THE WORLD OF COMMERCE

New Zealand Times, Volume LIV, Issue 12651, 11 January 1927, 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 Exchange, are as under:—

Kawarau. 0 3 0 •Cum div. SALES IN^OTiSrCENTRES. Per Press Association. AUCKLAND, January 10. Sales: Northern Steam (contnb.), 6s 6d'; Alburnia, 3s 6d; Milne and Choyce (deb.), 24s 3d; Moanafaiari (contrib.), 5s 3d. DUNEDIN, January 10. Sales: St. Bathan "A" 8s (discount). CHRISTCHURCH, January 10. Sales oa 'Change: Goldsbrough Mort., 49s (two parcels); Western Australian Bank, 54s 6d. DAIRY PRODUCE BOARD The New Zealand Dairy Produce Board has received the following cablegram from the London' office of the board, dated January 7th N BUTTER. New Zealand, salted, finest 1745, first grade 1725, unsalted 182 s, stored 162 p to 168 e. Market quiet; anticipate renewed activity shortly. Australian, finest 1665, 170 e, and 1725; exceptional; fine 1565, 1645. Argentine, 150 s, 1625. Dutch, unsalted 188 s, 190 s. Danish, 180 s, 182 s. Estimated stocks stores and wharves all butters at January 3rd, 1927, about 400,000 boxes. Markets in France and Germany unchanged. Retail prices: New Zealand Is Bd, Danish Is 9d. CHEESE. New Zealand, finest, white 945, coloured 955; first grade 93e, 94e. Market steady with moderate demand. Canadian, white and coloured 925, 98s, according to quality. Retail prices unchanged. I Estimated stocks January Ist, 'Canadian 133,600 boxes, New Zealand 38,350 crates. Position approximately similar last year. 4 The Board has 'also received the following advice from its agents in Canada:— Butter—New York 50$ cents (2s lsd), Montrael 41$ cents (Is 83d), Vancouver 42 cents (Is 9d). Cheese—Montreal 19$ cents (9|d). TO FIGHT CORN-BORERS TJ.S. CONGRESS VOTES ,£2,000,000. '"Sydney Sun" Cable.) WASHINGTON, January 8. Congress, thoroughly alarmed at the spread of corn-borers, appropriated ,£2,000,000 to fight the ‘pest. SYDNEY WOOL SALES MARKET "HARDENING. By Telegraph.—Press Assn.—Copyright. (Received January 10, 10.30 p.m.) SYDNEY, January 10. The wool sales were resumed to-day. The market was firm at last week's closing* rates, with a Tiarfiening tendency for fine sorts The demand wa6 general, and Japanese and American buyers were particularly active. BANK RETURNS DECEMBER, QUARTER. The statement of the average amount of liabilities and assets of the Commercial Bank of Australia and Bank of New Zealand for the quarter ended December 31st, 1926, compared with those of the corresponding quarter of 1925, are as follow: COMMERCIAL BANK. Dec., 1926. Dec., 1925. £ .£ Notes in Circulation 133,273 58.802 Free deposits ;... 950,425 950,470 Fixed deposits 372,859 288,475 Coined metals 142,035 136,921 Discounts 55.281 48,610 Advances 1,351,090 1,205,708 BANK OF NEW ZEALAND. Dec., 1926. Dec., 1925. X X Notes in circulation 3,864,269 4,454,542 Government deposits 2,383,149 3,696,533 Free deposits 10,813,1.76 11,692,254 Fixed deposits 10,854,208 10,467,817 Coin and bullion.... 3,473,048 3,435.759 Discounts 1.221066 1,268.871 Advances 21,720,724 20,306,017 CUSTOMS REVENUE. The Customs revenue received at the port of Wellington vesterday aggregated 418557.

DOMINION JPRODUCE

BUTTER AND CHEESE LONDON QUOTATIONS. The Department of Agriculture has received the following cablegram, dated January Bfh, from the High Commissioner for New Zealand, London:— BUTTER. Market quiet. Official quotation are: New Zealand.—Finest salted (new season's): January Bth, 172 s # to 174 s per cwt (Is 6£d per lb); December 31st, 172 s to 174 s per cwt (Is 6£d); unsalted, January Bth, 180 s to 182 s per cwt (Is 7id to Is Other qualities: January Bth, 162 s to 166 s per cwt (Is s£d to Is finest salted (stored), January Bth, 166 s 168 s per cwt (Is s|d to Is 6d); December 31st, 166 s to 168 s per cwt /(Is 5Jd to Is 6d). Other qualities: January Bth, 160 s to 162 s per cwt (Is 5d to Is sld). New Zealand Control Board minimum prices are Finest shlted, 174 s per cwt Is 64d per lb); first grade, 172 s per cwt (Is 6£d per lb). Australian.—Salted: January Bth. 166 s to 170 s per cwt (Is 53d to Is 6Jd), up to 172 s per cwt (Is 6sd); December 31st, 166 s to 172 b per cwt (Is s?d to 1s 6|dh Unsalted : January Bth, 172 s to 17Ss per cwt (Is 61d to 1s 6|d); December 3ist, l?2s to 176 s per cwt (Is 6Jd to Is 6Jd). Other qualities: Januavv ~Bth, 146 s to 166 s per cwt (Is 34d to Is 53d). Argentine. Unsalterl: January Bth, 158 s to 162 s per cwt (Is 4'Jd to Is oid); December 31st, 158 s to* 162 s peT cwt (Is 43d to Is 5-Jd); January Bth, exceptional, 164 s per cwt (Is 54d). Other qualities: January Bth. 144 s to 156 s per cwt (Is 3J d to Is 44(1). Danish.—January Bth, 180 s to 182 s per cwt (Is 71<1 to Is 7sd); December 31st, 184 s to 186 s per cwt (Is 7fd). CHEESE. Market steady. Official quotations are: English. Finest farmers: January Bth, 108 s to 112 s per cwt (llid to Is per lb); December 31st, 108 s to 112 s per cwt lUd to Is). Canadian.—Finest coloured and white: January Btli, 94s to 98s per cwt (lOd to per lb); December 31st, 94s to 98s per cwt (lOd to 10£d). New Zealand—Coloured, January Bth, 94s to 95s per cwt (lOd per lb); white, 93s to 94s (9Jd to 10d); December 31st, mixed, 93s to 95s (9sd to lOd). Now Zealand Control Board minimum prices are:—Coloured, finest 95s (10d>, first grade 94s (10d); white, finest 91s (lfid), first grade 93s (9.]di, Australian—Coloured and white, January Bth, 92s to 93s (93d); December 31st, 93s to 94s (9Jd to lOd). Tl\e estimated stocks of choeso on January let at London, Liverpool, and Bristol were; Canadian and American, 133,600 boxes; New Zealand and Australian, 38,350 crates, against 139,400 boxes and 30,400 crates ntsame time last'year. A shipment of New Zealand produce arrived this week per s.s. Hororata. TALLOW. Market steadier during the last fortnight, and fair business has been done. Official quotations arc: Mutton: Fine 395. fair to good 36s 6d to 38s, dark to dull 35s (o 35s fid per cut: Beef: Sweet and/or mixed S 7« to 40s, fair to good 35s 6d to 375, dark to dull 34s to 355. Mixed : Fair to good 3os to 36s 6d, dark to dull 34s to 34s 6(1. Gut, etc., 32s to 345. HEMP. Manila market easier this week, hut close* with a firmer tone. “J" grade, Janunry-March shipment, quoted at .£46 16s; output last voar 1.254,259 bales against 1,241.978 in the previous year. Stocks in Great Britain on January Ist were 3000 bales. against 25.<*Mh Stocks iu .Manila 113,000 .halos .against 153,000

for same time last year. Sisal market dull. No. 1 Tanganyika offered at £4l ss. New Zealand market easier, with, sellers of highpoints at ,£37 for any position. Fair, January-March shipments, Buyers afloat for fair, £36 56 to j6S6 10s. Tow afloat in demand on the basis of £2f> for No. 2 quality. WOOL. Bradford market quiet, but quotations for tops well maintained on last basis. EGGS. Prices have declined, but small busi* ness has been done. Present quotations are:— English, Dutch, Danish, 20s to lJ4s per long 100; Belgian. 17s to 18s; Australian, 16s to 17s; South African, 16s to 17s; Polish, Egyptian, 96 to 12s 6d. OATS. Little more inquiry for best English. Fine bold white selling at 27s to 28s. Market quiet but steady for imported Plate afloat sold at 21s 3d, and January-

February shipments offered at 20s. Chilean offered nt 22s 6d. Nominal value of Now Zealand “A" grade Gartons, Janu-ary-Fcbruary shipments, 28s. TEAS. Maple market nuiet. Spot stocks small and value maintained. New Zealand, Fobruary-Mnrch shipments, offered 83s 6d; March-April shipments, 82s. Tasmanian. January-February e«hipmonts, offered at 91s. Good inquiry for blues on account of shortage of English and Dutch marrowfats. Tasmanian and New Zealand quoted ,L:iS to .£22 per ton, ex store. BEANS. English in good request; best winter offered up to rin 2 quoted at 525; Chinese Horse afloat offered £lO Ss 9d per ton.

Buyers. Sellers. £ 8. d. £ d. Government Loans— Inscribed Stock (1939) — 97 2 fi Inscribed. Stock (1938) — 97 2 6 Inscribed Stock (1933) — 101 5 0 War Bonds (1938) — 97 2 6 War Bonds (1930) War Bonds (1933) 101 0 0 98 2 a P.O. Inscribed Stock (1929) — 96 15 0 P.O. War Bonds (1927) 99 0 0 —

Debentures— N.Z. Breweries (stock) — 1 4 9 N.Z. Breweries (bonds) — 1 4 9 Banks— National of N.Z *6 IT 6 — New South Wales 46 0 0 — New Zealand — 2 19 3 Union of Australia — 15 10 0 Financial— N.Z. Guarantee Corp. (ord., 8s) — 0 10 6 N.Z. Guarantee Corp: 1 0 6 — N.Z. Loan and Mcrcantile Acencv (ord.) 90 0 0 — Wn. Deposit and Mort. — 0 10 3

Gas— Wellington (ord.) , 1 6 0 Wellington (pref.) 0 16 0 — Insurance— South British. 2 16 0 New Zealand 1 16 0 1 17 9 Transport— Huddart-Parker (ord.) 2 6 6 Union Steam (pref.) ... 0 19 11 — Woollen — Wellington (ord.) *6 5 0 Wellington (pref.) *6 5 6 — Timber— Leyland 'O'Brien 2 2 0 Breweries— Manning and Co. ...... 1 1 0 Staples and Co 1 17 » — Tui 1 15 3 — Miscellaneous— Burns, Philp and Co. Electrolytio Z i n © 1 19 1 16 6 6 (ord.) Electrolytio Zinc 3 0 1 18 1 12 6 3 1 19 1 13 National Electric 0 18 0 N.Z. Milt Products (bonds) i i i 1 2 3 Scoullar and Co. (ord) — • 1 2 6 Sharland and Co. (ord.) Wairarapa Par mers* — 1 2 6 (JB5) ; Wairarnpa Far mere’ 4 1 0 0 0 16 Wilson’s Cement ...... 1 18 6 1 14 0 Mining-^ Alexander Mines (6s)... — 0 9 0