REVIEW OF THE SHARE MARKET.
The number of sales recorded on the various Stock Exchanges shows a considerable falling off as compared with the past lew weeks, but prices remain fairly steady with an tip ward tendency in the ease of several stocks. In Government loans the market is firmer. The 4\ per cent. Stock due 1938 changed hands at £97 and £97 2s Gd, as against £97 last week and ' £97 and £9'J 15s a fortnight ago. and late buyers are n.noting £96 17s Od with holders asking £97 s=. Five per cent-. Office Loan Stock due, 1927. which sold at £OB and £35 5s Jn.st week, had recent demand at the latter figure without response. Five and a half per cent. Soldiers' Settlement Loan Bonds duo 1933, which were dealt in at £lOl last week, improved to business at £lOl 10s this week, and more are wanted st £lOl 7s 6d, but sellers are not (juoting. The stock in the same loan, which was placed, at £lOl 10s ar.d £lOl 7s 6d a fortnight ago, has demand at £lOl 7s Gd, but holders are reticent. N.Z. Breweries. 10 po ; - cent. Debentures were turned over at 22s and 2ls lid as compared with sales at the former figure last week. •Bank of Australasia shares had recorded turnover at £l4 10s as against last week's prices ranging from £l4 13s Gd to £l4 10s, and sellers aro now offering at £l4 13s, recent buyers at £l4 Bs.
Commercial of Australia ordinary* shares, which sold last week at 31s and a fortnight ago at 31s and 31s 3d, are now on offer at 30s 9d, buyers 9d lower. Recorded business in Commercial of Sydney shares at £24 17s Gd shows an advance of 5s on that last reported about a fortnight ago, and late sellers are asking £24 17s Gd, with buyers responding at £24. National of New Zealand shares, ■which changed hands at £6 lis and £6 lis Gd last week, are in demand cum a dividend and bonus amounting to 4s per share at £0 13s, holders 2s higher. New South Wales improved from business at £4l 10s last week to transactions this week at £4l 13s, £4l lis and £4l 10s, with further demand at £4l 9s 6d, sellers at £4l 10s Gd. _New Zealands at 575, 57s 2d, ar/d 57a 3d, show an upward tendency on last week's sales at 56s 9d and' 575, and more are wanted at 5Gs lOd, with declared sellers at 575. Union of Australia remain steady with turnover at £l4 15s 6d and late buyers are offering £l4. 15s without sellers responding. Victorias, which sold at £7 lis last week, have enquiry at £7 9s. sellers at £7 lis. ' , National Insurances Jumned from sales at 73s and 73s Gd last week to 76s 3d, 78s, 78s 3d. 78s 9d and 79s 6d this week,- with further demand at 78s 6d,'sellers Is 6d higher. . New Zealands changed hands at 34s '4d, which is on a par with last week's highest recorded sales. South British were on offer a day or, two ago at -50s, the figure at which business was done last week, but buyers are reticent. Standards were placed at 44s Gd, showing an advance of Gd on recorded
'turnover about a month ago. ■ ~GoMsbrough, Morts, ex the recent dividend and bonus, amountine to 2s per share, had several transactions at : 44s '9d, 44s 6d, 44s 8d and 455. as -•.' against those last week cum the dividend at 46s 9d, 47s 3d and 4"s. The shares, ._cum the. rights referred to elsewhere in these columns, wero , placed at 45s and 45s 3d. and the market closed with buyers at 45s Id, sellers ■Gd higher. The rights are sought at 7s 9d, with holders asking 10s. .National Mortgage shares remain unaltered with reported business at 76s GcL For the shares ex tho dividend unsupported sellers are asking 7os. New Zealand and River Plate shares ex-dividend were placed at 21s, last '.. recorded turnover a fortnight ago cum •'-. the dividend was at 21s Od. Huddart-Parker ordinary 6liares were V turned over at 455, as compared with _44s 6d and 45s last week, and more are available at 455, declared buyers Is lower. Tho preference issue, had. recent domand at 20s ikl without sponse.Union Steam preference shares were , placed at 20s with-subseouenfc- demand at 20s 3d,, no quoted sellers. 2vo. business has been recorded in Frozen Meat or "Woollen: Company shares. AVestport Coals changed hands at 29s 6d, an easing of 6d on last week, and vacfe are available at 31s 9d, buyers at 30s. * Christchurch Gas shares, which had " turnover last week at £'? 15s,'have en- ; quiry at £7 14s 9d, with sellers Is hitfbsr. . . '■• v. -For Crown-Brewery shares, which ~ were dealt in last week at 35s Gd, Duyers are offering 35s 9d without attracting a declared-seller. ~ Mannings, in> Vhich last recorded ;. turnover was at 37s 6d, are on offer at 36s 9d, with buyers Is lower. New Zealands remain unaltered wiSi business at 41s, and more are wanted at 40s 3d, with declared sellers at : . 41s 9d. Wards, which sold a fortnight ago at o9p and 5Ss 6d, are now available at 5Ss, with quoted buyers 2s lower. Wilson's Cements were ])laeed at 33s ?:.- and 33s 3d, as 'against last'week at 32s 9d and 335, and tho market closed ' with further buyers at 33s Id, sellers . <sd higher. Business in Kauri Timbers at 32s 3d is on a par with that last recorded, and late'unsupported sellers are asking "32s ,6d. ■ .'• Heath and Company shares are "' sought at 31s txl, with declared sel- , piers' at 33-, (3d, but iio business has been- lenorted for some weeks past. British Tobacco ordinary shares, ex a quaiterly dividend of 3 per cent., * changed hinds at 435, an easing of Is ssLon last' reported turnover cum the and more are wanted at 42s <6il. with quoted holders at 445. .Rubbers, which sold a fcnsfnight ago* 'at 33s and receded last t!jL*° 5 s nave since business at 345. 2. Recycled • business in EJeetrolvtic Ainc shares at 29s 3d, shows an advancbaf ls ou i asfc re noxted, about a nftntti ago. ? esa «#i:3>ru«f Company shares wSk ™ s s^ s 6d ' as mt last d *™ Fertiliser b£n S at 22s 9d;Laftijft 20sVa»H 20s, as compared with tfi uJ d i IrugHHrfron 22s 6dto&M 8 ? *** 22te 6d? • s ** down to K&narau Gold Mining sh,w, o
GENERAL MERCHANDISE. GROCERIES, ETC. The recent spell of wet -weather has caused business to be quiet, but with every prospect of fine weather a substantial improvement is confidently looked forwarl to. Factory butter is being sold retail in Christchurch in some shops at Is 3d a lb, this !>cii)£r cost price. Some suburban shops have followed fuit, whilMt others have maintained the !« lOd price—which ;s lhe correct retail, selling price based on the usual profit. Onions are rising in price, and at the Fame time the local-grown are goinjr off condition rapidly. Australian quotations are too high to-day to allow of importations but these will come in later, as soon as local prices have advanced a little. There have been a few enquiries this week for bulk dates. The local market is fairly well supplied, and present stocks -Bill have to last, until the new crop arrives in December. A'alues to arrive aro very aUracIr i- a very noticeable fact that as Christmas approaches, various lines advance in price; especially nuts, dates, figs, ground almonds, etc. The recent fall in the price of- oiimial should he followed by a corresponding drop in values ot' other oaten breakfast foods. When oatmeal advances these other lines generally advance in sympathy, and when n fall in oatmeal lakes place, it should herald lower vaiues for all other breakfast foods. The recent fall of £1 a ton in the price of sugar will not be operative until the arrival of the next parcel, due .very Sago and tapioca still maintain their price, and a higher market is anticipated. The new regulations under which all canned salmon must be lubelled with the specie of the tish, will produce some 'strange names when the new season's catch arrives in October. Pink, Cohoo and Sockeya are well known names, and under these labels certain other_ species- of salmon hare been markelcd. Now, however, the true name will have to be stated, and socio very unfamiliar labels will be tho result. The very low grades such as Humpbacks. Chums, etc., will henceforth, bear their true label.. Advices receives this week from London state that the canned fish (herrings) market is very firm and new season's catch is going to command good prices. Loral quotations to arrive havo hardened in sympathy, some houses.refusing to book at prices quoted last month. There is no doubt that landed costs aro likely to be higher than anticipated, and some houses aro not disposed to quote at all against arrival. The fall of i'l a ton in the price of. sugar docs not apply to syrup or treacle. NEW COMPANIES. Registration of the following new' companies is announced in this week's "Mercantile .Gazette":— Reliable Agencies, Ltd. Rcgd. as a private company June 17th, 1923. Office: 211 Cash el street, Christchurch. Capital: £2OOO into 2000 shares of £1 each. Subscribers: Christchurch—B." S. Smith' 1000, S. V. Turnbull. 375, R W. Dcighton 625. Objects: To purchase and take over as "a going concern the business of indent agents, etc., lately carried on by B. S. Smith and F. W. Dcighton as Reliable Indent Agency Co. . - - North Canterbury Forests, Ltd. - Regd. Juno 17th, 19-25. Office: 352 Hereford •street, Christchurch. Capital: £IO,OOO into" 10,000 shares of £1 each. "' Subscribers: Christchurch—A. Newson 400, J. S. Jones 300, D. C. Gebbio 500, G. Macdonald 400, A. C- Coburn 300, W. S. Mac Gibbon 500, R. Davis. 500, H. Kernahan .300, and .P., J. Amodeo. 400. Objects: To take up, purchase, lease, or 'otherwise acquire ouch lands in New Zealand suitable.for tree planting and to plant piniis radiata, eucalyptus, etc. • .
Joyland, Limited..- Regd; .as a- private company June 18th, 1923. ■ Office; 362 Manchester street, Christchurch. Capital: £3OOO into 3000 shares of <£l each.; Subscribers : Christchurch—F. Kibblewhite, W. W. Vaughan, J. Kermode? 352 -each,- J. Ainger. G. L. Cull, J. S.. Guthrie 331 each, A. Owlcs 304, D. F. Mann 235; Ashburton —W. Biinie 332. Objects:' To acquire by purchase land and buildings at New Brighton from liquidator of the Brighton Co-op. Picture Co:, Ltd., 'in liquidation, and to purchase and take over as a'going concern business of theatre proprietors .carried on as "Jovland Syndicate." Wellington .Suburban. Motor Bus Co., Ltd. Rcgd. as a private .company, June 25th, 1925. Office: Wakefield street, Wellington. Capital: £SOOO into 5000 «hares of £l,each. Subscribers:; Wellinfrton—Motor Distributors. Ltd.,- 1200; E. Bedford 450, W... G. McDonald 3350. Objects: To acquire and take ever as a going concern the business of carriers of passongers and goods by motorbus or otherwise in motor vehicles in arid around the City of Wellington, now carried on by Motor Distributors, Ltd., to undertake the conveyance of passengers and gocd3 by motor-bus or otherwise tfnd general, incidental. . »
FRUIT MARKET. CHRISTCHURCH. Owing to the tad weather' supplies of vegetables were very scarce this week, there being not sufficient to meet requirements. Consequently high, prices ruled. Thera.were plenty of apples available this,week, both locally-grown and Nelson-grown, . though most of the latter opened up in a rather bruised condition. Good lines of dl-ssert pears aro in short supply, and high i;riccs are being obtained for them. There was no boat from Sydney this week, so consequently no fresh shipment of citrus fruit can.e to band. The next shipment from Sydney is due about Thursday, and 1 on Tuesday a consignment of bananas and oranges from the Cook Islands is expected to arrito in Christchurch. Quotations are as follows: Apples, Kelson, per case, 6s to 8s; npples, local per case, 7s to 9s; apples, cooking, per case, 6s to 7s; oranges, Cook Island, per case, 21s; oranges, Sydney,. per case, 235; pears, cooking, per case, 4s to 6s; pears, dessert, per lb 3d to 4d; walnuts, per lb, Is 4d; beet, per doz. bundles, up to Is 3d; cabbages, per doz., up to 12s 6d; cauliflowers, per doz., up to 12s; carrots per do:.. Is Hi; celery, per bundle, up to lljd; leeks, per bundle", up to 6d; lettuce, per doz., up to 5s 4d: marrows, per doz., 2s to 3s; potatoes, per sugar bag. 2s to 2s 9d; onions, local, per HUgar bag. 4s to os; parnsips, per doz., up to -Is. 10d:- potatoes, per pack, 9b; pumpkins, per lb, id; radishes, per doz., Is 4d; spring onions, per doz.. up to IslOd; spinach, per doz., up to 33; ; swedes,--per sugar bag, Is 6d to is. . AUCKLAND. (mkcial to "ibx pans.") AUCKLAND. July. 3. During the week a ' small shipment of bananas was landed from Niuo Island, but their condition was not good.' Apples iave been in plentiful supply, and prices at the auction marts, have heen about tho, same as at last report., Delicious still top the market at prices ranging from Ss to 10a 6d per case. Stunners are also popular, soiling from 5s 6d to 3s 6d. Ballarats have been bringing from Js to 8s 6d. Doherly's 3s to 3s 6d, JTunros 4s Cd to 6s 6d, and Jonathan 4s to 6s. Hothouse tomatoes have made 4d to Is 3d per lb, outdoor 5s to 9s. per case, and tree tomatoes 3s 6d to 7s 'id per case. Other quotations are: Lemons (choice) to ISs. others ss.to 10s; Poorman or.inges 4s Od to 7s, bananas 18s to 21k per -ase, hothouse grapes 2s to 3s 7d per lb, passion fruit (local) 6s to 10s p«r case, mandarins 12s 6d to 14s per case, Navel oranges 15s to 16s 6d. grapes 21s to 225,. passions 15s to 16s. pines 20s to 245. DUXEDIX. (srrciAi. to "thk raxas.") ' DUXEDIX, J-nly 3. Sales of apples are on .the slow, side, and the majority of the fruit arriving.is not cf first-class quality. Latest wholesale prices are:—Apples, Jonathans 5s to 7s, Delicious 8s to 10s, cooking 4s to ss, extra, choice Gs; bananas, Fiji, green 18s to 20s, repacked, ripe 255; oranges, Tahiti 20s, repacks 255, Australian navels 225; mandarins, 20s to 225; passions, Australian 20s; pines, to 245: lemons, Sydney 18s to'2os per case; pears, best 3d to 3id per lb, others Id to 2d.
FIVE MONTHS' I BUSINESS. WHO GETS OUR TRADE? BRITAIN'S POOR STANDING. Exports for the month of May | amounted to £5.173,403. and imports to £3.930.480, leaving a balance, to tlie credit or the Dominion of £1.242,923. For the five months of the current calendar year compared -with last year, the position was ae follows: — Five months, rive months, 13:25. 1324. Kspor's ..« ri4.997~.Cir ?i1,810.r.47 Imports ... 21,J20,'J97 15.7d1.427 exports 13,777,340 12,046,920 Increase in trade, for 1925 over 1924 period, arc:— Exports. £4.187.290: imports. £12,453.870. Of the .total exnorts. 1925 period f£34.997.637;. Great Britain took £28.110,669 and all other parts of the Empire, £1.591,06i>. and the values <"? imports of New Zealand products by tho principal of those other parts of the Empire were :-Australia, £1.038.60-0; Canada. £231,693. Italy and France each took more than Canada, and the purchases hv Germany amounted to £1.455.344. 'and of the United States to £2,692.438. When it comes to import? the United Kingdom makes a very poor showing, as compared with purchases from New Zealand of goods originating in that country. British imports from Xi>«- Zealand 25.110,669 British, exports, to New Zealand .. 10,522,516 Balance against Mother Country ... . . .. 17,583,1»2 With regard to the Dominions and the United States they have the trade balance well in their favour, shown as follows': — Canada. £ Imports'from New Zealand t.- 2.11,631 Exports to New Zealand y, 3.752,038 In favour of Canada c. 1,520.347 Australia. Imports from New Zealand .». 1.038,606 Exports to New Zealand .. 2,142,319 In faTour of Australia .:.. 1,103,713 United States. Imports from New Zealand .. 2.692,438 | Exports to New Zealand ». 3,282,504 I In favour of United Stalei .. 590,066 If Germany's purchases —mainly wool —reached £1,455,344, the New Zealand imports from that country were valued at but £145,572, so that-the balance in favour of New Zealand as against Ger- | many, is £1.309.772. German sales to j..New" Zealand during the period in reI view were inferior to those of Belgium, .Sweden, Japan, and tho Dutch East Indies. GOLDSBOROUGH MORT AND COMPANY. NEW ISSUE OF SHARES. In the annual report of Goldsbrough, Morfc and Co., Ltd.,-a resume of which, appeared in the issuo of "Tho Press" on Juno 24th, it-was stated, that, to meet continued expansion'of business, tho directors proposed further to augment the company's financial resources by tho creation of 250,000. new shares, bringing the nominal capital to £1',750,000. ■ . Yesterday, tho following self explanatory .cablegram concerning tho. matter was received from Melbourne by the secretary of the Christchurch Stock Exchange: , "Directors resolved issue"2so,ooo new cno pound chares, to bo offered one for every sir held, disregarding fractions, to members registered July 20th, at 35s a share, payable as follows: 10s on or before September Ist, 103 oh or before September 30th, 10s on or before October 31st, 5s on or before November 30th. Applications close September Ist. Register closes July 20th. New 'shares rank for dividend for half-year ending March 31st rest. Salo rights allowd." NEW ZEALAND FARMERS' CO-OP. PREFERENCE SHARES. . At yesterday morning's call-over on the - Christchurch Stock Exchange it was announced that the Wellington Stock Exchange had passed a resolution supporting the Christchurch Exchange's protest against a proposal circulated, and since modified, that preference shareholders in tho New Zealand .Farmers' Co-operative Association of Canterbury, Ltd., should forego claims ,for accrued interest. ROTOITI TIMBER COMPANY. (BFICHI. TO "THB PMSS.") WELLINGTON, July 3. Tho balance-sheet of tho Rotoiti Timber Company for the year ended March 31st discloses a credit balance of £6479 lis sd, after, writing off £2930 for depreciation and £1412' 16s lid off nreliminary expenses. The sales for the year totalled £39,096. The directors propose the payment of a dividend of 6 .per cent., which will absorb £433G, and a balance of £1943 13s 9d is to be carried forward. In January last the capital of the company was increased to £IOO,OOO by the creation of additional; capital to. the amount, of £25,000. Of this 10.000 shares of £1 each' were offered- to shareholders at par, and were fully subscribed. The paid-up capital •of tho company is now £81,742, and the liabilities include Bank of New Zealand, special advance, £4999 12a lOd, mortgage and ' interest, being' balance of purchase money, £13,925 15s 4d, deposits and interest £lOl4 19s 2d, sundry, creditors £6352 17s 3d, bills payable £271 I.os 3d.
FEILDING STOCK SALE. (PHESS ASSOCIATION' TELEG3AM 1 FEILDING, July 3. At the Feilding- stock sale to-day -there waa a. fair yarding of sheep. .Lambs and the best "classes of ewes were in keen demand, and were quitted at prices well -up to lato rates. - Fat sheep (except very best quality) were not keenly sought after, several penß being passed in. A fairly large yarding of rattle came forward, including a line of good Jersey springing heifers, which aold at fairly satisfactory prices. - Fat cattle were hard' to quit, buyers standing off mainly on account of the bad weather conditions, and a number of pens were passed. Fat down lambs made 245, 6d to 275, others 25s 2d to 27s Id, light fat wethers 35s Id to 33a 4d, good heavy fat wethers 4Gs 3d. wether lambs 26s 3d to 27s 9d, fair mi.-:ed sex lambs 26s 9d. store lambs 17s to -223, ■ small-103'Gd to 16s 6d, rough ewes. 335. to 37s 7d, good four and five-year-old ewes ■ 475, vcry"fair fat and fenva-rd wethers 37s 3!d, cmofv ewes 17s 3d to 2-te 3d, fat steers £7 10s 6d. good' Polled Angus fat bullocks £lO ' fat' cows A' 7 10s to £B, high-grade Jersey' springing heifers £7 10s to £lO 15s, empty store cows £2 2s to i'2 2s 6d. DAIRY PRODUCE. (■Received July 3rd. 3.5 p.m.l LO.\"IXK\". July .7. Butter is firm. New Zealand choicest salted 3 88s to 190s: Australian JB4s to ISOs, untalted 6s to Ss premium: Danish, 1965. Cheese is very firm. Sew Zealand, 106s; Australian, 102s. Dalsety and Co.. Ltd.. have received the following cablegram . from their LoQdon office, dated July 2nd:— "Butter.—Market quiet, very little doin?. VTs quote New Zealand salted 1565.. for exceptional New Zealand brands 190s: finest. Australian salted 182s, unsalted 18Ss, Lanish 200 i. "Cheese. —Market firm. V, e New Zealand white 105s to 106s. coloured 104s to 105s, Canadian 100s to 1025." The New Zealnad Loan and Mercantile Agency Co.. Ltd., have received the following cablegram from London, under dato Ist inst.: — . "Butter: —New Zealand choicest ?alted 188s to 190s per cwt. New Zealand unsalted 194s to 196s per cwt. Market firm. "Cheese.—lo6s to IOSs per cwt. Market firm,'*
WOOL PRICES. STABILISATION SCHEME. SIR J. HIGGLNS'S PROPOSALS. SYDNEY, June 26. Since the slump in wool values at the ■beginning of the year, and still further a few -weeks ago, Australian woolgrowers have been much worried as to tho future of the industry. Various suggestions were made, and some acted upon, for the stabilisation of wool values, and various graziers' conferences and woolsellers' meetings have divided upon the question of a revival of Bawra. Before the latest of these conferences, in Melbourne, the Australian chairman of Bawra (Sir John Higgins) placed before woolgrowers a scheme for the stabilisation and regulation of -wool values.
Sir John's scheme is that the woolgiowers of Australia should form themselves voluntarily into an association, mutual in character, for the purposes indicated. The Association would acquire wool clips by appraisement methods and would direct the selling, by proper technical and collective methods of marketing, of the wool thus acquired. All receipts, less deductions and expenses, would be credited by the association and distributed. The collective realisation, is proposed as a means of ensuring greater protection to producers of assisting the general development of the wool industry. The capital proposed is £50,000,000," half in wool certificates, half in £i shares. The principal terms and conditions for the proposed system under which tho association would operate were set out as follows:—(1) Freedom of trade in wool within the Commonwealth shall be recognised; (2) in order to finance tho scnehio "at its initiation, the Commonwealth Government should guarantee the Association until sufficient capital lias been subscribed by its members; (,')) the Association shall be vested with authority by the Commonwealth Government to issuo licenses for export of all wool'; (4) the tables of limits for appraisement .should be based upon the statistical position of wool; (5) when tho statistical valuo had been estimated and a deduction to cover contingencies has been made, tables of limits for tho different kinds of wool should be prepared; (0) the tables of limits should bo bases only, first for appraisement, and secondly for the acquisition by the association of wool clips, the real price should be determined by-the Association on the actual disposal of the wool for each year; (7) tho -wool should bo appraised under the direction of the Association and after appraisement becomo the property of tho Association; (8) the settlement for tho wool should be on the basis of first payment 14 days after appraisement, second payment at closo of wool year, third payment (final, less deductions and expenses) when the wholo of the clip for tho particular wool year lias been sold; (9) a deduction of 2+ per cent, annually on account of wool certificates and 2-1 per cent, annually on account of shares should: bo mado to build up tho capital of the association by instalments over a series of years and as a means of creating an equalisation fund for the stabilisation of limits; (10) that shares should not bo negotiable or transferable, except to members of the association or bona fide woolgrowers. Tho Graziers' Federal Council met at tho end of the conference, and discussed future action in connexion with the scheme.. All, bodies represented at the conference will meet again for_ consideration 'of the position, but it is unlikely that anything will.be do'no until the-scheme has received the consideration of all the interests concerned.. This is expected to take some weeks.
STEAMER TRANSPORT. FASTER SERVICE URGED. (SPECIAL-TO "THE PBE6S.") •WELLINGTON, July 3. The need for a quicker steamer transport service between New Zealand and England was referred to by the Hon. Sir Thomas Mackenzie* in the Legislative Council to-day. He urged business men and others to make representations for speedier communication. "We-have had no improvement; in our steamer communication with the Old Countrv for over forty years," said Sir Thomas.' "It was a six weeks' service forty years ago, and it is practically, with* very few exceptions, a six; weeks' service to-day." .Sir Thomas said that if it was possible to land produce in England in thirty days it would react to the benefit of. the' Dominion. It was quite time that the produce interests in New Zealand got together with the view of obtaining an improvement. He had discussed the matter with ■ shipping people in England, but they had pointed out that the exporters in New Zealand did not seem to «are how long their produce took en route, so long as they got it carried. PRICE OF BUTTER. 'Although ths wholesale price of best factory butter is Is Sd per lb to all storekeepers, there is not tho same unanimity regarding the retail price. It is usual for retailers to make a profit on such butter of 2d per lb, and accordingly most storekeepers raised the line to Is lOd per lb. A number of suburban storekeepers, however, decided not to fall in line with their competitors, with the result that their customers were served at ls-9d. Not to be outdone, a City storekeeper took another penny off, and proceeded to sell at Is Sri," the'price at which he bought it. other business people following his example. The lower grades of butter hf.ve been similarly affected, seconds selling at Is 7d, and senarator at la (3d. DEARER MEAT AND EGGS. The Government Statistician reports that the retail price index (Dominion weighted average) for the three food groups (groceries, dairy produce, and meat) as at May 15th, was 1603. involving a slight increase showing a retail price level, as compared with the corresponding index for the preceding month, and ..30.3 per cent, above that, for July, 1014. The index number oi the groceries group has fallen since April, from 1730 to 1708, mainly owing to decreases in the prices of potatoes', flour, and sugar in eome major towns. The usual seasonal.increase in the price of egss hr.s been ili& main factor responsible for the increase of G2 points recorded in the dairy products grout). Increases in tho prices* of beef cuts in. several towns have caused a rise of 13 points in the meat group. THE PROPERTY MARKET. Jtrs G. Osborn's property, situate Xo. 63 TwccJ street, Kiehmond, which was submitted at auctinn by W. K. Sim<\s and Co., and passed in, was told a/tcr the c-alo to Hi J. McDowell lor £BOO,
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Press, Volume LXI, Issue 18425, 4 July 1925, Page 10
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4,531REVIEW OF THE SHARE MARKET. Press, Volume LXI, Issue 18425, 4 July 1925, Page 10
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