FINANCE & MARKETS

Sun (Auckland), Volume II, Issue 595, 22 February 1929, Page 10

FINANCE & MARKETS

Healthy Trading Commercial Banks Easier By “Noon Call.” A HEALTHY tone itas registered in most sections on ‘Change this morning. A steady volume of business is being transacted.

Fluctuations Movements on 'Change over the past 24 hours, compared with the price at the time o i the previous reported sale, National bank of ’Asia, (ord.), rise | of 2s 3d. Wellington Woollens (pref.), fall | of 2s 6d (last sale during December), j Farmers’ Trading A (pref.), fall of 3d. Waihi Mining, fall of Id. New Zealand War Loan, 1938, rise of 2s tid. New Zealand Breweries (deb. stk.), fall of 2d during the 24 hours. Commercials of Australia show a weakness in tho banking group, the market easing to see sellers asking 295, compared with a market price of 29s 3d on Tuesday. Buyers gave support at 2Ss lOd. At the moment there appears no reason except of a temporary nature to account for the decline. Other shares in the group hold In good tone. In coals sellers of Hikurangis are unsupported. Buyers of Renowns «-aim* in this morning, advancing from 16s at the early call to 16s 6d at midday. Sellers dropped 3d to 18s. The preference scrip was dealt with at 2s lid. Steady buyers of West ports at 22s fail to shift buyers below 32s 9d. In the shipping section, Devonports

saw further business at 245, the current price for this scrip over the past week. A buyer of Huddart Parkers came in at mid-day at 46s 9d. It is worthy of noto that this scrip was dealt in at 47s 6d in Christchurch yesterday, compared with a market at 48s at the close of last week, and 49s during the second week of January. Most woollens have steady buyers, with sellers hard to locate on present levels. Wellington preference shares, which have been more or less neglected over the past two months in favour of the ordinaries, were dealt with at £ 7 7s 6d at yesterday afternoon’s call. Business yesterday afternoon. — National Bank of ’Asia, (con.), £l9 8s 3d; Auckland Gas (con.), 18s; Wellington Woollens (pref.), £7 7s 6d; Farmers’ Trading Company (A pref.), 10s 9d; Waihi Mining, 13s 7d; New Zealand War Loan, 1938, 41 per cent., £100; New Zealand Breweries, 26s Bd. Business at this morning’s early call. —Renown Collieries (pref.), 2s lid: Clear Meat. 43s 9d; New Zealand Inscribed Stock, 1933. 5* per cent., £lOl 10s; New Zealand War Loan, 1938, 41 per cent., £IOO. Business at mid-day.—On 'Change: Waihi Mining. 13s 7d: New Zealand Breweries (deb.), 26s 6d. Reported: Dei'onport Steam, 245.

TO-DAY’S QUOTATIONS

SOUTHERN EXCHANGES YESTERDAY’S SALES Press Association Wellington.—Clear Meat, 43s 9d; Blenheim Oilwells. 655; National Bank of New Zealand. £7 ss; New Zealand Guarantee Corporation, Ss 9d. Christchurch.— Huddart- Parker (cum. div.), 47s 6d: Carlton Brewery (cum div.), 51s; New Zealand Breweries, 57s lOd: Tooth's Brewery. 55s 3d (two); Death and Company, 29s 6d; Mahakipawa, Is 4d (seven), Is 4'.d (four). Is 5d (four); Taranaki Oil. 4s 6d (two). Dunedin.—Blenheim Oil, 655, 62s 6d (two); Milburn Dime. 375; Otago Daily Times, 74s (two). BANK OF ENGLAND RETURN t Australian and N.Z. Press Association) (United Service) Reed, i) a.m. LONDON, Thursday. The following is the Bank of England return;— ISSUE DEPARTMENT Notes issued £410,504,000 Government debt 11,015,000 other Govt, securities .. .. 234,506,000 Other securities .. 9.457.000 Silver coin 4.992,000 Gold coin and bullion .. .. 150,504,000 BANKING DEPARTMENT 1 foprietors’ capital £14,553,000 Rest 3.650,000 Public deposits 15,076,000 Other deposits 102,528,000 Seven-day and other bills .. 4,750 Government securities .. .. 16,332,000 Other securities 30,748,000 Coin 757.000 The proportion of reserves to liabilities is ;.o per cent. Short loans, are quoted at P®** cent., and three months’ bills at per cent. CHICAGO WHEAT MARKET (.tu at ration and 7C.it. I’rrsn Association} Rood. io a.m. CHICAGO. Thursday. Wheat.—March. 1 dollar 253. cents a hushe!; Ma,-, ] dollar 3U cents; July, 1 dollar 3d* cents.

DEMAND FOR ROMNEY RAMS BEST MARKET FOR YEARS Press Association MASTERTON, Thursday. Good prices were realised for stud Romney rains at the annual ram fair of the Mas ter ton Agricultural and Pastoral Society to-day, there being a large attendance of buyers. Flock Romney rams met with the best market for years under keen competition. The highest prices of tho sale for studs was 150gns for a ram sold on account of Mr. Q. Donald, of Featherston, the purchaser being W. U. Buick and Son, Masterton. Another good price was obtained for a ram sold on account of Mr. A. P. Southey, of Masterton, which fetched 120gns., being purchased by Dalgety and Co. This vendor’s three rams m.ido the satisfactory average of 73gns. Tho «ix offered for Mr. Q. Donald av4raged 59gns. The prices for flock Romneys ranged up to 20gns. The sale will be continued today. when flock stud Southdowns, flock stud Lincolns and flock Corriedales will be offered AUSTRALIAN PRODUCE (Australian and N.Z. Press Association) SYDNEY, Thursday. flic following are to-day’s quotations on the Sydney produce market:— Wheat. —At country stations, 4s lid; • x trucks Sydney, 4s 9\d. I Flour.— £ll 10s. 1 Pollard and Bran.— £6 10s. i .^Potatoes. —Tasmanian, £l9 to £2O; | \ ictorian, £IS. Oats.—Algerian or white, 4s 6d. Swedes.—New Zealand, £ls. j Pumpkins.—New Zealand, £IS to £34 a ton. ) Adelaide prices arc: Wheat.—Growers’ losts. Is Sd to 4s 10-id. Flour.—Bakers’ lots, £lO 12s Od I Bran.— £6 10s. | Pollard —£6 17s 6d. Oats. —2s 6d to 2s Sd. | Reed. 10.10 a.m. MELBOURNE, To-day. To-day’s quotations:— Wheat.—4s 10id. i Flour.— £ll to £ll os. Bran.— £6 15s. i Pollard. — £6 15s. Oats.—2s lid to 3s. Barley.—English, 4s to 4s 3d. j Maize.— 4s lOd to 4s lid.

TRADE IN PRODUCE

SPECULATORS IDLE POTATO MARKET FIRMER Sun Office, 9 a.m. Quiet trading is reported from most sections of grain, seed and produce circles. There is an almost entire absence of the speculative element. The lack of interest in the forward position is considered in many quarters to be unprecedented for this time of the year. The market for potatoes registers a slightly firmer tone, due largely to the fact that greater difficulty is being experienced by Pukekohe growers with

rust and blight. Best qualitv tubers are now making £6 to £6 ss, f.0.r., Pukekohe. In the marts, there is also a firmer tone in the market for good quality tables. Present indications are that slightly higher values may rule in the near future. Any tendency to boost the market to high levels, however, will be checked by outside sellers. Quotations are now being offered freely in Auckland for the Rangitikei crop at £ 6 a ton, f.0.r., March delivery. Southern sellers are quoting £6 for latter half of March delivery, but are not prepared to give an f.a.q. certificate.

Onion Market Weaker The market for onions slffTws a weakening tendency. Ample supplies are available, and the quality continues excellent.

A consignment of about 70 tons was shipped on the direct boat to Vancouver during the week-end, and odd parcels are sent out to the Islands from time to time, but orders for shipment are still well below expectations. Good quality onions were available at Pukekohe yesterday at £ 5 30s to £6. Througli store, Auckland, the price ranges aroued 8s 6d a cwt.

Cereal Market Lifeless The cereal market remains very dead for this time of the year. Oats show a further slight weakness over the week. B Gartons are offering, through store, Auckland, around 4s sd, with A’s at. 4s Bd. Southern shippers quote 3s 2d prompt. Wheat is very stationary and the price through store Auckland is unaltered at 7s 8d a bushel. The forward position has strengthened somewhat since the announcement by the Prime Minister that the Government had no intention of carrying out election pledges and removing the duty on imported wheat. The newly-formed Wheat Pool is also advising farmers to hold for higher prices. Maize Position Unchanged

The quiet tone in the market for maize experienced over the past three months continues. Parcels of Bay of Plenty maize are becoming harder to secure and the price down there now makes consignment to Auckland unprofitable. Handy stations, however, are still being supplied. Auckland merchants continue to draw on Poverty Bay on the basis of 5s 3d, f.0.b., Gisborne.

The first of the new season’s chaff will arrive from tho South next week. Ample stocks should be available from now on. Auckland, through store, prices are unchanged at £9 10s a ton. Stocks of bran and pollard are ample for immediate requirements, and merchants’ quotations for bran remain at 8s 6d through store; pollard sells at 10s 6d through store.

Increased life is being shown in the market for grass and clover seeds owing to demands for autumn sowings.

| In the Market Place

TOMATOES CHEAPER After a brief rise in values, tomatoes are again cheaper in the City Markets. Rip© tomatoes are particularly low in price. Bon Chretien pears are still coming forward in large quantities. Peaches are selling well. As is the case with practically all lines of fruit there is no slackening in supply. Bananas came by the Tofua from the Islands this week and are selling fairly cheaply. Apples and plums are meeting with good inquiries. In the vegetable markets onions are extremely hard to clear. For potatoes, buyers’ attention is confined almost wholly to the good quality offerings. Beans, peas, lettuces, pumpkins and cucumbers are especially heavily supplied. Cockerels and heavy hens are best sought in the poultry auction. Quotatipns: FRUIT Pears—Bon Chretien, prime quality, 5s to 6s; small, 3s 6d to ss. Blackberries—4d to 5d a punnet. Peaches—Choice, coloured, 5s to 6s 6d : others, 3s 6d to 4s 6d. Plums—Satsuma, large, 4s to 5s 6d; small, 2s 6d to 3s 6d; Doris, 4s to 7s; Purple King, 6s to 10s. Tomatoes—Special, round, smooth. 2s 6d to 4s; No. 1 firm, 2s to 2s 6d; ripe, Is to Is 6d. Apples—Choice, coloured Gravensteins, 6s to 8s; green, 4s to ss; cookers, prime, Is to 5s 6d: small, 2s 6d to 3s. Nectarines —Large, choice, 9s to 15s; inferior, 4s to 7s. Lemons—Best quality, 12s to 16s; others, 6s to Bs. Oranges—Californian Sunkist Navels, 40s to 455; Jaffa, repacked, 30s to 355. Bananas—4d to 5d a lb. Grapes—Hothouse, prime, Is to Is 6d; others, Sd to lOd. Cape Gooseberries —5d to 6d a lb. Sweet Corn —2s 6d to 3s 6d a halfbushel case. FIELD PRODUCE Potatoes—Large well-graded, free from blight and rust, 4s to 5s a bag; others, Is 6d to 3s 6d. Onions—3s to 3s !)d a bag. Kumeras—2d to 2*fd a lb. Cabbage—2s to 8s a sack. Swedes—ls 6d to 3s a bag. Pumpkins—Heavy supplies; 4s to 7s a cwt. Green Peas—4s to 6s 6d a bag. Beans—ls 6d to 3s 6d a bag. Lettuce—ls to 7s a case. Cucumbers—3d to 6d a dozen. Vegetable Marrows—ls 6d to 3s a doz. Water Melons—9d to 2s 3d each. Rock Melons—4d to Is 9d each. Cabbages—On benches. 2s to 4s a doz. Celery, Is to 2s a bundle. Rhubarb—ls 3d to Is 9d a dozen. Spinach—ls a dozen. Pumpkins—On benches, 6d to Is each. Spring Onions—Sd to Is 6d a bundle. Carrots, Parsnips, Beet and Turnips—--6d to 9s a dozen. Radish—6d a dozen. POULTRY Heavy Cock Chicks—9d to 2s 3d. Heavy Hens—2s 6d to 3s 9d. Lighter Hens—ls 3d to 2s, Pullets—3s to 7s 6d. Roosters —Is 6d to 3s. Ducks—3s to 4s 6d. Turkeys, Hens—6s to Ss; gobblers, 10s to 16s. WHEAT, FLOUR AND PULSE (Australian and N.Z. Press Association) (United Service) Reed. 10 a.m. LONDON, Thursday. Cargoes are steadier in tone. The demand is quiet and unchanged—Alfred Nobel, 47s 6d. Parcels are steady, with poor business. Liverpool futures: March, 9s 2 1-Sd: May, 9s sd; July, 9s 7 7-Bd. The spot trade is quiet and firm. Australian, ex shi;?, 50s. Flour is quiet. Australian, ex store. 36s 6cl. Oats, peas, and beans are firm.

HEAVY RAILWAY TRAFFIC SHORTAGE OF TRUCKS MERCHANTS LODGE COMPLAINT

An acute shortage of trucks and sheets is causing fertiliser merchants considerable inconvenience at the moment. Orders tor delivery at the works are held up, and bookings of slag and other overseas manures winch were scheduled to go direct from the ship’s side are delayed, adding considerably to the handling charges. For years past a similar state of affairs lias been registered at this time of the year. The rush of fertiliser deliveries to farmers for top-dressing purposes coming on top of the usual summer traffic makes a severe tax on the freight department, and merchants find it impossible to move orders as expeditiously as can be expected at normal times. The position has been somewhat accentuated over the past three weeks by the arrival of several slag and superphosphate boats. Most of the slag is sold on a low margin of profit direct from the ship’s side to the trucks for railing to the farmer. When there is a delay, owing to a shortage of trucks, and the manure has to lie on the wharf, additional charges accrue which eat into the profit of the merchant. This is what is happening at the moment. A similar state of affairs occurred early in .December of last year when there was a rush of fertiliser deliveries following the operation of cheap rates. Yesterday a meeting of Auckland merchants decided to communicate with the Minister of Railways pointing out the gravity of the situation and asking whether some action could not be made to prevent a recurrance. It was pointed out that the manufacturers and merchants were being put to considerable unwarranted expense. THE DEPARTMENT’S POSITION When the question was referred to Mr. L. Casey, North Island superintendent of railways, yesterday, he stated: “In any transport concern it is extremely difficult to supply rollingstock to meet the demands of peak periods of loading without some delay and inconvenience to certain sections of commerce. “The department watched the position from the viewpoint of the carriage of manures, even going to the length of restricting non-urgent loads throughout the North Island, to meet the situation created by extremely heavy importations of manure this year. The manure traffic has increased not only through the more general adoption of top-dressing, but also through the encouragement given by the department in reducing manure freights. “It is not practicable, as an economic proposition, to hold sufficient rollingstock throughout the year to meet comfortably all demands at peak periods, but every effort has been made by the department to arrange for the supply of rolling-stock according to the urgency of demand. Appreciation of this is evidenced by congratulatory letters received by the department. The situation this year, of course, has been accentuated by the transfer to the new workshops causing some interferference with the progress building of new rolling-stock under order, and delaying repairs.” NEW EXPORT RECORDS FIGURES FOR JANUARY INCREASE OF £1,412,743 (From Our Resident Reporter) WELLINGTON, Thu rsday. A new record for exports in Januarv js shown by the returns of New Zealand’s overseas trade furnished by the Customs Department. The valuation is £8,449,931. This not only exceeds the previous ’ record for January, £7,606,385 last year, but is also higher than the previous record for any month, which was £8,336,263 in February, 1925, the next highest being £7,796,633 in March, 1925. Details of the exports and the imports m January of this and last year are as follow: T , 1929 1928 Increase Exports £8,449,931 £7,606,383 £843,548 Imports 4,319,091 3,770,020 549,071 Excess £4,130,840 £3,836,363 £294,477 Following is a comparison of the returns for periods of seven months in recent “production years’’;— Exports. Imports. Excess. 1923-24 £21,949,430 £26,837,294 £4,881,864 25747,772 30,691,642 4,943,870 1925- 21,901,994 32,102,938 10,200,944 1926- 21,007,881 29,183,048 8,175,162 1927- 25,510,397 26,352,262 841,865 . 1928- 26,923,140 28,289,657 1,366,517 Compared with last year exports show an increase of £1,412,743, while imports have expanded to the extent of £1,937,395. I The total valuation of exports for the seven months exceeds that for the corresponding period of 1924-25, the year that produced the record total of £57,449,976 —that for 1927-28 was £55,619,285. The increase in imports is due to the gradual expansion from the severe curtailment of the two preceding years.

__THE DAIRYING INDUSTRY Press Association A most successful month lias been experienced by the Morrinsville Co-opera-tive Dairy Company, the returns showing a substantial increase on the corresponding month of 1928. The rate of payment will bo l.&ijd and the total distribution £20,750 12s 7d. In January, 1928, the rate of payment was Is 3d and the total distribution .£11,427 8s 6d. For the season to dafe £118,665 has been advanced —an increase of approximately £28,000 on the same period last season. Sunny Park Dairy Company suppliers will receive an advance payment of Is 43d (butter) and Is 6d (cheese), compared with Is 2d (butter) and Is id (cheese) for the same month last year. The distribution is £5,989 against £4,402 for January, 1928. For the season to date, this company has paid out £30,464 against £24,347 for the same period of 1928—an increase of £6,117. An advance of Is 5d a lb. on butterfat for cheese will be made to suppliers of the Norfolk Company, representing a disbursement for the month of £3,747. In January of last season the advance was at the rate of Is 5d a lb. and the distribution £3,107. The season to date has seen a distribution of £23,136 —an increase of £2,220 on the corresponding months of the previous season. WAIHI MINING CO. Press Association WAIHI, Thursday. Tho following information has been cabled to the London office of the Waihi Goldmining Company:— For the period endtd February 9, comprising 29 crushing days, 21,485 tons of ore were crushed for a result of 7,230 fine ounces of gold and 34,99 S tine ounces of silver. This includes 1.156 tons mined from tlio Grand Junction area, yielding 673 ounces of gold and 13,039 ounces of silver. No. 9 Level.—Regina lode: At 148 ft. east the drive has connected to Martha lode. No. 10 Level.—Regina lode: Driving west tho next 48ft. asseys 51s 3d a ton. AUCTION NOTES J. Braid and Company, by order of the receiver for the debenture holders, will sell by auction the whole of the assets of J. FI. Munro, Limited, on the premises, 145 Ponsonby Road, opposite West End Theatre, on Monday next, February 25. at 11 a.m. The *Tock and fittings to be sold comprise | use associated with an up-to-date restaurateur.

ILLS AMONG CATTLE VETERINARY CLUB’S WORK (From Oar Own Correspondent) NGATEA, Thursday. The Hauraki Plains Farmers’ Veterinary Club has grown so rapidly that the desired attention cannot be given members owing to the many calls on the surgeon, Mr. James Costello, to attend minor ills of dairy cattle in the district. The club has a membership °1 over 10U, and on an average 100 visits are made by the surgeon every month.

The club now proposes to seek assistance from the Government to enable it to employ an assistant. It was thought that a recently qualified veterinary surgeon could be obtained, who would be glad to get his practical experience under such a capable man, and with such an officer the club could reasonably expect an increase in membership within a short time. Until the increased membership was sufficient to pay the assistant’s salary, a Government subsidy was desired. The members for the district have commended the suggestion, and the club will make representations to the Minister of Agriculture on his visit to Ngatea shortly. LAMB FOR OVERSEAS PRICES ON THE HOOKS The New Zealand Meat Producers’Board advises that the following prices were being offered for fat stock for export at February 21:— Hawke’s Bay.—Prime woolly lambs, 361 b. and under, 9Jd; 37 lb. to 421 b., Sfd; 431 b and over, B,id; second quality lambs, Sid. Wellington.—Prime woolly lambs, 361 b. and under, 9_ld; 371 b to 421 b., 83d; 431 b. and over, S?,d; second quality lambs, Sid. Canterbury.—Prime woolly lambs, 361 b. and under, 9|d; 371 b. to 121 b., 9Jd; 431 b and over, 83d; second quality lambs, S3d. Southland.—Prime woolly lambs, 361 b. and under, 9id; 371 b to 421 b., 9d; 431 b. and over, Sid; second quality lambs. Sid. CONSOL S AND COLONIAL STOCKS (Australian and N.Z. Press Association..) (United Service) Reed. 11.20 a.m. LONDON, Thursday. Feb. 21. Feb. li.

Closing quotations at to-day's mid da: Sellers. Buyers. £ s. d. £ s. d. BANKS— Australian of Com. 1 15 , 1 1 1 Australasia .. .. .. Com. of Australia 14 19 0 Ox rights) .. .. 1 9 0 1 S 10 1 >itto f prof.) . . . . 7 0 < 'om. of Sydney 17 6 l-ng., Soot. & Aust. y 0 0 National of N.Z. . . 7 o Nat. of Australasia (con.) 9 14 0 „ 12 6 Now South Wales . 51 12 6 51 0 New Zealand 9 G lull... D Mort. . L X I'nio nof Aust. 13 9 0 15 7 0 •NSLJKANCE— National 0 10 4 0 16 0 .New Zealand .. .. 7 2 G 9 Queensland 10 0 G 0 South British .. •• — 3 4 9 LOAN AND AGENCY— Abraham and Williams (pref.) .. .. — 4 7 0 Farmers’ Co-op. — 2 15 0 Ditto (A pref.) .. 0 17 0 «ioldsbrough. Mort. . 2 13 g 2 12 3 Newton K inpf (pref.) 0 8 G N.Z. River Flats 1 15 0 l 13 9 N.Z. Guar Corp. 0 8 8 N.Z. Roan Mere. 150 0 0 125 0 0 N. Auck. Farmers Co-op, B (pref.).. — 0 8 0 COAL— Ilikurangi (pref.) .. A 8 6 Ditto (A pref.) .. 0 0 0 Pukemiro 3 8 6 3 G Renown 0 18 0 0 1G G Ditto (pref.) .. .. 0 0 0 11 laupiri 1 6 1 G Ditto (pref.) .. .. 1 3 u Waipa .. 0 12 « Westport I 1 12 9 1 12 0 Westport-Stock ton . 0 3 0 — GAS— Auckland 1 1 ;* 1 4 2 Ditto (con.) .. .. 0 IS 0 0 17 9 Thames 0 9 0 0 5 0 Napier (£10 pd.) .. SHIPPING— 10 5 0 Devon port Steam . 1 4 4 1 4 0 Howard Smith 1 9 Fluddart-Farker 2 7 6 9 Northern Steam 0 14 9 0 14 Ditto (con.) 0 11 0 6 G D. * O. (def stk) l G Union Steam (pref.) — 1 0 G TIMBER — Bartholomew . . .. 0 18 0 Kauri 0 18 0 Ley land-O' Brien 1 14 G — National 0 10 0 — WOOLLEN— Kaiapoi 0 14 0 Ditto (eon.) .. .. 0 4 3 Ditto (pref.) .. .. 0 15 9 Mosgiel 10 0 Wellington 7 6 7 4 0 Ditto (pref.) .. .. — 7 G 0 BREWERIES— C. L. I lines (pref.) 1 0 0 1 >itto (ord. > — 1 0 0 N.Z. Breweries 8 0 7 0 J. Staples MISCELLANEOUS— 2 3 0 Auck. Amuse. Park 0 4 0 Ditto (pref.) 0 1 l 0 — A. .1. Kntrican (ord.) 0 i; 0 Australian Glass 10 9 0 British Tobacco 9 2 8 G Burns, Philp .. .. — 2 7 0

call were:— Sellers. Buyers. Bycroft, Ltd 1 11* 3 Checker Taxicab .. 0 8 0 Dominion Pictures . l 1 0 Ditto (pref.) . . .. 1 1 0 Donaghy’s Rope .. 1 12 9 l rnnlop Rubber 1 8 0 1 7 0 Electrolytic Zinc (pref.) 1 17 0 Farmers’ Trading . 0 9 0 0 8 Ditto (A pref.) .. 0 17 0 0 16 6 Ditto (B pref.) .. 0 12 6 Gear Meat 4 0 3 Grey and Menzies . 0 10 6 Hayward's Pictures 1 1 0 Henry Jones Co-op 1 17 H.M Arcade Theatre 10 Ditto (pref.) .. .. 1 1 3 Holden’s Motors 1 8 0 Kempthorne Prosser’s 3 15 0 Lewis Eady (pref.). 0 19 3 Milne and Choyce .. 1 6 0 Ditto (pref.) .. .. 1 6 0 Ditto B (pref.) .. 1 6 0 Ditto (deb. stock) l 6 0 National Pictures . . 0 12 0 N.Z. Farmers' Fert. 1 1 0 1 0 N.Z. Refrigerating (con.) 0 8 0 0 7 5 Robinson Ice Cream 1 2 0 Sanford. Ltd 0 18 6 0 17 0 Ditto (pref.) .. .. 0 18 6 Sharland and Co.. . 1 0 Ditto (pref.) .. .. 1 0 3 S. R. Maxwell.. .. 0 4 0 Taranaki Oilfields .. 0 4 fi 0 4 1 Thames Theatre 0 10 0 Union Oil 2 1 0 sons 2 6 0 2 3 0 Wilsons Cement 2 l 0 1 19 6 Blenheim Oil . . — 3 0 0 MINING— Alburnia (2s 6d pd.) 0 0 53, Lucky Shot (4s pd) 0 2 0 0 0 9 Ditto (con.) .. .. 0 1 l Maoriland (con.) .. 0 0 6 (2s paid) 0 0 10 0 0 Ditto (con.) .. .. 0 0 6 0 0 Ohinemuri (ord.) .. 0 8 9 0 8 1 Waihi 0 13 8 0 13 7 Waihi Grand June.. 0 ■ 0 10 Mount Lyell 2 6 Kuala Kampar Tin 0 15 9 0 15 2 DEBENTURES— 97 0 0 94 0 0 Ditto, 1935, 65 p.c. 103 10 0 Auckland Harb Ed, 99 10 0 Ditto, 6 p.c 103 0 0 City of Auckland, 1940, 51 p.c 99 10 0 Ditto, 1943, 55 p.c. 100 0 0 Bor of Devon port. 103 0 0 Ditto, 45 p.c 92 0 0 Bor. Mt. Eden, 5j£.. 102 0 0 Ditto, 6 p.c 103 10 0 Ditto, 55 p.c 99 10 0 Bor. of Hamilton, 6 102 0 0 N.Z. Breweries 1 6 6 1 6 4 Glaxo — 91 0 0 GOVERNMENT BONDS War Loan, 193S, 4 5 99 15 0 Ditto, 1939, 4 5 p.c. — 99 15 0 Ditto, 1941, 45 P.c99 0 0 Ditto, 1933, 55 p.c. 101 0 0 Ditto, 1936, 55 p.c. — 101 V 6 INSCRIBED STOCKWar Loan, 1938, 45 99 15 0 Ditto, 1939, 45 p.c. 99 lb 0 Ditto, 1927-41, 5* 99 0 0 Ditto, 1933, 55 p.c. — 101 0 0 Ditto, 1936, 55 p.c. — 101 10 0

.£ s d £, s d Consols 55 10 0 55 5 0 Funding Loan, 4 p.c. Si) 5 0 S9 0 0 Brit. War Loan, 5 p.c. 101 17 6 102 0 0 Conv. Loan, 32 p.c-. 78 5 0 78 0 0 Com. Aus. 5i, 1922-27 98 17 6 9S 8 0 C 07m Aus. 6, 1931-41 100 12 6 100 10 0 New Zealand, 4, 1929 100 G 3 100 5 0 Ditto, 32, 1940 . . . . 87 2 6 S7 6 3 Ditto, 3, 3945 .... SO 2 G SO 1 3 Ditto, G, 1936-51 . . 106 0 0 106 5 0