COMMERCE AND MINING

New Zealand Times, Volume XLVII, Issue 10965, 29 July 1921, Page 10

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. Prices of investment anil mining stocks ’ yesterday were ns follow :

SALES IN OTHER CENTRES.

DUNEDIN. July 28. Sales on 'Change.—New Zealand. Paper Alula (cum rights;, 21s (id. AUCKLAND. July 28. Sales.—Soldiers' Bonds, A 92 As 6it; Soldiers’ Insert bed, A 92 A* tsi; South British Insurance, Has. LONDON QUOTATIONS. Australian and N.Z. Cable Association. LONDON. July 27. Broken Hills, buyers 40s, sellers 40s 7d. LONDON WOOL SALES. KEEN DEMAND TOR CROSSBREDS. Australian and N.Z. Cable Association. LONDON, July 27. At the mixed wool sales to-day, merinos were very firm at practically equal to opening prices. The Home trade is active. Medium and low crossbreds met with brisker demand, prices being slightly in eellers’ favour. There were some withdrawals of fine crossbreds, owing to high limits. Prices: '"Bexley," lojil to 15d; “Carlingford," lid to UJd; "Moyall,’’ 231 dto 18d; “Carlindie," lljd to lid. SYDNEY WOOL SALES. (Received Jnly 28. 10.15 p.m.) 3y Tclegtapa—l’ress Assn.—-Copyright. SYDNEY. July 28. The second series of wool sales has dbaed. Com pared with the first series nest merinos were slightly lower, and other merinqs realised firm figures, but coarse crossbreds were not in request. AUSTRALIAN PRODUCE.

(Received July 28. 10.15 p.m.) SYDNEY. July 28Oats—Algerian feed, 3s sd; white feed, Ss 9d. Maize—Yellow, 6s 3d; while, 5s 3d. Potatoes—Tasmanian. £4 10? to £7 10s. Onions—Victorian, £4 to £5 10s. ADELAIDE, JiUy 28. Oats—2s 4d to 2s 6d. NEW ZEALAND PRODUCE. PRICES RULING IN. LONDON. The New Zealand Loan and Mercantile Agency Company,' Limited, have received the following cablegram from their London honse under date 27th instant:— Frozen mutton—std to BJd per lb. Frozen lamb—ls lid per lb. Frozen beef —Hindquarters, sjd per 1b; frequari:ers. 3Jd per lb. Market weak. Butter A o change in market for New Zealand (last quotation, 20/7/’2l, £l2 17s per cwt). Cheese No change in market (last quotation, 20/7/’2l, £6 16s per cwt). Tallow—Small demand for fine mutton (last quotations, 20/7/'2l. fine mutton £2 Is per cwt. good beef 232 per cwt, mixed £1 14s per cwt). THE TALLOW MARKET. ' PRICES UNCHANGED. Messrs Dalgety and Co., Ltd., report having received the fallowing cablegram from their London office under date of 27th inst. : "Ta110w.—2475 casks offered, 1175 casks sold. Quiet demand at unchanged prices. ' There will be no public tallow sales next week.”

NORTHERN STOCK MARKET LATEST PRICES RULING. DAIRY CATTLE AND PIGS FIRM. The Farmers’ Co-operative Auctioneering Co., Hamilton, report as under on the northern stock market: Beef.—Has been coming forward in fair quantity, but values nave descended to a lower level than has been reached at this season for a number of years.. Many still have hopes of improvement possible, with good reason, but there seems little to justify the belief that early expectations will be realised. Mutton.—The market is fairly steady, although a downward trend is visible. Ample supplies are forthcoming. Store Cattle. —It may be safely assorted that the enthusiasm which pervaded the store cattle market during the past month or so has departed. This was not unexpected. An early rise, such as was experienced this year, seldom proves of long duration. Grown steers are very little sought after. Forward 'cows aro In fair demand. Two-year steers draw a certain amount of competition, but never reach high values. Empty heifers of the same age are undoubtedly the most attractive class of .stock offering, although there is evidence of a turn in tha tide. At most centres good yearlings, especially heifers, are fancied, and many good sales have been recorded. Store Sheep.—Like cattle, the store sheep market has suffered a relapse. So little can be ascertained regarding the prospects of the coming year that this is not to be wondered at. Dairy Cattle.—The market for dairy stock seems proof against the reverses affecting other classes, and continues its prosperous coarse. Clearing sales show most satisfactory results, the averages being quite equal to those recorded at the same period of last year. Horses.—Although heavy draught »nimals, are not in keen demand, there Is a fair inquiry setting in for the handy anedlutn sorts. Hacic and light harness hordes have not changed. Have made a strong 1 forward movement durin* the past few weeks, and* judging by the email offerings, may be expectttl to maintain their around \\e quote followsßullocks, heavy <P t r ' m ®> -«2 to .£l3 10s, medium JV to .£lO 10s; cows, heavy io* to £V> medium «£5 10s to Ml 10s; cows, forward 223 to 2M 10s: steers. 31-year .£8 to 24-year £4 10s to £6 18-months 23 1 o 224 10»: heifers, 18-months .£4 pis to £6 Ss; cows, store £1 os to £2 5s- heifers r.w.b 21-year (Shorthorn) .£lO to £l3 2-year _£B to 237 15s; calves, best (steers) 231 1-is to .£2 ss; calves, best (heifers) 222 l°s to .£3 ss. medium (mixed) £1 to 10s; dairy cows, best .£ls to £2O second quality .£lO to .£l3; wethers, prime (heavy! 22s to 24s 6d, medium 19s to 21s 6d: ewes, prime 17« to 19s 6d • wethers, forward 4-tooth 16s 6d to 19s! forward 2-tooth 14s to 15s. store 13s 6d" to 16s; ewes, store 7s 6d to 9s, in lamb to B.F. rams 18s to -61, in lamb io

Romney rams 14s to 16s 6d; la tribe, 'at 16s to 2lh 6d, store (shorn) best 9s 6d to 12s 6d. medium 6s to 12s Gd; pigs, baconers £5 to .£7. porkers £2 15s to £4, slips £1 5s to £2 2s 6d, wenners 10s to £1 ss; Horses, heavy draughts £3O to £4O, medium draughts .£22 to £3O. light draughts £l7 to £2l 10s, harness horses £7 to £ls, hacks £4 10s to £9. WELLINGTON CUSTOMS. The Customs revenue received at Wellington yesterday totalled £-1705 »s lid.

Buyers. Sellers. £ d. Ji dMining— — 0 2 0 Talisman 0 0 VVaihi Urami Junction — 0 10 0 Inscribed Stuck (1939) S3 0 0 83 7 6 inset toed Stock (19.(8 S3 0 0 83 10 0 Inscribed Stock (1933) 91 13 0 91 13 0 Was, Bon.N — 83 10 0 War Bunds (193s) S3 0 0 83 10 0 War Bond-* il93o> — 89 10 0 War Bunds >1933) 91 12 6 91 17 6 t’.U. In.--. Stock (1939< — 93 0 0 In vestments— Bunk of Austrulaaui .. si 10 0 — National Bank — to 16 0 Bank of Now Zealand - 8 0 2 8 9 Goltl»broush Mort. 1 10 0 Wellington Oas vord.j — •9 7 6 National Insurance ... 2 18 3 — Hear M :<t 1 12 f> Mnddart Barker lord." 2 5 8 2 6 6 tlikurangi Coal +0 8 6 — We-tr»,it t val — 1 7 0 M i'ceryi'fous — Burn* Philp 1 9 0 — Newton King unef.) ... — 0 17 0 fix div. *C , um div*.