FINANCE AND COMMERCE

Dominion, Volume 24, Issue 65, 10 December 1930, Page 14

FINANCE AND COMMERCE

STOCKS AND SHARES

Wellington Exchange

MORE INQUIRY

Thire wan a slightly Improved demand onth? Wellington Stock Exchange yes- ' terday, with no marked change in prices. Government securities were steady and unchanged The 51 per cents. (1941) were Main wanted at £O5. and the 5J per cents (1033) at £OO/12/6- There was a bld of £9B for Wellington Harbour Board 51 per cents. (1040), but no sellers. Wellington Gas debentures were wanted at £99, and Wellington Racing Club debenshares were in “oderate demand. Bank of Australasia were wanted at £ 9 11/» against sales on Monday at £O/15/ , National Bank Of New Zealand sold at £5/5/-; National Bank of *“®\ ral £® ,8 £ paid, were steady at £5/3/-, Bank or New South Wales were 5/- higher at.£2B 15/-. Bank of New Zealand were wanted it 50/3 with a sale at 50/11 ex . ll *'! lde “ d - H Gofilsbrough Mort and Co. at 19/3 were 3d higher New Zealand Insurance were in’demand at 40/6, and there was a sale at 41/0; National Insurance were on offer at 14/6. Auckland Gas changed hands at 23/3 and 23/2, and New Zealand-Re-frigerating. 10/- paid, at 2/-. Huddart. Parker (preference) were firm at 19/7 and Ta There b'woTsO/O for New Zealand BrewVrles, a but sellers asked 40/9. Toothy Brewery were wanted at 22/-. British Tobacco advanced 3d. to 29/9. Burns, Philp and Co. were steady at 30/-, Do minion Investments continue in good deSand at 21/0. Electrolytic Zinc, preferwere steady at 17/3; National ElectrlcVre 3<l u? ;at 0/-. 'Taranaki Oil were wanted at 2/3, and Consolidated Brick and i?ipe at 12/6. J ■ •» • Yesterday’s Quotations Buying and selling quotations at yesterday’s final call on the Wellington

' AUSTRALIAN LOANS . Wall Street Sales

MARLBOROUGH GOLD A New Company Ths Moutapu Gold Mining Company, which has been registered In Christchurch, has/ been formed to prqspect for and win gold from an area, partly hilly country and partly flat land, of 2852 acres at MabaUpawa, Marlborough, to the north of the Mahakipawa Goldfields Company s etaio. A portion of the Moutapu claim fronts on Pelorus Sound. A syndicate already has spent £BOO in prospecting the area and has discovered several reefs. Assays of specimens have been made at the Dominion Laboratory, and at the .Reefton School of Mines, and as a result the Mines Department has granted the company a subsidy in. connection with further prospecting operations. It is Intended to put doiVn several boresa to test the flat country in the company’s claim. Stock Exchanges Record At the annual meeting of the Stock Exchange Association last month it was decided that in future the "Stock Exchange Gazette” should be Issued under the sole control of the association, and a committee was appointed In Christchurch to un- ! dertake this work. It was decided also to i alter the title to "The Official Record of the Stock Exchanges of hew Zealand. ’ ‘ Owing to the Christmas holidays there will be no issue in January, but the new and greatly Improved Official Hu-Ota will make its appearance on L ebruary 1. ■' Several new features will beincornoratcd \ In Its pages, one of which will include the making available of an intelligence bureau - for the supply of commercial and statistical Information to subscribers. AUCTION SALES TO-DAY. ■ .... „ Rms. Bank of N.Z.. Bldgs., Lambton Qy., 2.30 p.m.—Seaside bungalow, situated 217 Marino Parade, Seatonn (G. G. Tolhurst & Son.) . ■ Claudelands Showgrounds, Hamilton, 1.30 p.hi.—Sale Imported Jerseys (W.S. & . Co., Ltd.) . Cr. Brandon & Featherston Sts., 2.30 p.m.— Sale residence,- 25 Braithwaite St., ;' 'Karori (J. H. Bethune & R. P. McCracker). Mr. Gaisford's Stables* Woodville, 9 a.m.— Salo ' racehorses (Roake & Son). Johnsonville Sale. 41-43 Panama St., 2.30 p.m.—Sale 7 bldg. ' sites, Khandallah (Harcourt & Co.) 8, Willeston St., 10.30 a.m.—Sale machinery ’ (E. Johnston). , 59 Ross St., Kilbirnle, 2 p.m.—Sale contents of residence (J. F. McKenna). 78 Lambton Quay, 10.30 a.m.—Sale unclaimed parcels (Kingsway, Ltd.) TO-MORROW. 12 & 14 Manners St., 130 p.m.—Sale furs tDalaety & Co.) 8 Wllleston St., W p.m.-Sale antique furniture (E , Johnston * Co.) Booms. Allen St., 10.30 a.m.—Salo poultry (Townsend & Paul). . FRIDAY. Booms, Strathallan St., Umaru 2 JM»--Mortgagee’s Salo Hotel, Stafford St., known as Carlton Hotel (A. N. Oakey < Panama. St,. 2.30 pan.—Sale residence Into Jacob Joseph, 21 Hobson St, (Har•osst & CoJ. •

DEALINGS ON ’CHANGE

Yesterday’s Business DOMINION SALES The following spies were recorded on the Stock Exchanges of the Dominion yesterday : — WELLINGTON. £ s. d.

NEW COMPANIES Auckland Registrations Three new companies, one public.and two private, have been registered in Auck land. Details are as follow:— _ Rodny Lime Company, Ltd., Warkworth, lime burners, crushers, producers and dealers, etc. Capital, £oooo kVfiO shares'; T^EdX'dsVd',“t. Ashton, 25 shares each; H. G. J Morrison, 20 shares each; R. C. Bennett and N.'Hamilton, 15 shares each. John P. Hooton, Ltd., private company, warehousemen, manufacturers’ agents; and renresehtatlves, commission and indent agents etc Capital, £12,500 in £1 shares. Subscribers: A. J. Hooton, 11,590 shares; A. L. Klover, 900 shares; Newtonia Hooton, I °H. ll M. e3 keeslng, Ltd., private company, plumbers, me’chanical, electrical, and sanitary engineers and contractors, etc.. Capital, £l5OO in £1 shares. J u^scr^® r ® : M. Keesing, 1490 shares; H. Cockburn, 10 shares. . ' ' ■ ' ■ Finance Corporation of N.Z. The ’ Finance Corporation of New Zealand, Ltd.,' has paid a half-yearly dividend on preference shares to November 30 at the rate of 7 per cent, per annum. The company reports a very satisfactory halfyear’s operations. 10 Per Cent. Debentures The attention of Investors Is drawn to an advertisement appearing on this page featuring a new issue of 10 per cent, debentures. These are stated to be a very sound proposition and ate reported to be selling freely. THE FRUIT CROP Orchard Conditions The Director of the Horticulture Division has received the following reports from nis officers regarding orchard and, marketing conditions at the end of November, 1930 :— Gisborne.— Apples, nectarines, and plums: Light crops. Apricots: Average crop. Gooseberries: Heavy crop. Lemons: Light summer crop. Excellent flowering for next winter crop. Oranges: Heavy showing of blossom. Peaches: Medium to Lght crop. Pears: Most varieties have set a light crop; black spot In evidence. Stramberrles: Very poor pickings have been secured to date, due to unfavourable weather conditions. Tomatoes: Plants backward. Walnuts: Light crop expected. Hawke’s Bay.—Apples: Great variation throughout district from very light to heavy. Dunn’s' and Dougherty show more failures than other varieties. Can expect reduced yield. Pears: Fair crop generally. W.B.C. consistently good. Peaches: Fair crop generally, but frost caused injury In several areas. Plums: Light to medium. Plums (Japanese): Medium. Walnuts: Fair prospects; less disease showing. Tomatoes: Heavy plantings, but backward. Frost has caused Injury to outdoor plantings in some areas. A continuation of westerly winds has caused anxiety, but position relieved at the end of month. zWanganui.—Apples, cherries, nectarines, peaches, plums, strawberries, and walnuts: Liglit. Apricots, gooseberries, lemons, pears, and tomatoes: Average. Very unsatisfactory weather conditions experienced during the month. Rain periods, hailstorms, and frost occurred. Fairly heavy droppings has occurred in the majority of varieties of apples. ' Manawatu and Walrarapa.—Apples: Very patchy setting. Sturmers heavy; Jonathan, Delicious, and Dunn’s, light; Cox’s, tair average. Apricots: Well forward; light. Cherries: On market; fairly heavy crop. Gooseberries: On market; heavy crop. Nectraines: Well forward; medium to light. Peaches: Well forward; very light crop. Pears: Well forward; fairly heavy crop. Plums: Fairly well forward; patchy Manawatu, light Walrarapa. Plums (Japanese): Fairly well forward; very light crop. Raspberries: Backward- promise well. Strawberries: Backward. Tomatoes: Outdoor backward. All varieties of fruit appear to be backward. With the exception of Sturmers the apple crop is on the patchy side, no doubt due to unfavourable weather conditions at ■ blossoming period. The stone fruit crop is also patchy. The small fruit crop is about fourteen days later than last season. At time of writing the weather conditions are against a good strawberry season.

Nelson.—Apples: Good setting of all varieties with the exception of Dunn’s, Delicious, and Statesman, which blossomed lighter. Apricots: A good crop developing. Cherries and gooseberries: Good. Nectarines and peaches: Heavy crops. Pears: Fair to good. Plums: Fair to good. Strawberries: Fair crops being harvested. Tomatoes: Glasshouses promise good crops; outside plants looking well. The weather conditions during the month have been very changeable. Rain fell on fourteen days, a total of 3.19 inches being recorded for the month. Nelson Central.—Apples: Good crops coming forward; Delicious and Dunn’s patchy; Cox’s Orange,, extra heavy setting; other varieties good setting. Pears: Heavy setting of most varieties. Tomatoes: Outside plants making good growth, increased temperature wanted to accelerate growth. 4 „ Motueka. —Apples: Fruit set well, and prospects of quite as heavy crops as last year; Cox’s Orange Pippin particularly good. Apricots: Good, above average setting. Cherries; Good crop; picking commenced early varieties. Gooseberries: Heavy crop. Lemons: Good setting of fruit.' Nectarines: Slightly above average. Peaches: Good crop. Pears: Heavy crops of pears all through district. Plums: Showing heavy crops nearly all varieties. Raspberries: Appearance of good crops. Strawberries: Good crops now: being picked. Tomatoes: Outside plants coming away nicely, and show promise of good crops. „ , . , „ Marlborough.—Apples: Owing to hall damage the crops in this district have been reduced anything from 15 to 20 per cent. There is a fairly bad Infection of powdery mildew, but no other disease in evidence. Apricots: Fair to good crops showing; black aphis in evidence. Cherries: Early varieties now being harvested; approximately 7 per cent, less through hail damage. Gooseberries: Heavy crops are now being harvested. Lemons: Average crops. Nectarines: Crops fair to good. Owing to a very dry season green and black aphis prevalent. Peaches: Same as nectarines. Pears: Hail has also damaged the pear crops to some extent. Plums: Fairly light crops due largely to frost injury. Plums '(Japanese): Heavy crops ..showing; black aphis in evidence. Raspberries: Crops light, largely on account of damage done by bud weevil. Strawberries: Good showing of fruit now being harvested; badly in need of rain. Tomatoes: Heavy crops being harvested from glasshouses; mildew in evidence. Walnuts. Average crops showing; bacteriosis prevalent.

A FURTHER RISE

Butter Firm at 107/108/-

CHEESE STEADY AT 59/62/-

A further improvement in the dairy produce market since the week-end is reported in the latest London cables. Samuel Page and Son, London, report to Dalgety and Co., Ltd., under date December B:—Butter and cheese, 2/- per cwt. dearer. Joseph Nathan and Co., Ltd., have received the following market report from Trengrouse and Nathan, Ltd., London, dated December B:—New Zealand butter, finest, 107/- to 108/- per cwt., market firm. New Zealand cheese, white 62/1 per cwt., coloured 59/- to 00/- per cwt. Market steady. Amalgamated Dairies, Limited, on Monday received the following market report fro’m their London office:—Butter: Owing to heavy fog, discharge several vessels held up and shortage landed goods. Nominal value New Zealand finest 106/- to 108/-. Danish cleared, closed firm 125/-, f.o.b. Deliveries New Zealand 2527 tons, stock 3620 tons. Retail position unchanged. Cheese market steadier White CO/-, coloured 58/-. Retail still generally 10d., some down to Bd. LONDON WOOL SALE Crossbreds Meet Strong Market London, December 8. . Offerings at the wool sales to-day were 9432 bales, including 1410 New Zealand. About 8090 were sold. There were good offerings of greasy Merino and clip wools. Scoureds were mostly medium and faultles. The limited supply of crossbreds met with a strong market at late rates. Sales: New Zealand, Te libra, 7d. to 6Jd. The Bank of New South Wales are in receipt of the following cable message from their Londes office, dated December 5:__Wool:. At low level now reached. Crossbreds are an active market. WELLINGTON WOOL SALE A Comparison of Values The following table compares the average prices of all grades of wool realised at Monday’s sale—the first of the season In Wellington—with those of the corresponding sale of Bist g 1929. 1930.

Locks: ■ K 14 31 Only 3 the grades of wool sold at bothsnips figure in the above comparison, for some grades were sold at last year s sale with none offering this year. / LIVE STOCK MARKET Waipukurau Sale Prices Dominion Special Service. Waipukurau, December 0. There were fairly large yardmgs in all sections at the weekly Waipukurau stock sale to-day, with tbe exception of dairy cattle which again were conspicuous by their absence. Values were consistent with recent low rates, and vendors in general met tbe market. There was only a moderate attendance of buyers. Fat Guttle—Prime R.P. heifer, £3/7/6, do . Jersey cow, £4/2/6; unfinished Jersey cross cow. £2/2/-; good line sl* enipty Hereford cross cows, £5/10/6, weighty Hereford cows, £6/10/4: unfinished Hereford R.P. cross cows, £a/2/0; two bigframed S.H. and Hereford cross cows. £•>. Store Cattle.—Nine poor-conditioned P.A. cows and calves,- £3/7/6; 10-P.A. fows and calves. £4/17/; two-year-old P.A. empty heifers, £3/16/-; S.H. bullocks, good line 14 yearling P.A. steers, £3/2/6, six empty S.H. and P.A. cows and heifers,, £3/5/-; H. and P.A. cows and calves, £2/14/6; five yearling R.P. heifers , from Mount Vernon. £2/2/6: seven three-year-old P.A. steers, good condition. £4/5/-; two empty young R.P. cows and calves from Mount Vernon. £3/7/-; five empty light P.A. cows, £2/12/6. Fat Sheep.—Eleven ewes, 7/6; 20 fpurtooth wethers, 13/-; 11 two-tooth light prime wethers, keenly competed for, 1-/-1 big-framed wetber, 13/9; good line 123 ewee, passed at 9/-: also 11 prime woolly wethers; at 18/-. £1 being wanted; 14 , prime wethers, 15/9. . . . . ' Store Sheep.—Two hundred and twentyfour 2-tooth light wethers, a/c C. Pattison, 8/4: 51 medium four-tooth wethers, same vendor, 12/10; 34 f. and f. four-tooth wethers, same quarter, 13/0: 124 two-tooth wethers, light. 8/4; six good woolly ewes. 9/-; 26 f. and f. wethers, 12/4; wether lambs. 8/2.. Masterton Cattle Fair Dominion Special Service, Masterton, December 9. At the Masterton cattle fair to-day Dalgety and Co. submitted a good yarding of well-bred cattle to a fair attendance. In sympathy with all other farm products, prices for all classes of cattle showed a sharp decline. Vendors met the market and a clearance was effected at the following prices:—3-year steers, £4/5/- to £7; good 2-year steers, £4/12/-; 2-year heifers, £3/1/- and £3/2/-; yearling steers, £2 10/-; yearling heifers, £l/17/6; forward cows and heifers, £4/5/- to £5/5/-; cows and calves, £3 to £5/4/-. Wright, Stephenson and Co., Ltd., report that bidding was very slack and there was a fall in the price of young cattle of 30/- per head. The few beef cattle yarded met with a ready sale at a trifle over recent prices. There was practically no outside competition and local farmers were very cautious. Wright, Stephenson’s entry comprised of 300 head, and the following Is a range, of prices:—Forward cows. £6 7/6: store cows, £4/10/-, £3/8/- and £2 13/-; two-vear steers. £4, £3/9/-: yearling steers. £2/17/-, £2/2/-; two-year heifers, £2/1/-; yearling heifers, £2; potters according to weight at late rates.

GRAIN AND PRODUCE

Prices Current WELLINGTON MARKETS Wholesale prices current in the Wellington market for grain and produce are quoted by Laery and Co., Ltd., as folWheat.—7/- to 7/7 per bushel, sacks in, for ten sack lots or over; smaller quantities 2d. per bushel extra. - Oats.—Machine-dressed Algerians 6/2, Gartons, 4/2 to 4/4; shelled oats. 6/- to 6/4; Sparrowbills, 4/11; crushed oats, 5/-; black oats, 5/-; Sun oats, 5/3 to 6/3 a bushel, sacks in. Barley.—Feed, 4/6 per bushel. Mixed Fowl Feed—Tikaka brand, 6/3 per bushel; less than five sack lots, 6/6 per bushel. sacks in. Chick Raiser, Tikaka brand, coarse, 200's, 33/6; 100 s, 18/-; 50 s, 9/6' fine, 200’s, 34/6; 100’s, 18/6; 50 s, 10/6. Pollard—£7 per ton; less than half-ton lots 10/- per ton extra. Bran—£7/5/- per ton; less than half-ton lots 10/- per ton extra. Peas. —Prussian Blue, 7/6 per bushel, seeks in; crushed, 6/9 per bushel; feed, peas, 5/8; partridge peas, 5/10 to 6/2 per bl Maize.—New Zealand whole, 5/11 per bushel'; crushed maize to arrive, 5/-; less than 10 sack lots, 2d. per bushel extra. Meal.—Maizemeal, 7/- per bushel; barleymeal, £B/10/- per ton; meatmeal, £l3 per ton: pigmeal, £B/5/-; peameal, £10; less than ton lots. 10/- per ton extra. Linseed meal, £l5; nuts, £l5; less than half-ton lets 10/- per ton extra. i Linseed.—Whole, 22/6 per ton; crushed, 25/- per cwt.; less than sack lots, 2/6 per r^Chal?—Prime Blenheim, £B/10/- per ton; undergrade lines, £7 to £8; less than ton lots 10/- per ton extra. Peanuts.-Java shelled peanuts, 4d. per lb.; Chinese, in shell, 3Jd. per lb., less than sack lots, id. per lb. extraDairy Butter.—Pats and bulk, B}d. to 10 Eggs. r —Fresh, 1/3 to 1/5 per dozen. Poultry. etc.-Fowls, White Leghorns, 5/6 to 6/-; Black Orpingtons and heavy varieties, 8/- to 10/- per pair. Geese, 10/to 12/- per pair. Ducks, runners, 7/- to 0/-*'heavy whites, 10/- to 12/- per pair. Turkevs, 1/1 to 1/3 per lb. Mutton birds, New Zealand salted, 6d. per bird; Tasmanian, in casks, 6d. per bird. Sundries.—Rock salt, £6 per ton, less Hum ton lots, 10/- per ton extra. Charcoal, $2/(“per 501 b. bag. Shell grit, Tikaka brand, oyster and Plpi. Ave bag lots, a/-, per bag; lesser quantities, 5/6 per bag. Molasses, in casks about scwt., 40/- per cask. Black Leaf 40, in 101 b. tins, 55/-, 21b. tins, 14/6 per tin; 41b. bottles, 5/3 each; loz. bottles. 12/6 per dozen. Superphosphates, £4/17/6 per ton, f.o.r. Smart Road: smaller quantities through store, 7/- per cwt. Blood, bone and manure, 0/6; potato, 8/6; bonedust, 8/6 per cw-t. AUCKLAND PRICES Potato Supplies ' Dominion Special Service. Auckland, December 9. There is not a great deal of life in the local grain and produce markets at present. Usually at this time of the year local merchants expect to get a share of the potato business, but at present they are chiefly confined to Pukekohe lines, and these cannot get a look In for the requirements of Auckland city. Each year of late suburban growers have made bigger Inroads on this market and this season their contributions seem larger than ever. Although Pukekohe quotations are reasonably low they are considerably above the local prices, as the auction marts are clearing out hundreds of bags daily at a few shillings a bag. Merchants have, therefore, to look further afield for orders. Canadian and Californian onions are now practically off the market, having been displaced by new season’s Victorian. These arrived at a bare market, but one operator had quoted low prices to arrive, with the result that others followed suit, and for a few days prices were easy at 10/- to 11/per cwt. It was soon realised that the available supplies were scarcely sufficient for the demands and the price firmed up to 12/6. Wheat Is very firm at 8/- per bushel, and merchants have been faced with a id. rise in f.o.b, costs which, so far, they have succeeded in resisting. Maize still sells at 5/9 per bushel f.0.b., and the market is weak. The oats market continues to weaken gradually and B Gartons are now quoted at 4/6 per bushel, ex store. Chaff, both southern and Tasmanian, Is quite plentiful with rib alteration In rates, and the consumption Is limited. Wholesale current prices are:— Pollard and Bran.—MUl prices, pollard, £6/10/- per ton; bran, £7 per ton; merchants’ prices, Australian pollard. £6/15/to £7 per ton; brim. £7. Oats.—Feed, B Gartons, 4/6 per bushel; A Gartons, 4/7; clipped Duns, 6/9 f clipped Algerians. 6/3; clipped Gartons, 5/3, Fowl Wheat —8/- per bushel. Maize—Local, 5/9 per bushel, ex store. Barley—Feed, 5/- per bushel; seed. Cape bar lev. 6/6 per bushel. Maize meal. 11/6 per 1001 b.; barley meal, 11/- per 1001 b. Chaff—G.b.o.s., £lO per ton, Blenheim or .Canterbury; Tasmanian, £9/5/- in New Zealand sacks. Potatoes—B/6 per cwt, ex store; 7/6 on trucks. Pukekohe. Onions —Californian and Victorian, 12/6 ret cwt. CANTERBURY POTATOES Lyttelton Shipments The following table compares the quantities of potatoes (In sacks) shipped from Lyttelton In the 1929 and 1930 seasons and Is of special Interest: — 1929. 1930.

sacks. , Oversea Wheat Markets Chicago, December 8. Wheat—December, 77J cents: March, 79 cents; May, 81J cents: July, 73} cents. London, December 8. Wheat. —Cargoes are dull and unchanged. Parcels are threepence down. Futures: London, December, 22/8 per quarter: February. 22/1; Liverpool, December, 4/10} per cental; March, 5/0 3-8; May, 5/2 1-8; July.

Stock Exchange were as follow Buyers. Sellers. N.Z. GOVT. LOANS— £ s. d. £ S. d. 41 p.c. Insc. Stk„ 1939 44 p.c. ditto, 1933 ..: —— 98 15 0 ■ —. ■ 0 08 7 6 54 p.c. ditto, 1941'.,.. 95 0 44 p.c. Bonds, 1038 ... —- 98 7 6 54 p.c. ditto, 1033 ... 90,12 6 — debentures— Welllngtno Gas Co. . 99 0 Well. Bacing Club .103 0 b 0 99 17 e Well. Harb. Board, p.c., 1940 •«•••«••••• 08 0 o ■ BANKS— • Australasia/ • 0 11 0 9 15 0 19 0 Aust, of Commerce ... —■ • National of N.Z. ..... Nat. A/asln. (£5) ..... New South Wales .. 5 ~3 28 15 2 10 0 0 3 5 10 0 29 5 0 42 10 11 FINANCIAL— - Goldsbrough Mort ... 0 19 3 N.Z. Guarantee Corp. (ord.) Well. Deposit & Mortg. 0 10 9 GAS-— Christchurch 1 4 10 ■— Ditto (contr.) ....... U 11 u 6 Gisborne • ■■ • MEAT PRESERVING — N.Z. Refrigerat. (10/-) •1 14 »0 2 6 3 INSURANCE— National Now Zealand 2 "o 6 0 14 2 1 6 9 TRANSPORT— , ; Huddart, Parker (pref.) COAL— o io 7 Taupirl (ord.) 1 2 6 Waipa BREWERIES— 19 9 t2 0 9 Staples and Co. ...... n 2 0 1 18 9 miscellaneous— British Tobacco (ord.) 1 9 9 i io 6 ■ Burns, Philp, and Co. 1 10 0 Dental and Medical . — 0 12 0 Dominion Investments 1 1 6 ■ —■ Electro. Zinc (pref.) . Howard Smith (ord.) 0 17 3 0 10 0 National Electric .... Newton King pref.) 0 9 0 0 12 , 2 16 6 N.Z. Drug Taranaki Oil .. • O 2 S Wairarnpa Farmers • wlPson’s Cement" "JI.. ConsoL Brick & Pipe o 3 8 0 13 3 0 0 15 5 0 0 .. n o S « 6 JcSm. dividend. +Ex dividend. 0 6

New York, December 8. "' Sales of Australian loans on wall Street to-day compare with those previously cabled as follow:— Dec. 1. Dec. 8. Comnogiwealth— ,5 p.c., Jan.- July, 19»5 .. Doi. . 78 Doi. 764 . 5 p.c., Mar.-Sept., 1957 . . 76 76 p.c., May-Nov., 1338 . . 704 701 New South Wales— 5 p.c., Feb.-Aug., 1957 . 8 p.c., Apr.-Oct., 19o8 . 894 091 694 Queensland — . 6 p.c., Feb.-Aug., 1947 . . 80 . 821 7 p.c;, Apr.-Oct.. 1942 . 914 *No sale.

Bank of New Zealand 2 10 11 Bank of N.Z 0 5 0 2 16 13 3 Pitto ft* - “*■••••••«•••♦• • 13 2 N.Z. Refrigerating, 10/- paid .. 0 2 0 AUCKLAND. £ s. d. Commercial Bank of Australia 0 15 10 13 8 1 10 0 Robinson Ice Cream 1 0 Walhi Mining ... CMBlISTCnUKCH. £ s. d. Commercial Bank of Austr. (4) Goldsbcough I."* 0 15 10 2 10 9 0 19 5 1 10 0 British Tobacco (») •••••••«•••• 1 10 1 1 9 10 Mount Lyell, cum div. 0 19 11 10 0 Sales reported:— Bank of Australasia ........... Commercial Bank of Australia, . National Bank of N.Z., cum div. N.Z. Refrigerating, 10/- paid .. 9 15 6 0 15 10 5 5 0 0 2 0 DUNEDIN. Sale reported:— .£ s. d. Bank of New Zealand 2 10 6

d. d. d. Merino: Average Inferior . 121 11 71 51 5 51 Half bred, 56/58: 141 Super 8J 6i Average 121 51 Inferior - lot 0 Half bred, 50/56: 121 Average 51 Inferior < Crossbred, 48/u0: 10J 4i 131 • t 51 Average Hi 51 101 4i Crossbred, 40/48: 7 6 5j 51 J.-I? 4 51 Inferior Crossbred, 44/46: 6| 61 101 5 •7i 3j 6 Crossbred, 40/44: 6| 6} Super 10i 5 71 Average 51 Crossbred, 30/40: 12 si 61 10} 4 61 Hoggets: 48/50 12 Hl 6i 6 5i 5* 46/48 5 61 44/46 Lambs; Fine, 46/o0 .......... 121 51 7i 5i Seedy and inferior .... Si Bellies and pieces: Halfbred good to super 91 41 5} Crossbred, 4£ 5i Good to super 9i Low to medium .... 6i 2i Crutchings: Medium to good 81 3J 1J 4i 4

Auckland 123,424 133,152 Wellington 90,833 80,229 Napler-tilsborne Wanganui - New Ply29,061 30,104 mouth West Coast, South 75,937 72,699 Island 8,264 15,108 Totals 333,519 331,382 The decrease in 1930 amounts to 2137