APPLES AND PEARS.

Press, Volume LXVII, Issue 20273, 26 June 1931, Page 15

APPLES AND PEARS.

NEW ZEALAND SHIPMENTS. PRICES IN LONDON. (fICITED PRESS ASSOCIATION—BI ELBCTSIO TELEGRAPH—COPYRIGHT.) LONDON, June 84. The Somerset's and the Port Hobart's shipments of New Zealand apples are on the market. Quotations for apples were:— Per case, s. s. d. Jonathans, Delicious, and Cleopatras 11 to 14 Scarlets 11 to 12 Sturmers .. 10 to 11 C New Zealand Pears. s. 8. Winter Nelis (bundles) 13 to 15 Cornice (trays) .. 7 to 10 Winter Coles (half-cases) 6 TARIFF REVISION. CHANGES IN CANADIAN SCHEDULE. (UNITED PRESS ASSOCIATION —BT ELBCTRIO TELEGRAPH —COPYRIGHT.) OTTAWA, June 24. ' The agreement with Australia will necessitate a number of changes in the tariff schedules brought down by the Budget, said the Prime Minister, Mr It. B. Bennett, in the HSuae of Commons to-day. Cable communications had been exchanged between the two Governments, and it would be necessary to await certain texts from Australia before the Budget resolutions were brought before tho House. RUSSIAN TIMBER. HALF OF SHIPMENT UNLOADED. (UKITED PRESS ASSOCIATION —BY SLECTBIO TELEQBAPH—COPYRIGHT.) • SYDNEY, June 25. No attempt has been made to unload the remainder of the Sydney consignment of Russian timber on the King Lud. The motor-ship is to continue her voyage to the Argentine with half the consignment still in her holds. It now appears that tlie shipment was merely speculative. STABILISATION PLAN. TRUSTEES IN DIFFICULT POSITION. "The plan for financial and economic readjustment which has been evolved by the Premiers' Conference," said Mr Edward Fitzgerald, speaking at the halfyearly meeting of the National Trustees, Executors, and Agency Co. of Australasia, Ltd., held in Melbourne the other day, "has tended to relieve feelings of depression, and has resurected a spirit of hopefulness. The treatment is going to be drastic, and not of short duration, but comfort will arise from knowledge that 'the pruning knife is to have general application, and that there is a nation-wide endeavour to save our name from the indelible stain of default. Trustees, however, are not in a position to aid the plan in q, spirit of voluntary sacrifice, as they are fettered by legal obligations and limitations, and cannot co-operate in the conversion loan without new enabling laws. The required legislation is promised and is awaited with keen interest and concern. That it will be fully protective in regard to boijd conversion may be assumed, but it will readily be seen that any such dealing; with capital in trust estates will have most disturbing effects, and will create problems of great perplexity."

ARCADE AND THEATRE COMPANY (Wttrfß AISOCUTIOa TIUQBAX.) ' .WELLINGTON, June 25.* The secretary of the Stock Exchange Association has been advised that His Majesty's Arcade and Theatre Co., Auckland, will on July Ist pay an interim dividend, of 31 per cent, on preference shares and. 5 per cent, on ordinary shares. ' ROYAL SHOW. (fcIBSS ASSOCIATION TKLXOBAK.) WELLINGTON, June 25. The Royal Agricultural Society's .conference concluded to-day. The council of the Society has undertaken to oonsider an application on behalf of Auckland for the 1932-33 Royal Show. The show would be held in February, 1933, it was stated, giving an interval of 15 months after this year's show at Christchurch. There would be another show in November, 1933. 1 LOAN TO BE RAISED. (IUESS ASSOCIATIp* TSLKQBAM.) NAPIER, June 25. The Napier Fire Board is raising a loan of £12,000 for new fire services. The monev will be chiefly spent on 0 new building in Clivp square. In addition a fire alarm system is to be installed. MINING. CORNISH POINT COMPANY. The mine manager of the Cornish Point Gold Mining Company's claim reports that owing to the dip in the bottom he has been compelled to drive over the wash lor some sixteen feet. By the use of a hand pump he has been able to reach bottom in this wash —approximately two feet. Dish prospects were much the same as on the surface, but lie was agreeably surprised, on shifting, the pump out of the mine and washing it out, to find a nice prospect of shotty gold, which he contends had been sacked up from the bottom. He proposes, by the use of extra water pipes, to facilitate the drainage, thus enabling him to clean up the wash right up to the face, and .so making driving possible right on the bottom. By doing this, he states there is a chance of striking a good lead of gold. DAIRY PRODUCE. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London office, under date June 24th:— ' Butter—loßs to 110s. Very slow owing to European supplies. Chaeao—WhiW 88% mlownA Ma. fitew.

CHRISTCHURCH STOCK EXCHANGE. YESTERDAY'S TRANSACTIONS. There was a good volume of business on call yesterday, particularly in banking and gold mining company shares. Transactions, exclusive of vestibule business, included: 200 Comm. Bank of Aust. 50 K, S., and A. Bank. 183 National Bank of Now Zealand. 5 Bank of New South Wales. 450 Bank of New Zealand. 100 New Zealand Insurance. 105 Canterbury Frozen Meat (prot.;1100 Mt. Lyell (cum div.). 300 Cornish Point. 850 King Solomon/ 500 Mahakipawa. 100 Okarito. 300 Golden Point (IOJd paid). Commercial Bank of Australia shares were firm with dealings at 14s M, maiket closing Id on either side; the preference shares were stronger on buyers offers £5 12s 6d, sellers at £o 183. English, Scottish, and Australian Ban* shares advanced to £3 19s. closing quotations £3 17s buyers, £3 l9s 6d sellers. Buyers of National of Australasia iuuypaids advanced their offers to £9 l<s 6d without attracting sellers. National Bank of New Zealand shares dropped to dealings at £4 15s and £4 15s bd, and more were offered at £4 16s, buyers at £4 14e. Bank of New South Wales shai'es changed hands at £24 l*s Gd, but closed easier with sellers at £l4 15s, buyers at £24 12s 6d. Union Bank of Australia shares hardened to £7 12s 6d buyers, £7 19s sellers. Miscellaneous. New Zealand Insurance shares were released at 40s, buyers staying in at that figure, sellera at 40s 3d. Buyers of Goldsbrough, Morts moved up to 20s, sellers at 20s fid. Canterbury Frozen Meat preference shares realised 62s 6d. New Zealand Breweries showed a slight recovery, buyers offering 33s 4d, sellers at 84s 2d. Mt. Lyells, cum dividend, relapsed to dealings at 17s lid and 17s lOd, and there were further buyers at 17s lid, sellers at 18s 2d. Cornish Point Gold Mining shares were a shade easier at 7ijd, market closing 7d buyers, 81 d sellers. King Solomons advanced to dealings at 3s 6d, 3s 7d, and 3s 6Jd, and more were wanted at 3s 6id, sellers at 3s 7d. Mahakipawa realised Bd, sellers staying in at that price, buyers nt 7Jd. Okaritos wer© firm at 9s 2d, closing quotations 9s Id buyers, 9s 5d sellers. Golden Point 10id paid shares relapsed to Is 7d, and more were offered at la Bd, buyers at Is sd.

LONDON STOCK EXCHANGE. EFFECT OF WAR DEBTS MORATORIUM. (ranrxD pbiss ajsociatioh—B* K.XOTBIO telegraph—coptwoht.) LONDON, Juno U. The Stock Exchange opened quietly, but closed strong on France's approval of the Moratorium. Australians were firm all round, several State stocks being marked up four and five points. AUSTRALIAN PRODUCE SYDNEY MARKET. (Received June 26th, 7.46 p.m.) SYDNEY, June ». "Wheat—Ex trucks, Sydney, 2s Bid per bushfel; country atationa, la BJd. Flour—£lo 10a par ton. Pollard—£3 15a per ton. Bran—£3 5a per ton. Potatoes—Tasmanian to £6 par ton; Victorian, £5. Onions—Victorian, £6 to £5 10a par ton. Oats—White 2s 6d per bushel; Algerian* 2a 3d. Maize—3a 9d par bushel. MEAT EXPORT. r- 0 KILLINGS TO DATE. Xha New Zetland Meat Producer*' Board reporta that killinga for export At all work* in the Dominion for tha 1980-31 aeaaon—from October Ist to June 15th—ara W follows: ISSI. 1930. Beef (quartern) .. .. 125,130 178,011 Wether (carcase*) .. 1,252,163 1,486,697 Ewe .. .. 728,986 1,112,781 Lamb .. •• 7,293,163 6,597,959 Pork (porkers) .. 108,203 91,166 Pork (baconers) ... 25,741 39,870 Boneless beef .. 202,504 179,067 Sundries .. .. 178,202 122,468 Stock* on hand in atores in tha Dominion on June 15th were: — 1931 1980. Beef (quarter*) .. 66,019 69,694 Wether (oarcaaes) ... 400,706 . 604,538 Ewe .. .. 820,006 582,254 Lamb .. .. 1,195,963 1,653,555 Pork (porkers) .. 87,702 86,618 Pork (baconera) «. 4,059 9,639 Boneless beef • >. 128,514 82,716 Sundries .. .. 79,492 48,630 ■ \ i SHEEPSKIN SALE.

BROKERS' REPORTS. Dalgaty and Co., Ltd., report having held a said of sheepskins at their wool a tore a yesterday. There was a medium offering and competition was fairly keen. Prices for sound skinß were a little firmer, others unchanged. The range of values was as under: Faulty , Bound, 'and dead. Ibd, Ito full-woolled 41 to 5 4 Short to 1-woolled . . 3 to 8} 2 to 2J Ibd, J to full-woolled 4} to 41 8} Short /to 1-woolled 31 2 xbd, 8 to full-woolled 8J 3 Short to i-woolled .. 2i to 81 11 to # Merino, J to full-woolled 22 to 8 21 Short to 1-woolled .. 2 to 21 1J ibd hoggets . . 41 3| xbd hoggets ... 4 2J to 8 Pelts .. 2J 1 to U H. Matson and Co. report haying held their weekly skin and bag wool sale yesterday morning before the usual bench of buyers. Competition throughout was good, and prices showed a firming tendency. Range of values: d. • d. Sound pelts .. .. 2) Bellies and faulty .. .. } to 1) Crossbred, sound ... .. 81 to 4 Damaged and faulty .. .. 21 to 3 Three-quarterbred, sound " 4J Half bred, sound .. .. 31 to 51 Bead and faulty .. .. 2| to 4 Lambs, sound. .. .. 4 Damaged and faulty .. ..." to 81 Hoggets, sound .. .. 4 to 41 Damaged and faulty .. .'.3 Black .. .. .. 23 Merino .. ~ 2g Butchers' Skins— ' Crossbred .. .. 1/7 to 2/11 Three-quarterbred .. 1/9 to 2/8 Half bred .. .. 1/9 to 4/d. d. Bag Wool— Half bred fleeces .. .. 61 Crossbred . . sf Halfbred dead .. .. 4J to 5 Itough dead .. .. 21 Halfbred crutchings .. 3J to 81 Three-qcartrebred and crossbred crutchings . . . . 3 to 81 Lambs' crutchings .. 3 At the weekly skin sale yesterday, held by Pyne, Gould, Guinness, Ltd., only green skins were offered. The following was the range of prices:— Halfbred, lg 2d to 4s Id: three-quarter-bred, Is to 8s 6d; crossbred, Is 4d to 2s FROZEN MEAT. SHIPMENTS TO ENGLAND. The New Zealand Meat Producers' Board is advised from its London office that the shipments from Australia and South Amorica to the United Kingdom during the first half of June were as follows: AUSTRALIA. Carcases mutton • • 29,097 Carcaseg lamb ■ • 51.730 Quarters beef • • 68,045 South America. Carcases mutton ■•' 76,800 Carcases l am b • • 160,312 Quarters beef (frozen) .. Quarters beef (chilled) .. 139,428 Included in the South American figures are 105,789 carcases of lamb and 27,452 eareases of mutton shipped from Patagonia. The shipments from New Zealand to the United Kingdom for the same period were as follows: Carcaseg mutton ■ • 143,896 Carcases Umb . . 800,584 Quarters beef 2,046 The shipments from South America to the Continent of Eurone during the same period f ? llo »s;-—Mune* »*. *«»* mm 1810 ton*,

NEWSPRINT FROM BRITISH MILLS. It is very difficult to arrive at ajiy correct statistics of output from British newsprint mills, but as very few, if any, are working full time, St is reckoned that on the average they are running at from 75 to 80 per cent, of capacity. 'Tie newsprint mills are better supplied with orders than those making higher gitades of paper, but most of these could turn out quite a considerable tonnage more than they are doing at present. Seeing that over 40 per cent, of the Canadian machine capacity is lying idle, ovsr 80 per eant. of ' the American, SO per *ai ei tha British, tt will tafet mvm!

years of really good trade with Mtensive newspaper development to use to the full the paper that can be made on existing machines. HARLAND- AND WOLFF. DIVIDEND PASSED. Although the company's output lor 18M was the highest In recent years, the profits of Harland and Wolff, Limited. *MpbuiMers, dropped to £387,828, compared with £674,874 In 1029. , The director, state that, although, a yupta* •£ 438 MM DM amfiaMe tan Ma

was not represented by liquid rwoaroM aT*flable for distribution. Therefor® they evoM not recommend the payment of any dividend*. They propose as soon as necessary arrangements can be made with associated companies •to submit a scheme for -writing down the assets and reorganising the capital. PRICE OF GOLD. (cirmt»' rasas A#«ocu.now—bt ' TEt.EOßA*n—corr*»st.) Lowpoa 1 , .jfaa. Ml » «* Mb MS * «* mmm

LATEST QUOTATIONS. Buyers. Sellers. £ B. d. £ b. d. N.Z. Government Debentures— 4i per cent. Inscribed. 1938 97 10 0 98 0 0 4} per cent. Bonds, 1938 97 18 0 — 4| per oent. Bonds, 1989 97 10 0 — S) per cent. Inscribed, 1937 96 10 0 — Si per cent. Inscribed, 1932 99 10 0 — per osnt. Inscribed, 1933 96 15 0 99 10 0 8]| per oent. Bonds, 1033 89 S 0 — Si per cant. Inscribed, 1936 80 0 0 99 8 0 8) per oent. Bonds, 1936 99 2 6 _ Banks— Aust. of Commerce .. 0 14 0. 0 14 9 Australasia » 6 0 — Comm. of Aust. 0 14 2 0 14 4 Comm. of Aust. (pref.) 5 12 6 5 18 0 E., S., and A. 3 17 0 3 19 6 National of Australasia (£10 paid) 9 17 6 — National of Australasia (£5 paid) .. 4 12 0 5 0 0 National of N.Z. 4 14 0 4 16 0 New South Wales 24 12 6 24 15 0 Ne\r Zealand .. ' 2 6 4 2 6 7 Union of Aust. .. 7 12 6 7 19 O Insurance— National .. .. 0 12 10 0 13 2 New Zealand .. 2 0 0 2 0 3 South British 2 » a 2 11 0 Loan and Agency— Dalgety and Co. e o s 6 16 0 Goldsbrough, Mort (cum div.) .. 1 0 0 10 5 National Mortgage (cum div.) 2 0 0 — N.Z. Guarantee Corpn. 0 4 6 0 5 8 United Building Society — 0 18 6 ' N.Z. Mortgage Security 0 15 0 1 10 & Shipping- . Union (pref.) . » .. 0 10 0 — Frozen Meat—, Canterbury (ord.) 8 0 0 4 10 0 Canterbury (pref.) — <50 N.Z. Refrig. (£1 paid) — 0 11 6 N.Z. Befrig. (10s paid) 0 8 6 0 3 8 North Canty. Freezing 0 1 0 0 8 7 Woollens — Kaiapgi (17s paid) 0 8 0 — Coal— Weatport .. 1 2 6 14 0 Pubsmiro U 11 0 — Stockton (oid.). ' — 0 13 Stockton (pref.) — 0 19 Oas— , Christchurob. (10s paid) 0 11 6 — Timaru — 110 Breweries— New Zealand .. .. 1 18 4 1 14 2 Timaru (6s paid) — 0 6 3 Tobheys — 0 15 0 Tooths .. 0 16 0 0 18 6 White Star — 0 10 0 1 ■ Amalgamated Wireless (contr.) .. 0 10 0 0 15 0 Australian Glass (ex div.) .. ... 1 0 8 18 6 Beath and Co. (Is paid) 0 1 6 0 3 0 British Tobacco (cum div.) 1 8 7 .1 4 9 Colonial Sugar 32 5 0 84 15 0 Evans Atlas Flour 1 10 0 1 16 0 Kauri Timber 0 6 0 — Mt. Lyell (cum div.) .. 0 17 11 0 18 2 N.Z. Drug Co. 2 9 6 — N.Z. Farmers' Co-op. (Bi per cent. Stock, 1940) 51 0 0 53 15 0 N.Z. Farmers' Co-op. (6J per oent. Stock, 1945) 50 0 0 — Tarsnaki Oil 0 0 9 0 16 United Piotures 0,12 0 110 Wilson's Cement — 1 17 0 Wunderlich 0 1 6 — Woolworths (N.Z.), prof. 1 3 0 — Mining— Alexander — 0 10 6 Cornish Point 0 0 7 0 0 8i King Solomon 0 3 6§ 0 3 7 Mahakipawa .. .. 0. 0 71 0 0 8 Mahakipawa (pref.) 0 0 ' 84 0 0 10 Okarito 0 9 .1 ■ •095 Waihi Grand Junction (cum div.) 0 3 1 0 3 5 Golden Point (10s pd.) 0 12 0 0 15 9 Golden Point (10Jd pd.) 0 1 5 0 1 '6 YESTERDAY'S SALES. CHRISTCHURCH. Sales on 'Change— £ s. d. Commercial Bank of . Australia (2) 0 14 3 National Bank of New Zealand ... , 4 15 0 . Bank of New Zealand (3) 2 6 6 Mt. Lyell (cum div.) 0 17 11 (2) 0 17 10 Cornish Point 0 0 7i King Solomon (3) 0 3 6 0 3 7 (2) 0 3 6j 0 3 7 0 3 6} Mahakipawa 0 0 8 Okarito 0 9 2 Golden Point QLO}d paid) 9 1 7

Sates Reported— £ d. E-, S., and A. Bank 3 19 0 Bank of Now South Wales 24 17 6 Bank of New Zealand (3) 2 6 6 Now Zealand Insurance ... 2 0 0 Oanterburv Frozen Meat (pref.) 8 2 6 National Bank of N.Z. (8) 4 15 6 AUCKLAND. Sales on 'Change— & s a Bank of New South Wales 24 17 0 New Zealand Insurance ... 2 0 3 South British 2 10 6 King Solomon 0 3 « . 0 3 5 0 3 3 Waihi Grand Junction ... 0 3 4 WELLINGTON. Sale Reported— £ ». a. Canterbury Frozen Me.at (pref.) ... S 2 a DUNEDIN. Sale on 'Change— £ B. 6. Okarito ••• (10) 0 9 2 Sales Reported— 64 5 King Solomon ... (2) 0 0 8 3 E. ( S.. and A. Bank 3 19 u