COMMERCIAL.

Star (Christchurch), Issue 18788, 18 June 1929, Page 11

COMMERCIAL.

HIGH COMMISSIONER’S REPORT. (Special to the “ Star.”) WELLINGTON, June IT. The Department of Agriculture has received the following cablegram, dated June 15, from the High Commissioner, London:—

Tallow.—The spot market continues very quiet, but there is more inquiry for shipments. Only a small demand at auction, and priefes were lower. Present quotations for spot are: Mutton, fine 41s 6d, fair to good 38s to 40s, dark to dull 35s 6d to 365. Beef, sweet and (or) mixed 39s to 435, fair to good 37s to 395, dark to dull 35s to 365. Mixed, fair to good 36s 6d to 38s 6d, dark to dull 35s to 35s 6d. Gut, etc., 34s to 35s 6d per cwt.

Hemp.—The Manila market is quiet. Values at close were unchanged. Stocks in England on May 31 were 8500 bales, agairtst 21,580 last year. The Sisal market is quiet, with very little business doing. Nominal closing values. For June,-August shipments Tanganyika No. 1 is quoted at £3B buyers, £3S 10s sellers. In Mexican there is still nothing offering here and nominal values are unchanged. New Zealand, nothing to report. Market dull. Nominal comparative values for high points £33 10s, fair £3l, common £29 10s, rejected £27 15s; tow, second grade £2l, third grade £l7 10s.

Wool.—At Bradford, the market is quiet. Merino and fine cross-bred tops are more or less neglected, but moderate business has been done in medium and coarse cross-bred. Present quotations for tops are: 64’s warp 3s sd, average 3s 4d, 56’s 2s 61d per lb, 50’s prepared 2s 2d to 2s 3d per lb, 40’s prepared Is lOd per lb. Fruit.—Stocks of New Zealand have been fairly well cleared, but Jonathan, particularly large size, are very troublesome owing to rapid deterioration. The Southampton portion of the s.s. Rangitiki shipment is arriving on the market this morning. So far the Sturmer, Statesman arid Dougherty are in sound condition, and should meet a good demand, probably at opening prices from 15s to 17s 6d. Delicious and Rome Beauty fully ripened and show waste. No pears are here yet and will report fully next week.

TINWALE STOCK SALE. Per Press Association. ASHBURTON, June 18. The weekly stock sale at the Tinwald saleyards to-day was well attended and Prices showed little difference compared with the previous sale at Ashburton. Fat ewes, which comprised the bulk of the yai’ding, contained many pens of light sorts. Although a few pens of particularly prime stuff good prices, a few lines were passed, while several were sold subject to vendor’s consent. The best ewes during the morning part of the sale were offered on account of Mr K. Cameron and realised 26s Id for eight, 24s 6d for eight, and 23s 4d for six. Values up to noon were:— Fat Ewes—Eight at 24s 6d, 1 at 32s 4d, 13 at 22s lOd, 12 at 12s 7d, 12 at l<s 7d, 2 at 22s 4d, 12 at 18s lOd, 13 at 18s 10d, 20 at 20s lOd, 11 at 18s Id, 10 at 14s lOd, 10 at 20s 1 Od, 11 at 20s Id, a at 22s 4d » 15 at 22s 4d, o 23s 2 d ’ Bat 17s 2d - 18 at 14s 7d, 2 at 30s, b at 23s 4d, 5 at 20s lOd 6 at 23s 7d, 6 at 22s 6d. , Y e ™ ,ei ' s rr Two „ at 25s 3d . lat Itk 4d at 90s ’ 15 at 32s - 2at a2a - 10 at 10d at Lambs —° ne at 143 <d - 11 a 4 32s STOCK EXCHANGE. CHRISTCHURCH.

Sales on 'Change—Aust. Bank of Commerce, 36s 7d (four parcels); Comm. Bank oi' Aust., 30s 2d; National Insurance 16s 4d (four parcels); Goldsbrough Tvrort (cum div.), 50s 4d; New* Zealand Breweries, 75s (two parcels), 75s 3d; British Tobacco (cum div.), 495; Mahakipawa, 8d; Winding Creek (6d paid). Is 3Jd, Is 4d (three parcels).

Following are to-day’s quotationsBuyers. Sellers. N-Z. GOVT. DEBENTt/ftES--4* P-c. Inscr., 1938 99 15 0 p.c. Inscr., 1939 99 15 0 la- P.c. Bonds, 1938 99 15 0 o-i P.c. Inscr., 1911 99 12 6 oi p.c. Inscr., 1933 99 10 0 oh p.c. Inscr., 1933 101 2 6 03 p.c. Bonds, 1933 101 2 6 oh P.c. Inscr., 1936 101 7 6 Oh p.c. Bonds, 1936 101 7 6 OTHER DEBENTURES N.Z. Breweries (In100 99 101 0 15 10 0 0 0 N.Z. Breweries * Glaxo 6j per cent, 1945 91 10 1 1 U u BANKS— u Aust. of Commerce Australasia Comm, of Aust. . . Comm. of Aust. 16 10 6 1 14 1 16 15 10 7 0 2 Comm. of Aust. (new contr.) . . Comm, of Sydney E., S. and A Natl. of A’asia (£10 paid) .... Nati. of 1 A’asia (£5 paid) Natl, of New Zea0 19 9 18 9 8 10 6 6 0 27 8 19 9 19 10 10 11 10 0 0 0 0 6 New South Wales New Zealand (cum 51 2 6 51 7 6 Union of Aust. .. INSURANCE— A.P.A Mercantile Mutual 15 0 15 10 16 7 5 0 1 15 0 1 16 10 13 0 3 0 New Zealand .... Standard 2 3 6 6 LOAN AND AGENCY— Dalgety and Co. . . Goldsbrough Mort (cum div.) .... 2 N.Z. Guarantee 10 3 11 0 15 2 2 10 0 4 N.Z. Loan and Mercantile (ord. stk.) (cum div.) United Building Wright Stephenson and Co. 120 0 18 17 2 7 10 13 4 130 0 0 16 0 0 SHIPPING— P. and O. Deferred FROZEN MEAT— Canterbury .... N.Z. Refrigerating (10s paid) .... North Canterbury 5 0 0 6 0 5 7 0 8 WOOLLENS— Kaiapoi (17s pd.) Kaiapoi (7s paid) COAL— 0 0 9 0 0 14 5 1 0 Stockton (ord.) .. Stockton (pref.) . Grey Valley ...... GAS— 0 1 3 3 1 0 0 1 1 3 3 T 9 6 Auckland Christchurch .... Christchurch (10s 1 1 7 2 1 4 9 BREWERIES— New Zealand .... 3 15 0 3 15 6 Timaru (5s paid; 0 8 16 4 0 8 7 MISCELLANEOUS— Australian Distilleries Australian Iron and Steel (pref.) Beath and Co Beath and Co. (Is 1 1 1 1 1 11 6 7 0 1 1 11 0 6 British Tobacco (cum div.) Colonial Sugar . . Dunlop Rubber . . East African Cof1 9 7 1 1 1 7 0 Electro. Zinc 14 16 11 Electro. Zinc Glenmore Brick Greater Crystal Henry Jones Co14 14 4 0 Howard Smith .. Kauri Timber .... Mount Lyell (cum 10 0 0 0 0 1 1 1 3 N.Z. Farmers’ Coop. (10s paid) . . N.Z. Farmers’ Coop. (1st pref.) . . N.Z. Farmers’ Coop. (“A” pref.) . N.Z. Farmers’ Coop. (“B” pref.) N.Z. Farmers’ Coop. (61 per cent Stock, 1940) Peters American 4 3 2 88 0 IS 0 0 4 3 92 3 17 0 0 0 0 Quill Morris Victoria Nyanza 0 17 5 Weeks, Ltd. (£5 paid) Wilson's Cement Wunderlich .... MINING — 10 2 10 1 0 0 0 2 1 3 Mahakipawa 0 0 0 S 1 “i. (Pren n.) r Winding Creek (6d paid) 0 1 4 0 1 4}