COMMERCIAL.

Timaru Herald, Volume CXXV, Issue 18354, 27 August 1929, Page 3

COMMERCIAL.

CHRISTCHURCH STOCK EXCHANGE. YESTERDAY'S BUSINESS. (Special to the “Herald.”) CHRISTCHURCH. August 26. Sales made on ’Change to-day were as follows:—New Zealand Breweries (Bonds), 28/4 (6); Australian Bank of Commerce, 36/6; New Zealand Refrigerating (10/- paid), 6/10; Kaiapoi Woollen (17/- paid), 14/3, 14/4, 14/-. 14/7 (3), 14/8 (2), 14/9; Stockton Coal (ord.), 3/1, 3/2; Grey Valley Coal, 26/3 (3); New Zealand Breweries, 84/9 (3); Timaru Brewery (5/- paid), 9/(2); British Tobacco, 47/iO; Burns Philp, 47/6 (2), 47/7; Electro-Zinc (ord. cum. div.), 39/3, 39/4; Mt. Lyell, 44/1; New Zealand Farmers’ Fertiliser, 21/7; Victoria Nyanza Sugar (cum. div.), 47/10; New Zealand Government, 51 per cent, inscribed, 1941, £100; Beath and Co., 32/-. Sales Reported.—National Bank of Australasia (£5 paid), £9/13/3; Grey Valley Coal, 26/3; Burns Philp, 47/6; New Zealand Farmers Fertiliser, 21/9; Mt. Lyell, 44/2.

THE SHARE MARKET Bjr T«iegrarK — t'ranm AUCKLAND. August 26. Sales on ’Change.—New Zealand Breweries (debentures), 28/2; National Bank of New Zealand, £6/18/6; New Zealand Insurance, 48/1 h; Devonport Steam, 21/3; Milne and Choyce (debenture stock), 26/7; Ohinemuri, 10/9, 10/9. DUNEDIN, August 26. Sale on ’Change.—New Zealand Refrigerating (cont.), 6/8. Sale reported.—Staples Brewery, 54/9. SMITHFIELD MEAT MARKET. The New Zealand Meat Board has received the following cable from its London office, dated 23rd August, advising Smithfield delivered prices averaged for the week ending that date as follows: New Zealand wethers and maiden ewes.—Canterbury quality, selected brands, 561 b and under 6£d, 57 to 641 b 6d, 65 to 721 b sid; other brands, 561 b and under 65d, 57 to 641 b 53d, 65 to 721 b sgd. New Zealand ewes.—64lb and under 43d. New Zealand lambs.—Canterbury quality, 361 b and under 83d, 37 to 421 b Bd, 43 to 501 b 73d; seconds 73d; selected brands, 361 b and under 83d, 37 to 421 b 75; other brands, first quality, 361 b and under 83d, 37 to 421 b 73d; second quality, 30 to 321 b Bd. Argentine lambs.—First quality, 361 b and,under 73d, 37 to 421 b 7d. Argentine chilled beef.—Ox fores 43d, hinds 73d. Australian frozen beef.—Ox crops, over 1001 b 4d, hinds, over 1601 b 50d. New Zealand frozen pork.—Porkers, 60 to 801 b 83d, 81 to 991 b 73d, 100 to 1201 b 73d; baconers, 121 to 1801 b Bd. Lamb Market.—The demand has been only fair, and some prices have receded a little in consequence. Considerable quantities of Scotch hill lambs are now arriving. Mutton Market.—Wethers remain steady; ewes are a shade easier. MEAT TRANSPORT. The New Zealand Meat Board recently made arrangements for Dr. A. J. M. Smith, of the Cambridge Low Temperature Station, to carry out a detailed scientific survey of the frozen meat industry. Unfortunately, acting under medical advice, Dr. Smith has been prevented from undertaking the work, but Sir Wm. Hardy has now induced Dr. Ezer Griffiths, F.R.S., of the National Physical Laboratory, to come out to New Zealand in charge of this survey. Dr. Griffiths has a worldwide reputation on temperatures, humidity, etc. Dr. Griffiths will be accompanied by other scientists from Cambridge, and it is proposed that the expedition should leave England about ' the middle of September and arrive in New Zealand about the end of October. This will give the scientists an opportunity of meeting the refrigerating engineers. from various freezing works in the Dominion at the annual conference which the Meat Board . arranges about the beginning of the season. A general survey of the London end has already been commenced by members of the expedition.

LATEST QUOTATIONS. Buyers. Sellers. £ s. d. £ s d. N.Z. Government Debentures— 4* p.c., Inscr.. 1938 99 17 6 — 4i p.c., Inscr., 1939 9£ 17 6 — 4i p.c.. Bonds, 1930 99 5 0 99 16 0 4& p.c., Bonds, 1938 99 17 6 — p.c., Bonds, 1939 99 17 6 — 4i p.c., Bonds, 1941 99 17 6 — 54 p.c., Inscr., 1941 10C 0 0 100 10 0 54 p.c., Inscr., 1933 99 12 6 — 5i p.c., Inscr., 1933 101 12 6 — 5b p.c., Bonds, 1933 101 12 6 — 5* p.c., Inscr., 1936 101 15 0 — 5£ p.c.. Bonds, 1936 101 17 6 — 5k p.c., Bonds, 1930 — 100 0 0 p.c., In3cr., 1937 97 15 0 99 0 0 Other Debentures— New Brighton Borough, 53 per cent, 1958 . . . _ 106 0 0 Sluggish River, 5 k per cent, 1944 . Ch’Ch Trams. 4 k - 100 15 0 per cent, 1934 . Ch’Ch Trams, 6 k 95 0 0 per cent, 1934 . N.Z. Breweries — ' 104 0 0 (Bonds) .... 1 8 3 1 8 4 Glaxo, 64 per cent, 1945 92 0 0 — Banks— Adelaide .... 10 0 0 10 3 9 Aust. of Com. . . 1 15 11 1 16 2 Australasia . . . 14 8 6 14 10 6 Com. of Aust. . . . 1 9 7 1 9 9 Do. (pref.) . . . . 7 6 6 7 9 6 Do. (new contr.) . — 0 19 0 Com. of Sydney . 26 2 6 26 7 6 E.S. and A Natl, of Australasia 8 6 3 8 8 3 (£10 paid) . . . 19 12 6 19 14 0 Do. (£5 paid) . . . 9 12 6 9 13 3 National of N.Z. . 6 17 6 6 18 6 New South Wales 51 17 6 52 2 6 New Zealand . . . 3 3 6 3 3 11 Do. (“D” mort *>* shares) .... 1 8 3 1 10 0 Queensland Natl. . 9 13 0 9 15 0 Union of Aust. . . Com. of Aust. (new 15 1 0 15 2 6 fully paid) . . . 1 8 9 1 9 3 Insurance— A.P.A 0 12 9 0 13 11 National 0 16 6 0 16 8 Mercantile Mutual 1 12 3 — New Zealand . . . 2 8 0 2 8 6 South British . . . 3 6 3 3 7 0 Queensland .... 3 6 3 3 7 0 Queensland .... — 3 5 0 Loan and AgencyDalgety and Co. . 15 2 0 15 4 0 Goldsbrough Mort 2 7 7 2 7 11 National Mortgage United Building 4 6 0 Society Wright Stephenson 0 15 5 0 15 9 and Co. (pref.) 0 18 6 — Shipping— Devonport Ferry . 1 1 6 Huddart Parker . 2 5 6 2 6 0 Do. (pref.) . . . P. and O. Deferred ~ 1 2 6 Stock 2 16 0 — Union (pref.) . . . 1 1 0 — Frozen Meat— Canterbury (ord.) 8 17 6 Do. (pref.) .... N.Z. Refrigerating 4 18 9 5 0 9 (£1 paid) . . . — 0 15 3 Do. (10/- paid) . . North Canterbury 0 6 9 0 6 10 Freezing .... 0 17 0 1 9 9 Woollens —■ Kaiapoi (17/- pd.) 0 14 6 0 14 9 Do. (7/- paid) . . 0 5 3 0 5 6 Do. (pref.) .... 0 15 10 0 16 10 Coal— Taupiri 1 9 0 1 10 9 Westport 1 13 10 1 15 0 Stockton (ord.) . . 0 3 2 0 3 3 Do. (pref.) .... 0 4 9 Grey Valley .... 1 6 3 1 6 5 G as— Auckland .... 1 4 0 1 4 4 Christchurch . . . 1 6 1 1 6 5 Do. (10/- paid) . 0 13 1 0 13 5 Timaru 1 5 0 — Breweries— Shamrock .... 2 16 0 3 0 0 Carlton 2 7 6 2 8 2 Foster's 4 0 0 Montieth’s .... 1 0 3 1 3 9 New Zealand . . . 4 4 9 4 4 11 Staples 2 14 6 2 14 9 Swan 4 13 0 — Timaru 0 16 0 0 17 0 Do. (5/- paid) . . 0 8 LI 0 9 0 Tooth’s 2 L4 6 2 15 0 Ward 1 9 6 1 12 0 White Star .... 0 12 0 Miscellaneous — Australian Distilleries 1 2 6 — Allied Motors . . 0 2 6 Beath and Co. . . 1 L2 0 1 12 3 Do. ('./- paid) . . Australian Iron & 0 9 4 0 9 6 Steel (pref.) . . 1 2 2 1 2 6 British Tobacco 2 7 7 2 7 10 Burns Philp . . . Canterbury Far2 7 7 2 7 8 mers’ Co.-op., Timaru (pref.) 1 0 0 Colonial Sugar . . 57 6 0 57 12 6 Dunlop Rubber . . Electro Zinc (ord.. 1 0 1 9 1 cum. div.) . . . 1 l9 3 1 19 4 Do. (pref., cum. div.) 1 9 2 1 19 4 Greater Crystal Palace 1 1 0 1 7 0 Henry Jones Co.-op. . . 1 13 6 1 14 0 Holden’s Motors 'cum. div.) . . 1 7 9 1 8 6 Howard Smith . . Mason Struthers 1 2 0 1 3 9 Kauri Timber . . 0 .7 0 0 18 6 (£1 paid, cum. div.) 0 12 0 0 16 9 Mt. Lyell 2 4 3 2 4 5 N.Z. Drug Co. . . N.Z. F a r m e r s’ 3 15 0 3 18 0 Co.-op (10/paid> . . . 0 3 6 i Do. (1st pref.) . . 4 0 0 4 16 0 i Do. (A pref.) . . 3 8 6 3 10 3 Do. (B pref.) . 3 1 0 3 3 0 1

Do. (64 per cent stock, 1940) . . Do. (64 per cent 92 10 0 94 5 0 stock, 1945) . . 92 10 0 94 10 0 N.Z. Farmer s’ Fertiliser .... 1 1 3 1 1 7 N.Z. Express (pref.) — 0 19 0 Quill Morris (cum. div.) 0 17 0 0 19 9 Smith fiz Smith (pref.) 0 19 0 — Taranaki Oil . . . Victoria Nyanza 0 3 9 0 4 9 Sugar (cum. div.) 2 7 9 2 8 3 Wilson’s Cement . 2 4 4 2 4 8 Hoyts (A pref.) Herald & Weekly 1 3 0 1 9 Times 5 7 6 5 11 6 P.lir mg— Kildare 0 4 4 Kararau 0 0 3 0 0 6 Mahakipawa . . . 0 0 34 0 0 4 Ohinemuri . 0 10 3 0 10 9 Okarito 0 1 2 0 1 10 (prem.) Winding Creek (1/- paid) . . . 0 1 7 • 0 1 9 Do. (6d paid) . . . 0 1 8 0 1 9