Farm and Commercial Section

Dominion, Volume 22, Issue 135, 4 March 1929, Page 14

Farm and Commercial Section

LATEST REPORTS from ALL CENTRES

AUCTION SALES TO-DAY. Park Road, Miramar, 11.30 a.m.—Sale of stock, account 0. C. Thomas (W. S. and Co.) TO-MORROW. Marton, 3 p.m.—Sale of property, account estate M. and 8. Gibbons (A. and W., Ltd.) Johnsonville fat stock sale. Pahiatua Supplementary Ewe Pair. NEW ZEALAND DAIRY COMPANY CONFIDENCE IN CONTROL. By Telegraph.—Press Association. Hamilton, March 2. Dissatisfaction with the payments to suppliers made by the New Zealand Cooperative Dairy Company was recently expressed in a resolution of shareholders of the association, as telegraphed from Te Awamutu. A representative meeting of the suppliers’ committee at Hamilton dissociated itself from the Shareholders’ Association, deprecating its attitude and reaffirming confidence in the management. TALLOW SALE Messrs. A. H. Turnbull and Co. have received the following cablegram from Messrs. W. Weddel and Co. Ltd., dated London, February 27:■—“At tallow auctions to-day, 700 casks were offered, of which 500 casks were sold. Late rates to 6d. more.” ’

PRODUCE MARKETS FROZEN MEAT (Australian Press Association.) (Rec. March 3, 5.5 p.m.) London, March 2. Sheep. Canterbury, heavy, 5 3-Bd. North Island, light 6?d., medium 6id. Lambs. Canterbury, light 94d., medium 0 3-Bd., heavy 9}d„ seconds 8?d. Other selecteds, light 9}d., medium 9 3-Sd. North Island, firsts, medium, 9d.; seconds, 8 5-Bd. . . „ Australian, firsts, Victorian 8 3-16 d., others 7 15-10 d.; seconds, Victorian Sid.; thirds. 7jd. Argentine, firsts, medium 7Jd. Chilled Beef. Argentine, fores 4?d., hinds 6id. LAST WEEK’S PRICES. The New Zealand Meat Producers' Board has received the following cablegram from its London office, dated March 1 advising Smithfield delivered prices averaged for week ending that date as follows (prices for the two previous weeks are shown in parentheses) New Zealand Wethers and Maidens.— Canterbury duality, selected brands i 561 b. and under, 7s. (7d., 7d.); o7lb. to Glib., G 3-Bd. (G 3-Bd., Gid.) ; 051 b. to 721 b„ 5 3-Bd. (aid.. sJd.l. Other brands: 561 b. and under, Gid. (Oid., Gid.) ; 571 b. to 641 b., GJd. (G 1-Sd., 6 l-Bd.) ; 051 b. to 721 b., aid. (old., 5 3-Bd.). New Zealand Ewes.—64lb. and under, 4?d. (4?d., 4?d.). New Zealand Lambs.—Canterbury quality: 361 b. and Under, 9id. (9}d., 9 7-8 d,); 371 b. to 421 b., 9 3-Bd. (9 5-8 d„ 9 7-Bd.) ; 43 lb. to 501 b., 9Jd. (Old., 9 7-8 d.); seconds, Bfd. (8 7-8 d„ not quoted). Selected brands: 361 b. and under, 9id. (9 3-Bd., 9?d.); 371 b. to 421 b., 9 3-Sd. (9}d.. 95d.). Other brands, first quality: 301 b. and under, 9 l-Bd. (9 l-Bd., 9id.); 371 b. to 421 b., fid. (9 l-Bd., Oid.); second quality, 301 b. to 321 b. average, 8 5-Bd. (Sid., 8 7-Bd.). Australian Lambs.—Victorian, first quality, 361 b. and under, Bjd. (Bid., 8 3-8 d.); 3711). to 421 b.. 8 l-Bd. (81d„ 8 3-Sd.). Argentine Lambs.—Fly t Quality: 361 b. and under, 7 7-Bd. (7 7-8(1,, 7 7-Bd.) ; 371 b. to 421 b., 7|d. (7 3-Bd., 7 3-Bd.). New Zealand Beef.—Ox fores, not quoted: ox hinds, sd. (sd„ 5d.); cow fores, 3id. (3?d., 3id.); cow hinds, 4{d. (4id., Chilled Beef. —Ox fores, 4Jd. (ad., 4 l-Bd.)i OX hinds, Oid. (6Jd., 5?d.), Argentine Frozen Beef.—Not quoted. New Zealand Frozen Pork.—Porkers: 601 b. to 801 b., Bid. (Bd., 8d.); 811 b. to 991 b., Sd. (74d„ 74d.); 1001 b. to 1201 b., 74d. (7d., 7d.); baconers, 1211 b. to 1801 b., 74d. (7d„ 7d.). Now Zealand Frozen Veal.—Not quoted. Remarks: Lambs, consumption is Improving steadily, but market '-weaker owing to heavier arrivals; mutton, market steadier but trade slow. New Zealand beef, market firm, stocks light; New Zealand porker pigs, meeting good demand, stocks light; New Zealand baconer pigs, market is quiet and steady. Messrs. Lovin and Co., Ltd., have received the following cablegram from their London agents, dated March I:—Frozen meat quotations (prices on a "delivered basis, i.e., including storage charges, cartage, tolls, etc.): —Down lamb, 281 b. to 421 b„ 9 3-Sd. per lb.; best North Island. 281 b. to 421 b„ 9id.; ordinary North Island, 281 b. to 421 b., fid.; second quality lamb, 8 5-Bd.; best North Island wethers, 481 b. to 641 b., did.; best North Island wethers, 641 b. to 721 b., sid.: ordinary North Island wethers, 481 b. to 641 b., GJd.; North Island ewes, 48 lb to 641 b., 4Jd.; North Island ewes, 641 b. to 721 b., 4)d.; New Zealand prime ox beef, 1601 b. to 2201 b., 4 5-Bd. As compared with last week’s quotations, best lamb is l-Bd. lower, second quality id. higher, heavy wethers id. lower, light wethers and ewes unchanged. The spot market is weaker, particularly for heavy weights.

PRICES OF FAT STOCK FOR EXPORT.

The New Zealand Meat Producers’ Board advises that the following prices were offered for fat stock for export as at February 28: — Hawke’s Bay.—Prime woolly lambs: 36 lb. and under, 9d.; 371 b. to 421 b., 8?d.; 431 b. and over, Bd.; second quality lambs, Bd. Wellington.—Prime woolly lambs: 361 b. and under, fid.; 371 b. to 421 b., Bjd.: 431 b. and over, Bd.; second quality lambs, Bd. Canterbury.—Prime woolly lambs; 361 b, and under, (Rd.; 371 b. to 421 b., fid.; 431 b. and over, BJ<L;. second quality lambs, 8?d. Southland.—Prime woolly lambs: 361 b. and under, 9}d.; 371 b. to 421 b„ 8?d.; 431 b. and over. BJd. Second quality lambs; 36 lb. and under, 8ld.; over 361 b., 7Jd. BUTTER AND CHEESE DAIRY BOARD’S' REPORT. The New Zealand Dairy Produce Board has received the following market report from its London office, dated March 1:— Butter. New Zealand— 1/3/28. Last week. Salted IGBS./1725. 1705./1745. Unsaltod ■ 180s./182s. 1825./186s. Ist whey 1645. 1645. 2nd whey 1625. 1625. Deliveries N.Z. this week, 1850 tons. In store N.Z. this week 2850 tons. 811 l(JBs./170s. 170s|/1745. tlnsalted 1745./178s. 1785./182S. Argentine— Finest unsalted .. 1685./1725. 1765./178s. Dutch creamery— Unsalted 1985./2025. 2045./2065. Danish, 178 s. f.0.b., 1845./186S. spot, 101./ 1925. Demand slow. New Zealand retail price reduced to Is. 9d. Danish retail price reduced to Is. lOd. Cheese. (Last week’s quotations in parentheses.) New Zealand, white — (845./855.), coloured OOs./fils. (80s./BSs.). Deliveries New Zealand this week, 32,000 crates; in store New Zealand this week, 19,295 crates. Demand good after quiet opening. Retail price unchanged. Canadian.—White 1065,/112s. (108s./1125.), coloured 1065./110s. (10GS./1125.). Market steady. English.—Finest farmers, 1425./1445. (1425.). Port Wellington finished discharging cheese, February 22; finished discharging butter February 23. / Taranaki finished discharging butter February 22. Kent commenced discharge butter February 25, finished February 26; finished discharge cheese February 28. Rotorua commenced discharge ■ butter February 25, finished February 27. Finished discharge cheese February 26. Tamaroa commenced discharge cheese February 25, finished February 27; commenced discharge butter February 26. Port Hardy commenced discharge cheese Febtiary 26, finished February 27; commenced' discharge butter February 27. The board has also received the following adviee from its agents in Canada:—Butter' New York. 50 cents (2/1), Montreal, 42? cents (1/9 3-8). Butter stocks in Montreal, 38,000 boxes last year 68,500 boxes.

Messrs. Dalgety anil Company have received the following from London, dated Marcli I:—"Finest New Zealand butter, 168 s. to 1705.; New Zealand cheese, white anil coloured, 905.” The New Zealand Producers’ Co-opera-tive Marketing Association's weekly cabled market report from London, dated March 1, Is ns follows: — “Butter.—-Market slow. New Zealand finest, 170 s. to 1725.; first grade, 168 s. to 1705.; unsalted, 180 s. to 1825.; Australian, 1088. to 1705.; Argentine, 168 s. to 1725.; Danish, 184 s to 18ll». “Cheese.—Demand is good. New Zealand white and coloured, 90s. to 01s.; Canadian, white and coloured, 106 s. to HOs.” Mr. 1. Gray hns received the following cablegram from bls principal, Mr. A. C. Rowson, dated London. March I:—“Butter, 1695. to 1708., slow. Cheese, 80s. to 905., w teafly •’* Messrs. A. H. Turnbull and Co. are in receipt of a cablegram from Messrs. IV. IVcdilel and Co. Ltd., dated London, Marcli 1 reading as follows (the previous week's u’rlccs are in parentheses) :— 1 “Danish butter, 184 s. to 186 s. (191 s. to 192 s ) ’ N.Z. unsalteil, 1803. to 182 s. (182 s. to 1803.); N.Z. salted. 108 s. to 1725. (170 s. to 1745.). Market slow. “New Zealand eheese, white 90s. to 91s. (84s to 855.). coloured 90s. to 91s. (Sils, to 883.)'; market steady. Canadlnn clieeHo. white 106 s. to 112 s. (106 s. to 110 s,), coloured 106 s. to 110 s. (106 s. to 110 s.); market •iMdir.”

ROYAL SHOW LAMBS DISPLAY AND JUDGING IN LONDON. By the last English mail the New Zealand Meat Producers’ Board received a renort from its London manager regarding the display and judging on Smithfield Market of the lambs from the fifth Royal Show held at Palmerston North in October last. „ , , The board offers annually special prizes at the Royal Agricultural Show for fat lambs most suitable for the Dominion s export trade and the type most desired to keep up its reputation on the London market. The lambs are judged alive on the show ground and prizes are awarded by the Meat Board for the best pens. All the lambs entered in this class are then killed and shipped Home tc. the board’s London manager, who arranges a special display of them on the Smithfield Market. The quality of the carcasses is judged by three fudges appointed by the Imported Meat Trade Association, Incorporated. Further prizes for the best lot of three carcasses as judged on Smithfield are also awarded by the board. . , This year the winning pens were as folI<Z Judged Alive on Show Ground.—Lot No. 723 L. B. 'Wall, £l5. 1; lot No. 728, R. M. Collis, £lO, 2; lot No. 731, H. R. Green, Award on Smithfield Market.—Lot No. 781, H. R. Green, £l5; lot No. 722, L. B. wall, £lO, 2; lot No. 723, L. B. Wall, £5, 3. The boajd’s London manager reports that the 72 lambs entered in this class arrived Homo in excellent order and were displayed on the Stall of Messrs. Hayes, Paine, and Knowlden, Smithfield Market, on January 15, and made a very fine show on the mar ket, which attracted an enormous amount of attention from hundreds of retailers and from all tile market stallholders. The whole exhibit was purchased by Messrs. Harrods, a large West End store, and a further display was arranged for in their shop. The report of the three judges appointed by the Imported Meat Trade Association, Incorporated—Messrs. J. I. Hamilton, D. Messent, and M. Klngswell—is as follows:— “One could not wish for a better display of lambs. Every carcass bore evidence of a desire to meet the wants of the Home trade. The condition and symmetry of form called forth unstinted praise from the large number of traders, wholesale and retail, who viewed the exhibit. Our awards are as follow:—

"First prize, lot No. 731. For balance, conformation,' and flesh-carrying, this pen was Undoubtedly the premier lot. The three carcasses were equal In quality. The legs plump and short, With a good twist of meat, backs broad and level, fitting evenly into a pair of broad level shoulders. The disposition of external fat was uniform and the Internal fat not excessive. “Second prize, lot No. 722. A pen of very choice ewe lambs, excellent in quality, balance and conformation. The lack of that essential connective tissue on the legs of one carcass robbed the pen of premier position. “Third prize, lot No. 722. For symmetry Of form and balance, excellent. One carcass inclined to be fat.” CANTERBURY PRODUCE ‘REPORT By Telegraph.—Press Association. Christchurch, March 1. No change is reported in the wheat market. Occasional lines are being purchased by millers at ss. 7d. to ss. 74d. on trucks for Tuscan, and Hunters at 6s. A good deal of wheat is going into store. Fowl wheat is quoted at os. 7?d. on trucks for •prompt, and ss. Bd. forward, Oats are meeting with a weak demand. A Gartons are quoted at 3s. 3 Jd. to 3s. 4d., f.0.b., s.L, and for B’s 3s. Old. to 3s. Id. for spread delivery, equal to 2s. Bd. and 2s. sd. on trucks. Algerians are worth 2s. 3d. to 2s. 6d. on trucks. At the low prices farmers are not Offering freely. Chaff Is dull and has sold at £5 ss. f.0.b., s.l„ or about £3 10s. on trucks. Some good barley returns are being recorded, but growers outside those who contracted are not receiving a very satisfactory price. It ranges up to 3s. 9d. on trucks. Most of the contract barley was on a basis of 4s. 3d. to 4s. 6d. a bushel. Peas coming to hand are vfery indifferent quality. Grading yields ire also on the disappointing side. No crop was affected by the heavy rains early In the year. Values remain at ss. 3d. to ss. 6d. a bushel on trucks. There is no inquiry from Home, but the market there is reported to be firm.

Akaroa cocksfoot is selling at Bd., and id. more being paid for exceptional quality. Machine-dressed is quoted at 18. Ojd. Perennial and Italian ryegrass are unchanged, being quoted at 4s. 6d. and 3s. 6d. to 3e. 9d. respectively for farmers’ dressed. Potatoes retain the firmer tone mentioned in the mid-week, though values are not moving to any extent. Some business has been done for March-April at £5, f.0.b., 8.1., but sellers now want £5 2s. Gd. .Tuly-Septcmbors have been sold at £(>. A few inquiries have come from Auckland for March delivery. Values on trucks remain at £3 12s. 6d. to £3 158. Onions are inclined to be weak. The crop is earlier thia season, and generally is of an excellent quality. Main crop is quoted at £4 10s. to £4 15s.

POSITION AT DUNEDIN Dominion Special Service. Dunedin, March 1. There Is no alteration in the milling wheat market. For Tuscan offered from Canterbury ss. Bd,, sacks extra on trucks, is being asked, with 6s. for Hunters and 6s. (id. tor Velvet. Nearly all wheat controlled by pool is being stored, as millers are not prepared to pay prices asked. Threshing Is now increasing in the South Otago district. The Taler! wheat is of good quality, and yields are higher than for a number 6t years past. Given favourable weather for the next few weeks, most of the Talerl wheat should be ot good milling quality. In the Central Otago district threshing has been carried out for some time. Here again the quality is good, and yields above the average. Little fowl wheat is on offer, but there is sufficient to meet the demand. Merchants are working from hand to mouth in their purchases. Up to 6e. per bushel, sacks extra, for small lots is the ruling price. Apart from the forward position little interest is being displayed in the oat market. A number of sales have been recorded for forward delivery, but on the other hand there are operators who maintain that prices have now reached their bottom level. The forward sales referred to have been made on a basis of 3s. 4d„ f.0.b.5.1., for A’s, and 3s. Id. for B's for April to September delivery. So far as this district is concerned practically no oats are being offered. . Current values may be named at 2s. Bd., sacks extra country sidings, for A’s, and 2s. sd. for B’s. Small consignments of chuff nre reaching the market, but they suffice to meet the demand. Values remain unchanged at £5 15s. per-ton, sacks extra ex truck, for good quality, and £6 ex store. 'The potato market is lifeless. The turnover is small, with buyers working mostly from hand to mouth. Best quality is realising £5 10s. per ton, sacks included. The ryegrass market remains firm, but there is a variation in the ideas of values. Up to 4s. 3d. per bushel, sacks extra on trucks, has been paid for best quality. Growers are not offering dogstail as readily as was anticipated. Some merchants have had to advance buying prices, ' Apples are more plentiful. Choice quality sells readily, but poor fruit is hard to place. Pears are arriving freely from Otago Central. Many of the lines of Bon Chretians are over-ripe and have to be placed at low prices. Outside grown tomatoes are arriving from Christchurch and Otago Central. . Plums are in short supply. Nectarines have been plentiful and prices have eased. Peaches have also been in good supplv Outside grown cucumbers are offering at low rates. Peas are more plentiful and prices have dropped. Vegetable marrows are in over-supply. Pumpkins, on the Other hand, arc scarce and are selling at l?d. per lb. LIVE STOCK SALES PONGARQA. The W.F.C.A., Pahlatua, report on the Pongaroa sale as follows :-rA good yardinl*!:! sheep came forward, dur entry coinprising 3000. Buyers were present In good numbers, outside districts being well represented. Bidding was good throughout the sale, the whole of our entry being sold under the hammer, with the exception of two pens. E. H. Burling topped the market witli 54 four-tooth Romney ewe», which realised 355. Oil., O. F. Olsen's twoI noth ewes 335., C. Burling's four and sixtooth ewes 31s. lid., W. McLeod's threevear ewes 28s. Bd., D. F. Olsen's twoiooth wethers 265. 6d., A. McDonald’s sliorii wether lambs 20«. 10(1. Wo quote: Two-tooth wetliei'B, 245. (Id., 255. lid. to 2(lb. Od.: two-tootll eweß, 208. (id. to 335.; four and five-year ewes, 20s. 3d.. 20s. (Id.. 245. Id., 255, Bd. to 20s. Oil.; five-year ewes, 15s. Od.. 15s. Bd. to 255. 90.; b.f. lambs. 13s to 18s.; w.f. m.s. lambs, 10s 8il„ 145.. 14s. 7d., IBs. Id., to 17s. 4d.; cull lambs, Bs. Od.: Romney rams, £”, £2 10s.; 18oinnths steers. £7 10s* I

WELLINGTON STOCK EXCHANGE LAST WEEK’S BUSINESS AND PRICES Good business was done on the Stock Exchange last week, but the turnover was not so large as in some previous weeks. It is probable that there will be some slackening in business this month, for it generally happens that quietness prevails towards the end of the first quarter of the year, when several banks have to balance for the half-year or year. There was very little business done in Government securities or in municipal anfi other debentures. The 4? per cents, changed hands at £99 17s. 6d., the oi per cents. (1032) at £99, and the 5J per cents, at £lOl 12s. Gd. Auckland Harbour Board 5 per cents. (1035) sold at £9B, 5i per cents (1939) at £99 10s., New Zealand Farmers' Co-op. 64 per cents. (1939) at £9l, and New Zealand Breweries bonds at 265. 4d. and 2(is. sd. v , The turnover in bank shares was about the smallest for some time past. Business was done in Australian Bank of Commerce at 355. Gd., Bank of Australasia at £l5 16. Od., £l5 Is., and £l5, Commercial Bank at 295. Id. and 295., Bank ot New Zealand at 63s 9d., Bank of New Zealand D shares at 28s. 9d., National Bank of New Zealand at £7 us., Union Bank at £l5 Bs. 6d„ and National Bank of Australasia £lO paid at £l9 9s. and £l9 Bs. Gd, , Financial shares generally were in yery good demand during the week, but they seem to be firmlv held in anticipation of higher prices. New Zealand Guarantee Corporation ordinary shares sold freely at 9s. and Os. Id., Goldsbrough Mort at 52s 9d., 52e. Bd. and 525. Gd., and United Building at 16s. Bd. Insurance shares sell readily whenever they come on the market, and last week fair business was done in them, with sales of National Insurance at 16s. 3d., New ■Zealand Insurance at 475., Queensland Insurance at 68s. 6d., and Mercantile Mutual business was done in gas shares, which were in steady demand throughout the week. Sales were registered of " Auckland Gas at 245. 3d. and 245. 7d.. Christchurch Gas at 2(>s. 3d., .Napier Gas £lO paid at £lO 55., and Gisborne Gas at 10s. 3d. . Meat shares met with a slow demand, and very littlo business was done in them. New Zealand Refrigerating 20s paid Changed hands at 16s. 6d., the 16s. paid at 7s. 6d., and Wellington Meat Export at Moderate business was done in shipping shares, with sales of Huddart-Parker at 46s Od., P. and O. deferred stock at 645. Gd.." Devonport Steam Ferry at 245. IJd., and Northern Steam at 14s. 6d. Except for sales of Renown Collieries ordinary at 17s. 3d., and preference at 2s. lid., coal shares were neglected. Very good business was done In brewery shares, which keep very firm. Sales were recorded of New Zealand Breweries at 575. 9d., 575. 10d„ and 5887, Staples and Co. at 445.. Ward and Co. (in liquidation) at 345. 6d.. and Tooth’s Brewery at 555. There was a wide spread of business in the miscellaneous section, and it is obvious that Investors are concentrating some attention on this group, probably because the returns are so much better than from shares in many of the other sections. Sales were recorded of Sharland and Co. at 20s. 6d„ New Zealand Farmers’ Fertiliser at 20s. 6d„ Sanford, Ltd., at 18s., Australian Distilleries at 245. 9d„ Bcath and Co. at 30s. 3d., Dunlop Rubber at 28s. and 28s. 2d. Dominion Rubber at 355„ New Zealand Sugar of Milk at 235„ Colonial Sugar at £6O, and Victoria Nyanza Sugar at 425.; New Zealand Paper Mills at 18s. 3d., British Tobacco at 48s. 9d.. Farmers’ Trading B preference at 13s„ Fullers' Pictures at 20s. 6d., Hayward’s Pictures at 20s. 7d„ Wilson’s Cement at 395. 9d„ 415., and 40s. od.; Taranaki Oil at 4s. 6d.. 4s. 9d.. and ss. 3d.. Blenheim Oil at 605., and Mount Lyell at 435. 4d., 435. 5d., 435. 9d.. and 445. . » ’ Saturday’s buying and selling quota-

SALES IN OTHER CENTRES By Telegraph,—Press Association. Auckland, March 3. Sales. —Hikurangi Coal (prof.), os, 6d.; Pukemiro Collieries, 675. Od.; Renown Collieries, 17s. 3d.: Australian Iron and Steel (pref.), 70s. lOd.; Milne and Choyce debenture stock, 20s. Od. • Dunedin. March 2. Sales Reported.—Dominion Rubber 3lis.; Mount Lyell, 445.: New Zealand Refrigerating (con.), 7s. lid. , , Sale.—Electrolytic (def. ord.), 3os. 6d. CUSTOMS REVENUE. The Customs revenue collected at the port of Wellington yesterday totalled £19,482. , T. FOREIGN ITEMS THE RAW .MATERIALS MARKET. . Australian Press Association. (Rec. March 3. 5.5 p.m.) London, March 2. Cotton.—Liverpool quotation for American middling upland cotton, March delivcry. 10.55 d. per lb. Rubber.-—Fine hard Para, 13Ad. per lb. , plantation first latex crepe and smoKCd ribbed sheet, 12 7-Bd. jute.—March-April shipment, J-Ju per ton. „ . . New Zealand Hemp.—None offering. Copra—March-April shipment, £22 10s. Pe Llnseed oil, £3O 10s. per ton. Turpentine, 455. Oil. per cwt. Osiniridluin. —Tasmanian, £'27; South African, £22. PRICES OF METALS. (Rec. March 1. 9.43 p.m.) London, February 28. Copper.—Standard, on spot, £Bl 13s. lid. ncr ton; forward delivery, £B3 13s. lid., electrolytic, spot, £BB 108.; forward, £B9 10s.* wire bars, £B9 10s. Lead.-Spot or forward. £23 Its. Od. Spelter.—Spot or forward, £26 7s. Gd Tin.—Spot, £220 6s. 3d.; forward, £222 13 Silver.—Standard, 26 l-Bd. per ounce; fine, 28 3-16 d.

tions'were as under: — Buyers. Sellers. N.Z. GOVT. LOANS— £ s. d. .-£ s. d. 51 n.c. Ins. Stk., 1933 101 12 6 5* n.c. ditto. 1030 ... 101 5 0 —- 41 p.e. Bonds. 1938 .. 99 17 6 100 2 6 4( n.c. ditto. 1930 .... — 99 10 0 51 p.C. ditto, 1933 ... 101 5 0 —• 51 n.c. ditto. 1936 ... 101 7 6 5i p.e. ditto, 1930 ... 99 10 0 DEBENTURES— Wellington Gas Co. . 100 0 0 Well. Racing Club .. 106 10 0 — N.Z. Breweries (bonds) 16 3 17 0 BANKS— 15 0 0 15 2 6 Australian Bank of 1 15 4 ■ ■. Commercial of Aust. 1 8 11 19 3 National of Australasia (£5) 9 12 0 9 14 0 New Zealand -— 3 3 6 Ditto, long-term inortg. 18 6 —• FINANCIAL— N.Z. Guarantee Corp. ford 1 ............ 0 9 1 0 9 6 Ditto (pref.) 116 —. N.Z. Loan and Mercantile (ord.) 12G10 0 Well. Invest., T. & A. 0 10 9 Well. Deposit* MOrtg. 0 10 3 0 10 6 GAS— Auckland (paid) 14 3 — Ditto (contrib.) 0 17 9 —— Christchurch 15 7 — Wellington (ord.) ... 1 11 0 INSURANCE— 0 16 1 0 16 4 South British 3 4 9 — MEAT PRESERVING— ■■ ■■ 2 4 3 N.Z. Refrigerat. (10s.) 0 7 7 0 7 9 well. Meat E.-tp. (ord.) 0 12 0 — TRANSPORT— Huddart, Parker (ord.) —■ 2 7 0 Union Steam (pref.).. 10 5 — Kelburne Tram (ord. and pref.) 15 3 — WOOLLEN— COAL— 1 _ - 1 13 0 TIMBER— Leyland-O’Brien .... 1 14 6 BREWERIES—New Zealand 2 17 9 2 18 3 MISCELLANEOUS— C. M. Banks (pref.) . — 0 17 9 British Tobacco (Aust.) • (ord ) — 2 9 3 Burns, ‘ Philp (South Sea) 1 10 0 — Dental and Medical .. 0 10 0 — Dominion Investments 12 6 D.I.C, (ord., prem.) .. 0 10 6 — Ditto (pref.) . Electrolytic Zinc (ord.) 10 9 1 15 3 — Ditto (pref.) 1 lb 3 —- Farmers’ Auction (ord.) 2 18 0 Holden’s Motor Bldrs. 18 8 19 3 Newton King (pref.).. 0 8 6 N.Z. Paper Mills .... — 0 19 3 Sliarland and Co. (ord. and pref.) 10 0 — Taranaki OU 0 4 9 —— Wairarapa Farmers' 0 13 9 .... Well. Queen’s Theatre 13 0 -— Wilson’s Cement .... 2 0 3 2 0 9 17 9 ■ - — Blenheim oilwcli .... 2 5 0 5 0 0