3 7 6 — 0 Wellington (.£10) — 14 5 Wellington (pref.) — 0 17 5 Insurance--National 3 1C 6 — 6 South. British 1 19 0 |2 0 Meat Preserving— Canterbury (ord.) 15 0 0 —• N.Z. Eefrigerating (10s) — 3 0 12 1 Gear 2 1 — Wn. Meat Export (J6S 12s 6d) — 2 10 0 Transport— Adelaide Steam ......... 1 0 6 — Huddart-Parker (ord.) 2 2 0 — Wool.en — Kaiapoi (ord.) 1 1 0 — Coal — Westport — 2 0 9 Waipa 0 17 0 — Timber—Kauri 8 2 — Leyland-O’Brien 1 19 0 — Rotoiti 1 1 0 Tarineamutu 1 12 6 — Miscellaneous— Dental and Medical Supply 1 1 0 — Howard Smith 2 12 0 — N.Z. (Drug 3 5 3 — N.Z. Breweries 1 6 6 SUarland and Co. (ord.) *1 2 3 — Sharland and Co. (pref.) *1 2 3 — W.F.C.A. (pref.) 0 16 11 0 17 3 Wellington Cordage ... — •0 19 6 Wilson’s Cement 18 0 *Cum div. fBx div. 1 8 9