COMMERCIAL.

Star (Christchurch), Issue 17710, 3 December 1925, Page 7

COMMERCIAL.

r. AND O. COMPANT. By Telegraph.—Press Assn. —Copyright Reuter’s Telggrams. (Received December 3. 11 a.m.) LONDON. December 2 A reduction of the dividend on deferred stock ir, the P. and O. Company from 12 to 10 p-r cent, is recommended in the annua! owing to the poor scale of trade, and losses by labour troubles in Australian and Cape p» rls. Passenger traffic continues satisfactory espr laliy that to Egypt. WOOh PRICES. By Telegraph.—Press Assn.—Copyright ** Sydney Sun " Cable. (Received December 3. r.ocn.) LONDON, December 2. Prominent speakers at the Colonial IV 00l Buyers’ Ass«.*ciation dinner, including Sir A. If. Goldfinch. Mr Emuley and Sir Henry Whitehead, urged that growers should accept more reasonable prices, allowing every section In th*- trade a fair profit. and permitting millions of people to wear wo'Slen frarmenrs, ami buy two suits where at present thes- were buying one. BALE OF CF.OWN LANDS. This morning at the Lands OfTice. two ar<«as of Crowi. Land were offered for sale by public suction. The first was a section c*f fourteen perches, situated in Balguerie Street. Akaroa, opposite the High School. It was sold to the Alrarca Borough Council for £134. The second section, containing 2 acres 3 roods 31 porches, situated er.e mile from the Domett Railway Station, was sold to Mr C. R. Bruntnn, of Domett, for the upset price cf £65. PROPERTY AI7CTIOT SAKE. Messrs W. E. Simos ar.d Co.'sold by public auction yesterday, a two-atorev bungalow of eight rooms and fiveeighths of an acre, in Jackson's Roan, Ftndalton. to a client at £3OOO. A twostorey bungalow in Merivale vru also submitted and passed in at £2300.

STOCK EXCHANGES. CHRISTCHURCH. The following are latest ciuotatlor.s? — Buyers. Sellers.

Sales reported—Electro. ZJr.c (daZealand r.,frigerating (contr.), Ss: Staple Brewery. 45s 3d. OTHER EXCHANGES*. Per Press Association WELLINGTON. December.?. Sales reported—British Tobacco (Australia), ord.. £2 *»** _ AUCKLAND. Decernoer S. Sales on V'hange—Walhi, 235. Sales r^pm-ted—Gear Meat. 39s 6d: Colonial Sugar. (35. Pukemiro Colleries. 4 6d • Ward's Brewery. 29s 6o; Brewerv, 435: Electrolytic Zinc, 32s I Oil. DUNEDIN, December 3 Sales reported—Xew Zealand Breweries. 255.

£ s. tl. £ s. d. . x z. govt. si'onc— >i p.c. Bonds, 393S 96 7 6 5 p.c. Inscr., 1927 97 30 0 n p.c. Bond.®, 3 927 98 0 0 5i p.c. Inscr., 3933 99 12 6 5i p.c. Bonds. 1933 99 12 6 OTHER DEBENTURES— North CanterburyHospital. 5£ p.« . 98 0 0 • Napier Harbour, 52 p.c. . 100 10 0 N.Z. Breweries, Inscr. 15 0 N.Z. Breweries (Bonds* .149150 Booth. Macdonald, 6i p.c. 78 0 0 N.Z. Refrigerating;. 6i p.c. . 100 0 0 BANKS— Adelaide . . S 15 0 Aust. Bank of Commerce . 1.10 0 Australasia . 14 0 0 14 6 0 Comm, of Aust. . 1 34 0 Comm. of Sydney 25 3 0 25 15 0 National of Australasia (£10 Paid) . . 1616* National of Australasia (£5 pd) 8 11 6 8 13 0 National of N.Z. 6 15 6 6 17 6 New South Wales 41 5 0 41 15 0 New Zealand . 2 17 6 2 17 9 Royal (£1 paid) . 1 15 0 X'nion of Aust. . 14 38 0 14 19 6 Victoria (ord.) . 7 10 6 7 13 6 Western Aust. . 213 3 214 6. INSURANCE— National . . 318 6 400 Standard 2 S 0 LOAN AND AGENCY— Goldsbrough, Mort (cum) . .2 7 3 2 8 0 Goldsbrough. Mort (new) - 2 6 4 2 6 9 National Mort. 3 16 0 N.Z. Loan ard Merc. (ord. stock, cum div.) 94 10 O' Christchurch Building: . 11 1 6 SHIPPING— Howard Smith . 1 13 3 1 14 0 Huddart 3’arker . 2 3 6 2 4 * 1'. and O. Doferred stock (cum div) . 240 o 0 Union (prof.) . 0 19 10 1 0 t FROZEN MEAT — Canterbury (cum div > 1015 0 1112 • Gear 1 IS 6 N.Z. Refrigerating (paid) 0 17 0 0 17 o N.Z. Ref ripe rating- (contr.) . 0 711 0«1^ WOOLLEN S— Kniapoi <17s pd. ► 0 S« 6 Kaispoi (pref.) 0 10 f Stockton (prcf.) - 0 3 0 'ohriJtehuroh . 7 S 6 III# Timaru • 7 • • BREWERIES — . *» n > Manning: T 19 6 _ o •) New Zealand - 2 19 «> _ Ward - 3 is o 4 a v Staples . .229230 T Kau B rT n iTT UI11 div) 1 13 6 1 14 MISCELLANEOUS— - Reatb and Co - 1 13 U British Tobacco . - ® ” Colonial Sugar . 52 0 0 I,opinion Rub- 3 2 G E, r'b.,' z ;;;. *« * *» * deferred) Z '" Z 1 ™ « 1 11 9 Mason Struthers (£1 paid) - 14 0 Mason Struthers (14s paid) 0 14 0 0 15 0 Mason Struthers (10s paid) 0 10 4 0 11 3 Mercantile Finance Corporation < £1 paid) O 17 0 Mercantile Finance Corpora- . - iton (5s paid) . " J , N.Z. Drug Co. 3 6 0 ‘ A N.Z. Farmers' Co- . op. (£5 paid) . - 0 0 N.Z. Guarantee _ Corporation N -U 6USlr . ISO 0 Kawarau . 0 6 7 0 6 11 Mt. Lyell (cum - div.) . . • i 2 2 1 St Bathnna . 0 9 h prim.