COMMERCIAL

Southland Times, Issue 19986, 28 September 1926, Page 2

COMMERCIAL

INVERCARGILL STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. At yesterday’s call-over of the Invercargill Stock Exchange, a sale of New Zealand Sugar of Milk Company stock was reported at 23/3. Quotations were made as follows: Commercial Bank, b 32/6. Bank of New South Wales, b £45. Bank of New Zealand, b 62/9; s 63/6. Union Bank of Australia, b £l5; s £l5 3/6. Westport Coal, b 35/9; s 36/6. National Insurance, s 81/-. New Zealand Insurance, s 39/6. South British Insurance, b 58/-. Standard Insurance, b 58/6. Goldsbrough Mort Co., b 49/3 ; s 50/3. New Zealand Loan and Mercantile, b £92. Perpetual Trustees’ (Dunedin), b 58/-. Trustees’ Executors (Dunedin), b 58/-. Wright, Stephenson and Co, (pref.), s 18/-. New Zealand Refrigerating Co. (20/-), b 14/-, s 15/3; (10/- paid), b 6/-; s 6/3. Kawarau Gold Mining, b 2/8; s 2/IL Waihi Gold Mining, b 18/3; s 19/9. Huddart-Parker (ord.), b 48/-; s 49/6; (cum. pref.), b 20/9. P. and O.S.N. Co, (def. stock), b £247. Union Steam Ship Co, b 20/3. Kaiapoi Woollen Mills (ord.), b 10/-; s 13/-. DJ.C. (pref.), b 21A Donaghy’s Rope and Twine Co, b 32/-. New Zealand Drug Co, s 73/6. New Zealand Express Co, (ord.), b 21/6; (pref.), b 17/3. New Zealand Guarantee Corporation, b 10/3. New Zealand Hardware (ord.), b 7/-. New Zealand Milk Products, b 39/9; s 42/-. New Zealand Sugar of Milk, s 24/-. New Zealand Paper Mills, b 18/6; s 19/3. Wilsons’ (N.Z.), Portland Cement, b 34/-; s 35/-. War Bonds (1930), b £97 5/-. Inscribed Stock (1938), b £96 10/-, War Bonds (1938), b £96 12/6. Inscribed Stock (1939), b £96 10/-. War Bonds (1939), b £96 12/6. Soldiers’ Settlement Loan Bonds, b £lOO. LONDON WOOL SALES. Messrs Murray Roberts and Co, Ltd, report having received a cable from their London Agents, dated 24th instant, reading as under:— “Market continues with a good tone. Merino wool suitable for Yorkshire, declined 2| per cent.; Merino, other descriptions, market firm. Crosbred greasy fine advanced 24 per cent. Crossbred greasy, other descriptions, opening rates are barely maintained.” The National Mortgage and Agency Co, Ltd., report having received the undermentioned cable from the London Office, dated 21st instant:—“The auctions are proceeding at the level of opening day. The following prices are current: —

SHIPMENTS OF MEAT FROM SOUTH AMERICA. The New Zealand Meat Producers’ Board has received a cable from its representative at Buenos Aires, South America, advising the following shipments to the United Kingdom for the fortnight ended September 16, 1926, from Argentine and Uruguay:— Quarters chilled beef ... 195,461 Quarters frozen beef ... M .... 11,227 Carcases frozen mutton 15,934 Carcases frozen lamb .... ... 16,694 The quantity shipped to the Continent of Europe during the same period totalled:— Quarters frozen beef 68,530 Carcases frozen mutton ... M 4,632 Carcases frozen lamb ... ... 118

EXPORT OF PORK. The London manager of the New Zealand Meat Producers’ Board has recently received a letter from a bacon curing comjjany stating that as a result of the Meat Board’s distribution of free sample carcases of bacon pigs, they had used several hundreds of New Zealand bacon pigs, and that they were anxious to obtain further supplies but at the present time were unable to obtain a quotation. DAIRY PRODUCE. Messrs Henderson and Co., Ltd., report having received the following cable from their London principals, Messrs Lovell and Christmas, Ltd.: “To-day’s official quotations: First -grade New Zealand butter 160/- to 164/-, exceptionally 165/-, unsalted 166/- to 170/-. First grade white cheese 85/- to 86/-, exceptionally up to 88/-, coloured 84/- to 86/-. “Markets are both quiet." RABBITSKIN SALES. Messrs Andrew Wilsons' Ltd., have been advised by cable that a further sale of rabbitskins has just been concluded in London. The cable states that there was little demand for furriers’ skins and that a comparatively small quantity was sold. Prices were five per cent, higher. Hatters’ skins were unchanged to five per cent, lower. LONDON MARKETS. Messrs Dalgety and Company, limited, report having received the following market cable from their head office, London, under date of September 23, 1926: FROZEN MEAT MARKET. New Zealand Lamb Market: Tending upwards; demand runs principally on finest qualities. New Zealand Mutton Maricet: Dull owing to lack of demand. Demand runs principally on heavy-weights. New Zealand Beef Market: Quiet Demand limited. Australian Mutton Market: Weak. Demand poor. New Zealand Lamb: Canterbury, light 9Jd, heavy B|d; North Island, light BJd, heavy 7}d. New Zealand Mutton: Canterbury, light 6Jd, heavy s|d; North Island, light s|d, heavy s|d. Australian crossbred mutton, light 3fd. New Zealand prime ox beef, hinds sd, fores 3s<L DAIRY PRODUCE MARKET. Butter: Market slow; Danish 184/- to 185/-; New Zealand exceptional brands 166/-; New Zealand finest 160/- to 162/-; Australian finest salted 158/- to 160/-; unsalted 160/- to 162/-. Cheese: Market quieter; New Zealand coloured 84/- to 86/-; New Zealand white 85/- to 87/-. BRAN AND POLLARD. REDUCTION IN AUCKLAND. Auckland, September 27. The Auckland price of bran has been reduced 30/- a ton to £9 10/-, and pollard 10/- to £ll 10/-. No change has been made in the Auckland price of flour, which remains at £2l 5/- a ton.

Merino— d. d. Super .. .. .. -. .. 27 Average ... .► .• .. 24} Fine Halfbred— Super 50/58 .. .. .. 241 Average .. .. — — .. •• 22 to 24 Medium Halfbred— Super 50/56 .. ... 19 to 20 Average .. .. — .. .. 18 to 19 Coarse Halfbred— Super 48/50 .. .. .. 16 to 174 Average .. .... .. 15 to 16 j Fine Crossbred— Super 26/48 .. .. 15 to 16 Average .. ►. .. .. 14 to 15 Medium — Super 44/46 .. ... 14 to 151 Average ... .. .... .. — 13 to 14 Coarse Crossbred—: Super 40/44 .. .. ... 14 to 15 Average .. .. .. .. .. 13 toll Low Crossbred— Super 36/40 .. .. 13 to 14J Average .... _ 12 to 13 Pieces .. ... 11 to 12} Bellies .. .. .. ... .. 104 to 111 Locks .. .. .. .. .. .. 8 to 9