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COMMERCE AND FINANCE

DUNEDIN MARKETS. WHEAT AND OATS, ETC. (tan* of the districts is Otago have now ■ completed the threshing of the wheat crops. All the crop* on the Taieri have .been marketed, and any lines now coming 'on the .market are from the Central Otago and Clydevale districts. The wheat ob- ■ tainable from the Southland province will not be of any consequence, so far as the market conditions are concerned. The result* of the recent conference in Christchurch between the growers and the milllers are not very clear. Difficulties seem to have arisen in connection with tha proposals, and the arrangement under which tne growers ware to receive so much and the millers were to charge so much for their flour has not so far materialised. In the meantime grower* of wheat in Can’Wbury are firm holders. Tuscan wheat in •-the Otago district is quoted at 6g 6d per bushel, sacks extra, on trucks. Red chaff is worth 6s ICd and Velvet 6s 3d, on trucks, sacks extra. The demand for fowl wheat ia quiet, as x ibe*e is more than sufficient for local requirements. To-day’s value is 5s fid per ■bushel, sacks extra, eat truck. ’ Millers’ price* are ns follows : Flour.-2001b, £l6 16s; 100’s, £l7 10»; ffiO’s, £l7 15s; 25’s, £lB ss. ' Bran.—£6 10s per ton.

.. Pollard. £8 10s. _ Oatmeal. —25’s, £l9; 200’s, £lB, -■'• The firming in the oat market has not -.been maintained. Up to 2s fid on trucks -was paid for A’u, but merchants who paid this money found that they could not get an outlet for their purchases, and thcry had to put them into store. The market is now back to the level ruling before the ’holidays—namely, 2s 4d, sacks extra, on trucks, for A’a, and 2s 2d. for Be. Practically no inquiries are being re- ■ oeived from the North Island for oats for feed purposes. Millers also are not operating. On the other hand, farmer* are disinclined to sell at the current rates. Busi--ness as a consequence in the oat market Is rather limited. Supplies of chaff coming forward are ' sufficient to meet the demand, which is ’quiet. The present quotation is £4 15s ■per ton, sacks extra, ex truck, for best quality. - The bulk of the local requirements is still coming from Canterbury, as cutting is not so far in full swine in Otago. 'Medium and fair quality is hard to quit. - - Little interest is being shown in the 'potato market, and merchants complain jthat for some reason or other the consump tivo demand is not as great as usual for "-this time of the year. Consignments are Sot heavy owing to the broken weather preventing digging, but nevertheless there is "no shortage of supply. Potatoes are hard to quit to-day in ton lots at £4, sacks included, ox truck. Sales have, indeed, been made below this figure in order to effect «. clearance. The bulk of the ryegrass seed has sow been marketed. Machine-dressed is firm at late quotations. Some buyer* are showing an interest in certain lines, but others again are bolding off, as there is not much demand for this time of the vear r r'seeds The crested dogstail market remains firm. Produce lines are quoted wholesale as follows ’ Chaff, £4 10s to £4 13a per ton for beet quality. " Potatoes: Ton lots, up to £4. Eggs: Stamped. 3s j case, 2s lOd; preserved, 2s 2d. .'Dairy Butter: Milled bulk, la Id to Is 8d; pats, lg Id. j Bacon, Is 2d per lb. .'Hams, Is 2d pier lb; boneless. Is 3d. , Canterbury onions, 5s 5d per owt. FRUIT AND VEGETABLE MARKET. ‘ ■' Supplies of both dessert and cooking apples have eased off, and price* show a firming tendency. Pears are also In short supply. Good ‘dessert sorts are wanted. A small consignment of bananas arrived ejt Wingatui. The quality wa* good and prices ruled high. ' A line of Island oranges is due to arrive ..next, week. These should meet a sound .inquiry. Italian lemons have reached the market. These were in good order. Peaches are almost finished for the '•Reason. .•/.'Towards the end of the week supplies of - tomatoes eased right off, and prices as a ■result Lave firmed. ■..’A few pie melons are arriving from the north, A small shipment wan also landed -•a the Moerakl. Passion fruit is scarce and wanted. < .Grapes are in short supply, and prices are fairly firm. The first of the season’s celery has come to hand, and prices are firm. - Vegetables have a normal inquiry. . ..Current wholesale prices are as follows ! Apples.—Delicious, 8a 6d to 10s per ease; Jonathans, 7s to 8«; Cox’s Orange Pippin—choice 9s to 12s. medium 7» to Bs, Stunners, choice 8s to 9s. cookers 6s to 6s 6d. - Bananas, ripe, 30s to 35s per case. . Tomatoes.—Christchurch firsts 2d to 3d, cooking Ijd to 2id per lb; local hothouse, .fid to 7d; Central, 2d to 3d., -v •Pears.—Dessert, 3s fid to 4s per half .eoso; cooking, 2s fid to 3s fid. .--.Grapes, Is 2d to Is 4d per lb. - -Quinces, 2d to 3d. per lb. H Lemons.—Californian and Italian, 4fje per double case. - -Peaches, 5s to fis per half case; orates, .2d to 4d per lb. Green peas, fid to Bd. ■■ French beans, fid to 3d; runner beans, 3d .to 4d per lb. ■ Potatoes, 4s fid per cwt. Cucumbers.—Hothouse, 4s fid to fis per dozen. , -Pie melons.—New Zealand, 10s to 12s per cwt; Melbourne, 15s to 16s. Carrots, 5s to fis per cwt. - Pumpkins, 10s per owt. Vegetable marrows, 8a per cwt. Cauliflowers, 8s to 10s per sack (choice only); others, 3s fid to ss. Parsnips, 8s per cwt. . Swede turnips, 3a to 4s per owt. Cabbage.—Choice, 2s to 4s per sack; others, Is to 2s. V- Young onions, np to 4d per bundle. DUNEDIN SAVINGS BANK. TRUSTEES’ ANNUAL MEETING. RECORD OF INCREASING PROSPERITY. r The annual meeting of the trustees of & Dunedin Savings Bank was hold on rsday afternoon. Mr n. L. Denniston •was again appointed president for the ensuing year and Mr E. A. Rosovoar was elected deputy-president. The balance sheet presented by the manager, Mr James Quailo, showed that the amount to the credit of depositors on March 31, 1927, was £1,400,782, us against £1,221,501 at the end of tho previous year. The total withdrawals were £552,671 and the deposits £772,401. as compared, with withdrawals of £542,033 and deposits of £723,401 the previous year. During tho 12 months tho number of depositors had risen from 13,945 to 17,207. In tho books of tho head office the number of depositors stands at 12,886 for a total of £983.042 14s lid; South Dunedin branch, 2756, for £267,527 13s 4d; NorthEast Valley, ' 1565, for £145,211 18s 7d. Taken comparatively, these figures give tho increases in deposits for the year as follows; —Hoad office. £79,306 Cs 9d : South Dunedin, £48,441 19s 11<1: Nort-Eart Valley, £51,533 0s sd—a total increase for tha 12 months at the three offices belonging to the hank of £179,281 Is Id, Tho popularity of tho bank is proportionate, each of its three offices participating'. This is plainly shown by the increase in the number of depositors, during tho year. At the head office this increase was 2134; at South Dunedin. 631; at North-East Valley, s f '7—a total increase fpr the 12 months of 3262. Tho amount of interest credited to depositors for the past venr is as follows: Head office, £42.820 6s 10d; South Dunedin. £11.106 10s: Nortl.-Knst Valley, £5624 10s lid: totalling £-59.351 7s 9d — an increase for the year of £9295 10s 3d. The credit for the year on (ho profit and loss account stands at £7255 10s 9d, an increase on the previous year of £1515 15s 4d, and during tho year a grant of £IOO6 was made to tho University of Otago for tho Museum extension fund. Instructive and encouraging are the figures of the statement as to the ouick growth of the Dunedin Savings Bank businumber of depositors for the year tnded March of 1922 was 6396; to-day it ttanda at 17.207.

JjOCAL AND OVERSEAS MARKETS.

The amount to tha credit of depositor* has swollen in the same period from £690,407 17s to £1,400,782 6* lOd. At the South Dunedin branch the sum lying to the credit of depositors in 1924 was £105,231 fis 8d; to-day it is £267,527 13s 4d; whilst the number of depositors has increased from 1015 to 2756. As to the North-East Valley branch, the first statement was made last year, showing £93,678 10s 2d to the, credit of 1058 depositors; now the credit is £145,211 18s 7d, belonging to 1565 depositors. The statement of accounts was adopted as presented, and that practically concluded the business of the meeting. Nothing was done in tha way of dealing with the accumulated profits of tha year, but it is understood that the trustees intend to make some allocation, the amount and the purpose of which will be the subject of discussion at a special meeting. TAIERI ANNUAL HORSE FAIR. Donald Reid and Co. (Ltd.) report having held their thirtieth annual Taieri horse fair at the Allanton yards on Thursday, April 28, when they offered an entry of 91 unbroken draught colts and fillies, and 96 broken-in draught mares • and geldings. There was a large attendance of the public, buyers being present from North and South Canterbury, Oamaru, Central Otago, Kelso, and Gore districts. Competition for all good sprta was keen, and prices for these were fully up to last years rates, but stale and inferior sortn were very hard to dispose of, and low prices had to be taken to make sales. In the unbroken section the top price of £45 was obtained by Mr J. James, Middlemarch, for a three-year-old gelding, and the same owner obtained £39 for a colt of the same age. The following are some of the sales made:—Account D. Andrew (Tiroiti), two-year-old filly, £4O; Wm. Wirk (Mosgiel), two-year-old filly, £4l; Walter Blackie (Mosgiel), two-year-old filly £35, two-year-old colt, £37; Thos. Thompson (Maungatua), two-year-old colt £3O, two-year-old colt, £33 10a; T. J. Gawn (North Taieri), two and a-half year old colt, £36; T. Carruthera (Middlemarch), two and a-half year old colt, £34 10a; R. Sprott (Momoua), four-year-old filly, £35; J. G. AVyllie (Outram), two and a-half year old colt, £3B 10s; Jas. Gow (Invermay), two-year-old filly, £35; Peter Bathgate (Outram), three-year-old colt, £35; J. W. Blair (Outram), three-year-old colts, from £3O to £34 10s; D. Ford (Momona), two and a-half year .old colt, £33. A very large number realised from £2O to £29. , The broken-in class was not so good in quality as last year, the entry of superior horses being fewer in but again the demand was satisfactory tor all young, sound mares and geldings. The top price of the day was receive/* by Mr D. Ruthven, Mosgiel, who secured £SO for a splendid five-year-old gelding showing plenty of substance and quality; while Mr John Campbell. Momona, obtained £46 for a fine four-year-old gelding. On account of Mr T. Wishart, Henley, a four-year-old gelding brought £4O; on account Mr D. Ruthven six-year-old marc, £4O; on account Mr Geo. Ford, Mosgiel, £4O 10a. Other mares and geldings brought from £2O to £32 10s, but old sorts brought only from £5 to £ls. Of the entry the auctioneers sold at auction and privately 101 horses.

APPLE SHIPMENTS. The secretary of the Otago Provincial Fruitgrowers’ Council (Ltd.) advises that the High Commissioners cable report for the week ended April 23 on the fruit market in London is as follows: — Apples.—Cambridge and Mahana shipments cleared. Prices are; —Cox’a Orange, 18s to 25s per case; Jonathan. 16s to 17s; Dunn’s Favourite, 14s to 16s; Worcester Pearmain. 14s to 15s; Alfnston, 15s to IGs; Wolseley, 13s to 14s; Premier, 13s to 14s. The lonic is discharging some waste Cox’s Orange and pears. DALGETY AND CO.. LTD. The board of directors of Dalgety and to. (Ltd.) has declared an interim dividend of la per share, payable on May 17 next. PROPERTY SALE. Measr* N. and E. S. Paterson (Limited), report having submitted to auction during the week a freehold property on Bay View road, being sections 9 and 10, block XLVIII, St. Kilda, together with a fiveroomed house. The property was passed in under the hammer, but was sold iituxiecliately afterwards to Mr John Kyda at a satisfactory figure. DAIRY PRODUCE MARKET. The Otago Farmers’ Co-operative Association of N.Z. (Ltd.), has received the following cable message from its London office: The butter market ia quite, but steady, after some weakness. b New Zealand is quoted at 1525, Cheese is steady at 76a, LONDON MEAT MARKET. The Otago Farmers’ Co-operative Association of N.Z. (Ltd.), has received the following cable message from its London The market is firmer for lambs and mutton owing to reduced supplies. The beef trade is poor. CHICAGO WHEAT MARKET. (Pres* Association —By Telegraph—Copyright.) NEW YORK, April 28. Chicago wheat: May, 134 J cen b> P° r bushel; July, 129|; September, 129—A. and N.Z. Cable. ANTWERP WOOL SALES. (Pram Association —By Telegraph Cop/rlght.) ANTWERP, April 28. At the wool sales 5000 bales weso offered, but only five were old. The market was lifeless.— Argus and Sydney Sun Labio. PROVIDENT LIFE ASSURANCE COMPANY. ANNUAL MEETING. Tho annual general meeting of the Provident Life Assurance Company was held ac the head office of , the company, Uun- , edin, on Friday, April 29. . The total now business completed lor the rear was £355,706, an increase of £39,000. Tim premium income was £104,0Jl os in, while tho total income had increased by £l3 691 IBs, and amounted to 13s 7<l. ‘ibc sum of £41,895 10s Id was paid in claims, and £32,244 lis fid was added to the funds, which amounted to £685,913 7s 9d at tho end of tho year. Tho chairman (Dr W. S. Roberts), in moving the adoption of the report and balance sheet, drew attention to the fact that tho income had increased by ..100,000, and the funds by £443,000 during tho past seven years; while tho rate of incuease /night have been 'accelerated by spending more money, ho was satisfied, that this was not in the interests of policyholders. Ihe bonuses were already excellent, and would improve year by year so long ns the business was economically conducted. In the ordinary branch it had cost the compartv no muro than £2 6? Del for cadi £IOO of new business while the renewal expenses of each £lO6 assured was only 4s Ed.

There were no outstanding premium in any of the accounts, and this was amatol of which they were very proud : ho did not remember to have seen a similar case in any life assurance accounts before. Over 90 per cent, of the imnany’s in--■e-dments were in Government ami municipal i!--henr"res. and while the rate of interest bad fallen during the year, this was due to the fact that they wore still charging their policyholders a v . p ry low rate of interest for loans on policies. 'fine report was adopted, and tho meeting closed with a veto of thanks to tho chairman. —Advt.

LONDON MARKETS. CPim» iMooUtlon—By T«l»gra pi—Copyright.) LONDON, April 28. Wheat cargo trading ia fairly active on Home and Continental account, but the demand for an advance of 3d to 6d ha» restrained buvor*. Parcels are in moderate demand at Sd over late rates. Liverpool futures: May, 10s 7£d; July, 10* sid; October, 10s 2Jd. The spot trade is fairly active, with prices tending upward. Flour ia firm. Oats are firm. Pea* and beans are quiet.—Argua and Sydney Sun Cable. Messrs Dalgety and Co. (Ltd.) advise having received the following cablegram from their head office, London, dated April 28, 1927:—. „ , . , , . The market lor New Zealand lamb is firmer, and the demand runs principally on light-weights. The market for New Zealand mutton is-firm owing to light stocks. The demand runs principally on light-weights. Now Zealand beef is unchanged, and the demand is poor. Australian lamb is firm owing to light stocks, and the demand runs principally on poorer qualities. Australian mutton is firm, and the demand is moderate. , New Zealand prime Canterbury lamb, 28-361 b, 9Jd; North Island, 84d; Canterbury, 36-421 b, '’id; North Island. old; New- Zealand prime Canterbury lamb, second quality, BJd; North Island, 8d; Canterbury lamb, 42-501 b, 8 Jd: North Island, 8d; Canterbury mutton. 48-ablb, ajd; Canterbury, 50-041 b, North Island, 5Jd; Canterbury mutton, 64-721 b, 4Jd; North Island. 4id; New Zealand prime Canter’’ iry ewes. 48-041 b, 3fd, North Island, 3Jd; G. A. Q Australian lamb, 28-301 b, 8d; 36-421 b, 7Jd; F.A.Q. Australian lamb. 28-361 b. not quoted: F.A.Q. Australian mutton, 40-oOlb, Jja, New Zealand prime ox beef hinds 4d, fores 3id; Argentine chilled hinds 4Jd, fores 2 id; English porkers, 80-lOOlb, l|d; New Zealand baconers, 120-1 1 01 b, 72d, 1701 b and over, Old. The market report for butter and cheese is steady at orenent prices. Price for Danish butter. 162 s to 104 s; Australian finest unsalted, 160 sto 162 a; salted 151 b to 153 a; New Zealand butter, 151 a: to 1535; Canadian spot cheese. 84s to 9bs, New Zealand .heese, white, 7os to 70s, New Zealand cheese, coloured. /5s to // s. . BALCLUTHA STOCK SALE. (From Oca Own r.oanitapoKDKMT-l BALCLUTHA, April 29. To-day’* yarding of sheep wa* small by comparison with recent weekly yardmgs, the total being 2500 There was quite a good tone throughout the market. fat lambs sold at 22s 6d to S4s, fat ewes Us 6d to 14s, fat wethers 20a 6d to 28a two, four, and fix-tooth ewes 32s pd, ewe lambs 20s Id, forward lambs 15s 9tl to 20a, smol store lambs 6s 6d to 10s, fail.ng-nioutbod ewes 5s to 10s. sound-mouth ewes 20« Sd. There was a fair yarding of cattle- bat cows sold at from £7 to £8 12s 6d, fat steers £7 10s to £7 12s 6d, fat heifers £5 103 to £7 10s.

MELBOURNE MARKETS. fPresa Association B* Tsloeranh- OopTrlaht^i MELBOURNE, April 28, Wheat: Firm, 5s 6d to 5s 6Jd: sellers scarce. . ‘ Flour: £l2 St and £l2-10s. Oats, 5» 9d to 4t. , Barley: English, 4t and 4a Id; Cape. 5s 6d and 3s 7d. Potatoet: £4 lOt and £5. Onions: £3 15s and £4. BANK OF ENGLAND RETURNS. (Press Association— By I»Rnu>h < opyng&t. I LONDON. April 28. The following are the Bank of England returns: — ISSUE DEPARTMENT. Note circulation- 000 Notes in reserve ... _ £172,262.000 Government debt WK) Gold coin and bullion 15 I’7«’ooo Other securities , £172,262.000 banking department. Proprietors' c.pil.l “JuiOOO Sic doposi,.- - r gmjj Other deposits ... 1,0,0 Seven-day and other bills I ■^ £126,492,000 Government securities - ... Other seouritie. - S 4 746 000 Notes m reserve . 4 Gold end silver com ... £126,402,000 The proportion of reserves to liabilities i» 33.40 ier cent. Short loan, are quoted at § pe r cent., and throe-month biU. are quoted at 3j«per pent.—A. and N.Z. Cable. Messrs Fraser and Co., agents lot the Otago Egg Circle, report as undcrt-Eg_g Circle eg(j», 3s; case eggs, 2« 9d. W« Market firm, from 21s to 26s Honey Good demand, prime bulk, 5d to Sja undergrade, 3id to 4d; 101 b tl ° s ' d ss p - ’ sections. 9d. Butter-1 lb pats. Is IA. Pw —Good bacon weights, 7d to Ud 7d to 7id; over-weights, 3d to 6d. We are agents for Pareora Moat Meal. We stock Star P. Chick Food. l««ne J meal poultry meal, oats, maize, whcat bran ; and pollard, Champion egg cratM, 18a 6d, leg rings, 1» per dozen (special quotes for quantities). We he d our usua sale on Wednesday. Competition for all linos was keen, we sold as under;-Plena. Inferior, 3s; good white Leghorns from 3s 6d to 5s 8d; heavy breeds 4s _ to 63 ’ ducks (market easier), 5s 6d to 6s, ducK lings (small), 4s 6d • well-grown. 6s to 10s Cockerels (small) Is to 4s 6d; best from 6s to 10s; geeso. 8s; all at per pair, lur keys—Hensf la id; and gobblers, is 3d P Census note that pigs and poult™ must arrive not later than Wednesday morning of each week. We have a slock of poultry crates on hand for the use of our clients.

BRAY BROS. (LTD.), FRUIT AND PRODUCE MERCHANTS, DUNEDIN. Can Supply Carrots for Rabbit Poisoning. Write them for Quotations. —Aavt.

THE SHARE MARKET.

DUNEDIN STOCK EXCHANGE. Although the Stock Exchange is as yet unsettled business has 'been fairly ‘brisk since the opening on Tuesday. Before the F/aster holidays an unusually quiet period was experienced, but present indications are that business has come back to normal. There ha* been no outstanding activity in banking shares, though a fair turnover in Bank of New Zealanas at 60s has been reported. The best offer at present is 59s 6d, but sellers are standing firm at 60s 3d. The “long” D issue ia offered at 6s 9d premium without inquiry. _ Bu&inea* was reported in National Bank of New Zealands at £7 ss, The present offer is £7 3s. . E. 8. and A. Banks are inquired for at £8 10s. . Breweries are quiet. New Zealand Breweries shares are wanted at 51a a slightly weaker offer than that made before the holidays. The Debentures are offered at 245, but no better offer than 25s has been forthcoming. Inquiry for Staple# has advanced from 37s to 38s. but sellers are giving no sup port. National Insurances also show an improvement of Is, sellers’ answer to buyers quotation of 74s being 75s 9d. New Zealand Insurances are also better, buyers offering 36s lOd. p. and O Deferred Stock, which has increased in value, has changed hands at £264 The closing quotation* were £2 on either side of that price. Seller*-reply, at 20s fid to an inquiry at 20s 2d for Union Steam*. Westport Coals have attracted more attention a parcel finding a buyer at 55* fid during the week. Westport-Stock ton, are in keener demand, and Is 7d is available tor the ordinary issue. v Both issue* of New Zealand Refngeratings are weaker. British Tobacco* are firmer, but inquiry at 52s has failed to attract a seller _ Dominion Rubbers, which are cum. dividend, changed hands early in the week at 48a. They are still available at that price, but buyers will not give more than 465. There has been some business in Milburn Lime and Cements at 26s 6d. An improved offer of 21s is made for Now Zealand Milk Product . Debenturebut none is on offer at les* than 24s fid. Kawaraus improved to 5a 2d on Wednes day, but sales were made later at 3*. That price is offered at present, sellers asking 3* 3d. A parcel of the preference isaue ot Electrolytic Zinc* was turned over at 34* 6d yesterday, and 54s Id. was offered after wards, when further lots were available at that price. St. Bat.han* A’* found a buyer at 3s. Government stock is'firm Better offers are made for the 4i per cent, issues. Sales: P. ur.tl O. Deferred Stock £264 (two sales); Electrolytic Zinc (pref.) 34s 6d; St. Bathans (A Issue) 3s. Sale reported; Commercial Bank (new issue 5s paid) ]4s. The following are yeetorday afternoon’s buying and selling quotations, which are subject to the usual brokerage: BANKING. Bank of New South Wales—Buy £SO. Bank of Now Zealand—Buy 5Ss 6d, • sal 60s 3d. Bank of Now Zealand (D Issue) —Sol 6s 3d prom. Commercial Bank —Buy 30* 3d, *ol 51s, National Bank —Buy £7 sa, sel £7 6a. E. S. and A. Hank—Buy £8 10s. BREWERIES. Now Zealand Breweries (Ltd.) —Buy 51s, sel 52* fid. New Zealand Breweries, Dobs. —Buy 255, sol 245. Ward and Co.—Sol 42« 9d,' Staple*—Buy 38s. INSURANCE. National Insurance Oo.—Buy 745, eel 75s 9d. „ Now Zealand Insurance Co.—Buy 36s lOd. South British Insurance Co.—Sol 565. Standard Insurance Co. —Buy 56» 9d. SHIPPING P. and O. Deferred Stock —Buy £262, sel £266. , , _ „ U.S.S. Co. (prof.)—Buy 20s 2d, sol 20s fid. COAL. Westport Coal Co. —Bay 355, sol 35s od. Westport-Stockton (ord.) —Buy Is 7d, sel 2s 4d. Westpprt-Stockton (prof.) —Sel 3a LOAN AND AGENCY. Dalgoty and Co.—Buy £l6, sol £l6 15a. National Mortgage—Sel 675. Perpetual Trustees—Buy 60s. Trustees. Ex. and Agency—Buy 595. MEAT PRESERVING. Canterbury Meat —Buy £8 la. Now Zealand Refrigerating (pd.)—Buy 14s, sol 15s fid. New Zooland Refrigerating (oont.) —Buy fis fid, sel fis 9d. MISCELLANEOUS. Auckland Amusement Park (ord.) —Sel 14* fid. Auckland Amusement Park (pref.)—Sel 20s. British Tobacco— But 625. Brown, Ewing (ord.) —Buy 30* 9d, Brown, Ewing (prof.)—Buy 20» 3d. Bruce Woollen Co. —Sel 15*. D.I.C. (ord.)—Sol Us prom. D.I.C.’ (prof.)—Buy 21s, sel 22a. Dominion Investments—Buy 20* fid. Dominion Rubber —Buy 465, sel 48*. Donaghy’s Rope and Twine—Buy 34*. Milburn Limo and Cement —Buy 265, sel 275. Milburn Limo and Comont (now ukjo) Sel 3a 7d prom, Mosgiel Woollen Go. —Buy £6 4s. M’Lood Bros. Soap—Buy £25. National Electric—Buy 14s, sol 15s 3d, New Zealand Guarantee Corporation— Sol 10s. , , „ Now Zealand Hardware (ord.) —Buy 4* 9d, sel ss. Now Zealand Milk Product Debentures —Buy 21*, sel 24* fid. Now Zealand 'Paper Mills (ord.)—Buy 17a 3d. Now Zealand Sugar of Milk —Sel 24s 9d. Taranaki Oil—Buy 9». Wilson (N.Z.) Cement—Buy 34*. MINING. Kawarau G. M. Co.—Buy 3a, sel 5s 3d. Nckomai Sluicing—Sel 35>. Waihi—Sel 18s fid. Waihi Grand Junction—Buy Is, sel Is Electrolytic Zino (pref.)—Buy 34s 4d, sel

34s 6d. Electrolytic Zinc (ord.) —Buy 34*, sol 34s 6d. Mount Lyoll —Buy 27s Id, »ol 28a. St. Bathan* (A Issue)— Buy 2a 7d, Bel 3s 3d. Molyneux Electric —Sel 19s. Upper Nevis—Buy 9d prom., sel 2a 9d prom. Big Boaoh —Sel Is 6d disc. WAR BONDS. 44 per cent. Bonds, 1930 —Sel £97 6s. 44 per cent. Bonds, 1938 —Buy £96 10s, sel £97. 4i per cent. Bonds, 1939 Buy £96 10a. 5j per cent. Soldiers’ Bonds, 1933—8uy £lOl 2s 6d. 44 per cent. Inscribed, 1938—Buy £96 10s. 44 per cent. Inscribed, 1939—8uy £96 10s. 54 per cent. Soldiers’ Inscribed, 1933—8uy

5 per cent. Postal Bonds, 19#7 —Buy £9B 15s. 5 per cent. Postal Inscribed, 1923—50 l 5A nor cent. Bonds, 1926—8uy £lOl. 5i per cent. Inscribed, 1936 —Buy £lOl.

NORTHERN EXCHANGES. (Per United Press Association.) The following business was done on ’Changes yesterday:— Auckland.—Sales: 4£ per cent. \Var Bonds (1933), £S6 17s 6d; 4J per cent. Inscribed Stock (1938), £95 15s; 4i per rent. Inscribed Stock (1939). £96 15s; Bank of N'ow Zealand, 60s; Fanners’ Co-operative Auctioneering (A prof.), 17s 9d; Ilclherington Collieries (cont.), 4s 6d; Milne and Choyeo (debenture stock), 24s 3d; Lucky Shot (cont.), 2s 4d. Wellington.—Sales reported; 4i per cent. Inscribed Stork, £96 10s (three parcels); X.Z. Breweries’ debentures, 24s 3d. Christchurch—Sales reported: New Zealand Government 4i per cent. Inscribed (1955). £96 12s 6d; New Zealand Government 5 per cent. Bonds (1927), £99 ss; Flectro’ytic Zinc (prof.), 34s 8d (throe parcol-) Sales on ’Change: N.Z. Drug Co. (new) 62s 6d; Bank of Now Zealand, 59s 9d ■

CANTERBURY MARKETS. (Peb United Press Association.) CHRISTCHURCH, April 29. There has been »otna foe in, regard to th* wheat arrangement*, but it is being gradually dispelled. The agreement is that, conditional on the price of “our being raised from £l6 5* to £l7 a ton. fo-b., Lyttelton, fr<?m now on to the and of Uocember, miller* will pay 6* a bushel, t.0.b., sacks in. Flour is depressed by importations below that price.' Wheat will «o»e accordingly. , ~ , . ... Flour boats took to Auckland m April over 20,000 sacks of -otatoea. Another vessel is due to leave to-da- and one tomorrow with additional supplies, and the result is that the Auckland market is glutted and likely to be for some time to come. Prices to-day are down to £3 a ton on trucks. Up to £4 was paid a month ago. It is undoubted nevertheless as bearing on the future values of potatoes that the long spell of drv weather has affected yields. The tubers have matured ve~ early, with consequent ligh; yields, and second growth has been very prevalent. An average yield of 4i tons has been suggested as against 6 1-3 tons last season. In spite of the n resent stagnation the forward market is firmer. May and June deliveries, which were quoted as low as £4 2s fid, f.0.b., s.i., were sold yesterday at £4 7s fid and to-day, here were no sellers at this price July and September deliveries are quoted at £5 12* fid, but there are few sellers under £6. A Gar tone were sold yesterday at 8s Id, f.0.h.8.i.. but there is 'really nothing doing and the trend of the market is easier. From 2a 3d to 3s ia quoted on trucks for A’s, and up to 2a Id for B’e. Duns, according to quality, are worth from 2s to 2a fid. and Algerians 2s to 2s 3d. Peas are worth 7« to 7a 3d on trucks. Ryegrass and clovers show no change in value or demand, and cocksfoot ia in the same position. OAMARU MARKETS. (From Ocb Own Correspondent.) OAMARU, April 29. The grain market has shown some a< ' ivitv in Oamaru this week, though the movement* of wheat have not been on a large scale. The progress of negotiations between the northern millers and wheatgrower* is here awaited with interest, and in the meantime local growers show a disposition to hold Sales of Tuscan wheat have boon made at 6s 2d and 5s 3d on trucks. Several parcels of Hunter, have changed hands at 5? lOd with a shade higher for seed quality. Dreadnought has <o!d at 5« 3d and Velvet at 6s 3d. The oat market continues to be lifeless and what few sales have been made have been to the purchasers' advantage. One sale of good brighten oaten sheaf chaff ha« been made at £4 per ton, but the average ruling price is from £3 to £3 5s per ton. A sale of fowl wheat ia reported at 4s lid per bushel on trucks. Potatoes are coming in slowly and the prices offering vary considerably according to quality. . One or two small parcels of Chevalier barley have changed hand? at 3s 0d per bushel. The seed market does'not show much animation.

- A fair amount of business has been done in live stock A line of store lambs, mostly wethers, was sold at Iss fid. and cull lambs ai 10s fid Light fat wethers have realised 21s, fat ewe» 13s, and fat lambs 345. As high as £9 ha* bean obtained for fat cow*. £6 10s to £9 for light fat steers, £5 for light fat heifers, £4 10s for two-year-old steers, and £5 for cows with voalers at foot. The market for pigs is not as brisk as it was some weeks ago owing to the diminishing milk supplies.

P. AND 0. DEFERRED STOCK. (Fr*M Asaoolatlon —Bt Telezraph -Copyright.) LONDON. Anril 28. (Received April 29, at 9 p.m.) P, and O. deferred stork is quoted at £265 (ox. dir.) —A. and N.Z. Cable. NEW ZEALAND LOAN AND MERCANTILE. (Praia AeaoolaUon—By Telegraph -Copyright* LONDON. April 28. (Received April 29, at 9 p.m.) The New Zealand Loan and Mercantile Agency Co has declared an interim dividend of 3 per cent.—A, and N.Z. Cable, * A NEW ZEALAND LOAN. . FLOTATION OF £6,000,000 REPORTED. (Frew Aseoolatlcm— By Telegraph—Copyright.) LONDON, April 28. Tha Morning Post says that New Zealand i» underwriting a loan of £6,000,000 at 5 per cent. The price is not stated. — A. and N.Z. Cable. DAIRY PRODUCE. LONDON MARKET PRICES, (Frm Association—By Telegraph—Copyright.) LONDON, April 28. (Received April 29, at 0 p.m.) Butter is quiet and a shade easier. Choicest Australian aaid New Zealand salted, 160 ato 1525. Danish is weaker at 160 s. Cheese is steady. New Zealand, 75s to 76a: Australian, 73s to 74s. —A. and N.Z. Cable. THE BRADFORD MARKET. (Frees A»*odation—By Telegraph—Copyright.) London, April 28. (Received April 29, at 9 p.m.) The Bradford market is quiet, tmd topmakers are showing a tendency to book forward at lower prices. Quotations are unchanged.—A. and N.Z. Cable. LONDON METAL MARKET. (Free* Aeeoclatlon—B-* Telegraph- Copvncht.) LONDON, April 28. (Received April 29, at 10 p.m.) Copper: Spot, £54 14s 4Jd; forward, £55 5s 7id. Lead: Spot, £25 13s 9d; forward, £26 sa. Spelter: Spot, £29 6s 8d; forward, £29 8s 9d. Tin: Spot, £295 11s 3d; forward, £290 2s Cd. Silver: Standard, 25Jd; fine, 27 15-16 d per oz. —A. and N.Z. Cable.

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Bibliographic details

Otago Daily Times, Issue 20086, 30 April 1927, Page 8

Word Count
5,374

COMMERCE AND FINANCE Otago Daily Times, Issue 20086, 30 April 1927, Page 8

COMMERCE AND FINANCE Otago Daily Times, Issue 20086, 30 April 1927, Page 8

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