WORLD WOOL POSITION

New Zealand Herald, Volume LXX, Issue 21470, 19 April 1933, Page 7

WORLD WOOL POSITION

PRODUCTION MAINTAINED JAPAN'S HEAVY PURCHASES LONDON, April 17 On behalf of the Wool Statistics Advisory Committee, a review of the world wool situation at the end of ■j Match, issued by tho Empire Marketing Board, shows tliut in spito of live years of low prices, production is being maintained nearly level. Tho record years were 1928 and 1929. Tho countries in tho southern hemisphere generally have not reduced their output, although New Zealand and Uruguay have reported smaller sheep figures. American and Russian production has fallen lately, particularly tbe latter, whoso decline might bo estimatecl at 50 per cent of tho peak production, nearly 400,000,0001b., in 1929. A feature of tbe import trade was Japan's buying of 180,000,0001b. in J932, as compared with her 72,000,0001b. in 192(5, thus absorbing almost the whole of tho increase in the Australian production. SYDNEY WOOL SALES RATES MAINTAINED I ■ VERY STRONG COMPETITION (Received April 18, 9.45 p.m..) SYDNEY, April 18 i The Sydney wool sales wero resumed ! to-day, when 10,191 bales wero offered, and 8916 were sold. Also 1140 bales I were sold privately. j There was very strong competition in , all sections at prices fully equal to tho [ closing rates prior to Easter, with a | hardening tendency on classed clips. ; Creasy Merino sold to 15d. THE CITY MARKETS FRUIT VALUES HIGHER SCARCITY OF GRAPES I There was a fair demand for all j classes of fruit at the City Markets yesj terday, and prices for several lines i showed a firming tendency. Apples realI ised slightly higher prices than at last j week's sales, and pears also advanced in I values. Passion fruit were keenly sought ! and sold at about late rates. Oranges | wero also disposed of readily at slightly : greater values than last week, and I lemons, which were in short supply, I wero sold at prices which were little j changed. Decreasing supplies of grapes ; are now being offered, and Te Kauwhata j grapes will soon bo finished. Values were I slightly higher. | In the vegetable section competition was only fair arid most lines sold at about late rates, although green peas and beans were a shade dearer. Potatoes, kuinaras, onions and lettuce were plentiful. Very little poultry was disposed of yesterday. Prices remained level. Hen and duck eggs, which have risen in price during the past few weeks, sold at the rates ruling last week. Farmers' butter was unchanged. Prices were:—• FRUIT Apples, dessert, Spys, 3s to ss: Jonathan, 4s to Gs; Munro, Us to 4s fid; Bnllarat. 3s to ss; Delicious, Is 9d to 4s 3d; rejects and others. Is 3d to 2s. Pears. Louis Bon Jersey, 8s to 10s; Coles. 7s to 8s fid; KeifTer, 2s fid to 4s: Buerrc Deil. 2s fid to 3s 3d: reI jects and others. 2s to 3s. Passion fruit. 3s | to 4s 6d; persimmons, ]s 3d to 2s; bananus. I original pack, 15s fid to 17k; ripe. 18s to j 28s: oranges, Californinn, 3(is fid to 40s: I Fiji, 12s fid to lfis; Rarotongan, 20s to 235: j grapefruit, 40s; mandarins, Fiji, 13s to 18s: I tomatoes, outdoor, local, choice. 5s fid to j 9s: others 3s to 5s fid; capo gooseberries, j 2Jd to 3d a lb; quinces, 5s fid to 7s fid: j lemons, extra choice, cured, 14s to 17s: | others, Gs to 13s: grapes, To Kauwhata, choice, 10s to lis: others, fis; hothouse. Coleman, extra choice, In fid to Is 7d a lb: ' others, 9d to Is; Hamhnrghs, Gd to Is. FIELD PRODUCE Potatoes, Is to 3s a bag; swedes, Is fid to 2s fid; onions. Is fid to 2s fid; kumaras, Is Gd to 2s fid; cabbage, 3s to fis: on benches. Is fid to 3s fid; cauliflower, 5s to fis fid: on benches, 2s to 4s; pumnkins, best Crown, 5a to 5s fid a cwt: others. 2s Gd to 3s a cwt; cucumbers. Is fid to 4s 6d a dozen; carrots, Gd to 9d a dozen; pnrsnins. i 9d to Is; beet, Gd to 9d; parsnips, 9d to Is; beet, fid to 9d a dozen; turnips, fid; radish, Gd to Dd; spring oniops, 2d to fid: spinach. 4d to 8d ; leeks. Id to 2d; green pens. 4s to 8s Gd a bag; beans. Is 3d to 2s; marrows, Is to 2s; melons, 3d to Gd each: let-, tuce. Is (o 5s fid a case; celery, cooking, fid to 9d a bundle: dessert, Is to Is 9d: rhubarb, 9d to 2s a dozen. POULTRY Cockerels, heavy breeds, prime, 2s to 3a fid; not prime, Is up: light* prime, la (id to 2s- s net prime. Gd up: fat roosters, heavy, prime, Is 3d to Is 9d; light. 9d to Is 3d; fat hens, heavy. Is 3d to Is 9d: light, 9d to Is 3d; pullets, heavy_. best, 3s to ss; smaller, ]s up; light, best, 3s to ss: ' smaller. Is up; drakes, young, prime. Is 3d |to Is 9d: smaller. Is ut_>; old. Is to Is Gd: j »iticks, young. Is Gd to 2s Gd: old. Is to 1 s fid. DAIRY PRODUCE Hen e£gs, first quality, Is lljd; B grade. Is 8-lfl. C grade, Is 4Ad; duck eggs, first quality, Is 04d; B grade, Is 7Jd; C grado. Js 4Sd.. Farmers' butter, fid to 9d a lb. RELIANCE LOAN REDUCTION OF CAPITAL Reconstruction proposals, involving a reduction of capital, wero agreed to at a meeting of shareholders of tho Reliance Loan, Mortgage and Discount Corporation, Limited, held la fit week. Tho issued capital, which amounted to about £IOO,OOO, lias been reduced to £45,780, tho balance being cancelled. This involves a reduction of tho nominal value of shares, both preference and ordinary, from LI to approximately 10s. The amount of capital credited as paid up is £25.146, and the unpaid and uncancelled liability'on shares is £20,334. Mr. W. C. Whitney, chairman of directors, said the reconstruction proposals had been arrived at after several conferences with tho committee appointed b.v shareholders. The managing director, Mr. J. S. Emanuel, had completed very satisfactory settlements with tho company's Australian creditors. Mr. Emanuel said substantial reductions in the outstanding liabilities had been inado since the last meeting of shareholders. This had been made possible by the co-operation of the guarantors. The proposals were carried unanimously, shareholders expressing appreciation of tho work accomplished. Mr. I. Goodman was ro-elcctcd a director. PUKEKOHE PRODUCE PRICES [I'UOM OUlt OWN COJUtESI'ONDKNI'] PUKEKOHE, Monday With tho price at 4s 6d per cwt., f.o.r. Pukekohe, tho demand for Pukekohe potatoes shows a slight firming tendency this week. New season's onions aro dull of sale. They are also quoted at 4s 15(1 per cwt. CALL AND DIVIDEND LIST Dividends— Duo Electro. Zinc, pref.—arrears, half year ended Dec. 31, 1931, 4 p.o. Apl. 29 British Tobacco—pref., quarterly, (51 p.c. p.a. Apl. 29 E., 8. and A Bank—interim, 21 p,c. . . May 1 Bank of Adelaide—final, 4 p.o. p.a. May 8 N.Z. Investment Mortgage—final, 2 p.c. May Imperial Chemicals —final, ord., 3-5 p.o ..Juno 1 Calls— Colconda Mines. Ltd.—ld a share, making Gd paid To-morrow Waitahn Mining—fid a share, making 4s a share . . Apl. 26 Equitable Building (Wellington), £1 a share, making £6 paid, second payment of 5a . .. June 30