COMMERCIAL.

Press, Volume LVIII, Issue 17624, 29 November 1922, Page 10

COMMERCIAL.

f_ TEN MONTHS' EXPORTS. SHRINKAGE OF £2,000,000. Tbe value of the exports from New Zealand for the ten months ended October 31st totalled £36,740,546, as compared with £38,649,934, in the corresponding term of 1921, showing a decrease of £1,909,388. The figures for October were comparatively small, being only £1,594,751, or nearly a million less than in September. The values of the exports for each of the ten months compared with the figures for the corresponding months of last year show as under: —

There is not much value in the comparison, because the totals have been affected by shipments of accumulated stocks* The principal items of the exports compared as under:

The drop in frozen meat amounting to About £2,600,000 was mainly due" to the slumpjn beef and the fall in the prices of mutton and lamb. . Butter and cheeaTalso show heavy shrinkages. ': WHEAT CROP ESTIMATES. , DECREASE IN N.S.W. AND VICTORIA.

■"■ Now that the condition of the wheat j crops in Australia can be more safely gauged, interest is centred on the probable yield Shis season (says the Melbourne "Argus" of the 16th inet:). In Australia and Queensland official estimates of yield have been made, While those of South Australia and Vic-, toria are unofficial. The estimate from New South Wales is stated to be an expression of opinion by those closely m TtdubfcT.with the condition of the crops. That State, unfortunately, has Buffered Severely from lack of ram, and the crop ihis year is not expected to yield more "than- half of the total for last season. At one 6tage, both the Victorian and •South Australian crops were threatened 'adversely, but general rainfalls in most ,w the wheat-growing distoicts of both. ' chang&| the~ pros-* . Tjji South Aturtralja the forecast is for , v 'more than 2,600,000 - Sttshels .this, season,- and, in western , , •> MstralfaVeain of more than 2,000,000 1 v prfldic£edr Victoria will not fare so weljthis year, as the Mallee and ' crops have not had the reemi--4 rate moisture to ensure full yields. The •Opinion 'is held that there will be a redaction of more than 7,6002000 bushels iii.the last crop. The Australian yield ekhh season will probably be about , :iO3jSOO',OQO bushels, or 25,000,000 >ushe}s Jess than the production for > rIS2I-22. The estimated yield of wheat j ' ' cjf'fbe Cqnunonwealth for the current i- -gt^n-compares with the afctuaj' pros j i Juutgon for last year as follows: Vflw' 1 ' '* ' ' .1&21-22. ir :fcf* ' « > ,B6shels. * Bushels. WSBiPWfv «■• !",♦;> W,176 50Q,000 '.*.. 103,638,000 for AwstraIMWWW when- 179,065.703 garaered, whUe in 1916-17 WtwffiawSM*, wcom yield was in 1915-16, was 58,721,706 KjymHW ' INVESTIGATION,. November pjn.) B&SSWV M&pXIB, Novsnber 27. Sanders, Minuter or Agin the' House of proposDepartmental Gomdbtlyhexeby the diitba prices paid to profbaifVpaid by consumers .as regards agrlW^lWWatland'dairy, produce. \iwUXUL Company have seen a, |fe&» c With, the result that f^^l J S^%l***^' :fa ** 1 818 *d to 88s 9d luaja u Stu"').' This is no a^^awbt^'*^-* fuller realwation of the the been sent to the head office, ing that the'average assay value ird. South in the drive at No. |JS 4s 6d per ton. The wgnific*ne*s is" that -saome time ago, rath on the .Edward lode were »w,No.«level beyond the point ode functioned with the Royal. 4.c«* SK .^ r > «»a * years ,a«>; but rf daring south has disposed ?*$ *R ZaluMaad not extend ist direction. No doubt driving ' done ''south at No. 9 level to 'allies' ezkt them as the faces ri jvm stopped ate still north pepa? at whioh values have now been S&A&ttESfK ■'% S K™? 1 (Auckland) yr,r.V«^P^ ? #Bn»n? led i' e * rl y w *•» New Year " < \/ transferred to Mataura. , -\^TP#* ,! Jfil*». !«•,. already ha, »* *'h'" &mf sttsJMwnd. A| Mataura the oampany* ■&-% i v M*U&'JO than any other tyFvrttatp* all its products under the one roof, ; -The .change .will make no tw'iortheracufltomere as far as S»iill]gW*lbe wills were eftablished, and, at the

HIGH COMMISSIONER'S REPORT The Department of Agriculture ha 3 received the following cablegram, dated November 25th, from the High Commissioner <for New Zealand, London: — MEAT. Trade is quiet. New Zealand mutton caniot be quoted. Ewes are unchanged, and lamb is slow. Supplies of chilled beef ere somewhat short. New Zealand frozen beef is unchanged. New Zetland mutton—Ewes, 6id to 7d. . New Zealand lamb—Best quality, lightweight lljd to Is OJd, heavy-weight 10Jd; North Island, ordinaiy lljd, second class quality lid to lljd. Chilled beef—Fores 4Jd, hinds 6Jd. New Zealand beef—Fores 3Jd, hinds 4sd. BUTTER. The market is dull. Buyers are holding back on account of declining prices. . New Zealand, salted, 2025, 2065, 208s per cwt; unsalted, 2125, 218s per cwt (Is 10£ d to Is lljd per lb). Australian—Salted, 1965, 202s per cwt (Is 9d to Is 9Jd per lb); unsalted, 200s, 206s per cwt. (Is 9Jd to Is lOd per- lb). Argentine—Unenlted, 186s, 200s per cwt (Is Bd, to Is 9jd per lb). Canadian—legs, 194s per cwt (Is BJd to Is B|d per lb). Irish Creamery—l96s, 200s per cwt (Is 91 to Is 9Jd per ib). Danish—2l2s, 214s per cwt (Is 10Jd, Is lid per lb).

The s.s. Port Napier has arrived, and her shipment of butter is in the market. CHEESE.

The market i 3 quiet and steady for all descriptions. English—Finest farmers'. I.los, 135s per cwt (Is 2d to Is 2Jd per lb); fine, 113s, 126s per cwt (Is OJd to Is ljd per lb). Canadian—Coloured, 1245, 126s per cwt (Is lid to Is Ud per lb): coloured, fine, 122s per cwt (Is Id per lb); white. 124b, 126s per cwt (Is ljd to Is Ijd per lb): white, exceptional, 12a? per cwt (Is' ljd per lb). , New Zealand—Coloured, 1245, 126s per cwt (Is lid to Is Ud ner lb): white, 1245, 128s per cwt (Is lid to Is IJd ner lb). HEMP. There is fair trade in Manila and prices am firmer. "J" grade. October-December shipments, Bold up to £3l 15s- per ton;' No-vember-January shipments, £32. New Zealand market continues duil. Nominal quotations are:—Highpoints, November-January shipments, £32 per ton; fair, £3O per ton! WOOL. Sales continue to be well attended, with competition brisk. ' Merino is now quoted from par to 5 per cent, below the October rates. Under the influence of American competition medium crossbred is hardening to 15 per cent, and coarse crossbred 10 per cent, above October prices. ' EGGS. The market is" weaker and prices are lower. Dutch, English, French, Danish, 28s, 365; Italian, South African, Brittany, 235, 255; Argentine, Canadian, American, Lithuanian, 17s, 19s; Egyptian, 12s 6d. FOREIGN EXCHANGE RATES. (By Cable—Press Association—Copyright.) (Australian and N.Z. Cable Association » , LONDON, November 27. The foreign exchange rates are as follows : Lbnctan on Par. Nov. 23. Nov. 27 Paris, fr. to £1 .. 25.255 62.15 61.05 Christiania, kr to £1 18.159 24.62 24.33 Copenhagen, krto£l 18.159 22.16 22.17 Stockholm, kr to £1 18.159 16.75 16.73 Berlin, marks to £ .. 20.43 28,000.00 35,000.00 Rome, lire to £1 .. 22.22J 95} 93J Montreal, dol. to £1 4.86J 4.49J 4 6-Ji New York, dol. to £ 4.86f 4.50§ 4.50? Hong Kong, dol to £ * 28Id 28Jd Yokohama, at. to yen 21160 25 15-1665 26d Calcutta,, at. to rpe 10 to gold £ i 151 lod 'Determined by price of silver. RlStf IN RUBBER. EXCITEMENT IN LONDON.

JBy Cable—Press Association—CopyrlgM.) . (Australian arid "Z. ■ Cable iKecelved NoremDer 28th, 8.45 p.m.) LONDON, November^ There have been creating soenea on the rubber market at Wincing lane. Prices are rising and everybody is scrambling : to buy the email lota offering. The market closed at 13|d per lb, which was a rise Of One halfpenny on the day and the highest / pnce made sinoe the restriction by means of an export duty came into force. JulySeptember rubber ,i» quoted at 15d, for which price sellers are holding. Stocks in London are now 68,000, tone. The rise in price since the irtroduction of. the restriction scheme has added £4,000,000 to the value of the London stocks. .

TRADE RECIPROCITY. CANADA ASS AUSTRALIA. \ (By CaMs—Prest Aaweiatioa--C*oyiight) , (Australian and N.Z. Cable Association.) 1 MELBOURNE, November 28. An 1 agreement has sot yet been reached between the Eon. J. BoM» (Canadian Minister of Trade and Commerce) and the Federal Minister of Customs, Hon. A. S. Hodgers. Australian." timber interests object to tariff concessions on American t hardwoods. Mr Bobb has little to offer in return for the concessions, as tho balance of trade is greatly in , favour of Canada.? LONDON WOOL SAXES. (Received November 28th, B.IS p.m.) 1 LONDON, November 27. At the wool sales there was a. good offering of greasy merinos and a fair selection of orossbreds. Competition for beat sorts Wtw keen!, but there was some irregularity in average /sorts, especially Australian faulty and scoured orossbrecte. A New Zealand lot "Tui" made 23d. , The Department of Agriculture has received the fallowing cablegram from the High Commissioner for New Zealand, London, dated 23rd'instant:—"Wool sales opened Wednesday with very large attendance and active competition from Homo trade and alao foreign with the exception! of Germany. Merino was offered sparingly, and prices declined about 6 per cent. There was a good American demand for fine and medium crossbred,' which realised respectively 5 per cent, and 10 per' cent, -above closing rates October series. Coarse crossbred brought. 6 per cent: above last rates." BRADFORD TOPS MARKET. ~" (Received November 28th, 8.15 p.m.) LONDON, November 27. At 'Bradford there is a firm tone. Merinos are slightly stronger, sixty-four's quality 60d to 62d. FROZEN MEAT MARKET. Tha New Zealand Farmers* Co-op. Associati<Jn of Canterbury, Ltd., have received the ; following cablegram from their London office:—"Frozen Mutton—Advance in price ' owing -to scarcity of supplies. Wethers 8d to :9id per. lb, ewes 6Jd to 6Jd- Lamb—Market, weaker, account Australian and Argentine competition. TTp to-4Slb Is to Is id per lb. Beef-rChilled plentiful; froien, demand falling off. Frozen hinds '-id to Sd per lb, frown fores Bid to_BJd per" lb." DAIRY PEOLWJE. The New : Zealand Loan and : Mercantile Agency Company, Ltd.,. have received the fol- ' lowing cablegram from their London! office under date 24th instant: — "New Zealand Butter—Salted 204s to 206s per cwt, unsalted 212s to 218s per ewt. ; "Cheese—l24i to 128s"per cwtT Markets quiet." SHAKES. (By Cable—Press Association—Copyright) '(Australian and N.Z. Cable Association.) (Beoeived November 28th, 8.15 p.m.) , , LONDON, November 27. P. andO. (def.)— Buyers £330, sellew *330. WaShi—Buyer* Ste Sd, wUea Mfc. .

' CANTERBURY MARKETS. Tuesday Evening. The buoyant tone which was evident in 'business circles last week is being niainI tained, and merchant* are experieaeing « I busy time for this period of the year. Unfor- • tunately the trade that has grown up with [ Australia during-the last few weeks is being interfered with to some extent by the ship.-i&g , hold-up, but it is hoped to Bend a quantity of stuff away during the next few days by the Waihemo and tne Vaiaouaiti. 'liieie is every prooauiliiy oi tne tra„ic Deiflg kept up. Most of the business .nth Australia is being done in under-gruco oats, but there is little doubt that potatoes wou.d also be bought if the embargo against tbeir importation were liitea.

' With regard to potatoes, forward business has already been done by merchants on the basis oi £4 i.0.b., s.i. Whether this is good business remains to be seen. Last season, owing to the financial depression, fanners were practically compelled tc sell ai me prices offered. There is a different state oi affaire, however, for tbe new season. The better prices realised so far for wool and other products will allow the furmcr to h&ng on longer to his potatoes. Should the u *' tralian embargo bo removed, potatoes would immediately jump up, with the result that to fulfil their orders merchants would have to pay a considerably higher price than .that at which they have done their forward 'business.

White and red clover, particularly the former, is very firm at present, London being prepared to take as much as can be supplied. Chaff is enquired for, but stocks are low; in fact, there is a temporary shortage. The following are quotations for produce to be paid to farmers at country stations, free of -commission, sacks extra, except where otherwise stated ;

Milling Wheat (maximum prSen)—According to Government prices: Tuscan, 53 IOJd, 1.0.b.; Hunter's, 6s ljd; Pearl, 6a 7> s d. Fowl Wheat—4s to 4a 4d, f.o.b. Oats—Gartons, A's 2s 7d to 2s BJd, B'e 2a sd. Ghaff—£3. . White Clover—ls 4d to la Bd. Cowgrass—lOi'A to lljd. Linseed—£l4 10s. Cocksfoot—lid to 4Jd. Italian Ryegrass—3s 8d to 4s. Perennial Ryegrass—3s 7d to 4s. Potatoes—£s 5s to £5 10s. Flour—According to Government prices: 2001b sacks £l3, 1001b bags £l4, 50lb bags £l4 10s, 71b bags £ls. all at per ton f.0.b,, Lyttelton, Timam, and Oxmaru. Bran—According to Government prices: £3 to £5 10s, according to packing, f.0.b., southern ports. Pollard—According to Government prices: £8 to £8 10s, according to packing, f.0.b., southern porta. RANGIORA MARKET. The market at Bangiora yesterday waa not a large one, the entry being made up of 235 sheep, 88 head of cattte, and 170 pigs. Fat .wethers sold at 295, short fat ewes at 17s lid to 22e 6d, ewes in the wool at 29s 6d, and four-tooth wethers ■unshorn at 31s. -vi. Stores sold as follows: ewe lambs at 16s 10d, 18 two-tooth shorn wetherß at-16s 9d, and 26 at 15s. Cattle—Springers made £5 to £7 10s, springing heifers £4 to £7 ss, cows in profit up to £8 10s, store cows 20s to 60s, and yearling heifers 40s to 52s 6d. S'igs—Heavy baconers from 60s to 63b, liglit 48s to 58s, equal to 6Jd to 5Jd per lb, porkers 36s to 445, equal to 6d per lb, large SSs, and weaners 12s to 245. In th'B poultry department roosters sold to 6s a couple, hens 4s to ss, ducks Bsy. aid geese 8». In thW produce yards chick wheat sold at 16s to 20s a sack, oats 15» ; meal IBs to 18s, Cape barley 13b, table potatoes. 8s to 10s, seed potatoes 6s to 6s, apples 4s 6d a, half "case, peas 2s a peck, cabbages 8s a dozen lettuces la dozen, and cauliflowers 6s 9d a dozen.

ASHBURTON MARKET.

The entry of fat sheep at the Tinwald yards yesterday comprised 42 wethers, 188 ewes, 10 lambs, and 25 hoggets. Bidding waa keen, and. there was a rise in prices of 8s a head on the wethers and 4e on ewes. Shorn wethers made 22s 6d to»ss, and wethers, in the wool 85s ■ 6d, shorn ewes made 21s to 295, and ewes in the wool 23s 9d to 82s. The principal sales were:— 4at Sss 6d. ■'. . ,„, „ * Eweß-Shorn, 9 at '24s sd, 6 at 21s, 6 at 255, 18 at 24s Bd, 17 at 295; "in the wool, 12 at 325, 20 at 15s, 10 at 23s Bd, 11. at 33s '' Soggets—lo at 225, 1&t 22s 3d. Stores—The yarding .totalled 710, including 162 lambs, out, of which 607 were passed at auction. The. principal sales were.-9 failingmouth, halfbred 'ewes at 9b, 84 sound and failing-mouth throe-quarterbred ewes, and 81 lambs!at 18s lid. , . _ Cattle—There was a good yarding, but * poor ■sal*. Fat steers brought £6 2s to. £B' 12s 6d, heifers £2 8a to £6, cows £1 5s to £6; springing heifers brought £8 7e 6d. / BURNSTDB MARKET. , .■ ■ / ■ ' (PEKSS ABSOOUTTON THLTORiIt.) IMJNKDIN, November 28.' : Fat oattla were in ehpit suppiy at Burnaide to-day, • and, as a result of spirited bidding, prices showed an advance of tully l2s 6d to 80s per head above last week's rates, . Fat Sheep—'i'here wis a moderate entry/ of 1948' head- composed principally of heavy and light-weights, good medium class sheep being soarce. Competition was very keen, anu prices all round showed an advance of about 2s per head as compared with last- week's rates; Light ehorri wethera realised from 6jW to 6Jd per lb, heavy sid to 6id, and ewe jmitton 4d to 4Jd. Extra prime heavy-weight woolly.' wethers ' realised-from 48s 6d to 68s, prim© 88s to 46s 9d(- medium 24s 6d to extra prime heavy-weight shorn wethers 38a 6d' to 425, prime 30s to 37e 7d, mediuni_243 to 295 : 3d, prime woolly ewes to 60s, medium 85s to'4ss, lighter sorts up, to 28s 6d,' prime shorn, ewes up to 85e, and medium 20s 9d to 80s 6d. . • : !, ; : ' / ' Fat Cattle—l4o head were penned against 299 last- week. Owing to thj> small yarding, prices advanced 12s 6d to.3(|a-per head. Good light-weight bullocks realised 31s to 34s per lOOlb, extra heavy. 28s to 80s, extra prime heifers 25s to 27s 6d, and light heifers" 20a to 22s 6d. HeaSy-prime bullocks made from £l4 2s 6d to £1«, prime- £l2/los to £13:155, medium £lO to £l2, lighter sorts £8 to £9, and prime cowa and heifers £5 15s to £6loa. • „,. . ■ ... ■ ■_,: Store Cattle—There was a medium yarding, f which included' a' few pens of three and four-year-old bullocks from the Waimate district." Theße were not in a very forward condition, and eold up to £6 13s per head. There was a very poor demand for young l oattle and half-fat cowa, and many were passed unsold.- , . Pigs-; There was a large yarding, all, classes !,being represented;. There was a keen.demand for prime baoonera. Best baconers realised ; from 6d to 6Jd per lb/and best porkers from 7d to 7Ad per lb. -Fat Lambs—2so lambs _ were offered, which was the .largest, entry-this ee&eon." Competi-' tion was brisk, but prices were easier to the extent of about Is 6d.per head. Per pound prices.worked out at: Prime BJd to 9d, and medium 6d to BJd. Prime lambs made up to 86s 6d, medium io 28s 6d, and lighter kinds to 255. Dairy Cows—About thirty head of dairy cattle were offered, but none was of outstanding merit. Good cows realised from £9 to' £lO, and medium sorts from £5 12s €d to £7.WHEAT FREIGHTS. (Received November 28th, 8.15 p.m.) LONDON, November 27. ■Wheat freights are. firm. About haß a dozen eteamers have been fixed' to load at South Australia during the last two days at 47s 6d per ton. Owners.are now wanting 48» 9d per ton. WHEAT MARKET. : LONDON, November 27. Wheat—Cargoes are quiet and sellers are reserved. Parcels are threepence' to sixpence lower. The Auatralrange't shipment sold at 525. AUCKLAND CTTT DEBENTT7RE& (Received November 29th, 8.15 p.m.) LONDON, November 37. The Bank of New Zealand oh behalf of tlis Auckland Electric Tramways offered £453,000 5i per cent, debentures of Auckland City at £97 10s,-and £392,800 5 per cent. d«bentures "at £94 10s. Both were overlubeoribed in two hours.

WITH LIVERPOOL AUSTRALIAN PRODUCTS WANTED. Commissioned by the Mersey Docks and Harbour Board (Liverpool) to visit Australia and New Zealand with the object of increasing the volume of exports from those countries to Britain, the assistant manager of the Board, Colonel T. H. Hawkins, arrived in Melbourne recently from Adeiaid?. i'lom Melbourne he will go to Tasmania, New boutli Wales, and Queensland. Liater he~will visit New Zealand.

Colonel Hawkins explained that the Mersey Docks and Harbour Board managed the pert of Liverpool,' the gateway through wnich went -vast supplies of foodstuffs and raw material for the densely massed populations of the industrial north/and the midlands. The port was conducted solely by traders in the interests cf traders.

"It has b?en apparent for soma years that the direcfc trade between AusfraJia and Liverpool is not nearly as groat as Australia's productive capacity would indicate, or in any due proportion to Liverpool's facilities as a distributing centre," said Coionel Hawkins. "London and Liverpool' between them" absorb about 60 per ent. of the total foreign trad? of Britain. In 1920 Liverpool's foreign trade exceeded £1,100,000,000. The port is for the north of Britain .what London is for the south. It also serves Ireland and Scotland to a large degree, frequent and fast coasting vessels plying between Liverpool and the Scotch and Irish ports, t, ' "The port desires to secure more Australian produce, such as wool, meat, provisions, fruit, tallow, akins, and so on. Hapid turning of ship 3 is an essential in a great transit port, and Liverpool has always been celebrated in this respect. Australian produce is largely consumed in the midlands and north of England, but a great deal is railed from the south, thereby incurring needless and expensive rail haulage. The Board has recently made large outs in dues on certain raw materials and foodstuffs. Dues on wool have been reduced from 6s (t ton to 3s 4d, and on wheat they have been lowered from 2s to la Bd. On meat the reduction has been from Is 4d to 3s Bd. Colonel Hawkins concluded by sayinj that the American supplies of dairy produce were not expanding sufficiently to supply oversea requirement, and it appeared to be an opportune time for Australia to increase its exports to Britain; Thei Dock Board at Liverpool as a trust could not recommend any particular firm or trader in the port, but would gladly put all those in Australia interested in touch with the Associations of Merchants and Importers in Liverpool. AUSTRAL HAT MILLS. COMPANY VOLUNTARILY WOUND UP. The report and baln-noe-sheet of The Austral Hat Mills Ltd. for the year ended June 30th, were submitted to the annual meeting of shareholder at Melbourne a few days ago. The chairman of directors (Mr A. Kozminsky) presided. The directors' report stated that the trading profits for the year amounted to £5780 6s Bd, and the balance brought forward from last year £987 2s sd. An interim dividend for eix months was paid (£1200), leaving a balance, of JE*567 9a Id. The directors recommendid the payment of a dividend of Is and a bonus fo 2s a share, which would absorb £4500. The interest on Commonwealth and Government loans (£1159 10s) was transferred to rreerve account. The direotors had sold the mills as a going concern to Messrs Fox and Pearson at a figure considered satisfactory, and the new proprietors had taken possession in October. Mr Kozminsky said that if. the market for Government securities remained as it was at present, it, was hoped to return to shareholders 80s for each £1 share. It was anticipated that the liquidation 'of the company would bo completed by the end of March next, and that the greater part of the purohase money would be received within the next two months. It was the intention to declare interim dividends from time to time as securities were realised. {subsequently, at an extraordinary general meeting, resolutions were passed winding up the company voluntarily.'

CITY PROPERTY IN WELLINGTON.

Business premises in the very heart of the business- centre of Wellington were put up for auction by Messrs Geor,re Nathan, and Co. (says thai "New Zealand Times';). There was a large attendance, many being there not for -the purpose of buying, but interested in the price such ft valuable property was likely ■to make. The premises offered were King's Chambers, which stands on the corner at the intersection of Willis street, and Willeston street. The ground floor "corner, fronting Willis street, is oocupiedl as tha Railway Booking offioe. II is a large rent-producing properly, being said to produce round about £BOOO a year. The bidding started at £30,000, and .rising by £SOO and smaller sums, reached £42,600, at which it was withdrawn, the reserve- not being reached. The.property is now in the hands of the auctioneers iot private sale, and, negotiations arc now proceeding with\three_ prospective purchasers. SALE OF ANTIQTJJBS AND FUBNISHINaS. Jones, McOrostie Company, Ltd., held . a very successful clearing sale oh Monday on the premises of Mrs Flohf, Park/ lane, Fendalton. Amongst the various items • sold the following prices were realised: —Old Sheffield plate candlestick £3 IOSj. old Sheffield plate basket £3, 2 Sheffield coasters £4, om tray £2 ss, pewter soup tureen £2, pewter salver £lO, 6 old crescent Worcester cups (1180) £5, 4 old willow plates £2> 2s 6d, old braap coal-vaße £lO, old willow soup tureen £2 10s, electric lamp £5, Louis XIV; cabinet £25, 2 old beer jugs 17e 6d, liqueur tray 37s 6d vase £3 10s, bed warming pan £6. 16s, 2 old French sconces £lO, snuff vase £2, 3 oldironstone dishes £3 10s, 4 meat' dishes £4, 2 old candlesticks £4 10s, pair Jacobean, canxilestioks £2 10s, braes tray and stand £ls, brass tray £5, 2 quaint electric light shades £B, fishing rod and reel £l3 7s 6d diamond pendant £l3 10s, bangle £5 12s 6d, 3 remarque proofs, £2l 10s,, chenille curtains £4 6s, carpets £2O and £22, bedroom suite £lOl 9s, gent's wardrobe £l3 10s, oak mirror £5 10s, bedroom suite £76, carpet £l9, easy chair £lO, dining-room suite £l3B, vacuum cleaner £ls, single bedstead £5, carpet £l9, easy chair £lO, hall carpet £ls, Welsh dresser £ll, hall wardrobe £ll, carpet £B6, chesterfield and easy chairs £53 10s, grandfather's clock £36, electric lamp £l4, writing table £lo.los, nest of 4 tables £7 10s, tea table £9 10s, 2 etchings £U, gramophone and records £55, carpet- ; £l4, electric lamp £7 1-Os, secretaire and bookcase £37, 2 easy chairs £l9 10s, 3 etchings £6, bedroom suite £SB, gent'B wardrobe £2B, ducheese and pedestal £34, settee and easy chairs £l6 10s, 2 sets o{ china £6 10s, dinner •service £5 10s, coffee service £2 lOs, dinner setvice £6, tea and coffee service £7 10s, soup tureen £3 10s, set of carVera £2 10s, fish knives and forks "and fruit °knivi«s £s, Canadian canoe £lB 10s, lady's bicyc'.e £ls, electric oven and electric boiler £185« , roller £5 10s, lawn mower £5 ss, hose and reel £5 6s. There was a record attendance of the public!

EGG AUCTION. Messrs Harris Bros, report that the usual weekly auction sale of Feather Brand guaranteed fresh eggs, on behalf, of the Canterbury Egg Farmers' Co-operative Association, was held in their rooms, ISB Hereford street, yesterday afternoon. The following prioes were realised:—Hen eggs, Ist grade (2 ounces or over), Is IJ3; hen eggs, 2nd grade (under 2 ounces), la osd. . g PROPERTY SALES. Craddock's Agency Coy., Limited, Bold by public auction in their land sale rooms yesterday, on account of 'Mr J. Hall, that superior residential property, being No. 2.14 Bealey avenue, comprising section with about 80ft frontage together with the dwelling of 5 rooms thereon, to Mrs Love, at the price of £1060; also, on account of Mrs Mickle, that well situated property being No. 346 Worcester ptreet, compriaiti? J-acre and twostorey residence for £I2OO. Immediately after the auction sale private offers were tendered for No. 100 Riccarton road and 190 Peterborough/ street, and negotiations are bow in progress. •

CHRISTCHURCH STOCK EXCHANGE. YESTERDAY'S TRANSACTIONS. Sales reported—N.Z. Govt. 4} per cent. Ineonbed, 1038, £36 10s; N.Z. Uovt. 4J par cent. Inscribed, 1953. £96 10s; N.Z. Govt. 5} pe*«ent. Inscribed, 1938, £100; Bank of ->. S.W. (cum. div.), £35 lfa; Bank of New Zealand, £2 16s 6d (4 picels); Royal Bank (£4 paid) £6 ISa 6d; N.Z. R«frig. (£1 paid), £1 7s 6d. 5 * ' LATEST QUOTATIONS.

AUCKLAND STOCK EXCHANGE. (special 10 "THE pbess.") AUCKLAND, November 28. Sales:—New Zealand Inscribed, 1927, £36 ss; Bank of New South Wales, £36; South British, 86s 4d;"P. and O. (def.), £380; Auckland Trams, 21s j Moanatairi, 8s 4d, 8s 6d; Waihi, 88s 9d, 33s 6d, 33s 9d. CLOSING QUOTATIONS.

OTHER EXCHANGES. (press association telegrams.) WELLINGTON, November 28. Sale on 'Change—sJ .per cent. Government Inscribed Stock, £99 17» 6d. , ■ DtTNEDIN, November 28. Sales on 'Change—P. and O. (deferred stock), £330; Soldiers' Inscribed Stock, £100; National Insurance, 735. Sales Teport*d—Bani of £l2 7s; New Zealand Insurance, 28s 4Jdi, 28a 3d- . V • ■ J ' 1 METALS. (By Cable—Press Association— Copyright.) (Australian and N.i Cable Association.) (Reoeived November 28th. 9.45 p.m.) LONDON, November 27. Copper—Spot, £6l I6s 8d; forward, £62 13s 9d. s • ■ Le?d—Spot; £26 sa; forward, £25 ss. Spelter—Spot, £3B 17s 6d; forward,- £35. Tin—Spot, £174 16a 3d; forward, £175 16s 3d.' Silver-; 32 8-16 d per ounce. MEAT EXPORT TRADE. The New Zealand Meat Producers* Board announces shipments made for the new meat export season, 1922-23 t afl" follows:—Beef, 8660 quarters;: mutton, 37,425, and lamb, 24,061 carcases. There wae on hand in New Zealand at November 15th, 10,663 quarters beef, 11,824 carcases aether mntton, and 1347 cases ewe mutton (all in the North Island), and 8847 carcases lamb, amounting in 601b freight carcases to 66,750, including sundries! Killings at all works from November Ist to 16th, in GOlb freight carcases, 49,266 North Island, and 104 South Island; total, 49,370.

1922. 1921. £. January ... 4,253,'*/S 5,336,505 February March ... .1,962.462 ... 2,940.830 3,305,093 4,547,032 April May ... 5,308,109 6,063,982 ... 4,585,533 3,934,681 JlUHl ... 4,836,154 3,997,538 July ... 3,728,555 4,947,655 August ... 2,053,903 2,524,903 September ... 2,470.961 1,786,226 October ... 1,594,751 2,206,289 £36,740,546 £38,649,934

1922. £. ... 11,331,542 1921. £ Wool 4,595,849 Frozen meat ... 7,953.469 10,749,364 Butter ... 5,817,777 8,762,995 Cheese ... 4,057,510 7,026,746 Milk, dried, etc. 481,699 — Tallow ... 671,833 766,121 Sheepskins ... 904,996 892,465 Rabbitskins 496,752 339,690 Hides ... 334,252 430,915 Kauri gum ... 435,735 255,488 Timber ... 437,272 400,612 Hemp ... 214,383 • 236,292 £36.740,546 £38,649,934

Buyers. Sellers. 1 £ 8. d. £ a. d. DEBENTURES— N.i.. Govt. 5 per cent. Inscribed, 1927 96 10 0 _ N.Z. Govt. 5 per cent. Bond's, 1917 96 7 6 _ N.Z. Govt. 5J per cent. Inscribed, 1&33 99 15 0 100 7 6 N.Z. Govt. 5J per cent. Bonds, 193a 100 0 6 BANKS— Australasia 13 1 0 Commercial of AnBt. .. 1 12 9 1 14 0 National of N.Z. 6 4 6 6 8 6 New South AValea (cum. div.) 35 13 6 36 0 0 New Zealand 2 16 3 2 16 6 RoyaJ (£i paid) — 6 15 0 Union of Australia .. 13 11 0 .INSURANCE— •' National 3 14 0 New Zeaiismd 1 7 9 _ South British ■ 1 IS 9 _. Standard 1 12 6 LOAS AND AGENCY— Dalgety and Co. (cum. div.) _ 12 10 0 Goldsbroujjh Mort 2 2 0 2 3 0 N.Z. Loan and Merc. (ord. stock, cirm. div.) 82 10 .0-j 0 FROZEN MEAT— Canterbury ■_ 15 0 Canterbury (6 per cent. cum. pr'ef.) 5 0 0 _ N.Z. Refrigerating (£1 paid) — 1 8 0 N.Z. Refrigerating (10s paid) ■Wellington (£3 12s 6d> on 0 0 14 2 paid) 2 12 6 — COAL-■Westport-Stockton 0 4 0 0 4 6 WOOLLENS- ... Kaiapoi (£1 paid) ,. 1 s 6 1 4 0 GASChristchurch .. ., 7 12 6 7 17 6 BKEWERIES— Crown .. .. 1 14 6 1 16 o' Manning 3 5 0 — Ward' .. ' .. 1 3 6. 1 5 0 TIMBER— ..^ Kauri" '.. .. 1 7 6 — MISCELLANEOUS— Beath and Co. — 1 12 0 Beith Schiess 0 15 0 — Canty. Farmers' Co-op. — a s 0 Henry Jonea Co-op. ' (cum. div.) — 1 18 9 Mason; Strutters (£1 paid) — 1 6 0 N.Z. Drug Co. 3 14 8 — N.&. Farmers' Co-op.,' . 1926 (7J per cent. Bonds-) — 98 0 0 N.Z. Paper IMilfe — 1 8 0 United Pictures 1 4 6 — "Whitcombe and Tombs 8 4 0 ■— Electrolytic Zino (pref.) 1 8 0 1 3 6 N.Z. Milk Product* .. 1 1 6 — MINING— Waihi Grand Junction — 0 10 4

Buyers. E s. rf Sellers. BANKS— _ . " Commercial .• •• 1 13 0 1 14 6 Commercial (pref.) .. 6 5 0 — National . .. »>y 6 4 a 6 9 0 New South Wales .. v —■ New Zealand .. 2 16 0 86 6 2 16 0 9 Union .. • •• 13 7 0 13 11 0 INSURANCE— National ... >.. — 8 14 0 ■New Zealand .. ,'.-•• 1 8 0; 1 8 6 South British .< ' ... 1 15 6 1 16 6 Standard, .*. . -.. ' 1 12 0 -' — FIN'ANCIALGbldslwouEh, Mort — 2 9 9 N.'Wand Eiver Plate .. 1 0 s 1 2 0 Loan and Mercantile .. 76 0 0 — Loan and - Mercantile (prof.) .. .. 71 0 0 —. COAL— Hikurangi (ord.) 0 12 6 — Hikurangi (pref.) 0 13 0 — Taupiri .. »• 0 17 3 0 18 0 Taupiri (pref.) 1 2 6 — ' Waipa .. •• 0 16 3 — Weatport ■ ;. .. 1 12 0 — SHIPPING— . Devonport Ferry 1 4 0 1 6 6 ' Huddart-Parker (ord.) .. 2 12 8 2 18 6 Northern Steam (pd. up) 0 13 0 0 13 4 Northern Steam (confc}~ 0 6 0 0 6 6 P. and 0. (d»f.) ---.. 820 0 0 — Union Steam (pref.) .. . 0 19 9 —' WOOLLEN— \ ' Kaiapoi (ord.) 1 3 0 14 6 Kaiapoi (10a) .. 0 12 0 —' MISCELLANEOUS— Colonial Sugar (Auat.) .. 34 10 0 — Colonial Sugar (Fiji) .. 9 19 0 - — Union Oil ".. .; 1 7 3 — Wilson's Cement' 11 0 1 1 o' MINING--Waihi ' .. .. 1 13 9 1 14 3 Grand Junction .. 0 10 0 0 10 8 Mount Lyell .. 1 1 0 .— BEBENTUPtES— v War Loan, 1930 ■.. 9 6 2 6 97 10 0 War Loan, 1986 ., . 9 6 7 6 96 16 0 War Loan, 19S9-- .. £ 6 5 0 — Wnr'Loan, 1941 ..9 6 0 0 'r—. War? Loan, 1927 .. S « 0 0 '— Soldiers' Loan, 1983 .. 8 9 15 0 —