SMITHFIELD MARKET

Press, Volume XCVIII, Issue 28936, 2 July 1959, Page 15

SMITHFIELD MARKET

Lamb Prices Weaken Holders of stocks of lamb in the United Kingdom have been pushing sales ip anticipation oi future heavy arrivals, according to the London office of the Bank of New Zealand, in a cablegram received in Wellington on Monday. The market has become wekker and prices have easec fractionally, the bank says. English lambs are more plentiful *nc the heat wave has caused th< beef market to weaken. Quotations for the week endec Tuesday, according to the Im ported Meat Trade Association': price list, are as follows; The Imported Meat Trade Association's quotations for New Zealanc meat (ex hooks. Smithfield! in the week ended June 39, with the variation since the previous week, were as follows: Sheep Var’n. „ d per lb d per II Crossbred Wether, __ Maiden Ewes—

UH THE TEMPERATURE LOWER THE COST... with the POWERFUL "ZIP" KEROSENE RADIATOR COMMERCIAL Company New, SMITHFIELD Insurance And Woollen Shares In Demand 1 .The volume of business recorded by the Christchurch Stock Exchange yesterday was sharply reduced but prices were well maintained. New Zealand Insurance and South British Insurance shares both recorded gains over previous local business in sales at 72s and 76s 3d respectively. Tekau Knitwear made a good gain to sell at 30s, their top price for the year. Commercial Bank of Australia, Coulls, Somerville, Wilkie, and E.Z. Industries were also firmer. Other shares were traded at unchanged ; values. LCJANX SALES MARKET UP Lamb Prices Steady Interim Weaken Holders of stocks, of lamb in UlVIUCIMl the United, Kingdom. have been pushing saiesin anticipation ,oi (N.Z. Press Association—Copyright) future heavy arrivals, according MELBOURNE, July 1. of th ®. P ant ’ Imperial Chemical Industries of ° ea w*ir 1 8 cablegram Australia and New Zealand, Ltd., Wellington °“ Mon ‘ increased sales and gross trading The , mar^et h as become profit for the six months to n nd 4K pr u es u have ease<3 March 31, compared with the h corresponding period of last year. lambs are more plentiful *n< However, this increase was offset ? e heat wave has caused tht to a considerable extent by an market to weaken. increase in trading expenses. Quotations for the week ended Directors say this in today’s Tue ?” 1 ay i < according to the Im interim report. -■ ported Meat Trade Association’s A steady 3% per cent, interim price list, are as follows;— divided on ordinary shares, The Imported Meat Trade Assort equivalent to 8.4d a £ 1 stock ation’s quotations for New* Zealand unit, is payable on September meat (ex hooks, Smithfield) in th« 1. Books’ close July 31. , v^k ended June 30, with the varia Full payout last year was 9 PreV ‘° US Week ’ wer< per cent., including a final dividend of 5% per cent. ! ‘ nee, ’ Var’n. „ d per lb d per It ..... _ __ . _ Crossbred Wether, GILLMAN PROFIT ... DECLINES gffi +| 65-721b .J1M .. 11 N.C. Packaging Firm’s ew«_ Under 481b .. .. 9-9J N.C. - Year • w-ssib .. « n.c. 1Car 57.641b ..71 N.C. 65-721V .. .. 7 . N.C. N.Z. SHARE TRANSACTIONS ■eiIxSI tutlKldlGilUKVli £ s. d. Var’n. SALES ON ’CHANGE 116 Balling Br., ! . c d. .. 1 13 0 N.C. 100 N.Z. Ins., c.d. 3 12 0 4-3d 100 Tekau 1 10 0 4-V* loo Beatha 1 12 3 N.C. 117 Hay’s .. 12 3 N.C. 100 KJ*. Drugs ... 4 0 6 N.C. 100 Waltons 0 14 6 N.C. i• BALES REPORTED 1 £360u 3 p.c.. 63-65* 92 0 0 — 150 C.B.A. .. 0 17 2 +7d 1 100 E, S., and A. OVERSEAS EXCHANGES , SYDNEY Key industrials and Commonwealth loans were firm on the Sydney Stock Exchange yesterday. Metals and oils were irregular. Textiles were easier, while uraniums were steady. Sales.—Com. Sydney. £22 15s; Nat., 20s pd„ 37s 3d; Tooth, 58s 6d; A.C.I., 8d; Brad. Cott, 39s 6d; Br. Tob.. JS* ® H P - 57» 6d, and 10s pd., Ms 8d; Clyde Ind.. 16s 6d; C.S.R., £35 10s; D. Jones. 60s; Drug H., 43s; Dunlop. 42s 9d; Email, 10s Id; Feltex. MS; Gen. Ind., 21s IJd; G. J. Coles, 19s 9d; H. Jones. 59s; I.C.I., 63s 3d; Morts Dock, 8s 6d; Waltons, 16s 7id; W combe, 29s 6d; Wool worths, 186; Mt. Isa, 50s; Ampol Pet. x.d., 20s 9d; Assoc. Oil, Is 6d; Assoc. Freney, Is 3d; Freney, Is 3d; Oil Search, 6b 6d, and new, 6s 5d; Peko, 6s lOd; Com. Mining, 9s; Timor. 6s 3d. and • POWERFUL • SAFE • RELIABLE Bank 1 11* 3 - 100 Wgtn. Gas .. 119 N.C. 100 Sth. Br. Ins. 3 16 3 +3d 700 Nat. Mort. B, 3 ... .. 0 7 1 N.C. 400 Tu. Woo] .. 16 6 N.C. 200 Bear. Ser., 2 2 2 0 N.C. : 100 Br. Ewing* ,. 0 13 0 — 120 Coulls Som. 2 5 6 4-6d 300 E.Z. Ind .. 0 16 3 +3d 100 K.P. Drugs* 4 0 6 N.C. (New Zealana Press Association) AUCKLAND, July 1. e , n Canterbury Lamb Net profit of Gillman Packag- under* 28ib~ ai 21 ing, Ltd., Auckland, cardboard 29-36ib .: Z 204 21 Zi box and carton manufacturers. 37-421b .. .. 20j -4 declined by £2300 to £13,743 in 43-50lb .. ..20 N.C. the year ended March 31. Seconds— The result is equal to an 281b • • • •