FINANCE and COMMERCE

Dominion, Volume 24, Issue 144, 14 March 1931, Page 10

FINANCE and COMMERCE

STOCKS AND SHARES Wellington Exchange MARKET FIRM tone sale* were recorded on e ,k Tington *Stock Exchange the quotatlous_show that there Prices, slight falling-off in the demand, prices, however, remain fi^- f fxirlv goodl" The per cent .ha.eared For Bank of Australasia, £9/10/- was again bld, with no sellers. , C ?S? Bank of Australia were sold at 16/4, witn seUera now asking 16/6. English.Scotdab, and Australian Bank .advanced 2/ to £5/4/-. National Bank. of land wera np 1/- at £4/18/• £o*7 New South Wales were beT ß^ £^ t 7/6 with a sale at 4,27/10/-. wans or Trust and Loas-at £6/10/-. ton Deposit at 9/6. were National Insurance were wanted at 12/9. and New Zealand Insurance at 40/-. South British Insurance changed hands at W/ • Gear Meat were firm at 28/-.and New Zealand Refrigerating, 10/- paid, sold at: »/3. or 3d. below the last sale price. Huddart Parker ordinary were firm at --/•, Leyland O’Brien Timber were 6d. better at New G Zealand Breweries were unchanged at 36/6. Staples and Co. were also unchanged at 32/6. but Tooth’s Brewery were 3d, better at 21/6. There was a »®le ®t -• the latter at 22/-. Burns, Philp and Co. at 30/6 were 6d. higher, and British Tobacco were also 6d. higher at 30/6. Electrolytic Zinc were firm and unehanged, the ordinary at 12/3. and the preference at 17/6, Wilson’s Cement were up od. at . . 39/8. Yesterday’s Quotations buying and gelling quotations at yes-' terday’s final call on the Wellington Stock

DEAUNGS ON ’CHANGE . Yesterday’s Business The following sales were recorded on the Stock Exchanges of the Dominion yesterday :— WELLINGTON. £ s. d.

SAVED TWO HUNDRED POUNDS. “Acting on your advice saved me £200," wrote a grateful subscriber to the Intelligence Bureau of the N.Z. Stock Exchange Gazette. Many thousand New Zealand business men now participate in the Gazette special service and find it of immense use to them in the conduct of their everyday business. Write for particulars to the Managing Editor, Box 1225, Auckland.— Advt Beet Sugar London. March 32. BMt Sagar.—ApaM delivery, V- per ewt

THE MONEY MARKET ' Bank of England Return MARKET RATES STEADY London, March 18. The Bank of England return for the week ended March 11 is as follows.— Issue Department. R Govt. debt. WlOO tlon ... 350,320,938 Other Govt. In bank- securities 233,504,270 Ing dept. 50,600,783 u<o3o 33a Silver coin 4,360,291 •£260,000,000 k • Gold coin A bullion 140,027,721 £400,927,721 £400,927,721 •Amount of fiduciary issue. Bmkhr Department. £ £ “euiities 9 ’- 30,434,684 D public' 8,757,239 D &advancea 0,238,661 Bankers 59,274.585 Other OtlJ a/cs. 33,468,678 Notes 00,600,783 2,091 G ver 801*17 £119,784,116 £119,784,116 Proportion of reserve «<> K «* , s t * es ; ner cent., as compared with 47.30 iper cei u Sn March 4, and 50.87 per cent, on March ltems of the above return complre as follow Si-th those of the previous week:— March. 4. March 11. gSOthW a’cc«. 33/WM 38,468,678 £107,851,872 £101,500,502 34,30,gW Discounts and adv. IOWOh 1 Note circulation 350,722,320 +Coln and bullion 141,761,891 •Reserve on March 12, 1930, was £ Sl l archl2,l93o, £152^22,838. 1930, maximum* May 7, £104,502,301; minimum, January 1, £146,115,719. Short Loons and Bill,. The Bank of England rate of discount is 3 per cent.) to which It wB JL I re<iu<:ed from 31 per cent, on May 1, 1030. Short loans are quoted at 2 per cent., unchanged on last week. Tlje mrket r«te of discount for best three months bills is 2 5-8 per cent., compared with 2 21-32 per cent, last week. GOVERNMENT STOCKS Strong Recoveries in London London, March 12. The following table gives quotations for consols and colonial inscribed stocks, comp.„a -m .< v.H.ao.,

STERLING EXCHANGES London, March 12. The following rates on foreign exchanges are current to-day, as compared with the cabled quotations on March 10 and par:— Mar. 12. Mar. 10. Par.

Overseas Grain Markets Melbourne, March 12. Wheat—2/3 to 2/4 a bushel. Flour— £6 IT/- to £7 a ton. Bran—£4. Pollard—£4/15/- a ton. Oats—l/10 a bushel. Barley, English—2/3 to 2/4. Maize—3/9 to 3/10. Washington, March 12. The chairman of the Farm Board, Mr. Stone, estimates the domestic carry-over of wheat at July 1 will be 275,000,000 bushels, which will be the same as ’ast year. London, March 12. Wheat.—For cargoes to-day, following better overseas advices, sellers raised their prices IJd. to 3d. Trading was quiet. A part cargo ex the Kurdistan for Rotterdam sold at 20/9 per quarter, and a part cargo ex the Anglo-Australian for Antwerp sold at 21/-. Parcels were In quiet request at an advance of l}d. to 3d., and sold as follows:—Ex Unden. 21/- to 21/-J; ex King Stephen, 21/0; ex an unnamed ship from New South Wales, loading in bulk in April, 20/9; ex Baron Fairlie, 21/-; ex City of Glasgow, 21/-. Futures: London, April, 19/10 per quarter; June, 20/-: Liverpool, March, 4/2 7-8 per cental; May, 4/4 5-8; July. 4/6 1-8; October, 4/8 3-8. The spot trade la quiet and prices are maintained: Australian, ex( ship, 22/6 to 24/6 per quarter. Flour.—The market is firm. Australian, ex store, 18/6 to 19/- per sack. . Oats are slightly easier and peas and beans steady. AUCTION SALES TO-DAY. Rotherham Terrace, Miramar. 1.30 p.m. —Sale household furniture (Silverstone and Co.). 84 Bay Road, Kllblrnle, 1.30 p.m.—Sale furniture (E. Johnston and Co.). Allen St., 10 a.m. dally—Meat auction (Townsend and Paul). MONDAY. Trentham Sales Sables. I.® p.m.—Sale . bloodstock (W.S. and Co.. Ltd.). Woodville sale, 11.30 a.m. (W.S. and Co., Ltd.). 16 Dawson St., 1.30 p.m.—Sale furniture (R. Silverstone). Upland Rd., Kelburn, 1.30 p.m.—Sale furniture (E. Johnston). , , Autumn Cattle Fair, 11.30 a.m. (Dalgety and Co., etc.). TUESDAY. T.evin eale. Grand Theatre, Wanganui. 10 a.m.—Sale Plant and fittings (Williams , and Harper). Alls" St., 10.30 a.m,—Poultry-sale (Town**nd and FaalL

LAMB PRICES LOWER

Smithfield Market Weak PRIME MUTTON EASIER The Smithfield market is again weaker, the prices of New Zealand lamb being id. to id. a lb. lower, and prime mutton sd. lower, except for ewes, which are steady. Dalgety and Co., Ltd., have received the following report dated London, March 12, from their head office:— Lamb.—New Zealand prime Canterbury lamb, 28/361b., 6jd.; prime North Island lamb, 28/361b., sid.; prime Canterbury, lamb, 38/421b., 6}d.; prime North Island lamb, 36/421b„ sid.; prime Canterbury lamb, second quality, sid.; prime North Island lamb, second quality, 5d.; prime Cauterbury lamb, 42/501b., 6d. Southdown lamb selling at a premium of id. Market for New Zealand lamb weaker; demand poor owing to eoid weather. Mutton. —New Zealand prime Canterbury mutton, '4B/Mlb., 3}d.; prime North Island mutton, 48/561b., Sid.; prime Canterbury mutton, 56/641b., 3}d.; prime North Island mutton, 56/641b., 3 l-Bd.; prime Canterbury mutton, 64/721b., 3jd.; prime North Island mutton, 64/721b., 3d.; prime Canterbury ewes, 48/641b., 2 3-Bd.; prime North Island owes, 48/641b., 2id. Market for New Zealand mutton weaker; demand moderate. Australian Lamb.—G.a.q., Australian lamb, 28/361b., 4Jd„ 36/421b. 4}d.; f.a.q., Australian lamb, 28/361b., 4id.; third, ’Australian lamb, 4 l-Bd. Market for Australian lamb unchanged; demand poor. “ Australian Mutton.—G.a.q., Australian mutton, 40/601b., 2 3-Bd.; f.a.q., Australian mutton, 30/551b., 2id.; Australian ewes, 2d. Market for Australian mutton weaker; demand poor. Beef.—Argentine chilled hinds, Rd.; fores, 4d. Pork.—English porkers, 80/100Ib., 9d.; New Zealand porkers, 80/1001b„ 5d.; New Zealand porkers, 100/1201b., 4|d. Market for New Zealand pork dull; demand limited. JL A. Eliott, Ltd., Palmerston North, have received the following report from Gordon, Woodruffe and Co., Ltd., London:—Prime lamb, no change. tkcond quality lamb, id lower. Light wathers, l-8d lower. Heavy wethers, no change. Ewes, all grades, id higher. Smithfield “delivered” prices on Thursday were as follow:—Best North Island prime iambs, under 361 b, 6|d; 36-421 b, 6 l-Bd. Ordinary North Island lambs, under 421 b, s’d; second quality, under 421 b, 4 7-Bd. Beat North Island wethers and/or maiden ewes, 48-561 b, 56-641 b, 3 5-8 d; 64.721 b and over 721 b, 3td. Ordinary Nofth Island wethers -and/or maiden ewes, 48-561 b, 56-641 b, 3id; 64-721 b and over 721 b. 3 l-Bd, Nortb Island ewes, under 641 b, 2}d; 64-721 b and over 721 b, 2Jd. GOOD PRICES AT FEILDING Fat Ewes Advance Dominion Special Service. Veil ding, March 13. There was a distinctly optimistic tone about the Fellding stock sale to-day, when the yarding was even larger than that of last Friday. Over 22,000 shoep were offered, the greater proportion being breeding ewes. A large yarding of cattle was also offered with an exceptionally heavy entry of dairy cowsPrices were good all round, especially for sheep, Eat ewes showed an advance of 1/- a head on last week’s prices. Lambs and two-tooths sold at last week's averages. The demand for breeding ewes was keen and free and the auctioneers had little trouble In quitting most of the lftes, • ' Farmers are still seeking ewes. It appears that the demand is not nearly satisfied. Beef prices remain on a low level, the best prices for cow and heifer beef beingequal to 18/- per 1001 b. ‘ Fat Lambsl— Woolly prime, 13/2 to 14/- . shorn primest, 12/-; good to prime, 10/6 to Fat Ewes. —Primest heavy. 8/4; good, 7/6 to 7/9; fair, 6/0 to 6/9: fat two-tooths, prime, 10/4; good. 9/6. Store Sheep.—Breeding ewea, four and six-tooth, small, 9/6: four-year, good, 7/11; fair, 6/2; four and five-year, good, 8/- to 8/6; five-year, 6/6: falling mouth, 4/1; two-tooth ewes to 20/-, which was ahead of the ewe fair prices. Dairy cows in. milk, best, £6 to £6/15A; good. £5/5/- to £5/10/-; fair, from £4; heifers, £3 to £3/15/-. Fat Cattle.—Shorthorn cows, £o. Jersey cows, heavy, to £4/7/-; fair. light, £2/10/-: P.A. heifers, £3/12/6, V£ Store Cattle.—Cows. 30/-'to W-t steers, 29/- to £3/5/-; woaners, 12/-to, £2/10/-, heifers, r.w.b,, £2/15/- to £4/15/-, Hawke’s Bay Prices At- the weekly sale at Stortford Lodge on Wednesday, there was a very small yarding of both fut and store cattle and a medium yarding of fat and store sheep. Prices for all classes of sheep were generally better than those for the last fortnight, fat sheep showing a more decided increase. The following was the range of prices:—Fat bullocks, £7/10/- to £6/10/-, fat cows, £2/10/- to £4/10/-; fat £3 to £6/5/-: dairy cows, £l/10/- to £5 13/-; fat withers. 9/- to 12/-; fat ewes (prime). 8/- to 10/2; fat ewes (medium), 5/- to 7/-: fat lambs (extra prime), 10/- to 12/6; fat lambs (medium), 7/6 to 10/-, two and fopr-tooth wethers, 4/- to 7/6, four and six-tooth wethers to 8/2; wether hoggets, 3/- to 5/-; ewe hoggets, 4/- to 7/-. store ewes, 2/- to 4/-. Wanganui Sale Prices were firm on recent sales at Freeman R. Jackson and Company’s weekly Wanganui stock sale, but bidding was inclined to drag at times. Prices wmp as follow:—Sheep: Fat ewes, 6/- to 6/6. fat b.f. lambs, »/10 to 10/-; fat two-tooths, 10/6 to H/l; forward b.f, lambs, 8/4; ewe lambs, 8/- to 8/3: wether lambs, 5/2 to 6/2; two-tooth ewes. 16/2; four and eix* tooth medium ewes. 0/2: four and flvo-year ewes, fi/5, 7/3. 7/0 to 8/-; five-year ewes, ■4/6, 5/- to 5/6; s.m. ewes, 8/5. 3/6, 3/7, 4/- to 4/6; backward ewes, 1/4, 1/5, 2/-, 2/4 to 3/-J aged wethers. 6/3 to 6/6; aged Southdown rams. 1 to Ufth?- R °®l ney rams, li to 2gns Cattle: Fat cows. £3/10/-, £4 to £4/10/-; forward cows, £3, £3/5/- to £3/0/-; ’tore cows, 20/-, 25/- to 35/-; works bulls to £3, 18months Shorthorn steers, 2J-year P.A. steers, £4/10/-. Pigs: 30/- to 35/-; good ■tores, 20/- to 21/-, small stores. 9/6, 10 7'_.. t0 e 2?n weaners. 12/-. 13/- to, 15/«: weaners, 8/6, 9/-, 10/- to H/6. ” Mangaweka Sale At Mangaweka Dalgety and Company. Ltd., had a gopd entry of sheep and a small entry of cattle. There was good competition for all classes of sheep at advanced rates and, with the exception of one pen. a total clearance was effected. Wether lambs. 3/5, 5/-, 5/1, 5/6, 6/-, 3/3 to 7/4 b.f. lambs, 5/10 to 7/-; ewe lambs, 8/1, aged ewes. 4/-, 4/5, 5/3; m.a. ewes, 5/10 to 6/4;'four-tooth to four-year ewes. 10/1> four and six-tooth wethers, 9/2; line of 493 two and four-tooth forward wethers realised 9/2. Sale at Silverstream At College Farm. Silverstream, on Wednesday, the New Zealand Loan and eantlle Agency Company, Limited, held a successful clearing sale on account Mr. A. Were Aplin. The 80 dairy cows were in great order and elicited keen competition. The top price was £l7/10/- an 'l dairy cows realised £l6/7/6. £l5/10/-. £l5, £l4/5/-. £l3/15/-. £l3/15/-. £l3 5/-, £l3, £l3 and £l2/W- doWnwarl. The top 42 cows offered averaged £l-. Aged good sorts of horses brought £l5 S/- and £lO. Milking plant realised £4B, rldger £2O. discs £l4/2/6, while ihe remaining plant and harness elicited keen competition. Britain’s Trade ’ London,. March 12. Tho Board of Trade returns for February show that Imports have decreased £24,503,000 on February, 1930, returns, exports £20,131,000, re-exports £2,703,000. The principal decreases In Imports are: Grain and flour, £2,013,000; meat, £1,750.000; food and drink, nori-dutiable, £1,629,000 and dutiable £1,149,000; wood and timber. £990,000: cotton, £3,501,000, wool. £2,109.000; non-ferrous metals and manufactures thereof. £>1.028.000: oils fats and manufactures, £1,518,000. Exports ot coal have fallen iron and steel and manufactures £-’,3-t--1100. macliinory £1.600.000, cotton yarns and manufactures £5,163,000, wooll" n « £1,694,000.

MARKET VERY FIRM

London Wool Sales COMPETITION STRONG London, March 12. Offerings at the London wool sales today were 8271 bales, Including 1154 New Zealand. Practically all were sold. There was an excellent selection ot greasy crossbreds. _ . The market is very firm and competition is strong. A SHARP ADVANCE Bradford Tops Firm London, March 12. The prices of tops in the Bradford market are firm, following the advance in prices for wool in the London and overseas sales. To-day's quotations compare as follow with those previously cabled:— Feb. Feb, Meh. Meh.

Wright, Stephenson, and Co,, Ltd., and Abraham and Williams, Ltd., report haring received cabled advice from their Bradford agbnt regarding the tops market reading as follows:—Merinos hardening. All crossbreds id. up. Business is restricted by the higher prices. Topmakers are protecting themselves in view of developments in the raw material market. SUBSTANTIAL ADVANCE Sheepskins and Hides. There was a substantial advance in the prices of sheepskins and hides at the fortnlgthly sale held yesterday by the combined Wellington brokers. Sheepskins were keenly competed for at an advance of Id. to IJd. for three-quarter ?o full wools, and id for short to quarter wools. Lambs were Id. to Ud. a lb. higher. Salted skins were firmer at Id. to 3d. rise. Hides were keenly sought after. Cow hlto advanced 3d. to Id.; light-weight ox, Id. to ljd.; medium weight ox firmed id. to 14d. and heavy weight ox lid., extra heavies advancing up to 2d. ’Tallow sold on a par with late rates. The official range of prices is as *ol10Sheepskins.—Half bred, 4d. to 5Jd.; fine, crossbred, 3Jd. to s}d.; medium crossbred, 3d. to sid.; coarse crossbred, 2Jd. to old.; half wools, 2Jd. to 4|d.; quarter wools, 2)d. to 31d.; pelts, l}d. to 3)d. Salted Skins.—Pelts, 10d. to 1/2; quarter wools, 10d. to 1/3; half wools, Bd. to 1/6; lambs, 3d. to 1/4. Hides.—Ox, 331 b. to 441 b.. 4id. to 5 l-Bd., ox. 451 b. to 521 b., 4id. to 6d.; ox, 531 b. to 591 b., 4 5-Bd. to 6 l-Bd.; ox, 601 b. to 691 b., sd. to 7d.; ox, 701 fr. and over, 5 5-Bd. to 74d.; cow, 331 b. to 30Ib„ 3td. to sid,; cow, 401 b. to 481 b., 2Jd. to Bld.; cow, 491 b. and over, 4d. to Sid.; kip, 251 b, to 321 b., 4jd. to 5 5-Bd.; kip, 171 b. to 241 b., 3d. to.7id,; yearling, 111 b. to 161 b„ C}d. to Bd.; caif, 91b. to 101 b„ Bd. to 7id.; calf, 61b. to 81b., Old. tod BJ<l>: calf, 11b. to 51b., 3d. to 8 3-Bd. Tallow.—ln casks, 7/0 to 14/6. Sundries. —Cow tails, Bd. to lOd.; horse hair, 6d. ralmerrton Sale. At the Palmerston Northg sale held by Abraham and Williams, Ltd., on Wednesday, bidding was keen and a total clearance of the catalogue was made. Wool.—There was very spirited competition for this with a rise of 20 to 25 per cent. Sheepskins.—Bidding was exceptionally keen, particularly for . interior lots, prices rising from id. to lid. per lb. for dry skins, while salted skins also were in good demand at 4d. to 6d. up on our last sale. Hides.—All hides showed a firmer tone and realisations appreciated to id. to *<J. per lb. Calfskins did not meet the market so well, being out of season, and this was the only line that showed a drop in values ofabout id. per lb. Tallow. —The market for this showed no change, BUTTER IN BETTER DEMAND Cheese Market Firmer London, March 12. Butter.—Quiet: Danish, 138/- to 140/-; choicest salted. New Zealand 118/- to 120/-, Australian 117/- to 118/-; unsalted, New Zealand 124/- to ISO/-, Australian 132/- to 126/-. Cheese: Blow! New Zealand, white 56/-, coloured 58/-: Australian, white 05/-, coloured 56/- to ST/-. Joseph Nathan & Co. Ltd. have reeedved the following market report from Trengrouse & Nathan Ltd., London, dated March 12:—New Zealand butter, better feeling, 119/- to 120-; New Zealand cheese, good demand, white 1/2 per cwt higher. A. S. Paterson & Co. Ltd., Wellington, report having received cable advice from J. & J. Lonsdale & Co. Ltd., London, dated March 12, as follows:—Butter: Better demand at lower prices; Danish unchanged; New Zealand, 118/- to 119/-; Australian, 117/- to 118/-. Cheese: More inquiry; white 55/- to 57/-, coloured S 7- to 58/-. Cabled advice received by Mr. G. A. Mills from A. J. Mills & Co. Ltd., London, gives the following market prices as ruling at the close of business on Thursday:—Butter: The market is slow. New Zealand finest salted 118/- to 120/-, unsalted 126/- to 128/-, firsts 118/-; Danish, 140/- to 142/-; Australaln, 117/- to 118/-. Cheese: The market Is steady. New Zealand, white 56/to 57/-, coloured 58/- to 50/-; Canadian, white and coloured, 72/- to 76/-. Samuel Page & Son, London, report to Dalgety & Co., Ltd., under date March 12: —Butter: Market rather better at lower prices. Danish, 138/- to 142/- (138/- to 142/-)'; New Zealand finest, salted 118/- to 120/- (120/- to 122/-); Australian finest, unsalted 120/- to 124/- (122/- to 126/-), salted 117/- to 119/- (120/- to 122/-), G.A.Q. 114/- to 116/- jll4/- to 118/-). Cheesd: Market rather better at lower prices. New Zealand, white 55/- to 56/(56/- to 67/-). coloured 67/- to SO/- (38/- to 60/-); Canadian, white 72/- to 78/- (70/- to 78/-), coloured 72/- to 78/- (70/- to 78/-. (Last week's quotations shown in parentheses.) Canada’s Butter Stocks Ottawa, March 12. The Dominion Bureau of Statistics show that there is 1,800,0001 b. of butter less in Canada as at March 1 than there was a year ago. • FRUIT AND VEGETABLES Wellington Markets Values for fruit and vegetables sold at Wellington on Thursday are quoted by Marken Gardeners, Ltd., aa follow:— Fruit.—Outside tomatoes. 1/9 to 4/0 per box; hothouse:- tomatoes, 8/- to 10/- per box; round tomatoes, 4/- to 6/6 per box: passion fruit, 10/. per case; Cox’s apples, 4/- to 7/2 per Case; small Dunn’s apples, 3/6 to 4/- per case; grapes, B}d. to Hid. per lb.; nectarines, 6/9 to 9/6 per ease; apricots, 4/0 to 5/- per case; plums, 6/4 to 7/- per case; Delicious apples, 7/- per case; Californian oranges, 30/- per case; Californian lemons, 35/- to 36/6 per case; Californian grape fruit, 85/- per case; Cook Island bananas, 21/- per case; Samoan' bananas, 27/6 per case. v’ogetablea.—Local potatoes, 6/- to 9/pcr bag; onions, 8/- per bag; French beans, 8/- to 17/6 per case; butter beans, 12/9 per case; cabbage, 6d. to 2/8 per ease; cauliflowers, 3/- to 5/6 per case; lettuces, 3/- to 5/6 per case; swedes, 1/6 to 2/6 per case; potatoes, 4/- to 6/9 per case: spinach, 3/6 to 5/0 per case; cucumbers, 2/9 to 3/- per dozen: rhubarb, 4/- per dozen bunches; celery. 1/- to 3/7 per bunch: peas, to/-te 15/6 sack: beans, 7/- to 14/9 per sack; cauliflowers. 9/- to 11/- per sack; pin melons, 11/6 per sack; scarlet runner beans, 4<l. to s}d. per lb. Poultry.—Fowls, .4/- V 6 par pais.

Exchange were as follow:— Buyers. N.Z, GOVT. EOANS— £ »■ dSellers. £ s. d. 44 p.c. Insc. Stk., 1939 and 1938 95 0 0 54 p.c. ditto, 193G „ SK) 5 0 51 p.c. ditto, 1941 ... 93 17 6 •—• 5} p.C. ditto, 1037 ... 94 10 0 44 p.c. Bonds, 1030 and 1938 -95 0 0 54 p.c. ditto, 193d ... 08 0 0 —■ . » 54 p.c. ditto. 1937 ... 94 12 C DEBENTUBES— Wanganui Borough, 51 p.c., 1944 9< 0 0 ■—— Auckland Harb. Board, _ _ • 51 p.c., 1039 M 0 0 Otago Harbour Bd.. 51 p.c., 1038 (prin. & int. payable in London or N.2J.) — 104 e o

BANKS—• ' Australasia *9 15, 0 — Commercial of Aust, (ord,) ............ Commercial Bank Co. - 0 16 6 (Svdney) — 16 10 0 English, Scot. & Aust. 5 4 0 National of N.Z 4 18 0 27 New South Wales ... 27 7 6 15 0 New Zealand 2 9 6 — Union ot Australia .. 9 0 0 FINANCIAL— Dalgjety and Co 9 0 0 Abraham and Williams (pref.) W IV 0 Equitable Bldg. Co. . —— 8 0 Goldsbrough Mort .... »»■ 1 3 9 N.Z. Guarantee Corpn. (ord.) 0 0 0 0 6 6 N.Z. Loan and Merc. (ord.) - — GO 0 0 Well. Trust and Loan , 6 10 0 — Well. Deposit & Mortg. 0 9 6 — GAS— ’ Gisborne .......... — .• 0 10 0 INSURANCE— . National 0 12 9 0 13 6 New Zealand 2 u 0 1 0 MEAT PRESERVING— Gear 1 N.Z. Refrigerat. (10/-) 8 0 3 4 TRANSPORT— 1 Huddart Parker (ord.) v •! 2 0 — WOOLLEN— Wellington (ord.) ... —r 5 0 0 TIMBER— National , — 0 9 0 Leyland-O'Brien ...; 1 0 8 BREWERIES— New Zealand 1 6 — Staples and Co T. 1 16 Tooth’s 1 1. 6 1 2 6 MISCELLANEOUS---Burns. Philp and Co. 1 10 6 — 8 British Tobacco (ord.) 1 10 6 •1 n Dental and Medical .. 0 10 0 Electro. Zine (ord.) . 0 12 3 — Ditto (pref.) 0 17 3 Howard Smith (ord.) ■I 0 9 0 National Electric — 0 10 6 Wilson's Cement .... 1 19 8 — OIL— Blenheim ........... — •Cum. dividend. 2 6 0

Bank of New South Wales 27 10 0 8 15 0 Ditto 8 17 8 Commercial Bank of Aust, (2) ... 0 18 4 South British Insurance 2 12 8 Ditto 2 13 0 N.Z. Refrigerating, 10/- paid ... 0 3 3 Tooth's Brewery 1 2 0 AUCKLAND. £ s. d. Christchurch Drainage. Board., 51 p.c„ 1938-13 ' .94 0 0 Commercial Bank of Aust. 0 10 n National Bank of N.Z 5 5 0 South British Insurance 2 13 0 Devonport Steam Ferry 1 1 0 British Tobacco 1 10 6 Colonial Sugar ...........s.,... 31 0 o N.Z, Farmers' Fertiliser 0 13 6 Wilson's Cement (2) 2 0 0 1 1 6 King Solomon 0. 1 Do 0 1 F CHRISTCHURCH. £ s d Commercial Bank of Australia 0 18 2 Do. (2) A ........ 0-16 o Do. (2) 0 16 1 Do. (2) ". 0 16 2 v Bank of New South Wales .... 27 7 6 Union Bank of Australia ...... 9 0 0 Goldsbrough, Mort 1 3 0 Do 1 2 6 Do 1 2 in N.Z. Refrigerating, 10/- paid, J (2) 0 3 4 Do 0 8 3 Do. ...* 0 3 0 Do 0 2 10 N.Z. Breweries 1 16 11 Do. (2) 1 17 0 Tooth's Brewery (3) ' 1 2 3 1 1 2 Do 1 1 3 Do ,. 1 1 2 King Solomon 0 1 8 Do. 0 1 7i Okarito 0 6 9 Sales reported: Nat. Bank of Australasia, £5 paid (2) 5 5 0 2 1 3 1 17 3 British Tobacco, cum div 1 16 9 Commercial Bank of Australia 0 16 3 Christchurch Building Society 12 « 0 dunkdin. £ M d Sale on 'Change: 0 1 0 Sales reported: Commercial Bank of Australia 0 16 3 Goldsbrougfa. Mort (2) 1 3 9 Tooth’s Brewery (2) .......... 1 2 1

d. £ s. d. Console, -i P-C. •• Fund. Loan, 5, .1060-00 War Loan, 5, 1929-47 Convera. Loan, 3i P.c. Victory Bonds, 4 p.c. .. 57 93. 104 79 94 77 0 3 0 5 7 ■ 7 0 9 0 0 6 6 0 10 0 3 0 5 0 5 0 10 2 7 oiof Of Of Of Of Com’wealtlL 6. 1931-41 89 10 0 4 5 Of Victoria, 31, 1929-49 .. 54 15 0 1 15 Victoria. 3. 1929-49.... 57 7 6 2 7 6t Victoria, 54, 1030-40 .. Victoria, 5, 1932-42... Victoria, 4*. 1940*60 .. 82 73 71 84 0 10 0 5 0 0 0 0 4 0 1 10 3 10 0 10 Of Of Of Of NSW’, 3. 1935 71 10 0 2 17 Of N.S.W.; 31, 1930-50 .... 56 10 0 0 10 Of N.S.W..-5L 1922-32 .... NSW., 61, 1930-40 .. 87 8 » 0 15* 0 0 1 ll> 7 15 Of ot N.S.W., 6,’1930-40 .... 7U 0 0 3 0 Of Q’landj 5, 1940-60 .... Q’land. 3, 1922-47 .... 4 «■> 10 0 4 0 Of 51 0 0 1 0 Of Q'land. 0, 1930-40 .... 80 0 0 3 0 Of N.Z., 41, 1948-58 .... 92 15 0 0 12 Of N 7. 31 1940 80 0 0 2 5 Of N.Z.; 3," 1945 70 10 0 2 0 Of 102 15 0 same, 8. Austr., 3*.'1039 .... 07 0 0 0 10 Of 8. • Austr., 3,1916/after 48 10 0 1 10 O’ S. Austr.. 01, 1930-40 .. 87 10 0 1 10 Of Tasm„ 34, 1920-40 .... 67 6 6f Tasm., 3. 1920-40 .... 55 0 0 Same Tasin., 64, 1930-40 .... 89 15 0 9 15 Of W. Austr., 3*. 1920-35.. 81 10 0 3.15 Of W. Austr., 3, 1915-35 .. 69 15 0 2 15 Of W. Austr.. 6. 1930-40 .. 84 10 0 Same ’ fHiffher. •Lower.

N. York, dol, to £ 4.85 20-32 4.85 25-32 4.866 Montreal, dol. to £ 4.85 11-16 i 4.851 4.866 Paris, fr. to £ 124.145 124.093 124.21 Brussels, bel. to £ 34.845 34.855 85.00 05 255 25 245 O.’J Geneva, fr. to £ Amst'darn, fl. to £ 1242 12.115 12107 Milan,, lire to £ 92.755 92.725 92.46 Berlin, mk«. to £ 20.41 20.40 20.43 St’hoim, knr. to £ 18.14J 18.141 18.1B0 C'hagen, knr. to £ 18.161 18.165 18.159 Oslo, knr, to £ 18.16} 18.16} 18,150 Vl’na, gchgs. to £ 34.565 34.565 34.585 Prague, knr. to £ 164 164 184.25 Hel'fors, mks. to £ 193.125 193 193:23 Madrid, £ 44.70 44.45 25.225 Lisbon, esc. to £ 108.35 108.25 —— Athens, drach. to £ 375 375 375 Bucharest, lei to £ 817 817 813.6 Bio de J. p. to mil . 41-16 4 16 B. Aires, p. to peso. . 311-8 38 3-16 47.® M. Video, p. to peso. , 38 3-8 37 51 Calcutta, p. to run. 17 13-16 17 13-16 18 Shanghai, p. to tael 15$ 151 —— H.-Kong p. to dol. . 117-8 11 5-8 -w Y'hama, p. to yen 2413-32 2413- 32 24.58 Batavia, fl. to £ —■ 12.125 12.107

19. 29. 5. 12. lb. lb. lb. lb. d. d. d. d. Seventies — — 26 —• Sixty-fours 22 224 24 27 Sixties 20 21 25J Fifty-sixes 14* 15 16 Fifties ... 112 12 121 13 Forty-sixes • • • • • 92 10 104 114 Forties 91 10 104 114