FINANCIAL AND COMMERCIAL.

New Zealand Herald, Volume LXIII, Issue 19460, 16 October 1926, Page 11

FINANCIAL AND COMMERCIAL.

STOCKS AND SHARES.

AUCKLAND STOCK EXCHANGE THE WEEK'S TRANSACTIONS. Business was again quiet on the Auckland sharemarket yesterday. In Government securities there was sale of War Loan, 1930, at £97 '7s 6d. Most classos of Inscribed Stock were quoted, but no business passed. In commercial debentures New Zealand Breweries sold at 23s 9d. In banks Unions of Australia had late sale at £ls 4s. In insurance New Zealands were done at 39s 3d, more being wanted at that figure, tellers 39s 6(1. South British were steady at 61s 6d and 595. In coal Hotheringtons, 10» paid, changed hands at 9s. In miscellaneous Electrolytic Zinc sold at 375. There was some movement in Taranaki Oil, sales being made at 7s, 7s 6d and 8s 3d. The market opened at 8s 3d and 7s 6d and closed at 9s 3d and 8s 6d. In mining Alburnias were done at 4s 8d and 4s 9d.

Following is a summary of transactions since Friday of last week. In the second column is given the return, based on the last dividend, from investment at the quoted price. In the case of Government and other redeemable securities the return includes redemption. The first column gives the figure at which the latest sale was made during the week: —

Tho following sales took place yesterday:—War Loan, 1930, £97 7s 6d; New Zealand Breweries, 23s 9d; Union Bank of Australia, £ls 4s; New Zealand Insurance, 39s 3d; Hetherington Coal, 10s paid, 9s; Electrolytic Zinc, 375; Taranaki Oil, 7s. 7s 6d. Bs. 9d; Alburnia,'4s Bd, 4s Od.

CALL AND DIVIDEND LIST. Dividends— Due. Vaihi—ls per share . . ~ Nov. 3. CallsCaledonia Enranui 3Joanalaiari--2d per share ... .. Oct. 55.

THE LONDON MARKETS.

QUOTATIONS FOR STOCKS.

FOREIGN EXCHANGE RATES.

Australian and N.Z. Cable Aesociaticm(Recd. 10 p.m.) LONDON, Oct. 11

Tho following table gives quotations for consols and colonial inscribed stocks, compared with those of October 7:— .

FOREIGN EXCHANGES. The following rates on foreign exchanges aro current, to-day, as compared with the cabled quotations on October 11 and par:— Oct. 14. Oct. H, Par. Brussels, fr. .. 172.00 174.75 25 225 Paris, fr. .. 1 (19.75 168.87 25.225 Stockholm, kr. .. 18.15 18.15 18.159 Oslo, kr. .. .. 20.39 22.14 18.159 Copenhagen, kr. 18.24 18.29 18159 Berlm, r.m. .. 20.3S 20.38 20.43 Rome, hre .. 119.87 117.62 25.225 Calcutta, pence 17 7-8 1.7 5-8 24 Yokohama, pence 23 31-32 24.00 24i Hongkong, pence 24 241 Montreal dol .« 4.85 1-8 4.85 i 4.866 ISew \ork, dol. .. 4.85 3-16 4.85 3-16 4.866 Amsterdam, fl. .. 12.13 12.12 3-8 12.10 Batavia, f). .. 12.08& 12.08 12.10 THE METAL MARKET. (Quotations on October 11 in parentheses.) Copper.—Spot, £59 8s 9d (£57 13s 9d); three months, £6O 6s 3d (£59 8s 9d). Lead.—Spot, £3l 5s Od (£3O lis 3d); three months, £3l (£3O 8s 9d). Spelter.—-Spot, £34 10s (£34 3s 9d); three months, £34 6s 3d (£34 Is 3d). Tin.—Spot, £3lB 17s 6d (£315 ss); thfee months, £306 7s 6d (£303 15s). Silver.—Standard, 25 13-16 d (25 15-16 c l) per oz.; fine, 27 7-8 d (28d). WOOL. The Bradford tops market is distinctly easier in all grades, with very little business passing. Quotations are as follow: Sixty-fours, 47|d; sixties, 43d; fifty-sixes, 38d; fifties, 29Ad; forty-sixes, 26d; forties, 20J,d. WHEAT, FLOUR AND PULSE. Wheat.—Cargoes are firm and prices are tending higher on the strength of tho American freight position. Parcels aro in fair request at advanced rates. Liverpool futures are quoted as follows: —October, lis 7gd per cental; December, lis 2^d; March (buyers), 10s May, 10s Bsd. The spot trade is active and prices aro advancing. Flour.—The market is firm. Australian, ex-store, is quoted at 43s 6d. Oats.—The market is hardening. Peas and Beans. —The market is quiet but steady. ANGLO-PERSIAN OIL CO. INCREASE OF DIVIDEND. Australian and N.Z. Cable Association. (Reed. 10.30 p.m.) LONDON. Oct. 14. The Anglo-Persian Oil Company has increased the year's dividend from per cent, to 17£ per cent. It has also given a bonus of one share for every two now held. AUCKLAND COMPANIES. THREE NEW REGISTRATIONS. Three public companies have been registered in Auckland, details being as follows: Taneatua Afforestation, Limited, to purchase, lease, or otherwise acquire lands for tree planting. Capital £30.000. Subscribers : D. R. Walker, K. C. .Torgensen, A. H. Skelton, H. R. Maxwell, W. E. Fullerton, A. Menzies and F. T. Eyre, four shares each. Occidental Una United Gold Mining Company, to carry on mining; in the Thames district. Capital £25,000. Subscribers : C. S. Donovan, A. F. Sawyer, A. C. Rae, J. H. Ensor, J. McCormick, D. T. Dunlop, H. Brownlee, 500 shares each. Blue Star Motor Service, Limited, to carry on the business of omnibus proprietors in the Birkenhead and Birkdale districts. Capital £2OOO. Subscribers: T. M- Shepherd, E. Taylor, C. H. Mackwood, P. G. K. Lee, P. Thomas, 25 shares each ; P. Deunen and E. M. Fry, 10 each; W. J. Hilder, five. CHICAGO WHEAT MARKET. Australian and N.Z. Cable Association. (Becd. 5.5 p.m.) CHICAGO, Oct. 14. Wheat.—December, 1 dollar cents per bushel ; May, 1 dollar 44§ cents. MELBOURNE PRODUCE. A. and N.Z. MELBOURNE, Oct. 15. Tho following are to-day's quotations on the Melbourne produce market:— Wheat.—Nominal,, 6s per bushel. Flour.—£ls 10s per ton; cash, £ls ss. Oats.—Milling, 2s lid to 3s per bushel; feed, 3s 9d. Barley.—English, 4s 3d per bushel. Potatoes.—£lo to £l2 per ton. Onions.—£24 per ton. FEILDING STOCK SALE. [BY TiILEGRATH. PRESS ASSOCIATION.] FEILDING, Friday. At tho FeDding stock sale a medium yarding of sheep was offered beforo a attendance of buyers. A better tone was in evidence than at recent sales. Bidding was spirited and there was keen competition for the majority of lines offered. Fat sheep Bold at about late rates, and stores showed an appreciable rise, taking the quality and i condition into account. The following prices Were realised:—Fat woolly ewes, 27s to 31s; fat shorn wethers, •23s 4d to 25s sd: fat woolly wethers. 355. Sfore Sheep.—Fair woolly eweß and hoggets, 25s fid: M.S. eweß and hoggets, 21s to 225: Jour-tooth shorn wethers, 19s Gd; fourtooth woolly wethers, 29s 9d. There was a small entry of cattle in all classes, with a dragging sale. Good quality heifers and dairy cows in condition met I a good demand. Stores were in i'hort supply. Prime fat cows made from £lO 12s fid to i'l2 2s fid; light, fat bullocks, .€8 12s fid; fat bullocks, £ls 10s. A line of purebred two-year Aberdeen Angus bulls in poor condition sold from 7sgns to 12gns. SOUTHERN EXCHANGES. [nt TELEGRAPH,—PRESS ASSOCIATION. J CHRISTCHURCH. Friday. The follnwina sales were made on the Stock Exchange to-daj:—Goldsbrough, Mort, 50s 3d; Electro. Zinc (ord.), 375; N.Z. Refrigerating (con.), fis 3d; Staples Brewery. 37s lOd; N.Z. ftrug, 70s 3d (2 parcels). DUNEDIN. Friday. The following Bales took place on the Stock Exchange to-day:—Bank of New Zealand, righto, 0b 3d (two) ; Standard Insurance, fiOs; St. Batlians (A isßue), 6a, prein.

LONDON BUTTER PRICES.

MARKET STILL VERY WEAK. NEW ZEALAND 140s TO 1445. Australian and N.Z. Cable Association. (Heed. 10 p.m.) LONDON. Oct. 34. The cheese market is quiet. New Zealand is quoted at 82s. The butter market is very weak and prices have been heavily reduced. Danish is selling at 171s. New Zealand choicest salted is quoted at 140 a, while exceptionally good lots are making 1445. Australian is selling at 1365, and 140s for specially good lots. A litle unsalted butter is available at 1665. The reductions in the prices for butter have caused a slightly better demand. It is hoped this will improve further as the multiple shops are reducing the price to Is 6d nest week, but the position is causing some anxiety. The estimated quantity of butter stored here is equivalent to at least 800,000 boxes. Last week's report stated : —The London butter market is very dull. In spite of tho reduction in prices the demand is negligible. New Zealand, choicest salted, is quoted at 148s to 150s; exceptionally good lots, 1525; Australian, 148s to 150s. The only demand is for unsalted, of which only a small quantity is available. This is fetching 170s. Danish butter is quoted at 182s. Cheese is quiet. New Zealand, 82s to 83s. REPORTS FROM MERCHANTS. MARKET REPORTED STEADIER. Norden and Company, Ltd., have received the following cablegram from Andrew Clement and Sous, Ltd., London, dated October 14; —Butter: Salted, 140s, f.o.b. equivalent Is 1.25 d per lb; market steadier. Cheese: White and coloured, 80s, f.o.b. equivalent 6.89 d; market quiet. Arrivals: Tongariro, Athenic,_ Hertford. Joseph Nathan and Co-, Ltd., yesterday received tho following cablegram from their London house:—Butter, 138s to 1425; cheese, 80s. Owing to buyers holding off there is a possibility of prices declining further.

Dalgety and Company, Limited, report having received the following cablegram from their London house dated October 14: —Buter: There is slightly more demand at reduced prices. New Zealand, salted 138s to 140s, exceptional 1445; Danish, 1745; finest Australian, salted, 136s to 140s. Cheese: The market is dull. New Zealand, white 80s to 82s; coloured, 80s to 82s.

W. W. Bowker has received the following cablegram from A. J. Mills and Company, Ltd., dated October 14:—Butter: More is selling at reduction. First grade, salted, 138s to 1425; second grade, salted, 130s to 1325; first grade, unsalted, 166s to 170s; supplies of unsalted are very short. Danish, 172s to 1745; Australian, salted 136s to 140s, unsalted 166s to 170s; Argentine, 130s to 1565; Siberian, 120s to 128s. Cheese:—The market is slow. New Zealand, first, grade, white, 80s to 82s; first grade, coloured, 80s to 82s; Canadian, white, 82s to 84s; coloured, 82s to 84s. INVESTMENT AND BANKING THE DOMINION ASSOCIATION. Opportunities for investment and thrift are offered by the Dominion Investment and Banking Association, a society incorporated under the Building Societies Act, which announces in this issue that it has commenced operations in its .various branches. Embodying principles and following methods which have been proved to be thoroughly sound and advantageous to the participants by similar organisations in Britain, the United States and elsewhere in New Zealand, the institution has been described as a co-operative savings bank. The funds provided by its shareholders and depositors are invested in advances by way of mortgage, on terms to suit the convenience of borrowors. An outline of the various methods of capital subscription is given in the association's announcement, which refers thoso interested to the f uller information presented in a descriptive booklet. Of. the first issue of £50.000 A shares, which represent the association's permanent capital, over £40,000 have already been subscribed. The directors are Mr. A. G. Lunn, chairman, Sir James Gunson, and Messrs. Edward Russell, ,T. A. Warnock, H. P. R. Caughey, C. H Fnrness, George Winstone, jun., and David Pollok. Mr. Pollok is the secretary. MARKET REPORTS. FRUIT AND PRODUCE PRICES. Large quantities of apples were sold at the Auckland city markets yesterday. All varieties except Stunners showed a slight drop in value. Delicious fell Is a case in price, while Rome Beauty dropped 6d a case. Pears remained at last week's prices. The season for tree tomatoes is now practically over, only small quantities now being sold. There was a very poor demand for lemons, at prices slightly in advance of last week. Island oranges were in small supply. Only small quantities of Sydney fruit were offering, and the market will not be stocked again for several days. The vegetable market was fairly well stocked, most varieties being in good demand. Heavy supplies of new potatoes forced the price down Id per lb. Cabbages rose slightly in price, an advance of 6d being registered. Cauliflowers also sold at increased prices.' Spring onions sold well, and in some cases 6d a bundle was obtained. Swedes and lettuce also sold for increased prices. Green peas, on the other hand, came down considerably in price, a drop of a lb. being registered. Other prices generally compared favourably with those of last week. There were large numbers of birds on the poultry market. Young cockerels were well sought after. There was a keen demand for eggs. Large supplies of butter were responsible for a drop in price. The following prices were realised:— FRUIT. Apples.—Delicious, 5s to Ss a. case; Munroes. is to 6s 6d; Stunners, 7a to 8e 6d; Doughertys, 3s 6d to 6s 6d; Rome Beauty, (is to 7s; Pride of Australia, 4a 6d to 6s 6a; Statesman, 6s to 7a; Canadian. 12s (id to 16s. Pears; Nellis. fis to 13s; P. Barrys, Gs to Bs. Tree* tomatoes. Gs to 14?; Island tomatoes. 0s to 0s; local passion fruit. 10s to 12s; lemons, 6s to 9s; bananas, 21s to '23s; oranges, repack, 22s to 22s fid. Sydney Fruit: Loquats, 9s to 14s; oranges, 14s to IBs 6d; passion fruit. 18a to 20s. American grapes, 25s to 26s a. barrel; 22s a case. FIELD PRODUCE. Southern potatot-s, fis 6d to 7s fid per cwt.; new potatoes, ljd to 2|d per lb,; cabbages, 3s to 10s 6d a sack; on benches. Is 6d to 4s fid a dozen; cauliflowers, 3s to lis ft sack: on benches, 3d to 9d each; pumpkins, 20s to 39s por cwt.; onions, 18s to 19s a crate: sw?des. Ss to 8s per cwt.: lettuce. Is to 2b 6d a case; green peas, 4<i to TJd per lb.; broad beans, 3d to 6d; French beans. Is 9d to 2s Od; asparagus, 6d to Ts a bundle; celery. Is to 3s a do:en bundles: rhubarb 2s to ss: spring omens. 3d to fid a bundle; spir.nach. Is to Is ;<d a dozen bundles; radishes, 9d to Is 6d: carrots, parsnips, beet and turnips, 9d to Is Cd. POULTRY. Cockerels, heavy prune. 8s to 10s 3d: light, prime, 6s to 7s 6d; hens, heavy prime, 4s fid to fis 3d; light prime, 3s 9d to 4a 9d; white leghorns, 3s 6d to 4s 9d: Block Orpington, 4s 3d to fis; ducks, 3r fid to 5s 3d: chicks. 4d to. Is; young cockerels, 2d to Is Id: hens with chicks, 12s to 17s fid; ducklings, 17s 6d to 20s. DAIRY PRODUCE. Hen eggs. Is fld to Is 10d per dozen; duck eggs, Is ftd to Is 3d; farmers' butter. La to Is lid per lb.

LOSS ON' FEEEZIN6.

SOUTH OTAGO COMPANY. BLAME PLACED ON GROWERS. LACK OF LOYALTY ALLEGED. [BY TELEGRAPH. —OWN CORRESPONDENT.] DUNEDIN, Friday. The annual meeting of the South Otago Freezing Works Company was held at Balclutha to-day. The balance-sheet showed a loss on the year's working of over £SOOO. Mr. James Bagg, in an address to the shareholders, placed the responsibility for the preseut plight of the company on the shoulders o? the growers. He said the disloyalty of the growers to their own works had brought them to within an aco of closing down. The rebate system he also condemned as a wrong policy. He said the company was giving them a far better deal than any other growers were getting in the Dominion, yet that had been insufficient to keep them loyal., Unless the growers were prepared to guar anteo a greatly increased quantity of stodk, the company would have to closo down. The shareholders later expressed their confidence in the directors by voting a £25 per year increase in their honoraria. FROZEN MEAT PRICES. LONDON MARKET VALUES. Dalgety and Company, Limited, report having received the following cablegram from their London house dated October 14: —New Zealand primo crossbred lamb: Canterbury, heavy B|d, light lO^d; North Island, heavy Bd, light 9|d. The market for. New Zealand lamb is weaker and the demand limited. New Zealand crossbred mutton : Canterbury, heavy 5Jd, light 6jd; North Island, heavy sjjd, light 6d. The market for New Zealand mutton is weaker. Quotation New Zealand prime ox beef: Hinds, s£d; fores, 4d- The market for New Zealand beof is weaker and the demand runs principally on fores. No forward sales arc reported for lamb or mutton. Pork: Present spot prices are—Porkers, U£d to 12d; bacocers, l(Hd to lid. The demand js limited. CANTERBURY MARKETS. THE PROBABLE WHEAT YIELD. [BT TELEGRAPH.—PRESS ASSOCIATION.] CHBISTCHTJfICH. Friday. Business in prodnce is sufficiently inactive to allow quite an amount oi discussion on next season's prospects. There is now little of last season's produce in farmers' hands. Wheat prospects provide the principal interest. There is no reliable information as to what the area will be. Last season it was 153,000 acres. Local increases of 15 to 75 per cent, are reported but the aggregate area cannot be even approximately estimated. It may bo up to 250,000 acres, but it is unlikely to be more.. Whatever the area, however, there is k no question about the condition of the crop. Rarely at this time of the year have the wheat fields of Canterbury looked better. The copious rains of the past fortnight were just what the crops wanted. The average yield for some years now has been slightly over 31 bushels to the acre, and on this basis a 250,000-acre crop woukl prodnce seven and threequarter million bushels.' The Dominion's needs are estimated at eight and a quarter million, so that the probability of a surplus should not be a worry to growers. As a matter of fact a leading local miUer has confidently expressed the opinion that the trade next year will absorb up to ten million bushels. It is tired of carrying over from one year to another with a few sacks in store.

The main potato crop will soon be in courso of planting. The collapse in price is not daunting growers as most of them quitted at good prices earlier in the season. Farmers have a lot of seed on hand for which they have no market and this will probably be planted. Up to some weeks ago some speculation in forward business was done at £5 a ton, f.0.b., but nobody is offering this figure at present. The Kurow and Katoa. which left yesterday for the North, took between them 2200 sacks, and the Waipahi is due to sail early next week. The Whangape, which sailed for Sydney today, took 10,100 sacks, in addition to 3000 from Timani. One more vessel is expected to ship potatoes this month. The market is easier for whites and £3 15s a ton, f.0.b., is now the maximum quotation. Dakotas have firmed and are now worth practically as much as whites. As a result doubtless of the recent burst of rough weather, chaff has firmed locally and £6 on trucks is now quoted for good bright. The pea crop is now being sown. There has been a fair amount of sowing on contract, but as seed has been very scarce and dear the gross area may not be so large as last season. There are inquiries from the Old Country for various seeds, including perennial ryegrass, but tthe amount of business so far is small.

Lates t sale. Return. £ s. d. £ a. d. BANKS— Nat. of Aus. (con.) . 9 4 0 5 8 8 New Zealand (rights) 0 fi •> — Union of Australia 15 4 0 4 18 3 INSURANCE— National 4 0 0 4 13 New Zealand .... 1 1.9 3 4 4 11 COAL— Hothprinprton (10s pd.) 0 J) 0 — ■ Taupiri ] 2 0 7 g r. Waipa. 0 15 3 9 16 8 GASAuckland ... ,. 1 3 0 fi 14 8 Ditto (con.) 0 13 0 6 15 5 SHIPPING— Northern .. »» 0 15 0 CO tTIMBER— Bartholomew »» 1 2 0 9 3. 10 WOOLLEN— Wellington .i C> 10 0 7 13 10 BREWERIES— Staples .. 1 17 c S 6 8 MISCELLANEOUS— British Tobacco 2 U 0 4 14 1 Bycroft 1 10 0 5 fi 8 Electrolytic Zinc Farmers' Fertiliser . . 1 17 0 fi 9 9 4 13 0 S 1 3 Taranaki Oil 0 8 9 — N.Z. GOVT. BONDS— War Loan, '30, H . . 07 7 G 5 4 10 Ditto, '38. 4i OR 10 0 i 17 11 Inscribed Stk, '33, 51 100 10 0 6 8 3 DEBENTURES— N.Z. Brewories 1 3 9 8 8 5* * Does not include redemption.

CLOSING QUOTATIONS. Sellers. Buyors. BANKSu- £ s. d. £ s. . d. Au3. of Commerce 1 14 0 Australasia 14 6 0 14 2 0 Com. of Australia .. 1 13 0 1 11 9 JDitto (prof.) — 6 16 0 National of N.Z. . . 7 1 6 — Nat. of Australasia 18 0 0 _ Ditto (con.) 9 6 0 — New South "Wales .. 45 10 0 — New Zealand 3 1 n 3 0 0 Ditto (rights) 0 fi fi 0 5 fi Union of Australia . 15 6 0 15 2 6 INSURANCE— National 4 0 fi New Zealand 1 19 fi 1 19 3 South British 3 1. fi 2 19 0 Standard — 0 19 0 LOAN AND AGENCY— Farmers' Co-op. Auc. __ 3 13 0 Goldsbrough, Mort . 2 11 0 2 10 0 N.Z. River Plato — 1 3 0 N.Z. Guar. Corp. . . — 0 10 3 N.Z. Loan and Merc. 95 0 0 90 0 0 Ditto (pref.) — 79 0 0 N. Auck. Farmers' Co-op. (B pref.) . . 0 9 6 — COALHetherington (10s paid) 0 fi 0 — Pukemiro — o 13 0 Taupiri ... . . — 1 2 3 Waipa '.j i.j — 0 14 9 Westport .. — 1 16 3 GAS— Auckland 1 4 0 1 3 fi Ditto (con.) 0 13 0 0 12 9 Birkenhead » . 0 IS 0 — SHIPPING— Devonport Steam „. 1 5 9 1 4 9 Huddart-Parker 2 8 0 o 7 0 Northern Steam 0 15 3 _ Ditto (con.) 0 7 2 — P. and 0. (def. stk.) 255 0 0 245 0 0 TIMBER— Bartholomew 1 2 ti Kauri 1 10 3 — Leyland-O'Brien 2 3 fi — National 0 17 0 — Rotoiti 0 16 fi — Taupo Totara 1 0 0 0 10 0 WOOLLENKaiapoi . < . . 0 >1 0 0 10 3 Ditto (con.) 0 3 0 0 1 9 Mosgiel i.. — 8 0 0 Wellington >.. fi 7 fi Ditto (pref.) — 6 10 0 BREWERIES— C. L. Iniies and Co. 1 0 0 0 16 0 Ditto (pref.) 1 1 9 — N.Z. Breweries . . 2 13 0 J. Staples and Co. . . — 1 17 3 MISCELLANEOUS— A. J. Entrican 0 19 0 British Tobacco . . 2 12 0 2 11 3 Dental and Medical . 1 0 0 0 ]6 0 Dominion Pictures ... — 0 19 9 Ditto (pref.) — 1 0 0 Electro. Zinc (ord.) 1 17 3 1 16 0 Ditto (pref.) 1 19 0 Gear Meat . . 1 17 (', 1 16 0 Grey and Monnies . 0 12 G 0 )1 0 7/fill and Plurnmer . . — 1 1 G 11.M. Theatre (pref.) — 1 0 0 Lewia 11. Kady & Son, Ltd (7 B pref.) . . Miine and Choyce . — 0 0 .— 4 0 Ditto (pref.) — 4 0 Ditto (B pref.) — 4 0 Ditto (deb. stock) . 1 6 0 4 0 National Pictures . . — 0 12 9 Newton King, Ltd. (cum pref.) Farmers' Fertiliser . 0 15 0 __ 4 14 0 -t 12 0 N.Z. Milk Products . _ 0 0 '5 N.Z. Paper Mills 0 19 3 . __ N.Z. Refrigerating (con.) o r, 5 0 6 2 Northern Boot 0 18 0 _ Phillipps and Impey . — 1 13 0 Sanford, Ltd. i 3 <; 1 3 0 Ditto (pref.) 1 3 r, — Taranaki Oil 0 9 3 0 8 6 Union Oil — o 1 G Wiseman and Sons (pref.) 1 0 r. — Wilsons N.Z. Cement i 14 3 1 13 0 MINING— Albumia . . 0 4 9 0 4 8 Ballarat (con.) 0 0 8 — Moanataiari (paid) .. Ditto (con.) 0 2 3 0 0 1 1 8 7 Golden Age (paid) . — 0 0 U Ditto (con.) 0 0 fi — Kawarau Komata Reefs 0 2 7 0 2 5 0 0 3 — Kuranui 0 0 10 — Lucky Shot (2s pd.) 0 1 9 — Ditto (con.) 0 1 3 — Majestic 0 1 fi — New Waiotahi (4s pd.) 0 2 0 0 1 4 Ditto (con.) 0 1 6 0 1 A New Zeehan 0 1 9 0 1 G Nonpareil (Is (id pd.) 0 0 8 0 0 4 Ditto (con.) — 0 0 3 Obinemuri 0 6 4 0 5 8 "Rising Sun w. 0 2 (5 — "Waihi 0 19 Cy 0 19 0 Waihi Gnd. June. .. 0 2 fi 0 2 1 Mount Lyell 1 8 3 1 8 0 N.Z. GOVT. LOANS— War Loan, 1930. 4i . — 97 5 0 Ditto, in.38, 4§ 96 17 6 9fi 7 6 Ditto, 1927, 5 Soldiers' Loan, '33, 5£ 99 10 0 98 15 0 — 100 5 0 N.Z. INSCRIBED STOCK— "War Loan, 1927, 5 . . 99 10 0 98 10 0 Ditto, 1929, 5 99 5 0 98 0 0 Ditto. 1933, 4}' .. 5)6 12 fi — Ditto. 1939. 4* . . 9fi 12 (i — Soldiers Loan, .'53, 5 ; 300 16 100 5 0 DEBENTURES— Auck. Gas. 1932. 5 .. — 92 0 0 Ditto, 1928 6i — 100 0 0 Auck. Har. Board, 4 — 84 10 0 Ditto, 51 — 95 10 0 Ditto, fi — 101 0 0 City Auck., 1940. fij — 95 10 0 Auck. Elec. Power 99 0 0 Board . . 0(5 0 0 Auck. Hos. Bd. . . 96 0 0 Bor. of Mt. Eden, 6J — 105 10 0 N.Z. Breweries, Ltd. 1 4 0 1 3 6

Price. Variation. Consols, 2§ per cent. „ „ British 31 War Loan ■... £ B. d. s. d. 54 10 0 2 6t 98 5 0 2 6+ British 5 War Loan v. 101 15 0 7 6t Conversion Loan, 31 74 7 6 5 0+ Com'wealth, 5i, 1922-27 . 101 5 0 7 G* Com'wealth, 6, 1981-41 .. 102 12 6 2 6* Victorian, 8, 1929-49 71 0 0 2 6+ Victorian, 31, 1929-49 76 5 0 5 0* Victorian, 51, 1930-40 101 0 0 25 01 Victorian, 5, 1932-42 97 0 0 5 0* Victoriau, 42, 1940-00 94 12 f) 22 6* N.S.W., 4, 1933 .. r .:. 91 0 0 12 G* N.S.W., 3. 1935 .. 81 2 G 7 6* N.S.W., 3}, 1930-50 71 15 0 7 6* N.S.W.. 51 1922-32 99 15 0 0 6+ N.S.W., GJ, 1930-40 103 12 6 0 G* N.S.W., 6. 1930-40 Queensland, 31, 1930 100 7 G 10 0* 92 5 0 Simn. Queensland, 3, 1922-47 , . 68 10 0 2 fi* Queensland, 6. 1930-40 .. 102 0 0 r> o* Same. New Zealand, 81. 1940 85 10 0 New Zealand, 4, 1929 .. 95 15 0 SrlDlfi. New Zealand, 3, 1945 76 0 0 r' 6+ New Zealand, 6, 1936-51 . 107 12 G 2 Gt S. Australia, 3j, 1939 82 0 0 10 0* S. Aug., 3, 191G or after 59 10 0 10 0* S. Australia, Gl. 1930-40 . 103 10 0 10 0* Tasmania, 31, 1920-40 83 10 0 10 0* Tasmania, 3, 1920-40 78 0 0 15 0* Tasmania, 61, 1930-40 104 0 0 7 fi* W. Australia, 31, 1929-35 85 0 0 Sam«. W. Australia, 3, 1915-35 . 82 0 0 10 0* W. Australia, 6, 1930-40 , 102 5 0 15 0+ ■(Higher. "Lower.