COMMERCIAL.

Timaru Herald, Volume CXXV, Issue 18555, 30 April 1930, Page 12

COMMERCIAL.

CHRISTCHURCH PRODUCE MARKETS. EXPORTS OF POTATOES. Bjr T«!*cr*ph—Frsi» Aa«*el»M«» CHRISTCHURCH, April 29. Owing to lack of business there is a tendency on the local grain and produce market for prices to recede Business has recovered a little since the holidays, but still lacks animation, and there is no great volume of it. The potato market has slipped back still further. To-day's quotation is £3 to £3 5s Od on trucks. Throughout the province digging is now in progress, and generally, speaking the outturn is satisfactory. Potatoes are being sent to the North Island in such large quantities that the markets there are being over-supplied, it is anticipated that about 16,000 sacks will be Shipped from Lyttelton this week. The Waipiata left yesterday with about 4226 sacks for Auckland. The Kurow left Timaru on Monday with 1600 sacks for Auckland, and will return to Lyttelton this week when it is expected that she will lift 10,000 sacks of potatoes. The shipments which had gone from Lyttelton this season up to Saturday last are:—For Auckland, 21,721 sacks; for Wellington 11,020 sacks; for Napier and Gisborne, 3010 sacks: for west coast of North Island. 7807 sacks; west coast of South Island 3538 sacks. There is very little change in wheat prices which are quoted as follows: Tuscan 5s 8d to 5s 9d, Hunters* 5s 9d to 5s lOd, pearl 5s lid to 6s, on trucks each case. Fowl wheat is worth 5s 6d on trucks at handy stations. There is not a great deal of business passing on the oat market. A grade Gartons can be readily disposed of at 3s to 3s 6d on trucks, and Bee’s at 3s to 3s 3d. The chaff market is a little firmer, good bright being quoted at £5 on trucks. A little more animation is apparent on the market for linseed, which today is quoted at £ls a ton on trucks. Business in small seeds is negligible. CHRISTCHURCH STOCK EXCHANGES. (Sr>prl»l to t-bp “Hprald.”) CHRISTCHURCH, April 29. Latest quotations on ’Change to-day were as follows:

THE DAY’S TRANSACTIONS. Sales on ’Change: Commercial Bank of Australia 21/3; E S. and A. Bank (cum div.) £6/7/- (2); Bank of New Zealand (cum div.) 58/6 (2); New Zealand Insurance 44/5; Dalgety and Co. £ll (7) (cum div); Christchurch Gas CIO/- paid) 13/2 (2); New Zealand Breweries 53/- (2); Dunlop Perdriau Rubber 16/9; New Zealand Farmers’ Fertiliser 18/6. Sales reported: Timaru Gas 22/-; New Zealand Breweries 53/6; Tooth’s Brewery 32/6; British Tobacco 40/1; Mount Lyell 28/8; Dalgety and Co. £ll/1/- (2). ' THE SHAREMARKET. By Telegraph—Press AssociationAUCKLAND. April 29. Sales on ’Change.—lnscribed Stock (1933) 5i per cent., £99/2/6; Commercial Bank of Australia, 21/6 (late sale Monday), 21/5; Bank of New Zealand, 58/6; ditto (D mortgage), 26/4 h; North Auckland Farmers’ Co-op., 2/4; Renown Collieries (new, pref.), 2/9; Auckland Gas, 23/9; Kauri Timber. 13/6; British Tobacco, 40/-; Bycroft Limited, 34/-; Waihi, 13/9; New Zealand Farmers’ Fertiliser, 18/10. WELLINGTON. April 29. Sales - reported.—New Zealand Government 4i per cent. (1938), £97/15/(on ’Change) . 12/6. Sales on ’Change.—E., S. and A. Bank. £6/7/6; Queensland Insurance Co.. £2/8/-; Bank of New Zealand, £2/18'9; British Tobacco Co. (ord.), £2 (2), £2/0/3; Australian Bank of Commerce, £l/4/1; National Bank of New Zealand, £6/7/6; Wellington Investment T. and A. Co., 11/-; Mount Lyell Mining, £l/8/3. POINT STOCK SALE. At this week's Pleasant Point stock sale, there was a fairly large entry, and prices were on a par with those [ prevailing last week. Following were the sales made'— Fat Ewes:—l9 at 11/3, 12 at 12/9, 14 at 11/6. 42 at 14/1, 56 at 11/2, 61 at 11/10, 26 at 12/-, 10 at 12/3, 20 at 13/9, 27 at 11/8, 23 at 13/1, 23 at 11/-, I at 12/-, 23 at 13/-, 36 at 11/-, 17 at 9/1, 28 at 11/-, 26 at 10/-, 40 at 12/9, 22 at 13/6, 54 at 12/6. 4 at 18/2, 21 at 12/3, 13 at 16 2, 24 at 11/5, 4 at 10/-, 6 at 14/6, 6 at 19/8, 6 at 12/-, 31 at 16/3, 9 at 13/9, 25 at> 11/1, 40 at 11/2, 40 at 11/-, 25 at 10/-, 11 at 14/4, 19 at 11/3, 17 at 12/-, 17 at 11/-, 21 at 11/9, 12 at 11/6, 10 at 14/5, 20 at 10/-, 5 at 10/-, 19 at 10/1, 5 at 7/9, 9 at 19/6, 4 at 22/6. 16 at 11/1, 3 at 21/6, 30 at 10/11, 15 at 21/-, 10 at 13/-, 12 at 18/3, 18 at 23/1, 15 at 8/6, 28 at 9/-, 19 at 21/-, 1 at 21/6, 1 at 11/-. Fat Lambs:—l9 at 19/1. 87 at 19/3, 15 at 19/-, 26 at 22/-, 36 at 17/-, 11 at 20/6, 32 at 19/7, 55 at 20/-, 1 at 21/-, 52 at 20/3, 22 at 20/6. 90 at 21/5, II at 19/6, 46 at 19/11, 156 at 22/4, 116 at 23/-, 14 at 17/6, 8 at 15/-, 21 at 18/3, 15 at 16/*. Store Sheep:—23 ewes at 20/7. 47 at -13/2, 12 at 13/6, 34 at 22/6, 19 at 19/-, 214 wethers at 19/-, 102 ewes at 29/6, 209 at 24/2, 30 at 15/9, 41 at 4/9, 36 at 4/-, 71 at 15/2, 69 2-tooth ewes at 26/-, 61 4 and 6-tooth ewes at 29/1, 100 2-tooth ewes at 30/-, 68 lambs at 8/3, 8 at 4/9, 76 2-tooth ewes at 26/-, 43 s.m. ewes at 14/2, 16 m.s. lambs at 11/4, 128 at 13/10, 12 f.m. ewes at 17/3, 43 wethers at 13/7, 97 at 13/11, 143 2-tooth ewes at 25/-, 143 m.s. lambs at 11/1, 224 at 11/1, 170 at 11/6, 71 at 12/6, 26 wethers at 15/-, 10 ewes at 11/3, 32 at 11/6, 27 at 11/1, 28 at 12/1, 10 at 9/6, 12 at 12/-, 50 at 5/4, 78 at 5/1, 91 at 15/-, 50 at 13/10. Fat Wethers:—27 at 22/-, 6 at 23/-, I 3 at 20/6. Rams sold as follows:—2 at sgns, 1 at 3, 1 at 2, 1 at 21, 1 at 2, 1 at 3, II at 2. I Fat Cattle. —1 cow at £6/2/6, 1 at •£4/17/6, 1 at £B, 1 at £3/17/6. 1 at I £6/10/-, 1 at £5/7/6, 2 at £7/12/6, 1 at ,£9/76, 1 at £5/15/-, 1 at £lO/5/-, 1 , at £ll, 1 at £lO/10/-, 1 at £B/10/-, 1 i at £7/2/6, 1 at £6/10/-, 1 at £5. | Fat Steers.—2 at £5/12/6, 2 at j £9/10/-, 2 at £9/5/-, 2 at £B/7/6, 3 at ! £7/12/6, 1 at £9/2/6, 1 at £lB, 2 at I £l6/7/6. 2 at £ls/10/-, 2 at £ls. 1 Fat Heifers.—l at £4/2/6, 2 at £B/7/6, 1 1 at £7/17/6, 1 at £9/12/6, 1 at £5/2/6, 1 1 at £B, 1 at £5/10/-, 1 at £6/2/6, 1 1 at £7/10/-, 4 at £7/15/-, 2 at £8 10/-, 4 at £7/17 6. 1 at £7/2/6. 1 at £5/17/6, 1 .1 at ££, 2 at £6. 5. -, 1 at £5/2/6, 2 at

£3/12/6. 3 at £7/5/-. 2 at £726. 1 at £6, 2at £7/2/6, 2at£6 7 6,2 at £5/7/6, 1 at £l4/15/-, 2 at £7/2/6, 2 at £5/10-. Dairy Cattle.—l at £l2/2/6, 1 springing heifer at £6/17/6, 1 at £6/15/-, 1 at £6, 5 at £3/5/-. 1 at £B/10/-, 1 springing cow at £l3. Store Cattle. —1 cow at £4 10 -. 1 at £3/10/-, 1 springing cow at £8 5/-, 1 at £7/15/-. PAPER MILLS DIVIDEND. By Telegraph—Prsss Association. DUNEDIN. April 29. The directors of the New Zealand Paper Mills, Ltd., at a meeting to-day. recommended payment of a dividend at the rate of 4 per cent., making 7i per cent, for the year ended March 31.

Buyers. Sellers. £. s. d. £. s. d. N.Z. Govt. Stock— ci p.c. Inscr.. 1938 97 12 6 98 0 0 •i p.c. Inscr.. 1939 97 12 6 45 p.c. Bonds, 1930 99 0 0 45 p.c. Bonds, 1938 97 12 6 45 p.c. Bonds. 1939 97 12 6 55 p.c. Inscr., 1933 99 5 0 55 p.c. Bonds. 1933 99 5 0 55 p.c. Inscr.. 1936 99 5 0 55 p.c. Bonds, 1936 99 7 6 Other DebenturesGlaxo, 65 p.c. 1945 N.Z. Refrigerating, 90 0 0 65 p.c., 1935 . . 95 10 0 98 10 0 Banks— Adelaide (cum. d.) 6 6 0 7 5 0 Aust. of Comm. . 1 3 9 1 4 0 Australasia .... 12 5 0 Comm, of Aust. . E.. S. and A. (cum. 19 5 0 19 17 6 div.) 6 5 0 6 7 0 National of Aust. (£10 paid, cum div.) 14 15 0 15 3 6 Do. (£5 paid, cum div.) 7 5 0 7 7 6 Natl, of New Zea. 6 5 0 6 6 6 New South Wales New Zealand (cum 38 7 6 38 15 0 div.) 2 18 6 2 L8 9 Union of Aust. . . 11 11 0 11 18 6 Insurance— National (cum div.) 0 14 5 0 14 .0 New Zealand . . . 2 4 0 2 4 8 Loan ami Agency Dalgety and Co. (cum div.) . . 10 19 0 11 0 0 Goldsbrough Mort 1 10 6 1 11 C National Mortgage N.Z. Guarantee 3 0 0 3 9 6 Corporation . . United Building 0 7 6 0 8 0 Society .... 0 13 7 0 14 Frozen Meat — N.Z. Refrigerating (£1 paid) . . . 0 10 3 0 10 Do. (10/- paid) North Canterbury 0 4 9 0 5 Freeing . . . — 0 2 £ Wellington .... 0 8 0 — Woollens— Kaiapoi (7/- paid) 0 3 6 - Coal— Grey Valley . . . 1 4 3 1 7 0 Gas— Auckland 1 3 7 Christchurch . . . 1 6 4 — Do. (10/- paid) . 0 13 3 0 13 Timaru 1 2 1 — Breweries— Carlton .... 1 12 9 1 14 Foster’s — 3 10 i New Zealand . . 2 12 10 2 13 Staples 2 8 9 2 9 Timaru — % 0 15 Do. (5 - paid) . — 0 6 Toohey's .... 1 1 9 1 2 Tooth’s .... 1 12 0 1 12 Ward 0 11 9 t 17 White Star . . . 0 9 0 0 15 Miscellaneous— Australian Distil lery .... — 1 0 Beath and Co. . — 1 10 Do. (1 paid' . 0 6 6 0 7 British Tobacco Booth. Macdonald 1 19 6 19 tpreU - - - 3

Broken Hill Prop. 1 0 0 1 2 0 Colonial Sugar . . 39 0 0 40 10 0 Dunlop Perdriau Rubber .... 0 16 7 0 17 0 East African Coffee — 1 10 0 Eclipse Petrol (£1 paid) 0 12 6 — Electro. Zinc (or.) 1 3 0 1 Do. (pref.) .... 1 4 6 1 5 0 Henry Jones CoOP — 1 10 6 Holden’s Motors . — 0 15 0 Mount Lyell . - . 1 8 6 1 8 7 N.Z. Drug Co. . . — 3 9 0 New Colosseum — 2 7 6 N.Z. Farmers’ Co-op. (A. pr.> — 2 10 0 Do. (B. pref.) . . 3 0 0 2 11 6 N.Z. Farmers’ Fertiliser . . . 0 18 3 0 19 0 North Canterbury Co-op. Flour 0 17 0 — United Pictures . — 1 5 0 Victoria N y a n z a Sugar ,1 19 6 Mining— Alexander .... 0 16 6 Kawarau 0 0 44 0 0 9 Mahakipawa . . . — 0 0 1 Okarito 0 1 5 0 1 8 (prem.) Stoney Creek (6d paid) 0 0 6 0 0 7J Winding Creek (1/paid) 0 0 3 0 0 11 Do. (6d paid) . . . 0 0 3 0 0 74