TODAY’S QUOTATIONS

Sun (Auckland), Volume IV, Issue 1030, 22 July 1930, Page 11

TODAY’S QUOTATIONS

L LONDON MEAT MARKET

FIRM DEMAND FOR BEEF Cabling under dato July 18, the London office o£ the New Zealand Meat Producers’ Board reported that the Market for New Zealand lamb was firm lor Rood quality; the market for second quality was a little easier; consumption was excellent. A little better inquiry was being experienced for both ewe and wether mutton. a hot?L?.f aland beef was meeting with Areontf den ? and owing to a shortage of • vr Sentine chilled. ine ealand P° r ker pigs were meet.To i Poetically no demand owing •New 7al\ 0t the demand for to . Paconers was slow owing er prices for Continental bacon. BRAN AND pollard and the PIG INDUSTRY w °uld prove a deadly boomert>lindi° r the pig indu stry is being ad vocated in certain quarters duti 6 *°r m ° f the removal wheat the nder P res ent conditions, with suddii at lndustry stabilised, local fi ured 6B ° f bran and P° llar d are ascomrnon knowledge that the ° f the duties would bring 4 rap^d decline of the Dominion’s buye indus try. and therefore the offals would be dependent a j,j ° er countries, and would inevit--161100 periods when bran and oc casi W ° uld soar to high prices, and slm I° nally b ° unobtainable. This is DortaJ , 6Cause fl our would be imfop Inst nstead of wheat. Australia, an d d nCe * very litle surplus bran than ° , ard ’ and Prefers to export flour u wheat. 1,9 lmD d ° Ubly ccrtain tl>at fl °ur would rted# Nstead of wheat, because cheap noe has shown that it is "he»t t im Pert flour than to import Thos °, be milled in New Zealand. a ** tlle pig indu stry who have Past ex° tJl ° future * and art ' aware of Mil c Periences outside buying, ln °vemem nly i not * end support to any anrt ' a,c ’flated to place the into tK , r su PPii e » of New ZeathD° hands °t the importers, i ard with ® requiring bran and poll‘» n ° guaranteed source of

N.Z. HONEY BOARD

PRAISE FOR CHAIRMAN A tribute to the energy of Mr. J. Itentoul, chairman of the New Zealand Honey Export Hoard, was paid in an editorial in a recent issue of the “Beekeepers’ Gazette,” published in Ireland. The article states that Irish beekeepers will be several hundred pounds poorer this season as a result of Mr. Rentoul’s recent visit to that country, and extols his go-getting business methods as worthy of emulation by Irish beekeepers. LONDON PRODUCE MARKET The Department of Agriculture has received the following cablegram, dated July 19, from the High Commissioner for New Zealand, London: Tallow. —The spot market is quiet and steady with fair demand at auction, 675 packages being offered and 444 sold. Present quotations are:—Mutton: Fine, 31s a cwt; fair to good. 26s to 295; dark to dull, 24s to 255. Beef: Sweet and/or mixed, 27s 6d to 355; fair to good, 24s 6d to 27s Cd; dark to dull, 23s to 245. Mixed: Fair to good. 24s to 275: dark to dull, 23s to 245. Gut. etc., 20s to 13s. Hemp.—The Manila market is easier under selling pressure and limited support. “J” grad© sold at £22 10s for August-October shipment, and £22 15s for September-November shipment. Sisal: The market is quiet but steady. Quotations for first grade fair average quality are £24 15s for afloat and June-August shipment, and £25 for July-September and AugustOctober shipment. Mexican sisal: It is reported that 28,000 bales have been lost by the fire in Progreso, but the market is not greatly affected by the reports as present stocks there are 300,000 bales. For good white the nominal quotation is £26 15s. New Zealand: Tho market continues dull and no first hand sales are reported. High fair is offered at £34 spot, Antwerp, but there are no buyers. Wool. —The sale continues with prices better. Merino moved against buyers and prices for other sorts are fully maintained. BUTTER AND CHEESE Merchants report receipt of overseas cables as follow: Joseph Nathan and Co., from Messrs. Trengrouse and Nathan, Ltd.. London: “Butter, 1365; market quiet. Cheese, white, 595; coloured, 83s; market firm. Leonard and Son, Ltd., from A. C. Rowson, London, dated July 18.— “Cheese, New Zealand, white, 775; coloured, 82s. The market is very firm, and tho demand is improving. Prices have an upward tendency. Butter: New Zealand, first grade, 1345; finest, 135 s to 1365. The demand is steady, and tho market steady. The outlook is uncertain, though it looks fairly good.”

Closing quotations at today mlc Ida; Buyers. Sellers. £ s. d. £ s. cL BANKS— Aust. of Commerce 1 1 9 1 2 9 Australasia 12 7 6 Torn, of Australia.. 1 0 10 1 1 4 Eng., Scot. & Aust. 16 0 6 1 0 1 o 0 6 0 0 Nat. of Australasia 6 IS 0 1 C New South Wales.. 35 15 0 36 5 0 New Zealand .. . . 15 0 2 16 3 Ditto (D Mort.) . 1 6 0 L'nion of Australia 11 - 6 — INSURANCE— New Zealand .. .. 2 5 0 2 7 0 fciouth British .. .. — - 19 6 LOAN AND AGENCY— Dom. invest and Bank 0 19 9 1 0 3 Farmers’ Co-op. Auct. A (pref.) . 0 17 0 Ditto (B pref.) .. 0 n; 0 Roldsbrough, Mort . i 0 Newton King (pref.) 0 12 0 N'.Z. Loan and Merc. 87 0 0 93 0 0 Reliance Loan .. .. — 1 2 0 COAL— Grey Valley 1 5 0 Hikurangi — U . 2 0 Ditto (pref.) . . . . 0 3 6 (Ditto A pref.) .. 0 c Pukemiro 6 Renown 0 14 9 ;; .9 Ditto (pref.) . . . . 0 10 0 Ditto (new issue) 0 Taupiri .. 1 6 0 Ditto (pref.) .. .. 1 0 Westport 1 12 0 — CAS— Auckland Ditto, (con.) .. .. 0 IS 0 SHIPPING— Devonport Ferry .. 1 2 9 1 Hi ddart-Parker Ditto (pref.) .. .. C, Ncrthern Steam .. 0 14 6 0 14 Ditto (con.) .. .. P. & O. (def. Btk.) 2 5 union Steam (pref.) 1 0 3 TIMBER— Bartholomew .. National 0 7 0 Parker-Lamb .. .. 0 11 0 0 16 0 BREWERIES— C. U Innes .. .. Ditto (pref.) .. „„ N Z. Breweries 8 0 2 10 0 MISCELLANEOUS— Booth, Macdonald (pref.) B itisiA Tobacco 0 0 Bfcroft, Ltd 1 33 0 1 15 0

call were:— Buye Sellers. £ d. £ d. Colonial Sugar* . . 3G 0 0 Con. Brick & Pipe Dunlop-Perdrlau Electro. Zinc (pref.) 1 3 6 1 Farmers’ Trading . . 0 7 9 Ditto B (pref.) . . 0 1 1 0 Fullers’ Pictures .. Gear Meat Hayward’s Pictures 0 H.M. Arcade Theatre (pref.) 1 0 N.Z. Drug Milne and Choyce (deb. stock) .. .. 1 4 National Pictures . N.Z. Farmers’ Fert. 1 Sanford, Ltd Ditto (pref.) .... Taranaki Oilfields . 0 Thames Theatre Co. 0 10 Union Oil . hittome Stevensons Wilsons Cement 1 IS 6 0 MIXING— Moanataiari (pd.) .. 0 0 Ditto (2s Sd pd.) . Kawarau 0 Lucky Khot (4s paid) Ohinemuri (ord.) . . 0 0 Waihi 0 13 Waihi Grand Junct. 0 Mount Lyell .. .. Ditto (rights) 0 rj Kampong . 0 IS 0 — DEBENTURES— Auckland Gas, 1032, 5 p-c 94 0 Ditto. 1935, Gi p.c. 101 0 0 Auck Harbour Board 1039, 5* p.c 96 0 Ditto, 1937, 52 p.c. 96 0 0 City of Auckland, 1940, 52 p.c. . .. 0 0 96 0 0 Ditto, 1949, 52 p.c. 94 0 Auck. Power Board, 1950, 52 p c Auck. Hosp. Board, 1948, 5J p.c 99 0 Bor. Mount Albert. I960,. 53 P-c Williamson’s Films Gisborne Sheepfarmers 80 0 0 N.Z. Breweries 1 1 0 — GOVERNMENT LOANS _ War Loan, 1930, 42 99 5 0 Ditto, 1938, 42 p.c. 99 5 0 Ditto, 1939, 42 p.c. 99 5 0 Ditto, 1941. 42 p.c. 99 5 0 Ditto, 1933,. 52 p.c. 99 0 0 Ditto, 1936, 52 p.c. 99 5 0 99 10 0 INSCRIBED STOCK War Loan. 1938, 42 99 5 0 Ditto. 1939, 4K p.c. 99 0 Ditto, 1936, 52 p.c. 99 0 0 99 10 0