Farm and Commercial Section

Dominion, Volume 21, Issue 244, 16 July 1928, Page 12

Farm and Commercial Section

LATEST REPORTS from ALL CENTRES

AUCTION SALES TO-DAY. Featherston Street, 2.30 p.m.—Sale of residence, Kelburn (H. E. Leighton nnd Co.) Farm, Glen Orona, Taikorea Road, noon. —Sale of stock account Mr. W. R. Saunders (Abraham and Williams, Ltd.) OS Manners Street, 2 p.m.—Sale of furniture (Ramsey Wilson and Co.) 8 Willeston Street, 1 p.m.—Sale of ladies’ apparel (Johnston and Co.) 108 Cuba Street, 10.30 a.m—Sale of furniture (Silverstone and Co.) 21 Pirie Street, 10.30 a.m. —Sale of furniture (C. W. Price aud Co.) TO-MORROW. Palmerston North Saleyards, noon. — Jersey stock sale, account S. Macaulay (Dalgety and Co.) Levin stock sale. WEDNESDAY. 145 Featherston Street, 2.30 p.m—Sale of property, 7 Douro Street (H. E. Leighton and Co.)

THE PRODUCE MARKET BUTTER AND CHEESE LATEST LONDON QUOTATIONS. The New Zealand Dairy Produce Board has received the following market report from its London agency, dated July 13:-— Butter. New Zealand— 13/7/28. Last week. Salted 1785.-182 s. 1765.-178 s. Unsaited 180s.-186s. 180s.-186s. Deliveries this week, 700 tons

French baskets — Salted and unsalted 1465.-160 s. 1405.-160 s. Danish, 180s.-182s. spot, 1745. f.0.b., 1745.1765., 1685.-170 s. Market quiet. Retail prices unchanged.

New Zealand— White and colcured 110s.-112s. 1075.-108 s. Deliveries, 22,000 crates In store, 68,000 crates Canadian — 0 . 1 '.. IOSs.-HOs. 1045.-106 s. E l?inlst~farmers' . 1245.-128 s. 1205.-1245. Market firm. Retail prices unchanged. It is rumoured that prices will be inCargoes at London: Kia Ora finished discharging butter on July 11. Mahia finished discharging butter on July 9. Turakina and Hororata commenced discharging cheese on July 12. ' The board has also received advice from its agents in Canada as follows: —Butter: New York, 45 cents (Is. 10»d.); Montreal, 38i cents (Is. 7Jd.).

The New Zealand Producers’ Co-Opera-tive Marketing Association’s weekly cabled market report from London dated July 13, is as follows:— “Butter. —Market firm. New Zealand finest, 180 s. to 1825.; first grade, 178 s. to 180 s.; Unsaited, 130 s. to 1865.; Australian, 1665. to 1705.; Argentina, 1645. .to 1685.; Danish, 180 s. to 1825.; Esthonian, 1645. to 1665.; Latvian, 1625. to 1645.; Siberian, 1525. to 1545.

“Cheese. —Market firm. New Zealand finest white and coloured, HOs. to 1125.; Canadian, 108 s. to 110 s.” Messrs. St. A. Eliott, Ltd., Palmerston North have received the following cabled advice from their London agents:— "Butter: B’irm; 178 s. to 182 s. Cheese: Firm; 110 s. to 1125.” Messrs. A. H. Turnbull and Co. have received a cablegram from Messrs. W. Weddel and Co., Ltd., dated London, July 13, reading (the previous week’s quotations are in parentheses):—"Danish butter, 180 s. to 182 s. (1745. to 1765.); New Zealand unsaited, 180 s. to 186 s. (180 s. to 1865.)-; New Zealand salted, 178 s. to 182 s. (1765. to 1785.). Market firm. New Zealand cheese, white and coloured, 110 s. to 112 s. (107 s. to loss.); market firm. Canadian cheese, 108 s. to 110 s. (101 s. to 1065.).’’

FROZEN MEAT (Australian Press Association.) (Rec. July 15, 5.5 p.m.) ‘ London, July 14. Sheep. Canterbury, Medium 7 l-Bd., heavy 6 7-Bd. North Island, heavy. 6Jd. New Zealand ewes, 5Jd. Patagonian sheep and lambs, not offering. Frozen Beef. Australian, crops 3 7-Sd., hinds 5 7-Bd. Chilled Argentine, fores 4 l-Bd., hinds TJd. Uruguay, fores 3Jd., hinds 6Jd. Others unchanged. SMITHFIELD QUOTATIONS. , The New Zealand Meat Producers’ Board has received the following cablegram from its London office, dated July 13, advising Smithfield delivered prices averaged for week ended that date as follows (prices for the two previous weeks are also shown within parentheses):— New Zealand wethers and maidens: Canterbury quality, selected brands, 5611). aud under, 7 3-Bd. per lb. (7 3-Bd., 7 3-8<l.) : 57-641 b., 7 l-Bd. (7d., 7d.); 65-721 b.. 6 7-Sd. (63d., 63d.). Other brands: 561 b. and under, 7 l-Bd. (7 l-Bd., 7d.); 57-641 b., 7d. (7d., 6 7-8 d.); 65-721 b., GJd. (6 5-8(1., 6 5-Bd.). New Zealand ewes: 641 b. and under, 5Jd. (5 3-Bd., 5 3-Bd.). New Zealand lambs: Canterbury quality, 361 b. and under, 10fd. (10}d., 10}d.); 37421 b., Old. (OJd., DJd.): 43-5011)., OJd. (Ojd., 9 5-Bd.). Seconds, OJd. (OJd., Ojd.). Selected brands: 361 b. and under, IOJd. (IOJd., lOJd.); 37-421 b., 9id. OJd., OJd.). Other brands, first quality: 361 b. and under, 9 7-Bd. (9 7-Bd., 9 7-8 d.): 37-421 b„ OJd. (9}d., 9Jd.). Second quality, 30-321 b. average, lOd. (10d., 10d.). Australian lambs: Victorian, first quality, 361 b. and under, not quoted; 37-421 b., not quoted. Argentine lambs: First quality, 361 b. and under, not quoted; 37-421 b., not quoted. New Zealand beef: Ox fores, 4d. (4 l-Bd., 4d.); ox hinds, 6 3-Bd. (Gfd., 3d.); cow fores, 3}d. (3id., 3Jd.); cow hinds, s}d. (5d., 5d.). Argentine chilled beef: Ox fores, 4 1-Sd. (4Jd., 4 3-Sd.); ox hinds, 74d. (Bd., 73d.). Argentine frozen beef: Ox fores, not quoted; ox hinds, not quoted. Frozen pork: Porkers, GO-801b., 74d. (7(d., 7id.); porkers, 81-991 b,., 7d. (6Jd., Gjd.); porkers, 100-1201 b., 63d. (Gid., 63d.); baconers, 121-18011)., 73d. (74d., 73d.). Frozen veal: Not quoted. Remarks.—Lamb market: Steady; consumption good. Mutton market: Firm. Beef market: Finn, with good demand. New Zealand porker pigs: Better market, but owing to hot weather there is very little doing. New Zealand baconer pigs: Prices have advanced owing to better prices of bacon.

Messrs. Levin and Co., Ltd., have received the following cablegram from their London agents, dated July 13:—“Frozen meat quotations (prices on a ‘delivered’ basis, i.e., including storage charges, cartage, tolls, etc.): Down lambs. 28-42’s, lOd. per 11). Best North Island, 28-42's, 9 7-8(1. Ordinary North Island, 28-42's, 9 5-8(1. Second quality lambs, 9 7-8(1. Best North Island wether sheep. 48-64’s, 71-8<1.: 64-72’s, 61(1. Ordinary North Island wether sheep, 48-64’s, 7(1. North Island owes. 48-04’s, s}d.; 64-72’s. s}(l. New Zealand prime ox beef, 160-220’s, sd. As compared with last week’s quotations lamb unchanged except down lamb, which is 1-8(1. per Hi lower. Mutton l-Bd. per lb. higher and beef 3-16(1. lower. The market is firm but quiet, on account of thu warm weather.” LONDON TALLOW AUCTIONS Messrs. A. H. Turnbull nnd Co. have received the following cablegram from Messrs. W. Weddell and Co.. Ltd., dated London, July 11:—“Tallow.—Market quiet. Prices unchanged. At tallow auctions to-day, 800 casks were offered, ami 300

THE WOOL MARKET , LONDON SALES (Australian Press Association.) London, July 13. At the wool sales 9126 bales were offered of which 3851 were New Zealand and 00-M Australian. The latter were chiefly rcoffered speculators’ lots, with a. limited suDulv of greasy crossbreds and a good selection of slipes. The market was firm, with prices unchanged. New Zealand selections- Hike, 29t0. to 24d.; W.M.E. Co., “lid to 103 d.; Webber, 28}d. to 26d. WOOL CONFERENCE AT BRADFORD DOMINION’S PRODUCTION TO BE INVESTIGATED. (Rec. July 15, 5.5 p.m.) London, July 14A wool conference has opened at Bradf°Mr Harwell said the Australian growers considered that the remuneration did not sufficiently encourage the production of flue wools, but they would do their best to meet Bradford’s requirements. Mr. Van Breda (South Africa) asked what was the guarantee that the demand for fine wools would be permanent. Their demand in 1919 was for strong wools. Mr Harry Dawson said they wanted soft wool to blend with artificial silk for underwear. Dr. Barker announced that the Empire Marketing Board had granted £2OOO yearly for two years to enable Dr. Nicholls, of the British Research Association, to investigate wool production in the Dominions. He was going to Australia in October. j Mr. Aykroyd announced a new waterproof wool pack invented by a Bradford man, Mr. Baddeley. It was made of wire and paper, and was lined with wool. He expressed the opinion that practical Bradford woolmen ought to accompany Dr. Nicholls. WORLD CONSUMPTION OF WOOL ALLEGED INSPIRED STATEMENTS. Sydney, July 14. Mr. F. Tout, president of the Graziers’ Association, opines that there is' no foundation for the suggestion by the president of the British Wool Federation at Bradford that the world's consumption of wool is steadily declining. On the contrary there is a tendency towards gradual improvement. It is not unusual at this time of year, Mr. Tout added, for statements to emanate from Bradford which tended to depress wool prices. The total value of the Commonwealth wool sales during the 1927-28 season amounted to over sixty and a half millions sterling, which is a record by over five millions sterling. AMERICAN WOOL POOL FORMED (Australian Press Assn.—United Service.) (Rec. July 15, 5.5 p.m.) New York. July 14. At Salt Lake, Mr. Frank Hagenbarth. president of the National Wool Growers Association, announced the formation of a pool involving fifty million pounds of fleeces annually. The pool will aim at the domination of the American market and the stabilisation of prices to a parity with foreign import prices. RECORD WHEAT CROP (Australian Press Association.) (Rec. July 15, 5.5 p.m.) Ottawa, July 14. A Montreal message’ states that the estimated wheat acreage for 1928 in the prairie province is over 23} millions, against 21} millions in 1927. This breaks all previous records. Crop prospects have never been more favourable. The apple crop is up 12 per cent. HIDES MARKET (Australian Press Association.) (Rec. July 15, 5.5 p.m.) London, July 14. Hides are firm. Meatworks, dry-salted: Queensland. 3511). to 451 b., IGitl..; 301 b. to 401 b. and 251 b. to 351 b., 16}d.; 201 b. to 301 b., 163 d New South Wales, same weights, one farthing more.' Wet-salted: Queensland, 501 b. to 601 b.. ll}d.: 401 b. to oOlb.. 113 d.; New South Wales, 12d. Abattoirs: Victorian, 501 b. to COlb. and 401 b. to oOlb., ll}d. LIVE STOCK SALES ’’ WESTFIELD Messrs. Dalgety and Company, Limited, report having held their weekly sale or fat stock at Westfield on Wednesday as under: — Beef.-—A very much smaller yarding of ox beef. Competition was keen and values improved. Cow and heifer beef was yarded in average numbers. Competition was steady and values were better tor the larger portion of the sale. Extra choice ox sold to 38s. per 1001 b.: choice , and prime, 335. to 355.; just killable, 31s. to 325.; prime young cow and heifer beef. 305.; just killable, 265. to 28s. A line of medium-weight P.A. bullocks on account of Mr. W. Johnstone, Taupiri, averaged £l2 16s. ‘ Sheep.—An average yarding. Competition was steady with little or no change in values. Heavy prime wethers made £2 to £2 35.; medium, 375. Id. to 395. 6d.; light and unfinished, 30s. to_ 345. 6d.; heavy prime ewes, 325. to 355.; lighter, 28s. to 31s. Gd.; otliqr ewes, 225. to 265. Lambs.—An average yarding, the larger portion being unfinished. Fats were steady, but stores were dull of sale. Heavy prime lambs made 295. to 315.; medium, 255. to 285., light, 20s. to 245.; good stores, 18s. to 21s. Calves were yarded in moderate numbers, and met with good competition. Heavy vealers made £4 to £4 95.; medium, £3 to £3 18s.; light, £2 ss. to £2 155.; rough, £1 ss. to £2. Pigs—A smaller yarding. Baconers were very firm at late rates, porkers showing an improvement. Heavy baconers made £4 Bs. to £4 155.; medium baconers, £4 to £4 75.; light baconers, £3 10s. to £3 18s.; heavy porkers, £3 to £3 10s.; medium porkers, £2 Bs. to £2 18s.; light porkers, £1 16s. to £2 6s. FEILDING. Messrs. Dalgety and Co., Ltd., report a very good entry of fat sheep, a small entry of store sheep, and a small yarding of cattle at their Feilding sale on Friday. There was a keen demand for fat sheen, and stores were inclined to be steady. A total clearance was effected. Quotations:— Fat woolly lambs, 235. Id.; fat b.f. lambs, 275. 4(1. to 31s. 3d.; fat w.f. lambs. 255. to 355. 6d-; lew extra heavy, 395. fat ewes. 275. 4d. .to 30s.- 6d.; fat wethers. 365. to 395. 9d.; few extra heavy, £2; five-year ewes, r.w. S.D. rams. 315.; M A. ewes, r.w. S.D. and Romney rams, 325. fid.; empty ewes, 155.: forward ewes, 19s. Gd to 20s. 6d.; small lambs. 10s. Id.: ewe 1.-nnbs, 275. 4d. to 335. lid.: b.f. lambs, 21s. to 21s. Gd.: Jersey springing heifers. Ys tn £lO 10s.: springing dairy cows, £8 to £l2: fat and forward cows, £3 10s. to £4 55.:. Jersey cross weaner heifers, £3 to £3 Ss.; fat cows, £5 to £7 15s. EGG-LAYING COMPETITION MASTERTON CLUB. Do m i n ion Special Service. Masterton, July 14. The following are the results of the egglaying competition being conducted at Sohvav poultry farm by the Masterton Poultry Club for the fifteen week ended

WELLINGTON STOCK EXCHANGE LAST WEEK’S BUSINESS AND PRICES There was comparatively little business done on any of the stock exchanges in New Zealand last week, but that is not an unusual feature in the mid-year. Although sales have been few, prices have been well maintained, and in many cases show an upward tendency. Government stocks and bonds were In good demand during the week, and debentures of local bodies were also very firm. Government 4} per cents, sold at £9B 10s., aud the 5} per cents, at £9B 17s. 6d. The 5} per cents, were in strong demand at £lOO 10s. Auckland Harbour Board 6 per cents. (1941) changed hands at £lO4 10s., Gisborne Borough 5} per cents, at £96 10s., aud Canterbury Farmers CoOperative 6} per cents. (1935) at £B2 and ”"i?ank shares were firm throughout the week, but the business done was within small compass. The popularity of Bank of New Zealand shares is emphasised by the number of them that have changed hands since the annual meeting, and the prices now paid ex dividend are almost equal to those that were paid before the dividend. Last week the shares sold steadily at 595. 3d., 595. 4d., and 595. 6d. National Bank of New Zealand shares were transferred at £7 3s. 9d.,- £7 4s. 3d. and £7 4s. 9d., cum-, dividend; Commercial Bank at 295. Bd. and 295. 6d„ Union Bank at £l5, and National Bank of Australasia, £5 paid, at £9 Is. Gd., £9 2s. and £9 2s. 6d. Other bank shares were in good demand, but holders have not shown any eagerness to sell at current prices. Moderate business was done in financial shares-with transfers of Dalgety and Co. at £l4 155., Goldsbrough Mort, and Co., at 495. Id. and 495. 6d„ and New Zealand Guarantee Corporation at Bs. lid. and 9s. Building society shares have been very much neglected, and it is some time since a sale of this class of shares was recorded. Gas shares were slow, and there was only one sale reported during the week, Auckland Gas being sold at 235. 3d. Wellington Gas were in firm demand, but holders are expecting higher prices than those offered. Insurance shares maintain their very strong position. . Five parcels of National Insurance changed hands at 165., New Zealand Insurance sold at' 425. Gd., and South British Insurance at 60s.

Shipping shares were, in fair demand, but holders have shown no keenness to sell. There was a single sale of Huddart Parker, ordiary, at 48. 6d. In meat shares the outstanding feature lias been the keen demand for Gear Meat, and a sale was made during the week at 395. 3d. New Zealand Refrigerating, 10s. paid, sold at Ss. Bd. Coal shares show an occasional spurt, but they were dun last week. Sales were registered of Westport Coal at 30s. 6d. and Westport Stockton at 3s. 4d. . The dullness in timber shares continues. Business was done in Kauri Timber at 19s. Id. and 19s.

Brewery shares were very firm and. in active demand. New Zealand Breweries sold freely at Ils. 3d., Staples and Co. sold at 365. 3d., and Tooth’s Brewery at 455.

Fair business was done in the miscellaneous section. . There were sales of British Tobacco at 435. and 425. 6d., National Pictures at 135., Robinson’s lee Cream nt 225. 6d., Union Oil at 425. (id., Electrolytic Zinc, ordinary, at 31s. 3d., preference at 325. 9d. and 335., New Zealand Paper Mills at 15s. 3d., Sanford, Ltd., at 295. 3d., Checker Taxi Cab at Bs., Victoria Nyanza Sugar at 445. 9d., Taranaki Oil at 105.'6(1., United Building at 14s. 3d., and- Wilson’s Cement at 38s. Gd. > On'Saturday a sale of New Zealand Paper Mills at 15s. 3d. was made on 'change, and sales were reported of Bank of New South Wattes £5O 9s. and Staples and Co. at 365. 6d. Saturday’s buying and selling quotations were, as under:—

SALES IN OTHER CENTRES By Telegraph.—Press I Association. Auckland, J uly 15. S a i e s —Auckland Harbour Board debentures, 1941. 6 per eent., £lO4 10s.; Bank of New Zealand, 595. Gd.; Auckland Gas, 235. 2d., ditto contributing, 17s. 3d.; n aihi, l_s. Gd. ciii-lstcliurch, July 15Sales.—National Insurance, 'l6s.; Npw Zealand Insurance (cum div.), 425. Jd.: Christchurch Gas, 245. 6(1.: Tooth s Brewery, 455. 6d. (2 pels.); Maliakipawa, ,3s. cd.: Mt. Lyell. 345. sd. Sales Reported—Dalgety and Co., £l4 14s. AMALGAMATION OF CANADIAN BANKS (Australian Press Association.) (Rec. July 15, 5.5 p.m.) Ottawa, July 14. At Toronto an announcement was made bv the Hon. .Mr. Robb. Minister of l-'i-nanee, that, ho Ims consented to an agreement whereby the Canadian Bank of Commerce will 'purchase the assets of the Standard Bank of Canada. The amalgamation. on a share for share basis, brings the assets of the Bank of Commerce Io approximately seven hundred million dollars. The market value of the Bank of Commerce shares is 293 dollars, and of the Standard 277 dollars. The par value is 100 dollars. A COMMONWEALTH LOAN In May the Commonwealth Government floated a 4} per cent, loan for uOXWtMKW dollars at 924 in New York through the J. P. Morgan Syndicate, and the loan was said to have been a success. Now the Commonwealth is in the market again, but on this occasion the loan is being raised in London. The amount to be raised is £7,000,000, or £3,000,000 less than was raised in New York in May’s, the price of issue is 98 against 92}, and the interest rate is 5 per cent., against 4} per cent. Although the Commonwealth is offering 10s. per cent, more in interest, London is the more satisfactory market. In. any event it would have been difficult at the present juncture to float a loan in New York on anything like satisfactory terms. The rediscount rate of the Reserve Bank of New York and several of the Reserve Banks has been raised to 5 per cent., this being the third advance this year. The present rate is above the Bank of England rate, which stands at 4}-per cent., and it is therefore probable that there will be a withdrawal of New York funds from London. The uncertainty of the money market is no doubt one reason why the Commonwealth has to pay a higher rate for the loan it now requires. Notwithstanding this, London is the better market for Dominion loans. The cost of floating the last dollar loan was £2 .Ils. 5d., of which 2} per cent, was commission, and Is. sd. per cent, was paid in other costs. The cost of floating a loan in London is approximately £2 3s. ■ per cent. ■ The Commonwealth’s dollar loan, was not a success, for it was hawked in London and New York at 88} to 89.

CUSTOMS REVENUE. The Customs revenue collected at the port of Wellington ' on Saturday ■ totalled £BBlO. FOREIGN ITEMS CHICAGO WHEAT PRICES. (Australian' Press Association.) (Rec. July 15, 5.5 p.m.) New- York, July 14. Chicago wheat quotations,-are as follow:—July, 1 dollar 29} cents;-September, 1 dollar 32} cents; December, 1' dollar 36 3-8 cents. PRICES OF RAW MATERIALS. (Australian Press Association.) (Rec. July 15, 5.5' p.m.) ■ London, J uly 14. Cotton.— Liverpool quotation for American middling upland cotton, August shipment, 11.53 d. per lb. Rubbery-Fine hard Para. Hid. per lb. , plantation . first, latex crepe and smoked ribbed sheet, 9}d. Jute.—July-August shipment, £3B 7s. 6d. per ton. nAv Zealand Hemp.—July-September shipment, £3O 10s. per ton. Linseed oil, £3O per ton. Turpentine, 41s. 6d. per cwt.

In store, 5900 tons Australian — 162s.-166s. 164s.-174s. Finest salted .... Un salted 166s.-172s. 168s.-174s. Argentine— Finest unsalted . 164s.-168s. 158s.-162s. Irish creamery—■ Salted 170s. 166s.-168s. 168s.-170s. Dutch creamery— 168s.-170s. 166s.-170s. Esthonian — Salted 164s.-166s. 160s.-164s. Unsalted 166s.-168s. 162s.-166s. Latvian — 162s.-164s. 160s.-164s. 164s.-166s. Not quoted Lithuanian — Salted 154s.-158s. Not quoted 160s.-162s. Not quoted Siberian 152s.-154s. 152s.-154s. Ukrainian 158s.-160s. 156s.-158s. Polish 144s.-154s. 146s.-158s.

t0 - (lay: ~ SINGLES. Total eggs to Weight, date. E J. Wing. W.L.. No. Eggs for ■week. 1 ti 11.1 83 E. W. Tooby. W.L. .. 10.10 W. Spence. W.L . 6 11.13 72 Opaki Stud Farm .. . 4 8.13 66 E A. Tozer. B.O . 4 7.2 61 Raynor Bros., B.O., ¥a 1 o 4.0 58 T. and J. Taylor, W.L. — 57 G. E. Moody, W.L. .. . 4 8.9 50 Raynor Bros., B.O., jCn 2 49 It. Pimm, B.O - — 4(5 A. Cook, W.L L A. Wadhnni. B.O. . 4 . 4 8.7 8.0 42 37 14. .1. Wing. W.L . (» 12.10 ,32 II. C. West, W.L. ... 10.3 20 H .1. Pryor. R.I.K. .. 9.12 20 Raynor Bras., W.L. . 1 2.1 16 6S . m

TEAMS. Total Eggs for per week. Weight, bird. F. Taylor, W.L., No. No. 2 ... 1 5 . 4 9.14 8.4 79 No. 3 ... . 4 8.1 69 225 Dr. Tweed, No. 1'.... . 5 11.8 70 No. 2 ... . 5 10.2 76 No. 3 ... . ■ 6 12.4 74 220 W. Spence, No. 1 .... No. 2 ... . • «*» 10.10 8.3 66 74 ■No. 3 ... . 4 8.3 60 200 G. Webb, No. 1 ,, No. 2 3 6.6 9.13 30 No. 3 ... . 5 0.13 80 186 E. W. Tooby, No. 1 .. .. 6 11.13 78 No. 2 ... .. 4 7.8 51 No. 3 ... . 4 7.15 5.5 184 G. Masters, No. 1 .. 5 .11.3 G7 No. 2 ... .. 1 2.1 61 No. 3 ... .. 3 6.14 50 178 P. Freeman, No. 1 . .. 5 10.0 58 ,, No. 2 ... 10.12 69 ,, No. 3 .. .. 4 7.6 45 172 G. Waring, No. 1 ,, No. 2 ... .. o 1042 44 „ No. 3 .. . . 0 10.8 62 161 C. H. Robbins, No. 1 .. 5 . 10.12 11 No. 2 ... _ _ 3.10 64 „ No. 3 .. . • b 11.8 86 161 J. Bradbury, No. 1 ... <> 10.6 34 „ No. 2 .. .. 3 6.4 60 „ No. 3 .. .. 5 10.3 60 154 T. D. Rowlands, R.I.R., 7.8 No. 1 .. 4 35 ,, No. 2 ... .. 4 7.8 „ No. 3 ... .. 3 4.12 53 140 K. K. McDonnell, W.D .. 8.2 48 No. 1 .. .. 4 No. 2 .. .. 6 13.12 38 „ No. 3 ... .. a 10.4 53 139 Opaki Stud Farm, W.L., No. 1 .... 6 13.5 83 No. 2 ... .. 4 8.0 24 „ No. 3 ... .. — 26 133 A. A. Hoare, No. 1 ... .. 4 8.4 40 „ No. 2 ... .. 4 8.8 64 No. 3 ... >. o H.4 . 24 10.12 128 H. C. West, No. 1 .. 5 r>3 No. 2 ... 4 7.8 30 „ No. 3 ... .. 5 10.7 45 128 Rer. Blathwayt, No. 1 — 2.0 41 „ No. 2 ... .. 1 38 „ No. 3 ... .. 2 3.7 38 117 A. A. Hoare, R.I.R. 5.12 34 No. 1 ... .. 3 „ No. 2 ... .. 2 4.0 40 „ No. 3 ... . 2 4.4 85 11 C. E. Brock, W.L.. No. „ No. 2 ... 1 — 1 11 „ No. 3 ... .. 5 10.8 51 63 207 2774

Buyers. Sellers. N.Z. GOVT. LOANS— .£ s. d. £ 8. fl. 4>. p.c. Ins. Stic.. 1939 98 7 (i 4| p.c. ditto, 1938 ... 98 7 G 54 p.c. ditto, 1933 ... 100 10 0 100 15 0 5j p.c. ditto. 1936 .-.. 100 10 0 4? p.c. Bonds, 1939 .. 98 7 (1 41 p.c. ditto, 1938 ... 98 7 6 • . 5} p.c. ditto, 1933 ... 100 10 0 51 p.c. ditto. 1936 ... 100 10 0 DEBENTURES— Wellington Gas 100 0 0 ' —. Well. Racing Club .. 100 10 O N.Z. Breweries (bonds) .1 3 3 BANKS— 14 17 0 Australian Bank of 1 14 4 Commercial of Aust. 1 9 6 - Commercial Banking Co. of Sydney 27 3 0 —■ National of N.Z 7 0. 0 ._- National of Australasia (£.10) 18 8 0 — — Ditto (£5) 9 2 0 .. . Nev/ Zealand 2 19 .3 2 19' 9 Ditto, long-term mortg .16 0 Union of Aust. (Melbourne register) 15 0 0 —— FINANCIAL— Goldsbrough, Mort .. 2 9 6 —— N.Z. Guarantee Corp. (ord., 8s.) 0 8 10 0 9 1 Ditto (pref.) 1 1 0 • —. Well. Invest., T. & A. 0 10 11 —— Well. Trust. Loan ... G 15 6 Well. Deposit & Mortg. .093 •—• GAS14 3 - Wellington (ord.) ... 19 3 Ditto (pref.) .. 0 16 0 INSURANCE— 0 15 10 0 16 1 New Zealand 2- 3 0 South British 2 19 6 3 0 0 MEAT PRESERVING1 19 6 2 0 3 N.Z. Refrigerat. (10s.) — 0 8 8 TRANSPORT— lluddart-Parker (ord.) 2 8 2 2 9 1 Union Stepm (pref.).. 10 3 P. and 0. def. stock.. , *•*. . 240 8 5

WOOLLEN— Wellington (ord.) ... 6 5 9 6 8 6 6 7 6 ►—- COAL— 1 10 0 - 0 14 6 TIMBER— Leylaud-O’Brien .... 1 12 0 1 14 0 National 0 6 6 0 11 0 BREWERIES— . r 2 8 0 Staples and Co 1 16 6 1 17 2 Ward and Co 1 19 9 —— MISCBLl/ANBOUS — Burns, Philp, and Co. (South Sea) 1 10 0 . .—- Dental and Medical 0 14 6 tJomlnion Investments 1 2 6 .—.1 D.I.C. (ord.) (J 10 0 Electrolytic Zinc (ord.) 1 11 () 1 12 6 Ditto (pref.) 1 12 (5 J. 13 3 Holden's Motor Body 1 11 3 1 13 0 Howard Smith (ord.) 1 7 6 1 8 0 TC Z Drill* 3 8 0 — — N<z; Express (ord.) .. 1 0 0 N.Z. Paper Mills 0 lb 0 0 15 *6 Sbarland & Co. (ord.) —— 1 0 u Wilson’s Cement .... 1 18 0 —— MINING— Mount Lyell Waihi 1 0 14 0 1 0 12 I) Kawarau —— 0 0 1)