THE WORLD OF COMMERCE

New Zealand Times, Volume LIII, Issue 12424, 19 April 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 stock, a b advised by tho Wellington Stock Exchange, are as follow Buyer*. Sellers.

12s. SALES IN OTHER" CENTRES Per Press Association. AUCKLAND, April 18. Sales reported,— Waihi, 20s; Taupirl Coal, l-7s 9d; Muir's Gold Reef, ss. DUNEDIN, April 17. Sales on 'Change.—Bank of New Zea. land, 60s 6d; Kawarau, 6s 9d; St. Bathan's “B3s prem. (two parcels). CHRISTCHURCH, April 18. Sales reported.—Union Bank, «£ls Is; Christchurch Gas, 245. Sales on 'Change.—E. S. and A. Bank (cum. div.), «£7 lGs 3d; Bank of New South Wales, JS44 10s (three parcels); Western Australian Bank, 56s 6d.

ENGLISH MARKETS FROZEN AND CHILLED MEATS LATEST QUOTATIONS. Australian and N.Z Cable Association. (Received April 18, 5.5 p.m.) LONDON, April 17. Sheep—’Canterbury, light 64d, .medium 6*l, heavy s|d; North Island, light 6{d t medium sid, heavy s|d; New Zealand ewes, Australian, firsts 4*l, seconds 4fd. Lambs Canterbury, medium lOd, heavy 9|d; Australian, seoonds and thirds, all Bd. Chilled beef—Argentine, fores 2|d, hinds s*l; Uruguay, none offering. Other meats unchanged. MISCELLANEOUS. Cotton —Liverpool quotation for Amen-* can middling upland, May delivery, 9.47 d a pound. Rubber — 1 Fine hard Para, 24*1 ft pound; plantation, first latex crepe, 23*1; smoked ribbed sheet, 23*3. Jute —Indian native, first marks. May shipment, JJ4G a ton. Hemp—New Zealand, March-May shipment, .£3B a ton. Copra—Bagged, South Sea, MarchApril shipment, ,£2B 5s a ton. Linseed oil, J 530 5s a ton, equal to 2s 5d a gallon Turpentine, 64s per cwt, equal to 4e 10s a gallon. WHEAT Australian and N.Z. Cable Association (Received April 10, 0.25 a.m.) LONDON, April 18. Wheat cargoes are quieter, with quotations occasionally a turn easier, owing to weak American closing advices. For parcels there is small inquiry, at 3d decline. Liverpool futures: May 11s 6d, July 11s 6 l-Bd, October 10s Bia. “BUTTER LOWER” Messrs Dalgety and Co., Ltd., are in receipt of advice from their London office,- under date of 16th instant, which reads Since our report of yesterday, butter 2s per cwt lower (N.Z. finest salted now 1<2«); cheese. Is per cwt lower (coloured 965, white 945). frozenHeatmarket Messrs Levin and Co., Ltd., have received the following cable from their London agents, date April 16th. 1926: — Frozen meat quotations (prices on a “delivered” basis, i.e., including storage charges, cartage, tolls, etc.): Down lambs, 28 to 42'*, 10*1 per lb; best North Island, 28 to 42's, lOd: ordinary North Island, 28 to 42’s. 93d; second quality lamb, 9*l; best North Island wethfer sheep, 48 to 64’s, 6*l; 64 to 72’s, 5-Jd: ordinary North Island wether sheep, 4S to 64's, 6d; North Island ewes. 48 to 64 a, 41d; 64 to 72's, 4d; New Zealand prime ox beef. 160 to 220 V, 3*l. , , The lamb market is steady. The prices for mutton are week and the demand poor.

FROZEN MEAT FOR GENOA The New Zealand Meat Producers' Board lias arranged with the shipping companies to put on the berth a vessel to load frozen meat for Genoa in May. TALLOW SALES \Messrs W. Weddel and Co.. Ltd.. London, cable to A. H. Turnbull and Co , under date 14th instant, ns follows: —At tallow auctions to-day 1000 casks were offered, of which 460 casks were sold. Late rates to 3d more. Mutton tallow unchanged. FEILDING SALE Dalgety and Co., Ltd., Palmerston North, report having a very good yarding of sheen and a fair entrv of cattle at their Feilding sale on Friday, the 16tli instantQuotations—Small lambs. 7s. 7s 6d, 8r to 8s 6d; medium lambs. 11s. 12s 4cl to 13s; good w.f. wether lambs, 15s 3d to 16s; empty ewes, Bs, 8s 9d to 11p; light fat cows, J 54 15s to «£5; light fat bollocks. to ,£8 19s 6d : 4 and 5-yen r f. nnd f. bullocks. 2s; dairy cows, J 24 10s to c£s. CUSTOMS REVENUE The Customs revenue received at the port of Wellington on Saturduy aggregated JBS34S*

FAT STOCK FOR EXPORT WEEKLY PRICES. The New Zealand Meat Producers' Board advises tliat tho following prices are being offered, April 16th, 1926: Auckland. —Prime woolly lambs. 36under Sid, 37-421 b 7*l; second quality lambs, 7id. Poverty Bay.—Prime woolly lambs, 36under Sd, 37-421 b 7d; second quality lambs, Gjd. Hawke’s Bay.—Wethers, 56-under 57-641 b sd, 65-7218 4*l; second quality wethers, 4*3; ewes, 56-under 3*l, 57-641 b 3*l; prime woolly lambs, 36-under 9d, 37-421 b 7|d, 43-over 7d; second quality lambs, 7*l; prime ox beef, 27s 6d per 1001 b. Wellington.—Wethers, 56-under 5Jd, 57-641 b sd, 65-721 b 4*l; ewes, 56-under 3Jd, 57-641 b 3*l; prime woolly lambs, 36under 9d, 37,-421b Bd, 43-over 7id. Canterbury.-^-Wethers, 56-under ‘6*3, 57-641 b s*l; ewes. under 481 b 4id. 46-6411), 3|d; prime woolly lambs, 36-under 9£d, 37-421 b B*l, 43-over 7|d; second quality lambs, 36-under 8*1; over 361 b 7*l. South Otago.—Prime Woolly lambs, 36-under 9Jd, 37-421 b 7jd; 43-501 b, 7*3. Southland,—Prime woolly lambs, 36under 9d, 37«421b 7sd, 43-50 lb 7d.

THE LONDON^MARKETS LAMBS REPORTED “STEADY” BEEF MARKET OVERSTOCKED. The New Zealand Meat Producers' Board has received the following cable from its London office, dated April 16th, 1926, advising Smithfield delivered prices at that date ns follows. (Prices for the two previous weeks are also shown m parentheses!: — New Zealand wethers and maidens.—

Canterbury quality, selected brands (new season's), 56-under April 16th ‘6*3. (6*3, 6fd), 57-64, 61 d (—, 64d), 65-72 sfd (s*l. 6d); other brands, 56-under 6*l (6*3, 6j|d), 57-64 5Jd (Gd, 6d), 65-72 s|d (s*l, 5*1); New Zealand ewes, 64-under 4*l <4*l, 4*l). New Zealand Lamb.—Canterbury quality (new season's), 36-under 16*f (10*1, 10*1), 37-42 lOd (10*1, 10*1), 43-50 9*l (9*l, 9|d), seconds 9|d (9Jd, 9*3); selected brands (new season’s), 36-under 10*1 (10*1. lOJd), 37-42 lOd (10d, 10), other brands, first quality (new • season's), 42under Old (9*l, 9ia), seconds 9*l (9Jd, 9*l). New Zealand beef.—Ox, fores 3|d (S|d, 3*l), hinds 4*l (4Jd, 4ld); Argentine chilled beef, ox, fores 2fd (Sjd, 3d), hinds ssd (s{d, 6d). Argentine frozen beef. —Ox, fores and hinds not quoted; frozen pork, 80-120 lb and 120-180 lb not quoted; frozen veal, not quoted. Lamb market steady, consumption satisfactory. Mutton, demand remains dull. Beef market is overstocked with Argentine chilled beef. MANGAWEKA SALE Dalgety and Co., Ltd., Palmerston North, report having a moderate entry of sheep and cattle at their Hangawekm sale on Thursday, the 15th instant:--Quotations —Wether lambs, 14s; 6mall lambs, 7s to 8s 7d; small 2-tooth ewes, 17s Id; small 2-tooth wethers, 18s TOd to 19s 4d: fat and forward wethers, 24s 3d. In conjunction with Abraham and Williams. Ltd., nnd the N.Z. Farmers* Coop., Dist. Co.. Ltd., a 1 line of wether lambs sold on account of A. Russft I estate, realised 16s 6d.

£ 8. d. £ B. d. N.Z. Govt. Loans— Inscribed Stock U939) 96 'Z a — Inscribed Stock (1938) 90 2 6 — Inscribed Stock (1933) 99 10 0 100 0 0 War Bonds (1939) 9G 2 6 — War-Bonds (1938) P« 2 6 — (1933) 99 10 0 — P.O. War Bonds (1927) 98 0 0 — "Debentures — Wn. Baring Club ... 106 10 0 — N.Z. Breweries (bonds) t 6 1 1 6 5 Makerua Drainage ... 97 0 0 — Banks— Australasia 13 18 0 — New Zealand — s n 9 TTnion of Australia ... 14 19 0 15 1 0 Commercial of Sydney — 25 17 6 Financial— Equitable Building ... 8 15 0 — 0 National MortgaeA ... — 3 17 N.Z. Guarantee Corp. (ord.» 0 9 5 0 9 10 Wn. Invest. T. and A. 0 10 3 — Wn. Trust Doan 6 6 0 — Gas— Christchurch 1 3 0 — Wellington (ord.) 1 7 1 — Wellington (pref.) 0 16 0 — Insurance— National — 4 0 0 New Zealand 1 18 6 1 10 6 Meat Preserving— N.Z. B e f r i g erating (HR) 0 8 0 0 8 9 Gear — 1 19 0 Transport— Huddart-Parker (ord.) 2 4 0 2 4 4 Woollen— Wellington (pref.) 6 1 6 — Coal— Westport — 1 15 6 Waipa — 0 15 3 Timber — Kauri 1 13 0 1 13 9 Leyland O'Brien — 3 3 3 Breweries— Manning and Co 2 2 0 2 2 6 Staples and Co — 2 0 6 N.Z. Breweries ......... 2 17 0 2 19 3 Tui 1 12 6. — MiscellaneousElectrolytic Zinc (pref.) 1 15 0 1 16 0 Taranaki Oil Fields ... 0 10 7 Waira rapa Farmers' (pref.) — 0 17 0 Wilson's Cement — 1 16 1 Mining— Mount Lyell — 1 6 Waihi — 1 0 Sales reported.—Taranaki Oil Fields,