THE WORLD OF COMMERCE

New Zealand Times, Volume LII, Issue 12252, 25 September 1925, Page 8

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 stocks, as advised by the Wellington Stock fixchange, are as follow Buyers. Sellers. X a. d. £ 6. d.

*Cum dividend. Sales reported: N.Z. Inscribed Stock (1938), ,£96 1,55; National Insurance Co., dC3 16s; Gear iieat Preserving Co., £ 2; Crown Breweries, £1 7s; Colonial Sugar' Co., .£sl 156. SALES IN OTHER CENTRES. Per Press Association. AUCKLAND, September 23. S'ales on 'Change: Kempthorne Prosser,. 665; Wilson's Cement, 34s 6d; National Insurance, 75s 9d; Bank of New Zealand, 575. Sale reported: Zeehan Consolidated, 2s 6d. Sales: Bank of New Zealand, 56s 9d; Zeehan Consolidated, 2s 6d. CHRISTCHURCH, September 24. Sales reported.—Colonial Sugar, £sl Sales on 'Change.—Commercial Bank of Australia, 32s 3d; Bank of New South Wales, £4l 12s 6d. DUNEDIN, September 23. Sales on 'Change; National Electric, 18s 6d: New Zealand Breweries, Ltd., 42s 6d. Sales: Kawaraus, 10s. Sale reported: New Zealand Drugs, 66s 9d. governmlntloans AUSTRALIA MAY GO TO NEW STORK AGAIN. Australian and N.Z. Cabb Association. NEW YORK, September 23. Wall street discussion suggests that tbe possibility of a new Australian loan ig founded on information received that the Commonwealth is-seeking further advances from London, where the situation is unfavourable at present. BRITISH CONVERSION. LONDON. September 23. The Treasury is inviting tenders for 40 millions' worth of 3i per cent, conversion loan, with a minimum of 76£. The newspapers suggest that the bank rate may bo reduced in order to assist the issue. “ALREADYJUSTIFIED” „ N.S.W. DAIRY CONTROL BOARD. By Telegraph.—Press Assn.—Copyright SYDNEY, September 24. At the quarterly session of the central executive council of the Primary Producers' Union, the president, in his address, stated that the Dairy Export Control Board was now functioning, and there were ample evidences of its influence in the co-operation between the Australian Board and that of New Zealand on the markets of Britain. The board had already justified itself in regard to insurance and freight, showing the advantage of collective barganing. decline In Irish trade Reaver's Telegram. LONDON. September 23. A big decline in exports and imports of the Irish Free State for the six months ended in June is reported, as compared with the corresponding 6ix months of 1024. Totals were respectively .£18,000,000 and <£30,000,000. as compared with £21.000.000 and £33.000,000. Tho decreaso in exports is chiefly »>f livestock and agricultural produce. The decreaso in imports is chiefly in wearing apparel. AUSTRALIANWOOL SALES competition"animated. Dalgety and Company, Ltd., report having received the following cablegram from their Brisbane office, under date of the 23rd instant:— * "Wool Soles.—Attendance of buyers is large, competition' animated, but not so general as at lost sale. French buyers are the principal operators, and secured the bulk of the offerings. Japanese and Gorman buyers are giving fair support. Bradford is buying very little. Selection is very good, and is finer than at August sale. As compared with last sale 7 s closing rates, super merino fleece, greasy, par to 5 per cent, lower; good merino wools, greasy, medium and inferior merino fleece, skirtings, lambs and scoured wools, unchanged; coarser greasy wools show chief decline. We offered 11,700 and sold 06 per cent."

ENGLISH MARKETS LONDON WOOL SALES. Australian antf N.Z. Cable Association. (Received September 24, 5.5 p.m.) LONDON, September 23. At tbe wool sales there was a good average selection offering. Competition was keen for all sorts. O'Beirnn (Linton) fetched 45£d, 40d; Westland, 24d, Milo, 23$d, 21d; New Zealand's Lindon, 21£d, 20d;Tairoa, 15£d, 14£d. Tallow.—At the tallow sales 1132 casks were offered, and 300 sold at late rates to 6d decline. Mutton, .£2 10s 9d, <£2 6s; beef, <£2 10s, £2 5s 9d. Metal. —Prices of metals are quoted as follow: —Copper, <£62 Is 3d, ,£62 18s 9d; lead, ,£4O 10s, £37 ss; spelter, .£37 12s 6d, .£36 18s 9d; tin, .£282 Is 3d, .£264 Is 3d; silver, standard, 33Jd; fine, 35£d per oz. (Received September 24th, 7.30 p.m.) Wheat cargoes are quiet. Prices snow an easier tendency. There is a great inclination to trade at 3d to 6d decline. Liverpool futures: October 19s Bd, December 10s 3d, March 10s Id per cental. DAIRY PRODUCE HIGH PRICES RULING. Dalgety and Company, Ltd., Teport having received the following cablegram from their London House under date of the 22nd instant : "Butter.—Since our last report prices are 4s per cwt. higher. Present quotations New Zealand salted, 216 s per cwt. " SMALL SUPPLIES. The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cablegram from their London house, under date 23rd instant:— "Butter: New Zealand choicest salted, 2lßs to 220 s per cwt.; do., unsalted, 214 s to 218 s per cwt.; advance due to small supplies until shipments resumed. "Cheese 110 s to 112 s per cwt.; market firm." BUTTER PRICES SOARING SPECULATION DUE TO STRIKE. Australian and N.Z Cable Association. LONDON, September 23. Butter bas advanced 10s on speculative buying in view of. the possible shortage of arrivals owing to the strike. LONDON TALLOW MARKET The Bank of New Zealand, produce department, has received the following advice from its London office, under date 23rd instant: —“Tallow : There is a fair demand. Current quotations: Good mutton. 40s to 50s 6d per cwt; good beef, 47s 6d to 48s 3d per cwt; good mixed, 47s per cwt; gut, 38s to 43s per cwt." AUSTRALIAN MARKETS GENERAL PRODUCE. By Telegraph —Press Assn.—Copyright. (Received September 24, 9.5 p.m.) SYDNEY, September 24. Oats.—Tasmanian Algerian, 3s 6d to 3s Bd> white, ,4s lOd to ss. Maize.—Yellow 5s 3d, white 5s Id. Potatoes.—Tasmanian .£l4 to ,£l6; New Zealand, <£l4. Onions.—Victorian, <£2B. Wheat.—No business passing. Quota* tions (nominal): Sellers 6s 2d, buyers 6s Id. Parmers are selling sparingly, on the basis of 5s 9d in Sydney. ADELAIDE, September 24. Wheat.—Growers* lots 5s 9d, parcels 6s 2d. Oats, 2s to 2s 3d. MELBOURNE, September 24. Hides.—Competition was genera} at the sales. Mediums sold in the buyers' favour. Kips and other grades were farm and unaltered. (Received September 24, 5.5 p.m.) BRISBANE', September 24. At the wool sales competition was keen. Greasy sold to 27£d, scoured to 46d, GERMAN DYE MERGER A PROVISIONAL AGREEMENT, Renter's Telegram. BERLIN, September 22. Negotiations with a view to the fusion of alt the important dyeworks in Germany have led to a provisional result which will shortly be submitted to the boards of the companies concerned, including the Baden Aniline, the Berlin Aniline, the Hoechst, and Eiberfeld Dyeworks. The final decision will rest with the general meetings of the companies in the spring. There is little doubt that fusion will materialise, with a view to eliminating competition and regulating consumption. customs”revenue. The Customs revenue received at the Wellington yesterday aggregated BURNSIDE STOCK SALES DECLINE IN PIG VALUES. Per Pres* AssociaHon DUNEDIN, September 23. Sheep and fat cattle 6old at last week's rates to-day at Burnside. Store cattle sold well, and pigs were slightly down. Sheep—An entry of 2238 head. The quality was very fair, but not equal to that of last week's entry. There were a few prime heavy wethers, and some nice ewes, together with a number of unfinished animals. Prices were unchanged. Extra prime heavy wethers'made from 52s to 565; prime, 41s to 44s 9d; lighter, 39s to 40s 6d; one ewe brought 63s 6d; prime heavy ewes made from 42s to 48s; prime 30s 9d to 365. The price of mutton per lb was: Prime light wethers 7id, extra heavy 6sd to 7d, medium quality 6sd; prime ewes 6d; others sd. * Lambs *. The four lambs that were forward sold at last week's rates

Fat cattle: A yarding of 250 bead. The supply of quality bullocks was very fair, the entry including some good sorts of cows, but a number of steers lacked finish. The demand opened on medium quality, and prices were equal to those of last week. Best bullocks brought up to .£29 2s 6d; prime heavy .£2O to .£24; lighter -215 to ,£l7; heifers made up to .£l6 7s 6d. Extra prime beef made 62s 6(i per 1001 b, light and plain 58s to 60s; prime heifers 50s. and others from 38s to 45 s.

Store cattle: An entry of from 150 to 200 head of medium quality. There was a fair number of pens of moderate steers, and the best were cows and young sorts. There was a good demand. Tnree-year-old steers made from £8 5s to £8 15s; medium U-yenr steers up to £5; other sorts sold well. Pigs? There were 144 fats and 80 slips. The bigger entry caused competition to be rather loss keen. Baconers were down 5s per head, and porkers and stores were also down. CUSTOMS REVENUE. The Customs revenue received at the Igart of Wellington yesterday aggregated

N.Z. Govt. Loans— Inscribed Stock (1939) 96 17 6 Inscribed Stock (3938 s — 96 12 6 Inscribed Stock (1933) Inscribed Stock (1927- — 101 10 0 41) War Bonds (1933) .... 101 0 0 — Debentures— Wellington Racing Club 107 15 0 N.Z. Breweries (bonds) .Eastbourne Borough 1 2 6 6 p.c. (1935) Banks— 99 10 0 Commercial of Aust. (ord.) Commercial of Aust. 1 11 9 — (pref.) 6 15 0 — . National of N.Z 6 13 0 6 14 0 New South Wales — 41 12 6 New Zealand 2 16 9 2 17 0 Union of Australia ... — 14 16 6 Financial— Abraham & Williams (ord.) 4 0 0 4 5 0 Equitable Building .... N.Z. Loan and Merc. 8 17 6 9 2 6 (pref.) .:..... 78 0 0 — N.Z. & River Plate.... 1 1 3 — Wn. Invest. T. and A. 0 10 0 Wn. Trust Loan W. Deposit and Mort6 4 0 0 9 9 Gas— Auckland (paid) 1 2 3 Christchurch — 7 13 6 Napier (pref.) Wellington (ord.) 13 2 6 9 15 0 Wellington (pref.) 0 16 4 — Insurance— 3 16 0 3 17 0 New Zealand 1 16 0 South British ...» — 2 11 6 Meat PreservingGear Wn. Meat Export 1 19 6 2 0 6 {£& 12s 6d) Transport— 1 5 0 Huddart, Parker (ord.) — •2 6 0 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— 111 1 12 1 2 Waipli 3 Timber— Leyland CKBrien 3 0 0 9 6 Breweries— Ward and Co a 5 0 — Miscellaneous— C. M. Banks, (ord.)... _ 1 5 0 British Tobacco (ord.) 2 3 9 2 4 9 Burns, Philp and Co. Electrolytic Zinc — 1 17 6 1 10 1 14 Howard Smith Kirkcaldie and • Stains — 6 (pref) Wairarapa Farmers' — 1 0 0 (pref.) Wellington Cordage... Wilson's Cement 0 17 0 18 0 9 •1 "l 0 1 14 3 1 14 6 Hiding— Mount Lvell 1 2 6 1 3 0 Waihi : 1 5 0 1 5 4 Vogel's Vision (2/6 pd.) 0 5 0