COMMERCIAL

Timaru Herald, Volume CXXXVIII, Issue 19953, 10 November 1934, Page 6

COMMERCIAL

PRODUCE MARKETS DUNEDIN By Telegraph Press Association DUNEDIN. November 9. Little interest is being shown in the milling wheat market. In some districts sowing is still being carried on, but it is becoming late for these operations. The fowl wheat market remains steady, the current value being 3/9 a bushel sacks extra for wholesale lines. Small lots are selling at higher figures. Further shipments of oats have been sent away from Southland and this has decreased stocks held in the stores. Nevertheless there appears to be more than sufficient oats available for consumption in New Zealand. The present value for a A grade Gartons is 2/6 f.o.b. s.i. with B’s ruling at 2/3. Ruling offers in the country are 19 sacks extra on trucks for. A Gartons and 1/6 for B’s. Business in chaff is still confined to the sale of small lots ex the stores, and values remain unchanged at up to £4/5/- a ton sacks extra. Old potatoes of sound quality are arriving from surrounding districts and these are being placed at up to £3. The wholesale seeds market is very quiet. Some export business in ryegrass was done during the week but the prices realised show a reduction. Merchants prefer to sell rather than carry forward stocks to next season. It now appears that there will be ample stocks of ryegrass and further export business is required in order to work off the surplus. In other varieties there has been a scarcity of supplies. This refers more particularly to cocksfoot, brown top and chewings fescue, the market for which remains steady at the high values which have been ruling for some time. YESTERDAY’S SALES By Telegraph—Preap Association AUCKLAND. November 9. Sales on 'Change.—Rural Bonds 1947 5 per cent £lO3 15s, Stock 1949 4 per cent £lO9. City of Auckland 1944-49 41 per cent £lO5, Waitemata County 1949 5? per cent £lO5 10s. Amalgamated Brick (Auckland) 1944 11 per cent 16 -. Bank of New Zealand 50/-, Reserve Bank £6 12s 6d. South British 91 New Zealand Guarantee Corporation 5/6. Kaiapoi Woollen (con) 5 Bycroft 53/-. Wilson’s Cement 34 6. 34 8. 34 7. King Solomon 3 8 (2), Waihi 37/9 (2). Unofficial list—Auckland Trotting Club 1944 61 per cent £lO5 (2), K.D.V. Box 12/6. Leonora Central (2/- fully paid) 3/3. , WELLINGTON. November 9. Sales on ’Change.—Stock 4 per cent 1949 £lO9. N.Z. Refrigerating <lO/paid) 9/10 (2), Bruce Woollen 13 6. N.Z. Breweries 50/-, British Tobacco 41/10, 41/9. Colonial Sugar £74 7s 6d. DUNEDIN. November 9. Sale on ’Change—Nokomai 3/5. Sales reported.—Dominion Rubber £1 9s 6d, Bell Hooper 31d. 4d (2). SYDNEY STOCK EXCHANGE United Press Association—By Electric Telegraph—Copyright (Received November 9, 9 p.m.) SYDNEY, November 9. On the Stock Exchange there was a good inquiry for better class securities at recent levels, but holders were reserved, thereby restricting the turnover. Banking and gas shares had increased support. Sales: Bank of New South Wales, £33, 7 6; Commercial Bank of Sydney, £l7/15/-; National Bank (£lO paid), £l2/14/6; Adelaide Steam, 30 9; Associated News, 25/9; Australian Provincial Assurance, 10/10; Electrolytic Zinc, 25/11; Australian Gas A (New Zealand delivery), £B/2/6; General Industries, 13/9 (pref) 26/3; Berlei. 36/-; Anthony Hordern, 17/75 (pref), 27 6; Amalgamated Textiles. 12/9; Farmers, 26/9; Dunlop Perdriau, 20 3; Carlton Brewery. 50'-; David Jones. 41/6; Millaquin Sugar, 35/9; British Tobacco, 41/9; Broken Hill Proprietary. 51/-; Rawang. 7/10; Larut, 11/-; Commonwealth Bonds (all 4 per cent.), 1938, £lO7/1/3; 1941, £10876: 1944. £lO7/11 3; 1953, £112; 1957, £ll2/11/3; 1961, £lll/6/3. Melbourne sales.—Australian Iron and Steel (pref.), 23/3; Electrolytic Zinc. 25 6 (pref.), 36/-; South Broken Hill, 77/-.