FINANCE AND COMMERCE.

Dominion, Volume 1, Issue 140, 7 March 1908, Page 8

FINANCE AND COMMERCE.

THE SHARE MYRKET The 'market reverted to its usual quiet, tono. .yesterday',; the only' business. recorded being a ■ Bale''of ChristcHurch. Gas .shares' at .£lO. .There ',- was almost.an entire absence'- of buying orders;' as- a matter of fact oily two we're - reported, ' 'making it •appear- that investors are-.holding : off expecting changes. Bank shares ' were not qubted, and insurance: 1 shares-were: dull, with : sellers of Nationals nt 28s. . - For financial 6hares .thero.[were-buyers of .- Loan and Mercantile - at. as., with sellers .at.ss. id. Other quotations. were: National Mortgage, sellers, : . £3 ss:;'! Equitable Building 1 ,- sellers, ■ .£lO 55.; Wellington- ' Investment;'' sellers, '■> 125.; Ch'rist- . church Gas shares; sellers? : i£lo 25. : Gd'.Wellington Gas, sellers, £19 155.; Wellington Meat ; .Export, third: issue, ."sellers;,; £3,'55, 3d.; . Ley-. land-O'Brien Timber, sellers, ■ £2-4s. Gd.; and Now-Zealand Paper * Mills* sellers, 235. 9d. For Manawatu Rails, buyers bid -4as.,- and as tho "iS;-now'''engaged-.'6n.' its. annual .bal-, . ance, 'the' improved 'raarkcit price''df the shares ' - mayaccepted ( . a's - in -; indication •„ that the lesultaj'foi : -tns/ year -.aro'Vunnsually. "good. •• THE AIDING MVRIvET . • Tin® .marlibt-'fes .'also > somewhat -'dull;-! .'still there v waS: ; a;ti?rasTer t of..Waihi.v at M c.vdividentins TalisaSa'US jwere not' quoted, arid "if: is , .likely6*that'.:, : .thei disagreement between 'tho: \ Auckland andi Wellington shareholders if'not ' amicably-, settled ;will lead to a depression'in thoV I sharcs! ; vV,The. ' t buying'',and *' selling. ; quota-, ; - ; t ?°#f^? r^i^ re ' ) ! ! s^?' ler , : r : V',3(?P ea "j : -'3rijvi 2 -.: Buyers. ;.Selier&' ,:Sal?s,i ,r.- ■£ s. d> £ s. d. s! D.i Waihi , 8 19 0 9 1 0 9 0 u May Queen ... •,..•."0 1' 9: 0 2:0..'- *.—■ . N.2i Crown ... .<•••0 <1 2 — PATEA HARBOUR BOARD ''A"^msfilct>''(^taiidng'l'ihe^annud''-report and, balance-sheet;.of the ;Patea'Harbour"Board for the year ended December 31, 130?, is to ; : hand,- and 'is' in- many respects 'very -satisfactory. for 1 " the year amounted to ; >£3288 /13s.'' 4d/, ; 'ans increase of ;'J!74'-'7s.' 4d. over ther /previous- iiyear,' whifCil-the:f• expenditure amounted,-.to -X235G ,=.l9s. - 7d, or J8372 15s. .4d: less.; than in: 1903,'; when r there'--was an :extra- . ordinary .' expenditure'; for" vyharf' repairs.;. In : 7.599.. tho i. amount derived! from: wharfage .was ... :iast'yea.r v this expanded-to ~£l9Ol, •a ■• i gain- : 6f;jpp;p6r:cent. in''eiglit years;', testify; - - ing'i.'to ;the .'progress i of'"'tho ! . little , port.' 7 /This increase does 'riot appear to' be derived (from : the raising of the wharf dues, for the,inward : : cargo.';during: the, period'; exhibited':consider-able-expansion.- r-The ;inward cargo, coal: being - Bhowji---'separately ■ '.from-, general, >and thenet ;' : wharfages ; foy. v . each ; of. ; .tho..<past';.eight 'years ' compare'as under:— '•' •- <• Inward cargo. . . General. Coal/ Wharfage. Tear.-. . ' ~ . Tons. :Tons. ..-.£ 1893'. ... ...', 6550 .' 4501000 ' 1900 : ... ... 7990 ' : ' 1051' : 1183 ' 1901 : ... ... 7034' 1837 . . 1036 ' 1902 ■ . ... 7702 . 201 G.". 1292 . ' 1903' :i i..9168'' 25-14'" ;! 1388 - > • 190t' ... ... 5874 2339 1572 - .1905 .:... £079 . 4{53 1495 ' . . 190G • i ... ... 7959 .. . 3001 1675 • ; . ; -1307- . -95SS . . 2SS4 . - 1901 Patea:is the shipping; port for a 'considerable •*<•'' quantity .-dairy "produce,', the exports. last ■ year, including 65,46G cases cheese: and 81,494 ' Doxes butter."' There was also exported: last : year,:'43B4-(juarters!of ,beef .and 5663 carcasses of '.mutton. .Further.' ovidenco of .the 'iijcreasing ;. tradeiof'tho. port-is'shown' by..the' riumber, of ■ ;■ boats.'.in and out, 'ivhich had from 149 in' 1899 to. 282S in' 1907.-'. Patea' is a' convenient-. outlet for ,' a . extent.:.of , country,' and; if : the.',port charges are kept at . a reasonably low level 'the trade must expand, especially in respect • to ..dairy , produce. ; ir Th'o geu'erali accoimt shows; that the receipts for. the-year Amounted to £2156 i IBs., and the expenditure, including interest and sinking fund; 10, £2723 Us. 2u., showing .an excess.of ■ receipts: of - .£34 Gs., lOd. -Tho -.debit '.'balance . brought fonvard JC-162-, '13s. - 10d., so that at the (ilosd of. the year this had'been reduced to.,d£42B>'7s!;' which; .was ' the ' amount' of- the bank::ovordraft.' ;jhe ' cash' liabilities of the Board.consistvofitwoiloans,aggregating £26,870, bearing interest at -ij.per cent., against which :••..» there are sinking, funds-ainpunting to: J!1084 los. ■■ TIIE MONEY MARKET. ; ; V, . In" dealing . with tlio quotation for Imperial Consols, which 1 advanced' 55.• on' Wnlneiidny, ; we indicated vvthat-i.the improved price gave evidence", (if-a: further cheapening of money, and- it' will be. .'eeen . from, our cablesthat . i.this deduction .was correct, : for, the Bank oi • riiscountYrate' has been' reduced ;tc . 31. per. cent., a rate - that has : been unknowii since September 13, 190G.' ; The cheapening oi money in London means "slackening of trade and- falling;prices' for- commodities.-"All giltedged securities will improve, but lower price; must l'Ulo . for wool, hemp, ''hides, metals, anc other commodities. . There jvill, of course, b< fluctuations, "but ,the general'tendency will b< downward?. Colonial Goveriin.ents are . likelj to transfer their borrowing from local market: to London. ": MEETING OF: TALISMAN SHARE-' ' HOLDERS. (bt TBi.EGniyn—sitcial coutiespondekt.) ' . ' Auckland, March G. About. forty shareholders in' the Talismni Consolidated attended the meeting . convenci for to-day by .Mr. G. A. Buttle (chairman o the. Auckland Shareholders Committee),'to do '• cide what action,' if any, should be taken ii the direction of nominating a colonial repre Eentative on :tho Loiidon Board of Directors The circular issued, by the : Wellington Com mittee asking colonial: shareholders to suppor ' Mr. Geo. Wilson : for tho : . position _ was alsi considered. /Tho" point at ,issue. wa; whether: or not.Mr. ..Wil.eon, being a share broker, should be nominated'in face of a re tolution carried at a meeting in Auckland ti the eiTcct that no gentleman of that particula profession should receive nomination. ■ Dr - Knight and Mr. Weston, representing Welling : ton shareholders, wore present. Mr. Buttlo, who presided, traced the his tory of negotiations between the colonia shareholders and ; the directors,'and-referrei to the circular/mentioned. On seoing th latter he said he. had written rather sharpl; to Mr. Weston complaining of a lack of com 4esy in-that the Wellington Committee hai not 6ent him a copy of it at the outset. % Mr. E. Mahoney said that the resolution o • • the Auckland meeting was practically unani mous ; against - a .; sharebroker ropresentin colonial sharoliolders ca the' Board. This viei

was'*generally;held by. the. majority of' share holders. He thought it', was' a pity that ail] friction , had arisen. He ;.moved: , . That this.'meeting of shareholders appreciate generally what-has been' dono by the . • Auckland' Committee in the interests of local . shareholders, and .specifically "in their, .opposition to tho candidature of Mr. Geo. Wilson .for the London Board. : /This.vVfas, seeorided;:;: , , . -~ Mr.r Gerald '■ Peac'bcke ; asserted that. thing: were being done-'-by the London-\Board un known/ to shareholders. There should be ai independent board, who would not in the) in terests of. shareholders alone. If they '.re elected one, of. the. London Board's own part; (Mr. James) this ' independence-- could not bj secured. He scouted; the idea;'- however, . th'a Mr. ' Wilson- would' lend' himself to ariythini improper, arid considered.; him a. most suitabl man. to represent colonial shareholders;' / . Mr. E. ' Anderson raid, that • the differehci between' tho Aiickland and Coin mittees;.was ..small,^/The ;,fo,rmeiv contendedti would' bo : un«:ise to -take "tho only mining, eh ginecr. (Mr: Jaiiies) the.-Board and: put- 01 a large, :dealer in'. Talisman.'shares. .The -Wei Jingtori; C6m'mit{c6/^qn°thb - 'othcr' hand, ;■ wontei "'Mr. iWilsoh-' ptit on 7' and' this' Was opposed b; the Auckland Committee because, that gentle man was :a sliarebroker. ' " ' - ■■ y " Mr. Weston explained - thd; attitude of th Wellington Committee. !He .' could ' never bc the .force, > of;/objecting': to.! Mr. Wilson becaiiS' :;se;- wasyatshafebrokcr.HnHo .was going. to sup -port -''.'v.V'Mr. A r ii'JdfsbnrTou" prbmised: not' to. : N Mr. Weston/ I am' going • t0.. ; Ho blamei the Auckland. ComritiMee' : for .not- suppovtih .Mr. - Auld (the present colonial - director) a the outset. The Wellington Committee wa going , to' see., Mr. Wilson He hai just 'received; a -.telegram'., from! Dr._;Newmai . to' tho 'effect, that 'proxies' were' coming' ir It - was not only Wellington,. but the whol of' the; shareholders,'. in' ;the South, were i; favour of: Mr; - Wilson's nomination. H .wished to-;omphhsise the fact' that the 'Wei lirigton WConimitte...'unanimously ' deeired' t retain. the . services;' of VbothMessrs.' -Bewicl; Morbing.'and Co. and- Mr; Stansfield.'-,;! K Dr:..Knight .said . tho" Wellington ,-Committc - was surprised on learning "that the Aucklam Cdmmitte6 : .suppbrted:' Mi'.i C.. James for th ,'seat ; on'the Board.'. .This 'appeared to them.'t mean that Auckland had. definitely , decided'-t ;part from' Wellington;- " Mr;. Auld was a[ pointed at the point of the bayonet.;. Tho We] lington' Committee'-were supporting. Mr. TVil ™ because lie; had foueht for colonial. 6harc : holders'' rights.. They, did not want,i'to ; par from -Messrs. Bewick, ;Moreing and Co.. bii considered- it , improper, that that; firm shonl 'nominate a',, colonial 5 representative on. thi Board.Mr..Wi]son~ : tiad given- 'his .'nssuranc ■that, he would not. ideal', further, .in; Talisma: if elected. If *Mr. Wilson,.was defeate on this ..occasion'. it wouldbe a'sad- day. fe ,the-Talisman C 0.';.;.":,:. ' , . ', Mr. W.-.Bi- Cplbe.c.k.;;spoko. in support of:'th actions of the-Aiickland Committee. ; After-somo further.:discussi'on,'.-Mrl Mahoney: resolution- supporting'" l the "• attitude ,of .th . Auckland .Committee: was carried by' twent votes to. ten. •...;. > •'■ Mr. Gerald Peacocke. then moved:.' ■ That- the Auckland Committee 'be in-'.structed-.not' to'suppbrt the candidature of • Mr.. James. ' ■ *Mr v ' : Anderson ..'moved 'as an amendment:. . :'That','-;if •,a' , 'smtablo'colonialrresident in %s England be not forthcoming, the Committee should proceed to nominate Mr. James,' , reserving .the.-.right: to. elect another, representative as soon- as a suitable" gentleman could be-found.. ; The amendmentwas. carried. ' Practicall' therefore, the Wellington and' Auckland shari . holders agreed to differ.' ; :. WAIHI RETURN. . (BT TELEGRAPH.—MESS ASSOCIATION.) ■ i Auckxa.vd, March G. During tho four weeks ending February i last the Waihi Gold Mining' Co; crushed an treated 23,837; tons of :ore, for a return' ( 'bullion : valued, at. £G8,560. Compared wit] the'return for tho corresponding period of lai ■year. (£06,680 from 27,453 tons) this shows a increase of over £2000.: The return is alt 'but £1000'short-of-the record yield from th ; mine, that for April; 1906 (£69,906). The yiej for January last was -£G0;241 from 25,133 ton The, total amount won from the mine to dal is £6,415,229: • -■ ■ . . .- : ; , . WELLINGTON MARKET'REPORT. The New Zealand Farmers'-Co-operative Di . tributing. Company, Ltd., report as follows'Maize,.'ss.; wheat, fowl, ' ss.' to 'ss. 3d.: oat: prime- feed, 3s. to 3s. 3d. ;■ oats, crushed, 3s.' 6d barley : feed, is. 6d. per bushel;' Cape baric .seed; ss. per bushel. Oats,-Seed-Gartons,'Dun Sparrowbills, Algerians, 3s. Gd. per buslie .Horse beans, crushed,. ss. per bushel pollari ; Australian, £9. Bran, £6 10s;-per ton. Sii rosine, 200's, 15s; Cd.; 100's, Bs.'6d. .Prime oaten sheaf chaff, £5. Hay; Englia grown; £G 10s.; straw, wheaten. and oatei £2 15s. per. ton.- ' " Potatoes, new whites, £8 to £9; reds' £] ; onions, £7 10s. per ton. . ' .Butter, separator, Is. Id.;• iflilled, Is.; daii pats, Is. per lb. Eggs, fresh, ls., 4d. per doze: ; Factory bacon, sides, 9d.;'rolls, 9d.; hams, 9: i Honey, 00's, 4Jd.; S.Jlb. tins, 10s. 6d. per dozei Beeswax, Is. Od. Fungus, 4Jd. to sd. . . Walnut ' ,sd. to' 6d.' per ; lb. 1 " Porkers, 70's to 90's, 4d. to 41d.; 90's to 100' ' 4d. Heavy pigs, '2}d. to 3d. per lb. Cabbage, Bs. per; sack. Green peas, lOd. p ■ peck. • Rhubarb, 4s. per dozen; Carrots, tab : reds, 10s. per sack. . 1 : Plums, 55.; peaches, Gs. to 75.; tomatoe ' 4s. sd. to ss. 6d. per half case; cooking apple ■ 58. to 6s. 6d., dessert apples, 7s. Gd. to 10s. pi -■ case.' ; ~ ', , i, Poultry,' table roosters, 35.;, cockerels, 4s. ' ss. Gd.;' table hens, 3s. to 3s. 6d.; ducks, E • to ss. Gd., all at per pair; turkey, gobblers ■ hens, lOd. per lb., livo weight. ' Laery and Co., Ltd., Wellington, repo • wholesale prices ruling on' the market: 1 Wheat, fowls, ss. 2d. to ss. 4d.; oats, 2s. 10 1 to 35.; seed oats, 3s. 2d. to -35.;, 4d.; maize,' 4 ) lOd. to ss:; crushed malt, Bs.; prussian bli r peas, 6s. to Gs. Gd.; fowl peas, 45..6 d. to 4s. 9c - all at per bushel; flour, Neiv..Zealand, £] 1 Australian, £12; bran, £G to £G ,55.;. pea barley, £18; split"peas, £18; bonedust, £ f superphosphates, £4 15s. to £5 as.; chaff (oate - sheaf), £5 to .£5 10s.; oatmeal,. £13 10s.; nc • potatoes, whites, Bs. to 9s.'Gd.; .reds,. Gs.-to-, I per cwt.j bacon, factor sides, B}d,; hanu, Dd /

rolls, 9Jd.; butter, bulk, lid. to Is. Id.; poultry, lions, 25.. Gd. to 35.; ducks, ss. Cel.; turkeys, gobblers 15s. to 225., hens Bs. to 9s'., all at per pair; cauliflowers, 4s. to Bs. Gd.; cabbfiges, •is. to Bs., all at per sack; pens (green), 9(1. to Is. per peck; fresh eggs, Is. 3d.-to Is. 4d. per dozen; cheese, Gd. to CJd. per lb.; onions, ,£7 to J27 10s. per ton; Akaroa cocksfoot, 7}d. to BJd.; ryegrass, 45.: to ss. per bushel. LIVE .STOCK MARKETS. 'The New Zealand Loan' arid Mercantile Agency; Co., Ltd.,- Feilding, report:—At Feilding on Friday we had a good entry of sheep, which met jWith good inquiry. Lambs showed an improvement on. last week's rates, while breeding' ewes sold well. A good demand existed for wethers. Cattle were dull of sale, and very few were penned. Cull lambs made from 3s. sd. to 3s. Gd.-; aged ewes, ss. lOd. fat; ewes, lis.. Bd.; . mixed ago breeding ewes, 12s. 2d. to 12s. 10d.; 2-tooth wethers, 10s. 10d.' to lis. 3d.; 2 and 4-tooth wethers, 10s. 7d. to 12s. lid.; forward cows, .£2 to <£2 175.; cows and calves, 235. : Messrs. Dalgety and Co., Ltd.,, report:—At our Feilding sale on Friday we had. a very good yarding 'of sheep and a small entry -of cattle. Empty cows made from 16s. to 375.; empty heifers, 425.; woolly lambs, 3s. 5d., ss. lid., Gs. 2d., 7s. lOd.; shorn lambs, 3s. -Gd., 4s. 10d., Gs.; cull ewes, 2s. 5d., 45.; full-mouth ewes, ss. 3d., ss. 5d., Gs. 3d., Gs. lid.; soundmouth ewes, 10s. lid.; 4, 6, and fresh, and fullmouth ewes, 12s. 5d., 12s. 6d. There was a good demand for all classes of young sheep in fair condition, but backward i sorts wero hard'to dispose of. . Messrs. Dalgety and Co., Ltd., report as follows on their Levin sale, hold yesterdayWe had a fall yarding of sheep, 2600 being penned. There was a fair demand, unsold lines being quitted immediately after the sale. We quote: Small woolly lambs, 4s. 9d., Gs. 2d., and 7s. 9d.; shorn lambs, 7s. Bd.forward owes, lis. 4d.; 4-tooth ewes, 155.; 2-tooth ewes, 13s. 7d.; cull ewes, 25.; aged ewes, poor condition, Gs. Gd.; Romney rams, XI, 3 guineas, 3fc guineas,' 4 guineas. Cattle—Yearling' heifers, 255.; aged cows, .£1 . to ,£1 10s.; heifers with, calves, >£2 4s. Gd.;' , springing'cows, to JCO; empty forward cows, ■ to .£3; 31-year bullocks,£4 10s.; 3-year ditto, £3 17s. Gd.; fat cows, to' £i 15s. • ' WOOL, SKIN, HIDES, ETC. "A. H. Atkinson and Co., Ltd., report as follows on their Feilding sale:—To'iin averngo attendance of buyers we offered a medium l selection of wool, skins, and hides. In the face, of a reported fall in the value of hides in Australia we had. a remarkably good sale. - Ox hides, of medium-weight, made up to 5Jd. Skins barely maintained .' former prices, the extra wool - grown being about equalised by . decline in values. Wool.—Fleece, medium - crossbred, - 4Jd. to 1 5Jd.; lambs', 4Jd. to 63d.; dead, 4d. to 4Jd.; locks and pieces, 2Jd. Skins.—Crossbred, fine; GJd.; medium coarse;f 4Jd. to od.; broken, 3Jd.; sandy, 2Jd.; shorts, ' 4d.; lambs', 3d. to 5d.; broken, 2}d.; pelts, '1 3Jd.; inferior and broken, Id. to l|d.; dead, 34d. to 3}d.; broken, 2Jd. to 3}d.; half dry • sf.ins at each—pelts and shorts, Is., Is. Gd., Is. .7(1., Is. Bd., Is. 10d., 25.; lambs'' pelts, Is., Is. id.; woolly, lambs, Is. lOd. to 2s. 4d. Hides.—Ox, light, 4fd.; medium, 5Jd.; cow, 3|d.,'4d„ -lid. to 4|d.; cut, 3Jd. to 3Jd.; Slippy, Id. to 2(1.;' rough, 2id.; yearlings,-3d.; slip, 13d.; "cut, Id.; calf, jli-d. ,to 4Jd.; cut and slip, IJd. to 31d. '< Tallow.—Casks,.2os. 9d. to 21s. 9d.; Tins, 15s. ■ 9d. to 18s. 3d. per 'cwt. i Horsehair.—ls.'lid. per lb. • - MOUNT LYELT, MINES; [ BY TELEGRAPH—PRESS ASSOCIATION—COPYRIGHT : . - .MEr.BouitNE,'; March .G. • ( , : The Mount. Lycll smelting return's... from i January 30; to February 26 (inclusive) , show thdt ; 32,l2G tons'of '.or'e were treated,'also 1246 > tons-purchased ore, w;hich yielded 721 ton's of - blister: copper,-'.containing :' Copper, ' 712 tons; ;■ silver;'sG,9sß,ounces; gold, -1833 ounces: 1 i . ; • • -• THE MONEY MARKET. l: : BANK-RAT! REDUCED BT TELEGRAPH—TRESS ASSOCIATION— COPYRIGHT ' - • ' Lonpon,-March 5. •'•• ' ■ The Bank of England official minimum'dis- ? count rata has'been, reduced-from 4 per cent, i to 3J per cent. . . '. N - . . ! . THE WHEAT MARKET. 1 BY TELEOHArn—ritESS ASSOCIATION—COPYRIGHT E ; ''. _'V. ' ' London, March: 5. ; Wheat is. now Gd..dearer. I ' The American visible. supply of wheat east J of tho Rockies' is estimated-, at 57,917,000 bushels. ;■; : I ', " ' RISE IN TIN. ' V BY TELEGRAPH—PRESS ASSOCIATION—COrYMGHT 3 •-, ■ - ' London-, March 5. The'spot quotation is JEI3G (rise of £1 155.), and for .three months', J2132 ss. (rise of .£4155.). > -Tlioriso. is owing -to'.sales' of Banca tin being . reduced. , • ...-- 1 .- . ;. 1 -■ а, 'BANK OF 'ENGLAND 'RETURN; >• " -BY' TISLEGHAPII—PP,ESS ASSOCIATION— COPYUIGHT . . . : (Rec.i March 6, 9.35 p.m.) London, March 6. ■ . Tho Bank- of England return issued for the week v ending Wednesday, March 4, is as £ under j ■ Issue Depabtsiekt.' ' ) Notelssue"' £56,364,000 'Gov.debt i 11,015,010 B -, Other Bocuri- - ' ■« ■; ties ... 7.434,006 | .Gold;. ... 57.915.000 '.' r ' ■ £56,364,000 1 ■ ' £50,361,003 BANKING Df.partmext. B Proprietors'" Govt, so'curi--capital £14,553,000 -ties :..'• £14,319,000 - s Public dc- . Other sccuri- „ " posits ... 18,710,000 tiba . 33,018,000 . D . Other do- . ' " .1 . T ',-posita 40,761,000 Notes ;.. . 28.152,000 • .. Ecst, 7-day .. . ■ andothori ' Coin .... 1,366,003 bills ...; 3.731,000 . £77,755,C00 '.■•'■•' £77,755,C00 .- . Tho leading items of tho Bank, of England ; roturn afford tho' following comparison .... ■ This wook. Last weak. Last year. Bullion ' ... 37.015,000 37,056,000 Bemrra :.: • '... • M,618.000 25,030,000 26,41.0.000 Note circulation 28,212,000 37,611.000 - 28.130,030 Public Deposits .17,716,000 .16,011,000 '. . Other Doposits' . 40,761,000 ' 43,729,000' 42,856,000 Proportion of ' ■- " ' ' • reßerveto>- ' " - - ' ■ '■ . liabUitios ... . 49.53 . 49.13 44.82 . GOVERNMENT SECURITIES; The following are the latest quotations for tiovernmont securities with a comparison, of those ruling last week:— . . 1/ , 1 : ' , Variations a •-- Prico - combed ' ' last weok. f • £ s. d. ? 24% Imperial Conaola... .„ 88 S 0 17(6 higher 4' „ N.SAV.IOO3 Jan.-Julj ... 110 0 0 Unchanged 0 ' „ N.S.W. 1918 Mar-Sept ".... 99 10 0 Unchanged" e 3'„ N.5.W.1935 Apl.-Oct. ... 89 0. 0 80s. lower d . 4 „ Tic.'l92oJah.-July... ... 104 0 0 Unchanged 35 ~'Vic. 1921-6 Jan.-July 101 0 0 Unchanged 1- ' i „ Vic. 1929-49 Jan.-July r ... 89 10-0 Unchanged 3j „ S.A. 1916 Jan.July 100 0 0 Unchancod' 3 B.A. 1916 Jan.-July ... 87 0 0 20s. lowcr - 4 „ Jan.-July ...107 0 0 Unchanged 35 „'Q'rdl92l-30Jan.-July ... 100 0 0 Unchanged' 3 :QTdl922-47Jan;-July ... CO 0 0 . . Unchanged' -4 „N.Z. 1920.May.N0y.. ... 109 0 0 .Unchanged? U 3i N.Z. 1940 Jan.-July ... 100 0 0 Unchanged 3' „ N.Z. 1940 Jan.-July ... 88 10 0 355. lower - 34 „ W.A.19£0-35May-Nov ... 88 10 0 Unchangod !> 3 „ W.A.1915-35May-Noy ... 88 0 0 Unchanged 84 „ Tas. 1920-40 Jan.-July ... 9915 0 Unchanged y- 8,. Tas. Jan.-July ... 69 0 0 Unchanged [• THE MONET MAREET. Tho open market discount rate for best three months', bills is 7s. Gd. lower at £3 2s. jj 6(1. per cent. The Bank of England rate, is ( 3J per cent.,. to which it was reduced on ' March. 5. ' .. - ■ •. 'COLONIAL AND OTHER PRODUCE. Wheat.—The markets are firm, with a cheer--7 ful tbne, and cargoes are more' animated, '• afloat,' offering at 36s. 1 6d. and 375.; *•, February-March shipment, 376. 9d.; steamer '• parcels afloat, sold at 365. 3d. Flour.' is firmer, I Australian' offering at 28s. to 295., landed.' :1 • ; ,; . B ' . Butter is firm. Colonial ■ clearing satisfactorily. Choicest New Zealand, 120s. to 1225.; | r Australian, salted llGs.. to 118s., unsalted 1205.; '® Danish is' unaltered. Sugar.—German beet, 88deg., 3d. higher at s > 10s. 3d.; first mark granulated, f.o.b. Ham3 > burg,' 3d. higher at 10s. Id. per 'cwt. !I Bradford .Tops.—There is ' little doing, 40's are a farthing lower at lljd.,'other counts un:o changed. - s- Copra.—Tho market -is flat. Tho supplies are large. Sellers of outhsea, in bags,-want J215 7s. Gd. ■•- r - . - r . r l 'THE METAL MARKETS.' :i. Copper.—Spot, 225. Gd. higher at ,£59 2s. Gd.; s. three months,- 375. Gd, lower at iSS6 ..125.. Gd. 10 per ton. ■ - - '' Tiii.—Spot, £~ 2s. Gd. higher at lOs.; 2, three months, '£3 10s. higher at COI3IIOS. per rl ton... ' ■ ■ 5; Lead, 2s.' Gd. higher at <Cl 3 15s. per.ton. a- Pig-iron is- quoted at 50s. lOd. -per ton. w Spelter, 75,. Gd. lower at «£2O 15s. per ton. б.. Silver.—Bar silver isiquoted at 25 7-16 d. per ounce staadard..

WELLINGTON SHARE LIST. \ ...... . ; • . . ■. ■ KuS &| Liibil- .v - PBICE3. : TIeM COMPANY. ;i • p %'; Balance- ityper 3>' Lasi • T to , ' s ■;.. ■' p> Forward So Share. rip: ..Buyer. . Eeller- Eal0 _ : Investor., TCAWTTq .- ' g \- .. , £ ; ' t - £ 8. d, 1 '■■■£ B. d. ' £ B. d. '£ B. d. ; /few Zealand ' . :' ; ' r 5,000,003.• •' : 31 , Si 10 - S?2. ® 1 »" q ' f ° Rational, 375,000 : - 335,318" .. .jJ 15 12 6 6 .6. . M. 0 5 7 0 ,6183 " INSURANCE, ' '1 '■ -in'mtn ' '1 'R 1 ' fl 1 1' fl • A r 7 Q National' "'-'x ' JOO.MO • ' J nnlM.' 15 ' ... • J .5 2 1 8 0 . ( 1 " ; Xew Zealand . - 300,000 : .296.5" B, 8 10- . lit n South British . 100,000 •' MMg •. 1 nnltd. .80 '.,-, >. - ■ ... . . ..Btandari75,000 . 8i,38S • - j nnltd. 10 ; u 7.-V • swob'-: -.-6 ■ 10- M0'.2;.6:10.;5 0 10 0 0. 5 0,0 ; . Metropolitan Building 21.000 ,.5.®S 10 nil -7' n -.«•« -1 c n n Wellington Invest. r .60,000 3,933 ' i i ' . « - » « n - 1 ' !?! .Wel'gtonTrust&I.oau 101,250 •<«*»-. 6 5 ■' -.-8- 7.8 6, .-' W O. ' ' 8 J J J * Kational Mortgage. .- 200,010 ■ 2' •. • 8'V •' 10'"" r^ri;.'"!£ ! 5 ,3 J - N.Z. and River Plato - 300,000 " /SBW.- 1 .''nil-,: \ X .. 1.4 S-. .-4H S ' ,: i « #• in n n Loan and Mercantile • % 135,233 315»133 \ 8i , 5 .,0 5 0. 0 fi 4. 0 5 0 10 0 0 gas.- 'l/Chrirtcharch .* I S "'8$ I $ 1 I ' . . » « 6 10 0 0 5 0 0 . Gisborae " I i?!® .IoJh . 1. nil. Mj 7 3 3. 9 ' ;.213 0 310 0: 5 10 0 Hawera - - . > . 8,250 745 ■ 1 •• i 10 - - - . -HewPlymouth . 18,000 3,10 6 .nil 10 ,, . /. . ..* ... Kapler -.. - -. . . . • V .-. „ . 10 nil 15 • - . ; . 49,957 r "W83: -5' 5 15 . ' • : ■: ' ) i 15 3 1 6 ■' PilmerBton'North / a000 '11.W5. ' 41- i 10 t 7 0 ... - Wolltogton ■ ; ,. ; J24i570 > 10 E 6 d . \° 6 6 ■' ® v.. .-'iffiAT. : v vv /■ ■ : \' ,-vr- - . Canterbury i.K'183,727.. ' £0,074 fy, • Y®.'f0 0\ ■ Christcbuioh /' • » J 169.39D ,• jo., ait ... : .8 .. . . . . ••,. Gear • - - • mmvit' ; 96.26 l '.'1 " nil,. lij -.11 6- S10 0 S.-8.0 6 1 S V • . Vl . " . .. . :.:w. . i 6 lij 'V Wellington Meat Bid • ) ' . . 5 »>!• . 8 . .. '. - 612 6 • .103,766 , 53,767 ' I -1-' 8 5 0 0 5 3 0 5 S, 0 6 5 6. • 5j , 2j . B 3 5 0 -3 5 3 ,35.6 fi S 3 Wanganui 1 ' ' ' .C.650 U.401 • .5 - nU..: .'8 ' V, TRANSPORTS.' •' ' * * ' i ' •' ' ' '' • ' Railway. : - 170,030 121.453 ' . 1 i 1 £50 2 3 6 I 3 9 -■ K.Z,Hhipping, . r .173,810 113.751' 8-' mU , .5; , . , ,, , ; Union Steam V 800,000 1 niL , 7i .114 S 115 3 . • Wgtn. Steam Ferry. • 46,231 65 1 mL 6 ' - . COAlj. V.' Westport.... ' i - EE0.001 117,215 li 125 7 4 0 7 5 0 7 8 0 .6 0 0, laopiri : 82,501 6,3-39 ' 1 niL . 7i 100 110 .106 . 7 1 "6 , • \VOOLIiF,S. • - ' ! - : :. - V ' Kttianoi- V.' • 100,000 32,Sol 5 nil. 6 . ■ Kosgiel - . - 83,457 , '17,213.' 34 14 ... 4 , 310 ' Wellington - J - ifi.OJJ B4,3t»J - 4 1 6 3 3 0 -3 I 0 St 0 .7 5 6. l!ISOi!Lr,ANKOiIS. " ■' • DonaghyRope - -. 47,0M : - : . ; , 5 —. 6 0 0 ' . XiOyland&O'Brioa-'-35.0J3. ; 37,761 , 1 'nil ,15 2 i 6 \ 8 5. 0 • 6 3 0 1 ' MmiricovilloLimj .7,000' . .201- 1 nil 8 , ; - '. '' • H.Z.Cand!o - ' . : 10,001 ' - - 10 >» - ; ■' \ - -.. K.Z.Drugs £00,000 M.511 .nil.. .7 , S11 0 £13 0 .in 0 6 3.0: ■ K.Z.l'apor Mills 9-1,755 H" mi .' 7-133- ' 1 3'9 VI 3 3. .6 0'5 . K.Z.Cemont- " 40,001 • 2,741 • j. nil - 1 12 0 112 6 ' Manning&Co.' -•" D6,(B1 .-S7.670 - < .1 : 10, .' ' Ward & Co. - - " ; .80.000 iO.Ooj . 4 : lv-.- 10 414 0 ■ -,- .AVgtn:OperaHo'u3#'.-'./1&,63'J ; ;-..;l>705;. '.6' nil . .'.;8 . . . . WgtnTreBhFood-28,261- .. . — - 1 ml;.. .- — -i : " ' :-Wbitcombe&Tomtis : - <5,2oJ .:S0,153-. 5 - nil 10- .. 4 8 0 J ■* Bharland, Limitsi; ' • 43,67a- 9,311 1. nU . : H. . 019 6 018 3 ' 8 4 .4.