FINANCE AND COMMERCE.

Press, Volume LXIII, Issue 19138, 22 October 1927, Page 12

FINANCE AND COMMERCE.

SHAREMARKET. WEEKLY REVIEW. The number of suk's recorded on the Metropolitan Exchanges show an in-nca.'-e ns compared with last week, prices generally continue to firm, cs-]M"-iallv in gilt-edged stocks, and competition for these has steadily increased. ]i> (Hiveintnent loans, tho 41 and 5i j).r cents, are most, sought after, and pr„os aro well maintained. Four and » half stock, duo 1938, changed hands ■,t f'M 5s and £9G 7s Gd, as against turnover at tho former figure a fortnight a»o, and more is wanted at i.JO •> S ">l. holders asking £9G 10s. Tho bonds arc sought at £9O ss, without reBponse. , .. , Kivo and a half per cent Soldiers N-ulement Loan Stock and Bonds due 1-W.-J. wore turned over at £lOl uW the former shows an casing of -s fad o'i , , wof .k—the bonus arc steady, bate Lis offered £lOl •'» *™ I,oth ' KellerS holding for 5s and 7s Gd more rcspee- * Three parcels of oi per cent. 1927-41 .tikVcre Placed at £9B 12s Od-jn kdvnnco of 7s Gd on business at the end of last week, and there is further demand at £9B 7s 6d sellers at £9B 10s. Tho turnover on the local market was £I7OO. ± _, . n . Five and a half per cent btock and Bonds, due 1936, are inaooiAcmaaAhuvtrs are offering £lOl 5s for the stock and 2s 6d more for tho bonds, hut holders are reticent. Municipal and company debentuies have, not been so much in demand. Banking Section. In the banking section, the outstanding feature was the decided easing m Union Banks—a week ago these shares were freely dealt in at prices ranging from £ll' 17s Gd to £l4 18s Gd, but sellers at tho 'morning call yesterday offered at £l4 15s, buyers at £l4 7s od. A«i announcement is shortly expected with regard to a new issue to shareholders. ~ ~,„ Commercial of Australia were the most active, at prices ranging from 28s lid to 28s tkl—tho turnover on the local market was 1045 shares, and more «.ro available at 28s 6d, buyers Id beAdclaidos changed hands at £8 12s 6d, and there is further demand at £o 13s Gd, sellers holding for £8 16s. Australasias were turned over at CM 13s and £l4 lis, and late sellers are asking £l4 13s, buyers 2s below. Australian of Commerce shares were sold locally at 32s 8d and 32s 9d, a | turnover of 400 shares. » English, Scottish, and Australian es Itoyals wero dealt in at £7 10s, and more are wanted at £7 9s 6d, sellers asking 2s 6d. The old shares are sought at £7 12s, sellers at £7 13s. . National of Australasia fully paids had dealings at £l7 7s, and late buyers are quoting £l7 8s 6d, sellers asking £l7 lis €d. The partly-paids had turnover at £8 12s and £8 13s; last week's business was at £8 10a. National of New Zealand were placed at £6 19s and £6 19s 6d, and more are on offer at the latter buyers Is 6d below. New South Wales ranged from £44 15s 6d to £44 10s. The local turnover was 97 chares, and late sellers are offering at £44 7s 6d, buyers at £44. Business in New Zealands at prices ranging from 58s to 57s 6d shows no chango on that done last week. Tho market closed buyers 57s 9d, sellers 57s lid.

Stocks have been exceedingly quiet for some considerable time. In times of depression industrials are the first Stocks to fall when the tide turns and the last to recover. Many of the Stocks in this section show good returns and are quite sound holdings. In the Stock and Bond market buyers continue to <|tiote at attractive prices, and although sellers' quotes are. close they continue to hold for buyers to increase their bids. There was practically no difference between prices yesterday and on Thursday. Five and a quarter per cent. Stock 1927-41 hold at £9B 12s fid sales: there were sales at the same figure two days ago. Banks. In the Banking .section buyers for Commercial Bank of Australia again offered 28s 3d, sellers holding for 28s vd, with a sale of 100 at 28s tkl. A small parcel of National Bank of Australasia changed hands at £S 13s—a rise of Is on last recorded sales—market closed buyers £8 12s (id. sellers £8 13s (id. for the fully paid shares in this Bank buyers raised their price to £l7 8s lid, sellers wanting £l7 lis G»l. Both classes of these shares have hardened steadily, and sellers are comparatively scarce. Bank of New South Wales were slightly easier on Thursday's market, being: Buyers £44, sellers £44 7s Gd. Bank of New Zealand were sought at 57s 8d and the market is slightly firmer, buyers offering 57s 9d, sellers at 57s lid. Union Bank were offered at £l4 17s, buyers quoting £l4 7s 6d.

In the Miscellaneous Investment Section, National Insurance of New Zealand were slightly easier, buyers 79s lOd, sellers 80s. Now Zealand Insurance entered the selling list at 39s 4d, buyers offering 39s 2d—a shade firmer on Thursday's quotes—and a sale took place at 39s 3d. There was a small parcel of South British Insurance sold at 57s 9d, but this did not satisfy the market as buyers asked for more at that figure, sellers asking 58s Id. Goldsborough Mort were fractionally easier at buyers 47s 4d, sellers 47s 9d. For new shares in this Company buyers offered 46s 4d, sellers holding for 46s 6d. Howard Smiths showed some improvement and buyers increased their price to 30s 6d, sellers wanting 31s 6d. Huddart Parkers were firmer on Thursday's prices, but no business was recorded—market closing buyers 47s 3d, sellers 48s.

Two hundred Union Steam Ship Company 5J per cent, preference shares changed hands at 20s 3d, buyers and sellers not quoting further. New Zealand Refrigerating Company fully paid shares were placed at los—2oo being sold at this price—market closed buyers 14s lid, sellers 15s Id. The 10s paid _ shares in this Company were fractionally firmer with buyers 7s 7d, rollers 7s 9d. Christehurch Gas buyl ers advanced their offers to 23s 2d. an advance of 4d on Thursday's price, the new shares 5s paid again had sale at 6s 6d, with more wanted at this price; sellers asking 6s 7d. Breweries, etc. Monteith's Brewerys were sold at 19s 2d. The Brewery Market was active,, enquiries being made for Tooths at 405,9 d, Tooheys at 2os, and Queensland at 28s 3d. These three are Australian companies. .Buyers for Crown Brewery are gradually increasing' their offers—yesterday buyers offered 13s 3d, sellers 14s Id. New Zealand Breweries were wanted at 43s 10d, sellers holding at 44a 2d. • British Tobacco are easier, sellers offering at 58s> 3d, buyers offering 57s 6d. Over £SOO worth of Colonial Sugars were sold at £53 17s 6d and £53 19s, the market closed buyers £53 17s 6d, sellers £54. Electrolytio Zinc preference declined in the morning, sales taking place at 30s 6d and 30s Bd, but they recovered in the afternoon, sales being effected at 30s 9d, with closing.buyers at 30s lid, sellers fsking 31s 3d. In this Stock sales on Change and vestibule sales totalled 400 shares. Holden's Motor Body Company shares were sold on morning call at 3os, with buyers wanting more at the same price." Whitcombe and Tombs—loo of these shares were! sold at 67s 6d, and more were required i at that figure, sellers asking 67s 9d. • North Broken Hill m-ofits to June, 1927, were £498,772 after providing £'130,000 for taxation 1 and depreciation of all reserves.

Insurance and Snipping. In the Insurance group, Nationals and New Zealands accounted for most of the recorded transactions — the former at 79s 6d and 80s showing an easing tendency on last week; and New Zealands at 39s and 39s 3d, showing little variation. Queenslands sold at 57s 3d, and South British at 57s Gd and 57s 9d, as against 57s 4d and 57s 6d a week ago. South British ,are oum a dividend of Is 2d per share. Dalgety and Co. shares ; changed hands at £l3 10s and £l3 lis, as compared with £l3 8s 6d and £l3 10s last week, and the market closed buyers £l3 10s. sellers £l3 12s 6d. The New Issue sold from £l3 to £l3 2s 6d. The local turnover in this company's shares was 320. New Zealand and River Plates show a rise of Id with business at 27s 4d. Goldsbrough Morts, which ranged from 46s 9d to 47s 3d last week, now have demand at 47s 4d, sellers asking 47s 9d. Huddart Parkers wore turned overat 46s 9d with late enquiry at 47s 3d, sellers at 48s. The preference ' weie placed at 20s 4d, late buyers offering 20s 3d without response. Union Steams preferenco sold at 20s 3d. Howard Smiths have improved demand nt 80s 6d—the sellers* figure at the end of last week, sellers now askin? 31s 6d. Miscellaneous. In Frozen Meats Canterbury ordinary had business at £7 17s 6d. There was a local turnover of GOO New Zealand Refrigerating shares—the fully paids at 15s and the partly, paids at 7s 7d, 7s «d, and 7s 9d\ The market for woollen shares was iduli. - Taupiri Coals .were placed at 265, which is on a par with highest recorded business last week. Pukomiros at 60s show a rise of Is on previously reported sales. Wostports, in which last week's turnover was 34s lOd, now have demand at 355, sellers at 30s. Auckland Gas romain steady with tales at '22s lid. Christchurch New 5s paid bad a turnover locally of 1300 shares at 6s 4d and 6s 6d with further demand at the latter figuro, sellers asking Id more. In Brewery shares New Zealands remain steady with business at 445; Staples sold at 38s 6d and 395, and 3fonteiths at 19s 2d. The demand for Crowns shows steady improvement. Wilsons Cements cased 3d to turnover at 36s 6d, at which figure more are on offer, declared buyers at 3Gs. Kauri Timbers are easier, sellers now offering at 24s 3d, buyers Sd below— Jasfc week's business, was at 24s 6d. Amongst the Miscellaneous stocks the following sales took place, last week's figures appearing in parentheses:,— Auckland Amusement Park, 16s 3d UGs 3d). Colonial Sugar, £53 12s 6d to £53195. Electro Zinc, (pref.) 30s 3d to 30s 9d (31s 6d to 325). N.Z. Drugs, 64s and 64s 3d (635, 63s 6d). N.Z. Guarantee Corpn. 8s od, 8s 6d. Holdcn'6 Motors, 3os (34s Gd). Sanford, 20s 3d (20s 3d). Taranaki Oil, 7s 9d (6s 9d). Whitcombe and Tombs, GBs, 67s 6d. Tn Gold Mining shares Ohincmuris, which reached 8s 2d last week, eased to .sales this week from 7s 4d to 6s 6d; Wain is have been active at 22s 4d. 22s sd, :ind 22s Gd. as acainst 22s Gd to 22s ]?, d Inst week. 3lt. Lyells have improved domaml. buyers offering 27s 6d. sellers asking -Id more. """Last wc->k ! s transections were at 27s 3d. Yesterday's Transactions. Business was brighter yesterday* on <-n!l a;nl there was spirited bidding for most Stocks, though the total transaction:.: recorded were not large. Industrial Stocks are still neglected apart from a few exceptions. These •

GENERAL MERCHANDISE. GROCERIES. Business is reported this week ss much brighter than formerly; in fact, there is evidenco of a little life in the trade, which it is to ba hoped will continue. Fresh supplies of sugar landed on Thursday from Auckland—deliveries fftr town were being made yesterday, and country grocers should receive ex 6hip parcels about Monday or Tuesday. _ Stocks of now season's crystallised cherries have arrived, and as this line is manufactured in France/the duty Is now 40 per cent, under the new tariff, in place of 3d per lb formerly. This has added ajd per lb to the cost. Holders who have stocks on hand will be in a favourable position as rogards competition against the recently-landed lines. • \ The sale of ice cream, which is • generally sold by most country stores, has sot in early this season. Stocks of cones and cups are ample, and prices are ruling 3s 6d per box, with a reduction for twelve boxes of 3d per box. A line that should command a ready sale will bo on the market this Christmas season, and that is cellophaned packets of muscatels and almonds packed together in 4oz and Boz packets. Retailing as the,y will about 9d and Is 2d, they should be very good sellers. Singapore pines for December dispatch are receiving the attention of buyers. Prices are favourable, and sales are being made freely. Some retailers consider that the present values will not last long, and they are taking the precaution to cover their requirements down to next Easter.

Canary seed to land in January is good buying, and fair paroels have been booked. Tho dessicated cocoanut market- has a slightly weaker tendency this" week. Sales of salmon are reported to be dragging, but next month should see a jump in turnover. Stocks are now ample to meet nil demands, and it is reported that stocks in retailers' hands are in some cases fairly heavy, but are considered very good holding in view of the unsatisfactory fishing results in Canada and United States this season. The cornflour market is worth attention at present. The maiie market in America and Europe is exceedingly firm, and advances are anticipated in cornflour prices. One of the largest firms operating in England in maiiie and cornflour has just communicated with their New Zealand traveller, and in their letter they state as follows: —"Maixe keeps a strong "and advancing market, and a premium is being paid for forward _ cargoes. European crops are estimated at little more than half last year's total, and while South Africa is offering moro freely, tho couple of million quarters which are expected from that source, will only represent a fraction of the estimated losses in South-Eastern Europe. Meantime, Argentine prices are steadily mounting, and to-day's price is Os per quarter higher than the lowest price during July. This will give you some /idea of the maize question. It is rather astonishing that quotations for tho manufactured article have remained so low us they are. An advance is urgent! v called for. and. one would think, could iot be very lone delayed. We expect that customers will be inclined to take advantage of the present position. It certainly looks as if it would be to their advantage to do so." London quotations this week for shipment to New Zealand for linseed oil were 2s Bsd to 2s OJd, according to brand, drums extra, f.o.b. London. Turpentine advanced Id a gallon this week in New York, and is quoted at 4s gallon in bond, c.i.f New Zealand main ports for cases, each two four gallon tins. Tho butter market is slightly easier, a drop of Id per lb in factory taking place recently. Cheese still continues firm, and factories arc all working full time, and shipping to United Kingdom is the order of the day. The new make is too soft and new for local trade, consequently lines of last season's make, showing matured quality, are well sought after. The 25th deliveries for October account will go on rs usual, the holiday on Monday making no difference. Country storekeepers Fnonld not that all grocery warehouses in the City will be closed all day Monday.

CHRISTCHURCH STOCK EXCHANGE. YESTERDAY'S TRANSACTIONS. Sales Reported—>".Z. Go.i. 5} per cent Inscribed. 1927-U, £OS I2s 6d; Coinm. Bank of Aust , -:*s6d; National Insurance, 80;; X.Z. Insurance, 30s 3d: Union Steam (pref.), 20s 3d; Electro. Zinc (pref.), 30s Gd, 30b 9d, 30s Sd. Sales on 'Change—National Bank of Australasia (io paid), iSlOs; South British Ir.Biirancc (cum div.), 57s (xl, 57s 9d; X.Z. Kef rig. <£' l paid), 13s (2 parcels); Glirietcliurch Gas (now 5s paid), Gs Bd: Montciths Brewery, 13s 2d; Whitcombe and Tombs, 67s 6cl Colonial Sugar, .€-53 17s 6d, .£53 15s: Electro. Zinc (pre;".), 30s 8d; Holden's Motors, 355. QUOTATIONS.

OTHER EXCHANGES. (press association telegrams.) DUNEDIN, October 21. Sales—National Inauranoe, 80s (2); Auckland Amusement Park (ord.), 16s 6d. Sales Keportedr—4J per cent. Inscribed Stock (1938), £O6 ss; New Zealand Drug Co., 64s 3d. THE FRUIT MARKET. CHRISTCHURCH. Supplies of most classes of vegetables were plentiful throughout the week. Cauliflowers were scarcer and prices for them had a firming tendency. Towards the -«nd of the week the beat cauliflowers made up te 12b 6d a dozen. Best quality Stunner apples made up to 12s 6d acase this week, and best Delicious up to 16s. Cooking apples are becoming scarcer. Pcarß sold at late rates this week. A small shipment of Sy4ney fruit, which arrived in Christchurch this week, met with a firm demand. A shipment of American oranges and lemons and Cook Island tomatoos is .expected to come to hand next Tuesday or Wednesday, and the fruit is expected to sell readily. Quotations are as follow: — Apples, Nelson, per case up to 12s 6d; apples, local, per case, up to 12a 6d; apples, Delicious, per case up to 16s; cooking, per case up to 10s; gooseberries, per lb 6d to 7d; lemons, S. Australian, per case, 27s fid; oranges. Cook Island, per case, 27s 6d; oranges, Sydney, per case, 30s; pears, dessert, per half case, up to 7s 6d; pears, No. 2, per cane up to os; tomatoes, dessert, per lb up to 3s 4d: walnuts, per lb, la; asparagus, per dozen bundles, up to 13s 6d: beet, per dozen bundles, up to Is 2d; cabbages, per dozen, up to ss; cauliflowers, per dozen up to 12s 6d; carrots, per dozen up to Is 6d; cucumbers, hothouse, per lb, Is to Is 2d; green peas, per lb, Is; leeks, per bundle, 3d; lettuce, per dozen, 3s 6d, large; new potatoes, per lb up to 9Jd; potatoes, per sugar bag, 2s to 2s 6d ; onions, local, per lb, 2d; parsnips, per dozen, 2s; potatoes, per sack, 8s; radishes, per dozen, 2d to 6d; rhubarb, per' dozen, 2s to 4s 6d; spring onions, per dozen, 1b 6d; turnips per dozen, Is 6d : epinacb, per dozen, Is 9d; swedes, per sugar bag, Is 6d

Concerns merchandising products of good quality can develop the unparalleled sales opportunities in Canterbury most effectively and most economically through the advertising columns of The Pbess. *-6

DUNEDIN. v [THE PEESS Special Service.] DUNEDIN, October 21, bmall shipments of oranges, lemons, and mandarins arrived ex the Karetu direct from Sydney. The fruit arrived- to a bare market and brought high prices. The mandarins were in poor order, and had to be repacked Ihe marts are bare of bananas. Further supplies aro expected about Thursday. Island tomatoeß are also d* on that date. Apples have a better enquiry, and any lots coming forward are quickly taken up by retailers. Most of the apples are coming from Otago Central. Canadians are expected by the Niagara. These should meet a good sale, as tho marts will then have practically sold out their supplies of locally-grown. Local cool stores were not utilised to any extent this season to hold apples, as those reaching tho matrs went into consumption with little delay. It is interesting to note that this time last yoar there were several thousand cases of apples in the cool stores. Teh prospects for the new season's stone fruit aro very promising. Growers in Otago Central have had several narrow escapes from frosts, but in another week or so all danger should have passed. It is expected that the crops will be heavy as last year the trees did not bear fruit to any extent, frosts inflicting' heavy damage. Christchurch-grown hothouse tomatoes are ariving more freely, and prices have eased a little. Good business has been done in vegetables during the week. Second grade cauliflowers are hard to quit, but choice quality have a ready sale. Cabbages and lettuce are in heavy supply, and prices have eased. Small lettuce are unsaleable. Christ-church-grown asparagus is plentiful, and prices are only moderate. Green peas are coming forward from Christchurch. They have a ready sale. Prices ruled up to Is 4d per lb. New potatoes grown on the Peninisula should be in good supply in about a week's time as one of the largest growers will then commence digging. New potatoes realised up to Is 6d per. lb during the week.

SOUTH AMERICAN MEAT. The Xew Zealand Meat Producers' Board has rec daevie|,jcmfwypcm£wvptaoicmfwyp has received a cablegram from its representative at Buenos Aires, South America, advising that the shipments of meat to the United Kingdom for the. fortnight ended October 13tb, 1927, from Argentine and Uruguay were:—l99,9oo quarters chilled beef, 9721 quarters frozen beef, 38,017 carcases frozen, mutton, 75,135 carcases frozen lamb. The quantity shipped to the Continent of Europe daring the same period was as- f0110w5:—72,410 10w5:—72,410 quarters frozen beef, ,7700 cucaEet frozen mutton. .—^^t-^.

CANTERBURY MARKETS COLLAPSE OF POTATO MARKET. (bi our commercial zditob.) Friday Evening. Consequent on the cessation of Home orders for seeds and Australian enquiries for oats, and, in addition, the lifeless state of the potato market, business for the week has been very dull. Potatoes have slipped still further in value. To-day's f.0.b., s.i., price is from !M to £-1 2s Gel a ton, and to growers £2 lus. Even at this figure there- is no purchasing power, the consignments going north "representing stocks held by merchants. Under tho conditions prevailing Auckland merchants arc not doTng anv buying here. Tho consumption is being fully met by consigned tubers. The Wingatui kit yesterday witli 3200 sacks Irom Lytteltou, tho Katoa is due to sail to-morrow, and the Waipiata before tho end of tho month. nn It lias been a disastrous year for 90 per cent, of ilio operators, and it is now certain-that the original estimate of area was much understated. Several extensive potato-growers declare their intention of reducing this year's sowing by 50 per cent, and more, as it is obvious that without the Australian outlet, and with tho increased area sown in the North Island, too many potatoes are being grown. Cereals and Seeds. Wheat continues firm, the few holders of milling anticipating a hardening, whilst fowl wheat is selling freely at a premium. A good deal of interest attaches to the estimated area of the wheat crop for nest year, figures in regard to which should be issued from the Statistician's office within a few weeks. There is a general belief that -the area at least equals that of last year. Legitimate milling business has taken place in next year's early crop at 5s 9d on trucks, and reports of purchases by merchants at up to 6s are current. The break up of the drought in various parts of Australia has ended business with that country in oats. The "cut" freight rate on oats to the Old Country operates only to the end of October, and as the last boat for that destination has sailed all outside outlets have closed. As a result values for A Gartons have eased to 3s 5d f.0.b., s.i., and 3s 2cL for B's. However, not many Gartons are about. Chaff has been sold at £5 a ton f.0.b., s.i., equai to £3 2s 6d on trucks. The overseas demand for seeds has slackened off, and the local trade is rather spasmodic. Standard cocksfoot is worth ll|d a lb, and farmers' dressed 7d. It is believed that as a result of the improved price more cocksfoot has been shut up on the Peninsula this season. Cowgrass is worth 120s a cwt. f.0.b., and '.vhite clover 112s to 115s. Perennial ryegrass is worth 4s 3d to 4s 6d f.0.b., s.i., a bushel, and Italian 3s to 3s 3d. A.good deal of contract growing of peas has been entered into this year at prices ranging from 5s 6d to 6s a bushel on trucks. Quotations. The following are'quotations-for produce, to be paid to farmers, sacks extra, except where otherwise stated : Wheat —6s Id to 6s 3d per bushel for Tuscan; up to 6s 6d for Hunters. Oats—Gartons 2s 6d to 2s 9d a bushel. , Algerians 2s 6d \to 2s 9d; Duns, 2s 6d to 2s 9d. Chaff—£3 per ton. Potatoes—£2 15s a ton. Red Clover—To lOd per lb. White Clover—Bd to 9d. Perennial Ryegrass—2s 6d to 2s 10d per bushel. Italian Ryegrass—ls 6d to Is lOd per bushel. Cocksfoot —7d per lb. " Linseed—Up to £l3 10s per ton. Bran—£s 10s per ton, f.0.b., southern ports; 10s extra for smaller packings. Pollard—£7 10s per ton, f.0.b., southern ports; 10s extra for smaller packings. Flour —Local wholesale price, £l7 10s per ton for 2001b sacks, with the usual increments for smaller packings. Price for shipment £l7 10s per ton, freight paid to main New Zealand ports. j

ASHBURTON MARKETS. The prrain and produce markets are at a standstill, there being little business done ainco last report. There has been a slackening off in the oat market, which, until recently, had claimed a fair amount of business. Owing to the substantial reduction in the rate of freight on oats to the United Kingdom, a fair amount of business has been transacted with that country. These rates will again be increased at the end of the present month. Growers are not offering their, supplies, and some of tho Gartons available will not pass as A grade. As North Island merchants have ample supplies to meet present requirements they are not showing much interest in tho market. Firmness is evident in the wheat market, and during the week a few millers requiring supplies came on to tho market. However in this district not many growers are holding wheat, and those who have any to sell have firm ideas of its value. With the settlement of the tariff question all parties interested now know where they stand, and attention is being turned to next year's crop. There has been a 1 slight improvement in the clover market, while a quantity of business has been done in ryegrass for export. The market for white foble potatoes is still very dull, merchants taking no interest. Auckland merchants are buying very cautiously. There is a better demand, howover, for Dakota tables, and fairly satisfactory prices are being offered for this variety. Dakota seed is also in demand, but white seed is almost unsaleable. There is no ohange in chaff. The following prices are quoted, on trucks, country stations, sacks extra:— Milling. Wheat—Tuscan 6s 3d per bushel, Hunters 6s 6d. Good whole fowl wheat, 6s 2d. Oats—A grade Gartons 2s Bd, B's 2s sd, Algerians 2s 6d to 2g 9d for the best seed, 2s 5d for heavy feed; Duns, good, dark, heavy seed 2s 9d, feed 2s 4d. Chaff —£3 5s to £3 10s per ton for good, bright oatshenf. Partridge Peas—7s 6d to 8s per bushel. Potatoes —£2 10s to £2 15s on trucks for white tables, and £4 10s for Dakota tables. Grass Seed—Perennial 2s 9d to 3s per bushel, Western Wolths and Italian Is 9d to 2s, red and white clover 8d to 9d per lb, according to quality; cocksfoot, 6d per lb. POULTRY MARKET.

Medium entries of poultry came forward for this week's markets. Prices were again high, as the supply was not equal to the demand. The following prices per pair were realised:—Table chicken (light), 7b to 9s 6d; heavy, 10s to i3a; hens (light), 6e to 7s 9d; (heavy) 8s 6d to 10s 6d; ducks, 7s to 9s 6d; geese, 7b to 8s • turkey hens, 15s to 225; turkey gobblers, 30s to 425. The egg market wa well upplied, and prices remained the same a last week. The Canterbury Co-operative Poultry Producers, Ltd., quote the following prices "per dozen: First grade hen eggs, Is 6d; second grade, Is 4Jd. Messrs Macfarlane and Co., Ltd., quote the following prices per dozen: First grade hen eggs, Is 6d to Is 7d; second grade, Is sd. Duck eggs, Is 6d. BRADFORD MARKET. The Department of Agriculture has received the following cablegram from the High Commissioner for New Zealand, London:— Wool —The Bradford market is firm in tone. Business in crossbred is mainly confined to this year's requirements, and yarn quotations are firmly maintained. Quotations for tops are unalatered at last rates quoted, except for 40's prepared which art- now quoted at 1» 84 pe? tt, ' '_. ".., "

Ye; tetd lav. 1. a st Week. L ,a*i Year. Buyc re. 'Selle is. Buyc :rs. Scll< ■rs. Buyei rs. belle rs. £ 8. d. £ s. <1. £ s. d. £ s, . d. £ s. d. £ 6. d. N.7.. GOVT. DEBKNTUKKS1J per cent. Inscribed, 1933 96 5 0 o<; in 0 9i i 2 G — — — ■J. 1 , per cent. Inscribed, 1030 90 2 c — 90 2 G — — — 4 J p>r ccnl. Bonds, 1930 97 22 0 — — — 13 n?r rent. Bonds, 1933 and 1939 96 5 0 — 96 2 G — 90 2 G 96 12 6 5i per cent. Inscribed, 1327-11 98 7 B as i:, 0 — 98 10 ii 9G 15 0 .">} per cent. Inscribed 1933 51 per cent. Bonds, 1933 101 5 0 101 io 0 — — loo, 7 G 100 12 6 101 5 II 10.1 12 fi 101 7 li 100 5 0 100 12 G 5£ per cent. Inscribed, 193G 101 5 .') — 101 5 fi 101 10 0 3 A per cent. Bonds, 193(1 201 7 G _ 101 :, 0 44 per cent. Stock 19il — 91 0 '0 — — — OTHER UKBENTURESTimaru Borough, i\ per cent.', 1933 — !.M 0 0 — 91 11 0 N.Z. Breweries, Bonds 1 3 R 1 3 9 1 3 ■3 i ■; ') 1 3 0 1 3 s GInxo, GJ per cent., 1915 90 0 0 95 0 0 — Gisbornt Sheepfarmevs, 7$ per cent., 1931 .. 84 0 0 94 0 0 — — _ 96 0 0 BANKSAdelaide (cum div.) .. 8 13 6 S IB 0 S 11 0 8 13 fi _ Aust. of Commerce .. 1 12 7 1 12 9 1 12 9 1 13 o 1 11 1 G 1 lo 6 Australasia It U 0 It 13 0 11 9 0 11 11 0 •4 5 0 Comm. of'Aubt. 1 S 5 i 8 (i I 8 ] 1 S ■> 1 12 0 I 12 6 Comm. of Aust. (pref.) 6 IS 0 7 1 0 6 18 0 — fi 17 7 0 0 Comm. of Sydnev 24 10 fl 21 17 6 24 5 0 25 2 fi. 2G 2" 0 26 15 0 E., S„ and A. 7 12 0 7 13 0 7 11 0 7 13 . 0 8 4 0 S 5 0 E., S. and A. (Royal Bank issue) 7 9 6 7 12 0 7 8 0 7 10 0 National of Australasia (£10 paid) 17 8 P 17 11 6 17 G 6 17 10 0 ' National of Australasi.i (£5 naid) .. R 12 e 8 13 fi S 10 0 8 12 i? National ot N.Z. 6 13 0 6 19 6 li 18 SI 6 19 i> fi 19 0 7 0 0 New South Wale3 •11 0 0 44 7 6 44 10 0 44 15 0 45 fi 0 New Zealand .. •2 17 ■ J 2 17 11 2 17 7 2 17 9 3 0 0 3 0 8 New Zealand (Mortgage Shares, £1 paid)" ".. 1 6 0 1 7 0 1 6 0 — New Zealand (Mortgage Share*, 10s paid) .. 0 16 f. — 0 IS G — — Queensland National .. S 5 0 — 8 1 0 _. Union of Aust. U 7 6 14 17 0 14 17 G 15 0 0 15 1 6 15 3 6 INSURANCEMercantile Mutual .. _. 1 8 0 _ National 3 19 1(1 4 0 0 3 19 0 4 0 0 New Zealand .. 1 19 2 ,1 19 4 1 19 I) 1 19 G 2 0 0 2 0 9 f-'outh British 2 17 !) 2 18 1 2 17 4 2 17 7 — Standard 3 0 6 — _ 3 2 G — United U 15 u — — — _ _ LOAN AND AGENCYDalgcty and Co. is in 0 13 12 fi 13 8 G 13 12 0 16 3 6 _ Dalgoty and Co. (new; 13 0 0 13 2 0 12 18 0 13 3 0 . Goldsbrough, Mort •2 7 4 2 7 9 2 7 2 2 8 0 2 10 6 2 10 9 Goldsbrough, Mort (new) 2 -6 4 2 fi 6 2 5 10 2 6 10 __ National Mortgage 3 11 0 -1 3 10 3 3 15 c N.Z. Loan and Mercantile (ord. stock) 93 15 0 — 93 0 ' 0 — 92 10 0 93 10 0 SHIPPING—Devonport Ferry '' 1 3 !l 1 5 0 _ _ ..._ _ Howard, Smith - .. 1 10 ("> "!. 11 i: 1 10 0 1 10 6 1 11 6 1 12 0 Huddart-Panker 2 7 S 3 8 0 -.2 6 9 6 2 8 3 Huddarl-Parker (prof.) 1 i.i ... 1 0 3 1 0 3 P. and O. Deferred Stock 215 - 0 o : 2-74 0 0 276 0 o : 278 0 0 250 0 0! 252 0 0 Union (pref.) 1 0 1 1 0 6 — 1 1 0 1 0 « 1 0 6 FROZEN MEAT-, Canterbury 7 10 6 7 19 0 _ _■ , Canterbury (pref.) 4 1ft 0 5 0 0 — — _ v _ N.Z. Rofrig. (£1 paid) 0 14 11 air, 0 0 14 9 0 15 3 0 14 3 0 15 9 N.Z. Kefrig. ;contr.) .. 0 7 7 0 7 9 0 7 G 0 7 9 0 6 9 0 6 5 WOOLLENS— Kaiapoi (17s paid) 0 7 8 0 9 0 0 7 0 .0 9 G 0 11 0 0 11' 6 Kaiapoi- (prof.) 0 10 0 0 12 3 0 10 0 0 13 0 Mosgiel ti (i 0 — — COALHikurangi (pref.) 0 6 3 . 0 6 3 0 6 9 Hikuragi (ord.) — 0 8 3 — __ — ' Taupiri (ord,) 1 5 9 — 1 5 0 — — — Westport 1 15 0 1 1G 0 1 14 6 1 16 0 1 7 4 1 19 0 Stookton (ord.) 0 1 3 0 1 9 0 1 3 0 1 8 — Stockton (pref.) 0 2 10 0 3 <; 0 2 10 — — — GASAshburton .. .. 5 11 a 3 17 6 _ 4 12 0 5 2, 0 Auckland 1 3 J , Christchurch .. 1 3 2 1 3 10 1 2 9 1 8 9 1 3 11 1 4 1 Christchurch (new 5s paid) 0 G 6 0 6 7 0 6 2 0 6 3 Timaru 1 1 31 2 4 — 1 3 0 BREWERIES— Einu ., 1 6 0 Queensland 1 8 3 I'll 0 _ Crown Tui 0 13 3 0 14 1 0 12 9 — — _ 1 5 0 Monteith's .. .. 0 18 0 1 0 6 0 19 0 1 1 0 Nrw Zealand .. ' .. ,2 3 10 2 4 6 2 3 6 2 4 5 2 11 0 2ii, 1 17 9 Sta-ples 1 18 0 1 19 3 1 18 6 1 19 9 1 17 G. 9 Ward — 1 18 0 1 18 0 White Star .. - .. 1 0 0 Tooths 3 0 0 2 s 0 _ 11 CEMENTS— Wilson's 1 16 0 1 16 6 1 ls5 9 1 16 6 _ 1 13 8 TIMBER— Kauri .. ,. 1 3 7 1 4 3 _ 1 0 3 1 10 3 MI3CELL-ANEOUS-Allied Motors _ , .. 0 9 0 0-12 6 17 3 Beath and Co'. 1 12 3 1 129 1 12 4 1 13 n 1 12 0 i is 6 British Tobacco Burns, Philp . •J 17 1 16 6 2 18 1 17 3 6 - 2 18 1 16 3 0 2 19 3 » 2 U 1 16 3 6 2 12 3 Colonial Sugar 53 17 6 54 0 0 53 10 0 53 15 0 •55 0 o Dunlop Rubber 1 6 0 1 ■ 7 0 Electro. Zinc, (ord.) .. 1 9 0 1 10 0 1 10 0 , 1 10 s 1 is g Electro. Zinc (pref.) .. 1 10 11 1 11 3 1 11 6 1 11 11 1 17 G Holden's Motors 1 14 9 1 15 0 Mercantile Finance Cor- "" poration (5s paid) .. 0 1 8 0 2 0 0 2 3 N.Z. Drug Co. 3 4 0 3 4 3 3 3 6 3 10 3 3 11 6 N.Z. Guarantee Corpn. 0 8 8 0 8 11 Taranaki Oilfields (. 8 3 0 8 8 0 7' S. 0 8 r Whitcombe and Tombs 3 7 6 3 7 !) 3 7 0 3 8 o 3 7 6 3~9 0 .N.Zt Malay Rubber (pref.) 1 18 0N.Z. Malay Rubber (ord.) 1 2 0 1 8 0 MININGKawarau Mt. Lyell C 0 1 7 9 6 1 7 10 0 0 ' 1 7 6 ,9 1 8 0 0 2 '•■17 5 9 0 2 11 1 8 i Waihi 1 2 3 1 a 9 1 2 6