COMMERCE AND FINANCE

Otago Daily Times, Issue 20282, 15 December 1927, Page 18

COMMERCE AND FINANCE

WEEKLY MARKET REPORTS. Burnside, December 14. Fat Cattle.—A largo entry was forward, numbering 380 head, the bulk consisting jf medium to prime ox with an odd penning of extra prime steers. The proportion ot cows and heifers was not large. The supply was in excess of requirements, ami in consequence,, values wore easier, prime bullocks receding 20s per head and medium sorts 30s to 40s, compared with last sale. Cows and heifers showed the least depreciation. Quotations: Extra heavy prime bullocks made up to £l9; prime, £l4 to £lb 10s; medium, £ll to £l2 10s; light, from £9 10s; extra prime cows and heifers, to £11; prime, £8 10s to £9 10s; medium, £6 10a to £7 10s.—The National Mortgage and Agency Company of New Zealand sold; For J. G. Andrews (Waimahaka), I bullock £l9, 3 £l2, 2 heifers £9 7s 6d, £8 17s 6d; F. Campbell (Wyndham), . bullock £l4 2s od, 2 £l2 ISs, 1 cow £ll 7s 6d, 4 heifers £10; W. Lindsay (Allanton), 1 bullock £ls 2s 6d, 2 £l4 ss; R. Kira (Mosgiel), 2 bullocks £ls 10s; D. Ireland (Mosgiel), X bullock £l3; C. Carnio (Mataura. Island), 2 bullocks £l3 12s 6ci, 3 £l3 7s 6d. 1 cow £lO 2s 6d, 1 £lO, 1 £8 15s. Stronach, Morris, and Co. sold; For A. J. Bell (Stirling), 2 bullocks £l7 7s 6d, 2 £l6 15s, 3 £l6 10a; J S. Fleming and Co. (Titiroa; J. E. Watson and Co., Ltd., Invercargill, as agents) 2 bullocks £l6, 1 £ls 15s, 3 £ls 2s 6d, 2 £l2 2a 6d; J. F. Bell (Stirling), 2 bullocks £l6, 2 £l2 2s 6d, 1 £9 2s 6d, 1 heifer £9 ss, 2 £7 15s; A. W. Green (Balclutha), 2 bullocks £ls 10s, 2 £l4 7s 6d; W. A. Sopor (Greenfield), 2 bullocks £l4 ss, 1 £l2 7s 6d; A. Scott (Burnside), 1 bullock £l2 10s, 1 cow £l2 10s. 1 £ll 12s 6d, 1 £lO 10s, 1 £9 17s 6d, 1 £7; Mrs H. M. Boyd (Stirling), 1 bullock £ll 10s, 1 £8 ISs, 1 cow £8 10s, : heifer £7 17s 6d; K.. Rotting (Te Houka), 1 bullock £ll ss; A. J. Glen (Pukepito), 1 heifer £11; J. C. Renton (Mosgiel), 2 bullocks £9 7s 6d; W. Lindsay (Allanton), V cow,£6 17s 6d. Wright, Stephenson, and, Co. sold: For K. G. M'Kenzie (Waimahaka), 1 bullock £l7 10s. 2 £l4 2s 6d, 3 £l3 12a 6d, 2 £l3 17s 6d; R. Lochhoad (Balclutha), 1 ■ bullock £l7 7s 6d, 1 £ls, S £l4 7s 6d, 1 £l4 2« sd; R. L. Reid (Waimahaka), 1 bullock £l6 7s 6d, 2 £l4 2s 6d, 1 £6 17s 6d, 2 cows £9 10s,’ 1 £8 ss; George Nichol and Sons (Allanton), 2 bullocks £l6 7s 6d, 2 £l4 2s 6d, 2 £l2 15s; W. Lindsay (Allanton), 1 bullock £ls 10s, ■ £l3 10s, 1 heifer £8 15s; J. C. Renton (Mosgiel), 1 bullock £l4 17s 6d, 1 £ll 12s 6d; Mrs W. Kirk (Mosgiel), 2 bullocks £l4 15s; A. W. Douglass (Waikouaiti), 3 bullocks £l3 10s, 3 £l2 12s 6d. 2 £ll 17s 6d, 1 cow £lO 17s 6d; R. Bolting (N.E. Valley),. 2 £ls; J. W Blair (Outram), 4 bullocks £ll 17s 6d. New Zealand Loan and Mercantile Agency Company sold: For Alexander Gow (Woodside), 1 bullock £lB, 2 £l6 17s 6d, 3 £ls 2s 6d, 1 heifer £8 17s 6d; Kain Bros. (Stirling), 2 bullocks £l6 '?, 2 £ls 17s 6d, 4 £l4 10s; a southern client, 2 £ls 15s, 2 £ls 12s 6d, 2 £l4 15s, . £l4 12s 6d; W. Kirk (Mosgiel), 2 £l4; W. Blackie (Mosgiel), 2 £l2 2s bd; A. Moynihan, jun. (Momona), 2 cows £8 15s. Dalgety and Co. sold: For W. L. Scott (Mataurn), 1 bullock £l6 7s 6d, 1 £u 17s 6d, 1 £ls ISs, 2 £ls 10s, 1 £l4 17s od 1 £l3 12s 6d; a client, 1 cow £l2, 1 £ll 10s, 1 bullock £l3 15s; D. Indcr (Naseby), 1 bullock £8 15s; executors William Kim (Mosgiel), 2 bullocks £l2; William Linds iy (Allanton), 5 bullocks £l3 10s; Murray Bros, (Clydevale), 4 bullocks £l2 17s 6d 1 £l2 :ss, 2 heifers £B, 1 £6 10s; A Scott (Burnside), 1 cow £7 104. Donald Reid and Co. sold : For J. C. Renton (Mosgiel), 2 bullocks £l7 12s 6d; J. 8. Fleming and Co. (Invercargill), 2 £ls 10s, 3 £l4 15s, 2 £l3 17s od; John Graham (Kennington), 3 £l3 10s, 4 £l2 12s 6d, 3 £l2 10s. 3 £ll 7s 6d, 2 £lO 15s, 1 £9 2s 6d; William Lindsay (Allanton), 2 £l3, 1 £ll 7s 6d; lan Lindsay (Allanton), 3 £l2, 1 heifer £ll, t £8 10s; Carruthers, 3 bullocks £lO ss; E. T. Kirk (Mosgiel), 2 £l2 15s; W Massey, 2 £lO 12s 6d; R. Dotting (Mosgiel), 1 heifer £8 15s; John Camobell (Allanton), 1 cow £lO, 2 £7 2s 6d.- —-The Otago Farmers’ Co-operative Association of iNew Zealand sold: For D. Ireland (Mosgiel), bullocks £l4 2s 6d, 2 £lO 7s 6d. 3 £9 17a 6d; Mrs W. Kirk (Mosgiel). 1 bullock £l4 7s fid, 1 £l3 15s; J. C. Renton (Mosgiel), 3 bullocks £l3 ss; Walter Blackie (Mosgiel), 1 bullock £l2 10s. 1 £11; William Lindsay (Allanton). 1 heifer £9 ’ss. 1 £9 XOs, 1 £8 15s; William Blackie (East Taieri), 2 heifers £lO 10s, 2 £6 7s 6d; J, W. Blair (Outram), 1 heifer £9 Is, 1 £7 7s bd, Robert Wilson (Riverside), 1 heifer £7, l £6 10s; a southern client, 1 truck bullocks to £l3 12s 6d, and passed out two trucks unsold. Store Cattle.—There was an entry *-f 230 head, comprised chiefly of good con htioned cows, with a tow pennings of tnree-year-old steers. Compared with last si 1 ", «)W3 declined 20s per head while steers sold at recent rates. The National Mortgage and Agency Co. sold: For J. Agnow (Sawyer’s Bay), 1 cow £8 Is, 1 calf 10s. Wright, Stephenson and Co. sold; For J. Williamson (Kurow), 4 steers £ll, 1 £9 2s 6d, 1 £4 15s; J. MTherson (Glenpark), 1 bull £10; W. V. Forrester (N.E. Valley), 1 cow £8 15s; client. 5 cows £8 ss, 2 £B, 1 £7 12s 6d; J. Woods (Dunedin), 2 steers £8 7s 6d, 9 cows £3 18s; R. Cullen (East Taieri), 1 cow £8 12s, 1 £4 ss; A. Henderson (Maheno), 1 cow £7 10s, 1 £7, 3 £6 103, 1 £4 15s, 1 £4 lls, 3 vealers £2 lls, 1 £2 ss; T. Morrison (Orcpuki), 2 cows £7. 1 £6 18s, 2 £6 17s 6d, 1 £6, 1 £5 Us, 1 £5 Is; F. O’Connell (Mornington), 1 bull £5 10s, 1 cow £5 2s 6d; client. 1 bull £5; O. North (Portobello), 1 cow £5; client, 4 steers £4 17s 6d, 1 yearling £3 6s; T. Johnston (Broad Bay). 2 cows £4 15s; R. J. Stuart (Highcliff), 2 cows £4 14s, 1 £4; J. Thomson (Green Island), 1 cow £4 13s; J. Hall (N.E. Valley), 1 cow £4 12s 6d. 2 £3 15s; J. Smith (Portobello), 1 cow £4 10s; client, 1 cow £3 6s, 1 calf 15s; G. Sickles (Fairfield), 1 heifer £3 ss; client, 5 vealers £2 Bs, 2 £2, 2 calves 15a. Stronach, Morris and Co. sold: For A. J. Ings (Tomahawk), 1 cow £lO lls, 1 £3 12s; R. Brown (Middlemarch). 1 cow £3 12s; client, 1 cow £3 19s, 1 £2 18s; E. J. Dochcrty (Sutton), 5 calves 355. 2 31s, 3 28s. Now Zealand Loan and Mercantile Agency Co. sold: For A. Moynihan, junr., 1 heifer £7 2s. 1 £5 13s; Mrs A. M'Donald (Mosgiel), 1 vealer 375. Dalgety and Co. sold: For G. F. Bewley (N.E. Harbour). 1 cow £6 15s; client. 1 lieifcr £3 9s. Donald Reid and Co. sold: For John Robinson (Catlins), 11 heifers £3 lls, 2 vealers 12s 6cl. 2 £3, 2 £2 lls. 2 £2 lls, 1 £1 17s, 4 £2 10s, 1 £1 9s; Jas. Carter (Glcncsk), 2 steers £3 19a. 1 steer £5, 4 cows £2 I2s; Wilson and Ellis (Tawanui). 8 bullocks £lO 15s; W. Clark (Long Range), 1 cow £ll 4s, 1 £9 10s, 1 £8 lls, 1 £7 19s, 1 £7 6s. 1 £6 19s; W. Forrester (N.E. Valley), 2 Cows £3 sa; J. Buttar (Upper Junction), 1 £4 10s. I £3 17s: J. S. Bolting (Wmgatui), 1 £3 10a, 7 £4 lls; R. Dotting (Mosgiel), 1 £7 10s; southern client. 1 £4 ss, 1 £4 7s, 1 vealor £2 ss; client, 1 cow £ll 17s 6d, 1 £lO 16s, 1 £lO 2s. 1 £10; R. Jones (Mount Mourne). 2 cows £6; Client. 1 bull £4 ss; Mrs Morrison (Henley), 1 £4 10s; K Arthur (Jamestown), 1 £5 ss. The Otago Farmers’ Co-opera-tive Association of Now Zealand sold: For John Black (Mataura', 1 cow £9 16s, 1 £8 15s, 6 bullocks £3 ss; Wm. Lindsay (Allanton). 3 cows £9 15s, 3 £9 ss, 3 £9, I £4. 12s 6d, 1 £l, 3 vealers £3 10s. 2 £3. 1 £2 15s. 1 £2 10s, 2 355, 1 27s 6d; A. W. Douglas (Waikouaiti), 2 cows £9 7s 6d, 7 £3 10s; J. Russell Lome (Invercargill) 1 cow £8 7s 6cl, I£7 17s, 1 £7 12*' 6d,‘ 1 £7, 1 £6 17s 6d, 1 £6 14s; W. Lindsay (Allanton), 2 cows £8 10s, 1 £8; ■T. Wood (Green Island Bush), 1 heifer £8 7s 6d, 1 £6 17s 6cl, 1 £6, 5 cows £5 17s 6d. 8 steers £4 10s; W. Ovens (Brockvillc', 1 cow £7 10=: Robert Sim (“Scaticw.” Caversham), 1 cow £6 12s 6d, 1 £6 7s 6d, 1 £5, 2 £4, 1 £2 ss, 1 voider 19s; D. Ireland (Mosgiel), 6 steers £7 10s, 9 £4 ss. 1 cow £6 15s. 1 £6 10s, 1 £5 ss; Wru. Keast (Middlcmarrhi. 1 cow £6 12 s; G. Goddes (Green Island), 2 cows £6; Thomas Landols (Mataura), 7 steers £7 15s, 1 cow £5, 1 £4 XCs. 1 £4 3s; John Nico Lon (“One Trco Farm”). 13 steers £6 12s, 14 £5 12?, 1 bull £5 10s, 1 steer £7, 1 vealer 28s; Smith Bros. (Glcncsk), 3 steers £5 6s, 8 cows £3 15s; Ford Bros. (Pino Hill), 1 cow £6 17s 6d, 1 £3 lls; R. Mitchell (Outram’, 1 steer £7 17s 6d, 1 cow £6. 1 £5 10?. 3 £4 15s, 1 £4 10s. 1 vealer £3 9s. 1 £2 8s; Thomas Davcv (Fairfield). 1 bull £6 12s fid: P. M'Skimming and Hon (Bonhar), 1 bull £8 10*; George Wroblo (Allanton), 1 bull £5 15s I a client. 1 bull £4 15s; R. Him (“ Seavicw,” Caversham!. 1 bull £5 15s: J. Pearson (Maori Hill). 1 cow £4 ss, 1 vealer £2 lls; J. Kiehardson (Maungatua:. 1 gtecr £3 17s 6*l; C. Spain (Mornington), 1 cow £5 ss; W. Harris (Leith Valley), 1 heifer £3 10s, 1 £2. 1 vealer 225 ; K. J. Allan (.Caversham), 1 cow £4 Is, 7 £5

LOCAL AND OVERSEAS MARKETS.

lls; P. Luke (Highcliff), 1 heifer £4 12s 6d, 1 cow £2 17s 6d; George Geddcs (Green Island) 1 heifer £3 Is, 1 vealer £3 Is; W. Blaikie (Mosgiel), 1 vealer £3, 1 £2 ss; E. 0. Reilly (Signal Hill,. Opoho), 1 vealer £2; a client, 1 cow £4 4s; P. Crawford (Green Island), 1 cow £4, 1 heifer £3 12s 6d; a Milton client, 1 oow £5 12s 6d, 1 £4 16s 1 £4 15s, 1 heifer £3 16s, 2 £2; T. Wintrup (Green Island), 1 cow £5 10s. Dairy Cows. —Stronach, Morris, and Co. sold: Tor C. O’Neill (Sutton), 1 cow £7 10s, 1 £7 ss, 1 £6 os. Wright, Stephenson, and Co. sold: For lan Lindsay (Allanton), I cow,£l6 15s. 1 £lO 10s, 2 £9 ss, 1 £9, 1 £8 10s, 1 £8 ss, 1 £7 10s, 1 £7 ss, 2 £7, 1 £6 10s, 1 £6 ss, 1 £6, 1 £5 15s, 1 £5 10s, 1 £5 ss, 1 £5 2s 6d, 1 £4 ss, 1 £3 17s 6d; Oliver North (Portobello), 1 cow £8 12s 6d, 1 £7 15s, 2 £6. 3 heifers to £5 17s 6d, 1 £5 ss, 3 to £4; J. Hall (NorthEast Valley), 1 cow £7; client, 1 £6 17s 6d; client, 1 £5 2s 6d. -New Zealand Loan and Mercantile Agency Company sold: For Industrial School fCaversham), 1 cow £9 12s 6d. Donald Reid and Co. sold: For J. S. Dotting (Wingatui). 1 £5, 1 £4 10s; A. J. Ings (Tomahawk), 1 £9 15s; T. Maxwell (Dunedin), £6 17s Gd: J. Pryde (Mornington), £6 ss; T. Dalziel (Brockvillc), £7 ss; W. Forrester (NorthEast Valley), £7.— —The Otago Farmers’ Co-operative Association of New Zealand sold: For J. Ross (Fairfield), 1 cow £10; T. Dalziel (Brockville), 1 cow £7 15s; W.. Lindsay (Allanton), 6 £6 17s 6d, 2 £6 ss, 3 £6, 1 £3 7s Gel, Hope Bros. (Nenthorn). 3 heifers £5 12s 6d, 3 £5 7b 6d; R. Sim (Gaversham), 1 cow £7 10s; client, 1 cow £7 ss; Kelly and Joyce (Kaikorai), 1 cow £5; Robert Wilson (Riverside), 1 cow £5; C. Spain (Kaikorai), 2 heifers £5 7s 6d; A. D. Matheson (Middlemarch). 1 cow £6, 1 £5 10s, 1 £5, 1 £4 10s, 1 £4, 1 £3 10s, 1 cow £2 10s; J. Richardson (Maungatua), 1 cow £3 10s, 1 £2 10s. Calves. —Stronach, Morris, and Co. sold: For T. Spain ,Mornington), 1 calf 275, 1 255; William Armstrong (Mosgiel), 1 calf 225; Miss Jane Harris (Saddle Hill). 1 calf 15s, 1 14s. Donald Reid and Co. sold: For Charles Mac Murray (Mornington), 1 255, 1 12s; L. Sinclair (Wuihola), 1 38s; T. Murphy (Pine Hill), 1 225; George Ford (Mosgiel), 1 14s; O. Stenhouse (Halfway Busn), 1 245; Robert Allan (Brockvillc), 1 255, 1 17s, 1 16s. Wright, Stephenson,' and Co. sold: For Mrs A. Cross (Otokia). 1 calf 355; M. Johnston (Burnside)., 1 275; T. Munro (Berwick), 1 255; D. Bryce (Lovell’s Flat), 1 245; J. R. Keith (Berwick), 1 20s; O. North (Portobello). 1 18s, 1 7s; T. W. Hargreaves (Anderson’s Bay), 1 15s; W. Friend (NorthEast’ Valley), 1 15s; W. Anderson (Wyllie’s Crossing), 1 15s; C. Brenssell (Outram), 1 14s; J. Kreft (Momona), 1 13s; T. and A. Bush (Brighton), 1 10s. New Zealand Loan and Mercantile Agency Company: sold; For Industrial School (Caversham), 1 255. Dalgety and Co. sold: For James Hopkins (Lawrence), 1 calf 265, 1 225. The Otago Farmers’ Co-operative Association of New Zealand sold: For E. Justice (Anderson’s Bay), 1 calf 365; T. Hay (Brighton), 1 295, 1 20s; J. Allan (South roa<L. Caversham), 1 255; client, 1 225, 1 6s; P. Bathgate (Allanton), 1 17s, 1 13s; H. A. Bush (Bright n), 1 16s, 1 12s; W. J. M'Dowell (Halfway Bush), 1 10s. 1 4s; D. M‘Kay (Mosgiel), 1 Bs'; R. M'Neur (Milton). 1 6s; J. Ross (Fairfield), 1 4s 6d; Ford Bros. (Pine Hill), 2 ss. Fat Sheep.—There was a fairly large I yarding numbering 2631. The entry was comprised principally of medium wethers and ewes. The proportion of extra sheep was not large. The sale opened at par to Is decline, and a dragging sale ensued, with values at the finish fully 2s to 3s under opening rates. Th 0 average decline for extra prime wethers could be stated at Is and for medium and light wethers and owes 3s, in comparison with last sale quotations.—Extra prime woolly wethers realised up to Sss; prime, 44s to 48s: medium 37s to 395; light, from 335; extra prime woolly ewes, to 455; prime, 37s to 38s 6d: medium, 30s to 325; light, from 235. Extra prime shorn wethers made up to 46s 6d; prime. 37s to 40s; medium, 32s to 345; light, from 25s. —The National Mortgage and Agency Co. sold: For P. Campbell Wyndham), pen wethers shorn 46s od, pen 45s 3d, pen 27s 9d 10 shorn ewes 555, 19 325, 8 29a; John Dennis (Switzers), 23 shorn wethers 435, 18 39s 9d, 17 35s 3d ; Lindsay and Dalrymplo (Lime Hills), 23 shorn wethers 40s. 21 37s 9d, 19 32s 3d; C. F. Robertson (Waikoikoi), 16 woolly wethers ,40s 6cl, 14 39s 3d, 17 355, 7 35s 6d; Alexander Black (Heriot), 16 shorn wethers 32s 6d : B. Laverty (Taieri Beach), pen shorn wethers 365; south client, truck owes and wethers at quotations; J. F. Harris (Moa Flat), S shorn. wethers 28s 6d, 13 265. 4 owes 255; J. A. Kirkland (Middlemarch), 12 shorn wethers 25s 6d, 12 shorn ewes 24s 3d, 14 17s 6d; D. B. Craighead (Middlemarch), 17 shorn ewes .255, 11 18s.—-Wright, Stephenson and Co. sold: For W. Pringle (Balfour), 15 woolly wethers 555. 5 465: H. Clark (Portobello), pen ewes 43s 9d. pen .wethers 37s 9d; W. A. Baxter (Pomahaka), 15 woolly wethers 44s 3d, 19 40s, 10 37s 9d, 17 375, 7 woolly ewes 365; G. Stuart (Tapanui), 24 shorn wethers 395, 23 365, 16 shorn owes 32s 9d : M. Salmon (Wallace town), 34 shorn wethers 38s 3d, 7 shorn ewes 355; D. Bryce (Lovell’s Flatl, 24 shorn wethers 355, 24 33s 9d. 15 31s 6d; R. Lochhoad (Balclutha), 13 woolly ewes 35s 3d, pen woolly owes 35s 9d, 7 28s. 3 shorn wethers 25s 3d; A. W. Douglass (Waikouaiti), 23 shorn wethers 355; John Nimmo (Mosgiel), 23 shorn wethers 34s 3d, 18 33a 9d, 19 32s 3d; J. Saunders (Pukerau), 26 shorn wethers 33s 6d; Reid and Jones (Clifton Settlement, Waiwera South), 17 shorn wethers 28s 3d, 17 26s 9d, 22 26s 6d ; F. Davidson (Pidgeon Flat) pen shorn ewes 27s 6d, 18 ewes ISs 2 shorn wethers 20s; D. R. M'Taggart (Balfour). 5 shorn owes 23s 9d, 28 16s 3d, 8 shorn wethers 235. Stronach, Morris and Co. sold: For R. Bolting (Te Houka), 1 pen woolly wethers 54s 3d, 9 62s 3d, 14 45s 9d . R. Jbpp (Chatto Crook), 6 shorn wethers 41s 6d, 24 to 57s 9d, 30 355; A. S. Holms (Waimahaka Estate, Invercargill), 26 shorn wethers 335, 25 29s 6cl, 9 owes 29s 3d ; John Wilson (Omafcau), 6 shorn wethers 29s 6d. 17 28s; clients. 6 shorn ewes 28s, 20 shorn wethers 275, 40 to 26s 3d; Miss E. Black (Maungatua), 1 ewe 35s 6d. New Zea land Loan and Mercantile Agency Co. sold : For J. W. Kingdon (Gore), 20 woolly owe? 43s 6d. 22 41s 6d, 4 34s 6d: a southern client. 38 shorn wethers 36s 3d, 35 S4s 9d ; J. W. Blair (Outram), 16 shorn wethers 33s 3d, T< 29s 6tl; J. A. Dutliio (Lovell’s Flat), 18 wethers shorn 50s 11 265, _4 shorn owes 245. Jaffray Bros. (East Taieri), 20 shorn wethers 29s 6d. 10 shorn ewes 28s 9cl; D. A. Drinnan (Milton), pen shorn wethers 335, pen shorn owes 335; Robcn Murray (Clarksville), 2 woolly ewes 24s 3d ; a client, pen ewes 225, 13 shorn ewes 16s, 15 12s 6d, 6 thorn wethers 25s 3d ; J. and D. Clark (Monoymore, Milton). 7 short: owes 20s 9d; Timpany Bros. (VVoodlands), 31 wethers 30s 3d, 18 28s 3d. Dalgety and Co. sold: For D. D. Edgar (Tapanui). 10 wethers 38s 3d, 6 55s 9d, 8 owes 31s 9d, 9 wethers 32s 3d. pen wethers at quo tations; Janies W. Blair (Outram), 20 wethers 31s 6d. 13 29s ; J. A. M'Donald (Tapanui), 10 owes 31s; Keith Rodger t (Tapanui). 8 ewes 295; W. M'Auley, 40 * wethers to 355; C. K. Shout (Monoymore), 25 owes 20s; R. Mitchell (Outram), 25 wethers 325; John Oickison (Pomahaka). wethers 41s 6d, pen ewes. 54s 3d; J. F. Harris (Moa Flat). 9 wethers 23? 6d. 13 265, 8 25s 3d, pen owes 255; W. D. Wright (North Taieri). pen owes at quotations. Donald Reid and Co. sold; For W. A. Baxter (Pomahaka), 12 wethers 42s 6d. 20 40s 6d. 5 ewes 255; William Thomson (Enfield), 5 wethers 435, 11 32b 6d, 14 31s 9d, 11 ewes 525, 7 wethers 29? 9d 3 ewes 22s 6d, 14 32s 6d. 3 22s 6d, 12 wethers 345. 13 32s 6d ; J. A. M'Neill (Milburn). 2 39? 3d 1 ewe 32? 6d. 1 17s 6d; J. If. .Jaffray (Milton), 3 365; James France (Milton), 4 35s 9ci; John Lochhoad (Kaitangata), 8 39?. 13 31s 9d, 7 25s 9d. 17 wethers 335: R. G. Lockhart (Monoymore), 17 o-ts. 9 52s 3d ; Thomas Smith (Willowbrao) 13 ewes 51s 9d; William Drinnan (Milton), 10 ewes 28s: Titiroa E.-tato (Invercargill). 21 24s 9d 25 22s 9d, 11 18s; Executors late John Strain (Milburn). 3 29s 6d , Alexander Black (H-riot), 29 wethers 53?, 14 31s; 11. M'Neill (Milburn). 4 ewes 22s 6d. The Otago Farmer’ Co-operative Association sold: For Southland Farmers’ Coepera'ive (Invercargill) 16 wethers 445. 19 40? 3d. 9 36s 3d. 12 owes 295; Andrew Harvie (Nenthorn. Moonlight), 14 wethers 36 s 6d. 23 30s 6d, 16 27s' 3d. 12 25s 9J : Allison Bros. (Clarksville) 9 wethers 34s 9.1. 4 30?. 2 ewes 27?: A. G. Mathias (Waipiata), 12 wethers 32s 6d, 41 26? fid. 13 25, 6d; G. 11. Craig (Mri'giel). 2 ewe? 23s 6*l; William Finch (Milton), 6 ewes 50:: fi. Mitchell (Outram), pen sheep 32s 3d ; Jaffrey Bros (Saddle Hill), 12 owes 23? 3d; James Forsyth (Wingatui), 2 ewes 25s

6d; Con. O'Neill (Snßon), 2R wethers ,22s i 9d. 6 ewes 20s 6d ; J. W. Grnham (Mosgiel), 2 "ewes 18s 6cl; James Douglas (East Taieri), 8 owes 235. 5 17s 6cl. Fat Lambs.—An entry of 280 was torward in this section, comprised ot good quality. Competition was keen at last week’s rates. Quotations: Extra prime realised up to 37s 6cl; prime, 30s to 325; medium, 25s to 28s; light, from -Is Od. The National Mortgage end Agency Company of New Zealand sold: tor J. A. Mathewson (Dunedin). 3 lambs J.w; J. Campbell (Wyndhara), 3 335; E. Laverty (Taieri Beach), 2 335; south client, 0 at _ quotations. —-Wright, . Stephenson, and Co. sold: For h. ralkiner (Green Island), 230 s 9d; D. Martin (Milton), 1 30s 6d; F. Potter (Port Chalmers), 5 30s; J. W. Graham (Mosgiel), 3 28s 3d. Strouach, Morns, and Co. sold: For E. Laverty (Taieri Beach), 3 i 36s 3d; T. Johnson (Allanton), 1 34s 6d, 3 30s 6d, 4 28s; Wallace Bruce (Momona), 3 32s 9d, 230 s; Mrs J. Little (Taieri Beach), 1 325; clients, 10 at 325, 4 275; R. Mitchell (Outram), 4 31s. New Zealand Loan and Mercantile Agency Co sold: For D. A. Drinnan (Milton), 6 34s 9d; Patrick Scanlon (Milton), 3 34s 9d, 2 325; a client, pen 31s 6d, 230 s 9d, 8 27s Gd, 8 24s 3d; Robert Murray (Clarksville), 4 31s 3d, 3 29s 9d; F. E. Quelch (Milton), 230 s; E. Finnie (Saddle I Hill), 3 28s Od, 5 24s Gd.—Dalgety and I Co. sold: For R. Mitchell (Outram), 4 I 32s 3d. 5 29s 9d; client. 231 s; J. A. Mathewson, 4 28s 9d; John Imrie (Mos--1 giel), 5 33s 3d; James Forsyth (Wangatui), 6 29s Gd; G. H. Craig (Mosgiel), 2 31s Gd; William Finch (Milton), 230 s 3d; D. M'Grogor (Milburn), 2 325; W. A. Sheddan (Tapanui), 5 325, 5 25s 3d; K. Rodger (Tapanui), 4 3's 3d. Donald Reid and Co. sold: For John Campbell (Allanton), 5 33s 9d; James Liddell (Taieri Beach), 5 33a; Alexander Scott (Burnside), 7 32s 9d. 0 30s; executors late John Strain (Milburn), 5 32s 3d, 4 30s 3d; Mrs C. Wisely (Milburn), 4 31s 3d; Thomas Smith (Omoata), 4 31s Gd, 4 30s 3d; George Craig (Mosgiel), 1 30s Od; J. B. Hagan (Milbyrn), 4 30s; Alexander Main (Milton), 6 28s 3d; W. Finch (Milton), 226 s 9d; Thomas Wilson (Andraes), 3 28s -9d.——The Otago Farmers’ Co-operative Association of Now Zealand sold: For Andrew Harvic (Nenthorn, Moonlight), 1 37s Gd; John Cowie (Milburn), 5 335, 5 335; D. Ireland (Mosgiel), 11 345, 9 28s 9d; F. Quelch (Milton), 2 345; D. M'Gregor (Milburn), 3 345; R. Bruce (Milton), 3 33s 3d, 4 31s; James Forsyth (Wingatui). 5 325; E. Laverty (Taieri Beach), 3 32s 9d; William Finch (Milton), 3 31s 3d; T. Pugh (North Taieri), 6 30s 6d, 4 28s Gd; a client, 228 s 9d; a client, 1 30a 9d. Fat Pigs.—The National Mortgage and Agency Company of Now Zealand sold; For James White (Middlemarch), 4 pigs £3 2s, 1 £2 12s, 2 £2 4s, 2 £2 la.— Wright, Stephenson, and Co. sold: For Lawson Bros. (Monoma), 1 £3 Bs, 1 £3 7s, 2 £3; Mrs E. Welham ( Brockvillc), 1 £3 2s; O. North (Portobello), 2 £2 16s, 2 £2 ss; T. Murphy (Pine Hill), 1 £2 13s, 2 £2 11s; C. Brenssell (Outram), 1 £2 10s, 2 £2 3s; J. Houlihan (North-East Valley), 1 £2 ss, 1 £2 3s, 1 £2; A. Cross (Otokia), 1 £2; J. Kennedy (Fairfield), 5 £1 17s. Stronach, Morris, and Co. sold: For Lyders Bros, (Berwick), 2 £3 14s, 2 £3 lls, 1 £3 os, 1 £3 6s, 1 £3 4s; G. Jenkins (Wingatui), 1 £3 13s; W. Ward (Middlemarch), 3 £3 8s; D. M'Lareu (Caversham), 1 £3 7s; R. Brown (Middlemarch), 2 £3 4s: P. Cunninghom (Wylie’s Crossing), 1 £3, 1 £2 19s, 1 £2 18s; Cuttance Bros. (Maungatua), 2 £2 19s; W. D. Mason (Middlemarch), 3 £2 19s, 2 £2 18s, 2 £2 10s; a client, 1 £2 14s, 3 £2 13s; C. Spain (Waverlcy), 4 £2 10s; Mrs S. M'Lelland (Fairfield), 2 £2 Bs. New Zealand Loan and Mercantile Agency Company sold; For E. T. Barber (Morven), 1 £3 4s, 0 £3 3s, 3 £3 2s, 5 £3 Is, 1 £3, 1 £2 10s, 2 £2 9s, 1 £2 ss, 1 £2, 1 porker £1 9s, 1 £1 2s; a client, 4 £2 ss. Donald Reid and Co. sold: For Owaka clients, 2 pigs £3 ss, 1 £2 12s, 1 £2 16s, 1 £2 6s, 1 £3 7s, 1 £3 4s, 1 £3 3s, 2 £2 9s, 3 £2 7s, 1 £2 12s, 4 £2 lls, 3 £3 Is; Robert Donaldson (Leith Valley), 1 sow £3 ss; A. A. Jopp (Mount Allan), 2 pigs £2 15s; S. Keating (Mount Allan), 1 £2 14s; Thomas M'Hugh (Pine Hill), 1 £2 19s, 1 £2 15s; Robert Brown (Middlemarch), 2 £2 13s; Thomas urphy (Pine Hill), 1 £2 6s, 1 £1 19s; David Currie (Milton), 6 £1 19s; John Butta. (Upper Junction), 6 £2 12s, 1 £1 17s; Lynn Bros. (Wylie’s Crossing), 1 £2 lls, 2 £2 3s; Mrs Laverty (Green Island Bush), 1 £2, 1 £1 13s. Exhe Otago Farmers’ Co-operative Association sold: For W. D. Mason (Middlemarch), 1 pig £3 6s, X £2 ISs, X £2 10s; J. Christie (N.E. Valley), 1 pig £3 Gs; A. Rodgers (Sandymount), 1 £3, 1 £2 12s, 1 £2 10s; J. Cross (Portobello), 2 £2 19s; Cuttance Bros. (Maungatua), 2 £2 18s, 2 £2 14s; Faulds Bros. (Caversham), 2 £2 16s; D. MLarcn (Caversham), 1 £2 16s, 1 £2 14s, L. Hayworth (Portobello), 2 £2 14s, 1 £2 13s, 1 £2- 6s; J. F. Taylor (Otakouj, 1 £2 14s; W. G. Taylor (Mosgiel), 2 £2. 10s; T. M'Leary (Brighton). 1 £3; T. M'Carthy (Leith Valley), 2 £2 10s; G. MTntosh (Brighton). 1 £2 10s; S. Patrick (Wavcrley), 1 £2 9s, 3 £2 ss; L. Flaws (Clyde), 2 £2 ss; J. Morrison (N.E. Valley), 1 £2 ss, 1 £2 Is, 2 £1 10s; J. W. Thompson (Abbotsford), 2 £2: W. Haetie (Pine Hill), 2 £1 18s; A. S. Cullen (East Taieri), 2 £2 4s, Store Pigs.—Wright, Stephenson, and Co. sold: For J. Miller (Burnside), 1 16s; Mrs M. J. Hughes (Wylie’s Crossing), 4 14s 6d, 4 13s 6d; J. Taylor (Otokia), 6 13s 4d.—Stronach, Morris, and Co. sold: For A. Moynihan, jun. (Momona), 6 pigs 24e Od, 3 245; Bowen Bros. (Concord). 3 pigs 20s, 1 18s; A. A. Brum (Momona), 4 pigs 16s 6d, 216 s. 1 12s 6d. Donald Reid and Co. sold: For Mrs E. Wishart (Henley), 3 pigs 24s 6d; a client, 1 19a, 1 14s 6d: A. Meiklejohn (North Taieri), 215 s 6d. The Otago Farmers’ Co-operative Association sold; For A. Meiklejohn (North Taieri), 3 pigs 26s 6d; J. Morrison (N.E. Valley), 1 20s; J. Peat (Allanton), 1 235, 1 21s; A. Moynihan, sen. (Momona), 3 345. CHEAP MEAT. We sell only prime ox beef, wetaer mutton, prime lamb, dairy-fed pork; for quality the cheapest shops in ti n. We specialise in orders from country sidents. —Salisbury Butchery Shops, Stuart street, George street, and Princes street.— Advt. ADDINGTON MARKETS (Peh United Press Association.) CHRISTCHURCH. December 14. At the Addington market heavy entries were the rule to-day, and there was a weaker sale for all classes except fat lambs, which were in small supply, and fat cattle and store sheep, which showed little change. Store Sheep.—There was a larger entry and a sound sale for all classes, particularly wethers, which sold well above the parity of the fat sheep forward. Four and six-tooth wethers made 24s 3d to 2Gs sd, ordinary four and six-tooth wethers, 22s 9d to 23s 0d; two-tooth crossbred wethers. 20s 9d to 24s sd; two-tooth shorn owes, 27s Gd; crossbred ewe hoggets, 33s 7d to 34s sd; aged ewes, 13s 7d; aged ewes and lambs, 17s lid to 18s 3d; good failing-mouthed woolly ewes and lambs, 22s 9d. Fat Lambs.—There were 1100 offered, but export buyers wore uuablo to operate, their schedule of 9Jd for under 3G’s being exceeded by over Id a pound by butchers. Fat Sheep.—Twelve races were entered, and a dragging sale resulted, values being down all round by quite 4s per head. A big drop was necessary to bring values to" export parity, and the decline about represented this extent. Passings were fairly numerous. Extra prime wethers made to 37s 10d; prime wethers, 31s to 345; medium wethers, 26s Od to 29s Cd; light wethers, 23s to 265; extra prime ewes, to 32s Id; prime ewes, 23s 6cl to 275; medium. 20s to 235; light owes, 15s to ISs. Fat Cattle. —A yarding of 580 entered, and lower values operated at the outset, but the sale firmed to last week’s standard. A few pens of specially good beef made to 41s per 1001 b, gooil 36s to 38s. medium 33s to 355, heavy 32s to 345, and inferior dow.n to 255. Extra prime heavy steers realised to £2O 7s fid; pnme stems;. £l4 15. S to £l7 10s: inedmm w '• £l3 to £l4 10s; light steers, £7 to £l2; extra prime heifers, to £lO 2;. Oil; pi,ni, heifers, £ll to £l2 15s; medium heifers. £8 to £lO 15s; light heifers, £6 Ids to £7 15s; extra prime cows, to £l4 2s Gd; prime cows, £lO to £l2 ss; medium rows, £7 to 9 10s; light cows, 4 to £0 10s. Vealer:?. —There was a good sale for grown sorts, and the top price was £7. £7 to £9 10s; light cows, £4 to £0 10s. Store Cattle. —There was a lifeh s 11Station two-year steers mad" to 1 ! Id--(hi* yearling steers, to £3 15s; yearling heifers, to £2 13s 0d; and a 1 m,;v, p. £4 Ids. Dairy Cows. —A few good eons were ineluded in the entry. Coot! young cows brought £0 to £l2; ordinary, £4 15a to

£8 10s; springing heifers, £0 to £9 ss; inferior cows, in profit, £3 5s to £4 10s. Fat Pigs.—There was a heavy entry of porkers and a medium one of baconers, and there was an all-round decline. Some buying took place for export. Choppers realised £3 to £4; baconers, 53s to 60s; heavy baconers, Gss to 70s. Average price per lb, 44d to 54(1. Porkers made 35s to 40s; heavy porkers, 45s to 525. Average price per lb, 54d t) 7d. Store Pigs.—A large entry was forward and lower prices by 5s to 6s a head were the rule. Weancrs made 9s to 15s 0d; good slips, 11sto 16s; medium stores, 17s to 21s; large stores, 22s to 30s; extra good stores, to 345. LONDON WOOL SALES. I Press Association— By Telegraph— Copyright.) LONDON, December 13. The wool sales have closed. The bales catalogued totalled 121,685. It is estimated that about 53,000 bales were sold to the Home trade, 52,000 to the Continent, 2000 to America, and 14,000 are held. Keen biddings and tone prevailed throughout. Merinos, medium and broader grades, were fully 5 per cent above September rates. Other sorts were par to 5 per cent, higher. Medium crossbreds cased slightly the last few days, closing at 5 to 74 per cent, advance. Coarse preparing grades were 74 to 10 per cent, advance, and fine, fully 5 per cent. Slipes were in strong demand, 10 per cent, higher and scoureds 5 per cent. Lambs and crossbreds were 5 to 10 per cent, up, and merinos 10 to 15 per cent, higher. New Zealand’s Surprise Downs, 264 d; Ruths, 234 d.—A. mid N.Z. Cable. (Messrs (Murray, Roberts, and Co., Ltd., are in receipt of a cablegram from their London agents, dated December 13, reading as under:— The wool sales have closed with a good tone; competition fair. Compared with dosing rates of last London sales the market for greasy merino, best descriptions, shows no change. Greasy merino wool suitable for the Continent, market par to 5 per cent, advance. Lambs merino greasy, advanced 10 per cent, to 15 per cent.; scoured merino, medium to good, market par to 5 per cent, advance; scoured merino, faulty and inferior, advanced 5 per cent, to 74 per cent,; lambs merino scoured, advanced 5 per cent, to 10 per cent.; Crossbred greasy comeback and crossbred greasy fine, advanced 5 per cent to 74 per cent.; crossbred greasy medium and crossbred greasy coarse, advanced 74 per cent, to 10 per cent.; crossbred lambs, greasy, advanced 74 per cent.; slipe balfbred lambs and slipe crossbred lambs, advanced 5 per cent, to 74 per cent.; rdipe crossbred, advanced 74 per cent, to 10 per cent.; crossbred scoured, opening rates arc barely maintained.” The National Mortgage and Agency Company has received the following cablegram from its London office; —The auction dosed here to-day firm on a par with opening rates; keen competition maintained all round; Home and foreign buyers buying freely. Messrs Murray, Roberts and Co., i,td., arc in receipt of a further cablegram from their London agents, dated December 13. giving quotations as under; opening of series in parentheses:—6o's to 64’s (New Zealand merino), yielding 48 per cent., 23£d ( —); 56’s, yeilding 60 per cent., 24d (—); 50’s, yielding 65 per cent., 204 d (21d); 44’s to 46’s. preparing, yielding 74 per cent. 17R1 (17d) ; 44’s to 45’s, carding, yielding 72 per cent., 44’s, yielding 73 per cent, and 26’s to 40’s yielding 75 per cent., practically none offering. The Otago Fanners’ Co-op Association of Now Zealand, Ltd., has received the following advice from its London office; — Wool sales closed to-dny. Firm. Prices generally unchanged. Messrs Dalgety and Co., Ltd., advise having received the following cablegram from their head office, London, dated December 15: —The London wool sales closed with competition fairly animated and attendance moderate. Prices are not the highest point of the scries owing to prolongation of sales to the fourth week as n result of fogs, and spot orders being largely filled. The market is less animated than earlier in the series The French arc the principal operators for fines. Homo trade buyers operating freely for suitable merinos and crossbred. As compared with closing rates of last senes, scoured merinos, medium to good, wore par to Id higher; inferior, to higher; faulty, l|d to 2|d higher; greasy merinos, Id to lid higher; greasy crossbred, lid to 2d higher; greasy crossbreds, faulty, lid to 2d higher; greasy crossbreds, medium, lid to 2d higher; greasy crossbreds, coarse, Id to lid higher; scoured crossbreds, lid f to 2id higher; slipes, lid to 2d'higher; greasy lambs, lAd to 2d higher. There were 121,CC0 bales offered, 14,900 bales wore carried forward, of which 3500 were not offered; total sold, 106,500 bales. Tho Continent bought 57,500 _ bales; Homo trade, 47,000 bales; America 2000 bales. Quotations arc as follows Merino, good to super, 26d to 26id ; low to medium, 21d to 25d; balfbred—s6 to 58 good to super, 25id to 28d; 56 to 58, low to medium, 21d to 24id; 50 to 56, good to super, 23d to 25d; 50 to 56, low to medium, 19d to 22d; fine crossbred, 48 to 50, good to super, 19d to 22id; 48 to 50, low to medium. 17d to 18id; 46 to 48, good to super. 18d to 20id; 46 to 48, low to medium, 16d to 17id; crossbred—44 to 46, good to super, 17d to 19d; 44 to 46, low to medium, 15d to 16id; 40 to 44, good to super. 16d to 17d; 40 to 44, low to medium, 14d to 15id; coarse crossbred —36 to 40, good to super, Isd to 16d; medium to good, 13d to 14id. Tho New Zealand Loan and Mercantile Agency Company, Limited, has received the following cablegram from its London house under date December 13: —As compared with last sale’s closing rates prices arc higher par to 5 per cent, for greasy merino medium, scoured merino super. Higher 5 per cent, to 74 per cent, for coarse greasy crossbred, coarse crossored slipe, fine greasy crossbred, coarse scoured crossbred. Higher 74 per cent, to 10 per cent, for scoured merino inferior, medium crossbred, fine scoured crossbred. Higher J(d per lb „ for scoured merino medium, lambs, scoured merino medium, merino slipe. 74 per cent, higher for fine crossbred slipo. Tho sales closed firmly to-dny. TRADERS’ FINANCE CORPORATION. (Special to Daily Times.) AUCKLAND. December 14. The shareholders of the Traders’ Finance Corporation, Ltd., at tho annual meeting to-day approved the directors’ action in writing off provisionally £12,000 of the year’s net profit of £12,576, owing to trouble with one of tho company’s largest accounts. As a result of this decision no dividend will be paid on tho ordinary shares for the past six monthly period. The directors proposed to forgo their usual honorarium of £250, but tho mooting resolved that it should be paid to them. Mr Robert Burns, chairman of directors, in moving the adoption of the annual report and statement of accounts, said that unfortunately one of the largest clients of the company had become involved in financial difficulties, and a preliminary investigation indicated that when realisation was completed a considerable loss would bo made on this account.. As litigation seemed to be unavoidable, lie did not propose to go into details, but when the account, was finalised the whole matter would be laid before shareholder?. LOOKING AHEAD! The owner of an estate who looks ahead and runs no risks with the uncertainties of life and the fallibility of the staunchest friends appoints “ ’The Trimtees, Executors ’’ to be executors of his will. By appointing "The Trustees, Exccu tors,” the risk of death, sickness, absence, or indifference of the private trustee 'h eliminated, and the testator is assured of continuous administration by special! ;fs in trustee business. Tt gives one a feeling of comfort to know Unit, come what may, one’s estate will be in the care of capable and rc liable hands, ami the beneficiaries or ie pendents will be protected from unr“ liable trustees Before making your wß> consult Ihe Trustees, Executors, and Agency Company of New Zealand (Limited), corner Bond and War-’ streets, Dunedin. Full information gladly supplied.—Advt.

THE SHARE MARKET. DUNEDIN STOCK EXCHANGE. Business was quiet on the Stock Exchange yesterday. New Zealand Breweries Debentures were on offer at 23s 6d, buyers quoting at 23s 3d. Colonial Sugars were wanted at £53 15s. There was no inquiry for Mount Lyells, for which 29s 9d was asked. 44 per cent. Bonds (1938 and 1939) were in demand at £96 17s 6d. The following arc yesterday afternoon’s buying and selling quotations, which arc subject to the usual brokerage:— BANKING. Bank of Australasia —Buy £l4 10s. Bank of New South Wales —Buy £45. Bank of New Zealand —Buy 595, scl 59s Od. Bank of New Zealand (D issue) —Buy 265. Commercial Bank—Buy 29s 2d, sel 29s 6d. National Bank of New Zealand —Buy £0 17s, sel £6 18s 6d. National Bank of Aust. (cont.) —Buy £8 7s. Union Bank —'Buy £l4 10s, sel £l4 2s Cd. BREWERIES. New Zealand Breweries, Ltd.—Scl 41s Od. Now Zealand Breweries Debentures — Buy 23s 3d, sel 23s 6d. Staple's Brewery—Buy 375. INSURANCE. National Insurance Co. —Buy 15s Bd, sel 15s lid. New Zealand Insurance Co.—Buy 40s. South British Insurance Co.—Buy 575. Standard Insurance Co.—Buy 625. SHIPPING. Huddart, Parker (ord.) —Buy 47s 3d, sel 48s 3d. Huddart, Parker (pref.)—Buy 20s Bd. P. and O. Deferred Stock (ex div.) Buy £257. Union Steam Ship Company (pref.) Buy 20s 4d. COAL. Westport Coal Co.—Buy 31s 6d, scl 32s 3d. LOAN AND AGENCY. Dalgety and Co.—Buy £l3 Is. Goldsbrough, Mort —Buy 475. National Mortgage—Sel 745. Perpetual Trustees —Buy 61s. Trustees, Executors, and Agency—Sel 60s. Wright, Stephenson (ord.) —Buy 20s Id, sel 21s. MEAT PRESERVING. New Zealand Refrigerating (paid) Buy 16s 6d. Now Zealand Refrigerating •. (cont.) — Buy 8s 3d, sel 8s Bd. MISCELLANEOUS. Auckland Amusement Park (ord.) —Sel 16s 6d. Auckland Amusement Park (pref.) Sel 21s. Brown, Ewing (pref.)—Buy 20s 6d. Bruce Woollen Co.—Buy 11s. Colonial Sugar—Buy £53 15s. D.I.C. (ord.) —Buy 0s 6d prem, sel lls 3d prem. D.I.C. (pref.)—Buy 20s 6d. Dominion Investments—Buy 225. Dominion Rubber —Buy 435, sel 48s. Dunedin Stock Exchange Ppy.—Sel 83s. Eclipse Petrol—Sel 10s. Kaiapoi Woollen (ord.) —Buy 8s sd. Kaiapoi Woollen (pref.)—-Buy 14s, sel 14s 9d. Milburn Lime and Cement—Buy 325, sel 32s 9d. Mosgiel Woollen Co.—Buy £6 12s, sel £6 16s. National Electric—Scl 13s 3d. New Zealand Drug Co. (£2 paid)—Buy 66s Od, sel 68s. New Zealand Express (ord.) —Buy 20s 6d. New Zealand Guarantee Corp.—Sel 9s. New Zealand Paper Mills (ord.)—Buy 16s. Otago Daily Times—Buy 72s 6d, sel 765. Wilsons (N.Z.) Cement—Sel 38s 6d. MINING. Kawarau Gold Mining Company—Buy 6cl, sel lOd. Nokomai Sluicing—Sel 40s. Waihi—Buy 22s 3d. Electrolytic Zinc (pref.)—Buy 325, Mount Lyell—Sel 29s 9d. Upper Nevis—Buy 235, sel 265. WAR BONDS. 44 per cent. Bonds, 1930—Buy £97 15s. 4) per cent. Bonds, 1938 —Buy £O6 17s 6d. 4§ per cent. Bonds, 1930—Buy £O6 17s 6d. 5J per cent. Soldiers’ Bonds, 1933—8uy £lOl. 44 per cent. Inscribed, 1038—Buy £9O 15s. 4J per cent. Inscribed, 1939—8uy £9O 15s. 54 per cent. Soldiers’ Inscribed, 1033 Buy £lOl. 5 per cent. Postal Inscribed, 1029—Buy £9B ss. Si per cent. Inscribed Bonds, 1927-41 Buy £99. 5i per cent. Bonds, 1930—Buy £9B 6s. 5J Per cent. Bonds, 1936 —Buy £lOl. sol £lO2. Si per cent. Inscribed, 1036—Sel £lO2. NORTHERN EXCHANGES. (Per United Press fissociATiON.) The following business was done on Changes yesterday:— Auckland.—Sales: War Loan (1038) 4J per cent., £O7; Inscribed Stock (1038) 44 per cent., £O7; Commercial Bank of Australia, 29s 4d; Bank of New South Wales, £45 New Zealand Insurance, 40s 9d; Auckland Gas 23s 2d; Auckland Gas (cont.), 16a lid; Northern Steamship (cont.), 7s; Electrolytic Zinc (ord.), 31s; Sanford, Ltd., 20s 3d; Whittome Stevenson, 40s. Wellington—Sales reported: Bank of Australasia, £l4 15s; Bank of New Zealand (three parcels), 59s 3d. Christchurch.—Sales: Commercial Bank of Australia, 29s 4d; Bank of New Zealand, 59s 3d. 59s 2d (four parcels); Union Bank (new, first instalment paid), £0; New Zealand Refrigerating (cont.), 8s 4d (two parcels). Sales reported: Union Bank (first instalment paid), £5 19s. CHICAGO WHEAT MARKET. (Press Association—By Telegraph—Copyright.) NEW YORK, December 13. Chicago wheat: December, 1264 cents per bushel: March, 1293; Mav, 131 J. — A. and N.Z. Cable. STUD SHEEP. IMPORTANT SALES FOR EXPORT. Messrs Dalgety and Co., Ltd., report having made tho following sales of highclass New Zoaland-brcd stud sheep for shipment this month to South America: ROMNEYS. For Murray Bros. (Clydevalc), flock 230, N.Z.R.F.8., 58 Romney ram hoggets, 13 Romney owe hoggets. This flock was founded in 1906 by owes from J. B. Logan, flock 8, and added to from flocks of Messrs J. B. Reid and J. R. M'Kenzio. Rams used woro bred by Messrs Benley Bros., J. Reid, and importations from Messrs Rigdou, File, Neame, and Hambrook. For the Trustees in the Estate of tho lafo T. L. Barnhill (CastlerOck, Lumsden), flock 172, N.Z.R.F.8.; 14 Romney ram hoggets, eight Romney owe hoggets. This flock was founded in 1904 by ewes from tho late Matthew Holmes, flock 4, and added to from the flocks of Messrs Finn (Kent) and Hunt (N.Z.R.F.8., 331). For A. S. Holms (Waimahaka Estate, Invercargill), flock 1, N.Z.R.F.B. : 10 Romney ram hoggets, 16 Romney ewe hoggets. This flock was founded in 1876 by ewes purchased at Tohnic’s sale; these owes being the progeny of rams and owes bought from the late Dr Webster. The flock was added io by ewes from Messrs Mungavin (flock 64), Matthews (flock 21), J. R. MaoKenzic (flock 19). G. K. Allen (flock 142), and by importation from H. Higdon (Kent). Rams used have been obtained from Messrs Ludlam, Matthews, W. B. Allen, and Dr Webster, and importations of rams have boon made from "Messrs Rigden, Powell, and Millon, of Kent. For J. Moseley and Son (Clydovale), flock 633, N.Z.R.F.8.: 10 Romney ram hoggets. This flock was founded in 1918 hy owes from Waimahaka. flock No. 1, and added to since by ewes from Messrs A. S. Holms and Murray Bios. For Adam Kin- (Balchitha), flock 697, N.Z.R.F.B. : 5 Romney ram hoggets, 9 Romnev ewe hoggefs. This Mode was founded in 1913 by ewes from Mr J. R. MaeKenzio, flock 19. Ewes have boon added from tho flocks of tho Exors. of the ’ate J. Paterson (flock 259). Messrs J K. Reid (Hock 123), J. B. Reid (flock 5), and Messrs Murray Bros, (floe'- !> 7 "». Far J. 11. Gxigg (Lougncich, Canter-

bury), flock 688, N.Z.R.F.8.: 5 Romney ram hoggets, 10 Romney ewe hoggets. This flock was founded in 1909 by the purchase of owes from Mr J, B. Reid (flock 5) and from Mr H. B. Williams. It ■ has been added to by ewes from Messrs D. G. Wright (flock 444) and W. D. Hunt (flock 331). For G. E. Allen (Tipua, Masterton), flock 142, N.Z.R.F.B. : 10 Romney ewe hoggets. This flock was founded in 1907 by owes from Mr W, B. Allen (flock 36), and added to since by ewes from Messrs Nix (flock 39), W. B. Allen (flock 36), A. Matthews (flock 21), W. Perry (flock 194), A. S. Holms (flock 1), E. Short (flock 77), L. T. M’Lean (flock 346). For R. W. Matthews (Waiorongomai, Featherston), flock 21, N.Z.R.F.B. : 5 Romney ram hoggets, 10 Romney ewe hoggets. This flock was founded in 1875 by purchase from Messrs Barber of ewes bred by Mr Ludlam. It has been added to by purchases from the same flock and from the late J. C. Boys, from E. Short (flock 109), W. Perry (flock 184), Eglinton Trust (flock 23), and by importations from Messrs T. Cobb, Rigden ; Chittenden, Giles, File, Neame, Wightwick, Godwin, Finn, and other rams used have come from the flocks of Messrs Ludlam, Pharazyn, Riddiford, Boys, Reid, Wheeler, Gray, Holms, Holmes, Mungavin, and Eglinton. CORRIEDALES. For New Zealand and Australian Laud Company (Moeraki), flock 1, N.Z.C.F.8.: 50 Corriedale ram hoggets. This flock was founded in 1874 at the Levels, South Canterbury, It has an unbroken history dating from that year, and is therefore the oldest established flock of this breed in existence. The origin was Lincoln merino, and no other blood has ever been introduced. For H. T. Little (Hui Hui), flock 5, N.Z.C.F.8.: 56 Corriedale ram hoggets. This flock was founded by Mr Little in 1878-1880, by mating merino ewes with Lincoln rams and lino bred until 1902. Rams used since 1904 from the flocks of Messrs J. Little, C. H. Ensor, W. MacKintosh, N.Z. and Australian Land Co,, and H. Ensor. In 1926 owes were added from the Moeraki flock. For H. Ensor (Rakahuri), flock 7, N.Z.C.F.B. : 10 Corriedale ram hoggets. This flock was founded in 1689 by mating fine combipg merino ewes with English Leicester rams. Ewes have been added since from the flock of C. H. Ensor. Sires used from the flocks of N.Z. and Australian Land Co., J. Stringfellow, J. Little, W, MacKintosh, F L. M'Gregor, and C. H. Ensor. For D. J. Boss (Brookdale, Hillgrove), flock 26, N.Z.C.F.8.: 8 Corriedale ram hoggets. This flock was founded in 1920 by ewes from Messrs L. White and J. Ross. Rams used were from the flocks of Messrs J. Ross, Isaac Andrews, J. A. Johnstone, and N.Z. and Australian Land Company. For 0. T. Evans (Taruna), flock 18, N.Z.C.F.8.: 10 Corriedale ram hoggets, 25 Corriedale ewe hoggets. This flock was founded in 1901 by Mr J. Haydon ; who mated merino ewes with English Leicester rams. The flock was added to by ewes from J. Stringfellow and G. E. Stead. Sires used from the flock of Messrs J. Little, J. Stringfellow, L. White, C. H. Ensor, N.Z. and Australian Land Co., and Isaac Andrews. For Haddon Rig Station (New South Wales): 5 merino rams. This flock is one of the oldest and best know in Australia, with a great renutation for size and quality. By the same ship, Mr J. A. Johnstone, of Bushey Park, is shipping, in fulfilment of orders: 1 Corriedale ram hogget, 30 Corriedale ewe hoggets. This flock, No. 21. N.Z.C.F.8., was founded in 1920 with ewes from Messrs L. White and James Ross. The sires used have, with the exception of one ram from N.Z. and Australian Land Co., been from the flock of Mr L. White, and latterly only those of the owner’s own breeding. Mr D. M. Philip, of _ Dalgety and Co., Ltd., Dunedin staff, will go over again with the sheep, in charge, and he hopes, with the excellent selections made this season, to be able to induce repeat orders from Chilian and Argentine flock masters, EFFECT OF WHEAT DUTY. POULTRY KEEPERS’ COMPLAINT. (Special to Daily Times.) AUCKLAND, December 14. At the present time the Auckland poultry keepers are paying Is 3d a bushel more for their wheat than they would have to pay were there no duty payable to the Government. '' The ostensible reason is to protect the southern grower from havinr" nis market spoilt by cheap Australian wheat (says the Auckland Star). Merchants have no wheat to sell at the present time, and will not have until the new harvest becomes available. In consequence Australian wheat must be imported. The duty becomes, therefore, a gift to the Treasury and a restriction on the local poultry industry. Meantime there is definite dissatisfaction on the part of the Auckland merchants with the method of assessing the duty. “ We don’t know where we are," expresses th-'" complaint. Commercial Continued on page 13.