COMMERCE AND MINING

New Zealand Times, Volume LI, Issue 12016, 19 December 1924, Page 10

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE QUOTATIONS. . (3.15 p.'ra Call.* ; A sadden snasm of buying developed on tiie share market yesterday, and business, especially in gilt-edged securities was, unusually brisk. The general tone Nus tfood, in all there being seven sales transacted, four of which were parcels of inscribed stock A general brigteuing in this department was predicted a week ago, and can probably be traced, either - directly or .indirectly, to, the influx of rood money at the recent wool sales, not, merely" in Wellington but in various/ parts’of the Dominion. Sellers were Minting in larger numbers yesterday than, has been tin? case for some days. Four’' and a half per cents. (19891 were offering at 2s €d below Wednesday's * quotes, as also were 1958 stocks, and at these>-prices-pa reels chanjred.hands.one lot. of 1988 V being transferred at £&7 7s fid/ which buyers have been offering-all the week. After sellers demanding .£lOl 7s 6d foi 51 oer cent (1933), a parcel changed hands at -ClOl. P.O. Bonds (1937) and P.O. Inscribed Stocks (1929) were in the market, but drew no buyers. Bank shares were decidedly firm at yesterday's calls. Union of Australia sellers, advano-. ing: Is on last quotes, while New Zealand's were also sought at an advance figure. Financial shares oh the K whole

were uncuangeu # noepr mac nauonai 'Mortgage sellers advanced bp la. Gas shares were again quiet, Wellington's (pref.) being tjje only ones.' and •'•ere offering at an unchanged urice. In Insurance National of New Zealand’s sere down 6d in buyers nnotatkms, while New T -ealeud’s were sought’at an advance of fid. New Zealand, Refrigerating buyers .“dvunced 2d on Monday's price, whiob brought them bar®' to Saturday’s ' level; Coal’s were sought at' JBV 'Bs *9d, hut sellers ashed ‘.£l 11s fid on Wednesdav. K parcel, however, was sold at 14s. No buvers appeared for Mount I,veil’s, and sellers reduced by 3d their 'W~tuerday’s demands. CVsing quotations yesterday were ae ‘r 1’ow: _ ' . “ Bnyers. • Sellers. *S ’ A _ J n- _. J

LONDON TALLOW ; BALE CABLED QUOTATIONS. Messrs Dalgety and Company, Limited, report having received the following cablegram from their London house, under date of the 17th instant >—"9oo casks of tallow offered, 780 sold. Since our last week's report, prices are generally hM tallow, which is 9d lower. We quote beef tallow sold to-day at public auction at 52s 8d per cwt; fine mutton, Ms fid per cwt. "The next public tallow sales will take place on January 7th." The Bank of New Zealand, Produce Department, has received the following advice from its London office, under date December 17th:—Tallow;. Keen demand. Current quotations; Good mutton, 58s «d to Ms per cwt; beef and mixed, 52s per cwt; |fat, its to 40s Od per cwt. Austraji*n nnd N.Z. Cable Association (Beceived ' December'lß, 8.5 p.m.) c LONDON, December 17. Atthe_ tallow sales 889 c&ks were offend and 782 sold. Fine mutton tallow declined la; other sorts advanced 6d to 1a Fine mutton, 54s 8d; medium, 49s 6d; fine beef, 525; medium, 49a Od. ■ N.Z. DAIRY PRODUCE LONDON MARKET STEADY. The New Zealand Loan and Mercantile Agency £o.. Ltd., have received the following cablegram .from their Loudon house under date 17th instant : "Batter.—Choicest salted, 206 s to 210 s per cwt; unsalted, Zl4s to 218 s. Market steady. "Cheese.—94s to' 90s per cwt. , Market ana/' AUSTRALIAN LAMB LARGE SHIPMENTS.

_The New Zealand Ueat Producers' Board has just received a cable from its JSPWMofatfve in Australia advising that 217,580 carcases of lamb were exported from Australia for the fortnght ended December I2th., _ CUSTOMS REVENUE. ” j The Customs revenue received at the j W ® lhn * ton y«* terd “y MSFegated J

AT7STBAUAN PRODUCE. Br Prww Aisn —Coprrlerht Oteceired December 18, 10.40 p.m.l SYDNEY, December 18. S» Sd to 4e< irhite, 4s 8d to 4e M.

Maize—Yellow, 4s Id to 4s 2d: white. 4&' . . Potatoes—Local, JU to £}. Oliions—Local, £8; ■ Victorian, j£ll. At Adelaide oats a» quoted at 2s 9d.

; o W-l I COMMERCE AND MINING WELLINGTON STOCK EXCHANGE YESTERDAY'S QUOTATIONS. (3.15 p.'m Call.!' t , A sadden sr-asm of buying developed on toe share market yesterday, and business especially in gilt-edged securities was un usually .brisk. The general tone Isas good, in al] there being seven sales transacted, four of which were parcels of inscribed stock A general brigtening in this department was predicted a week ago, and can probably be- traced, eithei directly or indirectly, tq the influx ol rood money at the recent wool sales,. no) merely' in Wellington but in various parts’of, the Dominion. Sellers were Minting in larger numbers yesterday than has been the case for some days. Four and a half per cents. (1939) were offering at 2s Cd below Wednesday’s quotes,*) also were 1938 stocks, ’and at thesa.-prires parcels changed- hands. one lot, of .1958’s being transferred at 4S7 7a 6d;' which buyers have been offering all this week. After sellers demanding 4101 7s 8d foi 51 oer cent. (1933), a parcel changed hands at 4101. P.O. Bonds (1927) and P.O. Inscribed Stock* (1929) were in the market, but drew no buyers. Bank shares were decidedly firm at yesterday's calls. Union of Australia sellers, advanc-. ing Is on last quotes, while New Zealand's were also sought ,at an advance figure. Financial shares oh the whole were unchanged, except that National 'Mortgage sellers advanced by Is., Gas shares were again quiet, Wellington** (pref.) being tjje only ones. ' and •'•ere offering at an unchanged nrice. In Insurance National of New Zealand’s- were down 6d in buyers nnotatkms, while New T -ealend’s were sought at au advance of fid. New Zealand, Refrigerating buyers .“dvunced 2d on Monday's price, whiob brought them bac® ' to Saturday’s level; [tVestnort Coal's were sought at' 41 '.8s *9d, hut sellers asked "41 Tfe 3d bn Wednesday- K parcel, however, was Fold at ■Al 14s. No buyers apneared for Mount livell’s. and seller* reduced by' 3d their 'W~tne»day’s demands. - *. Ckising quotations yesterday were ae '<■ Four : — _ . • . - • Bnyers. • Sellers. / 4 p, d. 4‘ e.d. “ Mining— • Mount Lye!! — —* tl 2 0 Loans— - v . w A) ri.e. Inscribed Stool , (1933) — 97 10 0 ’I n o. Inscribed Stock i ' SA ■ (1888) — / 97 ’6 05i r>r? Inscribed Stoqk > • . . <1983) - 101 5 0 tvc. War Bonds (1939) - — 97 12 C to p.c. War Bonds \ (18881 — 8712 fi "LO. Bonds (1927) t 98 5 0 '.O. Inscribed Stock .1 ' (1929). — i 97 15 0 Bank*Inptralaaia 13 9 0 — National of N T w- *6 *8 6 New South Wales 41 0 0 rxr* w 12 19 9 — Union of Australia — — ,, 214 5 0 Union of Australia - -i (new issue) - —• .— - M 0 0 Financial— v — * - N.Z. iiUbRiver Plate... ICO * —7 | Wn. Ttfcsf Loan ~ - « .17 6 Gaff-f : ■' \ * ' t Wellington (ord.) ..... —-• *■.. t2 8 Insurance — v ‘ National ol M . *... 310 0 lie*. New Zealand ............ 1 11 3 1 Meat Preservingr- : •/ *’ ’ll N.Z.Ref rieeratipa (10*) 0 U 11 ,3 12 1 Wn. MeatrEipoth -(£3-, ; h 12b re., 15 I V Unddart-Parker <pr«l.) 1/03- T — * ... r l (y ’ ' i_k" Timber-L- », • — W r 4ir&A - A National — !*, i-3 1 Miscellaneous—' - < /TSfcr.' ’• • I - C. M. Bonka - v_, - 0 IS. 0 Kirkcaldie,, and Stains . -; , (pref.) ■ ..... — 1 0 o r Ward apA Co- ; d-: ; Wilsqrfht-Genient 1 8 .6 «? tEx div. lEa — N ew ' EealaamSrmrjffij mentlEbW®' 4i per bent.' InscrtBBqiSWftuf (1989); 498- 10s: *i per oent. Inscribed f Stocle (1E8). 497 10s, 497 7a 6d; » i«{4 cent Inscribed Stock (1M3), 4101 ABaM.1; of Australasia,.-413 10s; EqnitiibleTBuiIdi ■ _«ug, 49 Ife? Westport Cdal, 41 14s. 'V SAlypaf CENtfKfe: 7-1 1 .. rr swt. -- V\ r ‘ h ’,. > - f ?ar Greas Awociation— „ _ ... AUCKLAND, DeoJhb«W&»v ; Salea cn: ‘Change.—per - T Ljftn (1938). JB97 7« 6d; Huna and'Chdyfie' Debentures, 22s fid ; National -Bank of New Zealand, 46 15s; Kempthorne Prosset (rights), 5s 3d. , UHRISTCJaURCH, December 18. • Sales reported — Bank of Australasia, .£18 10b (three parcels); National Bank of New Zealand (cum), 46 16s; New Zea-' land Insurance, Sis 6d; New Zealand Beirigerating fcont.), 12s Id. Sales on 'Change.—New Zealand Be* rrigeratidg (eont.), 12s. DUNEDIN, December -18. ■ . Sales-—New - Zealand Drug Company j (rights), 58. Sale reported.—Kawarau Gold Mining Company, 20s.