WHEAT TRADING.

Press, Volume LXVIII, Issue 20630, 20 August 1932, Page 12

WHEAT TRADING.

CARGOES, FUTURES, AND PARCELS. (united press association—bt electbig TELEGHArn—COPTBIOHT.) LONDON, August 18. Wheat cargoes, in sympathy with oversea advices, are occasionally offered on easier terms at which there was more enquiry. Parcels were cheaper. Futures are quoted as follows: — Aug. 15. Aug. 18. s. d. s. d. London (per quarter)— September 25 (5 25 1-1 December .. 25 o 24 11 February .. 25 5 24 10 Liverpool (per cental) — October .. 5 5i 5 5] December ..56$ 5 4} March .. 5 8 J 5 6-£ Spot trade—Slow. Australian, ex ship, 28s 9d.

IMPORTED WHEAT.

PURCHASE PRICE DEFENDED. [THE PRESS Special Serrlce.] DUNEDIN, August 19. A Dunedin miller whose operations, are on an extensive scale and who has an intimate knowledge of wheat buying, both in New Zealand and Australia, said to-day that he considered the Government had made an excellent deal in its purchase of 800,000 bushels of Australian wheat. He said he could not understand the attitude the Auckland people were taking up in their criticism that the price paid by the Government was too high, and that the wheat could have been secured at a lower figure. Auckland was always harping about something. Fair average quality wheat went 581b to the bushel, but the Australian wheat purchased averaged from 601b to 651b to the bushel, and to anyone knowing the milling business this was a very important aspect. The agent appointed by the New Zealand Government had a wide experience in the buying of wheat, and he was a very capable man. A buyer of wheat to the extent ot' 800,000 bushels had to go to work quietly to fill his requirements, as once it became known that he was a buyer of such a large amount there was a possibility that the market might be strengthened against him. As a matter of fact, said the Dunedin miller, the agent appointed by the Government to act for them was recognised as one of the best buyers in Australia. "The Government has made a really good purchase, and I don't think it could have done better," concluded the miller. "Auckland is apparently sore that its endeavour to get the Government to remove the duty on imported wheat has failed. Such an action would have struck a vital blow against the farming community of the Dominion." SHORTAGE OF BRAN. (PEBSB ASSOCIATION TXLIO *AU.) NEW PLYMOUTH, August 19. Bran is practically unprocurable in Taranafei at a season when it is most required for dairy cattle coming to profit. The market is bare, and the price has been advanced 10s a ton. For some time merchants have been able to secure only a small portion of their orders, and the matter is the subject of serious complaint by farmers. REAL ESTATE. ENQUIRIES FOR SMALL FARMS. With the passing of the race holidays business has become more settled and a few sales have been negotiated during the past week. The sale of six suburban properties has been reported, the prices ranging from £6OO to £IOOO, also two choico art bungalows, which were sold at £I3OO and £ISOO respectively. A few building sites wero sold, ranging from £lB5 to £350, In the farm market there are still enquiries for small farms close to the City, and mixed farms of 100 to 200 acres. Sales reported arc 91 acres, 28$ acres, in North Canterbury, 43 acres in Lincoln, and three suburban holdings of 5 to 10 acres. One farm of 300 acres was sold at a satisfactory figure. Among the auction sales reported were two suburban houses and an orchard property of 20 acres and buildings. Business in the City retail area shows a distinct movement. Members of the institute report leasing a large shop in Cashcl street, and .the leasing of a large garage, which indicates a revival of confidence in this class of property. Tt is satisfactory to learn of recent business reported .in the leasing of office premises to three separate firms, who are apparently encouraged by the indication of improved market conditions. Owners have certainly shown a ready desire to meet the existing mnrket values Tn the general auction of furniture, etc., prices have been well maintained.

COMPANIES REGISTERED.

The registration of the following new companies is notified in the current issue of the "Mercantile Gazette": — Papuan Minerals Prospecting Co., Ltd. Registered August Bth, 1932. Office, 218 Manchester street, Christchurch. Capital: £IOOO into 4000 shares of 5s each. Subscribers: F. Steans 3 00, G. W. Skjellerup 100, J. R. Templin 100, B. M. Field 1. P. 0. Browne 50, O. W. B. Anderson 50, R. 11. Livingstone 100. Objects: Mining and incidental. Oookson Bros., Ltd. Registered as a private company August 12th, 1932. Office: The Square, Methven. Capital: £2OOO into 2000 shares of £1 each. Subscribers: Meth-ven-—(3. Cookson 1000, P. G. S. Cookson 1000. Objects: To acquire and take ovjr the business of grocers carried on by G. and P. G. Cookson as Cookson Bros. Karaka Sluicing Co., Ltd. Registered August 6th, 1932. Office: Auckland. Capital: £7OO in 700 shares of £1 each. Subscribers: Auckland —C. T. Gardner, K. Wardle. AV. B. Colbeck. E. Dovell, R. Gr:ffiths. C. Robinson, J. M. Wilson 60 shares each. Objects: Mining, etc, and incidental: Maruia Prospecting, Ltd. Registered August Bth. 1932. Offico: Auckland. Capital: £ISOO in 1500 shares of £1 each. Subscribers: Auckland—ll. G. Keano 50, J. J. Lawson 50. A. J. Khackin 50, S. C. and C. F.. A. Coldicutt 50, C. Laycock 25, G. C. Gilmour 50, L. J. Keyes 50. Objects: Mining, etc, and incidental. Totara Stud Farm. Ltd. Registered as a private company August 4th, 1932. Capital: £4OOO in 4000 shares of £1 each. Subscribers: Mangatangi—H. S. Barton 500. Auckland —S. 11. Barton 1250: A. E. Odlin 1250, M. J. Odlin 900. Objects: Farmers, etc., and incidental.