FARM & COMMERCIAL

Dominion, Volume 19, Issue 58, 1 December 1924, Page 12

FARM & COMMERCIAL

NEWS AND NOTES

AUCTION SALES TO-DAY. Sales will be held at:— Greytown, 1 p.m.—Sale of 383 on a/c estate late 1. Kempton (Dal gety and Co., Ltd.). 80 Lambton Quay, 11 a.m.—Salo of unredeemed pledges (El W. Price and Co.). Shannon. 1 p.m.—Stock sale. S Willeston Street, Wellington, I.J) p.m.—Sale of new furniture (L. Johnston and Co.). 78 Overton Terrace. Wellington, 1.30 p.m.—Salo of furniture (L- Johnston and Co.). TO-MORROW. Levin, 11 a.m.—Sale of goodwill of leasehold property, situate Levin (Abraham and Williams). „ , A 105 Customhouse Quay, Wellington, ...30 p.m.—Sale of building site situate Duncan Terrace, Kilbirnie (S. “Geo. Nathan and Co.). WEDNESDAY. Owhango. 10 a.m.—Salo on a/o Alatai Sawmilling Co. (Dalgrty and Co.). 8 Willeston Street, Wellington, 10.30 a.m.—Sale of wines an 1 spirits, ex Queen’s Bondi, also Pochard ear and Kissel and Napier trucks (E. Johnston and Co.). FARMING INTERESTS FROZEN MEAT LATEST QUOTATIONS. Rec. Novembe” .30, 5.5 p.m.) London, November 28. Following are the latest quotations for frozen and chilled meats :— Lambs. Australian, firsts, Victorian, 131 d. per lb.: others, 13d. Argentine, firsts, medium, Hid Frozen Beef. New Zealand fores, 4|d.; hinds, 5Jd. Australian, crops, 43d.; hinds, Argentine, fores, 45d. Uruguay, fores, 4|d. V Chilled Beef. Argentine, fores, 4Jd.; hinds, 6?d. Uruguay, fores, hinds, 53d Other descriptions of meat are unchanged in price.—Aus.-N.Z. Cable Assn.

The Now Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London house under daf’e November 28:—New Zealand frozen meat: Quotations unchanged, market firm. Last quotations, 21/11/24: Lamb, 13Id. per lb. (average): mutton, wether and maiden ewes, light. 9d. per 1b.,, heavy. 8)<1. per lb.; ewe, light, 7Jd. per lb., heavy, 7d. per lb. Messrs. M. A. Eliott, Ltd., have received cabled advice from Messrs. Gilbert Anderson and Co., Ltd., London, of the following Smithfield prices for the week ending November 28. These prices are on the "delivered” basis, that is, including storage charges, cartage, Best North Island prize crossbred lambs, up to 421 b., 13Jd.; ordinary North Island lambs, up to 421 b., 131(1.; ordinary North Island lambs, second quality, up to 421 b., 123 d.; best North Island wethers and/or maiden ewes, 481 b. ho 561 b., 81d., 561 b." to 641 b.. Bid„ 641 b. to 721 b., BJd.; ordinary North Island wethers and/ or maiden ewes, 481 b. to 561 b.. B|d.. 561 b. to 641 b„ 81d., 641 b. to 721 b„ 81d.: North Island ewes, wup to 611 b.. 7Jd. 611 b. to 721 b., 7d.. over ,721 b. Gid.; New Zea-

land prime ox beef (equal fores aud hinds), 1601 b. to 2201 b., sd. Remarks: Lamb, no change; wethers and ewes, par to id. higher; beef, no change. MEAT BOARD ADVICES.

The New Zealand Meat Producers’ Board has received the following cablegram from its London office, dated November 28, advising Smithfield delivered prices at( that date as follow (prices for the two previous weeks are shown in parentheses):— New Zealand wethers and maidens— Canterbury quality, selected brands. sSlb. and under. 9d. (9d. and 81d.), 571 b. to Glib., 9d. (9d. and BJd.), 651 b. to 721 b., 8.1-d. (Sid. and 8d.); other brands, 561 b. and under. BJd. (Bjd. and B§d.) 571 b. to 641 b., 81d. (81d. and B|d.), 651 b. to 721 b„ BJd. (B|d. and 7id.). New Zealand ewes 611 b. and under, 7sd. (7}d. and 7d.). New Zealand Lamb-Canterbury quality, 361 b. and under. 13Jd. (13}d. to 13d.), 371 b. io 421 b.. 13Jd. (131 d. and 13d.), 431 b. to 501 b.. 12id. (12}d. and 121 d.); seconds, 12’d (URL and 12}d.); other brands, firs-; quality, 421 b. mid under, 13d. (13d. and 122 d.). , , New Zealand Beef—Ox fores, 4-gd. (4*d. and ihl.); hinds, s]d. (5Jd. and s}d.); cow, fores, not quoted; cow hinds, not Chilled Beef—Ox fores, 4Jd (sd. and 5d.); ox hinds, 6§d. (<Jd. and '"Argentine Frozen Beef—Ox fores, 4-? d (4Jd. and 4Jd,); ox hinds, 6d. (Gd. and s Frozen Pork —801 b. to 1-jOlb., 9d- (9d. and 9d.); 1201 b. to 1801 b., 81d. (BJd. and Frozen Veal. —4|d. (41d. aud 4Jd.). Messrs. Levin and Co., Ltd., have re-t'-he following cablegram from their London agents, dated November .8: Market quiet. As compared with last week’s quotations prices are unchanged. Trade dull. COMMERCIAL ITEMS WELLINGTON STOCK EXCHANGE SATURDAY’S BUSINESS AND PRICES On Saturday sales were reported of Now Zealand Refrigerating shares (20s. paid) at 235., and Westport Coal nt 345. Only a moderate business was done during the week, but values generally remain very firm except for Government stocks and bonds, which display an easier tone. The 4| per cants sold at £97 10s. and £97 7s. 6d.. with buyers offering £97 55.; the 5 par cent P.O. stock and bonds were in demand at £97 15s. and £97 17s. 6d. Business was done in the 5| per cents at £lOl 7s. Gd.. £lOl 10s., and £lOl 2s. Gd.. with sellers quoting £lOl 10s. Bank shares have been m good demaud and a fair number of sales were registered. Bank of New Zealand shares changed hands at 61s. ana 61s. Gd.. with buvers offering 61s. Bank Of Australasia shares wore in good demand at £l3 35., Bank of New South IVales shares sold at £4l 55., cum dividend, with further buyers at the price. Commercial Bank of Australia ordinary shares sold at 315.. and Cornmercial Bank of Svdnev shares at £22 7s. 6d. Union Bank of Australia, old issue shares were in demand at £l4, and P. and O. Banking Corporation shares were on sale at £l3 10s. New Zealand Breweries’ debentures sold freely at 225., and Milne amd Choyce debentures at 225. Gd. Tliere were sellers of Abraham and Williams ordinary shares at £4 10s., and of Equitable Building shares at £9 8s N.Z. and River Plate shares were in demand at 19s. Goldshrough. Mort, and Co. s shares changed hands at 495. 6d. for the old issue and 48s. 3d. for the new, These shares show an advance. Gas shares continue very slow, and the only transactions recorded during the week were in Auckland Gas shares, which sold at 245. 3d. and 245. 6d. A good many gas companies close their balancing periods . at the ® month, and later on there will he inquiry for the shares. Insurance shares have also been slow. New Zealand Insurance shares changed hands at 305., and there were buyers of South British

Insurance shares at 425. 9d. Tho few meat shares remained steady during the week. N.Z. Refrigerating shares, 20s. paid, sold at 235., and tho shares 10s. paid sold at Ils. 10d., Ils. lid., and Ils. 9d. Wellington Meat Export shares, £3 12s. 6d. paid, were an sale at 355. There' were sales of Hudclart-Parker ordinary shares at 435. 3d. and 435. 9d.; Northern Steam at 16s. 6<L, and Devonport Steam Ferry at ' 255. 3d. Huddart-Parker shares were in demand at 435. Gd. Coal shares were quiet, except Westport Coal shares, which were in demand at 335. iod., with sales at 345. Woollen shares were neglected. Wellington Woollen shares, both ordinary and preference, were. o,n sale at £6 16s. Timber shares have kept very firm, although tow sales were recorded. Kauri Timber shares sold at 30s. 3d., and National Timber shares were in demand at 235. 6d., and Leyland O’Brien Timber shares at 475. 6d. Brewery shares were firm with buyers of Crown Brewery shares at 455. 6d., and Ward and Co. Brewery shares at 51s. 6d. New Zealand Drug shares sold at 635. 6d., cum rights, and the rights were in demand at 3s. 3d. Wilson’s Cement shares sold at, 80s., and United Pictures at 30s. Waira.’apa Farmers’ _prcference shares were in demand at 17s. In the mining section sales were made of Waihi shares at 265. 3d. and 265. 5d., Mount Lyell at 21s. 9d., and Kawarau Goldmining shares at 20s. Tho AVellington Stock Exchange will bo closed to-day, St. Andrew’s Day. Saturday’s buying and selling quota-

SALES IN OTHER CENTRES Bt Telegraph.—Press Association-. Christchurch, November 29. Sales: Whitcombe and Tombs 5J per cent. (1926), £100; Royal Bank (£1 paid), 335. 6d.; Goldsbrough Mort (new), 48s. 6d. Dunedin, November 30. Sales: Bank of. New Zealand, 61s. 6d.: Dominion Rubber. 215.; Kawarau Gold Mining Co., 205.; Union Bank (old issue). £l4. CUSTOMS REVENUE. Customs revenue collected at the port of Wellington on Saturday totalled £2123,.

firms were as follow: — Buyers. Sellers. N.Z. GOVT. LOANS— £ s. d. £ s. d. 4+ p.c. Insc. Stk., 1939 97 5 0 — 41 P.c. ditto, 1938 .... 97 5 0 — M p.c. ditto. 1933 .... — 10110 0 5 p c. P.O. Bonds, 1927 5 p.c. P.O. Insc. Stk., 97 15 0 — 1907 97 17 6 98 0 0 BANKS— Australasia New South Wales 13 3 0 — (cum.) 41 5 0 41 10 0 New Zealand 3 1 0 3 2 0 P. & 0. Banking Corp. Union of Aust, (old 13 10 0 issue, x rights) .... FINANCIAL— 14 0 0 — Abraham and Williams (ord.) —- 4 10 0 Equitable Building .. N.Z. & Biver Plate .. INSURANCE— •— 9 8 0 0 19 0 South British MEAT PRESERVING— 9 , — N.Z. Refrigerat. (£1) —- 1 3 3 Ditto (10s.) Well. Meat Exp. (£3 0 12 0 12s. fid.) —— 1 15 0 TRANSPORT— Huddart-Parker (ord.) WOOLLEN— 2 3 6 — Wellington (ord. and ■ C 16 0 COAL — Westport 1 13 10 1 14 6 TIMBER— 1 3 6 1 4 0 MISCELLANEOUS— Crown Brewery Farmers’ Co-op. Auct. 2 5 0 ford ) 2 19 0 ■1 . Ditto (pref. “B”) ... 0 17 0 Howard Smith - ■ 1 15 0 Newton King (pref.) N.Z. Drug (rights) ... 0 ~S 3 0 18 0 Wairarapa Farmers’ 0 17 (pref.) 0 — 2 11 6 2 12 0 Radiac Metals 2 17 0 Electrolytic Zinc (pref.) 1 7 6 —