THE WORLD OF COMMERCE

New Zealand Times, Volume LIII, Issue 12549, 11 September 1926, Page 6

THE WORLD OF COMMERCE

WELLINGTON STOCK EXCHANGE YESTERDAYS QUOTATIONS. <3.15 p.m. Call.) Yesterday's closing quotations for premiums of investment and mining stock, as advised by the Wellington Stock Ex* change* are ae follow

Kaiwarau 0 10 Sales reported.—New* Zealand Government Loans* 4b per cent. Inscribed Stock (1938)* £96 12s 6d; 4V per cent. Bonds (1938), £96 12is 6d; Union Bank of Australia, <£ls Is. SALES INOTHEiTcENTRES Per Press Association. AUCKLAND, September 10. Sales reported: New* Zealand Paper Mills, 19s 3d; Kawar&u, 2s 3d. ' Sales: New Zealand Paper Mills, 19s 3d; Wilson's Cement, 30s 6d. CHRISTCHURCH, September 10. Sales: New Zealand Government 54 per cent. Inscribed Stock (1936), ,£100; Bank of New Zealand, 61s 6d; New Zealand Refrigerating (contrib.), 6s 3d (two parcels); Kaiapoi Woollen (pref.), 10s; British Tobacco, 525. Sales reported: National Bank of Australasia (£5 paid), £9 Is; Bank of Victoria (ord.), £8 9s 6d. Sales reported: New Zealand Government 4b per cent. Inscribed Stock (1938), £96 12s 6d; Bank of New Zealand, 61s 6d; Union Bank, £ls Is; National Insurance, 81s. Sales on 'Change: New Zealand Government 5 per cent. Inscribed Stock (1929), <£99; Commercial Bank, 32s 6d. DUNEDIN, September 10. Sales: New Zealand Rrefrigerating (contrib ), 6s (three parcels) - St Bathan's ( A'), 6s (premium), St. Bathan's ("B”), 6s (premium) (two parcels). Sales: New Zealand Breweries, 546. INVERCARGILL. Se ember 10 , Sales reported: Kaiapoi Woollen (pref.), 14s; Southland Frozen Meat (£1 noo7\ an d O. inscribed stock (1927), £9B 15s. LONDON STOCK EXCHANGE COLONIAL GOVERNMENT STOCKS. Australian and N.Z. Gablo Association. (Received September 10, 9.35 p.m.) . LONDON, September 9. Following are the current quotations for Consols and for British and Dominion Government stocks, compared with the quotations on September 2nd:—

WHOLESALE PRODUCE PRICES Laery and Co.. Ltd., report wholesale values as follow :—Tikaka mixed fowl feed, 5-sack lots or over, 6s 6d per bushel, leaser lots 6s 9d per bushel, sacks in; linseed meal, 16s; linseed nuts, 12s per 1001 b bags; Tikaka oyster shell grit, 5-6ack lots or over ss, lesser lots 5s 6d per 1001 b bogs; Tikaka pipi shell grit, 5-sack lots or over ss, lesser lots £5 6s per 1001 b bags; oats, machine-dressed seed Algerians 6s 3d to 6s 6d, farmers’ dressed seed Algerians 5s 6d, Algerians 4s lOd, Duns 5s Bd, Gartons 5s 2d, seed Gartons 5s 4d, crushed 5s 6d. black oats 5s Gd per bushel, sacks in; shelled oats, for chicks, 6s 6d per bushel; South African maize, whole 7s 3d per bushel, crushed 7s 6d; barley, feed 5s 9d, 6eed 6s per bushel; rye corn 5sack lots or over 6s Bd, single sacks 6s lOd, sacks in; wheat, milling, 8s 9d per bushel, sacks in; wheatineal, feed, ton lots, £l6 per ton; eggs, first grade new-laid Is Bd, storekeepers' lines Is 7d; pcameal, 4-ton lots or over £ll, lesser quantities 11s 6d; barley meal, £-ton lots or over £lO ’Os, lesser quantities Us; butter, prime farmers' separator, Is 3d to Is 4d, dairy pats and bulk Is 3d to Is 4d; turkeys, Is 4d to Is 5d per lb; ducks, runners, young 12s to 13s, larjjo whites 14s to 15s, old 9a to Us per pair; fowls. White Leghorns 6s to 8s; Black Orpingtons and similar heavy varieties, 9s to 10s per pair; roosters, While Leghorns, 8s to 9s, heavy breed young 10s to 12s per pair: fungus, New Zealand 9d to lOd per lb; dressed pork, 60’s to 90's 8d to 9d per ib; sucking pigs. Sid to 9£d per lb; honey (discoloured), in 601 b tins, 44d per lb; Farro food, 4-ton lots £lO 108 per ton, lesser lots Us; sucrosine, 4-ton lots £l2 10s, lesser lots 13s; cow chaff, ton lots £B. sack lots 7s per sack; rock salt, 6s per bag; straw chaff, ton lots, £B, sack lots 5s 6d sack; Blenheim chaff, prime £lO 10s, good heavy £lO, Australian wheaten £l3 per ton, sacks in, net; mutton birds, in cneks of 450, 6d per bird, in kits (cooked or salted) Hid per bird; molasses, in casks 40s, in cwt cgaen Bs, Od case; brail* i-ton lots or.

ever £lO ton, lesser lots 10s 6d cwt; pollard, 4-ton lots or over £l2 ton, lesser lots 12s per cwt; oat pollard, ton lots or over £8 16s ton, lesser lots 9s per 1001 b; Tikaka pig meal, £ll las ton for half-ton lots, lesser lots 12s 1001 b; Nikau chick raiser, day old, 22s per 1001 b bag; Nikau No. 1 coarse chick raiser, 21s per 1001 b bag; Moreg poultry spice, cases containing 40 packets £3 10s case, lesser lots 2s 6d per packet; black leaf 40 spray, 21b tins, 13s each, 10lb tins 50s each net; potatoes, ton lots, Canterbury-grown £5 10s to £6, North Island £5 per ton; early seed potatoes, ton lots, Arran Chief £6 10s, Gamekeepers £6 10s, Northern Star £7, all South Island-grown.

FROZEN MEAT LATEST PRICES RULING. Messrs Dalgety and Co., Ltd., report having received the - following cablegram from their London house, under date of the 9th instant:— “Lamb—New Zealand prime crossbred lamb, Canterbury, light 9}d, heavy BJd; North Island, heavy 7}d, light BJd; market steady. Demand runs principally on finest 'qualities. "Mutton—New Zealand prime crowbred mutton, Canterbury, light 6Jd, heavy sidi North Island, light 5Jd, heavy skl. Market dull. Demand runs principally on heavy-weights. “Beef—New Zealand prime ox beef, hinds sd, fores 3id. Market quiet; demand moderate. Australian frozen meat—Good average quality crossbred lamb, heavy and light not quoted; good average quality crossbred mutton, light 3jd; heavy* not quoted. Market weak, demand poor/’ LONDON SHEEPSKIN SALE Messrs Dalgety and Co.. Ltd., report having received the following cablegram from their London house, under date of the 9th instant:— “ "There is an average attendance of buyers. Fair demand at unchanged prices for merino and crossbred combing skins. Clothing skins neglected, but realised Jd to 4d less for sales effected." Messrs Murray, Roberts and Co., Ltd., are in receipt of the following sheepskin market cablegram from their London agents, dated 9th instant:— "Sheepskins: Combing unchanged. Clothing irregular, par to 5 per cent, decline “' DAIRY PRODUCE DALGETY AND COMPANY. Messrs Dalgety and Company, Ltd., report having received the following cablegram from their London house, under date of the 9th instant: "Butter market—No improvement. W® quote New Zealand, finest salted 154 s to 156 s (164 s to 16Ge»); Danish 172 s to 174 s (1745); Australian finest salted, 154 s to 156 s (162 s to 1645), unsnllcd 154 s to 156 s (162 s to 1645). "Cheese —Market weak. Wo quote New Zealand colouved 80s to 82s (83s to 84s), white 80s to 82s (85s to 86s); Canadian cheese, coloured and white, 80s to 82s (83s to 86s).'* Last week’s quotations shown in parentheses. BUTTER MARKET”DEPRESSED. Messrs Joseph Nathan and Company, Ltd., have received a cablegram from their London house, dated Bth instant, rending ae follows: —"New Zealand butter, 1565, slow; New Zealand cheese, white 82s, coloured 80s; market dull, depressed." londoFwool sales The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cuble-grntn from their London house, lincler date 9th instant: —"Wool | sales: Lists closed September 6th. Rcmueia. Matakana. Horornta. City of Winchester, Port Napier, Kuahinc available." MEAT PRODUCERS’ BOARD Mr W. D. Hunt, who has been a member of the New Zealand Meat Producers’ Bonn! sine* its inception, has been reappointed by His Excellency the Gover-nor-General to represent stock and station agents on the board. His appointment is gazetted, as is that of Messrs T. A. Duncan and A. Hamilton, who were recently elected to represent on the board producers of meat for export. Like Mr Hunt, they have been members of tI)Q board from its beginning.

duced this season as compared with previous years. He further stated that he had surveyed numbers of large lines of New Zealand meat, which showed btth* if any, handling damage. —-

Buyers. Sellers. JE a. d. £ B. d. Government Loans— Inscribed Stock (1939) — 96 15 0 Inscribed Stock (1338) 96 30 0 Inscribed Stock (1933) 99 15 0 _ War Bonds <1939) 96 10 0 — War Bonds (1938) 96 10 0 — War Bonds (1933) 99 15 0 _ B.O. Inscribed Stock (1927) — 99 5 0 Debentures— N.Z. Breweries (bonds) — 1 5 6 Banks— English, Scottish, and Australian — — 8 4 0 New Zealand 3 1 6 — TJnion of Australia ... 15 0 0 — Financial— N.Z. Guarantee Corp. (ord., 8s) ~ 0 10 2 — Insurance — New Zealand — 3 0 0 South British 3 18 0 — Transport— N.Z. Shipping (pref.) 8 17 6 — Union Steam (pref.) ... 1 0 1 1 0 4 Woollen— Kaiapoi (pref.) .. 0 13 6 — Wellington (pref.) 6 7 0 — Coal— Westport » Stockton (pref.) 0 4 0 Waipa - 0 It 0 — Timber— Lcyland O’Brien. — 2 4 6 Breweries— Manning and Co. ...... 1 19 9 2 1 0 N.Z. Breweries 2 14 6 Staples and Co. — 1 17 6 Miscellaneous— British Tobacco (Aust.) (ord.) 2 11 6 Dental and Medical Supply 0 16 9 N.Z. Farmers’ Fertilizer — 0 14 3 Mining— Waihi 1 0 0 Waihi Grand Junction ' 0 2 C

Sept. Sept. 9th. 2nd. ■Consols £ 54| 97f ioi j- £ British War Loan. SI d.c British War Loan, s' p.c Conversion Loan. 3 1 d.c 7ii Commonwealth, 51 n.c.. 1922-27 101} Commonwealth, 6 p.c., 1931-41 102| 102| Victoria, 3 p.c..' 1929-49 nt Victoria, Si p.c., 1929-49 76$ Victoria, 5i n.c., 1930-40 101 100} Victoria, 5 n.c.. 1932-42 98} Victoria, 41 p.c., 1940-60 96 96} Queensland, 3i p.c., 1930 68* 92} Queensland, 3 p.c., 1922-47 ... 68} Queensland. 6 n.c.. 1900-40 ... 1023 102} N.S.W., 4 p.c., 1933 oii 8i i 91} N.S.W., 3 p.c., 1935 N.S.W., 3i p.c. 1930-50 7-ig 74} N.S.W., 5j p.c., 1922-32 1011 1011 N.S.W., 6i p.c., 1930-40 103J 103} N.S.W., 6 p.c., 1930-40 1021 102} New Zealand. 4 p.c.. 1980 972 New Zealand. 31 d.c.. 1940 85J 85} New Zealand, 3' d.c.. 1944 76 New Zealand, 6 p.c., 1936-51 ... South Aust.. 31 p.c... 1939 108J 82 1081 82| South Aust., 3 p.c., 1916 or 601 103* South Aust.. 6i p.c., 1939-40 ... Tasmania, 3i p.c., 1920-40 103} 83} 83} Tasmania. 3 d.c.. 1920-40 Tasmania, 61 p.c.. 1930-40 104 104 West. Aust., 31 p.c., 1920-35 ... 87 87} West. Aust., 3 p.c., 19i5-35 ... West. Aust., 6 p.c., 1930-40 ... 84 1021 84* 102 P. and O shares, JE252.