COMMERCE AND MINING

New Zealand Times, Volume LI, Issue 12009, 11 December 1924, Page 10

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE. YESTERDAY'S QUOTATIONS. (3.1 S p.m. call.) The only sale reported yesterday was a. Union Bank of Australia at £l4 5s (ex rights) on the rdoraing call, business in the afternoon being rather slack. Government loans remained much as on Tuesday, there being a good offering, but only one buyer forthcoming. War Bonds (1838) increased by 5s in sellers' quotations but buyers were not prepared to accept. National Bank sellers appeared yesterday at £6 16s 6d, but £6 14s 6d was the previous day’s limit for buyers, and no offers -were made yesterday. There was no change in other bank shares. Sellers of Wellington Investment T. and A shares reduced by Id' yesterday, which was still 9d above buyers' prices. Wellington Trust Loan sellers reduced by 2s 6d on Tuesday's offer, but found no bidders. Huddart-Parker (ord.) buyers offered an advance of Id oh Tuesday, but sellers remained firm. National Timber sellers were offering at £1 4s 3d, but buyers did not advance their Tuesday's price. There was a buyer of New Zealand Drugs prepared to give ss, what the sellers asked the day before, but none wer-ii . available yesterday. Closing quotations on the Exchange yesterday were as fellow i

Sale reported (10 a.w. call).—Union Bank of Australia (ex rights), £l4 ss. SALES IN OTHER CENTRES. jv Per Prewi Association. AUCKLAND, December 10. Sale on 'ChangeStandard Insurance, 41s 9d. Sales.—Bank of New Zealand, 61s 6d; Huddart-Parker, 445; Kauri Timber, 30s 3d; National Timber, 345; Farmers’ CoI op. Auctioneering (A Pxef.), 18s. . Sale reported; Huddart-Parker, 445. CHRISTCHURCH, December 10. Sales reported—Huddart-Parker, 445; New Zealand Safrigerating (con.), 11s' lid; Commercial Bank of Sydney. £22 12s 6d. Sales on 'Change—Huddart-Parker, 43s 9d (two parcels); New Zealand ,Cb-opera-tive 6 per cent. (cum. pref.). £3 6s 6d: Christchurch Drainage Board 5f per cent, debentures. .£BB 10a. x DUNEDIN, December 10. 'Sale reported: Milburn Lime and CeI ment. 355. Sales.— Dominion Bubber, 22s 4d; Now Zealand Hardware (ord.),“ss 9d. Reported sales.—Kawarau Gold Mining Company, 20s; Dominion Bubber, 22s 3d.

LONDON WOOL SALES

PRICES IN BUYERS’ FAVOUR. X MANY WITHDRAWALS. Reuter’s Telegram. (Received December 10, 10 p.m.) LONDON, December 9. \ -At the wool sales 11,134 bales were Offered. They met slower competition, and there were frequent withdrawals. The recent top prices were not obtainable for merinos. Australian and N.Z. Cable Association (Received December 10, 10 p.m.) ‘ LONDON, December 9. At the wool sales an average selection was offered. There were no quotable Changes, but prices ware slightly in the buyers’ favour. New Zealand clips: Belfast" made 44d and “H.8.D." 3ljd.

ADDINGTON MARKET

AN EASING IN VALUES. Dor Press Association. ‘ CHRISTCHUBGH, December 10. At Addington market to-day there was slight easing in values of fat stock generaily. Store sheep.—A fair entry was forward, consisting mostly of wethers. Forward SV 1 ? a „ six-tooth wethers made from 85s 8d to 87s 6d; four, six and eight-toothed wethers, 28s 3d to 33s 3d; two and fourtoothed woolly wethers, 465; four, six and eigth-toothed woolly wethers. 27s 6d to J* * small two-toothed 7d i° lambs, 28s to 325; twotoothed ewes, Sis Ud J **** coolly ewes and lambs, 25s HdJ aged) shorn owes and lambs, 22s 9d Fat lambs.— 1450 head, 200 more than at the last sole were yarded. The quali?%® en ? ra * ly *°°d a hd competition, keen, although prices were a shade lower than those ruling last week. Prime lamb made 13d per lbs extra prime made from 45a 6d to 48s 7d; prime, 42s to 455: me--891,t0 3Ss to 38s 6d; inferior, 32s 3d to 35s 6d. Fat sheep.—JEKght races were forward a good proportion of which were plain wethers. The sale was inclined to fluctuate, though for best sheep there was practically no change. Though the buoyancy of the previous sale was not in (evidence for wethers over all figures from 8d to 9d per lb and, owes about .<l, v Extra prime wethers realised t® 8 i7a medium. 39s to 445; light, 33s 6d to 38s 6d; extra prime ewes, 45s 9d, prime, 40s to 425; medium, 33s fid to 395; light and inferior, 80s to 335. ’ Fat cattle.—6os head were forwarded, as against. 400 last week. Except for handy shop weight there was a falling off in values to the extent of £l per head Extra prime steers made up to 43sprime medium weights, 37s to 40s; primo heavyweights, 33s to SSb 6d; medium, 31s to 335; Jjght, 27., 6d t 0.305; rough, down j® 3 „?S r * oo, „ b ,- D*tra prime steers made £l9 12s 6d; prime, £ls to £l7 ■ medium, £l2 to £l4 15s j light, £9 to

£ll 10s; plain and unfinished, £7 to £8 15s; prime cows, £8 10s to .£l2; medium, £5 15s to £8; aged and inferior, £3 to £5 ss; extra prime heifers, £l4 12s 6d; prime, £9 10s to £ll 10s; ordinary, £5 15s to £9; light, £3 15s to £5 10s. Vealers.—Another large entry was forward, including a lot (of inferior stuff. Runners made up to £0 15s; good vealers, £3 to £5 10s; Good oalvers, £1 15s to £2 10s; small calvers, 15s to £1 ss. Store cattle.—A full yarding was penned, mostly lot nondescript sorts-and pricos generally were in advance of late rates. * Dairy cattle.—An entry of 58, compared with 62 last week. The bulk qf the yarding were nondecript sorts. Best second, third and fourth, calvers springing made from £6 to £8 ss; medium, £4 to £5 10s; best springing heifers, £4 tq £8 10s; medium, £2 10s to £3 10s; old cows and backward calvers, £2 to £3 10s. Fat pigs.—Choppers made from £3 to £5 10s; light porkers, £3 5s to £3 15s; heavy baconers, up to £1 (average price per lb fid to 6Jd); light porkers, £2 Ss to £2 12s; heavy porkers £3 (average price per lb 6jd to 74d). Store pigs.—A good entry met with satisfactory demand. Wcaners realised from 20s to 23s 6d; better sorts, to 275; small stores, 28s to 355; medium, 37s to 425.

LOCAL MARKET

WHOLESALE PRICESLaery and Company, Limited, report wholesale—prices as follow: Peameal. £9 10s; pigmeal, £7 10s ton; Farro food, £8 5s per ton;, linseed Vneal (Moose brand), 13s; linseed nuts (Moose brand). 16s; meatmeal, for poultry, 14s 6d; shell grit, 6s 6d per 1001 b; mixed fowl feed. 7s per bushel, sacks in; maize, whole 6s lOd. crushed 7s 3d; oats, machine dressed sead Algerians 6s 3d, farmers' dressed seed Algerians as 3d, crushed 5s 6d, feed Algerians 4s 8d per bushel, sacks in;. Canadian Gartons, 5s 9d pej bushel, bags in; oats, for fowl feed, 5s 3d per bushel, sacks in; shelled oats, for chickens, 6s bushel, barley seed 6s 9d,. feed barley 6s 6d per bushel, sacks in; ■ butter, farmers' separator and dairy Is Id to Is 5d per lb; eggs,, first grade new laid Is 5d to Is 6d per dozen; fowls. White Leghorns 5s to 6s 6d, Black Orpingtons and similar heavy varieties 8s to 19s per pair; turkeys, Is 2d to Is 6d per lb; Saese, 10s to 12s 6d per pair; ucks, runners 84 to 10s 6d per pair, large white 10s to 14s per ' pair; fungus, 9d to lid per lb; dressed pork, 60's to 90’s 7Jd to 8d per lb; sucking pig, lOd to lid per lb;. sucrosine, £ll per ton; chicken raiser, 19s per 1001 b; chaff, Tasmanrieji, in hags £8 10s, in bales £7 10s per ton; new potatoes, 10s to 12s per cwt; good whole fowl wheat* 8s 3d per bushel, sacks in. CUSTOMS RETURNS. The Customs revenue received at the port of Wellington yesterday aggregated

Buyers. Sellers. Jt a. d. & s. a. Loans— Inscribed Stock (1939) bw4 97 12 6 Inscribed Stock (1838) — V 13 Wk 7 8 Inscribed Stock (1933) — 6 War Bonds (1839) ...... — 97 12 6 War Bonds (1938V ...... — 97 12 6 P.O. Bonds (1927) 97 15 0 V — P.O. Ins. Stock (1927) — 98 0 (V Banks— Australasia 13 8 0 — National of N.Z. ...... — 6 16 6 New South Wales 41 0 0 New Zealand 3 1 0 3 1 e P. and 0. Banking \Corp Union of Aust. (now 13 0 0 issue) — 13 19 0 Financial— Wn. Invest. T. and A. 0 10 0 0 10 7 Wn. Trust Loan. — 5 17 6 Gas— Christchurch _ 7 13 6 Gisborne 0 12 9 — Wellington (pref.) ...... 0 16 9 *0 17 3 National of N.Z — 3 11 0) New Zealand. 1 10 0 — Heat Preserving— N.Z. Refrigerating (£1) N.Z. Refrigerating (10s) 1 3 0 0 11 s — Wn. Meat Export \J£3 12s fid) 1 15 6 .Transport— Huddart-Parker (ord.) 3 3 7 2 4 0 Woollen— Kaiapoi (cont) ............ — 0 6 6 Wellington (pref.) . — 6 15 fi Ooal—“ Westport _ 1 14 6 Westport .* Stockton, (prof.) 0 6 0 Waipa 0 19 ft — Timber— Kauri •1 10 6 Leyiand-0*Brien „ 2 8 6 National 1 3 9 1 4 3 Miscellaneous— Burns PMlp 1 U 6 1 15 0 Farmers* Coop. Auctioneenng (ord.) 3 1 0 —» Howard Smith 1 15 0 Kirkcaldie and Stains (prof.) 10 0 National Electrio *0 19 6 N.Z. I*rug (rights) 0 5 0 — Scouilar Co. — 1 2 6 Wairarapa Farm era* WSson*s Cement ...... 2 17 0 1 9 3 •Cum div.