TO-DAY’S QUOTATIONS

Sun (Auckland), Volume III, Issue 653, 3 May 1929, Page 10

TO-DAY’S QUOTATIONS

.Vwrj at to-day's m:d-da; cali »er?

- SOUTHERN EXCHANGES

i THE DAIRYING INDUSTRY

YESTERDAY’S SALES press Assacicno* Wei: -gton,—New Zealand Refrigerating f2os pa.d !*•: New Zealand Government, 4j per cent, stock £1.064; Co turn* rota I Bank, 30s 3d; HuddartParlcer, 47s (W. Christcrture* I *.—Australian Bar.it of Commerce, 36a ftwo>; Commercial Bank of Australia. 30s Id: New Zealand Insurance, 4ns fid New Zealand Refrigerating fl6* paid 7s 3d; Staples Brewery. 43s ♦ four ; British Tobacco, 47s M (two-; Mahakipawa. 1s 2½d; Union Steam (pref.) Dunedin.—New Zealand Express (ord.) 17s Karapoi Woollen (cony, 4s 3d. N.Z. INVESTMENT CO. DIVIDEND OF 7 PER CENT. /'roe* o*r Resident Repo - : ; WELLINGTON. Thursday. The twenty-third genera! bm* . g of . . areholders of the New Zealand Investment* Mortgag- and Deposit Company. Limited, waj held to-day. i£r. Gerald Fitzgerald, a t.ng-chairman of oirectors. presided. The chairman referred to the con Unused iJCCf ful development of the company. The subscribed capital had been increased to £7J,66»» by the issue of 4,236 lew shares on which 1 a »haxe is paid op. briagtaf the paid-up capital to £33iM. In addition to the increase in capital the deposits are £1.666 greater. The a cat .on of £766 to reserve brings this fund up *o £7,060 After allowing for payme-.-of the usual dividend of 7 per cent . the earrv forward .s £3 623. compared with £1.43? last year. Dr. W. J. Anderson was re-elected a di rector and Mr. O. G. Kember was re - appointed auditor. COLOMBO TEA SALES /Australia*- and XZ. Pres# A jeocic ‘‘O * ' COLOMBO, Wednesday. i A; the t** sales yearerdajr 2.fi'F> 1 were eCeve 1 m ■ a: lower «c»v .Vex; a.«% i.'Wv.Wib I

INCREASING PRODUCTION The Xr.iangaturoto Co-operati’ e Dairy 'lompa y reports a considerable growth in production. The output for April, 1323. was 25 tons lfcwt, compared with. I> tons I6cwt. for April, 1322. The total i-put for the season to April 3n was 437 tons, against 336 tons IScwt. for the same period last y-ar. The Wliangare; Co—-r*»r atije Dairy Comr-aor’s factor:-' recorded an increase of ;; torse of butter for April over the .-o?*r---spending month of 1322. The prodnotion was ?3 tors in April. 1323. and 74 tons In April. 1?22. * e * The output of *he Maungatapere fo-ope-.-arl e Dairy Company's factory for the season ended April 3a. '•'•ns. compared with 312 tons for the pre- • twelve months. The increase was

TRADE IN' PRODUCE AMPLE POTATO STOCKS MAIZE MARKET FIRMING. Sun Office. 3 a_m. Ma.ze arc potatoes ea-y® zee-~ ac canned greatest attention \r. gra-n. teen and conduce circles ever the wee*. ~e market 'c o ma ze nas nrmed aporeciadly. . to tome forwar L Pulvkon- growers ire sending fairly leiv- -uppiies in to Lie marts, and. rn.eering praeucaily ail :lie req.uir«nents of courli Auckland The -po: market he : .o*v the South.--=-rn f.o.b. parity. 1 Jonsignmenrs came to sand -v'' h every coat, relieving merciiancs cf the need for buying on an f.r.b. basis. As a result there is very Little direct buy ins a: the moment lit.:'- table potatoes sell through Auckland stores at «s a ewr. The onion market 13 quiet. blast P*nk.ekone growers are holding 'he balance of their crop in anticipation of higher prices :n June and July, and the Auckland marker is drawing largely on the South. The quality of the Southern onions is good. Quotations through store. Auckland, range up to lie a cwt for best grades. Maize has been the cause of a certain amount of excitement during the week. The predicted rise has taken place at last. Y : or. or da." morning ' >is- ■ bushel. f.0.:>.. for prompt shipment. This price -a-as paid, for several lines. During the day th'-- market advanced a further 2d. The spot market has moved up in sympathy with the rise down the coast and mertaants. ask *is :>d through -tore. Already the speculative element has started on the new seasons' crop and maize for July. August and September delivery has been offered around Auckland ov-r the past day or so at 5s 4d a bushel, f.0.b.. Gisborne. Regular consignments of wheat continue to come 'a hand and, although the Southern price tends to fluctuate ■jfl either way every day or so. tlie market snows little actual movement. Through store, Auckland, the cereal meets with a steady sale at 7s 3d a bushel. The market for oats and chaff is unchanged. B Cartons sell at 4s 5d a bushel through store; As are 3d a bushel dearer. Best quality chaff sells at £ 0 10s a ton through, store. Steady trading is reported in bran and pollard. Fairly substantial orders i’or pollard have b r '< s n placed in Australia for **arly delivery. Merchants' quotations for bran are steady at 3s 6d a cwt: pollard. 10s 6d a cwt.

LONDON WOOL SALES

ALL PRICES MAINTAINED G-t xsr rrUia.t and .V.Z. Pres* Association j Reed. II a.m. LONDON. Thursday. At the wool sales. 12.43 S bales were offered, of wh:.-h 4.468 were New Zealand. There was a limited '.fferine- of Merinos, dome withdrawals were made owing to the high limits. There wa> an average selection of greasy rossbreds. ,_ iood competition ;*".ie«i. ar.d prices f. r ail descriptions were fully firm. New Zealands: Hawai. 16Ed. too price: :6d average; Pare. 16. id. ISd: Okar», 17>i, 14-^d. High Commissioner's Cable •e ceived the following’ cablegram, dated May . from the High Commissioner for Ne v Zealand. London: The wool :-»aic« opened yesterday. TTie .:atalogiae consisted mainly of greasy and alipe crossbred, which met with good competition from Home and French buyers. Merino offerings were very ain all and a poor selection, bur. the indication i.e for a decline from par to 5 per cent 3, with greasy and fine crossbred the same. Medium crossbred and coarse croesbred are unchanged. A total of 127.060 bales is available for the series, of which Australian number 43.000. New Zealand 54,000, and South American 27,000. SALES AT SYDNEY (A wivafidJ* aui .V.2. Press Association) SIDNEY, Thursday. At the Sydney wool sales to-day 11.540 bales sold. There was good Continental competition. The market closed without material change. Grea.-y Merino sold at 25d. MELBOURNE HIDES SALE iIELBOURNE. Thursday. At the Meihourne hides saies to-day, prices were irregular, ar.d one farthing to one halfpenny lower for all weightsBANK OF ENGLAND RETURN (Australia* and. X.Z. Press Association.) Reed. 3.5 a.m. LONDON, Thursday. The followhig is the Bank of England, return;— Issue Department .Votes issued in circulation . 361.371.330 In bank department • 56,343.330 Dovennieu: debt .. I!.015.006 Other Government securities 235.307.366 Other securities 5,351.036 Silver coin 1.325.344 Amount of fiduciary issue. 260.0G0.000 Gold. coir., and bullion. .. .. 15.5,216,563 Sacking Department Proprietors' capital 14.553,000 Public depos ; ta 16.333,252 Other deposits, bankers .... 60.6>.3,526 Other accounts 3>.473.537 and oth-r bills .. Z. 655 Government securities 45,351,;55 Other- sevurtties. discounts. advances '4.255,512 reeurities •• - I >,*783,3^3 INotes 56. 545!3.;0 Gold and silver coin 543.431 The proportion of reserves to liabilities .= 52. l i cert. Siort loans are quoted at 41 per cent., and three months/ bills at 5 1-5 per cent. AUSTRALIAN PRODUCE f Australian a d N'_Z. Press Association ■ SYDNEY, Thursday. T;te .r.g are to-day'= quotations tne Sydney produce market:— 'N he a-. co un try -1 r. t i«; r. s. lid - u trucka Sydney, is 6*l. Flour. ! I Bran. i_ 6. P- -iiard. j-7. Potatoes. Tasmanian je • 7 v , £: 4. Or., or a. Vi-torian rpathb hi 2. New Zealand £l3 -id Globes —II Oats. Algerian. 4-. Adeia.de are: Wheat, growers' lot*. * 3 4;d. Flour, bakers' : - ;t- ,d. Bran and pollard, uL 5 Is «d Oats, 2a lOd. Re.-d. 10.35 a.m. MELBOUILXE* To-day. Wheat.—O 5d t»t* 4s. Bld Flour.—£ll to Ell! ss. rats.—T 2d to 3s 4d. Bran.— L 6 Ids. Pollard.— 21 7. Barley.—English. 4- to 4s 3d. Maize.—-5s 2d to 5s 3d. TATTERSFIELD, LTD. DIVIDEND Ar. interim dividend of 4 per cerr. for the half-year ced'd March 13 has. been declared by tne directorate of Tatterafleld. Etd. CHICAGO WHEAT MARKET A *3'.rchc a >d X.Z. Pres-: Association. > Wse;Ua; 1 do-> - 15 -»r:s a. bushel. July. ; d :* cents; September. 1 dollar I.; ■ er.Gs.

WAIKATO WTNTcTR SHOW. RECORD FIXTURE ASSURED. The committee of the Waikato Winter Si’O't Association has decided to *.®rd rh.e «'• losing of entries up to and in.'-iuding May 3. Prize lists and full oartieuh;rs may be obtained from the rtf retaryy P.O Box 31. Hamilton. 4

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