COMMERCIAL

Southland Times, Issue 20205, 16 June 1927, Page 2

COMMERCIAL

INVERCARGILL STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. At yesterday’s call-over of the Invercargill Stock Exchange a sale of Soldier Settlement Loan Bonds, 1933 (5| per cent.), was reported at £lOO 15/-. The following quotations were also made:— Commercial Bank, b 29/9; s 30/-. National Bank, b £7 2/-; s £7 3/6. Bank of New South Wales, s £46. Bank of New Zealand, b 60/6; s 61/-. Union Bank of Australia, b £l5 12/-. Westport Coal Co., s 35/-. Westport-Stockton (8 per cent, non cum. pref.) b 2/7; s 3/6. National Insurance, b 73/-; s 74/-. New Zealand Insurance, s 40/6. South British Insurance, b 56/-. Standard Insurance, b 58/-; s 60/-. Dalgety and Co. (new issue) b 62/-; s 70/-. Goldsbrough Mort and Co., b 49/6; s 50/6. National Mortgage, b 66/-. Perpetual Trustees (Dunedin), b 60/-. Southland Farmers' Co-op. (7 per cent, deposit, pref.), s £lOO. Trustees Executors (Dunedin), s 61/6. Wright. Stephenson and Co. (pref.), b 15/-; s 16/6. New Zealand Refrigerating (20/-), b 14/-; s 15/-. New Zealand Refrigerating (10/- paid), b 6/4; s 6/9. Southland Frozen Meat (£1 ord.), s 31/6; (10/- ord.), s 15/9; (£1 pref.), s 31/6. Kawarau Gold Mining, b 2/4; s 2/6. Waihi Gold Mining, s 19/-. Waihi Grand Junction, s 1/6. Electrolytic Zinc (ord.), s 34/6. Electrolytic Zinc (pref.), s 34/6. Howard-Smith (ord.), b 31/-. Huddart-Parker (ord.), s 47/9; (6 per cent. cum. pref.), s 21/6. P. and O.S.N. Co. (def. stock), s £289. U.S.S. Co. (pref.), s 20/3. Bruce Woollen Mills, s 15/6. Kaiapoi Woollen Mills (ord.), b 10/6; s 11/-. Mosgiel Woollen Mills, b £6 3/-. D.I.C. (pref.), b 20/9. Donaghy’s Rope and Twine, b 33/-; s 34/-. New Zealand Drug Co., b 64/-; s 64/9. New Zealand Express Co., (ord.), b 20/New Zealand Express Co., (pref.), b 17/-. New Zealand Milk Products (deb.), b 21/-. New Zealand Paper Mills, b 16/-; s 17/-. New Zealand Sugar of Milk, s 23/6. Whitcombe and Tombs, b 68/-; s 71/-. Dominion Investments, b 20/-. 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/-. Soldier Settlement Loan Bonds (1933), b £lOO 15/-. Soldier Settlement Loan Bonds (1933), sale reported £lOO 15/-. Soldier Settlement Loan Bonds (1936), b £lOO 10/-. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, June 15. Sales on ’Change: War Bonds (1938), 4A per cent. £96 17/6; Bank of New Zealand 60/6; Farmers’ Co-op. Auctioneering A pref., 17/-, B pref. 15/6; Goldsbrough Mort 50/-; Auckland Gas 23/6; Alburnia 4/8, 4/7; Kawarau 2/6, 2/7, 2/6; Waihi 18/6; Grand Junction 1/4. Wellington, June 15. Sale reported: Bank of New Zealand at 60/74. Sale on ’Change: Bank of New Zealand 60/9. Christchurch, June 15. Sales reported: E.S. and A. Bank £8 1 6/6; National Bank of New Zealand £25 5/-; Bank of New Zealand (cum. div. and j bonus) 60/8, 60/9; Bank of New South [Wales (rights), Queensland National I (rights) 66/6; Goldsbrough Mort (cum. div.) 50/-; New Zealand Refrigerating , (cont.) 6/6; Eclipse Petrol (£1 paid) 7/6; I Kawarau 2/7; Bank of Adelaide (rights) i 29/6. Sales on ’Change: Australian Bank of 'Commerce 37/-, 36/9; Commercial Bank of Sydney £24 17/6; Bank of New’ South Wales (rights) £25 2/6; Bank of Adelaide (rights) 27/6; Goldsbrough Mort (cum. div.) 49/11, 49/10, 49/9; Howard-Smith 32/10 (2 parcels); Kaiapoi Woollens (pref.) 14/10, 14/9; New Zealand Breweries 50/-. Dunedin, June 15. Sales on 'Change: Molyneux Electric 21/-; Kawarau 2/6, 2/7, 2/6. Sales reported: Kawrau 2/6; Bank of New Zealand 60/9; 4| per cent. Inscribed Stock (1938) £97. BURNSIDE STOCK SALE. BIG DROP IN PIG PRICES. Dunedin, June 15. The market for pigs was dead at Burnside to-day, at least 10/- to 15/- being | dropped on last week’s prices. i Fat Cattle.—There was a mixed entry. | There was a sprinkling of cows and heifers | and plain steers, and the supply of prime bullocks was meagre. The market opened on medium quality cattle and prospects appeared to be promising for the fat quality

i —■ ; Department is now considering the question of using the vessel as a breakwater at an East Coast port, in the same manner as the department did with the Talune at Waikokopu. If she is not used as a breakwater, j the Wanaka will be towed outside the limits of the Hauraki Gulf and sunk in deep 1 water. j The Wan aka’s sea career lasted 39 years, I and the vessel was then laid up for 12 1 months in “Rotten Row” in Auckland HarI bour. At the beginning of March she was sold to Messrs Borlase and McKay, shipbreakers, of Dunedin, who have scrapped a ; number of the Union Company’s old steamers. During the past three months, ; while the vessel has been, at her moorings j Ponsonby, the shipbreakers have been I busy in dismantling the machinery and stripping the hull of all metal and other fittings of any value. The salvaged material i is all stacked on deck and in the hold ready to be hoisted on the wharf and sold. WITHIN WIRELESS RANGE. The following vessels were expected to be within wireless range of the undermentioned stations last evening:— Auckland.—Maunganui, Waipori, Kaitoke, Aorangi, Hauraki, Kaitangata, H.M.S. Diomede, Foyle, Haggersgate, Gorinthic. Wellington.—Wahine, Manuka, Arahura, Tamahine, Tutanekai, Tairoa, Rotorua, Coolana, Kaponga, Moeraki, Huntingdon, City of Khartoum, West Nivaria, Antonio, Port Hardy, Whangape, Kauri. Awarua.—Canadian Pioneer, Waikouaiti, Kaituna. Chatham Islands.—Port Dunedin, Wirral. TELEGRAPHED REPORTS. COASTAL AND OVERSEAS. Auckland, June 15. Arrived: Waipori from Greymouth; West Calera from San Pedro. Sailed: Corinthio for Napier; Kurow for Wellington. Wellington, June 15. Arrived: Wahine, Moeraki, Kamo, Holmdale and Storm from Lyttelton. Sailed: Totara and Huntingdon for Lyttelton; Anamba for Bluff. Lyttelton, June 15. Arrived: Canadian Pioneer and Manuka from Wellington; Rotorua from Napier; Kawatiri from Newcastle. Sailed: Waipiata and Manuka for Wellington; Gale for Dunedin. Dunedin, June 15. Arrived: Kaituna from Oamaru; Kartigi from Lyttelton. Sailed: Kartigi for Bluff.

stock. The values were on a par with last week. Pricey: Light bullocks £9 10/- to £ll 5/-; heifers £6 to £7 10/-; cows £5 10/- to £7. Extra heavy ox beef made 33/- per hundred pounds; heifers 30/- to 32/- and light heifers and cows 22/6 to 25/-. Prime handy weights made 35/- per 1001 b. Fat Sheep.—A fair entry considering the big offerings of the last two weeks. The quality was mixed. There was a moderate supply of extra heavy wethers, a fair number of medium wethers and a considerable tail end of mixtures together with a few pennings of extra prime ewes. Prices: Extra heavy wethers 42/- to 45/-; prime heavy wethers 35/- to 37/6; medium wethers 30/- to 34/-; light 24/- to 26/9; extra ewes 30/- to 33/-; prime heavies 25/- to 26/6; medium 18/- to 23/-; light 15/- to 16/6. Lambs.—There was a fair supply. There were a good many prime pennings, some extra heavy and also a number of unfinished and medium sorts. Prices: Extra heavy 30/- to 32/6; prime 27/- to 38/-; medium 22/- to 25/6; unfinished 16/9 to 20/-; extra heavy wethers 5Jd per lb; prime sd; prime ewes 44d; aged 4d; lamb 84d to GAd per lb. Store Cattle. —A big entry including some 150 well-bred bullocks from Central. The balance was made up of ordinary cows and mixed yearlings. There was a fair demand for well-bred bullocks, but ordinary sorts were sticky. Prices: Bullocks £9 15/- to £ll 6/-; three-year-olds £9 5/to £lO 2/6. ADDINGTON MARKETS. ADVANCE IN FAT SHEEP PRICES. Christchurch, June 15. Sheep entries were on the light side at Addington to-day, but fat cattle were again heavily represented. Fat sheep showed a further advance, and good classes of cattle also met with a slightly firmer sale, but poor conditioned steers and cows were hard to quit. Store Sheep.—The bulk of the small entry were poor quality aged ewes. Decentmouthed ewes and forward wethers sold well and lambs met with quite a brisk sale. Crossbred ewe lambs 19/11 to 22/9; inferior crossbred ewe lambs 14/-; forward three-quarterbred wether lambs 14/5 to 15/9; forward crossbred lambs to 17/-; four and six-toothed crossbred ewes 20/- to 25/-; sound-mouthed halfbred ewes 25/-; failingmouthed crossbred ewes 12/- to 18/-; aged halfbred ewes 6/10 to 7/3; forward four, six and eight-toothed halfbred wethers 22/10 to 26/-; sound-mouthed low conditioned wethers 15/9 to 17/4; six and eight-toothed halfbred wethers 19/-; fourtoothed crossbred wethers 21/8. Fat Lambs.—l4oo were penned, a brisk sale, an advance of up to a shilling per head being recorded. A truck lot of 66 averaged 29/1. The rates for export were exceeded.

Fat Sheep.—Another small entry and a very hot sale, ewes showing another advance of up to 4/- a head and wethers to 3/-. Last week the respective advances were 3/and 2/-. Extra prime heavy wethers 39/6 to 44/6; prime wethers 35/- to 39/-;. medium wethers 31/- to 34/6; light wethers 26/6 to 30/6; extra prime ewes 35/- to 39/4; prime ewes 29/9 to 34/6; medium ewes 25/- to 29/6; light ewes 21/- to 24/6; aged ewes 16/6 to 20/6.

Fat Cattle.—A heavy yarding of 615 head, but a sound sale at slightly better rates than last week for finished cattle. Extra good beef made 38/6 per 1001 b; prime 33/6 to 36/6; heavy 29/- to 33/-; medium quality 30/- to 33/-; and rough cow 20/to 24/-; extra prime heavy steers £l7 to £l9 12/6; prime heavy steers £l5 to £l6 15/-; prime medium weight steers £l3 to £l5 10/-; medium quality steers £8 10/- to £l2 10/-; rough Steers £7 to £8 5/-; extra prime heifers to £l2 12/6; prime heifers £8 to £lO 10/-; medium heifers £6 5/- to £7 10/-; light heifers £4 to £6; extra prime cows to £l3 7/6; prime cows £7 5/- to £9 10/-; medium cows £4 10/- to £7; aged cows £3 to £4 5/-. Vealers.—A keen demand for good calves. Twelve to 18-month sorts made to £6 10/and vealers from £2 5/- to £4 15/-. Store Cattle.—A line of 30 three and four-year Hereford steers made £7 17/6. Other stock forward were mostly cows. Dairy Cows.—Best second to fourth calvera made £8 to £l2 5/-; medium £4 to £7 10/-; best heifers £6 to £10; others £2 10/- to £5 15/-. Fat Pigs.—A small entry of baconers and a fairly large one of porkers. A slightly better market for porkers. Choppers £3 10/- to £5 18/6; baconers £3 5/- to £4 18/6; average price per lb s|d to 64d; porkers 43/- to 63/-; average price per lb 7d to Bd. Store Pigs.—An improved market for weanere and small stores. Weariers 13/6 to 18/6; slips 19/- to 25/-; medium stores 26/- to 32/-; large stores 33/- to 46/-; sows in pig up to £6. FOREIGN EXCHANGE. (By Telegraph—Press Assn.—Copyright.) London, June 13. The exchange rates are as follows:

May 27. June 13. Paris, fr to £1 124.00 124.00 Brussels, belgas to £1 34.96 34.97 Oslo, kr to £1 18.79 18.77 Stockholm, kr to £1 18.15 18.13 Copenhagen, kr to £1 18.18 18.17 Rome, lire to £1 88.65 88.13 Berlin, reichmkn to ii 20.50 20.50 Montreal, dol to £1 4.8} 4.85 11-16 New York, dol. t< > £1 4.85 13-16 4.85 21-32 Yokohama, st to yen 22 13-16 23 15-16 Calcutta, st to rupee 17 15-16 1 17| Hong-Kong, st to dol 24} 24} Amsterdam, gldr to £1 12.13} 12.12f Batavia, guilder to £1 12.1} 12.12$ A. and N.Z. and Sun.