COMMERCE AND FINANCE

Otago Daily Times, Issue 21989, 26 June 1933, Page 12

COMMERCE AND FINANCE

THE SHARE MARKET ' DUNEDIN STOCK EXCHANGE Business was reported in Kaitangata Coals on the Dunedin Stock Exchange on Saturday at £1 Os 6d, the closing quotations being 3d on either side of that figure. Goldsbrougb. Morts changed hands at £1 7s. further offers of £1 6s 3d failing to attract a seller. Central Shotovc.s were dealt in at Is OJd and Is- o*d, and they are now wanted at Hid, with a seller in' the market at Is Id. The demand for Government Loans continued to be firm. SALES REPORTED.

' NORTHERN EXCHANGES (I'KH UNITE!* PRESS ASSOCIATION.) The . following , business was. done, ,on 'Changes on Saturday:—, Auckland.— Sales; National Bank ot New Zealand, £3 17s Gd; Keiuptliome, Prosser, 045,3 d; Union Bank, £8 11s, Union Oil, 24s 3d; Golden Dawn, la ,81d. Wellington—Sales reported; Inscribed Stock. 4 per cent. (1946), £IOO 10s; Bank of New Zealand, 47s (ex div.), both late Friday.. ________ ADVERTISING NEEDED HINT TO A MANUFACTURER. A hint to a manufacturer was given bv Mr G. A. Pascoe. a member of the Tariff Commisaion, on Wednesday, when evidence on behalf of the New Zealand jam-making and fruit-canning industry was being heard. . ’ The products of one firm in particular were -being displayed on the table when Mr Pascoe inquired: “Have these apples been long on the market? ’’ The representative of die company replied that evaporated apples had been on the market for about 15 years. Mr Pascoe: “We don’t know them in the south. You want to do a bit more advertising.”

LOCAL AND OVERSEAS MARKETS.

no internal loan fe - MINISTER’S STATEMENT ■rX CONFIRMED; 4 (Per United Press Association.) J . WELLINGTON, June 24. The chairman of: the Wellington Stock Exchange reports that members of the exchange endorse the statement of the Minister of Finance (Mr J. G. Coates), /in which he refutes the rumour that the 'Government contemplates issuing a substantial loan in the near future, at a rate of over 4 per cent. When arrangements for the recent conversion of Government loans were being considered the representatives .of the exchanges strongly recommended that the issue of an over-the-counter loan should be suspended until the market for converted stock and bonds had settled. This was immediately agreed to by the Minister, and had not been departed from. The result had been that the market had been freed from the influence of new issues, and had settled at a little over par, inclusive of accrued interest for the 4 per cent. loan. SOUTHLAND STOCK REPORT (From Our Own Correspondent.) INVERCARGILL, June 23. The main interest in the stock market during the past few weeks is- the sharp rise in fat, sheep’ and lamb values. The yarding at Lorneville sale on Tuesday was a record one for the yards, some 12,000 fit lambs and 2000 fat sheep being offered, which met with a keen sale. Prices showed a rise on last week’s quotations. ; Tim fat cattle market has also firmed -slightly during the week for well finished 0 animals. * V The . store sheep market lias 'also unproved -with very few lines offering. ; • The store cattle market is quiet, and very little business is being transacted. Fat Sheep.—Prime heavy wethers, 20s ■to 235; ■ medium-weight prime; d0,.;159 to 17s; lighter do, 12s 6d to 14s; prime heavy ewes, 12s to 14s; medium do', 9s to 10s; lighter do. 6s to 7s; prime heavy lambs, 20s to 225;- medium-weight ■ prime do 16s 6d to 18s; Tighter do, 12s to 14s. Fat Cattle.—Prime heavy bullocks, £6 10s to £7 10s; medium do, £4 15s to £5 10s; prime heavy heifers, £4 10s to £5 10s; medium do, £3 to £4; prime, heavy cows, £4- 10s to £5; medium do, £2,10s to £3 ss; vealers, to 15s; runners; to £2 Jos. . Store Sheep:—Ewe lambs. Romney, 13s to 14s; medium do, 9s 6d to 10s 6d; wether lambs, 7s to 10s; s.m. ewes, 1 12s 6d to. 15s; failing-mouth do. 6s to 7s; old ewes, 2s fld to 4s. MERCHANDISE MARKET • The. Port Whahgarei is due to-morrow with a cargo’.of sugar, the Wingatui on Juno 29, and the Waipiata on July 5. To compensate for the tax charge on Savoy paste the price has been advanced by 3d and 4d per dozen. • The Singapore market. continues firm for sago and tapioca. Some merchants are now getting short of supplies, and the direct boat from the East is not due for some weeks. '■ Burma rice shows a higher price for the next shipment. The ’Surrey is ! landing " supplies of Grehnbank’s cailstic soda in lib and 21b tins, Bush’s cream of tartar, bulk cornflour, carbonate of soda, and herrings in sauce.! The Wainui brought a considerable quantity of Ceylon tea, transhipped at Melbourne, and also Australian sultanas and currants. Jeyes shaving and dental crcanSs, which are now being made in New Zealand, are reduced in price. % Fresh supplies of ’ M'Lean’s peroxide paste and vanishing cream have arrived on the market. Owing to the increased demand for strychnine for rabbit poisoning supplies are getting into short compass, and the market is firm. Pr AND 0. COMPANY DIVIDEND 9ECISIONWX No interim, dividend is to be paid oh the £4,592,518 ‘deferred stock of the Peninsular and Oriental Steam Navigation Company, but the half-yearly distribution on the £3,040,000 5 per cent, cumulative preferred stock will be met on the usual date. In the present state of thet Far Eastern shipping trade the omission of the interim deferred dividend was almost a foregone conclusion. No distribution was made last year on this class of stock, which received 6 per cent.,for 1931 and 10 per cent, for 1930. Indeed, the full preferred dividend paid in respect of 1932 was covered by only a small margin, although the fleet depreciation allowance was reduced from £1.400.000 to £350,000 —a departure from normal made possible by conservative policy in the past. During the current year the company should derive some benefit from the saving in interest arising from the. recent debenture conversion:, ’X

The British ; India Steam Navigation Company—-a P. and 0. subsidiary—lias declared the usual half-yearly dividends on the 5 per cent, and 5i per cent., preference stocks.

.FRUIT AND PRODUCE WORLD

Reilly’s report:— Per Dozen.—Violets 3s Gd, 4s Gel. Sol tie Or Bs, 10s. Creme ss, Cs. Paper Whites 4s, ss. Honey, Alb pats 3s Gd. Cauliflowers 3s, ,Cs. Cabbage 3s, ss, Celery Is, 25.. Section honey Bs, 21b pottles ips Gd. Mutton birds 4s Gd, Gs. Eggs: .Poul-try-keepers Is sd; preserved Is, l’s 2d. Gladioli conns 4s Gd. 40s. Roses 10s' to 245, climbers 12s to 245. i Polyanthus 12s to 245.

Each. —Champion egg crates 15s. Knapsack sprayer £5. Roses: Miss Australia ss, Mrs J. D. Eisele ss, Etoile de Hollande 55., Half-cases.—Pears: Winter Nelis Is Gd. 3s: Winter Coles 2s, 3s. Bushel Cases. —Apples: Central Otago Jonathans 45,. 8s; Delicious Gs, 9s; Stnrmers ss. 7s Gd; cookers, choice. ss, 7s; others 2s, 4s. Pears; Winter Nelis and Winter Coles Gs, cookers ss. Poonnan oranges Bs, 9s Gd. Lemons: New Zealand 2Gs, Californian/70s. American Cases. —Oranges; Valencias 40s. Bananas: Ripe Niueg 18s. Per Lb. —Bulk Honey 4d, discoloured 3d. Beeswax Is. Brussels sprouts 3d. Walnuts sd, 7(1. Grapes: Choice Gros Colmars 2s Bd. Cheese 7d. Butter; Storekeepers Bd. Te.\: Orange Pekoe 2s. Porker and bacon 'pigs 4d. sd. Bacon: Prime Bd, 9d. Hams lid. Tomatoes; Locals, choice 7d, 10d; medium sd, Gd; Christchurch, choice stl. 7d; medium 2d, 4d: green 2d. Pumpkins ss. Potatoes ss. Onions: Canterbury, Cs, Oyster grit 6s Od. Marrows Ss Od. Woodwool 28s. Bluestone: Macclesfield 42s Gd. Pie melons 8s Gd. Olive oil ).0s gallon. Semcsan and Granosan 2oz 2s 3(1. Alb 7s Gd, lib 12s, 51b 555, 251 b 2455. " _ Fruit wraps 3s Gd ream. Vallo Giraffe lime sulphur. 8 gallons 2s 3d. barrels Is gd. Black leaf “40 ”: American, l()lb 525, 51b 30s. 11b 8s Gd. Alb 4s Gd; British, 101 b 50s, 51b 27s Gd. lib 7s Gd. Wheat: Choice Canterbury 4s, 4s Gd; seconds 3s Gd. Partridge peas 4s Gd. New season’s maize 5s Gd. , ~,,,, maize Gs. Oats; “A ” Gartons Is 9d, B Is Gd. ' ~ . Crushed oats 11s. Cross Keys meatmeal 16s. Fire wood blocks 2s Gd. Manuka tomato stakes 8s per 100. Acorn buttermilk 3d per lb. , _ „, Palmer’s chick food, 1001 b 17s Gd, oOlb 10s Gd, 251 b Cs. Bran £4 10s. Pollard £6- Straw, wbeaton £3, oaten £3 10s. Hay £4 10s, £5. Oatsbeaf chaff £4, ex store f 4 10s. Oatmeal £lB. Per Pair,—Poultry: 86 hens at 4s to Gs Gd, 83 cockerels at 4s to 10s, 13 ducks at 4s 4d to 5s 2d, 17 pullets at 3s to 10s. 11 geese Gs. to 8s 2d, 10 pigeons at Is lOd; 17 gobblers at 9d to 10d per lb. REILLY’S CENTRAL PRODUCE MART. Moray place, Dunediu.

FROZEN MEAT MARKET (United Press Association.) (By Electric Telegraph—Copyrigl t.) LONDON. June Si, (Received June 25. at G. 30 p.m.)<,

PRICE OF SILVER (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, June 24. Silver, ■ spot, is ciuoted' at Is 6id rer oz.; forward, Is 6|d- • % LONDON FRUIT MARKET SUPPLIES 'OF APPLES AND PEARS, (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, June 23. HeaVy supplies are depressing the apple market. At Liverpool Tasmanian Sturmers brought froin 5s 6d,to 8s 6d; Granny Smiths, 8s 3d to 10s 3d; Dunns, os 9d and 7s; Cleopatras, 5s and Bs_6d. Tasmanian pears; Boxes —Josephines, 6s 6d and 8s 6d; Winter Nelis, 9s and 10s,; Winter Cole, 7s and 10s; Boses, Bs'and 9s 9d. PRICE OF FINE GOLD (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, June 23. Fine gold is quoted at £6 2s 2d per oz. LONDON PRODUCE MARKET The Bank of New Zealand has received the following advice from its London office under date' June 23: Frozen Meat.—For withers demand prices are steady. There is a moderate demand for ewes, and prices remain firm. The advance in prices of lambs has checked the demand, while smaller supplies have caused prices to harden. Trade generally has fallen off. Wethers, light, 3jd to 5d per lb; heavy, 3d to 3Jd; ewes, 2fd to 3|d; lambs—twos 6jd to 7jd, eights 65d to 7gd, fours did to Gild, seconds 6d to 6 id.' AUSTRALIAN STOCK EXCHANGES (United Press Association.) (By Electric Telegraph—Copyright.) SYDNEY, June 24. Sales.—Bank of New South Wales, £3l 17s 6d: British Tobacco, 34s 9d; Broken Hill Proprietary, 34s lid; Colomat Sugar, £57 7s 6d; Goldsbrough, Mort, 27s 3d; Wilcox, Mofflin, 7s 6d:. Winchcombe. Carson, 25s IQ-Jd; Tooths, 37s 9d. Sales.—4 per cent. Bonds, 1938, £lO2 12s Gd; 1941, £lO3 6s 3d; 1944, £lO3 - 10s; 1947, £lO3 17s Gd; 1950, £lO4 2s Cd; 1953. £lO4 2s.,Gd :195a, £lO4. COTTON, RUBBER. ETC. (United Press Association.) (By Electric Telegraph—Copyright.)■ LONDON, June 24. (Received June 25, af's.s p.m.) Friday’s closing prices were as follows: — Cotton: Spot. G.lSd per lb; July 5.90 d. Rubber: Para, 5Jd per lb; plantation, smoked, 3 1 l-32d. Jute: July-August, £l7 0s 7£d per ton. Copra: June-July. South Sea, £lO 15s per ton; plantation, Rabanl, £lO 17s Gd. Linseed oil, £l9 15s per ton. Turpentine, 4 55 sGd per cwt.

LONDON METAL MARKET (United Press Association.) (By Electric Telegraph—Copyright.) w LONDON. June 24. (Received .Tune 25. at 8.45 p.m.) The following are the official quotations:— Ton.

MINING ACTIVITIES ON CROMWELL FLAT. Referring to the paragraph in onr issue of Friday in which it was stated that the Serita Development Company, Ltd., has sold sections 37, 38, 42, 43, 44, and 45 to the Ao-tea-roa Gold Prospecting Company, Ltd., the Serita Development Company, Ltd., inform us that this is hardly correct, as these sections were sold to Messrs Fenwick and Reeves, of Dunedin. TRIBUTING AT THAMES. Messrs C. Sarich and F. Croup, who arc tribnting in the Dawn of Hope mine on the Moanataiari Creek, have struck another leader. Two loads of ore were sent to the Thames School of Mines battery last week and resulted in a yield of 20 ounces of gold, an average of four ounces to the ton. The two men struck a rich leader a few months ago and the yield of about £IOOO worth of gold resulted from a small quantity of stone. Since then they have been engaged in a lot of dead work, such as enlarging the drive and removing mullock. NORTHERN GOLDFIELDS, LTD. At the statutory meeting of shareholders in Northern Goldfields, Ltd., the following directors were elected: —Hr William Goodfellow (chairman), ■ Sir James Gunson, Messrs Norman Spencer, F. K. Burrell (Auckland), Sir Alexander Roberts (Wellington), and Mr R. A. Anderson (Invercargill). DAIRY PRODUCE The South Island Dairy Association, Ltd., has received the following market report from London:— Butter; Steady after quiet week; 78s. Firsts, 76s to 77e; Danish, 89s to 915., Cheese: Quiet. White. 46s to 475: coloured, 51s. Messrs H. L. Tapley and Co., Ltd., have received the following cabled market report from London:— Butter, 77s to 78s per cwt. Cheese: White, 46s to 47s per cwt; coloured. 51s per cwt. Markets quiet. TEA PRICES ADVANCE Private cablegrams from Colombo advise a very strong market for all descriptions. Common teas generally showed a rise of id to |d per pound. Good_ quality teas were much stronger v in price, and were occasionally Id to zd above last valuations. Calcutta advices report a very strong market for all descriptions of tea. At the Colombo sales held on June 13, 2,000,0001 b of tea was placed under offer. Quality was considered useful and of good selection. The result of the .sale showed that all kinds then advanced. Price alterations showed an increase of id per pound on Commons, id per pound on Prime Broken Orange Pekoes, id per pound' on plain 8.0.P/s, and id per pound on first classic broken Pekoes and fine 8.0.P.’5. Cables received state that the North Indian crop on June 1 is only 2,500,0001 b below May last year, and that the Mid Eastern production stands at 8,000,0001 b ahead, made up as follows: — North Indian crop at June 1,2,500,0001 b behind; Southern Indian shipments to all places at March. 1,500,0001 b behind; Cey-, lon shipments at May 1,750,0001 b behind; Java shipments at May 1,10,000,0001 b ahead: Sumatra shipments at April 1, 250,0001 b ahead;—total, 8,000,0001 b ahead. London figures for May read:—Total imports, 28,875,0001 b; home consumption and re-exports, 33,750,0001 b; stocks, 257,500,0001 b. Stocks of 257,500,0001 b represent 75,500,0001 b ahead against June 1, last year, and is another record compared with any previous May, the nearest to game being 215,000,0001 b in 1930, going back as far as the last 10 years. BRITISH TRADE The iron and steel industries anticipate improved demand, as the production of pig iron in March was 332,200 tons, well ahead of February and about on a level with March last year; and exports show increase. The output* of steel ingots and castings in March was 577,700 tons, which is some 25 per. cent, ahead of February or of March, 1932, and exports show increase, though the bulk of the increase is going into home production. Shipbuilding shows sonm improvement. Manchester cotton piece goods manufacturers are suffering from lack of demand, but exports of cotton piece goods in March were more than ■ in February or in March, 1932. Exports of wool tops for the March quarter were ahead of 1932 and nearly 70 per cent, ahead of 1931, and exports of yarns show heavy increase, while exports of piece goods, though ahead of 1932, are not quite up to 1931. Linen piece goods show increased export. Motor exports for the March quarter show the highest total for any quarter since 1927.

/ £ s. d. iKaitangatn Coni .. 1 0 6 Goldsbrougb, Mort . 1 7 0 Central Sliotover . , . . . . 0 1 0i Central Sliotover .. 0 1 01 LATE SALES FRIDAY. Union Bank .. .. . 1 11 3 National Mortgage . ■2 2 6 Dalgety .. .. •• 9 7 .6 : - , UNLISTED STOCK ' Charleston Gold .. . ... f.>, ; .... 0 2 2 The following are Saturday morning’s buving and selling quotations, ivlnch are subject to the usual broker*cc BANKING. Buyer. Seller. £ s. d. £ s. d. N.S.W - 31 15 0 — New Zealand .. .. 2 6 9 h — N.Z. (long D) .. •" 11 0 Commercial .. .. 0 16 6 E.S. and A “ 5 2 0. Natl, of N.Z 3 17 6 3 18 6; TTni/NM 8 10 6 — INSURANCE National',.. : 0 16 10 — SHIPPING. Hnddart.f Parker 3 ( pref.); v. 1 2 — U.S.S. Co. (pref.) i 2 3 COAL Kaitangata. -• •• 1 0 3 1 0 9 Westport 0 12 3 — LOAN AND AGENCY. Goldsbrougb, Mort 1 6 3 — 0 National. Mortgage 2 2 0 2 3 National Mortgage (B issue) .. .. 1 1 0 — N.Z. Guar. Corp... 0 6 0 — Wright, Stephenson 0 10 (ord.) .. .. .-. 6 — Wright, Stephenson 0 12 6 (pref.) ■ > k; — MEAT PRESERVING. 15' N.Z. Refrig, (pd.) — 11 0 3 N.Z. Refrig, (cont.) ,05 0 6 0 South. Froa. Meat 6; (paid;) .. .... 2 5 —V; South Otago Freez, 4 6 0 T MISCELLANEOUS. British Tobacco' .. 1 13 9 1 15 0 Broken Hill Propy. — Bruce, Woollen 0 10 (ord.) .. * ’ — 0 1 5 0 .1 — D.T.C. (ord.)-,. .. — 0 0 ii 0 D.I.C. (pref.) .. 0 19 — Dominion Fertiliser 0 13 0 rr Dominion Fertiliser 100 0 0 0: 17 6 Dominion Rubber.., 0 13 0 S look Exchange .2,0 0 P,op.v;,;; J ;;. ;.v ~v Electrolytic Zinc ; 019 0 • * • •— Kauri Timber. .. 012 0 Milburn Lime .... 1 8 6 Mosgiel Woollen. ..., 8 2 6 •. N.Z. Drug Co. ... 3 3 6 3 , 4 3 N.Z. Paper'Mills <■ 1 6 0 1 7-. 0 Smith and Smith .. 0 10 9 Y\ r ilsons Cement ..' 1 12 0. — N.Z, Newspapers.. 1 5 6 1 8 0 BREWERIES. N.Z. Breweries . .: , 1 13 6 1 14 3 Staple’s ... • • 1 6 0 ’ ' MINING. Kawarau 0 0 5 0 0 7-.; Waihi Grand Jetn. 0 3 1 0 0 - Mahakipawa .. ... Kildare 0 0 0 2 i 1 1 0 9 5 Okarito ? -,..0-10, ■0 0 10 1, Paddy’s Point .. .A - - 1 u O Cornish Point 0 0 2 0 0 1 2 Goldcn^Prbgress 1 Kin" Solomon v. Ht-H— % 0 u ii 9 1 Alexander,'^;.. Gillespie's,-Beach ..' 0 14 O' - 0 19 1 3 7 Waitahu . . •• •• 0 6 11 0 7 1 5-| 0 Big River - * 0 , 1 2 Mount David — 0 0 Nokoraai .. .... 0 4 ■ 0 4 3 Freshford .. .. •• 0 1 2. 1 7. Central Sliotover.. 0 0 11A 0 1 Lawson’s Flat 0- I 1 0* 0 1 1 Golconda .. •• 0 0 9 GOVERNMENT LOANS. 3.1 p.c. Ins,, 1938’1943 . .. . • • • 100 10 0 100 0 0 100 10 “ 1 <152 . .. .. .. 100 0 0 0 31 p.c. Ins., 19390 100 10 "1043 ...... .. 100 0 0 3.V p.c. Ins., 1939- • 0 100 10 0 "]952 100 0 3-V p.c. ins., 1941“1943 100 0 0 100 10 0 3V p.c. Ins., 194110 1952 V, ...... 100 ■ 0 0 100 0. 4 p.c. Bonds; Jan. 100 0 ,0 1940 -v. . . : • •• *— 4 p.c. 1 ns..-‘Jan.; 100 10 0 1940 — 4 p.c. Ins., Feb., 1946 -• •• — 101 0 0 4 .p.c. Ins., June, 1955 • — 100, 15 0

June 10. June 17. June 24. cl. d. d. N.Z. Sheep— (Per lb.) Canterbury and North Island selected wetbers and maiden ewes—. 4S-6GI1) .. I. „ .. 4 414 454 57-6411) 314 354 G5-721b 3 >4 314 314 North Island: 48.501b ilk 4li 57-C41K 314 354 354 65-721b 314 314 Ewes: 4Slh and under .. .. 314 3% 314 40-0411) 3 314 314 05-72lb .. 254 2% 274 N.Z. Lambs— Canterbury: 361b and under .. .. 614 654 7 37-4211) 614 6% 7 48.501b .. 5% 614 654 Seeond quality: Average 321b 554 614 614 Other South Island brands— 361b and under .. .. 614 654 7 37-4211) 014 6% 7 43-5011) .. .. .. 544 554 654 Selected North Island brands. Including downs— • 361b and under .. .. 654 , 7 714 - 37-421b (Hi 654 7 Ik 43-50Ib 5% 0% 6* i Second-quality; Average 321b .. .. 574 014 614 Other North Island brands— First quality: ■ v 301b and under .. .. r.i/ 8 014 654 37-421b 6 614 0% 43-501b — — — Second quality: Average 321b .. .. .. 8% 6 614 Australian Sheen — First quality crossbred and/or merino wethers: 40-0511) .. .. .. 314 314 ' 354 Second quality: 30-551b . 314 35a 354 Ewes: 30-55Ib .. .. • . .. 314 314 314 Australian Lambs — Victorian — First quality; 361b and under .. .. 614 r> 37-42)5' .. G 6 Second quality: 3Clb and under .. .. 554 G 574 Other States — First quality: 36.1b and under .. .. 514 554 554 37-421b 514 554 0 Second quality: 3Glb and under .... 554 5% 6 All States— Third quality .. .. .. 554 6 574 'Argentine Sheen — First quality crossbred wethers; 48-641b -- 314' .354S*i 65-721b .. ...... 2% 3 314 Argentine Lambs— First quality: 614 361b and under .. .. 554 0 37-42ib 5% « 551 G 43-501b — — — Second quality; 6 Average 2Slb 554 G l‘a*agonIan Sheep— Wethers and/or maiden ewes; 354 354 50-GOlb 3 314 314 Ewes: 314 40-501b 314* 314 Patagonian Lambs— First quality: 554 574 , 301b and under .. .. 554 37-421b .. 514 514 654 Second qualify: 514 514 ' Average 301b 6 New Zealand Frozen Beef— . 214 214 Ox fores (XG0-2201b) .. 214 Ox hinds (100-2201b) .. 254 254 214 Argentine Chilled Beef— 254 254 Ox fores (160-2201b) 254 Ox hinds (166-220Ib) .. 454 5 474 Australian Frozen Beef — 254 Ox crops (1001b & under) 2% 254 Ox crops (over 1001b) .. 214 214 214 Ox hinds (1601b & tinder) 254 254 254 Ox hinds (over 1601b) .. 254 254 274 New Zealand Figs— First quality: 414 414 60-8011) a .. .. .. 81-1001b' — — 454 454 10I-1201b — ,454 1% Australian Pigs— First quality: 414 414 60-10011) — 101-120U) .. .. .• •• 414 454

Concur, trot .. £3G 7 6 Fall £0 3 us Copper, forward 36 10 7 & Fall 0 3 9 Electrolytic, tpot 40 0 0 No change Lead, trot 13 5 0 Ui«o 0 1 3 Lead, forward 13 11 s Rise 0 1 3 Spelter, spot . • 17 5 0 Rise 0 2 6 Spelter, forward 10 10 0 Hise 0 1 0 Tin. spot .. .. 219 17 G Fall 2 11 3 Tin. forward .. 219 2 G Fall 3 15 0 Silrer. standard Silver, fine •, •• •• Oa, ISISd 19 15-16d Fall Fall w 9-ird