THE WORLD OF COMMERCE

New Zealand Times, Volume LIV, Issue 12652, 12 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 investmemt and mining stocks, os advised by the Wellington Stock Exchange, are as under:— Buyers. Sellers. „ £ 8. d. «£ s. d. Government Loans— Inscribed Stock (1538) Inscribed Stock (1933) Inscribed Stock (1927) 98 0 0 Inscribed Stock (1941) 98 0 0 War Bonds (1938) War Bonds (1930) War Bonds (1933' 101 0 0 P.O. Inscribed Stock (1929) Debentures— Wn. Racing Club ...106 0 0 N.Z. Breweries (stock) 14 3 14 9 N.Z. Breweries (bonds) 14 6 Petone-Lower Hutt, p.c. (1927-1952) Makerua Drainage ... Banks— National of N.Z *6 18 0 Now Zealand —2 19 3 Now Zealand (“D" shares, 5s pd.) 0 11 9 Union of Australia ... 15 5 6 15 8 6 Financial— N.Z. Guarantee Corp. ’ (ord., 8s) 0 10 5 N.Z. Guarantee Corp. (pref.) 1 0 9 Wn. Deposit and Mort. 0 10 3 Gas— Wellington (ord.) 16 0 Wellington (pref.) 0 16 0

Insurance— National of N.Z 3 13 6 New Zealand 1 17 0 1 18 0 South British 2 16 0 Transport— Huddart-Parker (pref.) 10 6 Union Steam (pref.) ... 10 0 Timber— Leyland O'Brien —2 2 0 National 0 14 9 Breweries— Manning and Co. , New Zealand Staples and Co 1 17 9 Tui 1 15 3 -pSunshine (15s) # Tj 0 Miscellaneous— C. M. Banks (ord.) ... 1 2 6 Burns, Pbilp and Co. 2 0 0 ' Electrolytic Zinc (pref.) 1 18 6 Farmers' Co-op. Auctioneering (ord.) ... 310 0 Howard Smith 1 12 0 1 IS 0 National ‘Electric 0 18 0 N.Z. Milk Products (bonds) 110 12 6 Scoullar f and Co. (ord) Sharland and Co. (ord.) Wairarapa Far mers* (£5) Wairarapa Far mers' (pref.) 0 16 0 Wilson's Cement 1 13 9 Mining— Waihi 0 16 6 Kawarau. 0 3. 0 # Cum div. Sales reported.—N.Z. Breweries (debentures), dfil 4s 9d, ,£1 4s 6d; Wilson's Cement, .£1 146. SALES IN^OTHErTcENTRES. Per Press Association. AUCKLAND, January 11. Sales.—Soldiers' Loan Bonds, £101 ; Bank of New Zealand, 595; South British. Insurance, 56s 9d; Auckland Gas, 23s lOd; Milne and Choyco Debenture Stock, 24e; St. Alburnia, 3s 6d (two sales). CHRISTCHURCH, January 11. Sales reported.—Goldsbrough Mort, 49s 2d, 49s 3d, 49s Id. Sales on 'Change.—National Insurance, 746; New Zealand Insurance, 37s sd. DUNEDIN, January 11. Sales.—Commercial Bank, S3s; Auckland Amusement Park (cont.), 5s 9d prem. (four); Upper Nevis, 6s 9d prem. Sale reported.—Kawarau, 3s 4d. OVER-SUBSCRIBED LAST COMMONWEALTH LOAN. By Telegraph.—Pross Assn.—Copyright. SYDNEY, January 11. The recently-floated Commonwealth .£6,000,00(L oi per cent, conversion loan was over-6ubscribed to the extent of -£505,000. LONDON PRODUCE - MARKETS BANK OF NEW ZEALAND CABLE. The Bank of New Zealand, produce department, has received the following advice from its London office, nnder date 7th instant:— “Butter. —Very slow. Stored, 166 sto 168 s per cwt; controlled, 172 s to 17-13 per cwt. “Cheese. —Steady. Controlled, white 98s to 94s per cwt, coloured 94s to 95s per cwt. "Frozen meat.—The market is short of supplies of New Zealand lamb. Wethers are in good demand, which is likely to continue. Prospects are less favourable for ewes. Beef is depressed owing to heavy stocks of Amrentine:—Wethers, light 6Jd to 6jd jxrf lb, heavy 5Jd to 6d per lb; ewes, 4d to 4Jd per lb; lambs, Australian 7d to 9d per lb, Argentine 7d to 8d per lh; ox, hinds 4d to 4Jd per lb, fores 3Jd to BJd per lb: cow, hinds 3jd to 3|d per lb, fores 3d to 3Jd per lb.” DALGETY AND COMPANY Messrs Dalgety and Company, Limited, report .having received the following cablegram from their London house, under date of the 10th instant:— “The list of arrivals for the sales commencing 18th instant closed on 10th idem. The quantity available is: Cape, 1500 bales; New Zealand, 16,500; South American, 2590; Australian, 59,500; carry forward, 40,000.” MURRAY, ROBERTS AND CO. Messrs Murray, Roberts and Co., Ltd., are in receipt of the following cablegram from their London agents, dated 10th instant: — , “The following vessels have arrived in time for the consignments of wool by them offered in the next series: Tonic, Kia Ora, Bimutaka, Port Hobart and Tamaroa." CONTROL BOARD SALES FIGURES FOR FOUE WEEKS. The following statement has been issued by the Dairy Produce Board in respect to sales of buffer and cheese in London, and to Canada and the United States: — Soles in London.—For the four weeks ended January 7th, 1927, the following quantities of dairy produce under control of the board has been sold : Butter.—Creamery 130,086 boxes whey 2916 boxes. Cheese, 39,889 crates. For the purpose of assessing values it may he taken that the sales represent to mid-October gradings for butter and the first week October gradings for cheese. The average prices realised in London for the above were ns follow: Butter. Creamery 171 s6d per cwt, whey 149 s per cwt. Cheese, 93s 3d ]>er cut. Sales to Canada.—Total strniplit out sales by the board of butter to Canada, through Montreal and Vancouver, to date are 85.700 boxes.

Sales to United States of America.— The Hororatn. which sailed in November, took 15.000 boxes butter on optional bills of lading. New York and London. Of tills shipment 4000 boxes were sold at Panama and ’ the balance at New York Tile Arana, sailing January I2th for Now York, takes 16.000 boxes on New York and Itomlnn optional bills of lading, and the Devon, sailing bebruarv Ist, will also take butter for New York.

WHOLESALE PRODUCE PRICES

Messrs Laery and Co., Ltd., report wholesale values as follow: Tikaka mixed fowl feed, 5-sack lots or over 6s 6d, lesser lots 6s 9d per ‘ousneT; linseed meal, 16e 1001 b bag; linseed nuts, 14s per 1001 b bag; whole lin« seed, 19s 6d cwt; Tikaka oyster shell grit, 5-sack lots, or over ss, lesser lots 5e Cd 1001 b bag; Tikaka pipi shell grit, 5-sack lots or over ss, lesser lots 5s 6d per 1001 b bag; wheat, Canadian, 7s 6d bushel, Australian prime milling (to arrive) 7s 3d; oats, machine-dressed seed Algerian 6s Id to 6s 3d, Algerian ,4s 9d, Dun 6 6s 3d, feed Gartons 4s 6d, crushed 5s per * bushel; shelled oats for chicks, 6s 3d to 6s 6d; New Zealand maize, whole 86 3d, crushed 8s 9d per bushel; barley, feed 5s 6d per bushel; wheatmeal, feed, ton lots 10s; ryecorn, 10-sack lots or over 6s 6d, lesser lots 6s 8d per bushel; ryecorn, undergrade, for pig feed, 5s per bushel; butter, prime farmers' separator and dairy, bulk and £ats, lid to Is per lb; turkeys, Is 3d to is 4d per lb; eggs, first grade new-laid 1s lOd to Is lid per dozen, storekeepers' T 1 to Is lOd dozen; ducks, Runners, young 8s to 9s, large Whites 16s to 13s, old 6s 6d to 8s per pair; fowls, White Leghorns 5s to 5s 6cf, Black Orpingtons and similar heavy varieties 6s 6d to 96 per pair; fungus, New Zealand, lid per lb; dressed pork, 60's to 90’s, 8d to 9d per lb; sucking pigs, B£d to 9Jd per lb; honey (discoloured), in 601 b tins, 5u per lb; Farro food, $-ton lots or over «£9 10s, lesser lots 10s; sucrosine, j-ton lots or over ,£l2, lesser lots 11s 6d; maize meal, 9s 6d per bushel; charcoal 14s 9d per 501 b bag; rock salt, 6s per bag; molasses, in casks 40s each, in cases 8s 6d per case; Blenheim cnaff, ton lot 6, prime <£lo 10s, good heavy .£8 to per ton; basic slag ,£5 5s per ton; Chinese peanuts in ©hell, sack lots 4Jd per lb; Java shelled peanuts, sack lots 4£d per lb; superphosphates «£5 16s per ton. f.o.r. New Plymouth. less discounts; barley meal, 12s per 1001 b bag; bran. $-ton lots or over .£9 per ton, lesser lots 9s 6d per cwt; pollard, 4-ton lots or over «£ll 10s per ton, lesser lots 12s per cwt; Tikaka pigmeal, ,£ll 15s per ton for ton lots, lesser lots 12s per ICOlb; Moreg poultry 6pice, cases containing about 40 pockets <£3 10s case, lesser lots 2s 6d per packet; Black Leaf 46 spray, 21b tins 13s, 101 b tins 50s each net; seeds, white clover Is Dd, cowgrass 16 6d, Danish cocksfoot lid per lb; Italian rye 7s bushel, perennial Gs, Western Wolths 7s; new potatoes, «£6 10« per ton, 10s per cwt. CUSTOMS REVENUE The Customs revenue received at the port or“We]!ington yesterday aggregated <£10,900.