COMMERCIAL

Southland Times, Issue 21855, 4 November 1932, Page 2

COMMERCIAL

' FINANCE AND TRADE

LOCAL MARKETS. * Times Office, Friday morning. Grain and Produce. Oats; —Business is inclined to be dull. There are no offerings from farmers, and the shipping demand at present is not keen. Most of the oats which remain in store are undergrades and occasional lines of these are being shipped to the North Island. Prices to farmers are nominally. 2/8 per bushel for A grade, 2/6 for B grade and 2/3 for good undergrades. Wheat.—Business is practically confined to the supply of wheat for local fowl feed requirements. There are no offerings from fanners. Any milling lines are readily saleable at the fixed f.q.b. prices while good whole fowl wheat lines are worth 2/1 per bushel, on trucks, country stations. Chaff.—There is no shipping demand and offerings from farmers are more than sufficient to satisfy the limited local demand. Values to farmers for good bright quality are £3 per ton, on truck, country stations. This is the only quality in demand. Ryegrass.—Stocks are exceedingly light and practically all of them will be required to satisfy the local seed demand. It is reported that sales of heavy-weight dressed seed of good germination have been made for shipment at up to 5/10 per bushel, f.o.b. There are no offerings from farmers. Potatoes. —As it is now getting rather late for shipping merchants are not evincing much interest in the potato market. Probably from now on business will be limited to satisfying the local demand. There are still a number of lines offering from the country but for these merchants do not feel disposed to offer more than £4 per ton, on trucks country stations. Fruit and Vegetables. Fruit of all kinds is at present rather scarce. Apples are now finished and there are only a few lines coming to hand with very little of first quality included. Oranges are almost exhausted and a further supply of navels and Valencias ex the Wainui, on Tuesday next, is being eagerly awaited. Bananas, both Samoan and Niue, arrived during the week and met with a keen demand, prices being much better than usual. There tire still a few New Zealand lemons making their appearance on the market. These are of good average condition and prices are slightly lower than those obtained for the last consignments. Australian lemons are still on the market. Tomatoes are more plentiful and prices are lower than last week. The supply next week, however, will be smaller on account of New Zealand Cup Week at Christchurch. With regard to. stone and jam fruits there is every indication of an early season being experienced and, provided there are no late frosts, it should prove a successful one for growers. Vegetables are coming on to the market in much smaller quantities than before and consequently prices are fairly high. Cauliflowers and rhubarb particularly are scarce, but there are now more lettuce'about. The first consignment of green peas from Nelson is expected to reach Invercargill on Tuesday next. Current prices realized at auction during the week are approximately as follows: Apples, Delicious 10/- to 14/-, Sturmers 7/6 to 12/-, according to quality, coloured dessert 10/- to 12/6, Wolseleys 8/- to 9/6, cookers 7/-; oranges 15/- to 20/-; bananas 19/6 to 27/6; lemons 14/- to 17/-; pears 5/- to 5/6;

cauliflowers 8/- to 12/- per dozen; lettuce 2/- to 3/6; spring onions 1/6 per dozen bunches; radishes 1/-; leeks 1/- to 2/-; per dozen bundles; cabbage 2/- to 3/- per dozen; asparagus 5/- to 6/- per dozen; cucumbers, hothouse 7/6 to 10/-; tomatoes, firsts 1/3 to 1/6, others 1/—; rhubarb IJd per lb. CURRENT PRICES. Wholesale. Eggs, 9d. Bacon, 10|d. Bran, £5 15/-. Butter, factory, 1/1; separator, Bd. Flour, £l4 12/- to £l6 7/-. Oatmeal, £26 to £3O. Retail. Eggs, Hd. Bacon, 1/-. Pollard, 9/6 per 1001 b. Butter, factory 1/3. 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, 6d lb. Distributors, Ltd. ’ Distributors, Ltd., _ Invercargill, advise the following prices:— Bran.—lso’c and 200’s £5 10/- per ton; 100’s £5 15/-. Pollard. —150’s and 200’s £7 per ton; 100’s £7 5/-. Wheat Meal—2s’s £l5 7/- per ton. THE STOCK MARKET. There were larger entries in both the fat sheep and fat cattle sections at Lorneville on Tuesday last, when values for fat sheep again showed a falling tendency. The quality of the fat sheep, taken all over, was fairly good, and prices at the commencement of the sale were on a par with those ruling last week, but, as the sale progressed, prices eased, and towards the finish passings were very frequent. There was a large yarding of good quality fat lambs forward and at the commencement of the sale it appeared as though prices would be very low, but the demand was quite good right throughout, with the result that satisfactory sales were made. The quality of the fat cattle was also fairly good, consisting chiefly of good prime bullocks and heifers. Owing to one, or two outside buyers operating, prices remained firm at last week’s rates. Very little interest was taken in the store cattle section with the result that only a few lots changed hands. Good dairy cows are still in demand, and satisfactory sales were made for these. The entry of store sheep comprised two pens of ewes and lambs of fair quality, these being disposed of at 4/and 4/11, all counted. The following is a range of prices ruling at Lorneville at the present time. Fat Cattle.—Extra prime bullocks £8 10/- to £9 10/-; good quality medium weights £6 10/- to £8; lighter sorts £4 10/- to £5 10/-; good heifers £5 to £6 17/6; prime quality £3 5/- to £4 15/-; good quality cows £4 10/- to £5 10/-; medium weights £3 to £4 5/-; poorer sorts down to £2. Fat sheep.—Extra prime heavy woolly wethers. 14/- to 16/-, medium weights 11/6 to 13/-; lighter sorts down to 9/-; prime heavy woolly ewes 7/6 to 8/6; lighter sorts 5/- to 6/6; prime heavy shorn wethers 11/6 to 12/9; good quality medium weights 9/- to 10/6; lighter sorts 7/6 to 8/6; prime heavy shorn ewes 6/6 to 7/6; medium weights 5/to 6/-; extra heavy outstanding butchers’ lambs 17/- to 24/-; good prime lambs 13/6 to 15/-, with lighter sorts 9/- to 11/6. Store Cattle.—Good yearling heifers 27/6 to 35/-; yearling steers 25/- to 30/-; medium 2 and 3-year-old bullocks £2 to £3; small mixed yearling steers 15/- to 20/-; good dairy heifers £3 10/- to £5 10/-; good dairy cows £5 5/- to £7 5/-; poorer sorts £2 10/to £4 10/-.

STOCK EXCHANGE. YESTERDAY’S QUOTATIONS At yesterday’s call-over on the Invercargill Stock Exchange the following prices were quoted:— Banks. Commercial: b 14/6; s 14/10. National of Australasia (cont.): s £5 13/-. National of New Zealand: s 81/-. New South Wales:' b £2B 10/-. New Zealand: b 44/10; s 45/9. Union of Australia: b £7 13/-; s £7 18/-.

Breweries. Dunedin Brewery Co.: b 21/3. New Zealand Breweries (shares): b 26/-. Coal. Westport Coal: b 12/9. Kaitangata: par. Insurance. New Zealand: b 43/6. Standard: b 48/-. Loan and Agency. Goldsbrough, Mort and Co.: s 24/-. National Mortgage: b 36/-; s 40/-. New Zealand Refrigerating (10/paid): b 2/6; s 2/9. Mining. Electrolytic Zinc (ord.): b 15/-; s 16/3. Gillespie’s Beach: b 2d prem. Golden Sands: s 1/10. Kildare: b 1/8; s 1/10. King Solomon: b 1/10; s 2/-. Mount Lyell: b 20/-; s 20/3. Mahakipawa: s sd. Okarito: b 8/-; s 8/4. Paddy’s Point: b 5/1; s 5/4. Waihi Gold Mining: b 17/6. Waihi Grand Junction: b 3/2; s 3/6. Nokomai: b 5/5; s 5/9. Huddart-Parker: b 18/-. Kaiapoi (pref.): b 6/-. Mosgiel: b £6 16/-. Miscellaneous. Australian Glass: b 40/6; s 41/6. D.I.C. (pref.): s 19/6. Donaghy’s Rope and Twine: b 30/-. Milbum Lime and Cement: b 26/9. New Zealand Drug: b 59/6; s 61/6. Wilson’s (N.Z.) Portland Cement: b 30/9; s 31/9. Woolworths (pref.): b 26/-. Debentures. 4J per cent, Inscribed (1938): b £97. 41 per cent. Bonds (1938): b £97. 41 per cent. Inscribed (1939): b_£9s. 4 J per cent. Bonds (1939): b £95. 5i per cent. Inscribed (1936): b £99 15/-. 5| per cent. Inscribed (Feb.) (1937): b £99 10/-. 51 per cent Bonds (Feb.) (1937): b "£lOO. 5J per cent. Inscribed (Sept.), (1937): s £lOO 7/6. 5i per cent. Bonds (Sept.), 1937: b £lOO. NORTHERN EXCHANGES. (Per United Press Association.) Auckland, November 3. Sales on ’Change: Stock (1937) 5J per cent. (February) £lOO 5/-; Bank of New Zealand 48/8; Auckland Gas 21/6; N.Z. Refrigerating (10/paid) 3/-; Okarito 8/2; Waihi Grand Junction 3/6; Mt. Lyell 20/4. Wellington, November 3. Sales on 'Change: Government Bonds 5} per cent. (1933) £9B 10/-; Inscribed Stock 5£- per cent. (Feb. 1937) £lOO 5/-; 5J per cent. (Sept. 1937) £lOO 5/-; Auckland Gas £1 1/6; National Inscribed 14/-; N.Z. Breweries £1 6/11; N.Z. Paper Mills £1 1/6; Okarito 8/-; Waihi (ex div.) 18/-. Christchurch, November 3. Sales on ’Change: 4J per cent. Inscribed (1939) £95 10/-; Commercial Bank of Australia 14/6; Union Bank £7 13/-; N.Z. Refrigerating (10/- paid) 3/- (2); Westport Stockton Coal (ord.) 6d (2); N.Z. Breweries 27/-; Staples Brewery 23/4; Mt. Lyell 20/3 (2), 20/2 (3); Golden Point 5d (3); Nokomai 5/6, 5/6j; Okarito 8/-. Sales Reported: 4J per cent. Inscribed (1939) £95 10/-; National Insurance 14/6; National Bank of Australasia (£5 paid) £5 10/-; N.Z. Refrigerating (10/paid) 3/-; E.S. and A. Bank £4 10/-. Dunedin, November 3. Sale on ’Change: Golden Point sd. Sale reported: 4J per cent. Inscribed (1939) £95 10/-.

EASTERN DISTRICT FAT STOCK. BURNSIDE STOCK MARKET. Eastern District vendors of district fat stock at the Bumside market on Wednesday secured the following prices:— Cattle: Thomas Soper (Pukerau), bullocks £7 7/6 and £7 2/6. A. T. Ottrey (Heriot), bullocks £9 12/6, £7 17/6, £6 2/6, cow £2 2/6. Aitchison Bros. (Heriot), bullocks £9 7/6, £8 17/6 and £8 2/6. C. M. Aitchison (Heriot), bullock £6 2/6. G. S. Hay (Brydone), bullocks £6 17/6, £6 2/6, £5 17/6, and £5 12/6. C. S. McPherson (’Koi), bullocks £lO 7/6, £9 2/6 and £8 17/6, heifers £8 7/6, cow £6 17/6. Holms Bros. (Wiamahaka), bullocks £7 17/6, £7 12/6 and £6 17/6, heifer £5 7/6 and cow £3 12/6. W. McKee and Sons (Waikaia), bullocks £ll 2/6, £9 2/6 and £7 12/6. W. Wilkins (Mataura), bullocks £4 7/6, heifers £5 17/6, £4 2/6, £3 17/6, and cows £2 17/6 and £2 12/6. Perkins Bros. (Mataura), bullocks £9 7/6, £7 7/6, £6 17/6, cows £2 17/6, £4 12/6 and £4 17/6, heifer £6 12/6. A. Dynes (Kelso), bullock £6 12/6, and heifers £6 2/6, £5 12/6, cows £5 12/6 and £5 7/6. H. McCall (Kelso), bullock £5. Sheep: G. K. Pullar (Pukerau), ewes 9/9, 9/3 and 8/9. D. Falconer (Maitland), wethers 9/9, 9/6 and 9/3, ewes 5/3. W. Haugh (Crookston), wethers 13/-. G. Scott (Pukerau), wethers 12/-, ewes 10/9, 9/3 and 8/-. J. W. Cooper (Merino Downs), wethers 11/9, ewes 9/3 and 8/6. J. Pullar (Crookston), wethers 11/6. W. A. Baxter (Heriot), ewes 9/6 and 8/3. A. S. Holms (Waimahaka), ewes 8/6. T. L. McDonald (Pomahaka), wethers 15/-, 13/3, 12/9, 12/6 and 11/9. Fleming Bros. (Crookston), wethers 14/-, 13/3 and 12/9. Dr. Dunlop (Crookston), wethers 14/3, 12/9 and 11/3, ewes 9/3 and 8/9. W. Waugh (Crookston), ewes 10/9. D. Robertson (’Koi), wethers 15/3, 14/9, 14/6, 14/- and 13/-. K. Rodger (Tapanui), wethers 13/6, 13/3, 12/9, 12/3 and 9/6. R. T. Edwards (Pukerau), wethers 14/3, 13/3 and 12/9. John McCall (’Koi) ewes 10/-, 8/3 and 6/9. A. B. Dickson (Pomahaka), ewes 8/-. D. D. Edgar (Tapanui), wethers 13/9 and 10/-, ewes 7/9. Dr. J. P. Dunlop (Heriot), wethers 14/-, 13/3 and 12/3, ewes 9/-, 8/9 and 8/3. J. C. Dickson (Gore), ewes 9/6, 9/-, 8/9 and 7/9. A. Noble (Gore), ewes 9/-, 8/6, 8/-, 7/6 and 7/-. Perkins Bros. (Mataura), wethers 14/6, 13/9 and 12/9. J. Robertson (’Koi), wethers 13/3, 13/-, 11/9, 12/- and 11/6. J. Turnbull (Waikaka), wethers 13/3, 12/3 and 12/-. D. McCall (’Koi) wethers 11/-. J. G. Pullar (Crookston), wethers 11/6, 11/3 and 12/3, ewes 8/6 and 7/9. A. Stewart (Kelso), ewes 8/- and 7/9. G. Crawford (Pukerau), wethers 13/- and 12/3.

SYDNEY STOCK EXCHANGE. FURTHER RISE IN CONSOLS. (Rec. 8.40 p.m.) Sydney, November 3. A further substantial rise in Australian stocks was a feature of the Stock Exchange operations to-day. Sales:—

SYDNEY WOOL SALES. A FIRM MARKET. (Rec. 9.15 p.m.) Sydney, November 3. At the wool sales 10,391 bales were offered and 9148 sold, also 873 which vzere disposed of privately. There was geen general competition and the market ruled firm and quite equal to the previous days of the week. Greasy Merino sold to 16Jd. The average price of the wool sold in Sydney to the end of October was £ll 6/2 per bale and 9.1 d per pound. SYDNEY PRODUCE MARKET. (Rec. 9.15 p.m.) Sydney, November 3. Wheat.—New seasons bagged 3/-; bulk 2/11J ex trucks Sydney. Flour.—£lo. Bran and pollard.—£s 10/-. Potatoes. —New £5 to £7. Onions.—Local and Victorian £32. Maize.—Yellow 5/10; white 5/4. ’ ADELAIDE QUOTATIONS. Adelaide, November 3. Wheat.—Growers’ lots 2/10). Flour.—Bakers’ lots £8 5/-. Bran. —£5 5/-. Pollard. —£5 15/-. Oats.—l/8 to 1/9. DAIRY PRODUCE PRICES. The South Island Dairy Association, Limited, report having received the following market report from the New Zealand Produce Association, Limited, London:—Butter: Quiet. Finest 102/to 104/-; firsts 96/-; Danish 120/-. Cheese: Quiet. W’hite 66/-, coloured 60/- to 61/-. NEW ZEALAND AND AUSTRALIAN LAND COMPANY. London, November 2. The New Zealand and Australian Land Company has declared no dividend on ordinary shares. SHARE QUOTATIONS. London, November 2. Shares.—Mount Lyell, 17/81; New Guinea, 5/4). Debentures.—Dalgety and Company shares, £8; four per cent. Debenture Stock, £BB 10/-; Goldsbrough Mort, five per cent. B Debenture Stock, £76 5/-.

PRICE OF GOLD. London, November 2. Gold is quoted at £6 4/3 per ounce.

£ s d Commonwealth Bonds (4 per cents.) — 1938 103 0 0 1941 103 3 9 1944 102 3 9 1947 102 3 9 1950 102 12 6 1953 102 5 0 1955 103 2 6 1957 103 12 6 1961 102 10 0 Goldsbrough Mort. 1 6 71 Winchcombe Carson 1 4 0 Morris Hedstrom 18 9 Australian Gas (a) 6 18 0 Dunlop Perdriau 17 10 Colonial Sugar 56 0 0 Tooth’s Brewery1 15 3 Broken Hill Pty. 1 7 3 MELBOURNE SALES. s d Amalgamated Zinc 9 10 British Tobacco 1 15 0 Broken Hill Pty. 1 7 6 Herald and Weekly Times 2 16 0 Mount Lyell 1 3 11 Taranaki Oil 3 0