THRESHING DELAYED

Evening Star, Issue 23349, 19 August 1939, Page 12

THRESHING DELAYED

AFFECT OF BROKEN WEATHER OATS CONTINUE OUIET / MILLING SUPPLIES DIVERTED TO FOWL WHEAT MARKET Bray Bros, report as follows on operations in the local fruit, produce, and grain markets during the week ended yesterday: — The broken weather is delaying threshing of the limited quantity of wheat remaining in the stack, 'ihe advanced prices for the month of August are on a basis of 5s lOd, f.0.b., growers nearest port for Tuscan, 6s for Hunters, and 6s 2d for Velvet. With no great demand for wheat for milling, supplies are being diverted to the fowl wheat market, and there arc ample stocks of fowl wheat available. The demand for this wheat is on the slow side, with the wholesale distributors confining their buying to lines to meet immediate requirements. _ The retail business is mostly restricted to small purchases ex the stores, at up to 6s 3d a bushel, sacks extra. For larger quantities smaller prices have to bo accepted. . . The oat market continues quiet. Millers have substantial stocks. The shipping business from this end of the Dominion is being largely filled from the Bluff. Quotations remain unchanged at 3s Id for A Gartons, f.0.b., s.i., with B’s at 2s _ lOd, f.0.b., s.i. These prices are equivalent to 2s od. (sacks extra) on country sidings for A’s and 2s for B’s. The broken weather is preventing supplies of chaff coming in from the country. The stores hold a limited quantity only, but the demand continues weak. Values are unaltered at £4 15s a ton, sacks extra. Towards the end of the week the potato market,was very firm. Although stocks of potatoes are definitely short in the South Island, the possibility of imports from' California has had the effect of causing some New Zealand buyers to withdraw from the market. On the other hand, where isolated lots of potatoes are helc\, the holders are inclined to sell. Early in the week sales for shipment to the North Island were made from Canterbury ports at £lB a ton, f.0.b., s.i., prompt delivery, but this price is not now obtainable. The present uncertain position will prevail until more information is to hand regarding the possibility of shipments from overseas. , . . • So far as the local market is concerned, it is bare of supplies. The ruling quotation for best quality whites is from £l9 to £2O a ton, sacks included. . . The seed markets remain quiet. FRUIT AND VEGETABLES. Another quiet week has been experienced in the fruit marts. The cold weather has had a detrimental affect upon all sales, and retailers also state that business is exceptionally quiet. The heavy supplies of inferior grade apples being held in the marts are now practically all cleared, low prices having had to be accepted. . There is good enquiry for choice quality dessert and cooking apples. Stunners are the principal variety now on offer. , . The Waitaki’s last shipment of Australian oranges is now practically all cleared from the marts, and if the weather picks up there should be a good demand for tho incoming shipment due on Tuesday. The first shipment of New Zealandlemons was received during the week, but the demand is inclined to be on the slow side. Retailers are at the present moment carrying stocks of Australian lemons. There will be, however, no more of these available this season and, within a week or two, New Zealand lemons should be in demand. The quality and the pack is exceptionally good. Small lots of Boorman oranges are coming forward and bringing satisfactory prices. The market is particularly short supplied with bananas, and there will be none available until the next shipment of the Maui Pomare. Pears are practically finished for the season.

New season’s rhubarb is meeting with a steady demand, and supplies are increasing. Values for carrots show an easing tendency, as supplies are increasing, especially from Canterbury. The parsnip market remains firm. Exceptionally high prices are ruling for first-grade cauliflowers, but most of the lines coming to hand are showing effects of the weather. Cabbages are slow of sale. Sprouts of good quality are in demand. Supplies of celery are easing off. Beetroot is inquired for. The egg market remains steady. Cheese sales are normal, also honey. WHOLESALE PRICES. Apples.—Jonathans, 7s 6d to 10s 6d a case; Delicious, 7s 6d to 10s 6d a case; cooking, 6s to 8s a case. Pears.—Winter Coles, 10s 6d to 12s 6d a three-quarter case; Winter Coles, 5s to 6s a half case; Winter Nelis, 6s to 7s a half case; cooking, 3s 6d a half case. Pumpkins, 2d to 2jd a lb. Melons (jam), 2id a lb. Brussels Sprouts, 3id to 4Jd a lb. Rhubarb, 6s 6d. to 9s a dozen lb bunches. Leeks, 6d a bunch. Potatoes.—King Edwards, 20s a cwt; Arran Chiefs, 20s a cwt. Carrots, Is to Is 4d a dozen. Lettuce.—Large, 4s 6d a dozen; small. Is to 2s a dozen. Spinach, Is 6d to 2s 2d a dozen. Celery, 8d to 4s 6d a dozen. Cabbages, 3s to 6s a bag. Cauliflowers, 5s 6d to 18s 6d a bag. Parsnips, 6s to 7s 6cl a bag. Carrots, 5s to 6s a bag. Onions, 19s 6d a bag. Eggs, market rates. ADULTERATED FRUIT JUICE " SCIENTIFIC MEANS OF DETECTION A well-known pure beverage firm has installed the latest scientific ultraviolet ray system for the detection of adulterations of imported fruit juices and fruit extracts. The import control made this expensive installation necessary to protect consumers against imported adulterations, as well as protecting the quality of the article concerned.

MINES AND METALS NORTH BROKEN HILL DIVIDEND OF SIXPENCE A SHARE [Per United Press Association.] WELLINGTON, August IS. The North Broken Hill Company Ltd. has declared a dividend of 6VI a share, payable in Melbourne on September 27. REPORTS AND RETURNS Bulolo. For the month of July the total gross production of Bulolo Gold Dredging Ltd. amounted to 18,919 ounces of bullion containing 13,053 ounces of fine gold from 1,435,000 cubic yards. The estimated working profit was 8,040 ounces ot fine gold. This production is equivalent to £114,214, and the working profit to £70,402 on the basis of £8 15s (Australian) per fino ounce of gold. The newly-completcd No. 7 dredge came into steady production on July 15, and is entirely satisfactory. Ncmona Dredge. The Neinona dredge return was 70 ounces for 126} hours from 10,300 yards. REICHSBANK REORGANISATION DIRECT CONTROL BY HITLER The annual meeting of the German Reichsbank accepted unanimously the Government’s reorganisation plan which places the bank directly under the control of Chancellor Hitler. The meeting also approved a plan for eliminating foreigners from holding Reichsbank shares. Present foreign holders are offered two 4 per cent, shares in the Gold Discount Bank for each Reichsbank share they possess. Walther Funk, president of the Reichsbank, announced that it would pay 5 per cent, on shares for the past business year. He said 5 per cent, henceforth would bo the maximum annual rate. This decision, he said, was “ in accordance with National Socialist principles.” Herr Funk dissolved the Reichsbank Central Committee mid said that a new advisory council of about 70 business and industrial experts would bo formed shoitly. He explained that Chancellor Hitler had given orders to the bank to “ open up the capital market for private business.” To achieve this, he said, the capacity of this market must bo gone into carefully because “ the Reich’s exploitation of the money market m past years left only a narrow margin for private business.” CANTERBURY MARKETS UNCERTAINTY ABOUT POTATO IMPORT POSITION [Per United Press Association.] CHRISTCHURCH, August 18. The potato market in Christchurch is still more or less marking time, because of the uncertainty about the import position. AVhile the market shows no marked weakness, the quotaions at £l6 to £l6 10s, according to delivery and station, are slightly lower than those ruling a week ago. Offerings from the country are still very small. Two ships, the Waiana and the Kakapo, have loaded potatoes for the North Island this week. The Waiana took 7,200 sacks from Lyttelton as well as a quantity from Timaru, and the Kakapo. which' was loading at Lyttelton to-day, was expected to take between 5,000 and 6,000 sacks. Onions are still very firm at £l7 to £lB per ton. The end -of the season is approaching and supplies are very Chaff is reported to be weak, with quotations from £4 to £4 5s a ton. A little more activity has been reported in the seeds market this week, but it will be some time yet before the full seasonal demand sets in. Most of the trade so far lias been local.

FRENCH FRANC Frees Association—By Telegraph-Copyright LONDON, August 18. (Received August 19, at 11 a.m.) Sterling exchange on Paris, 176 3-4 francs to £l.

DOLLAR AND STERLING Press Association—By Telegraph—Copyright LONDON, August 18. (Received August 19, at 11 a.m.) Sterling exchange, London on New fork, 4.68 1-8.

London on New York during 1937 averaged 4.95d0l to £1 sterling; on August 2. 1938, 4.49 J; on September 8, 4.63; and during October varied between 4.781 and 4.75 J. During November, 1938, the variation was between 4.7Gid0l (November 8), and 4.631. COMPANIES REGISTERS TWO NOTIFICATIONS Notification of the registration of the following companies appears in the latest issue of the ‘ Mercantile Gazette ’: — Heggio Bros, (storekeepers) Ltd., registered as a private company. August 3. Capital; £3OO into 300 shares of £1 each. Subscribers: Sea-, cliff —J. S. Heggie 150, D. D. D. Hcggie 150. Objects: To carry on at Seacliff the business of general grocers, hardware and drapery merchants, tobacco'agents, and genera! incidental. Caravan Trailers Ltd. Registered as a private company Augusts. Capital; £550 into 550 shares of £1 each. Subscribers: Oaraaru —H. A. Murison 200; Dunedin —AV. Mitchell 250, D. G. Mitchell 100. Objects: To carry on at Oaraaru and elsewhere in New Zealand the business of caravan manufacturers and to sell, lot, and repair caravans and all accessories used in connection therewith. DIVIDEND AND CALL LIST. DIVIDENDS DUE. Regent Theatre —hinal, 31 per cent., making 6 per cent, for the year Aug. 23 Emperor Mines (Fiji)—Fourth of 6d a share Aug. 31 Bank of New South Wales—lnterim quarterly, 6s a share ... Aug. 31 Elder Smith, Adelaide—Final at 7 per cent, per annum Sept. 1 Electrolytic 7.ino Half-yearly, ord.,‘ and pref., at 9 per cent, per annum Sept. 15 Broken Hill South—6d a share ... Sept. 15

Aug. 17 176 3-4 Aug. 16 176 3-4 Aug. 15 176 3-4 Aug. 14 176 3-4 Aug. 11 176 3-4 Aug. 10 176 3-4 Aug. 9 ... 176 3-4 Aug. 8 ... 176 3-4 Aug. 1 ... July 3J ... 176 176 3-4 3-4 July 3 ... 176 3-4 Juno 30 ... 176 3-4 June 1 ... 176 3-4 May 31 ... 176 3-4 May 1 176 3-4 April 28 176 3-4 April 3 ... March 31 176 176 3-4 3-4 March 1 ... 177 February 27 177 February 1 177 January 31 177 11-16 January 5 177

Aug. 17 4-08 1-8 Aug. 16 4.68 1-8 Aug. 15 4.68 1-8 Aug. 14 4.68 1-8 Aug. 11 4.68 1-8 Aug. 10 4.68 1-8 Aug. 9 ... 4.08 1-8 Aug. 8 ... 4.68 1-8 Aug. 1 ... 4.08 1-8 July 31 4.08 1-8 July 3 ... 4.08 1-8 June 30 4.68 1-8 June 1 ... 4.63 1-4 May 31 ... 4.08 1-4 May 1 ... 4.08 1-8 April 3 ... 4.68 7-16 March 31 4.68 1-4 March 1 4.68 3-4 February 23 4.68 1-8 February 1 4.68 3-4 January 31 4.68 1-2 January 2 4.68 7-8