FARM & COMMERCIAL

Dominion, Volume 19, Issue 76, 22 December 1924, Page 10

FARM & COMMERCIAL

NEWS AND NOTES

AUCTION SALES TO-DAY. Sales will be held at:— — Johnsonville, 2 p.m. — Stock sale. 8 Willeston Street. Wellington, 1 p.m. —Sale of English chocolates (E. Johnston and Co.). TO-MORROW. Raetihi, 2.30 p.m. Sale of 580 acre proparty, 7 miles Iroin Raetihi (Freeman, it. Jackson and Co.). ■; FARMING INTERESTS HIGH WOOL VALUES ESTIMATE OF AUSTRALIAN CLIP GREAT YIELD EXPECTED Sydney, December 30. The “Sydney Morning Herald,” referring to the present high values of wool, says that the wool sold in Sydney to the end of the first half of the current season totalled 300,0110 bales, of an estimated value of £14,000,000. In ile second half of the season. 415,000 bales would bo offered, of an estimated value of £16.600.000. making a record lor a New' Soutn Wales clip. For Australia as a whole, the estimiited year’s clip is about 2,1(10,000 bales, which, at a selling price of about £4O a bale, will yield £84,000,000. This total far exceeds in value any previous clip.—Press Assn. 0 OFFERINGS AT DUNEDIN. By Telegraph.—Press Association Duned'n, December 20. Twenty tho.usanl seven hundred and thirty-seven bnl’s will be > ff. reu at the wool sale opening on Monday. LONDON SHEEPSKIN SALES INCREASE ON NOVEMBER PRICES. London, December 19. At the sheepskin sales 3355 bales were offered, and most were sold. 'Merinos wore at par to 5 per cent, above November prices. Fine crossbred were from 5 to 10 per cent, better,, while others were fully 10 per cent, better.—-A us.N.Z. Cable Assn. LIVE STOCK FROM DOMINIONS BRITISH BILL TO PERMIT IMPORTATION. (Rec. December 21. 5.5 p.m.) London, December 20. The Government has introduced a Bill in the House of Commons to .permit (lie importation of pedigree cattle, sheep, goats, and swine from the Dominions. — Aus.-N.Z. Cable Assn.

MEAT FOR WAR OFFICE TENDERS TO RE INVITED. (Rec. December 21, 5.5 p.m.) London, December 20. ' 'l’hc Australian Meat Council learns that the War Office will, invito tenders for the supply of a million and a half twelve-ounce tins of corned beef on March 19.—Aus.-N.Z. Cable Assn. FROZEN MEAT LONDON QUOTATIONS. (Rec. December 21, 5.5 p.m.) London, December 19. Sheep. Argentine, light, BRI. per lb.; medium, B}d.; heavy, 7Jd.; ewes, 7d. Lambs. Australian, firsts: Victorian, 122'1.; cithers, 12?.d. Seconds: Victorian, 121-d.; ethers, 12d.; thirds, Is. Argentine, firsts: Light. 121 d.; medium, Hid. Seconds, 10? d. Frozen Beef. New Zealand l fores. 4>d.; hinds Md. Australian, crops, 4Jd.; binds, ,5Ja. Argentine, binds. 5JdUruguayan, hinds, sd. ' Chilled Beef. Argentine, fores. 4 jd.: hinds GJd. Uruguayan, fores. 41d.; hinds, 5Jd. Other meats arc unchanged.—Aus.-N.Z. Cable Assn. MEAT BOARD ADVICES. The New Zealand Meat Producers’ Board has received the following cablegram from its London office dated December 19, advising Smithfield delivered prices at that date as follow (prices lor the two previous weeks are also shown):— New Zealand Wethers and Maidens.— Canterbury quality, selected brands, 561 b. and under. 9d. per lb (9d. and 9d.); 5,1 b. to 641 b., 9d. (9d. and 9<D; 651 b. to 721 b., B.}d. (B'd. and 81d.). Othw brands, 561 b. and under, 83d. (SRI and 83d.); 571 b. to 611 b.. Bid. (B’.d. and 8ld.); 6olb. to 721 b., Bid. (B’d. and Bid.). New Zealand Ewes.—64ib. and under, 71(1. New Zealand Lamb- —Not quoted. New Zealand Beef—Ox fores, 44d. (43(1. and 4|d.);,ox hinds, 5Jd. (s|d. and 52d ). Cow fores and hinds, not quoted. Argentine Chilled Beef.—Ox fores, 4|d. (4jd. and 4jd.)'; ox hinds, Gfd. \6|d. and Argentine Frozen Beef. —Ox fores,. 4|d. (4?d. and 4jd.); ox hinds, bod. (s?d. and 5 3 d.). Frozen Pork. —801 b. Io 1201 b., B|d. (9d. and 9d.); 1201 b. to 1801 b., Epi. <Bsd. and Ernzen Veal.— 4.R1. (4Jd. and lid.). Messrs. levin and Co., Ltd., have received the following cablegram from their London agents, dated December 19: As compared with last week’s quotations, the market is unchanged except fpr beef, which is id. per lb. lower; market quiet with little business doing on account ot the holidays. PRICES OF FAT STOCK FOR EXPORT The New Zealand Meat Producers’ Board advises that the following prices were being offered on December 18:— Auckland. —Prime woolly lambs: 421 b. and under, lid.; 431 b. and over, IOJd.; second quality lambs. lOld. Hawke’s Bay—Wethers, 641 b. and under. 8(1.; prime woolly lambs, 421 b. and under 12d., 431 b. and over Hid.; second quality lambs, lljd.; prime ox beef, 30s. per 1001 b.; good cow beef, 235. per 1001 b. wethers, 561 b. and under 81d., 571b..t0 641 b. Bd., 651 b. to 721 b. 71d.', 731 b. and over 6d.; prime woolly lambs. 421 b. and under 12d., 431 b. and over Hid.; second quality lambs, Hid. WAIRARAPA P. AND A. SCIETY (From Our Special Correspondent.) Carterton, December 20. The monthly meeting of the Wairarapa P. and‘A. Society was hold on Saturday at Carterton,. Mr. J. G. Oates presiding. The statement of finances showed the bank overdraft to be £2914 4s. 9d., plus deposit £lOOO, total £3914 4s. 9d. Receipts since last meeting £760 6s. 6d. Accounts paid since last meeting £136 ss. Id. Accounts presented for payment £72 3b. 2d. The Carterton Borough Council granted a rebate of £5 in the water rate. Mr. E. D. Martin, Martinborough, donated prize money £5, and Mr. Fred, Selby (Dannevirke) his show takings. These donors were accorded ,a vote of thanks. Mr. T. Moorcock, Carrington, offered £5 towards a new trophy for the but-ter-fat competition, which was accepted with thanks. The superintendent, Mental Hospital, Porirua, notified that representations had been made to the Government with a view to obtaining authority to redonate the Walker and Hall Cup recently won outright. J. Bryams, Kopuaranga, wrote in reference to being paid third prize for yearling Friesian bull, when the ticket in the pen was second prize. It was pointed out that the judge’s book gave the third award, and that a second place ticket was placed on the pen apparently in error. Further inquiries are to be made. It was decided to suggest to Mrs, H. Gillies, of Palmerston North, that the cup to be donated by her to the society for competition be won three times in succession or five times at intervals. A committee was appointed to go into the matter of securing a paddock and sheds for the butter-fat competition. A committee was appointed lo confer with the Masterton Association in regard to a Wairarapa court at the Dunedin Exhibition. The AVellinston Winter Show Committee’s cup. allotted as a points prize, was won by Mr. W; Howard Booth, of Carterton. The noints prize for cooking was won by Mrs. R. Tankersley, Carterton. and that for fancy work by Hiss Parker, of Remuera. WHOLESALE PRODUCE PRICES Messrs. T.aery and Co., Ltd., report wholesale prices as follow:—Peameal, .£9 10s.; pigmeal. £7 10s.; linseed meal, 175.; linsetxl nuts, 155.; meatmeal, for poultry. 13s. per cwt.; shell grit, 6s. fid. per 10011’.; mixed fowl feed, 7s. per bushel, sacks in; maize, whole 6s. 10cL, crushed 7s. 3d.; oats, machine dressed seed Algerians 6s. 3d., farmers’ dressed seed Algerians ss. 2d., crushed ss. 4d., feed Algerians 4s. 9d., Duns 6s. 3d. and 6s. 6d. per bushel, sacks in; oats, for fowlfeed, ss. 3d. per, bushel, sacks'in; shelled oats, for chickens, ss. 9<l. per bushel; barley seed, 6s. 9d.; feed barley, 6s. fid. per bushel, sacks in; butter, farmers’ separator and dairy, Is. Id. to Is. s<l. per lb.; fowls. White Leghorns ss. to fis. 6d., r>i„„v nn d similar varieties Bs. lo 10s. per pair; eggs, first grade, new laid. Is. fi'i. to I.s. 7'. per dozen; turkeys, Is. 2d. to Is. (id. ner lb.: geese, 13s. to 14s. ner pair; ibick“. Runners Bs. tn 10s. fid., large white 10s. io 14s. per pair; fungus. 9d. to Ild. per lb.; dressed pork, 60's to 90’s 7J<l. to Bd., sticking pigs lOd. to lid. per lb.; sucrosine, £ll per ton: chicken raiser. 19s. per 1001 b. ; chaff. Tasmanian, in bags £8 10s., in bales £7 10s. per ton; new potatoes, 13s. to 14s. per cwt.; good whole fowl wheat, Bs. and Bs. 3d. per bushel, Backs in.

MEAT SHIPMENTS FROM | SOUTH AMERICA | The New Zealand Meat Producers’ | Board has received a cablegram from its representatives at Buenos Aires, South America, advising the following shipments to the United Kingdom for thc< fortnight ended December 13, from Argentine and Uruguay:—lol,67o quarters chilled beef; 15,620 quarters frozen mutton; 55,925 carcasses frozen lamb. The quantity shipped to the Continent of Europe during the same period totalled: 139,500 quarters frozen beef, 8915 carcasses frozen mutton. DAIRY PRODUCE Messrs. Daigety and Co., Ltd., are in receipt of the following cablegram from their Loudon house dated December 19: —Butter: Since our last report (dated yesterday), prices are 2s. per cwt. lower. Price for New Zealand salted is now 2065., New Zealand, exceptional brands, 208 s. ■ STOCK SALES Messrs. Abraham and Williams, Ltd., report as follows ou the Feilding sale held ou December 19: —A very small yarding of inferior sheep came forward and sold well at late rates. The cattle yards were lull, and included some very nice lines of well-bred steers. A large yarding of fats also came forward. The tone throughout was good, most of the entry changing hands at satisfactory prices. AVo quote:—Fat ewes, 255. to 335.; fat lambs, 30s. to 355. 4d.; ewes and lambs, all counted, 15s. 6d. to 225. 6d.; empty owes, 255. 3d. to 295. lOd.; forward 2-tooths, 325.; fat cows, £5, £6, £7 12s. 6d„ £8 Ils. £9 10s. to £9 12s. 6d.; fat heifers, £5, -£6 45., £6 155., £7 12s. 6d., £B, £8 55., £8 15s. to £9 155.; store cows, 255., 305., 355., to £2; forward cows, £2 55., £2 155., £3, £4, £4 9s. 6d., io £4 195.; 3 and 4-year bullocks, £7 45.; 2-year steers, £4 10s., £5, to £5 18s.; Jersey heifers, in calf, £2 2s. Gd., A2 155., £3 10s., £4 155., to £5 155.; springing heifers, £3 12s. 6d. to £4 10s.; dairy cows, £3 35., £5 10s., £6 10s., to £l2.' Messrs. Daigety and Co., Ltd., Palmerston North, report having a small .yarding of sheep and a fair entry of 'cattle at their Feilding sale on Friday, December 19, when there was good competition, and all lines changed hands at satisfactory prices. Quotations Inght fat ewes, 265. lOd. to 28s. 2d.; cull 2fooths. 225. 6d.; fair b.f, 2-tooths, 275. 9d. • m.a. ewes, 285.. Id.; forward w.t. woolly lambs, 245. 6d.; 2-tooth wethers, 295. 7d. to 305.; fat heifers, £4 155., £6 55.. to £7; fat cows, £5, £5 ss. £s’ 18s.. £6, £6 18s. Gd.; 4-year Hereford bullocks. £8 55. ; 3-year Hereford and S.H. steers. £7 Is.; 3-year coloured steers, £5 . IDs.; 2-year steers, £4 to £4 155.; yearling steers, £2 18s.; 15-month dairy- heifers, r.w. bull, £2 55., £2 17s. '6d £3 2s. 6d. to £3 55.; forward cows, £2 17s. 6d„ £3 2s. 6d., £3 10s. to £4; store cows, to 315.; potter bulls. £4.. £4 10s.. £5, £5 55.; to £6 2s. (id. Messrs. Abraham and Williams report: There was an unusually large entry of entile at the levin weekly sale, the high prices ruling last week probably induein? farmers- to rush stock on io too market. Whatever the reason the result was a steadying of prices, store cattle showing a decidedly easier tendency. In beef, the only offerings were fat cows which also sold' at a decline on last week’s rates. Only average quality stuff was offering, best cows making to £6 15s. with others according to weight and finish. The yarding of sheep was small, but prices were well mamtained. fat woolly hoggets making to 46s Medium quality four-tooth shorn ewes with 106 per cent, of lambs made £2. Pigs were in fair supply and were slicrhilv easier than last week, more particularly tn store lines. Prices we'-e as follow:—l‘igs: Weaners, Ls. 6d. to •235.; smaller, 14s. to 16s. Gd.; stores, 265. to 355.; porkers. 38s. to £2 l.is Sheep- Prime woolly hoggets. 425. 6(1. to 465. 335. 7<l. to 385.; 4-tooth shorn ewes and lambs. £2; good conditioned shorn 2-tooth wethers, 235. Cattle: Fat cows, £5 15s. to £6 lighter, £4 to £5 95.; forward cows, £2 15s to £3 10s.; store cows, 3os. to A--5s ■ dairy cows, to £4 Hs.; 2-year heifers, £2 10s. to £’3 10s.; 2-year steers, mixed colours, £3 7s ; good yearling Jersey heifers. £2 155.; P.A. bull, JI9 9s. The New Zealand Loan and Mercantile Agency Company, Limited, Palmerston North, report:—At our Rangiotu sale on Monday we had a moderate entry of good conditioned cattle and a good sale resulted, prices in favour of vendors:—Fat eons, J’S .is. £o 10s., £5 12s. 6d., £5 16s„ to £6 2 s - • kI F f"’’’ ward cows. £3 10s., £3 155., £4, £4 10.. to £4 155.; store cows, 31s. to £_. 12s. Gd.; bulls. £4 ss. to £5: springing cows. £5 7s. 6d. to £lO 55.; springing heifers, «£4 Gd. Messrs. Abraham and Williams Ltd., report on their Marton sale on December 16, as follows: —There was a small yarding of sheep and eottje, ’ but practically everything was sold at the tollowin'c prices:—2-tooth wethers 275. to 31s 6d.: small m.s. 2-tooths. -Bs. id.; light fat ewes. 275. 9d.; cows and ealves, J? 4 3s.- fat heifers. £4 19s. tp £6 10s.; heifers, r.w.b.. £4 12s. 6d. Pigs: Weaners, 215.; porkers, 31s. to 445.; baconers, £2 ’ 7s. COMMERCHh ITEMS WELLINGTON STOCK EXCHANGE SATURDAY’S BUSINESS AND PRICES At the call on Saturday sales of New Zealand Refrigeratrn" dhares, 10s. paid, at 125.. and Burns. Philp and Company shares (two parcels), at 355. 3d. were made on ’change. A fair number of transactions were recorded during: the week, and prices were steady. Government stocks and bonds were slow, and sales were restricted. The 41 per cents, changed hands at £9/ 55., £97 is. Gd.. and £97 10s., and the 5J per cents, at £lOO ss. Business in debentures was also slow, the only transactions recorded beinn New Zealand Farmers’ Co-operative 6} iwr cent. (1932) at £B5. and Milne and Choyce at 225. 6d. Good business was done, in bank shares. Bank of Australasia cominix in for most attention, six sales being registered each at £l3 10s. National Bank shares changed hands at £G 16s. cum. dividend. Bank of New Zealand shares sold at 605., 595. 9d., and 605., and Union Bank had quittance at £l4 2s. 6d. On Saturday buyers quoted £l3 9s. for Rank of Australasia shares, £2 19s. for Bank of New Zealand.' and £l4 for Union Bank. Shares of financial companies were quiet. Business was done in Goldsbrough Mort and Company’s new issue at 485., New Zealand Loan and Mercantile ordinary stock a< C 92, and Equitable Building shares at £9 ss. National Mortgage shares were on sale at £4 Is., and Wellington Trust and Loan at £5 17s. 6d There was very little doing in insurance r.hares. Sales were recorded of New Zealand Insurance at 31s. Bd. and 31s. 6d., and there were buyers of National Insurance at £3 10s. 6d. Gas shares were quiet. Auckland Gas shares changed hands at 245. 3d., and Christchurch Gas at £7 12s. 'Wellington Gas £lO paid were on sale nt £l3 12s. 6d. Business in meat freezing shares was confined to New Zealand Refrigeratmu (lbs paid), which sold nt 12s. Id.. 12s. 2d., and 125.: the fully paid £1 shares were in demand at. 225. 9<| Therv wn's inquiry '"or Meat Fxnorl chares (£3 12s. 6d. paid), nt 345. Shipping shares were slow. Business was done in Huddart-Parker ordinary shares at 435. 9d. and 445., and in Northern Steam contributing shares at Bs. 2d. Westport Coal shares sold at 345, 9d. and 345., and AVestport-Stock-ton ordinary at 2s. 6d. and 23. sd.

Woollen shares have scarcely had a quotation during the week. On Saturday Kaiapoi Woollen ordinary eshares were on sale at 15s. Brewery shares were neglected, and no sales were recorded during the week. Jr the miscellaneous section sales were made of Dominion Rubber shares at 225. 9d., Dominion Pictures at 205., Burns, Philp and Company at 355. 3d.. New Zealand Paper Mills at 215., Wilson’s Cement at 28s. 9d., and New Zealand l’a?mers’ Co-operative 6 per cent, cumulative preference at 725. 6d. A few transact.ons in mining shares were also recorded. Kawarau Gold-mining shares were sold at 205., AVaihi at 265., and Zeehan Consolidated at os. Saturday’s buying and selling quotations were as follow: —

SALES IN OTHER CENTRES By Telegraph-—Press AssociationAuckland, December 21. Sales: Auckland Gas, 245. 6d.; Sanfords, Ltd., His. fid.; Waihi, 20s. fid. Dunedin, December 20. Sales: Huddart-Parker (ord.), 445,; Kawarau Gold, 20s. LONDON WOOL SALES A REVIEW Six series of sales were held in London this year, against seven in 1923, and eight in 1922. The reason for the reduction in the number of sales was than no B.A.W.R.A. ivool was available after the January sale. At the first sale, which began on January 22, and closed on February 12, a total of 173.973 bales was catalogued, of which 113.872 bales were free wool, and 55,101 bales B.A.AV.R.A. wool. Fine greasy crossbreds opened at 10 per cent, advance, iind with very slight fluctuations maintained this advance to the last. Medium greasy crossbreds opened at 1.5 per cent, advance, but closed at below this. There was little irregularity in the demand for greasy crossbreds, which opened at an advance of 15 per cent., and maintained this advantage right through. The general advance ranged from 10 per cent,, to 15 per cent. At the second series, which commenced on March 18, and terminated on April 1. there was an offering of 118.697 bales of free wool, cf which 43.569 bales were from New Zealand. There was no B.A.AV.R.A. wool available for this sale. The keenest interest was shown in crossbreds, especially the lower grades. Fine crossbreds showed an advance of 5 per cent, over February closing rates, whilst medium quality crossbreds were generally 10 per cent, higher. Lho most noticeable rise was amongst the coarse crossbreds, which may be quoted from 10 to 15 per cent, dearer. In one circular it was recorded: —‘‘It is interesting here to note the extraordinary rise which has taken place in the values of New Zealand coarse crossbreds during the yean—an advance wdiich for 36’s quality is now well over IX) per cent, from the level ruling in March, 1923.” Coarse crossbreds, 36-40’s quality, in good average condition. realised at this series lijd. to 18id. The third series opened on May 6, and closed on May 20, The offerings at this series totalled only 105,551 bales. The catalogues contained large quantities of .speculators’ wool, on which owners’ reserves were well above market level, and withdrawals were heavy, especially of merino. The demand from the Continent was not as pronounced as usual, this weakness being due to the exchange position and the political unrest in France and Belgium. Fine greasy crossbreds were Id. to lid. lower, medium greasy crossbreds lid. lower. Bradford was a keen buyer, especially for coarse qualities of crossbreds, which showed little change on the previous sale’s closing rates. America bought nothing at the sales. As a matter of fact, a failquantity of previous American purchases were actually sent back to the London market for resale. The fourth series opened on July 1, and closed on J uly 11. It was originally intended that the series should pccupv 12 selling days, but owing to the large quantity held back from sale the series was curtailed to nine selling davs. The offering totalled 95,233 bales, and of this quantity about 61,500 bales 'were sold. The catalogues again contained a large quantity of speculators’ wool, which in maaiy cases carried high reserves,, and withdrawals were frequent. 1 ine greasy ciossbreds fioui New Zealand opened at Id. to ltd. lower, and although the demand improved considerably later, the prices remained unchanged to the close. Medium crossbreds, which opened at decline of 1-jd. to 2d., improved as the sale advanced, and at the close were Id. to IJd. lower. Coarse greasy crossbreds also showed about the same depreciation. The sales closed with values at their highest ’point for the series, and there was a better tone Hid brisker competition towards the finish. At this series coarse crossbreds* 36-40 s quality, made 16Jd. to 17d. oxi The fifth series o]xmcd on September 16 and closed on October 9, there being 17 selling days, and the offering totalled 196.963 bales, of which about 160,000 bales were sold. Fine greasy

crossbreds opened at an advance of 15 per cent., but did not quite maintain the advantage to the close. Medium greasy crossbreds were in strong demand, and closed at an advance of 15 per cent. Coarse greasy crossbreds were from 10 l>er cent, to 15 per cent, higher. The sixth series opened on November 26. and closed on December 12, anl the quantity offered was 118,500 bales. There was a sharp advance in values, especially for crossbreds, medium and coarse greasy crossbreds being higher by 4d. per lb., as compared with the closing rates of the last senes. As the sale progressed competition increased, and the market displayed a hardening tendency for medium and coarse crossbreds, which weie higher from 4d. to 6d., as compared with the September sales. To-, wards the end, fog caused postponement. and the sale closed quiet. The opening advauce was well maintained. Bradford buyers were the principal operators for crossbred wools. Belgian, Swiss. French and German buyers operated freely. The following table shows the prices realised for greasy crossbred wools at

AVHEAT MARKETS. 4US.-N.Z. CABLE ASSN. (Rec. December 21. 11.5 p.m.) London, December 20. AVheat cargoes are firm and quotations are again higher, with fair demand. Parcels are qiiiet at 3d. to 6d. per qfiarter advance. Liverpool futures: December. 13s. 5d.; March, 13s. 63d.: May, 13s. s£d. New York, December 20. Chicago wheat quotations are: December, 1 dollar 72 cents per bushel; May, 1 dollar 75jd. cents.: July. 1dollar 49£ cents. LONDON MARKET QUOTATIONS. A.ns.-N.Z Cable assn (Rec. December 21, 5.5 p.m.) London, December 19. Cotton. — Liverpool quotation for American middling Upland cotton, January delivery, 13.13 d. per lb. Rubber.—Fine hard para, 18td. per ]b.; plantation, first latex crepe, 19d.; smoked ribbed sheet, 19d. Jute. —Indian native, first marks, De-cember-January shipment, £37 12s. 6d. per ton. New Zealand Hemp.—November-Janu-ary shipment, £43 per ton. Copra.—Bagged South Sea, DecemberJanuary shipment, £2B 15s. per ton. Linseed oil,' £4B 10s. per ton, equal to 3s. lOld. per gallon. Turpentine, 61s. per cwt., equal to 4s. 7Jd. per gallon. Antimony.—English refined, £7O per ton; foreign, refined, £6O to £62. CUSTOMS REVENUJ;. Customs revenue collected at the port of Wellington on Saturday amounted to £3457.

Buyers. Sellers. N.Z. GOVT. LOANS— £ s. d. s. d. 4| p.c. Insc. Stk., 1939 — 97 10 0 4$ p.c ditto, 15)38 .... —- JI z JO 0 4i p.c. War Bonds. 1939 — 97 12 6 4* p.c. ditto, 1938 .... — 97 12 G BANKS— Australasia 13 9 0 13 11 0 National of N.Z. (cum.) —— 6 17 0 New Zealand o 19 0 3 0 6 Union of Aust 14 0 0 14 o 0 FINANCIAI— National Mortgage .... — 4 1 0 Well. Trust, Loan .. Well. Deposit & Morts. —— 5 17 (> —- 0 10 0 GAS— Wellington (ord.) .... . ' ■ 13 12 6 INSURANCE— t National of N.Z 3 10 6 — ME«T PRESERVING— N.Z. Refrigerat. (£1) 1 2 9 1 3 6 Ditto (10s.) 0 11 11 0 12 1 Well. Meat Exp. (£3 ■ 12s. Gd.l 1 14 0 —— TRANSPORT— Huddart-Parker (ord.) 2 3 9 — Takapuna Trams — 0 19 0 WOOLLEN— Kaiapoi (ord.) —— 0 15 0 Ditto (contrib.) — 0 G 0 BREWERIES— Ward and Co —- 2 11 9 MISCELLANEOUS— Burns-Philp 1 15 0 —— Kirkcaldie and Stains (pref.) —— 1 0 0 N.Z. Drug (rights) ... 0 3

the first and sixth series:— First tstixrth series. series, d. d. d. d. Fin© crossbred. 46-48— Good to super 21Jto24 284 to 30 Low to medium 17 to 21J 25 to 27 Finp, crossbred, 44-46 — Good to super 19 to 204 27 to 284 Low to mc-ium 16J to 18J 23 to 26 Medium crossbred, 40-44— Good to super 174 to 184 26 to 274 Low to medium 154 to 17 214 to 25 Coarse crossbred, 36-40 — Good to super 16 to 17 24 to 25 Low to medium l<li to 154 20 to 23