COMMERCIAL.

Star (Christchurch), Issue 16942, 17 January 1923, Page 8

COMMERCIAL.

VALUE OF THE MARK. LOWEST POINT ON RECORD. By Telegraph—Fress Association—Copyright Australian and N.Z. Cable Association. (Received January 17^-.13.35 a.m.) NEW YOBK, January 16The German mark has reached the lowest point on record, being quoted at 18,000 to the dollar. Bankers report heavy offerings at Berlin. Amsterdam and London. WELLINGTON WOOL SALES. (Special to the “ Star.”) WELLINGTON, January 17. Keen competition is being evidenced at to-day’s wool sales. New Zealand mills being particularly free buyers. Messrs Levin and Co's and Messrs Murray Roberts's catalogues were cleared before lunch. Prices are fully up to the Napier level and conditions are favouring sellers. (Per Prtss Association.) WELLINGTON, January 17. At the wool sales competition was highly animated from all buying quarters. All crossbreds show, on average grades, an advance of one penny to twopence on the December rates. This is equal to, or slightly better than, the Napier prices. Merino and halfbred were equally competed for by a' local mill. Crossbred bellies and pieces realised from 8d to 30d. Halfbred pieces sold up to 17d. Merino, from Marlborough, made what is believed to be the record price for New Zealand of 29d. Lambs were very strong, showing 2d advance on December rates. This was the position at the lunch adjournment. OTHER ’CHANGES. WELLINGTON. January 17. Reported sale: Crown Brewery. £2. STOCK EXCHANGES.

Waihl Grand Junction - .093 Sales Reported: -Goldsbrough Mort, and Co.. £2 4e fid (two parcels); Henry Jones Co-op., £1 17s fid; Electrolytic Zinc (pref), £1 9? 3d. Sales on Change:—N.Z. Government 5* per cent Bonds. 1933, £IOO 30s; Union Bank of Australia (cum div.), £l4 2s 6d. (Per Press Association.) AUCKLAND. January 17. Sales on ’Change.—Auckland Trams. 21s fid: Auckland Gas (old). 24s 9d: Wilson's Cement. 23s 3d; Soldiers' Loan. £IOO ss;

CHRISTCHURCH. Closing quotations are:— Buyers. Sellers. £ a. cl. £ a. d. N.Z. GOVT. “STOCK— ti p.c. inscribed. 15*38 ‘Mi 15 O 97 10 0 % p.c. Bonds. 1938 . 96 35 0 5 p.c. Inscribed, 1327 96 10 0 5 p.c. Bonds. 1927 . 96 15 0 :.J p.c. Inscribed, 1933 100 0 0 5i P.c. Bonds, 1933 . 100 0 0 BANKS— Commercial of Australia . 11 11 0 1 13 0 Commercial Bank of Sydney . . 23 17 6 National of N.Z. . 6 9 0 New South Wales . 35 17 6 36 2 6 New Zealand . . 2 17 6 2 18 0 Royal (£4 paid) . 6 10 0 6 13 6 Union of Australia (cum. div.) . . 14 0 0 14 2 6 INSURANCE— National . . . 8 13 O New Zealand . .17 9 18 9 Standard ... 1 15 0 LOAN AND AGENCY— Dalgety and Co. . 11 15 0 11 17 6 Goldsbrough, Mort. . 2 4 5 2 4 9 National Mortgage (London reg.) . 3 15 0 SHIPPING— Huddart-Parker . 2 16 0 FROZEN MEAT— Canterbury . . 15 0 0 15 10 0 N.Z. Refrigerating (£1 paid) . 1 S 6 19 6 N.Z. Refrigerating (lOs p-aid) . . 0 15 0 0 15 4 WOOLLENS— Kaiapoi (10s paid) . 0 12 4 GAS— Christchurch • . 7 16 0 8 0 0 BREWERIES— Manning . 4 7 6 Milburn Lime . . 1 11 6 CEMENTS— Wilson's N.Z. Portland ... 1 4 G MISCELLANEOUS — Burns, Philp . . 1 11 9 1 12 6 Colonial Sugar . . 35 0 0 Dental and Medical Supply Co. .10 6 13 0 Glenmorc Brick and Tile . 0 16 6 Mason Struthers (£1 paid) . . .12 6 14 6 Mason Struthers (14s paid) . . . 0 15 3 N.Z. Drug Co. . . 2 14 6 United Pictures (ex div.) . .150 Electrolytic Zinc (pref.) . .19 0 19 6 Electrolytic Zinc (rights) . . 0 10 0 0 10 6 Bawra . . .10 9 M 7VTVr - Waihi Grand Juno-