COMMERCE AND FINANCE

Otago Daily Times, Issue 20709, 6 May 1929, Page 11

COMMERCE AND FINANCE

LOCAL AND OVERSEAS MARKETS.

THE SHARE MARKET. DUNEDIN . STOCK EXCHANGE. ■A transaction in Bank of New, South Wales shares at £sl 15s, cum dividend, was reported on the Stock Exchange on Saturday morning, buyers closing with an ■offer,of £sl 10s. New Zealand Breweries shares were also reported to have been dealt in at • 63s 3d, the market closing with a buyer at 63s and a seller at 645. Preferred Electrolytic Zincs changed hands at ,36s lid, buyers' best quotation on, 'Change being 36s' 9d, while sellers required 37s 3d. Dalgety and Company ■ shares were in demand at £ls 13s, but sellers were reticent. • Ordinary Wright, Stophenson "'shares were' inquired for at S6s 9d,.;but-without response .by sellers. Sales Reported.—Bank of New South Wales, £sl 15s; New Zealand Breweries shares, 63s 3d;. Electrolytic Zinc (pref.) S6s lid. The > following ‘ are Saturday morning’s buying.and selling.quotations, which ore lubjeet. to 1 the usual brokerage:— BANKING. Bank of Australasia—Sel £l4 17s 6d. Bank of New South Wales—Buy £sl 10a. Bank of New Zealand—Sel 625, Commercial Bank—Buy 80s Id, sel 30s 8d; E. S,. and A. Bank—Sel £8 15s. National, Bank of New Zealand—Buy £7 2s, sel £7 4s. Union Bank—Sel £ls 12s 6d. BREWERIES; New Zealand Breweries, Ltd. —Buy 635, Bel 645, ■ • INSURANCE. National Insurance Co.—Buy 16s 6d, eel■ 16s lOd. : ■ New Zealand Insurance Co.—Sel 475. A.P.A. Insurance Co. —Buy 9s 6d. SHIPPING. Huddart, Parker (ord.) —Buy 455, sel 45s 9d. Huddart,;Parker (pref.)—Buys 21s. P. and O. Deferred Stock—Buy 58s, sel 61s 6d. - Union Steam : Ship Co. —Buy 20a 10d. COAL. Taupiri Coal (ord;)—Buy 265. Westport Coal Co.—Buy 32s Bd. Westport-Stockton (ord.) —Buy 3s. - Westport-Stockton (pref.)—Buy 4s. Grey Valley Collieries—Buy 22s 6d. LOAN AND AGENCY. Dalgety and Co. —Buy £ls 13s. National Mortgage—Buy 85s, sel 86s. - New ’ Zealand Loan and - Mercantile f(ord.)—Buy £125. Perpetual Trustees—Buy 64s 6d. Trustees, Ex. and Agency—Buy 59s fid. Wright, Stephenson (ofd.)—Buy 26s Bd. ‘ Wright, Stephenson (pref.)—Buy 18s. MEAT PRESERVING. Canterbury Meat—Sel £0 15s. Gear. Meat ■ Co.—Buy 425, sel 435. . New Zealand Refrigerating (paid) Buy 15s 9d. - . New Zealand • Refrigerating (cont.) Buy 7s 7d. ■ ; . . South Frozen Meat ford.)— Sel 425. South Frozen Meat (pref)—Sei 425. • MISCELLANEOUS. ■ ' Australian Iron and Steel (pref.)—Buy 20s : 9d., ■ ... Auckland . Amusement Park (pref,) Bel 14s; ■ Brown, Ewing (pref.)—Buy 20s 6d, Bruce Woollen Co.—Sel 11s 6d. D.I.C. (ord.) —-Buy 10a.6d prem. D.I.C. (pref.)—Buy 20s Od. Dominion Investments—Buy 23s 9d. . Dominion Rubber—Buy 29s 6d, sel 31s. : Donaghy’s Rope and Twine—Buy 345. Dnnedin-Kaikorai Trams—Buy 345. Eclipse Petrol—Buy,.l6s 6d, sel 18s 9d. Kaiapoi Woollen (ord;) —Sel 14s 6d. . Kaiapoi'Woollen (cont.)—Buy 4s Bd, tel'Ss. \ Kaiapoi Woollen (pref.)—Buy 1,5 s 3d. », Milbum- Lime and ■ Cement—Buy 395,' Cel'4os 6d, National -Electric—Buy 8s 2d. New Zealand Drug Co. f£2 paid)—Buy 745.' ■■ 1 New, Zealand Express (ord.)—Buy 16s, celT7s 9d. , New Zealand Guarantee Corp.—Buy 8s 7d, sel 95., . - New Zealand Paper Mills (ord.)—Buy 18s fid. New Zealand Sugar of Milk—Buy 20s, ■el 245. Otago Da!ily. Times—Sel 75s od.' Smith and Smith’ (pref.)—Buy 18s 6d. •Wilsons 1 (N.Z.) Cement —Buy 41s 3d. ‘’ ’ ' MINING. - ■ . Kawarau.-G! M..‘Co.—Buy.'sd.' ’ Nokomaiv Sluicing—Sel 21s.’, ■ Waihi—Buy 13s Bd.' . .Waihi .Grand; Junction—Buy . Bd. Electrolytic Zinc (pref.)— Buy. 36s 9d, Cel.37s 3d. , Mount Lyell—Buy 44s 3d. Mount Ist—Buy’4ss. ■ North Broken HilJ —Buy £5 145.; - Broken Hill South—Buy 69s fid, sel 71s 6d. r ■ i ■■■- , : Upper-Nevis , (pref.)—Sel Is dis. Big Beach—Buy 6 S fid.'sel Bs. Kildare—Buy • 3s- Id. < ■ Okarito—Buy 10d prem, , seT is "3d premL : : 1 • ■ Mahakipawa—Buy Is. WAR BONDS. 4J per cent. Bonds, 1938—Buy £99 15s. 4} per cent. Bonds, 1939—8uy £99 15s. 4J per cent. Inscribed, 1938—Buy £99 15s’, - 4J per cent, -Inscribed, 1939—8uy £99 155. ; •• , 5i Inscribed Bonds, 1941—Buy £99 2s fid. • ■ . . . , r 5J per cent. Bonds, 1936—8uy £lOl 2s 6d. ■ 54 per cent. Inscribed, 1936—8uy £lOl Ss 6d. 5| per cent. Bonds, 1933—8uy £99. 5$ per cent. Inscribed, 1933 —Buy £99. ■;i RIVERSDALE SALE. (From Our Own Correspondent.) . GORE, May 4. ■ A' large number of district farmers attended the fortnightly stock sale held at Riversdale yesterday. Close on ;4000 sheep were penned. The ■market opened quietly, and prices for lUost classes showed an, easier tendency, and a number of . lines were' passed in. This waa particularly the case with store lambs,- as •at present farmers are only operating for well forward sorts. The market for old ewes was also duller than at. recent-sales, and most of the farmers have evidently fulfilled their requirements and have ,■ sufficient to carry over the winter period. The inquiry for good ewe lambs ig still satisfactory,- and good sorts realised from 26s 2d to- 27a Bd, and mediums ; 23s to 25s 2d. Good forward wether lambs brought from 23s to 245, with not so forward sorts 21s to 22a 6d. There is also a'good inquiry for well-bred and * well-grown two-tooth ewes, and an exceptionally good line sold by the New Zealand , Loan and Mercantile Agency Company, Ltd., on account of Mr A. MKay (Otama) made 40s Id. and were purchased by Mr E. M'Aliister, Pyramid, Smaller sorts did not meet with much demand. Store wethers were also hard to quit, but a line of well. forward sorts cold on behalf of Mr E. Whyte (Otama) realised 34s fid. LONDON WOOL SALES. ■ * ■ Messrs Murray, Roberts, and Co., Ltd., have received the following cable from their London Agents, dated May 3:— Wool sales, continue, competition fair; compared with closing rates of last-Lon-don sales, greasy merino.' except the best descriptions, declined 5 per cent.; crossbred greasy comeback declined 5 per cent,; crossbred; greasy fine declined 5 per cent.; crossbred scoured,.market firm; all other descriptions of wool opening rates are barely maintained. CHICAGO WHEAT MARKET. (United Press' Association.) (By Electric Telegraph fonyrlglii.) _ ' NEW YORK, May 3.' (Received May 5,-at 5.5 p.m.) Chicago wheat; May, 110 S cents per bjftahel;. July, 115 J; September, 119 J Australian Press Association.

TAIERI HORSE FAIR, Messrs Donald Reid and Co., Ltd! report haying held their thirty-second Taien annual horse fair at Allanton on .Friday, when they offered an entry of 101 draught colts and 65 draught mares and geldines, of which they sold 131 horses at auction. This annual sale comI mantis a great deal of attention, and : buyers were present l from North Canter- : bury, Christchurch districts, Ashburton, : j-imaru, Oamaru, Central Otago, and as , far south at Mataura. Competition for, all young animals was exceptionally keen, and a sale like yesterday a shows that good horses are yet required in the country. In the unbroken section £SB 10a was the top price. This was secured for a very well-bred colt belonging to Messrs S. and A. Young, two and a-half years old, sired by Scotland's Dignity, and bought by Mr Andrew Grant, of Fairhe. i Other high prices were obtained by Mr A. Bathgate (.Outram) for a three-year-old filly ny Scotland’s Douglas, which realised £55; a four-year-old colt bred by Mr William Harvey, of Moagiel, brought |so. Another colt vended by Mr William Lindsay, four years old, was sold at £SO; a three-year-old filly, on account of Mr T. J. Gawn, sired by Morocco, brought £46; Mr Alexander Moynihan (Momona) 60 j f} 7o fillies—one by Scotland’s Victor and the other by Baron Bold—at £SO; while Messrs S. and A. Young sold a two and a-half year old filly by Scotland’s Douglas at £45; Mr Peter Bathgate, a colt three years old. by. Scotland’s Douglas, £4O; Mr J. G. Wylie, of Outram, ?■ t T;° a-half year old filly by Scotlands Victor, £4l; M r William Harvey, a nlly Two and a-half year old, by Scotlands Victor. £4O; while a large number Son x* colts atrffilles was sold at from ™ £39; inferior sorts realising from £ls 10s to £25. In the broken-in section, there were very few horses-of merit, the great bulk °f the yarding being made up of aged and. inferior sorts. The top price bid for a four-year-old gelding was £4B, beto Mr R. Ruthven, while Mr fie ~ w^? r a mare six-year-old at £45; Mr James Gow a seven-year-old mare, £4O; Mr T. J. Gawn, a bay mare, five-year-old, £36; Messrs Grant Bros. (Outram), five-year-old mare, £39 10s; Mrs Ruthven (Mosgiel), six-year-old mare, £42, and another the same age £37 10s; Mr J, R. Taylor, a seven-year-old mare, £35; good useful mares and geldwere realising anything from £25 to £35; aged and inferior sorts were'dull of sale, hut nevertheless brought anything from £lO to £22. 6 SOUTHLAND MARKET REPORT' (From Our Own Correspondent.) . INVERCARGILL, May'4. ‘ bmce last report there has been little activity in the oats market, so far as business between merchants is' concerned as northern ideas are - so much below those of southern- growers,. Added to this is the,.attitude taken .up;-by the millers who, knowing The scarcity of oats fit for. gristing, are paying much in excess of northern f.o.b. values. Farmers, too, are quite disinclined to Bell B grade oats or anything in that neighbourhood at. the equivalent .of northern f.o.b. prices which are in th* neighbourhood of 2s 6d per bushel on; trucks,,country sidings, sacks extra, ouch ; a price .can hardly be renumeratiye to growers, save only where theyHave been fortunate enough to have had nominal yields per acre. Our . farmers being, generally speaking, in a sound positton, are more inclinded to feed oats to stock than sell at such a price. In the meantime prices to growers, depending to some extent on the distance from the port, are 3s per bushel, sacks extra, on trucks, tor A grade-Gartons. Sparrowbilla and JJuns extra prime oats weighing 44Ibper 1 bushel and over securing an extra 2d, 9= and B K rade at roughly 2s 4d to 2s 6d, respectively, the disparity m the price between these and A’s being accounted for by the fact that they are unsuitable for ■ grinding. As usual in Southland, chaff is in excess Bel™ SST valu ® B » the price to growers being.£4 Ss per ton, on trucks, for prime quality and -as .the quantity of this ■ is ; small, probability this figure.will be paid-for. chaff of any really sound quality. , . y possibilities ‘ of shipping to the North Island and Victoria-for autumn sowing haying now ceased, the.demand tor Ryegrass is distinctly easier, and prices ■^ a S n C - ' Bllght d ? dlne ' - th « : of ir T between being from 5s 6d, per bushel for 261 b to 271 b machinedressed ■ seed,;np to: 3s for extra heavyweight seed, such -as 321 b machine-dressed g . ood for - all classes. h the , re are large yardinga and otterings- throughout the 1 district, values continue -firm. - Fat cattle, have hardly, been coming forward so freely during the past few weeks, and consequently prices W shown. a'sMght rise. ‘ The ? of fat sheep have been fairly big at recent sales, the bulk of the«offering! in nost cases beipg ewes, which are meeting with fave f f* .The' offerings ofK v , f f l en T, dur ? g the P ast few .weeks a ? d i es have .firmed considerably. The Iwel tTl^£ et is buoyant,, both ewes and lambs are still inquired tor "bile store wethers are more, keenly comr,bban a few weeks back. - rlme heavy bullocks. £l4 lug to £l7;- prime medium, £l2 to £l3 los; prime heavy heifers, £lO 10s to £l2 10s;. medium, £8 10s to £9 15 S ; prime heavy cows. £ll-to £l2 10s; medium, P £™o £lO, vealere to £2 10s; runners to £4 10sprime ox beef to 42s per 1001 b; prime , 4 ° s 425-6 d per lOOlbfcow beef, 30s to 35s per 1001 b. to ®b e ?P-—Extra prime heavy, wethers 6d 36s; medium! f ls 6d to 335; lighter, 28s to 30s: prime to a 2L-T S^ 2Bs A° 30a: mediu m, 22s 6cl lfmto ’in gh . ter oV 18a t 0 20s : Prime heavy to^iß- 3 r At 0 325: ■ prime medium, 27s 6d 295, lighter, 25a to 26a 6d, to Sheep.—-Wether. lambs, 18s 6d 2 s l8 L e y. e ] ambs, 27s to 30s, two-tooth to^Rfis 3 f S t 0 S; t 7°- toot h wethers, 28s to !!!’. ’ j 12 ’ a ?, d Gl e ht - t b°th ewes, 30a to 335, sound-mouthed ewes. 28s to 30s-failing-mouthed ewes, 23s 6d to 265 : brpken-mouthe d ewes, 18s to 20s; old e.wes, 12s to los. Store Cattle.——Three and four-vear hnU ° ck . 3 ’ £l ° 108 to £l2i 10s; two-year, £7 to 10s 10S ’ yearhng and 18 -montb, £4 to £5 COMPANIES REGISTERED. The registration. of the following companies is. reported in the New Zealand Mercantile Gazette;— Fleming W. F.. Ltd. Registered as a prjwito company, April ■ 4, 1929. Capital £IOOO, into 1000 shares of £1 each. Subaenbers: Dunedin— W. F. Fleming 999, it. C. Fleming 1. Objects: To carry on all. or any of the business of builders, building contractors, joiners, sawmillers. plumbers, d -orators, general merchants, etc. Flax Products, Ltd. ' Registered ' as a P r ;y, ate . c ® m Pauy. April 5, 1929. Capital, £llOO, into 1100 shares of £1 each. Subscribers; Dunedin—M J. Tyree 250, G. PjDy® l- l? 0: Ba ?/ url y— R - G. Champan Wfl-H. Whittet 250; Gimmerburn. John Milne 250. Objects: To establish a company or companies for the purpose of acquiring and working certain patents registered in New Zealand for inventions °y, R - G. Coghill. m relation to fibrous substances and materials. Otago Motors. Ltd. Registered as a ?9n V Aoo c 9“P al jy. April 8, 1929. Capital. £20,000 in o 20,000 shares of £1 each. Subscribers: Wellington: Wright Stephenson, and Co., Ltd.. 19,999. Dunedin—S. C. Sutherland T. Objects to carry on 1 the businesses of importers or dealers or. agents for hirers, manufacturers, .repairers. cleaners, storers. and warehouses of motor cars, cycles, etc. Glenpark Flour Milling Company, Ltd. Registered- April 9, 1929. • Canitol £IB.OOO into 16.000 shares of M each. Subscribers: Dunedin—R. Jamieson, L. Jamieson, M. S. M'Caig, R. A. Hay W.‘ M Caig, Glenpark—R. Jamieson, jun., W, Johnston. 1 share each. Objects: J.O manufacture, buy, and import, and to sell and export flour and any other

articles in the production of which grain is ■ used, and ■ to carry on the business generally of flourmillers. . Eastern Tin Investments, Ltd. Registered April 9. 1929. Capital, £14,000, into 109,000 ordinary shares of, 2s each, -and 40,000 deferred shares of 2s each. Subscribers: Dunedin:-“Henry Ealliday 1000, Vernon Smith 1000, John Brook 1000, M... W. Marriage 1000, W. A. Mitson 1000. J. T. Cooper 1000; Clyde—William Annan 1000. Objects: ’To mine for gold, tin, or any metal, mineral, or ore of any kind by. dredging, sluicing, or any means of mining whatsoever.. . North Electric Company, Ltd. Rc<ds- “ a company, April T 3, I®Capital, £750, into 750 shares of £1 each. Subscribers': Dunedin—-P, S. North 700, G. W, Ferens ,50. Objects: To carry on the . business of radio engineers, . mechanics, and contractors, indentors. importers, manufacturers, and . repairers, and wholesale and retail dealers ' a _f adj o television and wireless plants. Iriplenay Extractors, Ltd* Registered f-f a P rl Y a i® company. April 19, 1929. Capital, £8333, into 33.332 shares of ,5s nr- u^? nb T ers: Dunedin—J. J]. Vtnisloe 12,934, J. A. Thomson 5238, S, A. LyWe .3032 A. T. -W. Watson 3032, H. J. Raines 3032, A. C. Hanlon 3032; Glenorchy—Charles Sloper 3032. Objects: lo carry on business as manufacturers of separatora and extractors, and to sell hire, or in any way dispose of extractors, separators, and the like machines. LONDON WOOL SALES. • (United Press Association.) (By Electric Telegraph Gopypigiir ) a . . ha , . LONDON, May 3., ff j. l e c sales, 10,083 bales were Theto d w° f W r Cil - t 5 ?, 89 , WGre N ew Zealand. n a l i auted , “lection of merinoes, 1I > r style wools, and a Wlf n oaring of greasy crossBltoflo' TH 6re + Was - c § ood catalogue of tone Sa^e continues keen, despite some withdrawals. Prices 7ni e 1 U 7J Chai3 | e i d c J New Zealand sales; 7171 17d and 16d; made 18Jd to ICd.— Australian Press Association. MERCHANDISE MARKET. A parcel of Bush’s cream of; tartar came to hand by the Cambridge. The same vessel also brought C. and B. kippered herrings fresh herrings, herrings m sauce. Black Horse coarse salt. 71b bags of dairy salt, etc. ’ The news regarding the damage by fire to the Sussex, which had sailed from the Last with cargo for New Zealand, is rather conflicting. Some reports say that the damage is extensive, and others that the vessel wiH soon be on her way here again. Ine hold containing Burmah rice was flooded, and it seems fairly evident that soma weeks will elapse before the Sussex reaches New Zealand. American canned‘ fruits show a sharp advance in-price, and, as already reported an advance has taken place in Californian raisins amd prunes; •••■'■ Some merchants-report a shortage of trench drained cherries. Full supplies of crystallised are available. Small lines of " Skipper ” brisling, in quarters, have reached the’market. . The next sugar boat is the Waipiata, due, here on May 10. The prices of Sicily almonds to arrive show a. sharp advance. : Craven A cigarettes, all packings, are very short in wholesale hands. Merchants’_ stocks of sago and tapioca are_ getting into short compass. If the arrival of the ■ Sussex is much : delayed supplies will have to be obtained via Australia. ' • • •. ' Honey in 41b pats is quoted at 4s 3d per dozen. ■ Bacon has been increased in price during the week, and ig now quoted at Is lid per lb. Further ■ supplies of Australian dried sultanas and currants arrived ex the Manuka. ■ - Business conditions are generally quiet, but now that the Commonwealth loan has been closed it is expected that there will be-more money available for general investments, and the prospect of a good season may induce an easier tone in the money market (says the Australasian). Large sums are held on deposit by the banks, and; these will be reduced as confidence revives, making possible an expansion of trade. Country orders in most classes, of business. have been well maintained, but city, tradespeople are still buying, on a hand-to-mouth scale. The steady collapse of the timber workers’-strike is hailed as a hopeful sign by the business ■ community.’as in many cases a good trading, period was developing before the strike occurred.. Returns from primary produce have declined with the advance of the year. Wool prices are lower than at the corresponding period last year, while the, market for wheat has been passing through an exceptionally dull period, the end of which is not yet in sight. Butter production has been held at, a high level, and the excellent autumn rains have made possible an almost-record yield of butter for the. season. DONAGHY’S ROPE AND TWINE COMPANY. The annual report of the, directors of Donaghy’s Rope and Twine Company shows that the- net ■ profit for the past year was £9019 ■ 10s 3d,‘-to ' which has to be .added £ll3l 12s Bd, representing the balance of t*he‘ amount carried ' forward Aft. cr the-payment of an interim dividend. This- leaves available for, distribution £10,151 2s Hd., ■ The directors recommendthe following appropriations: Final dividend of Is 3d per share, making with the interim dividend of 9d per share previously declared and paid. 10 per cent, for the year, £2937 10s; place to dividend equalisation reserve account ,£2500 (making it £5000); place .to Auckland rebuilding account, ‘£2000; carry forward £2713 12s lid. .The sum .of £lßl3 l s 2d has been written off land, buildings, and plant. PRICE OF FINE GOLD. (United Press Association.) (By Electric Telegraph— Copyrlgbt.) ■r,. ~ . LONDON, May 3, Fine gold is quoted at £4 4s 114 d per ounce.—Australian Dress Association. FRUIT AND PRODUCE WORLD. Reilly a report. The market is still oversupplied with pears. Quinces are slow of sale. Honey and eggs urgently wanted. Bacon pigs command keen inquiry. Stud poultry breeding pens, good pullets, cockerels, and prime turkeys are realising fair values. We sold:— Section honey: Choice, Us, medium, 9s; broken, 4s fid. Cabbage: Is fid, 2s 6d. Cauliflower: 2s fid, ss. Cucumbers: Hothouse, 4s fid, 6s fidoutside, 2s, 3s Eggs; 2s 9d, 2s lOd; preserved. Is 9d, 2s per dozen. Peaches; 6s fid. Plums: Late red, lid. Sid. Blackberries: 9d Quinces: IJd, 2id. Christchurch tomatoes; Choice outside, 4d 7d* seconds 24d, 4d; local hothouse. 10d, . Is Id; X)tago Centrals—choice, 6d, 7d; seconds, 3d, 4d; tree tomatoes. sid, 7d Green P^s:JJd, «d. French beans: sdi Garlic: 6d. Bd. Mushrooms; Is. Grapes: Is 3d, Is lOd; Gros Colmars, 2s 4d. 2s 6d: Australian. 255. 27e. Butter; Pats, bulk, la 3d; separator. Is sd. Bacon: Choice, Is 2d. Peanuts: sd. Brazils: i, 10d - Cheese: Medium, fid, lOd. Tear Orange Pekoe. 2s 6d, Beeswax: Is Bd. Horsehair: To Is fid. Bacon pigs: Prime, 74d; porkers, 74d; heavyweights. 4d; choppers, 3d. Honey: Bulk, 4Jd, sd; 101 b tins, 5s 6d; 41b pats. 3s 6d; pottles—llb. 6a 6d; 21b, 12s. Apples: Choice Cox’s. 14s, 15s; Delicious, 7s 6d, 10s 6d; Jonathans. 7s, 8s; Stumers. Ba, 9s; others, 4 S 8s; cooking 45,, 7s. Dessert Pears: Capiaumonts Dumps, choice 4s; Buerre Bose, 6a; Conference, choice 8s; Winter Coles, 6s; inferior, 2s, 4sWinter Nelis, Bs. Cape Gooseberries: Choice, 9s. Passions, 9s 6d. Navel oranges; 37s 6d; Valencias, 365. Lemons; Missions. 40s. Grapefruit: 375. Bananas: Samoan. 21s to 255. Cocoanuts; 18s per sack. Potatoes: Canterburys, Oamarus, Outrams, 6s, 7s. Onions: Canterburys,.9s, 10s; pickling, 10s. Oyster grit: 8s 6d. Fat: 18s. 27s 6d cwt. Black Leaf "40”: 101 b tins. 545; 21b tins, 15s 6d; 41b, 5s 3d. Wheat: Fowl, 7s. Bran: £7 10s. Pollard: £9 Oateheaf chaff: £5 10s per ton. Poultry: 347 hens, at 3s to 11s 6d; 217 cockerels, 4s, 11s 2d; 24 small cockerels Is 4d, 3s 2d; 132 pullete, 9s, 21s; 42 small pullets, 2s 6d, 8s 6d; 12 ducks, 6s, lls 6d; 4 pigeons, Is 6d (all at per pair). REILLY’S CENTRAL PRODUCE MART, Dunedin.

LONDON MARKETS. (United Pres* Association.) . (By Electric Telegraph—Copyright.) LONDON, May 4. ’(Received May 5, at 7 p.m.) Cotton: June, o.B2d,per lb. Rubber; Para, lid: plantation smoked, 9 5-16 d. Jute: May-June, £3O 17s 6d. Hemp: None offering. Copra: May-June, £2l 12s 6d. Linseed oil, £2B 17s 6d.. Turpentine, 45s 3d. Lambs: Canterbury, .’ heavy, Bid; seconds, 9d; North Island seconds, Od; Argentine firsts, medium, 74d. Beef; Chilled Argentine, fores, 5Jd: hinds,; 7Jd; others unchanged.—Australian Press Association.