COMMERCE AND MINING

New Zealand Times, Volume LII, Issue 12161, 11 June 1925, Page 8

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE YESTERDAY'S QUOTATIONS. (3.15 p.m. Call.) Following were the latest quotations on the Wellington Stock Exchange yesterday

•Cum div. fEx div. .Snb reported (10 n.m. call).—New Zealand Breweries Bonds, -El 2s. Sales reported (3.15 p.m. call).—New Zealand Breweries Bonds. JEI 2s; National Bank of New Zealand, -El 5s 8d (two parcels); National Bank of New Zealand. J!1 5s 9d (three parcels); National Bank of New Zealand, -El 5s lid (two parcels) • Union Bank of Australia, £l4, 15s: Gear £2 4s 6d. SALES IN OTHER CENTRES. Per Press Association. AUCKLAND, June 10. Sales on 'Change.—Taranaki Oil, 235; Auckland Gas (cont.), 4s 8d; National Timber, 235. Sales reported.—Union Bank, £l4 14s and .£l4 14s 3d. Sales:—New Zealand Breweries (debentures). 225; Union Bank. £l4 14s and £l4 14s 3d; Waipa Coal. 235; Auckland Cxas. 23s 6d : Northern Steam (cont.), 7s; New Zealand Refrigerating (cont.), 9s 7d; Wilson s Cement, 32s Bd. CHRISTCHURCH, June 10. Sales on 'Change.—Commercial Bank of Australia (ord.). 30s 3d; Bank of New South Wales, -E4l 7s 0d; Union Bank, -El4 13s 6d (two parcels). •Sales reported :—Commercial Bank if Australia (pref.), -86 12s; Union Bank, -El4 14s; National Bank of New Zealand (rights), 253 6d. 4 „ , DUNEDIN. June 10. Sales, reported:—P. and 0. deferred stock. -6270 EXCHANGE RATES v•• - ~ NEW ZEALAND ON LONDON. The following rates have been adopted to come into operation at 10 a.m. on June Uth. 1925:

N.S.W. GRAZING INDUSTRY WOOLLEN PACKS DISCUSSED. By Telegraph.--Prcw. Awn —Cnnvrieht ~ ~ SYDNEY. .Tune Ift. At file annual conference of the NewSouth Wales Graziers’ Association stron« opposition was ex Dressed to the proposal put forward by tile Bradford Chamber of Commerce that the growers should provide woollen wool packs for their wool without compensation. A motion was carried that if the buyers desired woollen packs they should refund the cost of them. A motion urging the prohibition of the export of live stud sheep was defooted. Dr Katcr, in his presidential address said the past year had boon a peaceful one as far as the industry was concerned. The season was on the whole good but the losses from fly must hare been greatly rwrretted. The Government had done nothing to cope with the wild dog menace in the western division, nor had it taken action to reduce the harbour nnd lighting dues, which were a great handicap to the producer. DAIRY PRODUCE. Messrs Joseph Nathan and Co., Ltd., have received the following cable from their London house, dated'June 10th. 1025:—New Zealand butter 172 s to 1745! New Zealand cheese 945: both markets firm., more business doing. Messrs Dalgety and Co.. Ltd., report having received the following cablegram from their London house, under date June 9th: —Butter: Since our last report prices are 2s per ewt higher (present quotation 174 s for 6alted). CUSTOMS REVENUE. The Customs revenue received at the port of Wellington yesterday aggregated .£10,605. George Nathan an'" Co., tu* ■ omhonse quay WMlington Cr 4 »r Cilj Vgeot.- f«»» 1 h«*»nii As-ufance Co., Ltd #6. La übiuu uua.y Advt.

ADDINGTON MARKET FAT SHEEP SELL WELL Per Press Association. CHRISTCHURCH, June 10. At. Addington the yaruings today were heavier in practically all classes oi stock. Store slieep were down iu value as also were fat cattle, but fat sheep sold well. Store sluggish sale, and price* were well below last week, particularly for wether hoggets. Odd pens of soundmouthed owes sold moderately well, l'crward 4 and 6-tooth halfbred wethers made from 32s to 345, ordinary 28s to 30s, 2-tooth crossbred wethers 28s to 28s W. Corriedale ewe hoggets 30s 6d, halfbred wether hoggets 18s 9d to 225, good crossbred wether hoggets 21s to 23s 9d, ordinary 18s to 20s fid, three-quarterbred ewe hoggets 25s Gd to 28s 9d, sound-mouthid crossbred ewes (in lamb) 28s to 355, aged ewes (in lamb) 17s to 245, aged low conditioned ewes 12s to 16s. Fat lambs—A large entry comprising 2000 head, and a good sale at full schedule rates for prime lambs. Extra prime lambs realised 43s 3d, prime 37s 6d to 40s, medium 34s to 375, fat 30s 6d to 33s 6d, store lambs 25s to 295. Fat sheep—Heavy yarding, but a very brisk sale, values being ahead of last week by Is 6d to 2s per head. Exporters operated freely. Extra prime wethers made 47s Id, prime 42s to 455, medium 38s 6d to 41s 6d, light 33s to 38s, extra crime ewes 4.3 s lOd, prime 35s to 38s, medium 31s Cd to 34s 6d, light 26s 6d to 31s. aged 21s to 255. Fat cattle—Very heavy yardings of 650 head, and much in excess of requirements. There was a drop on last week's prices of 2s per 1001 b, and the concluding races were very hard to sell. Extra prime steers made £l9 2s 6d, prime .313 Isg to £l6, medium £ll 10s to £l3 12s fd, light £8 5s to £ll ss, rough £7 to £3, extra x>rime heifers £l2 17s 6d, prime £7 15s to £lO 10s, ordinary £5 to £7 extra prime cows £l2 10s, prime £7 5s to £lO, medium £5 5s to £7. light £4 to £5 2s 6d, aired £3 15s. Vealers—Good vealers sold well. Runners made up to £fi, aood vealers £1 to £5 ss, calves 10s to £3 15s. Store cattle—A large entry and a good sale. Three and 4-year steers made vp to £7, 2-year-old heifers £4 2s 6d, tews £4. Dairy cattle —An easing in values. Rest second to fourth reivers made from £9 to £ls 10«. others £3 to £8 10s, l est sponging heifers £7 to £lO TOs. Fat "iffs —A licavv entry end a dovr sate. ChonueTc made from £3 to £7 ss, bacons £3 10« to £5 Us (average price ner \b fid bo 7d). rmr-Wr* £9 2s to £3 (average r»nce ***** IV> fild to 7Jd). Store pig*:—Medium• entry. Weaners made from 10s to IPs. stove* 23« to 465, sown (in pig) £3 2s 6d to £4 2s fid. BURNSIDE STOCK SALE EASING IN VALUES. Per Press Association. DUNEDIN. June 10. Fat stock showed an casing tendency at Burnsido stock sale to-day, which was the fir*t sale held for two weeks owing to the Utago W inter Show being held last week. Pigs were somewnat firmer in prices. Fat cattle—Some 290 head were yarded, compared with 355 a fortnight ago. There were a few odd lots of prime cows, and a ’ small proportion of prime bullocks, but the quality of many lots was not out of the ordinary. Prices for good stuff were not quite maintained, nnd tlie rn»orer quality sold distinctly cheaper. Prime hand.vweight bullocks sold at «n average of 355, light and medium up to 32* 6d. prime heifers 27s fid to 30s. and light heifers nnd cows 20s to 2.»s per lOOto. Prime bullocks made from £ls 10s to £l7. medium £ll 10s to £l4 ss. light £8 to £lO 10s extra prime rows nnd heifers £l3 17s 6d, prime £3 10s to .fill medium £5 15« tn £7 ss. old and inferior £3 10s to £5 ss. Vat «heep—A l arge entry of some ,Vnn *u-vl bem-* panned, '-r.nipaved with 3PS3 at last sale. The quality w*ns nrxed, but a fair supplv of prime consignments w.»b included. The sale opened at easy rates, but there was *ome firming on prime hn.ivv sorts as the >-nle went on. Gener•dlr mures were n” a Imre?' plane Jor heavy, medium and fair sliccp, export-

ers lifting the latter quality with slight competition. . In the early part ot the sale values were from on a par with the lower rates of last week to 2s down. Later the sales were weaker for ooth ewe* and wethers. Prime handyweigkt w.ether* sold at up to 7sd, prime heavyweight wethers Gsd to 7d, extra prime ewe» to sd, and light and aged ewe, 4d to 5d per lb. Extra prime heavy wethers made up to 555. prime heavy 49s to 5Je 3d. prime 42s to 455, lighter sorts 35» to 3is fid, prime heavy ew-es made from Sis to 35s 9d, and lighter sorts from 23s fid to 29, 3d

Fat lambs—The entry was smaller, upwards of 700 .being penned, compared with 1050 at last sale. Prices showed no ; marked change compared with those of the last sale. The entry was a mixed one. There were a few* pens of extra well finished sorts, but the buik of the lamb* wen ot indifferent quality. Store cattle—The yarding consisted of sornq 300 head. There was an odd pen of medium steers, the balance consisting of cows and young stock. The demand was somewhat dull. Fair boning cows sr.ld at from £3 to £3 17s, and medium one and a half year steers brought from Sli to 475. Tigs—There were 130 fats and 62 stores, and i>nces were good, and about the sams as a fortnight ago. Prime baconers averaged 74d to 7jd, and prime porkers to <id per pound. SMALLER WHEAT CROP INDICATIONS IN AMERICA. By Telegraph Pr<~». _ WASHINGTON, June 9. Tl .e Department of Agriculture has predicted that the wheat e rop will I> o smaller than any since 1917. Winter wheat fared badly throughout most of the regular winter belt, owing to low May temperatures and drought, while the vitality of the wheat was weakened bv an adverse winter, the hessian fly, and other pests. These, and other unfavourable factors, have caused the department to forecast that the total winter wheat crops will be 407,456,000 bushels, compared with a ten-year average yield of 592,000,000. The spring wheat crop is in fair to good condition, with an increased acreage of 13 per cent, over that of 1924. The department has predicted a production of 253.729,000 bushels, as compared with the ten-year average of 245,000,000 ip Kansas, the winter wheat State.

afternoon■ Buyers. Sellers. £ u. d. «£ s. <1 Loans — Tnscriberl Stock (1938) 97 0 0 Inscribed Stock (193V) 101 2 e — War Bonds (1933; 01 5 0 — I’.U. Inscribed Stock (1929) 98 0 0 P.O Inscribed Stock (1927) 98 5 0 P.O. Bonds (1927) 98 5 0 — Debentures— N.Z. .Breweries (bonds) 1 1 11 1 2 0 Wellington City 4 p.c. (1934; 86 10 0 Ohakun© Borough 6 p.c, (1944) __ 100 0 0 IHnksAustralasia 14 6 0 . of Aust. (ord.) 1 10 0 111 0 National of N.Z, (rights) . 1 5 9 1 S 11 New South' Wales 41 0 0 — New Zealand (old issue) 2 17 8 2 18 3 Union of Australia ... 14 14 0 14 15 6 t mancial— Abraham & Williams (ord.) 4 3 0 and Williaftifl (pref ' 4 10 0 Equitable Building — 9 7 0 National Mortgage ... — 3 18 0 N.Z. Guarantee (Jorp. (ord.) 0 9 9 N.Z. Guarantee Corp. (pref.) 1 0 9 Wn. Invest, T. and A. 0 9 9 Vvn. Bepqsit and Mort- . page 0 9 3 N.Z. Invest. Mort. and Deposit 0 9 3 InsuranceNational 8 11 6 South British 2 10 8 2 11 8 Meat Preserving— N.fc. Befrifferatine Lfil) 0 19 3 N.Z. Eefrigerating (I0«) 0 9 5 . Gear +2 2 c . — Transport— Huddart-Farker (ord.) 2 4 6 2 5 0 Coal— Westport _ 1 12 6 TimberKauri •1 12 9 Leyland O’Brien 2 17 6 Rotoiti 1 2 0 1 4 National f 2 0 1 2 6 Hreweries— Trown 1 14 6 N;Z. Breweries 1 19 6 _ Ward and Co 3 0 a Miscellaneous— British Tobacco (ord.) *2 3 3’ Burns. Philp and Co.... 1 15 6 1 18 3 Colonial Sugar, 50 15 0 D.I.C. (pref.) 1 0 6 Howard Smith 1 14 6 1 15 6 N.Z. Drug S 8 0 N.Z. Paper Mills . 1 0 0 Taranaki Oilfields . .. 1 1 0 W.K.C.A. (oref.) 0 17 /» Wilson’s Cement 1 12 fl

jpuying 1 . Per cent. 20s disct. OD Selling. Per cent. 80s disct. 30,T)/S 40s disct. 60 D/S 50s disct. JV) D/S 27s 6d disct. (iOs disct 120 D'S t/t 5s OH prem.