CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXVI, Issue 19851, 12 February 1930, Page 12

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS. Markets were buoyant on call yesterday, and there was a large turnover, bank stocks being especially active. Transactions, exclusive of vestibule business, included: — 900 Australian Bank of Commerce. 2200 Commercial Bank of Australia. 200 Commercial Bank of Australia "rights." 50 Bank of New Zealand. 50 National Bank of New Zealand. 100 Union Bank of Australia. 450 Goldsbrough, Mort. 100 N.Z. Eefrigerating (10s paid). 25 New Zealand Breweries. 100 British Tobacco. 5 Colonial Sugar. 810 Mount Lyell. £590 N.Z. Farmers' Co-op. 6£ per cent. Stock, 1945. 100 Quill, Morris. 100 New Zealand Drug Co. Australian Bank of Commerce shares had dealings at 26s Id and 265,- and there were further sellers at 265, buyers at 25s lid. Commercial Bank of Australia on an active market were dealt in at 23s lOd and 23s Bd, and more were offered at 23s Bd, buyers at 23s 7d—the "rights" had dealings at 2s 4d, closing quotations 2s 2d buyers, 2s 5d sellers. National Bank of New Zealand shares were firm with dealings at £6 ss, sellers staying in at that price, buyers at £6 3s 6d. Buyers of Bank of New South Wales, cum dividend, . jumped to £4l ss, sellers at £42. Bank of New Zealand scored a rise of Is with business at 58s 6d, and further buyers at that price, sellers at 595. Union Bank of Australia moved up from £ll 16s 6d to £ll 18s, market closing £ll 17s buyers, £ll 18s 6d sellers. New Zealand Insurance shares, cum dividend, hardened to 44s buyers, 46s sellers. South British Insurance shares were firmer with buyers at 61s, sellers at 62s 6d. Goldsbrough, Morts were easier with dealings at 33s 9d, 33s 7d, and 33s 6d, and further sellers at 33s 6d, buyers at 33s 3d. New Zealand Refrigerating 10s paid shares advanced to 5s 4d, and more were wanted at that figure, sellers at 5s sd. New Zealand Breweries were firm at 84s, closing quotations 3d on either side. Tooths Brewery buyers raised their bids to 41s without attracting sellers. British Tobaccos were taken at 435, and more were offered at that figure, buyers- at 42s lOd. Colonial Sugars advanced to £44, market closing £44 buyers, £44 10s sellers. Mount Lyells had dealings at 35s lid, 35s lOd, and 365, closing quotations 36s sellers, 35s lOd buyers. New Zealand Drug Company shares changed hands at 735, market closing 72s 6d buyers, 73s 9d sellers. New Zealand Farmers' Co-op. G£ per cent. 1945 stock was released at £B7. Quill, Morris weakened to 15s, market closing 13s 9d buyers, 15s sellers. Wilson's Cements were firmer with buyers at 38s 6d, sellers at 39s 6d.

Concerns merchandising products of good quality can develop the u n . paralleled sales opportunities in Canterbury most- effectively . and most economically through the advertising columns of Tkb Fans. __§

YESTERDAY'S SALES. CHRISTCHURCH. & a. a.

ASHBURTON STOCK SALE. A large entry of both fat and store sheepwas yarded at the Aahburton yarda yesterday. Ewet comprised the majority of the fata, while the lambs claimed most attention among the stores. . Prices generally were on a par with those of last week. The fat ewe market was topped by a pen of five, which brought 28s lOd on account of Cochrane Broa., Elgin. The highest price obtained for fat wothera was 32s 6d for a pen of seven sold on account of W. G. Stephens, Eiffelton. The highest figure realised in the store sheep market was 30s for a pen of 89 wellbred Romney cross ewes. Two head of cattle were sold, a fat cow bringing £ll 10s and a store heifer £3. The prinoipal sales were:— Fats —Ewes: 4 at 22a 4d, 8 at 19a 6d, 12 at 18s 3d, 18 at 18s Id, 5 at 23s lOd, 9 at 22s lOd, 7 at 22s Id, 8 at 21s 7d, 13 at 17s 7d, 5 at 18s Id, 2 at 21s Id, 7 at 19s lOd, 28 at 18s 4d, 10 at 18s 6d, 15 at 17s lOd, 8 at 22s Id, 15 at 16s lOd, 19 at 18s 7d, 21 at 19s lOd, 6at 18s Id 18 at 20s 3d, 12 at 17s lOd. 12 at 17s lOd, 11 at 18s 7d, 11' at 19s lOd, 12 at 18s 7d, 12 at 19s 4d, 18 at 18s lOd, 8 at 22s lOd, 9 at 17s 7d, 10s at 17s 4d. 19 at 17a 7d, 19 at 17s 9d, 18 at 17s Id, 14 at 17s sd, 14 at 17s 7d, 7 at 19s Id, 10 at 22s Id, 17 at 17s 7d, 12 at 17s 4d, 9 at 18s lOd, 9 at 18s lOd, 7 at 17s 7d, 14 at 19s 4d, 9 at 17s 4d, 11 at 17s 7d, 10 at 16s lOd, 10 at 17s - 7d, 9 at 17s Id, 12 at 17s 4d, 7 at 18s Id, 8 at 19a Id, 18 at 17s lOd, 9 at 19s 4d, 19 at 17s 4d, 8 at 22s lOd, 28 at 17s 2d, 11 at 15s 7d, 13 at 18s 4d, 18 at 18s 4d, 12 at 18s Id, 11 at 19s 4d, 13 at 22s 7d, 12 at 19s 7d, 10 at 19s Id, 10 at 19s 4d, 8 at 23s 4d, 10 at 14s lOd, 8 at 23s 4d, 10 at 14s lOd, 8 at 23s 4d, 12 at 15s 7d, 11 at 16s lOd, 9 at 16s 4d. Lambs—Bo at 25s 4d, 10 at 33s 3d, 27 at 28s lOd, 50 at 25s 4d, 40 at 28s. Wethers —7 at 82s 6d, 1 at 27a 3d, 4 at 30s, 17 at 25a 4d, 17 at 26s lOd, 12 at 26s 7d, 12 at-26s Bd, 6 at 245, 18 at 24s lOd, 10 at 23s lOd. Stores —350 wether lambs at 15s, 138 twotooth crossbred wethers at 13s 9d, 177 wether lambs at 17s Bd, 513 mixed sex lambs at 17s lid, 89 four-tooth 'Romney cross ewes at 80s, 61 mixed sex lambs at 18s, 55 wether lambs at 18s Id, 150 wether lambs at 16s, 84 wether lambs at' 14s 7d, 55 twotooth Corriedale ewes at 27s 9d, 100 fat and forward mixed sex lambs at . 19s Id, 94 failing-mouth crossbred ewes at 9s, 155 wether lambs at 21s 9d, 61 two-tooth crossbred ewes at 9s, 155 wether lambs at 21s 9d, 61 "two-tooth crossbred wethers at 12s Id, 56 four-tooth halfbred ewes at'27s, 100 we'thsr Jambs at 16s Id. MBTAL MARKET. (UWITBD PRESS ASSOCIATION—BT BMCTniO TEMSaBAPH —COPTEIOHT.) (Received January 11th, 8.55 p.m.) LONDON. January 10. Feb. 6. Feb. 10 (per ton.) (per ton.) Copper— £ a. d. £ ». d. Standard, forward 67 4 4} 69 18 9 Electrolytic .. 83 10 0 83 10 0 to •- .. 84 5 0 84 5 0 Wire bars .. 84 5 0 84 5 0 SpoT - -31 * ■?§ ■2llO 0 Forward - - 21 5 7J 21 11 3 SpelterSpot ~ » 19 15 7j WlB 9 Forward ~ ~ 90 5 0 20 15 0 T - ..-1W 57J 175 6.8 Forward -. - 179 5 7i 178 8 9 'standard .. 21f 20 5-16 d/; Fino .. .. 219-16 d 2115-16 d GLENAVY SALE. There was a small yarding of fat sheep at the Glenavy stock gale yesterday, comprising mostly lambs. The quality was not of the best, and bidding was between 21s and 24s 6d. Everything was passed in,, and the whole yarding was disposed of by private treaty after the sale, at full schedule ra /n the store section was one big line of ' rane lambs and a smaller lot. Prices • for ttese cached from 18s 6d to 19s 4d at auction, but owners wanted more, and these afscl were passed in and. dealt with priVa The time has now come when i the bulk -* Viko fat lambs from off the mothers have 1 to the freezing works, and it will be gone 'o Wore the sales resume their "hen lamb, begin to come off feed. •

THE PRESS, WEDNESDAY, FEBRUARY 12, 1930: FINANCE AND COMMERCE. PROSPECTS FOR WOOL. CHRISTCHURCH STOCK EXCHANGE. YESTERDAY'S SALES. CHRISTCHURCH. -a Sales on 'Change— x, s. d. Blackrock: 9 e lid, 4 e 9jd. Remuera: H DEMAND FOR HALFBRED. YESTERDAY'S TRANSACTIONS. Aust Bank of Commerce ... 1 6 1 WOOL SALE. Ibd e lOd, 7 Jbd e lOd, 5 Jbd e 9id 4 Jbd h 9Jd, 5 *bd SJd, 4 pes 6Jd. tf.U.H.: 10 Corr e lOJd. K.VVT: 4 xbd 8Jd. US. ENGLISH MANUFACTURER'S Markets were buoyant on call yester(3) Comm. Bank of Aust. (13) Comm. Bank of Aust. 1 6 1 3 0 8 THIRD CHRISTCHURCH over bar: 4 xod 7d. HE: 4 xbd 7d. ON: 5 xbd 7|d. Cloudy range: 15 Jbd 9Jd, 9 Jbd h aid, 31 Jbd YJd, 9 ibd ad, 9 ibd pes OPINION. day, and there was a large turnover, bank stocks being especially active. ("rights") ... (2) Natl. Bank of New Zealand 0 2 4 * AUCTION. 7Jd, 5 bels bid. Kauceby: 12 e 84d, e o 7id, 11 w 8d, 4 w 7Jd, 5 h 8d, 5 h 7id, Transactions, exclusive of vestibule business, included: — 900 Australian Bank of Commerce. 2200 Commercial Bank of Australia. 200 Commercial Bank of Australia (2) Bank of New Zealand 6 5 2 18 0 6 — ■ ' IMPROVEMENT ON TIMARU. 7 pes Sd. Columba: 8 ibd 8id, 4 Oorr h. 9d 4 xbd 7d. Woodburn: 5 Jbd lljd, U 2bd 9id, 12 xbd 8id, 7 xbd 7id; 6 cotts 7jd, 4 cruts 5Jd. J diamond: 4 Oorr 9Jd, 12 Corr 9d, 5 h 83d, 7 Corr 8d, 9 pes 7id. J M "Wool has passed through many phases in the past nine years," said Sir Emmanuel Hoyle, governing director of the farm of Joseph Hoyle and son Ltd., woollen manufacturers, of Union Bank of Aust. 11 16 11 17 11 17 11 18 6 0 6 0 over curve 1 : 5 jfbd 8id, 8 xbd 8d. Kemuera: "rights." Goldsbrough, Mort .^, 1 13 y The third sale of the present season's Christchurch series was commenced last night, and will be concluded to-day. 4 pes 8Jd. Greenhiils: 4 pcB 7id. Circled (J over 0: 4 ibd yd. Stf: 4 Jbd Sid. K over W: 7 ibd e 10id. D.C.: 5 ibd a lid, 5 ibd e 9d. Crosby: 10 ibd e «id. Bar over 1<'4: 4 ibd e 8id. CW over bar: 4 Jbd 10Jd. iluddersfield, England, to a representative of The Press last evening. "Prices have fluctuated, mainly through the operation of speculators 50 Bank of New Zealand. 50 National Bank of New Zealand. 100 Union Bank of Australia. 450 Goldsbrough, Mort. 1 13 (2) 1 13 N.Z. Refrig. (10s paid) ... 0 5 British Tobacco ... ... 2 3 7 6 4 0 Before adjourning 10,000 bales had E5: 4 pes Hid. Glen Park: 8 Corr e loijd. who have not been interested in real 100 N.Z. Eefrigerating (10s paid). Colonial Sugar 44 0 0 been offered, representing half of the eatalogue. The gallery of the Caledonian Hall was filled with visitors, and the seating accommodation in the main Sandford Downs: 7 ibd e Uid, 5 Jbd e 81d. B reversed L: 4 Jbd 73d, 4 xbd 7id. Tailed J: 5 ibd e 93d, 7 Jbd 9Jd. The Brothers. 11 Oorr e yjd, 5 8d, t> h Bid, 4 9d, S pes 8d. Raglan: 17 comeback 9Jd, values, as between grower and consumer. Thev have inflated prices when it has suited them, but when an unnatural condition prevails there is 25 New Zealand Breweries. 100 British Tobacco. 5 Colonial Sugar. 810 Mount Lyell. Mt. Lyell ... (3) (3) Quill, Morris -. 1 15 11 1 15 10 1 16 0 0 14 0 9 h 92d. Heat: 8 Jbd e 10id. Blowairy: 4 bound to be a reaction, a drop in £590 N.Z. Farmers' Co-op. 6£ per cent. hall was also occupied with those more ibd e lOJd, 9 92d, 8 3bd e 9d, 4 xbd e Stock, 1945. Sales Reported— directly interested in the sale. The catalogue and the order of sale 7id, 7 ibd h 83d, 8 ibd bels and pes 7£d, Xu: 10 bales ibd 9iu. Lochamou: 7 xbd 8d, 5 7d. AWB over Motunau: 6 ibd pes Pr '"8o' it was last year. The crossbred market was upset by the withdrawal ot 100 Quill, Morris. 100 New Zealand Drug Co. Comm. Bank of Aust. Union Bank of Aust. 1 3 10 11 18 0 were as follow: — Bales. 8d. M2: 4 Jbd lOd. JC: 4 xbd 8id. Dialarge quantities of wool from South Australian Bank of Commerce shares N.Z. Breweries 4 4 0 mond bar Diamond: 6 Jbd h lOJd, 11 Jbd America by a man not normally conhad dealings at 26s Id and 26s,- and N.Z. Farmers' Co-op., 6i H. Matson and Co. .. •• 2,237 New Zealand Farmers' Co-op. .. 4,933 N.Z. Loan and M.A. Co. .. 1,662 Dalgcty and Co. .. •• 5,374 e 93d, 4 3bd 9d, 4 pes 7Jd. Eopu: 4 xbd 7id. WO: 7 ibd e lOld. Ashleigh: 5 ibd e 113d. TE conjoined: 7 ibd e and cerned in the wool business, who merely there were further sellers at 26s, buyers per cent, stock, 1946 ... 87 0 0 saw an opportunity of making money at 25s lid. Commercial Bank of AusN.Z. Drug (2) 3 13 0 h 104d. 3J: 8 ibd 7?d. T.K.: 4 ibd by it. A natural reaction set in aftertralia on an active market were dealt Old. DWC: 6 2bd e 9Jd, 5 Jbd e and wards, as tho increase in price then in at 23s lOd and 23s 8d, and more were Pyne, *Gould, Guinness .. 5,506 National Mortgage and A. Co. .. 2,666 h lOd. 5VV: 4 |bd 7Jd. Cranford over ED reversed: 6 merino 0 lOid. LO: 4 Southdown e and h 8id. KD over dash: operating was not caused by a real demand for wool, and also because wool offered at 23s 8d, buyers at 23s 7d— the "rights" had dealings at 2s 4d, closAUCKLAND. 22,378 4 ibd e 9id, 7 3bd e 8Jd. VZ: 4 xbd is a sesaonal crop, so that any quantiing quotations 2s 2d buyers, 2s 5d Sales Reported— e 7Jd. 3S: 4 Jbd lOd. Oakside: 4 Southties withheld at one time must, when sellers. National Bank of New Zealand £ s. d. The catalogue was not up to the down 9d, 10 ibd e lOJd, 6 3bd e 9d, 5 released later, affect the price of tho shares were firm with dealings at £6 War Bonds, 1938, 4* per •tandard of the corresponding sale last pes 71d. Maronan: 4 pes 63d. Are over J: 6 ibd lOd. P over dash: 4 Jbd 9id. new season's clip. Moreover, the de5s, sellers staying in at that price, cent., 99 5 0 year, the erratic growing season being NC: 8 Corr e 83d. MD over E over 7 mand was really less than usual l>ebuyers at £6 3s 6d. Buyers of Bank Commercial Bank of Austraresponsible for a bigger proportion of in Angle: 4 xbd 8id. AMG: 5 |bd 8}d. csiuse of the production of other proof New South Wales, cum dividend, lia ... ... (2) 1 3 9 tender wool, and much of it was heavier AH: 8 ibd 11 Jd, 13 10id, 7 Corr 10 1&, ducts which now compete with wool. jumped to £41 5s, sellers at £42. Bank Do. (rights) ... 0 2 6 in condition. 9 ibd pes 8Jd. Karetu Downs: 14 Corr e Hid, 13 lid, 4 pes 7id, 4 bels and pes When wool is put to unstable prices' of New Zealand scored a rise of Is with 0 2 4 lOJd. JK: 16 3bd e and h lOJd. DM: dealers are merely playing into the business at 58s 6d, and further buyers National Bank of New ZeaTine Halfbreds Improve. 4 ibd lOJd. MA: 4 ibd 9d, 5 3bd e 9d. hands of the manufacturers of substiat that price, sellers at 59s. Union Bank of Australia moved up from £11 land 6 4 0 There was a full bench of buyers, all Highpeak: 7 Jbd e and w 8d, 4 82d, 7 tutes—-they are givine; the market to National Bank of Austraconsuming points being represented. The sale was anticipated with unusual interest, as the hardening at Timaru ibd e h 9d, 5 ibd w h 9id, 5 ibd h 93d, 4 ibd w lOJd, 7 lOJd, 5 ibd w lOd, 12 ibd e Hid, 8 8id, 13 93d, 7 ibd e 9Jd, 4 xbd 8d, 7 ctd 9Jd, 15 ibd pes 82d, such prodi'icts as artificial silk. "The fall in price this year has been a natural movement toward stability," 16s 6d to £11 18s, market closing £11 17s buyers, £11 18s 6d sellers. New Zealand Insurance shares, cum divilasia Bank of New Zealand Union Bank 15 11 2 18 12 0 0 9 0 ereated the hope that the continued run of falling prices since the commencement of the season had at last been 10 8id, 6 bels 7d, 5 Iks 33d. Horsford Downs: 6 ibd 9jd, 8 ibd e lOd, 7 93d, 7 pes and nks 7id. Stanton View: 9 ibd 93d. RO over Cheviot: 7 Corr e lOd. W continued Sir Emmanuel. "The less the wool market is interfered with by outsiders the better chance there is of a natural recovery; but unfortudend, hardened to 44s buyers, 46s sellers. South British Insurance shares were firmer with buyers at 61s, sellers New Zealand Insurance ... South British 2 4 3 0 3 1 0 6 0 arrested. This hope was realised last over dash over 0: 9 xbd 9d. FA: 5 Jbd at 62s 6d. Goldsbrough, Morts were -Westport Coal 1 9 0 night. Fine half bred wool was be ern centre by uj for all other woo competition exce best of Timaru p was little elastic! being obvious th* bred and threequartertter than at the south- > to a halfpenny, and s prices were firm and ptionally keen at the rices. However, there ty in buyers' limits, it it they were operating e 9id. Nga-wiro: 5 ibd bels 6d. R reverse B conjoined: 6 merino e 10id, 7 ibd e 9id. Dash over ST over dash: 4 ibd h 9Jd, 4 e 9d, 4 ibd e 8d. MT: 4 3bd e h 8d. Dash over HN: 6 |bd 0 8Jd. 9: 4 ibd 8id. LB over M: 4 Ibd 63d. AD: 4 merino 10 \d. Rochello: 7 xbd 7id. Arrow over W: 6 merino e 9d. Dash over JH: 19 ibd e HJd, 8 8d. U: 4 3bd 73d. MT conjoined: 4 xbd 7Jd. Te Whakuru4 xbd h 8Jd, 4 xbd 8d, 20 73d, 4 pes and bels 4Jd. Dash over C: 6 xbd 8id, 5 73d. F.P.: 6 ibd 9d. R4: 4 xbd 8d. M. over Gough's Bay: 19 xbd 8d, 7 7id, 10 73d 9 pes 53d. JB over R: 8 xbd 72d. nately some of the Australian growers have not realised this. When prices began to fall at the beginning of this season they tried to stabilise the market by withdrawing large quantities of wool, thus causing a lack of»confidence among tho people who use wool. A reaction similar to that of last year set in, and the growers have suffered in consequence. "If New Zealand growers of wool only adopt a common-sense attitude at the remaining sales of this season," said Sir Emmanuel, "I think conditions- will return to normal, confidence will be restored, and the people who are actually concerned, the users of wool for manufacture, and the consumers, will come into the market again, and woo) will rise steadily in easier with dealings at 33s 9d, 33s 7d, and 33s 6d, and further sellers at 33s. 6d, buyers at 33s 3d. New Zealand Refrigerating 10s paid shares advanced to 5s 4d, and more were wanted at that figure, sellers at 5s 5d. New Zealand Breweries were firm at 84s, closing quotations 3d on either side. Tooths Brewery buyers raised their bids to 41s without attracting sellers. British Tobaccos were taken at 43s, and more were offered at that figure, buyers- at Auckland Gas ... (2) Bartholomew British Tobacco ... Colonial Sugar ... ... Henry Jones Milne and Clioyce (deb stock Wilson's Cement) (2) Mount Lyell WELLINGTON. 1 3 1 1 2 3 .44 O 44 5 1 10 1 7 1 19 1 16 1 16 9 6 6 0 0 3 0 6 0 3 nn wi 7 del ine d limi ts. Compared th last Ch ristc! e. values were about a penny down, a narrower margin than appeared probable a week or so ago. A few Continental representatives who were prominent at the earlier sales here were silent last night, but there was much moro competition by Bradford, and also America. The Continental representatives were mainly interested in scouring wools, and local fellmongers were also in the competiDash over W2: 6 xbd 7d. IIT: 6 xbd 7d. PH rev. conj.: 11 xbd e 8d. CEJ: 6 Corr e 12d. Dash WLN: 6 xbd e 93d. 3X: 4 ibd Hid. N.Z. over dash: 4 Jbd e lid. 8 3bd lOd, 4 xbd e 7id, 5 pes 63d. R in diamond: 5 Jbd e 91d, 8 ibd h 9id. Trenoddeu: 6 ibd e 11 Jd, 5 10id, 6 pes 7Jd. Arc over HG: 7 ibd e 10fd. F on back B conj.: 10 ibd e lOid, 12 ibd e 9*d. Patoa: 8 ibd e 82d. GM over NB: 8 ibd lOid. H9: 7 ibd e 42s lOd. Colonial Sugars advanced to £44, market closing £44 buyers, £44 10s sellers. Mount Lyells had dealings at 35s lid, 35s lOd, and 36s, closing quotations 36s sellers, 35s lOd buyers. New Zealand Drug Company shares changed hands at 73s, market closing 72a 6d buyers, 73s 9d sellers. New ZeaSales Reported— Bank of Australasia English, Scottish, and Australian Bank (2) National Bank of New Zealand .» £ «. d. 11 10 0 11 15 0 6 16 0 6 5 6 40 10 0 41 0 0 12 0 0 tion for this class. There were some withdrawals from two or three of the catalogues, and the passings over the lid. VR conj.: 4 ibd e lid. W over dash: 6 ibd 9id. LV: 4 ibd e 92d. JR conj.: 4 ibd o 93d. Pyramid: 5 3bd e 102d. 4 10 id. Brookvillo: 6 ibd lOd. W7: 4 Oorr "I think that halfbred is the wool that the world really wants to-dXy; something between a merino, which land Farmers' Co-op. 6£ per cent. 1945 stock was released at £87. Quill, Morris weakened to 15s, market closing Bank of New South Wales Union Bank of Australia .. Urst three catalogues represented approximately 10 per cent., and in the fourth catalogue about 5 per cent.e 12d, 4 Hid. Pinehurst: 16 Corr e 9Jd. KC: 8 ibd e 9id. H over K: 15 ibd e 9id. Glenkari: 5 ibd o 12id, 7 2bd e lOJd, 4 xbd c 8id. East Lynne: 6 3bd e 8id. manufacturers would like to use, but which is too expensive, and the coarser breeds, which fail in quality. As the 13s 9d buyers, 15s sellers. Wilson's Cements were firmer with buyers at 38s 6d, sellers at 39s 6d. Goldsbrough, Mort and Co. Commercial Bank of Australia (ord.) 1 13 9 1 S 104 WL; 18 Jbd e Hid, 5 Jbd h 103d, 7 manufacturers have to concentrate on National Bank of New The Top Prices. Best price for halfbred was 13}d, for eight bales of Weld's Hill ewe, the ibd pes 8d. Crosby: 8 ibd h 9d. Dash W plus C: 6 ibd o lOd. Mt. Pember: 9 ibd e 9 id, 4 9d, 5 ibd h 8d, 8 ibd bels and pes 8d. Heart over dash: 12 ibd e 9id, 4 8Sd, 4 Jbd e 81d, 4 ibd pes 7d. JDJ: 4 Corr e the women's end of the trade and compete there with synthetic products, halfbred wool is the best. The harsh, coarse 'handle' of other breeds is not LATEST QUOTATIONS. Buyers. Seller*. £ a. d. £ i. d. Zealand Gear Meat Co. New Zealand Breweries shares 6 6 1 18 4 4 0 0 second classing of the same clip (12 lid. Okawa: 12 ibd e 13d, 8 113d. 6 ibd h | wanted, and the halfbred wool provides N.Z. Government Debentures— Wilson's Cement Co. 1 19 ) bales) making 12$d. Twelve bales of Okawa halfbred ewes sold at 13d, 14 bales Waitohi Peaks 13d, and nine of Wakare halfbred at the same figure. 12id, 4 lOJd, 6 pes 83d, 4 bels 71d. C in diamond: 6 ibd A 12d t 4 xbd lOid, 4 9}d. Y in circle: 4 ibd e 103d, 6 3bd e 9d. 5P: 8 ibd e 73d. Valley View: 6 Jbd « 9ld, 5 9d. Stanley: 13 Corr e 9id, 5 Corr h the soft 'handle' that women want, and can compete with artificial silk for these purposes." Sir Emmanuel, who is accompanied 44 per cent. Inscribed, 1936 .. 90 0 0 90 9 6 41 por cent. Inscribed, 1939 .. 99 0 0 W 10 t Auckland Gas (ord.) 1 3 9 Several other lots made from 12Jd 91d. Glenholme: 5 ibd e lid, 7 lOJd. P a ssby Lady Hoyle. is visitine tho DoSi per cent. Inscribed. 1933 .. 99 S 0 99 10 0 Si per cent. Bonds, 1933 .. 99 f 0 99 10 0 DUNEDIN. to 12}d. Best Corriedale price—the highest price of the sale so far—was 13}d for 10 bales of hogget, Glenafric brand, chendaele: 4 Sbd 8d, 7 xbd 7d, 4 crut 7d. E: | m inion on a business tour, Ihvestigatfbd 4b e d 73d. id pin^ 8 rmr 8 6r on I ing the wante of the country as far as iide: 9 ibd e 8d. M over Rata: 4 Jbd e ! manuractured goods are concerned, and Sales Reported— Bank of New Zealand (8) 2 18 S 93d, 10 ibd 9Jd. Bellgrove: 6 ibd e 9}d. trying to keep an eye on wool markets. Other Debentures — 2 19 0 and 21 bales of ewe of £he same clip Wakare: 9 Jbd e 13d, 8 HJd, 3 lOd, & Though he has not been in New ZeaChristchurch City, 6J National Bank of New made 13d. Another 13d figure was 83d, 4 Jbd Old, 8 ibd pes 8d. Glenard: 7 land before, this is his second trip per cent., 1955 .. 101 0 0 — Zealand .. 6 S 6 secured for 21 bales of V. inverted ibd e 12d, 12 Hid, 6 ibd lOd, 6 8Jd, 6 ibd pes 9}d, 6 ibd bels 7Jd, 6 ibd pes 7id. YX: 5 ibd e lOd. HB: 5 ibd e 8id. round the World in fifteen months. Ho Palmorston North Bor., Goldsbrough, Mort 1 13 10 over 4. over Kingsmoor brand. expects to be in the country for an6g per cent., 1949 — S9 0 0 Ashburtoa Electric, 5} per cent. 1934 .. 100 0 ■ 0 102 0 0 British Tobacco .. 2 3 1 The sale will be resumed this mornOnepunga: 6 ibd e Hid, 7 lid, 4 ibd h , other month, visiting the southern 4} per cent. Inscribed, 1938 ing at 9 o'clock. The sales were:— 9id, 10 91d, 5 pes 8d, 4 nks 9jd Brongh- j portion of the Island, and then goes to ton: 11 Corre lid, 14 9id, 6 h 8Jd, 7 pes j Aintrrnlio nn/1 X« *~ n j i. 9d. R reversed R over Darfleld: 4 Corr • Australia and later on to Canada be9id, 4 h 9d, 4 EX. 63d. 4 7jd, TT: 7 ibd j toro returning home. Banks— Aust. of Commerce — 1 5 11 16 0 (2) Commercial Bank (three parcels after the last 99 5 0 V iav. over 6; 9 Corr e 8id, 5 Oorr « 9d, e lid, 4 3bd e 93d, 7 xbd 73d. Oairndale Australasia .. .. 11 11 0 12 0 0 o* 11 ) 1 S 9 T Corr bels and pes 7d. V in v. over 4 ov. Kingsmoor: 21 Corr e 13d, S Corr pes and belt 7Jd. Pahau Downs: 9 ibd e lljd, 7 Jbd over DD: 5 ibd e 83d, 4 xbd e 8d. 3 over bar: 5 Corr e 9Jd. ATX.: 4 Jbd o 9Jd. J.H.: 4 ibd 8id, IS xbd 73d. The Meadows: 13 CANADIAN WHEAT. Comm of Aust. .. 18 7 18 8 Comm. of Aust. (rights) 0 3 2 0 2 5 E.. S.. and A. .. 6 16 0 6 17 0 ■

LATEST QUOTATIONS. Buyers. i Sellers. £ ■. d. £ s. d. N.Z. Government Debentures— 44 per cent. Inscribed, 1936 90 0 0 99 2 6 4J por cent. Inscribed, 1939 99 0 0 99 10 * Si per cent. Inscribed. 1933 99 5 0 99 10 0 51 per cent. Bonds, 1933 99 f 0 99 10 0 Other Debentures— Christchurch City, 6J per cent., 1955 101 0 0 — Palmorston North Bor., 6g per cent., 1949 — 98 0 0 Ashburtoa Electric, 5} per cent.. 1934 100 e 0 102 0 0 Banks— Aunt, of Commerce ■•_ 1 5 11 16 0 Australasia 1111 0 12 0 0 Comm of Aust. 1 8 7 18 8 Coram, of Aust. (rights) 0 2 2 0 2 5 E., S., and A. 6 16 0 6 17 0 Coram, of Sydney 21 6 0 22 15 0 Notional of Australasia (£5 paid) 7 12 8 7 14 6 National of Australasia (£10 paid) 15 6 0 15 10 0 National of N.Z. 6 8 6 6 5 0 New South Wales (cum div.) 41 6 0 42 0 0 New Zealand .. '2 18 6 2 19 0 Union of Aust. .. 11 17 0 11 18 6 Insurance— Mercantile Mutual .; 1 4 » New Zealand (cum div.) 2 4 0 2 6 0 South British 8 .1 0 8 2 6 Standard , .. — 2 19 6 United 8 8 • — Loan and Agency — Dalgety and Co. IS * • 12 10 0 Goldsbrough, Mort 1 18 8 1 13 6 National Mortgage (cum div.) — 8 18 0 N.Z. Guarantee Corpn. 0-7 9 0 8 8 Permanent Investment — 11 0 0 United Building Society 0 14 • — Shipping— Huddart-Parker 1 18 9 8 9 0 P. and O Deferred Stook _ 111 0 Union (pref.1 .« 1 0 t — Frozen Meat — Canterbury (pref) - 4 • 8 412 6 Gear __ 1 19 6 N.Z. Rafrig. (*1 paid) 0 10 8 — N.Z. Refrig. (10b paid) 0 c 4 0 5 5 North Canty. Freezing — 0 8 0 Woollens— Kaiapoi (7a paid) .. Kaiapoi (pref.) «. 0 8 0 18 S 9 — Coal— Grey Valley .. - Weetport-Stockton (pref.) 1 > t 18 6 — 0 8 9 Gas— Christchurch .. ., 1 ( 9 1 6 11 Christchurch (10s paid) — 0 12 8 Breweries— Crown „., - 0 8 8 0 10 6 Foster'* „ - _ 8 18 0 Monteith's _ ■ _ — 0 19 6 New Zealand — 4 8 9 4 4 3 Staples .. „ 9 8 0 2 9 6 Timaru .. _ 0 16 0 Timaru (6a paid) 0 8 0 0 7 11 Tootha 2 1 0 Ward .. - 0 11 0 0 16 0 White Star .. Oil 0 — Miscellaneous — Amalgamated Wireless (contr.) 1 * 0 -18 0 Australian. Distillery .. — 1 1 0 Beath and Co. 1 9 9 1 11 11 Beath'and Co. (la-paid) . 0 6 8 0 7 2 • British Tobacco . . .. a 2 10 2 8 0 Broken Hill Propty. .. — 16 0 Colonial Sugar 44 0 0 44 10 0 Electro. Zino (ord., cum div.) .....: .. 1 11 8 _ Electro. Zinc (pref., cum div.) 1 12 0 112 8 Greater Crystal Palace 1 0 0 13 0 Hay ward's Pictures. .. — 10 0 Henry Jones Co-op. .. W. R. Cooke and Son 1 10 a. 1 13 Q (JB1 paid) — 0 16 6 "Herald" and "Weekly Times" .. ., 8 1 9 __ Holden'a Motors . ,— 1 8 0 Howard Smith 0 19 0 110 Kauri Timber 0 16 0 Mt. Lyell 1 15 10 1 16 .0 N.Z. Drug Co. 8 12 6 3 13 9 N.Z. Farmers' Co-op. ("A" pref.) 2 6 0 —•' •' N.Z. Farmers' Co-op. ("B" pref.) 2 18 0 N:Z. Farmers' Co-op. (6J per cent. Stock. 1940) 88 0 0 N.Z. . Sugar of Milk (pref.) 1 0 0 Quill, Morris 0 18 9 0 15 0 Victoria . Nyansa Sugar (cum div.) • ■;. 2 0 9 2 2 6 Wilson's Cement 118 8 1 19 6 Mining— ' Mahokipawa .. 0 0 8 0 0 4 - Okarito " — 0 19 Stoney Creek (6d paid) 0 0 8 prem. 0 0 9 Winding Creek (8d pd.> . 0 0. 6 0 0 10.