THE WORLD OF COMMERCE

New Zealand Times, Volume LIII, Issue 12357, 29 January 1926, 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 stock, as advised by the Wellington Stock Exchange, are as follow Buyers. Sellers. £ e d Did

*©x div. fCum div. ; S. George Nathan and Co., Stock and Sharebrokers, members Wellington Stock Exchange. Tel. address: "Beta," Wellington.* SALES IN OTHER CENTRES. Per Press Association. AUCKLAND, January 28. Sales. —Bank of New Zealand, 575, 56s 9d; New Zealand Insurance, 88s 6d;. South British Insurance, 54s 9d; Hikurangi Coal (pref.), 8s (two sales); Auckland Gas, 23s 3d; Kaiapoi Woollen, 9s 3d; New Zealand Refrigerating (con.), 8s Id; Nonpareil, lOd; Waihi, 23s 6d. CHRISTCHURCH, January 28. Sales.—Union Bank, J!l4 12s 6d (two parcels); Kawarau Gold, 7s, 7b Id (two parcels); N.Z. Refrigerating (con., cum div.), 8a 3d, 8s 2d, 8s 3d. Sales on 'Change. Kaiapoi. Woollen (ord.), 9s 7d; N.Z. Government 4i per cent. Inscribed (1939), £96; - Goldsbrough Mort., 47s 9d; N.Z. Refrigerating (con., oum div.), 8s 2d; Christchurch Gas (cum ‘div.), £7 17s 6d (two parcels); Electro Zinc (pref., oum div.), 87s; Kawarau Gold, 7s (two parcels). DUNEDIN, January 28. Sales on ’Change: Standard Insurance, 50s; New Zealand Refrigerating (pd.), 17s 6d; Domimon Rubber, 56s (four sales). _ • Sale reported: Brown, Ewing (ord.), 20s Bd. , * . ENGLISHMARKETS WOOL PRICES FIRM DECLINE IN TALLOW. Australian, and N.Z. Cable "‘Association. (Received January 28. 11.20 p.m.) LONDON, January 27. At the wool sales there was a good selection of merinos. There was strong competition, all sections of buyers operating freely at late rates. New Zealand "WLO\" 20(1 and 16d. At the tallow sales 1163 casks were* offered, and 367 sold at an average decline of 6d. Mutton tallow, fine 45s 6d, medium 40s 6d; beef tallow, fine 43s 3d, medium 40s. AUSTRALIAN MARKETS LATEST PRODUCE PRICES. Bv Telegraph.—Press Assn.— Copyright (Received January 28, 8.55 p.m.) SIDNEY, January 28. Wheat —Buyers are offering 5s 4d for bagged and 5s 2d for bulk at country stations, but there is little response. Oats Tasmanian. Algerian, 4s 9d; white, 53 10(1 to 6s. Maize—South African, 5s 7d. Potatoes—Local, <£10; Victorian, £l2 to £l3; Tasmanian, £l4 to £ls. Onions, £l2 to £ls. ADELAIDE, January 28.. Wheat—Growers' lots, 5s 8d to 5s lid. Oats, 2s 9d to 3s. ' MELBOURNE, January 28. . Hides are- firm at late rates. ARTIFICIALEXAMINED IN AUSTRALIA VERDICTS UNFAVOURABLE. By Telegranh —Press Assn —Cooyricht MELBOURNE, January 28. Dr. ' Campbell, president of the Victorian branch of the Australian Chemical Institute, after examining a sample of artificial wool, said that it was certain that the new fabric was not & natural cotton fibre. "However it is treated," lie added, "it Is the artificiol produce of cellulose, but no chemical anatjfeis or microscopical examination would possibly reveal whether the basic substance is wood pulp or artificial. silk of cotton." Dr. Campbell is certain that the fibre is definitely less suitable for weaving into human clothing than wool, and that there is |io possibility of mistaking it for cotton any more than there is for 1 ( ALMOST BRITTLE SYDNEY, January 23. A sample of synthetic wool was submitted to a gathering of wool experts at the wool sales, but they refrained from giving a definite opinion as to whether it would affect the wool industry of Australia. ■ They agreed that it had a detracting harshness to the . touch, 1 almost a brittleness, and a lack of the elasticity possessed by merino wools. CUSTOMS REVENUE The Customs revenue received* at the l>ort of Wellington yesterday aggregated £BBIS.

N.Z. Govt. .Loans— Inscribed Stock (1938) — 96 5 0 Inscribed Stock (1944) — 87 0 0 War .Bonds (1941) ...... — 96 a 0 War Bonds (1939) ...... — 96 5 0 War Bonds (1938) ...... — 96 7 6 War Bonds (1930) 96 10 0 — P.O. Inscribed Stock (1927) 97 15 0 — P.O. Bonds (1927) Debentures— 97 13 0 N.Z. Breweries (bonds) Banka— 1 5 6 Australasia . Commercial of Austra14 1 0 .. lia (rights) 0 8 9 — New Zealand 2 16 6 Union of Australia ... 14 12 6 *14 15 0 Financial — Abraham and Williams — 4 6 0 Equitable Building ... f8 17 6 — N.Z. Guarantee Corp. (ord, 8e) N.Z. Invest., Mort. — 0 9 10 and Deposit — 0 9 6 Gas— Auckland ■u 3. 0 Wellington (ord.) flS 8 0 Insurance— National 3 18 9 4 0 0 South. British 2 14 6 — Meat Preserving— N.Z. Refrigerating (10s) +0 8 0 •f" l _k>al — , Westport 1 12 3 — Timber— Kauri * - 1 12 a — Bartholomew — 1 4 0 Breweries— Manning and Co — 2 4 0 Staples and Co N.Z, Breweries Miscellaneous — — 2 1 0 2 19 0 3 0 0 Burns, Philp and Co. — 2 0 6 Electrol. Zinc (pref.)... fl 16 3 — Kirkcaldie and Stains — 1 0 0 Newton King (pref.)... — 0 17 0 N.Z. Drug 3 6, 6 — Shkrland and Co.. 1 1 6 — Taranaki Oilfields Wairarapa Farmers’ 0 13 9 0 17 0 — Wellington Cordage ... Wilson’s Cement 0 16 0 — 1 15 9 —• Mining — Eawarau 0 7 6