FINANCE & MARKETS

Sun (Auckland), Volume II, Issue 475, 3 October 1928, Page 12

FINANCE & MARKETS

Market Active on ’Change

New Zealand Insurance Selling

THE general tone of the market is decidedly brighter, and many sales have been recorded. New Zealand Insurance sold last evening at 4os 3d, leaving a firm market for these shares.

In the banking section. Commercial | of Australia are steady. English, j Scottish and Australian, and National of New Zealand, both remain firm. New South Wales have keen buyers at £sl 3s 6d and sales at .£sl 7s 6d, while £lank of New Zealand remain steady. Insurance scrip still attracts considerable attention and in most cases Quotations remain high. In the loan and agency, Goldsbrough Mort, National Mortgage, New Zealand River Plate and Loan and Mercantile are in keen demand. Few sellers are appearing in these shares. There is little change in coals, most of these shares maintain good figures. Union Oil. Soap and Candle scrip is •ttgerly sought after at 42s 6d, no fchares offering. Waihi quotations have eased a little.

Buyers are now quoting 13s lOd, sellers 13s lid; no business. All Government and local body securities remain exceedingly firm. Yesterday afternoon’s business: On ’Change—New Zealand Inscribed Ptock, 1933, 5i per cent., £lOl 2s 6d. Reported—National Bank of Australasia (con.), £9 12s; Bank of New Zealand, £3 Is 3d; New Zealand Insurance, £2 5s 3d; Devonport Steam Ferry, £1 ss: Northern Steamship, 14s 4d: Kernpthorne Prosser’s New Zealand Drug. £3 10s; Waihi Gold Mining Co., 13s lid. Business at this morning’s early call: On ’Change—New Zealand Inscribed Stock, 1933, 5£ per cent., £lOl ss. Business at to-day’s mid-day call: Reported—Bank of New South Wales, £sl 7s 6d; Northern Steamship (con.), 6s Bd.

TO-DAY’S QUOTATIONS

Closing quotations at co-day’s midday call were:

~ SOUTHERN EXCHANGES YESTERDAY’S SALES Press Association Christchurch.—English, Scottish and Australian Bank, £8 17s (two): New Zealand Breweries. 55s (two); Wilsons Cement, 395; Hayward's Pictures, 20s, 20s 3d; Mahakipawa, Is 6d; Kaiapoi Woollen <l7s paid), 13s. POTATO MARKET FIRM POSITION IN CANTERBURY Press Association CHRISTCHURCH, Tuesday. Potatoes continue to monopolise the attention of those interested in the produce markets. The position generally Shows little alteration in the past few days. The demand is good, and there are many orders, but the supply appears not to be equal to the demand, althougn there are more reports of potatoes available this week than last. Growers holding stocks are said not to be too eager to accept even the very tempting prices offered at present. For small lots, as high as £lO 10s to £ll was paid today. equal to £l2 to £l2 10s f.o.b. The Kurow will take about 3,000 sacks, representing cargo taken on board at Timaru and Lyttelton. This quantity is about half a week's supply for the Auckland market. From all parts of the Dominion there is inquire' for potatoes for prompt and for October deliveries. There is a firming tendency in the ■wheat market. For good milling quality 6s Id and 6s 2d f.0.b., s.i., is quoted. Crime fowl wheat is quoted at 5s 7cl to 5s 7td, f.o.b. Lyttelton, and for OctoberNovember 5s Sid. Quotations for other produce are unchanged. THE DAIRYING INDUSTRY (From Our Own Correspondent) W HANGAR El, Tuesday. The Waipu Dairy Company's output for September was 23 tons 1 3cwt, against 20 tons 9cwt Sqrs for September, 1927. For the two months of this season the output was 41 tons 3qrs, compared with 32 tons 4ewt 3qr for the corresponding period last

LONDON MARKETS FOREIGN EXCHANGE RATES (United P.A. — By Telegraph — Copyright) (Australian and N.Z. Press Association) (United Service) LONDON, Monday. The following rates on foreign evchanges are current to-day, as compared with the cabled quotations on September

THE METAL MARKETS (Quotations on Sept. 27 in parentheses.) Electrolytic Copper.—Spot, £7l 5s (£7l ss>; three months, £7l 15s (£7l 15s). Wire Bars.—Spot, £7l 15s (£7l 15s); three months, £7l 15s (£7l 15s). Copper.—Spot. £64 13s l£d (£64 10s 7id); three months, £65 3s lad (£65 Os 7 Id). Load. —Spot, £2l 15s (£2l 13s 9d); three months. £2l 11s 3d (£2l 8• 1). Spelter.—Spot, £24 Is 3d (£24). ree months, £24 7s fid (£24 3s 9d). Tin.—Spot. £227 17s 6d (£224 7s Gd); three months, £223 12s 6d (£220 10s). - Silver.—Standard, 26 5-Sd (26id) per oz.; fine, 2SJd (29 5-Sd). WHEAT Wheat.—Cargoes are quiet in tone owing to American advices, and reports of good rains where most needed in Australia. They have declined mostly 3d. Liverpool futures: October, Ss llfd per cental; December, 9s 1 5-Sd; March, 9s 3 5-Sd; May, 9s 4 5-3 d. TALLOW MARKET Tallow in stock totals 1,194 tons. This is the lowest since 191 S. Imports, SOI tons; deliveries, 1,171. DISTRIBUTORS, LTD. (Special to TIIE SUN) CHRISTCHURCH, Tuesday. Tt is reported in the city that practically the whole of the millers of the Dominion, certainly all of those operating in Canterbury and Otago, nave signed up with the Distributors, Ltd., for a period of six years. The terms of the agreement are understood to be on the same lines os those in the agreement which expired last month, and will have the effect of stabilising the prices of flour and wheat, at any rate eo far as the South Island is concerned.

INCREASED ACTIVITY BUSINESS ON ’CHANGE COMPANY PROMOTERS ACTIVE "By Noon Call.” With the half-yearly balance at the banks over, and the dairying season well under way, Stock Exchange circles can look for slightly increased activity. Already turnover is on the up grade, while outside the 'Change company promoters have been reaping a rich harvest, many new issues of shares and debentures being written up during the past m’onth or so. THE • market, generally, on ’Change, A maintains a fairly good tone, and, although the market for most of the better class shares is sustained at comparatively high levels, the unbalanced speculative element is almost entirely absent, and the bulk of the business is being done on account of genuine investors who, for the most Part, are prepared to wait for dividends and other disbursements, rather than look for profit on turnover. In the banking group Commercials of Australia are a shade easier, but there is still a steady. inquiry for the scrip. English, Scottish and Australian maintain their recent increased strength. Were’s, of Melbourne, in their latest review, commenting on this, take the view expressed by The Sun’s Exchange writer a few days ago to the effect that there is a possibility of a new issue in the near future. The balance sheet and dividend announcement is due early in November.

Speculative Interest In Coals Coals are attracting the speculative element at the moment, Hikurangis and Renowns receiving the greatest share of attention. The former seem a comparatively safe gamble and, in fact, have several attractions to the investor who is not in a hurry for returns. Sellers of Pukemiros have now come on the market and, even at the present middle price of slightly over 70s, the scrip has attractions, offering as it does a satisfactory return based on the dividends of the last three years. The chairman at the annual meeting held last week certainly spoke rather pessimistically about the prospects of shareholders who had come in on recent high levels, but he has been doing that for years and, even if the company’s net turnover did fall away N slightly, there would still be a fairly comfortable margin of profit. Heavy Trading In Breweries The heavy trading in breweries continues, with New Zealand’s seeing the bulk of the business. The demand for this scrip continues to come principally from the South. Despite the confidence in the scrip which the present healthy state of the market indicates is held by a large range of investors, the writer is still of the opinion that the shares are over-priced. The balance sheets over the whole of the company’s history show no reason for the opinion that hidden reserves are sufficient to justify the present very high state of the market, while the chairman’s remarks at annual meetings, speaking as he has done of the risks of the trade, do not give rise to any hope of increased disbursements to shareholders. Miscellaneous Group Steadv Attention in the miscellaneous group has been directed to a wide range of securities, although the market in. most instances is held at levels which allow little scope for bargain seekers. A slight increased in the strength of the market for Hayward’s Pictures has been noted over the past 24 hours, sales being made at Id over par in Christchurch yesterday afternoon. New Zealand Refrigerating shares are slightly weaker, and buyers are harder to locate even on lower levels. Comment on two Australian securities which have been meeting with a firm demand over the past week or so is given by a writer in “Were’s Weekly Review.” Activity is noted in Electrolytic Zincs, the balance sheet of which is due within the next fortnight or so. Mo_iuit Lyells are also reported to be receiving increased attention with the announcement as to dividend due earlv in November. Return On Investments

Below is a summary of sales made on New Zealand ’Changes during the week ended October 2. giving the approximate return on investment based on the latest dividend. In the case of Government and local body debentures the return includes redemption. The first column gives the figure at which the la cest sale was made:—

FRANKTON STOCK SALE BEEF PRICES FIRM (Special to THE S UN) HAMILTON, To-day. Auctioneers report on the weekly stock sale held in the Frankton saleyards yesterday as follows: — Dalgety and Co., Ltd.—" There was an average yarding of beef. Prices generally were on a par with last week’s rates. Prime bullocks sold at up to £IS, this price being obtained for a pen sold on account of Mr. E. W. R. Leslie, and bought by Mr. tleo. Knight, Huntly. "The consignment of bullocks averaged LIT 2s 6d. Light prime bullocks £ls 10s to £l6 10s; inferior ditto £l2 12s bd. Choice runner £0 15s. Heavy prime young cows and heifers sold at up to £l4. Ordinary fat cows and heifers £8 10s to £ll 15s ? inferior cows and heifers £4 15s to £7 ss. Vealers, £2 2s 6cl to £2 7s 6d. There was only a moderate yarding of store cattle. Forward conditioned cows up to £6 10s, ordinary store cows £4 to £5 2s 6d; two-year-old Shorthorn heifers £4; yearling Shorthorn heifers £2 10s to £3 10s; Jersey yearling heifers £5 "There was a large yarding of fat sheep. Prices were on a par with late rates. Prime wethers made 45s 3d. fat ewes 30s to 36s 6d. We sold SS wethers at 45s on account of W. A. Wilson, also 40 fat wethers at 455. Wo also sold 63 mixed sex woolly hoggets, 32s Id. Hobby calves 8s to 15s. "There was a large yarding of all classes of pigs. Fats sold at late rates, while stores were firm, but declined at end of sale. Best baconers £3 Ss to £3 14s, medium ditto £2 16s to £3 ss, heavy porkers £2 8s to £2 14s, light porkers £2 to £2 ss; lai'ge stores £1 8s to £1 15s: slips 17s to £1 3s; best weaners 13s to 18s: small weaners 0s to 12s. The Farmers’ Co-operative Auctioneering Company, Ltd., report: At the weekly stock market in the Frankton yards yesterday, we had a good yarding of fat cattle and sheep. Fat bullocks were yarded in more than average numbers, and together with fat cows sold at late rates. We quote:—Beef: Bullocks, medium to fat, £l3 6s to £ls 10s; cows, prime fat, £l3 10s to £l4 17s 6d: medium fat, £lO 17s 6d to £l2 6s 6d; light fat cows, £8 to £9 7s 6d; store cows, £3 9s to £5 15s; steers, 2-year, good coloured, £6 12s to £8 ss: heifers. Jer-sey-cross yearling (well-grown), £3 7s to £5 15s. Sheep: A good yarding of fat sheep realised satisfactory prices. Wethers, prime fat. £2 5s to £2 10s; ewes, prime fat, £1 16s to £1 18s; ewes, shorn, £1 ss; fat ewes, £1 12s. Pigs: Baconers. heavy. £3 Ss to £3 12s; light baconers, £2 15s to £3: porkers, heavy, £2 8s to £2 12s; light, £1 18s to 4 2 2s; slips, 16s to £1; weaners, 9s to 14s. AUCKLAND’S BUTTER-FAT PRODUCTION RATE HIOH An increase of over 9 per cent, is to be noted in the returns of dairy produce graded at the port of Auckland during the first quarter of the current season compared with the returns for the corresponding period of last year. During the three months butter and cheese equivalent to 14,538,0001 b. of butter-fat was received at the Auckland Farmers’ grade stores, compared with 12,396,6621 b. during the first three months of last season. Following is a summary of the number of boxes of butter and crates of cheese received during September, 1928 and 1927, with the quantities in store at the end of the periods:— Butter. Cheese. 1928. 1927. 1928. 1927. Received . 170,452 157,355 12,330 10,172 In store . 73,617 85,964 7,159 9,791 MUCH IMPROVED TONE WOOL SALES AT LONDON (Australian and "N,Z. Press Association} Reed. 9.15 a.m. LONDON, Tuesday. At the wool sales, B,SSS bales were offered. of which 7,537 were Australian and 711 New Zealand. The catalogue comprised almost entirely Merinos. There was an excellent selection of top-making wools, and a few good spin hers’ parcels. A considerably improved tone was noticeable, with better bidding from the Continent.

EGGS FOR OVERSEAS AUCKLAND’S QUOTA LOW Disappointing- reports of the prospects of Auckland poultrymen filling- llieir cjuota of eggs to be exported by the lonic were before the Auckland Egg Export Committee last evening. Mr. F. H. Wells, of Papatoetoe, presided. It was stated that although space for 300 crates, or 9,000 dozen, eggs, from Auckland had been booked on the steamer, present indications were that only 150 crates would be exported from this port. It was reported that gradings for a further shipment, to be dispatched in November, would be commenced as soon as the lonic sailed for the South, and it was hoped to export several hundred crates in the second steamer. CHICAGO WHEAT MARKET (Australian and N.Z. Press Association) Reed. 9 a.rn. CHICAGO, Tuesday. Wheat. —December, 1 dollar IS 1-8 cents a bushel; March, 1 dollar 22 5-S cents; May, 1 dollar 25i cents. AUCTION NOTES Alfred Buckland and Sons, Ltd., will sell by public auction at their Pukekohe saleyards, to-morrow, October 4, at 1 p.m., the well-known Wynslade Farm subdivision situated at Mauku, near Pukekohe, comprising- five farms, ranging from 50 acres to 125 aerty. No. 1 section having homestead and buildings thereon. The property is being offered on good terms. To-morrow, at noon, George Walker, Ltd., instructed by an indent agent, will sell at the company’s auction rooms, S 3 Queen Street, 1,000 gramophone records and 10 cases of crockery.

Sellers, Buyers. . d. £ , d. lj AN lvS—• Aust. of Commerce . 1 1 4 n 1 13 6 Com. of Australia 1 10 6 1 10 0 Ditto (pref. > .. .. 7 6 1’ng., Scot. Aust. s 18 0 8 15 6 National of N.Z. .. National of Aust. 7 7 0 7 5 0 (con.) 9 13 6 9 11 JJew South Wales .. 51 6 New Zealand 8 1 6 1 0 Ditto (D Mort., 20s paid) 1 7 6 Union of Australia . Id 8 0 — INSURANCE— National 0 16 - 0 16 2 New Zealand .. .. h 6 5 South British .. .. 0 3 Queensland — 3 5 0 United — 11 7 0 I.OAN AND AGENCY— Dalgety and Co. .. Farmers’ Co-op. — 15 0 0 Auctioneering 2 18 6 Ditto A (pref.) .. 0 16 0 Ditto B (pref.) .. Ooldsbrough, Mort . Nat. Mort. and 2 11 6 10 9 Agency Newton King, Ltd. 4 6 0 4 3 6 (pref.) 0 8 0 0 7 0 N.Z. and River Plate 1 11 N.Z. Guar. Corp. .. 0 8 11 N-Z. Loan and Merc. 114 0 0 Ditto (pref.) .. .. X. Auck- Farmers’ — 82 0 0 Co-op. (ord.) .. • — 0 2 0 COAL— Hikurangi 0 6 0 0 5 4 Ditto (pref.) .. .. 0 9 10 Ditto A (pref.) .. 0 8 9 T'ukemiro 12 6 8 Renown .. 0 13 4 0 12 10 Taupiri 1 7 0 1 6 3 Ditto (pref.) .... 1 6 Waipa 0 14 0 Westport 1 11 0 A\ < stport-Stockton . 0 3 10 0 6 Ditto (pref.) .. .. — 0 4 0 FAS— Auckland 1 3 4 1 3 0 Ditto (con.) .. .. 0 17 3 0 17 0 SHIPPING— Devonport Steam 1 5 0 1 4 6 3 f uddart -Parker. . . 2 8 0 2 7 0 Northern Steam 0 14 6 0 14 Ditto (con.) .. .. 0 7 0 0 6 JF\ A- O. (def. stk.) . 247 0 0 242 n 0 X nion Steam (pref.) TIMBER— 1 1 0 1 0 3 Bartholomew 1 1 0 Kauri Timber .. .. 1 o 6 l.ey land -O'Brien 1 13 6 1 14 0 National 0 11 0 0 9 6 I’arker-Lamb •• .. WOOLLEN— — 0 37 6 Kaiapoi 0 13 9 0 12 Ditto (con.) .. 0 4 1 "W ellington — Ditto (pref.) .. .. — 6 14 0 BREWERIES— % N.Z. Breweries .. .. 0 .15 3 2 J. Staples — i IS 0 MISCELLANEOUS— Auck. Amuse. Park. 0 6 0 0 „ British Tobacco 4 9 Burns. Pliilp 4 0 Bycroft, Ltd 1 Id 0 l 11 0 Checker Taxicab .. 0 10 u 6 Col. Sugar (Aus.) .. 64 0 0 Dental and Medical 0 14 0 —

Sellers. Dominion Pictures . . 1 ft Ditto (pref.) .. .. 1 5 0 1 0 Electrolytic Zinc (ord.) 1 13 0 1 12 ft Ditto (pref.) .. .. 1 14 3 1 13 Fullers’ Pictures 1 0 0 Gear Meat 1 0 Grey and Menzies . 0 9 6 Hayward’s Pictures 1 1 0 1 0 3 Henry Jones Co-op. 1 IS 0 Hill and Plummer . . 1 0 H M. Arcade Theatre 2 6 Ditto (pref.) .. .. 1 1 6 Lewis Eady (ord.) .. 1 5 0 Ditto (pref.) .. .. 1 0 0 Milne & Choyce 1 4 9 Ditto (pref.) .. .. 1 4 9 Ditto B (pref.) .. 1 4 9 Ditto (deb. stk) .. 1 4 9 National Pictures .. 0 12 3 N.Z Farmers’ Fertiliser 0 19 0 0 17 0 N.Z. Refrig; 0 19 1 a IS 6 Ditto (con.) . • .. 0 9 1 0 8 S Northern Boot .... 0 18 0 Robinson Ice Cream 1 3 0 Sanford, Ltd 0 19 9 Sharland (pref.) l 0 0 Thames Theatre 0 16 0 0 3 0 0 Tonson Garlick .. .. 0 12 6 Taranaki Oil .. 0 8 6 0 3 Union Oil Whittome, Stevenson 2 8 0 Wilsons Cement . . 1 19 4 1 18 9 MINING— Alburma (6d paid) . 0 0 S Moanataiari (pd) 0 1 6 Ditto (con.) 0 0 6 Golden Age (paid) . 0 0 2 Lucky Shot (4s paid) 0 0 6 Maoriland (con.) . 0 0 30 Occidental Una (2s paid) 0 1 0 Ohinemuri (ord.) . . 0 7 4 0 6 9 Waihi 0 13 11 0 13 10 Waihi Grand June. 0 1 0 0 0 9 Mount Lyell 1 16 6 1 15 3 DEBENTURES— Auckland Gas, 1932, 93 0 0 Auckland Harbour 3d. 89 0 ft Ditto, 51 p.c. . .. 96 0 0 Ditto, 55 p.c. 100 ft 0 Ditto, 6 p.c. 103 0 0 City of Auckland, 1940, 61 P.c 96 0 0 Ditto, 1943, 5J p.c. 100 0 0 Auck. Elec. Power Board 99 0 0 Auck. Fire Board. « pc 104 10 0 100 0 0 Hamilton Fire Boarc 6 p.c 104 0 0 100 0 0 Bor. Devonport, 6 p. 301 0 0 Bor. Mt Eden, 51 . 100 0 • Ditto. 6 p.c. 102 10 0 Bor. Hamilton, 6 p.c 302 0 0 Hamilton Theatres, 7 p.c 98 0 0 N.Z. Breweries .. .. 1 4 6 3 4 2 Glaxo — 90 0 0 GOVERNMENT BONDS War Loan, 1930, 45 100 0 0 99 0 0 Ditto, 1938, 45 .. 99 5 0 9S 15 0 Ditto, 1939, 45 . . 99 5 0 98 17 Ditto, 3 933, 55 .. 101 10 0 101 5 0 Ditto, 1936, 55 .. — 101 5 0 INSCRIBED STOCKWar Loan, 1939, 99 0 0 — Ditto, 1933, p.c. 99 10 0 Ditto, 1933, 55 .. 101 0 0 Ditto, 1936, 55 .. — 101 2 6

27 and par:— Oct. 1 Sept. 27 Par. New York, dol. .. •1.84 15 16 4.85 4.866 Montreal, dol. .. 4.85 4.85 1-16 4.866 Brussels, belga . 34.89i 34.90 5.045 Paris, fr 124.02 124.00 23.225 Stockholm, kr. . 18.122 18.13 18.159 Oslo, kr . 18.192 IS.20 18.159 Copenhagen, kr. IS.192 lS.20i 18.159 Berlin, r.m 20.342 20.34 20.43 Rome, lire .. .. 92.78 92.79 25.225 Prague, kr 163g 163 9-16 24.02 Calcutta, pence . IS 1-32 18 24 Yokohama, pence 228 22 11-16 242; Hong-Kong, pee. 242 248 12.10 Amsterdam, fl. . . 12.09J Batavia, fl — 12.10 12.10

Latest Approx. Price. Return. BANKS— £ s. d. £ s. cl. Aust. of Com 1 13 8 4 15 1 New South Wales . . 51 ft 4 1ft 9 I nion of Aust. 15 4 17 S New Zealand . . Nat. of ’Asia (£5 3 1 3 4 13 7 paid) 9 12 0 5 4 Ditto (£1.0 paid). 19 11 Com. of Aust 1 10 5 19 1 Eng., Scot. & Aust. 8 17 ft 4 4 8 Nat. of N.Z 7 7 ft 4 15 Adelaide INSURANCES— 9 15 6 o - 4 National 0 If. 5 4 11 4 4 South British . . . . 3 LOAN AND AGENCY— 2 11 3 11 4 Newton King- (pref.) 0 7 6 — 10 Goldsbrough Mort. . 2 11 4 N.Z. Guar. Corp.. . 0 9 li 7 6 Dalgety and Co. .. COAL— 15 ft 5 13 3 Hikurangi (ord.) .. 0 5 7 — Renown 0 1 Taupiri 1 6 ft 7 10 11 Westport .. GAS— 1 10 ft 6 11 1 Auckland (ord.) 1 3 4 6 17 2 Ditto (con.) . . .. 0 17 3 6 19 Christchurch (pd.) - 1 S ft 4 8 Ditto (con.) .. .. SHIPPING— 0 12 8 ft 7 1 Northern Steam (pd.) 0 14 4 8 1 10 Devonport Steam . i 5 0 6 0 0 Howard Smith . . 1 0 0 6 3 1 Union Steam (pref.) WOOLLENS— l 0 9 5 6 0 Kaiapoi (17s pd.).. BREWERIES— 0 13 0 3 IS 5 New Zealand .. .. 2 15 ft 3 12 9 Staples 1 19 0 4 Tooths .. 8 0 5 4 2 Carlton MISCELLANEOUS— Farmers’ Trading6 6 6 0 5 (ord.) 0 7 ft 8 10 S Quill Morris 0 N.Z. Farmers’ Co-op. 19 0 — (1st pref.) 4 10 0 6 13 4 Wilsons Cement .. Kempthorne Pros. N. 1 Z. 19 0 5 2 7 Drug 3 10 5 13 1ft Holden s Motors 1 S 9 Gear Meat 1 6 Sanford, Ltd. (pref.) 1 0 0 7 0 ft Hayward’s Pictures 1 0 0 9 0 0 Whittome Stevenson Electrolytic Zinc 2 s 0 7 10 0 (ord.) 1 12 8 7 ft 10 N.Z. Refrig. (con.).. MINING— 0 8 10 S 11 10 Waihi 0 13 11 Mount Lyell Ohinemuri 0 7 4 Mahakipawa DEBENTURES— N.Z. Ins. Stock, 1933 0 1 G p.c 101 6 5 4 9 Ditto, 1941, 5 V p.c. Ditto, 193S, 4* p.c. N.Z. War Loan, 1933 99 0 0 .5 4 99 0 0 4 12 10 P.c 101 5 0 Ditto, 1930, 41 p.c. 99 10 0 4 11 Ditto, 193S, 4' p.c. 99 0 ft 4 12 Ditto, 1930, 4h p.c. 99 0 0 N.Z. Breweries.. .. 1 4 3 8 4 11