COMMERCE AND FINANCE

Otago Daily Times, Issue 23222, 21 June 1937, Page 14

COMMERCE AND FINANCE

LOCAL AND OVERSEAS MARKETS

THE SHARE MARKET DUNEDIN STOCK EXCHANGE Bank of New Zcalands were slightly easier on the Dunedin Stock Exchange on Saturday morning, but prices for shares in the other sections maintained their steady prices of Friday. After reported business late on Friday at £2 4s, buyers of Bank of New Zealands offered £i! 3s 9d, but sellers remained firm 9d away. For the Long D issue buyers dropped 3d to £1 6s, but holders would not accept less than £1 6s 6d. The same buyer was forward for National Insurance shares at 16s lid, but sellers were 3d away. .Anthony Hordern shares were in stronger demand from buyers at 18s Bd, holders wanting 6d more, and British Tobaccos were slightly easier with an unsupplied buyer at £2 Bs. The rise in buyers' quotations of 2s for Stock Exchange Proprietary shares was maintained, but no seller entered the market There was only a slight improvement registered in G. J. Coles, buyers of which were prepared to do business at £5 Is, but holders remained firm 4s away. A sale was reported after the last call, however, at £5 4s 6d. A sudden rise was recorded in Regent Theatre shares, for which buyers offered £1 Os 6d—an increase of Is 6d on their previous quotations, but holders asked £1 2s 6d. The rights issue of New Zealand Breweries again attracted a good deal of interest among buyers, who offered £1 Is 6d, but sellers increased their prices to £1 2s. After the last call, however, two parcels changed hands at £1 2s 3d. Prices for the ex rights issue remained on a level with those of the previous day, and Staples Breweries, with buyers at £2 10s and holders wanting 2s 6d more, were slightly firmer. Generally speaking, Australian mining shares were slightly firmer, Mount Lyells rising to buyers at £2 0s 9d and sellers Is 3d away, and the preferential issue of Electrolytic Zinc being wanted at the improved figure of £2 12s 9d, no seller being forward. Buyers of the ordinary shares advanced their previous offer by 3d to £2 10s 9d, but holders were Is 6d away. Mount Morgans eased Id both ways, and Rawang Tin showed no alteration in the previous day's buying quotation.

NORTHERN EXCHANGES AUCKLAND

DOLLAR AND FRANC (United Press Association) (By Electric Telegraph—Copyright) LONDON, June 18. The dollar is quoted at 4.93 J. The franc is quoted at 110 J.

FROZEN MEAT MARKET SMITHFIELD PRICES (Per United Press Association) WELLINGTON, June 19. The New Zealand Meat Producers' Board advises that the following are the approximate average prices realised for the week, based on actual transactions of wholesale quantities of the descriptions of meat mentioned and are for representative parcels of the goods offering during the week being for business done on the basis of delivered to Smithfield Market and /or ex London stores f prices for the two previous weeks are also shown):—

FOREIGN EXCHANGES

Lamb Market.—Tendency of market is steady and unchanged. Mutton Market.—Wethers firm, with good demand. Ewes: Market quiet, with tone easier. Beef Market.—Frozen beef: None available. Chilled beef: Slightly easier this week owing to heavy supplies from the dominions. N.Z. Porker Pigs.—Trade slow, with slightly lower prices N.Z. Baconer Pigs.—Market quiet and unchanged. HOME MARKET FOR APPLES (United Press Association) (By Electric Telegraph—Copyright) LONDON. June 19. (Received June 20, at 6.30 p.m.) The market for apples is quiet and slightly easier. New Zealand are quoted as follows:— Granny Smiths, 9s to 12s 3d; Sturmers, 7s to Bs. There is a good demand for pears. GORE HORSE SALE There was a good demand for ydung horses at the monthly horse sale conducted by Messrs Wright, Stephenson and Co.. Ltd., at their stables in Wigan street, Gore, on Thursday. Top price was secured by Messrs A. J. and O. Barker, of Otara, who sold a registered mare to Mr D. Kane, of Tapanui, for £SO 10s. Mr J. R. M'Murray, of Gore, secured second top price for a young mare, which was disposed of at £4B. Good young horses sold at from £3o to £4O, and values were in keeping with those at recent sales. .Sales were: Gelding, 7yrs. £27; mare, 3yrs, £4l; gelding, syrs. £3l 10s; mare, 6yrs, £46; mare, lOyrs, £25; mare, 9yrs. £26: gelding. 2Jyrs, £29 10s; gelding, lOyrs, £ls 10s; mare, 4yrs £3l; mare, Byrs, £42: mare, Byrs £27 10s; gelding, 3yrs, £3O 15s; gelding. 6yrs, £33 10s; gelding. 9yrs, £27 10s; mare, aged, £6 10s; mare, 9yrs, £SO 10s; gelding, 7yrs, £l9; gelding, 7yrs, £18; gelding, 9yrs, £7; hack. 9yrs £6 10s; ponv, 6vrs. £l2; mare, 4yrs, £3O; mare, 3yrs. £2B. Passed in: Gelding, 6yrs, £24 10s; hack, 7yrs, £4; pony, Byrs, £B.

(Bntisn Olhciai Wireless) (United Press Association) (By Electric Telegraph -Copyright)

ON NEW ZEALAND CURRENCY BASIS riio Bank of New South \Valc3, Dunedln, Hinted the followlne rates for purchases awl sales of forclpn exchange on Saturday:— London- Buying Selllnu

DOLLAR RATES The Associated Banks (other than he 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: —

LONDON METAL MARKET (United Press Associatlonj(By Electric Telcgr.'ph—Copyright) LONDON. June IS. Tlie following are the nilH'lal metal nnotatinn«:Ton.

LONDON STOCK EXCHANGE (United Press Association) (Bv Electric Telegraph—Copyright) LONDON, June 18. Mount Lyell shares are quoted at 31s 10id. New Guinea Gold shares are quoted at Is 7Jd. LONDON PRODUCE MARKET The Bank of New Zealand has received the following advice from its London office as at close of business on Saturday:— The market for wethers is steady, for ewes it is depressed owing to absence of demand. The market for lambs is quiet and unchanged. Trade generally has fallen off. Quotations:— Wethers, light. 4£d to s£d: heavy. 4Jd to 4 : |d; ewes. 3.1 dto 4id: lambs, twos. 7pcl to 7gd; eights. 6£d to 7d; fours, 6gd to seconds, 7d to lid.

SOUTHLAND MARKETS (Special io Daii/s? Times) INVERCARGILL. June 19. GRAIN REPORT Oats.—'These have been offering for the last week or so in increasing quantities, and it is fairly apparent that the ouantity of oats grown and harvested has exceeded the expectations of (he general public. Many not unnaturally are in low to poor condition, but nevertheless some nice samples are being submitted, not sufficiently good, perhaps, in colour to meet the requirements of A and B grades. Owing to reports of business with Tasmania and the north, the market is somewhat easier, but millers are still operating with freedom for any heavy and reasonably sound lines. The basis of values to-day is 4s Id, f.0.b., s.i., Bluff. Under grade have been sold, depending on the quality, from 3s 3d to 3s lOd per bushel, f.0.b., s.i. SEED REPORT Between markets seeds generally are negligible. It seems apparent that the bulk of the distributors have secured sufficient for their ow.i particular trade from the carry-over from last season, and especially so in ryegrass. So little new crop is offering as hardly to warrant a report as to market value. A few deliveries have been made of ryegrass from the northern parts of Southland, prices to growers being from 3s to 3s 6d per bushel from the mill for ordinary oerennial. Brown Top.—The market is by no means as firm owing to the lack of orders from overseas, and quotations between markets are to-day Is 2d per lb for Government certified seed and Is to Is Id for uncertified seed. Chewings Fescue and Crested Dogstail.—Not much interest is being shown in either, the bulk of seed grown being now in merchants' hands, and overseas buyers are not buying by any means freely. The market consequently has, if anything, a somewhat lowering tendency. STOCK MARKET The stock market during the week has been quiet, and little business, apart from fat stock, has been transacted. Fat cattle are coming forward in fairly regular numbers, and values remain fair for all classes. Fat sheep were slightly easier for heavy wethers and ewes, but freezing weights sold at increased rates. The store _ sheep market is quiet, and values are, if anything, slightly easier, due to a great extent to the scarcity of feed. The store cattlp market is quiet, and very few lines are offering. • Fat Cattle.—Prime heavy oullocks, £ll to £l2; medium-weight bullocks, £9 to £10; light bullocks, £7 10s to £8 10s; prime heavy cows, £7 to £8; medium cows, £5 to £5 10s; lighter cows. £3 10s to £4 10s; prime heavy heifers. £7 10s to £8 10s; medium heifers. £5 10s to £6; lighter heifers. £4 to £5. Fat Sheep.—Prime heavy wethers. 36s to 38s; prime medium wethers, 30s to 325; lighter wethers, 26s to 28s; prime heavy ewes, 24s to 25s 6d; medium ewes. 21s to 225; lighter ewes, 17s to 18s; prime heavy lambs. 30s to 325: medium lambs, 26s to 28s; lighter lambs, 22s to 23s 6d. Store Sheep.—Romney ewe hoggets, 28s to 30s; medium Romney ewe hoggets, 24s 6d to 26s 6d; Romney wether hoggets, 16s to 18s; medium Romney wether hoggets, 12s 6d to 14s; Romney two-tooth ewes, 36s to 38s; four, six, and eight-tooth ewes, 28s to 32s 6d; failing-mouthed ewes, 22s to 22s 6d; broken-mouthed ewes, 16s to 18s; poorer sorts, 10s to 12s. MERCHANDISE MARKET The Kent, due on June 28 from London, is carrying a full consignment of British merchandise. Merchants state that in practically every instance these goods show an advance on recent prices. The Kauri, from Adelaide via Auckland, brought a large shipment of evaporated apricots, peaches, and pears. She also landed salt from South Australia and sugar from Auckland. The next sugar steamer is the Waimarino, due on June 23. The Wingatui arrived at the week-end with a cargo. Ozone oysters have been increased in price by 6d per dozen tins. A parcel of South American canary seed, transhipped at San Francisco to the Limerick, came to a bare market. The same vessel also landed a parcel of Canadian sardines, cornflour, and Kraft paper. Canned pears are being secured from Australia in fairly large quantities. Supplies of Witch iodised salt in 51b bags will be landed ex the Kent. Canadian iodised salt was on board the Limerick. Ceremilk calf meal and Chuck-Chuck chicken food have been increased in price. . ,ft . „ A parcel of Norwegian sardines, just arrived, shows an increase of 2s 9d per case. Morton's olive oil, ex the Kent, shows a remarkable advance on the quotation ruling a year ago. A report from Singapore on the pineapple market under date May 19 reads as .follows:—" Fruit supplies are now at the peak, and packing will continue at full pressure until towards the end of the month, when supplies are expected to tail off gradually. The United Kingdom market remains exceptionally quiet, but it is not unlikely that buying on a large scale will be resumed shortly, particularly if weather conditions are favourable. Packers are now coming to the end of their cheap tinplate purchases, and when they have to buy further supplies their packing costs will be increased considerably, and we look for a substantial advance in prices during June or July." FRUIT AND PRODUCE WORLD Reillv's report selling:— Per Dozen.—Lettuce: Choice, 3s. Spinach, Is 4d. Beetroot. Is 4d. Carrots, Is. Eggs: Guaranteed, Is 8d to Is 9d; pullets'. Is 6d; preserved, Is sd. Cucumbers: Hothouse, large, 6s to 8s; small, 3s to 4s. Section honey, 10s 6d. Mutton birds, to 10s. Creme narcissi, 4s. Sol De Or. 9s to 12s. Violets, 4s. Frecsias, 9s to i2s per dozen bunches. Each.—Champion egg crates, 24 dozen, 18s. Per Ream.—Apple wrapping paper. 3s 6d. „,„ . Per Case.—Oranges: Californian Valencias, 455; Australian navel oranges, 16s to 225; Island oranges, 14s to 21s 6d. Californian lemons, 70s. Grapefruit, 455. Bananas: Ripes, 18s. Mandarines, 225. Pines, 255. Pears: Winter Coles. 6s to 3s 6d; Winter Nelis, 6s to 8s 6d; cooking pears, 6s. Apples: Choice Coxes. 8s to 10s 6d: Delicious, 6s to 8s 6d; Jonathans, 6s to 8s; Sturmers, 6s to 8s 6d; Cleopatra. 6s to 7s 6d: small and inferior grade dessert apples. 3s to 4s 6d; 'cookers, 4s to fis 6d. New Zealand lemons, to 325. Poorman oranges, 15s. Per Half Case.—Winter Coles, 3s to 4s 6d; Winter Nelis, 3s 6d to 4s 6d. Easter Buerre, 4s 6d. Passion fruit, 10s (3d to 12s 6d. Tree tomatoes, 10s. p er lb.—Local hothouse tomatoes: Firsts, Is Id to Is 3d; dessert. Is to Is Id. Kumeras, 3d. Tea: Orange Pekoe, 2s 6d. Cheese, 7d. Butter. Storekeeper's, lid. Bacon: Prime, Is 2d. Bacon and porker pigs, 6Jd; overweights, 4d. New season's bulk honey. 7d to Bd. Beeswax, is 6d. Pickling onions. Ud. Per Sack.—Cocoanuts. 18s 6d. Cabbage, 3s 6d to 4s 6d. Cauliflowers. 6s to 10s. Marrows. 18s. Pumpkins, 14s. Potatoes, 6s to Bs. Onions: Canterbury. 7s Od. Ovster grit. 6s. Woodwool, 265. "Viv o ; Veg" plant food. 18s 6d. Olive oil, His gallon. Giraffe lime sulphur. Is 6d gallon. Semesan. lib. 12s 6d. Red Rose nicotine sulphate: 101 b, 455; 21b, 14s 6d; lib. 8s 6d: Mb, ss. Arsenate of lead paste, 9d to Is 3d. Powder, Is to Is 6d. Red oil. 5s 6d. Fowl wheat, to 6s 9d. Partridge peas. 6s. Maize, 7s. Oats: Gartons 4s to 4s 6d bushel. Crushed oats, 9s 6d. X Keys meatmeal, 15s bag. Pollard, £6 15s. Bran, £5 10s. Chaff, b. 0.5.. £5 5s ton. Buttermilk powder, 3Jd. Per Pair.—Poultry: 333 hens at 4s to 6s 8d: 74 cockerels, 3s to 8s; 11 pullets 3s 6d to 7s 6d; 17 bantams, Is 4d to 2s 4d; 57 drakes, 5s to 8s per pair; 2 turkey hens. 8d to 9d; and 2 turkey gobblers, 8d per lb.

REILLY'S CENTRAL PRODUCE MART, LTD.. Moray place, Duncdin, C.l.

MINING NEWS WEST COAST DREDGES (Per United Press Association) GREYMOUTH, June 19. Golden Sands return, 290 z 19dwt for 33 shifts. Maori Gully, 270 z 14dwt for 131 hours. ~„««-, Argo, 670 z for 128 hours (12,000 yards). MATAKI RETURN (Per United Press Association) WELLINGTON, June 19. The Murchison-Mataki Junction return for the week ended June 17 was 41oz for 115 yards (16,500 yards dredged). GILLESPIE'S BEACH The secretaries of the Gillespie's Beach Gold Dredging Company report a washup of 620 z lOdwt for 122 hours for the week ended June 18. The dredge was working the full length of the cut. WORKSOP DREDGE RETURN The Worksop Extended Gold Dredging Company, Ltd., reported a yield for the week ended on June 6 of 290 z for 134 hours' dredging, during which a yardage of 10.500 was treated.. FRIDAY'S CLOSING PRICES (United Press Association) (By Electric Telegraph—Copyright) LONDON, June 19. 'Received June 20, at 6.30 p.m.) Yesterday's closing prices were:— Cotton—Spot, 6.92 d per lb; July shipment, 6.71 d. to Rubber—Para, lOjd per lb; Plantation smoked, 9 11-16 d. Jute—June-July shipment, £l9 15s a ton. Copra—June-July shipment, South Sea. £ls 7s 6d a ton; smoked, £ls 2s 6d; Plantation, Rabaul, £l6 15s. Linseed oil, £3l 15s a ton. „ Turpentine, 37s 6d per cwt. PRICE OF FINE GOLD (United Press Association) (By Eleciric Teleeraph -Coovright) LONDON, June 19.

WHEAT QUOTATIONS (United Press Association) (By Electric Telegraph—Copyright) LONDON, June 19. (Received June 20, at 6.30 p.m.) Liverpool wheat futures are quoted: July, 8s 6 15-16 d per cental; October, 8s 4Jd; December, 8s 3£d. SYDNEY STOCK EXCHANGE /United Press Association) (By Electric Telegraph—Copyright) SYDNEY, June 19. Sales on 'Change this morning:— £ s. d.

WAR LOAN (British Official Wireless) (United Press- Association) (By Electric Telrernnh f'orvrieht) RUGBY. June 18. War Loan, 3£ per cent., is quoted at £IOO 18s 9a

SALE REPORTED i ■> £ S. d. Bank Of N.Z. (late Frl.) .. 2 4 0 SALES REPORTED AFTER LAST CALL | Bank of N.Z. (long D; 2) 1 6 3 N.Z. Breweries (rights 2) 1 2 3 G. J. Coles .. 5 4 6 North Canterbury Co-op. Freez2 4 6 | 4 per cent. Stock, 1940-43 102 0 0 The following are ! Saturday morning's buying and selling quotation! ;, which ; are subject to the usual brokerage:- - GOVERNMENT LOANS Buyer Seller. | £ s. d. £ s. d. 3i p.c. Stock, Nov., 102 0 0 — 3J p.c. Stock, March, 1939-43 101 10 0 — 3) p.c. Stock, Sep,., 101 10 0 — 31 p.c. Stock, May, 1939-52 ' 102 0 0 — 31 p.c. Stock, March, 1941-43 101 10 0 — 3i p.c. Stock, Sep., 1941-43 101 10 0 _ 31 p.c. Stock. May, 1941-52 101 10 0 — 31 p.c. Stock, Nov., 1941-52 101 10 0 — 3 p.c. Bonds, 1939-41 .. 96 0 0 — 4 p.c. Bonds. 1943-46 .. 103 10 0 — 4 p.c. Stock. 1943-46 .. 103 10 0 — 4 p.c. Bonds, 1946-49 .. 103 10 0 — 4 p.c. Stock, 1946-49 .. 103 10 0 — 4 p.c. Bonds, 1952-55 .. 102 10 0 — 4 p.c. Stock, 1952-55 .. 102 10 0 — 31 p.c. Bonds, 1953-57 .. 99 5 0 — 31 p.c. Stock. 1953-57 . 99 5 0 —• MINING Argo (Is) — 0 2 l Big River (Is) .. .. 0 1 3 0 1 8 Clutha River (2s) .. 0 2 0 — Gillespie's Beach (Is) — 0 1 51 Goldfields Dredging (Is) — 0 0 3 Molyneux River (2s) 0 1 9 — Maori Gully (Is) — 0 0 7 Nemona (Is) .. .. 0 2 3 0 2 9 0 2 1 — Sandhills (Is) ., .. 0 0 1 — Skippers (Is) .. .. — 0 0 4 Waimumu Sluicing (Is) — 0 0 9 Walpapa Beach (Is) .. — 0 0 81 BANKING N.S.W. (£20) .. .. — 37 0 0 N.Z. (£1) 2 3 9 2 4 6 N.Z. (long D; £1) .. 1 6 0 1 6 6 Commercial.(10s) — 0 13 6 Natl, of N.Z. (£2 10s) 3 2 0 — Natl, of A'asia (cont.; £5) — 7 8 0 Union (£5) .. . .. — 11 2 0 INSURANCE National (7s) .. .. 0 16 11 0 17 2 Standard (£1) .. .. — 2 19 6 SHIPPING Howard Smith (£1) .. — 1 1 0 Huddart. Parker (ord.; p» £1) .... — 2 0 0 Huddart, Parker (pref.; £1) 1 6 6 — P. and 0. Def. Stock ,'1 17 6 — U.S.S. Co (pref.: £1) 1 6 6 —

MEAT PRESERVING N.Z. Refrig. (paid; £1) 0 18 10 0 19 1 N.Z. Refrig. (cont.; — 0 9 0 South. Froz. Meat (paid; £1) .. .. 3 14 0 — South. Froz. Moat i (pief.; £1) .. .. 3 14 0 — WOOLLEN COMPANIES Bruce (pref.; £1) .. — 1 3 3 Kalapoi (cont.; 7s) .. 0 4 6 — Kaiapoi (pref.; 17s) .. 0 Hi 6 — Mosglcl (£4) .. .. 10 2 0 — — 0 19 0 LOAN AND AGENCY Natnl. Mortgage (£2) - 2 13 0 Natl. Mortgage (B 1 9 0 — N.Z. Loan and M. (ord.; £100) .. .. 46 0 0 — N.Z. Guarantee Corp. (3s) 0 4 11 0 5 3 Perpetual Trustees (18s) — ♦3 2 0 Trustees, Executors (£2) 3 14 0 — Wright, Stephenson (ord.; £1) .. .. 1 0 9 — Wright. Stephenson £1) — 1 2 6 COAL Kaitangata (16s).. .. 1 1 9 — Westport (10s) .. .. 1 2 9 — MISCELLANEOUS Anthony Hordern (£1) 0 18 8 0 19 2 Associated News (pref.; £1) .... 1 3 3 — British Tobacco (£1) 2 8„ 0 — Broken Hill Pty. (£1) — 3 18 9 Broken Hill Pty. (cont.; 15s) .. .. — 3 13 0 brown, Ewing (pref.; 1 2 6 . — Consolidated Brick. (£1) ..' — 0 7 9 D.I.C. (ord.; 10s) 0 16 9 C 17 ? D.T.C. (pref.; £1) .. 1 3 9 — Dominion Fertiliser (£1) •• 1 3 0 — Dominion Fertiliser 104 0 0 — Dominion Rubber (£1) 1 11 G — Donaghy's Rope (£1) 2 13 0 — Stock Exchange Pty. (£1) 2 0 0 — Dunlop Perd. Rubber (£1) 1 1 6 — General Industries (12s 6d) — 1 0 3 G. J. Coles (£1) 5 1 0 5 5 0 Hume Pipe (£1) — 0 19 4 Kauri Timber (£1 5s) — 1 4 0 Milburn Lime (£1) .. 2 0 0 — Mort's Dock (£1) .. 0 13 9 0 14 6 Moturoa Oil (pref.; 5s) 0 2 6 — Natl. Electric (£1) .. — 0 14 0 N.Z. Drug Co. (£2) .. — 3 15 0 Farmers' Fertiliser 1 0 3 — N.Z. Newspapers — 1 15 0 N.Z Paper Mills (£1) 1 7 0 — Regent Theatre (£1) 1 0 8 1 2 6 Wilsons Cement (10s) — 2 0 0 Woolworths (ord.; £1) — 8 3 0

BREWERIES N.Z. Breweries (£1, 2 8 0 N.Z. Breweries 12 0 Staples (£1), .... 2 10 0 2 12 6 AUSTRALIAN MINING Austral N.Z. Mining 0 14 0 Broken Hill South — Electro. Zinc (pref.: — Electro. Zinc (ord.; £1) 2 10 3 2 12 3 Emperor (10s) .. .. 0 15 9 — Mount Lyell (£1) .. 2 0 9 2 2 0 Mount Morgan T2s 6d) 0 11 9 0 12 2 North Broken Hill (5s) 3 10 0 3 12 6 Placer Developments — 4 10 Rawang Tin (10s) .. 0 11 0 0 12 0 ** Ex dividend. DIVIDENDS PAYABLE The following is a list of shares on which dividends will shortly be payable:— Mount Lyell—Is 6d per share, June 21 Wilson's Cement — 9d per share, final June 23 Australian Glass (ord.)—9 June 23 Australian Glass (pref.)— Final, 4£ per cent June 23 Gear Meat—5 per cent., 3d per share, half-yearly June 25 Gillespie's Beach — Id per June 25 Goldsbrough, Mort — 8 per cent.. Is 2 2-5d per share, yearly June 25 Kauri Timber — 5 per cent., 7id per share, half-yearly June 25 North Broken Hill—No 106, of Is 6d per share quarterly June zb British Tobacco—Quarterly, 2 per cent., 8 per cent, per annum June 30 Blackwater—10 per cent.. Is per share, half-yearly June 30 Consolidated Goldfields — 5 per cent. 6d per share, half-yearly : June 30 Woolworths (W.A.) —2s per share June - National Mortgage (A issue) —Is per share, half-yearly July 1 National Mortgage (B issue) —6d per share, half-yearly July 1 Dominion Breweries—8J per cent., 10 4-5d per share. half-yearly, about .. July 3 National Bank—4 per cent., Is per share half-yearly .. July 3 Mount Morgan — 4Jd per share, half-yearly .. July 10 Woolworths (N Z.) — 5 per cent.. Is per share, halfJuly 15

Sales on Change £ s. d. Stock, 1952-55, 4 p.c. .. .. 103 5 0 Amalgamated Brick (Auck-* land), 1944, 7J p.c 100 0 0 0 15 9 N.Z. Breweries (rights) .. 1 1 6 Grey and Menzies .. 0 12 G New Zealand Newspapers 1 15 0 Wilson's Cement 1 19 3 1 19 0 2 1 6 WELLINGTON Sales on 'Change Equitable Buildings .. 0 11 0 Tooth and Co 2 15 0 Dominion Breweries (2) .. 2 3 9 2 3 8 2 3 6 0 1 6 Placer Development (odd 4 1 0 4 0 6 Unlisted Stock Woolworlhs, Ltd (late Fri6 18 (i 6 18 G CHRISTCHURCH Sales on 'Change N.Z. Breweries (2) .. .. 2 7 6 N.Z. Breweries (rights; 2) 1 2 D Tooths Breweries .. 2 14 6 0 18 8 0 18 7 5 4 3 5 4 G Mount Lyell (cum div.: 2) 2 1 G Mount Morgan (cum div.; 4) 0 12 1

N.Z. Sheep—

June 18 June 11 June 4.

Crossbred wethers and/ Per lb.) or maiden ewes: tl. d. d 54 51 53 54 5i 5 5 43 43 4J 43 48 Ewes: 42 43 43 33 32 31 32 33 33 31 31 31 N.Z LambsCanterbury: n 71 71 7 7 7 62 02 63 Second quality: Average about 311b .. .. 71 71 7 J Other South Island: n 71 71 7 7 7 03 63 63 North Island Downs: 7* 73 73 7 7 7 63 62 62 Second quality: Average about 301b .. .. 72 7i 73 North Island: First quality: n 73 73 61 6J 63 Second quality: Average about 311b .. 71 71 7 Australian LambsVictorian : First quality: 63 63 63 61 61 61 Argentine LambsFirst quality: Under 361b .. 63 65 63 64 61 6J N.Z. Frozen BeefOx hinds. 145-2101b .. .. — — — Ox fores, 145-2101b .. .. — — — Cow hinds 145-2101b — . — — Cow fores 145-2101b — — — Australian Frozen BeefOx hinds l45-2101b .. .. — — — Ox crops, weights — *"■ " iv.Z n< • fl Beef— Ox hinds, 145-2101b .. .. 51 51 6 Ox fores, 145-2101b .. .. 3S 4 43 Australian Chilled BeefOx hinds, 145-2101b .. .. 5 — 52 Ox crops weights 33 — 41 '»• Smith Africa Chilled BeefOx hinds, 145-2101b .. .. 5i 53 61 Ox fores, 145-2101b .. .. 31 4 41 Southern Bhodesian Chilled Bee — Ox hinds, 145-2101b .. 43 53 53 Ox fores, 145-2101b .. .. 31 31 3J Argentine Chilled BeefOx hinds, 145-2101b .. .. 61 61 6.3 Ox fores, 145-2101b .. .. 4i 41 43 Uruguayan Chilled BeefOx hinds, 145-2101b .. .. 51 52 61 Ox fores, 145-2101b .. .. 32 4 43 Brazilian Chilled BeefOx hinds, 145-2101b .. .. 51 55 6 N.Z Porkei PigsFirst quality: 61 68 63 63 63 6, 63 63 6 H N.Z Baconcr Pigs— 61 61 63

HLGBY, , June 18. Paris— l'ar June 17. June IS. Francs to £1 124.21 110 29-32 110 57-C1 Brussels— Bellas to £1 OsloKrouer to £ 1 30 29.25 IS-ISO 19.90 19.90 Stockholm— Krouer to £1 18.130 19.395 19.393 Copenhagen— Kroner to £1 18.150 22.40 22.40 BerlinMarks to £1 20.34 12.31 J 12.31 J .MontrealDollars to £1 4.80 2-3 4.932 4.933 New YorkDollars to £1 4.80 2-3 4.93 13-10 4.933 Yokohama — Pence to yet) 34.582 13 31-32 13 31-32 Hongkong— Pence to dollar 24.58 11 25-32 14 25-32 BombayPence to rupee — 1SJ 181 BittavlaFlorlus to£] 12.10 8.91 8.90 Milan — Lire to £1 82.16 93 13-10 93 13-10 unsterdam— Guilder to £1 12.107 *.9S 8.98J PragueKroner to £] 104} 1413 1112 llencra— Francs to £1 25.22} 21.54} 21.533 Vienna— Srhlllitmi to £1 84.864 261 20} defsliiufors— Marks to £1 193.23 226} 226} MadridPesetas to £1 25.22} 92 11-32 92 11-32 Belgrade— Dlnars to £1 25.225 210 210 AthensDrachma to £1 375 5471 547} Lisbon— Escodos to £1 110 110 3-10 110 13-10 Bucharest— Lei to £1 931.0 072} 070 Klo de Janeiro— Pence to milreis .. 5.890 *l 4} Buenos AiresPence to pesos 47.22 — — ShanghaiPence to tael — Mi 11 13-32 Montevideo— Pence to pesos — 393 305 Warsaw— ZIotysto£I — 2G.0G 20.08

£1 N.Z. to £100 T.T. 121 121/10/ O.D. 123/10/121/X/9 Australia— £ A to £100 N.Z. T.T 10! 100/10/O.D 101 100/10/ Fijl- £ F to £ 100 N.Z T.T. IW7/6 89 O.D. 90/7/6 89 New York— Dollars to £ N.Z. T.T 3.0051 3.9581 O.I). 4.0051 3.9621 MontrealDollars to £ N.Z. T.T. 3.9950 3.9007 O.D. 4.0081 3.90-17 AustriaSchillings to £ N.Z T.T. — 20.83 O.D. — 20.81 BelKltim — Beleas to £ N.Z. T.T. — 23.357 O.D. — 23.308 Czechoslovakia— Crowns to £ N.Z T.T. — 112.93 O.D. — 112.98 Denmark— Kroner to £ N.Z T.T 18.203 17.893 O.D. 1S.263 17.899 franco — Francs to £ N.Z. T.T. — 88.87 O.D. — 88.91 Ilermany— Reiehsmarka to £ — 9.819 N.Z T.T. O.D. — 9.824 HollandFlorins to £ N.Z. T.T. 7.31S 7.108 O.D. 7.358 7.172 ItalyLire to £ N.Z. T.T. — 75.21 O.D. — 73.26 lava— Florins to £ N.Z. T.T. 7.279 7.129 O.D. 7.319 7.133 Norway— Kroner to £ N.Z. T.T 1C.183 15.893 O.D. 16.213 13.899 Sweden— Kroner to £ N.Z. T.T. 15.785 13.490 o.n. 13.845 13.496 SwitzerlandFrancs to £ N.Z T.T. 17.490 17.220 O.D. 17.395 17.223 Noumea— Francs to £ N.Z. T.T. — 87.50 O.D. — 87.50 I'apeetc— Francs to £ N.Z T.T. — 87.45 O.D. — 87.51 Hongkong— N.Z. pence to 1 IS 11-B4 IS 39-61 dollar .. .. T.T. 18 9-01 18 39-64 O.D. India nno Ceylon— N.Z. pence to 1 rupee .. -. T.T. 222 22 21-32 O.D. 22 11-32 22 21-32 lapan— N.Z pence to 1 — 17 15-32 yen .. .. T.T. O.D. — 17 13-32 <hanchal— N.Z penco to 1 dollar .. T.T. 17 25-32 18 7-32 O.D. 17? 18 7-32 Singapore— N.Z pence to 1 dollar .. .. T.T. 31 23-3; 1 35 13-61 O.D. 313 33 13-61 Chofoo— N Z. pence to 1 dollar .. .. T.T. 175 182 O.D. 17 15-61 18 23-04 Manila— N.Z. pence to 1 peso .. .. T.T. 29 59-04 30 27-64 O.D 29 53-6.; 1 30 27-61 Ail rates subject to i altera'! on without notice

U.S.A Canada (Per£l (Per £1 N.Z.) N.Z.) Celling— Dols. Dols T.T. .. 3.95| 3.96 1-16 O.D. .. 3.96 5-16 3.96 7-16 Buying— O.D. .. 4.00$ 4.003

BfBWWffSl I (53 13 0 Rise in s n Copper, forward • * Electrolytic spot 53 r,0 ,1 0 0 n Itlse 0 4 2 No change Electrolytic, forward.. (12 0 n No change Wire bars .. .. (12 0 n No change Lend. EPOt .. .. 21 8 9 Fall 0 12 (1 Lead, forxard 21 a 3 Kail 0 12 r Spelter, spot .. .. in 0 0 Fall OK! S Spelter, forward .. Tin. spot in 2IH 0 n Kail n IS 0 Kail 0 15 ( Tin. forward .. .. 24." 12 12. r, Fall 0 12 r Silver, fine .. .. 1!) 5-1 'ill niso Ud Silrer standard 21'. !L Rls8 1 .4d

(Received June 20, at 6.30 p.m.) £ s. d. June 19 ....706 June 18 ... .. .. 7 0 6£ June 17 ,...7 0 6| June 16 .. .. 7 0 5| June 15 .. .. 7 0 5h June 14 .. .. 7 0 6k June 10 ....707 June 9 ....7 0 6J June 5 .. .. 7 0 3h June 4 .. ..705 June 3 ....709 June 2 .. ..708

Commonwealth Bonds— 4 per cent., 1938 .. . . 101 12 6 4 per cent., 1941 .. . . 102 15 0 4 per cent., 1944 .. . . 103 17 6 4 per cent., 1950 .. . . 104 0 0 4 per cent., 1961 .. . . 103 15 0 National Bank (£5 paid) . . 7 5 0 Tooth's . 2 15 6 Anthony Hordern .. . . 0 19 0 G. J. Coles . 5 5 6 Broken Hill Ply. (new) . . 3 13 0 Electrolytic Zinc . 2 12 3