FINANCE AND COMMERCE.

Dominion, Volume 1, Issue 31, 31 October 1907, Page 10

FINANCE AND COMMERCE.

•the shake ' market^/' y ; ! There was not muoii on Stock Exchange .yesterday, although there' were mpro inquiries;'' Especially for insurance shares. <Aji- • other 'sale of Westport ; Coal shares -at- *7 'i<s. was reported. ;In Dank shares the noticeable feature was the- lower Quotation of sellers .of Bank of New Zealand shares. These -were on offer yesterday at «£9 145., but buyers stick to their former, bidjt of- v For i shiires there time. National Insurance shares were wanted at £1 65.. Od.;:a dividend is just'about due. New Zealand Insurance shares were in, demand at Jtt, sellers wanting £4 3s. buyers of Standards at 21s. 9d.,"and.sellers of South British at yES 15s. Financial shares were exceedingly quiet, with sellers,.of Mercantile at (a.;' New Zealand:ahd']Riyer Plate at 305., and Wellington Deposit at;»10s. ~.<Gas shares ytre : neglected,: Napier'., ,Gas .beings still , on the market at 'i!l6 / ;;ind'- t £3/735"_r6d. for the respective issues. sKayes.Cthore , 'wa"s'; i a single bid'of v Ex-„. port shares •£- 12H. , G(lv ../i)aid-up.> -.Munawllt-U, Bails were, again are.. very scarce,- ' AVestport Coal, shares hie available .at JE7. Paper'. Mills .at ,Mras • Donaghy Rope and Twine sliares'at .£s'li!s.' fid.," while 465. was offered for Lcyland and O'Brien Timber shares, sellers wanting -17s;", Kauri Timber shares"/! 15s. paid,''continue 'firm, withbuyers at 95., and sellers nt 9s. 6d.' There- wero firm buyers''of Wellington Opera House shares at £6, and,Whitcombe and Tombs ; .shares had inquiry a1"j24"65." .

;THE MININI3- -MARKETv-'ii ' Good business was done in mining slgires, the operations covering a greater number of mines than whs the caso on the previous day. Talis-, man maintain a splended firmness, and show a strong' tendency tovmov'e upwards." - Waihis : . are steady,.with salos/at.'JGß...4s; 6d.-:The-follow-ing discloses the posijiohr.; .! ■ Buyer. Seller. Sales.- : 'i' iC s. d; , iE's. d.' £s! d. Y -Talisman ... '2V-7 -6 •' 2' 7 9 .2' 7 G "Waihi ... •...•.-8. 4 G ..8 .6- 0 :8 .4 G "Waihi Extended ... ,—' —- 1 o's 2 , Ngatiawa ... — , 0 111 Karanui Gale- >1 , ' donian ... ... / — 1 ' — 8 1 -'-1 N.Z. Crown ...0 7 0, 0.7 ,6 — 'THE.FINANCIAL CBlsis. ' < " ' Mr. Cortelyou's optimism appears not' to: ; ; ; iaVe.been warranted. The crisis in New York' is not over—not' at any rate when brokers scramble for • loan- money l at*-50 •'aiM* 75' per' cent. The position in ' America is infinitely worso than *it was last week, because > the , panic has spread to other States. New York not being able to- finance the producing States, the,: financial institutions there, are compelled - to close down. The Cleanng-'Jliou'Sesiare i'ssii- ' ing certificates, and the insurance companies have found Unnecessary'' to grant, thirty days' extension of time for payment of., premiums!' : The need of the., moment is hard cash, and although sterling in gold arc til ■ ,tho water, the full requirements of the country cannot be met by any such small sum . «s £5,500,000;.. And the money-that is being\ Mitained from London carries a heavy rate of ntercst. It is still a matter of doubt whether . iurther serious trouble may not be experi-. '' uiccd in New York. , ~ , ■ 16^)6^ The Americans. lih'avinw .T.aecided' -'to-.bbfiin". gold the.'effect !'fslt ; iiff-? nicdiately 'ih-London, the only fret! gold marlet in the world. The Bank of England has., not made a formal announcement of an ad; yance in rate.. Such announce!;! ments are generally made on a Thursday,/.wheir the director's .of', flic'.institution ■ dinary weekly/ meeting. To have;; Thursday wouldyhay'e . of the crisis iii>New York, an^ > J . a scare on Continental has been made"'on an tiie officialt-minimum is stillj'4J-"nt/y^io■ discount .business is being dqhcv,undprvs;;per-'; cent., and ...with';a limitation;4",to ibr l A'cl^'• vances against,-securities carry'-'-5V per cent, interest, and tliis' high rate .will, ibring.; about a fall ih;.the values of maiisr'''bf the giltedged securities. The stringency in Londonis serious, and .is likely to become worse, for ! to-day the Amalgamated Society of Railway Servants go on* striker-according to, their ►programme. securities have been depressed, and if the strike eventuates, values' must, fall heavily. There are big'possibilities • in tho situation, in any case it .is .difficult to, see'how .trouble is to be avoided 011 the Continent. Berlin is sure to have a hard experience, judging by tho remarks of the Beilin correspondent of the "Economist" (London), (Writing on September 11, this correspondent states that: —"Other factors are coming into view, which prevent the-ihdulgeiicc >Vf /oj,timistic h-jpes regarding the fliturb ,of. I lib ; ket! The heavy advance' of grain prnJS 11 noted with some concern by bankers,- as "i-eir- * cumstancc;likely to affect the money IsiJuaUoifc another , matter that is attracting att-b;'.'ion is tho circiistance that an unusually large lumber of bills are now going to i>ro.v>,t V l;-s • ' shows that commercial people are i-> i;:eat straits to raise working capital/a ciu'^-h.-do that has- been- unpleasantly Tcin. r ";-ccd l.y ,i mark- J inwase in the number 8f :. isi'iess in--1 .-lvencii'? since the beginning of the m iii'l. " '•' THE PROSPECTS FOR WOOL.;' | FINANCIAL |MI®LY? TO. DEPRESS 'VALUES. . s A LONDON BROKER'S .vVIEWS.'-j"-- '■ Mr. Frank Thomas, of'the firm of Thomas 4nd Cook, :-.of : -'Exchangej :VLondon, who has boon -"visiting "the wool districts of the North Island during the past seven weeks, ' n'as interviewed in the-city yesterday with respect to wool, and the probable effect on the market, of the financial crisis now disturbing America. y Mr. Thomas was.,frankly optimistic, and, in his' opinion, tile! prospects for/wool : were' never better. The; outlook-i'or New Zealand crossbred wool, he maintains, is exceptionally ' strong. During tho last Australian drought; he explained, manufacturers'.had: ; necessarily to turn • off merino wool, because of its extreme scarcity, and take to New Zealand crossbred wool; by doing so, they created a fashion for coaise wool fabrics, principally tweeds, aud lie claimed that many' more Scotch tweed fabrics were now being made from New Zealand wool than from Scotch wool. The

WELLINGTON BHAHE LIST,

lemahd-for such tweeds is likely, to. continue for ;many years;;'■• at', all j'eyenti,-'there is no sign oT it slackening.- '; i! < .; -v, ■ * Asked as. ;to' the effect;of..dear, money in London ,on the wool : trade. . Thomas, expressed the opinion that''.the..' tfadq was u* such a strong position just rioiji. that no tightness in the money can exerqise, any appreciable adverse influence;' lii' experience the wool.trado has nevet'been much inconvenienced any advance in the, .Bank, of; England discount rate. Neither did n'e. think' thatAmerican crisis would' pu,t',.a brake, on the operations of Anierican'/jwool .. biiyers. ■ lhe manufacturers iri'Amerira, ;i.n spite of J»viwt almost doubled -their-'producing- capacity ■ within the last ten*'years;*, are' fuliyjoniploydd,. m fact, they have seldom,'if.'eve.i:, Been'so busy. liyiillustratioii. lie-pointed put-that onc > manufacturing concern in Ameri&n..&l9ne, being _nnfew months ag'q to .procure, h sulhcient Sup'plv. of New Zealand:- two million. pounds weight'; of 'Knglish crossbred wools<tb tide them over'. th%\tinfc. wntu -lie new r Slip from-: New Zealand; would be avail-

, VEGETABLE MATTER ,:i.N •iWO'OL.,Thomas decided '(vieMreganling this matter. By the last-Muail ..he-.received a letter from his-brother, Mr. -%.'.•%■ Thomas, who is also'a partner in the,firm (i ,and : w-bo.was "present 'at-tho conference of those interested in the wool trade, held in Bradford oir September il, at the invitation of the Chamber of Commerce. This. subject of vegetable matter in wool engaged"the serious attention of the Bradford gathering. It was explained that these vegetable fibres—minute, as haivs erc f,- a -.. fi oiircc of .'infinite trouble, fcneir complete 'baffling- evftn the best woolcoriibers. The 'result was that the wool through all its processes with sotte-of.theso' fibres in. it, 'and not,until llie picctv camo to bejdyed wii.s their presence detected. Then, as vegetable fibres will not take wool dye, they appeared as tiny, white streaks on the surfaej of the piece.. These foreign vegetable fibres had .to .be extracted by the; process of burling—taking out of the finished :cloth Avhat never should] have been in the wool at all.. A few years ago there, were. vory. ; few,burlers. employed, but ,now there was a very1 large number; Thfe process involved ari enormous hiiio'unt>af labour, and added materially to the cost of tho finished \clbth.'! ' As 't'b the causa of the trouble, tho accusation is I that inferior wool packs are now used,. arid there ,was a strong suspicion that the 'difference .in tho quality , of-.the bagging practically'dated fromjtho time > when; the Wool growers in the colonies ceased buying from -J)mideo, . and began buying in Calcutta. Year by ; yeaf the quality of the bagging made at the'latter place had been reduced. There was also; a '-'considerableam outit>;of ■ca relcßsness in the packing, string and fibre being,.often left in the bag. The evil had partly arisen also owing to. the way ill which tho wool was, exhibited for sale iii New Zealand and in 1 London. -On account of tlie hurry with which:the biles >;ere':treatcd,' bfefpre 'and after._sie sales, sweopings wero frequent!}' mixed ivith 'the wooU It was held by the colonials present, at tho edn■ference that-the-use of a better quality of woolpack woiild .be readily acceded to, but soriie of them doubted whether'that was the whole of the difficulty. Mi-. Thomas suggbsts that a better safeguard .than the. uso of a high-grade wool-pack would be that the pack should be dyed some distinctive colour, to - enable the sorters to pick but the jute. The natural colour of raw wool and juto are very similar, but ivith one dyed a distinctive colour the-work of the sorters would b'e.'greatlyjfabilitiited, and niiibh of the.trouble now-.coniplsiinkl of would disappear. .The cost of a. pack dyed in some distinct colour would -be,.more^than-.recovered iii,-thfe-better price, of the 'jclepnywool.' ,-,'t :",'! I",' '' ' :

■ ■; 1 MARKETS., j VBT;JSELEdBArH--rEESS ASSOCIATION'— : c6I'YRICniT. London, October 2D.. thrte months, X 62 •per'-'t6n<.!atn^ , j'bfV^3;-fisi-... rise of £7; three. .;montbs^.£M!',, ■ios/.i'-'i-.-'.-:-;?! '' : a-;'fall-i-jof .S per oz.' '{ , ,WOOL SALES Br rEr.EGBAPn—PRESS ASSOOlATlON—copteiojxt. > v'-.Sydnbt, October'3o. Greasy wool sold up to IOJd. per lb., a record for the jireseiit series ; :of sales. N , AUSTRALIAN ! MARKETS. BY TELEGBAPH. —ASEOCiATION.-—COPVKIOHT. ■ - . Sydney," October 30. Wheat, milling,'ss. OJd. offorcd; chick, ss. sd."'t'o'.;ss! : Sd. "'.Floiiiy--.£12. : -|Oots<' Algerian, 3s. od.; Tasmanian white, 3s. 6d. to 3s. 7d. Maize. ss. Bran and pollard, Is. Od. 'Potatoes, M 10s. to i's 10s. Onions, XI) 15s. to JGTO. Butter. 105s. to 107s. Cheese, Bd. to Od. , Bacoii, 9d. .... , ... . MEi.BptiRNE, October 30. • "Wheat, '. lljd. fp ;.Cs>' ? . Flour advanced to .£l2 -15s:- OatS; Algerian,' 3s>'3d.' to'3s. 10d.; stout white 3s. Sd. to 3s. 9d. Barley, Cape maltiilg.^fs.'/4dfi '.feeding; Is. Maize, 4s. lid. : .to'ss! i.Brhn-and:pbllardi Is. 7d., Potatoes, M ss. Onions, irregular, £0 to .Cl 3.

Adei.Aide, October 30. In v whe?t, business is possible al ss. Gd., though sellers did not declare themselves. Flour, .£l2. Bran and pollard, Is. 7d. CIIRISTCHURCII PRODUCE MARKET. CiißisTcmmcn,, .October 30. Small business is passing 111 'wlieat,- though the demand is .good;' Trude has', been, waiting for Sir- Joseph' .Ward's nronohrtcenient' on tho question of I the removal of' the import, duty when (lour has reached a figure. to make the price prohibitive. Present, quotations are ,nominal-;at 10dl; to, (is., f.0.b,',-.sacks extra. -For'oats-there is keen demand, but only small offers—smaller at this tiiiie of yijar than for many years;r;'Sales . have, been made" of small parcels up'tb 35.-ild!, f.o.b!,'sacks'in. . - . Owing to the nearness of Carnival week, holders of potatoes are disinclined tb promise delivery until the holidays are' over, and -supplies are -therefore reduced, , Sales' have been made 011 the basis of JGB 55., but there is difficulty in securing imtnediato supplies .at that figure'. '.Derwonts at, country, stations bring iE7; ordinary, >Up-to-Dates, .86. : •' - . ' GRAIN, MARKET; .' . [BY' TELEQItAriI'.—r'BESS ASSOCIATION.] Dunedin, October' 30. ( The wheat market continues fir.m, and all qualities are .saleable at prices constituting a record for sonic years. The demand for fowl wheat is very good. Prime milling, ss. lid. to Gs.; medium mUlinp and fowl feed, ss. 9d. to

is. lid.; broken and damaged,,-Ss. 3d. to ss. id. j sanies extra. Oats.—Tliero'is a very strong leniand for any lines offering, hilt the quan:ity is limited. Prime milling, 3s. !)d. to 3s. 10(1. j medium milling and best feed, 3s. 7d. .o 3s. Sd.; medium feed, 3s. sd. to 3s. u a d., STOCK SALES. [BT TEI.EGItAriI.-rr.ES9 xSSOKIYTi'IS.] CiiuiSTOnuiicii. October SO. At Addington live stock market to-day, in ;onsequence of thero being no salo next Wednesday, there was a double market, llio entries were much larger than usual, and the ittendance of buyers was very B°°d. the msreased entry was particularly noticeable in tat stock. In fat cattfe there was an entry ot. including several lines of very prime quality, riiero was a good demand throughout, _ and last week's prices were well maintained. _Lxtra prime steers brought from £12 to "£l4 as.; others, from -CO 10s. to <£11 10s. iron l £8 7* 6d. to .Cll 155.; cows, from lis. ,6(1. to X''l Es. The best steer beef made from' -Bs. to 325. per 1001b., and medium brought from !2s. to 275. Store cattle, if anything, were lighter then tHft lots usua'lly submitted, and they were n low condition. As a consequence, (wne down" somewhat. Yearlings, brought 15-..; to 1R months, 235. to 395.; two-year-old slir.rF. S-2 12s. to £2 195.; two-yeur-oid heifers, : three-year-old steers, dry c.-)ws,_lss. to J:" lis. 6d. Dairy cows, .£3 7s. 3d. to £<,ss. p}in ft;!: sheep market opened well, at prices Musi! tn last week's, but as tho sale progressed it ewed ..considerably. There was a. fairly large rardir.g, larger than there had been for some and it included a fair proportion ot -.b.r.Ti r'n.eep. The range of prices was:—Prime v-othera, 255. to 235.; others, 21s. to 245.. Gd.; shorn wethers, 16s. 9(1. to 235. 6':i.; prime ewes, 3fs. '■■■> 305.; others, 20s. to 2£s. S<l.; shorn ewes, Us. Si :o 225. 3d.; prime merino wethers, 18s. !:o 225. '9;1.; shorn merinos to 15s. The entry of fat. lambs was considerably in excess lof prarious naies, but demand was_ not equal snpplv. though somo particularly good lines were. offered. The result y.'.ir j.hat prices on tho whole were easier, rongir.g from 13s. 9d. to 20s. for ordinary, and as as 235. for extra prime. In rtore sheep the eyries were again small, tho yarding being cocfined to a few pens. Tho demand had improved slightly. Sales made were: 135 ewes and lauibs at 9s. Id. (all counted); 60 ewes and lambs at Bs. 3d.; 281 shorn wethers at 16s. Bd.; 73 shorn hoggets at lis. 4d.; 61 woolly hoggets at 18s. 3d.; 48 woolly hoggets at 165.; and 121 woolly hoggets at 18s. lOd. Tho entry of .'fat pigs, was equal tc last week's, and there .was a good demanc throughout. Choppers made from' £4 to £1 10s.; naconcrs to iM (equal'to s;|d. to 6d. pel lb). Porters, sold .really well, prices •■ranging from 40s. to 465. for large, and 30s. to 38s. foi lighter (equal to 6d. per lb). Thero was a goot entry of stores, .and demand was keen. Largf stores 'niids from 355. to 395., and smaller anc medium from 255. to 30s. ' High prices weri forthcoming for weancrs, -buyers giving fron 17s. to 225.; for Tamworths, from 235. to 25s Dunedin, October 30. At ; Burns'i(le to-day 2262 sheet; were penned a/large entry, composed principally of gooi quality sheep, which sold firm at last week' rates. Best wethers, 255. to 27i>.: eitra, 28s to 30s. 6d.j medium to good, 225. lid. to 245. Gd. light, 19s. to 20s!; ' ,be'st . owes, , 225. to :,245. medium, 19s. t0.215. Lambs: 52 were penned There was a good sale for these nnd the' brought from 15s. to 235. Pigs: 100 yarded A medium yarding of fair quality. For smal sorts thero was a brisk sale, |iut porkers am baconers were slightly easier. Suckers, 14s. 6(1 to 17s. 6d.; slips,: 195.. to 235.; stores, 255. t 305.; norlcers, 38s. to 435.; light baconers, 45f to 535.; heavy. 555. to ■03s, Cattle: 209 yarded A good yarding, composed ■ principally, o medium quality cattle, which suffered a declin of about 20s. to 255. per head. Prime sort were also slightly easier. Best bullocks, ill Ids: to. Xll 10s.; good, ,£9 to .£JO;' medium, £ 10s.' to dllS 10s.; best heifers and cows, fror i£B 10s. to '.£9; extra, to .£lO ss.;good, £7 t <£8; light and irtforior, £i .to AUCKLAND STOCK EXCIIANtfE. I [BY TELEGRAPH— OWN CORRESPONDENT.] !

\ • Aucki.and, October 30. > The principal stock exchange sales to-day were: Northern- Coals (10s., paid), 15s. 3d., 15s. ad.'; Taupiri Coal Mines, 205.; Kauri Timber (contributing), 9s. Bd.j Wailiis, XB, lis. lid., 7s. Gd.; £8 Bs. Gd. (sellers now asking £8 10s., with buyers at .fif'Ss. Gd.); Talisman, -18s. 3d.; Waihi Grand Junction, 395.j Waihi Extended, ss. 2d.; Crown, '7s. 3d.; Taima Broken Hills, ss. Gd., ss. sdi; ICur'anui Caledonian, Is., Is. Id.; Waiotahi, 4s. 5(1.

■ £- 2 Liabil- W ' PRICES. J' 1 ;V l \ Yiold COMPANY. Balance .g itypor — ; : . . j,a 8 i T V • . f PaidUp V. Torwanl g® Bharo. Buyor. I- «;. # . 'V&to;. Invostor - 71AVT7Q 'f £ ■ jj ' jC 8. d« £ 9. d. X fl> 3« £ B» <1. KowZe»land - 2,000.000 !3 % ) S « 0 5" 0 < > - , ■ National - - - y 375,000 24 15 I 12 ,5 8 0 5 0 0 . • V->a ' K aU I o^l JRA f CK -''' V - Iltl .J num.'. IS 1 6 jj ; 17 ,6; V&T 611 1 SSS. : 'SS8SS igp '•■«&. 2> H Standard - - 75.000 s - lar . ■ i ttolH. 10 1 1 9 12 3 , : WoiuSfflSg 50,000 ;«g. s "" 10 10 o o _ 10 5 0 '■? w,2.< 6,, 4is 0 MetropolitanBuilding 21.000■ M-. '.nil . -7 12 0 0. . . WDllinston:Invest.;'- :50,00q.;:. J- 'J 1 ' g , ■ 012 3-. . ' Wel'gtonTrostftLoan 101,2.50 »®° « J. ® , . !" 9 ,15 ,S- ' National Mortgage - 200.000 ' .3 8 50 3 3 6 .3 5 0 3 4 0 0 5 0 ' K.Z. andItiverPlato - 300,000 •>«#•*« :V "!' I 10 0 J 1 ? » ' Loan and Morcantilo - '135.J2J * 84 5 0 7 0 Auckland - - . 180,370 gW® •• jj' nil 10 14 0 0 14 5 0 , :'■{•' 'Sli-- ' J Sn.3 -.017 o. : Habere 0 ' " "O-Kj "BO ,\W vl'i "j'■ 10 1 ' • l 'l' 0 ' 1 " 0 ■ ; ■ • . ! ; , ,1M» „ fW ; , :5 S ; Vnj|;. ;» . v:. .• 1,15 0 ; , T - ' W~. ••'«••• = • • 'm o o . .. 1 : "■'$%>> ' ««* - J' "1 t- "\ti o" 13 b o- 7 2 :C 6 ' 6 . 1 . " eUl 8to _ i >; •».>, »>J| » 5 10 0 7'6 ' "'-' ''i 2i .8 8 0 0 • - . a ?, - '1. I Mi ""o 30 10 0 7 13 4 . Gear : : : ««»} ■ 4 V, » .. EllingtonIfcatEXP., < J ■' ■; gv ,,6 12 ; r ". , „ ,vi ./ i.iu),«»r. .... ... 5S 23 . '8' " 3 6 0 " 3 7 0 3 6 0 6 7 3 - Winwriui " ««0 . : ;,,5. ;.ml. v . 8 i M .5 5 0 TRANSPORT. ' not. jo ■ > i i — oort onn . W.&M. Railway - OCX), Ul&f*:.' .J - . 4 . \ In S - *r 7 QViinntnc* ■' • '» • -' " • •' 479 B4Q * 113»7ol t 8'.; ••• nil. 5 •! • 6 . 0 0 I : • .'.eflolooo;- , .30 nil. 10,, ,1810 ,0 . ' : 18 10 0 5 8 1 Wgtn..Steam'Feiry;..- ;,;,'46,250>*, V,.. r? ■ ,'V;V '> . - 'sa>,000 ".117,215^"'si' lj 'l5 7 16 0 7 17 6 7 17.0 6 13 S ■ Taupiri - •• W ,.5,3»), r ,,lv ,nil.,. 71- 010 0, 1 1; 6. . ; - , < . ; WOOLLEN. ! ' !. ..V, I' l-'jj, i.::;: ' Kn.in.nni- ' - - 100 OCX) 32,8W- nil. 6 5 0 0 , SSS2.-.*. . . mJw 'ltoa .si-iU ... a. in o-> .no.;o' f .! » • •, 4 wSsSgtoo-,- - - wooo 4 1 6 3 6 0 3 6 0 3 6 0. !.U I ' jSyBW 1 ™- -47,000,' - 30 nil - 5 12 6 6 7 6 tSSKo'Srien- - ssiooo ' MJB 1 nil 15 2 6 0 2 7 0 , t , MauricovilloLimo >; 7,000 --1 •; ml < 8 •. f J;®- ® V7 Pn.nflln - . ' - 10000 i: Wl rf , — 10 ,0 0 •' f •<» n'z Drnea - - - 'sOOaOW ' MW ' "2, . nil.;" '.7., 211 0'"' - ' , n u'z'Paper Mills '-94,755 ;14TT V 1 ' -nil' -7 '1 3 6 1 4 0 1 3 7i 519 0 N± Cement- - ' -ioiooo 2,018 H ,nil 8 110 6 113 6 Manning & Co. - I 96,0*) . 37.W0 .4 1 . 10 / 12?, Ward & Co.- .-. ~ 60,000 ■ * . 1 JO , . 0 i b - . ; .' . "Wgtn.OporaHouso.iV . 'v .18,630:.i w .^Pr.i.-f,.[*..!> n }{ •• .8 . ; ®-: 2"'-9-• •" ! ' V \V«tn. Fresh Food'" 28,261 w •" n H • ' !?"•'! < ;, A « - ' \Vhitcombb & Tombs" •.''46,'i50' '.' V '~?V: n -|o.- 19- b .0 9 '•/ bharland,Limitod •• ...db»(57tj '9»dlx.-<* •• • nil * 74- I •• • 01J 6- ,