CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXIII, Issue 19174, 3 December 1927, Page 12

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS. Snlea on Change-Bank of New South Wales, W ss; New Zealand Insurance, 40a (two parcels': Commercial Bank of Australia, 29s 3d (two parcels); New Zealand Eefngerating (10s paid), 8e 9d, 8« 8d; Staples Brewery, 365; British Tobacco, SSs €di Klcc'ro Zinc CpreP, 31s lOd. Sales !■■:;».'ted-Xew Zealand Breweries, Us: Staples Brewery, 386: Colonial Sugar, Hi 17s fi.h Waihi. -2\e 9d (two parcels).

OTHER EXCHANGES. (VRT.33 ASSOCIATION TsLZGBAMB.) AUCKLAND, December 2. Saleh—Hamilton Borough, 1944, 6 per cent., £lOl 10s; Bank of New South Wales, £45; Bank of New Zealand. 00s 3d; Ohinerauri, 6s 6d; Waihi, 21s 9d, 21s lOd, 21s lid, 225. WELLINGTON, December 2. Salos reported:—4J per cent. Stock, 1938 (two parcels), £96 17s 6d; 41 per cent. Stock, 1939, £96 17s 6d; 5* per cent. Stock, 1933, £lOl ss; Bank of Australasia, £l4 15s; Bank of New Zealand (two parcels), GOs 3d; Christchurch Gas (new issue), 6s 6d; Wellington Woollen (ord.), £6 4b Od. DUNEDIN, November 2. Sales—Upper Nevis, 275. Sales Reported—-Bank of New Zealand, 60s 3d (two) ; lit. Lyoll, 28s 6d (two); National Insurance, 15s 6d (two); D.I.C. (pre.), 20s 9d; E. S. and A. Bank, £7 13s; New Zealand Breweries Debentures 28? 6d (two); 5J per cont. Inscribed Stock, 1933, £lOl 5s (two); Taranaki Oil, 10s 4d; Waihi, 225. CLEARING SALE REPORT. Jones, McCrostie Co., Ltd., held during this week successful cloaring sales on account of Mr Pricstnall, on the premises, Fitzgerald avenue, on account of Mr Hoffman, on the premises, Bellevue avenue, and in their rooms. Amongst the articles sold the following prices were realised:—Rug £3 15s, motor-bicycle £5, couch £3 ss, couch and two chairs £3O, occ. table £2 12s 6d, china cabinet £7, carpet £2l, wardrobe £8 10s, duchesse chest £7, bedstead and wire £6, rug £3, bedstead £3 10s, carpet £35, chesterfield £ll, two easy chairs £6 10s, chesterfield £B, dining chairs £5 10s, oak buffet £l2, dining table £5 15s, gramophone and records £9 10s, electric vacuum £4 15s, rug £3 15s, desk £5, office chair £2 ss, sewing machine £8 ss, mirror £3 15s, bedstead £5 ss, ottoman couch £2 15s, oak bedstead and duchesse £B, two single- bedsteads £6 15s, sideboard £B, 3ft bedstead. £3 2s 6d, ditto £2 ss, ditto £2 15s, chairs £5 ss, sewing machine £7 15s, mahogany bedstead £l6, part bedroom Buite £l3 10s, two water-colours £5, carpet £9 10s ditto £6, ditto £6 2s 6d, rug £4 10s, ditto £3 15s, wardrobe £ll, piano £55, piano £4O. RANGIORA HORSE FAIR. i There was a much larger entry than usual at the 'Rangiora Horse Fair yesterday, the total being 120, of tvhich there were eight unbrokeu draughts. The sale was dull and dragging, and a much larger percentage than usual was passed. Good draughts made up to £36, medium draughts £l6 to £29, aged horses £6 to £l4, hacks £B, ponies £7 10s mares and foals £27 to £34, half-drauzht (unbroken) £l3 to £ls. * WELLINGTON WINTER SHOW. ISSUE OF DEBENTURES. During the past four years the Winter Show in Wellington has established itself as one of the most attractive and popular annual functions in the Capital City. Despite adverse conditions, such as bad weather, and the difficulty and inconvenience of utilising the Harbour Board sheds, the venture has proved to be a decided success. A handsome, modern building, wherein the whole show can be accommodated, will shortly be erected, and the Association is issuing debentures bearing interest at 8 per cent., payable half-yearly, in order to provide the necessary money. The debenture* have a currency of twenty years. It is intended to have the new building ready for the 1928 show. Prospectus and all information can be obtained from the secretary! G.P.O. Box 1323, Wellington.

FROZEN MEAT. Dalgety and Company, Limited, have received the following cablegram from their London office, dated Decamber Ist: Frozen Lamb. —Market weaker. Demand limited. Quotations: 281b to 361b: Canterbury 9gd; North Island Old; S6lb to 421b: Canterbury 9|d, North Island 9|d. Second quality: Canterbury Bjd, North Island 7Jd; 421b to 501b: Canterbury 9d, North Island BJd. For Australian the market is weaker and demand poor. We quote: Australian lamb, 281b to 361b, g.a.q., BJd; third quality 6Jd. Frozen Mutton.—Market weak. Demand poor. Quotations —481b to 561b; Canterbury 6gd, North Island 5Jd; 561b to 641b: Cantorbu . 5Jd, North Island sgd; 641b to 721b: Canterbury 6|d, North Island 5Jd. Ewes—481b to 641b: Canterbury 4gd, North Island 43d. Frozen Beef.—Quotations —Argentine ohilled hinds 5Jd, fores 4d. Pork.—Quotations: English porkers 801b to 1001b 9 Jd; New Zealand porkers, 801b to 1001b, nominally, 8d; 1001b to 1201b, nominally 7id. Very poor demand for all classes of frozen meat. We do not expect any improvement until after Christmas. TALLOW. Messrs A. 11. Tuvnbull and Co. have received the following cablegram from their principals, W. Weddel and Co.. Ltd., dated London, November 30th: "At tallow auctions to-day, 700 casks were offorcd and 100 sold. Late rates to 9d lees." BIG PROPERTY SALE. The sale of a. block of six shops and offices, »t the corner of Madras and eashel streets, to Messrs D. H. Brown and Son for about £16,000, has just been completed by Messrs W. E. Simea and Co. SOUTHLAND MARKETS. [THE PRESS Special Service.] INVERCAKGILL, December 2. Oats—There is not much business passing, as there are very few oats remaining in local stores, and merchants do not appear to be greatly interested. For any available, however, current quotations ore 3s 6d f.o.b. for A grades and 3s 3d for B's. It is reported that some business ie being done in the northern centres for shipment to England. Values to 'farmers are 2a 8d for A grade and 3d less for B's. Wheat—Except for requirements for local fowl-feed purposes, there is no business whatevor. Stocks are in short supply, and as prices seem to be rising further north, higher prices mußt be looked for. market is fairly well supplied just now, and good quality finds a ready sale. The value to farmers is £4 5s on | trucks, country stations. Ryegrass—This market continues in a dull Btate, although occasional sales have been made for shipment. It is anticipated >iat next season's crop will be a short one, as farmers are turning their attention to other means of obtaining returns, owing to the low prices during the last season or two. Another reason for anticipating the short crop is the fact that growth has been very backward, and farmers have been compelled to use pastures for their stock which they might have otherwise saved. The whole of the stocks are held by merchants. They are not now extensive, and will, therefore, probably find a ready market for autumn sowing. Potatoes—This market is now bare of supplies of local-grown potatoes, and consignments have been received from the north. New potatoes are much later this season. It ie probable that a fair number of last season's; potatoes will be wanted be- i tween now and Chrißtmsa,

CANTERBURY MARKETS

A MARK-TIME ATTITUDE. (BT OUK COMMIBCIAL MITOR.) Friday Evening. Business is practically lifeless in most sections of produce. Potatoes are gone for the season, any business being for isolated parcels for south. Any operations for local consumption are confined to the auction marts. The basis for noxt year's crop remains the same as previously quoted—£4 los f.0.b., s.i., or £3 10s on trucks. WHeat and Oats. On account of the uncertain weather forward quotations of wheat are practically absent. The little business that has'been doue this last fortnight is on a basis of os lid f.0.b., but until the weather settles and affords some indication of the prospective yield forward operations are virtually silent. Wheat crops generally are looking very well except on clay bottom laud, where an unhealthy yellow tinge is showing. On ordinary heavy land the rank growth is conducive to rust and kindred troubles which, if they developed, would have a devastating effect at this stage of growth. To arrest this possibility a good stretch of warm weather is desired. There is a little enquiry for B Gartons oats at 3s a bushel f.0.b., s.i., for April-September. A's are not enquired for. Old stocks are about cleared out. Seeds. Standard dressed cocksfoot is quoted at a ib for prompt standard dressed, but there is practically none ottering. As there is little prospect ot Danish importations this year on account of the high price and the compulsory staining of imported seed, a considerably larger quantity of local cocksfoot will be needed. To meet this position an extended area is being closed up on the Peninsula, but an increased production is entirely dependent on an improvement in the weather. A slight enquiry has developed from the Old Country for whit© clover, but the amount of export quality is very scarce. Any business transacted is on a basis of 112s per cwt for farmers' dressed. Second grade seed is fairly plentiful. Cowgrass is not enquired for. In any case there is very little about, the export Home a few months ago reducing stocks to a minimum. Partridge peas are all cleaned up, and at the moment a line for export would be almost impossible to secure. A sale took place yesterday at 7s 3d f.0.b., s.i., for March. There is a largely-increased area sown this season, and it only requires decent weather to ensure a profitable return. Onion Prospects. The onion is coming into the picture at this period of the season. The heavy weather has been somewhat perturbing, to growers, as crops are tending to develop top instead of bottom. It is estimated that a smaller area is in crop this season. The hrst onions come in about the end of January, but the wet spring may mean a few weeks' later season. Values, nominally, are £4 10s to £4 15s a ton on trucks. Quotations. The following are quotations for produce, to be paid to farmers, sack's extra, except where otherwise stated: — Wheat —Cs 6|d per bushel for Tuscan. Oats—Gartons 2s 6d to 2s 9d a bushel; Algerians to. 2s 9d. Chaff—£3 per ton. Potatoes— £s 10s to £5 15s. Red Clover—To lOd per lb. White Clover—9d to lOd per lb. Perennial Ryegrass—2s 6d to 2s lOd 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.

POULTRY AND EGGS. Poultry is coming forward a little more freely, but the supplies are not yet equal to the demand. Prices remain high for good quality birds. As Christmas is approaching, suppliers are advised to send to the market early. The following prices were realised per pair;— Table chickens, light 7s to 9s, heavy 10s 6d to 13s 6d; hens, light, 5s 6d to 7s 6d, heavy 8s 6d to 10s 6d; geese, 7s to Bsgoslings, 10s to 12s; ducks, 7s to 9s; ducklings, #s to 12s; turkeys, hen 18s to 225, gobblers 80s to 425. The egg market is well supplied, and the Canterbury Co-op. Poultry Producers, "Ltd., report no difficulty in clearing stocks at first grade Is 6d, second grade Is 4Jd. DUNEDIN MARKETS. [THE press Special Service.] DUNEDIN, December 2. Most of the stocks of milling wheat have been cleaned out of the Dunedin stores to make way for the wool now coming in for the sale this month, and odd lots only of fowl wheat are held. Farmers have also cleared up their stocks, and as millers are now carrying fairly heavy supplies, there will not be much interest displayed in the market until the new season's harvest commences to come forward from Canterbury. Some sales have already been recorded from Canterbury, with delivery in February, at 6s per bushel on trucks, sacks extra. The prospects of heavy crops in Canterbury are bright, and, if there is an average of, say, 30 bushels from that province there should be sufficient wheat for the Dominion's requirements without any importations from Australia. Moreover, if the Canterbury yield is above this average, there will be a surplus' above New Zealand requirements. It has to be remembered, however, that unseasonable weather in the Otago and Southland provinces has affected'the crops to a considerable extent, and the New Zealand average may therefore be seriously affected. A spell of fine, warm weather would be of very great benefit to the crops in all the districts. With no offerings from the country there is no quotable prices on trucks at the sidings. Fowl wheat, however, is quoted at 6s 6d to 6s 9<l, sacks extra, ex trucks, Dunedin, according to quality. The lack of interest in the oat market continues. Offerings from the country are small, and there are not many oats left in the stores. On the other hand there is no demand either from local millers or from North Island merchants. The consumptive demand in the North Island continues to dwindle, and is now of very small dimensions. A's are worth about 3s sd, fob s.i., and B's 3s 3d and odd sales have been made below these figures. Some merchants have secured lines in the south with the intention of carrying them over till next season. They consider that a fair quantity will be required before the new crop is available and that it will be later than usual. The same position applies to oats as to wheat so far as the unseasonable weather conditions are concerned. Little forward business has been done in oats. At this time of the year a large number of sales are usually recorded, but sellers are not anxjous to-day to operate, owing to the unfavourable weather conditions and the possibility of a demand from Australia. Some forward sales have taken place at 3s 3d to 3s 6d, f.0.b,, s.i., April-September delivery. The majority of prospective buyers, however, are not prepared to pay above 8s to Ss 3d, according to quality. The local demand for chaff continues very quiet. Only odd lots are arriving from the country, and these are meeting with a slow sale at up to £5 per ton, sacks extra, ex truck. The shipping market in Blenheim and Canterbury is weak, and sellers there are finding it difficult to work off their stocks They are asking £5 2s 6d per ton, fo.b., s.i„' but North Island merchants are not showing much interest in the market. The potato market has weakened during the week, and quotations are now down to about £7 per ton, sacks included. The weakening is a result of greater supplies of old potatoes and to the fact that the quantity of new tubers coming in is increasing. A week or two will see the old potatoes off the market. Apart from the retail trade there is no business passing in seeds. Fairly good stocks of all grades of seeds are held by the wholesale merchants, and the surplus will have to be carried over to next season.

BANK OF ENGLAND RETURNS, (*J CABLI—NUBS ASSOCIATION-COPTBIOHT). '.AUSTRALIA* AND K.Z CABL* ASSOCIATION.) LONDON, December 1. The following are the Bank of England rclurna for the -week ended Wednesday:— Issue Department. Note circulation .. .. ™.j?*2% Xoto in reserve .. •• ■■1,4.10,000 Total ■• •• 163,343,000 Government, debt .. .. WW™ Other securities .. ■■ Gold 'coin and bullion .. 1 t8,a!»,000 Total •• ■• 108,343,000 Banking Department. Proprietors' capital ■■ "'?".0 00 Kost . • • • • • o,Jo4,uuu Public deposits .. ■ • "."S.OOO Other deposits .. • ■ J5 ' ll "'°°° Seven-day and other bills .. J > uuu Total ■■ •• 131,395,000 Government securities .. 41,275,000 Other securities .. •• •'''•'^•°™ Notes in reserve .. .. 3 J>^r'ono Gold and silver coin . .. J.u.b.uuu Total •• •• 131,395,000 Tho proportion of reserve to liabilities is 88.8 per cent. Short loans are quoted at 31 per cent., throe months' bills at 4 5-1G per cent. FOREIGN EXCHANGE RATES. (Received December 2nd. 9,15 p.m.) LONDON, December 1. The exchango rates on London are as follows: v Par. Nov. 28. Dec. 1. Paris, fr. to £1 .. 19.224 124 02 124 Brussels. belfra»to£l 5 34.1 34.90 Oslo. kr. to £1 .. 18.159 13.33 18.35 Copenhagen, kr. to £1 18.159 18.20 18.20 Stockholm, kr.to£l 18.159 18.10 18.08 Amsterdam, fl. .. 12.107 12.07* 12.072 Berlin, Reichmarken to £1 . .. Montreal. dol.to£l 4.862 4.87 5-16 4.87 9-16 New York. dol. to £1 4.663 4.57 13-16 4.87 15-18 Yokohama, et. to yen 24.5 228 222 Rome, lire to £1 .. 25.22* 89.67 90 ( Calcutta, it. to rpe 15 to gold £ 18 18 Hona-Kone. at. to dol. * 217-16 24 9-16 Batavia .. .. ■ - 12.082 12.08? Prague, kroner to £1 * Governed by prico of silver. GOVERNMENT SECURITIES. (Received December 2nd, 9.15 p.m.) LONDON, December 1. The following are the latest quotations N for Government securities compared with the prices ruling last week:—

SHARES. (Bactived December 2nd. 9.15 p.m.) LONDON. December 1. I*. and 0. shares are auoted at £267. Petals, (Received December 2nd, 9.15 p.m.) LONDON, December 1. Copper—Standard, spot £6O 11a 101 d a ton, forward £59 16s lOJd; electrolytic, spot £65, forward £65 10s; wire bars £6B 10s. Lend —Spot £22 2s 6d a ton, forward £22 fls 3d. Spelter—Spot £26 7s 6d a ton, forward £26 8s 9d. Tin —Spot £263 111 8d a ton, forward 4265 6s Bd. Silver —Standard 26 13-16 d an oi., fine t8 15-16 d. CEREALS. (Received December 2nd, 9.15' p.m.) LONDON, December 1. Wheat cargoes aro steadier in tono, and (quotations aro occasionally advanced Sd. I'arcels are in fair roquest for near positions, and closed 3d to 6d up. A consignment by the Ulysses bronght 52s 9d a quarter. Liverpool futures quotations are: —March 10s 'lid, May 10s 3Jd. The spot trado is dull and tending easier. Flour is quiet, Australian ex store bring.lng 38s to 38s 9d a cwt. Oats are quiet, reas steady, and beans »low. WHEAT. MELBOURNE, Eecember 2. Wheat quotations arc:—Spot 3s Cd, forward 5s Gd per bushel. TALLOW, (Kuceivcd December 2nd, 9.15 p.m.) LONDON, December 1. Tallow stocks are 4130 cask* and imports during November 1200 and deliveries 2697. WOOL. (Received Docembor 2nd, 9.15 p.m.) LONDON, December 1. At the woo! sales, 9095 bales were catalogued, including 6947 Australian and 2261 >'** Zealand. There was only an average Section in all classes 'of merinos and e.ioMbreds. The keen tone of fhe competit.on continued, all sections operating free- )?. Prices were firm at full late rates. Tli« Uradford market ia quiet with a pood i>.n», but there is little new businesn. QnoUti/iM are: 6-I's 52d, 60's 4Sd, 56"s 39d, V(t 29d, IC't M, 40's 33Jd.

THE FRUIT MARKET. CHRISTCHURCH. There have been vlontiful supplies o£ vecctables throughout the week, and prices Konerallv are easier. Now that new potatoes are coming on to the market more freely and prices are reasonable, the sale o; old ones, which have been rushed on to tho market in larjre quantities, has eased. Cherries and strawberries are in plentiful supplv. and prices realised would have been much better had it not been for the great amount of wet weather in the last fortnight... Ruling prices are as follow: Apples, Ncbon, per case, up to 12a Gd; apples, local, per case, up to 14s; apples, Delicious, per case, up to 16s; apples, cooking, per case, up to 12s Gd; bananas, Cook Island, per case, 1(53 to 20s; cherries, dessert, per lb, "d to Is; cherries No. 2, per lb. 3d to 4d; coconuts, per sack, up to 22s Gd; jrooseberries, per lb. 2d to 3d; grape fruit, per case, up to 355; lemons, 'Frisco, per case, up to 58s Gd; oranges, Sydney, per case, up to 30s; oranges. 'Frisco per case, up to 54a Gd; n&irs. dessert, per case, up to 7s Gd; pears, No. 2. per case, up to 4s; strawberries, per punnet. lOd to Is Sd; tomatoes, dessert, per lb, Is Id to ls4d; tomatoes, No. 2, per lb, 8d to Is; walnuts, per lb, Is to Is Id; asparagus, per doz. bundles, up to S3; beans, French, per lb, Is 2Jd; beans, broad, per lb, up to 2d; beet, per doz. bundles, up to lsGd; cabbages, per doz, up to 4s; cauliflowers, per doz., up to 16s; carrots (spring), per doz, up to 3s; cucumbers, hothouse, per lb, Gd to 8d; green peas, per peck, Is 6d to 2s; leeks, per bundle, up to 2d; lettuce, per doz, up to 4s; new potatoes, per lb, 3d to 4d; potatoes, per sugar bag, 36; onions, local, per lb, 2d; parsnips, per doz., up to 2s; potatoes, per sack, 10s to 13s; radishes, per doz., up to Is; rhubarb, per doz, 5s to Gs; spring onions, per dor.., up to is 6d; turnips, per doz v up to Is 3d; spinach, per doz., up to 3s; eggs, first grade, up to Is 6d; eggs, second grade, Is 4id to Is 5?. d; duck eggs, Is 6d.

DUNEDIN. [THE PRESS Special Service.] DUNKDIN, December 2. Heavy consignments of Fiji bananas transhipped at Auckland arrived during the week. Those landed in good order, and met with a fair demand. A heavy consignment of Island tomatoes was landed during the week, but owing to heavy supplies of Christchurch grown they have been quito neglected on the market. Fair supplies of Sydney Valencia oranges have como forward. The market, however, is bare of lemons. The shipment of Canadian apples has been sold at the marts. The next shipment is due in Auckland on Monday, and the local portion should reach hero at the ond of next week. Fair supplies of cherries are arriving from Otago Central and Canterbury. The price of strawberries is rather erratic, the changeable weather affocting the demand. Consequent on heavy supplies of apples from Canterbury, cool stores lower prices have had to be accepted to effect sales. The Waipiata, due on. Tuesday, is bringing heavy supplies of Island fruit transhipped os the Tofua at Auckland. Moderate supplies only of pears are coming forward. Prices remain steady. ) Increased supplies of locally grown now potatoes nro coming to the marts and prices have eased. Supplies from Auckland and Hutt have been on the short side, and the market could do with mora. " The Wingatui, which arrived yesterday, brought further consignments of North Island tubers. Good quality gooseberries lnve a sound enquiry. Values of choice lettuce have hardened. There is no demand for inferior quality. Moderate supplies of asparagus are reaching the market from Canterbury. Cauliflowers are almost finished. Choice heads realiso high prices. Supplies of cabbage are plentiful, and owing to the srarnty of cauliflowers, prices are well maintained. A few young carrots are on the market, but -not sufficient for requirements. White turnips are ,in better supply, and prices have eased a little.

INVERCARGILL, (special to thb pbzss.) INVERCARGILL, Docemher 2. The past week has again proved a busy one for the fruit marts, the principal feature being the heavy consignments of strawberries and cherries. This is regarded as an unfortunate state of affairs, as prices dropped so suddenly as to alarm growors, who will in all probability avoid this market for « time. However, immediately values right themselves a continuance of further regular supplies may be expected. Christchurch tomatoes have increased in supply, and prices have eased. Lettuce, spring cabbage, and green peas are in particularly good supply, and new potatoes are expected to-day. A large shipment of bananas arrived by the Katoa, the condition being very mixed, but the good fruit realised good prices. Another small shipment is expected before Christmas. Californian grapes and lemons are available, but only small supplies of oranges are to hand. New Zealand apples are practically finished, and Canadians are still available, and are selling freely. Current prices are as follows: —Strawberries Is 3d to Is 9d, cherries 9d to Is lOd, green peas to sd, Ohristchurch tomatoes Is to Is 9d, Fiji bananas to 82s 6d (green) and 40* (ripe), Australian valencies to 32s 6d, Californian lemons to 40s, Californian grapes to 40s a keg, Canadian apples 25s to 27s 6d, spring cabbage 2s 6d to 5s 6d a doz, cucumbers 5s to 9s according to size, lettuce Is Cd to 3s 6d a doz., carrots to 14s cwt. WELLINGTON PROPERTY DEAL. (PHBSB ASSOCIATION TSLUOBAKj WELLINGTON, ■ December 2. A recent City purchase is that of the premises of Te Aro House Drapery Company, Limited, Cub* street, by the Hannah Estate. The purchase price was £65,000. The property, which has a two-storey Wooden building on it, has a frontage of 104 ft 6in to Cuba street, and 145 ft to Dixon street. DAIRY PRODUCE. v (BY CABLE—FMS9 ASSOCIATIOH— COPIJIOKT.I (AUSTBALIAH AKD X.t. AlfD TON CABLI.) '(Eeceived December 2nd, 9.15 p.m.) K LONDON, December 1. Butter is quiet and the market is easier a'l round. Danish is bringing 191s to 192« per owt, and choicest New Zealand salted 166 a to 1665. Exceptionally good lots are bringing 170*. Australian brings 166s to 168s. unsalted is in small supply at ton to twelve shillings premium.

QUOTATIONS. 1 'est erclay. Last Week Last Year. Buv crs. Scllerf". Buvere. Sellc rs. Buyers. £ 8. d. Sell* tb. £ a. d. £ e. d. £ «. d. £ s. d. 1 £ s. d. X.Z. GOVT. DEBEXTURES- ' ■1 '. per cent. Bonds, iaao 98 2 G 99 0 0 — — — — 4), per cent. Bonds, 1933 and 1039 06 12 6 _ — — 96 15 0 — •i per cent. Inscribed, 1320 9S 12 6 — — — — 99 2 6 5; per cent. Inscribed, J 927-11 33 15 (! 99 2 S 98 15 0 90 5 0 9" 0 0 — ■">i per cent. Inscribed, 101 2 f> 101 5 0 _ — - — ■V. per cent. Bonds, 1113:? 101 5 0 - 101 2 G 101 10 0 101 0 0 101 10 0 oi per cent, inscribed and Bonds, 19SG .. 1 i'l'l I I.' P I"! Vl." 1 !? YTT'' PITC ]0t 5 0 - - - - — Xorlh Canterbury Hos- — . — - - pital, 5i pei cenl., 1932 OS 0 0 99 10 0 — — — — N.Z. Breweries, Bonds I 3 It! 1 3 0 1 3 n 14 9 1 5 0 Ghixo, (J!, per ecu!., 1945 91 0 0 96 0 0 — — — — LAXKS— Adelaide 8 11 0 S 11 G S 14 0 — — Aust. of Commerce 1 12 fi 1 12 G 1 12 9 1 14 3 1 15 0 Australasia, _ 14 14 0 U 12 0 14 16 11 — 14 4 0 Comm. of Aust. 1 0 n 1 9 :>, 18 9 1 9 0 — 1 12 0 Comm of Sydney 21 R x> 24 12 B 24 5 0 21 10 0 26 0 0 — K., S., and A. __ 7 12 6 — 7 13 6 — 8 2 6 National of AustrulasiH (£10 trairl) 1G 16 0 16 19 0 _ _ 37 16 6 18 0 0 National of Australasia (£5 paid) .. 8 5 0 S 7 0 — 8 17 6 9 1 0 National of N.Z. G 17 0 (1 17 fi B 17 6 G 18 fi 7 1 8 7 2 0 N'eiv South Wales 44 15 0 44 19 0 45 7 6 45 15 0 41 2 G 44 7 6 Xew Zealand (cum div.) 3 0 o 3 0 n 2 19 6 2 19 7 — — Xew Zealand (Mortgage Shares, £1 paid, cum div.) 1 6 10 — 16 7 — — — Xew Zealand (Mortgage Shares, 10s paid cum div.) 0 16 9 — — — — — "Union of Aust. 14 8 0 J 4 14 0 14 8 0 14 12 6 15 4 0 15 5 6 Union of Aust. (new, 1st instalment paid) 5 1G C 5 19 0 5 18 0 _ — — Union of Aust. (new, fully paid) 14 0 0 — 11 0 0 — _ _ IXSURANCENationa! n 15 5 0 15 s _ . 3 12 9 3 13 6 New Zealand .. 2 0 0 2 0 3 1 19 9 2 0 3 — — South British 2 16 G ■2 17 I 2 16 6 2 17 0 2 16 9 Standard :! 1 6 — — — — 2 18 9 I.OAX AND AGENCY - Dalgcty and Co. 12 18 6 13 1 0 12 19 0 13 1 0 _ Gcldabrouirh, Mort (cum div.) 2 r, 9 2 7 \ — 2 9 9 2 10 3 Goldsbrough, Mort (new — 2 G fi 2 5 10 2 G 3 — — National Mortgage. — 3 12 G — 3 12 3 — 3 10 0 X.Z. Loan and Mercantile (ord. stock, 1 cum div.) •M 30 0 — 94 0 0 — 96 5 0 97 10 0 SHIPPINGHoward, Smith l' 8 0 1 9 0 1 11 6 1 12 i P. and 0. Dofetred Stock (cum div.) .. 257 0 0 270 0 0 — — 247 0 0 252 0 0 Union (pref.) 1 .0 2 — 1 0 2 — 10 3 — FROZEN MEATCanterbury (cum div.) S 11 0 _ _ _ _ Canterbury (pref, cum div.) 4 18 6 5 2 fi — — _ — N.Z. Kef rig. (£1 paid) 0 17 10 0 18 3 0 16 9 0 17 0 — 0 15 0 TC.Z. Kefrig. (contr.) .. 0 S 7 0 8 8 0 8 2 0 8 3 0 6 6 O 6 9 WOOLLENSKaiaipoi (17s paid) Kaiapoi (pref.) 0 8 6 0 8 10 0 8 6 0 9 0 _ 0 11 0 0 12 3 0 14 3 0 13 3 0 14 0 — 0 15 9 C'OALWestport 1 11 3 1 13 10 — — _ 1 16 0 GASAuckland 1 2 0 12 7 1 S 0 Christchurch .. 1 4 7 1 4 9 14 3 1 4 4 14 6 1 4 9 Christchurch (new, 5s paid) 0 6 C 0 6 7 0 6 6 0 6 8 t — Timaru — 1 3 n *1 2 6 1 2 11 Wellington (ord.) — 1 7 G 1 7 0 1 6 0 — — BREWERIESCarlton 2 2 0 2 7 3 New Zealand .. 2 3 0 2 4 0 2 0 3 2 2 6 2 12 3 2 13 0 Staples 1 17 6 1 IS 0 1 16 3 1 16 0 1 17 3 1 18 0 Timaru — 0 16 3 Ward — 1 17 0 ■ — _ _ _ MISCELLANEOUSBeath and Co. 1 12 7 — 1 12 3 1 12 6 British Tobaccn 2 18 3 2 13 G _. 2 9 9 2 10 6 BurnB, Philp — 1 17 6 1 15 9 1 17 6 1 19 0 Electro. Zinc (ord.) .. 1 10 0 1 10 9 1 10 7 1 11 0 1 16 2 1 16 7 Electro. Zinc (pref.) .. 1 1! 9 1 12 n 1 11 6 1 12 6 1 16 11 1 17 1 Holden's Motors — 1 12 0 ] 10 0 1 11 9 N.Z. Drug Co. 1 6 3 __ 3 4 9 3 10 9 3 12 0 N.Z. Farmers' Co-op. (1st prof.) — 4 8 0 , _ N.Z. Guarantee Corpn. 0 8 10 0 9 0 0 8 10 o io a 0 10 4 Wliitcombe and Tombs 3 7 G — 3 : r, 3 9 0 3 11 0 Quill, Morris 1 1 4 1 2 0 i : 3 1 2 S Sanford, Ltd. — 1 0 0 — MININGKawarau 0 0 6 0 0 10 0 3 2 0 3 6 Mt. Lyell (cum div.) .. 1 8 0 1 8 7 18 2 1 8 6 1 8 10 1 9 2 Wnihi 1 1 7 1 2 0 113 1 2 6 _ _

Last Week. This Week. £ s d £ a d Imperial Consoli, 21 p.c. 54 18 9 54 15 0 War Loan, 5 p.c, 1929-47 100 7 6 100 7 6 War Loan. 81 p.c, 1925-28 100 17 6 101 2 6 Conversion loan, 3} p.c. 75 0 0 74 17 6 Commonwealth, 6 p.c, 1931-41-108 s 6 103 2 6 Commonwealth 5 p.c, 1946-75 ,. 99 5 0 97 0 0 New Zealand, 6 p.c, 1936-51 .. 108 7 6 108 8 9 Hew Zealand, 4 p.c. 1929 98 0 0 92 2 6 Hew Zealand, 3) p.c, 1940 87 15 O 87 17 6 Hew Zealand, 3 p.c, 1945 78 8 .9 78 6 3 Hew South Walee, 6 . p.c, 1930.40 .. 100 1 6 100 ia 6 New South Walei, 6J p.c, 1922-28 .. 104 0 °. 103 15 0 Hew South Wales, 5 p.c. 101 0 0 101 5 0 How Sonth Walee, 4 p.c, 1933 .. 94 5 0 94 5 0 Hew South Wales, 3} p.c, 1930-40 .. 76 0 0 76 2 6 Hew South Wales, 3 p.c, 1935 .. 85 8 6 85 2 6 Victoria, 51 p.c, 1930-40 95 12 6 95 15 0 .Victoria, 6) p.c, 1921-26 101 1 3 101 5 0 Victoria, 3 p.c, 1920-49 72 15 0 73 0 b .Victoria, 5 p.c, 1932-42 99 5 0. 99 0 0 Victoria, 3 p.c, 1920-40 77 2 6 77 5 0 Queensland, 6 p.c, 1930-40 102 17 6 103 0 0 Queensland, 81 p.c, 1930 95 18 9 95 17 0 Queensland, 8 p.c, 1922-47 .. 72 2 6 72 7 6 South Australia, 61 p.c, 1930-40 104 2 6 104 0 0 South Australia, 31 p.c, 1939 .. 86 0 O 85 0 0 South Australia, 3 ; p.c, 1916 or after 62 0 0 61 2 6 West Australia, 6 p.c.,1930-40 103 5 O 103 0 0 .West Australia, 81 P.O., 1920-85 .. 88 2 6 88 5 0 West Australia, 8 ' p.c, 1915-35 .. 85 0 O 85 0 0 Tasmania, 61 p.c, 1980-40 104 13 6 104 15 0 Tasmania, 81 p.c, 1920-40 84 18 9 83 17 6 Tasmania, 3 p.c. 1920-40 ... 80 0 0 79 0 0