CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXIII, Issue 19162, 19 November 1927, Page 12

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS. Sales •« 'Change—Union Bunk of AuM. (new, 53s paid), £6 lis 6d; Dalgety and Co. (new), £l3 le; National Mortgage. 7B» 9d; N.Z. Breweries, Ms, <Ss 9d; Bank of STew Zealand (cum div.), 506 ed. Sales reported—Commercial Bank of Aast., 39b Sd (two parcels); Union Bank (new, Sie paid), £8 Us 6d; Union Bank, £H to 6d; "S.Z. Breweries, ««; Bank of Australasia. £l4 16a.

OTHER EXCHANGES. (FREBS association teleobams.) . AUCKLAND, November 18. Sales—Auckland City, 1936, 6 per cent.. Debentures, 294 10s; Commercial Bank of Autsralia, 29s 2d, 29a Id; National Bank of New Zealand, £6 16a 6d; Bank of New Zealand, 595; National Mortgage and Agency, 72a 6d; Hikurangi Coal (pref.), 6s 9d; Waipa, Coal, lSa 10d; Auckland Gaß, 23a; Northern Steamship 14s 6d; Auckland Amusement "ark, 16s 6d; Hayward's Pictures, 17s 6d; Sanford (pref.), 20s 9d; Taranaki Oil, lis id; Alburnia, 2s; Lucky Shot (2s paid), is 6d, la 6d. WELLINGTON, November 18. Sales Beported—■ss per cent. Stock, 1933, £lOl ss; Wellington Gas (ord.), 37s 7Jdj Bank of New Zealand (two parcels), 695. DUNEDIN, November 18. Sales reported—Auckland Amusement Park (ord.), 16s 6d; New Zealand Paper Mills; 16s 6d; 51 per cent. Bonds (1936), £lOl 2s 6d. SKIN SALE,

DAIRY PRODUCE.

(Received November 18th, B.SO p.m.) LONDON, November 17. Butter is firm, and the demand is improving:. Choicest New Zealand salted is quoted at 176s to 178s a cwt, and exceptionally good lots 180s. Australian is quoted at 174s to 178s. TTnsalted sorts are at about a' 10s premium. Danish brings 210s to 2125. Some of the Port Caroline's New Zealand butter is tainted by bilge water, and some meat is similarly damaged. Cheese is steadier. New Zealand being quoted at 98s to 108s a cwt, and Australian 96s to 98s. The egg market Is firm at IBs 8d to 21s a gross. Dalgety and Company, Ltd., hava received the following advice from their London office, dated November 17th:— Butter—Market firm owing to small offerings. We quote: Danish, 206s to 208s; finest New Zealand, salted, 176s to 180s; finest Australian, unsalted nominally 182s to 184s, salted nominally 172s to 1765. Cheese—Market steadier. We quote: New Zealand, white and coloured, 98s to 100s; Canadlsn spot, white and ooloured, 98s to 102s; Canadian c.i.f., 94s to 98s.

H. Matson and Co. report that at the skin gale held on Thursday an offering of 7284 skins, 33 bags of wool, and five bales of wool were submitted to a small bench of buyers. Prices for dry skins of the poorer classes showed a slight decline, but the tops realised prices on a psr with late rates. Green skins again were easier. The range of values was:—Half breds, long woolled 13d to 143 d, half woolled 113 d to 12d; crossbreds, full woolled 10id to 12id, half woolled BJd to lOJd; three-quarterbreds, full woolled 12Jd to 13Jd, half woolled lOd to Hid; merinos, lOd to 13Jd; hoggets, lljd to ISJd; lambs, IOJd to Hid; dry pelts, 6d to 2s Id; green pelts, 8s to 3g lid; lambs, 8d; best half breds, 14s 6d to 16s 6d; others, 8s 6d to 12s 6d; threequarterbreds, 10s to 13s 8d; crossbreds, 7s to Hs 6d; damaged and inferior skins, 3s 3d to 8s 2d; bag wool, dead 10Jd to 17id, locks (merino) 10id to Hid, black 9sd. crutchlngs 83d to 9Jd; fleece wool, halfbred 17id to 21d, crossbred 12d to 13d, threecjuarterbred 14d to 15jd.

WHEAT. (Received November 18th, 8.30 p.m.) LONDON, November 17. Wheat—Cargoes are firm at late rates, except La Platas, whioh advaneed 3d. Parcels are in good demand, La Platas and Australian showing an advance of 3d to 6d at 52s 4ld and 62s 7Jd. Liverpool futures' quotations are:—December, 10g 5d a cental; March, 10s 4gd; May, 10s Bgd. ' The spot trade is quiet, .

DUNEDIN MARKETS. [THB PBBBS Special Berries.] DUNEDIN, November 18. 'There is not much interest being shown in the milling wheat market, and, as a matter of fact, there are practically no offerings. With the decreased demand for flour being experienced by millers they have not the same incentive to come on the market for wheat, and they apparently have sufficient stocks to see them through to the next harvest. Any small lots that may reach the market are being placed with poultry-keepers, and they are paying 6s 6d per bushel, sacks extra, ex truck Dunedln. The nominal quotation for Tuscan milling wheat is 6s on trucks, sacks extra, country sidings, with a relatively higher price for Hunters. The oat market continues in a lifeless condition. Stocks are light, but there is no demand for the Jines on offer. The current quotation is 3s 6d, f.0.b., s.i,, for A's, and 3s 2d for B's. The quotation to farmers for any small lots is 2s 6d, sacks extra, country sidings, for A's, and 2s 3d for B's. Interest is being shown in forward sales for delivery next season, A Gartons being quoted at 3s sd, f.0.b., s.i. Prospective buyers, however, are not prepared to pay this price. It is noticeable this season that there is not the same keenness to make forward sales, and this may be brought about by the present position in Australia. The latest reports from Victoria state that the dry weather has affected the oat cropß there. Some heavy forward sales have been .recorded in Melbourne, one line of 80,000 bushels, MarchApril delivery, having changed hands three times, on each occasion at an advance in price. It will not be long now before oats will be harvested in Australia. A line of new season's oats has, indeed, already come on the Sydney market. The position in New Zealand will depend on how the Australian oat crops thresh out. There is a possibility that oats will again be wanted from New Zealand.

FEILDING STOCK SALE. (PBSSS ASSOCIATION TBLBGBAM.) FEILDING, November 18. At the Feilding stock sale to-day a medium yarding of all classes of sheep and cattle met with a good demand, and a total clearance was made. Prices were on a par with late rates. Fat ewes, shorn, made 17s 6d to 20s 2d, shorn maiden fat ewes 23s 9d to 275, woolly fat ewes 31s 6d to 345, shorn fat wethers 24s to 30s, woolly fat wethers 31s 6d, shorn fat hoggets 20s 6d, woolly 30s to 32b, woolly wether hoggets 30s Bd, twotooth wethers shorn 22s 4d to 25s Id, Down hoggets 23s lid to 28s Id, ewe hoggets woolly 36s lOd to 87s 3d, Down two-tooth ewes and lambs (poor) 35a. Cattle —Fat cows £5 Is to £5 17s 6d, fat heifers (light) £3 17s 6d to £4 6s, fat bullocks £7 12s 6d, vealers 30s, Polled Angus steers £3 10s, heifers £4 Is, yearling Shorthorn heifers £2 10s, forward cows £2 17s 6d to £4 3s 6d, springing Jersey heifers £4 15s to £l2, springing cows £4 to £9 12s 6d, Shorthorn cows in milk £3 10s to £4 ss, Jersey cows in milk up to £B.

FROZEN MEAT. Dalgety and Company, Ltd., have received the following advice from their London office, dated November 17th:— Frozen Lamb—Market firm owing to light stocks. ' Demand runs principally on finest qualities. Quotations: 28-361b, Canterbury 9Jd, North Island 9Jd; 36-421b, Canterbury 9jd, North Island 9ld; second quality, Canterbury 9Jd, North Island B|d; 42-501b, Canterbury 9id, North Island 9d. For Australian the market is quiet and demand limited. We quote: Australian lamb, f.a.q., BJd. Frozen Mutton—Market firmer. Demand better owing to cold weather. Quotations: 48-561b, Canterbury 6Jd, North Island 6d; 56-641b, Canterbury 6d, North Island sid; 64-721b, Canterbury 51d, North Island 5Jd; ewes, 48-641b, Canterbury 4Jd, North Island 4sd.

Consignments of chaff continue on the light side, but they are quite sufficient to meet the local demand. The current quotation is £5 to £5 5s per ton, sacks extra, ex truck. The shipping market is quiet. Reports from the North Island state that there is very little chaff being consumed there this season. Most of the supplies have been drawn from Blenheim and Canterbury. Old potatoes, which are scarce, are valuable. Usually at this time of the year old potatoes are not in much demand, as the new crop is available. The old potato market continues firm at £9 to £lO per ton, ex track, sacks in. Apart from the usual retail trade there is not much business passing. In seeds, the overseas markets are quiet, and there is praetieotly no demand from any outside quarter for expert lines, raeh as whHo efover, xyegrotf, dofttail, «U.,

Frozen Beef—Quotations: Argentine ehilled hinds SJd, fores Sid. Pork—Quotations: English pork, 8d to 9d; New Zealand porkers, 80 to 1001b Bd. 100 to 1201b, 7|d; bscontrs, no stock*.

QUOTATIONS. Yeste rdaj Last Year. Buyers. Sellers. Buyers. Sellers. £ s. d. £ *. d. £ s. d. £ s. d. N.Z. GOVT. DEBENTURES- _ * 4J per cent, and Bonds, 1938 96 5 0 — — — 5J per cent. Inscribed, 182 -41 96 17 6 99 5 0 96 15 0 — 54 per cent. Inscribed, 1933 101 0 0 101 7 6 100 12 6 — 54 per cent. Bonds, 1933 101 2 6 101 10 0 100 15 0 — 54 per cent. Inscribed, 1936 101 2 6 101 10 0 — — 5J per cent. Bonds, 1936 101 5 0 — — — 5 per cent, Stock, 1930 — 99 5 0 — — COMPANY DEBENTURES— X.Z. Breweries, Bonds 1 3 6 1 3 9 ' 1 5 1 1 5 9 BANKS— Adelaide • • — 8 12 0 S 16 6 — — Aust. of Commerce ~ 1 12 8 1 12 10 — — Australasia. .. 11 12 6 14 13 0 — 14 4 6 Coinm. of Aust. 1 9 .0 1 9 2 — — Comm. of Aust. (pref.) .. . — 7 1 0 — — Comm, of Sydney 24 6 0 24 15 0 — — National of Australasia (£10 paid cum div.) 17 10 0 17 11 6 18 10 0 — National of Australasia(£5 paid cum div.) 8 13 3 8 14 0 9 4 0 9 7 6 National of N.Z. 6 15 6 6 17 0 7 16 7 8 6 Xow South Wales 44 15 0 46 0 0 44 10 0 U 17 6 New Zealand (cwn div.) 2 19 3 3 0 0 — — New Zealand (Mortgage Shares, £1 paid cum div.) .. Union of Aust, 1 6 14 8 7 6 14 6 6 15 3 0 16 6 0 Union of Aust. (new, 55s paid).. 6 10 0 5 11 6 — — INSURANCE— National (cum' div.) „ — J 19 2 — 4 0 0 New Zealand „ 1 19 1 — 1 18 9 1 19 3 South British •• .. 2 16 6 — 2 16 6 2 17 3 Standard »• 3 0 6 8 2 e — LOAN AND AGENCYDalgety and Co. (cum div.) ,., — 16 16 0 — — Dalgety and Co. (new) .. «. 18 0 0 18 1 0 — Goldsbrough, Mort .- 3 7 0 2 7 8 2 9 6 2 10 0 Goldsbrough, Mort (new) 2 6 1 3 6 5 — — National Mortgage _ 3 12 0 3 13 6 N.Z. and River Plate .. 1 7 6 13 6 ~ SHIPPING-Huddart-Parker •>.- .. 2 8 0 ■ — — — Huddart-Parker (pref.) «. * 1 0 6 — " Union (pref.) •• •« 1 0 0 1 0 5 ~~ FROZEN MEATCanterbury 8 0 0 8 5 0 — — Canterbury (pref.) — 5 1 6 Gear N.Z. Refrig. (£1 paid) 0 16 4 2 0 0 16 6 7 0 14 2 0 15 0 0 N.Z. Refrig. (contr.) .. 0 8 0 0 8 3 0 6 9 0 7 WOOLLENSKaiapoi (17s paid) *, Kaiapoi (prof.) ,, 0 8 0 12 2 9 0 8 0 13 4 6 0 10 3 0 15 0 0 11 0 16 3 3 COAL— Taupiri .. ~ .. 1 e 0 — — " GAS- . Christchurch 1 3 9 — 14 2 1 4 5 Christchurch (new, 5s paid) 0 6 4 0 « 6 BREWERIESNew Zealand *. .. 2 3 0 2 4 0 2 11 9 2 12 6 Staples .. »» „ 1 17 6 1 18 0 1 17 0 1 18 u White Star .. 0 17 0 1 0 0 — CEMENTS— Wilson's (cum div.) . M , 1.. 116 9 — 114 9 1 15 3 TIMBER— Kauri (cum div.) >. : >. 1 1 6 1 S 0 — MISCELLANEOUS— Auckland Amusement Park .„ 0 16 4 0 16 6 — Aust. GIbsb (cum div.) .. •. 2 1 0 — — Beath and, Co. 1 12 4 1 18 0 — British Tobacco _ — 2 16 0 — Burns, Philp 1 16 6 1 17 6 ■ — Canterbury Farmers' Co-op. (pref. re div. only) .. — 3 4 0 — Colonial Sugar 53 17 6 — —' Electro. Zino (ord.) — 1 11 3 1 16 8. 1 17 0 2 Electro. Zinc (pref.) Henry Jones Co-op. (cum div.)' 1 11 11 1 16 0 1 12 1 17 2 2 1 17 0 1 17 Holden's Motors — 1 13 0 — Mason, Struthers (14e paid) — 0 14 3 — Mason, Stroffiers (lOs paid) 0 9 7 0 9 10 — N.Z. Farmers' Co-op. (1st pref.) 3 2 6 4 0 0 — N.Z. Farmers' Co-op. (pref. re div. only) — 1 17 0 — ~~ N.Z. Farmers' Co-op. (64 per 0 cent. Stook, 1930) .. 76 10 0 — 76 0 0 84 0 N.Z. Farmers' Co-op. (6J per cant. Stook, 1935) 74 0 0 — — — N.Z. Guarantee Corpn. .. 0 8 8 0 8 10 0 10 5 0 10 7 N.Z. Paper Mills (cum div.) 0 16 6 0 17 0 — Whitcombe and Tombs .. „ 3 7 6 — 8 8 0 t— Sanford, Ltd. •• ..i ... 0 19 6 1 0 8 — — MININGMt. Lyell (oum div.) *- 1 8 a 1 8 8 18 1 1 8 4