FINANCE and COMMERCE.

Dominion, Volume 23, Issue 218, 11 June 1930, Page 14

FINANCE and COMMERCE.

STOCKS AND SHARES WELLINGTON EXCHANGE :-r ■■ .'i -r: ; . A STRONG DEMAND , l< Five gales were reported on the Wel- ' lington Stock Exchange. The long list of buying orders at the afternoon call indicated a strong demand for most classes . of stocks and shares, . There was a moderate demand for Government securities with ; few sellers. The 44 per cent. Stocks (1838) were up 2/6 I at £9B/17/6 ,the 1938 maturity were steady ! at £9B/15/-. The 4J* per cent. Bonds (1939 and 1938) were 5/- higher at £99/5/-, and the 4J per cent. Bonds (1930) were unchanged at £99/10/-. ■ There was a renewed demand for bank shares with prices very firm. Australian Bank of Commerce were steady at 25/-, but Bank of Australasia were down 1/- at £l2/6/6. Commercial Bank of Australia were wanted at 22/3; Commercial Bank of Sydney were easier, being 7/0 down on the previous bid at £2l/17/6; National Bank of New Zealand were steady at £6/7/6; but National Bank of Australasia £5 paid were 1/- up at £7/15/-. Bank of New South Wales were firm at £4O. Bank of New Zealand at 59/9 were up 9d., and there was a sale at 60/3. The long term I ! mortgage shares were 3d. higher at 27/6. Union Bank were 1/- up at £l2/1/-. : New Zealand Guarantee Corporation were flrm at 7/10, with a sale at 7/10J: Goldsbrough Mort and Co. were wanted at 32/-. Equitable Building were up 6d. at £B/8/-; and Wellington Trust and Loan were 6d. higher at £7/1/6. Insurance shares were in good demand. National at 14/2, New Zealand at 45/-, and Queensland Insurance at 49/-, a rise of 1/6 on the j. last bid. Christchurch Gas were firm at 26/3, with a sale at 26/6, and Wellington Gas ordinary were wanted at 30/'-. , ; New Zealand Refrigerating were steady, the 10/- paid at 5/-, and the 20/- paid at I 11/6. Huddart, Parker ordinary were unchanged at 38/-, but Union Steam were up 2d. at 20/3. After long silence a buyer has come forward with an offer of £5/10/for Wellington Woollen ordinary with a seller at £6. Walpa Coal were wanted at 9/6. Kauri Timber were firmer at 13/-, and Leyland-O’Brien were in request at 27/6. New Zealand Breweries were 3d. up at 51/7: Staples and Co. were also 3d. higher at 47/3. and Tooth’s Brewery were steady at 34/9. Australian Iron and Steel were unchanged at 18/9; British Tobacco were a shade better at 40/10; Colonial Sugar at £42 were 5/- higher; D.I.C. preference were up 3d. at 20/3; Electrolytic Zinc ordinary were 3d. lower at 24/9, but the preference were 2d. better at 26/9. New Zealand Drug were wanted at 62/9 and New Zealand Paper Mills at 20/-. Wilson's Cement were up 7d. at 44/7.

YESTERDAY’S QUOTATIONS

Buying and selling quotations at the Anal call' yesterday bn the Wellington Stock Exchange were as follow:— Buyers. Sellers.

DIVIDEND LIST .. . ■■■■ ■' PayCompany. Period. Per cent. able. Buns h 1 n e Brewery Half-year 2J To-morrow Robinson Ice Cream Year 10 To-morrow Devonport S. ' Ferry Half-year 3} June 14 Bank of N.Z. . Half-year 7 2-3 June 20 I Mount Lyell .. Half-year 5 June 23 I Farmers’ Trad- . ’"ing Co., ord. . Year 10 June 25 Farmers’ Trad/.ing Co., pref. . Year' 7 June2s Australian Glass Half-year 7J June 25 ' N,Z. Loan and ■". Mercantile .. Half-year *2 June 30 •On ordinary stock and 2J per cent, on '5 preference stock. ! OVERSEAS WHEAT Chicago. June 9. Wheat.—July, 1 dollar 7t cents; September, 1 dollar 10 5-8 cents; December, 1 dollar 15 1-8 cents.

AUCTION SALES — TO-DAY. Corner Brandon & Featherston Sts., 2.30 p.m.—Sale of Kelburn property (J. LI. Bethune & Co., and H. A. Shepherd.) Boom 11, Dominion Farmers’ Inst., 2.30 p.m.—Sale of Land and Dwelling, 38 Rodrigo Road. (W. Croft & Co.) M High St., Lower Hutt, 2.30 p.m.—Sale £ of Land, Wyndrum Ave, Lower Hutt. (A. Nisbet.) Grey Street, 2.30 p .m.—Sale of Land and property, Avalon Cres., Lower Hutt. (J. W. Foster & Co.) Also: Sale of Land and Property, Cashmere Ave., < Khandallah (J. W. Foster & Co.) Fairfield, Levin, 12.30 p.in.—Unreserved Clearing Sale (A. & W. Ltd.) 41-3 Panama St., 2.30 p.m.—Sale of Property. 75 Rintoul St. (Harcourt & Co.) Johnsonville, 1 p.m.—Fat Stock Sale (W.S. & Co., Ltd., and A. W. Ltd.) Columba Rd. Yards, Masterton, noon.— Stock Sale (N.Z. L. & M.A.) U Burnell Ave., 10.30 a.m.—Sale of Household Furniture (Ramsey Wilson fit Co.) TO-MORROW. Panama Street, 2.30 p.m.—Sale by Mortgage, Land and Property, Nikau St.. Murltai (Harcourt & Co.) Panama Street, 2.30 p.m.—Sole of Property, 23 Baine St., Karori (Harcourt & Co.) The Farm, Kiwitea, 12.30 p.m.—Unreserved Clearing Sale of Stock a/c. McDougall (A. & W. Ltd.) Lambton Quay., 2 p.m.—Sale of Furullurt, China, etc, tJlfiKfiunj. A Qsjl

DEALINGS ON ’CHANGE

YESTERDAY’S SALE RETURN ON INVESTMENTS • The following sales were recorded on the Stock Exchanges of the Dominion yesterday. The first column gives the price at which the sales were made. In the second column is given the return, based on the last dividend, from investment at the quoted price. In the case of Government and other redeemable securities, the return includes redemption:—

AUSTRALIAN LOANS WALL STREET PRICES New York, June 9. Sales of Australian loans qn. Wall Street to-day compare with those of a week ago

NESTLE’S MILK COMPANY At the annual meeting of shareholders in Nestle and Anglo-Swiss Condensed Milk Company, held at Cham, Switzerland, the chairman, Mr. Louis Dapples, who last year visited Australia, directed attention to the important Interests which the company had in the Commonwealth and New Zealand. Problems had necessarily arisen in the reorganisation of the Australian undertaking from the position that had grown up during the war and post-war period, and Australia had an enterprise which would compare favourably with that of the parent company. The management was in the hands of men in whom every confidence was vested, and Nestle shareholders could look forward with no misgivings to the active part that the Australian and New Zealand companies woul dtake in the ultimate economic expansion of those places. LIVE STOCK MARKET WAIPUKURAU SALE, Special Service. Waipukurau, June 10. There was a good attendance at the Waipukurau stock sale to-day, when a larger yarding of cattle and sheep than usual, especially fat lines, came forward. Values were somewhat below those prevailing at late sales, and the bidding generally lacked animation. In most cases sellers met the market. , ' , .. Fat Cattle.—Three prime Hereford heifers, £8; fat Hereford cow, £7; S.H. cross heifer, £5/12/6; S.H. cross cow, light prime, £7/15/-; Hereford cow, £7; two fat S.H. cows, £O/17/6; ismall P.A. steer, £5 5/-; big framed P.A. fat bullock, £B/12/6; fat P.A. cow passed at £5/16/-; other lines passed Included 8 Hereford cross cows and heifers, £7/18/- and small R.P. cow £5 15/-. Store Cattle.—l2 well-bred young Hereford cows, £6/12/-; 9 P.A. weaner steers, £2/18/-; 2 P.A. weaner heifers, 30/-; 7 light P.A. 4-year bullocks, £8; 6 20-months P.A. steers, £4/15/-; 6 2-year ditto, £6/4/-; Jersey cow, £2; Hereford cross cow, fair condition, £3/5/-; a line of light Hereford cows passed at £3/12/6. Dairy Cattle.—4 Jersey, dairy heifers in calf, £5/5/- Ayrshire cross cow, £7/5/-; sound Jersey cross cow, £5; guaranteed Jersey cross cow, £5/2/6. Lines passed in, 2 S.H. cross cows, £5/5/-j 2 Jersey cross do., £6; 1 Friesian heifer, £5. A young Jersey bull sold at £4. Fat Sheep.—2B prime ewes, 15/-; 27 lighter do., 13/6; 10 prime wethers, 23/-; 10 heavy fat ewes, 13/6; 26 fat wethers. 20/6; 22 do. heavier, 22/2; 8 fat ewes, 13/6; 43 S.D. fat wethers, 20/3; 10 fat lambs, 15/-; 13 fat lambs, 15/-; 13 fat wethers, 18/3; 59 light fat ewes passed at 12/-; 18 fat liimbs, 13/9; 9 small fat wethers, 16/6; 60 prime heavy ewes, 16/-; 28 fat ewes, 13/6; 59 fat ewes, 15/0; 48 do. lighter, 15/-; 35 fat ewes off turnips, 13/6; 42 prime wethers, 23/-. Store Sheep.—79 forward ewes, 10/6; 147 ewe hoggets, 12/1; 52 wether hoggets, 9/9. MARTON DAIRY HEIFERS At their dairy heifer fair at Marton, Abraham and Williams, Ltd., had a successful sale. The demand which came from Waikato, Walrarapa and local buyers being quite good, especially for heifers showing quality and near to calving. Almost a total clearance was effected at prices ranging frotn £6/1/- to £9/10/-. MANGAWEKA PRICES At the Mangaweka sale, the N.Z. Farmers’ Co-op. Distributing Co., Ltd., cleared a small yarding, prices being on a par with previous sales, as follows:—Ewes, r.w. Romney rams, 10/2; medium wether lambs. 10/2; medium m.s. lambs, 9/6; cull wether lambs, 4/1, The following sales were made by Dalgety and Co., Ltd.: Cull lambs 3/6 to 3/11; Jersey cross dairy heifers, £B/10/-. ANGORA WOOL LONDON MARKET According to a report from the New Zealand Fur Board, the continued improvement in the Angora wool market is revealed in the following cablegram received by the Department of Agriculture from the High Commissioner: —Angora Wool Growers, Ltd., now in the market for supplies, desire samples and offers from New Zealand growers. They are prepared to bld for all parcels of one pound or over, subject to sender’s acceptance on the following basis per lb.:—Super first grade, three Inches long, stranded, and packed In boxes, paper between layers, 23/- to 25/-. First grade, three inches long, unstranded, 17/- to 21/-. Second grade, two inches to three Inches long, 10/- to 15/-. Third grade, clean combings and short wopl, 4/- to 6/-. Fourth grade, matted and dirty wool, 2/- to 4/-. Advise quantity each gntd«* available and forward samples Immediately. The New Zealand Fur Board UjCoUSDliSji thia

FROZEN MEAT EXPORT

RECORD SEASON IN SIGHT MUTTON AND LAMB WELL UP Exports of lamb and mutton from the Dominion for the eight months of the present season October 1, 1929, to May 31, 1930, were considerably greater than for the corresponding period of last season. The latest figures issued by the New Zealand Meat Producers’ Bdard show that shipments of lamb during the eight months Increased by 601,089 carcasses and mutton by 324,697 carcasses, a total of nearly one million more than during the period October-May of last season. Shipments of beef showed an increase of 14,304 Quarters, and a decrease of 16,381 bags of boneless beef. There was a decrease of 29,015 carcasses in the exports of pork. It is noteworthy that 1,072,086 carcasses of lamb and 281,169 carcasses of mutton were exported during May, the bulk of the meat going to London. The following table gives details of the shipments and destinations of meat for the eight months to May 31: —

103,419 1,375,088 4,533,290 87,370

In addition there were 60.108 bags of boneless beef, of which 55,020 bags went to Glasgow, 072 to London, 276 to Liverpool, 2263 to New York and 1577 to Boston. ‘ The shipments for the corresponding period of 1928-29 season were as follow:—

89,115 1,050,391 3,932,201 116,385 In addition, there were shipped, 76,489 bags of boneless beef, of which 41,214 went to New York, 4649 to Boston, 458 to San Francisco, 28,463 to Glasgow, 364 to Halifax, and 1341 to London and Liverpool. Great Increases in Killings. The killings of stock for export this season show large increases In every class except pork. Lamb killings Increased by 782,722 carcasses, wether mutton by 446,909 carcasses, and ewe mutton by 442,432 carcasses. Beef also shows an increase, but killings of pigs were 28,360 less than for the eight months of laqt season. Details of the killings for the eight months period are shown in the following comparative table: — •

dairy produce LONDON MARKET Amalgamated Dairies, Ltd., on Monday received the following market report from their London office—Butter: Anchor advanced to 132/-. Market for other finest 130/- 131/-. These butters available: sale well ’cleared. Market closed until Tuesday morning. Further advance depends on Danes following lead. Retail unchanged. Deliveries: New Zealand. 1266 tons; stock, 11,030 tons. Cheese: White, 78/-; coloured, 83/-. Market now firmer. Retail unchanged. WAIHI GOLD MINING LAST YEAR’S RESULTS The report of the Walhi Goldmining Co. for 1929 shows that 213,879 tons (against 228,749 tons) were treated; gold and silver sold realised £360,600, against £376,680 in the previous year, and £12,5-11 was obtained by reduction of bullion In P ro <jess or treatment. Sundry receipts were £21,004. against £19,805. Value of power supplied by the Government of New Zealand l» pursuance of terms of purchase, of Horn Hora undertaking, and included in power costs of different departments, was £10,6'..>. making £404,770. against £407,114. Expenditure, including development work, but excluding taxes, was £287.288, against £290.290. There has been reserved for taxation £24,325. against £23.347, and £7288 against £7917 has been written off for depreciation of plant, etc., leaving the net profit at £85,869 against £85.560. plus £18,569 brought forward. The final dividend of 1/- per share, tax free, making 40 per cent., was paid on May 0. leaving £5257 to be carried forward. There has been no expenditure on capital account. Since date of accounts to April 5. 58.128 tons of 20001 b. have been treated, yielding approximately' £102.045. During the year 186,883 tons of new ore were developed.

GRAIN AND PRODUCE

CANTERBURY SUPPLIES POTATOES WEAK By Telegraph.—Tress Association. Christchurch, June 10. The oats market has shown a slight easing. This is especially the case in regard to the prompt position to-day. The supply is available in the south, but the demand lias eased and with it the price. Prompt A Gartons may be secured in the south at 3/11 f.0.b., s.i., and for spread delivery at 4/- to 4/1 f.0.b., s.i. B’s can be obtained nt 3/10 f.0.b., s.i., Bluff, for both prompt and spread delivery. Chaff prices, however, are firm and the quotation for prompt delivery is £7 a ton f.0.b., 8.1., equivalent to £5/10/- a ton on trucks. Chaff for June delivery is worth £7/5/- a ton f.0.b., s.i., and up to £7/10/a ton f.0.b., s.i., has been paid for July-August-September delivery. The quotations for wheat are as follow: 5/8 to 5/0 for Tuscan; 5/9 to 5/10 for Hunters; and 5/11 to 6/- for Pearl; on trucks price in each ease. A little business is being done in next season’s wheat at 5/6 for Tuscan, 5/8 for Hunters, and to 5/11 for Pearl. Fowlwheat Is a shade firmer, and with a good inquiry and a short supply the quotation is now 6/f.0.b., s.e. , The potato market is very weak. The inquiry for prompts is very small. Sellers are asking £4/12/6 a ton f.0.b., s.i., buyers offering £4/10/-. For June delivery potatoes are offered at £4/15/-, with no buyers, and Julys offered at £5/5/- also find no buyers. For July-August-Septembcr delivery sellers are asking £5/12/6. The price to farmers remains at £3/5/- a ton on trucks. The Wingatui did not load for Auckland to-day as intended. To date 125,000 sacks have been shipped to the North Island. There is a weakening noticeable In the onion market and the quotation at present to farmers is from £2/15/- to £3 a ton, and that for good lines. AUCKLAND VALUES Dominion Special Service. Auckland, June 10. Last week’s glut of potatoes is gradually being reduced, and the local wholesale price is now fairly steady at about £7 per tO Local supplies of onions are still sufficient for requirements, though the quality is still very mixed. A few small lots of Can-terbury-grown have come to this centre, theltr condition being very similar to locals. As a good deal of picking-over has to be done, the price has been raised to 7/6 per cwt. ex store. Australian supplies are expected about June 25. ... There is no change In the wheat position. Supplies are steady and the price of 7/10 per bushel is virtually fixed by the southern pool, which controls supplies. There are ample supplies of maize and an excellent demand as Is usual at this time of the year. Poverty Bay-grown Is chiefly selling at present, but toward the end of the month another shipment of South African maize, totalling about 400 tons, Is expected at this centre. The oats market continues very firm, with B Gartons selling at 4/10 ex store. Clipped Gartons have been advanced to 5/5 per bushel. Southern-grown chaff is steady as £lO 10/- per ton. The shipment of Tasmanian which arrived last week opened up well, and consumers are well satisfied with Its condition, being bright and well oated. This chaff sells £1 cheaper than Domlnlougfown. The local mills are still able to supply all requirements for bran, with pollard coming chiefly from Australia and small lots from the South Island. The Australian market his eased lately, which may affect local prices later on. Wholesale current prices arc:— Pollard and Bran.—Mill prices, pollard £9/-10/- per ton; bran, £8 per ton; merchants’'prices, Australian and South Island pollard, £lO/10/- per ton; bran, £B/15/- to £9.

Oats—Feed, B Gartons, 4/10 per bushel; A Gartons, 51-; clipped Dunns, 6/9; clipped Algerians, 6/6; clipped Gartons, 5/5. , Fowl Wheat.—7/10 per bushel. Maize.—New Zealand, 6/9 to 6/11 par bushel, ex store. Barley.—Feed, 5/6 per bushel; seed, Cape barley, 6/6 per bushel. •Maize Meal.—l 4- to 14/6 per 1001 b.; barley meal, 13/- per 1001 b. Chaff.—G.B.O.S., £lO/10/- per ton, Blenheim or Canterbury; Tasmanian, £9/10/-. Potatoes.—£7 per ton, ex store. Onions.—£6 to £6/10/- per ton, according to quality, ex store.

BRISBANE WOOL SALES PRICES VERY FIRM (Rec. June 10, 9.5 p.m.) Brisbane, June 10. At the wool sales to-day competition was keen and animated in all sections. Values generally were very firm at last week’s nites. The Indications are that the enhanced prices will hold till the end of the series. Spleudld clearances have been effected. BRITAIN’S EXPORT TRADE DEVELOPMENT COUNCIL Alive,to the desirability of stimulating Britain’s export trade, which competition from other countries, mainly the United States, has caused to lag, the British Department of Overseas Trade has appointed a special organisation with the title of Oversea Trade Development Council. The function of this body will be to examine the problems of export trade, study present and potential markets, constantly review the volume and trend of trade, investigate reasons for decline in exports by trades and markets, and ascertain possible remedies with the object of profitable expansion of British trade. It has been stated officially that the council was intended to be a council of action, and the success of its work would depend upon the use made of it by industry. The council has as chairman Mr. G. M. Gillett, M.P., Secretary to the Department of Overseas Trade, and includes as well as several departmental officials four representatives of commerce. Sir Gilbert Vyle, Mr. L. W. Matters. M.P., Mr. Hugh Lewis, an Insurance company director, and Mr. D. A. Horner. formerly assistant-manager of the Guaranty Trust Co. and New York. The council will work in close co-operation with the Minister, Mr. J. IL Thomas, and assisting its work will be a panel of industrial representatives, among whom are Sir Arthur Balfour, Lord Barnby, Sir William Larke, SJr Kenneth Lee, and Str Ernest Jardine.

N.Z. GOVT. LOANS— £ 's. d. £ s. d. 44 p.c. Inst* Stk., 1939 98 15 0 —— 4j p.c. ditto, 1938 ... 98 17 6 — 5J p.c. ditto, 1938 ... —— 99 7 6 54 p.c. ditto, 1937 ... 4) p.c. Bonds, 1939 and — 96 10 0 193899 5 0 —• 4J p.c. ditto, 1930 ... DEBENTURES— 99 10 0 . — W’gton. City, 4i p.c., 92 0 1938 —— 0 Ditto, 5} p.c., 1932 ., Gisborne Boro.,.5} p.c., — 99 0 94 17 0 1946 —— 6 BANKS— 12 Australasia 6 fl —— Aust, of Commerce ,. 1 5 0 .. Conrin. of Aust.,' ord. Commercial Banking 1 2 3 1 2 9 Co. (Sydney) 21 17 « 22 15 0 National of N.Z 0 7 6 6 11 0 Nat. of Austr/asia, £10 15 18 0 Ditto, £5 7 15 0 7 18 0 New South Wales ... 40 0 0 40 7 6 New Zealand 2 19 9 *3 0 6 Ditto, long term *1 7 6 ■ — Union of Australia ... 12 1 0 12 2 6 Ditto. Melb. reg FINANCIAL— 12 1 6 1 12 Goldsbrough Mort ... 1 12 0 7 Equitable Bldg. Co. .. N.Z. Guar. Corp., ord. 8 8 0 0 7 10 0 7 11 Ditto, pref Well. Trust and Loan 1 7 0 1 6 6 GAS— Auckland (contr.) ... —— 0 18 3 Christchurch 1 0 3 —— 1, 1 ■ 0 14 0 Wellington, ord 1 10 0 Ditto (pref.) *0 17 4 —— INSURANCE— 0 14 National 0 14 2 5 New Zealand 2 5 0 — Queensland 2 9 0 — South British 3 0 6 MEAT PRESERVING— Well. Meat Exp., pref. N.Z. Refrigerat. (10/-) C— — i .1 0 0 5 0 —— Ditto, £1 0 11 6 —— TRANSPORT— Huddart, Parker, ord. 1 18 0 —— Union' Steam, pref. .. 1 0 3 —— P. and O. stock 2 10 0 WOOLLEN— Wellington, ord COAL— 5 10 0 6 0 0 Walpa 0 9 6 ■ 1 — TIMBER— Kauri .0 13 0 Leyland-O’Brien . 1 7 6 —— National BREWERIES— — ‘0 10 2 12 6 New Zealand 2 11 7 0 2 7 3 —- 1 14 9 —— MISCELLANEOUS— Aust., Iron & Steel, pref. British Tobacco (Aust.), 0 18 9 ord 2 0 10 2 1 2 Burns, Philp and Co. —— 1 18 0 Colonial Sugar 42 0 0 — D.I.C., pref 1 0 3 —— Electro. Zinc, ord. .. 1 4 9 —— Ditto, pref 1 6 9 1 7 8 Holden's Motor Bldrs. —— 0 15 0 Howard Smith, ord. —— 0 18 3 N.Z. Drug 3 2 9 —— N.Z. Farmers’ Fertiliser 1 0 0 —- N.Z. Paper Mills .... — 1 0 0 Sharland & Co., ord. —— 0 19 3 Taranaki Oil 0 1 8 —— Wellington Cordage . Wilson s Cement .... —- 0 11 6 f2 4 7 — MINING— Mount Lyell 1 9 5 •1 10 0 WalliU •Cum. dividend. 1 0 13 6 ——• Ex dividend.

WELLINGTON. Sale price. Yield p.c. £ 8. d. £ 8. d. Bank of New Zealand . 3 0 3 4 15 2 N.Z. Guar. Corporation 0 7 104 8 9 3 Christchurch Gas .... 1 6 6' 6 0 9 1 17 3 6 0 8 Colonial Sugar 42 2 6 5 18 8 AUCKLAND. £ 8 I d. £ s. d. War Loan, 5} p.c., 1936 99 7 6 5 12 6 Ins. s-tk., 5 1-8 p.c., 1937 95 0 0 6 0 5 Ins. stk., 5i p.c., 1932 98 15 0 5 18 8 Comm. Bank of Austr., (late sale Monday) 1 2 3 6 14 10 Taupiri 1 5 0 8 0 0 Northern Steam, contr. 0 6 5 8 14 6 0 13 6 5 11 1 Dominion Pictures .... 1 2 0 , 6 10 4 1 17 3 6 0 8 TTHl & Plummer ...... 1 1 6 7 8 10 V *7. nrn.tr 3 5 0 6 3 0 CHRISTCHURCH £ 8. 1. £ 8. d. Austr. .Bank of Comm. 1 5 8 5 10 10 Comm. Bank of Sydney 22 0 0 5 13 7 E.S. and A. Bank ... G 10 0 5 15 5 d 0 (2) G 10 6. 5 14 11 Goldsbrough Mort. 1 12 2 9 6 6 2 11 9 5 15 11 British Tobacco .... 2 1 0 5 17 0 Mt. Lyell, cum. div. (2) 1 9 7 Sales reported: • Coram. Bank of Austr. 1 2 5 6 13 9 E.S. and A. Bank G 10 0 5 15 5 British Tobacco (4) .. 2 1 0 5 17 0 Comm -Bank of Sydney 22 5 0 5 12 4 N.Z. Breweries 2 11 9 5 15 11 Amalg. Wireless contr. 1 1 0 5 6 8 x DUNEDIN. Sales Reported— £ 8. d. £ 8. d. Christchurch Gas .... 1 6 0 1 Okarito, p 3

as follow June 2. June 9. Commonwealth — Doi. Doi. 5 p.e., Jan.-July, 1955 88} 88} , 5 p.c., Mar.-Sept., 1897 .. ... 88} 88} 4} p.c., May-Nov., 1925 .. .. 81} 81 New South Wales— 5 p.m., Feb.-Aug., 1957 .. .. 85 } 84} 5 p.c. Apr.-Oct., 1958 .. ... 85 84 Queensland — • 6 p.c., Feb.-Aug., 1947 .. ... 100} 99 7 p.c., Apr.-Oct., 1942 .. .. 105 106

Beef Qrs. Mutton C/cs. Lamb C/cs. Pork C/cs. London 65,139 1,226,167 3,662,104 66,174 Southampton — 42,351 166,364 —- Hull .... 656 316 3,281 ■ ■- Liverpool ■. 11,609' ' 53,933 452,148 5,092 Glasgow 5,431 14,464 21,288 9,927 Avonmouth 5,427 27,684 172,625 5,977 Manchester. 709 9,611 —— Cardiff ... 3,132 4,716 36,360 200 Montreal .. 2,019 1.545 — Halifax 3.745 500 New York 2,411 2,)000 8,000 —— Boston —— — •— Vancouver . 3,550 703 1,505 ( —— San Francisco 300 — 4

Beef. Qrs. Mutton. Lamb. Pork. C/cs. C/cs. C/cs. London .. 24,726 008,438 3,149,791 68,399 South’ipton — 41,365 155,016 — Liverpool . 2,698 42,049 377,821 16,683 Glasgow .. 1,451 6,887 14,485 15,531 Avonmouth 846 40,808 162,303 15,272 Manchester 846 3,347 32,404 500 Halifax ... 5,956 1,000 —— — New York 40,827 5,457 37,776 —— Boston .. 3,305 — 2,509 • — Colon .... 3,130 — — Montreal . 1,000 — — —— Vancouver 3,800 — 4 San Fran’. 530 140 2 —

1 ■ 1929-30. 1928-29. Beef (quarters) 170,677 116,089 Wether mutton (c/cs.) 1,416,631 960,722 Ewe mutton (c/cs.) .. 1,080,646 638,214 Lamb (c/cs.) 6,313,505 5,532,843 Pork, porkers (c/es.) . 88,812 109,315 Pork, baconers (c/cs.) 38.773 46,630 Boneless beef (fr. c/cs.) 173,387 134,628 Sundries 118,860 05,563 The stocks of frozen meat in stores in New Zealand as at May 31 are shown in the following table: — 31-5-30. 31-5-29. Beef (quarters) 69,80(1 21,880 Wether mutton (c/cs.) 645,420 324,901 Ewe mutton (c/cs.) .. 583,755 271,580 Lamb (c/cs.) 1,638,759 1,176,925 Pork, porkers (c/cs.) 37,144 42,540 Pork, baconers (c/cs.) 12,433 15,518 Boneless beef (fr.<c/cs.) 87,016 23,485 Sundries (fr. c/cs.) .. 46,981 20,289 The stocks of frozen meat loaded into vessels not departed : from New Zealand as at May 31 were: . 31-5-30. 31-5-29. Beef (quarters) 1,114 16,346 Wether mutton (/cs.) 13,602 47,618 Ewe mutton (c/cs.) .. Lamb (c/cs.) 8,183 273,438 40,504 547,028 Pork, porkers (c/cs.) 493 2,08o Pork, baconers (c/cs.) 445 230