COMMERCIAL

Timaru Herald, Volume CXXV, Issue 18635, 2 August 1930, Page 3

COMMERCIAL

I LONDON PRODUCE MARKET. j United Press Association—By Electric Telegraph—Copyright LONDON. July 31. | Butter. Danish, slightly easier; ' ethers steady; choicest salted New' I Zealand 136 to 140.'-: Australian 134/to 136/-; unsalted New Zealand 146/to 150/-; Australian 136 - to 138. -. Cheese is steady; New' Zealand white, 78to 79/-; coloured 81/- to 82/-. Australian is . . jmporarily cleared.

AUSTRALIAN MARKETS. United Press Association—By Electric Teiegrapli—Copyright MELBOURNE. August 1. Market quotations are:— Wheat, nominal 4/0i bushel. Flour, £ll to £ll/5/- ton. Bran and pollard, £7/5/- ton. Oats, 3/3 bushel. Barley (English). 3/4 to 3/7 bushel Maize, 5/9 to 5/10 bushel.

WHEAT QUOTATIONS. United Press Associetion—By Electric Telegraph—Copyright NEW YORK. July 31. Chicago w'heat quotations are:— July 84it cents a bushel; September. 86 5-8 cents; December 921 cents; March 963 cents.

j GRAIN, SEEDS AND ROOTS. POTATO MARKET RELAPSES. By Telegraph—Press Association CHRISTCHURCH, August 1. The potato market, which received a fillip early in the w'eek, has suffered a slight relapse. To-day tubers for prompt delivery are quoted at from £4/15 - to £4/17 6. f.0.b.,5.i., for August at £5 a ton, and for September at £5/2/6. Nearly all the activities of the market during the past few weeks has been in “paper” potatoes. There have been very few potatoes bought from the grov.'er for August. The grower is a very firm holder. There is a fair inquiry from Auckland and : other parts, but it is much below the | volume usual at this period of the j year. j There has been a fairly keen con--1 sumption demand for oats during the ! past few days. Southern quotations ! are 3 10, f.0.b.,5.i., for A. grade Gartons, and 3 9 for Bs. Local B. Gartons have sold at 4/-, f.0.b.,5.i., and A’s. at 4/1. Chaff for prompt delivery has been sold at £7 to £7 2/6, f.0.b.,5.i., equivalent to £5/7/6 to £5/10/-, on trucks. A few odd lines are offering, and best quality lines can command up to £4, on trucks. There is still a little business being done in next season’s wheat, on the basis of 5/5 to 5/6 on trucks for Tuscan, according to station. Fowl wheat is firm, with the inquiry good at 6/- to 6/1, f.0.b.,5.e. Small seeds show' no change, and business is duller than at any corresponding period for some years.

DUNEDIN WEEK-END REPORT. BRAN AND POLLARD REDUCED. By Telegraph—Pr»ss Association DUNEDIN, August 1. The milling wheat market remains in an interesting condition. There W'ill be a change in the Pool prices this month, *d per bushel being added. This, however, does not affect the position in tne Otago district, as there has been a clean-up of all lines of milling wheat. Millers are working on their present stocks. Prices to farmers are nominally 5/9, sacks extra on trucks at country sidings, for Tuscan, and 6/- for Hunters. Although there is no marked increase in the distributing trade for fowl W'heat, prices are firm, with a tendency to go still higher. The prices of bran and pollard have been reduced by 10/- per ton as from July 29th. The weakening in the oats market is not now so apparent, and it w'ould seem that buyers of forward oats for July delivery have disposed of their stocks. Sales were made dow'n to 3/8 f.0.b.. s.i., but holders in Otago and Southland have been asking up to 3/11 for actual stocks. The demand for seed oats has not yet commenced, but farmers w'ill be paying attention to this matter very shortly. There are ample stored stocks of exceptionally good lines of oats for this purpose. This applies to Gartons. but of other varieties, such as Duns, black oats. Algerians. etc., there is a distinct shortage. There is no alteration in the chaff market. Until the recent break in the weather took place, there were indications that the arrivals w'ould be more plentiful. The values are from £5/10/- to £5/15/- per ton, sacks extra, ex trucks. There have been odd inquiries for shipment during the last w'eek or two, but several South Island ports have low'ered their prices for deliveries to the North Island. This makes it very difficult to sell from here, and the trade is developing into a local one. The demand for medium and poor chaff is steady, as local dairymen are buying to supplement their feed. The value of this quality is from £4 tp £5 per ton, sacks extra, ex store. Distributors of potatoes still complain that sales are on the small side. Buyers have no confidence in the market, and trade is confined to choice lines. These are selling at £5 to £5/5/-, sacks included, ex truck. The spring demand for seeds has not yet commenced, but during the week there has been good inquiry for both dogstail and browntop. The ryegrass market remains very, firm, with a distinct shortage in stocks.

CHRISTCHURCH STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. iSoeclal to thp ‘'TTerald.’’) CHRISTCHURCH, August 1. The following stock was quoted on ’Change to-day:—

Sales on ’Change: Commercial Bank of Australia (cum div.) 21/3; Bank of New South Wales £36/15/-; Staples Brew'ery 45/-; Tooths Brewery 28 10; Mount Lyell 23/6; Mahakipawa 2£d. Sales reported: New' Zealand Government 5h per cent. Bonds, 1938, £99/12/6; Commercial Bank of Australia (cum div.) 21/4; New Zealand Breweries 49 11 (2); Tooths Brew'ery 28/10; Union Bank £lO 16/-.

THE SHARE MARKET. By Telegraph—Press Association. AUCKLAND. August. 1. Sales on ’Change.—Commercial Bank of Australia. 21 4; Bank of N.Z.. 56/-; N.Z. Insurance. 44 '-, 45/-; N.Z. Breweries. 49 9; Colonial Sugar £37/12/6; Electrolytic Zinc (pref.) (late sale Thursday), 24 -; H.M. Arcade Theatre, 30/-; Kempthorne Prosser, 62/6; Mount Lyell (rights), 1/6. DUNEDIN. August 1. Sales on ’Change.—Paddy’s Point, 3/(2); Mount Lyell (rights), 19. Sale reported.—Mount Lyell (rights), 2/-.

N.Z. Government Debentures — 4 h p.c. Inscr., 1938 and 1939 . . . 99 10 0 — 4 h p.c. Bonds, 1930 4i p.c. Bonds, 1938 99 10 0 99 15 0 1939 and 1941 . 99 10 0 — 5i p.c. Inscr., 1941 — 96 15 0 5 k p.c. Bonds, 1936 99 0 0 — Other Debentures — Cambridge Electrie, 52 p.c., 1960 99 15 0 Devonport Borough, 52 p.c., 1953 _ 99 15 0 Christchurch Trams, 6i p.c., 1934 101 0 0 103 0 0

Glaxo. 6i p.c. 1945 90 0 0 93 0 0 N.Z. Refrigerating 6i p.c., 1935 . . — 95 0 0 Banks— Aust. of Comm. 1 1 9 1 2 0 Australasia .... 11 12 6 — Comm. of Aust. (cum div.) . . 1 1 2 1 1 3 Do. (pref.. cum div.) 6 10 0 Comm, of Sydney 19 15 0 20 0 0 E.S. and A. . . . 15 6 6 15 17 0 National of A, asia. (£5 paid) . . . — 7 0 0 Do. (£10 paid> . . 14 3 0 14 7 6 National of N.Z. . 5 13 6 5 16 0 New South Wales 36 10 0 36 15 0 New Zealand . . . 2 15 8 2 16 2 Do. (D. mort. sh.) 1 7 0 — Union of Aust. . . 10 15 6 10 16 0 Insurance— A.P.A 0 5 6 0 6 5 National 0 13 10 0 14 2 New Zealand (cum div.) 2 4 6 2 6 0 Queensland .... — 2 10 0 South British . . — 2 19 3 Standard — 3 0 0 Loan and Agency Dalgety and Co. . 10 1 9 10 10 0 Goldsbrough Mort 1 7 3 1 7 9 N.Z. Guarantee Corporation . . 0 7 9 0 8 0 Permanent Investment 10 1 0 10 5 0 United Building Society .... 0 15 0 0 16 0 Wright, Stephenson 1 2 0 Do. (pref.) .... — 0 15 2 Shipping— Union (pref.) . . 1 0 0 1 1 0 Frozen Meat — N.Z. Refrigerating (£1 paid) . . . 0 10 0 0 11 2 Do. (10/- paid) . . 0 4 8 0 5 0 Woollens — Kaiapoi (17/- pd). 0 10 10 0 12 6 Do. (7/- paid) . . 0 4 0 0 4 6 Coal— Westport - Stockton (ord.) . . . 0 1 0 0 2 0 Westport ..... 1 12 0 1 13 0 Christchurch (cum div.) 1 5 4 1 5 8 Do. (10 - paid) . 0 12 6 0 13 1 Timaru ...... 1 1 4 Breweries— New Zealand . . • 2 9 9 2 10 2 Staples 2 4 11 2 5 3 Timaru ..... — 0 14 0 Do. (5/- paid) . . 0 6 4 0 7 0 Tooheys ..... 0 18 9 0 19 6 Tooths 1 8 9 1 8 11 White Star .... — 0 14 0 Miscellaneous— Amalgamated Wireless (con.) — 1 1 0 Aust. Distillery — 1 1 0 Beath and Co. . . — 1 10 0 Beath and Co. (1, - paid) 0 6 3 0 7 0 British Tobacco . 1 17 5 1 17 7 Burns, Philp . . . 1 13 3 1 15 6 Canty. Saleyards 1 13 3 2 2 0 Colonial Sugar . . 37 7 6 38 2 6 Dunlop Perdriau Rubber .... 0 12 10 0 13 6 Electro Zinc (ord, cum div.) . . . 1 0 1 1 0 5 Electro Zinc (pref., cum div.). . . . 1 3 9 1 4 0 Holden’s Motors . 0 7 9 0 8 5 Kauri Timber . . — 0 13 6 Mount Lyell . . . 1 3 5 1 3 7 Do. (rights) . . . 0 1 8 0 2 0 N.Z. Drug Co. . . 3 3 0 3 5 3 N.Z. F a r m e r s’ Co-op. (Bpref.) — 2 10 0 N.Z. F a r m e r s’ Co-op. (6£ p.c. stock* 1939) . . — 83 0 0 Do. (6£ p.c. stock. 1940) 73 0 0 86 0 0 N.Z. Farmers’ Fertiliser 0 18 9 1 0 6 Quill. Morris . . . — 0 13 6 Taranaki Oil . . . 0 2 5 0 4 11 United Pictures . 1 0 3 1 12 6 Mining— Alexander .... — 0 11 0 Kawarau .... 0 0 4 — Okarito 0 6 9 0 7 0 Stoney Creek (6d paid) — 0 0 4i Winding Creek (1/paid) 0 0 1 0 0 6 Mahakipawa . . . 0 0 2 0 0 2£ Cornish Point (1/paid) 0 0 7 0 0 9 THE DAY’S BUSINESS.