COMMERCIAL.

Hawera Star, Volume L, 6 August 1930, Page 7

COMMERCIAL.

can mum; u y produce .market (By itlegiaph—Press Association.) CHRISTCHURCH, Aug. 5. With the heavy south-west storm there has been Jittle chance of produce [being delivered during the past few days, and the market is quiet, with very little alteration in values. The.rain has chiefly affected the potato market. To-day the grower remains a very firm holder and is not prepared to accept the on-trucks price which would be on a parity with f.o.b. values, £3 15s to £4 a ton. Quotations f.0.b., s.i., are £4 15s to £4 17s fid for prompt delivery, and £5 to £5 2s fid for Aiigust-September delivery. There are a few inquiries coming to, hand from Auckland and other ports. l The next boat due to leave for Auckland is the AYhipiata, on Wednesday or Thursday, and a very big cargo is not expected. The Waimarino will be ' the next, about Monday. ! There is still a fairly good eonsump-j five demand for oats, and' the market | is firm at late rates. Tb-day southern Quotations are 3s lOd f.0.b., s.i., for A Cartons and 3s 9d for B’s. Local B Cartons have been sold at 4s and A’s at 4s Id. Chaff for prompt delivery lias been sold at £7 to £7 2s fid f.0.b., s.i., which is equivalent to £5 7s fid to • £5 10s a ton on trucks. 1 A few lines of onions are still coining forward and the best quality lines can command up to £4 a ton on trucks. , Fowl wheat is firm with the inquiry good at fis to (is Id a bushel, f.0.b.. s.e. f„f W 9 1.1 I Ott f A I

NEW ZEALAND INSURANCE CO

. AUCKLAND. Aug. ». At the minimal meeting of the New Zealand Insurance Company to-day the necessary resolutions to; provide for the transfer of a portion of the reserves to the capital account so that £1 shares formerly paid to *l.<3s will he free from further liability were carried. The .report and balance-sheet were adopted after the chairman had referred to the abnormally high fire wastage in the. Dominion and the problem of over-in sura hoe. STANDARD INSURANCE CO. DUNEDIN, Aug. A. Tin* annual report of the, directors tif tin; Standard Insurance Comynmy states that tin* income from all sources for ilie vew "ninunls to £300.702 10s 3d, in which has t<* he added .the balance brought forward froni last year (£lO.llß Ids'). The vtirnlus on the year s operations. alter nothing full provision for all ascertained losses to .Time 30. the payment o f an interim dividend donation to, the nf'iaiMiiUp ami provident funid. decree ia.tipn of lwnne.rties anirT tin? alio, cation i'.f £2e 000 to the reserves fund, amounts 'n £33.044 9s 4d. Out of this surplus the directors recommend the "■•ivnr’nt c.f a dividend at. the rate of Is 3d nor share, absorbin''’ £l2'.e<)o a>>d in carry forward to nest year the balance