Farm and Commercial Section

Dominion, Volume 22, Issue 131, 27 February 1929, Page 14

Farm and Commercial Section

LATEST REPORTS from ALL CENTRES

AUCTION SALES TO-DAY. 12 Manners Street, 10.30 a.m. Sale of pawnbroker’s stock (Doherty Auctioneering, Ltd.) Paraparaumu, 1 p.m.—Sale of stock, account Weggery (Dalgety and Co.) 8 Willeston Street, 12.30 p.m.—Sale of carpets, etc. (E. Johnston and Co.) Bainesse Road, Bainesse, 11.30 a.m. — Sale of stock, account Chisholm (Abraham and Williams, Ltd.) Masterton sale. 8 Willeston Street, 10 a.m. —Sale of furniture (E. Johnston and Co.) 25 Coromandel Street, 10.1 a a.m. —Sale of furniture (Ramsey Wilson and Co.) TO-MORROW; Assembly Hall, Hastings, 2 p.m.—Sale of Taheke Station (Dalgety and Co., Ltd.) . Masonic Stables, Dannevirke. —Sale of yearlings Roake and Son). Cross Yards, Brancepeth.—Sale of stock, 11.30 a.m. (Wright, Stephenson, and Co.) Upper Hutt stock sale.

THE PRODUCE MARKETS BUTTER AND CHEESE Messrs. Dalgety and Company have received the following report from London, dated February 25: —“New Zealand cheese, white, 85s. to 80s.” Amalgamated Dairies, Liimted, advise receipt of the following market report from their London office, dated February “Butter: Market still very unsettled. Heavy c.l.f. purchases adversely affecting position. Anchor 1705., others ICSs.; Danish 191 s. spot, lS2s. f.o.b. Retails unchanged. • •• “Cheese: White 855., coloured 86s. Rather firmer improved demand at reduced prices. Canadian Septembers 104 s. to 108 s. Later makes 04s. upwards. Market slow; retail unchanged.” .... The Bank of New South Wales report having received the following cable advice from their London office, dated last Friday: — Wool: Market quiet; prices little easier, all round since last report; steady market expected now. Mutton: Wethers, 4Jd. to Tjd.; heavyweights, weaker; light, steady; ewes, 4|d. to sjd.; nominal; short of supplies. Lambs, B|d. to 9Jd.; market well supplied. Lambs, BJd. to 93d.; market well suplied. Porker, 7d. to 8RI.; better request. Butter, 170 s. to 1725.; depressed. Cheese, white, 84s. to 855.; coloured, 84s. to 88s.; steadier at lower price.

PALMERSTON WOOL, SKIN, AND HIDE SALE

Messrs. Abraham and Williams, Ltd., report:—We held our monthly sale of wool, skin, hide and tallow at Palmerston North on Friday, when we offered a very large catalogue to a full attendance of buyers. Wool, in sympathy with other centres, was decidedly lower. For sheepskins, the demand was keen at id. to id. lower on dry skins, while salteds were very firm. With the exception of heavy ox. values of hides declined 2d. to 2id. per lb. Calfskins firm, and yearlings easier. Tallow was on a par. The following gives a range of prices realised: —Wqpl: Southdown, 16d.; crossbred. medium 134 d. to 14d., coarse 114 d. to 12}d.. seedy and inferior lOd. to lljd.; lambs, IGld. to IGJd., medium lod. to Hid., coarse 13Jd. to 14d„ seedy lOd. to 13Jd.; dead wool, 9d. to lljd. Sheepskins: Crossbred, fine 15d„ medium 13|d. to 14Rl„ coarse, 12d. to 13id., damaged and inferior 83d. to 12Jd.; lambs, 13}d. to 13Jd., dead fid. to IOJd. Salted skins: Salted pelts, heavy 6s. fid. to 7s. each, medium weights 6s. to 6s. ad., light 4s. 3d. to ss. Hides: Ox, heavy 10d., medium 10d., light 7d. to 10d.; cow, heavy 6 7-Sd., medium 6 5-Bd., light GJd. to 7id.: calfskins, best lines to 16d., good lod. to 15Jd.. stained 14d. to 143 d., cut and inferior 12d. to 133 d., yearlings 8;d. to 9 5-Bd. Tallow: In tins, £24 to £27 per ton. ' MARKET REPORTS LITTLE MOVEMENT AT AUCKLAND, Dominion Special Service. Auckland, February 26. There has been little movement In the local grain and produce markets since last report. Potatoes are still offering plentifully and there appear to be ample in sight for some time to come. It should be well on in April before there will be any need to seek supplies from the south. The quality at present coming into store is mixed, with a fair proportion affected by brown spot. The city price, ex store, is £8 per ton, but where the quality is guaranteed another 10s. is willingly paid. Some forward business in southern lias been done, but only enough to cover normal contracts witli retailers. Large quantities of onions are offering, and the prices have eased £1 per ton since last report at Bs. 6d. per cwt., ex store. The price is unusually low for this season of the year. Pukekohe is quoting £0 10s. to £7 10s. per ton on trucks. The oats market is very weak and B Gartons, which dropped to 4s. 6d. last week, will show a further decline of 2d. per bushel during the next few days. Chaff, too. is easier in anticipation of the new season's deliveries, which are expected next week. The price has been lower ss. per ton to £0 10s., the figure which ruled for the whole of last year. Dunns’ oats, which are chiefly used for racehorses, are firm in price and some of the trainers are giving orders for clipped A Gartons.

The local wheat market continues stationary. despite the efforts of southerners to raise values. However, it would appear that the bottom has been reached in the meantime, as orders from this end at ss. 6}d„ f.o.b. Lyttelton, are being turned down every day. The maize market remains quiet and unchanged. Odd lines continue to be offered from the Bay of Plenty, and with Gisborne to draw upon there are no signs of a possible shortage. Wholesale current prices are:— Sharps and bran, mill prices: Sharps, £9 10s. per ton; bran, £8 per ton. Merchants’ quotations, ex store: Southern and Australian pollard, £lO 10s.; bran, £8 10s. Oats, feed B gartons. 4s. 6d.; A Gartons, 4s. fid. per bushel: clipped Dunns. ss. 9d.; clipped Gartons, ss. 3d. Seed Algerians, Gs.; fowl wheat, 7s. Sd. to 7s. 9<l. per bushel. Maize. 6s. Gd. ex store; barley feed. ss. fid. per bushel. Cape barley seed, Gs. 6d. per bushel. Maize meal. 14s.' ner 1001 b. Barley meal, 13s. per 1001 b. Chaff, g.b.0.5.. £9 10s. per ton, Blenheim or Canterbury. Potatoes, £8 per ton. ex store: £7 on trucks, Pukekohe. Onions, £8 10s. per ton, ex store; £7 on trucks, Pukekohe.

POSITION IN CANTERBURY By Telegraph.—Press Association. Christchurch, February 26. ' No change has taken place in the wheat market. Deliveries are arriving fairly heavily, and millers and others in the trade would not mind a weather break to hold up threshing for a period. Any business for the time being is on a basis of ss. 7d. to ss. Bd. on trucks. The shade of firming in the oats market, mentioned in the week-end report, has been scarcely maintained, and quotations are inclined to be easier by about a halfpenny per bushel prompt. A Gartons are quoted at 3s. 4d. f.0.b., s.i., or 2s. Bd. on trucks, and 3s. Old to 3s. Id. for B's. Chaff is inclined to ease, and is quoted at £5 a tou f.0.b., s.i. Seeds show no change, but ryegrasses stocks are good and firm. Partridge pea threshing returns show that this erop has suffered considerably as a result of the wet summer. A number of returns are below 25 bushels to the acre, and occasional crops not much more than half that. The Home inquiry is lifeless. Values on trucks are ss. 3d. to ss. 6d. Consequent on the lengthy spell of dry weather the potato market is firmer; f.0.b., s.i. values for March-April are £5 a ton. sellers at the week-end quotations ot £4 17s. 66. not being about. July-September business is quoted at £5 17s. Gd. f.0.b., s.i., and values to farmers for early delivery are from £3 12s. G’d. to £3 15s. a ton. LIVE STOCK SALES JOHNSONVILLE Messrs. Wright, Stephenson and Co., Ltd., and Abraham and Williams. Ltd., report on the Johnsonville sale held yesterday as follows: — “To a small attendance of butchers we submitted an average yarding of sheep, lambs, and cattle. The decline in prices that was in evidence last week was move marked at to-day's fixture. Prices for all classes of stock, with the exception of lambs, were considerably easier than last week's rates. Wethers and ewes showed a decline of Is. to Is. 6d. on late rates, and bullocks and cows were down 20s. to 30s. per head, as comiiared with last week’s sale. Lambs met were a good demand at prices slightly above export -'v/e quote:—Bullocks, £l5 12s. 6d., £l5 17s. Gd., £l6 2s. 6d., £l6 55.. £l6 7s. 66.; cows, £ll to £ll 10s.: heifers, £a 12s. 6d.; wethers. 30s, 6d.. 325.. 355., 355. ad., 355. Od. to 3Gs.; ewes, 235., 235. 3d., 235. 10d., 245., 245. Gd., 245. 96., 245. 106., 275., 28s. 3d. to 28s. fid.; lambs, 225. 3d., 235. 66., 235. 10d., 255.. 255. 7d., 275. 2d., 2.5. 3d., 27s’. Gd. to 28s. 9d.” MANGAWEKA EWE FAIR.

The New Zealand Farmers' Co-operative Distributing Company, Ltd., report as follows on the Mangaweka ewe fair last Thursday:—Our entry comprised some 7000 ewes out of a yarding of about 12,000 the total being one of the smallest yardings for years. Buyers were present from Waikato, Taranakai, Wanganui, Feilding and Palmerston North, and competition was keen throughout, very few lots being passed in. Some of our sales were as follow:—Account J. W. Smith, 178 four-year ewes, 315.; account G. W. Bramley, 267 four and five-year ewes, 275.; account F. Healey, 205 five-year ewes, 295.; account D. Ramsay, 117 four and iive-year ewes 28s. 10d.; account D. G. Mackay Turnbill, 240 five-year ewes, 31s. lOd.; account E. L. Peed and Son, 3SO tour and five-year ewes, 325. 5d.; account Estate W. S. Marshall, 120 four-tooth ewes, 40s. Gd.; account T. D. Word, 163 four and five-year ewes, 255. Id.; account W. Hamilton, 96 four and fiveyear ewes, 295. 9d., 82 five-year ewes, 295.; account W. Stewart, 60 four-year ewes, 30s. Gd.; account W. H. Billinghurst, 52 in.a. ewes, 275. fid., 90 four, 6 f.f.m. ewes, 335.; account J. O’Gallagher, 138 four and five-year ewes, 305.; account Len Weston, 76 two-tooth ewes, 445.; account Geo. Zohs, 45 two-tooth ewes, 405.: account B. L. Peed and Son, 144 two-tooth ewes, 395. lOd.; account F. Healey, 89 two-tooth ewes, 335.; account S. J, Lowry, 89 two-tooth ewes, 355.; account A. McMillan, 73 two-tooth ewes, 405.; account Fix Estate, 84 twotooth ewes, 345. 3d. In conjunction with Dalgety and Co. on account W. A. Davidson, 117 two-tooth ewes, 435. 6d. In conjunction with Dalgety and Co., Ltd., anti Abrahams and Williams, Ltd., on account Russell Estate, 528 five-year ewes, 325. 7d.; 250 ditto. 325. 6d.; 222 ditto, 325. Id.; 280 fonr-tooth maiden ewes, 41s. Od.; 260 two-tooth ewes, 40s. Od. CLEARING SALE AT WHAKARONGO.

Messrs. Abraham and Williams, Limited, report having held a clearing sale of dairy stock for Mr. F. J. Sheppard at the farm, Whakarongo, on Monday. There was a fair attendance of buyers, and- a total clearance was effected. The cows made up to £l4 ss. The whole herd of 60 averaged £9 15s. Heifers, r.w.b., £7 ss. to £0 7s. 6d.; fat cows, £8: bulls, £4 to £6 2s, 6d.; weaner heifers, £2 IDs. od.; heifer calves. £2 45.; weaner steers, 30s. Messrs. Dalgety and Co., Ltd., report having a moderate entry of stock at their Marton sale on Monday, which sold as follows:—Aged low-condition ewes, 9s. 6d.; two-tooth ewes, 40s. 6d.; light fat cows, £6 75.; dairy cows, £7. PAHIATUA EWE FAIR. Dalgety and Co., Ltd., report on the Pahiatua Ewe Fair as follows: —A very full yarding of breeding ewes was submitted to a large attendance, buyers being present from Waikato, Taranaki, Hawke’s Bay, Manawatu and all the surrounding districts. Notwithstanding pessimistic opinions expressed in the Press, buyers were keen to secure ewes of good class, a feature of the sale being the keen demand for young ewes. With the exception of one pen of aged ewes, there was a total clearance at auction of our entry, which comprised 6300 sheep. Following are the principal sales:—Account Dr. C. P. Knight, 1093 iive-year ewes at 285.-(this was the top price of the sale for sheep of this age) ; 28 two-tooth ewes, 275. On account Tyiee Bros.: 195 two-tooth ewes, 3Ss. Id. On account D. Morrison: 204 ; two-tooth ewes, 355. 9d. On account H.' H. Miller 292 s.m. ewes, 275. On account A. H. Ahrens: 336 four-year ewes, 30s. to 30s. Bd.; 109 five-year, 245. 7d. On account F. G. Lewis: 305 s.m. ewes, 255.; 159 twotooth ewes, 345. Gd.; 106 m. aged ewes, 265. 2d.; cujl two-tooth ewes, 30s. Id, On account H. H. Miller: Cull two-tooth, 295. 9d. On account S. McLeod: Two-tooth ewes, 355. Gd. On account M. Galvin: Two-tooth ewes, 38s. fid. On account Clee and Price: Four and five-year ewes, 265. 6d. to 225. 3d. On account T. Anderson: Four and five-year ewes, 255. 3d. On account M. Castle: S.m. ewes, 245. 5d.; aged poor sorts made from 15s. to 21s.

W.F.C.A. report on their Pahiatua sale yesterday as follows:—We submitted a medium yarding of sheep and cattle to a fair attendance of buyers and report a total clearance under the hammer at the following prices:—Small two-tooth wethers 255. Gd.; b.f. Jambs, 21s. 4d.. 18s. 7d., 18s ’ 17s. fid.: w.f. lambs. 16s. fid.: small ewe lambs, 16s. lOd.; small wether Jambs. 13s 7d.; cull lambs, Bs. 4d. to 12s. 7d.: Southdown rams, 3gns. to Glans.; Romnev rams 2}gns. to 4Jgns.: springing heifers, £1(1 EGG-LAYING COMPETITION MASTERTON CLUB Dominion Special Service. Masterton, February 25. Following are the results of the egg-lay-ing competition being held by the Masterton Poultry Club, for the forty-seventh week ended on Saturday :— SINGLE BIRDS.

LACK OF FUNDS ENFORCED POSTPONEMENT OF COMPETITION. Masterton, February 25. On account of a shortage of money, the Masterton Poultry Club has been compelled to abandon the project of again instituting the egg-laying competition next season. The present season has only four more weeks to run. Much regret is felt at the enforced decision, for there is no doubt but that the competition did a great deal of good, having- much the same effect on the industry; as herdtesting is having on the dairy industry. It is hoped that it will be possible for the competition to be recommenced next year. Several applications for space had been received by the secretary of the Poultry Club, Mr. E. J. Coleman, for the coming season. WANGANUI WOOL SALE ORDER OF CATALOGUES. Dominion Special Service. Wanganui, February 26. The third Wanganui wool sale of the season, which will commence at tlie Opera House to-morrow at 7.30 p.m., will not conclude that night, it being anticipated that but half the catalogue will be offered. The remainder will be auctioned on Thursday morning. The total offering comprises 273 G lots and the order of sale and allotment to each broker are as follow: —Johnston and Co., Ltd., 754 bales; Farmers’ Co-operative Organisation Society, Ltd., 3097; New Zealand Loan and Mercantile Agency Co., Ltd., 3609; Dalgetv and Co., Ltd., 2391; Wright, Stephenson, and Co., Ltd., and Newton King, Ltd., 5510; Levin and Co., Ltd., 2422; Murray, Roberts, and Co., Ltd., 1290; New Zealand Farmers’ Co-operative Distributing Co., Ltd., 3133; Freeman R. Jackson and Co., Ltd., 325 G. Total, 25,462 bales.

WELLINGTON STOCK EXCHANGE YESTERDAY’S BUSINESS AND PRICES A sale of Union Bank shares at £l5 Bs. Gd. made late on Monday was reported at the morning call yesterday and ocher sales reported were: Ward and Co. (in liquidation) at 345. Gd. and Sltarlaud and Co. at 20s. Gd. At the afternoon call a sale of New Zealand Kefihgeratmg, 10s, paid up, at 7s. Gd. was reported.

There was a good general demand for shares, but sejlers were scarce. The 4J per cent. Government stocks were steady at £99 155., and the 5J per cents, at £lOl ss. Waitomo Power Board, 54 per cents. (11)64) were in demand at £99 10s., Wellington Racing Club debentures at £lO6 10s., and New Zealand Breweries at 265. 4d. Bank shares were again rather quiet. There were bids of 345. lid. for Australian Bank of Commerce, 2i)s. for Commercial Bank, £7 4s. for National Bank of New Zealand, £l9 7s. Gd. for National Bank of Australasia £lO paid, and 28s. Gd. for Bank of New Zealand D shares. Sellers quoted £l5 2s. Gd, for Bank of Australasia, £8 18s. for English, Scottish and Australian Bank, 635. fid. for Bank of New Zealand, and £l5 9s. Gd. for Union Bank.

Goldsbrough Mort were steady at 525. 9d„ New Zealand Loan and Mercantile at £126, New Zealand and River Plate at 335. 3d., and New Zealand Guarantee Corporation, ordinary at Bs. lOd. and preference at 21s. 3d. Building shares were again in good demand with buyers of Equitable Building at £8 7s. 6d., Wellington Investment at 10s. Bd., Wellington Deposit at 10s. 3d. and Wellington Trust and Loan at £6 18s. Insurance shares were more sought after yesterday, and there were blds of 16s. 2d. for National Insurance, 655. 6d. for Queensland Insurance, and 645. 9d. for South British. Gas shares were steady and unchanged with buyers of Christchurch Gas at 255. Gd., Gisborne Gas at 10s., and Wellington Gas at 31». Gear Meat shares were in strong demand at 435. Gd., and New Zealand Refrigerating, 10s. paid, were wanted at 7s. sd. There were buyers of P. and O. Deferred Stock at 635., Mosglel Woollen at £7 10s., Wellington Woollen, ordinary at £7 4s. 6d., Westport Coal at 325., Kauri Timber at 175., and New Zealand Breweries at 575. lOd. There was a fair demand for shares in the miscellaneous section. British Tobacco were firm at 48s. 9d. For Burns, Philp and Co., 48s. was bid, and for Burns, Philp South Sea 80s. There was a demand for Dental and Medleal at 10s., Farmers’ Co-op. Auctioneering at 575., Holden's Motor Body Builders at 28s„ Newton King at Bs. 6d„ Wairarapa Farmers it 13s. 9d.. Gasco Bricks at 275. 63., Taranaki Oil at 4s. 4d., Blenheim Oil at 40s. cum rights, and Mount Lyell at 425. Gd. Yesterday’s buying and selling quota-

SALES IN OTHER CENTRES By Telegraph.—Press Association. ' Auckland, February 26. Sales.—Commercial Bank ot Australis, 295.; National Bank of New Zealand, £7 55.; Bank ot New Zealand, 635. 9d.; National Insurance, 16s. 2d.; Renown Collieries (pref.), 2s. lid.; Gisborne Gas, 10s. 3d.; Huddart Parker, 4Gs, 9d.; New Zealand Farmers’ Fertiliser, 20s. Gd.; Sanford, Limited, 18s.; Taranaki Oil, 4s. Gd.; Waihi Mining, 13s. 6d. Christchurch, February 26.

Sales.—Australasia, £l5 Is., £l5; National of New Zealand, £7 55.; New Zealand Guarantee Corporation, Ils., 9s. Id.; P. and O. deferred stock, 645. 9d.; New Zealand Refrigerating (£1 paid), 16s. 2d.; Christchurch Gas (10s. paid), 12s. lid.; New Zealand Breweries, 575. 9d.; Staples Brewery, 445.; Australian Distilleries, 245. 9d.; Reath and Co., 30s. 3d.; Beath and Co, (new Is. paid), Bs. Id.; Dunlop Rubber. 285., 28s. 2d.; Mount Lyell, 435. 3d„ 435. 4d. (tour parcels), 435. 5d., 435. 2d., 435. 3d.; N.Z. Sugar of Milk, 235. (three parcels), 225. 9d.; Wilson’s Cement, 40s. Id.; Taranaki Oil, 4s. 9d.; Mahakipawa, Is. sd. (five parcels).

Dunedin, February 26. Sales Reported.—National Insurance, 16s. 3d.; Kildare, 3s.

COMPANY ACTIVITIES x

GOODYEAR TIRE COMPANY In the first year of its operations in Australia the Goodyear Tyre and Rubber Co. (Australia), Ltd., had to record a loss of £38,754. This could be understood on account of the expense of establishing new manufactures on the market. For the year ended December 31, 1928, a net profit ot £117,571 was earned. After deducting debit balance of £44,573, which included 8 per cent, preference dividend for tlie halfyear ended June 30, 1927, and meeting pre-, ference dividends for the eighteen months to December 31 last, a surplus of £37,919 remained. Net profit was struck after writing off the remaining preliminary expenses of £13,308. The board states that by careful buying the company was able to restrict its losses when the rubber market collapsed in the first half of the year.. Factory floor space was Increased 80 per cent, to provide equipment and facilities commensurate with sales. The company was formed some two years back, the Goodyear Tyre and Rubber Company ot Akron, United States, paying for 500,000 ordinary £1 shares, at par in cash, and. 300,000 £1 cumulative preference shares were taken up at par in Australia. The liabilities are subscribed capital £BOO,OOO, Goodyear Export Company. £120,342, Goodyear Tyre Company £21,350, open accounts £BlBl, and provision for taxation, etc., £36,096. The assets include freehold land and buildings, £218,656, fiiant and equipment £248,829, stocks £324,143, sundry debtors £205,369 and cash £34,661. CUSTOMS REVENUE. The Customs revenue collected at the port of Wellington yesterday totalled £12,181. FOREIGN ITEMS PRICES OF METAL. (Australian Press Association.) (Rec. February 26, 9.30 p.m.) London, February 25. Copper.—Standard, on spot. £7B 4s. 44d. per ton; forward delivery, £7B 18s. l}d.; electrolytic, £B4 to £B4 10s.; wire bars, £B4 10s Lead. —Spot or forward, £23 10s. Spelter.—Spot or forward. £26 6s. 3d. Tin.—-Spot or forward, £222 13s. 9d. Silver. —Standard. 2Gd. per ounce; fine, 28 l-16d.

Egg s. Wgt. Tl. E. ,T. Wing. W.L.. No. 1 . 4 7 10 251 Opakl Stud Fann. W.L. 4 10 0 226 T. and J. Taylor. W.L. .. 10 8 218 E. W. Tooby, W.L — — 20S G. E. Moody, W.L 5 11 8 208 E. ,T. Wing, W.L. No. 2 .. 5 10 0 193 A Cook, W.L ■j 10 4 1S7 L. A. Wadham, B.O 5 11 0 181 llayner Bros., B.O. No. 1 6 11 10 170 H. C. West, W.L 4 8 12 160 Rayner Bros., No. 2 B.O. 3 6 12 150 E. A. Tozer, B.O 3 5 12 149 Rayner Bros.. W.L 5 11 4 148 TT .T Pryor R I R 4 8 1° B. Pimm, B.O o 3 12 109 W. Spence, W.L — 100 -, — ■ 1 ■ — 60 2767 TEAMS. F. Taylor, W.L., No. 1 .. 5 10 4 264 „ No. 2 5 10 2 242 No. 3 4 9 0 225 731 Dr. Tweed, W.L.. No. 1 .. 5 13 4 231 ,, No. 2 6 12 10 238 No 3 5 11 0 °39 70S I’. Freeman. W.L., No. 1 5 10 15 232 „ No. 2 1 1 11 4 23!) No. 3 4 7 10 203 665 W. Spence, W.L.. No. 1 5 11 12 246 K 11 12 220 No. 3 3 6 12 198 664

E. W. Tooby. W.L., No. 1 4 7 12 22G No. 2 1*1 9 .8 .216 No. 3 6 12 2 211 653 C. H. Robbins, W.L., No. 1 4 9 4 184 No. 2 5 10 0 183 264 No. 3 5 10 0 631 J. Bradbury, W.B., No. t 3 6 8 183 3 6 14 208 No. 3 10 4 227 618 A. A. Hoare, W.L., No. 1 5 10 0 182 No. 2 5 10 10 231 No. 3 6 13 4 202 615 Geo. Webb, W.L., No. 1 .. 3 6 10 134 ,, No. 2 219 ” No. 3 6 12 4 261 614 Opakl Stud Farm, W.L. „ No. 1 o 4 IS 500 No. 2 4 8 8 196 No. 3 5 10 14 194 612 R. K. McDonell, W.L., No. 1 4 8 4 217 5 11 12 1G8 No. 3 5 10 8 219 604 Geo. Waring. W.L., No. 1 5 10 12 177 • > 4 14 181 ” No. 3 6 12 4 241 599 H. C. West, W.L., No. 1 4 8 14 218 „ No. 2 9 12 193 ” No. 3 4 9 8 178 589 Geo. Masters, W.L., No. 1 5 11 4 228 „ No. 2 125 ” No. 3 5 12 8 198 551 J. D. Rowlands, R.I.R., No. 1 — 178 „ N.o 2 3 6 6 222 No. 3 5 10 3 139 531 C. E. Black, W.L., No. 1 4 9 8 142 „ No. 2 4 8 12 142 No. 3 4 9 8 205 489 A. A. Hoare. R.I.R., No. 1 4 7 12 192 5 10 *8 177 136 505 „ No. 3 4 9 0 Rev. Blatbwayte, B.O., No. 1 6 11 14 101 „ No. 2 ...... • > 4 4 108 113 322 " No. 3 2 3 13 ■ -

tlons were as under:— N.Z. GOVT. LOANS— Buyers. £ s. d. Sellers. £ s. d. 41 p.c. Ins. Stic.. 1939 9!) 15 0 — 44 p.c. ditto, 1938 ... 99 15 0 100 0 0 5j p.c. ditto. 1936 ... 101 5 0 5j p.c. ditto, 1941 ... 99 5 0 —- 44 p.c. Bonds, 1938 ... —-- 101 2 6 44 p.c. ditto, 1930 ... — 99 15 0 Sj p.c. ditto, 1933 and 1936 101 5 0 54 p.c. ditto. 1930 ... —— 99 15 0 DEBENTURES— Well. Racing Club .. .00 10 0 — N.Z. Breweries (bonds) 16 4 1 6 10 Waitomo Power Board, 54 p.c., 1964 99 10 0 —— Well. City, G p.c., 1932 —— 103 0 0 BANKS— - - 15 2 6 Aus. Bank of Com. .. 1 14 11 Com. of Aus. (ord.) 19 0 19 4 Eng.. Scot, and Aus. — 8 18 0 National of N.Z 7 4 0 —— National of Australasia (£10) 19 7 6 — Ditto (£5) — 9 14 6 New Zealand — 3 3 9 Ditto, long-term mortg. .18 6 19 0 Union of Australia .. —— 15 9 6 Ditto (Melbourne re15 10 6 FINANCIAL— Goldsbrough Mort ... 2 12 9 Equitable Bldg. Co. .. 8 7 6 —• N.Z. Guarantee Corp. (ord.) 0 8 10 0 9 0 Ditto (pref.) 113 ——■ N.Z. Loan and Merc. .. 126 0 0 — N.Z. and River Plate .. 1 13 3 — Well. Invest. T. and A. 0 10 8 Well. Trust and Loan 6 18 0 Well. Deposit & Mortg. 0 10 3 —- Christchurch 15 6 16 0 0 10 0 ■ 1 - Wellington (ord.) ... 1 11 0 — Ditto (pref.) 0 16 9 — INSURANCE— 0 16 2 Queensland 3 5 6 South British 3 4 9 MEAT PRESERVING— r 2 3 6 ■ ■ 1 N.Z. Refrigerat. (10s.) 0 7 5 — TRANSPORT— Huddart, Parker (ord.) — 2 7 6 P. and 0. (def.. stk.) 3 3 0 —— WOOLLEN— 1 7 10 0 ■ Wellington (ord.) ... 7 4 6 7 6 6 COAL— Westport 1 12 0 — Pukemiro — 3 8 0

TIMBER— 0 0 11 0 — BREWERIES— New Zealand 2 IT 10 2 18 3 Ward and Co. (In liq.) — 1 15 0 MISCELLANEOUS— C. M. Banks (pref.) .. ■— 0 17 9 British Tobbaco (Aust.), (ord.) ...... 2 8 9 Barns, Philp and tjb. 2 8 0 —* Ditto, South Sea . 1 10 —— Dental and Medical Supply 0 10 0 ■ ■— Farmers’ Co-op. Auctioneering (ord.) .. 2 17 0 —— Holden’s Motor Bidrs. 1 8 0 — Newton King (pref.) 0 8 6 —— N.Z. Paper Mills .... — 0 19 6 Taranaki OU 0 4 4 —• Wairarapa Farmers’ 13 9 Wiispn’s Cement ...:. 2 0 8 Gasco Bricks 1 7 6 — Blenheim Oil 2 0 0 3 5 0 MINING— Mount Lyell 2 2 6 —