FARMING & COMMERCIAL

Dominion, Volume 16, Issue 179, 17 April 1923, Page 10

FARMING & COMMERCIAL

news and notes

AUCTION SALES FORTHCOMING FIXTURES. TO-DAY. Dunedin—Smith's Oamaru Clydesdale stuu sale. 13 Talavera Terrace, Wellington, 10-30 a.m. —Furniture sale (Johnston and CoLevin Yards, 12 noon —Stock tale. 172 Ohiro Hoad, Brooklyn, 1-30 p.m.— Furniture sale (Johnston and Co.). 78 Dambton Quay, Wellington, 1.30 p.m. sale (C. W. Price and Co.). Featherston Street. Wellington, 2 p.m.— Sale of sheep dip (J. IL Bethune and Co.). TO-MORROW. Courtenay Place, Wellington, 10 a.m.—Sale of shop fittings (Johnston and. Co.). Dominion Avenue, Wellington, 10.30 a.m—Sale of Electrical goods (Vine and Wilson). Kuku. Ohan, 12 noon—Sale of stock and implements (Abr.a'ham and Williams). Pipitea Point. Wellington, 2 p.m—Sale of motor lorries, ears, and cycles (B. Johnston and Co.). , Johnsonville Yards, 2 p.m.—Stock sale. Dominion Avenue, Wellington, 1.30 p.m. •—Property sale (Vino and Wilson). THURSDAY. Waikouaiti—Birtle’s Palmerston Clydesdale stud- sale. , Hastings, 12.30 p.m.—Sale of contracting plant (I-1.8. Farmers). Karon, Wellington, 1 p.m.—Furniture sale (Johnston and Ck>.). Lipper Hutt Yards, 1 p.m.—Stock sale. Waikanno Yards, 1 p.m—Stock rale. Lower Hutt, 1 p.m.—Stock sale (A. B. Carver and Co.). 111 Manners Street, Wellington, 1.30 p.m. —Furniture sale (N. Jaggar).

FAMINGJNTERESTS WOOL MARKET KEEN COMPETITION AT SYDNEY SALES. (Rec. April 17, 0.10 a.m ) Sydney, April 16. The wool sales were continued today. Competition was keen and late rates were maintained. —Press Assn. COMMERCIAL ITEMS WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES At the morning call yesterday a sale of New Zealand Insurance shares at £1 Bs. 9d. was reported. At the afternoon call sales were reported of National Bank shares at £6 13s. 6d., Huddart-Parker ordinary shares at £2 Is., and sales were made on ’Change of Bank of New Zealand shares at £2 18s. 9d. (two sales), and Union Bank shares at £l4 Bs. Giltedged securities were firm, buyers offering £97 ss. for the 4J per cents., £97 10s. for the 5 per cents., and £lOO 10s. for the 5J per cents. Bank shares were very firm. National Bank shares rose 6d. to £6 12s. 6d., hut buyers would probably give more. Bank of New South Wales Shares were 2s. 6d. dearer ht.i,£37 17s. 6d., Bank of New Zealand shares were up 6d. at ”£2 18s. 9d., and Union Bank shares were in demand at £l4 7s. Gas shares were steady with a rising tendency. Wellington Gas, £lO paid, were 2s. higher at £ll 15s. Insurance shares were in strong demand. National Insurance shares were 3d. higher at £3 16s. 6d., New Zealand and South British Insurance shares were unchanged. Standard Insurance were a shade easier at £1 15s. Gear meat shares were demand at £2 4s. Coal shares were

firm, and there were buyers of Taupiri Coal at 20s. 9d., Westport Coal at 38s. 3d., and Waipa Coal at 17s. Crown Brewery shares were 6d. higher at £2 2s. 6d., and New Zealand Drug shares were 3d. higher at £3 os. 3d. Wilson’s Cement shares were very firm at 255. 6d. Yesterday’s buying and selling quotations were as follow:—

BUTTER AND CHEESE FURTHER FALL IN PRICES Private cable messages received yesterday showed a further fall in the quotations Tor both butter and cheese. Butler was quoted at 168s.whito cheese nt 1205., and at 1225. The High Commissioner’s quotations are higher, but both tho official and private messages indicate that the market is weaker. Butter at 168 s. is back to the price it stood at on December 7, when there was a slump. There is not the same chance now as there was then for a speedy recovery for European supplies arc available in quantity, which was not the case in December. Tho drop in cheese is probably due to Canadian supplies reaching the market together with some from the Continent, and perhaps some from the United States. A certain quantity of butter has been sold for shipment to Australia, and perhaps further shipments will bo made, but much will depend upon tho price and the climatic conditions in Australia.

AUCKLAND STOCK EXCHANGE

BY TBLEGBAPH—PBEBS ASSOCIATION. Auckland. April 16. Glaring quotations on the Stock Exchange to-day were as under:— Thivnra Roll oris

Buyers. £ s. d. Seilers. £ >. d. WAR LOANS44 p.c. Insc. Stock, 193! 97 5 0 —. 44 p.c. Insc. Stock, 193t 97 5 0 —— 54 n.c. Insc. Stock, 1933 100 10 0 44 n.c. War Bonds. 1941 97 5 0 4A p.c. War Bonds, 193S 97 5 0 — 44 p.c. War Bonds, 1938 97 5 0 —• 44 n.c. War Bonds, 193C 97 5 0 54 n.c. War Bonds, 1933 100 10 0 —• 5 p.c. P.O. Bonds, 1927 97 10 0 5 p.c. P.O. Insc. Stock. 1929 — 97 12 6 5 p.c. P.O. Insc. Stock, 1927 97 10 0 BANKS— Australasia — 13 15 0 National 6 12 6 6 14 0 New South Wales 37 17 6 — New Zealand 2 IB 9 2 19 6 14 7 0 14 t 0 FINANCIAL- . Abraham and Williams 4 5 0 , Wellington Invest — 0 10 0 Well. Trust, Loan 5 14 0 ■ w GAS— Auckland (paid) — 1 5 9 Gisborne 0 12 9 —— Wellington (£10) 11 15 0 — Ditto (pref.) 0 17 0 —— Ditto Deb. Stock ... 105 5 0 — INSURANCE— National 3 16 6 New Zealand 1 8 6 —- 117 9 1 18 6 Standard 15 0 MEAT FREEZING— Gear 2 4 0 Well. Meat Exp. (£5) ... —— 4 12 0 Ditto (£3 IZs. 6d.) —• 3 0 6 TRANSPORT— Huddart-Parker (ord.) — 2 16 Ditto (pref.) 0 19 9 — Union Steam (pref.) .. 10 0 WOOLLEN— Kaiapoi (ord.) — 1 4 0 Wellington (ord.) — 9 2 6 COAL— Taupiri (ord.) 10 9 — Westport 1 18 3 — Waipa 0 17 0 TIMBER-Leyland-O'Brien 1 16 6 — MISCELLANEOUSCrown Brewery 2 2 6 •M. Den. and Med. Supply 1 3 0 — Newton King (pref.) ... 0 16 6 10 0 N.Z. Drug 3 0 3 — Ward and Co —— 1 17 3 1 2 U Wilson’s Cement 15 1 16 0 W. M. Bannatyne and Oo 1 fl 6 Well. Rue. Club Deb.... — 109 0 0

Buyers. £ a. d. Sellers. £ fl. d. BANKSAustralasia . 13 5 0 . 1 17 0 1 18 0 . 6 12 0 New South Wales .... . 37 15 0 — . 2 19 3 2 19 9 . 14 7 6 14 10 0 INSURANCE3 16 o New Zealand 18 6 19 0 South British 1 17 9 — Standard 1 15 0 VTNANCls— 12 2 o Goldsbrouirh Mort 2 4 3 —- N.Z. and River Plate 113 —- Loan and Mercantile.. — 89 0 0 Ditto (pref.) . 75 0 0 — COALHikuramri 0 13 o —— .10 6 110 ‘ 18 0 GAS—' — 15 6 1 5 9 16 0 0 13 0 SHIPPING— Devonport Ferry .15 3 —« Huddart-Parker. .210 2 16 Northern Steam . 0 14 0 0 14 3 .069 0 7 0 P. and O 315 0 0 ’TIMBER— a ti r i — 1 7 3 T »eylnnd-O’Brien . » 16 0 WOOLLEN— 14 0 Ditto (10’. paid) —♦ 0 11 9 MTSOELANEOUSAbraham and Williams — 17 6 Auckland Trams .... .12 3 — Ditto (pref.) . 0 19 0 Bycroft .10 9 — - Ruirar. Australia . 43 0 0 Gear Meat .200 —— New Zealand Drug .... . 219 6 •— Milne and Choyce Deb. — 13 3 Newton Kins (prof.) .. 0 17 3 New Zealand Express.. — 0 16 6 Ditto (pref.) 0 14 6 —— Home Builders — 0 14 6 Milk Products 1 7 u N.Z. Refriir. (oon.) — 0 14 0 Wilson's Cement 15 6 16 0 mining— Monnata.in.ri 0 2 10 0 3 6 Komata Reefs — 0 0 3 Mulr’m Reefs — 17 6 New Waiotohi 0 0 8 Wai hi 1 6 10 1 7. a Grand Junction 0 7 6 0 7 8 DEBENTURESAuckland Gas. 1932 .. — 92 0 0 Ditto. 1928 102 0 0 — Auckland Harbour Board 51 ner cent - - - 99 0 0 Ditto, 6 per cent. .. —- 105 0 0 Ditto 41 ner cent. . —- 9410 0 Ci tv of Auckland. 1943 99 0 0 — Ditto. 1936 ■ 97 10 0 Ditto, 1929 93 0 0 98 6 0 Gisborne Sheenfarmorn 100 0 0 Macky. Logan 1(4 0 0 — Mt. Edon Boronerh —— 105 0 0 Farmers’ Union Tro/ . 93 0 0 GOVT. BONDS— War Loan. 1930 . 97 5 0 Ditt.o. 1958 . 97 5 0 97 12 6 Ditto. 1939 . 97 5 0 Ditto. 1927 . 97 10 0 —— N.Z. Inscribed. 1927 . . 97 7 6 — Ditto. 1929 ——• 97 10 0 Ditto 1938 . 97 5 n 07 12 6 Soldiys' Bonds 101 12 6 100 5 0 Inscribed. 1933 100 15 0 —.