COMMERCIAL.

Press, Volume LVII, Issue 17316, 30 November 1921, Page 9

COMMERCIAL.

BUTTER SUBSIDY. . -, . THE /UNPAID PORTION. (SPECIAL TO "THE PRESS.' ) "WELLINGTON., November 29. The matter of the i:npaid portion.of the butter subsidy was mentioned in th e Hot.se of Representatives to-day by Mr H Poland, who addressed a. question on i lil subject,to the Prime Minister. Mr Poland said that for the period from September Ist. 1920, to Maroh 31st, 13J1, there was Id per lb and from April Ift. to August 31st tbis:year 2d. • Tne farmers were not receiving anything like the prices they had received lastyo.ir. and if those accounts rould : he squared up it wo.ild be a great benefit to them. He understood that the difficulty ivas over the audit, but he had received information from Hamilton thai the auditor was there in October, thct he had not -been there .since or that the books of the dairy companies were balanced, so that the mnnev eon id be paid over.. He asked that the Prime Minister should endeavour to expedite the payments. Mr Mawey'said he thought'it would bo" admitted" that the Government .was not trving to beat the farmers, out of the money, but as had been".stated, the difficulty'was over the auditing. Ho was not able fc o go into details, but-it bad been reported to him. that it was impossible to get the accounts aiidited. The Department had three auditors going all over th e Dominion doin"' the auditing ' Thev v,e-e doing excellent work. When their reports-were received the Department would' make prompt final pavments. Mr Poland: They are going through the Dominion before anything is paiJ out? •

Mr Maisev: Yes. Mr Jr." might- tali© them'a connle <if years. Mr Massey said that-it was .-hardly as bad as' that. He did not-'suggest that there was . anything wJOns;. for there was nothing of the sort. Though he had not had the opportunity of going into the accounts, he could, say thai there was som e difficulty on that score. As th e reports °f the auditors were received they would be .very glad-to pay out. The sooner that was don© the better for ho wanted to get rid'of the business AUSTRALIAN TARIFF. , i (PRESS ASSOCIATIOSr TELEGEAII.) WELLmGTON, November 29. Mr G. H. Tui-ton, .of the Eoyal Insurance Company, Melbourne, in a letter to Mr Harold Beauchamp, Wellington, encloses an extract from a letter to him by the Commonwealth Controller of Customs intimating that .the Australian tariff makes provision for the British preferential rate being expended to product* ofr New Zealand, thus giving to the Dominion the very best possible conditions 'obtainable in ■ the tariff.; Pending, the passing of the Australian tariff into lawi it: is incumbent on.the Commonwealth Customs to charge New, Zealand under the' general- tariff,' but this is temporary. P. AND 0. COMPANY. EFFECT OF SHIPPING' SLUMP. ?Bv CaM*—Press'' . (Australian and X.Z. .Cable Association.) LONDON, November 28. •' The P and'O. Company's credit balance is £683,405,' of -which it has carried .forward £100,305. -During the year* the insurance.fund was increased by £200,000, making it £3,000;000. The report states that during-the, first half of the -. year . the stea 'ers were able to 'dp something- .mqre'.than cover, expenses,'but for. the last; six months, this had'not been' the -oase: Recent voyages had resulted in ; serious losses: ;" Therefore 'no bonus was -paid.' AUSTRALIAN• STEEL TRADE. •NEWCASTLE .WORKS CLOSED . ' "DOWN. /SYDNEY, November 29.. Owingrto the depressiftn' in the steel, trade, two sections of the Newcastle works have been closed, and another will close in: a few days,' further increasing the number of unemployed. • New South, Wales' . The Hon. J. Dooley,' Premier of ' New South Wales, commenting on the action of the' Federal Government, in closing down the steel, works, says it is another fruit of, that Government's studied indifference to' the welfare of Australian industries.: It ignored a warning_months.ago,-when ib was urged to pass an'Anti-Dumping Bill, and left Australia open to' be flooded with German and Continental' steel. AUSTRALIAN FRUIT POOI* MELBOURNE, November 29. The Federal Cabinet has approved of the formation -of; a fruit pool.. Mr Hughes explained- that advances were to be made on a basis of so much per lb. The total amount involved would be £750.000. .An important condition lo be laid down > was that there. should be only one selling agency > in'• London, to avoid undercutting of prices. DEPRESSION m BRITAIN. : November 29. TKe Hon. E. W. Alison, M.L.C., interviewed by the "Daily Telegraph," stated that the existing economic conj ditions in Great Britain were most depressing. Taxation was overburdening the country in addition to the financial stringency-and this high Urates of exchange. During .the y.eaj- there had been an appalling loss in British'trade' owing to continuous industrial stoppages. DEPARTMENT. OF INDUSTRIES.' PROTEST AGAINST INTERFERENCE. A resolution protesting against any interference with the Department of Industries and Commerce was passed by the executive of the Canterbury Industrial Association last night. The president (Mr -W.' J. Jenkin) said that the Department had more than justified its existence up to -the present" time. Since the Department was threatened with partial, if not total, destruction, it was time that the Association urged the Government to continue with the system. He moved as follows:—''That the Industrial Association of Canterbury, representing a very large section of the community engaged in manufacturing, and-which is so essential to the life, prosperity, and growth of this country, views with considerable alarm a suggestion that has been made more than once that the Board of Trade may. go . out. of office, and that the Department of Industries and Commerce may be linked

up with some other Department. The manufeu-turers of Canterbury emphatically protest against any interference with the preSftm Department of Industries end Commerce. Its work is Highly valued by the manufacturers generally throughout tho Dominion, and althflugn the Department has only been in active existence for-a- comparatively short time, the possibilities in the interests of development of our secondary industries can scarcely be imagined, but. re know what a similar Department, br.s done in other countries —in particular in Canada. New Zealand lias made enormous progress in its secondary activities, and we urge upon the Government not to set aside or to attempt to destroy the usefulness of the Department they themselves have created, and which has already proved to»be of great value.'' Mr H. Bradley seconded the' motion.

Mr "Willis, in supporting the lution. urged that the name should be' fhaneed from the Board of Trade to the Department of Industries and Commerce.' The resolution vras adopted. HIGH COMMISSIONER'S REPORT. . The Department of Agriculture, has received tho following cablegram, dated 26th ir.otant.Trom tho High Commissioner for New Zed-land, London: MEAT.. Market-depressed and weak. .Supplies are in exceßs of reaairemeiits, and prices have declined for most,. grades : -N.Z. Mutton. Light-weight. Nov. 26. ■ Xov. 19. Nov. 12. S»d to 6d 6d to 6id 5Jd to 6id . K.Z. Mutton. Heavy-weight. 4sd to 4jd 3d. 4}d to s}d K.Z. Ewes. Light-weight. 4Jd- . 43d . 4Jd X.Z. Ewes. Heavy-weight. Difficult to eell at 3Jd- - . ■ ' N.Z. LamV,. Lizht-vfeight. 7Jd to 7|d 8& BJd Ts.Z. Lamli. Heavy-weight. 6jd to 7d . ■ to 7Jd 7fcd to 8d Beef. Heavy supplies frbieri on market. ■ N.Z. Prime-Ox.' Hinds. Bid 52d- 6d "K.Z. Prime Ox. Fores. 4d 4d 4H Argentine. Chilled. Supplies little lighter. . Hinds: • . '. Bjd 7jd 8d Fores: , Sd 'to old 5d ' 6d • • . ■ BUTTER.

M&rkeV steady, bnt j tendency to weaken towards the end of the week. Owing to expected discharge of several large consignments .which have arrived and. afloat, trade is of the opinion, that prices will decline. Irish, steady.

November 26th :r—Salted: 180s to 190e per owt, Is 1 ,7Jd- to'-lii B£d per. lb. TTnsalted:. 205s to 210s per cwt, Is lOd to la 10§d per lb. November 19th: —Salted: 184s to 196s per owt, Is 7sd to 1® 9d per lb.- Unsalted: 198s to 205s per owt,' Is 9£d to la lOd per lb. November 12th:—Not quoted. • Danish, irregular. ' November 26th:—225s to 236s per cwt, 2s to Helper lb. November 19th:-~248s to 251s per cwt, 2s 2id to 2s' BJd per lb. ' • V ; November 12th:—Not quoted. Australian.

November 26th:— Salted: 178s to 186e,'per cwt-, ]« -7d to' Is 8d per'lb. IJnsalted:. 106s to 200s- per cwt, -Is 9d to. Is 9Jd per lb. -November ,19th:—Salted: 176® to,186« per cwt, Is 6£d to Is 8d per lb. Unealted: 196s tj. 200b per cwt Is Od to la 9Jd per lb. November 12th: 165s to 180s per cwt,. 3 s sjd to 13.7id.,per lb. Unsalted: Occasionally 200 a per cwt,: occasionally Is Ojd per lb. -• - - : - - - .- • . . New Zealaild.

November'26th.:— 19Ss to 2»4fl per cwt, Is. 9|d to Is' &ld. perilb. November Mb:—l9Bs to 200s,per cwt, 1b 9Jd to is 9Jd per lb. November to 20Oa per cwt,-' Is 9id to l»'9id per'lbi . Argentine. November 26th:—160» to-184e per-cwt, le TJd t6- : ls«JdperUb. - • .'-... •; November ,19tb.:-:-186s to IMb per cwt, la 8d to la BJd per 4b.. November liith:— 130s to 183 a per cwt, Is 7Jd to Is-Bd.per;lb. , • . ■•-., Ruapehu l . will, commence to discharge butter on Monday," but Athenic and'subsequent arrivals delayed' owing to difficulty experienced'in mwing' meat <fchichiß on top. Government prices.—Following revision for period 25th November to 6th December: New' Zealand. First grade—l94s per cwt.,- Is B|d.per lb. Second grade—l62s per cwt., Is 7£d per lb.' First and. second grade" together—l92s per cwt., 1b Bid per lb. : '."■•■ •' > Australian. . First grade—l6ss per cwt., Is ssd per lb. Second grade—Not quoted. .First and second grade together—l6os per owt.. Is 6jd per lb. New ■ Zealand • whey—Reported that aj'i cleared. •' •. ■ , CHEESE. Market firm. • English—Finest farmers-: November .26th-rl3ss. to 146s per cwt., Is 2Jd to Is 3Jd per'lb.. November. 19th—130s to 140s. per cwt., le 2d to 18.3d per lb. . November 12th—180s to 140s per cwt., Is 2d to Is 3d per lb. -. ■ • Canadian—Steady:

November 26th—Whit©: 103b to U6s per cwt., lljd to;ls-0id per lb. Coloured: 102s cwt;.. lOJdjto lljd per lb. November 19th—White: 10(Ss to ll2s.per cwt., IOJd to Is per lb. Coloured: EfGs to 108s p»r oni, IOJd to lljd-p«c. lb., ; November 12th—White: 94 s to ' 104s per cwt-i lOd to lid per lb. Coloured: 90s to 98s per cwt., ,9jd to IOJd per 3b ■ ' ■ • New Zealand: I Ruapehu now diaoharging cheese, and oonditton 'and' quality roported good. November 26th—Wlite: 100s to 110s p«r cwt.. IOJd to llji per lb.' Coloured: ,92s to 106s, per cwt., 9jd to lljd per lb. . ■ November 19th—White: 94s to 106 a pel cwt., lOd to lljd per. lb. Coloured : • 86s to 96s per cwt., BJd to IOJd per lb. November -12th—White: 88s to 96s per cwt., 9id to IOJd per lb. .Coloured: 84s to 88s per cwt., 9d to 9£d per lb. • ' ' • Australian.

November . 26th—Whit©: Not' quoted. Coloured:'9os to 94e per cwt., 9Jd to lOd per lb. November 19th—White: Not quoted. Coloured: Not quoted. November '~ 12th—White: • Not quotedColoured: Not quoted. • HEMP. Manila market inactive but eteady. "J" grade, August to December shipments, quoted at £SB per ton, sellers. New Zealand market':continues' dull, and consumers show no/interest. Sepond-hsnd sellers quotations unchanged, viz.:— Spot highpointe £4O. No-vember-January • Bhiument• £36 10s per ton; fair £37.and. £34 10s. per ton respectively. wool.: • 'Sales'continue-without material alteration in prices. Competition improving, and larger .proportion'offerings have been- selling. Home trade continues interest in crossbreds. which are relatively cheaper than merinos. EGGS. Market firm for' beat, "which are i» small supply. Cheaper selections plentiful, and prices show some weakness. Present quotations per longhundred are: November 26th—English:,45s. Irish: -—■. Danish: 435, • 455. Argentine: 24e, 265. Styriffn:" 245, 255. , . November 19th—English: 465, 465. Irish: ' . Danish: '4os, 435. Argentine: 255, 265. Stvrian: 255, 26b. November 12th—English: 43a, 455. Irish: S6s,'3Bs. Danish: 385,"415.- Argentine: 255, 26e. Styrian: 255, 275. November 26th—Russian: 23a, 24a. South African: 26s 6d. Moroccan: 18s. Chinese: November 19th—Russian: 255, 265. South African: 28s, 295.- Moroccan: . Chinese: 21s, 235. , • . L iu :rovember 12th—Russian: 255, 27e. South African: 28s, 303. .Moroccan: 21«. Chinese: November 26th—Egyptian: 16s. • Roumanian :. 225, 24a. Not quoted previously. WEST COAST, DAIRY . PRODUCE. (SPECIAL TO "THE rKESS-''> GRETHOTJTH, November 29. Evidence of the growth of primary industries In .Westland is given by the fact that the Waipon, now loading at Grey, will take, among other cargo,* 1556 boxes 'of • butter, and 313 crates of cheese. Some of tho shipment, is consigned to England. i

FOREIGN - EXCHANGE RATES. (By Cable—Press -Association — Copyright.) (Austraiian and N.Z. Cable Association.) LONDON, November 28. The foreign; exchange rates are aa follows: . . London on Par. Nov. 21. Nov. 28. Paris, fr. to £1 . ... 25.225 56.90 57.10 Christiauia, kr. to £V 18.159 28.33 .28.03 Stockholm, kr. to £1 18.159 16.97 16.97 Copenhagen-, kr. to £1 18.159 21.58 21.67 Berlin, marks lo £1 20.43 11S0.C0 1037.00 Montreal, do! to .£1 4.96$ 4.37 4.33 Now York, do!, to £1 4.863 3.99* 3.993 Hong Kong, ster. to dol. • 33d Sljd Yokohama, st.-toycu' 24.58 32Jd 2Sgd Calcutta, st. to xpe. 10 to gold £ 16Jd 16id •*. Determined by price of silver. • THE WOOL MAEKET. LONDON, November 28. The--wool sales have, been postponed owing to the fog. • . . . ' The Bradford, market » quieter, ( and quotations, are tending iu buyers' favour. ' LOAN. LONDON, November: 28. The underwritprs of the South. African loan receive 83 per cent of the issue. . .' METAI/S. (Received November 29th, 11.30 p.m.) LONDON, November 28. Copper—Spot £67 8s 9d; forward £6B Bs9d. Lead—Spot £25 178 6d; forward £25.6*. Spslter-Spot £25 7s 6d; forward, £26 Tin—Spot £l€3.lis.3d; forward' fl« 7s 6dSilver—37|d per ounce., ' DAIRY PRODUCE. Dalgetv and Company,'. Ltd., have receivea the following.cablegram, from their; London office, 'dated November 25th:— -'Buttet-ilVket **«*■ f «iy? te Danish 225s to 2365, Australian finest unsalted 196s to: 200s, salted 178s .to lSte, eXd 168s to 1765, inferior 160s to 1645, New Zealand finest 1986 to 2045. prices Australian first' grade salted, andjmsalted- 165* second grade 185 a, d J£ a J 9 .115s; There is, more enquiry at prices named, hut stocks are, still large. , „„„ fj ..-w. w ■ "Cheese-Market steady. fpote^N ew Zealand coloured 935-to -106b, ■ -white 100« to • llto, Australian coloured 90s to 945, Canadian Ci.f. quotation 105s to 106s. DATEYING IN 'TARANAKI, • ■Dairying in'.tie'Taranaii district has ptov-' ed phenomenally good this seastm, and "arm lain is. inducing the growth 1 of-grass to a wonderful extent (says the 'dominion s. <**:. respondent)./ • This is (being, reflected in the output of'butter and cheese-in -the Taranaki province, Apart-from the extraordinary development of ■ dairying-via South, 3Wafa .,&* northern district .is contributing -very iusad3jr to the wealth of the jwn*'" during the pe«°d; S^temb ?L, U tST ber'23rd,'the produce received at the Taranaki Producers' 'Stores, Motutoa, represents an increase of 1,000,0001b .of- <butter-fat, compared' with the, same period lasVyear. me total in 1920 was • 3,391,9851b, and *w-ye»r 4,968,5701b. representing an increase of 2a neV cent. The amount of butter . received represents an increase of 37;000- boxes, while cheese has decreased 12,800 crates in the. period referred'to. According Jj> the ciner grader at the Moturoa' stores, ptWiotaon had fallen 'off during .the war, and. for the three months September to November' last year's 'figures showed ' that the output was still, Under the 1914 level. This year, however,.an increase of 14 per cent, over 1914 ihas been recorded so far, and as there is no. further diminution of the, milk flow, a further increase for the season will be very substantial indeed. ,-..'-. PAPER FROM ALASKA. Few of us realise the bulk of "news".and similar grades of paper required'by modem , countries, says "The Times." Most of it is manufactured ', from 'soft woods, chiefly coniferous trees,' such as sprupo, larch, and hemlock. According to a recent estimate, the Annual consumption in the United States of America is equivalent to the. produce of six million cords of wood. A cord is 128 cubic feet. Seven hundred and fifty million cubicfeet of timber required for thie-purpose onlyi ! in a single country! No wonder there i» anxiety throughout the world as to the depletion of forests. The national forest* in | : the territory of. Alaska are estimated to con- ! , tain over 100 million, cords of soft wood tim- ' ber; that is to say, not more than enough to supply the. TJnited States for sixteen or • seventeen years, t But the Forest Service of the National' Board .of Agriculture, which ; controls the forests, say that under'scientific management the yield might come to be : 2,000f000" cords annually for all tone- ,TJ»y have i sold, under very strict conditions, a < million cords to the Alaskan-AmQricari Paper : Corporation., The sale area extends for fifty miles, along the coast. ■ Pulp mills are to be erected, and electric power is to be derived from the abundant water power of the locality. Another . and even larger block is ready to be sold., It will be several years, hownvAr. before tliis' Alaakan Train can ba

placed on the market, and even then it will do no more than relieve the existing pressure. Jt is inevitable that virgin forests in every part of the .world will be sought out wherever power is available for tie necessary machinery. This destruction will ba

disastrous- unless it'is accompanied by expert ' supervision of the> processes of clearing and replanting. The United States- Government, have done well to protect Alaska, from the' reckless exploitation from which. large areas in other. parts of the United States have suffered. THE T. AND G. MUTUAL' LIFE. ' The report of the directors of the Australian Temperance .and General Mutual Life Assurance Society, Ltd., which holds its annual meeting, in Melbourne on December 16th, indicates what appears'to have been a very satisfactory year. The, new business in. tie ordinary and industrial departments, combined, showed an increase of 2735 policies, and £1,492,677 of assurance over that of the previous year. A comparison of progress shows:—. New Business— Policies. Assured. Ordinary Dept. ... 18,365 Industrial Dept., '.. 87,463 . £3,849,565 Total ' .. 105,828 £7,394,568 1920. 1921. Accumulated Funds £3,935,322 £4,643.745 Interest. rate .' .. £5 4sod , £5 65.,7 d Total Income .. £1,200,487 £1,422,521 Of the total assets, 72 per cent., or £3,702,253, is invested in Government or municipal securities, considering which fact an interest rate oi £5 6s 7d--is satisfactory. The actuary's Teport shows that after providing for liabilities of £4,513,767, the surplus was £129,978, .of which £85,562 arose in the ordinary department, and £44,416 in the indue trial department. The reversionary bonuses thus provided, for wilf be on the same scale as last year. In the ordinary partment new series, temperance • section, they range,'for whole life policies, from 36s per cent, for a policy one year in force up to 60s par cent, for a.policy 20 yeata in

force, and for endowment assurance policies from 26s to 50s per cent. In the industrial department, for all weekly premium paying policies, the scale will provide reversionary bonuses equivalent to ten- weeks' premiums on policies over five years and iip to ten .years iu force, and eouivalent lo 20 weeks' pjremiuuvs on all policies over ten years in force. The .actuary recommends that the eurplus-t-which includes' the amount brought forward from last year—be dealt with, as follows: Ord. Dept. Ind. fepf. To Staff Pension Scheme £6,000 £6,000 For Reversionary Bonuses £79,19(5 £36,339 Carry forward .. £366 £-2,077 £85,562 £44,416

DTISTEDISf FRUIT MARKET. (SPECIAL.TO "THEFEESS.") DUXEDTS, November 29. American sipples, mostly Jonathan, are the high-coloured apples in the Dunedin shops.just. now. Local bright skinned sort* are mostly over, save for a few Rokewoods. The Sturmers are keeping very Troll, and coming out of cool store in fair quantity.' Some Ijuyers, however, lite showy fruit, and it is ■understood that some of the Central Otago growers propose to cater for that preference by planting more trees of the' Democrat and Ta*man variety. CANTERBURY MARKETS. Tuesday Evening. The, produce trade, is practically cleaned, up for the ,year in Christohurch,' except for the transference of a, few. small lines of. potatoes. Merchants report that practically no business is offering, and a revival of trade is not expected until tho new crops become marketable.. . Reports, of ..the wheat crops in other parts o ? the world give some encouragement to th.9 hope that' the,'market',, abroad • may recover, and •eo establish a demand for the surplus wheat ,that it,is probable New Zealand will have on hand for export In. October a- Cana.T dian authority stated :—"The wteat crop in the United States and Canada, this-year is considerably above pre-war normal, .largely on account of- an increase in acreage. In \Vestsrd Europe, and especially France, the wheat crop is nearly back to the pre-war -o-rroal. The famine'dn Russia, and India., however, and the drought' whioh now seems to be 'matsiialisi n S in Argentina, are saich as to malte"tho.world wheat situation unusually critical.' The eitua--tion>is not yet as bad as it was in 1917; but. it is much worse than people have been reus-ing."-v ..._,. The.. following aie nominal quotations for produce to' be paid, to farmers at .country stations, free o f commission, sacks 'extra, except where otherwise,stated:- 1 - Milling to Government. frice: Tuscan 7s IOJd. f.0.b., ;Hunters 8s IJ°-, ©ari:Bs 4Jd. - . Oats—A - Gartons 2s'Bd.to 2s 9d, B'e 2s 7d, Algerians 2s- 6d to 2s 7d. Chaff—£3. , •.:' .'••'" Perennial .Kyegrass-^3s'6d'{undreesed). Italian Ryegrass—3s 6d (undressed), Cowgrasis—lid to; Is Id. ' 1 Barley—3s to 3s 6d. . Potatoes—2ss to 30s. Linseed—£l3 to £l4. "White Clover—l» to Is 4d. Flour—According to Government ■ price, £2l pox torf 1 f.0.b., Lyttelton, Timaru, and Oamaru. - •. Bran—According ta Government price, £6 to £6 10s per ton, according .to packing, f.0.b., southern ports. Pollard—According to. Government, price, £9 to £9 10s, according to packing, f.0.b., souther*, ports.. ASHBURTON,MARKET. , j The entry of fat sheep at the Aehburton I yards yesterday'was 138 ewes, 100 wetheTSi -29 lamb 9, and three hoggets. As shearing is now in full ■wing in all the upper parte of the district, the attendance was only about half the usual nunfber. The total of the fat sheep forward did not exceed butchers' requirements, with a result that there was an allround increase of about 2s par head in prices as compared with those realised at the Tiawald yards last week. Ewes (all shorn) brought.9s id to. 12s 9d, wethers 143 to 18s 9d, prime lambs. 15? to 20s 9d, and second quality 10s to 12s 6d. The principal sales were: — ■ \ ■ Ewes—2o at 9a Id, 18 at 9s 2d, 4 at lis, 11 at 10s 3d, 11 at 10s lOd, 10 at lis Id, 16 at 12s 9d, 32 at lis 6d, 17 at 9s lOd, 17 at Bs. Wethens—lS at 14*, 21 at 6 at 183 3d, 5 at 17», 3 at 15s Bd, 5 at 14s 6d. Lambs—6 at 20» 9d, 4 at 15s, 3 at 14b, 4 at 12s 6d, 2 at lis, 2 at 14s, 4 at 17s, 6 at 18s, 4,at 15s. Cattle—There were a. few-.nice quality medium weight cattle, but there was no advance in prices. Fat steers made £5 12s 6d to £7 17a 6d, fat cows £6 to £B, fat heifers £4 2e 6d. There was but little demand for stores, but. there was an upward tendency in the - prices for yearling steeiß, which, brought from £1 10s to £1 14s. Springing cows brought £5 5s to £lO 10s, and nine-months-old heifers 18s a head; I RANGIORA MARKET. There was a full attendance at the Rangiora market yesterday, but business was generally dull. The entry of sheep coneiEted of 200 fats md 904 stores. Prices for the fat sheep were:—Wethers 13s 6d to 21s 9d, ewes 7s'Bd to IS* Id, hoggets 16s 8d to 17s 6d. Stores were almost unsaleable. The 10t.3 disposed of were:—2B sound-mouth ewe& and 3G lambs at 9a, all counted, 43 aged ewes and 39 - lambs at 6s 6d. all counted, 37 do. and 33 lambs at 7s 6d, 35 two-tooth Fhorn ewes at 13s 7d, 29 four-tooth shorn ewes at 12« 4d, 280 woolly hqggete at 10s 6d, '34 at lis- 9d, 14 at lis ld v 8 at 13s 4d, and 25 shorn wether hoggets at 9s. The yarding of cattla totalled 119 head. Cows in profit sold at £1 5s to £7 10s, be3t springera £9 to £ls -ss, two-year-old heifers £4 to £5 6s. fifteen months' heifers £3 to £4, yearling steers 25s to £2, fat steers £B, and ' bulls £1 to £3. • About 200' pigs were disposed, of, bacone'rs making £3 to £4 15s each, porkers 50s: to 655, good stores 40e to 555, others 30s to 355, small stores 10s to 2Cs. In the poultry department roosters sold to 12s 6d a couple, hens Bs, ducks 6s, and chickens I*.In the produce yards chiciwheat 26s a bag, oats 12s, Cape barley 16s. Chevalier barley 18s, pig meal 15c, oatsheaf chaff ss, straw chaff 2s 6d, table potatoes 4s to as, seed potatoes 36 to ss, apples 5s ■to 10s pet caee, onions 2s 6d for 241b kit. .'■ ' BURXSIDE MARKET. (rBXSS IfISOCIATIOK TKLEOBIM.J

injNEDIN, Xovember 29. On account of show -Reek, the stock tales at Burnside were held today.- Usually on euch occasions the yardinss are small, but on this occasion there were excellent yardinga of lambs and fat cattle, with moderate yardings of sheep and pigs. The cjualitv on the whole ■was good, and prices for sheep were equal to lato rates. This was causrfl by the emaller yarding offered. The fat cattle market lacked buoyancy, and the prices realised failed to reach last week's rates. Fat a yarding of 232 head of good quality. The sale oi>*iiert with a very tucklv, tone, buyers-assuming a. maat..indifferent attitude. Prict* were <even lower than last -week's low iat?s, heavy cattle showing a

.decline of 10s 6d per head. Prime ox beet was worth up to ?6s per 1001b. Prime bullocks realised £lO to £l4 10a, medium £8 10s to £ll, light and unfinished sorts £7 and upwards, inline heifers £9 to £lO 10b, medium £7 Ms to £8 10s, light -and aged £5 upwards. Sheep—There was a yarding of 1567 head of i fair quality. The sale opened slack at prices about on a par with late rates, but competition quickly improved for handy weights, and prices advanced Is per head. In the case of heavy weights, however, there wae another decline, which ranged from Is to Is 6d per head. Prime- wether mutton was worth up to 3|d per lb, and heavy weights id' per lb less. Prima woolly..wethers made 315.6 dto 25s 6d, medium 10s to. 21s, lighter kinds 16s and upward*! woolly ewes 12s 9d to' 18s 9d, extra prime heavy-weight shorn wethers 23s 3d, primo 19s-to 22s 6d, medium 16s 3d to 18s Sd, lighter kinds 14s 6d and upwards, shorn ewes 12s to 15s 6d. Spring Lambs—There was a yarding of 430 head of good quality. There was good competition, and prices realised were equal to last weeS's rates. Values ranged from 14s 6d to 25s 6d. Prime lamb vraa worth, in the vioiniiy of 7d per lb. Store Cattle—A small yarding was offered, the quality and breeding of which were not good. There was a slack demand, and sales were ddtficult'to effect. Pigs—There was a medium yarding, all classes bring represented. Suckers, and email pigs sold exceptionally well, while larger pigs realised prices about equal to late rates.'Best baconers made from 7d to 7Jd-per lb, and best porkers from 7Jd to 8d per lb. EGG; AUCTION. M*ser* Harris Bros, report that tihft weekly auction sale of Feather brand guaranteed rresh eggs,' on behalf of the Canterbury Egg Farmers' .Co-opeTative, Association,-, was held in their TOpms, 158 Hereford street, yesterday afternoon. There were large entries, end they wore' all quickly sold- at the following prices: —Hon «ggs, first grade le- 8d to.ls'SJd, second grade Is 2d to Is 2Jd, duck eggo Is 2d. 6 CHRISTCHURCH STOCK EXCHANGE. '. YESTERDAY'S TRANSACTIONS. . Sale on 'Change—Bank of Australasia, £B6 'los. I • LATEST QUOTATIONS. Buyers. Seller i. ' £ s. d. £ s. d. DBBENTUBESN.Z. Govt. 4J per oent. Bonds, .1941 ..-- . -. ...85 10 0 ■ N.Z. Govt, oi per-cent. ' Inscribed, 1933 ■•; N.Z. Govt. 5J per cent. Inscribed, 1933 '.. 92 0 0 BANKS ,;■ Australasia. ..; 85 5; 0 National of N.Z. ... .5 13 .6- —, NewvSontlr Wales ' .. . TTnioa, of Australia. ...'.—'' ,11 17 6 Union of ■:. Australia, "new" - i 9 0 111 0 LOAN AND AGENCY— Goldsbrough.Mort(Melb.) .111 « SHIPPING— Union (54 per oent cum pref.) •• - - 0 Ifl-« 019 0 FROZEN MEAT— . . / N.Z. Refrigerating ' (£1 , paid) .. ■• N.Z. Refrigerating (10s ' >paid) .. '■ •• »J6 0 N. Caoter&nry Freezing COAL— Westport-Stocktbn' (8 per cent, non-cum ' , pref.). • .... •>. - 010 6 WOOLLENS- . . , ... Kaiapoi (£1 paid) .. ; , 1 5 3 .16.0 Kaiapoi (10s paid) .r 0 I*o 'GAS- ■ • .' • - •' I Christohurch « BIT S ~' MISCELLANEOUS— \ N.Z. Drug Co 212 0 313 6 N.Z. Farmers' Co-op. (£5 . I paid) ■• ■.-..- -. •.*•" ° N.Z. Farmers' Co-op. (£2 . | paid) ..■■ - I'M 6 N.Z., Farmers' Co-6p. (6 ■ ' per. cent, cum pref.) ■ 4 12■ a , N.Z. Farmers' Co-op. (6per cent. • pref. re . , ■ . | div. only) - ■• ■■* 0 0 Whiteombe and Tombs 215 0 —, , MINING—- ■• Mt. LyeTJ . .. •■ « W J. „ ~ . ! Waihi Grand Junction 88 3 0» 0 : AUCKLAND. November 29. Loan, (1930), £39 16s; SoldierE 1 ! Bonds (1933), £92 2s 6d} New Zealand Inscribed Loan (1938), £BS ss; South British Insurance, 34s 9d; P. and 0., at £3OO. Ka-iiri-Timber, Qss 6d; Waihi, 21s; Waihi Grand Junction, 8s 7d'. .-.-«« WELLINGTON, November 29. Sale on 'Change—Union Bank, £ll 76 6d. AUCKLAND STOCK EXCHANGE. (SPECIAL TO "THE PRESS.'') AUCKLAND, November 29. '.Bank, sellers £fi. , buyers, £5 14«; Bank of New Zealand, sellers i £2 99 buyers £2 8s 3d; Union Bank of ! Australia (new), sellers «E4. 12s 6d buyer* £4 9s'6d; National Insurance, sellers £2 \ 19s, buyers £2 17s; New Zealand Insurance, buyers £1 8s 8d; South British, sellers £1 15s, buyers £1 14s' 6d; New Zealand and River Plate, buyers 17s 6d; Loan and Mercantile, sellers £Bl 10s. buyers £79 10s; i Westport-Stockton Coal, sellers 7s 3d, buyers 6s 3d; Huddart-Parker (ord.), sellers £3 4* 6d, buyers £3 3s 6d; Union Steam (pref.). sellers 19s, buyers 18s 6d; Kaiapoi Woollen (10s paid), buyers 12s 3d; Colonial Sugar (Fiji), sellers £10: Waihi, sellers £1 Is 6d, buyers £1 Is; Waihi Grand Junction, sailer* 8s 3d, buyers 8s 6d; N.Z. War Loan, 1930, sellers £9l, buyers £B9; 1938. sellers £BS 10», buyers £B4 17* 6d; 1939, buyers £B4 17s 6d; 1927, sellers £92, buyers £9l. WELLINGTON STOCK EXCHANGE, (special to "the press.") WELLINGTON, November 29. Quotations—4s per cent. Stock and Bonds, buyers £BS; 5J per cent. Stock, 1933, sellers £92 7s 6d; 5 per cent. P.O. Bonds, 1930, buyers £9l; Bank of Australasia, buyers £BS; National Bank, buyers £5 14s; Bank of New South Wales, sellers £36 15s; Bank of New Zealand, sellers 495; Union Bank, buyers £ll 17s, sellers £l2 Is; Wellington Gas (£lO .paid), buyers £7 17a 6d, sellers £8 10s; Wellington Gas Debentures, sellers £101; New Zealand Insurance, buyers 28s 3d; Smith British Insurance, buyers 34s 6d; N.Z. Refrigerating (20« paid), sellers 295; N.Z: Refrigerating (10s paid),.sellers 16s 6d; Gear .Meat, eellers 31s; Meat Export (72* 6d paid), sellers 61s 6d; Huddart-Parker (ordinary), sellers 44s 6d; Waipa Coal, buyers 14s 3d; Westport Coal, sellers 275; Leyland-O'Brje-n Timber, buyers 30s; TaringamutuTotara Timber, sellers 27s 6d; Ward and Co.. buyers 20s; Wilßon's Cement, buyers 15s; Sharland and Co., buyers 19s 6d; Blackwater Mines, sellers 56; Waihi, sellers 21s; Grand Junction, eellera 95.-