COMMERCIAL NEWS

Nelson Evening Mail, Volume LXX, 21 September 1936, Page 10

COMMERCIAL NEWS

BUTTER MARKET

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MEAT MARKET

WELLINGTON STOCK EXCHANGE

SATURDAY, 19th SEPTEMBER, 1936,

Morning Call

Buyers Sellers £ a. d. £ 8. d N.Z. GOVT. LOANS—--3 !j% laser. Stock, "la/3/1939-43 ... 101 15 0 3g % laser. Stock, 15/9/193a-4o ... 101 15 0 31% liiscr. Stock, "15/5/1939-52 ... 103 5 0 4% lnscr. Stock, 15/1/1937-40 ... 101 10 0 102 0 0 4% lnscr. Stock,

1 UNOFFICIAL LIST

D. R. Edwards (F. and D. Edwards Ltd.), Sharebroker, Country Member of Wellington Stock Exchange, Trafalgar street. Telephone 208. F. G. Twiss, Sharebroker, Country Member of Wellington Stock Exchange, 100 Trafalgar street Telephone 427. BRITISH UNDERWRITERS (NELSON) Ll’p. SHAREBROKERS AND COMPANY ORGANISERS Fell and Harley’s Buildings, Telephone 939. Hardy Street. Associate Companies in Christchurch, Dunedin, Timaru end Invercargill,

A DECLINE IN PRICES

The . New Zealand Dairy Board, by arrangement with the Primary Products Marketing Department, report as follows for the week ending lltli September (last week’s prices being in parentheses): Butter.—New Zealand salted, 105 s to 106 s (equals approximately 12.45 d f.0.b.) 1109 s to 110 s); unsalted 104 s to 106 s (109 s to 110 s). Deliveries New Zealand, 1835 tons. In store New Zealand, 5533 tons (includes 1679 tons “Port Bowen” and “Tuscan Star.”) Australian

salted 105 s to 106 s (100 s to 109 s); unsalted 103 s to 105 s (109 s to 110 s). Market irregular. Retail prices unchanged. New Zealand Is 2d, Danish Is 3d. Imperial Economic Committee’s estimated stocks of all butters, 1,035,729 boxes (last year 870,948 boxes. Butter market continues weak, closing Is to 2s below exchange price. Australian offering 100 s c.i.f. shipment September, but no buyers. Dutch and Baltic States butters could _ be bought for America on basis 87s c.i.f., but no offers.

Cheese : New Zealand whie 67s to 68s (7.61 d f.0.b.) (last week 68s 6d to 695); coloured 65s 6d to 66s (7.39 d f.0.b.) (last week 675.

Market quiet. New Zealand retail price unchanged Bd. Cheese market quiet, but demand steady with good deliveries. Canadian autumn production excellent, and English make, although decreasing, now higher than last year.

The New Zealand Meat Producers’ Board advises that the following are the approximate average prices realised for the week, based on actual transactions of wholesale quantities of the descriptions of meat mentioned, and are for representative parcels of goods offering during the week, being for business done on the basis of delivered to Smithfield Market, and/or ex London stores : New Zealand sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 48/urider 5/d, 48/56 43d, 57/64 4jd, 65/72 4|d; North Island crossbred wethers and maiden ewes, 48/56 4|d, 57/64 4/d, 65/72 4gd. Ewes, 48/under 4|d,' 48/64 4d, 65/72 3|d. N.Z. lambs.—Canterbury, 36/under 7/d, 37/42 7/d, 43/50 6/d. Canterbury second quality, average about 31 7d. Other South Island, 36/under 7/d, 37/42 7/d, 43/50 6/d North? Island downs, 36/under 7gd, 37/42 7/d, 43/50 6/d. North Island second quality, average about 30, 7/d. North Island first quality 36/under 7/d. 37/42 7 Ad. Second quality, average about 31 6/d. Australian lambs, Victorian, first quality, 36/under not quoted, 37/42 not quoted. Argentine lambs, first quality, 36/under 6/d, 37/42 6/d. - - ' . • New Zealand frozen beef.—Ox binds 145/210 33d, ox fores 145/210 2|d. Cow hinds and cow fores not quoted. New Zealand chilled beef.—Ox hinds 145/210 5d ; ox fores 145/210. 2d. Argentine chilled beef, ox hinds 145/210 ojjd, ox fores 145/210 2Jd. N.Z. porker pigs, first quality 60/80 6-id, 81/100 6/d, 101/120 6|d, ‘l2l/160 6/d. Lamb market remains firm with prices again slightly higher. Output very good for the time of year. Mutton market.—Wethers firm with prices for lightweights better. Ewes, demand and prices steady. Beef market.-—Frozen beef quiet with prices unchanged. Chilled beef trade glow owing to heavier supplies. New Zealand porker pigs.—Demand is increasing and prices firm. New Zealand baconer pigs.—Quiet, but firm owing to short spot stocks. skins Wellington brokers held their fortnightly sale of sheepskins, hides, tallow, and sundries on Friday, the usual bench of buyers being in attendance. All excellent offering of sheepskins was submitted, and all grades met keen competition. Values for dry skins showed a decline of /d to /d per lb. Insufficient salted skins were offered to make a reliable quotation. . Cow hides again sold well, appreciating by gd in all weights. Medium ox advanced /d, while light and heavies were .firm. All weights of yearlings sold well, mediums advancing up to Jd. Calfskins, which of late have met a weak market, -.firmed by 3d. Tallow was very firm. The range of prices is quoted below: Dry sheepskins: Halfbred, 9/d to 12/d a lb; fine crossbred, 10/d to lid; medium, 10/d;. coarse, 9cl to 9|d; halfwools, 7d to lOd; quarter-wools, 4fd to B§d ; pelts, 4d to 63d. Salted skins: Three-quarter wools, 3s 6d to 7s 4d each. Hides: Ox, 331 bto 441 b6d to ,6|d a lb, 451 bto 521 b sid to 7d, 531 bto 591 b7d to 8/d. 601 b to 691 b 7/d to 8/d, 701 b and over 7jjd to 8/d; cow, 331 bto 391 b sijd to 6 gel, 491 b and over s§d 6/d; kip, 251 b to 321 b 6d to 6/d, 171 b to 241 b 6|d to 8/d; yearling, 111 b to 161 b, 9d to 10|d; calf, 91b to 191 bßd to lOgd, 61b to 81b 111 b to 131 b 4iliserfl4.g ;./d 61b to 81b lid to 13d, lib to 51b llfd to 13d. Tallow: In casks, etc., 20s 6d a cwt; in tins, 12s to 14s. Sundries: Cow tails, 9/d a. lb; horse hair, 20/d.

15/4/1946-49 ... 105 10 4% laser. Stock, 0 — 15/6/1952-55 ... — 4% Bonds, 15/2/ 106 0 0 1943-46 103 7 4% Bonds, 15/6/ \ 6 — 1952-55 — 5% Rural Bonds, 106 0 0 15/9/1947 102 10 OTHER DEBENTURES— 0 — Mortgage Corp. ... 98 0 BANKS— ' 0 — Australasia * 12 0 Comm, of Aust. 0 — (ord.) — Comm. Banking Co. 0 18 5 Sydney 19 2 Eng., Scot., and 6 — Aust. :... — 5 18 0 National of N.Z. ... — 3 1 0 Nat. of A’asia (£10) 14 5 0 14 15 0 New Zealand 1 18 New Zealand D 6 1 19 3 Long Term — 1 9 6 Union of Aust ... 9 9 FINANCIAL— Abraham and Wil0 9 10 6 liams (prof.) — 4 10 0 Equit. Bldg. Co. ... 0 10 Goldsbi'ough, Mort, 3 — and Co 1 13 6 1 14 6 N.Z. Guar. Corp.* — N.Z Invest. Mort. 0 5 8 and Dep — N.Z. Loan and 0 9 3

Merc. (ord. stk.) N.Z. and River 32 0 0 40 0 0 Plate 0 13 9 — .Newton King (pi.) GAS— — 0 8 1 -Christchurch 1 6 0 Wellington (ord.)... 1 18 6 Wellington (pi-ef.) INSURANCE— 1 4 9 — National of N.Z. ... 0 18 3 New Zealand 3 3 0 South British — MEAT PRESERVING— 4 10 0 Gear Meat 0 18 6 N.Z. Refrig. (£1) — 0 19 6 N.Z. Refrig. (10s)... 0 9 2 Southland TRANSPORT— Huddart - Parker 3 16 0

(pref.) f 3 6 3 Union Steam (pf.) WOOLLEN— 1 6 4 — Bond’s Hosiery ... — 0 19 3 Oamaru 1 1 0 Prestige, N.Z. (pf.) 1 4 0 Wellington (ord.)... — 6 7 0 Wellington (pref.) COAL— Westport-Stockton 6 7 0 (pref.) — 0 3 0 Renown TIMBER— — 0 14 0 Leyland-O’Brien ... 1 1 9 1 3 0 National 0 13 6 0 14 6 Taringamutu 0 11 6 — Taupo Totara (ord.) BREWERIES— — 0 10 3 Dominion 1 11 0 — N.Z. Breweries ... — 2 13 0 Staples and Co. ... MISCELLANEOUS— 2 16 0 2 16 4 Anthony Hordern — 0 18 7 Aust. Class British Tobacco — 4 14 0

(Aust.) * 2 3 0 2 3 2 Broken Hill Pty. Broken Hill Pty. 3 15 6 3 16 2 (contvib.) 2 16 0 2 17 0 Colonial Sugar ... Consol. Brick and — 43 5 0 Pipe 0 9 5 0 9 8 Dominion Fert. — 1 4 9 Dunlop-Perdriau * 0 18 1 ■0 18 2 Electro. Zinc (ord.) Electro. Zinc (8% 2 3 3 2 4 0 part pref.) 2 4 6 2 5 3 General Industries G. J. Coles (cum — 0 19 6 rights div.) 4 1 0 4 1 6 Hume Pipe * 0 19 7 0 19 10 N.Z. Drug * 3 15 0 — N.Z. Newspapers 1 19 0 — N.Z. Paper Mills... 1 6 3 — Taranaki Oil Woolworths, Ltd. 0 1 1 0 1 6 (2nd pref.) MINING— — 1 6 0 Argo 0. 1 11 Big River 0 2 0 Gillespie’s Beach... — 0 1 n King Solomon — 0 1 6 Maori Gully 0 0 7 — Mossy Creek ...... — 0 1 6 Nernona * AUSTRALIAN— — 0 1 9 Mount Lyell 1 9 3 1 9 7 Mount Morgan ... 0 12 6 0 12 7

Buyers. Sellers. £ s. d. £ b. d. Woolworths, Ltd. — 5 9 0 Woolworths, (W.A.), Ltd — 5 16 0 Dominion Life (6s paid) — 0 7 0 Shillings, Ltd. (17s 6d paid) 0 16 9 Tiproff Seal Cap... — 2 0 3 John Fuller and Sons Debs — 82 0 0 McDuffs, Ltd. (pf.) — 1 2 0