DUNEDIN STOCK EXCHANGE

Evening Star, Issue 23101, 29 October 1938, Page 14

DUNEDIN STOCK EXCHANGE

THIS MORNING'S GALL LATEST QUOTATIONS Buyers. Sellers. £ s. d. £ s. d.

UNLISTED STOCKS—AIL stocks iu this section are not quoted on the official list, and transactions are iubjeot to a different rate of brokerage. VVoolworths Proparties (10s) 0 14 3 • NEAR EASTERN BUSINESS BRITAIN'S BID FOR TRADE Encouraging prospects are claimed for the endeavour which Britain is mafeiim to recover lost trade in Eastern Europe and Asia Minor. Various products of this part of the world are recognised as being capable of profitable development by United Kingdom capital without interfering with existing trade between member states of the British Commonwealth of Nations. Dr Paul Einzig, a British economist, in this connection suggests in thetLondon ‘Spectator’ that Rumanian oil, Hungarian bauxite, Greek tobacco, and Turkish raisins all offer good prospects in the conditions that prevail. The object aimed at is to bui.d up an enhanced demand for United Kingdom machinery and equipment, at the same time helping the countries concerned by increasing their exportable surplus of marketable commodities. It is anticipated that Germany, which ; s at present the predominant market for the products of the Near East, will also profit owing to enhanced capacity for the absorption of all kinds of manufactured goods in that part of the world. ° A beginning in the direction, indicated has recently been made by the provision by the British Government of credits amounting to £16.000.000 for the development of the, mining output of Turkey.

FRUIT AND PRODUCE Bray Bros., Dunedin, report for the week ending to-day: ’ Little of interest is to be recorded in the milling wheat market, as it is considered that.the stocks of Australian and local wheat on hand will be sufficient to meet requirements until the next season’s wheat is available. The fowl wheat market is firm, with stocks, on the short side, and local sqpplies are drawn from South Canterbury. Values range from_ 6s 6d to 6s 9d per bushel, sacks extra,, and a difficulty is being, experienced in obtaining* first quality fowl wheat. Wholesale prices are as follows: Flour.—2oo’s, £l3 15s 6d; 100’s, £l4 12s 6d; 50's, £l4 17s 6d;. 2o’s, £ls 7s 6d. Bran. £5 5s per ton. Pollard, £6 15s per ton. Oatmeal.—2oolb sacks, £l9 per ton; 25’s, £2O per ton.' The oats market remains unchanged. There .are no inquiries for millers, and the demand for seed purposes is also weak. There ape now few oats held in the district, and stocks in the stores are also light. Quotations for shipment are on a of 3s 3d, f.0.b., 5.1., for A Gartons, and 3s, f.0.b., s.i., for B’s. - ,

The chaff market is quiet. There is not now much demand.for chaff. - Th,er_e is no. change in quotations.. _ Merchants are drawing oi\ their stocks in stores. ’.'. - Stores are holding good supplies of potatoes, and the market continues dull. The demand is slow', with quotations on a basis of £2 15s per ton,'.sacks included, for properly picked lines. Lower prices have been accepted to clear record grade lines. Reports from Canterbury state that the market is fully supplied. Business has been, quiet in the seed markets during the week, _ although there have been some inquiries from overseas. Sales of white clover have been made for export, and it is expected that there will. be a slight revival of the export market later , on. In the meantime all the markets are steady. The ryegrass market continues firm, and stocks appear short. The cocksfoot market is! steady. The brown top markets are quiet, as .there is no demand for export. Wholesale prices are as follows:—. Chaff.—Good,, bright oaten sheaf, £5 17s 6d per ton, ex truck, to £6los ex store. Potatoes.—White, £2, ,15s per ton, ex store; market weak. Dairy Butter.—Milled bulk, lOd per |b; separator, 10d;: supplies wanted. Bacon, Is 3d per lb. Haras, Is 2d per lb; boneless, ls 4d. Eggs, Is Id, Is 2d, Is 3d per dozen. . Lard.—Bulk, 8d per lb. Bulk honey, 6d to 6jd per lb. Canadian onions, 22s 6d per cental. The. oranges .which arrived on the local-market ex the Waitaki from Melbourne were quickly bought up, and floors are now bare.

A quantity of Samoan and .Niue bananas arrived during the week and helped to relieve the shortage.. Hothouse-grown , tomatoes have increased in supply, mainly trpm Canterbury, but satisfactory .prices- are still being obtained. Good supplies should shortly be available. A small quantity of Californian grapes arrived from the north. New Zealand lemons are in. heavy supply, with low prices ruling. Cauliflowers eased in price towards the end of the week.

Cabbages are increasing in supply. Good quality lettuce are realising satisfactory prices. Poor quality are practically unsaleable. Rhubarb is in full supply and prices are easier. ' '• J • .

Asparagus is now arriving from Christchurch and the_ market is erratic, according to supplies reaching the rooms. Local potatoes . are coming on the market,'also green peas from Waimate. Both are bringing satisfactory prices. The following , prices were realised during the week:— , , Carrots, Is 4d per dozen. Parsnips, Is 4d per dozen. .Asparagus, 7s 6d to 8s Gd per dozen. Rhubarb. 15<3 per lb. Christchurch hothouse tomatoes, 2s Id to 2s 4d per lb. Swedes, 2s per bag. Carrots, 2s to 2s 6d per bag. Parsnips, 5? per bag. Cabbages, 4s to 5s per case. Cauliflowers, 6s to 8s Gd per sack; others. 3s 6d per sack. Apples.—Stunners, 7? 6d to 10s per case; Delicious, 8s to 10s; cookers, 7s Gd to 8s 6d. Lemons. —New Zealand, 5s to 8s per Oranges.—Australian, 17s to 21s per case. Bananas, ISsGd to 22s Gd per case. Pears.—Large case. 10s to 12s. Pineapples, 21s to 23s per case.. Tomatoes.—Local hothouse,-2s 6d per lb.

N.Z. GOVERNMENT LOANS34 p.c. Stock, Not., 1938-52 — 100 0 0 34 p.c. Stock, March, 193943 ... — 98 10 0 34 pc. Stock, May, 1941-52 — 102 0 0 3j p.c. Stock, Nov. 1041-52 ... ... ... — 102 0 0 4 p.c. Stock, 1943-48 — 99 15 0 4 p.c. Stock, 1946-49 — 99 15 0 4 p.c. Stock, 1952-55 — 99 15 0 34 p c. Bonds, 1963-57 95 0 0 — 34 p,.c. Stock, 1953-57 93 5 0 — BANKING— Australasia (£5) 10 5 0 — Nc» South VVaies (£20) — 31 10 0 New Zealand (£1) ... 2 0 6 2 1 3 New Zealand, Long “D” (£1) — 1 9 6 Commercial (10s) ... — 0 17 0 E.S. and A. (£3) ... 5 5 0 —• National of New Zealand (£2 10s) ... — 2 11 0 Union of Australia Ltd. (£5) 8 14 0 — INSURANCE— National (7s) r 0 15 9 0 16 7 South British (£1) ... 2 2 0 — SHIPPING— P. and 0 Deferred Stock (£1) 1 5 0 — U.S.S. Co. (pref., £1) “ 1 6 9 MEAT PRESERVING— N.Z. Refrigerating (paid, £1) •—* 9 17 9 N.Z. Refrigerating (cont., 10s) ... ... 0 710 0 8 2 Southland frozen (paid, £1) ... . ... 1 10 0 LOAN AND AGENCYGoldsbrough, Mort 9 (£1) 1 0 Perpetual Trustee* (18s) — 2 13 0 Trustees, Executors, and Agency (£2) ... 4 0 0 — Wright, Stephenson 3 (pref., £1) 1 0 COAL— Westport (10s) — 1 3 6 West port-Stock ton (ord., 10s) Weslport-Hlockton — 0 5 0 (pref., 10s) ... ... 0 6 0 — OIL— Taranaki (£1 4s Vd) 0 13 4 0 14 0 WOOLLEN COMPANIES— Bruce (ord., £1) 0 3 6 — Mosgiel (£4)' — 9 14 0 MISCELLANEOUS— Associated News (£1) ... 1 1 0 —• Associated News (pref., £1) 1 3 6 — Australian foundation Trust 0 4 9 0 5 1 British Tobacco (£l) — 2 8 6 Broken Hill Proprietary (£1) .... —• 2 18 0 Brown, Ewing (ord, £1) I 0 0 Consolidated Brick (£1) ... •—* 0 7 V 9 Crvstal Ice Co. (£1) 2 0 0 D.I.C. (ord., 10s) ... — 0 IS 0 D.I.C. (pref., £1) 1 2 0 1 3 6 Dominion Fertiliser ' ‘ (£1) I 4 0 Dominion Fertiliser Debs ... ... 101 0 0 — Dunaghy's Rope ana 2 Twine (£1) ... ... — 4 0 Dunlop, Perdriau Rubber (£1) 1 0 3 — Hume Pipe (£1) 0 19 4 0 19 7 l.C.I. (pref.) ... ,... 1 2 7 1 2 8 AJ11 burn Lime and Cement (£1) ... .. —- 1 15 3 N.Z. Drug Co. (£2) — 3 3 3 • Utngo Daily Times ’ 0 (£1) ... 2 0 0 2 3 Smith and Smith (pref., £1) Wilsons Cement (10s) I 2 0 — 0 17 0 Woolworths (ord., 5s) —* 1 0 0 Woolworths (Sydneys ord., 5s) ... 1 I 3 BREWERIES— Now Zealand (£1) ... 2 0 3 2 1 0 OVERSEAS LIST— Woolworths (South Africa) ... ... ... 0 14 10 ~ OVERSEAS MINING— Broken Hill Scnjth (5s) ... 1 12 3 1 12 9 Mount Lyell (£1) ,... 1 9 6 1 10 3 Mount Morgan |2» 6d) ... .. 0 10 4 0 IX 0 Mount Morgan (pref., £1) - 1 1 4 — North Broken Hill 2 11 12 ' (5s) ... 0 2 6 Placer Development 4 0 0 GOLD MINING— 1 i Austral-N.Z. (£1)‘ ... — 3 Big River (Is) — 0 1 1 Clutha Rivet (2s) ... 0 2 2 0 2 9 Gillespie’s (Is) — 0 1 0 Uoldhelds Dredging p (Is) ... — U Mclyneux River (2s) 0 010 1 8 Nokomal (5s) 0 Sandhill* (Is) •—* .9 0 0 3 Waitaha (5s) 0 0 0 1 0