FINANCE AND COMMERCE.
r. '•: /"a* v. {r~v *•' ' v | c- •; ■"> »< t-' ' ,- •; »•*' . b*i' • v . . 'WELLINGTON SHAKE LIST.
THE SHARE MAItKET., .' " An ■ average'-.'.amount; of 'b'lisiness"- tran- - ' ■ saoted yesterday.' . National :BaftK''sh'ar£6 changed hands at £57s;,''and'buyersrepeated their bids of JCS 6s. Cd., sellers holding for S5 Bs. For- Bank of New Zealand shares £d' 12s. fid., was bid, and,£9:lss. asked. Jri- ; ' j surance 'shares were, unchanged,' the quotations 1 of the previous day bciii" repeated! '.Nationals wure wanted- at 285., sellers-' holding-for .28s. - Sd.; NewsZealands,.wel!e'a.SJl : J&dfe i ' ' Financial shares, were, firm, with buyers of •.' . Equitable Building at £10, 'Wellington-Trust ' , and' Loan at £7 S;;., New- Zealand and River Plato at 305., • and at; 5sJ . - Meat-' shares were stea'dy; 'Gears 'again'- sold 'at . 495.; for Christcliurch Meat shares XlO 13s. : was - bid, and., £10 17s. 6d., wanted by .sellers.. There \vere sellers of .G,ears, .at £2.105., and V and - -*£3 ss. v?d. ; /respectively.'," Mfrina 4 ' • watu Kails, 'buyers -43s!' 6d. ; -Mosgiel A\ oollen, . i •-.buyers< ~ -. ■ ; sellers '70S"Westport' ; Coal,"'.selle'rtf'. J iCT'.;fe:;f i Westport-Stockton, buyers 9s. 9di,.,sellers,-, IPs. . . 3d.'; New .Zealand Drug, Company, buyersr£2 - 77-''.. lis.' 6d., sellers..:£2 >. 125.;.. Leyland-O'Brien Y;YY Timber, sellers'£2'.'.4s.' : Cd:;' 1 of a shilling per share; New. Zealand.Portland .; Cement, sellers ,34s£'W4rd £o.| PseH'Sry shares, -sellers £4 . 14s.'; Taranafa -Petroleum. !y-"'. '.. buyers: sellers 55.. Oil. shares,;havebeen,< " very quiet for-some time,• and"thtf"rtvivafno#' 77. Y {: 'to be noted'ds..,probably I dueYtb,.:the_ slightly Y improved; outlook, for the "Taranaki Herald ; of February 18 says:: "After .encounteringj a great deal of troublej : '^Mj^';Stoooiiulias7"';^g
burys• in point .of . quality. .-.The .relatively : :steady-and.'.'liig]i rlevelv.of lamb.quotations was ione.iof thO,4eaturesV'.bf.the year's trading. ;. Yr;i}iew;;Ze(iland slupments of'beef were spread overt -the-iwhole<rtwoiyo' months, and increased by 80 per cent. This increase .was only effected , by jthe. shipment of considerable quantities of secondary ox and cow beef (as : a result of tho expansion' qf^.-tl\e rl dairying/ .industry m • the - ;DeitiiMpn) ,Yandr £the 'parcels shipped as Ipriiribt'ffregu.ently :Joose grading for 1 'so that l a* 5 gbfld deal 'of trouble ■ with buyers: arose over .both quality arid dressing. The result "was""tfiar~the niacin between ■ selling prices of, New; Zealand arid River Plate beef became 'reduced,' l, igid seldom exceeded Jdj per lb. ;; -. -. Y- ' ' *-. "..-STpCK E£CHAN.GE. ! ' ' ... .■ (sr-.TEr-Eatt^pa.—rKEss ASSOCIATION.) ; . . j :.!'J'.v'-i.-Vi il'A- 'Dunedin, February'2o; 1 'v.'^he'' following-' sales dre recbrded'-.on .the Stock i .'Exchange :» Golden!'.-Bed (4 •• parcels)/ 125.; Hessoys.: .55.:;: Talisman,? :a4s. 3d. - . 'STOCK SALES.: • h:, ASSOCIATION;) -. ,PALMErisTON,,.NoBTU; : .4 l 'el)ruary;-20.'' -.Loan- and Mercantile Agency- Company,"Ltd., report as follows:— ,At il?almerston;-biirs|lilu'sday we had a medium -lot oirsheop." Thebaic wa's not jbrisk, -but considerable business was. done at prices, in favour of purchasers." "TVe quote: Store'lambs, ss. Id. to 55.:3 d.; cull, l»mbs, ss. ;,fat, ewes, llsl lid.; 4-yfiar..jßojririgy;r eyfgs;;3s.' ; 7d;; )2-tooth Rbniney owes, 'iGsc 6df f aged rams, 14s.* to -18s.; '2-tooth B;L. rams, 2 guineas. - Y ' 7 .;.' i ?_: , ';YP,tLMfeR§TO.N'SHEEP FAIR. 1 ' • iMessrsJnlpaigetyw and. Co., Ltd., '''report-'is . oUriPalnjerston sheep fair' yester-.day''we',;-had'o^goodiyardin^.''of'sheep, ..but tho -dry/^Weather list#iiha'd -a .'depressirig effect -on •■tli6'"marke't., ?shere"was .a fair aemand'.' for : Jb'odi'- straight'Juiesiiif i.yoimg sheep'. Old ewes 1 / nlade / 2s.}';odv ;i 2-tqbth' 'wethers, . small,' 10s. 3d.; '-2-tooffi Swesj- fffs.'rtoCrts.-;-mixed cull 2-tobtlis, 6s. 9d.; mixed'2-toothS, ils. Id. ; EnglishYCeicester rams, 1| guineas. ii-' '.« ' /v; jCS : — ' ' ( ' MASTERTON RAM FAIR. S ' '; -i ;V (ny : \ -I -, Masteiiion,-February 20. The Masterton ram fair opened to-day with large ;of _buyers :from Manawatu anlPHawke'sYßay ,as. local'.bidders. At 'first bidding .wais :slack: Line after 'linO"was passed ' inr ,>and '.it .was nob. till, the ,very • best - sheep . '.jSetffoinCSiltiK. the, r&g-'tWt any ,'spiritedness was.-shown in the bidding. In stud Lincolns Jlr. E.. .J. :Riddiford topped the market" with • 'Bixty l .'giiiii'e'ss;-paid by Mr. H. B. Eglinton for a Romney ram. -For four stud Romneys Mr. ' Ri'ddifofdisfecu'redO'thb handsome "rfeturn of ■£165. The top price in 'st.ud'"Liridolffs wp's ,37| guineas.. Only' a -few."' : Southdb.wris'-were 15 guineas being the top'.urice. Of 14 Shropshiro st'uds '-submitted,;;brily"five sold the" prices Janging from 3 .guineas to SI.- It was apparent at the outset that'.the drought tTOuld Tje,,resppflsiblp,.,for . ealnny \purchasing. Unless, the sheep were in .tip-top.condition they were no,t, lookeid by buyers.- poor.'ewes we're to be seen in the stud sheep, • which caused , comment to the effect that a higher-fee should •? P •,!if '-. prevent the enteriiiiz of inferior sheep.- Vendors willingly pay,the . 6d .'J<s { °r the sake of having, their'sheep submitted at midday,.; j ' 1 " PJIOZEN MEAT.- : : ' .' " " ABSOOIATION. rm.' ft i . .''NAfiEE, February 20. " The Colonial Consignment' and Distributin" Company to-day received ■ a cablegram from London, giving • tho following quotations for ■frozen meat .—Napier, Wellington, North Island. mutton, lamb, ; first qualitv, 51d.: «88<@>d, sj(feißeef, hinds, 3Jd.; fores,' 7|d. THE METAL MARKETS. 1 BY TELEGRAPH —PRESS ASSOCIATION*—"COPYRIGHT -I.V.V-U -ui u..5,. v- ••London, -Februarv 19. Silver,r,2sr.;ls'-16dY.V:..' '' '■;•••: Y ~ Copper-On spot, .£SG 155.; three months, i .i£57,. 2s'j ij6dr;, ;al ectrolytic, ,£57 10s. ' -'' Tin—Ofl„sppt, 10s.; three months, £125 10s. „ Lgad, £U ~. . THE TALLOW MARKET. ' '• - London, Feoruary 19. ~At v the tallow, sales 1279 casks offered and ■ 553: sold 7 ■ Firie" mutton, 33si' "Oil.; medium, 31s. , ;,FihS bfee£,^ls'.:.9H!^'. medium, 295Y6d.BUTTER:,;MARKET. London, "February 19. . .-..iTho.v.arrivaLvof ,-J)fl,0.00 ! boxes-.of-ibutter lias steadied ihe market. There is ;fair demand •for Australian and -New Zealand'.at' ls(js'. and . occasionally 1525. The general impression is that the market has reached top prices. >• V a ti* - * - (BY • -aSSOCIATION. ) Pawieuston NoaTH, February 20. • r'TheriPalrnerstonaolilce of ; .the. New Zealand ■Farmers' Dairy Association' lias received a cable to-day from ilessrs. .Weddel and Co., "London, stating tliat the butter market is weakening, and thoro is a, strong downward : r Y ;: ; ;A Y, ' .
' understand, -at last-'audceeded" ta>.getting/tfo , eight-inch: casing past the obstruction 'which, has so long hindered 'operations *.itic , Noi>i3-lb6r®r :■; - atMoturoa/'y/'!' : Mr. ; >Simpson.' ; is;!the;" expert) , .selected by the '.Canadian:'Governmeflt-for;; the" v Taranala (at'-tlie "•retiuesti - . of the New Zealand Government.- --• -co n • ■ ' ' ■ THE MINING MARKET ' " 1 : Waihis showrXo'cKangeJ buViTalisinansi -with']: . Bales at £2 ■14s.',',rexhib'ltn;a-, shght : : -V market in other respects was featureless. The : buying and selling quotations were as under: — • i v .' Buyers. Sellers!*'S&. : r. . . £s. d. X'S 3 ' JE's d Talisman' ... . ... 2-13 9 214 6 211 0 Wa;ihi ... "-'..'.' 'S'lSiT • 0 — 1 ' May Queen ... ... 0 110 (r 20 : Tairiia Broken Hills 0 311 u 4 2 — o- Big River ... ... 012 6 013 6 — . WOOL SALES. t The fourth of the series-61 Welllngtbif-Vool ■' Bales will be held in the 'Concert Room of ■>, , the Town Hall to-day at 2 .p.m.' The cata-, . loguo will be .a very small one, for-less than' ' 2000 bales will be offered. The.,actendauce. is not likely to be very'lqrge because' of 'tlie :: - small offering, because many prominent buyers .H&ve Dolhinioh. As to' the market probabilities, there is no prospect of any advance, and it will be very satisfactory . is there is no further decline: The tone of the sales at. other contres does not give much encouragement. -Last.,-,year a-, -supplementai'y* . sale was held;in March,..but. it-4s.,Jiardly,ilikely. .that such sale-will, bo .hcldy.tliiy yeur. Orowers Beem' , -•... be .made -by; shipping 'to'Londonl' TIIE FROZEN 'SMEAT . twSfrJjetli Annual. Review of the Frozen Meatf Irade, .which deals with the trade of 1907 ;• ■Jls as usuali-fullv of .'interesting' ; 'deta'ilsJ^ln : the ■ general retrospect:.it.:is supphesywero ' concerned, the ; exceptionally ... large- increases in arrivals of mutton and lamb from. Australia, and New, Zealand: were conspicuous. Even with the aid of the increased shipments from .Uruguay and Pata- '• ?? "■!?', South American deliveries to'' -the V ■■ ,n? dom onl y slightly exceeded.'>£&osei of J9op. xhe very marked decreasd in importations of live cattle from North America entirely wiped, out the expansion in receipts" ot frozen and chilled beef, and left a large , . deficit m ; the,, quantity of beef available,, as .■ comjjared'►with"''the;'previous ;r twelve' 11 montli'S. 'No ' newt sourcc of supply was tapped last year. In connection ivith the demand a rejnarkable; feature...was.\:the:ivery:(greatt (increase i in the'eonsumptioii of lambs at' relatively high prices, owing in a large measure to the • prosperity of the industrial .classes, which .was. a. result ofC'tha ; activity-.'of trade generally throughout ithe United Kingdom. The demand was. sufficient to absorb, at fairly full prices, ■ tho.increase of 36,832 tons '.of frozen'meat"" ported. ■ The."Review"-adds:—"lt is exceedingly doubtful- ifvthe .past:,.vear'\was : a perous one to apy in, o the ..trailer es-', , cept f he grower.' Live stock was dear ih all the countries of. prpductjun/ and; left but little | margin for the freezing companies to work, upon; while market prices were generally ■ too high to' leavo retailers in the, United : . Kingdom«inore -ithan a "Very ; : T)are v margin of' profit.. : The high wholesalo prices were the more severely felt by butchers, as frozen meat l ; did not participate in the rise in .retail price's" . of many descriptions of food." ' - MUTTON, LAMB. AND BEEP. ~ With respect to market prices the "Review" comments'thus on the New Zealand supplies"The relative scarcity . and consequent •• doarness' Of "Caritlrbiiry ' slieep,' 7 oV pecially. small weights, were features of. the market, and resultedJn,!m,increased,consunip-- • .v. ' . tion of .North ''j'.. sheep, were only - occasionallyr offered.The ' i quality of North Island mutton usually, gave . complete satisfaction; and the'grading "if the V : best brands' compared..>favourably , with r the • grading '• of Canterbury*-'tkrcel's;-M7hich' some- . times lacked care. North Island sheep . : realised prices which were frequently close.'up to those for .Canterburys; but the margin between NortK-:lsland and ;A.ustraliai and River Plato sheep--was, 'as n-.rule, -unusually wjde. 1 : New Zealand ewes now being excluded'from V'army contracts lose one of their most remu- ■ - . iterative outlets, and .were ..only, .saleable , ; at *elativcly''loweV'.'rates'-'tb'an itf'ftrdviffus 'years. "Prime heavy lambs were never so scarce p£ during the year just closed; and the short- ' i age of tiiat class was the more keenly felt, owing to,.the,reduced. ; ofTerings, find;consequent; high prices'of Home-grown /mutton.--j Heavy,Limbs. wer'e""tlius' it''a'premiii'm' "which": was greater, and which lasted for a longer period than in any previous season. , The quality of South Island lambs was not quite up to the., usual standard, owing- to the,bad"season"tlfe'rej but the-bulk of- Nbfth 1 ' Island consisted of good, useful lambs, many . of which: were .intrinsically .eaaar .to-. Canter-
j, .'; CKpifn.1V : &ndarii- PRICES. ' ,;■ .. YW fl I . COMPANY. - VP4M Op.;; Jjtyjwc.; - Last. . . to , f>: "K ■ i -ji Forward ; g-.''Shaw., _ Buyer. .Seller., " gaio. :- InTestor - 'BANKS.. /: '£ : rT: ;j i;i. ■■£., -■ <■$. , d-.', 'A- .£ i- d. ' .£ s.'d.' i ' Few Zealand .. • f.imilb) r61,67-> "3S- , 3* ; 1 3o" .»1J 6 015 0 ,913 IK 3 9 0 • Kational - • . 375.00) 335,313 .. ; .15 .13. ' 5. 6 G 5 8 0 -5 1 0 ; 612 2 fe ;: :' KatS™^ ''-iro.mi''' Hfc&S&T .'.'v' nniia;; "is.' 'IVilwoi: !U.'8 a. ;i '7^6 59.! ' Xew Zealand - ECO,Off) ■ »71 li a. .'JO - "1^2 Eouth British - . - ICO.OOO 012,400 ;i .. n nlta.. 30 616 0 . Standard - • '■ -- 75,000 87,385 t : unltd. 10 ' ' 1 1 3 ; !•-'•! FINANCIAL '■ *.'■ ■■- •-,••• 1. " - ' : . • . Eqnitablo Building .' HUXM ' • ;'£>?«> I ;> 5', 5 i? 10' lOi'p 0 : 10--0 0 5 0 0 - Metropolitan Buildins . 21.G33 - 5,221 .. 10 nil ■ 7C 1 ---;'WellingtonInvest. - '60,003 . 3,033 ■ j ® J). 0 3. 6 0 0 V/ei'gtonTrustA Loan 101,250 44,'4'M 5 , ■ 5';..i 8l'■ j7.>8 0 7 10 0 7 8 0 5 8 O 'Kational Mortgage . - . 500,000 • ;312,250 , . r .a, 8 10 .8 « 0 . 3 1. 6 . 3 5 0 6 3 1 K.Z.andI(iTerT?lat0 - 3CO.OOO •. .'.C'M.OJO'' 1 1' » nil.r?? ,: 110 0' " 1 r _ 110 0 IIS 4 Loan arid Mercantile 135,-3J 315,133 .4 fci 5 *0 5 0 0 0 .6 0 -5 .0 .' 10 0 0 p-iw' ,.' • .GAS. . ■ ..V .. Auckland -" '??,351 B" nil - 1G - ----- - --- , ■ 1 CUristchurch .. . . 152,030 E5.C87.. 5 nil M 10 8 6' 10'0 0C - 5 0 0 f- • FcUding' - - . '10.805;. . 101 • ;l-,- : ;nil ». ri v "i : 1 "•'" ' . . Gisborno - . . .Vil7,cB)X10.5U, . 1\nil"/: in| 1 ■ i." v. ,\ . . • liawcra . . 8,553 ' 715 i . i' 10.'. ', I..-,.' '? KowPlj*moath ■ . '. 18,003 5 nil 10 717 6 ; .. fcapior • • • .'. )' 10 til 35 ■ ■ . ' . 1 -■Ai• . iS,037 }• 23,163 a 5 " 35 ■ ' ' ' .' l . .. ; . . ., - * ' • ) ,. .1,. ., 'J. A „,15. .**. ..A . 7 6 , : , Falraerston North " '£7,000 11,003> -■?. i • • >10 --1 -1' 0* f-.. Wellinston,0.™' lu nU 10 1815 0 ' 1017 6 . ' . MF.AX.::- 'V' ■■■'*'■ ' : ' v - Tanterbury' - • ■ 1 S3,727 C0.K1 71 . 25 8 718 0 Kv r 'Cbrtatotawh - • 138JJJ ••• i 'i7,C4i 1U. 'nil. • -t. 101! 0 10.17 6- jni5 0 ' 79 0 (•"••• ' . Dear r . . ". .. . r „ m1 l [C.-.'bT' ' l'V hili" '"5'i '~2"8"5"""""2 10 0 2 0 0 5 1 3 ■■ ,"' WJ ( • ■ . 4 S i2j . WellingtonMSat'Exp ' t ' M :)' 1 v 5'; . nil;- . ;-8:;"C.12 '6.. ... , - f 1C5.7B3 r' ■ r3.767 4 1 S .SO 0 5., 2 0 5.2 0 S 5 0 J IS 2J 8 -3 5 0' ' 3 5 9 3 5 6' 's 8 3 Wanganni" I..:45,SCO .,,5 ,., /nr,...ni,v." :: i TRANSPORT. . . .'•"!■ : ' ■ f-.-'W.&M.Railway • ■ 170,033 121.433. 1 1 1 2 3 6 2 5 0 2 3 6 ; 3 9 K:'.-. '•. ;■ K.Z. Shipping . 473.Si) . 113,731 ;v ...8... 1 nil. .5. .;. •' Union Steam'- - ,>...800,003 ;.' . 7.1 -nil.. '73- 112 0 -113 0 .' ... • fcii'. '; Wgto. Steam Ferry . ""(a • •IT"'' ml.' r -' 6" . . ,. ? A; : COAL. ' •; :. ■.,. .'. X'- Vestport . -'.fEO.CO) - 6'f. .n>7 .9 0 ' '7 -8 9 " 6 0 0 laupiri- : ; 't2l£0J- 5,333 ; ;-'l'. -/niU , ;-jj> l O'O , ; lfO: 3 ' ■ WOOLLEN. •: . Kaiapoi - . .. . • 100,003. • f2Ail . . 5 nd. 6 s,y 'liosgiel -, . . - ..,&;45(K ' X \17.21tJ rii;; 4" r3 1 o.~ : : ■ Wellington - - . -'■: : 'tS!,OOJ;l'<; ?■ . ti c- 3 »5. 0t S-13 0 ; .'f-S G 0" - 7 '5 6 — . MISCELLANEOUS. ■ , : ■ '.DonaghyRopo • • 47,033 . — ■. t - 6,0.,0. ,. .. ! 6..0 0.. Leyland&0'Bth.i . . .'£5,003 • ; , 27,751 . . : 15! .. .. . •-« 4 6 ' ;nS ,5 .0:: . 6 3 ; 0 llauricevilloLimj : , '7,0)3 ■ SOS ! 1 n 
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