COMMERCIAL.

Southland Times, Issue 19250, 14 June 1921, Page 2

COMMERCIAL.

STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. At the usual meeting of the Stock Exchange yesterday morning sales were reported of Southland Frozen Meat and P.E. Company’s £1 shares at £1 3/3 and of Government Spldier Settlement bonds at £92. The following were the quotations:— Union Bank, buyers £l2. Southland Farmers, sellers £3. Wright, Stephenson and Co., buyers 29/-. N.Z. Milk Products, sellers 16/-. S.F. Meat & P.E. Co., sellers 24/- and 12/ -. Waihi Grand Junction, sellers 12/-. Bruce Woollen Mills, buyers 40/-. Mosgiel Woollen Mills, buyers £5. Greater Lyceum, sellers 5/-. War bonds, 1938 and 1939, buyers £B2 5/-. N.Z. Government Soldier Settlement bonds, buyers £92. NEW ZEALAND FRUIT. (Per United Press Association.) WELLINGTON, June 13. The New Zealand Fruitgrowers’ Federation advises receipt of a cable, dated June 12, advising the sale of the Athenic’s fruit at Hull, apples 22/- to 28/-, the bulk averaging 25/-. Cleos realised 21/- to 32/-, and defective apples realised 10/- to 18/-. Pears sold up to 11/4 per half case, according to conditon. Many of them were in poor condition. TIMARU MARKETS. TIMARU, June 11. A sudden change has taken place on the wheat market, and so far from holding off as they have been for some time, millers are now keen buyers, a fear being expressed that the supply may not yield enough to last till next season. Oats are a little inclined towards weakness in the south, though the position is unchanged here. Very few are offering, but a few lines have changed hands during the week. A large quantity has been sold for shipment Home, and offers are still being made from London to purchase for June shipment at prices which leave a small margin. Speculators who over-sold, foreseeing the possibility of a cessation of the London demand after June, are said to be launching quotations on the market for delivery from August to December at much below current rates, but it is predicted that little notice will be taken of this. The grain trade, at least in the South Island, appears to be reverting to the old policy of handling stocks as they come along rather than indulging in speculation which has proved so disastrous during recent years. Chaff is rather quiet, and is worth £4 to £4 5/- at country stations, sacks found by buyers. There is very little offering. Barley is still dull, at 3/6 to 4/- on trucks.

Cowgrass is rather firmer at 7d to 8d per lb on trucks, sacks extra. There has been a sharp advance in the price of linseed, due to an inquiry from Australia. It is quoted to-day at £l5 per ton, but this price is nominal, as it is not yet certain whether business can be concluded with Australia on this basis.

The market for Partridge peas is still good at 6/- per bushel for No. 1 quality, and 3d less for f.a.q. lines. Potatoes are still very slow of sale, and to-day’s quotation is £3 per ton on trucks, sacks included.