-FINANCE AND COMMERCE

Dominion, Volume 1, Issue 256, 22 July 1908, Page 10

-FINANCE AND COMMERCE

/THE SHAKE MARKET. , . ' ■ : . .■ - It . is, some days 'int .. • vestment! .shores • wis reported, and'yesterday ; proved another blanks There ', ivere, . ho'weyb'iv •; , a- greater numberjof quotations, about evenly;.. .-1 divided betwesn' buyers and sellers. National ."Bank shares werb .again;on; offer, at, £.5.'55, ; .,3u.: ph, / ■ Financial "shares, were . unchanged'j'-Weiliiigtbii /' i/'/Inyestment, .'sellers :,;125.. '3d.,- cum- div.'j \Vel- ;/ ; /,-lingtori' ; Trust : :aiia Loan,; buyers ; £7.75., sellers ■■: : ...X7t.-95.-5' Wellington •Deposit,--buyers. 9s:i' i, 'Na-- 1 /v.tional;:,MqrtgagOj• buyers ;i£2:l9's. ,6dV; -sellers""£3 '■ ■:! Is.. Gas shares 'are'-beginning - tb'-mect'.'witU' .■:•.••j-1 inquiry; Christchurch Gas, buy'erß.£9:l7s. 6d;';i Feilding •, Gas, i sellers :'2os.;.,Palmerston.!.'North;' . ■■: Gas,-i buyers £7 ss. .'For; insurttnce therQ' wei'e • • more sellers than buyers. >. New Zealandj-Insuiv - - ■■ ance,-sellers £3 165.; South British Insurancb; . - sellers £2 155.; Standard Insurance, sellers 225.. , , 3d.v,National-'lns^n<&j;biijneirsV27«C'.vs(l."-'#Bl{it v ! . i o ~-: -shares :were«. quiet ;•. Gear i Meat;, £-l',:paid ; ';iiK ' Is. Gash shares 'are'beginning'to meet .'itiHi '' •- !■ rollers £10; Wellington-Meat. Export,third issue, /sellers £3 55.; other quotations;'were:A . -:••■•:.'. MariaWatu.>Rails, . sellers 495.;.-, New ' Zeniahd. y ; ., K ,,Snipping Company,- buyers £6, 15.,-fid.; Welling/ • , ■ ton Woollen, buyers ,£3 75., sellers £3. 9.5,; ■ :V' / ; :W6stport. Coalj buyers.;.£G 10.s." l ,seller.8/ i £P.l4s.'; : Westport-Stbekton, sellers par-; LeylandiOvßrioii ..;Timbor,' sellers £2.35. 6d.; "Ne'tf' Zealahd ,I'brt-.land-;'Coment, 55.. nafd'.up, sellers ,10s fid.; New. '' Zealand- Paper Stills, biivers/223.; fid/ sellers ; ;' '/:// ; 235:"; 6d. ;' Shnrland's Ordinary, 205. : ;, - ■.; r and Tombs,.sellers £i'2sysd:':''Y'' J., THE MINING MArivET* amount.of business -was done-: changed h(jj};"s.' J at 475. Cd., 465.;6d., 475.,.465. 6d., 465. 6d., and< •.- .Waihis at £9 Is.. £9 ,2s. Both these, shares... : .V ; 'ought to.bo v ßtanding'higlior,';but,for : the fact; ! t i; ? V ' that' there ;.!is' ? . not , the/' riionby t avaiTablf for"' : speculations-s- Tangiaros ,,,! are ,t ' slightly l 'firmer, f > •!. -< with-buyers at ,ls;-7d.,' and.Blackwater shares i are-steady >at 235., sellers - asking 245. .. Nor/ v. ". Zealand Crown shares -dre easier;!With«buyors- .■: -f, v l ,..'at ss.', and sellers at ss; 6d.: 'Yesterday's qiiofc,! / .." :'ations wer'o as under:— ;- . Buyers Sellers' S-iles ■'£ s. d. ■'■'£ a:d. -JD>s:"d.■ • . , . .Wnihi ' 0 1 0 9 4-0 .-9 -2 0 - .Talisman":,;:.... .... 2G9 270 2 60 N. 2. Crown ... ..; 0 5 0 0 5 6 — May Queen .... o_l-11——0—2—1 • ■■■-.: - Tairua Broken Hills 0 2.9 0 3 0- •■ — :■■. ,'' Tangiaro . , ~, 0 1.,7. 0 .19:. . .. - Bisr River ... ... 1 5 ■■■ —. -, Blackwater 1 3 :,0 1 i 0 '—1 ! '■ - Con. . Gold Fields 015 10 - " - • : Progress .... ™ ... 011 0 .— . INSURViSCIT VMU'GAMOTION -s/AccoVdingi'.to-mail. advices 'a- p'ro.visionul fag-v ■ ; V .' :'roombnt,;has -been ,eritereiL-.into' .between j-iho!, directors of the NorwichiUnion Firo Jnsurane'e- *...' Society,and the director's of tho. aiid" Loadb'n; Accident Insurance Apso'ciatan;'/06'"th(S • tiansfer, of the business of tho"A?sOciatTon a to' that/.Society. The Norwiclv _ Union is: to: take over, the assets and liabilities 'of 'tlie* !A'£ / '../"Eociatioii as .from January 1 last, tho. Sharernolders/of rtlib- Association receiving, from the: ■ ■ Society}.-the equivalent, of £34 per/share,- of- •" which per'sliarO: will-be paid in' cash", and *-,-for:: tho-,.balaucerr£2o per sharer-4 per...,cent.; first; debenture '-.stock-'.' wiir.bo;- issued by the ;'/ Society. ' - ..••• •'••; . U TALISMAN CONSOLIDATED i : ;The report of' the Talisman Consolidated,/ ~' ltd.,; for tho year ended February 29, 1903, .pre- . sented 'at the meeting on Juno 16,' states i'that' the development work carried out during tho, year ;; amounted /to ..5306ft.,. /and. resulted' ■,in tlio opening up of ,44,066 ■ tons of ore. .A f- • ter/treatui£:dtirinjr£the remained 67,221 tons of ore in reserve, which - the general managers'.: inspecting engineer es-; timates to'be. worth £3,165'.' 6d." per .'ton., Tho ,/', estimates of tonnage*.and values, are on* a con- »'• servativo basis, tlio. erratic .natiiro Of the*;oro i./ bodies making ,:close estimation an impossi- , bilitj*. The- reserves'-at-February- -28;-1907-, • : . were estimated at ;6DjS3D tons, worth £3.35. Bd. per- ton.;?'". The./'question - of increosing~thS - • power.and pumping plant,-to'provi'dc for tho aovelopment of the mine . inji. depth, has v - been' under consideration for some time past.. ; ././■: After careful .iriVestigatioii'?of .tho'subjdet,..the ■ . Boar.d, on January 30' last, authorised, tho pur-. chnseand.erection-of iplant-sufiioibnt-to.enable tlio mine -to:, lie 'worked': to' a :niUoh" greatoW - depth, - the .'cost: of i which,- when erectedj'-ifi'- ■ esti>nated;at'£lß,spo. It is'expected that the;completb 'equiphierit will operation" l by; the .end. of: December .-next. ,i I The -'profit'--and; loss account shows a surplus of?■ £113;742, 'attd' ,/after.:;.writing :roff;-.' £4884.-: for--depreciation--''of-nacliinery, plant, ; bnildings, ,etc., and -provid- . ing /for incomb:tax, "Colonial tax, and" "Other .?„•■ '••'■•/ charges, amounting.-in: all to £4703 - thyre";re- • mains, a net. profit of £104;154:"' Dividends', . : .numbered; 7/ to 12 inclusive, 'of Is." each, free of; : income-tbxj wero paid, during, tlio-year, ..which,with ~the Vdirectors' - commission, . ampunt. to.I ■ j!93,000,/.leaving,.,- with , the ?balance, - brought forward,, the.sum. of'£47, A-'dividend,• No;. 13, 'of shurc,'.freo.'of income-tax, paid on April 25, 1903, .dividend. ; No, . 14, of :-ls. 3d; share, frco ;bf income-' tax, has been declared, -and will ;be paid- onJuno 25. to all shareholders registered on Junp 9. In accordance with the arrangements made with the New Zealand shareholders in. Decern?, ber last, by-which thoy were entitled/to; : tjyo* representativesion tho'Board,:Jlr. H. C. Hoover resigned his": seat- on'/the Board,'' and -'Mr.' P: C.-Auld was electeu a director on December 19;; Owing to Mr. Hoover's retiiement, Mr. J.'.H, ; . Cordiner-James retires : at, this: meeting;,"one' year earlier than he, would: otherwise have: ■ "done, and; does inot-offer'himself for"re-clcc-t tion; Mr.; George - Wilson, of- "-Bartholomew' House, Bartholomew Lane, London, E:C:, lias been nominated to fill the. vacancy, and his election will 1)0. proposed at the meeting. Under the circumstances it ia proposed that the' Board bo, authorised to pay to Mr. Cordinernines a sum not exceeding £200, subjcct to-the ciinpurrenco of -the shareholders' committees' in i. New Zealand. The Board has recently re-

WELLINGTON SHARE .-' LIST

'ceivcd■■'.joint; representations /from the' commit- ; shareholders in; Wellington and' Auckland , to tho. effect ;.that the ■ Now ■ Zedlarid *s!preholders;:desir6/tbe apopintmcnt' of a third director to. represent itheir intorests, and su'g"gesting rtlio 'retirement of . Mr. -IV IV: Ford -and the, appointment; .of Sir.' Berkeley;-'!!..' Stafford , ini his»stead, In- 'the., ordinary v course Mr, Tbrdy7'otiremeht r would ..not take place .until ■ two>.years ;henc3., vlt-has. been'- arfange'd* with. ~thai Wellington, arid; Aucklatfd'/comniitt'ets, oh" •behol f.„of; th'ej Nevr'• Zealand -shareholders,-' that "Sir: -Sord' ; shall rfetire''at l the'-'annii'al general. l meeting',' and that a'sum.bf :£4OO bb'.i'oted h'irn' in .consideration'of, his-r'eviremeitt. '.-A' rc'solu"tioni to.VthatiVeffectiii.will/be' suMitt'ed to: tho meeting.'; '.' ■ .jBPJIisK, SHIPPING IN; THE iSUEZ CANAL. issued a.very ex:cclleht*-. rbport • 'JatOi ISO/; The total .'•■ receipts amounted to 120,118,52 i francs, which was, corn.pajgdiwith the; preceding year,, an increase of 8,129,398 'francs—'almost entirely, obtained .from ,traffic.V( The .surplus,- in the tonnage dues was .even/appreciably/greater, and amounted to 9,i05,50y /francs." The .'total expenses, in 1907 a'so"unte<JXtO~^>p42 1 154' francs, an . increase of 1,863,02i l .frAilcs a .on 190 G. They includo an appropriation .of 4,000,000 francs to tlio rederap-•"fiOiHuJid'-'stM?soo,ooo francs.to insurance. Tho addition to the latter in 1906 was 0n1y.:150,320 .frSncs'PWliO'balttncalof receipts over expenses' sh'oiys, compared with ,1906,' an. increaso of G,766,373 francs, and amounts to •. 76,476,026 francs. During.the year 1907, 4207 ships, representing ■14;728,434 tons net, passed through the canal. . Compared with 1906,''taero was an in•'6rsase 'of .i292,;£hips,, and >1,252,930 tons. . The :avorago toiwfigo.'jiyfc'ch , was' 3383 tons in 1305, -rose'to 3fe2 tons in'l9o7; "•' T „,lt. is: gratifying..to note. thafcßritisli/shipping•moro its. own, in this' traffic. Of 'the first on the' list, three are 'BriHsh -andijasrwitl'.; be observed from the fol-'lonHrig'shO^tV-.table, .their, proportion of. the total: tonnage, is. very!large:r-.W '• v .,..-.SUEZ IN 1907. .Shipping..Companies. ' ; Tonnpgo. iEoninsnlnruaHa ..Oriental ■ "..."1,180,600 Ocean Steamship .anil China Mutual ■. (Alfred Holt and Co.) • w ► m- 925,300. .Hausa Stoamshipi—, ■ .-.f-r. 735,000 Ellornjan/Lines, (City. and, Ha 11).,. 730,100. Mes'sageries/.Maritimes /■/;.: ... '.i ... 1564,300:iNor.ddeutscher:<LloyK ■ ' ... /',*.!.. 562,900 Carzer Irvine and Co; (Clan Line) "... 460,700. Hamburg-American line"" ' ...... .... 433,700' Other companies". ' ... 9,135,800. ..'Total' y : i L '14,728^400 .'iaic.i v ng,a||;jho?Esgiishcompanies.together their to.: 9,495,900 .'fpns/jvhich^jj;"an;. increase., of -dose upon "1,20'0,000 tons, 1906, £id : ,about: 04 per' cent 1 , 'of-tho ontiro tonnage. • The German ■tounage; wliiGh'-ranks next; was; tons, 'anP£dynn6S!'i6t' Jifljr' ..98,000. tps,. while, the French tonnage, /which stands third at 807,000 ito'ns, "'shows "an''actual' decl.ino' of 50,000 tons. We' liavb, therefore, some reaso_n ; to, be content w'-ttis .'section'of','shipping business. ; .: V. .! / : ■r--.-'; CO-OPERATIVE SOCIETIES. '. ' "■'The-growth of the business conducted by, the co-operativeusoaiotiesVof Groat Britain- has evidently been accompanied by a-proportionate in.cre.aso, in power. An instance' of'the latter has just' been given in. the settlement of a dispute :between ..theso,.organisations, and .one of the in. tho United Kingdom. It appears, that tho railroad ■ managers dc'clincd"to.,.alloiv' tho Darwen Co-opera-tive' Society;- proposed to, lyrango an excursion .for it's members, the 5 : per cent, com* .'mission usually granted to its accredited agonts, on' the ground!),;^;its boing_ unfair to deprivo them of.ffieirlegitimate business/ The Darwen Society I tho matter before ! the managing',board n ojE^tho'Cooperative Wholesale. Society,>nhd .'it 'was determined' that all traffib. possible should be _ diverted from the. offending -railwriy. cnmpany. in order to compel it to fall in with-their ' Svislios. Tho, railway ■ company •held.•.'out' 'fori "-a*!little/ but. powerful, as the company 'is.-th'b'M'bss. of traffic, compelled it to ijociefer and suo. for peace. Tho. co-operators are naturally much elated with ..their'victory, especially as it is understood: that the railway companies generally ' wero acting :ibfjeth'er,-in the.matter. The "Drapers', Jour•nal,". r when recording this incident; wants priof the uselessness of. attempting :singleTlia'&le'd".to oppose any determined action ofrthe co-operative societies. The; annual con* these bodies will bo held shortly, and :theidisp.p.s.al_Qf_il)fiJl2,ooo,fil)o of..profit mado -last-year Will then doubtless bo, settled. GERMAN BANKING,. Considerable activity was displayed a- few years back by German banking interests in .founding subsidiary' institution in foreign countries. : ; Althbugh," in some cases, these have. obtained i; a *fiir■•■'measure of sucpess, their re-sulSi-''as.-'tt'::rule,'''have riot shown apy r'emark- ' -able ('achievements in the matter, of earnings, andi-.two qf ;it)iov;l).aTi|cs working : abroad' cop- ' trolled I))' ;tho combined Dresdrier Bank and : ScliaafTliau'seii.'.Banking Association and tho 'National, " Bank ''for Gormany- fared rather poorly in -1907. ~Tho Gorman .Orient Bank, , .w.hicli possesses. c'onnections. i.n Egypt Turkey.. was, .adyor'soly affected by tlio crisis in tho •;former .'country, whorp; Jt'.iis. .intimately, ; in the cotton, industry, ... In. view . bf'.tho'serious. falt in. tho prico of that; staple, i to find ,that losses on ourrcnt accounfs having to.,bo,...written ! olf.'-toi.tho extent of JE26,000,. and tho directors declaro a dividend at the modesb rate, of- 4 ' •per'cent., An even less, fpvouraye:. showing is .'reported bv the German South- American Bank, which works in the couiitrjes,bordering on the River,iPlato, and wlioso. operation's in- • fvolved the writing off of JC15.000 "on account •of; losses. This deduction'reduced, the. net baHiiilgs to £11,500," and, as' tho paid-up capi--tal represents the rospectablo sum of-£560,000, it is,not'surprising that the• directors elected

to. forcpo a dividend on the present occasion. It is difficult to refrain from contrasting these statements with those of British institutions serving tho! samo localities. Yesterday the Customs revenue collected at Wellington amounted to JE2450 65.. ' .'." MINING NOTES. 'The 1 following 'tiro extracts -from Northern exchanges .Ngatiawa.—ln the Ngatiawa mine- tho drive going-west on the footwall -part. of the main reef advanced 17ft. .during''Jtlio week, and a portion of the reef was stripped with encouraging results. A start will be mado shprtly to put-a crosscut ■ through the. reef near,|thoend of tho drive, with the- intention of-ascertaining its size'and value. • " Waihi, Extended.—The manager. of the Waihi Extended mino reports that; driving has; been continued in tho north-east. end. of the intermediate level, and tho lode is-still of a-. ; largo size, neithor. wall, showing. The face is at present of a low grade,' with a littlo sulphide showing 'in the foofwall oido. A survey_ has shown that the lode, after leaving the winze, bears more to the east, and at No. 4 level should bo running- just along the boundary for somo distance.- Lately it has been bearing more into the Extended ground. The manager proposes to follow it soma little distance further at Uho intermediate lovel, say, for 30ft. and, if .it continues, to resume driving at No. 4 level, in order to dovelop it there. This is a different body'of stone to that on which Nd.'3,ahd No. 4 levels wore driven. In tho shaft fair progress is being made," and the country remains fairly close. The band of stone out some time ago is still showing in tho bottom, and it appears to be going straight 'down. It is about Ift. in width. Brilliant Block.—The drive in the Brilliant Block mine to intersect the main Champion lode has now been advanced to a total distance of 100 ft., and the country being passed through is of a good, character for gold-bearing, as well as progress. A lode from 6ft. to Bft. inthickness has been located, and the manager considers that it is tho body of ore which shed stone in the southern portion of the mine. It is cncased -in a splendid class, of sandstone,, and a level, to cut it' at a depth of 40ft. willbe driven. It will require a tunnel 60ft. long to intersect it. , Tangiaro—After returning from a visit of inspection to the Tangiaro: mine, Mr.'.•&.• T. Firth; mining' engineer, reports that the adit level . has been ladvanced to a point 95ft. in from tho entrance.' At 67ft. in, a ; 4in. loader «is cut; tho. stono having a nice appearance, but there was no gold showing. In the face tlie country is of a blocky nature, and good for rapid progress. Near the Point on the western end of the property a leader has been discovered, from 3in. to 9in. wide, and running .from low-water mark into' the high country. This gives good prospects of coarse gold .by panning. , Good dish prospects'linve also been obtained in several - places along the coast-' line from • decomposed roak immediately overlying the andesit'e. In a prospecting hole sunk, Somo 200 ft.' or 300 ft. .east from the' adit level good dish prospects have been met with. This is being done ~ with the object , of-. picking up the Bremner reef,- and, judging by appearances, it should be near at hand.' The outcrop of the Golden Shore reof has been exposed in several places on the southern sido of the spur, in each case giving dish, prospects of'fino gold. A small leader lias also been exposed on this side, ; composed of good-looking quartz. A .surface, stono obtained a few feet seaward gave heavy , dish prospects. In connection with-the main shaft the engine, counter, and pump shafts-are now in position, .and it/ is expected that pumping will commence to-day.' . Sinking will be continued another, 13ft., and at 70ft. below the collar a level ..will bo projected, to intersect tho Bremner reef.' Driving both hillward and seaward will then be commenced. On the surface this reef has given- continuous dish prospects for a distance- of 250 ft.' Several other 'gold-bearing leaders have- also, been discovered on high land, about 200 ft. above sea-level. Tho manager reports'that-'the adit-level, has been exten-': ded for a -.further' distance of.' 32ft., -making a, total ,of r. 83ft. .from the chamber oh tho Bremner. reef.' .During • the week* another 4in: leader of, very promising appearance was. cut, but tho manager advises driving on, this lender later on, and keeping tho faco going ahead, there being, every indication. of a large reef being near, as water is issuing from the face. " STOCK 'EXCHANGE. '(BY TEI,EGRAHI—mESS ASSOCIATION.) Dunedin, July 21. Stock Exchange Sales: Talisman Consolidated, £2 6s. ■ 3d.; New Zealand Drug Co. (2 parcels), £2. 10s. 6d.j -New Zealand Portland Cement, £1 ss. 3d.; Portland Cement, now issue. ss/ prem.'j i National. Mortgage, >£3 fls.- Standard Insurance, ill 2s. . ~ WEST COAST RETURNS. .' (BY TELEGItAriI"TRES3 ASSOCIATION.) Reefton, July 21. ' The latest mining returns are- as follow:— Pactolus I, 220z. for 131 hours; Pactolus 11, 350z. 18dwts. for 132 hours. . New Big River's first' 'from the . cyanide process .was 120oz. sdwts.' of bullion (valued at Jf2CO), from 200 tons of sands. This, is considered an excellent return.'- ' ' ; WELLINGTON PRODUCE MARKET: ■ Messrs. Laery and' Co.,' Ltd., .Wellington,. re : port; wholesale' prices ruling-' onHho markot :— Wlieat, fowl,-4s; 9d. to 55.; oats', : 2s. 9d."to 3s; »■ seed -oat's, -35.-2 a., to 3s. 4d.; maize, ss. to ss.' 3d.; crushed malt, Bs. 6d.; Prussian blue peas,"6s.'' 6d. to ?s.; fowl peas,: 4s. ,6d.' to 4s. 9d.,a1l at. per .'bushel; flouivNew Zealand, .£ll 10s., Australian ill 55.; bran, ,£7 ss. to .£7 10s.; pearl barley,".£l9.los.; split peas, ,£1810s.; bonedust, superphosphates, .£4 15s. to .£5, ss;; chaff (oatensheaf), ,£5 15s. to .£6 55.; oatmeal;.,.£l3 10s.. to J214 10s.; potatoes, table i£s.- 15s;- io £6 ss;, N.Z., seed;.Up-t6-dates,, .£6 106., Beauty of Hebron v£6 ;; bacpn, factory, sides B|d.,'hams 9d., rolls 9Jd„ butter, bulk; prime. Is., to Is. 2d.; poultry, hens 3s. to 3s. 6d.,< ducks,Gs., to 7s. 6d., turkeys, gobblers 15b; to-22s,;,.liens Bs. to 95., all at per .-pair ;< cauliflowers,, 7s;, to ,12s ; cabbages, 3s. to 10s:, all at per :sack;.,fresh-, eggs Is. Bd., preserved Is. 3d. to ls.-4d'. perdoz.; cheese,,6d,. to:6td. per.lb.; loaf • 71d.; per lb.; onions,.,£B; 10s., to JilO per ton Akaroa cocksfoot, lOd.; ryegrass, 45.• 9di to.ss. Cd. per bushel.' *•' ■ LIVE STOCK' SALES. '', . . . (BY TELEGEAM—SPECIAL CORBESPONDENT.) •v 1 Pahiatua, July - 21. . * To-day's ' stock • sales held 'by Messrs.'- Dal; gety and'. Co., Ltd.,'and Abraham and/Williams,, there'was 'a medium yarding, of sheep,'while tho : yarding of cattle was, poor both in quantity and quality.' There • was,-'fcowever, a good attendance, and prices-may be considered a flight- 'advance' oh- those of tho former week,' especially, in sheep..- Full-mouthed ewes in. lamb made 10s.; t'wo-to six-tooth and' full-mouthed empty owes, -Bs.;' hoggets, according to condition, 4s. 3d. to 7s. 6d.; fat -wethers, 145.l Gd. to 15s. 9d; -Cattle—Two-year heifers, : 33s.;'2Jyear steers, 40s.;' weaners, ss. All cattle wore in poor condition. . ' . . - Messrs. Dalgety and Co.. Ltd., report that at their Pahiatua sale yesterday they had n small yarding of sheep and. cattle.. Mixed lambs made 7s. Gd.and Bs. lid.; cull lambs, is. 7d.; small 2-tooth wethers, lis. 7d. • Messrs. Abraham and: Williams, Ltd., report on their Johnsonville sale- as follows.:—A fuli entry of beef of prime quality sold freely np to 245;; best bullocks, .£9 to £9 155.; others, £8 7s. 6d. to .£8 17s. 6d.; cows, .£6 and £5 ss. A full' yarding of sheop, including some extra prime heavy ewes, sold at the following rates: —Extra heavy, 205., 18s; 2d., 17s. 2d., and 16s. 3d.; wethers, 17s. lid. to 18s. 2d.; light, ■ 17s. 2d. to 17s. 4d.; small ewes, 14s.', Id.. LONDON WOOL SALES. . ANOTHER FIVE PER CENT. ADVANCE... (pt : TELEGKArn—mESS association—copy BIGHT.) .London,. July 20..' For .wool there, was animated sale,,all sorts realising 5 per ccnt. above .opening rates. American buyers are keen. A FIXE PER CENT. ADVANCE., (ni telegraph —press association—corrnionTi) (Rec..July 21, 11.45 p.m.) Sydney, July 21. At' the wool salos busino§s was. exceedingly brisk ajid, prices .for medium descriptions ad : vanced' five per cent. BAR SILVER.(|IY TELEOBArn—riIESS ASSOCIATION—COPYRIGHT.) , London, July 20. Bar silver is quoted at 24 jd. per oz. standard. . _ | A snowdrop always resembles a young girl who has arrived too early at bor first dance.—"Queen." How imperfcct a portrait is if tho .wearer's apparel is_ not corrcctly. .represented. The artist: "with a soul above clothing-" is gradually being.-recognised for what lie really is—namely, a lazy person who shirks his work—Outfitter."-

. COMPANY I' Capital-; Fxm&tnd &S Zs>*S-( rnI0ES ;. y.'-'SiFaidUp. nalrne* "f • Last Investor, ' -v. •-• • Forward. • g , Buyer. Seller. g a j 0> V; - '.'ij: ' BANKS... £ ' <■ ''"£"* £~'."'£S ■;£ '£"s.*s: £ s. d. £ s;'d. i.'s./d) ; New Zealand . ... ... • 2,000,000 ' "501,007 ' «i "3*", 16" "'fl" J 3 l *6 *0 6 0 9 0 0- JH'.I' v.;: National' ''i'.:"'' ! ..... '"375,00()'' ; 361,353 jj 'IS'' 12 c: 6 -1 6 5.5 3 5 a 0..614,3 -iVr'' '•';V INSURANCE,. ,v . -' • / ' -'T; ; National ... ":'u<'' J *.- : 'i..—-tm 100.000 " 249,339 1 unltd, 15 'i 7'V. . a ' Now Zealand — ... ... ... EOO.CCO 806,01. | 8 '10 .335, 0 3 16.0 SIS; ( .5 6 0, :.'.'bouth :British ... ... .... ... ..100,000<' 132,210 1 4) -30: "■ »'•*: 215. 0 215 0 - 5 10 7 btaadard . , ... 75,000 . .W.386 | . 91 10 1 1 -9' 1. 2 3. ,.1 ; . 3,;3 ... - . , -f' ' FINANCIAL. . i'V' .."V)'.'. - Equitable Building ... EMOO IHM-. , 5 ."s— ,10 ?0 .0 o' 10 i 0 JO 3. 6 4 19 .0 " \'VMetropolitan Building 1 ... : co.742''• ! "6,CS3<' : jh' : , nil *'.*7 ■ Invest.'.!; ,7.:. 50,000 ' v3,W,'.r.Ti'.T i.c! .:;0H.'3 .012.3 012. 3 , 5 0 0 Wellington 1 Trust and Loan : 101,250 . 44,334. -k" 5 8': 7- 7.0 7 9 0 "'711 6 '"5- 6 2' ■ National -Mortgage -200,000 - 127,716- V ' 8" ><10' -••S , -l»°6 3 1 0 3 0 0 6 13 1 i ' and BiYer Vlate; ... — 300,000 S5i,000 1. . nil 8 111 0 111,6 4 811 'ijoan and Alercantilo: —. •.> ,.... .. lv5, ..315,133 .,. j -15 - - 5. 0. 311 016 .,0.1 0 1210 0 CAS. ' '~3~ • ~ , Auckland ... : :,.;■' ' ... ... • ... 180,370 •. '£5,463 5 . nil 16 ' ■ ' ''■ ■' Christchurelv-' - ... ••• •" 160,000 . T0,J18 rj —nil— 10 ' 917. ! 6 102 0 '■ 10 0"0 5 0 0' Feilding ..7 ' 1 ... ..... ■: •» U3<i .J. nil .... 019 0, : 10 0 010.. 6- - • - , Gisborne ... ..., ... ' ... '. 17,300 . ], ( nil. ., , ,,' . 212,,6. ; 210.'0. 510 0 Kawera ... ... ... ,5*159 ■ '■ i'SSS 3 10 " i 1/ V New Plymouth... ... ... . 36,000 - 3,159 5 ml 10 Napier . ... iO. G'Mo .15; - ' " ' - , .' ... ... ... . - f 19,057 23,181. - 5 .6 15 3 .2 6 -- r.- North,' ..27,000,. ,4} . lo.,i.7, 5».0 . ..Wellington - '.... 1 121,570 -10... ,', D ,g : ,V 10 19 13 1 5 3 3 ' M"'"'";- . "T' "f 'Q; 1:; ru n . te . r teh •" 163.727 £2.656 7} 5 } 8 .. 8 0. 0 V. . Christchurcll ... . ... .165,920 57,612• jq nil 8 ', 10.0 0 • . ' ;-.T ear *'• .* *" i C'.OOO I6«26i.- 0 210.0 '2,9 0 . 5 2 0 * ''jff l' ■ ~ T V :1',h it Hnii'f « i > ° ."'is l 6 ■ w . .. .•*■ ••• - i v l 8" 3/5 0 .Wanganui „ „th - .• 45,850. • 10.315 . .f .-nil- .'.g ..■••■* •.. \ transport. •;. tETv a ?i^J^ Uway "■ I'D.® 10 -, 121 * 45 ' 3 1 ■•' 'i" 7 2 8 .0 .2 0 0 2 0 .0 ' 217' 2 ••• •" ' 473.MO ' WMMr jg;- nil; r,B' 1»6 , 6 2 6. 6. 0 0 . 613. 1 ' 1 ;••••■ rwm. VS$8<?.< «'!• nU J «;$ 115 :0,' .I'll':'9 5 9,'3 .. .Wgtn. Btcam Ferry. - ... ~. i6aa - ts x . 6 3 . . 0 17 "6 : , ; ; • • ' V ■: ■«"• n ' , ; . , .'V; . Westport ... .„ '. ™ ' ...'■ ... ' EKI.bobf '117.215 ' v|fi '• lj': 124 '' '6'lb"0 . 614.' .6,18 S 6. t' '0,' Taupiri ,. t5,(Wj;. ;- WJ.' a ;t nil- n '.. l o .o w. 6 714 o .'IWmli-EN.,vV*^'; ; -'u' ' Kaiapol ' m. ... -. ! ..; "loojoob -S-2.654T * 6 c u • '•£» : - """Si 18 !,* --"••• r::.*-* i ;*-:„s-*"..H ,b3.157' ; 'i. 1W" t ",3i.7 ' 14. ..1. 110 1U 0. • Wellington . . ... ...•. ........ ; K :tsiss- >/.sa«d.:j4 i . 6 370 3 90 3 s o 71 s I ' \ \ ' ■ -j';.v. ;\ j'l ■ nil ' 6 1'3' 0 1 . ' •• VvX '.Lpylana MdiOBncn;.v':'>...v-';...;-:..t5fl»'. v.tWPl, ;i ,; -.nU 15 2 2 e f2.;Ji«. 2 3 5 - I 0,0'.' • Mauricevillo. Lime ... .... ',... .7,030' 105,. - nil '.-e- '•'••'. ■ ' : , N.Z. Candle r .... ■ ....... ... • 10.000 ; 176 . io' ' nil; ?8 S'^ J ;^ UE3 ; : ' :£W.C00 '2' ;nil . 7 .210 0 a 11 6 *• 211 • 0 6 3 "C" ' i '- '^ aper i - -■ 14,7V5.. .:» 1,682 . -1 .I. nil , 7' l',S - 6 1 3 6 1. 3 . O ' :s..';• f 40,«»V- r2.WS-". i:-: nil ;..U; !.li, 5:.0 /1."5' 0' ■■ 'v:.: banning and Co. r...:h.'•. jc.000' , v/i7.670, v ) i .'..l.10 '•' 4 - 316 6 10 B'i: • Ward and Co..:. ... • ■; to,WO, \10.C55, 4- 1 •',10 :415- r .O' S 0"0 .115 0 ; 8 8 6' --.JftSao. '.vl.'iU5 "o, , nil : U) :'7/ 9 :0 •.{• " '' •" ' ' • • ' Wgtn.- Fresh i'ood ... , £8,261 .1' . nil '. 0 3:6''.'. , • ' - Tcjnbs v...." v... '•..■16,i50" --E0.156■"? 5 -nil '19 i« : 'l) 2''6 i •; ... . , ... . .;• it.eVti t,bll;: :l /nil 10 0- 010-6 : 7.14. 0