THE WORLD OF COMMERCE

New Zealand Times, Volume LIII, Issue 12404, 25 March 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 tho Wellington Stock Exchange, are as follow: Buyers. Seilers.

SALES IN OTHER CENTRES Per Press Association. AUCKLAND, March 34. Sales on 'Change.—Bank of New Zealand, 60s 3d; Bank of New South Wales, £44 2s 6d; Waihi, 22 s; War Loan (1933), £96 ss. Sales.—New Zealand Breweries, 265-Id; National Bank of New Zealand, £6 14e 9d; Auckland Gas, 22s 3d (trvvo parcels); Auckland Gas (cont), 8s; . Devonport Steam, 27s 3d; Taranaki Oil, 8s; New Waiotahi (cont.), sd. CHRISTCHURCH, March 24. Sale reported.—National Bank of Australasia (£lO paid), £l7 18s. Sales on 'Change.—National Insurance, 795; Westport Coal, 355; Kawarau, 5s lOd, 5s lid. 6s. DUNEDIN, Mar6h 24. Sales on 'Change.—Bank of New Zealand. 60s 3d; New Zealand Hardware (ord.), 11s; Kawarau, 6s; 5£ per cent. (19391 Inscribed, £9O 12s 6d. Sale.—St. Bathan's ‘ r A"issue, 8s 6d. Sale reported.—Kawarau, 6s. DAIRY CONTROL N.S.W. STABILISATION SCHEME MAY BE MADE PERMANENT. By Telegraph.—Press Assn.—Copyright SYDNEY, March 24. At the annual meeting of the Primary Producers' Union the president, in his annual report,. referring to the inception of the Dairy Export Control Act and tlie successful launching of the stabilisation scheme, said that noth these important schemes were now working smoothly. Although the stabilisation scheme was only for one year, he was convinced that with the loyal co-operation of all factories it could he made permanent. JOSEPH NATHAN AND CO. Messrs Joseph Nathan and Co., Ltd., have received the following cable from their London house, dated March 23rd, 1926: —"New Zealand butter, 1745; market firm. New Zealand cheese, white 965, coloured 975; weak tendency."

AUSTRALIAN TARIFF DUTY ON MAIZE RAISED AFRICAN TREATY ABROGATED. Bv Telegraph.—Pres* Assn. —Copyright. MELBOURNE. March 24. The House of Representatives, considering the tariff, increased the import duty on maize from Is fid. 2s 6d, and ss, to 2s 6d, 3s, and 3s 6d. The Minister of Customs, Mr H. E. Pratten explained that steps were being taken to abrogate commercial treaty with South Africa, which would be replaced, by a new reciprocal treaty. This was the outcome of the action of the South African Ministry last year in materially altering the terms of preference, which she gave Australia for benefits received under the 1906 treaty, but the change would be made in no unfriendly spirit. FLUENZOL PROPRIETARY LTD. SALES INCREASING. At the annual general meeting of the shareholders of thd Fluenzol Proprietary, Ltd., Messrs C. W. Palmer, N. F. Willoughby, and Leslie Gibbons were reelected directors, nnd Messrs Watkins, Hull, Hunt and Wheeler were reappointed auditors. It was reported that the sales of’ Q-tol and Fluenzol for the past year had increased from £-1464 to £5731. The year’s net profit, £602, wiped out the debt balance. The balance of £9OO of Messrs Lever Bros, purchase money for the Q-tol overseas rights was received by Mr Palmer during the year. This sum was, on his suggestion, applied in reducing the amount to debit nf the exploitation account (i.c., old Australian expenditure). It was decided to approve the managing director’s notion in distributing among tbe shareholders a return of capital to the extent of 5 per cent, for the year. CUSTOMS REVENUE The Cnsloms revenue received at the port of Wellington vesterdny aggregated £20,832. ‘

£ B. d. £ B. d. N.Z. Govt. Loaus— Inscribed Stock (1939) 96 0 0 — Inscribed Stock (1938 ) 96 0 0 96 10 A War Bonds (1939) 98 0 0 — War Bonds (1933) 96 0 0 96 10 0 War Bonds (1933) 99 12 6 — Debentures— Wn. Racing Club ... 06 0 0 — N.Z. Breweries (bonds) 1 5 11 1 6 0 Banks— Commercial of Aust. (ord.) 1 9 9 ■ National of N.Z 6 14 0 6 15 0 New Zealand 3 0 0 — Union of Australia ... 11 18 3 — Western Australia ... — 2 15 6 Financial — Abraham & Williams (ord.) — 4 6 0 Abraham Williams (pref.) — 4 15 0 Goldsbrough Mort 2 8 0 2 8 6 N.*j. Guarantee Corp. (ord.. 8s) — 0 10 0 N.Z. Guarantee Corp. (pref.) 1 1 6 — N.Z. River Plate 1 2 3 — Wn. Invest. T. and A. 0 10 5 — Gas— Auckland (paid) 1 2 3 — Christchurch — 1 4 6 Gisborne — 0 12 0 Wellington (pref.) 0 16 0 — Insurance— National — 4 0 0 South British 2 17 0 2 17 9 Meat Preserving— N.Z. Refrigerating (10s) 0 7 11 Gear — 1 19 9 Transport— Huddart-Parker (ord.) •2 4 6 — Union Steam (pref.) ... 1 0 0 — Woollen— Wellington (ord.) 6 0 0 — Wellington (pref.) 6 0 0 — Coal — Westport 1 14 9 1 15 6 Timber— Leyland O'Brien 2 2 0 — National — i i 0 Breweries— Crown 0 18 0 — Manning and Co — 2 3 3 Staples and Co 1 17 6 — N.Z. Breweries 2 16 0 — Miscellaneous— C.M. Banks (pref.) ... — 0 18 0 Burns, Philp and Co. 1 18 0 2 0 0 Electrolytic Zinc (pref.) 1 16 0 -iHoward Smith — tl 15 0 National Electric — 0 19 9 N.Z. Paper Mills i i 0 — Taranaki Oilfields — 0 10 0 Wairardpa ' Farmers* Opref.) 0 16 11 0 17 0 Wilson's Cement 1 16 0 1 16 6 Mining— Kawarau 0 5 10 0 6 1' tCum, div. *Ex div. Sale reported.—Union Bank of Australia, c£14 18s 6d.