COMMERCIAL

Southland Times, Issue 19757, 3 February 1923, Page 2

COMMERCIAL

THE RIALTO. Messrs William Todd and Co., Ltd., report the following sales for market day, Friday, February 2: — Poultry.—Good entry and fair competition. Hens, 1/3 to 1/7; small pullets, 2/6 i to 4/-; purebred White Leghorn pullets, , 8/- to 10/3; ducks, 1/11 to 2/3; Pekin ducks, 2/9 to 2/10; geese, 3/- to 3/4. Pigs.—Small entry; improved demand; small weaners, 6/- to 8/6; weaners, 9/6 to 15/-; small stores, 18/6 to 21/6; stores, £1 2/- to £1 15/-; purebred Yorkshire boar, £4 10/-. Pony, £9; gig, £l4; mower, £l2. Produce.—Potatoes (market over-sup-plied), 10/- to 12/- cwt; onions, 12/- cwt; chaff, £4 to £4 10/-; straw, £4; clover hay, £5; wheat, 17/- to 18/-; oats, 12/- to 13/6; wheatmeal, 14/-; linseed, 22/6; oat dust, 4/-; sorrell, 5/6. Miscellaneous.—Johnson’s English barb wire, 33/- cwt; No. 8 wire, 26/-; wire-net-ting, 18/- to 29/-; sheep netting, 29/-; fencing posts, £6 to £6 10/- hundred; rock salt, 9/- cwt; Ceylon tea, 2/3 to 2/6 lb. D. W. McKAY, LTD. Messrs D. W r . McKay, Ltd., report as follows : Bacon Pigs.—We are again buyers of bacon pigs. AU pigs must be consigned in clean wrappers and advice sent by post. Produce.—Heavy consignments of potatoes are coming to hand, and the demand is poor. Only the cleanest and freshly dug lines are in demand. Indifferent lines practically unsaleable. Fowl wheat is firmer, 14/- to 17/-; feed oats wanted; prime chaff, £5, sacks extra; Meggitt’s meal, 7/6; bran, 8/6; pollard, 16/-; oat dust, 4/-; barley, 15/-; table potatoes from 4/- per cwt to 9/-; prime roU bacon, 1/1; preserved ginger, l/2j. Fruit.—Exceptionally large supplies coming through, and we are handling every day record consignments. One feature of our consignments is the first-class quality, the bulk of the fruit arriving in good condition. Values are about the same as last week, though peaches have firmed and tomatoes eased somewhat. Current approximate prices: Oranges, to 37/6; lemons, to arrive; cucumbers, 4/6 per box, hothouse to 5/- per dozen; Bon Chretien pears to 3d; dessert apples, 4d; peaches to 4Ad, jam from 2d; apricots, choice to 4d, others from 2d; plums, dessert to 4Ad, jam 2|d; pineapples to 21/-; passions from 3/6 to 10/-. We expect large consignments next week of pears. General.—Exchange tea, good value, 14/-; gig, £lO ; gent’s bike, £5; lady’s do., £4; motor bike, £39; a particularly good machine can be bought for £3O. Furniture.—This department has had a busy week. We have consigned furniture to most of the districts in Southland. Country clients will find all they want in our mart. F. BOWDEN AND CO. F. Bowden and Co., report the arrival of enormous supplies of fruit during the week, the quality in most instances being excellent. After this week apricots will begin to ease off and prices must firm. Peaches, although it is between seasons for this fruit, we have had large supplies. Yesterday saw an improvement in the supply of plums as we received over 200 cases. Cooking apples and dessert pears are in good supply. Fair supplies of dessert apples are arriving and meet with a good enquiry at fair values. All vegetables are very slow of sale, we have never known the market so weak. Tomatoes are still short of requirements, a few Nelsons have come to hand but in most cases they are very inferior.

The week closed with wholesale prices ruling. Apricots: crates 2£d to 3d lb; cases to 2|d lb; peaches: crates to 4d, cases 2d to 3d lb; nectarines 3d to 4d lb; plums 2d to 3d lb; pears, Bon Cretien 2Jd lb, others cheaper; cooking apples 6s to 6s 6d; desserts 10s 6d case; tomatoes, hothouse lOd to Is; Christchurch out-door 9d to 10d; Nelson 4d to 6d lb; oranges,American double cases 38s to 40s; bananas to arrive during the week. Vegetables, produce etc. —Cabbage Is to 2s doz.; cauliflower Is 6d to 2s 6d doz.; onions 17s cwt; French beans 2Jd lb; broad beans Id lb; pollard 200’s 22/-; oats 12/- sack; fowl wheat 14s 6d to 18s 6d sack; fowl grit 6/6 bag. Hot-house cucumbers 3/6 to 5/6 a doz; outdoor 4/6 half case. Bran 150’s 9/6. BRAY BROS.’ REPORT. / Messrs Bray Bros., Ltd., auctioneers, etc., report receiving exceptionally heavy supplies of “stone” fruit. On Wednesday we received 12 tons, which is a record for a one-day’s supply of fruit in so far as this season is concerned. Apricots, peaches, and plums are selling ai from Ijd per lb to 4id per lb, according to condition and variety. Nectarines 2d to 5d lb, W.B.C. pears 3d to 4d lb, other varieties 3d to lb; apples (Cox Orange Pippin), 5d to 6d lb; other dessert to 3sd lb; cooking apples to 3d lb; oranges (S.A.), 25/-and American 35/-; cucumbers (hothouse), to 10/- outdoor grown 5/- to 7/6 box; tomatoes (hothouse) to 1/6, outdoor grown 1/- to 1/2, Nelson 5d to 9d lb, according to condition; new potatoes to 14d lb; cabbage, to 2/6 dozen; cauliflower to 5/- dozen. Produce.—Prices remain unchanged, with the exception of onions, which are beginning to -arrive from Canterbury in fair quantities, and are now selling at 15/cwt. We have full supplies of all classes of produce. General.—De Dion S.S. motor car, £5O; gent’s cycles (3) £5 to £8; three ladies’ cycles, £5 to £8; girl’s cycle, £4. Furniture.—Our Furniture Showroom in Spey street have complete supplies of oak and rimu furniture. Inspection is invited, and if you do not see what you require “in stock,” we will quickly have your requirements made up to order. STOCK EXCHANGES. (Per United Press Association). CHRISTCHURCH, February 3. Sales reported: Government 44, 1938, £97 3/-; s|, 1933, £lOO 17/6; New Zealand Insurance (cum. div.), £1 8/3; Manning’s Brewery, £4 5/-; Union Bank (ex div.), [ £l3 15/-; Wilson’s Cement, £1 3/1; Beath & Co., £1 11/-; New Zealand Refrigerating (£1 paid, cum. div.), £1 7/-. AUCKLAND, February 3. Sales: War Loans, 1930, 1938,' 1939, £97 5/-; Bank of New Zealand 57/9; New Zealand Insurance 28/6; South British 38/3; Huddart Parker 55/-; Auckland Trains 19/2; Takapuna Tram 17/-; Wilson’s Cement 23/-; Waihi 32/-.. LONDON WOOL SALES. (By Telegraph—Press Assn.—Copyright.) (Australian and N.Z. Cable Association.) LONDON, February 1. At the. wool sales, owing to the collapse in the exchanges, merino fell 5 per cent., and there were many withdrawals. Crossbred is not affected. METAL PRICES RAISED. LONDON, February 2. (Received February 3, 7.25 p.m.) The Scotch Iron and Steelworkers’ Association has raised the prices of iron bars by 10/- per ton; ship plates by 5/-; sheets by 5/- to 20/-. AUSTRALIAN MARKETS. MELBOURNE, February 2. Barley, English, 4/6; oats, 3/8 to 3/8|; potatoes, £4 15/- to £5 10/-; onions, £4 to £4 10/-. HIDE SALES. MELBOURNE, February 2. At the hide sales there were large catalogues. The market was very firm and for all stout and light lines values were unchanged. Heavies and mediums were firm

FOREIGN EXCHANGE. LONDON, February 2. (Received February 2, 7.20 p.m)

NEW FINANCIAL INSTITUTION. N.Z. GUARANTEE CORPORATION LTD. In this issue appears an announcement concerning the formation of the N.Z. Guarantee Corporation Limited. The Corporation has been formed with the main object of financing credit sales of commercial motor vehicles in the Dominion. It is founded on principles akin to those of similar concerns, which have proved so useful and successful in England, Canada, the United States ,and also in Australia. It is said that the tremendous developments in the marketing of motor vehicles has outstripped the grogress of available credit machinery, and has made necessary the formation of a new financial institution. The New Zealand Guarantee Corporation’s operations include the providing of credit accommodation for accredited distributors of motor vehicles; assisting approved individuals to purchase commercial motor vehicles; and generally speaking to supplement existing banking facilities. It is stated that the corporation has no interests in any make of car. It is not concerned with any particular manufacturer, and deals through the agent or distributor. It is intended to enable dealers of approved standing to finance their sales of motor vehicles, and to increase business by extending financial accommodation, on safe lines, to accredited purchasers. It has been decided to offer to the public 116,000 £1 shares out of an authorised capital of £200,000. Of these 116,000 shares, 96,000 are ordinary shares, payable on easy terms and 20,000 are Cumulative Preference shares, bearing interest at the rate of 7 per cent, per annum. It is stated that prior to the filing of the prospectus, interim aplications had been made by the public for 23,000 shares, exclusive of what members of the syndicate are taking up. Copies of the prospectus may be obtained from the local branch of the Bank of New South Wales, from any member of the affiliated Stock Exchanges of New Zealand, from the chief brokers, Messrs A. M. Adams and Company, Wellington or the Corporation’s Offices, 12 Panama Street, Wellington. The Interim Secretary is Frank H. Taylor. WOOL COMPARISONS. CONTRAST WITH 1914. The latest prices obtained for woo! in Southland make an interesting comparison when placed alongside the prices ruling at the January sale of 1914. The 1914 sale was described “as the best sale for 15 years” by experts who were well pleased with the prices obtained. In comparison with the recent sale the 1914 prices show a big difference, in some cases as much as lid per pound. It is a difficult matter to get a good comparison with the prices ruling during the commandeer, but taking them all through the prices obtained at the recent sale were not so good as the commandeer prices. The recent sale showed more fluctuations and in some pages of the catalogue the prices ranged from 104 d to 17d, while the commandeer prices taken over an average page ranged from 15d to 17d. The recent sale, as compared with the commandeer prices, was as follows:—Best halfbred Id to 2d above commandeer; medium halfbred the same; inferior halfbred, Id to 2d down; fine crossbred, par to Id down; medium crossbred, 2d down; coarse crossbred 3d down; matted, 4d to 5d down; pieces, 3d to 4d down. This range is a general one, and in a few instances commandeer prices were exceeded, but on the general catalogue the prices showed a decline. i The following is a comparison with the 1914 sale:—

Par. Jan. 29. Feb. 2. Paris (fr) 25.224 74.95 78.60 Berlin (mark) 20.43 150,000 195,000 Stockholm (kr) 18.150 17.35 17.40 Christiania (kr) 18.150 25.05 24.97 New York (dol) 4.80 4.631 4.66J Copenhagen (kr) 1.50 24.23 24.40 Montreal (dol) 4.80 4.671 4.71J Rome (lira) 25.221 — 98.8

1923; d. d. 1914. d. d. Halfbred— Super 22 to 24 11 to 104 Medium 18 to 21 104 to 10 Inferior 16| to 174 9£ to Threequarter-bred— Suffer 17 to 19 None Medium 15 to 164 None Inferior 14 tola None Medium Crossbred— Super 17 to 184 into 104 Medium 13 to 154 10} to 94 Inferior 10 to 124 to 8A Coarse Crossbred— Super 10 to 12 10 to 94 Medium 10» to 114 9}to 8} Inferior 9 to 104 84 to 8 Super 17 to 18 None Pieces— Halfbljed 1} to 20} No Crossbred 10 to 15 Prices Locks 5 to 5| Available. Bellies— Halbred 12 to 164 No Prices Crutchings 5 to 74 Available. At the 1923 sale there were 16,500 bales, and the average price per bale was £15 10/-, the gross proceeds being of £255,750.