FIANCE AND COMMERCE.

Dominion, Volume 1, Issue 114, 6 February 1908, Page 10

FIANCE AND COMMERCE.

THE SHARE MARKET.' : -/■- The market: displayed la, little., more ,stren£th_ . - yesterday as compared with the previous day.' One salo ivas reported, -Manawntii Jltulway ' - shares* having changed hands at. _lhe - y balance ,period of this Company closes ,at;, the. ' . end of this month, and the annual meeting *.•. for the declaration of''the ; dividend; Avttl,,,m. -all probability,'-:bevlieldi time. .Bank and.,tl)o jjjifljJjfc tions were: 'Batik ■of New Zealand, buyers X 9 ?•'. 12s. ; 6d.; sellers, iNatibhaljvßanks,, buyers ,£5 sslV- tellers; : #5 ; 7si ■■' -.Ineui-anjio shares ■ ' -/ -quiet, and'-: unchanged.; There'was a.bid---•c".' of- 275.''9 d." for .National- Insuranco, .and New ' Zcalands were on sale at 2s/ Financial .' .•• shares la,cked. animation. Wellington '.'Trust 1 : andvLoan ;ha!d>inijuiry 'at 'dividend,. 'but sellers . .wanted fS7I; . - sellers of Loan' and' Mercantile at,ss.' 6d.,, "SYel-; ■ •>••• lington t125.;.'.:3d., ;;andi/Welling?, lon Deposit at-10s;rMeat,'feh'afcsiw.ej-e ; neglected;, ' for tliore were no declared buyers. There, were. - sellers of Gears at ,£2 10s., and'of'.Wellington' . , !• ■ Meat'.Export at iBS 2s. and £3 ss. . 9d. for the. second, and third .issneij.v-iThere. 'wera buyers- • 7 ' ' of Union' Steam and|;;Ne , er ; • Zealand " Portland Cement at 325. 6d.,._and pollers ,10s. for Wellington Woollen .v.- iB7. 16s. Wr Westpoft Coal,. 9s. 4d. For JCauri Timber, £i ss. 6d. for LeylandD'Brien Timber, -and—Jfls;- 6d.-.-fbri~Miramar )reference. _ . , / - , ' . . ' "THE MNlNG'MmET.^^'*' This market was active, both Waihis and y\: rdlisiiians .meeting;v,Svitli-c;tjnsiu'essri «BH9SijpJUr : .the latter,i.'.which.;/s6ld -.up,:-;toj :535.. frand.. ' " displayed a--decided-.upward Waihis. '•.v - . had quittance'atiSß>lsst| 'and'-'-'seemlito-'hang. - - fire. The announcement of' tho: quarterly divi^ . v dend has not stimulated .the.demand. ~vThe; ' quotations' yesterday' were»'as '<.t «•*> ■ , x - ■ . ' . ■ - Buyers. '• Sellers. Sales. ■ £s. d. .E s. d. £s. d. Kuranui Caledonian 0 0 6 ~0, 010 jt- ' Big Eiver 012 0-0 11 6 ♦ — • Ngatiaw.v .... ... — o>l 11 — Tairua Broken Hills 0 4 0 0.4, 2 0,4 0 Waihi .. . .' 8 li''o 816 0 8 15' 0 Talisman ' ... .. ... 213 0 213 G 212 9 : ' r '". ,'. . ;': 2:13 0 ■J,:",\. n [■■ ■ : :Tiff'T THE MONEY MARKET ; - Tho cheapening of money m 1 London "is- em- : phasised,- in the steady'.advance -in the price > -: of Imperial; Consols! It- will, be seen by' our cable.'messages 'that' Consols; arei-nowiquoted' ■. -at' ,£B7 -25.: Gd.i 'and look Hike 'touching"'JE9o'" . Why should these gilt : edged securities be advancing now? ..Consols; it must be remembert'dA '. -are a 2i per cent, stock-,' and the income .from ;;;•; / this class of security; -isy a igood vdeal : higher* . than, it was : whW' the stock was 'returning, %\ .'. per cent. interes.t.K-^Vhen'-;'trade uwas' - activet ; and money was' wanted'for enterprises and . industrial . progress, able', to;; obtain a good rate of interest' "and 'Consols neglected;'now'that . channel is, shut to-iapital, or<since l 'tEere, iT:a' ; lack of confidence in this particular,, channel, money ,is going back into the - premier gilt- : edged, security, ; and with more, buyers in' the market tho price,necessarily improves because : ' . of the competition. .Money is getting easier/in,v London, and, that ".coincides , wjth: trade dujlnt'SS. ' - , While mimojrriisMjeQomlngl. chMpe&iirf»L<fa;l is getting dearer.in New Zealand, and . is likely to become, dearer than it is at pre-: sent. ; This seems strange, but: it :.is,/easy<\pf, explanation. "When trade is active "in "tho ■■■'-:Ifnited Kingdom there; is naturally a good . :demand for ; the food products and .raw .materials that New, Zealand; supplies,-/and- the buyers are able to afford''good, prices! .' New' Zealand depends for its. National ynqDmo on, the sale of . its products—the portion? expoirte'df' ■ ~-and when these make big money 'the' iricoine is. large,' and there, is plenty of money, ;ay,iil-, able for investment in, mortgages," ■ lii 'shares,'' in Wonderlands, motor-cars, trips, to England, : . etc.,. and'- 'the expenditure makes for - local N/v'..- ; j.prb®erity.. and business activity! .Tho money, uorrowed by'the Goverameiir and'the muni- ' :': cipalities.has very much the'same effect That ds ivliy we have been so excessively prosperous :•••' fol ' 60 many years. Now trader's languishing not alone in;-the United Kingdom, v but ,v, also' in the United States and Germany, and the : ; effect upon us is to cause a shrinkage : in our . income, because we .are 'getting so much lees for our wool, meat, sheepskins, hides, tallow, hemp, etc. With a. smaller'.income there is . . Jess available., forvexpen'ditui'e 'locally, ' and ias' , ' there is no ,'shrinkage tho'.--'demdnd-r for-' ; . money, those"•..who;'want;sitvha7o' 1! ' to 'paJr'V -~ " liigher rate, and ibecause 'oftthat''iVe" : say''tha.t f . mjney is dearer.:;; It .that'therr will? have to be a curtailment of imports,' becajteS" of , ' this fall jin.,:produce>,pfices/.' aridd such'- 'ashrinkage will;vaffect. ithe.-CustomS'iiretUrhsT N railway returns, and the income-tax. If the •••".' depression tfe|nporarx,'i,tliartiiirtJl . "O , a D-issing.' prepuce, .ovTiich New Zcajan'd Y 1 scarcely'ilotice, but'if t'rade"is"';to -remaitt dull for some time, as some think will .be, the case, then of';values 'must ', . take, place within: New ..Zealand.' RAND DIVIDENDS. -!' • The total dividends declared in 1907 by .the Kand gold. companies amounted to .£6,962,500, ■ and. tho total dividends for the whole of-tho ;■ , Transvaal gold', minis "to', <£7,131,600. The , Eand figures show an increase of 25 per cont. ... . over thoso of 1906. ,' > 'J\ v . WOOLLEN COMPANIES./'-,!i- ---> The woollen companies in New iJSealaiid : :'...; have not had a rosy time, during ..the,.pastr: threo or four years. Tho operatirig'-cbsts hav'o" . beem increased, owing to the higher cost of labour,'; the scaT,sity;<,6f.?.'su'itable labour, and . tlie increased cost of the raw material. The ellcct of this has been'seen .in smaller divi- ' dends, and - the depreciation of the values \of the shares. Several .of..tho, companies.'havo' ; : iTOreased:';thqir,'' ; > capjtal..for',:,bettermcnt'cp.urr' poses,- and'to'iristaj. machihery: 1 ;to ,-bring 'doivn the cost q|,:.production,'., ' ,riie.,.Wellinston:',W(>ol- ■. len Company, it -will be remembered, not''-so'< long ago 'issued preference shares, and tho ; Kaiapoi Woollen Company, has just obtain<jd. the sanction of .the.vshareholdersXto-aii in-- - crease " of .capital., A. .irW-'iiEuthOrfordi'. Mendip Hills, a shareholder of the Kaiapoi Company, objects to the issuo. of preference shares, "and in a letter 'published,.,inl. the "Lyttelton Times" r.'he -:pufs-- : -Tafs."case 1 -.as follows:-r"The C.object was callcd 'iWas to alter '.the'articles of association, so as to enable the directors to issue' 6 , f ner wjit.'- cumulative preference shares, the

Av WELLINCTOH .. BHAKE . LIST.

chairman'giving as a reason.,th'aKmore capital was required: As the directors'' -jiayo power -under-- th^"existing-'ar'tielcs:"to.-,raise ''<8100,000. by, the' issu'e', of ,20,000 ; oiidihary'.''shares,' ; I thiftigHt" y(e latteri odurse. shViilil be -adopted, ! - rather"{han thafthe"'origina:!;,sha'res^>'should' be,;.mortgaged to the preference', shareholders,! aud,. addition, the, Jatter ' practically. being; shares,' ';With , ' , fli'st'jdaiin" , 6h' , '' , the diyiubnd''dhd ,;,upon .'tho.Assets' if wound"up; 'Possibly I was mifetakeh, . bui from ~what: I could', gather.' the objection l ts-''ptrttin'g : .6h a fresh issue; - or - ' was i .that' they could 1 not' be" jjot 'off-'at "piit'.'' / This", .of; .cpurse, was not—reconcilablo with the , chairman's'. state:a good aiid •increasing'bhjsines'sr 'tho' other' hand, the shareholders'': (jnotdtions -.show that .woollen ■lni'll./shares}bar,.Oaiiiaru,;',are'; sick. "In- the :financial^columni'ofvth'e , 'Fre6'''Lahce,'' January ■25i'nt 'isi'fi'bted' thaf Mills at'a.'discount.- • Under these circumstances I came to 'the' conclusion that.', tho" ..woollen.-: mills -is not'flbnrishingy and; so; far- as I" can discefri,.. there are. -no,;indifc^tions .jpf th'e.'better. I,' thercforoj .questioned.iitho '''.pr.udenco' .of. tho! _ putting ;' more",' money into' the conceiri,'" by "investing, "in preference shares. Personally; I would profer an abstention from dividends for an indefinite period." No doubt the issue'-of-preference shares does tend to depreciate the value of the ordinary shares;" ;iit -when capital is wanted, the lppsttdtfractive security must be offered. However;" it is a question whether the' 'wobllffli'.'companies .have effected all the p^ssibl^,y., Economic and 'efficient, rnaiiagement- alireys": reccive:'the • considcrajEion^'jitijdeseryps. j : ;; -, . V ~ gm'p' junction' gold. :" , Th"4 ! ' l i'opb¥t I '(>f , Grand 1 junction Gold Company, • Limited, for fthe year' ended December 31 last, states that the; mill was ;staTtedgon"»4jjgiist.2o,' and up.'to, tho end ot. that'..,ycaE.. had orffshed* 8144 tons. ' The lji\llioQ (exclusive of values contained in solutions'; and .residues in process ol treatment) ,whi'cH has' 1 been "credited' for' tho;- l time' J -bcing to mine development and. genoral expenditure account. In consequence 'of~the'""vanous"liindrances to regular crushing during the short period above referred to, and change of management. having.:..been, .arranged before the audit was completeu, it was deemed advisable to defer thp'fraining of a profit and loss'_account until tlie. end of the current, yeaT.~~The loans, which became duo at, the end- of July last, have been renewed on the samo'-'tenfns? uh'til/;july- -"31,'- 1908,; and' the ' option on the .unissued share capital has been -similarly .extended. > Ar call of . 10s., per share a K®»;made''W last oh the .issue of 18,500 shares at £1 premium, leaving ,£1 still ■to bfe'\calVetf'thePebn. The cost of-: additional tanksi concentrators, and other', improve'meiits' iii. r f liW■' i'edii'ctio'n works, is ; ; being met out, of - profits ;> wet weather .has •-gi'eatly4 imp^Si^rogress,, .at; the same timo.;adding' somewhat; to the :cb'st; the work, ;hQiyoveiv very 1 shortly, and tho : ehtire'battefy"of forty stamps will (hen ''bC-'ablii'' tfl'"crushH'to"its full capacity. - . . - TIIE BUTTER MARKET. ' ' ,•" The 1 buttei;, ma'rket. at, Home' is .bqcomilig ' more" thaff''interesting-,- and it is unfortunate - for that the. long spell of dry weather iS causing falling off . in the outputs of factories, says the "Auckland Herald." ,fiiy.en' last..y?ar{s output.at prices now ruling 'at' Home, Auckland factories ""would be reaping a harvest subh as .they have never known befol-er:"As:'it' is,'-.factories which havo large •lines,ori-consignment, and. now onrtho water, 'w l ill'have'Si'6ry cause'-for c congratulation. During. thc last week choicest New Zealand butter ! aveilag'effpSfsJ" „ Then the prices rose,' -shipment to. be delivered next week h,ag:ialfeady been'sold .at 1265. per ■ "iiWt., "and vit&' now , asking 128s. por ewt. This price of 128s;. per ',cwt. represents, very close on Is. IJd. per lb., and with .butter, selling at/that figure in bulk,,exporters -aro likely-to rush as much on. to the London mar-' ket. as they possibly can. .. For butter sold locally at Is. Id. the wholesale, price is lljd., so. that it>can .be readily seen. what a fascihat- . ling .prospect, the Lbftdon market' is .offering, and, in view of that prospect, the local market,, to draw full supplies, will apparently have to considerably raise the wholesale price havo ceased exporting, aiitl are storing for. winter supplies, but the . to. . attract. every ;.box ■ possibly..be',, sent into', export, .„while ■' .th'qrie' jsu.th.c..added,-fact: that supplies are' exj -tremely- short;-in'.thev.South Island; and- it is . erideavdu'r. to draw ..it? ,KWter u oSJiPlilies from Auckland in',,even 'greater,.nuftntltics,stK(in,.it- did last winter. J • are'.looking everywhere in "Auckland: for big lines of butter, so that,, as. one rnqrchaht'said last week, the ont"looliufpr the: tliTiftyi.ilioiisßwife is gloomy, and i 'the: biitter I at Is. 4d.J and even' Is. Gd.-'per lb:j appeals to-be very much nearer. * -Against, this,., however-, is the fact that prices d.airy.jjfarmers to go,!in for:en-silage.imakihg,-and-winter dniryisg, a course that Mr. ICins?lla, formerly Chief Dairy Com- ; jnissioner. stpenuously urged in Apokland, where i. inne conditions are io. eminently adapted for it. Thero is. indeed, lio reason why butter should havo to be stored in Auckland' for winter use. Therolshould. .be, sufficient, late autumn and winter sunplies to keep' the, ;local'. mnrkct nt any rate fully stocked. , It is a ,notable point that while;, '1285,» is being'asked-for'Neiv Zea-land-butter,-:the Danish article,; usually the top-"of.the. market, is fetching, 1275.; Austra'jlianj422sri> Argentine,,l2os. j and Siberian, 117s. There has been a falling pff-'in supplies ■ ali over tho world tins season, -for some reason - from- New, Zealand anil Australia havo been short,", while Canada, which last season sent enormous,quantities, has this time sent scarcely any butter at all.' , , i( STOCK EXCHANGE^ ;• ' {DT-'TELEGBArn—riIESS .ASSOCIATION.) 'f,'., ;**■, . DcNEmN. February 5. ■ -' Stock Excliango sale -—New Roxburgh Jubilee, Bs., V 7 i , '. ~ » > STOCK SALES.." f (BY . 1 ASSOCIATION.) i 2DuNEDiN,: February's. At the Burnsidc Stock Market 1572 sheep ; wove" penned, a medium yarding, of which ; wethers and" mauler ewes brought ■ prices much on a par with last week's rates, but ! medium and inferior 6orts were much lower, i and show a drop of Is. to ,2si per head. Sest

wethers, 17s. to 18s. Gd.; extra, 225. 3d.; good, 15s.' 6d. to lCs. 6d.;'medium, 13s. (id. to 155.; best ewes, 10s. to 18s.; medium and inferior, Bs. to lis. Lambs—lo23 penned, a lafge yarding, three-quarters of which . was sold to freezing buyers for export. Last week's rates, were fully maintained. Best lambs, 15s. -to, 175.; medium,' 125;.. to lis.; unfinished sorts, 10s. to 12s. Cattle—lo3 yarded, a medium entry. The prices obtained show no improvement, on Inst week's low-values. Best bullocks, sold up to-.£10;..g00d, £7 to ,£S 10s. ;,'■ medium,: £G to. £7. .Best cows and heifers sold up to £G 15s.' Pigs—2oo -yarded, a heavy entry, in consequence of which , there was a decline of 2s. Gd. per head all'round. Suckors, 13s. to 155.; slips, 225.' to 2Gs.; stores, 28s. to 355.; porkers, 375. to 425.; light baconers, 445. to 505.; heavy, 50s. to 61s. GRAIN MARKET. . .: (by TELEORAni—riIESS ASSOCIATION.) Dunejiin, February 5. Oats.—The quantity of old oats on hand is small. A fair inquiry is expected for shipment, and to supply orders shippers are turning attention to the new crop. So far only a few samples have come to liaud, anil hayo found buyers at a shade below values for old oats.- Prime milling, old, 2s. 3i'd.; good to best feed, 2s. 2d. to 2s. 3d.; inferior to medium, 2s. to ,2s. lid. ' ' • Wheat.—No samples of the now crop havo come forward. The quantity of old wheat on hand'is very limited, and is mostly going ou as fowl feeel, at prices fully equal to quotations for milling. Prime milling, ss. to ss. 2d.; best whole fowl wheat, 4s. lOd. to js. ; medium, 4s. Cd. to 4s. 9d.; inferior and broken, 3s. 6d. to 4s. 3d. CHRISTCHURCH GAS*. COMPANY. (BY TEIiEGftAm —PRESS ASSOCIATION.) Chbistciuiech, February .5. ' The forty-fourth annual general meeting of shareholders of the Christchurch Gas Company was held to-day at the Company s ofhees, Worcester Street. The directors, in their report, stated that the result of, the year s opera; tions bore testimony to the progressive policy determined upon by them, a; few years ago. " During tho period - referred to, continued the report, "it was decided to develop the manufacturing branches of the business, anil also to erect new workshops, showroom, and offices. In pursuance of this policy, extensive machinery. and plant have'also been imported, and: are now in operation, for the manufacture of ammonia, water gas, and firo bricks. The new retort-house, now under' construction, is designed to meet tho increasing demand lor ga-i with economy of production. These works have entailed a heavy, outlay, necessitating the issue of £25,000 of debentures, the calling up of £40,000 additional capital, and the absorption of large cash reserves. The figures of the bal-ance-sheet amply justify ,the policy :.of the Company, --as, in view"-of tho increasing cost of r coal arid labour, it is doubtful if the'old rate of dividend could* have been maintained but for the revenue derived from tho new branches of business referred to." The directors -recommend, the payment, of a dividend of:s,per cent.,, making,/ with the interim dividend of S.'per cent, paid in' July last, 10 per cont. ■ for the year,' arid,, after providing for reasonable. additions to. the reserve and renewal funds, to entry* forward; the balance of ■ .-£3917 lis. Id.The 'report' and balance-sheet wero adopted," and : the' retiring directors were re-elected. -. ' PRICE OF EGGS. '- , (bt tslegeaph— special, coeekspondent.) Auckland, February,- 5. Tho price of,eggs is steadily.firming. This week, the Co-operative, Egg and Poultry Co. is paying shareholders Is. 2d. per dozen for fresh eggs. \: \ "• , NEW ZEALAND INSURANCE'- COMPANY. (BtVTELEOBAPE—TPRESS ' ASSOCIATION.) . . Auckland, February 5. The report arid balance-sheet of the New, Zealand- Insurance Co., Ltd., for. the' year ending November. 30: last shows that; the'-years, operations ' have, resulted in. a surplus, of.' JEOI.4IG. Out of.'this sum'the. directors recommend the payment of: a dividend of 2s. per: share, making" 10 -per cent, for th6..?year;£60,000 to -be placed:\to the. reserve, and a balance of £21,674. to be,carried, forward... Tho net incoriie derived from: premiums, interest, and rents amounted to'; £G(2,759, whilst the capital, and' 'undivided -profits are stated at '£690,674, after; providing, for the dividend recommended-by the directors. PRICE OF CONSOLS. BT TBCEOBAHt— •PKKSS. ASBbOIATIOK—COrxniGIIT. t London, February 4. Consols are 'quoted at £87 2s. 6d., an advance of 7s. Gd., on last quotation. ; ' WOOL AND METALS. Bt TELEGBAPH —PBESS ASSOCIATION—COPIBIQHT, ": London,, February 4. Wool.—A good sale, and prices unchanged. Copper.—On spot, £60 17s. 6d.; three months, £61 10s;';" electrolytic, £G3; supplies, 46,580 tons; deliveries! 45,630■' tons; stocks, 20,GG0 tons; afloat, 3610 tons. ' . Tin—On spot, £125 55.; three months, £126. /Silver is quoted'at . 'WHEAT AND PRODUCE. .' 'or lEtEGßAPH—ruzsa' association—corTß'iorii. . London,: February 4. Wheat.—Market quiet, with; prices a shilling lower : on- tlie-.weefc ,An v Australian. steamer -.parcel (March) brought 38s. Later,the market was reported, firm. The amount afloat for the United Kingdom is 3,555,000-quarters; for the Continent, I,43s,ooo;.Atlantic shipments, 205,000; -Pacific, 145,000. ; . / AUSTRALIAN PRODUCE - MARKETS. ' «r iileguam—piless association—corrnion? ■ ' . Sydney, February '5. Wheat.—Chick, 4s. 3d.;. milling, 4s. 4d. Flour, £10 ss. Oats—White, 3s. 3d.; Algerian milling, 35,". 4d. Maize, ,4s. lOd. Bran and pollard, 14d.. Potatoes—Tasmania, £5. Onions £G 10s. Butter, 107s. to 109s. Cheese,'/'7d. Bacon, 9d. Melbourne, February '5. Wheat, 4s. 4d. Flour,. £10. -Oats quiet. Algerian milling, 3s.' Id.; . feeding, 2s. lid. 1 Barley—Capo feeding, 3s. Gd:; malting, 45.; English, ss. 6d.' Bran' 'and' pollard, ■ 14Sd. Potatoes, £2 ss. Onions, £5 to £5 10s. Adelaide, February 5.. Wheat, 4s. ljd- -Flour, £9 10s. Bran and pollard, 14d. \

:-U: : ; ; r T £* . : -'v lo'rearf-.gd .? bar,! - .' ' 3 u />, r \. 1 %'° r - ' SalL. ti i wirq '. . ■■ p ■ .p \ . , £ c £ b. fl.._ £. 8. fl. 1 £ i.. d. £ s. d. V JCcw Zealand '- . .'.; ,- f.OCO.OOO'"? ,7 ®®?.''''': SJi, \Ti?f . -"jd '<"9ia'-6V 8-»'.0. ' 913.6 0 x National- - - - 375,000 ESS,313 £4 15 ,12- : 5 5 0 5 i 0 .560 513 4 INSURANCE. ' " ' , » « • • ., ., V . ■, , ■ Kalional . -.V- JC0.C00 . S49.339 -iBJlJta,,, ,'-,15;;, iJ.1 .lljv.. / [ f" J . V . Jicw Zealand 300,000 , 336,785 . 6 - 8 10 * ,J 6 i < 3 0 4 2 0 . 5 , 0 ' . Eoutb British - - 100,000 . 512,409. 1 unltd. 20 ° ° ' *■}* ® . '. . . ' fctandard •. - - - 55,000 £2,183 i unltd,. 10. 1 » 1 140 .. financial. . •■•; >■ ~, n , . • „■:■■■ ■ ■ Equitable Building • " CO,000 ftMO" 5 • 5 10 10 13 0, 10 .5 0 10. 3 6 /19 o t'.etropolit&n Building 21.003 6,239 10 - nil 7 r ■_ l ' 1 - . : Wellington Invest. , - : £0,000 . , 3,933 b • i - .«, „M S" . 01 0 5 0 0 O '. WerBtonTnistiLoan ..101,250'- 44,334 • »„' IflBil'-'-iiS 2'' V 18 "• t'' n . , National Mortgaso - 500,000 112,250' '-3. .--8- '■• >' Itt.i .$• ®. '« <<— J. ® ®. . « ». J- / .K.Z. and River Plate - 300,000 . 852,000 -1' nil 7 J • «'» ® ■ : Loan and Morcanfilo- 135,Ws / 315,133. , i -M„ ~0.,. ?. 6 0 5; 0, 10 0 0 GAS. : ■■ ■ ■*:■> •• ■■.Oyi- u •- io. ■ * - ... Auckland .,- . ISO,370- F0.553 6, nil' .16 ., . . -J Cbristchurch' . 153,000" 65,067 . i.ifij " .-10,-.'nYr-Vf! Feilding - 1 ■ . 1 10,803\ 103 1 nil l — ■ ®}j ° Gisborno '. ./ -. 17,100 . 8,239 . jl nil 13i ... 2 13 0 . . Hawcra.. . S,?5a 715 : J-' ' • i - 10 ' Kewrij-mouth - . 18,000 8,169 5 nil.; 10 71T.6 kapicr - . . . 1 :. ' 10 'nil 15 . ' . <9,957 r 28,183 5 5 15 > J ' ' ■ ) 1 9 • ,.8 7 6 •. . PslmerstonNorth * 17,000 ' 11,033 : «'» ? "S » -30 ®-v>• „ . J l-'f « « J .• Tiellington . . " " 7003 10-.' " nil "•*" > 10 17<6- »19 ,0 0 6 ■ 6 5 0 .' „ , . . - ■ 12,,570 j 5 6 10 MEAT. ■ fanterburj' - . •! 183,727 ; , 50,074 . .75 2i. . ..:,6... , c „ r ' . thristchnrob . . • 163,39J 'i7,64J 10 nil. 8 1013 0 1015 0 1012 .6 (10 1 Gear - rnnnnl- 1 nil. • " 124 ,2 8 0 210 0 .'210.0 ; .5 0 0, lt . : ; .^f- 000 ;. .4. .125 i ■ ; WeUingtonMiSatEip' i ' . ' \ '• 6' ■•-'*8 1 •I - . ' 105,765f 53,767. * 1 ,8 .:iR,P,-P.i. • 0...t ,t, 0 ■ 6 5 6 :), . JS y. 8 3 5 0 3 5 9 3 5 3 e 8 9 '■■■' Waniranui <5,850 .11,491.. , 5, - ' 8 TRANSPOBT. ' i---,: . • ' ' '• . " f: W". 4: M. Railway. : . 170,000 321,453 1 4 1 ,-,!!r3,-0v < v 2 4 0,. 2.3.6 S3 9 V'-'.-K A Shipping • :tam ' 113,751 . .8, nil. ' 5, 6 7.6' .V; Union Steam .800,000<7-2,59 J J .. 1. nil., : 7i • -111 6 1 0 . : WEtn.SteaiaForry'"'• "MBSaJ"'''"'M'" V'ly ' nit''-' '" ,, 6"'- ■ : • . COAL. .'■ • ' ■ ' Westport •". : K0.001 117,215 .& ll 15 716 0 116 0 ;. J1S-0' 614 7 ,,5aupiri - ,Vf«, 503 4 .6,33... ; I:, nil. ■ JJ, C19. 6 1 0 3 . ,: . WOOLLRN. 1 .' <• .■ ; -Kaiapoi- :: ; - ■ '• 100,003 •,52,651 . .5 ,.niL» ,.;6 llosgiol -''•'V,"-'' ■;w , 83,'457>;" •,h7,!2l3i:: 54; -t il:'r. • i';;Yie llingfori'". .3,Cftl,-. .. 1 .. ->,6 .... . ...no 0 . S' 6. 0. 7 5 6 MISCELLANEOUS." •''' ' . '. Eonaghy Ropo - . .47,003 —.. . 5 , till 618. 0 G, 0 0 Leylandd: O'Brien':-.. : :.' : E5,000 57,761 l' ; ■-m li v-..jsr > ' • '2 5 6 S 6 6- 6 6.0 T . v. liauricevilleLimJ • . - 7,000 ■ 50S 1 '...nil ,8 ,.,A, 3 0 ■ .- \ •f. K.Z.Candle- • . : 10,000 ' - . 10 ; nil _ ; ■" J,.Z. Drugs- •>' . 500,000',, : ; EOli-, .2. -ml.. . 1. 211 0 V SM 0 2.11-.3 ,'59 6 .' y.'Z;PaperMiilaV - S4.7S5'' ' .ml-"" ~r. V"i:'3':o'; .<1"S.-S' . "1 3" 3 6'0 '5 J..2.Cement- - " <0,000 ■■■ 2.741 V 1 nil' -. 112 6. 113 0. •■;■'. : ■/: ilanDins&Co. : r ■' , W.CflO . £7,670 < ' 1 .10 , - -.••'■■ ' V - , tO.OCO . £0.655.' 4 1... ,JQ BOO. ../WRtn.,OporaHonsa * - 18,630 • 1,703 6 nil ., 8' ; . i.',7 0 0 5 14 0 Vfctr. I'resliKoo:l - ! 28,261 •' —• ' 1 .nil : 'i A\bitcombo A Tombs* ; 46,250 £0,153. . . '..ml .10. . .» f ■■ i. :: ;y. bb&rland. : Limitei . 4S.«d.p' i/j 1 *.' ';i ml ' .'J 0J5".*-. N0l8 .3" : 8 4 4