FARM & COMMERCIAL

Dominion, Volume 21, Issue 189, 12 May 1928, Page 12

FARM & COMMERCIAL

NEWS AND NOTE?

AUCTION SALES TO-DAY. 257 Ohiro Road. Brooklyn. 1.30 p.m.— Sale of furniture (Silverstone and Co.) MONDAY’. Greytown .Saleyards.—Sale of laud (Dalgety and Co.) Peter Street, 10.15 a.nil—Sale of ear: .10.30 a.ru., sale contents carpenters’ workshop (Ramsey Wilson and Co.) S • Willeston Street, 1.30 p.m.—Sale of wireless sets (E. Johnston ami Co.) S Willeston Street. 12.30 p.m.—-Sale ladies’ goods (E. Johnston and Co.) TUESDAY. Dominion Farmers’ Institute, 2.30 p.m. —Sale of land (11. Baker, Ud.) Maxwell, 2.30 p.m.—Sale of stoek (Farmers’ Co-op. Organization of N.Z.) Dominion Farmers’ Buildings, 7.30 p.m. —Sale of shopping sites, Hutt Valley (Commissioner Crown Lands.) Cuba Street. 1 p.m.— Sale of earpets (E. Johnston and Co.)

FARMING INTERESTS

LONDON WOOL SALES

GOOD COMPETITION PRICES UNCHANGED (Australian Press Association.) Loudon, May 10. At to-day’s sales wool sold consisted of 7100 bales, of which 4389 were Australian, 1951 New Zealand. There was a miscellaneous selection in all classes, principally of second-hand wool, and there was good general competition, but prices were Unchanged. New Zealand realisations were as follow:—Ocland, highest price, 26Jd„ average 23Jd.; Totargi, 22d. and 2<)fd.: Whare, 20(1. and 174 d. Bradford tops are dull and spinners are very quiet. Quotations: Sixty-fours quality, 53Jd.; sixty’s, 51d.; fifty-six’s, 42(1.; fifty’s, 32d.; forty-six’s, 27d.; forty's, 25Jd.

PRODUCE MARKETS CANTERBURY Bf Telegraph.-Press association Christcliurcli, May 11. The position recorded in regard to oats lias not altered to much extent. On Wednesday, however, there, was a further advance, and business was done at -is. nd. f.0.b., 5.1., t'or A. gartons, .as high ' as 3s. 7d. being paid on trucks. This, however, about represents in the meantime the peak of values, which may be described as steady. There has been an ■ exceptional amount of speculation during the week. Most of the holders have taken their profit in a fairly substaptjon one, and got'' out. Values on trucks at Canterbury stations are 3s. Gil. to 3s. 7d. for A. gartons, 235. 2d. for B.'s. The foregoing values are in advance of export parity. Latest offers from England notifying a firm market, with no change in values to date. About 24,000 sacks have been shipped Home, with more to go by the next few boats. Singularly enough, the value of Algerians has shown no reflection of the garton position. There has been some business between . merchants at 3s. 9d. to 3s. lOd. for good quality, but offers to farmers range about 2s. lOd. to 2s. lid. The chaff market is unaltered.

Wheat is being offered more freely. Sales up to 6s. 2d., f.0.b., s.l„ for Tuscan were made early in the week, but tills is not available to-day. Business at ss, 9d. on trucks was transacted, and at the moment ss. Sd. may bo quoted. Fowl wheat is slightly weaker, and spread MayNovember has been quoted at ss. 10J., f.0.b., sacks extra.

Potatoes are little changed, though the atmosphere in the North Island Is improved. To date this season shipments North exceed those for the corresponding, period last season by over 20 per cent. “Prompt" f.0.b., s.i., prices are .£4 15s. to £4 17s. Oil., Junes £5, and July's £0 2s. (Id. At the equivalent or truck price of tliese figures, farmers are slow sellers. Onions are still weak, and all classes of small seeds are unchanged in value.

BUTTER AND CHEESE ' , ' LONDON QUOTATIONS. (Australian Press Association.) I ■ London. May 10. Butter is in slightly better demand. Danish. J7Bs.; choicest salted, New Zealand, 1625. to 1045., and exceptional 16155.; Australian. 1545. to 1505.: unsalted New Zealand. IfiSs. to 1745., and Australian Litis. Cheese.—Steady; New Zealand, Otis, to 9Ss. per cwt.; Australian, 945. to Ous.

HIDE AND SHEEPSKIN SALE WELLINGTON PRICES. The fortnightly* sale of hides, sheepskins, and tallow was held yesterday, there being a good attendance o. buyers. Brokers report, that bidding was very keen for all lines, with the exception of salted skins—these, showed a tendency to drag, .and prices were slightly easier than- at last sale. P r . v K '. ;l !‘, s maintained recent values. Hides elicited strong competition, though cow ruled a little easier than late high prices. The range of prices was as tollows:— Sheepskins: Halfbred. IGJd. to 18(1.; fine crossbred, 10d; to 17J<1.: medium-course crossbred. 14d. to I(id.: short to, halfwools, Hid. to IU<L; lambs, lid. to Ifijd.: dead and damaged crossbred, HJd. to 15}d.: Inferior and badly damaged. 7ld. tol2id.: pelts, Old. to 12Jd.; dump, salted, arid green, Bs. to Us. lid.: pelts, suited. 3s. fid. to 55.; lambs, salted, 3s. Sd. to b Hides: Ox. extra heavy, 13d. to 13'1-8,1.; ox, heavv, .12111. t<r 13d.: ox. medium, 12ld. to 13d.' ox. light. 12(1. to 12|d.'; cut, slippy, and inferior, 9(1. to ll]d.: cow, heavy, 10 1-8(1 to 11 7-Sd.: cow. medium. 12 1-8(1. to 12 : |d.: cow, light, Upl. to 12? d.; cut, slippy, and inferior, 7-J(|. to 11:!il.: bull, stag, 2 1-Bd. to Did. -yearlings. 13jd. to 13 3-Bd.; vearlings. 12d. to 13Jd.; calf, superior, not quoted: calf, midlmn-good. 13Jd. Io 17 1-8(1.: calf, damaged, . s)d. to ln tins, etc., Us. (Id. to 2IN. Sundries:- Horse hair, ISO. to 2u l-Bd.. cow tails, L"ld. ' • I

LIVE STOCK SALES

FEILDING

(By Telegraph.—Press Association.)

I'cilillng, May 11

The yarding at the Feilding stock sale consisted mainly of store iambs and fat sheep. Some fair lines of breeding ewes were also offered, and sold at prices very satisfactory to vendors. The quality of the lambs was well up to the average and sold well, one line, Roniuey woolly ewe lambs, reaching 30s. Fat sheep sold very well, the market showing a rise of from 2s. to 3s. on last week. Prices:— Fat lambs (shorn). 2is.. 245. od.. 255. 3d., 265. l()d., 31s. 3d.; fat lambs (woolly), 265.. 2Ss. <<!.. '-'Us. 3d.. 355. Cd., 405.; fat ewes, 255.. 2(ls. (til.. 275.. 275. lid., 2Ss. lid.. 295. 3d.; fat wethers, 31s. 4d„ 305.: maiden ewes 325. 3d.: fat two-tooths, 30s. Oil.. 315.: four and six-tooth ewes with .Southdown rams, 305.. 355. lid.. 375. 3d.; four and fiveyear ewes, ditto, 28s. 4d., 295. (id.; four and six-tooth and four-year ewes, ditto. 335.; wether lambs, 21s. tld., 235. 4d.; owe lambs. 305.; black-face lambs, 245., 255. 2d., 265. 7d.: mixed-sex lambs, 225. Gd.: fat and forward ewes. 225.

About 250 head of cattle were yarded. Keen demand was shown for dairy cows and heifers. Store eows. weaner heifers, and fat cattle sold on a par with late sales. Prices: Springing heifers (medium), £3 10s. to £5, good £6 10s. to £9 55.: springing eows. £5 2s. Cd. to £9: cows just calved. £lO io £l2 135.: store cows. £2 to £4 Ils.: Jersey weanors, £2 ICS. to £4 10s.; fat eows, £5 15s. to £l2 12s. Fat 18-iuonths I’.A. heifers. £5 175.; store bullocks. £7 55.; Poiled-Angus yearling sieers. £5 55., £5 75.; ditto, four and five-year, heifers, £7 25.; ditto, threeyear heifers, \£s 155.; bulls, £4 to £9. AUCTIONEERS’ REPORTS. Following are sales made by various firms at the Feilding stock sale yesterday : — ' New Zealand Loan and 'Mercantile Agency Co.—Weaner heifers, 3Cs„ £2, £3 10s.: store cows, £3, £3 10s., £4 7s. Cd. to £4 11s.; fat eows. £5 155.; springing heifers, £8 7s. Cd., £8 155., to £10; fat lambs, 21 s„ 245., 20s. 7d., 325. to 355.; Store lambs, from 18s. to 215.; four and five-year ewes in lamb, 28s. 3d., 295. Cd. to 335. Dalgety and Co.—Fat lambs, 255. Gd. to 275. 10d.; fat ewes, 275. Gd. to 2l)s. 3d.; fat wethers. 345. to 3Gs. Cd.; fat twotooth. 31s. 4d. to 335. 6d.; mixed lambs, 225. Gil.; five-year ewes, r.w. Southdown, 28s. 4d.: forward two-tooths, 28s. 7d.: dairy cows, in full profit, £l3; Jersey springing heifers, £7 15s. to £9; springing cows, £8 10s. to £9; Jersey weaner heifers. £4 10s.; fat cows, £6 10s. to £7. Abraham amt Williams.—Wether lambs, 235. 4d.; five-year,old ewes, In lamb to Southdown ranis, 2l)s. 9d. to 325. 6d.; forward ewes (empty), 225. Cd.; ewe lambs. 30s. Id.: b.f. two-tooths, 30s. 3d.; forward ewes, 13s. Gd,, 165.. 14s. to 225.; fat lambs, 255. 3d., 2Cs. 10d., 255. 2(1., 28s. 3d. to 31s. 3d.: fat ewes, 245. Del.. 20s. lid., 275., 28s. Cd. to 315.: fat blaek-faees, 30s. Gd. to 305.; fat wethers, 325., 335., 30s. to 38s. Od.: springing Jersey heifers, £5. £0 10s„ £7 15s. to £9 10s.; springing cows. £8 10s., £9. to £9 155.; store cows, £2, £2 55., £2 17s. Gd., £3 95., £3 145., £3 155.; wCauer heifers. 325. Cd., £2 ss„ £2 10s. to £3 10s.; yearling Poiled-Angus steers, £5 to £5 75.; fat cows, £4 17s. 0d;, £5 128. (Id., £6 2s. Gd. to.£o 17s. (id.; Hereford cows, £l2 12s. Cd.; Poiled-Angus heifers, £5 15s. to' £7 2s.

Messrs. Dalgety and Company, Limited, report having offered a. fair yarding of sheep and a record entry of cattle at their Upper Hutt yards on Thursday. There was a large attendance of representative buyers, and prices ruled accordingly. Quotations: Wether lambs, 19s. Id. to 235. 3d.:'empty ewes, to 195.; g.m. owes, r.w.r., 255. Gd. to 205.; mixedaged wethers, 2Gs. Id.; potter rams, 10s. Cattle: Light fat cows, £5 ss. to £0 155.; fat heifers, £5 to £5 17s. Od.; cows and calves, £0 95.; forward bullocks, £9 155.; forward Cows, to £4 195.; store cows, to £4 10s.; cull cows, £3 55.; potter bulls, £4; cows In milk, to £l2 155.; springing cows, to £ll 10s.; springing heifers, to £l3; inferior dairy cows and heifers, £4 to £7. Messrs. Dalgety and Co., Ltd., report having a good yarding of sheep and fair entry of cuttle at their Tailiape sale on May l>. The yarding of sheep, which comprised principally lambs, met with keen demand, a total clearance being effected under the hammer at prices highly satisfactory to vendors. Quotations:— Woolly wether lambs, 235. (id.; shorn wether lambs, 18s. 2d., 19s. 3d„ 205., 20s. 5d., 2is. lOd.; small wether lambs; 13s. Sd., 10s. Id.: mix s6x lambs, 10s. 4(1.; small ewe Jambs, 205.; B.F. lambs, 225.: 2 and 4tooth wethers, 275. Sd.. 285.; M.A. ewes, r.w. BAL '■‘ rams. 265. ( 7d.. 30s. ' 5d.; fat cows. £6 2s. (id.: store cows. £1 17s, Gd..,, £2 10s.. £3; heifers, r.w. bull, £4 2s. Gd.; bulls. £3'2s. 0(1/

CARTERTON SALE. Dominion Special Service. Masterton. May 11. The Wairarapa Farmers’ Co-operative Association, Bt<L, report on to-day’s Carterton. sale as follows”We offered a fair entry of sheep and pigs and a small list of cattle. Sheep were in good demand. and we had a clearance under the hammer. Dairy cows were not in demand. and most of these were turned out unsold. We report:—Bs b.f. lambs, 235. Id.; 39 ditto. 18s. Bd.; 12 ditto, 18s. Id.; 3 prime fat lambs (pets). 325. to 435.: 1 heifer, just, calved. £7: one and two-year-geldings, .Uli; slips, 10s., 17s. 6d. to 20s. to 255.; weanors, 10s. to Ils. Od.; light pork'-rs, 235. to 335. The New Zealand Farmers’ Co-operative Distributing Co., Ltd., report on their Carterton sale as follows:—We had a good entry of sheep, comprising some good pens of lambs. Bidding at the auction was spirited, and every pen was sold at auction at the following prices:—Aged ewes, r.w. Southdown ram. 20s. lOd.; twotooth wethers, £1 10s. 5d.; small store wethers. 255. 9d.; good b.f. lambs, 235. 4d. to 235. Sd.: medium b.f. lambs. 18s. 2d., ISs. 3d., to 19s. Id.; cull b.f. lambs, 16s. iMossrs. Dalgety and Co., Ltd., report as follows on their Carterton sale:—A medium entry of sheep and pigs was submitted to the usual attendance of buyers. Competition was very keen for sheep, but there was little demand for pigs. Following is the range of prices:— Forward ewes. 205.; light fat lambs, 245. 9d.: medium m.s. woolly lambs. 21s. 2d.; small ditto. 17s. Id.; f.m. ewes. r.w. Romney rams, 235.; brood sow, £0; purebred Berkshire boars, .£2 7s. Gd. to £3; bacon pigs, £8 Bs.; store pigs, 135.; small weaner pigs, 7s. Gd. DAIRY PRODUCE

Jlcssrs. Dalgety and Company, Limited, report having received the following cablegram from their London house, under date May 10 (last week's quotations are shown In parentheses):— vßuttor: Market steadier. We quote: Danish. 178 a. to 180 s. (178 s. to 180 s.); New Zealand finest salted, l(S2s. to 104 s. (IG4s. I to Kills.): Australian finest unsalted. 1525. to 151 s. (1545. to 15Gs.). Salted, 1525. to 1545. (1545. to 1505.). Australian 0.A.Q.. 148 s. to 150 s. (14Ss. to 1505.; finest New Zealand exceptional, 160 s. Australian chotceat, 150 a “Cheese: Market steadier. We quote: Australian cheese, white and coloured, 935. to 955. (945. to 955.). New Zealand cheese, white and coloured, 9Gs. to 975. (90s. to 975.). New Zealand cheese, exceptional, 98s. Canadian cheese, white or coloured, no stocks.” > Mr. G. A. Mills has received the following cabled advice from Messrs. A. J. Mills and Co., Ltd., London, under date May 10:— . . “Butter: The market is firmer, European production being backward, owing to colder weather. New Zealand is quoted at 104 s. to 100 s.. and may improve a little; Danish, 1705., 1785.; Australian, 1525., loGs. “Cheese: The market is quiet, liut steady, at 975., 98s. Canadian offerings are small at present.” The Loan and Mercantile Agency Company. Limited, have received Hie following ’ cablegram from their London office, under date May 9 (last week’s quotations in parentheses):—Butter: New Zealand choicest salted, 1645. per ewt. (1645. to KiGs.). Cheese, 975. per cwt. (955. to 975.). Markets 'steady. Messrs. M. A. Eliott, Ltd., Palmerston North, have received cable advice o£ the following Smithfield prices for the past week. These prices are on the "delivered” basis, that is, including storage charges, cartage, etc.:—Best North island prime lambs, under 301 b„ 9 7-Bd. per lb.: best North Island prime lambs. 36-421 b., 9 3-8(1. per lb.; best North Island prime lambs, 42-501 U., B}d. per lb. Ordinary North Island lambs, under 421 b., 9 3-Bd. per lb.; ordinary North Island lambs, second quality, under 421 b., 9 3-Bd. per lb. Best North Island wethers, and/or maiden ewes, 4S-561b., 63d. per lb.; best North Island wethers and/or maiden ewes, 50-64 lb., Cid. per lb.; best North Island wethers audTor maiden ewes. 04-721 b., and over 721 b„ 6d. per lb. Ordinary North Island wethers and/or maiden ewes, 4S-501bi, 6)d. per lb.; ordinary North Island wethers and/or maiden ewes, 56-641 b., Old. per lb.; ordinary North Island wethers and/or maiden ewes. C4-7ilb„ and Over 721 b.. aid. per lb. North Island Owes, under 641 b., sid. per lb.; North Island ewes, 64-721 b„ 4 7-Bd. per lb.; North Island ewes, over T2lb., 4 7-Bd. per lb. New Zealand prime ox beef (equal fores and hinds). Remarks:—Lamb, no change; withers, no change; ewes, l-Bd. higher. • . - FROZEN MEAT . Messrs. Dalgety and. Company: Limited, report having received the following cablegram from their London house,* under date May 10:—“Lamb and mutton: Quiet demand, ‘ valuesi nominally unchanged. Tendency in favour of buyers. New Zealand pork: No Improvement in demand; market nominal. Beef: Market quiet, owing to heavy Supplies of home-killed.” MEAT FOR THE NAVY (Australian Press Association.) • London. May 10. 'The Queensland Meat Export Company has secured a portion of the Admiralty contract for meat for the Navy.

COMMERCIAL ITEMS

WELLINGTON STOCK EXCHANGE

YESTERDAY’S BUSINESS AND PRICES

At the morning call yesterday a sale of New Zealand Refrigerating (10s. paid) at Bs. 4d. was made on ’Change, aud a sale of Wellington Woollen (ordinary) at £0 4s. was reported. There were no transactions recorded at the afternoon call. There was again a good demand for Government stocks and bonds. The 4J per cents, were firm at £97 12s. 6d., the 5J per cents, at £99, the 5J per cent, bonds (1933) at £lOO 12s. -6d., and 1936 at £lOO JOs. Wellington City 5J per cents. (1933) were in demand at £99 55., Wanganui City, 53 per cents. (1945) at par, and Ashburton Power Board 5J per cents. (1933) at £99. After tile eall the secretary received the report of a sale of 44 per eent. stoek at £l)7 15s. Bank shares were firm. A sale of Bank of New Zealand was reported after the call at 60s. Bank of Australasia were wanted at £l4 2s. 6d.. and the Rights at 60s. Commercial Bank were stcadv, the ordinary at 28s. Bd., and the preference at £7. English. Scottish, and Australian were in demand at £8 7s. od.. Bank New South Wales at £47 17s. Gd., Bank of New Zealand at 605., Bank of New Zealand D shares at 20s. 0d„ and Union Bank, local register, at £l4 10s., and Melbourne Register at £l4 18b. National Bank of New Zealand were on sale at £7 4s.

Financial shares were quieter, but prices were unchanged. Goidsbrough, Mort were wanted at 50s. 3d., N.Z. Guarantee Corporation, ordinary, at Bs. 4d., Wellington Investment at 10s. 3d., and Wellington Deposit at 9s. New Zealand Insurance were firm at 41s. 3d., and South British Insurance at 595. Od. Gas shares were quiet, but there was a demand for Wellington Gas, the ordinary at 275. 9d., and preference at 16s. 6d. Meat shares were also quiet. Buyers raised their offer for Wellington Meat Export by 3d. to 10s. 3d. Union Steam were wanted at 20s. 4d., and Hud-dart-Parker (preference) at 20s. 9d.

Wellington Woollen were firm, the ordinary at £6 2s. Gd. and the preference at £6 Gs. Westport Stockton were steady and unchanged, the ordinary at 2s. 10d. and the preference at 3s. 3d. There were buyers of Staples and Co. at 865., British Tobacco at 40s. 9d., Burns, Philp, and Co. at 428. 3d., Colonial Sugar at £5B, Electrolytic Zinc ordinary at 30s. 6d. and preference at 325. 3d. Howard Smith at 265. 9d., N.Z. Drug at 09s. 3d., and Wilson’s Cement at 38s. lOd. A sale of the latter at 395. was reported after the call. Yesterday’s buying and selling quotations werfi as under:—

SALES IN OTHER CENTRES

BY TELEGBAPH.—PBES3 ASSOCIATION

Auckland. May 11. Sales—War Bonds, ' 1036,' £101; Auckland Citv, 1940, 51 per conk, £96; Auckland Gas, 1935. 0* per cent., £103; Union Bank, £H 175.; New Zealandl Insurance, 41s. (id.; Kauri Timber, 21s. od.; British Tobacco, 415.; Tonson Garlick, 125.; Ohineimjrl, 75.; Wailii, 12s. ' CbrlstcbUrcli, May 11. Sales-Rank of Australasia (rights), 605.; National Insurance (cum div.), las. Bd.; Commercial Bank of Sydney, £-•> 17s. Cd. (two parcels); National Bank of Australasia, £5 (pd. ctjm Union Bank. £l4 195., £l4 18s. (Id.; Dalgety and Co. (gum-div.), £l4 ijs. Gw® Howard glnltll. 275. od., *7B. 4d., ■ N.Z. Refrigerating (eoutr.), 8s Id. (four parcels); N.Z. Breweries, 455., British loImeeo. 425. 3d. (three parcels); . Tooth g Brewery (cum div.). 43g. 9d., D.I.U. (pref) 20s. Od.; Holdens Motors, Sis. ‘sales’ reported—N.Z. Government 5j per cent 8 bonds?lfe. £lOO 128. 6d ; Commer- ?’ al brazen M?*t tra £o;KZ. RifdgemJng y (eontr.), Bf.8 f . 3d.; Haywards' Pictures,

- Os - Dunedin, May 11. Sales reported—Mllbhrn Lime and Cement, 325. Od.; NOkomai, -os.

MUTUAL LIFE AND CITIZENS’ ASSURANCE CO.

Tlie report of the Mutual Lite and zens’ Assurance Company Ltd. for 192 T, shows that there lias been no break in the society’s continued progress. The new business written during the year in ths ordinary branch consisted of 11,341 policies tor £3,559,597 (of which £59,030 wag reassured), an increas of £342,639 on the previous year. The premium income for the year totalled £1,088.859, the first premiums amounting to £110,019. The claims paid during the year under policies totalled £1,425,187, and since its inception the company has paid £18,408,279 to policy holders. The expense rate was 11.9 per cent, on the premium income, but calculated on the total income the rate was 7.1 per eent. The assurance funds increased during the year by £648,489. and the total as shown in the balanee : sheet stands at £10.330,552. The assets amounted to £18,567,527, and of this £15.829,504 ig invested in Government and municipal securities and loans to public bodies, £1.230,523 in loans on policies, and £813,775 in loans on mortgage. The rate of interest earned on the funds was 53 per cent. The number of life assurance policies in forca at the end of the year was 509,324. assuring (with bonuses) the sum of £48,774,s 789. The premium income in the indues trial branch totalled £573,890. The ex* pense rate wa» 33.5 per cent, on the premium Income, and 25.7 per cent, on tba total income. The interest rate earned on the funds was £5 19s. 2d. per cent. Reversionary bonuses allocated to policy holders amounted to £870,000. FOREIGN EXCHANGE RATES. (Australian Press Assn.—United London, May 10. Foreign rates of exchange on May 10, as compared with par rates, or as avers aged first half of 1914. are as follow:— May 10. May 7. Far. Brussels, belgas to £1 34.90 34.95 35 Paris, francs to

LOAN AND MERCANTILE AGENCY . DIVIDENDS. The New Zealand Loan and Mercantile, Agency Company, Limited, has received cabled advice from its head office in London that interim ’dividends have been declared at the rate of 24 per Cent, on the 5 per cent, cumulative preference stock, st per cent, on the 6} per ceftt- cumulative second preference stock, and 3 per cent, on the ordinary stock of the company, all lees English income tax. WHEAT AND OTHER PRODUCE. (Australian Press Association.) London, May 10. Wheat.—Cargoes dull; declined 3d. per quarter. Part of Nuddea’s cargo 565. 6d. Parcels offered at similar, drop: buyers not attracted. Liverpool futures: May, 10b. lOjd. per cental; July, Ils. 2Jd.; October Ils. 3 7-Sd. Spot trade quietly steady. Australian, ex stope, 58s. Flour. —Firm. Australian, ex store, 395. 9d. Oats.—Firm. Australian Algerians, 355.; A GartOnS. 375., 39b. Pcas.—Blue, firmer. Tasmanian, 4005., 4205. New Zealand, 3805., 400 S. Maples, steady. Tasmanian, 80S., 925. New Zealand, 725. od., 745. New Zealand bOans, 465., 395. Sugar gfanulated, 28s. 3d. per cwt. Melbourne, May 10. The hides market is irregular. Kips and lights unaltered. Others a farthing to a halfpenny lower. (Rec. May 11, 5.5 p.m.) London, May 10. P. and O. deferred stoek, £250. N.Z. LOAN AND MERCANTILE CO.’S DIVIDEND. London, May 10. The New Zealand Loan and Mercantile Agency Company has declared an interim dividend of 3 per Cefit.

CUSTOMS REVENUE. The Customs revenue collected at the port of Wellington yesterday totalled £10,750. ■'..'.

N.Z. GOVT. LOANS— Buyers. Sellers. £ s, d £ i. d. 4} p.c. Ins. Stk.. 1939 97 12 n 4? p.c. ditto, 1O.?S ... 97 12 6 —— 5) p.c. ditto, 1933 ... —— 100 12 c 34 p.c. ditto. 1941 ... 99 0 0 —— 4* p.c. Bonds, 1941 .. 4» p.c. ditto, 1039 ... 97 10 0 97 12 6 ——- 4} p.c. ditto, 1938 ... 97 12 6 —— 44 p.c. ditto, 1930 ... — 98 10 0 51 p.c. ditto, 1933 ...: 100 12 6 P.C. ditto, 1036 ...: DEBENTURES— loo'io 6 — N.Z. Breweries (bonds) 1 4 0 Wellington City, 5J p.c., 1933 Wanganui City, 5} p.c 99 5 0 1945 : 100 0 0 —- Ashburton Power Bd., 5J p.c., 1933 BANKS— £>9 0 0 — Australasia 14 2 6 14 6 fl Ditto (rights) ....... 3 0 0 —— Commercial of Aust. (ord.) 1 8 8 1 9 e Ditto (pref.) 7 0 0 English, Scottish, and Australian 8 7 6- — National of N.Z — 7 4 New South Wales .. —— 47 17 r New Zealand 3 0 0 3 0 Ditto "D” shares (£1 paid) 1 6 6 — Ditto “D" shares (15s. paid) 1 1 6 —— Union of Aust. 14 16 0 — Ditto (Melbourne fegistef) 14 18 0 . —— FINANCIAL — Goldsbfough Mort .. 2 10 3 •—— N.Z. Guarantee Corp. (ord., 8s.) 0 8 .4 — Wellington Invest., 0 10 T. and A 3 —— Well. Deposit* Mortg. 0 9 0 0 10 0 Wellington (ord.) ... 1- 7 9 • 1 8 3 Ditto (pref.) : 0 16 6 INSURANCE— . . National ■ 1 0 15 10 New Zealand 2 1 3 2 1 9 . South British 2 19 6 . •—- ■ MEAT PRESERVING— 110 Gear —— 9 N.Z. Refrigerat. (10s.) — 0 8 5 Well. Meat Exp. (ord.) 0 10 3 — TRANSPORT— Huddart-Parker (ord.) 2 7 9 Ditto (pref.) Union Steam (pref.).. 1 0 1 0 9 4 — P. and O. d6f. stock.. — 255 0 0 WOOLLEN— . ' Kaiapoi (contrlb.) .. 0 2 0 — Wellington (ord.) ... 6 2 6 6 5 0 Ditto (pref.) 6 6 0 »• COAL— Westport-Stockton (ord.) o 2 : 10 ■—« Ditto (pref.) 0 3 3 •— TIMBER— 1 15 Leyland-O’Brien .... —— 9 BREWERIES— New Zealand — 0 2 5 9 Staples and Co T16. —— 6 ' Ward and Co —— 1.17 ■MISCELLANEOUS— British Tobacco (Aust.). (ord.) 2 0 9 •— Burns, Philp, and Co. 2 2 3 2 2 9 Colonial Sugar 1 58 0 0 —- Electrolytic Zinc (ord.) 1 10 6 111 6 Ditto (pref.) 1 12 3 1 13 0 Howard Smith (ord.) 1 6 9 — Kirkcaldie and Stains (pref.) 1 0 0 N.Z. Drug 3 9 3 3 11 0 N.Z. Paper Mills .... — 0 16 6 Sharland * Co. (ord.) 10 6 ■Wilson's Cement 1 18 10 MINING— 1 12 Mt. Lyell 3

£ 1 124.02 124.02 25.22$ Stockholm, knr. to £1 18.20 18.2(ji 18.12 Oslo, knr. to £1 18.23 18223 3S.12 Copenhagen, knr. to £1 18.20 1S.20 IS.12 Berlin, reichsmarks to £1 . 20.40 20.40 20.43 Rome, lire to £1 92.63 92.63 25.22$ Calcutta, pence to rupee 181-32 IS IS Yokohama, pence to yen 22J 23 1-16 24.43 Hong-Kong, pence to dollar .... 24J 24J 24 Montreal, dollars to £1 4.88 3-16 4.88 1-3 4.866 New York, dotlars to £1 .. 4.8S 1-32 4.88 3-32 4.866 Amsterdam, florins to £1 12.001 12.09? 12.10T Batavia, florins to £1 12.114 12.101 12.107 Prague, knr. to £1 16411-16 164? —