In the Market Place

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

In the Market Place

Quotations lifted from the City Marts this morning ranged as follow: Fruit Apples: Delicious, extra choice, 7s to Os; ditto, others, 5s to 7s: Jonathans. 6s to Ss 6d; Ballarats. 7s to Ss 6d; Munroes, 5s to 6s 6d; Northern Spy, 5s to 9s; Granny Smith, Ss to 10s 6d; Edward Lippiatt. 5s to 6s 6d. Pears: Louis Bon, 5s to 7s; Clairgeau, ex cooler, 6s to 7s; Keiffer, 4s to 6s; Coles, 6s to 9s; Nellis, 6s to 9s 6d. Tomatoes: Best local, 6s to 11s a case; hothouse, 11s to 12s: Hutts, 5s to Ss; local, others, 3s to 4s 6d. Passions: 7s to 12s a case. Cape gooseberries: 4d to 5d a lb. Tree tomatoes: 3s to 6s a case. Persimmons: 2s 6d to 3s 6d a case. Lemons: No. 1,10 s to 14s a case; No. 2,6 s to Ss. Grapes: Hothouse, extra choice Colman, Is 6d to 2s a lb; other. 1 ,9 d to Is lb. Oranges: Valencia, 35s a case; Island, ex Wellington. 15s to 22s 6d a case. Bananas: First grade repacks, up to 35s a case; medium and seconds, 20s to Mushrooms: Is to Is 6d lb. Vegetables Potatoes: Southern. 7s to 7s 6d a cwt; new, 2s to 3s 6d a bag. Onions: 3s to 3s 6d a bag. Kumeras: 2s 6d to 4s a bag. Cabbage: 3s to 12s a sack. Cauliflower: 6s to 9s a sack. Swedes: Is 6d to 2s 6d a bag. Pumpkins: 3s to 7s a cwt. Beans: 5s to Ss a bag. Lettuce: Is Gd to 4s 6d a case. Cucumbers: 3s to 6s a dozen. Vegetable marrows: Is 6d to 3s a dozen. Citron melons: 2s to Gs a sack. Poultry Cock chicks: Heavy bx*eeds, Is 6d to 2s 3d each; light breeds, Is 6d to 2s. Heavy hens, 2s 6d to 3s 9d; lighter, Is 9d to 2s 6d. Pullets: White Leghorns, forward, 5s 6d to 7s 6d: Black Orpington, big, 5s 6d to 7s 6d; small, 2s 3d to 3s 3d. Roosters: 2s 6d to 3s 9d. Prime heavy cockerels, as to 7s 3d; light. 3s 3d to 4s 6d. Ducks: 2s 4d to 3s 3d. Drakes: Young, 2s 6d to 3s 6d. Muscovy ducks: 3s 3d ro 4s 9d. Muscovy drakes: 4s to 5s 6d. Goblers: 7s to 12s. Turkey hens: 5s to 7s. Geese: Ss to 4s 3d. ..NOTE —Quotations for eggs and butter and the smaller parcelled vegetables will be found in the Kit Bag column elsewhere.

IN THE MARKET PLACE BETTER DEMAND FOR APPLES TE KAUWHATA GRAPES FINISHED All classes of orchard, field and garden produce met with a steady demand in the City Marts this morning. The market for apples and pears showed a. slight improvement. Supplies of several varieties are gradually becoming exhausted. Northern Spy apples are almost finished for the season. Only limited stocks of Louis Bon pears are available. The market for grapes holds very firm. Te Kauwhata grapes are finished. Passions sell freely at slightly better prices. ITutt tomatoes are coming forward in shorter supply and prices show an improvement for good quality fruit. Fresh supplies of bananas and mandarines are due on the Tofua on Monday next. All classes of field and garden produce sell freely. Heavy supplies of potatoes are available, and auctioneers complain that the quality of Southern tubers which have been offering over the past few' weeks has not been so poor at this time of the year tor many years. In the poultry section good quality cockerels met with a keen demand. Heavy hens sold steadily throughout at late rates. The supply of ducks and drakes was above the average and prices showed an easing tendency. Pullets were plentiful and good forward birds sold freely; small and backward birds, on the other hand, met with a dull sale. Short supplies of eggs meet with a firm demand at late rates.

ADVANCES ON KAURI GUM YEAR’S EXPORT FIGURES Authority to make advances up to 75 per cent, of the estimated value of the kauri gum sent into the board’s stores is to be sought by the Kauri Gum Control Board. At present the board is only able to make advances up to 50 per cent, of the estimated value of stocks held. A return of the kauri glum exported during the year ended March 3, 1929, giving destination, presented to the monthly meeting of the board this week, is as follows: Tons. £ United States of America 2,337 139,672 United Kingdom 1,504 77,479 Germany 234 7,949 Canada 20S 7.44 S Australia X 40 S Belgium 60 1,094 France 150 5,206 Netherlands 29 1,068 Italy 10 127 Japan 26 772 Total 4,566 £241,223 CONVERSION LOAN ISSUE QUEENSLAND STOCK (Australian and N.Z. Press Association) LONDON, Thursday. Underwriting arrangements have been made for the issue of . Commonwealth 5 per cent. 1945-75 stock to the amount of £12,403,734 in conversion of Queensland 5i per cent, stock maturing on July 1. The issue price of the new stock wni ba 97. AUSTRALIAN PRODUCE SYDNEY, Thursday. The Sydney wheat market is dull, awaiting developments in America, where the grain trade is reported to be demoralised. Bulk wheat here was to-day offered at 4s 6d for parcels on Sydney basis. Flour: £ll 10s. Pollard: £7 10s. Bran: £6 10s. Potatoes: Tasmanian, £ls to £l6; Victorian, £l4. Onions: Victorian Spanish, £l2; New Zealand Spanish, £l3: Globes, £ll. Oats: Algerian, 4s: •white, 4s 7d. Maize: 6s 2d a bushel. Adelaide prices are:— Wheat: Growers’ lots. 4s 2d to 4s 2&d. Flour: Bakers’ lots, £lO 12s 6d. Bran: £6 2s 6d. Pollard: £6 10s. Oats: 2s lOd. Reed. 10.20 a.m. MELBOURNE, Today. Wheat, 4s 6d to 4s 7 id. Flour, £lO 15s to £ll. Bran, £6 10s. Pollard, £7. Oats, 3s 2d to 3s 4d. Barley, English, 4s to 4s 3d. Maize, 5s 5d to 5s 6d. MELBOURNE HIDES SALE (Australian and N.Z. Press Association) MELBOURNE, Thursday. At the Melbourne hides sales to-day there was better competition. Best parcels sold in sellers’ favour. Others were unchanged.

SAG IN WHEAT VALUES CHICAGO AND WINNIPEG FALL LOWER FLOODED MARKETS (Australian and N.Z. Press Association) Reed. 9.47 a.m. WINNIPEG, Thurs. There were further recessions in wheat values of 2i to 3 cents on Wednesday, with final quotations 11 cents lower since Saturday. Predictions from Liverpool of a vast flood of Canadian and Argentine wheat are responsible for the fall. Reed. 9.47 a.m. WASHINGTON, Thurs. The Department of Agriculture announced on Thursday that winter wheat, indicated by the conditions on May J, will yield 595,335,000 bushels, or S3i per cent, of the normal. Chicago wheat prices tumbled to the lowest level reached at this season of the year since 191-4. The maximum drop on Wednesday was 4i cents. Reed. 9 a.m. CHICAGO, Thursday. Wheat.—May, 1 dollar 3 5-S cents a bushel; July, l dollar 7 7-S cents; September, 1 dollar lli cents; December, 1 dollar 16 1-S cents. LONDON BUTTER MARKET VALUES REMAIN STEADY (Australian and N.Z. Press Association) Reed. 11 a.m. LONDON, Thursday. The butter market is steady. Danish, 168 s; cchoicest salted New Zealand, 1665; Australian, 160 s to 1625; unsalteds, 2s premium. i Cheese is slow. New Zealand, white Sos to 86s, coloured 88s; Australian, white 84s, coloured Sos. Merchants’ Reports Merchants report receipt of overseas cables as follow: Amalgamated Dairies, Ltd., from its London office, under date May 9:—•‘Butter: Our prices unchanged; Anchor, salted and unsalted, 168 s; finest butter, 166 s to J6is; on weaker market, Danish now 160 s 1'.0.b.; market easier. Cheese: White, Sss, coloured STs; market dull.’ Andrew Clement and Sons, from their London house, under date May 9: "Butter market firm at from 166 sto 1675. Cheese, market quiet at from Sss to SSs. Leonard and Son, from their London princiual, A. C. Rawson, under date May 8: "Butter, 1665; market steady but slow. Cheese, white, 85s to 86s; coloured, SSs; market weak.’’

N.Z. LOAN AND MERCANTILE INTERIM DIVIDEND Press Association WELLINGTON, Today. The New Zealand Loan and Mercantile Agency Company, Ltd., has received cabled advice from its head office in London that interim dividends have been declared at the rate of 2i per cent, on the 5 per cent, cumulative preference stock, 3* per cent, on the 61 per cent, cumulative second preference stock and 3 per cent, on the ordinary stock. All are less English income tax. The dividends are payable on June 29. CONSOLS AND COLONIAL STOCKS (Australian and N.Z. Press Association) (United Service)

BANK OF ENGLAND RETURN (Australian and N.Z. Press Association) Reed. 9.5 a.m. LONDON, Thursday. The following is the Bank of England return:— Issue Department Notes issued in circulation . 362,793,961 In bank department 57,419,211 Government debt 11,015,000 Other Government securities 236,159,457 Other securities 7,964,765 Silver coin 4,820,678 Amount of fiduciary issue . 260,000,000 Gold, coin and bullion .. .. 160,213,172 Banking Department Proprietors’ capital 14,553,000 Rest 5,187,56 S Public deposits 8,679,717 Other deposits, bankers .. .. 63,223,123 Other accounts 35,531,591 Seven-day and other bills . . 5,766 Government securities . . . . 39,781,855 Other securities, discounts, advances 11,607,200 Securities 15,705,552 Notes 57,419,211 Gold and silver coin 667,247 The proportion of reserves to liabilities is 54 per cent. Short loans are quoted at 4J per cent., and three months’ bills at 5 3-32 per cent.

LONDON WOOL SALES GOOD TONE MAINTAINED (Australian and N.Z. Press Association) Reed. 10 a.m. LONDON, Thursday. At the wool sales, 7,63-3 bales were offered, of which 4,631 were New Zealand. There was a medium selection of greasy Merinos, and a small offering of greasy crossbreds. A good tone was maintained. Prices were unchanged. New Zealand prices: St. Helens, 19 id top price, 17id average : Kra, lSd, 16Id ; Ara, 17d, 16d.

TOBACCONIST RAIDED

ALLEGED GAMING HOUSE Press Association INVERCARGILL, Thursday. The premises of Arthur Butt, an Invercargill tobacconist, were raided by the police today at noon and he was arrested on a charge of keeping a common gaming house. Later Butt appeared in the Police Court and was remanded until Saturday. He was released on bail in his own surety of £SO and one other surety of £SO.

Reccl. 11 a.m. LONDON, Thursday. D. May 2. d. d. Consols o4 la 0 54 17 6 British Funding- Loan, SS 0 SS 0 British War Loan, 5 100 17 6 100 17 6 Conversion Loan. o-. 77 0 5 0 Com wealth Aust.. 5i p.c., 1922-27 9S 17 98 IS 9 Com’wealth Aust., 6 p.c., 1931-41 . . . 101 10 0 101 12 6 Viet. p.c., 1930-40 99 lo 0 99 12 6 Viet. Si p.c., 1929-4:* 76 7 6 76 0 Viet. 5i p.c., 1930-40 99 1 0 99 12 b Viet., 5 p.c., 1932-42 l* b 96 lo 0 Viet., 42 p.c., 1940-60 94 0 0 12 N.S.W., 4 p.c., 1933 94 94 0 0 N.S.W., 3 p.c., 1935 1 bo 0 0 17 6 N.S.W., 3i p.c.. 1930-50 17 6 85 7 6 N.S.W., 52 p.c., 1922-32 99 13 9 99 15 0 N.S.W., 64 p.c.. 1930-40 102 0 0 102 0 0 N.S.W., 6 p.c.. 1930-40 100 100 0 Queensland, Si p.c. 1930 9S 0 95 0 Queensland. 3 p.c.. 1922-47 71 12 6 7J 15 0 Queensland, 6 p.c.. 1930-40 101 10 0 101 10 N.Z., 4 p.c., 1929 . 99 6 99 0 N.Z., Si p.c., 1940 . Hi 12 S7 0 N.Z., 3 p.c., 1945 . YX 6 78 0 N.Z., 6 p.c., 1936-51 105 17 6 105 lo 0 South Australia, 3i p.c., 1939 84 12 6 SI 12 0 South Australia. 3 p.c. 1916 or after .. .. South Australia, 6i p. 59 0 0 59 2 6 1930-40 102 1 102 2 6 Tasmania, 3i p.c., 1920-40 S 4 6 84 17 6 Tasmania, 3 p.c. 1920-40 81 0 0 SO 0 0 Tasmania, 6i p.c.. 1930-40 102 0 102 0 0 W. Australia, 37 p.c., 1920-35 S9 0 0 SS 10 0 W. Australia, 3 p.c., 1915-35 86 0 S6 \\. Australia, 6 p.c., 1930-40 101 10 0 101 o 0