Farm and Commercial Section

Dominion, Volume 22, Issue 35, 5 November 1928, Page 14

Farm and Commercial Section

LATEST REPORTS from ALL CENTRES

AUCTION SALES TO-DAY. Featherston Borough Council Offices, 2.30 p.m. —Sale section, Featherston (N.Z. Loan and Mercantile). Pahiatua cattle fair, noon (N.Z. Loan and Mercantile): Palmer’s Restaurant, Lambton Quay, 12.30 p.m.—Sale contents (E. Johnston and Co.) TO-MORROW. Levin sale. CANTERBURY PRODUCE MARKET (By Telegraph.—Press Association.) Christchurch, November 2. Owing to the near approach of carnival week business in the produce markets is at a standstill. Fowl wheat is rather weaker on account of the improved crop prospects and is now quoted at £5 Bs. 2d. f.o.b. Milling wheat is ss. 9d. on trucks, or 6s. Id. f.o.b.s.i. There is little Inquiry for oats, and although the area under crop-last season was much reduced, a substantial carry over seems probable The movement towards decreased acreage Is likely to be even more pronounced this season. The chaff market is fairly firm at up to £5 12s. 6d. f.o.b.s.i. Peas are quoted at 6s. a bushel f.o.b. s.i., and other seeds are at mid-week quotations. A few potatoes, went north during the week, but Auckland is now making little Inquiry The needs of southern districts probably will absorb all the potatoes now in farmers’ hands. Prices remain at £ll f.o.b.s i., or £9 19s. on trucks.

THE PRODUCE MARKETS BUTTER AND CHEESE DAIRY BOARD’S REPORT. The New Zealand Dairy Produce Board lias received the following market report from its London otliee, dated November 2:— Butter. New Zealand— 2/11/28. Last week. Salted 1745.-180 s. li6s.-lS2s. Unsalted ISls.-l'JUs. 1865.-1925. First whey 1645. 160 s. Second whey .... 160 s. lolls. Deliveries New Zealand this week. 920 tons. In store New Zealand Nov. 1, 3900 tons. Australian— Finest salted 1605.-l<os. 1645.-168 s. Unsalted 180s.-182s. 181s.-184s. Argentine— Finest unsalted • • 1705.-1765. 1725.-17 Gs. Irish creamery— Salted 1725. l<os.-l<2s. Unsalted 1765. 1745. Dutch —Unsalteff .. 1965.-198 s. 188s.-190s. Siberian 1565.-158 s. 1545.-158 s. Ukranian 1605.1645. 1605.-1625. Polish 1505.-1545. 1525.-1565. Danish, 19Gs.-98s. spot, 189 s. f.0.b., 1945.1965., 190 s. Butter market slow; retail prices unchanged. .... Estimated stocks all butters in principal cold stores at October 31, 11,100 tons (include 30,000 boxes landed October 31), compared with last year, 10,500 tons. Cheese. New Zealand — White lOGs.-lOSs. IOOs.-HOs. Coloured 1045.-106 s. 1075.-109 s. Exceptionally, 110 s. for matured. Deliveries N.Z. tills week, 6750 crates. In store November 1, 15,009 crates. Canadian— , White and coloured 108s.-110s. 108s.-112s. Exceptionally, 114 s. for matured. Market slow; retail prices unchanged. English— Finest farmers . 1385.-140 s. 1385.-140 s. Estimated stocks cheese in store at London, Liverpool, and Bristol at October 31:— New Zealand and Australian, 21,200 crates (last year, 16,700 crates); Canadian, 198,500 boxes (last year 218,800 crates). Cargo working: Northumberland, finished discharge butter on October 26; Remnera, finished 'discharge cheese, October 27; Remuera, commenced discharge butter, October 27; Maliana, finished discharge butter October 31. Mr. T. Gray has received the following cablegram from his principal, Mr. A. C. Rowson, London, dated November 2:— “Rather more doing. Cheese 106s| to 108 s.; fair demand. Australian 1645. to 1705.. New Zealand slow, , first gra.de salted 1745. to 1765., finest quality 1785.” Amalgamated Dairies Limited report having received the following market cablegram from their London manager under date November 1, ■ “Butter: Prices unchanged (Anchor 180 s.). No interest Now Zealand. Danish, 1925. “Cheese: White, 1075.; coloured, 105 s. Market slow.” The New Zealand Producers’ Co-opera-tive Marketing Association’s weekly cabled market report from London dated November 2 is as follows:— “Butter: Market slow. New Zealand finest, 178 s. to 180 s.; first grade, 1745. to 1765.; unsalted, 184 s. to 190 s. Australian, 1665. to 1705.; unsalted, 180 s. to 182 s. Argentine. 170 s. to 1745. Danish. 1965. to 198 s. Siberian, 1565. to 158 s. “Cheese. —Market slow. New Zealand finest white 108 s., coloured 1065.-; first grade, white 106 s. .coloured 104 s. Canadian. white and coloured 108 s. to 110 s.; Australian, 102 s. to 1045.” Messrs. M. A.. Eliott Ltd.. Palmerston North, have received the following cabled advice from their London agents:—“Butter, slow, 1745. to 180 s. Cheese, slow, 101 s. to 108 s.” frozen meat (Australian Press Association.) (Rec. November 4, 5.5 p.m.) London, November 3. Slieep. Canterbury. — Light 6 7-Bd., medium G7-Bd., heavy 6 3-Bd. North Island.—Light Old., medium 6Jd., heavy 6}d. New’ Zealand ewes, 4}d. Australian seconds 4 7-Bd., ewes 4}d. Lambs. Canterbury.—Medium 10 l-Bd., heavy 9 3-Bd.. seconds 8 7-Bd. North Island.—Firsts, light 9jd., medium, none offering; 'seconds BJd. Chilled Beef. Argentine.—Hinds G3-Sd., others unchanged. SMITHFIELD QUOTATIONS. The New Zealand Meat Producers’ Board has received the following cablegram from its London office, dated November 2, advising Smithfield delivered prices averaged for week ended that date as follows (prices for’the two previous weeks are within parentheses) :— New Zealand wethers and maidens: Canterbury quality, selected brands, 50lb. and’under, 6 7-Bd. per lb. (7d.. 7jd.): 57641 b., 0 7-811. (70., 7d.); G5-721b„ G 3-Bd. (G 5-Bd.. G 7-Bd.). Other brands. 561 b. and under, Gid. (0 7-Bd.. 7d.): 57-6411)., 64d. (GJd., 6 7-Sd.); G5-72W., Gid. (Gid., GJd.). New Zealand ewes: 641 b. and under, 4jd. (4 7-Bd., 5 1-Sd.l. New Zealand lambs: .Canterbury quality, 361 b. and under, 10jd. (10£d., 10}d.): 37421 b„ 10 l-Bd. (IOJd., 101 d.): 43-501 b., I) 3-Bd. (9*d., 9 5-Bd.). Seconds. 8 7-Bd. (9d., 9}d.). Selected brands, 361 b; and under, lOd. (10d.. 10 l-8d.); 37-421 b., 9 7-Sd. (10d.. 10 l-Bd.). Other brands, first quality, 301 b. and under, 9)d. (9 5-Bd., 9Jd.); 37-421 b., not quoted (9 5-Bd., 9Jd.). Second quality, 30-3211). average, BJd. (9d., 9Jd.). Argentine lambs: First quality, 361 b. and under, 9 1-8(1. (9 l-Bd., 9 l-Bd.). New Zealand beef: Ox fores, 4d. (4d., 4d.); ox hinds. sd. (5d., 5d.). Cow fores, 3}d. (34d.’, 31d.); cow hinds, 4jd. (44d., 41d.). •Argentine chilled beef: Ox fores, 4Jd. (4}d., 4 3-8 d.); ox hinds, 6 5-Bd. (6id., 6 l-Bd.). Frozen pork: Porkers, 60-801 b., 7£d. (7}d., 7Jd.); porkers. 81-991 b., 7d. (7£d., 7:|d.); porkers, 100-1201 b., 7d.. (7£d„ Tid.). Baconers, 121-1801 b„ 7Jd. (7Jd., 7-Jd.). Remarks.—Lamb and mutton: Market continues dull. Heavy supplies meat of all descriptions depressing market. Beef market: There is a slightly better demand. Pigs: Market weaker, owing to heavy pitchings of home-killed. Messrs. Lovin and Co. Ltd. have received the following cablegram from their London agents, dated November 2:— “Frozen meat quotations (prices on a "delivered” basis, i.e., including storage charges, cartage, tolls, etc.): Down lamb, 281 b. to 421 b„ none offering; best North Island, 281 b. to 421 b., 9 7-Bd. per lb.; ordinary North Island, 281 b. to 421 b., 9Jd.; second quality lamb, 8 7-Bd.; best North Island w’ethers, 481 b. to 641 b. G 5-8 d„ 641 b. to 721 b., Gid.; ordinary North Island wethers, 481 b. to 041 b.. 6 3-Bd.: North Islam! ewes, 481 b. to G4lb. 4Jd., 041 b. to 721 b. 4 3-Bd.; New Zealand prime ox beef, 1601 b. to 2201 b.. 44d. As compared with last week’s quotations, inmb and mutton is l-Bd. per lb. lower. Beef unchanged. Market depressed owing to continued poor demand.” LONDON HIDES MARKET (Australian Press Association.) (Roc. November 4, 5.5 p.m.) London, November 3. Hides are very dull. Meat works, drysalted.—Queensland, 34-3511)., 13d.: 30-4011)., 13}d.; 25-351 b., 13}d.; 20-301 b., 131 d. New South Wales, same weights, 131 d., 13Jd„ 13Sd„ 13? d. ■ Wet-salted.—Queensland. 50-6011)., 9Jd.; 40-5011)., 9Jd.. New South Wales, 9Jd., 93 d. Abattoirs. —Victorian Old., OJd. BRADFORD WOOL MARKET Messrs. Wright, Stephenson and Co., Ltd., report having received n cablegram from London witli regard to the wool market They advise:—“Merinos show 4d. to Id. advance. Crossbreds arc steady, medium and coarse crossbreds a shade weaker. Topmakers are protecting themselves in view of developments in the raw material market, but a fair amount of business is passing in merinos and very little in crossbreds.” The foregoing will refer chiefly to the Bradford market.

WOOL SALES AND EXPORTS OCTOBER FIGURES. Sales of wool (in bales) in New Zealand during October were as under, reports Messrs. Dalgety and Co.: — Corres-

LAST MONTH’S TALLOW EXPORTS Exports of tallow (in tons) to the United Kingdom and Continent from New Zealand during October were as follow, Messrs. Dalgety and Co. state:— Corres-

EGG-LAYING COMPETITION MASTERTON CLUB. Dominion Special Service. Masterton, November 3. Following are the results of the egglaying competition being conducted at Solway poultry farm by the Masterton Poultry Club for the thirty-first week ended to-day:—

LIVE STOCK SALE FEILDING. Messrs. Abraham and Williams, Dtd., report having yarded a small entry of sheep and cattle at the Feilding sale on Friday, all classes selling on a parity with the previous week’s quotations, ranging as follow:—Fat wethers, shorn, 325. 3d. to 325. Gd.; fat bullocks, £l5 10s.; fat cows* £8 to £l3; vcalers, £2 to £3 12s. 6d.; forward cows, £5 17s. Gd.; springing cows, to £ll 155.; cows with calves, £7; heifers in milk, £8 10s.; bulls, £3 155., £4 155., £6 to £lO. Messrs. Dalgety and Co., Ltd., report having a small entry of sheep and a moderate entry of cattle at their Feilding sale on Friday Quotations: Springing heifers, £lO to £lO 10s.; springing cows, £9 10s. to £10; small Jersey cross weaner heifers, £4; empty cows, £5 17s. Gd.; fat and forward cows, £6 55.; prime fat cows, £.ll 165.; prime fat heifers, £lO 15s. to £ll IBs.

ROYAL SHOW STOCK SALES PURCHASES FOR OVERSEAS Messrs. Wright, Stephenson and Co., Ltd., report) having conducted their annual Royal Show sale of stud stock. A number of important sales for export were made at auction, or by private treaty to Argentine, Patagonian, and Tasmanian clients. Negotiations are also being continued for further purchases on behalf of New South "Wales and South American visiting breeders at the show. There is a keen demand for prize-win-ners. Sales reported, are as follow: — On behalf of Mr. W. T. May, Hawke’s Bay, the second prize two-year-old Aberdeen Angus bull, Rex of. Matapihi, by the well-known sire, Nell of Ben Lomond, to a Tasmanian client. Rex of Matapihi has already taken reserve champion honours at Hawke's Bay and Dannevirke Shows. He realised 150 guineas at auction. ~ , On behalf of Mr. W. A. McFarlane, Hawke's Bay, the second prize yearling Aberdeen Angus bull, Marquis of M aiterenui, to a client, at 100 guineas, at auction. Marquis of Waiterenui is sired by Eland of Bleaton, imp., and his dam, Dorothy of Waiterenui, is the granddam also of the outstanding winning yearling bull at Hawke’s Bay and the Royal, in the same owner’s Mistral of Waiterenui. On behalf of Mr. D. F. McLeod, Opatu, King Country, the second prize yearling. Red Poll heifer, Opatu No. 17, to Feilding Agricultural College. This heifer, sired by Kowhai 45, and registered in the A.A. class, was keenly competed for, and realised 95 guineas at auction. The yearling bull,' Opatu No. 16, A.A., on behalf of the same vendor, and sired also by Kowhai 45, was sold at private treaty to Mr. D. Weston, Hunterville. A number of (naturally) Polled Shorthorn bulls were offered on behalf of a South Island breeder, but no sales were effected. ,

On behalf of Mr. O. A. Cadwallader, Greytown, the yearling Friesian bull,. Sir Fobes Ormsby, by Mollie Ormsby, from Roslyn Princess Fobes, at private treaty to Mr. T. W. Williams, Mataroa. On behalf of Mr. A. V. Lancaster, Palmerston North, the second prize three-year-old Jersey heifer, Roseberry Twilight, by Holly Oak Trombone, from Waimana Sunshine, to Mr. 11. E. B. Watson, Christchurch, at GO guineas. On behalf of Mr. Arthur O’Donnell, Bunnythorpe, the yearling Jersey bull. Raheen Oxford Royal, by Carhuduff Golden Lad, from Naheen Goldlight, to Messrs. Fourneau Bros., Pakowhai, Hastings, at 45 guineas. On behalf of Mr. W. H. Gaisford, Dannevirke, the first prize Lincoln ram hogget, Commendation, to Messrs. P. and G. Hughes, Buenos Aires, and on behalf of Mr. W. Howard Booth, Carterton, the first prize Lincoln ram hogget at the Hawke’s Bay Show, to the same client. On behalf of Messrs. E. Averill and Sons, Hastings, the reserve champion ram, to Mr. H. C. Hewlett, Omata, North Auckland, at private treaty. On behalf of Messrs. H. Burrell and Sons, Feilding, a prize-winning Southdown ram hogget, to Mr. F. Beamsley, Marlborough, and for the same breeders, a prize-winning ram hogget, to Mr. W. Bishell, Blenheim. „ . On behalf of Mr. H. T. Little, Hui Hui, Canterbury, two prize-winning Corriedale ram hoggets, to a Patagonian client. On behalf of Mr. W. Price, Feilding, Southdown ram hogget, to Mr. W. McNaughton, Morrinsville. On behalf of Mr. G. E. Allen, Tipua, Masterton, fifth prize Romney ram hogget, to Mr. F. J. Soler,- Marton, at 42i guineas at auction, and at private treaty, on behalf of the same breeder,, his first prize-winning pair of Romney ram hoggets. to Mr. Peter Campbell, Wyndham. On behalf of Mr. A. P. Southey, Masterton, his sixth prize Romney ram hogget, to Mr. W. Bishell, Blenheim, at 45 guineas at auction. WELLINGTON STOCK EXCHANGE LAST WEEK’S BUSINESS AND PRICES The usual volume of business was done on the Stock • Exchange last week, with prices very firm. There was an excellent turnover in bank shares, particularly Bank of New Zealand and Commonwealth Bank of Australia. Fourteen parcels of Bank of New Zealand sold at prices varying from 61s. to 61s. 7d„ most of the sales being at 61s. 6d. Nine parcels of Commeroal Bank of Australia changed hands at 30s. 2d., 30s. 3d. and 30s. 4d. National Bank of New Zealand sold at £7 25., £7 Is. 6d., £7 and £7 Is. 6d., Bank of New South Wales at £5l 10s. and £5l 155., : Union Bank at £l5 75., National Bank- of Australasia, £lO paid at £l9 6s. and £5 paid at 13s ’ Government stocks and bonds and other debentures were steady and met with a fair turnover. The per cent. Government stocks sold at £99 10s. and the 5} per cents, at £lOl ss. Tologa Bay 6 per cents. (1944) changed hands at £lO3 10s„ New Zealand Breweries, 10 per cent, bonds at 245. 5d., and Wellington City 5i per cents. (1933) at £99 10s. There was a strong demand for the shares of financial companies throughout the week, but the offers were 1 not high enough to bring sellers into the market. There were transfers of Goldsbrough Mort at 51s. 2d., and New Zealand Guarantee Corporation at Bs. Bd. Insurance shares were very firm and prices remained high. There was a good turnover in National Insurance at 16s. 4d., 16s. :6d., 16s. lid. and 17s. cum dividend. The company has just circulated a very satisfactory balance-sheet. New Zealand Insurance changed hands at 465., 465. 3d., 455. 9d., and 465. 3d., and South British Insurance at 635., 635. 6d. and 645. Gas shares were very quiet, but as the dividend period of a good many of the gas companies closes at the end of next month, they are likely to receive the attention of investors during the next few weeks. Auckland Gas sold during the week at 235. 2d. and 235. Id. Meat shares, have been inquired for In view of the opening of the season and the brighter prospects. Gear Meat sold at 435., and New Zealand Refrigerating, 10s. paid, at 95., 9s. 2d., 9s. 3d. and 9s. 2d. A moderate business was done in shipuing shares, with sales of Huddart Parker at 48s. 3d., Northern Steam at 745., and Devonport Steam Ferry at 245. Cd. There was a fair demand for coal shares and well spread business was done, in them. Sales were registered of WestportStockton, ordinary, at 3s. 5d., Hikurangi Coal, ordinary, at ss. 10d., preference at Ils. Id.; Pukemiro Collieries, at 675. 6d.; Taupiri Coal at 265. 6d.; and Renown Collieries, ordinary, at 16s. 3d. and 165.; and preference at 3s. Brewery shares were firm, but there was little business done in them outside of New Zealand Breweries, which sold readily at 545. 4d.. 545. sd. and 555. There was a sale of Ward and Co.’s shares at 425. 6d. The turnover in the miscellaneous section was smaller- than usual, but prices were steady. There were transfers of Britisli Tobacco at 445. and 445. 4d., Beath and Co. at 3Gs. Gd., Electrolytic Zinc, ordinary, at 335. Gd.. preference at 345. 3d. and 345„ Colonial Sugar at £63. Victoria Nyanza Sugar at 435. 9d., Wilson’s Cement at 40s. 2d., 40s. 3d. and 40s. and Checker Taxi-Cab at Bs. The sales reported on Saturday were:— Wellington City, 54 per cents. (1933) at £99 10s.: Bank of New Zealand at 61s. Gd.; National Insurance at 175.; New Zealand Insurance at 465. 3d.; South British Insurance at 645. and Electrolytic Zinc, ordinary, at 335. 6d. 1

SALES IN OTHER CENTRES By Telegraph.—Press Association. Auckland, November 4. Sales.—New Zealand Insurance, 465. 3d.; South British Insurance, 635. 6d.: Pukeiniro Collieries. 675. Gd.; Renown Collieries (ord.), 165.; Waihi Mining, 13s. Dunedin, November 4. Sales reported—National Insurance, 175., cum div., November 3. COMPANY ACTIVITIES NATIONAL INSURANCE The balance-sheet of the National Insurance Company for the year ended September 30 shows that the premium income less the reserve required to reinsure current risks was £238,808, as compared with £224,161 in the previous year. The losses totalled £135,875 against £115,904, and the exp4nses £85,285 against £90,676, leaving tlie’underwriting profit at £17,648 against £17,481. The losses for the past year were equal to about 57 per cent, of the premium income, the expenses to 30 per cent., and the underwriting profit to about 7 per cent., there being very little variation in the percentages compared with the previous year. To the underwriting profit of £17,648 there must be added the net income from interest, rents, etc., £31,880, and the amount brought forward from the previous year, making the total available for distribution £82,131. • Out of this £5OOO has been transferred to the reserve fund, £l7BO to the taxation reserve, and £1421 to the Investment fluctuation account. The dividend for the year of 9d. per share absorbs £37,500, of which £16,667 was paid as an interim dividend in May last, leaving a balance of £36,430 to be carried forward. The dividend is of the same amount as paid in the previous year. Last year the £5 shares with 30s. paid up were split into £1 shares -with 6s. paid up. and the paid-up capital is -therefore unchanged at £300,000; the reserve fund stands at £335.000 against £330,000, sundry creditors £38,423 against £22,636; appropriation for losses unpaid £26.256 against £24.721, investment fluctuation account £lO,OOO against £BOOO, and taxation and contingency account unchanged at £5OOO. The assets total £873,942 against £837,461 in the previous year, and include loans on mortgage £104.751 against £109,051, a decrease of £4300: freehold properties in New Zealand and Australia £140.380 against £83,835, balance due on sale of freehold property £19.000 against nil, debentures £116,012 against £121,012, New Zealand and Australian Government securities £357,089 against £382.590, accrued and outstanding interest on mortgages and other Investments £9862 against £10,078, branch and agency -balances £47,998 against £45,942, money on deposit and balance at bankers £69,649 against £81,511,. and remittances in transit £2OO against £3440. .This year’s balance-sheet appears in a decidedly improved form to the documents issued previously. CUSTOMS REVENUE. The Customs revenue collected at the port of Wellington on Saturday totalled £10,685. FOREIGN ITEMS THE WHEAT MARKET. (Australian Press Association.) (Rec. November 4, 5.5 p.m.) London, November 3. Wheat cargoes, are steady. La Platas are occasionally dearer in sympathy with the better Argentine closing. The demand is slow except for desultory buying on Indian account. Parcels are quiet. Liverpool futures: December, 9s. sjd.; March-May, 9s. 58d. ‘ ■ New York, November 3. Chicago wheat is quoted as follows:— December, 1 do). 142 cents.; March, 1 dol. 108 cents.; May, 1 dol. 12i cents a bushel. PRICES OF RAW MATERIALS. (Australian Press Association.) (Rec. November 4, 5.5 p.m.) /. 1 London, November 3.. Cotton.—Liverpool quotations for American middling upland cotton, November delivery, 9.98 d. per lb. Rubber.—Fine hard Para, lid. per Ib.|; first latex crepe and plantation smoked, ribbed sheet, 8 7-Bd. Jute.—October-November shipment, £32 ss. per ton. New Zealand hemp is not quoted. Copra.—November - December shipment, £24 15s. per ton. Linseed Oil.—£3o’ per ton. Turpentine.—44s. per cwt. Osmiridium is unchanged. \

October. Totals ponding for 4 mths., 4 mths. . 1927. Invercargill — — — Dunedin —- 2,43(5 2,720 Tiniaru — 397 797 Christchurch 61 2,184 3,047 Blenheim .. 15 bO 7 < Wellington 10 2,109 2.52(1 Wanganui 7 1,660 1,631 Napier .... —— 1,021 1,303 Gisborne .. 16 234 29 Auckland — 971 453 109 11,072 12,583 Exports of wool during October were: — Cor resTotals ponding Octofor 4 mths., her. 4 mths. . 1927. Invercargill Dunedin 373 804 2.753 4,077 3,475 4,473 Oamaru —— 1,031 1.043 Tiniaru 263 4,219 6,266 Christchurch 231(1 10.248 8, < 98 Blenheim A— 259 505 Nelson .... —— —- — Wellington . Wanganui 847 321 9,968 1,783 9,528 3,473 New Plymouth and Waitara . Napier and Wairoa 152 445 348 3,955 175 5,125 Gisborne and Toko4,279 maru Bay 12 1,941 Auckland and Opua 231 2,740 3,743 5704 43,948 50,885

October. Totals ponding for 4 mths., 4 mths . 1927. Invercargill 100 490 233 Dunedin 187 460 664 Oamaru — 209 250 Timaru 200 588 585 Christchurch ...... 124 1,106 727 Blenheim — 30 32 Nelson —— — —— Wellington 182 1,023 1,409 Wanganui 26 384 159 New Plymouth and 377 Waltara —— Napier and Wairoa 70 468 550 Gisborne and Tokomaru Bay —. 215 354 Auckland and Opua 121 942 1,378 1,010 6,053 6,778

SINGLES. Eggs Weight for of E. ,T. Wing, W.L., No. 1 . week. eggs, oz. dr. Tl. 6 11 4 175 E. W. Tooby, W.L 5 10 5 163 Opaki Stud Farm, W.L. . 5 10 10 153 T. and J. Taylor, W.L. . 10 10 129 G. E. Moody, W.L 6 13 8 124 L. A. Wadham, B.O. ... 7 14 6 118 E. J. Wing, W.L., No. 2 . 5 0 1Q 112 Raynor Bros., B.O., No. 1 2 3 4 112 E. A. Tozer, B.O 3 □ 14 112 A. Cook, W.L 4 8 7 111 W. Spence, W. L — — 90 H. C. West, W.L 11 0 85 Raynor Bros., B.O., No. 2 6 13 0 80 Raynor Bros., W.L. ... 5 10 8 77 B. Pimm, B.O 1 1 12 73 H. J. Pryor, R.I.R 65 — 57 1772 TEAMS. F. Taylor, W.L., No. 1 .. K n 15 170 ” No. 2 6 11 10 151 No. 3 6 12 12 143 407 Dr. Tweed, No. 1 5 10 8 152 ’’ No. 2 6 12 0 .152 ” No. 3 6 12 15 162 466 W. Spence, No. 1 7 15 12 159 ” No. 2 7 14 14 152 ” No. 3 5 10 8 137 448 E. W. Tooby. No. 1 6 11 0 164 ” No. 2 6 10 14 131 ” No. 3 ....... 5 9 11 130 425 P. Freeman, No. 1 7 15 101 143 ” No. 2 > 6 13 4 154 ” No. 3 6 11 8 127 424 G. Webb, No. 1 4 8 6 86 ” No. 2 ,) 9 14 159 ’’ No. 3 9 6 171 410 C. H. Robbins. No. 1 .... 7 15 7 91 No. 2 5 9 4 134 " No. 3 ....... 6 n 8 171 396 R. K. McDonnell. No. 1 . 6 ii 10 143 ” No. 2 ....... ■ n ii 12 117 ” No. 3 5 10 6 135 395 J. Bradbury. No. 1 5 10 15 -109 ” No. 2 a> 10 15 137 ” No. 3 6 12 . 0 142 388 Opaki Stud Farm. No. 1 . 4 8 14 166 ” No. 2 5 10 0 112 " No. 3 J. D. Rowlands, R.I.R. 6 13 4 106 384 ” No. 1 6 11 6 122 ” No. 2 4 7 5 142 ” No. ,3 1 1 14 115 Ito G. Masters, W.L., No. 1 . 4 8 6 147 ” No. 2 6 3 12 nt ” No. 3 o 12 8 117 ~375 G. Waring, No. 1 5 11 G 98 „ No. 2 « 13 4 124 „ No. 3 7 13 3 149 371 A. A. Hoarc. No. 1 6 12 6 111 „ No. 2 6 13 13 143 „ No. 3 6 12 4 105 359 H. C. West, No. 1 6 13 0 134 „ No. 2 6 12 8 109 „ No. 3 4 8 15 107 350 A. A. Hoare. R.I.R., No. . 6 11 15 114 „ No. 2 10 4 OS „ No. 3 6 13 13 74 286 C. E. Brock, W. L„ No. 4 9 0 70 „ No. 2 r» 10 15 78 „ No- 3 Rev. Blathwayt, B.O.— 6 12 4 134 282 No. 1 4 8 0 '53 No. 2 3 FT 8 55 No. 3 287 3 6 69 177 6788

Saturday’s buying a nd st •llii ig quot atlons were as under:— Buyers. Sellers. N.Z. GOVT. LOANS- £ s. d. £ s. d. 4} p.c. Ins. Stk.. 1939 99 0 0 — 44 p.e. ditto, 1938 ... 99 0 0 5} p.c. ditto, 1933 and 193G 101 10 n 5} p.e. ditto, 1932 ... —- 99 7 6 4} p.e. Bonds, 1938 and 1939 99 0 0 5} p.c. ditto, 1933 ...: 101 5 0 — DfiBENTURESWell. Racing Club ..: 106 10 0 N.Z. Milk Products (8 p.c. bonds) 1 1 6 Wellington City, 5} p.c.. 1933 100 0 0 Christchurch Tramways, 61 n.c.. 1934 — 104 10 0 BANKS— Australasia 14 17 0 Commercial of Aust, (ord.) 1 10 o 1 10 6 National of N.Z 7 0 0 7 3 0 National of Australasia (£5) 9 14 0 New South Wales ... 51 10 0 — New Zealand 3 1 3 — Ditto, long-term mortg. 1 8 3 Union of Aust 15 5 0 —- FINANCIAL— Equitable Bldg. Society 8 5 0 — National Mortgage .. 4 5 6 — N.Z Guarantee Corp. (ord.. 8s.) Ditto (pref.) — 9 0 8 9, 1 0 —— N.Z. and River Plate.. 1 12 3 —— Wellington Investment 0 10 8 •— Well. Trust and Loan 0 IS 6 •—* Wei 1 - Deposit & Mortg. 0 10 0

GAS— Wellington (ord.) .... INSURANCE— National 1 9 10 0 17 2 New Zealand 2 G 0 South British 3 3 10 —— MEAT PRESERVING— tO*] I* - ' 2 4 0 Canterbury Frozen Meat 9 0 0 N.Z. Refrigerat. (10s.) — 0 9 3 TRANSPORT— Huddart-Parker (ord.) o 7 9 —— P. and 0. def. stock.. 2 13 0 —— WOOLLEN— Kaiapoi (ord.) 0 13 3 —— Mosgiel 6 0 Wellington (ord.) .... () 17 0 Ditto (pref.) 6 IS 0 ■ COAL— Westport — — 1 10 G Waipa 0 13 G TIMBER— National 011 0 Leyland-O’Brien .... . 1 15 6 BREWERIES— Ne\y Zealand o 14 B 2 15 G Staples and Co 2 0 0 2 0 4 MISCELLANEOUS— Burns, Philp o 4 6 Dominion Investments 1 ’ <i Electrolytic Zine (ord.) 1 12 G 1 13 6 Ditto (pref.) 1 14 0 Newton King (pref.) . . 0 7 4 .N.Z. Drug Co 3 9 6 N.Z. Express (ord.) . 0 19 0 Well. Queen’s Theatre 1 2 9 Wilson's Cement 0 0 2 10