COMMERCE AND MINING

New Zealand Times, Volume XLVI, Issue 10688, 7 September 1920, Page 10

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE. YESTESDAY'S QUOTATIONS.

*Cum rights. \ QUOTATIONS ELSEWHERE. TEB TBES3 ASSOCIATION. AUCKLAND. September C. ; Sale registered:—Now Zealand -Be- - frigerating,'46s Gd.. ■ t DUN-t/DIN, September 6. i Sales on 'Change s—Goldabvoush. Mort. 46s 3d. Sale reported: Goldsbrougb. Wort; 47s 6d. .;_ ■ \ - , CONSOLS. '-". : "'\ I « LOVDON- September 3. Following are latest quotations for Inu i perial and Colonial GoTernment securiThiswk. Lastwk. £, a. d. J& b. d.

' LONDON WOOL" SALES. BANK OP KSW ZgAT.ANT/S CABLE. The Bant of New Zealand has received th-; following advice from its London (iffice, under date 3rd inst.:—"The max- ' ket .has closed with good demand for fins crossbreds. other crossbreds being neglected. Prices .for super merinos are • a per cent, higher with the opening of this series Current prices are as follow:'—..Super merino,' 60-64's, super average condition, 42d .to 48d; inferior merinos. 60-64's. common average condition, 3Qd to 3id; half or quarterbred. 56's, average condition, 38d to;46d: fine crossbred, .50*8. average condition, SOd to 34d; medium orossbred, 44-4&*s. average condition, 17id to 20£d; coarse crossbred, 3Wtffl, average condition. laid V) 16id." . ■ -•; , , : ;;. \ - "CLOSED ITEM." V.' ",? -J "■ Messrs Levin and Co, Ltd.. have reteived tbe following cable from London, dated September 4th, 1920:—"The wool sales closed firm. yino merinos showed 2d .per lb advance on previous' sales, superior crossbred 3 2|d per lb dearer, medium crossbreds "unchanged, " coarse crossbreds neglected, fine fihpes . and scoureds unchanged, medium 2d per lb cheaper." "SMALL DEMAND." ' The New Zealand Loan and Mercantile Agency Company, Limited, have received the following 'cablegram irom tiieir London, house.under date 3rd instant: —"Wool- sales have, closed. Super fine merino 19 7i per cent, and fine crossbred 5 per cent, higher. There is a small demand. Other descriptions socjinally unchanged." j ADVANCE AND DECLINE. Messrs Hurray. Koberts. and Co., Ltd.. .have received the following cablogram from their London agents, MessTS Sanderson, Murray and Co.. under date 3rd instant:—"Sales have closed. - Greasy merino, fine, advanced 5 per oent., crossbred, greasy, fine advanced par to 5 per cent, crossbred scoured medium declined 6 per cent, siipe medium crossbred declined 5 per cent. Eor all other descriptions of wool iriarkej; shows no change." "CONTINENTAL BUYEBS ACTIVE." Messrs Dalgetyand Company, limited, report having received - the following cablegram trom their London omce, under date of 3rd instant:—"Wool sales closed, fairly maintained. 84 431 bales were offered and about 70.800 sold. English spinners and Continental buyers have been active, but the price is too high for Bradford topmakers. As compared with last sale's closing lates merino fine greasy wools were 74 per cent. to ( 10 per cent, hieher, fine scoured merino wools 7j per cent, to 10 per cent, higher, also good 60-64's merino "wools of other descriptions unchanged. Superior crossbred wools, fine quality. freasy 5 per cent, higher, average crossred wools, fine quality, greasy par to 5 per cent, higher. Crossbred wools. , medium quality, greasv unchanged, crossbred wools, coarse, greasy were neglected, slipe and scoured crossbred wools, fine quality, unchanged. Crossbred, wools, medium quality, scoured 5 per cent. IoA-er, and crossbred wool*, coarse, scoured, were neglected. The September series have been fixed to open on 21st, with limit of 130,000 bal*s. THE HOME MARKETS. HIGH COMMiisbIONEE'S CABLE. ! Tbe Department of Agriculture has re- .''' joivod tLo following cablegram, dated lth instant, from tue Jiigh Commission-j er lor New Zealand, London:— "Meat.—Market very quiet. Beef snppiats exceeded demand. ; Closing quotations were. Beef 1» 4id, mutUna.ls 9Jd, lamb. Is Itkl. Imported unchanged. "Butter.—Market qiyot, but firm. Irish quoted at -feil li» to £22., and prices are likely to udvanct;, which will lead to lesser demand. Average price English is JE2I 9s. "Cheese. —Better demand for English, principally for lower grades. ■ tinest farming quoted at £o 16s to £Q 6s. Canadian spot, market firmer; white JSI 183 to JEB 2s; coloured 2s more. Quotations, c.i.f., up to -68 6s, but no. transactions reported "Hemp.—Manila market quiet and steady. 'J* grade, May-July to August. October shipments now quoted at -E66

sellers. New Zealand market dull and ; unchanged at last quotations. "Wool —Sales have closed. Good attendance* throughout series, • and comi SSBSSS better. Continental . buyers operating more freely. Demand as chiefly for fine w-001. Low crossbreds neglected and bulk withdrawn. Average current values New -Zealand wools, 60-64 s, -s 10d to 33 8d; 50-56's, 2s 6d to 3s 4d; 48% 2s to 2s 2d; 44'8-46's, Is 7d. to Is 10d; 36's-40's, Is 4d to Is 6d nominal. STOCK SALES. Freeman R. Jackson and Co., Ltd., reP °At'"Baetihi sale on Friday, 21st ult we varded 2500 < sheep and 1000 .head ot cattle. Tie weather was very boisterous, but we feport- a very successful sale, the wKoleof the sheep betnjr sow under the hammer, and only a , c ;° u P[ a of pens of cattle turned out unsold. VVe quete: Goodl hoggets 27s Id to 295; medium hoggets, 25s to 26s Od; cull do., 13s 4d to 14s 7d; backward aged ewes in lamb, 17s 9d. . Cattle.—Mixed yearlings, £2 2s; 2-year steers, £b 4s; 2-year heifers, in calf, .£6 2s; cows in calf, £t 12s ±o £9 129 6d; springing dairy cows, £l2 10s to £ls; medium do.; £9 15s to £l2; backward carvers, £8 15s to £9 12s 6d. , . ; At Wanganui on the Ist instant we yarded 150 head of cattle, 3500 shoep, and 63 pigs. Prioea were much on a. par with recent sales. Store lines of sheep were inclined to be dull. Fats in good demand. The bulk of the cattle sold at satisfactory values. Pigs sold in vendors' favour. We quote:—Best hoggets. 27s 6d to 28s; fair hoggets, 24s 6d to 275; small do., 21s; fat ewes, 28? to 31s; prime fat wethers, £2 7s to £'!■ 7s 6d; light fat wethers, 395; forward ewes, 22s 6d to 22s M. Cattle.—i'at cows £ll to £ls: store cows, «£6 16s to £7; old cows, £i 8s 6d; yearling heifers, .63 10s to £& 17s; 2-ycar heifers, .£6 109, yearling steers, £i its Od; springing heifers, £1 10s to'XlO ss. Pigs.—Best porkers, £i 5s to £\ 8s; fair porkers, JZ2 16s to • jß3' 7s; weaners, 2Ss 6<l to 23s '6d; good slips, 355; stores, £'i to £3 Vie, I '. WELLINGTON CUSTOMS. The Customs revenue received at Wellington yesterday totalled X"9110 9s 6d.

Bayers. Sellers. £ 6.' d. £ s.-d.. Mining0 7 6 1 14 0 0 10 i . J War loans— 93 7 C Inscribe*! • citocfc (1939) — Inscribed* Stock (193S) — 93 7 6 Investments — 6 12 0 34 15 0 27 17 6 Bank of IS T .b.-.V 31 0 0 "Hank of H.'A — 13 13 6 Goldsbrough Mort. ... *a 6 6 Wn. Bep. anil ilort. 0 8 9 1 11 0 9 17 6 Sth. Brit. Insurance... H.'A. Koirigoratine • 1 »4 0 . & 7 6 ' Wn. Meat Export - Huddart-Parker .......' 4 7 a 16 6 3 2 17 0 Wn. Woollen Ipret.) 7 5 0 111 0 'Westport-Stockton 0 9 0 0 16 0 1 15 3 1 14 0 Miscellaneous — Colonial Stigar (Aus.) 26 5 0 *27 0 0 2 7 0 3 5 9 "Wairarapa. Farmers ' — 10 9 15 0 —

6i p.c. Imp. Consols... 5* p.cl Aus. Gomm. ... 15 15 0 ■lb & u 84 15 81 15 0 0 61 17 81 17 6 6 96 15 0 96 15 0 £j Ai:s. Comm. ... 96 10 0 95 12 6 75 15 0 -75 10 0 Si p.o, N.S. Wales ... €2 15 0 63 15 0 s'p.c? N.S. Wales €0 10' 0 60 10 0 89 15 0 100 0 0 3J xi.'c. Vict. (1929-49)... S3 10 0 S3 10 0 Si p.c. Vict. .(1921-6) ... 58 5 0 58 2 6 61 15 0 62 0 0 Si p.c. South Aus. — 67 0 0 63 17 6 49 15 0 49 2 6 4 p.c.- Queensland ...*... 87 0 0 87 7 6 6i p.c. Q'nl'nd (1922-47) &i 0 0 84 0 0 3} p.c Q'nl'nd (1830-50> 94 0 0 94 0 ■0 54 2 6. 54 10 0 4 p.o. Kew Zealand... 6415 0 84 10 0SJ jp.o.- New Zeaiand... 67 5 0 67 7 6 8 p.c.* New .Zealand ... *7 5 0 58 5 0 Si p.p. Weot Aust, ... TO 15 0 70 15 0 68 0 0 63 5 0 65 ,5 0 67 0 0 61 5 0 6110 0