COMMERCIAL.

Southland Times, Issue 19229, 20 May 1921, Page 2

COMMERCIAL.

STOCK EXCHANGE. YESTERDAY’S BUSINESS, Bidding was not brisk at yesterday’s call, there being an evident desire to sell rather than buy. This, however, did not apply to Government stocks which are in general demand. A sale of Bank of New Zealand’s was reported at Monday's closing quotations, and sellers were holding out for only 3d more at the call. Milk Products were reported sold at 16/- and the offer by sellers was the same. Union Bank’? declined a shilling. Milburn Lime and Cement Co. eased sixpence. Sales reported:— Bank of N.Z. at £2 6/6; N.Z. Milk Pro- ; ducts at 16/-. Following are yesterday’s quotations (subject to brokerage) : Bank of N.Z., sell £2 6/9 Union Bank, sell £ll 19/Westport Coal, sell £1 6/9 Southland Farmers’ Co.-Op., sell £3 10/War Bonds, 1938 and 1939, buy £B2. Soldiers’ Settlement Bonds, buy £9l. N.Z. Milk Products, sell, 16/-. Southland Frozen Meat Co., £1 ord., sell £1 5/-; 10/- ord., sell 12/6; £l, pref., sell £1 5/-. Waihi Grand Junction, sell 10/-. D.I.C. (pref), sell £l. Milbum Lime and Cement, sell £1 9/6 Papuan Products, sell 1/-. Greater Lyceum, buy 2/6, sell 6/6 WOOL SALES AND EXPORTS. TOTALS FOR APRIL. Sales of wool in New Zealand during April, according to figures compiled by Dalgety & Co., Ltd., were:—

702 201,894 129,923 505,257 • Previously offered. Exports of wool during April were:— Corres-

TALLOW EXPORTS. Exports of tallow to United Kingdom and Continent during April were:—

tons. HIGH COMMISSIONER’S REPORT. The Department of Agriculture has received the following cablegram, dated 13th instant, from the High Commissioner for New Zealand, London:— Meat—Market continues dull with slow demand and still influenced by large supplies of beef. April shipments of beef from all parts to Great Britain are 470,000 quarters frozen, 260,000 quarters chilled. New Zeaalnd--Wethers .. Bd-9d Bd-9d Ewea .. .. 7jd ' Lambl/1-1/21 1/2$ 1/2 New Zealand Beef —No demand; quotations nominal. Chilled Beef-Hinds, lOd, Hid, lOAd; fores, 4id, sd, sid. It is reported that Argentine shippers intend restricting beef shipments by 50 per cent, owing to heavy stocks held here. BUTTER—Market steady for best quality. New Zealand—May 13: 194/- to 196/per cwt, 1/8J to 1/9 per lb; Australian, 186/- to 190/- per cwt, to 1/8J per lb; Argentine, 160/- to 170/- per cwt, 1/5| to l/6i per lb. May 7—New Zealand, 196/to 198/- per cwt, 1/9 to 1/91 per lb; Australian, 190/- to 194/- per cwt, 1/8} to l/8t per lb; Argentine, 170/- to 174/- per cwt, 1/61 to 1/8$ per lb. April 30—265/to 270/- per cwt, 2/41 to 2/4| per lb; 253/to 258/- per cwt, 2/3 to 2/31 per lb; 224/to 238/- per cwt, 2/- to 2/11 per lb. May 13—Danish: 192/- to 198/- per cwt, 1/81 to 1/9J per lb; Irish, salted 180/- to 190/- per cwt, 1/71 to 1/81 per lb, unsalted 184/- to 195/- per cwt, 1/7$ to 1/9 per lb. May 7 —Danish, 190/- to 200/- per cwt, 1/81 to 1/91 per lb; April 30—230/- to 240/- per cwt, 2/3| to 2/4f oer lb. CHEESE.

FRUlT. —Australian, prices continue satisfactory for good quality stuff though much is wasty. Apples, prices range from 21/- to 27/- per case. Cox Orange and Cleopatras **»p of the market. Pears, considerably wet, elishs 10/- to 40/-, according to variety

and quality. “Hororata” arrived May 12 and commenced discharging. First sales may be to-day or early next week. Market more or less cleared and fruit should command good prices if condition is satisfactory. HEMP.—-Market feels the effect of the coal strike. Manila market quiet and small business doing. “J” grade May-July shipment sold at £39 per ton.; February-April shipment quoted £42 per ton early this week, now at £4O per ton. New Zealand market continues dull, nothing doing. Sellers quote high-points, afloat and May-July shipment, £4O; fair, spot, £36 per ton. Possible buyers at 40/- lower. WOOL.—Sales closed yesterday. During this series 700 bales free New Zealand were offered and all sold. Throughout series Continental buyers have given good support and as sales progressed Home buyers became more active and prices improved. At the close merinos were selling at 10 per cent, to 15 per cent, above April rates. Crossbreds, selection limited, but received more attention, and at the close price about 10 per cent, higher than closing rates last series. This week B.A.W.R.A. offerings consisted of— AUSTRALIAN. Bales. Merino, greasy 9650 Merino, scoured 1950 Crossbreds, greasy .. .. .. 3800 NEW ZEALAND. Crossbreds, greasy 1600 Crossbreds, scoured 500 Crossbreds, slipe 1400 Reconditioned 600 Practically all sold on the same basis as free wool. Average closing values:— May 13. April 16. 60/64’s (Merino) 1/1 to 1/4 1/-to 1/2 56’s (super ibd) 1/-to 1/3 lljtol/1 50’a (A bred) 10 to 1/- 9A to 11 48’s (fine xbd) 9to 11 8 to 10 44/46’s (med. xbd) 7Ato9J 6J to 8J 36/40’s (coarse xbd) 5 to 6£ The continuance of the coal trouble undoubtedly affects Home trade, and in the absence of a settlement it is difficult to gauge future prospects. Next series commence June 7. BRISBANE WOOL SALES. (By Telegraph.—Press Assn. —Copyright.) (Australian and N.Z. Cable Association.) BRISBANE, May 19. Buyers fully representative of the trade attended the wool sales, at which 12,000 bales were catalogued. The best features of the opening day were again present.

r CorresInvercargill April, 1921. Sold. Bales. ponding 10 piths., 1920, Total for offered 10 months. and Off. Sold. Sold. Bales. Bales. Bales. 6,744 6,004 26,051 Dunedin 31,123 18,736 51,594 Oamaru — 648 648 12,179 Timaru *123 27,764 16,315 33,032 Christchurch *579 54,030 40,700 68,196 Nelson — 520 520 6,997 Blenheim —— 1,050 1,050 13,533 Wellington 24,838 16,039 95,323 Wanganui — 13,274 5,418 40,762 Waitara —_ 916 916 7,680 N apier — 28,564 15,789 66,496 Wairoa — — — 3,873 Gisborne, Tokomaru Bay, Tolago Bay - 2,032 2,032 44,650 Auckland — 10,391 5,756 34,891

Invercargill .. .. Dunedin Apri 19<. Bales. 1,027 4,583 Total pondfor ing 10 10 months months. 1920. Bales. Bales. 22,435 29,874 19,575 28,137 Oamaru 170 170 3,443 Timaru 3,321 35,292 31,075 Christchurch 14,345 61,513 89,628 Blenheim.. .. .. — 3,045 12,102 Nelson 658 6,561 4,601 Wellington .. .. 13,827 111,278 66,618 Wanganui .. .. -—! - 18,791 41,493 New Plymouth .. — 2,229 694 Waitara 217 5,369 8,375 Napier and Wairoa 7,771 50,423 92,186 Gisborne and Toko maru Bay 8,780 42,596 26,557 Auckland and Whangarei 1,175 19,145 50,530 Totals .. .. 55,874 398,424 485,313

April, Tons. CorresTctal pondlor 10 Tons. ing 10 months Tons. Invercargill .. .. 28 1,588 1,940 Dunedin 50 1,328 952 Oam aru — 203 348 Timaru 24 1,112 1,682 Christchurch .. .. 272 3,421 4,014 Blenheim — 13 103 Nelson 60 163 64 Wellington.. .. .. 1299 8,549 7,043 Wanganui — 1,140 656 New Plymouth —-T 640 619 Waitara 49 239 272 Napier and Wairoa Gisborne and Toko391 2,402 2,037 maru Bay .. .. 533 2,286 1,192 Whakatane Auckland and — 107 70 Whangarei .. .. 470 3,296 3,456 3176 26,487 24,448 Sales of tallow during April totalled 26

White. Canadian— per cwt. per lb. May 13 quotations. May 7 158/1/4$ April 30 156/- to 158/ 1/44 to 1/4$ New Zealand May 13 138/-to 140/ 1/2$ to 1/3 May 7 138/-to 144/ 1/2$ to 1/3} April 30 142/1/3 Australian— May 13 134/-to 138/ l/2|toI/2? May 7 136/-to 138/ l/2itoj/2i April 30 140/1/3 f Canadian Coloured. per cwt. per lb. May 13 No quotations. May 7 162/- to 164/ Not quoted. April 30 1/51 to 1/5 A New Zealand May 13 154/- to 158/ 1/4$ to 1/41 May 7 156/-to 162/ 1/4$,to 1/5$ April 30 160/-to 162/ 1/5 to l/5i Australian— May 13 150/- to 154/ 1/4 to 1/44 May 7 154/- to 158/ 1/44 to 1/4$ April 30 156/- to 158/ 1/4} to 1/4$