FARMING & COMMERCIAL

Dominion, Volume 13, Issue 178, 23 April 1920, Page 10

FARMING & COMMERCIAL

AUCTION SALES FORTHCOMING FIXTURES. TO-DAY. '.. The Hayuiarket, Auckland, 12 noon.—Sale of passenger coach (A. Bucliland and Sons). 157 Lambton Quay, 'Wellington, 2.30 p.m.— City and suburban property sale {Harcourt and Co.). 10 Marion Street. Wellington, 2.30 p.mSale of carrying plant (Wilson and Co.). Carterton Yards.-Sale of atud ahecp (Wairarapa Farmers'). TO-MORROW. Otaki Mart, 11 a.m.—Sale of furniture, produce, etc. (G. Ander6onj. Onawo (near Rongomai), 1 p.m.-Snlo of stock and implements (Levin and Co.). . Cathedral Square, Christchurch.-City property sale (Dalgcty and Co.). MONDAY. 69 Molcsworth Street. Wellington, 11 n.m.Sale of grocery stock (Thomas and Co.). Kendall's Road, Palmerston. North, R3O p.m.—Sale of stock and implements fMlgety and Co.). Shannon Yards, 1 p.m-Stock sale (Abraham and Williams). FARMERS' CO-OPERATIVE . SOCIETY TO BUILD FBEEZING-'WORKS. By Tolejraph—Press Association. Timaru, April 22. A proposal to form a. farmers' cooperative society to erect freezing works, for South Canterbury is veil -in hand. A prospectus will be. issued at an early date. Public notice to this effect is signed by Mr. T\ D. Burnett, M.P., as a director, and by Mr, P. A. Labatt, as organising secretary. LONDON WOOL SALES London, April 20. The merinos offered at the wool sales are mainly to Continental qualities, and prices are slightly harder. Scoured and ilno eorta are unchanged.. Crossbred! have a brisker sale. Realisations:—"Alawa," 126Jd.; "Borah," 80} d. to 76d.; "Bullenbong," 72d.; "W.L." over "5.," 70d—Aub.N.Z. Cable Asßn. Tho Department of Agriculture has received the following cablegram, dated April 20, from tho High Commissioner for . New. Zealand, Loudon:—"Twelfth series Government wool sales oommenced yesterday, with fair attendance buyers and moderate competition. On this occasion large proportion offering consists of New Zealand crossbreds. Compared with last closing rates, merinos 5 per cent, to 10 per cent, cheaper; crosßbrcds, fine, par ts 10 per cent, cheaper; medium and coarse, 5 per cent, to 10 per cent, cheaper, according to condition; 150,000 bales shown woolb available for series, of which. 61,000 are New Zealand;, also 43,000 New Zealand on description."' " " ' ''. ' The' Rank of New Zealand has received the following cablegram, dated April 20, from its London office:—"The sales, have opened with moderate competition, and fair attendance of buyers. The market shows no change for fine crossbred. Others aro 5 to 10 per cent, cheaper." COMMERCIAL ITEMS INVESTMENT SHARES. ' A salo of Nntional Mortgage (London Register) at £6 was reported yesterday, •and three sales of N.Z. Refrigerating (10s. paid) at 295. waß made on 'Change. The quotations were as follow:— Buyers. Seller;. £ s. d. £ s. A. Inscribed Stock •• 9510 0 - •5 p.c. Inscribed Stock, 1929, 1927 SB 0 0 ? - Bank Australasia, - "J « J National Bank - » Bank N.S.W.-.v.... « » : 0. 36 5 0 Bank N.Z. (old issue] ['... 22 50' Bank N.Z. (new iSßue) ... 22 10 0 - Union Bank a... 13 16 6 - Goldsbrough Mort - 210 6 Equitable Building - Well. Investment 010 6 01010 Well. Depoßit •" . ~ . National Innurance - «"" « N.Z. Inßurnnco 112 o — S. British Insurance 9 U 6 - Refrigerating (£1) ~-,■■■■ f 10. 9. - Refrigerating (10s.) ......... 19 0 19 3 Meat' Export (£3 12s. 6d.) 5 2 6 - Huddart-Parker (ord.) ... — !■ " « Huddart-Parker (pref.) ... 1 0 J - U.S.S. Co. (pref.) 1 \\ ■ ■ ~ P. and O. Def. Stock... 500 0 0 Well. Woollen (£4 105.)... 9 15 0 - Hikurangi Coal 0 17 0 - Woßtport Coal ■••• IJJ ? :" 9 Westport-Stockton (pref.) 010 o • ~ . Waipa Colliery ................ 016 0 •Leyland-O'Bnen Timber 111 0 - Tariiigamutu-TotaTa 14 0 — Kirkcaldie and Stains ■ Ltd. (pref.) \l\ ~ N.Z. Drug J7b - Parenga Oils \\\ H° ° Scoullar and Co. ;... \\\ ~. Sharland and Co. 1 B 6 - Wairarapa Farmers 10 0 — ■Ward and Co - } J " Well. Cordage - J., 1 J Wilson. Cement - 0 w «. DEPOSIT, MORTGAGE, AND BUILDING ASSOCIATION. Tho annual report of the Wellington Deposit, Mortgage, and Building Association, Limited, states i-The net profit on tho year's business is £1762 11b. 2d., which added to '£347 Is. 9d brought forward from last year, mak.& a total of £2109 12b Ud Tho directors recommend that this sum be applied as follows :-The payment of a dividend for the year at the rate of 6 per centum per annum, which will absorb £I£CO, a sum of £200 to bo placed to tbo reserve account (which will then stand at £3000), and the balance, £409 12s lid., to be carried forward to rext year's account. During the year a further sum of £500 was subscribed, to the New Zealand War Loan. Two directors, Messrs. O. Smith and W. Watson retire, and, being eligible, offer themselves for roelection. CUSTOMS REVENUE. Customs revenue collected at the port of Wellington yesterday amounted to £7530 6s. Bd. CITY OP MELBOURNE LOAN. Australian-New Zealand Cable Association. London, April 20. The Commonwealth Bank has announced that of the City of Melbourne 4i per cent. bondß, £450,000 will be repaid on May 1. POOR DEMAND FOR TALLOW.(Roc. April 22, 5.5 p.m.) London, April.2l.•'. Owing to the poor demand tho tallow, sales were not held. P. AND O. DIVIDEND. i (Rcc. April 22, 5.5 p.m.) London, April 21. The P. and O. (Deferred) havo declared a dividend of-12 per cent., froo of tax. : AUSTRALIAN PRODUCE MARKET. (By Telegraph-Press Association-Copyright (Rcc. April 22, 11.5 p.m.) Sydney, April 22. Oats, Algerian feeding, 6s.' lOd. to 6s. per bushel'; milling, 6s. Id. to 6b. 2d.; Tasinanian, 6s. Id. to 6s. 3d.; maize, 9b. 6d.; potatoes, Tasmanian, £13 to £14 per ton; onions. £14 to £15. Adolaldo, April 22. Oats, ss. 6d. to ss. 7d. per bushel. WINING NEWS ■ WELLINGTON SHARE MARKET. Tho quotations for raining shares yosterday wcro a 6 under iBuyers. Sellorj. ' " £6. d. ' £ s. d. Big River 115 6 — Progress .....,..;•..................... — .0 2-6, Talisman 0 8 3 — , Waihi 2 3 0 2 3 9 STOCK EXCHANGE. By Telegraph—Preps Association Auokland, April 22. Sales.—New Zealand Refrigerating, 295.; New Zealand Inscribed Stock (1938), £96. Chrlstchurcli, April 22. Sale reported—National Bank, £6 '9s. Dunodln, April 22. 1 Salos—Waihi Grand Junction, Us, 3d.; - nuddnrt-Parker, 57b.; Westport Coal, 325. 9d. (live); New Zealand Refrigerating ' (cont.), 28s. 9d.; New Zealand Drugs mow), , 275. (p.). J LONDON STOCK EXCHANGE. , Australian-New Zealand Oablo Association. ' . London, April 20. r The Budget only slightly affected the Stock Exohango, though tho increase in the excess profits tax. which came as a complete surprise, caused many of the •« industrial propositions to open weak. They j partially recovered later on. Broken Hills, buyers 625. 3d., sellers 625. r 9d.; Block 10, buyers 255.; North Broken j. Hill, buyers 575. 6d., Boilers 575. 9d.; Ivan- Jj hoe, 363. 10d,; Hampton, buyers 3ts, 9d„ \ sellers 325. 6d.; P. and O. (deferred), buyers £490, sellers £510. j Bank of Australasia £1211; Bank of New - South Waleß, £32 10b.; Union Dank, £13 S 2s. 6d.; Bank of New Zealand Guaranteed 1 Stock, £75 10b., and .(£3 6s. Bd.), £20; New Zealand Loan, £61 10s t and' £103. I S