WHEAT TRADING

Press, Volume LXX, Issue 21198, 23 June 1934, Page 11

WHEAT TRADING

CARGOES, PARCELS, AND FUTURES LONDON AND LIVERPOOL QUOTATIONS (UNITED PRESS ASSOCIATION—B? ELECTBIC TELEGRAPH —COPYRIGHT.) (Received June 22, 5.5 p.m.) LONDON, June 21. Wheat cargoes and parcels are quiet. Futures are quoted:— June 18. June 21 a. d. s. d. London (.wart".')- J0 September" ..19 8i 19 H December .. 20 lli 20 10J Liverpool (a cental)— Jul y •" r n' tlli October .. -• 0-f 41 j December .. 5 j* j? „f March .. 5 4J o3* Spot trade is quiet—Australia, ex ship, 25s 3d, 26s 6d. PRODUCE MARKETS MELBOURNE QUOTATIONS (Received June 22, 5.5 p.m.) i MELBOURNE, June 22. Wheat—2s 9d, 2s lOd. Flour —£8 15s. I Bran —£4 ss. Pollard —£4 15s. Oats —2s 4 id. Barley—English, 2s Od, 2s 9d. Maize —3s sd; 3s 6d. Onions are firm —. I 12s 6d, £4 15s. LONDON QUOTATION'S (Received June 22, 5.5 p.m.) LONDON, June 21. Flour is slow. Australian, cx store, 17s 6d, 18s (id. , Oats and barley are steady. Peas and beans are unchanged. BUTTER AND CHEESE LONDON QUOTATIONS LONDON, June 21. The butter market is quiet. Quotations: Danish 80s, choicest salted New Zealand 78s, Australian 745; unsalted, New Zealand 31s to «3s, Australian 75s to 70s. The cheese market is dull. Quotations: New Zealand, white 495, coloured 475; Australian, 48s and 45s Od. The National Mortgage and Agency Company of New Zealand, Ltd., advises having received the following cable message from its principals, Messrs A. J. Mills and Company, Ltd., London:— Butter —The market is slow; (inesl 78s, firsts 775, unsalted 82s to 81s, Danish 80s, f.o.b. 05s, Australian 73s to 745. Cheese—The market is quiet; white 495. coloured 475; Canadian, while 58s to 00s, coloured 54s to 50s. The following cable message has been received by Dalgety and Company, Ltd., Christchurch, from Samuel Page and Son, dated June 21:— Butter —The market is weaker. Danish. 84s to 85s; finest, New Zealand, 77s to 78s: finest, Australian unsalted. 74s to 765; salted, 72s to 745: G.A.Q., 70s to 725. Cheese —The market is weaker. Quotations: Now Zealand, white, 49s to 49s 6d; coloured, 475; Canadian, spot, white, 54s to 60s; coloured, 54s to 58s; Canadian. C.1.F., 52s to 53s

A. S. Faterson and Company, Ltd., advise that they have received the following cable advice from their London principals, Messrs J. and J. Lonsdale and Company (London), Ltd., with regard to the dairy produce markets:—

Butter market quiet. Continental production at its peak. Heavy arrivals are indicated, causing a temporary cessation of the demand. Danish, slow, 64s f.0.b.; New Zealand 77s to 78s; Australian 73s to 745. Cheese market dull. White cheese 495, coloured cheese 475. BRADFORD TOPS (UNITED VIUT.SS ASSOCIATION —MY KLECTRIO TELKOHAI'II—COI'YHIOII'i'.) LONDON. June 21. The Bradford tops market is quiet. Quotations:— June 14. June 21. Seventies .. 34 3IU Sixty-fours .. 31 A 31:{ Sixties .. 30 29A Fifty-sixes .. 23.'. 23 Fifties .. ICU 16A Forty-sixes .. 12 12 Forties .. 10.? 10=PRICE OF SILVER J LONDON, June 21. Silver (pence an ounce) is quoted:— June 20. June 21. Spot .. 19J 1915-16 - Forward .. 19 15-16 20 PRICE OF COLD (UNITED PRESS ASSOCIATION—IJY KLECTRIO TELKGKAI'U—COI'TIUGIIT.) LONDON, June 21. Gold (a fine ounce) is quoted:— £ s. d. June 21 .. 6 18 OAJune 20 .. .. 6 17 10A June 19 .. .. C 17 OAJune 18 .. .. 617 9 June 16 .. .. 0 17 9 June 15 .. .. Cl 78i

GOLDSBROUGH, MORT, AND COMPANY THE YEAR'S OPERATIONS Accounts of Goldsbrough, Mort and Company, Ltd., wool brokers, etc., for the year ended March 31 show a considerable improvement on the figures for recent years. Compared with the previous year, net earnings were more than doubled, and are the highest since 1930. Gross profit at £615,706 shows an increase of £107,031 on that of the preceding year, and net profit at £198,831 contrasts with £78,985, or an increase of £119,846. Net profit shows a return of 4.89 per cent, on shareholders' funds against 1.8 per cent, in the previous year, and on capital the return is approximately 8.28 per cent. As a result of the greatly improved position, shareholders receive a dividend of 6 per cent, for the year compared with 21 per cent, xor the preceding two years. Wool sold by the company for the year amounted to 316,405 bales, and 1630 bales were shipped, making a total of 318,035 bales, compared with 327,147 bales for 1932-33. At March 31 the company's wool unsold in store amounted to 8128 bales against 30,747 bales at the corresponding date a year ago. The total carryover in all Australian centres at March 31 was 87,085 bales, against 298,528 bales a year ago. The balance-sheet shows that compared with the previous accounts, sundry creditors are up £162,730; but, against this, deposits with the company and interest are down £159,890. Cash and deposits are higher by £599,709, but advances, etc., have been reduced £510,919. Items from the last three accounts compare as under: — 1033. 1934. r /r, o/o Dividend lii G Cross profit 49!1,G29" 508,075 (115,700 Net profit G3,'J9l 78,985 198,831 Ijinliilities—Oapitiil ~ 2,400,000 2,4.00,000 2,400,000 Deb. Stock A . . 838,235 838,235 838,235 DeK .Stock 15 .. 580,407 580,407 580,407 He servo funds 1,905,000 1,515,000 1,525,000 Undivided profits 170,372 157.357 524.188 Sundry ..•editors 774,590 012,784 030,153 Assets— Cash nnd deposils 90.991 188,020 738,329 Govt, and ot lier securities 298,189 308,490 308,571 Advnnres 5,307.512 4,720,487' 4,209,508 I'ropert ies mul slork 230,059 252,331 229,170 Oilier assets 7-1,702 ' 78,272 93,528 Premises 018,028 010,445 039,900 Slmrcs . . 42,199 35,199 34,976 0,723,070 0,193,844 0,304,042 HUME PIPE (FAR EAST) COMPANY YEAR'S DIVIDEND, 6 PER CENT. (FIIEB3 ASSOCIATION TELEGRAM.) WELLINGTON, June 22. A cable message received by the Stock Exchange Association states that the profit of the Hume Pipe (Far East) Company for the year ended March 31 was £3327 after providing for taxation. The directors recommend a dividend of 3 per cent., payable on July 11. This, with the interim dividend already paid, makes 6 per cent, for the year. WESTLAND THEATRES, LIMITED The share list of the above company is rapidly being subscribed, and intending investors arc asked to make early application. The entire issue has been underwritten by Standard Securities (N.Z.), Ltd., and the building will be commenced immediately.

The Prospectus is now available and may be obtained on request at the local office of Standard Securities (N.Z.), Ltd., Regent Buildings, Christchurch, or at any of their branches throughout New Zealand. 2510 METHVEN STOCK SALE The fortnightly Block sale waa held in j the Metlivi-n t-alo yards on Thursday, when tlim'o was a fair attendance of fanners. The entry in tlio fat .pens was fairly larjre considering tho lime of yi>ar, while t lie allround condition of the offering was satisfactory in spiii! of Ihe wot, wintry conditions prevailing. Tho top price for jUnibs was 2:2s 3d. The cattle offering occupied throo peas, and sold at fair prices. The yanlin# oC pi£s waa also u small one, and these made prices equal to those ruling at the sale two weeks aso. Sales recorded are as follows: Vat Lambs—t)n account of John Jfylnntl (Methven), 76 ut 22a Id; Kermodo's Estate (Wiuchniuri:)» !»7 al 225; \V\ K. Wilson (Methven), US at 2Us 2d; Jas. McCloy (.Mnthven), 'll3 at 21s 10d; J. IC. Dallon (AU'thven), -in at IDs Oil; V. W. Wright (Methven), 82 at 20s 7d; K. Haskott (Methven), <lu at 20s lOd; O. Nordqvist (Methven), 44 at 21s Grt; McLean's Kstato (Methven), 5(5 at 39s 7d; W. G. Steffens (Methven), 110 at 10s; Thoa. Maguire (Mctliven), 75 at 21s 4d, 74 at 21s 4<l; McKay's Estate (Methven), <l4 at 19s 4d; Stone Bros. (Methven), 44 at 18s lOd: Mrs W. Lock (Methven), 18 at 18s 6d, 25 at 21s 7d; O. 11. Watson (Methven); 04 at 21s lOd; McDonald Bros. (Methven), 20 at 20s 2d; 13, R. Chambers (Lyndhurst), ill at 22s Id. Vat Sheep—On account of Mrs S, Camphell (Methven), I*2 at 34s 3d; W. C. Steffens (Methven), 17 at 12s 9d; Stone Bros. (Methven), 20 at 12s Bd, 2?> at lHs lid, {> 1 at JUs 4d; Jas. McCloy, 58 at 15s (Jd, ;j(> at 14s; L. ft. Manggin (Winchmore), 11 at 14s 9d, 19 at 14s Id, 27 at 13s Bd.

Store Sheep—On account of B. MurrayAynsle.v (Mount Algidus Station), 805 sound-month- merino wethers at 31s 3d, 45 at lis, 112 cull at 7s 3d; Drayton Estate (Methven), GO three-quarterbrud ewes in lamb at 13s 9d; McDonald Bros. (Methven), 3 0 lambs at 14s Id; 11. 13. Jessep (Methven), 10 cull wethers at 10s Id, 31 ewes at 9s; clients, 12 rape ewes at 9s and 20 at 7s. FURNITURE SALE Messrs Hutchinson, White, Ltd., report havinpr hold successful sales of furniture .ind effects both privately and by auction. Principal prices were:—Dining rooin suite .£l2, palmstmd 15s. carpet £5 16s. rug 4s Gd, bed and wire fl 15s, wool mattress 19s Gd. stretcher 10s, crystal set 12s Gd, card table 12s Gd, chairs 10s. bedroom suite £7 10s. Hottentot 12s Gd, chair 17s Gd, table £3 los 4 r'liai v ; r 2, befl M l, 'l «vire *vnol nvt*. tress £2 Ifis, chesterfield £5 10s. do. £2 17s Gd, jrramonhone 10s, coal vase 7s 6d, vases 4s. runner 17s fill, stool ?o<i. »wl pi«|. tress 12s Gd, carpet sweeper 15s, runner 15s, occasional table .£1 Es, curb 3s Gd, liallstand 1 Os, oak palm Miiml 12s (id, Htu'lie.s*-" ,fcl 7s Gd, couch £l, single bed and wire 10s, double b;'d and wire £l, kitelicn table ss, Hottentot 7s Gd, gas iron 3s, dishes Gs, couch 15s, table 6s, three-piece suite £l2, Singer sewing machine £ll, cable 10s, kitchen chairs 10s, Singer machine £2 2s Gd. wardrobe 15s, China cabinet £3, piano £2O, carpet runner .£l, stretcher 10s, piano £l7. book shelf £2, tallboy £3, piano £2B, book shelf £l, commode chair 10s. runner lis, Hoover £6 I<U, suite. £l2, chest ol drawers SH. rm'tjii'i II",s. ch'lir 4s, scent bnitle 7s fid. stool 2s Gd, chairs 7s, banjo 10s, carpet £9 10s, pictures 10s, chairs Bs, wire couch i'l 12s Gd, wire settee £1 12s Gd, wiiYdrobe £2 12s Gd, record Is 6d, kitchen table 15s, screen ss, ornamental table £3 10s, portable gramophone 10s, £>ot 3s, linoleum 15s, axminster carpet £ll, wool mattress £2 ISs Gd, invalid chair £-1 10s, cheval duehesse £1 15s kitchen chair Bs, linoleum 15s, dronsidn table £2 10s, leather trunk £1 ss, blind £l. oak china cabinet £4, crockery 4s Gd, threepiece suite £5 10s, enrpet £4 10s, linoleum 7a Gd, 2 single beds £2 15s. records 10s. pedestal cabinet 10s, hall st"n-l 10s. books 2s Gd stretcher 17s 6d, seagrnss chair 17s 6d, duchess" 15s, table 10s, lino'eum 15s, pillows 7s Gd, fender 3s Gil, wnshstnnd 12s fid, sundries £2 17s Gd, garden tools 12s Gd, lawn- | mower 15s. —9

INDEX OF CLASSIFIED ADVTS. Arranged in Alphabetical Order. Pages Pages Announcements— Meetings 1, 25 Births .. l Motor-cara for Deaths .. I Sale 1, 22 Id Memoriain 1 Painting and Amusements .. I Paperbanging CS Art Exhibition .. 25 Properties for Atictions 26, 25 Sale 1, 25, 23 Board and Poultry & Egga 23 Residence 23 Personal .. 23 Business Radio .. 23 Notices 1, 26, 25 Sunday Servies 23 Brackenfield Hunt 25 Situ M ions Vacant 23 Dances .. 1 Situations Educational .. 25 Wanted 23 Football .. 25 Shipping 1 Furniture and Tenders .. 25 Furnishings 18 Wanted to Sell 1, 23 Fruit and Wanted to Let 1, 23 Vegetables 23 Wanted to Buy 23 Funeral Noticeß 22 Wanted to Bent S3 Motor Services 22 Wrestling .. 23 1 Lectures .. 25 I Lost and Found 23 I