FARMING AND COMMERCIAL

Manawatu Standard, Volume L, Issue 114, 10 April 1930, Page 5

FARMING AND COMMERCIAL

JERSEY CATTLE CLUB. INTERESTING FIELD DAY. Under the auspicos of tho Manawatu Jersey Cattle Club a most successful fiold day was conducted at tho homestead oL Mr H. J. Lancaster, Glen' Oroua, yestWday afternoon. Mr E. D. McLennan, of Papakura, who is a woll-known judge, and demonstrator, and Mr J, McLindon, M.R.C.V.S., of Massey Colloye, woro tho speakors. Dospito tho fact that tho local stock salo prevented some farmers from attending, thoso present enjoyed a most instructive and educational afternoon, information being given of vital importance in regard to Jersoy cattle and diseases with which they havo to contend. Mr C. G. C. Denner, a woll-known stock breeder, of Cheltenham, introduced Mr McLonnan to tho gathering and statod that tho Manawatu Jersey Club was fortunate in getting Mr McLonnan to attend and ho was sure tho speakor would give an interesting and instructive address.

Mr McLennan commenced his remarks with a brief outlino of tho introduction of Jersey cattle into Now Zealand. Jersey cattlo when first brought into this country were not vory eagerly sought after and farmers wero reluctant to introduce tho strain into thoir herds. It was only aftor the capabilities of the brood in regard to increased production qualities wero proved that tho Jorsey bccamo moro favourably accepted. To-day Jersoy cattlo were recognised throughout the country not only a 3 wondorful producers, but also as combining quality of butter-fat and low cost of production. Tho Jersey was now regarded as the most economical cow the farmer could have. As a result of tho introduction of tho Jersoy tho exports of butter and cheoso increased very appreciably. Mr McLennan then proceeded to demonstrate tho points which constitute tho typical Jersey cow that is constitutionally sound. "Prominent bright eyes, good shapely head with fine incurving horns, broad muzzle and Btrong underjaw are features which epark the true Jorsey. The neck must bo long and merging nicely into the shoulders, tho ribs well sprung and tho backbone well defined, and extending well up botwoen the shoulders, to possess tho qualifications of tho characteristic Jorsey. In addition, tho body should taper to the flank whilb tho milk voins should bo easily tracod. Tho udder is wide and is coupled high; tho teats aro well placed and milk wells are copious. Such points as these denoto constitution, capacity and high condition.” Tho speaker strongly favoured herd testing and stated that in tests mado under the strictest supervision the Jersoy breed topped the list of merit. Mr McLennan also favoured liboral top-dressing and advocated the pastures being fed when young. . Mr McLennan then answered a number of quostions, one of which should be of great interest to all farmers. Every year there aro soveral deaths through cows having bccomo blown, and in answer to a question concerning a remedy the speaker recommended tho use of cold tar. Ho said that if tho tongue was pulled out, and the back of tho tongue swobbod with _ cold tar, it would bo found to bo the quickest and most effective cure. Mr Lancaster expressed pleasure in introducing Mr McLinden who dealt with diseases in stock. In tho autumn young stock woro often found to havo stomach worms, and tho symptoms wore found in the eyes becoming dull, lacking vitality and spiritod appearance, roughness of tho coat, warm breath, and saliva being pasty and in advanced cases profußo diarrhoea followed. Tho remedy recommended consisted of 4oz of copper sulphate in a gallon of water, the dose being 2ozs, for a small calf up to 6ozs for a large calf. • The speaker went on to deal with many other diseases and advised tho farmers of tho most effective CU Mr A. Buchanan, on behalf of thoso prosent, expressed their gratitude to the speakers for their most instructive addresses and called for . three hearty cheers which wero givon with enthusiasm. Tho gathering thon partook of afternoon tea which tho ladies had prepared. A vote of thanks was aooorded Mr Lancaster for tho uso of his farm for tho field day. A vote of thanks was also passed to Mrs Lancaster and tho ladies present for preparing afternoon tea. Mr Dormer will be leaving for the Old Country shortly and intond3 visiting Jersey Island. Upon his return he will be in the position to give information of importance to Jersey breeders in this country. WOOL PRICES. BELOW COST OF PRODUCTION. ’ GRAZIER’S FIGURES. “Tho whole of the primary products of Australia aro to-day returning loss than they cost to produce. Personally, I cannot seo who is going to pay tho Government tho money to carry on with. Many men could pay nothing. The only way to carry on is for tho highest to the lowest to come down in salaries and wages.” In theso words Mr S. N. Austin, of Wambianna Station, Trangie, a well-known stud-breeder, suggested a solution of tho present financial difficulties in Australia in an address to the local branch of the Graziers’ Association. He quoted in detail tho actual costs and returns in connection with his own- proporty to emphasise the seriousness of the position. As a result of tho reduced wool prices and of the decrease in the salo of stud sheep from £2OOO last year to £BOO during tho present season, V° has dismissed ■■all hia employees except four, and has closed portion of his house, he and his wife doing the housework. Tho Wambianna clip for 1929, Mr Austin said, amounted to 310 bales, the number of shcop shorn being 11,402, of which 3224 were lambs. Tho gross proceeds in Sydney for tho wool marketed wore £4814 8s Id, equivalent to 10.87 d per lb. irom this had to bo doduoted the selling and insurance costs of £172 5s lOd, leaving a balance of £4405 7s 9d actually paid. The cost of shearing, crutching, and cartage of wool from shed to rail was £909 2s 6d, which did not include musterors or any station hands, making the actual net clip £3496 5s 3d, equivalent to 7.89 d per lb. It cost 2.98 d, or, say, 3d.por lb to harvest and market the clip, which on an average cut of 9.31 b was equal to 2s 4d per shcop, which left nothing for tho grower. Mr Austin explained that the gross average price of his wool was 10.87 d per lb, while tho wholo of tho wool sold during, the week was 12d; thoreforo his wool was 1.13 d below the average. “Tho present averago price of wool is 9.7 d, leaving me a gross averago of 8.57 d on present pricos. But whon the class of wool now selling is taken into consideration (much higher value wool than when I sold) there is a further drop of lid per lb, giving the present value of my clip, gross, 7d per lb averago, as against 10.27 d this year. So, if expenses aro 3d per lb; tho same as this year, I shall not 4d on the average clip of 9 lib, equal to 3s lid per sheep, and I feel that this will not be very wide of tho price we will realise, as against 6s 1.3 d last deferring to tho cost of labour, Mr Austin said, that ono man at 853 meant £22i per annum. With the cost of compulsory insurance and endowment (£35), the cash out of pocket for the four men amounted to £919 With other incidentals it brought the total to £IOOO per annum. Things had been as bad before, he continued. In the ’9o’s the highest price obtained for wool was Is, but there was no land tax. no workers’ compensation insurance and no family endowment. Shearers were paid 15s per 100, boys 10s per week, and station hands £1 per week. As manager of tho station, with all responsibilities, himself received £IOO per annum, and lust made ends meet. . 3 “And how are we going to get .on now with present shearing rates?” inquired Mr Austin “For hand-shearing rams tho rate is £5 Os 4d per 100, special stud ewes 75s 6d per 100, stud lambs 54s per 100, day rato P 23s Id per.day. The men are found everything; including shears, oil, and sharpening stones.)’ ■ FRENCH WOOL TAXATION. PARIS, April 8. M Tardieu, Prime Minister of France, informed a deputation from the woollen industry to-day that the Government would be granting tax reductions on wool amounting to £500,000. He promised to carefully examine the whole system of wool taxation.

STOCK MARKET. SALE AT ADDINGTON. EASING OF VALUES. Per Pross Association. CHRISTCHURCH, April 9. Heavy entrios in all tho major departments wore the rule at Addington to-day. In the fat stock Boctions especially, tho offocts of the prolonged spell of dry weather were very noticeable. The sale on tho whole was a vory disappointing one to vendors, and casings in valuos were recorded for fat lambs, fat sheep, store sheep, and fat cattle. The export buyers wore not operating at all freely owing to congestion at tho works at present, and their limited buying in tho fat sheep and fat lamb dopartmonts was in part responsible for tho decline in values. Store Sheep.—A largo yarding of adult sheep mot with a very dragging sale, which showed an easing tendency. Lines from Marlborough and tho Chatham Islands \fore included in tho yarding. Store lambs were penned in very small numbers and sold at late rates. Values wore: Extra good two-tooth Romnoy Owes to 30s 6d; good two-tooth Romney owes to 27s 6d; medium two-tooth Romney ewes, 22s to 245; ordinary two-tooth Romney owes to 21s; ordinary four and six-tooth Romney owes, 20s 6d to 235; four, six and eighttooth Romnoy ewos, 16s to 18s 3d; s.m. Romnoy ewes, 15s to 16s 6d; f.m. Romnev ewes, 10s 6d to 13s; extra good two-tpoth halfbrod ewes, 26s to 28s; ordinary two- ' tooth halfbred owes, 20s to 225; backward two-tooth halfbred owes, 15s 6d to 19s; four, six and eight-tooth halfbred owes, 13s to 17s; s.m. halfbred owes, 14s 6d to 16s 6d; f.m. halfbred ewes, 9s to 12s; aged and backward halfbred owes, 2s 6d to 6s; medium two-tooth throe-quarterbrod ewes, to 245; medium four and six-tooth throequarterbred ewes, to 25s 3d; s. and f.m. throo-quartorbred ewes, 9s to 12s; modium four- six and eight-tooth halfbred wethers, to 17s; ordinary four, six and eight-tooth halfbred wethers, to 12s 6d; two-tooth halfbrod wethers, 12s to 13s 9d; ordinary fourtooth Romnoy cross wethers, to 17s; Merino wethers, to 6s 3d; rape lambs, 13s to 15s; modium m.s. lambs, 10s to 12s 9d; backward wether lambs, to 7s 6d, Fat Lambs. —An entry of 3450 head compared with 2730 last week. The quality was fairly good on an averago. Export buyersworo not operating at all freely, owing to tho present congestion at tho works. Values all round were easier by Is and up to 2s a hoad. Tho averago price per lb was 6Jd to 74d. Values were: Extra prime lambs, to 27s lOd; prime, 22s 6d to 255; modium, 19s 6d to 225; light, 15s to 18s 6d. Fat Sheep.—Tho largest entry for some weeks of shcop of very good averago quality. Due partly to tho over-supply, and partly to the limited operations of the export buyers, values wero easier than at last week's sale. Ewes declined up to 2s a head, and wothers by up to Is 6d a head. Values were: Extra prime wothers, 32s 4d; prime wethers, 25s 6d to 27s 6d; medium wethers, 22s to 24s 6d; light wethers, 17s 6d to 21s 6d; extra primo owes, 21s 4d; prime ewos, 17s 6d to 19s 6d; modium ewes, 14s to 16s 6d; light and aged, 9s to 13s. Eat Cattle. —An entry of 580 head, almost as big as at the treble market in December, and the largest this year. Tho quality was very mixed. The salo was an irregular one and values wero easier for all classes by £1 and up to £1 10s a head. Best modium weight prime beef made from 37s to 40b per 1001 b, and in the case of Si few odd pens a little more; medium quality from 32s to 35a per 1001 b; heavy steer beef, 32s 6d to 36s 6d; good cow beef, 29s to 32s 6d; secondary, 23a to 27s 6d; and light and rough down to 225. Values were: Extra heavy prime steers to £l9 17s 6d; heavy prime steers, £ls to £l9 17s 6d; heavy prime steers, £ls to, £l7 10s; medium weight primo steers, £l2 to £ls 10s; ordinary steers, £8 15s to £ll 10a; light steers, £6 10s to £8 ss; show heifers to £ls 12s Gd; extra prime heifers to £l4 12s 6d; prime heifers, £lO to £l2 10s; ordinary heifers, j’,7 10s to £9 10s; light heifers, £5 10s to £7; show cows to £l6 17s 6d; extra prime cows to £l4 12e 6d; prime cows, £9 10s to £l2; medium cows, £7 to £9; light and aged, £4 10s to £6 10s. Vealers.—There was only a medium entry and all killable sorts sold at least week t, rates. The top price was £8 6s. Good runnels, £5 5s to £6 ss; medium, £4 to £5; others, 10s to £3 10s. Dairy Cattle. —An entry of 83 head, with the quality average. The best price was £2O 10s, secured for a springing heifer Jersey cross. Values were: Best sound and third calvers to £ls 10s; medium to good, £9 to £l4; aged and inferior, £4 10s to £8; extra good heifers to £2O 10s; good, £ll to £l3; medium, £9 to £lO 10s; others, £7 5s to £8 10s.

Store cattle were yarded in fair numbers, and most of them showed the effects of the shortage of feed during the dry spell. Very few straight lines were offered. A pen of mixed sex two-year-olds of good colours mado £5 8s 6d, and a pen of 18 months old heifors brought £3 18s 6d. Good fresh cows made up to £6. A medium yarding of bulls Bold at late rates, heavyweights bringing up to £l2 3s 6d and medium sorts up to £6. Fat pigs.—Eat pigs again were in heavy supply, there being large entries of born porker* and baconera. Tho sale was a good ono for both sorts and prices were firm ut late rates. Choppers, which were in orersupply, were slightly easier. Values were: Good choppers to £7 13s 6d; others, £2 to £5 ss; porkers, 48s to 525; heavy porkers, 56s to 635; average price per lb, 7|d to 9d; baconers, £3 10s to £4 3s 6d; heavy baconers, £4 5s to £ss sd; extra heavy to ff> 14s 6d; average price per lb, 6d to 7d. Store Pigs.—There was a medium entry in tho store pig section, and it consisted largely of slips and weaners. Large sorts were scarce and the few offered were keenly sought. Prices for tho rest of the entry were considerably easier. Values were: Large stores, 42s to 475; medium, 35s to 40s; slips, 20s to 235; best weaners, 12a to 15s; other®, ,8s to 10s 6d. SALE AT WESTFIELD. Per Press Association. AUCKLAND, April 7. At Westfiold to-day ox beef was offered in well up to the usual numbers. The quality was well up to standard, and, selling under setady competition, values remained firm at late rates. Prime heavy bullocks realised £l4 5s to £l4 15s; medium price, £l2 17s 6d to £l3 ss; light, £lO 12s 6d to £l2. , , . Cow and heifer beef was also yarded in well up to average numbers, and tho quality was first-class. The demand was good and at times values were inclined to be better than late rates, but taken generally tho market was firm. Heavy primo young cows and heifers realised £8 2s 6d to £9 17s 6d; medium prime, £7 5s to £8; light, £6 12s 6d to £7 ss; unfinished cows and heifers, £5 to £6. Extra choice ox boef sold at 37s to por 1001 b; choice and prime, 34s to 365; plain and secondary, 32s to 335; prime young cow and heifer, 30s to 335; ju3t killablo, 25s to 295. Shocp wero yarded in the usual numbers. Competition in the early stages of solo was fair, but valuos were easier than at last week’s sale. Primo wethers realised 27s 3d to 28b ; medium, 24s to 24s 9d; owes, 14s to 16s; lighter, 13s; extra heavy prime wethers, shorn, mado-27s to 28s; medium, 24s to 24s 9d; heavy prime ewos, 15s to 16s; lighter, 14s 6d; other ewes, 13s. Lambs wore yarded in average numbers. The demand was less and values wore easier than last week. Heavy primo lambs mado 225; light, 14s. Calves were penned in fair numbers and sold at about equal to late valuos. Heavy vealers brought £4 5s to £4 15s; medium, £3 12s to £4; light, £2 12s to £3 10s; rough, 18s to £2 10s; small, 17s to £1 16s; fresh dropped, 7s to 15s. .> Pigs suffered a pronounced drop from last week’s valuos, both baconers and porkers being affected. Choppors sold to £3; heavy baconers, £3 14s to £3 19s; heavy porkers, £2 8s to £2 12s; medium, £3 6s to £3 12s; medium, £2 to £2 6s; light baconers, £2 17s to £3 ss; light porkers, £1 12s to £1 18s. MERINO SHEEP. SYDNEY, April 9, The Graziere’ Association of Australia, in conference, resolved to request the Federal Government that it should absolutely prohibit the export of breeding Merino sheep.

WELLINGTON STOCK EXCHANGE. YESTERDAY’S BUSINESS AND PRICES. Tho market was active yesterday, with a greater turnover than for some time past. Twelve sales were reported on the Wellington Stock Exchange, but only two of the sales were of bank shares, Bank of New South Wales changing hands at £39 5s and £39 2s 6d. There were fivo transactions .in British Tobacco, ono at 40s and four at 40s 3d. Government securities were again in go. .d demand with prices steady. Tho 44 per cent, stocks (1933 and 1939) were steady at £97 7s 6d, also tho 44 per cent. Bonds (1941 and 1939), which were also in demand at £97 7s 6d; the 54 per cents. (1933) wero wanted at £99 7s 6d, and tho 54 per cents. (1936) at £99. There was a bid cl £8: /s 6d for Wellington Harbour Board, 44 per cents. (1945). Bank shures were not in as strong demand as on the previous day, but prices remained firm. Bank of Australasia were again wanted at £l2; and Commercial Bank of Australia were unchanged at 21s lOd. English, Scottish and Australian Ba is were also unchanged at £6 12s. National Bank of Australasia £5 paid were Is up at £7 10s. Bank of New South Wales at £3O were steady, but Union Bank were Is up at £l2. Wellington Investment changed hands at lls. New Zealand Guarantee Coroporation preference at 20s 6d, and Wright, Stephenson at 20s 9d were unchanged, insurance shares wero in good demand with buyers of National Insurance at 14s 3d, a rise of 3d; New Zealand Insurance at 43s 6d and South British Insurance at 60s 9d, a drop of 3d. Wellington Gas wero steady at 30s. Wellington Meat Export were in demand at 7s,' but there were two sales at 8s 9d. Westport Coal wore 2d better at 30s lid; Kauri Timber were firm at 12s 6d. Brewery shares were steady, Crown Brewery at 8s 6d; New Zealand Breweries at 50s 3d and Staples and Co. at 48s. British Tobacco were firm at 40s, and Wilson’s Cement were 2d better at 38a lOd. YESTERDAY’S QUOTATIONS. Buying and selling quotations at the final call on the Wellington Stock Exchange yesterday were as follow : Buyer.*. Sellers. N.Z. GOVT LOANS— £a. d. £s. d.

YESTERDAY’S SALES. The following sales were recorded on the Stock Exchanges of the Dominion yesterday:— , Wellington.—Bank of New South Waie3, £39 se, £39 2s 6d; Wellington Investment, lls; Wellington Meat Export (two), 8s 9d; Huddart-Parker (ord.) £1 13s; New Zealand Breweries, £2 10s 9d; British Tobacco, £2, (4) £2 0s 3d. . , , , Auckland. —English, Scottish and Australian Bank, £6 17a 6d; Union Bank of Australia, £l2 Is; Taupiri Coal, £1 6s; Union Steam, £1 0s 6d; N.Z. Breweries, £2 10s 3d, £2 10s 6d; Eleotrolytio Zinc, pref., £1 7a lOd; Taranaki Oilfields (2), Is 6d; Alburnia, 4d; Waihi, 14a. Christchurch. —Australian Bank of Commerce, £1 ss; United Building Society, 14s 4d; Wellington Meat Export, 8s 6d; Kaiapoi Woollen, 7s paid, 3s 8d; N.Z. Breweries, £2 lOe 6d, £2 10s lid; British Tobacco, £2 0s 2d, £2 0s 3d; Victoria Nyanza Sugar, £1 19s 3d. Sales reported: Bank of Australasia, £l2 ss; N.Z. Breweries (2), £2 10s 6d; British Tobacco (2), £2 10s 3d. Dunedin.—Sales reported: Bank of New South Wales, £39; Kaiapoi Woollen, contr.,. 3s 9d; Paddy’s Point, 4s; Inscribed Stock, 4£ p.c., 1939, £97 7s 6d. ■ FOREIGN EXCHANGES. (British Official Wireless). ■ RUGBY, April 9. The following rates on foreign exchanges aro current to-day, as compared

GOLD AND SILVER. LONDON, April 9. Gold, £4 4s lOgd per ounce. Silver. —Spot, 19|d per ounce; forward 19 5-16 d por ounce. ■

COLOMBO TEA SALES. Per Press Association. DUNEDIN, April 9. The quantity offered at this week’s tea auction in Colombo was 3,200,0001b5. Common teas decliqed 3 to 6 cents, low to mediums declined 3 to 6 bents, good broken Pekoes declined 8 to 10 cents, and good 8.0.P.’s declined 2 to 4 cents.

Next week’s catalogue will total 3,200,000 lb®.

JOHNSONVILLE SALE. , At the Johneonvillo sale ori Tuesday, an average yarding of sheep and lambs was offered by Wright, Stephenson and Co., Ltd., and Abraham and Williams, Ltd. The sale for cattle was dull, prices for prime heavy-weight bullocks showing a decline of 15s per head and lighter and plain sorts up to 20s per head, as compared with last week’s rates, this being due, no doubt, to the fall in export valuo3. Vealers also suffered a decline. Sheep sold freely at prices showing a slight decline on last week’s rates. Lambs were dull of sale. Prices ranged as follow:—Primo heavy bullocks, £ls ss, £ls 2s 6d, £ls, £l4 15s, £l4 10s; bullocks, £l4, £l3 10s, £l3 7s 6a, £l3, £l2, £ll 2s 6d ; cows, £7, £6 ss; vealers, £4 ss, £3 3s, £3, £2 12s 6d, £2 10s, £2 ss, £1 12s, £1 10s. Wethers, heavy, 27s 6d, 26s Bd, 25s 6d; wothers, 255, 245, 23s 6d; ewos, extra heavy, 19s 9d, 18s 6d; lambs, 20s 9d, 20s 3d, 20s, 19s 6d, 17s lOd, 17s, 16s 6d. FEILDING SALE. Abraham and Williams, Ltd., report as under on a clearing sale of dairy stock, etc., etc., held on behalf of Mr R. J. W. Bicknell, Bainesse, on Bth inst. The dairy herd, consisting of 41, mostly young early calving cows showing well into Jersey strain, came forward in fine condition and met with fair competition from a large attendance of the public, tho average price of the herd being in the vicinity of £lO. In calf heifers and weaner heifers sold well, but the farm implements, which were in good order, and the sundries met with a disappointing salo. The following were main sales.: —Dairy cows: £8 ss, £8 10s, £9 10s, £lb, £lO ss, £lO 15s, £ll 10s, £l2, £l2 ss, £l2 15s, £l3 to £ls; in calf heifers, £8 17s 6d to £lO 10s; weanor hoifers, £2 2s to £3 69; weaner bull, £4; 5-yoar Jersey bull £9; aged mare, £9; hayrake, £5 10s, s.f. plough £4, d.f. plough £3, discs, £2 2s 6a, tripod harrows £5 10s, mower £l6 10s, 11 Coulter drill £l7, 100 gal, separator with motor £l2. DAIRY PRODUCE. Dalgety and Coy., Ltd., have received the following market advice from their head office, London, under dato of Bth inst: “Butter 2s per cwt. lower (now 124 s to 1265); New Zealand cheese, white, 72s to 745, coloured, 74s to 755. TALLOW SALE. Dalgety and Coy., Ltd., have received advice from their London house that there will be no publio taljow sales until the 30th inst.

4| p.c. Stock and Bonds, 1939 and 1938 97 7 6 54 p.c. ditto, 1936 99 0 0 — 4£ p.c. Bonds, 1941 and 1939 97 7 6 44 p.c. ditto, 1938 97 10 0 . 54 p.c. ditto, 1933 99 7 6 — DEBENTURES— Wellington Harbour Bd., 41 p.c., 1946 83 7 6 — N.Z. Breweries (bonds) 1 1 9 — BANKS—, Australasia 12 0 0 *12 10 0 tjouiiuorcial of Aust. (ord;) ’ 1 1 10 1 2 1 English, Scottish and Australian 6 12 0 — 1 National of N.Z — 6 5 6 National of Australasia (£10) 7 10 0 15 3 6 Ditto (£5) — New South Wales .... 39 0 0 39 10 0 New Zealand — 3 0 0 Ditto (long term) 16 0 — Union of Australia ... — 12 2 0 Ditto (Melbourne register) 12 0 0 12 2 0 FINANCIALrN.Z. Guarantee Gorp. (ord.) 0 8 2 Ditto (prof.) 10 6 — Well. Invest., T. & A. — 0 11 3 Wright, Stephenson (ord.) 10 9 — GASWellington (ord.) 1 10 0 — INSURANCE— National 0 14 3 — New Zealand 2 3 6 — South British 3 0 9 3 2 6 MEAT PRESERVING— Well. Meat Ex. (ord.) 0 7 0 — N.Z. Refrigerat. (10s) — 0 5 6 TRANSPORT— P. and 0. stock — 2 15 0 WOOLLEN— Wellington (ord.) 6 0 0 Ditto (ptef.j — 6 3 0 COALWestport Waipa l To li 0 14 0 TIMBER Kauri 0 12 6 1 10 Leyland-O’Brien — 0 National — 0 9 0 BREWERIES— Crown 0 3 6 — New Zealand 2 10 3 2 11 0 Staples and Co. 2 8 0 — MISCELLANEOUS— Burns, Philp and Co. — 1 18 3 British Tobacco (Aust.) (ord.) 2 0 0 2 1 0 Dental and Medical . Holden’s Motor BldrB. — 0 13 6 — 0 15 0 Howard Smith (ord.) 1 18 10 0 17 6 Wilson’s Cement — MINING— Waihi 0 13 8 *Ex dividend.

•with par: — Apr. 8. Par. N. York, dol. to £1 4.86& 4.866 4.863 4.866 124.22 124.21 34.855 36.00 Geneva, francs to £1 ... 25.05 25.2215 Amsterdam, florins to £1 12.105 12.107 Milan, lire to £1 •■•••• 92.79 92.46 Berlin, marks to £1 20.38 20.43 Stockholm, knr. to £1 ... 18.10 18.159 Copenhagen, knr. to £1 18.17 18.17 18.159 18.159 34.505 34.585 164.25 164.125 193.25 193.23 Madrid, pes. to £1 38.85 25.2215 Lisbone, e3C. to £1 100.30 — 375 375 Bucharest, lei to £1 Rio de Janeiro pence to 818 5 25-32 813.6 5.899 441-16 47.577 Calcutta, p. to rup. 17 27-32 18 Shangahai, p. to tael ...... 23 • . H.-Kong, p. to do| 18 24g 24.58 Batavia, florins to ±)1 ... 12.092 12.107