COMMERCIAL.

Timaru Herald, Volume CXXV, Issue 18614, 9 July 1930, Page 9

COMMERCIAL.

GRAIN AND PRODUCE MARKETS. CHRISTCHURCH MID-WEEK REPORT. By Telegraph—Press Association CHRISTCHURCH, July 9. The oats market is quiet, and values are a little easier. A grade Gartons from the south are worth 3/9i to 3/10 f.o.b.s.i. for prompt delivery, and for July-August-September 3/10i to 3/11, with few sales being effected. B’s are worth 3/8 for prompt and 3/9 for 6pread, with the market quiet. There is a very unusual scarcity of Algerians this season, and at present they are practically unprocurable. Local merchants are negotiating with Australia to secure seed to cover their requirements. Business is being attempted in this regard at 5/8 to 5/9 c.Lf., duty paid. The chaff market is steadier than for some time, and to-day sales have been made at £6/17/8 to £7 f.o.b.s.i. for “prompts,” equivalent to £5/7/6 to £5/10/- on trucks.

The potato market is quiet. Growers are still inclined to hold supplies. The price to growers remains at £4 on trucks. The Wingatui sailed to-day for Auckland with a much smaller quantity than was at first anticipated. Her cargo included 2828 sacks from Timaru, and 1996 sacks from Lyttelton, and the latter figure includes 400 to 500 sacks of seed. The Katoa is due to sail from Lyttelton to-morrow, but it is not expected that she will carry a large quantity. For the Wingatui, the price paid was 95/- f.o.b.s.i. The quantities in store at Lyttelton are being reduced. The forward position is easier, and to-day’s quotations are £5 a ton f.o.b.s.i. for July’s, and £5/12/6 for August-September’s. The onion market is in the doldrums at present. The nominal price to growers is £2/10/- to £3 on trucks. Advice from Wellington is to the effect that consignments of onions from Melbourne were landed by the Maheno on July 4th. The offerings of wheat have slackened off, as nearly all the wheat has been threshed and delivered. The few offerings are realising 5/11 a bushel on trucks. Fowl wheat remains firm at 6/f.o.b. s.e., with the demand- good.

CHRISTCHURCH STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. (Special to the "Herald.") CHRISTCHURCH, July 8. The following quotations were current on ’Change yesterday:— Sellers. Buyers. £ s. d. £ s. d.

THE DAY’S BUSINESS. Sales on ’Change.—Commercial Bank of Australia, 20/11; National of Australasia (£lO paid), £l4 7s 6d; Union j Bank of Australia, £ll 13s; A.P.A. Insurance, 7/3; N.Z. Insurance (cum div.) 47/6; New Zealand Breweries, 50/4, 50/3, 50/1; Tooths Brewery, 31/9, 31/10; Holden’s Motors, 10/-, 10/1; Stoney Creek (6d paid), 6d; Waihi, 14/3; Winding Creek (6d paid) 2d (2). Sales reported. Commercial Bank of Australia, 21/-; National Bank of Australasia (£lO paid), £l4 8s; National Bank of Australasia (£5 paid), £7 0s 6d; ! Union Bank of Australia, £ll 15s; Staples Brewery, 46/6; Union Bank, £ll 14s. THE SHAREMARKET.. By Telegraph—Press Association AUCKLAND. July 8. Sales on ’Change.—Auckland Gas i (1935) 6 h per cent., £lO2 4s 4d; Comi mercial Bank of Australia, 21/2; do. i (pref.), £6 12s 6d; National Bank of Australasia (con), £7; Union Bank of i Australia, £ll 15s; N.Z. Insurance, : 47/4; Dominion investment and Bank- > ing, 20/-; Renown Collieries (new pref.), 2/8; Farmers’ Trading, 8/-; 5 Waihi G.M.. 14/2; Mount Lyell ) (“rights”), 3/-. J WELLINGTON, July 8. j There were no stock exchange calls to-day on account of Sir Joseph Ward’s j death.

COMMERCIAL. GRAIN AND PRODUCE MARKETS. CHRISTCHURCH MID-WEEK REPORT. By Telegraph—Press Association CHRISTCHURCH, July 9. The oats market is quiet, and values are a little easier. A grade Gartons from the south are worth 3/9i to 3/10 T f.o.b.s.i. for prompt delivery, and for July-August-September 3/10i to 3/11, iVl with few sales being effected. B’s are seei worth 3/8 for prompt and 3/9 for vill 6pread, with the market quiet. There g Up is a very unusual scarcity of Algerians diff . this season, and at present they are practically unprocurable. Local merchants are negotiating with Australia aliv to secure seed to cover their require- j n merits. Business is being attempted in this regard at 5/8 to 5/9 c.iX, duty J P The chaff market is steadier than for some time, and to-day sales have been made at £6/17/6 to £7 f.o.b.s.i. for “prompts,” equivalent to £5/7/6 to £5/10/- on trucks. The potato market is quiet. Growers are still inclined to hold supplies. The price to growers remains at £4 on trucks. The Wingatui sailed to-day for Auckland with a much smaller quantity than was at first anticipated. * Her cargo included 2828 sacks from Timaru, and 1996 sacks from Lyttel- Hl ton, and the latter figure includes 400 yo to 500 sacks of seed. The Katoa is due L y to sail from Lyttelton to-morrow, but . it is not expected that she will carry a large quantity. For the Wingatui, C01 the price paid was 95/- f.o.b.s.i. The arr quantities in store at Lyttelton are n jg being reduced. The forward position . is easier, and to-day’s quotations are £5 a ton f.o.b.s.i. for July’s, and ase £5/12/6 for August-September’s. tal The onion market is in the doldrums pu at present. The nominal price to - growers is £2/10/- to £3 on trucks. y Advice from Wellington is to the effect that consignments of onions from Melbourne were landed by the ne Maheno on July 4th. t The offerings of wheat have slackened off, as nearly all the wheat has been threshed and delivered. The Eu few offerings are realising 5/11 a be bushel on trucks. Fowl wheat remains firm at 6/f.o.b. s.e., with the demand- good. CHRISTCHURCH STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. (Special to the "Herald.”) CHRISTCHURCH, July 8. re The following quotations were current on 'Change yesterday:— Sellers. Buyers. £ s. d. £ s. d. m N.Z. Government Debentures — a | 4£ p.c. Inscr.. and th Bonds, 1938 . . 99 5 0 — 45 p.c. Inscr., 1939 99 5 0 99 10 0 T 55 p.c. cent. 1933 99 5 0 — ai 55 p.c. Inscr., 1936 at , and Bonds, 1936 99 7 6 — t 51 p.c. Inscr.. 1936 99 5 0 99 7 6 Other Debentures — nc Glaxo, 65 p.c., 1945 90 0 0 94 0 0 w N.Z. Refrig., 64 p.c. dl 1935 — 97 0 0 ra Gisborne Sheep, 7i pc., 1931 .... 80 0 0 90 0 0 “ Banks— A Adelaide 6 16 0 7 0 0 Aust. of Commerce 13 3 13 5 Australasia .... 12 6 6 12 9 6 c Comm, of Aust. . 1 0 11 1 1 2 n Do. (pref.) .... 6 10 0 6 12 0 w Comm, of Sydney — 20 10 0 E.S. and A 5 19 3 5 19 9 Natl, of A/asia (£10 paid) 14 6 0 14 10 0 t Do. (£5 paid) . . 7 0 0 7 0 6 a Natl, of New Zealand (cum div.) 5 18 6 6 0 0 New South Wales 38 2 6 38 7 6 New Zealand ... 2 17 0 2 17 6 s Union of Aust. 11 12 6 11 13 6 n New Zealand (“D”) 0 Mortgage shares 1 7 0 2 8 0 q Insurance — J A.P.A 070 0 12 01 New Zealand Insurance (cum div) 270 276 South British . . 2 19 7 3 0 0 1 Standard — 3 0 0 1 Loan and Agency— Christchurch Building Society . . 13 7 6 15 0 0 1 Dalgety and Co. 10 12 6 10 19 0 Goldsbrough Mort. 1 8 10 1 811 I Wright, Stephenson (pref.) . . 0 15 6 — Natl. Mortgage (£1 paid) .... 1 11 0 — N.Z. Guarantee Corpn 0 711 0 8 1 Do. (pref.) ... 106 — Shinning— P. and O. Deferred Stock 2 1 0 2 8 0 Kuddart, Parker . 1 18 4 1 18 11 Frozen Meat — N.Z. Refrig (£1 paid) 0 911 011 0 Do. (10/- paid) . . 0 4 9 0 5 2 North Canterbury Freezing ... — 023 Wellington ... 0 4 3 — Woollens— Kaiapoi (17/- pd.) 0 12 3 0 13 0 Do. (7/- paid) . . 0 4 3 — Mosgiel 6 10 0 — Coal — Grey Valley ... 126 150 Westport 1 10 6 — Stockton (ord.) . 0 16 0 1 11 Stockton (pref.) .. 0 2 9 0 3 9 Gas— Ashburton .... 5 5 0 — Christchurch ... 158 160 Christchurch (10/paid) 0 12 6 0 13 0 Timaru 113 — Breweries— New Zealand ... 2 10 1 2 10 2 Staples 259 269 Shamrock — 3 0 0 Timaru — 0 14 0 Do. paid) . 0 5 11 0 7 3 Tooheys 0 19 6 106 Tooths 1 11 9 1 12 0 White Star .... — 0 14 0 Miscellaneous— Amalgamated Wireless (contr.) . — 13 0 Australian Distillery .... 0 18 0 — Australian Glass . — 1 16 0 Beath and Co. . . — 1 9 10 Do. (1/- paid) . . 0 6 0 0 7 0 Booth. Macdonald (pref.) 0 4 6 0 5 0 British Tobacco . 1 17 1 1 17 2 Colonial Sugar ... — 42 2 0 Dunlop Perdriau Rubber 0 13 5 0 13 8 E. African Coffee — 1 10 0 Electro Zinc (ord.) 10 0 116 Do. (pref.) .... 1 3 11 147 Glenmore Brick and Tile .... 140 180

Holden’s Motors 0 10 0 0 10 1 Howard Smith . 0 L7 0 Kauri Timber . . 0 L3 9 Mt. Lyell 1 4 7 1 4 9 Do. (“rights”) . . . N.Z. Farmers’ Co-op 0 3 1 0 3 2 (“B” 2 ef.) . . — 2 9 0 Do. (6* p.c. Stock, 1940) 77 0 0 80 0 0 Do. (6S p.c. Stock, 1939) — 80 0 0 1 N.Z. Farmers’ Fertiliser (cum div.) 1 0 6 1 1 0 Quill, Morris . . . — 2 0 0 Taranaki Oil . . . Victoria Nyanza 0 1 1 0 1 11 Sugar — 2 0 0 United Pictures 0 19 6 — Wilson’s Cement . — 2 4 3 Mining— Kawarau . . . . . 0 0 3 0 0 6 Mahakipawa . . . 0 0 1 0 0 2 Mt. Isa 0 15 0 1 0 0 Okarito Stoney Creek (6d 0 7 0 0 7 6 paid) 0 0 5 0 0 6 Waihi 0 14 1 0 14 5 Waihi Grand June Cornish Point (5/0 1 6 0 2 3 paid) Winding Creek (1/0 0 5j 0 0 9 paid) Winding Creek (5d 0 0 3 paid) 0 0 2 0 0 3