COMMERCE AND FINANCE

Otago Daily Times, Issue 22713, 28 October 1935, Page 14

COMMERCE AND FINANCE

LOCAL AND OVERSEAS MARKETS

LONDON MEAT MARKET (United Press Association) (By Electric Telegraph—Copyright) LONDON. October 20. (Received Oct. 27, at 9 p.m.)

LONDON MARKETS (United Press Association) (By Electric Telegraph—Copyright) LONDON, October 26. (Received Oct. 27, at 6 p.tn.) Friday’s closing prices were as follows: — „ „ , ' Cotton. —Spot, 6.47 d per lb; November, 6.14 d. • > . Rubber.-—Para, 52d; plantation smoked, 6 7-16 d. Jute. —October-Noveraber, £l9 2s 6d. Copra.—November-December South Sea, 12jd; smoked, ll|d; plantation Rabaul, 13id. Linseed Oil. —£27 15s. Turpentine, 4Cs 9d.

THE SHARE MARKET DUNEDIN STOCK EXCHANGE Contributing New Zealand Refrigeratings were disposed of at lls on the Dunedin Stock Exchange on Saturday raorning, a final buyer at 10s lid being 3d below sellers’ requirements. Nokomais were sold at Is, but no further quotations were received for these shares. Ordinary Brown, Ewings were inquired for at 15s, ex dividend, but sellers were not interested. The preference issue was also in demand at £1 Is, ex dividend, without sellers coming forward. _ Ordinary Woolworths shares were inquired lor at £5 10s, but no response was received from sellers. New Zealand Brewexies were inquired for at £2 12s 9d, but sellers were reticent. Buyers of Mount Lyells were prepared to give the slightlyimproved price of 19s 3d, but sellers would not accept less than 19s 9d. Mount Morgans were inquired for at £1 16s 3d, but sellers would not do business under £1 17s 3d.

NORTHERN EXCHANGES AUCKLAND Sales on 'Change £ s. d. Govt. Stock, March, 193943, 3J p.c .. .. 102 10 0 Bank of New Zealand .. .. 2 10 9 Broken Hill Pty. (2) .. .. 215 0 Westport Coal 12 0 Unlisted Stocks Woolworths (Sydney; ord.) .. 510 0 Molyneux Dredging .... 021 WELLINGTON Sales on 'Change

THE WHEAT MARKET (United Press Association) (By Electric Telegraph—Copyright) NEW YORK, October 26. (Received Oct. 27, at 6 p.m.) Chicago Wheat.—December, 98*2 cents; May, 98 J cents: July, 98;} cents; New York cash. 1323 cents. RABBIT SKIN MARKET (United Press Association) (By Electric Telegraph—Copyright) LONDON, October 26. (Received Oct. 27, at 6 p.m.) Rabbits. —First large, ex store, 17s 6d, 18s. TREASURY BILLS (British Official Wlreless.l (United Press Association) (By Electric Telegraph—Copyright) RUGBY. October 25. The total amount applied for in tenders for £40,000,000 of Treasury bills was' £06,695,000. The average rate per cent, for bills at three months was Us 9.24 d, against 12s 10.18 d a week ago. DAIRY BOARD’S PRICES (Per United Press Association) WELLINGTON, October 26. The Dairy Foard has fixed the prices on a basis of butter 13d, cheese s#cl; equivalent to 104 s 4d and 47s lOd, c.i.f.c* MERCHANDISE MARKET Supplies of new season’s figs are expected about the middle of next month. These will be transhipped at Melbourne from the P. and O. steamer Bendigo. Advice from Singapore states that the market for pineapples shows a further advance. A part of the increased cost is due to the advance in the price of tin. Cabled advice from Ceylon states that the market for coconut is very erratic, prices advancing and receding. Stocks of tinned peas are getting into short compass in merchants’ hands, ihe late season for peas in the local gardens has caused an increased demand for the tinned article. , , One of the New’ Zealand packers ot and crystallised cherries advises an increase in prices. l . Everest soap powder is now being marketed in smaller packages. . Lines of cigarettes are being ottered in a Christmas packing for delivery in November. , The next sugar boat is the Wmgatui, due on October 1. Further shipments of prunes are expected by the Innaren, from .Pacific Coast ports. The Hauraki and the Wairuna will also bring supplies. _ The Innaren will land a line of Canadian onions, the local prices for which are easier.

OVERSEAS TRADE IMPORTS AND EXPORTS COMPARATIVE FIGURES (Per United Press Association) WELLINGTON, October 26. The following are the overseas trade figures, excluding specie, for the month of September, 1935 (New Zealand currency), together with the figures for September, 1934 and 1933:1935. 1

FOREIGN EXCHANGES (British Official Wireless) (United Press Association.) (By Electric Telegraph—Copyright.l

SOUTHLAND STOCK REPORT (From Our Own Correspondent) INVERCARGILL, October 26. The stock market is firm for all classes and values remain much on a par with }ast week’s report. Fat cattle are offering in about the same numbers during the week as the previous one, and values are firm at late rates. Fat sheep arc coming to hand in fairly large numbers and values during the week eased slightly. The store sheep market is firm with a good demand for all classes. The store cattle market is somewhat better, and with the prospects of food coming away values should improve. Fat Cattle. —Prime heavy bullocks, £lO 10s to £18; prime medium-weight, £l2 10s to £l4; lighter, £9 10s to £lO 10s; unfinished, £8 to £9; prime heavy cows, £lO to £l2 10s; medium. £7 to £8; lighter, £5 to £6; prime heavy heifers. £lO to £l2; prime medium-weight, £8 10s to £9 10s; medium, £6 10s. to £7 ss; lighter, £4 <o £5; vealere, £1 to £1 10s; runners. £2 10s to £3 15s. Fat sheep.—Prime heavy woolly wethers, 33s to 365; prime medium-weight, 30s to 325; lighter, 27s to 28s 6d; prime heavy woolly ewes, 32s to 345; prime medium-weight, 28s to' 20s; lighter, 24s to 255. Store Sheep.—Romney ewe hoggets. 30s to 325; medium, 27a to 28s; Romney wether hoggets, 18 s to 20s; medium. 16s to 17s; aged ewes and lambs, all counted, 12s to 14s; poorer sorts, 8s to 10s, Store Cattle. —Three to four-year bullocks, £5 15s to £6 10s, two and three-year. £4 10g to £5 ss; yearlings, £1 10s to £2 10s. TEA REPORT COLOMBO AND CALCUTTA. At the weekly sale of Ceylon tea held at Colombo on October 22, 1,750,0001 b weight was placed under offer. The result of the sale showed that commonest to common kinds were without much change, others rather dearer, especially gopd sorts. Quality was generally slightly inferiof. Actual price alterations showed a firm market on commons, a reduction of id per lb on Price Broken Orange Pekoes due to quality: an increase of id on plain 8.0.P.’5, and an advance of 4d per lb on first classic broken Pekoes and fine broken Orange Pekoes. Next week’s sale is expected to total 1,500,0001 b. A report on the Calcutta sale held on October 21 shows that the quantity offered came to a total of 2,900,0001 b weight. Quality showed an improvement and the result of the sale showed that the market wag barely steady and prices unchanged. LONDON PRODUCE MARKET The Bank of New Zealand has received the following advice from its London office, dated October 25: — Frozen Meat.—For wethers demand and prices are steady. There is a moderate demand for ewes, while prices are a shade lower. The lamb market,is rather' easier. Wethers, light, 4Jd to s|d per lb; wethers, heavy, 4id to 4i|d per lb; ewes, to 3id per lb; lambs, twos, 7|d to B|d per lb; lambs, eights, 7-« d to B|d per lb; lambs, fours, 7id to 73d per lb; lambs, seconds, 7ad to 73d per lb. FRUIT AND PRODUCE WORLD Reilly’s report selling;— Per Dozen.—Spring cabbage, 2s 6d. Cauliflowers, 2s to 4s (id. Cucumbers, Ss to 12s. Lettuce: Large hothouse, Is 6d to 2s 6d; outside-grown, Is to 2s; small, Od. Spinach, Is to Is 4d. Eggs: Storekeepers’, lOd; guaranteed, lid. Narcissi: Poeticus, 3s to 4s; Tulips, Cs to 12s, Lily of the Valley, Bd. Asparagus: Christchurch, 4s 6d to 6s 6d; Outram, 12s 9d. Each. —Knapsack sprayer, £4 15s. Champion egg crates, 24 dozen, 17s fid. Bushel and American Cases.—Apples: Choice Delicious, 8s to 10s; Jonathans, 8s Gel; Stunners, 7s to 10s fid; Tasmas. 8s; Rome Beauty. Statesman. Ballarat, 9s; smaller grades, 4s to 6s. Pear: W. Cole, 8 to 11s; Easter Buerre, Bs. Californian lemons, 555. New Zealand lemons, 5s to Bs. Australian oranges, 16s to 23s 6d. Pineapples, 18s to 21s. Bananas, ripcs, 23s 6d. Californian grapes: Emperors, Malagas, 25s 6d, Per Lb. —Whitebait, Is Od. Peanuts, 4d. Walnuts, 6d. Tea: Orange Pekoe, 2s od. Butter: Storekeepers’, lOd to lid. Bacon: Prime, lid. Kurnevas, 2d. Porker and bacon pigs, 6d; over-weights, 3d. rhubarb, Id. Cultivated mushrooms, 8d to lOd. New potatoes: Pukekohe, 31d; locals, Bd. Christchurch tomatoes. Is 9d to 2s 3d; local tomatoes, 2s Bd. Green peas, 4jd to sd. Beeswax, Is Id. Per Cwt. —Old potatoes, 10s to 12s. Californian onions, 27s 6d. Oyster grit, 6s 6d. Woodwool, 265. Carrots, 10s. Parsnips, 12s. Coconuts, 14s fid per sack. Olive oil, 12s gallon. Giraffe lime eul phur, barrels. Is Od. Semesan and Granosan: 2oz 2s 3d; Boz, as; lib, 8s; 251 b, 150 s. Blackleaf “40”: British, 101 b, 455; 51b. 20s: 11b, 8s fid; Mb, 4s fid. Restar grass grub extremiuator, 4gallon, 3s Od. Patent codlin moth tree bands, 200 ft lengths, 17s fid. Prepared white oil, ss. Arsenate of lead paste, 9d to Is 3d; powder, Is to Is Od. White oil, 4s; red oil, 5s fid.^ French Bordeaux, Is Id. Wood preservative, 4s od. Strawberry pottles: Star, 635; Jubilee, fils fid; crates, 0s fid. Powdered charcoal, 4 cl. Granulated charcoal, 4d. Fowlwheat. first grade, 5s Partridge peas, 7s. Maize, 5s fid. Kibbled maize, (is Oil. Oats: A Gallons, 3s 9d: B. 3s 3d. Palmer's Chickfood; 10s. 2s 3d; 255, 5s od; 50's, 10s; 100’s. 18s (id. Crushed oats, 9s fid. Crosskeys meatmeal, 15s. Buttermilk powder, 3d. Bran, £5 10s. „ Straw: Wheaten, £3; oaten, £3 10s. Oatmeal, £l9. Hay, £5. Chaff: 8.0.5., £5. Pollard, £0 15s. Manuka stakes, 12s hundred. Per Pair.— Poultry: 220 hens at 2s 2d to fi« 4d, 4 bantams at 2s to 3s; 43 cockerels at 3s fid to 7s; 7 pullets at 4s fid to 5s 2d; chickens, 05 at Od to 8d; geese, 2 at 8s; ducks, 6 at fis 2d per pair; 1 hen and 10 chicks for 10s fid; 1 hen and 10 chicks for 11s Od; 1 hen and 10 chicks for 12s. Turkeys, 2 at 8d per lb. REILLY’S CENTRAL PRODUCE MART, LTD., Moray place, Dunedin.

BUTTERWORTH’S BUILDING PREMISES CHANGE HANDS BOUGHT BY PATERSON AND BARR. A property sale of more than usual importance in the city took place on Thursday last, when the premises known ns Butterworth’s Building were sold by tho liquidators to Messrs Paterson and Barr, Ltd, It is the intention of this firm to convert the building into a modern wholesale and retail hardware shop, combining their two present establishments in Princes street and Vogel street into one. The plans of the necessary alterations have not yet been prepared, but it is understood that the firm intends to take over as soon as possible. LONDON METAL MARKET (United Press Association.) (By Electric Telegraph—Copyright)

ON NEW ZEALAND CURRENCY BASIS The Bank ot New South Wales. Dunedin quoted the following rate%> for purchases and sales of foreign exchange on Saturday;—

DOLLAR RATES I'he Associated Hunks (uthei Hum me Bank of New Sontli Wales) quoted the following dollar rates on Saturday on a New Zealand currency basis. They are subject to alteration without notice U.S.A. Canada (per £1 (per Cl N.Z.) N.Z.I Selling— dels. dois ' 3.931 3.991 0.1) 3.94 J 3.99| Buying—--0.1) 30SJ 4.044 DAIRY PRODUCE The New Zealand Loan and .Mercantile Agency Company, Ltd., has received the following cablegram from its London house, under date October 23: New Zealand choicest salted butter, 112 s per cwt; market extremely quiet. Cheese: 59s to 60s per cwt; market slow. CHINESE WALNUT MEAT Chinese shippers of walnut meat have made business a little awkward in New Zealand by that orders must consist of equal quantities of white and light amber grades. The demand in New Zealand for white is extremely limited, and the difficulty will be to supply the required quantities of light amber without insisting on the more expensive grade being taken as well.

MINING NEWS WORKSOP EXTENDED (Peis United Peeks Association) REEFTON, October 26. The Worksop Extended return was 670 s for 137 hours (10,656 yards). MAORI GULLY RETURN (Per United Press Association) GREYMOUTH, October 26. The Maori Gully return was 540 z 14dwt for 131.} hours. ' GOLDEN SANDS RETURN (Per Press Association) GREYMOUTH, October 26. The Golden Sands return was 20oz 4dwt for 30 shifts of eight hours. MOSSY CREEK RETURN (Per United Press Association) GREYMOUTH, October 27. The Mossy Creek dredge return was 320 z Idwt from 10,536 yards in 136 hours. The dredge will be laid up this week for the relipping of buckets and general overhaul. GLENROY GOLD, LTD. The secretary of the Glenroy Gold, Ltd., reports that the wash-up for 61 hours’ sluicing resulted i» a return of 17oz of gold. BIG RIVER GOLD MINES, LTD. The following is the report of the Big River Gold Mines Company for the week ended October 24; — South Stopc.—Milling is almost completed. The quantity of stone available here is becoming limited. Winzes. —The north winze has been sunk 3ft, making a total of 36ft. The stone is the full width. South winze: Sunk 4ft, total 59ft. Stone broken. North Level. —This has been advanced 7ft. The stone is Ift 3in wide. Shaft. —The staging has now been fixbcl at tlie 101 ft mark. This is 16ft above the plat of No. 5 chamber. Battery.—Twenty tons of stone were sent to the battery. SKIPPERS. LIMITED The secretary of Skippers, Ltd., reports that advice, has been received from tho mine manager that a wash-up had taken place on Thursday, which resulted in 120 oz Odwt of gold. The area worked was approximately 300 square yards, and the time of actual paddock work was approximately 10 days. This 300 yards represented ground previously worked by the old miners. EMPEROR MINES, LIMITED Results of the first crushings made by Emperor Mines, Ltd., since it was formed into a public company are announced by the directors. In the four weeks to October 5 the mill treated 365 tons of ore (dry weight) for . a yield of 3600 z of line gold. It was stated in the prospectus that the mill was treating little more than 100 tons of ore’ a week, and to the date of the visit of Mr T. K. Victor, who reported on the property, 1603 tons have been treated for 12950 z of fine gold, which gave an average return of 15.5dwt a ton. The return from the latest crushing of nearly an ounce a ton discloses that so far the results are well above the average values reported in the prospectus. GREY VALLEY COAL NO DIVIDEND PROPOSED. The directors of Grey Valley Colleries, Ltd., report that the balance transferred from the profit and loss to the appropriation account ia £6485 13s 2d, which, together with the credit balance of £258 12s 6d brought forward from the previous year, makes a total credit of £6744 5s fid. Full provision has been made- for depreciation and taxation, these amounts totalling £5500, and it is recommended that of the balance £1244 5s Bd, the sum of £IOOO be transferred (o the general reserve and £244 5s 8d be carried forward to next year’s accounts. In view of the fact that the output for the year was 45,034 tons, the directors do not think it prudent to recommend the payment of a dividend at the present time; but they look forward to the better trade conditions now being - experienced resulting in the company’s turnover increasing and allowing of a declaration next year. The plant and equipment generally are reported in first-class order and condition. They are being augmented and improved consistently, and full provision has been made for future development. BRUCE WOOLLEN COMPANY. LTD. The annual report of the Bruce Woollen Manufacturing Company, Ltd., to be presented at the annual meeting on November 11, states: — The past year has been a most difficult one, caused by the lack of confidence by buyers on account of the substantial drop in wool following the previous year’s abnormal increase in the same commodity. Notwithstanding this fact, your directors are pleased to be able to report that the continued demand for the company’s productions, after making the usual provisions, and writing ott £4OOO for depreciation on plant and premises, has enabled them to show a credit balance (including £IOB3 10s 7d carried forward from last year) of £6384 13s 2d. From this sum your directors recommend that the dividend on preference shares, amounting to £2BOO, and that a dividend of 3 per cent, on ordinary capital, amounting to £3OOO, be paid, and that tlje balance be carried forward. The dividend, if approved, will be payable on November 20.

The retiring directors are Messrs P. M'Skimming and E. Moore, who are eligible for re-election.

N.Z. SHEEP— OO pCanterbury and North Island selected crosso o 6 bred wethers and {Per lb.) maiden ewes: d d. d Under 48ib 3j 5J 53 48-561b .. 4-i 45 6 57-641b 4 A 4 A 45 6u-721b 4* 43 43 Ewes: Under 481b — — — 48-641b .. 3 3 3 65-721b 2 5 25 25 North -Island: 45 57-G4Ib 4 A 45 65-721b 41 43 43 AUSTRALIAN SHEEPFirst quality crossbred and/or merino wethers; 40-641b 3J 33 31 Second quality: 4 31 30-551b 3g 3| Ewes: 2C-551b H si 33 ARGENTINE SHEEPFirst quality crossbred wethers: 48-641b 45 45 45 65-721b 4 4 4 PATAGONIAN SHEEPWethers and/or maiden ewes: 33 Under 501b 07 33 50-601b .. •. .. .. 3? .31 31 -Under 501b 3& 35 3S Ewes: 40-501b .. — — — ARGENTINE LAMBS— First quality: 73 361b and under 73 75 37-421b 7 75 n Second quality: Average about 281b W 7 7 PATAGONIAN LAMBSFirst quality: 63 63 361b and under — 50-601b — — — Second quality: 6J 65 Average about 301b G| N.Z. LAMBS— Canterbury: First quality: 8 361b and under 75 8 37-421b n 8 8 43-501b H 73 73 Second quality: 73 Average about 32lb 73 73 Other South Island; 8 8 85 301b and under .. .. 37-421b •• 75 8 Si 43-501b -• •• 73 71 74 Second quality: Average about 321b ... — — Selected North Islapd, including Downs: 8 8 8 73 361b and under .. . • 8 37-421b .. ...... 43-50lb -. • • • • • • 8 71 8 74 Second quality: 7i 71 Average about 301b .. Other North Island: 71 First quality: 73 75 361b and under .. •• 75 37-421b •• •• Vi 75 75 Second quality: 75 71 73 Average about 311b . i AUSTRALIAN LAMBSVictorian; First quality: 361b and under .. •• — 37-421b — ' Second quality: 361b and under .. .. — Other States: ' First quality: 7-i 75 361b and under .. •• 37-421b 71 73 7*5 74 Second quality: •74 73 36lb and under .. 7 All States: Third quality: 63 361b and under .. •• 7 N.Z. FROZEN BEEF— 21 25 3 S * Ox fores (145-2l01b) .. 25 31 Ox hinds (145-2101b) .. dl AUSTRALIAN FROZEN BEEF— Ox crops (1001b and under) .. .. •• •• Ox crops (145-210lb) .. 23 24 2-3 Ox hinds (145-2101b) .. 33 Ox hinds (over 1601b).. — — N.Z. CHILLED— Hinds — 5 Fores .. • • , • • • • — 25 AUSTRALIAN CHILLED— 55 55 Hinds >• — Crops ’ ■ UNION OF SOUTH AFRICA CHILLED— 53 53 Hinds — — 23 25 SOl AHERN RHODESIA | CHILLED— 43 41 45 Fores n 23 2-5 ARGENTINE CHILLED BEEF— 25 Ox fores (145-2101b) 3 55 Ox hinds (145-2101b) .. 5| o| URUGUAYAN CHILLED— 55 Hinds 5-i 6 3 Fores 25 24 BRAZILIAN CHILLEDHinds — — N.Z. PIGS— hirst quality: 65 60-S0Ib .. 6 6 81-1001b 55 0 0 101-1201b .. •• •- »5 6 AUSTRALIAN PIGSFirst quality: 65 G 60-801b t) 55-81-100 6 55 101-1201b 5|. 53 6

SALES 02ST 'CHANGE. £ 6. d. N.Z. Refrigerating (cont.) 0 11 0 Nokomai 0 i 0 SALE REPORTED N.Z. Newspapers . 2 0 11 The following are Saturday morning’s buying and selling quotations, which are subject to the usual brokerage : — BANKING. Buyer. Seller. £ s. d. £ s. d. Australasia .. .. 11 2 6 — New Zealand .. .. 2 10 6 2 n 3 Commercial .. .. — 0 16 9 E.S. and A — 5 7 0 Union of Australia, Ltd 9 4 0 — SHIPPING. P. and 0. Deferred Stock 1 1 9 1 3 0 U.S.S. Co. (pref.) 1 7 0 — MEAT PRESERVING. N.Z. Refrigerating (paid) 1 2 0 — N.Z. Refrigerating (cont.) 0 10 11 0 11 2 South Otago Freezing 7 6 0 — LOAN AND AGENCY. Goldsbrough, Mort 1 10 9 — Mortgage Corporation 0 5 4 0 5 6 National Mortgage — 2 14 6 N.Z. Loan and Mercantile (ord.) — 38 0 0 N.Z. Loan and Mercantile (pref.) — 0 5 6 Trustees Executors and Agency ' .. 3 3 0 — Wright, Stephenson (pref.) 1 0 0 — COAL. Westport 1 2 3 1 2 9 WOOLLEN COMPANIES. Bruce (pref.) — 1 2 6 Kaiapoi (pref.) .. 0 19 0 Mosgiel 10 10 0 MISCELLANEOUS. Associated News (pref.) 1 3 6 — Broken Hill Proprietary (exrte.) 2 14 9 2 15 6 Broken Hill Proprietary (rights) 1 0 6 — Brown, Ewing (ord.) «*0 15 0 Brown, Ewing (pref.) **1 1 0 — D.I.C. (pref.) 1 4 0 — Dominion Fertiliser 1 2 9 — * Dominion Fertiliser (Debs.) 105 10 0 — Dunedin Stock Exchange Propty. .. 1 17 0 2 0 0 Dunlop Perdriau Rubber 0 15 6 — Milburn Lime and Cement — 2 5 0 N.Z. Drug Co. .. - 4 0 0 N.Z. Newspapers 2 0 6 2 1 0 N.Z. Paper Mills .. 1 8 0 1 10 0 Otago Daily Times 2 10 9 2 12 0 Regent Theatre .. 0 16 0 0 19 0 Wilsons (N.Z.) Cement .. .. .. 2 1 0 Wool worths (ord.) 5 10 0 — Woolworths (Syd.) — 5 12 0 BREWERIES. New Zealand 2 12 9 — AUSTRALIAN MINING. Electro. Zinc (ord.) 1 11 9 — Mount Lyell .. .. 0 19 3 0 19 9 Mount Morgan .. 1 16 3 1 17 3 MINING. Bendigo Goldlight 0 0 54 0 0 6 Big River .. .. 0 1 10 0 1 1U Gillespies .. .. 0 1 1 0 1 3 Kildare — 0 3 0 Molyneux River .. 0 1 9 — Mount David — 0 1 3 Okarito — 0 5 6 Oxenbridge .. ,. — 0 0 4 Paddy’s Point .. — 0 2 6 Sandhills — 0 0 6 Waihi Investments 0 15 0 — Waipapa Beach .. 0 1 0 — Waitahu 0 2. 8 — Worksop 0 2 2 — Martha 1 0 6 1 1 6 GOVERNMENT LOANS. 34 p.c. Stock, Nov., 1938-52 104 5 0 — 34 p.c. Stock, Mar., 1939-43 103 0 0 34 p.c. Stock, Sep., 1939-43 — 103 0 0 34 p.c. Stock, May, 1939-52 104 5 0 — 4 p.c. Stock, 193740 ’. .. 101 10 0 — • 4 p.c. Bonds, 194346 104 10 0 — 4 p.c. Stock, 194346 104 10 0 — 4 p.c. Bonds, 194649 105 0 0 — 4 p.c. Stock, 194649 105 0 0 107 0 0 4 p.c. Bonds, 195255 107 15 0 — 4 p.c. Stock, 195255 107 15 0 108 10 0 **Ex dividend.

Mortgage Corporation (late Friday) 0 5 6 Southland Meat 3 18 6 N.Z. Breweries 2 13 0 Consolidated Brick 0 9 2 N.Z. Newspapers .. .. .. Woolwortbs (N.Z.), late Fri2 0 9 day . • •• 5 13 3 (late Friday; 2) 5 12 6 Mark Fov (late Friday) i 0 7 A Maori Gullv (late Friday) .. 0 1 14 Waihi Investments (late rriday) 0 15 1 Mount Morgan (late Friday) 1 16 10 (late Friday) 1 17 0 I late Friday) 16 n Unlisted Stocks Woolwortbs (Sydney) 5 110 Tiproff Seal Cap 2 S 6 CHRISTCHURCH Sales on ’Change Unlisted Stocks Argo Gold (2) .. •• •• 0 1 3 Woolwortbs (Sydney; ord.) 5 5 10 11 9 0

Listed Stocks Commercial of Aust. (3) 0 16 7 N.Z. Breweries 2 13 0 Tooths Brewery 2 10 0 Broken Hill Propy. (cum di v.) 2 15 2 2 15 0 Dunlop Perdriau Rubber (3) 0 15 9 (2) 0 15 10 Electrolytic Zinc (ord.) 1 12 3 Mount Morgan (3) 1 17 0 1 17 2 Sales Reported * Listed Stocks Bundi Tin 1 0 0 Broken Hill Propy. (cum dir.) o 15 4 2 15 2 X.Z. Refrig. (10s paid) 0 11 0 E.S. and A. Bank .. .. 5 6 0 South British Insurance 4 7 0

Exports Imports Excess of imports. . 2,090,000 . 3,169,000 479,000 1934. Exports Imports .. .. .. . Excess of imports . . 2,543,000 96,000 1933. Exports 2,173,000 Imports 2,525,000 Excess of imports 352,000 The figures for the period ended September, 1933 respectively were; — nine monthly 1935, 1934, and 1935. Exports Imports Excess of exports 35.893.000 20.450.000 9,437,000 1934. Exports .. .. .. .. Imports Excess of exports 39.877.000 22.386.000 17.491.000 1933. Exports Imports Excess of exports 31.453.000 18.992.000 12.551.000 The value of the specie September, 1935, was: — excluded during I From imports .. .. For nine-monthly period ended September, 1935: — Exports Imports .. 52.1,000 .. 378,855

LONDON. October 20. (Received Get. 27. at 11 p.m.) Tlio following are the official metal quotations Ton. Copper, spot £35 G 10Vi Riso £0 0 . ,4 Copper, forward ., 35 14 i'.i Rise 0 1 3 Electrolytic, spot.. 39 15 0 No ehatlgo Electrolytic, forward 40 10 0 Rise 0 5 0 Wiro bars .. .. 40 10 0 Rise 0 5 0 Lead, spot I, . • 18 0 0 No change Lead, forward 18 0 0 No •hiinse Spelter, spot .. 10 11 3 Rise 0 3 9 Spelter, forward .. 10 15 0 Rise 0 ? a Tin, spot .. .. 225 15 0 Rise 3 15 0 Tin. forward 215 2 0 Rise 1 3 9 Pig iron, homo trade 3 7 6 No change I’lg iron, export 3 2 0 No change Antimony. British S3 JO 0 No change Antimony, foreign 50 0 0 Dn.it. Fall 3 10 0 Molybdenite .. .. . 1 14 (I No change Wolfram .. .. 1 10 0 0 1. Riso 0 3 0 Silver, standard .. 29 5-lCd No change Silver, One .. .. 31%d No change

Pans— Par. RUGBY, October 26. Oct. 24. Oct. 26. Franca to £1 124.21 74 39-64 74 35-61 Brussels— Belgaa to £1 30 29.21 29.184 Oslo— Kroner to £1 18.180 19.904 19.904 Stockholm— Kroner to £1 18.130 19.394 19.394 Copenhagen— Kroner to £1 18.150 22 22 Berlin— Marks to £1 20.34 12.224 12.21 Montreal— Dollars to £1 4.86 2-3 4.982 4.98 J Now York— Dollars to £1 4.86 2-3 4.913 4.91 3-16 Yokohama— Pence to yen 24.582 14 3-64 14 3-64 Hongkong— Pence to dollar 24.58 231 231 Bombay— Pence to rupee _ 184 184 Batavia— Florins to £1 12.10 7.244 7.244 Milan— Lire to £ 1 82.46 60 7-16 cog Amsterdam— Guilder to £1 12.107 7.244 7.24 Prague— .Kioner to £1 104ft 118% 1182 Genova— Francs to £1 25.224 . 15-114 15.124 Vienna— Schillings to £ 1 84 86s 261 261 Helsingfors— Marks to £1 193.23 226% 226% Madrid — Pesetas to £1 25.224 36 36 Belgrade— Dinars to £1 25.224 216 215 Athens— Drachma to £1 .. .. 375 516 510 Lisbon— Escudos to £ 1 110 1101 1101 Bucharest — Lei to £1 .. 931.6 625 625 Klo de Janeiro — Pence to mllrel? 5.890 44 44 Buenos Aires — Pence to pesos 47.22 364 364 Shanghai— Pence to tael 16 3-16 141 Montevideo— Pence to pesos 392 392 Warsaw— Zlotys to £1 — 20.06 26.06

London — Buying. Selling £ 1 N.Z to £100 stg. .. .. T.T 124 121/10/ O.D. 123/10/124/8/9 Australia— £ A to £100 N.Z. T.T. 101 100/10/O.D, 101 100/10/Fljl- £ F to £100 N.Z T.T. 90/7/6 69 O.D. . 90/7/6 89 New York— Dollars to £ N.Z. T.T. 3.972 3.93J O.D. 3.99J 3.94 Montreal— Dollars to £ N.Z. T.T. 4.03J 3.991 O.D. 4.043 3.99.3 Prance— Francs to £ N.Z. T.T. 60.34 59.24 O.D 00.84 59.29 Noumea— Francs to £ N.Z. T.T. 61.49 58.49 O.D. 61.89 58.54 Papeete— Francs to £ N.Z. T.T. 61.49 58.49 O.D. Cl.89 58.54 Belgium— Deigns to £ N.Z. T.T. ... 23.139 O.D. • — 23.154 Hermany— Kelchsniarks to £ N.Z. .... T.T. 9.606 O.D. 9.611 Italy— Lire to £ N.Z. T.T. 47.84 O.D. ' 47.88 Switzerland— Francs to £ N.Z T.T. 12.373 11.973 O.D 12.443 11,983 ' Holland— Florins to £ N.Z. T.T. 0.952 5.702 O.D 0.002 5.700 Java— Florins to £ N.Z. T.T. 5.907 5.082 O.D. 5.957 5.686 lapan— N.Z. Fence to 1 Yen .... T.T. 17 11-16 O.D — 17 43-64 Shanghai— N.Z. Pence to I Dollar .. .. T.T. 19 19-32 20 29-32 O.D. 19 15-32 20 27-32 India and Ceylon— N.Z. Pence to I Kupeo T.T. 228 22 23-32 O.D, 22} 22 21-32 Hongkong— N.Z Pence to 1 Dollar T.T. 28 11-16 293 O.D, 28 9-16 29 11-16 Singapore— N.Z, Pence to 1 Dollar T.T. 348 35 5-ld * O.D 341 35} Sweden— Kroner to £ N.Z. T.T. 15.790 15.460 O.D 15.830 15.470 Norway— Kroner to £ N.Z. T.T. 16.200 15.870 O.D. 16.240 15.880 Denmark— Kroner to £ N.Z. T.T. 18.208 17.878 O.D 18.248 17.888 Austria— Schillings to £ N.Z. .. .. T.T 20.47 Czechoslovakia— Crowns to £ N.Z O.D — 20.49 T.T. _ 95.01 O.D, — 95.00 All rales subject to alteration without tmti.e