THE WORLD OF COMMERCE

New Zealand Times, Volume LII, Issue 12211, 8 August 1925, Page 6

THE WORLD OF COMMERCE

WELLINGTON STOCK EXCHANGE YESTERDAY’S QUOTATIONS (3.15 p.m. Call). Yesterday's closing quotations for premiums of investment and mining 6tocks, as advised by the Wellington Stock Exchange. are as follow i

Sales reported—N.Z. Government Inscribed Stock (1933), £l9l 2s fid. SALES IN OTHER CENTRES. Per Press Association. DUNEDIN, August 7. . Sales.—Drugs, 66s fid; St. Bathan's, 14s 6d (prem.j, (three lots). Reported sales.—Commercial Bank, 31s 9d; Bank of Now Zealand, 56s 3d. Sales reported: Waihi, 25s 3d. CHRISTCHURCH, August 7. Stock Exchange sales reported: New Zealand Government 4i per cent. Inscribed Stock (1938), £97 (two parcels): ditto, 4) per cent. Bonds (1938), £97 2s 6d; New Zealand Government 5) per cent. Inscribed Stock (1933), £lOl ss; New Zealand Breweries (bonds), Si 3s; New Zealand Refrigerating (p<L, ox. div.), 18s; Manning’s Brewery, bßs (two parcels): New Zealand Drug-Company, 60s. Sales on 'Change: New Zealand - Refrigerating (pd., ex. div.), 18s.

AUCKLAND, August 7. Sales on 'Change.—New Zealand Insurance, bis 9d; Milne and Choyce (debentures), 23s 3d. Sales reported.—New Zealand Insur. since, 34s 9d; Inscribed War Loan, 4J per cent (1938), £97. Stock Exchange sales: New Zealand Government War Loan (1938), £97; New Zeeland Government Inscribed Stock (1938), £97 (two sales); Napier Harbour Board (debentures), 5| per cent., £99 10s; Commercial Bank of Australia, 31s 64; New Zealand Insurance, 34s 9d. (twi> sales); Westport Coal, 32s 6d; Milne and Choyce (debenture stock), 23s 3d; Sharland, 21s 6d; Waihi, 25s 3d. BUTTER AND CHEESE GRADING FOR JULY. The figujes of the dairy division of the Department-of Agriculture show that tho salted butter graded for July, 1925, was 346 tons, and - the unsalted 10 tons, , a total of 355 tons; compared with 578 tons salted and 20 tons unsalted, a total of 598 tons for July of last year; a decrease of 40.6 per cent. For the twelve months ended July, 1925, the respective quantities were 65,634 tops and 4582 tons,. , a total of 70,216 tons, compared with 58,327 tons and 3484 tons, a total of 61,811 tons for tho corresponding period of the pro-, ceding season, an increase of 13-6 per cent.

The cheese graded for July, 1925, com. prised White 78 tons, coloured 106 tons, a total of 184 tons, cpmpared with 50 tons white -and 87 tons coloured, a total of 137 tons for . July, 1924, an increase of 34.3 per cent. The quantities for tho twelve months ending July, 1925, were: White 45,990 tons, coloured 24,008 ton 3, a total of 69,993 tons, compared with 45,374 tons white and 28,575 tons coloured, a total of 73,947 tons for the corresponding period of the preceding season, a decrease of 5.2 per cent. Converting these figures into butter r fat equivalent there is an increase of 6.8 per cent, in buttef-fat production for the twelve months as compared with the corresponding period of the 1923-24 season. Stocks held in the various grading ports at Jnly Slst. 1925, were: Butter, 1206 tons; cheese, 284 tons.

DAIRY PRODUCE DALGETY AND CO. Dalgety and Company, Ltd., Teport having received the following cablegram from their London house, under date of the 6th instant:—“Butter market steady but quiet. We quote New Zealand salted 196 s (1945), Danish 206 s (2025), finest Australian salted 192 s (190 s), unsalted 194 s (1945). Cheese: New Zealand white 109 s to 110 s (108 s to 109 s), coloured 108 s to 109 s (108 s to 109 s), Canadian, c.i.f. 108 s (109 s 6d), spot 106 s to 108 s (106 s to 108 s).” Last week’s quotations given in parentheses. HEMP AND TOW JULY RETURNS. The quantities (in hales) of hemp, tow, stripper tow, and stripper slips gra-dted at the ports of the Dominion during tho month of July, 1925, were as follow: Hemp 5670, an increase of 321 hales; tow, 1478, an increase of 232 hales; stripper tow 116. an increase of 34 bales; stripper slips 186, an increase of 118 bales. METALS Australian and N.Z. Cable Association. (Received August 7, 9.25 p.m. LONDON, August 6. Metals are quoted as follow Copper, spot £62 13s 9d, forward £63 13s 9d; lead. £37 15s and £36 15s : spelter, £36 11s 3d and £36 13s 9d; tin, £263 16s 3d and £268 7s 6d; silver, standard 31 15-16 d, fine 3-1 )d. WESTFIELD STOCK SALE GOOD PRICES RULING. The advanced prices for beef were maintained at the Westfield fat stock Gale this' week, extra choice ox selling at £2 per 1001 b. Rates for prime young cow and heifer beef ranged from £1 13s to £1 17s. There was a keen demand for sheep, which were yarded in average numbers, extra heavy prime wethers making from £2 7s to £2 9s. Pigs were again yarded in large numbers, porkers selling at improved rates. Choppers 6old at from £4 to £4 5s and heavy baconers realised from £4 2s to £4 Bs. HIDES AND SHEEPSKINS The fortnightly sale of hides? sheepskins? tallow, etc., was held yesterday. There was a large attendance of buyers, and keen competition. Compared with previous sale, held on July 24th, sheepskins were firmer, some lines showing an advance of id to |d per lb. Green Sheepskins also met with a keen demand. Heavy and medium ox hides were lower by id per lb. Gow hides and yearlings were firm at last sale rates. Calfskins were firmer. Tallow met with a good demand at about last sale rates. The range of prices was as follows: Sheepskins.—Halfbred 10£d to 13Jd, fine crossbred llid to 12|d, medium-coarse crossbred 9jd to short to half-wools 7£d to 12id, lambs' 9id to 13d, dead and damaged crossbred 7d to lUd, inferior and badly damaged 3fd to B*d, pelts 4sd to S£d, damp, salted and green 6s to 10s 9d, lambs' (salted) 4s to 6s 2d. Hides. —Ox, heavy, 7Qlb and over, B|d to/10id; ox, heavy, 591 b to 691 b, Bid to B£d; ox, medium, 531 b to 581 b, 7id to B|d; ox, light, 451 b to \s2lb, 6|d to 7|d; cut, slipny. and inferior j 4id to 7fd; cow, heavy, 531 b and over, 6!cf to 74<i; cow, medium.’ 451 b to 521 b, to 6jd; cow, light, 331 bto 441 b, 6|d to 7d: cut, slippy, and inferior, 4jd to 6id; bull stag, 3d to 4id; yearlings, lllb to 161 b, 74d to Sid; yearlings, 171 b .to 321 b, 64d to S|d; calf, super, up to 101 b, 13id to 13Jd; calf, me-dium-good, 12d to 14d: calf, damaged, 3d to 12£d. . i Tallow.—:ln casks, 30s to 34s 6d jin tins, etc., 12s 6d to 325. Sundries.—Horsehair, 18d to lS£d. LAMBING RETURNS NflW SOUTH \YALES FIGURES. ~ By Telegrapjh.—Press Assn. —Copyright. The Government Statistician, estimates SYDNEY, August 7. that the result of the autumn and winter lambing will be 8,222,000 head, an increase of approximately 800,000 over that of last year. It is officially estimated that the spring lambing will be about 3,696,000. COMMERCIAL NEWS YELLOW CABS OF AUSTRALIA, LTD. A net profit of £17.742 ia shown bv the Yellow Cabs of Australia, Limited, in its first balance-sheet, covering the . period from October 15th to June 30th. The gross profit was £44,461 and £26,719 was oet apart for taxation, depreciation and reserves. Dividend at the rate of 10 per cent, per annum for the nine months ended June 30th has been declared. This distribution will absorb £ll,BOl and £5941 is carried forward, Surplus assets equal 21s per 20s of capital. The directors report that there now are ?52 of the company's cabs on the streets in Melbourne, and that they are proving all -that was expected. Enhanced results are expected during the current year. CUSTOMS REVENUE. The Customs revenue, received; at the J 27044° f Wellington yesterday aggregated S. George Nathan and Co., Customhouse quay, Wellington, Chief City Agents tor Phoenix Assurance Co. Ltd 235, Lambton quay.—Advt.

Buyers. Sellers. A 8. d. t£ 8. d.< N.Z. Govt. Loans— Inscribed Stock (1938) 97 0 0 Inscribed ' Stock <1927) 98 15 0 — Inscribed Stock (1941) 98 15 0 — War Bonds (1939) 97. 0 0 ■ — War Bonds (1938) 97 2 G — War Bonds (1930) P.O Bonds <1927) 97 2 6 — 98 10 0 — Debentures— N.Z. Breweries <stock) 1 2 10 1 3 6 N.Z. Breweries (bonds) 1 3 0 1 3 6 BanksCommercial of Ausl. (ord.) *1 11 0 — National of N.Z 6 12 6 — New South Wales ...... •41 10 0 2 16 0 2 16 6 Union, of Australia ... U 11 6 U 13 6 Financial — Goldsbrough Mort (rights) — 0 9 2 EqmtaWe Building ... National Mortgage ... 8 17 6 3 16 0 N.Z. Guarantee Corp. (ord.) N.Z. Guarantee Corp. 0 9 6 (pref.) N.Z. Loan and Mer1 1 0 — cantile (pref.) 77 10 0 .-N. Wn. Invest. T. and A. 0 10 0 — • Wn. Trust Loan Wright, Stephenson 6 0 0 (pref.) ,;... . Gas— 0 16 6 — Gisborne — 0 13 3 ; Wellington (ord.) 13 0 0» — InsuranceNational 3 13 6 3 16 0 •1 15 2 11 0 South British — 0 .Meat Preserving— N.Z. Refrigerating (»fil) _ 0 18 3 N.Z. Befrigerating (10s) 0 8 9 — Transport— Huddart-Parker (ord.) 2 5 0 Woollen— Wellington (ord.) 6 9 0 Timber— Kauri 1 12 9 Leyland O’Brien 2 16 0 — National 1 2 0 1 2 6 N.Z. Breweries 1 19 6 Tui 1 16 6 Ward and Co t3 0 0 • — Miscellaneous—* Burns. Philp and Co. Kirkcaldie and Stains — 1 18 0 (pref.) — 1 0 0 Wellington Cordage ... — 0 18 6 Mining— Mount Lyell Vogel's Vision 1 1 9 — 0 2 6 0 5 0 *Cum div. tEx div.