COMMERCE AND FINANCE

Otago Daily Times, Issue 20708, 4 May 1929, Page 8

COMMERCE AND FINANCE

THE SHARE MARKET. DUNEDIN STOCK EXCHANGE. Business lias been fairly brisk on the Stock Exchange during the past -week. Bank of New South Wales shares have been dealt in at £sl 15s, cum dividend, buyers' closing offer being £sl 10s, while sellers have asked £52. Business has also been recorded in Bank of New Zealands at 625. Buyers’ latest offer has been 61s' 6d, while sellers require 62s 3d. E.B. and A. Banks have been on offer at £8 13s 6d, ex dividend, but buyers have not come forward. . • ‘ For New Zealand Breweries shares buyers are now prepared to give 635. but sellers require 63a 9d. There has been an improvement in the demand for National Insurances, buyers’ latest offer being 16s 6d. Sellers,. how ever, will not accept less than I6s lOd. Standard Insurances have eased in demand, the best offer by buyers now being 645. No response has been received from sellers. Preferred Union Steams have been dealt In at 21s, the market closing with a buyer at 20s lid, and no sellers forward. For Westport Coals buyers are pre-. pared to give 32s Bd, but sellers have not quoted below 335. Business has been recorded at 32s 9d. Preferred Westport-Stocktons have been in demand at 4s, sellers’ lowest requirement being ss. Buyers of ordinary Wright, Stephenson shares have offered 26s 6d, sellers quoting at 295. Preferred shares have also improved slightly, buyers’ latest offer being 18s. Sellers, however, have been reticent. Paid-up New Zealand Refngeratinga have been dealt in at 15s 6d, the market closing \vith a buyer . at the same figure and a seller at 16s 6d. Business has also been recorded in the contributing issue at. 7s 3d, buyers closing at the improved price of 7s 6d, with sellers asking 7s 9d i The demand for Donaghy’s Rope and Twines has improved- to 345, but sellers have been reticent. ~ Business has been recorded irflordmary Kaiapoi Woollens at 14s 3d, tl<e market closing with a seller at 14s 6d, and no buyers offering. The contributing , issue has also been dealt in at 4s Bd, buyers’ latest (offer remaining at the same figure, while sellers require ss, ' ; ■llilhurn Limes have been inquired tor at 395, but without response by sellers. A slight improvement has also been noticed in the demand for New Zealand Drugs, buyers being prepared to give 745. Sellers, however,-have not been interested. ' - Ordinary New Zealand Express shares have been:the subject of business at 17s, buyers’ latest offer being Is below that figure, while sellers require 17s 6d. There has .been a slightly easier, de--mand for Waibis, the closing buying offer being 13e 9d. .A transaction has been recorded at 14s Id, cum dividend. Preferred Electrolytic Zincs have improved considerably in demand, and are now quoted at 36s -8d by; buyers. Sellers, however, will not, accept less than 37s 3d Business has been recorded earlier in the week at 36s 9d. Several parcels of Mount Lyells have changed.hands at prices ranging from 44s 3d to ; 44s 6d, the market closing with a seller at 44s 9d, and no buyers forward. Government War Bonds have ‘been in steady demand, but few sellers have come forward. Sale: Union Steam (pref:), 21s. . Sale reported: 1 Bank of N’.S. Wales, £6l 15s, cum div. The following are yesterday afternoon's buying and selling quotations, which are subject to the usual brokerage:— BANKING. Bank-of N.S. Wales—Buy £sl 10s, sei £52. . ■ - ' V, Bank of New Zealand—Buy 61s 6d, eel 62s 3d. Commercial Bank—Buy 30s Id, sel 30s Bd. E.S. and A. Bank —Sel £8 14s. National Bank of New Zealand —Buy £7 2s, sel £7 4s. Union Bank—Sel . £ls 12s 6d. BREWERIES. N.Z. Breweries, Ltd.—Buy 635, se<- 63s 9d. .INSURANCE, National Insurance Co.—Buy 16s 6a, Bel, 16s lOd. ' South British Insurance Co.—Sel 65s : 3d. . SHIPPING. Huddart, Parker (ord.) —Buy 44s 9d, sel 45s 9d. Huddart, Parker (pref.)—Buy 21s. .U.S.S. Co. (pref.)—Buy 20s lid. COAL. Westport Coal Co. —Buy 32s Bd. Westport-Stoekton (ord.) -Buy 3s. Westport-Stoekton (pref.)—Buy 4s, sel ss. LOAN AND AGENCY. ' Dalgety and Co.—Buy £ls I2s 6d. Goldabrough, Mort—Buy 53s 3d, sel 645. National Mortgage—Buy 85s, sel 86s. N.Z. Loan and M. (ord.)--Buy C 125. Perpetual Trustees—Buy 64e 6d. Trustees, Ex. and Agency .--Buy 59s 6d Wright, Stephenson (ord.) —Buy 26s fid, sel 295. Wright, Stephenson (pref.)—Buy 18s. • ; HEAT PRESERVING. Gear Meat Co.—Sel 435. N.Z. Refrigerating (pd.)—Buy 15s 6d, ael 16s 6d. N.Z. Refrigerating (cont.) —Buy 7s 6d. Bel 7s 9d. . MISCELLANEOUS. Australian Iron and Steel (pref.)—Buy 20s 6d. Auckland Amusement Park (pref.)—Sel 14s. British Tobacco—Sel 48s. ' Brown, Ewing (pref.)—Buy 20s 6d Bruce Woollen Co.—Sel 11s 6d. ■ D.I.C. (ord.) —Buy 10s 6d prem. D.1.C., (pref.) -Buy 20s Od. —Dominion. Investments—Buy 23s 6d. . Dominion Rubber—Buy 30s. Donaghy’s-Rope and Twine- -Buy 34s Diinedin-Kaikorai Trams- -Buy 345. Eclipse Petrol- -Buy 16s 6d. Kaiapoi Woollen (ord.) —Sel 14s Cd. Kaiapoi Woollen (cont.) —Buy 4s Bd. Bel ss. ■ Kaiapoi Woollen (pref.)—Buy 15s 3d. ’ MUburn.Lime and. Cement—Buy 395. M'Leod Bros.—Buy £3O. National Electric—Buy 8s Id. N.Z. Drug Co. (£2 pd.) —Buy 745. N.Z. Express (ord.) —Buy 16s, eel 17s 3d. N.Z. Guarantee Corp.—Buy 8s 6d. ,N.Z., Paper Mills (ord.)- Buy 18s 6d. i N.Z. Sugar of Milk—Buy 20s, sel 245. J Smith and Smith (pref.) Buy 18s 6d. Regent Theatre—Buy 225. Wilsons (N.Z.) Cement—Buy 41s. MINING. Nokomai Sluicing—Sel J 2ls. Waihi— Buy 13s 9d. Electrolytic Zinc (pref.)—Buy 36s Bd, Bel 37s 3d. " • Electrolytic Zinc (ord.) —Buy 35s 3d, Bei 36s 9d.. • Mount Lyell—Sel 44s 9d. Upper Nevis (pref. j—Sel Is dis.. Big Beach —Buy 6s 6d, sel Bs. 3s. Okarito —Buy 10d prem, sel Is 3d prem. ' Mahakipawa—Buy Is.

LOCAL AND OVERSEAS MARKETS.

WAR BONDS. 4i per cent. Bonds, 1038—Buy £99 15s, sel £IOO ss. 4J per cent.. Bonds, 1939—8uy £99 15s. 5J per cent. Soldiers’ Bonds, 1933—8uy £lOl 2a 6d. 44 per cent. Inscribed, 1038—Buy £99 15s, 4J per cent. Inscribed, 1939—8uy £99 15s. 5J per cent. Inscribed Bonds, 1941Buy £99 2a 6d. 5J per cent. Bonds, 1930 Buy £lOl ss, 5J per cent. Inscribed, 1936 —Buy £lOl sa, 5J per cent. Bonds, 1933—8uy £9O. 5J per cent. Inscribed, 1933—8uy £O9. NORTHERN EXCHANGES. (Per United Peess Association.} The’ following business was done -on ’Changes yesterday:— Auckland. Sales: City of Auckland debentures (1D37), 51 per cent., £99 ss; Bank of New Zealand, 625; Australian Provincial Insurance, 10s 3d; New Zealand Insurance, 46s 6d, 46s 8d; Farmers’ Trading Co., 8s 6d; Ohinemuri, 8s 6d; Waihi, 13s lOd. Wellington.—Sale; English, Scottish, and Australian Bank, £8 12a 6d. Sales reported: New Zealand Breweries bonds, 26s 6d; New Zealand Breweries shares, 62s 9d. Christchurch. —Sales: Grey Valley (cum, div.), 23s 3d; Txmaru Gas, 24s lOd; Beath an., Co. (Is pd.), 8s 2d; Electro Zinc (pref.), 36s 9d; Mount Lyell, 44s 6d. Sales reported: Electro Zinc (pref.), 36s 9d; Staples Brewery, 465; Mount Lyell, 44s 8d (two parcels). • DUNEDIN MARKETS. WHEAT, OATS, ETC. The bulk of the wheat in the South Otago district has now been threshed. Only odd lines are coming on the market, which remains steady. Millers are holding fairly heavy stocks, and are confining their attention to choice lines. Tuscan is worth 5a 9d, ex - truck, country sidings; Hunters, 6a; ad Velvet, 6s 6d, The fowl wheat market remains unchanged. Best quality is selling at 5s 10d, sacks extra, ex truck. A fair percentage of damaged wheat is coming in, and this is being placed'at reduced rates. Millers’ prices for flqur, etc., are as follow: ■ Flour: 20oib, £l6 15s; 100’s, £l7 15s; 50’s, £18; 25’$, £lB 10s. Bran, £7 per ton. Pollard, £8 10s. Oatmeal: 25’s, £25 10s; 200’s, £24 10s. There is no alteration in the oat market. Offerings from the country are light, and higher prices are being paid there than is ’ warranted when the shipping parity is. .taken into consideration. A Gartons are quoted at 3s 5Jd to 3s 6d, f.o.ab., s.i., and B’s at 3s 2Jd. The most of these lines represent oats purchased for forward delivery earlier in the season. On the prices paid in the country, merchants are unable to sell for shipment at the above rates. ■ The higher values being paid in the country have been influenced by millers, who have been operating at up to 3s 2d) sacks extra, on trucks, for heavy Gartons, and. merchants have also been buying for seed purposes. A considerable quantity of damaged oats is appearing on the market; and these are difficult to sell. The severe weather conditions, experienced earlier in the season ■ affected these crops. ■ Farmers are holding these damaged oats in . the meantime in view of the poor outlet. The area sown in Otago shows a considerable reduction,' but with the carry over from last season and the*diminished consn .ption ‘here will be ample stocks available for requirements. Consignments of chaff are arriving from both Canterbury and the surrounding districts, and these are more than sufficient for the ■ demand, ■ which is poor. Beat quality is difficult to sell at £5 10s per ton, sacks extra, ex truck, while medium and poor is unsaleable. Merchants are not interested in buying on account of the poor outlet, and, moreover, there appears to he ample stocks available in the north, judging by the quotations being received from there. Merchants have ample stocks of potatoes on hand, and. are not inclined to buy at the firmer prices now ruling. The quality of the tubers reaching the market this season is not of the best> as blight has been fairly prevalent in the crops—more so that was thought would be the case earlier in the season. It is difficult to place consignments unless they are of choice quality. This quality is inquired for at up to £5 10s per ton, sacks included, ex truck. Tubers of poor keeping quality have to be offered at considerably reduced rates. Most of the seed markets remain firm. Ryegrass is not offering in any quantity and is inclined to firm. Dogstail has not maintained its firmer value of a week ago, and prices show a reduction of about Id per lb for export quality. A certain amount of business has been done with Chewings’s fescue for export at prices above those anticipated earlier in the season. The local market has now advanced to above the export parity. Produce lines are quoted wholesale as follows: Chaff, £5 per ton, ex store; £o 10s per ton. ex truck. Potatoes, £5 10s per ton. Eggs- Stamped, 2s 6d; case, 2s sd. Dairy butter: Milled bulk. Is 3d..t0 Is 4d per lb, according to quality; pats, Is 3d. Bacon, Is IJd per lb. Hams, Is 2d per lb; boneless. Is 4d. Honey: Bulk, 6d per lb; Jib pats, 4s 3d per dozen. Onions: Canterbury, 8 S to 9s per cwt. FRUIT REPORT. Fairly heavy supplies of Jonathan and , Delicious apples are reaching the market, Choice dessert have a fair inquiry, but anything of a lower grade is hard to quit, Cox’s Orange Pippins are now getting finished. The tomato market firmed during the week. Choice .outside grown are realising up to 8d per lb, and local hothouse grown have risen in sympathy. Frosted and poorly coloured lines constitute about 59 per cent, of the outside grown arriving on the market, ■ and these are hard to sell. The next cargo of bananas to reach the market will be by the Maui Pomare, due by rail from Lyttelton on Monday. There' will be about 2800 eases in the shipment, the greater part of which has been placed at 21s per case. As regards Fiji bananas, only a small supply is coming to Dunedin, and high prices' are obtained for these, < Plums are about finished. Peaches have firmed slightly. A large proportion is going past Dunedin to the northern markets, t where higher prices are ruling. ■ Dessert'pears are plentiful. Prices are on the low side. Supplies of grapes are arriving, principally from the Kakanui and Waikouaiti districts. A few lots of Australian are also on the market. Blackberries are still available in small quantities. American navels and lemons are due to arrive next week. Quinces have a sound inquiry. Supplies of vegetables are quite equal to the demand.

The wholesale prices are as follow: Apples: Cox’s Orange Pippin, 12a 6d to 14s; Delicious, choice, to 8s; Jonathans, 5s 6d to 7s; cookers, 4s to 6a 6d; inferior dessert and cookers, 2s 6d to 3s 6d. Tomatoes: Christchurch, 7d to 8d for firsts; medium, 4d.to 6d; Central Otago, 6d; local hothouse, to IOJd. Fiji bananas: Ripe, 35s to 40s per case. Peaches: Choice, in crates, 4d to 4Jd per lb; half-cases, 5a to 6s. Pears: Dessert, to 3s 6d per half-case; cookers, 2s 6d to 3s per half-case. Grapes, Is 2d to Is 0d per lb; Gros Colmars, 2s to 2s 6d; Australian, 27s to 29s per case of 281 b. Blackberries, to 8d per lb. . Oranges: American navels, 37s 6d. Passions, 8s to 9s per, box. Lemons; Californian (360 in case), 40s. Quinces, to 3d per lb. Green peas, 2d to 3d per lb; poor quality, Id. Cucumbers: Outside-grown, to 5s per bushel case. Beetroot, to Is per dozen bunches. Vegetable marrows, 6s to 7s per sack, New season’s swedes, 4s per sack. Potatoes, 6s per cwt. Cauliflowers, choice, to ss; others, Is to 2s. Cabbages: Choice, 2s to 2s 6d per sack of about 18. Lettuce: Choice, Is 9d per dozen; others unsaleable. Rhubarb, 2s per dozen bundles of IH>each; loose. Id to IJd per lb. Brussels sprouts, 3d to 4d per lb, . Celery, 4d to 6d per bundle of three heads. OAMARU MARKETS. . (From Our Own Correspondent.) OAMARU, May 3. The past week has been a fairly quiet one in the grain market. Practically all the “ free ” wheat has been sold, and advances on the “pool” wheat in store have been made to growers on a basis of 3s 6d a bushel, less f.o.b, charges. Tuscan is quoted at 5s 9d, 5s lOd; Hunter’s, 6s, and Velvet 6s 6d on trucks, at country statinons. A Garton’s are quoted at 3s, 3s Id. There is still a big demand for oats, 1000 sacks of Algerians being sold during the week at from 3s 4d to 3s 6d>, while .660 sacks of Garton’s were sold yesterday morning at 3s Gd. Potatoes changed hands at £4,105, A crop of linseed at Herbert, which is the only one in the district, is now in the process of • being threshed. ■ The recent rains have proved very beneficial, and farming operations in connection with autumn-sown wheat are being’ pushed forward. The root crops give the appearance of providing plenty of feed for the winter months, and a number of farmers are making special efforts to provide green feed—oats and barley—for spring feeding, with a view to getting the lambs away- early next season. There have been heavy yardings at auction, but private sales have not been numerous. There have been late inquiries for rams: Guaranteeed soundmouthed ewes have been sold up to 30s, owe lambs 26s 6d, 27s 6d, wether lambs 205,. mixed sex rape lambs 235, fat lambs 295. Fat heifers have realised from £9 6s to £l3 10s, store bullocks, in forward condition, have been sold at from £lO 15s to £l3; and 18 months to two-year-old steers from fGSs to £7 ISs. DAIRY PRODUCE. The National Mortgage and .Agency Company has received the following cablegram fron London:— Butter.—The market is firm. Finest New Zealand sold at 165 s to 1665; first grade New Zealand, 1645; Danish, 164 s tc 1665; Australian, 159 e to 1605.' The Continental market is better. Cheese. —The market is slow. New Zealand white sold at 87s; coloured, 89s to 90s. ‘ LONDON MARKETS. 1 Messrs Dalgety and Co., Ltd., have received the following cablegram from London;— Frozen Meat.—The market fo r New Zealand lamb is dull owing to the lack of demand, which is poor. Quotations: New Zealand prime Canterbury lamb, 28/361b, 9id; North Island. Canterbury, 36/421b, 9 l-8d; North Island, BJd; Canterbury second quality, 9 l-8d; North Island. 9 l-8d; Canterbury. 42/50lb. ?|d; North Island. 7 l-Bd. The market for New Zealand mutton ig very dull, and the demand is poor. Quotations: New Zealand prime .Canterbury mutton. 48/561b, 6 l-8d; North Island, 5 7-8 d; Canterbury 56/641b, . 5 3-8 - North Island, 5 l-8d; Canterbury, 64/721b, 4 3-8 d; North Island, 4id; Canterbury ewes, 48/641b, 3 7-8 d; North Island, 3 7-Bd. Beef quotations are: Argentine chilled hinds, 7Jd. fores 4|d. The market for Australian lamb is unchanged, and the demand is limited. Quotations: G.A.Q. Australian lamb, 28/361b, B|d; F.A.Q. Australian lamb, 28/361b, Bd. The market for Australian mutton i s unchanged, and the demand is quiet. Quotations: G.A.Q. Australian mutton, 40/60!b, 5Jd; Australian ewes. 4|d. English porkers 80/1001b, sold at 12d; New Zealand ■ porkers, 80/1001b, 104 d; 190/120IR 9|d. Dairy Produce. —The butter market ts firmer,_ and the cheese market is slow. Quotations; Danish butter, 1645; New Zealand finest butter. 164 s to 1665; Australian finest unealted, 162 s to 1645; sited, 158 s to 160 g; Australian G.A.Q.. (54a. Australian cheese, white 86s, irloured. 87s; Canadian cheese, white 106s v to Ilia, coloured 106 s to 108 s; New iealand cheese, white 87s, coloured 89s. Wool.—The wool sale s continue active, mt irregular. As compared with closing rates of last series, quotations are: Greasy aierino, Id lower; greasy halfbred, Ijd- lower; greasy crosshrei. fine, )d to Id lower. ' For greasy crossbred , medium am 1 coarse the change, if any, is in favour of buyers. Scoured merino is unchanged; scoured crossbred unchanged; fiipe unchanged. . The Otago Farmers’ Co-operative Association of New Zealand has received the following cablegram from London;— Butter is steady, and the demand fair. New Zealand butter sold at 164 b to 1655. Cheese is slow. New Zealand white is quoted at 87s. coloured 89s. New Zealand frozen lambs and mutton are unchanged. RED CLOVERS. MR LEVEY’S REPORT, (Peh United Press Association.) BLENHEIM, May 3. The president of fhe New Zealand Grain, Seed, and Produce Merchants' Federation (Mr J. J. Corry, of Blenheim) has been making representations to the Department of Agriculture in regard to a recen. report by Mr Levy, Government ugristologist, regarding New Zealand red clovers. As Mr Corry anticipated that Mr Levy’s remarks had been misinterpreted by a press message, Mr Levy has now issued a further statement. Briefly what he really said was that whilst New Zealand broad red was of itself superior to the product of other countries of this type, the type itself was not as good for sowing for permanent pasturd ns late red types. BUTTER AND CHEESE. fUnlted Press Association.) (By Electric Teh graph—Copyright.) LONDON, May 2. Butter is firmer, with a good consumptive demand. Danish, 1655. Choicest salted: Nev Zealand, 164 s to 1655; Australian, 158 s to 160 s. Unsalted, 2s to 4s premium. Cheese is steady. New Zealand, 88 s to 90s; Australian, 80s to 88s.—Australian Press Association,. BRAY BROS. FRUI'J FARM, AND DAIRY PRODUCE MERCHANTS, DUNEDIN, WRITE US FOR MARKET REPORT HAVE INQUIRIES FOR ALL LINES. ’ —AdvJ.

MATAURA STOCK SALE. ■ (From Odr Own Correspondent.) MATAURA, May 3. The monthly stock sale was held at Mataura yesterday in the presence of a large attendance of farmers. Sheep.—The entry comprised a little over 2000. In the fat pens a good many ewes were offering, but only a few wethers were submitted. The market was on the dull side and prices were easier. Fat wethers realised from 30s 6d to '34s and fat ewes from 14s 6d to 18s. In the store pens the bulk of the entry comprised breeding ewes, mostly of the old type, with a few pens of two-tooth to eighttooth ewes. Values were' below recent sales, but a few lines of good quality made fair prices. Several lines, however, failed to reach vendor’s idea of values and were passed in. Sales of two-tooth ewes were made at from 23s 3d for small sorts up to 31s 5d for mediums, others being passed in at up to 34a. A large line of guaranteed six and eight-tooth ewes were disposed of at 31s 2d. Fairly good, full and failing-mouth ewes were disposed of at from 15s 6d to 235, while poorer sorts made 14s 7d down to 6s 2d.. Several good lines of ewe lambs made fairly good competition, and sales were recorded at from 23s 6d to 26s 4d, and mixed sexes at 20s. A large number of rams were disposed of, shearlings making from two, guineas to three and a-half guineas, while .older sorts made one guinea and a-half down to 6s. Cattle.—The entry comprised 44 .head. A fair number of fat cows were included, and prices realised were about in keeping with recent sales, and.valuea ranged from £5 to £9 10s. Store cows realised from £2 7s 6d to £6, and a good dairy cow in full profit made £9 12s 6d. Young store steers changed hands at up to £6 6s. BALCLUTHA STOCK SALE. (From Odh Own Correspondent.) BALCLUTHA, May 3. The yardings of sheep to-day were 1200 fats and 3000 stores. Fat lambs sold at 32s to Sss, fat wethers 30s to. 36s 6d, fat ewes to 315., Store Sheep.—Two-tooth ewes, 34s to 37s 3d, sound-mouthed ewes to 245, full and failing-mouthed ewes, 17s to 21s 9d, four and six-tooth ewes to 29s 3d, ewe lambs 24s to 255, small ewe lambs 20s to 225, wether lambs 17s to 21s, small do 13s to 16s, cull ewes 12a to 13s 6d. Cattle.—A small yarding, practically all stores Store bullocks sold to £9 12s 6d. heifers £6, eight-month calves £4 17s 6d. Dairy cows, of which there were a fair number, sold at up to £lO 15s, heifers £7 5a to £9 ss. _ Pigs.—Only ’ a small number forward. Suckers sold ,at Ds to 15s. CANTERBURY MARKETS. (Per ■ United • Press Association.) _ CHRISTCHURCH, May 3. The market interest ia largely centred ca potatoes. Yields are turning out disover a fair area of the potato growing districts, but the aggregate amount of loss due to the wet conditions is difficult to estimate, as some localities are producing fully up to normai. However, such districts are in the- minority, and rejections are fairly substantial amongst the earlier crops, Auckland is showing an unusual lack of interest in prompt delivery. To the end of April this year 11,000 sacks fewer than for he corresponding period last year have been shipped north, MorS inquiry has been manifested from the smaller centres. The Ku row . this week took only 790 sacks north from Lyttelton, the smallest shipment at this time of the year for some seasons. Values for "prompts” are £5 5s to £5 7s 6d a ton, f-0.b., s.i.; for May-June, £5 10s; and for July-September. £6 15s. ■ Doubtless the firmnesg for the later-months'is partly due. to the possibility that the Sydney market by then may be available. There is, however, a good- deal of opinion that apart altogether from this, the crop will not exceed local requirements. ■ No change is reported in the wheat market. " ret ” wheat has not yet ah been absorbed, , but millers are holding ample supplies. the meantime from 5s 8d to 5s 9d on trucks is being paid. Fowl wheat is meeting with ,-a slack f a t ‘ ™ ie quoted at 5s 7R to 5s 8d t.o.b. There has been some contracting y millers and merchants .in, next year’s wheat on the same basis as the past season. i.e. 5 s lid, f.0.b., for Tuscan, and ,6s 2d for Hunters. The demand for „ats is lifeless, and quotations remain as previously, 3s Sid, t 0.b., s.i for A's, and 3 S 2d for Bk More chaff has been offering, but the demand i s ..mall. It.is quoted at £5 10s a ton, f.0.b., s.i., or £3, 15s on trucks. lug autumn domand is now over. The season for small see< s has been quite a satisfactory one. Perennial is in short supply this season, the crop beim* regarded as one of the lightest for some years in both varieties. Italian has farmed to 4s, on trucks, the f.0.b., s.i. price for dressed being 4s 9d. Perennial has maintained a steady 7 '.evel of about 4s 6d a bushel on .trucks. Cocksfoot is unchanged and is quoted at 12£d to 12Ad for standard Akaroa. Cowgrass is now offering freely, and it is apparent tfaat the crop has been a good oner With the carry-over there was of this product the market is bound to be steadied. From ® d , pound is t » uoted f <» good seed. White do ir is offering freely at up to 10d a pound. Some good lines, both in quantity and quality, have come before merchants. WHEAT. FLOUR. ETC. (United Press Association.) (By Electric Telegraph -Copyright.) LONDON, May 2. Wheat cargoes are unchanged. Parcels are quiet and irregular. Liverpool futures: May, 6s 3id; July, 8s 7|d; October 8s Hid. The spot trade is quiet, with an easier tendency. Australian, ex ship, 46s 6d. Flour is dull. Australian, ex store 34s 6d. ’ Oats: Dull, Peas and beas are. tending downward. Australian Press Association. LONDON ~STOCK EXCHANGE. (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, May 2 The following are (ho latest quotations tor Government securities, compared with the prices ruling last week H

BANK OF ENGLAND' RETURN. ' . ' ' (United Press Association.) (By ; Electric Telegraphy-Copyright.) • ■ LONDON, May 2. The following is 'the Bank of England return:— ; ISSUE DEPARTMENT. Notes issued .. .. .. .. .. £418,216,669 Government debt .... 11,015,000 Other Government securities 235,807,860 Other securities .. .. .... 8,351,096 Silver coin .. .. .. .. .. .. 4,825,944 Gold coin and bullion .. 158,216,669 Total .. .. .. . .. £418,216,669 BANKING DEPARTMENT. Proprietors' capital .. .. .. £14.553,000 Rest- .. .. .. .. 3,155,868 Public deposits 10,939,252 Other deposits 99,162,663 Seven-day -and other bills ~ 5,653 Total .. .. .. .. .. £127.816,436 Government securities ~ £45,351,855 Other securities .. .. .. .. 25,069,757 Notes . . .. .. .. .. .. 56,845,330 Coin .. .. 549,494 Total .. .. .. .. .. .. £127,816,436 The proportion of reserves to liabilities is 52.10 per cent. Short loans are quoted at 4J per cent. Three, months’ bills at 5J per cent.—Australian Press Association. PRICE OF FINE GOLD. (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, May 2. 1 Fine gold is quoted at £4 .4s lljd per oz.—Australian Press Association. CHICAGO WHEAT MARKET. (tinlted Press Association.) (By Electric Telegraph—Copyright.) , NEW YORK, May .2. Chicago wheat quotations: May, 113 cents per bushel; July, 1183; September 1221. .CALL MONEY RATE. (United Press Association.) (By Electric; Telegraph —Copyright.) , NEW ; YORK, May 2. The call money rate was 10 per cent, all day.—Australian Press Association. LONDON METAL MARKET. (United'Press-Association.) (By Electric Telegraph -Copyright.) LONDON, May 3. (Received May 3, at 9 p.m.) Copper.—Spot, £7B 75.6 d; forward, £75 7s 6d. Electrolytic.—Spot, £B3; forward, £B4. Wire bars, £B4. ’ 1 Lead.—Spot, £24 10s; forward, £24 10s. Spelter.—Spot, £26 12s 6d; forward, £26 15s.- . ' . . Tin.—Spot, £196 6s 1 3d; forward, £199 2s 6d. Silver.—Standard. 25Jd; fine, 27^d. — Australian Press Association, MELBOURNE HIDES MARKET. ”• • v (United Press Association.) (By Electrlr Telegraph -Copyright > MELBOURNE, May 2. Hides are irregular at Jd'to Jd lower tor all weights. .

Last week; This week. Imperial Console, 2J p.o. £ B. a £ ' d 55 0 0 51 17 8 6 W at loan, 6 p.o., 1929-47 Conversion loan, 3) p.o. ... 103 77 1 5 3 0 100 17 77 k O'wealtb 6 p.o. 1931-41 101 10 0 101 13 g O’wealth 5| p.o. 1922-27 98 12 6 ns 18 g N.Z B p.o. 1936-51 ... ... 103 15 0 105 15 0 N.Z 4 p.o., 1939 .. ... ... 99 2 6 09 5 0 1T.Z 3} p. 0 „ 1940 - 87 10 0 87 5 0 N.Z 3 p.o., 1945 ... ... ... 78 5 0 "■ 78 5 0 N.S.W 8j p o. 1930-40 ... 09 15 0 99 15 J N f 'v 8 p o., 1930-40 ' 100 2 6 100 6 0 NSW 6J pa, 1932-33 — 101 15 0 103 0 0 M 8.W 4 p.o. 1933 ... 93 16 3 94 0 0 NSW 34 p.o 1930-60 85 3 6 85 7 $ N.8. W ] p.o. (933 ... 75 15 0 76 17 6 PUs 6} p.o.. 1930-40 _ 96 12 6 96 16 0 *to 5 p.o., 1932-43 _ ... 93 5 0 03 12 6 Vlo 3J p.o 1929-49 „ ... 99 IS 9 .99 12 ’6 Vlo 3 p.o. 1929-40 75 13 . 9 76 0 d Vio 4J p.o., .940-60 ... 71 1 3 71 6 3 M'land f p.o. '930-40 101 .12 6 101 10 0 U'land 3J p.o I960 . 71 10 0 71 15 0 y'land 3 po-, 1932-47 ... . 98 0 ■ 0 03 5 0 6.A 6j p.o., 1930-40 ... ... 101 15 0 .- 102 6 8 A 34 p o., 1939 ... 84 0 0 84 12 6 8.A 3 p.o., lOlt. or after .. 59 0 0 59 6 W A 6 p.o.. 1930-40 ._ 101 50 101 5 0 W A 34 p.o.. 1920-35 _ - 88 : 13 6 88 10' 0 W.A 34 p.o.. 1915-35 ... ... 86 0 0 86 3 s Ta. 64 p.o 1930-40 ... 102 0 0 102 0 0 Fa» 34 p o.. 1920-40 .. «. 84 17 6 84 17 6 Fas. 3 p.o.. 1920-40 ... ... 79 0 0 SO 0 0 —Australian Frees Association.