COMMERCIAL.

Press, Volume LXI, Issue 18404, 10 June 1925, Page 10

COMMERCIAL.

STABILISING WOOL, j AUSTRALIAN PROPOSAL. N.Z. CO-OPERATION. ;"• The proposal formulated in Australia that the B.A.W.E.A.* organisation under tho presidency of Sir John Higgins should be utilised for' the purpose of stabilising tho wool market' has received consideration by the New Zealand Shecpowners' Federation, and representatives of the Federation Trill attend tho conference of growers to bo held in Melbourne to consider tho adoption of a schemo to achieve the object in view. Mr W. H. Nicholson, secretary of tho New Zealand 5 Sheepowners' Federation, stated yesterday that' the matter of wool stabilisation in Australia and New Zealand had been receiving the attention of the executivo of the Federation for some months past, tho importance of the project to New Zealand sheepowners being fully recognised. The Federation executive had been in constant touch with Sir John Higgins and tho Australian Wool Growers' Council by cable for some considerable time. ] The New Zealand Federation had arranged'to be represented'at the conference in Melbourne on June. 23rd,J and Messrs B.' E. H. Tripp, W. H. Nich- j olson (tho secretary), together with a representative from the • Otago Sheepowners would attend tho conference'for tho purpose of obtaining first-hand.in-formation concerning tho proposals to bo .brought forward from various parts of Australia, and to hear tho views of Sir John Higgins based on his experience with B.A.W.R.A. as to tho practicability of tho inclusion of New Zealand in any arrangements that might be mado under the scheme ho was being asked to prepare for the stabilisation of wool values in the future. ' The delegates from New Zealand did not propose to commit themselves in any- way ut tho conference, but. would obtain information on various points which appeared to the executive to require ' elucidation at tho- present stage from the.;point of view of, tho New Zealand growers. The delegates for Wellington to-night in order to .join the Maunganui, and . expect to" return in about a month. "PRIME GANTB^URYv" PROPOSED EXHIBIT AT DUNEDIN Tho Canterbury Provincial Committee of the New Zealand and - South. ; Seas' Exhibition, at • its*meeting > last night,' discussed the question of an exhibition' of "Prime Canterbury.": The matter was' discussed with' representatives of the Exhibition authorities a few weeks' ago.; .-, • The following letter from Mr H. E. Spence, secretary of the Exhibition Company, was read:— ' 1 '* I have had ;a visit from Mr David Jones, tho chairman, Meat Control Boar^,. and have discussed with him fully the matter, of. frozen 'meat exhibit, and put him in"" iouch. with Messrs John Chambers and Sons, Ltd., freezing machine., I would , suggest you seeShimlat your convenience: I put,;it to him tliat his Board might consider subsidising any freezing chamber put up. I may state that both Otago and Southland have' each in their courts provision for freezing chamber, and that is part of their programme in tho spaed ■ for which: they are paying. ' I'.may/further/state that the. following spaces / have" ibefen definitely taken :- »' Sout'hfand ;: block areai 4200 square.feet; . Otago. block: area,' 7800 square feet) and both of , these • promise a most , interesting and artistic display. I : will be glad if your committee, at its earliest possible convenience, .wouldigiye --us *some definite idea as to'Vwhat; space yqa actually require. We Have been working upon the 'basis of 5000 square feet block area. In * liis'.connexion 'block area'> means gross area,' and ignoring our regulation passage-ways, as .the/Provincial, Court is.assigned the, gross,area of floor space and lays it out to suit themselves." .' The/ chairman; (Mr W. Machin) ■ said he waß inclined/to despair \abont the exhibit: it would be a very 'expen- :»" sive. business.;; The suggestion -was to have a case ,12ftvby v 6ft ;by sft,. high, V with of plate : glasa. This would be an* expensive matter, even if V they»j;ot some • manufacturer of, freezing 'machinery to" exhibit a freezing machine free; Prora one point of view it would be a great if Canterbury lamb't was /not shown .whale Otago and SoutMand lamb waa exhibited.. MrE.H. Marriner asked if the Exhibition authorities had declined to provide freezing facilities. .-■'■»; : /Thechairman, said that they had not •>,. absolutely declined, .There had been /some ; suggestion that would give 'free space. The question had been disjcussed with representatives of the Ex-hibition-when.taey; were'in Christchnrch ■ recentiy.v, He',/ asked ; the/ ;'ebmmit-: ■ ; '^':tee , s^;ppinlon ; '.'-'aß' v to'..-'pntfih'g i a proposal to ,tho Exhibition authorities on .:'. tho ...following, basis:"—dn' the event of .being able an exhibitor of freez.jng /machinery v to exhibit,. tho Canterbury Committee "to bear one-third of • the cost, _tho Meat Board one-third, and '■'tlie' 'Exhibition'' autto'Hties '"'one : third. The. plate-glass would be, probably, saleable after tho Exhibition. Mr P.;R.:Climie said that, personally, ■ ho .was. keen/that there should be such . an/exliibit,;as;the lamb industry was their biggest industry, j * " The'ihairri.an: Suppose it cost £SOO oi" £BOO, would this committee stand up to -£2OO or £2so?' . Mr Climie, said' that it was hard ; to 6cy at the present stage. Mr Marriner: There is.no doubt that we should -have prime Canterbury there at any cost 1.. v ' . Mr Cliinie: I should say that we should sacrifice other exhibits to get it there. v Mr Marriner moved that a proposition on the; lines suggested t»y the chairman should be submitted to tho Exhibition authorities. The chairman said that ho would get a design of a case prepared and an ostimate of cost made. He would also get in touch, with the representative of a firm of -freezing machinery makers. Mr Marriner* s motion was agreed to and the matter waß left in the handsi of a. sub-committee consisting or Messrs Turner (New Zealand Refrigerating Co.), Shea' (Canterbury Frozen Meat Co.), Wells (North Canterbury Sheepfarmers' Freezing Co.), Flint (Thomas Borthwick and Co.), and Machin* EGG AUCTION. .' 'Messrs Harris Bros. Ltd. report that the ■usual weekly auction sale of "Feather Brand" guaranteed fresh - eggs, on behalf ■ ■ of the Canterbury Efejr Farmers' Co-operative ' Association, was held in their rooms, 158 Hereford street, yesterday ■ afternoon. The, following prices were realised:—Hen eggs, first grade (2oz or over), 2s id; hen eggs, second grade (under 20r),.2s 2d. —6

CANTERBURY MARKETS.

<BI OTO COMUXaaAL EDITOR.) Tuesday Evening. The threshing returns published at the end of last week still show a very satisfactory wheat yield per acre—33,94 for Canterbury, and 33.42 for the whole of the Dominion. The total threshings aggregate (to May 19th) 4,133,000 bushels.. There still must be a good deal of threshed wheat not accounted for, as the total estimated yield of 170,000 : acres should return, at 33.42 bushels to the acre, approximately 5,600,000 bushels. The average per acre is practically oi\ .all fours with early season forecasts made in'this column, and well in advance of the official estimate of 30 bushels and other estimates made by different' organisations. However, the slowness with which wheat is being offered to millers, even allowing for a proportion of growers who are holding for "something to turn up," lends colour to the belief that the area cropped has been over-estimated. If it has not tho gross yield should be a source' of-satisfaction to millers, as it will mean less buying abroad. It is understood that enquiries regarding further supplies have been made in Canada and Australia. The latter country's price is above world's 'parity at the moment, but its proximity to tho Dominion gives it an advantage in the matter of lower quotations; ■ Fowl nvheat has firmed, and is quoted between merchants at 7s f.0.b., sacks extra. This is about equivalent to the milling prices to farmers, as throngh store charges have to be allowed for. The potato market is very dull, and quotations to farmers are from £3 5s to £3 10s. on trucks. At this price few ; are offering. There was no boat for Auckland last week, and the Kauri and Wingatui, . about' to sail, are taking only 3000 to 3500. sacks. Digging is.now well on towards completion. Not many pits are to, be seen in the paddocks, so if the quantity... of potatoes is about that is. occasionally alleged there must be a good few .sacks is use. The-Australian market is still firm. Oats are holding recent prices, and business has passed at-4s 6d for A Gartons' and 4s 2d for B's. The' seed market- l is "lifeless. The following axe nominal quotations, free of commission, sacks; extra, except where otherwise stated :—'.■'. Wheat—Tuscan 6s Bd,' Hunters (is lOd, Pearl 7s f.o;b., sacks extra. Oats—Garton. A's 3s Gd; .B's, 3s 4dj 2s 8d to 3sl Chaff—Good'bright, £3 15s to £4. White Clover—lad to lod. Peas—ss. Cowgrass—9dVto 9Jd. Italian Ryeg/ass—2s 9d'to 3s. Perennial Byegrass—4s. Cocksfoot—6d to 61d. Linseed—£l7. : " - - Potatoes—£3 5s to £3 10s. . ; Onions—To ■£B 10s for prompt. Flour—£lß a ton f.o.b. nearest port; smaller packing, 1001b £l9: 50'a> £iM 12s 6d; 25's, £2O. . Pollard—£9 f.o.b. nearest port, 10s extra' for'smaller 'packing. ' Bran—£B per/lQri;f.o'.k nearest-pbrt, 10s,e3stra' ; for emallor, packing.

RANGIORA MARKET. The Kangioraf market yesterday, was. a email one, only 275 fat lambs, 93 fat. ewes and wethers, .one small/pen of stores, 12 head of cattle,' and ''lo4; pigs being' yarded.' •The* principal sales.-of, fate were:—lo9 lambs at 20s 6d, : 80 at SSs, 60 at' SOs, 23 at 31a lOd, 20 at 27s 4d, 11 at, 81s 2d. and .10 .at ..31s; 38,■ wethers nt ,36s 6d, 12 owes at 21s Bd, Sat 23s 10d, 13 at 20s Ed, and 12 at 20s' Id. .•-,•• . Only seven head ,of cattle were sold, a fat cow making £6 15s, empty ■■'co.wa",' at .-£1 2s Cd to £2 2s £d, a springer £&,■ and three heifers. at 83a. , There was /a good demand for tho pigs, heavy baconers making £4 to £A jSs 6d, light £3 17s Gd to £3 19a, porkers £2 5i to £Z 2s Gd, stores 20s to 40s. weaners 5s to- 16»; and choppers..- £4 to £3 -'9s 6d." ■ Poultry—Boosters .made 10s ft couple, hens 6s 6d, pnilets: Ba, ducks 7s, and .feeeae '6a. -* Prodnoß Chickwhcat realaod 22b; to-26s a bag, harley-16si oats 20s, oatsheaf chaff Es to 6s, /straw, chaff 2s 6d 4 potatoes 8s to 10s, cabbagea 6a dozen, cauliflowers 45,. marrows 6a, apples 4s case, pears 2s, artichokes Is-tin, onions Id lb! ' Sheepskins,,- -.etc.—Half bred brought 9s, three-qjiarterbred 83 6d, crossbred -7s, hogget 6a 6d,/ calfskins 4s. 6d, .hides r 2ld lb, wool, lOd, crutchings- sd, fat 2Jd.

ASHBURTON MARKET. 'The total entry of sheep at the. Tinwald ■"yards,'yesterday was 2556, including 816«fat> ewes, 66' fat wethers, 1277- fat;• lamb's, 397 stores, and .13 head of/cattle'. The "'bulk of ..tho fat «heep,.were a decided" improvemeht on/those - forward •at the-Ashbufton yards lost weftk, ( and the market was firm, with an.upward tendency. There was a good attendance and the'bidding.was- fairly keen. Moßt of the' lota.offered were .bought by-..ex--; port buyers. Mr McCormick, of Westerfield,' topped the market'with BSs"3d.for a pen. of seven e'wesj while'a-line of 28- sold on account of Mr Jewell realised 82a 6d. Weth--ers realised 86s 3d to 40s 6d. The prinoipal aires—42 at 245, 'SOr'at 20s ' 6d, 18 at 17s 2d, 15 'at 21s, 30 -*t 21a, 27 at 20s 7d, 19 at 20b, 16 at 245, 11- at 18s,jJ2 at 22s lOd, 10 at 275, ■ 10- at-.255",.-.' 13 at 16s lOd,. 11 at 26s 6d, 10 .at 25s lOd, 6 -at 28s, 17 at 20 8 6d,'"11 at 22s 9d, 22 at 24s 2d,/.14.; at 22s 10d,. 6 at 27s 9d, 9, at 22s Bd, 13 at 25s lOd, 12 at 25a 6d,. ; 12 at 22s 6d, 20- at 17a 9d, 10 at 22s 2d, II at 2Jb, 18 at-225, 12 at 24s 4d, 6 iat 20s,' 5 at 209,. 16 at 26s 3d, 15. at 24s' 4d,- 18 at 24s 6di 7 at 22s 7d, 8, at 25 B ; 2d, 8 at 28s 9d, 23 at 80s 3d, 10 at 235. 6d,- 8 at 225, 28 at'B2a 6d, 20 at 225.7 d, 19 at 30s Bd, 10 at 23s 6d, 7 at-88sp 3d, 12 at 24s Id, 11 at 29s 3d, 11 at 28s 4d, 14 ot 22s Bd, 13 r at 248 Id, 13 at 203.5 d, 7 at 26s Id, 8 at 24b 3d, 16 at 17s, o. at 24s' 6d, 15 at 17b. ' " ••' Wethers—2. at 40a 6d, G at 3Gs 3d, 5 at 40a 6d. -■ ',', . ~ Lambs—Considering; the of the season, there were some;pens of nice lambs forward, and oil but : a pen of 78 were sold at an all-round average of lid ner lb. The principal sales wore:—9-at 29s 9d,12 n at 27s Bd, 9 at 81s 7d, 8., at 28a, 32 at SOa 4d" 85 at 34s -=6d, : 100 at 80s Id, 24 at 31a, 4d 86 at -295, 25 at 28s 9d, v 53 at 27s 10d, 3l'at'Bds Id, 176 at Sis, 67 at Ms. lid 40 at 31s 6d,-40. at 31s 7d, 28 at 29s 3d, 116 at 83a Bd, 61 at 37s 2d, 3i at,26s, 63 at. 80s. sd. llfat 29sv . Stores.—The only atores sold were 10 wether lambs at 19a Id. 19. crossbred owe lambs at 25s Id. and ; 78 rmxed sex cross-. hred;lambs at : 2ss'7d.. .'■ .... • ; Cattle—The salesof cattle were:—iat cow at'JW 155,. 1 at £4, a-springing .cow at J» 6s, a cow in profit, at £8 55, ; and two 1 heifers ot .159 each. -.■■..■■

V •< LONDON MARKETS. ' - Juao 8. In the Bradford • tops. market no businessis doing. Quotations for croasbreda, aw elightly easier. • . . •' ~ Apples are very firm. The Matakanas New-Zealand fruit was in a very advanced condition, and many sold at lis, 12s, and 14s. Best Jonathans brought 17s to ,18s 6d, London Pippins 16a to 17b, and Stunners 16a to 215.. , Copper—Spot £59 16s 3d per ton, forward £GO 13a 9dC ' Lead—£34 5a and £33 16s 3d. Spelter— £3l 5a and £33 ss.' 'Silver—Standard, 31gd per oz; fine 34id. , - . ;wheat. . * LONDON, June 8. Wheat cargoes are fully steady, but fine weather in: Europe and rain : in'America'are causing buyers to hold off. Parcels are in small enquiry and: occasionally lower. DAIRY PRODUCE. Dalgety and Company, Ltd., have received - the foUowing,.cablegram from- their London office, dated June 6th:— "Cheese—Since our telegram of 4th inst. prices are Is to 2s higher. The rise ie owing ! to a temporary, (shortage of cheese-on the _ spoU'* '. j . . i

HIGH COMMISSIONER'S REPORT.

The Department of Agriculture has received, the. following cablegram, dated the Gth instant, from tho High Commissioner for New Zealand, London:— BUTTER. Market steady and fair business doing. Official quotations are: ISew Zealand. Finest salted. Juno Gth—-170a to 172s per cwt (Is 6id to la 6Jd per lb. Exceptional:' 174s per cwt (la 6Sd per lb). May 29th—164s to 163s per GW * ( ls 6 to Is 6d per lb). May 23rd—166a to 170 a oer cwt (ls 5Jd to Is 6d per lb). ' TTnsalted. June Cth—l7Bs to 180s per owfc (ls 7d to ls 7Jd per lb). May 29th—176s to 178s oei cwt (ls 62d to 1b 7d per lb). May 23rd—176a to 178s per cwt (ls GJd to ls 7d per lb). Other Qualitiea. Juno Oth—l44s to 1683 per cwt (ls 3£d to Is 6d per lb). Australian. Salted. June Gth—l6O3 to 161s per cwt (ls 5d to la 5Jd per lb). May 29th—154s to 158s per cwt (ls 4£d to ls 4jd per lb). May 23rd—156a to 162s per cwt (Is 4ld to ls 5Jd per lb). TTnsalted. June Gth—l66s to 170 a per lb (ls ogd to la 6Jd per ib). May 29th—162s to 168s per cwt (ls Sid to ls 6d per Ib). May 23rd—16is to 170s per cwt (ls SJd to la 6jd per lb). Other Qualities. Juno 6th—l4os to 15Ss per cwt (Is 3d to la 4Jd per lb). Argentine. June Gtli—lSGs. to 160s' per cwt (ls 4Jd to ls 5d per lb). May 29th—151s to 160s per cwt (Is 4id to ls 5d per lb). May 23rd—154s to 160 a per cwt (ls 4Jd to Is 5d per lb). Other Qualities. June \6th—lso3 to 154s per cwt (ls 4d to Is 4Jd per lb).. Irish: Salted. June 6th—170.3 to 176s psr cwt (Is 6Jd to ls 6Jd per'lb); May 29th—164.1 to 170 a per cwt (Is 5Jd to-ls 6Jd per lb). '.. May 23rd—168s: to 170s per cwt (ls Gd to ls 6id per lb).. .... ... XJiiSalted. June 6th—lßoa per cwt (13 7d per lb). May 29th—17Cs per cwt (Is 6id per lb). May 23rd—174s to. 176 a per cwt (Is Cjd to Is GJd per'lb). Siberiau. June 6th—l44s to 148s per cwt (Is 3Jd to l.i '3|d per lb). Exceptional: 152s per cwt (ls 4»d per lb). . .■% May 29th—144s to 148s per cwt (Is 31d to Is SJd per lb). . May 23rd—146s to 150 a per cwt (Is 3Jd to ls 4d per lb). Danish. . • . Nominal, practically no arrivals. CHEESE. Quality of Canadian is poor and 6ales slow. Stocks of old season English finest farmers are exhausted. Official quotations are:— Canadian: "Coloured. Juno 6th—Bßs to, 903. jper cwt (9Jd to 9£d per lb). White: 90s per cwt (9£d per lb). May 29th—88s to 90s. per cwt (9Jd to 9|d per lb).' iWhite:- 90s-per cwt (9Jd per lb). New Zealand. Coloured and White. June 6th—93s to 94a per cwt (9Jd to lOd par lb).. May 29th—91a to 92s per cwt (9£d to 9Jd per lb). , May 23rd—92a to 94s per cwt (9j£d to lOd per lb). '-,'.:- Australian. Coloured'. June Gth-r9os to 92s per cwt (9Jd to 9Jd per lb).. May 29th—«Gs to 88s per. cwt (9d to 9Jd per lb)/ • . . • - May to 90s _ per cwt (9d to 9Jd per lb). ' ,-' ■ "■■?•■' June 6th—92s per cwt. (924 P er May, to 9Cb. per cwt (9Jd to 9Jd per lb). '..'•■.'■'.' May 23rd—88s,to 90s per cwt (9Jd to 9Jd per lb). 2Jew ■. Zealand and Australian quietly steady. Estimated stocks of cheese on hand June 2nd', London, Liverpool, and Bristol, were:'—Canadian and American 15,700 boxes, New.Zealand .and -Australian. 60,250, crates, against 6300 boxes and 132,700 crates at same time last year. Shipments of New Zealand produce- arrived this week per Mainwa, .Matakaaa, Port'Kembla,'Tairoa, and Turakina.'". ,'.'..' ■-':•.; ' : ';:'. HEMP. ''' / 7 Manila neglected, and quotations lower. Value "J" • grade,; JunerAuprust shipments, £39 10s. New Zealand market diulland tendency ■ downward for forward shipments. Some ■enquiry- for'fair afloat, which- offered freely, sellers £35, buyers ;£34, b'ut:sales reported £B4. .'-',' ' -'".. wool. '. V Bradford market quiet and purchasing confined to absolute requirements; -.4o's prepared (coarse crossbred) tops now quoted at ls lid; others unchanged.. ' • '•: - ' / ' OATS. '"'' " Market firm,- specially. for • common variety. No. 2 Canadian Western offered at 81s per quartet, shipment first half, of .'June. Best, English whit© sold up to 33a 6d. and now' quoted at 34s .sellers. "New Zealand Gartona A, nominal values, shipment first half of June Sis to 82s,'c.i.f., and ex store about 32s to "345. ( ■ ■«..:■ '.-'. .TALLOW. Spot market steady, and fair business doing for" shipment- 'No auction this week. "■■'•■;''' "-. '-'."'. ■-■ '''.PEAS. ' ■••:- '/< '"'"' Maple Partridge -meet -small -spot enquiry. New Zealand- 625. to. 72s per 5041b. Tasmanian 725. to'B2s; Value Juno shipment No. I'new crops', New Zealand, 65b c'.i.f., Blue in better demand, business principally; confined-to Japanese and; small hand-picked Dutch. ' No business reported in New Zea-, land and Tasmanian. ... BEANS. ■ Market but firm. English choice spring selling-up. to 565, winter 49s per 5321b. Chinese horse,' July-September shipments, offered at £lO 7a 6d per ton landed, and.£ll ss, ex store. Daniah cocksfoot season haaendeo!. Stocks light, nominal is 86s per .cwt, c.i.f. APPLES. 'Balance of port Sydney shipment shows waste, and cleared at: Delicious 15s 6d to 165,. other. 16s. Consignment ex Tairoa arrived-, in right "condition,' with some waste, especially in Delicious. Prices are: Cleopatra 18s-to 22s per; case, Jonathan 16s 6d to 18s per case, Delicious 15s to 18s per case, Dunn's Favourite 17s to 19s pet case, London; Pippin 16s ..to 17s per case, Adam's Pearmain 17s per case.' Matakana shipment in the" same condition as Tairoa, and few have been «old "at about above prices. Sturmer 19s to ,20s per case. '. ',' '■'-', ::.'. .'EGGS. ; Market steady.'" English, Danish, Dutch, 18s 9d to 16s per long 100; Irish, Belgium, French, and Italian, 12s 6d'to 13s 9d per long 100; Lithuanian, Russian, Rumanian, 8s to lis 6d per.long 100; Egyptian, 7s per long 100. : :'. ; . - COLONIAL BUTTER. • REPLACING': DANISH DURING STRIKE. fcY CABLE—PSESS . ASSOCIATION—COPYBIGHT.) (AUSTBAUtAN AIID S.Z. CABLB ASSOCXATIOH.) . (Received Juna 9th,. 8.15 p.m.) Viw«i «i, LdNDON, June 8. A prolonged ;strika of Danish transporters by cutting off Danish dairy supplies has given an. inTolnhtary. fillip'to the campaign in favour of thV consumption of Empue ■products. ..Australian and New # Zealandsupplies -which are arriving in increased quantities are fully filUng honsewives' needs. A prominent dairyman expressed the opinion, that the-only effect of the stnko ■would be that Midlanders-would be compelled- to forego, their- unexplained passion for Danish butter and-buy colonial. It is" noteworthy that only New Zealand butter-and eggs 'are being served at Wembley..- . . •:. DAIRY PRESIDENT'S VISIT TO DENMARK. (bi cable—sbiss associatiok—corraiosr.) (AT/SSBALIAir iSB X.SI CABLE ASSOCIATIOK.) , (Received* June 9th, 9.15 p.m.) ■'•".'■"..'. . ;■- '.■-, LONDON, June 8. Mr Morton,- president' of. tho National Dairy Association of New Zealand, is proceeding to Denmark to arrange for the purchase of/machinery for the Association. The transport strike has held up his business. When his negotiations, in. Denmark are completed Mr Morton and Mr Charlei Kahl will proceed, to Swedon to arrange fox the supply of' timber : for' butter 'boxes.

CHRISTCHURCH STOCK EXCHANGE.

MOTHER EXCHANGES

O?EESS ASSOCIATION: TELIGBAMB.) .'•.-, AUCKLAND, June 9. Sales—New Zealand War Loan, 1939, £96 15s; Inscribed Stock, 1938, £96 15a; Bank of New South Walos, £4l' 7s . 6di South British Insurance, 60s , Bd, 60s .. 6d (two sales); Kauri Timbor, -82s 9d; National Timber, 22s 3d (two sales); ■ Sariford, Limited, 219 (three sales); Taranaki Oil, 225. 6d; Wilson's Cement, 32s 6d. WELLINGTON, Juno 3. Sale on 'Change—Wilsou'g Cement, £1 12s.

Sales reported—National Bank of Now Zealand (rights), £1 5s 9d, £1 6s 6d; Auckland Gas (paid; t £1 2b Cd;. New Zealand Insurance, £1 14s Gd; South British Insurance, £2 10a 9d; National Timber, £1 2s ?a. ■

FOREIGN EXCHANGE RATES. LONDON, Juno 8. The exchange rates are:— Par. June 4. June 8. Paris, fr. to £1 .. 25.22J 59.15 101) Bruaaela, fr. to £1 .. 25.22J 101.45 101.90 Oslo.'kr to £1 .'. 18.15 a; ■28.94 23.91 Copenhagen, kr. to £1 18.159 25.89 25.87 Stockholm, kr. to £1 18.169 18.16 18.16 Berlin,' Eoichmarken to £1 .. - ..--'■— 20.42 20.42 Montreal, do!, to £1 4.BCJ 4.85J 4.855 New York, ; dol. to £1 4.862 4.8G 1-16 4.85 15-16 Home, lire ,to £1 .. 25.22J 121g . 122 Yckohama, st to yen 24.58 20Jd 20|d Calcutta, st to rpe 10 to gold £ 18d 18d Kong, st. to dol. * S7£d s 27£ d Amsterdam,- fl. ..12.107 12.09| 12.09|d Batevia, fl. .. 12.107 12.06 1-10 12.061-10 * Determined by price of silver.

YESTERDAY'S TRANSACTIONS. Sales Reported—N.Z. Govt. 4$ per cent. Bonds, 193"., £96 17s Gd; Union Bank, £14 I03; National Bank of Australasia (£10 paid) £16 5s; Westport Coal, 32s. LATEST QUOTATIONS. Buyers. Sellers. £ s. d. £ s. d. N.Z. GOVT. DEBENTURES— per cent. Inscribed, 133S and 1939 — 97 0 0 43 per cent. Bonds, 1938 96 17 6 97 0 0 4i uer cent. Bonds, 1939 96 17 6 5 h rcer cent. Bonds, 1933 101 5 0 OTHER DEBENTURES— Chiistchurch Drainage, 5i per cent. 98 2 6 Christchurch Trams, Eh per cent. 102 0 0 106 0 0 Christchurch Trams, 5£ per cent. .. 97 5 0 Christchurch City Council per cent. 99 0 0 03 10 0 New Brighton Borough, 5J per cent. — 101 0 0 N.Z. Brewerie3, 10 per cent. Stock — 1 111 N.Z. Breweries, 10 per cent. Bonds 1 1 9 1 2 0 Glaxo, 6J per cent. .. 85 0 0 Gisbarne Sheepfaimers 7i ner cent. 101 0 0 BANKS— Australasia 14 5 0 Bank of Victoria 7 4 6 Comm. of Australia .. 1 9 0 110 3 Comm. of Australia, (pref.) 6 11 6 6 13 0 Comm. of Sydney 21 10 0 24 18 0 National of A'asia (£10 paid) 16 4 0 16 6 0 National of N.Z. (rights) 1 5 "9 1 6 0 . New South Wales 41 7 0 41 15 0 New Zealand 2 17 6 2 18 6 New Zealand (new) .. 2 16 6 Royal (£1 pnid) .. 1 16 0 Union of Australia .. 14 14 0 14 11 9 INSURANCE — National .. .. — 3 11 0 New Zealand 1 14 3 1 14 9 South British 2 9 3 2 9 9 Standard 2 3 3 2 5 0 LOAN AND AGE.NCY— Dalgety and Co. 14 15 0 Ooldsbrough, Mort (cum div.) 2 7 6 2' 8 0 National Mortgage „ — 3 18 0 N.Z. Loan and Mercantile (cirri, stk.) 94 0 0 _ SHIPPING— Howai'4, Smith .. — 1 15 6 Union (pref.) — 1 1 0 FROZEN MEAT— North Cante*burv — 2 5 0 N.Z. R«frig. (paid) ... 0 19 0 0 19 9 N.Z. Refrig. (contr.) .. 0 9 3 0 9 9 COAL-Westpo-rt 1 11 6 1 12 3 GASChristchurch .. 7 10 0 Timaru — 7 7 6 BREWERIES— Crown 1 15 0 _ Planning 1 15 0 1 17 5 I st r,w Zealand 1 19 9 Wmd .. .. — 2 19 6 CEMENTS— Wilson's 1 11 9 MISCELLANEOUS— B.A.W.R.A.. — 011 6 Beatli and . Co. . 1 11 6 1-13 0 British Tobacco 2 3 6 2 4 6 Burns Philp 1 15 9 1 16 9 Colonial Sug*vr 50: 10 0 Henry Jones Co-op. 2 2 9 2 4 0 Mason. Struthers (£1 paid) .. ■— 1 4 0 Mascn, Struthera (lis paid) .. 0 15 6 . Mason, Struthera (10s paid) • 011 0 (N.Z. Drug Co. — 3 6 0 N;Z. Co-op. (£5 paid) * 2 0 0 N.Z. Farmers' Co-op. (£2 10s paid) • ■ — on 4 N.Z. Farmers' Co-op. (GJr t>er cent. Stock,' 1930) 89 0 0 N.Z. Sugar of Milk" .. — 3 5 0 N.Z. Paner Mills , ... — 1 0 0 N.Z. Malay Rubber (ord.) .. .. 0 16 0 ■ Eclipse Petrol (£1 paid) 0 2 6 — MINING— Mt. Lyell (cum div.) .. 1 1 8 —