COMMERCE AND FINANCE

Otago Daily Times, Issue 22369, 17 September 1934, Page 14

COMMERCE AND FINANCE

LOCAL AND OVERSEAS MARKETS

LONDON MEAT MARKET (United Press Association.) (By Electric Telegraph—Copy right.) LONDON, September 15.

THE SHARE MARKET DUNEDIN STOCK EXCHANGE Two sales of Bank of New Zealands at £2 8a 3d were reported on the Dunedin Stock Exchange on Saturday, further offers of Id less finding sellers firm at £2 8s 6d. Sydney Woolworths continued in Rood demand, up to £3 14s 6d being offered, but no seller responded. There were two sales of Gillespics at Is lOd, at which price they were later obtainable, but buyers were not then prepared to go beyond Is 9Jd. Big Rivers appreciated considerably, up to Is 6Jd being offered, but even this figure failed to attract business. SALES REPORTED. ; £ e. d'. Bank of New Zealand (two) 2 8 3 Gillespies (two; late Friday) 0 110 Goldfields 010 Nevis Diesel (late Friday) .. 0 0 5? The following , are Saturday's buying and selling quotations, which are subject to the usual brokerage:—

NORTHERN EXCHANGES (Peb United Pbess Association.) The following business was done on 'Changes on Saturday:— Auckland.—Sales: Stock (1955) 4 per cent., fill 10s; Waitqmata County (1940) 5-J per cent., £105; National Bank of New Zealand, £3 16s; Bank of New Zealand, 48s l£d, 48s; Queensland Insurance, 71s; Renown Collieries, 4a 6d; Auckland Gas, 26s 9d; Auckland Gas (cont.), 21s; Wellington Woollen. £5 8s 9d; Consolidated Brick, 9s lid; Farmers' Trading, 6s sd; Waihi, 32s 6d; Broken Hill Proprietary, 51s; Mount Lyell, 20s 2d; Wilsons Cement, 30s 3d; Gillespie's Beach, Is 10Jd. Unofficial list: Associated Motorists Petrol, 22s 9d; Woohvorths (Sydney; ord.), 755, 76s 6d. . „ , Christchurch.—Sales: Commercial Bank of Australia, 17s 7d (three parcels), 17s 6d; Reserve Bank, £G 9s (two parcels); New Zealand Insurance, 65s 6d; Australian Iron and Steel (pref.), 23s 6d; British Tobacco (cum div.), 38s lOd (two parcels); Dunlop Perdriau Rubber (cum div.), 20s 3d; Electrolytic Zinc (prof.), 35s 3d; Gillespie's Beach, Is 9Jd; Glenroy, Is 2d (two parcels); Lawson's Plat, 4d;

Maerewhenua, sd; Mahakipawa, 10Jd (two parcels); Mount Lyell 20s Id; Rawang Tin, 9s 2d (two parcels). Sales reported: Bank of New Zealand, 48s 3d (two parcels) ; Dalgety and Co., £9 4s 6d (two pareels); Big River, Is 6d (two parcels) ; Worksop Extended, 2s; Waitahu, 4s Gd; Goldsbrough, Mort, 30s Od. Unlisted Stocks: Argo Gold Dredging (3d paid), 4Jd (two parcels); Macetown (Is paid), Is 3d (seven parcels). Sales reported: Woolworths (Sydney; ord.), 74s 6d. Wellington.—Sales: Commercial Bank of Australia, 17s 8d (late Friday), 17s 7d; Bank of New Zealand, 48s (late Friday); Quensland Insurance, 71s; Wellington Woollen (ord.). £5 9s 6d; Big River, Is lid. Unofficial: Woolworths (Syduey), 755. FOREIGN EXCHANGES

(United Press Association.) . (By Electrlo Telegraph—Copyright.) SYDNEY, September 15. (Received Sept. 16, at 5 p.m.) Thi s morning's Bales were as follows: — Bonds—3J" per cent, 1943, £lO2 15s; 4 per cent., 1938, £lO5 12s 6d; 4 per cent., 1941, £lO6 15s; 4 per cent., 1944, £IOB ss; 4 per cent., 1947, £lO7 15s; 4 per cent., 1950, £109; 4 per cent., 1957, £lO9 12s 6d. Australian Gas (A), £7 18s 6d; Tooths, 46s 9d; Anthony Hordern, 15s; Associated News, 245; Broken Hill Proprietary, 51s; Colonial Sugar, £67 10s; Dunlop Perdriau, 20s 3d; Goldsbrough, Mort., 30s 4M; Lustre, 24s 9d; Meggitt's, 21s 7ld; Wilcox, Mofflin, 12s. DOLLAR AND FRANC (United Press Association.) (By Electrlo TelegrapL—Copyright.) LONDON, September 14. The dollar is quoted at 5.00 13-16 and the franc at 75. PRICE OF FINE GOLD (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, September 14. Fine gold is quoted at £7 Os 6£d per ounce. _ , V WHEAT MARKET'" (United Press Association.) (By Electrlo Telegraph—Copyright.) NEW YORK. September 15. Chicage wheat: September 103 J cents per bushel; December, 103| cents; May, 104 g cents. New York cash price, 109 % cents per bushel. DAIRY PRODUCE THIS WEEK'S PRICES. (Peb United Press Association.) WELLINGTON, September 15. The New Zealand Dairy Produce Board has fixed the minimum prices for next week on the basis of B|d, f.0.b., for "butter and 4|d, f.0.b., for cheese.

THE LEAD MARKET IMPORTS TO ENGLAND. LONDON, September 14. Pig lead: Imports, 31,419 tons (Australian 16,992); exports, 701 tons. SOUTHLAND MARKETS (From Oob Own Correspondent.) INVERCARGILL, September 15. STOCK REPORT. The stock market continues good for all classes, and values are firm at late quotations. Eat cattle are coming to hand in regular numbers, and with a good inquiry from the north values are inclined to harden. Fat sheep have been offering freely during the week, and competition from outside sources hag had the effect of raising values. The store sheep market is very buoyant, and at the sales competition has been keen for all classes. The store cattle market is quiet, with very few lines offering. Values, however, are slightly better than those recorded in recent reports. Fat Cattle.—Prime heavy bullocks, £8 15s to £10; medium-weight prime, £6 10s to £7 10s; lighter, down to £5 15s; prime heavy heifers, £6 to £7; medium, £4 to £5; prime heavy cows, £6 to £7 ss; medium, £4 to £5; lighter, f 3 to £3 10s; vealers, £1 to £1 ss; runners, £1 10s to £2 10s. Fat Sheep.—Extra prime heavy wethers, to 335; prime heavy, 28s to 30s; medium-weight, 26s to 275; lighter, to 245; prime heavy young ewes, 24s to 265; prime heavy ewes, 21s 6d to 22s 6d; medium, 18s 6d to £1; lighter, 15s to 16s. Store Sheep.—Good Romney ewe hoggets, 26s to 28s; medium, 20s to 22s 6d; wether hoggets, 15s to 18s; four, six, and eight-tooth ewes, 30s to 345; failingmouthed, 22s 6d to 255. Store Cattle. —Three and four-year bullocks, £4 10s to £5 10s; two and-three-vear, £3 15s to £4 ss; yearling, £1 15s to £2 10s. GRAIN REPORT. Oats. —This market since last report has still further hardened, and a second shipment of, roughly, 4000 sacks of A grade to London has further strengthened the position. Current quotations, f.0.b., for A grade Gartons are 2s 8d per bushel, B's 2s sd"; while, on account of the shortage of A's, some holders are asking rather higher figures, or by a cheap method of dressing turning B's into A's rather than accept lower rates. At this time of the year very little remains in farmers' hands, and this is more pronounced than usual. Probably clue to the return of the horse, the man on the land is, in many instances, requiring oats for feeding purposes. Ryegrass.—There are continued inquiries from northern centres, and the market remains firm at recent rates, and with a somewhat better tone. Local values are, for 281 bto 291 b machinedressed seed with a germination in excess of 90 per cent., somewhat better than 4s 6d per bushel, f.o.b. This business of necessity is done on sample, and much depends on the character of the seed and its relation to values. Crested Dogstail.—This seed has still further appreciated, prices ranging according to quality at from Is Id to Is 3d per lb. The latter being seed of exceptional quality. LONDON PRODUpE MARKET The Bank of New Zealand has received the following advice from its London office under date September 14:— Frozen Meat.—Larger supplies of wethers have caused prices to weaken. There is a moderate demand for ewes, while prices are a shade lower. For lambs trade is slow owing to heavy supplies of fresh meat. The demand for seconds is falling off. Wethers, light s§d to 51d; heavy, 4jd to 4Jd; ewes, 3id to 4Jd; lambs, twos 7d to 7sd, eights 6|d to 6fd, fours, 6Jd to 6j}d, seconds 6jd to 6fd. ___________ FRUIT AND PRODUCE WORLD Reilly's report selling:--Per Dozen. —Spring cabbage. Is 6d, 2s. Cauliflower, 3s, 4s. Carrots, Is. Honey, Jib pats, 3s 6d. Eggs: Storekeepers, 9d, lOd; guaranteed, lid. Lettuce, 3s 6d, 4s 6d; small, la, Is 6d. Violets, Is, Is Cd. Boronia, 6d bunch. Anemones, 6d bunch. Freesias, 4d, 6d. bunch. Cucumbers, 6s, Bs. Hyacinths, 2s dozen. Rhubarb, 4s 6d,5s 6d dozen bunches. Each. —Champion egg crates: 24 dozen, 17s 6d; 12 dozen, 13s 6d. Knapsack sprayer, £4 15s. Half-cases. —Dessert pears, 3s, 4s. New Zealand lemons, Bs, 10s. Bushel and American Cases.—Apples: Delicious, 4s, 7s; Jonathans, 4s, 6s; Sturmers 4s, 7s; cookers, 3s 6d, 5s 6d. Pears: Cooking, 4s, ss; Winter Nelis, Coles, 6s, Bs. Calfornian oranges, 455. Australian navels, 16b, 235. Californian grapes: Red Malagas, 28s 6d; Black Ribier, 30s. Grapefruit, 435. Californian lemons, 70s. Lemons: New Zealand, first, grade, 14s, 20s; second grade, Bs, 12s. Bananas, ripes, 20s. Poorman oranges, 9s to 10s 6d. Pineapples, 15s, 18s 6d. Mandarins, 23s 40s. Per Lb. —New* Zealand tomatoes. Is 9d, 2s. Whitebait, 3s 6d, 4s. Bulk honey, 4kl, sd; seconds, 3d. Beeswax, Is Id. Brussel sprouts, 3d. Walnuts, Bd. Cheese, sd. Peanuts, 4d. Tea: Orange Pekoe, 2s 6d. Butter: Storekeepers', Bd." Bacon, prime, 9d. Porker and bacon pigs, sd; overweights, 3d, 4d. Per Cwt.—Marrows: Wanted. Pumpkins, 6s. Potatoes, 3s, ss. Onions: CanWoodwool, 28s. Bluestone, Macclesfield, 42s 6d. Olive oil, lis 6d gallon. Giraffe lime sulphur; 8 gallons, 2s; barrels, Is 9d. Semesan and Granosan: 2oz, 2s 3d, lib 12s; 51b, 555; 251 b, 2455. Black Leaf "40": American, 10lb, 525; 51b, 28s; lib, 8s 6d; Jib, ss. British: 101 b, 48s; 51b, 265; lib, 8s; Jib, 4s 3d. Restar grass grub exterminator: Jgallon, 3s 6d; 1 gallon, 6s 6d. Patent codlin moth tree bands, 200 ft lengths, 12s. Prepared White oil, ss. Arsenate of lead paste, 6d to Is Id. Lead powder, BJd to Is Id per lb. White oil emulsion, 4s gallon. Red oil, 3s 9d. Special spray soap, 275. Improved spray, od lb. French Bordeaux, Is Id. Calcium arsenate, Is Id. Benzole emulsion, 7d lb. Atomised sulphur, 6d lb. Weed and scrub killer, 9d. Wood preservative, 4s 6d. Fowl wheat, 4s 3d: seconds, 3s Od. Partridge peas, 4s 6d. Maize, ss. Kibbled maize, 6s. ! Oats: A Gartons, 2s 6d; 8,-2s 3d. Crushed oats, 9s 6d; Cross Keys oatmeal, I 10s. , Chick food, 1001 b, 17s 6d. Acorn but- ! termilk powder, 3d. Bran, £5. Pollard, £6. Chaff, b. 0.5., £4. Straw . wheaten, £2 10s. Oatmeal, £l9. Clover hay, £4 10s. Per Pair.—Poultry: 119 hens at 4s to Bs, 115 cockerels at 4s to 10s 6d, 46 ducks at Cs 6d to 7s Bd, 25 pullets at 7s to 7s 8d per pair: 5 turkey hens at B_d to 9d, 5 gobblers at BJd to 9d per lb. REILLY'S CENTRAL PRODUCE MART, LTD., Moray place, Dunedin.

MINING NEWS BELL-HOOPER RETURN (Per Uniteu Press association.) CHRISTCHURCH, September 16. The Bell-Hooper Cromwell Gold, Ltd., return for the week was 31oz 6dwt. BRIAN BORU . RETURN 'Pes United Press Association.) GREYMOUTH, September 16. The Brian Boru Dredge return for last week was 17oz lOdwt for 106 hours dredging. BIG RIVER STRIKE The Dunedin Stock Exchange has received a telegram from the secretary of the Big River Mines, Ltd., announcing that a reef has been intersected in new unexplored country in No. 4 level, north drive. The lode is now five feet wide without disclosing the hanging wall. The stone is carrying good visible gold and looks promising. RECORD GOLD PRICE The recent high values of gold were reflected in a record price for a parcel from Australia sold in London on August 30. The transaction was on behalf of the Port Kembla branch of the Electrolytic -Refining and Smelting Company, Ltd., the return to the seller in Australian currency being £8 12s Id an ounce fine. This is the highest price sever returned to an Australian seller of gold. KUALA KAMPAR DIVIDEND A dividend of 3d sterling a share, payable on September 27, has been declared by Kuala Kampar Tin Fields, Limited, Malay States. Shares are 10s paid. The last dividend, also of 3d a share, was paid in March. GOLCONDA MINES REPORT The mine manager reports as follows: During the week the following work has been carried out: —Driving was continued on the hanging wall portion of the main reef. The mineral baud is veering away to the left, and the course of the drive is nearly parallel to the slide, which is in the footwall side about 15 or 20 feet. We put a small cross-cut out into the hanging wall, and there, is about 18 inches of quartz showing, composed of mineral and bluish white quartz. Further in from the mineral seam there is a fair amount of water coming from it. If the quartz keeps on the same course it will junction with the reef that we discontinued driving on in the old hanging-wall cross-cut. On the drive on the reef since we picked the quartz up we have been driving in nearly a semi-circle, and that is the reason why we have not yet cut the main slide. This is apparently tyhat occurred according to the plan of the Old Cambria workings when they got their patch. ' BIG RIVER REPORT The Big River report for the week ended September 13 is as follows: No. 3 crosscut: Distance driven seven feet. Distance from south drive 217 feet. Distance from shaft 414 feet. The country is still hard. No. 3 stopes: Four men stoping below No. 3 south level. Stone two feet six inches wide. No. 4 north drive: Three hundred and eleven feet from" shaft. Advanced 10 feet on reef track. Cut reef three feet wide carrying gold. A most promising discovery. No. 1 level: The drive on the fault line holed into old workings. Prospecting operations will be continued from these old workings. A later note states that the reef in No. 4 north drive has widened out to five feet without disclosing any hanging wall, and that gold can be seen in stone in all parts of the face. TASMANIAN MINE TO REOPEN The Tasmanian Mine, once the greatest gold-producing mine in Tasmania, which ceased operations 20 years ago, is to be reopened in the near future. It is Stated that a new company has been floated in London, with £200,000 capital, and that additional leases in the Beaconsfield area have been reserved for a new English company. The Premier of Tasmania, Mr A. G. Ogilvie, said recently that the requests of the London promoters for electric power at the cheapest possible rate would 1 be given every consideration.

COTTON. RUBBER. ETC. ' (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, September 15. (Received Sept. 16, at 6.30 p.m.) Friday's closing prices are as follows: Cotton: Spot, 7.10 d per lb; October, 6.83 d per lb. Rubber: Para, 5Jd per lb; plantation, smoked, 7|d. Jute: September-October delivery, £l4 5s per ton. Copra: September-October delivery, South Sea, £7 15s; smoked, £6 17s 6d; plantation, Rabaul, £8 17s 6d. Linseed oil, £1 Is per ton. Turpentine, 41s 3d per cwt. RABBIT MARKET (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, September 15. i (Received Sept. 16, at 6.30 p.m.) There is no demand for rabbits owing to the hot weather. First large, ex store, are nominally worth 16s 6d. SALE OF LEASES i N, and E. S.. Paterson, Ltd., report having submitted by public auction at their rooms on Saturday on behalf of the Dunedin City Corporation, nine corporation building leases. These were disposed of at the upset prices to the present lessee in each case. MERCHANDISE MARKET The Port Whangarei arrived at the week-end with a cargo of sugar. The next sugar boat will be the Kiwitea, due on the 20th. An advance of 20s per ton has taken place in the price of English bulk cornflour. , A further small shipment of seeded lexia raisins, in 12oz and 16oz packets, has reached the market from Australia. Merchants have received documents for Eastern produce ex the Narbada, due to arrive towards the end of the month. The sago, tapioca', and Indian lentils on this vessel will snow merchants.a much higher landed cost. The Narbada will also land full supplies of Singapore pineapples. The Rotorua, which is due on September 19, will bring several lines- of Morton's manufactures. Advices from the East indicate a higher landed cost in the price of shelled walnuts. Some merchants report being short of supplies to carry them over till the new season's walnuts arrive, probably about the end of December. Beehive safety matches have been reduced in price. These matches are made up in Wellington. • Kellogg's whole wheat flakes, a new line, has made an appearance on the market. It is reported that there will be a short pack of pink and sockeye salmon, and that higher prices must be expected. It is also reported that stocks of these two lines are getting into short compass in merchants' hands. The new season's pack should reach.here towards the end of November or early in December. Bulk white pepper and ground ginger have been advanced in price. Tinned are unchanged. Stoned dates are getting into short compass. Advice regarding the arrival of the vessel carrying the new season's dates states that it will not reach here from Busra. via Australia, till the end of December—too late to meet the Christmas demand. JAPANESE WOOL BUYING Mr T. Nagai, wool department manager of the Nippon Wobllen Textile Company, Ltd., Kobe, is reported to have stated at Brisbane that Japan had no intention of curtailing wool buying in Australia as retaliation to England's attitude toward Japan's cotton exports to Great Britain. He believed that Japan would be in the market for at least an additional 100,000 bales over last year's purchases. Increased' purchases, however, depended on prices. There would have to be a substantial drop on the previous year's values before Japan would enter into heavy buying.

(Received Sept. 16, at 6.30 p.m) V.Z. SHEEP— -; 00 i-H Canterbury and North a +3 ft "S Island selected cross02 02 OQ bred •wethers and (Per lb.] I maiden ewes: d. d. d. 48-561b .. ..'-'.. .. 51 Si Si 65-721b .. 5 North Island: Si 5| Si 57-641b ..... .. .. 5J 5J 65-721b .. .. '.. "... 51 51- — North Island ewes: Under 481b 48 41 41 4. 4 «?i 65-721b .. 31 31 . — : AUSTRALIAN SHEEP- . First quality .crossbred and/or merino wethers: 40-651b 41 41 4 Second quality: 30-&51b H H 41 Ewes: 30-551b 4 4 35 ARGENTINE SHEEP— First quality crossbred . wethers: 48-641b 5 •': ' 5 — 65-721b 41 ■; 41 ■ — PATAGONIAN SHEEP- _ Wethers and/or maiden ewes: Under 501b ...... .. 4} 41 — 50-60lb .. .. .. .. a ' ' 41- — Ewes: ! 40-501b '/■— '■- — — ARGENTINE LAMBS— First quality: 361b and under .. ,'6i 6? 6§ Second quality: Average about 281b .. 7 7 — PATAGONIAN LAMBS- _ First quality: S6ib and under .. .. 6$ 61 — 37-421b 6 6 61 Second quality: Average about 281b 6| «i 61 N.Z. LAMBS— ,'.•• Canterbury: • First quality: , 361b and under .. .. 71 7i — 37-421b .. -.. .. .. 65 65 — 43-501b .. .... .. 61 6i 61 'Second quality: Average about 321b 6| 61 — Other South Island: 381H and. under .... 7* 7* — 6* es — 4S-501b .. .... .. 61 6 * 61 1 Selected North Island, Downs: 3611)' and under .. .. 71 71 — 37-421b .. 6$ 6§ — 61 6fv, 61 • Second quality: Average;about 321b ... 61 6| 61 Other North Island: \ First quality: 361b ancf under • .. .. 7 '7 — S7-421b ...... .. 6J 61 — Second quality: Average about 321b .. 61 er H s AUSTRALIAN LAMBS— ' Victorian: First quality: 361b and-under .. '■ .. ■ es 01 ' — 6i 61 Second quality: . 361b and under •■* .. 6J 61 6 Qther States: ; First quality: ■■• 361b and under .. 63 6i 6 61 61 6 Second quality: 361b and under .. 6i 61 51 All States: '■> Third quality: Average about 261b 6J 61 6i f N.Z. FROZEN: BEEF— Ox forj&'ltimteOlb) w ■2t? 2| — Ox hindf'(160-2201b) .. 3f 31 — AUSTRALIAN FROZEN BEEF— Ox binary (1601b and under)*f#';. ...... .si" 3fi .—. Oxhinds* (o>« 1601b) ..■., 3i 31 —. Ox crops ; (1001b and Ox cropsTover 1001b) .. n 21. —' n 2g — " ARGENTINE CHILLED . '" BEEF— , Ox fores (160-2201b) .. n 3 i ; 6 * 25 ' . Ox hinds (l60-220lb) .. » 51 N.Z. PIGS— First quality: 60-801b ........ 62 71 7 61 7 6| 101-1201b .. 6i 6| 6| AUSTRALIAN PIGS— First quality: \ 60-1001b'■•• (average about 64 6| 7 65 «l 61 LONDON METAL MARKET (United Press Association.) ', (By Electrlo Telegraph --Copyright.» LONDON, September 11 (Received Sept. 18. at 0.30 p.m.) 5*e following are the official metal Quotations !— Ton. - Copper, spot .. .. 427 C 10% Fall £0 1 10% Copper, forward .... 27 11 10% Fall 0 1 3 Electrolytic, «pot.. .. 30 5 0 No change Electrolytic, forward .. 30 15 0 No change Wlra bars ... .. t . SO IS 0 No change 0 No change lead, forward .. ,10 10 0 No change Spelter, spot .. .. 12 11 3 No change Speltefc forward.. .. 12 13 9 No change 0 Fall 0 11 8 Tin, forward .. .. 227 3 9 Fall 0 3 9 Fig Iron, borne trade 3 7 0 No change Pig Iron, export .. 3 .2 8 No change Antimony, British .. 44 10 0 No change Antimony, foreign .. 32 10 0 Rise 1 10 0 Unit. 6 No change Oz Silver, standard .. .. 21 11-1 0 Rise 0 0 8 6d No change No change

BANKING. Buyers. Sellers. £ s. d. £ s. d. Australasia .. 11 14 0 — New South Wales 31 10 0 — New Zealand ;. 2 8 2 2 8 6 New Zealand (long D) 1 14 0. — E.S. and A. Bank 5 5 0 '__ National, "of N.Z... 3 13 6 — (5 8 9 6 , 9 6 INSURANCE 1 0 0 __ New Zealand.. .. 3 5 0 — 3 7 0 — SHIPPING. Howard Smith ,.. _; . _ 0 16 3 Huddart, Parker (ord.) ...... --— 1 14 0 Huddart, Parker 1 8 0 — U.S.S. Co. (pref.) 1 6 9 — COAL. Kaitangata .. 1 1 0 _ 0 19 0 — LOAN AND AGENCI' Goldsbrough, Mor.t National Mortgage 1 10 0 1 10 9 — 3 1 0 N.Z. Guarantee Corporation 0 4 9 — Perpetual Trustees 3 0 0 — Wright, Stephenson (ord.) — 0 18 6 MEAT PRESERVING Canterbury Meat Co (pref.) 5 12 0 — N.Z. Refrigerating 0 19 6 — N.Z. Refrigerating 0 9 3 — South. Eroz. Meat 3 11 0 _ South. Eroz. Meat 1 15 0 __ South. Eroz. Meat (pref.) .... .. 3 11 0 . — South Otago Ereez. 6 4 0 — Waitaki Farmers' Freezing .. 2 7 0 3 10 0 MISCELLANEOUS. Associated News 1 4 0 : Broken Hill Prpy. 2 9 6 • — Brown, Ewing 1 1 0 . _ Bruce Woollen .(ord.) ... .. ... . 0~13 3 __ Bruce Woollen 1 1 0 Crystal Ice 1 17 0 2 2 0 D.I.C. (pref.) .. 1 5 0 —. Dominion Fertiliser 1 0 0 1 0 3 Dominion Fertiliser (debs.) .. .. .. ] 102 10 0 Dominion Rubber 1 9 6 1 11 0 Dun. Kaik. Trams 1 17 0 Stock Exchange Proprietary 2 0 0 —_ Dunlop Perdriau it 1 0 3 _ Milburn Lime... .. . 1 17 0 .. —- Mosgiel Woollen, 10 15* o. •'■';i"-^. ; Mount Lyell.... :'i. r lff 3 ' ' -1-'' National Electric 0 7 6 0 8 9 N.Z. Drug Co. ... 3 18 6 _ N.Z. Newspapers •• 1 12 0 ■ i N.Z. Paper, Mills ; Regent Theatre .... 1 ,11 6.1 '•. —— 0 17 6 0! 19 6 Smith and' Smith' . , ', ' ; ;'.';:'ti {pref.)■.".'. V.lv.. 0 18 0 , "' ;v Li'' Wilsons Cement .. 1 10 0 __' Wool worths: (Sydney) .. ,-.;'•• .'. .'. 3 14 6 — Woolworths (ord.) 7 10 0 — Sun Newspapers ERIES P 4 2 BREW N.Z. Breweries .. 2 7 3 1 8 0 _ Toothd 2 5 0 — . OIL. Moturoa (ord.) .. — 0 4 0

MINING 0' 1 0 Bell-Hooper .. .. ' 0 0 4 0 0 6 Bell-Kilgour .. — 0 0 4 Bedigo Goldlight Big River .. 0 0 11 0 1 0J0 1 6$ 0 1 9 Blackwater 1 12 6 Central Shotover — 0 0 10 0 1 n 0 1 10 Golden Dawn 0 2 i — Golden Point 0 0 2 0 0 4 Golden Progress 0 1 0 0 1 3 Goldfields Dredging 0 0 11 0 1 0J 0 1 o — 0 1 10 0 2 1 King Solomon 0 3 9 0 4 1 Lawson.V Flat — 0 0 6 Maerewhenua — 0 ,0 6 Mahakipawa .. 0 0 n 0 0 Hi Mining House Concessions — 0 0 4i Moonlight-Nelson — 0 0 5 0 4 0 0 4 1 0 8 G 0 9 0 0 o 7 — Waihi — 1 IS 6 Waihi Grand Junction .. .. 0 4 1 — 0 4 3 ,— Wetherstonea 0 0 8 0 1 3 Sandhills 0 0 5 — Stafford — 0 1 4J

GOVERNMENT LOANS. 3£ p.c. Stock, 19381943 108 0 o . — 3J p.c. Stock, 19391943 108 0 0 — 3J p.c. Stock, 19411943 108 0 0 — 3£ p.c. Stock, 19381952 108 0 0 — 31 p.c. Stock, 19391952 108 0 0 — 3J p.c. Stock, 19411952 108 0 0 — 4 p.c. Bonds, Jan. 15, 1940 107 15 0 — 4 p.c. Stock, Jan. 15, 1940 .. .. .. 107 15 0 — 4 p.c. Bonds, Eeb. 15, 1946 107 15 0 — 4 p.c. Stock, Feb. 15, 1946 107 15 0 — 4 p.c. Bonds, April 15, 1949 ..*.. .. 109 5 0 — 4. p.c. Stock, April 15, 1949 109 5 0 — 4 p.c. Bonds, June 15, 1955 110 0 0 — 4 p.c. Stock, June 15, 1955' 110 0 0 —

ON NEW ZEALAND CURRENCY BASIS Tli8 Bank of New South Wales, Dunedln, quoted the following rates for their purchases and sales of foreign exchange on Saturday:— last:— Buying. Selling. Franco— Francs to £1 N.Z. T.T. 60.96 59.66 O.D. 61.26 59.71 Noumea— Francs to CI N.Z. T.T. 61.91 58.91 O.D. 62.31 58.96 Papeete— Francs to £1 N.Z. T.T. 61.91 58.91 p.D. 62.31 5S.96 Belgium— Belgas to £1 N.Z. T.T. 17.30S 16.608 O.D. 17.408 16.623 Germany— lteichsmarks to £ 1 *• N.Z T.T. — 9.763 O.D. — 9.768 ItalyLire to £1 N.Z. T.T. — 45.70 O.D. — 45.74 Switzerland — Francs to £1 N.Z. T.T. 12.399 11.999 O.D. 12.474 12.009 Holland— Florins to £1 N.Z. .. .. T.T. 6.004 5.754 O.D. 6.054 5.758 Java— Florins to £1 N.Z. .. .. T.T. 5.959 5.734 ,O.D. 6.009 5.738 Japan— ' N;Z. Pence to 1 — 18 3-32 Shanghai— N.Z. pence to 1 dollar .. .. T.T. 20 7-10 21J O.D. 20 5-16 21 11-16 India and Ceylon— N.Z. pence to 1 rupee • T.T. 22 5-16 22 21-32 O.D. 22 3-16 22 19-32 Hong-Kong— N.Z. pence to 1 dollar .. .. T.T. 22 15-16 24 O.D. 22 3-16 22 19-32 Singapore— N.Z. pence to 1 dollar .. .. T.T. 34 13-32 35 11-32 O.D. 34 9-32 35 9-32 T.T. represents Telegraphic Transfers. O.D. represents on* demand transactions. The above rates are subject to alteration without notice. " SYDNEY STOCK EXCHANGE