TO-DAY’S QUOTATIONS

Sun (Auckland), Volume II, Issue 604, 5 March 1929, Page 14

TO-DAY’S QUOTATIONS

SOUTHERN EXCHANGES YESTERDAY’S SALES Press Association Wellington. —National Bank of New Zealand. £7 7s; Christchurch Gas, 265; Wellington Woollen (ord.), £7 os 6d; Blenheim Oil, 70s. Christchurch. —New Zealand Government Bonds, 5i per cent., 1930, £lOl 10s; C ommercial Bank of Australia, 295; Australian Bank of Commerce, 365, 36s 6u; New Zealand Refrigerating (10s paid), 7s 8d (two); New Zealand Government Inscribed Stock, per cent., 1935, £9O 17s 6d, £100; Grey Valley Collieries, 21s 6d; ‘‘hristehurch Gas, 26s 4d. 26s sd: New Zealand Breweries, 57s lid, 58s (four); F.eath and Company (new, Is paid), 8s 9d (14); Holden’s Motors. 2Ss 9d (two); Mahakipawa, Is 4id (three). Dunedin. —Blenheim Oil, 70s. LONDON PRODUCE MARKET (From Our Own Correspondent) WELLINGTON, Monday. The Department of Agriculture has re- < eived the following cablegram dated March 2 from the High Commissioner for New Zealand. London:— Tallow.—The spot market is steady and husiness is fair for shipment. Present Quotations for spot are:—Mutton: Fine, 44s 6d to 45s a cwt; lair to good. 41s to 445; dark to dull, 3ss to 395. Beef: Sweet and or mixed, 42s 6o to 445; fair to good. 39s 6d to 42s 6d; dark to dull, .'•Be to 38s 6d. Mixed: Fair to good, 39s ."d to 425; dark to dull, 37s 6d to 38s 6a. Gut, etc., 36s to 38s. Hemp.—The Manila market was firm early this week. “J” grade for MarchMay shipment is now quoted at £36 ss. Sisal: Quotations are firm, but business is -mall. Sellers ask £4l 5s for No. 1. and L 39 os for No. 2. Buyers’ ideas are about 15s less in each case. New Zealand: The market continues quiet. There is no pressure from seiiers, but buyers are holding back and no first-hand business is reported. By comparison with other sorts c.i.f. nominal values for February-April and March-May shipments art-: High points. £33 10s to £34; fair, C3l*; common. £29 Ids; rejected. £2S 15s. Tow: Second grade. £2l 10s: third grade, £lB. Danish Cocksfoot.—The market is very quiet, and prices are easier. Present value is 68s a cwt, c.i.f.. New Zealand. Wool.—There is little more doing in Bradford this week, but the London sales being looked to for a clear indication ef the raw* material position. Merino tops are lower and others are un-

RECORD DAIRYING YEAR COMPANY CHAIRMAN’S VIEWS (From Our Own Correspondent) HAMILTON, Monday. Continued dry weather in the Waikato has dried up pastures and is reducing the milk supply. There has been very little rain for a month, and in some areas farmers are supplementing the grass by feeding out lucerne, maize and millet. Commenting on the dairying yield today Mr. Dynes Fulton, chairman of directors of the New Zealand Co-opera-tive Dairy Company, said the present season was a typical one. In his opinion periods of dry weather helped to keep the land sweet. If sufficient rain came shortly the season should be a record one. February was the proper month to get dry weather. From the dairy farmer’s point of view the present, season was the best experienced for a long time. He could not remember when there had been such an abundance of good feed. A decrease in the milk yield during the dry spell was almost inevitable, and its extent was governed by the farmers’ foresight in providing supplementary feed. As a farmer, Mr. Fulton said, he was satisfied that a dry spell for a few weeks after the peak of the season was more beneficial than harmful. LONDON WHEAT MARKET (Australian ana N.Z. Press Association) Reed. 10.44 a.m. LONDON, Monday. Cargoes.—The market is featureless and the demand slow—part of the Caledonian Monarch’s cargo for the Mediterranean, 4Ss 6d. Parcels are getting poor attention at late rates. Liverpool futures, March, 9s Id; May, Ds 4 1-Sd; July, 9 S 7d. SOUTHLAND FROZEN MEAT CO. The report of the Southland Frozen Meat and Produce Export Companv tor the year 1928 shows a creoit balance of £36,920. The profit for the year, including transfer fees, amounted to £27.328. There was brought forward from the previous _year £29,050, making a total of £36,378. The general expenses absorb £12,646, and the dividend tor the year at 12 per cent.—half of which was paid as an interim dividend—absorbs £13.625, leaving to be carried forward £30,107.

APPLES FOR EXPORT ! PACKING SEASON STARTED Fruitgrowers throughout the district are now beginning to give serious consideration to the picking, grading and packing of the autumn apple crop. Already some of the early varieties have been sent in pending shipment early this month. | One small consignment has already | been sent South and shipped for the London market at Wellingtno. The next consignment goes forward on the Hororata, scheduled to load here about March 15. Approximately 3,000 cases of the early varieties, including Willie Sharps, Cox’s Orange, Golden Pippin, Dunns, and a few Jonathans are in store waiting shipment, with more coming in daily. The quality of the crop so far is reported to be up to expectations, and indications are that the yield generally, will be most satisfactory. •The main crop is not expected to be ready till well on toward the end of the month or early in April, when ■ heavy shipments have been arranged i for. As yet, nothing definite has been set- : tied by the board in regard to shipment to Eastern Canada. SYDNEY WOOL SALES BEST SORTS IN DEMAND I SYDNEY, Monday. At the Sydney wool sales to-day the market opened with good competition, especially from Japan, Germany, Brad- . ford and France. A firm tone for the best wools was well maintained. Other descriptions showed a hardening tend- : ency. Greasy Merino sold to 23?.d. The 1 number of bales sold was 12,373. CHICAGO WHEAT MARKET (Australian and "K.Z. Press Association) Reed. 9.45 a.m. CHICAGO, Monday. Wheat.—March, 1 dollar 25 3-8 cents a bushel; May, 1 dollar 30 cents; July, l dollar 33 cents.

Cioainr Quotation* at to-day's mid day Sellers. Buyers. BANKS—Auct. of Com 1 17 0 1 15 ft 15 2 14 19 Com. of Australia . 1 9 ft Ditto (con.) .. .. Ditto (prof. > . . . . Com. of Sydney € Rng.. Scot. & Aust. National of N.Z. . . Nat. of Australasia 8 18 7 5 9 11 0 9 14 ft “New South Wales - . 51 10 ft 50 10 Union of Australia. INSURANCE— 15 10 n 9 9 0 8 9 0 IK 6 Queensland 3 10 0 South British .. . • — i> 5 LOAN AND AGENCtAbraham and Williarns t'pref.) . . - . 8 Farmers' Co-op. Auc. ft Ditto A (prof/) 0 Ooldsbrouah, Mort . 0 2 12 Newton King (prof.) ft 10 8 N.Z. River Plate 1 It 1 l.» X Z. Guaran. Oorp. X.Z. Loan &•. Merc. Ditto (pref. > .. • 80 0 0 8 Co-op IB pref.) .. COALfirey Valley • • •• 1 1 s Hikuranpi — Ditto (pref ) . . . ■ 9 Ditto A (pref.) .. ft 4 Pukemiro 11 ft Ditto (pref) .. •• Taupiri Ditto (pref ) .. .. — 1 o Waipa .. .. -• -• Westport 1 12 1 11 n Westport-Stockion. GAS— 0 1 4 s Ditto (con.) .. Birkenhead and 0 IS 0 18 6 0 IS 0 Northeote ft 1ft 0 Thames 0 10 0 ft 5 0 SHIPPING— Devonport Steam .. 1 4 1 4 0 Huddart-Parker ft 15 Ditto (con.) . ft 7 r & O. (def. stk.4 Union Steam (pref.) TIMBER6 Bartholomew .. — ft 18 0 Kauri Timber .. .. ft 17 8 0 18 Leyland-O’Brien 8 — 5 Parker-La mb .. .. WOOLLEN— Kaiapoi — 0 14 Ditto (con. Ditto (pref.) .. .. — 0 15 BREWERIES— 8 C*~L. Innes n 19 9 Ditto (pref.) .. .. X.Z. Breweries 6 .T. Staples 8 — Tooths — 1 Timaru (new issue) . M1SCELLAN EO Lib— Auck. Amuse. Park ft 4 ft Ditto (pref ) •• •• ft 15 — 8 A ust. Iron & Steel A. J- Entrican .. .. —

call wers:— Sellers. Buyers British Tobacco 2 9 0 2 8 6 Burns. Philp .. . 2 8 0 Bycroft, Ltd 1 14 1 11 0 Checker Taxi 0 7 6 Dominion Pictures - 1 1 6 Ditto (pref.) .. .. Donaghy's Rope Electrolytic Zinc (ord.) 1 15 0 1 14 Ditto (pref. > . . . 1 17 1 16 Farmers’ Trading • 0 9 Ditto (A pref.) .. 0 Ditto (B pref.) 0 12 6 Grey and Menzies . Hayward's Pictures 1 1 0 l - 0 H.M. Arcade Theatre Ditto (pref.) .. .. Kempthorne, Prosser 16 Lewis Eady (pref.). Milne and Choyce .. Ditto (pref.) .. .. 1 6 Ditto B (pref.) .. Ditto (deb. stock) Morris Hedstrom . . 1 N.Z. Farmers’ Fert. 1 0 N.Z. Paper Mills 0 19 N.Z. Refrie- (con. 1 Robinson Ice Cream Ditto (pref. > .. •- 9 Sharland and Co. -. Ditto (pref.) 6 Taranaki Oilfields . . 0 3 Tonson Garlick .. - - 6 l T nion Oil o Whittome Stevenson 2 Wilsons Cement 2 0 ° - 0 U MIN IMG— — 0 0 fti Ducky Shot (4s pd) Ditto (con.) . . o Maoriland (con.) .. Occidental-Una (2s paid) 3 Ohinemuri (ord.) .. 0 8 6 Ditto (pref) .. .. - Waihi c* Waihi Grand June. . 0 1 — Mount Lyell . . - • Kuala Kampar Tin 0 15 0 15 DEBENTURES — Auckland Gas, 1932, 5 per cent Ditto, 1935, 6J p.c. Auckland Harb Bd. 5 per cent 09 0 0 — Ditto, 5$ per cent. —■ Ditto, 51 p.c. — Ditto, 6 p.c. -— City of Auck. 1940, 5* per cent —• 99 0 Ditto, 1943, 51 p.c. — Bor. ol Devonport, Ditto, 41 p.c 92 10 Bor of Mt. Eden, 6 Bor. of Hamilton, 6 103 0 N.Z. Breweries 1 6 4 1 6 1 Farmers’ Trading . . 100 0 0 93 0 0 GOVERNMENT BONDS — War Loan. 193S, 4i 100 n 0 99 15 0 Ditto, 1939, 41 p.c. 99 15 0 Ditto, 1941 41 p.c. 99 10 0 Ditto, 1933, p.c. 0 Ditto. 1936. 51 p.c. — 101 10 0 INSCRIBED STOCK War Loan, 1938, 41 100 2 6 99 15 0 War Loan, 1938, 41 99 15 0 Ditto, 1939, 41 p.c. 99 15 0 Ditto, J933, 51 p.c. 101 0 0 Ditto, 1936, 51 p.c. 101 10 0 £ s. d. £ e d