COMMERCIAL.

Star (Christchurch), Issue 17012, 10 April 1923, Page 8

COMMERCIAL.

STOCK EXCHANGES. CHRIgTOHURCH. The following are to-day’s quotations:—

Sales Reported :—N.Z. Refrigerating flOs paid). 13s 9d: N.Z. Government oi per cent Inscribed, 1933. £IOO 30s. Sales on 'Change:—New Zealand Insurance, £1 8s 6d; Ward and Co. Brewery, £1 BRITISH TRADE. HIGH COMMISSIONER'S REPORT. The Department of Agriculture has received the following cablegram, dated April 7, from the High Commissioner for New Zealand, London:— MEAT. The market is affected by heavy supplies of cheap chilled beef. The best New Z< aland lamb meets with steady demand, but secondary descriptions are very slow I owing to large quantity of Australian on hand. There is a steady demand at firm prices for prime mutton unlder 561 b, but a decidedly weaker tone for heavier descriptions; over 64ib particularly are slow. There is no demand for ewes except the best light-weight. Large supplies of 80ib River Plate wethers offered in the market and selling at about 5d a lb. New Zealand frozen beef nominally unchanged. New Zealand 'Mutton.—Under 561 b 9d to 9sd : 56-641 b Bifl to S|d; 64-721 b 7d; over 721 b 53d to 6d. New Zealand hamh.—Best quality 3s. occasionally Is (>id : second class lOd; North Island, ordinary 13 d. New Zealand Beef.--Ox fores 3|d; ox , hinds sd. Chilled Beef.—Fores aid to 2id; hinds \ 4Jri to 5Ad. English retail prices are a.s follows:

RUTTER. The market, is depressed and prices are I irregular. New Zealand (salted), finest 170 s to 176 s I a cwt (Is 6*d to Is 6|d a lb); unsalted | 184 s to 186=1 cwt (Is Tjd to Is Sd a lb); other qualities 16Ss to 170 s a cwt (is 6d to Is Sid a lb). Australian (salted) finest.—ls6s to 172 s a cwt (Is 53d to Is 6id a lb); unsalted I 170 s to 176 s up to 1S0« a cwt (3s e*d to • Is 6?d to Is 7id a lb): other qualities salted 150 s to 164 s a cwt (is td to Is sjd a lb); up suited 156 s to 169 s a cwt (1s 43d to Is 6d a lb). Argentine.—ls6s to 370 s a cwt (Is 4Jd to Is 6id a lb). Danish.—lß2s to lS6s a cwt (Is 7*d to 1? 8d a lb). CHEESE. The market is quiet. Spot prices are ; firm. New Zealand.. Coloured 138 s to 144 s a 1 cwt (Is 2jd to Is Gad a lb); white 135 s to 138 s a cwt (Is 2id to )« 22d a lb). Australian.—Coloured 182 e to 140= a. cwt (Is 2id to 1? 3d a lb); white 132 s to 134 s a cwt <ls -2id a lb). The steamers Port Hunter. Maimoa. ann ; Arawa, are at present discharging cargoes of New Zealand produce, while the s.s. Remuera lias also arrived. Australian shipments from March 10 to March 23. include 85.989 boxes of butter. Estimated cheese stocks on April 3 at London. Liverpool and Bristol were:—Canadian 6.700 boxe< against 43.500 New Zealand and Australian 13,590 ♦•rates against 74,330 for same time last year. HEMPThe Manilla market, is dull and prices are l«wer. " G " grade April-Tune shipments are quoted at. £36 los a ton. " -T grade is quoted at £34 per ton. The output from •Tap nary 1 to March 31 totalled 373,000 bales against 278,000 for same period last year. Stock* in Manilla at the end of March were i23.onn against 239.000 bales for same time last year. Stocks in T.ondon and Liverpool total 5479 bales against 17.485 last year. The New Zealand market is easier in sympathy with Manilla. Nominal values spot Highpoints April-June shipments are £35 and Fair £3l 10s a ton. WOOL The Bradford market has a firm tone. There is a fair business in low aud medium.

eross-bred. Quotations for tops are unchanged. PEAS. The demand is limited and buyers are ?iowlv*a? a £*' Tasmanian spot is selling -of, 1 , 8 6d - a quarter. New Zealand values are /6s to ?Os. Japanese sup- , ple 2 tl £ , L at 29(1 6d a c-wt. Maple, iNew Zealand February-March shipment# were offered at 7ls a quarter, afloat, sellers 72s 6d. buyers 70s. Tasmanian MarchApril shipments were offered at S2s 6d, buyers 80s, 6pot values 110 s to 115 s. BEANS. Fair supplies of English beans are still obtainable. New Zealand nominal va-lnes are 50s to 52s per quarter. FRUIT. The market is slow after the holiday*. » tocks of C-anadian and American a.re tradian and m ° re interest iB taken in AusOregon Newton apples lOs 6d to 12s 6d a case; Stay man's Winesap 8s 6d to 12s: Australian Cox's Orange 8s to 30s; Australian Jonathan lls to 15s; Australian Munro 12s to 17s; Australian Cleopatra 10s t 0 16s; Australian Ribston Pippin 10s to 14». \ictoriau fruit is all more or less pitted. EGGS. The market is quiet. English supplies are plentiful. English, 12s; Irish. French. Dutoh, ish. Italian lls to 14s 6d: Styrian. Brittany, Moroccan, Egyptian 8e 6d to 10a 3d. OTHER EXCHANGES. (Pier Press Association.) DUNEDIN. April 10. Sales on Change—South British Insurance, £1 18s; Huddart-Parker, £2 Is 6d and £2 Is 3d; Union Ship (pref.), £1; New Zealand Paper Mills (new issue), £i sa. AUCKLAND. April 10. Sales reported—Union Bank of Australia. £l4 16s; Huddart-Parker, £2 Is 6d; Milne and Choyce (debentures). £i 3«. Sales on 'Change—Waihi. £i 5a 6d an/ £1 ss. RANGIORA MARKET. The yarding of eheep at the Rangiorr market to-day was comprised of 1229 fai lambs, 358 fat ewes and wethers, an* about 1200 stores. The fat lambs wer< easier in price, the sales made being equal to 9jd per lb. Prime lots made 28s to 29s 6d, medium weights 26s lOd to to 27s 9d. light 24s lOd to 26s 3d. Ewes ranged from 15s to 23s 6d, and wethers 27s to 33s .6d.

Buyer*. 8ellers. £ d. £ d. N.Z. GOVT. STOCK44 p.o. Inscribed. 1938 97 2 6 97 7 6 44 p.c. Bonds, 1938 - 2 & 5 p.o. Inscribed, 1927 97 0 97 15 5 p.o. Bonds, 1927 0 54 p.c Inscribed, 198S BANKS— 100 7 6 100 19 0 Australasia 13 6 Com- of Australia 1 18 National of N.Z. 6 9 0 Now South Wales 37 15 0 37 17 6 New Zealand 2 16 9 2 17 3 Royal (£4 paid) 12 6 Union of Australia . 3 NIBTTRANCE— 14 6 0 14 7 0 New Zealand . 1 6 1 9 South British SHIPPING— 1 17 3 1 18 6 ttowarfi Smith . 2 11 6 Hiiiltjart-Parker Huddart-Parker (6 2 1 9 2 2 3 pet dent cum pref.) P. and O. Deferred 0 19 6 Btock 305 0 0 XThion (54 per cent bum pref.) FROZEN MEAT— 0 19 11 17 Canterbury N.JJ. Refrigerating 15 10 0 15 6 (10s paid) 0 18 11 COAL— Tati pi ri 1 3 1 1 0 GAB— Christchurch . BREWERIES— 7 18 0 7 19 0 Grown 1 6 2 2 0 Manuinr 4 15 0 Ward .... CEMENTS— 1 17 0 Wilson's N.Z. Port1 4 1 9 MI8CELLANEOTJ8 — Burns. Philr 1 13 * 1 14 3 N.Z. Farmers' Oo-op. 19-26 71 per cent Bonds 9€ o 0 N.Z. Paper Mills 1 0 Papuan Products Sbarland and Co. 1 1 6 ° 1 0 United Piettires . Electrolytic Zinc 1 6 0 (rights) Electrolytic Zinc (1 11 3 0 11 9 11 1 12 0 MINING— Mt, Lyell LOAN AND AGENCY— 1 9 Daljrety and Co. 0 ColdBbrougli, llort- . 4 3 2 0 0

Mutton Legs I.oins Shoulders s. d. s. d. s. d. English . 17 1 10 13 Imported 10 10 9 l.amh— English . 2 6 2 6 2 6 Imported - 14 13 13 Ribs Sirloin Steak s. d. «. d. o. d. Beef—> English 19 1 30 2 7 Imported chilled 10 10 18 Imported X.Z. 10 11 14