COMMERCE AND FINANCE

Otago Daily Times, Issue 20917, 6 January 1930, Page 12

COMMERCE AND FINANCE

CHRISTCHURCH WOOL SALE. CATALOGUE LIMITED TO 24,000 BALES. (Special to Daily Tikes.) t . GHRISTCHURCH. January 4. It ib eetimated that there will be a carry-over of between 12,000 and 13,000 bales from the second • wool sale of the Christchurch season which will be opened on Monday evening next as a reeult of the Wool Committee's limitation of the catalogue to 24,000 bales. t ßrokers' catalogues are now closed, and on Monday buyers will complete their valuations, which'they were engaged on yesterday and to-day. The condition of tho wool is much the same as usual for this eale. though a lot of the clips, as a result of the dry winter and spring, have opened up dusty and light in "condition. There is a fair amount of tender wool forward, and a good sprinkling of sunder wools. The f>roportion of medium clips is much leavier than usual. Fine wools again form the greater part of the catalogue. LONDON MARKETS. (United Press Association.) (By Eloctrlc Telegraph—Copyright.) (Received Jan. 5, at 5.5 p.m.) Friday's closing prices are as fojlow: Cotton: February, 9.10 d per lb. Rubber: Para, B|d; plantation smoked, 7§d. Jute: January-February, 2s 4}d. Hemp: None offering. Copra: January-February, South Sea, £2l 10s; plantation, Rabaul, £2l 15s. Linseed oil, £45. Turpentine. 43s 6d. Osmiridium is unchanged. PRICE OF GOLD. (United Press Association.) (By Electrlo Telegraph—Copyright.) ~ . LONDON, January 3. Fine gold is "quoted at 14 4s Hid per ounce. y LONDON STOCK EXCHANGE. {United Press Association.) (By Electrlo Telegraph—Copyright.) LONDON, January 3. Th» following *ro tho latest quotations for Gorernment EcoHritie?, compared with tho priceß ruling last week:— , Last week. This week.

£ i. d. £ a. d. Imperial Conaols, II p.c. ... 8310 0 63 0 0 War loan. 6 p.a, 1930-47 ... 39 Is 0 100 B 0 Oonroiion loan Sj p.o. ... 74 o 0 71 to Victory 4 p.o _ ... ._ ... OI io 0 01 10 0 O'wealtb S p.o- 19.11-41 ... 9) 6 0 99 0 0 O'wealtb t\ p. 0.. 1033-27 „. St 7 6 01 3 6 N.Z. B p. 0.. 1936-51 103 10 0 104 5 0 N.2. 4 p.o.' 1929 .. 93 15 0 93 17 6 N.Z. 3, p. 0.. 1940. ... .„ ... 85 10 0 85 15 0 ST.2. S p.e., 1945 78 17 G 77 10 0 S.aW 6J p. 0., 1930-40 ... 101 0 0 08 10 0 N.S.W Bp. 0.. 1930-40 ... 98 0 0 97 18 0 N.B.W 6| p.a, 1922-33 ... 97 3 G 97 10 O N.S.W. 4 p. 0., 1933 ... .„ fit 3 6 91 7 6 H.S.W. 3) p.o-. 1930-60 ... 84 3 9 84 IS 0 N.S.W 3 p.c. 1935 70 2 0 69 15 0 Via 6| p. 0., 1930-40 90 15-0 90 13 Via «p. 0., 1933-43 .„ ... 84 0• 0 84 3 6 Via 41 p. 0... 1940-60 D 7 8 9 97 0 0 Via 8} p.O. 1839-49 .„ ... 70 IB 0 70 0 0 Via 3 Q'land 6 p.a 1930-40 99 0 0 98 B 0 U'land 3J p. 0.. 1930 G 8 0 0 6fi 15 0 Q'lapd 3p. 0.. 1923-17 ... ._ »i 3 5 97 0 0 8-A- Gg p.c. 1930-40 101 0 0 93 0 0 B.A- 3} p. 0., t 930 SI 6 0 81 0 0 S.A. 3p. 0.. 1018 or alter ... •">» IS 0 54 io 0 W.A.. 6 p.o. 1930-40 ... ... 98 0 0 98 0 U W<A. 3 9 p.o. 1920-35 87 18 0 86 10 0 W.A. 3) p. 0., 1318-3 S ... .„ 85 10 0 86 0 0 Tat. 63 p. 0., 1930-40 101 0 0 99 0 0 Taa. 3J p.c, 1920-40 ... ... 79 10 0 80 0 0 T»B.' 3p. 0., 1920-40 .„ „. 75 00 1 76 0 0

FOREIGN EXCHANGES. (British Official Wireless.) (United Presa Association.) (By Electrio Telegraph—Copyright.) ItUGBY, January 1. Tar. Dec. 27. Jan. 1. Paris, tr. to £1 121.21 123.83 123.91 Brussels, belgas to £1 ... "5 .14.855 30.885 Oslo, kr to CI _. .„ 18.159 18.19 18.205 Stockholm, kr. to £l „. 18.1.19 18.10 15.13 S Copenhagen, kr. to £1 „. 18.159 18.19 18.205 Berlin, tnar,k« to £1 ... 20.43 20.585 20.4.35 Montreal, doL to £1 ~, 1.863 4.92} 4.93 5-16 New York. dol. to £l • 4.809 4.58 7-32 4.88 Yokohama, pence to yen 21.*$ 24. 3-32 24 3-16 Hongkong, panes ft rtol 24.58 lftj Bombay, pence to rupee 18 BaUTla, 6orin» ta £1 .. 12.107 Milan, lire to £1 52.45 03.25 93.31 Amsterdam, guild to £1 12.107 12.08; 12.09} Prague, kr. to £1 _ _ 24.02 164! IfitJ Geneva, Ir. to £1 _ ... 25.22 i 24.096 25.185 Vienna, lohilllngs ro £1 34.581 34.85 34.68 'Heleingtore, marks to £1 293.34 1041 194} Uadrld. pesetai to £1 ... 35.33$ Athene, drachlna to £1 25.32} 378 375 LUben, eiondci to £l ... 4.50} Bucharest, lei to £1 ... 973 617 818 Bio de Janeiro, pence to milreis ... _ is 6 7-1 G Buenot Aires, penoe re peaoe .„ ... ... ... 47.52 4511-18 Shanghai, pence to taal 231 25} FRUIT AND PRODUCE WORLD. Reilly's report: Good vahies all lines choice fruits; green peas short requiremente. Bananas unprocurable: oranges and American grapes are good buying. Wo sold:—Spring onions, 6d. Radishes, 9d per dozen bunches. White turnips, 9d. Section honey: Choice. lOe 6d. Cabbage, 2s, 3s. Cauliflowers, 6s, 10s. Mushrooms. lOd, Is 2d. Lettuce, 2s 6d. Erbs, Is Id; guaranteed C.P.M., Is 2*d. Mutton birds, 10s. Strawberries: Choice. Is Id, 16 6d. Jam strawberries, lOd, lid. Apricots. Cases, 6s 6d, 9s; crates, 9|d. Cherries: Choice, Is 3d. 2s 2d; -ripe, 4d, 6.1. Peaches: Cases, 4s 6d, 7s 6d; crates, 6Jd. 9}d lb. Raspberries. lOd, Is pottle; buckets, Bs. 10s Od. Black currants. 4*d, Red currants, 4d, 3d. Cherry plums. 2d. 4d. Local grapes. 2s lOd, 3s 3d. Plums: Dessert, 7d.9d. Cucumbers. ss. 8s 6d. Butter: Pats, bulk, Is 2d, Is sd. Bacon: Choice, Is 2d. Peanuts, ,sd; walnuts, 9d, Is. Cheese: Medium. 9Jd. Tea: Orange Pekoe, 2a 6d. New local potatoes, 13d, Tomatoes: Local. Is 2d, Is 4d; Canterbury. 9d, Is 2d; Nelson. 9d. le. Green peas. 3d, 4Jd. Broad beans. 2d. French beans, Is Id. Rhubarb, 2Ad lb. Gooseberries: Bottling, 2d, 3d; jam. Id. 2d, Beeswax, Is Bd. Horsehair. Is 9d. Bacon pigs: Prime. Old; porkers. B*d; heavy-weights, 4d, 6d. Honey: Bulk, 4d; 10lb tins. ss. 66. American grapes, 255. American navels, 42s 6d. Australian Valencias, 22s Od. Mission lemons, 70s. Grapefruit 40s. Coconuts, 16s. Onions: Bags, 18s; Pukekohe, 16s. Manuka tomato stakes, 25s per 100. Strawberry and cherry pottles, 60s. 65s per 1000. Special pippa Rrit, 9e. Oyste r grit, 8s 6d. Tallow, 18s. 27e 6d cwt. Woodwool, 28s bale. Fruit tfraps, 3s 3d ream. j Vallo Giraffe lime sulphur: Cases, 4 gal- ; lons 2s 9d; barrels, 2a gallon. Black leaf "40": 10lb tins. 545; 21b tins, 15s; Alb, 5s 3d. Semesau: 51b. 555; Alb, 7s 6d; 2oz, 2s 3d. C.M.W. knapsack sprayer. Vermorel type, £3 3s. Vallo prepared white oil: A sure killer of codlin moth esgs, from 7s to 9s per gallon. Palmer's chick food: 101 b. 2s Od; 251 b. 6s 3d: 501 b. lis; 1001 b, 20s. Wheat, 6s, 7s. Crushed peas, 20s sack. Karawood spice: 41b. In; lib, Is lOd: 71b, 12s 6d. Bran. £7 10s. Pollard, £9. Oateheaf chaff, £6 10s per ton. Poultrv': 116 hens from 2s 6d to ss, 23 small cockerels 3s 4d. 8s (all at per pair). Dressed poultry: 50 hens from ss, 6s per pair. REILLY'S CENTRAL PRODUCE MART, Queen's Warehouse. Moray place, Dunedin.

LOCAL AND OVERSEAS MARKETS,

FROZEN MEAT MARKET. (United Press Association.) (By Electric Telegraph—Copyright.) . LONDON, January 4. (.Received Jan. 5, at 5.5 p.m.) The weekly quotations for the undermentioned classes of frozen meats, based on actual sales of wholesale quantities of carcasses of mutton or lamb or quarters of beef delivered to Smithfield Market ? n “* t. or London stores, are compiled by th° Quotations Committee at Smithfield- To arrive at the equivalent of exship values, Jd per lb should bo deducted from the prices quoted. Tho quotations are the average for the week, and are not selected lines, but? parcels fairly repro* sentative of the bulk of the shipnr-nts now on offer. .. New Zealand Sheep.—Canterbury and North Island selected crossbred wethers (f?d maiden ewes—4Blb to 661 b7d per lb, 571 b to 651 b 6 Jd. ,631 b to 721 b 6|d; North Island crossbred wethers and maiden ewes to BBJb Md. 671 b to 641 b 6|d, 651 b 'b /2lb 6id; New Zealand ewes—sSlb to 641 b 6d. 651 b to 721 b 43d. Australian Sheep.—-First quality crossbreds (and, or) merino wethers—solb to 651 fa Sid; second quality—3olb to 1:51b sd: Australian ewes—3olb to 551 b, 4|d. Argentine Sheep,—First quality crosa°rcd wethers—4Blb to 64tb OJd. 651 b to 721 b 6d, oyer 721 b 5Jd; Argentine ewea, none offering. Patafjonian Sheep.—None offering. New Zealand Lambs.—Canterbury— 301 b and under 9d, 371 b to 421 b B|d; second quality Canterbury and other Sbuth Island brands, none offering; selected North island brands—3olb and under 103 d second quality (average 311 b) 9Jd; other JNorth Island brands—first quality (361 b and under) IOJd, second quality 9Jd. Australian Lambs.—Victorian: First g^ahty—36lb and under. BJd; 371 bto 421 b, Bgd. Other States: First quality—3old and under, BJd; 371 bto 421 b, BJd I'm. torian: Second quality—36lb and under, n‘'States; Second quality, 7id; all States, third quality, OJd. Argentine Lambs.—First quality—36b) 501 b "|d er 7 * d * 371 bto 421 b 7 - d * 431 btD Patagonian Lambs.—First quality, none offering; second quality—average 301 b, New Zealand Frozen Uecf7—Nona offering. Australian Frozen Beef.—Ox: Crops— Under 1001 b 4|d per lb, over 1001 b 6d: hinds—under over 1601 b 6gd. Argentina Chilled Beef.—Ox: Fores1601b to 2201 b 4Jd; hinds—loolb to 2201 b 7sd. Nf"' Zealand Fi rßt Quality.—6olb to 1001 b, 10*d; 1011 b to 1201 b, 30d. NEW ZEALAND LOAN AND MERCANTILE AGENCY. ANNUAL REPORT. (From Our Own Correspondent.) LONDON, November 20. The directors of the New Zealand Loan and Mercantile Agency Company report for the year ended June 30, 1920, that after'paying interest on tho first and second mortgage debenture stocks, making provision for bad and doubtful debts, and other contingencies, and writing £IO,OOO off premises, there remains a balance of £170,715_ 15s 9d. The directors have appropriated to the staff benevolent fund flO.opo, leaving £169,715 15s Od. The dividends of 21 per cent, on the 5 per cent, cumulative preference stock, 3 per cent, on the ordinary stock, and dividends for 12 months on the 64 per cent, cumulative second preference stock absorbed £87,500. leaving a balance ''vhich has to bo added the amount brought forward from last year, viz., £51,196 7s 6d, making a total of £133,412 3s 3d. The directors recommend a final dividend of 24 per cent.’ on the 5 per cent, cumulative preference stock (payable less income tax at 2s in the £), £25.000; a final dividend of 5 per cent, (payable less income tax at 2s in the £) on tie ordinary 3 P or cent, for tho year, £50,000; making £75,000; leaving to be cnrncdv,forward £58,412 3s 3d. LONDON PRODUCE MARKET. The South Island Dairy Association has received the following market report from tho New Zealand Produce Association, London:— ’ Better: The market is slow. Quotations are; New Zealand, 156 s to 160 s; Danish, 176 a to 178 s. Cheese: The market is quiet. Quotations arc; White, 87s to 88s; coloured, 85a lo 80s. N-S. WALES CUSTOMS RETURNS. (United Press Association.) (By Electric Telegraph—Copyright.) _ ' SYDNEY, Japuary 4. llie Customs figures for the six months rS 1 M ,SS 0 ? lnber 31 show an increase ot £2,183,507 m revenue on that of the corresponding period for 1928. Tho revenue was £23,115,353. The postal revenue increased by £352,502.