COMMERCIAL.

Timaru Herald, Volume CXXV, Issue 18584, 3 June 1930, Page 10

COMMERCIAL.

THE DAY'S BUSINESS. Sales on ’Change.—Australian Bank of Commerce, 25/3; Commercial Bank of Australia, 21/10; E., S. and A. Bank, £6/10/- (3); New Zealand Refrigerating (10/- paid), 5/- (4); Kaiapoi Woollens (17/- paid), 12/-; Westport Coal, 30/7; New Zealand Breweries, 52/- (3), 51/6; Tooths Breweries, 34/11; Amalgamated Wireless (cont.), 20/9 (5); Booth, Macdonald (pref.), 3/11; British Tobacco, 40/11, 41/2; Mt. Lyell (cum. div.), 29/6. Sales reported.—Commercial Bank of Sydney, £22/10/-; Union Bank of Australia, £ll/17/-; New Zealand Guarantee Corporation, 7/10; Westport Coal, 30/6; New Zealand Breweries, 52/2 (3), 52/-; British Tobacco, 40/11. This Exchange will be closed to-day, the King’s birthday. LONDON MEAT PRICES. The New Zealand Meat Producers’ Board has received the following cable from its London Office, dated May 30, 1930, advising that the following are the approximate average prices realised 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 delivered to Smithfield market and/or ex London stores:— New Zealand Sheep.—Canterbury and crossbred wethers, 48/56, sid: North Island and maiden ewea, 57/64, 4£d; selected 65/72 43d; North Island, 48 56, 45d; North Island, 57/64, 4id; North Island, 65/72, 44d; ewes 48/64, 3id; ewes, 65/72, 3d. New Zealand Lambs.—Canterbury, 36 lb and under, 83d; 37/42, 84d: 43/50. 73d.;. 2nd quality, average, 33, 73d; other South Island brands, 361. b and under, 83d; 37/42, 8d; 43/50, 73d; including downs, selected North Island brands. 361 b and under 9d; 37/42, 84d; 43/50, 7«d; 2nd quality, average. 31, 83d; other North Island brands, Ist quality, 361 b and under, B*d; 37/42, 73d; 2nd quality, ; average, 31, Bd. Australian Lambs.—Victorian first quality, 361 b and under, 7id; do. do. 37/42, 63d. Argentine Lamb.—First quality, 361 b and under, 7d; do. 37/42, 6d. New Zealand Beef.—Ox fores 3id; ox hinds. 5 3d. Argentine Chilled Beef.—Ox fores, 3Sd; ox hinds, 6id. Australian Frozen Beef.—Ox crops (over 100), 33d; ox hinds (over 160) 53d. New Zealand Porker Pigs.—(6o/100) 73d; (101/120) 7d New Zealand Prime Baconer Pigs.— (121/180) 7d. Lamb. —Market decidedly firmer with better prices; demand continues good. Mutton Market.—Wethers steadier with better demand. Ewes, market is quiet and steady. Beef. —Market is depressed owing to heavy arrivals from Argentine. , New Zealand Porker Pigs.—Trade slow owing to unsuitable weather. New Zealand Baconer Pigs.—Nominal prices. LONDON WOOL SALES. National Mortgage and Agency Co. of New Zealand Limited report having received the following cable from their

London office in reference to a series of sales which have just closed. The auctions closed here to-day firm, with a good tone, buyers operating freely. Compared with the opening rates, we quote:—Greasy merino (best) ?d dearer; greasy merino (average), 2d dearer; greasy i-breds 50/56’s, no change; greasy x-breds 48/50’s, id dearer; greasy x-breds 46/48’s, id dearer; greasy x-breds 44/46’s, id dearer; greasy x-breds 40'44’s, jd dearer; g.’easy x-breds 36/40’s, id dearer; scoured merinos and x-breds, no change; slipe i-bred lamb, slightly easier; slipe sheep, 5 per cent dearer. THE SHAREMARKET. By Telegraph—Press Association. AUCKLAND, June 2. Bales on ’Change.—South British Insurance, 59s sd; Westport Coal, 30s 6d: Colonial Sugar, £4l 7s 6d; City of Auckland (1936), 51 per cent., £97. WELLINGTON, June 2. Sales reported.—New Zealand Government, 4i per cent, stock (1939 and 1938), £9B 15s; Bank of New South Wales, £39 7s 6d; Union Bank of Australia, £ll Tss, £ll 16s; New Zealand Guarantee Corporation (ord.), 7s lOd: South British Insurance, £2 19s 9d, New Zealand Refrigerating (10s paid), ss; British Tobacco (Australia ord.), £2 0s 9d; Waihi, 13s Bd.

CHRISTCHURCH STOCK EXCHANGE. AFTERNOON CALL. (Special to the “Herald.' ) CHRISTCHURCH. June 2 The following stock showed alteration at this afternoon call:Buyers. Seller £ s. d. £ s. d. Govt. Debentures98 17 4i p.c. Inscr., 1938 98 12 6 4£ p.c. Bonds. 1930 99 — 41 p.c. Bonds, 1938 98 15 98 — 5J p.c. Inscr.. 1933 98 10 0 15 51 p.c. Bonds, 1933 99 5 0 99 10 Banks — Aust. of Comm. . 1 5 1 1 13 5 4 Australasia .... 12 7 0 6 11 Do. (pref.) .... National of A/asia. 6 9 0 6 6 15 (£10 paid) . . ■ National of A/asia. 15 6 (£5 paid) .... 7 11 0 National of N.Z. . 39 New South Wales New Zealand (cum 39 0 0 19 2 19 0 2 Union of Aust. . . 11 15 0 11 17 0 Insurance — Standard 2 15 6 3 0 0 Loan and Agency Dalgety and Co. . 11 5 6 11 14 0 Goldsbrough Mort. N.Z. Guarantee 1 13 5 8 0 Corporation . . 0 7 9 0 Frozen Meat— N.Z. Refrigerating 12 0 (£1 paid) . . - 0 11 0 0 N.Z. Refrigerating (10/- paid) . . North Canterbury . 0 5 1 0 5 2 0 Freezing .... 0 0 6 0 3 Woollens — Kaiapoi (7/- paid) 0 4 2 - Coal— Westport 1 10 6 1 10 8 Gas — Auckland 1 4 2 1 5 6 Cnristchurch . . . 1 6 4 1 6 Breweries — Carlton 1 13 4 1 13 11 New Zealand . . . 2 11 4 2 11 11 Staples 2 7 6 2 7 11 1 >ths 1 4 11 5 Ward . 0 12 0 0 13 6 Miscellaneous — Australian Glass (cum div.) . . . Booth, Macdonald 2 1 10 2 3 0 6 (pref.) 0 3 10 0 4 British Tobacco . 2 0 11 2 Colonial Sugar . . Dunlop Pardriau 41 8 0 41 10 0 Rubber .... 0 15 1 0 15 3 Electrolytic Zinc 1 (pref.) “Herald” & “Weekly 1 7 0 7 4 Times” .... 2 2 0 2 4 0 Mount Lyell (cum div.) 1 9 5 1 9 6 N.Z. F a r m e r s’ Co-op. (B pref.) N.Z. F a r m e r s' 2 4 0 2 9 0 Fertiliser .... 1 0 0 i 1 5 Wilson’s Cement *2 (cum div.) . . . 2 5 0 6 0 Mining— ♦ Kildare ...... 0 0 8 0 1 3 okarito 0 2 4 0 2 8 (prem.) Stoney Creek (6d paid) Winding Creek (1/0 0 5 0 0 6 paid) Cornish Point (1/0 0 5 0 0 10 paid) 0 0 9 0 1 0