CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LIX, Issue 17939, 6 December 1923, Page 10

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS. Sales reported —.Z. Refrigerating (contr.), lis 3d: lLaiming''3 Brewery, 25s 4xl. Sales on 'Change—Union Steajn (prei.), 20s 6d. LATEST QUOTATIONS.

OTHER EXCHANGES. (PBESS ASSOCIATION TELEGBAMS.) AUCKLAND, December 5. Sales'— Soldiers' Bonds, £IOO las; New Zealand. Breweries debentures, £102; Bank of Australasia, £l3;, Huddart-PaL-ker, 41s; Sharland end Co., 21s 6d. WELLINGTON, December 5. Sales Reported—Bank of New South. Wales £43 3s; Huddairt-Parker (ord.), £2 lfl 3d; Wairarapa Farmers (pref.), 17s. DUNEDIN, December 5. Sales reported—New Zealand Refrigerating (con.), 11a 2d; Mount Lyell, 22s 7d. BURNSIDE MARKET. (P&I3S ASSOCIATIOK TELEGSAM.) DUNEDIN, December 5. There- were large entries of fat stock in each department at Burnside to-day. Tho supply was in excess of requirements, with, a result that sheep, lamb 3, pigs and inferior classes of cattle were sold at lower values. The sheep entry, especially, exceeded requirements of butchers, consequently the sale opened with prices showing an average drop of about 2s per kead all over, but tho sale throughout was irregular, better rates being obtained in the earlier part than towards the close. Although the lamb sale was fairly active, prices showed a drop of about 2s per head as compared with last week's Tates. To-day'a prices for prime lamb were on a basis of about lOd per lb. It was expected that prime beef would sell at rates' equal to those realised at last week's sale, but that values for unfinished and inferior sorts would show a decline. The pig market was practicably glutted, with result th».t the sale was a dragging one, and prices were lower to the extent of fully 10s per head, both for baconers and porkers. Several. pens of good store bxillocks sold at advanced rates, but there was practically no change in the market values for cows and young cattle. Fat sheep—There was a large entry, numbering about 2000 head. With the exception of about 100 head, the whole of tho entry was shorn. The quality was good, and included several pens of nice well-finished animals, while dry ewes were more plentiful than usual. Extra prime heavy-weight wethers realised from 39s to 42s 6d, prime 333 to 365, medium 303 to 32s 9d, and light and unfinished sorts to 29s Gd. Extra prime heavy-weight ewes .realise 3 up to 40s, prime 29s to 21s, medium 24s to 20s 6d, and light and aged up to 22s Gd. Top rates for wethe'rs went to Bd, and ewes 5d .per lb. Heavy-weight wethers averaged 5Jd to Gd per lb, prime ewes sd, aged and light ewes 4id to sd.

Fat lambs—There was a large entry, numbering 165 head of good average quality. Extra prime lambs realised from 30s to 36s 9d, prime '2Bs to 29s 6d, medium 24a to 26s 9d, and lighter sorts up to 235. Prime brought lOd and light BJd to 9id per lb. Fat cattle —There was a large entry, numbering 251 head. The proportion of extra prime bullocks was smaller than usual, the bulk of the yarding consisting of medium-wc-ight steers, while the number of cows and heifers offered was considerably larger than has been the case for some time past. Extra prime heavy-weight bullocks sold up to .£2O, prime £l3 to £l7, medium £8 to £9, prime cows and heifers £7 to £3, and medium £6 to £7. Average prices for prime beef were 3/7s 6d to 38 6d, light 38s to 40s, second" quality 33s to 355, prime heifers 32s 6d to 33s tid and cows 253 to 27s 6d per 1001b. Store cattle—The yarding comprised over 200 head, and included a few pens of good forward four-year-old steers. An out-side buyer was in the market for these, which stimulated competition and satisfactory prices were realised. Some of the animals sold up to £9 6s and others up to £7. Cows suitable for canning purposes and young- cattle sold at prices about on a par with late rates. Dairy cattle —About thirty head were offered. The market was fairly active, and late rates were maintained. Best cow;; sold from £8 to £9, heifers from £8 to £7, and agedcows from £3 £4. Pigs—There was a full yarding of all descriptions. Competition was very slack and vendors had to accept lower prices in ordsr to effect sales. To-day's values for prime baoonere were on a basis of about 6Jd to 7d per lb, and for -prime porkera about £Jd per lb. APPLE FREIGHTS DOWN. LONDON, December 4. As the result of negotiations between Mr S. M. Bruce (Federal Prime Minister), and the shipping companies, the freight on apples has been reduced to four shillings per cwi This re-presents an annual saving to Australian produ-cera of £38,000.

Stock. Buyers. Sellers £ s. d. il 8. 1 ± N.Z. GOVT. DEBENTURES— 4J per cent. Inscribed, 1938 96 17 6 97 0 0 <J per cent. Inscribed, 1939 96 12 13 — 4* r>er cent-. Bonos, 1939 • ■ • - 96 12 6 97 0 u per cent. Inscribed, 1933 101 0 100 15 0 5 5j per cent. Bonds, 1933 •• 100 17 6 102 0 0 per cent. Inscrioed, 1927-41 _ 99 0 u COMPANY DEBENTTJRESGlaxo, ()J per cent., 1945 82 10 0 — BANKS— 13 0 Australasia — 1 New South V> ales 40 0 5 40 7 6 New Zealand (old) 2 11 0 2 11 G New Zealand (new) 2 9 G '2 10 3 Royal (£1 paid) — 1 1G G Union of Australia — 14 18 0 INSURANCE — New Zealand .. 1 8 3 1 9 0 LOAN AND AGENCY— Goldsbrough, Mort 2 5 3 — National Mortgage — 4 2 0 N.Z. Loan and Merc. (ord. stk. cum div.) 80 0 0 S3 0 0 SHIPPING — Howard, Smith 2 10 9 Huddar-Parkor 2 0 6 2 1 3 P. and 0. Def. Stock (cum div.) 298 0 0 — Union- (pref.) 1 0 4 — FROZEN MEAT — Canterbury (cum div.) 15 7 6 — Cantorbury (prel., cum div.) 5 G 0 — N.Z. Refrig-. (naid) — 1 3 3 N.Z. Refrig. fcontr.) . 0 11 0 0 11 4 North Canterbury 2 6 0 — COAL— Tauplri . ■ — 1 0 4 AVostport . • ■ — 2 0 0 Kikuransfi (pref.) rights — 0 1 0 WOOLLENS— Kaiauoi (£1 paid) — 1 1 3 Kaiapoi (contr.) 0 10 0 0 10 i) Kaiapoi (pref.) — 1 1 0 BREWERIES— Crown 2 17 0 0 17 6 Manning — 1 5 9 Ward — o 3 0 CEMENTS— Wilson's 1 7 0 1 8 A TIMBER— Kauri "(cum div.) 1 8 9 1 9 G MISCELLANEOUS— Burns, Philii — 1 12 6 Glenmore Brick and Tile 1 0 0 — Mason, Struthera (£1 paid) 1 3 6 — Mason, Struthera (14a paid) 0 14 G — Mason, Strutters (6b paid) 0 6 4 0 7 0 Mason, Struthera (4s paid) 0 4 2 — N.Z. Farmers' Co-op. (£5 pa,id) — 2 10 0 N.Z. Farmers' Co-op. (£2 paid) 0 0 0 0 11 0 N.Z. Farmers' Co-op. (6 per cent, cum . pref.) —' 3 18 0 N.Z. Farmers' Co-op. (6 per cent. pref. re div only) — 2 10 0 N.Z. Farmers' Co-op. (7$ per cont. Bonds, 1926 91 0 0 N.Z. Paper Mills 1 1 6 1 2 6 N.Z. Siigar of Milk .. 1 7 G 1 10 e United. Pictures — 1 1 9 0 Humo Pipe (10s paid) 0 11 0 —■ Electro. Zinc (rights) 0 8 G 0 9 0 MINING— Waihi 1 8 0 1 9 0 Mt. Lyell (cum div.) _.. — 1 2 9 Waihi Grand Junction 0 4 6 —