FINANCE AND COMMERCE.

Dominion, Volume 23, Issue 54, 27 November 1929, Page 14

FINANCE AND COMMERCE.

STOCKS AND SHARES

WELLINGTON EXCHANGE A DULL MARKET i•' The Wellington share market was again slow, with few buying orders yesterday. : Only one sale was reported of New Zea- • land Breweries, and that sale was made late on Monday afternoon. Government - securities have practically ceased to be in /demand, although there was some inquiry forithem at the morning call. Wellington ■ Gas debentures were wanted at par, and New Zealand Breweries bonds at 28/2 .showed an advance of 2d. on the previous . day’s bid. -Wellington Racing Club de- , bentures wore unchanged at £lO7. : Bank shares were much neglected. There was a bid of £l7/12/- cum. dividend for National Bank of Australsia, £lO paid, while last week they changed hands at £lB. Bank of New Zealand Long Term were steady at 28/2. Sellers of Commonwealth Bank of Australia reduced their price by >2d. to 27/6, but sellers of other shares ‘made no changes in l their quotations. Financial shares were, slow, and the only buying order, recorded was for Welling.ton DepOsifand Mortgage at 10/-, Goldsboroqgh Mort, and Co. were on sale at IAI/3, a reduction of 9d. Rights to the new ■issue of Goldsborotigh Mort, and Co. were on sale at 8/3. Insurance was another ■' quiet line. The only buying quotation was ’ for South British Insurance at 64/-. Gas shares came in for a little attention yesterday. There was a bid of 26/3 for. the fully paid Christchurch Gas, and 12/10 for the Contributing shares. Wellington Gas Preference at 18/4 were up 4d. There was very little business offering in the other sections. Canterbury Frozen Meat were steady at £B. New Zealand Breweries were unchanged at 87/6 cum. dividend. Hume Pipe (Aust.) have not been quoted for some time, but yesterday there was a bid of 17/- for them. New Zealand Drug were in demand at 73/6, but sellers held . out f0r.75/-. . Wairarapa Farmers’ ordinarily are steadily improving, and at 3/2 show an advance of Id.. They have risen from 2/9 to their present level. • Mount Lyall at 42/3 were 3d. easier. YESTERDAY’S QUOTATIONS Buyins: and selling quotations at the final call on the - Wellington Stock Ex-

DIVIDEND LIST • ' Company., Percent. Period Payable Natloiial Bank of Australasia' '....■ 5 Half-year To-day Leyland - O’Brien . Timber 4 1-6 Half-year To-day ' N.Z. Paper Mills '. .3} Half-year Nov. 29 Australian, Glass . 5 Half-year Dec. T P. and' O. def. stk. 7 Half-year Dec. Henry Jones Co-op. 61 Half-year Dec. 2 • N.Z. Breweries .... 7} Half-year Dec. 2 N.Z.' Loan and Mer-’ ' ■ 1 ■ can tile,:‘i'.’./.;?.. 5 Half-year Dec. 6 Kauri Timber ... 3 Half-year Dec. 13 Mount ■Lyell 13| Half-year Dec. 18 METALS MARKET LONDON QUOTATIONS , Xondon, November 25. Metal exchange quotations are as follow, those previously cabled being given for purposes of comparison:— . s-. Nov. 21. Nov. 25.

I' — HORSES FOR. INDIA - Sydney, Novembr 26. During, the past ; three months nearly ROOD horses have been purchased Australia for shipment t<f India, apart from 300 polo ponies; ~ ■).... ’ AUCTION SALES TO-DAY. ' : ; 98 Manners Street, 2 p.m.—Sale.of furniture, etc. (Ramgey Wilson and Co.) Johnsonville, 1 p.m.—Fat stock sale. Duigan and Co.’s Rooms, Wanganui, 2 p.m.—Sale of property, Gordon Park (W.S. and Co., Ltd.) State Fire Office, 2.30 p.m.—Sale of lease Education Reserve (Commissioner Crown Lands). Vogel Street, Woodville, noon.—Sale of land (J. L. Bennett, Ltd.) McKenna’s, Lambton Quay.—Sale of antiques. 8 Willeston Street, 1.30 p.m.—Sale of . carpets (E. Johnston and Co.) TO-MORROW. Dunedin, noon.—Sale of shop properties (Park Reynolds). 116 Victoria Street, Hamilton.—Sale of freehold property (T, Mandeno Jackson). Waikanae. —Stock sale. 9 and 11 Bond Street, 1 p.m.—Sale of furniture (E. Johnston and Co.) Martinborough.—Stock sale. FRIDAY. Feilding, 2.30 p.m.—-Sale of seaside residence, Motuhara Road Extension (R. P. Stevens). 30 Homewood Road, Karon, 1 p.m.— Sale of furniture (E. Johnston and ’ Co.)

DEAUNGS ON ’CHANGE

YESTERDAY’S BUSINESS DOMINION SALES The following sales were reported on the Stock Exchanges of the Dominion yes-

BUSINESS AMALGAMATION WINSTONE LTD. AND W. A. CHOTE LTD. It is announced that Wiustoue', Ltd., of Auckland and Wellington, have purchased the business of the well-known Wellington firm of W. A. Cliote, L(d. The amalgamation of these two important business interests-will take effect as from December 2, from which date they will be carried on under the style of Winstoue, Ltd., incorporating W. A. Cliote, Ltd. Mr. W. A. Chote has acquired an interest in \vinstoiie, Ltd., and will take a seat ou the board as a Wellington director. The firm of Winstone, Ltd., was founded at Auckland ou March 11, 1864, by the late Mr William Winstone, who in 1869 was joined by his younger brother, -Mr. George Winstone. The partnership was carried on under the name of W.' and G. Winstone until 1904, when the business was converted into a limited liability company known as Winstone, Limited. The Wellington branch of the firm was opened m 1919 by Mr. H. Easterbrook Smith, the present manager. , The business of W. A. Chote, Ltu., was started in 1890 by Mr. Chote on a site in Mercer Street now occupied by the Dominion” building. It was afterwards moved to Parish Street, and, later, to its present location fronting Ghuznee, Taranaki and Egmont Streets. ’The advantages of the amalgamation are apparent, as the respective businesses have been run on more or less parallel lines, dealing In similar materials. The new order will effect numerous economies, and at the same .ime make for greater efficiency and better service. The whole of the present staffs will be retained by the combination.

LIVE STOCK MARKET WAIPUKURAU SALE Dominion Special Service. ■ Walpukurau, November 26. The weekly Walpukurau stock sale was held to-day in the presence of a good attendance of buyers. A moderately large entry of cattle included only a few lines of fat beef and also stores, for which the demand was quiet at steady prices. There was a smaller entry of fat sheep ■ than usual, and little demand, but a greater number of stores, all pens being quitted at good prices. The following prices were realised: — ■ Fat Cattle —Prime Hereford bullock, £l4 7/6; Jersey-Ayrshire cross cow, £6; Shorthorn heifer, £7/15/-; Shorthorn bullock, medium weight, £l2/5/-; Jersey bullock, big-framed, £lO/5/-; three Hereford yearlings vealers, good quality, £7/1/-; Friesian cross heifer, £7/2/-; Friesiancross heifers, £8; prime Jersey cow, £7 10/-; Hereford heifers, £ll/7/6; three Hereford-Shorthorn-cross cows, medium. £B/10/-; Shorthorn heifer, medium, £9 15/-; five prime P.A. heifers, £lO/10/eight prime P.A. cows, passed, £lO/2/-; also prime Hereford bullock, £9. Store Cattle —32 P.A. heifers, good line, £B/15/-: three young Hereford cows, one heifer, £7/7/6; six Polled heifers, £B/10/-: Shorthorn steer - and heifer, light, £6 17/-; two. empty Hereford cows, £7/5/-; four mixed weaner steers, passed, 30/-; also 55 Hereford heifers, £7/15/-. Dairy Cattle—Springing Jersey heifer, good condition, £6; springing Shorthorncross . heifer, ditto, £7; Ayrshire cow, guaranteed, £B/5/-; young Jersey bull, £5/12/6: yearling ditto, passed, £2/10/-. Fat Sheep—4 and 6-tooth ewes, shorn, and 2 wethers. 19/3; 6 fat woolly ewes, passed, 22/-; also. 18 shorn ewes, 17/9. .Store Sheep—3ls 2-tooth wethers, early shorn, sold at 23/-; 293 2-tootli early shorn ewes, 23/-; 558 2-tooth wethers, medium, 20/6; 118 m.s. 2-tooths. light, 15/-; 65 2-tooth wethers, medium, early shorn, 21/-; 39 2-tooth wethers. 21/-; 8 woolly ewes and lambs, 35/6 : 200 2-tooth wethers, light, passed, 17/6. . HATUMA FARM VALUE Dominion Special Service Walpukurau, November 26. At the close of to-day’s stock sale, a property of 584 acres, in the estate of the late Thomas Burnett, Hatuma, was offered tor sale by auction, and was passed in at £l5 per acre. LINSEED OIL MARKET In consequence of reports of severe drought conditions in the Argentine, the price of linseed oil advanced rapidly in September until quotations in the London market reached the high figure of £47 a ton, and the prices of linseed oil and paints in Australia were increased substantially. The market has eased slowly in the last month, but prices are still high at £44/10/a ton, London, Recent reports from London indicate that the loss of linseed through the Argentine drought may not lie so heavy as was expected, owing to the relief given by general rain late in September. A’yield of 1,500,000 tons of linseed has been estimated by some authorities, and that amount indicates a crop only slightly below normal. The quantity of linseed remaining in the Argentine from tlie 1928-29 crop is reported to be small. The linn market in September was also due to American demand for linseed, as the crops of both Canada and the United States suffered heavy loss through drought in tiie spring months. It is estimated .that I the crop of tlie United States will be 40,000 tons less than that of last year. The losses In the United States caused a good deal of speculative buying, and that has been the i main ‘‘bull” feature oft the market recently. I Since the losses in the Argentine have been greatly discounted, the market has been upheld by the shortage of supplies on spot, | but when the new crop is available some reaction may be expected. WHEAT MARKET (Rec. November 26, 7.30 p.m.) London, November 25. Wheat. —In cargoes, sellers were influenced by better week-end advices from America, and unfavourable Argentine crop reports, and raised prices 6d. .to 9d., but there was a total absence of demand. ParI eels moved slowly at similar advances. Futures: London. November, 47/9 per quarter: December, 48/1; January. 48/7; March, 50/2; Liverpool, December, 8/OJ per cental; Mareh, 9/<H> Map,

GRAIN AND PRODUCE

AUCKLAND MARKET . NEW POTATOES PLENTIFUL Dominion Special Service. Auckland, November 26. Old potatoes are still on sale in the shops, and merchants have various quantities on hand, but there is no fresh buying of southern, which have a nominal value of £9 per ton for best quality picked over. New season’s now have a virtual monopoly of the market, with ample supplies for the city coming from small holders in the suburban districts. Xhese are selling at 11/- to 12/- per cwt, ex store. The Pukekohe crop is yielding wonderfully well at the present time, and now that the price has dropped to £9 per ton for. wellgraded lines, there is a keen demand tor all available quantities from all the chief centres as far south as Dunedin. Next season’s southern potatoes are now being offered for April-May-June delivery at £5/5/- per ton t’.o.b. Lyttelton. The market Is over-supplied with . imported onious. apd some of the merchants will find it difficult to quit their stocks without loss. It does not look as though Victorian onions Will get a look-in at the local market this season, as PUkekohe will be ready before present stocks are cleared. Reports from that prolific district are to tlie effect that the crop promises remarkably well. The market for fowl wheat keeps steady at 7/10 per bushel, and maize is readily obtainable at 6/4 to 6/6. B Garton oats still command 4/9 per bushel ex store, aud chaff is very firm at £ll/10/- per ton. There is no change .in the quotations for pollard and bran, and supplies are being fairly well maintained. Wholesale current prices are: — Pollard and Brair. —Mill prices, pollard, £9/10/- per ton; bran, £8 per ton; merchants' quotations, ex store, southern, £lO/10/-; Australian pollard, £11; bran, £9 to £lO. Oats.—Feed B Gartons, 4/9 per bushel; A Gartons,-4/11; clipped Dunns. 6/6; clipped Algerians, 6/-: clipped Gartons, 5/3. Fpwl Wheat., 7/10 per bushel. Maize, 6/4 to 6/6 per bushel. Barley,—Feed, 5/6 per bushel; seed, Cape barley, 6/6 per bushel. Maizemeal, 14/- to 14/6 per 1001 b. Chaff.—Good bright oaten sheaf, £ll/10/per ton, Blenheim or Canterbury; Tasmanian, £9/15/-. Potatoes. —New season's. 11/- to 12/- per cwt., ex store; Pukekohe, on trucks, £9 per ton. Onions.—California and Canadian, la/to 16/- a bag; 17/- to 18/- a crate.

CANTERBURY CROPS SHORT BENEFIT FROM RAIN By Telegraph.—Press Association. Christchurch, November 26. There is practically no change to record since the week-end market report. There has been quite a fair inquiry for small lots of Garton oats and A’s have been sold at 3/8%, B’s at 3/7% per bushel. There are not many about and the early crops are far from promising, ■ many well in ear are very short and “spindly,” and will yield poorly. However, the splendid rain that is falling will rejuvenate the later crops. An improvement will also result to the small seed crops as a result of the rain. Cocksfoot on Banks Peninsula got a good send-off by the winter rains, but the dearth of moisture in the spring has affected the crops. There is a smaller area closed up and the yield is likely to be considerably less. The wheat market is very quiet but some of the uneasiness about next season’s yield has been allayed by the tain. North Canterbury, however, is unlikely to produce anything like last season’s average yield, and the lighter land towards the Rakaia River is also certain to be down in the weight of crops. Most of the other parts of the province have been receiving useful showers and the decrease in yield In these parts will not be so pronounced. Values for all classes of grain and seeds are as reported at the week-end.

FROZEN MEAT TRADE SEASON’S EXPORTS AND KILLINGS According to the returns Issued by the New Zealand Meat Producers’ Board the exports of frozen meat from the Dominion from the beginning of the season, October 1, to November 15, were as follow, the shipments for the corresponding period of last year being shown In the second part of the table:—

SOUTH AMERICAN SHIPMENTS The New Zealand Meat Producers’ Board has received a cable from its representative at Buenos Aires, Sotitli America, advising the following shipments to the United Kingdom for the fortnight ended November 21, from Argentine and Uruguay (the figures do not include exports from Patagonia, Chile or Brazil): —159,150 quarters elillled beef, 4150 quarters frozen beef, 81,561 carcasses frozen mutton, 200,446 carcasses frozen lamb. The quantity shipped to the Continent of Europe (luring tlie same period was as f0110w559,435 quarters frozen beef, 8269 careasses frozen mutton, 1260 carcasses frozen lamb.

DAIRY PRODUCE

LONDON MARKET QUIET

Messrs. Joseph Nathan and Co.. Ltd., have received the following cablegram from Messrs. Trengrouse and Nathan, Ltd., London, dated November 25:—New Zealand butter, 173/- per cwt.; butter market weak New Zealand cheese, white 96/- per cwt.,'coloured 93/-: market quiet. Amalgamated Dairies, Ltd., on Monday received the following market report from their Lond(«i officeßutter: Our prices unchanged; Anchor, 176/-: market steady but quiet, buyers still adopting cautious policy: anticipate more trade next week; Danish. 190/- spot. 185/- f.0.b.; de ivories New Zealand, 1461 tons; stock. 4.124 tons; retails unchanged. Cheese: Our prices unchanged (white 96/- coloured ™ r / ket quietly steady; Canadian, 96/- to 98/npot; ratail unflhaagod.

WOOL MARKET AUCKLAND PRICES WELLINGTON AGAIN NEXT WEEK Following the. Auckland sale on Monday, buyers will next turn their attention to the South Island, where the first sale will be held at Christchurch ou Saturd!Tlje range of prices at the first Wellington aud Auckland sales compare as

At Auckland on Monday night there were a few lots of extra super halfbred wools showing great yield, which brought from 164 d. to 19d., this being top price for the season to date. The usual buyers for this class of wool dropped out at 144 d to 15d., and two buyers carried on to higher figures. The lots eventually fell to a Russian, who had to have the wool at all costs: NEXT WEEK’S WELLINGTON OFFERING. The next Wellington wool sale will be held on Friday of next week, and judging by the way wool has been coming in from the country during the past few days the offerings will be fully equal to 27,009 bales, which is the limit fixed by the Wool Committee. At all events the quantity to be offered if not up to the limit will be much in excess of the offering at the’ corresponding sale last year when 25,983 bales were submitted. This sale will be the first real test of the position of crossbred wool, for It Is a well-known fact that the clips offered in Wellington are generally well classed and well got up. Although there was a fairly large offering at Auckland on Monday much of it was not classed, all grades being mixed. So far the chief support has beeu given by the Continent, principally Germany, and by the Tasmanian mills, and Bradford, France, and America have bought comparatively little. At the Wellington sale Bradford should be in the limelight, for the offerings should suit her requirements. But Bradford may be playing a waiting game, waiting for prices to fall. If that is so, Bradford may suffer a disappointment. Those who have followed the Sydney wool sales will have noted that prices have improved, and especially since the offerings have been curtailed. In October greasy merino fleece wool sold at 174 d. to 20}d., but this month prices have advanced greatly. On November 13 this class of wool made 24Jd„ aud on November 19 as much as 281 d. It would seem that merino wool is recovering, and that should help crossbred wool. - LONDON WOOL SALES COMPETITION GOOD ’ London, November 26. Catalogues offered at the wool sales today aggregated 10,967 bales, including 3224 New Zealand. There was a moderate offering of greasy merinos suitable for ail sections of the trade, and a plentiful supply of scoureds, including a fair lot of New Zealand, mostly merinos. Halfbrcds were a steady market, prices unchanged. Greasy crossbreds sold: Castle Hill, 131 d. to 13}d. Merino, Mesopotamia, 15}d. to 14Jd, Bradford tops market is slow, and quotations are slightly easier all round. Messrs. Murray, Roberts, and Co., Ltd., are in receipt of the following wool market cablegram from their London agents, date November 25:—Sales continue with a good tone; conipetitiou good and general. Sllpo fine and medium crossbred, market shows a hardening tendency. Messrs. Levin and Co., Ltd., have received the following cablegram from their London agents, dated November 25: The market shows a hardening tendency all round. Competition is good, especially .from the Coutiuent. As at present arranged, the sales will close on December 5. The following prices are current:— Merino, super 15d. to 18d., average 13jd. to 141 d. per lb. Fine halfbred, super 56/58’s 16Jd. to 17jd„ average 15d. to 15}d. per lb. Medium halfbred, super 50/56’s, 15d. to 15}d., average 14ld. to 15jd. per lb. Coarse halfbred, super 4S/50's 14}d. to 15d., average 14d. to 144 d. per lb. Fine crossbred, super 46/48’s 14d. to 141 d., average 13jd. to 14}d. per lb. Medium crossbred, super 44/46’s 14d. to 144(1., average 13Jd. to 14d. per lb. Coarse lialfbred, super 40/44’s 13Jd. to 14d„ average 13d. to 134 d. per lb. Low crossbred, super 36/40’s 13d. to 134(1., average 124 d. to 13(1. per lb. Pieces, 10(1. to 12R1. per lb. Bellies, 10(1. to 12(1. per lb. Locks, 64d. to 7}d. per lb. SYDNEY WOOL SALES GOOD CROSSBRED INDEMAND (Rec. November 26, 9.30 p.m.) Sydney, November 26. At the wool sales to-day 10,113 bales were sold. There was good general competition and a strong Inquiry for comebacks and crossbreds showing style. Greasy Merino brought 26id. U.S. WOOL TARIFF According to a cable message, the United States Senate by a vote of 44 to 2(1 lias adopted a duty of 34 cents per lb. on raw wool, which is the rate approved by the House of Representatives, and four cents, above the present rate. A duty of 34 cents (17d. per lb.) is practically the value of tlie super-crossbred wool that, brokers describe and refer to as “American style" wool, and when to tlie duty is added freight, insurance, exchange, etc., the cost to the American manufacturer will be practically prohibitive. American buying lias not been a conspicuous feature of the wool sales in New Zealand, but recently increased American competition for the finer qualities of merino wool has been noted in Australia.

This year there lias been an Increase in the consumption of wool in tlie United States, the figures for seven months ending July being 297,000,0001 b., an Increase of 15 per cent, compared with the same months of 1928. Imported wools showed the greatest gain in consumption, the quantity used In the period mentioned showing a rise of 50 per cent., on the previous year. The liner wools ranging from 64’s to 80’s quality displayed the greatest rise. It is thought that the more moderate cost of fine wool is encouraging manufacturers to tempt the wealthier womenfolk of America to wear lightweight, high-class woollen fabrics in place of the silk they have favoured for some time.

chance yesterday were as follow: — Buyers. Sellers. N.Z. GOVT. LOANS— £ s. d. £ s. d. 5i p.c. Ins. Stk., 19-11 100 0 0 —— DEBENTVBESWellington Gas Co. . 100 0 0 •— Well. Racing Club .. 107 0 0 KM N.Z. Breweries (inscr. 18 6 Ditto- (bonds) 18 2 18 9 BANKS— km/ 13 15 0 Australian Bank of - 1 11 6 17 6 National of Australasia (£10) *17 12 0 Ditto (£5) . ♦8 19 0 New South Wales ... —— 48 5 0 - 3 0 9 o Ditto (long term) ... 18 2 Union of Australia .. —— 14 10 0 FINANCIAL— » Abraham and Williams - 4 10 0 Goldsbrough Mort .. — J2 1 3 Ditto (rights) — 0 8 3 Well. Deposit & Mortg. . 0 10 0 —— GAS— Christchurch 1 G 3 — Ditto (contr.) 0 12 10 1 Wellington (ord.) ... 1 13 0 Ditto (pref.) 0 18 4 — INSURANCE—' —— 0 15 10 South British 3 4 0 MEAT PRESERVING— Gear 2 4 0 Canterbury Frozen ■8 0 0 .. N.Z. Refrigerat. (£1) 0 13 0 Ditto (10s.) t ■ - 0 5 10 TRANSPORT— P. and 0. def. stock.. — •2 16 0 WOOLLEN— Kaiapol (ord.) — 0 13 3 Wellington (ord.) ... — ■ 6 11 0 Ditto (pref.) —- 6 12 6 COAL- ■ r fl 12 6 - • 0 15 0 ’ TIMBER— V ■ Levland-O’Brien .... •— •1 10 0 . BREWERIES— . New Zealand 4 7 8 •4 8 3 Staples and Co — 2 13 9 MISCELLANEOUS*— 0 17 0 ■ Electro. Zinc (pref.) . 1 15 6 Kirkcaldie and-Stains (pref.) .. * - 10 0 N.Z. Drug 3 13 G 3 15 0 Wairarapa Farmers’ 0 3 2 Wilson’s Cement .... (2 2 3 MINING— • Mount Lyell . *2 2 3 Waihi • - - 0 12 8 ' *Cuih.‘ dividend. tEx dividend. JEx rights.

Copper— Per ton. Per ton. £•• s. d. £ s. d Standard, spot ... 70 0 (1 7’2 0 0 Standard, forward GO 10 0 70 18 9 Electrolytic 81 10 0 83 0 0 to 83 10 0 8. I 0 0 Wire bars 83 10 0 84 0 0 Lead— Spot 20 17 6 21 8 9 Forward 21 2 6 21 10 0 Spelter— Spot 20 1 20 7 B Forward,;-; ........ 20 10 0 20 17 6 Tin— .. ' ' Spot 184 2 6 190 3 9 Forward 186 12 6 192 10 0 SilverFine, per oz . Standard, per oz. . . 22?d. 22: 11-lGd. . 24 9-lGd. 24Jd.

terclay:— WELLINGTON £ s. d. New Zealand Breweries ..... 4 8 0 AUCKLAND. £ 8. d. Bank of New South Wales ney register) (Syd 47 15 0 South British Insurance ... 3 4 6 Dominion Investment and Banking Assn. . 1 0 6 Dalgety and Co., Ltd. ••••• 13 12 0 Auckland Gas 1 1 National Timber 0 8 4 British Tobacco •••••••••••• 2 4 0 4 i Wilson's Cement, cum. div. (late snip Monday) ......... 9 0 12 10 pjtfn 0 12 11 Mount Lyell - 6 C1IKISTCHUBCH. £ i 3. ' d. N.Z. Breweries’ bonds 1 8 3 Commercial Bank of Australia National Bank of Australasia, 1 7 3 17 13 0 Union Bank of Australia .. 14 3 6 Goldsbrough Mort "rights” (3) 0 7 : 10 N.Z. Guarantee Corporation 0 8 7 13 1 !0 0 2 4 0 Sales reported National Bank of Australasia, 8 1 LG 3 Bank of* New South Wales 48 0 0 DUNEDIN . • £ t i. d. 3 Goldsbrough Mort “rights” 0 7 6 N.Z. Govt. 4A p.e. Instr. btocK, 1038 ........ ...»• 2 6 Sales reported:— 0 7 Kildare (2) ................ 0 1 6

Beef Mutton Lamb Pork Qrs. C/cs. C/cs. C/cs. London 1,480 107,451 •118,000 12,041 Southampton . — 500 4,251 — W. Coast U.K. 292 6,700 14,627 526 I ■ 11 ■■ ■ ■ — —- 1 1,772 114,651 137,478 12,567 London 1,915 88,344 111,040 15,593 W. Coast U.K. 117 2,000 2,754 2,140 Halifax .... 704 — — —— Now York ... 5,729 — — ’ — Vancouver .. 800 — ■ — 9,265 90,344 113,794 17,733 There were also shipped 3384 bags of boneless beef, compared with 9122 bags during the period October 1-November 13, 1028. ' Killings and Stocks. The killings of stock for export at all works from October 1 to November lo, 1929, compare as follow with those for the corresponding period of last year 1929 1928 Wether mutton (c/cs.) 23,751 23,467 Beef (yrs.) '377 Ewe mutton (c/cs.) ... 3,297 4,608 Lamb (c/cs.) 26,301 32,162 Pork (porkers) (e/cs.) . 11,666 11,609 Pork (baconers) (c/cs.) 2,994 4,733 Boneless beef (frt. c/cs.) 10,031 7,657 Sundries' (frt. c/cs.) .. 24,392 19,527 The stocks of frozen meat on hand in stores in New Zealand as at November 15 compare as follow with those at the corresponding date of last year:— 15/11/29 15/11/28 Beef (qrs.) 2,196 14,129 Wether mutton (c/cs.) 11,942 8,376 Ewe mutton (c/cs.). ...,10,460 23,111 Lamb, (c/cs.) 13,836 • 24,273 Pork (porkers, c/cs.) .. 6,065 8,492 Pork (baconers, c/cs.) . 3,926 6, i33 Boneless beef (frt. c/ds.) 8,326 9,013 Sundries (frt. c/cs.) ... 29,458 41,573 The stocks of frozen meat loaded into steamers not departed from New Zealaud compare as follow:— 15/11/20 15/11/28 271 Wether mutton (c/cs.) . 6,74< 14,629 Ewe mutton (c/cs.) ... 12,499 15,679 Lamb (c/cs.) • a,-199 17,672 Pork (porkers, c/cs.) .. 2,983 2,579 Pork (baconers, c/cs.) . 121 1,005

follows: — Wellington. Nov. 14. Auckland. Nov. : Merino— (1. d. d. d. Super 14 to 14} —— Average 11 to 14 — Fine lialfbred — Average 11} to 13 — Medium lialfbreil— Medium halfbred14} Super 13} to 14 to 15} Average 11* to 13 12 to 13* Coarse halfbred — 12} 11 13} 12 Super Average — to to Inferior —— 9} to 10} Extra line crossbred— Super ........ 13 to 14 — Average Hi to 12} — Inferior 10i to 11 i —— Fine crossbred — to 14} 124 Super 13 to 131 Average Hi to 13 10} to 12 Inferior 9i to 11 9 to 10} Medium crossbred122 12 11} Super 12} to to 124 Average 11 to 101 to 114 Inferior 9} to 11 8} to 10 Coarse crossbred — Super 12 to 13} 11 to 12 Average 10 i to 11 i .9} to 10J Inferior to 0} 8 to 9} Low crossbred — 10} Average —— oi to Inferior —— ■ <i to 8i Hogget— 14} Fine 12 to 13 to 14 Medium 12 to 12} , 12 to J3 Coarse — 11} to 12} Bellies and pieces— Crossbred: Good to super . 8 to 11 8 to 9} Low to medium 6 to 7} 6} to 2} Crutchings: Good to medium 8} to »} 7 to 8} Infr. and seedy 4 .to 7 4* to 7 Locks: Crossbred .... 4i to 5} 4} to 7}