FRUIT AND PRODUCE

Evening Star, Issue 22880, 11 February 1938, Page 6

FRUIT AND PRODUCE

heavy supplies of tomatoes EGGS ADVANCE A ID Reillys report that heavy supplies of stone fruit came to hand at the beginnine of the week, values being satisfactory for most lines. Nectarines are in much heavier supply, and prices are lower. Only small consignments of apricots are now being received. Increased’ supplies of freestone peaches are arriving, and large consignments ot plums are coming to hand. : Unfortunately, owing to the excessive heat exr perienced in Central Otago, some lines are arriving in an over-npe and. wasty condition. , ' _ There is a good demand for Uravenstein apples, and values are firm. Larger supplies of Bonchretien pears are coming to hand. Increased supplies of outdoor-grown tomatoes are now being received, and values are much lower. Supplies from Central Otago have been very heavy over the last few days. Cultivated blackberries are meeting with a good demand. A fresh shipment of Jamaican oranges and grapefruit arrived by the Imperial Star. This fruit is of excellent quality, and is meeting with a satisfactory demand. Ripe bananas are scarce. A further shipment of Niue and Samoan bananas is due by the Maui Pomare on February 14. Heavy supplies of outdoor-grown cucumbers are being received. Ample supplies of fresh vegetables are available, but cabbages and cauliflowers are difficult to place. . Lettuce has a better demand. The market is well supplied with new potatoes, Canterbury onions, marrows, and pumpkins. Green peas and beans are in good supply, but only for good fresh quality is there any demand. Market values for eggs have advanced a further Id during the week, guaranteed now selling at Is 6d a dozen. Heavy consignments of poultry have come to hand, values for light breeds being low, with a good demand for ducks and pullets. AUSTRALIAN STOCK EXCHANGES

[Per United Press Association.]

SYDNEY, February 10. The Stock Exchange, continues generally slow, but steady.

Rawang 0 9 3 MELBOURNE, February 10. Trading was quiet, with industrial fluctuations narrow. Barriers were slightly easier, but gold shares were firm.

SHARE MARKET DUNEDIN STOCK EXCHANGE BUSINESS ALMOST STAGNANT BUYERS NEGLECT AUSTRALIAN MINING ISSUES The local investment market opened with an easier undertone this morning, after a holiday yesterday. Despite the brightening tendency in both Wall Street and Dondon, Commonwealth issues slipped this morning, along with a few Dominion stocks. A feature of the call-over was the total absence of buyers in the Australian mining section. It was the first time for several months that sellers have monopolised these stocks. Business was almost stagnant, one reported transaction being all that appeared on the sales list. Australian banking issues generally maintained late rates, although an uncertain undertone marked operations. Commercials were quoted ex div. (6 2-3 per cent, per annum) between 16s 5d and 16s 9d. New Zealands lost ground on sellers £2 3s 3d, buyers holding firm 6d away. Also quoted ex div. to-day were New Zealand Refrigevatings, the contributing issue of which found a market between 8s 5d and 8s 9d. Commonwealth industrials had an easier trend, stocks to slip including Associated News (pref.), Australian Glass, British Tobacco, 8.H.P., and Dunlop Perdriaua. Woolworths (Sydney) dropped Is and 6d on buyers’ and sellers’ respective quotations. Woolworths (N.Z.) were on offer at £l, but buyers were not attracted. In the unlisted section MTntosh, Caley, Phoenix were marked up 6d to unanswered buyers 4s 6d. Australian mining stocks maintained late rates, but in the absence of buyers the quotations do not, of course, represent a true market. Clutha River, cum. div. 6i per cent., were quoted between 2s 4d and 3s 6d, while Marthas remained firm with strong buyers at 15s, the first vendors for some time fixing their limits Is away. SALES REPORTED. —Late Wednesday.— Woolworth (Sydney), £1 4s 7d. Mount Lyell, £1 10s. —This Morning.— National Bank of Australasia, £l4 10s. Quotations as under:— Buyers. Sellers. £ s. d. £ s. d-

DIVIDENDS DUE. Commercial Bank of Aust.—Halfyearly, pref., 4 per cent, per annum, ord. 6 2-3 per cent, per annum ■... .... Feb, U Dominion Invest, ar.d Banking— Interim, half-yearly, at 5 per cent, per annum Feb. 14 Woolworths Ltd., Sydney Interims of 5 per cent, on 10 per cent, and 3| per cent, on 7 per cent, preference shares Feb. 15 Cash Orders Amalgamated—Quarterly interim "at 15 per cent, per annum . - Feb. 15 Queensland National Bank Ltd.Interim, half-yearly, 44 per cent. ■ per annum Feb. 17 Kandog Cement—Half-yearly at 10 per cent, per annum ... Feb. 18 Melbourne Steamship pref., at 6 per cent, per annum, ord. 7 per cent, per annum ... Feb. 23 Clutha River Gold Dredging Co. Ltd.—lnterim, lid per share ... Feb. 25 Bank of N.S.W.—lnterim, quarterly, at 6s per share Feb. Z 4 Silverton Trams—ls per share ... Feb. Z 5 Kuala Lumpur Tin N.L.—ls per e h ave ... Feb, 25 Australian Guarantee Corp—Halfyearly, at 10 per cent, per annum ••• ••• “ 4r ’ 1 Elder, Smith yearly, at 7 per cent, per annum Mar. 1 Big River Gold —Id per share ... Mar. 1 Carlton Brewery Final 7i per cent Mar - 1 Standard Insurance Half-yearly, . Is 3d per share ••• 7 W. R. Carpenter per cent, per annum ... Mar. 15 Electrolytic Zinc yearly, 6 per cent., pref. and • Apex* Invest.** Trust Final half- _ yearly at 6 per cent, per annum Mar. 17 Tongah Compound N.L. share * Mar. io Tongah Compound No. 2 N.L.—ls share and bonus Is per share ... Mar. Z 5

CALLS DUE. Bricks and Mortar (making 4s paid) ... ... .••••• 28 Olympic Tyre and Rubber Co. 5s & share (making 15s paid) ... Peb. 28 Broken Hill Pty.-New, 5s a share (making 8s 4d paid) Mar> 51 Burns, Philp New, 5s a share(making 10s paid) ... Apr> 1 SYDNEY WOOL SALES Press Association—By Telegraph-Copyright SYDNEY, February 10. At the wool sales , 1 J 1 > 7 , 99 ,-^ ale | offered and 10,663 sold, 4,477 of them nrivately. Competition was strong, with Continental, support predominating. Greasy merino made to 22ia. HEMP AND TOW JANUARY GRADINGS The chief hemp grader reports that in January there was graded at the ports of the Dominion. 2,631 bales of hemp, a decrease of 405 from the 3,036 bales graded in January, 1937. Tow gradings totalled 317 bales, which was 50 more than that graded in the same month last year. Stripper slips totalled 15 bales last month, and more were graded in January, 1937.

STOCK EXCHANGE INDICATOR Government loans ................ Firm Banks Weaker Insurance ■ Dull Shipping Steady Meat preserving Quiet Coal No change Woollen Neglected Aust. industrials Easier N.Z. industrials Inactive Breweries * Stable Aust. mining Easier PRICE OF GOLD Press 'Association—By Telegraph—Copyright February 10. (Received February 11, at 11 a.m.) Pine gold is quoted at £6 19s 8d per ounce. DOLLAR AND FRANC Press Association—By Telegraph—Copyright LONDON, February 10. (Received February 11, at 11 a.m.) The dollar is quoted at 5.01 i. The frano is quoted at 132 f.

THE RESERVE BANK ASSETS AND LIABILITIES [Peb United Press Association.] WELLINGTON, February 10. The ‘ Gazette ’ issued to-night contains the following statement of liabilities and assets of tlio Reserve Bunk of New Zealand as at the close of business on February 7. The figures at the close of the previous week are given for purposes of comparison, shillings and pence wing omitted; — LIABILITIES. Last week. Thi* wertc. £ £ l General Reserve Fund 1,500,000 1,500,000 3) Bank rotes . ; 14,240,044 14.067,973 5, Demand liabilities— U) State ... ... 3,532,496 3,889,650 (b) Banks ••• 9,805,469 9,485,519 (c) Other # 693.166 156,289 4. Time Deposits ... ... —v, 6. Liabilities in cun ancles othe r than New Zealand currency ... 6. Other liabilities ... 195,907 193,685 Total . £39,967,084 £29,292,120 ASSETS. T ' fa'/oo'r 3,801,791 2,801,791 (b' Sterling exchange ... 16,230,651 15,700,698 (c) Gold exchange ... 8. Subsidiary coin 217,091 218,14$ 9. Discounts—(a‘ Corrmercul and 1 agricultural bill* ... .. • (bf Treasury and local body bill* ... ... 10. Advance*— (a) lo S<ete or State undertakings—(l) Primary Products Marketing Department 6,623,765 6,460,102 (3 For otnei purposes 1,100,000 1,100,000 (b) To oth« public authorities (c Othei SI. Investments 2,914,652 2,941,003 13. Bank buildings ... 13. Other .ssets 79,132 70,376 Total £29,967,084 £29.292,120 Proportion of reserve (No. 7 less No. 5) to notes and other demand liabilities 67.331% 67.039%

£ 8. d. Bank of New South Wales 32 10 0 Comm. Banking of Sydney 20 3 0 National Bank (£10 paid) 14 12 0 Colonial Sugar 46 17 6 Associated News 1 2 6 British Tobacco 2 10 3 Tooths 2 15 3 Tooheys 1 12 0 Carlton Brewery 3 7 0 Queensland Brewery 1 7 9 Drug Houses 1 6 6 Australian Glass ... 4 14 0 Dunlop Perdriau 1 3 4i G. J. Coles 3 19 6 Kandos" 1 6 0 Cash Orders 0 16 7 J. M'Grath 2 0 6 Mark Foy 1 3 6 United Provisions (pref.) ... 1 0 7 Wilcox Mofflin 0 10 4 Wunderlich 1 0 9 Woolworths 1 4 H Electrolytic Zinc 2 7 9 Mount Morgan ... 0 9 2 Mount Lyell 1 10 9 South Broken Hill 1 13 9 North Broken Hill 2 11 9

£ s. d. Comm. Bank of Australia ... 0 16 2 National Bank (£5 paid) ... 7 .4 0 (£10 paid) 14 11 0 Carlton Brewery 3 7 0 G. J. Coles 3 19 6 Dunlop Perdriau ... Australian Foundation In1 3 4 vestment Trust 0 11 Electrolytic Zinc (pref.) ... 0 10 3 Mount Mcirgan 0 9 3 Mount Lyell 1 10 74 Broken Hill Pty. 3 1 6 North Broken Hill 2 11 3 South Broken Hill 1 13 6 Zinc Corporation' ... 5 4 6

N.Z. GOVERNMENT LOANS3i p.o. Stock, Nov., 1938-52 102 0 0 34 p.o. Stock, March, 193943 101 0 0 102 0 0 ■ 34 p.c. Stock, Sept., 193943 101 0 0 3A p.c. Stock, May, 1939-52 101 10 0 34 p.c. Stock, March, 194143 Ml 10 0 34 p.o. Stock, Sept., 194143 101 10 0 — 34 p.c. Stock, May, 1941-52 101 10 0 34 P.c. Stock, Nov., 1941-52 ... 101 10 0 4 p.c. Bonds, 1943-46 103 15 0 — 4 p.c. Stock, 1943-46 103 15 0 — 4 p.o. Bonds, 194649 103 15 0 — 4 p.c. Stock, 1946-49 103 15 0 — 4 p.o. Bonds, 1952-55 103 10 0 — 4 p.o. Stock, 1952-55 103 10 0 — 34 p.c. Bonds, 1953-57 97 10 0 — BANKING— Australasia (£5) ... — 10 15 b New South Wales (£20) ... - 32 15 0 New Zealand (£1) ... 2 2 9 2 3 3 New Zealand (Long “D,” £1) ... — 1 10 3 Commercial (10s) ... 0 16 5 *0 16 9 Commercial of Sydney (£12 10s) — 20 5 0 E.S. and A. (£3) ... — 5 6 0 National of Now Zealand (£2 10s) ... — 2 15 3 National of Australasia (£10) 14 9 6 14 12 0 Union of Australia Ltd. (£5) — 9 7 0 INSURANCE — National (7s) 0 16 9 0 17 1 SHIPPING— Huddart, Parker (ord., £1) 2 2 6 Huddart, Parker (pref., £1) 1 7 0 P. and O. Deferred Stock (£1) — 1 9 6 U.S.S. Co. (pref., £1) ... 16 7 MEAT PRESERVING— N.Z. Refrigerating (cout., 10s) 0 8 5 *0 8 9 Southland Frozen (paid, £1) ... ... , — 1 9 6 South Otago Frezing (£5) 5 10 0 Waitaki Farmers’ Freezing (£5) ... — 4 13 0 LOAN AND AGENCYGoldsbrough, Mort (£1) ~ 1 11 3 National Mortgage (£2) 2 6 6 N.Z. Loan and Mercantile (ord., £100) ... — 61 io 0 N.Z. Guarantee Corporation (3s) ... 0 4 6 0 4 8 Trustees, Executors, and Agency (£2) 3 15 0 Wright, Stephenson ' (pref., £1). ... ... 1 0 6 - COAL— Kaitangata (16s) ... 1 6 0 1 9 0 Westport (10s) 1 3 0 — Westport-Stockton (ord., 10s) — 0 3 6 W estport-Stockton (pref., 10s) — 0 7 0 WOOLLEN COMPANIES— Bruce (ord., £1) ... 0 7 0 0 10 0 MISCELLANEOUS— Anthony Hordern (£1) - 0 18 9 Associated News (pref., £1) 1 4 3 Australian lilass (£1) — 4 14 0 Australian Foundation Trust — 0 6 0 British Tobacco (£1) — 2 10 0 Broken Kill Proprietary (£1) ... 3 0 0 _ Broken Hill Proprietary (cont.) ... — 1 13 6 Brown, Ewing (ord., £1) ... ... ■ — 1 0 6 Consolidated Brick (£1) ... 0 7 3 — Colonial Sugar Co. (£20) 46 5 0 D.I.C. (ord., 10s) ... — 0 15 3 D.l.C. (pref., £1) ... 1 3 Dominion Fertiliser (£1) - 9 — 1 4 3 Donaghy s Rope and Twine (£1) — 2 7 0 Dunedin Stock Exchange Ptv. (£1) 2 2 0 — Dunlop Perdriau Rubber (£1) - 1 2 10 1 3 4 Felt and Textiles ... — 1 17 0 G. J. Coles (£1) ... 3 18 0 4 0 0 Hume Pipe (£1) ... — 1 1 3 Kauri Timber (£1 5s) — 1 2 9 Milburn Limo and Cement (£1) ... — 2 0 0 Mort’s Dock (£1) ... — 0 11 0 N.Z. Drug Co. (£2) — 3 10 0 Regent Theatre (£1) 0 19 0 — Smith and Smith (pref., £1) —- 1 1 s

Taranaki Oil (£1 4s 7d) 0 5 7 0 5 10 Woolworths (pref., £1) 1 17 0 Woolworths (ord., 5s) — 1 0 0 Woolworths (Sydney, ord., 5e) 1 3 6 1 4 6 BREWERIES— New Zealand (£1) ... 2 5 11 2 6 2 Dominion (£1) — 1 18 9 Dunedin (£1) 1 9 0 - UNLISTED STOCKMackintosh Caley Phoenix (£1) 0 4 6 A. and T. Burt (pref., £1) ... ... 0 10 6 0 IS 0 A. and T. Inglis — 0 9 0 Hogg and Co. (ord.) ... _ 0 10 0 Hogg and Co. (pref.) - 1 0 0 OVERSEAS LIST— Woolworths (South Africa) 0 14 6 _ OVERSEAS MINING— Broken Hill South (5s) 1 14 0 Electrolytic Zmo (pref., £1) i 9 Electrolytic Zmo (ord., £1) 2 7 6 Mount Lyell (£1) ... — 1 10 8 Mount Morgan (2s 6d) - 0 9 5 GOLD MINING— Big River (Is) 0 1 0 6 Clutha River (2s) ... 0 2 4 0 3 Gillespie’s (Is) ■ — 0 1 1 Goldfields Dredging (Is) 0 0 4 Kildare (2s) — 0 1 0 Martha (5s) 0 15 0 0 16 0 Molyneus River (8b) 0 2 0 Mossy Creek (1?) ... 0 1 0 — Nokomai (5s) — 0 2 2 Okarito (5s) — 0 3 0 Paddy’s Point (Ss) Sandhills (Is) — 0 1 6 — 0 0 3 Waipapa Beach (Is) 0 0 1 0 0 3 * Ex div.