COMMERCIAL

Southland Times, Issue 20641, 13 November 1928, Page 2

COMMERCIAL

LONDON MARKETS. The New Zealand Meat Producers’ Board has received the following cable from its London office, dated November 9, 1928, advising Smithfield delivered prices averaged for week ending that date as follows: (Prices for the previous week are also shown).

Lamb Market: Better inquiry for first quality. Second quality remains dull. Mutton Market: There has been a better demand for ewes. Market is slow for wethers. Still plentiful supplies Home killed lamb and mutton. Beef Market: Firmer. N.Z. Porker Pigs: Market weaker owing to heavy pitchings of Home killed. N.Z. Baconer Pigs: Market is dull owing to over supply Continental bacon. DAIRY PRODUCE. The National Mortgage and Agency Co., Ltd., report having received the following cable from Messrs A. J. Mills and Co., Ltd., London:— Butter.—Market steadier. New Zealand fresh arrivals. Finest 178/- to 180/-; first grade 172/- to 174/-; New Zealand stored 2/- to 4/- less. Danish 196/- to 198/-. Australian 168/- to 170/-. Cheese.—Market quiet. New Zealand white 106/- to 108/-, coloured 104/- to 105/-; Canadian white 108/- to 110/-, coloured 106/- to 108/-. The above prices are equivalent to: — New Zealand butter 1/4$ to 1/5$ f.o.b. New Zealand cheese 9jd to lOd. WHEAT CARGOES. London, November 10. Wheat: In view of the steadiness of North America and unfavourable weather reports from the Argentine sellers are asking about 3d to 6d advance. The demand is inactive. Parcels are rather harder to buy and no business is reported. Liverpool futures: December 9/3s, March 9/4, May 9/4$ per cental.—Australian Press Association. STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. At a meeting of the Invercargill Stock Exchange yesterday, the following prices wer equoted:— Bank of Australasia: b £l4 14/-. Bank of New Zealand: b 61/3, s 61/9. Union Bank of Australia: b £l5 6/-. Commercial Bank: b 30/-, s 30/6. National Bank of New Zealand: b £7 2/-. E.S. and A. Bank: b £8 16/-. Bank of New South Wales: b £5l 10/-. Westport Coal Co.: s 31/9. National Insurance, b 16/9. Standard Insurance: b 64/-. New Zealand Insurance: b 47/-. Dalgety and Co.: b £l5 4/-. Goldsbrough, Mort and Co.: s 52/-, N.Z. and River Plate: b 30/-. Wright, Stephenson and Co.: (ord.) s 26/-. N.Z. Refrigerating Co.: (20/- paid), s 19/3; (10/- paid); s 9/3. Southland Frozen Meat Co.: (10/- ord.), b 18/6; (£1 ord.), b 37/-; (£1 pref.) b 37/-. Mt. Lyall Mining Co.: s 37/9. Electrolytic Zinc: (pref.), b 34/9; (ord.) b 33/9. Huddart-Parker Shipping Co.: (ord.), s 48/9. Union Steam Ship Co.: (pref.), b 20/6. Kaiapoi Woollen Mills: (pref.), b 14/-; (ord.), b 13/-; (cont.) b 4/-. Mosgiel Woollen Mills: b £7 7/-. Bruce Woollen Mills: (pref.) b 15/-. Colonial Sugar Co.: b £6l 15/-. Wilson’s (N.Z.) Portland Cement, b 40/-. Dominion Rubber Co.: s 29/-. Milburn Lime and Cement: s 36/6. New Zealand Drug: b 69/6. N.Z. Breweries Ltd. (stock): b 24/3. Dominion Investments, b 23/6. N.Z. Guarantee Corporation: s 8/11. N.Z. Milk Products: s 23/-. N.Z. Sugar of Milk: s 26/6. N.Z. Paper Mills: b 16/-. British Tobacco: b 43/9. War Bonds (1930): b £99 5/-. Soldier Settlement Loan Bonds (1933), 5$ per cent.: b £lOl. Inscribed Stock (1938): £99 5/-. War Bonds (1938): £99 5/-. Inscribed Stock (1938): £99 5/-. War Bonds (1939): £99 5/-. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, November 12. Sales on ’Change: New Zealand Breweries Debentures 24/6 (two sales) ; Bank of Australasia £l4 14/-; Commercial Bank of Australia 30/4; Bank of New South Wales £5l 15/-; New Zealand Insurance 47/6; New Zealand Guarantee Corporation (ord.), 8/8; Auckland Gas 23/4; New Zealand Breweries Limited Shares 58/- and 58/3 (two sales) ; Waihi Mining 13/11. Wellington, November 12. Sales on ’Change: Bank of New Zealand 61/6. Sales reported: Bank of New Zealand 61/4 and 61/3; Westport Coal 31/5; New Zealand Breweries 58/6; electrolytic Zinc (ord.) 34/-; Breweries’ Bonds 24/8. Christchurch, November 12. Sales on ’Change: Commercial Bank of Australia 30/3; Bank of New Zealand 61/5 (2 parcels); Goldsbrough Mort 51/9; Commercial Bank of Sydney £27 5/-; New Zealand Refrigerating (10/- paid) 9/4, 9/5; Westport Coal 31/6 (2 parcels) ; New Zealand Breweries 58/6, 58/-; Colonial Suogar £6l; Electrolytic Zinc (pref.), 35/2; Victoria Nyanza Sugar 45/-; Mahakipawa 1/3 (8 parcels). Sales reported: Commercial Bank of Australia 30/2; New Zealand Refrigerating (10/- paid) 9/5 (2 parcels); New Zealand Breweries 58/6, 58/-. Dunedin, November 12. Sales on ’Change: New Zealand BreXveries’ Shares 58/-; Okarito 6d, 9d. Sales reported: National Mortgage 89/(two) ; Bank of Australasia £l4 15/-.

(Per lb). 9/11/28. 2/11/28. N.Z. Wethers and Maidens; Canter bury quality, selected brands— 561b and under 65 65 571b to 641b 6J 64 651b to 721b 61 68 Other brands— 561b and under 68 571b to 641b 6S 64 651b to 721b 64 61 N.Z. Ewes— 641b and under 41 43 N.Z. Lambs; Canterbury quality 361b and under 10.1 101 371b to 421b 104 10J 431b to 501b 98 Seconds 8J 85 Selected brands— 361b and under 10 10 371b to 421b 94 9b Argentine Lambs; first quality— 361b and under 9J 94 N.Z. Beef— Ox fores 35 4 Ox hinds 5 5 Cow fores 33 34 Cow hinds 44 44 Argentine Chilled Beef— Ox fores 43 43 Ox hinds 6J 68 Frozen Pork— Porkers, 60/801bs 7} 71 81/991bs 7 7 100/1201bs 7 7 Baconers, 121/1801bs 7 71