SOUTH AMERICAN MARKETS

Sun (Auckland), Volume III, Issue 668, 21 May 1929, Page 10

SOUTH AMERICAN MARKETS

N.Z. FRUIT MEETS SLOW SALE The South American agents of the New Zealand Fruit Export Control Board have cabled to the effect that the Port Curtis's shipment of apples has been discharged in good condition, and that the Rimutaka Is at present being discharged, these apples also being in good condition. They further advise that stocks of Chilian apples are very heavy and the market is not greatly interested in the New Zealand shipments. Chilian apples are being offered at 7s 2d to 10s 6d a case, while one firm is offering American Delicious at 17s 7d, and Winesaps at 14s to 16s. The prices quoted are on a c.i.f. Montevideo parity. The cablegram states that they have >' 'id 9,000 cases of New Zealand fruit ex Port Curtis at the following prices:— Delicious, 19s 4d; Jonathan, 14s. The balance of the Pakeha shipment was sold ns follows:—Extra fancy Delicious. 21s; f .ncy Delicious, 19s 4d; Jonathan, 1 is Sd. The 3.000 Dunn's Favourite and the 468 pears, ex Pakeha. have been transhipped to Rio and are not yet sold.

AUSTRALIAN STOCKS f Australian and N.Z. Press Association I Reed. 9.50 a.m. NEW YORK, Monday. Commonwealth, 5 per cent., 1955, £93; 1957. £93 ss; 4 and 4J per cent., £BS 10s. New South Wales, 5 per cent., 1957, £92 12s 6d; 1958, £92 ss. Queensland, 6 per cent.. £103; 7 per cent., £llO. £IOO,OOO PREFERENCE ISSUE SUPPORTED BY LEADING FINANCIAL CRITIC "When a soundly-managed concern such as the Reliance Loan, Mortgage and Discount Corporation, Ltd., of Auckland, offers S per cent. Cumulative Preferred Shares, the public would be wise to get in early!” Such is the advice of "Fiat Lux,” New Zealand's leading financial critic, in an article in "N.Z. Truth” on the Corporations issue of 100,000 S per cent. £1 Cumulative Preference Shares. Securities are estimated at approximately £400,000, and an independent auditor’s report certifies that the S per cent, preferential dividend could be paid on the firm’s present trading. "Investors should s have no hesitation in taking up these shares," concludes "Fiat Lux.” Write AT ONCE for a copy of the Corporation’s Prospectus to any branch of the company’s banker, the National Bank of New' Zealand, Ltd.; from the Corporation’s broker, Mr. Campbell Paterson. C.P.O. Box 1206. Auckland; or 23 Shortland Street. Auckland, Chambers, Worth and Chambers, Public Accountants. Shortland Street. Auckland; at the Corporation’s office, 308 Dilwortli Building. Queen Street. Auckland; or from any Registered Sharebroker. 7.