COMMERCIAL.

Timaru Herald, Volume CXXV, Issue 18620, 16 July 1930, Page 7

COMMERCIAL.

POTATO MARKET FLUCTUATING. 1 OATS REMAIN FIRM. I ; By Telegraph—Press Assoc*etlon ;. CHRISTCHURCH, July 15. / The potato market has weakened, s and to-day quotations have eased by l from 2/6 to 5/- a ton for “prompt” i and forward positions. There are a few • orders coming to hand, however, from s Auckland, and other parts also are • showing more activity. The next boat • the Waimarino, does not leave until Thursday or Friday. Growers are not inclined to sell, and they are strong holders. The quotation to farmers on trucks is £4 to £4 2s 6d, but recently there have been offers made from certain quarters of £4 5s and £4 10s. , There are some who believe that there ' are not as many potatoes available this year as in past yeans, and that ’ there will be a shortage. The oats market is fairly firm, with values unchanged. Local B Gartons : are worth 4/- f.0.b.5.i., and local A ; Gartons about 4/1 f.o.b.s.i. Southern ; quotations are 3/11 for “prompt” A i Gartons, and 3/9£ for B’s. For spread - delivery A’s are worth 3/11 to 4/-, and B’s 3/10. ! The chaff market is steady, with a few orders coming to hand. It has 1 been sold for prompt delivery at £6 ; 7s 6d to £7 a ton f.0.b.5.i., which is equivalent to £5 7s 6d to £5 10s on trucks. Chaff for later delivery is not offering in much quantity, but there is not a great deal of inquiry for it. The market for onions is very dull. They are worth from £2 10s to £3 10s on trucks, according to quality. It is many years since business in small seeds has been as dull as it is at present. The volume of business has fallen off, and orders have decreased by a big percentage. LONDON WOOL SALES. United Press Association—By Electric Telegraph—Copyrigh c LONDON, July 14. At the wool sales 9266 bales were offered, including 1104 bales of New Zealand wool. About 8060 were sold. There was a large selection of super good style spinners’ sorts of Merinos, which met with brisk support. Other sorts were in small supply. Prices were unchanged. Yorkshire was buying nothing. The Bradford tops market is unchanged, but trade depression is being acutely felt. The Bank of New Zealand has received the following cable from its London office, dated July ll:—“Compared with the close of the last sales greasy New Zealand Merinos are slightly cheaper. Greasy crossbreds showed a hardening tendency since the opening of the sales.” TEMUKA STOCK SALE. The fortnightly stock sale was held ; yesterday, when the entry was not very j large. For the most part, stock sold j on a par with last week, although there ! was a sharp rise in value for pigs. Principal sales made were:— Fat Wethers.—l6 at 23/1, 13 at 22/9. | 14 at 23/11, 10 at 24/6, 21 at 22/9, 15 | at 23/6, 17 at 20/5,* 13 at 26/-, 11 at 27/-, j . 5 at 28/3, 10 at 25/9, 7 at 25/6, 12 at | ; 27/-, 1 at 28/-. Fat Ewes.—2 at 15/2, 8 at 12/9, 7 at 13/-, 10 at 12/2, 12 at 11/-, 8 at 12/3, I , 16 at 14/3, 22 at 13/1, 9 at 8/-, 11 at ' , 14/3, 11 at 15/-, 16 at 16 9. 6 at 9/9, 9 at 12/9, 21 at 11/7, 2 at 18/-. Fat Lambs.—2 at 24/-. Store Sheep.—ls ewes at 4/-, 25 at J 18/6, 10 at 10/9, 70 at 17/6, 11 at 10/6. , Fat Cattle.—l fat cow at £B/5/-, 1 at r £9, 1 at £9, 2 at £ll/10/-. Fat Steers.—2 at £l4/15/-, 2 at £l3/5/-, 1 at £l3. , Fat Heifers—l at £6, 1 at £5/15/-. « Dairy Cattle. —1 cow at £lO, 1 at ' £ll/15/-, 1 at £lO. 1 at £9/7/-. Stare Cattle.—l cow at £3/12/6. Pigs.—2 at 21/-, 1 at 20/6, 3 at 19/-, 1 at 20/6, 3 at 19/-, 2 at 20/-, 2 at 19/6, 1 at 34/6, 1 at 32/-, 2 at 24/-, 1 at 24/-, J 2 at 66/-, 2 at 36/-, 1 at 41/-, 1 at } 43/6. j 1 CHRISTCHURCH STOCK ] EXCHANGE. ] YESTERDAY’S QUOTATIONS. ] 1 (Special to the “Herald.”) CHRISTCHURCH, July 15. , The following stock was quoted on ’Change to-day:— N.Z. Government Debentures— , I Buyers. Sellers. .

Sales on ’Change.—New Zealand Government, 5& per cent Bonds, 1933, £99/10/-; North Canterbury Hospital Board, 53 per cent, 1940, £99/15/- (2); Australian Bank of Commerce, 22/10, Commercial Bank of Australia (cum. div.), 21/5, 21/3 (2); E.S., and A. Bank, £5/19/9; New Zealand Insurance (cum. div.), 47/1; New Zealand Breweries. 49 6 (3); Dunlop Perdriau Rubber, 13/-; Electro Zinc <pref.. cum. div.), 24/-; Holden's Motors, 10/-; Mt. Lyell (“rights”), 2/4. Sales Reported.—Commercial Bank of Australia (cum. div.), 21/7; Commercial Bank of Sydney, £l9/17/6; National Bank of Australasia (£5 paid), £7/2/6. THE SHAREMARKET. By Telegraph—Press Association AUCKLAND, July 15. Sales on ’Change.—Bank of New Zealand, 57/3 (2); Taranaki Oil, 2/4i; Waihi G.M., 14/-; Waihi Grand Junction, 1/11; Commercial Bank of Australia, 21/5; Mt. Lyell, 24/-. DUNEDIN, July 15. Sales on ’Change.—Okarito 6/10d, 6/9; Kaitangata Coal 4/- (discount), (two); Paddy’s Point, 4/-. Sale reported.—Mt. Lyell (rights), 2/2. Sales reported (after last call), Commercial Bank, 21/4, Okarito, 6/9.

£ s. d. £ s. d. ! 4 h p.c. Bonds, 1938 99 L0 0 4 h p.c. Bonds, 1939 99 10 0 51 p.c. Inscr., 1933 98 0 0 5i p.c. Inscr., 1933 99 7 6 5£ p.c. Bonds, 1937 99 7 6 Other Debentures— North Canterbury Hospital, 52 pc., 1940 99 10 0 Glaxo, 6* p.c., 1945 90 0 0 — N.Z. Refrigerating p.c., 1935 ,. 90 0 0 96 0 0 Booth Macdonald, 6£ p.c., 1932 .. 68 0 0 72 0 0 Banks— Adelaide 6 10 0 6 15 0 Aust. of Commerce 1 2 6 1 2 9 x\ustralasia 12 0 0 12 3 0 Commerce of Aust. (cum. div.) 1 1 2 1 1 3 Comm, of Sydney 19 15 0 19 17 6 E.S., and A 5 18 6 6 6 0 Do. (pref. cum. div.) 6 11 0 6 15 0 National of A/asia (£10 paid) .. .. 14 6 6 14 7 0 National of A 'asia (£5 paid) .. .. 7 0 0 7 0 6 National of New Zealand (cum. div.) 5 15 0 6 0 0 New South Wales 36 5 0 37 0 0 New Zealand .. .. — 2 17 8 Do. (“D” Mort. shares) 1 7 0 — Union of Aust. .. 11 5 0 11 10 0 Insurance— National 0 13 6 0 14 2 New Zealand (cum. div.) 2 7 0 2 7 3 South British .. .. 2 19 0 2 19 6 Standard — 3 0 0 Loan and Agency Dalgety and Co. .. 10 14 6 10 17 6 Goldsbrough Mort. 1 7 2 1 7 8 N.Z. Guarantee Corporation 0 7 10 0 8 1 United Building Society 0 15 3 0 15 9 Shipping— Huddart Parker .. — 1 18 3 Do. (pref.) 0 19 0 — New Zealand (6 per cent. cum. pref.) — 9 10 0 P. and O. Deferred Stock 2 0 2 6 0

Frozen Meat— Canterbury (.ord.) 5 10 0 7 0 0 Do. (pref.) 3 15 0 4 5 0 N.Z. Refrigerating (£1 paid* .. .. 0 10 0 0 11 3 N.Z. Refrigerating (10/- paid) 0 4 7 0 5 3 North Canterbury Freezing .. .. — 0 2 3 Wellington 0 5 0 — Woollens — Kaiapoi (17/- pd.) 0 12 0 0 13 0 Do. 7/- paid) .... 0 4 3 0 4 8 Coal— Westport 1 12 0 1 14 0 Stockton (ord.) .. 0 1 3 0 2 0 Gas— Ashburton 5 5 0 — Christchurch .. .. 1 5 9 1 6 0 Do. (10/- paid) .. 0 12 8 0 13 0 Timaru 1 1 4 — Breweries— New Zealand .. .. 2 9 6 2 9 7 Staples 2 4 6 2 6 0 Tooths 1 5 Ward 0 10 0 — Miscellaneous— Amalg’ted. Wireless (contr.) — 1 2 0 Beath and Co. 1 6 9 1 10 0 Do. (1/- paid) 0 6 0 0 7 0 Booth, Macdonald (pref.) 0 3 0 0 5 0 British Tobacco .. 1 16 7 1 16 11 Broken Hill Proprietary — 0 19 0 Burns, Philp .. .. — 1 14 3 Dunlop Perdriau Rubber 0 12 11 0 13 2 East African Coffee — 1 10 0 Electro Zinc (ord. cum. div.) .. .. 1 0 3 1 0 5 Do. (pref., cum. div.) 1 3 10 1 4 0 Holden’s Motors .. 0 9 9 0 10 1 Howard Smith — 0 17 0 Kauri Timber .... 0 13 6 0 14 0 Mt. Lyell 1 3 9 1 4 2 Do. ("rights’”) 0 2 4 0 2 8 N.Z. Drug Co 3 2 6 — N.Z. F a r m e r s’ Co.-op. (6i p.c. Stock, 1939) .. — 80 0 0 N.Z. F a r m e r s’ Fertiliser (cum. div.) — 1 1 1 N.Z. F a r m e r s’ Trading .. .. 7 10 0 — Taranaki Oil .... 0 1 6 — Mining— Kawarau 0 0 4 0 0 6 Mahakipawa .. .. 0 0 n 0 0 2 Okarito 0 6 6 0 6 10 Stoney Creek (6d paid) 0 0 5 0 0 6 Waihi Grand Junelion 0 2 0 — Waihi — 0 14 2 Winding Creek (Is paid) 0 0 1 — Do. (6d paid) — 0 0 3 Cornish Point (1/paid) 0 0 4 0 0 9