COMMERCIAL.

Timaru Herald, Volume CXXIII, 5 April 1926, Page 3

COMMERCIAL.

FAT STOCK PRICES

Below are present Canterbury prices for this week’s killings, _ which r.re subject to market fluctuations : ■ ■yVoolly lambs.—First qunhty to 361bs lOd, 37 to 421bs SJd, 43 to 501bs 7|d, over 501bs 7sd, second quality to 361bs 9d, over 361bs 7Jd. Shorn lambs Id per lb. less than above prices. . _ _ Wethers—First quality to 561 bs oju. 57 to 641bs 5Jd, G 5 to 721bs 4Jd, over 721bs 4d; second quality 4Jd. - Ewes.—-Under 481bs 4Jd, 48 to 64lbs 4d, 6G5 to 721bs 3-jd, over 721bs 3d. LINSEED. The Department of Agriculture has received the following cablegram, dated the 31st instant, from Calcutta, with reference to the linseed market: Linseed: Wo quote £lO 15s lor linseed, per ton, c. and f. Sydney, immediate shipment. Market quiet. REVIEW OF THE SHARE MARKET. The business during the week was very good both in volume and in the values obtained. Insurance, banking, and industrial shares were all dealt in, and in the majority of instances the prices obtained were slightly better than those given at any time since the beginning of the year. Coal mining and brewery scrip realised exceedingly good values. Mining seems to be on the eve of a revival, and if the efforts now being made to prove the existence of the precious metal at deep levels in Otago are successful, we may look forward to an infusion of life into what appeared a decaying industry. A considerable amount of business was transacted in bank shares at prices generally showing an increase. The close of the financial year (March 31) no doubt accounted for many of these deals. Bank of New Zealand sold as high as 60s 9d, and remained firm about that figure. National of New Zealand had sales at £6 15s, with further buyers. National of Australia five pounds paid up went up to £8 19s, and had buyers at £8 17s Gd, sellers sixpence more. The fully paids were' wanted at £l7 17s 6d, without sellers. Commercial of Australia sold at 30s Gd. Sellers v.ere willing to continue, but buyers stopped at 30s. Commercial of Sydney were on the market at £26, without "response from buyers. Unions crept up to sales at £ls, and more are wanted at about that figure. Royals (four pounds paid) bad several sales at up to £6 18s, and remain steady at: Buyers £6 16s Gd, sellers £6 17s 9d. Bank of Australasia are offered at £l4 3s without business resulting. A.B.C. are from 32s to 335. New South "Wales had sales at £44 2s 6d and at £44, and can be placed at that, with holders asking half a crown more. ■ Victorias are level with last week's quotes. E.S.A. Bank (three pounds paid) are in demand at £7 15s. Westralia Banks remain unchanged. ■ There was no pause in the upward trend of insurance shares. New Zealands rose' to 39s 9d, the highest figure they have touched. Holders are willing to part- at that price; buyers offering threepence less. South British remain firm at 57s Gd, with a sale at 57s 3d. There was a sale of Queenslands at 52s Gd. Buyers and sellers are within sixpence- of that price. Standards are firnv atßuyers 525, vtithog't response from sellers. Nationals are not so" much sought after, but are steadyfin the. vicinity of four pounds, i In the Loan and Agency group, Dalgety’s changed hands at £ls 17s Gd, and buyers and sellers are offering to do business within half a crown of that figure. Goldsbrpugh Molds were transferred at 48s and. 47s 9d, slightly lower than last week. More can be had at that price, buyers offering threepence less. National Mortgages are inquired fov at 745, but sellers are reticent. Wright .Stephensons ordinary are on the market at 275, without a buying quote. N.Z. Loan and Mercantile ordinary stock is wanted at £93 10s, without eliciting a selling offer. N.Z. and River Plate has risen to 22s 3d, without response from sellers. Perpetual Trustees ate wanted at 52s 6d, but none are available. In shipping, the market is dull. Huddart Parkers ordinary found new owners at 44s 9d. The prefs. are asked for at par, but 21s is required. Howard Smith are from 34s to 355. Union Steam profs, arc in demand at liar, sellers sixpence premium. P. and 0. Deferred Stock has a buver at £230. but sel'ers ask £5 more. Northern Steams wore sold at 15s 4d. The demand for Westports continues. Sales have been made up to 35s 9d, with buyers and sellers threepence away. Stocktons have improved slightly. The ordinary issue is asked for at 2s Id. The profs, are worth slightly more. Taupiris brought 16s 9d for ordinary. New r Zealand Breweries have recovered r a their temporary setback. After dropping to 54s Gd they have risen to sales at 595, and are wanted at sixpence less. Tiie debentures sold up to 265, cum. the quarterly dividend. Staples reached 40s, and are firm at that price. Mannings are in demand at two guineas. Wards are firm; best sel’er 4Gs. buvers 40s. Crowns arc ofi’ered at 21s 9d, but 20s is the buyer’s price. Timaru paid a dividend of ten per cent, on March 30th, and can bo bought at 17s. In gas shares, there is little business doing. Auckland paids sold for 22s sd, and the contribs. at 8s Id. Christchurch are wanted at 245, but sixpence less is the best offer. Timaru (five pound paid) have firmed to buyers £7, sellers £7 7s. New' Zealand Refrigerating contribs. are slightly better. Buyers offer 8s 2d, sellers twopence better. Paids are steady about 17s 6d. Canterbury Meats are easier, and can be got at £lO 7s Gd. Gears are about £2, with no business transacted.

The lubber market gives promise of being more stable than was thought some time ago. Dominion's output for February reached dO.OOOIbs, and its net profit on a capital of £50,000 was over £20,000. Prices finned, and sa'es were made up to 50s 6d. New Zealand Malays arc also stronger, and sellers are holding for 50s, buyers four shillings less. Jvaiapoi ‘Woollens are gradually improving. The ordinary issue brought 10s 9d, and the demand Continues. Profs, are better, and a little more can bo obtained for them. Mosgiels are wanted at £5 17s 6d, sellers asking half a crown more. Prime is in request at a guinea, with no selling offers. ‘Wellington prefs. and ordinary arc about £O. Wilson’s Cements have improved a little and were quitted at 36s 3d. Milburns remain stationary, and ure offered at 335. New Zealand Drugs are firm, and 68s (cum. div.) is offered for the old issue. The new issue, fully paid, is wanted at 595. New Zealand Farmers’ Fertiliser is not in demand at 98s. New Zealand ltxpress are steady; ordinary from 22s to 23s 3d, and profs, at 17s 3d. There is ft brighter tone in. the mining market, and shares arc soiling more freely. New flotations are coming into vogue and speculation is brisker.- St. Bathans sold at from 5s 3d to 6s .3d prom. Kawaraus changed hands at, 6s. Wailiis are firmer, due to devclonmonis at the mine, and brought 2.3 s Od. Kiectrolytic Zinc prefs. changed hands at 365. Taranaki Oils arc improved and reached 9s 6d. Mt. Lvells are from 25s Id to 25s 7d. Nokomai Sluicing arc asked for at 3s. Government Bonds have improved. -ii per cent. 1930 brought £97; 19.38 and 1939 issues realised £96 10s. and buyers are offering £96 5s for them. Five v per cent. Po-dal Bonds arc wanted at £97 17s fid, but. half a crown more is routrwd. Soldiers' Bonds are 7s Od below par.