FARM & COMMERCIAL

Dominion, Volume 19, Issue 208, 29 May 1926, Page 12

FARM & COMMERCIAL

NEWS AND NOTES

AUCTION SALES TO-DAY. Palmerston North, 11.30 a.m. —Sale of freehold land (Foxton) (N.Z. Loan and Mercantile Agency, Ltd.). dautana Street, Lower Hutt, 3 p.m.--Salo of bungalow (H. E. Leighton). IVaiwetu Road, Lower Hutt, 2.15 p.m.— Salo of Bungalow (H E. Leighton). TUESDAY. 107 Customhouse Quay, 2.30 p.m.—Sale of 6-roomed house (Vine and Co.). Post and Telegraph Yard, Waterloo Quay, 10.30 a.m.—Sale of timber (R. A. Wilson). 31 Upland Ron I Kilbirnie, 1 p.m.—Sale of household furniture (E. Johnston and Co.). Levin—Stock sale. FARMING INTERESTS BUTTER AND CHEESE LONDON QUOTATIONS. London, May 27. Butter: Slow trade. New Zealand, choicest, salted, 1635. to 1705.: unsalted. 1725. to 1745. Australian, salted. 1665. to 1685. ; unesited, 170 s. ' Danish, weak. 170 s. Cheese: Quiet. New Zealand white and coloured, £2s. to 935. per cwt.; Australian, 90s. to 92s.—Aus.-N.Z. Cable Assn.

WOOL MARKET

LITTLE MOKE BUSINESS AT BEADFORD London, May 27. The prices of Bradford tops are unchanged. A little more business is nassing, but users are still nervous owing to coal restrictions. —Aus.-N.Z. Cable Assn. FARMING IN NORTH ISLAND FROM EXTENSIVE TO INTENSIVE. In an address before tile Ros r al Agricultural Society of New Zealand yesterday, Professor Peren, professor of agriculture at Victoria College, said that farming in the North Island was gradually changing from extensive to intensive farming, but it would be idle to visualise conditions like those of Denmark in New Zealand. He did not wish to see a nation of small farmers here, but would like to see the full production of al] land. He fancied that the nrices of selling large holdings x to a number of small owners who looked to dairying as the only means of paying off the large costs would lend to the use of present small dairy farms for other purposes. DAIRY PRODUCE The New Zealand Farmers’ Co-operative Distributing Company, Ltd. report having received the following cablegram from their London ofll' , e: —"Butter: Market slow. Danish lev, 1623 to 1645.. f.o.b. Anticipate more buying shortly New Zealand. 1695. to 17Cs. Australian. ’66= tr 168 s. Argentine. 148 s. to 1545. Cheese: Slow. New Zealand. 92s Lambs: Frozen trade noor. wc.-l-'er re"dency. Mutton: «:■ ’V.nt'. Plentiful"

TOP-DRESSING WHICH IS THE BEST FERTILISER: 1 "That as top-dressing grass land is fast becoming an economic necessity, this conference is of opinion that a small number of comprehensive experiments to be extended over a period of years should immediately be commenced by the Department of Agriculture,” was a remit submitted b/ the council at the annual conference of the Royal Agricultural Society of New Zealand yesterday. Mr. A. H. Cockayne, director of the fields division of the Agricultural Department, explained that ex.periments in topdressing had been carried out longer in the Waikato than in any other part of the Dominion. Some farmers, up there had within the last twenty years experimented with every fertiliser on the New Zealand market. It had been definitely proved that lime and super was the best fertiliser to use. On soils of poorer quality a slow-acting phosphate gave better results. He was confident that fertilisers would be increased in New Zealand within the next five years from 5 to 15 per cent. The president (Mr. W. Perry) said it would be very helpful if experiments could he “arried out. in different narts of both islands. This would assist in proving which were the best fertilisers to use. In answer to a question. Mr. Cockayne stated that the Department had not yet extended experiments with fertilisers to sheep country. Mr. J. D. Hall (Christchurch) wanted to know why the remit restricted the experiments to be tried to a small number. The remit was carried;

FOOT AND MOUTH DISEASE ADDITIONAL PRECAUTIONS DESIRED. "That as farmers at Home generally think that straw is one of the sources of infection of loot and mouth disease, it be a recommendation to the Government to' prohibit the use of straw in packing, and that wood wool, 'shavings, etc., be substituted therefor.” When this remit, sent forward by Hawke’sBay came up for consideration at the annual conference of the Royal Agricultural Society yesterday, Dr. Reakes (Director-General of Agriculture) said: “It would establish a more workable plan if the wording were amended to read: . that it bo a recommendation to the Government to prohibit the use of straw in packing unless the straw is disinfected and certified accordingly-” Dr. Reakes also said that at present there was a regulation that any hay or straw packing on imported goods must bo destroyed immediately on arrival unless accompanied by a certificate of disinfection. “What we should do is to endeavour to get the disinfection system extended at Home to cover all lands of packing,” he added. "It seems that when a case of foot and mouth disease docs occur on a farm in England all the hay and straw on the farm are destroyed, but I agree that we cannot afford to take any risk in the matter.” The remit, amended as suggested, was carried.

FROZEIi MEAT MARKET Messrs. Dalgety and Company. Ltd., re- . Having r.ccived the following cablegram from their London house under date May 27:— . "Lamb.—New Zealand prime crossbred lamb, Canterbury, heavy, 9)d.; beat, lOid.; North Island, heavy, 9-jd.: light. 9Jd. Market nominally unchanged. Demand runs principally on light-weights. "Mutton—New Zealand prime crossbred mutton, Canterbury, heavy. SJd..; light. 6ld. • Nc»lh Island heavy. 5Jd.: light, 6d. Market dull and declining. Demand limited. Quotations are ex warehouse. but are unobtainable off the hooks. "Beef—New Zealand prime ox beef, hinds, 4Jd.; fores. 3}d. Market nominal. Demand poor. "Australian Frozen Meat. —Good average quality crossbred lamb, light, 8.1 d.: heavy not quoted. Market weak. Demand moderate. Good average quality crossbred mutton, heavy, not quoted; light, Market very weak. Demand limited. Messrs. M. A. Eliott. Ltd.. Palmerston North, have received cable advice from their London agents of the following Smithfield prices for the week ending May 28. These prices are on the "delivered”' basis, that is, including storage charges, cartage, etc.: —Best North Island prime lambs, under 361 b.. lOd.: 361 b. to 421 b. 9Sd.; 421 b. to 501 b.. 9.1 d. • ordinary North Island lambs, under 421 b.. 9Jd.; second quality, under 421 b., 9jd.; best North Island wethers and/or maiden ewes. 481 b. to 561 b., 53d.: 561 b. to 641 b.. 5Jd.; 641 b. to 721 b.. 55d.; over 721 b., 5Jd. : ordinary North Island wethers and/or maiden ewes 481 b. to 561 b.. 63d.; 561 b. to 641 b.. 5Sd.: 641 b. to 721 b. od.; over 721 b., 5d : North Island ewes, under 641 b.. 4d.: 641 b. to 72,1 b.. 3»d. • OVC” 721 b., 3fd.; New Zealand prime o xbeef (equal fores and hinds). 160/2221b.. 4d. Remarks: Lamb, Jd. to id. lower;, wethers, no change; ewes, Jd. lower; beef, no change.

HIDE AND SKIN SALE BROKERS’ REPORTS. After an interval of four weeks, the saies of sheep skins, hides and tallow were resumed yesterday uy the various brokers. A large catalogue of all classes was offered to a full attendance of exporters. tanners, fellmongers and the local trade. Sheep skins: Competition was fairly good for dry skins and values for fine wools were easier an the last sale’s rates. Other descriptions were Jd. ner lb. lower. Baltics were slow of sale, and may be quoted at par to 6d. lower. Hides: Some good lines of butchers' were offered and prices for heavies were a shade better. Stout and substance lines were in request, and sold exceptionally well. Medium and light weights sold on a par, while calf, were id. per lb. lower. Kip and. yearlings sold well up to late rates. Tallow was in fair demand, nrices generally being unchanged, with the exception of good shipping lots, which showed a slight advance. The following is the range of prices:— Sheep Skins. —Half bred. 113 d. fine crossbred, IOJd. to 111(1.; medium to coairso crossbred, Bd. to lojd.; short half-wools, 71(1. to 10.1(1.; lambs. BJd. to 111(1.; dead and damaged crossbred, 6td. to 10d.- inferior and badly damaged. 3d. to 63d.; pelts, 6d. to'9d.; damp salted and'green. 4s. 6d. to Bs. 4d. ; pelts, salted. 3s. to 3s. 2d.; lambs, salted. 2s. 6(1, to ss. Bd. Hides.—Ox. extra heavy. 701 b, and over. 9kl. to ICJd.; heavy, 591 b to 691 h.. Bd. to 9ad.; medium, 531 b. to 681 b. 7d. to Bfd.; light, 451 b. to 521 b.. 5Jd. to 6Jd.; cut. slippy aud inferior, 5Jd. to 7Jd.; cow. heavy, 531 b. and over 4d. to 6Jd.- medium, 451 b. to 521 b.. 51d to 6d.; light, 331 b. to 441 b., sd. to sgd.; cut, slippy and inferior. 3d. to 5d.; bull, stag. 3).d. to 33d.; yearlings,,lllb. to 161 b., 6Jd. to 7Jd.; 171 b. to 321 b., 6fd. to 7>d.; calf medium to good, up to IClb.. Bd. to Hid.; damaged, up to 101 b., 3d. to BJd. Tallow.—ln casks. 295. to 335.; in tins, 14s. to 265. 6d. Sundries.—Horsehair, 18d k to 19d.

DAIRY PRODUCE MARKET Messrs. Dr.lgety and Company. Ltd., report having received the following cablegram from their London House, under date May 2?:— "Butter.—Market quiet. We quote New Zealand finest salted. 168 s (1685.)■ Danish. 1745. (1765.); Australian, finest salted, 166 s (1665.); unsalted. 168 s. 'l6Bs). "Cheese.—Market steady but quiet. We quote New Zealand, white 92s to 93s (935.); coloured, 925. to 93s (935.1; Canadian. spot. 108 s.. last season’s: 9'V. new season’s. (Last week’.s quotations given in parentheses.) Total imports of butter into United Kingdom last month were 557.0G0ewt.. as compared with 626,0C0cwt. for the corresponding month latt year.”

FEILDING STOCK SALE

By Telegraph.—Press Association Feilding, May 28. At the Feilding slock sale to-day there was a very fair entry of both fat and store sheep' for this time of year. Fat sheep sold well, aud prices showed a slight rise ou last week. The store sheep varding consisted principally of ewes In lamb and wethers. There was a good demand for good quality sheep, but inferior sheep (which were In the majority) were not in demand. The few pens of lambs offered sold w’cll. Fat wethers sold at 30s. 9d. to 31s. Gd., small fat twotoothed wethers, 245. 7d.; fat b.f. twotooths, 245. to 255.; fat ewes, 18s. 4d. to 20s 3d.; medium seedy woolly lambs, 14s. 7d to 14s. lOd.; woolly b.f. lambs, 15s. 2d.; medium Romney wether lambs, 15s. Id. to Ills 4d.; medium ewe lambs, 175.; small empty two-toothed ewes, 17s. 3d. to 18s. Id • sound-mouthed ewes, running with Southdown rams, 18s.; ditto, in low condition 175.; good four-year ewes, running with Southdown ranis, 265. 3d.: forward mixed-age wethers, 21s. 8(1.; small twotoothed wethers, 155.; very fair quality two-toothed wethers, 225. to 235. There was a medium entry of cattle. Fat cattle were in short supply. Good quality animals sold well, but lighter fats were not in demand. Store cattle met with a very dragging sale. Prime fat heifers made £7 G.s.; medium fat P.A. bullocks. £9 145.: light fat heifers. £3 17s. fid to £4 155.: light fnt rows, £3 to £4 5s • fat P.A. cows and heifers, £6 2s. fid.; forward cows, £2 ss. to £3: poor condition two and a half-year Hereford steers, £4 165.; fair condition ditto, passed at £5 10s.

BREEDING FROM CULLS "We are breeding from too many culls ” said Mr. R. J. Anderson at the Royal Agricultural Society’s conference vjsterday. “All the breeds are at fault. We are killing the sheep we should keep and keeping those we should kill.” His remark was made during a discussion which took place in connection with a remit that the Department of Agriculture be requested to send to Professor Barker, of England, samples of New Zealand wools, the professor ha ** mg offered to give a comprehensive report on them free of cost. The remit was adopted.

Messrs. Laerv and Company, Ltd., report wholesale values as follow:—Mixed fowl feed. 7s. to 7b. 3d. per bushel, sacks in. Linseed meal. 165.; linseed nuts. 14s. per 1001 b. bags. Linseed whole. 20s. 6d. per cwt. Meatmeal, for poultry. 13s. per cwt. 'Oyster or pipi shell grit, five-bag lots, ss. 9d.; lesser lots 6s per 1001 b bags.- Oats, machine-dressed seed Algerians. 6s. 6d.: farmers’ dressed seed Algerians, 55.; Duus, 6s to 6s. 3d.: Gartons, ss. to ss. 3d.; crushed ss. 6d. bushel, sacks in. Shelled oats, for chickens. Bs. per bushel, sacks in. South African maize, whole, 7s. 6d.; crushed. Bs. Barley, feed, 65.; seed, 6s. 9d. ner bushel Rye corn five-sack lots or over 6s. lOd.; single. 7s. bushel sacks in. Partridge ocas. Bs. Feed peas 7s. 6d. Prussian blue, 10s., sacks in. Wheat, milling, Bs. 3d. par bushel sacks In. Eggs first-grade new laid, 2s. lOd. to 35. : pullets. 2s. &d.: storekeepers’ 2s. 9d. : preserved. 2s. 3d. to 2s. 4d. Butter, farmers' separator bulk. Is. 3d to Is. 5d.; dairy pats. Is 3d. to Is 6d. Turkeys, ’is. Id. to la 4d. ner lb. Ducks, Bunners young, 10s to 125.; lairge whites 12s. to 145.; old. 7s 6d. to 10s. pair. Fowls. White Leghorns, 4s. 6d to 55.; Black Orpingtons and similar heavy varieties. 6s. 6d. to Bs. 6d. pair. Fungus 9d. per lb. Dressed nork. 60’s to 92’s. 7d. to Bd. p-.r lb. Sucking pigs. 7Jd. to Bjd. Sucrosine, half-ton lots. £l2; lesser lots. 12s. 6d. Blenheim chaff, prime, good bright. £lO 55.: good heavy. £9 155.; Australian wlicaten £l3 ner ton net, eucke in. Cow chaff. tolots. £8 ; sack lots, 7s. rack Rock salt 6s. 6d per bag. Molasses.in casks. 4"s cask; in cwt. cases. 8s 6d "er case Mutton birds, tn C”s’’s about 450, 6d. per bird. Bran ha’f-ton lo’s or o'er. £lO pcton Pollard, half-t'ii lots or d”dr. £T per ton. Barley pollard, half-ton lots £lO 10s.: lesser lots, Ils. Granulated charcoal, 14s. 9d. ner bag. Basic slag. £5 15s per ton. less discounts Potatoes, ton lots Cantorburv £8 to £9 ton: North Island £6 10s. to £7 ton. Farl- seed p-tatoes, Airran Chief, £7; Gamekeener, £7 Us. Snttoa Supreme, £l2 10s.: King Edward £9 ’Os. P’cklers. 1 3 d. per lb Smith Island grown, ton lots, £l4 10s. to £l6.

COMMERCIAL ITEMS WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES A sale of Bank of New Zealand shares at 61s. was reported at the morning call yesterday, and at the afternoon call a sale of Bank of Australasia shares at £l4 Is. Gd. was reported. Government stocks and bonds , wore in good demand with buyers of the 4J per cents, at £96 Ills, and the 5J per cents, at £99 7s. 6d. Bank shares were firm. 1 here were bids of £l4 for Bank of Australasia shares, 30s. C-L for Commercial Bank ordinary, £6 17s. for National Bank, 60s. lOd. for Bank of New Zealand and £l5 4s. for Union Bank, the latter showing an advance of Is. Goldbrough Mort ad Co.’s shares were firm at 48s. 6d.. and National Mortgage nt 755. Gd. There were buyers of Equitable Bui’ding shares at £9, and N.Z. Guarantee Corporation ordinary at 9s. 6(1. Tin re was a fair demand for Wellington Gas shares with buyers of the oddinaly at 275. and preference at l«s. Insurance shares were very firm. There weie bids of 78s. for National Insurance. 395. 6d. for New Zealand Insurance, and 555. for South British Insurance. N.ZI Refrigerating sharps 16s. paid were firm nt Bs. There were buyers of Huddarf Parker ordinary shares at 43-s. fkl.. Wellington Wollen preference, at £6 7s. 6<L, Westport Cpa 1 at 38s. cum. dividend, Leyland O’Brien Timber at 41s. 9(1., Manning and Co. at 395.. Electrolytic Zinc preference at 355. and N.Z. Drug at 38s. Yesterday’s buying and selling quotations were as under:—

SALES IN OTHER CENTRES

By Telegram.—Press Assojilhon. Christchurch, May 28. Sales reported: National Bank of New Zealand, £0 Ills, fid.; Bank ot New Zealand, fils.; Union Bank, £l5 sfi. (two parcels); Westport Coal (cum. div.). 38s. 3d.; Christchurch Gas, 235<9d.; Kawarau Gold Mining, 7s. Bd. (two parcels); Colonial Sugar, £52 15s. Sales: New Zealand Government 51 per cent. Inscribed Stock (1033), £9O 7s. Gd.; South British Insurance, 575. Cd.; Goldsbrough Mort, 40s. Id. (two parcels); Colonial Sugar, £52 10s. Dunedin, May 28. Sales: Bank of New Zealand, 61s. (five parcels); St. Bat.han's (“A” issue), par. Sales reported: Bank of New Zealand, fils, (six parcels) ; New Zealand Coal and Oil, Is.; New Zealand Drug. GBs. fid.; Kawarau, 7s. 7d.; 8.A.W.R.A., 125.; New Zealand Breweries, 595. 3d. Auckland, May 28. Sales: Inscribed Stock (1938), £9G 10s.; Soldiers’ Inscribed Stock, £99 10s.; New Zealand Breweries (debentures), 2Cs. (Id.; Bank of New Zealand. 61s. (two sales); Union Bank of Australia, £l5 55., £l5 ss. 6d.; Goldsbrough Mort, 495.; . Auckland Gas (cont.), Bs. fid.; .1. Staples and Co., 38s. 6d.; Henry Jones Co-op.. 475. 3d.; Sanford, Ltd.. 20s. 5d.; Sanford, Ltd. (pref.), 215.; Wilson’s Cement, 365.; Lucky Shot (cont.). Is.; Kawarau. 7s. 7d.: New Waiotahi (cont.), Is. 6d.. Is. 5d.; Waihi, 195.; Waihi Grand Junction, Is. WILSON’S (N.Z.) PORTLAND CEMENT The balance-sheet of Wilson’s (N.Z.) Portland Cement Ltd. for the year ended March 31 last states the net profit after providing for depreciation, bad debts, and taxer., amounted tq £86,411, as against .£67,977 in the previous year, an increase of £18,434, which is a very big jump for net profits. There Was brought forward from the previous year £52,810, making available £130,212. The dividend for fho yeai at the rate of 10 per cent., or 2s. per share, absorbs £60,000, the sura of £25,000 is placed to reserve, aud a balance of £54,212 is carried forward. The dividend is 4d. per share more than was paid last year. The balance-sheet items, with those for last year in parentheses, are as follow (—Liabilities: Paid-up capital, £WO,COO (£600)000); cieditors, including provision for income tax, £63,578 (£69,623); marine insurance account, £10,534 (£17,145); profit and loss £114,212 (£77,801). Assets: Freehold land, buildings, plant, works, etc., £115,860 (£437,270); stock of cement, £36,990 (£45,022) ; sundry debtors, £81,758 (£81,084); Wilson’s collieries and N.Z. Government stock, £221,580 (£137,980); cash and bank balances. £38.747 (£56,002).T0tal assets, £794 935 (£757,958). An amount of £21,410 has been written off land, buildings, plant, etc., and the investments have increased bv £83,600, while on the other hand the cash balances have decreased by £17,255. WHEAT AND OTHER PRODUCE London, May 27. Wheat: Cargoes quiet, unchanged. Parcels, small demand; 3d. up Sales, 595. 6d. to 60s. 9d. a quarter. Liverpool futures:. May, Ils. Bd.; July, Ils. 42d.; October. 10s. 7Sd. Modcv».tP business passing, spot Australian, ex .ship, 635. Flour- Q.iufct, easier Australian, ex store, 465. 9d uih -li iv tending to cosier. Peas. Firm, urx-langed B;ans: Quiet Melbourne, May 28. Wheat: Sellers. 6s c.Q buyers, 6s. 4d. and 6d. 4id.; farmers’ lots. 6s. 2Jd. to 6s. 3d. a busnel. Oats: Milling. 3s. Bd. to 3s. 9d.: feed, 3s. to 3s. 2d. a bushel. Barley: English, 4s. to 4s. 6d.: Cape, 3s. 9d. to 4s. a bushel. Potatoes: £9 10s. to £ll a ton. Onions: £lB to £l9 10s. a ton. The hides market is irregular. Kips are id. lower; lights in sloppy condition. Jd. lower. Other grades firm at late rates. NEW ZEALAND FRUIT AT LIVERPOOL. London, May 27. At the sales at Liverpool the Turakina’s New Zealand apple.- brought Its. ,6d. to* 14s. a case, and the Surrey’s and Turakina’s New Zealand pears Clairgeau. 6s. 9d. to 7s. 9d.; Packham's,. 4s. 6d. to 4s. 9d. : Vicar’s, 4s. to ss. 6d.; Winter Cole. 3s.’to 6s. 6d.; Winter Nelis. ss. 3d. to 6s. 9«L ' PRICE OF GOLD Lonoon, May 27. The price ot geld is £4 4s. Hid. per ounceP. AND O. STOCK. London, May 27. P. and O. Deferred Stock £257: THE METALS MARKETS. (Rec. May 28, 8.45 p.m.) London, May 27. Copper.—On spot, £56 3s 9d per ton; forward delivery £57 Is. 3d. Lead—£2B ICs. and £2B 18s, 9d. Spelter. —£3l 17s. 6d. and £22 7s. 6d. Tin.—£267 17s. 6d. Silver.—Standard, 30 1-16(1 per ounce; fine, 32 7-16 d. EXCHANGE RATES. London, May 27. Foreign rates of exchange on May 27, as compared with par rates or as averaged first half of 1914 are as follow:— May 27- May 25. Par.

“A truce to this unpleasantness”— D’ Aubrev. Nothing is more inconvenient and unpleasant than an Autumn cough or cold. Occurring right at the commencement of the cold season, such complaints may lead to serious complications unless treated at once. The 'ideal remedy is, of course, Baxter’s Lung Preserver —the rich, warming, penetrative specific that is. always to be relied upon. A close in time mav save trouble later on. You can obtain a generous-sized bottle for 2s 6d from any chemist or store; or, better still, get the family size at 4s. 6d.—Advt.

Buyers. Sellers. N.Z GOVT. LOANSs. < . £ s. 4£ p.c. Ins. Stock, 1939 4J. p.c., ditto. 1938 96 7 — 96 10 (I — 5A p.c.. ditto. 1933 99 5 0 — ■ 51 p.c.. ditto, 1927-41 ... — 98 0 0 p.c., Bonds, 1941 96 5 0 —— Ak p.c.. ditto. 1939 96 10 0 — 4? p.c.. ditto, 1938 96 10 0 —— 5i p.c.. ditto, 1933 debentures99 7 6 — Wellington Gas BANKS100 0 0 — Australasia 14 0 0 14 3 0 Com. of Aust. (ord.)... 1 10 9 — National of N.Z 6 17 0 —- New Zealand 3 0 0 3 1 1 Union of Australia ... FINANCIAL— Abraham & Williams 15 4 0 — — 4 1 0 Goldsbrough. Mort. ... 2 8 6 Equitable Building .... 9 0 0 — National Mortgage ... N Z. Guarantee Corp. 3 15 6 3 17 0 0 9 6 0 to 0 N.z7 "investment, Mort., 0 8 9 GAS-" Wellington (ord.) 1 7 0 0 16 0 INSURANCE!National 3 18 ■0 — New Zealand 1 19 6 — South British MEAT PRESERVING— 2 15 6 — N.Z Refrig. (10s.) TRANSPORT0 8 0 — Huddart-Parkcr (ord.) WOOLLEN2 3 9 — Wellington (pref.) 6 7 6 COALWest no rt. (cum.) TIMBER1 18 0 - Levland-O’Bricn 2 1 9 2 3 0 National — 0 18 6 BREWERIES1 2 Mpnniner find Co 1 19 0 N.Z Breweries HJSCELLANEOUS— 1 15 2 19 9 "lectrolvti" Zin" (pref.) 0 — National Electric 1 0 C 0 Wilsons Cement • — 1 16 3 miningHotmt Lyell »•••• Waihi > Kawawt 0 18 0 7 9 r 1 6 0 19 9 3

New York, dols. 4.86 7-16 4.866 to £1 4.86 9-16 Montreal, dols. to 4.S66 £1 4.86 4.868 Paris, francs to 146.87 £1 146. G3 25.22* Brussels, francs 146.50 25.22} to £ 1 153.37 Amsterdam, florins 12.10} 12.107 to £1 12.10 Stockholm, knr. to 18.12 £1 18.17 18.17 Oslo, knr. to £1 22.41 22.50 18.12 Copenhagen, knr. 18.54 18.12 to £1 1S.51 Berlin, Reichsmark to £1 .. 20.43 20.43 — Romo, lire to £1 128.75 126.37 25.22} Yokohama, pence 23 3-16 24.4S to yen 23 3-16 Calcutta, pence to rupee 17 15-16 17 15-10 24 Hong-Kong, pence 24 to dol ... 27J 2'8 Batavia, florins to 12.08 £1 12.08 —