COMMERCIAL

Southland Times, Issue 24685, 5 March 1942, Page 7

COMMERCIAL

LITTLE BUSINESS YESTERDAY Invercargill Stock Exchange With the exception of Government loans the market was depressed on the Invercargill Stock Exchange yesterday. Quotations were as follows:— Government Debentures. —4 p.c. Stock 1943-46, b £lOO/10/-; 4 p.c. Stock 1946-49, b £lO3/10/-; 4 p.c. Stock 1952, b £lO5/15/-; 4 p.c. Stock 1952-55, b £lO5/15/-; 4 p.c. Stock 1954-58, b £106; 3>/ 2 p.c. Stock 195357, b £102; 3>/ 4 p.c. Stock 1956-59, b £100; 31/4 p.c. Stock 1957-60, b £lOl/5/-; War Loan 1953, b £B7/2/6; 2’,4 p.c. War Loan 1946, b £96; 3 p.c. War Loan 1951-54, b £97/5/-. . , Banks.—Australasia, s £B/12/6; National of New Zealand, s £l/18/6; New Zealand, b £l/16/6; New Zealand Long “D” Issue, s £l/10/6. Breweries.—Dunedin Brewery Company, s £1; New Zealand Breweries, s £l/13/9. Coal.—Kai tangata. s £l/13/-; Westport Coal, s £l/4/6; Westport Stockton (ord.), b 2/5. Insurance.—National, s 18/9; South British, s £2/13/-; Standard, s £2/19/6. Loan and Agency.—National Mortgage, s £2; Perpetual Trustees, b £2/10/-; Trustees’ Executors (Dunedin), b £4/4/-. Meat Companies.—New Zealand Refrigerating (10/- paid), s 8/-; Southland Frozen Meat, s £l/14/-; South Otago Freezing Company, b £5/2/6. Woollen Mills.—Bruce (pref.), b £1; Kaiapoi (cont.), b 6/4. Miscellaneous.—D.l.C. (ord.), b 14/6; Dominion Fertilizer, s £l/2/9; Donaghy's Rope and Twine (new), s £2/9/-; McDuffs Ltd., s 9/-; McLeod Bros’ Soap, b £25/10/-; New Zealand Guarantee Corporation, s 3/-; New Zealand Paper Mills, s £l/13/6; Wilson’s (N.Z.) Cement, s 18/-. Mining.—Mount Lyell, s £l/3/6. DUNEDIN Sale Reported.—Woolworths (Sydney) 12/-. CHRISTCHURCH Sales Reported.—Bank of New South Wales £25; New Zealand Breweries £1 12/9, £l/12/6; Beath and Company 19/9; Colonial Sugar £37; Dominion Fertilizer £l/2/6; Woolworths (N.Z.) 12/3. Sales.—Bank of New South Wales £25; Union £6; New Zealand Insurance £3, £2 19/9; South British £2/10/-; Auckland Gas 5/6; Northern Steam 3/6 (odd lot); Australian Consolidated Industries £l/18/3; Colonial Sugar £36; Farmers’ Trading 19/5; New Zealand Newspapers £l/12/-; New Zealand Refrigerating 18/414; Woolworths (Sydney) 11/9 (2); War Loan 1951-54 3 p.c. £9B/10/-; Auckland Gas (perpetual stock) £B4. WELLINGTON Sales (late Tuesday).—3 p.c. Stock 195154 £9B/10/-; Wednesday, 3 p.c. Stock 195154 £9B/10/-. CITY TRADING EFFECT OF RAIN AND HAIL ON CROPS OATS.— This week’s rain and hail have played havoc with the growing crop. The Department of Agriculture has not lifted the price order of last year, but this embargo is expected to be removed in the near future. RYEGRASS.— The quality of the seed harvested to date is very unsatisfactory. Farmers are advised to get a germination test of their crops before going to the expense of threshing the seed because it is evident that a number of lines will have no commercial value. DOGSTAIL.— The frosts in January and the cold winds have left their marks on this seed. Rubbed out samples submitted suggest that there will be very little export quality seed and germination will be affected. WHITE’ CLOVER This market is very firm and lines of high purity will be sought after. CHEWINGS FESCUE.— Several lines have been sold on a basis of 7 lid machine dressed to the grower subject to 90 per cent, germination with payment at the time of shipment. FRUIT AND VEGETABLES Outside-grown tomatoes have been selling at low prices with small quantities of hothouse varieties maintaining higher rates. Smaller quantities of stone fruit have been coming forward this week. Apricots are practically finished for the season. Freestone peaches are not yet plentiful, but ' plums are in fairly good supply. Apples have been in short supply. A small quantity of Cox’s Orange made its appearance yesterday. Fair supplies of Bon Chretien pears have come forward this week and the peak of the season has now been reached. A small shipment of Australian oranges arrived on Monday and' was followed on Tuesday by a shipment of Samoan bananas. Both of these had to be rationed among the retailers. Wholesale prices are as follows:—Peaches, from 3/6 to 5/- a box; apricots, 3/6 to 6/6 a box; plums. 3/- to 7/6 a box; nectarines. 2/- to 5/- a box; tomatoes, hothouse, from 6d to 8d per lb; outside grown, 2’/ 2 d to 4d. SEPARATOR BUTTER AND EGGS Eggs (ungraded) were quoted yesterday by the Master Grocers' Association at 1/912 and 1/1014 a dozen wholesale and 2/- and 2/1 retail. Separator butter was quoted at from lOd to 1/- wholesale and from 1/- to 1/2 retail, according to quality. The prices of eggs and separator butter are subject to constant variation. The prices quoted were those ruling yesterday. ADDINGTON MARKET

(P A.) CHRISTCHURCH, March 4. Store sheep were yarded in large numbers at Addington today and values at ewe fair rates were pretty well maintained. Store lambs also sold well. Prices for both fat cattle and fat sheep were improved. The best store lambs made from 20/- to 23/3, rape lambs 17/- to 19/-, medium 13/to 16/9 and inferior to 12/6. , The best two-tooth halfbred store sheep made from 28/- to 34/-, others from 24/to 26/6, and backward and small from 18/to 22/6. The best Romneys brought from 38/- to 41/-, others from 35/- to 38/-, and a few pens down to 30/-. Exporters bought fat lambs at up to B%d per lb for firsts. Heavy made up to 30/- a head, a few pens from 32/- to 35/-, medium from 26/6 to 28/6 and others from 23/- to 26/-.

Fat wethers were up to a shilling a head better than a week ago and light wethers and ewes by 1/6. Extra prime wethers made to 32/10. medium to prime 25/6 to 31/-, light and ordinary to 25/-, extra prime ewes to 24/4, prime 17/- to 19/6, ordinary 15/- to 16/6 and export 12/6 to 14/3.

There was a rise in values for prime sorts of fat steers of up to 15/- a head. Good heifers also sold at improved prices, but all medium classes of cattle and cows were from par to a shade easier. Best quality beef made 42/- to 42/6 per 1001 b, a few pens to 43/6, extra good prime steers made to £2O/17/6, medium to heavy £l4 to £l7/17/6, light and ordinary £lO/10/- to £l3/10/-, prime heifers £ll to £l5/5/-, medium £7/15/- to £lO, light to £7/5/-, best cows to £ll/5/- to £l3/10/-, medium £6 to £B/5/-. EASING IN PRICES AT BURNSIDE (P-A.) DUNEDIN, March 4. There were heavy entries in most of the sections at the Bumside sale with the result that practically all classes showed an easing in prices. Fat lambs, which were the exception, met with a good sale throughout, but in some cases were barely up to schedule prices. The sale for prime and heavier grades of fat cattle opened at 15/- a head below last week’s parity. Prime light sorts, however, did not show the same drop. Prime heavy bullocks sold to £lB/2/6, prime £l5 to £l6/7/6, medium £l2 to £l3/17/6, light £9 to £lO/2/6, extra prime cows and heifers to £ll/2/6, prime £6/17/6 to £B/2/6. medium £5/2/6 to £6, light and inferior from £3/10/-.

The fat sheep sale opened under poor competition at prices 2/- below last week’s parity. Prime heavy wethers sold from 28/6 to 30/-, prime 25/6 to 27/-, medium 22/- to 23/9, light from 19/-, prime young ewes to 16/6, prime 11/- to 13/-, medium 10/- to 11/-, light from 9/-. .The sale of fat Jambs was a good, one

throughout, but in some places schedule rates were barely maintained. Prime heavy made from 27/6 to 29/-, prime 25/- to 26/3, medium 23/- to 24/-, light 20/- to 21/-. In the store cattle section good three-year-old bullocks sold to £lO/5/-, two and two and a half-year-old from £7/12/6 to £B/5/-, yearling to 18-months-old £4/15/to £6/15/-, best vealers made up to £6/17/-, and medium from £2/12/6 to £3/6/-. For dairy cows the best sorts realized up to £9.