TRADE IN PRODUCE

Sun (Auckland), Volume III, Issue 851, 20 December 1929, Page 10

TRADE IN PRODUCE

MARKET GENERALLY QUIET HEAVY SUPPLIES OF POTATOES Sun Office, 9 a.m. With the exception of the normal steady retail demand, trade in grain, seed and produce shows little life at the moment. All thoughts are turned toward the holidays. The potato market holds on comparatively low levels, with quotations i'.o.r. Pukekohe, in the vicinity of 22 5 a ton. In the Auckland marts heavy supplies have forced the market down to as low as 4s a cwt for certain qualities, even the best not bringing more than 7s a cwt in small parcels. Through store. Auckland, for small parcels subject to the usual terms in relation to deliveries and discounts, the nominal price is 7s 6d a cwt. There seems little likelihood of an improvement in the market in the near future. Some farmers, however, are now showing a tendency to want to hold; this may have some effect on the market. Onion Market Unchanged The position in regard to onions is unchanged. Merchants are still drawing on stocks of Canadians, while a limited number of new season’s onions are coming forward; the latter, however, are still a little on the green side and are not. ready sellers. The new crop should be available in ample supplies by the middle of January. Through store, Auckland, merchants I ask in the vicinity of 16s a crate for I the best imported onions. Wheat is unchanged, selling through ; Auckland stores at up to 7s lid a bushel. Oats and chaff hold recent firm rates. Maize Market Firmer The year closes with a decidedly firmer tone in the market for maize. Yesterday Gisborne sellers put 3d on to current prompt quotations, but whether any business was done is another question; in view of the holiday atmosphere at the moment it is hardly likely. Nominally, the prompt market is 5s 6d f.0.b., Gisborne. Quotations for late January and February deliveries are 3d higher. AUSTRALIAN LOAN 47,750,000 SUBSCRIBED United P.A.—By Telegraph—Copyright CANBERRA, Thursday. The Federal Treasurer, Mr. E. G. Theodore, announces that the approximate amount subscribed by the public to the recent 2210,000,000 loan was 227,750.000. Mr. Theodore said lie regarded this result as satisfactory in viev/ of the stringent monetary conditions. The loan was announced on November 6, subscriptions being invited for 2210,000,000 of 54 per cent, stock, due in 1934, at 98. On these terms the effective yield is 22 5 14s 4d per cent. The lists were closed on December 16. The loan was underwritten by the Australian banks, which have now to take up 22 2,250,000 of the stock. COMPANY REGISTRATIONS Two private companies were registered in Auckland yesterday. Details are as follow: Hauraki Clothing Factory, Limited, clothing manufacturers and drapers. Capital, 22 8,250 in 221 shares. Subscripers: Mark Henry Claxton, 7,450 shares; William Harry Claxton, 400 shares: Gladys Lusher Claxton and Alice Winifred Claxton, 200 shares each. Edlin Stewart Engine Company, Limited, manufacturers of internal combustion engines. Capital, £5,600 in £1 shares. Subscribers: George Paykel, Hector Halhead Stewart, George Charles Codlin, Francis Thomas Innes, Emmanuel Marbeck, George Stanley Edlen, Hans Otto Feddergon Grau, Hudson James William Moody, Frank Geoffrey Fairfield, Josiali Mason, John Lawrence Sheen, David Alexander Hipkins, Marcus George Pezaro, Walter Granville, Joseph Arthur Burdett Hellaby, and Weymouth Keith Cook, 350 shares each.