FINANCE AND COMMERCE.

Dominion, Volume 1, Issue 92, 11 January 1908, Page 8

FINANCE AND COMMERCE.

: 1 —— " •• • .• ■ - WELLINGTON SHAKE LIST.

1 , THE SHAKE MARKET.

■'"There was no.'trading, in investment stocks 'yesterday,. still' the buying orders were good, ■and'for'soirio''stocks the bids were-advanced. Bank shares, wero as quiet as ever. Bank of New Zealand shares were ottered at £9 159.',' or a shilling less than on the previous day. National Bank;shares were on sale'at <£5 7s.',' ■ i but there wero no declared ;■ buyers. Union Bank shares, were in demand at XSS, ciim dividend.- Insurance . shares" displayed, great' strength, buyerfc increasing; their-bids to 275. - 3d. for National Insurance, ' .£5 9s. : Gd. for' South British Insurance, - and -235.- -9d; forStandards. There was no change in the position lof financial shares. • Wellington . Trust and Loan wei-o wanted at £7 10s., and New Zealand 'ajjd Eiver'Plate at 295. Gd.; Wellington Deposit shares'were on tole at 10s. Gas shares were neglected. There was a bid:of 16s; . 9d. for Fffjlding Gas, but sellers quoted 17s. 6d. Meat-shares were unchanged. There were. sellers: of Gears at *.£2 10s.';Wellington Meat! Bxport, third issue, at.JE3 ss. Gd;.: and Christchurch Meat at: b£lo 12s.' 6d. Buyersvof .the.latter were ..offering 10s. -The. offer ..of :' 435;.' was repeated for - Manawatu Kails, and Union Steam Ship shares, paid up, w.ere in 'demand at -30s.'-M.' Wellington. Woollen Bre.ference shares, 15s.- paid up, were wanted :at-.-Ms-V Gd.,' D.S.C.,Auckland; at 4s. 9d.,'""New .vZealand Drugs at' ' 10s., and Sharland's ' -,1-reference at 18s. Gd: There were, sellers'of' '.:Taiipiri Coal' at' 20s. • 3d.,. Westport-Stockton ' at 'lOs., D.I.C. Preference at 235. Gd., Miramar, Ltd., ■ fireterence at 235., and the contributing shares.at 12s. ,'

I THE MINING MARKET. ...

' There were 'plenty of orders but not . much -business in (his market. Waihi shares had quittance at,£s 55., but quotations show no "change as" conipared with the previous day. Old Hauraki shares sold nt 2s. 4d., or 4d. -better than tho last'sale.' The mining quotations .' yesterday- were as -'■under 'Buyers.. Sellers.. Sales. . '■ £ s.- d. £ s. d. JB's. d. Waihi ... ... ... 8 4 0 8 G 0 8 5 0 Talisman 2 11 3 V 2 12 3 — . N.Z.,-Crown : ' o\7 ~1. 0 7 5 .— May Queen,, Ltd. ... 0 1 9 0 2 0 > Ngatiawa 0 111 0 2 1 - Tairua Broken Hill 0 3 9 — — ■ .New Alpine — 0 G i — Old.Hauraki ... ..: — —. , o\2 4 : : TRADE' 6P GREAT BRITAIN. .--.Thp trade of the United Kingdom for, 4907 •was a magnificent record, beating the aggregate of .--190G by _JC95,25G,905. The total' trade, ox--1 ports and ■ imports - combined, amounted" to iCI,I6I,OSI,OCO.:in: 1907, but \thesc figures do not 'include the exports-and imports of the, precious , metals. In 1906, for the first time in'the . ..history of the United Kingdom, the total trade . exceeded ;£l,000,000,000; and now it .is o.vor ;' The . higher prices ■ of iraw materials, and the correspondingly higher prices ; of manufactured goods, will, in a nleasure, account for the increased returns. At the snmo . • time ■it must be conceded that Grea,t Britain -has enjoyed-a-period'of industrial activity. 'The totals of the exports and .imports for'a series of years compare, as under:— Year. - Total trade. . £ 1870 .... '631,4.11,305 , ... 1831 ' ... ... G!)-i, 105,2« , ■ . ISSG 618,822,9® . ' '. " 1891 ... '... 744,554,982 " 189G -... ... 738,183,118 1901'; "...'. ... ... ... 8G9,854,4GS ■ 1905. 972,616,444 . - VI9OO 1,063^24,192 1907-;- ...1,164,d81-,000 ■ - ' British trade is far ahead of all competitors, .. beating the,, United Statesv and Germany; by several millions each. To this boom jn British '. trade is due-tho prosperity, of .New Zealand;. fpij'with full employment-at relatively high 'wages the mechanics and 'artisans have had more to.spend on;-food and clothing, and so • oUr meat, and. butter, and cheese, and wool : and - hides, liavo benefited.; Latterly there has ' been a reaction in trade, and the immediate . effect has been to see a decline in the values •of wool, hides, sheepskins, and meat.. The . stringent money market 1 has, no doubt, helped til bring about- the decline,'still the .shrinkage in British trade is an important factor. . ' A point for consideration is the difference in the methods of handling trade statistics in Great .Britain • and in Mew Zealand. . It will probably lie another fortnight at the earliest before we.get'the trade returns for the December quarter of 1907, and the total trade of- the Dominion docs not exceed .£35,000,000. Why cannot we have our statistics more promptly? The . men iit -the-Departments are capable of - turning out. rtlic work in quick time were they-given the opportunity, but we' have,' unfortunately, jjot. into a groove, and there is 110 shifting. This is one of the reforms that tho Government should attend to early. '..

NEW: ZEALAND CROWN MINES. :'•

•The report of the New Zealand Crown Mines ■ Company, Limited, for the year ended August 3i last, submitted at the meeting in London on December 1, states that after writing oil dB3BOO for depreciation of machinery, plant and buildings (being the usual 10 per cent.), and J!13;77} (being .the whole expenditure on mine development for the year), a net profit is shown of' -,£3250. This, being added to the credit balance brought forward, amounting to >62238, leaves, a surplus of ,£5194 to bo carried forward. Tho policy of development recommended by Mr. Daw. at tho last annual meeting was pursued for somo' months, and the v.'inze in the No. 5 level was continued to a • depth of over 234 ft. At this point a stream of water was struck at the end of January, which has almost entirely stopped operations ' below the No. 5- level. A rich chute of ore has • been found on the No. 5 level, but . there is difficulty in opening it up on accoiint • of, the water which has been met with. The njw reef in tho upper part of tho mine is yielding ore of payable value, but it has not .yet been explored bolow the Waitawlieta Tunnel level. As a great deal moro water has been encountered than was anticipated at tho time of tho last annual general meeting, a considerable addition to the pumping plant is now urgontly. required. In view of the limi- . ted financial resources of the Company, the peculiar physical difficulties presented by the property, and the impossibility of exchanging views fully by letter, it has been deemed advisable to request MK Daw to visit London ngain, in order to consult with the directors, and with engineers of cminonco on this important question. As soon as the directors are. satisfied that a suitable plant can be installed at a coat not excccdiua. iha _cash re-

sources - of. T.he ; > Company,' ,thoy ■' propose to place tho necessary orders and push forward the work. • ■ . ~

1 MAORTLAND' COPPERV COMPANY.

At the "annual meeting ■ of-- shareholders of the.; Ma'orilalnd Copper Company, held in Christchureh, the Chairman stated' that 1000 bags' of'oresont to 'iVustralia'lor .treatment, assay value-of 13 per cent, of copper.' On the-advice of the Company's to.erect a rever-fnrnace,-'<capable' of'"dealing- with the ores' readily;'gotv'at!.'. : The: .crection of the smelter, is .now: .being -pushed 6n-:iwith, and it is '.'anticipated' tlmt" it. will-lbe'-in ; -fnll. work by about,'April':.'.."Besides' laying clown tramways andarranging'' telephone "connections,' it was deemed advisable to. erect?, a tfawinill to -enable'', timber to 'be got • for mining" purposes, and also,' . tlie. timber that will be required-for the various-buildings that will bo'.necessary. iis "the' 'wlc;'of. development and smelting 'goes-on, - The Chairniiin further stated tliiit' with the - small furnace, f ; the Company could 'p'roduco;,cp'pper.' and' shew a inar-gin-of profit that would-yield 'a .'fair interest oil ! tljc.' capital of: the'.Company;-.' Taking cop.pel' 'at- a;. ton, , 2Ss. is a'llofted 1 for mining ore,' development of the mines'/ and delivery tOi'the ;smelter, .£2, per ton for smelting, and otlier charges' '.for""realisation. Assuming the ore as. 10 per cent, -average, and 3650 tons per year at a : profit of -375., copper , at .£6O per ton,' the net profit -would be .£6752 1 os. It is to. be. hoped the. .sanguine expectations of the Chairman':will bb.fully realised.

liIV'B^'STQOK I 'MARKETS. iV

: Messrs. Dalgety and Co., litd.j report on their Levin sale held:yesterday as follows: We had a small yarding of sheep;"but. the cattle were of good quality, and came forward in fair numbers. All lots "were well competed for, and sold readily under the' hammer at the following rates Medium 'weight bullocks, ,£7; light fat cows, \JU~ to .£4 7s.- Gd.;' hoifers, £3 lis.; forward bullocks, -GO 75.; 3-year bullocks, j£s 7s. Gd.; empty cows, 30s. ta £2 175.; mixed yearlings, 375.; 18-month heifers, 295.; weaners, mixed, 10s.; stags, £2 25.; 2i-year steers, M; mixed fat sheep, lis. 7d.; ewes, and wethers, 13s. 9d.; dry ewes, lis. 9d.'; cull, 2-tcotli, 95.; half draught iriare, .630. The-Mutual Trading-Co., Carterton,-report on,'their"yesterday's sale-as. follows; We had a good attendance of buyers, and a fair yarding, making a total: clearance -under hammer. The prices realised..-were:—Calves,. 125.; store cow's, ;10s. to Mi forward .cows,- £2' to £2 55.; fat heifers,..<£ 3 35.-Cd. to <£3.55,;-cows in milk, to vC3-55.; store-lamb's,-7s. 2d..t0 7s. 1 fid.; rape ■lambs, .t0'..105.; forward ewes, 10s. to lis. Gd.; weaneiv pigs, Gs. Gd.- to. 95.; slips, 10s.. to. :12s. 9d.; porkers, ill Is. -.;' The New Zealand" Loan and Mercantile Agency Co., Ltd.,-report as follows:—At Pending on Friday, a.-.good yarding of cattle catrie forward, but,, a very, small entry'of sheep was penned.' A fair demand 'existed 1 fpr forward cows, young steers, also selling well. Two-tooth wethers' made from 13s. 2d. to lis.; 2-tooth' owes,-, lis. 4d.; ewes" and ■ lambs' (shorn), '155. lid.; fat. woolly, 245.; yearling heifers, 305.; 2-year heifers, '£2 25.; store cows, '30s. to 355.; forward cows, £3. os. Gd. to .£2 10s. Gd.; cows and calves, 295. to JS2 lis.;, fat cows, '£i to «S-4: lis.; frit.,heifers," .£3 155.; cows in milk; £1 17s. fid. to JES. Messrs.' Dalgety and Co., Ltd.', report:—At our 'Feilding sale "on"Friday a medium entry of cattle met with a good sale. Fifteen months' heifers and forward cows were-in good detiiaiid.:"'Yearlings to 15-months' heifers made 255. G(l.,u-315.-..tk1.,. 325..;Gd.; 15-month steers, £2 18s. Gd.; 2-year steers,, <£3 10s.; old con's, with calves, 255. ■ - ■ - The; Loan - and Mercantile Agency report, from. Da'nhovirke, as I ', follows We- held the first sale, of' thS 'New Year at- Miller's Road Yards, to-day. Stock came forward in good numbers',."'principally cattle. Everything was disposed- of before leaving the yards. We quote Fat wethers!, to 145.; fat owes, to 135.; store" wethers, "to" 13s; Gd.; two ; tooth ewes, to 14s. Gd.; three-year steers, to . 905.; eighteenmonth steers, to- '155..; eighteen-month heifers, to 255.; store cows,, to 455.

HIDES, SKIN, WOOL, ETC.

Tho Now Zealand Loan and Mercantile 'Agency Company, Limited, Palmerston North, report' as" follows -on their usual monthly sale of wool, skin,, hides,, tallow, etc., held yestordav.■,'., . We submitted a catalogue consisting of 1100 skins, 270 hides, and 300 call skins. Wo had tho usual attendance of . buyers, and bidding was brisk. Prices for. skins, in accordance with market cables from' London, as yet show very "little improvement, ■ although keeping at the. level of' recent sales. The demand for hides, especially good' sound lines, was firmer, and all' lots were quitted at a substantial advance on recent rates. Wool.—The entry in wool consisted of single bales' and" bag lots. : Priccs not coming up to our valuations, in several instances wo were compelled to pass the- lots in. -'■ . • Skins.—Coarse crossbred, Gd. to GJd.; medium and lialfbrcd, 7d.; pelts, dry, <tjd. to fjd.; woolly lambs,' 5Jd. to 6d.; crossbred, de'ad, •lid.; inferior and dead, -Jd.; salted pelts, Is. Gd. to Is. fld. ■ Hides.—Medium, cow, 31d."'to 33d.; medium, ox, 'lid. heavy, ox, 4Jd. to 5(1.; cows, cut.and .inferior, 3d. to Did.; calfskins, sound, si(l. to 5Jd.; calf, cut and inferior, 2d. to 3-jd. Wool.—Crossbred fleece, clean and good condition, 7id.; log stained. 5Jd. to GJd.; dead ■wool, 3Jd. to 5Jd.; crutchings, 4d.; locks nnd pieces, 3d. Tallow.—lnferior, 17s. 3d.- per cwt. Horns, 2s. per cwt.; bones, 3s. Cowtails, Is. Id. per dozen. Horsehair, Is. 4jd. per 11). Messrs. A. H. Atkinson and Company, Limited, Feilding, report oil. their monthly wool sale as follows;—To a good- attendance of buyers wo offered an average catalogue. Wool made fair value on the present market. Pieces and locks sold considerably above prices made at last Wellington sale. Hides and skins sold well up to present market values. We quote:— Wool.—Fleece, coarse, ajih-j medium, s}d. to Bid.; fine, 7Jd. to 7Jrl.; lambs; GJd. to 7d.; bellies, 2kl. to 33d..; locks and. pieces, 3d. to 3Jd.; locks, 3Jd.; merino, GJd.; to 7'Jd. Skins.—Crossbred, full wools. GJd.; half to three-quarter-bred wools, 5Jd.; fine wools, GJd.; merino, Gjd.; dead; -fd., 4jd. to 4}d.; dead, broken, 3Jd.; black,'4Jd.; shorts, broken, 13d.; _6horts,, lij.j inferior, 2d.| jzood, $4^

pelts, 4}d.; broken, ljd. to - 2Jd. ' JTalf drj efcins, ,at each, realised as follows: —Butchers crossbrcd, 65.; lambs,- Is. Id., Is.-4d.', Is.'9d., Is. lid.; pelts, .Ud.,ls. 2d., le. 3d. - . , "ides.—Calf. sJtl. to 55(1.; dry. ijd.; ciifc.'j Id, to 3jd.; rough, 3Jtl.; slippy, 2Jd.; yearlings, ®id.to 4Jd. [ cut, 2j(1..; slippy, 2|d.; cow, 3J<l. to 3}d., 3Jd„ -Id., tjd.; cow, dry, 3 d.; nut, -kd.; rough, 21(1.; ox, light, -Id.; medium, 43d-; heavy, 4f(1.; horse, 45.. Gd. each; bull,: slippy, .12(1. . . - .! Tallow.—Tins. lis. to 17s. 3d.; casks, 225. 9(1. per.cwt.; bones, 35.-Gd.-per cwt.; horse- '• .hair, Bd. to is. 3d., per- lb. .

WELLINGTON. MARKET. REPORT...

• Tho New Zenlnnd Farmers': Co-operative -Dis-tributing-Co.,' Ltd., report as follows;— '.-'Maize, ~55.; wheat, fowl, ss. Sd.; oats, Garton's A.grade, 3s.' 9d.; oats, crushed, 45.; horse beans, crushed; is. Gd.-per bushel. »' Pollard, -EG 155.; bran, .£5 15s. per ton; sucrosine, -200's, los., 100's, Bs. ; prime oaten sheaf chaff, iHS. Potatoes, new, whites, .£8 to J>9,; reds, .£7. Onions, Melbourne, £9 10s. per ton. Butter, separator '9Jd., milled Sid.; . dairy pats, Bd. to B{d.; eggs, fresh, Is. 2d.'per doz. Factory bacon, sides BJd., rolls 9d.; hams, 9d.; honey, Go!s, 4}d.; beeswax,. Is. Gd.; fungus, 5d.;- walnuts, sd. to Gd. per lb.. . Porkers,- -70's v to 90's 4Ju., 90's to 100' a 4d.; heavy-pigs,,3d. per lb.. - -.. ■. ..: Cabbage, 2s. Gd.;-cauliflower, ss. per sack; green-peas, Gd. per peck; rhubarb,-2s. per d&z.-; carrots, table reds, 7s. Gd. per sack. Gooseberries, 4s. per half case; strawberries, • Is. -id. per lb.; apricots, os. G<l.; currants, black; :7s. to Bs.; plums, 45.; peaches, Gs. per half- caße; tomatoes, ss. to Gs. : per -half case; cooking apples, 3s. to 4s. per. case.' • Poultry—Table roosters,-ss. Gd. ; cockerels, Gs. to 7s. ; table , hens, 3s. Gd. to. 45.; ducks, ss. Gd.; ducklings, Gs. 6d. to, 75., all at per pair; turkeys, 'gobblers,: 3d.; hens, Bd. per lb. (live weight).

" . GRAIN MARKETS. \

(BY TELEGR.VI'ir—rp.ESS ASSOCIATION.) CiiEiSTcnuncit, January 10. There appears to bo no domand at present for old wheat, but none is offering. Samples of now oats are coming forward, and several sales have beenjnade, mostly in small lots. A lino of 1200 bushels of good feed, Garions, has ; changed hands at 2s. 4d. «$. a ljd. station, though this is now probably an outside price. • About 1200 bushels of duns have been sold at 2s. 3d., and light feed at 2s. Id. to 2s. 2d. Samples of barley have been offered, but the quality has been mostly thin, and no bids for lidit or fcod lines have been made. Primo malting is in request, and ss. to ss. 3d. has been ; paid at country stations. Ryegrass is coming forward, a good many samples being light, but there is not a ready sale. Invercakqiia, January 16. " The New Zealand 1 Loan and Mercantile Agency Company report that the bats market has weakened: considerably. The .export demand has been very slack. -, In - tlio abscnco of any business, and in expectation of the new crop being available shortly, holders are prepared to accept milch lower prices, to quit their surplus stocks, but buyers nre not keen to operate, and tho market remains very dull. Quotations are as follow:—A grade 2s. 10d., B 2s. 9d., C 2s. Bd., f.0.b., s.i., Bluff.

. BANK OF ENGLAND RETURN

BY TELEORAPJI —PRESS ASSOCIATION —COPT RIGHT. (Bee; Jan. 10, .10.24 p.m.) - London, January 10. , Tho Bank of England return - issued. for tho week ending -Wednesday, January 8, is as under:— . 1 ■ , ISSOE DEPARTMENT. . Koto lesho £52,175.000 Gov, debt . i 11,015,000 Othorsccuri- ~ - • " -. . .ties ... 7,434,000 ■ r. . Gold - ... a3.735.ai0 . , i£5,175.000 ' ,'.. I '' ikiiyo.m , BANKING DEPARTMENT. . , Proprietors' ■ Govt-, securi- " ■ . capital JC14.553.C300 tics : . £16,332.000 Public do-- Other securi- ' - posits ... 5,263,C00 ties .... 27,704,000 Othor do-' posits - 45,031,000 Kotos ... 23.227,'000 Beet, 7-day . . . and other ■ ' ' Coin ... 1,018,C00 bills ... 3.407,0C0 , ... £63,369.000 ££8.369.(00 ! :THe leading 'items of tho Bank of England return afford the following comparison:— .. This week. Las 6 wook. Lust year. Bullion ...' ... . 33.7-20,003 31,98X09 aWIiWB • Hescrvo 24.273.000 SU'P.OjO -21.418,000 : " Note circulation '28,918,000 a.KO.UCQ 28,0&T,0 0 'Public. Deposits' 5,268, COO 7.5Sti,{XX) 6,417,000 01-hor Deposits' 45,031,000 52,657,0C0' *7,127.000 . , I'roportion of reserve to' ■liabilities • ... 48.15 35.6-2 39.9T

GOVERNMENT SECURITIES.

1 Tlio following are tbo latest quotations for 'Government .securities with a comparison of 'those ruling last week

THE MONEY MARKET. ''

The open-market discount rate for best three months' bills is 7s. 6d. lower nt Jit 15a. per cent. The Bank of England rate is unchanged at G per cent. COLONIAL AND OTHER PRODUCE. Wheat.—The markets are firm on the strength of unfavourable weather reports. from the Argentine. There is a strong statistical position. Cargoes are hardening; 11,000 quarters of- South Australian January shipment sold at 41s. 3d. per quarter. _,iThc■ Americaii■ visible supply of wheat is CB,ISa,(KK) bushels. Flour.—The market is firm, and business is quiet. Australian 305., ox store, New Zealand HOs. 3d. . • 'Butter.—The market is very firm. Danish 121s. to 1265., Colonial unchanged. There is a strong demand, especially lor secondaries, which are very scarce. Cheese.—The market is firm, and prices are unchanged. Sugar-German 9s. lid., first marks lis. Gd. Bradford Tops.—The wool market is quieter. All classes ore firmer, 10's 13d., 46's lPd common GO's 25Jd., super GO's SGJd.

THE METAL MARKETS.

Copper.—Spot ,£G2 per ton, "three months „£G2 12s. Gd. Tin—Spot ,£122 10s. per ton, three months .£123 10s. Lead.—.£l4 per ton. Spelter.—Jol9 as. per ton. Iron.—lßs. hi. per cwt. Silver.—2s. 1 15-lGd. per oz.

LONDON MARKETS.

Dalgoty and Company, Limited, Wellington, have received the following cable mossages from their London house, under date of January 9:— Butter.—Market firm. Tho Coponhagon official quotation is 1 kroner (about Is. ljd.) per cwt. higher. No immediato change in prices is expected. Tho total imports of butter into tho United Kingdom for week ending January 4 amounted to 70,000 cwt., as compared with 6-1,000 cwt. for tho corresponding wook of 1907; showing an increase of GOOO'cwt. Frozen Meat.—Prices arc much the same ns Inst reported, with the exception of. secondary qualities. Mutton and lamb—Priccs aro a shade easier. Tallow.—Lower by 3d, per cwt. Buyers arc very shy.

COMTANY- ' Capital K M' "*>>»• 3* " ' ' ''' ' . .*•« • : _ „ ' . Mnnoo ,J 5 ' Buyer. , , jffl"; Inve«t*r. ':"''' ••"■ BANKS.'' £ " ' ■' £ "•■' ,£ ■'.• V .'.£ 8. d. : : £,s. d.' £ B. d. i a. d. ■:"'HewZealand . , y • 2,OCO,COO . ,'■ 181,675 :'3J" . JO..': , i' '■'? S ■ • Natibnal". 375,000 . 335,318 .-'' 2 « - 15/' 12 "J® 6 5.7 0. INSURANCE, • '•••■» i . • .• ( . v.. National: . . . JOO.OOO . ' M9J39- i 'unltd.' - .15-'-•' -l*T-.8? ;.',l-.7 0 . 1. T 0' 611 1 Now Zealand, . 300,000 33T..7&5 : .2 .. , .8 ,10 ,4 .,<>,0.', ,.;,4„1'0 ,'.. . , > .. .;..South British - 100.000 512,109 ;i: ;unltd. ' 30 . 5 2 6 •• . ''* Standard.. .75,000,'. . .62,168"'; , unltd/ ! 10.: f 0 '! -j J'. 4 0 1 a 0 - 814 4. - FINANCIAL. .: . :. , . ■1,.,.. . •■. ' • 'EquitableBuilding' ' "fO.OOO ' 44599 6' j;"]o r 10"'2 6" "10 '5' 0 10 .2 6. . 4 18 J .:'MetropolitanBuilding 51.000 . 5,229..-10 - ...7»- 7 „.. •WellingtonInvest. .- 60,000 - 3,033 .}• • »■'•• .'"6" ' 1 ->->-012 3 .013 0. 5 0 0 , •'Wel'etonTruat&Loan "10l,250 \ : 3U80',' '* s - "." g"' 'f*'. 1 ®'! 0 .'.". "HI®'.®" < *10 .0 5-8 8 -. : - .National Mortgago • - - '112.2.00 2 "'bv' So' 3 '5: 0 ." . ■ 35:0 -6.3.1 ' ,N.Z. and River Plato. i 300.MX) ' E30.S03'. 1 nil." ' "7' '-l- 9- 6 ■v'liO 9' ; 1 0,6. .415.0 .'loan and Mercantile135,223 . . 157,353.: ,,:J 5'. '''.''J ; ..-AncMand . , . ... ; 180,370Ki,553 5., . inll..; ::ir,: :H -5 0 -... ' Christehuroh • - ■65.(87 .6. nilv 6 ' Feilding aoki ""l(B" 1 "3{""~3» -..O-tt-#-- •'<•017 .6., '. .01T 0' .Gisborno . .... , .17,100..- : D,239-" l-l .'nil T."lit" < 13 0 ■ . ..Hawera. . i - -$,950 ' - 745 -. J ' ■ ■••'V - *10 ' ' .New Plymouth • ..'18,000 . .".'3459. -V6 :' I'lBfr; .tio^ 1 'Napier • 10 ■ -; ]5 . J..--.-E6 ,00 : . . <9,057f , . 22,517. .6 !'5.:"" v ' • . ' ,1 \ I- ■ fl 15 - 3 7 6 •, • y '■ -FnlmerstonNorth ; £7,000 .11,093 ':4J •» ■ in'' 7 3'-6 :: 7 #'•»' t B',4 ■flellington - 67 083" '10- nil •10- '1815: 0' 19 0 0' 1815'0" .668 ...i,- ---: 124,570;. . ........... J...M j .9 10 0, 9 7" 6 ; 5 6'8' - ...MEAT,, v'... 1 "'- .. v.. i■ ■ Canterbury.' , •* .-183,121 .• 1 fO.OTl -7V' " al 8 ' 8-0 ; 0. ■ V,. Cliristohurch "'.il65,020l'- . .54,337..? '"lo'i '.'IniL' ' '."g,3012 .'6 ■ .'1010,0! .719 4 • '..Gear - -- -- ••- -; Kw)0 l : i 'nil." 'l-M ■ ;2 8; 0 . ' i2^10 ; ,0 ' " ' ' - ' ' & "nil.- • -■ ■ •• 615 0 V : . ■ 105,763f . , : . t3,767' : v 'l' ' 1 Ji.8 :"5.:.0" 0. ■ ■ i 5 6, S i 0 6 5 6 . ' v"»:A?!.--f.- • -:v,V'' ; . .. .. . :)•- ? ..-,8'C .;,-3 5,.0.; ."3„5 '6 . :3 7'" 0. i 3 4 Wanganui • ,. 45,850 ' 11,401'-'- " '5 J "nil. '''8 " 3 s 6' " • THANBPORT. '-V. Railway .' - 170,000: 121,453', 1 : . 4 7 ...'2-3 .0 . - S'4 ■ 0, :2." 3 9- • 8 3*6 '>.'N:Z.Shipping . '473,840' .' 113,751/. „'-'8 i .'..'nil. " ;'5,' '6 '6 0 _ ! 6"5 0. t :6 5 -0.. , 6- 8 0- - .-"-UnionSteam: ';--.v • '"100,000 ''47i',59-l'., -10' ' nil.".'-', -iov 10-.0 . ■• 21-0 0.- '3J17..6 4'HIO. ..Wgth.'SteaniForry. ". ..'4(i,'25J ' : : 05 : :''l" "nil,". "' s - 'OlS'-O (13 0, ... - ■ •COAL. .. . "Wcetport-: '- f£0,000 ; 117,2153j.- li' ! 15- --7160 ' 717 0 ... 715:0. ' 614.7 laupiri- . *. ■ t2,50] , . 6,313 . 1 '..nil. -7*. : 019 li 1..0 3 WOOLLEN. . , - • ■ . -- : Kaiapoi - ... . 1C0,COO . . K.S51. ''6. . nil. '.. i'g' ■' .' '.;i ' M'osgiol. . - •' .63,457 ' 17,212 Si li-' 4' 3 0 0 • ■ ,-. Wellington'-.... .10,003 "• '24,363 .4 .: l.'. e ; ,„"6,. • "310 0- .6','0 : . 7 5 6 . ' MISCELLANEOUS. 1 ; ■ . ' ■ ' Bonaghv Iiopo- ■ - . 47,030 \ '' —10 ■ "nil". 1 '.'11" 518 0'"'' '"■'•? " Leyland i O'Brion. : IS,W0 : .37,761 1' nil":: ' 15 1 4-.9" 2 5 6 '< ■ : ! -5 '5'..9' 6 6 0 . .ilaurice\illoLima . : 7,000 -- SOi 1'' nil - •• 8- .- -•] 5 0' . ' . N.J!. - Candle - ' ,10,009 . — 10- ,.'nil.. I.:""';:." "lo 0 0 ■NiZ. Drugs - ..." iCO.OOO ■ • . £4,514 - - 2 --.nil.... ■ .yl0"0... -6 ' v. ■•''K.Z. l'aper. Mills .1 94,755 " 1,177" 1, nil ' ' >• 1" 3' 0' ' 1 • 3 3 ' 1;3' : 3- 605 v.N.Z.Cement- 40,COO 2,013,.. . .1' ,nil.' , .8'" .;".',.110'-6V, ,• -111 6 . - t ... Manning & Co.;.'. - . . * 9»',C00 37,670 " 4 .1 10.. 3 17 6 : '.' Ward&Co.'-'- • 60,000 ' ' tSJSS ' " 4 '" il'l"' ,10' " 117' 6' "'5 2 0' ! "0 -8 0 0. - AVgtu. Opera Hdusa - - 18.030. / 1,705 £ nil - ' -8 : ■' - .15""0" T 5 0' 7 0 0 5 14 0 ,■ -Wgtu Fresh Food; .- 28.S61 — 1 nil - —- '■ - :', , hiteombo & Tombs- 46,250. .■ fO.153 .6 .'nil..., ; . ]0 ." '6.0' "."710. 0 ;' bharlaud. Limited 18.67S 0,311 1. nil.; 7|. -018-6 119 0 ' ' ;

. . 'Variations ' ; Prinn ' - compared ' •' - inc? -with . • • - ; I IflfltAveok. - - : r ' •• \ .. . £;b. :<1.. i : ■■ ••■■■ •' 2i%.Imperial Consols 83 15 , 0 2s6d1owor l 4' „ N.S.W.]fl03.Tr.n.-July ... JO.V 5 0 10s.'higher „ N.S.W. 1H18MarrSopt . ... Ofl'lO 0- -lOs.highor 3 N.S.W. Iff35 Apl.-Oct. .... .-fif.o'O ii'is. higher 4 .. Vic.lftiOJan.-Jiily.;. ... J01 0 0 20s.higher . Zh Vic. 1921-6 Jan.-July ... M 7. If, J&Gd higher 3 „ Vic.l92£l-40 Jan.iJuly ... 67,0 0 1'nchanjtfol 3$„ S.A.1016,Tan.-,Tuly ...100 O n 3.;f. higher ' «V „• 8.A, 19l6«tnn.-»Tuly t ... 83 O'O Unchanged 4 „ QTclltol-MJaiu-July ... 108 O 0 20s. hiubor33 „ Q'l'fUfflJl-rOJftn.-July ... 03.10 0 -20s. hifihor .3 „ QTd 1032-47J&n.i7u)y ... 8i> 0 0 20s. higher 4 ;,'N.Z. lMOMay-Nov. ... 105 0 0 5s. higher SsN.Z. 1010.fan.-July ... 10!) 0 '0 10s. higlior } • tl .N.Z.lM0J&D.-Ju1y ... B7 0 0 Ute. hitfhor 34 „ W.A.1920-35May-Nov ... [ft 0 0 /is. higher 3 „ W.A.lOlfrfKMay-Nov ... 6G 0 0 Unchanged „ Tas. 1920-40 Jiui.nTuIy ... U3 0 .0 - 20s. hfcbor ' 3 Tas. 1920-40 Jtvn.-July .83 10 0" Unchanged