COMMERCIAL

Evening Star, Issue 17956, 1 May 1922, Page 6

COMMERCIAL

GRAIN AND PRODUCE. Messrs Donald Reid and Co., Ltd., report ns under: — Oats. —A grade Gartens, 2s lOd ; B grade, 2s 4d to 2s sd. Wheat. —The majority of tho samples coming to hand are being rejected on account of sprout and smut. Tho millers nro only taking good-conditioned lines. Potatoes^—(Best Taieri tables, £4 10s to £4 15s (sacks in). . Chaff.—Prime. £4 15s; good to best teed, £4 10s to £4 12s 6d (sacks extra). Messrs Dnlgelv and Co., Ltd., report;— Oats.—The demand is practically confined to seed and milling lines, which meet witn a fair demand at late rates. A Gartons, 2s lOd to 2s lid: B Gartons, 2s 6d to 2s 8d per bushel (sacks extra). Wheat.—Millers are indifferent buyers of prime lines. . ■ , Potatoes.—Tho market is well supplied, and as tho demand is very slack prices are easier. There is a little inquiry for prime lines free from blight, but ordinary samples are difficult to quit. Prime Taiens, £4 10s to £4 15s per ton (sacks mb Chaff.—There is Httlo change in the mar-k-t There is a fair demand for good sound lines, which arc worth up to £4 15s per ton. Light and discolored is worth £4 5s to £4 10s (.sacks extra). SALES ON ’CHANGE: THIS DAY. Wellington.—Reported : National Bank, £6 ; Waihi, £1 0s lOjd. . Auckland. —Taupiri Coal. 17s; Union Bank, £l3: New -Zealand Insurance, 295; 1338 War Loan, £92 ss. Christchurch. —Union Bank of Anstiana, £l2 17s ; New Zealand Refrigerating (10s paid), 12s 9cl. Messrs Dnlgety and Co., Ltd., have received cable advice from their London office that the company has declared an interim dividend of 5s per share, payable on .May 18. NEW ZEALAND GLASS WORKS. The New Zealand Glass Works, Ltd., is a company now being founded to manufaclure glassware of every description. According to the prospectus there is an important market ready and waiting for the products, of the proposed company, which state me nt is borne out by official figures of dominion imports. In 1920 over £600,000 worth of glassware was imported into New' Zealand ; glass bottles (empty) alone amounted to over £125,000. A review of the operations of tho Australian Glass Manufacturers’ Company, Ltd., is also featured in the prospectus, it being contended that labor conditions, etc., of this country are similar to those of Australia, so that a New Zealand company has every chance of being as successful as the Australian company. The capital of the proposed New Zealand company is £150,000, divided into 150,000 shares of £1 each. Tho minimum subscription for going to allotment is 35.000 shores.