COMMERCIAL.

Star (Christchurch), Issue 17343, 16 July 1924, Page 8

COMMERCIAL.

LONDON WOOL SALES. The Department of Agriculture lias received the following cablegram, dated July 14, from the High Commissioner for New Zealand, London: — WOOL. Sales closed on Friday, July 11. five days earlier than advertised, on account of the unusually large proportion of wool being withdrawn. Prices have declined from par to 5 per cent for merino, and from par to 5 per cent and 7$ per cent for cross-bred slipe. Average closing- rates are:—6o to 6 4’s (merino). 2s 4d to 2b lOd; 56’s (super half-bred), 2s 2d to 2s 6d: 4S’s (.fine cross-bred). Is Gd to Is lOd; 44 to 46’s (medium cross-bred), Is 5d to Is 6d; 36 to 40’s (coarse cross-bred), Is 3d to Is 4sd. STOCK EXCHANGES. CHRISTCHURCH. Following are the latest quotations :

div.) £ls 6s 6d. OTHER EXCHANGES. AUCKLAND. July 16. Sales on 'Change: Bank of New Zealand, 55s 3d; Standard Insurance. 41s; N.Z. Breweries, 27s 9d. Sales reported: Waihi, 295. WELLINGTON, July 16. Sales reported: 5$ per cent, inscribed stock, 1933. £lOl 12s Gd; Wellington Racing Club Debentures, £lO7.

Buyer*. Sellers. £ e. tl. £ a. d. N.Z. GOVT. STOCK49 p.c. Bonds, 19SS . 97 0 0 97 7 6 4£ p.c. Bonds, 1933 . 97 0 0 97 7 0 5 p.c. Bonds, 1927 . 98 0 0 3 p.c. Inscribed, 1927 . 9S G 0 5s p.c. Inscribed, 1933 101 5 0 5* p.c. Bonds, 1933 . 101 12 6 DEBENTURES— Christchurch Tramways, o£ p.c., 1941 93 10 0 "Wellington Harbour Board, 6? p.c. 1940 9S 10 0 BANKS— Adelaide . .326 Australasia . 13 7 (> New South Wales - 40 12 6 New Zealand . 2 15 0 15 ft Royal (£4 paid) . 6 13 O 6 15 0 Union of Auet. (cum div.) . . 13 3 0 13 6 6 INSURANCE— Standard . .206 LOAN AND AGENCY— Goldsbrough Mort (cum rights) . 2 6 10 2 7 4 Permanent Invest . 10 10 0 SHIPPING— Howard Smith . 1 15 0 1 15 9 Huddart Parker (pref.) . .10 6 FROZEN MEAT— N.Z. Refrig. (paid cum div.) . .10 0 10 9 N.Z. Refrig. (contr. cum div.) . 0 9 6 0 9 8 WOOLLENS— Kaiapoi (pref.) . 0 18 9 CCAL— Westport Stockton 0 4 11 0 5 0 GAS— Christchurch . 8 0 0 BREWERIES— Crown (ex distrib.) 3 .18 6 2 1 0 Manning . . 1 10 1 1 10 4 New Zealand . 179 196 Ward . . 2 8 6 2 9 0 TIMBER— Kauri - 19 0 MISCELLANEOUS— Beath and Co. . 1 12 9 Beath. Schiess . . O 12 6 British Tobacco . 2 3 0 Burns, Philp . 1 13 6 1 14 9 Electro. Zinc (pref. cum div.) . 18 0 Electro. Zinc (deferred ord.) 13 8 Glenmore Brick and Tile (ord.) . 0 19 6 Mason Struthera (6s paid) . . .069 Mason Struthers (48 paid) . .0 4 7 0 4 8 N.Z. Farmers’ Co-op. £2 paid ) .096 N.Z. Farmers’ Co-op. (6 p.c. oum. pref.) 4 0 0 N.Z. Milk Products . 16 0 N.Z. Sugar of Milk 17 0 1 11 0 United Pictures . 16 0 19 0 M'J NING— Grand Junction . 0 2 6 0 3 3 Sales on ’Change—Union Bank (cum