COMMERCIAL

Southland Times, Issue 20445, 24 March 1928, Page 2

COMMERCIAL

STOCK EXCHANGE. YESTERDAY'S QUOTATIONS. At a meeting of the Invercargill Stock Exchange yesterday morning the following prices were quoted:— Bank of Australasia, s £l5. Commercial Bank, b 27/7. National Bank of New Zealand, b £6 18/-; s £6 19/-. Bank of New South Wales, b £4B. Union Bank of Australia, s £l4 14/-. Westport Coal Co., s 31/-. National Insurance, b 15/6. New Zealand Insurance, b 41/-. South British Insurance, b 58/6. Standard Insurance, b 62/-. Dalgety and Co., b £l3 18/-. Goldsbrough Mort and Co., b 48/9. National Mortgage and Agency Co., b 71/-. Wright, Stephenson and Co. (ord.), b 21/3. Wright, Stephenson and Co. (pref.), b 15/-; s 15/9. New Zealand Refrigerating Co. (20/-), b 15/6; (10/- paid), b 7/5; s 7/8. Southland Frozen Meat (£1 ord.), b 31/6. Southland Frozen Meat (10/- ord.), b 15/9. Southland Frozen Meat Co. (£1 ord.), b 31/6. Kawarau Gold Mining, s 7d. Huddart, Parker (ord.), b 46/-. Bruce Woollen Mills, b 12/-. Mosgiel Woollen Mills, b £6 12/6. Dominion Rubber Co., b 31/-. New Zealand Drug Co., b 68/3. New Zealand Farmers’ Fertilizers, b 80/-. New Zealand Guarantee Corporation, b 8/6. New Zealand Milk Products, b 22/-. Wilson’s (N.Z.) Portland Cement, s 38/-. Dominion Investments, b 22/-. War Bonds (1930), b £9B. Inscribed Stock (1938), b £97 7/6. War Bonds (1938), b £97 7/6. Inscribed Stock (1939), b £97 7/6, War Bonds (1939), b £97 7/6. P.O. Inscribed Stock (1929), b £9B. Soldier Settlement Loan Bonds (1939) 54 per cent., s £lOO 15/-. The following sales were reported:— Southland Frozen Meat Co. (£1 ord.)

Southland Frozen Meat Co. (10/- ord ), 16/-. Southland Frozen Meat Co. (£1 pref) 32/-. Inscribed Stock (1938), £97 12/6. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, March 23. Sales on ’Change: Commercial Bank of Sydney £26 7/6; Bank of New Zealand 59/-; Waipa Coal 15/3; Auckland Gas 21/10; Auckland Gas (cont.) 15/9; Devonport Ferries 24/9; Northern Steamship (cont.) 7/2; Kauri Timber 22/7 J; Wilsons Cement 37/9. Wellington, March 23. Sales reported: Bank of New Zealand £2 19/-; Union Bank of Australasia £l4 12/6; Dunlop Rubber (ord.) £1 1/104; Wilson’s Cement £1 18/-. Christchurch, March 23. Sales on ’Change: Commercial Bank of Sydney £26 8/6, £26 10/-; National Insurance 15/5; Union Steam (pref.) 20/1 (2 parcels); Tooths Brewery 44/9; Electro Zinc (ord.) 31/6; Victoria Nyanza Sugar 49/9 (2 parcels). Sales reported: Commercial Bank of Australia 27/10; Union Bank £l4 12/6 (2 parcels); Mahakipawa 1/5. WYNDHAM STOCK SALE. Messrs Hunter Bros, and Rice report:— A heavy yarding of sheep forward for the Wyndham, monthly stock gale held on Thursday, a large overflow having to be accommodated in the cattle pens. There was a good representative attendance present. The yarding consisted principally of breeding ewes of an aged class, the majority of the young good ewes being held over for the ewe and ram fair on Friday, March 30. Prices throughout were well maintained and we were successful in disposing of our whole yarding at auction. There was a small yarding of cattle forward, which met a fair demand and late rates were maintained. Appended are our sales:—4s wethers at 29/6, 115 wethers 26/3, 13 wethers 24/3, 1 wether 14/-, 203 f.m. ewes at 11/-, 10 fat ewes 14/-, 37 Lm. ewes 8/3, 223 f.m, ewes at 8/-, 116 f. and f.m. ewes at 8/2, 28 4, 6 and 8-th ewes 15/-, 22 cull ewes 3/6, 52 fat ewes 15/6, 59 fd. ewes 10/-, 37 s.

and f.m. ewes 16/-, 21 fl.m. ewes 16/-, 51 s.m. ewes 22/6, 42 f. and f.m. ewes 23/-, 14 fat ewes 15/3, 62 f.m. ewes 8/6, 72 f.m. ewes 7/-, 44 s.m. ewes 23/-, 230 s.m. ewes 22/9, 160 fl.m. ewes ■ —, 11 c. ewes 4/-, 1 fat ewe 15/9, 51 f.m. ewes 16/6, 230 f.m. ewes 17/4, 125 fl.m. ewes 11/6, 31 s. and f.m. ewes 7/-, 25 ewes 8/-, 119 s.m. ewes 28/8, 18 fl.m. ewes 21/3, 15 aged ewes 7/6, 9 ewes 6/6, 34 ewes 6/-, 48 f.m. ewes 16/9, 80 f.m. ewes 17/-, 1 lamb 19/-, 9 lambs 19/6, 10 lambs 22/9, 28 hoggets £l, 36 lambs £l, 63 ewe lambs 26/7, 8 fat lambs 26/-, 8 forward lambs 19/-, 4 rams 7/-, 3 rams 7/-. Cattle: One fat cow £lO 17/6, 1 fat cow £7, 1 fat heifer £7, 1 bullock £8 15/-, 2 store cows £5 2/6, 1 store cow £3 15/-, 1 store cow £5 7/6, 1 fat cow £6 5/-, 3 store cows £5, 1 fat cow £6 10/-, 1 fat heifer £6 10/-, 1 empty heifer £5 2/6, 1 steer £5, 1 store cow £5 15/-, 2 store cows £4 10/-, 1 bull £B, 1 bull £5 5/-, 1 bull £4 15/-, 4 bull £3 5/-. Pigs.—Two small 16/-. The National Mortgage and Agency Company report:—A large yarding forward consisting principally of breeding ewes, the majority of these being full-mouth with an odd few pens of sound-mouth sheep, the balance being aged ewes. Prices were firm, and we were successful in quitting our entire yarding at auction, our sales being as follows:—Twenty fat wethers 30/6, 17 fat wethers 32/9, 21 fat wethers 29/9, 11 fat wethers 28/6, 10 fat lambs 30/3, 20 fat ewes 13/6, 17 fat ewes 14/3, 42 2-th ewes 32/6, 17 2-th ewes 32/-, 34 f.m. ewes 21/-, 94 f.m. ewes 25/3, 125 f.m. ewes 21/6, 85 f.m. ewes 23/4, 105 f.m. ewes 21/2, 48 f.m. ewes 22/2, 109 f.m. ewes 21/2, 17 f.m. ewes 20/6, 61 f.m. ewes 18/6, 30 f.m. ewes 18/6, 113 f.m. ewes 20/9, 21 f. and f.m. ewes 15/-, 68 f. and f.m. ewes 15/6, 20 f. and f.m. ewes 15/4, 45 f. and f.m. ewes 16/9, 63 f. and f.m. ewes 8/10, 154 f. and f.m. ewes 14/4, 80 f. and f.m. ewes 8/7, 35 f. : and f.m. ewes 4/9, 58 f. and f.m. ewes 7/3, 66 f. and f.m. ewes 7/4, 60 f. and f.m. ewes 14/11, 21 f. and f.m. ewes 3/11, 30 s.m. ewes 25/9, 148 s.m. ewes 27/6, 145 s.m. ewes 30/-, 26 s.m. ewes 30/-, 170 wether lambs 22/6, 109 wethers 18/9, 51 wethers 25/-. Fat cows and heifers—£s, £5 10/-, £7, £6 7/6, £6 10/-. LUMSDEN STOCK SALE. There was a large yarding at the stock sale held at the Lumsden yards on Wednesday, about 9000 sheep being offered. Prices generally showed a decline on those which ruled at the sale held a fortnight previously. Fat lambs were not in great demand and a dull sale for these lines was reported. Good prices were obtained for two-tooth ewes, a line sold on behalf of Messrs Andrews and Dorricot, Eyre Creek, bringing 39/7. The sale generally was inclined p .rag and only good lines were sought after. The following are some of the prices obtained:— Messrs Dalgety and C 0.—41 wethers at 25/6, 16 4 and 6-th ewes 25/-, 51 4 and 6-th ewes 30/9, 28 2-th wethers 25/2, JO f.m. ewes 21/9, 19 2-th ewes 30/-, 40 4 and 6-th ewes 31/-, 70 f.m. ewes 20/-, 70 cull and 2-th ewes Til-, 110 b.m. ewes 7/6, 261 b.m. ewes 6/-, 112 f.m. ewes 16/-, 119 f. and f. ewes 22/5, 55 f. and f. ewes 16/-,

24 f.m. ewes 11/-, 54 f. and f. ewes 10/7, 47 4 and 6-th ewes 36/6, 54 f. and f. ewes 10/7, 48 f. and f. ewes 18/8, 121 g.s.m. ewes 35/6, 151 f.m. ewes 20/6, 191 wether lambs 21/-, 86 f.m. ewes 11/-, 70 ewe lambs 26/6. CANTERBURY MARKETS. OATS FIRMER. LITTLE CHANGE IN WHEAT. Christchurch, March 23. The oat market is firmer and sales have been made at 3/9 for A grade Gartons and 3/5 for B grade f.0.b., s.i., spread delivery. There is an inquiry from Home for B grade Gartons for April-May shipment. There has been little change in wheat and few offerings are being made by farmers Ryegrass is firm and quotations are unchanged. Cocksfoot is slightly easier. Machine dressed now is quoted at 1/- per lb. The North Island demand is easing off and merchants expect it to cease altogether during the next ten days. The potato market shows a decline from £5 to £4 15/- for prompt delivery. The April market is still quoted at £5 10/- f.0.b., s.i. Onions are down from £6 to £5 15/-. LONDON MARKETS. Messrs Dalgety and Company, Limited, report having received the following advice from their head office, London, under date of the 22nd instant: — FROZEN MEAT MARKET. New Zealand lamb market weaker, demand not improved by change in prices. New Zealand mutton market weak, demand limited. New Zealand Prime Mutton: 481 b to 561 b Canterbury 9fd; North Island B|d; 361 b to 421bs Canterbury 9}d; North Island Bsd; second quality Canterbury Bfd; North Island 7Jd; 421 b to 501 b Canterbury -B§d; North Island —.

New Zealand Prime Mutton: 481 b to 561 b Canterbury 7§d; North Island 7d; 651 b to 641 b Canterbury 6id; North Island 6|d; 641 b to 721 b Canterbury sid; North Island s|d. Argentine Chilled Beef: Hinds 6fd; fores 4fd. English and Dutch Pork: 801 b to 1201 b lOd. New Zealand Porkers: 801 b to 1201 b 6Jd; 1001 b to 1201 b 64d. DAIRY PRODUCE. Butter: Market quiet. We quote Danish 194/-, New Zealand finest salted 172/- to 174/-, finest Australian unsalted 166/- to 168/-; finest Australian salted 166/-; g.a.q. Australian 160/- to 162/-. Cheese.—Market firm. We quote New Zealand white 99/-, coloured 99/-; Canadian cheese white 104/- to 108/-, coloured 104/to 106/-.