Commercial DUNEDIN MARKETS

Southland Times, Issue 24883, 24 October 1942, Page 2

Commercial DUNEDIN MARKETS

(P.A.) DUNEDIN. October 23. North Island merchants continue to show lack of interest in the oats market and as a consequence there is no shipping trade to be recorded. Fortunately stocks in Dunedin are not heavy and there will not be any quantity to be carried over to next season. Prices continue nominal at 4/- a bushel for A Gartons f.o.b.s.i. and 3/9 f.o.b.s.i. for B’s, these prices being equivalent to 3/- and 2/9 respectively on trucks, country sidings, sacks extra. Supplies of chaff to meet the local trade are being drawn from Canterbury, but there is not a great deal of business going through. With favourable growing conditions and an absence of frosts, there should be good crops of early potatoes in Otago. If the crops turn out as well as is expected the maximum prices allowed to be charged to consumers will no doubt be found to be an unnecessary precaution.

Apart from the retail distributing trade to farmers there is little to record in the seeds market. Business in the export trade remains quiet. Values for the next few months will depend largely on two factors: export demand and the prospects of the coming harvest. DONAGHY’S ROPE CO. (P.A.) WELLINGTON, October 23. Donaghy’s Rope and Twine Company has declared an interim dividend of 9d a share. PROPERTY PASSED IN AT AUCTION The freehold farm property of Mr August Reinke, consisting of 285 acres, and situated in the Waikaka Valley district, was offered at auction by Wright, Stephenson and Co., Ltd., at their Gore offices yesterday afternoon. The bidding started at £l2 an acre and the property was passed in at £l3/I'o/-, this amount failing to reach the reserve. STOCK EXCHANGES DUNEDIN.— SaIes reported: Bank of New Zealand £2; Bruce Woollen (ord.) £l/5/3; Kauri Timber £l/3/3; Broken Hill Proprietary £l/19/9. AUCKLAND.— SaIes: Stock 1953-59 3)4 p.c. £104; Auckland Harbour Board 1944 4)4 p.c. £102; Commercial Bank 14/10; Bank of New Zealand £l/19/9, £l/19/11, £2 (2); New Zealand Insurance £3/13/3; Kaiapoi (con.) 7/-: Dominion Breweries £l/9/-; Woolworths (Sydney) 15/9; Mount Lyell £l/7/9'. Unofficial List: Southern Cross Investment 3/6.

CHRISTCHURCH.— SaIes on ’Change: Standard Insurance £3/8/-; New Zealand Farmers’ Co-operative (4)4 p.c. stock 1955) £95; Woolworths (N.Z.) 14/10; Slab Hut (5/- paid) 5/5 (2); Snowy River (5/- paid) ex div 6/7. Sales reported: Invincible Building £4/7/- (2); Canterbury Frozen Meat £l2/15/-; New Zealand Refrigerating (£1 paid) £l/3/-; New Zealand Refrigerating (10/- paid) 10/2; Andersons Ltd. (pref.) 19/-; New Zealand Drug (£1 paid) £2/5/-; New Zealand Farmers’ Co-operative (4)4 p.c. stock 1955) £95; Woolworths (Sydney, ord.) 15/9; Mount Lyell £l/7/9. WELLINGTON.— SaIes: 3 p.c. Stock 195154 £99/12/6; Bank of New Zealand £1 19/10)4: New Zealand Insurance £3/13/--Amalgamated Brick (Auckland) 6 p.c. 1944 £lOl/10/-; Canterbury Frozen Meat £l2 15/-; Broken Hill £l/19/9; Woolworths Holdings 18/8 (2).