COMMERCIAL.

Dominion, Volume 1, Issue 241, 4 July 1908, Page 8

COMMERCIAL.

THE SHARE MARKET. Owing to -• pressure .on our: space, the Share List has boon held over, and will appear as usual:on Monday. ... ; - , , The ■ invostthent share market _is aull and depressed, although. - the . quotations do nou exhibit My- backward movement. Buyers are scarce,, and business is restricted.. .A.sale, of Now .Zealand, Loan and Mercantile shares at 4s. was' reported yesterday.-• ■These shares have shown a drooping tendoncy for- some, weeks. The quotations do not call for-any, comment: —National. Banks,..sellers t '~s ss. 6d. cum dividend; Wellington Investment, sellers 12s. 1 3d.;' Christchurch Gas, buyers.'■<£? 17s. 6d.; Feild-ing-Gas,- sellers 20s. ; ■ South. British. sellers £2 155.; Standard Insurance, sellers 225. 3d.; "Wellington Meat -.Export/ third issue, sellers JE3 55.; Wellington - Steam 7 Terry, ■ sellers 1/a. 6d.; 'Wellington Woollen; buyers £3 75.; \VestportiCoal, .'sellers £G 18s. ; Now Zealand Drugs, buyers i! 2 10s. 6d., sellers 125.. ' V '.". • THE MINING' MAEKET. The way .the quotations'fluctuate for Talismans •' makes it clear that there are far too many weak holders of the scrip: The moment the shares got to 4Gs. or more, then scrip comes on to the market freely. The only remedy , for this is; to," get London buyers and ' clear this market' of 1 a good big parcel. TalisVmans . should be . worth buying _at present ' prices, andr/London investors will recognise this'very shortly.,' The quotations yesterday wero as under:— -,- „ , - \ ■' Buyers. Sellers. 1 Sales. . ' . 1 .' ■-. Xsi d. £s. d. £s. d. N.Z. Crawn ... ... >0 G 0 0.6 2. Kuranui Caledonian 0 0 9 — .Waihi - ... ... - - -? 3 0 - Waihi Consolidated — 02 0 — , Tangiaro ... ... 015 ' 0 ,1,7 Big Eivor. 13 6 ~ n — Talisman ... .... 25 3 26 0 -2 6 9 •• s 6 -■ ■ ■' . Y'"\, ' 2 6. 3

NEUCHATEL ASPHALTE.

The report of the Neuchatel'Asphalte, Company, Ltd., for 1907, submitted at the meeting .'on May 2S, states' .that: the profit for the vear. .was ;£40,597, to which has to be added the ,£34,501 brought. forward. Preference dividends for the year and ,an interim, dividend of 3s. per share on the ordinary - shares have been paid, leaving XG1.300. The>direotors now recommend that .£2OOO be transferred to reserve account,' and, that a further dividend of 7s. per share, free of income-tax,- representing a total- dividend of '10s. for tho year, and abonus of Is. per share, also free, of incomer tax,; be* declared. This will leave .£42,505 to bo carried forward,. Taking into account thecommercial depression that has prevailed throughout the '.world during ICO7, the direo-' tors considei- that the shareholders are to 'bo congratulated:on the results tho year's trad--ing. : ' ; ;

; ' LIEBIG'S EXTEACT' OF MEAT. ' Tlo report of Liebig's. Extract of Meat Company,; Ltd., for. the year 1907,. at the meeting on: June 5, states that, notwith.standing that'cattle prices ruled high during the year and that hide -prices showed: a not: inappreciable drop, the prices realised for the 'various 'articles -of produce were, generally speaking,: - fairly " satisfactory; : the: estancias showed good results, and thus, on the whole, the year,'s , working fras been Satisfactory. The sales of, the.: company's extract beef anil other ' products continue to bo . favourable;-: The View issue of capital has now been ccm-' -pleted;.'.'and ".the premium on the sharps-. .'namely, '=0300,000—appears in,tlie balanco-slieet under' the heading "of, "share. premium receive account!" The balance of the profit and loss account amounts, to i!220,1'10. Tho directors propose' 'to pay a final dividend on the ordinary shares of 10 per cent., equal to 10s. pelshare, making,'with. the interim dividend,; 20 per cent, for ■' the year 1907 (free of income-

tax); to pay . a special bonus of 2s. 6d. per share (free' of income-tax) on tlie ordinary shares, to : carry , to reserve fund ; v£20,000, to carry to. employees' provident fund : and to' deduct for directors' .percentages .£10,122,: leaving to carry forward.

TV.'AND A. M'ARTHUR, LTD.

A statutory meeting of the above company was held, 1 in London oh. May :22, when a report was submitted, which stated that the company was on Marehj-11; ■ '190S, with .a nominal.,capital 0f..,£225,000', ""divided into '125,000"."'X". (preference), shares" Of'" ; - r ECI each and-100,000 "B".(ordinary) shares of JSI oach." The total .number of shares allotted was '37,500.: 1"B" '(ordinary) 'shares, credited "with 12s. Gd. per share paid .up. The: total amount \of cash received to;da'te .by tlio company l in respect of tho liability on the S7,SIX) "B" (ordinary): shares, issued ,wa3 .£32,812. No pay-' nients on ,'capitnl:account, had bean made.' The preliminary expenses up.to. the .time of registration had been or .would bo ,paid:by the vondor. 'The further preliminary expenses to be paid by the .company' wero . estimated at .£1(10.■

. COLONIAL SUGAR COMPANY. ' A- special meeting of the- shareMders of the., above company is to.be held in Sydney on Wednesday, July, 8, when. the: following resolutions will be -submitted:— '

1. That. of . the authorised capital .of -the. company thero be issued 17,500 •'shares- at i£o each;' to .carry dividend, from October : I"next,' the suiri 0f,.£29 each.being payable thereon' on'that date. - ■ v -

2. That such.shares-be,:offered to the shareholders -in-.tho proportion"; of. ..seven.' new! shares to. every 50,- shares -held ;by eaoh . shareholder ,on . September 20""licit, this offer remaining : open' until' September .39' .next;'' - -

S. Thit: the amounts standing at the credit ,; of the fund' for equalisation of dividends, ■ viz., .£165,000, and of guarantee and in- .- surance .fund, vis.,- 40-1,130,' 4s. 4d., and: a further . sum of <£2d,583 15s. Bd.' fd'om ■the balance, of profit and 'loss" -account, be transferred: t0... reserve... fuii.U, . -bringing . the amount of that fund to iS3SO,OQu. ■

f. That on . October .'1 next' the' sum,'! of :i!350,000'° standing to the credit" of reserye. fund, after such transfers/ be divided . among the shareholders. ia - proportion- to their respective , holdings- on September. 30 next. .

5. Thnt the amount payable under the last preceding resolution to any shareholder who shall accept the offer of sucli' .-new" shares - shall, if no direction be given- by - liiin ■to the .contrary on or before ; Sep-- . tember 30 next, be applied 011 October 1 next in payment of the sum .of ,£2o',payabre on that .day. on each new share, -allotted - to him. " ■ 6. That any shares loft 'unallotted by reason of certain holdings' not being.- ' exactly divisible ; by 50-7 be- disposed, of by the. ■board, and tho, premiums received from : the sale of such shores bo divided proportionately''among the shareholders entitled . thereto; .' ■ The ■: Customs reven'uo 1 collected, at Welling-' fcon yesterday -amounted to £mst' lis. Cd. . , ' V STOCIC EXCHANGE, (nr TELsar.Arir—?ki:ss association.) Dlinedin, July 3. Stock ■ Exchange sales:—Golden Bed, 12s. Gd., 12s. 9d.; 'Rise and Shine, X'l lis,'; Golden' Treasure, ,£2; N.Z. Loan and Mercantile, 45.; N.Z. Portland-Cement, 305., 80s., and ss. Id. cum rights. . S ' DREDGING. ■ . .(BY TEIiEGKAriI—PBESS ASSOCIATION.) ' Duncdin, July 3. Dredging returns-.—lCoputai,. GOoz: Idwt.; Electric-No. 1, GOoz. 2dwt.; Mystery Flat, 50oz. 9dwt.; Mastertoii, 370z. sdwt.; Electric No. 2, : 290z.' sdv,-t.; New- Roxburgh Jubilee; 330z.,° lOdwt.; Central Charlton, 18oz. 15dwt.; Chi- : cago, 17oz. ■ 17dwt; 18grs.; Welshmans, IGoz.sdwt.; Kura, 15oz. lldwt.; Muddy Creek, 150z.;'. Lady. Roxburgh, ; 12o r„; Waikaia, 70z.: lldwt.- '• WELLINGTON MAEKET, REPORT. The New Zealand Farmers' Co-operativo Dis-'l tributing Co., Ltd., report as follows:—Maize, ss. 9d.; wheat,- fowl, ss. 3d.; barley, feed, Is. to 4s. ,6d.; Barley, Cape seed, Is. Ud.; maize, crushed, ss. 10d:; oats, 3s. ■Id. ,to 3s. 3d.; oats, discoloured, 2s. Sd.; oats, .crushed, Ss.'Gd.; oats, Seed, Duns, Sparrowbills, Gartons, 3s. 6d.; African Algerians, Screened, is. 4d. per bushel. Ryegrass, Perennial, ss. Gd. per bushel; hay, £i 10s. to £G 10s: per ton; straw, £3 25., to JC3 10s. per ton; bran, £7 per ton; sucrosino, £7 10s. per ton; prime oaton sheaf chaff, ,£G per ton. Potatoes, table, £5 10s. to .£G 10s.; seed potatoes, Canterbury Up-to-Dates, jEG 'lOs. ; Canterbury Derwents, £6 55.; Breeze's Prolific,,£6l Red Beauty of Hebron, JEO sj. per ton; ouiohs, X 9. Butter, separator, Is. Id.; milled, lid.; dairy pats, Is. per lb. J-eggs, fresh, Is. 9d.; proserved, Is. 3d. to Is. id. per dozen; honey, GO's, lid.; bacon, sides, BJd.; rolls, 9Jd.; hams, 9Jd. per lb; beeswax, Is. fld.; fun jus, IJd.; walnuts, 41(1. to sd. per lb. Cabbage, ss. Gd. to Gs. Gd.; cauliflower, Bs. to 12s. per sack; swedes, 2s. 6d. to 3s. per cwt.; pumpkins, 7s. per sack; carrots, taolo reds, Gs.: : horso carrots, 3s. per sack.

Apples, dessert, Bs. Gd. to 125.; apples, cookers, Gs. to 7s.;.pears, dessert, lis. to 165.; pears,] cookers,. 10s. Gd. ' Poultry, table roosters, 45.; cockerels, ss. to Gs.; table hens,, 35., Gd. to 55.; ducks, Gs. Gd. to Bs.; geese, 7s; .td.'(all at per pair); turkey, gobblers, Is.; horn, 10d.-(live weight). LIVE STOCK SALES. •' Messrs. Dalgety and Co., Ltd., report that at their Palmerston. sale yesterday they had a small entry' of sheep and a_ good yarding of cattle. " Two' and ..four-tooth wothers made 12s. 4d.; cull- yearling steers, 195.; weaner hei-fers,-lis.-; "fat-heifers, -El; fat and forwards heifers,'^'ls., -E3.lis.; empty cows, .£2; SJyear bullocks,-..,£4'155.,. JSS 35.; 3-year steers, £i 25.; 2J-year steers',. i! 3 os. .Gd. ■

Messrs. Dalgety and Co., Ltd., report that at thoir :sale yesterday cull lambs made 2s. Gd.; middle-aged ewes in. lamb, 9s. 2d.; 2-tooth wethers small, 10s. 3d.; aged ewes in lamb, 45.,'3d.;. fat wethers, 14s. 6d., 15s. 3d.; boiler owos,- 25.; fat lambs, 13s.

.- : Messrs; Dalgety and Co., Ltd., report that ait ; theft ;Dannovirko''salo yesterday there was an entry of about' 3500 sheep and 350 cattle. Eat'sh'eep sold better than at the previous sale, good ewes bringing from 10s. to 14s. 3d.; medium quality, 10s. to lis.■ 3d.; breoding owes, from 7s. Gd. to 12s. 9d.Lambs sold well up to lato prices, l good lines making from 7s. 3d. to Bs.; culls, from 45.. Fat cattle—Cows, from £3 ss. to good forward steers, to .£5 ss.

- The Now Zealand Loan and. Mercantile Co., Feilding,' report:—At Feilding on Friday we had medium entries of both sheep and cattle. Sheep wore dull of sale, and several pens were passed in at auction, but quitted afterwards. Thero was a good demand for .steers, and all lines were sold.'' Cull lambs 3s. 2d.; store lambs, Gs. 3d.; forward ompty ewes, 7s.;ewes in lamb, Bs.; forward bullocks, £5 155.;,3-yoar steers, £4 10s. to <£5; 2 and 2J-year steers, £3 to J!3 7s. Gd.; store cows, 345.

Messrs. Hudson and Marriott, .Ltd., report having held their usual monthly sale of pigs at Shannon yesterday. Only , a moderate entry camo forward, 73 pigs of all classes being yarded. . Prime:pork mot with a ready sale, whilst stores ' were neglected. They quote heavy porkers,'to 3fls.'"; medium, 325. Gd.; small. 2Ss. Gd. j'good stores, to 215.; others, Bs. to ,14s. Gd." ■ WOOL, HIDE, SKINS, ETC. Messrs. .Dalgety and Company, Limited, held their -fortnightly- sale of wool, skins, hides, and lallow yesterday, whqn a good catalogue was submitted to a large attendance of buyers. .-Prices for skins and. also for tallow showed a slight improvement on last sale, but hides, r particularly heavy sorts, were easier. They quote,as follows:—. • Wool-Crossbred, ,4d. to did.; crutchmgs, 2Jd. .to 3d. .'per lb. ■ , '. . Sheepskins—Full-woollcd crossbred,. 4Jd. to 4Jd.; fine crossbred, 5d.; crossbred,'short, 2Jd.; crossbred, : half wools', 4}d.; crossbred, damaged,' 2Jd. .to 2'] d.; .'halfbred,' shorts, 4J<L; orossbred lambs,; 4Jd./to 4id.; lambs, ■ seody, 3d- to-. 3id.; crossbred, damp,, Is. 2d. to 2s. Sd.; 'crossbred,' salted, 2s. 4d. to 3s. each; trossbred lambs, salted, 2s. 4(1. Hides—No priino lots oft'oring., Medium ox, 601b., -5d.; 621b.,' s}d;;-701b., ;sid: Cow, 671b., -t'dl; 53 to 511b., id.; 36 to -131b., 33d. to 3£d.; 29 to 301b., 3|d.; cut, 2jd. to)3Jd.; 'slippy, ■3id.. Steer, 251b., 3|d,.; heifer, 251b., Bjd.; yearling, ! 'l4lb.j 3£d.; calf, 51b., 5d.; 71b., 3d.; calf, cut,. 3id._ v-■■ '■ '..• 1 Tallow—ln shipping order 15s. to -C2l ss. per ton. -Tins, -20s. per cwt.; kegs, 18s. to -2Us. Gd. per cwt.

•' The Now Zealand.. Loan and Mercantile AgencyCompany,!-Limited, . report;—At our fortnightly sale'oii Friday wo.effected a clearance of good catalogues of wool, sheopskins, hides, and a small lot of tallow. Prices for wool and skins were firm, with occasional slight advances on last sale's prices. "Wo quote:— > • ' . Wool—Good-bright, crutchings, 31d. to 3}d. lb.; medium, 2UI. to s)d:-lb.;- ecedy, 2d. to Sd. lb.; dead, i|d. lb.; locks, ljd. to 2d. lb. Sheepskins—Halfbred, -1-ld. to Sd.; crossbred, Sid; to iid.; lambi, 3Jd. to 5d.; pelts, 2!d. to JJd;; '-damaged skins, Id. to ad.; green skins, 2s. 4d. to ,3s. sd. each.

Hides—Ox, light, 3|d. to ' -id.; ox, heavy, s{d. to 51d.; cow, 3Jd.-to 3jd.; calf, sound, sjd. to 5Jd.; calf, faulty, Jd. to S?d. Tallow—Good mixed in casks, to 2-Ib. ■ 3d. cwt.; tins : and .odd -packages, 13s. to 20s.

•iMessrs..' Levin.' and -.Company, report:—We' held outf-fortnightly sale on I'ridaj-, offering 30 bales wool, a* small quantity of skins, 4oU hides, and. a, quantity of tallow, and horsehair. I

Wool—Very little good, quality offering. No change-.to report Medium. crossbred,, ,3d. to •4Jd.; inferior, 2d. to 3d.; lambs''wool, 4d. to 5a.; pieces and locks, Id. to 2d.; good'crutchinzj,'4d. .to i^d.; medium crutchings, 3d. to 4(1.;. seedy and inferior, * lid. to 2jd. ; Skins—Steady. Fine crossbreds,.-Id. to Sd. i crossbred, 3d.' to. iid.'; dead skins, 2d. to 3d. ; dead hoggets,: lid. to 25d.; dry pens, Id. to lid.; lamljskius, 3d. to .-lid.; green palls, 2s. to Ss.. 4d.; green iambs'.'woolly,' 2s. 10 Bs. 4d. : ; green-lamb: pelts, Is. to 25,. Tailow—Steady. Parcels in'shipping order •£&, Tins, iilS ,to JSSO,- 10s.;-.rough fat, JJIO to

{'Horsehair,: Is. to ,Is..- 3d. per lb. Horns, ss. to, 17s. Gd. per hundred., Cow tails. Is. Gd. to Is.' Bti. pfer dozen. ' ■ ' Hides—Easier iii sympathy with oversea nia'rkets. Prices, fell one farthing/all round./Ox Mdj^hcSßTiVS'iitT'.tor.Gid.; ox hides, medium, s<l. to 51d.; ox hides, light, Id. to 5d.; cow hides,-3id.-to, id: ;" ciit 'and slippy hides, 1 2d. to ;* stag.,;h ides,y: : .2;!d. to 3d.; bull hides, 2d. to "3d.; calf, beet,...4d. to 5Jd.; calf, cut and,'slippy, 2a. to So-.. . Our next sale will; bo. held .on Friday, July 17, 1908... : . ' ~ «... Messrs. Jlurray,/.Roberts and Company repert:—Wd submitted a catalogue, of 1500 skins and 300. hides on Friday. I'rices were firm, tor' sound .skins; bts.t' lots making .up to a halfpenny • more -thau- last sale. Hides still oontinua 'to 'drop'',' and', to-day , wero a farthing lov.'sr fthnn last/ivock. We quote:— Skins—Crossbreds}".' medium to 1 fine, ll'd. to s}d.; crossbrcds,;.coiu'se, Id., to 'I'd-; lambs, soinld,;:'. ;4id:.\'to.; .5j.d.• lambs, damp, 3!d. to :'4Sd:; dead' and, hoggets, 2}d. to 3Jd.; green skins, 2s. id.-' 3s. Gd. • ". IJides—Heavy ox, ,51d. to Cd.; medium ox, sd. to sid.; light ox, 3Jd. to lid.; damaged hides, 2d. to' 3{d.; calf, sound,' 4}d. to 5Jd.; calf, damaged, 2d. to 3d. Date of next sale, July 17, ISOS. . : GRAIN 4.ND PRODUCE. , ■ ■ (DY' TisLEGBAPIi-TrRESS ASSOCIATION.) * ' ~ Christchu'rch, July 3. 'In :vie\v', of ,the.:imports of Australian flour, snd-' the- reduction-in price of the loeallymauufaotured article,-a declino in the price of wheat was,to be'expocted. Very little business hn'n been done ; in- this cereal for some time pact; and at present'there is no inquiry beyond- those 'mUlo'rs. who are .working on small, k»rfe'° Most { of:; the. largo millers are well supplied,":and; the;-curtailment of the output consequent' upon . the amount of Australian flsur coming to hand, has. made stocks hold out longer ' than they otherwise would have d«ne. -It is reported that wheat has changed hands, at -Is. at a country station, and this is the "nominal value that buyers, generally place upon it. -' The only other business reported is a better inquiry for potatoes,' and Derwents and Up-to-dates are,-again equal ■ in. price, namely £3 10s. per ton at country stations. There ia very little inquiry for seed at present. ' . " " LONDON MARKETS. ' Messrs. Dalgety and Company, Limited, Wellington have received the following cable messages from their-London house, under date of Jnly 2:— i. Butter—Market. firm. The Copenhagen official quotation is unchanged. The total imports .of. butter! into ..the United Kingdom for week 'ending.' June. 27 amounted to 85,000 cwt., as compared with .87,000 cwt. for the corresponding week.of 1907; showing a' decreaso of 2000 cwt. Finest, 110s.; unsalted, 1125.; finest Nov- r Zealand, Ills, por cwt. Frozen' meat—Thero is an. activo demand for lamb, and. the market is very firm. The demand for mutton' qontinues, and prices are firm. Boot—Thero is less demand, and prices r.re weaker. Our quotations for New Zealand descriptions arc: Primo crossbred lamb, Canterbury, heavy, 53d.; light, Sid. per lb. Primo crossbred lamb, North_ Island, heavy, - r jJd.; light, 53d. per lb. Primo crossbred mutton, Canterbury, heavy, 3sd.;" light, 4Jd. per lb. Prime crossbred mutton,. North-Island, heavy, 3}d.; light, B{d. per lb. Primo ox beef, fores 3Jd., hinds lid.. per lb. Tallow—Since our Inst _ advices prices for medium to good descriptions are unchanged. Prices for inferior, are 6d. por cwt. higher. ■STATISTICS, (nr TELEOBArii—ritisa association—coptbight.) London, July 2. The American visible supply of wheat in 21,230,000 bushels. Tallow—ln stock, 14,652 casks; imports, 7910; deliveries, 7560. _ _ | Copper —Supplies, 41,519 tons; deliveries, 11,996; stocks, 37,711; afloat, 7000. , Tin—ln stock, 14,705 tons; on spot, 5052; afloat, 41G6; deliveries, 277 G.

BANK OF ENGLAND RETURN. BT TBLKGIUPJI —PllfcSS .VKKOC! ATION —COrI'RIGIIT (Rcc. 0.50 p.m.) London, July 2. The Bank of England return issued for the woelc ending Wednesday, July 1, is as ui^ler:— Issue Department Nolo Issue ... f55.-IS3.CCO Gov.dobt £11.015,000 Other sccuritios ... 7.434,000 Gold ... 37,034,003 £55,483,030 XOS.JS3.C0 0 Baneikg Department. Proprietors' Govt, sccuricapital £11,553,000 ties - ... 410,C37,000 Public do- Other sccuriposits ... 9,648.000 lies ... 30,334,C00 Other do- . liositn ... 61.197,C00 Notes ... 20,513.000 Best, 7-day Lnd oil; or Coin 1.565.C0J bills ... 3.203,000 ( £78,066,000 £76,666,000 The leading items of the Bank gf England return afford tho following comparison:— This week. List week. Last year. £ £ £ Bullion 37.031.CC0 37,852,000 33.017.0C0 Itcsei-vo 27,031.0:0 25.862.0C0 23.651.0Cfl Note circulation 29,1(70,C00 28,693,1)00 C9.078.C0J Public Deposits 9.618,C00 10,170.000 10.C08.000 Other Deposits 61.197,000 46,167,000 51,616,000 Proportion of reserve to liabilities ... 14.47 " Bl.lT 33.34 ; GOVERNMENT SECURITIES. The following are tho latest quotations for Government Securities, with a comparison of those ruling last week:— Variations ,j,„ compared - pric ° with / ; _ last week. , ' i' £ b. d. 2i % Imporial Consols 87 17 0 ss. higher i „ N.5.W.1933Jan.-July ... IC7 10 0 10s. higher 3j „-N.S.W.I9IBMar-Sepb ..,109 10 0 Unchanged 3 „ N.5.W.1935Ap1.-Oct. ./ 80 10 0 10s-higher 4 „ Vic. 1920 Jan.-July... .A 101 0 0 Unchanged 3J „ Vic. 1921-6 Jan.-July ... 100 0 0 ss. higher 3 „ Vic. 1929-49 Jan.-July ... 89 10 0 Unchanged 34 „ B.A. 1916 Jan.-July ... 100 0 0 JOs. higher 3 „ S.A. 1916 Jan.-July ... 86 10 0 Unchanged 4 „ QTdl9ls-24 Jan.-July ... IC4IO 0 10s. higher 34 „ QTdl924-20Jan.-July ... 99 0 0 Unchanged 3 „QTdl9i2-47Jan.-July ... 68 10 0 10s. higher i „N. 2. Slay-Nov. ... 10j 10 0 Unchanged. 8J „ N.Z. 1940 Jan.-July ... 93 10 0 10s, highor 8 „ N.Js.lo43*A.pril-Oct. ... 8) 0 O Unchanged 3i „ "W.A.1920-40\lay-Nov ... 93.0 0 10s. higher 3 „ W.A.I'JIS-05May-Nov ... 87 10 0 . Unchanged Si,. Tas. 1940 Jan.-July ... £0 0 0 Unchanged 3., Tas. 19-36-40 Jan.-July ... 68 0 U Unchanged THE MONET MARKETS. . • The Bank of England discount rato is 2J per cent., to which it was reduced on May 29. . Tho London open market discount 'rato for best three months' bills is l-16th lower at 1.3-lOth per cent. • The Paris discount rate is | loweT at lj per. cent. The Berlin discount rato is i lower at 3J per cent. • COLONIAL A.ND OTHER PRODUCE. ■ Brilliant weather is depressing tho markets, despite the decreasing supplios; buyers are inactive, cargoes are quiet, holders are asking 355. 9d; for Australian Maroh (May?) shipment. Thero is a bettor demand for Australian on spot at SSs. to'39s.' New Zealand nominal, short-berried 355. - Gd., long-berried, 3Gs. Cd. - j Flour.—Thero is a better inquiry- in London at 255.-to 2Gs. Glasgow dull, 275. offering, but there are'no buyers. Butter. The market is firm and -unchanged. Colonial is nominal, none' offering. . market is firm, tiermrfn beet, 88de|., Id. higher at lis. Id.; first marl; granulated t.o.b. Hamburg, unchanged at.l2s. Bd. per cwt. Bradford '.Tops.'—Tho niarkct is unchanged. There is a better inquiry l'or merinos. ' ' THE METAL MARKETS.:. ■■ Copper—Spot, .£SG Bs. 9d.; three ■■months, .£57 !s. Cel.- per ton. . ■ ■ . . Tin—Spot, ,£123.1T5. Gd.; threo months,.£l2s it. ud. per ton. PiS-iron.—sls. 4d. per ton. Spelter, '.£IS per ton.