COMMERCIAL

Evening Star, Issue 20310, 19 October 1929, Page 13

COMMERCIAL

THE SHARE MARKET DUNEDIN STOCK EXCHANGE. A sale was reported this morning in Dun-edin-Kaikorai Trams at 345. Bank of Now Zealand shares have, improved to buyers ot 60s 3d, with sellers holding off at 60s 9d. National Bank of New Zealands had also a buyer at £6 14s 6d, with no declared seller. The insurance, section was rather quiet. Buyers offered ,16s 5d for Nationals, with sellers prepared to accept 16s 9d. Westport Coals were wanted at 34s 6d, with no support from sellers.. Gear Meats closed the week with buyers at 445, sellers asking 44s 9d. Very little business has been done in New Zealand Refrigerating shares during the week, the market closing with buyers at os 9d and sellers at 6s. Dominion Rubbers appear to have come ia for a little more support, buyers offering 28s at the closing call for the week, with no sellers. After business in Dunedin-K&ikorai Trams at 34e buyers were prepared to give 33s 9d, with no seller under '34e 6d. Very Tittle alteration was made in brewery shares during the_w6cfc. Sellers were prepared to accept 3os oa lor DuncdinS, without any buying quotation, A better tone was noticeable m Mount Dyells, buyers coming m at 425. Kildares have shown a marked: improvement _ during the week; and buyers are now offering 4s, with sellers asking 4s 3d. Stony Creek gold mining shares, which were just listed this mominv had buyers at 5d premium and sellers at 7d premium. These shares are only paid UP Sal°o : Dunedin and Kaikorai Trams £1 14s.

FRUIT AND PRODUCE Bray Bros., Ltd., report as follows for the week ended to-day:— The dry weather being experienced throughout the South Island has caused millers to pay more attention to the wheat still remaining in the stores. A fair amount of buying is also taking place from Canterbury and Otago fanners of next season’s crop. This business is chiefly with Canterbury farmers, as there will not be a great deal of wheat available from the Otago district. The backward weather through the season prevented the usual amount of wheat being planted._ There are now few stocks of good milling old, season’s wheat in the local stores. The free wheat has been practically all cleaned up, and any good lines of pool wheat are being taken over by millers. Lines of doubtful quality are being worked off as fowl wheat, stocks of which are now getting into small compass. Best quality fowl wheat is quoted at 6s Id per bushel, sacks extra, ex store. Milling prices are unchanged at 5s 9d, sacks extra, on trucks country sidings, Hunters 6s, and Velvet 6s 3d. The oat, market remains quiet, and little business is passing. Stocks are on the light side, and these will be required for the local demand. There is no shipping demand at present, and millers are holding sufficient stocks to keep them going till the new season’s oats come on the market. Quotations are already being made for delivery next season, A’s being named at 3s 6d, fo.b.s.i. spread delivery, April to September. The present nominal values are 3s 7sd f.o.b.s.i. for A’s, and 3s 6d for B’s. These values nr© equivalent to 3s Id and 2s lid respectively on trucks, country sidings, sacks extra. No alterations can bo recorded in the chaff market. Supplies coming to hand are sufficient to meet the demand, which is quiet for this time of the year. Best quality is selling at £6 per ton, sacks extra, ex truck, and £6 5s ex store. The shipping market to the North Island from Canterbury is quiet, caused no doubt to some extent by the importation of Tasmanian chaff to Auckland. The seed market is quiet, the only business gqing through being with the retail houses. This' trade, however*

has been affected to some' extent by the prevalent dry weather, and rain is now badly wanted 1 in _ the South Island districts. A break in the weather would at once cause an increase in the demand.

Millers’ prices are as follows: — Flour.—2oo’s, £lO 15s; 100’s, £l7 15s; 50’s, £18; 25’s, £lB 10s. Bran, £7. Pollard, £8 10s. Oatmeal—2s’s, £25 10s; 200’s, £24 10s.

Increased inquiries are being expert enced for potatoes, particularly from the East Coast of the North Island. Tho demand has been in exocss of offerings, as holders are still inclined to wait and see if they can .obtain prices which were ruling earlier in tho season. As a result of the local support: in the demand prices have firmed in the north, and the advance has been effected in the local market. Best quality freshly picked lines “are saleable at round about £9 5s to £9 15s, sacks inincluded, ex truck. Supplies of apples have eased off considerably, and prices are now .firmer. The Canadians are not expected until about , the'second week in November. These supplies should firm prices for local grown, A few small choice lines are arriving from Canterbury and realising satisfactory prices. A few lines of pears are still arriving, also from the same district.

The Karetu, which arrived from Sydney during the week, brought supplies of mandarins, passions, pines, and marrows, and also a small line of oranges. The mandarins were condemned by the Agricultural Department on account of them being affected with fruit fiy. The Manuka arrived on Tuesday with a small shipment of Victorian 'oranges and navels. These found a ready market. Lemons are still short in the wholesale hands, and supplies are practically confined to New Zealand grown. The Waikonaiti arrived from Sydney yesterday, and her consignment of mandarins, ranges, and pines realised high prices. It will b© difficult for the retailer to make any profit out of this ■ shipment. Hothouse-grown tomatoes are now arriving more plentifully from Christchurch. Supplies are fully a fortnight before the usual time, tailing the date of the first arrivals last year as a guide. The Maui Pomare arrived at Dunedin direct from Samoa on Tuesday last. She landed 2,500 cases for the Dunedin market, and they arrived in excellent condition. The whole shipment was sold to the local retailers at a fixed price of 19s per case. Cauliflowers are now arriving more freely from the Taieri, Oamaru, and Willowbridge districts, and prices have eased as a consequence. Cabbages are scarce, and high prices are ruling. Lettuce are arriving in larger quantities, and prices have eased. The same applies to rlmbarh. Carrots are in short supply. Parsnips and Swedes do not meet with much demand. The egg market remains steady, and honey,; butter, and ebeese are meeting with ready sales. The following prices were realised during the week: — Bulk honey, lb; 101 b tins, 5b to 6s. Cabbage, 4s 6d to 7s bag,. Cauliflowers, 3s 6d to 11s bag. Lettuce, 2s to 4s 6d dozen. Asparagus, 9s 6d to 14s dozen. Christchurch tomatoes, 2s Cd to 3s lb. Peas, Is 6d to 2s. Rhubarb, to 3d lb. New potatoes, Is 3d lb. Eggs, Is 2d, Is 3d. Mutton birds, lOd. Butter pats, bulk. Is 4d, Is Bd. Bacon (Hitchon’s), Is 2d. Bacon pigs, prime, 8d; porkers, 9d; heavy-weights, to 6d. Beeswax, Is 7d. Cheese, medium, 9d to lOd. Peanuts, 5d lb. Walnuts, lOd to Is. Tomatoes, Rarotongan, 8s to 10s 6d case. Apples: Delicious, 10s to 15s 6d; Jonathans, 9s to 11s; Stunners, wanted, 10s to 15s; others, 3s to 6s; cooking, 7s 6d to 10s 6d. Dessert pears: Winter Coles, 9s to 12s; Winter Nelis, 9s. Cooking pears, 6s. American grapes,_27s 6d. 325. American Valencias, 42s 6d. Australian passions, 23s 9d. Victorian navels, 275. _ Victorian navels, specials, 30s. Lemons; Missions, 70s; Australian, 30s: New Zealand, 20s to 255. Mandarins, choice, 28s. i Grapefruit, 40s. Bananas, ripe, 30s. Potatoes; Canterbury, Outram, and Oamaru, £9 10s; repiclm-’ £lO 10s. Potatoes, seed, 4s 6d to 20s. Onions: Japanese, 235; American, 245. , Swedes, 3s cwt. Oyster grit, 8s 6d. Fat, 18s to 27s 6d: Oats: A Gartens, 3s 9d; B Gartons, 3s 6d per bushel. Oatsheaf chaff, £6 10s per ton. Cow chaff, £4 10s per ton. Lucerne hay, £6 1 Os per ton. . Violets, 2s to 3s dozen. Narcissi, 2d to 3d. Trumpets, 2d to 4d. Anemones, 3d to 4d. BETTER AND CHEESE. The Otago Farmers’ Co-operative Association of New_ Zealand, Ltd.,' has received the following cable from London:—Butter: Demand very limited. Sellers showing some weakness owing to absence of trade. Present prices: New Zealand, 179 s to 184 s; Cheese; Very little demand, 9s. , Messrs Dnlgety and Co., Ltd., have received the following rtiarket report from London, dated _ October 17-': Market for butter quiet. Quotations are as follow:' Danish butter, 196s' to 198 s ,* New Zealand finest, 178 s to I83s; Australian finest, unsalted, 186 s to 190 s; Australian, finest, .salted,. 176 s to 180 s; Australian g.a.q., 170 s to 1745. Market for cheese very slow. Quotations are as follow; Australian cheese, white, not quoted; Australian cheese, coloured, not quoted. New Zealand cheese, white, 93s to 945; New Zealand cheese, coloured, 92s to 935; Canadian cheese, white, 95s to 975; Canadian cheese, coloured, 94s to 965; Canadian cheese, c.i.f., 93s to 955, . OVERSEAS TRADE FIGURES. [Per United Press Association.] WELLINGTON, October 18. The following statistics are available regarding the overseas trade of New Zealand for the month of September, 1929: — The exports amounted in value to £2,532,543, while for the same period the imports were valued at £6,082,319. For a similar period in 1928 the figures were: Exports £2,592,533, imports £4,147,742. For the nine months ended September, 1929. the figures were £45,654,779 and £36,354,414 respectively. For tho nine months ended September, 1928, the figures were £45,668.927 and £33,041,495 respectively. WHEAT. FLOUR. ETC. Press Association—-By Telegraph- -Copyright LONDON, October 17Wheat cargoes are depressed at fully Is lower, but buyers are > indifferent owing to the weakness of the American i

Plate cables. Parcels are offered at Is to Is 3d lower, but without attracting attention. Futures; London—October, 49s 9Jd; November, 49s XOd; December, 50s 4d; January, 51s. Liverpool—October, 8s llfd; December, 9s March, 9s 10|d; May, 10s l£d. Spot trade is barely steady. Australian, ex ship, 47s 6d. Flour is steady. Australian, ex store, 35s 6d. Oats are lower and beans quiet. Peas are steady. Tasmanian Maples, 75s to 80s; New Zealand Partridge, 60s to 67s 6d.—Australian Press Associa-tion-United Service. METAL MARKET. Pres# Association—By Telegraph—Copyright, LONDON, October 17. Copper; Spot, £72 9s 4£d; forward, £73 Is 3d. Electrolytic; Spot, £B4; forward, £B4 10s. Wire bars, £B4 10s. Lead: Spot, £23 6s 3d; forward, £23 5s Spelter; Spot, £22 7s 6d; forward, £23 7s Gd. ' , „ Tin: Spot, £lB7 16s 10id; forward, £192 2s 6d. Silver: Fine, 23d rcr oz; standard, 24 3-16d.—Australian Press Association. FOREIGN EXCHANGES. (British Official Wixelesa.) P«m* Association—By Telegraph—Copyright,

EXPERT ADMINISTRATION OE TOUR ESTATE, This is the era of specialisation—excellence iu any particular walk of life demand* it. The advantages of leaving administration of your estate in the hands of a company specialising in trustee work-The Trustees, Executors, and Agency Co. of N.Z., Ltd.— are widely recognised. Naming “The Trustees, Executors" a* your trustee and executor is an assurance that your affairs will be economically, efficiently, and impartially managed. Then, too, consider the inestimable advantages of permanency offered by the Company. Nothing can happen which i* likely to prejudice the careful and continuous administration of your affairs. No private trustee can guarantee this. He is liable to all the sicknesses and temptation* to which man is heir. He may desire to travel. Death may intervene. All these eventualities would seriously prejudice the welfare of your estate. Fullest information gladly supplied. Address; Corner Bond and W atcr streets, Dunedin. E. B. CLOWES, Manager.—[Adrt.J

Quotations as under Buyers. Sellers. £ 8. d. £ A. ct. BANKING— 0 Aust. Bank of Com. — i 14 Bank of Australasia ... 0 3 i* £ 6 Bank of New Zealand 3 3 0 8 9 Commercial Bank 1 6 E.S. and A. Bank ... 7 19 6 3 ' 2 0 National Bank of New 6 Zealand g 14 . National Bank of Aus 9 0 tralasia (cont.) — 3 Union Bank of Aus0 tralia, Ltd. ... ... ■— 14 10 INSURANCE— National Insur. Oo. 0 16 S 0 16 9 6 Standard Insur. Co. ... *— O o SHIPPING— 1 0 U.S.S. Co. (nref.) ... 9COAL— '6 Westport Coal Co. ... 1 14 *■“ LOAN AND AGENCY— 14 a 6 Dalgety and Co. — 2 ■7 National Mortgage ... 8 ’ 4 / Perpetual Trustees ... I 0 Trustees, Executors ... 3 0 0 Wright, Stephenson 9 (pref.) — 0 17 MEAT PRESERVING— Gear Meat Co. ... ... 2 4 0 2 4 9 N.Z. Refrigerating (paid) ... N.Z. Refrigerating (cont.) 0 5 9 O 13 0 6 9 0 MISCELLANEOUS— 6 Aust. Iron and Steel — 1 2 Brown, Ewing (ord.) 1 10 6 — D.I.C. (ord.) 0 12 Op — D.I.C. (pref.) 1 1 6 — Dominion Rubber 1 8 0 — Dunedin-Kaikorai 6 Trams ’ 1 13 9 1 14 Xaiapoi Woollen 0 (oid.)_ ... — O 14 Kaiapoi Woollen 0 (cont.) ... . 4 3 Milburn Lime and Cement (ord.l 1 17 0 — Mosgiel Woollen Co. 7 15 0 — National Electric 0 9 0 — N.Z. Drug Co. 3 15 6 — 8 N.Z. Paper Mills ... — 1 0 ‘ Otago Daily Times’ — 3 lb 0 Smith and Smith 0 (pref.) 0 19 —, Wilson’s Portland Cement Farmers' Fertilisers ... . 2 3 2 6 1 1 S 1 6 Auckland Gas 1 4 6 — Christchurch Gas 1 6 6 BREWERIES— N.Z. Breweries, Ltd. — 4 10 0 N.Z. Breweries Debs. — X 9 6 Staples’s Brewery ... Timaru Brewery 2 15 6 2 14 a 0 15 0 — Dunedin Brewery — 1 lb 6 MINING— Nokomai Sluicing 0 15 0 *— 6 Waihi ... ... ... ... 0 13 3 0 13 Electrolytic Zinc (pref.) 1 14 9 — Mount Lyell 2 2 0 — 0 Mount Isa — 1 lb Stony Creek ... ... 0 0 5p 0 0 7p Big Beach — 0 0 U Kildare 0 4 0 0 4 0 Okarito ... 0 1 3p 0 1 9p Winding Creek 0 0 9p 0 1 Op Winding Creek (paid) 0 1 5 0 1 y WAR BONDS (Bonds quoted are £100 Bonds)r— 0 1930 41 p.c. Bonds 99 5 *— 1958 4| p.c. Bonds 100 0 0 — 1939 4i p.c Bonds 100 0 0 — 1933 5* p.c. S.S.-Bonds 101 0 0 — 0 1938 4j p.c. Insc, 100 0 0 100 10 1939 4£ p.c. Insc. 100 0 0, 0 1933 Sip.c. S.S. Insc. — 101 10 19414i p.c. Bonds 100 0 0 — 0 19415i p.c. Insc. 99 5 0 100 0 1930 54-p.c. Bonds ... 99 0 0 — 1956 5j p.c. Bonds 101 5 0 — 1936 p.c. Insc. 101 5 0 1933 54 p.o. Bonds 99 10 0 1933 54 p.c. Insc. 99 10 0 —*■

RUGBY, October 17. (Received October 19. , at 1 a.m.) Oct. 15. Oct. ir. Paris, franc lo £X ... 123.875 123.875 Brussels, bclgas to ... ... 31.865 34.875 Oslo, kroner to £i 18.205 28.21 Stoskholm, kroner to ;£1 ... 18.135 18,135 Copenhagen, kroner to j£,l ... 18.205 18.23 Berlin, rcichmarken to £1 ... 20.405 20.405 Milan, lire to ... ... ... 93.005 93.015 Amsterdam, finrin to £1 ... 12.09| 13.09 JPrague, kroner to .£1 ... Geneva. Iran® to £l ... ... 25175 Vienna, schilling to £1 ... 34.02 34.03 Bucharest lei to £X ... 817 Helsingfors, marks to £1 ... IfX1931 33.98 Madrid, peseta to £1 ... ... 33.75o 375 Athens, drachmae to_ £X ... 375 Lisbon, escudo to iji ... ... 108.25 108.25 New York, dollar to £1 ... 1.86 13-16 4.87 1-33 Montreal, dollar to £1 ... ... — a* Buenos Aires, pence to pesos 17 3-32 Rio de Janeiro, pence to m.ilreis ... ... 51 ‘ SiBombay, pence to rupee ... 17 *7-32 17 27-32 Yokohama, pence to yen ... 23 13-32 23 19-33 Hongkong, pence to dollar ... 21 21 Shanghai, pence to tael ... 201 26 Batavia, florin to £X ... ... 13.13 12.13J