CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXIII, Issue 18906, 22 January 1927, Page 12

CHRISTCHURCH STOCK EXCHANGE.

OTHER EXCHANGES. (PBESB iSSOCUTIOH IILKaUB.) AUCKLAND, January 21. Sharemarkct Sales—National Bank of Now Zealand, £7 ?s Gd; Auckland Gas, 23s 10d; ditto (con.), 15s; Devonport Perry, 255; Alburnia, 3s Bd, 3s 7d; Moanataian (con.), 4s 4s; Golden Ago (con.) 3d; Kawarau, 4s, 3s lid 3s 10d; Ohinemuri, 5s lOd. WELLINGTON, January 21. Sales reported—Union' Bank of Australia, £ls 19s 6d; Electrolytic Zino (pre!.), ±1 17s 6d DUNEDIN, January 21. Sales—P. and 0. deferred stock (£245 (odd parcel); Staples Brewery, 39s 6d; Kawarau, 3s 9d (four parcels), 3s lOd; New Zealand Refrigerating (con.), 6s; Milbum Lime and Cent Company (rights), 5s (three parcels); Auckland Amusement Park (con.), Ob prern. Sales Reported—si per cent. Soldiers Inscribed (1933), £101; Smith and Smith, 17s 9d. FEILDING STOCK SALE. (PRESS association telegeam.) FEILDING, January 21. Six thousand sheep were forward for tuo Feilding sale to-day, mainly lambs, and a few pens of store wethers and breeding ewes: Fat sheep were in short Bupply, and sold at late rate's. Best rape- lambs about maintained last week's prices, while anything inferior showed a decline of from Is to Is 6d per head. A line of 200 good Romney shorn wether lambs off the hills fetched 16s. Black face rape lambs made 15s 6d to 18s 3d, Romney wether lambs 16s to 18s, fourtooth wethers 21s 6d, two-tooth wethers 17s to 20s, store ewes 9s to 12s 2d, fat wethers 21s to 235, fat black face lambs 17s 7d to 21s, fat ewes 14s to 17s.

There was a very small yarding of cattle and a dull Bale. Fat cattle sold at late rates. Practically no store cattle were yarded. Dairy cows in milk ma.de £3 17s 6d, good fat cows £5 7s 6d to £6, and medium fat's £3 10s to £4 ss.

WOOL SALES. (BT CABLE—PRESS ASSOCIATION— COPYRIGHT.) (AUSTRALIAN AND N.Z. CABLE ASSOCIATION.) LONDON, January 20. At tho wool sales prices were very firm at full into rates. There was a splendid selection of greasy crossbreds, and a good lot of greasy and scoured merinos. The New Zealand "Opou" clip brought up to 15Jd (average prico 14Jd) and "Moku" up to 22Jd (average price 21Jd). The Bradford tops market is firm, with very little business. Quotations are: Sixtyfours 46d, sixties 43d, fifty-sixes 32d, fifties •MJd fortv-sixes 20Sd, forties 19Jd.

The Department of Agriculture lias received the following cablegram, dated January, 19th, from the High Commissioner for New Zealand, London:—Tho wool sales opened yesterday with a large attendance. The Continental section was well represented, and there was an excellent competition. Compared with closing rates for last Beries, finest merino was 5 per cent, dearer; others, merino fine crossbred par to 5 per cent. hi"lier- coarse crossbred and medium crossbred firm and unchanged. The total avaijlX for the series was 131,000 bales, of w rich 4" no were New Zealand, 81,000 Austra i"n, and 4000 South American.

METALS. „ p prEsS ASSOCIATICN-COFTRIGirr.) (BY C !7 !~d kz. cable association.) (AUSTRALIAN A.'D «••*• (Revived January 21st, W. 15 p.m.) l l,c - el LOXDOX, January 20. Copper-Standard, npot 3d per ton, P« ton, lonvard £27 Spelter-Spot £3O 13s I- ton, forward £3O 13s od. , . tou forward Tin-Spot £290 12s bd per £205 Is 3d - 1b j por ounce. Silver-Standard 23 6-16 d p«

YESTERDAY'S TRANSACTIONS

DUNEDIN MARKETS. (SPECIAL TO THE PBESS.) ' DUNEDIN, January 21. Wheal—The milling wheat market is uncertain at present, as millers are satisfied (to mark time waiting to see the trend of prices. Quotations from tho wheat-growing districts are most irregular. In Canterbury it is reported that Tuscan is offering at 5s 6d on trucks for early February delivery. In tho North Canterbury district' thero is a good doal of wheat in stook, and it is expected that next week harvesting will be in full swing there. At Ashburton the quotation is 5s 9d to Cs Id for Tuscan, February delivery. In Timaru it is as high at 6s sd, and in the Taieri 6s. It will thua, be seen that tho market has not settled down yet. Tho warm weather experienced during the past week or so has hardened up the wheat, and the quality should bo very!good. Those millers who are urgently in need of old wheat have to pay more than the abovo prices. Some of them are, however, disinclined to do this, and. arc not milling. Others, again, are buying Australian flour to supply their customers' orders. It can thus be seen that both the milling and wheat markets are in a most difficult position. It is too early yet to give any clear information regarding tho returns of wheat from the new season's crops. It is quite ovident, with the large quantities of Australian flour coming to New Zealand, that the demand for milling wheat will not be nearly as great as has been the case in previous years, Fowl wheat is quoted at abbut 7s 6d ex store for best quality. Business in this cereal is quiet consequent on the ruling high price. Oatmeal has been reduced XI per ton. Supplies of chaff are equal to the demand, which is confined to best quality. Other lines are hard to quit. Oats—The oat market continues in a stagnant condition, and only a few transactions have taken place in the local markets since the holidays. Tho shipping demand for the North Island is practically nil, as some merchants in the North have still to clean up their holdings of Canadian oats. Oats are still held in Dunedin stores by northern merchants, as they can find no outlet for them. In the oat market, also, prices are very irregular, and it is difficult to name a basis for A Gartons. Offerings by farmers of A'b at 2s 9d on trucks'have met with no response. The current shipping quotation for A's is 3s Bd, f.0.b., s.i., and 3s for B's. These are also the prices quoted by merchants for spread delivery April to September. Chaff is quoted wholesale at £5 10s per ton for best quality, and potatoes £7 to £7 10s per ton.

METHVEN SALE. In spite o£ the fact that farmers are busy clearing up the shearing and that harvesting operations are commencing, the attendance at the fortnightly stock salo at jiethven on Thursday was n largo one. The offerings of fats were very small, slightly over 400 being penned, and this may be accounted for by v the fact that buyers have been busy operating privately to a very large extent. The quality of the lambs offered was very good, and buy* ors operated, freely at up to schedule rates. Only one pen was passed at auction out of the total, of which 364 were lambs, the balance being ewes. The best price obtained was for a pen of seven, which made 27s 3d. The pnnicpa! sales were:Fat Lambs—7 at 27s 3d, 14 at 26s Bd, 20 at 20s, 48 at 25 S 9d, 46 at 25s lOd, 13 at 25s 6d. 31 at 255, 54 at 24s 8d _ Fafc 11 at 18s 2d, 42 at 17s, 13 nt 17s, 10 at 18s 9d, 4 at 15s lOd. Four fat wethers at 24s 3d. Fat cows sold at from £5 to' £7 10s, one bull at £4 15s. Pigs—About 40 pigs were offered. The demand was keen, and sales were as follows: — VSeaners, 2 at 265, 5 at 255, 3 at 265, 6 at, 2/s 4 at 23s 6d, 2 at 21s, 4 at 23s 6d. o at -/s 6d, 1 at 235, 2 at 21r 6d. One baconer at £3 325, one at 50s. Four stores at 378. A WntUy 0 f implements and sundries sold at full market prices. money market. Tfc* c* i « LONDON, January 20. no btock Exchange commenced dealings new 4 par cent. Consols at about three-quarter, proraium.

Sales reporteu—Huddart-Parke: r, 47s 9d ; Western A .ust ralian Bank, 54s 6d; National Insurance, 74s (3 parcels) ; Ashburton Ga ■s, £o '< (3 parcel s); National Bank c »f N.Z., £1 2s (2 parcels); N.Z. Inwnnce (cum div. .) 37s Gd; Bv irm i, Philp, 40s ! 9d. Sales on 'Change—National Bank of N.Z., £7 ' 2s; Bank of N.Z., 59s 2d; Electro. Zinc 1 (prcf. cum div.), 37s 3d, 37s 5d (2 parcels). QUOTATIONS. Ye file) rday. Last Week. Yast Year. 1 Buyers Sellers. Buye: rs. Sellers. Buyers Sellers. N.Z. GOVT. DEBENTURES4i per cent. Inscribed, 193S •• ., • 96 7 6 96 12 6 — — _ _ 4$ per cent. Inscribed, 1939 % 5 0 — — — — 4J per cent. Bonds, 1936 9C 10 0 97 0 0 06 12 6 97 0 0 _ i\ per cent. Bonds, 1939 •• •• 96 10 0 — 96 12 6 — — — 5 per cent. Inscribed, 1929 98 5 0 99 0 0 OS 7 6 93 0 0 5 per cent. Bonds, 1927 99 5 0 — 99 2 6 100 0 0 — — 5J per cent. Inscribed, 1933 100 17 6 101 7 6 — — __ 5J per cent. Bonds, 1933 •■ . •• 101 2 6 101 Id 0 iOl u 0 : 109 5 0 99 12 6 5* per cent. Inscribed, 1936 100 15 0 — — — OTHER DEBENTURESRotorua Borough, 6 per cent., 1961 101 0 0 — — 101 0 i) — — New Plymouth Borough. 5 per cent., 1933 .. — 96 10 0 — — — — New Brighton Borough, 5J per cent., 1955 .. N Z. Breweries, Bonds 100 0 0 101 0 0 — 101 0 0 — — 1 4 5 1 -l 9 1 4 3 1 4 9 — — BANKSAdelaide ■ • 9 5 0 8 15 0 Aust. Bank of Coinm. ._ 1 13 6 1 13 0 1 13 9 1 12 0 — Australasia 14 2 6 14 3 6 14 0 0 14 2 6 — — Comm. of Aust. 1 13 0 1 13 6 1 13 4 1 13 5 — — E., S,, and A.. 8 7 0 8 9 6 8 8 0 8 11 0 — — National of Australasia (£10 paid) .. 18 7 6 18 11 6 18 7 6 18 15 0 — 17 15 0 National of Australasia (£5 paid) .. 9 5 0 9 9 0 9 5 6 9 10 0 8 ]£ 0 8 17 0 National of N.Z. 7 1 0 7 2 6 7 0 0 7 3 0 6 13 0 6 19 6 New South Wales 47 0 0 47 7 6 46 14 0 47 0 0 — — New Zealand .. 2 13 0 2 19 3 2 IS 10 3 19 0 2 16 3 2 16 6 New Zealand (mortgage shares) 0 11 9 0 12 1 — — — — Union of Aust. 15 9 0 15 11 0 15 5 6 15 7 6 — ' — Victoria (ord.) 10 0 0 10 10 0 — — — — Victoria (prcf.) 00 0 0 21 0 0 — 21 0 0 — — AVestern Australian .. 2 14 3 a" 14 6 — — 2 14 0 2 16 0 A.B.C. (rights) 0 3 10 — 0 3 8 — — -'- INSURANC'EMerc. Mutual I 6 3 1 7 6 1 6 3 17 3 — — Nation?! 3 14 0 3 14 3 3 13 10 3 14 1 3 18 6 4 0 0 New Zealand (cum div.) 1 17 5 1 17 7 1 7 6 17 8 1 18 0 1 18 6 Queensland South British 2 13 0 — 2 13 0 — — — 2 1G 6 2 16 9 2 16 6 2 16 9 — — Standard 2 17 3 2 18 0 2 17 0 2 18 3 — — LOAN AND AGENCY— Dalgety and Co. 15 6 0 15 10 0 15 0 0 15 14 0 15 15 0 16 0 0 Goldsbrough, Mort 2 10 0 2 10 9 2 9 3 2 9 4 2 7 4 2 7 9 National Mortgage 3 2 6 3 7 6 — — —' 3 17 0 SHIPPINGHoward, Smith 1 12 9 1 13 6 1 12 4 1 13 0 , — — Huddart-Parkor 2 7 3 2 7 9 — — 2 4 9 2 5 6 Huddart-Parker (pref.) 1 0 9 — — — 10 3 P. and 0. Deferred .. 242 0 0 230 0 0 240 0 o: 2443 0 0 — — FROZEN MEATCanterbury 7 12 6 8 10 0 7 12 6 9 o n 10 0 0 — N.Z. Refrig. (paid) .. 0 12 0 0 14 0 0 14 6 0 15 3 — — N.Z. Refrig. (cont.) .. 0 5 9 0 6 1 0 7 5 0 7 7 — WOOLLENSKaiapoi (7s paid) 0 3 1 0 4 3 0 3 0 0 4 3 — — GASAshburton 5 0 0 r> io 0 • 4 18 0 5 4 0 — — Christchurch 1 5 9 1 6 1 1 5 0 16 0 — BREWERIES1 I Manning Now Zealand 0 17 2 12 6 4 1 0 • 2 13 6 3 2 11 0 2 12 0 2 3 0 2 19 0 2 19" 9 Staples 1 18 0 1 19 6 1 18 7 2 0 0 1 18 3 2 0 6 Timaru Ward 0 13 2 3 6 3 0 15 2 9 6 0 2 2 0 — - 3 18 0' CEMENTS— Milburn Lime (rights) 0 4 6 — — — — AVilson's 1 14 10 1 15 2 1 14 6 1 16 0 1 15 6 1 16 3 TIMBER— Kauri 1 6 9 1 8 0 — 1 11 0 — 1.12 9 MISCELLANEOUS— Allied Motors — 1 5 6 — — — ~. British Tobacco 2 12 7 — 2 11 O — — Burns, Philp 2 0 3 2 1 0 2 0 0 2 10 Colonial Sugar 65 15 0 56 10 0 — — Dunlop Rubber 1 10 3 — 1 11 6 — Electro. Zino (ord.) .. 1 16 6 1 17 1 —. ' — Electro. Zinc (pref.) .. 1 17 3 1 17 6 — 16 0 Glenmore Brick 1 5 0 — Greater Crystal Palace0 15 0 — ~~ 2 3 2 9 3 0 18 6 Henry Jones Hume Pipe (Aust.) 2 9 0 1G 3 0 1 0 0 2 9 0 16 0 15 7 - Mason, Stru.tb.ere (£1 15 0 paid) 12 3 1 i 0 1 2 0 Mason, Struthera (10a paid) N.Z. Drug Co. N;Z. Guarnnteo Corpn. 0 10 3 10 0 10 e 0 0 0 11 3 12 0 10 2 0 5 0 10 3 10 0 9 8 6 4 0 11 2 0 10 5 3 G 6 0 8 9 3 8 0 0 9 8 Whitcombo and Tombs 3 10 0 — 3 10 0 ~~ MININGMt. Lyell , 1 8 0 1 8 6 1 7 3 - 15 6 1 6 0