FARM & COMMERCIAL

Dominion, Volume 19, Issue 95, 16 January 1926, Page 10

FARM & COMMERCIAL

NEWS AND NOTES

AUCTION SALES MONDAY. Clyde Street, Ohakune.—Dale of 100-acre property (A. .1. Lord and Co.). 8 Willeston Street. Wellington, 1 p.m.— Salo of furniture (E. Johuston aud Co.). Pabautanui Stock Sole will not bo held. TUESDAY. Main Road, Upper Hutt. —Salo of 6roomed residence and .contents (S. Geo. Nathan and Co.). Hokiha Street, Tnumarunui.—Sale of farm properties (Samuel Bishara, Ltd.). Feilding Showgrounds, .11 a.m. —Salo of stud and flock Romney Marsh rams (Murray, Roberts and Co. and Dalgety and Co.). Johnsonville, 2.30 p.m.—Stock sale. FARMING INTERESTS BUTTER AND CHEESE LONDON QUOTATIONS. London, January 14. Butter is in fair demand at improved prices. New Zealand, choicest, salted 1745. to 1711 s. per cwt.; Australia, lC4s. to 1445.; unsalteds, at about 4s. premium. Danish, 18Gs. Cheese, steady; New Zealand white 100 s. to 1025.; coloured, 102 s. to 1045.; all Australian cleared. —Aus.-N.Z. Cable Assn. DAIRY PRODUCE MARKET

Messrs. Dalgety and Company, Limited, report having received the following cablegram from their London house, under date January 14:— Butter.—Market firm. We quote New Zealand salted. 1765. (170 s. Danish, 180 s. <1725.); Australian, finest salted, IGSs. (161i5.), unsalted, 170 s. (1625.). The total imports of butter into the United Kingdom during December 1925, •t93.ooocwt. as conTnared with 460,000 cwt. for the corresponding period of 1924. Cheese.—Market firm. New Zealand, white. 101 s. (9Ss. to 100 s.), coloured'. lifts. (98s. to 100 s.): Canadian, white and coloured, 102 s. to 100 s. (102 s. to 1065.). Last week’s quotations shown in parentheses.

LONDON HIDES SALES

London, January 14.

At the hides sales, Australian hides were quite neglect-*!. Quotations are nominally unchanged.—Aus.-N.Z. Cable Assn.

FROZEN MEAT MARKET Messrs. Da’gety and Co., Ltd., report having received the following cablegram from their London house under date January 14: — Lamb. —New Zealand prime crossbred lamb: Canterbury heavy, 7!d., light, 101 d.; North Island heavy 7Jd„ light 9}d. Demand for New Zealand lamb moderate. Market firmer. .Mutton. —New Zealand prime crossbred mutton: Canterbury heavy 7d., light 7Jd.; North Island heavy GJd., light 7id. Demand for New Zealand mutton continues. Market firm. jj ee f, —Now Zealand prime ox beef, hinds 4Jd.. fores 4Jd. Demand for New Zealand beef limited. Market steady. Australian Froz.cn Meat.--Quotations G.A.Q. crossbred lamb, Australian heavy not quoted, light BJd.; G.A.Q. mutton, heavy sd. Improved demaiiu for Australian frozen lamb. Pork.—Good demand. Spot quotation lOd. to lid.

SHIPMENTS FROM SOUTH AMERICA

The New Zealand Meat Producers’ Board has received a cablegram from its representative at Buonos Ayres, South America, advising tiie following shipments to the United Kingdom for the fortnight ended January 7, 1926, from Argentine and Uruguay:—lBB,o:so quarters chilled beef, 18,lt\l quarters frozen beef, 55,726 carcasses frozen mutton, 92,766 carcasses frozen lamb. 'J’he quantity shipped to the Continent of Europe <l:iring the same period totalled:—ll9o quarters chilled 'beef, 124,450 quarters frozen beef, 39,851 carcasses frozen mutton, IG7O carcasses frozen lamb.

.SHIPMENTS FROM NEW ZEALAND

The Now Zealand Meat Producers’ Board reports the following shipments of frozen meat from New Zealand: — November, 1925—

HIDE AND SKIN SALE

BROKERS’ REPORTS. The fortnightly sales of sbci-psk’.ns, hides and tallow were held yester<!>-y by the various brokers. A good a-esage catalogue or all descriptions was offered to a fully representative attendance of exporters, tanners, fellmongers, and the local trade. Competition for shceper-.-jS was exceptionally keen for the prepared lots, prices generally being fully Id. per lb. better than late rates. Fino wools showed an appreciation of 2d. per lb. Pelts and short wools were eagerly- sought after and sold up to 12d. Sallies were on a par with late rates with' the exception of lambs, which were fid. to 9d'. better than previous quotations. Hides found a very firm market, ruling values of all weights and descriptions, being well up to recent rates. Tallow was in fair demand for shipping lots, prices being lower by Is. to Is. fid. per cwt. The following is the range of prices:— Sheepskins.—Halfbred, lljd. to 14Jd.; fine crossbred, 10-Jd. to lid.; medium to coarse crossbred, 9ld. to 12}d.; short to half-wools, 7Jd. to 12d.; lambs, Sd. to 13d.; dead and damaged crossbred, to 9}d.; inferior and badly damaged, 41d. to 7i<i.; pelts, Bd. to Hid.; damp, salted, and green, ss. to Ils. Gd.; pelts, salted, 2s. 9d. to 4s. Bd.; lambs, salted, Is. Gd. to ss. sd.

Hides—Ox, heavy, 701 b. and over, 9Jd.; ox, heavy, 591 b. to 691 b.. 81. to Old.; ox, medium. 531 b. to 581 b.. Sid. to 8ld.; ox, light, 451 b. to 521 b., 6Jd. to 71d.; cut, slippy, and inferior, Id. to 51d.; cow, heavy, 531 b. and over, Cd. to GM.; cow, medium. 451 b. to 521 b., 6?d. to fi’d.; cow, light, 331 b. to 441 b., 5Jd. to 63d.; cut. slippy, and inferior, 3d. to sjd.: bull stag," 2d. to 2{d.; yearlings, 111 b. to 1611>., 7?d. to B{d.; yearlings. 171 b. to 321 b., 5Jd. to B}d.; calf- superior, up to 101 b., —; calf, medium to good, up to Ifilb., 7d. to 12Jd.; calf, damaged, up to 101 b.. Id. to lid.

Tallow.—Tn casks. 28s. to 325. 3d.; in tins, etc., 21s. Gd. to 275. Sundries. —Horsehair, 18d. to 20d.; cow tails, lid.

WHOLESALE PRODUCE PRICES

Messrs. Laery and Co., Ltd., report, wholesale values as follow: —Mixed fowl feed, 7s. fid. per bushel, sacks in; linseed meal, 165.; linseed nuts, 145.; meatmeal for poultry. 13s. per cwt.; oyster shell grit or pi pi shell grit, Cs. fid. per 1001 b.; maize, 7s. 3d., crushed 7s 9d. per bushel; oafs, macliined-dressed seed Algerians ss. 9d’, farmers’ dressed seed Algerians 4s. 10d., crushed ss. fid.. Duns ss. 9d. to 6s. fid., Gartons 4s. 9d. to ss. 2d. per bushel, sacks in : shelled oats for chickens, 6s. per bushel, sacks in; partridge peas, 7s. 6d. per bushel; wheat, milling, Bs. 6d. to Bs. 9d. per bushel, sacks in; barley, ss. 4d. to sa. (Id. pcr bushel, sacks in; eggs, first grade new laid 25., storekeepers’ Is. 9d. to Is. lOd. per dozen; butter, farmers’ separated and dairy, Is. to Is. Id.; fowls, White Leghorn ss. to Gs.; Blaek Orpingtons ami similar varieties 7s. io Bs. per pair: turkeys. Is. Id. to Is. 2d. per lb.; ducks, Runners 7s. Gd. to 9s, fid., Large Whites 10s. to 125.; fungus, Bd. per pound, dressed pork, Go’s to 90’s, 7d. per pound; sucking pigs, I Cd. to lid. per lb.; sucrosine. £l2; molassmeal. £ll per ton; Blenheim. chaff, ton lots, £9 10s. per ton, sacks in; rock salt, (is. 6d, per bag; molasses, in casks 425. Gd. per cask, in ca,ses Bs. 9d. per ease; mutton birds, in casks of 500, 7d. per bird; ’bran, half-ton or over. £lO per ton; pollard, half-ton lots or over, £ll per ton.

DANNEVIRKE A. AND U. SHOW. In (he dairy produce section of the Dannevirke A. and P. Association’s show —to bo held on February 10 and Illiberal prize money has been allotted to the five ekasses for cheese and butter. In addition, challenge cups valued at lOgns. each are provided for the dairy factories of the district for export butter and cheese respectively, and competition in this connection is increasing each year. In order to make the schedule attractive to the juvenile element three Meccano competitions have been introduced, for the -best original models, section A lining confined to those under 10 years of age. section B to those between 10 and 13 years of age. and section C to those of 13 years of age and over, all being open to boys and girls. Entries for all sections of ths show close with the secretary, Mr. H. S. M Quigley t on Wednesday-, January 20.

FEILDING STOCK SALE

all-round increase in sheep PRICES.

Br Telbgbafh—Press Association-

Feilding, January 15.

At ths Feilding stock sale to-day there was a fair yarding of store sheep, but ui>ly a tew pens ot jals. There was a very iarge attendance of buyers. A good sale resulted, prices all round showing a use ol 2s- to 3s. uu last sale, following on tile gc-.d rains during the past week. Lv-ery pen was quilted at the following prices:—Eats: Lambs, 21s. Id. to 265. 3<k; wethers, 255. fid. to 305.; ewes, 18s. 3d to 21s. Gd.; b.f., 245. Id. to 255. Bd. stores; CuJl lambs, 7s. to Bs. 3d.; b.f. lambs, 13s. Gd. to 14s; small woolly lambs, Us. 2d. to 135.; ewes, 9s. to Ils.; wether Jambs, 13s. lOd. ti* 14s. 10d.; rape b.f. lambs, 18s. 5d.; four-tooth we*thers, 235. and 235. Id.; five-year ewes, 12s. Gd. to 16s. Id.; four-year ewes (a lew four and six-tooth, 21s. Bd. to 225. Bd.; Romney ewe lambs, shorn, 355.; ditto wether lambs, good, 225.; ditto ewes, four-tooth, 435.; two-tooth wethers, 22sThe yarding of cattle consisted mainly of a few pens of medium quality fat cows and some pens of store bullocks. Fats were not up to last sale’s prices, but fat heifers improved slightly. Store cattle were not too keenly competed for, and only one small pen of threeyear steers reached the vendors’ reserve. Medium quality fat cows, Ai4 10s. to A's 2s. 6d.; other cows, Ai3 fts. to J.-4; odd fat heifers,, J!4 15s. to £5 55.; three-year mixed colours steers, £7. WHEAT CONTROL ASHBURTON FARMERS’ VIEWS. Bi Telegraph.—Press Association. Ashburton, January 15. A meeting of wheat growers, convened bv the Ashburton branch of the Farmers' Union, attended by 27 men, resolved : “That, seeing that the Government has decided not to take control after this season, this meeting is not in favour of control this season, but asks the Government to put an adequate duty on imported wheat and flour.” The motion was carried without dissent, six abstaining from voting.

FREE MARKET DESIRED. Bi Telegraph.—Press Association. Oamaru, January 15. A meeting of North Otago wheat growers held this afternoon unanimously resolved to ask that the Government control of this season’s wheat be cancelled and that a. free market toe established with adequate protection.

CANTERBURY MARKET

CROPS BENEFIT BY RAIN.

Br Telegraph.—Press association.

Christchurch, January 15. The rain of the month has been - ery helpin' to wheat crops. The crops general! are filling out very well, par-ticularly-on heavy soils, and there is quite r.n amount of opinion that the average annual yield of 28 bushels io the ac’x* will lio fairly approached. However, even this yield will make little dilferenca (on acount of the reduced area in the gross quantity of wheat that will have to be imported to meet l.iio country’s needs. It is reported that a northern miller is paying 7s. on trucks for early deliveries. During the week a rather melancholy repot! came before the Farmers’ Union as t.o the areas and prospects of the oat crop-. It is undoubted that, the area is very much smaller than last year, and the early crops reaped have been exceptionally light. Howevet, the recent rains have stimulated the later crops, and it is just possible that they will yield much better than the report forecasted. for the few samples of Algerians that have apepared on the market from 3s. 3d. to 3s. Gd. on trucks have been mentioned. Business in last season’s machine clipped Algerians 1-a.s token pfm-.e ?t. ss. f.o.b. S.T. Gartons nre nominally quoted at 3s. Gd. to 3s. ltkl. lor now crop, or to 4s. Gd. for A’s, and 4s. 3d. for B’s, S.T. f.o.b. South Island ports. There is some inquiry for undergrade Gartons at 3s. lid. prompt f.o.b. S.I. Dun oats ars nominally quoted at 3s. fid. to 3s. 9d. on trucks. There is a fair amount of forward inquiry for chaff at £7 10s. to XS f.o.b. S.T. for April delivery. Peninsula reports record a better cocks'oot cron I han last vear, but. the area shows a ‘further shrinkage. Machine dr-ssed last season’s seed is quoted at 12d. to 121 d. Ideas of new crop values are about 7d. a lb. on trucks. Imported seed will infl"ence prices. The recent rain has done a great deal of good to th? pea crop, which is lookwell.

The barley crop is locking well, but the area is shrinking each year. Perennial ryegrass is quoted at 4s. to 4s. Cd. on trucks. Little has been of-fcf-l so far. Italian and Western Wol'lis are quoted nt 3=. t - 3s. 3d.

Th v potato crop is deve’oping mo-o satisfactorily than primised a few weeks ago. Pome forward business for April and May has taken place at .£5 155., f.o.b. 5.1., oi\£4 to £4, ss. on trucks.

COMMERCIAL ITEMS

WELLINGTON STOCK EXCHANGE

YESTERDAY’S BUSINESS AND PRICES

At the afternoon call yesterday sales were reported of -ij per cent, stock (1039), at £96 2s. (id., Bank of New Zealand at 565. 6d., Union Bank at £l5 2s. Gd., and Huddart-Parker ordinary at 445. 9d. The demand for the 44 per cents, at £96 continues, and New Zealand Breweries stock and bonds were firm at 255. Although business was done in bank shares, there were not many declared buyers. The previous day’s bid of £l5 was reported for Union Bank shares, and P. and O. Banking Corporation shares were in demand at £9 10s. Sellers quoted 335. for Commercial Bank ordinary shares, £6 15s. for National Hank, and 565. 9d. for Bank of New Zealand shares. New Zealand Guarantee Corporation preference shares were in demand at 215., and Wellington Gas shares, £lO paid, were firm at £l3 3s. 6d. Insurance shares were steady, with buyers of New Zealand Insurance at 375. 9d., cum dividend, and South British at 535. For Gear Meat shares 395. Gd. was bid, and 445. Gd. for Huddart-Parker ordinary shares. P. am! O. Deferred stocks were on sale at £240. Timber shares were quiet. Sellers quoted 325. Gd. for Kauri Timber, 4 l| s. (id. for Leyland O’Brien Timber, and 235. for National Timber. Brewerv shares were less active, the demand being confined to Manning and Co.’s shares, which were wanted at 425. Gd. There were buyers of Electrolytic Zinc preference shares at 355. 3d. cum dividend. New Zealand Milk Products at 315., Taranaki < »il at 125., Wairarapa Farmers’ preference at. 175., and Wilson's Cement at 345. 9d. In the mining section there were bids of 255. 3d. for Mt. Lvell, 23a, Cd. tor Waihi, and 7s. for K&V’WAT-:

I Ycsterdav’s buying and selling quotations were as under:—

SALES IN OTHER CENTRES Br Tjslegbaph —Pi.rss Association

Auckland, January 15. Sales Inscribed stock (1027), £9B; Bank of New Zealand, 565. 6d.; New Zealand Insurance. 38s. 3d.; Goldsborough Mort., 485.: P. and O. deferred. £240; Staples’ Breweries. 405.; Sanford, Limited, 19s. 6d; Kawarau, 7s. 6d. Christchurch, January 15. Sales Reported: Bank of Australasia, £l4 3s 6d.; Royal Bank, .365„ 3Gs. 3d.; Union Bank. £l5 25.; Staples. Breweries, 415., 41s. 3d., 415.; Electro Zinc (pref, cum. div.), 355. 3d.; Bank of New Zealand, 565. Gd.

Sales.—Kawarau, 7s. Id. Dunedin, January 15. Salos.—National Insurance, 705.; Kwarau, 7s. Gd.; Huddart Parker, 44sfl 0d; Dominion Rubber, 60s. 6d. (two sales).

ARTIFICIAL WOOL Local opinion inclines to the belief khat the new artificial wool known as •sniafil,” and discovered in Italy, instead of being a menace to natural wool, will rather benefit the producers of the latter by helping to stabilise the market. There will be a demand for sniafil, as there is for rayon or artificial silk, and for margarine, which is claimed to be “just as good” as butter. Apart from whatever other merits it may possess, the new artificial wool clothing will be cheap, and for this reason it will have a forceful appeal to millions in Europe who will be glad to have ’the new fabric. But sniafil cannot displace natural wool fabrics, but it can be used, and no doubt will be used, for checking any big advance in the natural product. If sniafil has the effect of stabilising wool at somewhere near current prices, then evervone interested in wool would benefit. The producer would have some idea of the approximate value of his clip from season to season, and could regulate his expenses and costs so as to leave him with a profit. The same with those who handle the raw material from combers to manufacturers, and those who deal with the finished product. Sniafil, it is contended, is not going to be a menace to the woolgrower, but rather a help.

NEW COMPANY The “Mercantile Gazette.” records the tegistration of the following new com. pany Levin de Luxe Theatre Co., Ltd. Registered as a private company January 12, 1926. Office: Oxford Street, Levin. Capital: £3400 into 3400 shares <>t £1 each. Subscribers: Wellington— T. M. Donovan 1000 contributing, 700 f.p.u; J. H. McMillan, 1000 contributing, 700 f.p.u. Objects: To carry on at Levin aforesaid or any other place or places and either in the Dominion of New Zealand or elsewhere, all or any of the businesses of theatre proprietors, music hall, moving picture or kinematograph, concert hall, or agents, etc.. proprietors, caterers for public and private amusements, and entertainments of everv description and general incidental.

THE METALS MARKET. . (Rec. January 15. 9 p.m.) London, January 14. Copper—On spot, £59 Bs. 9d. per ton; forward delivery, £6O Ils. 3d. Lead, £35 3b. 9d. and £34 17s. 6d. Spelter, £3B 13s. 3d. and £37 16s. 3d. Tin, £283 17s. 6d. and £276 12s. 6d. Silver—Standard, 314 d. per ounce; fine, 34d.

PRICE OF GOLD. (Rec. January 15, 9 p.m.) London, January- 14. The price of gold is £4 4s. lid. per ounce.

P. AND O. STOCK. (Rec. January 15, 9 p.m.) London, January 14, P. and 0. deferred stock. £250.

CHICAGO WHEAT QUOTATIONS. (Rec. January '5. 7.50 p.m.) New York, January- 11. Chicago wheat futures:. May, new, 1 dollar 761 cents per bushel, old. 1 dollar 74 5-8 cents; July, 1 dollar 524 cents; September, 1 dollar 45 cents.

EXCHANGE RATES. (Rcc. January 15, 7.50 p.m.) London, January 14. Foreign rates of exchange on January 14. as compared with par rates or as averaged first half of 191, are as follow :— Jan. 14. Jan. 11. Par. New York, dols. to £1 4.86 4.85 5-16 4.866 Montreal, dols to £1 .... 4.832 4.85 j 4.866 Paris francs to £1 129.45 126.t0 25.22) Brussels, francs to £1 107 106.95 25.22) Amsterdam, florins to £1 12.08 g 12.107 Stockholm, knr. to £1 18.14 18.12 18.12 Oslo knr to £1 13.83 23.85 18.12 Copenhagen, knr. to £1 19.53 19.49 18.12 Berlin Reichsmark to £1 20.40 29.39 — Rome, lire to £1 120.37 120.12 25.22) Yokohama, pence to yen 21) 218 24.48 Calcutta, pence to rupee — 18 3-16 18 9-16 24 Bong-Kong, pence to dol. - 288 28? 24 Batavia, florins to £1 12.05 11.99 — MELBOURNE PRODUCE MARKET. Melbourne, January 15. Wheat.—Buyers, Gs. 31d. per buslio! ■ sellers, scare.-. Oats, milling. 45.; feed, 3s. Bd. to 3s. 9d. Barley, English, 4s. 9.1.; Cape. 4s. to 4s. Id. Potatoes. J 29 10s. to £lO 10s. a ton. Onions, £ll to £ll 10s. a lon. .COLONIAL AND OTHER PRODUCE. (Rcc. January 15, 7.50 p.m.) London, January 14. Wheat cargoes are dull, their being no buying, despite a G<l. to 9d. decline. Parcels are quiet but steady. Liverpool futures: March, 12s. 3Jd.; May, 12s. OJd.; July, Ils. lOd. Spot trade is very slow. Flour is dull. Australian ex store, 475. Gd. Oats are quiet. A Gartons 335. to 345. Peas are steady. Blue Tasmanian 2405. to 2605.; New Zealand, 2405. to 3405. Maples, Tasmanian, S3s. to 855.; New Zealand. 755. New Zealand beans. 445. to 465. Sugar, granulated, 28s. 7Jd. per cwt.

> TARANAKI OIL FIELDS. The Taranaki Oil Fields, Ltd., report that the well at Tarata has been drilled to a depth of 4160 feet in shale. Underreaming is done to set the 81-inch diameter casing on the bottom, preparatory to cementing. At Moturoa the bore ha's been sunk to 3210 feet in shale. Slightly harder drilling is being experienced. The engineers are now reaming to. straighton the hole preparatory to running the 6jinch diameter casing again.

WOOL MARKET

BRADFORD TOPS DULL.

(Rec. January 15. 9 p.m;) London, January 14.

The Bradford tops market is dull, everyone awaiting the opening of the Loudon sales. Quotations: Sixty-fours, 49d. per lb.; sixties, 45d.; fifty-sixes, 345 d.; fifties, 261 d.; forty-sixes, 22Jd.; forties, 211 d —Aus.-N.Z. Cable Assn.

Beef. Qrs. Mutton Cars. . Lamb. Cars. London ... 45,118 300.671 133,485 W.C.U.K. 16.258 8,230 / 1,000 Ila vre ... 16.651 —— — Antwerp December, .. 19,572 1925— — — London .... 25,373 120,799 99,953 W.C.U.K. 33,715 ' 13,776 2,780 Genoa ... 21,258 Total to December 31, . 1925- — London . ... 7-1,491 421,470 233,438 W.C. ILK. 49.973 22,006 3,780 Havre ... 16,651 — -— Antwerp .. 19,572 — — Genoa .. 21,258 — — Total for same period last to December 31, 1921 — year, viz., London . ... 21,380 249,981 224,462 W.C. U.K. 3,706 2,456 7,478 Genoa ... 25,256 — •

Buyers. Sellers. N.Z. GOVT. LOANS- £ s. d. £ s. d. 44 p.c. Iliac. Stock, 1939 96 0 0 4$ p.c. Insc. Stock, 1938 5* p.c. In sc. Stock, 1933 96 0 0 — —-- 99 15 0 4i p.c. Insc. Stock. 1944 — 87 10 0 4£ p.c. Bonds, 1941 ...... — 96 7 6 4 p.c. Bonds, 1939 .... — 96 10 0 4J p.c. Bonds. 1938 ... 96 0 0 •_ 4J p.c. Bonds. 1930 .... 96 10 0 — DEBENTORES— N.Z. Breweries (Stock) 15 0 16 0 Do.. (Bonds) 16 0 — BANKSCommer. Bank of Aus. * (ord.) —— 1 13 0 National of N.Z 6 15 0 New Zealand 2 16 9 P. and 0. Banking Corp. 9 10 0 Union of Aus. (cum.) 15 0 0 15 3 0 FINANCIAL— Abraham and Williams (ord.) — 4 6 0 National Mortgage .... 3 17 0 N.Z. Guarantee Corp. (ord., 8«.) 0 10 0 Bo., (pref.) 110 —— N.Z. Loan and Merc. Cord.) 93 0 0 GASWellington (ord.) 13 3 6 — INSURANCE— National — 4 0 0 New Zealand (cum.) . 1 17 9 South British 2 13 0 MEAT PRESERVINGdear „ 1 19 6 2 16 IHANSPORT Huddart-Papker (ord.) 2 4 6 2 5 6 P. and O. Def. Stock 2® 0 0 COALWestport 1 12 3 TIMBERKaur! 1 12 6 Leyland-O’Brien _... 2 0e National 1 3 0 Bit EWE HIES Manning and Co 2 2 6 2 3 6 Staples anj Co —. 2 16 N.Z. Breweries E 19 6 MISCELLANEOUSBurns. Philp and Co 2 10 Eleotroiytie Zinc (pref., cum.) 1 15 3 1 16 3 Howard Smith —. 1 16 6 Kirkcaldio and Stains (pref.) —... 1 0 0 N.Z. Drug —. 3 3 6 N.Z Milk Products ... 1110 — Taranaki Oilfields 0 12 0 Wairarapa Farmers (pref.) 0 17 0 — Wilson’s Cement 1 14 9 MININGMt. Lyell 1 5 3 1 6 0 Waihi 13 6 1 4 6 Kawarau 0 7 0 0 8 0