COMMERCIAL

Southland Times, Issue 21087, 20 May 1930, Page 2

COMMERCIAL

STOCK EXCHANGE.

YESTERDAY’S QUOTATIONS,

At yesterday’s meeting of the Invercargill Stock Exchange, the’following, prices were quoted:— Bank of Australasia: b £l2 3/-. Commercial Bank of Australia: b 20/5; s 21/-. E.S. and A. Banks: b £6 1/-. National Bank of New Zealand: b £6 2/6. ' , , Bank of New South Wales (cum. div.): b £39. , - Bank of New Zealand: b £2 18/6. New Zealand Breweries (shares): b 52/-, 52/9. Westport Coal: b 30/6, s 31/6. National Insurance: b 14/-, s 14/9. South British Insurance: b 59/-. Wright, Stephenson and Co. (ord.) : b 20/3. Gear Meat Preserving (20/- paid): b 35/-; (10/- paid): b 4/6, s 4/10. Southland Frozen Meat (£1 ord.) : b 35/-; (10/- ord.), b 17/6; (£1 pref.), b 35/-. Mount Lyell Mining: b 28/-, s 28/3. Winding Creek Gold Mining: s 9d. Stoney Creek: s 9d. Union Steam Ship Co. (pref.): b 20/9. Kaiapoi Woollen Mills (cont.): b 3/11, s 4/3; (ord.) s 12/-. Australian Iron and Steel: s 19/6. British Tobacco (Aust.): b 37/6. D.I.C. (pref.): b 20/3. Milburn Lime and Cement: s 34/-. New Zealand Drug: b 63/-. New Zealand Farmers’ Fertilizers: b 18/3, s 19/6. New Zealand Paper Mills: b 20/-, s 20/6. Wilson’s (N.Z.) Portland Cement: b 41/6. Inscribed Stock, 1938, 4J per cent, (free of income tax): b £9B. War Bonds, 1938, 4J per cent, (free of income tax): b £9B. Inscribed Stock, 1939, 4J per cent, (free of income tax) : b £9B. War Bonds, 1939, 41 per cent, (free of income tax): b £9B. Government Bonds, 51 per cent., 1933: £99. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, May 19. Sales on ’Change: One Tree Hill Road Board (1963) 5} per cent. £lOO 15/-; Commercial Bank of Australia 20/8 (late sale Saturday), 20/9; Bank of New Zealand 58/6; South British Insurance (late eale Saturday) 59/3; Northern Steam (cont.) 6/6; Mount Lyell 27/9; New Zealand Insurance 43/9. Wellington, May 19. Sales reported: New Zealand Investment Mort and Deposit 10/6; New Zealand Brew reries (4 sales) £2 12/-; Electrolytic Zinc (pref.) £1 5/9; Union Bank of Australia £ll 6/-. Christchurch, May 19. Sales on ’Change: Commercial Bank of Australia 20/9; National Insurance 14/5; Goldsbrough Mort 32/-; Westport Coal (cum. div.) 31/4; Tooth’s Brewery 34/-; Amalgamated Wireless (cont.) 21/6; Dunlop Pcrdriau Rubber 14/8, 14/3; New Zealand Drug Co. 63/-. Sales reported: Commercial Bank of Australia 20/8; Timaru Gas (late sale 17th) 21/3; Dunlop Pedriau Rubber 14/10; National Insurance 14/5. Dunedin, May 19. Sale on ’Change: Eclipse Petrol 15/-. Sales' reported: Westport-Stockton (ord.) 1/5 . (two.) MINING REPORT. The manager of the Hauraki Mines Consolidated, Limited, reports as follows: — “The stope on the cross reef, above the 300 ft level, is now ,up 40ft and 30ft in length. The reef varies from nothing to 6 inches in width; no gold has been seen in the last two stopes. A start has been made to sink on the junction below the level, then an underhand stope will be carried along under the point where the rich stone was got just above the level. Repairs to the main plunger pump pleted last week, and a start has been made to take out the accumulated water to allow of work being resumed at the 400 ft level. DAIRY PRODUCE. The New Zealand Dairy Produce Board has received the following market report from its London office, dated May 16, 1930: Butter: New Zealand salted 126/- to 130/-, unsalted 140/- to 144/-; exceptional 150/-; first whey 120/-; second whey 118/-. Deliveries New Zealand this week 875 tons. In store New Zealand this week 9963 tons. Australian salted 124/- to 128/-, unsalted 120/- to 126/-, exceptional 128/-. Irish cream salted 126/-, unsalted 130/-. Danish 132/- to 134/- spot, 126/- f.o.b. Dutch, unsalted 128/- to 132/-. Esthonian 124/to 126/-. Latvian 124/- to 126/-. Siberian 122/- to 123/-. Polish 112/- to 120/-. Market slow. Danish retail price reduced to 1/4. New Zealand retail price unchanged 1/4. Cheese.—-New Zealand white 81/- to 82/-, coloured 85/- to 87/-. Deliveries New Zealand this week 14,000 crates. In store New Zealand this week 123,353 crates. Australian white 80/-, coloured 83/-. Market quiet. Retail prices unchanged. Canadian white 98/- to 106/-, coloured 96/- to 104/-. Deliveries Canadian 2050 boxes. In store Canadian 97,690 boxes. The Port Pirie commenced discharge of cheese on May 11, and of butter on the 12th; Matakana commenced discharge of butter 10th, Mamilius 12th, Remuera 15th, and Middlesex commenced discharge of cheese on May 15. "•Shipments From New Zealand. lonic sailed 10/5/30: Butter (boxes) salted 9882; unsalted 241; whey 103. Cheese (crates), white 11,033, coloured 3,300. Port Hardy sailed 13/5/30: Cheese (crates) white 5233, coloured 1114. The board has also received the following advice from its agents in Canada: New York —Butter 344 cents; Montreal butter 294 cents. U.S.A, butter stocks 23,000,000 lbs., last year 6,000,0001b5. Canadian butter stock 8,250,0001b5, last year 2,500,000 lbs. Messrs Dalgety and Co., Ltd., report having received the following market cable from their head office, London, under date of May 14. Dairy Produce Market. Butter: Market slow. Danish 130/- to 134/-; New Zealand finest salted 127/- to 129/-; Australian finest unsalted 126/- to 128/-; Australian finest salted 126/- to 128/-; Australian g.a.q. 120/- to 122/-. Cheese: Market slow. Australian white 79/- to 81/-, Australian coloured 83/- to 85/-; New Zealand white 80/- to 82/-; New Zealand coloured 85/- to 87/-; Canadian white 92/- to 96/-; Canadian coloured 92/- to 98/-; Canadian c.i.f. 80/-. Tallow: Market unchanged. The South Island Dairy Association, Ltd., has received the following market report from the New Zealand Produce Association, Ltd., London: — Butter.—Dull 126/- to 130/-; unsalted 140/- to 144/-; Danish 132/- to 134/-. Cheese.—-White 81/- to 82/-; coloured 85/- to 87/-.

The National Mortgage and Agency Co., Ltd., advise having received the following cable from Messrs A. J. Mills and Co., Ltd., London: — Butter: Market slow. New Zealand finest 128/- to 130/-, New Zealand first grade 126/- to 127/-; Danish 132/- to 134/-; Australian 124/- to 128/-.' Cheese.—Market quiet. New Zealand white 81/- to 82/-; New Zealand coloured. 86/- to S7/-.

LONDON MARKETS.

The New Zealand Meat Producers’ Board has received the following cable from its London office, dated May 16, 1930, advising that the following are the approximate average prices realized for the week, based on actual transactions of wholesale quantities of the descriptions of meat mentioned and are for representative parcels of the goods offering during the week, being for business done on the basis of delivered to Smithfield market and/or ex London stores. (Prices for the previous week are also' shown). (per lb.) 16/5/30. 9/5/30. d. d.

New Zealand sheep, Canterbury and North Island selected crossbred wethers and maiden ewes— 481b to 561b 51 51 571b to 641b 4J 4* 651b to 721b 41 4 North Island do. — 481b to 561b 41 41 571b to 641b 41 4} 651b to 721b 4 3J Ewes— 48lb to 641b .. 313 651b to 721b ■* 21 2iN.Z. Lambs, Canterbury— 361b and under 8181 371b to 421b 7171 431b to 501b 7 61 Second quality, average 331b / i i T Other South Island brands— 361b and under 81 8 371b to 421b 7.1 • 71 431b to 501b 7 61 Including Downs, selected North Island brands— 361b and under 81 81 371b to 421b 71 71 431b to 501b 7 61 Second quality, average 311b / 7.1 Other North Island brands, first quality— 361b and under 8 7.1 371b to 421b 7 Second quality, average 311b 71 71 Australian Lambs, Victorian first quality— 7 7 371b to 421b 61 61 Argentine Lamb, first quality— 361b and under 7 7 371b to 421b 6 6 N.Z. Beef— Ox fores 34 31 Ox hinds 5 J Cow fores — 3 Cow hinds — 41 Argentine Chilled Beef— Ox fores 3J 31 Ox hinds 61 65 Australian Frozen Beef— ' Ox hinds, over 1601b .. .. .. 5 J 5SN.Z. Prime Porker Pigs— 601b to 1001b 8491 1011b to 1201b 7-b 7 AN.Z., Prime Baconer Pigs— 1211b to 1801b 71 71 Lamb: Market is firmer with improved prices. Consumption continues good. Mutton Market: Wethers, market is firmer. Consumptive demand is improving. Ewes are also firmer; low prices are helping consumption. ■ New Zealand Beef: Market is quiet— trade slow'. New Zealand Porker Pigs: Demand is small owing to warm weather. New Zealand Baconer Pigs: Nominal prices.