COMMERCIAL.

Star (Christchurch), Issue 17029, 1 May 1923, Page 8

COMMERCIAL.

BRITISH TRADE. HIGH COMMISSIONER'S REPORT. The Department of Agriculture has re oeived the following cablegram, dated April 28, from the High Commissioner for Now Zealand, London:MEAT. The downward movement in prices of mutton v nd lamb continues. More moderate supplies of chilled beef are now on hand, but large arrivals are due next, week. New Zealand froxen beef is not quoted. Xew Zealand Mutton—49 to 561bs Bjd. 57 to 6libs 7id to 7*d, 65 to 721bs 6*d, 73 to #Ol us sd. twes—Nominal, under GJlbi old. rsew Zealand Lamb—Canterbury 28 tj 3o and 37 to 421bs llgd. 42 to 50lbs lid. second .class iod, North Island best ICSd. second class 9Jd. plf.Y, Zealand Beef—Not quoted. Chilled Beet—Force 3d to Sid, hind, sd. BUTTER. JfepreMion continues and further deCline has taken place in prices. Zealand—(Salted). Finest 136 a u> Is 'irt P * owt - <l* Md. Is Sid to Is „4d a lb). (Cl,salted) 154 sto 1608 a tZl' . i.fi' 1 to ls sid » lh.) Other quali2Sd ’ a lb 6 )* 1325 to 1366 3 cwt (Is -2id to ls la A 2fd n a in w. l26S ’° 136 S * ow »- «" ’id to « cwf r^!ia^(Salted) - F ’ rp «t. 334? to IGSs 2 * d to 13 98.-1 a lb), {unsalted) Orhpr CWt ‘ (1? 3id to ls 3id a lb), a a ! ; ph t \® « ' ,sa - ]f od > 120 sto 132 s a c-wt. l ir- , '' d to * la 2 * d a lb), (unsalted). 122 sto 13fe a- cwt, (Is Id to 1 s 2J«2 a lb). S^aThT 156 *° 160 3 ' IS «* t 0 15 CHEESE. r {° ,Tnpro yf ,ll€nt in the market ana pr,ces> have declined. {93d e^\ Z f^ nd 'TS olbure3 no? to 06s a I ,?*. d a . Ibb exceptional 98» a cwt. a lb), white 80s to 96s a rvt (oaa to 10id a lb). to^, U * tra3 ! k F D - Coloured S6b to 90s a cw, (9Jfl to 9£d it. lh). ri i^>J' i l\ T> - WenT °* ew Zen Is nfj produce arApril 1 T 'cn B n?isted S, o r f a '!l" 0 ' r T„ , x eV’’, 1 f l tu\“ ter and 5116 crates of cheese. HEMP. arid! af?"r Ia "‘f rket » Meadtar. ".T " |.“" e n teaching £32 15s for AprilJune shipments, sold up to fas ir a • | r * d * ApriWimo shipments is now nu. ted l b « New Zealand market continues to be dull. Sellers quote spot Highpomts at £B2 lOg. Fair afloat p C quoted at £Bl but no business is reported WOOL. The sale continues satisfactorilv *rit n a •troug demand and firm tone. FRUIT. 300,000 cases of Australian fruit arrived Wit % eP J’ " h . ile lherp ™ also a large Ply of American fruit still ayailabe. The has fuly discharged. Home of r l f u \ t 16 only in ‘nodcraie condition and. broker? are finding difficult- in disposing: of dessert sorts. Prices are low. cox s Orange are fetching 8s to -IQi a case. Only a few cases of other varieties have been sold but the balance is expected to realise from 9s to 10* a case. Bayers' hesitation is no doubt caused ov by the poor out-turn of Remuera- shipment. Australian apples ar»- bringing bom 4s 6d to Tn 64 a case; American similar price?. Business is very slow generally.

STOCK EXCHANGES.

CHRISTCHURCH. Closing quotations are:—

Bank of N'ev South Wales £3B: N.Z. Government 4* p.c. Bonds 1939 £97 12s Bd. Sale on 'Change:— Bank of New South Wales £3= K-p—B. A.W. R. A. 16*: Benk of New Zealand £3 0? Gd: Canterbury Frozen Meat £ls 16«.

Buyer*. bailors. DEBENTURES— N.Z. UOVT. STOCK— ■i.i p.c. in&cribeu, 1988 97 3 e 97 16 0 p.c. Bonds. 1938 . 97 10 0 97 12 6 ia P.c. Honan, rajj . jj y e 97 16 u 4£ p.c. Bonds, 1911 . 37 12 U °S P-c. Inscribed, 1933 101 5 0 oj p.c. Bonds, 1983 .101 6 0 Gisborne Streep, 7* p.c., 1931 . . . 100 10 0 BANKS— Australasia . . 13 10 0 m 15 0 Comm. of Australia (4 per cent cum National of N.Z. . fj 12 6 6 15 0 New South Wales . 38 7 6 38 10 0 New Zealand . -303 800 Royal Uil paid), cum div 6 12 6 6 17 A Union cf Australia . 14 8 0 It 3 0 P. and O. Bank . 18 5 0 INSURANCE— National . . 3 19 6 4 2 0 South British (ex. div > • • 1 17 3 1 16 3 LOAN AND AGENCY— Dalgety and Co. (cum. div.) 12 19 0 GoldBbrough Mort. . 2 6 6 2 6 11 N.Z. Loan and Merc. (ord. etockj . S5 0 0 Permanent Invest. . 9 2 6 SHIPPING— Howard Smith . 2 13 6 Huddarfc-Parker . 2 2 6 2 3 3 P. and O. Deferred Stock (cum. div.) . 350 0 0 Union (54 pfcc. cum. pref). . .10 0 FROZEN MEAT— Canterbury 15 16 0 16 0 0 N.Z. Refrigerating: (£1 paid) .15 3 17 0 do. (10s paid) 13 3 13 7 Wellington (£3 12b 6d paid) . . 3 r. 0 COALFanpiri . 1 J 6 Westport . 1 19 0 1 19 0 WOOLLENS— Kaiapoi (£1 i>aid . 12 9 1 3 " do. (10s paid) . 11 3 GAS— Christchurch . . 7 19 0 8 2 6 BREWERIES— Crown . . .. 2 3 3 2 5 0 Manning (cum. div.) 4 7 6 4 15 Ward .... 1 16 6 TIMBER— Kauri . .17 0 MISCELLANEOUS— Death and Co. . 1 10 0 British Tobacco qAust.) . . 21 6 2 3 0 Burns. Philp . . 1 15 6 1 16 0 Colonial Sugar . 47 0 0 D.T.C. (7s 6d paid) . 9 3 do. (6 p.c. cum. pref) (ex. div) .10 0 Maacn Struthers (£1 paid) . .13 6 do. <14s paid) . 15 6 N.Z. Farmers' Co-op. (£5 paid) . 3 0 0 N.Z. Farmers’ Co-op. (£2 paid) . . 14 0 N.Z. Farmers' Co-op. 1926 7% per cent bonds . . . . 98 0 0 N.Z. Sugar of Milk . I 12 0 Shari and and Co .110 B.A.W.Tt.A. . 0 16 0 MINING— Mt. Lyell .13 3 Waibi (cum. div.) . 16 9