TODAY’S QUOTATIONS

Sun (Auckland), Volume IV, Issue 1032, 24 July 1930, Page 13

TODAY’S QUOTATIONS

Closing quotations at today’s midday call were:—-

3JN COMMERCIAL SERVICE

arrangements have now made whereby inquiries from n p ®o ar d tc commercial and financial questions will be dealt with While every effort is ri™ to ensure accuracy In every no responsibility can be **•? ' or the Information given. All S-T!?* ohould be addressed to the commercial Editor, THE SUN.

CANADA’S MINERAL WEALTH

ANNUAL OUTPUT £60,775,000 fbofourth successive year the rJMMan mining industry in 1929 had of ♦K Creased output. The total value 1& *L e P rod uction was £60,775.000, or corn- 1 * Cent - 301 °r© than in 1928. Real AJJ® re established ln the output coow 68108 ’ cemen L clay products, Sol<3, gypsum, lime, nickel, sa *L stone sand and gravel, a* * ‘Ja„ natural gas. Statistics of dnmS etalllc divis *on of the mining inauatry are as follow: £ £

oth?r Um • •• •• 602,000 450,000 er metals .. 112,000 200,000 cord** r P° St striking advance was renearu. l3 ?„ c Oppei*. and tl T e increase of 4svaw * 000 is an indication of Srest J! m i ents which will assume cade Porta nee in the next dehave a 1116 new Sudbury refinery will fined £ of 10,000 tons of rePletMi -v 1 a year, and it will be comby August next.

LONDON WOOL VALUES

LONDON*. Tuesday. ndon wool sales today 8,592 7« r ? offe red. including 2,523 from •old. rJ!P an<i « and about 7,300 were grease \v ere was a large selection of CCo *shr*Ji r^nos ’ a good offering of good tf«T 8 * an< * a few slipes. The ttt*i 06 Was maintained at full late greasy crossbred Me, ioi? n top price. Hid. averha»fbrod : ~L etter - 9 2d and Did; the thft v l ?’ "Woodbank, 12d and 1% ® half bred combing, Bedehurst,

RUNCIMAN STOCK SALE

From Our Own, Correspondent DRURY, Wednesday. There was a good demand for dairy cattle at Alfred Buckland and Sons’ sale at Runciman yesterday and prices were well maintained. A fair number of beef cattle were yarded, late rates ruling. Jersey heifers, close to profit, sold from £lO to £l2 10s; medium Jersey heifers, £7 15s to £9 10s; backward and inferior, £6 to £7 10s; good Jersey cows, close to profit, £ll to £l3 10s; medium quality and backward, £9 10s to £11; Shorthorn cows, close to profit, £9 to £ll 10s. Beef. —Fat cows, £6 10s to £8; older fat cows, £4 10s to £6. Stores.—Young cows in forward condition, £4 15s to £5 15s; smaller and younger sorts, £3 5s to £4 10s; old and boner cows, £1 10s to £4.

AN ILL-CONSIDERED PROPOSAL

SACRIFICING THE WHEAT SUBSTANCE FOR THE EGG SHADOW. It Is suggested in the Unemployment Committee’s report that If the duty on fowl wheat were removed the poultry farmer could get supplies of wheat cheaper than he can today, permitting a greater number of people to be employed in the poultry industry, and that a great and profitable export business in eggs could thus be worked up. The actual position is that in Canterbury today, where poultry farmers can secure wheat at the same price as it would land from Australia in the North Island duty free, the Canterbury poultryman finds it impossible to make the business pay, and as late as Monday, July 14, a deputation waited on the Prime Minister in Christchurch urging the Government to grant a subsidy on eggs exported. This subsidy, if granted, must be paid by the taxpayer, but supposing greatly increased numbers of people engage in the poultry business, how is the industry to be conducted profitably when those at present in it cannot make a decent living? Throughout the whole of New Zealand today there are under 200 persons engaged solely in making a living out of poultry keeping, according to official figures supplied by Mr. E J. Fawcett, Farm Economist, of the Department of Agriculture. There are between 6.000 and 7,000 wheatgrowers. Are all these wheat-growers who do the heavy and hazardous part of the work of providing food for the nation to be sacrificed in a vain endeavour to build ap export trade in eggs?—g.

Buyers. Sellers. £ s. d. £ s. d. BANKS— Aust. of Commerce 1 2 9 Australasia 12 5 0 Com. of Australia . 1 0 D 1 1 0 Ditto (con.) . . ft 10 4 Ditto (pref.) .. 6 10 0 7 0 0 Eng., Scot. & Aust. 5 15 0 6 4 0 National of N.Z. . . r, 0 0 Nat. of Aust. (con.) 7 1 0 New South Wales . 35 5 0 36 7 6 New Zealand .. 2 15 6 2 16 6 Ditto (D Wort.) . 1 6 3 Union of Australia — 11 6 0 INSURANCE— National 0* 13 0 0 14 3 New Zealand .. . . 2 4 6 6 6 South British .. -- 2 13 6 LOAN AND AGENCY— Dora. Invest and Bank Farmers’ Co-op. 0 ID 6 1 0 3 Auct. A (pref.) . 0 17 r, Ditto (B pref.) . . 0 15 6 Goldsbrough, Mort . 1 6 9 1 8 0 Newton King 0 2 0 Ditto (pref.) . . . . 0 12 0 N.Z. & River Plate t 10 0 N.Z. Loan and Merc. — 93 0 >0 COAL— Grey Valley 1 5 0 Hikurangi 0 0 Ditto (pref.) .. .. 0 3 6 (Ditto A pref.) .. 0 5 0 Pukemiro Renown 0 14 9 0 15 9 Ditto (pref.) . . . . 0 2 10 0 Ditto (new Issue) 0 2 7 Tauplri 1 6 0 Ditto (pref.) .. .. 1 2 0 GAS— Auckland Wellington (pref.) . 0 16 9 SHIPPING— Devonport Perry .. Huddart - Parker 1 2 9 1 4 3 Northern Steam .. 9 Ditto (con.) .. .. 0 6 r. ft O. (def. stk.) Union Steam (pref.) TIMBER— 1 0 3 National Parker-Lamb 0 11 6 0 16 0 BREWERIES— AZ. Breweries 2 9 9 2 10 6 MISCELLANEOUS— Aaatraiian Glass .. ®ooth, Macdonald 1 13 0 0 1 5 17 British Tobacco 1 16 6 6

Gold .. Silver Nickel Copper ■■ 1928. 1929. . 7,816,000 7,91(7.000 . 2,552,000 2,374,000 . 4,464,000 5,140,000 . 5,719,000 8,672,000 Colbalt" ar id p iat . 2,028,000 2,202,000 -

Buyers. Sellers. £ s. d. £ 3. d. Bycroft, Ltd Colonial Sugar .. .. 35 0 0 Dominion Pictures Dunlop-Perdriau Klectro. Zinc (pref.) 1 3 0 Farmers' Trading . . 0 7 9 Ditto B (pref.) .. 0 11 0 Fullers* Pictures .. Hayward’s Pictures H.M. Arcade Theatre (pref.) 1 0 0 Kempthorne Prosser 3 0 0 Milne and Choyce (deb. stock) .. .. National Pictures . N.Z. Farmers' Fert. 1 0 3 1 Robinson Ice Cream Sanford, Ltd Ditto (pref.) . . . . Taranaki Oilfields . 0 Thames Theatre Co. 0 12 G Union Oil YVairakei, Ltd Whittome Steveusons W ilsons Cement .. 1 IS 6 2 0 MINING— Moanataiari (pd.) .. 0 Kawarau Lucky Shot (4s paid) Ohinemuri (ord.) .. n o a Ditto (pref.) .. .. 0 0 6 "Waihi 0 13 9 Waihi Grand June. 0 1 10 Mount Lyell .. .. I 3 3 1 Ditto (rig:hts) 0 2 6 DEBENTURES— Auckland Gas, 1932, 94 o r> Ditto. 1935. 6£ p.c. 101 Auck. Harbour Board 51 p.c 96 0 0 97 10 0 Ditto, 1959, 5J p.c. City of Auckland. 1940, 51 p.c. .. „. 97 10 Ditto. 1949, 51 p.c. 94 0 0 95 10 0 Auck. Power Board, 1950, 51 p.c. 95 10 0 Auck. Hosp. Board, 51 p.c 99 0 0 Bor. Mt, Albert. 5| 100 0 0 Williamson’s Films 101 0 Gisborne Sheepfarmers SO 0 0 N.Z. Breweries 1 1 A Glaxo 90 0 0 — GOVERNMENT LOANS— War Loan, 1930, 41 99 5 0 Ditto, 1938, 4\ p.c. 99 10 0 100 5 0 Ditto, 1939, 41 p.c. 99 10 0 Ditto, 1941, 41 p.c. 99 10 0 Ditto, 1933, 51 p.c. 97 15 0 Ditto, 1933,. 51 p.c. 99 0 0 Ditto, 1936, 51 p.c. — . 99 7 6 INSCRIBED STOCK War Loan. 1933. 41 99 10 0 Ditto, 1939, 41 p.c. 99 10 0 Ditto, 1327-41, 5i . 95 0 0 —