FINACE AND COMMERCE.

Dominion, Volume 1, Issue 16, 14 October 1907, Page 9

FINACE AND COMMERCE.

'■>■■:. :JZ , SH^^§KET..';:r;; , ;;;\ , '' :

■ ■ Last -week'-terminated -with.'-rather.-a .better tonei'ahd brokers'were', able to repeat several eales'on Saturday. r ; Wellington,;Trust.andLoaii had-quitt&nce atJB7 10b., which shows■an. improvement of. 25.-per share pa..tho .transaction Recorded:.. on.-, Tuesday ]'£7 \ 105.,'. the; yield'to the investor -is"jes Gs. Bd. Chnstchurch Meat',shares were transferred.at- ! aio-10s.,"tho . second' , sale "reported-''during I, the-.week; at- the. iprice.,'■Most l actiVity r was shown in theimining, '; section;'no'less'than'five sales being reported. .Waihis 1 changed hands at:.£B-Bs., as compared: within'lls. 6d;;in'!the week previous., .Tairua Triumphs; , 3d. paid.up, soldat 15..6jd., Haur- ■ ■■■ekiiSpeoials at.ls..Bd.,.Karangahake at 6d., and ■ Ngatiawa at 2e. 3d. Ngatiawas havo' exhibited a hardening tendency for some days past. 'The buying A'and - selling offers. wore rather more than usual. National Bknk shares - ; were wiinted at. : 'je5 !; 8i;;" sellers;'asking '£b : -9s'.V while for" Bank' ; of:'Now! Zealarids'; sellers' were firm'trti^lO. , In'tne financial-section-National !MdHgage "shares were in'demand at; .£3 3e. ■ For Loan'- and : ''Mef cantile.S sellers: :were.; willing; L to accept , |is.':9d./while for Wellington Investment 12*.). 3d: .was; asked,, and for Wellington Trust : arid'; Loan,; £7,; 105..,-There, was a,'; little more , ! - ; business. offering in Gas:'shares...';' Buyers; bin; 175.-for/Foilding Gas, .£7 2s. 6d. for Palirierstori NorthrGas/'and 'for Hbkitika' Gas;Apart Vfrom'the" sale 1 of "Christchurch ( /Meat' '. Bhares, , the'pnly other call was for Gears ati47s.;' Westport 'Coal 'shares were , wanted'at. JS7>l4s.' ! 6d'f;- ;; and l Wellington' Opera House ; :at; £5 :10s., TKere'were sellers' of WellingtonrandiMana-watu-Bails at ! 42s.,^Wellington,Steam Ferry.nt 'les./MosgielTWoollen at,6os., D.I.C. Preference ' at i 235., s and /at. 13s.' Gd..' Talismans; have- firmed slightly,, buyers.",offer; . -ing-.4f>s. 9d., Awhile'6elle'rs"warited 475. 6d. '' ' . The'sales for the past' week "were:—Weltirig- : ton' Trust' "and Loan,' i£7- 'Ssi'-<£T lOar/J* Welling-' ton Woollen, Christ.church' Meat . ,: 105. , ,- , '■ , Ordinary, 55.K3d.-; Waihi, .£8; ' Bs;'; v Taiisman';'4fis;;'i6d..; ! 46s.- 9d.-;. : Niratiawa, 25., , Id.;-2s:'i3<i« ! ; Tairua-Triumph, ; 'ls.,,6id..; ; iHauraki. Specialfls. Bd.;:and-Karangal»ake, ,6d..,;., ',?.-■ , ■r. : :''■■'■ THE MONEY MAEKET.-, ' -V > The Bank rate of,discpunt ie i\ per cent.,, as against. cent.,on "August'lS. : The open . . market.'.discpunt rate .for best three' months' bills'.-'!? ' iei'/ , 25.'-,''6d /( ' per" cent.,, -being "Iβ: 3d.. higher,than, last'week;-;';''' ':;' : V^' !! ;;' ■?; ■■•"■[■■} : ,Tnere 7 is~a ■further'''(iron in"tho'nietal.'re-' serye,,,pf,the Bank of England, '.the, shrinkage for , ; the -past week being, .£1,720,000,' .while , for ' the ! ;!fortnight''it "ampunts to .£3,431,000:' Tor' the'corresponding fortnight of-last' year'the shrinkage'-. totalled 5 I■'and»the.-,-bank- . "rate .was iraiscd'to '5 per cent.- 1 on October,ll,; : 1906;' I'The •;■ position ■> is • i 'certainly; iuyuch- < inbre favourablo ; . this -year, l the ■■ proportion of.'.ro- 1 ■ eorve .toPliabilities' being ,46.51 per :cent...as against 35.45 a yeaivago. ;, jfoney,.is.apparently somewhat scarce in,the open' market, ,arid the bilj.(-bfokersvof .Lohib'ara Street. , have been . forced, to advancethpir.'rates to JB4;2s;'6d. If outside .influences are "not,'adverse,'we'may-get' through; without :a.5 percent; "fate, but;"with , . the'j'illness' of'.the 'Enipefor of'Austria 1 causing depression -oii'-tlie. Bourses,'; , there'can be-no reliance,', placed' upon thp"■■'situation. , ;: havej a' 'very '. i'disturbed '■■ market r,for.:' gilt-edged' securities, with a.rise,in contango rates,-.or we, may ::.have* quietness making for easiness in themoney. markefc.So far the -London. Stock JV change has exhibited, iio change! There is an. improvement',of 175., Gd..';in Cprisols.'.but ;this. '■■ ya_s,fl l etified.;ih a .'.previous cablej the' message. . - oping .mutilated. - ; in, transmission; 1 making" it' - ' eppea'r'that tho"advancp was'l7s. 6d. ''' ■'"''' ■■'<>; f;y- -■.;'";'.■OTHER' MARKETS;;' ■;. ■■■■■ ■-. • : '\-".TheJ;ine'tal';markete appear to 1 be very-nnich • deiiressed.'Distant .copperis 55. , '-lpwer.'lead'J's. 6d. y 'lovror,' .tin '(forward-delivery) : 405.-lowei , , Piß'iron Is. 2d. lower, and silver l|d. lower. • lliv. tendency, is idownward, and each , decline makes: the position more diflicult, .In a .falling market those who would otherwise operate hold off, in the ..expectation of a further shrinkage of values. , Wool, butter, and wheat have advanced or are very, firm, and _ this 15 jtlie. most..interesting feature so far'as -... Tra'a're concerned; '■ ' ' - COJ.ONIAL'AND OTHEE PEODUCE. '■'• jbeet,: 9ii. ;'8d;;-first'■■' mark, , - granulated,. 11s. 7d. -•' ' ■'-•'" '■Wool.—Bradford wool strong, witli good enquiry.. .Forties, ICJd.; forty-sixes, 17W - common 'sixties,' 28d. j' super, 29d; ■ . ' ; Wheal—The wheat .markets are very strong, owing, to.the'continuance of unfavourable reports;'froni India;; Australia, Lnd Canada. There is a general prospect of snjlplies .being insufficient. Two Australian cargoes soldsat--435. and 43siSd. respectively.': Holders are ask ing 4-Js. for old Australiait for,shipment, .but- , little-is oiTering.'- There hayo-been .many sales of. Californian blue stem 1 iit from 41s. G(l. to 41s.'.fld." 1 Australian on'spot'is in good demand at 425. 6d. to 435.; Neiv.' Zealand (nominally) 40s. to 41s.'for shortberried; ahd'-ils. .to 425. for longberried.',; . •- .-•'-■; .:■■■ , : -.-. Flour.—Brisk, Australian iu London, has been , sold -at'2Bsv 6d... and-iri Glasgowafc -30s. i ■ ■' Butter.-Tory ■ firm, 'Danish; ,119s: to 121s. There is strong enquiry. Choicest■ new. colonial (salted).-is at 112s. to Il4s. ; ainsalted, .1145.to" 116s. There- , is 'a, steady demand-for :'-est stored at 102s. to 104s. • Other sorts .are neglected. ■'-~'', : i-, . ■;..':j ; -..' ;. f .,.:. v METAL MARKETS. '\ .•; ~ ' ; ; ' Copper.—On spot, JE62'Ss.j.', -three"months, ss. • ~,; j-,;... .. -Tin.—On spot, .£148;; three months,' j>l44 "lss ' Lead, .£2O 2s. Cd., ... .... . . •'. '■ Iron,'/545. Gd. ~,,-. ,-': ~,,,..'. !■. Spelter, 17s. Gd. '.:... ;" ■ '■ ;" ' ' , , Silver-is ; now:quoted at 2s. 5,.3-lGd. . -. ', ~;',.,;,... ~- ■~',-. NOTES. ' ■.■■■■■) Statistics which have'- been compiled by "Lloyd's Register" show that during the year MOG nearly a thousand vessels, aggregating close upon 817,000 tons, were lost. Of the total, about' 400 shins, of 509,700 tone, wero steamers; and ' about 000, of 307,300 tons/were sailing craft. Taking into account the relative, size of the two classes, the'loss amongst sailing vessels 1 is mnch higher than that, amongst steamers, the jespective proportions, based on -tho tonnage, being's.4o and I.GB per cent. The wrecks in the previous year represented a loss of 900 ships, totalling 792,000 tons. -More, than 40 per cent. Of the losses in 190G were the 'result of strandtogs and'similar .casualties, and a further 25 per cent, was due to'condemnation, breaking np.-etc; Of the ' remaining causes, collisions wero 4 responsible for, 11: per cent, of steamers, ' and abandonment at sea of 11 per cent, of -sailing craft. Notwithstanding Great ■ Great' Britain's vast merchant navy, this head-

.: ■ , ■- ' s , ing exhibits relatively less-loss than that ex- j ■ perieiiced by other big maritime nations; The ) loss ;was : 1,42 p'er ■ eont; of. steamers in -1906, i f-,.whilst the, loss, on -six other .merchant-navies, o 1 of over, 1,000,000 tons each, with 1.G3 per cent j ',- The average of the yearly perc6ntages of actual' t V losses by the United Kingdom.during tho past j i , quinqennium works...out at ,1.61 per cent., i ■i and that of the;other six'navies'at 3 per lent. • i .These figures refer.to real losses, and ,do'nqt - ■ include. cases of -coridemnation,' breaking up, t i etc., and, as far as Great Britain is;concerned, J [• reflect , credit 1 on the.nation's seamanship and i .. -the efficiency of its marine legislation. , [■ : As a consequence of the more general, recog- [ nition of tho value of currants, not only from ' a dietetic,.-point of, view, 'but also in wine \. making and:.distillation, the', growth of; the ; demand for this fruit in all. parts of tho.world ' ■ has of late been considerable. This has brought ' [ -into [prominence in Great 'Britain' and -elser ■' where the question of keeping the price within 1 reosonable limits.\ In this conneotion it,is,in-. . 'tefes,ting io.note -~ that a ~new-, law has been '■' passed ; by "the, Greek-Parliament, the purpose. , .of , which is , ,to regulate the distribution as be- ; tween requirements'for grocery purposes and , [ distillation-in such a , mariner that neither ', branch .of; the industry shall ; -be -adversely ; affected:; -With this object in , view a very in'genious arrangement, has. been arrived ■ at, ■ ' whereby, after a certain-proportion of the : 'crop'has. been shipped,: any .stringency conse- , ;; 'quent on shortage of supplies'or abnormal; in- • : ' crease in demand,'shall be'relieved aiitomatio ■: i ally by;'a' relaxation of the'hitherto strictly- ' ■ imposed retention laws: The effect ! of this legal ; .modification will., be ■■that iin such 'event a' ' grower,: if : it. suit his purpose,- , may pay'his , ' 'coniributiqndn. money,;instead of, as at'pro- ■ sent, handing over, the actual fruit to.the cur;rant bank—the institution by.'means of which ■ supplies are regulated/;, : V ..... ■ Lloyd's-'fece'ntly'.offected''an?iri'siiranco policy • :,- -.for to cover several battleships be- , .ing.ibuilt for.'.the Brazilian Government,""but ..thought, to., bo, ultimately, designed • to' , streng- , . ,then, : ,tho ;Eiissian,.Navy.'' , •■ ■ -■,— -■ ■ -■! 'j In the, opinion -of leading .financial -authori-, ties in 'London, however much .the circumstances " surrounding the guarantee to the ' Transvaal , loan for .£s;opO,OpO, may be; , disliked, ° the'purpose' for which a 'portion : is" required' *- is certainly admirable. ! ' 'Of" the total-sum .:,^2,500,000-is-;to be-devoted , to the formation ■: , ,and support of a land bank, which', after a careful investigation, it was considered advisable to establish in the country. . This-bank . wpnld afford one means by^which, the. agricultural position would be improved-and assisted.Its effect would , bo, hvofold,. for it will. afford' ' farmers "who possess good security, and ,vr,lu- ■ able property reasonable rates for any money they ..-might borrow;' and there is tot likely' .to,be any,-sudden foreclosure for a-Stated; ■ period..of-years.-. ;■; The idea of , this: bank : omanated from Lord .Selborne, .who appointed . a commission to inquire into the matter.. That • commission roported strongly in favour of the ; scheme,' only it 'recommended that -not be devoted to,the pur- ■ pose, ' and ■ it made' many elaborate arid de- : tailed recommendations for the working of the bank.-.'so as to I safeguard the interests of' the State. Those recommendations havo been em- ' bodied in a,Bill drawn up by tho Transvaal Government,■.,which is thus made-custodian of- the , money to be. dovoted ,to,' that purpose. ■ : According to statistics which have just been' ; . issued for. the year ended Jurib 30, 1907, the ti , production 'of ■ rubber throughout the world amounted to 74,023 tons, as compared 'witli 07,999 tons in tho preceding harvest year. The world's consumption is stated to -have. been: G8,173 tons, as. against .62,574 tons in 1905-6, and the .stocks oxisting on June 30, 1907, are J put afftlM.tons, as contrasted,with 5352 tons; at the corresponding poriod of. 1906. The ar-. 3 rivals of all qualities-of rubber in' Europe, which are included'in the foregoing totals, ri reached 36,547- tons in the past year," as coin- -. pared . with 37 ; 486 : tons in -1905-1906, arid the arrivals in tho United States wero 32,730 tons, : aß.. ; asainst 25,590.. tons ..respectively.',, ; These Bgures'.show remarkable progress for-the lat- S ter country, simultaneously, with a declirip in the snipmerits'received in Europe ,'The past two" years represent an "unmistakable , down- a ward movement in the prices of fine Parai which reached-the highest rate of ss. B|d. po- ' lb. in the year 1904-5. Tho'quotation for the ! ISOS-G-.harvest" opened at,.55.'7d., and closed n at.-. , ,55.. 1jd. ..In July; .1906, tho rrate 6T ss. Ojd. was touohed, but a perceptible reo'overy P took.,place,; and in January, 1907; the price attained ,ss. :2Jd. Sincothen a ; retrogression has occurred, the lowest point being reached- \ m 4s. GJd. in June, although the harvest year terminated with a slight advance to is. 7id. pbr lb.'••■>.- ■-■':■■ '■;■■■ '■". ;■" ' A: heavy reduction in stocks of pig iron has . taken place in the United ■ -Kingdom during T , the -laet.lirelve:-months. ' E'eceht- statistics i*™ th , nt 0? August U.last there were,only tons in,store, as compared with 622,000 tons at the beginning of tho year,: and 710,000 E K 8 , 0 , 11 August 14, 1906. ; At. the last-named S^F of -G-M-B/s, No. 3 MiddJesboro', S as compared with £2 16s. 4d. in August of v : -&*?"?"■ : w .' th such a Vait decrease in S u n periods,'the fact that p there, should only be a diiTerenco of a little ,over.,as.. fi per.,ton in the prico is looked upon k as significant. ln well informed' eircles. ; The ' . snspension of many projected railway oxten- ti «pns in, America 15 enaWin? tli# smelters in I thai country to supply local requirements, and n ™ P n ? "* f/'S "•on from.Great Britain are not regarded as hkoly to.be"made during cl the autumn. Tho demand from Germany, too 0 -.was reported to be visibly slackening, and ? although the domestic.coneumption of pig iron in 'Great■ Britain continues large, manufacturers of.certain lines> are not finding enough now business to .Mo the viae? of orders nearing completion. .The> fact that makers of^ig . iron in the,Umtod_ Kingdom , .did not increal • their works at tho time of the American boom will enable thorn, to view any lull in tho ' foreign 'demand , with to ernblo equanimity 1. ■With coal, at present prices, the cost of pr& k ' duchon to the ironfoundor must bo consider ably highor, than it was twelve months aeo and ~vet in some quarters' a lower level of sl values for crude iron is considered probable v ■ , .: , -.- -.- . . ■- ■•.-.- ■.■".. If AUCKLAND STOCK EXCHANGE. ; (From Our Own Correspondent.) J , Auekla'nd.'Ootobor'lS- n ■With' reference to tho W6llincton mossairo published on Saturday to the effect that Sir 1 Poland,-M.H.E., was to ask the Minister for Mince if he would take .stops tp confine the *l operations of tho Auckland Stock Exchange * to its.;legitimate functions, Mr. E. Anderson, r ; vice-chairman' of the , Sharobrokers' Associa- * tion, who wns seen in the absenco of the * Chairman (Mr. G. A. Buttle), makes tho re- v

joinder that if Mr. Poland, or nnybody else, will make a specific charge, the Auckland Stock Exchange will reply to it. "What we are trying to prevent," ho said, "is the promotion of 'wild cats.' All we want is to givo the public a fair run for their money by preventing promoters from receiving such a bulk of shares as tc be ablo tc afford to sell at a penny, where the public have to pay sixpence or moro. So every company, boforo it is quoted on our sheets, is submitted to the Committee, and, provided the terms aro considered fair and reasonable, the shares are quoted. Wo want to prevent mining claims previously unworked, and of no value, being floated by people who get about 50,000 shares out of, say, 150,000, and-immediately proceed to unload at about a penny." CUSTOMS RETURNS. The Customs returns for Saturday ,£1527 10s., made the total for tho week .£18,029 7s. id. The beer duty collected for the week was ,£4OO-68. 3d. ;■- . MARKET REPORTS. ■ Messrs A. H., Atkinson and Co., Ltd., report :—At our Friday salo we had, considering the boisterous weather, a good entry of piss of a fair class. Rough sorts met with poor demand, but good quality sold at lato rates. With the exception of a lino of Yorkshires, the stores offered wore of poor class. Owing to the exceptionally rough morning, no poultry -amo to hand. A good, demand: exists for table sorts. There is continual inquiry for cabbage nd cauliflower plants. Quotations.—Pigs—weaners 10s., 10s. Gd., lls.; slips, 12s. Gel.,- 135., Us.: stores, 17s. Gd., 235. Produce.—Potatoes, pig, 3s. to 3s. Gd.; eating do., 45., 55., 6s. Gd., Bs. Jd per sack. Rhubarb, 6d. per bundle. Bacin (factory), sides, 7Jd.; hams, 7jd. ■ '," .... ' Pahiatua,'October 12. The pig market to-day was spoilt by the inclement weather.: Thero was only a moderate supply, and •' few buyers. . Weaners went at from Bs. to 125.; slips,' Us. Gd.; and small stores 18s.- The quality, on the whole, -a; poor. , ■ ■ -'■'•,■ ' ; A BROKEN HILL .DIVIDEND. (By, ■ Telegraph.—Association.—Copyright.) Melbourne, October 12. The Broken Hill Proprietary has doclafeda quarterly dividend of Bd., and a bonus .if a similar amount per sharp.. - - ' WHEAT AT FIVE SHILLINGS. ■■'.'. .'■ Sydney, October 11. Wheat has advanced to ss. . ■'■• DREDGING RETURNS. ' . . By Telegraph—Press Association. ■ mi. in '■'•" ~ . Ddni :din, October 12. ' ■■■ The following dredging returns are to hand: Mystery Flat,'7ooz. 2dwt.;Koputai,63oz.lsdwt.; Waikaia, 526z. Bdwt.; Central Chai-lton, 41oz lOdwt.; Masterton, 30oz. 18dwt.; Electric No. 2, 25pz. sdwt.; Molyneux Kohinoor, 246z. lldwt.; New Roxburgh Jubilee, 240z.: ldwt. 12"f • Electric N0,.. 1, 220z. .lldwt.; Kura,, 210z.: 9dwt.; New Perseverance No. 1, 21oz. 2dwt.j Switzers, 18oz: 12d\rt.; Charlton Creek, 18oz. 2dwt ; Garden Gully, 120z.. lldwt. Dredging Returns:—Rise and Shino I, 240z. Sdwt.; Golden Bed, 20oz. 18dwt.;' Royal Waimumu, 20oz. -Idwt.; Clutha River, 180z.; Waikaka Queen, 170z.< : •.-•'. .-.••-.-..-.• ..,;,BANK .OF ENGLAND RETURN.:' ■ BY TELEQBAPH—riIESa ASSOCIATION—COPYRIGHT. mi. -nt ' ',' t, ' , , London, October 10., The Bank of England return issued'for tho week ending 'Wednesday, October 8J is as under:— v .;. ....; -..-.., ■■' " ' Isaxm Dkpabtmeni.!' : Notb Issue f52,387,000 Gov.dobi ' £ 11,015,000 ' " " ' Othoraocuri- : .■■-..■-.■ . ties .... 7,4 M,OOO . ,-.■ ;•■ : .: ,■,; ■ . Gold ... . 3^.033,000' _ . / . -' i£52,38T,000. '' ■ - £52,387,000 . ■' : BAsimia DnPAimnsKT. Proprietors' '■ ■ Qovt. eocurl- . £14,553,000 ties ■:, ... £15,855,000 ■ . Pnblid ae- \ ■. : . . Other seouri- ' ■ posits ..:. 6,6-13,000' ties .... 20,658,003 Other ae-' ■ Notes ... 22,8-25000 . posits..., tt.aOO.OOO.'Cola... ■■;..' 13UO00 • Beat, 7-day .■: . andothor " " ' '"■ •" ; • bills ... . 3,857.000 . ~. . £69,653,000 ■■, £09,653,000 The leading items, of the Bank of England : return, afford the following comparison :— •■..■■'■ * ■"' ■ This woek. Last wook. Lost year. ■ . • ■• . . .5 ... £ ... £ .Bullion... ... 33|938,000 35,658,000 27,726,000' Bescrvo ... .... 2-1,138,000 25,636,000. 18,200,000 ' Note circulation 29,562,000 '29,920,000 '29,270000 ' Deposits... .... 51,848,000 53,405,000 51,532,000 Proportion- " ' '. ' reservo to ■■ '. ■- : • ... ■ ■ ■ . . (..liabilities./.,. 16.51 ', . 48.66 ■ : 35.45 ] : GOVERNMENT SECURITIES. ; The following are tho latest quotations' for. Government securities : with a comparison of those ruling last week:— . '. : ■ •■•,■■• '.- ■ . '■ . . Variations . :-■: '.: i ■-;■■■■ . ■-, Prico. Co ™f4 rcd . ; . ■ "" ' -' ■ ■' • • ■-.■'■ Iflstweok. ■ ""''■'■ ' '■■ ■ ■ £ i 8 d~" ; '■5 J,5 l m J ) ?v a ; I n£ o ? solß r •■ "' Ts.Od.higher' , ■■?i-»£-S-3J-19I8Miir.Sept 9T-0-0 Unchanged ' -.?"N'S.\V.lß3sApl.-Oct. 85 0 0 Hnchaneed •' Is " v} 0,^?^, " , " ,15 ' -m 10 ° Unchanged : "« i ."S- 0, }51"5o J ? ,I,^uI ? 0810 ° Unchanged »i "T 1 ?- Jao HO 0 Unchanged ,3§,,5.A. 1916 Jan.July 9810 0 Unchanged ••'?' " nm^S«^- ~uljr M ° ° Unohangod »i"S}fm^lST nn -" Ju } ylO4 ° ° Unchanged ! '5* " 2,i §iaU-30Jan.-July 08 0 0 Unchanged . ' 'I "3T d S? Ja ?- July ° ° Unchanged'; ■ i „ N.Z. 1020 May-N0v.... 105 15 0 Unchanged i 35 ~N.Z. 1910 Jan. July... 09 0 0 Unchanged' ■Sr'S' 2 -, l^^?^1115 '- w .'° ° Unchanged ~. . 3i;.TttS.l9aWoJan.-July 08 0 0 Unchanged ; : ■■•?! S i -I^?^?l '" July m° ° Unchanged , / -.31 ; , W.A.192035May-Nov 97 10 0 'Unchanged , 3 .„ W.A;1015-35May-Nov 85 0 0 Unchanged

;• , , ; COMFANY - : FaidP ?:. 3» j& iJV. ''''BANKS. •'■ •■!<••;' '■■• ; i ■■• : i : £■ ' '"£ B/a. £ e. d. ' £ «. d.. J e. d. SowZealand••!•■.«V-f- 2,000,000; 881,675 3\ Si . :1O; : ■•-.■.■• lo '0 0 , i : :H»tionill.v •■'-.-■■;.z^378.000, , 'S35418; Si' 15 . 13 6 8.0 6 0 0 . ' .. . I '.■■■' National ■>'■'- ; :»'-V - '.100.000.; ■•'888.84.11! vi: unltd. 15 I'll 1 7-8 1 T 0 611 1 Neir Zealand •:■-..,:. -SCCOOO; 336,785, :i .8. 10 (J « Bonth British .,-.;.;- 100,000 ,' 319.409: 1 unlH. 30- v Standard'■"-■-■'•' ' 75,0m- , •■ 83,188 ■ 3' nnltd. 10 1 1 0 12 0 . -.. -'FINANCIAIV 1 ':' ' '"1' '■.'' ;-■! ■ ;"i :•■> •"■■■■ ' .■ ' Equitable Building .','• M.OOO . '.: «599 , 6., 5 10 '10 0 0 105 0 Metropolitan Building '21.000 10 nil 7 la 0 0 ... ' . . Wellington Invest. . - SCOCO''- ' ■ '3,933 . ■•'J. ■ •' i 6 013 3 . ; ■Wel'fitonTrust&Iioan ■•lOl.SM' -39.620 5 , : 5 8 7 10 0 T 10 0 5-6 8 -.. KaUrartMorteaee ■••.-;, S0Oix»... ' 118*0' ?,;.:? 10 3 3 0 3 5 0 3 4 0 0 6 0 •. N.Z. and Elver Plato -.1.300,000 -230.308 1 nil 7. 19 6 110, 0 Loan and 157,368 ■;; i ! -.» . .6 0 .C 0 ( • Anckl'ana 0 - 8 ; ' .;! , "s. mil 16.. 14 0 0 14.5 0. - . j Christchurch .-,-,- ,152,000,; . 55,087 ., 5 .n 1 10 , 10 7 6 t FoUding •■■-. '■■.". "10;S05 v '103 -1 . »1 .-. 017 0 0 8 0 017 0 , eiebome 1 '^.;■■•'.-:•!.• )-!l7;100- -9,239, ; ; 1 n>1: ' . . J^.O Hawera •' - < ; • -. ,■ £91 . . 5 i 10 1 1.0 13 0 • .CnUouth::--.:.:. isiooo . ••■..■»!}■ ".', *■« ° Viininr .•■■■'' ' ; "' ■ "■■■■ \, ";..■.. 10 nil 15. 55 0 0 f ■'.*! -■'..: .'I 1 ■ 'J .'j u,ml ,22,517, -5 :.-,5 :. 15 : ■ .16 0 0 . ( ; !::i4 ;i !i-!J '•»• '■" | uc * r ,, ■■.."..",' 02,000 '. ... 4 • 6 i.lO .■■■■;■ .,'■.■' J ; mUingtinMeatE, P ; ; ' I ■',:{' , D f] V ■ ( -,i.Tf ■:■••,, i- . I w> 1 ?, . ■"',' 25' r,,03 ■ 8- 3 6 0 3'7 6 3 5 6 6 S3 : ■'Wtneanni r" : .M !; : .45,850 vU,4M;. .5. ,.nil.: -;8 f.'S" 6 6 "5 5 0 .,-, •'!..., - \v%$8bZuS*:4- ;i7o.o(i)V ; '-i <i <! ;) ■■■' !, ?; ;; -*"g-"-i---o ; - ';■■■/ .■■■■-; i n 7, <?hinnina '■ : .' "473.840 > '113,751.' ". 8/ 'nil.. 5 t> 0.0 ■ ■• ■ , aff :•.-■:■;/: i eOOloOO ,«».. W,. mi; 10 18 10 0 ' 13 10 0 5 8 1^ .' Vgtn.,Bte&mFerry..-. '.:46,250;, ,,- |7 66;. '. 1 _ ni!. b ;018'0 ■:•■:■- s "■WesSort^'^-.'' 1 -■- r 260,000 ■ -'117,aB-!. '8V-.. A \ 15 -714;6; -\ • •■ - : . _: : -.. , ■ $Si :■■'-■■*■■: ■'.'- ■ SaifiCp . '...-.,.■5,339 .. -1, , " .,nll.' 7i ' 0 19:0. . l.'l-fl: '. ... ■ <■ ■ .'; • K&po^ EN C 'I nn:; 6 5 O'o' '.: V, : ;. ' Moatier- :, -: •'::'.' '83,457' -f* 1TJS3 -■■■• : ; Si '.• li : 2i 3 0 0: 3 0 0 ■-' WeUington--. , -■.■:>■•.!'.' £0.000 ■■[ 24.368 :\4 . 1" ( 6 3 s °: .3 ,7 6 ...3 6 0 7 7 8 DonaghyEope ■-■ - 47.000 •..•'—' 10 ml : — . •■ 5 76. , c leylandAofBrlea;' 1 - !; 3S,000<> ; .■"•W.Cffi--' ,"1 -ni : 15 8,5. 6, ,2,6 6 .,..,-. ... ManficbTJlleLime . - .; .7.0CO f. ■■ ■!.[ 205;, ,1; : ml ; 8 -..-.,;. ■ 1--S 0 ■ f ■ •••,-.• ° N.Z.Candlo- ■■ - .- '.10.COQ.-, v , - 1C : wl / - 10 0 0 H.Z.DruS3 --■'- -200,000 '2 .:;ml.' ! , V 7- •. S ,0 O ;,.2 11 0 .;■■.... . .; f® ; ■■*■ --"ii i- , i-5 8 ■"■■■. -:-■■■-■■ -■. '• Wethl'Operitiouee" , ':- - v ;-l.nB-.- ■•■'B.. /ajl ■ -8-- ■■•5.10.--0.' , -- ■•. •■ ■-..•. • ;; , .'Wetn.'Fresh Food . .V28.261- r,;--r.- ; ■; ,.1 ,: ,n}}.: '. ..—: 0,.3.0.. . ; . ■ ,.;.:. Whitoombo & Tombs . 46,250: £0.153 5 nil 10 '. . ..410 0 \ , Bhirland, Limited .„.;.; 48,676 . \-9,311 J 1 . nil : 7i .•'■■:' .: 018,0 ■■ ' . •' ■ ' ■