COMMERCIAL.

Press, Volume LXI, Issue 18402, 8 June 1925, Page 10

COMMERCIAL.

HONEY WEEK. TO STIMULATE CONSUMPTION. DISCUSSION BY BEEKEEPERS. (SPECIAL TO "THE PMSS.") GREYMOUTH, June 6. There was no lack of practical suggestions for the carrying out of "Honey Week" when the remit from the Canterbury. Branch asking that the Honey Producers' Association, in conjunction with tho National Beekeepers' Association, should conduct a ''Honey AVeek" throughout tho Dominion with'the view to increase the consumption of honey, camo before tho Beekeepers' Conference. Tho igreat difficulty was in respect of finance, and accordingly the remit as agreed to took tho form of a recommendation to the executive of the Association to consider what could be done in tho matter.

Mr A. Ecroyd, in moving the remit, said that it would be for the conference to decide on the details of tho scheme. Ho himself suggested that something might bo done on simifar lines to the "Lemon Week" held in Christchurch ■towr.rds tho end of last year when, in order to get rid of an overstock of lemons, thoso interested made a display on lorries. Ho thought that a display of honey on similar lines could be made for about 30s, and said that tho Canterbury Branch was prepared to find thrft amount out of its own funds and, possibly, other branches could follow suit.

Mr W. B. Bray suggested that the Health Department should be got interested in honey in connexion with the Department's activities in respect of the dietary of school children. Doctors were all against indiscriminate sweeteating in order- to preserve the children's teeth, but honey was one of the best sweets. He also suggested *hat lectures on the benefits of honey-eating should bo given in the schools. Mr W. "Watson:- If we had more sfilicolmaslora that were beekeepers Tho president (Mr A. R. Bates): They would keep the children sweetened all the year round! Mr E. Airey said that the West Coast Branch intended placing a hive of bees in the ground 3 of the Technical School and get a local apiary instructor id give demonstrations from time to time. Mr R. A.' Gibli, who was formerly : a school teacher, said that when in Auckland he had called on the schoolmaster at Pakuranga, who was an enthusiastic beekeeper and who had gotthe scholars familiarised -with • apiary work; in addition it was. a,sp'oridid Nature studyHe himself had done the samo /thing with his scholars.

Mr T. S. Winter, (general secretary of the Association) gave some particulars of which Mr Gibb had referred; to as "one of the best stunts" —the presentation of two cases of honey to the in Dunediu I whicli 'deals with children showing, the effects of malnutrition. Mr Winter said that the children's diet consisted of' ; por-' ridge. . milk, _ honey and hrow'n bread. Dr. McCredio had told him that as'the result of this diet eich'child had- increased in< weight, and added that honey especially was one'item that the children went for—in fact the doctor's one difficulty was to-getenough honey. Mr G. L. Hight (Hororata) eaid that Hi selling honey in his district ho had been astonished at the number, of people who said that -they' couldv not eat honey: he did not (know whether it •wap imagination-,or • something in the honey had J, made them suffer terrible pains piter eating honey. ' "Mr Bray remarked that' there .'were always some neurotics who suffered. He 'ascribed the effect honey had' on some people'to the fact "that they-had eaten honey' from box hives from which the pollen had not been separated; the effect was to produce nausea. Such people would find extracted honey, all" right. '.-Sir' Hight said that eomebf the people lie, referred to had 1 tried extracted honey anditprodueedt.hesameeffer.tr /Mr Bray: Then it is they are hopeless! -.'ln the course of the discussion it was mentioned that to conduct a Dominion "Honey Week" would involve an expenditure of about £IOOO. ' ■ I

K AUSTRALIAN MONEY. MORTGAGES AT 7 PER CENT, -;'Tho latest issue of the "Australasian Banking Record" Bays:—There has lieen a, good enquiry of late for loans ournibrtgage r on:;country .property,; and I trustees have been able to obtain 7 per cent., while the same rate has been obtained on town property. The supply of • money available for the purposo is not excossive, while there are a fair number of borrowers of the class to whose requirements a, fixed mortgago is iimablo; -''

; VICTORIAN LOAN MOOTED, . fADSTBALIAK.AND-KJS.-OABlll ' ASSOCIATION^ * '■ ' LONDON, June 5. • It is understood that. Victorians contemplating floating a loan for £4,000,000,. but it is improbable that there will r be any Australian flotations before September.. . '..:.■ THE ROYAL SHOW, y f (BPWJIAL TO "THE PEBSS.") BLENHEIM, June 7. • It was officially announced at a meeting of the Marlborough A., and P. Association that 'Mr O. O. T. Rutherford had been appointed to judge the halfbred sheep at this year's ltoyal Show. Mr Rutherford remarked that it was the first he had heard of his appointment. , , The hope .was expressed that ho ( would accept the position. '

LONDON "APPLE MARKET, (AU3T*AUi» ITO MX. CABM ASBOaATHMr.) (Received June 7th, 5.5 pjm.) •_.' , . LONDON, Juno 6. ii» _appl« market is very firm The Taiarpa's New Zealand shipment sold as under aia to 22s per case! Dunns ISs 6d to 19s, Jonathans 15ato W Delicious 14s to 17a, Londona 15 8 .t0 17s. ~ ■" {WHEAT.,, ' (AUSTBALUir AHD N.Z. CABM ASSOCIATIOS.) . (Received June 7th, 5.5 pjn.) : LONDON!, June 6. Cargoes are steady, on a better enquiry, and bullish American news, but quotations at present show scarcely any change Parcels are. . firm, with Manitoba's 3d dearer. Liverpool futures are quoted as under- ; July 12s 7Jd perloolb, October 12s OJd. Chicago wheat quotations are:—July 169» cents per bushel, September 1665, December 167 J. ..,"-.•'

EXPORT OF HONEY. OPERATIONS OF CONTROL BOARD. STATEMENT BY THE BOARD'S CHAIRMAN. (SPECIAL TO "THE PHBSS.") GREYMOUTH, June 1. To the Beekeepers' Conference, Mr J. Rentoul, chairman of the Honey Export Control Board, made a comprehensive statement regarding the operations of the Board. Mr Rentoul said that, unlike other industries under control, the honey export business had been practically controlled since it became an industry. That control had been exercised in a voluntary way through the Honey Producers' Association, and the success of that voluntary control had been demonstrated. It might be asked why it was necessary to go further in the matter. Certain conditions had arisen during recent times, and tho voluntary control alone was not sufficient to safeguard their marketing operations in the only markets they possessed for their product. Under the voluntary pool system' they had spent a considerable amount of money in establishing a market and in securing a reputation , for New Zealand houey in Great Britain and in parts of Europe. There was a necessity, some of tiiie principal supporters of "the industry considered, to take some steps, to safeguard the position attained.. The reason why the voluntary system was abandoned, and why what is, to a certain extent, 'a compulsory system had been gone in for, was that they had no means to prevent selling competition, on the export market. Buying competition was all right as far: as the, producer was concerned, but selling competition was a different matter. There had been opposition to control of dairy produce recently and the same applied to honey control; in both cases it was due to vested interests, though, in the case of honey, the : interests involved were not so great. Honey producers had been-alive to the position that might arise if the business had been allowed to go on as it was going. Under voluntary control, individual exporters were selling on tihe Home market in opposition to the hulk of the honey there, and this made it difficult to maintain the price that the voluntary control was asking. Some said that supply and demand was sufficient control, but they had a product that .was produced at one time of the year, and they found when fhey put it, on ,i,he market that the demand was small and the price correspondingly low. They had been endeavouring to spread their.sales over twelve months, in order to. keep up a continuous supply, and a fairly reasonable price.. He .did not think that there was any doubt th'at their system of marketing was .the best one; they, were backed up In their.. opinion by- the efforts of the dairy produce people, and those connected.with other industries, to do th« ;same<as they were doing. They had to remember that there was no country crying out for their honey and that it was a matter of forcing its way on a market already supplied; it was practically a fight to get in on the market. Producers were beginning to realise that they cannot continue to market their produce as individuals and realise a fair return.. The buying side was organised and unless the sellers organised they would; be certainly at a disadvantage. The Act had practicallypnly just come into force; The.control taken by the Board was what was called a' limited control; it*was not absolute control. , Under limited control the honey was shipped to one distributing agent, in London in- order to ensure that the-lines of'honey exported would not be brought into competition one with another. The' Honey Producers' Association endeavoured to pack in retail packages, so that New. Zealand honey-could be sold as a packed honey, carrying the name of New Zealand honey; it did not lose its iidentity, unlike New Zealand fruit, butter, or cheese, which lost its identity as soon ad it was taken out of its original packing, in this way New Zealand honey had been a valuable advertisement for the Dominion. The honey was shipped to A. J. Mills and Company, a reputable London firm. Honey shipped by others than the Honey Producers' Association was also shipped to that firm, which had been instructed to- deal equitably -with all honey, from New Zealand, the only stipulation being that one line or New Zealand, honey shall not be sold against another line to break down prices: outside shippers had.to notify the chairman of the Control Board of the quantity shipped and the date of shipment and the name of the vessel; outside shippers could obtain the same finance as those who shipped through the Association. Mr Rentoul said that in his opinion, control should go beyond this; it would be far better if the' Board took over the whole of the export, handle the export'entirely, and deal with the whole of the honey, on the same basis. . At, the present time it was. riot advisable to do this, as it would saddle the beekeepers with the cost of two organisations. If the Board took, over the whole of the control it would be a different matter/ Then the whole of the shippers would contribute their equitable share towards the cost of advertising and of maintaining the business. That was the end they should endeavour to attain. At the end of the year he was the member of the Board,who' was to retire, and if eligible for reelection, and if re-elected, it would be his effort to have control perfected, and the whole of the honey pooled and charged with the cost of marketing at Home. He wished it clearly understood that he would aim to bring that about and he did not want any misunderstanding as to his position if he went back on the Board. On, the motion of Mr A. Baty, seconded by Mr Airey, and without discussion, it was resolved: "That this conference affirms the principle of control and considers that the action taken by the .Control Board in regard to the honey export is entirely in the interests of the industry." The president (Mr A. R-. Bates) said that he thought they were fortunate in petting Mr Rentoul as chairman of the Control Board; ho thought that they all had absolute confidence in him.

AUSTRALIAN INSURANCE RATES. A.- proposal has been made to increase i insurance rates on many lines of property, city, suburban, and country, says the "Sydney Morning Herald." The proposed increases range up to 20 per cent, above rates at present ruling. Most support to the proposal is being given by underwriters, who the past two years have suffered more than ordinary losses on their fire business, in large part owing to undesirable propositions having been acceptedi Other companies are offering strenuous opposition to the proposed, increases, a decision on the matter is expected very shortly. I; ■' V— ' "'■ ; - I Evans and Bull, 63 Cathedral square, report having just sold by private trenty on account of Mrs N. Davison, LadKrooks, 48J acres, together with all improvements, to Mrs T. Irvwg;. also on account of Mr R. Brown, 105 acres, Springston, with all improvements thereon to Mr L. P; Lock; also on account of Mr B. C. Hill, 20 acres, Prebbleton, wTTn nil improvements, to Mr W. Tucker; also on account of Mr R. Coates, 80 perches and dwelling thereon, situated Sulby road, Cashmere, to, Mr J. 0. Amyes; also on account of Mr G. T. Cox, Templeton, 20 acres with buildings thereon, to Mr "W. Sandiozd. —4.

. THE WOOL YEAR. A HEAVY HOLD-OVER. For statistical purposes Dalgety and Co., Ltd. (Christchurch), make tho wool year end Juno 30th. There is still a month to go, but the following figures may be taken as final (although for eleven months) 21 liales being offered and 9 sold during the month of May:—

The quantity of wool unsold was 67.176 bales, "but somp of that will have been privately disposed of. Exports of .wool for the eleven months, 1925, were u01,699 bales, eomijared with 579,950 for the corresponding period of 1921. Ekports during Mav were 34,920 bales.

OVERSEAS TRADE. IMPORTS AND EXPORTS. The overseas trade figures for' New Zealand for tho month oi April -were: Apl. 1925. Apl. 1924. £ £ Imports .. .. 4,166,494 3,095,183 Exports 6,894,039 6,271,621 Following are the figures for the first four inoniha of the year: Jan.-Apl. Jan.-Apl. 1925. 1924. £ £ Imports .. .. 17,289,817 14,925,014 Exports .. 29,823,591 26,942,129 The principal exports for the month of April were:

Tho chief feature of the import trad© for the month is that tho number and value of motor-cars imported are double thoso of April, 1924.

NEW COMPANIES. .-Kegistration of the following new companies is announced in this week's "Mercantile Gazette":—' j Wardell's, L'td. Eegd. as a private com pany May 16th, 1925. Office: 162 Caahol elreot, Christchcrch. Capital: £25,000 into 25,000 shares of £1 each. Subscribers: Christchurch—William Wardell 24,999, S. Moore 1. Objects: To carry on in New. Zealand and elsewhere . the business of grocers and importers', ■ and general. S. Johnston and Co., Ltd. ' Begd. as a private company May -21st, 1925. Office; High street, Leeston. Capital: £3OOO, into 3000 shares of £1 each. Subscribers: Leeston—S. Johnston 1800, G. E. Hampton 1200. Objects: To adopt agreement for purchase of business of draxjerj gr.6cer, and general provision-merchant, from S. Johnston and to-carry on. same. c. ..T. Douglas and Co., ,Ltd. Rcgdv-as a private company May 27th,' 1925. Office: Moore street, Ashburton. . Capital: £SOO, into 500 shares, of £1 each. Subscribers: Ashburton—T. Douglas 200, W. G. Wilson v IOO. Christchurch—A. J. ' Williamson 200. Objects: To acquire and take over and carry on the business of plumbers and chain layers lately 'earned on by T. Douglas. ;

\ RAKAIA STOCK SALE. •A3 the fat'stock .season is drawing to a close and the local freezing works will probably close shortly, most of the fat lambs and ewes in the district have been sold off and the entry at the fortnightly sale ■was Bmall. Most, of the lots offered were light end second quality. The following prices were realised:'—Best fat lambs made 84s, lighter lambs 293 to 31» 2d, light and unfinished sorts 26s to 27s €d. Tat wethers made 393; fat ewes 24s 9d;- fighter and •unfinished ewes 16s to 21s 6d; store wethers 32a 6d; store lambs 21s to 23s 6d. Weaner prgs made 12s 6d to 16s.

SMITHFIELD MARKET. (PRESS ASSOCT&TTON a-EMGEAM.) WELLINGTON, June 4. The New Zealand Meat Producers' Board has- received the .following cable from its London office, dated June sth, 1925, advising Smithfield delivered prices at that date as follows: — (Prices for the two previous weeks arc also shown.) Now Zealand wethers and maidens: Canterbury quality 1 selected brands, 56-under 5-6-25, BJd; 29-5-26, BJd; 22-5-25, Bid per lb; 57-64 7d, 7d, 7Jd; 65-72 6gd t 6Jd, 6Jd. Other brands: 56-under 7Jd, 7£d, 8d; £7-64 62d, 6Jd, 7d; 65-72 6Jd, 6Jd, 6|d. / New Zealand • ewes: 64-under s£d, 5Jd, 5Jd. New Zealand lamb: Canterbury quality, 86-under 12Jd, 12gd. 12id; 37-42 lljd, Hid, ll*d; 43-50 10Jd, 30Jd, lOJd; seconds lljjd, ll|d, lljjd; selected' brands: 36-under 12Jd, 12Jd, 12Jd; 37-42' lljd. lljd, IIid; other brands, let quality, 42-under 11 Jd, lljjd, HS'd; seconds ll}d, lljd, lljd. ■New Zealand beef: Ox fores, 3d, 3d, 3id; os: hinds sd, sd, s*d: cow fores 2i"d, 2Jd, 3d; coy hinds 4Jd, 4Jd, 4Jd. Argentine chilled beef: Ox fores 3Jd, Sid, BJd; os hinds 6id, 6Jd, 6fd. Argentine frozen beef: Ox fores 3d, 3d, B}d; ox binds Bd, S&i 5Ad. Frozen pork: 80-120lb not quoted; 1201801b 81d, BJd, SJd. ' Frozen ■veal: Not quoted.

KIRWEE STOCK SALE. At the monthly sale held at Kirwce on Friday, there was an entry of a little over 1000' fat and store sheep, comprising about half fats, 'balance, stores. There was a good attendance and all fat 3 sold well up to schedule rates and a good_ demand for forward wethera and ewe lambs in the stores. The principal sales were: — Lambs—On account F. McKie, 40 at 34s 4d; "W. Lacey, 51 at 33s 6d: J. Germain, 27fl at 31s 4d; T. Mee. 26 at 30s lOd; F. Sowden, 23 at 80s; D'al!y and Brown, 43 at 28s 3d: "W. C. Bedford, 27 at 28*. Ewes—.On account T. Mee,' 39 at 245; D. Hanson, 10 at 23s 3d; W. Lacey, 13 at 21s 4d. Stores—loo forward wethera >at 34a, 54 ewe lambs at 29a 4d, 19 small mixed sexes at 19s 9d. POULTRY PRODUCERS, LIMITED. The Canterbury Co-op. Poultry Producers, Ltd., report that the"" poultry continues to come, forward freely to tho market, but the supply of good quality ducks and chickens is still not equal to'the demand. The following are prices per pair:—Tabic chickens 5s to 13s, hers (light) 2s 6d to I? 3d hens (heavy) 4s 6d to 76 6d, ducks 7s to lis 6d, turkeys 18a- to 455, geese 7s to Bs.

Egg Market. The supply of eggs is still' on-the increase, and .last week a further reduction in prices was recorded. The Canterbury Coop. Poultry Producers, Ltd., quote the following, prices per-doz.:—First grade ben eggs 2s 4d,„ second grade' hen .eggs 2s 2d, and duck eggs 2a 2d. 6

CHRISTCHURCH STOCK EXCHANGE. SATURDAY'S TRANSACTIONS. Sales E*ported.—South British Insurance. 50s; Union Bank, £l4 15s. LATEST QUOTATIONS.

OTHER EXCHANGES. (press association telegrams.) AUCKLAND, June- G. Sales—Soldiers' Inscribed Stock, £101; National Bunk (lights), 265; Taupiri Coal, 18s 3d. WHEAT. (>T CABLE—PRESS ASSOCTATIOH—COPTOIGHT.) (AUSTRALIAN AKD N.Z. CABLE ASSOCIATION.) NEW YORK, June 5. Chicago -wheat quotations are:—J-uly, 168| cents; September, 164J cents; December, 1685 cents. LONDON WOOL SALES. (' . ' —; LONDON, June 5. The list for the July wool sales has closed. It includes new . arrivals:-. 22,000 bales, Australian 39,700, New Zealand 1500, Cape Colony 108,000, but probably a large proportion will not be offered. , ENGLISH, MARKETS. (AUSTRALIAN AND N.Z. CABLE ASSOCIATION.) (Received Jun» 7th, 5.5' p.m.) LONDON, June 6. Frozen Mutton—Argentine light, 7d. Frozen Lamb—Canterbury medium Hid, heavy lOgd; Argentine medium 9Jd. Chilled Beef—Argentine hinda 6?d, guayan hinda 6£d; other meats unchanged. ■ Cotton—The Liverpool quotation for American middling upland, July delivery, is 12.67 d, per lb. Rubber—Fine hard Para 27Jd per • lb, plantation first latex crepe Sljd, emoked ribbed Bheet 39d. > ' ~ Jute—lndian native, first marks, MayJune shipment, £49. 10s per ton; new crop, August shipment, £42 12s 6d per ton. New Zealand Hemp—July-August shipment £35 10 a - per ton. Copra—Bagged, South Sea, May-June shipment, d£29 5s per- ton. Linseed Oil—£46 per ton', equal, to 3s. Sid per gallon. Turpentine—693 3d per cwt, equal to 5s 2Jd per gallon. Antimony—English £69 15s per ton, foreign £6O 10s.

GISBORNE GAS COMPANY. The gross profit of the Gisborna Gas Company for the year ended March 31b t last was £29,860, as compared with £31,346 in the previous year. The expenditure under all heads totalled £27,166, against £27,919, and the net profit was £2691, as compared with £3427. With the amount brought forward there was available for distribution £3590. The dividend of 5 per cent., which is the same as was p;»id in the previous year, absorbed £2670, and £920 was carried forward. WHEAT SILOS AT SYDNEY. The Sydney Harbour Trust Commissioners aio taking urgent steps to put in hand the construction of two of fivo proposed capacious bagged wheat Btorsjge sheds, equipped with elevators and fixed and portable conveyors, at the northern end of tho silo wharf, White Bay. Thie. ha 3 been made possible by N the approval of the New South Wales Government to provide »t sum sufficient to cover immediate requirements. The complete scheme might run into £300,000 or £400,000, but it is the intention for the present to construct only that por- . tion which is passible of completion within the limited time.

BLACKWATER MINES. ' (SMCIAL TO "lint JEMS.") GREYMOTJTH, Juno 7.* Tho following ia the return for the Blackwater Mines, Limited, for May:—Crushed 3383 tons of stone, yielding 1674 fine ounces of gold, valued at £7107. Working expenses totalled £4391 and working profit was £2716; development cost £462 and £352 capital charges, the profit over all being £1902. WEALTH OF NATIONS MINE. (special to "tub pbsss.") GKEYMOUTH". June 7. The return for the "Wealth of Nations Mine, Ltd., is as follows:—During the month of May the mill crushed 680 tons of ore for a return,-by amalgamation, of £G9510» lid. Tfoeie was no cyanide clean up. The worS of -driving the intermediate level above No. 13 is being pushed ahead, and for the distance driven to the end of the month (approximately 20 feet) gold values have been shown by assay. The level at'ihe north Big River mine continues to go ahead, and it is now in a distance of 200 feet. A crosscut has been driven from this for 70 feet, and it is expected Jthat the stone driven for will bo met within twenty feet. Should this be the case, it will give about 300 feet "of backs, thus ensuring a. very large quantity of stone for the battery.

Bales. BaJea. Bales. Bales. Uff'd. Sold. Cffd. Sold. 1025. 1924 11 IT.nths. 11 ilo: ntlis. Ii-veicargi'.l . 26,831 23.375 22,434 22,037 Dunidin . 66,396 58.346 59,664 59,665 Timaru . 31,470 26,763 31,312 31,063 Christchurch 74,543 66,521 70,039 63,401 Blenheim 307 2S4 395 348 Wellington • . . 115,214 100,342 12-2,345 118,785 Wanganui . C0,566 49,033 61,3S3 59,448 Napier . 101,466 91,172 97,367 95,400 Giebornc* . 2,849 2,175 2,912 2,912 Auckland . 41,940 36,360 38,606 37,937 321,572 434,396 506,457'' 497,000

Apl. 1925. Apl. 1924. Butter ... 1,258,916 1,4S1,8CS Cheese . 891,543 £95,082 Beef .. 128,411 92,915 Limb ' 968,800 665,316 Mutton 221,740 208,890 Sausage skins 130,730 79,041 Applea ' .. 43,398 66,104 Hides, cattle (19,678 38,542 Rabbit skins >"■ 43.G10 7,233 Wool .. 2,278,345 2,094,985 Tallow 102,937 108,804 Kauri gum 54,157 43,516 Gold 41,574 63,924 Timber .. ' 40,681 32,509

Kumber. Value. April, April, April, April, 3925. 1921. 1925. ■ 1924. Motor vehicles— ' £404 1260 £454,523 £223,433

Buyers. Sellers. N.Z. GOVT. DEBENTURES— ~ B. il. 4j per cent. Inscribed, 1933 — 97 0 0 4i per cent. Bonds, 1938 9G 13 0 97 0 0 5J per cent Inscribed, 1927-11 93 0 0 , 5i per cent. Inscribed,' 1935 101 2 G 51 pe- cent. Bonds, 1933 101 5 0 101 10 0 COMPANY DEBEXTUP.ES— N.Z. Breweries Stock _ 12 0 N.Z. Breweries, Bonds 1 1 9 12 0 Glaxo, 6J per cent., 1915 85 0 0 BANKS— Australasia 14 5 0 Comni. of Aust. 1 3 G Comm: of Australia (pref.) 6 11 0 G 13 G Oomra. of Sydney _ 23 0 0 National of' Australasia (£10 paid) "J 6 3 0 National of Austrahsia (.£5 paid) — S 0 0 National of N.Z. (rights) 1 5 10 16 2 New -youth "Wales 41 2 G 41 10 0 New Zealand 2 17 G _ ■ New Zealand (new) .. 2 1G 6 2 16 10 Royal (£1 paid) 1 16 0 1 17 0 Union of Aust. — 14 15 0 INSURANCE— National — 3 11 6 Now Zealand 1 14 0 1 15 0 South British 2 9 3 Standard 2 2 9 2 3 G LOAN AND AGENCY— D'algety and Co. — 14 16 0 Goldsbrough, Mort (cum div.) 2 7 0 2 7 9 National Mortgage — 3 18 0 N.Z. Loan and Merc. (ord. Stock) 94 0 0 SHIPPING— Kuddart-Parker 2 4 G 2 5 0 Huddart-Parker (pref.) 1 0 G FROZEN MEAT— N.Z. Refrig. (paid) .. 0 19 0 10 0 N.Z. Refrig. (con.) .. 0 0 G 0 9 10 GAS— Christclmrch 7 11 6 BREWERIESCrown 1 14 G Manning — 1 17 9 "Ward — 3 0 0 CEMENTS— Wilson's (ex div). . 1 12 3 1 13 3 TIMBER— Kauri (cum div.) .. 1 12 6 Bartholomew 1 1 G MISCELLANEOUS— Beath and Co. 1 12 G 1 13 3 Burns, Philp 1 IS 6 1 17 6 Mason. Struthers (Us paid) 0 15 G MasoQ, Struthers (10s paid) i. 0 11 0 — N.Z. Drug Co — 3 6 0 N.Z. Farmers' Co-od. (G* per cent Stock, ... 1930) 90 1(1 0 93 15 0 N.Z. Milk Products .. 1 8 0 — MTNING— Mt. Lycll (cum div.) 1 1 3 1 1 11