TH WORLD OF COMMERCE

New Zealand Times, Volume LIII, Issue 12433, 29 April 1926, Page 8

TH 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, ae advised by the Wellington Stock Exchange, are as follow: Buyers. Sellers.

Sale reported: N.Z. Breweries, £2 ISs. SALES IN OTHER CENTRES Per Press Association. AUCKLAND. April 28. Sales on 'Change.—Alburnia, 6s to 12s; Kawarau, 7s 3d; Waiotahi, Is 4d to Is 7d. Sales reported.—Wilson's Cement, 35s 3d; British Tobacco, 47s 9d; Taranaki Oil, 11s fid. Sales: South' British Insurance, 55s 6d; Goldsbrough Mort., 48s 6d; British Tobacco, 47s 9d; Taranaki Oil Fields, 11s 6d, 11s 9d; Wilson's Cement, 35s 3d; Moanataiari, 2s sd, 2s 6d; Lucky Shot (cont,), 6d, 9d, lid; Waihi, 20s. CHRISTCHURCH, April 28. Sales reported.—New Zealand Guarantee Corporation, 9s 9d; Kawarau,, 6s lOd. 7s 3d; Mt. Lyell, dfil 5s 6d, £1 5s 8d; Waihi, 18s 9d, «£1 0s 6d; St. Bathans "B'' Is disco tint. Commercial Bank. Sales on 'Change.—New Zealand Government 4£ per cent. Inscribed (1938), £96 12s 6d; New Zealand Refrigerating (cnn.). 8s 2d. Sales reported: Commercial Bank of Australia, 31s. Sales on 'Change: Goldsbrough Mort., 48s 7d (two parcels). DUNEDIN. Aoril 2b. Sale on ’Change.—National Bank of Australia (cont.), «£9. Sale reported.—National Bank of New Zealand, £6 15s. _Sales on 'Change: Crystal Ice, 21s; New Zealand Breweries, 57s 9d.

LONDON WOOL SALES GOOD PRICES REALISED. New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London bouse, under date 27th instant There was a good attendance at the opening of the sales to-day, competition by Continental buyers being active, and prices, as compared wih the close of preceding series, ruled in sellers’ favour for scoured merino, very firm for greasy merino and fine crossbred, and in favour of buyers for medium and coarse crossbred. Home trade is quiet. The opening catalogues were fairly representative. The N.Z. Farmers' Co-op. Distributing Co., Ltd., report having received the following coble from their London office:— Wool sales opened to-day, and prices compared wih last series in London. Merino fine crossbred par to 5 pel- cent, up. Medium crossbreds, coarse crossbreds par to 5 per cent. down. The Bank of New Zealand, produce department, has received the following advice from its London office, under date 27th irjst.:—The sales have opened with moderate competition, and large attendance of buyers. Merinos and fine crossbreds are slightly dearer. Medium and coarse crossbreds are about one halfpenny cheaper. There was a poor selection at the opening sales. Wright, Stephenson and Co. and Abraham and Williams, Ud., report having received cable advice from their London house in connection with tho present series of London sales. They report:— Wool sales opened, average attendance of buyers. Competition animated. Continental and Bradford buyers chief operators. Greasy linlfbred, 50 to sfi*s, 17-Ad; throe-quarterbred. 48 to 50\ 16d; fin© crossbred, 46 to 4S’r. 14$d ; medium crossbred, 44 to 46’s, 133d;"* crossbred lambs, 46 tn 50’s, 17id; scoured, market not much changed, tendency slightly in favour of buyers. Sliped "prices par. Australian merino, prices par to 5 per cent, higher. Messrs Levin and Co,. Ltd., have received the following cable from their London agents, dated April 28th, 1920: The auctions opened hero to-dnv with a large attendance of Home and Continental buyers. The selection of wool offered at time of cabling was only rail. Compared with tho closing rates of last sales, we quote:—Greasy merino, best. per lb dearer; greasy merino, average, halfhreds, 50 to 56’s, id: halfhreds* 48 to flo's t no change; crossbreds. 46 to 48’s. $d to Id per lb cheaper; 44 to 46’s, id to sd: 40 to 44's, id to id; M to 46’s, to id; slipes. better demand at Prices ruling last series. The Wairnrnpn Farmers’ Co-operative Association, Ltd., are in receipt of trie following cablegram from their London agents, under date April 27tli:—Wool sales opened to-day, and were well attended by Home, Continental, and American buyers. Compared with the Moping rntes of previous sale the market is as follows-.—Fine cro c sbrcd, par to 5 per cent, advance; medium crossbred, par to 5 per cent, decline; coarse crossbred, no a notable chance.

Messrs Dnlgetv and Co.. Ltd., report having received the following cablegram from their London house, under date of tho 27th instant: —Wool snTes opened—attendance of buyers is large— compMition animnled—fair selection. Continental buyers are Ihe principal operators. As oomnaml with closing rales of lasi feries— Greasy merinos, change if any i« in sellers* favour; scoured merinos, par to 11d higher; fine crossbreds, a change if any in favour of sellers; medium and coarse crossbreds, par to 1c! lower; slipes, unchanged, DAIRY PRODUCE Messrs Dalgel.v and To.. Lid., report having received tho following ealdogram from their London house, under dale of tho 27th instant. Butter—Since our lari report: prices are 1s to ))or cSvi lower. (Present quotations, New Zealand salted, 170 s to 171s*

£ 8. d. £ B. d. N.Z. Govt. Loans— Inscribed Stock (1939) — 96 12 6 War Bonds (1938> 96 7 6 96 15. 0 P.O. Bonds (1927) 9S 0 0 — Debentures— Makerua Drainage ... 97 0 0 Banks— Australasia 14 1 0 Commercial of Aust. (ord.) 1 10 9 — National of N.Z 6 14 6 New South Wales 43 0 0 — New Zealand 3 0 6 — Union of Australia ... 15 0 0 15 2 G Financial— Abraham & Williams 4 4 0 Goldsbrough Mort — 2 8 6 N.Z. and Diver Plate 1 1 9 — Gas— W ellington (ord.) 1 7 0 — Insurance— National — •4 i 0 Meat Preserving— N.Z. Refrig erating (JEl) — 0 16 9 N.Z. Refrigerating* (10s) 0 8 2 0 8 4 Gear .. — 1 18 y Transport— Huddart-Parker (ord.) 2 4 0 — Woollen— Wellington (ord.) 6 2 6 Wellington (pref.) 6 2 6 — Coal— Westport '. 1 16 0 1 16 3 Waipa — 0 15 0 Timber— Leyland. O'Brien 2 2 . 6 National 0 19 6 1 0 9 Breweries— Manning and Co 2 0 6 *2 i 6 Staples and Co 1 38 0 Tui 1 12 6 — Miscellaneous— British Tobacco (Australia), ord 2 7 0 Electrolytic Zinc (pref.) 1 15 3 1 36 0 National Electric 0 19 9 Newton King (prof.) ... 0 17 0 Wairarapa Farmers' (pref.l — 0 17 0 Wilson's Cement — 1 15 6 Mining— Mt. Lyell — 1 5 9 Waihi •1 it 3 Kawarau — 0 7 6 Alburnia G.M 0 6 6 — *Cum div.