COMMERCE AND MINING

New Zealand Times, Volume LI, Issue 11786, 24 March 1924, Page 12

COMMERCE AND MINING

WELLINGTON’ EXCHANGE SATURDAY’S QUOTATIONS. 10 a.ra. Call.) AI fho n”'h a fair number of sales were recorded during the week no transactions wore recorded at tho Wellington Exclinngo on Saturday. Quotations were as follow:

SALES IN OTHER CENTRES. Ter Press Association. AUCKLAND, March 28. Sales: —Waihi, 30s 9d; New Zealand Refrigerating (cont.), 10s 3d. CHRISTCHURCH, March 22. Sales reported:—sl per cent. Inscribed (1937), JSIOO 15s; Bank of New Zealand, 51s Bd. 52s (two parcels). WAIHI SHARES Australian and N Z Cable Association. LONDON, March 21. Waihi shares, buyers 295, sellers 30s. LONDON WOOL SALES ■.'jsr.rsL'in u,d N'.A. C»ble A«eeisri«v LONDON. March 21. There was an average selection at the wool sales. Erglish and foreign buyers operated freely. Ballantree sold at 61d, and Hamilton Downs at 6&td. HOME - MARKETS MEAT PRODUCERS’ BOARD. PRICES AT SMITHFIELD. The New Zealand Meat Producers’ Board has received the following cable from its London office, dated March 21sc, 1924, advising the Smithfieid delivered prices at that date as follows: New Zealand wethers and maidens, Canterbury quality, selecred brands, 561 b and under, Bjd, 571 b to 641 b Bd, 651 b to 721 b 'tid; other brands, 561 b and under Sid, 571 b to 641 b 7Jd, 651 b to 721 b 7id; New Zealand ewes, 641 b and under, 6kf. New Zealand new season's lamb, Canterbury quality, S6lb and under, lOd, 371 b to 421 b lOd, 431 b to 501 b lOd, seconds Md; selected brands, 361 b and under 10Jd, 371 b to 421 b 10id; other brands, first quality, 421 b and nnder 9Jd, seconds 9£d. New Zealand beef not quoted. Argentine chilled beef,, os fores 3jd, hinds 51d: Argentine frozen beef, ox fores 31d, hinds sd; frozen pork, 801 b to 1201 b 7jd, 1201 b to 1801 b 7d. Messrs Levin and Co., Ltd., have received the following cable from their London agents, dated March 21st, 1924: Quotations, New Zealand prime Canterbury lamb, 281 b to 421 b, 10d; North Island lamb, 2Slb to 421 b, lOd; prime Canterbury mutton, 561 b to 641 b, 8d: North Island mutton, 561 b to 641 b, 7{d; ewes, 481 b to 641 b, did; New Zealand'prime ox beef, 1601 bto 2201 b, fores none. These prices are ex store. The market is very weak generally, no donbt due to holders still pressing sales. As compared with last week’s quotations, Canterbury lamb is Id cheaper, North Island lamb |d cheaj>er, and ewes id cheaper. No change in mutton. TALLOW SALES. H. Turnbull and Co. report:—We are in receipt of a cable from our principals, Messrs W. Weddel and Co., Ltd., dated London March 19th, reading • "At tallow auctions to-day 1100 casks were offered and 200 sold; market has declined Is 6d cwt.” BUTTER MARKET SLOW. A. H. Turnbull and Co., report:—We are in receipt of a cable from our principals, Messrs W. Weddel and Co., Ltd., dated Xrfmdon, March. 21st, reading as follows: Danish butter, 200 s to 204 s (last week 212 b to 2Us); New Zealand unsalted, ( 170 a 1745), salted 168 s to ‘0 1725,): cheese, white 82s to f® 8 (®4s to 86s), coloured 82s to 84s (84s to 86s); New Zealand butter, salted and ungaited, very slow; New Zealand cheese, white and coloured, moderate inquiry. FROZEN MEATS. Aistralian and N.Z. Cable Association (Received March 23, 5.5 p.m.) ._ LONDON, March 22. Sheep*—Canterbury, heavy 7id; New Zealand ewes, 6Jd; Australian ewes, 53d; Argentine, light 7d, heavy 5Jd, ewes sd. ,/»j? bs , n a ? terbur 7’ '‘Sbt 10d, medium lOd heavy lOd, seconds 9ld; other selected sorts, both lOJd ; North Isfand, firsts 93d, seconds 9Jd; Australian, first, Victorian 94d, other States 9d; seconds, Victorian a iv th,rd „ B ,? d ' Ar ßratine firsts, i*Bh* 9£d, medium Bsd. Frozen beef—Argentine, fores 333; Uruguay, fores 3|d. v; C .i l L e .j beef—Argentine, foree 33d, others^unclmnged. ay ’ f ° reS *“• hinds * id; MISCELLANEOUS. Cotton—Liverpool quotation for Ameri--5e a 85d m per lb 8 Upland ’ April deliver r> iiij Ubber_ i? ara ’ plantation smoked, llfd per lb. Jute—March-April delivery, £27 7s 6d per ton. March-May delivery, £3% 10s per ton° Pra ~ MarCh April delivcr y> »C 27 5s per Linseed. £39 per ton. i urpentine, £9 18s 6d per cwt. WIIEAT. Ai"*-"-:a!!. and N.Z. Cable Association i Receoived March 23, 11.35 p.m.) ,■ , , LONDON, Marcs 23. it heat cargoes are qmet. l’urcels are in poor request.

RABBITSKIN SALES Messrs Halgety and Company, Ltd., report on the sales held by their ‘Djinedin office on the 20th instant. "Owing to the very large quhntity of 'skins received since last sale, we held a special sale to-day. Our catalogue was comprised chiefly of off-season qualities, and prices generally were well maintained at last sale's values. An increased quantity of early autumns was offered and realised 40cf per lb. Prices ruling ai our local auction sales ahead of London parity, in fact an advance of fully 2o per cent, is needed in the London market to bring prices on to a payable level for shippers. "The following is the rang© of prices: —Runners and suckers, 21d; light racks, 33 Jd; summers, 32d; heavy racks, 33d; prime rack®.. 36fd; early autumns, 40d; summer broken. 24d; winter broken, 32d; summer fawns. 23Jd; winter fawns, oOJd; weevilly. 20id; milky, 24d; summer blacks, 25$dj winter blacks, 40d; outgoing does 394 d." MANCAWEKA SALE. Dalgety and Co., Ltd., Palmerston North, report having a very fair entry of both sheep and cattle at their Mangaweka sale on Thursday, the 20th instant, when oracticallv a total clearance was effected. Quotations: —Mixed w.f. lambs (small) 9s Id. 10s 6d to 1U 2d. medium w.f. lambs 13», v*.f. wether lambs 17s 2d, 4 and 6-year ewes 17s. m.a. ewes 7s. Ms to 13s 2d. 2-tooth wethers (small) 21s. 2tooth wethers 24s 2d to 24s 6d, cull 2tooth wethers 18«. mired 2-tonth 24s Od. 4-year bullocks £5 3s, forward bullocks £7 2s. cows and calves 37s 6d, empty cows 20s to 345. 2-vear steers .£3 3s, 15-mointh heifers 233 to 245. light fat cows .€2 10s. SALE AT FEILDINO. Dalgety and Co., Ltd., Palmerston North, report on the Feildinp sale held on Thursday, the 20th instant:-—Although held on an off day there 'was a heavy yarding of both sheep and cattle. Cattle were dull of sale, bnt sheep sold freely. Ouoatinns —Small lambs 9s. 10s Cd to 12s Bd, medium w.f. lambs 14s 3d, fair w.f. lambs 17s, m.a. ewes 12s B<l, 10s 7d to 17s. *■ and 5-year owes 20s. 21s. 22s to 22s 4d, 1-tooth wethers 26s sd, fat 2-tooths 265, 26s 9d, 28s to 28s 6d. fat ewes 20s Bd. 21* 22s to 22s 9d. mixed fat sheen 26s 10d to 28s 3d, 2-vear empty station bred heifers C2 16“. 3-vear steers JC4 5s to £5 lls.

Buyers. Sellers. £ s. d. £ s. d. Mining— Waihi 1 10 0 — War Loans— 4\ p.c. Inscribed (1938) — 97 0 0 5* Inscribed (1933) — 100 12 6 4* i: -c. Bonds (1938) ... 96 10 0 — 4k Bonds (1930) ... 96 10 0 5 p.c. P.O. Inscribed (1927) ..... 97 0 0 97 10 0 Debentures— Wellington Gas Wn. Harbour Board, _ 105 0 0 por cent — 99 0 0 .V/. Breweries — 1 1 0 Devonport 102 0 0 103 0 0 Banks— .Australasia 13 3 Of — National — 6 17 0 Npw Zealand 2 11 9 2 12 3 Union * 14 7 0 14 10 0 Financial— W'n. 0 9 6 — Wn. Deposit 0 9 0 Tr»cnrAnce-» National — 3 18 6 New Zealand 1 9 9 — South British 2 0 0 Meat Preserving— N.Z. Refrigerating 1 0 3 — Oear 2 1 6 — Meat Export — t 12 6 Transport— Hudde.rt-Parker — •2 2 6 Westuort 1 18 0 1 18 6 Westport - Stockton (pref.) — 0 7 Timber— 1 6 10 1 9 3 Leyland O’Brien 2 0 0 *— TariTviamutu 1 13 6 ' BotoitI *1 8 3 — National 1 2 0 — Miscellaneous— Crown Brewery 1 18 9 2 0 6 Howard Smith — 2 12 6 Manning and Co — 1 3 6 W.F.C.A 0 16 6 — Ward and Co — fCum div. *Ex dix; 2 4 0