COMMERCE AND FINANCE

Otago Daily Times, Issue 22807, 17 February 1936, Page 14

COMMERCE AND FINANCE

LOCAL AND OVERSEAS MARKETS

MINING NEWS MOSSY CREEK RETURN (Peb United Press Association) GREYMOUTH, February 16. The Mossy Creek dredge return was S2oz lldwt from 11,916 yards treated in 129 hours. GILLESPIE’S BEACH RETURN The secretary of Gillespie’s Beach Gold Dredging Company, Ltd. (Mr F. R. Thompson) advises that the wash-up for the week ended on Friday last was 40oz 3dwt for 129 hours’ dredging. WORKSOP EXTENDED RETURN The official return of the Worksop Extended Gold Dredging Company, Ltd., for ’the week ended February 13 was 290 z for 108 hours’ dredging. A total of 7600 yards of material was treated. GOLDFIELDS DREDGE The secretaries of the Goldfields Dredging Company, Ltd., report that the dredge was stopped on Wednesday last for the purpose of carrying out repairs necessary before the dredge approached the Gorge. Consequently, there will be no wash-up this week. FOREIGN EXCHANGES ON NEW ZEALAND CURRENCY BASIS The Bank ot New South Wales. Dunedin, quoted the following rates for purchases and sales of foreign exchange on Saturday. London- Buying. Selling.

DOLLAR RATES The Associated Banks (other than the Bank of New South 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 £1 N.Z.) N.Z.) Selling— dols. dols. T.T 4.004 3.99| O.D 4.0011 4.00 J Buying— O.D 4.05 4.044 PROPERTY SALE Messrs Alex. Harris, Ltd., report having offered at auction on Friday last, at Port Chalmers, on account of the district Public Trustee in the estate of Ellen Maria Monson and Elizabeth Ann Monson, freehold property comprising lot L sections 221 and 222,- Port Chalmers, area 2 roods (more or less) together with 11roomed residence, and conveniences, situated at No. 1 Bernicia street, corner Bellevue place. After competition the property was sold to a client for £850; lot 2, being sections 369 and 370, area two, roods, fronting Victory place, was not sold. .

NORTHERN EXCHANGES AUCKLAND

THE SHARE MARKET DUNEDIN STOCK EXCHANGE Bank of New Zealands were slightly easier on the Dunedin Stock Exchange on Saturday, the best figure offered being £2 9s. There was a seller in the market at £2 9s 9d. The market for P. and 0. Deferred Stock improved to £1 6s, but sellers were firm at £1 7s. Westport Coals were firm at £1 3s fid and Broken Hill Proprietary contributing shares had a buyer at £1 9s. The offer for New Zealand Breweries was 3d below that of the previous day, the quotations being £2 )2s 9d (buyer) and £2 13a 3d (seller). SALES REPORTED. f s. d. King Solomon (2) .... 0 3 5J 0 3 6 SALE REPORTED AFTER CALL. £ s. d. • Australian Glass 4 8 6 The following are Saturday’s buying and selling quotations, which arc subject to the usual brokerage:—

Sales Reported N.Z. Govt. 4 p.c. Inscr. (cum interest), 1943-46 (late sale Friday) 104 12 6

LONDON MEAT MARKET (United Press Association) (By Electric Telegraph—Copyright) LONDON, February 14. (Received Feb. 18, at 7 p.m.)

Unlisted Stocks Woolworths (Sydney; ord.) .. 6 2 6 LONDON METAL MARKET (United Press Association) (By Electric Telegraph-Copyright) LONDON, February 14. (Received Feb. 10, at 8 p.m.) The following are. the official metal auotatlons:— Ton.

BRITISH TRADE RETURNS FOR JANUARY. (United Press Association) (By Electric Telegraph—Copyright) LONDON, February 14. The Board of Trade returns for January show that the imports amounted to £70,023,006, the exports to £34,459,000, and the re-exports to £4,320,000. The principal increases compared with January last year were: —Imports—Grain and flour £835,000, dairy produce £561,000, other food £1,135,000, wool (raw and waste) £668,000. The principal decreases were:—lmports—Rubber £863,000; Exports—Coal £402,000, wool (raw and waste) £230,000, cotton yarns and manufactures £294,000. SOUTHLAND STOCK REPORT (Special to Daily Times) INVERCARGILL, February 15. The stock market continues active in all sections and most classes remain firm at recent quotations. Fat cattle are coming to hand in fairly large numbers and values for good quality animals remain fairly firm. Fat sheep are offering freely and values are slightly easier than recorded in our last report. The store sheep market is now fairly active and larger yardings are reported from all centres, breeding ewes remain firm, but store lambs have eased a little. The store cattle market is quiet and little business is being done. Fat Cattle. —Prime heavy bullocks, £9 to £10; medium-weight prime do, £7 10s to £8 ss; lighter do, £6 to £6 10s; prime heavy heifers, £5 10s to £6 10s; medium do, £4 to £4 10s; prime heavy cows, £5 to £5 10s; medium do, £3 to £3 15s; vealers, 15s to 20s; runners, £1 10a to £2. Fat Sheep.—Prime heavy wethers, 25s to 265; medium do, 22s 6d to 23s 6d; lighter do, 20s to 21s; prime heavy ewes, 15s to 16s; medium do, 13s to 14s; lighter do, 10s to 11s. Store Sheep. —Romney ewe lambs, 20s to 225; forward rape lambs, 17s 6d to 18a 6d; medium store lambs, 15s to 16s; small do, 12s to 13s; Romney two-tooth ewes, 32s 6d to 34s 6d; medium do, 28s to 30s; four-tooth ewes, 30s to 325; small ewes, 22s to 245; full-mouth do, 20s to 21s; failing-mouth do, 15s to 17s 6d; aged ewes, 7s to 10s. DAIRY PRODUCE The New Zealand Loan and Mercantile Agency Company, Ltd., has received the following advice from its London house under date February 12: — New Zealand choicest salted butter, 95s to 95s 6d per cwt; market slow. Cheese. —White, 53s per cwt; coloured, 57s per cwt; market quiet. ARGENTINE TRADE THE EXCHANGE POSITION. It was reported in London recently that the principal British-owned companies operating in Argentina were considering presenting to the Board of Trade a memorandum showing the heavy losses suffered by shareholders in recent years. The exchange losses suffered by British companies working in Argentina have been greatly increased by the entry of the Argentine Government into the exchange market, and it is considered that the forthcoming discussions for a renewal of the British-Argentine trade agreement should present an opportunity to the Government to come to the aid of British investors. TIMBER TRADE . The Dominion’s exports and imports of timber, in New Zealand currency, are reported by the Customs Department as folIniports.— From Australia, £10,468; Canada, £4351; U.S.A., £2016; Sweden, (timber for butter boxes), £3943; Japan, £3155 (including oak), £3080; United Kingdom £32. TT -j. j Exports.—To Australia £19,859, United Kingdom, £111; Pacific Islands, £305.

The Bank of New Zealand has received the following advice from its London office as at the close of business last week:—

Frozen Meat. —The demand and prices for wethers are steady. Ewes: The smaller supplies offering have caused the prices to harden. There is an irregular trade in lambs, and only a moderate business being done. The trade is generally affected by the abnormal conditions. Wethers: Light, 4|d to s|d per lb; heavy, 3Jd to 4Jd per lb. Ewes: 2Jd to 4d per lb. Lambs: Twos, 7|d to 7?d per lb; eights, 7Jd to 7|d per lb; fours, 7d to 7Jd per lb; seconds, 7Jd to 7|d per lb. PRICE OF FINE GOLD (United Press Association) (By Electric Telegraph—Copyright) LONDON, February 14.

NATIONAL MORTGAGE AND AGENCY COMPANY PROFIT OF £17,454. (United Press Association) (By Electric Telegraph—Copyright) LONDON, February 14. (Received Feb. 16, at 8 p.m. The National Mortgage and Agency Company of New Zealand earned a not profit of £17,454 for the year, and a dividend of 5 per cent, has been declared. LONDON MARKETS (United Press Association) (By Electric Telegraph—Copyright) LONDON, February 14. (Received Feb. 10, at 8 p.m.) Friday’s closing prices were: — Cotton.—Spot, C.2ld per lb; March, 5.95 d. Rubber. —Para, S.Jd; plantation smoked, 7|d. Jute.- —February-March, £lB 15s to £lB 16s 3d. Copra.—February-March South Sea, £l4 15a; smoked, £l3; plantation Rabaul, £l4 15s. Linseed oil, £2B 15s. Turpentine, 44s 3d. RABBIT SKINS (United Press Association) (By Electric Telegraph—Copyright) LONDON, February 14. (Received Feb. 16, at 8 p.m.) Rabbits. —The market is quiet. First large, ex store, 225.

REILLY’S CENTRAL PRODUCE MART, LTD., Moray place, Dunedin, C.I.

INVERCARGILL WOOL SALE £309.873 FOR DISTRIBUTION (Per United Press Association) INVERCARGILL, February 15. A considerable amount of money passed into circulation as a result of a satisfactory wool sale at Invercargill on January 31. Out of an offering of 26,069 bales, 25,680 were sold, the total weight being 8,491,7731 b, yielding an average price of 8.76 d a lb, or £l2 Is 4d a bale, the aggregate price being £309,873. This represents an increase of over 50 per cent, on the money distributed after the first sale on February 1 of last year. The average price was then 6.2 d a lb, or £8 2s 6d a bale, and the aggregate proceeds were £164,478. DOLLAR AND FRANC (United Press Association) (By Electrfo Telegraph—Copyright) LONDON, February 14. The dollar is quoted at 4.98 3-16 and the franc at 74J. TREASURY BILLS (United Press Association) (By Electric Telegraph—Copyright) LONDON, February 14. (Received Feb. 16. at 8 p.m.) The total amount applied for in tenders for £35,000,000 Treasury bills was £70.010,000. The average rate per cent, for bills at three months was 10s 4.28 d, against 10s 4.27 d a week ago. MERCHANDISE MARKET The Wingatui arrived from Auckland with sugar supplies on Saturday. The Waimarino is due on February 19 and the Waipiata on February 26. Advice from London states that stocks of Sicily almonds are getting in short supply owing to the effect of sanctions. This means that ground almonds are hardening in price. FRUIT AND PRODUCE WORLD Reilly’s report selling:— Per Dozen.—Cabbage, Is 6d. Cauliflowers, 3s to 4s. Cucumbers, 2s 6d to 4s 6d. Carrots, Is. Beet, Is. Lettuce: Choice, Is 6d to 2s. Eggs: Poultrykeepers’, Is 4d; storekeepers’, Is 2d. Section honey, 8s 6d. Each. —Knapsack sprayer, £4 15s. Champion egg crates: 24 dozen, 17s 6d. Californian lemons, 655. New Zealand lemons, 14s to 16s. Bananas (to arrive on the 19th). Californian grapefruit, 355. Californian navels, 435. Japanese, 38s 6d. Raspberries, 4s 6d to 6s 6d per bucket. Lpganberries, 7s. Cultivated blackberries, 7s to Bs. Apples; Gravensteins, 5s to 7s; Cox’s Orange, 8s to 10s; Alfristons, 4s to 6s 6d. Pears: W.8.C., 5s 6d to 7s. Per Half-case. —Outside cucumbers, 2s 6d to 3s. Nelson tomatoes, 4s to ss. Peaches, 3s 6d to 6s 6d. Apricots, 5s to 7s 3d. Dessert plume, 3s to 4a 6d; Satsumas, 4s to 6s; Kirks, ss; cooking plums, 2s to 3s. Nectarines, 4s to 6s 3d. Bon Chretian pears, 2s 6d to 3s 3d. Per Pound.—Local grapes, Is 2Jd to Is 4Jd. Local tomatoes: Firsts, 5d to 6Jd; seconds, 3d to 4d. Central Otago tomatoes, 3d to 4Jd; Christchurch tomatoes, firsts 3d to 4d, seconds, email, 2d to 3d. Apricots, 4d to sd. Peaches, 3d to 4id. Nectarines, 2Jd to 4d. Plums, 2d to 4d. Raspberries, lOd per pottle. Rhubarb, Id. Green peas: Choice, 2Jd to Butter beans, 3d to 3Jd. Scarlet runners, 14d to 2d. French beans, 2d to 2Jd. Broad beans, Id. Mushrooms, BJd to Is. Walnuts, 6d to Bcl. Tea; Orange Pekoe, 2s 6d. Butter: Storekeepers’, BJd. Bacon: Prime, lid. Porker and bacon pigs, 6d; overweight, 3d. Bulk honey: New season’s, 4Jd. Per Cwt.—Canterbury onions, 5s to 6s. Oyster grit, Cs 6cl. Woodwool, 26a. Potatoes, 6s. Marrows, 6s. Olive oil, 12s gallon. Giraffe lime sulphur: Barrels, Is 9d gallon. Semesan and Granosan: 2oz 2s 3d, lib Bs. Blackleaf “40”: British, 101 b 455, lib 8s 6d, 41b 4s 6d. Patent eodlin moth tree bands, 200 ft lengths, 17s 6d. Arsenate of lead paste, 9d to Is 3d; powder, Is to Is 6d. Red oil, 5s 6d. French Bordeaux, Is Id. Fowl wheat, 5s 6d. Partridge peas, 6s. Maize, 5s 6d. Kibbled maize, 6s 6d. Oats: A Gartons, 3s 3d; B, 2s 9d. Brushed oats, 9s 6d. X Keys meatmeal, 15s. Buttermilk powder, 3d. Bran, £5 ss. Chaff: 8.0.5., £5 10s. Pollard, £6 ss. Tomato stakes, 12s per 100. Per Pair— Poultry: 147 hens at Is 6d to 5s Bd, 32 cockerels at 2s to 6s 4d, 5 bantams at lOd to Is, 24 ducks at oa to 5s Bd, 6 pullets at 4s 6d to 6s, 2 geese at 6s to 6s 6d per pair, 1 hen and 14 chicles for 10s 6d.

£1 N.Z. to stg. £100 T.T. 124 124/10/O.D. 123/10/124/8/9 Australia— £A to £100 N.Z. T.T. O.D. 101 101 100/10/Fiji— ; £ F to £100 N.Z. T.T. O.D. 90/7/6 00/7/6 89 89 New York— Collars to B N.Z. T.T. O.D. 4.033 4.05 4.001 4.001 Montreal— Dollars to B N.Z. T.T. O.D. 4,osy 8 4.04S 3.993 4.00% France— Francs to' B N.Z. T.T. O.D. 60.64 61.09 59.81 59.85 Noumea — Francs to B N.Z. T.T. O.D. 62.44 62.89 58.44 58.50 Papeete— Francs to 6 N.Z. T.T. OD. 62.44 62.89 58.59 58.65 Belgium— Belgas to £ N.Z. T.T. O.D. z 23.438 23.449 Germany— Reichsmarks to £ N.Z T.T. 9.797 O.D. — 9.802 Italy— N.Z. T.T. % Lire to fi — — O.D. — — Switzerland — 12.323 12.053 ! Francs to £ N.Z. T.T. O.D. 12.428 12.058 Holland— Florins to £ N.Z. T.T. 5.955 5.805 O.D. 6.015 5.809 Java—: 5.761 Florins to £ N.Z. T.T. 5.921 O.D. 5.981 5.765 Japan— N Z. Pence to 1 17 39-64 Ypn # # T.T. — O.U. — ; 17 19-32 Shanghai—■ N.Z. Pence to 1 . Dollar .. T.T. 17 17-64 18 41-64 O.D. 17 5-64 181 India and Ceylon— N.Z. Pence to 1 22 57-64 Bupea . . T.T. 22 9.64 O.D. 22 3-64 22% Hongkong— ■■ ■ ’ N.Z. Pence to 1 Dollar . T.T. O.D. 18 57-64 20 41-64 18 51-64 20 39-64 Singapore— / N.Z. Pence to 1 Dollar T.% 34 25-64 35 29-64 O.D. 34 13-64 35 7-16 Sweden— Kroner to £ N.Z. T.T. . 15.785 15.490 O.D. 15.845 15.500 Norway— Kroner to £ N.Z. T.T. 16.185 15.895 O.D. 16.245 15.905 Denmark— Kroner to £ N.Z. T.T. 18.203 17.893 O.D. 18.263 17.903 Austria— Schillings to £ N.Z. .. T.T. _ 20.73 O.D. — 20.75 Czechoslovakia Crowns to £ N.Z. T.T. - 94.90 O.D. — 94.95 All rates subject to alteration without notice.

BANKING. Buyer. Seller. £ s. d. 1 S. d. Australasia .. .. 12 0 0 — N.S.W — 34 17 6 New Zealand 2 9 0 2 9 9 N.Z. (Long D) — i 10 6 Commercial .. 0 19 2 — National of N.Z. 3 16 0 — National of A'asia. — 15 5 0 INSURANCE. Standard .. .. — 3 5 6 SHIPPING. Huddart, Parker (ord.) — 2 0 6 P. and 0. Def. Stk. 1 6 0 1 7 0 U.S.S. Co. (pref.) 1 6 0 — MEAT PRESERVING. N.Z. Refrig, (paid) 1 1 3 — Soutli. Froz. Meat (paid) .. .. 3 18 0 — South Otago Freezing .. .. .. 7 10 0 — LOAN AND AGENCY. Goldsbrough Mort 1 12 6 — Mortgage Corporation 0 4 7 0 4 10 N.Z. Guarantee Corp 0 6 8 — Wright, Stephenson (ord.) 0 17 0 — Wright, Stephenson (pref.) .. .. — 1 0 3 COAL. Kaitangata .. .. 1 2 0 — Westport .. .. 1 3 5 — Westport-Stockton (pref.) .. .. — 0 2 6 WOOLLEN COMPANIES. Bruce (pref.) 1 1 6 — Kaiapoi (ord.) — 0 15 0 Kaiapoi (pref.) .. — 0 18 0 Oamaru — 1 2 0 MISCELLANEOUS, Associated News .. 1 2 6 1 3 0 Australian Glass .. 4 8 3 —; Broken Hill Propy. 2 19 0 — Broken Hill Propy. (5s paid) .. 1,0 0 — . Crystal lee .. .. 1 15 0 — D.I.C. (pref.) .. 1 3 9 — Dominion Fertiliser 1 4 0 1 5 0 Dominion Fertiliser (Deot) 103 0 0 Dominion Rhbber — 1 10 0 Donaghy’s Rope .. 2 13 0 — Dun.-Kaikorai Trams 2 0 0 — Stock Exchange Propy 1 19 0 2 0 0 Milburn Lime 2 4 6 — National Electric — 0 12 9 Otago Daily Times — **2 11 3 Regent Theatre .. 0 19 0 1 1 0 Wilson’s Cement .. — 2 6 3 Woolworths (ord.) — 5 17 0 Woolworths (Syd.) 6 0 0 — BREWERIES. N.Z. Breweries .. 2 12 0 2 18 3 Timaru 0 9 2 — AUSTRALIAN MINING. Electro. Zinc (pref.) 1 18 6 — , Electro. Zinc (ord.) 1 15 6 — Mount Lyell 1 3 1 — Upper Wa'tut 0 7 2 — MINING. Big River — 0 2 0 Brian Boru .. — 0 0 4 Gillespie’s Beach .. 0 0 11 0 1 0 Golden Dawn — 0 3 6 Goldfields Dredging 0 0 3 0 0 5 King Solomon 0 3 3 0 3 7 Lawson’s Flat — 0 0 4J Mount David .. — 0 1 0 Nokomai 0 2 2 0 2 8 Okarito .. .. 0 4 8 0 5 1 Skippers 0 0 2i 0 0 3 Waipapa Beach .. 0 1 8 Waitahu — 0 2 ■ 6 GOVERNMENT LOANS. 34 p.c. Stock, Nov., 1938-52 .. .. 102 10 0 - 34 p.c. Stock, Mar., 1939-43 .. .. 102 10 0 — 3J p.c. Stock, Sep., 1939-43 .. .. 102 10 0 . 3i p.c. Stock, May, 1939-52 .. .. 102 10 0 — 4 p.c. Bonds, 193740 101 0 0 — 4 p.c. Stock, 193740 101 10 0 — 4 p.c. Bonds, 194340 .. .. **102 10 0 — 4 p.c. Stock, 194340 .... * *102 10 0 — 4 p.c. Stock, 194049 — 104 10 0 ** Ex Dividend.

Sales on ’Change £ S, d. Bank of New Zealand .. 2 9 3 Westport Coal . 1 3 6 Auckland Gas 1 5 9 Kauri Timber 1 4 10 Anthony'Hordern .. .. 1 1 2 Colonial Sugar 42 15 0 Farmers’ Trading .... ... 0 8 3 Farmer’s’ Fertiliser •• 1 0 3 Northern Boiler .... 1 7 6 Woolworths (N.Z.; second pref.) .. • - 1 5 9 King Solomon (2) 0 3 7 Martha •• •• •• 1 0 3 Mount Morgan Development 0 4 li Tavau .. 0 2 ii

WELLINGTON - Sales on ’Change Bank of &ew Zealand .. 2 0 6 Mortgage Corporation .. .. 0 4 10 Colonial Sugar 42 17 6 Hume Pipe (Aust.) .. 0 17 0 Martha Mine 1 0 4 Unlisted Stocks Woolworfhs- (Sydney) .. 6 1 0 n 6 2 0 Westland Breweries (cout.; 0 11 0 late sale Friday) .. .. John Fuller (first mortgage 90 0 0 debenture) CHRISTCHURCH Sales on ’Change Comm. Bank of Australia .. 0 10 6 0 10 7 Broken Hill Proprietary 9 11 (cont.) 1 Consolidated Brick 0 10 9 C. J. Coles 3 14 6 Hume Pipe (Aust.; cum div.) 0 0 17 18 11 0 Wpolworths (N.Z.; ord.) Addison’s Flat 5 10 6 0 2 0 Mount Lyell (4) 1 3 5 Rawang Tin 0 0 1 Worksop Extended • • • • 0 2 0 Unlisted Stocks Woolworfhs (Sydney; ord.) 6 6 1 o o 0 (2) 6 9 3

Copper, spot .. .. £35 10 7l,£ Else £0 8 0 Copper, forward .. 35 18 V.i Rise 0 7 6 Electrolytic, spot .. 39 10 0 Rise 0 5 0 Electrolytic, forward 40 0 0 Illse 0 5 0 Wire bars .. .. 40 0 0 Rise 0 5 0 Lead, spot .. .. 15 18 0 Rise 0 5 0 Lead, forward .. 10 1 3 Rise 0 5 0 Spelter, spot 14 13 9 Fall 0 IS 9 Spelter, forward . • 15 1 3 Rise 0 3 9 Tin, spot .. .. 207 5 0 Fall 0 17 6 Tin, forward 201 7. 0 No change Pig Iron, home trade 3 10 0 No change Pig Iron, foreign 3 10 0 Rise 0 8 6 Antimony. British 72 10 0 No change Antimony, foreign 60 10 0 Rise 2 15 0 Unit. Molybdenite .. .. 1 14 f) No change Wolfram .. .. 1 15 0 No change Or. SUrer, standard .. 19%d No change Silver, fine .. .. 21 7-lCd No change

N.Z. SHEEP— 4 00 Canterbury and North ■ 4 JO & Island selected cross- & f* Pa bred wethers and (Per lb. maiden ewes: d. d. d Under 481b 53 5f 53 48-5Clb 53 5| 5 J 57-0411) 45 45 45 G5-721b 41 44 43 Ewes: Under 481b 31 33 43 48-6411) .. .. .. .. 3 31 34 65-7211) 23 23 34 North Island: 48-56!b 53 51 54 57-G41b 43 43 45 65-721b 41 43 43 AUSTRALIAN SHEEPFirst quality crossbred and/or merino wethers: 48-041b 33 4 44 30-55lb 33 4 4 Ewes: 30-551b 33 38 33 ARGENTINE SHEEP— First quality crossbred wethers: 48-G4lb 4i 44 44 65-721b 4 4 4 PATAGONIAN SHEEPWethers and/or maiden ewes: Under 501b .. .. .. 75 50-601b — — 75 Ewes: 40-501b — — — ARGENTINE LAMBS— First quality: 361b and under 53 58 58 37-421b 63 63 63 ‘Second quality: Average about 281b n 63 03 PATAGONIAN LAMBSFirst quality; 361b and under .. .. 6| 62 63 50-601b — — Second quality: Average about 301b 03 63 65 N.Z. LAMBSCanterbury; First quality: 361b .and under . • .. 75 37-421b .. — -— 73 43-501b — — 74 Second quality: Average about 321b 78 Other South Island; 361b and under , 37-42Ib — — 42-501b — — Second quality: Average about 321b .. — Selected North Island, including Downs: 361b and under .. .. 75 37-421b — — V3 43-501b 71 71 V4 Second quality: Average about 301b 71 78 71 Other North Island: First quality: 301b and under .. .. n 72 74 37-421b n 7| 78 Second quality: Average about 311b 7i 74 74 AUSTRALIAN LAMFSVictorian: First quality: 36lb and under .. .. 68 61 68 37-42lb 64 64 64 Second quality: 361b and under .. .. 81 04 64 Other States: First quality: 301b and under 6J 62 X 63 37-421b 64 64 64 Second quality: 361b and under .. .. 63 63 . 61 Ail States: Third quality: 361b and under .. .. 63 61 64 N.Z. FROZEN BEEF— Ox fores (145-2101b) .. 24 24 26 Ox hinds (145-2101b) .. 33 35 4 AUSTRALIAN FROZEN BEEFOx crops (1001b and under) si Ox crops (145-2101b) .. 23 21 Ox hinds (145-2101b) .. 49 48 48 Ox hinds (over 1601b).. — — — N.Z. CHILLEDHinds 44 51 48 Fores 23 3 3 AUSTRALIAN CHILLED— Hinds (145-2101b) 5 51 Crops (145-2101b) 3 ' 3 — UNION OF SOUTH AFRICA CHILLED— Hinds .. . 54 54 Fores 23 28 — SOUTHERN RHODESIA CHILLED— Hinds .. 44 45 43 Fores .. 24 23 24 ARGENTINE CHILLED BEEF— Ox fores (145-2101b) .. 3 33 34 Ox hinds (145-2101b) .. 51 6 53 URUGUAYAN CHILLED— Hinds 5 5 64 Fores — — — BRAZILIAN CHILLEDFores "25 25 25 Hinds 43 43 43 N.Z. PIGS— First quality; 60-801b 63 63 69 81-1001b 64 64 64 1014201b, 53 55 53 AUSTRALIAN PIGSFirst quality: 60-801b 63 63 68 814001b 64 64 64 1014201b 55 55 53

f S. d. February 14 .. . ... 7 o ni February 13 .. . . .. 7 0 10i February 12 .. . 0 10A February 11 .. . 0 8 February 10 .. . 0 6 February 8 .. . 0 8 February 6 .. . ... 7 0 11 February 5 .. . ... 7 0 10