YESTERDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20650, 23 August 1930, Page 7

YESTERDAY'S SALES.

BUSINESS ON EXCHANGES. RETURN ON INVESTMENTS. Following is a list of yesterday's transactions on New Zealand Stock Exchanges. In the second column is given the return, based on tho Inst dividend, from investment at the quoted price. In the case of Government and other redeemable securities tho return includes redemption. The first column gives the figure at which tljo sales were made: — AUCKLAND EXCHANGE. Return on Sale Price. Investment. £bd £ s d City Auck., 1919, 51 . 94 0 0 5 )5 7 Union Bank ..10116 5 18 2 N.Z. Insurance . . 22 0 411 3 Tiiupiri Coal . . 1 610 7 9 1 Kempthorne-Prosser 3 16 6 10 1 Wiwrakei . . . . 0 6 0 12 6 2 CHRISTCHURCH EXCHANGE. Com. Bank Aus. . . 1 0 0 710 0 Ditto . . . . 1 0 2 7 8 9 Nat. Bk. A'aaia (£5) 616 6 7 6 2 N.Z. Insurance (3) . . 22 0 411 3 Christchureh Gas . . 1 4 4 611 6 N.Z. Brcworiefl (3) . 210 10 518 1 Ditto . . ..2113 5 17 1 Staples' Browery (2) 2 4 0 513 7 Toohey's Brewery . . 018 2 816 1 British Tobacco . . 116 6 611 6 Ditto . . . . 116 J 613 0 Colonial 'Sugar . . 35 0 0 7 2 10 The following aalea also took place:—Commercial Bank of Australia, 20s Id (6); New Zealand Breweries, 51s (3), 51s 2d; Mahakipawa, 2icl. WELLINGTON EXCHANGE. Ins. Stkl936, 6} . . 99 7 6 5 12 6 Wgtoil. Invest. Trust 010 7 6 210 Southland Fr. Meat . 117 3 6 810 Ditto, pref. . . 117 3 6 810 British Tobacco . . 1 16 3 612 4 N.Z. Paper Mills . . 019 3 715 10 Wairakoi .. .. 0 6 5 12 9 4 The following salo also took place:— Taranaki Oil, 2s sd. REVIEW OF THE WEEK. QUIET TENDENCY CONTINUES. LARGER VOLUME OF BUSINESS.

The volume of business transacted on the Auckland Stock Exchange showed a considerable revival during the current ■week. Investors, however, showed little interest in (he more speculative shares and Australian stocks dropped again yesterday. The demand for Government securities continued to he tho strongest feature of tho market and buyprs of taxfree stocks again advanced their limits. War Bonds, 1938, 4£ per cent., were dealt in at £IOO. The banking section provided the largest turnover of business, snles being generally at slightly lower levels than those recorded last week. Nationals of New Zealand and New Zealands were steady, but tho Australian banks were weak. Offers for English, Scottish and Australians declined 2s 6d during the week and for New South Wales ss. Insurances were easier, with sales of New Zealands down to 41s 6d and South British down to 56s 6d. Sellers predominated in the loan and agency section and Dalgetys and Golds-brough-Morts were quoted at lower levels. In coals Taupiris were taken at 27s and 26s lOd. Business was done in Auckland Gas at the current price of 245. Northern Steams, with sales at 14s 7d and 14s 6d, were the most active of the shipping stocks. Kauri Timbers were dealt in at 13s, but little interest, was shown in other timber shares and woollens were neglected. Breweries were firm, with offers for Innes and Timarus advancing and a steady demand for New Zealands. All* Australian stocks eased in the general investment section. Colonial Sugars changed hands at a now low level of £36 5s and wero quoted by sellers yesterday at £35 10s. Thero wero few inquiries for Australian Glass or British Tobaccos. Both issues of Electrolytic Zincs were quiet. Kempthorne-Prossers had sale at 61s 6d. Wilsons Cement sold from 40s to 40s 7d. Steady interest was maintained .in Waihis and Waihi Grand Junctions, Waihis selling up to 14s 4d. Mount Lyclls eased during the week, but closed firmer.

LONDON MEAT MARKET. THE LATEST QUOTATIONS. Dalgetv and Company, Limited, has received tho following cablegram from its London house dated August 21, regarding the frozen meat market: — New Zealand Prime Lamb.—Canterbury, 281b to 361b, BJd; North Island, 281b to 361b, B|d; Canterbury, 361b to 421b, BJd; North Island, 361b to 421b, B£d; Canterbury, second quality, 7^d; North Island, second quality, 7id; Canterbury, 421b to 501b, Bgd; North Island, 421b to 501b, Bid. The market for New Zealand lamb is weaker. The demand runs principally on finest quotations. New Zealand Prime Mutton.—Canterbury, 48Ih to 561b, sd; North Island, 481b to 561b, Canterbury, 561b to 641b, 4gd; North Island, 561b to 641b, 4gd; Canterbury, 641b to 721b, North Island, 641b to 721b, 4|d ; Canterbury ewes, 481b to 641b, North Island ewes, 481b to 641b, 3d. Tho market for New Zealand mutton is weak. Tho demand is quiet. Beef. —New Zealand prime ox beef, hinds, sd; fores, 3-^d; Argent ine chilled hinds, 8d; .fores, 4d. Tho market for New Zealand beef is unchanged. The demand runs principally on finest qualities. Pork.—English pork, 801b to 1001b, lid; Now Zealand porkers, 801b to 1001b, 7gd; 1001b to 1201b, 7|d. Tho market for New Zealand pork is firmor. The demand is quiet.

PIG MARKETING ASSOCIATION. OPERATIONS IN WAIKATO. [by teltvGHArn. —own correspondent.] HAMILTON, Friday. The annual report of the New Zealand Co-operative Pig-marketing Association, Limited, shows that gratifying support has been given to tho association since its reorganisation a year ago. A permanent secretary, Mr. G. F. Saunders, has been appointed and new offices have been occupied. Under the present arrangement suppliers are required to take a two shilling share for every pig supplied for three years. The sharo capital has reached £3897 10s. The association's turnover for tho year was £72,530. The number of pigs handled for tho year ended Juno 30 was 37,586, which was considered to be vory satisfactory in view of tho lreen competition. Final payments had been made for pigs supplied up to November last. Tho pay out had been satisfactory and had in all cases been equivalent to or greater than the scale prices ruling at tho timo of delivery. The chairman, Mr. S. H. Judd, stated in tho report that the association's operations had definitely increased the value of fat pigs in the Wnikato last summer. An increased number of pigs had been sold locally for curing purposes. Reports from the United Kingdom indicated that the quality and typo of pigs supplied had been very satisfactory and (lie asso ciation expected a steady market for baconers and porkers. CHICAGO WHEAT MARKET. CHICAGO, August 21. Wheat.—September, 885 conts a bushel; December, 93 cents; March, 97£ cents; May, 1 dollar 0 1-8 cents.

THE MONEY MARKET. BANK OF ENGLAND RETURN. GOLD RESERVE HIGHER. MARKET RATE REDUCED. (Receivod August 22, 5.5 p.m.) LONDON, August 21. Tho Bank of England return for the week ended August 20 is as follows: ISSUE DEPARTMENT. Notes issued:— Govt, debt £11,015,100 In circu- Other Govt. lation £361,791,081 securities 232,890,720 In bank- Other secuing dept. 52,512,648 rities .. 11,629,058 Silver coin 4,465,122 _ . *260,000,000 Gold coin & bullion 154,333,732 £414,333,732 £414,333,732 •Amount of fiduciary issue. BANKING DEPARTMENT. Capital .. £14,553,000 Govt, secuItest .. 3,634,008 rities .. £49,371,247 Deposits— Advances, Public .. 21,045,499 £6,114,545 Bankers, Other 5ecii£61,665,369 rities, Other acs., £25.434,151 31,549.696 £33,594,351 95,259,720 Notes .. 52,542,048 Soven clay, Gold and etc., bills 1,547 silver coin 1,031,783 £134,494,374 £134,494,374 The principal items of the above return compare as follows with those for last week, the proportion of tho reserve being shown in tne last line:— Deposits— August 13. August 20. Public .. .. £12.256,294 £21,045.499 Bankers . . . 06,252,805 61,665,369 Other accounts 34,019.983 33.594.351 £112.529,082 .£116,305,219 Securities— Government . , 54,346.247 49,371,247 Advances, etc. . 6,864,918 6,114,545 Other . . . . 22.744.140 25,434.151 Reserve . . . . 46,726.187 53,574,431 Note circulation . 367,379,125 361.791.084 'Coin and bullion 154,705,312 155,305,515 Proportion . . . 41.50 46.00 ♦August 21. 1929, £140.087,935. 1930: Maximum, May 7, £104,502,391; minimum, January 1, £140,115,719. SHORT LOANS AND BILLS. The Bank of England rate of discount is 3 per cent., to which it was reduced on May 1 from 3£ per cent. Short loans are quoted at 2 per cent., same as last week. The market rate of discount for best three months' bills is 2 13-64 per cent., as compared with 2 5-16 per cent, last week. FOREIGN EXCHANGES. British Wireless, RUGBY, August 21. The following rates on foreign exchanges aro current to-day, compared with the cabled quotations on August 19 and par:— Aug. 21. Aug. 19. Par. Montreal, dol. .. 4.80} 4.87 4.866 New York, dol. . 4.87J 4.871 4.866 Paris, fr. .. 123.825 123.82 124.21 Brussels, belga .. 34.865 34.85 35.00 Geneva, fr. .. 25.045 25.04 25.22 Amsterdam, fi. .. 12.094 12.081 12.10 Home, lire .. 92.97 92.99 92.46 Berlin, r.in. .. 20.39 20.39 20.43 Stockholm, kr. .. 18.12 18.125 18.159 Oslo, kr. .. 18.17 18.17 18.159

Copenhagen, kr. . 18.1G5 18.105 18.159 Vienna, sell. .. 34.45 34.455 31.585 Prague, kr. .. IWJ 104 5-32 21.02 ITelsingfors, mark 193 9-10 193 7-1(3 192.23 Madrid, pes. .. 45.80 45.25 25.225 Lisbon, escu. .. 108.25 108.25 Athens, dr. .. 375 375 375.00 Bucharest, lei. .. 817 818 25.225 Rio de Janeiro, mil. 42 4 29-32 Buenos Aires, dol. 40 9-10 40 9-16 47.57 d Calcutta, rupee . 17J 17J 18d Shanghai, tael .. 19} 191 HonpknnK, dollar 151 155 Yokohama, yen . 24 5-32 24 11-32 24.58 d CONSOLS AND COLONIAL STOCKS. The following table gives quotations for consols and colonial inscribed stocks, compared with those of August 14:— Price. Variation. £ s. d. s. d. Consols. 1\ per cent. .. 55 15 0 Same. Funding Loan, 4. 1900-90 91 10 0 7 61 War Loan, 5, 1929-47 .. 104 0 0 5 Ot Conversion Loan, 3i .. 79 10 0 Same. Victory Bonds, 4.. .. 95 17 6 2 Gt Com'wealth, 5, 1915-75 91 5 0 12 6+ Com'wealth. 6. 1931-41 .. 99 10 0 15 Ot Victorian. 3. 1929-49 .. 64 10 0 18 9t Victorian, 3}, 1929-49 .. 70 7 6 17 6t Victorian, s}. 1930-10 .. 97 10 0 17 fit Victorian. 5, 1932-42 .. 92 0 0 10 Ot Victorian. 4». 1910-60 .. 83 2 G 12 fit N.S.W., 4, 1933 .. .. 95 2 G 17 Gt N.S.W., 3. 1935 .. .. 88 0 0 7 6t N.S.W., 3}, 1930-50 .. 68 7 6 22 Gt N.S.W., 5!, 1922-32 .. 99 7 6 3 9t N.S.W., 6}, 1930-40 .. 100 17 6 ' 7 Gt N.S.W.. 6, 1930-40 .. 99 5 0 10 0t Queensland, 5, 1940-60 .. 90 5 0 17 6+ Queensland, 3, 1922-47 .. 65 0 0 5 0t Queensland, 6, 1930-40 .. 98 15 0 15 Ot New Zealand, 3j. 1940 .. 90 5 0 2 6t New Zealand, 3, 1945 .. 82 0 0 7 Gt New Zealand, G, 1930-51 . 104 10 0 2 Gt S. Australia, 3}, 1939 .. 83 10 0 2 Gt S. Australia, 3, 1916 ot after .. 53 2 6 7 6* S. Australia. 6i. 1930-40 100 12 6 12 Gt Tasmania, 3s. 1920-40 .. 81 18 9 18 9t Tasmania, 3, 1920-40 .. 79 15 0 15 0* Tasmania, 6i, 1930-40 .. 101 0 0 Same. W. Australia, 3», 1929-35 . 88 0 0 Same. W. Australia, 3, 1915-35 . 88 15 0 40 Ot W. Australia, 6, 1930-40 99 5 0 20 Ot tHiglier. 'Lower.

NEW YORK CALL MONEY. NEW YORK, August 21. Call money was at 2 per cent, all day. CANTERBURY POTATO MARKET. UNUSUALLY LOW VALUES. £BY TELEGRAPH. —PRESS ASSOCIATION.] CHRISTCHURCH, Friday. The potato section of the market still remains the chief centre of interest this week. There has been a further slight easing from £2 10s a ton on trucks, reported on Wednesday. The value to-day is from £2 5s to £2 7s 6d a ton on trucks to growers, the lowest figure that has been known in August for very many years. Dakotas are no better, and sales wero made to-day at £3 2s Cd, f.0.b., s.i.

The Wingatui, which left from Lyttelton this week, took 2760 sacks from Timaru and 3780 sacks from Lyttelton, malting a total of 6540 sacks. The Waipiata is to load at Timaru oarly next week and at Lyttelton on Tuesday and Wednesday of next week. Small seeds, oats ancj wheat show little animation. Millers are buying occasional lines of next season's wheat, at 5s 9d f.0.b., or 5s 6d to 5s 7d on trucks, according to stations. Fowl wheat is firm at 6s 2d, f.0.b., s.i. HONESTY OF INVESTMENT. PREVENTION OF EXPLOITATION. [by telegraph.—own oohresponpent.] NEW PLYMOUTH; Friday. At no time in the history of oil boring in New Plymouth has business been organised on such comprehensive and up-to-date lines, said Mr. J. McLeod, in his annual address to the Taranaki Chamber of Commerce last evening. The combination of really modern rigs of ample capacity, mechanics and drillers of wide experience, scientific research and geological survey, all profiting from experiences and accountable failures of the past, afforded assurance that if a payable oilfield persisted in the vicinity the fact would, before many months, surely be demonstrated. "It should bo the concern of the coun cil," said Mr. McLeod, "to endeavour to ensuro that 'nothing but the truth* is released by way of news from the oilfield, and to guard against the possibility of an orgy of wild cat speculation and exploitation should occasion ariso. The reputation of the town requires froni the commercial community an assurance that while every assistance and encouragement bo afforded genuine speculation and investment. active discouragement and repudiation should bo shown any attempt to create any unwarranted gamble. "Meantime it can quite.honestly be said that present day indications and prospects of a great potential industry wero never so enpouraging."

MASON, STRUTHERS AND CO. DIVIDEND OF l\ PER CENT. ANOTHER DIFFICULT YEAR. [BY TELEGRAPH. —OWN CORRESPONDENT.] CHRISTCHURCH, Friday. The report of the directors of Mason, Struthers .and Company, Ltd., to be presented at the 27th annual meeting of shareholders on August 29, is accompanied by statements showing a balance of £14,261 18s 9d to the credit of the profit and loss account. Tho directors state that sales for the first half of the trading year showed a considerable increase, which seemed a sound indication of progress. Unfortunately, the present financial stringency had resulted in reduced sales during recent months, with tho consequent increase of stocks at balance date and a corresponding increase in tho company's liabilities. Tho latter disadvantages will shortly be. overcome by reduced importations. Excessive competition continues, with consequent small profits. Expenditure has been rigidly controlled by the directors and all possible economies have been mado. Tho directors regiet that they cannot recommend a larger dividend than 2£ per cent., free of income tax. This will absorb £2750, leaving a credit balance to profit and loss account of £11,511 18s Id. Tho baLance-sheet shows the paid-up capital to be £IIO,OOO, the reserve account totals £33,000 and the reserve for taxes, rates, interest and bad debts is £5509. Sundry creditors total £47,298 (as against £23,102 last year); deposits, £6225 (£12,392); and the staff superannuation reserve stands at £4447. On the asests side properties are set down at £50,178 (£46,607 last year), stocks at £129,130 (£115,805), sundry debtors at £33,244 (£36,474) and plant, furniture and fittings at £BIB9 (£6780).

As the balance carried forward from the 1929 account was £11,030, the net profit for the last year has been £3232, as against £SIOB in 1929 and £6436 in 1928. The company reduced its dividend from 8 to 6 per cent, in 1928 and to 5 per centlast year. THE LONDON MARKETS. PRICES FOR METALS. (Received August 22. 8.45 p.m.) LONDON, August 21. (Quotations on August 18 in parentheses.) Copper.—Spot, £47 Is 3d (£47 8s 9d); three months, £47 4s 4J>d (£47 9s 4^d). Electrolytic Copper.—Spot, £SO 10s (£SO 10s); three months, £SO 10s (£sl 10s). Wire Bars.—£sl 10s (£52). Lead.—Spot, £lB 6s 3d (£lB 6s 3d): three months, £lB 2s 6d (£lB 3s 9d). Spelter.—Spot, £ls 15s (£l6 Is 3d); three months, £l6 7s 6d (£l6 lis 3d). Tin.—Spot, £134 13s 9d (£134 17s 6d); three months, £136 6s 3d (£136 7s 6d). Silver. —Standard 16 7-8 d (16 13-16 d) per ounce; fine, 18 3-16 d (18 l-8d).

WHEAT, FLOUR, PULSE, ETC. Wheat.—Cargoes are quiet at 3d decline. Parcels are harder, but the demand is quiet. Futures: London, September, 33s 6d; December, 33s lid. Liverpool, October, 7s 2d per cental; December, 7s March, 7s 4d. The spot trade is easy. Australian, ex ship, 38s 6d. Flour.—Quiet; Australian, ex store, 29s 6d. Barley.—Quiet. Australian Chevalier, 32s to 345. Peas and Beans.—Quiet.

Tasmanian Maples.—-65s to 67s 6d; New Zealand Partridge, 55s to 655. Beet.—Sugar, September, 4s ll^d. BRADFORD TOPS. The market is still quiet and quotations are not altered. MARKET REPORTS. FRUIT AND PRODUCE PRICES. There were no outstanding changes in the values for fruit at the Auckland City Markets yesterday. Apples are bringing low rates, many lines of Delicious being in wasty condition. A poor demand existed for lemons, Poorman oranges and tree tomatoes. Hothouse tomatoes were in short supply. Passions showed a considerable increase in price. Large stocks of mandarins brought 6s to 9s a case. There was no dearth of cabbage, cauliflower, lettuce and celery in the vegetable section. Good supplies of new potatoes fetched 2sd to a pound. The majority of lines met with a fair response. The first shipment of American onions this season will arrive in Auckland next week.

Although, owing to short supplies, a keen demand existed for poultry, there were practically no variations in the prices. Ducklings sold at 6d to 9d each and day-old chicks at 6d to lOd each. The values for the various grades of eggs remained unchanged, both best quality hen and duck eggs selling at Is 6d a dozen. There was a fair inquiry for adequate supplies. Average stocks of farmers' butter again realised Is to Is 2d a pound. Following are yesterday's prices:—

FRUIT. . s. Apples, Delicious. 4a to 8s ft case: Dougherty, 4s to 7s; Sturmers, 6s to 8s: Munroes, 4s to 6s; Ballaruts, 3s to 4s 6d; Granny Smiths, 8s to 9s 6d; Jonathans. !is to 4s; pearß, Coles, 5s to 8s; Nellis, 6s to 9s; Vicars, 5s to 6s; P. Barry, 5s to 7s; hothouse tomatoes. 4d to Is 2d per lb; tree tomatoes, 2s to 4s a case; passions, 8s to 14s; grapefruit, 6s to 8s; small, 4s to 5s i Poorman oranges, large, up to 6s; Binall, 2s 6d to 8s; lemons, choice, 7s to 9a; others. 4s to 6s; oranges. Island repacks. 13s to 16s; Australian Navels. 10s to 14s; local, sweet, 3s to 4s 6d; mandarins, 6s to 9s; bananas, No. 1, 18s; No. 2, and medium. 10s to 14s; pines, Australian, 21s to 255. FIELD PRODUCE. Potatoes. Southern, 6s 6d to 7s per cwt: now, 23d to 3}d per lb; onions, 12s to 17s per cwt; kumaras, Island, 10s Gd to lis: Tauranga, 7s to 8s 6d: cabbage, 2s to 6s a sack; cauliflower. 2s to 4s; Bweden, 2s to 3s a bag; pumpkins, 6s to 13s per cwt: green peas, Is 6d per lb; beans, hothouse. Is 3d to Is 9d; lettuce. Is to 5s a case: cucumbers, hothouse, 4s to 8s a dozen: vegetable marrows, Is 6d to 2s Gd; cabbage, on benches. Is to 2s Gd; cauliflower. Is to 4s fid: celery. 6d to 3s a bundle; rhubarb, 3s to 6s a dozen; spinach.* Is to lit 6d: pumpkins, on benches, Gd to 2s Gd i?ach: radish, Gd a dozen: spring onions, 4d to Is 2d bundle; carrots, parsnips, beet and turnips, 9d to Is 9d a dozen; leeks. 2d to 5d a bundle. POULTRY. Cockorels, heavy breeds, prime, 6s to 7s each; not prime, 3s Gd upward: light, prime, 4s to ss; not prime. 3s upward; fat roosters, heavy, prime. 2s Gd to 3s 6d; light, 2s to 2s 6d; fat hens, heavy, 3s Cd to 4s 6d: light. 3s to 3s 9d; pullets, heavy breeds, best. 4s to ss; smaller, 2s Gd upward; light, best, 4s 6d to 6s 6d; smaller. 2s 6d upward: drakes, young, prime. 3s to 4s; old. 2s 6d to 3s; ducks, young. 3s to 4s; old. 2s to 3s: geese, 4s Gd to 6s: turkey hens. 5s Gd to 9s; gobblers. 10s to 18s Gd; ducklings. 6d to 9d; day-old chicks 6d to lOd; guinea fowls, 4s to ss. DAIRY PRODUCE. Hen eggs, special grade, best quality. Is Gd dozen; A grade. Is sd: B-grade. Is 4d: C grade, Is Id; duck eggs, special grade. Is Gd; A grade, Is sd: B grade, Is 4d: C grade, Is 2d; fanners' butler. Is to Is 2d. PROPERTY SALES. A house and property of 3} acres in Henderson Valley Road, offered at auction yesterday by Samuel Vaile and Sons. Limited, was sold for £540; a farm of 254 acres at Clevedon was bought in by the mortgagee for £645; and a 6ix-roomed house in Bath Street, Parnell, was bought in by the mortgagee for £675.

LONDON DAIRY PRICES. BUTTER MARKET DULL. NEW ZEALAND SELLS AT 1325. LONDON, August 21. The butter market is very dull owing to the heavy stocks, chiefly New Zealand. Danish is quoted at 140s to 1425; choicest salted New Zealand, 1325; Australian, 130s to 131s. The cheese market is quiet. New Zealand white is quoted at 75s to 765, coloured 80s to 81s. Australian, nono offered. REPORTS OF MERCHANTS. Joseph Nathan and Co., LtaT, has received the following cablegram from its London office, dated August 21:—Butter: Fresh landed, very slow sale, 130s to 1325. Stored, neglected. Cheese: White, 745; coloured, 80s. Market weak. Andrew Clement and Sons, Ltd., has received the following cablegram from its London office, dated August 21:—Butter: Unsalted, 138s; salted, 130s. White cheese, 745; coloured, 80s. Both markets dull. Dalgety and Co., Ltd., has received the following cablegram from Samuel Page and Son, London, dated August 21: —Butter: New Zealand, finest salted, 130s to 1325; Danish, 142s to 1445; Australian, finest unsalted, 132s to 1345; salted, 130s to 1325. The market continues weak at further decline. Cheese: White, 75s to 765; coloured, 80s to 81s; Canadian, white, 80s to 82s: coloured, 80s to 82s. Amalgamated Dairies, Ltd., has received the following cablegram from its London office, dated August 21:—Butter: Our official price unchanged. Finest, 1345. Market now demoralised. Stored butter released by speculators controlling position. Finest sold yesterday at 128s; stored, 130s, freshly arrived. Cheese: White, 74s to 765; coloured, 80s to 81s. Market weaker. W. W. Bowker has received the following cablegram from his London office, dated August 20:—Butter: New Zealand, finest, 130s to 1325; first grade, 128s to 130s; Danish, 144s to 1465; Australian, 128s to 1325. . The market is very weak and sales extremely slow. Tho Continental price is declining. Cheese: New Zealand, white, 75s to 775; coloured, 80s to 81s. The market is slow.

DOMINION COMPANIES. ■RECENT REGISTRATIONS. Details of the following recent company registrations appear in the current issue of the Mercantile Gazette': — National Dairy Association of New Zealand, Ltd. Capital: £BO,OOO, into 80,000 shares of £1 each. Subscribers: Egmonfc Village, A. Morton. Hawera, J* B. Murdoch, T. A. Winks. Ohau, J. D. Brown. Maharahara, J. Gildea. Whangarei, E. S. Tremaine. Pahiatua, tT. G. Brechin. Opotiki, J. B. Gow. Cambridge, F. H. Anderson, one share each. Objects: To carry on business of importers, exporters, manufacturers, buyers, sellers and dealers in dairy machinery and plant arid general incidental—Wellington. Central Chambers, Ltd. Capital: £2OOO, into 2000 shares of £1 each. Subscribers: Dunedin, R. H. Stevenson, 667, J. R. Fairburn, 666; W. McLellan, 667. Objects: To purchase from the Evening Star Co., Ltd., its estate and interest in the premises recently occupied by it in Bond Street and extending through to Crawford Street.—Dunedin. . Refreshers (Auckland), LtxL Capital: £3OOO, into 2000 preference shares of £1 each and 1000 ordinary shares of £1 each. Subscribers: Dunedin, W. H. Mackenzie, 250 pref.; D. R. Wilson, 250 pref.; JHelmkey, 250 pref.; V. Smith 250 pref.; A. Andrews, 100 pref.; L. B. Ballard, 100 pref.; R. Dixon, 200 pref.; P. G. Dyer, 100 pref.; J. Robertson, 100 pref.; J. C. Rigby, 150 pref.; G. W. Brown, 250 pref.; A. M. Kinmont, 500 ord.; S. G. Griffith, 500 ord. Objects: Refreshment contractors, restaurant keepers, refresh ment room and marble bar propnetorr etc.—Dunedin.

STOCK SALES. DAIRY HEIFERS AT OPOTIKI. [BY TELEGRAPH.—OWN CORRESPONDENT.] OPOTIKI,. Friday. Dalgety and Company. Ltd.. report having held a sale o£ dairy heifers in the Opotiki salcyards yesterday. Included in the yawing was a choice line of springing neiiers from Gisborne. Competition was very keen, good prices wore obtained and a total clear- } ance was effected. The prices were Choice quality springing Jersey heifers, close to profit, £ll to £l3; Jersey cross heifers. £8 2s 6d to £9 12s 6d; Holstein heifers, £7 10s to £8: late calvers, £6 10s: springing cows. £9 10s to £l2. HIGHER PRICES AT FEILDING. [by telegraph.—press association.] FEILDING. Friday. Sharp rises in prices of fat sheep, fat cattle and dairy cattle were recorded at the stock sale to-day. Rates for sheep were up 4s per head, springing Jersey heifen advanced £3, and prices for fat cattle roße to 35s per 1001b. Prices were:—Fat sheep: Hoggets, heavy prime, 23s 7d to 25s 3d; very good, 20s Id to 22s 6d; good. 18s 5d to 19s; fair, 15s to 17s Sd; twotooths. special lines, 28s; prime heavy, to 23s 6d; prime heavy ewes, 26s to 2Gs 9d; very good, 23s 6d to 25s 4d; good, 19s to 21s lOd; medium, 17s Id to 18» 2d; wethers, special lines, 31s 4d and 32s 3d; heavy prime, to 30s lOd; good, 255; fair, 21s 6d to 22s Bd. Store sheep: Black face hoggets, 9s 2d; black face ewes, 6s: ewes and lambs, 17s 3d; ewe hoggets, best condition, to 27s 2d; good, 23s to 265; others, 22s 8d; wether hoggets, 17s Id. Fat cattle: Heavy Shorthorn bullocks, £ll 10s to £l2 17s 6d; Shorthorn heifers, £10; Hereford cows, heavy, £ll 17s 6d; good, £8 5s to £9 ss; Hereford heifers, £lO 10s to £11; Polled Angus cows, £8 to £8 7s 6d; Jersey cows, to £G 10s. Store cattle: Empty cows, to £3 ss; Jersey cows, £9 5s to £3; Jersey weaner heifers,, to £5. Dairy Stock: Good quality Jersey heifers ' (springing), to £l7 6s; fair quality, £7 15# to £8 10s: inferior, £6 10s to £7; good springing cows, to £l3; others, £S 10s to £ll.