COMMERCIAL.

Timaru Herald, Volume CXXV, Issue 17945, 2 May 1928, Page 15

COMMERCIAL.

GRAIN, SEEDS AND ROOTS. CHRISTCHURCH MARKET REPORT. Bjr Telegraph'—Preii Ai«oc!*tIo». , OHISTOHURCH, May 1. The offerings of wheat are freer than for some weeks. Prioes remain about the same. Good, milling Tuscan is being bought at 5s 7d to 5s Bd, according .to station, hut a good deal of out-of-condition wheat is being offered. This has been bought at 5s 4d to 5s sd, A few contracts have been signed up under the millers’ offer of 5s lid f.0.b., for Tuscan for next year’s crop, but so far there is no eagerness to accept the offer. Oats remain firm at 3s lOd f.0.b., s.i., for A grade Gartons, and 3s 64 for B grade. Offers from farmers are very small. There is no change to record in small seed values.

The potato market shows little change from the week-end. Forward bought lots continue to go north, hut it is expected that these will soon cease, and the market is then likely to steady. “Prompts” are quoted at £4 15s f.0.b., s.i., and June deliveries at £5. July-Septembers are quoted at £6 ss, but traders are holding off forward months. The Waipiata sails to-morrow for the north, and will probably take between 5000 and 6000 sacks. The following boat leaves at the commencement of next week. Up to date, potatoes have had little frost or cold weather to> ripen them off, and the present weather Break will be helpful in this respect. It will also suspend digging, which in any case was not being proceeded with to much extent at the current on-truck offers. CHRISTCHURCH STOCK EXCHANGE. TUESDAY’S QUOTATIONS.

(Special to the “Herald.”) CHRISTCHURCH, May 1. N.Z. Government Debentures —■ 4£ per cent inscribed, 1938, buyers £97 12s 6d, sellers £97 15s. 41 per cent inscribed, 1939, buyers £97 10s, sellers £97 15s. 51 per cent inscribed, 1932, sellers £99 ss. 51 per cent bonds, 1933, buyers £IOO, sellers £IOO 7s 6d. 51 per cent inscribed, 1936,' buyers £IOO 2s 6d. 51 per cent bonds, 1936, ‘ buyers £IOO 2s 6d. 4 per:cent inscribed, 1929 (taxable), buyers £97, sellers £9B.

Other debentures — ; South Canterbury Electric, 55 per cent, 1936, sellers £lOl 10s. Waitaki Power, 55 per. cent, 1960, sellers £lO2. Lyttelton Harbour, 4 per cent, 1929, buyers £97, sellers £9B 10s. . New Zealand Breweries (bonds), sellers £1 4s. Glaxo, 6* per cent, 1945, buyers £B9, sellers £9l.

Banks— Adelaide, buyers £9 10s 6d, sellers £9 13s 6d. Australian of Commerce, buyers £1 13s lOd, sellers £1 14s Id. Australasia, buyers £l4'3s, sellers £l4 ss. ; ' ■ ■ Commercial of Australia, buyers £1 8s 6d, sellers £1 8s 7d. Do. (pref.), buyers £7 Is. Commercial of . Sydney, buyers £26 10s, sellers £26 17s 6d. E.S. and A. (ex-div.), sellers £8 6s; National of Australasia (£lO paid), fcum.-div.), buyers £lB 3s 6d, ■filers £lB 6s. , ' Do. (£5 paid, . cum. div.), buyers £9 Is 6d, sellers £9 4s. National of New Zealand, . buyers £7 2s 6d. New South Wales, buyers £47 15s, sellers £47 17s 6d. Queensland National (cum. div.), buyers £8 15s, sellers £9 2s 6d. New Zealand (Mort. shares £1 paid), seller £1 7s. Union of Australasia. buyers £l4 12s, sellers £l4 16s. Australasia, “fractions,” buyers 9s, sellers 9s 6d. Do. “rights,” buyers £2 18s 6d, sellers £2 19s.

Insurance — Mercantile Mutual, buyers £1 t s 6d. National (cum. div.), buyers 15s Bd, sellers 15s lOd. New Zealand, buyers £2 Is 3d, sellers £2 Is 6d. Queensland, buyers £3 2s 9d. Smith British, sellers £2 19s.

Loan and Agency—' Dalgety and Co. (cum. div.), buyers £l4 8s 6d; sellers £l4 9s 6d. Goldsbrough Mort, buyers £2 10s, sellers £2 10s 2d. National Mortgage, buyers £3 14k 6d, sellers £4. New Zealand Loan and Mercantile (ord. stock), buyers £lO5. New Zealand and River Plate, sellers £1 11s.

Shipping — Howard Smith, buyers £1 6s 3d, sellers £1 7s 3d. Adelaide Steam, sellers £1 3s 6d. Huddart Parker (pref.), buyers £1 Os Bd. Union (pref.), buyers £1 Os 4d.

'Frozen 'Meat — Now Zealand Refrigerating £1 paid! buvers 16s lOd, sellers 17s 3d. „ * Do. (10s paid), buvers £7 10s, sellers £B. .

Woollens — . . , Kaiapoi (pref. re div. only), buyers 13s 6d. Mosgiel, buyers £6 17s 6d. Wellington (pref.), buyers. £6 7s.

Westport-, -buyers £1 9s lOd, sellers -£1 10s 3d. " Stockton (ord.), buyers 2s 9d, sellers 2s lid. Do. (pref.), Fevers 2s lOd, sellers 3s lid.

Gas — Ashburton, buyers £5 lls Cd. Auckland, buyers £1 2s. Do. (contr.), sellers 16s Bd. Christchurch, buyers £1 3s id, sellers £1 3s 1 Id. Do. (10s paid), buvers lls, sellers lls 4d.

Breweries — Carlton, sellers £2 6s 6d. Crown, sellers 10s 6d. New Zealand, buyers £2 5s lOd, sellers £2 6s sd. White Star, sellers 17s. Tooth’s, buyers £2 3s. sellers £2 3s 9d. Toobev’s buyers £1 5s 6d, sellers £1 Bs. Cements —• Wilson’s, buyers £1 18s 6d. Timber — Kauri, buyers £T Is, sellers £1 2s. 'Miscellaneous — Heath and Co.. buyers £1 13», sellers £1 13s s<l. British Tobacco, buyers £2 0s 4d, sellers £2 0s ! 0d. •

Burns, Philp, buyers £2 2s 9d, sellers £2 3s 9d. Dunlop Rubbers, buyers £1 2s, sellers £1 3s sd. Electro-Zinc ' (pref.)', Sellers £1 12s 3d. Henry Jones Co-op., buyers £1 17s '3d. Hume Pipe,'sellers 14s 2d. New. Zealand Farmers’ Co-op. "(pref. re cfiv. only), buyers £1 15s, sellers £2 ss. Do. (6i per cent stock, 1930), buyers £BO. New Zealand Farmers’ Fertiliser, buyers £4 4s. Taranaki Oilfields, sellers 8s 3d. Weeks, buyers £9 17s 6d, sellers £lO ss. Whitcombe and Tombs, buyers £3 10s. Quill Morris, buyers 17b 7d, sellers 19s.

Mining— Mt. Isa, buyers £1 10s Bd, sellers £1 12s 9d. Kawarau, buyers 6d,. sellers ,10d. Mt. Lyell, buyers £1 12s 6d, sellers £1 12s 9d. Mahakipawa., buyers Is 3d, sellers Is sd. Waihi, buyers 12s sd, sellers 13s. Waihi Grand Junction, buyers Is, sellers Is lOd . Ohinemuri, buyers 6s lid. Powonga Tin, sellers Is 7d.

Sales on ’Change.—Bank of Adelaide, £8 11s; Goldsbrough Mort, 50s 3d; Bank of Australasia, £l4 4s; “fractions,” 9s; Bank of New South Wales, £47 17s 6d; Maliakipawa, Is 3d (3 parcels), Is 4d (2 parcels). Sales Reported.—Wellington Harbour, 5J- per cent, 1940, £9B 10s; Australian Bank of Commerce, 345; Bank of New Zealand, 60s 3d (4 parcels); Christchurch Gas, 23s lOd; Mahakipawa, Is 4d (3 parcels); Waihi, 12s 7^d..