FINANCE and COMMERCE

Dominion, Volume 24, Issue 160, 2 April 1931, Page 12

FINANCE and COMMERCE

STOCKS AND SHARES Woffington Exchange market steady at close The Wellington ohare market was steady yesterday and the demand was good considering that the Exchange will be closed for over a week from this afternoon. There was a moderate demand for Government securities. The 5$ per cent, stocks, 1041, were 6/- higher at £94/15/-; the 6 1-8 per cents., 1837, were unchanged at £95, and the 5» per cents, stocks and bonds, 1033, were firm at £99. Wellington Gas debentures were wanted-at £99, but there were no sellers. Bank shares were In fair demand and steady. Bank of Australasia at £lO wore up £>/-• Commercial Bank of Australia were 3d better at 14/9. National Bank of New Zealand were 1/6 higher at £5. Bank of New South Wales were In demand at £26/10/-, but sellers held for £27/2/6. Bank of New Zealand were firm at 49/6. Union Bank were 6d lowpr at £B/7/6. Australian Bank of Commerce were on sale at 16/6 and Commercial Bank of Sydney at £lO/10/-. t , Goldsbrough, Mort and Co. were wanted at 20/- with no sellers. Christchurch Gas at 24/6 were up 3d; Wellington Gas were steadv at 26/-. National Insurance were unchanged at 12/10. Gear Meat were firm at 28/6; and for New Zealand Refrigerating, 10/- paid, 2/7 was bld. Wellington Woollen preference wore again wanted at £4/10/- with no sellers. Leyland O Brien Timber were firm at 21/-. New Zealand Breweries were up 7d at 36/1, but Staples and Co. were down 6d at 33/6; Tooth and Co. were 5d better at ’O/11. Burns, Philp and Co. were steady at 30/-, and Colonial Sugar were firm at £29. New Zealand Drug at 53/1 were 5d down, New Zealand Paper Mills were steady at 16/-; there were blds of 54/-_for Whltcombe and Tombs, and 39/3 for Wil son’s Cement. Mount Lyell were up 6d at 19/9.

' Yesterday’s Quotations Buying and selling quotations at yesterday's final call on the Wellington Stock Exchange were as follow: —

•Cum. dividend. DEALINGS ON ’CHANGE Yesterday’s Business

Tile following sales were recorded on the stock exchanges of the Dominion yesterday : — WEDDINGTON. £ s. d. Mahaklpawa Gold Mining ... 0 0 10 AUCKLAND, find Govt bonds, 5f p.c., 1833 08 0 0 Mt Roskill Boro. GJ p.c., 1050 (3) 98 0 0 Mt. Eden Boro. 5J p.c., 1060 08 0 0 Commercial Bank of Aust. ...... 0 15 2 Eng., Scot., and Aust Bank (late sale) 5 5 6 Bank of New Zealand 2 11 0 Auckand Gas (2) 13 3 Devonport Steam Ferries 1 1 0 Mount Dyell 1 0 0 King Solomon 0 1 8 CHRIS TCHUBCH. £ s d Bank of New Zealand 2 10 2 N.Z. Refrigerating, 10/- paid (4) 0 2 10 Do. (6) 0 2 11 N.Z. Breweries (G) 1 16 . 6 Do 1 16 7 British Tobacco (2) 1 10 0 Mount Lyell 10 3 Mahaklpawa (2) 0 0 10} Do. (2) 0 0 10 Do 0 0 9J Do. (2) 0 0 3 Do., pref ;.... 0 0 0 Sales reported:— Union Banjc of Australia 8 10 6 N.Z. Refrigerating, 10/- paid . 0 2 10 N.Z. Breweries 1 10 6 British Tobacco 1 10 3 DUNEDIN. £ s d Sales reported— Okarito (2) 0 7 8 Do 0 7 5 LONDON STOCK EXCHANGE Banks and Debentures (Rec. April 1, 5.5p.m). Dondon, March 31. On the London Stock Exchange to-day, quotations <if bank shares and other corporation debentures and stocks compare with previous quotations as follow:— Mar. 17. Mar 31. Banks — £ s. d. £ s. ,d. Australasia 8 5 0 8 17 6 New South Wales .. 23 0 0 23 2 6 Union of Australia 7 0 o'7 0 0 National of N.Z. ... 4 10 4} 4 17 6 New Zealand, 4 p.c. guar, stock 95 0 0 96 5 0 N.Z. shares 2 6 0 2 7 6 N.Z. Loan and Mercantile first mortgage, 4 p.c. debentures 68 0 0 6810 0* N.Z. loan and Mercantile ordinary stock 53 0 0 58 0 0 •Ex dividend. Price of Gold Lower London, March 31. The price of gold to-day was quoted at 84/9} per fine ounce. AUCTION SALES TO-DAY. To Ore Ore, 1 p.m.—Sale of Timber (NJS. Farmers’ Co-op. Assn.). 8 Wiliest on St., 10.30 a.m.—Furniture (E. Johnston and Co.). Woolworths Bldgs., Cuba St., 1.50 p.m.— i Furniture (Silverstone and Co.). i Mart, opp. Regent, 2 p,m.—Furniture (Ramsay Wilson and Co.). i 01 Dixon Street, 1.80 p.m.—Sale furniture I (Cl W. 1

| WOOL MARKET FIRM Substantial Rise in London KEEN GENERAL COMPETITION Loudon, March 81. Offerings at th* last wool sale of the series, held to-day, amounted to 6338 bales, Including 3109 bales New Zealand wools. The wool may ho described as a miscellaneous selection. The sales have closed firm. A feature of the series has been the strong competition from all buying centres. Prices as compared with January closing sale rates showed Merinos, finest, 10 to 15 per cent, higher; average lines, 15 to 20 per cent, higher; faulty and carbonising sorts were fully 10 per cent, higher. Crossbreds, finest qualities, were 25 per cent. up. Medium crossbred wools were 20 per cent up; lambs, Merinos, were 10 per cent, better, and lambs, crossbreds, were 20 per cent, dearer. The quantity for the series was 109,163 bales Of this the House trade took 80,000 balesi the Continent 70,500 bales, the United States 1000 bales. The quantity held over was 59,000, of which 50.000 were not offered The total Australian wool sold was 84,000 bales, and New Zealand 45,000 bales. „ , , . Realisations of New Zealand wools included greasy crossbreds. "M.P., 91<j; ’’Okara,’” 9Jd to Bsd; “Kohata,” 94d to 9d; “Bur," 9d to SJd.

A GOOD CLEARANCE Home Trade Chief Buyers Dalgety and Co., Ltd., have received the following cable message dated London, March 31, from their head office:—Sales closed active with good general competition. Home trade principal operators; good support from Continent. As compared with closing rates of last series, Merino greasy, 2sd to 3d higher: Merino scoured 2Jd to 3jd higher; halfbred greasy, 2|d to 3d higher; crossbred fine greasy, 2sa to 2id higherj crossbred medium and coarse, greasy, 2d to 2Jd higher; crossbred scoured, 2sd to 3jd higher y good slipe, 2id to 3d higher; average to inferior «“P e ',^ d 2»d higher; lambs, greasy, Id to 2d higher, pieces and bellies, 2id to 3d higher. The total quantity offered was 159,213 bales, and the total quantity sold was 151,500 bales. The Home trade bought 80,000 bales, the Continent, 70,500 bales, and America 1000 bales. The carry forward was 59,000 bales, of which 50,500 "“The ran e ge n of & the March series compares as follows with that for the January-February series:— March. Jan.-Feb.

The New Zealand Farmers’ Co-operative Distributing Company, Ltd., have received the following cable message, dated London, March 31:—Wool sales closed to-day. Prices compared with opening rates, Merinos -$d crossbreds id, Jd, slipe id, id dearer. Market firm. AU Sections Operate Freely.

Murray, Roberts and Co., Ltd., are in receipt of the following wool market cablegram from their London agents, dated March 31: —Sales have closed with a good tone, competition good. All sections operating freely. Compared with last London sale’s closing rates, greasy Merino, best descriptions, advanced 20 per cent.; greasy Merino, other descriptions, advanced 25 to 30 per cent.; scoured Merino, best, advanced 20 per cent.; scoured Merino,: other descriptions, advanced 15 per cent.; crossbred greasy, comeback and fine, advanced 30 per cent.; crossbred greasy, medium and coarse, advanced 25 to 30 per cent.; slipe, fine crossbred, advanced 20 to 25 per cent.; slipe crossbred, other descriptions, advanced 25 per cent.; crossbred scoured advanced 20 to 25 per cent. Levin and Co., Ltd., have received the following cable from their London agents, dated March 31:—The auctions closed here to-day with a good tone, and buyers generally operating freely. As compared with values current at the opening of this series, the movements are:—Greasy Merino, best, no change; average, id per lb higher; fine halfbreds. 50/56’s, id per lb higher; halfbreds, 48/50’s, fine crossbreds, 46/48’s, medium crossbreds, 44/46’s, coarse crossbreds, 40/44’s, low crossbreds, 36/40’s, all id per lb higher; scoured crossbreds, id to Id per lb higher; scoured Merinos, Id per lb higher; slipe wools generally’id to Id per lb higher. The New Zealand Loan and Mercantile Agency Company, Limited, have received the following advice from their London House, dated March 31:—The sales closed firmly to-day. As compared with last sales’ closing rates prices are higher 2d to 2Jd per lb for Merino and crossbred lambs, greasy Merino medium, greasy Merino inferior, greasy crossbred and coarse crossbred slipe. Prices are higher 2sd to 3d per lb for scoured crossbred and medium and fine crossbred slipe. Prices are higher IJd to 2d per lb for creasy Merino super, and 3d to 4d per lb higher for scoured Merino. ' The Bank of New Zealand produce department has received the following advice from its London office under date March 31:—The sales have closed firm for all kinds of wool. Current quotations for wool of good average condition:— Merinos, 60/64’s, 12d to 13*d per lb: Merinos, ordinary. 60/64's, lOd to lid; Merinos, inferior. 60/64’s, 81d to 9id; halfbreds. 56’s, 10$d to MJd; halfbreds 50/56’s. Old to lOld: crossbreds. 50 s. 9d to lOd; crossbreds, 48/50’s, Ssd to Ojd; crossbreds. 46/48’s, 81d to 9sd; crossbreds 44/46’s, Sid to BJd; crossbreds, 40/44’s, 7sd to B}d; crossbreds, 36/40's, 7}d to Bsd.

SHARE VALUES Upward Trend for Quarter The Wellington Stock Exchange will close at noon to-day for the Easter vacation. and business will not be resumed until 9 a.m. on Monday April 13. With the end of the first quarter of the year it is pleasing to note that share values generally have tended upwards; some have remained unchanged, but very few are lower. The first meeting of the Exchange this year was on January 12, and for some time business was very quiet, in fact it was not until early last month that any improvement was noted. Government securities have remained steady, with no quotable variation in prices. Latterly the demand has increased, and as sellers are scarce, prices are likely to improve.

Bank shares, with one exception, show Improvement on the prices ruling in January, and in the table appended actual realisations in January and March are

The Bank of Australasia shows a very marked Improvement. Bank of New South Wales Is lower by 2/0, but this means scarcely anything for last week. The shares sold at £27/7/0 and £27/12/0, and £27. All bank shares are flrm, and It would seem that so far as market values are concerend rock bottom has been reached. Insurance shares have more than maintained their values. New Zealand were sold in January at 41/-, and last week they changed hands at 42/-, and South British Insurance at 56/- show an Improvement over the period. Insurance shares seldom vary much lu price, except when there are market rumours of pending issues of bonus shares. In financial shares, Dalgety & Co. show a substantial gain, and improvement Is shown by Goldsbrough, Mort, & Co., but Now Zealand j

Guarantee Corporation failed to maintain their position. Other shares admit of the following comparison:—

ADDINGTON MARKET [

Big Sale of Store Sheep

PRICES IRREGULAR By Telegraph—Press Association. z Christchurch, April 1. At tho Addington market to-day the entries In the fat stock sections were smaller than usual. There was the heaviest entry of the year In the store sheep section. Store Sheep.—For coarse-wooled young sheep a slight advance was recorded, but the?* was a decliaa of up to 2/--a head for unattractive older ewes. Values. Extra good 2-tooth Romney cross ewes, 21/9 to 23/3; good, 16/- to 19/-; extra good 4-toolli Romney cross, 18/3 to 19/8; ordinary 4 and 6-tooth to 12/9; extra good 6 and 8-too.h to 18/3; extra good 2-tooth bred ewes to 22/-; good, 15/G to 18/-; ordinary, 10/- to 13/6; good 4 and 6-tooth to 17/9; ordinary, 10/- to 13/-; plain, to 9/-; ordinary 6 and 8-tooth, to 10/-; ordinary, 6/- to B /-: s.m., 4/- to 7/-; extra good 2-tooth half bred ewes, 17/- to 19/-; good, 13/6 to 16/-; ordinary, 10/- to 12/6; plain, 7/- to 9/6; extra good 4 and 6-tooth, to 17/6; good, 12/- to 14/-, ordinary 4,6, and 8-tooth, 8/- to 9/9, s.m., 4/- to 6/-; good 4 and 6-tooth halfbred wethers to 11/2; ordinary, to 7/7. Store Lambs.—A heavier entry with values easier by 1/- to 1/6 a head. Values were. Good rap* lambs, 10/- to 11/7; ordinary rape lambs, 0/0 to 9/-; small and backward, 2/- to 6/-; ordinary ewe, 6/10; medium "I’a^Lambß.—An entry of 3000 sold steadily at late rates to a keen demand. Values were: Prime lambs, to 15/10; medium, 13/6 to 14/9; light, 11/- to 18/-; store, 8/6 to l°Fat sheep sold irregularly, with ewes on a par with last week’s rates and wethers a shade easier. Values were: Prime heavy wethers, 13/6 to 16/10; medium, 11/9 to 13/-: light, 6/- to 8/-; prime ewes to 10/10; medium, 7/6 to 9/-; light, 5/6 to 7/-; aged, Cattle.—A splendid quality entry of only 265 head. The market opened up to £2 a head better, but eased to last week’s level. There was an average advance of £1 a head for all classes. Choice beef made from 32/- to 35/6 per 100 lb; good medlumwolght beef, from 28/- to 32/-; plain heavy beef, 25/- to 29/-; cow beef, 23/- to 27/6; secondary, 19/- to 22/-; and rough down to 16/-. Values were: Extra prime heavy steers, to £l7/17/7; prime, £l2/10/- to £l5; prime medium-weight, £9/5/- to £l2; medium quality, £7 to £9; light, £4/12/6 to £6/10/-; extra prime heifers, to £l2 12/6; prime, £B/10/- to £11; medium, £6 to £8; light, to £5/10/-; extra prime cows, to £l2/2/6;' prime, £8 to £lO/10/-; medium, £5/10/- to £7/10/-; light, to £5.

BURNSIDE SALE Mutton and Lamb Firm By Telegraph—Press Association. Dunedin, April L Fat sheep sold at higher rates at Burnside to-day. There was a keen demand. Prices for wethers showed an advance of 1/- and for ewes from 1/- to 1/6 a head. Fat cattle opened at prices on a par with late rates. Values improved to 7/6 a head for good prime bullocks, but the market eased later and prices closed at last week’s rates. There was a good demand for lambs and prices were a shade firmer. Baconere and porkers sold at firm rates. Values for store pigs were unchanged. Fat cattle numbered 105 head, including a number of prime bullocks, a good proportion of cows and a few prime heifers. Heavy prime bullocks sold to £l4; medium, £l2 5/-; light, £9/10/-; prime heifers, £10; medium, £8; light, £6/10/-; heavy cows, £9/5/-; medium, £8; light, £6/15/-. The sheep entry comprised 899 head. Extra prime wethers sold to 17/-: prime, 11/9; medium, 10/6; prime ewes, 11/3; medium, 8/3; light, 5/9.

About SOO lambs were offered. The yarding was of mixed quality. Extra heavy lambs sold to 16/7; prime heavy, 14/6; medium weights, H/6; light weights, 8/9. About 100 head of store cattle were yarded. Prices were unchanged. Inferior quality steers sold to £l/13/-; one and a half-year-old heifers, £l/15/-; medium steers, £l/10/-. The pig entry consisted of 44 fats and 20 stores. Prices obtained for porkers were equivalent to 7sd, and for baconers ssd a lb.

Waipukurau Sale Prices In the presence of a moderately large attendance of buyers, including several from ns far afield as Masterton, the weekly Waipukurau stock sale was held on Tuesday. The yarding of cattle was somewhat similar in quality to that of last week, but as in the case of sheep, the number of offerings was much smaller. Values of beef were consistent with those ruling of late, but a marked improvement in the sheep section was evidenced, bidding being quite animated for.most lines. The advent of a beneficial rainfall doubtless contributed to the brighter tone. Prices , were as follow:—Fat cattle: 2 weighty P.A. bullocks, £7; 1 medium P.A. cow, £4; 2 well-conditioned P.A. cows and 2 heifers, £5; 2 P.A. cows, on light side, £3/10/-. For 1 P.A. steer (medium) no bld was elicited. Stores: Good line. 41 18-months P.A. steers (bohalf Mr. Palmer, Maraetotart), £2 18/6: 137 2J-year steers' (do.), passed at £3/10/-; 7 fair quality P.A. and Hereford steers (18 months to 2} years), from same quarter, passed at £2/5/-; 41 weaner ao. brought 3a/-; 10 well-bred Jei*sey weaners, passed, 30/-; 3 poor Jersey heifers, passed, 2/0; 1 medium weaner do., no bld; 8 other do.; 3 Jersey cows (medium), in calf, sold Fat sheep: 31 good quality lambs, 11/3. Stores: 338 aged ewes, poor condition, 9d; 3u7 good wed lambs (McDonald Bros. Mangatarata), 7/6; 165 forward m.a weds (big framed). 8/-; 191 good big framed 2tooth weds, 8/10; 360 4-6-tooth ewes, an extra good big framed line, from Omakere Station, were sold in three lots. viz. 120 at 10/-. 160 at 15/9, and 80 at 15/-; 141 well-conditioned 4-year ewes, from the same quarter, 11/-; 235 small mixed S.D. lames also from Omakere, 5/7; 166 medium wed do. (Omakere), 6/8; 224 medium ewe do. do rB a/«-’ 1RR 8: Ins 1 n 5 e j°‘l big frame d wed Uo., 6/6, 186 small wed do., passed, 4/9; 124 medium aged ewes (Mount Vernon). 8/-; 20 poor but good-mouthed 5-year do.. 1/9- 17 medium S.D. lambs, 5/9; 61 m.s, small lambs, 2/11; 86 aged empty light ewes, 2/6; ? “ I e a dlU^ 2 - t o ooth do ” 8/11 • 102 Sood m.s. lambs, 6/7; 67 medium S.D. do.. 6/4’ 73 good do. 2-tooth weds. 7/3; 51 2-tooth ewes 11/ ff ” 0 4‘> q ’' al n ty Rnd big franled (Omakere/ •»>

Pahiatua Prices Dominion Special Service ~ .. „ , Masterton, April 1. 7 tb i° T Pah,atua sale yesterday, the New Zealand Loan and Mercantile Agency offered a yarding of approximately 1000 sheep, which attracted a good attendance of buyers from local and outside districts Prices throughout showed good advances on recent sales’ reports. There was a particularly keen inquiry for two-tooth wethers, the best lines making close up to 10/-. There was also keen inquiry for the best lines of breeding ewes. Prices were-— Sixty-nine two-tooth wethers. 9/9; other ’•"/s. 8/10, 9/ ’’ 9/0 t 0 9 / 10 : b - f - two-tooths. 9/6; 224 tour, six and f.m. ewes r.w. Romney ram, *l2/1 to 12/7; 104 two-tootii do.. 14/-; aged ewes r.w. Southdown ram 6/1 to 8/10; best woolly wether lambs, 7/8 to 9/2; ewe lambs, 11/-; small lambs, 4/6 to 5/6.

N.S.W. Pastoral Industry

The Government Statistician has issued figures showing that at the end in ns, year there were approximately 49,870,090 sheep and lambs in the State of New South Wales, compared with 50,750,000 during 1929. Tlie estimated total production for 1930-31, including skins and wools, was 430,900,0001 b, nearly 30,000,0001 b less than in 1929. The value of this season’s clip shows a decline of nearly £5.000,000 compared with 1929. the actpal. value in that year being £20,123,000.’-’

JC.3 5. GOVT. LOANS— p.e. Insc. Stk., 1033 Buyers. Sellers. £ s. d. 93 0 0 £ a. — d. S p.c. ditto, 1941 ... 94 St 0 s 0.0. ditto. 1037 .. 05 0 0 96 10 0 5l n.c. ditto and - Bonds, 1033 80 0 04 p:c. Bonds, 1037 ••• — DKBOTUKE8- _ _ _ 0 96 10 0 Well. Gas Co DO 0 0 . —— BANKS— Australasia •. 10 0 0 10 10 0 Aust of Commerce .. — 0 16 0 Commercial of Attst. 0 14 (ord.) . ............. Commercial Bank. Co. 9 —- 16 10 5 10 English, fe'eot. & Aust- — 0 0 National of N.Z New South Wales .... 5 0 26 10 0 0 27 ~3 6 New Zealand Union of Australia .. 2 9 8 7 6 6 — FINANCIAL— Dalgety and Co 8 2 0 Equitable Bldg. Co. . —— 8 7 6 Goldsbrough Mort ... 1 0 0 — N.Z. Guarantee Corp. (ord.) • •0 6 6 N.Z. Loan and Merc. (ord.) ■ 1 ■ 68 0 0 Finance, Ltd. (fully pd,) — 0 15 9 GAS — Christchurch 1 4 6 — — 0 10 0 Wellington (ord.) ... 1 6 0 — Ditto Ipref.) 0 15 6 — INSUEANCE— 0 12 National 10 — New Zealand —- 2 2 0 MEAT PBESEBVING— Gear 1 8 N.Z. Refrigerat. (10/-) 0 3 7 0 2 LI TR? LN SPORT— ddart, Parker (ord.) Hu — 1 2 6 WOOLLEN4 10 Wellington (pref.) ... 0 — TIMBER— National ... — 0 9 0 Leyland-O’Brien .-u. 1 1 0 BREWERIES— 1 10 New Zealand .. — Staples and Co. 1 13 6 1 17 6 Tooth’s «... 1 0 LI 1 2 0 MISCELLANEOUS—• Burns, Philp and Co. 1 10 0 — Colonial Sugar Consol. Brick and Pipe 29 0 0 82 0 0 MM 0 11 0 Dental and Medical .. —— O 10 0 National Electric ...; — 0 11 0 N.Z Drug 2 13 1 MM N.Z. Paper Mills 0 16 0 — Whltcombe & Tombs 2 14 0 —M Wilson's Cement .... 1 19 8 2 0 8 OIL— Moturoa — 0 3 6 Taranaki — 0 2 J MINING— Mount Lyell 0 10 9 ' MM Okarito 0 , 7 3 mH.

d d d d MerinoGood to super .. 12 to Low to medium. 8} to Hi Halfbred, 58/58 — Good to super . 111 to 13 — to Low to medium . 8} to 101 6} to Halfbred, 50/56 — Good to super . 91 to Mi to Low to medium .. 8 to Qi 61 to 71 Crossbred, 40/44 — Good to super .. 8 to 8} 6 to bi -Low to medium .. 61 to 71 44 to 61 Crossbred, 36/40 — Good to super .. to 8 5} to 0 Low to medium .. 6i to 71 4} to 51 Fine crossbred, 48/50 — Good to super .. Qi to 10} 7 to 71 Low to medium .. 71 to 9 5 to 6 Fine crossbred, 46/48 — Good to super .... 9 to 101 6} to 71 Low to medium .. 71 to 81 4} to 01 Crossbred, 44/46 — Good to super .. 8i to »1 61 to fit Low to medium .. 7 to Si 4} to 6 \

given:— Banks— January. March. £ 8. d. £ 8. d. Australasia 8 12 6 11) 5 a Aus. Bank of Com. .. 0 15 3 0 16 i+ Commercial 0 14 0 0 14 i) New Zealand 2 0 3 Q 0 a National of N.Z 4 17 0 5 0 0 Nat. of Aust., £5 paid 4 10 3 5 0 New South Wales ... 27 2 6 27 0 0 ' Union 8 2 0 8 10 0

January. £ s. d. Mareh. £ 8. d. Dalgety & Co 6 12 8 7 10 0 Goldsbrough, Mort .. 0 17 0 1 1 6 N.Z. Guarantee Corp. 0 0 0 0 0 4 N.Z. Refrig., 10/- .... 0 1 1 0 3 4 N.Z. Brewerleg 1 15 3 1 15 3 Staples & Co 1 15 0 1 15 0 Tooth's Brewery .... 10 0 1 1 5 British Tobacco 1 8 0 1 0 9 Colonial Sugar 30 10 0 31 5 0 Wilson's Cement .... 1 18 0 2 0 0 Mourrt Lyell — 0 17 6 0 10 0