COMMERCIAL

Southland Times, Issue 20585, 8 September 1928, Page 2

COMMERCIAL

RIVERSDALE STOCK SALE. A QUIET MARKET. A special stock sale held at Riversdale yesterday did not attract a very large attendance and the market generally was quieter than it has been for some time past. The entry included a fair number of pens of full and failing-mouth ewes, but for these there was very little inquiry and the prices offering were a good deal below recent market rates. Very few pens were disposed of. A few pens of well-grown wether hoggets were forward and realized from 7/5 to 29/-. The only two lines of ewe hoggets offered were passed in at 35/6 and 35/9 respectively. There was also little inquiry for wethers, but a pen of particularly prime heavy sorts offered by the New Zealand Loan and Mercantile Agency Co., Ltd., on account of Mr W. McKay, Otama, realized 43/9. Sales were:— New Zealand Loan and Mercantile Agency Co., Ltd.: 124 f. and f.m. ewes passed at 26/9; 140 do. passed at 23/3; 49 fat wethers at 43/9; 95 f.m. ewes at 22/2; 50 f. and f.m. ewes passed at 24/-. Southland Farmers’ Co-operative Association, Ltd.: 103 ewe hoggets passed at 35/6. Dalgety and Co., Ltd.: 178 f. and fjn. ewes at 17/5; 220 wether hoggets at 27/5; 69 ewes at 21/-; 50 forward wethers at 36/6. J. E. Watson and Co., Ltd.: 30 4 and 6-tooth wethers passed at 36/-; 94 wether hoggets at 29/-; 129 ewe hoggets passed at 35/9; 90 f. and f.m. ewes at 25/-; 200 2, 4, 6 and 8-tooth ewes passed at 40/-. Wright, Stephenson and Co., Ltd.: 115 store wethers at 32/-; 16 f.m. ewes at 16/5; 107 wether hoggets at 27/6; 10 cull ewes at 7/-; 200 f. and fjn. ewes at 25/9. National Mortgage and Agency Co. Ltd.: 257 store wethers passed 27/1. FOREIGN EXCHANGE. London, September 6. The exchange rates on London are as fol-

TALLOW SALES. Messrs Dalgety and Company, Limited, report having received the following advice from their head office, London, under date of the sth: At the tallow sales 664 casks were offered, of which 206 were sold. Prices for most descriptions 3d lower. STOCK EXCHANGE. YESTERDAY’S QUOTATIONS' At a meeting of the Invercargill Stock Exchange yesterday the following prices were quoted:— Bank of Australasia, b £l4 19/-. Commercial Bank, b 30/6; s 30/10. E.S. and A. Bank, b £8 12/-; s £8 13/-. Bank of New South Wales, b £5O 5/-; s £5O 15/-. Bank of New Zealand, b 61/-; s 61/6; Union Bank of Australia, b £l5 3/-; s £l5 7/-. National Bank of New b 15/5. Morley Collieries, Ltd. (ord.), s 34/3. Westport Coal, a 31 A. Westport Stockton (ord.), b 3/6; s 3/9. Westport Stockton (8 per cent, non. cum. pref.), b 4/3; s 5/6. National insurance, s 16/9. New Zealand Insurance, b 43/6. South British Insurance, b 63/-. Standard Insurance, b 65/-. Dalgety and Co., s £l5 5/-. Goldsbrough, Mort and Co., b 51/3; s 52/-. National Mortgage, b 81/-. Wright, Stephenson and Co. (ord.), a 25/-. Wright, Stephenson and Co. (pref.), b 16/-. Gear Meat Preserving, b 40/-. New Zealand Refrigerating (20/-) b 18/9; s 19/6. New Zealand Refrigerating (10/- paid), b 9/-; s 9/6. Southland Frozen Meat (£1 ord.), b 34/6. Southland Frozen Meat (10/- ord.), b 17/3. Southland Frozen Meat (£1 pref.), 34/6. Mount Lyall, s 35/6. Electrolytic Zinc (ord.), b 32/-; s 33/-. Huddart-Parker (ord.), b 48/9; s 49/6. P. and O.S.N. Co. (def. stock), b £240. Bruce Woollen Mills, b 13/-. Kaiapoi Woollen Mills (ord.), b 13/-; (pref.), b 15/3; (cont.), 4/1. Mosgiel Woollen Mills, b £7 2/6. Colonial Sugar Co., b £62 10/-. D.LC. (ord.), b 10/- premium. Dominion Rubber, s 28/-.

Donaghy’s Rope and Twine, b 33/-. McLeod Bros.’ Soap, b £3O. Milburn Lime and Cement, b 33/3. New Zealand Breweries, Ltd. (shares), s 48/6; b 49/9; (stock), b 24/-. Now Zealand Drug, b 70/-. New Zealand Farmers’ Fertilizers, b 81/-. New Zealand Express (pref.), s 18/6. New Zealand Guarantee Corporation, s 9/-. New Zealand Milk Products, s 23/-. Wilson’s (N.Z.) Portland Cement, b 38/3. Dominion Investments, b 22/6. War Bonds (1930), b £99 2/6. War Bonds (1938), b £99 2/6; s £99 10/-. Inscribed Stock (1938), b £99 2/6. Inscribed Stock (1939), b £99 2/6. War Bonds (1939), b £99 2/6. P.O. Inscribed stock (1929), b £9B 10/-. Soldier Settlement Loan Bonds (1933), 5i per cent., b £lOl 2/6. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, September 7. Sales on ’Change: Auckland Harbour Board (1941), 6 per cent. £lO4 15/-; New Zealand Breweries’ Debentures 24/-; Commercial Bank of Australia 30/8; Bank of New Zealand 61/3; National Insurance 16/5; New Zealand Insurance 44/-; Northern Steamship 14/6; Kaiapoi Woollen 13/6; Auckland Amusement Park 5/-; Gear Meat 41/-; H.M. Arcade Theatre (pref.), 22/-; Morris Hedstrom 21/-. Wellington, September 7. Sales reported: Gear Meat 40/9 and 41/-; New Zealand Express Co. 17/6. Christchurch, September 7. Sales on ’Change: Dalgety and Co. £l5 2/6, £l5 3/-; White Star Brewery 13/-; British Tobacco 43/1Q (2 parcels); New Zealand Sugar of Milk 25/-; Mahakipawa 1/2, 1/1 (15 parcels), 1/-,’ lid (12 parcels) 1/-. Dunedin, September 7. Sales reported: National Bank of New Zealand £7 1/6; Bank of New South Wales £5O 10/-; New Zealand Insurance 44/-.

low:— May 7. Sept. 6. Paris, fr to £1 .. .. 124.02 124.26 Brussels, belgas to £1 .. 34.95 34.90 Oslo, kr to £1 18.23 18.19 Stockholm, kr to £1 .. 18.20 18.15 Copenhagen, kr to £1 . 18.20 18.19 Berlin, rchmkn to £1 . 20.40 20.36 Montreal, dol. to £1 . 4.88 1-32 4 .84 13-16 Yokohama, pence to yen 23 1-16 22} Hong Kong, pence to dol 24 5-32 24} Calcutta, pence to rupee 18 18 Batavia, gldr to £1 . 12.10} 12.12J Rome, Lire to £1 .. .. 92.63 92.69 Amsterdam, gldr to £1 12.09} 12.10 Prague, kr to £1 .. .. 1645 163 11-16 —Australian Press Association.