COMMERCIAL

Southland Times, Issue 19896, 15 June 1926, Page 2

COMMERCIAL

INVERCARGILL STOCK EXCHANGE. YESTERDAY’S TRANSACTIONS. The Invercargill Stock Exchange held its meeting yesterday morning when the following sales were reported:— Union Bank of Australia, £l5 5/-. Southland Frozen Meat Co., Ltd., (£1 ord.) 33/-; (10/-) 16/6; (£1 pref.) 33/-. The quotations made at the call over were as follows: Bank of Australasia, b £l4 3/-. Commercial Bank of Australia, b 30/3; s 31/-. National Bank of New Zealand, b £6 19/-. Bank of New South Wales, b £44 15/-. Bank of New Zealand, b 62/6. Union Bank of Australia, b £l5 3/-. English, Scottish and Australian Bank, b £7 17/6. Westport Coal Company, b 37/-; s 37/5. Westport-Stockton Coal Co., 8 per cent., non. cum. div. (pref.), b 2/6. National Insurance Company, b 79/-, s 79/6. New Zealand Insurance Co., b 39/9. South British Insurance Co., b 61/6. Standard Insurance Co., b 56/-. Dalgety and Co., Ltd., b £l6. Goldsbrough Mort and Co., b 49/-. National Mortgage and Agency Co., Ltd., s 75/6. New Zealand and River Plate, b 21/6. Perpetual Trustees (Dunedin), b 52/-. Wright, Stephenson and Co., Ltd., (ord.) s 27/6; (pref.), b 17/3. Canterbury Frozen Meat Co., b £9 7/6; s £9 15/-. New Zealand Refrigerating Co., (20/-), b 17/4: s 18/-; (10/-) b 8/2, s 8/5. Southland Frozen Meat Co. (£1 ord.), b 32/6; (10/- paid), b 16/3; (£1 pref.), b 32/6. Kawarau Gold Mining Co., b 7/3; s 7/6. Bruce Woollen Mills, b 20/-. Kaiapoi Woollen Mills (ord.), b 13/4; (pref.) b 13/6. Mosgiel Woollen Mills, b £5 15/-. D.I.C. (pref.), b 20/6. Dominion Rubber Co., b 47/9; s 50/-. Dunedin Stock Exchange Proprietary, b 75/-. Greater Lyceum, b 2/6. McLeod Bros.’ Soap, b £24. Milburn Lime and Cement Co., b 31/6. New Zealand Drug Co., b 69/6. New Zealand Express Co. (ord.), b 21/3; (pref.), b 17/6. New Zealand Hardware Co. (ord), b 10/9; s 12/-. New Zealand Milk Products', b 31/-. New Zealand Paper Mills, s 20/6. Otago Daily Times Co., b 82/6. Whitcombe and Tombs, Ltd., b 67/6. Wilson’s (N.Z.) Portland Cement Co., b 34/3. New Zealand Guarantee Corporation, b 9/9; s 10/2. War Bonds (1930), b £96 12/6. Inscribed Stock (1938), b £96 12/6. War Bonds (1938), b £96 12/6. Inscribed Stock (1939), b £96 12/6. War Bonds (1939)., b £96’12/6. War Bonds (1927-41), 5i per cent., b £97. Post Office Bonds (1927), b £9B 5/-. P.O. Inscribed Stock (1927), b £9B 5/-. P.O. Inscribed Stock (1929), b £9B 5/-. Soldier Settlement Loan Bonds, b £99 10/-. SoHier Settlement Loan Inscribed, b £99 10/-. THE SHAREMARKET. (Per United Press Association.) Auckland, June 14. Sales on ’Change: Mount Eden Borough Debentures £106; New Zealand Breweries 26/8; National Bank of New Zealand £7; National Bank of Australasia £l7 16/-; New Zealand Insurance 40/-, 40/3, 40/3 ; Devonport Steam Ferry 28/6; Huddart-Parker 44/9; Grey and Menzies 12/6; Sanford Ltd. 21/6, 21/6; Wilson’s Cement 34/6, 34/6 Alburnia 5/8, 5/6; Kawarau 7/5, 7/6, 7/7, 7/7, 7/8; Lucky Shot (cont.) 1/8, 1/9, 1/8, 1/7; New Waiotahi (cont.) 1/6. Dunedin, June 14. Sales on ’Change: Dominion Rubber 50/6, 50/- (two). Sale Reported: Nokomai Hydraulic 11/-. LONDON MARKETS. Messrs Dalgety and Company, Limited, report having received the following advice from their head office, London, under date of the 11th instant:— FROZEN MEAT MARKET. New Zealand, Lambs.—Market steady; demand runs principally on finest qualities. New Zealand Mutton.—Demand limited. Australian lamb market very quiet; demand poor. Australian mutton market weak; demand moderate. New Zealand Lamb.—Canterbury, light lOd, heavy 9id; North Island, light 94d, heavy 9Jd. Australian crossbred lamb, light Bd. New Zealand Mutton.—Canterbury, light 6|d, heavy 5Jd; North Island, light s£d, heavy 4jd. Australian crossbred mutton, light 4|d. New Zealand prime ox beef, hinds 3fd, fores 2 id. The import of fresh meat from the Continent is prohibited. This may affect best Canterbury crossbred mutton and lamb in near future. Demand for pork should be very active when season opens next September. DAIRY PRODUCE MARKET. Butter market steady at present prices. Cheese, very dull. Butter: Danish 178/-, New Zealand exceptional brands 178/-, New Zealand finest 176/-, Australian finest unaalted 174/-, finest salted 174/-. New Zea-

land cheese coloured 94/-, white 95/-. CXf. Canadian cheese 95/-, September Canadian 108/-, new season’s 90/-. WOOL SALES. Wool sales dosed. Attendance of buyers good. Competition good for mose descriptions. principal operators. As compared with closing rates last series greasy Merino unchanged, scoured Merino unchanged; greasy halfbred unchanged; fine crossbred Id to lower; medium crossbred. Id to lid lower; coarse crossbred Id lower; crossbred pieces and bellies unchanged; scoured crossbred fine Id to 2d higher; scoured crossbred medium and coarse unchanged; slipes unchanged; Merino lambs Id higher; crossbred lambs Id to lid lower. One hundred and seventeen thousand, nine hundred and forty bales offered —including 35,700 bales New Zealand; 3950 Cape and 23,900 South American. Seventy-one thousand bales colonial, 24,500 South American, sundries sold. Continent has bought 61,000, Home trade 33,000 American; 1000 carried forward, 51,000, of which 34,500 not offered. “The following is the range of prices realised at our last sales: —Merino, good 224 d to super 25d. Low 18id, medium 21i<L Half-bred, 56/58, good 21id, super 24d, low 18d, medium 20Ad. Half bred, 50/56, good 19d, super 22d, low 16id, medium 184 d. Fine crossbred, 48/50, good 15d, super 17jd, low 13d, medium 14id. Fine crosbred, 46/48, good 14id, super 16d, low 124 d, medium 14d. Cross--bred, 44/46, good 14d, super 15d, low 12d, medium 13id. Crossbred, 40/44, good 13d, super 14d, low Hid, medium 12Ad. Coarse crossbred, 36/40, good 12id, super 13jd, medium lid, good 12d. London, June 12. Sheep: Canterbury, light 6id, medium 6d; North Island light 6id, medium sfd. Lambs: Canterbury heavy 9id; Patagonian firsts Bfd. Frozen Beef: Australian crops 3fd; hinds sid. Chilled Beef: Argentine fores 4|d; hinds 6|d. Other meats are unchanged. Rubber: Fine hard Para 19d per lb;, plantation, first crepe 20 5-8 d; smoked ribbed sheet 20 5-8 d per pound. Jute: Indian Native first marks MayJune shipment £4O 2/6; new crop JulyAugust shipment £34 17/6 per ton. New Zealand Hemp: June-July shipment £36 per ton. Copra: Bagged in South Sea May-June shipment £2B 17/6 per ton. Linseed Oil: £33 5/- per ton, equal to 2/8 per gallon. Turpentine, 68/- per cwt, equal to 5/l| per gallon. The lead imports during May were 18,752 tons, of which 6806 were from Australia. The exports totalled 1005.