FARMING AND COMMERCIAL

Manawatu Standard, Volume LI, Issue 118, 20 April 1931, Page 5

FARMING AND COMMERCIAL

S/ WELLINGTON WOOL SALE.

CO-OP. DISTRIBUTING COY’S REPORT Ihe New Zealand Farmers’ Co-op. Distributing Coy., Ltd., report on the Wellington wool sale on Friday as follows: iinT f ub « 1 . it ted a catalogue of 3152 bales (100 of which were withdrawn before Wie sale) to a representative attendance of buyers. Tho decline in crossbred values shown at the recent sales in the South island was fully reflected hero, with tho result that passings were much more numerous than at our last sale. Super-fine crossbreds showed the least decline, and these we quote at par to Id per lb, - with medium to good Id to ljd. and inferior ljd per lb, all lower than at last sale. Lambs’ wool met with spirited competition for super lots, but generally speaking prices for these were most erratic. Pieces, bellies, crutchings, and oddments were all considerably lower in sympathy with fleece wools, and no doubt the quantity of all grades offered had a tendency to steady tho market. Japanese competition, except for super 40-44’s quality, was not so much in evidence as in March sale and very few lots were purchased on account of America.

Wo were successful in disposing of 80 per cent, at auction and immediately after, and hope to report further sales when owners are advised of the full extent of tho decline in values. Our principal sales were as follow: AM/O, 20 EA 6id, 5 EB sd, 5 lambs 73d; WV/Mairenui, 20 E 6d; GLM/Hossota, 5 lambs sd; Okaka/E, 16 II 7d, 28 EA 6 2 d, 5 pieces 43d, 4 bellies 43d, 4 first lambs B|d; HB/Tcrrace, 4HA 7 2 d, 4HB bfd, 5 EA 7ld, 6 EB 6|d, 4 pieces sid; HA/Battlehill, 20 HA 7d, 20 EA 6id, li EB 6Jd; DS/Burnsidc, 4 H 7 2 d, BES 6)d; NMK, 13 EA 7id. 10 EB 6id; 20/H, 5 E 6d; Link, 4HR 7 2 d, 7 E super Bd, BEA 6jd, 10 HA 7Jd, 87 EA 6id, 19 EB 53d, 8 lambs A Bd, 4 pieces 5 2 d, 6 bellies 4jd; Ederdalc, 34 E bid, 4 Rorwicy lambs, 63d; IIIDZ, 5 W 64d, 5 H 6id; Hahoe/JA, 11 A 63d; Kamano, 8 H super Bd, 5 IIA 73d, 1 8 E super 7sd, 25 EA 7 2 d, 10 EB 6id, 4 lED 53d, 5 EM SRI, 10 first pieces 6d, 4 bellies 4id, 7 Romney lambs 7id, 6 first S/D, lambs lid; LXW, 14 E 6 2 d; JMG/N 10 crossbred 6id; Pariroa, 7 S/D lambs 10a, 38 E 6id, 6 cots. SRI; OBX, 3 S/D lbs lOid, 34 E pieces sd, 7 lambs AA 73d; H.B/Terrace, 6 HA 73d, 5 EA 7*d, 8 EB 6*d 4 EC 6W, 4 pieces sd; DAB/Hilton, 5 H 6 4 d; IR, 7 crossbred 5 2 d; Wavertreo, 7 E 6 2 d; JWI, 7 HB 7id, 20 B 7d, 6 C Bid, 4 first piccos sid; EONE, BHA Bd, 17 EA 7id, 5 first pieces and bellies sid; LGN, 12 H 7d, 28 E 6d; Bushfurlong/R, 4 H 7id, 12 E 6Jcl; ICG, 7 E 6jd; GEO/T, 11 A 7d, 25 B 63d; H'l'L, 6 H 6d, 20 E sid; Flagercek 9 HA 73d, 10 HB 6id, 5 HM 6d 5 WA 6id, 7 first pieces 5Jd, 7 bellies 43d, 4 first lambs 7Jd; OA, 5 W bid; GM/Grecnfield, 4 HA 7d, 4 HB 6£d, 33 EB 6Ad, 6 first pieces and bellies sd; OX, 10 H fed, 25 h 6id; OK, 8 E 7d, 5 EC bid; OX,IO H 6id, 25 E 6jd; OK, 8 E 7d, 5 EC 6Jd; Mc/Dunlo, 5 lambs 7W; ANB, 12 A 7W; Hare, 7 EA 7d, 15 EB 6*d, 10 EC 6d; HSS, 16 Rom 6id; TA/Echobank, 8 F crossbred E bid ; H McE, 15 . E 63d; K/VVairere, 7 bellies 4*d; RM/Spnnghi 1, 12 H 7d; Birthdayhill, 4 crossbred E and W 7 2 d, 5 E 7d; M 7 over bar, 7 E 6id; IvHR, 4 Romney E 7d; EEP, 6 EB bid; 6 lambs A 103 d; HS over bar, 11 H 7id, 6 \\ 7d, AR/Glenview 4 lambs 7)d; TMcG, 8 H 63d 14 E 53d; T/KK, 15 E 63d, 6 lambs 73d’- T3S 24 E 7d; TWB/Elephant, 16 crossbred ’bid; RFM/MV, 25 B and P sid; CH/Awa, 4 Dn XH 7j,d, 4 crossbred A 63d, 8 crossbred B 6d; Wairepo, 3 H super 7Ad, 8 HA 7d, 15 EAA 6id 4 EAA_6id, 5 bellies 4 2 d, 4 lambs A 8d; Pukepai, 10 H 73d; Toa/Tere, 6 Romney E siu; bandyford 5 Romney lambs 7id; Dochrorie, i2 Romney H Bd, 38 Romney _E 63d. 7 first pieces 6d, 4 bellies sd; R m circle 5 H |7id; Ardlea, 511 7d, 15 E 6 2 d; MG/Raaumunga, 23 E 63d, 4 Romney lambs 7|d; GP/P 6 E 6id; PMG, 22 E 63d; DE/ Ratasl 7 H 7id, 27 E 63d; RD/Wamui, 5 H 7Ad, 12 E 6|d; RC/B, 18 E 7d; Link, 4 H super 7id, 11 L super Bd, 9 lIA 7 2 d, 56 E\ 7d, 5 EB 53d, 4 first pieces sfd, 6, bellies sd, 6 lambs A Bid, 6 lambs B 6d; Ncahue, 5 P and B sid, 4 lambs bid; It m I stirrup, 5 H 7id, 14 E 6Jd. 4 lambs 9d; ; 800, 5 Southdown BAd, 40 crossbred E i 6id, 21. crossbred E 6Jd; RSI/Mangaio, 5 | T 7id, 12 E 6id; HJA, 4 E 6id; Y4/K, 9 : E bid; Hare, 6 Romney iambs 7Jd; H/Hare, ! 4 lambs 7id; LG/SPA/Farm, 9 W and E : 6'd- OCB 10 E 4 2 d; FG/Crosscreek, 6 E sd; H/Hare, 6 HA 9d, 8 EA Bd, 6 EB 7tf, 4 first pieces 6id; CZX, 16 crossbred 6|d; JGW, 6 H 6Ad, 18 E 6id; Toto 4 H 6fd; JK/A 4 crossbred 5Ad; WV/Mairenui, 5 ■ Southdown lambs S 4d; RB/Craigieburn, 6 AXH 6 2 d, 4 ' AXW 6id, 8 AXE 6id, 6 cots 43d, 3 first P and B 4id; E reversed R/WV, 6 E and H 6d; various,l4 bouthrimvn A. 82d H Southdown and Southdown X™ B*d. 15 H fine Bd, 19 H 7*d 10 Southdown 73d, 23 first cots sd, 11 F crossbred 7id 9 F cvrossbred O I hred 63d. 10 ctg crossbred 6d, 12 Lincoln 6d, 15 D 53d, 14 Southdown and bouthdown cross lambs A 83d, 19 first lambs 8d 13 lambs 7d, 15 kimbs 53d; various, 11 crutchings S 2id, 9 first dead 6 2 d, 38 first bellies 43d. 11 bkn flcece and nccks 35 short pieces and locks 3 4 d, 6 P and B q 4id 9 locks and crutchings 23d, 20 first crutchings 4|d 14 LS. crutchings Md, 10 first pieces s|d, . 9 ;. Vernon, 4 halfbred crutchings sid, 4 Merino locks 3id. BRADFORD MARKET. LONDON, April 16. The Bradford tops market has an easier tone, and little business is doing. To-day’s quotations compare as follow with those previously cabled : . ..,

MONEY MARKET. BANK OF ENGLAND RETURN. LONDON, April 16. The following is the Bank of England return IgsuE DEPARX MENT. £

Note issue in circulation Banking department 50,949,146 £405,312,650 £ Government debt oxpAAs's4? Other Government securities ... 232,668,545 other s^: u n rities .., and buiiion 145,312,650 £405,312,650 BANKING DEPARTMENT. Proprietors’ capital Public deposits 61’230 462 Other deposits, bankers Other accounts 35jl Seven-day and other bills 2.U11 £122,401,149 Securities—j. 34,330,684 Government • 8,375,954 Discounts a nd advances ... 5Q g 4g * 146 Notes m reserve _ 27,851,621 Other securities 774 Gold and silver coin £122,401,149

r>_ of reserves to liabilities 49.40 P ef ro c^t r sho°rt loans 2 per cent., three months’ bills 2 5-8 per cent.

DAIRY PRODUCE.

LONDON MARKET. BOARD’S REPORT. With the price of New Zealand salted butter down to 106s-108s a cwt, a fall of 3s to 4s on the week, the London butter market was steadier at the closo on Friday with more inquiry. Tho retail price of New Zealand butter is unchanged at Is 2d a lb, and that of Danish has been reduced to Is 3d. Notwithstanding the heavy arrivals, stocks of New Zealand butter are 3100 tons less than they were a year ago. The cheese market is very slow and prices of New Zealand are down to 495-54 s a cwt. The Dairy Board report states that full cream cheese maintains a premium of Is a cwt. The retail price of New Zealand cheese in London is generally unchanged at 8d a lb, but some retailers are selling at prices ranging between 7d and lOd, according to quality and the class of shop. Friday's closing prices with those of tho previous week in parentheses are reported by the Dairy Board’s London office as follow BUTTER. New Zealand. —Salted, 106s-108s (109s--112s: April 18, 1930, 123-1265); unsalted, 112s-114s (114e-118s); April 18, 1930, 1325-138 s); 138 s); first whey, 101 s (106 s); second whey, 100 s (104 s). Australian. —Salted, 104s-106s (103s-110s); unsalted, 108sJ.12s (110s-114d). Argentine.—Unsalted, 104s-106s, ex 108 s (108e-110s). Danish.—ll6s, f.o.b. (1225-124 s spot (U6s; 1225-1245). Dutch. —Unsalted, 120s-1225: Market quiet. (124e-1265). CHEESE. New Zealand.—White, 495-50 s up to 51s (50s-51s; April 18, 1930, 75-765); coloured, 525-54 s (535-555, April. 18, 1930, 78s-795). Australian.—White, 49s (51s-525); coloured, 52s (535). Canadian. —White, 725-76 s (72e-745); coloured, 745-76 s (74e-78s). DELIVERIES AND STOCKS.

Deliveries of New Zealand butter for the week were 1661 tons, as against 1450 tons a year ago. The quantity in store, excluding 475 tons ex Port Fremantle, is 4862 tons, as compared with 7950 tons a year ago. Deliveries of Australian butter were 1075 tons, as against 1000 tons a year ago, the quantity in store being 825 tons as compared with 3250 ton 3. Deliveries of New Zealand cheese for the week were 28,500 crates, as against 26,477 crates a year ago. The quantity in store, including 2000 crates ex Mataroa, but not counting 1000 crates ex Herminius, is 161,000 crates, as compared with 107,619 crates a year ago. . . Deliveries of Canadian cheese for the week were 3200 boxes, as against 3932 boxes a year ago. The quantity in store is 143-, 873 boxes, as compared with 105,005 boxes a year ago. Four shipments, totalling 115,691 boxes of butter and 42,133 crates of cheese, left New Zealand last week in the steamers Matakana, Port Napier, Cornwall and. Port Brisbane for London. FROZEN MEAT. LONDON, April 18. Australian 6heep.—First quality crossbred and/or Merino wethers, 40-651 b, 3d. Argentine sheep.—First quality crossbred wethers, 48-641 b, 3 2 d; 65-721 b, 3d; over 72 lb, none offering. Patagonian lamb.—First quality, 361 b and upder 4^d.

Levin and Coy., Ltd., have received the following cable from their London agents, dated 17th April, 1931: Frozen meat quotations (prices on a “delivered” basis, i.e., including storage charges, cartage, market tolls, etc.) : North Island Down lambs, 28361bs, 7d; 36-421bs, 63d; best North Island crossbred lambs, 28-361bs, 6|d; 36-42 lbs, 6§d; North Island 2nd quality lambs, average, 30-311bs, sid; best North Island wether sheep under 481bs, 4d; 48-561bs, 3ijd; 56-64 lbs, 34d; 64-721bs, 34c1; North Island ewes, under 481bs, 3ld; 48-561bs, 2|d; 64-72 lbs, New Zealand primo ox beef, 160-2201b5, none offering. As compared with last week’s quotations, lambs are unchanged; best North Island wethers under 481bs id per lb lower, 48-641bs &d per lb lower; North Island ewes 56-721bs id per lb lower. The market for lamb is rather irregular, and for mutton it is quiet with a weakening tendency. , The New Zealand Meat Producers Board lias received the following cable from its London office, dated 17th April, 1931, advising that the following are the approximate average prices realised for the week, based on actual transactions, of wholesale quantities of the descriptions of meat mentioned and aro for representative parcels of the goods offering during the week, being for business done on the basis of delivered to Smithfield market and/or ex London stores, prices for the two previous weeks being shown in parentheses: —New Zealand sheep, Canterbury and North Island selected crossbred wethers and maiden elves, 48/56, 3 3-4 d(3 7-Bd, 3 7-8 d); 57/64, 3 5-8 d (3 3-4 d, 3 3-4 d); 65/72, 3 3-8 d (34d, 3 3-4 d); North Island do., 48/56, 3 5-8 d (3 5-Bd, 3 5-Bd); 57/64, 3 3-8 d (34d, 3id); 65/72, 3id (3 3-Bd, 3 3-8 d); ewes, 48/under, 3id (3id, 34d); 48/64, 23-4 d(2 7-Bd, 27-8 d); 65/72, 24d (2 5-Bd, 25-8 d). New Zealand lambs, Canterbury, 36/under, 6 3-8 d(6 3-Bd, 6 3-8 d); 37/42, 6 3-8 d (6 3-Bd, 6 3-8 d); 43/ 50, 6 3-8 d (64d, 64d); second quality, average, 33, 54d (5 2 d, 54d); other South Island brands, 36/under, 61d 64d, not quoted); 37/42, 6id (6id, not quoted); 43/50, 6id (6 3-3 d, not quoted); selected North Island brands, including Downs, 36/under, 6 3-8 d (6 3-Bd, 6 3-8 d); 37/42, 6 3-8 d(6 3-Bd, 6 3-8 d); 43/50, 6 3-8 d(6 3-Bd, 6 3-8 d); second quality average 31, 54d (54d, 54d); other North Island brands, Ist quality, 36/ under, 5 7-8 d(5 7-Bd, 5 7-8 d); 37/42, 5 7-8 d (5 7-Bd, 5 7-8 d); second quality, average, 31 54d (sld, 54d). Australian lambs, Victorian, Ist quality, 36/under, 4 7-8 d (4 7-Bd, 4 7-8 d); 37/42, 4 7-8 d (4 7-6 d, 4 7-8 d). Argentine lamb, Ist quality, 36/under, 4 3-4 d (sd, sd); 37/42, 44d (4 3-4 d, 4 3-4. d). New Zealand beef, not quoted. Argentine chilled beef, ox fores, 23-8 d (24d, 27-8 d); ox hinds, sid (5 3-Bd, 6d). Australian frozen beef, ox crops, over 100, 24d (24d, 25-8 d); ox hinds, over 160, 3 3-8 d(3 3-Bd, 34d). New Zealand porker pigs, 60/100, 5d (sd, sd); 101/120, 44d (44d, 4 2 d). New Zealand prime baconer pigs, 121/180, 54d (sd, sd). New Zoaland frozen veal, not quoted. Lamb: In spite of heavy landings market remains steady. Lower prices definitely increasing consumption. Mutton: Wethers ; prices slightly easier. Low prices South American heavy lambs affecting market. Ewes; also easier except for lightweights. Extremely low prices beef affecting sales of ewes. Beef: Little enquiry for frozen owing to low prices of Argentine chilled beef. New Zealand porker pigs: Trade slow owing to approach of warm weather. New Zealand baconer pigs: More enquiry owing to.improvement in prices Continental bacon. STOCK MARKET. SALE AT FEILDING. Levin and Coy., Ltd., report the following prices at the Feilding sale on April 17th, 1931: Fat lambs, lCks 6d to 15s sd; fat ewes, 63 lid to 9s lid; ewe lambs, 11s 6d; cows in milk, £3 17s 6d to £7; springing cows, £7; heifers r.w.b., £2 10s to £3 15s; weaner heifers, £1 6s to £2 ss; store cows, £1 to £1 17s 6d. HIGH PRICED JERSEYS. At the dispersal sale of Mr P. J. Peterson’s Jersey Ivondale stud at Brixton (Taranaki) last week, Mr J. A. Mitchell, of Longburn, made the following purchases: —Heifer, Ivondale Little Rainbow, by Ivondalo Golden Sunshot— lvondale Silver Rainbow, born September, 1928, 350gns. Cow, Ivondale Golden Sungleam, by Aster’s Golden Lad— lvondale Sungleam, born January, 1924, 200gns. Mr Mitchell also bid up to 520 guineas for the cow Ivondale Silver Rainbow, which sold at 525 guineas, a record for Taranaki.

WELLINGTON STOCK EXCHANGE.

LAST WEEK’S BUSINESS AND PRICES. Satisfactory business was done _on the stock exchanges of the Dominion last week. Prices were well maintained for most of the shares favoured by investors, and in somo cases advances were made. Government securities continued very firm and in strong demand. The 44 P er cents., 1938, changed hands at £9B to £9B 2s 6d, which is an advance of 12s 6d on the pre-Easter price. The 54 per cents., 1933, which sold at £99 2s 6d to £99 7s 6d, also showed an improvement. The 54 per cent, stocks, 1933, were transferred at £9B, and the bonds at £9B 7e 6d and £9B ss. ’

There was some inquiry for debentures, in which a moderate business was done. City of Auckland 4 per cent., 1932, sold at £96 10s, Riccarlon Borough 5$ per cents, 1931, at £IOO, Milne and Choyce £1 debentures at 19s 9d, and Now Zealand Breweries £1 debentures at 21s 6d. Business in bank shares was restricted to the shares of six banks, and prices showed an upward trend. Commercial Bank of Australia sold very freely at 15s 4d to 15s 9d, while in the week before Easter they changed hands at 15fl 2d. Bank of New Zealand were in strong request and sold at 50s up to 51s 9d. Union Bank changed hands at £8 11s 6d and £8 14s 6d, while the best price realised just before the Easter vacation was £8 10s 6d. Bank of New South Wales changed hands freely at £27 and £27 ss, but there was one sale at £26 15s. Bank of Australasia sold at £lO 9s, a rise of 9s on the previous sale. National Bank of Australasia met with a little business and showed a weakening tendency toward the week-end. The £lO paid shares sold at £ll 5s and the £5 paid at £5 63, £5 5s and £5. National Bank of New. Zealand were in steady demand at £5, with no sellers. Insurance shares were very steady. New Zealand Insurance sold at 41s 6d, 41s 8d and 41s 9d, and South British Insurance at 555. After a long peirod of quietness Australian Provincial Assurance shares sold at 4s 6d, a very low figure for 10s shares fully paid up. Dalgety and Co. sold at £7 19s and £7 15s, and showed no change on the pre-Easter price. Goldsbrough, Mort and Co. changed hands at 21s 6d and 21s. Tho financial year of this company closed at tho end of last month, and judging by the firmness of the market for tho shares, investors expect the company , to show better results than in tho previous year. Ga 3 shares were in good demand, but holders were not attracted by tho offers made. Auckland Gas sold at 23s and 22s 9d. Gear Meat have been in very good demand for some time and have risen steadily. Tho shares, howover, aro firmly held, which makes business difficult. New Zealand Refrigerating, especially the 10s paid shares, sold freely from 3s 2d to 3s 4d, which was an improvement on tho last sales before Easter. The 20s paid at 10s 8d showed a drop of 7d. Union Steam preference sold at par. The dividend on Union Steam is due next month. Devonport Steam Ferry changed hands at 20s 6d and Westport Coal at 26s and 25s 9d. Kauri Timber shares liavo been neglected for a long time, but last week they changed hands at 9s 9d. The shares aro 25s fully paid. Leyland O’Brien Timber sold at 21s 6d. At tho early part of the week Now Zealand Breweries were very firm with sales at 36s 3d, but on tho announcement of tho Prime Minister of an anticipated huge deficit, it was expected that tho duty, on beer would be increased, and on Friday there was a recession in prices which dropped to 33s 9d. Timaru Brewery, 5s paid, sold at 5s 8d and 6s, and Tooth’s Brewery at 20s Id to 20s lOd. British Tobacco were very firm with sales up to 30s 6d. Colonial Sugar sold at £32 10s, and Wilson’s Cement at 39s 6d and 39s 3d. Dominion Builders’ Supplies, 16s shares, fully paid, sold at 2s, and Quill Morris, £1 fully paid shares, at 7s 6d. New Zealand Drug changed hands at 54s and Mount Lyell at 20s 6d and 20s. SATURDAY’S QUOTATIONS. Buying and selling quotations at Saturday morning’s call on the Wellington Stock Exchange were as follow : Buyers. Sellers.

SATURDAY'S SALES. The following 6ales were recorded on the stock exchanges of the Dominion on Saturday : Wellington.—Govt. Inscr. Stock, 4£ p.c,, 1939, £9B 2s 6d; ditto, 1938 (2), £9B 2s 6d; New Zealand Breweries, £1 14s 3d; British Tobacco, £1 10s. Auckland. —Bank of New Zealand, £2 Us 9d, £2 12s; N.Z. Insurance, £2 2s; Milne and Choyce, deb. stock, 19s 9d; King Solomon Mine, 2s l£d. Christchurch. —Commercial Bank of Aust. (4), 15s 6d; ditto (pref.), £5 lbs, £5 17s; N.Z. Refrigerating, 10s paid, 3s 3d; British Tobacco, £1 9s lOd. Sales reported: Commercial Bank (late Friday), 15s sd; Govt. Bonds, 5£ p.c., 1935, £99 ss; British Tobacco, £1 10s; United Bulidding, 14s. RAW MATERIALS. LONDON, April 18. Friday’s closing prices for the following raw materials were as follow, those for April 11 being given in parentheses:— Cotton. —Liverpool quotation, American middling upland, May delivery 5.47 d per lb (5.45 d). Rubber. —Para, 4£d per lb (same); plantation smoked, 3 l-16d per lb (3£d). Jute. —April-May shipment, £l6 7s 6d per ton (£ls 12s 6d). Hemp.—None offering. _ Copra.—May shipment, South Sea, £l4 5e per ton (£l4 7s 6d); plantation, Rabaul, £l4 7s 6d per ton (£l4 10s). Linseed oil. —£18 15e per ton (£lB 10s). Turpentine.—44s per cwt. (41s 6d). Osmiridium. —Nominal prices, Tasmanian, £lO to £l2 per ounce; South African, £l2.

METALS MARKET.

LONDON, April 17. Metal Exchange quotations are as follow, those previously cabled being given for the purposes of comparison:

GRAIN AND PRODUCE. CANTERBURY MARKETS. Per Press Association. CHRISTCHURCH, April 18. In the wheat market there is not a great deal of business passing. There is a little better inquiry for milling wheat and the price remains unchanged at 5s 3d on trucks for Tuscan. There is a better inquiry for fowl wheat for forward delivery, quotations to-day being: May-Septeinber delivery, 5s 3d to 5s 4d per bushel, f.0.b.; prompt delivery, 4s lid to 55.. There is a fair amount of prompt business in potatoes at present. The quotations to-day is about 85s a ton, f.o.b. Tho quotation to farmers is about £3 a ton on trucks. It is expected that between 4000 and 5000 sacks will leave for Auckland next week. .. Peas are quoted at 3s 6d on trucks. The North Island has been supplied with Garton oats from Timaru. There is a very limited quantity of Canterbury oats on the market. The quotation is 2s lOd a bushel, f.0.b., for A’s and 2s 8d for B’s, equivalent to 2s 4d and 2s 2d a bushel on trucks. The nominal quotation for Algerians is 2s on trucks. Canterbury perennial ryegrass has boen firmer this week. The quotations is 3s to 3s 3d on trucks to growers. Italian remains firm at 2s on trucks to growers.

Mar 19' Mar 26. Apl 9. Apl 16. Per lb Per lb Per lb Per lb d. d. d. d. Seventies .... 27i 27i 27i 27 Sixty-fours Sixties Fifty-sixes Fifties ... 26 26 26 254 .... 23 24 24 24 ... 17 17 17 17 .. . 14 14 14 14 ... 124 124 124 113 Forties .... 12£ 124 124 113

N.Z. GOVT. LOANS— £ a. d. £ a. d. 4i n.c. Inec. JStk., iy39 97 10 0 98 10 0 44 p.c. ditto, 193b 97 15 0 98 10 0 5i p.c. ditto, 1933 99 0 0 — 51 p.c. ditto, 1941 94 15 0 — 5A p.c. bonds, 1933 and 1936 99 0 0 — 51 p.c. ditto, 1937 96 5 0 96 15 0 DEBENTURES— Well. Racing Club ...102 0 0 — BANKSAustralasia 10 0 0 10 9 0 Auat. of Commerce ... — 0 18 3 Commercial of Aust. (ord.) 0 15 3 0 15 7 Commercial Bank. Co. (Sydney) — 16 10 0 English, Scottish and Australian — 5 8 0 National N.Z 5 0 0 5 5 0 National A’asia. (£10) 11 0 0 — Ditto (£5) 5 10 — New South Wales .... 26 0 0 — Now Zealand ...; 2 11 0 — Ditto, long term 16 0 — FINANCIAL— Abraham and Williams (pref.) — 4 10 0 N.Z. Guarantee Corp. (ord.) 0 5 4 0 5 11 N.Z. Loan and Alerc. (ord.) — 66 0 0 N.Z. and River Plato — 1 6 0 GAS— Christchurch 14 6 — INSURANCE— National 0 12 11 — New Zealand 2 16 — MEAT PRESERVING Gear 19 0 — N.Z. Refrigerat. (10s) 0 3 0 0 3 6 TRANSPORT— Adelaide Steam — 0 17 0 Huddart-Parkcr (ord.) 10 0 1 3 0 WOOLLEN— Wellington (pref.) .... 4 10 0 — TIMBER— Kauri — 0 10 0 Leyland-O’Bnen 110 — 0 National — 0 9 BREWERIES— New Zealand 1 13 6 1 14 4 Tooth’s 10 7 1 1 3 MISCELLANEOUS— British Tobacco (ord.) 19 6 1 10 2 Bums, Philp and Co. 1 10 0 1 15 0 Colonial Sugar 30 0 0 34 0 0 Con. Brick and Pipe — 0 11 0 Dental and Medical — 0 9 6 Electro. Zinc (ord.) . — 0 13 6 Ditto (pref.) — 0 17 6 Howard Smith (ord.) — 0 8 9 National Electric — 0 11 0 Newton King (pref.) — 0 10 0 N.Z. Drug 2 12 0 2 16 0 N.Z. Paper Mills 0 16 0 — Sharland and Co. (oarH.) — 1 0 6 Wairarapa farmers (pref.) — 0 5 0 Well. Queen’s Iheatre 0 19 0 — Wilson’s Cement OII^1 18 11 Blenheim — 2 6 0 Taranaki — 0 2 6

Copper— April 13. Per ton. £ s. d. April 17. Per ton. £ s. d. Standard, spot 44 3 9 42 16 10| Standard, forward 44 17 6 43 9 44 Electrolytic 46 0 0 45 15 0 to 47 0 0 46 15 0 Wire bars 47 0 0 46 15 0 Lead — Spot 13 0 0 12 11 3 Forward 13 6 3 12 17 6 Spelter— Spot 11 18 9 11 7 6 Forward 12 10 0 11 17 6 TinSpot 115 3 9 111 16 104 Forward 116 13 9 113 3 9 Silver — Standard, per oz . 12 15-16d 13 3-8d Fine, per oz 13 15-16d 14 7-16d