COMMERCIAL

Southland Times, Issue 20080, 18 January 1927, Page 2

COMMERCIAL

INVERCARGILL STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. At a meeting of the Stock Exchange yesterday a sale of Huddart-Parker Stock at 47/9 was reported. The following quotations were made:— Bank of Australasia, s £l4 5/-. Commercial Bank, b 32/9; s 33/6. National Bank of New Zealand, b £7. Bank of New South Wales, b £46 10/-. Bank of New Zealand, b 58/9 ; s 59/3. Union Bank of Australia, b £l5 5/6; s £l5 7/6. Coal and Oil Co., s 1/-. Westport Coal, b 35/-; s 36/-. Westport-Stockton (ord.), s 2/-; (8 per cent, non-cum pref.), s 3/-. National Insurance, b 73/9; s 79/6. New Zealand Insurance, b 37/3; s 37/6. South British Insurance, b 56/-; s 57/-. Standard Insurance, s 58/-. Dalgety and Co., b £l5 5/-. Goldsbrough Mort, b 49/-; s 49/9. National Mortgage Co., s 71/-. New Zealand Loan and Mercantile Co., b £93; s £95 10/-. Wright, Stephenson (ord.), b 20/-; s 23/-; (pref.), s 17/-. New Zealand Refrigerating (20/-), b 14/9; (10/- paid), b 7/5; s 7/6. Kawarau, b 3/6; s 3/7. Waihi, s 18/6. Waihi Grand Junction, b 1/4. Electrolvtic Zinc (pref.), b 37/4; (ord.) b 36/3. Huddart-Parker (6 per cent. cum. pref.), b 20/9; s 21/3. P. apd O. S. N., s £247. U.S.S. Co., b 20/-. Bruce Woollen Mills, s 18/-. Kaiapoi Woollen Mills (pref.), b 14/-; (cont.), b 2/6. Mosgiel Woollen Mills, b £6. D.I.C. (ord.), b 8/6 premium; (pref.), b 20/6. Dominion Rubber Co., b 47/-; s 50/-. Donaghy’s Rope and Twine, b 33/6. Milburn Lime and Cement (rights), b 1/9; s 2/2. New Zealand Express Co. (ord.), b 21/-; (pref.), b 17/-. New Zealand Hardware (ord.), b 4/6. New Zealand Paper Mills, s 19/-. Wilson’s Portland Cement, b 34/-; s 35/-. War Bonds (1930), b £97. Inscribed Stock (1938), s £97. War Bonds (1938), b £96 17/6; s £97. Inscribed Stock (1939), s £97. Soldier Settlement Loan Bonds, s £lOl 5/-. Soldier Settlement Loan Inscribed, s £lOl 5/THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. Auckland, January 17. Sales on ’Change: Inscribed Stock (192741), 5$ per cent £99 10/-; Soldiers’ Inscribed (1933), 54 per cent. £101; Bank of Australasia £l4 2/6; New Zealand Insurance 37/6; Auckland Gas 23/10; Northern Steam 13/3; (cont.) 6/4; New Zealand Breweries 52/-; Kawarau 3/8; Ohinemuri 6/-. Dunedin, January 17. Sales on ’Change: Auckland Amusement Park (cont.), 6/3 premium; New Zealand Insurance 37/6 (two). Sales reported: Milbum Lime and Cement (rights), 2/-, 2/1. LONDON MARKETS. The New Zealand Meat Producers’ Board has received the following cable from its London Office dated January 14, 1927, advising Smithfield delivered prices at that date as follows: (Prices for the previous week are also shown). (Per lb.) 14/1/27. 7/1/27.

d. d. N.Z. Wethers and Maidens; Canterbury quality; selected brands—r 561 b and under 6£ 6$ 571 b to 641 b 64 64 651 b to 721 b 6$ 6$ N.Z. Ewes—--641b and under 4§ 4| N.Z. Lambs; Canterbury quality; (old season) 361 b and under 10$ 10$ 371 b to 421 b 84 8$ 431 b to 501 b 74 74 Seconds 74 8 N.Z. BeefOx fores 3$ 34 Ox hinds 4 4 Argentine Chilled Beef— Ox fores 3} 35 Ox hinds 4£ 54 Argentine Frozen Beef— Ox fores 3$ 34 Ox hinds 4$ 4A Frozen Pork—801b to 1201 b 9 9 1201 b to 1801 b 8 8 Wethers: Tendency of market is easier. Frozen Pork: Nominal prices. The Department of Agriculture has received the following cablegram, dated January 8, from the High Commissioner for New Zealand, London: — Butter.—Market quiet. Official quota- ■ tions are:— New Zealand.—Finest salted (new season’s), January 8 and December 31: 172/ito 174/- per cwt (1/6 J per lb); unsalted, January 8: 180/- to 182/- per cwt (1/71 to 1/7J per lb). Other qualities, January 8: 162/- to 166/- per cwt (1/51 to 1/51 per lb); finest salted (stored), January 8 and December 31: 166/- to 168/- per cwt (1/51 to 1/6 per lb). Other qualities, January 8: 160/- to 162/- per cwt (1/5 to 1/51 per lb). New Zealand Control Board minimum prices are:—Finest salted 174/- per cwt (1/64 per lb); first grade 172/- per cwt (1/61 per lb).

Australian.—Salted, January 8: 166/- to 170/- per cwt (1/5$ to 1/6$ per lb) ;and up to 172/- per cwt (1/6$ per lb) ; December 31: 166/- to 172/- per cwt (1/5J to 1/6J per lb) ; unsalted, January 8 and December 31: 172/- to 176/- per cwt (1/64 to 1/6$ per lb); other qualities, January 8: 146/to 166/- per cwt (1/34 to 1/5$ per lb). Argentine.—Unsalted, January 8 and December 31: 158/- to 162/- per cwt (1/4$ to 1/5$ per lb); January 8. exceptional 164/- per cwt (1/54 per lb) ; other qualities, January 8: 144/- to 156/- per cwt (1/3$ to 1/44 per lb). Danish.—January 8: 180/- to 182/- per cwt (1/7$ to 1/7$ per lb) ; December 31: 184/- to 186/- per cwt (1/7$ per lb). Cheese.—Market steady. Official quotations are:—

English, Finest Farmers’.—January 8 and December 31: 108/- to 112/- per cwt (114 d to 1/- per lb). Canadian.—January 8 and December 31: Finest coloured and white 94/- to 98/- per cwt (lOd to 10$d per lb) New Zealand.—January 8: Coloured 94/to 95/- per cwt (lOd per lb)-, white 93/tq 94/- per cwt (9sd to 10d per lb) ; December 31: mixed, 93/- to 95/- per cwt (9sd to lOd per lb).

New Zealand Control Board minimum prices are:—

Coloured, finest 95/- per cwt (lOd per lb); first grade 94/- per cwt (lOd per lb). White, finest 94/- per cwt (lOd per lb) ; first grade 93/- per cwt (9sd per lb).

Australian.—January 8: Coloured and white, 92/- to 93/- per cwt (9sd per lb) ; December 31: 93/- to 94/- per cwt (9sd to lOd per lb). Estimated stocks of cheese on January 1 at London, Liverpool and Bristol:—Canadian and American 133,600 boxes; New Zealand and Australian 38,350 crates against 139,400 boxes and 30,400 crates at same time last year.

Shipment of New Zealand produce arrived this week per Hororata. Tallow.—Market steadier during the last fortnight and a fair business has been done. Official quotations are:— Mutton: Fine 39/- per cwt; fair to good 36/6 to 38/- per cwt; dark to dull 35/to 35/6 per cwt. Beef.—Sweet and/or mixed 37/- to 40/per cwt; fair to good 35/6 to 37/- per cwt; dark to dull 34/- to 35/- per cwt. Mixed.—Fair to good 35/- to 36/6 per cwt; dark to dull 34/- to 34/6 per cwt. Gut, etc.—32/- to 34/- per cwt. Hemp.—Manila market easier this week, but closes with a firmer tone. “J” grade January-March shipment quoted £46 10/-. Output last year 1,254,259 bales against 1,241,078 in the previous year. Stocks in Great Britain on January 1 3000 bales, against 25,000; stocks in Manila 115,000 bales against 153,000 for same time last year. Sisal market dull. No. 1 Tanganyika offered £4l 5/-. New Zealand market easier with sellers of Highpoints at £37 for any position. Fair January-March shipments £36. Buyers afloat for Fair £36 5/- to £36 10/-. Tow afloat in demand on the basis of £26 for No. 2 quality. Wool.—Bradford market quiet, but quotations for tops well maintained on last basis.

Eggs.—Prices have declined, but small business has been done. Present quotations are:—

English, Dutch, and Danish 20/- to 24/per long 100.

Belgian 17/- to 18/- per long 100. Australian 16/- to 17/- per long 100. South African 16/- to 17/- per long 100. Polish and Egyptian 9/- to 12/6 per long 100.

Oats.—Little more inquiry for best English. Fine bold white selling at 27/- to 28/-. Market quiet but steady for imported. Plate afloat sold at 21/3 and Janu-ary-February shipments offered at 20/-. Chilean offered 22/6. Nominal value of New Zealand “A” grade Gartons JanuaryFebruary shipments 28/-.

Peas. —Maple market quiet. Spot prices small and value maintained. New Zealand February-March shipments offered 83/6 and March-April shipments 82/-. Tasmanian January-February shipments offered 91/-. Good inquiry for Blues on account of shortage of English and Dutch marrowfats. Tasmanian and New Zealand quoted £lB to £22 per ton, ex store. Beans.—English in good request, best winter offered up to 48/-. Spring quoted at 52/-. Chinese horse beans afloat offered £lO 8/9 per ton.