FINANCE AND COMMERCE.

Press, Volume LXIV, Issue 19467, 14 November 1928, Page 10

FINANCE AND COMMERCE.

DAIRYING IN N.Z.

SIB JOHN RUSSELL'S PRAISE.

(CKITZD TRESS ASSOCIATION —BT SLECTBIC TILEGBAFH^COPIBiaHT.) | LONDON, November 12. Sir John Russell, the agricultural expert, gavo a lunchc6n.-at...tJie . Savoy Hotel. The guests included Sir James Parr. Sir John Russell, describing his recent tour, declared that New Zealand's natural conditions were unexcelled for dairying. Two matters to which attention should be directed were: First, a reduction in the price of land, and Becond, the improvement of the productivity of individual cows. New Zealand butter, because its standard was very strictly maintained, was tho most popular in Britain. A recent conference of British milk Bupplicrs, called to consider over-pro-duction, rejected the proposal to establish a butter factory because "everybody prefers New Zealand butter." The Belling organisation returned lo the New Zealand farmer 75 to 80 per cent, of the . price paid in England. The English dairy-farmer received 50 per cent, of the price of his milk ten miles from his farm. New Zealand's experimental farms were doing valuable work, and should receive every assistance from the Government. —Australian Press Association, United Service. NEW SEASON'S WOOL. SMALL CATALOGUE FOR FIRST SALE.

(razss ASSOCIATION TELEGRAM.) WELLINGTON, November 13. The first wool sale of the season 192829 will be held at the Town Hall t,n Friday. Unfortunately, owing to the inclement weather preventing shearing operations during the past week, the quantity of wool to be offered totals only 7775 bales* against 9083 bales at the November sale last year. This is believed to be the smallest catalogue offered at the first sale of the season for many years. NEW FORD COMPANY. FOR BRITAIN AND EUROPE. < (raITED PBESSy ASSOCIATION—BY ELECTBIC - TELEGRAPH—COPYRIGHT.) / LONDON, November 12. Henry Ford announces tlie flotation of a company, with £7,000,000 capital, to "acquire various Ford companies in Britain and Europe, which already have assets totalling £7,000,000. Tlio net profits for • six years exceeded £1,000,000. , The company will acquire the manufacturing and selling rights of all Ford products in the British Isles and on the-' Continent, excluding Russia, and-'in jAfrica, excluding British possessions, Tint-"will Jmye vfcho temporary right to sell Fordson "tracttjife thiQughout the ;worW. ; * It" ii» expected that .the. developmthit. will result in the export of 165,000 cars and .tractors *{rom ■ Britain annually.— Australian Press Association.

BRITISH TRADE. INCREASING EXPORTS. (BBITISH OFFICIAL WIBELB88.) (Received 13th, 7.5 p.m.) RUGBY, November 12. T}je Board of. Trad© returns show that for the first moxiths of this year exports were of a value of £699,000,000, showing an increase or £19,000,000, compared with the same period of last year, and an increaso of £50,000,000 compared with the first ten months of 1926. Imports for the first .ten months of this year were of a value of £988,000,000, this being a decrease of £18,000,000 compared with the same pirad last year. The detailed returns.are as follows:—Imports decreased £2,324,000, and exports increased £3,145,000. Re-exports decreased £559,000. Thf principal decreases were:— IMPORTS. £ Grain and flonr . . >. 1,544,000 Wood and timber 1,080,000 "Wool .. ~ 1,022,000 Rubber .. ... 1,301,000 The principal Increases were:— , IMPORT& Non-dutiable food and . drink ~ 975,000 Non-ferrous metal manufactures 788,000 Vehicles 1,121,000 " SYDNEY WOOL SALES. (TOITKD. JPBZBS ASBOCIATIOH—BT ELECTBIO WtBOBAPH-r-COPIBIOHT.) (Received November 18th, 11.43 p.m.) SYDNEY, November 13. At the wool sales,. 12,721 "bales were sold. There was animated bidding, values being very firm, while top lines of fleece and good skirtings Mr .to 5 per cent, higher. Greasy merin6i>old to 27d. —Australian Press Association. ' - LEAD.

LONDON, November 12. Lead imports totalled 21,419 tons last month, the Australian total being 6222 tons. Exports wer» 2627 tons.—Australian Press Association.

CLEARING SALE. Wallace, Wade Co., Ltd., held a sal# of property, furniture, and effects. on account Mr Fraser, who is leaving for England. The following prices were realised Piano £45, gramophone £5, sewing machine £l3 ss, tad and box mattrpss £3 7s 6d, oak duchHia £4. 15s, oak wardrobe £6 15s, carpet £1 10s, settee £1 10s, clock £l, easy chairs £1 17« 6dj £1 17s 6d, round extension table £4 12s 6d, oak sideboard £5, lawnmower £1 7s 6d. duchesse and washstand £2 10s, hallstand £1 10s, lino. £1 9s, 6 h.s>. chairs £5 Bs, dinner service £1 Is, afternoon tea service 14s, gent's bike £6. hall tanner 18s, hose 15s, ga\r lis, wheelbarrow 15s. 7 fowls £1 10s, conch and squab £1 6s, d. iron bed and wire £l, etc. After the sale of furniture the property was sold to Mr W. Irvine-At a satisfactory figure. —6

AUCTION LAND SALE REPORT. Tho± ■ Wallace * and Son report havingSo!.', following auction sale, on account' of ths Public Trnsteey in the estate of Stan ley Hanis Watklne, deceased, the property, bting.No. 811 Wileon'sroad, WfcHham, comprising eighth-acre and four-roomed dwelling, •te., to Mr C.Kerr. —9

HOUSING SCHEMES.

LONDON COUNTY'S EXPENDITURE.

(namsn owicial wibeless.) (Received November 13th, 7.5 p.m.) RUGBY, November 12. A report issued to-day shows that tho London County Council had spent £28,500 000 in housing up to the end of last March. Of this total over £22,600,000 was in respect of assisted schemes and the total number of houses and flats provided by the Council, apart from cubicles in lodging houses, 36,500. Last year alone, over £2,600,000 was expended on ho. sing, including the provision of over 9000 houses and flats. The Exchequer subsidy on tins outlay was over £500,000 and £300,000 was forthcoming from rates and other sources.

The London County Council Housing Committee recommends that the State subsidy should not be reduced, and that it would be equitable for nigher rates of grant to be fixed in respect of blocks of dwellings in or near the central areas of London, as compared with houses on outlying cottage estates.

"HOOVER MARKET."

NEW WALL .STREET RECORD

(UNITED PBZSS ASSOCIATION—BY ELECTBIC TELEGBAPH- COPTEIGHT.) (Received November 13th, 5.5 p.m.) NEW YORK, November 12. Stock Exchange turnover reached a new record with sales of 5,681,300 shares. The tickers were over an hour oehind all day following a spectacular opening, when tremendous buying orders poured in from the entire country. .he late tickers slowed the sales somewhat at noon, but thereafter buying increased again, and traders were lost in attempting to follow the markets. .

There was a sensation in the trading when extraordinary price movements were recorded in Radio Corporation, International Nickel, and Sears Roebuck. —Australian Press Association.

MOSGIEL WOOLLEN COMPANY.

ANNUAL MEETING. ' [THE PRESS Special Service.] DUNEDIN, November 13. "Yonr directors are pleased that they can again show a satisfactory result on the year'i operations," Stated Sir John Roberts, chairman of directors, in his address to .'the fifty-fifth ..annual meeting of the Mosgiel Woollen 'Company to-day. "Last year 1 -mentioned that ihe company had a good detfiand for worsted goods, and this has coni tinued during the past year. Indeed, we find that we have not been able .to satisfy the requirements of our customers. The necessity for increasing production by the. introduction. of ' new machinery is realised by the Board, and it proposes putting in two ' sets „af machines, two combß, and the usual accompanying spinning frames. This .will the company to satisfy ■ the requireTfcidiljs. of its customers. It -Is difficult to estimate the cost of these. additions; but the Board is satisfied it has ample funds available, 1 and not require to call on shareholders to Bubsorita fresh capital. "Turning'to the balanfcajsheetJV the chairman said, "it will be noted tnat< the reserve acoount i 5,,£9922 lower than last year, and this is acoounted-for T>y the : payment of 10s per share to shareholders. - On the assets side, the value ' goods manufactured, in process, and raw material shows an increase of £6447, which is largely accounted for by the- increased cost of wool. ; In the profit and loss account, the .only item X may mentions ifl that of'charges : and salaries, which shows, an increase of £3293.- This is largely owing to the provision made for the payment of income-tax. In last year's accounts it was not necessary to make this provision, as we had then unexpended appropriations to cover this charge. Shareholders will be glad to know'that we-can again-report, that no-bad debts have been made during the ..past year. • • • • "I move that the lialance-sheot and profit and-loss /count be : approved, and that a dividend of 4 per cent, and a bonus of- 2 per cent. Ve-paid for the half-year, making with '.the interim dividend paid in May 10 -per cent, for the year." '■■ . : The ..motion for- the adoption of the report was carried. _ . • ' ■ The retiring directors, Messrs J. S. Hislop and 'J. S,. Sinclair, were re-elected, and the retiring auditors, Messrs Barr,' Hercus and Co,, and A. W. Moodie, were reappointed.

NORTHERN A. AND P. ASSOCIATION. POINTS PRIZES. -.Most .points prizes in connexion with the Northern A. and P. Show oil November 2nd ' were won as under: — Draught horse section: J. D. Wyllie. Shorthorn cattle: R. 'Peach' and "W. Scoon (equal); .Milking*. Shorthorn cattle: R. Peach. Jersey, cattle: J. Fleming. Ayrshire cattle: O. Morgan Williams. Friesian cattle: L. H. Leslie. Kempthorrie, Proaaer nnd Co.'s special for' most points in. any one regis*, tared-, cattle section: R. Peach 1, C. Morgan Williams 2. _ •: . Pine- combing merino: . Jas. Stevenson; Strong combing merino: W.'W. Hcßae. Eng.. lish Leicester: D.-Chapman. Southdowis :, W. A. Paterson. Shropshire Down: E. R. Barker. Bfalfbreda: Colin Mcintosh. - Hugh Ensor. Pyne, Gould, Ouinnesß" Cup for most 'point? in Corriedales: : Hugh Ensor. International .HarvesterCo.'s trophy, most points in any one' sheep, section othec than Corriedale: E. R. Barkor. Home and dairy produce: Mrs D. 11. Martin. Open cookery: Mrs M. C. Archer. Junior cookery: Ida Smith and Kitty Cox (equal). Fancy work: Misa V; Blain. Sheep-guessing competition (actnal weight 93|lb): T. Kinley and W. E. Dalzell (equal, 9811b). Stepping Competition (actual distance 40yds Jin): E. E_ Leech (40yda 81n).

METALS. .'s. (UNITED PSSBS ASSOCIATION —BT' TELIQBAPH—COPYRIGHT.) LONDON, November 13. '• No?. 8. Nov. 13.

Ĝ

WHEAT. (UNITED FBJtSS ASSOCIATION—BT ELZCTBIC ' nSLEOEAPH COPTKIOBT.) LONDON, November 12, Cargoes.—Apart from Indian enquiry for Australians, cargoes are quiet, and prices 1 generally are 3d down. Parcels are obtainable at a decline of 3d;' Trading is slow. • At Liverpool, futures are quoted:—December 9s B£d, March 9s 3sd, May 9s Bjjd jer cental.—Australian Press Association.

CANTERBURY MARKETS

(si oto coxifXßciAL isitob.)

Tuesday Evening. The markets have brightened up after the holidays and are expected 10 show even more liveliness once tho elections are over. The copious rains have radically changed the aspect of the wheat market. While the dry weather continued and seemed likely to continue, millers were inclined to be somewhat apprehensive and the demand was fairly brisk. This has been completely altered and there is now not nearly the same demand as there was a fortnight or three weeks ago. Good whole fowl wheat is quoted from 5s 8d to 5s B£d f.o.b. There is little demand for oats and prices.are unchanged. There are one or two quotations on the market for next year's oats at 3s 9d. f.0.b., s.i., for spread delivery, but this price is not proving attractive to operators. With the exception of red clover and cocksfoot, the seed market has been quiet. The red clover market is, if anything, a trifle easier in view of the very chea;p quotations and the very fino quality offered from overseas. The range in price is from 5d to 6d. For cocksfoot there appears to be some enquiry with. a small amount of business going through. There is not much movement in the partridge peas market, although some of the 6tore stocks are being sent Home on consignment. The North Tsland is still taking some potatoes, but only in small lots. Difficiilty is being experienced in finding tubers that are sound enough to be certified. For ordinary whites the price to farmers is £9, and for Dakotas (which are not at all plentiful; £lO 10s is quoted. Reports from tho North Island indicate tnat more and more new potatoes are coming on the market and that it will not be long before they will be available in sufficient quantity to obviate the necessity for importing from the south. There is a fair enquiry from the North Island and in the south for chaff at the prices quoted. Quotations.

The following are quotations for produce to be paid to farmers on trucks, free of commission, sacks extra, except where otherwise stated:— Wheat—os 9d a bushel for good milling, No. 2 grade ,5s 5d to 5s /d, HuDters 6s. Oats—A Gartons 3s 6d a bushel, B's 2s lOd to 2s lid. Chaff— £3 15s to £4. Potatoes—£9 10s. Red Clover—sd to 6d. White Clover —lid to 12d. Cocksfoot —B}d Linseed —Dp to £l4 10s a ton. Bran—£6 10s a ton, f.0.b., southern ports; 10s extra for smaller packings. Pollard —£8 a ton f.0.b., southern por.ts, 10s extra for smaller packings. Flour—£l6 5s a ton. f.0.b., and local for 2001b sacks, with the! usual increments for smaller packings.

AUCKLAND MARKETS. [THE PEES 3 Special Service.] AUCKLAND, November 13. The markets, generally have been very steady during the past week, no important price movements having been registered. Old potatoes . are practically "off the map," and although small quantities are still changing hands it will not be long before merchants .will respond with- '''unable to supply" to the few enquiries that" may still come in. Such stocks ■as •■are still held have to be picked over, and are quoted at about 12s 6d jjer cwt.. New potatoes ore more plentiful, and prices have eased. Pukekohe quotations range from 19s 6d to 20s per cwt on trucks, but'for city orders merchants are Able to obtain supplies nearer home and sell at about 2d per lb. The hi o 'h price of Canadian onions has definitely checked the' demand,, housewives giving, more attention to leeks and spring onions. .. _ There &as been no alteration in the price of either oats or chaff, and with abundant spring faed available the consumption is light. Maize remains steady at Cs 6d per bushel, ex store. Fowl wheat is in steady demand with the price unaltered at 7s. 9d per bushel ex store. There, are- ample supplies locally of' bran and polJard and ure unaltered; "' v. ; Wholesale current prices are;—Sharpsnn'd bran ; —Mill prices: Sharps £9 10s per ton, bran £8 per ton; merchants' quotations, ex store: Pollard £lO 6s, bran £8 10s; oats, feed, B Gartons, 4s 8d; A Gartons, 5s per bushel; clipped Duns, 5s 9d; clipped Gartons, 5s fid; seed Algerians, 6s; fowl wheat, 7s 9d per bushel; maize, 6s 6d ex store; barley, feed, 5s 9d per bushel; Cape barley, seed, 6s 6d per bushel; maize meal,. 14s per 1001b; barley meal, 13s per 1001b; chaff, g.b.0.5., £9,10s per ton, Blenheim or Canterbury; potatoes, Canterbury. 12s 6d per cwt, local new 16s Cd; seed linos: Northern Star and Gamekeeper 8s 6d to 9s per cwt; onions, Canadian, 35s per crate.

DAIRY PRODUCE, > Messrs A. H.' Turnbull and Co. supply the following report:— Since our last report the following have been the top London quotations for dairy produce:—Danish butter, October 13th 1945, October 20th 190s, October 26th 1965, November 2nd 198s, November 9th 1975; New Zealand .unsalted, —, 190s, 190b, 190s, 190s; New Zealand salted, 184s, 184s, 182s, 180s, 178s. Cheese, white, 112s, Ills, 110s, 108,s 108s; cheese, coloured, 110s, 110s, 109s, 106s, , 106s; Oanadiah, . whito, 112s, 112s, 112s, 110s, 112s; Canadian, coloured, 112s, 110s, 110s, 110s, 110s. , BUTTER. As shown by the above table of quotations, there has been a fairly steady market,. . with 'the exception that Danish has improved iii value as is usual with the approach of winter conditions, whilst New Zeaiand shows some weakening with the increase in production and shipment, being now quoted at 178s, against 184s to October 18th. Messrs W. We'ddel and Company, Limited, . report that during the continuance of the Australian strike buyers continued, to operate sparingly, but with the increasing arrivals due during November, any anxiety regarding supplies has passed, making forward business almost impossible. Sales of afloats have been made at Is 4|d. Our advices are that the market should remain steady, but with the possibility of some further slight decline. Meantime there is a 1 itter demand at the present reduced market quotations. CHEESE. The cheese position is still good, and although quotations are showing an easing in price, _ we do not expect any very rapid fall. Certainly the heavier stocks of New Zealand cheese arriving and afloat may have a tendency to ease quotations after the recent shortage, but owing to the statistical position we venture to believe thta the market will, like butter, remain fairly seady. Grading figures are as follows: Butter graded during October, 1926, 7,800 tons; 1927, 9100 tons; 1928, 9889 tons. Butter graded during August, September, and October, 1926, 13,800 tons; 1927, 16,900 tons; 1928, 18,700 tons. Butter in store, October 31st. 1926, 3600 tons; 1927, 4750 tons; 1928, 617.9 tons. Cheese graded during October, 1926, 7000 tons; 1927. 7300 tons; 1928, 9008 tons. Cheese,graded during August, September, and October, 1926, 10,300 tons; 1927, 11,100 .tons; 1928, 14,150 tons. ' Cheese in store. October 31st, 1926. 4800 tons; 1927, 3400 tonB; 1928, 4409 tons. LONDON WOOL SALES. Dalgety and Company, Ltd., have received the following cablegram from their London office.. dated November 12th: — London Wool Sales—The next wool sales will commence on November 20th, the list of arrivals for which will close on November 15th. 'We expect about 115.000 bales will be available. The Bank of New Zealand has received the following advice from its London office under date 9th inst.: —Prospects next series wool sales favourable. Anticipate merinos will advance about 5 Tier cent., crossbreds fully firm, possibly slightly dearer.

EGG AUCTION. nsual weelcly ooction.. snlo of "Fenther Brand" ennranteed fmsh ,e»?B wai held yesterday - afternoon. ' The following ■were realised:—Hen egijs, first" p-ade (2oi or over). Is 4d: hen eggs, second grade (under 2oi), Is 2id. —7

ADDINGTON MARKET.

BEEF EASIER.

GOOD MUTTON SALE.

(BY Otra COMMEHCIAI. EDIT OK.) The fine day yesterday drew a large attendance of farmers to the Addington market. Entries were on the average scale in most sections. A feature of the market was the - well-finished condition of the fat stock entries o{ lambs and cattle particularly. Thiß may be taken as a proof that feed is in plentiful supply and of good fattening quality, which the wet October raised some doubts about. The fat lambs sold briskly, and the absorption of such a substantial number by the-trade indicates that the retail demand is strong. Fat sheep met with a hardening sale as the sale progressed. The beef market was somewhat irregular, and all but the good medium-weight sappy cattle were easier by up to 2s 6d per 1001b. Outside entries of wethers assisted to make a much bigger display in the stock sheep section, and a firm sale ensued, farmers under the improved conditions bidding with more freedom. Porkers constituted an over-supply aud tho market came back, but baconers sold well. Good cows in the dairy section were wanted, and anything with some use in front of them in the storo cattle entry also met with a brisk demand. STORE SHEEP. There were heavier entries in the store sheep pens, the supply being an unusually big one for the time of the year. The yarding was augmented by a line or two from Nelson. The entry consisted for tho greater part of dry sheep, of very mixed quality, the bulk of them being shorn. With the amount of feed about farmers are apparently more prepared to stock up well, and for lines of useful sheep there was a firm demand, for those both in and out of the wool, at values well up to those ruling recently.' Ewes with lambs sold satisfactorily, at no change in late rates. There were a few passings, but -these were confined chiefly to aged and low-con-ditioned sheep. The range of prices was:— ; Ewes and lambs, 18s 6d to 235. Good four, six, and eight-tooth halfbred .ewes, 34s to 375. Ordinary' four, six, and eight-tooth halfbred ewes, to 27s 6d. Woolled halfbred wethers, 32s 6d to 84s. Best shorn wethers, 24s to 26a 9d. Ordinary shorn wethers, 21s 6d to 23s 6d. Backward shorn wethers, to 19s. The following were the principal sales:— Ewes —30 halfbred and 24 lambs at 16s 6d, 16 two, four, and six-tooth crossbred at 35s 9d, 40 s.m, three-quarterbred and 39 lambs at 235, 87 crossbred and 62 lambs at 18s Bd, 99 failing-mouth crossbred and 103 lambs at 34s 2d, 75 failing-mouth crossbred and 78 lambs at 20s Id, 201 two and fourtooth crossbred at 375, 39 halfbred, and 38 lambs at 19s, 61 six and eight-tooth crossbred at 34s 2d, 36 four and six-tooth shorn at 29s<0d, 70 sound and failing-mouth crossbred ax 27s 6d. Wethers l —B7 two-tooth shorn at 21s 6d, 62 four and six-tooth shorn at 255, 73 twotooth shorn halfbred at 24s Id, 237 aged shorn at 9s, 43 six and eight-tooth crossbred at 34b, 280 four, six, and eight-tooth shorn at 23s lOd to 245, 88 four and six-tooth halfbred at 32s 7d, 28 two-tooth shorn halfbred at 19s 4d, 73 two-tooth shorn halfbred at 26s lOd, 100 two-tooth shorn at 23s 9d, 75 four-tooth shorn at 26g 7d, 319 two-tooth shorn at 22s lOd, 380 four, six, and eighttooth shorn at 26s 9d, 76 two-tooth shorn at 20b Id, 65 four and six-tooth shorn at 23s lOd, 19 aged halfbred at 235, 71 four and six-tooth shorn at 24s lid, 56 two-tooth shorn at 23s 9d, 73 six and eight-tooth shorn at 23s 6d. Hoggets—l 46 mixed sex crossbred at 24s I 3d, 29 halfbred wether at 26s Id.

FAT LAMBS. An entry of 550 head, compared with 600 on the occasion of the double market a fortnight ago. Most of them were well grown and conditioned, being much better finished than at the corresponding period last year, indicating that there will be a good crop of early lambs when the works open. There was a good sale, the butchering, trade buying freely at -the reduced prices brought al>out by the heavier offerings. . Best line was from the Mental Hospital, 16 makin? from 33s Id to 86s 7d, Values were:—! Extra prime lambs, to 36s 7d. Prime lambs, 32s to 345. Medium lambs, 29s 6d to 81s 6d a Light lambs, 27s to 28s 9d. The . following were the principal sales: — On account of a client, 1 at 38s; the Mental Hospital, 16 at.33s Id to 36s 7d, and 1j at 32s 4d to 35s lOd; J. McCann (Ohoka), 5 at 35s- Id to 35s 7d; A. Atkinson (Swannanoa),. 6 at 34s 7d to 355. 7d; J.' W. Croft . drews Twine' Co. (Waikuku),' 12 at 82s ;ld to 35s Id; S. H. Amyes (Annat), 6 at 82s lOd to 35s Id; Mrs Stapleton (Doyleston), 25 at 82s 7d to 355; C. C. Winn (Lyndhurst), 16 at 80s 7d to 34s lOd; Allan Bros. (Killinchy), 17 at 32s 10d to 34s lOd; Mrs A. J. Bilborough (Dunsandel), 2 at: 34s lOd E. Upton (Sehvyn), 5 at 33b lOd to 34s 7d; Jos. Reese (Southbridge), 22 at ,81s 7d. to ,84s 4d; S. H. Anderson (Lyndhuret), 15 at 82s lOd to 34s 4d; J. Fairbairn (Hornby), 12 at 29s 7d to 34s id; R. J. Robinson (Waikuku), 29 at 28s 4d to 34s Id; B. J. McOlure (Killinchy), 12 at. ,83s 7d to 34s Id; G. G. Smith (Broadfield), 2 at 33s lOd; Jos. Millar (Killinchy), 10 at' 32s- 4d to 33s lOd; D. Tizzard (Robinson's Bay),. 7 at 32s 7d to 33s lOd; F. H. Greenwood (Southbridge), 10 at 33s lOd; G. W. R. Osborne (Doyleston), 25 at 32s Id to 33s 10d; L. Crump

(Springston), 2 at 33s 9d; D. ■H. Butcher (Broadfield), 2 at 33s 7(1; Paparua Prison Farm, 6 at 32s Id to 33s 4d; R. Smith (East Eyreton), 82 at 27s to 33s Id; W. R. Early (Greendale), 8 at 32s Id to 33s Id; P. V. Bailey .(Springston), 2 at 32s lOd; Harvey Bros.' (Ohoka), 12 at 30s lOd to 32s lOd; R. Macdonald (Waikuku), 16 at 30s 7d to 32s lOd; J. D. Anderson'(Halkett),. 6 at 32s 10d; S. Palmer (i'endalton), 7 at 30s lOd to 32s lOd; Barnett's Estate (Leeston), 11 at 31s 4d to 32s 7d; Jno. MoCarten (Leeston), 10 at 82s 4d to 32s 7d; Geo. Greaves (Lincoln), .4 at 32s 7d; D. McVinnie (Wee'dons), 6 at 29s lOd to 32s 4d; Paparua Prison Farm, 6 at 31s lOd to 32s 4d; K Goss (Tinwald), 11 at 29s 7d to 32s Id; F. E. Leitch (Rangiora), 27 at 28s Id to 325; Mrs Witty (Avonhead), 3 at 31s lOd; H. Bennett (Eyreton), 4 at 31s 7d; F. A. Tutton (Broadfield), 3 at 31s Id; H. W. Beal (East Eyreton), 2 at 3ls Id; J. T. Parkin (Sedgemere), 8 at 29s lOd.to 80s lOd; F. Scott (Pigeon Bay),' 21 at 27s lOd to 30s 7d; W. J. Hampton (Southbridge), 18 at 27s lOd to 30s 4d; M. Houston (Brookside), 10.at 28s lOd to 295.1 d; Hon. Geo. Witty (Avonhead), 3 at 28s 7d. FAT SHEEP.

An entry of 10$ races ; of. sheep,,, a .few pens being lightly filled. Over 75 per cent, of tbe sheep were out. of;.the wool, and they' included a' heavy proportion of " prime, weighty sorts, the unfinished proportion being quite small. There were a few . South Canterbury and North Otago lines,'forward, but otherwise practically all the ■ entry came from North and Mid-Canterbury. Apparently the trade has few stocks on hand after "the holiday, and there was a sound sale from the outset, with an adviinoo of about a shilling a head as the market progressed. Best average price of the day was secured by J. R. Gilohrist (Oamaru), 20 woolly ewes selling at from 48s 7d to 50s 7d. A pen of n dozen shorn wetbors from D. Chapman We3t Eyr'eton) sold at 47s 4d, and a pen of ewea from 11. Curragh (Templeton) at 51s 4d. Values were:— Extra prime shorn wethers, to 475. 4d. Prime shorn ' wethers, 36s 6d >to • 425. Medium shorn wethers, 32s 6d' to 365. Light shorn wethers, 26s to 31s 6d. Extra prime woolly wethers, to 57a Id. Prime woolly wethers, 45s to 50s. Medium woolly wethers, 41s to 44a. Extra prime shorn ewes, to 48a 7d. Prime shorn ewes, 86s to 40s. Medium shorn ewes, 32s to 35s Cd. Light shorn ewes, 25s to 30s. Extra prime woolly ewes, to 51s 4d. Prime woolly ewes, 39a to 445. Ordinary woolly ewes, 34s to 38a 6d. Medium shorn hoggets, 80s to 32s 4d. The following were the principal sales:— Wethers—On account of D. Chapman (West Eyreton). 135 at 37s Id to 47a 4d; J. M. Duxbury. (Pigeon Bay), 10 &t 34a lOd to 47s Id; client, 1 at 44s Id; E. Hay (Pigeon Bay), 59 at 37a 7d to 42s '4d ; A. S. Ehvorthy (Holme Station), 12 at 38s Id to 42s 4d; W. S. Marshall (Winchmore), 1 at 425. Id; M. E. Jenkins (Courtenay), 20 at 36s 7d to 41s Id; P. A. Elworthy (Gordon Valley), 10. at 40s lOd; P. V. Bailey (Springston), 22 at 35s Id to 40s *7d; E. C. McDermott (Spreydon), 15 at 39s lOd; L. X. Wright (Annat), 70 at 31s 4d to 89s lOd; E. E. Bell (Nolson), 33 at 38s 3d to 39s lOd; A. M. Carpenter (Fernside), 23 at 3oa lOd to 39s 4d; J. Robertson 'Winchmore), 16 at 39s 4d; J. H. Rudge 'Greenpark), 34 at 36s 10d' to 38s 7d: J. Reynisch (Pigeon Bay), 16 at 37s lOd; R. G. McClure (Killinchy), 30s at 36s 4d to 37s 10d;' Nixon's Estate (Killinchy), 45 at 34s Id to 37s 4d; J. Millar (Killinchy), 8 at 37s 4d; client, 82 at 29s lOd to 36s lOd; client, 64 at 29s 4d to 36s 4d; R. N. Moore (Yaldhurst), 285 at 30s'6d to 35s 4d; J. R. Crawford fYaldhurst), 7 at Psa 4d; L. G D. Acland (Hororata), 130 at 29s 7d to 35s Id; R. M. D. Jofinson (Mt. Torlcsae), 71 at 32s Id to 34s lOd; Jas. Deans 'Homebnsh), 120 at 29s Id to 34s 7d; W. G. Copland fßakaia). 49 at 26? 7d to 33s lOd; A Heinisch (Springston), 12 at 32s 10d; "W. J. Wright (Te Oka), 50 at 30s 4d. to 32s 7d; D. J. Hawke and Son Id to 375.4 d; C. C Winn 'Methven), 17 at 32s Id: client, 93 at '26s 7d :to '3ls 7d; clients, 74 at 27s lOd to 30s. Id; client. 73 at 25s lOd to 27s 7d; J. Kermode (Methven), 10 at 26s Id; client, 24 at 24s lOd.

Woolly Wethers—On account of J. R. Gilchrist (Oamaru), 29 at 46s 4d to 57s Id; South Canterbury client 27 at 47s 8d to 52s 9d; client, 7 at 61b Id; L. Blakemore (Springston), 6 at 46s lOd; client, 174 at 42s 4d to 46s 7d; G. Tate (Lowcliffe), 14 at 36s Id to 43s lCd; E. Goss (Tinwald), 3 at 42a; client, 64 at 37s 7d to 40b. Ewes —On account of J. C. Reynisch (Pigeon Bay), 24 at 35s lOd to 41s 7d; Paparun Prison Farm, 6 at 41s 7d; W. S. Marshall (Winchmore), 32 at 37s Id to 4ls 7d; client, 7 at 41e 7d; Temuka' client, 44 at 34a lOd to 40b lOd; S. H. Anderson (LyndInirst), 17 at 35s 10d to 40s 7d; P. A. Elworthy (Gordon Valley), 20 at 36s lOd to 40s 7d; E. Hay (Pigeon Bay), 73 at 34s 4d to 40s Id; client, 50 at 36a Id to 40s Id; J. C. Hay (Pigeon Bay), 62 at 82s Id to 4Gs; J. M. Duxbury (Pigeon Bay), 34 at 33s Id to 39s lOd; Leeston client, S9 at 84s lOd to 39s lOd: A. M. Carpenter (Fernside), 16 at 32s lOd to 39s 4d; A. S. Elworthy (Holmo Station), 18 at 35s 7d to 39s Id; J. Robertson (Winchmore), 14 at 30s lOd to 38s 4d; D. Jones (Dunsandel), 63 at 29s 7d to 36s Id; J. N. Crawford (Yaldhurst), 10 at 28s 4d to 35s 4d; A. C. Greenwood (Southbridge), 19 at 32s 4d to 35s 4d ; G. Pearce (Killinchy), 10 at 31s Id to 35s Id; Canterbury Seed Co. (Leeston), 20 at 29s lOd to 35a Id; P. V. Bailey (Springston), 9 at 19s 6d to 35s Id; W. G. Copcland (Eakaia), 20 at 22s Id to 34a 10d; J Kermodo (Alethven). 20 at 25s 7d to 34s 7d- A. Boulnoia (Aylesbury), 11 at 84s 7d; g,' Pearce (Rolleston), 20 at 27s lOd to 34s Id* T. Stevenson (Spotswood), 68 at 27s lOd to 33s 4d; J. McUarten 4 at no, inH: Hondry and Davidson v Methven), so at 28s 7d to 32s 7d; J. Miller (Killinchv) i at 32s Id; A. J. Wrignt (Te Oka), 10 at'3ls lOd; H. Marshall (Weedons), 6 at 31s 7d; A. Heinisch (Springston), 13 at 30s 4d- J. T. Parkin (Sedgemere), 8 at 29s 4d; clients, 16 at 21s 7d to 27s lOd; C C. Winn (Mcthven), 19 at 25s lOd; clientj 23 at 22s lOd to 25s 4d. Woolly Ewes—On.account of H. Lurragn (Templeton), 25 at 45s lOd to 51s 4d; J. H Gilchrist (Oamaru), 20 at 48s 7d to 50s 7d- client, 48 at 45s Id to 49s lOd; South Canterbury client, 27 at 39s 9d to 46s 3d; DSir (Ashley), 5 at 44s Id; D. Todd (Doyleston), 7 at 43s lOd; H. C. Washbourne (Selwyn), 25 at 84a 9d to 43s 7d; G. Tate 'Lowcliffe), 27 at. 34s lOd to 42s lOd; Estate J. Cunningham (Brookside), 29 at 34a 7d to 40s 7d; J. K. Crawford (Yaldhurst), 12 at 40s Id; H. A. Bennett (Eyreton), 15 at 87s lOd; W. J. Hampton (Southbridge). 8 at 30s Id to 35a 10d; G. Greaves (Lincoln), 14 at 85s Id. Ho2?ets —On account of .the Canterbury Seed Co. (Leeston), 21 at 30s Id to 32s 4d.

FAT CATTLE.

The entry comprised 510 head, compared with 744 on the occasion of the double market a fortnight ago. The yarding comprised a good proportion of well-finished heavy steers, it being the beßt m the matter of quality for sometime. The good feed available is commencing to be reflected in the better finish of the cattle. As a pile at this period a seasonal easing sets in, and there was some evidence of this yesterday. There was a slacker enquiry over fiie earlier stages by up to 25s a head, but the demand improved later on for medium steers. However, cows and plain steers showed little change from the opening rates, being easier than last sale, by 20a a head. There were • some passings over the earlier stages, including some outside cattle. Practically the only outside source of supply wae the West Coast. Extra prime' handy-weight, steer and heifer beef made to 51s per 1001b, good steer beef 46s' to 495, plain heavy steer 37s to 41s, best cow and- heifer 44s to

475, medium heifer 40s to 435, medium, cow 35s to SBs, and rough down to 30s per 1001b. • Top price of the day was secured I)jr H. Edwards(Kaiapoi) for five steers, which averaged £23 8s 6d, top - price being £24 12s 6d. A big line of 20 steers. from A.' E. Birdling (Birdling's Flat) averaged £2l 12s. Values were:— Extra prime hqavy steers, £22 to £24 12s 6d Prime steers, £lB to £2l 10s Medium steers, £l6 15b to £lB 15s. > Light steers, £ll 15s to £l6. Extra prime heifers to £l7 2s 6d. Prime heifers, £l3 to £ls 10s Medium heifers, £lO 10s to £l2 15s.

tiisrht heifers, £9 to £lO 5s Extra prime ocws, to £l6 17s 6d, Prime cows, £l2 tOs to £l4 15a. Ordinary cows. £lO to £l2 ss. . A»ed and inferior cows, £8 to £8 Es. The principal sales were: — W. P. Diedrich (Lower Kokatahi), 9 heifers at £l2 17s 6d to £ls 2s 6d; W. G-. Witte (Teddington), 1 steer • at £2O 17a Gd, 2 cows at £l2 12s 6d to £l6 12s 6d: clients, 4 steers at £l7 17s 6d to £lB 17s 6a, 4 cows at £ll 17s 6d to £i4 17s (id; client, 1 cow at £9 17a 6d; S. Birdling (Birdling's Flat), 21 steers at £l6 7s 6d to £2l 7s 6d; W. A. Gray (Kaituna), 17 "steers at £lB 12s 6d .to £22 7b 6d; southern client, 5 steers at £22 7s 6d; R. Gould (Rotherham), 16 steers at £l4 12b 6d to £2O 17s 6d; N. B. Wilkinson (Cheviot), 7 steers at £l3 12s 6d to £l4, 2 cows at £ll 12s 6d to £l2 12s 6d; T. Masefield (Akaroa), 5 steers at £lB 12s 6d to £2l 7s 6d, 10 heifers at £l3 7s 6d to £l4 2s Gd, 2 cows at £ll 12s 6d to £l3 7s 6d, estate M F. Ryan (Spxingston South), 3 steers at £l2 12s 6d, 2 heifers at £l2 7s 6d to £l2 12a' 6d, 1 cow at £l3 12s 6d; A, Stewart : (Temr .plcton),. 1 cow at £ls 2s 6d; Smith Bros. (Clarkville), 6 steers nt £l2 12s 6d to £i7 12s Gd; Mrs Byrch (Motunau), 6 steers at £lO 17s 6d to £14.7s 6d, heifer at £l4 17s

6d; client, 9 cows at £9 7s 6d to £l4 17s 6d; O. Wakelin (Heathcote), 4 cows at'£lo 12s 6d to £l3 17s 6d; H. Edwards (Kaiapoi), 5 steers at £2O 7s 6d to £24 12s 6d; T. Erankin (Little River), 4 steers at £l9 12s 6d to £2O 2s 6d, heifer at £l3 12s 6d; clients, 3 steers at £l7 7s 6d, 2 steei'B at £l7 7s 6d; Estate A. Edwards (Kaiapoi), 7 steers at £l7 7s 6d to £lB 17s 6d; Donald Grant (Timaru), 6 Heifers at £ll 12s 6d to £l6; West Coast client, 11 heifers at £l4 7s 6d tu £l7 25,6 d; client, 7 steers at £l6 17e 6d to £l7 17s 6d; E. Hay. (Pigeon Bay), 12 steers at £l9 17s 6d to £2O 12s 6d, 8 cows at £l2 12s Gd to £ls 17s 6d; J. C. Hay (Pigeon Bay), 11 cows at £l3 12s 6d to £ls 17e 6d; Mrs P. M. Martin (Culverden), 8 fcteera at £ll to £l6 17s 6d; W. Jamieson (Koiterangi), 5 steers at £l4 7s 6d to £l7 10s; client, 8 cows at £8 12s 6d to £ll 12d 6d;D. Clinton (Darfield), 1 cow at £8 2s 6d; Manson (Darfield), 1 cow at £ll 17s 6d; L. White (Rakaia), 3 cows at £9 7s 6d to £l3 2s 6d; client, 7 cows at £6 17s 6d to £9' 2s 6d; J. Duxbury (Pigeon Bay), 2 lows at £lO 2s 6d to £l4 17s 6d, 3 steers at £l4 23 6d to £l9 12s 6d; R. S. Hay (Pigeon Bay), cow at £ll 17s 6d,. heifer at £lB 17s 6d; A. Shadbolt (Pigeon Bay), 2 cows at £7 2s 6d .to £lO 2s 6d; R. Mould (Wianui),; 6 Steers at £2l 3s 6d to £22 17s 6d, 2 cows at £l3 7s 6d to £l4 2s 6d; R. Sloss (Cheviot), 2 cows at £l2'2s 6d to £l6 12b Cd; D Morgan (Mina), 2 heifers at £8 2s 6d;' J. R. Grudsell, 2 cows at £lO 17s 6d to £l2 2s 6d; A. R.. Fleming (Port Levy), 21 steers at £ls 12s 6d to £2l 2s 6d; Field Bros. (Kaituna), 2 steers at £l6 12s Gd;- C. 9. Lyall (Pigeon Bay), 15.steers at £l6 17s Gd to £22'. 178 6d; Ballinger and Cassidy (Woodend), 2 steers at £l7 12s 6d; L. D. Stanbury (Wainui),' steer at £ls 17s 6d; A. E Birdling (Birdling's- Flat), 20 steers at £l9 12s 6d to £23 2fl 6d (average price, £2l 12s); D. Williamson (Cashmere), 2 cows at 'SI 17s 6d to £l2 7s 6d; clients. 8 rows at £9 7s 6d to £l2 2s 6d,- 8 cows at £lO 7s Gd to £l2 17s 6d, 3 steers at: £l2 7s 66! to £l6 12s ; 6d. 5 cows at £lO 12s 6d .to £ls 7s 6d, 4 heifers at £8 12s 6d to £l2 73 6d, 16 cows at £7 17s 6d to £l3 2s 6d. VEALERS. There was a large entry of vealers. Many inferior sorts were penned. Good vealers were in short supply and prices for them were on ; a par with late rates. Hardly any good big vealers were yardefl. Values WB Good vealers to £7 10s. Medium vealers £3 10s to £5 15s. Small calves 15s to £2 10s. STORE CATTLE. There was a I'mall entry of store rattle, consisting of cows, with a fair number of bulls No quotable lines of steers or heifers were* forward. The demand. wae keen, and all lots were sold at auction. A line of eieht yearling Shorthorn bulls made from lOgns to lOjgns. Values were:— Best cows £5 10s to £7 15s. Medium cows £3 to £5. Old cows 30s to £2 10s. Bullb £4 to £ll. dairy cattle. The yarding of dairy cattle was a small one, numbering 46 head Included in the ontry was a line of 15 Jersey heifers, which mot with keen competition, and sold at as u• i, »« fls The demand for other sorts was good throughout. Values were:-. Belt second, third, and fourth calvers £8 10s to £l3. . ... cfl Medium sorts £6 to i». Backward calvers £4 to £6 10s. Vitra eood and good heifers £lO to £ls. Medium heifers £6 to £9 10s. fat pigs. Tha entry of porkers was very large, there being an over-supply. Th& market for nnrkers was very irregular, and at the close Ks were almost down to export level. 4 «mall entry of baconers met wtih a fair demand. with a rather sharp rise at the tailend of the market. Values were:T C f e £»1o £3-10,. Heavy baconers £3 15a '° 6 A ? (1, ivpraee price per lb 51d to 63d. nnrkers 34s to 455. nnrkers 47s 6d to 55s 6d. !S. p Ss"p» a. 74.

CHRISTCHUBCH STOCK EXCHANGE.

Good business -was done on the Stock Exchange yesterday, and there wa« » big turnover of all classes of stock. In the Government debenture seption sellers appeared, but no business was one at call. Later a sale was made of 4J per cent. Inscribed, 1938 (two parcels), 10b, Monday's sellers' price. . „„.j In the banking section no shares changed hands at call, but a sale was reported oi a parcel of Bank of .New Zealand Stocks at '6ls sd, the ruling price of late. Union Bank Stock showed a tendency to harden, £ls 7s 6d being paid for a parcel, Monday s sellers' price. . w - Breweries shares were active. ■" 0W 11 land Breweries changed hands at call a* 58s, while five parcels of Staples made 4is 6d, the closing quotation being a iiiue firmer than this. A sale was reported at 41s 9d. In gas stock Christchurch made ±J 6s, the closing figure being, buyers £1 5s lOd, sellers £1 6s. Electro-Zinc ordinary shares sold for 34s 6d. Quill, Morris sold at 19s 6d. Mahakipawas continue to change hands. At call yesterday two parcels were sold at Is 4d, and nine at a point low®' than this. Buyers were offering a little lower still at'the close of the day.

YESTERDAY'S TRANSACTIONS.

Sales on 'Change—N.Z. Refrig._ (lOfi paid), 9s 4d; Kaiapoi Woollen (7s paid), 4s sd; New Zealand Breweries, 58s; Staplea Brewery, 41s 6d (five parcels); • Electro. Zinc (ord.), 34s 6d; Quill, Morris, 19s 6d; Mahakipawa, Is 4d (two parcels), leSd (nine parcels). Sales reported—N.Z. Govt., 4J per cent. Inscr., 1938, £99 10s (two parcels); Bank of New Zealand. 61s sd; Union Bank of Anat., £ls 7e 6d; New Zealand Breweries, 58s; Staples Browery, 413 9d; Christchurch Gas, 265. LATEST QUOTATIONS.

OTHER EXCHANGES.

(JEISS ASSOCIATION TBLEOXAKS.) AUCKLAND, November 181 Sales—lnscribed Stock, 1936, Si per cent., £lOl 7s 6d; New Zealand Breweries debentures, 24a 6d v two sales); Bank of Australasia, £l4 14s; Bank of New Zealand,. 61s 6d; Union Bank, £ls 7s 6d; Renown Collieries (pref.), 2a lldj Auckland Gas, 28s .4d (two saleB); Devonport Steam Ferry, 24s fid 5 Wilson's Cement, 40e 3d; Waihi, 138 lid. WELLINGTON, November 13. Sales on 'Change—Bank of Now Zealand shares, 283 4d. Sales reported*—Bank of New Zealand (two parcels), 61s 6d; N.Z. Breweries, bonds, 24s 8d; Huddart-Parker, 48a; New Zealand Breweries, enaxes, 58s. DUNEDIN, November 13. Sales—New Zealand Breweries, 58s; Mt. Lyell,' 38a (cum div,). Sales Reported—Commercial Bank (pref.), £7 6e 6d; National Bank of Australasia (paid), £l9 5s (com div.) . New Zealand Breweries debentures, 24s 6d; New Zealand Kefrig: (paid), 19s, cont., 9s sd, 9s 6d; Dominion Rubber, . 275; National Electric, lis 6d.

STORE PIGS. A medium yarding, -with a good ring of buyers. Competition was improved for smaller sorts on last sale to a slight extent, but not for big pigs. Values were:— small weaners 8s to 10s. Good weaners 11b to 14b 63. Small stores 12s to 16s. Medium stores 17s to 22s 6d. Large stores 23s to 28s. Extra large stores to 3^s.

(per ton). (per ion). Copper— £ s. d. £■ b, d. Standard, spot .. G8 6.8 67 18 2J Standard, forward 63 IS lj 68 6 10J Electrolytio « .. 75 0 0 74 15 0 to .. .. 75 5 0 75 5 0 Wire bars .. 76 5;0 75 5 0 Lead— Spot .« .. 21 2 e 20 18 9 Forward ... 21 8 9 21 8 9 Spelter— 24 6 3 Spot .. 24 5 0 Forward .. 24 1 3 24 3 6 Tin— Spot .. .. 231 2 -6 230 13 9 Forward .. 224 6 3 224 8 9 Stiver— Standard, 03. .. 26 ll-16d 25Jd Fine, or. .. .. 2813-ied 2815-lGd —Australian Press Association.

' Buyers Sellers. £ 8 d. £ s. d. N.Z. GOVT. DEBENTURES4i per cent. Inscribed, 1938 . • ' .. 99 7 6 99 12 6 4J per cent. Bonds, 1939 99 5 0 — 4J per cent. Bonds, 1941 99 0 0 — 5 per cent. Inscribed, 1929 — 99 12 6 EJ per cent. Inscribed, 1933 — 101 7 6 5} per cent. Bonds, 1933 101 2 6 _ 5J per cent. Inscribed, 1936 — 101 7 G 6} per cent. Bonds, 1936 101 2 G _ per cent. Inscribed, 1933 — 99 10 0 51 por cent. Inscribed, 1932 .. . . .. — 99 10 0 OTHER DEBENTURES— Tolaga Bay, 6 per cent., ' 1944 — 103 10 0 Heathcote County, per cent., 1929 99 10 0 Makehia Drainage, '6 per cent., 1946 _ 103 10 0 N.Z. Breweries,. Tnscr. 1 7 N.Z. Breweries, Bonds 1 4 8 1 4 10 Glaxo, 6J per cent., 1945 90 0 0 92 0 0 W. R. Cooke and Son, 8 per cent., 1936 .. 109 0 0 BANKSAust. of Commero© .. 1 13 2 1 13 5 Australasia .. 14 13 6 14 14 0 Comin. of Aust. 1 10 2 1 10 4 Comm. of Aust. (pref.) 7 5 6 _ E., S., and A - 8 16 0 8 16 9 • Comm. of Sydney .. 27 5 0 27 10; 0 National of . Australasia (£10 paid, cum div.) 19 3 0 19 6 0 National of Australasia (£5 paid, cum div.) 9 11 6 9 12 G National of N.Z. 7 2 6 7 3 6 New South Wales (cum div.) .. .; 51 10 0 51 17 6 New Zealand .. 3 1 4 3 16 Union of Aust. 15 G 6 15 7 6 Comm. of Auet. (new, fully paid) ., 1 0 9 1 10 8 Comm. of Aust. (new, 7s. 6d paid) 1 4 3 15 0 INSURANCE- ' Mercantile Mutual 1 9 9 . National' ' ' .. 0 16 9 0 16 11 New Zealand .. .. 2 7 1 2 7 8 • United - - 11 2 0 11 8 6 ..LOAN- AND AGENCYChristchurch Building Society 12 0 0 _. Dalgety and Co. (cum div.) 15 7 0 15 10 6 Goldsbroueh, Mort .. 2 11 7 2 12 0 National Mortgage .. 4 8 9 4 9 9 United Building Society 0 15 ,0 0 15 6 ' Derinvj XiascellfiB 12 h ■* •— ■' SHIPPING— P. and • 0. Deferred Stock ... .2 11 0 2 19 0 Union (pref.) 1 0 6 11 0 FROZEN MEAT— Canterbury x .. 9 10 0 10 0 0 Canterbury (pref.) 6 0 0 6 5 0 N.Z. Refrig.- (il paid) 0 18 11 0 19 2 ' N.Z. Refrig. (10s paid) 0 9 4 0 9 6 WOOLLENSKaiapoi (17s paid) .. 0 13 9 0 14 0 Kaiapoi, (7s paid). .. 0 4 4 0 4 5 Kaiapoi (pref.) 0 14 9 0 15 0 COALTau'piri - .. .. 1 6 4 _ Westport (cum . div.) .. 1 11 0 1 11 6 Stockton (ord.) — 0 8 6; Stockton (pref.) 0 4 6 GAS- *. Ash burton (cum div.) ,. 5 10 0 6 0 0 Auckland .. 1 3 0 13 5 Christchurch : 1 5 10 16 0 Christchtireh (10a paid) 0 12 8 0 12 10 Napier (£10 paid) 10 7 6 12 0 0 Tirnaru ■ ... 1 2 0 _ . BREWERIES— Carlton 2 8 6 2 10 0 Monteith's ... 1 0 0 1 2 6 New. Zealand .. " Staples .. 2 17 2 1 9 6 2 18 0 2 IS Timaru .. ... 0 15 0 _ ' Tooths ... .. 2 8 8 2 9 0 Ward • .. •». 2 2 6 2 8 0 CEMENTSWilson's (ctim div.) .. 2 0 0 2 1 6 MISCELLANEOUS— Allied Motors — 0 10 0 Beath and Co. 1 16 9 — ; British Tobacco 2 4 5' 2 5 8 Broken Hill. Proprietary 1 7 7 . — Colonial Sugar D.I.C. (10s paid) 60 10 0 60 15 0 1 .0 9 119 E'ectro. Zinc (ord.) .. -1 34 0 — Electro. Zinc (pref.) .. 1 16 3 1 15 9 Glenmore Brick and ..Tile. 1 8 3 . — : Ho'den's Motors 1 8 0 1 8 6 Mason, Struthera (£1 paid) .. .. 0 17 6 10 0 N.Z. Drug Co. 3 10 0 . — N.Z. Farmers' Co-op. ("A" pref.). 2 17 6 N.Z. Farmers' Co-on. ("B" pref.) 1 15 0 3 0 0 N.Z. Farmers' Co-op. (6§ per cent. Stock, 95 0 0 1945) ' .. B1 0 0 N.Z. Farmers' Co-op. (GJ per cent. Stock, 1940) .. ... 93 0 0 95 10 0 N.Z. Farmers'- Fertiliser 0 17 6 0 18 9 N.Z. Guarantee Corpn. 0 8/ 6 0. 8 8 N.Z., Sugar of. Milk .. — 1 7. 0 Quill, Slorria .. 0 19 0 1 0 0 Victoria Nyanza Sugar 2 4 9 2 5 3 Whitcombo and Tombs 8 14 9 —. Mt. I/yell (cum- div.) 1 16 1 1 18 8 East African Coffee (10s' paid) .. 0 15 ■ 6 — MTOTNG— 0 13 Mahakipawa .. 0 1 1 Waihi 0 13 10. 0 14 0 Okarito (1b 6d paid) .. 0 2 3' 0 2 9