COMMERCE AND FINANCE.

Otago Daily Times, Issue 20745, 17 June 1929, Page 7

COMMERCE AND FINANCE.

THE SHARE MARKET, DUNEDIN STOCK EXCHANGE. A sale of Australian Iron and Steel preferred shares was reported at 21s Cd on the Stock Exchange on Saturday morning, buyers closing with an offer of 21s, to which sellers did not reply. Victoria Nyanza Sugars were reported to have been dealt in at 45s 4id, the market closing With a seller at 465, and no buyers. Union Banks were inquired for at £l!s los, but sellers did not respond. For New Zealand Breweries shares buyers were prepared to give 72s 3d, but sellers would not accept less than 72s 9d. Donaghy’s Rope and Twines were in demand at 35s 3d, but sellers were reticent. Sales reported: Australian Iron and Steel, (pref.), 21s 6d; Victoria Nyanza Sugar, 45s 4Jd. The are Saturday morning’s buying and selling quotations, which are subject to the usual brokerage:— BANKING. Bank of New Zealand—Buy 62s 9d, sel 63s 6d. ' Commercial Bank—Sel- 30s 3d. Commercial Bank (new issue) —Buy £7 6s sel £7 10s. National Bank of New Zealand—Buy £7 Is. , National Bank of Australasia (cont.) — Buy £9 9s, sel £9 12s. 'Union Bank—Buy £ls 15s. BREWERIES. ' N.Z Breweries, Ltd.—Buy 72s 3d, sel 72s 9d. Dunedin Brewery—Buy 295. Staple’s Brewery—Buy 48s 6d, sel 495. INSURANCE. National Insurance Co.—Buy 16s 2d, sel los 4a. N.Z. Insurance Co.—Buy 47a 6d. South British Insurance Co.—Buy 655. Standard Insurance Co.—Buy 64s 9d. Queensland Insurance Co. —Sel 65s 6d. SHIPPING. Huddart. Parker (ord.) —Buy 45s 3d, Bel 46a. . I Huddart, Parker (pref.) — Buy 21s. U.B.S. Co. .(pref.)—Buy 20s 6d. COAL. Kaitangata—Sel 7s 6d dis. Westport Coal Co.—Buy 34s 9d, sel 35s fid; LOAN AND AGENCY. Dalgety and Co.—Sel £ls 7s, Goldsbrough, Mort—Sel 61s 6d. National Mortgage—Buy 87s, sel 90s. -■ N.Z. Loan and M. (ord.)—Buy £l2O- - Loan and M. (pref.)—Buy £BO Perpetual Trustees—Buy 665, ■ ' Trustees, Ex. and Agency-—Buy 60s. Wright; Stephenson (ord.)—Buy 25s 3d. Wright, Stephenson (pref.)—Buy 18s. MEAT PRESERVING, Gear Meat N.Z. Refrigerating (pd.)—Buy 16s. sel . 16a 9d. N.Z. Refrigerating (cont.) —Buy 7s 6d, • sel 7s 9d. MISCELLANEOUS. ' Australian Iron and Steel (pref.)—Buy 21s. British Tobacco—Sel 49s 9d. Brown, Ewing (pref.)—Buy 20s 6d. Bruce Woollen Co.—Buy 9s. Crystal Ice Co.—Sel 275. DJ.C. (ord.) —Buy 10a 6d prem. D.LC. (pref.)—Buy 21s. Dental and Medical Supply—Sel 12s. Dominion Investments—Buy 245. Dominion Rubber—Buy 31s, sel 345, Donaghy’s Rope and Twine—Buy 35s 3d. Dunedin-Kaikorai Trams—Buy 345. Dunlop Rubber—Sel 27s 6d. Eclipse Petrol —Buy 16s. Kaiapoi Woollen (ord.)—Buy 14s. Milburn Lime and Cement—Sel 39a 3d. Mosgiel Woollen Co. —Buy £7 12s. National Electric—Buy 9s 3d. . -N.Z,.Drug Go. (£2 pd;)—Sel 765. N.Z. Guarantee Corp.-*Bny 9s 6d. - - N.Z. Paper Mills '(ord.) —Buy 19s 3d. Smith’and Smith (pref.)—Buy 18s 6d. Regent Theatre—Buy 23s 9d, sel 24s 6d. Victoria Nyanza Sugar—Sel 465. Wilsons (N.Z.) Cement—Buy 41s 9d. MINING. .! Kawarau G. M. Co.—Buy sd. ' ’ Nokomai Sulicing—Buy 14s 6d, sel 20s. ■Electrolytic Zinc (pref.)—Buy 36a 9d, ‘ lei 37a 3d. ■Electrolytic Zinc (ord.) —Buy 35s Bd, tel 36s 3d. , Mount Lyell—Buy 41s 6d, sel 42s 6d. Big Beach —Sel 7s. Kildare—Sel 4s. . Winding Creek—Buy .9d prem, sel Is prem. Mahakipawa—Buy 7d, sel lOd. WAR BONDS. 4J per cent. Bonds, 1938—Buy £99 17s 6d. ■■H per cent. Bonds, 1939—8uy £99 17s 6d. 5i per cent. Soldiers’ Bonds, 1033—Buy 1101.

. 4J per cent. Inscribed, "1938—Sel £IOO. 5J per cent. Soldiers’ Inscribed, 1933 Sel £lOl 10s. 6J per cent. Inscribed Bonds, 1041 — Buy £99 2s 6d. 5i per cent. Bonds, 1936 —Buy £lOl ss. 5i per cent. Inscribed, 1936 —Buy £lOl «s. 5J per cent. Bonds, 1933—8uy £99. 5J per cent. Inscribed, 1933—8uy £99. NORTHERN EXCHANGES. (Pen United • Press Association.) The following business was done on 'Changes during the week-end:— Auckland.—Sales; Grey Valley Coal, 23a 4d; Gear Meat, 435; .Waihi Grand Junction, 9d. Wellington.—Sales; Union Bank, £l3 16s; New Zealand Guarantee Corporation • 9s 8d; Howard Smith, 24a 9d. CANTERBURY MEAT WORKS. The failure of the proposals for the amalgamation of the North Canterbury Sheep Farmers’ Co-operative* Freezing Company with the Canterbury Frozen Meat Company have led to a movement having for its object the buying out of the “ dry ” shareholders. They are so called to distinguish them from the producer shareholders., who have the privilege of getting their stock slaughtered at the company’s works, and who, unlike the “ dry ” shareholders, sometimes receive a bonus in addition to dividend. The proposal that has been placed before some of the directors (says the Press) is that the producer shareholders should agree to set aside 6d or Is per carcass for a fund to buy out the “ dry ” shareholders at the rate of 30s for each share they hold.. As an alternative it! is suggested that if the dry shareholders were relieved of the liability for the £2 per share uncalled capital, they would be prepared to leave their money in the concern. COMPANY REGISTERED. The list in the latest issue of the New Zealand Mercantile Record of companies that have been registered includes the 1 following;— Kerr’s Piano- Salon, Ltd. Registered as a private company, May 23, 1929. Capital: £IOOO, into 1000 shares of £1 each. Subscribers: Dunedin—C. Kerr 999, R. A. Kerr 1. Objects; To carry on the business of manufacturers and importers of and dealers in pianos, organs, gramophones, etc.

THE APPLE MARKET. {United Press Association.) (By Electric Telegraph—Copyright.) LONDON, June 15; (Received June 16, at 5.5 p.m.) The Demosthenes’s Tasmanian apples, 14a to 16s; Alfriston’s, 14s to 15s; the Duke of Clarence’s Dunns, 13s to 14s; Cleopatras, 13a to 16s; the Banffshire's Tasmanians (at Manchester), Stunners. 12s to 14s; French Crabs, 12g to 13s 3d: Alfristons, 10s to 12s 6d; Cleopatras, 12s to 13s 9d; Adams, 11s to 13s; the Westmoreland’s New Zealands (at Glasgow), Jonathans, 13s td 15s; Delicious and Statesman, 13s to 16s; Dunns, 14s to 16s. -—Australian Press Association.

LOCAL AND OVERSEAS MARKETS.

LONDON MARKETS. (United Press Association.) (By Electric Telegraph—Copyright.) ‘ . , T LONDON, June 15. (Received June 16, at 5.5 p.m.) Cotton: July, lO.Ood per lb. , Rubber: Para, lid; Plantation smoked, lo|d. Jute: June-July, £29 6s. Hemp: June-August, nominal, £33 10s. Copra: June-July, £l9 17s 6d. Linseed oil, £29 ss. Turpentf.ic, 45a 6d. Sheep: Canterbury, heavy, 6Jd; New Zealand ewes, 4|d; lambs, Victorian firsts, light, none offering. " Frozen beef: Australian hinds, 5Jd: chilled Argentine fores, 4|d; hinds, 7id: others, unchanged. Hides: At the meat works, dry salted, Queensland, 351 b to 4Slb, 9d; 301 b to 401 b,. 9id; 251 b to 351 b. 9*d; 201 b to 30lb, 9§d; New South Wales, same weights, 94d, saltcd > Queensland, b 6 P lb / 6 2 d l 'Wlb to 501 b, 6id; New South Waies, 7*d, 7id; Victorian abattoirs, 7d, 7|d. —Australian Press Association. . MERCHANDISE MARKETS. The Sussex has at last arrived from -Eastern ports, via the north, but Dunedin merchants are not yet in a position to say how much the cargo for this port was damaged by the fire which broke out on the vessel. It can be'stated, howv ever, that the pineapples shipped at Singapore for Dunedin were apparently so damaged by fire and smoke that they were not brought on. A, considerable quantity of the sago and tapioca was also damaged. The local market is fairly " e L ßUppll ! d these commodities, ns merchants took the precaution, when they heard that a fire had broken out on the ■vessel, to obtain further consignments, vla Australia. The actual position regardmg the cargo, damaged or otherwise, win be cleared up in a day or two. ihe price of cube sugar was reduced during the week by £2 per ton. There has been no reduction in this class of sugar for a considerable, time. reived by cablegram show V pn .Sf 8 , for . tfle ncw season’s figs nd dates will be about the same as those ruling last year, . The Wingatui is landing a further -? pI L° f • The.next sugar steamer Thursday. 6 manawa - due on . The T alacia, from London, now disoharging at the wharf, has brought, amongst various lines. Neave’s food and Uarcnce and Craven A cigarettes. These Va ! acia a,sa brought supplies of o«/ InKS sauce, marmalade.

Kellb i from Liverpool and Glastr°w, brought a considerable quantity of spirits. Also included in her cargo were caustic soda, carbonate of soda, etc deyess fluid, in 2oz bottles, is now on the market.

Included in the cargo of the Port Anckrornhour™ GW was a line of. bulk

FRUIT AND PRODUCE WORLD

Reillys report:—Some nice consignments of oversea fruit realised .good values A teen demand is experienced for choice app.es and Sol de Or narcissi. During the week we spld:-Violets, 3d, 4d. Paper white narcissi, fid. Sol de Or, Is. Birch foliage, 9d. Section honey: Choice. 10s; medium, 8s; broken, 4s. Cabbage, 2s. 4s. Cauliflower, 4s fid, 6s. Eggs. 2s Id, 2s 2?-, Preserved, Is 6d, la Bd. Mutton birds: Extra large, 10s 6d. Rose trees: Standards, 40s, 60s; bush roses, 12s, 18s per dozen. Tomatoes; Local hothouse. Is 4d, ls,6d; Timaru hothouse, 9d, Is Sdtree tomatoes, SJd, 7d. Butter: Pats’, bulk, Is 4d; separator. Is 6d. Bacon:Choice, Is 2d. Peanuts, sd. Brazils, lOd. taj 10d # Is. Cheese: Medium, 9d, 10d. Tea: Orange pekoe, 2s 6d. Beeswax, is Bd. Horsehair, to Is 9d. Bacon 7^: P° rkers - 7d : heavy-weights. 4d, 6d; choppers, 3d per lb. Honey: Bulk, 44d, sd; 10. b tins. 5s 6d; 41b, 4spottles, 11b 7s, 21b 12s 6d. Apples Choice Coxes, 14s; Delicious, 8s 6d, 12s*6d; Jonathans, 7s 6d; Stunners, 7s, 9s; cithers, 4s, 7a; cooking, 4s, 7s, Dessert pears; Winter Coles, 8s; inferior, 2s, ,4s; Winter Nehs, 8s; other varieties, 4s, 7s 6d. Passions, 14s. .Australian, 25a. American Valencias, - 365. Victorian navels, 235. Lemons: .Missions, 465, Mandarines: Choice, 23s ;n Grapefruit, 335. Poormans, los. Bananas: Ripe, 30s. Victorian grapes: Choice, 22s 6d, Coconuts, 18s per sack. Potatoes: Cahterburys, Oamarus, Outrams, 6s, 7s. Onions: Canterbury's. 7s, 9s; pickling, ss, 7s. Oyster grit. 8s 6d. Special pippa, 9s 6d. Pie melons; Australian, 15s. Fat, 18a. 27s 6d cwt Hedge plants; Louicera Nitida, Olearia Foraterii, Escallonia, Privet and Holly, ' 18s to 10s per 100. . Tagerirh lucerne plants, 50a per 100. Black leaf “40": 10’b .tins. s'4s; 21b tins, 15s 6d; £lb, 5s 3d. .Wheat: Fowl. 6s, 6s fid. Oats: A Gartons, 3s 6d; B. 3s 2d per bushel. Special oystozon rose manure, 6s per cwt, Bran, £7 10s. Pollard, £9. Oatsheaf chaff, £5 .10s, £6 per ton. Cpw chaff, £4. Lucerne hay, £5 10s. Poultry: 117 hens at 2a 8d to 7s; 33 cockerels. 3s 6d. 11s; 18 ducks, 7s 4d, 10s 2d; 11 geese, 9s, lie; all at per pair. REILLY’S CENTRAL PRODUCE MART, LTD., Dunedin.