FARMING AND COMMERCIAL

Manawatu Standard, Volume LII, Issue 229, 27 August 1932, Page 5

FARMING AND COMMERCIAL

DAIRY INDUSTRY. APITI COMPANY. The annual mooting of shareholders of the Apiti Co-operative Dairy Company, Ltd., was held in tho public hall on Wednesday, Mr S. J. Strahan presiding. Tho report showed that during tho year, 506,788 lbs, of butterfat had been recoivod, from which was manufactured 275 tons Bcwt. 891 bs of buttor, an increaso of nearly 33 tons over tho previous season, and a record for tho company. After allowing for depreciation, Ibo carrying account showed a satisfflctory surplus ■>'. i2i'6 it 7d, while in addition cartage <.f butter and factory supplies r.n'ountea to apn-oximalciy £3ifc. This result was due principally to tho lower running costs of tho new truck. Tho credit balance on tho year's working amounted to £2239 17s 7d, which, with last year's balance, gavo a total of £2256 Is 5d availablo for distribution. Tho directors proposed to deal with this as follows: To pay a dividend of 3 per cent, on paid up share capital, and to make a final payment on butterfat of £2lll 12s 4d. Tho monthly payment to suppliors averaged 10.166 d per lb., which, with tho final payment of Id would bring tho total for tho year up to 11.166 d por lb. of butterfat over all grades. After adopting ihe report and balance sheet, the meeting proceeded to tho nomination and election to tho vacancies on the directorate, Messrs VV. J. Osborne and B. M. Flavall being re-elected. Tho directors for the coming year are Messrs S. J. Strahan (chairman), L. S. Gould, W. T. Pratt, VV. J. Osborne, E. H. Cummorficld, B. M. Flavall and D. W. Hogan. Mr A. H. McGuire was re-elected auditor. Mr A. R. McNao brought up the question of allocation of profits from tho carrying account, and moved as a recommendation that tho chargo per ton be reduced, or alternatively, that they bo distributed amongst those suppliers who took advantage of tho company's service. Votes of thanks were passed to tho directors and to the staff for their services. MARKETS STEADY. Cabled advice received from A. J. Mills and Co., Ltd., London gives the following market prices as ruling at the close of business on Thursday:—Buttor: Tho markot is slow. New Zealand finest, 109s-110s; firsts, 107s-108s; unsalted, 106s-108s. Danish, 110-112 s. Australian, 995-101 s. Baltio States, Siberian and Argentine butter, 85 88s. Choesc: The market is steady, New Zealand, whito, 635; coloured, 575-58 s. Can adian, whito, 62-635; coloured, 61s-62; c.i.f., 635. J. and J. Lonsdalo and Co (London), Ltd., report as follows: —Butter: Market steady; New Zealand, 109 s; Australian, 101 s. Cheese: Market slow. White, 625-635; coloured, 575.

Dalgoty and Co., Ltd., have received tho following from London under date August 25:—Butter: Market quiet. Danish, 110 s to 112 s (110 sto 112 s) ; Now Zealand, finest salted, 108 s to 110 s (107 s to 110 s); Ausfinest unsalted, 105 s to 106 s (1043 to 107 s); Australian finest salted, 99s to 101 s (100 sto 103 s) ; Australian, G.A.Q., 16s to 93s (96s to 995). Cheese: Market steady at present prices. Now Zealand white, 62s to 63s (61s to 625); coloured, 56s to 58s (56s to 58s) ; spot prico for Canadian white, 62s to 63s (60s to 625) ; coloured, 62s- to 63s (60s to 61s) ; c.i.f. price for Canadian, 62s to 63s (62s to 635). Last week’s quotations are shown in parentheses.

FARMING NEWS. RURAL HAKINGS. Farms of 40 and 50 acres in the vicinity of Port Elizabeth, South Africa, were capable of producing up to nine cuts of lucerne a year, said Rev. G. S. King, when addressing tho Wanganui Rotary Club. The Levin Chamber of Commerce has passed a motion to tho effect that a remit be sent to the Dominion Conference of tho Chambers of Commerce asking the Government to remove the duty on fowl .vheat.

“Don’t you think New Zealand would be much better off if it had a population of 5,000,000 ?” asked a county farmer of Dr Weston (of Lincoln College), when he was lecturing on economics in Ashburton. The lecturer’s reply was brief and unhesitating: “At the moment it would be a Godsend to this country if 50,000 people would disappear!” r “I certainly would not favour any suggestion to close the Ruakura Experimental Farm,” said the Minister of Agriculture, Hon. C. E. Macmillan, in an interview at Hamilton this week. Air Macmillan said there wero too many amateur farmers in tho Dominion already, and more places like Ruakura were wanted in which boys and men could be trained properly. Tobacco growing in Taranaki has excellent prospects, and cigars of very good quality have been made from leaf grown ut Tangarakau. Some years ago two settlers of Kohuratahi successfully grew an experimental area of tobacco and received very encouraging reports on the crop. Other farmers about Kohuratahi are known to have developed good healthy tobacco leaf. The average farmer in Taranaki would be better off if he ran fewer and bettor cows, declared an authority (states the Taranaki News). Flo remarked that he had been studying the herd testing returns and was surprised to find evidence in them of over-stocking of farms. Half tho present herds could bo advantageously cut out and better testing cows substituted in part. Up to the present tho season for lambing in tho Auckland district has been ideal. Indications are that the percentages will be high and there will be a very large number of early lambs for export to catch tho London Christmas trade. Although tho weather has been frosty, the recent rain has benefited country pastures, which arc now green. ' If the conditions continue favourable for the next three or four weeks it should bo a record season for production. A reply to a remit forwarded by tho Wanganui executive of the Farmers’ Union to the head office in Wellington was roceived at a meeting this week. The remit, proposed by the Wanganui branch, asked that it should be made illegal for any butter or cheese to be rotailed in New Zealand unless it boro tho manufacturer’s qamo on the wrapper together with tho brand and grade. The reply stated that tho branding of buttor and cheese to be retailed in New Zealand camo within the jurisdiction of the Health Department and that regulations provided for its sale. It was also stated that grading of buttor for local consumption was impracticable, because if it wore graded at the present grading ports, transportation costs and deterioration would result in an unccono-

SHEEPSKINS AND HIDES. GOOD DEMAND AT WELLINGTON. The usual fortnightly (sale of ehoepskina, hides and tallow was held yesterday by the combined Wellington brokers. A good offering of sheepskins was submitted, all grades being in demand. Prices generally showed an improvement of i<i to id on late rates. Salted 6kins were in request at prices 2d to 3d better. The inquiry for hides was keen, and values all round for heavies, medium and lightweights were fully up to previous quoted rates. Kip and yearling met a strong market and showed an appreciation of id to id. Calf again sold ivcll at prices id better. Weights under 61b sold from 2gd to 6d, and 6-81 b 3id to sd. There was a fair demand for tallow, prices showing little variation on last sale's rates. The following is tho official range of prices:—Dry sheepskins: Halfbred, 3id; fine crossbred. 3£d to 3Jd; medium crossbred, 2Jd to 3d; coarse crossbred, 23d to 3d; halfwools, 2d to 3d; quarter-wools, lid to 2id; pelts, id to lid. Salted skins: Pelts, —; quarter-wools, lOd; half-wools. Is to Is 4d; three-quarter-wools, Is 3d to Is 6d; fullwools. Is 8d to Is 9d; lambs, Is. Hides: Ox 331 b to 441 b, 2id to 4d; 451 bto 521 b, 3d'to 4|d; 531 bto 591 b, 3d to 4|d; 601 bto 691 b 4d to sid; 70 and over, 3£d to sid; cow' 331 b to 391 b, 3d to 4d; 401 b to 481 b, 3d to 41d: 491 b and over, 3|d to 4id; kip, 251 b to 321 b, 2Jd to 4id; 171 b to 241 b, 2gd to 4Ad; yearling, 111 b to 161 b, 2Jd to 4Jd; calf, 91b to 101 b, 34d; 61b to 81b, 3id to sd; lib to 51b, 2§d to 6d. Tallow: In casks, 16s; in tins, etc., 8s to 14s 9d. Sundries: Horse hair, 9d.

FEILDING STOCK SALE. GOOD DAIRY STOCK IN DEMAND. A falling off in the quality of tho fat sheep yarded was reponsiblc for tho quotations being baroly maintained at Fcilding yesterday. Some good individual pens brought high prices, but tho average quality and values vera bolow last week's. There was only an odd pen or two of store shoop, tho supply being insufficient to indicate tho trend of value. In tho dairy cattle section both good cows and heifers advanced in price despite a heavy entry, of which a good clearance was made. Storo cattle registered little, if any, change in value while fat cattlo_ were firm at late rates. Tho following is tho range of prices:— Fat Sheep.—Ewes 9s Id, 10s 7d, lis Id, lis lOd, 12s Id, 13s; prime maiden owes 14s; hoggets 9s lOd to lis 4d; prime singles 15s; wethers, lis, lis sd, 13s 3d, 13s lid to 14s 6d; extra prime 2-th do. 16s Id. Storo Sheep.—Six-tooth ewes with lambs 15s ifd; others 13s lOd; empty ewes 6s. Dairy Stock.—Heifers r.w.b., £l, £1 7s 6d, £2 ss, £3 7s 6d, £4 ss, £5 2s 6d, £6, £6 17s 6d, £7 5s to £8 ss; heifors in milk, £l, £1 12s 6d, £2 10s, £3 to £4; cows, Sept. calvors, £2 ss, £3 10s, £4 15s, £5 10s, £6 15s to £7 ss; cows in milk, 15s, 27s 6d, 37s 6d to £2 12s 6d; springing cows, £2 ss, £3 10s, £4 sr, £5 10s, £6 10s £8 to £9. Store Cattlo.—Yearling heifers, 10s, 25s to 365; select Jersey do., £2 lis, £2 13s, £2 16s; cows, lis, 15s, 20s to 42s 6d; yearling bulls, 18s 6d to 255; do steers 13s 6d: empty forward heifers, £2 19s: cow and calf, £1 16s. Fat Cattle.—Cows. £1 17s 6J, £2 2s 6d, £3 14s, £4 17s to £5 4s; heifers, £2 12s, £5 ss, £5 17s 6d to £6 ss. AUCTIONEERS' REPORT. Associated Live Stock Auctioneers, Ltd., report on their Foilding sale held yesterday, as under:—Again wo had a good yarding of fat sheep, principally comprised of owes. Wethers and fat hoggots were yarded in medium numbers. We had just a medium entry of storo sheep, practically comprised of breeding ewes with lambs at foot. These solicited keen •bidding. Fat cattlo: A heavy yarding in this section came forward, some particularly nico station bred cows and heifors being yarded, which sold under keen competition. Prices hardened on last week's quotations. Store cattle, of which there was a medium yarding, only sold at recent rates. Dairy cattle were yarded in large numbers —the total comprised 275 head. Included in this total 175 springing heifers were yarded for which keen demand was shown for best cows and heifers right to tho end of tho sale. Quotations arc: —Fat sheep : Wethers, lis sd, 13s 3d, 13s lid, 14s Id, 14s 5d to 14s 6d; fat hoggets, 9s lOd, lis 4d, 15s to 16s Id; shorn fat hoggets, lis Id; fat ewes, 9s Id, 10s 7d, 10s lOd, lis, lis 6d, lis lOd, 12s to 12s 2d; extra prime S.D. ewes, to 12s 3d and 14s. Storo sheep: 6-th ewes with 100 per cent. b.f. lambs at foot, to ; 15s 3d; 5-yr. ewes with 100 per cent, lambs at foot, 12b to 13s lOd. Fat cattle: ! Station cows, £3, £3 7s, £3 14s, £4 6s, £4 17s, £5, £5 Is, £5 5s to £5 17s 6d; ] fat station-bred heifers, £5 3s, £5 ss, £5 12s, £5 18s, to £6; fat cows, dairy bred. £1 8s 6d, £1 12s 6d, £1 15s, £2, £2 12s, £2 17s 6d. Store cattle: Storo cows, lis, 12s 6d, 13s 6d, 15s, 17s 6d to 28s; yearling Jersey heifers, £1 ss, £1 16s, £2 lis, £2 13s, £2 16s, £2 19s; mixed sex yearling Red Polls, low condition, 12s 6d. Dairy cattle: Springing heifers, in lines of 11 at £6, 7 at £4 ss, 5 at £7, 6 at £6, 6 at £5, 5 at £6 15s; singles, £2 ss, £3 2s 6d, £4 15s, £5, £5 2 3 6d, £5 ss, £5 15s, £6 2s 6d, £6 10s, £7 ss, £7 17s 6d to £8 ss; heifers in milk, £1 17s 6d, £2, £2 10s, to £4; best cows, springing, £3 10s, £4, £4 15s, £5, £5 10s, £5 15b, £6, £6 10s, £6 15s, £7 ss, £8 to £9; others, £1 10s, £1 15s, £1 17s 6d to £2 ss; cows in milk, £1 10s, £1 17s 6d, £2 12s 6d to £3 ss.

FEILDING MART. Prices at the mart in Feilding yesterday were as follow:—Poultry.—Hens, 2s to 3s 2d; cockerels 2s 3d to 3s 6d. Pigs.—Wcanors, 8s to 14s 6d; slips, 8s to 15s; stores, lis to 16s; porkers, £1 Is to £1 10s; baconcrs £2 Is; sow, £2 ss. EKETAHUNA SALE. A good yarding of dairy cattle and pigs was offered by Associated Live Stock Auctioneers, Ltd.| at the Eketahuna. sale. The entry included several good lots of cows and heifers near calving. These were keenly competed for, and practically a total clearance was effected at very satisfactory prices. Quotations are as follow: Good springing heifers, 3 at £6, 1 at £6 15s, 1 at £5 ss, 2 at £5 10s, 1 at £5, 1 at £4 10s, 3 at £4 12s 6d, 5 at £4 7s 6d, 2 at £3 15s, 1 at £3; good springing cows, 1 at £7, 3 at £6, 1 at £6 10s, 1 at £5 17s 6d, 2 at £5; late-calving cows, £3 7s 6d to £4; store cows, 14s 5d and 12s; forward cow, £1 ss; weaner Jersey bulls, £1 10s. Pigs: Good slips, 7 at 15s 6d, 1 at 15s, 2 at 14s 6d, 10 at 14s, 9 at 13s 6d; weaners,' 2 at 12s 6d, 1 at 12s, 1 at 10s, 5 at 8s 6d; 2 young sows, 275. IN THE WAIKATO. There has been a distinct improvement in the stock market during the pfcst week (says a Hamilton report) The recent change in the weather lias made a wonderful difference to the pastures, and a few more days' sunshine and warm rain will do a lot to alleviate the farmers' anxiety for the remainder of the winter. Beef has not been quite so plentiful, and although there does not appear to be any signs of a shortage, it is possible that the quality may not keep up. This, to somo extent, is duo to the severe winter, as very few cattle have been improving during the last month or so, and cattle that are being marketed now have been held fat practically through the winter. There is also a better tone in the store cattle section, and with en improvement in the pastures more activity will still be displayed. The fat sheep market has also shown a slight improvement. This, to some extent, is due to the short yardings that have been coming forward. Vendors who have held fat sheep through the winter with the expectation of a rise in value have had no encouragement to face the open market, and consequently short markets have been the order of the day. The most pronounced shortage appears to be in fat ewes, but it will not be long before sheep-farmers will bo culling all empty ewes from their main flocks. There is practically no activity in the store sheep section, and this will more or less remain dormant until after lambing operations have ceased. There has been a distinct improvement in the dairy section; especially is this noticeable with in-calf heifers, and as the feed cornea away still further improvement can bo looked for.

BRADFORD TOPS MARKET. Wright, Stephenson and Co., Ltd., and Abraham and Williams, Ltd., report having received cable advice from their Bradford agents regarding the tops market, reading as follows: Merinos, id up; fine crossbreds, id up; medium and coarse crossbrods hardening. A fair amount of business passing in Merinos, a little business passing in crossbred. A much better tone prevails. RABBIT SKIN SALE AT WELLINGTON PRICES SLIGHTLY FIRMER. The fourth rabbit skin sale of the season was held at Wellington yesterday. Skins coming forward now are in better condition to grade into lots suitable to furriers and exporters. Competition was keen, and as comparod with the July sale rates prime winters were slightly better, other grades appreciating Id to 2d. Super winter blacks sold to 37d, Ist winter bucks to 33id, Ist winter does to 30d, early winters to 17d, incoming winters to 15£d, winter spotted to 12id. The following is the range of prices: Racks, 3d to 3id; summers, Id to 2d; milky, lid to 2Jd; dawny autumns, 4d; autumns, 5d to 7id; early autumns, sid to 6|d; late autumns, 7d to lOd; incoming winter black, to 13id; winter black, to 30d; early winters, 14d to 17d; winter bucks, to 19jjd; winter does, to 21id; super winter bucks, to 37d; Ist winter buck*, to 33Jd; Ist winter does, to 30d; incoming wintorfi, to 15id; winter spotted, to 12id; f.s. and b.s. skins. Id to sid; haro skins, to 3d.

WELLINGTON STOCK EXCHANGE. YESTERDAY'S BUSINESS AND PRICES. With twelve sales rocorded and a lengthy list of buying quotations, the Wellington stock and sharo market yesterday was as active as ever. In Government securities prices were rather firmer. The 4i per cent, bonds, 1938, were sold at £95 10s, and buyers' bida wore ss. to 10s higher. Although a. sale of Commercial Bank of Australia at 14s Id lato on Thursday was the only recorded turnover in this section yesterday, the market was fully firm. Nationals of New Zealand advanced another Is to 745, without drawing sellers. Union of Australia were Is 6d up at £7 2a 6d, but sellors kept out, Financial, gas, insurance and meat shares were in active demand at firm rates. New Zealand Insurance were done at 425, and more were wanted at 41s 9d. National Insurance were another point firmer at 13s sd. There was fairly active trading in N.Z. Breweries. Three sales were made on 'change at 263 lOd, and three others were reported, two at 26s 9d and one at 26s Bd. There were buyers quoting 26s 9d at the close, but sellers wanted 275. Staples firmod Btl to 23s 2d, and Tooths were 6d up at 28s, with no sellers in either case. British Tobacco sold late on Thursday at 29s 6d, and more were wanted yesterday at 3d lower, sellers asking 30s. A bid of £44 for Colonial Sugars showed an easing on the week, but sellers stayed out. Wilson's Cement were again firmer at 30s 6d, sellers moving up to 31s 9d. There were buyers in the list for Woolworths preforenco at 25s 9d, and Milburn Lime at 25s 6d. There was a good demand for mining shares. Waihis sold lato on Thursday at 16s sd, and more were offering yesterday at 16s 7d.

YESTERDAY’S QUOTATIONS. Buying and selling quotations at yesterday’s final call on tho Wellington Stock Exchange were as follow: — Buyers. Sellers.

SALES IN OTHER CENTRES. ! The following sales were recorded on the stock exchanges of tho Dominion yesterday: Auckland.-Auckland EJeotric Power Board, 5i p.c, 1945, £97; Coram Bank of Australia, pref., £6 19s; National Bank of N Z £3 14s 6d; Bank of New Zealand, £2 7s 3d- New Zealand Insurance (2), £2 2s; Goldsbnough, Mort, £1 4s; New Zealand Breweries, £1 7s; British Tobacco £l^9s. 6d, <"1 9e 7d; Farmers' Trading, Is; (jolden Point, 9d; Waihi, 16s sd; Waihi Junction, 3s- Paddy's Point, 5s paid, 4s 10id; Broken Hill Proprietary, 17s; Blackwator Mines, Christchurch Comm. Bank of Aust. (2), 14s 2d- (3) 14s 2d, 14s Id; Bank of New Zealand, £2 7s 3d, £2 7s; South British Insurance, £2 18a; Dalgoty and Co (4), £7 15s, £7 15s; Goldsbrough, Mort (2), £1 4s, £1 4s Id, £1 4s sd; New Zealand Breweries, £1 6s 9d, *1 6s lid; Tooths Brewery, £1 8s 3d; Mount Lyell (4), £1 Os Id; Blackwater Mines, 13s 2d; Golden Point (2), 9id, 9d; King Solomon, Is lid, 2° } Mahakinawa (2), 4d, (3) 4W; Okar.to, 8s 8d: Golden Sands. Is paid (6), la Id. Sales roported: Auokland Electric, 5£ p.c., 1945, £97; Commercial Bank of Aust. (Z), 14s 2d; New Zealand Breweries, £1 6s lOd. SYDNEY STOCK EXCHANGE. SYDNEY, Aug. 26. On the Stock Exchange healthy conditions were again noticeable, and bonds were very firm. Sales: Bank of New South Wales, £29 12s; Commercial Bank of Sydney, £l6 7s 6d; National Bank, £5, paid £5 19s; Queensland National, £5 7s 6d; Bank of Adelaide, £5 12s 6d; Burns, Philp, 455; Howard Smith, 10s 8d; Adelaide Steam, 20s 6d; Australian Gas A, £6 115.6 d; Dalgetys, £9 Goldsbroughs, 27s lOJd; ditto New Zealand delivery, 27s 9d; Henry Jones, 34s 3d; Berlei, 24s 6d; Australian Glass, 445; Tooths, 325; Tooheys, 20s 10id; Broken Hill Pty., 18s 104 d; North Brokens, 67s 6d; New Zealand Debentures, 54 per cent., 193/, 11W Bonds, 4 per cents 1938, £99 15s; 1941, £99 12s 6d; 1944, £99 15s; 1947 £99 17s 6d; 1950, £9B 12s 6d; 1953, £9B7s 6d; 1955, £9B 2s 6d; 1961, £99 17s 6d. P. AND O. DEFERRED SHARES. LONDON, Aug. 25. P. and O. deferred shares sold to-day at Mount Lyell shares sold at 17s bd. 20s. OVERSEAS GRAIN MARKETS. LONDON. Aug. 25. Wheat cargoes to-day were unchanged. Parcels closed steady. Futures London, September 25s Oid per quarter, December 24s 7id, February 24s 8d; Liverpool .October 5s 6d per cental, December 5s 5 7-brt, March 5s 6id. Spot trade is slow and irregular. Australian, ex ship, 28s 9d. Flour is quiet. Australian, ex store, 19s 6d to 20s per sack. Oats are dull and irregular. Peas and beans are unchanged.

RATES OF EXCHANGE. LONDON, Aug. 25. The following rates on foreign exchanges were current to-day, as compared with par:

PRICES OF METALS. SYDNEY, Aug. 26. The official London (middle) quotations for Thursday, a-s received by the Australian Minos and Metals Association compare as follow with those previously cabled:

CANTERBURY MARKETS. Per Press Association. CHRISTCHURCH. Aur. 26. The Waipiata left Lvttelton last night for northern ports with a record cargo of potatoes, 9410 sacks, of which only 1970 sacks were taken ahoarrl at Lyttelton. This heavy shipment., the bulk of which is for Auckland, has given the market a set-back, and

yesterday and to-day there wero sales of August deliveries ut £5 5s f.o.b. s.i., while Septembers to-day were quoted at £5 15s to £5 17s 6d. Quotations to farmers for September are £4 17s 6d a ton. Fowl wheat is in firm demand at 4s lOd f.0.b., s.e. Oats and chad are meeting a very slack demand, and seeds arc meeting with restricted demand.

N.Z. GOVT. LOANS— £ s. d. £ 6. d. 4i p.c. Bonds, 1939 ... 95 0 0 — 0 4£ p.c. ditto, 1938 5£ p.c. ditto, 1936 and — 95 15 Fob., 1937 98 17 6 — 51 p.c. ditto, Sep, 1937 101 2 6 — 51 p.c. ditto, 1937 95 10 0 — 41 p.c. Jna. Stk., 1838 94 15 0 — 4£ p.c. ditto, 1938 — 95 12 6 5£ p.c. ditto, 1936 98 17 6 99 5 0 51 p.c. ditto, Feb, 1957 — 99 5 0 5l p.c. ditto, Sep, 1957 101 6 0 101 10 0 DEBLNTURES — Well. Harb. Bd., 5£ p.c., 1940 100 0 0 — Eastbourne Boro., 6£ — 97 0 0 Taumarunui Boro., 6 96 0 p.c., 1945 — 0 BANKS— *9 18 — 0 Commercial Aust., ord 0 14 0 — Ditto, prof 6 16 0 — Eng., Scot, and Aust. 4 4 0 — National N.Z 3 14 0 — New South Wales ... — •27 5 0 New Zealand 2 6 6 2 7 2 Ditto, long term 1 8 0 — Union of Aust FINANCIAL— 7 2 6 Goldsbrough, Mort ... 1 3 11 — N.Z. Guar. Corp., ord N.Z. Loan and Merc., 0 5 9 0 0 6 6 ord 39 0 — GASAuckland, rontr 0 14 10 — Christchurch 1 4 4 1 5 6 Wellington, ord 1 9 10 1 10 9 INSURANCE— 0 13 National b — New Zealand 2 1 9 — South British MEAT PRESERVING— 2 16 1 12 0 0 — N.Z. Refrigerat. (10s) 0 4 4 0 4 7 Well. Meat. Ex., pref. TRANSPORT— 0 13 0 Union Steam, pref. ... 0 19 11 WOOLLEN— 6 15 0 Wellington, ord 4 10 0 — Ditto, pref 1 T.MBER— 4 11 0 10 0 0 National 0 3 0 0 6 0 I’, It EWERIES — 0 New Zealand 1 6 9 1 7 Staples and Co 1 3 2 , 1 8 Toohey’s 0 18 0 0 19 6 \J ISCELLANEOUS — 1 10 British Tobacco, ord. 1 9 O Burns, Philp and Co. 2 0 6 2 2 Colonial Sugar 44 0 0 0 13 Dunlop Rubber Electro. Zinc, ord. ... 0 14 0 Ditto, pref — 0 2 16 N.Z. Farmers’ Fer0 14 Sharland and Co., ord 0 14 3 — Ditto, pref Wilson’s Cement 0 15 1 10 6 1 11 9 Woolworths, pref 1 5 Milburn Lime and 1 5 OIL— 0 3 i 0 3 9 T i hi 0 1 7 . MINING— 0 0 ICing Solomon 0 1 8 — Maliakipawa 0 0 1 0 0 16 0 3 Mount Lyell Waihi .•••• Wailii Grand Junction 0 2 6 1 Big River, Is paid ... Ditto, lOd paid Kawarau ••••.• •Cum. dm3 0 1 0 0 1 3 0 0 0 0 end. 10 1 -

Aug. 25. Par. New Yor! It, dol. to £1 ... 3.46£ 4.866 Montreal. dol. to £1 3.925 4.866 Paris, fri 88 9-32 124.21 Brussels, bel. to £1 24.935 35.00 Geneva, f 17.805 25.225 Amsterda: m, florins to £1 8.595 12.107 Milan, lir e to £1 67.50 92.46 Berlin, m arks to £1 14 9-16 20.43 Stoekholn i, knr. to £1 ... 19.475 18.159 Copenhag on. knr. to £1 18 25-32 18.159 Oslo, knr •. to £1 19.35 18.159 Vienna, s *30 34.585 Prague, 1 cnr. to £1 117 164.25 Madrid, ; pes. to £1 43 25.225 Lisbon, ei 3C. to £1 110 110 Hel'fors, marks to £1 ... 232.50 193.23 Athens, d rach. to £1 555 375 Belgrade, din. to £1 .... 215 276.31 Bucharest , lei to £1 592.50 813.60 Warsaw, zloty to £1 31 43.38 Rio de J. "5 5-32 16.70 B. Aires, * 47.62 M. Video , p. to peso *30 51 Calcutta.. p. to rup 18 7-64 18 Shanghai, 21 17-32 — H.-Kong, p. to dol 16i — Y'hama, p. to yen 16 24.585 Batavia, gl. to £1 'Nomina!. 8.62 12.107

Aug. 24. Aug. 25. Per ton. Per ton. Copper — £ s. d. £ 8. d. Standard, spot ... ... 34 7 6 34 1 3 Standard. forward .53 17 6 33 13 9 ‘Electrolytic ... 36 10 0 36 10 0 to 37 10 0 37 0 0 Wire bars ... 37 10 0 37 0 0 ... 11 15 0 11 17 6 Forward ... 11 17 6 12 0 0 Soeltei - _ Spot. ... 14 2 6 14 2 6 Forward ... 14 6 3 14 7 6 Tin— . . Spot tForward ... 142 16 3 145 17 6 ... 144 11 3 147 6 3 Standard, per oz . ./ 18 l-16d 18 1-Sd Fine, per 07. ... 191d 19 9-16d fAmerican, not quoted. ‘American, 5.5 cents a lb.