LATE COMMERCIAL

Evening Star, Issue 22447, 18 September 1936, Page 12

LATE COMMERCIAL

FRUIT AND PRODUCE. MARKET REPORT. Good business has been experienced on the local fruit and produce market during the week. First-grade dessert and cooking apples are in demand, and values have firmed. Increased consignments of dessert pears have come to hand ex coo 1! stores and are realising fair values. Heavy supplies of spring flowers, such as narcissi, ranunculas, a’nemones, and boronia, are arriving and netting fair values. Fresh vegetables are in demand. Cauliflowers are still short of requirements, and values have firmed. Supplies of lettuce and rhubarb are much more plentiful. Onions are still most difficult to sell, but carrots and parsnips have firmed in price with a good inquiry. Seed potatoes have been meeting satisfactory sales. The market is bare of oranges, a further shipment being due about the end of September. . Queensland pineapples have been in over-supply, and values have dropped. Ripe bananas are selling well. Shipments of Tongan and Samoan fruit ex the Matua came to hand' during the week. Transhipments received include Californian lemons, grapefruit, and grapes, as well as a small line of Raratongan-tomatoes. Only small consignments of whitebait are coming to hand, and values remain firm. Eggs remain at Is to Is Id a dozen. There was a heavy yarding of birds for Reilly’s Wednesday’s poultry sale, prices all round being slightly lower than last week. GUARANTEE CORPORATION DIVIDEND. [Per United Press Association.] WELLINGTON, September 18. The Board of Directors of the New Zealand Guarantee Corporation Ltd. has advised the Stock Exchange Association of New Zealand that at the annual meeting a final divided of 2d per share will be recommended, making 3Jd for the year. MOUNT LYELL SHARES. Press Association —By Telegraph—Copyright LONDON, September 17. (Received September 18, at noon.) Mount Lyell shares are quoted at 235. FOREIGN EXCHANGES. (British Official Wireless.) Press Association —By Telegraph—Copyright RUGBY, September 17. (Received September 18, at 1.30 p.m.) The following are the mean closing rates: — Paris, franc to £1 76 59-64 New York, dollar to £1 ... ... 5.06£ Montreal, dollar to £1 5.05 J Brussels, belgas to £1 29.29 Geneva, francs to £1 15.55 Amsterdam, florin to £1 7.461 Milan (nominal), lire to £1 ... 64J -Berlin, reichsmarken to £1 ... 12.59 Stockholm, kroner to £1 19.39 i Copenhagen, kroner to £1 22 • Oslo, kroner to £1 19.90 Vienna, schillings to £1 26| Prague, kroner to £1 122£ Helsingfors, marks to £1 227 Madrid, pesetas to £1 55 Lisbon, escudo to £1 110 3-16 •Athens, drachmae to £1 533 •Bucharest, lei to £1 678 Belgrade, dinars to £1 221 Warsaw, zlotys to £1 ... 26.87 •Rio de Janeiro, pence to milreis 4i Buenos Aires, pence to dollar ... 36 •Montevideo, pence to dollar ... 38 9-16 Bombay, pence to rupee 18£ Shanghai, pence to dollar 14|. Hongkong, pence to dollar ... 1413-16 Yokohama, pence to yen 141-23 Batavia, florin to £1 ... 7.43 •Sellers. ©RADFORD MARKET. Press Association—By Telegraph—Copyright LONDON, September 17. Bradford Tops.—Merinos : 70’s, 33]d; 64’s, 32d ; 60’s, 31s. Cross-breds: 58’s, 25id; 56’s, 20]d; 50’s, 16d; 46’s, 14d; 44’s, LSJd. The market is quiet. Merino tops show an easier tendency. Cross-breds have a hardening tendency. Yarns are quiet. Cross-breds are still wanted. AUSTRALIAN MARKETS. Press Association—By Telegraph—Copyright SYDNEY, September 17. Wheat at country sidings is quoted at 4s 3id, equal to 4s lOd. ex trucks. Sydney. Flour, £l2. Bran, £6. Pollard, £6 ss. Potatoes: Tasmanian, £9 10s; others, £6. Onions ; Brown, £lB. Maize, 4s 6d. ADELAIDE, September 17. Wheat: Growers’ lots, 4s Bd. Flour: Bakers’ lots, £l2 ss. Bran and pollard, £6 ss. Oats: Algerian, 2s 4d. Barley, 2s 6d. MELBOURNE, September 18. (Received September 18, at 1.5 p.m.) Wheat, 6s to 5s 4d. Flour, £l2 ss. Bran, £5 15s. Pollard, £6. Oats, 2s 4d. Barley; English, 3s 3d to 3s 4d. Maize, 5s 2d to 5s 3d. Potatoes, £7 5s to £B. Onions, £l6. BUTTER AND CHEESE. Press Association—By Telegraph—Copyright LONDON, September 17. (Received September 18, at 1.30 p.m.) Butter is weak. Danish, 1235; Australian and New Zealand choicest salted, 105 s to 106 s; unsalted, 106 s to 107 s. Cheese is quiet. New Zealand, white, 67s to 67s 6d; coloured, 65s 6d. rso Australian is offering. Messrs A. S. Paterson and Company Limited . have received the following cable advice from London : Butter: Market easier after temporary activity. New Zealand, Australian, 105 s. Danish, market slow, 103 s; landed cost, 1245. „ .. Cheese: Market steady on small available stock White cheese, 675, 67s 6d; coloured, 65s 6d<

LONDON STOCK EXCHANGE. Press Association—By Telegraph—Copyright LONDON. September 17. (Received September 18, at 1 p.m.) The following are the latest quotations of .Government securities; —

WHEAT, FLOUR, ETC. Press. Association —By Telegraph—Copyright LONDON, September 17. (Received September 18, at 1.30 p.m.) Wheat: Cargoes are firm and dearer. Parcels are higher. Futures quotations : London—October, 35s 5Jd; January, 35s Hid. Liverpool—October, 7s Bid; December, 7s 83d; March, 7s 4id. The spot trade is quietly firm. Australian, ex ship, 40s 9d. Flour is firm. Australian, ex store, 28s to 28s 6d. Chicago - futures: September, 114 i cents per bushel; December, 113|d; May, 112 i. G. J. COLES LTD. INTERIM DIVIDEND ANNOUNCED. An interim dividend of 2i per emit, is announced by G. J. Coles Ltd. The share transfer books close on September 30. On the same date the books will also be closed for the new issue of shares in the proportion of one for every five held at September 30. LONDON WOOL SALES, Press Association—By Telegraph—Copyrigh^ LONDON, September 17. (Received September 18, at 2 p.m.) At the wool sales 11,047 bales were offered, including 5,920 from New Zealand. Altogether 9.424 bales were sold. There was an excellent selection, with strong competition, especially from the Home trade. Rates were well maintained. New Zealand slipe half-bred lambs, “Fairfield,” top 17Jd, average 16Jd. _____ AGENTS’ REPORTS. Messrs Murray, Roberts, and Co. Ltd. have received the following wool market quotations from their London agents: —60/64’s, New Zealand merino, yielding 48 per cent., none offering; 56’s, half-bred, yielding 84 per cent., 12Jd; 60’s, fine cross-bred, yielding 70 per cent., 104 d; 44/46’s, preparing, yielding 76 per cent., 9Jd; 44/46’s, carding, yielding 74 per cent., 9id; 40/44’s, yielding 75 per cent., o£d; 36/40’s, yielding 76 per cen.t., none offering; 46/48’s, mixed preparing and carding, yielding 74 per cent., 9Jd; 48/50’s, mixed preparing and carding, yielding 72 per cent., 9Jd. SYDNEY STOCK EXCHANGE. Press Association—By Telegraph—Copyright SYDNEY, September 18. (Received September 18, fit 1.30 a.m.) This morning’s sales: Bonds, 4 per cent., 1938, £lO2 7s 6d; Tooth’s, 575; Anthony Hordern (pref.), 235; Associated News, 235; Burns, Philp, 72s 6d; Henry Jones, 435. BEET SUGAR. Press Association—By Telegraph—Copyright LONDON, September 17. (Received September 18, at 1 p.m.) Beet sugar, 4s 6d,

BANK OF ENGLAND RETURNS. Press Association —By Telegraph—CopyrigM ' LONDON. September 17.(Received September 18, at 11.30 a.m.) The following is the Bank of England return: — ISSUE DEPARTMENT. Note issue in circulation ... ... £444,900,000 Bank department ... ... ... 62,000,000 Government securities ... ..1 248,200,000 Other securities 400,000 Silver coin 400,00 Q BANKING DEPARTMENT. Rest 3,700,001 Public deposits Bankers’ deposits 102,200,000 Other accounts ... 35,700.00 C Government securities ... ... .81,600,000 Discounts and advances ... ... 9,200,000 Other securities ... 20,100,000 Notes in reserve 6.300,000 Rate of reserve to liabilities is 40.51 pel cent. Bank of England discount rate remains unchanged at 2 per cent, SALES ON ’CHANGE: THIS DAY* Christchurch,.- —4 per cent. Inscribed Stock (1940), £lOl 15s; Bank of New Zealand, 39s 2d; Goldsbrough, Mort, 33s 8d; Anthony Hordern, 18s 8d; Dunlop Rubber (cum div.;, 18s Id 1 * Electrolytic Zinc (ord.), 435; Wilcox, Mofflin (cum div.). 12s 5d (2)’; Argo, Is 9d (3, cum div.); Mount Lyell, 29s 4d; Mount Morgan, 12s 4d; Rawaug •Tin, 9s 2d. Unlisted: Woolworths (Sydney, ord.), £5 7s. Wellington.—Auckland City 4 per cent. (1963), £lO4 10s; British To bacco, £2 2s 9d; Woolworths, £5 8s; Guarantee Corporation, 5s 7d; Goldsbrough, Mort, 34s 3d; Mount Lyell, 29s 4d; National Bank of New Zealand, 60s; Shillings, 14s 5d and 14s 6d, Auckland.—Broken Hill Proprietary 76s 3d, Rights 3s: Mount Morgan, 12s 6d. Noon call: South British, 89s 3d; Dominion Breweries, 31s 6d; Dunlop, 18s Id; Milne and Chore* (deb. stock), 14s; Stock, 1937-40), 4 per cent., £lOl 15s.

Consols, 2j per cent £85 0 0 Funding Loan, 1 p.c., 1968-90 ... 118 16 3 Assented War Loan 107 10 0 Conversion Loan, 3j 107 10 0 Victory Bonds, 4 115 3 9 Commonwealth, 5, 1945-75 111 0 0 Commonwealth, 3j, 1936-37 102 5 0 •Commonwealth, 4, 1943-48 104 16 3 Commonwealth, 3J, 1948-53 104 5 0 Commonwealth, 3i, 1956-61 99 17 6 •Commonwealth, 3, 1955-58 94 8 9 New South Wales, 31, 193C-50 ... 101 13 9 New South Wales, 4|, 1935-45 ... 100 0 0 Victoria, 3, 1929-49 99 5 0 Victoria, 4J. 1940-60 106 10 0 Victoria, 5, 1945-75 111 15 0 Queensland, 3, 1922-47 99 12 6 Queensland, 5, 1940-60 107 8 9 South Australia, 3, 1916 (opt.) 88 11 3 South Australia, 5, 1945-75 111 10 0 West Australia, 4, 1942-62 103 11 3 Tasmania, 3j, 1920-40 102 13 9 Tasmania, 4,, 1940-50 103 1 3 New Zealand, 4$, 1948-55 ... ... 107 8 9 New Zealand, 3£, 1940 ...■ ... 102 18 9 New Zealand, 3, 1945 100 ID 0 ♦Ex div.