COMMERCE AND FINANCE

Otago Daily Times, Issue 22985, 14 September 1936, Page 14

COMMERCE AND FINANCE

LOCAL AND OVERSEAS MARKETS

FOREIGN EXCHANGES ON NEW ZEALAND CURRENCY BASIS Tti« Bins or New South W a lea, Dunedin, quoted the fnllnwlnc rales' for purchases and sales of foreign exchange on Saturday:—

All rales suWecr to alteration wlilimii tmtice' HOLIER RATES The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates on Saturday on a New Zealand currency basis. They are subject to alteration without

PRICE OF GOLD LONDON, Sept. 11. Gold is quoted at £6 17s 6id per ounce LONDON WOOL SALES Messrs Murray, Roberts and Co., Ltd., are in receipt of the following cablegram from their London agents, dated September 9; — The following vessels have arrived in time for the consignments of wool by them to be offered in the next senes: Wairangi, Waiwera, Mataroa. PROSPECTS OF TAVUA Dr Loftus Hills, in a report on the property of Tavua Gold Developments, Ltd., of Tavua, Fiji, states that the work on Morton’s area 209 has been disappointing, and no further expenditure on this area is warranted at present. The results at Wai Kata Kata, although showing values of 4.sdwt in places, indicate a lack of longitudinal and depth continuity. These areas must be now classed as unattractive. The results of the work during the past six months on the Homeward Bound area, he states, are encouraging. Dia-mond-drilling and shaft-sinking have exposed a lode system carrying gold values averaging lOdwt a ton. The phase of work now reached is the systematic opening up of the lode system of shafts, drives and crosscuts at the 100-foot level. The policy, the report continues, should be to concentrate on the Homeward Bound. Accordingly the working programme for the next few months will combine ore development with exposure of lode structures for study preparatory to testing at greater depth.

THE SHARE MARKET DUNEDIN STOCK EXCHANGE Two sales of Goldsbrough, Morts were reported on the' Dunedin Stock Exchange on Saturday morning, at the improved price of £1 14s, which constitutes a rise of about 2s within 10 days. There were further buyers forward at £1 13s lid, with sellers asking £1 14s 3d. The first sale of Mortgage Corporation 33 per cent. Stock was reported on Saturday at £9B, at which figure there was a further seller on ’Change, but no buyers. British Tobacco continued firm with buyers at £2 2s and sellers at £2 2s 9d. Ordinary Electrolytic Zincs continued to improve and two sales were reported at £2 Is 6d. A further seller was forward at this figure, but buyers had receded to £2 Is. Okaritos maintained their new high levels with a reported sale at ss, but a parcel offered at this figure on 'Change failed to attract buyers, who were present at 4s 7d.

The following are Saturday morning’s buying and selling quotations, which are subject to the usual broker-

NORTHERN EXCHANGES AUCKLAND Sales on 'Change £ s. d.

WELLINGTON Sales on ’Change

CHRISTCHURCH

Sales Reported

COTTCfN, RUBBER, ETC. (United Press Association) (By Electric Telegraph—Copyright) LONDON, Sept. 12. (Received Sept. 13, at 6.30 p.m.) Friday’s closing prices are as fol--1oCotton:0 Cotton: Spot, 6.99 d per lb; October delivery, 6.61 d. Rubber: Para, £lO 10s per ton; plantation, smoked, £7 13s 9d. Jute: September-October delivery, £l7 3s Ud per ton. Copra: .September-October shipment, South Sea, £l3 17s 6d per ton; smoked, £l3 ss; plantation, Rabaul. £ls. Linseed oil, £2B 5s per ton. Turpentine, 39s 3d per cwt. SYDNEY STOCK EXCHANGE (United Press Association) (By Electric Telegraph—Copyright) SYDNEY, Sept. 11. £ s. d.

NEW GUINEA GOLD SHARES (United Press Association) (By Electric Telegraph—Copyright) LONDON, Sept. 11. New Guinea Gold shares arc quoted at 3s 9Jd. MERCHANDISE MARKET The next sugar boats to come to Dunedin are the Port Whangarei, due on September 16, and the Wingatui, due on September 17. A new line to make an appearance on the market is Proteena malted wheat biscuits, packed in Ashburton. The Limerick, which is delayed through docking at Wellington, will land supplies of Californian prunes, seedless raisins, salmon, Canadian pilchards and Canadian peas, turpentine and resin. _ . , The Narbada, due on September 18 from the East, via northern ports, will land Singapore pineapples, Burma rice, sago, tapioca, nutmegs, haricot beans, Indian tea, wool packs and corn sacks. Advice received from Australian packers of macaroni and vermicelli state that the market is very Arm with prices rising. , , , Supplies of Savoy salmon and shrimp and meat pastes are again on the mark<The Waikouaiti, which arrived last week, brought a shipment of Australian rice, Queensland pineapples in Asia tins, transhipments of tea from Colombo, and Australian dried fruits. The prices of ground ginger, whole ginger and mixed spice in loz packets have been increased. . , The Hertford will land a considerable quantity of merchandise lines, and so will the Tacoma Star, which is due from London direct to-morrow. . Further supplies of Harlequin tobacco, which has been short on the local market, are on board the Ashburton, due here about September il. DAIRY PRODUCE The New Zealand Loan and Mercantile Agency Company, Ltd., Dunedin, has received the following advice from London under date September 9j New Zealand choicest salted butter, 109 s to 110 s per cwt. Cheese— White, 69s to 70s per cwt; coloured. 67s per cwt. Markets slow.

LONDON MEAT MARKET (United Press Association) (By Electric Telegraph—Copyright) LONDON, Sept. 12. (Received Sept. 13, at 8 p.m.) a -i a

SALE OF IMPORTED CLYDESDALES Three of the imported Clydesdale horses that were offered for sale on behalf of Mr David Adams, of Dumbarton, Scotland, were purchased by Otago and Southland breeders. Mr Donald Macdonald, of Edendale, acquired, at 210 guineas, the four-year-old colt Woodtaank Guardsman and also secured, at 200 guineas, the yearling colt Woodbank Author. Mr C. F. A. Nicholson, of Hampden, was the purchaser of Craigie Barskimming, a two-year-old colt, at 500 guineas. The highest prices realised at the sale were paid by Mr Andrew Grant, of Fairlie, whose bid of 1700 guineas secured the two-year-old colt Strathmore Streamline, by Woodbank Majestic from Lochran Muriel, and who went to a bid of 1500 guineas in order to acquire the three-year-old Ally Dees Rosetta, by Benedictine from Dunure Roseway. FRUIT AND PRODUCE MART Reilly’s report selling:— Per Dozen.—Spring cabbage, 2s to 3s. Cauliflowers, 4s to 6s. Carrots, Is. Spinach, Is 6d. Lettuce: Glasshouse, 5s to 6s: others. Is 6d to 3s 6d. Eggs. Is, Is Id. Local trumpet narcissi, 6s to 9s. Creme 2s to 4s. Violets, Is 6d to 2s. Freesias, 6s. Poppies, Is 6d. Boronia, 4s to ss. Anemones, 4s to 6s. Hyacinths, 12s to 18s. Each.—Champion egg crates, 24 dozen, 17s 6d. Per Case. —Californian lemons. 70s. Grapefruit. 355. Valencias, 335. Grapes: Red Malagas and Ribiers, to arrive; Australian navels and Valencias. 16s to 225. Mandarins, 20s to 295. Ripe bananas, 22s 6d. Pines, 15s to 18s 6d. Apples: First grade Granny Smith, 7s 6d to 10s: Jonathans, 6s to 8s; Delicious 7s to 10s 6d; Sturmers, 6s to 8s 6d; Rome Beauty, 5s to 6s; Lord Wolseleys, 6s; cooking apples, 5s to 6s; black spot second grade fruit. 3s to 4s 6d. Pears: Choice Winter Cole, 10s to 12s; cooking pears, ss. New Zealand lemons, 18s to 21s. Marmalade oranges, 10s. Per Half-case. —Pears, Winter Cole, 4s to 5s 7d. Per Lb. —Hothouse tomatoes, Is 9d to 2s. Green Peas, lOd. Artichokes. Id. Kumeras, 2Jd. Tea: Orange Pekoe, 2s 6d. Cheese, 5Jd. Butter: 1 Farmers’, lOd, lid. Bacon: Prime, lid: bacon and porker pigs. 6d to 6£d; overweight, 3d to 4d. Bulk honey, to sd. Beeswax, Is 3d. Whitebait, ss. Per Cwt.—Canterbury Onions, 4s to 6s; Californian, 15s; Japanese, 16s Oyster grit, 6s. Woodwool, 255. Potatoes, 4s to 6s. “Vivus” and “Viv o veg ” plant food, 18s 6d. Olive oil, 12s gallon. Giraffe lime sulphur. Is 6d gallon. Semesan, 2oz, 2s 3d; 11b. Bs. Red Rose nicotine sulphate: 101 b, 42s 6d; 21b, 10s 6d; 11b, 6s 6d; lib, 4s. Arsenate of lead paste. 9d to Is 3d; powder, Is, Is 6d. Red oil, 5s 6d. French Bordeaux. Is Id. Fowl wheat. 5s to 5s 6d. Partridge peas, 6s 6d. Maize, 8s Id. Oats; Gartons, 3s to 3s 6d bushel. Crushed oats, 9s 6d. Cross-keys meat meal, 15s bag. Pollard. £6 ss. Bran, £5 ss. Chaff, 8.0.5., £4 15s ton. Buttermilk powder, 31d. Palmer's chick food, 101 b 2s 3d. 251 b 5s 6d. 501 b 10s, 1001 b 17s 6d. Per Pair—Poultry; 134 hens at 5s 8d to 8s lOd. 10 cockerels at 4s 4d to 18s 6d 80 pullets at 5s 2d to 12s 6d, 4 bantams at 2s to 2s 4d, 16 ducks at 7s 6d to 10s. REILLY'S CENTRAL PRODUCE MART. LTD., Moray place, Dunedin, C.l.

MINING NEWS GILLESPIE’S BEACH RETURN The secretaries of Gillespie's Beach Gold Dredging Company, Ltd. (Messrs T. H. Thompson and Sons) advise that the return for the week ended September 10 amounted to lOloz 12dwt for 130 hours’ dredging. The dredge is working on the beach end of the cut. QUARTZ MOUNTAIN (PAPUA), LIMITED. The latest report on the activities at Quartz Mountain (Papua), Ltd., states: — After a trial run with the altered plant, further adjustments and additions were found necessary. Opportunity was then taken completely to overhaul the large Diesel engine preparatory to continuous crushing, which was again commenced on July 31. In a report dated August 20 the manager stated that the mill had then run intermittently, putting through 160 tons of ore. , The elevator constructed to lift the product from the rolls’to the tube mill had been completed. Another elevator was also required to lift the product from the tube mill so as to enable the launders to be raised to give sufficient fall into the cyanide tanks. The construction at the plant of the second elevator was nearing completion, and the manager considered that this would enable two shifts to be worked, and also give increased tonnage per hour. Two zinc boxes were installed, each having eight compartments, and making good recoveries, only traces of gold being found in the barren solution. The recoveries then were I.6dwt by blankets and 2.75dwt by cyanide extraction, making a total recovery of an assay value of 4.35dwt per ton. There has been a severe epidemic of influenza on the island, and at the time of writing a number of natives was affected. There had been a good run of the plant for the last week covered by the report, and the manager expected that when the second elevator was installed to give the greater fall to the tanks for the sands 50 tons per day should be reached. WEST COAST DREDGES (Per United Press Association) GREYMOUTH, Sept. 12, The Argo dredge return was 98oz for 130 hours over 13,500 yards. The Maori Gully i-eturn was 220 z 9dwt for 197 hours. The Mossy Creek dredge return was 520 z 12dwt for 9855 yards and 136 hours’ work. The Nemona dredge return was 38oz 16dwt for 14,900 yards and 122 hours’ work. LONDON PRODUCE MARKET The Bank of New Zealand has received the following advice from its London office under date September 11: Frozen Meat.—There is a steady trade in wethers at rather better values. Smaller supplies of ewes have caused prices to harden. The market has improved for first quality lambs, while seconds remain steady. Wethers, light, 4jd to s]d per lb; wethers, heavy, 4d to 4;}d per lb; ewes. 3Jd to 4,jd per lb; lambs, twos. 7d to 7Ad per lb; lambs, eights, 7d to 7id per lb; lambs, fours. 6jd to 6§d per lb; lambs, seconds, 6ild to 7d per lb. HOWARD, SMITH, LTD. INTERIM DIVIDEND PAYABLE The announcement of an interim ordinary dividend at the unchanged rale of 2£ per cent, is an important event for Howard Smith, Ltd. (says the Melbourne Argus). In 1927 10 per cent, was paid, but distributions dwindled, and ordinary dividends were passed in three years, 1930-32. In 1933 14 per cent, was distributed and the rate rose to 2J per cent, for both 1934 and 1935, payment being made after the close of accounts. In the last year the outlook has brightened. Instead of an unremunerative holding in Australian Iron and Steel, Ltd., the company now owns 210,844 shares in Broken Hill Proprietary, upon which £26,360 (1.3 per cent, on Howard Smith ordinary capital) is being received annually. Another shareholding, 139,299 preference shares in Southern Portland Cement, also gave a small return this vcar, after a long period. The payment of this ordinary dividend by Howard Smith, Ltd., is an indication that Australian Steamships Pty., Ltd., a subsidiary, has recovered from the effect of the seamen’s strikes in August and December. The 1935 profit of Howard Smith equalled 3 1-3 per cent, on ordinary capital, after allowing for preference dividend requirements. SHORTAGE OF SHERRY It is now becoming clear that this year’s vintage of Spanish wines will suffer, apart from the destruction of vines, through the shortage of labour (state London wine trade advices). Shipments of existing vintages have almost ceased. A serious shortage of sherry and <ei the increasingly popular Spanish white wines is expected if the war continues. WERE’S TRUST RESULTS NEW ISSUE OF SHARES Were’s Investment Trust. Limited, Melbourne, earned a net profit of £22,654 for the year ended June 30, compared with £17,660 in the previous year. There is available £24,357, from which £7OB has been appropriated to extinguish the debit on exchange fluctuation account. The directors propose to pay a dividend of 3;, per cent, from income earned in Australia, first out of profits subject to Federal special property tax, and the remainder, if any, out of the profits not subject to this tax. In addition, it is proposed to pay a dividend of Ij per cent, wholly from income earned outside Australia, and not subject to tax in Australia. Last year a dividend of 4 per cent, was paid. A sum of £3OOO is transferred to general reserve, leaving £IB9B to be carried forward. The net profit does not include capital surplus resulting from changes in investments. This surplus, amounting to £5119, nas been transferred to investments fluctuations reserve. The market value of the company’s investments is stated to be £16,429 in excess of cost. . , ~ . The directors state that they believe that further capital could be used profitably and they propose to issue 300,000 shares of 5s each at par. These will be offered to shareholders in the proportion of one new share for every five shares held. TOOTAL BROADHURST COMPANY LARGE INCREASE OF PROFIT A net profit of £194,891 for the year ended June 30 was earned by Tootal, Broadhurst, Lee Company, Limited, England. This is an increase over last year of £50,709. or over 35 per cent., but following the conservative policy the directors make no change in the ordinary dividend, which for the fourth year is 10 per cent. The additional profits are largely used to strengthen the position, for after a lapse of six vears reserve allocations are resumed with a transfer of £25,000, while after setting aside £60,000, against £44,000, to income tax reserve, the balance carried forward is increased from £37.611 to £67.085. The company’s employees again receive £20.000 under the bonus scheme, and after allowing for this payment the profits are equal to nearly 22 per cent, on the ordinary capital.

London— Buying. Selling £1 N Z to £ 100 si*. «• •• r.r. O.D. 124/10/124/8/9 Australia— £ A to £100 N.Z X.T 100/10/OD 100/10/fc’ljl- £ mo £100 N.Z. T.T. 90/7/6 89 O.D 90/7/8 80 New fork— Dollars to £ N.Z. T.T. 4.091 4.05i O.D. 4.10J 4.06 Montreal— Dollars to £ N.Z. T.T. 4.09% 4.05% O.D. 4.10% 4.06J Austria— Schillings to £ 21.13 N.Z T.T. — O.D. — 21.15 Belgium— Belgas to £ N.Z. T.T. O.D, - 23.929 23.940 Czechoslovakia — T.T. 97.31 Crowns to £ N.Z. — O.D. — 97.36 Denmark— 17.893 Kroner to £ N.Z. T.T. 18.203 O.D. 18.263 17.903 France— 61.47 Francs to £ N.Z T.T. — O.D. — 61.51 Germany— Reichsmarks to £ 10.039 N.Z T.T. — 01). — 10.044 Holland— 5.940 Florins to £ N.Z t.r. — » O.D. — 5.944 Italy— 51.40 Lire to £ N.Z. T.T, — OD. — 51.45 Java— 5.906 Florins to fi N.Z T.T. — O.D. — 5.910 Norway— 16.181 15.891 Kroner to fi N.Z r.T. O.D. 16.241 15.901 Sweden— 15.490 Kroner to £ N.Z. r.T. 15.785 OD. 15.845 13.500 Switzerland— 12.381 Francs to fi N.Z r.i 12.651 O.D. 12.750 12.386 Noumea— 60.10 Franca to fi N Z. r.T. — O.D. — 60.16 Papeete— 60.25 Franca to fi N.Z. r.T. — O.D. — 60.31 Hongkong— N.Z. pence to 1 18 20-32. dollar .. .. T.T. 1729-32 O O. 17 13-16 18% India and Ceylon— N Z. pence to 1 22 57-64 rupee .. T.T. 22 9-04 O.D 22 3-64 22% Japan— N.Z. pence to I 17 41-64 von .. .. T.T, — ■ O.D — 171 Shanghai— N.Z pence to 1 17 21-64 18 21-64 dollar .. .. T.T. O.D. 17 9-64 18 5-16 Singapore— N Z pence to 1 34 27-64 35 31-04 dollar .. T.T O.D 34 15-64 33 15-32

notice; — SellingU.S.A. Canada (Per £ (Per £ N.Z.) N.Z.i Dols. Dols T.T .. .. 4.05i 4.05i O.D ., .. 4.06 4.06 Buying— O.D .. .. 4.101. 4.10*

SALES REPORTED £ s. d. Goldsbrough, Mort (2) 1 14 0 Mortgage Corporation per cent. Stock u u Electrolytic Zinc (ord.; 2) .. 2 1 6 Okarito (late Friday) .. . • 0 5 0

age:— BANKING Buyer. Seller. 1 Si. a. : «. (1. Australasia 1fl2 0 0 — New South Wales — 32 15 0 New Zealand .. 1 19 0 1 19 9 Commercial .. 0 18 1 0 18 7 National of N.Z. 3 0 6 3 2 6 INSURANCE National .. .. 0 18 0 — Standard .... — 3 2 0 SHIPPING P. and 0. Del Stk 1 11 0 — U.S.S. Co. (pref.) 1 6 0 — MEAT PRESERVING N.Z. Refrig, (paid) 0 19 0 1 0 3 N.Z. Refrig, (cont.) 0 9 0 0 9 4 South. Froz. Meat (paid) .. .. 3 12 0 — South Otago Freezing .. .. 7 13 0 — Waitaki Farmers 4 0 0 — LOAN AND AGENCY Goldsbrough, Mort 1 13 11 1 14 3 Mortgage Corp. 38 Stock .... — 96 0 0 National Mortgage — 2 11 0 Perpetual Trustees — 3 4 0 COAL Kaitangata .... 11 0 — WOOLLEN COMPANIES Bruce (ord.) .. — 0 14 6 Kaiapoi (cont.) .. 0 6 1 0 6 7 MISCELLANEOUS Anthony Hordern — 0 18 10 Aust. Iron and Steel 16 0 — British Tobacco .. tf2 2 0 2 2 9 Broken Hill Pty. (cont.) .... — 2 17 0 Brown, Ewing (ord.) .. .. 0 16 9 — Brown, Ewing (pref.) .. . • 12 3 — Crystal Ice .. 2 5 0 — Dominion Fertiliser 1 4 0 1 5 0 Donaghy’s Hope 2 11 0 — Dunlop Perd. Rubber .. .. —> tru G. J. Coles .... 40 0 4 1 0 Hume Pipe .. — tn o 0 National Electric — U 16 0 N.Z. Drug Co. .. 3 15 6 — Farmers’ Fertiliser 1 0 9 1 2 0 N.Z. Paper Mills 1 6 3 — Regent Theatre' .. — 1 1 breweries N.Z. Breweries .. 2 12 6 — Staple’s 1 16 0 7“ Dunedin ~ Tooth’s .. .... 2 15 9 2 16 9 AUSTRALIAN MINING Broken Hill South f|5 19 0 6 4 0 Electrolytic Zinc (pref.) — 2 3 Electrolytic Zinc (ord.) 2 1 0 2 1 6 Mount Lyell .... — 1 9 6 Mount Morgan .. — 0 13 4 MINING Big River .... — 0 2 i Blackwater .... — 1 14 6 Central Shotover , — 0 0 5 Clutha River .. 0 1 9 — Gillespie’s Beach t+0 1 5 0 1 6 Kildare — 0 2 6 King Solomon . . — 0 1 1 Lawson’s Flat .. — 0 0 4 Molyneux River.. 0 1 6 — Maori Gully .... 00 7 — Nemona 0 1 8 — Okarito 0 '4 7 0 5 0 Waimumu Sluicing — 0 0 10* Waipapa Beach .. — 0 i u Waitahu .... — 0 2' 3 GOVERNMENT LOANS 3 i p.c. Stock, Nov., 1938-52 103 10 0 — 34 p.c. Stock, Mar., 1939-43 103 10 0 — 34 p.c. Stock, Sept., 1939-43 103 10 0 — 34 p.c. Stock, May, 1939-52 103 5 0 — 31 p.c. Stock, Mar., 1941-43 103 10 0 — 34 p.c. Stock, Sept., 1941-43 103 10 0 — 34 p.c. Stock, May, 1941-52 103 10 0 —* 31 p.c. Stock, Nov., 1941-52 103 10 0 —- 4 p.c. Bonds, 193740 101 5 0 —- 4 p.c. Stock, 193740 101 5 0 — 4 p.c. Bonds, 194346 103 10 0 — 4 p.c. Stock, 194346 103 10 0 — 4 p.c. Bonds, 194649 105-5 0 — 4 p.c. Stock, 194649 105 5 0 — 4 p.c. Bonds, 195255 105 5 0 — 4 p.c. Stock, 195255 105 5 0 — ft Cum dividend. DIVIDENDS PAYABLE The following is a list of shares on which dividends will shortly be payable: — Adelaide Steamship — Final, 34 p.c., making 6 p.c. Sept. 15 Melbourne Co-operative Brewery—Quarterly, at 20 per cent, per annum .. Sept. 15 Gillespie’s Beach — Id per share Sept. 16 Apex Investment, Masterton —Interim, at 4 per cent. per annum Sept. 17 Huddart, Parker — Interim, pref., 3 per cent., ord. 3J per cent Sept. 17 Broken Hill South—Quarterly, 2s 6d a share .. Sept. 18 N.Z. Drug Co.—Interim, 3i per cent Sept. 21 North Broken Hill—Dividend and bonus, 5s per share .. Sept. 20 Renown Collieries—Ord. lOd, final pref. at 7 per cent Sept. 21 Auckland Farmers’ Freezing —6 per cent, per annum .. Sept. 2d Hume Pipe, Australia, Ltd — 5 per cent, per annum Sept. 23 Mason, Struthers—3 per cent. Sept — Milburn Lime and Cement—5 per cent., making 8.,‘ per cent, per annum .. .. Sept — Lincoln Mills—Final, pref. 5 per cent., and ord. 8 1-3 per cent Oct. 2 Bank of Australasia—Interim, 3s 6d per share Oct. 2

Commercial Bank of Australia 0 18 4 Traders’ Finance (cont.) .. 0 5 Union Steam (prof.) 1 6 3 Bycroft 1 0

Electrolytic Zinc (pref.) .. 2 3 6 Mount Morgan 0 13 0 Unlisted Stocks Selfridges (A’asia) .. .. 1 6 6

Union Bank (late Friday) 9 10 0 Goldsbrough, Mort (late Friday) • • ■ 1 14 0 Woolworths (N.Z., late Fn.) Goldsbrough, Mort .. .. 5 1 6 1 14 0

Sales on ’Change Union Bank of Aust. (2) 9 10 6 Goldsbrough, Mort . • ■ ■ 1 1 13 13 9 8 1 13 7 N.Z. Refrigerating (10s paid) 0 9 0 Kaiapoi Woollen (17s paid, 0 lb 9 Kaiapoi Woollen (7s paid, 0 3 cum div., 2) 0 N.Z. Breweries (2) .. ■. 2 9 12 12 3 4 (2) 2 12 3 Tooths Brewery 2 16 0 Amalgamated Wireless (14s 0 2 paid) .. • • . • • • • • Dunlop Perdriau (cum div.) 0 0 2 18 Electrolytic Zinc (prof., 2) 2 3 5 Mort's Dock 0 1 11 30 0 Mount Lyell 9

E.S. and A. Bank .. . 5 18 0 Goldsbrough, Mort (late 14 0 1 Kaiapoi Woollen (17s paid, cum div., 2) 0 15 9 N.Z. Breweries 2 12 Broken Hill Pty ; • 3 17 9 Broken Hill Pty. (new, late 16 Friday) 2 9

Bonds— 99 0 0 33 p.c. 1949 33 p.c., 1951 98 10 0 4 p.c., 1938 102 7 6 4 p.c., 1944 103 1 3 4 p.c., 1953 101 5 0 4 p.c., 1955 101 0 9 4 p.c., 1957 101 5 0 Commercial Bank of Sydney 19 15 0 Commercial Bank of Aus18 9 tralia 0 Bank of New South Wales 33 2 6 Australian Gas (A) .. .. 7 5 0 Tooheys 1 12 9 Anthony Hordern .. .. .. 0 19 0 Associated News (pref.) .. 1 3 3 British Tobacco 2 3 0 Broken Hill Proprietary .. 3 18 9 Dunlop Perdriau Electrolytic Zinc 0 2 18 3 4 5 9 G. J. Coles 4 1 0 Goldsbrough, Mort .. .. 1 14 6 James Stedman 0 18 3 Mark Foy • • .... • ■ 1 14 0

N.Z. Sheep— to Canterbury and North a a Island selected cross- ■< bred wethers and lb.) maiden ewes: cl. d. d. Under 481b 5] 43 43 48-5Clb 44 44 44 57-641b 43 41 44 43 G5-72Ib 41 Ewes: Under 481b 41 41 43 43-641b 33 33 33 65-721b 33 33 33 North Island: 48-5GIb 4J 43 43 57-C41b 43 43 44 G5-721b 41 43 43 Australian Sheep— First quality crossbred and/or merino wethers: 40-561b 4 44 41 Second quality; 30-351b 4 4 41 43 Ewes: 30-351b 4 4 44 Argentine Sheep— Fir st quality crossbred wethers: 43-64lb .. .. .• 43 41 41 65-721b 33 33 4 Patagonian Sheep— Wethers and/or maiden owes: Under 501b 41 43 44 50-601b 33 4 44 30-551b 33 33 33 Ewes: 40-50lb •— — — Australian Lambs— Victorian; First quality: 361b and under 6J 64 fii 37-421b 63 63 63 Second quality: 361b and under 64 64 63 Other States: First quality: 361b and ,under 64 64 64 37-421b 6 64 64 Second quality: 361b and under .. ,. . .. 61 61 61 All States: Third quality: 361b and under 7 7 7 N.Z. Frozen Beef— Ox fores (145-210lb) .. 23 23 23 Ox hinds (145-2101b) .. .. 33 33 33 Australian Frozen Beef— Ox crops (1001b and under) 3i 34 34 Ox crops (145-2101b) .. .. 23 23 23 Ox hinds (145-2101b) .. .. 41 41 34 Ox hinds (over 1601b) ,, .. 4 4 4 N.Z. Chilled— Hinds 51 51 5 Fores 24 24 23 Australian Chilled— Hinds (145-2101b) 5 5 5 Crops (145-2101b) 24 23 23 Union of South Africa Chilled— Hinds 53 53 53 Fores 24 24 8 Argentine Lambs— First quality: 64 361b qnd under 64 64 37-421b 64 61 61 Second quality: 64 Average about 281b .. 64 64 Patagonian Lambs— First quality: 61 361b and under 63 63 37-421b 64 64 64 Second quality: Average about 301b .. .. 63 6g 03 N.Z. Lambs— Canterbury: First quality: 361b and under .. 71 74 74 37-421b 7 V 74 43-501b 64 64 64 Second quality: 63 Average about 311b .. .. 63 02 Other South Island; 361b and under 71 U 74 37-42Ib 7 'I 74 43-501b 64 64 64 Second quality: Average about 321b .. .. 7 7 7 Selected North Island, including Downs; 73 361b and under 71 71 37-42Ib 7 7 n 43-501b 64 64 64 Second quality; 74 71 Average about 301b .. .. 74 Other North Island. First quality 74 361b and under 7 7 37-421b 62 62 63 Second quality: 63 Average about 311b .. .. 63 03 Southern Rhodesia Chilled— Hinds 44 54 43 Fores 24 23 — Argentine Chilled Beef— Ox hinds (145-2101b) 6 53 53 Ox fores (145-2101b) .. .. 23 23 34 Uruguayan Chilled— Hinds 51 54 53 Fores 24 23 23 Brazilian Chilled— 43 4 1 43 Fores N.Z. Pigs— First quality: 6.1 G0-801b 6.1 6.1 81-1001b 64 61 64 64 101-1201b 61 63 Australian Pigs— First quality: 81-1001b 64 64 64 60-801b 64 64 61 101-1201b 61 61 63