COMMERCE AND FINANCE

Otago Daily Times, Issue 21578, 25 February 1932, Page 14

COMMERCE AND FINANCE

I THE SHARE MARKET DUNEDIN STOCK EXCHANGE A sale of 5J per cent. Inscribed Stock, 1937, at £99 was reported on the Stock Exchange yesterday. The market closed with buyers offering £9B 17s 6d, and sellers asking £99 2s 6d. There was a slightly easier inquiry for Goldsbrough Morts, buyers of which offered up fo 225. Sellers* required Is in excess of that figure. Buyers of paid-up New Zealand Refrigeratings were prenared to give 10s, but sellers remained firm at 10s 4d. ' \New Zealand Drugs were inquired for at 45s 6d, but sellers were not interested. Mount Lyella were on offer at 20s, but buyers would not give more than 19s 9d. Sales reported: 51 per cent. Inscribed 1937, £99. . The following are yesterday afternoons buying and selling quotations, which are subject to the usual brokerage:— BANKING. Bank of New South Wales —Buy £25 10s, sel £26. Commercial Bank —Buy 14s. E.S. and A. Bank—Sel 87s. National Bank of Australasia —Sel £lO lOs. INSURANCE. National Insurance Co. —Buy 12s Bd, tel 13s Id. • South British Insurance Co. —Buy 50s. Standard Insurance Co. —Sel. 445. SHIPPING. Pi and 0. Deferred Stock—Buy 225. U.S.S. Co. (pref.) —Buy 19s Hd. COAL. Kaitangata —Buy 3s 6d dis. Westport Coal Co. —Sel 21s 6d. , LOAN AND AGENCY. Goldsbrough, Mort.—Buy 225, sel 235. I National Mortgage—Sel 425. i National Mortgage (B issue) —Sel 255. MEAT PRESERVING. N.Z. Refrigerating (pd.)—Buy 10s, sel ' 10s 4d. South Frozen Meat (pd.)—Buy 38s. South Otago Freezing—Buy 40s. MISCELLANEOUS. ■ Australian Glass —Buy 28s. Brown, Ewing (pref.)—Sel 19s. U.l.a (ord.) —Buy 11s 9d. D.I.C. (pref.)—Buy 20s. Dominion Rubber—Sel 9s. Milburn Lime and Cement —Sel 28s 6d. Mosgiel Woollen Co—Buy £6 15s. M'Leod Bros. —Buy £22. N.Z. Drug Co.—Buy 45s 6d. N.Z. Farmers’ Fertiliser—Buy 12s. -N.Z. Paper Mills (ord.)—Sel 20s. , GAS. Christchurch —Sel 265. . BREWERIES. N.Z. Breweries, Ltd. —Buy 25s 3d. N.Z. Breweries Debent.- —Buy 21s, Dunedin Brewery—Buy 19s 6d. MINING, v Kawarau G.M. Co. —Buy 3d. Electrolytic Zinc (ord.) —Buy 13s 6d. Mount Lyell—Buy 19s 9d, sel 20s. Broken Hill South —Buy 40s. Kildare —Sel 2s. T , Okarito —Buy 9s Bd, sel 9s lOd. __ Golden Terrace —Sel 6s 6d. Paddy’s Point —Sel 3s 6d. “ Golden Point—Buy 7kl. Golden Progress—Sel 38s. King Solomon —Buy Is 9d, sel Is lid. Blackwater —Buy 6s 6d, sel 7e 6d. GOVERNMENT LOANS. 4J per cent. Inscribed, 1938—Sel £95. 4i per cent. Inscribed, 1939 —Sel £95. 5| per cent. Inscribed, 1937—8uy £94. 5 £ per cent. Bonds, 1937 —Buy £9B 15s, •el -£99 10s. , 5£ per cent. Inscribed,' 1937 —Buy £9B 17s 6d, sel £99 2s 6d. ■i i NORTHERN EXCHANGES (Peb United Press Association.) The following business was done on Changes yesterday:— Auckland.—Sales: War Bonds (1938) 4J per cent., £94; Bonds (1933) 5J per c*nt., £9B 15s; Bonds (1937) 5£ per cent., £9B 15s; Stock (1937) 5| per cent., £9B 12s 6d (two parcels); Bank of Australasia, >£9; Colonial Sugar, £37 15s; Blackwater, 6s 9d, 6s lid; Golden Dawn, 3d. Wellington.—Sales reported: New Zealand Government 51 per cent. Stock (1937), £99 (two sales late Tuesday); New Zealand Government 5\ per cent. 80nd5:(1937), £99 ss. Christchurch. —Sales: New Zealand Government 5J per cent. Inscribed (1937), £9B 15s; St. Kilda Borough 61 per cent. (1932)-, £lO4 15s; Bank of Australasia, £9 (two parcels); Commercial Bank of Aust., 14s 2d (two parcels): E.S. and A. Bank,)£4 6s (two’parcels); Bank of New South Wales, £25 15s; Bank of New Zealand, 44s 7d, 44s 6d; Goldsbrough, Mort, 22s (two parcels); New Zealand Rekfrigerating (10s paid) ; 3s 9d; British Tobacco, ,;26s 6d (four parcels); Electrolytic zinc (pref., cum div.), 21s 2d; Mount Lyell, -:l9s 9d; Golden Dawn. 6s sd, 6s 6d (two parcels), 6s 41d, 6s 4d; King Solomon, Is 9d; Okarito (cum div.), 9s 9d. Sales reported: New Zealand Government 5} per . cent. Bonds (1937), £99 ss; Auckland Gas. 22s 3d; Bank of New South Wales, 1 £25 17s 6d. LONDON STOCK EXCHANGE (United Press Association.) (By Electric Telegraph—Copyright.) \ LONDON, February 23. P. and 0., 20s 6d; Dalgety and Co. ■hares, £6 las; 4 per cent, debenture stock, £66 10s; Goldsbrough, Mort, £62 -10 s. ___ PRICE OF FINE GOLD / , i (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, February 23. Fine gold is quoted at £5 10s per oz. LONDON WOOL SALES (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, February 23. At the wool sales, which will be held •n March 1, tlier J will be available 173,300 bales, including new arrivals (Australian 36,000, and New Zealand 51.300). It is expected that about 148,600 bales will be catalogued. | Messrs Dalgety and Co., Ltd., report. The list of arrivals for the • wool sales closed on February 22. Quantity available —Australian, 36,700 bales; New Zealand, 51,300 bales; Cape, ' 4000 bales; South America. 20,100 bales; carry forward, 61,200 bales; brokers expect to otter 148.600 bales: comprising—Australian, 52,700 bales: New Zealand, 70.000 bales; Cape. 3500 bales: South America, 20,100 bales; sundries, 2300 bales. Messrs Fraser and Co., selling agents for Otago and Oamaru Egg Circles, report as under: —Eggs: Sales slow; nominally Is fid, but drop in price probable. Butter: Separator pats, 8d per lb; bulk, Sid . to 9d per lb.'" I allow, 6s M to per cwt. Pigs: Good bacon weight. 51d to 6d per lb; overweights, 3d to 4ci; porkers' 5d lo sid per lb. L 0^ 06 ?' New. £4 to £5 per ton. Chaff, £4 10a to £5 per ton, sacks extra. , Whole towl wheat. 5s 3d to 5s Gd per bushel. Rice meal, £5 10s per ton. Bulk honey, 5d to Sid per lb; 101 b tins, 5s fid.' Beeswax, Is 3d to Is 4d. Poultry: White Leghorn hens, 2s to 3s; heavy breeds, 4s 6d to as 6d; cockerels, 2s to 8s; roosters, 2a to 2s 6(1; ducks, 4s to ss; ducklings, 5s to 7s 6d, all per pair. Turkey gobblers, 8d to ‘ lOd per lb, live weight; hens, 7d to Bd. We stock Palmer’s chick food, National meat meal, leg rings. Is per dozen (special ■notes for quantities). Agents for Chamfion egg- crates, Moreg poultry spice, Isco” cod liver oil for poultry. Prices tO application. Consignors, please note that all pigs and poultry must arrive not later than Wednesday morning of each week. U c fcave a stock of poultry crates on hand lor use of our clients.

LOCAL AND OVERSEAS MARKETS.

DAIRY PRODUCE The South Island Dairy Association, Ltd., has received the following market report from the New Zealand Produce Association, Ltd., London:— Butter. —Quiet, 109 s to Ills; Danish, 150 s to 1525. Cheese. —Quiet. White, 61s to 625; coloured, 02s to 635. Messrs Dalgety and Co., Ltd., advise having received the following cablegram from their head office, Loudon, dated February 23: — Messrs Samuel Page and Son report as follows: —Butter, 2s per cwt lower. Cheese, 3s per cwt lower. WELLINGTON FRUIT MARKETS The Wellington Fruit Markets, Ltd., report the following Wellington fruit and, produce values during the past week; Business during the week has been very disappointing, with low values ruling generally. Apples and pears in full supply, with values only fair, with demand limited. Green vegetables and potatoes are again in heavy supply, with values lower. Onions have advanced. Apricots.—Otago, Dominion mark, 5s to 6s; choice, 4s to ss; others, 3s to 4s, half case. Apples.—Gravenstein, Dominion mark, 5s to 6s; others, 4s to 4s 6d; Worcester, Permain, Dominion mark, 5s to 6s; others, 4s to 4s 6d; cookers, cltoice, 4s to 4s 6d; others, 3s 6d to 3s 9d a bushel; Cox s Orange, choice, 6s 7d; others, 5s to 5s 6d; Delicious, choice, 6s to 7s; others, 5s to 5s 6d. Pears. —Moderate demand, W.8.C., only specially selected Hastings line, 5s to 5s 6d; other samples, 4s to 5s per bushel; L.E.J., choice, 5s 6d to 6s; others, 4s to' 4s 6d. Ripe almost unsaleable. Peaches. —Demand again easier and quality only fair. Best dessert offering at 4s 6d to 5s 6d; others, 2s 6d to 3s 6d, half case. Plums. —Choice Satsuma, 4s -to 4s 6d; Billington, 3s 6d to 4s; Angelina, 2s 6d to 3s; October Purple, 3s to 3s 6d; Blue Diamond, 3s to 3s 9d; Burdetts, prunes, and Damsons, according sample, 2s 6d, 3s 6d, half case; small, at comparative rates. Nectarines. —Scarcer. Dominion mark, 5s 6d to 6s; others, according to quality, 3s to 4s, half case. Greengages—Large genuine English, 4s to 4s 6d; others, 3s to 3s 6d, half case. Many samples too ripe. Tomatoes.—Moderate demand. Latest values Nelson best, 2s to 2s 6d; others, Is 7d to Is lOd, half case; Hutt best,'3s 6d to 4s 6d; others, 2s to 2s 4d, half case. Lemons. —Choice cured according counts, 16s to 18s;' others, 10s 6d to 14s bushel. Cucumbers. —Choice, Is 6d to 2s, half case. Green Peas.—Choice, 9s to ,10s, half sack.

Pumpkins.—Well packed, large sacks, 7s 6d to 8s 6d; others, 6s to 7s. Potatoes. —Prime table, £5 to £5 10s; others, £4 10s. _ f Onions. —Advancing. Prime table, £9 10s per ton; picklers, Us to 14s cwt. Walnuts.—Choice, 6d to 61d lb. Poultry.—ln moderate demand. BROKEN HILL PROPRIETARY (Peb United Press Association.) ' WELLINGTON, February 24. The Stock Exchange Association has received the following from the Broken Hill Proprietary Company, Ltd.:— “ B ” series debentures. —Counsel having advised that the company’s debentures are subject to the provisions of the Financial Emergency Act of Victoria, which came' into force on October 1, 1931, interest coupons, which are due at the Commonwealth Bank on April 1 nefct, will be payable at £2 14s 3d in lieu- of £3 10s each. Coupons for each subsequent halfyear during the duration of the Act \yill be payable at the above amended rate. FOREIGN EXCHANGES (British Official Wireless.) ' (United Press Association.) (By 'Electric Telegraph—Copyright.)

WEEKLY MARKET REPORTS Burnside, February 24. Fat Cattle. —A total of 130 was yarded, of very average quality, there being a shortage of prime quality buljocks, although there were a few very nice heifers and young cows. All prime cattle showed a marked advance in value, owing to outside competition and the shortage in supply. Prime bullocks can be quoted as appreciating in value from 30s to 40s per head, the end of the auction being firm at the latter advance. Cows and heifers also showed an advance of from 15s to 30s per head, according to quality. Extra prime quality bullocks ‘ made to £l2 17s 6d; prime, £lO 10s to £ll 10s; medium and light, £7 to £9 10s; extra prime heifers, to £8 7s 6d; prime heifers, £6 to £7; extra prime cows, to £8; prime cows, £5 to £6 10s; lighter cows, £3 10s to £4 10s. The National Mortgage and Agency Company of New Zealand, Ltd., sold: For W. Lindsay (Allanton), 1 bullock £7 2 S 6d, 1 cow £5-12s 6d; A. S. Murray (MosgielL 1 cow £6 2s 6d, 1 to 17s 6d; A. Rdbson (Middlemarch), 1 cow £3 12s 6d. The Otagi, Farmers’ Co-operative Association of New Zealand, Ltd., sold: For.- W. Kirkland (“Elm Grove,” East Taieri), 2 bullocks £lO 7s 6d) 1 heifer £5 17s 6d; J. C. Renton (Mosgiel), 3 bullocks £lO 7s 6d; Alex. Murray (“Keith Hall,” Mosgiel), 1 bullock £9, 1 heifer to 2s 6d; John M'Farlane (“Green Park”), 1 bullock £9, 1 £4 10s; S. Rawcliffe (Kokonga), 2 bullocks £8 17s 6d, 2 £8 7s id, 1 heifer £7 2 S 6d; a client, 1 heifer £5 17s 6d, 2 bullocks £6 17s 6d, 1 heifer £4 2s Cd; William Lindsav (Allanton), 1 bullock £7 2s (id, 1 £6 17s 6d, 1 heifer £5 12s 6d, 1 £5 Iss; R. Hawker (Waitahuna). 1 heifer to 7s 6d, 1 £3 17s 6d, 1 £3 7s 6cl; a Taieri client, I bullock £5 2s 6d, 1 heifer £4 7s 6d, 1 £4 2s 6d, 1 £3 7s 6d; A. Carey (Kokonga), 1 heifer £4. Donald Reid and Co. Ltd., sold; For J. S. Fleming and Co. (Titiroa), 1 bullock £l2 17s Oil, 2 £l2 12s 6d, 5 £ll 7s Gd: a client, 1 bullock £ll 7s 6d„ 1 £8 12s 6d, 1 £5 7s 6d, 1 heifer £4 12s 6d, 1 cow £4 12s 6d, 1 £4 7s Gd, 1 £3 2s 6d, 1 £2 17s 6d; Alex. Murray (Mosgiel), 1 bullock £ll 7s 6d, 1 cow £3 12s 6d; executors late W. Kirk (Mosgiel), 1 bullock £lO 17s 3d; W. Blackie (Mosgiel), 1 bullock £lO 12s 6d, 1 £lO 2s 6d; E. C. Kinsman (Matarae), 1 bullock £8 2s 6d; William Lindsay (Allanton), 1 heifer £7 17s 6d, 1 £6 2s 6d, 1 £5 10s, 1 £4 12s 6d; A, L. Reid (Macandrew’s), 1 cow £4 12s 6d; J. Wilson, 1 heifer £2 17s 6d; a client, 1 cow. £4 7s 6d.— —-New Zealand Loan and Mercantile Agency Cofnpany,* Ltd., sold: For William Kirk (Mosgiel), 1 bullock £l2 2s 6d, 1 £lO 12s 6d, 2 £8 17s 6d; W, Blackie (Mosgiel), 1 bullock £lo'7s 6d, 1 cow £5 17s 6d; W. Lindsay (Allanton), 2 bullocks*flo’2s 6d; A. S. Murray (Mosgiel), 1 oullock £9 12s 6d, 1 cow £7 2s 6d; A. J. Cameron (Outrara), 1 bullock £5 12s 6d; a client, 2 cows £4 12s 6d; George Scott (East Taieri), 2 heifers £4. Stronach. Morris, and Co., Ltd., sold: For A. S. Murray (Mosgiel), 1 bullock £ll 2s 6d. 1 heifer'£3 17s 6d; J. C. Renton (Mosgiel), 2 bullocks £9 12s 6d; W. Blackie (Mosgiel), 2 bullocks £8 7s Od; G. J. Fox (Fortrose), 1 bullock £7 17s 6d. 2 £6 10s, 2 £6 12s 6d, 1 £6 7s 6d, 1 £5 12s 6d f 1 cow £5, 1 bullock £4 2s 6d; A. Ward (Middlemarch), 2 cows £7 2s 6d, 1 £5 ,10s, 1 £4 2s 6d, 1 £2 10s; W. Lindsay (Allanton) 1 bullock £7 10s, T cow £6 7s 6d, 1 £4 ss; a client, 1 cow £5 17s 6d, 1 bullock £4 17s 6d; G. R. Farquhar (Saddle Hill), 1 cow £4 2s 6d; a client, 1 cow £4 2s 6d. Dalgety and Co., Ltd., sold:-For executors late William Kirk (Mosgiel), 2 bullocks £9 7s Od; Walter Blackie (“Loch-end, Mosgiel), 2 bullocks £8 17s 6d; Thomas Hargreaves (Beach Road), 1 bullock £7 12s 6d, 1 £6 17s 6d; A. S. Murray (“ Keith Hall,” alosgiel), 1 bullcok £7 12s 6d, 1 cow £6 12s fid; J. C. Renton (Mosgiel), 2 bullocks £8 12s 6d; William Lindsay (Allanton), 1 cow £5 12s 6d, 1 £4 12s 64, I£4 2s 6d, I£3 12s 6d. Wright, Stephenson, and Co., Ltd. sold; For W. Lindsay (Allanton) 1 bullock ;£lO 7s 6d, 2 £9 7s 6d; Mrs W. Kirk (Mosgiel), 2 -bullocks £9 17s 6d; W. Blackie (Mosgiel), 2 bullocks £8 17s Gel; J. Smith (Middlemarch), 1 cow £3 17s 6d; A. S. Murray (Mosgiel), 1 bullock £9 17s od. 1 £8 17s 6dW. R. Lawson (Waipahi), 1 bullock £9 7s 6d, 1 heifer £6 12s 6d 1 bullock £8 7s 6d, 2 £7 2s 6d, 1 £5 12s 6d, 2 £5 17s fid. Store Cattle.—The yarding numbered 140, consisting of all classes. Only one line of quotable steers was forward, this comprising a pen of forward-conditioned, well bred Shorthoni steers, which made £5 7s. Bulls sold at last week’s prices, cows and heifers made from 12s 6d to £5 os, according to breeding, age, and condition—The Otago Farmers’ Co-opera-tive Association of New Zealand, Ltd., sold: For W. Curran (West Plains), 2 cows £5 10s, 1 £5 ss, 1 £5, 3 £4 15s, 1 £4; E. Hellyer (Highcliff), 1 £5 9s; William Lindsay (Allanton), 7 £5 2s 6d, 1 £5 2s 6d, 1 £3 ss, 1 £3, 1 £2 17s Gd; F. Hutton (Edendalc), 1 £5 2s 6d, 1 £4 17s 6d, 2 £4 10s, 3 heifers £3, 2 steers £3 Ids; an Owaka client, 7 £5 7s, 1 £2 17s 6d; Robert Hawkes (Waitahuna),. 6 £4 17s 6d, 1 £3, ss; Robert Wilson (Riverside), 1 bull £4, 1 £1 12s 6d, 1 cow £2 ss, 1 vealer £1 13s, 2 £1 9s, 1 £1 7s 6d, 1 £1 7s, 1 £1 ss. 1 £1 4b, 1 19s, 1 17s, 1 15s; J. C. Renton (Mosgiel), 1 bull £4; E. Jury (Highcliff), 1 £3 2s 6d; J. R. Mathieson (Tomahawk), 1 £3 15s; M. H. Nyhon (Broad Bay), 1 £2 10s, 1 £2; A. M'Donald (“Fairview ), 1 cow £3 10s, 1 £3; Hope Bros. (Nenthorn), 4 steers £3 12s, 1 heifer £2 16s, 1 18a, 3 ISs,’ 1 vealer £1 12s, 1 11s; a client, 1 £1 15s; A. Carey (Kokonga), 1 steer £3, 1 £1 ss; J. Cross (Portobello), 1 heifer £2, 1 cow 17s 6d, 1 vealer £1; M. Geary (Portobello), 2 heifers £1 17s; 11. Thompson (Green Island), 1 fl 10s, 2 £1 ss; a client, 1 cow £1; D. M'Keuzie (Omimi), 1 11; E. J. Hardman (Mount Cargill), 1 bull £1 ss; a client, 1 cow 17s; St, (Joseph’s Orphanage (Anderson’s Bay),! 18s; IP. Clark (Portobello). 1 £2; G. Donaldson (Highcliff), 1 heifer £3 2s 6d, 1 cow £1; a client, 1 £L\l 14s; R. Allan (Omimi), 1 vealer £1 4s, 1 13s, 1 11s; O. Crawford ■ (Omimi), 1 14s, 1 12s. Messrs Donald Reid and Co., Ltd., sold: For T. Robertson (Sandymount), 1 cow £1 Bs, 1 15s, 210 s; G. Ford (Mosgiel), 1 £4 15s; a client, 3 £2 7s 6d, 3 £1 2s, 1 vealer £1 9s, I£l 7s, I£l 4s, I£l 3s. Stronach, Morris and Co., Ltd., sold: For A. E. Ward (Middlemarch), 1 bull £4 10s; D. Reid (Seacliff), 1 £2 15s, 1 cow £2.— —■ Messrs Wright, Stephenson and Co., Ltd., sold: For R Edwards (Woodside), 1 cow £3 17s 6d; J. K. M'Kenzxe (Henley), 1 vealer £3; W. Nicolson (Poolburn), 1 bull £2 ss, 1 vealer £1 „ 109 -.? heifers £2 14s, 1 £1 ISs, 1 £2 8s; E. Robertson (Highcliff), 1 bull £1 17s 6d, 1 cow 10s; D. Snell (Mosgiel), 1 bull £1 10s; A. S. Murray (Mosgiel), 2 vealers £1 6s, 1 £1 12s. 1 £1 2s, 1 £1 9s, 1 £1 8s; J. Davis (Sandymount), 1 cow £2 ss; J. Aitken (Sandymount), 1 £2 10s, 1 £1 10s, 1 fl ss, 1 18s; R. Smith (Berwick), 1 17s; A. Struthers (Mosgiel), 1 £2. Dairy Cattle,—The yarding consisted of 40 head of all descriptions, nothing outstanding being forward. Best cows and heifers close to profit made to £7. The market for anythin;; but these was dull, and sales were difficult to make. The Otago Farmers’ Co-operative Aesociation of New Zealand, Ltd., soldi I*or William Lindsay (Allanton), 1 cow £7 15s; D. Wilson (Dunedin), 1 cow £7 ss; W. Brinsdon (Halfway Bush), 1 cow £6; a client, 1 cow £5 ss; T. Kirkland (Fairfield). 1 cow £5 ss, 4 heifers £3, 1 £2 17s 6d; W. Dick (Pukelnki), 1 cow £4 7s 6d; T. Kirkland (Fairfield), 1 heifer £3 17s 6(1. 1 cow £3 12s 6d; H. B. Flett (Pine Hill), 1 cow £3 10s; A. M'Donald (“Fairview”), 1 cow £3 15s; J. R. Mathieson (Tomahawk), 1 cow £3: Robert Mathieson (Tomahawk), 1 cow £2 15s; C. S. Tyson (Leith Valley), 1 cow £3; n client, 1 cow £1 l‘ss, 1 heifer £3: M. Geary (Portobello). 1 heifer £2 10s: Robert Thompson ’ (Green Island). 2 heiters £2 10s. Donald Reid and Co., Ltd., sold: For J. Fox (Pine Hill), 1 cow £5. 1 £4 15s; Edward Edmonds (Leith Valley), 4 cows £4; W. Bennett (Green Island). 1 cow £3.— — Stronach, Morris and Co., Ltd., sold: For J. L. Clarke (Leith Valley). 1 dairy cow £7 2s 6d. 1 dairy heifer £6 10s; T. Maxwell (South Dunedin). 1 dairy cow £5 15s. Wright. Stephenson, and Co,. Ltd., sold; For J. Davis (Sandymount). 1 dairy cow, IDs; W. Nicolson (Poolbiirn). 1 dairy cow £3 15s. 1 £3. Calves. —Stronach, Morris and Co., Ltdsold: For Mrs Harris (Manngatua), 1 calf £l, 212 s, 1 10s: Mrs O. E. Shaw, 1 ISs; J. Hickey (Kind Bush). 1 15s, 1 14s; Neil O'Connor (Clarendon), 1 12s; Wallace Bruce (Motnona), 1 4s. The Otago Farmers’ Co-operative Association of New Zealand. Ltd., sold: her T. Edmonds (Otakou). 1 calf 16s. 210 s. 1 7s: W. Booth (Clarendon), 1 12s, 1 10s. 1 8s; F. Stevens (North-East Valley). 1 9s; S. W. Hall (Highcliff). 1 8s; Thomas Harwood (Portobello). 1 Bs. 1 7s, 2 3s: E. Johnston (Momona), 1 8«, 3 2s; J. L. Ford (Pine Hill). 1 7s, 1 ss, 1 4s, 1 2s: O. Crawford (Omimi), 1 4s, 1 2s; U. M'Laren (Caversliam). 1 (Is, 1 ss. 2.2.5; T. Pugh (Mosgiel). 1,2 s: T. Wheiler (Havensbournc), ] 2s;, E. 1 Hellyer (Highcliff), I 2s.— —Donald Reid

and Co., Ltd., sold: For Frank Johnson (Momona), 1 calf 19s, 1 19s, 1 17s; Janies Kenny (Otokia), 1 15s; Mrs E. Harris, 1 Lis, 1 12s; Lawrence M’Lean (Outram R.D.), 1 13s, 1 10s 6d, 1 8s; John M'Millan (Mosgiel), 1 12s; G. Westwood (Brighton), 1 11s; L. G.Paulin (Outram R.D.), 1 10s; Ben Overton (Henley), 1 7s; W. M. Marshall (Momona R.D.), 1 Cs; Mrs J. Morrison (Momona), 1 6s: George Ford (Mosgiel) 1 6s; Mrs D. Connor (Mosgiel), 1 ss; D. L. M'Coll (Brighton), 1 2s. New Zealand Loan and Mercantile Agency Co., Ltd., sold: For Mrs M. J. Harvey (Milton), 1 calf 14s, 1 13s; W. J. Marshall (Berwick). 214 s, 1 12s; a client, 1 12s, 1 10s; William Bryant (Otokia), 2 lie; A. G. Reid (Henley), 1 Bs. Wright. Stephenson, and Co., Ltd., sold: For D. Miller (Momona), 1 calf 16s, 1 13s; W. Ovens (Brockville), 1 20s; W. Wilson (Allanton), 1 11s; J. Anderson (Wylie’s Crossing), 1 ss; A. Ralston (Allanton), 210 s; F. Johnson (Momona), 2 2s, 1 3s; F. Valpy (Green Island), 1 2s, 1 3s; Mrs E. Harris (Maungatua), 1 4s, 1 3s; E. C. Raymond (Woodside), 1 2s.

Fat Sheep.—A yarding of 2500 was penned, comprised mostly of lines of all grades. Four trucks of medium and light wethers were forward, but no outstanding wethers were in evidence. The market opened firm at last week’s prices, and improved slightly for any finished sheep to the extent of Is per head, but this advance did not hold during the selling of the last races, and the auction finished with prices on a par with last sale’s quotations. Prime wethers made from 14s 6d to 10s 9d; medium and lighter, 12a to 14s; extra prime heavy young ewes made to 11s 9d; prime heavy, 8s fid to 9s 6d; medium and light, 6s to 7s; unfinished, 3s to ss. The National Mortgage and Agency Company of New Zealand, Ltd., sold: For M'Donald Bros. (Heriot), 4 wethers 16s 9d, 4 ewes 9s 3d, 13'8s 9d, 13 7s; D. B. Craighead (Middlemarch), 8 ewes 11s, 14 10s, 16 8s 9d, 9 Bs, 10 7s 9d, 7 7s 6d; W. Robson (Middlemarch), 19 ewes 9s 6d, 13 8s 6d; A. Robson (Middlemarch), 8 ewes 9s 6d, 11 8s Od, 11 7s; R. Mitchell (Outram), 10 ewes 8s 6d, 9 7s 3d New Zealand and Australian Land Company (Hampden), 17 ewes 7s 3d, 26 6s 6d, 23 6s 6d,—-—The Otago Farmers’ Co-operative Association of New Zealand, Ltd., sold: For A. G. Mathias (Waipiata), 20 wethers 16s 6d, 29 Iss 6d. 19 14s fid, 29 13s 9d, 13 13s, 13 13s. 3d, 6 13s 3d. 1 ss; James Ross (Glenview). 13 wethers 13s. 12 ewes 9s, 10 6s 9d, 26 7s 6d; J. W. Byars (Waikaka), 35 ewes lls 6d, 22 11s; Z. A. Crump (Kelso). 13 ewes 10s 9d, 4 6s 3d: J. Kirkland (Middlemarch), 15 ewes 10s 3d, 18 10s, 27 7s 9d, 6 6s 6d; a client, 4 ewes 9s 6d; T. .Lowery (Clarksville), 13 ewes 8s 3d, 7 6s Gd; M. Geary (Portobello), 4 ewes 9s 6d; R. Hamilton (Kelso), 17 ewes 8s 6d, 20 7s 3d, 15 6s fid; T. H. Russell (Milburn), 10 ewes 7s 9d, 1 7s 6d, 11 6s 3d; D. M’Gregor (Milburn), 6 ewes 7s 6d; C. Lowery (Clarksville), 12 ewes 6s 9d; Charles Findlay (Mosgiel), 18 ewes 6s 3d, 10 3s 3d; John M’Kenzie (Woodside), 7 ewes 6s 3d; Ardroy estate, 17 ewes 5s 9d. Donald Reid and Co., Ltd., sold: For E. G. and A. T. Anderton (Glenore), 5 wethers 15s, 5 13s, 1 10s; A. S. Holms (Waimahaka), 17 wethers 15s, 16 14s 3d, 16 13s 3d, 6 ewis 10s 6d; John .Young (Allanton), s’wethers 14s 9d, 19 ewes 7s 6d, 22 6s 9d; J. R. Taylor (Milburn), 9 wethers 14s 3d, 11 12s 9d; H. T. Davidson (Miller's Flat), 10 wethers 12s fid, i 5 12s 3d, 15 11s 9d, 18 ewes Bs, 8 6s 6d; F. M. Howell (Middlemarch), 2 wethers 10s, 20 ewes 7s, 32 6s 9d, 15 6s; F. Young (Milburn), 1 wether 10s, 6 ewes 9s 6d, 5 6s 6d; J. C. Leckie (Middlemarch), 19 ewes 9s, 14 7s 6d, 18 6s 9d, 12 6s 6d; R. Bruce (Milton), 9 ewes 7s 6d, 13 6s 9d; Mrs C. Wisely (Milburn), 3 ewes 7s 6d. 10 6s 6d, 19 6s 3d, 14 5s 3d; A. Tweed (Milton). 6 ewes 6s Od; Andrew Young (Outram ewes 6s Cd; F. Driver, sen. (Mihiwaka),, 10 ewes 6s 3d. ——New Zealand Loan and Mercantile Agency Company, Ltd., sold: For J. E. Cullen (Clarendon), 2 wethers 15s, 2 ewes 7s 6d; a client, 11 wethers 12s fid, 9 10s 6d, 2 ewes 8s 9d, 32 Bs, 13 7s; Mrs S. Battersby (Berwick), 10 wethers 8s 9d, 4 ewes 6s; estate late A. Moynihan (Momona), 9 ewes 8s 3d, 14 7s, 27 6s 9d, 7 6s; James Lowery (Milton), 6 ewes 6s 6d. Stronach, Morris, and Co., Ltd., sold: For J. Pottinger (Ranfurly). I wether 14s 9d, 10 ewes 8s 9d; R. M. Johnston (Sutton), 6 wethers 14s, 17 13s; A. Smith (Sawyers’ Bay), 7 sheep 12s 6d, 8 6s 9d;« V. A. Parker (Roxburgh), 13 wethers 10s, 28 ewes 6s; F. Driver (Miliiwaka), 1 ewe 10s; 6 3s; IE J. Thompson (Middlemarch), 6 ewes Bs, 20 6s 6d; Graham Bros. (Miller’s Flat), 17 ewes 9s 6d; F. R. Tucker (Middlemarch), 27 ewes 6s 9d, 18 6s 6d, 86 6s 3d; trustees, late A. Scott (Burnside), 24 ewes 6s 6d; G. R. Farquhar (Saddle Hill), 8 ewes 5s fid; a client, 14 ewes 7s 9d, 18 6s 9d, 18 6s 3d. Dalgety and Co., Ltd., sold: For John Eskdale (Tapanni), 15 wethers 16s. 12 15s, 20 14s 3d, 19 13s 6d, 4 13s fid; Murdoch M'Donnld (Roxburgh), 11 wethers 15s 3d, ! 16 13s fid, 9 ewes 7s, 25 6s 6d, 2 wethers 11s; Mrs M. Paterson (Roxburgh), 11 wethers 14s 9d, 12 ewes 9s 3d, 25 7s 3d; J. W. Fox (Te Peka), 9 wethers 13s 6d. 23 13s 3d, 28 13s; Thomas Harper (Te Puti), 9 (wethers 14s 9d, 8 ewes 6s 6d, 30 6s 6d; John Young (Allanton), 20 ewes 6s 9d; Andrew Young (Outram), 23 ewes 7s 9d, 10 7s 3d: Dougherty Bros. (Gimmerburn). 3 ewes 11s 9d, 10 7s fid; Henry Berry (Beach road), 10 ewes 9s, 6 6s 9d; James Paterson (Miller’s Flat), 5 ewes 9s; J. H. Douglas (Mosgiel), 10 ewes 6s; Thomas M’Cracken (St. Clair), pen ewes 6s; John Hargreaves (Toa), 38 ewes 6s fid. Wright. Stephenson, and Co., Ltd., sold: For G. R. Mackay (Waikoikoi), 14 wethers 13s 6d, 17 13s'3d, 10 12s 9d, 13 11s 9d; W. Ritchie (Kelso), 12 ewes 11s 3d; G. Kennedy (Gore), 22 ewes 10s, 16 Bs, 18 7s, pen ewes 10s 9d; H. N. Spence (Patearoa), 13 ewes 8s 9d, 13 8s 6d, 21 Bs, 16 6s 9(1; C. Brenssell and Sons (Outram), 14 ewes 7s, 17 6s fid, 14 6s fid; G. Crosbie, (Brydone), 20 ewes 7s, 26 6s 9d, 14 7s; K, E. James (Burnside), 15 ewes 7s 6d: F. P, Davidson (Pigeon Flat), pen ewes 11s 3d, 10 6s, pen wethers 13s 6d; J. Andrews (Kelso), pen ewes 9s, 17 8s 3d; M. Geary (Portobello), pen ewes 11s; Stringer Bros. (Kelso), 12 ewes Bs, 12 7s. • Fat Lambs. —The yarding numbered 1100, including a few consignments of nicely finished lambs. Competition was keen for all quality lambs, and prices were on a par with those of last sale and reached full schedule rates. Extra prime heavy lambs made to 20s; prime, 14s 6d to 16s 6d: medium, 12s fid to 13s 6d; ligift and unfinished, 9s to 12s. The National Mortgage and Agency Company of New Zealand, Ltd., sold: For D, B. Craighead (Middlemarch), pen lambs 17s 9d; M. J. Shea (Wedderburn), 18 17s. 43 15s 3d, 13 13s 9d; a client, pen 15s 3d, 4 9s 3d; MDonald Bros. (Heriot), 10 12e fid, 26 12s. The Otago 'Farmers’ Co-operative Association of New Zealand, Ltd., sold: For a client, 4 lambs 19s fid, 3 17s 3d; D. M’Gregor (Milburn), 6 14s 3d; Robert Bruce (Milton), 10 13s fid: Charles Findlav (Mosgiel), 10 13s; John M’Kenzie (Woodside), 7 12s 6d; Ardroy Estate. 7 12s; George Edwards (North-East Harbour), 10 11s fid; R. Mitchell (Outram), 5 11s 3d: a client. 5 9s 3d. 1 6s; P. Briscoe (Waitati), 21 8s fid, 12 9s 3d. Donald Reid and Co„ Ltd., sold; For Miss A. Costello (Otokia), 2'lambs 16s; R. Bruce (Milton), 10 14s 3d; J, L. Ford (Pine Hill), 11 13s 6d. 9 12s; F. Driver, sen. (Miliiwaka), 10 13e; Thomas Finnic (Saddle Hill), 15 11s 9d; Sam Young (Outram), 1 12s 3d; Miss Ai Driver (Mihiwaka), 5 11s Od, 1 9s 3d. New Zealand Loan and Mercantile Agency Company, Ltd., sold: For W. Haig (Lander), 11 lambs 16s, 16 15s. fid, 4 15s 3d, 12 14« 9d, 19 13s 9d, 18 12s 9d; J. E. Cullen (Clarendon), 7.14 s 9d. 11 12s 9d: Estate late A. Moynihan (Momona), 1 15s 3d, 4 14s 6d; James Lowery (Milton), 4 ]3s: E. Finnic (Saddle Hill), 3 12s 3d: Mrs S.-Battersby (Berwick), 13 12s 3d, 10 10s 9d, 11 9s 9d, 2 8s; Miss Alice Penno (Berwick), 211 s 9d; Thomas Finnic (Saddle Hill). 15 10s fid.— Stronach. Morris, and Co., Ltd., sold: For R, M. Johnstone (Sutton), 12 lambs 17s 3(1; Trustees late A. Scott (Burnside). 2 16s od, 21 12s, 22 lls fid. 16 9s Od, 40 fis 3d: Graham Bros. (Miller’s Flat), 31 15s, 19 13s 3d; R. J. Thompson (Middlemarch). 5 14s ,0d; A. Smith (Sawyers' Bay). 8 14s. 7 13s 3d: T. Driver (Mihiwaka). 12 13s 9d; F. Driver’(Mihiwaka). 3 Pis 6d: J. Pottinger (Ranfurly). 22 13a 6d, 36 11s 3d: T. Finnic (Saddle Hill), 0 12s; J. R. Wilson (Maungatua). 5 10s Od. Dalgetv and Co.. Ltd,, sold: For John Imrie (Mosgiel). pen lambs 18s 3d; Dougherty Bros. (Gimmerburn). 3 20s, 20 19s, 32 17s: J. B. Forrester (Ranfurly). 17 15s 9d, 29 14s fid, 28 14k; John | M’Arthnr (Clyde), 31 15s fid. 46 14s Od. 34 14s Od, 39 13s fid; John MTvenzie (Woodside). 8 Pis 6d, 10 13s 6d; J. H. Dougins (Mosgiel). 5 Us; lan Lindsay (Allanton), 1 13s. 4 13,s 3d; I hoinas M’Cracken (St. Clair). 1 lls: Thomas Harper (Beach road), 7 12s. 1 13s 9d; James Stevenson (Miller's Flat), 12 17s, 20 15a fid; Mrs M. Paterson (Roxburgh), 0 12,s fid. 14 lls fid. Wright, Stephenson. and Co.. Ltd., sold; For R. J. Fraser (Woodlands). 17 lambs 16s fid. 57 14s (id: C. Brenssell and Sons (Outram), 14 14s 3d; F. P. Davidson (Pigeon Flat), 5 lis 3d; George Edwards (North-East Harbour ), 1 o l Is.

Fat Pigs.—A total of 96 fats was

was penned. The range of prices was much the same as for last week’s market, but bacon pigs and porkers were firmer to the extent of 5s per head- —The Otago Farmers’ Co-operative Association of New Zealand, Ltd., sold: For J. D. Cannon (Moneymore), 1 pig £2 10s, 1 £2 9s; W. Hastie (Pine Hill), 2 pigs £2 fis, 2 £2 Bs, 2 £2 6s; D. Sinclair (Waihola)', 1 pig £2 7s; T. Pearson (Clarksville), 2 pigs £2 ss; I. Hanley (Waihola), 2 pigs £2 4s; W, Kirkland (“Elm Grove,” Mosgiel), 1 pig £2 ss, 1 £2 2s; J. S. Blair (East Taieri), 1 pig £2; A. Nelson (Mosgiel), 1 pig £1 18s. Donald Reid , and Co., Ltd., sold: For Mrs Gilman (Brockville), 1 pig £2 4s; a client, 3 pigs £2 2s Cd; John M. Millar (Mosgiel), 1 pig £2, 1 £1 /18s; a client, 1 pig £2 fis, 1 £1 17s, 2 £1 15s, 1 £1 12s; A. M. Nelson (Mosgiel), 1 pig £1 14s. New Zealand Loan and Mercantile Agency Company, Ltd., sold: For George Wray (Milton), 2 pigs £2 Gs; A. J. Cameron (Outram), 6 pigs £2 6s; a client, 1 pig £2 2s, 1 £2; Mrs H. Crawley (Kaikorai), 1 pig £1 17s, 2 £1 16s, 3 £1 15s, 2 £1 14s. Stronach, Morris, and Co.. Ltd., sold: For F. Stevens (N.E, Valiev), 2 pigs £2 10s; R. M’Gregor (Pine Hill), 2 pigs £2 fis, 1 £2 6s, 1 £2 ss, 1 £2 4s, 1 £2 3s, 2 £2 2s; P. Hall (N.E.. Valley), 1 pig £2 2s; Mrs Evans (Green Island), 1 pig £2, 1 £1 19s; clients, 16 pigs to £2 10s. Wright, Stephenson, and Co., Ltd., sold: For L. Maloney (St. Leonards), 2 pigs £2 13s; J. Calder (Outram), 3 pigs £2 Bs, 3 £2 3s; J. L. Mnthieson (Highcliff), 1 pig £2 4s, 5 £2, 1 £1 19s, 1 £1 16s; H. Harris qAllanton), 1 pig*£l 16s, 2 ;£1 15s.

Store Pigs.—Sixty-four were yarded and sold on a par with last week’s quotations.——The Otago Farmers’ Co-opera-tive Association of New Zealand, Ltd., sold; For F. Jones (Brighton), 1 pi<r 18® 6d; J. M’Ewap (N.E. Harbour), 3 pigs 10s 6d, 2 8s 6d; W. 11. Herd (Merton), 5 pies 14s, 1 12s 6d. 1 10s fid; W. Kirkland (“Elm Grove,” Mosgiel), 3 . pigs 12s, 1 10s fid, 3 9s, 1 7s; F. Thornton (Momona). 4 pigs 12s.- ——Donald Reid and Co., Ltd., sold: For J. Waugh (Momona Road), 4 pigs 14s fid; A. Ralston (Momona Road), 4 pigs 14s Gel; H. Kirkland (Green Island), 1 pig 14s 6d; J. Kenny (Otokia), 2 pigs 14s, 4 12s fid; a client, 4 pigs lls Cd. Stronach, and Co.. Ltd., sold; For T. W. Dickson (Tomahawk). ] pig 14s, 210 s Cd, 1 Bs, 1 ss; F. J. Thornton (Momona), 4 pigs 10s; Mrs Hackett (Momona), 2 pigs 19s, 214 s Gd, 1 9s 6d. Wright, Stephenson, and Co., Ltd., sold; For J. Anderson (Goodwood), 3 pigs 15,5, 214 s fid, 1 9s Od.

ADDINGTON STOCK SALE (Pick Umiiod I’kicks Assort anon ! CIIHISTaiUIU'II. February 24. The weekly market at Addington today, whirl) Was the lirst since the' recoil ibeneficial rains, was one of the most heartening for some lime. In the majority of the prineipal sections there was a healthier tone, and in some instances substantial advances were recorded. Store Lambs.—There was a short entry, and a keen sale. Prices advanced by from 2s to 6s pel' head. Values were: —(iond rape lambs, 9s (id to 10s 2d: medium rape lambs. 7s 9d to Os 3d; ordinary. Cs to 7s fld; small and backward, 4s to 5s 6d; medium halfbred wether lambs, to 7s (id; medium halfbred ewe lambs, 7s to 8s 2d: good three-qnarterbred wether lambs, Os to 9s 6d; backward wether lambs, to 4s 6d. Store Sheep.—(iood farmers’ ewes were offering in greater numbers, and they recorded a rise of Is 6d per head. Better class ewes did not show a similar advantage. Values wore;—Medium twotooth halfbred ewes, to 11s: ordinary twotooth crossbred ewes, to 9s (id; ordinary s.m. halfbred ewes. 5s (id to 7s: s. and f.m ewes, to ss; inferior ewes, Is 5d to 2s 3d; good two-tooth crossbred wethers, to 11s; ordinary four, six, and eight-

tooth halfbred wethers, 6s 4d to.) 9s fid; ordinary two-tooth wethers, 7s to 9s 6d; backward wethers, to ss.

Fat Lambs. —There was an entry of 3500, and the quality was good. There was a keen sale throughout, with butchers’ lambs recording an advance of Is per head. Export buyers operated fully up to schedule rates. Values were; —Extra prime lambs, to 21s 4d; prime, 16s 6d to 18s Gd; medium, 12s 6d to 16s; light, 8s to 12s.

Fat Sheep.—There was an entry of 4300, which met with a keen sale. Good ewes advanced by from Is to Is Gd per head. Other classes remained very firm at late rates. Values were:—Extra prime heavy wethers, to 20s 10J; prime heavy, 16s to 18s; medium-weight prime, I4s to 15s fid; ordinary, lls 6d to 13s (3d; light, 8s 6d to lls; extra prime heavy ewes, to 15s 4d; prime heavy, 13s to 14s Gd; medium-weight fjrime, 10s to’ 12s; ordinary, 7s to 0s; light, up to 6s 9d. Fat Cattle. —There was an exceptionally good quality entry, with fine representative lines from the North Island and the West Coast. Good quality sorts advanced by 10s per head. Best beef made up to 26s per 1001 b; good, 21s to 245; medium quality and heavy, 17s to 21s; and inferior, Jrom 10s to 16s, Values were: —Extra heavy prime steers, to £l2 12s 6d; prime heavy, £8 5s to £10; medium-weight prime, £6 to £8; medium quality. £4 5s to £5 15s; light, to £4; prime heifers, £5 15s to £7; niedyun, £3 15s to £5 10s; light, to £3; prinie cows, £4 15s to £6 ss; medium cows, £3 5s to £4 10s; light and aged cows, to £3, Fat Pigs.—There was a good entry of bacon pigs and a fair entry bf porkers. The market was slightly weaker. Values were:—Choppers, 30s to £4 8s fid; baconcrs, 37s 6d to 42s 6d; heavy baconers, 47s 6d to 52s 6d; extra heavy baconcrs. 53s to 59s 6d (average price per lb, 31d to 4N1); porkers, 27s 6d to 31s 6d; heavy porkers, 32s 6d to 34s Gd .(average price per lb, 51d to 6)d). AUSTRALIAN STOCK EXCHANGES \ UNFAVOURABLE REACTION. (United Press Association.) (By Electric Telegraph—Copyright.) SYDNEY, February 24. (Received Feb. 24, at 11.15 p.m.) On the investment market to-day there was a distinctly unfavourable reaction as a result of the Premier’s attitude regarding the Commonwealth proceedings against Now South Wales, and there was a further general marking down of values, (ias and electricity scrip also suffered a setback in consequence of threatened legislation to restrict dividends and the fixing of the prices of gas and electricity. Most issues of Commonwealth bonds were lower, but banks were practically unchanged.

Closing sales were:—Bonds, 4 per cent., 1938, £94 12s Cd; 4 per efcnt., 1941, £92 17s fid: 4 per cent,, 1947, £9l 17s fid: 4 per cent. 1950, £9l ss; 4 per cent.,* 1959, 191 Is 3d; 4 per cent.. 1961, £9O 17s fid; Bank of New South Wales, £3O: National Bank (£lO paid). £l2; National Bank (£5 paid), 109 s 6d; Australian Gas A, 100 s; Australian Glass, 33s 9d: Burns, Pliilp. 40s; Henry Jones, 28s 6d; Tooheye, 17s lid: ’Tooths, 255; Winchcombe, Carson, 18s 9d; Nestles (pref.), 275; Robert Reid (first pref.), 17s; Robert Reid (second pref.), 14s 6d: Dunlop Perdriau, 12s 2d; Sulphide Corporation, 10s 9d; Zinc Corporation, 30s 6d; Goldsbrough, Mort., 255; British Tobacco. 295.

■'Melbourne sales were;—Dunlop Perdriau, 12s Id; Herald Weekly Times, 42s lid; North Broken Hill, 70s; Broken Hill Proprietary, 15s lid; Mount Lyeli, 22s 43d; Zinc Corporation, 30s 6d.

MINING PADDY’S POINT COMPANY, Messrs W. A. Mitson and Co., secretaries of the Paddy’s Point Gold Mining Company, Ltd., report that a paddock was finally completed yesterday and yielded 71oz. The time taken has been, approximately, six weeks, and the area of the paddock is one acre and a-half. GOLDEN DAWN RETURN. The return from the Golden Dawn Gold Mines, Ltd., for the fortnightly period ended February 13 is as follows: Tons treated, 307; return valued at £1339. Of this amount the actual bullion recovered is £576. The balance of the return remains in the mill and will bo recovered later. Values are based on £4 per gold ounce. LONDON WHEAT MARKET (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, February 23. Cargoes are firm, with good demand. Sellers are 3d higher. There are prospects of further large business from Russia and Greece via the United "Kingdom. Benarty, 28s fid (net); Cumßerhall and Holland Mam, 28s fid; parts of Clan Stuart, 28s lOJd; Ban-grove, 28s 6d (net); Victorian steamer in March or April, 29s lsd. Parcels are active. Manitobaa are 6d up, Tancred, 28s 7|d; Annam, 28s 6d; Templar, Banffshire, City of Dunkerque, City of Lincoln, and Port Hardy, 295; Ashburton and King Bleddyn, 28s Cd (net); City of Dieppe, 29s (net); Liverpool, Jedmoqr, 28s 6cl; Dalhngton Court and Great City, 28s fid; sold to Antwerp, City of Dieppe, 29s (net). London futures: February, 275; June, ■ 27s 6d. Liverpool: March, 5s 7=ld: May, 5s 10|d; July, 6s IJd; October, 6s 3Jd.

Paris, fr to £1 .. IUJGBT. February 23. Par. Feb. 20. Peb. 23. 124.21 87% 88% Brussels, belgai to £1 .. 35 24 25-32 24 15-16 Oslo, kr to £1 .. 18.150 18% 1 18% Stockholm, Kr to £1 .. .. 18.150 17 15-10 18 1-16 Copenhagen. Kr to £1 18.150 18% 18% Berlin, marks to £1 24.43 14.55 14 19-32 Montreal, dol to £1 .. ,, 4.80 2-3 3.54 3.83 New York, dol to £1 4.80 2-3 3.45% 3.47% . Yokohama, pence to ren 34,58 23% 23 3-10 Hongkong, pence to dol 25.15 17 11-10 17 13-18 Bombay, pence to rupee 18 18 5-32 18 9-04 Batavia, florins to £1 12.107 — — Milan lire to £1 .. 02.45 00% 00% Amsterdam, guild to £1 12.107 8.51 8.00 Prague, kr, to £1 .. 24.02 110% 117% Geneva, kr* to £1 .. 25.22% 17 11-10 17 13-10 Vienna, schillings to £1 24.55% 32 ; 220 / 32 HeUmgtois. marks to £1193.384 220 Madrid, pesetas to £1 25.22% 44% 45’ Athens, drachma .to £1 25.22% 270 270 Lisbon escudos to £1 5.50% 100% 109% Bucharest, tel to £1 937 577% 680 Rio de Janeiro, pence mltrets to 18 4 3-10 4 3-16 . Buenos Aires, pence pesos Co 47.32 39 11-10 39 11-10 Shanghai, pence to tael 23% 22 15-10 23 13-10 Montevideo, pence to peso 51 31% 30%