COMMERCIAL

Southland Times, Issue 19276, 21 June 1924, Page 2

COMMERCIAL

OTAUTAU HORSE SALE. GOOD PRICES REALISED. The horse sale held at Otautau on Wednesday by Wright, Stephenson & Co., Ltd., was considered by local farmers to have been the best held in this centre for years. There was a large attendance of buyers and the whole entry, comprising some 42 horses, was cleared at very satisfactory prices. Included in the yarding were some very useful working draughts, and these met with an especially good demand, realising from £3O to £45. This latter price was secured for a fine 3-year-old gelding sold on account of Mr Charles Keen. The following are some of the prices:—Gelding, £45; mares, £4O 10/-, £4O; geldings, £3B, £36; colt, £34 10/-; mares, £34 10/-, £34, £33 10/-, £33, £32 10/-, £3O, £29, £24, £23; gelding, £22 10/-; mare, £22. A number of aged and broken down animals sold at from £5 to £l5. A large quantity of harness and sundries auctioned after the horses brought good market values.

1 CANTERBURY MARKETS. II GRAIN AND PRODUCE VALUES. (Per United Press Association.) 1 CHRISTCHURCH, June 20. Business in the produce market has been quiet throughout the week. The chaff market is still firm at late 5 rates, and there are apparently large quans tities going into consumption As the demand i is ready. •j Forward oats have weakened consider--1 ably, due no doubt to heavy importations .i of Canadian oats, and also to the fact that ■’ there are fair quantities coming from far--1 mers in the south and a lot of oats are J going into store. „ B’s can be bought for j delivery in July-September at 5/2J. July ( B’s have been sold at 5/4, which shows a ! considerable drop. ’ Partridge Peas.—The market appears to be weaker than ever, and recent cabled I advices from London state that the position | is not likely to improve. 1 A few sales of ryegrass have taken place I to North Island buyers at recent quotations i Potatoes.—Farmers are hard to deal with, / merchants state, and although there were I several parcels offering during the week, | offers of £5 would not tempt the holders | to sell. Potatoes for forward delivery have firmed, and advices received from Auckland | indicate that the surplus stocks up there 5 are being worked off and the wharves are S getting clear again. There have been one I or two inquiries from Auckland, and some parcels of whites were sold to-day for a prompt delivery at a little over £6, f.o.b.s.i. STOCK EXCHANGE. YESTERDAY’S BUSINESS. s At yesterday’s meeting of the Invercargill S Stock Exchange a sale of P.O. Inscribed I Stock, 1927, at £9B 2/6 was reported. | Quotations were as follow: | Bank of New Zealand, s. 54/9. 3 Union Bank of Australia, s. £l4 14/-. « Westport Coal, s. 35/9. •j National Insurance, s. 69/-. I New Zealand Insurance, b. 29/3. | Standard Insurance, s. 41/6. | Wright, Stephenson & Co. (ord.), s. 29/-. I N.Z. Refrigerating (10/- paid), b. 8/9. a Southland Frozen Meat Co. (£1 ord.), I s. 36/-; (10/- ord.), s. 18/-; (£1 pref.), s. i 36/-. | Huddart Parker (ord.), s. 43/-. a Unron Steam Ship Co. (pref.), b. 19/9. | Bruce Woollen Mills, s. 32/-. a Donaghy’s Rope and Twine, s. 33/3. Milburn Lime and Cement, b. 36A. g , New Zealand Drug, s. 67/6. g ‘ N.Z. Express (pref.), b. 16/6. g N.Z. Milk Products, b. 25/-. N.Z. Paper Mills, s. 22/6. | War Bonds, 1930, b. £97. | Inscribed Stock, 1938, b. £97. | War Bonds, 1938, b. £97. | Inscribed Stock, 1939, b. £97. I War Bonds, 1939, b. £97. 0 P.O. Bonds, 1927, b. £9B 2/6. | P.O. Inscribed Stock, 1927, b. £9B. | Soldiers’ Settlement Loan Bonds, 1933, b. I £lOl 10/-. | Soldiers’ Settlement Loan Inscribed, b. | £lOl 10/-. I THE SHARE MARKET. YESTERDAY’S TRANSACTIONS. ■ d (Per United Press Association.) DUNEDIN, June 20. $ Sales on ’Change:—Bank of New South Wales, £4O 15/-; Westport Coal, 35/3. ij Sale reported: Union Bank, £l4 16/S (two parcels). AUCKLAND, June 20. ’ Sales on ’Change:—Brewery Debentures, 21/9; Milne & Choyce Debentures, £99; Bank of Australasia, 265/6; National i' Bank, £6 10/-; Bank of New Zealand, 54/6; | New Zealand Insurance, 29/6; South I British, 40/6; River Plate, 20/5; National Timber, 22/6; Parker Lamb, 37/6; Wilson’s Cement, 28/6. CHRISTCHURCH, June 20. Sale reported: New Zealand Insurance, 29/6. NEW ZEALAND FROZEN MEAT. MARKET UNCHANGED. The New Zealand Loan & Mercantile Agency Co., Ltd., have received the following cablegram from their London house:— New Zealand Frozen Meat.—No change in market (last quotations 21/5/24): — ■ Lamb, lOfd per lb (average). Mutton: ; Wether and maiden ewe, light 7£d per lb, heavy 6id per lb; ewe, light s&d per lb, heavy 4id per lb. NEW ZEALAND DAIRY PRODUCE. LONDON QUOTATIONS. The New Zealand Loan <fc Mercantile Agency Co. have read the following cable from their London house:— Butter—Choicest salted, 174/- to 178/per cwt. Cheese—BB/- to 94/- per cwt. Markets RABBITSKINS. VALUES DROP. Messrs Wright, Stephenson & Co., Ltd., Dunedin, report that at their last sale, held on June 17, bidding was again very keen, but at a lower range of values, prices showing a drop on their previous sale of from 3d to 4d per lb down. SOUTH AMERICAN MEAT. SHIPMIDNTS TO EUROPE AND BRITAIN The New Zealand Meat Producers’ Board i has received a cable from its representative at Buenos Aires, South America, advising the following shipments to the United Kingdom for the fortnight ended June 14, 1924, from Argentine and Uruguay:—2so,426 quarters chilled beef, 115,567 quarters frozen beef, 59,435 carcases frozen mutton, 52,134 carcases frozen lamb. The quantity shipped to the Continent of Europe during the same period totalled:— 218,100 quarters frozen beef, 9908 carcases frozen mutton, 1200 carcases frozen lamb.