COMMERCIAL

Sun (Christchurch), Volume I, Issue 115, 20 June 1914, Page 14

COMMERCIAL

CONSOLS AND STOCKS.

By Cable. — Press Association. — Copyright,

LONDON, Juno 19

Current quotations lor consols and Australasian Government stocks, compared with those of last week and the corresponding period of last year are:—

LONDON MARKETS. LONDON, June 19. METALS. Copper—Spot £6l 12/6, forward £62 5/-. Tin—Spot £139 5/-, forward £l4l. Spelter—£2l 5/-. SUGAR. German 9/6, first-marks'-1.1/7s. WOOL. The Bradford wool market is stagand quotations are unchanged. GENERAL PRODUCE. Wheat—The market is inactive, owing to the weakness of the Ameri- . can markets. An Australian cargo sold at 06/9. Spot lines are quoted at | 38/-. Flour —Little business is doing. For Australian patents, any position, 25/3 is asked. Oats —Gartons, May-June shipment, * 21/- to 21/6, c.i.f. Beans—The market is inactive for New Zealand lines, and prices are unchanged. Peas—The market is easier. First Maples, June shipment, 50/-, c.i.f. BUTTER AND CHEESE. Butter—Colonial is dull. New Zealand being nominally unchanged. Australian 100/- to 102/-, exceptional 104/-, uusalted 106/- to 108/-. -, Cheese—The market is rather easier, and the high prices ruling have checked business. New Zealand white 64/-, HOME QUOTATIONS. ; ; - (Received June 20, 12.45 p.m.) • LONDON, June 19. ~':.''' Silver—Bar silver is quoted at ' '2/1 11-164 per ounce standard. Jute- —August shipment £27 10/-. .

MOUNT LYELL RETURN. (Received June 20, 10 a.m.) MELBOURNE, June 20. ■ The Mount Lyell return from May i 4 to June 10, inclusive, shows that 26,843 tons of ore, also six tons of purchased ore, were treated, and yielded:, Copper, r>7;'» tons; silver, 35,7020z; gold, 7220-. -PROZEN MEAT MARKET. I Messrs Kay.e and Carter, Ltd., arc in receipt of cable advice from their London agents, Messrs Gilbert Anderson and "Co., quoting Smithficld market prices as under: —Prime Canterbury lamb, 28/.-S6;"' 6Jd; do, 36/42, Cd; do' 42/30, s§d; Southland and selected North island, 28/42, 6id; North Island lamb, 28/42, 6d; prime Canterbury mutton, , 48/56, 4jfd; do 56/64, 4 3-16df do 64/72, HJd; Southland &/or best North Island, 56/64, 4Jd; North Island, 56/64, 3 15-16' d. Messrs Weddel and Co., under date London; June lCycable reporting on the Smithficld meat 'market as undernoted: Prime New .Zealand lamb, ,u/36, 6]d, market quiet; do, 36/42, 6d, quiet; do, ,42/50, s|d, quiet; G.A.Q. North Island lamb, 6d, quiet; prime Australian do, 5 11-16 d, quiet; secondary do, 5-jd, quiet; inferior do; ssd, quiet; New Zealand ox hinds, 4 7-16 d, weak; do fores, Sgd,- weak; prime Canterbury mutton, 4 3-16 d, quijet; do Wellington do, 3 15-1 Gd, quipt; do Plate do^fdf quiet; do Australian, do, 3|d, quiet. Messrs W. Weddel and Co., Ltd., under date London, June 18, cable the .position of the dairy market as follows:—"Danish butter 117/-, New Zealand first grade salted 110/- to 112/-; market steady. New Zealand first grade white cheese 64/- to 64/6, do. coloured cheese 65/- to 65/6; market steady." TO-DAY'S POULTRY MARKET. Owing to the weather the entry in J. B. Merrett'« Poultry Market was not as large as usual. Prices were high, table chickens bringing from 4/- to 8/2, 2/- to 4/-; breeding cockerels 8/- to 15/6; hens, 2/- to 5/6; pullets, 8/- to 7/6; ducks, 5/- to 7/10; turkey

gobblers, 38/-; all per pair. The demand is for thousands of birds where only hundreds are being supplied.

THE EGG MARKET. The egg market shows a decline, though prices are firm. Canterbury Egg Circle, first grades, realised 1/8 to 1/9, seconds 1/5 to 1/7, preserved 1/3, store eggs 1/4 to 1/0 a dozen. THE POULTRY INDUSTRY. Addressing a number of farmers aad poultry men at the poultry market todav, Mr J. B. Merrett urged everyone present not to miss seeing the splendid show of poultry in the King Edward Barracks. The exhibits were from north and south, and were a credit to the Dominion. The Department of Agriculture had an exhibit that was an education to everybody. The silver beet demonstration should be seen by all poultrvmen. It was to be regretted that it'was not being viewed by thousands instead of hundreds. It was a pity the show could not be thrown open to the citizens of Christchurch on' Sunday, so that young and old might receive an insight into what the country can produce. This system was being adopted in America by leading shows. An opportunity could be given to contribute a silver coin to help meet the expense. '' There surely can x be no more harm," said, the speaker, "in viewing the live products of Nature than studying in church the artificial products of man on the ladies' hatf. or in shop windows.'' The suggestion was considered a splendid innovation, and is to be commended to the club for consideration.

THE SHARE MARKET. In most issues the share market has been very active this week, doubtless due to the fact that a large number of sales have been made in connection with a large local estate. Interest centred mainly on Christchurch Gas and Kaiapoi and Mosgiel Woollens, Farmers' Insurance, and Manning's Brewery, in which a good business was done. Insurance shares remained firm, but very little business was done. Bank shares held their advance, and the few changes were mostly upward, though transactions, remained scanty. Mining stocks, with the exception of Ross Goldfields, are a shade firmer than last week. Banks. —Bank of New Zealand: No business was reported in the fully paid section. Sales of the £3 6/8 paid issue were reported at £lO 18/- and £lO 17/-, ex dividend. National Banks: Business has been done at £5 16/-, an advance of 6d upon last week's figures. There is a good demand for these shares, evidently based on dividend expectation, and an increase in price is certain. Q as . —Christchurch Gas: Considerable business was reported in this section. Several sales were made at £7 8/- and £7 9/-, the former price remaining at the close of the week. This company's half-yearly dividend is payable on August 1, and there is every prospect of the shares remaining firm. Wellington Gas: While no business has been reported, buyers are regularly offeriug £l6 7/6. Insurance. —Farmers' Insurance: Considerable business was done in this issue, and several parcels changed owners at £5 19/-, £6, and £6 1/-. National Insurance: Sales were recorded at si>/(5 and 5iJ/9. This figure appears high, in view of the fact that these shares only return slightly over 41 per cent, on investment. They however, continue in firm demand, investors evidently anticipating a share distribution. New Zealand Insurance: As mentioned in our last week's . report; this company's shares appeared high at £6 9/6 and £6 -8/6, aud our opinion has been confirmed this week, as sales have been reported at £6 7/6. • -

Meats.—Chris'tchurch Meats: A sale of the £lO issue was made at £l6 7/6, ex dividend. These share's are good buying, but sellers arc very .scarce. Canterbury Frozen Meat Co.: Although no business has been reported this issue has declined to sellers £8 17/6,'due'no doubt to a large holding by a local estate which will eventually come on the market,

Shipping.—Pnion Steam Ship Co.: Prices of the ordinary issue declined from 25/- the previous week to 24/9 and 24/8. Sellers are asking 24/9 and buyers 24/6. Prices of the preference issue have remained stationary at 20/7. N.Z. Shipping Co.: Sellers of this issue are quoting £ls 10/- for the ordinary, while buyers are offering £lO 5/- for preference. A dull time has ruled in this issue for some time past, and all quotations are in a downward direction.

Coal. —Wcstport: Sales have been reported at 30/3, and sellers are still quoting this figure. There is an indication that prices of this issue will remain fairly stationary. Taupiris: Business in this issue lias improved, sales having been reported from 21/6 to 21/9, with further buyers at 21/6. Woollens.—Kaiapoi Co.: Several sales were made at £5 6/-, with sellers still at the figure. Mosgicl Co.: Considerable, activity was displayed in this issue. Several sales were reported at £3 14/- aiyl £3 14/6, and with buyers still offering £3 13/6. Wellington Co.: No business has been reported. Sellers have further reduced their prices to £4 10/-.

Miscellaneous.—Bowron Bros.: Buyers are still offering 7/-. No business has resulted, and buyers will have to increase their figure if they are • desirous of doing business. Farmers' Co-op.: Prices have firmed slightly. Sales have been made at 48/-, and sellers are now asking 48/3. Whitcombe and Tombs: Sellers have reduced prices from £6 5/- to £6 2/6, without business resulting. Breweries.—Manning's: Sales of this issue (£4 paid) have been made at £.'s 18/6. Buyers are now offering £o 17/6 without"sellers. '-Ward's:-This issue (£4 paid) are wanted at £O, but sellers are not quoting. Mining.—Wailii: Sales at the beginning «£ the week were recorded at

4;!/9, and prices this week have remained almost stationary. To-day's quotations are, buyers 4:5/3, sellers 44/-. Waihi Grand Junction: Prices fluctuated from 25/9 to 20/,">. To-day prices show, buyers 25/9, sellers 20/-. Talismans: Sales at the beginning of the week showed 35/-, and increased to 35/6. Today's prices show, buyers 35/-, sellers 35/0. Ross: Sales have been reported at 2/- and 1/10. To-day's quotations are, buyers 1/7, sellers 1/8. CHRISTCHURCH STOCK EXCHANGE. SATURDAY, JUNE 20, 1914. SALES REPORTED. Taupiri Coal, 21/3. Christchurch Gas, £7 8/-. Christehurch Meat Co., £l6 7/6. N.Z. Farmers' Co-operative, £2 8/-. TO-DAY'S QUOTATIONS.

AUCKLAND STOCK EXCHANGE. Press Association. AUCKLAND, June 20. Sales: Talisman i 55/3, Bank of New Zealand £l7 4/-.

This Las* Last week. week. year. £ S. £ B. S, s. d. Ji p.c. Imperial Consols .. 74 71 74 0 73 0 0 4 p.c. N.Z.* .. 99 21 99 21 100 0 0 3J p.c. N.Z.t.. 89 0 89 0 88 0 0 3 p.c. N.Z.J . . 60 0 80 0 76 0 0 4 ..px. N.S.W. 3 j pre: n.s.w. 100 0 101 0 101 0 0 — — 97 10 0 33 p.c. N.S.W. 1930-50 92 0 92 0 89 0 0 3 p.c. N.S.W. 83 0 83 0 82 0 0 4 p.c. Victoria 100 0 100 0 99 0 0 31 p.c. Victoria 90 0 90 0 93 0 0 31 p.c. Victoria 1929-49 94 0 94 0 93 0 0 3 p.c. Victoria — — 77 0 0 3K p.c. S.A. ... 90 0 91 0 89 0 0 3 p.c. S.A. . . 74 0 74 0 73 0 0 4 p.c. Qnsld. 100 0 100 0 99 0 0 _3i p.c. Qnsld. 95 0 95 0 93 0 0 "*5 p.c. Qnsld. 80 0 80 0 76 0 0 81 p.c. W.A. .. 92 0 92 0 88 0 0 3 p.c. W.A. . . 86 0 86 0 81 0 0 31 p.c. Tas. .. 92 0 92 0 88 0 0 .3 p.c. Tas. . . 82 0 82 0 81 0 0 *Intcrest payable in May and November tlntercst payable in January and Jiilj:. tlnterest payable in April and October

Buyers. Sellers HANKS— £ s. d. £ s. a. Nationnl of N.Z. 5 15 6 ■— COAL— 1 1 6 — West-port — 1 10 3 Westport-Stockton. . — 0 3 0 GAS— Christchurch .. .. — 7 8 0 Wellington . .• . . 16 7 6 — INSURANCE— National of N.Z. . . 1 15 9 . .- MEATS— Cant. Frozen Meat —. 8 17 G Christchurch Meat Co. — 1G 10 0 MISCELLANEOUS— Bowron Bros 0 7 0 — N.Z. Consol. Dentiil — 1 1 6 N.Z. Farmers' Co-op. — 2 8 3 N.Z. Paper Mills . . 17 0 — Whitcombe & Tombs 6 •> 6