COMMERCIAL

Southland Times, Issue 21772, 29 July 1932, Page 2

COMMERCIAL

FINANCE AND TRADE

LOCAL MARKETS. Times Office "' Friday Morning. Grain and Produce. Oats,—The shipping demand is not very keen, although it has been reported that some business has been done at other ports. Local merchants are asking 3/8 per’bushel for A grade and 3/4 for B’s, but-buyers are endeavouring "tSS g6t them for'. Id ito.ld per bushel dess. Store stocks are not large, and offerings from farmers have practically ceased. The price to farmers remains the same as last week, namely, 2/9 per bushel for A’s, 2/6 for B’s and 2/3 for good fair, average quality, all prices on trucks country stations. Wheat.—Most of the wheat seems to have been disposed of by farmers. Merchants’ stocks are small.; Any lines suitable for milling are saleable at the fixed prices of 5/10 per bushel for Tuscan, 6/- for Hunters and 6/2 for Velvet, f.o.b.s.i. Good whole fowl is worth 4/1 per bushel, on trucks country stations. Chaff.—There is no shipping demand and local requirements are limited. Good, bright, quality is netting the farmer £3 per ton, on trucks country stations. There is practically no demand for inferior lines. Ryegrass.—There has been some inquiry for shipment for Southland ryegrass during the past week, also for railing north, but buyers’ ideas are rather lower than those of merchants. Stocks in hand are in very small compass, the bulk of which will be required for the local retail trade.' Offerings from farmers have ceased. Prices are nominally from 3/3 to 4/- per bushel, according to weight and quality. Potatoes.—The shipping market has had a serious setback, and consequently offerings to farmers have been reduced, merchants showing no keenness to buy. Probably not more than £4 per ton would be given to-day for fair average table quality, on trucks country stations. CURRENT PRICES. Wholesale. Eggs, 1/2. Bacon, 9d. Pollard, £7 15/-. Butter, factory, 1/1; separator, 6d. Bran, £5 5/-. Flour, £l4 12/- to £l6 7/-, Oatmeal, £26 to £3O. Retail. Eggs, 1/5. Bacon, lOd. Pollard, 9/6 per 1001 b? Butter, factory 1/2. Bran, 7/- per 1001 b. Flour, 25’s 5/-; 50’s 9/6; 100's 18/6; 200’s 34/6. Oatmeal, 25’s 7/6; 50’s 14/6. Onions, 41b for 1/-. Distributors, Ltd. Distributors, Ltd., Invercargill, advise the following prices:— Bran.—lso’s and 200’s £5 per ton; 100’s £5 5/-. Pollard.—lso’s and 200’s £7 10/- per ton; 100’s £7 15/-. Wheat Meal.—2s’s £l5 7/- per ton. MARKET REPORT. The Waipiata with sugar and general cargo from Auckland arrived at Bluff yesterday. Weather conditions were favourable for discharging her cargo which will be completed early this .morning. Latest quotations to hand for new season’s Californian dried fruit show a sharp- decline against prices quoted for immediate shipment. Seedless and golden bleached raisins are being offered at very attractive prices and other varieties are attractive. New season’s Knadrawi and Sair dates are worth the attention of buyers at the prices on offer. This market is expected to firm considerably and already a small advance has taken place. Latest cables from Singapore advise a small setback in the sago and tapioca market. Pineapple has advanced in price and the market is firm. The desiccated cocoanut market is gradually weakening and prices quoted to-day show a decline of about 3/pcr cwt. against quotations of a month ago. THE STOCK MARKET. There were renresentative entries in most sections at Lorneville on Tuesday last, when values for both fat sheep and fat cattle eased slightly. The entry of fat sheep consisted of a few pens of good quality wethers and ewes, the remainder being made up of fair quality ewes. Although the yarding was smaller than that of the previous week, competition was not quite so keen, with a result that values for both ewes and wethers declined. Taken all over, the quality of the fat cattle forward was fairly good, there being some very nice prime quality bullocks and heifers offered. Competition here also was not quite so keen, with a result that prices eased somewhat. Dairy cows comprised the chief entry in the store cattle section, there being a fair demand for good sorts close at profit. The following is a range of prices ruling at Lorneville at the present time;— . . FAT CATTLE: Prime quality bullocks £6 15/- to £7 15/-; prime quality medium weights £5 10/- to £6 10/—; lighter sorts down to £4 5/-; prime heavy cows £5 10/- to £6 10/-; good quality medium weights £4 10/to £5 10/-; inferior sorts down to £2 10/-; prime quality heifers £4 10/to £5 10/-; medium weights £3 5/- to £4 5/-, with lighter weights down to £2 10/-. FAT SHEEP: Prime quality heavy wethers 15/- to 16/6; medium weights 12/6 to 14/6; lighter sorts 10/6 to 12/-; prime heavy ewes 8/- to 9/-; medium weights 6/6 to 7/6; lighter sorts 5/- to 6/-. Store Cattle: Medium dairy cows (factory calvers) £5 to £6 10/-; poorer sorts £3 10/- to £4 10/-; good dairy heifers £5 to £5 15/-; average sorts £3 10/- to £4 10/-; poor conditioned sorts down to £2 10/-. WYNDHAM STOCK SALE. Messrs Dalgety & Company Ltd. report: A small yarding of sheep and cattle came forward, the only quotable line being a line of rising two-year-old steers, which met with fair competition and realised £3 10/-. A few fat cows were sold at late rates, while store ewes were practically neglected. We sold: 60 ewes 5/1, 4 dairy heifers £3 10/-, 1 dairy cow £4 10/-, 1 do £1 17/6, 1 do £2 15/-, 1 fat cow £5 10/-, 2 do £3 10/-, 1 do £1 10/-, 32 steers £3 10/-, 1 do £3 15/-, 1 heifer £3, 2 store cows 15/-, 1 do 10/-, 3 calves 6/-, 2 pigs 37/-, 1 do 11/-, 2 do 12/-, 3 do 10/-. THE STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. At a call-over on the Invercargill Stock Exchange yesterday morning, the following prices were quoted:— Australasia: b £9 5/-. Commercial: b 13/8; s 14/-; E. S. and A. Bank: b 80/-; s 83/-.

National of New Zealand: b GB/-; s 69/6. New South Wales: b £26 10/-. New Zealand: b 46/3. New Zealand Long “D” issue: b 26/-. Union of Australia: s £7 2/6. Breweries. New Zealand Breweries: (shares) b 24/3; s 25/3; (stock) b 20/-. Coal. Westport Coal: b 12/-; s 12/6. Kaitangata: b 3/- dis; s 1/- dis. Insurance. National: b 12/4; s 12/9. New Zealand: b 39/6; s 40/3. Standard: b 40/9. Loan and Agency. Dalgety and Co.: b £7; s £7 7/6. Goldsbrough, Mort, and Co.: b 21/6. Wright, Stephenson and Co. (ord), b 10/6. Meat Companies. Gear Meat Co.: b 29/6. N.Z. Refrigerating (20/- paid): b 11/6; s 12/3; (10/- paid) b 4/4; s 4/9. Southland Frozen Meat (£1 ord.): b 35/-; (10/- ord.): b 17/6; (£1 pref.): b 35/-. Mining. Electrolytic Zinc (ord.): b 11/6; s 12/6; (pref.): b 20/-. Kildare: b 1/-; s 1/9. King Solomon: b 1/10; s 2/-. Mount Lyell: s 19/9. Okarito: b 8/9; s 8/11. Waihi Gold Mining: b 15/2; s 15/7. Waihi Grand Junction: b 2/9. Kawarau: b 3d; s 6d. Gillespies Beach: s par. Golden Sands: b 1/6; s 1/9. Waitahu: s Id dis. Shipping. P. and O. S. N. (def. stock): b 16/-. Woollen Mills. Kaiapoi (ord): b 4/9. Miscellaneous. British Tobacco (Aust.): b 27/9. D.I.C. (ord.): s 12/-; (pref.): s 20/-. Dominion Rubbe' Co.: b 3/-. Donaghy’s Rope and Twine: b 29/-. Milburn Lime and Cement: s 24/11. New Zealand Drug: b 53/6. N Z. Farmers’ Fertilizers: b 12/9. New Zealand Paper Mills: b 20/-; s 20/6. Otago Daily Times: s 39/-. Smith and Smith pref.: s 13/-. Wilson’s (N.Z.) Portland Cement: b 30/-; s 31/-. Debentures. Government Inscribed Stock, 41 1938: b £96. Government War Bonds, 4£ 1938: b £96. Government Inscribed Stock, 4J 1939: b £96. Government War Bonds, 44 1939: b £96. Government Bonds, 54 per cent, 1933: b £99 10/-. Government Stock, 51- per cent, 1933: b £99 10/-. Government Bonds, 51 per cent., 1937: • b £lOl 5/-. ■ Government Stock, 5 J per cent., 1937: b £lOl 5/-. NORTHERN EXCHANGES. Auckland, July 28. Sales on ’Change: Stock 1937 51 Sept £lBl 5/-; Bank of New Zealand 46/9, 46/10; New Zealand Insurance 40/3; Colonial Sugar £4l 17/6; Farmers’ Fertilizer 13/-; New Zealand Refrigerating (10/- paid) 4/5; Taranaki Oilfields 1/1. Wellington, July 28. Sales reported:—Mount Cargill Mining 17/11 (late Wednesday): 17/01. Christchurch, July 28. Sales on ’Change: Commercial Bank of Australia (cum. div.) 13/9; Bank of New Zealand 46/8 (2); Dalgety and Co. £7 5/- (3); New Zealand Refrig. (£1 paid) 12/- (2); New Zealand Refrig. (10/- paid) 4/5 (2); Westport—Stockton (pref.) 9d., 7d., (2); Colonial Sugar £4l/12/6; Golden Dawn 4/6; Golden Point 6jd. (4); Okarito 8/91; Waitahu ljd. (dis.). Sales reported:—New Zealand Government 5| per cent, bonds 1936 £lOl 2/6 (2); New Zealand Insurance (cum. div.) 40/-; Dalgety and Co. £7 5/-; Goldsbrough Mort. 21/9; Auckland Gas (cum. div.) 21/-; Colonial Sugar £4l 15/—; Bank of New South Wales £26 12/6; Bank of New Zealand 46/6, 46/9. Dunedin, July 28. Sales on ’Change: Gillespie’s Beach Jd dis. (2). Sales reported:—Union Bank of Australia £6 18/-; Dalgety and Company £7 5/-; Colonial Sugar £4l 15/-; Okarito 8/10; 41 per cent. Bonds 1938 £96. DAIRY PRODUCE MARKET. Tire South Island Dairy Association, Limited, has received the following market report from the N.Z. Produce Association, Limited, London: Butter: Dull, 105/- to 107/-; Danish, 117/-. Cheese: Weak and very inactive. White, 56/- to 57/-; Coloured, 54/- to 55/-.