COMMERCIAL

Southland Times, Issue 20199, 9 June 1927, Page 2

COMMERCIAL

THE SHAREMARKET. INVERCARGILL STOCK EXCHANGE. SALE OF 1930 (s}) GOVERNMENT BONDS REPORTED. There were a number of quotations made at the mid-weekly call-over at the Invercargill Stock Exchange yesterday. A sale of one parcel of 1930 (51) Government Bonds at £9B 5/- was also reported. Following is a list of quotations:— Commercial Bank, b 29/-; s 30/-. E.S. and A. Bank, s £8 9/6. National Bank of New Zealand, b £7 2/-; s £7 3/6. Bank of New South Wales, b £45 5/-. Bank of New Zealand “D” issue, b 60/9; s 61/6. Union Bank of Australia, b £l5 11/6; s £l5 14/6. Westport Coal Co., s 35/3. Westport Stockton (ord.), b 1/1. Westport 8 per’ cent. non. cum. pref., b 2/9. National Insurance, b 73/-; s 74/-. New Zealand Insurance, b 39/3. Standard Insurance, b 58/6; s 60/-. National Mortgage and Agency Co., b 69/-. Perpetual Trustees (Dunedin), b 60/-. Trustees Executors (Dunedin), b 59/-. New Zealand Refrigerating (20/-), b 14/3. New Zealand Refrigerating (10/- paid), b 6/4; s 6/9. Southland Frozen Meat Co. (£1 ord), s 31/6; (10/- ord.), s 15/9; (£1 pref.), s 31/6. Kawarau Gold Mining, s 2/8. Mount Lyall, b 27/-; s 28/6. Waihi Gold Mining, b 18/-; s 19/-. Howard-Smith (ord.), b 29/-. Huddart-Parker (ord.), b 46/3. Union Steam Ship Co. (pref.), b 20/2. Bruce Woollen Co., s 15/6. Kaiapoi (ord.), b 10/5; s 11/3. Mosgiel Woollen Co., b £6 3/-. D.I.C. (ord.), s 10/- prem. D.I.C. (pref.), b 21/-. Dominion Rubber Co., s 43/3. Milburn Lime and Cement, b 26/6. New Zealand Drug Co., b 62/6. New Zealand Guarantee Corporation, b 8/6; s 9/6. New Zealand Milk Products (debs.), b 21/-. New Zealand Sugar of Milk, s 23/6. War Bonds (1930), b £97 5/-. Inscribed Stock (1938), b £96 15/-. War Bonds (.1938), b £96 15/-. Inscribed Stock (1939), b £96 15/-. War Bonds (1939), b £96 15/-. P.O. Bonds (1927), b £9B 15/-. P.O. Inscribed (1927), b £9B 15/-. P.O. Inscribed (1929), b £9B. Soldier Settlement Loan Bonds (1933). b £lOO 15/-. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, June 8. Sales on ’Change: New Zealand Government war loan (1936) 51 per cent. £lOl 2/6; Commercial Bank of Australia 29/9; Goldsbrough Mort 50/-; Waipa Coal 14/3; Westport Coal 34/6; Westport Stockton (pref.), 3/-; Huddart-Parker 47/-; Sanford Limited 22/-; Wilson’s Cement 34/6; Alburnia 4/2; Mount Lyell 27/9. Wellington, June 8. Sales reported: Goldsbrough Mort and Company (cum. div. and rights) at 50/6; Manning and Co, at 19/-; 54 per cent. Stock (1936) at £101; Bank of Australasia at £l4 15/-; English, Scottish and Australian Bank at £8 6/-; National Bank of New Zealand at £7 3/6; New Zealand Insurance (2 parcels) at 39/9. Christchurch, June 8. Sales reported: New Zealand Government il per cent. Inscribed (1938) £97; 4J per cent. Bonds (1938) £97 5/-; Bank of New South Wales (rights) £25 10/-; New Zealand Insurance 40/-; Dalgety and Co, £l3 17/6; British Tobacco 53/9; Holdens Motors 40/3; Mount Lyell (cum. div.) 28/-; New Zealand Government 4J per cent. Inscribed (1939) £97. Sales on Change: Bank of Australasia £l4 15/6; National Bank of New Zealand £7 3/-; National Bank of Australasia (£5 paid) £8 13/-; Goldsbrough Mort (cum. div,). 50/-, 50/2; Stockton Coal (pref.), 2/10; Christchurch Gas 24/3; Staples Brewery 39/11, (2 parcels); Electrolytic Zinc (pref.) 34/3; Henry Jones Co-op. 44/-; P. and O. Deferred Stock £2BB. Dunedin, June 8. Sales reported: Bank of New Zealand BURNSIDE STOCK SALE. INCREASE IN LAMB PRICES. Dunedin, June 8. At Bumside to-day, fat cattle, sheep and fat pigs were cheaper while lambs were dearer. Sheep. A big penning. A fair supply of prime quality wethers, several heavy-weight pennings and the balance good crossbred wethers. Ihere were some fine wools and a fair proportion of ewes. The market opened quietly but the demand improved and heavies were a shade firmer at times. Medium weights met with a brisk demand. As the sale progressed, values eased on prime sheep by from 1/6 to 2/- per head on the opening rates. Prices.—Extra heavy prime wethers to 47/-; prime heavy 40/6 to 42/6; fair weights 33/- to 36/-; light 23/to 28/-; extra heavy ewes to 31/-; heavy 22/- to 24/-; medium 14/9 to 18/-. Lambs. A big penning. The proportion of prime lambs was very fair, but some few pens were unfinished. All prices were up fully 1/- per head. Rates: Extra heavy lambs 30/- to 33/-; prime 28/- to 29/9medium 26/- to 27/-; light 17/- to 20/--extra heavy wether mutton 4ld per pound; prime light 5d to 54d; prime ewes 4d ■ aged 3Ad; lamb 8d to 9d. Fat Cattle.—A yarding of 343 comprised of a fair proportion of bullocks, some useful heifers and cows and a fair tail of medium cows and light steers. The starting demand was slack on medium quality, best sorts were a shade easier and medium and light animals eased £1 per head. PricesPrime builocks £l2 5/- to £l4 10/-; medium £lO 5/- to £ll 5/-; heifers £6 to £8 15/--cows £7 to £8 5/-; extra heavy ox beef 33/- per 1001 b; fight 27/6 to 30/-; prime 22/g rS 30,/ " : ' S ,t helfcrs and lows 18/- to Store Cattle.—A yarding of about 220 a small entry for the sale following winter show week. Well conditioned cows and heifers and a few pens of medium steera WITHIN WIRELESS RANGE. The following vessels were expected to be within range of the undermentioned wireless stations last night:— Auckland.—Tofua, Remuera, Kartigi, Canadian Britisher, West Calera, Foyle Min eric, Maunganui, Hinemoa, Kaitangata, West Nivaria, City of Khartoum. Wellington.—Manuka, Wahine, Tamahine, Arahura, Tongariro, Port Auckland, Makura, Tutanekai, Canadian Pioneer, Whangape. Awarua.—Moeraki, Cumberland. Chatham Islands.—Tekoa, Mataroa. TELEGRAPHED REPORTS. COASTAL AND OVERSEAS, Auckland, June 8. Sailed: Hinemoa for Niue. Wellington, June 8. Arrived: Marama from Sydney; Wahine and Wingatui from Lyttelton. Sailed: Putiki for Napier; Opihi for Nelson; Corinthic for Auckland. Lyttelton, June 8. Arrived: Manuka and Whangape from Wellington ; Tomara from Oamaru. Sailed: Storm for Dunedin; Gale, Manuka and Kurow for Wellington. Dunedin, June 8. Arrived: Waipiata from Lyttelton; Calm from Bluff; Kamo from Napier,

and mixed yearlings made up the yarding. The demand was much an a par with last sales, heifers realising from £3 5/- to £4 15/-; speyed cows from £3 5/- to £6 10/-; medium one and a-half to two-year-old steers £4 7/6 to £5 10/-; and good three-year-olds to £9 2/- per head. Pigs.—A penning of 125 fats and 28 stores. Fats eased by fully 5/- per head and stores sold at last sale’s rates. ADDINGTON MARKETS. ADVANCED PRICES. Christchurch, June 8. Light entries were the rule to-day in practically all sections of fat stock and prices showed a sharp advance, particularly for fat sheep. Store Sheep.—A very small entry. Lambs sold scarcely so briskly as last week and only the best, of the ewes and wethers maintained late rates, few buyers operating. Values were: Three-quarterbred ewe lambs 19/10; crossbred ewe lambs 15/9 to 18/7; Good crossbred wether lambs 15/6; halfbred wether lambs 12/6 to 13/3; mixed sexed haifbred lambs 16/3; four and sixtoothed halfbred wethers 21/3 to 22/6; two-toothed halfbred wethers 16/6; sound and failing-mouthed three-quarterbred ewes 13/9 to 19/7 ; sound mouthed crossbred ewes 20/- to 23/4; six-toothed halfbred ewes 24/- to 25/-; two and four-toothed halfbred ewes 26/7; two and four-toothed crossbred ewes 26/9; aged ewes 7/- to 9/-. Fat Lambs.—A small entry of 1200. A very firm sale, the export schedule of 9d a lb for firsts being exceeded with heavy weights proportionately higher. Extra prime lambs to 30/10; prime lambs 27/to 29/6; medium lambs 24/- to 26/9; light lambs 20/- to 23/9; store lambs 16/10 to 19/6. The entry was on the small side though it did not represent a bareness for butchers. A keen sale was experienced, ewes being up from 2/6 to 3/- per head and wethers by 2/- on last week. Values were well in advance of exporters’ prices. Extra prime wethers 36/- to 42/4; prime wethers 32/- to 34/6; medium wethers 28/6 to 31/9; light wethers 24/- to 29/6; extra prime ewes 30/- to 36/7; prime ewes 26/to 29/6; medium ewes 22/- to 25/6; light ewes 18/- to 21/-; aged ewes 13/6 to 17/-. Fat Cattle.—A much smaller yarding, numbering 470 head, against recent averages of 600. An all round advance for good beasts of 20/- per head resulted. A few pens of choice beef averaged up to 37/- per 1001 b; heavy prime 29/- to 33/-; good quality medium weight 32/6 to 35/-; good cows 27/- to 30/-; rough beef 18/- to 23/- per 1001 b; extra prime heavy steers £l6 10/- to £l9 2/6; prime heavy steers £l4 10/- % £l6 5/-; prime medium weight steers £l2 10/- to £l3 15/-; medium quality steers £7 15/- to £ll 10/-; rough steers £6 15/- to £7 10/-; extra prime heifers to £ll 7/6; prime heifers £8 5/- to £lO 10/-; ordinary heifers £6 10/- to £8; light heifers £4 5/- to £6 5/-; extra prime cows to £lO 17/6; prime cows £7 5/- to £9 5/-; ordinary cows £4 10/- to £6 10/-; aged cows £3 5/- to £4. Vealers.—Twelve to 19-months’ sorts sold to £7; good vealers £4 to £4 15/-; others £2 to £3 15/-. Store Cattle.—Odds and ends penned. A line of 18-month steers was passed at £3 and some two-year steers made £5 7/-; cows £2 to £4. Dairy Cows.—Second to fourth calvers made £8 10/- to £ll 5/-; others £4 to £8; best heifers £6 10/- to £9; others £2 10/- to £6 5/-. Bat Pigs.—A large entry and a sluggish sale, some unfinished porkers being penned. Choppers £.3 10/- to £7 15/-; baconers £3 7/- to £3 15/-; heavy baconers £4 to £4 7/-; extra heavy to £4 15/-; average price P® r % 5Jd to 6Jd; light porkers 40/- to 47/-; heavy porkers 50/- to 60/-; average price per lb 7d to Bd. Store Pigs.—A smaller yarding with values unchanged. Weaners 10/- to 18/-; slips 19/- to 24/-; medium stores 25/- to 32/-; larger stores 33/- to 38/-; extra large to 43/-; sows in pig £5 to £7.