COMMERCIAL

Southland Times, Issue 21658, 21 March 1932, Page 2

COMMERCIAL

STOCK EXCHANGE. SATURDAY’S QUOTATIONS. At Saturday’s call-over on the Invercargill Stock Exchange thd following prices were quoted:— Banks. Commercial: b 13/9. National of Australasia (ord.): s £lO 5/-. . National of New Zealand: s 69/-. New' Zealand: b 42/3. New South Wales: s £24 17/6. Union of Australia: s £6 18/-. Breweries. New Zealand Breweries (shares): b 23/3. Staples’ Brewery: b 21/-. Coal. Westport: s 21/-. Kaitangata: b 2/- (dis.). Insurance. National: s 12/6. New Zealand: s 37/6. Standard: s 40/-. Loan and Agency. National Mortgage (B issue): 8 42/-. Wright, Stephenson and Co. (pref.): s 15/-. Meat Companies. New Zealand Refrigerating (10/- paid): b 3/9. Southland Frozen Meat (£1 ord.) : b 37/-; (10/- paid): b 18/6; (£1 pref.): b 37/-. Mining. Electrolytic Zinc (ord.): b 13/-. Kildare: s 1/10. King Solomon: b 1/1; s 1/5. Okarito: b 8/11; s 9/4. Waihi Gold Mining: s 16/6. Golden Terrace: s 5/9. Shipping. P. and O. S.N. (def. stock); b 22/-. Woollen Mills. Kaiapoi (ord.): a 7/-. Miscellaneous. Colonial Sugar Co.: s £39 10/-. D.I.C. (ord.): b 11/9; (pref.): b 20/3. Dominion Rubber Co.: s 6/-. , Milburn Lime and Cement: s 28/-. New Zealand Drug: b 46/-. New Zealand Paper Mills: s 19/-. _ Southland Guarantee Co., Ltd.: b 5/-. Debentures. Government Inscribed Stock, 41 per cent. 1938: b £9l. Government War Bonds, 44 per cent., 1938: b £92. Government War Bonds, 4J per cent.., 1939: b £92. Government Stock, 5J per cent., 1937: b £96 10/-; s £97 5/-. Late Sale Friday. King Solomon: 1/1. NORTHERN EXCHANGES. Auckland, March 20. Sales on ’Change: Colonial Sugar £36; New Zealand Refrigerating 10/6. Wellington, March 20. Sales reported: Goldsbrough Mort and Co. £1 1/- (late Friday). Sales on ’Change: Golden Dawn Mining 7/3. BRAY BROS., LTD. Messrs Bray Bros., Ltd., auctioneers, Spey street, report heavy arrivals of fruit and vegetables for week ending 19/3/32. Auction prices ruled as follows: —Apples, dessert Cox Orange Pippin, Ribstone Pippin, Mclntosh Red, Jonathan, Worcester Pearmain 4/6 to 8/- according to quality; cooking 4/- to 6/-; blackberries 4d to 5d lb; cucumbers, hothouse 2/6 to 5/-, outdoor 2/6 to 4/- box; grapes 6d to 1/3 lb; lemons 15/- to 20/-; melons (pie) to 24d lb, (water) 21d lb; mushrooms 4-Jd lb; oranges 21/-, 24/-; passion fruit 10/- box; peaches 3/- to 5/- box, and “crated” 'to 4d lb; pears 2/- to 3/6 box; pineapples (Queensland) to 22/6; plums 2/6 to 5/6 box; quinces 2d lb; tomatoes Id to 4d lb; cabbage 6d dozen; cauliflower 1/- to 2/-; carrots 6d to 1/- dozen; marrows 7/6 to 9/6 cwt; peas 2d lb; pumpkins Id to 14d lb; potatoes 4/6 to 6/6 cwt; walnuts (Akaroa) 6d lb; honey, white clover, 51b tins 3/6; cheese, matured 5d lb. Furniture. —Showroom upstairs, special reduction in prices for Easter. Panel bedsteads with mattresses complete from 54/-. Duchesses from 74/6; chairs 8/6; pianos—in good order —at prices ranging from £10; gramophone (H.M.V.) £6. Businesses For Sale.—Fruit, Confectionery. Soda Fountain in good position with living rooms attached. £lso—also others . available at from £llO upwards. Grocery business at valuation. Toilet rooms —completely equipped £395.

F. BOWDEN AND CO. Messrs F." Bowden and Company report stone fruit with the exception of Freestone peaches are about finished for the season, a few of the latter are comirfg to hand, and if in good condition are commanding high prices. Our market is bare of bananas, but a fresh shipnient is due during the week. Pears, apples and tomatoes are the chief fruits available. Grapes are in full supply. Ohtdust which has been off the market for some time is now available. Good stocks of wheat, oate, pollard, bran, sorrel and chaff is available. Cauliflowers are commanding good prices, but other vegetables are slow of sale. The week closed with prices ruling:— Tomatoes Id to 21d; blackberries 4Jd; grapes 1/- to 1/2 lb; peaches 1/6 to 6/-; pears 1/6 to 3/- box; oranges 40/- to 50/-, apples 4/- to 7/9; bananas 14/- to 34/6; lemons 20/- case. Vegetables, Produce, Etc.—Oatdust 5/6, wheat 14/- to 19/-, oate 10/- to 14/-, pollard 7/6, bran 7/-, sorrel 4/- bag, onions 11/-, potatoes ,5/- cwt, honey 3/6 and 6/6, cauliflowers 3/- to 4/-, cabbages lid to 1/-, cucumbers 2/6 to 4/-, lettuce 2/4 dozen, carrots Id, parsnips lid, green peas 24d, pumpkins lid to 2d lb, chaff £4 to £4 5/-, straw £3 10/- ton, Poultry.—Hens 8d to 1/-. Grit 1/-, 2/and 7/6 cwt. Pigs.—Weaners 9/6 to 14/-. We are cash buyers of bacon pigs at full market rates, rail paid to Invercargill. Dairy Cows: Four at £7, £6 5/-, £5 5/-, £4 15/-; heifers, two at £3 15/-; covers 11/6 to 18/6. Horses.—A good demand for horses suitable for general farm work, £23 15/-, £lO 10/-, hack £3; spring cart £2B; new horse collars 42/-; covers 25/- to 35/6. Timber and Posts.—A fair* demand for sawn timber and posts, which are selling at late rates, heavy stocks of all varieties are on hand. Meat. —-Beef, mutton and lamb continues to sell at low rates. Properties.—93 acre farm at Waimatuku for Mr C. Tucker to Mr Hayes, of Milton, together with the live stock and implements. General.—Set bins 10/-, washtubs 25/-, gentleman’s bike 35/-, lawnmower 24/-, second-hand tank 32/6, English hardware, roofing iron from 2/- sheet; No. 8 galvanized fencing wire 18/-, No. 9 19/-, No. 10 20/-; barb 25/-; rabbit netting 17/6; 3ft fowl netting 9/6, 6ft fowl netting 19/-; Cyclone and Sheep netting at lowest, market rates.. THE RIALTO. Messrs William Todd and Co,, Ltd., report the following sales for market day, Friday, March 18: — Pigs: Fair entry, steady demand. Small weaners 11/- to 13/-, weaners 14/- to 16/-, stores 29/-, boar £2, sows £2 7/6, £2 10/£2 17/6, £4. Poultry.—White Leghorn pullets 7/- to 8/-; small pullets 3/7 to 5/4; hens lOd to 1/7; roosters 1/5 to 2/-; cockerels 6d to 1/2; ducks 1/4 to 2/9; geese 2/2 to 3/-. Cows.—£6 10/-, £7 10/-.

Bacon Pigs.—We are cash buyers of bacon weights 1201 b to 1501 b at 4d per lb. Produce.—Table potatoes, heavy supplies £4 10/- to £5, onions 12/- cwt, chaff £4 to £4 10/-, hay £4 10/-, straw £3 10/-, oats 14/-, wheat 18/6 to 19/6, pollard 8/6, bran 7/6, Moa poultry food 7/6, Moose meal 16/-, Moose nuts 15/-, Meat meal 12/6, Liver meal 12/6, rock salt 8/-, coarse salt 8/-, molasses 11/6, crushed oats 9/6, crushed peas 21/-. Miscellaneous—English barb-wire 25/cwt, No. 8 galvanized 18/-, No. 9 19/-, fowl netting 10/-, sheep netting 16/-, rabbit netting 17/6, 6-foot netting 19/6, kauri washtubs £2 10/-, plunge baths £3 5/-, portable boiler £3 12/6, stakes 25/- 100, droppers 10/- to 13/-, timber, all sizes 12/to 14/- 100, totara posts £6 to £7 10/-, clean petrol drums 3/-, wheelbarrows 25/-, sashes 8/-, doors 14/-, honey, 101 b tins 6/-, 51b tins 3/6, binder twine 64d lb, Ceylon tea, 51b boxes 12/6, 401 b chests 2/3 lb. Grass Seeds. —White clover 8d lb, Timothy Sd, Cowgrass 1/-, Akaroa Cocksfoot lOd, Ryegrass 3/- to 5/- bushel, mixture Ryegrass-Clover and Cocksfoot. 3d lb. Our next, weekly market will be held on Wednesday, 23rd. DAIRY PRODUCE MARKET. The South Island Dairy Association, Limited, has received the following market report from the New Zealand Produce Association, Limited, London: — Butter: Active and Steady, 107/- to 109/-, unsalted 114/- to 118/-; Danish 118/- to 120/-. Cheese: Quiet. White 60/- to 61/-, coloured 61/- to 62/-. Messrs W. Weddel and Co., Ltd., cabling Messrs A. H. Turnbull and Co., Ltd., under date March 16, advise as follows: — Danish butter, 120/- per cwt; New Zealand finest grade butter, 107/- to 109/per cwt; Kangaroo 101/- to 104/- per cwt. Butter market quiet. New Zealand cheese white 60/- to 61/- per cwt; New Zealand cheese coloured, 61/- to 62/- per cwt. Cheese market quiet. The following cable has been received from Messrs A. S. Paterson and Company’s London principals, Messrs J. and J. Lonsdale and Co. (London), Ltd., dated 17th instant: —- Butter. —The Continental market is demoralized. The recent Danish quotation has stopped the demand. It is also difficult to obtain payment from Germany. Danish 116/-; New Zealand 108/- to 109/-; Australian 104/- to 105/-. Cheese: Market dull and lower. West Coast shipments in excess and has a bad effect. White 60/-, 61/-; coloured 61/-, 62/-. The National Mortgage and Agency Company of New Zealand, Limited, are in receipt of the following cable from their principals, Messrs A. J. Mills and Co., Ltd., London:— Butter.—Market slow. New Zealand finest 108/- to 109/-; New Zealand first grade 107/-; New Zealand unsalted 116/- to 118/-; Danish 116/-; Australian 103/- to 104/-.

Market unsettled owing to a sharp decline in Danish to 98/- and 100/- f.o.b. Anticipate improvement in the near future. Cheese: Market quiet. New Zealand white 60/- to 61/-; New Zealand coloured 61/- to 62/-.

LONDON WOOL SALES. The Department of Agriculture has received the following cablegram, dated March 17, from the High Commissioner for New Zealand, London:— Wool: Sales closed 16th instant. Competition was good and increased towards the close except for fine crossbred. Medium and coarse crossbred values showed a slight hardening. Compared with closing rates at the last series, Merino, par to 4d; halfbred and fine crossbred -Id to Id; medium and coarse crossbred, Id to id; and slipe id to Jd lower. Average closing values: —64’s super lOd to lid; average Sd to 9d; 56/58’s lOd to 1/-; 50/56’s 8d to 91d; 48/50’s 6Jd to 7d; 46'/48’s 6d to Old; 44/46’s 54d to 6d; 36/44’s 5d to 5Jd. A total of 92,500 bales were dold. Home trade taking 48,500 and the Continent 44,000. Eighty thousand five hundred bales were held over including 67,500 not offered. The next series commences on April 12. FROZEN MEAT QUOTATIONS. (Rec, p.m.) London, March 19. Frozen meat quotations:— New Zealand Sheep: Canterbury and North Island selected crossbred wethers and maiden ewes, 481 b to 561 b 4§d; 571 b to 641 b 4j|d; 651 b to 721 b 4|d; North Island, 4Slb to 561 b 4id; 571 b to 641 b 4Jd; 651 b to 721 b, 4d; do. ewes under 481 b 3-Jd; 481 b to 641 b 3Jd; 651 b to 721 b 2Jd. Australian Sheep: First quality crossbred and/or Merino wethers 401 b to 651 b 34d; second-quality 301 b to 551 b 3sd; ewes 301 b to 5.51 b, 31d. Argentine Sheep: First quality crossbred wethers 481 b to 641 b 4?d; 651 b to 721 b 3Jd. New Zealand Lambs: Canterbury 361 b and under, 7d; 371 b to 421 b 6Jd; 431 b to 501 b 6Jd; second quality average 301 b 6id; other South Island brands, none offering; selected North Island brands including Downs, 361 b and under, 7d; 371 b to 421 b, 6id; second quality average 301 b 6id. Australian Lambs: Victorian, first quality 361 b and under, 5Jd; 371 b to 421 b, sd; other States, first quality 361 b and under 51d; 371 b to 421 b 4Jd; Victorian, second quality 361 b and under, 4}d; other States, second quality 361 b and under, 5Jd; all States, third quality, s|d. Argentine Lambs: First quality 361 b and under, 6d; 371 b to 421 b, 5Jd; 431 b to 501 b s|d. Patagonian Lambs: First quality 361 b and under, 6 id. New Zealand Frozen Beef: Ox fores 1601 b to 2201 b 2Jd; hinds 1601 b to 2201 b 3Jd. Australian Frozen Beef: Ox crops under 1001 b 2Jd; over 1001 b 2Jd; ox hinds under 1601 b 34d; over 1601 b 31d. Argentine Chilled Beef: Ox fores 1601 b to 2201 b 3|d; ox hinds 1601 b to 2201 b, 6 id. New Zealand Pigs: First quality 601 b to 1101 b, average 901 b, 5 jd; 1111 b to 1201 b, 4fd. Australian Pigs: First quality 601 b to 1101 b, average 901 b 5Jd; 1111 b to 1201 b 4fd. PRICE OF GOLD. (Rec. 5.5 p.m.) London, March 19. Gold is quoted at £5 13/2 per oz. RAW MATERIALS. (Rec. 5.5 p.m.) London, March 19. Friday’s closing prices for raw materials Were: — Cotton: April shipment, 5.20 d. Rubber: Para, 3|d; Plantation smoked 23-16 d. Jute: March-April shipment, £l9. Copra: April-May shipment, South Sea, £l5 17/6; Plantation Rabaul £l6. Linseed Oil: £l5. • Turpentine: 58/3.