COMMERCE AND MINING

New Zealand Times, Volume XLVI, Issue 10613, 11 June 1920, Page 10

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE. YESTERDAY'S QUOTATIONS.

;; P. AND O. SHAKES. Australian am! N.Z 1 H-'- '-■='>'■ : -itibn (Received June 10, 7.35 p.m.) • LONDON, Juno 9. P. and .O. (deferred] stock, buyers £445, tellers. £466. . ' LONDON WOOL SALES. and N.Z. Cable Association- - (Kecoired June 10. 7.33 p.m.)" LONDON, Juno 9. At tbo wool sales prices were unchanged; There hare been heavy -withdrawals of crossbred clothing sorts. Offerings for the next two series wore reduced la 90,000 hales at each. The Bank of New Zealand has received the following advice from its London office under date Bth inst.: —Practically all New Zealand crossbreds withdrawn owing (to reserve being above market value, consequently offerings are reduced. NO BIDS AT TALLOIf SALKS. Australian"'and N.Z. Cable Association. (Received Juno 10. 7.35 p.m.) - LONDON, Juno 9. ; At the tallow, auctions 1608 casks.were offered. No bid* were received.. LONDON TALLOW MARKET. , ;Tha Bank of New Zealand has received advice from its London office under date Bth inst., that the market for tallow is at a standstill owing to the absence of daaund. * ■' LEAD POSITION. Australian and N.Z. Cable Association. LONDON. June 9. Lead imports are 14,563 tons, including Australian 6265 tons; exports 3317 tone. THE SALES. A southern dealer has received a cable eta-ting ■ that grey fox, civet cat, wolf are about 25 par cent, and ringtail cat about 90 per cent, lower than, at February 'auction sales. The value of this present sale is roughly Ji&OOO.OOO. Messrs Funsten wrote: —“The Federal -Reserve Bank in this country expect to see a lowering in values in all commodities. and on that account ere reluctant to extend credit to their member banka as freely as they have, done in the past. ■ This has brought, abguc a tightened condition in. the money market. Labour, on the other hand, is commanding unusually high wages, and ll vary much, -employed. With labour jommanding such high wages, there is Mery probability they will continue -to spend -their earning on luxuries, which will have the' effect' of maintaining priods of these articles. J " '■ ‘ ■ At the South Island conference if was ■carried : “That the‘lmperial Government having removed the control from English, and Irish butter, the Prime Minister,be .respectfully asked toi'malte representations to the Imperial Government asking that the same treatment Ixe accorded the New Zealand dairy pro; tluce.” - WHOLESALE PRODUCE PRICES. • Loerv and Co., Ltd., Allen street, report wholesale prices as follow Feed barley. 2a 3d bushel, jacks in; oats. A grade Gartens, 6s 9d per bushel, B grade Gartens 6s 8d per btishel; chaff, oaten sheaf, good bright, .£l3 12s. 6d ton, sacks in,- .£l2 12s 6d sacks returned free on trucks or f.o.b. Wellington: farro food. £ll 15s per ton; flour, in tacks,- £l9 5s per. ton; oatmeal, 85's,-£36 to £39 per .ton; hay clover, £lO 10s.per,.ton; lucerne, £ll 10s per [on: ; potatoes, table (Canterbury); white £8 10S. Bed Dakotas £8 15s per ton, sacks included; onions, Canterbury, choice 13» per cwt;-'fowls, hens 6« 6d to 9s pair, choice young roosters 7s to 11s pair; ducks. Runners, 9s to' 10s 8d pair, white ducks IDs 6d to 13s pair; geese, las pair; turkeys* Is 6d to is 7d per lb/ dead weight | abutter, fanners' separator, milled' of dairy, in bulk dr lb pats la 3d to is 51d lb; eggs, fresh crates Is 8d to 8s 9d doz., preserved 2s 8d to 2s 9d per doz; dressed pork, choice 70‘s to 90’s lOd, 100’s to 110’s, 9d to 9id, choppers 6d -to- 7d , per lb; cheese, factory medium, case lots, 11 jd; loaf cheese. Is Id lb; oyster shell grit, £7 15s; mangolds, 42s 6d per ton. . ' WELLINGTON CUSTOMS. The Customs revenue received at Wellington yesterday totalled £7514 10s lid.

Buyer*. Seller.: J8 B. d. 8 B. ClMining— 0 13 Grand Junction 0 War Loans— X.Z. Inscribed Stock — K.Z. inscribed Stock (1938) S .•> 0 War Bonds (1938) 9S 0 0 — Wcr Bonds (1939) 96 v» — 5 p.c.. P.O. Bonds (1929) 98 O Q 5 p.c. P.O. Bonds (192V) 98 6 0 — 5 p.c. P.O, Stock 0 5 lie. 7 P.O. Stock , (1927) ' 93 * 6 Investments — C 15 — 9 Bkr of N.Z; (old) 25 6 25 10 Bk. 'of N.Z. (new) ... 25 0 Id 0 Union Bank .13 o Q Lmiiuvbie Building ... y 10 Abraham and Williams 5 U 0 0 National Mortgage ... 6 4 6 — .6 Goldsbrongh. ilort. ... —, 2 10 Tanners’ Auction 3 is. 6 .Tanners’ Aho. (pref.) N.Z. and Kiver Plate I 0 1 3 9 U Wn. Invest. T. and A.* 0 10 8 0 11 0, Wn. Trust Loan, Ltd. 6 8 0 — Whi Gaa (.£10) 10 8 0 •• —: Wn. Gas (prof.) 0 16 6 —. &th. Bris. Insurance £> 14 0 9 19 0 Standard Insurance... — 3 2 6 N.Z. Refrigerating (All) — 2 9 0 N.Z. Befrigerating (10s) — .1 6 6 Wn. Meat ■ (.85) — 6 18 Wn. Meat (.83 13s 6d) , •4 14 0 Union Steam (pref.)... 1 0 10 — HuddarLPairker (ord.)2 12 G — 0 Heron pore . Terries — — V. 8 Westport-Stockton (pref.) _ 011 0 0 17 « Wilson's Cement — 0 16 0 Wi’.C.A. (pref.) 1 Wellington Cordage ... 1 0 1 0 6 Gates, Ltd — 1 2 6 * 6 Crown Brewery . — ., 1.18.