COMMERCIAL.

Timaru Herald, Volume CXXV, Issue 18630, 28 July 1930, Page 7

COMMERCIAL.

THE LONDON MARKETS. FROZEN MEAT QUOTATIONS. United Press Association—By Electric Telegraph—Copyright LONDON, July 26. The weekly quotations for the undermentioned classes of frozen meat are based on actual sales of 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 481 b to 561 b 42d; 571 b to 641 b. 45d; 651 b to 721 b, 43d. North Island, 481 b to 561 b, 4§d. Ewes 481 b to 641 b, 3d; 651 b to 721 b, 2Sd. Argentine Sheep. First quality, crossbred wethers 481 b to 641 b, 3ld; 65 lb to 721 b, 34d; over 721 b 3d. Patagonian Sheep.—Wethers under 501 b, 3ld; 501 b to 601 b, 3£d. New Zealand Lambs. Canterbury 371 b to 421 b, 82d; 431 b to 501 b, BSd; second quality, average 331 b, 7gd. Other South Island brands 371 b to 421 b, B*d; 431 bto 501 b, 82d. Selected North Island brands 371 b to 421 b, BSd; second quality, average 311 b, 7gd. Other North Island brands, first quality, 371 b to 421 b, Bid; second quality, average 311 b, 7gd. Australian Lambs.—Victorian first quality, 371 b to 421 b, 7d; other States, first quality 371 b to 421 b, 62d. All States, third quality, 6i2d. Argentine Lambs.—First quality, 371 b to 421 b, 63d; 431 b to 501 b 51d. Patagonian Lambs. —First quality, 37 lb to 421 b, 63d. New Zealand Frozen Beef. —Ox fores, 1601 b to 2201 b, 3J,d; ox hinds, 1601 b to 2201 b, sid. Australian Frozen Beef. —Ox crops, under 1001 b, 3*d; over 1001 b, 3id; ox hinds, under 1601 b, 5Ad; over 1601 b, 58d. Argentine Chilled Beef.—Ox fores, 1601 b to 2201 b, 4£d; do. ox hinds, 1601 b to 2201 b, B§d. New Zealand Pigs.—First quality, 60 lb to 1001 b, 7d; do. 1011 b to 1201 b, 6Sd. CHRISTCHURCH STOCK EXCHANGE. SATURDAY’S QUOTATIONS.

(Special to the "Herald.”) CHRISTCHURCH, July 26. The following quotations were current on ’Change to-day:— Buyers Sellers £ s. d. £ s. d. N.Z. Govt. Debentures—

THE DAY’S TRANSACTIONS. Sales on ’Change.—Comm. Bank of Aust. (cum div.), 21/- (two parcels), 21/1; Comm. Bank of Sydney. £2O 2s 6d; National Bank of Australasia (£5 paid), £7; Bank of New South Wales, £36 2s 6d; Westport Coal, 33/6, 33/1 (two parcels); New Zealand Breweries, 49/11; Mount Lyell. 23/11 (two parcels) ; Mount Lyell “rights,” 2/3. Sales Reported.—National Bank of Australasia (£5 paid), £7; Bank of New South Wales, £36 2s 6d; British Tobacco, 37/1, 37/-; Westport Coal, 33/(two parcels), 33/3. THE SHARE MARKET. By Telegraph—Press Association DUNEDIN, July 27. Sales on 'Change—Bank of New Zealand, 55/9; Waihi Grand Junction, 1/10. Sales Reported.—Bank of New Zealand, 55/9.

4i p.c. Inscr, and Bonds, 1938 and 1939 99 10 0 — 5$ p.c. Inscr., 1932 98 0 0 — 5} p.c. Inscr., 1933 98 5 0 — 5i Inscr. and Bonds, 1933 . . 99 12 6 — Other DebenturesDevonport Borough 52 p.c. 1953 . . — 100 0 0 N.Z. Refrig. (6i p.c. 1935) — 95 0 0 Banks— Aust. of Comm . 12 4 12 6 Comm, of Aust. (cum div.) ... 110 112 Do. (pref., cum div.) 6 10 0 — Comm, of Sydney 20 0 0 20 2 6 E.S. and A 5 11 6 5 19 0 Natl of Australasia (£10 paid) ... 14 4 0 — Do. (£5 paid) . . 6 7 0 7 1 0 Natl, of N.Z. . . 5 13 6 5 16 0 New South Wales 36 0 0 36 5 0 New Zealand ... 2 15 7 2 15 8 Union of Aust. (cum div.) ... 11 0 0 11 4 0 Insurance— A.P.A 0 5 3 — Mercantile Mutual — 15 0 New Zealand (cum div.) — 2 5 9 Standard 2186 3 0 0 Loan and Agency— Goldsbrough, Mort 17 4 18 0 Dalgety and Co. . 10 0 0 — N.Z. Guarantee Corp 0 7 9 0 8 0 Permanent Investment 10 0 0 10 6 0 United Building Soc 0 15 3 — Wright. Stephenson (ord.) — 12 0 Do. (pref.) .... — 0 15 10 Frozen Meat— N.Z. Refrigerating (£1 paid) ... 0 10 0 0 1 3 Do. (10/- paid) 0 4 3 0 4 9 North Canterbury Freezing .... — 029 Woollens— Kaiapoi (17/paid) — 0 12 6 Do. (7/- paid) , 0 4 0 — Coal— Grey Valley ... 133 150 Westport 1 13 0 — Stockton (pref.) . 2 4 0 — Gas— Christchurch .... 157 1 5 11 Christchurch (10/paid) — 0 13 0 Breweries— Fosters 1 10 0 3 0 0 New Zealand .... 2 9 9 2 9 11 Staples 2 4 3 2 5 0 Timaru (5/- pd.) 0 6 2 — Tooths 17 10 183 Ward — 0 12 0 White Star .... — 0 14 0 Miscellaneous— A m algamated Wireless (cont.) — 10 6 Beath & Co — 19 9 Beath and Co. (1/paid) 0 6 0 0 7 0 British Tobacco • 1 17 1 1 17 c Burns, Philp .... — 1 15 C Colonial Sugar .. — 37 0 0 Dunlop Perdriau Rubber 0 13 4 0 13 7 Electrolytic Zinc (ord. cum. div.) 10 3 10 7 Ditto (pref., cum. div) .... 138 1 4 C Henry Jones Co.-op — 18 6 Holden’s Motors .. 0 5 0 0 10 0 Kauri Timber . . — 0 13 9 Mount Lyell .... 1311 140 Ditto (“rights”) .. 0 2 2 0 2 4 N.Z. Drug Co 3 3 0 — N.Z. Farmers’ Co.-op. (10/paid) 0 0 9 N.Z. Farmers Co.-op. (A pref) — 2 5 C Co-op. (B pref.) — 2 1° N.Z. Farmers Co-op. (6£ pc. Stock, 1939) . . — 83 0 C

N.Z. F a r m e r s’ Co-op. (6£ p.c. Stock, 1940) .. _ 86 0 0 N.Z. F a r m e r s’ Fertiliser (cum. div.) 0 19 9 1 1 0 North Canterbury Co.-op. Flour .. 0 12 6 0 15 0 Quill, Morris .. . Victoria N y a n z a — 0 14 0 Sugar (c u m. div.) 1 15 0 1 19 0 Whitcombe and Tombs 3 7 6 3 9 6 Wilson’s Cement .. 2 0 0 2 2 6 Mining— Alexander 0 14 9 Kawarau 0 0 2 0 0 8 Mahakipawa . . . 0 0 li 0 0 2 Okarito Stoney Creek (6d 0 6 7 0 7 3 paid) — 0 0 5* Waihi Winding Creek (1/0 13 6 paid) Winding Creek (6d 0 0 3 0 0 6 paid) Cornish Point (1/- — 0 0 2 paid) 0 0 6 0 0 9