COMMERCIAL.

Star (Christchurch), Issue 19986, 29 June 1920, Page 8

COMMERCIAL.

RANCIORA MARKET.

There was a largo attendance at the R«ngiora, market 10-nay, Tho yarding comprised 83 fat lambs, 2-ii) ewes, I© wethers about 1000 store sheep, 24 head of cattlo and 12) pigs. The -sale of fats as far a? prices were concerned were the best of tho season. Extra prime lambs sold at .‘os 1,.. Ws, medium weight 2Ss 2d to 283 7d Sight 803 9d; orimo ewes ?8s Id to 39s Od. medium weight 29a to 335, light 20s -Id to 28s. Prime wethers £(is to E7s lid. others 30s to 35s The storo rhoop and cattle sold at full u:avi;ut prices. Pige-Baconen. £-. to £S 12s; perkew 14 los to £5 iOs; &mnll piga i7s to 35& ENGLISH MARKETS. Telcgrapn—Press Association—Copyright Australian and N.Z. Cable Association. (Received June 29. 9.30 u.m.) Tl , . • LONDON. .711110 23. .rnM i mo P c 5“ m “ rkct has been active with loans for the approaching end of (he , " J;«ar. quietness has been the week's fcarT.nn botll - tho luono >' mid the slock mnrT *■’f mam cause has been political, especially .lie situation in Ireland, ami also the uncertainly as regards the liual reparation settlement with Germany. A disturbhry loc.or has ocon the issue oi the price of the Now .South Wales loan. Improvements in aomo of the continental cxcliaugei is not optimistically, being regarded less i.s the result of domestic and financial improvement, than as tho nearer prospect of tiermany paying au instalment of tho indemnity. CANCELLED ORDERS. A feature of the prevailing financial stringency. and tho slackening 01 the- tgicle boo.iu, has been the vast number of cancelled order-' especially in the wool trade, which is I'isi.'issieg the advisability of compiling a flulist of customers who cancel their orders without a good reason. Nevertheless, reports from the north and the Midlands indicate that current contracts will enable factories to work at their fullest pressure, assisted by a period of remarkable freedom from industrial disputes. WAGES AND PROFITS. An impression prevails that wages and profits have both about reached the highest water mark. At the same lime the public is spending ic.ss freely, and a period of private economy appears to have set in strongly. THE WOOL TRADE. • The pessimistic outlet in the woo! trade continues. The trade anxiously awaits the opening of the noxt London series on July a., PRODUCE MARKET, The produce market has been dull fof some time. The dullness has been more pronounced during the past week, the mailt cause being the liuctuatiou of silver and exchange?. also the slump in expelt demand. Prices with few exception? have declined. TALLOW. Practically nothing is doing in fallow. Quotations of ail de.-.criplions are lower. FREIGHT MARKET. The freight market i? very unsettled, charters becoming more difficult to obtain with an im.TCS.?ing tonnage and a decreasing demand. Homeward Heights are tending downward?. REDUCTION IN PRICE OF MUTTON. Tho reduction : 1 the price of mutton has brought about a satisfactory clearance. There is now storage capacity for iOO.OCO carcases. STOCK EXCHANGES. CHRISTCHURCH. Following are the latest quotations:— Buyers. Sellers £sd £ » d DEBENTURESN.Z. Government 43 per. cent Inscribed, 1938 ... 90 6 I) N.Z, Government 4$ per cent Ronds, 1038 .... 96 3 0 N.Z. Government 5 per . ent Bonds, J927 . . . 97 0 0 99 9 0 BANKS— Commercial of Australia (4 per cent cum pref.) . . 70 0 New Zealand (fully paid) . . -0 5 0 Roval Bank of Australia .... 1 13 0 LOAN AND AGENCYGoldehrough ■ Mint. (Melb ) cum div. . 2 0 5 HUPPIN'O- - . . 213 6 IN mul O. deferred Slock . . • -100 0 0 FROZEN MEAT— Canterbury (ex div.) . ‘ IS 12 C N.Z. Refrigerating (£1 paidj, cum. d;v. . 2 S 0 230 0 N.Z. Reirigerating (ICs paid), cum div. .19 5 1 G 3 North Caul. FTccaing • 400 WOOLLENS— Wellington . . 017 0 MIS CELLAN EO U S Death an.t Co. fold) . 1 16 0 Dooih, .Macdonald . 10 0 Booth, Macdonald (5 per cent cum pref.) 019 0 10 0 Cant. Farmers' Co-op, (Timaru) . . . 216 0 Cant. Publishing Co. 019 0 D. . . 016 6 Henry Jones Co-op, ‘ (Melbourne) . .240 Mason. Strothers (£1 paid) . . . 110 G N.Z. Fanners' Co-op. , (£2 paid) . . .286 210 0 N.Z. Sugar of Milk . 2-2 6 United Pictures , 10 0 MINING— Talisman ... 089 OTHER EXCHANGES. [Per Press Association,] AUCKLAND. Juno 29 Sates on Change—Wilson’s Cement 15s lOd; Commercial Bank (pref.), £6 17s 6d WELLINGTON, June 29 Sale on 'Change—Union Bank,’.l;i3 14s