COMMERCIAL.

Star (Christchurch), Issue 18469, 22 May 1928, Page 4

COMMERCIAL.

PRICES MAINTAINED AT LONDON SALES.

NEW ZEALAND CLIPS FETCH GOOD FIGURE

(United Press Assn. —By Electric Telegraph.—Copyright.) (Received May 22, 11 a.m.) LONDON. May 21

At the wool sales. 9276 bales were offered. of which 2463 were Australian and 3095 New Zealand. Tt was an average selection, mostly of re-offered wools. In all classes there was % good general competition, and prices were unchanged. New clips sold as follows: —New Zealand, “Pare,” 22d (top), 17id (average): “Hakataraqiea." 27d and 26d; “Surprise Downs,” 24 Id and 19*d per

The Bradford market shows a slightly better tone, due to firmness in London, but business is still limietd.—Australian Press Association. STOCK EXCHANGES.

on -9- ans:e ‘ —Commercial Bank of Sydney, £27; Ooldsbrough, Mort, 51» (two parcels) ; Howard Smith, 28s sd. Sales reported—Commercial Bank of 29s 4d.

CANADA SUFFERS TRADE REVERSAL. (United Asart*.—By Electric Telegraph.—Copyright.) (Received May 22, 10.30 a.m.) OTTAWA. May 21. Canada’s trade for the twelve months ended April 30 lias suffered a serious reversal of form compared with the previous year, being a total subtraction from V 1? former favourable balance of 131 ( ,2 ijO.OOO dollars. Imports increased 75,750,000 dollars, and exports decreased 50,500,000 dollars.—Australian Press WHEAT. (Received Mav 22. 1 l 30 am) . NEW YORK, May 21. Chicago wheat quotations are- May 14TJ cents a bushel; July, 14S8' cents; September, 3 49J cents. MEAT PRICES. New Zealand Meat Producers’ Board has received the following eablefF am * r t o ™ Rs London office, dated Jlny 10, advising Smithfleld delivery prices averaged for the week ending that date, as follows: New Zealand—Wethers and maidens, Canterbury quality, selected brands. 561 b find under 6Jd: other brands. 561 b and und6r 7d, 57-641 b 6id, 65-721 b 6}d; ewes, 641 h and under sgd: lambs, Canterbury quality, 361 b and under lOd, 37-4211. 9jd, -13-501 b 93d, seconds 9Jd; selected brands, 361 b and under lOd. 37-4 Ab 9Jd; other brands, first quality, 361 b and under o|d, 37-421 b 9£d; second quality, 30-321 b average, Old.

Argentine Lambs—First quality, 3611> and under SJd. 37-421 b 7Sd. New Zealand Beef—Ox fores 3*d, ox hinds 5Jd, cow fores 31d. cow binds 4*d. Argentine Chilled Beef—Ox fores 4J«I. ox hinds 7d. Frozen beef—Ox .fores 41d, ox hinds not quoted. Frozen Pork—Porkers, 60-Solb 7id, Rl-991b 63d, 100-1201 b 63d; baconers, 121 -1801 b 7d. Lamb Market —Aery firm. H«a\ywelgh'ts are meeting with better inquiry. Mutton Market —Firm, with good demand. Home-killed still remains scarce. Beef Market —There is a good demand owing to lesser supplies of Argentino chilled beef. „ , • . . _ New Zealand Porkei* Pigs—Better trade owing to colder weather. New Zealand Baconer Pigs—Better inquiry owing to improvement m bacon LONDON MARXISTS. The Department of Agriculture has received the following cablegram, dated May 19. from the High Commissioner for New Zealand, London:— APPLES. Apples ex Cornwall and Rotorua are on the market. Condition fairly satisfactory. Port Hunter has commenced to discharge, and condition very good as yet. Trade brisker, but owing to large quantities of Australian and New Zealand prices are a little easier. Prices:—Cox’s Orange 10s to Ins release: Jonathan, Delicious, Dunn s Favourite. Pearmain and Ballnrat Seedling, 10s to 12s per case: Cleotfatra and Statesman, 12s and 14s per case. 7 PEARS. Ex Cornwall, mainly sound and backward. Fair demand. :—-.l osephine 4s to 6s pel* tray: Winter Nells. ~h to 5s per tray; P. Barry, Packliam, Winter Cole, 3s to 3s Gd per tray. , WOOL. Sales continue to be well attended, and competition brisk at same rates. TALLOW. There was no auction, and the market is unchanged. The Manila market easier again during this week, but stesfaier at the close, j grade quoted May-July shipment selier The s 3 isai market is dull, and values unchanged. „ . , New Zealand —Small business reported In high-points, but otherwise market very dull. Nominal values—high-points £3l, fair £2B ss, common £27 15s, May— July shipment. Stocks in London on April 30* sixty-six tons, against flftythree tons same time last year.

CHRISTCHURCI I. Following- are to-day’s qu ota ion Sellers. J d. a. d. X.Z. GOVT. STOCK97 4i p.c. Tnscr., 1938 15 4£ p.c. Inscr., 1939 and Bonds, 1938 97 1 - 0 4J p.c. Bonds. 1930 51 p.c. Bonds. 1933 98 100 l ° 0 100 10 0 OTHER DEBENTURES Wellington HarChristchurch P ' C ” 98 0 n Ashburton Elec]’934 . . * 100 0 0 (bonds) .... 1 3 0 1 4 0 X.Z. Milk Products, S p.c:, BANKS— . 0 1 1 Aust. of Commerce 1 15 Comm, of Aust. . 1 9 - u 7 3 6 7 7 n Comm, of Sydney 26 0 E.S. and A u tralasia (£10 paid, cum div.) Xational of Aus; 18 6 6 IS S 0 paid, cum div.) 9 Xational of X.Z. .. 7 - 0 * 4 0 4 S 2 6 48 7 r» New Zealand .... New Zealand (mort. shares, £1 paid) Now Zealand (mort. shares (10s paid) .... Queensland Xa1 1 C 1 : s 0 8 19 0 14 IS 0 TJnion of Aust. . . (new, 5s paid) Comm. of Aust.* 0 13 6 0 13 n (new. fully paid] s S 10 INSURANCE— 15 S 0 15 7 New Zealand .... 2 1 8 South British .... Standard 3 0 0 6 6 0 LOAN AND AGENCYGoldsbrough, Mort' 2 1 0 11 1 2 1L Xational Mortgage 15 4 0 0 X.Z. Loan and Merc. (ord. stk.. cum div.) 1 1 0 0 0 SHIPPING Howard Smith . . Huddart - Parker Hud dart - Parker 1 * • 2 8 9 (pref.) Northern Steam 1 0 6 (fully paid) FROZEN MEAT— X.Z. Refrigerating0 X.Z. Refrigerating COAL— 1 Westport (cum 1 0 1 10 f X Stockton (pref.) 3 Stoekton (ord.) GAS— 0 “ 10 Ashburton .... f 5 12 t» Christchurch (10s ** 10 0 11 0 BREWERIES— Monteith’s .... 1 9 3 New Zealand .... 16 15 17 Swan 3 0 :t 0 NI rSCEL LANEOUSAllied Motors . . Beath and Co. Beath and Co. 1 12 i. 13 0 British Tobacco . 2 3 3 2 3 o 0 Burns, Philp .... Burns, Philp (South Sea) 1 0 1 9 Colonial Sugar . . GO 60 Dunlop Rubber . . Electrolytic Zinc 1 5 0 0 (ord.) Electrolytic Zinc 1 10 ;5 1 11 0 (pref.) 3 Henry Jones Coop. (cum div.) is Holden s Motors Mason. Struthers 1 10 1 11 0 (£1 paid) Mason, Struthers (14s pjud) .... 0 13 5 (10s paid) .... 0 q N.Z. Drug Co. . . N.Z. Farmers’ Co3 9 2 3 8 op. (pref., re. . „ . 1 10 0 op. (B pref.) . . N.Z. Farmers’ Co1 10 0 stock, 1930) 1 . . SI 0 0 S5 0 0 (6J p.c. stock, N.Z. Farmers’ Fertiliser (cum div.) N.Z. Guarantee 4 10 0 4 15 0 Corporation . . o 8 6 0 S 8 Perdriau Rubber q j 14 Quill, Morris .... Victoria Nyanza Whitcombe and 2 7 0 11 0 MINING— Mahakipawa. Mount Lyell (cum 0 1 S Waihi 0 11 3