COMMERCIAL

Evening Star, Issue 20256, 17 August 1929, Page 13

COMMERCIAL

THE SHARE MARKET DUNEDIN STOCK EXCHANGE. Sales of Wilson’s Cements at 14s 9d and Broken Hill ■ Souths at 71s 6d were reported at this morning’s call of the Stock Exchange. Bank of New Zeeland shares wore asked for at 62s 9d, but there was no selling quote. Union Banks were wanted at £ls Is, without result. National Insurances provided .a buyer at 16s 3d, but no seller. Westport® were on offer at 35s 4d, with a buying quote at 335. Goldsbrough, Morts have improved to buyer 48s 6d without a seller. Dominion Rubbers had inquiry ot 30s, the response being o2e. ( The quotations for Mil burn Limes have improved to buyers at 39s 6d and sellers at 40s 6d. Smith and Smith preference shares wore wanted at 19s, nut the seller asked 20s 6d. New Zealand Breweries provided close quotations, the shares .being asked for at 64s 3d, with ft seller at 84s lid; and for both the debentures and the stock 28s 13 was offered, with sellers at 28s 7d. Electrolytic ■ Zinc preference issue showed a buyer at 40a 3d, the ordinary issue being asked-for at 40s 4d, with a seller for the latter at 40s Bd. This anomalous position created aome comment, as preference shares are usually quoted is higher than the ordinary issue. Mount Lyells have shown an improved market during the week, being wanted this morning at 43s lid, with no seller under 44s 6d. There was no change in other mining stocks nor in Government debentures. Sales reported; Wilson’s Portland Cement, £2 4s 9d; Broken Hill South, £3 11b 6d,

FRUIT AND PRODUCE Bray Brothers, Ltd., report as follows for the week ended to-day:— Ihe chaff market is steady. There is still sufficient to meet the local demand, which is quiet. Good quality is selling up to £6 5s per ton, sacks extra, ex store. The Canterbury market remains firm. Shipping business has been done there with the North Island, and prices' have ruled round about £6 15s, f.0.b., s.i., for prompt delivery. The oat market is firm. _ Forward sellers have had to cover their commitments, and sales of A Gartons have been made from Dunedin round about 3s 6d, f.0.b., s.i., and the price to fanners round about 2s ICki, sacks extra, on trucks, country sidings. In Canterbury the market appears to bo firmer. The demand for seed oats is on the quiet side, but an improvement is expected next month. The local wheat market shows little change, millers still having sufficient stocks to carry thenron. So far ns the Otago district is concerned, there is not now a great deal of milling wheat available, and prices are on a par ■with those ruling for some time past—namely, 5s 9d for Tuscan, country sidings, Gs for Hunters, and 6s 6d for Velvet. Fowl wdieat prices are firm, and bnj-ers in the North Island are showing more confidence in the market. Sales have been made there at 5s IDd, f.o b.. sacks extra. Millers’ prices .are as follows: Flour: 200’a, £l6 15s; 100’s, £l7 15s; Wa, £18; 25’s, £lB 10s. Bran, £7. Pollard, >£B 10s. « Oatmeah 25’sj £25 10s; 200’s, £24, 10s, w

There is a good inquiry for both bran and pollard. The potato market continues firm, and good quality potatoes are readily placed at £9 10s to £lO per ton. A lot of the lines coming forward are only second quality, and aro difficult to place. Reports from Sydney go to show that the market there has declined £4 per ton, and if the embargo on New - Zealand grown potatoes-was lifted it would be difficult to send consignments there that would show a profit on the face of the price now ruling in Now Zealand. ■ . The onion market is keeping steady. Some good consignments are still coming forward from Canterbury, and best lines are selling round about £lO per ton .. , The egg market is better supplied, but the market is steady. Larger quantities of fresh eggs are now coming forward. Honey is in good supply, and prices are low. Some first-class samples are offering at 4}d to fid per lb. Hams and bacon are in good supply, and the market steady, Cheese is offering more freely. There is a good demand for old matured cheese. The butter market is also steady. There is_ an inquiry for dairy pat butter and bakers mill butter, ■ „

Business in the fruit marts has been quiet during the week. Oranges are now short supply, and a shipme’nt is expected to arrive shortly. Bananas are in good supply, and prices moderate. There is a better inquiry for firstclass dessert and cooking apples. Vegetables are in better supply, but cabbage is short supply. Some fine samples of cauliflowers are- now coming on to the market. There is a fair demand for all good clean lines of fruit and vegetables. The following prices were realised during the week;— Section honey—Choice, 9s; medium, 7s: broken, 4s 3d; 41 b pats, 4s dozen; bulk, 4£d to fid; 101 b tins, 5s 0d; lib pottles, 7s; Sib pottles, 12s 6d. Cabbage, 4s 6d to fis 6d. Cauliflowers, 4s 6d to 12s 6d. Eggs, Is 6d, Is 7d; preserved, Is 3d dozen.

Mutton birds, 10$d. Cheese, medium, 9§d to 10(1 lb. Butter pats—bulb Is 4d, separator Is Bd. Peanuts sd, Brazils lOd, walnuts lOd to Is lb. Bacon pigs—prime 7Jd, porkera 7a, heavy-weights 4d to 6d, Tomatoes—local hothouse Is 2d, Is Gd, Timaru hothouse Is to Is 6d. Apples—Delicious 7s 6d to 10s, Jonathans 6s to 8s Cd, Stunners 7s to 10s, others 4s to 7s. Passions—Australian Sis, New Zealand 6s to Bs. Pears—dessert Winter Coles 7a, dessert Winter Nelis Bs, dessert Inferior 4s, 2s. American Valencias 40s. Victorian Navels, to 21b. Australian lemons, to 255. j New Zealand lemons, 20s. i Lemons, Missions, 565. Mandarines, choice, to 225. Grapefruit, 335. Poorman oranges, 8s to 9s 6d. Bananas—ripe 28s: green 18s. Victorian grapes, 22s 6d. Coconuts, 18s 6d, per sack. Potatoes, £8 10s to £9 10s, Onions, Canterbury, £lO 10s to £ll 10s Ih'ckling onions, 14s cwt. Pie melons, Australian, 14®. Fat, 20s to 22s cwt. Fowl wheat, 6s to 6s 6d per bushel. Bees’ wax, Is Bd. Meatmeal, 12s 6d. Oyster gilt, 7s 6d per 1001 b bag. Oats—A Gartons, 3s 6d per bushel; B Gartons, 3s 2d per bushel. Bran, £7 10s, Pollard, £9, Cow chaff, £4 10s, Lucerne hay, £6 10s. Oatsheaf chaff, £6 to £6 10s. Violets, 3d to 4d bunch. Paper white narcissi, 4d to Bcl. Sol-de-Or, wanted, lOd to Is 2d, Trumpets, Is. NEW ZEALAND APPLES. Pie** Association—ByTelegraph—Copyright, LONDON, August 16. (Received August 17, at 10 a.m.) The Cambridge’s New Zealand apples sold at Liverpool were in fair demand. Px-ices: Doughertys, 13s 6d to 21s; ■Stunners. 14s 6d to 19s; Granny Smiths, 15s 6d to 17s 6d; Statesman, 17s 6d. —Australian Press Association. FOREIGN EXCHANGES. (British Official Wirckw.) Asawiatioa—Bj Toloffrapii—Oopyrijkt RUGBY, August 15.

OPOSSUM SKIN SALE. The Dunedin Stock Agents ami Woolbrokers’ Association reports as follows; At the second sale of the season, held yesterday, approximately 30,U00 skins were offered, a. big proportion of which wore North Island skins; consequently the quality was hardly up to the standard of the first sale. There was again a keen demand, particularly for blacks and browns, winch sold rather higher than last sales’ rates. Blues and greys hardly reached the extreme prices of the first sale, but sold very well, and results generally to trappers must be very gratifying. The top prices were ‘23s 2d eaclx for blues and 23s Id for blacks. The following is the range of prices;— Super-blues, 17s to 23s 2d; first blues, 14s to 18s 6d; second blues, 9s 6d to 14s; super-greys, 17s 6d to 19s 6d; first greys, 12s 9d to 17s; second greys, 8s 6d to 11s lid; super-reds, 12s to i3s 9d; first reds, 9s 9d to 12s lid; seconu reds, 7s to 10s lOd; super-blacks, 19s 0d to 23s Id; first blacks, 15s to 19s; second blacks, 11s to 13s 4d; superbrowns, 14s to 19s; first browns, 12s to 16s 2d; second brow ( ns, 9s to 12s; smai] blacks, 5s to 8s 7d; small greys and blues, 5s to 9s lOd. Thirds and damaged sold at correspondingly lower prices. A. AND T. .BURT, LTD. Tho annual meeting of shareholders of A. and T. Burt, Ltd., was held yesterday in the registered office of 'the company, Stuart street. The directors’ report and the annual statement, of accounts showed that the results of the year’s trading had been very satisfactory. both as to increase in turnover and trading profit. Messrs P, M‘Sbimmlng and Charles Todd, the retiring directors, were re-elected, also the auditors, Messrs James Brown and Co. Sfoiss a &

results obtained were replied to by the chairman, Mr Ales. Burb (on behalf of the Board of Directors), and Mr J. H. Johnson (general manager, on behalf of the staff). LONDON MARKETS, Tho Otago Farmers’ Co-operative Association of New Zealand, Limited, has received the following cable from London :—Butter market quiet, but undertone firm. New Zealand, 169 sto 171 s. There is a better inquiry for cheese. White, 87s; coloured, 50#. Lambs; Tone is poor, due to slow trade and accumulation of stock in store. Mutton is neglected. . . Mr J. Magrath has received the following cable, dated August 15, from his London principals, Messrs Trengrouse and Nathan, Ltd., Tooley street:—Butter : Unchanged and very quiet. Cheese: White, 87s; coloured 90s ; market closed quiet, , The National Mortgage and Agency Company have received the following cable from Londonßutter: Market steady. Finest New Zealand, 170 sto 171 s; first grade New Zealand, 168 s to 1695; Danish, 170 s to 1725; Australian, 163 s to 1675; Irish, 162 s to 1645; Continental market steady. Cheese: Market quiet at the advance. New Zealand white, 87s to 88s; coloured, 90s to 91s; Canadian c.i.f. quotations—Westerns, 86s to 87s; Easterns. 84s to 85b, Dalgety and Co., Ltd., have received the following cable from - their head office, London, dated August 15:—Market for butter steady but quiet. Quotations are: Danish, 170 sto 1725; New Zealand finest, 168 sto 1725; Australian finest unsalted 162 s to 1675, salted 162 s to 1675; Australian g.a.q., 156 sto 160 s Market for cheese not quoted. Quotations are: Australian, white and coloured, not quoted; New ZealandWhite 86s to 87s, coloured 90s to 91s* Canadian —White 86s to 87s, coloured 89s to 90s, c.i.f. 88s. NEW COMPANIES REGISTERED. The latest issue of the 'Mercantile Gazette ’ notifies the registration of the following companies : Lange Electrical Appliance Manufacturing Company of New Zealand, Ltd. Registered July 23, 1929. Capital: 025,000, in 25,000 shares of £1 each. Subscribers: Gore—R. S. Lange 1,000, T. W. Holland 1,000, I. G. M'Donald 500, V. H. Brown 100. F. A. Scott, E. G. Jones 100, D. A. Dunne 100. Objects ; To buv and sell merchandise of any description and generally to carry on the business of agents, warehousemen of all classes of merchandise, and, in addition, to carry on the manufacturing and electrical contracting business of 11. S. Lange. Otago Investment Trust, Ltd, Registered July 29, 1929. Capital: £50,000, in 200,000 snares of 5s eaqli. _ Subscribers: Dunedin—L. D. Ritchie, A. Paterson, C. G. Adess, W. Anderson, A. P. Bremner, C. H. Breeze, A. H, H. Myles, 1,000 shares each. Objects: To advance and lend money on assets of all kinds upon such terms as may be arranged, and generally to carry on business as financiers.

Stella Preserves, Ltd. Registered as a private company August t, 1929. Capital: £3,000, in 3,000 shares of £1 each. Subscribers: Dunedin—T. Somerville. J. M. Fraser, W. Wright, J. Hanlon, W. Ward, J. J. Purdie, D. M. M'Pherson, H. R. Wright, A. M'Kinnon; Wellington—P. R. Baillic, each 300 shares. Objects: Manufacturers, buyers, and sellers of jams, sauces, cordials, etc.

Guys, -Ltd. Registered as a private company August 7, 1929. Capital: £2OO, in 200 shares of £1 each. Subscribers: Dunedin—A, M. Guy 180, R. A. Guy 10, 1. D. Guy 5, C. W. Hannah 5. Objects: Tennis specialists and dealers in sports goods of all kinds. Watt, A. and J., Ltd. Registered as a private company August 8, 1929. Capital: £6,000, in 6,000 shares of £1 each. Subscribers: Dunedin: A. Watt 3,000, J. Watt 2,999, A. J. Watt 1. Objects; To carry on the business of cabinetmakers and general incidental.

Quotations as under;— Sellers. Buyers. & e. d. £ ». d. BANKING— Aus. Bank of Com. 1 14 6 — Bank of Australasia 14 10 0 — Bank of N.S.W. ... — 52 5 U Bank of N.Z. 5 2 9 — Bonk of New Zealand (Long “ D ”) 1,8V 18 9 Commercial Bank ... —- B.S. and A. Bank ... — 8 9 0 National Bank of Now Zealand 6 19 b National Bank of Australasia (cont.) V—J 9 14 6 Union Bank of Australia, Ltd 18 1 0 - INSURANCE!— National Insurance Co 0 16 5 , . Queensland Ins. Co. i 3 e South Brit. Insur, Co. 3 b 6 SHIPPING}— Huddart, Parker (ord.) ... — a 5 6 2 6 6 Huddaa-t, Parker (pref.) w. ' 1 I 0 P. and 0. Def. Stock S 16 € U.S.S; Oo. (i>re&) I 1 © COAL—. Westport Coal Co. ... 1 15 6 X 15 4 Grey Valley ... ... — 1 V ti LOAN AND AGENCY— .Dalgety and Oo. ... is a 6 ti 0 Goldsbrough, Morfc ... 2 8 6 — National Mortgage ... 4 6 0 ... N.Z. Loan and Mercau112 0 0 tile (ord.) N.Z. Loan and Mercan- . tile (pref.) 83 0 0 Perpetual Trustees ... Trustees, Executors ... 3 8 0 . 5 0 6 0 19 a Wright, Steph. (pref.) 0 18 5 BEAT PRESERVING— Goar Meat Co. ‘A 5 6 N.Z. Refrigerating (paid) ... ... ... -y 0 15 a N.Z. Refrigerating y v 4 (cont.) ... 0 V 1) MISCELLANEOUS— Aust,. Iroa and Steel 1 a 9 Brown, Ewing (ord.) .. 1 n 0 — Browr, Ewing (pref.) 10 6 if—5 Bruce Woollen Co.... (ord.) 0 11 0 D.X.C. (ord.) ... ... 0 11 0 D.l.C. (pref.) 1 1 3 Dominion Investments 1 10 0 I 0 ’ Dominion Rubber 110 0 I Ti 0 Donaghy’s Ropa and Twins 1 16 0 Dun.-Kaikorai Trams 1 14 0 Dunlop Rubber 17 5 Eclipse Petrol Kaiapoi Wool, (ord.) 0 6 0 14 0 ♦— Kaiapoi Wool, (pref.) 0 16 0 —- Milburn Lima and Cement (ord.) 1 19 6 E 0 6 Mosgiel Woollen Co. 7 14 0 •— . M'Leod Bros.’ Soap 30 0 0 N.Z. Guar. Corp. 0 9 4 N.Z. Paper Milk ... 10 4 31 0 8 ‘Otago Daily Times’ 3 12 0 — Regent Theatre 1 6 0 •*- Smith and Smith • (pref.) — Wilson’s Portland Cement .. 0 19 « l 0 e 2 4 6 • Farmers’ Fertiliser ... 12 6 BREWERIES— 4 4 ti N.Z. Breweries, Ltd. 4 4 5 ■ N.Z, Breweries Debs. 18 1 1 8 V N.Z. Breweries Stock 18 1 1 8 V Staples’s Brewery ... 2 14 0 2 14 j.1 Dunedin Brewery 1 12 0 “ MINING— Kawarau ... ... ... a 0 5 0 0V Nokomai Sluicingi 0 10 0 — Waihi ... .... 0 12 2 Electrolytic Zin« Electrolytic Zinc t 0 6 2 0 C (def. ord.) , ... ... 2 0 4 Mount Lyoll ... ... 2 3 11 2 4 0 Broken Hill South ... 3 11 0 5 13 b Kildare 0 4 9 0 5 JOkarito ... ... ... 0 1 8p 0 i lOp Winding Creek ... ... 0 1 Op 0 1 6p Ohinemun 0 10 5 — WAR BONDS(Bonds quoted an® £100 Bonds.) 1930 4£ p.c. Bonds • ... 99 0 ( I — 1938 3), p.c. Bonds 100 0 0 100 5 0 1933 54 p.c. S.S. Bonds 101 2 6 100 6 0 1933 41 p.c. Inscribed — 1939 4£ p.c. Inscribed — 100 5 0 1941 44 p.c. Bonds ... 100 0 0 — 1941 5i p.c. Inscribed 99 10 0 — 1930 5i p.c. Bonds 99 0 0 — 1936 &jr p.c. Bonds 101 10 0 1936 54 p.c. Inscribed 101 10 0 —, ■ 1933 5£ p.c. Bonds .99 10 U 1953 p.c inscribed 99 10 0

Aug. 13. Aug.15. Paris, franc. to £1 ... 123.07.5 133.975 Brussels, belgas to 34.88 34.B7 Oslo, kroner to ... 18.20 18.20 Stockholm, kroner to ,£1 ... 18.10 18.10 Copenhagen, kroner to £1 ,,, 18.21 18.21 Berlin, rciclimarken to yH 20.3(1 20,3(1 Milan, lire to ... ... 05.75 92.745 Amsterdam, florin to ... 12.10 12.10J Prague, kroner to ... Geneva, franc to XI ... ... ill n Vienna, schilling to £1 34.42 34.425 Bucharest, let to £1 ... sir 817 Helsingfors, marks to ;£! Madrid, peseta to £i ... ... '& mj33.0(1 Athens, drachmae to ... 37 5 37.5 Lisbon, ■ escudo to £1 ... ... 108.20 108.20 New York, dollar to £1 ... i-m 4.64 13-10 Montreal, dollar to /.'I ... ... 4.S8 4.S7J Buenos Aires pence to oescs 47i 47i Rio do Janeiro, pence ■ to railreis ... • i. Bombay, pence to rupee ... 17 25-32 17 2.5-33 Yokohama, pence to yen Hongkong, pence to dollar ... 2S-8-1C 22^ ... s • 23 £ Shanghai, pence to tael ... 26i