FARMING AND COMMERCIAL

Manawatu Standard, Volume LIII, Issue 251, 20 September 1933, Page 5

FARMING AND COMMERCIAL

BASE METALS MARKET.

BUTTER NOW 105/-106/-ANOTHER SHARP ADVANCE. MARKET REPORTED STRONG. There was another sharp advance on Monday in the price o£ butter in London, prices representing a rise of 4s to 5s a cwt since last Friday. On a strong market, New Zealand primest salted butter sold on Monday at 105 s to 106 s a cwt, the highest price recorded since October 29 last year. Joseph ■ Nathan and Co., Ltd., have received from London the following cabled advice, dated September 18: —New Zealand butter: Finest, 105 s to 106 s per cwt. Strong. New Zealand cheese: White, 53s per cwt; coloured, 545. Steady. The New Zealand Loan and Mercantile Agency. Coy., Ltd., have received the following advice from their London house dated September 18: —Dairy produce (quotations at September 13 in parentheses) : Butter, Now Zealand choicest salted, finest, 105 s per cwt.; first grade, 102 s (99s to 100 s). Cheese, unchanged (white 52s 6d to 535; coloured, 53s 6d to 545). The return of 105 s plus 24 per cent, exchange equals 12.35 d per pound f.o.b. New Zealand ports. SYDNEY WOOL SALES. VALUES MAINTAINED. SYDNEY, Sept. 19. At the wool sales to-day, 13,079 bales were offered, of which 11,929 were sold at auction, 1591 being sold privately. There was keen general competition, and values maintained their recent high levels. A feature of to-day’s auctions was _ tho strong demand for the best descriptions. Greasy Merino sold to for five bales from Boomi. AVERAGE PRICE OF 14Ad. “VALUES HAVE RECOVERED FROM SLUMP.” The Svdney Wool Selling Brokers report that tho average price of wool sold during the first three days of the week ended September 9 was £l9 5s per bale, or 14id per lb. These prices compare with an average of £ls 16s 6d per balo and 11.3 d per lb on tho first day of the series. Tho wool sold in the previous week averaged £l6 19s 6d per bale, or 12.7 d per lb. Mr R. J. Withers, secretary Sydney Wool Selling Brokers, writes“ With an average price of 14 Ad for early shorn wools it can bo definitely claimed that wool values have recovered from the slump and are on a payable level at tho moment. A hundred thousand bales have been sold, but there are over 1,000,06 U bales to be handled in this centre. -I all-important questieon is: Will the level be maintained and improved relatively as better class wools come on the market. As tho results so far have been brought about by an improved world-wide demand, accompanied with an inevitable _ world shortage in production, an answer in tne affirmative would seem to bo justified. “There is, however, a very present danger that -the position may bo white-anted through direct sales by owners to overseas buyers operating in the countrv. It is an open secret that much wool has already been purchased privately at_ below the auction rates. Wools bought in this wav enable tho buyer to underquote auction operators in dealing with Old World mills, the natural result of which is like,y to be a lowering of general buying limits, and an effective sprag to the upward trend. This undermining of the auctions is actually happening, and' owners would bo well advised to carefully review tho facts before selling privately. • “Owners are reminded that is only an average price, and that many lines ot early shorn wools have sold at auction from 20d ip 23d, and locks at 6d to as high as 9d. The average pr-ce is, therefore misleading as a basis for fixing p> >■ vate sale values. Furthermore, the fixing of' values in private negotiations for the choicer well grown clips on the opening levels is all in favour of the buyer. Woolgrowers have had a long era of unpayable prices and now that the return swing of the pendulum Has started it would be lamentable if they do not share to the utmost in the enhanced returns, and a littlo reflection should convince them that the auction market is the safest and soundest outlet for their clips.”

THE STOCK IMARKET.

BULLS SALE. Dalgety and Coy., Ltd., report having held their usual fortnightly ealo at Bulls on Monday, when an average yarding came forward, and was disposed of at full market rates. Quotations: Fat ewes, 17s, 17s 6d, 18s; fat lioggets, 14s, 16s, 16s lOd, 17s 6d; fat wethers, 23s 4d; etoro hoggets, 15s. Bigs were in strong demand and sold: Weaners, 14s, 15s, 16s 6d; slips, 20k. 6d, 235; stores, 21s 6d, 25s 6d; porkers, 26a. Cattle: Fat cows, £3, £3 6s; store cows, 15s, 245, 255, 30s; dairy heifers to calve, £3 ss, £3 15s, £3 17s 6d, £4 12s 6d, £4 17s 6d, £5 ss; dairy cows ill milk, £3; Jersey 2-yr bulls, £2 15s, £5; small yearling Jersey bulls, £1 9s, £1 17s. FLAXMILLING INDUSTRY. MILLS OPERATING. Some of tho Manawtu flaxmills have started and one in the Wairarapa (says a report). The number of millers operating, however, is less to-day than at this time last year. Many of them were facing a tailing market when they started last year, and as the season advanced they realised that'they were actually working at a loss, and the results at tho end of the _ season failed to make good. A better timo in the hemp market would no doubt induce more mills to reopen, but there is no indication at the moment of such improvement. On tlie other hand, as far as tho Manawatu mills are concerned, it is hoped that those in tho Foxton area wi,l be able to supply hemp to a new cordage lactory.

RURAL BAKINGS. Tliat horses are still in demand, was evidenced by the fact that at a liorse fair conducted in Wanganui on Saturday, .170 horses wore disposed of in under live hours. All lots brought satisfactory prices. The highest price recorded was £45 for a draugut mare. The New Zealand Co-operative Dairy Company, Limited, has decided to advance its butter and cheese suppliers lOd per lb buttenai tor finest cream and milk supplied. during August. The payments for tho August supply a year ago were Hid for butter and Is for cheese. __ In 1932 England imported 200,000,0000 dozen eggs and Denmark sent 63,0(XJ,0UU dozen, said Mr Eliot Davis, of Auckland, speaking yesterday to a meeting of farmers in Palmerston North. Mr Davis recently returned from a two years’ tour during which he studied the marketing ox primary produce in Britain and on tho Continent. That 65,000,000 dozen did not give two eggs per week to each person m isngland. nut the value of the eggs imported was' over £9,000,000. New Zealand was not on the map m this respect at all,' he said. It was a market that should be studied. . Speaking at a gathering of dairy suppliers at xe Kuit-i, Air C. 0. Parlane, general manager of the New Zealand Cooperative Dairy Company, Limited, said that with tlie present prices and the benefit of tho exchange suppliers should receive just over 12Ad per lb butteriat. New Zealand dairy farmers could look for better prices this season than last. During the three days of the National Jersey sale conducted at Claudelands (Hamilton) last week, 163 Jersey bulls were sold for 4309 A guineas, or an average of about 26i guineas. The best price of the sale was 135 guineas, anot “fj: bull sold for 101 guineas. At the 1932 sale, which lasted two days, 128 bulls changed hands at 4437 guineas, or an average of 34 2-3 guineas. The best price at that sale was 300 guineas. Victorian farmers feel that they have a grievance in not being allowed to ship some of their surplus onions to New Zealand. Usually they have a fair trade with tho Dominion at this time of year when local crops are not available, but the embargo imposed by the Government has closed this outlet. In Melbourne onions are quoted at £2 5s to £2 10s per ton and the local price is £9 to £lO. The matter of lifting the emoargo on tho importation of livestock was discussed at a meeting of the Poverty Bay Farmers Union, when a resolution was carried opposing the removal of the embargo unless such action was endorsed by a referendum of farmers. The matter was introduced by the president (Mr J. E. Benson), who said it appeared that a few interested persons were gaining some weight in favour of unrestricted importation, but it was the farmer who would have to pay the pipei for any harm that resulted. FRUIT AND VEGETABLES. WELLINGTON MARKET PRICES. WELLINGTON, Sept. 20. Prices of fruit, vegetables and other produce in the Wellington markets this week are reported as follow: — Apples.—Fancy grade Delicious, 7s to 8s 6d a bushel; fancy grade Sturmers, 7s to 8s 6d; fancy grade Doughertys, 6s 6d to 8s; Washington cookers, 7s to Bs. Pears.—Choice Winter Coles, 10s to 12s a bushel; choice Winter Nelis, 9s to 11s; choice fancy P. Barrys, 9s to 10s. Lemons.—New Zealand choice cured, 6s to 8s a bushel; tree ripened, 4s to ss. Celery, choice, 6s to 9s a . case. Passions, choice, short supply, 25s to 30s per box. Tomatoes, choice, hothouse local, 2s Id per pound. Potatoes, South Island-grown Dakotas, £5 to £6 ton; South Islandgrown Sutton Supreme, £5 to £6. Onions, brown Spanish prime, 10s per cwt; Canterbury, 4s to 5s cental bag. Cauliflowers, best, 7s to 10s per sack. Cabbage, choice, Drumhead, 4s to 5s per sack; spring cabbage, 2s to 2s 3d per case. Carrots, choice, 2s 6d to 3s 6d per sack. Parsnips, choice, 4s to 5s per sack. Swedes, choice, 2s to 2s 6d per sack. French beans, choice, hothouse, Is 6d per pound. Asparagus, choice, Is 7d to Is 9d per bunch. Green peas, choice, Nelson, 8d to lOd per lb; Hawke’s Bay, lid to Is Id per lb; Otaki, Is Id per lb. New potatoes, choice, 2£d to 23-4 d per lb. Poorman oranges, choice, 5s 6d to 6s 6d bushel. Cucumbers, choice, hothouse, 7s 6d to 10s dozen. Kumaras, choice, 8s 6d to 9s per case. Pumpkins, choice, grey, 5s to 6s per sack. Lettuce, choice, good heart, 6s to 8s per case. Rhubarb, choice, 6s to’Bs dozen bunches; forced, 8s to 10s per dozen bunches. Eggs, fresh, first grade, lOd to lid per dozen. Walnuts, prime, 6d per lb. Honey, bulk, 4d to 4Ad per lb. AUCKLAND MARKETS. POTATOES FIRMER. AUCKLAND, Sept. 19. The potato market has firmed as stocks have been worked off. Prices ex wharf to-day are about I £s 12s 6d.per ton, and through store £6. This represents a rise of 10s in the week. The market for onions is still supplied mainly from Pukekohe, and prices are unchanged, local at 9s to 10s per cwt, and southern at 7s 6d. Business in oats and chaff is steady, but very restricted. The fowl wheat market remains steady at about 4s lOd to 4s lid per bushel, but the demand is being interfered with by substantial quantities of undergrade lines that are offering at from 3d to 6d per bushel under the price asked for graded. Maize is steady at 4s 3d per bushel.

FOREIGN MEAT TRADE.

KILLINGS AND SHIPMENTS. ELEVEN MONTHS’ FIGURES. There wore largo increases in tho killings of beof and pork for export during the 11 months of tho 1932-33 season to August 31, according to tho returns issued this week by the Meat Board. Killings of lambs at nearly 9 millions showed a small increase, but killings of mutton at 2,010,392 carcases showed a heavy decrease of 864,932 carcases compared with those for the corresponding period of last season. Details of tho killings of fat stock for export for tho 11 months of this season and 1931-32 compare as follow: — 1932-33. 1931-32.

Exports of frozen meat during, tho 11 months to August 31 show largo increases in pork and beef, a small increase in lamb and a largo decrease in mutton. Details of shipments and destinations during the period, together with tho totals for tho corresponding period of last season, are as follow:: —

Tl, 1032-33 309,359 1,983,239 8,697,291 155,585 Tl, 1932-33 309,359 1,983,239 8,697,291 255,585 Increase 126,611 *726,891 177,777 118,455 'Decrease. In addition, 253,228 bags of boneless beef, mainly for Glasgow, were shipped during tho 11 months compared with 223,007 bags last season, an incrcaso of 40,221 bags. . . The Meat Producers’ Board is advised by cable from its London office that tho shipments from Australia and South America to tho United Kingdom during August wore as follow: — Australia: 53,991 carcases mutton; 109,610 carcases lamb; 71,707 quartors beof. South America: 52,049 carcases mutton; 185,987 carcases lamb; 2485 quarters beef (frozen) ; 464,557 quarters beef (chilled). The shipments from New Zealand to tlie United Kingdom for the same period were as follow: 331,523 carcases mutton; 767,086 carcases lamb; 25,137 quarters beef. There wore no shipments of meat from South America to the Continent of Europe during August. Stocks of frozen meat in cold stores in New Zealand as at August 31 compare as follow: —

COPPER AND TIN EASIER. LONDON, Sept. 18. The official London (middle) quotations for Monday, as reported by the Australian Mines and Metals Association, compare as under with those previously cabled :

FOREIGN EXCHANGES. POSITION OF STERLING. (British Official Wireless.) RUGBY, Sept. 18. The following rates on loieign exchanges were current to-day, compared with pnr:-

SILVER. LONDON, Sept. 18. Silver.—Cash, 18 7-16 d per ounce; forward, 18|d. LONDON STOCK EXCHANGE. LONDON, Sept. 18. P. and 0. deferred, 18s; Mount Lyell, 17s llfd. Dealings in Australian mines are reported as follow: Broken Hill, 30s l£d; North Broken Hill, 70s; Broken Hill South, 50s; Great Boulder, 10s 9d; Sons of Gwalia, 37s 3d; South Kalgurli, 32s 3d; Lake View, 27s 6|d; Zinc Corporation, ordinary, 28s 4£d, and preferred, 87s 6d; Kamunting Tin, 11s 2id; Sulphide. Corporation, 8s Rhodesia, 2s IJU; Wiluna, 54b 3d; New Guinea Gold, fe 3d; North Kalgurli, 12s 9d; Smelting Corporation, 13s llid; Bulolo Dredging, 79s 10id; Associated Gold, 4s 63d; nominal quotation, Perseverance, 3s 7jd.

WELLINGTON STOCK EXCHANGE.

YESTERDAY’S BUSINESS AND PRICES. There was again a strong market on the Wellington Stock Exchange yesterday. Buying activity was well maintained, 22 sales being recorded. Prices continued to show a firming tendency, and further gains were registered. Government loans were firmer on a strong buying demand, with few sellers showing. The 3£ per cent, stocks, 1938-43 and 1938-52, sold at £IOO 5s and £lOl 7s 6d respectively. Local body and other debentures were also firm. Amalgamated Bricks (Wellington) advanced 20s to £92, sellers coming in at £97. Interest in banks showed no signs of flagging', nor were sellers prepared to make concessions. National of New Zcalands advanced to sell at 85s 6d, with late buyers at 85s, Now South Wales moved up to £32 17s 6d, no sellers. E.S. and A. Bank gained another Is at £5 16s. Gas shares wore firm and active. Christchurch sold at 27s 9d, the demand being unsatisfied at that price. Wellingtons were done at 33s 7d and 33s 6d. Standard Insurance were done at 61s 3d late on Monday, and were wanted yesterday at 3d less. South British firmed to 745, sellers asking Is higher. New Zeala.nds were 6d better at 54s 6d, sellers holding for 55s 6d. There was a strong demand for meat shares. Gears.wore done at 33s 3d. New Zealand Refrigerating, £1 paid, sold at 19s 3d. and tho 10s paid at 9s 6d up to 9s lOd. Wellington Meat preference were steady at 15s 6d. Southlands were quoted at 50s 6d for the paid and 25s 3d for the contributing. Wellington Woollens were wanted at £5 9s. Now Zealand Breweries were easier at 36s 9d. In the miscellaneous section, British Tobaccos advanced to 36s lOd, sellers 37s 6d. A strong demand was seen for mining shares. Wailiis sold at 265, Blackwaters at 34s 9d, and Mount Lyells at 22s 3d. YESTERDAY’S QUOTATIONS. i Yesterday’s buying and selling quotations on the Wellington Stock Exchange were as follow

1 SIDNEY STOCK EXCHANGE. MARKET FIRM AND ACTIVE. SYDNEY, Sept. 20. On 'the Sydney Stock Exchange to-day there / was a strong market and a heavy turnover. Broken Hill shares were in demand! Banks and Commercial Bonds were active 1 and higher. Sales. —Bank of New South Wales, £33; Commercial Bank of Sydney, £lB 3s; Union Bank,) £lO ss;. National Bank of Australasia, £lO paid, £l3 ss; Colonial Sugar, £59 17s 6d; Howard Smith, 11s 8d; Australian Provincial Assurance, 11s lOd; Australian Gas, A, £7 6s; Berlei, contributing, 12s lid; ditto, ordinary 26s 6d; British Tobacco, 37s 6d; Dunlop Perdriau, 18s 4sd; Goldsbrpugh, Mort., 30s ljd; Tooths, 39u 6d; Tooheys, 245; Australian Iron and Steel, pref., 16s 6d; Commonwealth Wool, 19s; Miljaquin Sugar, 28s 3d; Henry Jones, 37s lOitl; Newcastle Gas, C, 12s Id; Standard Cement, 15s 3d; Wilcox Mofflin, 9s 6d. | Broken Hill Proprietary, 395; North Broken Hill, 86s 3d; South Broken Hill, 65s 3d; Mt. Lyell, 22s 6d; Bulolo Gold, 96s 9d. Commonwealth Bonds, 4 per cent., 1938, £lO3 13k 9d; 1941, £lO4 2s 6d; 1944. £105; 1947, £lO3 17s 6d; 1950, £lO4 17s 6d; 1953, £lO4 15s; 1957, £lO5 2s 6d; 1959, £lO5 12s 6d; 1961, £lO4 2s 6d. MELBOURNE, Sept. 19. Sales on the Melbourne Slock Exchange to-day included; National Bank of Australasia, £5 paid, £6 11s 6d; Gordon and Gotch, 36s 6d; Herald and Times, 43s 6d; Nestles, pref., 33s 9d; Dunlop Perdriau, 18s sd; British Tobacco, 37s 9d; Mt. Morgan, 48s Mt. Lyell, 22s 6d.

FARMING NEWS.

Beef (quarters) 427,848 180,821 Wether mutton (cs.) . 1,084,040 1,437,401 Ewe mutton (cs.) .. 926,352 1,437,923 Lamb (cs.) 8,793,736 8,805,195 Pork— Porkers (cs.) 260,766 127,211 Baconcrs (cs.) .. 51.984 21,702 Boneless beef (frt. cs.) 428,772 334,671 Sundries (frt. cs.) . 305,806 252,165 EXPORTS AND STOCKS.

Beef. Mutton. Lamb. Pork. Qrs. Cs. Cs. Cs. London 207.140 1,627,152 6,448,771 177,248 S’ tlrampton 1,756 81,679 406,141 203 Hull 202 749 — 497 Newcastle-on-Tyne 1,574 1,118 1,048 1,748 Liverpool 48,723 159,940 1,067,883 18,449 Glasgow 24,692 30,182 111,778 36,215 Avonmouth 7,341 56,026 373,026 17,483 Manchester 1,560 20,306 240,386 1,159 Cardiff 8,773 5,101 43,784 2,582 V ancouvcr 100 500 1,003 — Montreal 996 400 1,993 — New York 500 — — — Canada (East Coast ports — 8 — West Indies — • 14 — Shanghai 224 30 2 — llong-Kong — — 803 — Singapore — — 500 — Port Said 5,681 — — — S. Francisco 200 — 2 — Pacific Islands 97 56 152 1

31/8/33. 31/8/32. Beef (quarters) . 150,648 36,872 Wether mutton (cs.) . 89,575 110,754 Ewe mutton (cs.) . 89,575 238,253 Lamb (cs.) Pork—* . 193,730 355,976 Porkers (cs.) . 62,231 17,535 Baconors (cs.) 3,282 1.886 Boneless beef (frt. cs. 54,100 69,745 Sundries (frt. cs.) . 98,233 60.038 Stocks of frozen mea-t loaded into ships not departed from New Zealanc as at August 31 compare as follow:— 31/8/33. 31/8/32. Beef (quarters) — 2,268 Wethers mutton (cs.) . 14,841 30,874 Ewe mutton (cs.) .... . 14,624 32,922 Lamb .(cs.) Pork — . 34,352 145,776 Porkers (cs.) 4,121 609 Baconors (cs.) 1,141 20

Copper— Sept. 15. l J ci ion. £ s d Sept. 18. ir'er ton. £ s d Standard, spot . 55 9 44 35 7 6 Standard forward . 35 13 n 35 11 7 •Electrolytic .... . 38 15 0 38 10 ' ■o to 39 5 0 38 15 0 Wire bars 39 5 0 38 15 0 Lead — Forward 11 8 9 11 18 9 Spot 12 5 0 12 6 3 Spelter— Spot 16 17 6 16 18 9 Forward 17 3 9 17 2 6 Tin— fSpot 217 16 3 217 13 9 Forward 217 16 3 217 13 9 Silver — Standard, per oz. 181 d 18 7-16d Fine 19 15-16d 19Jd fAmcrican, 45.90 cents. a lb. * American, 9 cents a lb.

New York, dol. to £1 Sept. 18. 4.795 Par. 4.866 Montreal, dol. to £1 . 4.895 4.866 Paris, francs to £1 80 3-32 124.21 Brussels, bel. to £1 .. 22.425 35.00 Geneva, francs to £1 16.16 25.225 Amsterdam, florins to £1 7.765 12.107 Milan, lire to £1 59.50 92.46 Berlin, marks to £1 . 13.115 20.43 Vienna, schgs. to £1 . *29 34.585 Stockholm, knr. to £1 19.375 18.159 Copenhagen, knr. to £i 22.40 18.15S Oslo, knr. to £1 19.90 18.159 Prague, knr. to £1 . 105.625 164.25 Bel tors, marks to £1 226.50 J93.25 Madrid, pes. to £1 .. 37 7-16 25.225 Lisbon, esc. to £1 .... 103.75 110 Athens, drach. to £1 . 570 375 Belgrade, din. to £1 . 240 276.31 Bucharest, lei to £1 . 535 813.60 Warsaw, zloty, to £1 . — . 43.38 Bio do J., p. to mil. +4§ 5.899 B. Aires, p. to peso ., +44* 47.62 M. Video, p. to peso .. *36£ 51 Calcutta, p. to rup. . 18 18 Shanghai, p. to dol. . 15£ — H.-Kong, p. to dol. . 16 15-16 . Y’hama, p. to yen . 144 24.582 Batavia, florins to £1 7.80 12.107 ♦Nominal. tOfficial.

1 Buyers. Sellers. N.Z. GOV T. LOANS— £ s. d. £ s. d. 4 p.c. L onde, 1940 .. 101 0 0 — 4 p.c. d <to, 1946 100 5 0 101 2 6 4 p.c. d tto, 1949 101 10 0 — 4 p.c. d ito, 1955 100 10 0 — • 11 ural A L ances Bonds — 98 10 0 3 i p.c. Ins. StocK, 1939-43 99 15 0 — 3i p.c. ditto, 1938-43 .. 99 15 0 — 4 p.c. ditto, 1940 101 0 0 — 4 p.c. ditto, 1946 100 5 0 — 4^p.c. ditto, 1949 101 10 0 — 4 p.c. ditto, 1955 100 10 0 — DISBENTt JRES— Chch. City, 5i p.c., 1944 100 0 0 Dunedin City, Si p.c., 1944 100 5 0 — Well. Harb. Bd., 54 p.c., 1940 100 0 0 — Well. Gas Co 102 10 u — Well. Racing Club ... 94 10' 0 — Amid. Brick and Pipe, Wellinf d:on 92 0 0 97 0 0 BANKS *13 0 0 Comrcl. of Aust., ord. 0 16 11 0 17 1 Gomrcl. Banking Co., SydnejJ 17 18 0 18 4 0 Eng., Soot, and Aust. 5 16 0 6 2 0 National of N.Z 4 5 0 4 8 0 Nat. of Australasia, £5 paid 6 9 0 — New Soiiith Wales 32 17 6 — New Zci hand — 2 8 7 Ditto, “ 3” long term 1 13 6 1 14 6 o! Aust 10 5 0 10 10 0 FINANCIAL— Abraham and Williams 3 0 0 Goldsbrciugh, Mort and Co. A 1 9 3 National Mortgage “B” 1 6 9 N.Z. Gu arantee Corp., ord. 1 *0 7 5 0 7 11 Ditto, N. Z *1 2 6 U nvest., Mort. and Deposit 0 3 3 — N.Z. arid River Plate 1 2 0 — Well. Invest., T. & A. 0 4 3 — Well. Trust Loan .... 3 18 0 — GAS— 1 3 9 Christchurch 1 7 9 1 7 10 Ditto. j, ciontrib 0 13 3 — Wellington, ord 1 13 0 1 13 9 INSURANCE— National of N.Z — 0 18 5 New Zealand ' 2 14 6 2 15 6 South I British 3 14 0 3 15 0 Standard 3 1 0 — MEAT PRESERVINGGoar ileat, cum rights 1 12 9 1 13 6 N.Z. Ref rig., £1 paid 0 19 0 0 — Ditto, ,10s paid 0 9 6 9 10 . Well. South Meat Ex., pref. and Frozen Meat, 0 15 6 fully! paid 2 10 6 — Ditto. , contrib 1 5 6 — TRANSPORT— Union Steam, prof. ... 1 3 6 — WOOLLEN— 0 Wellington, ord 5 9 — Ditto, pref 5 9 0 TIMBER0 0 12 0 0 14 Leyland-O’Bricn 0 17 3 0 18 0 BREW! ;ries1 16 N.Z. Breweries 9 1 17 6 Staple and Co — 1 9 0 MISCELLANEOUS— British! Tobacco, Aust. *1 16 10 1 17 6 Coloniil Sugar 1 0 59 5 0 D.I.O. J pref 9 — Electr Zinc, 8 p.c., *1 13 0 p.c., part pref — Henry Jones Co-op. ... 1 16 6 — 0 Well. 'Queen’s Theatre — 1 1 WiEoi Cement, cum. 0 righ — 1 16 Norths, N.Z., Ltd., pref I1 15 0 1 16 6 New Colosseum — 0 (N.Z.), Ltd.. i 2 0 N.Z. Newspapers *1 7 3 — OIL— oa, ord 0 1 8 5 0 Motui oa, pref — 0 MININ 0 ider, contrib. ... — ID Big ft — u 1 9 vater 1 13 0 0 Fresliford 0 0 8 u y* Gillespie’s Beach Gold,fen Dawn Golden Sands 0 2 0 2 0 3 3 0 4 0 0 2 3 11 8 King Solomon *0 3 0 3 0 0 0 0 6 3 9 3 OkaCit Wailii 0 11 4 — *1 5 8 l 6 6 Waitahu Bell Hooper 0(0 0 0 lli 0 0 1 1 Bell 1 Kilgour ;••• — 0 7 Oxeifbridge (9d paid) Boulder Perseverance 0 4 0 0 0 4 i *Cum. dividend.