COMMERCIAL.

Otago Daily Times, Issue 19906, 28 September 1926, Page 8

COMMERCIAL.

BANK OF NEW ZEALAND. NEW BONO TERM SHARES. Under last session’s legislation authorising the tormation of a Long Term Mortgage Branch of the. Bank of New Zealand and the issue of 1,406,250 long tbrra mortgage shares of £1 each, the board of directors of the bank has resolved to issue half that number of shares. ■ , _ , The new issue of 703,125 shares is offered, two-thirds (468,750) to shareholders, and onethird (234,375) to the Government. Under the heading of “Increase of the Bank’s Capital,” a circular, signed by the general manager of bank, Mr H, Buckleton, has been sent out-from the head office to shareholders in which the effect of the legislation is fully explained. SYDNEY WOOL SALES. (Press Association— By Telegraph—Copyright.) SYDNEi, September 27, (Received September 28, at 1 a.m.) At the wool sales the market ruled very firm at the closing rates of last'week. Competition was well sustained and full and satisfactory clearances were made. Greasy merino sold to 27Jd. Scott Bros., produce merchants and. commission agents, agents for the Egg and Poultry Growers' Association, Dunedin, report;—Eggs: Stamped, Is €d; fresh. Is 4d. Butter: Dairy patSj Is 3d per lb; bulk, le 3Jd. . Honey; Slow; prime bulk, SJd per lb; 101 b tins, S« 6d each. Beeswax, Is 3d to is 4d per lb. Fat, 23s to 26s per cwt. Poultry: Hens, 4s Gd to 5s per pair; ducks, good, 8s to 4s each, geese, 3s to 4s each; turkeys, hens Is, gobblers Is. 2d per lb. Bigs; Prime baconers wanted at BJd per lb; porkers, &Jd to SJd per lb; over-weights, 4d per lb. Potatoes: Best tables, quiet, £B per ton, ex truck. Chaff: Prime oaten sheaf, £6 per top, sacks extra. Whole fowl wheat 7s 3d to 'Ss per bushel, Japanese onions, 24s per crate. Maize, 9s per bushel. Oats, 4s per bushel, sacks extra. Straw; Pressed wheaten £3; oaten, £3 10s. Clover and ryegrass hay, £4 10s per ton, ex store. Please Note.—Pigs and poultry must arrive not later than Thursday in the week. We shall be pleased to quote for the following lines; —Pardora meat meal, oyster shell grit, Star brand chicken food, Horizontal egg crates, Volata motor spirits and Duckham oils. September 27, 1926.