COMMERCE AND FINANCE

Otago Daily Times, Issue 20959, 24 February 1930, Page 6

COMMERCE AND FINANCE

THE SHARE MARKET. DUNEDIN STOCK EXCHANGE. „ No sales were recorded on the Dunedin Stock Exchange on Saturday. Bank of New Zealanders were asked for at 575, but sellers were unwilling to do business at less than 58s 3d. Buyers of Crystal Ices offered 22s 6d, sellers demanding 275. Triers was only a fair demand in the other sections. , The following are, Saturday morning’s buying and selling quotations, which are subject to the usual brokerage:— BANKING. Australian Bank of Commerce—Buy 24s 3d. Bank of Australasia—Buy £ll 17 a Bank ( of New Zealand—Bhy 575, sel’sßs Bd. .Commercial Bank—Buy 22s 6d, eel 22s Cd. E.S. and A. Bank—Buy £6 10s INSURANCE. 1 ’ SHIPPING. Burns Philp—Buy 355. Huddart, Parker (ord.)—Sel 39s 6d. Huddart, Parker (pref.)—Buy 20s. U.B.S. Co. (pref.)—Buy 20s. COAL. Westport Coal Co.—Buy 80s, sel 31s. ' LOAN AND AGENCY. Goldsbrough, Mort—Buy 31s 9d. National Mortgage—Sel 78s 6d. N.Z. Guarantee Corp.—Sel 8s fid Perpetual Trustees—Buy 18s. ‘ Trustees, Ex. and Agency—Buy 60s. MEAT PRESERVING, KZ. Refrigerating (pd.)—Buy 10s* fld, cellos, / E\Z Refrigerating (cont.)—Buy 5s 9d. 861 OS od. MISCELLANEOUS. Brown, Ewing (pref.)—Buy 20 s 3d Bruce, Woollen Co. (ord.)—Sel 13s 3d. Crystal Tee Co,—Buy 22s 6d, sel -275. DJ.C. (pref.)—Buy 21s 3d. Dominion Rubberr-Sel 28s Dunlop Perdriau Rubber—Buy 21s • Woollen (cont.)—Buy 3s ’6d. i >urn iime an d Cement — Buy 35b 3d 861 365, . i ’ Electric—Buy 9s 6d. sel 10s rn. Z s_Fv m^ B V, Fertiliser —Sel 22a. S d Ch ristchurch Gas—Buy 25$ 9d, sel 26s fez. Eaper Mills (ord.)— Sel 20s 6d. Wilsons (N.Z.) Cement—Sel 40s. . BREWERIES. N.Z. Breweries, Ltd.—Sel 84s 3d Staples Brewery—Buy 475. Dunedin Brewery—Sel 31s'. i. • MINING. Waihi—Sel 14s, Mount Lyell—Sel 345. ■ Big Beach—Buy 4s 6d ’ Kildare—Buy 7d, eel Is, Sel > 9d prem. Winding Creek—Sel 4d prem. prem° ney Creek ~ Buy 2d prem, sel 4d Paddy’s Point—Buy 3s 6d, sel 4s 3d. WAR BONDS. 6d 4 * P er «»nt. Bonds, 1939—5 el £9B 17a 17s*6d Por ° ent ‘ Insoribed » 1938—Sel £9B 17s J 6d Per -° ent- lDSeribed ’ 1939 —iSel £9B' i NORTHERN EXCHANGES. rr P >EB J . United p *ess Association.) WM *”» “ date call Friday) 58°* Smittl J T r 6d- e \ 6lß! B °°*EMacdS rL-iiiY 9 Zealand Farmers^ Welliu r o-V« 2 n lß i-| I ? Unt Lyel1 ' 33s 9d. merchandise market. Edmond’s baking and psltp price. 3nd been advanced in ® ak tomato soups, large and the shori c?nn nOl r ae . d -l oet ’ lowing toes. h t ps of outside-grown tomasugar. Kait ° ke haa bought a cargo of wBl sLT“ I? 1 jj 6 quoted at 10s per dozen " cw ltars&t p'ffr 0 ” 1 i,,b “ hlm b «" ' pri™ • bo ’' * * h “‘> ad - Golden Cloud, from the Pacific ?a°4ln. b refLdTalve U s PPlie6 °* . -the rate is 18s per dozen. .' ■ x DAIRY PRODUCE. ’ f D u iri ? S) Ltd ;i reports the its Butter prices unchanged: “Anchor “ 148 s; other finest. 146 e; market rather Steadier. Danish firm, 168 s, f.o b * •S*BsS%t." k - 87,; “ lou " d - FRUIT AND PRODUCE WORLD. . Eeniy’s report the following sales’ll 1011 honey: Choice', lOsfid lisnowers, as, 6e Swedes, * ss, 7s cwt Marrows, 7s, 9s bag. Lettuce, 2s 6d 5s Cucumbers: Hothouse, 6s, 9e- outs’ide if' M E A ffge - : guaranteed C.P.M., Is 6d J d - 4 / pr , lCots: p Cases, 5s fid. ’B3 6d; ad ’ r d> Peaches: Cases, 4s fid Cases ' d ’ d * ’ Nectarines:’ Gases. ss. 6s fid. orates, 4d. fid. Green- . Raspberries, Is 2d pottle; rinffU?’ to 2s Loganberries: Is pottle, !2s bucket. Blackberries, 9d. Ild. Cooking plums, 2d. 3d; dessert 3d. ? e , a: L S. caI ' 10d - lB 9d; Kakanui Is Id. Is 7d. Garlic, fld. Butter: Pats la 18 p d ' ld- Bac °n: Choice! p 9 v 3d - Peanuts. sd. Walnuts, 7d. 9d, So I: Medium, 9Jd. Tea: Orange Pc- „? e> o*s 0 * s ® d * New local potatoes. 7s Bd, 9s; Oamaru, Taieri, 6s, 8s cwt‘Mn\eni >Ur p’ + S Tomatoes; Local’ 7 A\ 19d : Canterbury 4d. 6d: Nelson, 3d. .n^he’ 8 Bay. 3d 4d. Green p eaß; ■ i“ d ’ 2 t d ,- Broad beans. 2id. French beans, 4d. 6d. Butter beans, ft|d hU o bar n’ 141A PP, les -- Graven stenis. 6s, 9s; Coxes, 14a; other desserts 7e. 9a; cooking, 5s fid. 7e fid. W.B C pears:. Dumps, 9s, 12s; halves. 4a. 4s 9d. Beeswax, Is 7d. Horsehair, le, Is 9d Bacon pigs; Prime, Sid; porkers 9d heavy-weights, fid, Bd. Honey: Bulk 4|d, 5Jd: 10fb tihs. ss. 6e 6d Amert navels, 465, 50s. Mission lemons. 55a, 60e; Messina, 192’s 235. Grape fruit 38s. Bananas: Ripe repacks, 32 a per cafe. Onions, 8s to 10s. Special Plppa grit. 8s fid; oyster grit, Bs, Tallow, 18s. • 27s fid cwt. Woodwool, 28s bale. Fruit wraps, 3s 3d-ream. Vallo Giraffe lime sulphur: Cases 4 gallons, 2s 9d; barrels, 2s gallon. Black leaf “40”; 101 b tins; 545; 21b,.. 15s; 41b, 5s 3d. Semesan: 51b, 55e; £lb, 7s 0d: 2oz, 2s 3d. C.M.W knapsack sprayer; Vermorel type, £3 3s. •Wheat; 6s 6d. 7s, Partridge peas, 4a fid, ss. Oats: A” Gartons, 3a 9d; “ B,” 3a 6d 'Crushed peas. 20s sack. Karswood spice: i\h, Is; jib. Is lOd; 71b, 12s 6d. Bran £B. . Bollard, £9 10s. Oatsheaf chaff; Choice quality, £6 5s ton. Clover hay £6. Straw: Wheaten, 70s. Poultry: 263 hens at 3s to 8s *6d, 124 cockerels •d, 9s 4d, 59 pallets, Bs, 15s; 15 bantams? jfe, 2a Id, 71 ducks 3s, 6s fid, 14 pigeons Sfl: 4d (all at per pair), , • , REILLY’S CENTRAL PRODUCE . MART. LTD., Queen’s Warehouse, Moray place, Dunedin.

LOCAL V AND OVERSEAS MARKETS.

LONDON WHEAT MARKET. (United Press Association.) (By Electric Telegraph—Copyright.) . LONDON, February 22. (Received Feb. 23. at 5,5 p.m.) . Wheat: Cargoes are steady, sellers asking 6d to 9d advance, with buyers holding off. Parcels are firm at 3d to 9d dearer, and there is small business doing OAMARU STOCK REPORT. (From Our Own Correspondent.) OAMARU, February 22. The stock market is firm for all classes offering with the exception in the case of store sheep, which show a substantial reduction on those recorded at the same period of last year. Fat cattle continue to sell well, more porticularly well finished light-weight heifers and steers, the offerings of these being just sufficient for local requirements.. Pat sheep are offering freely, the yardings being heavy. Light-weight wethers and ewes suitable for freezing are keenly competed for up to schedule rates, while heavy wethers and heavy ewes are not making comparative , values. Well-finished lambs are sellinpj well, but medium quality and unfinished sorts are neglected. • We quote; Fat Cattle.—Prime heavy bullocks, £l6 to £18; medium weight prime, £l4 to £l6 10s; prime heavy heifers, £lO to £l2 10a; medium, £8 10s to £9 15s; prime heavy cows, £lO to £l2; medium, £8 to £9 10s; veaiers, to £2; runners, to £5 10s; prime ok beef, 42s fid to 46s per 1001 b; prime heifer beef, to 45s per 1001 b; cow beef, 30s to 35s per 1001 b. ' Sheep.—Prime heavy wethers, 27a 6d to 295; medium weight, 25s 6d to 26s fid; lighter, 24s to 255; prime heavy ewes, 20a to 22s 6d; medium. 17s 6d to 18s 6d; lighter, ,15s to 16s; prime heavy lambs, 26a 6d to 28s; medium, 24s to 255; lighter 22s fid to 23s 6d

Store Sheep.—Forward conditioned rape lambs, 16s 6d to 17s 6d; mixed sex store lambs, 15a fid to Ifis 6d; store rather lambs, 13s to -14 s fid; ewe lambs, 17a 6d to 20s; two-tooth wethers, 18s to 20s; two-tooth ewes, -27 s 6d to 30a. Store Cattle.—Three and four-year bullocks £l2 to £l3 10s; two and threeyeay bullocks, £9 to £ll ss; yearling and 18-month steers, £5 10s to £7; yearling heifers, £4 10s to £6, two-year, £5 10s to COMPANIES 'REGISTERED. The registration of the following companies is reported in the New Zealand Mercantile Gazette:— Cabaret Enterprises, Ltd. Registered as a private company, February 3, 1930 Capital: £4OO, into 400 shares of £1 each, bubscribers: Dunedin—John Stone 200. H. C-Uore 100, Ellen Gore 100. Objects: To establish cabaret, refreshment rooms, •A a . nd . to carr 7 on in connection therewith business of dance hall proprietors, restaurant keepers, and general incident Island Cliff, Ltd. Registered as a private company. February 10, 1930. Capital: £IO,OOO, into 10,000 shares of £1 each. Subscribers: Island Cliff—^W A Gardiner 9900, H, B. Gardiner 100. Objects; Business of farmers and general incidental. \ . Grange, Ltd./ Registered as a private company, February 10, 1930. Capital£sooo. into 5000 sharps of fl each scribers: Papakaio—R. B. P Gardiner 4900, ot tormers and general incidental. Gardiner, J. and G., Ltd. Registered as a private company. February. 10, 1930. Capital: £SOOO, into 5000 shares of £1 each. Subscribers: Papakaio—J. A. Gardiner 2500, C. G. Gardiner 2500. Objects: Business of farmers and general incidentaL Simpson, R. T., Ltd. 'Registered as a private company, February 11, 1930. Capital. £SOOO, into 5000 shares of £1 each. Subscribers: Dunedin—R. T Branson 4999 R. 8. Simpson. 1. Objects: Busl ness of buyers and dealers in wool and skins and general incidentaL MELBOURNE' MARKETS. \ (United Press Association.) (By Electric Telegraph—Cfpyright.) in .MELBOURNE, February 22. _(Reciyed Feb. 23, at 5.6 Wheat (nominal) 4s Bd. Flouffll 15s to £l2. Bran £7 15s. Pollard £8 ss. 2B°10d ; Milling 3s t 0 8s ld > fead 2 s 9d to Barley: English 3s 10d, Cape 2s lid. WOOL SALES IN ADELAIDE. (United Press Association.) (By Electric Telegraph—Copyright.) . ADELAIDE, February 22 (Received Feb. 23, at 5.5 p.m.) At the wool - sales 26,000 bales were offered, of which 85 per cent, were sold ihe market improved 5 to 7£ per cent on the lowest point three weeks ago. LONDON WHEAT MARKET. (Doited Press Association ) (By Electric rfllegraph CopyrlElu i m - LONDON, February 21. (Received Feb. 23. at’s.s p.m.) Wheat; Cargoes are quiet at mostly 6a lower, but closed steadier owing to a good demand for parcels, which closed steady on some short covering. Futures* London—March, 36s 8d; May, 37s ld : Liverpool—March 7s 10gd; May. 8s 2id’. July, 8s 5Jd; the last net cash. CHICAGO WHEAT MARKET. (United Press Assdclatlin.) (By Electric Telegraph—Copyright.) m NEW YORK, February 21. , , (Received Feb. 23, at 5.5 p.m.) Ccicago wheat managed to hold strong gains to-day. despite reaction from the early strong points, when British news trom the winter wheat.belt increased the selling pressure. Reports of slight damage. in the south-west were offset by glowing reports from other sections of the country Wheat closed; March 110 cents. May 114 J. July 116}. September 118 J. LONDON MARKETS. (United Press Association.) (By Electric Telegraph—Copyright.) . LONON. February 22. (Received- Feb. 23. at 5.5 p.m.) Frozen Meat.—No New Zealand or Australian sheep offering. Argentine sheep: First quality crossbred wethers—4Blb to «41b. 7}d; 651 b to 721 b. B}d; over 721 b 7d. New Zealand lambs: Canterbury—--36 b and under, 10§d; 371 b to 421 b. 103 d; ton l°J d : second quality, average 331 b lOd. Selected North Island brands—--361b and under, 103 d; 371 b to 421 b. 105dt?nj0lb’rl^d: ® econd Quality, average 311 b, lOd. Other North Island brands—hirst quality, 361 b and under IOJd. 371 b 421 b l oi<3; second quality, average 311 b. Australian lambs; Victorian —Second quality. 361 b and under, B|:' other States second quality. 361 b and under B}d; all States, third quality, 7id s Zealand nigs: First quality—6olb to lid; others are unchanged. Cotton: March, 8.17 d per lb. Rubber; Para, B§d; plantation smoked, B}d. ’

Jute; February-March. £26 7s fid. Hemp: None offering. Copra: ' February-March. South Sea, £2l; plantation, Rabaul. £2l ss. Linseed oil £43. Turpentine, 43s fid. . i d Mea-tworfcs dry salted—QueensS A t S JA 301 bt 0 40lb ’ 251 bto 351 b 201 b to 301 b. all 7}d; New South Wales, same weights, B}d. BJd. BJd, 83d, f a t / n^9i U J een^ land ' 501 bto 6011 > s|d, 401 b to 501 b s}d; New South Wales, both / lc^. r , laD abattoirs. 501 bto 601 b fid, 401 b to 501 b fid. Osmiridium is unchanged.

CANADIAN WHEAT MARKET. (United Press Association.) (By Electric Telegraph—Copyright.) VANCOUVER. February 21. (Received Feb. 23, at 5.5 p.m.) Winnipeg advices state that unexpected strength in sympathy with Liverpool sent wheat to-day 2J to 3} cents up. May closed 117$, July 119|, October 121.