COMMERCIAL

Southland Times, Issue 20146, 5 April 1927, Page 2

COMMERCIAL

INVERCARGILL STOCK EXCHANGE. YESTERDAY’S TRANSACTIONS. Sales of Inscribed Stock (1938) at £96 10/- and (1939) at £96 10/- were reported at yesterday’s call over of the Invercargill Stock Exchange. The following quotations were also made: — Commercial Bank, b 30/6; s 31/3. National Bank, b £7 2/-; s £7 4/-. Bank of New South Wales, b £49 5/-. Bank of New Zealand, b 59/9; s 60/3. Union Bank, b £l5 8/-. Westport Coal, b 35/5; s 35/9. Westport-Stockton (8 per cent, non-cum. pref.), b 1/-. National Insurance, b 72/9; s 74/6. New Zealand Insurance, b 36/4; s 36/9. Standard Insurance, b 56/-. Dalgety and Co., b £l6. Goldsbrough, Mort and Co., s 50/-. National Mortgage, s 67/-. New Zealand and River Plate, b 22/6. Trustees’ Executors (Dunedin) b 58/-. Wright, Stephenson and Co., (ord.), b 21/6; (pref.) s 17/-. Canterbury Frozen Meat, b £8 2/-; s £8 15/-. New Zealand Refrigerating (20/-), b 13/6; (10/- paid) b 6/2; s 6/3. Southland Frozen Meat (£1 ord.), b 31/-; s 32/-; (10/- ord.), b 15/6; s 16/-; (£1 pref.), b 31/-; s 32/-. Kawarau Gold Mining, b 3/-; s 3/2. Mount Lyall, b 28/6; s 29/-. Waihi Gold Mining, b 16/6; s 17/3. Waihi Grand Junction, s 1/9. Huddart-Parker (ord.), b 47/-; (60 per cent. cum. pref.), b 20/9. P. and O.S.N. Co., (def. stock), b £255;

Union Steam Ship Co., b 20/2. Kaiapoi Woollen Mills (pref.), s 15/-. D.I.C. (pref.), b 21/-. Dominion Rubber Co., s 49/-. Donaghy’s Rope and Twine, b 33/6. Milburn Lime and Cement, b 26/-; s 26/9. New Zealand Drug (deb.), s 24/3; b 66/3; s 67/6. New Zealand Express (ord.), b 23/-; (pref.), b 17/-; s 19/-. New Zealand Guarantee Corporation, s 10/6. New Zealand Hardware (ord.), b 4/6; s 5/-. New Zealand Paper Mills, s 18/6. Otago Daily Tinies, s 76/-. Wilson’s (N.Z.) Portland Cement, s 36/-. Dominion Investment, b 21/-. War Bonds (1938), b £96 5/-. War Bonds (1939), b £96 5/. P. 0.. Bonds (1927 ), b £9B 12/6. P.O. Inscribed Stock (1927), s £99. Soldier Settlement Loan Bonds (1933), b £lOO 7/6. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, April 4. Sales on ’Change: Bank of New Zealand 59/9; Auckland Gas 23/1; Northern Steam Ship 12/9; Alburnia 3/5; Moanataiari (cont.) 4/6; Lucky Shot (cont.) 2/7. Christchurch, April 4. Sales reported: Royal Bank £4 and £9 6/6; Howard Smith 31/3. Sales on ’Change: Commercial Bank of Australia 30/9; National Bank of Australasia £5; National Bank of Australasia £lO and rights 67/6. Dunedin, April 4. Sales reported: Bank of New Zealand 60/-; 4A per cent Inscribed Stock (1939), £96 10/-; 5 per cent. Postal Inscribed (1927) £99; New Zealand Breweries Shares 52/-. FROZEN MEAT. Messrs Dalgety and Company, Ltd., report having received the following market cable from their head office, London, under

date of 31/3/27: New Zealand lamb market is weaker and demand is less. New Zealand mutton market is weak. The demand runs principally on light weights. New Zealand beef market is nominal and the demand unchanged. Australian lamb market is unchanged and the demand limited. Australian mutton market is unchanged and the demand is poor. N.Z. prime lamb, 28/361b, Canterbury 91d lb; North Island Bid lb. 36/421b, Canterbury 83d; North Island 7Jd. Second quality, Canterbury 8d; North Island 7£d. 42/501b, Canterbury Bgd; North Island 7Ad. N.Z. prime mutton, 48/561b, Canterbury 6.1 d; North Island 6d. 56/641b, Canterbury 6d; North Island 54d. 64/721b, Canterbury 53d; North Island sd.

N.Z. prime ewe, 48/641b, Canterbury 3sd; North Island 3d. G.a.q. Australian lambs, 28/361b, 7.1 d. 36/421b 7d. F.a.q. 28/361b 63d. G.a.q. Australian mutton, 40/60lb, 3£d. F.a.q. Australian mutton, 30/551b, 33d. N.Z. prime ox beef, hinds 4d; fores 34d. Argentine chilled beef, hinds 4}d; fores 2sd. N.Z. Baconers, 120/1401b, 7Ld; over 1701 b 7d. English and Dutch Pork.—Bo/lOOlb, 1/-. DAIRY PRODUCE. Messrs Dalgety and Company, Limited, report having received the following advice from their head office, London, under date of hte 31st ultimo:— Butter.—Market steady, but quiet. We quote Danish 180/- to 182/-; New Zealand 152/- to 154/-; finest Australian unsalted 156/- to 158/-; finest Australian salted 152/- to 154/-. Cheese. —Market, steady but quiet, we quote New Zealand 76/- to 77/-; Canadian cheese, spot, price white 90/- to 94/-; do. coloured 94/- to 98/-.

LONDON MARKETS. (By Telegraph—Press Assn.—Copyright.) London, April 2. Cotton: May, 7.55 d per lb. Rubber: Para 17]d per lb. Plantation, smoked, 20d per lb. Jute: April-May £3l per ton. Hemp: March-April 35d. Copra: March-April £25 7/6 per ton. Linseed Oil: £3l 10/-. Turpentine: £45 3/- per ton. Sheep: Canterbury heavy, sd; North Island light, 6d; heavy 43d; Australian firsts 3.3 d; ewes, none offering; Argentine, medium 33d. Lambs.—Canterbury, light 9}d; medium 83d; heavy B}d. Other selecteds: Light 9d; medium Bjd. Australian firsts, Victorian 7Ad; others 6£d; Argentine, light 7Ad; medium 63d. Chilled Beef: Argentine fores 2jjd; hinds 4jd. Others unchanged.—A. and N.Z. LONDON WOOL SALES.

London, March 31. At the wool sales there was a miscellaneous offering when late rates were fully maintained with good general competition. New Zealand’s Haiarau 17d, 16d; Clarence 23d, 20Ad. Bradford generally was firm • but it was difficult to keep the machinery running. 64’s 48Ad; 60’s, 44Ad; 56’s, 34Ad; 50’s, 27Ad: 46’s, 22Ad; 40’s, 20Ad.—A. and N.Z.