Farm and Commercial Section

Dominion, Volume 22, Issue 95, 16 January 1929, Page 14

Farm and Commercial Section

LATEST REPORTS from ALL CENTRES

AUCTION SALES TO-DAY. .Johnsonville stock sale. 98 Manners Street, 2 p.m.—Sale of furniture (Ramsey Wilson and Co.) 29 Rata Road, Hataitai, 10.30 ami.— Sale of furniture (Ramsey Wilson and Co.) to-morrow. Lambton Quay, 2.30 p.m.—Sale of property, 25 Northland Road (Harcourt). r«x 1 43 1Solway Grounds, 11 a.m.—Stud flock sale (Wairarapa Stud Sheep BreedTaupo Quay, Wanganui, 11 a.m.—Sale of land, account H. Bruntlett (N.Z. L. and M.) ~ . 91 Dixon Street, 10.30 n.m.—Sale of tools, etc. (C. W. Price). 12S Terrace. —Sale of timber, 10.00 a.m. (E. Johnston and Co.) VALUABLE RAMS POISONED By Telegraph.—Press Brisbane, January la. A Longreach message states that between 150 and 200 rams died from poisoning, while a flock ranging in value from 8 seven to fifty guineas was crossing Longreach Reserve, lhe loss is estimat ed at £l5OO- -.w. ■ i i. _

PRODUCE MARKETS CANTERBURY REPORT By Telegraph.—Press Association. Christchurch, January 15. The improvement iu crop prospects as a result of tlie week’s weather has formed the subject of trade talk, but so far there is no reflection in market quotations. Fowl wheat has been sold at ss. SJd. and ss. lid. f.0.b., sacks extra. The milling inquiry shows no sign of livening up. The first of tlie season's oats have been offered merchants. A line from mid-Can-terbury, they were Algerians, and were an excellent sample, being grown on light to medium land, which has been helped by the moist conditions of the season. Forward Gartons have been sold at 3s. 3d., f.0.b.5.i., this ligure indicating a slightly easier tone. Some new season’s ryegrass has also been offered merchants, the quality being good. Potatoes show no actual change in values, £3 f.o.b.s.i. being the quotation for main crop, but tlie tone is inclined to be easier, consequent on the improvement effected in tlie crops during the week. The later crops on the lighter land are reported to be looking exceptionally well, and should offset losses incurred oh the heavy ground through patches being drowned out.

AUCKLAND MARKET Dominion Special Service. Auckland, January 15. The crop of potatoes has been a good one in the Auckland district, and the local market is glutted, witli the. result that prices rule lower than usual for this time of the year. Efforts are being made to enable New Zealand potatoes to be shipped to Sydney, where prices are high at present. Prices rule as low as £6 10s. wholesale at which, when freight and cost of handling are added, means £8 to £8 10s. ex-store at Auckland. Growers may delay digging until the glut is worked off, but with the heavy crop prices are not likely to improve much in the near future. New season's locally-grown onions are coming forward in increased quantities. The yield has been a good one this season, and the onions now coming to hand are of improved quality. Prices rule from 12s. (id. to 14s. per cwt., exstore, but a reduction is expected as heavier supplies are sent in. The market for fowl wheat in the South firmed 2d. per bushel during the week. Stocks held locally were light, but a small shipment arrived yesterday by the Kurow. Tlie store price in Auckland is now 7s. lid. per bushel. Very little business is being, done in oats. In the South forward sales have been made of A grade Gartons at 3s. 7d. per bushel, f.0.b., sacks in. These are for April-September delivery. As far as chaff is concerned, business has been small lately. The season is later in tlie South, and advice from Blenheim is to the effect that the new chaff will not be ready for tlie market before February. The wet weather during the harvesting in the South may have had a bad effect on the chaff in some districts. Chaff is quoted at £9 10s., ex-store, at Auckland. Owing to the hot weather the maize is not meeting with much inquiry at present, as poultrymen prefer to use a less heating food. FOREIGN ITEMS THE WHEAT MARKETS. (Australian Press Assn.—United Service.) (Rec. January 15, 5.5 p.m.) London, January 14. Wheat.—Cargoes are firmer in sympathy with America. Demand has improved and prices have advanced 3d. to lid. per quarter. Parcels are in fair request at 3d| to fid. up. Liverpool futures: March, 9s. 2 5-Bd. per cental; May, 9s. 4d.; July, 9s. fid. Chicago, January 14. Wheat. —March. 1 dollar 19} cents per bushel: May, 1 dollar 12 7-8 cents; July, 1 dollar 24 1-8 cents: PRICES OF METALS. (Australian Press Association.) (Rec. January 15, 8.50 p.m.) London, January 14. Copper:—Standard, on spot, £75 Is. 3d. per ton; forward delivery, £73 Os, 71d.; electrolytic, £7B ss. and £7B 155.; wire bars, £75 15s. Lead.—£2l 18s. ltd. and £22 fis. 3d. Spelter.— £2O ss. and £2O 7s. fid. Tin—£229 Ils. 3d. and £222 12s. fid. Silver.—Standard, 20 7-10 d. per ounce; fine, 28 9-16(1. RUBBER FLUCTUATIONS. London, January 14. Plantation rubber rose to Hid. and closed at 10 3-Bd.. causing a general advance in rubber shares. AUSTRALIAN STOCKS IN NEW YORK. (Rec. January 15. 5.5 p.m.) London, January 14. Sales have been made of Australian stocks at the following prices:—Commonwealth 5 per cents., 1955 90 5-8, 1957 90; 4} per cents, 88; New South Wales, 5 per cents, 1957, 94}, 1958 94-}; Queensland, 0 per cents 103, 7 per cents 109 3-8.

WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES Late sales made the previous day reported at the morning call yesterday were British Tobacco at 455. Cd. and Wilson's Cement at 41s. Bd. The sales reported at the afternoon call were Bank of Australasia at £l4 195., National Bank of Australasia, £5 paid, at £9 9s. Cd., Bank of New Zealand at 625., and National Mortgage at 48s. 9d. There was a moderate demand for Government securities, with buyers of the 4} per cents, at £99 7s. fid., and the 5} per cents, at £lOl ss. Wellington Harbour Board 5} per cents. (1940) were in demand nt £99 10s., as were Waltomo Power Board 5} per cents. (1904), Wellington Gas debentures were wanted at £lOO 55., Wellington Racing Club at £lO6 10s. and New Zealand Breweries bonds at 255. 3d. Bank shares Were in active demand and most of the business done recently has been in these shares. There were buyers of Australan Bank of Commerce at 335. 9d., Commercial Bank of Australia at 30s. 10d., English, Scottish and Australian Bank at £8 145., National Bank of New Zealand at £7 3s. fid., National Bank of Australasia £lO paid at £lB 18s., £5 paid at £9 95., Bank of New South Wales at £5O 15S„ Bank of New Zealand at fils. 9d„ and Bank of New Zealand D shares at 28s. Sellers quoted £l5 for Bank of Australasia, and £l5 19s. for Union Bank.

Firmness was displayed by Goldsbrough. Mort and Co. at 51s. 4d., and by New Zealand and River Plate at 325. National Mortgage were wanted at 475.. Wright, Stephenson and Co. preference at 10s. 9d., A.P.A. at os. 3d., Napier Gas at £lO 10s., a rise of 2s. Cd. and Gear Meat at 435. There were buyers of Union Steam at 20s. (id., Westport Coal at 295. Cd., Staples and Co. nt 425. Cd., British Tobacco at 45s 5d., Burns Philp and Co. at 475. fid., South Sea nt 305., Dominion Investments at 22s fid., Howard Smith at 245. Oil., New Zealand Drug at 735., Wellington Queen's Theatre at 235., Wilson’s Cement at 41s. 4d, and Waihi at 145.,

Yesterday’s buying and selling quotations were as under:—

SALES IN OTHER CENTRES By Telegraph.—Press Association. Auckland, January 15. Sales.—Borough of Devonport, 1936, 6 per cent., £lO2 195.; New Zealand Breweries, debentures, 255. lOd. (three parcels); Bank of Australasia, £l4 16s. fid.; National Bank of New Zealand, £7 45.; Union Bank, £l5 16s. 6d.; New Zealand Insurance, 475. 3d.; South British Insurance, 635. 9d.; New Zealand Loan and Mercantile, £120; Pukeniiro Collieries, 07s. 7}d.; Auckland Gas, 245. 5d.; Northern Steamship (con.), os. Bd.; Mosgiel Woollen, £7 10s.; Farmers’ Trading Co., Bs. Gd. Christchurch, January 15. Sales.—New Zealand Government, 5} per cent, inscribed, 1933, £lOl 2s. fid.; Commercial Bank of Australia, 30s. lOd.; New Zealand Insurance, 475. 4d. (four parcels); New Zealand Refrigerating (10s. paid, cum div.), Bs. 3d. (five parcels) ; Kaiapoi Woollen (7s. paid), 4s. 4d. (two parcels); New Zealand Breweries, 58s. (id.; Timaru Brewery (rights), 3s. 9d. (five parcels); British Tobacco, 455. 5d.; Electro Zine (pref., cum div.), 30s. 10d.; New Zealand Guarantee Corporation, Bs. 7d.; Mahakipawa, Is. 3d. (five parcels); Dalgety and Co., £l5 os. Sales Reported.—Bank of Adelaide, £l4 195.; Commercial Bank of Sydney, £2B 10s.; Union Bank of Australia, £l5 10s. fid.; National Mortgage, BSs. fid.; Standard Insurance, G3s. fid.; Auckland Gas, 245. sd. (two parcels); Devonport Ferry, 245. Dunedin, January 15. Sale.—P. and O. Deferred Stock, 60s. (three parcels). Sales Reported.—Goldsbrough, Mort, 51s. Cd.: 5} per cent. Soldiers' Inscribed, 1933, £lOl ss. COMPANY ACTIVITIES TARANAKI OILFIELDS By Telegraph,—l’ress Association. Gisborne, January 15. Taranaki Oilfields, Ltd., reports:—Gisborne No. 2 well: Drilled to 2070 ft. in soft shale, B}in. diameter casing to 2036 ft. FUSION OF RUBBER CONCERNS The directors of the Dunlop Rubber Company of Australasia, Ltd., and of the Barnet Glass, Rubber Co. Ltd., jointly announced last week that they had settled terms, and agreements were now being drawn up for the future affiliation of tlie two companies. Tlie board of the Barnet Glass Company is communicating with its shareholders forthwith setting out particulars of the agreement, and recommending the approval of the arrangements arrived at by the directors. No reference is made to the negotiations in the same direction by the Dunlop Company with the Perdriau Rubber Co. of Sydney. It appears that discussions have not concluded. Nothing is available to Indicate whether the agreement is in any way dependent upon the consolidation of the two Victorian companies as now settled.

BRYANT AND MAY, LTD.

The firm of Bryant and May, match manufacturers, has direct connections with Australia and New Zealand, and the accounts do not show tile results of operations here. For the past trading year net profit was £412,758, against £337,212 for the preceding year. The year's prolit was a record for the company. Interim dividends were 6 per cent, on the ordinary and 5 per cent. On the co-partnership shares, each being 1 per cent, higher than previously. With the final dividends the preference shares receive 14 per cent., and the ordinary and co-partnership shares 10 per cent, respectively. In accordance with the articles, £97,743 is equally shared by the employees and ordinary shareholders, and an additional dividend of £02,841) is paid on the ordinary shares. These two sums, representing £160.592 compare with £100,519 paid for the preceding year. The sum brought forward was £72,415, and there was carried forward £80.514. The ordinary capital was acquired by the British Mn'tcli Corporation Ltd. The extensive industry carried on in many parts of tlie world by Bryant and May Ltd. makes It balance-sheet Interesting.

NEW ZEALAND INSURANCE COMPANY INTERIM DIVIDEND. By Telegraph.—Press Association. Auckland, January 15. The directors of the New Zealand Insurance Company, Ltd., have declared an interim dividend of lid. per share for the half year ended November 30, 1028. CUSTOMS REVENUE. The Cimtoms revenue collected at the port of Wellington yesterday totalled £27,789,

N.Z. GOVT. LOANS— Buyers. £ s. d. Sellers. £ r d 4J p.c. Ins. Stk., 1938 99 7 6 99 15 o ft* p.c. ditto, 1933 ... 100 17 G 101 7 fl M p.c. ditto. 1930 .... 101 10 o 4J p.c. Bonds, 1941. 1939, 1938 54 p.c. ditto, 1933 09 7 G 101 10 0 5} p.c. ditto. 1936 ... 101 5 0 DEBENTURES— Wellington Gas Co. . 100 5 0 V ell. Racing Club .. 106 10 () N.Z. Breweries (bonds) 1 5 3 1 9 Well. Harbour Board, 51 p.c., 1940 Waitomo Power Bd., 99 10 0 51 p.c., 1964 Pukekohe Borough .. 99 10 0 — 100 0 0 Makerua Drainage Bd. 100 0 0 BANKS— Australasia —— 15 0 0 Aust. Bank of Coniineree Commercial of Aust. 1 13 9 — (ofd.) 1 10 10 1 11 1 English, Scottish, and Australian 8 14 0 National of N.Z 4 3 6 National of Australasia IS (£10) 18 0 — Ditto (£5) 9 9 0 9 11 0 New South Wales .. 50 15 0 51 0 New Zealand 3 1 '<) — Ditto, long-term mortg. 1 8 0 — Union of Aust. (Melbourne register) .. —— 15 19 0 FINANCIAL— Goldsbrough Mort ... o 11 4 —— .National Mortgage and Agency N.Z. Guarantee Corp. 4 0 — (ord.) 0 8 9 N.Z. and River Plate 1 12 0 —— Wright, Stephenson, and Co. (pref.) ... 0 16 9 GAS— Auckland (contrib.) . —— 0 18 6 Napier (£10) 10 10 0 INSURANCE— National — 0 10 6 Aust. 1'rov. Assurance 0 6 3 —— MEAT PRESER VI NGGear 2 3 0 —- N.Z. Refrlgerat. (10s.) TRANSPORT— — 0 8 6 Huddart-Parker (ord.) .— 2 9 3 Union Steam (pref.) . 1 0 G COAL— Westport 1 9 G 1 10 3 TIMBER— 1 National —— 0 10 6 BREWERIES— New Zealand — o 19 0 Staples and Co o 6 — MISCELLANEOUS— British Tobacco (Aust.), (ord.) ...... z o <J — Burns, Philp, and Co. z 4 0 — Ditto., South Sea .... 1 10 0 — Dominion Investments 1 2. 6 —— Howard Smith (ord.) 1 4 6 1 5 3 National Electric ... —— 0 12 0 N.Z. Drug Co 3 13 0 —- 6 N.Z. Paper Mills .... ——• 0 18 Well. Queen’s Theatre 1 3 0 — Wilson's Cemenet .... J, 1 4 0 2 1 Aust. Iron and Steel (prof.) ——• 1 0 .L MINING— 14 Waihi 0 14 0 0 9