PRICES HIGHER

Sun (Auckland), Volume III, Issue 753, 28 August 1929, Page 10

PRICES HIGHER

N.Z. DAIRY PRODUCE IN LONDON This week's reports to Auckland merchants on the London markets for New Zealand butter and cheese indicate higher prices in the sales. Joseph Nathan and Company, Limited, from a report on August *26 from its London house, Trengrouse and Nathan, Limited, advises:—Butter, 1755, market quiet but firm; cheese, white. 30s; coloured, 925; market steady. Leonard and Sons. Ltd., report having received a cablegram from London advising an advance in butter from Is 3d to Is 4Jd a lb, and s T ating further that cheese has risen to 84d a lb.

POTATOES IN CANTERBURY

PRICES FLUCTUATING Tress Association CHRISTCHURCH, Tuesday. There have been further variations in the potato market. At the week-end September delivery was quoted at £ 9 7s 6d. The figure advanced to £lO ss, but today it is back to £lO. Prompt delivery are worth £9 7s 6d. The Waipiata sailed for Wellington with a cargo of 9.100 sacks from all Southern ports, the Lyttelton proportion being 2,300. Space was unavailable for about 1,500 sacks, but these will be shipped by the Kawatiri and Wingatui. which will load this week. It is expected that these two vessels will take about 8,000 sacks from Southern ports. Potatoes on these boats have been sold at £ 9 7s 6d. There is no change to report in other classes of produce.

AUSTRALIAN LOAN

£5,000,000 BY TENDER (Australian and N.Z. Press Association) LONDON, Tuesday. The 'Commonwealth Government is i inviting tenders on Thursday for 1 £5,000,000 of Treasury bills with a currency of one year. FOREIGN EXCHANGE RATES British Official Wireless Reed. 11 a.m. RUGBY, Tuesday. The following rates on foreign ex- i changes are current today, compared with those of last week and par:— Aug. 27 Aug. 22 Par. j Montreal, dol. 4.8$ 5-S 4.87 3-8 4.866 New Yora, dol. 4.542 4.54 25-C2 4.566 Paris, fr 123.845 123.865 124.21 ! Brussels, belga 34.865 34.865 35.00 j Geneva, fr. . . 25.185 25.155 25.22 Amsterdam, fl. 12.09 12.10 1-8 12.107 j Rome, lire . . 92.695 92.675 92.46 Berlin, r.m. . . 20.355 20.355 20.43 Stockholm, kr. 18.10 18.10 18.159 Oslo, kr 18.205 15.205 18.159 Copenhag’n kr. 15.2]5 18.215 15.159 Vienna, sch. . . 34.42 34.42 34.55 J Prague, kr. .. 1633 163 7-8 24.02 Hel’gfors, ink 192 7-8 192 7-3 193.23 [ Madrid, pes. . . 32.96 33.965 25.221 j [ Lisbon, escu . 108.20 103.20 " i ! Athens, dr. .. 375 375 375.00 I Bukarest, lei. 818 817 25.22 i j ! R. de Jan. mil, 5 7-8 5 7-1 i B Ayres, dol. 47j 47$ 47.57 d ! Calcutta, rupee 17 29-32 J 7 13-16 lSd j Shanghai, tael. 28i 28£ j H. Kong, dol. 23 3-8 23 1-8 1 Yokohama, yen 23 3-32 23 3-32 24.55 d •

FIVE NEW COMPANIES

The five companies registered in Auckland yesterday afternoon were all private. They were:— New* Zealand Fur Breeders, Limited, fur and skin dealers. Capital, £2,200, *n £1 shares. Subscribers: Robert Harold Taylor, 500 shares; Hubert Garton Nelmes, 400 shares; Harrv Grange, John Edward Ellis and Douglas Stewart Wylie, 250 shares each; Marjorie Shrubsail and Leonard James Shrubsall, 125 shares each; Jessie Mary Reid and James Reid, 100 shares each; Arthur Cecil Vinot and Horace George St. Vincent Beechey, 50 shares each. Reproducer Systems, Limited, electrical and mechanical engineers. Capital, £1,500, in £1 shares. Subscribers: Enos Bond, Herbert Vincent Coe and Elon Bond, 500 shares each. E. W. Sinton, Limited, hardware and general merchants, engineers and garage proprietors. Capital, £1,400, in £l shares. Subscribers: Edward William Sinton, of Devonport, 1,000 shares; Hubert Hickey, of Bevonport, and William John Gibbin, of Otahuliu, 200 shares each. Neville Phillips, Limited, motor engineers and importers. Capital, £7,500, in £1 shares. Subscribers: Neville Lanaford Phillips, of Wellington, 7,490 shares; Melba Cooper Phillips, of Wellington, 10 shares. S. R. Hawken, Limited, mercers, drapers and outfitters. Capital. £3.000. in £1 shares. Subscribers: Sidney Reeves Hawken, of Hamilton. 2,750 shares; Marion Hawken, of Hamilton, 240 shares, and Sidney Stewart Hawken, of Hamilton, 10 shares.

DIRECTORS ELECTED

(Special to THE SUN) DAKGAYILLE, Tuesday. j ! Results of the postal ballot for the ! election of two directors of the Northern i Wairoa Co-operative Dairy Company, ; Ltd., saw the appointment of Messrs. C. ! N. Taylor and E. G. Appleton. Mr. Appleton replaces Mr. T. A. Kidd. FRANKTON SALE (Special to THE SUN J HAMILTON, Tuesday. | There was a large yarding of beef at Frankton saleyards yesterday and prices on the whole were 20s to 30s a | head lower. Extreme prices were paid j last week. 1 Prices for sheep were slightly lower j than those ruling last week, j There was a heavy yarding of all f classes of pigs, which sold at late ' rates. Fat cattle were penned in good numbers and store cattle came forward lin average lots. Prime heavy bullocks , brought up to £IS os; good fat ! bullocks, to £l7; light bullocks, to I £l4: prime fat cows and heifers j (young), to £l3 17s 6d and £l4 10s; fat steers, to £l2 17s. MINING NEWS HAURAKI CONSOLIDATED. The . mine manager reports: Stoping on the • Stockwood reef at the 4Cfoft level is in ! progress over a length of 200 ft; the 1 ventilation is good and fair headway is 1 being made with the stopes. All the ■ quartz broken is being sent to the battery which is running two shifts. Over 1 a length of 100 ft blotches of strong gold are seen in the main portion of the reef and pieces of specimen stone selected 1 from the pug formation on the hangingwall. The seaward face is now 72ft from the deviation; both the reef and the I country rock are most promising for gold. The face is 20ft beyond the estimated junction with the Green Harp reef. It is probable that the Green Hair reef does nor carry through the broken ground in the hanging-wall, or that there is a hanging-wall portion to the reef. This will be proved during the week. AUCTION NOTES J. H. Ansell and Company will sell by auction (under the Distress and Replevin Act) at the salerooms, 167 Symonds Street, tomorrow, Thursday, at 11 a.m., 250 lots of furnishings of every description lor the home.