COMMERCIAL

Southland Times, Issue 20082, 20 January 1927, Page 2

COMMERCIAL

INVERCARGILL STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. At yesterday’s meeting of the Invercargill Stock Exchange a sale of Milburn Lime and Cement Co., rights at 2/- was reported. * The following quotations were made:— Commercial Bank, b 33/-; s 33/9. E.S. and A. Bank, b £8 7/-. National Bank of New Zealand, b £7. Bank of New Zealand, b 58/9; s 59/3. Westport Coal, b 35/-; s 36/-. Westport Stockton (ord.), s 2/-. National Insurance, b 73/6; s 74/9. New Zealand Insurance, b 37/3; s 37/9. South British Insurance, b 56/-; s 57/-. Standard Insurance, s 58/9. Dalgety and Co., b £l5 5/-. Goldsbrough Mort, b 49/-. New Zealand Loan and Mercantile, s £95. Perpetual Trustees, Ltd., b 60/-. Trustees Executors, b 58/-. Wright, Stephenson and Co., s 23/-; (pref.), s 17/-. New Zealand Refrigerating Co. (20/-), b 14/9; s 15/-; (10/-), s 7/9. Southland Frozen Meat Co. (20/- ord.), b 33/-; (10/- paid), b 16/6; (£1 pref.), b 33/-. Kawarau Gold Mining, b 3/6; s 3/9. Waihi, s 18/3. Waihi, Grand Junction, b 1/3. Electrolytic Zinc (pref.), b 37/-; s 38/6; (ord.), b 36/3. Huddart-Parker Co., b 46/6; (6 per cent, cum. pref.), b 20/9. P. and O. S.N. Co., s £248. U.S.S. Co., b 20/-. Bruce Woollen Mills, s 18/-. Kaiapoi Wollen Mills (cont.), b 2/6. Mosgiel Woollen Mills, b £6. Dominion Rubber, b 48/-; s 53/-. McLeod Bros.’ Soap, b 25/-. New Zealand Express Co. (pref.), b 17/-. Wilson’s (N.Z.) Portland Cement, b 34/3; s 35/-. War Bonds (1930), b £97; s £9S. Inscribed Stock (1938), s £97. War Bonds (1938), b £96 15/-. Inscribed Stock (1939), s £97. War Bonds (1939), b £96 15/-. P.O. Bonds (1927), b £9B. Soldier Settlement Loan Bonds (1933), s £lOl 5/-. Soldier Settlement Loan Inscribed, s £lOl 5/-. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, January 19. Sales on ’Change: War Loan (1936), 5i per cent. £101; Bank of Australasia £l4 2/6; Bank of New South Wales £47; National Insurance 74/6; New Zealand Insurance 37/6; South British 56/9; Auckland Gas 23/10; Christchurch Gas 25/6; Colonial Sugar £55 15/-; New Waiotahi (cont.) 1/2; Kawarau 3/8; New Zealand Guarantee Corporation 10/1. Wellington, January 19. Sales reported: Bank of Australasia £l4 3/6; Bank of New Zealand £2 19/-; New Zealand Guarantee Corporation (ord) 10/2. Christchurch, January 19. Sales reported: National Insurance 74/-; Standard Insurance 57/6; Christchurch Gas 26/- (2 parcels) ; New Zealand Breweries 52/9; Wilson’s Cement 35/ 11, 35/-. Sales on ’Change: Bank of New Zealand 59/- (2 parcels); National Bank £7 3/-; Union Bank £l5 9/6; New Zealand Refrigerating (cont.) 6/3; Christchurch Gas 25/9; New Zealand Breweries 52/6 (2 parcels), bonds 24/6, 24/7. Dunedin, January 19. Sales on ’Change: Milburn Lime and Cement (rights) 2/9; 3/- premium. Sales reported: Bank of New Zealand 59/-; Union Bank £l5 6/3; Westport Coal 35/6; Auckland Amusements Park (pref.), 26/6; Electrolytic Zinc (ord.), 36/10; British Tobacco 52/6. BURNSIDE STOCK SALE. LAMB PRICES ADVANCE. Dunedin, January 19. At Burnside to-day, sheep (excepting light prime wethers) and pigs cheapened. Lighter prime fat cattle, store cattle suitable for graziers and lambs advanced. Sheep.—An entry of 2059. A good selection of practically all shorn sheep. The proportion of heavy wethers was large and many ewes of varied quality were in evidence. The sale opened with values on a par with last week’s, but the tendency was towards an easing market and a slow finish. The decline in heavy sheep and ewes ranged from 1/- to 2/-. Light prime wethers were unchanged. Prices: Extra heavy prime wethers 32/- to 34/-; prime 25/3 to 26/6; extra prime ewes 20/- to 24/-; medium 15/6 to 17/9; light 12/6 to 13/6; extra heavy wethers 4d per pound; light 4jd; prime ewes 4d.

Lambs.—A comparatively small penning of 453. The quality was from fair to good, and butchers wanted each lot offered, though exporters secured a few. Rates advanced by from 1/- to 2/-. Prices: Extra good lambs 28/6 to 29/6; prime heavy 26/- to 27/3; medium 23/- to 25/-; prime heavy lambs 8d; light BAd to 9d. Fat Cattle.—A yarding of 219 of from fair to good quality, inclusive of a fairly large supply of cows. The opening demand was from at last sale’s best rates. Lighter prime qualities were several shillings dearer. Prices: Prime heavy bullocks £l2 10/- to £l4 5/-; lighter £lO 15/- to £ll 5/-; heifers £5 15/- to £7 10/-; cows £6 10/- to £8 5/-; Prime ox beef 33/- to 35/per 1001 b, light 32/-; prime heifer 32/6; light heifer and cows 20/- to 25/-. Store Cattle.—A yarding of 222 made up of the usual mixed quality cows, and an odd pen of medium steers. The demand for all classes suitable for graziers showed some improvement. A pen of medium two-year-old bullocks made £5 5/- per head, and some yearlings realised £2 19/- each. Cows sold at from £3 to £6 5/-. Pigs.—A penning of 112 fats and 46 stores. The entry of fats was of average size and of the stores small. For the former, competition was dull and for the latter not nearly so keen as at last week’s sale. Fat pigs cheapened by about 5/- and stores by from 3/- to 5/-. ADDINGTON MARKET. FIRM SALE FOR LAMBS. BEEF PRICES DECLINE SHARPLY. Christchurch, January 19. To-day’s sale was a slow one for ail classes of meat, beef and mutton being lower in price. Store lambs sold briskly, and other classes of store sheep maintained values. Fat Lambs.—3,4oo were yarded, a fair proportion from the West Coast. A firm sale at B|d to 9d for 36’s and under, and 8d for 37’s to 42’s. The bulk of the lambs averaged from 25/- to 27/6.