TO-DAY’S QUOTATIONS

Sun (Auckland), Volume III, Issue 661, 13 May 1929, Page 10

TO-DAY’S QUOTATIONS

Closing quotatoius at to-day’s mid-day call were: Buyers Sellers. Buyers Sellers.

SOUTHERN EXCHANGES SATURDAY’S SALES Press Association Wellington.—South British Insurance. 63s 6d. Dunedin.—South British Insurance, 63s ltd. LONDON MEAT MARKET SMIT-HFIELD PRICES The New Zealand Meat Producers’ Board has received the following cablegram from its London office, dated May 10, advising Smithtield delivered prices averaged for the week ended that date as follow; New Zealand Wethers and Maidens Canterbury quality, selected brands, 56tb and under. 7 l-8d a lb; 571 b to 641 b, 6 ]-8d; 651 b to 7Jib. 5 3-Sd. Other brands: 561 b and under. 6 7-Sd; 571 b to 641 b; 6d; 651 b to 721 b. s‘,d. New Zealand Ewcss.—64lb and under, 5 1 -Bd. New Zealand Lambs. —Canterbury qualify. 3**lb and under. 9 5-Sd: 371 b ro 421 b, ■ 1. 43ib to 501 b. s*d; seconds, Pel. Selected brands. 361 b and under, 9 jd; 371 b r*» 421 b. 8 7-Ba. Other brands. Is" quality, 361 b and under. Dpi; 371 b to 421 b. 2nd quality. 301 b to 321 b average, Jd. Australian Lambs. —Victorian, first uuallty. 361 b and under, 8 l-Bd. Argentine Lambs.—lst quality, 361 b and under. Sd; 371 b to 421 b. 7£d. Argentine Chilled Beef. —Ox fores, s£d; hinds, 7£d. New Zealand Frozen Pork. —Porkers, *;i»lb to 801 b. lOd: SI lb to 991 b, 93d; 1001 b 1201 b, 9£d. Baconers, 1211 b to ISOlb, L.mib.—The market is quiet and trade is slow. Mutton. —The market is weaker for both withers and ewes. New Zealand Porker Pigs.—The market is easier and the demand is de* reusing. New Zealand Bueoner Pigs.—The mar- ].» t is weaker owing to lower prices of

POTATOES FOR AUSTRALIA QUESTION OF EMBARGO Press Association W AIM ATE, Sunday. There seems little probability that the Australian Government will lift the embargo on New Zealand potatoes, according to advice received by Mr. J. Bitchener, M.P., from the Minister of Agriculture, the Hon. G. W. Forbes. It is understood the flood damage to the Tasmanian crops is not so serious as reported, and as repeated unsuccessful attempt? have been made by New Zealand to have the embargo lifted. Mr. Forbes says he considers there is littie prospect of such happening unless pressure can be brought to bear on the Commonwealth Government by business people and consumers in Australia. LONDON MARKET REPORTS (Australian and N.Z. Press Association) LONDON. Saturday. Sheep.—Canterbury, medium, 6 1-Sd: North Island, light, 6 7-Sd; medium. 6d; heavy, sid; New Zealand eewes, 5 1-Sd: Australian, none offering: Argentine, light 53*1: medium, 4 7-Sd; heavy, 4 5-Sd. Lambs.—Canterbury, medium, 9d; Australian, thirds. Sid. Chilled Beef.—Argentine, fores, 53d; others unchanged. COTTON. RUBBER. HEMP, ETC. Cotton.—June delivery, 9.54 d (9.52 d) a lb. Rubber.—Para, Hid (lid) a in; plantation and smoked, 10£d (9 15-16 d). Jute.—May-June shipments, £3O 5s (£3O 17s 6d) a ton). Hemp.—April-June shipments, £32 10s (not quoted) it ton. Copra.—May-June shipments, £2l J2s 6d ( £2l 12s 6d) a ton). Linseed Oil.— £29 ( £2B 17s 6d> a ton. Turpentine.—lss (45s 3d) a cwt. Walk Easy Ointment Tor tired, tender feet. Removes hard skin, callouses, etc. Works while you sleep. No excuse for limping. Tin posted for Is 6d. —E. w. Hall. 117 Armagh St.. Christchurch. z.

CHEESE MARKET WEAK FIRM DEMAND FOR BUTTER AN INTERESTING REVIEW Factors influencing the London j dairy produce market during the month j of April are reviewed by A. H. Turn- ; bull and Company in an interesting • report issued under date May 9. ' During the month of April.” states j the review, “the market remained j slow and quiet, top prices ranging from 162 sto 1665. The favourable j season in New Zealand, with reports of a production far in excess of previous records and more especially the fact that the January-February make did hot suffer by dry weather, as happened last season, undoubtedly had a depressing effect upon the London market, added to which was the rapid recovery in Australia from a threatened drought. Last week there was a distinctly firmer tone in the butter market, and London quotations ran up as high as 1675, but the latest advices show that the market is again somewhat weaker. “The first few days of this month there was quite an active demand by forward buyers for end of season’s make and May shipment, and several parcels of May-June make were sold at prices considerably above present spot London quotations, sales ranging from Is 5d to Is old a lb. f.o.b. It appears, however, that the forward buyers have not continued with their inquiry, and. generally, buyers in the i meantime have withdrawn. “Cheese has again been disappoint- ; ing, and. although the market has run up to 90s during April. the latest cables report that the cheese market ( is slow, prices declining again to the vicinity of 86s and 87s, with a possibility of a further weakening. “There are very heavy stocks of i cheese in sight, and it therefore does j not look likely that we shall see any sudden improvement in quotations in . the meantime.” BUTTER AND CHEESE

DAIRY BOARD’S REVIEW The New Zealand Dairy Produce Board has received the following market report from its London office, dated May 10, prices for the previous week being in parentheses:— Butter New Zealand: Salted and unsalted, 165 s to 168 s (salted, 164 s to 1665, ami u n salted, 166 s to 168 s); first whey. 154 s (1565): second whey, 152 s (1545). Deliveries New Zealand this week, 1,150 tons; in store, 7,9Q0 tons. Australian: Finest salted, 159 s to 162 s up to 163 s (158 s to 1625): unsalted, 162 s to 164 s up to 166 s (160 s to 1625). Argentine: Finest unsalted, 158 sto 162 s (156 s to 1625). Danish: F.0.b., 162 s (1595); spot, 168 s (164 s to 1665). Estonian: 158 s to 162 s (15Ss to 160 s). Latvian: 158 s to 162 s (156 s to 160 s). Siberian: 156 s (154 s to 1565). Ukra,nian: 1565. Polish: 148 s to 154 s (150 s to 1525). Irish creamery: Salted, 162 s to 164 s (160 sto 1625); unsalted, 166 sto 168 s (163 s to 1655). French baskets: Salted, 154 s to 160 s (154 s to 160 s). Market quiet, but steady. Retail prices unchanged. Cheese New Zealand: White, 85s to S6s (STs to 88s); coloured, STs to 88s, up fo 89s (89s to 90s). Deliveries New Zealand this week, 22,817 crates; in store, 145,990 crates.

Canadian: White, 104 s to 110 s (106 s to 112 s); coloured. 104 s to 108 s (108 s to 110 s). Australian: Whit.*, 85s to 86s (Sos to 87s); coloured, 86s to 88s (85s to 88s). Market slow. Retail prices unchanged. English finest farmers’: 142 s to 144 s (142 s to 1445). Supplies scarce. Shipping Arrivals The Hororata commenced to discharge cheese on May 2 and finished on May 8. The same vessel commenced to discharge butter on May 6. The Cornwall commenced to discharge cheese on May 7 and finished on May 8. The Cornwall also commenced to discharge butter on May 8. The Pakeha commenced to discharge cheese on May 7 and finished on May 8. The same ship commenced to discharge butter on May 8. The Port Fremantle commenced to discharge cheese on May 8. The same vessel commenced to discharge butter on May S. and finished on May 9. The Tairoa commenced to discharge cheese on May 8. North American Market The board has also received the following advice from its agents in Canada: — Butter: New York, 43i cents (Is 93d): .Montreal. 35 cents (Is 5Td). Merchants’ Reports Merchants report receipt of overseas cables as follow: Amalgamated Dairies, Ltd., from their London office, under date May 11 : “Butter: Our prices unchanged, salted and unsalted ‘Anchor.’ 168 s; market quiet but steady: Danish, 168 s on spot, 163 s f.0.b.: deliveries New Zealand. 1,133 tons, stock 7,893. Retails unchanged. Cheese: Prices unchanged: market slow; still littlo interest. Early offers Canadian fodders, 84s 6d e.i.f., but no sales. Retails unchanged.” MINING NEWS LUCKY SHOT.—The manager reports: The low* level crosscut to intersect the main reef has been advanced 34ft. bv the contractors for the past week. The country rock being penetrated is the usual type of andesite which accompanies payable ore in the Thames district. In the early part of the week a small vein very heavily mineralised was passed through.

pANfwS— £ s. d. JZ s. d. Aust. of l.'oinmerce, I 15 Australasia. 14 Coin, of Australia . 1 TO n 1 10 3 Ditto (con.) .. .. 14 Ditto (plot.) .. .. 7 Nut., of N.Z 7 1 0 7 Nat. of Australasia (con.) 15 9 Now Zealand . . 1 3 I>Jtto, I> Mortpr. . 1 S 9 1 nion of Australia. 15 s 0 15 10 0 3 NSURANCEAust. Prov. Assn. . 0 10 1 0 10 National 0 New Zealand .. t; 9 2 7 Soul li British .. . . 'Queensland — S 7 ti LOAN AND AGENCY— Abraham and Wilhams (pref.) .. .. 4 7 6 Fanners' Co-op. Auct. 2 19 0 9 0 Golclsbrouph. Mort . 13 6 Now ton Kinur (prof.) 0 S 9 N.Z. Loan & Akrc. 12:, n 0 129 0 0 Ditto (pref.) . . .. ISO 0 0 N. Auck. Fariiit'Mb' i 'o-op. (ord.) 0 Ditto (B pref.) .. 0 10 0 0 12 6 COAL— (Iroy Va lley .. .. l I'ukemiro 3 1 0 Renown 0 17 Ditto (pref.) .. .. 0 J 1 0 3 T.mpiri 1 Ditto (pref.) .. . . l Waipa n J l 13 0 It estpoi t-Stocktou u 3 u 0 2 GAS— Auckland 1 4 1 - Ditto (coil.) .. .. 0 IS 3 0 IS R Gisborne .. .. .. 0 .10 f> 0 13 0 SHIPPING— Devonport Steam .. '1 0 Huddart-Parker R 9 Northern Steam 0 14 0 Ditto (con.) .. .. 0 7 P. and O. (def stk) :i7 K 3 1 0 l nion Steam .. 1 0 9 TIMBER— Kauri Timber . . .. 0 19 0 1 Ley la rid-O'Brien National .. .. .. .. 0 5 0 Parker-Lamb .. — 0 17 9 WOOLLEN— Kaiapoi .. — 0 14 3 BREWERIES— J. Staples 2 5 9 — MISCELLANEOUS— Adair Bros 0 IS 0 Auck. Amuse. Park 0 3 Ditto (pref.) .. .. 1) 12 Australian Glass 6 British Tobacco 9 Bycroft. Ltd 1 14 0 Dominion Pictures . 1 0 g Ditto (pref.) .. .. 1 0 Donagrhy s Rope x <K!v.) 1 12 9 —

(orcl.) 1 1 6 Ditto (pref.) .... L 17 0 1 17 Farmers’ Trading .. 0 G 0 8 Ditto A (pref) .. 0 17 Ditto JB (prel.) .. 0 14 0 Puller’s Pictures .. 1 0 0 Clear Meat 6 C.rey and Menzies . . 0 10 9 ELM. Arcade Theatre (pref.) 1 1 0 N Z Drug 3 14 9 Lewis Kad.v (pref.) 0 IN 0 0 19 Milne and Choyce . . 1 Ditto (pref) .... 1 9 Ditto B (pref) .. 1 b 9 Ditto (deb. stk.) . 1 6 0 1 N.Z. Paper Mills . . 0 19 0 Robinson Ice Cream 1 9 Sanford, T,td 0 17 6 0 19 0 Ditto (pref.) .... 1 0 Sharland and Co. (pref.) ex div. . . 1 0 0 Taranaki Oilfields . <» 3 0 10 Thames Theatre .. 0 10 0 Tonson CJarlick .. . 0 8 G 1 nion Oil 2 1 6 4 6 Victoria Nyanza Sugar 4 0 W hittome Stevensons 2 4 fi 2 10 0 Wilsons Cement .. 2 2 3 2 3 0 MINING— Alburnia (2s Sd pd.) 0 1 2 0 1 10 Moanataiari (paid( . 0 1 Ditto (con.) ... u 0 Lucky Shot (4s pd.) 0 0 8 0 1 6 Ditto (con.) .. .. 0 0 1 0 0 6 Maoriland (con.) 0 0 Occidental Una (2s paid) 0 0 Waihi 0 12 H 0 12 Waihi Grand June. 0 0 8 0 0 10.’. Mount Lyell .. .. 2 3 3 2 4 3 DEBENTURES — Auckland Gas. 1332, 5 p.c 35 0 Ditto, 1935, 6} p.c. 103 0 0 Auckland Harb. Bd.. 5 per cent 98 10 0 5J per cent 100 0 0 0 per cent 103 0 0 105 0 0 City of Auckland. 1940, 5$ p.c 99 0 0 Ditto, 1943, 5} p.c. 100 0 0 Auck Hos. Bd., 58 100 0 0 103 0 0 Bor. Mt. Eden, 6 .. 103 0 0 N.Z. Breweries .... 1 G 6 Gisborne Sheepfarmers — 98 GOVERNMENT BONDS War Loan, 1938, 4.} 99 15 0 100 0 0 Ditto, 1939, 4i p.c. 0!) 15 0 100 0 0 Ditto, 1941, 4’, p.c. 99 10 0 Ditto, 1933, 5J p.c. 99 0 0 100 0 0 Ditto, 1933. 55 p.c. 101 2 6 — INSCRIBED STOCK— War Loan, 1938, 4-i 99 12 6 99 17 G Ditto, 1939, 44 p.c. 99 12 Ditto, 1933, 51 p.c. 101 ft Ditto, 1936, 55 p.c. 101 0 0 —