TO-DAYS QUOTATIONS

Sun (Auckland), Volume II, Issue 412, 21 July 1928, Page 12

TO-DAYS QUOTATIONS

Closing quotations at to-day’s mid day call were:

SOUTHERN EXCHANGES

YESTERDAY’S SALES Press Association. Christchurch. —Goldsbrough, Mort, 50s 7d; Mahakipawa, 3s, 3s Id (two parcels), 3s (two parcels); Commercial Bank of Australia (pref.), £7 5s 6d. Dunedin. —Sales on 'Change to-day were: Westport Coal, 30s 9d (two); West-port-Stockton (ord.), 3s 6d; South British Insurance, 60s 3d.

GOOD HONEY VALUE

“SUCCESSFUL SEASON” “A most satisfactory season has been experienced this year,” says Mr. J. Rentoul, chairman of the New Zealand Honey Export Board, in replying to a statement on the honey industry by Mr. H. T. Merritt, president of the Auckland Chamber of Commerce. The quantity and value of the honey exported In previous seasons were as follow’: 1925. 1,822,0001 b, value £53,156; 1926, 1,211,0001 b. value £35,432; 1927, 850,0001 b. value £25,170. The estimated output for the 1927-28 season was 22,511 cwt, valued at £84,047.

The fluctuation in export was explained by the fact that the 1925 season was considered a record one. 1926 being normal. while the 1927 season was a very bad one. The 1928 season had been particularly good. Illustrating his contention that the production of honey had not fallen off. Mr. Rentoul stated that in the 3 922-23 season 2,930,0371 b were produced, while in the 1926-27 season 6,420,000 lb were produced, an increase of 3,489,963 lb.

N.Z. FROZEN MEAT

MUTTON AND BEEF BOTH FIRM Prices of New Zealand frozen meat on the London market have been announced in a cablegram to Dalgety and Company on July 19. They are: Mutton.—Prime Canterbury, 481 b to 56 lb 7gd a lb; 561 b to 641 b, 7d; 641 bto 721 b, 6sd; prime North Island, 4Slb to 561 b .d; oblb to 641 b, 6sd; 641 b to 721 b. 63d* ewes, Canterbury and North Island. 51d’. The market for mutton is firm, owing to light stocks, and the demand is better. Lamb.—Prime Canterbury. 281 b to 361 b 10 ld: 361 b to 121 b, 93d; 421 b to 501 b, 9i,‘d; second quality. 9fd: prime North Island, -Mb to c.6lb, gd; 361 b to 421 b, 9£d; 421 b to M'lb. I*ld; second quality, 30d. Any change in the market for New Zealand lamb is likely to be in favour of buyers, w efgh ts mand runs P rin cipally on heavyBeef.—New Zealand prime ox fores, 41d; •lrnas, bid; Argentine chilled fores, 3£d; binds 6 L .< 1. The market for New Zealand beef is very firm, and the demand continues. , r F,? rk ~* s ' ew Zealand porkers, SOlb to 1001 b. 62d.

BRITISH EGG MARKET

MARKING FOREIGN IMPORTS (United P.A. —By Telegraph — Copyright) (Australian and N.Z. Press Association.) (United Service) LONDON, Thursday. The Standing Committee under the Merchandise Marks Act recommends, subject to a four to six months’ notice, the issue of an Order-in-Council prohibiting the importation and sale of foreign eggs, unless each egg Is durably marked with the name of the country of origin.

FIRM, BUT QUIET

N.Z. PRODUCE MARKET Quoted on July 19 on the London market at 182 s to 186 s for butter and up to 112 s for cheese, the New Zealand dairy produce market has been reported to Auckland agents as firm, but quiet.

W. W. Bowker received the following cable from A. J. Mills and Company, Ltd., London: Butter : The market is quiet. New Zealand finest salted, 184 s to 186 s; first grade, 180 s to 182 s; unsalted, 169 s to 171 s. Danish, 182 s to 184 s; Australian salted, 172 s to 1765; unsalted, 174 sto 1765. Argentine, 166 s to 170 s. Siberian, 158 s to 160 s; quoted a little lower. Cheese: The market is quiet but steady. New eZalarid white and coloured, Ills to 112 s. Canadian, 108 s to 110 s.

railage this brings the gross payment for the season to 16.8 d a lb. After payment of a dividend of 5 per cent, on the share capital there is a balance of approximately £146. Working costs were: Cost of production per lb. of butter, including materials, 1.275 d; distribution, .536 d; office and administration, .282 d; general, .384 d; total, 2.48 d. The balance sheet shows assets at £7,753 12s 9d. The retiring directors, Messrs. C. J. Ryan and N. J. B. Dougherty, are eligible for re-election. The year’s output of butter by the Katikati Company was 382 tons, 30 tons 5 cwt. increase over last year’s production. The average grade was 92.16, the best figure yet recorded at Katikati. The sum of of £2,612 13s 9d is available for appropriation, and the directors recommend a final payment of .75d a lb for butter-fat, which,, with the average advance already made, and the cost of collection, makes the average payment for the season 17.16 d a lb. A dividend of 5 per cent, on paid-up capital is recommended. The total number of suppliers was 115, and 707.8481 b. of butter-fat was received, from which was made 855,7131 b. of butter. The cost of manufacture, with boxes, was l.lld a lb, and the cost of placing f.o.b. from the factory was .58d a lb. Manufacturing, administration and collection costs were all less than usual. The balance sheet shows assets of a total value of £12.480 12s lid. The retiring directors, Messrs. J. Earl, E. Marshall, D. Thomas and E. F. Walford. again offer their services.

Sellers. Buyers. £ d. £ s. d. BANKS— Bank of Australasia 14 17 0 — Com. Bank of Aust. 1 l) 0 1 9 6 Ditto (con.) .. .. 0 18 6 Ditto (pref.) .. .. 7 b 0 National of N.Z. .. 7 5 0 7 2 6 National of Australasia 18 8 0 Ditto (con.) .. .. 9 2 6 New Wales.. 50 5 0 New Zealand . . 3 0 3 3 0 0 Ditto, D Mort. (20s paid) 1 7 0 1 6 4 Union of Aust. 15 5 0 15 2 0 INSURANCE— National 0 16 1 0 15 9 New Zealand .. .. 2 6 2 South British .. .. 3 1 0 3 0 0 DOAN AND AGENCYFarmers’ Co-op Auctioneering 3 0 0 2 12 0 Ditto A (pref.) .. 0 16 Ditto B (pref.)* .. 0 National Mortgage . 3 lb 0 Newton King (pref.) 0 12 0 N.Z. & River Plate 1 10 0 N.Z. Guar. Corp. 0 N.Z. Loan Merc. 104 Ditto (pref.) .. .. — 80 0 0 COAL— Renown (ord.) .. 0 13 6 — Hikurangi 0 5 10 Ditto (pref.) . . .. Ditto A (pref.) .. Pukemiro 6 Taupirl 1 Ditto (pref.) .. .. 3 Waipa 0 14 Westport Stockton . — GAS— Auckland.. .. .. 1 3 3 1 3 l Ditto (con.) .. .. — 0 17 1 SHIPPING — Devonport Steam .. i 4 0 1 3 0 Huddart-Parker 1) 0 Northern Steam 0 14 9 0 14 6 Ditto (con.) .. .. 0 7 0 Union Steam (pref.) — TIMBER— Lcyh.nd-O’Brien 1 13 6 — National .. . • .. .. 0 11 0 0 7 6 WOOLLEN— Kaiapoi 0 10 0 Mosgiel — 6 18 0 Wellington — Ditto (pref.) .. .. — BREWERIES — C. L. Innes (pref.) — 0 17 0 Ditto (pref.) .. .. 1 1 0 0 N.Z. Breweries 2 5 — MISCELLANEOUS — British Tobacco .. .. 2 3 0 2 2 3 Bycroft 1 10 <’hecker Taxi .. .. 5 Colonial Sugar Aus. 60 5 0 59 10

Sellers. Dental & Medical . 0 14 Dominion Pictures . Ditto (pref.) .. .. Elec. Zinc (pref.) ., Fullers’ Pictures .. Gear Meat Grey and Menzies . . Hayward’s Pictures 1 1 0 Hill and Plummer . . H.M. Arcade (pref.) Milne and Choyce .. Ditto (pref.) Ditto (B pref.) . Ditto (deb. stock) Morris Hedstrom .. 1 1 3 National Pictures N.Z. Farm. Fert. . 4 10 0 Robinson Ice Cream 1 Sanford. Ltd Ditto (pref.) .. .. 1 Sharland and Co. .. 1 0 Taranaki Oilfields .. 0 Thames Theatre Co. 1 0 0 Tonson Garlick .. .. Union Oil Whittome Stevenson 2 Wilsons Cement .. 1 18 9 1 17 6 MINING — Moanataiari (paid) . 0 1 10 0 Ditto (con.) .. .. 0 1 0 Golden Age (paid). 0 0 New Waiotahi (4s paid) 0 c I 4 Ditto (con.) .. .. 0 0 55 0 0 2 Occidental-Una (con.) 0 0 6 Ohinemuri (ord.) .. 0 7 3 0 6 10 Rising Sun 0 7 3 Waihi 0 13 0 0 12 10 Waihi Grand June. 0 1 6 0 1 4 Mount Lyell .. .. 1 16 0 1 15 0 DEBENTURES— Auckland Gas, 1932, 5 92 0 0 Ditto. 1935, 6i .. 103 0 0 102 5 Auckland Harbour Board, 5J p.c. .. 95 10 0 Ditto, 5} p.c. . . 99 0 0 City of Auckland, 1940 51 p.c 99 10 0 Ditto, 1943, 55 p.c. 99 0 0 Borough of Devonport. 6 p.c 100 0 0 Borough of Mt. Eden, 100 0 0 Ditto, 6 p.c 102 0 0 Borough of Hamilton, 6 p.c 100 0 0 GOVERNMENT BONDS— War Loan, 1930, 45 — 98 5 0 Ditto, 1938. 45 p.c. — 98 10 0 Ditto. 1939. 45 p.c. 98 10 0 Ditto, 1941, 45 p.c. 98 0 0 Ditto, 1933, 55 P.c. —— 100 12 6 Ditto, 1936. 55 p.c. — 100 17 6 INSCRIBED STOCK— War Loan, 1938, 45 98 10 0 Ditto. 1939, 45 p.c. — 98 12 6 Ditto, 1927-41, 5£‘ 98 15 0 Ditto, 1933, 55 •• 101 5 0 100 12 6 Ditto, 1936, 55 p.c. 101 7 6 100 17 6 N.Z. Breweries 1 3 7 105 0 0 Ditto, 8 p.c 106 0 0 Glaxo 9b 0 0 90 0 0