PENANCE AND COMMERCE

Press, Volume LXXII, Issue 21727, 9 March 1936, Page 13

PENANCE AND COMMERCE

SMITHFIELD MARKET

■i HEAVY mutton and j LAMB EASIER p\ Th- Ne w Zealand Meat Producers' ' Tto t r< j advises that the following are the .. i average prices realised , tbe W eek. based on actual, trans- ' I actions of wholesale quantities of the -■ descriptions of meat mentioned, and are ! for representative parcels of tbe goods i offering during the week, being for business done on the basis of delivered ■ f 0 Smithfleld Market and/or ex Lon- , d %rices S for the two previous weeks t «re also shown.) 3 Mar. Feb. Feb. f 6. 23. 21. s Per lb. | / d. d. d. i N.Zv Sheep—--1 Canterbury & North f Island selected , I crossbred wethers

Lamb Market—Weaker. There is good demand for lightweights, but generally demand and prices continue to be affected by heavy supplies of Homekilled meat and low prices chilled beef. Mutton Market—Lightweight wethers unchanged, but other descriptions slightly easier. Ewes: Market quiet but firm. Beef Market—Frozen beef supplies continue short with prices more or less nominal. New Zealand Porker Pigs—Prices have declined sharply owing to large supplies of Home-killed selling at down to 6Jd, affecting demand for frozen. New Zealand Baconer Pigs—Market quiet and unchanged. RETAIL PRICES IN LONDON The New Zealand Meat Producers’ Board has been advised by its London manager that the following retail prices were being quoted for New ' Zealand lamb and mutton retailed in London during February, 1930. These prices represent a fair average of the prices quoted by the better-class shops In London for the best quality of New

ADVICE I The Bank of New Zealand has re--3 ceiyed the following advice from its I London office as at the close of bUsi- ' rie.?s this week;— • ‘ i The market for wethers is quiet and i. unchanged. Trade in ewes, is quiet but 1 firm. There is a good demand for % lightweight lambs; the market is | Weaker for heavyweights. The marI ket is expected to decline and trade

: , r WAR LOAN STOCK LONDON, March 7. f British 34, per cent, war loan atocK If quoted at £lO7 3s Cd

DAIRY PRODUCE

BUTTER MARKET SLOW SOUND. CHEESE PROSPECTS .The *New Zealand Dairy Board has received the. following market report from its London office, dated March 6: Butter New Zealand —Salted 86s up to 87s (last Week 88s up to 89s) (equals approximately 10.04 d f.0.b.); unsalted 62s to’94s (95s to 965). Australian—Salted 83s up to 87s (last week 87s to 88s): unsalted 90s to 92s (945). ’ Market slow-' New Zealand retail price reduced to lid. ' x Argentine, unsalted 83s to 92s (last week 945); South Africa 82s to 85s (84s to 87s); Danish, 109s f.0.b., 128s to 130s spot (114s and 1355); Dutch, unsalted 90s to 101s (87s to 109s); Polish. salted 85s to 83s (85s to 88s), unsalted 85s to 87s (90s). Market slow. Danish retail price unchanged at Is 4d. . Cheese New Zealand, white 49s to 50s (last week 50s to 51s) (equals approximately 5.33 d f.0.b.); coloured 52s 6d to 53s up to 54s (54s to 555) (equals approximately 5.74 d f.0.b.). Australian, ‘white 48s to 49s (last wee!*: 49s to 50s), coloured 50s to 52s (52s to 535); Canadian, white 60s to 64s (80s to 645), coloured 62s to 63s (63s to 645), old season’s white 66s to 68s (66s to 68s); English, finest farmers 96s to, 106s (96s to 106s), factory 48s to 56s (48s to 545). Market slow. New Zealand retail price 6d and 7d. , . The London office of the board also reports as follows: — Butter—Consider February consumption been reduced, but market should not recede further meantime. April imports will exceed consumption substantially, and lower retail price then necessary. Cheese—Supplies in sight not excessive. There is evidence of tendency for Home factory cheese make to decrease, but English farm cheese increasing compared with last year. We consider future position of this market sound. The minimum f.o.b. prices for period to March 7 until further notice are:— Butter, IOJd less 1$ per cent, commission (83s 5d ci.f.e.); cheese, s§d less H per cent, commission (49s 7d c.Lf.e.). SKINS AND HIDES WELLINGTON MARKET A further advance in prices of sheepskins and hides was made at the sale held on Friday by the Wellington brokers. Sheepskins—Smaller catalogues were offered. There was an exceptionally strong demand lor all descriptions, prices being id to id better than late rates. Pelts sold particularly well at prices id better. Only a few salteds were offered. . Hides—Exporters and tanners 9perated freely op all lots . submitted, values appreciating on well-condi-tioned lines. Heavy ox 3d higher, lights and mediums fully par, cow heavy id better, lights and mediums easier. Calf sold at about last sales values. Tallow—The market declined further, exporters operating sparingly. As compared with previous rates, prices were lower by la to Is 6d per cwt. The range of prices is as follows: Dry Sheepskins—Fine crossbred, 9Jd to 12d per lb;, medium crossbred, Md to 10d; coarse crossbred, 7d to Bid; half-wools. 6d to 9*d; quarter-wools, 63d to Bfd; pelts, B£d to 7fd. - Salted Skins—Quarter-wools, 2s 3d to 3s 7d each; lambs, 2s 4d to 3s. Hides—Ox, 331b to 441b, sid to 6Jd per lb; 451b to 521b, 8W to 7id; 531b fo 591b, 6Jd to 83d; 601b to 691b, 9id; 701b and over. 9Jd; cow. 331b to 391b, s|d to 6Jd;*4olb to 481b, sgd to 6Jd; 491b and over 4|d to 6fd: kip, 251b to 321b, 3|d to 6*d; 171b to 241b. Sid to 7|d; yearling. 111b to 161b, 6id toß|d; calf, 91b to 101b. 9d; 61b to 81b, 9id to 133 d, 11b to 51b, 9d to 13|d, Tallow —In casks, etc., 21s to 24s 6d a cwt; in tins. 16s 6d. Sundries—Cow tails, Hid a dozen. Horse hair, 18id per lb. IMPERIAL TOBACCO DIVIDEND, 24 PER CENT. With a final dividend of 7i per cent., and a bonus of 9 per cent., a total distribution of 24 per cent, is being made by the Imperial Tobacco Company (of Great Britain and Ireland) on its £37,492,625 ordinary stock for the year ended October 21, 1935. This compares with 22i per cent, paid in the previous year and 20 per cent, for 1932-33. In 1933-34, the profits were £9,594,976, but the last year’s figures are not yet available. However, the fcxtsa 1J per cent, dividend involves a sum of £562,389, and the company Is placing £500,000 (against nil) to reserve. Allowing for the fact that the carry forward is now reduced by about £IOO,OOO, whereas last year it was raised by rather more than £300,000, the profits would appear to have increased by upward of £600.000. BONDS HOSIERY MILLS DIVIDEND DECLARED (PE»SB ASSOCIATION TELEOUAM.) WELLINGTON, March 7. The directors of Bonds Hosiery Mills (N.Z.), Ltd., will recommend to the annual meeting payment of a dividend of 4Jd a share, amounting to £834 7s 6d. SHARLAND AND CO. INTERIM DIVIDEND (PBSSS ASSOCIATION TELEGRAM.) WELLINGTON, March 7. The directors of ShaHand and Company have decided to pay an interim dividend of 2i per cent. ' [The dividend paid last May (preference and ordinary) was 2J per cent., and In November the same amount. The capital is £37,500 in .preference shares, nnd £87,500 in ordinary. Net profits last year were £7906, and the amount at reserve at last balance ’ was £18,128.3 HUNDRED PER CENT.' DIVIDEND i F. W. Woolworth and Company, London, recently announced record profits and*a record dividend for. the last y Nei profit soared to nearly £5,300,000, more than £400,000 up oil the year. Dividend and bonus were raised to 100 per cent. (5s a share), compared with 4s for 1934. The carry-forward alone now exceeds £6,509,000. The 5s shares sold in London at U9s on the announcement of the year’s result.

MINING

■ MOLYNEUX DREDGES launching of pontoons delayed [THE PRESS Special Service.] DUNEDIN, March 7. Enquiries made by telephone at Alexandra to-night show that the Molyneux river is at present three inches fewer than it was on February 28. The effect of this position is that the likelihood of launching the dredge at Alexandra in the near future is remote and as the level of the river at Clyde is substantially the same, the dredge there is in much the same situation. It is estimated unofficially, but probably with a reasonable • degree of accuracy that a reading of at least nine feet is required on the gauge at Alexandra before any hope could be entertained of launching the dredge. On March 6 it was sft Sin. Only exceptionally heavy rains on the high country of the river watershed would produce sufficient rise for the dredges to be floated and there seems to be little likelihood of their launching before next spring, when the melting of show may be expected to bring about the desired fresh in the river. ARGO RETURN The following is the return for the week ending March 7:—Yield. 570z: hours dredge 127, yards treated 12,000. GILLESPIE’S BEACH (PRESS ASSOCIATION TELEGRAM.) DUNJSDIN, March 7. The Gillespie’s Beach return is 440z 18dwt for 133 hours. MAORI GULLY (PRI3B ASSOCIATION TELEGRAM.) GREYMOUTfit, March 7. The Maori Gully return is 270z Bdwt for 124 hours. GOLDEN SANDS f (PRESS ASSOCIATION TELEGRAM.) GREYMOUTH. March 7. The Golden Sands return is 50cz 2dwt for 34 shifts of eight hours each. ADDISON’S FLAT (PRESS ASSOCIATION TELEGRAM.) WESTPORT. March 7. The Addison’s Flat return for the fortnight ended Max’ch 3 is 390z 14dwt for 38 shifts. MOSSY CREEK (PRESS ASSOCIATION TELEGRAM.) GREYMOUTH, March 8. The Mossy Creek return was 63 ounces Bdwt from 9670 cubic yards dredged in 127 hours. MAHAKIPAWA GOLDFIELDS The directors of Mahakipawa Goldfields, Ltd,, advise that the operations at the new shaft have been sunk by the tribute party to a depth of 42ft but as yet no results of a payable nature have be*>n obtained. Permission has been given to the tribute party to continue sinking operations with a view to testing out the bottom lead south of Craig’s shaft. EIG RIVER REPORT The report for the week ending March 5 states: — Repairs to the main shaft between Nos. 4 and 5 levels are proceeding satisfactorily, good- progress being made. Half a dozen level sets have been renewed in No. 1, or Adit level, and repairs are being effected to the slopes on the south reef above No. 4 level. PADDY’S POINT RETURN The secretaries of the Paddy’s Point Gold Mining Company, Ltd., report a wash-up of 440z as the result of four weeks and five days’ sluicing. Operations on the freehold property at Paddy’s Point have now been discontinued, and the pipeline and plant are being changed over to the special alluvial claim held by the company on Waitahuna Flat. NEW RIVER DREDGING COMPANY’S REPORT The supervisor for the construction of this company’s dredge reports that the deck planking is complete and the gantry and gearing sunoorts and top tumbler are all in position, and at his time of the inspection the crown wheel was being fitted to the tumbler shaft. The engine is ready to be placed on board. The supervisor is very pleased with the solid foundation prepared for the engine. AUSTRAL MALAY DIVIDEND Austral Malay Tin, Ltd., hasdeclared an interim dividend (No 40), of 6d sterling a share. The previous distribution was an 'lnterim dividend of 6d a share and a bonus of 6d a share sterling, paid on December 6. ELECTROLYTIC ZINC COMPANY The secretary reports thatthemill at Rosebery. Tasmania, restarted on Monday, February 24, and has continued to run smoothly on approximately two-thirds load. Dispatch of 3S andlead concentrates has commenced. BRITISH TREASURY BILLS EXCESS APPLICATIONS (BRITISH OFFICIAL WIRELESS.) * HUGBY. March 7. A total amount of dK55.645.0(M1»aa annlicd for In tenders for £45,000,000 Treasury bills. The maximum amount was allotted in bills at months at an average rote per cent, of 10s 5.08 d. LONDON. MARKETS LONDON, March 7. Friday’s closing .prices were:— Cotton—Spot 6.12 d per lb. April 5.83 d. Rubber— Para 81 d per lb, plantation, 1 Sn £l9 8s l|d Copra— March : April, South Sea, £l2 7s 0d a ton, . Turpentine —£2 4s per ev/t.

STOCK EXCHANGES

CHRISTCHURCH SATURDAY'S TRANSACTIONS There was a moderate turnover on call on Saturday morning and markets generally were firm at late rates. Transactions, exclusive of vestibule business were:— LISTED STOCKS

UNLISTED STOCKS Sale on ’Change 25 Woolworths (Sydney) „ . (ord.) .. • • 612 6 Miscellaneous Union Bank of Australia were easier at £9 16s 6d, closing quotations Is on either side. _ .' A parcel of United Building Society shares changed hands at 21s 6d, cum dividend, market plosing 21s 4d buyers. 21s 6d sellers. New Zealand Breweries were fractionally firmer at 52s 3d, and there were further sellers at 52s sd, buyers at 525. Timaru Brewery, 7s. 6d paid. 2s 6d called, remained unaltered at 12s. Tooth’s Brewery shares eased to 53s 3d and there were further sellers at 53s 6d, buyers at 53s Id. Anthony Hordern were steady at 20s 3d, closing quotations Id on either side. Australian Glass were firmer on buyers’ offers 82s lid. British Tobaccos showed little variation, with dealings at prices ranging from 41s 6d to 41s 9d, market closing 41s 6d buyers, 41s 7d sellers. Broken Hill Proprietary recovered to 5Ss 9d, closing quotations 59s 6d buyers, 59s 7d sellers. Consolidated Brick were fractionally firmer with buyers and business at 10s Bd. Dunlop Rubbers were steady at 14s Hd, market closing .Id either way. of Electrolytic Zinc ordinary raised their bids to 38s 7d. Mount Lyells were firm with buyers and business at, 24s 4d. Mount Morgans moved up a point to 16s 2d, market closing Id on either side. Unlisted Stocks Woolworths (Sydney) ordinary advanced to £6 12s 6d, buyers staying in at that figure, sellers at £6 15s. LATEST QUOTATIONS

UNLISTED STOCKS All transactions in stocks quoted in this section are subject to a different rata of brokerage from listed stocks and are not quoted on the official list.

SYDNEY

FOREIGN EXCHANGES

(BRITISH OfFICIALi WIRELESS.)' RUGBY. March 6.

FOREIGN EXCHANGE RATES

f and maiden ewes: t 481b and under 55 55 55 1 48 to 561b .. 54 1 ■ 57 to 641b .. 42 58 58 45 45 65 to 721b ., 4j 43 43 i North Island: ? > 48 to 5611? .. 54 58 5| 57 to 641b .. 4f 43 45 ; 65 to 721b .. 4i 48 48 Ewes — 1 481b and under 4| 48 44 48 to 641b .. 3g 35 38 ‘ 65 to 721b .. 3i34 34 I N.Z. Lambs— t Canterbury— ' ■ 361b and under 7i 7g» 78 ' : 37 to 421b .. 7 74 74 ; 1 43 to 50 .. 6g 63 7 ! Second quality: Average, about 3lib ..7 74 . 74 North Island Downs— \ 361b and under 74 74 73 ! 37 to 421b .. 7 74 74 . 43 to 501b ' .. 6| 63 7 ; Second quality: Average, about 301b .. 71 74 7f ; North Island— fhst Quality: 301b and under 7 74 74 37 to 421b .. 65 74 71 ’ Second Quality: Average, about 311o .. 65 7 74 Australian Lambs— Victorian: First quality: 361b and under 6| 63 65 37 to 421b .. 6J 64 64 Argentine Lambs— First Quality: 361b and under 68 64 m 37 to 421b . 55 6 6 N.Z. Frozen BeefOx hinds, 145 to 2101b .. 45 44 44 Ox fores, 145 to 2101b .. 2| 2| 28 N.Z. Chilled BeefOx hinds, 145 to 2101b .. 38 33 4 Ox fores, 145 to 2101b .. 28 ■ 24 24 Argentine Chilled Beef— • Ox hinds, 145 to ' , 2101b .. 44 ■ 48, . 4| ’ Ox fores. 145 to ■f 2101b .. 3 34 3 , Uruguayan Chilled BeefOx hinds, 145 to 2101b ... 45 44 , 48 i Ox feres. 1451b to . r 2101b .. 23 3 ' 21 1 rr2i ,f an Chilled Beef— .. ’ O.i h ; nds. 145 to 2101b .. S3 33 4 t Cx fores,. 145 to 2101b .. 24 25 5 24 /.ustre’irn Frozen BeefOx hnr’s. 145 to 2101b i. 4f 44 . 44 r . Ox crops, weights i / - corresponalng’~2J~~ Australian Chilled Beef— i ” 23 •; k { Ox hinds, 145 to 2101b t J .. 1 - : Ox crops, weights corresponding 2a .. Union of South Africa Chilled Beef— Ox hi'da. 145* to ‘ > 2101b .. — '33 , <)X fores, 146 to 210’b .. — 28 . Southern Rhodesian Chilled. BeefOx hinds, 145 to 2101b ..34 34 38 Qx 'ores, 145 to 2101b . 24 21 24 K.Z. Porker Pigs— First QuaMty: 60 to 801b .. 58 64 64 81 to 1001b .. 54 54 6 101 to 1201b .. 54 53 53 N.Z. Prime Baconer Pigs— 121 to 1601b .. 5f 58 58

Zealand lamb and mutton: — New Zealand Lamb— Per lb. d. Legs .. 12 Shoulders .. 11 Loins .. 11 Necks fl Breasts .. 3 Forequarters 8 Hindquarters . • 11 New Zealand Mutton (Wethers)— Legs .. 9 Shoulders 8 Loins .. 8 Necks *.. 3 Breasts 2 BANK OP NEW ZEALAND

s generally is slow: ■ per lb. Per lb. ? ■- • d. v d. ■ Wethers, light .. 43 to S| \ \ Wethers, heavy ., .34 to 44 1 '■ Ewes ., 3 to 44 1 Lambs, 2's .. 7 to 7| « Lambs, 8’s 6| to 7 f. . Lambs, 4’s .. 64 to 6* * / Lambs, seconds .. 61 to 74

gales on/Change £ s. d. 50 N.Z. Breweries 2 123' 50 Tooth’s Brewery 2 13 «5 o 100 Anthony Hordern/ 1 o O 150 British Tobacco (cum f* div) 2 1 2 i D 7 100 Consolidated Brick . 0 1(J 8 100 Dunlop Rubber 0 j/i H 100 Mount Lyell 1 t ** 200 Mount Morgan (2) 0 16 2 Sales Reported 50 Union Bank o'f Aust. (2) 9 16 6 100 Timaru Brewery (7/6 paid and 2/6 call) 0 12 0 100 Anthony Hordern 1 0 3 150 British Tobacco (2) 2 1 9 100 Broken Hill Pty. 2 19 9 100 Mount Morgan 0 16 2 150 United Build. Society (cum div.) 1 1 6

Buyers. Sellers. £ s. d. £ s. d. N.Z. Govt. Debentures ,4 p.c. Ins., 1937-40 .. 101 12 6 — 4 p.c. Ins., 1952-55 .. 103 0 0 — 4 p.c. Bonds, 1940 101 15 0 — 4 p.c. Bonds, 1955 103 5 0 — 0 Rural Bonds — 103 15 Banks Australasia (cum div.. 0 £5) — 12 14 Comm, of Aust. (10s) 1 0 4 1 0 5 Comm, of Aust. (pref., 6 £10) 9 5 0 9 10 Comm, of Sydney (£12 21 10s) 20 15 0. 5 0 E., S., and A. (£3 pd.) 6 3 6 6 5 0 National of A/asla 0 (£5 paid) 7 12 6 7 15 National of N.Z. (£2 10s) .. » •• 3 15 0 — New South Wales (£20) 34 10 0 — New Zealand (£1) 2 6 0 2 7 6 Reserve (£5) 5 18 6 5 19 0 Union of Aust. (£5) .. 9 15 6 9 17 6 Insurance National (16s) __ 0 19 2 New Zealand (£1) — 3 3 3 Queensland (£1) 2 13 3 — South British (£1) .. — 4 13 6 Loan and Agency Dalgety and Co. (£5) 9 5 0 9 14 0 Goldsbrough, Mort (£1) — 1 13 0 Mort. Corpn. (5s) .. — 0 4 7 N.Z. Loan and Mercantile (ord., £100) 29 0 0 — National Mortgage (A) (£2) 2 11 0 — N.Z. Guarantee Corpn. (3s) — 0 5 11 United Build. Society 6 (cum div., £1) 1 i 4 1 1 Wright, Stephenson 18 0 6 (pref., £1) .. 0 0 1 Shlppln 3 New Zealand (pf„ £10) 11 5 0 — Frozen Meat Canterbury (£7 10s) .. — 10 15 0 Canterbury (pref,, £5) 1 — 6 0 0 N.Z. Ref rig. (£1 pd.) 0 2 —* N.Z. Refrig. (10s paid) 0 9 8 0 9 10 Southland (£1) 3 14 0 — North Canty. (£3) — 1 16 0 Woollens Kaiapoi (17s paid) .. — 0 15 3 Kalapol (7s paid) 0 5 7 0 6 3 Kaiapoi (pref., 17s) .. 0 17 0 — Mosglel (£4) .. ,. 10 10 0 — Coal Westport (10s) 1 3 0 Stockton (10s) 0 1 0 0 1 9 Stockton (pref., 10s) .. 0 1 0 0 2 4 Oas Auckland (£1) 1 5 7 1 5 9 Christchurch (£1) — 1 15 6 Christchurch (10s pd.) — 0 17 3 Timaru (£1) .. .. — 1 2 6 Tlmaru (5s paid) — 0 8 6 Breweries 0 Carlton (£1) — 2 14 Dominion (£1) 1 0 0 —? Monteiths (10s) 0 18 6 New Zealand (£1) .. 2 12 0 2 12 3 Staples (£1) 1 14 0 1 16 0 Tlmaru (7s 6d paid and 2s 6d call) 0 11 0 •— 6 Tooths (£1) 2 13 1 2 13 Tooths (rights) 1 11 6 — White Star (£1) — 0 10 0 Miscellaneous Anthony Hordern (£1) 1 0 2 1 0 4 Amal. Wireless (con.. £1) — 1 16 9 Aust. Glass (£1) 4 2 11 4 3 6 British Tobacco (c.d., £1) 2 1 6 2 1 7 Beath and Co. 1 8 8 1 10 0 Broken Hill Propty. (£1) 2 19 6 2 19 7 Broken Hill Propty. (con., 3s 4d) — 1 15 6 Colonial Sugar (£20) 42 17 8 — Consolidated Brick (£1) 0 10 8 0 10 11 Dominion Build. Supplies (10s) 0 5 7 0 6 3 Dunlop Rubber (£1) .. 0 14 10 0 15 0 Electro. Zinc (ord., cum div., £1) 1 18 7 1 19 3 Evans Atlas Flour (10s) 1 2 0 1 8 0 Holden’s Airways (£1) 1 7 0 1 13 6 G. J. Coles (£l) 3 12 9 3 13 0 Greater Crystal Palace 6 (£1) 0 9 6 0 10 Henry Jones Co-op. (£1) 1 18 9 1 19 6 Hays, Ltd. (15s paid) .. — 0 16 9 Hume Pipe (Aust.) (cum div., £1) 0 16 11 0 17 2 Kauri Timber (25s) .. 1 3 10 1 4 0 Mason, Struthers (10s paid) 0 6 6 Morris, Hedstrom (£1) 1 3 9 ■— N.Z. Drug (£2) 3 15 0 3 19 0 N.Z. Farmers’ Co-op. (£2 10s paid) N.Z. Farmers’ Co-op. 0 18 0 — (10s paid) — 0 2 0 N.Z. Farmers' Co-op. ("A” pref., £4) 2 10 o' — N.Z. Farmers Co-op. (“B” pref., £4) N.Z. Farmers’ Co-op. 2 0 0 —- (44 p.c. Stock, 1940) (£100) — 92 5 0 N.Z. Farmers’ Co-op. (44 p.c. Stock, 1945 93 0 0 and 1944) (£100) — N.Z. Newspapers (£1) 1 17 0 1 18 0 Procera Bread (10s) .. — 1 7 6 Procera Bread (vendor 6 shares, 10s) 0 12 1 1 7 Quill, Morris (1936) 17 (£1) 0 0 0 19 3 Simpson and Williams (£1) — 1. 6 0 United Provisions 0 13 0 0 14 2 Weeks. Ltd. (£5) 8 5 0 8 15 0 Whltcombe and Tombs (£2 10s paid) — 3 16 0 Wilson’s Cement (10s) —• 2 1 0 Woolworths (N.Z., ord.. £1) 5 3 0 5 10 6 Woolworths (Sydney), 6 (2nd pref.. £11 '— 1 5 Woolworths (Victoria) (pref., £1) — 1 10 0

Minins Buyers. Sellers. £ s. <L £ s. d. Alexander .. .. 0 18 0 Alexander (15s paid) 0 9 0 0 12 0 Antonio’s Hydraulic (is) 0 0 7 0 0 9 Aotearda (Is) — 0 1 4 Barrytown (£1) *■ ' — 1 5 0 Big River (Is) .. 0 1 6 0 1 8 Brian Born (Is) 0 0 2J 0 0 3 Central Shotover (1$) 0 0 1 - — Bundi (£1). ■ 0 11 0 015 9 Goldfields Dredg. (Is) 0 0 4i 0 0 43 King Solomon (Is) .. 0 3 2 0 3 3 Lawspn’s Flat (Is) ... 0 0 2| 0 0 3J Maerewhenua (Is) ,. 0 0 U 0, 0 2 Mahaklpawa (6d) .. .■ ~ 0 0 X Mahaklpawa (1929'pf., Is)' •• — 0 0 23 Mahaklpawa (1030 pf., Is) — 0 0 2i Maori Gully (cum div., Is) 0 0 lOi 0 1 0 Mossy Creek (Is) 0 1 3 Mount Lyell (£1) 1 4 4 1 4 5 Mount Morgan 0 16 1 0 16 3 Mt. Morgan (rights. 2s 6d) 0 5 6 0 5 9 Nevis Diesel Electric (Is) .... 0 0 n Okarito (5s) .. 0 4 6 0 5 0 Rawang Tin (cum div.. and bonus, 10s) 0 S 6 Upper Watut (Is) 0 0 23 0 0 3 Upper Shotover (lOd ' paid) .. .. — 0 0 3 Walmumu Sluic. (Is) — 0 06 Waitahu (5s) — 0 2 7 Wetherstones (Is) .. — 0 1 0 Worksop Ext. (Is) 0 1 9 0 2 X

Buyers. Sellers, £ s. d. £ s. d. Argo Gold Dredging 0 1 2 0 1 Assoc. Motorists Petrol (pref.) .. .. — 1 6 9 Aust. Invest. Trust (£1 paid) .. .. 0 4 0 — Emperor Fiji ,. 0 11 0 — Canty. Roller Flour .. 0 4 9 0 9 6 N.Z. Mining Invest. — 0 0 8 N.Z. Perpetual Forests 2 10 0 3 0 6 Smith, Wylie .. — 0 12 3 Were’s Invest. Trust 0 5 3 — Wool worths (Sydhey) (ord.) .. .. 6 12 6 6 15 0 White’s Electric .. 0 0 7i AUCKLAND Sales on ’Change £ S. d. Govt, Stock, 1940, 4 p.C. 102 0 0 Govt. Stock, 1949, 4 p.c. 103 17 6 Auck'and Transport Stock, 194452 105 0 0 Comm. Bank of Aust. 1 0 3 1 0 4 Reserve Bank 5 18 0 Union Bank 9 17 0 Fanners’ Trading (B pref.) 0 15 9 G. J. Coles 3 13 0 Union Oil 1 10 0 Nevis Diesel 0 0 Unofficial List Woolworths (West Australia) •• 9 15 0 WELLINGTON Sales on ’Change E S. d. 4 p.c. Ins. Stock. 1949 103 17 6 Comm. Bank of Aust. (late Frlday) 1 0 4 Bank of New Zealand 2 7 4 N.Z. Refrigerating 1 0 3 Pukemiro Coal 1 3 9 Anthony Hordern (late Friday) 1 0 6 Brian Boru (late. Friday) 0 0 2J DUNEDIN Sales on ’Change £ d. Bank of New Zealand 2 7 3 N.Z. Breweries (late Friday) 2 12 0 Mount Lyell (late Friday) I 4 4 5 0 Upper Watut •• 0 7 3

Commonwealth Bonds — 1 . £ S. d. 33 per cent., 1949 .. , .. 96 15 0 4 per cent., 1038 . 101 18 9 4 per cent., 1941 ..102 0 0 4 per cent., 1947 .. . 103 IS 0 4 per cent., 1953 .. 102 10 0 4 per cent., 1957 . 102 15 0 4 per cent., 1959 ..103 6 3 Comm. Bank of Australia .. 1 0 10J Bank of New South Wales .. 35 17 6 Australian Gas (A) .. 7 14 6 Toohey'a Brewery , .. .. 1 13 3 Tooth’s Brewery .. 2 13 9 Anthony Hordern 1 0 n Australian Glass 4 3 9 British Tobacco ..2 1 9 Broken Hill Propty. .. 3 0 0 Henry Jones .. 1 19 0 Mllliquln Sugar .. 1 18 0 Morns, Hedstrom . 1 5 0 Wilcox, Mofflin .. 0 11 7 Associated News .. 12 6 Broken Hill Propty. (second instalment paid) 1 ie 0 Henry Smith 0 17 3

Par. Mar. 5. Mar. 6. Paris, fr. to £1 124.21 7453-64 7451-64 New York, dol. to £1 4.866 4.98 15-16 4.994 Montreal, 4.982 4.082 dol. to £1 4.866 Brussels, belgas to £1 25 29.241 29.252 Geneva, fr. to £1 25,2215 15,12 , 15.112 Amsterdam, 12.107 7-26 7.26 fl. to £1 Milan, lire to £1 94.26 621 62 3-16 Berlin, relch12.28 12.272 marken to £1 20.43 Oslo, kr. to £1 18.159 — — Stockholm, 192 19J kr. to £1 18.159 Copenhagen, kr. to £1 18.159 22.392 22.392 Vienna, schgs. 262 202 to £1 34.585 Prague, kr. 1192 1192 0 1 164.25 Helsingfors. 227 227marks to £1 193.23 Madrid, pesetas 362 36 3-32 to £1 25.2215 Lisbon, escu1082 1082 dos to £1 110 Athens, drach 515 ■ 516 to £1 873 Bucharest, 669 669 lei to £1. 818.6 Belgrade, 21.6 21.6 * dinars 25.2215 Eio de Janeiro, pence to 41 41 mllrels 4.899 Buenos Aires, pence to dol. 47.59 — . — Montevideo, 39 9-16 pence to dol. 51 39 9-16 Bombay, pence 181 to rupee 19 181 Shanghai, 142 144 pence to dol. * Hong Kong, 15 11-16 pence to dol. * 15 11-16 Yokohama, 14 1-64 pence to yen * 141-64 Batavia, 7.232 7.232 guilders 12.107 Warsaw, par 26.21 zlotys to £1 43.38 26.21 ♦Determined by price of silver.

The Bank of New South Wales, Christchurch, quoted the following rates as ruling on Saturday for its sales anq nurchases of foreign exchange. The rates are subject to alteration without notice;— Buying. Selling. London— £ N.Z. to £100 6tg. T.T, 124 124/10 O.D. 123/10 124/8/9 Australia— £ A. to £100 N.Z. T.T. 101 100/10 O.D. 101 100/10 Fiji— £ F-, to £100 N.Z. T.T. 90/7/6 89 O.D. 90/7/6 89 New York— Dol. to £1 N.Z. T.T. 4.03J 4.008 O.D. 4.05 4.008 Montreal — Dol. to £1 N.Z. T.T. 4.038 3.998 O.D. 4.048 4.00g Austria — Schgs, to £1 N.Z. T.T. — 20.68 O.D. — 20.70 Belgium— 1 Belgas to £1 N.Z. T.T. — 23.365 O.D. — 23.376 Czechoslovakia — Crowns to £1 N.Z. T.T. — 94.74 O.D.— 94.79 Denmark — Kroner to £1 N.Z. T.T. 18.203 17.893 O.D. 18.263 17.903 France— Francs to £1 N.Z. T.T. 60.64 59.81 O.D. 61.09 59.85 Germany— Relchmarks to £1 N.Z. T.T. — 9.789 O.D. — 9.794 Holland— Florins to £1 N.Z. T.T. 5.934 5.784 O.D. 5.994 5.788 Italy— .i ■ Lire to £1 N.Z. T.T. — — OJD. — —