COMMERCE AND MINING

New Zealand Times, Volume LI, Issue 11910, 18 August 1924, Page 12

COMMERCE AND MINING

Wellington stock exchange. SATURDAY’S QUOTATIONS. GO a;m. Call.) Prices of investment and mining stocks on SatuVdny wefe as follow :—’

Safes’ reported : N.Z. Government Loans, Inscribed Stock (1983), £9B; P.O. Deferred Stock, £290. ■ SALES IN OTHER CENTRES. ■ -Per Press- Association. DUNEDIN, August 16. Sale- reported.—l33B 43 Inscribed Stock, £98.. AUCKLAND, Augnst 16. Sales.—Eai iri Timber, 29s 6d;- Wilson's Cement, ,^oe. WAIHI. SHAKES. Australian and N.Z. Cable Association. . (Received August 17, 5.5 p.m.) LONDON, August- 16. Waihi -shares.—Buyers; £Bs la; sellers, Ms. •: gold prices . • LATEST. KATES. . . t mitral ian and Jr i? Cbble” Association (Beceived August. 17, 5,5 p,m.) . . -. LONDON. : August-16.-■ • The price of gold is quoted-at 99a 8d per ounce. • ■ -, ■ ' MISCELLANEOUS MARKETS LATEST LONDON QUOTATIONS. Australian and N.Z. Cable Association. (Received August 17, ‘5.5 p.m.) -LONDON, August 16. Cotton.—Liverpool quotation. American middling ..upland, September delivery, 15 93d per pound. Rubber.—Pine hard Para, 14Jd per pound; plantation, first latex crepe and smoked- ribbed sheet, 18Jd to 13Jd. ** Jute.—lndian native - first marks, Aug-ust-Septeznber shipments, £32 per ton. New Zealand hemp, August-October shipment, £B7. Copra.—South Sea bagged, Anguet-Oc-tober. shipment, £29 5s per ton. Linseed oil, £4l 10s per ton, equal to 3s S 4-5 i per gallon. - Turpentine. 68s per owt, equal to 5s • 1 8-5 d per gallon. 1 MEAT MARKET SHEEIP QUOTATIONS. Australian and KZ. Cable. Association (Received. August 17, 5.5 p.jn.) . „ LONDON, August 16. Sheep,—Canterbury, nominal, light Bid, Teedium7Jd, heavy 7Jd; North Island, light Bd, medium 7Jd, heavy 7Jd. New Zealand ewes, 6fd; Argentine, light i 'W, medium 7}d, heavy 6td; ewes 60, , Patagonian, light 7(d, medium 6|d. . •Hanib*—Canterbury,-light—. l£»d, -me- ■ J«iuk*ill(<lj- -heavy wfd; utcomfv •UH < eelecteds, .light lljd, mediumlOJd; North i Island, firstS 'lHOj -setonds llid: Argon tine, seconds 10}d. .... ifrozem^beef SOUTH AMERICAN ; SHIPMENT. Australian and N.Z. Cable Association, - (Keceivod August 17, E,5 p.m.) " LONDON, August 16. ■ ■c-«°¥ n . 6 e«f.—Argentine, fores, lid; chilled Argentine, fores-2td, hiudseidUruguayan, fores 2d, hinds 5Jd. Other meats unchanged! -’ ’ - -- t LONDON FROZEN MEAT MARKET. Messrs.lnvin and Co., Ltd., have received the following cable from their London agent, dated August 15th, 1924: Quotations ex store :-rNew Zealand Prime Canterbury lamb. 28's to 42’s, llld; North Island- lamb,-28'* to' 40’s, I ljd; prime Canterbury mutton.' 56’s to 64’s, Rd; North Island mutton, 's6’s to 64's, " VJdrewes, IS'a to 64's, 63d: New Zealand primwoirtaef, 160's -to 220's, hinds, none offering, foree. none offering. As compared with last week's quota- . tions, - mutton Is Id per lb dearer, and ewes Id pen- lb dearer, otherwise there I is- «m>. quotable change in the market, whichis firm with a. limited trade. BMITHFIELD PRICES N.Z: MEAT PRODUCERS’ BOARD. The, New Zealand Meat 1 ' Producers’ Board has received the following cable from its London office, date August 15th, 1021 advising Smith field delivered prices at. that date as follows (prices for the 1 tw-p, previous' weeks are alto shown), pet ' 16 at dates'August 15th, Bth. and Ist; NteW 'Zealand wethers and maidens— . Canterbury quality, selected brands, sblb ' and-under. B}d. Ba, 8d; 571 b to 611 b, 7,’d. SSlb to 721 b. 7fd. 7}d, 71d. ' Other brands. 561 b and under. Bd. rjd, 711 ./571b> to 611 b. 73d. 7Jd, 7}d; 651 b to 1721 b, 7id, Tid, 7; 611 b and under, 6}d. ' 6Jd. 54d-. New Zealand ewes. 641 b and under, 6|d. sid, 53d. New Zealand lamb quality, 361 b and under, 11M, lUd, Uid: 971 b to 421 b. llld, UJd. : lid: 431 b to 501 b, lOJd, 10Jd. lOtd; seconds, 113 d, llld, 11: selected, 361 b md under, llld,Hid. ll|d : 371 b to 421 b, ”W. ; llld, ll|d. Other brands, first quality, 421 b and under, 113d,-lid, lid, New Zealand Beef—Not quoted.

Argentine chilled beef—ox fores. 2Jd. 23d.'-23d i hinds. ,634. 51.4, 534. Frozen beef—Ox fores, 2|d, 23d, 23d; hinds, sd. fid'. 4|d. , , ‘ . Frozen poirk—Not quoted. 1 4d 3jd Id. '

LAMB TRADE BRITISH DEMAND! Australian and N 7. Cable Association (Received August 17, 5.5 p.m.) LONDON, August 15. A feature of the lamb trade is the demand fot small plain, which is selling above prune grades. HIDE POSITION IN GOOD DEMAND. Australian and N Z ■ Cable Association. (Received August 17, 5.5 p.m.) ' LONDON. August 16. Hides ‘ ' aTe in igood demand, Austra- , lian; salted-being from 6Jd to. 93d. DAIRY PRODUCE AUSTRALIAN SHIPMENTS. Advice 'has bean received by the Dairy Division that in Australia - there was graded daring July 19,668 boxes of butter, £386 Orates, of chcpse, and that the' shipments .from Australia to the United King- . dom during.July.Were 21.071 boxes butter and 3255 crat*s,.oL,cheese. ;, -FROM- THB-rARGENTINE.. . We are iri receipt of adcvice, which arrived per cable from the Argentine Dairy Association, reading -as follows" The shipments during ibhe month of July were 850 tons butter, 115 tons cheese and 1225 tons casein- The weather is too cold."/ BUTTER AND CHEESE. A. H. Turnbull and Co. advises:—We are. in receipt of a cable from our principals, Messrs W. Wed-del and Co., Ltd., dated Loudon, 15th instant, reading as • follows: .. . "Danish -butter,- 216 s to 220 s (last week’ 2025"t0 201 s; New Zealand, unsalted, 2108 to 2125; New Zealand salted,. 200 s to 202 s (101 s. to 1965). Market, firm. .. . "Cheese, white, 94s to 96s (96s to 98s); coloured, 92s to 945, (90s to 925). Market quiet.” ■ ' - -- ■■ • NEW ZEALAND LOAN AND. HER- - CANTILE. MEAT AND DAIRY PRODUCE. The .New Zealand Loan and Mercantile Agency Company. Limited, have received .the following cablegram from thetr London house under date 15th instant:— "New Zealand frozen meat.—Lamb, lljd per lb (average); mutton, wether and maiden owe, light B}d per lb, heavy, 71d per lb; ewe, lighted per lb, heavy s(d per lb. Market firm... * ' “New Zealand dairy produce.—Butter, choicest salted. 200 s to 2p2s per owt- Market' firm. Cheese; 90s to 96s per cwt. Market quiet.” CARGOES QUIET , PARCELS IN POOR DEMAND. Australian and Cable Association. (Received Augnst 17. 5.5 p.m.) LONDON, August 15. Wheat cargoes are quiet owing to most of .the Continental centres being closed occasionally. Quotations are 3d lower. For parcels there is a poor- inquiry, and very slow at 3d decline. Parcels ex Euripides, Berritna, and Demosthenes are quoted at 54s 6d. RAEBITSKIN SALE • Messrs Wright,- Stephenson. and Co., Ltd., have ‘ eceived- the following detailed report. from their Dunedin office in oonnectibn with the last rabbitskin sale, which took place on the 12th linstant : "We have to report another'very good sale yesterday, bidding being Very keen throughout. There was' no change to: report m prices, whioh remained firm at previous . sale's" level. The' following were actual ruling rates:—Prime winter bucks, 973 d to 98}d; prime winter does, 823 d to 873 d; first winter bucks, 94fd to 97d; first winter does, 71d to 87]d; second winter buoks, 70Jd to 883 d; second winter | does, 53Jd to 61fd; spotted winters, 50d to. 7Q)d; early wintes books, 723 dto 85jd ; early, winter dPos. 713 d to 721 d; incomings, 683d1. to 723 d; late winter bucks, ] 4Sd to 563 d; late winter dces/46d to 57d; first'.winteq, broken, 15d. to-473d;-second < winter, broken, 37d to 44d; springs, 883 d ! to 40}d; late autumns, 53d to 59}d: early! autumns, 42td to 493 d; prime racks, 3741 to . 383 d r light racks. S2d to 333 d; sqm-' m'prs; 304 to 33d: mflky, 32d to 38Jd; ru'n-| ners. 20d to 23d; first-winter black) 72dto 793 d; winter black, 56d to 69d: autumn black; 43d to 4fid; first winter fawn. 76d to 80d; .-'autumn fawn, 40d, to 43d; barer skin's,-S2d-to 43d.” '

WESTFIELD BTOCK , MARKET

' RISE IN BEEF VALUES. . Prices] at the-'Westfield fat stock, sales last - week- showed, .decided improvement.For hsef a rise of 2s per 1061 b was reported; and competition was keen throughout. Extra, choice ox . realisM up to 80s per 1001 b, ehoice and prime from 26s to 29s,.and cow and heifer beef from 24s to 26s- 6d." Sheep sold at- late. quotations, hepyy prime wethers bringing a£2 4s 6d to il ?s fid. sold at late quota-, tions,' choppers realising. JB3 to £4, 15s, and baconers and porkers from JB2 10s to £& Is. ■ . LEVIN SALE ' ; SHEEP AND .PIGS ADVANCE. Messrs Abraham and Williams • report: There-was a sbarp rise in pigs at the Levin' weekly sale. The yarding wag ;fair)y, large, Dut despite this the sale was' one of- the best, irom the vendors’ point ‘of view, which has taken place -locally for some time, a fact for which; the-open-ing bf the dairying-season- is- no doubt responsible. Sheep also sold well. There wag a good yarding of medium quality hoggets, which sold exceptionally well, woolly nog?etß making 25a to 26s 2d, and. shorn to Is Id. A useful line of ewes in lamb made '.365.

Fat cattle were represented by only a few Rght and unfinished cows, which sold at from Jt3 10s to £A ss. Dairy cows were in fair supply, one herd which Was offered realising from £9 15a to £l2 -156 for best sorts, with medium £6 10s to £B. Good heifers were keenly sought after, and made up to' £9. Prices were as follow-. . Pigs.—Weaners 22s to 255, stores 30s to ,355, larger! to 30s, light porkers £2 4s to £2 12s f othersdo £3 Is. ' Sheep:—Fat ewes 28s 4d, fat hoggets 26s 4d, ewes in lamb 365, forward ewes 16s 9d; woolly 1 hoggets 25s to 26s 3d, shorn hoggets 16s to; 21e Id. * - > -Cattle.—Fat cows, light and unfinished £3 10s to £4 ss, forward cows 29s to £2 15s; dairy cows,, good £9 15s to' £l2 15s, medium quality £6 10s to £B, others £2 to' £4; good Jersey, springing heifers £7 to £9: yearling Jersey grade heifers, £2 17s; others 80s. , , FEILDING SALE • Dalgety and Co., Ltd., Palmerston North, report having a, moderate vardihg of both sheep and cattle at their Feilding sale on Friday, the 15th iiistaut, when practically a total clearance .was made. Quotations: —Fat lambs, 24e to 255; fat ewes, 26s to 27s '3d;'b.f.- hoggets, 22s 2d to 23s 3d ; mixed hoggets, 23s 9d to 27s 3d; wethor hoggets, 275; fat cows, £3, £3 6s, £3 10s, .454 to £5 12s; extra prime heavv 9?™'?. £7 7s 6d; light fat steers, £6 4s; light fat heifeiw, £3; valers, to £2 ss• store cows. 10s to 13s 6d. CUSTOMS REVENUE!

The Customs revenuo collected at the port of Wellington on Saturday amounted to £2(12. - •

Buyers. Sellers. S a d. Mining—' Waihi 1 8 9 — Zeehan Consolidated ... - T 0 7 0 War Loan*— Inscribed Stock (1938) 98 0 0 Inscribed Stock (1933) 101 10 0 — W«r Hoods mi 1(1 0 — P.O. Bouds (1927; 98 0 0 — Debantures— N.Z. Breweries 1 1 9 — Bank*— Australasia ...' 13 15 0 V'»Ho r * n l of N.Z 6 11 fl New Zealand 2 16 9 Union of Aust. - — U IT i Wn. Invest. T and A 0 10 0 — Tv.*,, r«nce — National 3 10 6 3 12 6 New Zealand 1 9 3 South British 3 1 0 - ppBe««rvini»-. u5ib. Meat. Export («£3 12a 6d) — ' 1 12 Transport— JT udda rt-Par ke r (ord.) 2 4 s Huddart-Porker ,(p ref.) 1 1 3 Union Steam (prof.) ... lb 6 Coni—... ... \Vaipa 0 19 3 . —. ■ Timber-?- . . Kauri 1 9 0 —’ ~ Rotoiti - i.v...v.. k ... - 1 3 9 Taringarautu Totara ... 113 0, . . . National • 15 0 .M ; s*^n.o.ous— . British Tobacco (Anst. »rd.) 2 2 0 Burns Philp ...........r... 1 15 0 <*Town Brewery •2. 4 0 . — - • N.Z. Express (ord.V -0.17 0 .. —. Pearson Superheaters... . •, ,2 2 9 Ward »i-d Co 2 11 8 —