FINANCE & MARKETS

Sun (Auckland), Volume II, Issue 607, 8 March 1929, Page 10

FINANCE & MARKETS

A Buoyant Market

N.Z. Fertilisers Firming

Bv

“Noon Call.”

A BUOYANT tone is registered in the market for all the better-class securities on ’Change. The general tendency continues upward.

Fluctuations Movements shown in sales over the j past 24 hours, when compared with | the price at the time of previous rc- j ported sale include: Whittome, Stevenson, rise of Is Cd. j Kuala. Kampar Tin, fall of Id. Bycroft. Ltd., rise of 2s 3d. Dalgety and Co., rise of 3s 6d. National Insurance, rise of Id. British Tobacco, rise of 2d. The banking group is particularly j firm. Commercials show increased j strength, sales taking place in the : South at 295, compared with 28s lid in Auckland at the time of the last reported sale. This morning holders were asking 29s 2d. with steady buyers in at 295. New Zealands have not recovered from yesterday’s decline and, offered at 63s 6d, could not draw buyers beyund 635. Several insurance shares show a firmer tone. Nationals were dealt with outside the call room at 16s 4d, Id in advance of the price at the time of the previous reported sale. Buyers of South British moved up 6d, to 65s f*d. without drawing a declaration from sellers. Gas shares are meeting with a steady inquiry. Aucklands ar*- slightly easier, with sellers at 24s Sd supported by buyers at 24s sd, compared with a market at 24s 9d at the time of the last reported sale. Buyers are offering 3d more at 10s 6d, for Gisbornes. These shares undoubtedly appear some of the best buying in the group. Based on the present buying price and the latest dividend, the* return 10s 6d would be approximately £9 los 6d per cent*

A very bright tone i.s registered in the miscellaneous group. Buyers of New Zealand Farmers’ Fertilisers have advanced their offers 3d above the latest selling price without making a sale. Based on the last dividend of 6 per cent, the shares at 20s 9d would return approximately £5 15s Sd per cent. Expectations are, however, that a dividend nearer 8 per cent, will he paid out at any early date. Certainly the company should be recovering from the losses of the "manure Avar” of two years ago. It is selling a staple commodity in a field where competition is limited. The market for both issues of Sharia nd, Ltd., is very firm, and, with sellers not prepared to make a declaration. buyers advanced their offers to 20s 9d this morning. Milne and ChuVcc shares are very firm. An interim dividend at the rate of S per cent, is announced by the directors of this firm. Bycrofts. Ltd., saw their first sale yesterday afternoon since April last. Business yesterday afternoon. —New Zealand Breweries (deb. stock), 26s 3d; Dalgety and Co., £ls J4s; Australian Bank of Commerce, 395; National Bank of New Zealand, £7 7s; Auckland Gas (con.), 18s 3d: Bycrofts, Ltd., 33s 3d; British Tobacco, 495; Kuala Kampar Tin, 15s Id. * * * Business at this morning’s early call. —On ’Change: Waihi Mining, 13s 3d (three parcels). Reported: Staples Breweries, 445; Whittome Stevensons, 465; Pukemiro Collieries, 67s 6d. Business at mid-day.—Reported: National Insurance, 16s 4d.

TO-DAY’S QUOTATIONS

SOUTHERN EXCHANGES ' YESTERDAY’S SALES Press Association Wellington: New Zealand Government 4' per cent, bonds (1935), it; 100; New Zealand Guarantee Corporation. Os 2d and Os 4jd; Commercial Bank, 295; Wellington Investment. 11s; Wellington Woollen (pref.), £7 7s; New Zealand Breweries. 58s (two). Christchurch: Australian Bank of Commerce, 3Ss 9d (three parcels): Commercial Bank of Australia. 295. 29s Id; ] Mercantile Mutual Insurance, 335; Dalgety and Company, £ls 12s; New Zea- j land Guarantee Corporation, 9s 3d; I’nited Building Society (cum. div.), 16s !*d: New Zealand Refrigerating (10s paid), j 7s 7d (two parcels); New Zealand Brew- j eries. 58s (three parcels): Dunlop Rubber, 26s 2d: Mount Lyell. £2 3s (three parcels): New Zealand Farmers' Fertiliser, 2(»s 9d, 20s lid; Melbourne “Herald” and “Weekly Times." £3 2s 6d; Bander Oil. Ts 6d; Beath and Company (Is-paid), Ss Tr» ; New Zealand Sugar of Milk, 225; "Wilsons Cement, 40s (two parcels). WHITTOME STEVENSON. LTD. The directors of WUittome Stevenson, Ltd.. advise the declaration of an interim dividend »>f Is 6d a share for the six. months ended December 31, 1928. Dayment will be made on March 31. WAIHI MINING CO. (Special to THE SI X) WAIHI, To-day. The following information has been cabled by the Waihi Mining Company to its London office:— No. 9 Level: At 69ft cast in the Worth - ington crosscut we have intersected quart, the first two feet assays 53s a ton. The next sft is country rock: the next *ft assays 52s 6d a ton, and the last ISft is caleite. Conmction has been made t«* former workings. No. 10 Level: In the Regina lode, driving west, the next 40ft assays 54s a ton; the width of the lode varies from 3 t<» sft; this has now functioned with Martha lode.

BANK OF ENGLAND RETURN (Australian and X.Z. Press Association) (United Service) Reed. 9 a.m. LONDON, Thursday. The following is the Bank of England return: — ISSUE DEPARTMENT £ Notes issued 411,473,000 Government debt 11,015,000 Other Govt, securities .. .. 234,874,000 Other securities 9,266,000 Silver coin 1.544.000 Gold coin and bullion 151,473,000 BANKING DEPARTMENT Proprietors’ capital 14,553,000 Rest 3,714,000 Public deposits 5.253.000 Other deposits 101,450,000 Seven-day and other bills . . 2,750 Government securities 4 1,797,000 Other securities 26.495,000 Notes 56,385,000 Coin 355,000 The proportion of reserves to liabilities* is 51.60 per cent. Short loans are quoted at r per cent., and three months’ bills it 5 9-32 per cent. PUKEKOHE STOCK SALE PUKEKOHE, Thursday. A feature of Alfred Buckland Sons’ stock and pig sale at Pukekohe yesterday was the keen demand for all classes of fat pigs. Store ami weaner pigs were not sought after, consequently both classes were dull of salf-. Only a small number of springers yarded and these sold well. Beef at late rates, the top price of £l2 2s 6d being realised for a prime fat eorv. Springing cows and heifcjcs. close to profit, sold from £lO 10s to £l2 os; backward, £6 5s to £9 lQfc. Best fat cows. £9 17s Bd to £l2 2s. Bd; others, £6 12s Bd to £S 17s Bd. Stjores, cows, £2 to £5 2s Bd; bulls. £4 13s to £lO 17s 6d; Jersey heifer calves, £2 11s to £3 12s j Bd. I Pigs: Choppers, £1 10s to £3 3s; heavy baconers, £3 1 to £3 ISs; meI dium. £3 5s to £3 lQfe; light, £2 ISs to £3 Ss; heavy porkqrs, £2 10s to £2 14s; medium. £2 3s to £2 7s; light. £1 IBs to £2; smalt aqsrl unfinished. £1 9s to £1 13s; best stores, 14s to £l; weaners, 3s to Bs.

TRADE IN PRODUCE POTATO MARKET FIRMER \\ I 1 LOCAL CROP FINISHED |; | ( Sun Office, 0 a.m. L Potatoes have been the main j : source of worry in grain, seed and produce circles over the week. | The supply of good quality localgrown tubers is practically exhausted, and merchants have been j; called upon to look outside for future needs. There are still fair quantities of potatoes held in Pukekohe, but the quality leaves much to be desired. The bulk of the lines sent forward to Auckland merchants over the week has not passed inspection and has been passed on to the marts, where prices are low for blight-infected tubers. Merchants’ through store quotations for good quality tubers have been advanced to around 9s 6d a cwt. during the week, with little prospect of a reduction in the near future. Fairly substantial orders have been placed in the Manawatu to cover requirements over the next three weeks on a basis of C 6 5s on rail. More attention has been paid to the Southern market over the past few days, and orders have been placed there for the new crop to commence coming forward about the last week of the present month. Poor Outlook for Onions From the growers’ point of view the position in regard to onions is very unsatisfactory with little prospect of an improvement this season. J-leavy supplies keep prices on low levels. The Aorangi next week takes a few hundred tons to the Pacific Coast of U.S.A., but the quantity will not be enough to relieve the position here. The export demand this season is well below expectations. A certain amount of inquiry continues to come from Sydney, but the market there at the moment is too low to make export profitable. In any case, Auckland growers could not compete with Canterbury. Through store, Auckland quotations for onions range up to 8s 6d a cwt. for good quality lots. Cereal Market Steady The cereal market holds practically on recent levels, with little indication of much movement in the immediate future. After a brief attempt to raise prices at the latter end of last week, Southern sellers of oats eased again to recent low levels. Through store, Auckland quotations for B Gartens are unchanged at 4s 4d a bushel. As are offered at 4s 7d. Chaff is coming forward in regular shipments to sell through store at JLI 9 IDs a ton. The maize market remains stationary with merchants continuing to draw on Poverty Bay on a basis of 5s 3d a bushel. There is little life m the market, with few signs of the hardening in price, which can be usually expected at this time of Grass and Clover Seeds Moving Freely Healthy business is being transacted in grass and clover seeds for autumn sowing. Most merchants report orders to be quite as numerous as last season. but the quantities are smaller. Manures are moving very freely, with merchants still experiencing difficulty in getting orders away promptly on the date of delivery. N.Z’S DAIRY PRODUCE RETURNS FOR SEVEN MONTHS INCREASE OF 7 PER CENT. Press Association WELLINGTON, Thursday. Returns issued by the dairy division of the Department of Agriculture, for the seven months ended February 28, show that the quantity of butter graded was 04,533 tons, an increase of 9.7 per cent, over the corresponding period of last season, and that of cheese 62,930 tons, an increase of 13.3 per cent. The total butter-fat equivalent of these quantities is 10.53 per cent, above that for the seven months of 1927-28. Following is a summary of the quantities graded in seven months of recent years:—

AUSTRALIA’S NEW LOAN A.M.P. SOCIETY TAKES £1,000,000 Evidently the optimism of the Federal Treasury, in reflation to the prospect of raising £7,000,000 in the Australian market, on an interest basis of Si per cent., has not been altogether unwarranted. Receipt of a first subscription of £1,000,000, by tl*e Australian Mutual Provident (Insurance) Society, announced by the eases materially the task "which has been set for Australian investors. The tender is regarded also as an indication of the satisfaction o£ investors with the return offered by t’ae Loan Council for the issue. Tt ha£, incidentally, the effect of supporting the action of the Treasury by refraining (from the customary plan of having the loan under-written. By that departure, costs of flotation of the loan will be lessened, and, at the same tim£, the banks, which have earned commission on previous issues by the Federal Loan Council, are deprived of that sqjnrce of income. Theme is abundance of proof that the A.M.IV Society is a strong and consistent of Australian stocks. The latest balance sheet of that organisation disclosed holding of Government stocks for nearly £22,500,000. which represented an Increase* of £3GS,OOO on the total 12 i months earlier. H.B. SHEEP MARKET FIRM (Special to THE HUN) HASTINGS, To-day. At the weekly sale at Stortford Lodge ! yesterday a medium yarding of sheep | and a small yarding of cattle came beI tore a small attendance of buyers. ! Prices for sheep were very firm. The cattle market was slightly easier. ! Fat bullocks made £l2 5s to £l4 15s; I fat cows and heifers, £6 to £9 10s; fat ewes, 20s to 22s 6d; four and five-year I ewes, up to 255; two-tootli ewes, up to i 275: store lambs, to 10s. No wethers were offered. CHICAGO WHEAT MARKET (Australian and X.Z. Press Association) Reed. 10.30 a.m. CHICAGO? Thursday. ! Wheat.—March. 1 dollar 22 1-8 cents a bushel; May, 1 dollar 27 cents; July, 1 dollar 293 cents. BRADFORD TOPS MARKET (Australian and X.Z. Press Association) j Reed. 9.5 a.m. LONDON, Thursday. | Quotations are slight'.y advanced but are purely nominal. Business is strietlv limj ited. Sixty-four's lops are quoted at 43Jd ; a I-*: 60’s, 41?,d; 56’s, 32d; 50’s, 27!d; IH’>, I 22id; 40 s, 21\d. I

FRUIT ANDJ>RODUCE WELLINGTON MARKET REPORT FROM BROKERS Messrs. Laery and Co., Ltd.. Thomp- j , sou Bros., Gedrge Thomas and Co., Ltd.. ; Townsend and Paul, and Bowie and Co., j report as follows: Well coloured Dessert Apples continue ! to cause keen competition, and satisfae- i tory values are being realised, while Cooking varieties sell readily. William Pears of choice, firm quality are in excellent demand; Inferior grades and other varieties are slow of sale. Peaches, Plums, Nectarines and Cape Gooseberries are in good demand, and consignments recommended. Tomatoes and Passion Fruit continue in heavy supply, consequently low rates are ruling, and improvement is expected shortly. Consignments of all varieties of Fancy grade fruit are recommended. Recent values arc as follow: Apples: Choice Gravenfsteins, 10s, 12s; Worcsters, 6s, Ss: Delicious, ss, 7s; Cox's Orange, 7s, Os; Alfristons, ss, 6s; Munros, -is 6d, 5s Gd; others, 3s 6d, 4s bushel case. Pears: William, firm, 7s, Ss; Jerseys, ss. 6s; others, 4s ss, bushel case. Peaches: Choice Monach, ss, 5s 6d; Grand Duke, 7s, Ss; others, ss, 6s half case. Plums: Choich Monach, ss, 5s 6d; Grand Duke, ss, 6s; Damsons, 4s 6d, 5s 6d; others, 4s, 5s half case.. Nectarines; Choice, 6s, 7s; others, 4s, 5s half case. Cape Gooseberries: Choice dry, 4s 6d, 5s half case. Passions: Choice, 4s 6d, 5s 6d; others, 2s, 3s 6d a box. Grapes: Choice, Is 2d, Is 4d a lb. Cucumbers: Choice, 2s. 3s banana case. Tomatoes: Choice Hutt Red, 2s, 2s 6d; Coloured, Is 9d, 2s 3d; Round, 2s 6d, 3s half case; Hawke's Bay, Is, Is 6d 101 b box. Blackberries: Choice, 4d, 4;\; others. 3d, 3id lb. Lemons: Choice New Zealand Cured, 16s, 10s; others, 10s, 14s bushel case. Potatoes: Choice graded, Ss, 10s; others, 6s, 7s a cwt. Onions: Choice graded, Ss, Os cental bag. Green Peas: Choice, 10s, 14s; others, 7s, Ss part sack. French Beans: Choice, 7s 9s; others, ss, 5s 6d half sack. Eggs: Fresh, Is lOd to 2s a dozen. Fowls: White Leghorns, 4s 6d to 5s 6d; heavy Table Breeds, 7s, Ss a pair. Ducks: Old Ducks, ss, 6s a pair; Young Indian Runner, Ss 0s; heavy breeds, 9s, 12s a pair. Turkeys: Is 2d, Is 4d a lb. Dressed Porkers: 6d to 6/.d a lb. Butter: Farmers’ Separator and Milled, good, Is ?d to Is 3d a lb. Pumpkins: Red, 6s to 7s a sack. BUTTER AND CHEESE LONDON MARKET REPORT (A. itstKalian and JV.Z. Press A.ssociatio)i) Reed. 0.5 a.m. LONDON, Thursday. Butter is quiet and steady. Danish, Jbos; choicest salted New Zealand, 170 s to 1725; Australian, 170 s. Unsalted New Zealand, ISOs; Australian, 1765. Cheese is firm. New Zealand,- 00s; Australian, SSs. Merchants’ Reports Merchants report receipt of overseas cables as follows: Norden and Company, from their ‘London principals, Andrew Clement and Company, under date March 7: Butter, salted, 109 s to 171 s (equivalent to Is 4.39 d a lb 1._0.b., New Zealand ports); unsalted, 17Ss; market quiet. Cheese, white, 80s (equivalent to 7.96 d a lb f.0.b., New Zealand ports); coloured, 90s; market steadier. Amalgamated Dairies, Ltd., from their London house, under date 7th inst.: Butter: “Anchor” salted, 1725; unsalted, LS2s; market firm, better tone. Danish, 178 s, f.o.b. Cheese: 90s, after being SSs; market quiet. New Zealand -Loan and Mercantile Agency Company, Ltd., from their London bouse, under date March 6: Butter, choicest salted, 170 s; market steady. Cheese, SBs to 90s; market firm. Dalgety and Company. Ltd., from their London house, dated March 7; Butter, the market is firmer; New Zealand finest salted, 168 s to 171 s; Danish, lS4s to 186 s; Australian finest unsalted, 174 s to 1765; finest salted, tOSs to 170 s; G.A.Q., 164 s to 1665. Cheese, the market is steadier; New Zealand, white and coloured, 89s; Canadian white, 106 s to 112 s; coloured, 106 s to 110 s.

[ In the Market Place

RiPE-ROT IN PEACHES PRICES GO DOWN Ripe-rot has affected many of the peaches coming forward on the City Markets, and to-day prices were extremely cheap. Choice varieties have been impaired in quality as well as ordinary lines. Tomatoes show an improvement in Apple sales continue to increase, and the demand is steady The markets are short of oranges, but a large shipment from California next week will alleviate the position. Large supplies of grapes from Te Kauwhata are arriving and are selling well. In the vegetable market the improvement in the values of potatoes is gradual. Inferior lines are still plentiful, but there is a good inquiry for the best offerings. At to-day’s poultry auction values increased slightly. Choice young cockerels are meeting with brisk competition, but the penning was hardly up to the average. Heavy hens and young drakes are selling well. Pullets are being penned in large numbers and birds just on laying are realising high rates. Quotations: FRUIT Pears.— Bon Chretien, prime quality, green. 7s to 9s; ripe, 4s 6d to 8s; L.8.J.. large, prime, 6s to Ss; Packham's Triumph. Is to td. Blackberries.—4d to 6d chip. Peaches—Golden Queen, Ss to 6s; Lippiatt’s Late, as Od to Ss; others. Ss to Plums.—Loris, 5s to 10s. Tomatoes.—Special round, smooth. Ss to i»s; No. 1 firm, 2s to -Ss. Apples.—Cox’s Orange, 6s to 10s; Gravenstein, choice, coloured, 5s to 9s; inferior, Ss to ss; cookers, prime, 4s to 5s 6d; small. 2s to Ss; mixed varieties. 2s to 2s 6d. Lemons.—Best quality, 10s to 15s; others, 6s to Ss. Bananas.—Ripe, large cases. No. 1. ISs to 245; medium, 10s to lGs; No. 1. Ss to 7s. Passions.—No. 1,4 sto 5s case; No. 2. 2s to 3s case. Grapes.—Te Kauwhata, 7s to 10s crate; hothouse, prime, Is to Is 6d lb; others, 6d to lOd lb. Cape Gooseberries.—4sd to s£d lb. Sweet Corn.—3s to 4s a half bushel case FIELD PRODUCE Potatoes.—Large, free from blight and rust, 4s to 4s 9d bag; others, 2s 6d to Onions.—2s 9d to 3s 3d bag. Kumeras.—lid to 2d lb. Cabbage.—4s to 14s sack. Swedes.—2s to 3s bag. Pumpkins.—3s to 6s cwt. Green Peas.—ss to 12s bag. Beans.—3s to 6s bag. Lettuce.—2s to 5s case. Cucumbers.—3d to Is dozen Vegetable Marrows.—ls to 2s 6d dozen. Water Melons.—6d to 2s 6d each. Rock Melons.—3d to Is 3d each Cabbage.—On benches, Is to 4s dozen Celery.—ls to 2s 9d bundle. Rhubarb.—ls Gd to 2s dozen. Spinach.—ls to Is 6d dozen. Pumpkins.—On benches, 3d to is 3d each. Spring Onions.—Gd to Is Od bundle. Radish.—Gd dozen. Carrots, Parsnips, Beet and Turnips.— Sd to Is 3d dozen. Leeks.—3d to 4d bundle. POULTRY Cock chicks, heavy breed.—ls Gd to 2s I Cock Chicks, light breeds.—ls to Is 9d. Heavy Hens.—2s 6d to 4s 3d. Lighter Hens.—2s od to 3s Pullets, White Leghorn, forward.—Gs 6d to 10s. Pullets, Black Orpington, 6s 6d to 9s Gd Roosters.—2s to 3s. Pullets.—Small, 2s 6d to 3s 3d. Prime Heavy Cockerels.—ss to 6s. Light Cockerels.—2s Gd to 3s fd. | Drakes, young.—2s 3d to 3s 3d. I Ducks.—2s to 2s 9d. Muscovy Ducks—3s to 4s 9d. , i Muscovy Drakes.—4s to ss. 1 Goblers.—9s to 12s. I Turkey Hens.—ss to 7s. Geese.—ss to 6s Gd.

AUSTRALIAN PRODUCE (Australian and N.Z. Press Association) SIDNEY, Thursday. The following are to-day’s quotations on the Sydney produce market:— Wheat.—At country stations, 4s ex trucks, Sydney, 4s 7id. Flour.— £ll 10s. Pollard and Bran.— £6 10s. Potatoes. —Tasmanian, £ll to £l2. Onions. —Victorian, £ 10. Oats.—Algerian or white, Is 6d. Adelaide prices are:— Wheat.—Growers’ lots, 4s 7d. Flour. —Bakers’ lots, £lO 12s Od. Bran.— £6 ss. Pollard.— £6 12s 6d. Oats. —2s (id to 2s Sd. Reed. 10.5 a.m. MELBOURNE, To-day. To-day’s quotations:— Wheat.—4s 9d to 4s Did. Flour. — £ll to £ll ss. Bran.— £6 15s. Pollard. — £6 15s. Oats. —2s lid to 3s 9d. Barley, English, 4s to 4s 3d. Maize. —4s lOd. LONDON WOOL SALES Reed. 11.51 a.m. LONDON, Thursday. At the wool sales 10.400 bales were offered, 5,746 New Zealand. There was a medium selection of Merinos and a splendid representative offering of greasy crossbreds. Good general competition gave a keener tone to the opening. The following prices were obtained for New Zealand clips:—Waikoliu, top 18id, average, 17id; Bankhouse, 23-td and 21 d: Wharanu. 22d and lOd: Terata, 17d and laid; Alitio, 19?.d and ISid; Lansdowne, and 21d: Pare, 18d and 16id. MINING NEWS HAURAKI.—The manager reports: “As per telegram, 101 b of picked stone were selected from the SLockwood reef in the 400 ft level, and 50ft seaward of the junction with the Union Beach Cross reef, where the first gold was got in this reef. The reef averages about 2ft in width and looks very promising for more gold being won when stuping operations are under - way. Cleaning up the 400 ft level to the seaward face is nearly completed. The rock drill and tools left when the level was flooded have been rescued and reconditioned ready for stoping as soon as the face is clear. The ventilation rise from the 400 ft level to connect with the drive from the Tangye winze is up to the required distance, but it is found that the drive has to be extended seaward, and that the reef has not been seen at this drive.’’ OCCIDENTAL-UNA. The manager reports: “Timbering the north end of the No. 2 reef has been completed and stoping has now commenced. Colours of j cold are still being seen in the quartz , broken at both ends of this block, the i ore being saved for treatment."

Closing Quotations i a.t to-day # » mid day Sellers Bujers. BANKS— Aus. of Commerce - 1 ID 1 17 6 Australasia 15 2 o 14 r.) 0 Com. of Australia . 1 9 1 0 Ditto (con.) .. .. 0 12 Ditto (pref.) .. .. 7 12 0 7 0 Eng., Scot, and Aus. S 17 6 National of N.Z. . . New South 'Wales .. 51 5 0 50 10 0 New Zealand 0 Ditto < L> Mort.) 1 s Union of Australia 15 9 6 15 8 0 INSURANCE— National 0 16 16 New Zealand .. o 6 Queensland 0 6 South British .. b Standard — 5 1 b DOAN AND AGENCT— Abraham and VVilliams (pref.) .. .. 1 7 b Dalgety and Co. . . lo 12 0 Banners’ Co-op. Auc lb Ditto A (pref.) .. 0 17 3 < toldsbrough, Mort . 0 12 0 Newton King (pref) 0 10 0 8 0 N.Z. River date 1 14 0 1 13 3 N.Z. Guarantee Cor. 0 !) 6 4r J 0 N.Z. Doan Ac Merc. 0 Ditto (pref.) .. .. N. Auck. Farmers' — 80 u 0 Co-op (B pref.) .. 0 12 0 0 8 0 COAL— Hikurangi _ 0 1 0 Ditto (pref.) 0 8 0 0 0 Ditto A (pref.) .. 0 I 0 Pukemiro o 10 0 Renown o 17 1 7 Ditto (pref.) .. .. 0 2 0 0 11 Taupiri 1 7 0 1 Ditto (pref.) .. .. 1 Wuipa 0 12 AN estport 1 12 0 AN cstport-Stockton . 0 0 7 Grey Valley .. .. 1 2 0 1 1 9 GAS— Auckland 1 4 8 1 4 Ditto (con.) .. .. Birkenhead and U 18 b 0 18 u Northcote 0 16 0 Gisborne 0 I" Thames SHIPPING— 0 10 0 0 5 0 Devon port Steam .. 1 4 3 1 « 9 Huddart-Parker 2 6 i» b 0 Northern Steam 0 1 i> 14 Ditto (con. > . . . . 0 I*. Ac O. (def. stk > 3 4 0 1 Union Steam (pref.) TIMBER— 1 1 0 1 u 4 Bartholomew 0 18 0 Kauri Timber /• o 17 6 0 16 0 National — l'arker-Eumb .. 0 19 0 — WOOLLENKaiapoi 0 15 0 • 6 Ditto (con.) .. .. Ditto (pref.) .. .. 0 17 0 0 lb 9 BREWERIES — 9 Ditto (pref.) .. .. — 1 0 0 N*.Z Breweries 2 IS 1/ J. Staples 2 4 0 0 10 0 6 MISCELLANEOUS— Auck. Amuse. Park 0 4 0 — Ditto (pret.> . . . . 0 15 A'lst. Iron and Steel (pref.) 1 0 A. J. Kntrican.. .. 0 17 0 —

call were:— Sellers. Buyers. Australian Glass . . 1 o 6 British Tobacco 9 0 8 0 Bycroft, Ltd 1 2 Checker Taxi . . 0 7 Colonial Sugar. . 00 0 7 Dominion Pictures . 1 1 Ditto (pref.) •. . . 1 1 Donaghy’a Rope Electrolytic Zinc 1 13 0 (ord.) 1 1 5 1 14 9 Ditto (prof.) .. .. 1 10 1 10 0 Farmers’ Trading . 0 9 0 0 8 0 Ditto A (pret.) .. 0 17 0 0 10 9 Ditto ( B prel. , 0 12 1* uller s Pictures 1 1 0 1 0 0 Gear Meat 4 0 Grey and Menzies . 0 LO Hayward’s Pictures 1 1 0 1 0 H..M. Arcade Theatre 10 0 Ditto (pref.) .. .. 1 1 0 kempthorne, Prosser 1 ;> 0 Lewis Eady (pref.) 0 19 3 0 17 0 Milne and Choyce .. 1 6 0 Ditto (pref.) .. .. 1 0 0 Ditto B (pref.) .. 1 0 0 Ditto (deb. stk.) 1 0 0 X.Z. Farmers’ Fert. i 1 1 0 9 N'.Z. Paper Mills . . 0 IS 0 Robinson Ice Cream 1 0 Sanford, Ltd n IS 0 Ditto ( pref.) . . . . 1 0 0 IS 6 Sha viand and Co. . . 1 0 9 I.) it to (pref.) 0 S. R. Maxwell . . . . Taranaki oilfields . . 0 s 6 0 4 0 Union Oil 3 0 2 Victoria Xyanza Sugar 2 5 0 2 0 W hittome Stevenson 7 2 Wilsons Cement MINI Nil— 0 ° 1 19 Alburma (2s 6d pd.) Moanataiari (pd.) 0 1 0 54 Ditto (con. > 0 — Lucky Sliot (Is pd) 0 1 11 Ditto (con.) .. .. Maoriland (con.) oecidenta 1- Una 0 0 0 (2s paid) Ohinemuri (ord) •• 8 0 Ditto (prel'.) .. .. 0 Waihi Grand June. . 0 1 0 — 0 .Mount Lyell .. .. - Kuala Kampar Tin. DE BEN T U KEb — 0 15 94 103 5 per cent Ditto, 1335, 61 p.c. 0 0 Auckland Harb Bd. 5 per cent 99 99 — L>itto, 5* per cent. 0 100 Ditto,’ 6* p.e. .. City of Auck. 1040, — 103 0 0 0 0 5J per cent Ditto, 1943, 5J p.c. n 100 103 92 0 0 6 p.c 10 Bor. of Mt. Eden, 0 — 103 0 o Bor. of Hamilton, 0 —■ 10.> 0 N.Z. Breweries o 0 Glaxo — u c.oVEKNMENI B« >NDS — War Doan, I9SS, 41 100 0 — Ditto. 1911 41 p.c. — Ditto, 1936. 51 p.c. — 101 10 0 INSCRIBED STUCK War Loan, 1938, 4i _ 0 99 15 0 too 1j 101 10 1 Ditto, 1936. 51 p.c. —

Butter Cheese Seven months Tons Tons 1923- 45,817 52.944 1924- 56,116 50,496 1925- 48,705 52,706 1926- 52,755 54,41:1 1927- 5S.S0S 55,025 1928- 64,533 62,930