THE WORLD OF COMMERCE

New Zealand Times, Volume LII, Issue 12197, 23 July 1925, Page 6

THE WORLD OF COMMERCE

WELLINGTON STOCK EXCHANGE YESTERDAY'S QUOTATIONS (3.15 D.m. Call). Yesterday" s closing quotations for miums of investments and raining stocks, as advised by the Wellington Stock Ex) change, ore as follow:

Sales reported—N.Z. Government Loan Inscribed Stock (1938), .£97 (two lots). SALES IN OTHER CENTRES. Her Press Association. AUCKLAND, July 23. Sales.—New Zealand Breweries idebentures), 22s Id; Bank of Australasia, £ll 11s; Northern Steamship, 15s 6d. , CHRISTCHURCH, July 22. Sales reported.—New Zealand Government 41 per cent. Bonds (1938), ,£97; New Zealand Breweries Bonds, 22s 3d. Sales on 'Chatige.-New Zealand Refrigerating (cont. cum, div.), 9 S 2d: Ward Brewery, 08s. DUNEDIN, July 22. . Sale on "Change: Dominion Rubber, 49s 6d, 495, 48s, 47s 6d, 47s 3d. Sales.—Dominion Rubber, 455, 47s- New Zealand Breweries, 39s Gd; ditto (debentures), 223 3d; Electrolytic Zinc (nrd.), Saleg reported.—Dominion Rubber, 47s 6d (two parcels), DAIRY PRODUCE . Messrs Dalgety and Co., Ltd., report having received the following cablegram ir°m their London house, under date of 21st instant Butter*. Since our Inst report prices ? r f. 28 *2 4s per cwt higher (present quotation ew * e . a tand, salted, 192 sto 1945). Cheese: Prices are Is per cwt higher (present quotation New Zealand cheese, 109 s to 110 s)." AUSTRALIAN WAR LOAN TERMS OF CONVERSION. By Telegraph.—Press Assn.—Copyright. MELBOURNE, July 22. Dr. Earle Page, the Federal Treasurer, has announced the terms for the conversion of 4} per cent, war loans, which fall due in December. The rate of interest is to be 51 per cent., and the loan will be issued at par. The period of the loan will he six, 11, mS 16 years, at the subscriber’s option! though new money will be accepted the treasurer is sanguine that most of the present holders will convert their stock or bonds into the new loan. The total amount of the maturing loan, to be covered is £G7,000,000. BROWN HEART IN APPLES SHIPPING COMPANY WINS CASE. , Australian and N.Z. Cable Association LONDON, July 21. Mr Justice Branson, in the King's Bench Division, gave a verdict for the ■federal Steam Navigation Company, the defendants, in an action brought by Bradley Sons, Ltd., of Coveht Garden Market, for .£4314, as damages for brown heart appearing in apples shipped by the Northumberland from Hobart in April, 1021. main issue in the case nas plaintin s allegation that the brown heart was due to the bad ventilation of the Northumberland's hold. The defence was that brown heart was due to inherent defects in the apples when shipped. Ihe defendants alternatively pleaded that the cases were insufficiently ventilated, and also relied on the exceptions set nut *n bills of lading, relating to perils of the sea,_ and giving the owners immunity from responsibility in the event of reasonable means having been taken to provide against the defects and unseaworthiness of the ship. “BUMhWoP” BANANA INDUSTRY RUINED. By Telegraph.—Press Assn.—Copyright. SYDNEY, July 22. The ravages of the "bunchytop*' disease in the banana plantations in the Tweed River district, previously a large exporting centre, are so disastrous that the local Fruitgrowers* Association, which handled the trade, is no longer required and has disbanded. A movement is afoot in Sydney to reestablish the banana trade with Fir. and a shipping firm has offered to provide suitable steamer accommodation if sufficient inducement is offered. Tho Tweed River district is a small area in the extreme north-east of New South Wales. The total area under bananas in New South Wales in 1922-23 was 33(H) acres, yielding 350,000 bushels, and the nrea in Queensland was 10,800 acres, yielding 1,620,000 bushels.

Buyers. Kellers. N.Z. Govt. Loans— £ 8. 4 £ a. d. Inscribed Stock (1938) 97 0 0 Inscribed Stock (1933) per cent. Inscribed — 101 5 0 Stock (1S27) 98 15 0 5$ per cent Inscribed Stock (1941) 98 15 0 War Bonds (1938) 97 0 0 War Bonds (193m P.O. Inscribed Stock 97 0 0 — (19271 98 5 0 _ P.O. Bonds (1927) 98 5 0 — Debentures— Wellington Gas Wn. Pacing Club 108 0 0 •N.Z. Breweries (bonds) 1 2 1 2 G Bank»— Australasia Commercial of Aus14 10 0 - tralia (ord.) 1 10 6 ■tl 11 0 National of N.Z 6 10 6 New South Wales 41 10 0 2 16 7 0 0 0 Boyal of Aust. (*£4) ... 6 17 0 Union of Australia ... +15 0 0 Victoria 7 10 0 7 12 0 FinancialEquitable Buildiner ... 8 17 6 9 2 6 National Mortgage’ ... N.Z. Guarantee Cocp. 3 16 0 (pref.) 1 0 9 Wn. Invest. T. and A. +o in 4 Wn, Trust & Loan W right, Stephenson 6 0 0 6 7 6 (pref.) Gas— 0 16 9 — _ 7 18 0 17 Wellington (pref.) 0 Insurance— National 3 13 0 , tl 15 2 10 0 0 South British Standard 2 4 0 Meat Preserving— N.Z. Befrigerating («£1) to 10 0 Gear Wn. Meat' Export (,£3 — 2 2 3 12s 6d) Transport— “ 1 8 6 Jiuddart-Parker (ord.) -'2 4 6 Union Steam (pref.) ... 1 0 0 Woollen— Kaiapoi (pref.) 0 1C 0 Coal— Waipa _ 1 2 9 Timber— 1 13 1 2 0 Breweries— Crown 1 16 9 Manning and Co 1 17 0 N.Z. Breweries •2 0 0 Miscellaneous!— Burns, Philp and Co. 1 15 6 6 Colonial Sugar 52 0 0 P.I C (ord ) Electrolytic Zinc *0 5 0 - 0 Farmers' (pref.) Wilson's Cement 0 17 1 13 0 0 1 13 6 Mining— Mount Lvell Eclipse Gold Claims ... 1 0 9 par +Cum rights. “Ex prem.