COMMERCE. AND FINANCE

Otago Daily Times, Issue 21734, 27 August 1932, Page 8

COMMERCE. AND FINANCE

THE SHARE MARKET DUNEDIN STOCK EXCHANGE The following is the list of business transacted on the Dunedin Stock Exchange during the past week: — £ s. d. Bank of New Zealand ... 2 7 8 2 7 10 2 7 0 Dalgety and Co. 7 13 6 New Zealand Breweries (3) 17 0 Electrolytic Zinc (pref.) .. J J 0 Waihi 0 15 11 Kawarau .. .. .. .. •• •• 0 0 6 okanto •;*. 2 8 6 Paddy’s Point (2) .... 04 10 Gillespie’s Beach JO 0 0J 4J p.c. Stock (1938) .. .. 05 10 . 0 Bi p.c. Bonds (Sept., 1937) 101 5 0 The Dunedin Stock Exchange during the past week has exhibited no notable changes in the market; Bank of New Zealanda commenced the week with a buyer at £2 6s lOd and a ' seller at £2 7s 6d. Business was subsequently reported at £2 7s 8d and £2 7s lOd, and the market then showed some easing, a sale taking place at £27s. ine shares were being offered at the last figure at the close of the market, with no buyer forward. The market for National Insurances has remained steady, and there is now an unsupplied buyer forward at 13s od. There has been a firming market tor South Britishes, which have improved m demand from £2 13s at the commencement of the period to £2 17s, sellers then asking £2 18s 6d. , . An improving demand for Dalgetys has, on the whole, found sellers reticent. There was a sale at £7 13* 6d, further offers of £7 lls 6d failing to attract a feller. There has been a firm market throughout the week for Loan and Agency shares. British Tobaccos have continued firmly in demand at £1 9s 6d, sellers demanding 16 Offers of 4s for Dominion Rubbers are finding sellers firm at 4s 10d. ~ Milbura Limes have an unsupplied buyer at £1 ss. ' , , , „ New Zealand Breweries have had a good market, and business has been done at £1 7s. They are now on offer at this figure with a buyer forward at £1 .fa 8d ! Breweries Debentures and otock are j both being inquired for at £l. Tooths have improved during the weeK, and are now wanted at £l.Bs, with a seller in the market at £1 fa 0d >- ~ Offers of 16s for Waihi# arc finding sellers firm at 16s 6d. There was a sale * t The* demand for preferred Electrolytic Zinc* has continued to be firm, wffbusiness has been done at £1 4«. They are now being inquired for at £1 So 6d, with no seller forward, , fill Kawarau* have been dealt in at oa, subsequent offers of id less finding sellers demanding id more, , Mount Lyclls have a buyer at £l, a margin of 3d separating buyers and ,C There was a sale of but the market improved, and further business was done at 8* 6d. ,The latte figure was being offered at the close of the market, with a seller forward at 8e *°The market for Paddy’s Points has continued to be steady, and there was a sale at 4s lOd. The previous offer of 4s 9d was again made, sellers demanding 4s lid. Gillespie’s Beaches realised id premium, further offers of the same amount failing to attract a seller. Four and a-half per cent. Stock (1938) has been dealt in at £95 10a, and. Si per cent. Bonds (Sept., 1937) had business at f 101 sc. SAI/ES REPORTED. £ s. d. Bank of New Zealand .. « • 2 \ 0 Kawarau ........ 000 Ti A p d c y Vo°ck (i938j:::: 65 10 o Tbs following are. yesterday afternoon’s buying and selling quotations, which are subject to the usual brokerage;—

BANKING. Buyer. Seller. £ 8. d. £ 8. d. Bank of N.S.W. ... 26 10 0 - Bank of N.Z. “ 2 7 0 Bank of N.Z. (Long D) 163 Commercial Bank 014 0 014 3 E. S. and A. Bank 4 6 0 National Bank of _ New Zealand .3,12 0 . National Bank of Australasia .... 10 17 6 , National Bank of . Australasia (con,) 5 3 0 Union Bank .... 7 2 0 7 4 6 INSURANCE. National ...... 013 New Zealand .. 2 10 South British .... 217 0 218 6 Standard 2 5 0 SHIPPING. Huddart, Parker ■ - ord.) .... .. 16 0 p. and O. Deferred Stock .' 0 19 6 *“• tr. 8.8. Co. (pref.) 10 0 COAL. Kaitangata .... * 0 1 0 ~ . Westport 0 11 0 0 12 8 Westport-Stockton (ord.) 0 0 0 LOAN.AND AGENCY. Dalgety and Co. 711 6 ~“ Goldsbrough, Mort 14 0 1 4 6 National Mortgage —2 0 0 N.Z. Guarantee Corp 0 5 9 Wright, Stephenson (ord.) ....... 011 0 Wright, Stephenson (pref.) 0 12 6 MEAT PRESERVING. Gear Meat .... 112 6 N.Z. Refrigerating A , ' n . (paid) Oil 3 012 0 N.Z, Refrigerating A . _ (cont.) 0 4 4 0 4 7 South Otago Freez- t ing 2 10 0 MISCELLANEOUS. British Tobacco ... 1 9 6 110 6 Brown, Ewing (pref,) -• 0 1 0 0 Crystal Ice .... 126 D.I.C. (ord.) .. 010 6 -- Dominion Rubber 0 4 0 Hi 10 Donaghy’s Rope .. 110 0 Kaiapoi .Woollen . ord.) i .. .. 0 5 0 0 6 0 Milburn Lime .. 15 0 —- Mosgiel Woollen .. 6 12 0 N.Z. Drug Co. .. 216 0 N.Z. Express A . (ord.) 0 10 6 . Farmers Fertiliser 013 • 6 014 0 ' N.Z. Paper Mills 1, 0 6 Whitcombe' and Tombs .2100 Wilsons Cement .. 110 0 BREWERIES. N.Z, Breweries .. 16 8 17 0 N.Z. Breweries (debentures) .. 100 N.Z. Breweries (stock) .... 100 Dunedin ...... 019 6 “ Tooth* 180 196 MINING. Kawarau 0 0 5§ 0 0 Cl Waihi 016 0 016 6 Waihi Grand Jctn 0 2 6 0 3 1 Electrolytic Zinc (pref.) 13 6 Electrolytic Zinc (ord) 0 14 0 Mount Lyell .... 1 00 i 9 5 g. Broken Hill .. —2 5 0 Molyneux Electric 0 5 0 Mahakipawa .... 0 0 „ “ _ Kildare ...... 013 017 Okarito 0 8 6 0 810 Paddy’s Point .. 0 4 9 0 411 King Solomon .. 0 110 0 2 0 Golden Point .. 0 0 9 0 0 9} Golden Dawn .. 0 4 0 „ “ _ Blackwater .. .. 0 3 5 Waitahu - ~ A 00 2 Gillespie’s Beach tP 00J Golden Sands •• , 0 I ? "Y o Big River .... *0 0 1 +0 0 3 . OIL. Moturoa 0 3 3

LOCAL AND OVERSEAS MARKETS.

GOVERNMENT LOANS. 4§ p.c. Bonds, 1938 95 0 0 96 0 0 44 p.c. Bonds, 1939 95 0 0 44 p.c. Ins., 1938 95 0 0 96 0 0 4J p.c. Ins., 1939 95 0 0 5J p.c.' S.S. Bonds 1933 ...... 99 7 6 5i p.c. S.S. Ins., * 1933 99 7 6 5i p.c. Bonds, Feb., 1937 ...... 99 0 0 5J p.c. Bonds, Sept, 1937 .... ..101 0 0 5J p.c. Ins., Sept., ' n 1937 ♦Discount. fPremium. NORTHERN EXCHANGES (Peb United Press Association.) The following business was done on ’Changes yesterday:— ; , . Auckland—Sales: Auckland Electric Power (1945) 54 per cent., £97; Commercial Bank of Australia (pref.), £0 19s, National Bank of New Zealand, £3 14s 6d; Bank of New Zealand, 47s 3d; New, Zealand Insurance, 42s (two sales); Goldsbrough, Mort, 245; New Zealand Brew cries, 275; British Tobacco, 29s 6d, 29a 7d; Fanners’ Trading, 4s; Golden Point, 9d; Waihi, 16s sd; Waihi Grand Junction. 3s; Paddy’s Point (5s paid), 4s JOJd; Broken Hill Proprietary, 17s; Blackwater, 13s. T _ Wellington.—Sales: New Zealand Breweries, £1 6s 10d (three sales). Sales reported: New Zealand Government 44 per cent. Bonds (1938), £OS 10s; Commercial Bank of Australia (ord.), 14a Id (late sale Thursday); New Zealand Insurance Co., £2 2s; New Zealand Breweries, £1 6a 9d (late sale Thursday), £1 6a 9d, £1 6a 8d; British Tobacco Co. (ord.), £1 9s 6d (late- sale Thursday); Waihi Gold Mining, 16s 5d (late sale Thursday); Burns, Philp South Seas, £1 7s 7 > id,_ Christchurch.—Sales: Commercial Bank of Australia, 14s 2d (two sales), 14s 2d (three sales), 14s Id; Bank of New Zealand, 47s 3d, 475; South British Insurance, 58s; Dalgety and Co., £7 15s (four gales). £7 15s; Goldsbrough, Mort, 24s (two sales). 24s Id, 24s sd; New Zealand Breweries, 26s 9d, 26s lid; Tooths Brewery, 28s 3d; Mount Lyell, 20s Id (four sales); Blackwater Mines, 13s 2d; Golden Point, 94d (two sales), 9d; King Solomon, la lid, 2s; Mahakipawa, 4d (two sales), 44d (three sales); Okarito, 8s 8d; Golden Sands (Is paid), Is 7d (six sales). Sales reported; Auckland Electric 5J per cent (1945), £97; Commercial Bank of Australia, 14s 2d (two sales); New Zealand Breweries, 26s lOd,

PRICE OF FINE GOLD (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, August 25. Fine gold is quoted at £5 19s Id per ounce. P. AND O. SHARES (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, August 25. P. and O. Shares, 20s. . MOUNT LYELL SHARES (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, August 25. Mount Lyell, 17s 6d. - ■ - ti ■ CANADIAN WHEAT CROP ADVANCES TO THE POOLS. (United Press Association.) (By Electric Telegraph—Copyright.) OTTAWA, August 25. (Received August 26, at 6 p.m.) Representatives of the Dopmion Government, the Prairie Governments, the wheat pools, and bank officials conferred on the financing of the marketing of this year’s wheat crop. It is understood that the Dominion Government is to guarantee the banks against loss on advances to the pools and that the Manitoba, Saskatch ewan, and' Alberta Governments will waive the first margin securities on the current pool assets. The arrangement is similar to the credit guarantee plan -on which last year’s crop was marketed. MELBOURNE MARKETS. (United Press Association.) (By Electric Telegraph—Copyright.) MELBOURNE, August 20. Wheat, 3s sd. Flour, £8 15s. , Bran and pollatd, £5 10s. Oats, Is 10d. Barley: English,. 3s and 3s 2d. Maize, 4s lid and ss. Onions: Scarce; £3O. WHEAT, FLOUR. ETC. (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, August 25. Wheat: Cargoes are unchanged. Parcels closed steady. Futures: London— September 25s OJd, December 24s 74d. February 24 s 8d; Liverpool—October 5s 6d, December 5s 53d, March 5s 6|cl. The spot trade is slow and irregular. Australian (ex ship), 28s 9d. ..... Flour is quiet. Australian (ex store), 19s 6d and 20s. Oats are dull and irregular. Peas and beans are unchanged. BRADFORD MARKET (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, August 25. Firm business is reported at Bradford. Fine sorts are quiet, awaiting the opening of the Australian season. There is rather more business in crossbreds. Seventies, 24d; 64’s, 224 d; 60’s, 214 d; 56’s, 17d; 60’s, Hid; 46’s, lOd; 40’s, 9d, AUSTRALIAN STOCK EXCHANGES (United Press Association.) (By Electric Telegraph—Copyright.) h SYDNEY, August 26. (Received August 26, at 11 p.m.) On the Stock Exchange healthy conditions were again noticeable, and bonds were very firm. > The following sales were made: — Bank of New South Wales, £29 12s 6d; Commercial Bank of Sydney, £l6 7s 6d; National Bank (£5 paid), 119 s; Queensland National, £5 7s 6d; Bank of Adelaide, £5 17s 6d; Burns Philp, 455; Howard Smith, 10s 8d; Adelaide Steam, 20s 6d; Austral Gas (A), £6 lls 6d; Dalgetys, £9; Qoldsbroughs, 27s lOid; do, New Zealand delivery, 27e 9d; Henry Jones, 34* 3d; Berlei, 24 fl 6d; Australian Glass, 445; Tooths, 325; Toobeys, 20s lOJd; Broken Hill Pty., 18s 10Jd; North Broken Hill, 67s 6d; New Zealand Debentures, 5i per cent (1937), £ll2 7* 6d; Commonwealth Bonds—4 per cents. (1938), £99 15s; (1941), £99 12s 8d; (1944), £99 15s; (1947), £99 17s 6d; 1950 £9B 12s 6d; (1953), £9B 7s 6d; 1955), £9B 15s; (1957), £99 7s 6d; (1961), £99 17s 6d. MELBOURNE, August 26. National Bank (£5 paid), £6; Goldsbroughs, 27s 9d; Dunlop Perdriau, 14s 7d; Electrolytic Zinc (pref.), 265; Gordon and Gotch, 29s 6d; Victoria Nyanza, 17s 9d; South Broken Hill, 47s 6d; Mount Lyell, 22s 3d, ■ * BEET SUGAR (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, August 25. Beet sugar: September, 6s sid. FOREIGN EXCHANGES (British Official Wireless.) (United Press Association.) (By Electric Telegraph—Copyright.) RUGBY, August 25. Par. Aug. 24. Aug. 25. Pads, fr to £1 .. -• 124.21 88 Brussels, belgas to £1 •• 35 24.02% 24.03)4 Oslo, kr to £1 •• .. *• 18.180 10 31-32 10.05 Stockholm, kr to £1 , .. 18.180 10.47)4 10.47)4 Copenhagen, kr to £1 *. 18.150 18.77)4 18 25-32 Berlin, marks to £1 20.43 14.65 14 0-10 Montreal, dol to £1 >• 4.80 2-3 8.02)4 3.02)4 New York, dol to £1 .. 4.80 2-3 3.40)4 3.40)4 Yokohama, pence to yen 24.58 15)4 10 Hongkong, pence to do) Bombay, pence to rupee 18 18 S-32 18 7-04 Batarla, florins to £1 .. 12.107 Milan, lira to £1 .. .. 02.40 07)4 67)4 Amsterdam, guilder to £1 12.107 8.00 8.5914 Prague* kr to £1 .. .. 104.25 110% 117 Genera, kr to £1 .. - 25.22% 17,80 17.80% Vienna, schillings to £1 Helsingfors marks to £1 193.23 232% 232% Madrid, pesetas to U «• 25.22% 43 1-10 43 Belgrade 27G - 3 215 215 Athens, drachma to £1 .. 375 555 655 Lisbon, escudos to £1 .. 110 HO HO Bucharest, lei to £!,■ .. 831.6 597% 692% Bio do Jsnelro. pence to milrcls 5.809 5 6-32 6 5-32 Buenos Aires, pence to pesos 47,32 ” Shanghai, pence to tael .. Montevideo, pence to peso 61 30 30 Warsaw, tlotys to £1 .. 43.38 BANK OF ENGLAND RETURN (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, August 25. The following is the Bank of England return; — ISSUE DEPARTMENT. Note issue in circulation .. £363,881,676 Banking department 49,846,76 a £413,728,341 Government debt .. •• •• £ 11 ,0 15>1 00 Other Government securities 2Sl,ni,iJo Other securities o’ooi’??« Silver coin •• o,ozl,ilu Gold coin and bullion .. .. 138,728.341 £413,728.341 BANKING DEPARTMENT, Proprietors’ capital .. .. £44, ;j 33,000 Reafc 3,(530,0*/ Public deposits ... .• •• 23,203,001 Other deposits (bankers) .. 70,946,387 Other accounts ••, • ■ ■ • 34,420,4 12 Seven-day and other bills .. I,l^< £154,769,027 Government secumitics .... £71,278,993 Discounts and advances .• 13,205,850 Other securities 19,509,898 Notes in reserve 49,84G,7G0 Gold and silver coin .. .. 807,521 £154,769,027 ■ The proportion of reserves to liabilities is 37.10 per cent. Short loans are quoted at i per cent.; three months’ bills at J per cent.

DUNEDIN MARKETS WHEAT, OATS, ETC. The chief interest in the milling market during the week has been centred in the quota of Australian wheat for the local market, landed ex the Kaikorai, and deliveries of which are still being taken from the wharf. Local millers state that the sample is a very fine one and that they are well satisfied with the quality. Growers of wheat in Otago have now apparently sold all their lines, but odd lots are still being offered from Canterbury. Most of the wheat in this district is sown in the autumn, but spring sowing is now proceeding apace. The supply of fowl wheat locally is a little more than equal to the demand. What surplus there is in Dunedin is mostly being shipped to the North Island at slightly under the rates ruling in Canterbury. Local prices remain unchanged at 4s 6d per bushel, sacks extra, ex the store.

Millers’ prices for flour, etc., are as follow:—

Flour: 2001 b, £l4 2s; 100’s, £ls 2s; 50’s, £ls 7s; 25’s, £ls 17s. Bran, £5 per ton. Pollard, £7 per ton. Oatmeal: 2001 b, £2l; 25’s, £23. Little business has been transacted during the week in either grade or feed oats, and although prices remain steady on account of the small stocks held locally, there is a tendency for values to ease on shipments from the Bluff. Odd lines of feed oats are finding their way to North Otago, and there is also a demand from South Canterbury for truck lots of heavy Gartons suitable for seed. The current shipping price is 3s 7d per bushel, f.0.b., s.i., Dunedin, for A Grade, and 3s 3d for B’s. These prices are equivalent to 2s 9d and 2s Cd respectively, on trucks, in the country, sacks extra. There has been a disappointing demand from the North Island for Dun oats, and, whereas in past years a premium of 3d per bushel on A grade Gartons has been paid for good dark Duns, values recently have receded to practically the level for B grade. The cutting of chaff has been more general this month, and supplies are equal to all requirements with no change in prices. For lines ex the store good quality is worth £5 per ton, sacks extra, and lines on trucks are realising £4 10s. The Waipiata left the Bluff with over 3000 sacks of potatoes at the end of last •week, and then picked up supplies at this port, and with the tubers loaded at Timaru and Lyttelton she should have a large quantity for the North Island market. Few lines are now coming to the market from Otago growers, and the bulk of the crops appear to have been placed. A large proportion of the supplies for the local market during the week have been drawn from Southland. The quality of these tubers, taking them all round, is particularly good. Truck lots are worth £5 10s per ton, sacks included, ex rail, Dunedin,

Wholesale seed merchants are now experiencing more inquiry from those with a distributing trade in the country, but, ou the other hand, there is an entire absence of demand from overseas. Inquiries are also being received from the North Island, and it is apparent that stocks of many of the lines usually most in demand, such as cowgrass, white clover, and ryegrass, are not in excess of requirements. Wholesale prices are as follow: — Chaff: Good quality, to 15 per ton, ex store; on truck, £4 10s per ton. Potatoes, £5 10s per ton, ex store. • Dairy butter: Milled bulk, 9d per lb; separator, 9d. i Bacon, 9Jd per lb. Ham: Ordinary, lOd; boneless, lid per lb. Onions: Japanese, 30s per crate. Eggs: Stamped, Is; case, lid. . Eggs were reduced 2d per dozen during til 6 WCfillk. Supplies of Japanese onions are almost finished. , , , Supplies of dairy butter are wanted.

FRUIT REPORT. ' Supplies of apples are getting into short compass. The demand is practically confined to choice lines, Victorian-grown oranges are now sold out of the marts. A line of Island grown, transhipped ex the mail steamer Makura, arrived during the week. The fruit was in moderate condition only. . A few hundred eases of Rarotongangrown bananas arrived by the Makura and also a line of Californian grapes. _ Australian-grown lemons are unobtainable at present, but New Zealand-grown are available. . , The next supply of Australian-grown lemons is due early in September. Reports indicate that higher prices will be ruling for the lemons and also for Aus-tralian-grown oranges and mandarins. Cabbages, cauliflowers, and lettuce are the only vegetables meeting with a demand. . , „ Wholesale prices are as follow: — Apples; Sturmers, small 3s 6d to _4s per case; medium, 4s fid to 5s fid; choice, to 7s; Delicious, 4s to 7s; Jonathans, 3s 6d to ss; cookers, 3s to ss. Bananas: Ripe, to 16s per case. Pears; Dessert, half-cases, to 4s, Oranges: Australian navels, choice, 11s to 13s per case; other quality, 9s to 10s; Island, 14s to 15s; repacked, 17s 6d. Grapes; Californian, 40s per keg. North IslandoPoorman oranges, 6s per case.

Mandarins. 9a to 10s per case. Lemons: New Zealand-grown, 12s Gd to 16s per case. Rhubarb, choice, 6s per dozen; bundles, small, 2s 6d to 3s. Cauliflowers: Choice, 4s to 7s per sack. Artichokes, lid per lb. Celery, 2d to 8d per bundle. Lettuce: Choice, to 4s 6d per dozen; small, to Is 6d per dozen. Leeks, 3d to 5d per bundle, Carrots, 2s per sugar bag. Parsnips, 2s per sugar bag. Potatoes, 6s to 6s 6d per cwt. LONDON METAL MARKET (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, August 25. (Received August 20, at 9 p.m.) Tha following are the official quotations In tha metal market:— Ton

LONDON STOCK EXCHANGE (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, August 25. The following are Ilia latest quotations for Government securities compared with the prices ruling last week:—

MINING KING SOLOMON DEEP LEAD. (Per United Press Association.} INVERCARGILL, August 26. The mine manager of the King Solomon Deep Lead, Ltd., reports a wash-up for the week of 70 ounces. ' DAIRY PRODUCE Messrs Dalgety and Co., Ltd., advise having received the following cablegram from their head office, London, dated August 25:—Butter market is quiet. Cheese market is steady at present prices. Danish butter, 110 s to 112 s; New Zealand finest butter, 108 s to 110 s; Australian finest unsalted butter, 105 s to 100 s; Australian finest salted hutter, 90s to 101 s; Australian G.A.Q. butter, 96s to 98s; Australian cheese, white, not quoted; Australian cheese, coloured, not quoted; New Zealand cheese, white, 62s to 635; New Zealand cheese, coloured, 56s to 58s; Canadian cheese, white, C2s to 635; Canadian cheese, coloured, 62s to 635; Canadian cheese, c.i.f., 62s to 635. The National Mortgage and Agency Company, Ltd., is in receipt of the following cablegram from London: — Butter. —Market slow; N.Z. finest, 109 s to 110 s; N.Z. first grade, 107 s to 108 s; N.Z. unsalted, 106 s to 108 s; Danish, 110 s to 112 s; Australian, 99s to 101 s. Cheese.—Market steady; N.Z. white, 635; N.Z. coloured, 57s to 58s; Canadian white, 62g to 635; Canadian coloured, 61s to 625; Canadian c.i.f., 635. Messrs A. S. Paterson and Co., Ltd., have received the following cable advice from their London principals:— Butter.—Market demoralised. Buyers refuse to follow New Zealand advance. Continental production slightly lower, but stock in England heavy; difference of New Zealand and Australian is cause of low price of Continental. Danish, 98s f.0.b.; New Zealand, 100 s; Australian, 101 s. Cheese. —Market slow. White, 625, 635; coloured, 575. LONDON FRUIT MARKET The Otago Provincial Fruitgrowers’ Council, Ltd., advises that the High Commissioner’s cabled report for the week ended August 20 on the London fruit market is as follows: Fruit.—New Zealand apples; Trade slow, but steady. Stores are cleared and brokers’ stocks very limited. Current prices:—Granny Smith, 11s to 16s, eon-, dition variable; Doughtery, 12s to 14s; Sturmer, 11s to 13s, few wasty. PACIFIC STARR-BOWKETT SOCIETY Mr J. B. Shaddock presided over an attendance of 50 members of the Pacific Starr-Bowkett Building Society on Wednesday, when £2OOO was disposed of by ballot. The ballot in No. 3 group of £IOOO was drawn by cluster No. 8, held by a local shareholder in one parcel. The £IOOO in No. 6 group was drawn by cluster No, 142, held by a shareholder from Gore. SUPPLY OF FOWL WHEAT IMPORTATION FROM AUSTRALIA. DISTRIBUTION IN NORTH ISLAND. (Per United Press Association.) WELLINGTON, August 26. The Minister of Industries and Commerce (Mr R. Masters) announces that it has been decided to import at an early date a quantity of wheat for distributing in the North Island as poultry feed, at 5s 3d, ex ship’s slings at Auckland and Wellington, and, if possible, at the same price at Napier and New Plymouth. PRICE OF SILVER (British Official Wireless.) / (United Press Association.) (By Electric Telegraph—Copyright.) RUGBY, August 25. Silver.—Spot, 18Jd per ounce; forward, •18}d. BANK OF AUSTRALASIA (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, August 25. The Bank of Australasia’s interim dividend is 3s per share, subject to the deduction of income tax (5s in the £1), being at the rate of 6 per cent, per annum, less tax. BUTTER AND CHEESE (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, August 25. Butter: Quiet. Danish, 112 s; choicest salted New Zealand, 108 s and 109 s; Australian, 100 s and 101 s; unsalted New Zealand, 106 s and 109 s; Australian, 103 s and 107 s. Cheese; Slow, New Zealand coloured, 58s; white, 61s and 625; Australian coloured, 56s and 575; white, 60s. COMPANIES REGISTERED The Mercantile Gazette notifies the registration of the following companies:— Millers (Oamaru), Ltd. Registered as a private company August 17, 1932. Office: 203 Thames Street, Oamaru. Capital: £6OOO, into 6000 shares of fl each. Subscribers: F. J. Blackgrove 5850, 11. Blackgrove 100, W. H. Parker 50. Objects: To acquire the business and other assets from F. and D. Blackgrove and to carry on business of general clothiers and soft goods merchants and warehousemen in all its branches. , Geddes Supplies,'Ltd. Registered as a private company August 12, 1932. Capital: £2OO, in 200 shares of £1 each. Subscribers: Dunedin—A. R. G. Geddes 160, F. C. Knowles 20, A. Geddes 20. Objects: Electricians, merchants, traders, commission agents, importers and exporters. Public Investment Corp., Ltd. Regisr tered as a private company August 15, 1932. Capital: £IOOO, in 1000 shares of £1 each. Subscribers: Dunedin—G. D. Driver 400, J. A. Sheppard 200, W. A. Chapman 400. Objects: Mortgage, loan and finahee company in all its branches. Hayward (C. and W.), Ltd. Registered as a private company August 10, 1932. Capital: £6OOO, in 0000 shares of £1 each. Subscribers: Dunedin —W. R. Hayward 4875, J. W. Hayward 750, W. S. Grenfell 375. Objects: Manufacturers and importers of household and office furniture, woodenware, musical instruments, linoleums, carpets, and incidental. Seelye (J. C.), Ltd. Registered ns a private company August 10, 1932. Capital: £750, in 750 shares of £1 each. Subscribers —Dunedin —J. D. M’Kechnie 123, J. H. Meek 25, G. C. Roger 50, N. Oram 25, J. G. Patterson 25, R. W. M. Greenslade 50, C. R. Smith 50, J. W. Smeaton 25, F. T. Anderson 25, H. F. Sihcock 100, William H. Shepherd 25, A. A. Paape 25, J. A. Haggitt 25, John Ringland 100, J. A. Sparrow 25, E. J. Smith, 25, A. Smellie 25, J. C. Seeyle I, W. P. Seelye 1. Objects: To manufacture clothing of every description, dealers in textile fabrics of all kinds and all materials used as clothing, drapers, milliners, dressmakers, and incidental. CHRISTCHURCH MARKETS (Per United Press Association.) CHRISTCHURCH, August 26. The Waipiata left Lyttelton last night for northern ports with a record cargo of 94J0 sacks of potatoes. Only 1970 sacks were taken aboard at Lyttelton. This heavy shipment, the bulk of which is for Auckland, has given the market a setback, and yesterday and to-day there were sales for August delivery at £5 ss, f.0.b., s.i., whilst Septembers to-day were quoted at £5 15s to £5 17s 6d. Quotations to farmers for September are £4 17s 6d per ton. * Fowl wheat is in fair demand at 4s Id, f.0.b., s.e. Oats and chaff are meeting with a very slack demand, and seeds are meeting with a restricted demand.

Copper, apot 3 Fall £0 6 3 Copper, forward .. . S3 13 0 Fall 0 8 8 Electrolytic, spot .. . 36 10 0 No change Electrolytic, forward . sr o 0 Fall 0 10 0 Wire barf 0 Fall 0 10 0 Lead, spot 6 Rise 0 2 6 Lead, forward , .. 12 0 0 Rise 0 2 0 Spelter, spot .. .. . 6 No change Spelter, forward , .. 14 7 G Rise 0 1 3 Tin. spot .. .. .. , 0 Rise 3 1 8 Tin. forward 3 Rise 2 15 0 Oz. Silver, standard .. . . 18‘id Rise 1-lCd Silver, One .. .. , 10 fl-X6d Rise 1-lCd

Last week. This week. £ 8. d. £ 0. d. Imperial Consols. 214 p.c. .. 71 7 c 71 0 0 War Loan. 8 P.C.. 1020-47 101 15 0 102 0 0 Conrcrsloa Loan. 3',4 p.o. 09 0 0 OS 10 0 Victory, 4 p.o 106 S 0 104 10 0 C’wcalth. 6 p.c., 1031-41 101 0 0 102 0 0 C'wealth, 514 p.c.. 1022-27 00 5 0 mo 0 0 N.Z.. 6 p.c.. 1030-61 .. 103 10 0 mi 7 6 N.Z.. 4 p.o.. 1020 .. .. 100 2 G 101 15 0 N.Z.. S’.l P.o.. 1040 04 15 0 05 0 0 N.Z.. 3 p.c.. 1045 .. .. 85 0 0 85 0 0 N.S.W.. O’,4 p.o.. 1030-40 100 0 0 100 17 6 N.S.W.. 6 p.c.. 1030-40 00 10 0 100 2 G N.S.W.. 6% P.o.. 1022-32 09 0 0 00 17 0 N.S.W.. 4 p.c., 1033 .. 06 17 0 08 5 0 N.S.W.. 314 P.c.. 1030-50 01 10 0 03 7 6 N.S.W.. 3 p.o.. 1035 .. 75 10 0 78 15 0 Tic.. 014 P.o.. 1030-40 .. too 0 0 99 15 0 Vic.. II p.c.. 1932-42 05 10 0 96 15 0 Vic.. 4% p.c.. 1040-00 .. 08 0 0 08 10 0 Vic.. 814 p.o., 1020-49 .. 78 0 0 82 2 6 Vie., 3 p.c.. 1020-40 .. 74 15 0 75 10 0 QMand, 6 p.c.. 1930-40 . • 00 10 0 100 0 0 g'land 5 p.c., 1940 GO .. 0G 12 G 09 7 G (i'land. 3 p.c.. 1022-47 .. 76 10 0 7G 5 0 S.A.. 014 p.c.. 1930-40 .. 00 13 0 100 6 0 B.A.. 314 P.C.. 1030 .. 01 0 0 02 10 0 B.A 3 p.c.. 1018 or after GG 10 0 07 0 0 W.A.. 6 P.o.. 1030-40 .. 98 15 0 100 0 0 W.A.. 314 P.c.. 1020-35 .. 03 10 0 05 7 6 Taa.. 614 P.C.. 1030-40 .. 100 7 0 100 7 fi Tas.. 314 P.c.■ 1020-40 .. 89 7 G 00 5 0 Xas.. 3 p.c.. 1020-40 .. 87 10 0 87 10 0