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COMMERCIAL.

STOCK EXCHANGES. CHRISTCHURCH-. Buyers. Ser’ere. £ s. d. £ e. d. N.Z. GOVT. STOCK—- - 4h p.c. Inscribed, 1938 97 O 0 4$ p.c. Inscribed. 1939 97 0 <)

Sales on ’Change—Bank of Adelaide, £8 Sa 6d. Following are t.be latest quotations:— WAT HI GOLD MINES. For the four weekly period ended September -29 the Waihi Gold Mining Company crushed and treated 16.258 tons of ore for a return of 5349 fine ounces of gold and 44,947 fine ounces of silver, approximately worth £29,000•A progress report of the development cabled to tbo London office, included tho fc llowing information:—No. 6 level. North. Tx>de, value. 54.-59; No. S level, Edward Lode, intersected first, 32 feet worth. 11s 9d per ton; next 19 feet, 34s 9d per ton; No. 34 level (lowest), intersected a reef, first 14 feet worth Gs per ton. OTHER EXCHANGES. Per Press Association. DUNEDIN. October 15k Sale—Bank of New Zealand, 52s 9d. WELLINGTON. October 12. Reported sales— 54 per cent Inscribed Stock. 1933, £lO2 2s 6d; New Zealand and River Plate Land. 21s 3d; Ifuddart-Parker (ord.), £'2 2s; Wellington Woollen (ord.), £8 19s; Westport Coal, £2 0s 9d; Kauri Timber, £1 6s l*d. GOOD HIDES IN DEMAND. By Telegraph- Press Association—Copyright Australian and N.Z. Cable Astociatvm. (Received October 12. 11.23 a.m.) MELBOURNE. October 19. At the hides sale bidding was very spirited for all good hides and previous values were fully maintained. Sloppy and mGrior parcels were not in strong dcMARKETS. By Telegraph—Press Association—Copyright, Australian and N.Z. Cable Association. (Received October 12, 11.25 a.m.) MELBOURNE. October 12. Barley—English 3s 9d to 4s per bushel. Oats 3s 9d to 4s per bushel. Oats—3s 7d to 3s 9d per bushel. Potatoes —£13 lOs to £ls per ton. Onions—£4 to £4 5s per ton. SOUTH AUSTRALIAN FINANCES. By Telegraph—Press Association—Copyright Australian and N.Z. Cable AssociatL'r. (Received October 12. 11.25 a.m.) ADELAIDE. October 12. Tn the assembly the treasurer, delivcring tho Financial Statement. said iliat alter earmarking £142.000 for the redemptmn _ of the public debt, lie had a surplus of £5183. He estimated the revenue for tne year at £8,881,802, and the expenditure at £8.874,305. HOME WOOL MARKET. By Telegraph Press Association—Copyright Australian and N.Z. Cable Association. (Received October 12, 12.10 p.m.) LONDON, October 11. •-he -Hull, wool sales opened with a strong and active demand. Cross-breds were fully equal to Liverpool prices. Tho Bradford tops market is more cheerful Merinoes are still neglected. Crossbreds are in slightly better demand, with a hardening tendency. Quotations, which are purely nominal, are unchanged. BA.W.R.A.’s stocks of wool on September 30 were: Australia.n merinoes 1371 hales; cross-breds, 289,370 bales; New Zealand. 142,560 bales. The quantity disposed of in the last nine mouths amounted to 479,935 bales.

BRITISH TRADE. By Telegraph—Press Association—Copyright Australian and N.Z. Cable Associat, n. (Received October 12, 12.10 p.m.) LONDON, October 11. The trade returns show that tho following increases occurred during SeptcmImports .... 6,499.001 Exports .... 1,325,045 .Re-exporfs .... 1,729,000 The principal increases in tho imports Animals for food . . 1,210,002 Y ood and timber . . i 404 570 Rubber . . . . i [-226.7*0 The principal increases in the exports were:— £ Iron and steel ... 1,529,729 Woollen yarn and goods . 1.102.624 The biggest decrease in tho imports Raw wool . . , . . 1.694.190 The principal decreases in the exports were;— £ Cotton yarn and goods . 1,843,159 Vehicles . . . 2,732,139 BTG TIMBER DEAL By Telegraph—Press Association—Copyright Australian and N.Z. Cable Association (Received October 12, 12.19 p.m.) lA>NDON. October ; 1. It is understood that four British firms have combined and bought over half n million tops of Russian timber, the whole stork that is available for shipment from Petrograd. It is worth £400,n00, an d will lx> shipped to England within a few

4i p.c. Bonds, 1938 . 97 2 6 4jr P.c. Bonds, 1939 . 97 2 6 4$ p.c. Bonds. 1930 . 97 0 t> 4a p.c. Bonds. 1911 . 97 2 6 97 7 6 5a P.c. Inscribed. 1933 102 5 0 5J p.c. Bonds, 1933 . 102 5 0 DEBENTURES— Ota-go Harbour Board (4i P-C-, 1934) - 86 0 0 N.Z. Breweries, 10 p.c. 102 0 0 Glaxo. P-c., 1945 . £5 0 0 BA nks— BaJik of Adelaide . S 10 0 Comm, of Australia (pref.) ... 700 National of N.Z. . 6 15 6 6 17 6 New South Wales 41 5 0 New Zealand (old New Zealand (new issue) . . *3.11 6 Union of Australia * 15 0 0 INSURANCE— National . » 3 18 0 New Zealand . 1 10 6 LOAN AND AGENCT— Dalgety and Co. . 13 0 0 * Goldsbrough. Mort. . 2 7 0 National Mortgage . 4 5 0 N.Z. and River Plat© 12 0 SHIPPING— Howard Smith . * 2 21 O 2 12 9 Huddart Parker . 2 1 9 2 2 3 FROZEN MEAT— Canterbury . . 15 0 0 N.Z. Refrigerating J£l paid) . .13 0 13 6 N.Z. Refrigerating (contr.) . . . 011 3 0 12 3 COAT^-Westport-Stockton . 0 5 0 Westport ... 216 WOOLLENS Kaiapoi (£1 paid) . 10 9 Tvaiapoi (contr.) « 0 310 GAS— Auckland . • .16 0 BREWERIES— Crown . • , s 2 H S Manning . . .16 9 17 3 W arc! ... 236 CEMENTS— Wilson's Portland . 1 S 6 19 0 TIMBER— Kauri * 1 S 6 MTSCETjDA neous— Beath and Co. . * 110 n 1 14 6 Burns, Philp . # 1 12 6 1 33 G D.T.C. (10s paid) . 0 12 6 Glenrnor© and Til© . . 0 13 6 Mason. Struthers (£1 paid' ... 166 N.Z. Drug Co: . .346 N.Z. Sugar of Milk 3 13 3

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Bibliographic details

Star (Christchurch), Issue 17169, 12 October 1923, Page 7

Word Count
882

COMMERCIAL. Star (Christchurch), Issue 17169, 12 October 1923, Page 7

COMMERCIAL. Star (Christchurch), Issue 17169, 12 October 1923, Page 7