FARM & COMMERCIAL

Dominion, Volume 21, Issue 119, 17 February 1928, Page 12

FARM & COMMERCIAL

NEWS AND NOTES

AUCTION SALES TO-DAY. Feilding, 11.30 a.m.—Annual Ewe Fair, y Willeston Street, 10.39 a.m. —Sale of show-cases, mirrors, office furniture, etc. (E. Johnston and Co.). 98 Manners Street, 2 p.m. —Sale of household furniture, etc. (Ramsey Wilson ami Co.). To Aro House, Cuba Street, 1.30 p.m.— Sale of linoleums (E. Johnston and Co.). 108 Cuba Street. 2 p.m.—Sale of contents of 5-roomed residence (Silverstone and Co.). TO-MORROW. Wellington Road. Paekakariki, 2.15 p.m. —Sale of property, on account Public Trustee (11. E. Leighton). “Strathmore,” Murray Street, Upper Hutt. 1.30 p.m.—Sale of household furniture, motor-car, etc. (E. Johnston and Co.). MONDAY. Woodbank Y'nrds, Dannevirke, 12.30 p.m.—Wimbledon sale (Williams ami Kettle, Ltd.). Haywards, 1.15 p.m.—Unreserved clearing sale (Dalgety and Co. and N.Z.L. and M.A.). Pahiatua Ewe Fair, 11.30 a.m. —N.Z.L. and M.A.). FARMING INTERESTS MASTERTON RAM FAIR ROMNEYS SOLD H. H. GORRINGE SECURES HIGHEST PRICE Dominion Special Service. Masterton, February 16. Tho annual stud and flock ram fair of tho Masterton Agricultural and Pastoral Association was held at Solway to-day, when there was a large attendance of buyers from all parts of New Zealand. For the first day a total of .33 stud and 150 flock lots were catalogued, although not all of these were offered. The whole entry was of Romneys. The highest-priced ram was disposed of by Dalgety and Co., Ltd., for H. H. Gorringe, the buyer being C. H. Hewitt (Pirinoa) at 75gns. The next highest price was 70gns. paid by the same buyer to W. Perry and Son, through the' New Zealand Farmers’ Cooperative Distributing Co., Ltd., for a two-shear ram. Two flock animals, vTittfea by D. R. Daysh, tach brought 18gns., the next best price being 16gns. for Wm. Perry and Sons’ first prize show pen ot four. Except' in a few cases bidding was very slow, and particularly toward the end of the day many lots were passed over.. To-morrow Lincolns and Southdowns will be offered. Details of to-day’s sales arc as follow (the sheep aro one-shear, except where otherwise stated):— STUD ROMNEY RAMS. Account H. J. Rayner, to Mrs. A. J. Ruthcrfurd (Alfredton), one at ISgns. Account H. H. Gorringe, to F. E. Dorset (OpakD, one at 24gns.; to C. H. D. Hewitt (Carterton), ono at 75gns.; to Mrs. A. J. Ruthcrfurd, ono at 35gns.; to D. S. Warren (Pirinoa), one at 25 gns.; to T. Dunn (Thurau), ono at 20 gns. Account W. Perry and Son. to A. P. Southey (Manain), one at 52gns.; to R. Seddoii (Hamilton), ono at 41 gns.; to Alorton (Silverhope), ono at 20gns.; to C. H. Howitt (Pirinoa). one twoshear at 70gns. Account A. P. Southey, to Wright, Stephenson and Co. as agents, one at 19gns., 4.3gn5.; to J. Campbell, junr. (Mount Bruce), one at 14gns. Account Blatchford Bros., to J. Douglas (Tinui). ono at 15gns and one at 14gns.; to Wright, Stephenson and Co., as agents, one at 15gns.; to J. Campbell, Jun.; one at 14gns. to .T. B. Boese (Otane): one at llgns. to W. Dalgliesh (Canterbury); one at Hgns. Account W. Rayner, to W. J. Cottle (Kopuaranga). Ono at 18 gns.; to Mrs. A. J. Ruthcrfurd, one at 19gns. Account F. W. Blatchford, to Blatchford Bros., one at Ifigns.; to Knight Estate (Banks Peninsula), one at 13gns. Account A. B. Cottle, to Dalgleish Bros., one at llgns.; to ,T. Boese, one at llgns. Account F. E. Dorset, to Wright, Stephenson and Co. as agent's, one at 20gns. and one at 14 gns. ‘ Account R. Buick, to J. Campbell. jun. one at I.3gns. Account L. 11. Wilton, to J. L. Heckler (Huraua), one at 17gns. FLOCK ROMNEY RAMS.

Account W. Perry and Son, first prize show pen, four, to Wright Stephenson and Co., Ltd., as agents, ICgns. Account O. Donald, second prize show pen, four, to 11. 11. Mawley (Masterton), 12 gns. Account G. McKenzie, third prize show'pen, four, to W. H. Speedy (Dannevirke) llgns. Account D. Anderson, to Hume Estate (Pirlnoa), sgns. Account G. Shaw, to Nitz Bros. (Te Wharau), five at 4jgus., 3gns., 4gns.; to G. Dalziell (Masterton), five at 3gns. Account Adam McKay, to IV. R. Birch (Taueru), five at Bgns.; to Treadway and Bunny (Homewood), five at Signs. Account H. J. Ravner, to 11. 11. -Mawley, five at Signs. Account Q. Donald, to 11. 11. Mawley, five at Signs. Account W. Rayner, to Groves Bros. (Tinui) one at (igns., five at BJgns.; to Wright, Stephenson, and Co., as agents, four at Ifigns.; to Groves Bros., three at Signs., four twoshear at Signs. Account W. Perry and Son, to G. 11. Hadfield (I’araparaumu), one at Bgns., ogus., 9gns., five at Signs.; to F. Perry (Martinborough), five at 5 gns. Account G. McKenzie, to W. H. Speedy, one at Signs.; to A. Colquhoun (Mauriceville) sgns.; to G. Taylor (East Coast), five at 4{gns. Account Eric Rayner, to Levin and Co., five at 4gus.; to A. Rowbothom (Otane), livu at Signs. Account D. Smith to Sheehan Estate (Ekctaliuua), five at Signs., five at 4igns. Account W. ,1. Cotttle, to T. Butler and Sons (Waipawa), one at Bgns., igns., 5i gns., one to 11. 11. Mawley, 6gns. Account P. AL Compton, to A. C. Feast iCarterton). five at 4gns.; to Tripe Estate (Eketahuna), five at E. Arcus (Martinborough). five at 4igns.; to Pharazyn Estate (Kopuaranga), five at 4gns. Account 11. W. !x>e and Son, to E. J. Wright Kopuaranga), one at 6gns. Account F. E. Dorset, to Wright, Stephenson and Co., as agents, ono at 13gns.; to W. T. Douglas (Masterton), one at 9gns„ 14il?ns.; to Knight’s Estate (Banks Peninsula), five at ISigns., one at 13gns„ 9gns„ 12gns„ 13i gns.: to W. R. Birch (Taueru). five at 9gns.; to Graham Pros (Wangaehii). five at 7gns. Acount 11. Buick, to R. Thomas (llannui), one at 4gns„ 4gns. Account It. Buick, to Sutherland Bros. Tlinekura), one at sgns.; to IT. G. Groves (MarangaD, fiva at 6gns. Account W. IT. Buick and Son. to A. V. Nieholl (Pahiatua), five at 3gns. Account Estate IT. J. Dagg. to O. A Bunny (Masterton), five at 3gns. Account A. and J. Gray, to F. Lowes (Eketaliuna), four two-shear nnd one oneshear at 2igns.; to B Schooled (Te Wharau) five one-schear at XJgns., four at 2lgns. Account Estate C. Wagbind, to A Southey (Eketahuna), five at Ign. Account E. L. Riddiford. to D. W. Gray (Pongaroa). five two-shear at. Ign.; to Sutherland Bros., five two-shear at Ign.; to 0. A. Bunny, five two-shear at Hgns.. 2'nis Acount C. -I- Nix. to IT Engall (Wcstmere’l. five at 3gns. Account W. Howard Booth, to C. PaHiser (Whnrearna). five at 4gns.: to IT. IT. Mawlev. five at sgns. Acount A. I'. Viles, to E Rising (Pahiatua). four nt Zgns. Account D. fi. Wnrren. to R. McKin’tey (Te Wharau), five at 31gns : to IT. Eing.all (Westmere) five at 3gns. Account Mrs S E. M. Holmes, to J. Kirkcnldio 'Makara). five at. Signs.: to IT. G. Groves, five at 41gns. Account L. H. Wilton, tn ,1. Olsen, five nt Sens.; to G. Dalziell. five at. 41gns.. 41gns. Account W. A. Downes, to ,1. Duncan 'Turamea). one nt Signs.. 2gns.: to P. E. Wall (Paliintna). one at 3gns.; to J. Campbell (Mount Druce), three at 21gna.; to J Duncan, five nt 21gns. Account A. R Cottle, to F. Clemens (Pongaroal. four nt Rgns. Acount F Court, to ,T C. Conner (Pidoford). five nt 2ens. Account F. Court tn M D. Colouhoiin. five at. 2ens. Account, rr. n Goninge. to S. V. Burrfdee (Lower Hutt), vent llgns. Account IT. 0. Wilkinson, to B. Schofield, five at Signs.; to

Tn Mcltae (Orui).five at 6igns.; to B. Wright iTiraumea), five at3gns.; to A. D. Eglinton (Pabiatua), five at Signs. Acount It. JI. Perry, to R. Maunsell (Tinui), five at 7gns ; to G. Harvey (Rangitun au), five at Signs.; to Hume Estate, five at Bgns.; to A~ M. Colquhoun, two at sgns. Account W. Booth and Hons, to It. Cameron (Dreyer’s Rock), five at 2igns. Account J. McGregor, Jnr., to Sutherland Bros., five at 3gns.; to A. Southey, five at 2gns.; to E. Schofield, five at 2Jgns. Account N. G. Rayner, to A. V. Nicholls (Ngature), five at 3gns. Account R. and F. Gray, to W. Dalzicll (Masterton), five at Signs.; to. M. D. Colquhoun (Feilding), five at Signs.; to A. M. Colquhoun (Mauriceville), five at 4|gns.; to S. McLeod (Pahiatua), five at 4gns. Account D. R. Daysh, to Dalgleish Bros. (Bank’s Peninsula), one at ISgns.; five at 14gns.; to W. H. Speedy (Dannevirke), one at ISgns ; five at lOgns.; to F. Dorset, one at 18gns.; to J. Palmer 'Ashhurst), one at 18gns. Account G. O. Williams, to A. 11. Falloon (Wangaehu), five at 4gns.; to F. Baker (Russell), five at. 3Jgns.; to N. R. Wyeth (Mount Bruce), five at 2gns. Account Wairarapa Training Farm, to Tildesley Estate (Mangamahoe). five at 9igns.; to Cheetham Estate (Alfredton), five at 9gns.; to R. S. Pilmer (Tinui), five at 6jgns.; to W. Dalziell, five at 7gns. Account S. Holmes Warren, to H. Judd (Waipukurau), five at Bgns.; to F. M. Gregory (Pahiatua), five at 4gns.; to M. D. Colquhoun (Feilding), five at sgns. Account A. D. Eglington. to A. Southey (Eketahuna), five two shear at one guinea. Account N. Matthews, to J. Kirkcaldie (Mnkara), five at 4Jgns.; to R. S. Pilmer (Tinui), five at 4gns. Account J. 11. Tatham, to Levin and Co., four at sgns. Account Blatchford Bros., to W. Speedy, one at llgns.. one at Bgns., and one at llgns.; to A. Wyeth, one at sgns.; to J. Campbell, jun., one nt 14gns.; to Beetham Bros. (Korarau). five at 11J gns.; to Scofield Estate (Tinui), five at Sgns. Account J. Bourke, to J. C. Cooper, five at Ijgns.; to A. Southey, three at ljgns. Account G. Shaw, to Sutherland Bros., five two-shear at 2gns.; to A. Southey, five two-shear at 2Jgns. Account Adam McKay, to W. Dalziell, five at GJgns. Account IL J. Rayner, to A. Bartholomew, five at 3Agns.; to M. D. Colquhoun, five nt 4gns." Account W. Perry and Son, to J. Duncan, one at 3gns.; to H. B. Lethbridge, five at 4gns.; to J. M. Whiteman (Wallaceville), four two-shear at CJgns. Account Eric Rayner to E. IL Scofield, five at 2Jgns. Account P. Af. Compton, to T. R. Barber (Te Wharau), five two-shear at 2gns. Account F. E. Dorset, to A. Southey, five at 2gns.; to J. C. Campbell, sen., five at 34gns. Account R. Buick, t oA. Southey, five at Ign. Account E. L. Riddiford, to D. W. Gray (Pongaroa). five at 3Jgns.; to McCrae’s Estate (Weraiti), five at Olgns.; to J. C. Cooper, five at Bgns. Account Mrs’. S. E. Holmes, to T. Butler and Sons, one at sgns. and one at 7gns.; to J. C. Cooper, one at 2gns. Account H. H. Gorringe. to T. Butler and Sons five at sJgns. Account J. McGregor, jun.’, to J. C. Copoer, five nt Account R. and F, Gray, to T. Butler and Sons, five at 2gns. Account G. C. Williams, to N. Wyeth, five at Ign.: to «T. C. Cooper, five at Ign. Account N. Matthews, to T, R. Barrer, five at 2gns. Account Blatchford Bros., to J. B. Boese. five at llgns.; to C. Clemens, one at lOgns. Account estate C. Waffland, to C. Clemens, one at sffns.. one at 12ffns., one at 7gns., and one at 7gns.: to J. Campbell, jun., one at 15igns.; to J. B. Boese, one at 3gns.

LONDON TALLOW SALES Mesrs. Dalgety and Company, Limited, report having received the following cablegram from their London house under date February 15:—Tallow: 466 casks offered, 149 casks gold. Prices are unchanged. The Bank of New Zealand has received the following advice from its Lcndon office, under date February 15:—Tallow in fair demand at vurreiit prices. STOCK SALES Messrs. Abrahams and-Wiliams, Limited, report: Owing to the limiting of the Feilding Fair on Friday to ewes, we held a special sale at Feilding on Wednesday in conjunction with the other firms. There was a large entry of lambs and a small entry of ewes and cattle. Buyers were in attendance in fair numbers and we report a total clearance of both sheep and cattle. Quotations: filieep, fat wethers, 255. 3d.; fat ewes, 17s. 6d. to 195.: b.f. shorn lambs, IDs. 3d., Ils., 12s„ 13s„ 13s. 2d„ 13s. 3d„ 13s. Bd., 145., 14s. Id., 14s. 10d. to 16s. 4d. Cattle: Fat cows .<£4 55., £5 6s. to £5 12s. 6d.; fat heifers. £4 155.; weaner heifers, <62 6s. Messrs. Dalgety and Company, Ltd., report having had a fair entry of sheep and lambs at their Hunterville sale on Tuesday. Sales were made as follow:— Four-year ewes, 20s. 4d.; two-tooth ewes, 255. lid.; small Romney wether lambs,’ Ils. 9d. to 12s. Id.; tunall Romney ewe lambs, 14s. (id. to 14s. Bd.; small twotooth ewes, 205.; mixed cull lambs, Ss. lOd.; two-shear Romney rams, 1 to 21 guineas; one-shera Romney rams, i to 11 guineas; four-year Romney rams, 2J guineas. DAIRY PRODUCE MARKET Messrs. Joseph Nathan and Company, Limited, have received the following cablegram from their London office, dated February 15:—New Zealand butter, 1645. per cwt.; New Zealand cheese, 945. per cwt. Both markets quiet. The Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London house, under date February 15 (previous week's qutations in parentheses) :—Butter. New Zealand choicest, 1645. per cwt. (160 s. to 1625.). Market slow. Cheese. 935. to 945. per cwt. (925. to 935.). Market firm. COMMERCIAL ITEMS WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES \t the morning call of the Wellington Stock Exchange yesterday no sales were reported. Bu: iness was reported at the afternoon call in sales of New Zealand Government 5J per cent. Bonds (193 G at £lOl 2s 6d.; National Bank of Australasia £8 195.; Bank of New Zealand, £2 18s. Cd.; Wellington Trust, Loan, and Investment Co. £6 15s. Buying and selling quotations were:— Buyers. Sellers.

SALES IN OTHER CENTRES Dunedin, February 16. Sales: Wawarau, 6d.; Mosgiel Woollen, £6 10s. Christchurch, February 16. Sates: Commercial Bauk of Australia, 275. 8(1.. 275. 7d., 275. Bd.; Bauk of New Zealand. 58s. 5d.; Bank of New South Wales (cum. diy.). £47 155.; New Zealand Insurance, 415.; South British Insurance, 575. 9d. (two parcels), 575. lOd (two parcels); New Zealnad Refrigerating (contributing), 7s. lOd.; Stockton Coal (ordl. Is. 3d.; Beath and Co., 325. 6d.; Mt. Lyell, 295. ltd. Sales reported: National Bank of Australia (£lO paid), £lB Is.; New Zealand Government 4J per cent. Inscribed Stock (1938>, £97 2s. 6(1.; Commercial Bank of Australia (rights). 7s. 3d.; Devonport Ferry, 245. 5d.; New Zealud Breweries, 435.: Taranaki Oil, 10s. 3d., IC*. 6'J Auckland, February 16. Sales: National Bank of New Zealand. £6 19s. 6d.; Bank of New Zealand, 58s. 6d.; Auckland Gas, 225. 4d.; Devonport Steam Ferry, 245. 6d.; Howard Smith, 28s. 9d.; British Tohaco, 395. 9d.; Thames Theatre, 18s.; Whittome. Stevenson, 465.; Wilson Cement, 385.; Waihi, 9s. 9d.. 10s. AUSTRALIAN BUTTER PRICES Tho Melbourne “Argus” states that, although a resolution was passed approving tho principles of co-ordination of prices and an all Australian price for butter, there are few in Victoria, even among the leaders of the industry, who understand the practical application of tho plan. Some of the principles of co-ordination as conducted in Queensland were explained by a visitor from that State. The basis of the plan is that by taking the price of butter ruling in tho State and the price of butter on the London market a mean price is reached which controls payments to the butter factories. To arrive at “equalised” price for any period all butter sold outside the Stato is regarded as a sale in London and dealt with according to the price ruling in London at a fixed date after sale. The board controlling the butter market has then three prices to consider—the price at which butter has been sold on the local market, the price in London, and the mean of these prices according to the proportions of the respective sales. The unknown factor at the time of making any such sale in Queensland is the London price, with which it will be “equalised. The board calculates the London price on the basis of gales made in London almost three months after date of shipment from Australia; that is, allowing for about eight weeks in transit and three to four weeks for the butter to be marketed. The sellers are not called upon to forgo the use of the money realised by sales for all this time, as an interim “equalisation” payment is made, and this is based on the board’s opinion of the probable price in London at the time of the sale of the butter exported. The interim payment is not always conservative, sb that it often happens that factories are overpaid for their butter, and adjustments have to be made at a later date. The result of this system is said to be that selling agents can never tell how much they will receive for any butter they may sell. For three months they have to wait until the returns are made available, and their only basis for the estimation of results is the hypothetical Erice of butter in London three months ence. WHEAT AVERAGES Although New Zealand has been growing wheat lor many years, one cannot remember a time . when a committed fixed the average rates of wheat for the season. In Australia every State deals with its own wheat crops. Thus in New South Wales out of five weighings the average was fixed at 60Jlb. to uie Imperial bushel, and the South Australian standard was put at 621 b. In the 1926-27 season the South Australian standard was 611 b., the New South Wales standard 6Hlb., and the West Australian standard 6131 b. In Victoria at a meeting convened the Corn Trade Section Committee ol the Melbourne Chamber of Commerce, repicsentatives of millers, merchants, the Victorian Wheat- Growers’ Association, the Agricultural Department, Chamber ot Agriculture, and Corn Trade (Sectional Committee of tile Chamber were present. It was explained that' several hundred samples had been taken from trucks at Scabord and re, resented all the wheatgrowing districts in the State. The wheat had been well mixed. In view or tlie poor harvest, the sample was considered very good. The grain was very even and of a good, bright colour. A satisfactory feature was that the sample contained a considerably smaller propor< tion of smut than in previous years. Five weighings were taken from the bulk heap and the average was fi.xed at 6151 b. to tho Imperial bushel. Last year the standard was 61Jlb. and in 1925-26 it was 62J16. The popular belief is that wheat weighs 601 b. to the bushel, but it will be seen that the weight actually varies. Those who buy Victorian wheat this season can claim 61U.b. to the bushel. CHICAGO WOOL PRICES. Chicago, February 15. Wheat futures: March, 1 dolla.r 301 cents per bushel; May, 1 dollar 303 cents; July, 1 dollar 27J cents. PRIOE OF GOLD. London, February 15. The price of gold is £4 4s. lid. per oz. HAURAKI MINES CONSOLIDATED. ’ LIMITED. The manager of Hauraki Mines Consolidated. Limited., reports under date February 13:—-"The seaward race of the ■4ooft. level has bceu advanced 18ft. for the fortnight. The reef averages 18in. in width and strong dabs ol gold continue to be seen in the Quartz broken. The face is now 13ft. beyond the estimated junction with tho Green Harp reef. Work has been resumed in the rise started some time ago on the junction of this and the now reef, with the intention of connecting with the lowest level from the Palmerston shaft for ventilation purposes. The back of the rise is up 20ft. fro mthe floor of the 4Coft. level. The reef is the full width of the rise, and is of friable and kindly nature. The Hauraki shaft is down to the 500 ft. level. Cutting out the chamber is in progress. The country is big blocky ground with fine black mineral seams at the joins. The crosscut towards the Hauraki North sectioi ha’ been advanced 17ft. for the fortnight-, the face being 383 ft. from the New reef. The country rock being penetrated is a milder and more altered rock than that met with from tho starting point. The battery machinery and building is being overhauled in readiness for starting crushing operations. PHILADELPHIA BANK RATE RAISED. Washington, February 15. The Federal Reserve Board announced that the Philadelphia Federal Reserve Bank would raise the re-discount rate from 3i to 4 per cent, on February 16. MELBOURNE LOAN. London, February 15. The underwriters are saddled with 80 per cent, of the Melbourne and Metropolitan Board of Works Loan of a million sterling issued at 97 at five per cent.

AUSTRALIAN PRODUCE MARKETS. (Rec. February 16. 9.55 p.m.) Sydney, February 16. Wheat, at country stations, 4s. 5Jd. per bushel; ex truck Sydney. ss. Id Flour—Export trade is stil lifeless; local. £l2 ss. per ton. Bran, £7 per ton. Pollard. £8 per ton. Oats. Tasmanian white. ss. per bushel; Algerian 4s. 6d. to 4s. lOd. Maize, 3s. 6d. to 3s 9d. per bushel. Potatoes, £6 to £7 10s. per ton; local, £4 10s. Onion, Victorian. £l4 per ,f " l ' Adelaide, February Is. Wheat in growers' lots. ss. • parcels. ss. 21d. Flour. £l2 IZS. ad Bran £6 155.; pollard, £7 7s. 6d. Oats. 3s. 3d. to Melbourne. February 10. At the hides sales kips and stouts were unchanged, and other classes were a farthing to a halfpenny lower.

CUSTOMS REVENUE. The Customs revenue collected at the port of Wellington yesterday totalled £7487.

N Z. GOVT. LOANS— £ s. d. £ S. (1. 4* p.c. Ins. Stk., 1039 97 41 n.c. ditto, 1938 ... 97 0 u •— 0 0 — 54 n.c. ditto, 1933 ... MO 15 0 101 o 0 54 p.c. ditto, 193G ... MO 15 0 101 o 0 41 p.c. Bonds, 1941 .. 97 0 0 — 4 4 n.c. ditto 1939 ... 97 0 0 41 n.c. ditto. 1938 ... 97 0 0 51 n.c. ditto, 1933 ...101 0 0 101 — 51 p.c. ditto. 1930 ... 101 0 0 5 0 DEBENTURESWellington Gas 10 8 — N.Z. Breweries (stock) 1 Ditto (bonds) 1 9 1 3 0 Wanganui City, 51 p.c.. 1915 10u 0 0 — BANKS— Commercial of Aust. 3 (ord.) 3 7 5 Dido (rights) 0 7 0 0 7 English, Scottish, and Australian 7 19 0 New Zealand 2 IS 4 18 9 Ditto “D” shares (pa.) 1 f> 3 — Union of Aust 14 14 0 — FINANCIAL— 13 Dalgety and Co —— 17 0 Gohlshrough Mort .. — 8 C Equitable Building .. NZ Guarantee Corp. 9 0 (ord., 8s.) —— 0 8 9 Ditto (pref.) 1 1 0 •— NZ. Invest., Mortg., 9 and Deposit 0 0 Well. Invest., T. & A. 0 10 3 0 11 0 Well. Trust, Loan, and Investment — 6 17 6 insurance— National •— New Zealand — 2 0 6 South British 2 17 6 MEAT PRESERVING- — 1 17 6 N Z Refrigerat. (10s.) — 0 7 11 Well. Meat Export (ord.) 0 9 9 — transport— Huddart-Parker (ord.) — 11 Ditto (pref.) 1 1 0 Union Steam (pref.),.. 1 0 0

WOOLLEN— Wellington (ord.) ... ■— 6 4 0 COAL— Westport-Stockton (ord.) 0 1 4 —- Ditto (pref.) — 0 3 9 Wai pa 0 16 9 — TIMBER— Levland-O’Brien — 1 16 9 National —- 0 12 6 BREWERIES— New Zealand .. 2 1 0 — Staples an 1 Co —— 1 17 6 Tui ■ ’ 0 0 —— MISCELLANEOUS— Burns, I’hilp, and Co. — *> *> 3 British Tobacco (Aust.) . (ord.) — 2 0 0 Dental and Medical Supply — 6 0 16 0 D.I.C. (pref.) 1 0 —— Electrolytic Zinc (pref.) (cum. div.) — 1 13 0 Howard Smith 1 7 9 — N.Z. Farmers’ Fortiliser 4 0 0 —• N.Z. Paper Mills .... — 0 17 0 Sharland & Co. (ord.) 1 0 9 Whitcombe i.nd Tombs (co nt rib.) 3 s 0 MINING— Mount Lyell 1 9 6 1 10 6