FINANCE AND COMMERCE.

Press, Volume LXIII, Issue 19139, 24 October 1927, Page 10

FINANCE AND COMMERCE.

.MEAT BOARD'S POWERS. OTAGO CRITICISM. (press association telegram.) DUNEDIN, October 22. At the annual meeting of the South Otago Freezing Company, Mr James Begg criticised the M-sat Board's power to prevent sales of freezing works, which had made such works worthless as securities! Presumably, he said, theMeat Board was not exceeding the power granted by the Government, so the responsibility must rest upon the latter. The Reform Government apparently approved of this confiscatory legislation, and its example might be greedily followed by more radical successors. They could easily imagine a Board set up with power to veto all transfers of land or other property. By its action in making property valueless, a useful precedent had been given b,y the Reform Government. FOREIGN LOANS. KECORD MONTH IN U.S.A. (jrr CABLE—r-RESS ASSOCIATIOK—COPTRIGHT.) (AUSTRALIAN AXD N.Z. CABLE ASSOCIATIOK.) WASHINGTON, October 21. All post-war records for foreign loans have been broken this month, and the Commerce Department expects that the end of the month might find all American records for foreign flotations in the American; market exceeded. The Department announcement states that to date an aggregate of 250,000,000 dollars has been floated in the United States. In October, 1916, the flotation for the fntire month was 372,736,000 dollars, comprising war loans to the Allies, of which 300,000,000 went to England. October was a record month in 1926, with 173,890,000 dollars. German, Polish, and Brazilian offerings comprised the bulk of this month's business. MEAT CONTRACT. :^- (BT CABLE—PRESS A63OCIATIOK COPTRIGHT.) (ADSrUALUN AHD N.Z. AMD SUN CABLE.) LONDON, October 21. New Zealand is a. minor participant ki the Government moat contract. RURAL CREDITS. £; BONDS FOR SALE SOON. [TBS PRESS Special Serrice.] WELLINGTON, October 22. Almost sufficient security is now in hand for the Government to market its first' issue of bonds under the Eural Credits Act. An announcement may be expected in.a few days, states Mr R. E. Hayes, Secretary : to th: Treasury. The time of issue is now largely dependent on the suitability of the money market,', ; If the Government wishes to obtain some renewals of loans'before the bonds are'offered, their marketing may be delayed for a short poriod.

FRUIT GUARANTEE. MINISTER REFUSES INCREASE. [THE PBBSB Special Sirrtce.] WELLINGTON, October 22. The efforts of tho Fruit Export Control Board ,to induce the Minister for Agriculture to increase the Government guarantee for exported apples and pears has been vain. A few weeks ago tho Board received notice that the guarantee this year was to be reduced to 10s per case. Since then representations nave been made (to the Minister that this reduction is too great, but the Hon. Mr Hawken has declined to alter th figure. It is stated that the 10s given by the Government is more than sufficient to cover the cost of marketing. When it is seen how the season will affect growers, the Board intends approaching the Minister again. FEILDING STOCK SALE. (PBESS ASSOCIATIOM TELEGRAM.) FEILDING, October 21. At the Feilding stock sale there was an average yarding of fat sheep which sold on ■bout a par with last week's rates, shorn wethers being perhaps a shade better. Very few store sheep were offered. Thes.e sold at late rates. Fat woolly ewes made 27s lid to 30s, fat shorn ewes 18s to 225, fat thorn maiden owes- 23s 7d to 25s 9d, fat shorn wetherß 25s 4d to 28s Id, fat shorn hoggets 27s Bd, failing-mouth ewes with 10 per cent, good Down lambs 83s, shorn empty ewes lbs 2d, woolly empty ewes 13s Bd to 20s 3d. There was a fair-sized entry of cattle. Dairy sorts met with # a good sale, and fat cattle also were in dcruand. Stores met with dull (ale, all the larger Hues being passed in under the hammer. Good fat bullocks made £lO 3s 6d to £lO 13s 6d, good fat cows £0 17s 6d to" £8 10s, light fat cows £5 5s to £5 15s, very-fine maiden heifers £7 6s to £B, two-year Aberdeen Angus heifers £4 10s 6d, Aberdeen Angus yearling steers £3 19s 6d, three year empty Hereford heifers £4 7s 6d,' good-springing Jersey heifers £8 to £ll, medium £5 to £7, Jersey cross heifers £5 10s to £5, springing cows £7 .7s 6d, pedigree yearling Jersey bulls llSgns to 14gns.

PROMPT SHIPMENT. (PRESS ASSOCIATION TEIJEGBAiI.) WELLINGTON, October 91. Tie Now Zealand Dairy Produce Board at ite meeting to-day decided to make arT»ngem«nta for butter and cheese to be promptly shipped np to the end of January, in view of the general position of the British market, with Argentino and Australian ■vpplies short. STUDHOLME JUNCTION SALE. The yarding at the Studholme Junction •ale was a small one, and the attendance of farmers and buyers was not large. Late prices,. however, were fully maintained. Sheep—l 6 ewe hoggets sold at 335, 76 sound and failing crossbred ewes with lambs at 18s 6d (all counted), 9 s.m. ewes and 10 lambs 19s Id, 608 halfbred wether hogsets passed at 23s 10d, 27 ewes and lambs •old at 17s 3d, 6 fat ewes at 33s 6d,*10 fat wethers at 33s 6d, 9 fat ewes at 32s Sd. Cattle —Dairy cows sold: 1 at £6 ISs, 1 at £7. 1 at £4 ss, 1 at £7 2s 6d. Yearling heifers brought £3 10s, and two yearlings 255, Jersey bull £6 15s, and i steers £5 10s. SALE OP LAND. The N.JS. Farmers' Co-op. Association- of Canterbury, Ltd., report haTing held a successful land sale in their salerooms, Casual street, on Saturday. Lot 1, on account of the mortgagees, was 597 acres 3 roods 28 perches, situated in the Oxford district. Mr A. H. Bu*K was the purchaser at £9 10s per •ere. Lot 3 was sold in conjunction with iietm patgety and Co., on account of the mortgagee trustees, and comprised 288 acres ©roods 33 perches, in the Oxford district. i The purchaser was again Mr Bush at *7 Si I M per. acre. Lot 9ni >puie& in.

PETROL PRICES. "Through the action of the Canterbury branch of the New Zealand Motor Traders' Association,'' said the president of the Association, Mr G. Tench, to a representative of The Pkess, "motorists of Christchurch have had the benefit of buying their petrol at garages at a reduced price. This action was decidted upon about- two months ago because of complaints ot price-cutting at roadside stations. It was sought by this step to achieve .a uniform price by which all petrol retailers would abide. Since this step, the proprietors of pumps and the garage proprietors have been negotiating, and are within measurable distance of an amicable working arrangement. "Some motorists are under tbe impression that the price of petrol has been increased again at the garages. Such is not the case, and it wjjl be some time befrre an increase will be announced by ttie garage proprietors."

MEAT. HOME MARKETS. (BT CABLE—PRESS ASSOCIATION—COPTRIGHT.) (APSTBALIAK AND K.Z CABLE ASSOCIATIOK.) (Received October 23rd, 5.5 p.m.) LONDON October 22. Sheep— Canterbury, medium 6jjd per lb, heavy 6d; North Island. Hcbt 6id, medwui 6d, heavy 5Jd; New Zealand ewes, 42d. Lambs—Canterbury seconds 9id per lb; other Belectods, light OJd; Argentine firsts, light BJd. medium Bd, seconds Bd. ■ Frozen Beef—Australian crops, 3 15-16 d per lb, hinds 4Jd; chilled. Argentine hmds, 6d; other meats unchanged. Dalgety and Company, Ltd., have received the following cablegram from their London office, dated October 26th:— Frozen Lamb —Market firm, owing to light stocks. Demand runs principally on heavy ■weights. Quotations: 28-361b, Canterbury 9'Jd, North Island 91d; 36-421b, Canterbury !)Jd, North Island 9Jd; second quality, Can-, terbury 9}d, North Island 9}d; 42-501b, Canterbury Old, North Island 9d. Frozen Mutton Market —Any change is in favour of • buyers. Demand limited. Quotations: 48»561b, Canterbury 6jd, North Island 6}d; 56-G4lb, Canterbury fljd, North Island ssd; 64-721b Canterbury 53d; North Island s id; ewes, 48-641b, Canterbury 42d, North Island 4gd. Frozen Beef—Quotations: Argentine chilled, hinds ojd, fores 3Jd. Pork —Quotations: English pork, 9d to 10Jd; New Zealand porkers, bO to 1001b, SJd; 100 to 1201b, 8d; New Zealand baconors, 120 to 1701b, nominally 6Jd; 1701b and over Od.

SMITHFIELD PRICES. The New Zealand Meat Producers' Board' ban received the following cable from its London office, dated October 21st, advising Smithfield delivered prices at that dato as follows, prices for the two previous weeks being also shown:—

Lamb—The market' is quiet, but steady. Mutton —For wethers, the market Is easier, and for ewes the market is rather slow.

WHEAT. NEW YORK, October 21. ' Chicago 'wheat quotations are: December, 123J cents a. bushel; March, 126 i cent's; May, 1282 cents. Chicago quotations. (Xt caßi.e—pbess association—corxbight.) (austbaliak and n.z. cable association.) (Received Ootober 23rd,' 6.5 p.m.) : NEW YORK, October 22. Chicago wheat quotations are aa follows: December 132J, ilaroh 1252, Hay 12.7J cents per bushel. WOOL. N.SrW.'S EXPORTS. (BI CABLE—PBESS ASSOCIATION—COPIBIGHT.) (AUSTRALIAN AXD K.Z CABLX ASSOCIATION.) • v SYDNEY, October 22. The export of the new season's wool to date amounts to 220,000 bales, valued at approximately £5,000,000. Of this, foreign vessels carried 133,000 bales and British vessels 87,000 bales. GOLD. LONDON, October 21. The price of gold is £4 4s Hid an ounce. VICTORIAN LOAN. LONDON, Octobe* 20. • The Victorian loan of £4,000,000. issued at £97 10s, and bearing 5 per cent, interest, repayable in 1945-75, has been-underwritten. WEEKS. LTD. The balance-sheet of Weeks, Ltd., shows:— LIABILITIES.

The net profit for the 1927 year was £6392, as compared with £7OS9 in 1926. The dividend remained the same at 12 per cent., and absorbed' £5400, leaving £992 to be carried to the reserves. • POULTRY MARKET. Medium entries of poultry have come forward, and prices remain high, as the supply is not equal to the demand: Values are:— Table chickens, light 7s to 9s 6d, heavies 10s to 13s; hens, light 6s to 7i 94, heavies 8s 6d to 10s 6d; ducks, 7s to 9a 6d; geese. 7a to 1 Ba;' turkey hens, ISa to 225; turkey gobblers 80a to 43i. al) per pais,

BANK OF ENGLAND RETURNS. (bt cable—press association —coptriget). '.Australian and k.z cable associatiok.) LONDON, October 20. Tie following are the Bank of England returns for the week-ended Wednesday:— Issue Department. Not* circulation .. .. 136,539,000 Notes in reserve .. .. 32,833,000 Total 169,423,000 Government debt .. .. 11,013,000 Other securities ... .. 8,736,000 Gold coin and bullion .. .. 149,672,000 Total 169,423,000 Banking Department. Proprietors' oa-nital .. .. 14,550.000 Reit 3.118,000 Public deposits .. .. 22.007,000 Other deposit .. 90,331,000 •Seven-day and other bills .. 2,000 Tot3j .. .. .. 139,151,000 Government securities ... 47,550,000 Other securities .. .. 56,176,000 Notes in reserve v .. .. 33.553.000 Gold and silver coin .. 1,542,000 Total 130,151,000 Proportion ci reserve to liabilities, 20.10 per cent. Short loans are quoted at 31 per rent., three months' bills at -4 5-10 per cent. GOVERNMENT SECURITIES. LONDON, October 20. The following are the latest quotations for Government securities compared with the prices ruling last week: —

FOREIGN EXCHANGE RATES. LONDON, October 20. Th« exchange rates on London aro a* followB:

ARGENTINE HARVEST. (acstkalian and n.z. cable association.) (Received October 23rd, 6.5 p.m.) BUENOS AYRES, October 22. The Government estimates that the plant-, ed area of wheat is 19,646,805 acres for the 1927-28 harvest. LONDON MARKETS. e (Received October 23rd, 5.5 p.m.) LONDON, October 22. Cotton—Liverpool quotation, American middling upland, November delivery, 10.69 d per pound. Rubber —Fine hard Para. 14d per lb;.plantation, first la tei crepe, 16Jd; 6moked ribbed sheet, 16Jd. Jute —Indian native, first marks, OctoberNovember shipment, £29 18s 9d per ton. New Zealand Hemp—November-December shipment, £34 per ton. Copra—Bagged South Sea, October-Novem-ber shipment, £26 17s 6d per ton. Linseed oil—£3l por ton, equal to 2s 5%i per gallon. Turpentine—37s 3d per cwt, equal to 2s 6 92d per gallon. METALS. (Received October 21at, 9.55 p.m.) LONDON,' October 20. Copper--Spot, £55" 10s 7Jd per ton; forward, £55 lis llOid. Electrolytic—Spot, £62 10s per ton; forward, £62 15a. Wire Bars—£G2 15s per ton. Lead—Spot, £2O 12s 6d per ton; forward, £2O 18s 9d. Spelter—Spot, £27 la 3d per ton; forward. £27 Is 3d. ' Tin—Spot, £261 7a 6d por ton; forward, £261. ' Silver—Standard,- 27gd per oz; forward. 27£ d. ' SUGAR. (Received October 21st, 8.10 p.m.) LONDON, October 2a Sugar, gra-nulated, is quoted at 29s 7£d. DAIRY PRODUCE. (Received October 21st, 8.10 p.m.) ' LONDON, October 20. Butter is very dull; Danish 190s per cwt; New Zealand, choicest salted, 1743 to 178 a'; Australian, 172s to 1765. L'nsalted is practically cleared. . Cheese is firm: New Zealand, 103s to 10>le per cwt; Australian, 100 a to 101s. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from London, under date October 19th:— Butter —176s to ISOs per cwt. Market slow. Cheese—lo4s to 105s per ewt. Market quiet. Dalgety and Co., Ltd., have received the following cablegram from their London office, dated October 20tb:— - Butter—Market very quiet. We quote: Danish, 190s; finest New Zealand, salted, 174s to 1735; finest Australian, unsilted 176s to 180s, salted 172s to 1765. Cheese —Market very qniet. We quote: New Zealand, white and coloured, 101 ato 103s; Canadian spot, whito and coloured, 100s to 104s; Canadian c.i.f., 100s. A. H. Turnbull and Co. have received the following cabled advice from Lohdon, dated October 21st, prices for the previous Keek being mentioned in parentheses:— 'Butter—Danish 190s to 192s (192s to 196s>; New Zealand, unsalted 184s to 188s (184s to 188s), salted 173s to 176s (174s to 178s). The market is slow. Cheese—White and coloured, 102s to 104s (103s to 105s). The market is slow. Canadian cheese, white and Coloured, ilOSs to 105 a Oo4s to IOStX.

CHRISTCHURCH STOCK EXCHANGE. Markets were particularly quiet oa 'call on Saturday morning. The Exchange trill be closed to-day (Labour Day). Pending holidays usually have a- quietening effect on the markets. Prices were fully maintained in most stocks, but the volume of business was small. In the Stack and Bond section price* were unaltered on Friday's figures. Wellington City 6 per cent. 1930 debentures were cffered at £lO3, buyers quoting £IOO 15s. In the banking section, transactions were confined to three issues. Five hundred Commercial Bank of Australia changed hands at 2Ss 6d, with further sellers at that price, buyers offering 2Ss sd, and a parcel of English, Scottish, and Australians were turned over at £7 13s. Bank of New Zealand had a 6ale at 57s 9d, buyers being unsatisfied, with sellers offering at 57s lid. Bank of Now South Wales entered the sellling list at £4l 7s 6d, no buyers quoting. Other bank shares held at late prices. In the miscellaneous section, there was a turnover of 200 New Zealand Insurance shares at 39s 3d, sellers offering more at that figure, buyers bidding 38b Id. Three hundred and fifty Christchurch Gas new shares, 5a paid, were bought at G3 6d, buyers being left in at that price without sellers responding. The old shares in this company were quotexl buyers 235, sellers 245. One hundred and fifty Whitcombe and Tombs were sold at 67s 6d, buyers quoting to buy more at that price, sellers "asking 67s 3d. Other quotations were:—South British Insurance Co., buyers 57s 9d, sellers 58s; Dalgety and Co., buyers £l3 10s, sellers £l3 13s; for new shares in this company £l3 0s 6d was offered, sellers at £l3 2s; National Mortgage, buyers 725, sellers 80s; Loan and Mercantile ordinary stock entered the buying list at £93 10s, with no sellers offering. Electrolytic Zincs, ordinary, buyers 295, sellers 30s; preference 30s lOd buyers, 31s 3d sellers.

SATURDAY'S TRANSACTIONS. Sales reported—Comm. Bank of Aust., 2Ss Gd (three parccis); Bank of New Zealand, 57a 9d; English, Scottish, and Australian Bank, i' 7 13s; N.Z. Insurance, 39s 3d; Whitcombe and Tombs, 67e 6d. Sales on 'Change—New Zealand Insurance, 3Ss 3d; Whitcombe and Tombs, 670 (id; Christchurch Gas (new, 5s paid), Cs 6d (two parcels). LATEST QUOTATIONS.

OTHER EXCHANGES. (press association tblbgeams.) AUCKLAND, October 23. Sharemarket sales—Commercial Bank of Australia, 08s 6d; South British Insurance 58s; Northern Steamship, 14s 9d; British Tobacco, 58s 6d; Waihi 22s sd. WELLINGTON, October 23. Sale—Holden's Motor Body Builders, 35s 3d. DUNEDIN, October 28. Sale reported—North Broken Hill, 83s 6d.

Oct. Oct. Oct. 21 14. 7. cl. d. d. N.Z. Wethers and Maidens — Canterbury qualitySelected brands: 50-under .. 63 63 63 57-64 68 6J 64 65-72 ... 6 64 64 Other brands: 56-under .. ». 6i 6L 64 ,57-64 6 64 64 65-72 .. ... §2 5S 52 New Zealand Ewes— 64-under .. *. 4i 45 54 K.Z. Lambs— Canterbury quality: 36-under .. ., n 92 92 - 37-42 .. .. 91 n 93 .43-50 • .. 94 94 94 Seconds . > •. 9i n 9§ Selected brands— , 36-under .. .. 9S 02 .93 37-42- —. .. _ii_.9i "^S Other brands— ~— First quality: /36-under .. \ .. 9S 94 n [37-42 .. \ :.., n -94 9.1 Second quality: ■ i30-32 average/ 93/ 91 95 Now ZelUand Beet—/ ..S. .. / 3S 3§ 38 Ox hinds■„.. .. 5i 5 J 5i Argentine Chilled BeefOx fores .. .. SI 33 4 Ox hinds .. .. 6 64 6i Argentine Frozen Beef— Ox fores .. 3& n 33 Ox hinds a'i ■o'l 52 Frozen Pork— 8<M201b .. 8S 82 n 120-1801b .. 7 7 7

1926. £ 1927. £ Capital, 6000 shares £5 paid, 6000 shares £3 10s paid .. 45,000 45,000 Reserve .. •• •• 18,000 20,000 Profit and loss .. .. 6,296 5,290 Shareholders' funds ... 69/298 70.2SJ0 Sundry creditors ... .«• 19,346 13,059 £88,344 83,359 ASSETS. Goods on hand 16,000 14,213 Plant, etc., less depreciation 6,319 5,319 Bills receivable SO 242 Sundry • debtors 9,034 7,970 Auckland branch 17,331 17,322 Property, Auckland and Chnstchurch -Bank 33,325 33,294 1,565 £83.544 83.359

Lust \\ eek. This Week. £ s d £ it d Imperial Consols, 2) l p.c. 56 0 0 55 12 6 War Loan, 5 p.c 1929-47 ' 99 17 6 99 18 9 War Loan, 3 J p.c. 1925-28 'l02 15 0 102 17 6 Conversion loan, 3i p.c 75 2 6 76 7 6 Commonwealth, 6 p.c, 1931-41 . . 103 0 0 .103 2 6 Commonwealth 5 p.e., 1945-75 . . OS 12 6 90 0 0 New Zealand, 6 p.c, 1936-51 . . 10S 0 0 103 0 0 New Zealand, 4 p.c. 1929 97 10 0 97 10 0 New Zealand, 3J p.c, 1940 87 5 0 S7 7 6 New Zealand, 3 p.c. 1945 77 10 0 77 15 0 New South Wales, 6 p.c, 1930-40 . .. 101 2 6 New South Wales, 52 p.c, 1922-32 .. 103 10 0 _ New South Wales, 5 p.c. 100 3 9 New South Wales, 4 p.c, 1933 94 0 0 —- New South Wales, 3 J p.c, 1930-40 .. 76 Ty 0 — New South Wales, 3 p.c, 1935 85 7 6 Victoria, 5£ p.c, 1934-40 So 15 0 96 0 0 Victoria, 5§ p.c, 1921-26 100 13 9 100 16 3 Victoria, 3 p.c, 1929-49 72 10 0 72 5 0 Victoria, 5 p.e.. 1932-42 98 7 6 99 2 6 Victoria, 3 p.c, 1920-40 77 '2 0 77 5 0 Queensland, 6 p.c, 1930-40 103 0 0 102 17 6 Queensland, 3} p.c, 1930 95 15 0 94 15 0 ■Queensland, 3 p.c, 1922-47 72 5 0 72 5 0 South Australia, 6} p.c, 1930-40 . . 103 7 6 103 IS 0 South Australia, 3J p.c, 1939 85 7 6 85 15 0 South Australia, 3 p.c, 1916 or after 62 0 0 62 10 0 West Australia, 6 p.c, 1930-40 .. 102 10 0 102 12 6 West Australia, 3i p.c, .1920-35 .. 88 10 0 88 5 0 West Australia, 3 p.c, 1915-35 .. 85 5 0 85 10 0 Tasmania, 61 p.c, 1930-40 104 10 0 104 10 0 Tasmania, 82 p.c, 1920-40 Si 2 6 8-1 7 6 Tasmania, 3 p.c, i 1920-40 78 0 0 78 0 0

Par. Oct. 13. Oct. 20. Paris, fr. to £1 .. 21.92& 124.05 124.05 Brussels, belgas to £1 5 34.97 34.99 Oslo, kr. to £1 .. 18.15 18.49 18.55 Copenhagen, kr. to XI 18.159 18.17 18.17 Stockholm, kr. to £1 18.150 18.09 18.06 Amsterdam, fl. 12.107 12.12i 12.10J Berlin, Reichmarken to £1 .. — 20.41 20.40 Montreal, dol. to £1 4.S6J 4.86g 4.87 3-16 New York, dol. to £1 •t.SGJ 4.87i 4.86 9-16 Yokohama, st. to yen 24.5 23 22 15-16

Rome, lire to £1 .. 25.22J- 89.18 89.13 Calcutta, st. to rpe. 15 to gold £ 18 18 Hong-Kong', st. to dol. * 24 24 Batavia. .. .. — 12.13 12.134 * Governed by price of silver.

Buye rs. Seller3. £ s. d. £ e. d. N.Z. GOVT. .DEBENTURES4J per cent. Inscribed, 1933 and 1939 95 2 6 — 4J per cent. Bonds, 1938 96 o 0 96 10 0 5$ per cent. Inscribed 1933 101 5 0 — SJ per cent. Bonds, 1933 •• •• : 101 5 0 101 15 0 5J per cent. Inscribed, 393S .. .. : 101 5 0 — 5jJ per cent. Bonds, 1936 .. .. : 101 7 6 — OTHER DEBENTURES— Hastings "■ Borough, 5 per cent., 1940 — ] LOO 0 0 Otago Harbour, 5 per cent., 1934 90 0 0 100 0 0 ■Wellington City, 6 per cent., 18C0 .. : 100 15 0 103 0 0 Makerua. Drainage, 6 per cent., 1946 — j L02 5 0 N.Z. Breweries, Inacr. 1 3 6 1 3 11 N.Z. Breweries, Bonds 1 3 6 BANKSAdelaide (cum div.) .. 8 14 6 — Aust. of Commerce 1 12 6 1 13 0 Australasia14 10 0 14 13 0 Gomm. of Aust. 1 8 5 1 8 6 Conini. of Aust. (pref.) 6 13 0 — E., S., and A. 7 11 6 7 14 0 E., S., and A. (Royal Bank issue) 7 9 0 — ■ National of Australasia (£10 paid) 17 S 6 17 13 G National of Australasia (£5 paid) ..— National of N.Z. 8 12 0 8 14 0 6 18 0 6 19 0 New South ' Wales — 44 7 6 New Zealand .. 2 17 9 2 17 11 New Zealand (Mortgage Shares, £1 paid) .. 1 6 0 — New Zealand (Mortgage Shares, 10s paid) .. 0 1G 6 — Union of Aust. ... 14 IS 0 INSURANCENational ... >.; 3 19 e 4 0 0 New Zealand .. 1 19 1 1 19 3 South British (cum div.) 2 17 9 2 18 .0 LOAN and AGENCYDalgety and. Co. 13 10 0 13 13 0 Dalgety and Co. (new) 13 0 6 13 2 0 Goldsbiough, Mort 2 7 3 2 7 9 Goldsbrough, Mort (new) 2 6 1 — National Mortgage 3 13 0 4 0 0 N.Z. Loan and Mercantile (ord. stock) 93 10 0 SHIPPINGHoward, Smith 1 10 4 1 11 3 Huddart-Parker 2 7 0 P. and '0. Deferred Stock ; 273 0 0 FROZEN MEATCanterbury 7 15 0 7 19 6 Canterbury (r>ref.) 4 15 0 5 0 0 N.Z. Refrig. (contr.) .. 0 7 7 0 7 9 WOOLLENSKaiapoi (17s paid) .. 0 7 G 0 10 0 COALTaupiri (ord.) 1 5 9 16 6 Westport ., 1 15 0 1 15 6 GAS- ' Auckland .. .. 1 2 6 13 2 Chnstckurch .. 1 3 0 14 0 | Christchurch (ne'w 6a paid) BREWERIES— 0 S 6 — Crown .. ,. 0 18 0 0 14 1 Monteitk's 10 3 Staples 1 18 0 1 19 0 Ward 1 18 0 MISCELLANEOUS— Beath and Co. 1 12 i 1 12 8 Auckland Amusement Park 0 16 0 0 16 S British Tobacco 2 18 0 2 18 9 Electro. Zinc (ord.) ... 1 9 0 1 10 0 Electro. Zinc (pref.) .. 1 10 10 1 11 3 Holden's Motors 1 14 9 1 15 2 N.Z. Drug Co. 3 4 3 N.Z. Farmers Co-op. (1st pref.) 3 13 0 N.Z. Farmers' Co-op. (6J per cent. Stock, 1930)s 78 10 0 SO 10 0 N.Z. Farmers' Co-op. (6J per cent. Stock, 1935) 75 0 0 82 0 0 | N.Z. Guarantee Corpn. 0 8 6 0 8 9 | N.Z. Sugar of Milk .. 13 6 1 Sanford, Ltd. 10 3 I Taranaki Oilfields 0 8 1 0 8 6 [ Whitcombe and Tombs 3 7 6 3 7 9 ! Greater Crystal Palace 0 17 8 10 0 Quill, Morris 1 MINING— ■ 1 1 0 1 Kawarau 0 0 6 0 0 10 Mt, Lyell 1 7 6