WHEAT PRICES TUMBLE

Sun (Auckland), Volume III, Issue 688, 13 June 1929, Page 10

WHEAT PRICES TUMBLE

CHICAGO NERVOUS ABOUT FARM RELIE* SENATE ATTITUDE TO BILL ('Australian and X.Z. Press Association) Reed. 9.5 a.m. CHICAGO, Wednesday. The Senate’s failure to accept the Farm Relief Bill passed by the House of Representatives removed the main prop from the wheat market and sent prices tumbling at the opening; but reports that the advocates of the debenture clause would work for its inclusion in the Tariff Bill and permit the farm legislation to go through unhindered restored more confidence. Later, nevertheless, sentiment continued nervous, and closing levels remained considerably lower, namely, July, 1 dollar 52 cents a bushel; September, 1 dollar 10-! cents; December, 1 dollar 151 cents. SOUTHERN EXCHANGES YESTERDAY’S SALES Press Association Christchurch. —National Bank of Australia (con.), £9 11s 6d; Bank of New Zealand, £3 Ss; Huddart-Parker, £2 5s 7d: Inscribed Stock, 1935, 41 per cent. (4), £99 15s; Staple’s, £2 Ss 6d: Tooth’s, £2 19s 9d; Aus. Distilleries, £1 2s: British Tobacco (2), £2 9s 3d; N.Z. Farmers' Co-op. stock, 1.939, 6j\ per cent., £9O; Mahakipawa, 9d and 9.\d. Wellington. —National Bank of N.Z., £7 Is 6d; Bank of New Zealand, £3 3s; Goldsbrough, Mort, £2 11s Sd: National Mortgage, £4 Ss 6d; South British Insurance (3), £3 5s 9d; Gear Meat. £2 2s 6d; Westport Coal, £1 14s Sd; N.Z. Breweries, £3 11s 6d; Staples (2), £2 Ss 6d: Electro. Zinc (pref.), £1 17s lid. Dunedin. —Bank of Australasia, £l-4 15s; National Bank of N.Z., £7 Is 9d; Union Bank of Aust., £ls 15s 6d; N.Z. Breweries, £3 11s 6d and £93 12s; Hud-dart-Parker, £2 5s 6d; Christchurch Gas, £1 7s Id; N.Z. Refrig, (con.), 7s 6d; Wilsons Cement, £2 Is 9d; New Zealand Breweries (3), £3 11s 9d. DAIRY PRODUCE The New' Zealand Loan and Mercantile Agency Company, Ltd., has received the following cable from its ■ London house, dated June 12:—New Zealand dairy produce: Butter, salted, 170 sto 1725. Cheese, white 92s to 935, coloured 94s to 955. The market is dull. CEYLON TEAS AUCTION

Association DUNEDIN, Today. At Tuesday’s auction of Ceylon teas 2,700.0001 b were offered. Quality showed a slight improvement and good teas advanced two to four cents. Others were somewhat irregular, and in some cases a decline of two to three cents was recorded. AUCTION NOTES C. F. Bennett, Ltd., will offer the following properties for sale by auction at tbeir rooms, New Zealand Insurance Buildings, at 12 noon today:—Under conduct of the Registrar of the Supreme Court, at the request of the mortgagee, a two-storey dwelling' containing seven rooms and offices, motor garage, etc., situated on freehold section approximately 1-acre at the corner of Campbell and Horotutu Roads, One Tree Hill. By order of the sheriff, a block of land containing about 1:2 acres in Portland Road, Remuera. Messrs. Alfred Buckland and Sons, Ltd., will offer by public auction at their Haymarket land sale rooms, Albert Street, tomorrow, at 2.30 p.m., by order of the Registrar of the Supreme Court, 144 acres at Aka Aka, Waiuku, 59 acres at Ramarama in estate of G. Stewart (deceased), 388 acres at Makarau on behalf of Messrs. Biddick and Newcombe, also a choice residential site on the corner of Landscape and Fairview Roads, Papatoetoe. Easy terms offered. MINING NEWS HAURAKI. —The manger reports:— ‘ The winze below the 400 ft level at the junction of the Union Beach Cross reef has been sunk to a depth of 20ft, at which point an increased flow of water was met with. Preparations are well under way for installing a small Cameron pump to deal with the water. Three faces were started today in the slopes above the level on the Stockwood. Part of last week was employed in rising lor the second ladder road, and no quartz was taken down in the slope where the gold was got. The compressed air pipeline is being relaid to the seaward face; this had to be taken down while the winze chamber and rise for ladder road was being cut. On Saturday afternoon the water supply was cut off for cleaning purposes, and we took the advantage of overhauling the pumping machinery, which is again in good condition and easily dealing with the winter flow.”