WOOL MARKET.

Press, Volume LXVII, Issue 20419, 14 December 1931, Page 12

WOOL MARKET.

CHRISTCHURCH SALE. OFFICIAL REPORT. The Christchurch Woolbrolcers' Association report as follows: — The first Christchurch wool sale was held on Friday, when 21,280 bales were submitted to a full bench of buyers. The offering was an attractive one, and comprised mainly fine quality wools, many of which were in excellent condition. There was, however, a larger percentage than usual at this sale of dusty and discoloured lots owing to the dry winter. Competition was keen and general for fine quality wools. Coarse sorts arc still out of favour, and prices for these showed no improvement on late rates. The main competition came from Bradford, the Continent, Japan, and the local mills. A very good clearance was effected at auction. The following is the range of prices: d. d.

LONDON SALES. COMPETITION AT FIRM RATES. —-r—-- - f. (L'NITBU t'HESS ASSOCIATION —BS ELECTRIC TELEGRAPH—COPYRIGHT.) LONDON, December 11. At the wool sales 10,400 bales of j wool were offered, including 6246 bales j of New Zealand.wool, of which approximately 7560 bales were sold. There was good Home and Continental competition at firm rates, especially for best merinos. . New> Zealand lots sold as follows: Halfbreds, Glenfield (top price Is), average lOJd; crossbreds, More (104), BJd; lamb, slipe, Eclipse (Is), 10} d. WHEAT CARGOES. LONDON AND LIVERPOOL. ' i (Received' December 13th, 5.5 p".m.) LONDON, December 12. Wheat cargoes are unchanged, except Plates, which are in free supply. Prices are 6d lower. Parcels are unchanged. Futures aro quoted as follows: London — ! Per Quartei. s. d. December .. • • 2-1.1 February .. .. 24 -> June • • .25 4 Liverpool— , - Pcr cn^al - S. d. December .. *• H March " r oi May • • 0 " BRITISH TRADE. IMPORTS AND EXPORTS. (united press association by electric telegraph— copyright.) LONDON, December 11. The Board of Trado returns for November are as follows: Imports increased £3,799,000, compared with October; exports decreased £12,193,000, and re-exports £1,881,000, the principal increases being:— Iron and steel and manufaetllTPS . . • • 1 Machinery • ■ •• WOO Woollen worsted yarns and manufactures 7 '^,00() Chemicals, drugs, and dyes 980,0J0 Decreases in Imports. Meat •• •• 840,000 Tobacco •. . • • 1,027,000 Wood and timber • • 550,000 Decreases in Exports. Food and drink • • 1,020,000 Iron and steel manufactures 647,000 Machinery ' .. •• Cotton yarns, etc. • • 2 ' Woollen yarns, etc. .. '222 Vehicles ... •• 4,273,000 TIMBER COMPANY'S YEAR. The report of the directors of the Taringamutu Totara Sawmills, Ltd., near laumarunui, for the year ended October disi> states that the past year has been °» e tho most difficult in-the history of the timber industry, which has suffered with ever-increas-ing severity from the effects of the world-wide depression. In spite of the most rigid economics in working operations and the reduction of all expenses to an absolute minimum, a trading loss on the operations ' for the year was unavoidable. In addition, it was necessary to make provision for the payment of income-tax amounting to _£1&01 on the profits earited during the previous year, rce accounts disclose a net loss of £5524 for the year, to which must be added the income ln x provision ,of £l3Ol. After deducting the credit balance brought forward from the previous year ther« remains a debit balance oi £1407«

CHRISTCHURCH STOCK EXCHANGE.

SATURDAY'S TRANSACTIONS. The turnover on call on Saturday morning was small and restricted to v. Jew .stocks. Transactions, exclusive of vestibule business, included: — 20 Union Bank of Australia. 200 Goldsbrough, Mort. 100 'Mew-Zealand Hefrigerating (£1 paid). , . 100 British Tobacco. 300 Okarito. Union Bank of Australia shares were tirm at £7 17s 6d, market closing £7 16s buyers, £7 l&s sellers. National Bank of Australasia £5 ]jaid shares were strongei on buyers' offers, £5 2s, sellers at £5 7s 6d. E., S., and A. Bank buyers moved up to £4 fts, sellers atut'4 19s. Miscellaneous. There was a closer market lor i»algety and Company shares, which were auoted £7 17s buyers, £8 sellers. Goldsbrough, Morts were fractionally firmer, at 23s 8d and 23s 9d, and there were further buyers at 23s Bd, sellers at 23s lOd. _ New Zealand ltefrigerating fully paid shares advanced to lis 6d, sellers staying in at that prize, buyers at lis 4d; the partlypaids were fractionally weaker, with sellers at 4s lid, buyers at 4s lOd. Buyers of Tooths Brewery shares raised their bids to 27s sellers at 29s 9d. Quotations for other brewery stocks indicated firm markets. British Tobaccos were a shade easier, with sellers and business at 26s lid, buyers at 26s fid. Buyers of Electrolytic Zinc preference shares moved,up to 19s o,]. sellers at 19s lid, Mt. Lyells, cum dividend, were steady, with buyers at 20s lOd, sellers at 21s. Golden Point Gold Mining shares were a shade firmer, buyers offering 7ld, sellers asking Bd. Okaritos remained unaltered at 10s 6d, and there were further buyers at that price, sellers at 10s 7d. Golden Dawns claimed buyers at 7s—with sellers at 7,s 6d.

PRICE OF GOLD. (UNITED rWSS ASSOCIATION —HIT ELECTRIC TELBGBAPH—COPYBIGHT.) (Received December 13th, 5.5 p.m.) LONDON, December 12. Gold is quoted at £6 2s 9d a fine ounce. LONDON MARKETS. LONDON, Decoaiber 11. Flour ts quiet. Australian- ex store 21e to 21s 3d. Oats are tending easier. Peas and beana are quiet.

FROZEN MEAT.

SMITHFIELD PRICES. The New Zealand Meat Producers' Board has received the following advice from its London office, dated December 11th, advising that the following are the approximate average prices realised for the week, based on actual transactions of wholesale quantities of the descriptions of meat mentioned, and are for representative parcels of tho goods offering during the week, being for business done on the basis of delivered to Smithfield market and/or ex London stores. ( Pric ®» for the two previous weeks are also shown}. Per lb 11. 4. 27. Dec. Dec. Nov. 11. 4. 27. d. ri. d.

Lamb Market—still affected by large supplies of Australian lamb. Old season's New Zealand lamb slightly easier, but stocks of New Zealnad lamb now small. Mutton Market—Wetliers dull, with trade slow. Ewes quiet, with slightly better demand for light-weights. Beef Market —Little doing owing to plentiful supply 'of Argentine chilled beef. New Zealand Porker Pigij—Prices easier and trade continues slow, owing to large supplies of Home-killed. % SHIPMENTS TO UNITED KINGDOM. The New Zealand Meat Producers' Board is advised from its London office that the shipments from Australia and South America to the United Kingdom during the mon'h of November were as follows: — AUSTRALIA. Carcases mutton . . 159,280 Carcaseß lamb .. .. -751,539 Quarters beef . . . . 56,710 SOUTH AMERICA. Carcases mutton . . 29,205 Carcases lamb . . 447,087 Quarters beef frozen) .. 5,002 Quarters beef (chilled) . . 423.824 The shipments from New Zealand to the United Kingdom for the same period were as follows: — Carcases mutton •• 111,464 Carcases lamb .. 3?3,353 Quarters beef .. • • 19,938 The shipments ftom South America to the Continent of EUropo during the same period were ris follows: —Mutton, 800 tODs; frozen beef, 4190 tons. The Bank of New Zealand has received tho following ' advice from its London office as at the close of business last week: — .frozen Meat —The market for wether mutton is depressed and is affected by heavy supplies 'of Australian meat. Tli© marked for ewes is dull. There is a good demand for lambs for the time of year, although the market is .affected by heavy: supplies of Australian. '■ < Per lb. d. d. Wethers, light .. 33 to 4i Wotbers, heavy . . 3 to 38 Ewes .. .• ,25 to 23 Lambs. 2's . . .. 6£ to 7J Lambs, B's .. sfi to 64 Lambs, 4's .. .. 4| to 5 Lambs, seconds .. 4J to 5 LONDON QUOTATIONS. \ (UNITED PRESS ASSOCIATION—BT ELECTRIC TELEORAIH —COPXBIGHT.) (Received December 13tli, 5.5 p.m.) LONDON, December 12. Friday's closing price's were as follows: — Cotton —January, 4.91 d. Rubber —Para, 4|d; plantation, smoked, 4 *Jute—December-January, £2l 12s 6d. 1 Ilemp—December-February (nominally), £2 Copra—December-January (nominally), South Sea, £l4 2s Od; plantation, Rabaul, £l4 10s. Linseed Oil —£14 15s. Turpentine—s2s 9d. Osmiridium —Unchanged. CO-OPERATIVE DISTRIBUTING COMPANY. The annual meeting of the New Zealand Farmers' Co-operative Distributing Co., Ltd.. was held at Masterton on Thursday, the chairman of directors, Mr T. Curne, of Wanganui. presiding. In moving the adoption o£ .the report and balance-sheet. Mr Currie said he regretted that the net profit was not larger, but thought the meeting would agree with him that the company was fortunate in having been able {o ''balance its budget" and show a profit at tho end of a year which had been so full of difficulties for all connected with the primary industry. He was glad to say that in spite, of. the depression the company had maintained a sound position, its liabilities amounting to £68,141. and its assets to £221,140, giving a surplus of £153,005, without including £4IBO at credit of the profit and loss account, against a paid-up capital of £133,586. The net profit for tho year amounted to £1353. METHVEN STOCK SALE. The fortnightly stock sale was held in the Methven saleyards on Thursday, when fair entries of stock were yarded. There wasvft much smaller attendance of farmers than usual, due probably to the fact that shearing and other seasonal farming operations were' in full swing. Sales recorded are as follows: gh ee p—Six fat ewes at 9s, 7 woolly ewes at 13s, 31 woolly wethers lis, 10 fat ewes at 12s', 6 do. (shorn) at 7s 9d, 6 woolly ewes 10s, 6 at lis 6d, 13 shorn wethers 10s, t shorn ewes at 9s, 6 shorn wethers lis, 7 at 14s 6d, 10 woolly ewes at lis Id, 8 at 9s 6d, 1 wether at lis 3d, 10 ewes at 8s 9d, 19 woolly ewes at 12s, 14 do. at lis 3d, 11 do at 9s 6d, 176 ewes and lambs at Bs,' 181 three-quarterbred do. at 9s, 90 at 9s'2d, 73 at 8s sd. Cattle —One cow at £7, 1 Shorthorn bull at £3 15s, 1 Friesiau do. at £2 10s, yearling heifer at 21s, 4 do. at £1 7s 6d, 2 steers at £3 7s 6d and £4. Pigs—Weaners made from 14s 6d to 17k, 5 porkers at 30s. POULTRY PRODUCERS, LTD. The Canterbury Co-op. Poultry .Producers, Ltd., report that the quantity of poultry for the wc«k has been very heavy, and good quality birds, particularly chickens, ducklings, and goslings, have sold well, but small chickens, poor hens, and old ducks arp hard to sell at any price. The following prices were realised per pair on account of these clients:—Mr J. Lindsay, Kaiapoi, chickens, from 10s to 12s 6d: D. Patullo. Bromley, white ducklings up to 8s 6d; J. Boyd, Rangiora, goslings up to lis. • The following aro the average prices per pair:—Table chickens, light 3s to 6s 6d, heavy 8s to 12s 6d; hens, light 2s to 3s od, heavy 4s to 6s 6d; ducks, old 2s 6d to ss; ducklings, os 6d to 8s 6d: turkeys, hens 7s to Us. gobblers 15s to 225. Eggs—Our prices are first grade hen eggs lid, seconds and ducks' lOd. All guaranteed fresh. — 8

MINING.

GOLDEN DAWN GOLD MINES, LIMITED. The following is the mine report for the two weeks ending December sth: — In tho stopes on No. 1 reef abovo No. 3 level four machines have been working breaking ore and filling tho stopes. The reef here averages 3 feet wide, and the ore by assay is of a good payable value. In the stopes on No. 3 reef above No. 3 level two machines have been working breaking ore and filling the stopes. The reef here also averages 3 feet wide, and looks very well, and the ore broken by assay shows it to be good payable ore. Cross cut east from No. 2 level to cut No. 3 reef lias been extended 25 feet, total 35 feet. The country rock here is still of a splendid class, being interlaced with mineral veins and quartz stringers. Two small leaders over 8 inches wide liavo been cut and both show cinnabar in the stone, but no assay has been done from either of the lenders yet to prove tlieir value. GOLDEN POINT COMPANY. The manager reports that the month's return from the Golden Point gold and scheellte mmo was: Smelted gold 104oz 4dwts; gold concentrates, 11 toos, assaying soz ldwt 22grs to the ton, 5600z ldwt—a total for tile month o£ 160oz Sdwts. .Reporting on the position underground, tile manager says: , In reference to developments since we cut the reef in the drive .from the rise in the No. 4 cross-cut, this rise was put up in reef formation practically the whole 20 feet, the last ten feet of the formation assaying- lOdwts llgrs, the whole of the values being contained in the pyrites. No 3ssay lias yet been made of the lower ten feet, but this will be done as soon as further supplies of crucibles arrive. Seeing that the lower ten feet also carries a good perccrtage of pyrites, there is a strong probability that the whole twenty feet will average from 7 to lOchvts, the whole of which of course will be taken for treatment in the ball mill, which it is proposed to install. We have devoted attention to »the same formation in the intermediate level, about 150 feet away from the rise mentioned above. There the formation is tweive feet wide, the upper six feet assaying loz Bclwts llgrs, the lower six feet assaying sclwts 22grs, the average over the whole twelve feet being 17dwts 4.sgrs. Only a portion of 'he above values is in the form or free gold, the greater portion being in the pyrites, which, oi course, we shall collect in the concentrates. The reef in the new block where we intersected it last week is carrying better values than we have ever had before, and curiously we have seen quite coarse gold in the stone, which we have never had before. The stope in the intermediate level is also giving very ?;pod values, having assayed loz sdwts 6grs and loz 3dwts 6grs. Here again a good, proportion of the values is contained in the pyrites, and is going into the concentrates. While we are getting less concentrates than formerly, the values are now much higher, the assay this week being soz 4dwts 13grs against the previous average of 4oz lOdwts. It is my conviction that further assays will prove tho wisdom of installing a ball mill large enough to treat the whole of the reef formation, which we have proved to be from twelve to twenty feet wide. - I DAIRY PRODUCE. LONDON QUOTATIONS. The New Zealand Dairy Produce Board lias received the following report from its London office, dated December 11th:— Butter—New Zealand, salted 102s to 106s (last week, 107s to 110s), unsalted 110s to 120s (116s to 120b), first whcy-!)8s (102b), second whey 96s (100s): Australian, salted 100s to 104s (105s to 108s), unsalted 108s to 110s (108s to 112s). Market weak and irregular. Argentine, unsalted, 90s to 100s, exceptional 102s (94s to 100s) ; Danish, 132s f.0.b.,;140s spot (128b, 134s to 1365); Dutch, unsalted, 144s to 140s (144s to 1465); Siberian, 94s to 96s (95s to 965); Ukranian,93s to 968 (8615).- Murkct quiet. . land'retail price Is 2d, tianish'-ls Cheese—New Zealand, whito 63s to (34s (66s to 675), coloured 60s to 62s (62s to 635) : Australian, white 60s to 625, coloured 58s to 61s: South African, coloured, 56s to 58s;' Canadian, white and coloured, C6s to 70s (66s to 70s); English, finest farmers', 92s to 100s (92s to 100s). Market slow. New Zealand retail price, 9d. Tho Board lias also' received- the- following advice from. its agents in Canada:—Butter, New York 30J cents, Montreal 22 cents. A. S. Patcrson and Co., Ltd., have received " tho following advice from their London principals, J. and J. Lonsdale and Co., Ltd.:— Butter —Market lower 'owing to heavy arrivals. Continental market firm. Larger consumption due to depreciated exchange, ■Danish 1365. New Zealand 104s to 106s, Australian 102s to 104s. . Cheese —Market lower duo to competition bacon. Whito cheese 63s to 645, coloured 60s to 625. COMPANIES REGISTERED. The registration of tho following new companies is notified in the current issue of the "Mercantile Gazette":— Deane (E. T.), Ltd. Registered as a private company November 28th, 1931. Office, 81 A- Manchester street, Christchurch. Capital: £1390 into 1390 shares of £1 each. Subscribers: Christchurch, E. T. Deans 1389, S. P. Smith 1. Objects: Clothing manufacturer, etc. Masson Building, Ltd. Registered as a private company November 28th, 1931, Office, Station street, Ndpier. Capital; £SOOO into 5000 shares of £1 each. Subscribers: Hastings, 11. \V. Bishop 250; Napier, J, Humphries 500, 15. Williams 1000, E. McGregor 500, T. Gilray 500, E. W. Lloyd 250, H. A.Prater 375,. E. E. Fenwick 200, J. T. Penwick 300, A. L. Bailey 625, L. Stevenson 500. Objects: To purchase or otherwise acquire, settle, and improve lands in Napier and elsewhere and general ■ incidental. LEAD IMPORTS. (UNITED rHKSS ASSOCIATION—BI! ELECTRIC TELEGRAPH —COPYRIGHT.) (Received December 13th, 5.5 p.m.) LONDON, December 12. Lead imports and exports are as follows: Tons. Imports . . . • 30,487 Australian .. 8,059 Exports .. 2,955

FOREIGN EXCHANGES.

(BRITISH OFFICIAL WIBiikESS.) (Received December 13112, 5.5 p.m.) RUGBY, December 11. The following are tho current rates ol exchange, compared with those of December

STERLING IMPROVES. RALLY IN STOCK MARKETS. (BRITISH OFFICIAL WIRELESS.) (Received December 13th, 5.5 p.m.) HUG BY, December 11. Sterling improved on the foreign exchange to-day, and in the stoqk markets there was a sharp rally of British funds. This movement was generally attributed to yesterday's optimistic statement.by the Chancellor of the Exchequer (Mr Neville Chamberlain) on the Biidgct prospects. TIN QUOTATIONS. (Received December 13tli, 5.5 p.m.) NEW YORK, December 12. Quotations for tin (standard) futures today, compared with those on December 9th, are as follows: — Dec. 9. Dec. 12. Cents. Cents. perlb. per lb. December . . 20.15 20.85 January . . 20.40 21.00 February . . 20.55 21.20 March .. 20.65 21.35

MERINO 64-70's, 60-64's— Super to 102 Average to y Inferior .. 5 to 7 CORRIEDALE— Super 9i to 11 Average 8 to Inferior 6 to 7 i PINE HALFBRED 58's, 56S's, 56's Extra Super 10$ to 11} Super 9 h to 104 Average 8* to Inferior 04 to 7 j MEDIUM HALFBRED 50-56's, 50's Super 9 to 10 Average 7-J t(f 8£ Inferior . . 5 to 7 COARSE HALFBRED 48-50 's— Super 11 to 8 '■ Average ft to 7 Inferior 4-J to 51 FINE CROSSBRED 46-48's-Super 6i to 7- 1 Average 5J to 61 Inferior 4 to 43 MEDIUM CROSSBRED 44-46's-Super 4J to r i : 4-1 Average 4 to Inferior 2-1 to 31 BELLIES AND PIECES— Merino good to super 6 to 8 Merino low to medium 4 to BELLIES— 5 to Halfbred good to super. 7 Halfbred low to 41 mediun\ 3| to PIECES— to 81 Halfbred good to super 6 Halfbred low to 5.J medium 33 to BELLIES AND PIECES— Crossbred good to to super 4 5| Crossbred low to 31 medium ro CRUTCHINGS— 21 to 4 Medium to good Inferior and seedy 1 to - LOCKS— _ to Merino 2 Halfbred 2 to 2 1 Crossbred lilto - ... .—

LATEST QUOTATIONS. Buyer a. Sellers. £ s. d. i 8. d. N.Z. Government Debentures — 4£ por cent. Inscribed 1938 96 5 0 ' 97 0 0 4J per cent. Inscribed, 1939 96 5 0 — 4£ per cent,. Bonds, 1S38 and 1939 96 10 0' — 5£ per cent. Inscribed, 1933 99 0 0 1 00 0 0 51 per cent. Bond3, 1933 99 5 0 — 5V per cent. Inscribed, 193G 99 5 0 1 00 0 0 5J pec cent. Bonds, 1936 100 0 0 ■— 54 per cent. Inscribed, 1937 .. •• 99 7 6 100 0 0 51 per cent. Bonds, 193" 99 15 0 L Other Debentures— Christchurch Trams, 5J per cent., 19 ft 97 0 0 — North Canty. Hospitaj, 5? per cent., 1950 — 101 0 0 Banks — Australasia 8 16 (1 8 13 6 Comm. of Ausl. 0 16 3 0 16 7 Comm. oE Ausl. (pref.) 6 0 0 6 15 0 Comm. of Sydney 14 5 0 15 5 0 J3., S., and A.' 4 9 0 4 19 0 National of Australasia (£10 paid) 10 10 0 — National of Australasia. (£5 paid; 5 1 0 5 7 6 National of N.Z. (cum div.) 4 -z 0 ■t 11 0 New South Wales 28 0 0 28 0 0 New Zeala'ifl .. 2 5 6 2 6 0 Union of Aust. 7 If? 0 7 18 0 Insurance— ; National .. n 12 6 0 i:; 3 New Zealand .. 2 0 0 — Queensland — 2 0 0 Loan and Agency— Dalgety and Co. .. M7 0 8 0 0 Goldsbrough, Mort 1 3 8 1 3 10 N.Z. Guarantee Corpn. 0 5 0 ' — ShippingUnion (pref.) 1 0 0 — Frozen Meat — N.Z. Refrig. (i'l paid) , 0 11. 4 0 11 6 N.Z. Kefrig. (10s paid) 0 4 10 0 4 11 Coal— Stockton (ord.) 0 0 i 0 0 1J Gas— Christcliurcli .. 1 5 3 Christchurch (10s paid) 0 12 6 0 12 10 Breweries — Carlton 1 7 6 1.9 9 'Now Zealand .. , . 1 9 0 19 4 Staples Toolieys 0 15 0 18 0 Tooths 1 2 7 1 2 11 Miscellaneous — Allied -Motors 0 1 2 0 13 Amalgamated Wireless (contr.) 0 13 0 0 16 0 Beath and Co. (Is pd.) 0 0 11 0 1 2 Beath and Co. (pref.) 0 19 9 13 0 British Tobacco (.cum div.) 1 6 6 1 6 11 Colonial Sugar 37 0 0 38 S 0 Dominion Builders' Supplier 0 1 6 0 3 0 Dunlop Perdriau Rubber 0 11 9 ' — Electro Zinc (pref.) .. 0 19 9 0 19 11 Mt. Lyell (cum div.) 1 0 10 1 1 0 Wilson's Cement 1 14 0 1 16 3 Woohvorths (N.Z.), pref. 1 4 6 1 5 0 Mining— Cornish Point 0 0 2i 0 0 3J Golden Dawn .. 0 7 0 0 7 6 Golden Dawn (lights) .. 0 2 0 0 2 6 Golden Point .. 0 0 7J 0 0 S King Solomon 0 2 1 0 2 4 Mahakipawa 0 0 4 0 0 5 Mahakipawa-- (pref.) .. 0 0 4 0 0 7 Okarito 0 10 6 0 10 7 Waihi 0 16 4 — Waihi Grand Junction 0 3 9 0 4 3 SATURDAY'S SALES. CHRISTCHURCH gales on 'Change— £ s. d. I'iiion Bank of Australia ... 7 17 6 Goldsbrough, Mort 1 3 8 1 3 9 Now * Zealand Refrigerating (£1 paid) 0 11 6 British Tobacco (cum div.) 1 6 11 Oknrito f3) 0 10 6 AUCKLAND. Sales on 'Change— £ s. d. Australian Glass 18 11 Waihi ... - 0 16 44 WELLINGTON. Sales Reported— £ s. d. N.Z. Govt. per cent. Bonds, 1937 ,... 100 10 0 N.Z. Govt. o£ per cent. Stock, 1937 100 0 0 N.Z. Govt. 4J per cent. Stock, 1938 96 15 0 N.Z. Refrigerating (10s) 0 4 10i N.Z. Refrigerating (10s) 0 4 9 Farmers' Trading Co. (A 13 11 pref.) 0

New Zealand Sheep Canterbury and « North Island selected crossbred wethers and maiden ewes: •1 4S-561b 4 -1 57-641b 3JS 3 A 65-72lb • • • • i 31 33 as . North Island: n 48-561b 3J ■> -i 57-641b . • • ■ 38 3 i! 65-721b 3| 33 38 Ewes: 31 481b and under 3 J :;j 48-641b 2 i -5 2 4 65-721b 2| 21 28 New Zealand Lambs — Canterbury: 3Glb and under 71 7g 7B 37-421b Gi tig n 43-501b 5 5 5 Second quality: 51 5J Average 331b 5 J Other South Island brands — 3Glb and under 7 7 7 37-42Ib 61 6J 43-5011) 5 5 5 Selected North Island brands (including— Downs): 361b and under — ■—- 7 jj 37-421b — — f'B 43-5011) — — 5 Second quality: Average 31 lb — — • r '» Australian Lambs— Victorian: First quality (new season's) : 361b and under 62 .'S7-421b ■'A 5 4 Argentine Lamb— First quality (new season's) 361b and under 0 0 6 37-421b 5 5 5 New Zealand Beef — . Ox fores 21 2i 2g Ox hinds 3g 3g n Argentine Chilled Beef— Ox fores 3 J 31 . 3 i Ox hinds 6 5* 5i Australian Frozen Beef— Ox crops, over 1001b 2 i 21 2g Ox hinds, over 1601b N.Z. Prime Porker Pigs— 3y 3 1 3| 60-1001b . . 5g 5 4 sj 101-120!b 5 5 New Zealand Prime Baconer Pies— 121-1801b 4i 41 4j

9th and par: — Par. Dec. 9. Dec. 11. Paris, fr. to £1 12(1.21 832 84 1-1G New York, dol. to £1 •1.866 3.28* 3.32J Montreal, dol. to i.1 4.866 3.94 3.9£i Brussels, belgas to £1 35 23J 23 13-16 Geneva, fr. to £1 25.226 165 17 Amsterdam, fl. to £1 12.107 8.IS 8 7-33 Milan, lire to £1 93.43 63| C4& Berlin, rcichmarken 13 31-32 to £1 20.43 13 15-16 Stockholm, kr. to £1 13.159 ■ 184 184 ISi 184 Copenhagen, kr. to £1 18.139 Oslo, kr. to £1 18.150 18i lSji Vienna, schgs. to £1 34.585 2S 29 Prague, kr. to £1 •• 1G4.25 U0J 113 Hclsingfora, marks to 03.25 . 1924 200 £1 Madrid, pesetas to 39 i 40 £1 24.22j Lisbon, escudos to £1 Athene, cinch to £1 4.50 S73 I08J 257 Ji 109 250 Bucharest, lei to £1 816.6 560 555 Rio de Janeiro, pence to milreis 4.988 42 *1 Buenos Ayres, pence to dol. 47.577 403 Montevideo, penco to 314 dol. 51 31i Bombay, pence to rupee 1C 18 3-32 18j Shanghai, penca to teal 24 i m 23| Hong Kong, penes to 175 17 15-16 dol 21 Yokohama- pence to yen 24.35 sr>2 S5