COMMERCE AND FINANCE

Otago Daily Times, Issue 20426, 5 June 1928, Page 6

COMMERCE AND FINANCE

SALE OF SHOW STOCK. Stronach, Morris and Co. yesterday sold: For A. Carruthers (Ngapuna). firstprize bullock, under two years, £lB 10s, to W. W. Duke and Sons (George street); heifer under two years, £7 15s, to James King (St. Kilda); R. Jopp (Chatto Creek), first-prize pen of heavy halfbred wethers, £3 os, to Charles Samson (Kensington) ; second-prize pen of heavy wethers, £2 13s, to Arthur Bolwell (George street); pen of second-prize wethers, £2 11s, to Arthur Bolwell (George street) ; pen second-prize wethers, £2 13s, to Peeb(es and Halligan (Prince Albert road) ; pen of three heavy wethers, £2 7s. to Erie Bolwell (St. Clair) ; Milligan Bros. (Crookston), pen heavy wethers (third prize), £2 14s, to C. Bardswell (King street); Southland Frozen Meat Co., 3 cross Down wethers, second prize, £3 Is, to W. Swale (Limehills); three freezing sheep, second .prize, to R. Storer (Maori Hill), £2 8s; three fat lambs, second prize, 375, to W. Swale (Limehills); A. Bathgate (Crookston), pen three heavy wethers, £2 9s, to C. Samson (Kensington); F. C. Taylor (Crobkston), pen heavy wethers, £2 7s, to T. J. Harrison (Port Chalmers); W. Moynihan (Ngapuna), pen freezing lambs, second prize, 365, to C. Samson (Kensington). Dalgety and Co.. Ltd., yesterday sold: For R. T. Kirk (Mosgiel), 1 bullock, third prize, under two years, 1 £2l 10s, to W. Duke and Sons, Ltd., 1 heifer, first prize, under three years, £l7, to Barton and Trengrove, 1 heifer, first prize, under one year, £l2. to D. Cunningham; Southland Frozen Meat Co., three wethers, first prize, £3 15s, to Bennett and Houston, three wethers, third prize, £2 11s, to C. Bardwell, three Corriedale cross lambs, first prize, £2, to D. Thomson; William Lindsay (Wajlacetown), three crossbred longwool lambs, first prize, £2 9s, fb M'Hugh Bros., three bred and fed 1 by exhibitor, £2 ss, to M'Hugh Bros; Holgate’s Estate (Balclutha), three crossbred longwool lambs, bred and fed by exhibitor, third prize, £2 ss, to W. Smith. CANADIAN COMPANY’ IN LIQUIDATION. BONDS CONFISCATED. (United Press Association.) (By Electric Telegraph—Copyright.) VANCOUVER, June 2. Policy-holders throughout Canada are affected to the extent of several million dollars through the voluntary liquidation of the Dominion Gresham Guarantee Casualty Company, of Montreal. A statement by the officials in Eastern Canada indicates that the failure is the sequel to proceedings instituted by the Government to confiscate 2,000,000d0l worth of bonds deposited by the company for liquor shipments. At the recent Customs, investigation counsel argued that many of the bonds should be forfeited through irregularities in the shipments.—Australia Press Association. . \ DUNLOP RUBBER COMPANY. OPERATIONS IN DOMINION. (United Press Association.) {By Electric Telegraph—Copyright.) LONDON, June 3. The Dunlop Rubber Company has registered a new company with a nominal capital of £IOO to operate in New Zealand.— Australian Press Association. NEW ZEALAND FRUIT. Mr H. Turner, secretary of the Otago Provincial Fruitgrowers’ Council, advises receipt of a cablegram from Mr George Monro, London, as follows; “ Corinthic.—Pears, Du Comice, repacked trays, 8s to 12s; Winter Nelis, crates, 9s to 12s; other varieties practically useless. “ Prices for sound apples.—Jonathan, Delicious, 11s to 13s; Dunns, 10s 6d to 12s 6d; Cleopatras, 13s to 15s; Coxes, 20s to 27s 6d. “ Pakeha.—Pears, good condition; Winter Cole, crates. 12s to 17s 6d; Winter Nelis, crates, 12s to 18s. “Apples are landing in good condition.” NEW ZEALAND FRUIT. HUNTINGDON AND ARAWA SHIPMENTS. (From Ode Own Cobhespondknt.) LONDON, April 26. Both consignments of apples and pears carried by the Huntingdon and the Arawa were in good condition, with the exception of a few of the Coxes by the former vessel which were a little wasty. Some of them were over mature. One other remark may be made concerning the condition. The first Jonathans arrived by these ships and they were rather wanting in colour. It appears that they coloured late in the Dominion this season. For the fancy varieties 15 per cent, of surface is required to be coloured, and for the extra fancy 40 per cent. The consignment hardly came up to these requirements. The Huntingdon came direct to London. The Arawa unloaded at Southampton, and produce was distributed over the districts in the south and as far as Birmingham. On the whole, the prices of the fruit sold in the country were on a parity with London prices, or a shade better. In some places the excess of prices over London prices more than covered the railage, in other places the railage was not covered. It is only by feeding the provinces with small quantities that London parity can be maintained.

Prices in London are; Jonathans 12s to 15s (the variation in prices due to the variation in colour; Cleopatras Us 6d to 14s 6d, Lord Wolseleys and Dunns 10s to lls 6d; Coxes, 14s to 18s; Ribston Pippins, 12s to 12s 6d; King Davids, lls 6d to 13s; Adams Pearmain, 12s to 14s.

The pears were all in good condition. The varieties included Bose, Winter Cole, Packham’t Triumph, Vicar of Winkfield. The last-mentioned variety, a cooking pear, made 3s a tray; the other varities 3s, 3s 6d, and up to 4s. These prices will hardly pay the growers, but they are on a par* with the South African pears, which for quality, packing and condition cannot be beaten. A certain quantity of apples 'were sent to Rotterdam and sold on a parity with London prices. The cost of transhipment is heavy, and there is a heavy Customs duty, so that prices need to be fairly high to warrant transhipment.

PUBLICITY METHODS. An artistic advertising card has been distributed to retailers to display in their shop windows. This is a stiff*card about 2ft by Ift. Except for a circle on the left side, the surface appears to be wicker work. On this is a scene of orchard and trees in yellow, green, and red. In the circle *in decorative letters are the words; “New Zealand Apples.” It is quite an attractive card and should he useful in calling attention to the Dominion produce. The Fruit Board is also co-operating with the Fruit Tradeg Federation to send out 200,000 brochures to the schools of Great Britain. The brochure will give acme particulars about fruitgrowing in the Dominion, and call attention to the possibility of purchasing New Zealand apples in this country. By arrangement with the Board of Education, the booklets will be distributed through the schools to the children of Great Britain.

LOCAL AND OVERSEAS MARKETS.

AUSTRALIAN HARVEST. PROMISE OF RECORD CROPS. (Special to Daily I'tmks.) AUCKLAND, June 4. “ The wheat crops for the coming season in all the States in Australia will be a record,” said Mr J. M. Brunton, of Messrs Brunton and Co., who arrived on the Aorangi this morning. Mr Brunton belongs to one of the largest flour-milling concerns in Australia, and has come oyer to look into the question of tariffs in New Zealand. “At the present moment the wheat crops are the best that have ever been seen in Australia, and there is every evidence of a great yield,” he said. “ Trade, however, is depressed. This is because the overseas wheat market is below the usual price. There is practically no export of Australian flour to Egypt and America- —two of the largest customers of the Commonwealth. The prices of Canadian and American wheat are lower than those of Australian because of the small Australian crop last year.” Mr Brunton says that a great new wheat belt is swinging into being in Western Australia, where there are hundreds of thousands of acres still untouched. The West, he says, has great prospects and is one of the coming States of the Commonwealth. “We have come to the end of the time-payment system in Australia,” said Mr Brunton. “ Every trade is depressed and the people are complaining bitterly.” CONSOLIDATED GOLD MINING COMPANY. (Special to Daily Times.) AUCKLAND, June 4. A financially troubled period is recorded by the directors of the Caledonia-Kuranui-Moanatiari Consolidated GoldMining company. Ltd., in the report of the operations for the six months ended March -31 last. It is stated that the commitments made in the previous year regarding the purchase of the Moanatiari battery had to be met out of money received from calls. The board had made arrangements to permit it to carry out mining during the completion of the payments. Negotiations had been opened with the Mines Department to allow of a full mining programme being carried out again. During the period the company crushed 80 tons of ore, 3801 b of stone showing dabs and colours of gold, and 141 b of picked stone, for a return of melted gold valued at £387 4s 7d. The'directors state that the work carried out on the eastern portion of property has continued to give great encouragement.