THE WORLD OF COMMERCE

New Zealand Times, Volume LIII, Issue 12395, 15 March 1926, Page 8

THE WORLD OF COMMERCE

WELLINGTON STOCK EXCHANGE

SATURDAY'S QUOTATIONS, (10 a.m. Call.)

Saturday’s closing quotations for premiums of investment and mining etooir, as advised by tho Wellington Stock Exchange, are as follow :

•Cum. div. SALES IN OTHER CENTRES. Per Press Association. AUCKLAND, March 13. Sale on ‘Change.—Wilson's Cement, 36s 6d. Sales reported.—Kaiapoi Woollen, 10s Id; Sanford, Ltd., 10s Id. DUNEDIN, March 13. ' Sale on ’Change.—Dominion Rubber, 58s 6d.

FROZEN AND CHILLED MEAT

LATEST j LONDON QUOTATIONS. Australian and N.Z. Cable Association. (Received March 14, 5.5 p.m.) LONDON, March 13. Sheep.—Canterbury, light 6fd, medium 6£d, heavy 6Jd: North Island, light 6id» medium 6Jd, heavy Gd; New Zealand ewes, All the above are new season’s prices. Australian ewes, 4±d; Argentine, heavy 4fd. ewes 4d. Lambs.—Canterbury, heavy seconds 73d; other selecteds, light lOfd, medium 10fd; North Island, firsts 9|d; Australian firsts, Victoria Bid, others 7sd; seconds, Victoria, 7sd, others 7sd, thirds 7£d; Argentine, firsts, light B£d, medium 7fd, seconds 7d. Frozen meat (nominal).—New Zealand, fores 3Jd, hinds 4|d; Australian, crops 3£d, hinds 4Jd. Chilled beef. Argentine, fores Sid, hinds 3Jd to 6d; Uruguay, fores 23d, hinds s£d; others, unchanged. TOPICAL PRODUCTS. Australian and N.Z. Cable Association. (Received March 14, 5.5 p.m.) LONDON, March 13. Cotton, April delivery, 9.34 d a pound. Rubber, Para 26Jd a pound, plantation and smoked 30Jd. Jute, March-April shipment, £52 per ton. " Hemp, January-March shipment, £39 per ton. Copra, March-April shipment, £29 per ton. , Linseed, £3l per ton. Turpentine, £66 per ton. LONDON WOOL SALES RANGE OF PRICES. Messrs Levin and Co.. Ltd., have received the following cable from their London agents, Hated March 12th, 1926: '‘The auctions continue fairly animated, The following prices are current:— Merino, super 251 d per lb, average 22d to /24d; fine malfbreds, super 56-58’s 2ld to 23d, average 19d*to 20d; medium, super 50/56’s 18d to 20d,. average 17d to 18d; coarse halfbreds, super 48/50’s 16d to average. 15d to 16d; fine crossbreds, super 46/48 , s 16d to 17d, average 34d to 15£d; medium crossbreds, super 44/49*8 15d to 16d, average 14d to 15d; coarse crossbreds, super 40/44’s 14d to 15d, average 13d to 14d; low crossbreds, super 36/40’s 14d to 15d, avertige 12d to 13d; pieces, 12d to 13d; bellies, lid to 124 d: locks, B£d. “Competition active for finer grades, but lower grades the competition is irregular.'” BUTTER AND CHEESE Messrs AV. AVeddel and Co., Ltd., have cabled to Messrs A. H. Trunbull and Co. the following top weekly quotations for butter and cheese for the lost four weeks:—

Rutter. —The butter market is slow and buyers generally are not operating freely. Wodo. not nnticipiite any great improvein butter prices in the meantime. From the figures set out below, it will be seen that our butter production and tho shipments of butter to tho end of February show a heavy decrease over last season’s figures. Forward buying.—Forward buyers are showing practically no interest in butter or cheese. Cheese.—The cheeso market is slow, whilst, tho chief point of interest in the statistical poislion is the large stocKs of cheeso still in store in New Zealand at the end of February, ns compared with tho two previous years. STATISTICAL POSITION.

IMPORTS IN FEBRUARY Messrs DafgeTy and Co.. Limited, report having received tho following cablegram from their London house, under date of the 12th instant:—“Total imports of butter into United Kingdom for Februo rv inist amounted to 43,000 cwt. an compared with 62.000 cwt for corresponding month last year."

CUSTOMS REVENUE

The Customs revenue rereived nt the port of Wellington on Saturday aggregated £3510.

RECORD SHIPMENT

APPLES FROM NELSON . Per Press Association. NEL9ON, March 13. What will probably be a one-day apple shipment record will be made on Monday, when tKs&Tiipki will take 20,000 cases of export<fppleS’ < from Motueka, the Kaitoa 7000 cases from Mapua, and the Arahura 3000jfrp& Port Nelson, a total of 30,000 the Nelson district's three apple snipping ports. Between 140,000 and 150,000 cases of export fruit have already been sent to Wellington for shipment abroad, in addition to large quantities sent for the New Zealand markets. GENERAL PRODUCE WELLINGTON WHOLESALE PRICES. Laery and Co., Ltd., report wholesale values as follow: —Mixed fowl feed, 7s 6d per bushel sacks in; linseed meal (Moose brand), 16s; linseed v nuts (Moose brand), 14s; oyster shell grit or pipi shell grit, 6s per 1001 b; moat meal, for poultry, 13s per cwt; oats, machine dressed, seed Algerians 6s 6d, farmers’ dressed seed Algerians ss, crushed* 5s _6d, Duns 5s 6d to 6s 6d, Gartons 4s 9d to 5s 2d per bushel, sacks in; shelled oats, for chickens, 6s per bushel, sacks in; partridge peas, 7s Cd, feed peas 7s per bushel, sacks in; wheat, Ss 6d to 8s 9d per bushel, sacks in; eggs, first grade, new laid 2s 6d to 2s Bd, storekeepers’ 2s 4d, preserved 2s per dozen; butter, farmers’ separator ana dairy. Is Id to In 4d per lb; fowls, AVhito Leghorns 4s 6d to ss; Black Orpingtons and similar varieties 7s 6d to 10s per pair; turkeys. Is Id to Is 4d per lb; ducks, 7s 6d to 10s, large whites lCs to 13s per pair; fungus, 8d to 9d per lb; dressed pork, 60’s to 90’s, 7d per lb; sucking pigs, 8d to 9d per lb; suerosine, £l2 15s; Molass meal, £ll per ton; Blcn-

heim chaff, ton lots, £lO 5s per ton, sacks in; rock salt, 6s 6d per cwt; molasses, in casks 40s per calk, in cwt cases 8s 6d per case; mutton birds, in casks of 500, 6d per bird; bran, J-ton lots or over, £lO per ton; pollard, &-ton lota or over, £ll per ton.

STOCK SALES

FEILDING. Dalgety and Co., Ltd., Palmers toS North, report having a very good entry of sheep and a moderlate yarding of cat* tie at their Feilding sale on Friday. There was a steady demand for sheep, good ewes selling particularly well. Cattle were dull or sale and a number of pens failed to change hands. Quotations: —Fat lambs, 20s; fat ewes, 14s 9d to 15s 7d; small lambs, 7s lOd, 8s 7d, 9s 8d; w.f. lambs, 13s 2d, 14s, 15s 2d to 15s 8d; b.f. lambs, 15s 3d, 15s 6d, 16e 3d, 16s 4d to 17s 6d; small 2-tooth wethers, 16» 9d; 2-tooth ewes, 23s 4d to 25s 6d; 4-tooth, ewes, 255, 265, 275; 4- and 5-year ewes, -••is Id to 21s sd; cull ewes, 7s to 8s; 2J-year Hereford cross steers, £4 8s; light fat cows, £3 10s to £4 10s; Jersey cross weaner heifers, £2.

Buyers. Sellers. £, s. d. £ s. d. N.Z. Govt. Loans— Inscribed Stock (1938) — 96 5 0 inscribed Stock (1930) — 98 2 6 War Bonds (1938) — 96 5 0 War Bonds (1940) — 96 e 0 P.O. Inscribed Stock (1929V 97 5 0 — P.O. Bonds (1927) 97 15 0 — Debentures— Wn. Pacing Club — 107 10 0 N.Z. Breweries (bonds) 1 5 9 1 6 0 Banks— New South Wales .... 43 15 0 — New Zealand 2 19 \\ 2 19 fi Union of Australia ... — 14 19 6 Commfercial of Sydney — 25 17 6 Financial — Dalgety and Co — 17 0 0 N.z. Guarantee Corn. (ord., 8s) 0 9 1 — Wn. Invest. T. & A.... — 0 10 s Meat Preserving— Gear ... % — 1 19 9 Transport— Huddart-Parker (ord.) — •2 6 0 Union Steam (pref.) ... 1 0 0 — P. & 0. Defd. Stock 220 0 0 — Woollen— Wellington (pref.) 5 19 0 — Coal— Westport — 1 14 0 Waipa — 0 17 0 Timber— Kauri 1 12 9 1 14 0 Leyland, O'Brien , 2 2 0 2 S 6 Breweries— Manning an& Co 2 3 3 2 3 9 Miscellaneous — Brit. Tobacco (Aust.) (ord.) __ 2 8 0 Electrolytic Zinc (pref.) 1 15 0 1 16 0 National Electric — 0 19 9 Newton King (pref.) ... — 0 17 0 Taranaki Oil Fields ... 0 9 9 — Wairarapa Farm ers' (pref.) — 0 17 3 Mining— Kawarau 0 5 11 —

Feb. Feb. Fob. 12th. 19th. 26th. 6th. Danish hutter .. 192 196 200 192 N.Z. salted 178 178 Salted .. 176 174 176 172 Cheese, white .. 100 100 102 Coloured .. 105 102 104 102

Cheese. Tons. Tons. Tons. 1924. 1925. 1926. Graded to Feb. 28th 45,900 56,150 48,650 Shipped to Feb. 28th 34,4*50 42.450 3-4,625 In store on Feb. 28th 3.200 8,650 9,150 Cheese. Graded to Feb. 28th 52,950 50,450 52,700 Shipped to Feb. 28th 42,071 40,357 37,571 In Store to Feb. 28th 5,950 8,2.50 13,000