COMMERCIAL

Evening Star, Issue 20428, 8 March 1930, Page 13

COMMERCIAL

JH€ SHARE MARKET

DUNEDIN STOCK EXCHANGE.

A much brighter tone was noticeable on the Exchange this morning. Quotations were more numerous than usual, while Government Bonds and Stock (which have been neglected by buyers for some time' past) came in for good inquiry. Bank of Now Zealands improved to buyers at 57s and sellers at 57s 6d. Union Banks were wanted at £l2, with sellers at £l2 ,3s. Buyers were prepared to give 14s Id for - National Insurance, but sellers-required 3d more. N.Z. Refrigerating shares improvedslightly, and there was a buyer of Mosgiel Woollens at £6 15s. N.Z. Breweries could have been sold at 80s 9d, but the lowest seller was 81s 6d. Buyers predominated in the War Bonds section, there being sellers of tax-free stock only. Sales Reported. N.Z. Refrigerating (emit.), 5s 8d; N.Z. Breweries, £4 Os JC |3ale on • ’Change.—-Commercial Bank, £1 ls.9d.

FRUIT AND PRODUCE

Bray Bros., Ltd. (Dunedin), report us follows for week ended to-day: Tho chaff market is very quiet. Sales are difficult to make/and best quality has been selling at £5 10s to £6, sacks extra, ex truck. There is a fair quantity of chaff offering from the surrounding districts. During the week the market lor oats eased. There is no demand from the North Island merchants. Threshing has now commenced, and the yield promises to be good. Values to farmers arc ruling round about 3s 3d, sacks extra, on trucks, for A grade, and Js 9d for B grade. _ The wheat market it steady, threshing of early sown wheat has now commenced in some parts of the district. The market conditions are unaltered. Millers are not purchasing to any extent. Prices are considered to be high, and no advance on the present price can be expected. The present price rules at 5s 9d, sacks extra, on trucks, for Tuscan; 6s for Hunters; and 6s 3d for Velvet. The fowl wheat market is steady. At present stocks are short in Dunedin. Up to 6s 6d is obtained for good quality. Millers’ prices are as follow:—Flour, 200’s £l6 15s, 100’s £l7 15s, 50’s £lB, ,25’s £lB 10s. Bran, £7 10s. Pollard, £9. Oatmeal, 25’s £25 10s, 200’s £24 10s. The potato market is easing. I air quantities are coming forward, and best lines are selling up to £6 per ton. A fair amount of blight is developing m some of the early potatoes, and these have to be farced on to the market. Everything points to tho market keeping steady. The onion market lias eased. Large quantities have come forward from Canterbury, and prices are now too low for the grower. Best quality is offering on the market at 7s per cwt. The quotation from Canterbury is £i to £4 10s per ton, on trucks. The egg market it steady. All lines coming forward are readily _ placed. New season’s honey is, now offering, and some fine samples have come forward. It is reported that crops are not up, to the usual, and the price may firm. Haras and bacon are in good supply, and the market steady. Cheese is offering freely, and prices moderate. There is a demand for old matured cheese. Dairy pat butter is inquired for. ' Business in the fruit marts lias eased off. Stone fruit is not now so plentiful. Some fine samples pf plums, peaches, and apricots are still offering. Raspberries are still offering, and tho price has advanced. Blackberries arc now coming on tho market. A shipment of Samoan bananas came on to the market, and these were readily taken up by the retailers. Prices ,were high, and the bananas arrived in very fair condition. Apples are offering more freely, and some_ fine samples of Cox Orange are coming forward. These are meeting with ready sales. Crops are reported to he better than usual, and large quantities will bo expected. Oranges are short supply. Lemons are in good supply. Vegetables are offering freely, and prices low. Tomatoes have finned up in price this last day or two, and supplies are bn the short side. There is a fair demand for 'all good quality fruit and vegetables, and the

following prices were realised during the week; — Honey, 5d lb; XOIb tins, 5s 6d to 6s; 51b tins, ,3s 6d; sections, choice, 12s dozen. " ' , . ~ Mushrooms, 10Jd to Is lb. Spring onions,' Lid. . White ‘turnips, 2d. if , > ; Cabbage, 2s. to 4s sack. Cauliflowers, ~4s to 6s sack. Lettuce, 2s Cd to 4s 6d dozen; small, Is to 2s dozen. Marrows, 7s to 8s cwt. Radish, Is dozen. ;, Cucumbers, 7s to 12s dozen. - Carrots, Cs to 8s cwt. Peas LVd to 2kl lb. Broad beans, 3|d'lb French beans, _2td to 3id lb. Rhubarb, 2d to 3d lb. Potatoes, £5 10s to £6 10s. Onions.— Canterbury, 7s to Bs. Oyster grit, 8s 6d. Fat, 18s to 27s 6d. Oats. —A Cartons, 3s 9d; B Cartons, 8s 6d per bushel. , Fowl wheat, 6s 6d to 6s 9d per bushel. ■ Brail, £3. ■ ■ , Ejtcts, Is sd, Is 6d dozen,Mutton birds. lOd. Butter pats, bulk, Is 3d Is sd. Bacon Pigs.—Prime, 8d; porkers, Sd; heavy-weights, to 6d. > Bacon.— Hitchens* Is 3oBeeswax, Is-7d. . , Cheese.— Medium,. Sid to 9(1Peanuts, scl. Walnuts, Shi. • - 1 . , + • Gooseberries,- 14d to 2d; jam, Id to 2d. Grapes, Is lid to Is 6d Ibi Apricots, 7s to 9d case; in crates, lid to 6Jd lb. ' . Peaches, 5s to 8s 6d base; in crates, 3li Ra t spberries,‘ 8s 6d 10s 6d bucket. Nectarines.-—Crates, SJd to lb; cases, 4s to 6s. _ Cherry plums, 4s 6d to os 6d case. Plums.—Dessert, 21 d to SJd lb. Christchurch tomatoes. 2M to od lbLocal tomatoes, Id to 6id lb Appies.—Dessert, 9s 6d to 12s 6d. American navels, 435. . Australian Valencias. 22s Gd. Lemons. —Missions, * Os; Australian, 355; New Zealand, 245. Cocoanuts, 16s, Pines, 27s 6cl. Grapefruit, 455. . Bananas. —Ripe, 3/s; green, 30s. BUTTER AND CHEESE. The South Island Dairy Association has received the following market report from the New Zealand Produce Association, London :• —Butter, 138 s 140 s; unsalted, 148 s -to 1565; Danish, ]G4s to 1665; market very slow. Cheese: White and coloured, 82s to 83s; market quiet. WIRELESS DIVIDEND. At the meeting of the Board; of Amalgamated Wireless (Australasia), Ltd on March 4, the directors declared an interim dividend at the rate of S per cent, per annum on the paidup capital of the company in respect of the six months ended December 31 last.

WHEAT, FLOUR, ETC. PrMt AsvtcinMon— Bj Ttiegrj^li—CojmigH LONDON, March 6. Wheat. Cargoes are steady and parcels quiet at 3d to 9d decline. Futures: London—March, 35s 9d; Mav, 36s Id. Liverpool—March, 7s Cjd"; May, 7s 10 3-8 d; July, Ss Old net cash. Spot trade is dull., 'Australian, ox ship, 435. ■ Flour is slow. Australian, ex store, •32s- 6d.' ’ - - ! ! ■ '■ ; ' . 1 Oats are tending downwards. Australian Algerians, 16s to 18s; A Gartons, 18s to 20s. p eas .—Blues are slow. Tasmanian, 260 s to 280 s; New Zealand, 2-10 s to 2605. • Maples are steady. Tasmanian, 60s to 62s 6d; New Zealand,! 50s to 555. Beans are quiet.. New Zealand, 40s to 425., ,

NEW COMPANIES REGISTERED, Strang Ufton Agency, Ltd. ■ registered as a private company, Eebru-i ary 19, 1930. ; : Capital: £I,OOO, into 1,000 shares 6f £1 each. Subscribers: Dunedin —G. «T. Strang 350, d. Helnikey 350, 0. B. Ufton'3oo. Objects., Business' of fbneraE agents, commission agents, indent agents, land and estate agents, >hnd; general . incidental. ; Empire Press Co.j Ltd. '-Registered as a private company, February 19, ]930. Capital: £2OO, into 200 shores of £1 each. Subscribers: Dunedin —E. F. Watson, E. F. Bush. I. E. Sutherland/R. G. Watsoh, 50 shares/.each,, Objects; Business of printers, ongrav* ers, publishers; and general mfcidental. . i Jones, Oswald, Ltd. Registered as a. private company, February 24,: t 1930. Capital; £SOO, into 500 shares of £1 each. Subscribers: Balclutha —O. Jones 499. Timaru—F. J. Cook 1. Objects:: Business, of general provision merchants and general storekeepers, and general incidental. Fiord Fisheries, Ltd. Registered as at' .private 1 powpahy;;.:, February 26, 1930. Capital: £2,400, into 2,400 shares of £1 each. Subscribers: Dunedin —G. A. Holmes 100, N. A. Thomson 200. J. Dobbio 100, J. Linsay. 250, A. H. Jones 50, A. J. Walker 225. a Ruben 225, A. D. Edgar 125, J. Far-\ ■quharson 300, 8.-H. Nees 225. Port Chalmers—R. A. Buck 600. Objects; Business of fishermen, canners, fishmongers, and general incidental.

A GILT-EDGED INVESTMENT. CHRISTCHURCH DRAINAGE BOARD DEBENTURES.

A further issue' of Christchurch Drainage Board Debentures offers an absolutely safe and sound investment, one that is classified by law as a Trustee Investment. Debentures are issued in denominations of £IOO, and interest is guaranteed at 5| per cent., payable half-yearly free of exchange at any branch of the Bank of New Zealand within the .dominion. Investors’ interests are safeguarded by a special rate, which has been struck over an area the capital value of which is over £12,000,000. A sinking fund is provided to repay the whole of the loan on its maturity in March, 1965. Applications for debentures should be sent to the offices of the board, 198 Hereford street, Christchurch, and * should be accompanied by cash, bank draft, or marked cheque. You are advised to make yearly application. Prospectus on request.—[Advt.]

Quotations as under Buyer*. Seilers. £ 8. d. £ s. d. BANKING— Bank of Australasia 11 18 0 —. Bank of N.Z 2 17 0 2 17 6 Commercial Bank ... 1 1 7 1 X xo E.S. and A. Bank ... 6 7 0 1 — Natl. Bank of N.Z. ... — 6 0 0 Union Bank of Aus12 0 0 12 0 tralia, Ltd. ... ... 3 INSURANCE— National Ins. Co ... 0 14 1 0 14 6 SHIPPING— Huddarfc, Parker 0 0 (pref.) — U.S.S. Co. (pref.) ... 1 1 e 3 JL COAL— 0d Kaitangata Coal 0 9 — 0 Westport Coal Co. ... 1 9 9 .1 li LOAN AND AGENCY0 9 National Mortgage ... — 0 3 14 N.Z. Guaranvee Corp. 0 3 u 0 Perpetual Trustees 3 8 0 — Trustees Executors ... 3 0 0 MEAT PRESERVING— N.Z. Refrigerating (paid) 0 11 6 0 12 6 N.Z. Refrigerating 7 (cont.) k.. 0 5 0 b iU MISCELLANEOUS— Aust. Iron and Steel — 1 0 0 British Tobacco — 0 2 3 0 Brown, Ewing (pref.) 1 0 — Bruce Woollen Co. (ord.) — 6 0 12 9 Crystal Ice Co 1 2 — Dominion Rubber ... 1 7 Q Donagby’s Rope and 6 Twine 1 13 9 I 15 Kaiapoi Woollen (ord.) — 0 12 0 0 14 0 Kaiapoi Woollen 3 (cent.). _ ... ... 0 6 Milburn Lime and Cement (ord.) ... — 0 X 15 9 Mosgie! Woollen Co. 6 15 — National Electric 0 9 9 — N.Z. Express Co. (ord.) — 0 lb 0 N.Z. Banners ler0 tilisers 1 1 N.Z. Pape: Mills ... 0 19 3 — Wilson’s Portland 0 , Ccmen' 1 18 1 19 6 BREWERIES— N.Z. Breweries, Ltd. 4 0 9 . 4 1 6 N.Z. Breweries Debs. 1 1 6 — N.Z, Breweries Stock 1 1 6 — MINING— 6 Kawarau ... 0 0 — 0 Waihi 0 13 0 0 14 Electrolytic Zinc (pref.) ••• — 0 1 7 6 Mount Lycll 1 12 *— i ■ Big Beach — ■— 0 5 6 Kildare 0 1 0 Okarito ■— 0 1 op Blenheim Oil Wells ... ' — Z 10 0 WAR BONDS (Bonds quoted are £100 • Bonds) — 0 1938 4£ p.c. Bonds ... 97 10 0 98 5 1939 4£ p.c. Bonds ... 97 10 0 — 1933 p.c. S.S. Bonds 98 17 6 98 — 0 1938 4p.c. Ins. ... 97 10 0 5 1939 4 1- p.c. Ins. ... 97 10 0 98 5 0 1933 Si p.c. S.S. Ins. 98 17 6 — 1936 5i p.c. Bonds ... 98 15 0 1 — 1 ' 1936 5-ir p.c. Inscribed 98 15 0 ■