commercial DUNEDIN MARKET REPORT

Southland Times, Issue 25796, 6 October 1945, Page 3

commercial DUNEDIN MARKET REPORT

Weather Delays Spring Sowings

(P.A.) DUNEDIN, October 5. Broken weather during the week has delayed the preparation of the ground for spring sowing of wheat and oats, and any further delay will mean that there will be no more sowings of wheat this year. Apart from a limited demand for seed oats, there is no inquiry and the market generally is lifeless. Undergrade lines are difficult to place. North Island merchants appear to have ample supplies of all varieties of oats, and in consequence there is not the shipping taking place. In sympathy with oats, the chaff market is dull and supplies are more than equal to immediate requirements. Sufficient supplies of potatoes are coming to hand fox - this market, but there is no surplus for shipment to the North Island.

The market for high-testing lines of cex-tified and uncex*tified ryegrass continues to be firm, and there is a ready outlet fox - all seeds of this description. The Montgomery red and broad red clover demand is also sustained at recent rates.

Little interest is being displayed at the moment in chewings fescue, crested dogstail, ox - browntop, but exports of all these lines have been considerable, and the quantities held in store are not large. Cocksfoot is neglected, and the quantity held is in excess of present requirements.

MOUNT MORGAN NET PROFIT

(P.A.) WELLINGTON, October 5. The estimated net profit for Mount Morgan for the four weeks ended September 23 from mining operations, including overhead expenses, excluding any provision for depreciation, but after allowing £7OOO as a contingency reserve, is £17,371. DREDGE RETURNS (P.A.I GREYMOUTH. October 5. Dredge returns for September were as follows: Kanieri—ll7B ounces, 497 hours, 221,000 yards. Arahura—lo34 ounces, 478 hours, 246,000 yards. WINTON STOCK SALE There was a small yarding at the Winton fortnightly stock sale. Ewe hoggets of good quality brought up to 45/7. and other lines from 36/6 to 43/8. Wether hoggets changed hands at from 26/6 to 29/1. Ewe lambs, all counted, brought 19/6, and fat ewes 37/6 and dairy cows £7 to £l4, STOCK EXCHANGES AUCKLAND.—SaIes: War Loan, 1/10/53 2>/ 2 p.c. (£650), £96/7/6; Victory Loan, 15/2/49-50 2'/ 2 p.c. (£260), £9B/5/-; do. (350), £9B/7/6; Stock, 1/8/51-54 3 p.c. (£31,300), £lOO/2/6; do. 15/4/46-49 4 p.c. (£775), £lO2 2/6; do. 15/6/52-55 4 p.c. (£1600). £106; Mt. Albert Borough 1/7/61 4'/ 2 p.c. (£300), £lll 10/-; Waitemata Power Board, 1/12/64 4‘/ 2 p.c. (£400), £ll3/10/-; Bank of N.Z. (100), 49/3; South British Insurance (75), 89/-; Taupiri Coal (200), 31/-; Auckland Gas (195), 7/8; Felt and Textiles (62), 60/-; Ballins Breweries (200), 18/3; Dominion Breweries (50), 54/6; do. (150), 55/- (2); N.Z. Breweries (250), 46/6 (3); Broken Hill Prop. (100), 46/-; Electro. Zinc (150), 58/6; Fletcher Holdings, ord. (200), 34/-; M. K. Manufactures (300), 8/7; Martha Mining (160), 9/6 (2); do. (180) 9/5; Waihi Investments (200), 7/-; Mt. Morgan (600), 9/2. Unofficial list: Selfridges (160), 13/-. WELLINGTON.—SaIes, late Thursday: Inscribed Stock, 3 p.c. 15/5/53-56 (£600), £100; N.Z. Breweries (100), 46/6; Hume Pipe (200), 22/9; McKenzies (100), 66/-; Broken Hill Pty. (100), 46/-; Broken Hill Pty, (100) 46/-; Sales, Friday: Stock, 2*/a p.c. 1/10/54 (£350), £96/7/6; Stock, 3 pc. 1/8/51-54 (£700), £lOO 5/-; Stock, 3 p.c. 1/8/51-54 (£600), £lOO/5/-; Stock 3 p.c. 15/5/52-56 (£250), £lOO/10/-; Macduffs (100), 16/6; Macduffs (200), 16/6; National Savings Bonds, 4/10/49 (£6O), £9B 10/10; Bank of New Zealand (50), 49/4Vz; Commercial Bank of Australia (100), 17/11; N.Z. Refrigerating, 10/- (273), 14/10. Unofficial list: Wellington Mortgages, 20/(200), 9/3. CHRISTCHURCH.—SaIes on ’Change: MacDuffs ord (600), 16/6. Sales Reported: Commercial Bank of Australia ord. (100), 17/11; National Insurance (200), 27/-; Ballins Breweries, 15/- paid (200). 18/2; Hume Pipe Aust. (200), 22/9; Mac Duffs ord. (200), 16/6; Mount Morgan ord. (500), 9/2; Felt and Textiles (62), (odd parcel), 60/-. DUNEDIN.—SaIes on ’Change: Bank of N.Z. (200), £2/9/4, Sales Reported: N.Z. Govt, 3 p.c. Stock, 1956-59 (£3500), £lOO 7/6; N.Z. Govt. 3 p.c. Stock, May 1953-56 (£2000), £lOO/10/-; Westport Coal (100), £l/7/9; Bruce Woollen (ord., 70), £l/17/9; Dominion Fertilizer (100), £l/6/9; MacDuffs Ltd. (ord., 300), 16/6; N.Z. Drug (37), £4/1/-; Mt. Morgan (100), 9/3; National Insurance (200), £l/7/-; Mac Duffs, Ltd. (100), 16/6.