THE WORLD OF COMMERCE

New Zealand Times, Volume LII, Issue 12201, 28 July 1925, Page 8

THE WORLD OF COMMERCE

VELUNGTON STOCK EXCHANGE YESTERDAY’S QUOTATIONS (3.15 p.m. Call). Yrtterday's closing quotations for premiums of investment, ae advised by the Wellington Stock Exchange, are as follow

fCum div. •Premium. Sales reported : N.Z. Brewejies (bonds), £1 3s 6d; Gear Meat Company, £2 2s; Crown Breweries, £2 (two lots). SALES IN OTHER CENTRES. Per Press Association. AUCKLAND, July 27. Sales on 'Change: Bank of New Zealand, 55s 6d; New Zealand Insurance, 34s 9d-; Milne and Choyce (debentures), 23s 6d; Sanford (ord.), 20s 6cf. » Sales: Auckland Gas, 23s sd; Taranaki Oil, 20s 3d; Wilson’s Cement, 83s. DUNEDIN, July 27. Sale on 'ChangeNatural Bridge. Is lOd (prem.). Reported sale: . New Zealand Breweries (debentures). 22s 6d Sale reported.—New Zealand Refrigerating (cont.), 9s 2d. _ CHRISTCHURCH, July 27; Stock Exchange sales reported: New Zealand Breweries (bonds), 235: Bank of New South Wales, .£4l 7s fld; Royal Bank, 36s 6d; Bank of New Zealand, 55s 6d and 55s 9d; Perpetual Trustees, 455; New Zealand Refrigerating (10s paid, cum div.), 9s 2d; Hanning's Brewery, 88s (three parcels)'. Sale: Commercial Bank of Australia, 30s 9d. BUTTER MARKET STEADY 1 GOOD PRICES RULING. The New Zealand .Producers' : Co-Opera-tive Marketing Association, Ltd. (per Mr G. S. Davidson, secretary), forward copy of the weekly cabled market report, Bated London. July 24th:— Butter—Market steady: Now Zealand, 194 s to 1965, unsalted 196 s to 200 s; Australian, 188 s to 1925; Canadian, ’B6s to 1923; Argentine, 180 s to 188 s; Danish, 198 e to 200 s; Dutch. 198 s; Latvian, l£2s to Siberian, 1725. to 180 s. Cheese—Market quiet: New* Zealand, white 109 s to 110 s, coloured 108 s to UOs; Canadian, 108 s to UOs. Present forward buying due to prolonged dry weather, causing curtailment of current and future make, also hot weather demand for milk, and increased consumption of cheese. Cheese .purchased so far largely at risk of importers, wholesale trade have not operated to any extent. Present buying tends support market right through coming season. SOUTH AFRICAN LOAN DEARER THAN AUSTRALIAN. Australian and ;N.Z. Cable .Association. (Received Julv 27. 7.20 p.m.) m , 'LONDON, Julv 27. The Financial News,' ,'commenting on the issue of a South African loan of £5, 000.000. at 5 per cent., at 99J, to-day, says the first interest, 30s, is payable in January making the stock 1 per cent, dearer tha nthe Australian. The Australians paid the full, half-year’s interest,, consequently their offer was oversubscribed. South Africa should do likewise. LONDON PRODUCE MARKET The Bank of New Zealand (produce department) has received the following advice from its London office under date 24th instant:— "Butter steady; 194 s per cwt. "Cheese quiet; 109 s per cwt. "Frozen meat: The trade in mutton is slow. Moderate business has been- done in lamb. Beef is in little better demand. The demand for meat generally has suffered in consequence of great heat. Wethers, light 7d to B}d per lb, heavy 6Jd to 7d; ewes, 4sd to 6Jd; lambs, under 421 b IOJd to 12d, over 421 b 10d to IOJd, seconds lljd to UJd; ox hinds 5d to s*l, ox fores 2|d to 3Jd; cow hinds 4jd to 4jd, cow fores 21d to 3d." “WEATHER EXTREMELY HOT" MILK SUPPLIES SHORT. In a letter forwarded from London, and dated June 17th, the Anglo-Continental Produce Company report as under on the market, the shortage of milk sup; plies, and the increased prices: "Butter.—The weather continues extremely hot, which shortens the make in this country; not that the flow of milk is falling off, but that the milk, owing to the hot weather, is being used for other purposes. "In Denmark and the rest of Europe they also have very hot weather, and the Danes advise ns that they are past their flush and that from now supplies will decrease weekly unless rain comes. "The weather has undoubtedly saved the butter situation, and, with a continuance of the same, we cannot see any chance of lower prices, though, on the other hand, we are sufficiently high to make it dangerous to advance the market much further. “We quote: Danish butter, 184 s per cwt. f.0.b.: New Zealand, 180 sto 184 s, unsalted 190 s; Australian 160 s to 1765. according to quality (very little best butter arriving); Argentine, 166 s to 1745. ".Siberian butter.—The arrivals are light, and these butters are now fetching up to 1655. in sympathy with New Zealand and Danish. "Cheese.—The market continues quietly steady at 100 s to 102 s for -white and coloured New Zealand; Canadian cables 975, c.i.f.” 8. George Nathan and Co., Customhouse quay. . Wellington, Chief City Agents for Phoenix Assurance Co.. Ltd., 235, Lamhton quay.—Advt.

WEDDEL AND CO.’S CABLE A. H. Turnbull and Company report Messrs W. Weddel and Co, Ltd., London, cable under, date July 23rd as follows :—"At tallow auctions to-day 1300 casks were offered, of which 630 were sold. Late rates to 6d less." Messrs Joseph Nathan and Co., Ltd., have received the following cable from their London house, dated July 25th, 1925: —"New Zealand butter, 194 s ,to 1965; New Zealand cheese, 103 s to 110 s. PRODUCEMARKETS Laery and Co., Ltd., report wholesale prices as follow: —Mixed fowl feed, 7s 6d per bushel, sacks in; linseed meal (Moose brand), 16s; linseed nuts (Moose brand), 14s; meatmeal, for poultry, 136 per cwt; oyster shell grit or pipi 6hell grit, 6s 6d per 1001 b; maize, 7s, crushed 7s 6d per bushel; oats, machine dressed seed Algerians 5s 4d, crushed 5s 6d. Duns 5s 3d to 5s lid, Gartons 4s 6d to 5s Id, blacx oats 4s lOd per bushel, sacks in; short, oats, for poultry, 5s 3d per bushel, 6acks in; shelled oats, for chickens, 6s to 6s 4d per bushel; barley, feed, 5s 9d per bushel, sacks m; eggs, first grade new laid 2s 4d, storekeepers' lines 2s 2d to 2s 3d; butter, farmers' separator and daily Is 4d per -lb; fowls, White Leghorns 4s 6d to 5s 6d, Black Orpingtons and similar varieties 7s to 9s per pair; turkeys. Is to Is 3d per lb; ducks. Runners 8s to 9s 6d, large whites 10s to 13s per pair; fungus, 7d to 9d per lb; dressed pork, 60’s to 90’s, 7d to 7id per lb, sucking pigs 7d to 8d per lb; Sucro6ine, £l2 per ton; Blenheim chaff, £8 5s per ten, sacks in; wheat, 8s 2d to 8s 4d per bushel, sacks in; feed peas; 6s 10d per bushel, sacks in; rock salt, 5s 9d to 6s per bag; -Canterbury table potatoes, ton lots, £9 15s per ton, sacks in; seed potatoes, Canterbury grown, ton lots, Sutton Supreme .£l3, Northern Star J 66 Ms, Early Regents £9, Red Dakotas £7, New Era .£8 10s, Arran Chief £8 10s, Gamekeepers £6 10s per ton, eacks in; small lots 10s per ton extra; molasses, In casks 42s 6d per cask, in cwt cases 8s 6d per case; mutton birds, in casks of about 500 birds, 7a bird. WANGANUI EAST SALE Messrs Dalgety and Company, Ltd., report havingoffered a good yarding at the Wanganui East sale on Wednesday last. Sheep were dull of sale at auction, but most lots were sold privately after the sale. Young cattle were in specially good demand, and the whole entry was cleared at satisfactory prices. Quotations:—Sheep—6-tooth and 4-year ewes B.W.R. Romney rams, £2; ewe noggets, 325; light fat ewes, 30s 7d; store ewes, 22s 6d. Cattle—light fat bullocks JE9 10s, light fat cows £6 ss, two and three-year steers £7 10s, 20-month Bteers >26 ss, yearling steers £i, yearling heifers £3, springing heifers £9 to £9. MANGA WE KA SALE Dalgety and Company, Ltd., Palmerston North, report having a very faitr entry of sheep at their Mangaweka sale on Thursday, the 23rd instant. Competition was only fair, although the majority of the yarding was cleared. Aged ewes in lamb to Southdown rams, 18s 6d to 19s; four and five-year ewes in lamb to Southdown rams, 33s 7d to 35s Id; do., in lamb to Romney rams, 34s 6d; twotooth ewes in lamb to Romney Tams, £2; cull lambs 14s, small lkmba 20s to 23s 6d. CUSTOMS REVENUE. The Customs revenue receded at the port of Wellington yesterday aggregated £7062.

Barer*. Sellers. A a d. d. N.Z. Govt. Loans— Inscribed Stock (1989) 97 0 0 97 5 0 Inscribed Stock (1938) 97 0 0 97 5 0 Inscribed Stock (1933) _ 101 10 0 War Bonds (1930) 97 2 6 War Bonds (1933) 101 0 0 P.O. Bonds (1927) 98 7 6 — Debentures— N.Z. Breweries (bonds) 1 2 6 1 2 9 Banka— Australasia Commercial of Aus14 10 0 - tralia (ord.) Commercial of Aust* I 10 8 tl U 0 (new issue, paid) National of N.Z 1 10 6 11 3 0 1 10 6 New South Wales 41 7 « 41 10 0 New Zealand 2 13 3 2 15 9 Union of Australia... 14 18 6 FinancialNational Mortgage ... 8 18 0 InsuranceNew Zealand 1 14 9 tl 15 0 South British — 2 10 0 Meat Preserving— N.Z. Refrigerating (XI) 0 18 3 N.Z. Refrigerating (10s) Gear t 0 9 0 t0 9 3 2 1 8 2 2 6 Wn. Ueat Export (£3 12s 6d) Transport— —* 1 8 0 Huddart. Parker (ord.) 2 4 3 Northern Steam 0 IS 0 Union Steam (pref.).... Woollen — 1 0 0 0 IS Wellington ford.) Wellington (new Is6 5 0 sue* paid) __ 6 8 0 Wellington (pref.)....Timber— 8 6 1 12 2 16 0 6 0 1 13 1 2 • Breweries— Crown 2 1 6 Miscellaneous— Kirkcaldie and Stains N.2. Drug (contrib.) .. -0 8 0 *0 9 0 Wairarapa Farmers "(pref.) Wilson s Cement 0 17 0 113 0 1 13 6