FINANCE & MARKETS

Sun (Auckland), Volume III, Issue 896, 13 February 1930, Page 12

FINANCE & MARKETS

Prices Steady

MARKET ON ’CHANGE

By "‘Noon Call.” ALTHOUGH heavy trading continues to be recorded on ’Change, the movement toward higher levels has eased. Most sound stocks hold reeent improved prices, however.

FLUCTUATIONS— Price movements, shown by a comparison of sales on the Auckland market over the past 24 hours with the price at the time of the previous recorded sale, include: Bank of New Zealand, fall of 3d. Mount Lyell Mining, fall of 3d. Auckland Gas (con.), fall of 2d. Colonial Sugar, rise of 2s 6d. Bank of Australasia, rise of ss. Bank of New South Wales, fall of ss.

Business on the Auckland Market Transactions on the Auckland market over the past 24 hours included: Yesterday afternoon. —New Zealand War Loan. 1933, 5i per cent., £99: Hank of Australasia, £l2; Commercial Bank of Australia. 23s 9d; ditto (rights), 2s 5d (two parcels); Bank of New South ‘Wales, £4O 15s and £4l; Union Bank of Australia, £l2 (two parcels); New Zealand Insurance (ex div.), 445: Colonial Sugar, £44 7s* 6d; Mount Lvell Mining, 365; Waihi Mining, 13s 4d.

At this morning's early call. —Auckland Gas (con.), 17s 4d; Electrolytic Zinc, 31s 6d; Booth. Macdonald (pref.), 3s Hd; Bank of New Zealand, 58s 6d; National Bank of Australasia, £ls 10s; Mount Lyell Mining. 365. At the midday call: —Bank of New South Wales. £4O 15s; New Zealand Insurance, 445. Market at Midday A slight easing in the volume of business going through was recorded in the market at midday. With the first rush of buyers eager to get back <*n the lower levels over, the market lias a slightly easier tendency, and slight falls predominate in the market for most sound stocks. In the banking group, New Zealands

and New South Wales are among the shares for which the market has apparently reached the peaks. Meanwhile there is a sound demand for all of the more popular bank shares, however. Insurances are very firm at reeent improved prices, New Zealands selling, ex div., at the cum. div. price of earlier in the week. Coals are cjuiet: Renowns are sought at 14s 6d, after a long period of neglect. Those in the know should have some idea now whether the company will be able to pay a dividend this year. ‘.Ccp.ia)so.£ *ui*b g R 3 ajv Lower Profits of Queensland Meat A heavy fall in net profits is shown by the Queensland Meat Export Company, Limited, for the year ended November 30. the amount of £3,137 comparing with £ 34.157 for the previous year, and £12,676 two years ago. Adding £5,381 brought forward, there is a sum of £8,518 to be carried forward. The report states that as a result of the severe losses which had been incurred owing to the drought conditions prevailing during the last few years, cattle available f6r treatment in Queensland continued to be scarce, and the company’s operations were again much restricted. * * • Dividends Payable Due. Queensland Nat. Bank—quarterly, 2J p.c Feb. 13 V ictoria Nyanza Sugar—final for last financial year, 5 p.c., and Interim for current year, 2-i p.c .. .. Feb. 25 Broken Hill South—quarterly, 2s a share Feb. 26 Bank of New' South "Wales, quarterly, 2i per cent Feb. 27 Electrolytic Zinc—interim, ord. and pref.. 12 p.c. p.a Mar. 6

TO-DAY’S QUOTATIONS

FOREIGN EXCHANGES

QUOTATIONS AT LONDON British Official Wireless RUGBY, Wednesday. The following rates on foreign exchanges are current today, compared with the cabled quotations on February 6 and par:— Fob. 11 Feb. 6 Par.

PUBLIC TRUST OFFICE The Public Trust Office agency in Dargaville, conducted by Mr. T. C. French, has been replaced by the establishment of a permanent branch of ho Public Trust Office. Mr. J. P. White, of the Whangarei branch of the Public Trust Office, has been appointed listrict manager in Dargaville.

FRUIT AND PRODUCE

WELLINGTON MARKET REPORT FROM BROKERS Laery and Company, Ltd., Wellington, report an exceedingly good demand and satisfactory values ruling for all choice lines of fruit. Consignments are strongly recommended. Present values are as follow: * Apples: Fancy Red Astrachan, 11s, 13s; Gravenstein, Bs, 10s; Worster Permain, Bs, 9s; others, ss, 7s bushel. Pears: fancy W.8.C., 7s 6d, 9s; others, 6s, 7s bushel. Peaches: Choice dessert, Bs, 30s; others, 6s, 7s half-case. Nectarines: Choice, Ss, 9s; others, 6s 6d, 7s 6d halfcase Greengages: Choice, Bs, 10s; others, 6s 6d, is 6d half-case. Plums: Choice Purple King, 7s 6d, 9s; Doris, Cs 6d, 7s ud; Burbank, 6s, 7s; Blue Diamond, 6s, .s; October Purple 6s 6d, 7s 6d halfease. Cucumbers: Choice, 9s, 30s banana case: bs, is bushel case. Tomatoes: uho ice red, 6s, .s; coloured, 5s to 5s 6d naif-bushel case. Lemons: Choice cured, ISs, 20s: others, 12s, 36s bushel case Grapes: Hothouse choice. Is 2'd, Is 4d a lb. Pumpkins: Choice Red Hubbard Squash, Ss, 9s a sack. Celery: t noice, bs, 7s; medium. 4s, 5s dozen head. Lettuce: Choice, Ss, 10s; medium, inlh na o£ as ?* Black Leaf 40: Jn 101 b tins, sos; 21b tins, 14s 6d; fib bottles, us od each; loz bottles, 14s 6d a dozen.

COMPANY REGISTRATIONS One private company was registered at Auckland yesterday. Details are: Whangarei Theatres. Limited, motion picture theatre proprietors. Capital: £4,150, in £1 shares. Subscribers: Business Organisers. Limited. Whangarei. 1,320 shares: Ethel Miller. Whakapara, 1,184 shares: Harold Bradley Brownrigg and Edgar Perev Middleton, both of Whangarei, 583 shares each: Peter Robertson Gardner. Kamo. 500 shares: Alexander Young Purvis, 'Whangarei, 250 shares: Bloomfield Robert Morgan, Whangarei. 200 shares; Grace Bradley Brownrigg and Albert Hugh Curtis, both of Whangarei. 50 shares each: Alexander Bn via ss. Whamrurel 30 sViat-es

PRICES STEADY

N.Z. STOCK MARKETS

HEAVY DEALINGS IN EWES

Reviewed by R.W.C. A very healthy tone is registered in all sections of the livestock market at the moment, and heavy dealings of both fats and stores have been recorded over the week. Contrary to earlier expectations, the market for store sheep has held very firm, with a rising tendency; breeding ewes, for instance, which were sold at the opening of the fair season at 16s, have subsequently been sold at 20s. In some quarters at is considered that the market, considering the reduced prices for frozen lamb and wool, is too high, and must come back a. little. This view has received support over the past few days in the slightly easier markets which have been reported from the Waikato and down the King Country; exceptionally heavy offerings of ewes have been coming forward. The effect of the drier weather has been registered over the past week in the increased number of fat cows and store lambs offered. The slightest suggestion of a spell of dry weather at this, time of the year, and graziers immediately tend to shorten stocks. At Westfield yesterday the market of cows and heifers was the heaviest for many months; there was a collection of cull dairy sorts from all parts of! the province. Prices, as a result, showed a marked decline on late rates for ordinary cow beef, especially toward the close when, with only dealers and exporters interested, there was a big list of passings. Good quality ox beef at Westfield yesterday sold around 37s to 28s a hundred, extra choice lines in isolated instances making up to as high at 42s a. hundred. Ordinary cow beef sold from 28s to 33s a hundred. Calf Market Easier The calf market showed a marked decline, only good quality mediumweight sorts meeting with anything like a steady demand. There was a decided lack of bloom in the biggest part of the sheep offering. More and more, of late weeks, the tendency has been for the standard of quality to decline. This, in fact, applies to practically every section. Stores are finding their way to what are allegedly fat peris and, as a consequence, the sale is taking longer and longer to put through. The tendency is now for the smaller butcher to place buying orders with one of the contract buyers, as they cannot afford the time the following of the sale right through necessitates. It seems a pity, as the greater the number of buyers the keener the competition, and the better the tone in the market all round. The big percentage of store lambs offered yesterday was particularly noticeable. Prices for fat sheep held practically on a par with late rates. Good quality lambs sold around the export parity of up to 73d on the hooks for best grade under 361 b. Pigs were very firm, fats meeting with an exceptionally keen demand from bacon curers and butchers at Lip to 8d a lb dressed weight.

Freezing Position Unchanged The position in regard to the freezing markets is unchanged. Exporters are steady buyers at late rates of lambs, beef and mutton. Lambs are still offering fairly freely although there is not the quality coming forward similar to that of last month. Cull cows from the dairy herds of the province have started to come forward, but there is not any great rush of business in this section yet. Up to 7£d a lb. is still being paid for best lamb. Beef is worth up to around S7s 6d on the hooks at the works. Good weather mutton is being sought at around s£d a lb. Heavy Offerings in Hawke's Bay The heaviest offering for many years came forward to the Stortford Lodge sale yesterday. The saleyards were unable to hold all the stocks brought forward, and some sheep had to be turned away from the sale. There was a large attendance of the public, and all classes of stock held firm at late rates. Fat cows made up to £9 2s 6d; ox beef made to £l6; fat and forward bullocks, £ll 15s; small 18-month steers, £7; fat lambs, to 24s 4d; fat wethers, to 29s 6d; fat ewes, 17s 6d to 19s; extra, 22s 9d; five-year ewes, to £1 Is. Store lambs were slightly lower, but all other classes of stock were up to full late rates. Addington Market At Addington market yesterday beef values showed a decline on late rates of £1 to £1 10s a head. There was only one outside line, from South Canterbury. The sale of store sheep was firm, and a feature was the first appearance for the season of North Island sheep. There were 2,000 forward from Gisborne. Store lambs also sold firmly, with the exception of lighter sorts, which declined by Is to Is 6d a head. Fat lamb prices were equal to late rates, with a rise of Is to Is 6d for freezing weights. Both baconers and porkers sold at advanced rates. About 16,000 store lambs sold freely at up to 21s Cd for good rape sorts. Good 2-tootli Romney ewes made up to 31s. Fat lambs averaged from Bld to 9d a lb. Extra heavy prime wethers made to 34s a head; prime, to 325; extra prime ewes, to 27s 9d. Best medium-weight beef made from 42s to 45s a 100; extra heavy steers made to £22 12s 6d: extra heavy cows and heifers, to £l6 7s Cd. Bacon pigs sold at an average price of from 7£d to 8d a lb; porkers made from 9id to lOd a lb. Prices at Westfield Prices at Westfield yesterday ranged as follow: Cattle.—Extra heavy prime steers, to £l9; prime, to £ls 17s 6d; medium, £l3 10s to £l4 10s: light and small, from £10; heavy prime cow and heifer to £ll 15s; medium, £7 5s to £8 ss: light and small, from £6; unfinished, from £4. Sheep.—Extra heavy prime wethers made £1 7s 9d to £1 Ss 9d: heavy prime, £1 6s 6d to £1 7s 6d; medium to heavy prime, £1 5s 6d to £1 6s 3d; light to medium prime, £1 4s 9d to £1 5s 3d; unfinished. £1 lr> to £1 4s 6d; extra heavy prime young ewes, 19s to £ 1 0s 9d; heavy prime ewes, ISs to 19s 6d; lighter prime, 16s 9d to 17s 9d; other killable ewes. 14s 6d to 16s 3d: other ewes. Ss to 12s Cd. Lambs.—Extra heavy prime lambs made £ 1 5s to £1 os Cd; heavy prime, £1 3s 6d to £1 4s 9d; lighter prime, £1 Is to £1 3s; light prime, 17s 6d to £1 0s 6d; small and plain, 12s 6d to 17s. Calves.—Runner!? made £4 15s to £7 ISs; heavy vealers, £3 10s to £4 12s; medium, £3 3s to £3 Ss; light, £2 Ss to £3; small, £1 15s to £2; bucket-fed calves. £1 to £1 10s; rough and unfinished, 15s to £1 Is; fresh-dropped and small, 6s to 17s. Pigs.—Choppers made £2 2s to £4 2s, according to weight; heavy prime baconers, £4 10s to £4 14s; medium, £4 Is to £4 6s; light. £3 12s to £3 17s: heavy porkers, £3 4s to £3 8s; medium, £2 15s to £2 19s; light, £2 10s to £2 13s: small and unfinished, £2 4s to £2 Ss; best stores, £2 6s to £2 12s: smaller. £1 18s to £2 3s: slips. £1 13s to £1 16s; weaners, £1 to £ 1 5s for best: others. 13s to 17s.

Keep food untainted. Spray Flytox. Sure protection. Sudden death to* dies and mosquitoes. Harmless to humans. * —S.

BETTER WOOL VALUES

OFFICIAL CHRISTCHURCH PRICES

THIRD SALE OF SERIES Press Association ' CHRISTCHURCH, Today. The third Christchurch wool sale concluded yesterday. The improvement in the market recorded on Tuesday was fully- maintained throughout. All good classes of fine halfbred and crossbred kept at the level of about one halfpenny a lb above the rates recorded at Timaru.. while medium grades and pieces maintained the best of the Timaru values, with a hardening tendency. Another satisfactory feature was that the .wool was sought after by a larger buying circle. There was a greatly increased activity on the part of Bradford and America and Australia were also prominent, but the French buying was much reduced and the German operations werealso less noticeable. The top price of the sale was I.3id fo r . 10 bales of Corriedale ewe, Glenafric brand. Eight bales for Lammermoor of Corriedale made 13?.d and 13 of "Whiterock Corriedale the same. The best halfbred price, was 13Ad for six bales of Thorndale over G.B. The highest Merino price was 113 d for eight bales of the Algidus clip. The official range of prices at the third Christchurch wool sale was as follows: Merino, 64-70. 60-64: Super. 10£d to 113 d: average, 9d to lOicl; inferior. 7d to B£d. Corriedale: Super, ll*d to- 133 d; average, 9£d to 11. Id; inferior. 8d to 9d. Fine Half-bred: Super, lUd to I3*d; average, Old to llid; inferior, 7!d“to 9d. Medium Half-bred: Super, lid to 13d: average, 9d to 103 d: inferior, 7d to B£d. Coarse Half-bred: Super. 9ld to lid; average, Sid to 9id; inferior, 7d to Bd*. Fine Crossbred: Super, 9d to 93daverage, 7Qd to 83d; inferior, 6id to 7£d. Medium Crossbred: Super, 8d to B£d; average, 7id to Sid; inferior, 6d to 7d. Coarse Crossbred; Average, 7d to 73d; inferior, 51d to 6Jd. Bellies and Pieces: Merino, good to super, 7d to Sd; low to medium, 6d to 63d. Bellies: Halfbred, good to super, 6d to 7Sd: low to medium, 5d to 53d. Pieces: Halfbred, good to super, Sd to 9*d; low to medium, 43d to 7Ad. Bellies and Pieces: Crossbred, good to super, s?;d to 8d; low to medium, 33d to sd. Crutchings: Medium to good, 5d to Bid; inferior and seedy, 2id to 4d. Locks: Merino, 3£d to ~4£d; halfbred, 3d to 4id; crossbred, 2id to 3£d.

DISTRICT STOCK SALES

AUCTIONEERS’ REPORTS Auctioneers report on stock sales held throughout the district during- the past week as follow: The New Zealand Loan and MercanS'- 1 ) cy Company, Ltd.—Sales were held uurmg ike past week at i'ukekohe (cattle ana pigs;, Westfleld sheep tail(store sheep and rams), and Tuakau sheep lair (store sheep and rams) .if OI aU descriptions sold readily at late rates. There was good competition lor tat and store pigs, Westeasiiy being maintained. At both Westfield and Tuakau there was a steady demand lor breeding ewes, store wethers and lambs, values realised exceeding vendors’ expectations. There was a good demand tor -Koniney rums, oilier breeds being somevvnat neglected. We quote; Dairy cows and heifers, close to profit , to y l4 10s; others, £S to’ 7-.1 r lbS; buck ward springers, £'l to i. J os; aged cows and inferior heifers, 1- 10s to £lj 16s; bulls, 1)4 to if 11 10s, according to weight and quality; store and boner cows, £ 4 10s to £ 7 10s; weaner heifers, i 1 10s to 13 17 S 6d; weaner steers, £2 to £-1 XL's 6d; yearling to 18-months hellers, £4 to £8 6s tor best; yearling to 18-months steers, £& to £6 17s 6a; 2 to Si-year-old steers, £7 to £8 15s; 3 to 3i-year steers, £0 to £lO ss; grown lor ward steers, £lO 10s to £tl 10s; store wethers, £ 1 Is 0d to £ 1 4s 3d; 2-tooth ewes, £.L 2s 6d to £1 3s lid; 4 and 6tootli ewes, £ 1 3s Sd to £1 9s; 4 and ewes, £1 to £,L 8s 6d; soundmouthed ewes, 14s to 18s (id; other owes, 6s 6d upwards; store lambs, woolly, 11s to £1; shorn, 9s to, 17s; Romney rams, 2-tooth, 4gns to TAgns; 2- Southdown, 4gns to Bgns; other breeds, lfgns to 3£gns; other rams, IDs to £ 1 6s.

BRITAIN’S TRADING

Alfred Buckland and Sons, Limited. —During the week we held cattle sales at Waiuku, Tuakau and Wellsford, sheep and ram lairs at Westfield, Cievedon and Helensville, and pig sale at Tuakau. There were full yardings of cattle, which found ready buyers. More than the advertised number of sheep came forward at Westfield and Cievedon, and good clearances were effected at values which were on a par with those ruling at Tuakau on the previous Monday. Best dairy cows made £lO 10s to £l4 10s; sec-ond-grade cows, £8 to £lO ss; oilier dairy cows, £6 to £7 17s 6d; best springing heifers, £9 to £l2; other springing heifers, £5 10s to £ 8 17s Od; empty young cows and heifers, £ 4 5s to £6 10s; store and boner cows, £2 10s to £6 15s; fat cows and heifers. £6 10s to £lO 15s; fat steers, £lO 15s to £l3 12s 6d; three to four-year-old steers, £9 to £lO 15s; two to three-year-old steers, £7 15s to £8 17s 6d; yearling to two-year-old steers, £5 10s to £7 15s; weaner steer calves, £3 10s to £4 4s; weaner heifer calves, £2 10s to £4; first quality 18-months-old in-calf dairy heifers, £8 10s to £lO 10s; other in-calf heifers, £5 to £8 ss; cows with calves, £7 10s to £lO 10s; heavy bulls, £8 10s to £l2 15s; sound young herd bulls, £5 5s to £lO 10s; other bulls. £ 3 to £5; two-tooth ewes, £1 5s to £1 14s; three and four-year-old ewes, £1 6s to £1 7s 6d; four and five-year-old ewes. £1 to £ 1 7s; older ewes. 15s to 19s 6d; 'cull ewes, 9s to 14s 6d; fat wethers, £1 5s fid to £1 7s; store wethers, £1 Is 6d to £1 ss; woolly lambs, 12s 6d to 18s; shorn lambs, 10s 6d to 16s; two-tooth Romney rams, £4 4s to £9 9s; South - downs, £3 3s to £8 8s; English Leicesters. £3 3s to £G 6s: Lincolns. £5 5s to £6 6s; aged rams. 10s 6d to £2 2s. The North Auckland Farmers* Cooperative, Limited. —We held a very successful sale at Maungakararaea on Tuesday. There was a splendid yarding of cattle and the calves yarded were probably the best line seen north of Auckland for several years. All classes of cattle sold readily with the exception of coloured steers, which were hard to quit at late rates. Bulls made from £4 to £ll ss; fat cows. £6 10s to £ 8 15s; boner cows, £3 15s to £5 ss; store cows. £2 30s to £4; 21-year steers, £7 5s to £8 19s; 11year steers. £5 5s to £6 ss; springing heifers, £5 15s to £8 12s 6d; good Shorthorn steer calves, £ 3 to £3 15s; fair steer calves, £2 os to £3; heifer calves, 35s to £3 ss: Jersey heifer calves, £2 5s to £4 10s.

AUCTION NOTES

WOOL GROWERS CO-OPERATE

Reed. 11.10 a.m. LONDON, Wed. The suggestion ot Mr. Maurice Durrulle, president of the Wool Federation, was favourably received in Bradford, as it has long been felt that the federation is uot working no completely as it might do. If Dominion woolgrowers are to be represented at yearly conferences, the secretary points out that countries wishing to join must apply.

TRADE WITH AMERICA

STEADY INCREASE SINCE 1914 TOTAL FIGURES COMPARED From Our Resident Reporter WELLINGTON, Today. Trade between the United States and New Zealand is increasing, according to a letter received at Tuesday’s meeting of the council of the Wellington Chamber of Commerce, written by Mr. E. C. Squire, United States Trade Commissioner in Australia, to Mr. F. H. Bass, secretary of the Associated Chambers of Commerce of New Zealand. “Take the pre-war average figures of 1911 to 1914 as a criterion,” stated the letter. “It is generally assumed by the best authorities that condition!*; in those years were considered normal. During that pre-war period the United States shipped to New Zealand directly visible merchandise worth £1,560,000, and imported from New Zealand a value of £760,000. During the calendar year 1928 the United States shipped to New Zealand £7,200,000 worth of merchandise and imported during the same year goods worth £3,840,000, indicating a steady normal increase in the business both ways.

“To be exact, v the trend has been slightly in favour of New Zealand, as it will bo noted that New Zealand shipments of merchandise to the United States, according to the United States import figures, increased fivefold, whereas the United States shipments of merchandise to New Zealand only increased four and a-half fold. “It will be understood that this does not take into consideration indirect shipments nor invisible items'of trade. For the year 1928 the United States purchased through other countries 75 per cent, additional New Zealand wool than was shipped direct from New Zealand. There is no doubt that large quantities of other merchandise, such as hides and skins, which, like the wool, finally reach the United States through indirect shipments, but are not so easily traced as the wool shipments (these indirect purchases not being credited to the American-New Zealand trade), would unquestionably alter the visible figures very decidedly in favour of New Zealand.

“Incidentally it might be mentioned that during 192 S United States imports of New Zealand products were admitted to the extent of 55 per cent, free of duty. Among the items admitted free were turtles, sausage casings, cattle, hides, calf, sheep and lamb skins, leather, rabbit pelts, kauri gum. oil. seeds, flax and blood fertiliser.” 1

BOARD OF TRADE RETURNS Reed. 10 a.m. LONDON, Wednesday. The Board of Trade returns for January show that imports decreased by £14,692,000, exports by £8,617,000 and re-exports by £1,636,000. The principal decreases in imports are: Grain and flour, £1,841,000; food and drink, non-dutiable £2,270,000, dutiable £1,590,000; raw cotton. £4.456,000; wool, £1,547,000. Exports’ decreases are: Iron and steel manufactures, £945,000; machinery, £621,000; cotton yards manufactures, £2,906,000; woollen worsted manufactures, £1,114,000; vehicles. £1.796,000. The principal increase in the imports was oils and fats, £1.636,000. Exports of coal increased £1,234,000.

Palethorpe and Parkes will offer for sale by auction at their rooms, Winstone Buildings, Queen Street, tomorrow, Friday, at 11.30 a.m., two properties at Mount Eden. At 7 Penryn Road, a bungaloAv of 6 rooms with all conveniences and garage; beautiful garden. At 9 Ashton Road (a mortgagee’s sale), a house of 6 rooms and all conveniences; section in very attractive position, close to trams, just off Valley Road, Mount Eden end; £IOO cash and easy terms.

Closing Quotations at today’s midday Buyers. Sellers. £ s. d. t 5. d. BANKS— A ust. of Commerce . 1 5 1 u f. Australasia 1 L 6 0 12 H Com. of Australia . 1 J. Ditto (rights) 0 4 Eng., Scot. & Aust. l«t 0 0 Nat. of N.Z 7 Nat. of Australasia . 35 7 t; Ditto (con.) .. .. 7 3 2 0 17 0 New South AN ales . 40 0 41 0 0 New Zealand . . 1 7 IS G Union of Australia . 1 L 17 G 12 0 0 INSURANCE— National t 0 14 0 ft 14 ft New Zealand .. . . 2 4 6 Queensland 2 12 0 13 « South British .. .. 3 0 6 * 2 0 DOAN AND AGENCY— Dalgety and Co. .. 12 5 0 Dom. Bank and Invest — 1 0 Ditto B Shares .. — 0 1ft G Farmers* Co-op. — 4 1 ft Ditto A (pref. l 0 17 0 Ditto B (pref.) . . 0 1G 0 «ioldsbrougrh. Mort . l 14 0 Newton King (pref.) 0 11 0 N.Z. & River Plate 1 10 N.Z. Guar. Corp. . ft 8 9 TiOan and Mereant le 100 0 0 N. Auck. Farmers Co-op. <ord.) .. .. 0 Ditto (B pref) .. 0 0 0 0 11 0 COM,— Grey Valley 1 5 0 Hikurangi 0 1 6 0 G Ditto (pref.A . . . . 0 4 0 Ditto (A. pref.) 0 0 0 ti 0 Pukemiro 0 12 3 Renown 0 14 6 0 Hi G Ditto (pref. ) . . . . 0 3 G Ditto (new Issue.) 0 X I Taupiri .. 1 S 6 Waipa ft It AA estport Stockton . — 0 2 9 GAS— Auckland 1 2 7 1 8 Ditto (con.) .. .. 0 17 3 0 17 G SHIPPING— Devonport Steam .. 1 D 1 4 s Howard Smith.. Huddart-Parker 0 0 Northern Steam 1 4 G Ditto (con.) .. . . 0 7 0 P. & O. (dcf. sto k> 2 7 G — TIMBER— Bartholomew . . . . 1 1 0 Kauri Timber 0 1 6 n Ueyla rid-O’Brien l G National 0 S 3 Parker-Lamb .. .. — 0 17 6 BREWERIES— C. !<. Innea .. . . .. 1 1 0 Ditto (pref.) •- .. 1 1 0 — N.Z. Breweries . . .. 4 4 0 4 5 0 J. Staples — 2 L0 0

Montreal, dol. .. 4.90 i-S 4.91 4.S66 New \ork, dol. . 4.SG2 4.S6 7-16 Paris, fi* 121.19 124.02 124.21 Brussels, belga . 34.90o 34.905 35.00 Geneva, fr. .. 25.20j 25.195 Amsterdam. fl. 12.12 3-S 12.12$ 12.10 Rome, lire . . . . 92 90 92.91 92.46 Berlin, r.m. .. 20.3G.J 20.365 20.43 Stockholm, kr. . 18.13 1S.125 18.159 >slo, kr IS.21 3S.21 'openh.igen, kr. IS. 17 18.19 IS. 159 V ienna, sch. . . 24.54.) 34.545 34.58i r'rague kr. .. 164.2j 3 64.5 2 1.0 2 Helsingfors, mk. 193.,* 193.5 192.23 Madrid, pes. . . 37.875 Lisbon, oscu. .. 10S.2u 1 OS.25 Athens, dr 37u 275.00 Buckarest, lei. . SIS SIS I. Janeiro, mil. 5 17-32 5 5-S R. Ayres, dol. .. 43 3-8 43 47.57d ’aleutta, rupee 17 29-32 17 29-32 ISd Shanghai, tael .. 23i 234 Hong Kong, dol. IS} 1SJ \okohama, yen 244 24 7-32 24.5Sd Batavia, 11 — — 22.10

calJ were: — Buyers. Sellers. ll s. d. £ s. d MISCELLAN ICO US— Australian Glass . . 2 4 0 Aust. Iron (pref.) n 19 6 1 0 6 British Tobacco Burns, Philp . . 1 IS 6 Bycroft. Dtd i 11 6 Colonial Sugar .. .. 43 10 14 6 Dental and Medical 0 10 ft Dominion Pictures . 1 ft Ditto (pref.) .. .. 1 0 0 Dunlop Perdriau 1 1 Electrolytic Zinc (ord.) 1 11 0 1 31 9 Farmers’ Trading . . ft s 3 0 Ditto A (pref.) .. 0 14 ft 0 17 0 Ditto B (pref.) .. 0 12 0 0 12 9 Fullers’ Pictures 0 IS 0 Hamilton Theatres 0 IS 0 Henry Jones Co-op. 1 10 0 Milne and Choyco (deb. stock) .. .. 1 ft Morris. Hcdstroni (pref.) 0 IS 0 Farmers’ Fertiliser . 1 0 K.Z. Paper Mills .. 1 0 6 N.Z. Refrigerating . 0 10 K Robinson Icecream 1 4 1 Sanford, Dtd 0 16 Ditto (pref.) .. .. 1 ft 0 S. R. Maxwell . . . . 0 4 9 0 9 0 Taranaki oilfields . 0 1 3 Union Oil 1 0 Whittome. Stevensons 0 Wilsons Cement 1 IS 6 1 19 6 MINING— Alburnia 0 0 3 0 ft 9 Moanataiari (pd.) .. ft 1 (i ft 2 Ditto (ls6d pd.) . 0 1 0 9 Ducky Shot (4s pd.) 0 2 0 Ohinemuri (ord.) 0 4 0 Ditto (pref.) . . . . 0 Wailii ft 13 4 Wai>. i Grand June. . 0 1 ft Mount Dyell 1 15 Kuala Kampar Tin . ft S ft 9 Kampong 1 2 0 — DEBENTURES— Anck. Har. Board. per cent 97 Ditto, 6 p.c 102 City of Auck, 1940. Bor. of Devonport, 0 100 0 ft Bor. Mount Eden. 6 102 00 Bor. New Plymouth. 1933, 5i p.c. .. .. 9S 10 0 Bor. of Hamilton, C . ICO 0 Borough Mt. Albert 1963, 52 p.c 100 0 0 102 0 W illiamson's Films Gisborne Sheepfarmers — 9 4 0 0 GOVERNMENT BONDS — War Loan, 193S, 4J 99 0 ft Ditto, 1939, p.c. 99 0 ft Ditto, 1941, 4i 99 Ditto, 1933, 51 .. Ditto, 1933, 51 .. 99 Ditto, 1936, 51 p.c 99 10 0 99 10 0 INSCRIBED STOCK War Doan. 193S, 41 99 0 ft 99 Ditto, 1939, 41 p.c. 99 0 0 Ditto, 1927-41. 5} Ditto, 1933, 51 .. Ditto, 1933, 51 p.c. — 99 5 0