COMMERCE AND MINING

New Zealand Times, Volume XLIX, Issue 11246, 26 June 1922, Page 12

COMMERCE AND MINING

THE STOCK EXCHANGE i MARKET REMAINS QUIET. _\o SALHS KBrOKTED Saturday's call <ju A >li‘'\ve(l til** marix-fi to 1.0 eMwdinfciy 4‘iud. lUiyord won l pr<‘iKi: «'tl to pay .£97 l->s for In- j tra'i.uiatu. Now Zea lands, Nutioiuvls (new issuo', ami Unions remained in demand ttt reeeut rate-. Tor lust- ribed Stock maturing in liS and *33. toilers woto tviliing to accent LtH, aiul for Inscribed, Stock llu*y would liavc taken Jtlkk t> per cent, Inscribed Stork remained at Allot IDs, and Au«truUiMuus at .CIS. Sol}or-; were asking -c ,-,’U t inrroar.cn on 1 ri-day-’s call in the prices of New Zealainl-s tind l na. 11 '. No tetter* wore rep'orted. WELLINGTON EXCHANGE. S. VT V Hl.) AV • S QLOT A T lONS. (10 »m. Cali ) Buyers Sellers. a; a. d. a: S. <l. MiningWaihi 16 6 16 0

TRANSACTIONS ELSEWHERE PFR TRESS ASSOCIATION. AUCKLAND, June 25. Sales: —Waihi, 26s 9d; Grand Junction. fo 9d. LONDON SHARE MARKET. Australian and N-Z. Cable Association June 25, 5.5 p.m.) LONDON, June 21. Waihi Junction ohare© are quoted at 7». LONDON WOOL SALES STRONG DEMAND FOR MERINOS. Australian and ,NZ. Cable Association June 25. 5.5 p.m.; LONDON’. June 24. At the wool tsales a better selection of merinos met with a strong Home and Continental demand, at fuLl rates. Crossbreds were in fair demand from the Homo trade, at full prices, but there Were some withdrawals owing to the high reserves. LATEST PRICES RULING. Messrs Levin and Co., Ltd., have received the following cable message from their London agents, dated June 23rd, 1922:—“The following prices are current at the sales now closing; Scoured merino, average quality, 3s sd; greasy merino, best, 2s Id; greasy merino, average quality, 1$ 8d; greasy fine haifbreda, 5056’s, 1* sd; greasy fine crossbreds, 48's, 9d; greasy medium crossbreds, 44-46’s, Bd, greasy coarse crossbred, 40-44's, 6|d; greasy low crossbred, 06-40’s, pieces, 6d: bellies 54d; locks, 3^/* Messrs Murray, Roberts and Co. report:—We are to-day in receipt of a cable Jroin our London friends, Messrs Sanderson, Murray, and Elder, Ltd., dated 23rd instant, reading as follows:—“Merino, medium to good, market very firm. Top making, market irregular. Morino pieces scoured, wool suitable for the Continent, firmer. Crossbred fine to very fine, market firm. Crossbred medium and crossbred coarse, market irregular. Wool suitable for spinners, market advanced 5 p£r cent. Crossbred scoured medium jnd crossbred scoured coarse, market Weak, Crossbred pieces scoured suitable for Scotch trade, compared with last London sales' closing rates, advanced 5 per cent." WHEAT CARGOES. Australian and N.Z. Cable Association. (.Received June 25, 5.5 p.m.) LONDON, June 24. Wheat cargoes are firm, in sympathy with American and Argentine cables. Sellers are asking lei advance, but the United Kingdom consumers do not follow. Magdula shipment is quoted at 53a, and the Vice'nzo Forio’s at 51 s 3d. An Australian parcel, on passage, was sold at 62s 6d, anti a parcel at Liverpool, ex Angio-Egyt'tian, at 525. MISCELLANEOUS MARKETS. Australian and N.Z. Cable Association -Received Juno 25, 5.5 p.ra.) LONDON, June 24. Cotton—July shipment, 12.97 d. Jute- Juno and July shipments, ,£36 5s per ton. Hemp—June and August deliveries, *C3I per ton. Rubber—Para, Old per lb; plantation, smoked, 7Jd to 7?d per lb. Copra—June ami August deliveries, £23 15h per ton. Linsqerl 0i1—.£42 10s per ton. Turpentine—ll9s per cwt. FROZEN MEAT. LATEST LONDON OUOTATIONS. Australian and N.Z. Cable Association 'Received June 25. 5.5 p.m.) LONDON, June 24. Frozen meat prices are quoted as follow ; SHEEP. Canterbury, light 7i«l, medium 6jd, heavy 6jd; North Island’s, 6-Jd to 61(1, ew*M aid; Australian, firsts Aid, seconds s!d, ewes SRI; South American, light 6jd, heavy SRI. owes 4Jd; Patagonian, light 5Li. heavy sd. LAMBS. Canterbury. seconds 10|d; Australian, best lOfd; Patagonian, first Did. FROZEN BEEF. New frozen beef. —New Zealand, fore* 2Jd, hindf« H<l; Australian, hinds 4Jd; Argentine, hinds spl: chilled Argentine foreft 4d. hinds 8d; Eruguny. fores 3i*L Linds 7d; otlnsrs uuchunge<l. TALLOW SALES. Mt'-rs A. If. Turnbull advise: —We are in iereijit of a cable fi<im Messrs W. Weddel and C<>., 1.1 d.. Tx>ndon, datwl June 2i d, reading as f<d!ow.-.:—“At tallow am-tions to-dav 2JSO r-a-ks were offered, 2'JfiO were sold. Mutton tallow, fir.-d grade, 40s.'*

FRUIT AND VEGETABLES. TOWNSEND AND PAUL’S REPORT. Messrs Townsend and Paul, Ltd., report as follows:—Weather conditions are still unfavourable, but salee have improved for best grades, os only limited shipments have come to hand. We advise consignments of best grades first cpportunity. The following are quotations for best grades:— Apples—Jonathans, 7« to 9s; Delicious, 12a to 14s; Munroe*. 7«; Lord WoLseleys, 7m to 7m 9d; Dougherty'©, 9s to 12s j Rome Beauty, 7© 6d to 8s 6d; Ballarat©, 7s to 8s; Crowns, 7s; Epos. 5s 6d to 6s; Washington©, 7s to 8s; walnuts, is 2d per lb; pears. Cole© and Nelis. 13s to 14s; Vicar©, 7s; P. Barry, 8s; Easter Beurro, 6s 6<l to 8s; KeifFers, 8s; Poorman oranges. 10s per box; Cape 4s 6(1 per box. Potatoes, 6h 6d to 7s6dper.cwt; lettuce, 7s case; onions, local £lO ton, Melbourne, .£l3 10s; cabbage, good 8s sack; cauliflower©, 25©; marrows, 3s sack; parsnip)©, 6s; carrots, good 6s Gd per sack* spinach. 5* case; pumpkins, 6© to Gs 6u sack. Sales slow. Eggs, fresh 2s. cases Is lOd ; fungus (wanted), Is per lb; butter, separator la 2d lb; poultry, hero 4a Gd to ss, cockerels, heavy Bs, light 5© 6d to 6s; duck©, 9a to 10s; geese, 10s; turkeys, Is per lb. Skins, hides* fat, and tallow at market rates. Dressed pork, 70’s to 100's, 7d per lb, prime 7Jd, choppers 4fcd p® r lb. Tlio New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house, under date 23rd instant:— New Zealand butter. 224 sto 230 s per cwt. Stocks exhausted. Cheese, 96s to 102© per cwt. Small supply. The Custom© revenue received at Wei lington on Saturday totalled £4BOO 15s.

Inscribed Slack __ 91 0 0 Inscribed Stuck. — 91 0 9 Inscribed Stuck viy;sc>; 9* 15 0 98 0 0 6 p.c. Ins. Stuck 101 10 Australasia 12 15 0 13 0 t> National uiew ... 5 12 G —. 0 n 0 2 11 15 6 id 0 0 National" Mortgage vLon* 6 to 13 N.Z. Loan and Mori anu 0 0 80 0 N.Z. Loan and Moreau70 tile ipret'd — 0 0 y.Z. and K. VIate 0 IS 9 — Gas"Wellington lord.) B Wellington Debenture 16 6 Stock * Insurance— 0 0 1 New Zealand 1 3 9 9 3 Transport— Huddart-Parker (orcl.) 2 6 S 2 7 6 Vnion Steam • •• 0 16 11 Coal — 9 9 — lo 3 — Timber— 0 Turingamutu A.... 1 5 9 — Miscellaneous— Dental and Medical ... i 3 0 N.Z. Paper MilU 1 VVairarapa Farmers*' i 16 0 ~ <pret\) 0 Wilson's Ouient 0 17 3 tCuin div.