SMALL AMERICAN BANKS.

New Zealand Herald, Volume LXVI, Issue 20425, 29 November 1929, Page 9

SMALL AMERICAN BANKS.

TWELVE CLOSED DOWN.

FROZEN ASSETS DIFFICULTY.

(Received November 28, 7.35 p.m.) NEW YORK, Nov. 27

The Oklahoma State Banking Department has closed 12 banks'near Oklahoma City as a sequel to the unexpected death of Mr. A, McCauley, the principal owner. The difficulty of liquidating frozen assets constitutes the chief reason for the closing of the banks. The October banking report showed that the deposits of the 12 banks concerned, which are • small institutions, totalled £504,000. Their combined capital stock totals £62,000. '

j THE MARKET BASKET. RETAIL FOOD PRICES. o_ A GUIDE TO HOUSEWIVES. The prices of meat and fish show no variation in the foodstuffs price list this week. In the dairy produce section first grade butter is a penny a pound cheaper, while eggs have decreased a penr.y\ a dozen. Hothouse tomatoes are selling at Is to Is 2d per lb, no Island tomatoes being available. Supplies of pears have practically finished. C'alifornian grapes are selling at the reduced rate of Is per lb. Strawberries are realising Is to Is 6d a chip. Both Sydney and- -New Zealand cherrieii are bringing Is 4d to Is 8d per lb. In the vegetable section the values for new potatoes, hothouse beans and green peas have receded. Following were yesterday's prices:— MEAT. Beef.—Sirloin. 10d per lb; rump_steak, 1b 2d: beef steak, 8d; rolled chuck" rib, 7d; prime rib, 7d; wing rib, 9d; corned round, 8d: tripe, 7d; dripping, 6d; suet and sausages, 6d; sausage meat, Sd;- gravy beef and shin meat, 6d; topside and flank. 7d. Mutton.—Leg, 9d; shank end, lOd; hindquarters, 9d; forequartefs, 7d; forequarter shank end,- 8d; shoulder, 7sd; neck, 7(d; loin, lOd; neck and breast, 6d; leg and loin chops, lid; neck chops, "8d; flap, id; cutlets, trimmed. Is Id. • - Spring Lamb.—Lejg, Is -4d; loin, ,1s 2d: hindquarters. Is 2d; foTequarters, ,Im. '- , VeaL—Loin, 9d; shoulder, .7d:,cutlets and veal steak, Is;' forequaiters, 6d. Pork.—Leg, Is; loin, Is Id; pork chops. Is 2d; pork sausages, Bd. . FISH. Fresh fish fillets, .terakihi; 7Jd per lb; schnapper, lOd; John- Dory.',Bd; kingfish, 8d; kippgred fillets,. Is 2d; lemon'fish, Bd;' gurnard, 3d; mussels. Is Gd a dozen; schnapper, whole. Gd per lb; terakihi, 4d; trevalli, 2d; mullet, Gd; flounder, Is; daba, lOd; hapuku steaks, Is .2d; fins, 6d; . kingfish steaks, 6d: Scotch kippers, is a pair; kippered terakihi fillets, Is; terakihi;' smoked. ] 7d; schnapper, lOd; mullet, 9d; trevalli, 6d; silver strip, 9d; crayfish, over .51b, 2s Gd each; rabbifs, Is each. Is lid pair; hares. Is 6d each; whitebait, 2s Id per lb; lrbst fish, whole, 6d per lb. FRUIT. - Apples.—Canadian, Jonathan and Grimes" Golden, G to 9 for la; Delicious and Cox's Orange, 5 to 8 for Is; Delicious, 7d; Sturmers, 5d to 6d. Lemons.—Local, 6 to .8 for Is; Sunkist, 2s 6d to 3s a dozen. Tomatoes.—Hothouse,- Is to' Is 2d per lb. Bananas.—4d to 5d per lb. Oranges.—Sydney Valencias, Is 6d to 2b Gd; Sunkist, 2s Gd to 3s a dozen.' Passion Fruit.—ls Gd to 2s a dozen. Pineapples.—Sd to li)d each. " New Zealand Grape Fruit.—G for." Is. . Grapes.—Californian, Is per lb.. Strawberries.—ls to Is Gd a "chip. Cherries.—Sydney and local. Is 4d to Is Sd per lb. .'•

VEGETABLES. Potatoes.—-81b for Is. Onions.—2d per lb. Lettuce.—2d to 3d each. Cabbage.—:3d to 6d each. i Rhubarb.—2d to 3d a bundle. per lb. . : j ; Cauliflowers.;—4d. to 9d each. Cucumbers.—Hothouse, -Is, to Is 6d each New- potatoes.—3lb for , Is. ■ H.H. Beans.—ls 4d. , v , : ■ Green Peas,.—6d. ' ' Asparagus.—6d to Is a bundle.. Marrows.—9d to Is each.

BACON AND HAM. Bacon.—Shoulder rashers, Is Id per lb; best rib rashers, Is 6d; by pieces, Is sd; shoulder cuts. 9d to Is'2d. Hams.—Whole, Is 4d per lb;- in rashers, Is 8d; cooked, 2s ad; shoulders', .co.oked. Is 9d. ' BUTTER AND CHEESE. Butler,—Factory, first grade, Is 8d per lb; second grade. Is 7d; . farmers',. Is 5.1; bulk butter, Is Sd per lb. Cheese, ordinary. Is 3d per lb; more matured, Is 6d. EGGS, >. Hen.—ls 2d a dozen. * , > Duck.—ls a dozen. AUSTRALIAN TIMBER INDUSTRY. NEW SOUTH WALES COMPLAINTS. The parlous condition of the timber industry in southern Kiverina in consequence of the operation of the' New South Wales Workers' Compensation Act and the child endowment scheme was emphasised last week by Mr. H. B. Douglas, who said that three mills in the Mathoura-Barham district, near the border and about 25 miles from Echuca, had already been closed and two others would probably be closed shortly. v

Mr. Douglas said that in 1925-26 the. five mills employed 161 men. In 1928-29 there were 118 men employed. By October 1 last the number had been reduced to 63 and in a recent week there were only 26 men employed. The mills had paid £5117 in respect of workers', compensation and child endowment. If the mills had been situated in Victoria the payments would, have amounted to only £l3ll. -Income tax in New South Wales was from 50 to 70 per cent. . higher than in ' Victoria. He added that about 98 per cent, of the timber from southern - Biveyina was marketed in Victoria. The: competition of the Victorian miils had resulted in undercutting.' In 1926-27 .timber was 27s per 100 super feet, but.early in 1928 the price was reduced to 20s IO^t?.

LONDON TALLOW MARKET. Dalgety and Company, Limited, report having received the following cablegram from their London house, dated November 27: —Tallow: Prices are nominally unchanged.

MELBOURNE HIDES; (Received November 2S, 10.15 p.m.) MELBOURNE. Nov. 28. At the hides sales competition was limited. Previous values were obtainable at times, with a .-slightly . easier dency. ... PROPERTY SALES. \. T. Mclndoe and Son- will offer-'ft t-auction at their rooms, Dilworth Buildings,'-at 11 a.m.- to-day eight-rodmed house; on-freehold property. 33ft. by 117 ft. 6in„ at 25, Curran Street, Heme Bay. Samuel Vaile and Sons, Limited, will offer at auction at their rooms, 83, Queen Street, at 2 p.m., -to-day,-chouse of sis rooms on section 60ft. by 232ft-., at 12. Seaview Road,- Remuera waterside: villa of six rooms, in Mountain. Road, Mount Albert, and adjoining- section on ; corner of Albert Avenue; at the request oi the mortgagees, five-roomed house, in Mount Alherf Koad; four-roomed dwelling, at 39.' Princes Street; Devonport; and bungalow of four rooms, in Lunn Avenue. Mount Wellington. » Messrs. Rutherford. Robinson and Austin will offer at auction at their rooms. Lister Building, Victoria Street, at noon to-day freehold city property, 102 ft. by 61ft., in Durham Street. West, or in four separate lots each 25ft. Gin. by 61ft. C. F. Bennett. Limited, will offer at miction at their rooms. N.Z. Insurance Buildings,. at noon to-day. freehold, section: by about 132 ft.» iri Shortland Street, City: under conduct of the registrar of Ihe Supremo Court, foul-roomed house on freehold section containing 32 perches, iu . Edwards Street. St. Heliers-Bay T. Mandeno Jackson will offer at auction at their rooms. 9, Commerce Street, at Ji a.m. to-day, ten : roomed residence oit lre '~ hold property, with frontages of SQf - Kcmuera Road and Mock of respectively, and depth of 20Qf., p o j. 0} acres, with 5i chains frontage to, lard Avenue and 13 chains to . Bw«.tea Road. New Lynn; property conttt'mn^ residences of-fori 1 and Rl * Y v e \v Lynn. I tensive frontage to Whau Ueek, JNew -uyu j