FINANCE AND COMMERCE.

Dominion, Volume 1, Issue 57, 30 November 1907, Page 8

FINANCE AND COMMERCE.

£5 Ci-'i.tW-.

nrfiw .\ , n 1 1

/' ': ' . . SHARE MARKET. A. fair jimount of trading was done | on Change ycsto'rday. Christchurch"Meat - shares hadvquittancb' at JilO lOs., yielding'to'the; investor JB7 • 12s. 4d. ■ per cent. ' -.ipieans a bigger return.for the dividend is just about duo. Kauri Timber shares, 15s. •' paid, sold at 9s.((Sd., which;:is 3d. better than of . ~tho.!"previous,,ilay... These shares are; hardcriihg , I "ißteauily. for.Vb.arik shares, v there -was'; renewed ( \L r: ,'Y,deittand. - Nationals were minted'at £i -7s, 6d., sellers holdiiig'/'for. £5 9s. Bank; of. New:.;Zca-. . t /- :l '-';idird--shares' : were ill.demand at. '155., ; ' withi -iJciseHers at : - Insurance shares icomihand.ed cKii'rfair ■■-attcntioii;- with, buyers -of'' Standards, at. 1 225. ..t.New iZealands were wanted at 195.,' • 'i„b)!t;.:.sellers,i'liel(l firmlyjto their . quotatioh '.ofi. -®d. fMnancial "shares: are. *qui.et and • i§omgwhat iieslected.;' Natiohal' Jilortß'age'. hd'd. .. ;.iifi«i}try at, s £3;jls, 6d., and Loan and .Mprcantile , *'■ Gd.-'' tniiij dividend.'. Sellers-,of Jth'e.;lattSr ? q%6%l 7s.'; .aHff l, Wellington IrivestnVeiit "shares isryi w§fe,bffered ;; a,tfl2s.' 3d.u'Gas^-shares. Wdre sglfictcd.- ■ Ch'risfehn'rcli'',Gas' shares'.were ph ■ salo. 2si Port Ghalme!'s';'at.;l!)s.' 9d.. Por.'-Feilding- Gas shhres'; 17si;wSs -bid'. ahd ; 18s;' • asked,'and.foivthe second issue ' Wellington 1, -GaS/ . "buyers oiTeredV iEi). 6s.', sellers -holding for, .S?' 9s; '/.The'''-'inquiry "for Gears'.was ; revived; and there;.was a..bid yesterday of 495. for : tfie'**Sßl' shares. Transport shares- wore; : firni.. Krv.Jlanawatu' Rails, buyers advanced' their i ! 'i c(iio'Uition 2s. Gd.; sellers wanting' ffiis, , f6d:iT.New Zeahlfld Shipping shares' : ;iVere'-ih ~de- . fiiiTmand at JBtf, and Union. Steani : at',^2o'.'o'x v divj.Coal?,.islvares continue firm;' 'tvTnupm dqriiap.d at' '195.: 6d v ' ahd.-iWcstpOrt- ' edi 9g)<st ( > n at-.Bs. 3d., with,sellers atjßs.- Od. -There, *.. s '.jis.yttle tojjeijprt regarding the miscellaneous y sjipti6n. ' Kiiurf : Timber,' 15s.'paid, were' wanted '' 2 at J at 10s.-; and'-Wellington Ofifera again in request -it"' iC6,'. - ■ 'sellers'-' qiiPtatioh.; being j67 ss.- . The'ro : were' .'•m-sellers of -Le.yland-o'Brien Timber .shares at 65.-,-.- Manning and: Co. Brewery: shares- at ~ £3 17s. 6d..twhiclv shows'a declining tendency, ;'lW(l''Now Zealand Paper Mills at 23,5. 3d. ' .'4 ■; THE MINING MARKET. , , : Thp -murketfjwas quiet. A sale of New Zea- ' Crowj}. sjiares at Bs. 99. -was reported. ,-iud selling quotatioiis,for ./other shades 'jwere as under :— ; - . • s<l jiii.'oi- . :r!T . - - Buyers. , Sellers..Sales,, sd tlfir .<£ s. d. £-s. d-'i.-i;si d. e r.Kpmata Reefs. : j ... ,0,1. G ■ 0;• 1, 9..,;; r; -n--5;: N f .Z',.. Crown-; ... ; —. —• ' ,0.'8..9 . >.;:;Timiia Brqkeu Hills 0 4 2 ■ 0 4'■ 6.'' 914 0' 215 o'' ' --" Wailii ' ,- Sl2 0 -" ■ Waihi Extended 0 5 9 • — ■ Champion 02 j9 0 3 3 ' — .Ngaliaiva : ... ... 0 1' 9 0 111 •—. Big River' ... — 014 9' — DEVELOPMENT ;OF TRADIO. i Sir Felix .Sbli'uster,: in his-presidential ;ad; dress to the London Institute of Bankers, emphasised what-is well known to most financiers InJ business men, that trade has developed son,ewhat more rapidly than the available capii.till can .comfortably; accommodate, and the ;/stringency in'the monetary, situation s is due'to ''■'7 "Efia' ; 'scarcity : ;o'f- loanable credit. ' Mr.' A. Barton •wasHepburn, an American banker, voiced the same ■.yii.lsSiitiments -at'-'tlie : annual convention of- Am.iirr.erican bankcirs,-.held at Atlantic..City.-towards _*'* Tr-itho;.l.close ofr,.-September. In a paper -rpad" on - 'HfhaVoccasioir, tMr. Hepburn said:—".The.,utilisfttTon of "electricity as a lumiiiant,"'a ; jfiotive • '. pp'wrr, and'a„;neans of oral comniui(icntipi;i jhas ■ aevelp'ped . rl";world-wide. industry calling ; for th!i?cxpcn3ituTe'of largo, sums of' ffibney,' It hatf I 'induced''-'ti', complete reorganisationof; all strdet car l iind-i suburban 'services.". tlirougHout ithy*wdrld;ind is only a question:;of~tinie ,-t/jswhen electricity will - supplant .stejtnv'.on ,'our vns railroads, generally. Not to particulariso, the, transformations as - well as improve'e :. nieiits- which-have c]ia'racterised,:thp, past ,'few years-have, been Unprecedented, both in amount i '. .and; in expense involved. ■ In our.-own- country, system of "-developmont r obtains. r <~ ■ Pcoiile seeni'dctermined to realise at'-bh'co what • MJ'oijgiit- normairy r -to require many-'years >for: de-jV-!ufciopnient;''nnd- tho waste and destruction! in- - At<o ddpnt to such. a. policy are, as, phenOmehaj in Xife-anwiunt as they, are criminal in'fact." - Trade ' rfo}.must go slpw,;,and what that means is indica-'.-j-.Vtbd'.by the. number of unemployed in, America, and in Lanchsliire in England. The slackening ivi'i bring'jlp'wn.".the values of commodities to .tteir normal level. psr.-Q. ■ ; -THli BUTTER FAKER; • Z 1 r: : ' ■33 mm- ■ ' -no ,'V ■ ' - oil* ' ■-ak . odlonial : 7 butter is ruling at phenomenally mT high prices; considering the stringent moncconditions and the marked downward Jj^_ v t6ndency of. most other eominocjuies. cuccer ago, and then ,tho "butter "fakers" did; : a: roaring trade in- margarine ,and "C.6tKer;fakcu,.pr'pducts. The same thing is hap7 u '-'boning nowj in a moro acute form, and "f. 3 later . on'";b'utter will, como tumbling "down. ■ mu JftiV'thermore!, it must.be remembored' that;tho ' fakirs aro"'working under such protection as cr'i tile.: new "Butter Act affords them. -Messrs. fercWeddell and-Co., in their London, market re--fl''.-: port ■of October 18, point out , that between (>k.-'/Septeniber 1 -and - October,v.<f of;-,butter: .into the United Kingdom averaged i'i.v $10. tons a. \veek lwlow -the . same . period ',of last ,'Thcy suggest that, the rapid, arid largo .'."advance which had taken place in values iwas „ 'driving thp,-.prices to a dangerous height; "It will be remembered," they remark, "that last j Jedr and the year before, when prices reached tftSr present'height, the trade in margarine nt '"-fixtures -'became very active, and the:, value «/n-3r o ff<buttor canie tumbling- down. It looks as if liwthfe sellers .of-- margarine wore, again entering .-w n.i)on '• a. brisk and prosperous period." UNITED KINGDOM RAILWAYS. r> :(: , ,-„On the railways of the United Kingdom last ' year the .numbers , of first-class passengers dogreased Bis,OflO, : those of second-class passpngei-s decreased. while the third-class pas- . ' ' sengers increased '52,158,000. The heavy falling ;' ! '6lTiii -seitond-blass ,vras due to tho abolition of that intermediate class on the'underground lilies of Ijoiiilon. Only. 216 miles "of now railyrhyi were opened in the United Kingdom last f ••(/. year, and tho construction of, new .railways isn-irtually atia.standstill. At the same ; time, .however, 532 miles of-new track;wore opened, showing that doubling".and quadrupjing exist,ing lines .are ,in progress. ..The -capital .issued ri," i,by tho railways of the. United Kingdom- to tho- closo of. 1906 was .£1,286,883,000,.but of this V'";,i:195,286,000.,was "water,"-.and did riot involve -" '" the" subscription of nioney. The. gross eafn'f* irigs, -woro and the-.net. earnl ' ,: ''^iiig ß W ere'.'*j6.i4,446,000, or' 3.45. per' cent; on the

WELUNCTON SHAKE • LIST.

total /capitalissued, or 4.07 "per cent. on the capital' exclusive' of '-"water."' '• : • " SHIPBUILDING. : There 'is an-appreciable 'decline in the tonnage under construction., in Great Britain. On September 30 .last there were -150 merchant vessels of -1,080,037. tons gross, 'and 47 - warships of 179,607. tons . displacement, under„ tion,; inakiiig a total of .497 sesselsof 1,259,094 tons,";>ompafing .with,. 555 vessels of 1,410,762 tons :at;. the. end: of- - September . last-,-,year, and' 50.8; vessels .of --1,469,658 tons- 6nJ; September- 30, 1905. Of : the - merchant tonnage. .now .. under construction, .739,275 tops, or,' 6S:il. per cent, of the. total, is .being built for British owners, ; as; compared; ;'witli ;50.21'.- pet'-- cent, a ; ycor. ago, and &i.BS: per cent, two 1 -years ago.'- But' while British exhibit; a shrinkage/. that, of' foreign.-nations 'shows a slight ifnprovemont, Franco; and ' Japan - being thd principal: contributors to-the increase". Lloyd's Bsgister gives the following ; figures :— '! *v- •• "

■ aoos iE!,J is;| The directorate of the Nestle and Anglo-Swiss Condensed Milk Company have purchased the Cressbrook :Condensed' Milk Factory at TooRnol'nivall, N.S.W., also a large block of farming : land 'on the; Cressbrook . estate. . Both Nestle's and Cr'essbrook'milks are wcllj'known on. the-SydneJ- market. "•The production of gold in.the Transvaal this year bids fair to exceed ,£27,000,000. During the first nine months it.' was J!20,237,330, and the final quarter of' the year usually- yields very m'C'll. Last year, the output was ,£24,579,097, ami the increase.tliis year looks like .£2,500,000. But: the:: monthly yield .is: not now' materially ■increasing, and it ajipeirs as though. the sum- : mit^was,. nearly attained. . ' ' .... t ... The "report of'.tho'Aust.ralfari'Mortgage and' Finance Company for. last year shows that the gross profit'amounted to .£246,900, as compared with. 600, and the .net profit -£131,500, as j against ,£'88,000.!Tho ( season, on the whole, for pastoralists has been good, and the wool market has, remained strong, and these favourable circumstances. are reflected in the .largely increased.re.venue shown by the figures above. It is-proposed again to' transfer .£25,000 to re-serve,.-increasing that • fund !to :'.£300;000; and to - pay • a H .dividend of 121 per cenit., or 5 per cent, rnord: than in ,1905-6. This will still leave ii!7i,Elt|o.'.(p go,, forward,, as' compared with ,£30,300 brought into.the accounts;- "■"!' ' ; . ■ ■ ' CUSTOMS RETURNS. . The. Customs returns .at Wellington, yesterday, amounted to .£2483 lis. -7d: ' ■" -'' , .. . DREDGiNG^.. .. .' ''[nTMELIGIIArn.—PRESS ASSOCIATION.] . ,Duxedis,' : 'NovernW! 29."- : Dredging .returnsV'.Knputaij :i3pozji. Mystery yi i 'lat,Aßlo~zs. 7awts.; "Waik iia, 57ozs. llclwts.;. Cha'rltin 'Creek, 2Gozs. lOdwts;;. Ceittral' Charlton; 23pzs.''-Hdwts! ;' 'Mnsterton,- 22ozs. 13dwts.: Muddy!.Clreeki- 20ozs'.: Hessey, 19ozs.' 7dwts.,; ■ . Manuherikia, '18ozs. Kura,> ICozs.lldwts,■ Garden;- Gully;; Bozs. lTdwts.! , - : "WOOL. SKINS. HIDES. .ETC. * A. H.' Atkinson and Co., Ltd.; Feilding, report:—At our monthly sale on-' Thursday, ;November 27, we offered an avorage catalogue of wool, skins; hides," tallow, < etc. There was'an extra attendance of buyers, and com--petih'on was keen,', up .to full'values. The wool offered was mostly iriedium crossbred, which made up. to &J<l., one bale of Romney ewes real-ising,-81d... Skins were easier than last month, -in■ sympathy with -tlie decided drop.in wool, and .icece.n.t . London' reports."-Hides .and calfskins : we're in 'good demand;' and showed a slight advance on' : last ■ month's'prices. Tin tallow'was keenly competed-fori-and sold at •lato rates.- : \ ■■■ v Wool.—Bellies and. pieces;' ,4}d. to 5Jd.; erutchings, 4Jd.; coarse crossbred, 7}d. to 7jd:; fine crossbred, Bd. to B}d. Bag wool.—Dead, 53d. to OJd.;' dead, 'dirty, * 31d.; fleece, cotted, 53<1.; fleece, medium,-6Jd.; fine, BJd.; lambs, 6Jd.; "locks and pieces,' 3d. to 33d.; ,bellies,■ sd. to sid.-;idead,-washed, 5Jd.; black, 51d. Skins.— Full "wools',"medium to coarse, 7Jd.; broken, s}d. to 6id.; fine, 7Jd-; ciist, G!d.j dead, 5Jd. to 6d.i dead, broken,.3Jd. to 5d.; dead, fatty, 4}d.; shorts,-inferior, 4jd.;; pelts, sound, 4}d. ; pelts, inferior, 2Jd. to 2Jd.; lambs, 41d.; pelts, half'dry, at each,-Is; Id. to ls.Gd.; lambs, half dry, Is. ad. to Is. 9d.; crossbred, half dry, and .dead,..2s. 3d,.,t0.35'.- 3d.; crossbred, broken, 2s. 3d.; crossbred, ..sandy, 2s. to 3s 2d.; crossbred, i good, -4s. 7d.".to' 6s.' Id. ; crossbred, butchers', 55.-4 d;, ss; 10d;;-6s. 3d., 75:,„ 7s. -td., 7s. sd. Hides,—Ox, light, 3!d.; ox,' medium, 43d. to 41d.;' 'ox,' heavy, '.;4|d.; .cow, light,-3jd.; cow, heavy, 3jd.; cow,!'slippy, 2Jrl. to 3Jd.; cow, rough, 3d.; yearlings, 4d.; yearling, slippy, 2|d.; yearling,- cut, 3Jd.; ralf, good, 51d. to 65(1.; calf, slightly"cut, 4}d.j calf, rough. s|d.; calf,' slippy, 3d.; calf, dry, 3d.; calf, cut, slippy and inferior, lid. Tallow—Tins, 16s. lid. Horsehair, Is.' lid. 'to Is. 2jd. Cow and rough horsehair, 7d. 80ne5,..35. Gd. per cwt.

..WELLINGTON PRODUCE MARKETS. . The New Zealand Farmers'. Co-operative Distributing Co. : , Ltd.,; report a« followpMaize, ss. j wheat, fowl, 6s, Cd.; 2nd quality, ss. 9d'.; market firm. Oats,-Gartons. A Grade, 4s. Cd:; oats, crushed, 4s. !)d. per'bush.'j horse beans, crushed, 4s/ 9d. per,,bush.; pollard, <£7; bran, Jt&; sucrosinc, 200's, 155.;; 100's, 8s. : ; prime oaten sheaf chaff,"27 10s, 1 Potatoes, N.Z., JE4; Canterbury, Up-to-dates, Lapstone Ividncysi Eldoradoes, Circular -Heads, Seeds, Mi potatoes, new, £10 per toil. Onions, jEB pe rton.. . ■ " Butter,- soparator, 9Jd. ;• miUcd,' Bd.; - dairy pats, BJd.'per lb. Eggs, fresh, .Is. : Id. to l,s, 2d. per doz.'' Factory, bacon, sides, Bd.; rolls, 81d.; hams, 9d. Honey, CO's, 4]d. . -Beeswax, Is.' Gd.;',fungus, sd. ;• walnuts, Sd. .to Cd. per lb. , Porkors, 70's, to.SO's,'4jd.; !)o's to 100's, i^il.; heavy pigs, 3d. to 3j<l. per lb. Cabbage, 3s;' to .45.; cauliflower, 7s.- 6d. per sack;' green peas/Gd. to Bd. per peek; asplra-

gus, Gs. per doss.; 'rhubarb,\4s'.'; carrots, table, reds, -7s. Gdi per wck;- carroty .-horse, c£2'los.; .parsnips,. 35.'.;, to -Is. per . sack. , Gooseberries,.-Is,. Cel. to - ss. per- half case; tomatoes,- Oil. to Is. per lb. ; strawberries, Is. 3d. per. lb.; oranges, Sydney,'. 10s.; pines.' 12s. fid.; mandarins, 12s. Gd.;' bananas," 12s. .'Gd. • ■ v Cocksfoot, 7d.:to Gd. per lb.; ryegrass,. Gs. Gd. per -biish. • '■ Poultry.—Table roosters, ss. fid.; . cockerels, Gs. to Gs. Gd.;. table heiis, 3s. Gd.; ducks, Gs.; ducklings, 7s. Gd.; geese, 7s. Gd., all at per pair; turkey-gobblers, 9d.; turkey bens, fid. per lb., live weight. Dressed poultry,, roosters, Bd.; liens,. old.: turkey. gobblers, • 9d.; turkey liens, Bd.-" per lb. - " LIVE STOCK ; SALES. ' Messrs. Dalgety and Company,. Limited,, report its follows on their Levin sale, held yesterday:—\Ve yarded over 2000 slieep and <200 head of cattle.' There was a good attendance of .'buyers.' Bidding was spirited! only'one line of sheep remaining unsold. Prices realised were as follow:—Forward fourtooth - wethers, lGs.; store wethers, - 15s. Id. ; forward'two-tooth wethers, 1-tSi lid. to 15s. 2d.; woolly hoggets, 17s. Gd. to 18s.;- woolly ewes, with" 75-per cent.. lambs, 205..7 d. to .235. 2d.; fat. bullocks, £7 Gs. Gd. to JE7 17s. Gd.; fat cows,-.- M 135.; three-year steers,. JG-i 19s. two-year steers, «C 3 12s. Gd.; three-year empty heifers, J33 Bs.; two-year empty heifers, ,£2 Is.; yearling empty heifers, 30s. to 355.; forward' cows, £3 to i£3 ICs.; springing heifers, X 2 7s. ' LONDON MAEKETS. Dalgety and Company, Limited, Wellington, have received the following cables from their London offices, dated November 28: — Frozen Meat.—Demand continues for lamb, and prices are very firm, also for mutton. Beef.—Market firm. We quote:—New Zealand prime crossbred ■ lamb, Canterbury, heavy, 5Jd. North Island, quotations are nominal. Prime Canterbury mutton, heavy, 3Jd.; North Island, 3}d.. Ox beef, fores, 23d.; hinds, 3d. Prime Canterbury lamb, light , weights, sfd. . Mutton, light, "4Jd.Y North Island, 3Jd. Australian lamb, "32-401b., 4d. to sd. River Plate frozen mutton, .3d.' to 3Jd. Butter.'—Market-firm, and,-the Copenhagen "official*-; quotation-'is unchanged,.--, , f Einest,: 118s.; unsalted,'. llGs.:; _The total imports, of butter into Iving- ! "dom for the week ending November 23 amounted to 70,000cwt;, as. compared with 68,000cwt. for the corresponding week of 190 G. Wool.—The sales continue without further chauge. A good quantity withdrawn. Tallow. —Prices are unchanged lor all,sorts. HidesLower by -Jd.. to Jd. Market very dull. Leather.—Market dull and.- nothing 1 . doing. Basils.—Market' quiet and prices are unchanged.' .' .Babbit skins and sheepskins (in ' general) .lower by Jd., but outgoing sheepskins ' in general are lower by,ljd. to 2d. 1 .. / BANK OF ENGLAND RETURN., i BY TELEGRAPH—FRES3 ASSOCIATION—COPYRIGHT, ' - (Reo. Nov. 29, 8.8 p.m.) London, November 29. The Bank of England'return, issued for the week ending -Wednesday, November 27, is as under:— • • Ibsue Department, Koto Issue'' £49,500,000 /Gov.'debt "£11,015,000 . ■ Othersccuri- • ' . tics ...: 7,434,000 . . ■ ■ Gold ... 31.051.000 £40,500,000 , £49,500,000 ' ' ' ' BANKISO DF.rARTMEXT. 'Proprietors' ■ Govt, sccuri- :• capital " '£14,553,000 tics . ...£14,332,000 Public do- t Other sccuri- ; - "... 7,78-1,000 , ties' ..!< 32,584,000 • Otlior,' do- . Notes ... 20,501,000 . . .'. .posits l ... : 43.0D0.000 Coin-' «. 1.195,000 .Pci.t, 7-day • ahd'otlicr Vbills ...- 3,356,000: ' '/■ 1 /., £68,702.000 £68,702,000 Tho leading items of the Bank of England . return" afford tho; following' 'comparison :— " 1 • This wcolt. Last wook.-.Lnst year. £ • £. ■■■ S • - ' Bullion '... ... 31.051,000' 50,"247,000 31,075,000 . Eoscrve ... '... 21.V86.0J0 ' 19,915.1xaJ .' 23,014,000' •Note circulation 25,C01,030 '.29.020.000' 23,099,000 .. < ■ Public'Doposita . 7,781,030 7,790,000 . ... OthorDeposits 43,003,000 43,191,000 . '42,019,000 ..Proportion .. . . •' 1 rcsorv'o to; - , liabilities ll'. ; 42.83 - ; •38.!8--j . 44.72 - GOVERNMENT SECURITIES. ; .■... The'following'are tho latest' quotations for Government securities with a comparison' of it,lios.Q,;;rnli!ig>Jast. week:— '

■ THE MONEY MARKET. '' ' • The open market discount rate for ,best three m'oiiths' bills is 17s. Gd., lower, at 6! per cent. The Bank of, England rate is 'unchanged at 7 per cent.. . . ■ COLONIAL AND OTHER PRODUCE. : Wheat— little values! .but the markofs;'are ;nervous, owing' to rtlie .uncertainty the financial position in America. Buyers aro indisposed to operate, and there is too business doing. Cargoes.—Australian are firmjy held; '42s.'' Gd. is asked ' for new crop, South Australian December-January, shipment, and '435. for Victorian. ; V flour, is' quiet; a few- lots of Australian offering.'at 305.-, ox storo. ; • ' Sugar.—German beet,' 88' deg., Id. lower at 95.'; 3a!; first mark granulated, f.o.b. Hamburg, Id;::lower' 'at 10s.. 10(1. per. cwt. Butter.—There is a steady-trade doing, and priccs are unchanged.' Choicest-New Zealand, 118s: to 120s. • ' . Bradford Tops —Little business' passing. The ■ quotations are '40's, Jd.' ilower 'at''l4|d.; 16's, id. lower at'ls3d. "GO's,.. 3d.' lower at 26Jd.; !super : 60's, '"Jd. lower at 27^d., per lb. ■ London: 'Wool Sales—The - sales included fleece portions of the Pareora clip at 12d. ;■ gear, Hid.; Shaw, 27Jd.; Shaw, scoured, 29Jd. THE METAL MARKETS. " Copper, spot, <£3.175. Gd.' -higher at J862 17s. 6d.; tlireo months, £i 7s. Gd. higher at £63 2s. 6d. per ton. ' ■'' "• Tin, spot, ,30s. higher at threo .months, 30s. higher at .£l3B 10s. per ton. : r Lead, 225. Gd. lower, -at"j6l6 t. 10s. per ton. Pig-iron, 7d. lower 'at 50s. per ton. 1 Spelter, sb. higher-at ,£2l per, ton.

' • COMPANY ' .§£■ ; ™; ..,, " rsldUp ' ' : BwOT - '^ r _ ffi,-. }f!>if.W5--)ll r< .'l(>, !.■:<■■• ; :■ • ■■ ' y : " , • . ■ •...' • . ■ ■ ' . »i3J .isiii.'if ■BAHK&'I"''"-- ' ■ £■'- '■'■■;£ .■.< ■■','•■• ■4-15-0 10 0 0 010 0 3 10 3 ' S .,-,^h 1 -K£wZoalancllp >,•'• 2,CCO,000: Sfll.CTS fi"no : T' tamul - 375,000 335,318, ,15"; W 6 7 S , 6 9 0 .'" , -- 1 " - . r '.!12?SUBAN0Il:' i V ■■■;•'■ 'Vi fi"n i » 0 . kii i ■>.3,1Wf>»t«on(J' ■ 'ui.-,. - ICO,(BO ; 249,339' ! i unltd., ■■16,,' J\ °' .• . 17" , »U.l SOO.OOO 836,785 . '3' „ .8 ,.10." ,, s . la -• 5 ,,, • ■ t'V r .,Eo,qth British. \ '100,000 / 512,400 >1; unlM. »• . ■ • .... f 616 f WO?-:! Standard • i- ' »" - • 75,000 . 82,183:.. : .VS 'oalM. 1 ■., ■ ,... 1 ' a *, u ; 0 > . E Q „lS)uiuite. - , CO,000 . 44 SB - \ 5 5 ., .10. 10' 2 V JO . 5 .0 6. ' 419 3 Metropolitan Building 21.000..' 5,229 .; 10. nil .I ... ■ n1n o n i a n I- n n ..Wellington Inrart.--.'- . 60,000 "■> : 3,933..'-1. ■ ■}• .. i ® 7 r Vi v • ?!n 0 I ;■ Wel'gtonTrustiSLoan .101,950 : SO.OM' .6 . 5 r - I 9 R I' ■ 0 4,0 « 3 1 ' ■ 'NationalMortgago" 500/BG".' . UiSW ' 3. .. .8 , ; { .■„'.„ o - 6 ' 4 15 0 w^-.l^lJ.Zi.anaBiTCrPlato- •300,000- • SS0.309 :1 »«.• ' [ "J ■ 's ' iv Loaned Morcsniila - . 135.2SU ... .157,368.. . 4 . Bi ,i 0 j , b . ° 7 0 . 0 5 - 10 '**| Js S3j*taa-- » 180,370 . 80,553 , 6.' nil 16 :M;'ob ?H ?■ "" Cbristchurch ' ' • - 152,000 £5,037 "5. nil 10 „ IT n ' «w n ' fl 17 0 Fcildlng - - . 10,806 ■ " 103 1 m - 017 0 ' ,® 8170 Gisborno . .. . 17,100 .' 8,239 , ,.l. ail 1« iu Hawera - - . 8,550 745 I- , I ■ • . . . ;v i.MflwPlymoum.'• . - 18,000 3,150 '. «■"»«' J? . ' ■ cs n n .;-nSpiet ■: i , 10 » i }{ ■ ■ , '^; v «^ 7 [ » 517 f 'j .. II ! ? o i * FalmerotonNorth I 57,000 •! 11,002 4i - i 10 T S.,6 . _ . ..J| |' 1 i ; WeUington - . I2i , 570 > 67 063 10 " - ml 9 6 0 0 ' 181S ° , S6 ' '.'meat! 1 ■ r , . „ 0 . , tfCehteibary i- • 1B3.727 S0.OT4' 71 M ■ J • ".J-.J-! mio'o T n 4 i ; ?■ il '* ° ° 4.} ,J° l ■ ! : r ! ' !, :^ etoD^^: Exp ' l ; "i 1 - 1 ■■ 5*o o '•« a 6 ; 5 2 0' est v" 1CS,76S ) « . sj I. .3 6 0 .... .. 350 -673 ..'Wmeanoi : 45,850 ' 11,401 5 ' nil. ; , 8. . . ' " TRANSPORT. ' „ '-oiia ■ q 9 ' & ' ■ o' ■ 9 ■ ft • 9 *» *-1 1 i,!;': • Wi-&M.BaUw»jr • 170,000- 1S1.15-1 . 1. 4 1- ?„■„ fnn ' «f, 7 \ N'.Z.ShippinS - .473,810. . 113,751 p- > 8 ■ nil. ;S ;' 6 ■ 0 0 •, 6 0 0 „ i V-,~0*Uon Steam..i - : tOO.OOO . 472^ffl ; .,. -:10 • ail. . .10,. ; 20,,.? 0 , . 5B1 ~"y- * Wf®. SteamPernT • 46,350. . -.65.. . 1 ; ml. 6 ;. . ,«W 0- • • 0 rS*i ■ ISO,000 U7,is«,-i.8} .. -isi - f 1; SM ::' ' Taiipu-i - .;.-j - W.50J 5.S39 1 ml- - 71. ; 019. 6.. 10 . . vfli • • WOOI/IiEff.,' ... '. ... .• • - ■ ' . ■ V- k'Sfiipoi. wp. . 100,000 . ■ S3,851" ,5 ' nj. • 6 ' ,' . '' ■ .' '• . .. -Hosgial - . .- v,v - .83,457 17/219 34 li 4 3 3 0 -.3 .0.0. S18 4 Wellington . - - 10,003 4 1 6 ... 5 8 6 3 6 0 /•« « '■ " MISCELLANEOUS.' ., ... „ • ■- ' i;' (..•t. EonaghyBope' ■ - - 47,000 — 10 ; o 2 2 n a z a « fi n ijW'Leyland&O'Brion : - £5.000 SJ.761 1 «{ , M. 250 f ' ,„M 9 . - 6 6 0 r,ai*<vWRuricovUl0Lim9- » 7,OCO iW • 1 D !j i. ,15? >' ' " * Oandlo .•. - 20.000 . - 10 : nil - • • • - 10 ,?£ '-• > f .•r/'-'-i'-'UiZ. Drug '• - £00,000. • 3W14 .' 3 » J •'f 1 ?- ' - „ •« .-iiCVUXPapor Mills l-'i - «,755 1,177 -1 =4} J • 1-3- 0 1 3 3 1 3: 3 6 0 5 „ } 0 , lr JiJ5.,Cement - . 40,000. 8,013 . .- .1 :",8 . 110 . C -i.i Manning «fc Oof. . 96.00J ... • i \ I* • ••'c n n 'an n t . 80,000' • S0.GG6 : ■ v 4 } t '10 417 6' 5 ,f 6 ,.,5 0.0.. 8 0 0 iKvnai'WgtiiiOpora'Housa.18,690; .1,705 ;' [■'5 -nil. . -8 6 0 .0 7 >5 0 . ■ "FreshFood-■; ' ! 28,281 ~ •. 1 ; oj. «' "W.hitoombe&.Tombs- S0453 . 6 • n j|- J? * ®-® ■ .<JJ 5 " * . bilarland, Liniitdd. ' v : !-■ " ou . 71 •. C19 3 * ■

y Sept.-,1907. " - Tons. . "• Torni.',' Germany ...: 263,902 .■% ->236,348 France ... . .... '40.380 107,055 .Unite.d.iState's 148,912 ... 113,072 ■■■ Italy. i ... 91,778-• £,.■> -.7li,0S5 ' .Norway ....... • 30,216 .i.' ' 31,301" Holland ,'.7. . 50,874. 51.747 ■Denmark . v;19,699 ' 10,874.' : . Japan 4-1,978. . 80,800] . . -Austro-Hungary : 6900 li,934\. r" 4000 ' " 21,280 •• 701,639 ,738,399 ..

.... .Variations _ • PnVn compared. Inco . with .. v_ last -week. i S. <1; SiX'ImporialConsols...'. , ■ 83 12 5 J3/0 higher 1 '„'N.a.Wa!*n.!(in.-Jnly ... 10G.-0.0- 'Unchanged 3j „ N.S.W.1918 .Mar-Sept . 93 10.: 0 ■ Unchanged 3 „ N.3.W. 1935 Apl.-Oct. " 81 0 0-; 20s. higher 1 „ Vic. 19-20 Jan.-July... ... 10110 0' Unchanged 3i Vic. 1021-6 Jan.-July ... _ 97 10 0 ]0s. higher ■3 Vic. 1929-49 Jan. July oS 10 0 l Unchanged 3j „ .S.A.-1916 Jan.-July - ... .99 . 0 0 20b. hifihor S S.A. 1916 Jan.-July ... 85 0 0. Unchanged .1 „ QTdl9-21-30Jan.-JuIy ... 104 0 0 : Unchanged 3l ii Q'l'dl921-30 Jan.-July.. . 97.10 0 Unchanged 3 „ Q'l'dl92i!-i7Jan.-July ..: 8110 0 10s. higher' ""■4 ,:-N;Z. 1920 May-Nov;"' •105 -0 0 ' 10s. higher .. .:3j'„-N;Z.: 19-10 Jan.-July... 100 0./0. , ;20b. higher . 3.- ,,-N.Z.-1910 Jan.-July '■ ... 81 O'-O . lOs.'lowor ;3i,, W.A,lft20-35Mny-Xov -'95 0 , 0. - Unchanged 3 „ W.A.1915-35May-:N6v ; 83 0 0 Unchanged 35 „ Tas. 1920-40 Jan.-July '97 . 0 0 : Unchanged '3 .. Tas. 1920-40 Jan.-July88 0 0 '. 'Unchanged