TODAY’S QUOTATIONS

Sun (Auckland), Volume IV, Issue 1037, 30 July 1930, Page 11

TODAY’S QUOTATIONS

Closing quotations at today's midday call were:

KAITAIA dairy company r An increase in the output of butter ~ " earlj- IT® tons, equal to 18.6 per , , 18 shown in the twenty-ninth r^f ort of the directors of the Co to, c °-°perative Dairy Factory i,i ’tv. , r the season ended June hctnJis total <l uan tity of butter manuPavmen d r hln tons - The total su PPi>ors for butter-fat, tommended 1 * further payment repiu, a,! be I)a, d from the sur£l29 416 able> "as £140,403, as against lncr»a«o » o S., tbo previous season—an inert for° U / 987 ' The avera K e Paylb. . est Brade was Is 4.82 d a tnesi -.-_,. total P al d as premium for grade cream was £3,301. COMPANY REGISTRATIONS fisterdfv 5 ! r ?Sistrations at Auckland “lerday included the following: Public fi»cy wholesale and retail Auckland aS v. merchants and indentors, Prcferenti'-.i Ca P lta *> £30.000, in 15,000 13,000 ordina shares Ot £1 each, and "fibers t y shares °£ £1 each. SubPreferential shares: F. 1-1. P, Jam,' D - Play butt, R. p. Woolf, W. Hfeehst? M - Maher, and W. liUier l V l i?° 3hares each; and D. J. 1 share. ty Private Company, Limited, Ptletor, ?, av mtors and aircraf. pro--4l «har» Hani,lton - Ca P ltal . £IOO. in end, R n*’ Subscribers: M. A. Scott Money, 50 shares each. hinuera dairy company 'Pm pa red P “ j,, ° %. 6 S 7 tons of butter, year tons in the previous report nf ep ,'? rtc<i in Hi® eighth annual i>airv r-n tl,e Uinuera Co-operative at the „ m ” a 2 y - Ltd., to be presented The retiiTO U ?* meeting on August 15. l tsisted U K l ? a .l. or tl>® season were greatly I# tho facts that butter values Min t h eala " d did not fall so rapidly forward . overseas markets, and that ,)r Pfttabu alCS fnr ex port proved very butttn. Til® final gross average icupectivi re „ turn of Is 4.651 d a lb. irst»r,tlain,e of Bra< le, represented subtly fr y more than the average retreat o' m , .regular weekly sales in of b>jttf. ritain - The average grading ter made had been 92.754 points.

HIGH PRODUCING JERSEYS Special to THE SUN HAMILTON, Tuesday. A three-year-old Jersey cow, owned by Mr. J. Bones, of Ohaupo. has yielded 9351 b of butter-fat for 365 days during the 1929-30 season. The cow, a pedigree named Cousin Grace, achieved the best record of any cow tested by the New Zealand Co-operative HerdTesting Association, and was milked twice a day. A Taranaki three-year-old Jersey, owned by Mr. P. J. Petersen, yielded 9501 b fat in 365 days for the season just closed, on twice-a-day milking. This is probably a world’s record. The cow was Ivondale Silver Rainbow. THE WHEAT INDUSTRY STABILISATION OR SPECULATION The occasional outcry against existing duties on wheat and flour emanates from a comparative few. This complaint, however, is tE.ken up and amplified by many who are unable to separate the wheat from the .chaff of the specious arguments employed to attack an industry of vital importance to New Zealand. The violent fluctuations that would be experienced with an open market for wheat and flour might possibly suit the speculating importer, but the regular consumers of wheat and allied products would be far worse off in the long run than under the present stabilised arrangement, whereby wheatgrowers are enabled to produce the Dominion’s wheat requirements without loss to themselves. Certainly at the present time the world’s wheat values have slumped owing to over-production, but history will assuredly repeat itself and overi seas prices will again soar, as prices realised in other countries are well below the cost of production, and less wheat will be put down in seasons that follow. In this relation, it is interesting to note that a cable from Washington, dated July 21, states that Senator Thomas has asked President Hoover to call an International Conference of representatives of wheatgrowing countries to consider a, plan to bring about a world-wide curtailment of wheat production. New Zealand already imports more than it should for its economic good, yet in certain quarters the argument, is put forward that the New Zealand wheat industry should be closed down and this country should become dependent on overseas supplies of wheat, flour, bran and pollard. It is impossible to believe that those who put forward this argument have the national welfare of this country at heart, especially in view of the satisfactory manner in which the New Zealand Wheat Industry has been stabilised.

Buyers. £ s. d. £ s. d DAXKS--Aust. of Commerce 1 1 6 1 , Australasia 12 0 0 Com. of Australia . 1 1 Ditto (pref.) ri 10 0 6 lfi Eng., Scot, & Aust. a"* 3 5 0 Rational of X.Z. . . 0 Sat. of Australasia 13 11) 0 Ditto (con. > .. New South ales . r,o ir. (• 37 New Zealand .. . . 2 15 10 Ditto (D Mort.) . 1 6 — INSURANCE— National 0 IS q 0 New Zealand .. 1* 4 Queensland — ft Ill South British . . . — 2 ID 6 LOAN AND AGENCr— Pom. Invest and Bank Farmers’ Co-op. - 1 0 « Attct. A (pref.) . 0 17 fi Ditto (B pref.) .. o in 0 Coldsbrough, Mort . 1 7 0 Newton King . . 0 2 Ditto (pref.) . . . 0 12 0 K.Z. & River Plate X.Z. Loan & Merc. on Reliance Loa n .. .. — i 0 COAL— Grey Valley r> 0 Hikurangi — 0 2 0 14 0 2 0 Ditto (pref.) . . . . o Ditto (new issue) 0 2 Taupiri Ditto (pref.) .. . . Westport GAS1 12 0 * “ Ditto (con.) .. .. SHIPPING— Deronport Steam .. Huddart-Parker 18 ..Ditto (pref.) a.z. Shipping (pref> 9 2 Northern Steam .. Ditto (con.) .. .. 0 14 fi 0 14 9 r. and O. (tier stk.) inton Steam (pref.) 1 0 3 timber— Rational .. .. 0 8 0 11 Parker-Lamb .. .. 0 0 i# 0 breweries— ivz. Breweries SliSCELLA.N EOUS— 2 9 6 2 10 0 Australian Glass . 1 14 6 1 15 G •pref.) 0 6 0

Buyers. t d. £ d. British Tobacco Bycroft, Etd Colonial Sugar Dominion Pictures 1 17 15 0 0 1 .1 IS 3 5 ft 0 1 Electrolytic Zinc (ord.) .. 1 0 0 6 10 — Farmers’ Trading . . 0 7 d Ditto (A pref. > . . 10 Ditto (B pref. > .. Fuller’s Pictures .. 0 13 6 -H.M. Arcade Theatre 0 Ditto (pref.) .. .. N.Z. Drug - . . -Milne and Choyce 1 0 3 4 0 (deb. stock) .. .. National Pictures X.Z. Farmers’ Fert. 1 Robinson Ice Cream 6 6 Sanford. Dtd. .. . Ditto (pref.) .. .. Taranaki Oilfields . 0 Thames Theatre .. 0 11 0 0 Bnion Oil W aicakei, £ td \Y hit tome-Stevenson 1 17 6 Wilsons Cement ... 1 0 MINING— Moanataiari (paid) 0 0 Ditto (con.) . . . . Ducky Shot (4s pd.) 0 Ohlnemuri (ord.) .. Waihi 0 Waihi Grand June. 0 1 9 Mount Lyell 1 3 3 1 3 9 DEBENTURES— Auckland Gas. 1031*. 94 ft 0 Ditto. 1935, 64 p.c. 101 0 0 Auou Harbour Board. p.c 96 0 0 97 5 0 Ditto, 1959, 54 p.c. 95 10 0 Ditto, 6 p.c City of Auckland. 101 0 0 103 0 0 1949. 5* p.c 95 0 0 97 0 0 Ditto, 1949. 5J p.c. Auck. Power Board, 94 0 0 95 10 0 1950. 54 p.c. 95 10 0 Williamson’s Films Gisborne Sheep- — 101 0 u farmers SO 0 0 Glaxo 90 0 0 X.Z. Breweries 1 1 0 — GOVERNMENT DOANS — War Doan, 1930, 4a 99 5 0 Ditto, 1938, 44 p.c. 99 10 0 Ditto. 1939, 44 P.c. 99 10 0 Ditto, 1941 44 P.c. 99 10 0 Ditto, 1933,, 54 P.c. 99 0 0 — N SCRIBED STOCK Ditto. 1939, 44 p.c. 99 10 0 War Doan, 1938, 4 4 99 10 0 —