THE WORLD OF COMMERCE

New Zealand Times, Volume LII, Issue 12250, 23 September 1925, Page 8

THE WORLD OF COMMERCE

WELLINGTON STOCK EXCHANGE YESTERDAY'S QUOTATIONS (3.15 p.m. Call.)

SALES IN OTHER CENTRES. Per Press Association. AUCKLAND, September 22. Sales on ■'Change.—Milne and Choyfce (ord.) f 25b 3dSales.—Nonpareil (cont.), 4s. CHRISTCHURCH, September 22. Sales reported.—New Zealand Breweries (bonds), 225. 6d; New Zealand Breweries, 42s 6d; Christchurch Gas, .67 12s: Mount Lyell, 22s 6d Sales reported.—Commercial Bank of Australia, 32s (two parcels); Union Bank, d 214 15s; Permanent Investment, *B9 ss; New Zealand'Refrigerating (paid), 18s $d (two parcels); Christchurch Gas, 12s. DUNEDIN, September 22. Sale on 'Change.—Hardware (ord.), 9s. Sales reported:—Westport Coal, 31s; New Zealand Breweries (debentures), 22s 6d; Mount Lyell, 22s 9d. Sales reported: Dominion rubber, 48s ; Malay" rubber (ord.), 30s. BRITISH TEXTILES GERMAN EMBARGO LIFTED. Reuter's Telegram. (Received September 22, 5.5 p.m.l LONDON, September 21. -Lancashire textile manufacturers are pleasantly surprised by the announcement of the news of the removal of all restrictions on the import of textiles to Germany. The Manchester Chamber of Commerce last year complained that the German import license system practically excluded British textiles, and urged a modification of the Anglo-German trade treaty, which was . then being negotiated.. Germany promised consideration, and has now ratified a clause in the treaty completely raising the embargo. SUED FORTnCOME TAX BAWRA SHAREHOLDERS. By Telegraph.—Press Assn.—Copyright. MELBOURNE, September 22. Consternation has been caused by the fact that the Federal Taxation Department is suing for an order bringing sums received by holders of Bawra shares above. 20s within the scoi>e of income taxation, as some 70,000 shareholders, are affected. The taxation will approximately- amount to *81,000,000. BUYING RUSSIAN" WHEAT BRITISH CO-OP. SOCIETY. (Sydney “Sun” Cable.) _ . LONDON, September 21. Tho “Daily Mail" states that 100 vessels have been chartered in London to transport 500,000 tons of Russian v#e>ot and barley on behalf of the British Cooperative Wholesale Society, whoso purchase is designed to check speculative .operations on the Canadiuu crop, . DAltlY PRODUCE /\ BOTH MARKETS EIRM. A.. H. Turnbull and Co. report:—We are in leceipt of a cable from our principals, Messrs W. Weddel and Co., Ltd., dated London 18th, reading as follows “Danish butter, 220 s to 222 s (last week 2225); New Zealand, unsalted 202 s to 208 s (198 s to 200 s), salted 106 s to 110 s (200 s to -02 s). Market firm. ‘ “Cheese—White, 110 s to 112 s <lo7s to 108 s), coloured 108 s to 112 s (107 s to 108 s). Market firm.” no truth~iTrumour NEW COMMONWEALTH LOAN. B>- Telegrni-'i —Pres* Assn. —Copyright. MELBOURNE, September 22. The Primo Minister, Mr Stanley Bruce, denied that there is any truth in the rumour leported to have gained currency in London that the Commonwealth Government intends to raise another loan shortly.

THE KING’S PHYSICIAN ON -SPOTTING."

In a special Alcohol number of “The Practitioner," the leading monthly medical journal in Great Britain, is an article on Alcohol in its Relation to Life Assuranco contributed by Sir Richard Douglas Powell, Bart, K.C.,V.0., M.D., LL.D., F.R.C.P., etc., Physician in Ordinary to His; Majestv the King; Consulting Physician to Middlesex, Brorapton, Ventnor Consumptive, and St Mark's Hospitals, etc. He says;—“The great point to bear in mind is tho frequency with which alcohol is token. Thus, the ‘nipping’ habit, in which it is taken, although it may be in small doses, several times n day, tsoine of them necessarily without food, is the worst form of alcoholism

short of gross excess, from the longevity point of view; since there has been no time for the removal of the alcohol, and the blood and tissues are subject to it* influence throughout tho da}*.' —Advt.

Yesterday s closing quotations for premiums of investment and mining stocks. as advised by_ the Wellington Stuck Exchange, are as follow Buyers. Sellers. .£ s. d. £ e. d. Inscribed Stock (19301 97 0 0 Inscribed Stock (1938) Debentures— Wellington Racine 96 12 6 Club — 107 15 0 N.Z. Breweries (bonds) Eastbourne Borough, 6 1 2 4 1 2 6 per cent. (19S5J 99 10 0 * Commercial of Aust. (ord.l 1 11 0 1 12 3 National of N.Z 6 14 0 New South Wales 41 10 0 42 0 (J New Zea'and English, Scottish, and 2 16 it Australian Commercial Bank of — 7 12 6 Sydney Financial— 25 2 6 Abraham & William* (ord.) 4 0 0 4 5 0 Equitable Building ... N.Z. Guarantee Corp. 8 17 6 9 5 0 (pref.) 1 1 0 N.Z. Loan and Mercantile (ord.) N.Z. Loan and Mercan- — 93 10 0 tile (pref.) 78 0 0 N.Z. and River Plate... 1 1 0 Wn. Invest. T. and A. W. Deposit and Mort0 10 1 Gas— Wellington 0 16 3 InsuranceNational 3 15 6 <3 16 South British • 2 U 9 Meat PreservingGear Wn. Meat Export (£3 - 2 1 9 I2g 6d) Transport— 1 5 6 Union Steam (pref.) ... 1 0 2 P.O. Deferred Stock... 280 0 0 Woollen— Kaiapoi (pref.) 0 16 0 Wellington (ord.) — 6 5 0 Coal— Westport 1 10 9 Waipa , 1 2 6 Timber— Levland O'Brien 3 0 0 National 1 2 9 Bartholomew -1 2 9 Breweries— Crown 1 4 6 Miscel ianeous— C. M. Banks (ord.) ... Burns, Philp and Co..., Dunlop Rubber (rights) 1 5 1 17 0 6 — 0 4 6 Electrolytic Zinc 1 10 Kirkoaldie and Stains '(pref) — i o 0 N.Z. Paper Mills — l l 9 Taranaki Oilfields V Wairarana Farmers* 1 1 0 (£5) Wellington Cordage ... — t1 i 0 Wilson's Cement 1 14 0 1 H (S MiningMount Lvell 1 2 6 1 3 0 Waihi Vogel’s Vision (5s pd.) — 0 10 0 fCum div. Sales on ’Change.—New Zealand Breweries (bonds),- £1 2s 6d.