FINANCE AND COMMERCE.

Dominion, Volume 1, Issue 236, 29 June 1908, Page 10

FINANCE AND COMMERCE.

THE SHAKE MARKET. ' Investment shares ■ wero extremely quiet on Saturday, especially as regards tho fashionablo stocss. Eanlc shares lacked animation. Now' Zealands were • wanted at ,£9 2s. 6d., and Nationals woro.on sale'.at..£s ss. Cd., both .quotations being 'cuni. diviclfeiid.,- Financial" shares ' i\ ero «j S e Ui«gto"n. •• Investment,: buyers life. Cd., sellers 125.. 3d.; Wellington' Trust and Loan, sellers »S7 10s.. Other quotations'wore - :— : Uinstchnrch. Gas, buyers .£9 17s-. Cd.; Feilding. Gao, sellers 20s.;'Soiith'British ,, InsuVaniid, ; '"'sel- ;: Jeis £2 15s.;. : Stahdards;-syier.o-,''223."3d/;'Christ-i church Meat, sellers ,£10; Wellington 'Woollen, buyers .£3 _75.; Westport- Coal, sellers iG 10s. More activity was displayed by the misc'ellaiW' .eous section; there vrerp more buying.orders, and a development of business is ; veFy-'p'robsblOi ■ JJonaghy Rope aiid Twin'o, buyers 235., sellors 245. ; D.I.C. preference, buyers 21s. 9d.,'sellers ■sis.; Loyland G'Brien /riniber.j, buyers 425;.>i6d..-. sailors 435. Cd.; NX Paper Mills, buyers 21s. 9d., sellers 225. 3d.; N.Z. Portland Cement, cum. rights, buyers 235.; "N.Z. Times," sellers' iss.; hharland s, ' sellers 20s.

THE / MINING MARKET. There, was quietness in ■ m? i a 'and Blackwater /Reel's-- at 21s.'3d; lalteiuans are very loiruow, and ought to bo worth buying. Tangiaros woro not quotedi'-'TK!) I quotations wero as niftier:— ' ; , ■ ' , * Buyers. 'Sellers. ' Sales." ... J! s. d. Ms. d. &s. d. Waihi ... ... ... 8 13,0,, 9' in, 9 0 0 • Talisman . ... 2'3 -9 <2 <£• - f L_ blackwater Eivcr — 11' G : -1 1 3 N.Z. Crown .'-,0 G ',0 0 fl:'G ■ ' «iwr 1/ i '?G &>x : TEE AJIERICAN OUTLOOK. . In.his. speech at tlio jecont nieeting.of Bank t of New Zealand shareholders, tho chainiiau de-' clared bis cpnvictioii. that the Vdeprossibh,""such as it is in.New Zealand, will liotjast. long,raiid .. , as_ regards . tlio. United, states,- quoted 'tho opinions- of ! Mf-Scyniour' Ball," this' Brtt'ish' Coni-" mercial Agent- in. the iUnited: States,-;to.'show- . that a recovery in that quarter mav bo looked ' for at an early, date.' -In so far .as statistics of .commercial failures, are-indicative .of?the. proFpority of' the comunity, the -latest advices' from the .United .States, are reassuring. According to figures compiled by R. G. Dun and Co., ' ; . tho farms 1:1 America.that-had^o.consult their creditors during April "word' 1309"in -rium'ijor',- " and A'i,033,00p in amouut of defaulted liabilitics. ~This is tlie best monthly statement sinco ' last Ivovehiber, and the comparison is still more . favourable if the brokerage and other more or : less speculative 'concerns -aro omitted. -Thus tho . , ■ manufacturing'liabilities are much smaller! thaii- " in ,any mouth - since last July, and tradiu" . locsas are the highest since is'ovonibor, while tho aggregato for these two classes,' which em- : ./Waee the strictly commercial failures,- is. more 1 than 0/1,400,000 less than in mi}' previous monfh : tins .year: " A largo increase appears, of - course, •: when-the f[gures < ,aro..compared.withl.thoso for. ' April, .1907, when, there were only 799 defaults. involving The various subdivisions : compare as follow with the sam'e ihonth-'last ' year:—Manufacturing defaults were 370 innum- ] ber and i;l,510,000 in amount, against 21S failures in,'tho year 1S07; .trading, failures wero 868 in number and -..£1,225,000-in amount,'^•against./j-iS:defaults for ,£697,000 aycar ago; other commercial, including brokerage, ine.tc;,. wero ,71 yin'. .number and iC1,297,000, in amount, against 3S failures for"'.£3o7,ooo'-last-year. .Of. banks, and.othcr. fidudiary institutionsthoro. worp-,twslvo lor OCO ' against five similar"failures last year,''wlioli tho ] amount involved, yas :.i > 127,G00., Owing to t-ho 1 ■ great influence exercised by the'. United States i on tho-trade and. commerce of the world, the welfare of that country in a. matter of great interest, to.all .ciriliscd nations. Any signs of rocovory from, the severe depresion of-tho. last six months will bo encouraging to,all engaged in trade, and, as has. been-pointed out .'by'such, well known authorities on economic .questions' as Messrs. Clews and Co., of New'York, ! pro- '3 duction" cannot bo definitely curtailed.. -A 'con- '' traction'of tho present .rato of'2o-to 50 per 1 ccnt. is out of all proportion to tho actual ' decline m consumption; - aiid 'it is "Hold - 'that - 1 ovon if the latter wero to continue on tho pre- 1 sent reuueed scalc, supplies beforo long.would become groatly.^dimiilishecl,: if not: exhausted/,

MANILA IffiMl' AND,AMERICA.. When'the Philippine Islands.v.-ero purchased .Tom !ipain.v£it,,-fhe.-,cldsoi',df ..the; war. 0f;.189S the adjustment of the customs tariff presented a difficulty. It was felt at Washington "that to assimilate tho Philippine tariff at onco with that of the United States, and to abrogate .;,the;. treaties-which' Spain had: madojwould arouso considerable Tesontmoht among the countries whose goo'ds-would bo penalised, chief among which was'.the. United Kingdom;' A compromise accordingly was agreed to by an Act, approved by the President .in, March, 1902, "temporarily to provide revenue for' tho' Philippine Islands and for oilier purposes.'"' Under. ,this Act .the duties levied, in- the Philippines group' bccame tho same oil imports from the United States a3 on imports from any other country. .As regards the import trade, therefore, we, have the principle of tho "open door" and equal opportunity for all. A different 'jiolicvj -however, has been applied by the United States authorities tb exports - from tho Philippines; and tho result has created much dissatisfaction and loss, especially among English importers of Philipl pine fibres/ . The Act in question includes a provision- to tho effect that goods produced, in <he Philippines and. exported- to the: Unit»d States aro-. to-pay.-only- 75-/-per . cent.' of-tiio rates oi'.vduty -i-Avied 011: lite.- articles, imported from foroign countries, and these duties are further reduced by tho amount of any export duties-lovied in the Philippines. It was not long before such export-duties were: imposed in tho now possession of tho' Unfted State,!. These are applied to all ' eiports of hemp, for instance, but allowed for by -a.; drawback, paid on landing such goods in . the United States;.and this drawback, added to the Ameri= can preferential tariff treatment of Philip"' piuo products, enables various classeo of

WEL L I N.C TON SHA R E LI St

Philippine) goods to be 1 imported into the , I;mted States practically duty freo. Tho oporai iion of thissystem lias diverted tho trado : "y tn. hemp to a very large extent from • , P n^c( ) Kingdom to the United States, as tho following figures show:— i f Imports- of MamlaivHomp into the' United . i j> ',C '.'Kingdom. '.'-Quantities.' Value. ' ';Hi.iafl2iu.^:i ; ;i'.ai;oßl tons' .'.£2,003,796 . ' ... 1908 . '.i... 33,2)3 tons .£1,5-16,387 -Imports 'ofoiJlanila' jHenip into' the United -'i -I', ■.■ i-jtov- .j Ll States. .' . tn -tM'rr '■■■■•■, , '«• Quantities. .. .Value... ' ' ' '1902\':.'.„ '"31,3& ton's dC1,2C3,C9-l : ; : ;,;,i t VJ>0Q, 1t ..,..57,1543 tons , 1^2,103,736''.. . Tho . significance. of tlieso figures as regards .-.the .United' State'sjwilllb.o seen when wo point; out that the Bepublic's' .imports from • the' Philippine group consist almost entirely of * >? 1 $* I Wnb e sß>.m{dl«After Philippine imports boing represented by a small fraction. In ISO 2, the. United States total imports from the Philippines were valued at ■£1,322,540, and m 190G at .£2,467,585., Thus, if wo tako away ' "Manilla htsmp.'froin'ithc , 'Philippines' trado with the United States in 190G there is only about ; .£300,000 of trado left, for all other commo- > dities;-jind Manila homp trado has been deliberately di'vertecr l'hto United States eliaii-. neis by artificial means. NOTES. - The use of- cleotricity has become very popular in Japan. At tho Tofcio. Exhibition in 1912 a .'special: department will ba devoted to this branch. . ■; /■ Tho .Chinese ?ara- buying verv Javgisly, .ancfcinattft'tiwi. I ,finding their way into tho native homes, whero they aro becoming the rage. Disc records with Chinese airs aro enjoying a good sale,

;-Tne a very good nillp is - equal to tho best chomicar- .wood, .pulp' for.» tho inamifaefcuro. of Eufopbaii'-'pape^r'-unfortuhately tho exponse rtfctondinp'i-lio-inahufacturo' of. this pulp makes itlia product J.iighcr in pricc than wood X>ulp. In tho; Japanese'papor mills tli'oy '-are now experimenting with, pulp manufactured .xroin, waste ' '

.Reporting tooths Board of Trado on tho com-'meres--of Now Caledonia for last year, Mr. yPns'tl Mailing says that if rumour is true 1908 Iji'lllftlji .Hpi'KcdYanothor ilargo syndicato cnnajwl .w the'nickel industry. The Capital /Will be Isritish, so that.no doubt the production for 190S-9 ;'-ill bo large\ than at present, as tho tyndiciu'o referred to has secured an option of• some 35,000 acres of tho best nickel. country said;.to qxist iiu tho island; • .-.

.. .the imports of. merchandise from Australia ml 6 the United Kingdom during tho first, threo mpiiths ot. this year were valued at £10.030,577, showing a ; decrea'so 'as compared with the corrspondmg period of XI 348,929. Tho exports of British merchandise tb Australia durin" tho -s-ime-pcTiod-wero -i-alued at ,£0,1.19,038, -showin° an increaso of J3250.338. ,Tho re-exports o"f . joreign.:'aud;.jCQlpnml nierchandise from tho ••Unitedilungdom .to/Austraha were at the same time. J!.G93,509, a decreaso of wC25,691.

--MINING NEWS. \l -NEW/BIG: RIVER. .: (»*. rat6o¥Apff.V T^TOui.:conn?spoNßßNT) " Rccfton, Jrnjo 27. r.fJio mine manager reports for the.past week as .follows:—The,.alterations to tho windinp planfliro almost 'completed, and' work in the inino.should be resumed about July 1. V WAjilt RETURN. . (BY TELEGnAI'II. —3PECIA.I/COIUIESPONDENT.) , , „ Auckland, June 28. •Thejlatest;:return! from tho famous Waihi iniiie proves to he tho second highest ,in the the':'.Waihi Goldmining . Company, Ltd. The amount- of-ibullion won from 31,366 tons of, oro ,is, valued c at .£71,271. The record return is that for the four weeks ended March 21 last, when 31,33G tons of ore were crushed ■and treated -for--return of bullion to the value of .£71,850. The present return is £579 abovo the. next.best, that-for tho period onded ••Optobor. 5- last,! .wheh«bullion' to ■ the value of .£(0,420 was obtained from 28,646 tons of ore. It • v,-ill--:be noticed that although- thore is a difference .of >657? between the record March Return \and, a rjscent ; one, in the'latter instance S0 > more tons have 'beon crushed and treated'' than" iii' 'the' v other one. . This great wealth-giving inino-has now'produced bullion to., tho ..total, valuo. ,of £6,700,023, and has'distributed: in dividends;' etc.,' to shareholders 43,087,384.

DREDGING.. . [BY TELEGE4.rn,—riIESS ASSOCIATION.] Reefton, Juno 27. Dredging Returns-.—Pactolus I.: 220z. lfidwt. -for 137 hours; Pactolus 11., 20oz. 4dwt. for .13-1 hours. (BY tZJ.EGBAriI—PRESS ASSOCIATION.) Dunedin, June 28. -Dredging- roturnsKise and Shine No. 1 sioz. idwt.; Rising Sun, 520z.; Waikaka United No. 1, 400z.,2uwt.; Waikaka United No 2,» '30oz. ' ldwt.';:". Rise' and 'Shine No. 2 28oz. 12dwt.; Golden Gem, 21oz. I'dwt.; Aloxandra Eureka, 20(75;. 12dwt.; Enterprise,' lioz.; Olrig, 13oz. 2dwt.; Waikaka Queon, 12oz! 13dwt. .< ~._STpCK SALE.' ' - ! A.; H. Atkinson - ami. Co., Ltd. .(Feilding), report onr-. sale on Friday, we had only a slhKH"eiitry::of';pijs;.'and' anjaverago entry of poultry and produce. ;) .-. Store' pigs are "still ig better demand than weavers. Quotations:— Horses, aged maro, IDs.; o«b, 7 years' old, £5 rl'Os. PissrrWearisrft, '-55., '65.; imall porkers, 15s. Poultry—Hens, Is!; In. 2d., Is. id., Is. 8(1., Is. 7d., 2s. ; roosters, Is. 4d., Is. !id., Is. Sd., Is. 10d.,-2s.j 2s.'-id..;..turkeys, is. Ss.. 6d., ail at each. Produce—Potatoes, 95., 9s. Gd„ 10s., 12s. •po.r-sack/,carrots, Is;, fid. 401b.; pumpkins, Id. to l{d."peFlb.; cabbage, 3s. 6d. sack; swedes, 4s. sa^V

• HIDE AND SKIN, REPORT. Dalgoty and Company, Ltd., report:—Wo hold our usual monthly sale of wool, skins, and hides on tho 26th inst., when A fair catalogue'' Ww6 , ' 3 ' ftr K° attendance of buyers. Wool.—Only.a few lots of medium crutchings offorod, which sold at 3Jd. per lb. Skins wcro in keon demand and sold in advance of last sale rates.. Half wools, 'id. per j !ii' P® 2jd. 3d. per lb.; lambs, id., to ■li'J. por lb.; doad hoggots, 3d. to 3jd.; damaged poits, l a d. to 2(d., dead, 3d. to 3}d.; butchers' part dry and green • skins, 2s. Gd., 2s. Sd., 2s. . lid., 3s. 2d., 3s. 3d., 3s. 7d., to ■}?. Id. each; lembs, 2s. Id. to 3s. sd. each. Hides. Heavy and medium ox declined . per lb. on last sala rates. Cows sold well at Jato rates. Medium ox, sid., light 43d.; cows, best lots, 'lid.; others, 3Jd. to 33d.; yearlings, 'm H° ' ca '/ s ' t i n '> to s£d. per lb. lallow.—ln tins, 7s. 3d.; bones) 2s. 9d. . Crutellings.—Wo have to report' that there is a decidcd iniprovenient on late rates. Wo think there will now be a good demand for them. Prices aro from 3d. to 4d. per lb. for good qualities of. good length, bright, free and light in condition, and wo hope that theso prices will continue. SHEEPSKINS. The New Zealand ■ Loan and Mercantile Agency Company liavo received tho following cablegram from London, under date Jnnc 26: —'Sheopskins.-Crossbrcd half-woolled have advanced £d., and crossbred lambs and crossbred short and shorn Jd." BANK OP ENGLAND RETUBN. BY telkgp.ai'll—rr.EKa association- -coprniGiiT London, Juno 25. Tho Bank of England return issue for tho week ending Wednesday, Juno 24, is asunder:— Issue Dkpaiitment Note Issue .... iSC.cOI.KO Gov. debt £11,015,000 Other securities ... -7.434,000 Gold 37,85-2,000 £56,201,000 £56,301,000 .. Basking Department. Proprietors' Govt, securicapitel £14,553,000 ties ... £15,228,000 Public do- Other securiposits'... 10,170.000 ties „. 50,023,C00 Other do- ; posits ... 46,167,000 Notes. ... 27,403,000 Rest, 7-day and other' - Coin ... 1,134,003 l>ill3 ...- 3.233,C00 £74,123,C00 ■ £74,123,000 Tho leading items of the JBank of England ; 'roturn afford the following 'comparison:— ■ This week. Last week. Last year. . Bullion 37,85>,CC0 37,2'J4,0t0 34.219,0C0 ' lteservo !!8,6t2,0:0 24;751,000 , ' Kote circulation . 28,ffi3,C00 26,787, M) . 2.0,210,(0J Public Deposits 10.170.C03 0,777,003 11,038, OX) Other Doposits 46,167,0*0 40,032,0.0 46.574.0C0 i I'roiiortiou of 1 rescrvo to ' liabilities ... 51,17 , 51.05 42,73 '. GOVERNMENT SECUEITIES. * The following aro tho latest quotations for 1 Governmont Securities, with a comparison of those ruling last week:— ,

MONEY MARKETS. The Baiilc of England discount rate-is 2} per cent., to which it was*reduced on May 29. Tho London open market discount rato for best threo months' bills is lowct- at 11 per cent. The Paris discount rate is | higher at 11 per cent.. The Berlin discount rate is unchanged at 3j per cent. COLONIAL AND other produce. '. ' Vi'hoat.—Tho markets aro . inactive .'-with a downward tendency, owing to, ; tho: brilliant weather and lower American advices. Cargoes arc | dull, as are buyers disinclined-to speculate. 3Gs. Gd. is asked for New South Wales March shipment, 'l'liero is a little inquiry tor Australian on spot at 395. Ploiir.—Tho'/market' is . flat. Australian is quoted, London, 2Gs. to 2Gs. lid. Glasgow, 275. iSutier.— I Tho. market js very, firm and ..unchanged. In tho absence' of supplies colonial pneos are. nominal. Chccso is firm. Now Zealand, coloured, ,645. to G3s.; white, 595. Sugar—Gorman besot, &Sdog. Id: lower at lis. Id.; lirst mark granulated {.o.b. Hamburg, 2d. lower at 12s. Bd. per owt. Wool. Viie Bradford tops 'market is strong; but business is small.' Common 'sixties' 2Hd".; silver 22{d., forty-si.tos lljd., forties lOd. bhcopskins.—At tho sales G7OO were offered, including 5000 Australian. Practically , all sold. Tho attendance was good, with a brisker salo Uian has been soon for some. time. There was a stronger demand from America evident. Compared with May, merinos advanced a farthing. to a halfpenny; erossbreds 'combings,-three-farthiiigs to a penny; clothings', .farthini» to halfpenny; all grades of pelts shared in advance.

. . . THE METAL MARKETS:' Copper.—On spot, -£57 2s. Gd. - ; threo months, i's7 17s. Gd.; electrolytic, .£SB 15s. per ton. Tin.—On spot, ,£l2s'2s'. 6d:; threo months, iI2G 2s. Gd. • , . i Iron.—£2 lis. ..per ton.

t!' COMPANY. Capital : FrnKJa S ,i' abi T »l' ■ . -: - ri,ICESl Tiold ' -' 7->?...... ?aid Up. Balanco ,bmL\'L p "j?. —— to f . I • •' ." '.'-I Forward:g .Buyer. Sollor. g"j. T0S ' f'V; BANKS. < - £ ■ £ . £ a, d.; ■£ a.'d. 'i> b. d. £ b. d. ■ Na«oni - —504.097; « • 35 10 9 3 6 til 0 0.0 , J 14.1 hi'. WMOO ..835,318. ,2$ '15.'. 12 ■ "S: 4 '9' 5 56 550 5 14 3 j,-' ■ INSURANCE. . I:- '■■■■ 'C .1 ■ V. JTew Zealand 1 ' &49.309. -.j. -nnltd, -15 J 7 0 \ f: ' ' South British •" -5SMK S96 ' 674 -2 8 t M ««.,0 .3 16 0 • 3 15 6 5 fl n Standard —.-....v..";..: — 100,000 432,240 . , I . 4i r 30 .'2 15 0 2 15,0 5 10 7 ji'i . ; ... - . "• 75,000 92,566 ' S 9i'" 10 ''l- l'-9 ! 1 2 3 12 3 j FINANCIAL. 1 . . ,. s ...z . g-gg: ' / . v ° j ' M 8 •» 410 0 I'-'.' inffi' 3 ' 1J33 ' 6 "0 11- 6 013 3 -012 3 5 0 0 * National ■ Morteaco " ■ ~ --oSS ■■**&* 6 5 •' -. j 7 10 0 7 10 0 7 11 6.5 6 3 i' : ' N.Z and'lti?er l'fatn'' 1 m ' W 2 -8 10 2 19, 0 3 o: 0 -3 0 0 6 13 4 ■■ Low MdMercantilo, ' jS'S 0 ' 252 '° 00 -1 nil 8 111'6' 112 0 111 6 4 811 V ■ - ana MercantilO' ... ... gJ ° 0,4 6 0 4 5 11 6 8 i%v"- : ' 7 | : M? :^ V ' f i : o^'c'"o e 10 0 0 5 0 0 I: Kap 7 io P r y — ;;;, > v -• ., WXO , . S.150 J 6 J j nil 4 . 10.J . ' j ,1. ■'■"■< " '••• • - | «.957 , .',23,184 is. *5? 1G 3 2 6 1 : ' »^°n'' NOr ' £l1 ;;; - , 27,000 ■ <!• -'.V 10 - • - ! = "■ "■ ':124,57a' •'■71.7M. 10., , ml.., 10 19 .7,6; 19 10 0 10 7 6 5 3 3 ' ••• / - .•». 5- - 5. " -jQ 1010 »0. • V '"meat. ■ . '*■/* ... . .... ©»&• ■- ■: :: i ,B S 3 a I. i U .V . .... ••• •••■ Star .'C6,!!61 ..4' M!.„M - 2 9. 0. .210,0- -2.9 0 5 2 0 . tfellin'gton Moat Esport !" - ..' ) . ' i.:; '5 ?«• 15 6j.-; . " •" .- < '••• ! ••• - - f 105,766 53,767 4 1.8 5 2'o t :«VMeanui'' v ,;^-& EM '• 10,313" 75°' !!t 1 . '. transport. ' • . ; io -'WMOO- 121,-152 "1 '' 4 7 1.7 '6 2 9 0 2 !) 0 2 17 2 j . N.Z. Shipping , ... 473,640 110,760 8 nil 5 5 19 0 626 6 0 0 6 IS 4 -•Cmpo-Btcam <•- ; ... t(X),0uD t61,9l7 1 ■ nil ft ] g -?,! « S t « : .< Vvstn. Bteam Forry ... , .40,250 • 65 I -. SH ? 1 ® 6l? 0 • f .; ...•.C-OAL.-:-.. - ; v x . . ■ ' [- raani?i n ' "V : "« 9. ■VAZ 0 '618 C 6 6 4 , I laapi.i . ............... J.. uxa» 1 ml_i . -7J 1 0 0 019 6 .7 14 0 [ / - ,. WOOLLEN, . Kalapol. ... . ;.. "'keeri" ' £2.65i" 5 nil '" x ""' l' . Jf.ofCiel ■■ , .... ... , 63,457. 17,212 ji . -i n 114 ''n j;,; tteUniiiton ... -.... ...... 5 3 70 310 0, 3.7 0 7 3 3 j,'.' . [.USpELUfttiEOUS,'•: :S;.*" j " Z' Z '/il'm Sl.m 1 »!l ii ' «'T{j •-!' |-®' 8 •„ 7 0 0 \ v ; ; ■ : iJ ! & i 1 viii. iPr 630 X c °' loc™ -of™ i 1 10 31u 0 ' 3 16 6 10 0 1 .' w E tn..opta kouso.::: . \ n \ » 115 ° ••«« 0. « «i . .'v ystn. iVesh Pood -. ... ..." i ; S!i ■ " ' . . " ; .-W' 1 ' ',!>U ■ 1 ■ )bli' , ; .7j 10 0 0 19 6 7 14.0

Variations ' . rrico compared with _ , last wook. 2 r v In J 1 S i! ] , L ( i 0 T nno1 ?"; - 87 »' Unchnhscd i „ N.fe.WlJMJan.-JnJy ... 1Ct 0 0 Unchanged si „ N.S.W.imSMar : So!ii ... 103 10 U Unchanttcci 3 ,i, K.S.Ni. 1D35 Api.-Oct. .. b.) 0 0 Unchanged m ..yic-lMOJaa-July 10! 0 0 Unchangod oj „ Vic-r-r-il-fijan.-Jnly ... aus 0' - '"Cs. higher 3 „ Vic.lMW'J Jiu.-July ... y) 10 u Unchained Si „ b.A. lSllijan.-July • ... !>J 111 ,0 Unchanged S „«.A.l'Jl(iJr.n.-July ... Uilu -u Unchanged 4 Q'l'ai!)I5-2iJan.-Ju!y ... JC1 0 0 Unchanged - 34 „ yi'tliO-24-30Jan.-, July ... iu |i o Unchanged ii ■ „ QTdl!M2-j7Jan.-July ... l!:i. U 0 Unchanged \ M.z. IffilMsy-Xov. ... 'l0: 10 0 Uncnanged Ss „ N.H.liKOJan.-Juiy ... t/j o 0 • Unchanged 5 ..H.Z.lMjiAniil-Uct. ... 8 i U u' Unchanged S4,, ... 98 1U 0' -10s-higher i. „ W.A.I>Jli)-ai.vlai'-Nov ... 87 JO » 10s. higher Si„ Tas.l9MJ<ui.-July „. 19 0 0 Unchanged !i .. Tas.l&O-juJan.-./uiy ... '88 0 0 Unchanged