COMMERCIAL

Southland Times, Issue 19290, 8 July 1924, Page 2

COMMERCIAL

STOCK EXCHANGE. INVERCARGILL. A meeting of the Invercargill Stock Exchange was held yesterday when the following business was transacted:— Sales reported:— New Zealand Paper Mills, 23/-. P.O. Inscribed Stock, 1927, £9B 5/-. Quotations: — Bank of Australasia, s. £l3 7/6. National Bank of New Zealand, b. £6 12/-; b. £6 10/6 (new issue). Bank of New Zealand, b. 54/3; s. 55/-. Union Bank, s. £l5 1/-. New Zealand Coal & Oil, s. 2/9. Westport Coal, s. 36/-. National Insurance, s. 72/6. New Zealand Insurance, b. 29/3. South British Insurance, s. 40/9. Standard Insurance, b. 40/-. New Zealand and River Plate, b. 21/-. Wright, Stephenson & Co. (ord.), s. 29/-. N.Z. Refrigerating Company (10/- paid), b. 9/-. Southland Frozen Meat Co. (£1 ord.), s. 36/-; (10/- paid), s. 18/-; (£1 pref.), s. 36/-. Union Steam Ship Co., b. 20/-, s. 20/6. Bruce Woollen Mills, b. 30/-. Kaiapoi Woollen Mills (pref.), s. 20/-. Mosgiel Woollen Mills, b. £6 15/-. McLeod Bros.’ Soap, b. £l4 10/-. Milburn Lime & Cement, b. 36/-. New Zealand Drug Co., b. 67/3. New Zealand Milk Products, b. 25/3. New Zealand Paper Mills, b. 22/3. War Bonds, 1930, s. £97 2/6. Inscribed Stock, 1938, s. £97 7/6. War Bonds, 1938, s. £97 10/-. Inscribed Stock, 1939, s. £97 7/6. War Bonds, 1939, s. £97 10/-. P.O. Bonds, 1927, b. £9B. P.O. Inscribed Stock, 1927, b. £9B. Soldier Settlement Loan Bonds, 1933, 5£ per cent., b. £lOl. THE SHARE MARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) AUCKLAND, July 7. Sale on 'Change:—National Bank of New Zealand, 65/8. CHRISTCHURCH, July 7. Sales reported:—New Zealand Government 41 per cent. Inscribed Stock (1939), £97 (two parcels); Union Bank(cum. div.), £l5 (two parcels). Sale on ’Change:—Union Bank (cum. div.), £l5; British Tobacco Co., 43/-. DAIRY PRODUCE. LONDON QUOTATIONS. Messrs A. J. Mills and Co. advise as follows: Butter.—The market is quiet, but firm, at 188/- so 190/-; unsalted is scarce. 200/to 202/-. Cheese.—Slow at 92/-. LONDON WOOL SALES. CURRENT QUOTATION. Messrs Murray Roberts and Co., Ltd., are in receipt of a cable from their London agents, dated July 3, giving quotations as follows: Close of

THE BUTTER MARKET. BUOYANT TONE. (By Telegraph—Press Assn.—Copyright.) LONDON, July 5. The firmness in the butter market .continues and notwithstanding the further advance in prices the demand shows no diminution. According to one leading importing firm, the satisfactory consumptive demand is largely attributable to the effects of the Wembley Exhibition, where upwards of 5,000,000 visitors have had the merits of Australian and New Zealand butter brought prominently before them. Another suggested reason for the firmness of the market is the .shortness of the English make owing to many dairy farmers selling cream at high prices to hotels and restaurants, instead of making butter.

Previous Series. 56’s yielding 60 % • • 29 Ad 31 Jd 50’s yielding 65 % . . 44-46’s preparing yield25d 26 id ing 74 % 44-46’s carding yielding 18Jd 20d 72 % 18d 19Jd 40-44’s yielding 73 % 17Ad 19d 36-40’s yielding 75 % 17d 18d