OAMARU MARKETS.

Otago Witness, Issue 3512, 5 July 1921, Page 25

OAMARU MARKETS.

(From Our Own Corbkspondsnt.'i OAMARU, July 2. The stock market still lacks animation. This week’s regular sale was in all respects tire poorest seen for a long time—small yarding, meagre attendance, and low prices being the record. There has been a little more activity privately. This has been wholly in breeding ewes, which have been sold as fol-lowsTwo-tootli, 19s; mixed four and sixtooth, 19s; mixed four, six, and eight-tooth, 19s; full-mouthed, from 8s to 12s 6d; brokenmouthed, Bs. A line of wether hoggets changed hands at 6s. A number of transactions in cattle, but generally in small lines, are reported at the following prices:—Fat cows, £9; three-year-old store steers, £5 ss; two-yoar-old steers, £3; 18-months-old steers, £2 2s 6d; 13-months-old heifers, 30s. There is a ready market for dairy cattle, and sales have been made as follow: —Cows of extra quality coming to profit, £l6 to £18; ordinary cows coming to profit, £l2 to £l3; heifers to calve in the spring, £5 10s to £7. THE FRUIT AND PRODUCE WORLD. Reilly’s Central Produce Mart report: Potatoes, ewede turnips, Canterbury onions, and second grade apples slow of sale. American and Australian fruits are in full supply, and prices are very reasonable. Peanuts are good buying at present prices. Poultry, pigs, and butter find a ready sale. Eggs are moving freely. Violets and narcissi realise high prices. Keen competition for autumn and winter rabbitskins. We received and sold: Winter rhubarb: 3s Gd. Flowers: Violets, 7s 6d to 9s 6d; Narcissi, 63 to 12s 6d dozen. Tomatoes: Locals, to Is 7d; Christchurch, Is 4d to Is 6d. _ Pears : Coles, 3&d; Neiis, 3id, 4d; other varieties, 2td 3d. Peanuts: Best quality, shelled, 6d. Almonds: Is Id. Bacon pigs: 9d; porkers, 9d; choppers, 4Jd, 6d. Beeswax : 2s, 2s 6d. Tea: Choice, 2s 4d per lb, in 101 b boxes. Rabbitskins: Winter bucks and does, 4Sd 74d; autumns, 30d to 58d; summers, 7d .to 14d per lb. Hargreaves’s choice canned pineapples: 19s. Cauliflowers: L to 10s 6d. Cabbage: to 3s Gd. Eggs: Stamped, 2s; cased. Is lid. Honey: Sections, 14s *6d; pats, 5s 6d dozen; bulk, 7.\d, 8d lb. Apples: Delicious, 12s . to 15s 6d; Jonathans, 10s; Scarlets, 10s; Sturmers, 10s,. 12s; Lord Wolseleys, 9s 6d; Cleopatras, 9s, 10s 6-d; Dunn’s Favourite, 8s Gd; cookers, 83 for choice, inferior 4s, 6s case. Oranges: Adelaide plain, 20s; Navels, g!s; Poorman’s, 2:ls 6d; American Valencias, 3Ss. Mandarines: Choice, 20s, 225. Lemons: American, 40s; Adelaide, 20s. Bananas: 22s 6d for choice; over-ripe and wasty, 10s to 16s. Pines: 23s for choice; green, 9s to 17s. Passions: 17s 6d. Fruit trees: Two-year-old, best quality apples, £7 10s per 100. Roses: Latest novelties, 12s to 20s dozen. Pie melons: to 26s €d. Marrows: 14s. Pumkins: 17s 6d. Table carrots: 5«. Swede turnips: 2s 6d. Parsnips : 9s 6d. Potatoes: Canterbury reds, 3s; Southland, ss; locals, 63; Southland seed, Bs. Onions: Christchurch choice, 6s; inferior, 3s; Melbourne, 9s. Fat: ISs, 22s cv.-t. Molasses: In barrels, 13s 6d cwt; tins, 9s each. Poultry: Hens realised 5s 6cl to 13s; pullets realised 14s 6d to 15s; cockerels realised 3s Sd to Ss; ducks realised 7s to 103 per pair. E. OSWALD REILLY, Managing Director, Moray place, Dunedin. CUSTOMS RETURNS. The Customs returns for last month amounted to £10,254 5s lid, and the beer duty to £7596 4s 4d, as compared with £103,528 11s 2d and £8360 Us 8d in June last year. The returns for the quarter totalled £147,352 5s 2d, and the beer duty £25,554 19s id, as compared with £261,065 7s 3d and £26,432 1 6s 3d for the same quarter in 1920. CONDENSED MILK. AUCKLAND, June 30. A limited liability company was registered yesterday in Sydney under the title of Nestle and Anglo-Swiss Condensed Milk Co. (Australasia), Ltd., with a capital of £4,000,000, the first directors being Mr A. C. Hargrave (■Sydney), chairman and managing director; Mr S. It. Levy Sydney), Mr F. A. Waller (Sydney), Mr G. Agnet (London), Mr A. Roussy (Vevey), Mr F. H. Page (Cham), and Mona. A. Lictard Vogt (Paris). It is understood that the Australasian company has arranged to acquire the Australasian interests of Nestle and the Anglo-Swiss Condensed Milk Company, and also those of the Bacchus Marsh Concentrated Milk Company Proprietary (Ltd.), the Standard Dairy Co. (Ltd.), and the Australian Milk Products (Ltd.;. THE BANK OF NEW SOUTH WALES. Elsewhere in this issue is published tiio aggregate balance sheet of the Bank of New South Wales, adopted at the half-yearly meeting of that institution on May 31 last. Th© report, presented by the directors, showed that th© not profits amounted to

£403,992. A 3 the undivided balance of the previous half-year was £169,383, out of which an interim dividend! representing £123,956 had been paid, the total available for allocation was £449,359. The recommendation of the director was that a quarter’s dividend at the rate of 10 per cent, should be paid, absorbing £124,130; that a bonus of 10 per cent, should bo paid, accounting for the same amount; that £75,000 should be transferred to the reserve fund; leaving £126,038 to be carried into the new account. The Chairman (Sir O. K. Mackell&r) explained that the bonus was to be regarded as "a very special matter,” being partly derived from exceptional profits made in one or two items during the half-year and partly from th© carry-forward having been larger than was really needed. The Chairman reviewed the operations of the half-year only briefly in moving the adoption of the reports. He claimed that the efforts of the bank to get business on to a steadier footing had boon successful and customers now realised that while the bank was prepared to meet the legitimate requirements of trade and the operations of business generally, it waa not prepared to go to unreasonable and imprudent lengths in support of their enterprises. It was quite certain, he said, that trade generally would have to adapt itself to the changed! circumstances — and all-round similar adjustments would have to be made. If prices came down, the cost of production must sooner or later come down too. He had from time to time voiced the opinion of tile board that economy in every direction should be the key-note of the country’s policy, and never had it been more needed than now. If this was judiciously practised the sooner would the country get on to satisfactory economic levels and the influence of the war become a thing of the past. NEW COMPANIES. The following new companies have been registered, renorts the Mercantile Gazette: But t and Co. (Limited). —Registered as a private company June, 1921. Office: Waikiwi, Southland. Capita]: £1250, in 1259 shares of £1 each. Subscribers: Waikiwi— H. W. Butt G 25, A. Harper 312; Invercargill—A. E. Butt 313. Objects: Motor dealers and garage proprietors. Nightcaps Industrial Co-operative Society, Limited (The). — Registered under Industrial Companies Act, June 6, 1921. Office: Nightcaps, Southland.' Capital: A limited number of shares of £5 each. Shareholders: H. Ferguson, C. B. Smith, T. Thomson, M. Dixon, F. Dougherty, J. Dahren; R. Adcock, F. Klenick, all of Nightcaps. Objects: General dealers in provisions and merchandise. INVESTM ENT STOCKS. July 2. Bank c£ Australasia —Buy. £B2. National Bank of N.Z.—Buy. £5 16s. Bank of N.Z.—Buy. 46s 6d, sel. 46s 9d. Union Bank—Buy. £l2 Bs, sel. £l2 15s. National Insurance—Buy. 575, sel. 5Ss 6d. N.Z. Insurance—Buy. 29s 6d, sel. 303 3d. South British Insurance—Buy. Sts. Standard Insurance —Buy. 465. P. and O. (def.)—Buy. £320, sel. £340. U.S.S. Co. (pref.)—Buy. 17s lOd. Huddart, Parker (or:!.) —Buy. 445, sel. 44s 3d. Huddart, Parker (pref.)—Sel. 18s. Westport Coal —Buy. 26s lOd, sel. 27s 3d. Westport-Stoekton (ord.) —Buy. 7s. N.Z. Coal and Oil —Sel. 3s 6dl. D.I.C. (ord.) —Buy. 53 6d prem. D.I.C. (pref.)—Sel. 18s 3d. Golds’orough, Mort —Sel. 395. National Mortgage—Buy. 63s 6d. N.Z. Loan and Mercantile —Buy. £BO. Wright, Stephenson (ord.) —Sel. 13s 6d. Wright, Stephenson (pref.)—Sel. ISs. Dominion Rubber —Sel. 16s. Donaghy’s Rope and Twine —Sel. 27s 6d. Dunedin-Ivaikorai Trams —Sel. 245. N.Z. Refrigerating (£1 paid)—Sel. 30s 6d. N.Z. Refrigerating (103 paid)—Sel. 16s 6d. Southland Frozen Meat (ord.) —Buy. 245. South Otago Freezing—Buy. 92s 6d, sel. 955. Bruce Woollen Co. —Buy. 41s. Kaiapoi Woollen (ord.) —Buy. 255, sel. 265. Kaiapoi Woollen (pref.)—Sc!. 24s Cd Mosgiel Woollen—Buy. £5 os. M‘Leod Bros.’ Soap—Buy. £l4. N.Z. Paper Mills—Buy. 225, sel. 245. N.Z. Paper Mills (rights)—Sel. Is 4d. N.Z. Drug Co. (£2 paid)—Buy. 525. Otago Daily Times —Buy. 44s 6d. Perpetual Trustees —Buy. 345. Trustees, Executors—Buy. 455, sel. 50s. Whitcomb© and Tombs —Buy. 525. Debentures. N.Z. Government War Bonds (44 per cent.), 1930 —Buy. £B6 10s. N.Z. Government War Bonds (4i per cent.), 1938 Buy. £B3. N.Z. Government War Bonds (44 per cent.), 1939 Buy. £B3. N.Z. Government Inscribed Stock 4 j per cent.) —Buy. £B2 15s. N.Z.. Government Postal (5 per cent ) Buy. £9l. Soldiers’ Settlement Bonds—Buv. £9l 10s sel. £9l 15s. Soldiers’ Settlement Inscribed—Buy. £9l ss, sel. £9l 7s 6d.