COMMERCIAL

Southland Times, Issue 21949, 25 February 1933, Page 3

COMMERCIAL

CITY STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. At yesterday’s call-over on the City Stock Exchange, the following prices were quoted:— Banks. Commercial: s 14/8. E.S. and A. Bank: s 91/-. National of Australasia (cont.): b £5 8/-. National of New Zealand: s 71/6. New South Wales: b £2B 4/—, s £29. New Zealand: b 42/6, s 43/6. Union of Australia: b £7 5/-, s £7 16/-. Breweries. Dunedin Brewery Co.: s 21/9. New Zealand Breweries (Shares): b 26/-; (Stock): b 20/-. Staples’ Brewery: b 22/6. Coal. Westport Coal: b 10/6, s 11/-. Westport Stockton (ord.): b 6d, s 1/-; 8 per cent, non-cum. pref.: s 1/6. Kaitangata: b 17/6. Insurance. New Zealand: b 44/6. South British: b 58/-. Standard: s 51/-. Loan and Agency. Goldsbrough, Mort and Co.: b 24/-. National Mortgage: s 35/-. Perpetual Trustees (Dunedin): s 54/-. Wright, Stephenson and Co. (ord.): s 12/-; (pref.): s 13/-. Meat Companies. N.Z. Refrigerating (20/- paid): s 11/6; (10/- paid): b 3/4. s 3/7. Southland Frozen Meat (£1 ord.): b 40/-; (10/- ord.): b 20/-; (£1 pref.): b 40/-. Mining. Electrolytic Zinc (pref.): s 29/-. Gillespie’s Beach: b 1/4J, s 1/6. Waitahu: b 4/8, s 4/9. Kildare: b 1/11, s 2/-. King Solomon: s 2/2. Mount Lyell: b 20/-, s 20/9. Okarito: b 9/2, s 9/7. Paddy’s Point: b 6/-, s 6/5. Waihi Gold Mining: s 22/-. Waihi Grand Junction: b 3/5. Nokomai: b 5/6, s 6/3. Upper Shotover: b 9d, s 1/-. Freshford: b 1/3, s 1/5. Shipping. Huddart-Parker: b 25/6. Woollen Mills. Bruce: s 10/-. Kaiapoi (ord.): b 4/-, s 6/-; (pref.): b 5/-, s 7/6. Mosgiel: b £6 19/-. Miscellaneous. Australian Glass: b 44/-. British Tobacco (Aust.): 0 33/-, s 34/-. Colonial Sugar Co.: s £53 15/-. D.1.C.: b 10/-; (pref.): s 19/-. Donaghy’s Rope and Twine: b 30/6 Milburn Lime and Cement: b 24/-, s 26/-. New Zealand Drug: b 56/3. New Zealand Paper Mills: b 21/6. Otago Daily Times: s 42/-. Wilson’s (N.Z.) Portland Cement: b 28/-. Woolworths (pref.): b 28/6. Debentures. Government 4J per cent. Inscribed 1938: b £94 10/-, s £96. Government 4j per cent. Bonds 1938: b £94 10/-. Government 4J per cent. Inscribed 1939: b £94 10/-. Government 41 per cent. Bonds 1939: b £9l 10/-. Government 5j per cent. Bonds (Feb.) 1937: b £9B. Government 5J per cent. Inscribed (Sept.) 1937: s £lOl 5/-. THE STOCK EXCHANGE. THE WEEK’S TRANSACTIONS. Trading in the stock and share market during the week has been rather quiet. Dealings in Government bonds and stock has been restricted to a few sales. Prices still continue to hold fairly well, the 5| per cents due 1937 September-March issue selling at £lOO 10/- and £lOO 12/6. Interest on this particular line is payable on March 1, and values will on and after that date be adjusted accordingly. For the FebruaryAugust issue of the 1937 bonds and stock there was business reported at £9B 5/-. A parcel of Government stock due 1941 bearing interest at the rate of 5} per cent, was placed at £95 10/-. Business in the 4J per cents, tax free issues, was confined to a sale or two at £96 and £95 10/-. Toward the end of the week there was more inquiry for this line, but buyers quotations of £94 10/- failed to attract sellers. In local body debentures a parcel of Auckland Harbour Board debentures bearing interest at 5j per cent, was placed at £9B. Very little movement occurred in banking shares, buyers displaying little interest. Bank of New Zealand’s have been in less demand and the price has come back 1/- to 1/3, sales being put through at 43/3 and 43/6. Buyers quotation yesterday was 42/6, sellers 43/6. Commercials of Australia were practically neglected, very limited business being reported at 14/8. At this price the shares show no alteration from that of last week. Bank of New South Wales cum quarterly dividend payable toward the end of this month had a few transactions at £2B 5/- to £2B 12/6.

Insurance companies shares, although sparingly dealt in, remain very firm in price; New Zealands were disposed of at 45/3 and 45/6, showing a rise of 3d to 6d during the week. South British had a sale early in the week at 59/3, but improved still further later- on when a parcel was transferred at 60/-. Standards had a buyer at 50/- and sellers at 52/6. There has been little or no inquiry for Nationals during the week.

In the pastoral group business remains very dull. Dalgety and Co.’s shares had a sale reported at £7 15/-. Buyers were after more but the quotation £7 7/6 did not attract a seller. Goldsbrough Morts’ were wanted at 22/6, but there was no seller below 23/6. National Mortgage A shares were offered during the week at 35/- and buyers for the B issue are still offering 16/-. There are sellers for both lines of Wright, Stephensons; ordinarys at 12/3 and preference at 13/-. No buyers. The meat section is still very dull. Two parcels of N.Z. Refrigeratings were transferred at 3/5 and 3/6. Latest quotations for this stock was buyer 3/5, seller 3/7 and for the fully paids, buyers 10/6, sellers 11/3. In mining companies shares business although not up to that of the previous week, was well spread. Waihis still continue to attract attention, the market keeping very steady, sales during the week were fairly numerous and ranged from 21/6 to 22/-. Waihi Grand Junctions had limited business at 3/7 and 3/6. An improvement has taken place in Paddy’s Point sales at 6/2 and 6/3. Gillespies Beach went from 1/4 to 1/7, later coming back to 1/51. King Solomons are about on a par with last week’s figure, sales at 2/2 and 2/11. Quotations yesterday for these shares were buyers 2/1, sellers 2/2. Okaritos had one sale reported at 9/6 and further buyers offering 9/3. This company is paying a dividend of 6d per share on March 6. Waitahus came in for a little attention during the week. Several sales were reported at 4/9. Mount Lyells are fractionately weaker, selling

at 20/- and 20/2. Mahakipawas remain unaltered at 3d and 2d. Freshfords were disposed of at 1/6 and 1/51. Nokomais are practically unchanged in price, and only a few parcels changed hands. Golden Sands are steady at 3/-. Upper Shotover had buyers at 9d. sellers 1/-. Kildares went without business, the quotation being, buyer 1/11, sellers 2/2. The Kildare Consolidated Gold Mining Company showed a profit of £1298 for year 1932. The directors have decided to recommend the payment of a dividend of 121 per cent. This will absorb £lOOO. The total quantity of gold produced for the year amounted to 5720 z, valued at £3481, the greater part of which was produced during the last six months. In the miscellaneous section the volume of business has been about up to the average of the last few weeks, the market generally being inclined to weakness. Colonial Sugars at £53 5/are back in price about 10/-. Wilson’s Cements show little variation in price at 29/3 and 29/6. N.Z. Drugs remain steady at 56/6. New Zealand Breweries were the most active stock in this section. The market is back a little, sales at 26/6 to 27/-. British Tobaccos have been very quiet with the price unaltered at 33/3. A parcel of Dunedin Brewery Company’s shares was reported sold at 21/6 and a sale of Dominion Fertilizers was recorded at 10/-. These shares are £1 fully paid. NORTHERN EXCHANGES. (Per United Press Association.) Auckland, February 24. Sales on ’Change: Bonds 1938, 41 per cent. £96; Stock 1938, 41 per cent. £95 15/-; Commercial Bank 14/7 (2); Bank of New South Wales £2B 10/— (2); National Insurance 16/3; N.Z. Guarantee Corporation 5/6; N.Z. Loan and Mercantile £39; Westport Coal 11/-; Devonport Ferry 19/-; Huddart Parker 28/9; Electro Zinc pref. 28/3; Gillespies Beach 1/5; Paddy’s Point 6/3; Waitahu 4/9; Mt. Lyell 20/3; unlisted, British and foreign concessions (20/- paid) 25/-; N.Z. Newspaper 20/-. Wellington, February 26. Sales on ’Change; South British Insurance 60/-; Henry Jones, late Thursday 37/3; Gillespies Black 1/5 (2). Christchurch, February 24. Sales on ’Change: Commercial Bank of Australia 14/7; National Bank of New Zealand £3 8/-, £3 7/6; Bank of New South Wales (cum. div.) £2B 15/-; N.Z. Refrigerating (£1 paid) 10/9; Westport Coal 11/3; Electrolytic Zinc (pref.) 28/-; New Zealand Breweries 27/- -(5); British Tobacco 33/6; Mt. Lyell 20/3; Woolworths (N.Z. pref. 32/6; Blackwater 21/9, 21/7, 21/8; Golden Point 3d (2); Lawson’s Flat 81d (2); Mahakipawa 2d (2); Nokomai 6/-; Freshford 1/4; Christchurch Gas 24/9. Sales reported: Westport Stockton Coal 61 per cent. (1933) £5O 1/-; Union Bank of Australia £7 10/6; British Tobacco 33/5 (2); N.Z. Breweries 27/1. Dunedin, February 24. Sales on ’Change: Dominion Fertilizer 10/-; Okarito (two) 9/3 cum div. Sales reported: Mount Lyell (two) £1 0/3; Paddy’s Point 6/3; Blackwater (2) £1 1/6. THE DOMINION EXECUTIVE TRUST. LTD. STOCK AND SHAREBROKERS. FINANCIAL ADVISERS. SECURITY BUILDINGS. Stuart Street, Dunedin. Telegrams “Executive,” Dunedin. Invercargill Address: P.O. Box 109. 0r778 A. 11. MACKRELL. STOCK AND SHARE BROKER. Member Invercargill Stock Exchange. Federal Buildings, Dee Street, Invercargill. 6J PER CENT. ON HIS SAVINGS has secured FINANCIAL INDEPENDENCE for many a man. ANYTHING may happen to you if you depend entirely on personal earnings. The Brochure “Gilt Edge Debentures” will show you how to build a “Second Income” on which to lean in time of need. Write for it to-day. THE SECURITIES CORPORATION (N.Z.), LTD. Investment Counsel and Brokers. National Bank Chambers, Invercargill. Also at Dunedin, Christchurch and Wellington. DUNEDIN MARKETS. (Per United Press Association.) Dunedin, February 24. With the continuation of fine weather threshing is becoming general in the Otago district and several lines of Central Otago grown wheat have already been delivered to millers. The quality of the wheat is good and there is no difficulty in having it passed as F.A.Q. milling. Deliveries coming in will be paid for this month by an advance of 3/4 for Tuscan f.o.b. growers nearest port, 3/6 for Hunters and 3/8 for Velvet. The increments for the later deliveries will not commence till May. The local fowl wheat market is being supplied with small lots of Canterbury grown on a basis of about 3/9 per bushel, sacks extra ex store. The turnover, however, is not large. Now that southern wheat is offering more freely, it will not be long before this class of cereal is available in larger quantities. Canterbury still controls the oat market and several large lines have been sold in this district. According to reports from Canterbury large areas of oats which were put down for the feeding of stock or for ploughing in will prove available for threshing consequent on the favourable weather experienced in the spring. Although prices are low farmers are selling as the yields from these particular areas can be considered as found money so to speak. This has had a serious effect on values and as consequence it will affect the financial returns from those southern growers who sow oats solely for the general market. The present value for A Gartons is 2/- per bushel f.o.b.s.i. with B’s at lower prices. Odd lines of oats have been threshed in the Otago district but farmers are not prepared to meet the market. Both millers and merchants are being guided by the values ruling in Canterbury and will not pay more than these values. The chaff market continues quiet with only small lots being inquired for. The value of the best quality is £3 10/- per ton, sacks extra ex store. The potato market continues weak and only small quantities are reaching the market to meet the immediate demand. The digging of main crops will be in full swing at the end of March and early in April. Little interest is being displayed in the seed market. There is practically no demand from the North Island and even at the low prices ruling merchants generally are not prepared to buy owing to poor prospects of finding an outlet. Samples of ryegrass have been offering more freely. The value of this seed is up to 1/6 per bushel, on trucks sacks extra for best quality. Cocksfoot continues to be offered in small lots from Canterbury and the general quotation for machine dressed Akaroa is 6d to 6)d per lb. Fruit Report.

Business in the fruit marts has shown little change during the week. Jam fruit is still offering at payable prices to growers. There is little demand for jam plums and poor quality peaches and nectarines are hard to quit. Large quantities of jam fruit have been carried over each day in the auction rooms and at the end of the week there is an accumulation of supplies. Nelson grown Cox’s orange

pippins are in heavy supply and as a consequence prices have dropped con-, siderably. Some very fine quality apples are offering and up to now prices for these have proved satisfactory. Gravensteins are also in good supply and the market is easier. Bon Cretien pears are in oversupply and sales are hard to make at late rates. The tomato market has been irregular and weather conditions from day to day have affected supplies. The market was easier towards the end of the week with large Quantities coming forward from Canterbury and Central Otago. Apricots are almost finished for the season. Choice quality continues to bring high prices. Grapes are arriving from local hothouses and also from Kakanui. Prices declined each day during the week and choice quality were offered at as low as lOd per lb. Freestone peaches are now in heavy supply. The demand is confined to choice quality. Nectarines are in full supply. Prices rule low. Heavy crops of nectarines are reported in Central Otago. Choice quality dessert plums are realizing fair prices only, as stated, fair quality have little demand. A shipment of Fiji bananas is expected next week ex the Karetu. These are being transhipped at Auckland. A shipment of Samoan bananas ex the Maui Pomare reached the market on Tuesday. They did not meet with very keen inquiry consequent on heavy supplies of stone fruit on the market. There were about 600 cases for the local market. Oranges and lemons are in short supply and prices rule high.. Blackberries are offering freely and have a fair demand. CANTERBURY MARKETS. (Per United Press Association.) Christchurch, February 24. There has been a welcome increase in business activity during the week. Fowl wheat is now offering in considerable quantities and the price for prompt has eased to 3/1 f.o.b.s.e. There is no change in spread quotations, there being compar tively few sellers of later deliveries with North Island buying only sparingly. The supply of prompt wheat considerably exceeds the demand. Milling wheat is now coming forward rather faster than the market can absorb and anything but best grade is not easy to place. With millers taking best lines there is a tendency to divert ordinary f.a.q. wheat into the fowl feed market. The milling sample generally is good. Oats show no change in values and there is very little market for them. Algerians are quoted at 1/2 to 1/4, and Gartons 1/3 to 1/5. North Island interest in the potato quotations to growers are £2 per ton. Cocksfoot is offering freely. Akaroa is quoted at 3d to 31d per lb, for best plains a halfpenny lower. WAIKAKA STOCK SALE. SUBSTANTIAL ENTRY. The first sale held at Waikaka for some months took place yesterday, when there was a substantial entry of both sheep and cattle. There was a large attendance, but although the great bulk? of the offering was cleared, the market was dull prices showing no improvement over late rates. Included in the sheep entry were a number of lines of good lambs and forward sorts met with a fair inquiry at prices ranging from 7/4 to 10/2 according to condition. Medium sorts brought from 5/- to 6/-, with tussock lambs selling at from 2/9 to 3/2. Only an odd line or two of young ewes were forward and these realized from 10/- to 11/2. The cattle section was mostly comprised of stores for which there was practically no demand, most of the offering being passed. Sales were: — Southland Farmers’ Co-operative Association Ltd.: 74 wether lambs at 4/9; 74 two-tooth ewes at 10/-. Dalgety and Co. Ltd.: 146 medium tussock lambs at 3/2; 368 rape lambs at 7/4; 191 ewe lambs at 7/6; 156 m.s. lambs at 7/9. National Mortgage and Agency Co. Ltd.: 97 rape lambs at 7/7; 146 do at 9/2; 138 wether lambs at 6/2; 118 tussock lambs at 2/9; 128 wether lambs at 5/8; 90 m.s. lambs at 6/2; 89 cull do at £4 5/- (the lot); 5 fat ewes at 4/9; 30 m.s. lambs at 3/-; 189 rape lambs at 6/9. Wright, Stephenson and Co. Ltd.: 77 forward ewes at 4/-; 41 m.s. lambs at 7/3, 12 do at 10/3; 4 store steers passed at £2 10/-; empty cow at £2 10/-; do passed at 15/-. N.Z. Loan and Mercantile Agency Co. Ltd.: 180 m.s. lambs at 6/1, 208 forward ewes at 3/5; 92 store wethers at 7/2; 126 two-tooth ewes at 11/2; 23 cull m.s. lambs at 20/- (the lot); 7 heifer calves passed; 6 15-months heifers at 31/-. J. E. Watson and Co. Ltd.: Empty heifer passed at £2.5/-; 1 steer passed at £4 5/-; 5 empty cows passed; 1 steer at £4 10/-. EASTERN DISTRICT FAT STOCK. BURNSIDE SALE. Eastern District vendors of fat stock at the Burnside stock market on Wednesday secured the following prices: Fat Cattle: Henderson and Co. Ltd. Wyndham (as agents) two bullocks £7 7/6. six £6 2/6; W. Miller (Edendale). bullock £5 17/6, two £3 17/6, heifers £2 7/6 and £2 5/-. Fat Sheep: Henderson and Co. (Wyndham), six wethers 13/9, 12 ewes 7/6. 10 6/-, 18 5/-, 7 4/9, 75 4/6. A. S. Herbert (Kelso), 17 ewes 9/-, 31 8/-, 13 6/-. John Dennis (Waikaia), pen of wethers 15/-; J. Kirk (Kelso). 19 wethers 14/6, 19 13/9, 20 13/-, pen of ewes 10/-, pen of ewes 6/9. A. Thomson (Kelso), 9 wethers 13/-, 13 ewes 9/6, 16 9/-, 17 8/-, pen of ewes 7/6. Stalker Bros. (Kelso), 15 wethers 17/6, 14 17/3, 17 17/-, 15 16/3, 17 15/6, 14 15/3, 15 15/-, five ewes 10/9. J. Sim (Heriot), 12 ewes 9/6, 10 9/-, 16 7/3, 15 4/6, 6 8/6. S.. Sim (Heriot), 15 ewes 7/6, 23 6/6, 7 6/3, 19 5/9. KING SOLOMON WASH-UP. The wash-up at the King Salomon Mine for the past week totalled 760 z. SYDNEY STOCK EXCHANGE. COMMONWEALTH BONDS RECOVER. (United Press Assn.—Telegraph Copyright.) (Rec. 8.45 p.m.) Sydney, February 24. On the Stock Exchange to-day the principal company shares made a strong showing and classified stocks were firm. Commonwealth Bonds recovered from three to eight points.

GOVERNMENT SECURITIES. (United Press Assn.—Telegraph Copyright.) London, February 23. The following are the latest quotations of Government securities, compared with the prices ruling on Febriinrv IK*—

DAIRY PRODUCE QUOTATIONS. Messrs Dalgety and Company Ltd. report having received the following market cable from Messrs Samuel Page & Son., London, under date of 23rd inst.— Butter.—Market steadier. We quote: Danish 100/- to 103/-; New Zealand finest salted, 74/- to 75/-; Australian finest unsalted, 72/- to 74/-; Australian finest salted, 71/- to 73/-; Australian G.A.Q. 68/- to 70/-. Cheese.—Market steadier. We quote: New Zealand White 42/- to 43/-; Coloured 47/- to 48/-. Canadian white 60/- to 68/-; coloured 60/- to 68/-. Messrs Henderson and Co. Ltd. report having received the following cable dated 24th inst. from their London principals, Messrs Trengrouse &

Nathan Ltd.: Cheese —White 43/-. 44/-; coloured 47/-, 48/-. Rather better feeling market. Mr A. H. Mackrell, agent for Messrs R. and W. Davidson, Glasgow, has received the following market report: Butter: 74/- to 75/-; market improving. Cheese: White 42/-; coloured, 48/-. Market steady with more inquiries. Messrs A. H. Turnbull and Co. Ltd. agents for Messrs W. Weddel and Co., advise having received a cable from their principals, Messrs W. Weddel and Co. Ltd. dated London, 22nd inst. in which they advise. Danish butter 104/-; N.Z. Salted 72/- to 75/-; Kangaroos 70/- to 72/-. Butter market quiet. N.Z. Cheese white 42/to 43/-; N.Z. Coloured 45/- to 46/-. Cheese market quiet.

Messrs A. S. Paterson & Co. Limited report having received the following cable advice from their principals, Messrs J. and J. Lonsdale & Co. (London) Limited: Butter: Continental, shipment during February-March, after improvement. Danish slightly easier 84/- (landed cost 104/-). Colonial, market is generally better in tone, more active. New Zealand 76/-, Australian 74/-. Cheese: Market is firm in consequence of small stocks. White 43/-, 44/-. Coloured 47/-, 48/-. BANK OF AUSTRALASIA. (United Press Assn.—Telegraph Copyright.) London, February 23. The Bank of Australasia has declared a final dividend of four shillings per share, making seven per cent, for the year. The sum of £169,783 was carried forward. WHEAT CARGOES. (United Press Assn.—Telegraph Copyright.) (Rec. 5.5 p.m.) London, February 23. Wheat cargoes: Sellers’ demands are occasionally higher but trading is inactive. Parcels are in poor demand and Australians can be obtained at reduced prices. Futures: London, Feb-ruary-April 19/4. Liverpool: March 4/6j, May 4/7j, July 4/9, October 4/IU. Spot trade is slow. Australian ex ship 25/- to 26/3. Flour is dull. Australian ex store 20/6. Oats are sixpence lower. Peas and beans are neglected wnh prices unchanged. THE METAL MARKET. (United Press Assn.—Telegraph Copyright.) (Rec. 8.45 p.m.) London, February 23. Metal quotations compared with

THE PRICE OF GOLD. (United Press Assn.—Telegraph Copyright.) London, February 23. The price of gold to-day is quoted at £6 2/- per ounce.

Sales:— £ s d Bank of New South Wales 30 7 6 Commercial Bank of Sydney 16 12 6 United Insurance 7 15 0 Australian Gas (a) ex div. 7 0 0 British Tobacco 1 14 10J British Tobacco (Melbourne register, New Zealand delivery) 1 14 9 Tooth’s Brewery 1 15 0 Toohey’s Brewery 1 1 4J Dunlop Perdriau 17 9 Morris Medstrom 17 9 Fairymead Sugar 1 5 9 Colonial Sugar 54 17 6 Commonwealth Bonds (4 per cents) 1938 102 16 3 1941 103 5 0 1944 103 7 6 1957 103 5 0 1950 102 7 6 1955 102 10 0 1961 103 15 0 Melbourne Sales. Dunlop Perdriau 17 11 Broken Hill Pty. 1 7 9

ruary 10: — Feb. 16. Feb. 23. £ s d £ s d Imperial consols, 2| p.c. 74 2 6 74 0 0 Funding Loan, 4 p.c., 1960-90 110 0 War Loan, assented, 3£ p.c. 99 5 0 111 5 0 0 99 5 0 Conversion Loan, 3£ p.c. 99 17 6 99 17 6 Victory Bonds, 4 p.c. 109 10 0 107 12 e Commonwealth, 6 p.c., 1931-41 106 1 Commonwealth, 5 p.c., .1945-75 101 16 Commonwealth, 3j p.c., 1936-47 101 12 3 106 5 0 9 101 15 0 6 101 11 3 Victoria, 5i p.c., 1930-40 103 10 0 103 15 0 Victoria, 51 p.c., 1932-42 103 0 0 103 2 6 Victoria, 4,j p.c., 1940-60 103 2 6 103 2 6 Victoria, 31 p.c., 1929-49 96 0 0 96 5 0 Victoria, 3 p.c., 1929-43 87 10 0 87 15 6 New South Wales, 61 p.c., 1930-40 103 2 6 103 0 0 New South Wales, 6 p.c., 1930-40 101 2 6 101 6 3 New South Wales, 4 p.c., 1933 101 16 9 101 8 9 New South Wales, ' 31 p.c., 1930-50 93 17 6 94 0 0 New South Wales, 3 p.c., 1935 100 0 0 100 0 0 Queensland, 6 p.c., 1930-40 104 15 0 104 15 0 Queensland, 5 p.c., 1940-60 102 2 6 101 15 0 Queensland, 3 p.c., 1942-47 88 2 6 88 1 3 New Zealand, 6 p.c., 1936-51 107 7 New Zealand, 41 p.c., 1948-58 107 0 6 107 15 0 0 107 0 0 New Zealand, 31 p.c., 1940 100 0 New Zealand, 3 p.c., 1945 92 17 0 99 17 6 6 92 18 9 South Australia, 61 p.c., 1930-40 101 15 0 101 15 0 South Australia, 3A p.c., 1939 100 15 South Australia, 3 p.c., 1916 or after 77 0 Tasmania, 61 p.c., 1930-40 102 5 0 100 15 0 0 77 0 0 0 102 0 0 Tasmania, 31 p.c., 1920-40 99 15 0 99 12 6 Tasmania, 3 p.c., 1920-40 94 0 0 94 0 0 West Australia, 6 p.c., 1915-35 99 15 0 100 0 0 West Australia, 3 p.c., 1930-40 102 12 West Australia, 31 p.c., 1920-35 101 2 6 102 15 0 6 101 5 0

those for February 22 are:— Feb. 22 Feb. 23 £ s. d. £ s. d. Copper, standardSpot 28 8 9 28 8 9 Forward 28 13 U 28 13 9 Copper, electrolyctic— Spot 32 7 6 Forward 32 17 6 American 5 cents. Wire Bars 32 7 6 Lead— Spot 10 11 3 10 11 3 Forward 10 15 0 10 15 0 Spelter— Spot 14 0 0 14 1 3 Forward 14 5 0 14 6 3 Tin— Epot 148 6 3 147 17 6 Forward 148 13 9 148 8 9 Silver (pence)— Standard 17 17 5--16 Fine 18 5-16 18 11--16