COMMERCE AND MINING

New Zealand Times, Volume L, Issue 11662, 29 October 1923, Page 12

COMMERCE AND MINING

WELLINGTON .EXCHANGE. SATURDAY’S QUOTATIONS. (10 a.m. Call.) Prices of investment and mining stocks on Saturday were as follow: Buyers. Sellers.

Sal© reported—X.Z. Farmers’ Co-op. Bondd, £92. SALES IN OTHER CENTRES. Per Press Association. AUCKLAND, October 27. Sales Union Bank, -£TS; S. E. Max-*-©ll, 17s. CHRISTCHURCH, October 27. Sales reported 4J per cent. Inscribed (1938', J£97 ss; 4£ per cent. Inscribed Bonds, £97 ss; 5£ per cent. Inscribed ' (1933), A!101 10s (two parcels); Wilson's Cement, 28s M. Sales on 'Change:—New Zealand Refrigerating, 12e (three parcels). WAIHI SHARES LONDON QUOTATIONS. Australian and V.Z. Cable Aaaoeiatioa (Received October 28, 5.5 p.m.) LONDON, October 26. Waihi shares are quoted at 26s 9d buyers, 26s lOd sellers; Waihi Junction, 5a buyers, 5s 3d sellers.

HOME MARKETS

DAIRY PRODUCE. Messrs A. H. Turnbull and Co. report: "Wo are in receipt of a cable from Messrs W Weddel and Co., Ltd., dated London, 26th instant, with regard to the dairy produce market, as follows:—Danish butter, 200 sto 2025; New Zealand butter, unsalted 206 s to 208 s, salted 1883 to 1995. Market very quiet. New Zealand white cheese, 108 s. coloured liOs to 02s. Market very quiet." LONDON WOOL SALES PRICES UNCHANGED. Australian, and N.Z Cable AseoHation (Received October 28, 5.5 p.m.) LONDON, October 26. At the wool sales there was a good selection of crossbreds and a poor lot of merinos. Prices are unchanged. Murchison made up to 55£<1, the average beMcesrs Murray, Roberts and Co., Ltd., are. in receipt of a cable from their London agents, dated 26th instant, reading as follows:—''Market continues very firm. Crossbred, fine, par to 5 per cent, advance; crossbred, medium, par to 5 ier cent, advance; crossbred, coarse, advanced 5 per cent.; crossbred, scoured, market shows a hardening tendency." NEW ZEALAND MEAT PIUCES AT SMITHFIELD. The Now Zealand Meat' Producers’ Board has received tho following cable from its London office, dated October 26th, 1923, ad rising Smithfield delivered prices at that date as follows: Prime Canterbury lamb, 29-361 b, 10id per il>; 37-421 b, 10$i per Ib; 43-50 lb, per lb; second quality lambs, lOd per lb; other selected brands of lamb, 29-361 b, l(Hd per lb; 37-421 b, 10£d per lb. Market is quiet but firm. Mutton.—Lightweight wethers, B£d per ib; medium weight wethers, per lb; heavyweight wethers, 7jd per lb; ewes, 6d per lb. Sales slox. Ox b:ef.—Fores, 3£d per lb; per Ib. A further advance is expected in consequence of Argentine. exporters ceasing operations owing to tho Argentine Government having fixed minimum prices. LATEST MEAT PRICES. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house under date of 26th instant: —New Zealand frozen meat, lamb lOid per Jfr (average; mutton, wether and maiden ewe, light aid per Ib, heavy 7RI per Ib; ewe, light s\d per lb, heavy s£d per lb; beef, ox hinds 4-Jr! per lb, fores 2£d per ib, cow hinds Id i>er lb’ fores 2jjd per Ib; market weak. New Zealand dairy produce, butter, choicest salted 186 s to 190 s I r cwt ; cheese, 106 s to 112 s; markets blow. FOZEN MEAT MARKET. Messrs Levin and Co., Ltd., have revived the following cable from their Dmdon agents, dated October 26th, 1923: “Quotation* : —New Zealand prime Canterbury lamb 2H-421b, lOijd; North Island I lamb, 28-12Jb, 10$<1; prime Canterbury • mutton, 56-641 b, 7RI; North Island rout-I ton, 56-GUh, 71d; cues, fH-Gflb. M; Sow' Zealand prime ox beef, 16l;-22»-lh, hinds' o\ K f -res 31,(1.” I Tlnvs* price* arc <\\ -tore. A- compared wilh la-t week’.- quotations North; Island mutton and ewes are fd cheaper, I *ef id dearer.

RABBITSKINB COMPETITION BRISK. Messrs Wright, Stephenson and Co., Ltd., report:— At our sale held last week there was the usual attendance of buyers. Competition was brisk, at prices averaging • about 2d per lb lower than those ruling 1 at last sale. The following is the range of prices: Runners and suckers 12RI to I }6iu, light racks 24d to 27d, summers 1 18$d to 26d, prime racks 27d to 28d, early autumn 34d to 37d, late autumn 29£d to 40d, incoming winters 36d to 50Jd, early winter 481 d to 50£d, prime winter bucks 68d to 76d, prime winter does 70Jd to 84d, first winter bucks 62$d to 73*d first winter does 62d to 70*d, spotted winters 31id to 44d, first winter black 48d to 66d, second winter bucks to 65id, winter fawn to 63d, outgoing 3Sd to 42*d, hareekins 18d to 23d, horsehair 23d to 26d. FROZEN MEAT LATEST LONDON QUOTATIONS. Australian and N-Z. Cable Association (Received October 28, 5.5 p.m.) LONDON, October 27. SHEEP. North Island, light 7|d, medium. 71d, heavy 7sd; ewes, 5Jd; Australian firsts, s|d, seconds s£d; Argentine, firsts, light 6id, heavy SRI; ewes, std. Patagonian offering. LAMBS. Canterbury, heavy 9£d; no Australian offering; Argentine, firbts, medium B±d. FROZEN BEEF. New Zealand, fores 3id, hin<ls 4|d; Australian, croyps 3|d, hinds 4fol; Argentine, tores 3sd, hinds ssd: Uruguayan, fores 3Jd, hinds 4-Jd; chilled Argentine, foree aid, hinds 6d; Uruguayan, fores 34d, hinds od. Other meat prices unchanged. MISCELLANEOUS MARKETS Australian and N.Z. Cable Association (Received October 28, 5.5 p.m.) LONDON, October 27. Cotton —Liverpool quotation, American middling upland, November delivery, 17.62 d per lb. Rubber—Fine hard Para, 12id per lb; plantation first latex crepe, 13£d tol3fd; smoked ribbed sheet, 13£d to 13Jd. Jute—New Indian native, first marks, November-December shipment, jC2X 15s per ton. Copra—South Sea, bagged, OctoberDecember shipment, «£26 per ton. Linseed oil, <£4l 5s per ton, equal to 3s 3 3-5 d per gallon. Turpentine, 75s 6d per cwt, equal to 5e 6 2-3 d per gallon. ST. JOHN'S AMBULANCE. The Superintendent of the N.R. Division, Auckland, writes; —“Having personally proved ils intense value as an embrocation for bruises, abrasions and ►trained muscles, I i.m causing "Q-tol" i to be used by member* <>♦’ this Brigade while performing their duties at races, picnics, and, on sports fields."—Ad’’t, '

Mining— IVuihi 1 6 0 1 6 9 War Ijonns— Inscribed Stock (1933) — 191 15 0 5i p.c. Ins. Stk. (1927) — 99 0 0 5$ p.c. Ins. Stk. (1911) — 89 0 0 P.C. Bonds (1927) — 98 10 0 ICO inscribed Stock (1927) — 98 10 0 Debenture*!— Devon port Borough, per cent. (1936) — 105 0 0 Hanks— National — 6 18 6 New Zealand 2 12 0 — New /.ealund (new issue) — 2 11 0 Union 14 19 6 — Christchurch — 8 5 0 Gisborne V 14 0 — Napier (X10) 10 15 0 6 Napier (prof > — 9 17 Wellington («£10) — 14 5 Wellington (pref.) 0 17 National 3 16 0 — 6 New Zealand — 1 10 South Briti&h 1 19 0 |2 1 0 Meat Preserving— Canterbury (ord.) 15 0 0 — N.Z. Refrigerating (.£1) 1 3 0 — N.Z. Refrigerating . (10s) — 9 0 12 0 Gear 2 0 — \Y n. Meat Export (^£3 12s 6d; — 2 10 0 'transport— Adelaide Steam 1 0 6 — Huddart-Parker (ord.) 2 2 0 — Union Steam (.pref.) ... 1 0 6 — P. and O. Deferred Stock 306 0 0 — Wool.en— Kaiapoi (cont.) — 0 10 9 Wellington (ord.) 8 19 0 9 0 0 Wellington (pref.) Coal— 8 19 0 9 0 0 Westport — 0 2 1 0 Waipa 0 17 — Timber—Kauri 1 8 0 1 8 6 Levland-0 ’Brien 1 19 0 — Rotoiti 1 1 0 —• Taringnmutu 1 12 6 — Miscellaneous--Dental and Medical Supply i i 0 — 6 Howard Smith *2 12 0 2 13 N.Z. Drug 3 5 0 — Sharland and Co. (ord.) *1 2 3 — 3harland and Co. (pref.) *1 2 3 — W.F.C.A. 'pref.) 0 16 ll 0 17 3 Ward and Co — 2 3 0* Wellington Cordage ... — •0 19 6 ilson's Cement 1 8 0 — ♦Cum div. tEx div.