COMMERCIAL

Southland Times, Issue 21095, 29 May 1930, Page 2

COMMERCIAL

STOCK EXCHANGE. YESTERDAYS QUOTATIONS. At yesterday’s meeting of the Invercargill Stock Exchange the following prices were quoted:— , Bank of Australasia: b £l2 3/-. Commercial Bank of Australia: b 21/-. E.S. and A. Bank: b £6 9/-. National Bank of New Zealand: b £6 4/-. Bank of New South Wales: s £4O. Bank of New Zealand: b 58/6, s 59/-. New Zealand Breweries! 1 (shares): b 52/-, s 53/-. Westport Coal: b 31/6. National Insurance: b 14/3, s 14/8. Dalgety and Co.: b £ll 3/-. Goldsbrough, Mort, and Co.: s 32/9. ■ Wright, Stephenson and Co. (ord.): b 20/-. ■ ’ . ~ . New Zealand Refrigerating (10/- paid): b 4/5, s 5/-. Southland Frozen Meat (£1 ord.): b 35/-, (10/- ord.), b 17/6 (£1 pref.), b 35/-. Mount b 29/-, s 29/9. Winding Creek Gold Mining: s 9d. Stoney Creek: s 9d. Huddart-Parker (ord.): b 38/-, s 39/-. Kaiapoi Woollen Mills (cont.): b 3/9, s 4/3; (ord.) s 11/9. Christchurch Gas Co.: b 26/-. Colonial Sugar Co.: b £4O. , Milbum Lime and Cement: s 33/-. New Zealand Drug: s 64/6. New Zealand Farmers’ Fertilizers: b 18/6.

New Zealand Guarantee Corporation: b 7/9.

Inscribed Stock, 1938, 41 per cent, (free of income tax): b £9B 10/-. War Bonds, 1938, 4J per cent, (free of income tax): b £9B 10/-. Inscribed Stock, 1939, 44 per cent, (free of income tax): b £9B 10/-. War Bonis, 1938, 41 per cent, (free of income tax): b £9B 10/-. Sales Reported. Inscribed Stock, 1938, '44 per cent, (free of income tax): £9B 7/6. Commercial Bank of Australia: 21/-, 21/6. Bank of New Zealand: 58/9. " THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, May 28. Sales on ’Change: Inscribed Stock (1932) 5-} per cent. £9B 15/-; City of Auckland (1936) 5) per cent. £97; Mount Albert Borough, 1959, 6 per cent. £103; Bank of New South Wales (Melb. reg. cum. div.) late sale Tuesday, £39 8/6; South British Insurance 59/6; Westport Coal (late sale Tuesday) 31/6; Auckland Gas 24/6 (2); Devonport Steam (late sale Tuesday) 22/-; British Tobacco $O/-; Wilson’s Cement 45/9; Mount Lyell 29/3, 29/6; Union Bank £ll 12/6. Wellington, May 28. Sales reported: New Zealand Government 44 per cent. Stock (1938) £9B 15/-; New Zealand Government 44 per cent. Stock (1930), £99 15/-; Commercial Bank of Australia ord. £1 1/9; Bank of New Zealand £2 18/6; National Bank of New Zealand £6 6/-; New Zealand Guarantee Corporation ord. 7/10; New Zealand Refrigerating (£1) 10/9; New Zealand Breweries £2 12/-; Carlton Brewery £1 14/-; Colonial Sugar Co. £4l 7/6; Tooth’s Brewery £1 15/- and £1 15/1}; British Tobacco Co (Aust.) ord. £2 (2) on ’change and (2) reported. Christchurch, May 28. Sales on ’Change: Commercial Bank of Australia 21/7 (2), 21/7 (2); Bank of New Zealand (cum. div.) 58/9, 58/10; Union Bank of Australia £llll/-; United Building Society 14/5 (2); New Zealand Refrigerating (10/- paid), 4/9; Christchurch Gas 26/3 (3) ; New Zealand Breweries 52/(3); Tooth’s Brewery 34/7, 35/-; Amalgamated Wireless (cont.) 20/7; Mt. Lyell (cum. div.) 29/6 (2). Sales reported: Commercial Bank of Australia 21/3; Bank of New Zealand (cum. div.) 58/9; New Zealand Guarantee Corporation 7/10; New Zealand Refrigerating (10/- paid) 4/10, 4/9; Colonial Sugar £4l; Union Bank £ll 12/6 (5); Bank of New Zealand 58/9. Dunedin, May 28. Sales reported: Colonial Sugar £4O 17/6, Okarito 2/6, prem. (two) 2/9, Commercial Bank 21/6, Bank of New Zealand 58/9. BURNSIDE STOCK SALE. A DOUBLE MARKET. FIRM RATES PREVAIL. Dunedin, May 28. A double sale of fit stock was held at Burnside to-day and yardings were heavy in consequence. With the exception of store cattle, all classes sold at firm rates. The outstanding feature of the sale was the keenness shown in the sheep section. All classes were eagerly sought and heavy wethers’sold at an advance of 1/- and heavy ewes at 2/- per head. Some good quality animals were included in the entry of 879 fat cattle. The offering in fact included some extra good and heavy prime show cattle. Prime heavy bullocks sold to £2l 7/6, medium £lB, light £l4 10/-, prime heavy heifers £l2 5/-, medium £ll, light £9 15/-, prime heavy cows £l3, medium £ll, light £lO. The prices realized for prime ox beef were equivalent to about 43/- per lOOlbe. The sheep entry totalled 3,350 head. It was a good offering of. all qualities, including a few extra prime show sheep and a number of indifferent pennings. The keen demand shown at the opening sales was maintained to the close. Extra prime show wethers sold to 47/-, heavy prime 39/-, prime 27/-, medium 25/-, prime show ewes 36/-, prime 25/6, medium 21/-. Prime’ mutton sold at prices equivalent to 44d and 4-Jd lb. Between 1,500 and 2000 lambs were offered. The entry was of fair to good quality with several pens of extra heavy animals suitable for show purposes and a number of plain sorts. There was a brisk demand and although prices showed an advance in opening sales, closing* values were about on a par with those obtained at the previous sale. Extra heavy lambs sold to 28/6, prime 23/9,- medium 20/9, unfinished sorts to 17/-. Prime lambs sold on a basis of about 7d per lb. About 150 head of store cattle were offered. The entry included a small number of mixed -.bullocks, cows, two and two and a-half-year-old steers. There was little life in the sale) but cows showing condition sold at an advance of about 7/6 per head. Young steers sold to £4 17/6, two and a-half-year-olds 5.7 5/-, conditioned cows £9 17/6. The pig entry consisted of 127. fats and 80 stores. There was a firm market for fats and late rates were maintained, but the demand for stores was not very brisk. Prime baconers sold at prices equivalent to about 84d, prime porkers to about Bsd. ADDINGTON STOCK SALE. dl BRISK COMPETITION. Christchurch, May 28. Competition at the Addington market today was brisker in most departments of stock, due to the improved feed conditions as a result of the recent rains. I Store Sheep.—A free sale for good class ewes with ewe lambs up to a shilling better. Export buyers practically disappeared from the market for third grade lamb, and ..this class was down by a shilling. Good ewe lambs 16/- to 16/9, ordinary ewe lambs to 15/-, good wether lambs to 14/6, ordinary wether lambs 9/- to 11/9, backward wether lambs 5/4 to 7/6, good m-s. lambs 13/6 to 14/3, t ordinary m.s. lambs to 12/-, extra good two-tooth Corriedale ewes 27/6, ordinary two-tooth halfbred ewes to 18/-, good four, six and eight-tooth halfbred ewes to 18/3, full mouth halfbred ewes (low condition) to 8/9, aged halfbred ewes 4/-

to 5/3, good two-tooth halfbred wethers 14/8 to 17/6, ordinary two-tooth halfbred wethers 12/4 to 13/10, good four and sixtooth halfbred wethers to 18/4, ordinary four and six-tooth halfbred wethers 10/9 to 14/8, full-mouth halfbred wethers (backward) 5/9 to 8/9. Fat Lambs.—An average entry of 2,400 sold at an advance of l/-< to 1/6, the schedule for export having slightly improved. Best lambs 24/- to 27/-, medium 21/- to 23/-. Fat Sheep.—Am average entry to an advance in the price of 2/6 for wethers and 2/- for ewes. Exporters bought lighter stuff freely. Extra prime heavy wethers to 32/4, prime wethers 28/6 to 31/6, ordinary wethers 24/6 to 27/6, light wethers 19/- to 23/6, extra prime ewes to 28/7, prime ewes 21/6 to 24/-, ordinary ewes 17/6 to 20/6, light ewes 14/- to 17/-, aged ewes 11/- to 14/-. Fat Cattle.—A heavier yarding, mostly cows and heifers, but an improved sale for quality cattle by 3/- per lOOlbs. Best steer and heifer beef 38/- to 42/-, heavy to 37/6, and secondary 32/- to 35/- per lOOlbs and rough down to 25/- per lOOlbs. Extra prime heavy steers to £l9 17/6, prime heavy steers £l5 10/- to £l7 10/-, prime medium weight steers £l2 to £l5 5/-, medium quality steers £8 15/- to £ll 10/-, light steers £7 to £8 10/-, extra prime heifers to £l5 2/6, prime heifers £9 10/to £l2 10/-, medium heifers £7 5/- to £9, light heifers £6 to £7, extra prime cows to £l5 2/6, prime cows £9 to £ll 10/-, medium cows £7 to £8 15/-, light and aged cows £5 to £6 15/-. Vealers. —Best sold to £B, good £6 to £7, medium £4, £5 15/-, good calves 40/- to 45/-, and medium to 35/-’. Store Cattle.—A poor yarding. A line of 18-months Shorthorn steers sold at £5 10/-. Cows made £5 15/-.

Dairy Cows. —Best second and third calvers to £lB, other? £ll to £l4, best heifers to’ £l5 15/-, others £7 to £lO.

Fat Pigs.—An average entry of porkers and a smaller one than usual of tyacon porkers recorded an advance of up to 6/- a head, but there was little change in bacon values. Choppers £2 18/- to £7 18/6, porkers 46/6 to 56/-, heavy porkers 27/6 to £3 9/6, average price per lb 7Jd to 8 Id, baconers £3 14/- to £4 4/-, heavy baconers to £4 19/6, average price per lb 6d to 6}d. Store Pigs.—A total entry of 160 head which met with a brisk sale, values being better than the preceding week. Large stores 31/- to 36/6, medium stores 25/- to 29/-, small stores 19/- to 24/-, slips 12/6 to 16/-, baconers 7/6 to 12/-. RABBITSKIN SALE REPORT. The Otago Farmers’ Co-operative Association of New Zealand, Limited, report having held their fortnightly sale before a full bench of buyers when medium sized catalogues were offered. The competition was not so keen for low grade skins, but was well maintained. There was a marked decline in low grade skins up to racks, prices being back from Id to 4d per lb, while early autumns were back about >4 per lb. The demand for late autumns was better, with. prices showing a slight rise of 4d per lb. Early winter and winter skins were sought after at prices about 3d per lb, below last week’s prices. The following is the range of prices—small Bd, runners 18d, milky 13Jd, summers 15}d to 15jci, light racks 26 Ad, prime racks 24}d, dawny autumns 28d, early autumns 35Jd, late autumns 47Jd, incoming 564 d, first early winter bucks 57}d, first early winter does 57}d, first winters 69d, second winters 42}d, outgoings 25jd, springs 22}d, second early winters 31d, second incomings 30d, summer black 15J,d, early autumn black 22:1d, late autumn black 27}d, winter black 41d, summer fawn 26d, autumn fawn 36d, winter fawn 60(d. Hareskins 12d. DAIRY PRODUCE. Messrs Dalgety and Company, Limited, report having received the following advice from their head office, London, under date of the 27th instant: — Dairy Produce Market.—Butter 1/lower; cheese 1/- lower, weak. Messrs Henderson and Co., Ltd., advise that their London Principals, Messrs Lovell and Christmas, Ltd., cabled 27th instant as follows; —“Butter and cheese markets very slow. Present prices 126/-, 128/-, white 76/-, coloured 84/-.” FOREIGN EXCHANGES. (British Official Wireless.) Rugby, May 25. The exchange rates on London are as follows: —

CHICAGO WHEAT. (United Press Assn.—By Telegraph—Copyright.) (Rec. 5.5 p.m.) — New York, May 27. Chicago Wheat: May 106}, July 106?, September 109), December 113jj cents per bushel. ■ < ■

Paris, fr to £1 Feb. 18. May 25. 122.21 123.93 Brussels, belgas to £1 . 34.90 34.811 Oslo, kr to £1 18.18 18.16 Stockholm, kr to £1 .. 18.125 18.10J Copenhagen, kr to £1 18.16 18.161 Berlin, rchmkn to £1 .. 20.37 20.361 New York, dol. to £1 .. 4.85 4.85 29-32 Montreal, dol. to £1 .. 4.99 § 4.86J Yokohama, pence to yen 24.-J 24 13-16 Hong Kong, pence to dol 181 17J Calcutta, pence to rupee 18 1-32 17 13-16 Batavia, gldr to £1 .. 12.3 12.085 Rome, lire to £1 .. .. 86.68 82.68 Prague, kr to £1 .. .. 164J 163 Amsterdam, gldr to £1 . 12.lg 12.08