COMMERCIAL

Southland Times, Issue 20498, 29 May 1928, Page 2

COMMERCIAL

STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. At a meeting, of the Stock Exchange held yesterday morning, the following prices were quoted:— Bank of Australasia, b £l4 6/-. Commercial Bank, b 29/3; s 29/6. English, Scottish and Australian Bank, b £8 8/-. National Bank of New Zealand, b £7 3/-. Bank of New South Wales, b £4B 7/6. Bank of New Zealand, b 60/-. Bank of Adelaide, s £l5. Westport Coal Co., s 30/6. National Insurance, b 15/5. New Zealand Insurance, b 41/9. South British Insurance, b 60/9. Standard Insurance, b 63/-. , Dalgety and Company, b £l4; s £l4 4/6. Goldsbrough, Mort and Co., b 51/-. National Mortgage, b 74/6. Wright, Stephenson and Co. (pref.), s 15/6. New Zealand Refrigerating Meat Co. (20/-), b 18/-; s 18/6; (10/- paid), b 8/3. Southland Frozen Meat (£1 ord.), b 32/-; (10/- ord.), b 16/-; (£1 pref.), b 32/-. Kawarau Gold Mining Co., s Bd. Mount Lyall Mining Co., b 33/-. Huddart, Parker (ord.), b 45/-. Union Steam Ship Co., b 20/4. Bruce Woollen Mills, s 13/3. Mosgiel Woollen Mills, b £6 15/-. Milburn Lime and Cement, s 32/9. New Zealand Drugs, b 69/3. New Zealand Farmers’ Fertilizers, b 92/-. New Zealand Guarantee Corporation, b 8/4; s 8/8. New Zealand Milk Products, s 23/-. Wilson’s (N.Z.) Portland Cement, b 38/6. Dominion Investments, b 22/-. War Bonds, b £9B. Inscribed Stock (1938), b £97 12/6. War Bonds (1938), b £97 12/6. Inscribed Stock (1939), £97 12/6. War Bonds (1939), b £97 12/6. P.O. Inscribed Stock (1929), b £9B. Soldier Settlement Loan Bonds (1933), 54 per cent., b £lOO 2/6. Sales were reported of Bank of Adelaide at £9 9/-, New Zealand Insurance at 42/-, Wright, Stephenson and Co. (pref.), 15/3, and the New Zealand Drug Co. at 69/3. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, May 28. Sales on ’Change: National Bank of New Zealand £7 5/-; Bank of New Zealand 60/3; Westport Coal 30/3; Wellington Woollen £6 4/3; Sanford Ltd. 20/-; Waihi 11/5. Wellington, May 28. Sales reported: D.I.C. (pref.) 20/9; Bank of New Zealand 60/3; Union Bank £l4 18/6; 44 per cent, stock (1938), £97 17/6. Dunedin, May 28. Sales on ’Change: New Zealand Refrigerating (paid) 18/-; Mount Lyell 34/6. Sales reported: Bank of New Zealand 60/3; Westport Coal 30/3 (3), Dalgety and Co. £l4 2/6; 54 per cent. Inscribed Soldiers (1933) £lOO 7/6; Wright, Stephenson and Co. 15/3; New Zealand Drug Co. 69/6. DAIRY PRODUCE. The New Zealand Loan and Mercantile Agency Company, Limited, report having received the following cablegram from their London House under date 3rd instant:— Butter: New Zealand choicest salted 168/to 170/-. Cheese 96/- to 98/- per cwt. The markets are steady. The National Mortgage and Agency Company, Limited report having received the following cable from Messrs A. J. Mills and Co., Ltd., London: — Butter. —Market steady. New Zealand 168/- to 172/-. Danish butter increasing and New Zealand shows declining tendency. Cheese.—Market steady. White and coloured 96/- to 97/-. Canadian offering, sales small. LONDON MARKETS. The New Zealand Meat Producers’ Board has received the following cable from its London office, dated May 25, 1928, advising Smithfield delivered prices averaged for week ending that date as follows: (Prices for the previous week are also shown). (Per lb).

Lamb Market: Strong. Demand is good. Mutton Market: Very firm with good consumption. Beef Market: More inquiry owing to higher prices ruling for Argentine chilled beef.

25/5/28.19/5/28. d. d. N.Z. Wethers and Maidens; Canterbury quality, selected brands— 561b and under 7 A 71 571b to 641b 7 68 651b to 721b 6 A 6i Other brands— 561b and under 71 7 571b to 641b 6£ 64 651b to 721b 6 A 61 New Zealand Ewes— 641b and under 5| 58

N.Z. Lambs; Canterbury quality— 371b to 421b 361b and under 91 101 9J 10 371b to 421b 91 94 431b to 501b 9* 81 Sec'onds 91 91 Selected brands —, 361b and under 104 10 371b to 421b 91 ' 91 Other brands; first quality— 361b and under 91 94 371b Io 421b .. 9* 91 Second quality, 30/32 aver. 9S 91 Argentine Lambs; first quality— 361b and under 8} 81 371b to 421b 8 71 N.Z. Beef— Ox fores 4 34 Ox hinds 51 51 Cow fores 31 31 Cow hinds 41 41 Argentine Chilled Beef— Ox fores 41 4i Ox hinds 71 7 Argentine Frozen Beef— Ox fores 44 44 Frozen Pork— Porkers, 60/801bs 71 71 81/991bs 6 ! l 6 f 100/1201bs .. .. 6 J 6t Baconers, 121/1801bs .. .. 7 7