COMMERCIAL

Evening Star, Issue 20422, 1 March 1930, Page 13

COMMERCIAL

THE SHARE MAHKET DUNEDIN STOCK EXCHANGE. No sales took place on the call , this morning, and none '.vero reported. There was a quiet tone all round. Bank of New JSealands were still wanted at 575, sellers asking 57s 6d. For E.S. and A, Banks 86 10s was offered, but the seller was 5s away. National Bank of New Zoalands had a seller prepared to accept £6 la 6d, but the buyer was willing to give only £5 19a 6d. For the preference shares in the Taupiri Coal Company 20s was offered, but no seller was present. Sellers wanted 42s 3d for British Tobaccos. Thirtv-five and threepence was offered for Milburn Limes, while the seller was asking 365. Drug Company shares were in demand at 70s, with a seller at 72s 6d. The mining and Government loan (sections were practically lifeless. Quotations as under;—;

FRtiiT AMD PRODUCE Bray Bros., Ltd., Dunedin, report as follows for week ended to-day:— The chaff market is quiet. Sales are slow and most of the lines coming forward are going into store. Quotations are easy and best lines are selling at £6 per ton, ex truck. The oat market remains steady, and supplies are about equal to the demand. It is expected that when threshing becomes general the market will ease, as the outlet for oats is not very large. Recent reports go to show that there is a good crop. At preseht the f.o.b. values are 4s per bushel for A grade and 3s lOd for B’s. These prices are equivalent to 3s 3d, sacks extra, on trucks, country sidings, and 3s Id for B’s. The wheat market is steady. Millers are not operating to any extent. Prices are ruling round about 5s 9d per bushel, sacks extra, ex, truck, for Tuscan, 5s lid for Hunters, and 6s 2d for Velvet, The fowl wheat market is quiet. There is a downward tendency in Canterbury, and best lines are selling locally at 6s 6d to 6s 9d per bushel, sacks extra, ex truck. Millers’ prices are as follows :

Flour—2oo’s, £l6 lps; 100’s, £l7 15s; 50’s, £18; 25’s, £lB 10s. Bran, £7 10s.

Pollard, £9. Oatmeal.—2s’s, £25 10s; 200’s, £24 10s.

The potato _ market is easier. Supplies are coming forward more freely, but most of the lines are showing signs of blight and have to bo forced on the market. Good lines are worth up to Cs 6d per cwt, but inferior lines are selling from ss. Better quality will bo offering as the crops mature. The onion market is easy. Large quantities have come forward from Canterbury, and growers complain now that prices are too low. Best lines are selling at 7s 6d per cwt. The egg market is steady. Supplies are coming forward freely, and all lines are readily cleared. New season’s honey is now coming on to the market, and some lirst-class samples are offering at 5d per lb. Reports go to show that crops are not as good as usual, and there is every likelihood of prices firming. The cheese market is steady, and there is a good inquiry for old matured cheese. Hams and bacon are in good supply and the market firm.

Business in the fruit marts lias been brisk during the week. Bananas and oranges are now in short supply. New season’s apples are coming forward more freely, and some fine samples of Cox’s oranges are now offering. Cooking apples are also offering more freely, and the markets are easing. Plums, peaches, and apricots are coming forward, and apricots in particular have been in short supply. Tomatoes are offering freely, and prices have come back. Hothouse grapes have come forward from Kakanui and Canter bury, and prices have eased. Raspberries and loganberries are now finished, but blackberries are offering Jam plums are in good supply, and prices are low. Vegetables are offering freely, and prices are low. Honey, 5d lb; I.olb tins, os 6d to 6s; 51b tins, 3s 6d; sections, choice, 12s dozen Mushrooms, 5d to lid lb. Spring onions, ?Jd. White turnips, 3d. Cabbage, Is to 3s Cd. Cauliflowers, 3s to 0«. Lettuce, Is to 3s 6d dozen; sjnaH, ‘id to 8d dozen. Marrows, 10s to 12s. Radish, Is dozen. Cucumbers, 6s to Ss dozen. Carrots, 7s to 8s cwt. Peas, to 2Jd lb. Broad beans, 2d to 2sd lb. French beans, 21d to 3Jd lb. Rhubarb, 2d to 3d lb. Potatoes, £5 10s to £6 IPs*

Onions, Canterbury, 8s to 9s. Oyster grit, 8s 6d. Fat, 18s to 27s 6d. Oats. —A Gartons, 3s 9d; B Cartons* 3s Cd per bushel. Fowl wheat, 6s 6d to 6s 9d pot bushel. Bran, £B. Eggs, Is 6d, Is 6d. Mutton birds, lOd. Butter pats, bulk, Is 3d, Is sd. Bacon Figs.—Prime, 8d; porkers--BJd; heavy-weights to 6d. Bacon, Hitehon’s, Is 3d. Beeswax, Is 7d. Cheese, medium, Bsd to 9d. Peanuts, sd. Walnuts, 9d. Gooseberries, lid to 2Jd; jam. Id t* 2d. Grapes, locals. Is 4d, Is 9d. Apricots, 7s to 9s case; in crates, skl to 7*d lb. Peaches, 5s to 8s 6d case; in crates, 4Jd to 7Jd lb. Raspberries, 10s to 12s 6d bucket £ in pottles. Is to Is 2d lb. Nectarines, crates 4£d to 8d; cases, 4s to 6s. Cherry plums, 2d to 3d lb. Plums, dessert, 2jd to 7Jd lb. Christchurch tomatoes, 2fd to 6d lb.; Local tomatoes, 4d to 7d lb. Apples, dessert, 9s 6d to 14s. American navels, 435. Australian Valencias, 22s 6d. Lemons.—Missions, 70s; Australians, 355; New Zealand, 245, Cocoanuts, 16s. Pines, 27s 6d. Grapefruit, 455. Bananas, ripe, 375. Bananas.—Ripe, STs; Samoan, 255; Niue Island, 225. FOREIGN EXCHANGES. (British Official Wireless.) Press Association—By Telegraph—Copyright) RUGBY, February 27.

DAIRY PRODUCE. Amalgamated Dairies, Ltd., report the receipt of the following cable, dated February 27, from their London office: —“Butter, Anchor, 148 s, other finest 144, 1465; market very quiet; Danish, 1655, f.o.b. Cheese, white 87s, coloured 86s, market steady.” METAL MARKET. Press Association—By Telegraph—Copyright* LONDON, February. 27. Copper: Spot, £69 3s 9d; forward, £6B 11s 3d. Electrolytic: Spot, £B3 10s; forward, £B4 ss. Wire bars, £B4 ss. Lead: Spot, £l9 15s; forward, £l9 10s. Spelter; Spot, £lB 6s 3d; forward, £lB 17s 6d., ■ Tin; Spot, £l7l Ss 9d; forward, £173 16s 10Jd. Silver: Pine, 19 .Tl-16d; standard, 2iid. • BRITISH CONVERSION DOAN. Frws Association—By Telegraph—Copyright, LONDON, February 27. In the House of Commons Mr Philip Snowden (Chancellor of the Exchequer) said that no part of the conversion loan would be privately underwritten. Tho cash responses were so satisfactory that the list was closed this afternoon, but part will remain open for a few days. .WHEAT MARKET. tress Association—By Telegraph—Copyright, CHICAGO, February 27. Wheat prices jumped in a session whicli was dominated by news of the Farm Board buying. The rise was steady throughout the day, with the exception of a temporary profit-taking period. A similarly optimistic tone was observed on all American markets where the sessions were under the domination of the bullish Farm Board news.

Chicago wheat closed: March, 109 J cents per bushel; May, 113|; July, 113£; September, 115 f, • February 27. Wheat: Cargoes, in sympathy with the better closing American prices, were steadier, sellers asking 3d to 6d advance. Trading -was active. Parcels were in fair request at 3d to 6d higher. Futures.—London: March, 36s 8a; May, 37s Id. Liverpool; March, 7a 9|d; Mav, 8s Ifd; July, net cash, Ss 4Jd. * . Spot trade is dull, prices being mostly lower. Australian, ex ship, 425. Flour is slow. Australian, ex store, 32s 6d. Oats and peas are quiet, and beans are steady.

COMPANY REGISTERED. The latest issue of the ‘ Mercantile Gazette ’ notifies the registration of tbe following company Hatton’s Confectionery Co., Ltd, Registered as a private company, February 17, 1930. Capital: £2,100 into 2,100 shares of £1 each. Subscribers; Dunedin—Oswald M. Smith and Co., Ltd., 2,093. O. M. Smith 1, G. A. Donnelly 1. Objects: To take over as a going concern tho business of confectionery manufacturers at present carried on by Hatton and Co., Ltd. CUSTOMS RETURNS. AUCKLAND, February 28. The Customs and Excise duties collected in Auckland during February show increases of £6,074 and £l7O respectively on the totals for the same month last year. Customs amounted to £185,981, against £179,936; motor spirit £29,143, ‘against £26,445; motor tyres £1,506, against £4,175; and dxcisa on beer £9,830, against £9,660. CHRISTCHURCH. February 28. Customs duties lor the month of February received at Christchurch .totalled £86,588. and for February, 1929, £87,297. For the eleven months ended February 28, 1930, the figures were £1,088,394, and for the eleven months ended February 28, 1929, £962,827.The beer duty for February, 1930, totalled £6,733, and for February, 1929, £6,844. The figures for the eleven months ended February, 1930, were £82,956, and for the eleven months ended February, 1829, £78,486. The motor spirit tax for February, 1930, totalled £10,624, and for February, 1929, £12,086.

Buyers. Sellers, BANKING - Australian Bank of £ s. d. £ B. d. Commerce 1 4 0 — Bank of Australasia 11 15 0 — Bank of N.S.W. ... — 40 15 0 Bank of N.Z 2 17 0 2 17 6 E.S. and A. Bank 6 10 0 6 IS 0 Nat. Bank of N.Z. Union Bank of Aas5 19 0 6 1 6 tralia, Ltd. ... ... INSURANCE— IE 3 0 National Ins. Co. SHIPPING— 0. .14 0 Burns, Philp ••• ~ Huddart, Pa'rker 1 K 0 — (ord.) Huddart, Parker — 116 9 (pref.) ... ... ... 1 0 0 — U.S.S. Co. (preB) . £ COAL— 1 0 0 1 1 0 Kaitaugata Coal ... 0 9 0 -r Taupiri Coal (pref.) LOAN AND AGENCY— 1 0 0 Goldsbrough, Mort — 1 IS 0 Perpetual Trustees 3 8 0 — Trustees, Executors MEAT PRESERVING— N.Z. Refrigerating 3 0 0 0 IS (paid) N.Z. Refrigerating 0 1-1 8 9 (cent.) MISCELLANEOUS— 0 5 10 0 6 I British Tobacco — 2 2 3 Brown, Ewing (ord.) Bruce Woollen Co. 1 0 0 (ord.) — 0 13 0 Crystal Ice Co. — 1 7 6 D.I.C. (ord.) 0 11 0 — Dominion Rubber ... : — 1 8 0 Dunlop Rubber - Milburn Lime and — 1 0 9 Cement (ord.) ... 1 15 3 1 16 0 N.Z. Drug Co. N.Z. Drug Co. (new, 0 9 6 0 10 9 fully paid) 3 10 0 3 12 6 N.Z. Guarantee Cor. — 0 8 6 N.Z. Paper Mills ... Wilson’s Portland —* 1 0 6 Cement — 2 0 0 Earners’ Fertilisers BREWERIES— “ 1 1 9 N.Z. Breweries, Ltd 4 0 6 — Staples’. Brewery Timaru Brewery ... USING— 2 7 0 — 0 15 0 0 16 0 Eawarau 0 0 4 0 0 6 Waihi ... ... *. — 0 14 0 Mount- Lyell — 1 13 6' Paddv’s Point ... ... 0 3 6 0 3 10 Big Beach ... ... ... 0 4 6 — Kildare 0 0 7 0 1 3 Qkarito 0 0 WAR BONDS (Bonds quoted are £100 Bonds) — 6p 0 1 5p 1938 4j p.c. Bonds — 99 0 0 1939 p.c. Bonds — 9® 0 0 1938 4J- p.c. Ins. ” 90 0 0

Feb. 23. Feb. 27. Paris, franc to £1 ... ... fe*. 124.22 124.26 Brussels, belgas to £1 ... ... 84.885 34.885 Oslo, kroner to £1 ... ... 18J8 18.176 Stockholm, krone* to £1 ... 18.12 18.11 Copenhagen, kroner to ;£! ... 18.155 18.16 Berlin, relchmarken to £1 ... '20.365 20.37 Montreal, dollar to £1 ... ... — 4.89 New York dollar to £1 ... 4.86 1-3J lire lo £1 ... 92.76 Amsterdam, florin to £1 ... 12.12 J 12.12| Prague, kroner to £1 ... Geneva, franc to £1 ... ... 1641-5 25.195 MS* Vienna, schilling to £1 ... 34.51 34.515 Helsingfors, marks to £1 , 193^ Madrid, pesetf to £1 ... 30.025 Athens, drachmae, lo £1 375 375 Lisbon, escudo to £1 ... ••• 108.25 108.25 Bucharest, lei to ... 818 818 Rio d - Janeiro, pence to . milrcis ... ... 519 33 5.9-16 Buenos Aires, tence to peso. 42| 425-16 Shanghai, pence lo tee! ... 23J 23 Yokohama, oence to yen •.« 24 9-32 24 9-32 Hongkong, pence to dollar 18* •18 Bombay, pence to rupee ... 17 27-32 17 27 32 Batavia, florin to £] ... ... — —