AN INTERESTING FILM.

Press, Volume LXIX, Issue 20907, 14 July 1933, Page 13

AN INTERESTING FILM.

CHOCOLATE MANUFACTURE THE BOURNVILLE FACTORY. "A packet of Cadburys chocolate, please.'' This phrase, or one similar to it, is used many times a clay by persons in all parts of the world. And in all cases the result is the same. The shop-assistant produces for inspection by the customer a v.ide variety of attractively labelled packets of excellent chocolate: or perhaps a box of chocolates, each with its different centre. Few of those who go away happily eating their, chocolate realise the tremendous amount oi caic and skill used in its manufacture. The whole process, as carried oui in Messrs Cadbury Brothers' at Bournville, England, is described m the film, "The Night watchman s Storv" which was shown m tne Theatre! Royal yesterday morning Those who attended, and the theatie was almost full, were present by the invitation of Messrs Cadbury, Frj, Hudson, Ltd. A story in which Donald. Calthrop takes the leading part has been worked into the film, which is thus made more interesting than the usual industrial film. As the old nightwatchman explains the different processes to the small boy he is talcing round the factory, close-up views of ihe machines in operation are shown, and the attention of the audience is never allov/ed to flag. The maniuactvre of cocoa and other foods proouced by this great company is also described Pure Air a Necessity. Many years ago, it is explained, the company decided that pure air was a necessity in the manufacture of chocolate, and for that reason, among ethers, a site at Bournville, in _ the heart of England, was chosen. However, it is not only the air that is clean and pure. The precautions taken to ensure that every ingredient and the machines and factory, arc scrupulously clean arc amazing. Every part of the factory is constantly washed and scrubbed, and every ingredient is periodically tested by chemists employed for the purpose. The care of the firm for its employees is apparent in the well-lighted and airy buildings, with their many windows and wide corridors. Then, of course, there is the model village for the workers, with its wide streets, trees, and park'j and gardens. The factory itself is surrounded by a beautiful garden, in which are swimming pools, football and cricket grounds, tennis courts, and other sports facilities for the use of the employee?. The factory does not rely on any casual source of supply for the vast quantities of milk that are required, Great herds of specially selected dairy oows roam the luxuriant pastures of the company's farm. The greatest attention is paid to the welfare of the cows, and their sheds and the milking apparatus are kept scrupulously clean. In the factory itself ingenious machines perform duties which could not be done so quickly or so well by human hands.

Vast Quantities. One oi the most astonishing thing? about the factory is the vast quantities which are mixed at one time. There is something fascinating in the sight of huge vats of chocolate, in the form of thick liquid, being constantly stirred and mixed by mechanicalsoperated beaters. If it is not to become plain chocolate an attendant tosses in the carefully measured nuts or raisins, and these slowly disappear and are distributed. Then the moulds, row after row of them, are passed under the vats, and at the critical moment the exact amount of liquid to fill each mould is released mechanically, and the chocolate is allowed to cool. Perhaps the most ingenious machine is that which wraps each coke of chocolate in its silver paper, and then puts on its outer covering of gaily-coloured paper. In another part of the factory the centres are manufactured, where many girls in white overalls and caps are at work. There is one department which does nothing but work out new reciDes for centres, so that plenty of variety is assured! Then, what the small boy was particularly anxious to know, "how the cream sets inside the chocolate'' is explained. FOREIGN EXCHANGES. .BRITISH OFFICIAL WIRELESS ItUGBV, July 12. I'ar. July 11. July 12. Paris, Jr. lo i'J 124.'J 1 8.1 13 16 85 3-32 J>c\v York, dol. to JC J. -1.860 4.7;! I 4.Mi Montreal, dol. to il 4.866 4.9(ii 4.93 Brinse-Is, belgnstoil 35 2-'i.S2i 23.56J Geneva, (t. to £1 25.22 15 17.1; ii JT. 1 Amsterdam, 11. to 1.1 12.107 8 22S 8.25 Milan, Jire to -'I 8.5-1 l>2 17-315 62 J 3-16 Berlin, reichmnrkcnio£l 20.43 13.90 i 13.92± Stockholm, Ur. toil J 3.1 59 19 2 | 9 Copenhagen. kr. to £1 18.159 22.10 i' 2.40 Oslo, kr. to -1 18.159 19.90 J 9.90 Vienna, schgn. to £1 34.585 3 0 30 (nom.) (oom.) Prague, kr. lo S1 1 04.25 J 1J « 112J Hol6ingfor6. marks to £1 193.28 226} 226j Madrid, peso- j las toil 25.2215 39 11-10 39 13-10' Lisbon, okciidos to £1 110 110 jlO Athens, drnch to .tl 375 SDO 555 Buchare.-st, lei to £1 815.6 5F.5 Belgrade, dinars 25.22)5 250 24 7 J Rio do Janeiro, pence to milreis .. 4.892 4 * • (o fri c i 1 i (nom.) Eunnos Aire;;, penco to dol. 45.577 42 42 (official! (onicial) Montevideo, pence to dol. 51 31 34 (num.) fnora.) Bombay, penct> to rupee 19 JSI-1G 3 8 1-16 shanghai, pence ♦o dol. ' 14 J 5-1 ti 15 J Hong Rons, pence to dol. | ni ir> 15-16 Yokohama, pence to yen 24.5rt 14; 14 15-10 AVarsav, par zlotys to £1 43.3fi -- Batavia. suilrier 12.J07 rt.2S 'Determined by price of stiver. DAIRY PRODUCE. LONDON QUOTATIONS. j Tiia New Zealand Loan and Mercantile Ar/enoj* Co., Ltd., have received the io!lo*vinf: messaga from their London office under date July 12:— Butter—77b to 78'. Cheese—White 49j, coloured 50s to 5.15. Market very slow. 7*116 South Island D.ury Association. Ltd.. has received the following market veport from the- Ne-.v Zealand Produce Association, Ltd., London: — Butter—76s to 78s per cwt; Danish 935. Cheese—"Whito 495, coloured 51a pet* cwt. Markets quiet. A. H. Turnb'jll ind Company, Ltd., have received the following message from their principals, W. Weddol and Company, Ltd., London, dated July 12:— Butter —Danish, 91s to 93a; New Zealand, finest, 76s to 78s; Kangaroo, 70s to 78a. Chcs*e —New Zealand, v.-hife lo 49?, coloured 51s. Butter and cheese marketi quiet.

CHRISTCHURCH STOCK EXCHANGE. i YESTERDAY'S TRANSACTIONS. Markets continued firm on call yesterday and there was a good volume of diversified business. Bank of New South Wales and Goldsbrough, Morts ■ showed appreciation. Transactions, exclusive of vestibule business were:— £2OO N.Z. Govt. 4 per cent. Ins., 1946. ' 200 Comm. Bank of Aust. (cum div.). 40 Comm. Bank of Sydney. 45 Bank of New South Wales. 55 Union Bank of Aust. (cum div.). 400 National Insurance. 200 Goldsbrough, Mort. 154 United Building Society. , £2OO P. and O. Deferred Stock. 600 N.Z. Refrig. (£1 paid). 1500 N.Z. Refrig. (10s paid). 100 Christchurch Gas. 200 Timaru Brewery (7s Gd paid). 100 British Tobacco. 100 Mount Lyell. 300 Bell-Kilgour. ' 500 Central Shotover (9d paid). 2500 Freshford. 300 Gillespie's Beach (9d paid). 2650 Lawson's Flat (Is paid). 100 Okarito. New Zealand Government 4 per cent, stock, due 1946 changed hands at £lOl, and there were further sellers at that price, buyers at £IOO 7s Cd. Commercial Bank of Australia shares cum dividend remained unaltered with sellers and business at 36s sd, buyers •at 16s 3d. Commercial Bank of Sydney had dealings at £l6 18s and £l6 18s Gd and these were buyers' and sellers' closing quotations respectively. Bank of New South Wales advanced to £32 ss. Union Bank of Australia cum dividend, changed hands at £9 0s 6d, and £9, market closing £8 19s buyers, £9 2s 6d sellers. Miscellaneous. National Insurance shares were firm at 10s 7d, sellers staying in at that figure, buyers at 16s 3d. Goldsbrough, Morts advanced to 28s 6d and 28s sd, sellers staying in at the lower price, buyers at 28s 3d. New Zealand Guarantee Corporation shares were firmer on buyers' offers 6s 3d. A parcel ol' j United Building Society shares was released at 17s 2d, and late offers of | 17s Id failed to attract sellers. P. and j O. Deferred Stock had business at 245, New Zealand Refrigerating were firm 1 with business in the fully paid at 16s j and in the partly paid at 6s 9d and , more were available at these prices. Christchurch Gas shares remained at 275. Buyers of Carlton Breweries raised their bids to 37s without attracting sellers. New Zealand Breweries were firmer on buyers' offers 34s sd, Timaru Brewery partly paid were steady at 4s 6d and more were wanted at that price, sellers at 4s 9d. British Tobaccos were fractionally weaker with sellers and business at 34s Id, buyers at 33s 9d. Buyers of Broken Hill Proprietary advanced their offers to 35s 3d. Electrolytic Zinc Ordinary were firmer on buyers' offers 22s !)d. Mount Lyells had business at 325. buyers staying in at that price, sellers at 22s 3d. i Bell-Kilgours (9d paid* were fractionally firmer at Is sd. closing quotations Is 4d buyers. Is 4Jd sellers. Central Shotovers remained unaltered at Is Id. Freshfords were easier with dealings and further sellers at lOd, buyers at 9d. Gillespie's Beach were firm at Is 6Jd, and more were wanted at that price, sellers at Is 7d. Lawson's Flat Is paid appeared easier with dealings at Is 2Jd. closing quotations }d on either side. Okaritos recovered to lis, market closing 10s lOd buyers, lis Id sellers. Unlisted Storks. Bell Hoopers had dealings at Is and I llAd. Mining House Concessions 3d j paid remained at s*d. Sun News- 1 papers had business at 3s 6d and there j were further buyers at thai price. ' sellers at 4s 6d. j LATEST QUOTATIONS. j I N.Z. Government Debentures. Buyers. Sellers. £ s. d. £ s. d. 3.', p.c. Ins., 1938-43 100 0 0 4~p.c. Ins., 1940 .. 101 0 0 4 p.c. Ins., 1946 . . 100 7 6 101 0 0 j 4 p.c.. Ins., 1949 .. 100 10 0 101 0 0| 4 p.c. Ins., 1955 .. 100 5 0 100 15 0 I 4 p.c., Bonds, 1940 101 2 6 I 4 p.c. Bond:-;, 1946. » 1949, and 1905 101 0 0 ; Other Debentures. Glaxo G'. p.c., 1945 70 0 0 ■ I N.Z. Kefrig., »'■ j p.c., 1935 .100 0 0 [ N.Z. Refrig., o'. p.c., 1935 . . 100 2 6 i Westport-Stockton Coal, 6i p.c., 1933 62 10 0 75 0 0 Booth, Macdonald, 61 p.c., 1937 . . 40 0 0 CO 0 0 Gisborno SheepI farmers, 6J p.c., j 1941 .. 75 0 0 Banks. Adelaide .. 5 0 0 Australasia 11 2 0 11 5 0 Com. of Aust. (cum. div.) .. 016 3 016 5 Com. of Aust. (pref. cum div.) 816 6 9 1 0 Comm. of Sydney 16 18 0 16 18 6 E., S.. and A. 5 0 6 5 2 6 Ilatl. of A'asia (£lO paid) .. 12 17 6 13 2 0 Natl, of paid) 6 5 0 6 6 0 Natl, of N.Z. (cum div.) 319 6 4 0 6 New South Wales 32 4 6 32 5 0 New Zealand 2 8 6 2 9 0 New Zealand ("D" Mort. shares) .. 110 3 110 5 Union of Aust. (cum div.) .. 819 0 9 2 6

Insurance. National 0 16 3 0 16 7 New Zealand (cum div.) .. 2 10 3 Loan and Agency. Dalgety and Co. .. 9 7 6 9 9 0 Goldsbrough, Mort 18 3 18 5 Natl. Mort. "A" N.Z. Guarantee Corporation 0 6 3 0 7 0 N.Z. Loan and Merc. (ord. stk.) 41 0 0 United Bldg. Soc. 0 17 1 Shipping. Huddart. Parker 19 0 1 11 0 Huddart, Parker (pref.) .. 10 6 P. and O.Def. Stk. 13 8 14 6 Frozen Meat. Canterbury 9 0 0 10 0 0 N.Z. Refrig. (£ I raaid) 0 15 10 0 16 0 N.Z. Refrig. (10s paid) 0 6 7 0 6 9 Woollens. Kaiapoi (pref.) .. 0 12 0 0 16 0 Mosgiel .. 0 8 fi Wellington ..500 Coal. Wcstport .. 0 12 9 0 13 3 Grey Valley 0 13 6 Gas. Christchurch .. 16 6 Christchurch ilos paid) 0 13 0 0 13 3 Gisborne 0 3 0 Breweries. Carlton 1 17 0 New Zealand (cum div.) 1 14 5 114 7 Timaru (7s 6d pd. > 0 4 6 0 4 9 Staples 16 0 17 0 Tooths 1 13 0 1 19 0 . Miscellaneous. Aust. Paper and Pulp .. 1 ll 3 Arnalg. Wireless 1 12 0 Amalg. Wireless (con.) 12 0 13 0 Australian Glass 2 7 0 2 7 6 Beath and Co. 15 9 18 0 Beath and Co. (Is paid) 0 4 6 0 5 2 Beath and Co. (pref.) .. 10 6 15 0

Buyers. Sellers. £ s. d. £ s. d. British Tobacco . . 113 9 114 1 British Tobacco (pref., cum div.) 15 6 16 9 Broken Hill Prop. 115 3 Burns, Philp 210 0 211 9 Colonial Sugar . . 56 10 0 57 10 0 D.1.C., (10s pd.) .. 0 11 3 D.I.C. (pref.) 10 0 Dunlop Rubber . . 018 0 018 2 Electro. Zinc (ord.) 12 9 13 0 Electro. Zinc (pre!.; 112 0 112 6 Henry Jones Co-op. Howard Smith . . 0 9 6 010 0 Kauri Timber 012 6 013 D Mount Lyell 12 0 12 3 N.Z. Paper Mills 16 0 17 0 N.Z. Newspapers 15 9 17 0 Northern Roll. Mill. 16 6 19 0 Victoria Nyanza Sugar 0 18 0 Whitcombe and Tombs 3 2 0 Wilson's Cement 1 13 0 1 13 9 Woolworths (N.Z.), pref. 116 0 1 19 0 Woolworths (Sydney). pief. £1 pd. new 14 6 15 6 Woolworths (Victoria*, pref. 14 9 15 3 Mining. Alexander (13s 6d paid) .. 018 0 10 9 Bell Kilgour (9d paid) .. 0 14 0 1 4j Big River .. 0 13 0 1 4£ Blackwater 15 9 16 0 Centra] Shotover (9d paid) 0 1 0J- 0 1 1 Consolidated 0 11 3 Cornish Point . 0 0 5£ 0 0 6 Freshford 0 0 9 0 010 Gillespie's Beach 0 1 6£ 0 1 7 Golden Dawn 0 2 0 022 Golconda (6d pd.) 0 011 0 12 Golden Point 0 0 li 0 0 2 Golden Sands (cum div.) .. 0 2 9 0 3 1 Mount David .. 0 19 Kildare 0 2 1 0 2 3 King Solomon . . 0 1 9* 0 1 11$ Lawson's Flat (Is paid) 0 12 0 13 Mahakipawa .. 0 0 2 0 0 3 Mahakipawa (pref.) 0 0 21 0 0 4i Nokomai 0 3 6 0 4 0 Okarito 010 10 0 111 Waihi 12 0 Waihi Grand Junction 0 3 5 0 3 7 Waitahu (4s 6d paid) 0 6 6 0 611 Sulphide Corpn. (pref.) .. 0 15 0 UNLISTED STOCKS. Ali transactions in stocks quoted in this section are subject to double rate of brokerage and are not quoted on the official list. Buyers. Sellers. £ s. d. £ s. d. Andersons. Ltd. (prof.) 010 0 018 0 Aotcaroa Gold Prospecting .. 0 22 0 2 5 Bell Hill .. 0 3 7 0 4 6 Bell Hooper .. 0 0 Hi 0 10 Brian Boru 012 fi 015 6 Charleston Sluic. 0 16 0 110 Industries, Ltd. * (12s 6d paid), debs. 0 4 6 0 9 6 Invest. Ex. Trust IB debs., ex. interest) .. 75 0 0 80 0 0 Kiwi Dairy ..018 100 Long Trail 0 2 0 Maerewhenua (6d paid) .0 0 3 0 0 5 Mining House Con. (3d paid) 0 0 5 0 0 6 National Tobacco 219 6 3 1 0 N.Z. Perpetual Forests 1 19 0 N.Z. Perpetual Forests, 1928 issue bonds .. 17 5 0 22 0 0 Smith, Wyllie .. 012 3 014 11 Snowy River 0 3 6 0 3 8 Sun Newspapers 0 3 6 0 4 6 Were's Investment Trust 0 4 7 Wetherstones. Ltd. (3s paid) 0 1 9 0 2 9 Woolworths (N.Zj (ord.) 4 0 0 Sales. 4200 Bell Hooper <3> .. 0 10 o o ni 500 Mining House Concessions (3d paid) 0 0 51 100 Sun Newspapers 0 3 6 YESTERDAY'S SALES. CHRISTCHURCH. Sales on 'Change. £ s. d. N.Z. Govt/., 4 p.c. Ins., 1946 ..101 0 0 Comm. Bank of Sydney .. 16 18 0 Bank of New South Wales 32 5 0 Union bank of Aust. (cum div.) .. .. 9 0 0 Goldsbrough, Mort 18 6 18 5 United Building Society 017 2 P. and O. Deferred Stock 14 0 N.Z. Refrig (10s pd.) (5) 0 6 9 Timaru Brewery (7s 6d pd.) 0 4 6 British Tobacco .. 1 14 1 Bell Kilgour (9d paid) 0 15 Central Shotover (9d pd.) 0 1 1 Freshford (3) 0 010 Gillespie's Beach (9d pd.) 0 1 6£ Lawson's Flat (Is pd.) (8) 0 1 2J Okarito 0 11 0

Sales Reported. Comm. Bank of Aust. (cum div. (2) 0 16 5 Bank of New South Wales (2) .. 32 S 0 # Comm. Bank of Sydney .. 16 18 6 Union Bank of Aust. (cum div.) • • 9 0 6 National Insurance .. 0 16 7 N.Z. Refrig. (£1 paid) .. 0 16 0 Christchurch Gas .. 17 0 Mount Lyell . • 12 0 AUCKLAND. Sales on 'Change. £ s. d. 4 p.c. stock, 1946 .. 100 15 0 4 p.c. stock, 1955 .. 100 7 6 Auckland Hospital Board, p.c., 1935 (2) 100 10 0 Wright, Stephenson (perpetual stock) .. 85 0 0 Comm. Bank of Australia .. 0 16 4 Union Bank .. 9 0 0 National Insurance 0 16 8 N.Z. Insurance 2 10 3 South British Insurance (2) 3 8 0 N.Z. Guarantee Corpn. 0 6 0 Auckland Gas .. (2) 13 5 Leyland O'Brien .. 0 17 0 N.Z. Breweries .. 1 14 3 1 14 4 Colonial Sugar .. 57 0 0 Farmers' Fertiliser 0 16 8 Wilson's Cement (2) 1 13 4 Central Shotover .. 0 1 lj 0 12 Cornish Point .. ..006 Golden Dawn .. .. 0 2 0 Waihi .. .. 12 4 Waihi Junction .. 0 3 6 1 Broken Hill Propty. .. 1 14 6 Mount Lyell .. 12 0 Unofficial. National Tobacco .. 3 0 0 DUNEDIN. Sales on 'Change. I £ s. d. Waitahu .. 0 6 9 Freshford .. .. 0 0 9 Bell Kilgour .. 0 1 4j Gillespie's Beach <2) 0 1 6i Donaghy's Rope .. .. 2 0 0 Sales Reported. Bank of New Zealand 2 8 6 Bank of New Zealand (long term D) .. 1 10 4J Bank of N.S.W. (2) 32 5 0 National Insurance .. 0 16 7 Union Bank (cum div.) 9 0 0 National Mortgage (B issue) 2 6 6 Wright, Stephenson (pref.) 0 14 0 N.Z. Refrig. (con.) (2) 0 6 9 N.Z. Breweries .. <2) 1 14 6 Mount Lyell .. .. 12 0 Mahakipawa .. 0 0 2 Golden. Point .. 0 0 1$ Bell Kilgour .. <3) 0 15 (2) 0 1 44 Unlisted. Bell Hooper (2) 0 10 Mining House Concessions (3d paid) .. .. 0 0 5j

WELLINGTON. Sales Reported. £ s. d. E.. S., and A. Bank 5 16 Union Bank .. '2) 9 0 0 Dalgety and Co. .. 9 7 6 Kauri Timber .. 0 13 0 National Bank of N.Z. 4 0 6 Bank of New Zealand ..•?,) 2 8 8 N.Z. Guarantee Corpn. <2) 0 6 0 Wilson's Cement .. l 13 6 Mount Lyell .. 12 0 Bell Gilgour .. .. 0 1 5i Unofficial. Bell Hooper . . 0 1 H Investment Executive Trust < B debentures) .. 85 0 0 SYDNEY. On the Sydney Stock Exchange yesterday banks were more active and pastoral shares firmer, but Commonwealth bonds were slightly weaker. Morning Sales. £. s. d. Commonwealth bonds — 4 per cent., 1938 .. 102 7 6 4 per cent., 1950 .. 105 2 6 4 per cent., 1955 .. 104 5 0 4 per cent., 1957 .. 104 10 0 Commercial Bank of Sydney 17 3 0 Bank of New South Wales 31 17 6 Australian Gas A ..746 Associated Newspapers .. 0 8 3 Australian Glass .. .. 2 8 0 Broken Hill Prop. .. 115 4£ Colonial Sugar .. .. 58 0 0 Goldsbrough, Mori. .. 18 9 Morris, Hedstrom .. .. 0 17 0 Winchcombe, Carson .. 17 3 Afternoon Sales. £ s. d. Bank of New South Wales 31 17 6 E„ S., and A. Bank 5 2 6 National Bank (£lO paidt 13 0 0 Union Bank 9 15 0 Queensland National Bank 5 5 0 Colonial Sugar 58 0 0 Associated Newspapers 0 8 4 Assoc'd Newspapers (pref.) 018 4J Australian Glass . . 2 8 0 Burns, Philp .. 2 110 Berlei (contrib.) .. 0 13 6 Berlei (paid) .. 17 0 Gordon and Gotch .. 1 14 3 Morris, Hedstrom .. 0 17 0 Goldsbrough, Mort .. 18 9 Dunlop Perdriau .. .. 0 18 6 Henry Jones .. .. 1 18 6 Electrolytic Zinc (pref.) .. 112 9 Winchcombe, Carson .. 17 6 Wilcox, Mofflin .. .. 0 7 9 Tooth's Breweries .. 119 3 Toohey's Breweries .. 13 10! Mount Lyell .. .. 1 2 Broken Hill Prop. .. 116 0"

MELBOURNE. £ s. d. Com. Bank of Aust'a (pref.) 9 2 0 Comm. Bank of Sydney .. 17 0 0 E„ S., and A. Bank 5 2 0 Herald and Weekly Times 2 5 0 Goldsbrough, Mort .. 18 9 British Tobacco .. lit 6 Electrolytic Zinc .. .. 13 3 Broken Hill Prop. .. 1 16 3 North Broken Hill .. 4 7 3 Mount Lyell .. .. 12 6 Taranaki Oil .. 0. 2 Z WAR LOAN STOCK. RUGBY, July 12. British 34 per cent. War Loan Stock is quoted as follows:—- £ s. d. July 12 .. .. 98 6 3 July 10 .. .. 98 5 0 July 7 .. .. 93 5 0 July 6 .. .. 98 11 3 July 4 .. .. 98 12 C July 3 .. .. 98 17 6 June 29 .. 98 13 9 DIVIDENDS DUE. Due. Komata Reefs —final. 3d a . share, free of tax ... July 14 New Zealand Crown Mines — IJd a share, free of tax .. July 15 Golden Sands—2nd monthly of 5 per cent. .. July 15 j National Mortgage—interim, 2£ per cent. .. July 15 National Bank of New Zealand—final, 4 per cent, per annum (tax free) .. July 15 N.Z. Breweries—final, 3i per cent. .. .. July 19 British Tobacco (Australia) quarterly, at rate of 6i per cent, per annum, less Federal property tax .. July 31 Auckland Gas Co.—interim. 2} per cent, on ordinary and contrib. shares .. Aug. 1 N.Z. Farmers' Fertiliser—. 5 per cent. .. Aug. 1 Commercial Bank of Austra-lia—half-yearly preference at the rate of 4 per cent, per annum, and ordinary at the rate of 5 per cent, per annum .. Aug. 10 BIG BUILDING PLANNED. (I'BKSS ItSOCIiTXOV TILEGIUH.) WELLINGTON, July 13. Plans have been prepared for the owners of Hallenstein Bros., Ltd., for a new building on a section with a 60ft frontage in Lambton Quay, near the Kelburn cable tram. The section has a depth of 100 feet. The structure will have two floors at first, but the foundations will provide for a sixstorey building. It is expected that when certain formalities have been completed the work will proceed.

LEAD RETURNS. LONDON, July 12. Lead returns, as at the end of June, compare as follows with those of earlier months:— Jan., Feb., June Tons. Tons. Tons. Imports .. 22,125 19,835 26,666 Australian .. 12,283 9.064 13,102 Exports .. 732 2,781 911

METALS MARKET. LONDON", July 12. Quotations: July 11. ,7u1y12. A ton. A ton. Copper— £ i». d. £ s. d, Standard. spot 37 17 6 38 11 10i Forward . . 38 J 3 38 15 74 Electrolytic . . 42 5 0 42 0 0 to ■Wire bars American electrolytic: 9 cents per lb. Lead— Spot . . J:: 6 13 11 3 Forward .. 13 12 6 13 16 3 Spelter— Spot „. 17 17 6 18 3 9 Forward .. 37 16 S 18 2 6 TinSpot ..21132 6 217 17 6 Forward .. 211 7 6 217 13 9 Silver— Standard, per ot. 17 5-16 d 13 7-lCd Fine, per oz. .. 193 d 19! d SHEEPSKIN SALE. Pyne, Gould, Guinness, Ltd.. held their weekly tkin sale yesterday. There was a good attendance and a brisk demand. Green skins showed an advance on the preceding woek and dry skins sold firmly. The following was the rangEr of prices:— d. d. Faulty pelts .. .. & Sound pelts .. .. 1 Faulty crossbred .. .. 2J to 4 Sound crossbred .. .. 3 to 51 Faulty half bred . . .. 21 to 8 J Sound halfbred .. 41 to 9 Faulty three-quarterbred .. 21 to 5J Sound three-quarterbred .. 3i to GJ Faulty hoggets .. 51 to 71 Sound hoggets .. .. 6$ to 7g Faulty lambs .. .. 41 to 5J Sound lambs 5 i to 61 Faulty merino . . . . 4 Sound merino 6i Green Skins—Hoggets Is 9d to Bs, sheep 2s te 9i.

STUDHOLME SALE. There was a good attendance of the public at Wednesday's Studholpie Junction stock talc, and nearly all lines of sheep and cattle offered were cleared at auction. Th» following. galas were ®ad«:~ > "» Fat Sheep—Fourteen fat ewes at 14s 2d, 10 at 9s 7d, 1 at 18s; 4 wethers at IS>», 3 at 15s 6d. *. • Fat Lambs —Five at 14s 9d. Store Sheep—Forty-five two-tooth wethers at lis to 13s od, 86 six and eight-tooth at lls'Od, 17 m.s. lambs at 8s Gd, ID 1 - ewe lambs at 14« Id, 43 wether- lambs at 10s, 116 at 7s 6d; 84 ewe hoggets at 7s-7d, 31 at 14s.

Cattle —Fat cows at £2 Is. £4, £3 10*, and £3 ss; fat steers at £B, £3 2b 6d, and £6 15s; fat heifer at £'s 15s; dairv cow* at £4 10s, £& ss. £5 7s sd, £«, £5 2s 6d, £2 17s 6d, and £4 7s 6d; springing heifer at £4, empty now at las.