In the Market Place

Sun (Auckland), Volume III, Issue 815, 8 November 1929, Page 10

In the Market Place

LEMON DEMAND BETTER I GOOD STRAWBERRY PROSPECTS The approach of warmer weather has brought about an improved demand in the City Marts I for lemons, which, for a considerable time, have been selling slowly. Strawberry supplies are increasing and the interest shown in the market indicates an excellent season for growers. Hothouse tomatoes are selling well. A large shipment of Samoan bananas was offered today at good rates. Gooseberries are appearing and the prospects for producers are favourable. Canadian apples, with Delicious and Cox’s bringing up to 20s a case, are selling easily. Local pears are in good demand. Vegetables in season are heavily supplied find there is no important change in the market. Good heavy hens and cockerels maintained their values in the poultry auction today. Choice young ducks sold satisfactorily and well-finished turkeys met keen demand. Day-old chicks and ducklings sold slowly. Quotations; FRUIT Apples.—Local Sturmers, 9s to 12s 6d; local Granny Smith, 10s to 14s; Canadian Delicious, 20s; Jonathan, 16s to 17s; Grimes Golden, 16s to 17s; Mclntosh Red, 17s to 18s; Cox’s Orange, 20s. Bananas.—Firsts, repacked, 22s 6d to 255; seconds and medium, 16s to 21s 6d. Pears.—Nellis, 16s to ISs; Coles, 14s to ISs; Barrys, 7s to 10s. Tomatoes.—Hothouse,,, 9d to 2s. Lemons.—First choice, 9s to 12s; mediums, 6s to Bs. Oranges.—lsland, repacked, 24s to 30s; Sydney Valencias, 16s to 225; Californian, 46s to 47s 6d. New Zealand Grapefruit.—Ss to 12s 6d. Strawberries. —Captain Cook, Is 6d to 2s; Marguerites, lOd to Is 4d. Gooseberries. —10s to 16s. Passions.—Australian, 20s to 265. Grapes.—Californian, barrels, 25s to 27s 6 cl. FIELD PRODUCE Potatoes.—Southern, 6s to Ss a cwt; new, 2cl a lb. Onions.—l4s to 17s 6d a case. Kumeras.—lsland, Ss to 9s A. cwt; Tauranga, 5s 6d to Bs. Cabbage.—ls to 7s a sack. Cauliflowers. —3s to 7s 6d a sack. Swedes.—is to Is 6d a bag. Pumpkins.—l2s to 17s a cwt. Green Peas.—2lcl to 4id a lb. Beans.—Broad, 21d to 3d a lb; French, 6d to Is 6d. Lettuce. —2s to 5s Od a case. Cucumbers. —Hothouse, 4s to 5s 6d a dozen; Sydney, 12s to 16s a case. Vegetable Marrows. —New season’s, 4s to 9s a dozen. Cabbage.—On benches: Is 6cl to 2s 6d a dozen. Cauliflower. —On benches, 2s to 5s 6d a dozen. Spinach.—ls a dozen. Pumpkins.—ls 6d to 2s 6d each. Radish.—6d a dozen. Spring Onions.—4d to Is a bundle. Carrots, Parsnips, Beet and Turnips.— Bcl to Is 4d a dozen. POULTRY Hens.—Heavy, 3s to 4s; lighter, to 3s. Pullets. —Heavy, 4s to ss; lighter, 3s Cockerels.— -Heavy, Ss to 9s/6d; light, 5s 6d to 7s 6d. Roosters, —2s to. 3s 6d. -Dticks. —Old, 2s to 3s; Muscovy, to 4s Drakes. —Young, 3s 6d to 4s 3d; Muscovy, 3s 9d to 5s 9d. Goblers. —9s to 16s 6d. Turkeys.—6s to 7s 6d. LONDON DAIRY MARKET BUTTER SLOW, CHEESE DULL United P.A—By Telegraph—Copyright Reed. 10.10 a.m. LONDON, Thursday. Butter is slow. Danfsli, 178 s 6d; choicest salted New Zealand, 172 s to 1745; Australian, 170 sto 1725. Unsalteds: New Zealand, 18Ss; Australian, 184 s. Cheese is dull. New Zealand, coloured, 925; white, 935. MERCHANTS' REPORTS Merchants report receipt of overseas cables as follow; Amalgamated Dairies, from London, under date November 7.: —“Butter: Anchor, 178 s; practically no business passing. Market very unsettled. Few speculators in endeavoLir to unload are offering, stored, 168 s to 17s; new season’s, 170 sto 1745. Majority importers are asking stored, 172 s to 1745; new season's, 174 sto 1765. Danish butter, 180 sto 182 s, f.o.b. Cheese: Finest and first-grade white standardised, 13s; coloured, 92s 6d; market quiet.” AUCTION NOTES A sale of seaside mainland sections will be conducetd by C. F. Bennett, Ltd., on the Maraetai Beach Estate, at 2.30 tomorrow afternoon. Over 20 of the most choice sections on the estate will be offered, together with two modern bungalows on the waterfront.

FINANCIAL MARKET BANK OF ENGLAND RETURN FOR THE WEEK CONSOLS AND COLONIAL STOCKS United P.A.—By Telegraph—Copyright Reed. 9.5 a.ro. LONDON, Thursday. ! The Bank of England return for the ' week ended today is as follows: Issue Department Xotes issued:— ! In Circulation £358,400,760 : In banking department . . 32,858,640 Total £391.262,400 | | Government debt 11,015,100 Other Government securities 235,367,390 I Other securities 5,791,081 i i Silver coin 4,526,429 j Amount of fiduciary issue 260,000,000 Gold, coin and bullion .. 131,262,400 Total £391,262,400 Banking Department Proprietors' capital .. .. 14,553 000 Rest 3,154*381 Public deposits 9,526,637 Other deposits, bankers .. 61,620’909 Other accounts 38,746 612 Seven-day and other bills 2, 864 Total £127,604,403 Government securities . . . . 67,171,855 Other securities, discounts advances 6,754,012 Securities 19,816,220 Notes 32,858,640 Gold and silver coin .. .. 1,003,676 Total £127,604,403 The Bank of England rate of discount is 6 per cent., to' which it was reduced from 6i per cent, a week ago. • Short leans are quoted at 5 per cent., the same as last week, and three months’ bills are quoted at 5 13-16 per cent, compared with 5* per cent, last week. The proportion oT reserves to liabilities is 30.80 per cent., compared with 30.10 last week. CONSOLS AND COLONIAL STOCKS Nov. 7 Oct. 31

DIVIDENDS ANNOUNCED N.Z. LOAN AND MERCANTILE 3 PER CENT. United P.A.—By Telegraph — Copyright. Reed. 9 a.m. LONDON, Thursday. The New Zealand Loan and Mercantile Agency Co., Ltd., .announces a dividend of 8 per cent, far the year. Zinc Corporation. Limited, announces interim participating dividends of 18d a share on both preference and ordinary stock. BRADFORD TOPS MARKET United P.A. —By Telegraph—Copyright Reed. -10 a.m. LONDON, Thurs.. In the Bradford tops market quotations are maintained, but there is less interest and small business. Quotations: —64’s, 34Jd; 60’s, 32d; 56’s, 26d; 50’s, 23d; 46’s, 20id; 40’s, 20d. CHICAGO WHEAT MARKET United P.A.—By Telegraph — Copyright. Reed. 10.40 a.m. CHICAGO, Thursday. Wheat recovered sharply after a low opening, the chief factors in the rise being the strong stock close, frost news from Argentina, and the low estimate of the Winnipeg surplus. Wheat closed December, 3 dollar 23 cents a bushel; March, 1 dollar 301 cents; May, l dollar 33 5-S cents. MELBOURNE HIDES SALES United P.A.—By Telegraph—Copyright MELBOURNE, Thursday. At the Melbourne hides sales today prices generally were l-8d to Id lower, notably for heavy kips and mediums.

£ g d £ ' s d Consols, 2i per cent. 53 0 0 54 10 0 Funding Loan 1960-00 85 0 0 S7 0 0 War Loan, 5. 1929-47 99 5 0 100 10 0 Conversion Loan, 3i 74 0 76 0 0 Victory Bonds . . . . 91 0 0 92 10 0 Com'w’th, 55, 1922-27 95 6 96 0 0 Ditto, 6, 1931-41 .. 100 0 0 100 N.Z., 45, 1948-58 . . 94 0 0 94 6 Ditto, 35, 1940 .... 86 0 86 9 Ditto, 3, 1945 .. . . 76 0 0 Ditto, 6, 1936-51 . . 103 0 0 103 9 NEW YORK CALL MONEY A New York message says call n oney remained at 6 per cent, al day today.