SOUTHERN EXCHANGES

Sun (Auckland), Volume II, Issue 340, 28 April 1928, Page 12

SOUTHERN EXCHANGES

YESTERDAY’S SALES Press Association. Wellington.—Gear Meat, 595, 39s Gd; New Zealand Breweries, 46s 6d; Sharland and Co., 20s; 4J per cent. Stock, 1988, £97 15s; 5a per cent. Stock, 1933, £IOO ss; Bank of Australasia (fractions), 9s 4d, 9 s sd. Christchurch.—English, Scottish and Australian Bank (cum. div.), £8 9s Sd; Bank of Australasia (fractions), 9s 3d (five parcels); Goldsbrough, Mort, 50s (three parcels); Tooth’s Brewery, 43s sd; British Tobacco, 40s 6d; Mount Lyell, 31s 9d; National Bank of Australasia (£5 paid, cum div.), £9; Dalgety and Co. (cum div.), £l4 10s; South British Insurance, 59s (two parcels), ex div.; National Mortgage, 74s 6d.

Dunedin.—Waihi, 12s Sd; Bank of Australasia (fractions), 9s (two parcels;; New Zealand Refrigerating, 16s 8d; 4 i per cent. Bonds, 1938, £96 17s 6d; per cent. Inscribed Stock, 1939, £96 17s 6d; National Mortgage, 74s 6d; New Zealand Insurance, 41s.

DAIRY PRODUCE CONTROL

IMPORTANT BOARD DECISION (Special to THE SUN) WELLINGTON, Friday. Further developments in the controversy over the question of the Dairy Produce Control Board’s right to demand particulars of all dairy produce shipments from this country were reached at the monthly meeting of the board, held today. A motion by the chairman, Mr. W. Grounds, requesting the Minister of Agriculture to revoke the licences of the factories which have refused to supply information in accordance with the conditions of their licence was defeated. Considerable discussion ensued, and it was finally decided, on the motion of Mr. Corrigan, one of the supporters ol' the original motion, that clauses 6 and 7 of the export licence, so far as they apply to f.o.b. sales outside Great Britain and Europe, be allowed to remain in abeyance for the rest of the season. Members voted as follows: For, Messrs. Goodfellow, Corrigan, Tympany, Reynolds, lorns, Winks, Chapman; against, Messrs. Grounds, Dynes Fulton, Hunt, Bryant and Hine. The original motion was lost by three votes to nine, voting being as follows: For, Messrs. Grounds, Bryant and Corrigan; against, Messrs. W. Goodfellow, Dynes Fulton, W. D. Hunt, W. Tympany, W. A. lorns, T. A. Winks, H. T. Chapman, J. Hine and W. E. Reynolds.

INTERMEDIATE CREDITS

Press Association. FEILDING, To-day. The Oroua Intermediate Credits Association has decided to apply for registration, more than sufficient members having joined. The provisional directors are Messrs. W. L. Grice, C. G. C. Dermer, J. G. Cobbe, and J. Bradley.

CHICAGO WHEAT

(United P.A. —By Telegraph — Copyright) (Australian Press Association) Reed. 9 a.m. CHICAGO, Friday. Wheat.—May, 1 dollar 633 cents a bushel; July, 1 dollar 622 cents; September, 1 dollar 59S cents.

BUTTER AND CHEESE

Under date April 27, -W. Weddel and Company, London, cabled their New Zealand agents, A. H. Turnbull and Company, Ltd., as follows: — Butter: Danish, 180 s to 182 s; New Zealand, unsalted, 166 s to 170 s; salted, 164 s to 1665; market slow. Cheese: New Zealand, white and coloured, 96s to 975; market slow. Canadian: White, 110 sto 114 s; coloured, 104 s to 110 s.