TO-DAY’S QUOTATIONS

Sun (Auckland), Volume III, Issue 659, 10 May 1929, Page 10

TO-DAY’S QUOTATIONS

SOUTHERN EXCHANGES YESTERDAY’S SALES Press Association Wellington —Bank of New Zealand. 61s tOd. 625; Mount Lyell. 44s Sd, 445; Auckland Gas. 24s 6d: Holden's Motors, 30s 6d: New Zealand Government 4$ per cent. Ronds, £IOO (two); Commercial Bank. HO* 3d; National Bank of Australia (£5 paid), £9 16s 3d; Bank of New Zealand (lone term), 295: Gear Meat, 42s 9d; Colonial Sugar, £SB 10s. Christchurch —Bank of Adelaide. £lO p.a (two); Commercial Bank of Australia, £7 Ss Sd: National Insurance (cum div.). Sd (two)' New Zealand Refrigerating • £1 paid), lis 6d: Tooth’s Brewery. 5Ss •d. 598; British Tobacco. 47s 7d; Mount I.veil (cum div.), 44s Sd. 44s 7d, 44s 6d i two). 44s sd, 44s 4d (two). 44s 3d 'three); Mahakipa \va. Is (three): National Mortgage. 85s 3d (two), Sos; Staples Brewery. 465. 45s ild. Dunedin—Mount Lyell. 44s 6d; Gear \fcaf. 42s 9d (two): New Zealand Government. 4 i per cent. Inscribed Stock. 1038, £IOO (two). SUPERANNUATION GOVERNMENT PROVIDENT FUND Provision for employees on retirement is a world-wide problem. In New Zealand the State, through the National Provident Fund Act as recently amended, now provides a generous and simple scheme of superannuation under which employers may include the whole • r any number of their employees in a state contributory pension scheme tinder • ordrtions which should meet the roquirements of the general body of employers and employees in this country. BRADFORD TOPS MARKET fA' stralian and N.Z. Press Association) Reed. 10 a m. LONDON, Thursday. The Bradford tops market is flat, prices tending to be easier. Quotations 64's.

Closing Quotatoins at to-day’s mid-day call were:—

SHEEPSKIN SALES and N.Z. Press Association) Reed. 10 a.m. LONDON, Thursday. At the sheepskin sales, 2,500 were offered, and about 7 0 per cent, were sold. There was fair competition. Merinos declined 5 per cent, compared with March 21 : fine crossbreds, both Australian and New Zealand, 5 per cent. ; coarse, 25 per

“No time to study” THE busy executive, the travelling salesman, the overworked sole proprietor—in this age of trained business brains—what are busy men, who naturally would hesitate to commit themselves to a “course,’* to do? Read what one man in this class wrote: “When I enrolled with you I had no idea of taking all lh** lectures, or finishing all the problems. I simply said to myse.f, these people have gathered together some of the smartest brains in business. I’ll lake these brains and use them. Even i. I only look to them once a month for an idea or advice I shall be making money.” Some 300.000 men have found this true of the Institute. The thing which makes tha Institute course different is just this: You can dip in to it at any point and find immediately a practical plan, method or idea, worked out and proved by the biggeat men in bosinesa. which you can put to work at once. It is the most practical plan yet evolved to help the man who realises he should be doing some business reading (and who doesn't), but who has no time to study and much less for the bothersome restrictions of exhaustive written work. If the idea appeals to you, you should make a point of getting the facts. The coupon below will bring you these. ALEXANDER HAMILTON INSTITUTE. 11 Castlereagh Street, Sydney, N.S.W. Send me the new. revised edition of “Forging Ahead in Business,” which I may keep without charge. Name Company Address Auckland Rep.: .T. M. Ruddy, P.O. Box 422. Auckland. £U

TRADE IN PRODUCE KEEN DEMAND FOR MAIZE HEAVY SUPPLIES OF POTATOES SUN OFFICE, 9 a.m. Maize gives cause for principal interest in grain, seed and produce circles at the moment. The spot market is practically bare, and the Poverty Bay market shows a rising tendency. Advice last week that Poverty Bay sellers were increasing their demands has had a stimulating effect on the demand in Auckland, and spot stocks, as a result, are very low. The position now, within limits, having always in mind the price at which wheal; is available, is practically in the hands; of the Gisborne sellers who more or less can ask their own price. Nominally the price j-esterday afternoon for prompt shipment was 5s Gd f.o.b. Gisborne. To get confirmation at that figure, however, was another question. Sellers were hard to locate. even at higher money.

Gisborne speculators are already on the market with quotations for the new crop for delivery over July, August Eind September, but no actual business has been reported. Bay of Plenty sellers also appeared during the week offering new' season’s cereal for delivery toward the end of June. Forward sellers ask 5s 6d f.0.b., according to the point of consignment. Potato Market Weak

The spot market for potatoes is weak. Heavy supplies of Pukekohe tubers continue to come forward, depressing the demand for Southern potatoes. The greater part of the Pukekohe tubers find their way to the marts, where they have been selling at from 2s 6d to 3s a sugar sack. Orders sent South from Auckland over the week have been practically negligible. The Pukekohe crop is expected to last till the end of the present month. Despite the lack of inquiry from Auckland the Southern market holds very firm, especially in regard to the forward position. One of the factors in this is the more or less well-founded contention that some of the crops are affected with blight. Through store Auckland, merchants quote best-quality tables at 7s 6d to 8s a cwt.

Lower Prices for Onions The market for onions has eased over the week. Canterbury sellers have been sending fairly heavy consignments North over the past week or so and this has had a bearing effect on the market. The position in the South has tended to induce the weak holder of Pukekohe onions to seek an outlet and thus further* weaken spot prices. At the moment, best quality onions are offered through merchants’ stores at from 9s to 9s 6d a cwt. Many merchants are inclined to think that at this level prices have reached bedrock for the time being. Steady bookings continue to be made in Japanese and Americans for delivery over the later months of the year. Wheat gives little concern, prices remaining praetially stationary. The cereal sells freely through store at around 7s Sd a bushel. Chaff Market Very Firm

Chaff has a firmer tone, especially in maining practically stationary. The price, on the spot, remains practically unaltered at £9 10s a ton through merchants’ stores. The market for oats remains practically unaltered. The forward position has a very firm tone. Through store, Auckland, B Gartons sell at 4s 5d a bushel. A’s sell at up to 4s 8d a bushel. Stocks of both bran and pollard are rather low on the spot. Merchant’s quotations for bran range around Ss 6d a cwt, and for pollard around 10s 3d a cwt. FLOUR CHEAP IN BRITAIN LOWEST PRICE SINCE 1914 (Australian and N.Z. Press Association) LONDON, Wednesday. The price of flour may easily be reduced a further 10s a quarter, says a leading Liverpool trader. The stocks now in Liverpool warehouses exceed 500.000 quarters, compared with the normal amount of 200,000 bushels, and further arrivals are expected daily. The accumulation of flour is due partly to the great frost in February, which resulted in the closing of Continental ports and compelled Canadian, United States and Argentine exporters to dump flour at Liverpool and other British ports. Flour now is cheaper than at any time since 1914.

% Buyers Sellers. BANKS— £ s. d. - £ s. d. Aust of Commerce • 1 16 0 1 16 ft Australasia 14 1 4 0 Com. of Australia . 1 10 1 Ditto (prof.) .. V 0 ft 0 F'npr . Scot. & Aust. 8 8 1 Xat. of Australasia no 1 4 ft 1ft 1ft ft &i 12 6 52 0 New Zealand 1 ft Ditto D Mortgr. . i 6 i Jnion of Australia . lo 7 0 0 INSURANCE— n 1ft n ft 10 6 n 1ft ft ft 1ft X w Zeala nd .. .. 2 ft ft 0 Queensland .. . • .. South British .. .. 3 3 ft 3 LOAN AND AGENCT— Abraham and Williams (pref.) .. .. 4 7 Farmers’ Co-op. If) ft Goldsbrough, Mort. Nat. Mortg. A gen. 4 Newton King (pref.) 0 8 ft 0 10 N.Z. Ciuar Corp. —— N.Z. Loan &- -Merc. 125 Ditto (pref.) .. .. N. Auclc. Farmers’ 80 Co-op. (ord.) ... — Ditto (B pref.) .. COAL— 0 10 i " Grey Valley •• 1 .7 ft 1 4 0 Pukemiro 0 Renown 11 Taupiri 1 ft 1 6 Ditto (pref.) .. .. 0 0 AX aipa 0 W e s t por t - S too k lou Ditto (pref.) .. •• 0 GAS — Auckland .. .. •• 1 4 4 1 4 5 . Ditto (con.) .. .. 0 18 (i Gisborne .. •• 0 SHIPPING— Devon port Ferry .. 1 4 0 Northern Steam 1 4 Ditto (con. ) . . - • J*. & O (clef. p*k-■> Union Steam (pref.) TIMBER — Kauri Timber .. .. ft 1 8 3 — ft 0 5 0 Parker-Lamb .. .. — WOOLLEN— Kaiapoi 0 13 8 0 14 Ditto (con.) 0 4 Ditto (pref.) .. ... — BREWERIES— P. L. Innes (pref.) i ft N.Z. Breweries .... •» «* 'J — MISCELLANEOUS— Adair Bros 0 IS 0 _ Auck. Amuse. Park Ditto (pref.) .. .. Aust. Iron and Steel — 0 12 1 0 11 Australian Glass Booth. Macdonald ft Ditto (pref.) . . - . 3 British Tobacco .. .. By croft, Ltd

Buyers Sellers Dominion Pictures . 1 0 6 Ditto (pref. > .. .. 1 0 6 Donagliy’s Rope L 14 0 Dunlop Rubber . . . . Electrolytic* Zinc Ditto ("pref.) . . . . 1 10 Farmers' Trading .. 0 8 Ditto A (pret> , .. Ditto B (pref.) .. 0 0 10 H.M. Arcade Theatre 1 1 N.Z. Drug 16 Lewis Eady (pref.) Milne and Choyce .. 5 Ditto (pref.) .. .. 1 Ditto (deb. stk.) . 1 X.Z. Paper Mills .. 0 N.Z. Refrigerating . — Ditto (con.) .. .. Robinson Icc .. 0 1 Sanford, Ltd Ditto (prof.) — Sharland (pref.) Taranaki Oilfields .. 0 10 Ton son Garliek .. -. Union Oil Victoria Nyanza Sugar 5 Whittome Stevenson Wilsons Cement j ° MINING— Alburnia (2s Sd pd.) 0 1 2 o 1 10 Moanataira (paid) Lucky Shot (4s pd.) 0 8 Ditto (con.) 6 Ohinemuri ford.) .. Waihi Grand June. 0 0 Mount Lyell <» 2 DEBENTURES — 0 0 Ditto, 1035, 61 p.c. 103 0 0 98 on 100 0 0 Ditto, 6 p.c 103 0 0 City of Auckland, 1043, 51 p.c 100 0 Aut-k. Hospital Bd.. T>3 per cent 100 102 0 0 104 102 Bor. lit. Erlen, (i .. Booth-Macdonald .. 63 ■— N.Z. Breweries .. .. 6 Gisborne Sheepfarmers — • u U GOVERNMENT BONDS — — 100 0 0 00 13 Ditto, 1039, 41 p.c. 90 13 Ditto. 3933, 5} p.c. Ditto. 1933. oj P.c. - — INSCRIBED STOCK — on 12 0 100 0 0 00 22 Ditto, 1933, ol p.c.