Commercial CITY MARKETS

Southland Times, Issue 25747, 10 August 1945, Page 2

Commercial CITY MARKETS

INCREASING DEMAND FOR SEED WHEAT Excellent spring weather has been experienced in Southland during the week. The ground is drying up well and farmers have been able to work the soil. t Wheat—Farmers are responding to the call to grow more wheat and merchants are experiencing a good demand* for seed. Shipments of Canadian wheat are arriving periodically in the North Island and supplies are being released for fowl-feed purposes. South Island millers have been instructed to release under-grade lines to the poultry trade. t ■ . . , Oats—The market has been quieter lately and very few lines have changed hands. Grain out of condition is hard to quit. All seed markets have been fairly quiet without either local or overseas inquiries. Sales of high-germination ryegrass and certified Italian have been made. The market for browntop, cocksfoot and Chewings fescue is easier and the dogstail market is also inclined to weaken. . BIG SHIPMENT OF ORANGES The largest shipment of oranges received in Invercargill for several years arrived this week and it was hoped that supplies would be more than adequate. Unfortunately, delays in transport resulted in a serious deterioration and there will be a large percentage of waste. Supplies of oranges are only dribbling into retail hands as the greater part of the shipment has to be repacked in the marts. A consignment of Australian lemons, which arrived at the same time, was in first-class condition. The market is well supplied at present with grapefruit. No apples arrived on; the market last week, but an extra quantity is being released later this week. The principal variety offering is still Delicious. Small quantities of pears are still arriving weekly. , The vegetable market is still starved of supplies. There are plenty of swedes ana a few more carrots are becoming available. Parsnips are unprocurable and other types of vegetables are exceptionally scarce.

INVERCARGILL STOCK EXCHANGE Following are the prices quoted at the callover of the Invercargill Stock Exchange yesterday:— Government Debentures—4 p.c. Stock 19o2» b £lO3/15/-; 4 p.c. Stock 1952-55, b £105; 4 p.c. Stock 1954-58, b £lO6/10/-; War Loan 1953, b £95/10/-; 1953-56 December, b £99; 1953-56' May, b £9B/17/6; 1960-63, b £97; 1955-58, b £99/10/-. „ , Banks—E.S. and A. Bank, s 93/6; National of New Zealand, s 57/6: New Zealand, s 50/3; Union of Australia, s £B/10/-. Breweries—Ballins Brewery, b 17/9; Dunedin Brewery Co., b 28/6; New Zealand Breweries, b 46/6. Coal—Kaitangata, s 26/-; Westport Coal, t> 27/- s 27/9. Insurance —National, s 27/6; South British, b 88/-; Standard, b 85/-. Loan and Agency—National Mortgage, b 71/6; Perpetual Trustees, b 50/-; Trustees Executors (Dunedin), b 102/-; Wright, Stephenson (ord.), b 28/-; (pref.), b 25/6. , nc/o . Meat Companies—Gear Meat Co., b '26/9; N.Z. Refrigerating, 20/- paid, b 20/6; 10/paid, s 15/-; Southland Frozdn Meat, b 56/6; Waitaki, b £7/10/-. ■ e . Shipping—Union Steam Ship Co. (pref.), b 32/-. "woollen Mills—Bruce, s 37/6; Kaiapoi (cont.), b 10/-; Mosgiel, b £l4; Oamaru, b 29/o.' , A K Miscellaneous —British Tobacco (Aust.), o 48/6; Colonial Sugar Co., s £6l/5/-; G. J. Coles, b 70/-; D.I.C. (pref.), b 28/-; Dominion Fertilizer, b 26/6; Donaghy;s Rope ana Twine, b 68/-; Macdulfs Ltd., s 16/6; Milburn Lime and Cement, b 37/6; Otago Dally Times, b 52/6; Wilson’s (N.Z.) Cement, b 20/-, s 20/9; Woolworths Ltd., b 24/9; Wool worths (N.Z.), b 24/9; Woolworths Properties Ltd . b 29/-; Dominion Lime, s 12/-. • Mining—North Broken Hill, b 53/6; Mount Lvell, b 27/6; Mount Morgans, b 7/9, s 8/6. Sale reported—l9s3-56 3 p.c. December, £99/2/6. ®

NORTHERN EXCHANGES DUNEDIN—SaIes reported: Bank of New Zealand (late Wednesday) (300), £2/10/-;-Bank of New Zealand (300), £2/9/10; Bank of New Zealand '(400), £2/9/9; Government 3 p.c. Stock 1955-58 (£200), £99/12/6, Bomber Bond (£100), February 1947, £94 CHRISTCHURCH—2*/a p.c. War Loan 19a3 (£300), £96/5/-; Victory Loan 3 p.c. 1906-i>9 (£200), £9B/15/-; 3 p.c. Stock 1951-54 (£200), £99/2/6; Wool Bonds 1949 (£100), £l/0/4; do. 1948' (£230), £l/0/9; Bonds (£100), £l/1/-; Mount Morgan (ord.) (120), 7/11. Sales reported: 2’/c p.c. Stock 1946 (£300), £99/10/-; 2*/2 p.c. Stock 1947 .(£600), £99/15/-; 2'/ 2 p.c. Victory Loan 194950 (£750), £9B/15/-; 3 p.c. Stock (£200), £99/12/6; 3 p.c. Victory Loan 19»5-o8 (late Wednesday) (£600), £100; 3 p.c. Victory Loan 1955-58 (£7000), £99/17/6; 3’A P.C. Bonds 1956-59 (£1000), £101; Liberty Bonds (£100), £l/1/-; New Zealand Breweries (500), £2/7/3; Electrolytic Zinc (Pref-) (late Wednesday (300), £2/18/10% £2/19/-, £2 19/1%; Fletcher Holdings (300), £l/12/-. WELLINGTON—Late sales Wednesday. National Savings Bonds 1947 (& 200 )- £9 * 18/-; Woolworths Ltd. (200)., £l/5/1, do. (200), £l/5/1%; Fletcher Holdings (200), £1 12/-. Sales yesterday: 2% p.c. Stock 1947-49 (£210), £9B/7/6; National Bank of Australasia (£5 paid) (50), £6/10/-; Woolworths 1947-49 2% P.C. (£200), £9B/10/-; Stock 1951-581 3 p.c (£290) £99; Liberty 1952-55 3 p.c. (£2000), £99 17/6; Auckland Harbour Board 1954 4% p.c. (£500), £108; Bank of New South Wales (10), £25; Bank of New Zealand (300), £2 9/6; do. (400), £2/9/9 (3); do. (150), £2/9/11 {2}' North Auckland Farmers (200), 5/b, Auckland Gas Co. (200), 3/1; Devonport Ferry (300). £l/11/-; Northern Steam Co. (833), 3/6- National Timber (750), 8/6; New Zealand Breweries (100), £2/7/-; do. (200), £2/7/3; Entrican Sims (£1 pref.) < 100) > Colonial Sugar (6), £6l; ®^ tr ° 1^1 5 /1 Z (pretf.) (100), £2/18/9; do. (100), £2/18/10%, Farmers’ Trading (100), £ 1/8/-; Fietcher T-Trilriinss (400). £l/12/- (2); G. J. Coles (60), £3/11/6; N.Z. Drug (30), £5/6/-; Milne and Choyce deb. (400), £l/10/9; Wa l! J l ments (2200), 6/-; Mount Lyell (100), £l/8/ , Mt Morgan (100), 8/-.