FARM & COMMERCIAL

Dominion, Volume 19, Issue 166, 10 April 1926, Page 12

FARM & COMMERCIAL

NEWS AND .NOTES

AUCTION SALES TO-DAY. Corner of Cornwall Street and Knight's Road, 2.30 p.m., sale of building sections (If. E. Leighton). 367 Main Road. Mun tai, 1.15 p.m—Sale of household furniture (E. Johnston and Co.). Martin Street, Upper Hutt, 2 p.m.Sale of household furniture (E. Johnston and Co.) MONDAY. 119 Onopu Road. 1.30 p.m.—Sale of furniture (E. Johnston and Co.) TESDAY. 105 Customhouse Quay, 2.30 p.m.—Sale of 7-roomed residence, Pitt Street, adestown (S. G. Nathan). Levin Yards. 12.30 p.m.—Sale of house at Manakau (Abraham and Williams.) „ , 195 Lambton Quay. 2.30 p.m.-Sale ot P-Toomod residence, 9 Portland Crescent (Harcourt and Co.) Main Road, Taita. Lower Hutt. 1 p.m Sale of dairv herd (H. E. Leihton.i Lainhton Quay. 2.30 p.m.—Sale of land (TTascouet and Co.) FARMING INTERESTS FEILDING STOCK SALE By Telegraph.—Press Association Feilding, April 9. Over 9CCO sheep of all classes were forward at the Feilding sale to-day, -principally lambs, with the fat pens also well filled. Fat sheep of. all descriptions sold at an advance on late rates. Bidding for all good lines, two-tooth wethers and lambs, was keen. Prices showed advance but ewes in lamb were not in demand One line of 560 good four and five-year ewes in lamb to S.D. rams sold at 20s. Id. fat lambs. 19s. 3d.. 20s. 0d„ 21s. 10(1.. 245. lOd. 275. 275. Id.; fat wethers (two-tooths) 235. 9d.. 245.. 275. 4d.. 275. 7d.. 285.; fat ewes. 14s. 3d., 165.. IBs. 3d ; medium quality Romnev ewe lambs, 13s. Bd.. 14s. 4d. to' 15s. Bd.: white-face wether lambs. 13s. Bd.. 14s. Id.. 15s. to 16s 3d.; m.s. lambs, medium 12s. ltd 13s. 2d.; very fair shorn b.f. lambs, 15s. 6d.; rood shorn b.f. lambs 17s 8d : small lambs, 5s 6d 7s. 6d. to 9s. 44.; very fair two-tooth wethers 21s. 6d., 235. 3d. empty ewes fair condition. Ila. 3d.. 12s Id. 13s. lOd. m.a. ewes. r.w. Romnev rams, 20s 3d Very few cattle were yarded. A few fat cows offered sold well making £5 10s to .£5 19s. for fairly good . cows. For heifers £4 15s. to £5 12s. was paid.

TOP GRADE LAMBS FROM PALMERSTON SHOW HIGH PRAISE FROM LONDON JUDGES The report of the London judges who adjudicated upon the exhibit of lambs from the Palmerston North A. and 1. Show, held at 32 Central Markets, London, on January 19, 1926. has just been received by the New Zealand 5 eat Producers’ Board and is of a highly complimentary nature. Messrs. Hayes, Paine and Knowlden, of 32 Grand .Avenue, Central Market, London, E.C.I, report as follow:"When the sailing ship Dunedin lett Port Chalmers on February 15 fortyfour years ngo with the first consignment of frozen mutton and lambs tor the' English market little did those pioneers who undertook the work realise •the potential possibilities of such an adventure and the beginning of what is now a great industry, with such benefit to consumers hero and producers in New Zealand. "A worker on Smithfield who distinctly remembers the arrival of the first Dunedin shipment and saw the very sheep and lambs on sale in the market »azed again to-day on the wonderful display of prime lambs from the Palmerston' Show. .... ’ “Admiration and praise tor a country which could produce such fine specimens of Southdowns, generally admitted to bo the aristocrats among the ovine race, was heard all round. Americans stated that although rapid strides in improving tlie breed of sheep in South America, was apparent in recent shipments, to attain such perfection as was evidenced in this exhibit-still required a heavy infusion of new blood and improvement in pasture. “Praise should be extended to the Longburn Freezing Works for the careful dressing, handling and cleanliness ■of the carcasses. The condition was perfect. The Winning Pens. “The selecting of the pen which in our opinion should lie classed as top grade was given to lot No 421. The neatness of these carcasses, with shoulders well set ami the top level with the back carrying a tine wide flat loin, well ribbed up and a twist of meat in the legs, which only a "Down” can produce, coupled with symmetry of shape and proportion of fat to. loan, fixed the decision. “Lot No. 127 was given second place, but although' the characteristics were almost similar to lot No. 421, we found that in two of the carcasses there was a slight shallowness in the groin. “To lot No. 428 fell third place, it being found that one lamb was inclined to be on the fat side. “Lot No. 422, the fourth selection in our opinion, were the best lambs from a meat carrying point of view. The blemish that relegated them to this position was the lack of that necessary white connective tissue round the legs which discerning butchers put such stress on, as without it, in the defrosting process, the exposed muscles turn a darkish colour and in consequence is a disfigurement to the joint. “Lots Nos. 4-31 and 425 would come under the “Highly commended” ciass. "The remaining lots were all exceptionally fine lambs ami only the spin of the coin could decide the rotation of quality. “The disposal after the show was rapidly effected. Eleven butchers had three lambs each and one man took six, each purchaser agreeing to give a further display in his shop, with a card attached indicating the origin."

FROZEN MEAT MARKET Messrs. Dalgcty and Co., Ltd., report having received the following cablegram from their London house, under date April SiLamb.—New Zealand prime crossbred lamb, Canterbury, heavy 9gd., light 10}d.; North Island, heavy 9Jd., light 9}d.; demand for New Zealand lamb is better; market is unchanged. Mutton.—New Zealand prime crossbred mutton, Canterbury, heavy 6(1., light North Island, heavy 5Jd., light 6}d. Demand for New Zealand mutton runs principally on lightweights. Market is weak; transactions small. Beef. —New Zealand prime ox beef, hinds 41d., fores 3d. Limited demand for New Zealand beef; prices are nominal. Australian Frozen Meat.—Good average quality .crossbred lamb, heavy, not quoted, light, Bd. Demand runs principally on poorer qualities. Good average quality crossbred mutton, heavy 4d., light 43d. Demand is poor; market weak. The above prices are for new season’s carcasses. SMITHFIELD WHOLESALE PRICES FOR LAMBS. The New Zealand Meat Producers’ Board, in its last report from its London manager, quotes the wholesale Smithfield prices for now season’s lamb as at April 1, as follows:— Prime Canterbury, 361 b. and under 10RL, 371 b. to 421 b. IOJd., 431 b. to 501 b. 9}d.; other brands, 421 b. and under, 93d. There does not appear to be much variation in the prices of the different grades, which is quite a contrast to the quotations recently received for the last of the old season’s lambs. This may be explained by reason of the small quantity of new season’s heavy-weight lamb yet on the market. The'major portion of the supplies of new season’s lamb at present on Smithfield has been shipped from Hawke’s Bay, Poverty Bay, and Wairarapa, and owi»g to the climatic conditions prevailing in these districts this season the average weight of lambs has been considerably below the previous year, with the result that at the present moment there are not many heavy-weight new season’s lam s on the London market, evidently not sufficient to cause any gieat variation in prices between the light and heavy grades. Small quantites of South Island lambs are now appearing on Smithfield, but the heavy-weight lambs are not in sufficient quantity to cause buyers to discriminate between the light and heavy grades. . . , . Later on, when the mam shipments from the South Island commence to arrive, and a greater quantity of heavyweight lambs appear on tlie market, the difference in values between the heavy and light weights will bo inllucnccd according to the number of heavy-weight lambs yet to bo shipped from the South Island. Last year, it may bo noted, was an exceptionally good fattening season, particularly in'the North Island, as shown by the average weight of lambs shipped, which was above the average season.

STOCK SALES Messrs. Abraham and Williams, Ltd., report on their Marton :alc on April 8 as follows:—We had a yarding of 20CO shcop, TO pigs and 29 cattle. There was a fair attendance and wc have to report a good sale, everything except two small pens of sheen being sold at the follower? prices:—Five-vear ewes r.w. S.l). rams. 20s. 3d.; 4-tooth ewes. r.w. S.D rams 25r. 4d.; small wethers, 29s 3d.; mixed sex lambs, 155., 15e. 6d., to 165.; b.f. lambs 12s. 9d.; small lambs. 7s 10d.. Bs. 6d. to 12s. 7d.; forward ewes. Us. 6d.; call ewes. 4s. 6d. to 9s. 2d. Pigs: Wen Tiers, 6s. to IDs.; slips ICs. tn 205.; "ood norkers m £2 10s. Cattle: Fat cows. £5 to £6 10s.: fat heifers, to £7 35.; E. heifers to £3 65.: 2-year steers. £2 153.1 3i-yea*. steer?, to £6.

THE FRUIT CROP

A REVIEW The director of the Horticulture Division, Department of . Agriculture, has received Die following reports from his officers regarding orchard and marketing conditions at ide end of llareh: Auckland— Apples: Late apples arc in average to full crop; good, clean condition. Oranges and lemons: Developing well for a good crop. Doorman in particular. will be in full suiui.fr, with a. larger output for the district, as many young trees arc coming into bearing. Tree tomatoes ami passions are well up: districts average crop. Gisborne.— Apples: Heavy, clean crops. Lcmqjs: GoeiJ setting; retarded by dry weainer. I'eae‘ues: Late varieties heavy; nearly finished. Pears: Light; good, clean fruit.' Tomatoes. Late crops showing well Walnuts: Heavy; cleaner than usual. Hawke's Bay.—Apples: Heavy crop; good, clean crop, late varieties ready for picking: fair proportion will be exported; 47,000 cases packed lor export during March; fair quantities now being cool stored. Lemons: Average. Pears: Medium to tight; about 5000 crates being exported. Walnuts: Good harvest of uuts. Wanganui. - Apples: Heavy crop. Lemons: Average crop. Oranges: Light Pears: Average crop. Tomatoes: Average Walnuts: Light. Manawatu and Wairarapa. - Apples: Stunners and other late varieties, heavy crop; high percentage fancy grade (now ready for harvesting re export). Pears: Patchy. Tomatoes: On market. Walnuts: Few grown. Nelson.—The apple crop is exceeding all expectations and will constitute a record for the district. Export quantities will be too per cent, over the previous season. Though on the smullcr side, tile fruit is very free from black spot amt russetting and insect pests are not severe. Lemons: A fair setting. Pears: Crops have been very disappointing, with Winter Cole on the small side owing to dry weather. Strawberries: Second crop was very disappointing owing to dry weather. ’Tomatoes: Still a feiy picking, with good demand for factory use. On the whole a very good season, tyalnuts: Good crops and fairly clean. Motueka.—Late varieties of apples being picked and packed for export. Great majority Stunners, fancy grade. Over 160,009 cases passed for export to end of month. Marlborough.-Apples: Good crops being harvested; large proportion of small fruit due to dry conditions, has reduced bulk of anticipated export Pears: Local production small, especially in late varieties. Crops good where grown. Tomatoes: Good crops have been realised; satisfying local demand. Walnuts: Crops slightly above average. Canterbury.—Apples: The picking of mid-summer apples is now in full swing and the fruit generally is fairly clean, but small. The gales have taken a fair quantity, especially in the Loburn district. Strawberries: Second crops very light and consequently realising good prices. Tomatoes: Heavy supplies camo forward during the month, with low prices. The main crop is now practically finished. Walnuts: A fair crop.. Not yet being marketed. Otago and Southland.—Apples: Heavy crops. Crops clean and trees making good growth. Fru't smaller than usual owing to heavy crops borne bv trees. Three weeks to a. month later in maturing than last season. Growers in Roxburgh district exporting heavily Peaches: Average crop. Practically finished. Pears: Average crop: very clean. Otago Central.—Apple harvest in full swing Cox’s and Jonathan inclined to be light. Heavy crop of Stunner throughout. district, Apple leaf: hopper showing up in places. lied spider is also making its presence felt in places Peaches: Har vesting well in hand In some orchards trees have sustain! fairly extensive damage by green aphis. Pears: Harvesting of Winter Coles in full swing. Nice crops being pulled, but inclined to be on small side. Tomatoes: Good crons being I’i-wcsted. but ripening very slowly. In places t“e early frosts have done extensive damage to plants. Season will soon be over. 'Walnuts: Promise of good crops.

WOOL SALES AND EXPORTS

FIGURES FOR MARCH. Sates of wool in New Zealand during March were as follow, according to Messrs.

For the corresponding nine months last year 517.572 bales were offered and 450,687 sold. Exports of wool from New Zealand during March were:—

EXPORTS OF TALLOW Exports of tallow to United Kingdom and Continent from New Zealand during

WHOLESALE PRODUCE PRICES Messrs. Lacry and Company, Ltd., report wholesale values as follow:—Mixed fowl feed. 7s. to 7s. 3d. per bushel, sacks in. Linseed meal, 16s. Linseed nuts. 14s. Linseed whole, 20s. per cwt, Mcatmcal. for poultry, 13s. per cwt. Oyster shell grit or pipi' shell fit, five-bag lots, ss. 9d.; lesser lots, 6s. per IMlb. bags. Oats, machine dressed Algerians, 6s. 6d.; farmers' dressed seed Algerians. 55.; crushed. 5s 6d.- Duns. ss. 6d. to 6s 6d.; Gartons. ss". 3d’, per bushel, sacks in. Shelled oats, for chickens. 6s. per bushel, sacks in. New Zealand maize, whole, Bs. 6d.; crushed 9s. Barley, feed. ss. 6d.; seed 6s. Partridge p'eas, 7a. 64. Feed peas. 7s. Prussian blue. ICs. bushel, sacks in. Wheat, milling. 6s. per bushel, sacks in. Eggs, first-grade, new laid, 2s. Bd. to 2s. lOd • storekeepers. 2s. 4d to 2s. fid.: preserved, 2s. 2d. to 2s. 4d. Butter farmers’ separator and dairy. Is. 2d. to Is. 54. lb. Turkeys. Is. Id. to Is. 44. per lb. Ducks, Runners. 6s. to Bs.; large whites, 9s. to Ils pair Fungus. 8d to 9d. per lb. Fowls. White Leghorns, 4s 6d. to 55.; Black Orpingtons and similar heavy vane ties 6s fid. to Bs. fid. pair. Dressed pork. 63's'lo 90's, 74. per lb. Sucking pigs. 84 to" Oil. oer lb. Sucrosinc half-ton Ini'F. 1- lesser lots, £l2 ss. Molass u-r-il e 9 10s per ton Blenheim cli;.c" prime "ton lots. £lO 5s '<>>'. in- medium quality. £8 to £8 ICs.; Australian. £ls ton. Dock salt. 6s. 6d. per h aß . I'/V-wec ’i -'neks 40s. cask; in cwt.

cases. Bs. 6d. case. Mutton birds, in casks of 500, 6d. per bird. Bran, half-ton lots or over. £lO per ton. Pollard, half-ton lots or over. £ll per ton. Granulated charcoal 14s. 9d. per bag. Basic slag. £5 15s. per ton. Peameal. ton lots. £lO Ids.; snwll quantities, Ils. Potatoes, ton lots £8 to £9. Onions, ton lots, £l2 to £l7. .

COMMERCIAL ITEMS

EXPANDING IMPORTS INCREASE IN LUXURIES The imports in January ami February into the Dominion, exclusive of specie, show an increase of £104,981 as compared with the. corresponding months of 1925, ami the tendency has been for the imports to increase steadily. The figures for the first two months of four years compare as under: —1923, £7,111,815; 1924, £8,179,431; 1925, £8.846,249; 1926, £8.919,7-17. The increase shown in the first two months of this year as compared with last year has been mainly in motors, pertol, rubber tires, printing paper, crude oil, tobacco goods and cornsacks. Taking the groups, the figures compare as under:— 192 G 1925 £ £ Soft goods 1,825,108 1.956,331 Hardware 1.225,191 1,288.649 Foodstuffs 706.324 889.811 Beverages ' 297,665 357,697 Miscellaneous 3,237,693 2,907,725 Other goods 1,657,766 1,446,033 8,919,747 8,816,249 Four out of six groups show decreases and it is on'y in the miscellaneous section in which motor vehicles, rubber tires, etc., are included, and other good#, in which crude oil is included that show increases. It is the luxury goods that show increases, but in the staple lings imports are being curtailed.

A.M.P. SOCIETY

The past year has been a record one for the Australian Mutual Provident Society and the policyholders receive the full benefit in increased bonus additions. The new business written in the ordinary department in 1925 totalled £13,751,6-11, as compared with £1.3,303,721 in 1921, and in the industrial department £3,579.929, against £3,310.454, the total new business being £17.331.570, against £16,644,175, an increase of £687.395. The business in force in the ordinary department at the end of 1925 amounted to £145.889,475, an increase of £8.208.347 for the year, and in the industrial department £21,329.514, an increase of £2,264,793. The claims by death in the ordinary department amounted to £1,680,472, and in the industrial department to £46.4-00, a total of £1,726,872. The claims by death in the ordinary department amounted to under 55 per cent, of that expected from the tables of mortality used in the valuation. The accumulated funds in the ordinary department at the close of 1925 totalled £53,925,238, as compared with £50,909.658 at the end of 1924, and in the industrial department £5.700,316, against £4,903,121, the total of the two departments being £59,625,554. against £55,812,779, an increase of £3,812,774. In addition to this there is £600,000 at credit of the investment reserve fund, and £l3Ol at credit of fidelity guarantee fund. The revenue for the year amounted to £7,4-78,871, against £7,066,012 in 1924. in the ordinary department, and £1,397.889 against £1,245,064 in 1924 in the industrial department, the total revenue being £8,876,760, against £8,311,076. The actuary’s report shows a surplus in the .ordinary department of £2,458,694, out of which £2,403,694 is to be allotted to policyholders as bonuses, and Jhe surplus m the industrial department is £155,348, of which £150,000 is to be distributed as bonus. The rate of interest realised was £5 Us. 2d. per cent, on the mean funds, and tlie effect rate was £5 14s. 4d. per cent. The society’s investments in various loans to the Commonwealth of Australia, the Dominion of New Zealand, and the British Government for war and repatriation purposes amount to £14,779,773. The annual meeting of the society is to be held in Sydney on Friday next.

INVESTMENT, MORTGAGE AND DEPOSIT CO.

The report to be presented at the twentieth general meeting of shareholders of the New Zealand Investment, Mortgage, and Deposit Co. states that the net profit on the year’s business is .£3087 os. 2d., to which must be added the sum of £436 19s. 3d., brought forward from last year, making a total of £3523 19s. sd. An interim dividend at the rate of 6 per cent, per annum, amounting to .£945 2s. Bd., was declared and paid for the half-year ended September 30, 1925, leaving .£2578 IGs. 9d. to be dealt with. The directors .recommend the payment of a further dividend at the rate of 4 per cent., making 7 per cent, for the year ended March 31, 1926, which will absorb £1268 45.; that £650 be carried to reserve, which will then stand at £5000; and that the balance of £660 12s. 9(1., be carried forward. Mr. \V. G. Foster is the director who retires in accordance with the articles of ■ association, but, being eligible, offers himself for re-election. The auditor, Mr. 0. G. Keifiber, offers himself for re-election.

NEW COMPANY

The '‘Mercantile Gazette" records the registration of the following new company:— ~, New Zealand Popular Homes, Ltd. Registered as a private company March 4. 1926. Office: 68 Dixon Street, Wellington. Capital: £IOOO, into 1000 shares of £1 each. Subscribers. Wellington—J. Bennie 330. G. T. Withers 670. Objects: To carry on the business of importers from any part of the world, of buildings, either wholly or partly constructed, of every description, and of building materials and reouisites of every description, and to erect, assemble and complete such buildings for the purposes of sale and general incidental. P. AND O. STOCK. London, April 8. P. and O. Deferred Stock, £228.

WHEAT AND OTHER PRODUCE. London April 8. Wheat.—Cargoes firmer by 3d. to 6d. per quarter, especially those near at hand, on better Inquiry and rumours of reduction in Argentine estimate. Parcels are iu strong request. Australians sold at 3d. to 6d. advance, and are quoted at 575. to 675. 6d. Liverpool futures: May, Ils. 31d.; July, Ils. M.; October, 10s. 7U. Spot trade firm. Australian, ex ship. 595. 6d. Flour.—Quiet. Australian. 425. 9d.. ex store. & Oats.—Firmer; beans and peas quiet. Chicago, April 8. Wheat quotations: May new, 1 dollar 59J cents epr bushel; old, 1 dollar 58£ cents: July, 1 dollar 37i cents; September, 1 dollar 32g cents. Melbourne, April 9. Wheat.—Firm. Parcels. 62Jd. a bushel. Oats: Milling, 3s. ICJd. a bushel; feed, 3s. 4d. to 3s. 6d. Harley: English to 4s. 6d.: Cape, 3s. 9d. to 4s. Potatoes: £l3 to £l4 a ton. Onions: £l9 to £2O a ton. On the hides market prices were generally maintained, excepting kips, which sold in buyers’ favour. LONDON STOCK EXCHANGE. London, April 8. Bank of Australasia, £l3 Us. 3d.; Bank of New South Wales. £42 17s. 6d.; Union Bank of Australia, £l4 12s. 6d.; Nation*: 1 Bank of Australasia, £8 155.; National Bank of New Zealand, £6 16s 3d.; Bank of New Zealand, 4 per cent, debentures, £92; Bank of New Zealand shares, £2 195.: N.L.. L. and M., first mortgage. 4 per cent, debentures. £7l 10s.; N.Z. L. and M., ordinary stock, £95. EXCHANGE RATES. London, April S. Foreign rates of exchange on April S, as compared with par rates or as averaged first half of I!H4, are as follow:— Apr. S. Apr. 1. Par. New York, dols. to £1 4.86 5-16 4.86 3-16 4.866

CANTERBURY MARKETS

By 'Lelkgiiai’ii.—Press Association. Christchurch, April 7. Though the Australian potato market continues very firm, there is little inquiry from that quarter. A very fair quantity has been bought for the MayJune shipment, and a vessel is due to leave Lyttelton direct about April 19 with early consignments. Traders are not sanguine of hie keeping character of the tubers shipped this month, and at the moment all parties are disposed to go slow. Values on trucks at Canterbury stations range from £5 10s. to £5 15s. a ton. Onions have made a further jump in price, and if the shipping were available the values would soar locally. Up to £l4 a ton has been offered on trucks. Oats are scarcely so’ firm as a week or two ago. To 4s. 6d., f.0.b.. s.i., for A Gartons and to 4s. 3d for B’s. is the general quotation, but there is no inquiry. Algerians are worth 3s. 9d. to 4s. on trucks, and Duns to 4s. 3d. Cocksfoot is worth UJd. per lb., for standard seed, or 7d. to 7Jd. on trucks. There is an absolute dearth of inquiry A good deal of white clover is offering, there being some big lines about. From 9d. to lid. a lb. on trucks is quoted. The southern crop is depressing the market for rye. grass. Perennial is quoted ■at 4s. and Italian at 3s. on trucks or ss. 9d. to 4s. 9d. respectively for dressed seed, f.0.b., s.i. Wheat is slowly drifting into the hands of millers at the latters’ price, namely. 6s. Bd. to 75.. f.0.b.. according to variety.

Dalgety and Company:— March, 1926. Bales. Totals for 9 months. Bales Towns. Offered. Sold. Offered. Sold. Invercargill 6,579 6,467 24,892 23.832 Dunedin 26,888 26,375 65,332 63,287 Oamaru 15 15 27,688 27,078 Christchurch ... 14.499 14,330 74,401 71.199 Blenheim — — 138 117 Wellington 24,385 23,899 87,899 81,607 Wanganui 15,554 13.679 63,070 54,677 Napier 14,624 13.729 98,989 90,806 Gisborne 607 600 3,083 2,573 Auckland .... 7,443 6,823 43,928 40,429 110,594 105,917 489,420 455,605

ponding 9 Total for months. 9 months. 1925. Towns. Bales. Bales. Bales. Inverearsill 5,533 26,485 25,141 Dunedin 9.839 44,407 44.478 Oamaru 942 2,447 831 Timaru 2,822 31,435 23,102 Christchurch 25.315 77 093 72930 Blenheim — 3,028 2.340 Nelson *— 289 500 Wellington 20,332 97,601 94,964 Wanganui 11.218 45,462 42,820 New Plymouth262 923 534 Napier-Wairoa ... 16.163 84.853 81,508 Gisborne Tokomam BayHicks Bay 1.504 25,343 29.461 Auckland-Opua 17.947 39,254 35,463 109,877 478,620 454,072

March were:— Towns. ponding 9 Total for months, 9 months. 1925. Tons. Tons. Tons. Invercargill' 53 1,188 734 Dunedin 51 682 805 Oamaru 92 151 53 Timaru • 74 1,008 776 Christchurch 485 2,472 2,507 Blenheim - — 68 32 Nelson — 60 91 Wellington 392 3.343 3.358 Wanganui 185 1.050 1,061 New PlymouthWaitara 114 665 499 Napier-Wairoa 238 1,521 1,893 Gisborne, Tokom a r u B a yHicks Bay 235 699 826 Auckland-Onua 260 1,913 1,895 2.179 14,820 14,080 Sales of tallow during March totalled 76 tons.

Montreal, dels, to 4.SiA 4 .ST 4.866 Paris, francs to £1 140.05 140.94 25.221 Brussels, francs to £1 126.37 133.C2 o_“ OO j. Amsterdam, florins to £1 12.121 12.121 12.107 Stockholm, knr. to £1 18.15 18.13 18.12 Oslo, knr. to £1 22.63 22.07 18.12 Copenhagen, knr. to £1 18.58 18.57 18.12 Berlin, Reichsmark to £1 .. 20.43 20.43 — Rome, lire to £1 120.85 120.85 25.22-1 Yokohama, pence to yen 221 2211-16 24.48 Calcutta, pence to rupee 17} 17 15-16 24 Hong-Kong, pence 27§ 24 Batavia, florins to £1 12.10* 12.101