COMMERCIAL

Timaru Herald, Volume CXXXVII, Issue 19523, 24 June 1933, Page 18

COMMERCIAL

DUNEDIN REPORT. WHEAT MARKET QUIET. By Telegraph—Press Association DUNEDIN, June 23. The milling wheat market continues very quiet. The bulk of the wheat in Otago district has been marketed, and only an occasional sample is now on offer. Lines not being taken by millers are being put into stores on account of the Wheat Purchase Board. It is not expected, however, that the total quantity of Otago wheat to be thus dealt with will exceed 5000 sacks. For June prices to growers are 3/6 f.o.b. at growers’ nearest port for Tuscan, 3/8 for Hunters, and 3/10 for Velvet.

Fowl Wheat. The fowl wheat market is quieter. Shipping demand has eased a little in Canterbury, and good whole lines are offering there at 3/5 f.0.b.. sacks extra. Values locally range from 3/6 to 3/9, sacks extra, ex store. Oats Weaker. The oat market is weaker, the higher values obtained at the beginning of the month not being maintained. From Bluff, A’s are on offer at 2/3i f.o.b. c.i. From this port 2 6. and from Canterbury 2/8. The North Island demand is poor, and practically no oats are being shipped from this port. Values in the country are on a basis of 1/6 to 1/7 on trucks, sacks extra, 'for A’s, with B's quoted at 4d per bushel less. Canterbury merchants are still offering chaff to the local market, where values range from £3 10s to £4 per ton sacks extra, ex truck. Potato Values Fluctuate. The potato market is fluctuating, and there is a weaker tendency. At the beginning of the week shipping values were firm, consequent on a further order of 1000 tons being received from South America. Prices advanced to £4 10s f.0.b., s.i., for “prompt” delivery, but these have not been maintained. The local value to-day is about £4 sacks included, ex store, for best quality. Badly graded or earthy potatoes are difficult to sell. Small Seeds. Although the seed markets remain firm, there is now a lull in buying. This is usual at this time of the year, as merchants wait for the spring demand before stocking up. Indications point to a fairly heavy sowing out, and prices for all lines, particularly cocksfoot, while clover, cowgrass, and dogstail are firm. There have been export inquiries for some lines, and it is thought in some quarters that there may be a shortage in these particular seeds. Fruit Report. A better tone exists for choice quality dessert apples. Poor grade are offering at low rates. A shipment of Fiji bananas is expected next week. New Zealand grown lemons and Poorman oranges are now in full supply. Twenty cases of Hawaiian pineapples arrived during the week, the first shipment of Hawaiian pines which has reached this market for many years. The embargo on the importation of Australian citrus fruit has no doubt prompted the importation of Hawaiian pines. Prices to retailers are very high, running into over 2/- per pine. Small quantities of Christchurch and locally grown hothouse tomatoes are still on offer.

GRAIN AND PRODUCE. VARIATIONS IN POTATO MARKET. By Telegraph—Press Association CHRISTCHURCH, June 23. There was a spurt in the potato market- during mid-week, due principally to operators calling for June deliveries, but matters have quietened since. Quotations to-day for whites are £4/15/f.0.b.5.i., but buyers are few at this figure. The equivalent on trucks is £3 10/- to £3/12/6. Dakotas appear to be very scarce, as £5/15 - f.o.b.s.i. is being quoted, and the market is very firm There is very little disposition on the part of traders to deal in forward deliver' es. Reports of crops continue to be variable, but generally the yields are turning out lower than was expected. The later crops which met with the worst effects of the drought, are most affected. Oats show little change, and the demand is small. A Gartons are worth 2/7i, f.0.b.5.i., Lyttelton, and B's 2/3. Chaff is being inquired for to very little extent, considering the advance of winter. It is quoted at £2 to £2/2/6 a ton on trucks, or £3/10/- f.o.b.s.i. Partridge peas are quiet. Nominal quotations are 4 9 f.o.b.s.i. for A grade. The Home inquiry is small. Fowl feed is worth up to 3 6 f.o.b^.e. BRADFORD MARKET FIRM. United Press Association—By Electric Telegraph - Oopyrigh t LONDON. June 22. Bradford is firm: 70's 28d. 64’s 27d, 60’s 26d, 56’s 19id, 50’s 14d, 46’s 10-id. 40 s 9UI. LONDON PRODUCE MARKET. United Press Association—By Electric. Telegraph—copyright (Received June 23, 5.5 p.m.) LONDON, June 22. Butter is slow: Danish 90 - to 92'-; choicest salted New Zealand 79/- to 80,'-; Australian 77/- to 78/-; unsalted is selling at 4 - premium. Cheese is dull. New Zealand white 47. -, coloured 52 - to 53/-; Australian 45/- to 49'6. | SYDNEY STOCK EXCHANGE. SLIGHT FLUCTUATION RECORDED United Press Association—By Electric Telegraph—Copyright (Received June 23. 8.40 p.m.) SYDNEY’. June 23. I On the Stock Exchange, the fluctuations, within narrow limits, indicated a generally healthy tone. Buyers continued to display confidence, wh le sellers here and there tvere willing to grant concessions on late advanced rates Bank of New South Wales. £3l/17/6. Commercial Bank of Sydney, £l7/3'-: Colonial Sugar. £47 5 -; Australian Glass. 49 6; Associated News. 8 11, pref., 19 li; Anthony Hordern. 10/-; Gordon and Gotch. 34 3; Gold-brough 27 3; Dunlop Perdriau, pref.. 34/-. Greater J. D. Williams. C 6; Morris and Hedstrom. 17 5: Britisli Tobacco. 35 -; Tooths, 38 Toohey's, 24/-; Henry Jones, 38 -; Wilcox and Mofflin, 76; Standard Cement, 13 6; Broken Hill Proprietary. 34/1 i; North Brokens, 84 Melbourne Sales.— Goldsbroughs, 27 3; Dunlop Perdriau, 18 9; Herald and Weekly T:mes, 52 2; Electrolytic Zinc, 20. 6; Huddart Parker. 31 3; South Brokens. 56/-.

CHRISTCHURCH STOCK EXCHANGE.

LATEST QUOTATIONS. Special to ** The Herald ” CHRISTCHURCH, June 23. When the Stock Exchange closed after the afternoon call, quotations were as follow:

Government, 4 p.c. Inscribed 1946, £IOO/10/-; National Bank of Australasia (£5 paid), £6 6/6. £6/6/-; National Bank of New Zealand (cum div.), £3/17/6; Union Bank of Australia, £8 10/-, £B'lo/6; New Zealand Insurance, 49/9; New Zealand Breweries (cum div.), 34/1, 34/-; Staples Brewery, 27/-; Anthony Hordern, 9/10; Mt. Lyell, 22/4; Golden Sands, 3/-; Nokomai, 4/- (4); Okarito, 10/- (2); Alexander (13/6 paid), 14/-; Cornish Point, 2Ad; Golden Point, Id; Commercial Bank, 16/5; Commercial Bank of Sydney, £l7; Bank of New Zealand (cum div.), 47/9; Goldsbrough Mort., 26 11; New Zealand Refrigerating <lO/- paid). 6/-. Sales Reported.—New Zealand Government 4 per cent. Inscribed 1955, £IOO/10/-; National Insurance. 17/-; New Zealand Insurance, 49/9; Mt. Lyell 22/s*.

VICTORIAN MARKET. United Press Association—By Electric Telegraph—Copj-right MELBOURNE. June 23. Wheat, 3/2. Flour, £B/10/-; bran and pollard. £4/15 -. Oats, 2 3 to 2 4. Barley, English, 2 5 to 2/6. Maize, 5/-. , Onions are dull. Brown Spanish £3 to £3/15/-, Globes £l/10/- to £2. THE SHARE MARKET. By Telegraph—Press Association DUNEDIN, June 23. on ’Change: Dominion Fertilisers, 13/- (3). AUCKLAND. June 22. Sales on ’Change: Stock (1940), 4 per cent., £IOO 10/-; stock (1946>, 4 per cent., £IOO 10/-; Commercial Bank of Australia. 16/5, 16/4; National Bank of New Zealand. £3/16/6, £3/18/-; Bank of New Zealand (ex div.), 47/6; Union Bank. £B/11 -; New Zealand Insurance, 50'-, 49 9; Auckland Gas, 23/5, 23/4; Devon port Ferry, 20/-; New Zealand Breweries, 33 11; Staples Brewery, 27 1; Bycroft Ltd., 37/-; Colonial Sugar. £56 7 6 <2); Farmers’ Trading. 2/6; Farmers Fertiliser, 15/8; New Zealand Paper Mills, 27/-; Wilson’s Cement, 32 6; Alexander, 13 6, 14 Goldconda. 9d (2), 9l*d; Waihi, 22 - <2>. Unofficial: Claude Neon Lights, 26/-.

Buyers Sellers £ s. d. £ s. d. N.Z. Govt. Debs.— 3£| p.c. Inscr, 193843 99 15 0 — 4 p.c. Inscr, 1940 . 100 12 6 — 4 p.c. Inscr., 1946 . 100 7 6 100 15 0 4 p.c. Inscr., 1949 . — 100 15 0 4 p.c. Inscr, 1955 . 100 15 0 4 p.c. Bonds, 1940 . 101 0 0 — 4 p.c. Bonds, 1946 . 100 15 0 — 4 p.c. Bonds, 1949 . 100 15 0 — 4 p.c. Bonds, 1955 . 100 15 0 — Other Debs.— Glaxo, 65 p.c. 1945 100 0 0 102 10 0 Booth Macdonald, 65 p.c., 1937 . . 39 0 0 — Gisborne Sheep., 63 p.c., 1941 . , 75 0 0 — Banks— Adelaide ..... 5 0 0 6 5 0 Comm, -of Aust. . . 0 16 4 0 16 6 Comm, of Aust. (pref.) 8 16 0 8 19 0 Comm, of Sydney 17 0 0 17 1 0 E., S. and A. . . . 5 0 0 5 0 6 National of A/asia (£10 paid) . . . 12 7 6 12 15 6 National of A/asia (£5 paid) . . . 6 4 9 6 6 0 National of N.Z. (cum div.) . . . 3 17 6 3 18 6 New South Wales 31 15 0 31 17 6 New Zealand (cum div.) 2 7 9 2 8 0 Union of Aust. . . 8 10 6 8 12 6 Insurance— A.P.A — 0 10 3 National 0 16 u 0 17 0 New Zealand . . . 2 9 6 2 9 9 Queensland .... — 2 12 0 Standard 2 10 0 — Loan & Agency— Ch.Ch. Building Society .... 10 2 6 — Dalgety and Co. . 9 8 0 9 10 6 Ooldsbrough Mort. (cum div.) . . . 1 6 .0 1 6 11 N. Z. Guarantee Corporation . . 0 5 6 — United Building Society .... 0 17 0 0 17 3 Shipping— Huddart Parker . . 1 10 0 1 10 9 Frozen Meat— Canterbury . . . 7 10 0 9 0 0 Canterbury (pref.) 5 3 0 — N.Z. Refrigerating (£1 paid) . . . 0 14 8 0 15 0 N.Z. Refrigerating (10/- paid) . . 0 5 u 0 6 0 North Canterbury Freezing .... 0 5 0 Woollens— Kaiapoi (17/- pd.) 0 6 3 0 7 0 Kaiapoi (pref.) 0 11 0 — Mosgiel 8 1 0 — Wellington (ord.) 5 0 0 Coal— Westport 0 12 3 0 13 3Gas— Christchurch . . . 1 6 7 1 6 9 Christchurch (10/paid) 0 12 6 0 13 0 Timaru “ 1 1 0 Breweries— New Zealand (cum div.) 1 13 10 1 14 4 Staples 1 7 0 1 10 0 Timaru 0 5 0 0 7 6 Timaru (7/6 paid) 0 3 5 0 3 10 Tooths 1 16 9 1 17 6 Miscellaneous— Australasian Paper and Pulp . . . — 1 13 0 Anthony Hordern 0 9 6 0 10 6 Amalgamated Wireless 1 12 0 — Amalgamated Wireless (cont.) 1 2 3 1 3 0 Aust. Distillery . . — 1 0 0 Beath and Co. . . 1 6 6 1 10 0 Beath and Co. (1 - paid) . . . 0 5 0 0 5 6 Beath and Co. (pref.) 1 0 6 1 5 0 British Tobacco (cum div.) . . . 1 14 2 1 14 9 Broken Hill Proprietary . . 1 13 4 1 13 11 Burns Philp . . . 2 10 3 2 11 6 Brown Ewing (ord) — 0 11 0 Colonial Sugar . . 56 10 0 56 17 6 D.I.C. lord.' . . . 0 10 6 0 11 9 Dominion F e r - tiliser 0 10 6 0 11 9 Dominion F e r - tiliser 0 13 4 0 13 n Dunlop Rubber 0 18 5 0 18 7 Electrolytic Zinc (ord.) 0 19 10 1 0 6 Electrolytic Zinc (pref.) 1 11 2 1 11 6 Gordon and Gotch 1 13 9 1 14 6 Henry Jones Co-op 1 16 9 1 17 8 Howard Smith . . 0 9 9 0 10 3 Hume Pipe (Aust.) 0 12 6 1 0 0 Kauri Timber . . 0 12 0 0 18 0 Mark Fov .... 0 7 0 1 0 0 New Colosseum 1 10 0 2 2 6 Milburn Lime . . 1 8 0 — Mt, Lyell .... 1 1 10 1 2 3 N.Z. Drug Co. . . 3 3 6 3 4 6 N.Z. Farmers’ Co-op 4-1- p.c. Stock. 1940 . . 56 10 0 70 0 0 N.Z. Farmer s’ Co-op 45 p.c. Stock. 1945 . . 56 10 0 70 0 0 N.Z. Farmers’ Fertiliser . . . 0 14 10 0 16 6 N.Z. Newspapers . 1 5 9 1 10 0 Northern Roller Milling 1 6 9 — Victoria Nvanza Sugar 0 15 0 0 18 6 i Whitcombe and Tombs 3 0 3 3 3 3 Wilson’s Cement . 1 12 3 1 13 0 Woolworths (N.Z.) pref 1 16 6 — j Woolworths Sydney (new £1 paid, pref. i 1 4 7 1 5 3 Woolworths Sydney (new 10 - paid. pref.) 0 14 0 — Zealandia Soap . . 0 6 0 0 12 6 Mining— Alexander (13 6 paid) ..... 0 14 3 0 14 11 s Big River .... 0 1 2 0 1 o Blackwater (cum div.) 1 3 3 1 3 9 Central Sliotover 9d paid' . . . 0 1 0 0 1 1 | Cornish Point . . 0 0 23 0 o 35 Freshford 0 0 11 0 1 03 Gillespie’s Beach (Pd paid) . . 0 1 3 0 1 63 Golconda (6d paid) 0 0 9 0 0 10 Golden Dawn . . 0 1 5 0 1 9 ; Golden Point . 0 0 0 0 0 1 Golden Sands . - 0 3 0 0 3 1 i Kildare 0 2 2 0 2 6 King Solomon . . 0 1 11 0 2 2 Lawson’s Flat (1 - paidi 0 1 G 0 1 < Mahakipawa . . . 0 0 1 0 0 2 : M a h a k i p a w a (pref.) 0 0 2 0 0 43 Nokomai 0 3 lli 0 4 0 Okarito ..... 0 9 lii o 10 1 ; Waihi 1 1 9 1 2 0 W aihi Grand « Junction . . . . 0 3 3 0 3 4 1 Waitahu (4 6 paid) 0 6 11 0 7 4 Mount Coolon . . . 0 16 3 0 17 3 The Day’s Sales. j Sales on 'Change. —New Zealand