FINANCE AND COMMERCE

Press, Volume LXXI, Issue 21512, 29 June 1935, Page 12

FINANCE AND COMMERCE

SHARE MARKET .1 j WEEKLY REVIEW During the last week the share mart continued firm and active and the mber of sales recorded was the high- : weekly total this month. Recorded alings were spread over a v/ide ige of stocks, the tone of the mart was good and prices generally ised firmer than a week ago. In the nking section. Commercial of Ausilia were heavily dealt in at higher ices. Brewery shares were active at vanced rates and frozen meat shares veloped strength at the close. Gold ning shares were more active. The following is a comparison of the ily recorded turnover on the local arket for the last fortnight:— This Last Week. Week. £ £ Saturday .. 2,331 2.608 Monday' .. 5,751 2.0f=8 Tuesday .. 4,666 2,531 Wednesday .. 5 001 6 344 Thursday .. 6 <*lß 4.175 Friday .. 5,030 5,735 £29,197 £23,499 The local turnover was made up as Mows:—Debentures £4710, banks 5677, pastoral £647, refrigerating 805. breweries £4908, gold mining 2261. The number of shares that changed Jndg in each section was—Banks 2517, lsunitifce 200, loan and agency 325, ozen meat 1388, gas 137, breweries J3O miscellaneous 6323. gold mining ),600. Government Loans The following transactions were reorded: — £ s. d. i p.c. Stock, 1938-52 .. 107 16 3 107 17 6 i p.c. Stock, 1938-43 .. 105 10 0 p.c. Ins., 1940 .. 103 15 0 104 0 0 104 10 0 t p.c. Ins., 1946 ~ 108 0 0 108 5 0 p.c. Ins., 1940 .. 108 10 0 ?> 0 \ k p.c. Ins., .. IU 10 0 | I \\\ Va 0 • p.c. Bonds .. 103 15 O * 104 0 0 I p.c. Bonds, .. ~ 108 00 I i p.c. Bond:;, .. .. 109 0 0 p.c. Bonds .. '■ HI 15 O ( lural Bonds, 1941 W 15 0 105 0 0 Amalgamated Brick (Auckland), 7> per cent, debentures, duo 1944, changed hands at £104; Auckland Harbour, 4.1 per cent., 1940, at £104; jisborne Sheep Farmers (jj per cent., 1941, at £lO2 5s and £lO2 10s; Mount iosizill Borough, 5J per cent., 1030, it £110; Auckland Transport Board, i per cent., 1945, at £105; Milne and debenture stock at 17s; and Jhnstchurch City, 4.1 per cent., due 943, at £lO5. Banks ' Australasias eased to £lO 17s 6d. Commercial of Australia were tracionally firmer at 15s fid to 15s lidhe preference, which reached £9 12s ill; last week, eased to £9lls6d. E., J., and A. were weaker at £5 Is to £5 Is 9cL National of Australasia £lO paid) were firm at £l2 16s 6d—he £5 paid relapsed to £6 4s. Najonal of New Zealand cum dividend femained unaltered at 70s. New South Wales changed hands at £3l. New Zealand advanced trom 50s 2d to 50s ki—the "D" Mortgage had dealings at 9d and 32s 6d. Reserve Banks were easier at £6 9s 6d to £6 9s. Union banks dropped to £8 16s and £8 17s. ■ Insurance and Loan and Agency "National Insurance were dealt in 20s 5d and 20s 6d; New Zealand Were firmer at prices ranging from 67s 6d to 68s 6d, and South British at 98s 6d to 995. Abraham and Williams had business at 555. Goldstrough, Mores, cum dividend, were fitm at 29s 5d and 29s 7d. Dalgety and Company relapsed to £8 2s 6d. Shipping, Frozen Meat, Woollens, '' Coa,l and Gas ' P. and O. deterred stock had business at 225. Gear Meat, ex dividend, ■were lirmer at 21s 3d, and Canterbury S% £9 12s 6d. New Zealand Refrigerating, fully paid, rose from 19s to 19s Bd, and the 10s paid from 8s lOd tib 9s 6d, and closed with local buyers tit 9s 7d. Southland ordinary firmed to 76s 6d. Bruce Woollens were steady lit 13s 6'd, Kaiapoi, 17s paid, were easier at 14s 9d. Taupiri Coal eased to 16s 6d. Westports moved up to 21s 3d. Auckland Gas recovered from 26s 6d to 27s 3d. Napier, £lO paid, had business at £lO 2s 6d, and the £5 paid at £5 Is 3d. Christchurch were firm at 36s 6d. Breweries ' Prices fluctuated a good deai especially in New Zealand and Tooths. Carlton were firmer at 49s and 48s 9d. Dominion eased to 14s 6d and 14s 9d. Dunedin were stronger at 30s. New Zealand, cum dividend, on an active market rose from 52s 3d to 54s 6d, then ajid bs.ck to 53s 9d and closed at 543 (last week 52s 4d to 52s 3d). Timaru, 7s 0d paid, advanced from 8s 5. to 8s Bdr , Tcoths rose sharply from 54s 3d to 565, but later declined to 545, 54s Id, and 54s 3d (last week's range was S2s 6d to 53s 9d.) Tui had business at 42s 6d. Miscellaneous . ( "The following transactions were reforded: — FIRM— Associated Newspapers, 23s 6d. Claude Neon (Sydney), 495. J Consolidated Brick, 9s 3d. P.I.C. (pref.), 25s Gd, 255. . Dominion Rubber, 28s 3d. ~ Manawatu Knitting, 375. Peters Ice Cream (N.Z.), 265. N.Z. Newspapers, 38s 9d to 38s lid. Sun Newspapers, 8s to 8s 4d. ■ Union Oil, Soap and Candle, 30s. Sanford, Ltd., 2s 3d. VPAnthony Hordern, 18s 6d to 18s 9d. ' Aust. Iron and Steel (pref.), 22s lid. British Tobacco. 38s lid, 395. ; Dominion Fertiliser, 225. Henry Jones, 37s 9d. Milburn Lime, 455. , Morris, Hedstrom, 21s lOd. 225. . N.Z Drugs, 8 Is, 84s 3d. , N.Z. Farmers' Co-op. 4J per cent. Stock, 1940, £B3 10s to £B3. .Rotoiti Timber, 4s 10id. Woolworths (N.Z.) (ord.), £l2 2s 6d to £l2 12s 6d. " Woolworths (N.Z.) (pref.), 40s, 40s 6d. Wilson's Cement, 39; 6d. EASIERBeath and Company, 28s 6d. ■ Broken Hill Propty., 59s to 58s 6d. Dunlop Rubber, 16s 6d to 16s Id. Farmers' Trading (cum div.), 7s 2d; (ex div.), 6s Bd. Howard Smith, 14s 6d. G. J. Coles. 68s. Gold Mining The local turnover of 19,600 shares made up as follows: — (las paid) SO, Bendigo Goldlights 1300, Big River 2200, Gillespie's Beach Buo. Golden Point 1000. Golden Sands 000, Goldfields Drcdg--800, King Solomon 1800, Lawson's lat 1000, Mahakipawa 230u, Maori Gully 8280, Mossy Critk 600, Mount lyell 300, Moitoi Moffgaii, 350, Bawang 9in 80. Skippers 4007 Worksop ExISndddUOO. | TAUrxander, 15s paid, eased to 14s 2d lis 9*41 |;i|U Soloman to 4» to 3s 10d; LawMmSf ftot to 4d; Mahakipawa to 7d llsthl to 90s 84

Big River showed little variation at 2s 2d to 2s 3id; Golden Dawn were firm at 2s 3d; Golden Sands at 2s (>d, Golden Point at Id; Maori Gully at Is 2\d to Is 44d; Mount Lyell moved between 18a lid and 18s 9d; Grand Junction were firm at 4s Id and 4s, and Skippers at 2ld: Komata Reefs had business at 5s 6d and 5s Bendigo Goldlights were dealt in at IOJd, ll 2 d. moved uo to Is 10d; Mossy Creek to 2s 6d; Mount Morgan cum dividend, from 38s 6d to 36s lid; Placer Development to £3O 12s 6d; Rawang Tin to 7s 4d; Talisman Dubbo to lis 3d: Worksop Extended to 2s t>d, 2s tia, and 2s 7d. YESTERDAY'S TRANSACTIONS There was a good volume of diversified business on call yesterday, and prices of several stocks showed recovery. The outstanding feature was the sharp advance in New Zealand Refrigerating. Transactions, exclusive of vestibule business, were: — Sales on 'Change £SOO Christchurch City, 4J p.c., 31/3/43 .. 105 0 0 250 Com. Bank of Aust. 015 7 0 15 8

100 Natl. Bank of N.Z. icum d'v.) «. JlO 0 110 Bank of N.Z. 2 10 o 25 Dalcety and Co. .. 8 & u 500 N.Z. Refrig. (£1 pd.) 019 7 100 N.Z. Refrig. (10s pd.) 0 9® 137 Ch.Ch. Gas (odd lot) 116 b 100 N.Z. Breweries (cum div.) • • 214 U 50 Tooth's Brewery .. 214 3 300 Anthony Hordern .. 018 J £IOO N.Z. Farmers' Co-op. 4h p.c. stock, 1940) 8j 0 0 700 Sun Newspapers .. 08 3 (4) 0 8 4 500 Bendigo Goldlights .. 0 0 10) 500 Big River •• 0 f 400 Gillespie's Beach 0 1 bi 300 King Solomon .. 0 «1| 1000 Mahakipawa .. 0 « 400 Skippers -■ 0 0-1 50 Mount Morgan (cum div.) • • 1 16 9

S;ilc3 Reported j 50 Mount Morgan (cum c'iv.) .. 1 9 1500 Maori Gully .. 0 13 200 King Solomon .. 0 3 111 i 2.00' M.Z. Newspapers .. IIS 10 £201) N.Z. Farmers' Co-op. (4\ pc. stock, 1010) .. S3 O 0 (late sales June 27) P3 50 I T5 Bank of N.Z. (late sale i June 27) .. 210 0 40 Natl. Bank of N.Z. (cum div.) .. 3 10 0 100 Com. Bank of Aust. . „ 015 9 UNLISTED STOCKS Sales on 'Change £ s*. d. 50 Prccera Bread (10s | pd.) • ■ 2 0 0 1 25 Woolworths (Syd.), ord. .. 4 13 0 Sale Reported 500 Argo Gold (2) 0 1 4 Bank Shares Christchurch City Council 41 per cent, debentures due 31/3/1943 changed hands at £lO5. Commercial Bank of Australia were firm with dealings at 15s 7d to 13s 9d. j National Bank of New Zealand cum dividend remains .1 unaltered at 70s. I A late sale of Bank of New Zealanrl, on June 27 was reported at 50s 6d ar.d there were further buyers and business at that price yesterday. ' Industrials Dalgety and Company relapsed to £8 2s 6 \ market closing 2s 6d either way. New Zealand Refrigerating fully paid rose sharply to 19s 7d and 19s Bd, buyers staying in at the higher prire, sellers at 19s 9d —the 10s paid rose to 9s 6d, and closed with buyers at 9s 7d. An odd parcel of Christchurch Gas changed hands at 36s 6d New Zealand Breweries cum dividend were firmer, with buyers and business at 545. Tooth's Brewery shares moved up to 54s 3d, and more were wanted at that price. Anthony Hcrderns were steady at 18s 9d, closing quotations Id on either side. Late sales of New Zealand Farmers' Co-operative 4} per cent, stock due 1910 on June 27 were reported at £8.3 and £B3 ss, and business yesterday was at £B3. New Zealand Newspapers were firm at 38s lOd, market closing Id either way. Sun Newspapers were fractionally firmer with dealings at 8s 3d and 8s 4d, and further buyers at the higher price. Mining Bendigo Goldlights were a shade stronger, with ciealings at IOJd and lid. Big Rivers were firm, with sellers and business at 2s 3Jd, buyers at 2s 2}d. Gillespie's Beach were a shade easier, with sellers and business at Is s}d, buyers at Is 45d. King Solomon had dealings at 3s lOd and 3; lid market closing 3s lOd buyers, 4s sellers. Mahakipawas were steady, with sellers and business at Od. Maori Gully were a shade easier with sellers and business at Is 3d. Moun! Morgans were fractionally weaker, with buyers and dealings at 36s 9d Skippers had business at 2.5 d, and there were further buyers at that figure, sellers at 2Jd. Unlisted Stocks Argo Gold Dredging changed hands at Is 4d. Procera Bread 10s paid dropoed to 40s, and more v/ere offered at thai price, buyers at 38s. Wool worths (Sy.ney) ordinary were firm with sellers and business at 935.

AUCKLAND [THE PBESS Special SorTice.] AUCKLAND, June 28. There was a full range of dealing on the Auckland Stock Exchange this week, although the turnover was not as heavy as in the previous week. Late levels were maintained for most issues, and for the most part only minor fluctuations in values occurred. A feature of the week was the strong demand for South British Insurance, which again reached a record sale price, 995. Speaking generally, industrials did not receive as much a'tention as previously. This was due probably to quietening in Australian issues, which, however, were fairly firmly held. Investors shov/ed interest in the accounts of the National Bank of New Zealand and New Zealand Breweries, which were issued during the week. The National Bank profits were a shade lower than in the previous year; but offers are still above the level of recent weeks, with few supplies in sight. However, the accounts indicate at least that the banking business still lacks the buoyancy necessary for increase 1 earnings. The issue of New Zealand Breweries accounts had no marked effect oi values, and it is probable that the market is waiting for the annual meeling to obtain a clearer idea of the company's progress. There has been a stealy rise in prices for Bank of New A week or so ago parcels were secured ex dividend at 49s lOd; but tiff closing price this week was 50s sd. ?nly 5d below the cum dividend valu*. Commercials also firmed, sales being made 3d higher at 15s 8d; but this issii did not share in | the rec-en* strengthening In the banks market. Enquiry was somewhat easier for most other banks. In trading at 995. South British Insurance gained 2s 0d wUlip two weeks. Support for New Zealand insurance was not as strong; but tere waa a net gain ol 6d over thefveek.

In the mining market, Waihis were again weaker, and there was only one transfer 6d lower at ;jGs 6d. V/aihi Junctions were placed again at 4s, with ex dividend business following at 3s B]d. Advice given by Mount Morgan of higher dividend prospects resulted in a moderate rise for these shares.

DUNEDIN [THE PKESS Special Service.] DUNEDIN, June 28. The volume of business transacted on the Stock.Exchange during the last week was practically on a par with that recorded during the previous period, sales being lau'ly evenly spread throughout the various sections of the list. „ , _ Several sales of Bank of New Zealands at £2 10s 3d were recorded, the market showing a firming tendency at the close, with buyers ofiering £2 10s 3d and sellers asking £2 10s 9d. Long D issue was enquired for at £i 12s, but sellers were not interested. Commercial tanks were dealt in ai 15s 9d, the linal buying and selling quotations being 15s Od and lus respectively English, Scottish, and Australian Banks were on oiler at £5 2s. but buyers would not. give more than £5. National Lank of New Zealands were in demand at 9s, cum dividend, but sellers aid not come forward. There was .little change in the market for Reserve Banks, sellers asking £6 9s Od, while buyers remained unchanged at £G 8s G'd. Business at £G 9.; was recorded Union Banks were enquired for at £J 15s, cum dividend, but sellers would not do business under £9 2s. Two sales of National Insurances at £1 0s Od were recorded, the closing seller at £1 0s 9d failing to attract buyers. Business in New Zealand insurances at £3 7:> Gd was also reported the most recent selling quotation Oi £3 8s 3d being unanswered. South British Insurances were a.so dealt in at £4 18s (id, no quotations being received for these shares during little change in the market for various shipping shares, 1. and O. deferred stocks were enquired for at £1 Is, 6d better than last weeks buvinf offer, but sellers were not interested. Buyers of Union Steam.preference* shares offered £<l . compared with £1 7.-; last wee.v, but no sellers responded.

Kei'riseratiii? Shares ; There was a better demand foi contributing New Zealand RcfriKeratm«s. buyers offering 9s 4d which was id better than last weeK's values. Setlei* 1 refused to do business under 9s. id. Southland Frozen Meat urdnuny j sY\7\yc?> <\vs>poscc\ ot at i-o 160 6u, t \\he cloaam buyer a\. W Vs* \ un&uppVwOL SouVh OUv,y> fe re<r.'.mn* / were enquired for at £0 i<■>■'> bui i sellers were reticent. DaJL'ety and Company shares were i on Oftcr at £8 5s at the end of (he I week but buyers did not come upward'.' Golclsbvough. Morts were an,o, ottered for sale at £A 5K clivulemU I buyers showing no interest. National Mortgages were altered at the slightly , easier figure of £2 liis, cum dividend, buyers remainins', at £*. u>~.

Miscellaneous Westport Coals were in demand at the firmer price of 511 Is '.id, as compared with last week's oiler o> j-1 Os 9d but sellers did not come forward.' A sale at £ I Is 3d was reC °Two parcels of ordinary Bruce Woollens were disposed o£ at l»ta (jd, the closing seller at 14s attracting no response from buyers. Associated News shares were dealt in at .~1 Cd, the market clot'in;; with a seller at £1 3s 3d, and no buyers lorward. British Tobaccos were offered for sale at £1 19s. cum div dend, but buyers were not interested. _ Broken HiU Proprietaries charged hands at £2 18s 9d. the closing seller at £2 19s failing to attract buyers DIC preference shares were disposed of at £1 ss, sellers' closing quotation of £1 5s Cd being unanswered. Several parcels of Dominion lertiliseis were dealt mat 1 2s. the mat hot showing a slight firming tendency at the close, with a buyer at the same figure. Dominion Rubbers were enquired for at £1 Vs Cd, but seders were not interested. A sale at £1 j 3d was recorded earlier in the week. Milburn Limes were in demand at £- 4s 9d, or 9d better than last weeK s offer, but sellers did ' not come forward. New Zealand Drugs also met with a stronger demand, buyers' closing offer of £4 4s being 2s above last week's price. The market for Sun Newspapers advanced front Cs to_os 2d, sellers' closing requirement being 8s 6d. New Zealand Breweries were enquired for at £2 13s cum dividend, bu! tellers would not do business under £2 14s 3d. Two parcels eaangeo hands earlier in the week at £2 14s od Dun-din Breweries; were dealt in at ■PI 10s a closing buyer at LI 9s .id being unsupplied. Timaru Breweries were also the subject of business at 8:; 5d the closing buying and selling quotations bein£ Co 2d and Cd icspectively. . Mining

There was a better demand for Mount Lyells, buyers offering 18s 8d as compared with last week's figure o 183 3d. Sellers, however, required 19s Mount Morgans were dealt in at £1 16s Gd and £1 10s Kiel, the final buying and selling quotations being £1 10s (id and £1 17s respectively, an advance of Gd on last week's buying offer. Bendigo Goldlights continued to show some activity, several parcels changing hands at llid and lid. The market closed with buying and selling ciuotations at IOJd and 11 id respectively. Biff Rivers showed a slk'ht improvement, buyers' closing offer being 2s 3d, which is 3d below sellers' requirements. Business at 2s 2d was recorded. Kim; Solomons changed hands at 3s lOd, buyers' final offer of 3s fid being 3d under sellers' ideas of values. Okaritos were offered for sale at 5s 9d, but_ buyers would not give more than 5s Gd. There was a steady demand for Government loans, but sellers did not evince much interest. Two sales of 4 per cent, stock, 194G issue, at £IOB ss, and one sale of 4 per cent, stocks, 1949 issue, at £101! 10s, were reported.

PORT OF GREYMOUTH EXPORTS FOR I'EKIOD OF FOUR WEEKS The following return of exports for the Port of Greyrnouth, for the weekly period ended June 22, gives details of the amounts of coal supplied by district coal mines, with the figures for the same period last .year _ given in parenthesis:—State mines 3235 tons (3028 tons), Blackball 1105 (105G), Raoahoe 2255 (1905), Papnroa 304 (327) Castle Point - (337), Wallsend 11G9 (?967). Dobson 851 (743). Briandale 509 (682). other mines 1357 (2419). The export of timber for the period was 2,895.197 super, feet, compared with 1,183,547 super, feet for 1934. BRADFORD TOPS TRADE LONDON, June 27. There is considerable new business at Bradford in merino and fine crossbred tops. Quotations arc:— June 27. June 20. Last year.

PROPERTY SALES Messrs Ford and Hadfield, Ltd., report having sold on account of Mr Walker, his new four-room bungalow together with \ acre of land, in Ottawa street, to Mrs Downey. —8

OTHER QUOTATIONS N.'Z. Government Debentures JJuycra. Srdlorn t H d £ s d-

VALUES ON STOCK EXCHANGE.

CHRISTCHURCH RATES, JUNE 28, 1935

FORMER LEVELS COMPARED

Wh.ro no a ..„r0x,„ 18 ,e „rio is rfvcn return to vorhad on aM-n*rk*t unless onij on? quuU) w

UNLISTED STOCKS All trail factions m tito-kn quoted Ui thiß ! portion aro oubjoct to a (iifH-n-nt r»to o t>roki*raK«! from lifted flocks and art- noj . quoted on t ha oHiciul hut: Buyerr.. Sullc-r:" 1 . .t B. (l. ~ &. <• Ar.a.>r.«»i.«, Lt.l. (pre:.) 0 18 0 I o o iVBm) I OtOi'iol B Ar"<> C old .. - "I «1 « 1 4 bri trbureh I CcuM , SomervilJn, and , Wilkic . •• - 0 1° 0 FAS!. 1 Mulua' Insui-. (prof.') .. ■■ 0 1 0 0 19 0 I'.A.M.' - '. Mu-tusil Insnr. ( _ (old., l"i pni'l' •• ~ „ .M'VI!) ~00. 0"o» fio'd lif'd Syn. iJJIO paid) .. r " J. Xjitionu» Tobacco •• 3 G 0 N.Z. Hry Col) and Battf:ry jirr.f.) . ■■ J f ' " Tn.Z. Mining ■ mostmerit. u i u S./. IVrprt ai I-otslh 2 0 0 N.a. l'"i pctiiiil l-'oriota ilii paid) •• 0 B 0 Xm CJd pnid) 0 0 »- IV. ra 1!" V (- (15-.1 paid) - - <> '■> '> rjocora Broad IC» • ai*l» 1 W 0 - 11 0 • I io (-in read venders' Glial c:-.) .. •• 1 n f> 2 V 0 K I ' ' td. (pref.) .. <> " « Sn.illi. Wylin .. •• 0 2 0 0 8 0 I.'ivcr .. 0 " 0 0 - I'jjxr Wiitut (.'ln paid) 0 .1 0 0 5 I! TcmuUn ('lour •• Wliilo's KI-c. (7M paid) 0 0 5 \V< ntlu nd Bre-rri< a ■■ 0 8 f! Woo'v/oiUi3 (Syd.), ord. ■! 12 10 ■! 13 J AUCKLAND Sales on 'Change £ r. d. 3.'; p c Stock, 1939-43 .. 105 10 0 3?- p.c. Slock, 1941 . . 102 10 0 Auckland Harbour Board, ■}} per cent., 1949 .. 107 0 0 Gisborne Eheepfarmers, C£ per cent., 1941 .. 102 5 0 Com. Dank of Aust. .. 0 IT) 0 Bank of N.Z. f .2) 2 10 4 2 10 5 National Ins. .. . • 1 11 1 South British • • 4 1!) 0 Farmers' Co-op. Auct. (£5 paid) .. •• 3 17 0 P. and O. Del. Stock .. 12 0 Ley land O'Brien .. 110 Claude Neon (Syd.) .. 2 9 0 G. J Coles .. • • 3 8 i) Henry Jones .. -• 1 17 3 K.D.V. Boxes (10s paid) .. 0 11 G Morris Hedstrom (3) 12 0 N.Z. Newspapers .. 1 IB 9 Sanford, Ltd. .. . • 0 2 3 Maori Gully .. .. 0 1" Komata Reels .. .. 0 5 3 Mataki .. •• 0 I • Mount Lyell .. .. 0 13 10 Waihi Junction .. .. 0 3 S! Unlisted Stock Woolworths (Syd.) .. 4 13 3 WELLINGTON Sales on 'Change 1 £ s. cb ' Ins. Stock. 3J p.c., 1938-52 107 17 G Ins. Stock, 4 p.c., 1940 (late Thursday) .. 104 0 0 104 10 0 Bank of A/asia (2) 10 17 C Auckland Gas (late Thurs.) 17 3 South British Insurance (late Thursday) (2) 4 19 0 Rotoiti Timber .. 0 4 10A Rotoiti Timber (prof.) .. 0 12 G Timnru Brewery (cont.) (late Thursday) .. 0 8 7 ' Broken Hill Ply. .. 2 18 6 Dunlop Perdriau (2) 0 16 1 Wilson's Cement (late i Thursday) (2) 1 19 G j Skippers, Ltd. .. .. 0 0 2] 1 Unlisted Stocks Woolworths (late Thurs.) 4 13 3 . 4 13 6 j Procera Bread (ord.) .. 2 0 0 i DUNEDIN ! Sales on 'Change & g. d. Reserve Bank .. 6 9 0 j Bendigo Goldlights .. 0 0 11 ■ Sale Reported Dominion Rubber -. 18 3 j Unlisted Stock I Anthony Hordern (late Thurs.) .. 0 IS 9 i

SYDNEY On the Sydney Stock Exchange yesterday chief interest centred on good class industrial shares, the values of which were firm. Commercial Banking Company of Sydney advanced to the best price recorded for a long

MELBOURNE £ s. d. Com. Bank of Sydney .. 17 12 0 National Bank (£5 pd.) .. 6 5 G Corn. Bank of Aust. .. 0 16 1 British Tobacco .. 1 19 3 G. J. Coles .. 3 8 0 FOREIGN EXCHANGES (lUllTlfilt OFFICIAL WIEKI.nfJS.) KUGIiY, Juno 27. Par. June 2G. June 27.

FOREIGN EXCHANGE RATES Tlifl Hun]: of Smith Wales. Christ '•hurrb, <| ti fit < % d tin* following rates as rul in;: ysit-rdny l t f: purchase find twil^f of The* ratua arc Eiubjurt hi nltcr;ili"ft without notice:— iluyinp, Selling.

DOLLAR RATES The Associated Banlto (other than the Bank of Now South Wales) quoted the fol lowing dollar rates yesterday on a New Zen land currenr: basis. They are subject to alteration without notice:— U.S.A. Canada. Per £1 N.Z. Do!. Do], Selling— T.T. H.9Gh 3. O.D. 3.9GS 3.961 Buying— O.D. 4.011 4.01J PRICE OF GOLD [UKITED PRESS ASSOCIATION—BV ELECTR2C TELEGBAPH —COPYRIGHT J LONDON, June 27. Gold fa fine ounce) is quoted:—

BANK OF ENGLAND RETURN (UNITED fBBSB ASSOCIATION—B* ELBCTEIO TELEGEAI'H —COPTBIOBT.) LONDON, June 27. The following is Ibe Bank of England return for the week ending June 27: IS„UE DKPARTMENT £ i< Notes ipsucd- Govt debt 11,015,100 In cir<ula- Other Govt tion .. 396,859,702 secu i ics £46, 30,111 In bank- Oth'r sc.cuing dept 55,856,639 rities .. 260,666 Silver coin 1,731,083 Fiduciary issue 260.000,000 f!o'd eoin & bullion 192,716,341 Total 452,716,341 Total 452,716,341 BANKING DEPARTMENT £ £ Proprietors' fiovt seencapital tJ.F-3.n~0 rities 96,186,0^11 Tl;o IOBt . 3,407,353 OMiei bpcuPi'hiic do- rities--posita » IG, 63,416 Discounts oilier do- and nd"ofits— vanes 10,165.226 Bankers' 102,300 761 Securities 12,125,655 C tl>er acs. 38,755,14S Notes .. 55 c *-56 39 Seve.ndav Gold atjH and other silver coin 606,113 bills .. Total 175,?3y.e 3 0 Total 176,239 Proport on of oserve < " 'ahi ities, 35.50 per cent.; short-dated bills J per cent.; ihrne months' bills, 33-16 cent. GOVERNMENT SECURITIES (tmiTED rIIESS ASSOCIATION —BT PLICTEIC TELEORAPH—COPTUIOIIT.)

BODY CORPORATE ON JULY 1 NEW ZEALAND MORTGAGE CORPORATION U'aSS3 iStIOCUTIO* TELEGRAM.) WELLINGTON. June 28. In this week's Gazette, the ActingMinister for Finance (the Hon. Adam Hamilton) gives public notice of the r act that the full amount of capital of the Mortgage Corporation of New Zealand has been subscribed, and fixes •Juiy 1 next as the date on .which the ;hareholders oi the corporation shall oecome a body corporate. On an enquiry being made whether itiis meant that the Mortgage Corporation would be in a position to commence business on July 1, the chairman of directors (Sir William Hunt) said that a certain time must necessarily elapse before the corporation couid begin lending. A great amount ol preliminary work and organisation still requires to be aone, including arrangements for the transier to the corporation of the present State advances and mortgages, before the corporation is ready to deal with applications tor loans, and the preliminary work and organisation cannot be completed by July 1. Sir William said that due notice would be given of the date when the corporation was ready to commence actual lending operations. COMPANIES REGISTERED Tlio current issue of tlie "Mercantile Gnzetto" notifies ttie registration of the following new companies:— tSphvyn Produce and Firewood Company. Ltd. Registered ns a private company June 17. (,'fiico, 402 Moorhouse avenue, Climt church. Capital: £SOO into 500 shares of £1 each. Subscribers—Christchurch: W Sanders .100, p. W. Borrell 100. S. Candy 100. Objects: Timber und coaj merchants, sav, millers, general carriers, produce and grain merchants, etc. Martian Tobacco Company, Ltd. Regis tered ns a private company June 18. Office, 183 Manchest r street, Christchu-ch. Capital, £2OOO into 2000 shares of £1 each. Subscribers—Christchurch: R. G. Mardon 1700. M. L. Mardon 100, G. K. Ower 100, L. U. Ower 100. Objects: Merchants, manufacturers, and dealers in tobacco and smokers' "equisites. Mantles, Ltd. Registered as a private com pany June 19. Office, 9(> Lichfield Btrect, Christchurch. Capital: £SOO into 500 shares of fl each. Subscribers—Christchurch : O. V. Glasson 150, J. H. Glasson 150, A. D. M Thomas .SO. R. W. Gray 150. Objects: Whole i.ale and retail drapers, outfitters, and warehousemen in all branches. New Zealand Latches, Ltd. Registered as a private company June 21. Office, 687 A Co lonibo Btrect, Christchurch. Capital: £2500 into 2500 share* of £1 each. Subscribers— Miristchurch: E. A. Summers 500, R. H. Hamilton 675, R. Johnstone 400, D. A. Howies 400. L. U. Loveday 400, C. A Stringer 125. Objects. To purchase and acquire letters patent, brevets d'invention concessions, licenses, inventions, rights and privileges, or any part interest in euch. and to sell, let, or grant Bame.

MINING

GOLD FIELDS RETURN VTIXT.SS kbsociktvotsi >i DUNEDIN, June 2E, The Goldfields Dredging Company's return for 247 hours' dredging was Boz 12dwt. KING SOLOMON RETURN | ' i (rRESS ASSOCIATION rELEQBAM.\ INVERCARGILL, June 2a The wash-up at King Solomon minft this week amounted to 58oz 15dwt. MAHAKIPAWA REPORT The report for the period ending June 23 states: No. 2 blocking strip south was advanced to 15 feet. Yesterday there was only one foot of wash showing on the top left half of the face, but the last round has brought the wash down a further 2ft Gin. There is now a lairly well defined gutter about four feet wide showing in the face and the indications are that this may go down still further. Th-? co-ordinates of this face are now 1482 south x 155 west. A blocking strip was started from the north strip and beaten out in an easterly direction alongside the previous blocking strip frcm the west side of Lhe south crosscut. After going fivs feet this hit the eastern wall, showing that the gutter is 13 feet wide at this point. This was in good grada wash, but the yardage from the face was small. A blocking strip on east side of south crosscut was beaten out tor six feet, then stopped when tho bottom rose to four' feet frcm the floor. The south crosscut was continued to 20 feet in hard bottom, 4ft 6in above the floor. Co-crdinates of face 1490 south x 138 west.

CENTRAL SHOTOVER GOLD CO. The Centra] Shotover Gold Mining Company, Ltd., in its report, for the year ended March 31, shows a loss of £1024. The report states that sluicing operations were started on June 28. 1934, a considerable area of bottom wash being uncovered. The first paddock, which had been previously worked by early miners, was completed on July 30, and yielded 20oz 7dwt. Following two heavy floods the elevator was buried and could not be recovered at the time, necessitating the purchase of a new one. The second paddcck completed on October 3 returned only Boz 14dwt, as the area had also been previously worked. The third ■ paddeck. -finished on November 3, yielded 28oz 9dwt. The fourth paddock, completed on November 9 returned 10oz sdwt. The fifth paddock save 240z sdwt. A start was made on the sixth paddock, but on March 23 a flood washed away the protection wall and buried a substantial portion of the plant, with the result that sluicing operations had to be stopped. A. substantial part of the plant had been recovered, but the elevator is still buried.. The profit and loss account shows that the loss in running the claim amounted to £1224, from which is to be deducted the profit of £2OO made by the disposal of the pipe line leav~ mg a net loss of £1024. This has absorbed practically all the company's working capita], and, .with the loss of the claim plant, has rendered it impossible for the claim to be reopened. Ihe directors have completed negolalions with Mr J. Stephens, who has taken the claim on a 30 per cent, tria U Start aS wi'th an th h ° alread >' made a start with the necessary work prehminary to salvaging the plant. . -,Tf! e balance-sheet is as follows: Liators l : no Pltal,£11,000: sundr y credj- < . wagcs and directors' fees outstanding £B7, total £11,C99. Assets: Plant, pipe line, tools £4687, minin" property £3900. cash at bank £l3l owing b y Arthur's Point Sluicing Company. Ltd., £6OO, share* in fat p", £Knn Slmci r g , Ccm P an y. Ltd. £7ft? nrnfi i Preliminary expenses fc All, profit and loss £174.

the metals market

HALF 'A CENTURY OF BUSINESS 11. MATSON AND CO. CITY'S FIRST BRICK BUILDING Since the very earliest day;-; of the farming industry in Canterbury there has been a firm of H. Matron find Co. in Christchurch intimately connected 'with all it.s Rood times and all its bad times. The first 11. Matson and Co. was organised in out of the ashes of the earlier firm of Matson and Torlesse. The firm built the first brick building in Christchurch, an imposing double storey structure which stood where the Plaza Theatre now stands, and was doubtless at the time regarded i ©s a quite amazing indication of the progress of the colony. j Matson and Company organised the first wool sale ever held locally. It was conducted in a metal shed imported in sections from England specially for the purpose. The store stood in Lichfield street, and the j catalogue consisted of 64 ba'es of | wool and a few odd bags. Matson ! and Company took some pride in | announcing that out of the total catalogue of 64 bales, they had been entrusted with 50.

The original Henry Matson, grandfather of Mr Leicester Matson, had & rather celourfui career. He left

Fr. gland in .1835 as ciiief officer of the convict ship H.'M.S. George 111., v/li:ch was tailing , a cargo of convicts to Tasmania, The fhip, so th:,' tradition runs, wa:; v,-recked, b'.'t her chief officer bourne harbourmaster at Georgetown. stayed in the pcs»ifon till lo'3o. when he moved to Me'bourne, and subssauenfcly arrived in Lyttelton in 1862, where he entered partnership •with Mr Torlesse.

Ostriches and Llamas Henry Matson retired in 1879, and the firm was carried on by his ;:on, J. T. Matson, who, is credited with having imported to Canto-bury ostriches and llamas, but not with tho idea of making monev. Farming was goin'j through stirring times in the late eighties, and the steady pcopress of the firm was somewhat checked. Continued adversity came, and finally K. Matson and Company was reorganised in 1894 with Mr Leicester Matson at its head, and with two of his brothers with him. The three brotheis were owners, shareholders, directors, and staff, and they found that they were probably the busiest people in Canterbury. Many men in the country can remember even to this day some of the proai«jous feats performed by the Matsons. Could they be written down, those tales would be the history of an important period in the life 01 farming in New Zealand. Some of the deeds that were done foy the brothers in establishim; anew their business sound like the sort of tasks that Hercules would have been given. To modern oars, the tales sound incredible. There is for instance a recollection with Mr Leicester Matson of working clear through two days and two not once, but many times. He remembers selling all day at clearing up what book work was, and riding to ChiLstchuich through the night to be at a ■= in the morning. The ride was b2 miles. There is: not.a corner of the Peninsula that Mr Matson dec:-, not know because in his time he covered every inch of it on back or on foot.

A Jar of Sovereigns One of the best stories, and one that is typical of the I< J, life of the times, is told of int. stringent days of the early when cash was s.o short a. to have almost disappeared, and when hue were in the air anxious whit-pM'"^ about the soundness of P£* ctl a J every firm. Matson and Company went to the bank, managed to bor rem a thousand sovereigns and p'acins them on the counter of the in a glass jar, dramatically dispelled any supgest'on a^aJnSt ,^ t credit of the firm. The Prcced ,nt then set of paying cash at th. con elusion of sales has been loliowt CV The original Matson was jot notable as an auctioneer, bu' r e J T Matson. his son, is icm>.ri bered to this day by lonfe memories. Jhe tradition - • by J. T. Matson has been followta ever since, and the firm, u '' nP the preat-grandsons of the louri der actfve in its work. ha,, a high refutation for its auctionennn^. H. Matson and Company w h very few other firms of thr is really a survival of the ■ „ys when the . I*r«" personal friend The n m <. ses one of the few pnvate bus ne.sc of the kind in New Zealand oi Australia, and preserves the tradi tion that built its reputationm tn farlv days. Farming has piogr c -~ 2lmost beyond knowledge ' days in which the- original first set out in business but the personal contact between H Matson ®nd Company and their clie.nt, friaina as it did in the old days,

CANTEKI>UTvY MARKETS POTATO PORTION UNCHANGED (BT OCR COMMF.Jt- [.\r. BIiJTtW-) Friday EveningThe: market during the weei; has been very quiet. The easier tenc.'i. ncy apparent in the mid-week ha:; >. ol developed to any extent, and pri<A ! are unchanged. Prompt whiles ana I Dakotas are quoted at £0 5s a ton j 1.0.b., s.i. There is not much doing i with farmers, but prices on !rucks are unchanged at about £5 a ton. The Auckland market is scarcely so | strong. Potatoes have been sold mere during the week at £7 5s ex wharf, j .vhicn is oelow ihe f.o.b. parity. Tiu unsettling factor in Auckland is that. ! die comparatively high price is tonding to restrict consumption. A c.r----i eumstance emphasising: this assunip- ' -ion is that tne light shipments lor j June have had no effect, in .stimulating the price. The exact figures for the month are not yet available, but it ) is considered that the June shipments have been the lightest for some years. Ordinarily this would set enquiries going strongly and the reasonable deduction is that there are supplies of consigned potatoes still on hand in the northern centre. Possibly the small Ishipments this week will assist these I stocks to be cleared. The market for | the future mouths is maintaining a (inn tone, August-Septembers being quoted at £7 5s f.0.b.. s.i.. but there is very little trading being done at the figure. Opinions continue divided | about the quantity of potatoes in the country. Milling wheat earns an increment at a further penny a bushel as from I lie commencement of July, when the prices will bo f.0.b., growers' nearest port, as follows: —Tuscan 4s 4d. Hunters 4s Cd, and Pearl 4s !!d. The August, increment will be a halfpenny a bushel. The fowl feed market is very quiet. There is little inclination to trade in view of the reduction of 3d a bushel in the price of Wheat Board wheat shortly, to 4s Id a bushel f.0.b.. s.e. A Carton oats continue firm, although there is not much life in the market. F.0.b.. s.i. values arc 3s Yd to 3s Bd. and B's 3d less. Chaff continues to meed with an inactive market, values being £.5 as a ton on trucks. Th°re is no business at the moment in small seeds, but recent ([notations are fully maintained. Quotations The following are quotations for produce paid to farmers on trucks, free of commission, sacks extra, except where otherwise stated:— Wheat— Interrn payments r or June: , Tuscan 4s 3d. Hunters -Is 5d Pear and ; Velvet 4s id, f.0.b.; fowl wheat, 4s oCI, ; ' f.0.b., s.e., for "free." i Oa'.s —Algerians to 2s Id a busnel, i Cartons, A's 3s, B's 2s 3d, Duns to , 3s 3d. ! Onions—£l2 a ton. Potatoes—To £5 a ton. , Perennial Ryegrass—2s Gd to Ja a bushel „ _ , Italian Ryegrass—2s 0:1 to *s Jd a bushel. White Clover - fid to lOd per lb. Cocksfoot —To lOd nor lb for Akaroa. 9cl for Plains. Red Clow." fid per lb. Chaff— £3 5s n ton. , Flour—£l2 7s a ton, local; £ll ; shipping. _ r 1 Bran —Large, local, £4 las, small £<> ss; ihsinlrr: £4 10s. __ Pollard—Large £3 15s, small £G os; shipping, £5.

])UNE DIN (l>iiE33 ASSOCIATION TP.I.K'SfUM.) DUNEDIN, Jlinn 23. Little business is being recorded in ' the miiliri;j wheat market. Seme miller:; are s'.ill prepared to buy wheat, an'J there will be lines yet to come on the market from farmers who are hold:n;; stocks to secure the advanced price:;. Seed wheat still has an enquiry and the demand is expected to increase with the approach o£ sprint;, as a large number of farmers intend to sow wheat this season. The fowl wheat market is unchanged. A reduction by the Wheat Purchase Board of 3d a bushel tor supplies for the North Island is causing merchants there to hold off operating in t'he meantime. So far as the Dunedin market is concerned the wholesale price rules at 4s fid a bushei, sacks extra, ex truck, with supplies being drawn from Canterbury, as thereis not at the present time sumciem stocks available here to meet requirements. This price is only for best ouality fowl wheat. Inferior and om of condition lines are difficult to P' 3o "- Small lots, ex store, are worth 5s 1 a bushel, sacks extra. ; The oats market continues lirrn owing to the scarcity of offerings in most of the oat-growing districts. There are now few oats for sale, an:, stores both in O'.ago and Southland are holding smaller supplies than ha, been the ease for a number ot years. The bulk of oats in stores will be required for seed, and it is expected tnat there will be a general clearance ot stocks before the season is over. _ An occasional enquiry is being receiver from the North Island tor oats, an 1 a few lines are going there from the, port. The shipping quotation to-day is 3s Bd, f.0.b., s.i., for As, and oS 4d weather has delayed the cutting of chaff in the country, but most of the merchants have been hole - ing stocks in store in an'icipauon of not being able to draw for supplier as they require them from Canterbury These stocks are now movuif, 0.l slowly at £5 103 a ton saeKS extra. The value for truck loads, ex trucic is £5 a ton. Supplies for the loea market are now being drawn fiom °'a been experienced in the notato market. The local market remainly fairly stationary, and merchant/ are still working on supplies crown in the Otago district i/lo,t of these are of indifferent quali.y • badly graded, and showing aigns ol disease." These lines are difficult ••> plane, the demand being chiefly confined to well-graded potatoes. 11 , quality is selling at J-' V>-; a j looking for buyers, but they aie dih. C "sales for shipment U> England have been recoid Sn'Sce of enquiry

WHEAT MAKKET

I CARGOES, PARCELS, AND | FUTURES , LONDON AND LIVERPOOL ! QUOTATIONS LONDON, June 27. Wheat cargoes are steadier. Parcels are firm. Future'; are quoted: June 24. June 27. s. d. s. d. London fa quarter)— June .. 23 5 23 3 September . . 22 5 22 5 Liverpool (a cental) July .. 5 3J 5 2;] October . • 5 4 5 3ij La:coruber .. 5 3 J 5 3;.; March .. 5 3 J 5 3J Spot trade--Quiet and easier tendency. Australian, ex ship, 27s 9d.

| BIG AMOUNT HELD IN j CANADA 228,302,000 'BUSHELS OTTAWA, June 27. On May 31 Canadian Co-operative Wheat Producers, Limited, through the neei'.atV>.".s of Mr John I. McFarland, acliir' eft behalf of l!n Dominion Government. held 228.532.000 bushels of wheal. "Ji < average cost was 85.012 cents a be.'.;hel. This fact disclosed in a mass of of statistics read before the House ("'train Comnvttoe by Mr Robert Findlay, treasurer of Co-operative Producers, Ltd. LONDOM MARKETS LONDON, June 27. Flour—Slow. Australian, ex store, 20s !)d to 21s Id. Oats Slow, tending in buyers' fav- ' (VJl '- - tPeas and beans- —Quiet. Sugar--July, 4s 7Jd. .MELBOURNE i ' MELBOURNE, June 28. Wheat- -3s I'd to 3s l]d. Flour —£10 J7s fid. Bran—C 4 15s. pollard—£s. Oats -2s 4d to 2s 4td. Barley (English)—2s 7(1 to 3s. Maize- 4s 3 1 to 4s lid Potatoes—£lo 5s to £ 10_ 1.0s! Onions —£3 10s to £3 15s. DAISY PRODUCE BUTTE'It MARKET FIRM A. S. Paterson and Company, Ltd., advise that they have received the following' cable advice from their London principals, Messrs J. and J. Lonsdale and Cnmprmy, Ltd.:— Butter market firm but inactive. New Zealand 00s, Austrian fi/s, Danish 'market quiet, buyers inactive), UL, 01:, f.o.b. Cheese market quiet, buyers inactive. White cheese 40s Cd, coloured cheese 45::. The National Mortgage and Agency C< leieinv Of N-.W Zesland, Ltd., advise h-vii." received the following cable me""a"'o from their principals, Messrs A. J. Mills and Company, Ltd., Lonto 00; firsts 03s to 395, Danish 102s, f.o.b. "Os, Australian 87s. Cheese—Market is steady. White 4as t/, ,;r, j fid, coloured 44s Gd to 455, Canadian white and coloured 02s to Chi, Canadian c.i.f. 53s to 00s.

Dah'fty and Company. Ltd., have rerr.ivcci'the following cablegrams from Samuel Page and Son:— .... Butter —Market quiet. Dariisn, f.0.0., 80 ;- finest New Zealand, to 90s; finest Australian unsalted and salted, Cls 'o 87s; ga.q., 83.-. to 81s. Chvj.:t:c—Market firm. Quotations. New Zea'and white 45s 6d, and coloured 455: Canadian spot white and coloured 58s to Gls. LONDON QUOTATIONS LONDON, June 27. Butter —Steady. Danish, 102s; choicest, salted, New Zealand, 90s; Australian, 07s to 83s; unsalteds, same prices. Cheese —Firmer. New Zealand, white, 45s to 45s fid; coloured, 455; Australian, temporarily cleared. CLEARING SALE i,r. ssrs U. Matson and Company conducted brhaif "f Mrs A. Carroll. "Tile Gums, r 3 co-ikt. Koutlil.ridje, a complete v\virln" sale of her live and dead «tock, her I,,,'shr/ liavini; expired. It has heen some considerable time since there was a sale m the district, mid the horses hem;; 11 special fealur , there was a record attendance, and the sale was an excellent realisation for the vendor. The following are the principal sacs: 11 0 ..j- es —Buy nnre Bonny i'-lb. bay gelding Pi:<ldy' £3l, hay mare 3 years, £43 bay ci Idiir- cK r ht yenrs, BiHv, ilO, h.\> mart, ■■'v --(■"■trs Dot' iM3; brown filly, rising two yr. : r'." r- : >; Iny mare, 7 years, £3O; filly '"'rstVli' Jersey heifer r,printer 5.7 10s, lirti red cow .£O, Jersey heiter £7. Jersey cow 52 Sn, Jersey cow £■■>, Jersey cow 5-1 li'rsf'V bul! li>y. ' Sl:£M. P —Kitflity-sfven six and cfcht-tootn ~i 24s 'Jd, 2 Southdown ewes at -1. <> Soulhdown rams at 51 I<>S s»<l- • Pi-S—Berkshire sow £2 13b. Tamv/orth 15,-rksl.irft SO'V 13s, Berkshire sow i.u. 11 winners at 1 f"'Produce —Three hags Green • east peas u MS, 35 sacks Italian at 12s. II w«to \ i.'■ ]-i-iu -It 13s i; sacks second Algerian nt ; " "Us red clover .£!>, 20 sacks at 1 r/'.d 1 -HI first shot .sacks at Cd. approx. 70 cliaff at from bd to >jHhny "at Z7, Sr„ and £l2 10s. Sundrie:; Ford coupe 5.1/. dra B a» 1 rrovbor i't 1" crosscut ft aw -1 I<B ba. 4 ..oil's Cvclono tO 10s, 8 coils netting s'i Jns'. wheHs and axle £1 17 S Cd grubby <l.f. 1.10-crh Wnt ' kß ~ml C '" nnS . r„' hinder 510, farm dray £l2, spring di.ij ( j „},■ cj, separator 51 5». collar, hanies, "1;, •;Xk.-r S 5-1 10s, do. £l, do. 51 10, do. 1-1 t(e, do. 52 Gs, covers at lon, 10s. HH u's, ,1 v:.3 Cd, 51 17s Cd, los, harnessjj. I

FRUIT MARKET CHRISTCHURCH The following is the weekly report: Cauliflowers, best quality 4s to Cs Gd a dozen, others 2s to 4s; cabbages, best quality 5s to 7s a dozen, others 3s to ss; celery, best quality 6s to 7s 3d a dozen, others 4s to ss, inferior Is to 2s a dozen; spinach, best quality 2s to 2s Cd a dozen, others Is to 2s; lettuces, Is to 2s a dozen, according to qualify up co 3s; white turnips, Gd to Is a dozen; beetroot, 9d to Is 3d a dozen; parsnips, Is to Is Cd a dozen, 2s Cd to 3s a sugar bag; carrots, Is to Is 3d a sugar bag; leeks, best quality 2s to 2s 9d a dozen, others Is Gd to 2s; pumpkins, supplies plentiful, realising id to 3d per lb; marrows, plentiful supplies available, realising Is to 2s per dozen, according to quality; onions; best quality Cs to 8s a sugar bag, others 4s to ss; pickling onions, Is to 2s a sugar bag; potatoes, fair supplies available. best quality realising 3s to 3s Gd a sugar bag, others 2s Gd to 2s 9d: swedes, local Is a sugar bag, Southland Is Cd to 2s a sugar bag, according to quality. Peas: A small consignment of peas came to hand during ihe week and realised 4s Gd a peck. Apples—Jonathans: Extra choice up to 7s Cd a case, others 5s to Cs. Delicious: Extra choice 6s Gd to 7s Gd a case, others 4s to Cs. Cooking apples: Lord V/olsleys Cs Gd to 7s a case, other varieties 5s to Cs a case. Winesapps: 7s .o 7s Gd a case. Pears: Choice dessert 3s Gd to 4s a half case, cooking 2s Gd to 3s a half case. Tomatoes: Best quality meal hothouse up to GUI per lb, inferior lines 3d to 5d per lb. New Zealand lemons: 8s to 10s a case. New Zealand Poorrnans: 8s to 9s a case. Imported Fruit—Supplies of Californian Valencias, lemons and grapefruit are available, and values are, Valencias 30s a case, lemons 36s a case, grapefruit 34s a case. A shipment of Queensland pines came to hand during the week and realised from 10s to 2-ls a case, according to counts. Shipments arriving frcm overseas—A shipment of South Australian navels is expected about the middle of next week. DUNEDIN (PRESS ASSOCIATION TKI.KGI! A !.*.» DUNEDIN, June 28. The first shipment o. South Australian oranges for the season will arrive by the Waitaki on Tuesday next. It is understood that some 300 cases will be placed on the local market, the quantity being little more than that which 'arrived in the first of the season's shipments Ins! year. There are fair stocks of Cal.forniau oranges in the marts, but sales are slow. Retailers are working, from hand to mouth in view of the arrival of South Australian oranges. Poormari orangos are offering freely from the north. Supplies of Delicious apples are plentiful, but only the best quality are enquired for. Other varieties, such as Jonathans. CJeopatras, and Stunners, have a better demand Cookers are in good supply. New Zealand-grown lemons are plentiful, with low prices ruling. Cali-lornian-grown is in smort supply. Cali ornian grapefruit is in good sup- j * iiothouse-grown tomatoes are still, arr.ving from Kakanui and Canter- j bury. Bananas are plentiful. Pears are in short supply and higher prices arc ruling. Supplies from C< ntrai , Otago have practically ceased and local' and Canterbury cool stores are I now being drawn on. j

POULTRY AND EGGS WEEKLY REPORT Mrcfarlane and Company report on the weekly egrj mark'.'!. u:> fellow:;: First grade, Is fid a dozen; second <rade, Is <ki to Is ad; duel: eggs, Is 3d to 5s Cd. RED COMB EGG AND POULTRY COMPANY All clashes of poultry met with a good demand at the rales on Wednesday and Saturday. Entries having reduced during the last few sale.'; owing to the wet weather, .supplies h ve bean :horl of the demand. Boiler.- :;oM well, buyers making competition keen tor all lines offered There was a gcod entry of chicken, buyers being chic fly interested in the medium lo -mall birds. The average prices realised for poultry during the wee!: a pair are as follows: — Roasting chicken, light to 4s 0.1, medium to 6s Cd, heavy to & Cd: hens. ii"ht to 4s, heavy to Us 3d; duckling to 7s. ducks to 4s Gd, goslings to G:?, pullets to 12s, turkeys 8d to lOd per lb live weight.

STOCK MARKET BLENHEIM At the Blenheim sale this week there vves a much smaller yarding than last week, especially in the fats section, only *SOO being offered. There were COO stores. Prices for fat wethers showed a decline of sixpence on last sale, while ewes were on about a par. Lwes comprised over half the yarding in the fat section. Top price went lor a pen of 13 Cape Campbell at 15s Bd. A line of 57 prime sorts from the JGlover estate brought 15s Id, 14s lid 14s, and 13s 9d. The qu lity of wethers was only average, and a drop in prices resulted. Two show wethers sold at 25s 3d. Nine brought 19s lOcl, and other good prices were 18s 17s lOd, 17s 3d, down to 14s for lights. A few pens of lambs made 15s and 14s. In the store section prices were about the same as at last auction. A a aft of G3 good qu lity sound-mouths, running with English Leicester rams, sold at 15s, and other prices were lOd and 14s 7d. A line of 33 wellfinished three-quartcrbred ewe hegrets, which were a feature of this sect'ioni were passed in at 17s 9d, and a draft of halfbred wethers fctcheci 130.

ashbukton Meroh=nti rpporl that , li«rc h-s br-rji •» irs tho oat market clnrin-T ''»« wcol; Ga-ton «a«s av(> advanced o'.vr-• t • fi.orV oviv'nl.lo 'or PP"d nrd rn _ iti" niirno*cs. Abr-rmrn have "no horn Pr.qmred' for, lut nol to Hip f-unio ox.cn, 03 on'a. y,, r • f ( .w ] \n-3 of mil'in'j v.Jiont. are no «. on Most mill'-* «r.. dra-Tir' Mieir ffom Stock:) Uc!d I'V tUO V, 'iCilt l_*.r.r, <]. . ...... 'Hi" potato market h quiet ul iin. (,f| r'TKJ iron, s-ro >vn »t<- not hoavy rwl buyers ar" no-.v taking delivery of lor-pun-liases. Thci" 'S nn rh'Ti ■> in * imr.-ic't for Paitridt" r-ras. in tho a' s.-n-o of Homo ft! mi i ' if. Onlehraf rhrifi is not t-rceivin-r taurU intention. Tl>«. mnrbrt for «*r;>S9 s>n 1 clovrr Rp<rlf» rnnain" n, ro wit'. ! ; ttV t, a nnw p.TS?n--. The fire pi'."S to he pni'l " fjmiffl, n vi! I a • i njni--.--t.TM-r?, a-!:-py 1-;, ..yjlfpq O'll P'i f-" H 1 f!! t' 011 P' I. " ' V," rut— I Ti'S-nn '« : Hont.-ira Sd Pearl and Vclvflt s 7d (nil Good who'. owl vheat 8» -d. Wheat s con 'e *»a S'> to ?= Prl. flats "# !<■ *s "d ' erinns ?s fid t,". n *d. D'-ns ''o !M ■ ') she' Chaff Goo I oitnhenf f" 1 ft ton_. Oraea Copds— rI Italian and W- sfern Wolf i s r d to ro-karoo! I'cd wVii>e clovpt Cd to tid, re! clover fld. F»rtrids« I>»b -Ko. i kwlo a 10<l, f.a q.'c ss. _ . Potatoes—Whiten £1 lEa a ton, Dakotao 45.

GROCERY TRADE PROSPECTS AND PRICES Trade generally in the grocery business this week showed an improvement on that of last week. Yesterday was a fairly good day for most retailers, and turnover is reported to be up to expectations in both the wholesale and retail trade. A fair amount of forward buying is going on, showing confidence in the markets generally, and supporting the belief that prices as a whole are more inclined to move slightly upward than otherwise. There have been no price movements during the week of any moment. Eggs As predicted recently, fresh eggs have dropped in price—'.he decline auring the week being such that yesterday some grocers were selling at Is ad and Is 7d a dozen, according to tirade. The market looks like further weakness, and country stores will need 1o wa ch the city values, otherwise they may be caught with supplies purchased at too high a figure on a weak market. Dales The London ma.ket for new season's dates is at present very firm, and inclined to be o::citcd. Cabled reports from Busrah. the chief date growing cen rc of Aria, sine thai some alarm lias been caused there through a v>si'ation of an ins ct that attacks the growing date (killing it off). Ibis pent i- reported to be increasing at a v .'."y ran id ra'e, and if i. continues it must materially reduce d to production for the coming season. Honey Some very fine samples o£ honey are at present available at reasonable orices and grocers who require supplies should obtain latest quotations. The present farly chcan r~tail price should encourage consumption, and thus lead to bigger demand. Canned Peas A well-known Dominion packer has circularised the t.ade this wc k offerin" new season's cr lined peas lloz and c'ibieet to rack. Buyers who are in!crested sh'iuld go into the mr.tiei of celling tlr ir i equir' pmt< fled, o herwise they will run the n-;k o< not gettina full supplies later in th" season a'= every year there is a el- an <:e!I-out of Domi non packed ("MMi'-cl peas. Orders can. it is tindertood, be bofked and arrrrigc ' to buyers' conven'onc. For rmalt'v, it is th" general oniiv'on 'hat dir. r.)ominion naeked article outstrips the imported line.

Peanuts A small advance in Chinese peanuts in shell is notified, but it is too small to he of mueh interest. The mark't mi Hon'! Kong at present is stated to l c exceedingly firm for shelled and inshcll peanuts Kapcc Advice:; bv cablegram from Eatavia .late that there- has been no change in the I'.ancc market since last quotations we.,:- is-ued. So-ip The soap market in New Zealand is exceeding,y firm a; the pre..ent time, owing to ihe high cost of materials, in anticipation oi higher values many retailers have booked ahead, but it is understood that bookings cannot be obtained for delivery beyond July 31. I No word as to price movements has been iisued so lar, but seme buyers who had very carefully suiv.ycd the s.turition considt red that the position warranted placing forward orders, and acted accordinelv Onions Advices have been received that the nr."? shipment oi new Calilorman enkns is due to land in New Zealand .-.bs'ut the middle ef July. This will be (ollouid by a further arrival in Augii: t, and Canadians will probably be shipped in August for the Dominion. Evaporated Fruits No furl her orders con now be accepted in Australia for either dried .apricots or dried peaches, the sellers noiifving that there lir.es were now • f.'cfinitely ' IT the lis* for export. Sales haver been very heavy and supplies ri An' tralia. ior the export trade, are -chair !; d Slocks of nectarines are very small and this may be the next line to be a aid out,. Toll aero A well-known line of tobacco (in tins) haa been advanced by 7d per lb and new lists are now available for the trade. Pepper Kcpcris to hand irem Singapore disc\or:s a weaker position in respect of while pepper, following the slight drop <.f last week. There is ground for belkving that the "show down" in the whit."- pepper market will come about August or September, when the new crop will be placed on 1 lie markets of lOuropo and America. The size of the utw crop is as yet unknown, but it will probably be up to the average yield, and it is felt, that when this is unloaded on to an already glutted market, anything may happen to prices.

Tea Another auction of Indian tens was held las', week in Calcutta, when, owing to the season not yet being in full swing, only about 820,0001b were offered for export. The catalogue contained a few Assams, but Dooars, and Darjeelings represented the main entry of leaf tea. Quality was up to the average, and all leaf teas sold well, but prices showed little change from the initial opening sale (the present sale being only the second this season). Jt is expected that the auctions will comprise heavier entries as August approaches. <U this sale average prices obtained ran as follows:—Broken Orange Pekoe, common, 8 annas 3 pics; medium, 10 annas; gcod, 15 annas. Broken Pekoe common. 8 annas; medium. 8 annas 9 mes; good. 9 annas G pics. Fannings common, 7 anna 9 pics; medium, 8 annas G pies; good, up to 9 annas 3 pies. M Colombo last week, Ceylon teas sold at auction at the undermentioned average rates. Common teas, in some oases, moved up 1 to 2 cents, otherwise the market was irregular, with a drop of 1 cent in some directions. Values ran: Broken Orange Pekoe common. 51-53 cents: medium, 62-70 cents. Broken Pekoe common, 49-51 cents; medium. 55-53 cents. Broken ton. common, 47-40 cents; medium, 49-50 cents. Prices for fine quality were not mentioned in the cablegram. Malt Extract In order to compete against the imported lines of malt extract, plain and in oil. a Dominion manufacturer has amended his price list, and this shows reductions of approximately, on plain of 2s 3d dozen firsts and 3s 3d dozen seconds. In oil the reduction is Is 9d and 2s lOd rsepcctively. The Dominion made line has enjoyed a good sale in the past, and the amended prices will now enable grocer:; to still sell it in competition with imported lines. Barley Late quotations, f.0.b., Melbourne, are English barley 2s ?d. Cape 2s 2d. Limn Beans High landing costs are reported on Lima beans, and future arrivals may show further advances. This line has commanded a rising market in London for several months, and this is now making itself felt in shipments now due to land.

d. d. d. 70's . 30 30 33 64's . 29 28 31 60's . 27^ 27 29 5G*s . 19 18 J 23 50's 14,4 1-U 16 V 46's . Hi HI 12 40's . 101 I0i 102

P.O. Inn., 1'V.V-M •• I.e. in*.. if •• „ ; ng _ t 1 fj 11 107 10 0 — 1 107 1'2 0 1( i-2 5 0 t 1 (" I in. l')'» <" M 4 * i 0! 2 C 105 0 0 I p.'c' Ins., •• | p.<; JJIH.. 9 C- j> •i p.c. Ins , 10) -25 4 p.c. Ponds. 1911-41 <1 p.c. ISoml. 19IG49 4 p.c. lion'l: 1 ., 19j~-55 Kuial Uonthi Id" 7 « 1 - G 11) 10 0 1 f i7 15 0 1 '. ,r> 0 0 111 17 ('• 101 17 G 111 112 100 15 5 0 0 0 0 Other Debentures Cin.li. Drainage, 4J r»- c -> r;n-n-so 102 0 0 100 10 0 I'oviity Bit y, -U v- c - 100 0 0 101 0 0 Tola-'i) uy, 4 s P-<--> l-li-101 0 0 Xapie Harbour, 4*, p.c., 10G 0 0 Gial.orn- Slirepfarnicis, 10 0 (b I'-c.. 1011 " y.Z. Ilefm;., Gj p.c.. _ 101 15 0 L-)an and ARcncy Mutual Benefit (£10) ■■ 11 5 0 ... Natl Mori "A '■ £ - . o . -1 1 '2 10 3 2 12 G pal 1' ■ • Wri'lit Stephenson anil (Jo lord.) (£ll 0 18 0 1 0 0 Wri lit, Stop'Tjinon and Co. 'pre!) ; 0 lo 0 - Wrp. Trustees (IM l>d.) ;s 5 0 Shinp'nff New Zealand (cum pn-f.) 0 10 0 (£1) ~ Frozen Meat Canterbury (prof.) 5 1G 0 Woollens 1'ruco (.I'll 0 1.1 0 1 2 C Brno- (pre-*.) <£!) — 11 ni.ipoi 17s paid) (1 U 7 0 11 i-'s.i ipoi '73 paid) 0 5 ;> Fninpoi (r>:'ef.) ' 1 < s) .. Mo".„'iel (XI paid) 0 i H 9 12 10 0 Coal 9 Stockton (onl.) (")!!) .. 0 X 'J 0 1 Gas ,Unt„ "A" («',) Tinwru f." 1) 900 8 1 2 0 9 papier (£t |! ) Breweries 'I'll 11 il 1 1 1 (1 f'ft) • ' * 0 n 10 — Tiniaru (7s Cd paid) _ . • 0 8 V — Vi'iiit" Star (cum <iiv.) 0 (<;1, 0 G 0 0 0 lUhiceilancouB Aritliony Iltinlcm >£1) •• 0 13 8 0 13 10 Aust Iron and stei■! pt.) (var.l •• ;• liooih Macdonald iprcl.) (';D Froken FTil 1 I'rop. (.£1) 1 3 0 1 3 1 0 0 (1 2 17 G 2 18 3 (J. in11 f ■ .Neon 'N /j) tl) — " 6 0 Claude. JN 0011 Syd.) (£1) 0 1G 0 2 10 0 !).!.( . ! (is paid) — D.l.C. (pnd.) '£1) 1 1 r, 0 — 0 ( vctm Crystal I'a!. t-tl) 0 9 C 14 Howard iimlli <i'l) 0 14 f> 0 14 a Milbinn l.imc £1) 2 5 0 _ Mo r ? 1 If (1st om £1) •. 1 2 0 — 0 • anawa 11 i- ni . Mill.-' (£1) — 1 18 /, r ;i run 1 " Co-op. (1 -11 pref.) '.£")) 2 12 0 — N.Z. Kurmors Co-op. J. 4 0 (A pref.i (£1) — N.Z. l''ai mors Co-op. (. P> pref.) '.£!) 10 0 _ N.Z. [•'armors' Co-op. (t 1 ! p.c. Slock, 1'JlOi (COD) 62 15 0 81 10 0 N.Z N'cvspsppra (XI) .. 1 18 9 1 18 11 N.Z. Paper Mills ill) 1 14 G — Quill M ome 'in liqui0 -i G dation! f CI 1 O 9 Sun Newspapers '10b) .. 0 8 4 0 8 5 I'ni cd I'll t, ires Cd) .. 10 9 — Wnolwori N Z.). ord. cum div. (.CI) J2 5 0 12 13 0 \V..o ■t.i-i t.N.Z.', prof. (£1) 2 0 0 2 12 0 'oitlis (Svd,), 2nd pref. £1) 15 0 1 9 0 Vw'ol'vortlis (Vic.), pref. 10 0 (X't) — 1 Mining Alexander (15s t~aid) 0 13 10 0 15 5 Bell Hooper (in 0 0 0J 0 0 1 0 BendK'o Gol.-i lights (1) 0 0 11 0 I Bi- Kiver lis) 0 2 21 0 2 31 PlnekW'tei (Is) — 1 1.1 G Brian Born 'Is) 0 0 IJ 0 0 3 C cntral Shntover (la) .. 0 0 01 0 0 •' CI arlnston 'Is — 0 0 7 Dei l Lead Is) 0 1 3 0 1 9 ' il cs|)icBeach (Is) .. Glfli'ov (Is0 141 0 0 2 0 0 1 0 Golden Dawn (5s) 0 1 0 0 2 Cio'den Point (Is) 0 0 0} 0 0 1 Golden Sands (Is) 0 2 3 0 GoloTiclds Drodg. lis) 0 0 2 0 31 I' lldr.re (2s 0 3 0 0 3 f Kin" Soiomon Is) 0" 3 10 0 4 0 I awFOf's Flat To) 0 0 4 0 0 5 v iiorew 1 enua ' s) 0 0 0J 0 0 l* Mahskipawn i6d) 0 0 61 0 0 G Walnkipawa pref., 1029 issue (la) —- 0 1 0 M.1I1 ■< nnwn pref., 1930 issue* (Is) 0 0 c 0 0 101 Maori Gully 'Is) 0 1 2\ 0 V 3 Moss, Creel: (Is 1 0 2 4 0 2 6 Mount Lyell (£D 0 18 11 0 19 0 Mocnt Morgan (cum dh'.) (5s 1 16 9 1 1G 11 Olsarito (5») .. i.^ 6 5 7 0 6 11

Ain't, paid a Companies. sb'o Buyers. Sellers. Approx. 1 market j price. Appros market price, ii year ago. q -a u a aj > ri a S Div. payable. iieiurn on investment at approx market price. S & 6. d fl 0. d. £ 0. (I 2 B. d f 2 a. d Banks — Au5t-al;iisin Comm. of Aust. Com in of Aust. (prof.) Com. of Sydney 10.. S., and A. Nut. of Aii' 'nam Nat. of Aua'asia (COIlt.i Nu'ional of N.Z. Now ; o 1 tli W ales Now Zealand .. Ullioj. liefiervo S ICS 10 12.J 3 10 5 25 £0 1 6 5 0 9 17 12 6 30 0 15 11 8 1 10 :7 10 8 c 0 0 0 0 6 G 6 3 0 15 9 12 17 12 12 15 G 5 3 10 31 5 2 10 G 9 8 G 0 0 0 0 0 0 U 0 10 17 0 15 9 12 17 10 "5 1 12 12 6 4 3 10 31 0 2 10 8 17 G 0 6 7 C 0 6 6 0 0 0 9 r, 0 11 15 0 1G 9 13 1G 17 5 1 12 7 6 1 3 17 31 10 2 8 9 17 0 0 6 G 0 6 0 0 li G 0 91 5 4 0 1 10 5 Fob.-Arg Oct.-Mcli. do. Jan.-Jul) Nov.-May Nov.-May Nov.-M ; Qurrter) (F., M Jan -J n ly Dec. June an.-Ju. Junn 4 7 4 •J 4 2 1 3 1 2 19 1 19 1 3 19 2 1 0 7 17 1 A., N ) 3 4 G 3 18 9 2 1G t 3 17 G insurance— National Nii'v Zea'and .. outh British .. blJ.iiuii.iU .. 7s 1 1 1 3 0 7 18 3 0 1 1 2 1 0 3 8 4 19 3 12 G G 0 G 0 19 2 19 3 19 3 2 (1 y 3 6 ■)d 10 2 8 12 i May-Nov. I'Vb.-Au'.' Apl.-Oct. Mch.-Sep. 3 13 2 2 18 4 2 13 10 i 8 11 l.oan ant! Agency— r ninety and Co. f> < o (I brough, M. 1 Cuaiantee ( rrp. 3s I'nited Bmld.ng 1 8 1 1 0 0 3 0 6 3 8 5 1 9 0 8 2 1 8 0 5 1 3 G 9 ■I 3 9 12 1 10 0 4 1 1 G G 9 G 119 5 Mny-No". Dec. June Meh.-Oc (U't.-Apl 3 1 G 1 3 5 5 15 11 1 G 0 I ro/.cn [Heat — Ciear N Z. Refrig. .. N.Z. J.cfr g. (coll.) 103 1 103 0 0 19 9 8 7 0 19 o a 9 9 1 1 0 19 0 9 3 9 1 7 0 19 0 9 6 4 0 5i, :>i ,'une-Oct Feb. Feb. ! 10 7 ; li 4 5 13 3 (ia> - Auckland i.vkt rid (con.l ( ]iri (church ( lin.»to..uich (con.) Wellington 1 15 J 1 10:) 1 1 0 1C 17 3 3 1 17 0 17 C 1 7 1 0 1 1G o n 3 3 G G 3 1 G 0 9 1 12 0 15 1 l'J 6 G 0 G 0 u 0 8 July-Fob i ulv-Fc Aug. Feb Aug.-Feb. 4 0 8 4 l> h . r, !i 1 >' G 1 13 1. Shipping— liuddart-Parker P. and 0. Def. Union (picf.) .. 1 1 1 1 1 1 17 1 G C 3 G 1 18 G 1 17 1 '! 1 7 9 0 3 1 13 1 0 1 7 G 3 0 7 5i May-Dee. May-Dec .ill 2 ,| 0 8 Coal— Tanpiri Wistport 1 1'jn I .1 7 1 2 0 0 1f> 1 1 G 9 0 13 0 19 6 0 10 Nov.-May May-Nov. — i 11 11 I! !<• Nvt-rics —~ Carl l,nn -• Niw /.calami .. Staples Tooliev* 'i ooths 1 1 1(',3 1 \ 1 8 11 8 M 9 0 0 '2 10 2 14 1 13 2 11 0 1 G 1 13 1 9 2 li 0 0 0 0 3 i 8 1 G G 8 3 9 0 9 G; u j i)ct.-Mcli. I an.-.J ul b , c!l. So . May-N'ov. 3 13 ."> Jill' 3 0 7 ill 8 10 0 Miscellaneous— Aunt Cl:i!vi Ui.ii lb it nd Co. IV;\.tU & i o. ,con.) \\,w\ 'YIA.WCMI l'.uvna VU, •• i olonia) Sn;.y.\Y / (iimnion r.xmlnp Hubber i Ku Ziiu oiJ.) VW. V,\vu- \iiei.) Ilrnry Jon: 3 ■■ ! auri Timber .. N.'/,. 1 vu.', Co. Mount l.yell Wl.it. & 'i'fimlfl V\iUon'a Cement k ':A\ \ i i 1C*3 I' * VI O 10 v ;i 0 18 3 13 1,8 *( ft fl 1 11 G fi V 16 n w 0 1C 1 c> i is O l'J A 4 0 U) 4 1 .( 0 (> 10 6 0 0 3 9 1 J: L 13 )¥' / O JG 1 r, i \ \i 0 l'J 4 1 (l V.) 1 « -1 0 1 ut 0 •J 0 Q 0 II 9 0 0 0 c 2 8 1 3 0 10 1 L(i \ <1 V,S \ 0 VJ 1 0 >h 1 4 1 13 t Vi / 0 HI 3 17 1 1 0 1 1 I 3 IS 1 9 G 0 € ts( (i 0 « 0 c y :t 0 0 13 s8 '' 1 G i.i2 !)fi'.-Juii' Mcb.-Sei, Meb -S.', Hutch j \n un .-Vv t \% ) Ap). Oct c/j Moll, ,J isiif-l) i 1 Juno-D.' Ap,i .hvno-De Au .'Uf'l c.h. O i. Noi'. Juno is 3 i'd \ v, \ ) o - [ a t / :: in \ ;i ir, [ : "1 "/ 1 u n (;i i t g ;j 9 " - .

Uuyrrs. £ o d ell ■13 d Dxcii hholuv (lb Riv.van;: Tin (IC-JJ SkipiK'iR -^ K ) •• Wuiin 5:1 •• •■ Grmxi .furution rz uivj 0 0 n ■; o (i <i - i \ ir> o 0 0 1 0 7 (i H> o" | Y'mUini ll!i' .. } \\ oi l: op Kxt-n-'ul (l.-O j W.'iiruuinu U s ' 0 G 0 (1 0 0 <i 7 0

lime, £18 Morning Sales d. £ s. Com. Bank of Sydney 17 19 0 Tooth's Brewery 2 14 9 Anthony Hordern 0 18 10J Broken Hill Prop. 2 19 0 British Tobacco 1 19 3 Colonial Sugar 44 5 0 Afiernocn Sales Colonial Sugar 44 5 0 Howard Smith 0 14 6 Burns, Philp 3 5 3 Australian Gas A and B .. 8 3 0 British Tobacco I 19 3 Tooth's Brewery 2 15 0 Carlton Brewery 2 1) 0 Australian Glass 3 9 0 Goldsbrcugh, Mort 1 9 1J Henry Jones 1 17 6 Electrolytic Zinc, prcf. 1 14 9 Anthony Hordern 0 19 0 General Industries 0 19 5 Mount Lycll 0 19 0 North Broken Hill, ex div. 6 11 6 Placer Development 33 0 0 Rawang 0 7 2 Larut Tin 0 11 4

Pari:;, fr. to £1 121.21 74 .'J3-C4 74 35-04 Ntw York, to). U, ' 1 ■j - 8 0 !l 4.94 5 1C Montreal, do!. (o £1 ■J.6GG — 4.94J to .i'1 :J5 ?n.'j5 29.21 fr. (O r Jo. 00 jr..07 Al!K'i|fTll.'>ni. 11. f <i .CI J 2.107 7.21 7.211 ... .I.ir,, u. 1 r O <17 MS ME Ucrlit;. ri icli us.'ir 1:i ii to ; ,t i 2 0. .13 32.22} 12.22J < Slof JfJjobu l.r. in rl J 8.1 CO 10.00} 10.00} \\.V\v \\, \ l.r. 1.. n tin \ Oslo. \,y. \o / ' 7 )}-L) r j!) J 9.00} 10.00} ( Vienna. fd.z*. ) i.» y. i ;u.r>*r> 20 ZCj j ' to i OA. i r; 1171 ( fief' intrfors:. vnnrV. * to 1 j 220^ M ailr :d. p<" <• ' 'i H t<> SI 2,0.2 'Jl.'i c; 35 'jl-'iV. \ <U>- to A 1 no 1 i < > lir>i j Ath'-nr. rir.-i'-ii | to 11 vie, r,ir, r,n 1 In 11 1 1' i 1 1.., /!, •5'.>2i tininri 'jrj/j2i5 ■u.c, 2J.5 Ki , dc Jjito iro, pi iici- to •'n"i t./S'Ji) •' i 4i JK'lll'v' to dol. 17. OU 20 a-io 29 n-ir. 1 M (it) 11* v m1 en. ]!<■<ICC to doi. 01 v,'.) \i 39 2 i'ombay. pcrno to rnj>f*( 10 i Pi 18J ! i. }H'n< c 1 to do!. w J0 3 10 190 Hon:: [\on;:. jli'llfl' to <lol. «r 2 7 20 J I V nl; oh ii in :r. l>fncr lo von a 1-Hl HI fiatavia. fCnililprK 12.107 — 7.21 J Warsaw pur : i'.l Ot VS to i'l '1r, — 20.00 *L)ct«:riniii{'d by i>rico of silver.

London—• A' N.Z. to A100 !■)£■ T.T. 12.1 124/10 O.I). 123/10 124/8/9 Vustralm— £ A. to A'100 N.Z. T.T. 101 100/10 O.K. 101 100/10 Fiji — £ r. lo £100 N.Z. T.T. 90/7/6 80 O.K. 00/7/0 60 Sew VorV:— Kill, to A'l N.Z. T.T. •l.o o; 3.00 J O.K. ■1.012 3.9GJ; .1 onl real— Dnl. to A'l N.Z. T.T. ■t.ooi 3.00 J O.K. -3.01 i 3.07 Austria— Kfiigs. to n n.z. T.T. — 20.57 O.K. — 20.50 — ivipis to .<:i T.T. 23.107 O.K. -— 23.182 r 7 , rch,Slovakia-— Crou ns to A1 N.Z. T.T. — 0 1.13 O.K. — 01.18 Denmark — Kiomr to XI N.Z. T.T. I8.20S .17.878 O.K. 18.248 1 7.888 Fi'ancs to A'l N.Z. T.T. oo.r, i 50.24 O.K. 00.Hi 50.20 (ii rmany— Ueichmarl;': to £1 N.Z. T.T. — a.CM O.K. .— 9.G10 Holland — Florins to £1 N.Z. T.T. 5.05G 5.700 O.K. <3.000 5.710 ltnl\ — Liro to SI N.Z. T.T. — 47.21 0.1). — 47.25 .lava— Florins to J1 N.Z. T.T. r.. 9 0 7 5.082 O.K. 5.957 5.G8G Norway— Kroner lo £1 N.Z. T.T 1G.200 15.870 O.K. 10.240 15.880 Swollen — Kroner to £1 N.Z. T.T. ! 5.700 15.460 O.K. ir>.s:io 15.470 Switzerland — Francs lo A1 N.Z. T.T. 12.32G 11.92 0 O.K. 12.401 11.930 Noumea—• France to £1 N.Z. T.T. G1 .40 58.<9 O.K. G1.80 5tt.5< Pnpeeti— Francs to £1 N.Z. T.T. 01.49 58.49 O.K. 01.80 58.54 Hniu: Konrr —~ N.Z. peneo to do!. T.T. ,'13 10-32 .'M 21-32 O.K. 33 15-32 34 19 32 India anil Oevlon — N.Z. pence to tup. T.T. 223 22 23 32 O.K. 221 22 21 32 Japan— N.Z. pence to yen T.T. — 17 13-1 0 O.K. — — Sim ncrlia i-— N.Z. pence to dol. T.T. 23 5-1G 24 g O.K. 23 3-l(! 24 9-1G Singapore— N.Z. pence to del. T.T. 34 5-32 35 3-32 O.K. 34 1-32 35 1-32

£ s. d. June 27 , # .. 7 1 3 J Jur.i; 2S .. 7 1 2 June 25 .. 7 1 OJ June 24 .. 7 0 11J June 22 • a .. 7 1 0 June 21 .. 7 1 2J

LONDON. Tune 27. The following 11 ro Uip 'atr-st quota ions foi Government etcuriti compare. «ith the prices ruling last week: — Juno 20. J uue 2 7. British— JZ s. d. .1: G. d. Com/;o)k 85 5 0 85 0 0 Funding Loan, 4 0 p.c. J17 17 C 118 0 War Loan. 3 J p.c. 100 0 0 10G 5 0 Con. Loan, 34 p.c. 107 17 (i 10 7 17 6 Victory Bonds, 4 p.c. 116 0 0 110 5 0 Commonwealth— 0 5 p.c., i 94 5 75 .. 3 09 5 0 109 10 Si p.c., 1036-37 .. 102 3 9 102 8 9 4. p.c., 1043-48 .. 104 0 0 104 3 9 32 p.c., 1948-53 . . 102 13 9 lo2 J 3 3 i p.<\, 1950-01 — 97 17 6 \>w South Wales— C 3 p.c.. 1935 101 0 0 101 2 3J p.c., 1930-50 .. 100 1 3 100 1 3 41 p.c., 1935-45 .. 1(10 10 0 100 10 0 .< p.c., 1935 55 101 13 9 101 12 0 Victoria— v. Wl'S-VS vs i 4 ; i p.c., 1940 CO . . 104 0 0 lot 10 0 J r, ,».<• l<U5-"i5 .. 10ft 1J> 0 100 0 0 ' Gurrnsland— OH 0 08 ;s 1922-47 .. 0 7 G 5 ii.e.. J940 0Q .. 107 5 0 107 3 9 HoulV ~s>Ua— ii J11J a or nflcr 88 25 0 88 IS 0 r> p.o.. mr>-i5 .. 108 1G 3 100 0 0 VWntcrn Australia— 1 p.r.. i 912 02 101 15 0 101 17 6 Tasmania— a* v <•„ 1020-40 .. 101 10 0 101 1R 9 4 iw-.. 1940-50 .. 102 0 0 102 0 0 .V<?« Zen 'an j— 4i p.c., 19-48 58 .. 109 15 0 109 10 3 31 p c.. 1940 103 10 0 103 12 6 3 p.c., 1945 101 10 0 101 U :i 6 p.c., 193G C1 .. 106 5 0 100 6 0

LONDON Jimp 27. Juno 2 0. June 27. r oppor— •Standard, spot Forward ion. £ 8 d. .. '29 G 3 OO i rt a A to i. £ ». d. 28 15 7§ 23 4 i 0 0 Klec.trr>l,-tici to Wji. bam American elcc'. Lv ad .. 32 If u 0 .. 23 5 .. 33 'i rolytic: 9 0 0 oen 33 0 0 33 ti 0 b pii lb. S ot forward Spelter— .. i3 13 •• IS 15 9 0 13 I - » 13 15 0 Spol Forward Tin- •. IS 17 J8 IS 6 9 13 17 G 13 18 9 8 Hit . . ' Forward Silver— . T29 16 • ■ '.'20 7 8 fi 2"8 18 0 *20 11 3 Fine, per 02, Standard, per • • Sid o«. 38 7-lGd SI \AU 33Jd