COMMERCIAL

Southland Times, Issue 20833, 23 July 1929, Page 2

COMMERCIAL

STOCK EXCHANGE.

YESTERDAY’S QUOTATIONS.

At yesterday’s meeting of the Invercargill Stock Exchange, the following prices were quoted:— A.B.C. Bank: b 36/5. Bank of Australasia: s £l4 17/-. Commercial Bank: b 29/11. E.S. and A. Bank: s £8 11/-. National Bank of Australasia: (cont.), b £9 13/-, s £9 17/-. National Bank of New Zealand: s £7 1/-. Bank of New South Wales: b £5l 10/-. Bank of New Zealand: b 61/3, s 61/9; “D” issue, b 28/3. Union Bank of Australia: s £l5 15/-. Dunedin Brewery Co.: b 29/-. New'Zealand Brewery: (shares) b 82/-; (stock), b 27/9. Staples’Brewery: b 53/6, s 55/6. Grey Valley Collieries: b 24/3, s 33/-. Westport Coal Co.: b 32/6, s 33/-. Westport-Stockton Coal Co.: (8 per cent, non-cum. pref.), b 4/-. National Insurance: b 16/-, s 16/4. New Zealand Insurance: b 47/9. Queensland Insurance: s 64/-. South British Insurance: b 67/9. Standard Insurance: b 67/-. Dalgety and Co.: b £l5 5/-. Goldsbrough, Mort and Co.: s 47/6. National Mortgage: s 90/-. New Zealand and River Plate: b 30/-.

Perpetual Trustees (Dunedin): b 67/-.

Trustees’ Executive (Dunedin): b 60/-. Wright, Stephenson and Co.: (ord.), b 25/4; (pref.), 18/4. Gear Meat Preserving (20/- paid): b 43/-.

New Zealand Refrigerating: (20/- paid), b 16/-, s 16/9; (10/- paid), b 7/6, s 7/9. Southland Frozen Meat: (£1 ord.), b 38/6; (10/- ord.): b 19/3; (£1 pref.), b 38/6.

Electrolytic Zinc: (ord.) b 37/-, (pref.), b 37/9, s 38/-. Kildare: b 4/3. Mount Lyell: b 42/-, s 43/-. Okarito: b lOd prein. Winding Creek Gold Mining: s 1/9 prem. Howard Smith (ord.): s 24/-. Huddart-Parker (ord.): b 45/-, s 46/-. Union Steam Ship Co. (pref.): b 21/-. Bruce Woollen Mills: b 10/3, s 11/3.

Kaiapoi Woollen Mills: (cont.) b 4/9, s 5/3; (ord.) b 14/-, s 14/6; (pref.): b 16/3.

Mosgiel Woollen Mills: b £7 14/-. Wellington Woollen Mills (ord.): b £7 5/-. Australian Iron and Steel: b 21/3. British Tobacco (Aust.): 48/-, 48/9. Colonial Sugar Co.: b £57 15/-. Dental and Medical Supply Co.: s 12/-. D.I.C. (ord.): b 11/- premium; (pref.): b 21/-. Dominion Investments: b 24/-. Dominion Rubber Co.: b 29/6, s 32/-. Donaghy’s Rope and Twine: b 35/9. Dunlop Rubber (Aust.): b 27/6. Eclipse Petrol: b 16/-. Hoyts’ Theatre (A pref) : b 22/6, s 23/-. Milburn Liinc and Cement : b 3S/3, s 39/-. New Zealand Drug: b 76/-. New Zealand Farmers’ Fertilizers: b 23/-. New Zealand Guarantee Corporation: s 9/6. New Zealand Milk Products: s 23/-. New Zealand Paper Mills: s 21/-. Wilson’s (N.Z.) Portland Cement: b 44/-. Inscribed Stock (1938) 41 per cent, (free of income tax) : b £99 17/6. War Bonds (1938) 41 per cent, (free of income tax): b £99 17/6. Inscribed Stock (1939), 41 per cent, (free of income tax): b £99 17/6. War Bonds (1939), 41 per cent, (free of income tax) : b £99 17/6. Soldier Settlement Loan Bonds (1933): 51 per cent, (not free of income tax): b £lOl 10/-. Sales were reported of Hoyt’s (A pref.) at 22/9, 44 per cent. War Bonds (1938) at £lOO, Waipara Borough (1959) at £lOO and Bank of Australasia at £l4 14/-. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, July 22. Sales on 'Change: New Zealand Breweries (debentures) 28/6; Auckland Gas 24/9; Northern Steam Ship 14/6; New Zealand Breweries 84/-, S4/3, 85/3; Australian Glass 55/3; Colonial Sugar £57 10/-; Sanford Limited 18/3; Renown Collieries (pref.) 3/1. Wellington, July 22. Sales reported: Bank of Australasia £l4 14/-; Gear Meat Co. (2 parcels) £2 4/-. Sales on ’Change: Wellington Meat Export Co. (ord.) 10/-; New Zealand Breweries (shares) 85/- and 85/3; New Zealand Breweries 10 per cent. Bonds £1 9/-; J.

Staples and Co. 55/9 and 56/-; Bank of New Zealand £3 1/3; Union Bank of Australia £l5 13/-; Union Bank of Australia, Melbourne register, £l5 14/-. Christchurch, July 22.

Sales on 'Change: New Zealand Breweries (bonds), 28/9 (2); Commercial Bank of Australia 30/- (2); National Bank of Australasia (£5 paid) £9 16/6 (2); Bank of New Zealand 61/2; Kaiapoi Woollens 17/paid (14/-) 3; New Zealand Breweries 84/6, 84/9, 85/-; Staples Brewery 56/-; British Tobacco 48/3; East African Coffee 41/6; New' Zealand Fanners’ Fertilizer 24/6; Quill Morris 17/6; Mahakipawa 54d (2), 54d (4); Winding Creek (6d paid) (2/3) (2), 2/1, 2/- (7). Sale reported: Huddart-Parker 45/6. Dunedin, July 22. Sales on 'Change: Bank of New Zealand 61/6; Kildare 4/9 (prem.). Sales reported: Huddart-Parker 45/6; Wilson’s Cement 44/6; Staples Brewery 56/- (2). WYNDHAM HORSE SALE. Messrs Dalgety and Co., Ltd., report as follows: —About 30 horses came forward for the second sale which was held at Ferguson’s Stables. The yarding was a very mixed lot, comprising mostly light harness horses and aged draught horses. There was a keen demand for any good working sorts but light and aged horses were practically neglected, sales for this class being rather hard to make. One spring cart mare £2O; 1 spring cart gelding £4 15/-; 1 spring cart gelding £22; 1 draught gelding £2B; 1 spring cart gelding £29 10/-; 1 hack mare passed; 1 draught mare £4O; half-draught mare £2B; 1 draught mare £3B; 1 draught gelding £5 10/-; 1 draught mare £2l; 1 spring cart gelding passed; 1 draught gelding passed; 1 do. passed; 1 do. passed; 1 do. passed; 1 draught mare £24; 1 draught mare £4O; 1 spring cart gelding £l5; 1 hack and harness gelding £4 15/-; 1 spring cart gelding £lO 10/-; 1 draught mare £l2; 1 spring cart mare £l9 10/-; 1 draught gelding £35; 1 draught mare passed; 1 hack and harness gelding £ll 10/-; 1 draught gelding £l7 10/-; 1 pony mare £3 5/-; 1 hack £l5. BUTTER FOR CANADA. LARGE QUANTITY SOLD. * OVER FOUR THOUSAND TONS. GOOD PRICES OBTAINED. Palmerston North, July IS. The statement that Amalgamated Dairies had sold over 4000 tons of butter to Eastern Canada, for shipment during October, November, December, January and February next, was made by Mr W. Goodfellow at a meeting of factory directors to-day, says the New Zealand Herald’s correspondent. These sales averaged slightly above 16.? d per lb nett to the factory for finest quality, and a farthing less for first grade. Sales as high as 17d nett to factory had been made for small parcels. Mr Goodfellow stated that associated companies would have an opportunity on a tonnage basis of sharing Canadian sales. He stated further that factories were previously asking more than Canada would pay, but that there was now a tendency to reduce prices below 1/42, which was quite unnecessary, and which would only result in a general all-round reduction in price without any additional quantity being sold. Mr W. Grounds and Mr Goodfellow have already addressed numerous meetings _of factory directors, and the Empire marketing proposal is being well received. LONDON MARKETS. The New Zealand Meat Producers’ Board has received the following cable from its London office, dated July 19, 1929. advising Smithfield delivered prices averaged for week ending that date as follows:— (Prices for the previous week are also shown). (Per lb).

Hot weather restricting consumption of all meat. Lamb market weaker. Mutton Market: Light-weight wethers, weaker, better inquiry for heavy-weights. Ewes: Trade slow, market weaker. New Zealand Porker Pigs: Nominal prices. New Zealand Baconer Pigs: Market steady. The New Zealand Dairy Produce Board has received the following market report from its London Office dated July 19, 1929: Butter.—New Zealand salted 170/-, 173/-, exceptional 174/-; unsalted 168/- to 174/-; first, whey 157/-; second whey 153/-. 170/- to 173/- equals approximately 1/41 f.o.b. Deliveries of New Zealand this week totalled 940 tons. In store, New Zealand this week 8650 tons. Australian finest salted 163/- to 167/-; exceptional 168/-; unsalted 163/- to 16S/-. Argentine finest unsalted 160/- to 164/-; Danish 167/- f.0.b., 173/- to 175/- spot. Dutch unsalted 164/to 168/-. Irish Creamery salted 167/- to 168/-; unsalted 170/- to 171/-. Esthonian 158/- to 162/-. Latvian 158/- to 160/-. Siberian 156/-. Ukranian 156/-. Polish 140/- to 154/-. French baskets, salted 154/- to 164/-; unsalted 165/-. Market quiet. Retail prices unchanged. Cheese. —New Zealand white 90/- to 91/-, coloured 93/- to 94/-. 90/- to 91/- equals approximately Bid f.o.b. Deliveries New Zealand this week 21,780 crates. In store New Zealand this week 101,029 crates. Australian white 88/- to 89/-, coloured 90/to 91/-; English finest farmers 94/- to 100/-; Canadian white 102/- to 112/-, coloured 102/- to 110/-; new season’s white 89/- to 90/-, coloured 91/- to 92/-; deep coloured 97/-. Market quiet. Retail prices unchanged. S.s. Rotorua finished discharging butter July 13; Taramoa commenced discharging cheese July 13, finished 15th; commenced discharging butter July 15, finished 17th. Devon commenced discharging butter and cheese 16th, finished butter July 18. 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 steady. Finest New Zealand 172/- to 174/-; first grade New Zealand 171/- to. 173/-. Danish 172/- to 174/-. Australian 163/- to 167/-. Irish 166/- to 168/-. Continental market improving. Cheese. —Market steady. New Zealand white 90/- to 91/-. New Zealand coloured 92/- to 93/-. Canadian c.i.f quotations 86/- to 90/-.

19/7/29. 12/7/29. d. d. N.Z. Wethers and Maidens; Canterbury quality, selected brands— 561b and under Off 7 571b to 641b 6i 61 051b to 721b 51 5S Other brands — 561b and under 65 61 571b to 641b 54 54 651b to 721b 5 8N.Z. Ewes— 641b and under 45 o N.Z. Lambs; Canterbury quality— 361b and under 9 91 371b to 421b 8:? 8S 431b to 501b 84 84 Seconds .. Sir 8:1 Selected brands —- 361b and under 91 91 371b to 421b 85 85 Other brands; first quality— 361b and under 81 9 371b to 421b ' 81 81 Second quality, 30/32 average 9 91 Argentine Lambs; first quality— 361b and under 8 81 . 371b to 421b 71 75 Argentine Chilled Beef— Ox fores 41 41 Ox hinds .. 71 Australian Frozen Beef — Ox -crops, over lOOlbs .. .. Ox hinds over 1601bs 41 4.1 51 51 N.Z. Frozen Pork— Porkers, 601b to 801b 81 81 811b to 99!b 8 8 1001b to 1201b 8 8 Baconers, 1211b to 1801b 81 8}