THE WORLD OF COMMERCE WELLINGTON STOCK EXCHANGE

New Zealand Times, Volume LIII, Issue 12394, 13 March 1926, Page 6

THE WORLD OF COMMERCE

WELLINGTON STOCK EXCHANGE

YESTERDAY’S QUOTATIONS (3.15 p.m. Call.) ; Yesterday’s closing quotations for premiums. of investment and mining stock, as advised by the Wellington Stock Exchange, are as follow

SALES IN OTHER CENTRES Per Press Association. , CHRISTCHURCH, March 12. Sales reported: National Bank of New Zealand. £6 .11s 3d; Bank of Victoria,' ord., .£8 2s 6d; Northern Steam, 15s Id; Kaiapoi Woollen, 10s id; Christchurch Gas, 24s 6d; New Zealand Drug (cum. div.J, 675. , Sales on ’Change: New Zealand Refrigerating (10s pd.), 8s 7d, 8s 6d (two parcel?); N.Z. Breweries, 565. DUNEDIN, March 12. Sales: St. Bathans, A issue (2s), Is lOd prem. . . v .. > Sale reported: Dominion Rubber, 575. AUCKLAND, March 12. Sales: New Zealand Insurance, 38s 9d; Taupiri Coal (pref.), 24s (two sales); Aukclaiid Gas, 22s sd; Northern Steamship, 15s ' 4d; Kawarau, 6s; New Waiotahi (cont.), 4jd. ,

ENGLISH MARKETS , LATEST QUOTATIONS. Australian and N.Z. Cable 'Association (Received March 12, 8.20 p.m.) LONDON, March 11. Cargoes firmed from threepence ‘ to sixpence'asthe result of the-American advance -and better Continental inquiry. Seles were made at 53s f 6d. ' For parcels there was a quiet request at sixpence and ninepence dearer. Liverpool futures: March, 10s Did; May, 10s July, 10s DJd. The spot trade is quiet. Australian, ex ship, 565. Flour is dull) Australian, ex store, 48s 6d. Oats are quiet. A Gartons, 38s 6d. Peas: Maples are in small supply and good demand. Tasmanians, 85s to 90s; New Zealand, 75s to 80s. Blues are almost unsaleable owing to the inferior quality. Tasmanians. 240 s to 860 s; New Zealand’s, 240 s to 3405. New Zealand beans, 44s to 465. ■ Metals; Copper, £SB 18s 6d to .£59 18s 9d a ton;'lead, £3l 8s 9d to £3l 13s 9d; spelter, £34 6s 3d to £34 7s 6d;. tin, £l9B 8s 9d tb £286 lls 3d; silver, standard 30 7-16 d an ounce; fine, 32-id.

WOOLSALE INCREASED PRICES. Per Press A-nation . INVERCARGILL, March 12. The second and final wool sale was held ~ here to-day, when a catalogue of 6700 bales 'was submitted. There was a representative bench of buyers.. ')■ When the quality of the wool as considered prices showed an increase of 2jd on last sale and Id better than the Dunedin sale. ") . . . - Halfbred super nil; medium 14Jd to 16Jd, inferior 12d to 14d; three-quarter-', bred super nil, medium 12Jd to Hfil, inferior 10|d to 12id; medium crossbred; super 14d to 15Jd, medium UJd -to 13Jd, coarse 10)d to llid; coarse crossbred, super nil, medium did to I2M, inferior 9icl to 104d;’ hogget, super 16d, medium 12Jd to 15Jd, coarse 11-Jri to 12id; wether, super nil, medium 12d to 14d, inferior 10 jd to Hid; pieces, first crossbred 9id to 121 d, second crossbred 7id toi9d; bellies, first crossbred 9d to IDJd, second crossbred 71 d to B|d; crutchings, first crossbred 6fd to Bd, second crossbred 5Jd to 7ld ; necks, first crossbred 10Jd to Hid, second Crossbred 8d to 9Jd, matted 10jd to lid; locks, 31d to 5Jd: lamb, first combing 14fd to 17}d, second combing llid to 12Jd. \ HOME MARKETS FROZEN MEAT Messrs Dalegty, and Co., Ltd;, report having received the following cablegram from their Loudon house, under date of the Uth instant:—j Lamb—New Zealand prime crossbred lamb, Canterbury', heavy and ltohfc,, hot quoted; North Island, heavy ,7d» .light 10d. Fair demand for New Zealand lamb. ' Mutton—New Zealand prime crossbred mutton, Canterbury, heavy and light, not quoted; North Island, heavy 5Jd, light sfd.' Any change in price is in favour of buyets. Demand runs principals on light weftrlxts. Beef New Zealand orime ox beef, hinds 4d, fores 1 Market for .New • Zealand beef is nominal; there is no demand. Australian frozen meat—Gpod, average quality crossbred lamb, light 7jd, heavy 6d. Demand tuna principally on poorer qualities. Good average quality crossbred mutton, heavy 4d. light 44d. Market quiet* demands runs principally on light weights. Pork—Market very quiet. Pricee are unchanged. DAIRY PRODUCE Messrs Dalegty and Cp., Ltd., report having received the following cablegram from their London house, under date of the 11th instant:— Butter—Market firmer. We quote New Zealand, salted .172 s (168 s); Danish, 186 s

(198 s); Australian, finest salted 168 s * (1645), unsalted ,172 s (1665). Cheese—Market slow. Quotation: New Zealand cheese, coloured 191 s (102 s), white 98s (995); Canadian, spot, 106 s. LONDON WOOL SALES Messrs Murray, Roberts and Co.. Ltd., .are in receipt of the following wool market cablegram from their London agents, dated 11th instent:— Crossbred greasy medium and coarse declined 5 per cent . . SHIPMENTS OF MEAT FROM SOUTH AMERICA The New Zealand Meat Producers* Board has received a cable from its rts presentativ© at Buenos Aires, • South America, .advising the following? shipments to the United Kingdom for the fortnight ended March 4th, 1926, from Argentine and Uruguay2l6,l2o quarters chilled beef,. 26,572 -quarters frozen beef, - 71,895 carcases frozen mutton, 48,167 frozen lamb. * The'.quantity shipped to the Continent of Europe during the same period totalled:—€62 quarter* ohillea beet, 261,100 quarters frozen beef, 22,111 carcases frozen mutton, 1540 carcases frozen lamb. ... CANTERBURY MARKETS CONTINUED ACTIVITY. Per Press Association. CHRISTCHURCH, March )2. There has ' been a continuance of the activity reported earlier in theweek in the potato market) Further Australian inquiries have been made, and some business baa Been done at £8 10s to £8 15s, an advance of 10a to 15a' a ton since a fortnight ago. Mart of .the Australian business is for May-June. Northern'quotations are on a basis ; of. £7 5s to £7 10s f.0.b.5.i., but so far there is little inquiry from that quarter. If the present Sydney prices hold near the present level it is undoubted that a good few tubers will find their way over the Tasman. The erratic shipping which restricted last year’s export business is unlikely to recur this season, as the Australian crders are coming to hand early enough to enable better arrangements to be made by shippers. Growers are realis-. ing that the present on truck price of £5 10s to £5 15s is an exceptionally good one, and there has been much freer soiling during the week. April potatoes are worth the lower figure, but May and June deliveries have been sold at £5 15s. Merchants complain that the seed market has rarely been so dull in March. Perennial ryegrass has again brightened up, and has been sold at 6s 3d f.0.b.5.i., equal to 4s 6d on trucks. Merchants arc now asking 6s 6d. Italian is Worth 3s to 3s 3d on trucks. Cowgrass is not offering yet. It is quoted at $d to 9d a lb on trucks) White clover is worth up to lid for good seed. Partridge peas are firmer, and are quoted at 6s fid a bushel at country stations. Reports from the south are to the effect that the fescue market, which opened at Is a lb, has eased back to 9d. A sample of dressed dogstail has come to hand, for which la fid a lb has been asked. This figure is considered higher than market prospects warrant. Millers prices of 6s Bd, 6s lOd, and 7s f.o.b. remain unchanged. A few sales have been made by farmers at this figure. A meeting of Distributors, Ltd., is to be held m Dunedin next week, when it is expected that wheat and floui prices will be reviewed.

A. H. Turnbull and Co. report:—Wo are in receipt of a cablegram from .our principals, Messrs W. Wedilel and Co., Ltd., dated London, 10th instant, reading as follows:—'At tallow auction today 900 casks were offered, of which 400 casks. were 6old. Market unchanged.”

Buyers. Sellers. N.Z. Govt. Loans— £, .s. d. Jt e. d. Inscribed Stock (1938) — 96 5 0 Inscribed Stock (1930) — 98 2 6 War Bonds (1333) P.O. Inscribed < Stock 99 10 0 (1929) P.O. Inscribed Stock 97 5 0 (1927) : 97 15 0 — P.O. Bonds (1927) Debentures—. 97 15 0 Wn. Racing Club — 107 10 0 Wellington Gas Wn. Hospital* 5£ p.c. 100 0 0 (1935) Banks— T“ 96 15 0 Commer. of Aug. (ord.) 1 9 6 1 10 9 National of N.Z — 6 15 6 New South Wales 43 10 0 44 0 0 New Zealand 2 19 0 2 19 6 TJnion ,of Australia ... Financial — Abraham & Williams 14 19 0 (ord.) 4 6 0 Goldshrongh Mort. •... N.Zi. Guarantee Corp. 2 6 9 "• ~ 1 (ord., 8s) N.Z. 'Guarantee Corp. 0 9 2 0 9 6 (pref.) N:Z. Loan and Merc. 1 1 e — Agency (ord.) — 94 0 0 Wn. Trust Loan Gas— 6 6 0 — Wellington (J21) Insurance— 1 7 0 '' T National — 3 19 8 Queensland Meat Preserving— 2 9 0 2 13 0 N.Z. Refrigerating (JB1 0 18 b Gear ... % Transport— 1 19 9 Union Steam (pref.l ... 1 0 0 Huddart-Parker (ord.) Coal— •2 6 0 Westpcrt , Timber— 1 14 3 Leyland, O'Brien 2 2 0 2 3 6 National '.. ;. Breweries— 0 19 0 ■1 0 0 Crown 0 19 7 — Manning and Co 2 3 0 2 4 0 Staples and Co N.Z. r Breweries — ] 17 6 2 15 0 — Ward and Co Miscellaneous— 2 4 0 \i 6 6 C. M. Banks (pref.) ... Brit. Tobacco (Aust.) — 0 18 b (ord.) Electrolytic Zinc 2 8 3 (pref.) 1 15 0 1 16 0 National Electric 0 19 9 Taranaki Oil Fields ... Wairarapa Farm ers* 0 JO (J (pref.) Mining— “7 0 17 3 Kawdrau —* 0 6 4 •Cum. dir. fEx. distrib.