COMMERCIAL

Southland Times, Issue 22216, 8 January 1934, Page 2

COMMERCIAL

BRAY BROS. Messrs Bray Bros Ltd., report auction sales as follows: Apples, Sturmer and Delicious 8/- to 11/-; apricots 3d to 4d lb; cherries 8d to 1/- lb; black currants 4d to 6d lb; gooseberries IJd to 2d lb; grapes 1/9 lb; lemons (N.Z.) 18/-; loganberries 7/6; peaches 2Jd to 4d lb; plums 2d to 3d lb; raspberries 7/6 to 8/6; strawberries 9d to 1/pottle; Tomatoes 4d to 8d lb; cabbage 1/- to 2/-; cucumbers 6/- to 9/6 doz.; lettuce 1/- doz.; green peas l£d to 2d lb; onions 23/- bag; potatoes (new) l]d to 2d lb; honey 101 b tins 4/6; 51b’tins 2/6. Furniture. Showroom upstairs. New Rimu furniture at wholesale rates, terms arranged. Inspection invited. THE RIALTO. Messrs William Todd and Co., Ltd., report the following sales for week ending January 5: — Pigs: Small entry, keen demand. Small weaners 11/- to 13/6, well-grown 14/6 to 17/3. Small store 15/- to £1 3/-. Store £1 6/6. Sow £3 10/-.

Poultry—Prices lower . Hens 1/3 io 1/8. Heavy breed 1/9 to 1/10. Ducks 2/- to 2/1. Turkey gobblers 12/- to 13/6; turkey hens 4/- to 5/9. W.L. pullets 4/- to 4/8; Black Orpington pullets 2/7. Hens and chicks 3/6 to 5/3. Jogger £10; gig £5; S.F. plough £ll 10/-.

Produce—New potatoes l£d to 2d lb; green peas 3d; cabbage 1/- to 2/6 doz.; cauliflower 1/- to 2/3 doz.; turnips 6d to 1/- per dozen bundles; carrots 1/per dozen bundles; beans Id lb; lettuce 6d to 1/- dozen; gooseberries lid to 2d lb; black currants 3£d to 7d lb; local raspberries 121 b buckets 10/-; chaff £3 5/- to £3 10/- ton; straw £2 15/.- ton; hay £3 10/- ton; oats 6/- to 8/- sheaf; wheat 12/6 to 13/6; crushed oats 7/6 sack; ryecorn 10/-; oat dust 3/- (quantities 2/6); pollard 8/6 100; bran 7/- 100; molasses 7/- tin; meat meal 11/- 100; poultry grit 6/- cwt.; linseed 22/- 100 (crushed). Miscellaneous—Barbed wire 27/6 cwt; No. 8 gal. wire 20/- cwt; No. 9 21/cwt; 3ft fowl netting 13/-; rabbit netting 20/-; 6ft fowl netting 23/-; tanks 47/6; Kauri wash tubs £2 15/-; concrete washtubs £2 15/-; portable boilers £4 5/-; baths £3 5/-; timber 12/to 14/- 100 ft; dressed 24/- to 26/- 100; stakes 25/- 100; military saddles £2 10/-; bridles 12/6; draught collars 35/— to 40/-; wheelbarrows 25/-; pickling casks 7/6; poison pollard 6/9 tin; tea 12/6 51b box. Grass Seeds—White Clover 1/- to 1/6; Alsite 1/-; Timothy 8d; Dogstail 7d to 8d; Cocksfoot 4d to 1/3; Cowgrass 5d to 1/-; Ryegrass 2/6 to 3/6 bushel; grass seed mixture 3d lb; chou moellier 1/9; turnip seed 1/9. DAIRY PRODUCE PRICES. The South Island Dairy Association report having received the following advice from the N.Z Producers’ Co-op. Marketing Association under date January 6, 1934:—Market weak, inactive. N.Z. butter 65/- to 67/-; Danish 95/to 96/-. Cheese quiet. N.Z. white 48/-; coloured 44/-. AUSTRALIAN DAIRY BOARD. MINIMUM PRICES FIXED. (Per United Press Association.) Wellington, January 6. The New Zealand Dairy Board has been . dvised by the Australian Board that it has fixed minimum prices at which Australia butter may be sold for forward shipment during the coming week t 7;] and 7j. BUTTER SHIPMENTS. CONTROVERSY WITH CANADIAN GOVERNMENT. (Per United Press Association.) Wellington, January 6. A difficulty has arisen over shipments of butter to Eastern Canada. Arrangements had been completed for sales of 10,000 boxes to Halifax leaving this month, but the Canadian Government is holding up the export on the ground, it is understood, that Canadian local supplies arc sufficient and there is no need to import. The matter is the subject of correspondence between the two Governments. EMPIRE SUGAR FEDERATION. LIQUIDATION AGREED TO. (United Press Assn.—Telegraph Co. /right.) London, January 5. The Sugar Federation of the British Empire has unanimously resolved to wind up and appoint a liquidator. In future anybody may be subject to negotiation with the British Empire Producers’ organization, but the original plan of amalgamation therewith will not necessarily be carried out. FROZEN MEAT. LONDON QUOTATIONS. (United Press Assn.—Telegraph Copyright.) (Rec. 6.30 p.m.) London, January 6. The following are the latest frozen meat quotations:— New Zealand sheep, Canterbury and North Island selected Crossbred wethers and maiden ewes, 481 b to 561 b, s:’d; 571 b to 641 b sd; 651 b to 721 b 4id. North Island ditto 481 b to 561 b, sjjd; 571 b to 641 b, 4 7-8 d: 651 b to 721 b, 4Jd. Ewes: 651 b to 721 b 3Jd. Australian sheep, first quality crossbred and/or merino wethers, 401 b to 651 b, 41d; ditto, second quality, 301 b to 551 b, 4J; ditto, ewes 301 b to 551 b, 4?|d. Argentine sheep, first quality, crossbred wethers, 481 b to 641 b, 45Jcl; ditto, 651 b to 721 b 4,]d. Patagonian sheep: None offering. New Zealand lambs, Canterbury: None offering. Selected North Island (including downs) 361 b and under: 7id; second quality average, about 321 b, Other North Island first quality, 361 b and under, 7 3-8 d; second quality average, about 321 b, 6 5-Bd.

Australian lambs, Victorian first quality, 361 b and under 6}d; 371 b to 421 b 6 3-Bd.

Other States, first quality, 361 b and under and 371 b to 421 b, 6 3-Bd. Victorian, second quality, 361 b and under, 5 5-Bd. Other States, second quality 361 b and under, 5 5-Bd.

Argentine lambs, second quality average, about 281 b, sfd. Argentine chilled beef, ox hinds, 1601 bto 2201 b, 6d. New Zealand pigs: first quality, 601 b to 801 b, 6 7-8 d; 811 b to 1001 b, 6d. Australian pigs: first quality 601 b to 1001 b, average about 801 b, 6Jd, others unchanged. COMPANY AFFAIRS. FLAX BONDHOLDERS. Representative meetings of bondholders in the Provincial Flax-growers and Millers’ Association, Ltd., and in the Flax-growers Pulp and Cellulose Products of New Zealand, Ltd., were held in Auckland recently, for the purpose of considering the advisability of converting their bonds into fullypaid shares in a new company, New Zealand Pulping Mills, Ltd., to be registered for the purpose of combining the interests of the bondholders of the two companies with the interests of the present bondholders in these two companies. After the trustee had explained the advantages to be gained by bondholders, which he declared to be substantial, an extraordinary resolution

giving effect to the proposals was put to each of the meetings of bondholders and carried. The trustee informed the meeting that, judging from large correspondence received, at least 95 per cent, of bondholders in the country were in favour of converting their bonds into share capital.

KING SOLOMON DEEP LEAD, LTD.

MINE MANAGER’S REPORT.

The mine manager of King Solomon Deep Lead, Ltd., reports as follows:— The development of the mine in the north section has progressed favourably, a fair body of payable wash being exposed. Cross-cutting to its extreme limits is now in progress. The wash is fairly tight in places and gold is freely seen. The bottom rock is soft where underlying the wash, but the greatest amount of wash is on a false bottom of quartz drift. The advancing faces in wash are now going to the dip, which is going to retard progress; but the ground to the dip may only be local, as there is a large belt of ground leading to these places of an easy grade. A vertical raise is to be put through to the surface in this section for ventilation, and will be started after the holidays. Driving to the dip at a point southwest of the northern belt of wash is now in progress, and is to be persevered with after the holidays. We expect to open up a body of wash. Blocking out ground is being carried on. GOVERNMENT SECURITIES. (United Press Assn—Telegraph Copyright.) London, January 4. The following are the latest quotations of Government securities compared with the prices ruling on Decem-

THE METAL MARKET. (United Press Assn—Telegraph Copyright.) (Rec. 6.30 p.m.) London, January 5. Metal quotations are as follows: —

FOREIGN EXCHANGES. (British Official Wireless).

RAW MATERIALS. (United Press Assn.—Telegraph Copyright.) (Rec. 6.30 p.m.) London, January 6. Friday’s closing prices for raw materials are as follows:— Cotton—Spot, 5.64 d a pound; Feb-

ruary delivery, 5.39 d. Rubber—Para 4.1 d a pound; plantation smoked 4 9-32 d. Jute—January-February shipments, £l6 2/6 a ton. Copra—South Sea, £8 a ton; plantation Rabaul £8 7/6. Linseed Oil—£l9 15/- a ton. Turpentine—44/6 a cwt. THE PRICE OF GOLD. (United Press Assn.—Telegraph Copyright.) London, January 6. The price of gold is quoted at £6 6/11 per ounce.

ber 28:— Last week. This week. £ s d £ s d Consols Funding Loan, 4 74 0 0 74 112 5 0 p.c., 1969-70 111 15 0 10 0 34 p.c. War Loan Conversion Loan, 101 2 6 101 12 6 3| p.c. Victory Bonds, 4 101 15 0 102 5 0 p.c. 110 10 0 111 10 0 Commonwealth, 5 p.c., 1945-75 Commonwealth, 6 108 0 0 108 5 0 p.c., 1931-41 Commonwealth, 31 100 1 3 100 101 1 3 p.c., 1936-37 Victoria, 3 p.c., 101 8 9 11 3 1929-49 91 0 0 91 0 0 Victoria, 3J p.c., 1929-40 Victoria, 5J p.c., 97 5 0 97 102 7 6 1930-40 102 0 0 0 0 Victoria, 5 p.c., 1932-42 Victoria, 4J p.c., 101 13 9 101 13 9 104 1940-60 New South Wales, 104 5 0 5 0 3 p.c., 1935 100 11 3 100 15 0 New South Wales, 3.1 p.c., 1930-50 Queensland, 5 p.c. 96 0 0 96 1 3 Stock, redeemable, 1940-60 107 2 6 107 7 6 Queensland, 3 p.c., 1922-47 91 7 6 91 5 0 New Zealand, 4J 107 p.c., 1948-58 New Zealand, 31 107 5 0 8 9 p.c., 1940 New Zealand, 3 100 10 0 100 15 0 p.c., 1945 New Zealand, 6 95 7 6 95 105 10 0 p.c., 1936-51 South Australia, 3J 107 15 0 10 0 p.c., 1939 South Australia, 3 100 0 0 99 15 0 p.c., 1916 or after 78 0 0 79 0 0 Tasmania, 31 p.c., 100 1920-40 Tasmania, 3 p.c., 100 0 0 16 3 1920-40 Western Australia, 97 0 0 97 101 12 6 3J p.c., 1920-35 Western Australia, 101 0 0 5 0 3 p.c., 1915-35 100 15 0 100 8 9

Copper, standard Jan. 4 Jan. 5 £ s d £ s d Spot 32 10 0 31 16 10£ Forward 32 6 3 32 0 7i Copper, ElectrolyticSnot 35 10 0 35 5 0 Forward 35 15 0 35 15 0 American 8.25 cents 8.25 cents. Wire Bars 35 15 0 35 15 u Lead — Spot 11 0 0 10 17 6 Forward 11 6 3 11 3 9 Spelter— Spot 14 8 9 14 8 9 Forward 14 16 3 14 16 3 TinSpot 224 18 9 226 3 9 Forward 225 8 9 226 8 9 Silver (pence)— Standard 19 1-8 19 1-8 Fine 20 5-8 20 5-8

(Rec. 5.5 p.m.) Rugby, January 5. Par. To-day Paris, fr. 124.21 82J New York, dol. 4.866 5.113 Montreal, dol. 4.866 5.103 Brussels, belga 35.00 23.48 Geneva, fr. 25.22 16.86 Amsterdam, fr. 12.10 8.11J Milan, lira 93.46 62 1-16 Berlin, r.m. 20.42 13.73 Stockholm, kr. 18.159 19.391 Copenhagen, kr. 18.159 22.40 Oslo, kr. 18.159 19.90 Vienna, sch. 34.585 291 Prague, kr. 20.02 1091 Helsingfors, mark 124.23 2261 Madrid, kr. 15.225 39B Lisbon, escu 4i 1091 Athens, dr. 570 580 Bucharest, lei 25.225 545 Belgrade, kr. 25.225 240 Warsaw, zlotys to £1 43.36 29.06 Rio de Janiero, mil. 4.898 4 8 Buenos Aires, dol. 45.57d 36 Montevideo, dol. 45.57d 35g Bombay, rupee 19 18 1-16 Shanghai, tael ■' ■ '■ '~* 16 1-16 Hong Kong 17 J Yokohama, p. to yen 24.57 14 15-32