SOUTHLAND CHEESE.

Press, Volume LXVI, Issue 19979, 14 July 1930, Page 12

SOUTHLAND CHEESE.

SPECIAL BRAND DESIRED. PREMIUM FOR QUALITY. CrRISS ASSOCIATION '.CXUXUtAM.) LWERCAIIGILL, July 12. Dairy factory representatives from all over Southland a'ttended a meeting convened in luvercargill to-daj by the South Island Dairy Association, to discuss the question of branding Southiand cheese, and also a proposal regarding the payment of a premium according to grade. Tbo meeting was under the chairmanship of Mr H. J. Middleton, the chairman of the South Island Dairy Association. Messrs W. G. Wright (secretary of the Association), John Dunlop (member of the Dairy Board), and T. C. Brash (secretary of the Dairy Board) were -in attendance. Mr Middleton explained that at a previous meeting held in Invercargill a Southland brand was favoured, yet at a conference in Dunedin, where many Southlanders were present, a unanimous vote favoured a South Island brand representing the whole territory. It was surely the duty of the directors of the Association to give a lead, and he thought that the expression of opinion on this important question should bo quite definite. He found it somewhat difficult to understand why there should bo any objection to a South Island brand. Anything that might be lost by taking in Canterbury would be gained by taking in Otago. The superfine grade percentages were: —Otago 69, Southland 56, Canterbury 314- The average for the South Island worked out very little below Southland, and he did not thmk that Southland's position would be imperilled by adopting a South Island brand. Personally, he was-not much enamoured of the . branding scheme. The great thine was to establish a high standard of produce, otherwise Southland produce so branded might lose credit on the Home market if some inferior samples were handled. Mr Dunlop said he brought up the motion at Dunedin. The South Island Dairy Board's representative had told him that a South Island brand was to bo advocated. Previously no reason, had been raised against the South Island brand. The two brand 3, "South Island" and Southland" were very similar and might lead to confusion at Home. Mr Singleton had said that a multiplication of brands would lead to confusion. Evidence from Home was that with all Southland's quality they could not get a better price than that of standardised cheese. He quoted a London report from Mr H. E. }>**&, manager there for the Dairy Board. This Mr Dunlop argued showed that the Southland full cream article was not getting anv better treatment than the ordinary article, and he did not think a brand would get thorn thereIf a brand could be the meanß of forcing the position with regard to other producers, then it might be of value. He repeated that two brands would | lead to confusion.

After some discussion a motion was moved that the meeting was emphatically opposed to a South Island brand, and emphatically adhered to its decision to support a Southland brand and this was declaied carried. The question was then discussed ot the proposal raised at the Hamilton conference regarding payment of a premium- according to grade. The chairman strongly deprecated, the policy of inflating the yield a* the expense of quality.. and favoured a premium payment scheme being placed on a national basis; He suggested a resolution: "That this meeting of representatives of the cheese industry in Southland, viewing with grave alarm the reports which are being received ftfomw'overseas regarding the serious decline in the quality of New Zealand cheese, strongly urges the Dairy Division int conjunction with the Dairy Board to take without delay whatever steps may be necessary to give effect to a scheme for premium payments, as carried at the Hamilton Conference, the scheme, however, to be made applicable on a national basis with one pool for fie whole Dominion instead of being divided into separate groups." Mr Brash' commended Southland *na Otago producers on keeping up their qualitv. while in the north many factories had gone for quantity at the expense of grade. There was exposition in the north to a Dominion, pool, because it would mean for a tune » transfer of money from the north to the south. Now at last the north was alive to the need for doing something with regard to keeping quality ip. He istrossed the desirability of a antral meeting with representatives from each place present as a means of tackling a great many of the problems which were being dealt with separately, with a result that they did not get as far as they might. A motion urging a Dominion pool was carried unanimously, and will be sent forward to the Dairy Division and the Dairy Board.

DAIRY PRODUCE MARKETING.

FUSION SCHEME REJECTED.

Some prominence was given recently to a proposed amalgation of the interests of the New Zealand Producers' Go-operative Marketing Association, Limited, and Amalgamated. Dairies, Limited. A meeting of the boards of directors of both concerns took place recently in Hamilton, when certain proposals were submitted by Mr W. Goodfellow, managing director of Amalgamated Dairies. Limited, for the consideration of the directors of the New Zealand Producers' Co-operative Marketing Association, ft is stated that these proposals were of such a nature that the directors of the Marketing Association could not seriously consider them, consequently they were not accepted. The proposals, it is stated, involved extinction of the New Zealand Producers' Co-operative Marketing* Association's activities in New Zealand, and the acquisition by Amalgamated Dairies of the Association's interests in the New Zealand Produce Association of London, which would, in effect, have made Amalgamated Dairies, Lfcl.. Co-partners .with the Co-operative Wholesale Society of England in that company.

COMMERCIAL BANK OF AUSTRALIA.

THE USUAL DIVIDEND TO BE PAID. CPM33 ASSOCIASIOJf T«LEGR£H.) WELLINGTON, July 12. The Commercial Bank of Australia, Ltd., advises that a dividend on preference shares will be paid at the rate of 4 per cent, per annum. A dividend on ordinary shares at the rate of 15 per cent, per annum will be recommended by the Board of Directors at the annual meeting of shareholders, to be held on August 7th. Both dividends are at the same rate as previously. FEWER BANKRUPTCIES. FIVE MONTHS' FIGURES. Notwithstanding the complaints of dull trade there have been fewer bankruptcies during the five months ended May Ist last than for the corresponding period of last year, but-the number of deeds of assignment remains constant. During May there were 59 bankruptcies, against 66 in May last year, a reduction of seven, or well over 10 per cent. There was an increase of four in the North Island, the figures boing 44 against 40, but in the South Island there was a decrease of 11, the totals being 15 against 26. For the five months there were 266 bankruptcies against 286, a reduction of 20. Of the total 189 were registered in the North Island against 199, and 77 in the South Island against 87, so that there were 10 fewer bankruptcies in each island. The deeds of assignment for the five months numbered 80, or exactly the same as in the corresponding five months of last year. Of the total 53 were registered in the North Island against 58, a reduction of five, and in the South Island 27 against 22, an increase of five. LONDON MEAT PRICES. (tiwrrD PRESS ASSOCIATION—ST ZIM.CtM.I9 ' TSLSOBWH —COPrRIGHV.) (Received July 13th, 5.5 p.m.) < LONDON, July 13. The weekly quotations for the undermentioned classes of frozen meats, based on actual Bales of wholesale quantities of carcases of mutton or lamb or quarters of beef delivered to tho Smlthflold market and/or exLondon stores, have been compiled as follows by the Quotations Committee, Smithfield. To arrive at equivalent ox-ship values Id pur lb should be deducted from the prices quoted below. Quotations are average for the week, and are not for selected lines, but for parcels fairly reprebentativo of the bulk of shipments now on offer: — NEW ZEALAND SHEEP. d. Canterbury and North Island selected crossbred wethers and maiden owes—--48 to fiGlb „ .. .. 4£ 57 to 641b „ „.. _ 4$ 65 to 721b .. ..„ i,, 4S NORTH ISLAND. 48 to 561b „ .. „. ii I i>7 to 641b .. .. „. 4i 63 to 721b .... 4i

Ewes—--48 to &ilb w, „ -;-2 65 to 721b .. .. .. 0y AUSTRALIAN SHEEP. First quality crossbreda and/or merino wethers—--40 to 651b »., M „ 3i Second quality: 30 to 561b », ~, .. 3£ Ewes—--30 to 55ib .. ... „. 3 ARGENTINE SHEEP. First quality cr6ssbred wethers—--48 to 6*lb .. -. v. 3i 6S to 721b ,» ... •. «. 3 Over 7-ib .. .. ... SJ

PATAGONIAN SHBBP. Wethers and/or Maiden Ewes— Under 6011* .. .. ... *% 50 to 601b .. '.. ,» 3i NEW ZEALAND LAMBS. Canterbury— Second Quality: Average 38lb _. ./ ». 7j Selected North Island Brands— Second quality: Average 811b .. ~, i» 8 Other North Island brands—--361b and under .. ._< •» 8i Seoond quality: Average Sllb .. -, »-. 7J AUSTRALIAN LAMBS.

Victorian— First quality: 361b and under ». _. ». T 37 to 421b _., .« u. 6-i Other States— First quality: 861b and undo. -_. v 61 37 to 431b * <£ *. 6J Victorian—. • Second quality: 361b and under »* ,~ ». *2 Other States — Second quality; 861b and under « M 4 All States— Third quality .. .. ». «J ARGENTINE LAMBS. First quality: 361b and under .. ... «r 43 to BOlb n% 6j PATAGONIAN LAMBS. First quality: 361b and nndcr .. .. ». 6J Second quality: - Average 80lb .. .„ M 6i NEW ZEALAND FROZEN BEEF. Ox fores: ICO to 2201b .. .. 2 AUSTRALIAN FROZEN BEIR. Ox crops: Under 1001b _» ._, -» 2* Over 1001b X *, ~3 Ox hinds: Over 16Mb _. .. S NEW ZEALAND PKiS. _'ii_t quality: 60 to 1001b M t-, ■„. T Others unchansod.

DAIRY PRODUCE. Messrs A. H. Turnbull and Co. have received the following cablegram from their Principals, W. Weddel and Co., Ltd., dated ondon, 11th inet.:— Butter—Danish, 147b to 146s (last week 146s to 148s); Now Zealand, unsalted 146 a to 150s (146s to 150s), salted 184s to 186s (1348 to 138s); market steady, but little doing. Cheese- -New Zealand, white 75a to 77s (75s to 765), coloured 81s to 83a (81s to 82s); market quiet; Canadian, white 81s to 84s (80s to 83s), coloured 80s to 83s (78s to 83s). The New Zealand Dairy Produce Board has received the following market report from itß London office, dated July 11th:— Butter —New Zealand, salted, 134s to 1365, up to 137s (last -week 134s to 138s); unsalted 146s to 150s (146s to 150s; first whey, 126b (128b); second whey, 134s (1265). Deliveries New Zealand this week 1000 tons; in store New Zealand this week 11,158 tous. Australian salted 131s to 184s (132s to 1335), unsalted 130s to 134s (183b to 1345); Argentine, unsalted 124s to 130s (124s to 130s); Irish cream, salted 136s (1365), unsalted 140s (140s); Danish, 142s f.o.b- 147s to 148s spot (1425, 146s to 148s); Esthonian, 138s (138s); Siberian, 130s (ISOs); Ukranian, 132s (1325); Polish, 110s to 126b (110 a to 1265); French baskets, salted 138s to 140s (138s to 140s). Market steady. Retail prices unchanged. Cheese —New Zealand, white 75s to 77s (75s to 765), coloured 81s to 83s (81s to 82s). Deliveries New Zealand this week 21,642 crates; in store New Zealand this week .130,669 duties. Canadian, white 80s to 83s (78s to 83s), coloured 81s to 84s (80s to 83s), ci.f. 78s to 79s (78s). Deliveries Canadian 4510 boxes, in store Canadian 114,799 boxes. Market quiet. Retail prices unchanged. English finest farmers* 90s to 945. LONDON QUOTATIONS. (trKl'l'SO PRESS ASSOdiTIOK—BT K-ECfJIIC "CELXGE-PH—COPXBIGHT.) (Received July 13th, 5.5 p-m.) LONDON, July 13. Friday's closing prices were:— Cotton—August 7.16 d. Rubber—Para 7d, plantation smoked SJd. Jute—New crop, July and August, £2O 15s. Hemp—No business. High point fair, July and August, nominally quoted £34. Copra—August South Sea £lB 7s 6d, plantation Rabaur £lB 10s. ' Linseed Oil—£37. __—>"■"' Turpentine- 36 2d,

CHRISTCHURCH STOCK EXCHANGE.

SATURDAY'S TRANSACTIONS. Markets wore more lively oa call on Saturday and there was a good tarnover in the Banking and Brewery sections. Transactions, exclusive of vestibule business, included: 200 Australian Bank of Commerce. 700 Commercial Bank of Australia. 5 Bank of New South Wales. , 16 Union Bank of Australia. 50 New Zealand Insurance (cum div.). 15 Permanent Investment. 50 Staples Brewery. 100 Tooths Brewery. 450 British Tobacco. 650 New Zealand Breweries. 100 Mount Lyell. Australian Bank of Commerce shares had dealings at 23s and 22s lid, sellers staying in at 235, buyers at 22s lOd. Bank of Australasia snares weakened to £l2 5s sellers, buyers at £l2 2s 6d. Commercial Bank of Australia shares opened at 21s and rose sharply to 21s 6d, 218 7d, and 21s Bd, closing quotations 21s 7d buyers, 21s 9d sellers. Bank of New South Wales shares changed hands at £37 12s 6d and there were further buyers at £37 15s, sellers at £37 17s 6d. Union Bank of Australia shares were slightly stronger at £ll lis, and more were wanted at that figure, sellers at £ll 12s. New Zealand Insurance shares, cum dividend, realised 475, closing quotations 47s buyers, 47s Id sellers. Permanent Investment shares were released at £lO 7s 6d. market closing 2s 6d on either side. Buyers of Westport Coal Company shares raised their bids to 31s 9d without attracting sellers. Now Zealand Breweries shares eased to dealings at 50s and 60s 2d, sellers staying in at the latter figure, buyers at 50s. Staples Breweries shares eased to 465, market closing 46s sellers. 45s buyers. Tooths Brewery shares were weaker at 30s 6d, closing quotations 80s 6d sellers, 30s 5d buyers. British Tobacco shares had dealings at 36s 9d, sellers staying in at that price, buyers at 36s 7d. Mount Lyells recovered to 24s and more were offered at 23s lid, buyers at 23s 9d. Sellers of Wilson's Cements reduced their limits to 435, buyers at 38s. X.ATEST QUOTATIONS.

AUCKLAND. Sales on 'Change—- £. #. a. Auckland Harbour Board (1937), 5i per cent. ... 96 16 O Commercial Bank of Australia _ -1 J * Bank of New South Wales ft w XSydney Reg.) - - 87.12 6 Bank of New Zealand ... * l l % New Zealand Insurance «~ 2 7 s Mount Lyell ... —l3" WELLINGTON. Sales Reported—- £. e. a. Wellington Gas 00. « J lO 'f Bank of Australasia *~ l-» - 1 y DUNBDIN. Sale oa 'Change—- £. %. a. New Zealand Breweries ... 210 6 STOCK EXCHANGE ASSOCIATION. RULES AND REGULATIONS. The iul<* and regulations of tho Stock Exchange Association of New Zealand were gaKottcd last week. The objects of the ae*°eiatioa ere to bring; about uniformity in respect to commission, usages, regulations, customs amongst affiliated exchanges, to udjust differences between members, ana generally to promote the interests of •ftarebroHug throughout the Dominion. The rules cover delivery and settlement, time bargains, and general matters. The rates of brokerage for the whole ot tho affiliated exchanges aro fixed a* tol-lowe:-On New Zealand Government debentures: .} P«r cent, on face value. On debentures of other Government* and on aebentures of local bodies: J per cent, on face value. On all-other debentures: 1 per cent, on. face value. On company bonds (not secured debentures): U per cent, on lace value. On war certificates: 1 P<* cent, on consideration money. On all ehares up to 6d: id per Bhare. On all "hares over 6d up to 2s: id per share. On all shares over 2a up to 8s 4d: Id per share. On all shares over 3s 4d up to 10s: IJd per share. On aU shares over Is: li per cent. On syndicate shares: 2J per cent. On ngnts to new lesue -To sellers: Kates as above on price of rights. To buyers: Bates as above on the prices of rights, plus the full amount of calls notified by the company at the time of tne issue of rights. Minimum, charge 10s on any transaction; buyers paying stanrp duty and transfer fees. The above rates m respect of sales of shares and of. debentures already issued aro in all case* chargeable to both buyer and seller. A double commission shall be charged to both buyers and sellers on ealcs of shares of all New Zealand companies not listed in any New Zealand exohange. The association may by resolution notify the exchanges forbidding business on any terms by all members, with a particular person or firm, or in some Particular share stock, or debentures, should they deem, such action to be for the general good ««w, on the request of any afflicted exchange, impose a higher rate of brokerage than prescribed in the above rule on any such ■»«". stock, or debenture*, and such r»t« shall be binding upon members of all afftiliatod exC No ? °6»les on 'change or reported sales of Government inscribed stock, bonds, oi' debentures free of income tax shall be officially quoted, unless the sale is of a parcel of 5.500 or over; but in the case of euch stock, bonds, or debentures not free of tax sales of £2OO or over may bo officially quoted. »o quotation shall be made or eale reported of shares in investment companies or debenture stock, other than New Zealand Government debentures, unless the quotation or sale is of a parcel of at least 100 shares of £IOO worth. The debentures and debenture stock « tne New Zealand Breweries, 1/td., eome under "'November «f an affiliated exchange which publishes an official Hat of quotations it permitted to issue a private list or gen- * If'any rt affiUat<d exchaug* i« found guilty of a breach cf the rules may impose a fin. no* exceeding £SO, or .neb. exchange may be called upon to resign _wr SSta* /.tried tar, and failing weh resignation betoe t*eS&ed within one monthlrom*rt» ■ rf ««1 tice it aiall automatically cease to be » mem!:, ber of the association.

WHEAT. CANADIAN CROP PROSPECTS. l\mW fMH *BBOCUTtOX-*T wuscrwo TSLXCBATB—OOPXRIQET.) OTTAWA, July. 11. Much depend* upon the July we»tb« «* to the sine of the Canadian .apnng wheat cropTTho Bureau of Statistics, therefore, in it. crop report, doe. not estimate a bushels as at the end of June, but report* thecdndition of t*e crop ati 91 per cent of a ten-year average a* that date. _ ThiiHwould bflng the total a the neighbourbood of 868,000,000 bushels. But sown oe* happen before the _a_vestu»g. A Winnipeg message etatea that wheat marked new low ietrele to-day, Juljr closing at 08, October 96J, and I>ecember 988 cents a bushel. _____ CHICAGO QUOTATIONS. NEW XORK, July 11. At Chicago. July wheat ta-day •J nk ,_ t _ 85i, the lowest level since 1914, and closed at 86. September dose at 89J and December at 96i cents a bushel. PRICES FOR HIDES. fßecoivod July 13th, C.S p.nu) LONDON, July 13. Quotations for hides ere as under:— MEATWORKS DRY SALTED, d. Queensland — . _ ■ 35 to 451b r -. £ 80 to 401b V *• ■_ • 20 to 801b J- ■»» « New South Wales—--85 to 461b ~- •. 7g 30 to 401b <*ts ' *» • 7 S5 to 851b .. .. _f SO to 301b . • ». 71 WET SALTED.

Queensland—--50 to 601b .. «•' 4 « 40 to BOlb •■•-*. '*.' "41 New South Wales—--60 to 601b . m> w Cfi 40 to 501b ... .•. 5. Victorian Abattoirs — 50 to 601b ..»■ r«. Si 40 to 501b -■_ ». 64

LONDON PRODUCE MARKETS.

The Bank of New Zealand has received tho following advioo from its London office as at the close of business last week:— • Frozen Meat—The market for wether mutton is depressed owing to_ heavy stocks of Argentine. Business is limited for ewes and prices are nominal. There is a Steady demand for lamb. The market is weaker for second quality, but first grades remain steady. The beef market is.quiet and unchanged. Per lb, Wethers— d. d. I/ighfc »r ». H to SJ Heavy ■*. ... 31 to 4i Ewes ~ *» Oi to S| Lambs— O's ~ 8J to 9 Se „ * «. 68 to 8g 4'a *.. * „. 8 to Si Seconds « «. 7J to 8J Ox hinds *. *• 4jto 5i Ox fores * ~ 2| to 3 Cow hinds ■* Cow foras ' «. .. 2J to 2f REGULATING JUTE MARKET. An attempt is being made in Calcutta to regulate supplies and prices in the market for jute goods. Production in the last year has outstripped the needs of the market, mainly because of the long hours worked by the mills. It was agreed some weeks ago that a return to the 54-hour working week should be made on July Ist, and that a holiday of one week should be observed by the trade in October.. On Saturday the mill managements again, discussed the position, and some were iu favour of a 48-hour week'. Another meeting will be held later, and' it was expected that proposals made on Saturday would be ratified. These proposals consisted of a' retention of a 64-hour week, with cessation of work for one week in each of the four months, July to October. The Calcutta market responded quickly to the suggestion, and prices for. cornsacks advanced by 8d to 9d a dozen. The Melbourne market was not affected by the advance, as no business was transacted, and traders do sot expect the advance b« sustained.

Buyers. Sellers. £ s. d. £ e.d. N.Z. Government Debenlmree— 44 por cent. Inscribed, 19S8 and 1939 99 7 6 — 4J per cent. Bonds, 1938 •■ . •• 99 7 6 — SI per cent. Inscribed, 1933 96 0 0 CJ por ceMt. Inscribed and Bonds, 1933 and 1937 •• . •• 90 7 6 ••• &} per cent. Inscribed, 1936 99 6 0 Other Debentures— Gl&xo, 6J per cont., 1945 90 0 0 — N.Z. Rofrig., CJ per cent., 1935 90 10 0 38 0 0 Banks— Aust. of Commerce 1 3 10 13 0 Australa*ifc 12 2 6 12 6 0 Comm. of Aust. 1 1 7 119 Comm. of Aust. (pref.) 6 11 0 6 13 0 Comm. of Sydney 19 17 6 •— E., 8., and A. 6 0 0 — National of Australasia, (£10 paid) 14 V 6 14 12 0 National of Australasia. ■ (£5 paid) National of N.Z, (cam 7 1 6 7 3 0 ditr.) .. 5 15 6 6 0 0 New South. Wales 87.15 0 87 17 6 New Zealand .. 2 17 4 3 17 9 Now Zealand CD Mortgage shares) 1 T 0 — Queensland National .. 6 «3 a — Union oi Aust. »» 11 11 0 31 12 0 Imraxajwe— A.P.A, 0 « 11 0 7* National 0 18 6 "*". New Zealand (cum div.) 2 7 0 a ?-'i Standard' — 3 0 0 Loan and Agency— Daleety and Co. - 10 G 0 11 0 0 Ooldsbrongh, Mont .. 1 7 0 1 7» N.Z. Guarantee Corpn. 0 7 11 0 8 0 Permanent Investment 10 5 0 10 10 6 shipping— i Huddart-Pariter (pref.) 0 19 6 —• New Zealand (6 per cent., 011m pref.) — 9 10 0 «P. and O. Deferred Stock a 1 6 r~ Froaen Meat— N.Z. Hefrig. (£1 paid) — 0 11 3 N.Z. Rofrig. (10s paid) © 4 S 0 5 9 North Canty. Freesing — e a s Coal— Grey V»Uey «. w X 9 6 1*0 Weatport -» ►. 1 It 9 — Stockton (ord.) -. — 0 3 9 Woollens — Kaiapoi (17a' paid) „ (i 12 0 0 18 0 Xaiapoi (7s paid) <u 0 4 4 0 6 0 Oae— Christchurch 1 fl T 1 8 11 Christchurch (10s paid) 0 12 7 0 19 11 Timaru -. 1 1 0 — Breweries— New Zealand „ :~. •i 10 0 2 10 2 Staples 2 3 0 2 6 0 Timaru . • ... — 0 14 0 Timaru (5s paid) .„ 0 6 0 0 6 '9 Toohera 1 0 0 113 Tooths .. ■„ 110 s 1 10 6 "Whito Star .- *. — 0 14 0 Miscellaneoue — Allied Motor* 0 16 Amalgamated Wireless (contr.) — 18 0 Australian Distillery .. 0 19 0 110 Australian Glass .. 1 IS 0 1 17 9 Beath and Co. — 110 0 Booth and Co. (Is paid) 0 6 0 0 7 0 Booth, Macdonaid (pref.) 0 4 0 0 5 0 British Tobacco 1 16 7 1 16 9 Colonial Sugar — 41 0 0 Dunlop PerdriaU, Rubber 0 13 8 0 18 0 Electro. Zino (ord., cum div.) ., 10 5 1 0 7 Electro. Zinc (p«f., cum div.) .. 1 3 4 18 8 Holden'sf Motors «. 0 9 8 0 10 0 Kauri Timber .« 0 13 0 . Howard Smith 0 17 0 Mt."LyeH- .. I s 9 1 3 11 Mt. Lyell (rights) 0 2 0 0 2 6 N.Z. Farmers' Co-op. ("B" pref.) 2 4 e 3 9 0 N.Z. . Farmers' Co-op. (6£ por cent. Stock, 19S9) 77 0 e 80 0 0 N.Z. Farmers' Fertiliser (cum div.) .. X 0 4 110 North Canty. Co-op. Flour 0 12 s 0 14 10 .-Quill, Morris .. Whitoombe and Tombs — 0 13 6 3 & 0 8 10 0 Wilson's Cement 1 18 0 2 3 0 Mining— Alexander »> — OHO Kawarau „ j. 0 u 31 0 0 6 Mahakipawft „ ». 0 0 2 0 0 2J Okarito 0 6 6 0 7 3 Stor.ey Creek (6d paid) 0 0 5 — Waihi 0 14 0 0 14 S Waihi Grand Junction 0 2 0 0 3 0 Winding Creek (la pd.) Winding Creek (6d pd.) 0 0 3 ' — 0 0 4 Cornish Point (la paid) 0 0 S 0 10 SATURDAY'S SALES. CHRISTCHURCH Sales on 'Change- £ s. d. Australian Bank of Commerce 1 3 0 1 a 11 Commercial Bank of Australia (3) 1 1 0 1 1 1 1 1 6 I 1 7 1 1 8 Bank of Now South Wales 37 12 6 Union Bank of Australia 11 11 0 Now Zealand Insurance (cum div.) 2 7 0 Permanent Investment 10 7 6 New Zealand Breweries <£) a 10 0 Staples Brewery 2 1 6 0 Tooths Brewery 1 10 6 British Tobacco (2) 1 16 9 Mount Lyell 1 4 0 Sales Beporfced— British Tobacco (2)--1 16 9 New Zealand Biswases .*. 3 ID S