COMMERCIAL

Southland Times, Issue 21263, 9 December 1930, Page 2

COMMERCIAL

STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. At yesterday’s call-over on the Invercargill Stock Exchange, the following prices were quoted:— Bank of Australasia: b £10; s £lO 15/-. Commercial Bank: s 16/2. E.SI and A. Bank: s £5 1/ . National Bank of Australasia (cont.): b £5 2/6; s £5 6/-. National Bank of New Zealand: s £5 10/-. Bank of New South Wales: s £29 2/6. Bank of New Zealand (ex div.): b 50/-; s 52/-. Union Bank of Australia: b £9; s £9 10/-. New Zealand Breweries (shares): b 41/-. Grey Valley Collieries, Ltd.: s 20/3. .Westport Coal: b 25/6; 5.27/6. New Zealand Insurance: s 42/6. Dalgety and Co.: s £7 17/6. Goldsbrough, Mort and Co.: s 20/6. Perpetual Trustees (Dunedin): b 68/-. Trustees’ Executors (Dunedin): b 59/-. : Wright, Stephenson and Co. (pref.): b 15/-. New Zealand Refrigerating (20/- paid): b 8/6. Electrolytic Zinc (pref.) : b 17/-. Mount Lyell Mining: b 19/6. King Solomon Mining: s Bd. Bruce Woollen: b 10/-. Mosgiel Woollen: b £6 10/-. British Tobacco (Aust.) : b 29/9; s 30/6. D.I.C. (pref.) : b 20/-. Dominion Rubber Co.: s 16/-. Donaghy’s Rope and Twine: b 32/6. Milburn Lime and Cement: s 31/-. New Zealand .Farmers’ Fertilizers: b 16/-; s 16/6. New Zealand Guarantee Corporation: b 7/-. New Zealand Paper Mills: b 18/-; s 18/9. Inscribed Stock, 193 S (free of income tax), 41 per cent.: s £99 10/-. War Bonds, 1938 (free of income tax), 11 per cent.: s £99 10/-. Inscribed Stock, 1939 (free of income tax), 41. per cent.: s £99 10/-. War Bonds, 1939 (free of income tax), -11-per cent.: s £O9 10/-.-

Sales Reported. The following sales-were reported:— New Zealand Breweries at 41/2. Union Bank'at' £9 5/-. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (t’j.T .United Press Association.) Auckland, December 8. Sales on ’Change: Bank of New Zealand 51/-; Goldsbrough Mort 19/6; West port Coal 26/-; Auckland Gas 23/3; Electrolytic Zinc (pref.) IS/- (late sales Saturday); New Zealand Breweries 40/- (two parcels). Wellington, December 8. Sales reported (December 8): Golds brough Mort and Co. 19/9; Auckland Gas Co. £1 3/3; Taranaki Oil Co. 2/4; New Zealand Guarantee Corporation (ord.) £7; New Zealand Government 5J per cent. Stock, 1941, £95 5/-; Bank of Australasia £9 15/6 and £9 15/-; Bank of New Zea land £2 10/11. Christchurch, December 8. Sales on ’Change: Commercial Bank of Australia (pref.) £6 6/-; New Zealand Guarantee Corporation 6/11; Mahakipawa Goldfields Sd. Sales reported: Commercial Bank of Australia 15/11, 15/9, 15/11; National Bank of New Zealand (cum. div.) £5 5/-; Goldsbrough Mort 19/6, 19/3, 19/9 (2); New Zealand Breweries 41/1. Dunedin, December S. Sales on ’Change: New Zealand Refrigerating (cont.) 2/-; Okarito Mining 4/9, 4/8 (two), 4/7 (two).

FROZEN MEAT MARKET. The New Zealand Meat Producers’ Board has' received the following cable from its London office, dated December 5, 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.) 5/12/30.28/11/30. N.Z. Sheep, Canterbury and North Island selected crossbred wethers and maiden ewes—

Lambs: Market, is steady, prices remaining unaltered. Meeting strong competition from new season’s Australian and South American. Mutton Market : Wethers, weaker through increased pressure to sell. Ewes, steady with no change in prices.

Beef: Market is depressed through low prices of Argentine chilled beef.

Weekly quotations for the undermentioned classes of frozen meats based on actual sales of wholesale quotations of carcasses of mutton or lamb, or quarters of beef delivered at Smithfield market and, or ex London stores, haVe been compiled as follows by the Quotations Committee, Smithfield. To arrive at equivalent ex ship values, a farthing per lb should be deducted from the prices quoted below’. The quotations are an average for the week and are not for selected lines, but for parcels fairly representative of bulk shipments on offer.

(Rec. 5.5 p.m.) London, December 6. New’ Zealand Sheep: Canterbury and North Island selected crossbred wethers and maiden ewes 4S/561b s[d lb, 57/641b and 65/721b 53d; North Island do. 4S/561b 5Jd; 58/641b and 65/721b sd. Australian Lambs: Victorian first quality 361 b and under 83d, do. 37/421b 83d; all states third quality 63d. New Zealand Frozen Beef: Ox fores 160/2201b 3Jd, do. ox hinds 160/22()1b 5d lb. Australian Frozen Beef: Ox crops under 1001 b 3Jd, do. over 1001 b 33d, do. ox hinds under 1601 b 43d, do. over 1601 b 4|d. New Zealand Pigs: First quality 111/120 lb Gid lb. Other meats unchanged. Messrs Dalgety and Company, Limited, report having received the following advice from their head office, London, under date of December 4 :— New Zealand lamb market weak; demand poor owing to cold weather. New Zealand mutton market weaker, demand limited. New Zealand beef market unchanged, demand fair. New Zealand pork market weaker, demand better owing to cold weather. Australian lamb market weak, demand moderate. Australian mutton market weaker, demand limited. New Zealand Prime Lamb: 28/361b Canterbury 83d, 36/421b Canterbury B]d, second quality Canterbury 7Jd, 42/501b Canterbury 7?d. New Zealand Prime Mutton: 48/561b Canterbury 53d; North Island 43d; 56/641b Canterbury sd; North Island 4i'd; 64/721b Canterbury sd; North Island 4j'd. New Zealand Prime Ewe: 48/641b Canterbury 34d. G.a.q. Australian Lamb: 2S/361b 83d, do. 36/421b 73d. F. do. 28/3611) 6?d. Australian lamb, third quality 6jd. G. Australian mutton 40/6011) 43d. F.a.q. do. 30/551b 33d. Australian Ewes: 3pd. New Zealand Prime Ox Beef: Hinds 5 |d, fores 4d. Argentine Chilled Beef: Hinds opl, fores 4.1 d. English and Dutch Pork: 801 b to 1201 b Sd. New Zealand Baconers: 1201 b to 1701 b 5.1 d. New Zealand Porkers: SOlb to 1001 b 7Jd; 1001 b to 1201 b 6'|d. DAIRY PRODUCE MARKET. The New Zealand Dairy Produce Board has received the following market report from its London office, dated December 5, 1930:— Butter: New Zealand salted 102/-, 106/-; unsalted 110/-, 116/-; first whey 94/-; second whey 92/-. Deliveries, New Zealand this week 2527 tons; in store New Zealand this week 3626 tons. Australian salted 100/-, 104/-; unsalted 106/-, 110/-; deliveries Australian 1423 tons. In store Australian 824 tons. Argentine unsalted 98/-, 104/-, exceptional 110/-; Danish 119/f.0.b., 130/-, 132/- spot; Dutch unsalted 128/- to 130/-; Polish 90/- to 94/-. Market firm following active demand. Retail prices unchanged. Empire marketing board’s estimated stocks all butters at December 1 320,380 boxes. Cold stored stocks cleared. Practically current arrivals New Zealand and Australian butter practically closely sold up by deliveries each W’eek. Discharge vessels delayed owing to fog. Estimate December imports butter into United Kingdom 30,000 to 31,000 tons (last year 27,000 tons). Cheese: New Zealand white 58/-, 60/-, exceptional 61/-; coloured 56/-, 58/-, exceptional 59/-. Deliveries New Zealand this week 19,000 crates. In store New Zealand this week 43,000 crates. Australian white 58/-, coloured 56/-; more doing at the lower prices. Canadian white 74/-, 78/-, exceptional 80/-; coloured 74/-,. 76/-, exceptional 78/-. Market quiet. Deliveries Canadian 18,488 boxes; in store Canadian 250,150 boxes; English finest farmers 100/-, 106A_ '

4Slt> to 561b 571b to 641b .. 651b to 721b 5 A 5 A 5S51 North Island do.— 4Slb to 561b 51 51571b to 641b .. 5 5 A 651b to 721b 5 51 Ewes—• 481b to 641b 34. 34 651b to 721b ' 31 31 N.Z. Lambs, Canterbury— 361b and under 81 81 371b to 421b .. .. 8ii 431b to 501b 7j Second quality, average 331b 7ff 7A Other South Island brands— 361b and under 818} 371b to 421b 8.1 S’r 431b to 501b Including Downs, selected North 8 Island brands— 361b and under 8.1 ‘81 371b to 421b 8} 81 431b to 501b Australian Lambs, Victorian first 7tf 7 J quality (new season's) — 361b and under 8? 81 371b to 421b Argentine Lamb, first quality (new SA 81 season's) — 361b and under 8 8 371b to 421b N.Z. Beef--Ox fores rtft 4 Ox hinds 0 °8 Argentine Chilled Beef — Ox fores 41 41Ox hinds .. i) 'i 5.1 Australian Frozen Beef — Ox crops, over 1001b' Ox hinds, over 1601b ..' .. .. Off 4 4A •Jft N.Z. Prime Porker Pigs— 601b to 1001b 8 8 1011b to 1201b (i •’ 6 i N.Z. Prime Baconer Pigs— 1211b to 1801b 6.1 b j