LIVELIER MARKET

Evening Star, Issue 23686, 20 September 1940, Page 9

LIVELIER MARKET

TRANSACTIONS ON ’CHANGE MACDUFFS SELL AT ADVANCED FRIGE Prices were firm on the Dunedin Stock Exchange this morning. The market could bo described as lively, and a certain amount of trading took place, mainly at high values. Macduffs (ord.) brought 10s 9d, 2s more than a parcel sold at Wellington on September 10. New Zealand Breweries, at £1 14» 6d, were cheaper than they have been for some little time. , Government loans were inquired for, but only one issue was on offer, and that at advanced rates. Buyers were offering id Is for Cbas. Begg and Co., superseding the long-standing bid of £1 Os 6d, after a sale reported yesterday at £1 2s. Broken Hill Souths were quoted at advanced rates, as was New Broken Hill Consolidated. SALES REPORTED. —Yesterday.— Union Bank, £7. National Insurance, 19s. Cbas. Begg and Co., £1 2s. —N.Z. Drug Co. Ltd., £3 14s. —This Morning.— N.Z. Drug Rights, £1 7s. —On ’Change.— Macduffs (ord.), 10s 9d. New Zealand Breweries, £1 14s 6d. Wool-worths (Sydney, after call), 18s 3d. BUSY WEEK FRUIT AND PRODUCE APPLES IN SHORT SUPPLY Reilly’s report that a busy time has been experienced in the markets during the week, with increased supplies of most lines to band. Only small consignments of apples are coming forward, these consisting principally of some excellent quality Delicious. Small consignments of cooking apples of the Washington variety are not nearly sufficient for the demand. Limited supplies of pears are being received. Cut flowers are in ample supply, and with the increased consignments of local grown blooms available prices are lower. A shipment of oranges arrived during the week. The shipment was a large one, and the fruit, which was of excellent flavour, met with a ready sale. A small parcel of Ivnons was also disposed of at the same tae. Increased supplies of New Zealand lelons are being received. There is an excellent demand for ripe bananas, supplies of which are short. Only small supplies of New Zealand grapefruit are being received, and values are higher. Fair consignments of Island tomatoes met with a good inquiry. Increased supplies of .rhubarb have been arriving, and values are slightly lower. Small supplies of asparagus have been coming forward from Christchurch. Green peas and new potatoes are expected to arrive from Nelson this week. Fresh vegetables are in ample ' supply, with a satisfaetpry demand being experienced for caftaHowers, spring cabbages, and good quality lettuces. Swede turnips have a better inquiry, but carrots and parsnips are still unsaleable. Table potatoes also have lipte inquiry. Good quality onions are coming to hand from Canterbury. Seed potatoes have, a slow sale, with supplies much in requirements. Small"consignments of' whitebait have been arriving, ■ and values have firmed. . Heavy Supplies-of eggs are being received, and the grading regulations are now being carried out. A fair demand is being experienced for supplies for preserving purposes. Only small consignments of poultry wire forward for Wednesday’s sale, with satisfactory values realised for good table birds. OKARITO YEAR DISAPPOINTING RETURNS The annual report of the Okarito Five Mila Beach Gold Dredging Company Ltd. states that gold production has fallen to the lowest total for any period of 12 months since the dredge started* A net profit of £1,236 (less income tax) is announced, and the report states that this must be regarded as a better result than might have been expected, particularly when it is realised that for tlie six months in 1940 the total gold production was only 140 oz. The dredge was stranded 'tor seven weeks after last Christmas, and since then the ground has proved very disappointing. On top of this, time was reduced through the necessity of sluicing away the sandhills ahead of the dredge. Statistics~of time worked show that dredging time was reduced heavily from that worked last year. The average return from the ground worked was 1450 z. as against 158.60 z last year. The value of ground per acre at present prices was £1.258. as against £1,175 last year. Mr J. E. Wheeler is the retiring director. and he offers himself for re-election. AUSTRALIAN STOCK EXCHANGES Press Association—By Telegraph—Copyright SYDNSY, September 19. The Slock Exchange turnover to-day was heavier, with a stronger undertone. Morning Sales.—Commonwealth Bonds, 4 p.c., 1941. £lOl 17s 6d; 4 p.c., 1961, £107; Bank of New South Wales, £26; Commercial Bank of Australia, 13s 9d; Broken Hill Proprietary, £2 4s 3d; Colonial Sugar, £47 7s 6d; Dunlop Perdriau, 17s 7|d; Henry Jones, £2 13s 6d. ■ Afternoon Sates.—Commercial Banking of Sydney, £l9 2s; Consolidated Industries, £1 15s 3d; Consolidated Industries (cont.), 16s 7£d; Consolidated Industries (New Zetland delivery), 16s 6d and 16s sd; Mort’s Dock, 16s 9d; Mauri Bros., 16s 9d; J. Fielding, £3 14s; Electrolytic Zinc, £2 10s 6d (pref.), £2 11s; Taranaki Oil 6s. MELBOURNE, September 19. National Bank (£lO paid), £ll 14s; Broken Hill Proprietary, £2 4s; Broken Hill Proprietary (new), 13s lOd: Mount Lyell, £1 7s 9d. KUMERAS " CONTROLLED " * LATEST IMPORT PROHIBITION . [Pep United Piters Association'.l WELLINGTON, September 19. Prohibition, of the importation of kumeras info New Zealand without the eon-' sent of the Minister of Customs is contained in the Customs Import Prohibition Order, 1840, Amendment No. 2. which was published in to-night’s ‘ Gazette.’ In future the Internal Marketing Department will control the importation, sale, and distribution of - overseas kumeras in the Dominion. COMPANY NEWS WOOLWORTH’S HOLDINGS. Wooiworth’s Holdings, South Africa, have declared a final dividend of 7J per cent., ©arable on October 1.