POTATO SHIPMENTS

Sun (Auckland), Volume I, Issue 218, 3 December 1927, Page 12

POTATO SHIPMENTS

LITTLE BUSINESS IN SOUTH (Special to THE SUN.) CHRISTCHURCH, To-day. The only business done in potatoes is of a hand-to-mouth character, and it is just about finished as far as shipping is concerned, though Southern inquiries in small lots is still being met. There is little local business recorded, and this will continue to be so until larger supplies of new tubers reach the market. These are increasing every day, so old potatoes will soon be finished. Prices quoted this week are from £6 os to £6 10s on trucks, and an isolated sale at £7 has been reported. On that basis b.o.b. s.i. value would be about £7 10s, though the absence of any shipping makes it difficult to establish f.o.b. value. For April and June delivery the current quote is still 9os a ton f.o.b. s.i. There is little business to report, both buyers and sellers being cautious.

SOUTHERN EXCHANGES YESTERDAY’S SALES Press Association. Wellington. —lnscribed Stock, 1938, il per cent., £96 17s 6d; 1939, 4i per cent., £96 17s 6d; 1933, 5i per cent., £lOl ss; Bank of Australasia, £l4 15s; Bank of New Zealand, 60s 3d; Christchurch Gas (new issue), 6s 6d; Wellington Woollen (ord.), £6 4s 6d. Christchurch.—Bank of New South Wales, £45 ss; New Zealand Insurance, 40s (two parcels); Commercial Bank of Australia, 29s 2d (two parcels); New Zealand Refrigerating (10s paid), 8s 9d, Ss *1; Staples’ Brewery, 38s; British Tobacco, 53s 6d; Electro. Zinc (pref.), 31s. lOd; New Zealand Breweries, 445; Colonial Sugar, £54 17s 6d; Waihi, 21s 9d (two parcels). Dunedin.—Upper Nevis, 275; Bank of New Zealand, 60s 3d (two parcels); Mount Lyell, 2Ss 6d (two parcels); D.I.C. (pref.), 20s 9d; English, Scottish, and Australian Bank, £7 13s; New Zealand Breweries, debentures, 23s 6d (two parcels); New Zealand Government Inscribed Stock, 5J per cent., 1933, £lOl 5s (two parcels); Taranaki Oil, 10s 4d; Waihi, 225.

BUTTER VALUES EASIER LONDON DAIRY MARKET

By Cable. —Press Asaoclarton.—Copyright LONDON, Thursday. Tho butter market is quiet and easier all round.

Danish is quoted at 191 s to 1925; choicest New Zealand, salted, 166 s to 168 s, exceptionally good lots bringing 170 s; Australian, 166 s to 168 s. Unsalted butter is in small supply ,at 10s to 12s premium.—A. and N.Z.Sun.

WAIHI GOLD COMPANY INCREASE IN CAPITAL The Waihi Goldmining Company has decided to increase its capital from £123,976 15s (issued) to £247,953 10s, by the capitalisation of the sum of £110,717 standing in premium-on-shares account and £13,259 15s credit balance from revenue account. This was decided at an extraordinary meeting of shareholders in London on December 1, according to advice received by the Auckland attorneys. The new shares will be issued in the proportion of one share for each share now held. A special circular will be issued later to shareholders who have expressed a desire to receive cash or debentures. The chairman, however, stated in his speech that in respect to the recent circular that there was a very large majority in favour of the new capitalisation, and if any who applied for cash or debentures would now prefer to take shares, the directors would be quite willing to meet them. A number of shareholders on the London register had so amended their applications. The confirmation meeting will be held on December 16.