WEST AUSTRALIAN GRAIN.

New Zealand Herald, Volume LXIII, Issue 19486, 16 November 1926, Page 11

WEST AUSTRALIAN GRAIN.

ESTIMATES OF CROPS. A. and N.Z. PERTH, Nov. 15. The West Australian Government statistician estimates the production of wheat in the State from the copiing har- ■ vest at 28,886,623 bushels from 2,245,983 i acres, an average of 11.8 bushels per acre. The estimated yield of oats for , grain is 4,819,256 bushels, an average of ; 15.6 bushels per acre. AUCKLAND COMPANIES. TWO NEW REGISTRATIONS. One public and one private company were registered at Auckland yesterday. Following are particulars:— PUBLIC. The Remuera Theatre Company, Ltd., picture theatre proprietors. Capital £20,000. Subscribers: Frank Henry Burbush, Harold Bradley Brownrigg and Richard Fuller Chapman, 100 shares each; Colin Macfarlane Gordon and Henry Albert Anderson, 10 each. PRIVATE. Sutcliffe and Hutchings, Limited, motor engineers and garage proprietors, Capital £2200. Subscribers: George William Sutcliffe, 1195 Bhares; William Dudiey Hutchings, 995; and Hubert John Hutchings and Lizzie Sutcliffe, 5 each. BANK SHARES IN LONDON. YIELDS ON RECENT PRICES. An interesting statement of the approximate yield on market prices of bank shares was given recently by the City editor of the Times, who remarked that the market for such shares is one in which there is a very regular flow of business, and prices are free from those wild fluctuations which mark the more speculative departments where business is either very active or very quiet. Bank shares are essentially investments, and since the introduction of shares with no uncalled liability their popularity with investors has grown. The yields on bank shares range from about 5 per cent, in the case of the "Big Five" to nearly 7 per cent, in the case of banks operating m'ainly overseas. The detailed list, showing the approximate yield without accrued interest on prices ruling at the beginning of October, is as follows: Yield Per Cent. £ a. d. Agricultural of Egypt n 613 9 Alexanders Discount t.ra rv 616 0 Anglo-South American va uv 614 6 Bank of Australasia eta- u-i 414 G Bank of Liverpool .. v. 514 3 Bank of Lon, and S. America .. 5 6 3 Bank of Montreal .. r.v 5 19 Bank of New South Wales r.v 511 1 Bank of New Zealand .. t.-. 4 6 0 Barclay's "A" .. s*i t.v 5 0 0 Ditto, "B" .. .. ... 5 0 9 Barclay's (overseas) preference 5 8 6 British Overseas . ..546 Canadian of Commerce ; ., 514 0 Chartered of India ~ ... 4 19 8 English,' Scottish aqd Australian 4 14 0 Hongkong and Shanghai . 611 0 Lloyds ;. .. :..v r.-. 5 7 0 Midland i.-. 5 3 0 Mercantile of India, "C " r.v 517 0 National Discount, "B" ks 6 13 0 National of Egypt , e r.» 4 7 6 National of India r.v r.v SCO National Provincial sv rv 5 11 0 P. and O. Banking .. ( ,v 415 6 Standard of South Africa! 6 0 0 TTnjon of Australia i..i r.v 5 0 0 Union Discount ;■ irta ■ k-? fr 0 0 Westminster -r.ru trs r.-r 5- D 0 Williams Deacons tm cv 5 10 0 DROUGHT IN PORTUGAL, POOR PORT WINE PROSPECT. Tropical heat during nearly three months has tended to cause poor prospects in the Douro port producing districts, says the Oporto correspondent of the Daily Mail. The vines have been unable to resist the excessive drought, consequently the grapes have dried up and it is estimated that more than onethird of the produce has been lost. Prices will inevitably, be high for all qualities, the general tendency being to harden. It is 50 years since such sustained heat has been experienced. LONDON'S MEAT SUPPLYFIGURES FOR NINE MONTHS. The New Zealand Meat Producers' Board has been advised by its London office that the supply of meat to the London central markets during the nine months ended September, 1926, aggregated 353,066 tons, against 340,308 tons for the same period in 1925, an increase of 12,758 tons, or 3.7 per cent. Imported supplies, apart from produce originating in Ireland, formed 81.'4 per cent, of the total quantity of produce marketed. British and Irish supplies aggregated 65.801 tons, or 18.6 per cent, of the total, supply; New Zealand, 56,138 tons, or 15.9 per cent.; Australia. 18.691 tons, or 5.3 per cent.; Canada, 3909 tons, or 1.1 per cent.; United States of America, 2268 tons, or 0.6 per cent.; Argentina, 158,448 tons, or 44.9 per cent.; Uruguay, 13,736 tons, or 3.9 per cent.; Netherlands, 22,044 tons, or 6.3 per cent.; and other foreign countries 12,031 tons, or 3.4 per cent.. New Zealand headed the list of suppliers of mutton and lamb with 54,234 tons, or 50.3 per cent., the total quantity marketed being 107,849 tons, Argentine was second among overseas suppliers with 17.076 tons, and Australia third with 11,032 tons. Britain and Ireland produced 21,400 tons. The. total amount of beef and veal marketed was 195,753 tons, of which Argentine supplied 140,450 tons.' or 71.8 per cent. New Zealand supplied only 1104 tons, or 0.6 per cent. A total of 28.34b tons of pork reached the market. Netherlands supplying 14,858 tons, or 52.4 per cent. New Zealand contributed 153 tons, compared with 24 tons in the previous nine months. PRICES AT SMTTHFIELD. The New Zealand Meat Producers' Board has received the following cablegram from-its London office dated November 12, advising Smithfield delivered prices at that date as follows: New Zealand Wethers and Maidens. — Canterbury quality, selected brands, 561b. and under, 6|d per lb.; 571b. to 641b., old; 651b, to 721b., sfd; other brands, 561b. and under, sgd; 571b. to 641b., sfd; 651b. to 721b., 50. New Zealand Ewes. —641b. and under, 4id. New Zealand Lamb. Canterbury qualitv: 361b. and under, 10£ d; 371b. to 421b., ' 9|d; 431b. to 501b., 7£d; seconds, 9d. Selected brands, 361b. and under, 9|d; 371b. to 421b., B^d New Zealand Beef.—Ox fores, 3£d; hin<K 4icl Argentine Chilled Beef.—Ox fores, 3£d; hinds, -Sid. Frozen Pork.—Bolb. to 1201b,, 1201b. to 1801b., 9d. Lamb.-—The market is depressed owing to heavy supplies of home-killed lamb. Mutton.—The market is weak. Beef.—Nominal prices. NEW PUKEKOHE POTATOES. [by telegbaph.—own correspondent. J PUKEKOHE. Monday. For new 'potatoes, quotations to-day are:—Ton lots, £l2 10s to £l3, f.0.r., Pukekohe; smaller lots, up to 3s 9d per cwt. Inquiries indicate that the supply is keeping pace with the demand.