FINANCE AND COMMERCE.

Press, Volume LXIII, Issue 19179, 9 December 1927, Page 10

FINANCE AND COMMERCE.

WHEAT AND FLOUR.

THE PROPOSED INSTITUTE.

Parliament having passed the legislation whereunder what is popularly referred to as tho Wheat Institute is to be established; it is anticipated that tho procedure to be followed to give effect to tho legislation will be put in operation shortly. The first step provided by the legislation is that a meeting of representatives of the three interests concerncd—the wheat-growers, the millers, and tho bakers—is to bo held to demonstrate that practically there is unanimity in desiring the establishment ct the Institute. Dr. E. Marsden,. secretary of tho Department of Scientinc and Industrial Research, is to call this meeting. It is likely that it will be held l>efore tho end of the present year. Whether it will be held in Wellington or Cliristchurch is not known yet: the probabilities are that it will be hold in Cliristchurch.

POTATO CERTIFICATION.

AGRICULTURE DEPARTMENT'S

SCHEME.

Tho response of Canterbury potato growers in connexion with tho scheme of the Department of Agriculture for the certification of seed potatoes has been very satisfactory, and has exceeded anticipations. Preliminary steps were taken about a year ago and as an outcome 81 growers have sent in varieties for certification. In some instances more than one variety has been sent in by the individual'grower, the total lines for inspection being 138. A sample of each line 'is grown : on the Department's farm at Ashburton for comparison purposes, and there will be two field inspections, and one tuber inspection. The first field inspection is to be made shortly. The lines which pass the required standard will be certified as provided under the scheme. The complete results will not be available till mid-winter.

RAILING OF STOCK.

COMPLAINTS ABOUT SHUNTING.

Some of the men who deal with stock for the Addington saleyards consider that great improvements can he effected in tho new system of shunting recently instituted. Qne'of the" stockmen 1 said that one truck which was consigned from Lyttelton at 12.30 p.m. on Tuesday did not arrive at Addington until 8.50 p.m. Cattle which had travelled many'miles on the road before being trucked at Koss on Tuesday morning were hot landed at tho Addington yards until 5.35 a.m. on Wednesday, instead of at about midnight. The trouble was that the cattle, besides losing condition ran much moro rißk of being knocked about through the lengthened journey find the shunting operations. The informant added that apparently tho Department had overlooked one consignment of stock from Dunsandel, which did not arrive at the yards until 7 a.m. SAMOAN FRUIT.

The question of the handling of Satioan fruit in Christchurch as soon as tegular trade lias been opened up by the steamer will be discussed' to-day between Colonel J. Hutchen', secretary !to the Samoan Ad-ministration,-who will be accompanied by |IJr f S f J. Smith, chief clerk, Department j>f External Affairs.

EMPIRE TRADE;

MORE PROPAGANDA URGED.

(BT CABLE—PRESS ASSOCIATION—COPYBIGHT.) (AUSTRALIAN AND X.Z. AND'SUN fcABLE.)

iLONDON, December; 7.

Sir Archibald Weigall, in a speech. at ; tl)o Empire Industries Association lunch,' pointed out that 230 Commoners belonged to the Association, and that they ought to be able to prevent the overlooking of Empire affairs in every-day Parliamentary business. Sir Hamar Greenwood said that Imperial preference and the safeguarding of industries had done much to promote Empire' tr'ade, but the Governments ought to have done more. The Association should use its influence, because Governments invariably 'yielded to pressure. He added that every scientino development assisted *in the Empire's unity, i •

BRITISH STEEL TRADE.

QUESTIONS IN COMMONS.

(BT CABLB—PRESS ASSOCIATION—COPIBiaHT) (AUSTRALIAN AND N.Z. AND SUN CABLE.)

LONDON, December 7.

In the Houso of Commons, Mr Baldwin said that he had no further statement to offer on the subject of safeguarding tho iron and steol trade. Sir William Davison: Britain last Tear imported four million tons of foreign steel, while hundreds of thousands of steel Workers were, unemployed. Mr A. Hopkinson: Does not Mr Baldwin realise whether safeguarding is or is not tho solution? It will certainly result in the dissolution of the Conservative Government., There was no reply. LONDON WOOL SALES. (BT OBLX—MISS ABSOCUTIOH—COPIMOHT.) (AUSTRALIAN AND NZ • CABLX ASSOCIATION.) LONDON, December 7. At the wool sales 10,183 bales were offered, of which 6092 were Australian and 4017 New Zealand. A miscellaneous selection of merinos was offered, including many socond-hand. There was an averago offering of greasy crossbreds, mostly speculators' lots, and Binall offerings of slipes and sconreds. Good competition resulted, and late rates were maintained. The "Challenge" clip (N.Z.) sold at from 22Jd to 19d a pound. NATIONAL BANK OF N.Z. (PRESS ASSOCIATION TZLSQBAH.) WELLINGTON, December 8. The National Bank- of New Zealand has received a cable from London advising that the directors have declared an interim dividend at the rate of 12 per cent, per annum for the half year ended September 30th. This is the same'as xor the corresponding period of last year. . ■-■■»*••

BOUGHT FOREIGN

VEHICLES.

TWO BOARDS ASKED TO EXPLAIN.

(press association telegram.)

WELLINGTON, December 8,

The action of the Wellington Hospital Board and the Wellington rire Board in purchasing an ambulance chassis and hose carriage respectively, that were of foreign manufacture, in preference to the British article, came in for criticism by Mr D. F. Bauchop, at the annual meeting of the New Zealand Association of British Manufacturers and Agents last evening. "The Hospital Board called for tenders for an ambulance chassis," said Mr JBauchop, "but the terms of the tender were a bar against the British article. A specification of a six-cylinder engine, and detachable rims barred the British manufacturer." Mr Bauchop went on to say that the Fire Board had called for tenders for two hose carriages. Those of British make were submitted, and it was agreed that they filled the bill. Both makes selected, however, were American, and both were tried out before their purchase, although those of English make were not treated similarly.

"It seems unfortunate that an English article did not have a .fair run," said Mr L. A. Edwards, "and it looks very much as if the vehicles were selected before the tenders were called, for I know of no British vehicle that has detachable rims."

A member: Was the British article so much dearer that it could not be considered?

"I should say," replied Mr Bauchop, "that there is no doubt that the American price was considerably higher." The Association decided to write to both Boards, and ask them why the British article was not suitable, and where the deficiency lay in its manufacture. It was also agreed ,to ask the Fire Board why the British hose carriers were not given a try-out, as those of foreign manufacture were»

WORLD'S TIN.

SHORTAGE PREDICTED.

(BRITISH OFFICIAL WIHBLESS.)

EUGBY, December 6.

Speaking at a meeting of the London Tin Syndicate, to-day, Lord .Askwith, chairman, declared that, it was idle to dispute the menace of a tin shortage. He said the threatened shortage would probably have materialised this year, but for a temporary lull in the •American motor-car caused by the reorganisation of Mr Henry Ford's works. Lord Askwith added that at the present time there were actually only 3005 tons in warehouses in this country and the United States, which was not even a fortnight's requirements. With larger requirements looming immediately ahead there was an urgent need of increased production.

RESTRICTION SCHEME , PROPOSED.

(austbalian and k.z. and sun cable.) (Received December Bth, 8.20 p.m.)

LONDON, December 7. Commenting on Lord Askwith 's speech, Mr.E. J.'Byrne, initiator of the tin restriction scheme, says: "In three years the world's tin mines will be exhausted and the end of supplies in sight. The price will reach such a figure as to preclude consumption. The only way to prevent tin becoming dearer than gold is to control the price, instead of the owners selling to refiners at prices automatically governed by those of refined tin, which should not have anything to do with it. Therefore, I propose that the mines control supplies, and thus stabilise prices.

KAURI TIMBER CO.

ANNUAL BALANCE-SHEET.

(bt cable—press association— coptrioht.) (australian and n.z cable association.)

(Received December Sth, 9.35 p.m.)

MELBOURNE, December 8,

The report and balance-sheet presented at the annual meeting of the Kauri Timber Company, for the year ended August' 31st, shows profits, after pro-, viding for depreciation, the paying of income tax, and other charges of £36,172, plus the amount brought forward, making the total £48,220, less interest and dividend of three per cent, paid in June last, absorbing £22,500, leaving £15,750. Out of this sum it is proposed to pay a further dividend of three per. cent., making six per cent. for the year, and absorbing £22,500. A balance of £3220 is carried forward. The directors' report states that unfavourable trading conditions have continued throughout the year. The conservative policy followed during the preceding prosperous years, however, justified them in recommending a dividend at the reduced rate of six per cent, a year.-STEEL-MAKING BY WIRELESS. A GREAT ADVANCE. (BY CABLE—PRESS ASSOCIATION—COPYRIGHT.) . (AUSTRALIAN AND N.Z CABLE ASSOCIATION.) LONDON, December 7. A demonstration of steel-making by wireless was carried out by the Imperial Steel Works, Sheffield, which is tho first installation in the world to be used commercially in the making of high quality tool steel. The process is a great advance on melting in crucibles by means of externally heated coke and gas fires. The new method melts steel contained in a box holding 450 pounds, by means of a high-frequency alternating current, similar to that used in wireless, the apparatus circling the crucible and inducing an eddy of currents in the steel. No external heat is, required and the melting takes only ono hour. 'AUCKLAND LOAN. (AUSTRALIAN AND N.Z. CABLE ASSOCIATION.) LONDON, December 7.

The city of Auckland is issuing tomorrow a loan of £450,000 at 5i per j cent., par, repayable in 1960.

WORLD MEAT CONGRESS.

AN ARGENTINE PROPOSAL.

(BI CABLE—PRBS3 association—copxright.) (AUBTBALIAN AND S.Z. CABLS ASSOCIATION.)

(Received December Bth, 8.20 p.m.)

WASHINGTON. December 7. Sir Hugh Denison has requested a copy of the Argentine Ambassador's report proposing a world meat congress for the advocacy of a greater consumption of meat throughout the world. Sir Hugh Denison believes that the suggestions will have the full sympathy of Australia and lead to co-operation in the conference. The Argentine Ambassador is already scheduling conferences with private interests here in the hope of interesting them in the proposition.

KRUPPS SHOW PROFIT

(Bt CABLE—PBESS ISSOCIATIOS COPYRIGHT.) UMTBALIA.V ASD N.2 A.VD BCS CABLE.)

(Received December Bth, 5.20 p.m.)

BERLIN, December 7. Krupps report a net prolit of £650,000, compared with a previous loss of £IOO,OOO. No dividend was declared and £150,000 was allocated to extensions. ARTIFICIAL LEATHER.

(BT CABL«—PBISS ASSOCIATION—COMBIGHT.) (AUSTP.ALIAN AND N.Z. CABLB ASSOCIATIOX.)

(Received December Bth, 8.20 p.m.)

LONDON, December 7. A Sydney business man, Mr G. M. Chambers, who has arrived from America, soys Duponts are combining with an English firm, Rexines, to establish the artificial leather industry in Victoria. HAWARDEN SALEYARDS COMPANY.

ANNUAL MEETING. The twenty-eighth annual general meeting of the Hawarden Saleyards Company was held in the company's hall yesterday afternoon. The attendance of shareholders was small. In the unavoidable absence of the chairman of directors (Mr B. G. Dalgety), llr A. Cowie presided. The directors in their report stated that the net profits for the past year were £l4l 17s lOd, compared with £93 19s 3d for the previous year. This tho directors considered to be very satisfactory, 'i view of the decrease in numbers of all stock offered in the yards. The total stock offered for sale during the year was as follows, with the previous year's totals for comparison:— Sheep, 40,572 (43,559); cattle, 85 (103); horses, 17 (39); pigs, 81 (82). In addition there were numerous offerings of implements, produce, furniture, and sundries. The net profit for the year, together with the amount of £ll9 19s lOd brought forward from the previous year, made £261 17s 8d available for division. The directors proposed to pay a- dividend of 7i. per cent, per annum on paid-up capital, which would amount to £52 Bs, and to carry forward the balance of £209 9s 2<L

The balance-sheet showed the liabilities fully covered by assets to be £1773 17s Bd. In the profit and loss account the income was stated to be: Yard fees £207 17s 9d, hall Tent £177 16s fid, and paddocking, grazing, and drafting fees £l4 4s, a total of £399 18s 6d. The expenditure was £258 10s Bd, leaving a -profit of £l4l 17s lOd. The account Bbowed a credit balance of £866 14s 2d carried forward.

The report and balance-sheet were adopted, and the proposal to pay a dividend of' 71 per cent, was confirmed. Messrs H. T. Little and William White, the retiring directors, were re-elected, and Mr A. A. McKellar was re-elected auditor. In reference to the docline in entry of livestock, a deputation of representatives _of auctioneering firms waited on the meeting and urged both directors and shareholders to give the yards more support in the way of stock entries, and to use their best endeavours to influence others to do likewise. After a brief discussion the chairman assured the deputation that an effort would be made to improve matters in the coming season. „,,■.-, A special fat lamb sale was fixed for December 19th, and other sales for January sth and 19th.

KAURI TIMBER COMPANY.

The profits of tho Kauri Timber >Company for the year ended August 31st last amounted to £36,172, which compares with £55,936 in 1926. With the amount brought forward there was available £48,220, as against £72,048. Tho dividend for the year is reduced to 6 per cent, (it was 8 per cent, last year), and absorbs £45,000, leaving a, balance of £3220 to be carried forward. The directors state they regret that the unfavourable trading conditions referred to in their previous report had continued, throughout the year under review. The conservative policy pursued during prosperous years, however, justified them in recommending a dividend at the reduced rate of 6 per cent, per annum. The capital of the company remains, at £750,000, contingent reserves, etc., total £129,068 against £157,680 in the, previous year, sundry creditors acount for £20,504 against £37,024, and the bank overdraft is £4554 against £18,971. The assets include freehold properties £138,437 against £146,048, leasehold properties £76,680 against £93,930, plant and machinery £180,032 against £180,706, stock-in-trade £304,667 againßt £335,552, sundry debtors and bills receivable, £114,867 against £124,178, war loans, debentures, etc., £82,517, against 85,845 shares in other companies £144,971. against £143,471, and cash £3122 against £5745; HAWARDEN MARKET.

The regular market at Hawarden yesterday was all but neglected, the total entry being 224. sheep, three head of cattle, and a horse. The sales were: 188 ewes and lambs at 18s Id (all counted), 31 ewes at Bs, and 5 rams at Bs, and two heifers and a steer at £3 15s each. The first fat lamb sale of the season has been fixed for Monday, December 19th. ASHBURTON MARKETS.

Although the grain and produce market is practically at a standstill, there is a little business being done in wheat and oats. Business in old potatoes has almost ceased, as plentiful supplies of new tubers are now on the North Island market. Prices of wheat are very firm, although milling concerns seem to hare enough on hand. The few odd lines offering aro absorbed for fowl feed. There is no change in the other sections of the market. The following prices are quoted on trucks, country stations, sacks extra:— Milling Wheat —Tuscan 6s 5d per bushel. Good whole fowl wheat 6s 4d. Oats—A grade Gartons 2s 7d, B s 2s sd, Algerians 2s 6d to 2s 9d for the best seed, 2s 5d for heavy feed; Duns, good, dark, heavy seed 2s 9d, feed 2s 4d. Chaff —£3 5s per ton for good, bright oatsheaf. . _ * , . ... Grass Se«d —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, 6?jd per lb. CLEARING SALE. The Kcw Zealand Farmers' Co-op. Association, Ltd., held a clearing sale at Mothven on account of Mr C. T. Jessep, "Fairlands." There was a large attendance, and a good clearance was effected. The principal sales were: 224 two, four, six, and eight-tooth ewes with lambs at 18s 6d, 167 two-tooth ewes at 28s, 32 two-tooth ewes at 22b, 29 four and six-tooth ewes at 28s 6d, 31 two-tooth wethers at 15s 3d, 20 merino wethers at 15s 6d, 88 ewes and lambs at 16s Id, 3 Eomney rams at 15s 9d, 6 E.L. rams at 6s, 2 cows at £7 ss, 1 at £9 10s; bay geldings at £lO, £2O, £2O 10s, £3O, and £25; 1 bay mare £2G, 1 bay hack £1 us. DAIRY PRODUCE. The New Zealand lioan and Mercantile Agency Co., Ltd., have received the following cablegram from London, under date 7th inst. :

Dairy Produce —Xew Zealand butter 170s; market dull. Cheese 9-ls to 935; market dull.

j CHRISTCHURCH STOCK EXCHANGE.

Then was a fair turnover or" stocks yesterday, tho majority of sales being in the gilt-edged section. In the stock and bond section, buyers continue to dominato the market in all Government issues, and their bids do not appear to attract holders. Four and a half per cent. t*x free 1938 stock and bonds were wanted at £SK. 15s, sellors offering at £97. Giaboruc Sheopfarmevs 7J per cent. 1931 debentures ha.l an enquiry ac £35, but aellers wanted £9l. „ ... In the banking section, Commercial of Australia, ordinary wore slightly firmer, with buyers 29s Id, sellers 29s 2d, an odd parcel changing hands at 23s 2d. Commercial Banking Company of Sydney were firmer, and buyers increased their bids 12s Cd on late prices to £25, but sellers did not offer. National Bank of Australasia were fractionally firmer for the £lO paid, buyers bidding £l6 18s, sellers £IG 93 6(1; for the £5 paid shares, 20 changed hands at £8 7s 6d, market closing buyers £8 7s Gd, sellers £3 7s 9d. National Bank of New Zealand: 56 were bought at £6 17s, an advance of 6d on Wednesday's sales; this did not exhaust the market, sellers offering more at that price, buyers bidding £G "l6s Cd. Bank of New .South Wales were active, and 10 at £45 2s Gd, 30 at £45 ss, 10 at £'ls 7s 6d were turned over. .The market has firmed considerably, and sales are being effected at a price (ex a dividend of £1) that took place a week ago, cum dividend. Union Bank were easier. Sales tcok place at £l4 9s Gd and £l4 10s, sellers offering more at £l4 9s Gd, buyers bidding £l4 9s. In tho miscellaneous investment section, National Insurance rose u, point, 100 being sold at 15s 9d, with further sellers at that price, buyers offering Id less. Dalgety and Co. had sale at £l3 Is Gd, with further buyers at tho same price, sellers wanting £l3 2s. New Zealand and Iliver Plate and Mortgage Company entered the buying list at 27s without attracting sellers. Canterbury Frozen Meat, preference: Buyers offered 975, sellers asking 102s Gd. N.Z. Refrigerating Company had a sale of 100 contributing at 8s 7d, on a par with late sales. A reported sale of 100 Auckland Gas at 23a 5d shows improvement on last reported business at 23s 3d. In the brewery section, investors are evidently turning their attention to the Austrab'an market, Carlton (Melbourne) being wanted at 455, and for Tooth and Company (Sydney) buyers offered 435, sellers wanting 445. Wilson' 3 Cement continue to improve, buyers offering 37s 9d, which is Is higher than the last offer. Sellers are reticent and require 39b 6d. Burns, Philp and Co. were quoted buyers 37s lOd, sellers 33s sd, and Electrolytic Zino jireference y-ere wanted at 325, sellers Sd higher. Ift. Lyell buyers offered 293 on afternoon call, showing an improvement from the 10 a.m. crll, when there were sellors at 2Ss Bd. Waihi Goldminiug Company were quoted buyers 22s 3d, sellers 22s 9d.

YESTERDAY'S TRANSACTIONS.

Sales on 'Change—National Bank of Australasia (£5 paid), £3 7s 6d; B'anJc of New South Wales, £45 ss; Union Bank, £l4 9s 6d (three parcels); National Insurance, 15s 3d; N.Z. Bafrig. (contr.), 8s 7d. Sales reported—Comm. Bank of Aust., Q9s 2d; National Bank of New Zealand, £6 17s; Bank of New South Wales, £45 5s (two parcels), £-15 7s 6d, £45 2s 6d; Union Bank, £l4 10s; Mgety and Co., £l3 Is Gd; Auckland Gas, 23s Gd. LATEST QUOTATIONS. Buyers. Sellers. £ s. d. £ b. d. N.Z. aOVT. DJBBENTURES--4J per cent. Inscribed, 1933 .. .. 96 15 0 97 0 0 4i per cent. Inscribed, 1939 .. .. 93 13 6 97 0 0 44 per cent. Bonds, 1938 .. .. 96 15 0 4i per cent. Bonds, 1939 .. .. 96 13 6 5J per cent. Inscribed, 1927-41 .. .. 98 10 0 5i per cent. Inscribed, 1933 .. .. 101 2 6 101 7 6 EJ per cent. Bonds. 1933 .. .. 101 5 0 ££ per cent. Inscribed and Bonds, 1936 .. 101 5 0 COMPANY DEBENTURESN.Z. Breweries, Inscr. 13 0 13 7 N.Z. Breweries, Bonds 13 2 13 9 Gisborne Sheepfarmers, 7§ per cent., 1931 .. 85 0 0 91 0 0 BANKSAdelaide .. .. 812 0 Sls 0 Aust. of Commerce .. •1 12 6 112 9 Australasia, ... .. Comm. of Aust. .. 19 1 19 2 Comm. of Aust. (pref.) 619 0 ■ Comm. of Sydney .. 25 0 0 25 5 0 E., S., and A. .. National of Australasia (£lO paid) '.. 16 18 0 1G 19 G National of Australasia,

(£5 paid) 8 7. 6 8 7 9 National of N.Z. .. (j 16 6 617 0 New South Wales .. 45 2G 45 7 6 New Zealand .'. .. 219 2 219 6 New Zealand (Mortgage aha res, ]os paid) .. 016 5 Union of Aust. .. U 9 0 14 9 6 Union of Aust. (new, Ist instalment paid) 517 6 519 G INSURANCENational .. .. 013 S 015 9 New Zealand .. .. 119 9 2 0 3 South British .. 217 0 Standard .. ..320330 LOAN AND AGENCYDalgety and Co. .. 13 1 6 13 2 0 N.Z. and River Plate 17 0 SKIPPINGHoward, Smith .. 19 0 1 9 G Huddart-Parker (pi*i.) 10 7

Union (pref.) ..100 FROZEN* MEAT— Canterbury (cum div.) .. S6 0 Canterbury (pref. cum div.) .. .. 417 0 » 2 6 N.Z. • Refrig. (£1 paid) 017 7 OIS 0 N.Z. Refrig. (contr.) ..08b 087 WOOLLENS- .■„ » .i, Kaiapoi (17a paid) .. 08 G 08 11 en a l - US 0 113 4 Stockton (pref.) •• GAS- ' .. o Auckland .. •• 1 '* •» . . A Christchurch .. .. 1 4 7 1 ■> 0 Christchurch (new, 5s paid) .. - 0 6 6 0 6 7 Tim&ru .. . ••• 1 °. " J BREWERIES— Carlton *.. •• 25 0 27 jj New Zealand .. .. 2 4 0 2 o 0 Staples .. .. 117 9 118 0 Tooths .. ..230240 CEMENTS— Wilson's .. .. 117 0 119 G MTop-'JANEOUS— Boath and Co. '.. 112 5 1 13,0 British Tobacco .. 212 8 213 0 Burns, Philn .. 117 10 118 5 Colonial Sugar .. 54 5 0 53 0.0 Electro Zinc (pref.) .. 112 0 112 3 Henry Jones Co-op. .. . 115 10 116 6 Holden's Motors .. 111 0 111 5 Mason, Struthcrs (14s paid) .. .. - 0 14 2 Mason, Strutbers (10s ' paid) .. ' •• 0 10 0 N.Z. Drug Co. .. 3 6 9 310 0 N.Z.- Farmers' Co-op. (lßt pref.) .. .. 217 G N.Z. Fanners' Co-op. (pre", re div. only) 15 0 115 0 N.Z.. Guarantee Corpn. 0 810 0 9 0 Taranaki Oilfields .. 0 11 0 Victoria Nyanza Sugar 212 G Wliitcombo and Tombs 3 7 G N.Z. Malay Rubber .. 115 0 22 G Quill, Morris .. 114 12 0 MININGMt. Lyell (cum div.) .. 19 0 Waihi .. ..1231 2 9

OTHER EXCHANGES. (PP.I3S ASSOCIATION TXLEG&UfS.) AUCKLAND, December 8. Sale*—Wilson's Cement, 37a 6d; Lucky Shot (2s paid), la 4d; Mount Lyell, 28s 9d. WELLINGTON, December 8. Sales reported—lJ per cent. Stock, 1938, £97; Bank of New Zealand (two parcels), 59s 2d; Wellington Gas (ord.), 27s 7d. DUNEDIN*. December 8. Sale —L'nion Bank, £l4 10s.

AUSTRALIAN MARKETS. (BY CABLE—PRESS ASSOCIATION —COPTBIGHT.) (AUSTRALIAN AX3> N.Z CABLB ASSOCIATION.) (Received December Bth, 9.35 p.m.) SYDNEY, December S. Wheat —the quotation at country stations is os a bushel; ex truck, Sydney, 5s 7id. Flour—Local £l3 5s a ton, export £l2 7s 6d. ' Bran —£6 a ton. Pollard—£7 a ton. Maize —Is 9d a bushel. Oats—Tasmanian Algerian 5s 3d a bushel, white 4s 9d. Potatoes—£l2 to £l3 a ton. Onions —£4 to £5 a ton. ADELAIDE, December 8. Wheat—Growers' lots ife 2Jd to 5s 3d a bushel. Flour —Bakers' lots /t* 13s 6d a ton. Bran—£6 5s a tan. Pollard—£6 17s 6d u ton. Oats—3s 7d tu ;Jj Sd a bushel.