COMMERCIAL.

Timaru Herald, Volume CXXV, Issue 18583, 2 June 1930, Page 7

COMMERCIAL.

THE LONDON MARKETS FROZEN MEAT QUOTATIONS. ! (United Press Association —By Electric ! Telegraph—Copyright.) (Received June 1. 5.5 p.m.) LONDON, May 31. j The weekly quotations for the j undermentioned classes of frozen j meats are based on actual sales of j wholesale quantities of carcases of | mutton or lamb, or of quarters of beef , delivered to Smithfield market and/or ex London stores. They are compiled by the Quotations Committee, Smithfield. To arrive at the equivalent ex ship values one farthing per pound should be deducted from the prices quoted below. Quotations given represent the average for the week, and are not selected lines, but for parcels fairly representative of the bulk of the shipments now on offer. New Zealand sheep.—Canterbury and North Island selected, crossbred wethers and maiden ewes 571 b to 641 b, 43d; 651 b to 721 b, 4ad: North Island 571 b to 641 b, 4id; 651 b to 721 b, 41d; ewes 651 b to 721 b, 3d. Australian sheep.—First quality, crossbreds and/or merino wethers. 401 b to 651 b, 3hd; second auality, 301 b. to 551 b, 3*d. Argentine sheep—First quality, crossbred wethers 431 b to 641 b, 4d; 651 b to 721 b, 3§d; over 721 b, 35d. Patagonian sheep.—Wethers and/or maiden ewes, under 501 b, 3sd; 501 b. to 601 b, 3id. New Zealand lambs.—Canterbury, 361 b. and under, B*d; 371 b to 421 b, 8.1 d; 43 to 501 b, 7Sd; second quality, average 331 b, 73d; other South Island brands, 361 b. and under, 83d; 371 b to 421 b, 8d; 431 b. to 501 b, 73d; selected North Island brands 361 b. and under, 9d; 371 b. to 421 b, 81d; 431 bto 501 b, 72d; second quality, average 311 b, Bsd; other North Island brands, first quality, 361 b and under, B*d; 371 b. to 421 b, 7ld; second quality average 311 b, Bd. Australian lambs.—Victorian, first quality, 361 b and under, 71d; 371 b. to 421 b, 63d; other States, first quality, 361 b. and under, 63d; 371 b to 421 b, 6id. Argentine lambs—First quality, 361 b. and under, 7d; 371 b. tb 421 b, 6d; 431 b to 501 b, 6d. Patagonian lambs —First quality, 361 b and under, 63d; 371 b. to 421 b, 6sd; second quality, average 301 b, 6£d. New Zealand frozen beef—Ox fores, 1601 b. to 2201 b, 3!d; ox hinds, 1601 b. to 2201 b, 3ld; ox hinds, 1601 b. to 2201 b, sgd. Australian frozen beef.—Ox crops, under 1001 b, 3}d; ox crops over 1001 b, 3jJd; ox hinds, under 1601 b, ssd; over 1601 b, s&d. Argentine chilled beef. —Ox fores 1601 b to 2201 b, 3id; ox hinds 1601 b to . 2201 b, 6id. f ' SALE OF RABBITSKINS. 1 (United Press Association —By auoctrlt Telegraptl—Copyright.) LONDON, May 30. i At the New Zealand rabbitskin sales, 2650 bales were offered, and 920 sold. Hatters’ sorts, good, declined 10 per cent., compared with March : 13. Low grades 20 per cent.; furriers’, [ stout and pelted, were slightly easier. j Thin pelted were neglected. CHRISTCHURCH STOCK | EXCHANGE

SATURDAY’S QUOTATIONS. (Special to the “Herald.”) CHRISTCHURCH, May 31. The following quotations were current on ’Change on Sautrday:— Buyers. Sellers. £ s. d. £ s. d.

I THE SHARE MARKET. By Telegraph—Press Association. AUCKLAND, May 31. Sales on 'Change.—Commercial Bank of Australia (late sale Friday) 21/8; E., S., and A. Bank £6 10s, N.Z. Guarantee Corporation (late sale Friday) 7/9; Farmers’ Trading 8/9: Mount Lyell 29/6; Colinial Sugar £4l/5/-. DUNEDIN, May 31. Sale reported—Paper Mills 19/6 Gate sale Friday). WELLINGTON, May 31. 1 Sales reported—N.Z. Guarantee CorI poration (ord.) 7/10. 7/10i, N.Z. j Breweries £2 12s (3); Electrolytic Zinc i (pref.), £1 7s 3d.

N.Z. Government Debentures — 5} p.c. Inscr., 1933 — 99 0 0 55 p.c. Inscr., 1933 99 5 0 — 55 p.c. Bonds, 1933 99 5 0 — 55 p.c. Inscr., 1936 99 7 6 — 55 p.c. Inscr., 1937 99 7 6 — 55 p.c. Bonds, 1937 99 7 6 — Other DebenturesGlaxo, 65 p.c., 1945 90 0 0 94 15 0 Banks — Adelaide 6 17 6 7 4 0 Aust. of Comm. . 1 4 9 1 5 2 Australasia .- . . . 12 5 0 — Comm, of Aust. . 1 1 7 1 1 8 Comm, of Sydney 22 2 6 22 12 6 E.S. and A. . . . National of A’sia. 6 9 6 6 10 0 (£10 paid) . . 15 5 6 15 7 0

Do. (£5 paid) . . 7 11 6 7 12 6 Natl, of New Zea. 6 6 0 New South Wales 39 5 0 39 10 0 New Zealand (cum div.) 2 18 10 Queensland Natl. 6 15 6 Union of Aust. . . 11 15 6 11 17 0 Insurance— Mercantile Mutual 1 5 0 1 10 0 National 0 14 4 0 14 6 Standard 2 13 6 3 0 0 Loan and Agency Dalgety and Co. . 11 6 0 11 12 0 Goldsbrough Mort 1 12 3 1 12 6 N.Z Guarantee Corporation . . 0 7 10 0 7 11 N.Z. Loan and Mercantile (or. stock, cum d.) LOO 0 0 United Building Society 0 14 6 0 15 0 Shipping— Union (pref.) . . 1 0 6 — Frozen Meat— 'Canterbury (ord.) — 6 10 0 Do. (pref.) . . . 3 15 0 4 5 0 Gear 1 17 0 — N.Z. Refrigerating £1 paid) .... 0 10 8 — Do. (10/- paid) . 0 4 9 0 5 0 North Canterbury Freezing — 0 2 6 Woollens— Kaiapoi (17/- pd.) 0 11 7 0 12 0 Do. (7/- paid) . . 0 4 0 — Do. (pref.) .... 0 13 7 — Coal— Grey Valley . . . 1 3 6 1 5 0 Taupiri ..... 1 3 0 1 5 3 Westport (ex div.) 1 10 0 — Stockton (pref.) . 0 2 3 0 4 0 Gas— Auckland .... 1 4 0 — Christchurch 1 6 0 — Christchurch (10s paid) 0 13 0 — Breweries— Carlton ..... 1 13 6 1 15 3 Fosters — 3 10 0 New Zealand 2 11 11 2 12 0 Staples 2 7 6 2 7 11 Tooheys ..... — 1 4 0 Tooths 1 14 9 1 14 11 Miscellaneous— Amalgamated Wixcless (contr.) . . 1 0 9 1 1 0 'ur|. Distillery . 0 18 0 il 0 6 Beath and Co. . . 1 7 0 1 9 0 Do. (1/- paid) . . 0 5 6 0 7 0 British Tobacco . 2 0 8 2 0 10 Colonial Sugar ... 41 0 0 41 7 rj Dunlop Perdriau Rubber .... 0 14 11 Electrolytic Zinc (pref.) .... 1 7 i 1 7 5 Henry Jones Co-op. (cum div.) . . 1 9 6 1 10 6 Herald and Weekly Times . . . 2 2 6 — Howard Smith 0 16 9 0 18 0 Mount Lyell (cum div.) * 1 9 6 1 9 8 N.Z. Drug Co. . . — 3 5 0 N.Z. Farmers’ Coop. (£2/10/paid) — 1 1 0 Do. (A. pref.) . . — 2 5 0 Do. (B. pref.) . . 2 3 0 2 9 0 North Canterbury Co-op. Flour . 0 16 6 0T7 5 Quill. Morris . . . 0 12 0 0 14 0 Wilson’s Cement (cum div.) . . 2 5 0 -i Wunderlich . . . — i 4 0 Mining— Alexander .... 0 14 0 Kiitiere Okarito 0 2 4 0 2 10 (prem) Stoney Creek (6d paid) 0 0 55 0 0 6 Winding Creek (Is paid 0 0 5 Cornish Point (Is paid) 0 0 9 0 0 10