COMMERCIAL.

Timaru Herald, Volume CXXV, Issue 18349, 21 August 1929, Page 12

COMMERCIAL.

CHRISTCHURCH STOCK EXCHANGE. YESTERDAY'S TRANSACTIONS. (Special to the “Herald.”) CHRISTCHURCH, August 20. Sales on ’Change to-day were made M follows.—Australian Bank of Commerce, 35/6; Australasia, £l4/9/6; New Zealand Refrigerating (10 - paid), 7/-; New Zealand Breweries, 84/6 (2); Staples Brewery, 54 4; Beath and Co. <l/- paid), 9/6; British Tobacco, 48 -; Mi. Lyell, 44/6, 44 7 (2); Mahakipawa, 34d (2); Winding Creek (1/- paid), 1/9 C2) ; New Zealand Guarantee Corporation. 9/7. Sales Reported.—Australian Bank of Commerce. 35 6; New Zealand Insuiance, 48.-; New Zealand Breweries, $4 6; Staples Brewery, 54,5.

THE SHAREMARKET. By Tefecraph—Press Association. WELLINGTON. August 20. Sales Reprted.—Bank of New Zealand, £3 3-; Union Eank of Australia, £ls 1 6 (on 'Change'; New Zealand Breweries, £4 4 6 (2 parcels); Staples and Co., £2 14 3 (2 parcels), £2 14/-; Australian Bank of Commerce, £l/15/6; New Zealand Insurance. £2/7/8. DUNEDIN. August 20. Sale on Change.—si Bonds. 1937. £9B. Sale-- Reported.—Okarito. 1 9: prem. (two parcels); Tongkah Compound 49 3 (.two parcels).

BALLOON PRICES FOR POTATOES. OAT MARKET FIRMER. By Telegraph—Press Association. CHRISTCHURCH, August 20. The potato market has fluctuated considerably since the week-end report. On Thursday afternoon September deliveries were sold at 8/17/6 a ton, f.0.b.,5.i. On Friday afternoon, this price had firmed by up to 5/-, but on Saturday there was a rapid advance to £lO. and yesterday there was a sale or two as high as £lO/10/-. To-day this price had eased back to £lO/5/-, j with buyers scarce. August potatoes moved in sympathy, but not to the; same extent. From £B/15/- on Thurs- ! day, they improved to £9/12/6 on Saturday, but to-day quotations are at £9/10/-. Values to farmers are steady at £B,* and at this figure there is a general disposition for growers to meet the market. Supplies therefore are coming to hand fairly freely. Singularly enough, Dakotas did not advance in sympathy with whites, and for the first time for two or three years, they are actually cheaper, being quoted at £7/15/- on trucks. Three boats will be leaving southern ports during the next week for the north —the Waipiata, Wingatui and Kawatiri. The first two are taking fair consignments for southern ports. The Waipiata is due to leave on Friday or Saturday, and the others about Tuesday. It is believed that between them the three vessels will take a heavy aggregate cargo. The oats market is inclined to firm further, and A. grade Gartons have been sold at up to 3/8?., southern ports, f.0.b., and 3/9, Lyttelton, with B’s. at 3/6 and 3'7. Northern inquiry is fairly active, and there is not a great quantity available. Melbourne is still making inquiries, but there is no margin at the moment for export. Milling oats, by last accounts, were worth up to 4/3 a bushel, and good to 4/-. There is little doing in the wheat market, but it is firm. Values are at 6/4?, f.0.b., for Pool wheat. Fowl wheat is firm at 5/10*, f.o.b. POINT STOCK SALE. There was a small yarding, but prices were well maintained at the Pleasant Point stock sale on Tuesday. The following were the prices realised for various lines: — Fat Ewes.—l 4 at 29/-, 28 at 31/7, 30 at 31/7, 22 at 29/11, 22 at 29/10, 15 at 26/3, 22 at 25/9, 13 at 24/-, 12 at 27/6, 49 at 21/9, 9 at 17/-. 11 at 27/-, 44 at 30 '-, 34 at 24/3, 5 at 24/-, 1 at 29/-, 22 at 24/11, 18 at 24/11, 20 at 27/3, 1 at 10/-, *B2 at 19/6, 17 at 26/3, 8 at 31/7, 15 at 34/2, 6 at 24/-, 8 at 20/1, 11 at 24/-, 11 at 25/-, 15/- at 27/3, 20 at 34/3, 19 at 30/-, 12 at 28/10. Fat Wethers.—4o at 30/-, 21 at 30/1, 25 at 34/6, 32 at 36/-, 30 at 35/2, 41 at 33/6, 51 at 31/6, 29 at 35/-, 2 at 37/-, 7 at 31/6, 6 at 30/5, 18 at 31/7, 1 at 27/6, 14 at 32/9, 7 at 36/-, 13 at 38/6, 12 at 40/-, 14 at 33/-, 19 at 31/4. Wether Hoggets.—27 at 23/-, 44 at 30/-, 17 at 19/9, 35 at 17/10, 27 at 14/9, 140 at 15/2. Ewe Hoggets.—49 at 29/9, 53 at 21/2, 76 at 19/-, 322 at 23/9, 149 at 26/9. Store Sheep.—sl lambs at 25/3, 10 ewes at 16/7, 16 at 14/3, 92 at 13/9, 2 wethers 23/9, 67 ewes at 31/6, 40 ewes at 26/6, 3 ewes at 15/-, 72 at 26/8, 93 at 16/9. Two-Tooth Ewes. —88 at 35/-. Fat Cows. —2 at £l2/5/-, 1 at £ll/15/-, 1 at £l2/12/6, 1 at £7/7/6, 1 at £6/12/6, 1 at £5/17/6, 1 at £9, 1 at £l2/17/6, 1 at £ll/5/-, 1 at £9/7/6, 1 at £ll/5/-, 1 at £l4, 1 at £ll/10/-. Dairy Cattle.—l at £7, 1 at £lO/10/-, 1 heifer and calf £6/12/6, 1 at £9/2/6, 1 at £9/17/6, 1 at £9/10/-, 1 at £ll, jersey cow and calf, £9/10/-, 1 at £B/7/6, 1 at £ll/5/-, 1 at £ls. Fat Steers.—l at £6, 1 at £5/15/-, 1 at £lO/2/6. Fat Heifers.—l at £lO/17/6, 1 at £9, 1 at £4/15/-, 1 at £3/5/-, 2 at £9/2/6, 1 at £l2/5/-, 1 at £B/15/-, 1 at £3/17/6. Pigs.—2 at £l, 1 at £l/0/6, 1 at £l, 1 at 19/-, 2 at 15/-, 1 at 10/6, 2 at 10/6. Horses.—Mares, 2 at £33. 1 at £45/10/-, 1 at £32, 1 at £4O/10/-, 1 at £2B/10/-, 1 at £27, geldings, 1 at £45, 1 at £22. 2 at £32, 1 at £l9. 1 at £l3, fillies, 2 at £35, 1 at £3O/10 /-, colt foal, 1 at £l2/10/-, pony. 1 at £3. BRADFORD WOOL PRICES. The Department of Agriculture has received the following cablegram, dated 17th instant, from the High Commissioner, London:— Wool.—The Bradford mills are shut down on account of annual holidays, and trade is quiet. Present quotations for tops are:—64's, warp, 3/2, average, 3/1, 56’s, 2/4, 50's, prepared, 2/oi, 40’s, prepared, 1/9. LONDON QUOTATIONS. Tallow.—Fair demand at auction, but market now quiet. Present quotations for spot are:—Muttton—Fine, 41/- to 41 6 cwt., fair to good 38/- to 40/-, dark to dull 36/- to 37/-. Beef— Sweet and mixed, 39/6 to 43/-, fair to good, 37/- to 39/6. dark to dull, 35/6 to 36/6. Mixed —Fair to good. 37/- to 39/-, dark to dull, 35/6 to 36, 6. Apples.—The market is flat with scarcely any demand this week. Less than half of the “Port Nicholson" consignment is sold yet. Large quantities of English apples and other English and Continental fruits are now arriving and selling cheaply. Current prices for New Zealand are:—Sturmer pippin 10 - to 16 - case, Rokewood and Dougherty 12 - to 18 -. Indications point to lower prices Icter on. Eggs.— The market is quiet but steady. Present quotation are:—English, 15 - to 22 - per long 100. Dutch, Danish and French 12 - to 17 6. Belgian 14, - to 14, 6, Polish 9 9 to 11/3.

LATEST QUOTATIONS. Buyers. Sellers. £ s d £ s. d N.Z. Government Debentures— 4i p.c., Bonds. 1930 99 5 0 — 54 p.c., Inscr., 1932 99 10 0 — 6i p.c., Inscr., 1941 99 12 6 — 5i p.c., Inscr., 1933 99 10 0 — 5i p.c.. Inscr., 1933 101 7 6 — 54 p.c., Bonds, 1933 101 7 6 — 5s p.c.. Inscr., 1936 — 101 0 0 £4 p.c., Bonds, 1936 — 101 0 0 Other Debentures— N Z- Breweries (Inscr. and Bonds) 1 8 0 1 8 6 KZ. Refrigerating 64 p.c., 1935 . . 100 0 0 — MV R. Cooke and Son. 8 per cent 1936 100 0 0 104 0 0 Banks— Adelaide 9 19 0 10 4 0 Aust. of Coin. . . 1 15 4 1 15 6 ! Australasia .... 14 8 6 14 10 0 | Com. of Aust. . . . 1 9 4 1 9 7 Do. (pref.) .... 7 7 0 7 9 0 E.S. and A. . . . — 8 9 6 Natl. of A asia (£10 paid* . . . — 19 15 0 1 Do. (£5 paid) . . . — 9 14 6 Natl, of N.Z. . . . — 6 19 o! New South Wales i (cum. div.) . . 51 15 0 52 2 6 New Zealand . . . 3 3 4 — Queensland Natl. . 9 11 0 — Union of Aust. . . 15 1 0 15 2 6 Insurance— A.P.A — 0 15 0 Mercantile Mutual 1 11 6 — National .... 0 16 2 0 16 6 Bouth British . . . 3 7 3 Loan and AgencyDalgety & Co. . . 15 2 6 15 4 0 1 Goldsbrough Mort 2 8 3 2 8 6 National Mortgage 4 5 10 4 6 3 N.Z. Guarantee Corporation . . 0 9 6 0 9 8 United Building Society .... 0 15 5 0 16 0 Shipping— Huddart Parker . 2 6 0 2 6 9 Do. (pref.) .... — 1 3 0 P. and O. Deferred Stock 2 15 6 — Frozen Meat— Canterbury (ord.) 8 12 6 8 15 0 N.Z. Refrigerating (£1 paid) . . . 0 15 0 0 16 0 Do. GO - paid) . . 0 6 11 0 7 i| Woollens — Kaiapoi (17 - pd.) 0 14 0 0 14 6 Do. (7/- paid) . . 0 5 0 0 5 3 Coa!— Taupiri .... 1 10 0 Stockton (ord.) . — 0 3 3 Grey Valley .... 1 6 4 1 6 8 Gas— Christchurch . . . 1 6 0 1 6 6 Do. (10 - paid) . . 0 13 0 0 13 6 Timaru 1 5 0 — Breweries— Carlton 2 7 9 2 8 3 Foster’s — 4 0 0 Monteith's .... 1 0 0 1 2 6 Staples 2 14 4 2 14 5 New Zealand . . . 4 4 5 4 4 6 ! Timaru (5/- pd.) . 0 8 4 0 8 7 1 Toohey's .... — 1 17 6 i Tooth's 2 16 0 2 16 3 Ward's 1 9 0 1 12 0 White Star . . . — 0 12 0 Tooth’s (new) . . . 2 14 9 2 16 0 Miscellaneous — Beath and Co. . . 1 12 0 1 12 4 Do. (1/- paid) . . 0 9 5 0 9 6 British Tobacco 2 7 9 2 8 0 Broken Hill Proprietary . . 1 10 9 — Burns Philp .... 2 7 6 2 8 6 Colonial Sugar . . 57 2 6 57 7 6 Dunlop Rubber . . 1 8 10 1 9 6 Electro Zinc (ord. cum. div.) . . . 1 19 9 2 0 0 Do. (pref., cum. div.) 1 19 9 2 0 2 Glenmore Brick & ■ Tile — 1 11 o 1 Greater Crystal i Palace 1 1 0 — j Holden's Motors (cum. div.) . . 1 8 4 1 8 8 Howard Smith . . 1 3 9 — Kauri Timber . . 1 7 0 — Mt. Lyell 2 4 7 2 4 9 N.Z. Drug Co. . . — 3 18 0 N.Z. Farmers Co.-op (10/paid) 0 3 0 — Do. (1st pref.) . . — 4 15 0 Do. (A pref.) . . . 3 7 6 — Do. (B pref.) . . — 3 3 0 Do. (64 per cent stock. 1940) 91 0 0 93 0 0 Do. (64 per cent stock. 1945) . . 91 10 0 93 0 0 N.Z. Farmers Fertiliser . . . 1 2 6 1 3 3 N.Z. Paper Mills . 1 0 3 — Quill Morris . . . 0 17 0 0 18 0 Taranaki Oil . . . 0 3 9 — Victoria Nyanza Sugar (cum. div.) 2 7 10 2 8 3 Herald & Weekly Times .... 5 2 0 5 7 6 1 .'.lining— Kildare 0 4 9 0 5 6 Mahakipawa . . . 0 0 24 0 0 3i Winding Creek <6d paid) .... 0 1 9 0 1 10 ! Do. U - paid) . . . 0 1 9 1 104 I