FINANCE. AND COMMERCE.

Dominion, Volume 1, Issue 257, 23 July 1908, Page 10

FINANCE. AND COMMERCE.

) " THE SHARE ■ In investment* shares yesterday thero was* • Bale of Wellington -Investment shares; at, .10Jd. (cum diy.),,. at' which price - they return ■ about 5 per . cent.,' but as the."dividend of 3 ; per cent.- -for : the half-year is payable almost i immediately, it mc;ms u littlomoro. than>s percent. to the, purchaser. : 111' any 'cast',' tK'G'pnco'' -• secured is ,-ari excellent- one, as the purchaser could iother.investments .which -. would have returned , t G per ■.. bent.; (or 'more.. Financial shares c.were all inv.activedemand.. ■ ■■...Wellington Trust and buyers'. "7s.i': Wellington Deposit, :buyers 95., sellers 9s. .6d.; ; ■: National 'Mortgage,buyers ','£2., 19s.'.6d.,.sellers; £3 os.- 6a.;; New;-,' Zealand: ahd^Riyer,■•Plati),-' buyers 30sV sellers 3is.; New .Zealand Lban-.arid'. , Mercantile, buyers ; 3s. lid.; National 3ank' :> shares were quoted at-buyers i£sj ! sellers JES 25. ; 6d. (ex;:dividend).','*, •,.-shares'i.vwbre,' quiet, with sellers l of New Zealand Insurance ■at JB3 16s. and South British at'J!2 15s."Gas' shares- were ; steady Vand unchanged. , Qhris, : church■ Gas, buyers '.£9 17s. Gd.; ■ Palnierston • ■':-.- North'.Gas, buyers .£7 2s. '6d. r Feilding IGas,.' sellersl~9s.. 9d.;:Gisborne Gas, sellers' £2'■ 12sr Cd. Other quotations were:—Gear Meat, >2-1 paid; sellers JHO, £1 paid buyers 495.i; Hana-;, watu Hails, ksellers i £2,95.j ■ New Zealind»Ship'-« ' ; . ping, , buyers .£6 Is. 6d. V Wellington Woollen; ..sellers ,£3 9s. . Gd.;' Westport Coal, sellers-,£6; / Ms.; Westport-Stockton, lOs.paid up, sellers ai ' par; Leyland-O'Brien Timber,;\"scllers;j£2-.35.; - 6d.; New Zealand Drug, sellers '£2 lis.;'"New Zealand Portland, .Cement, sellers Jsl ss. 9d.; New, Zealand Paper Mills, buyers 225. Gd.,' sellers 235. Gd.; Sharland's ordinary, sellers ; 205.; Wellington 1 Fresh, Food, sellers -Ss. 6d.; ; Whitcombe .and Tombs, sellers":^'2s. 6d.-_ , -; i r i - A --

, "THE MINING MARKET. . A sale'of : Talisinans.- at 465: :9d.':"was. allVlho; business ; recorded:.- the -.quota-', tions show that ' Waihi, Big Rivor,- and . Black-' water' scrip is:firraer,;arid: thero;isralso'; inquiry, for quite, a .number.of shares.-'Tho quo--tations,wero as iinder:— '■ : Buyers. /Sellers. Sales",., ■; ... £s.- d. s.' d. ■ Xs. .il.Talisman ... . ... 2 6 9 2 7 3, 2. G !)■ Waihi 9 i 0' 9 7 0 , - N.Z. Crown ... .... 0 5:7 "0 "G 0 - r " Tairua Broken Hills 0 2 9 0 3 0 /— Tangiaro .0 1 7 0 19 — Big River -1 7 0 110 0 Blaekwater ... ... 1 3 0 — - — Con. Gold Fields ... OJS ;9„, 0.16' -t-/; Progress ■... ■ ... 011 '3 012 3 — Now Sylvia ... ... 0 16 — •— Hartley and Riley..." 015 0 — — ; THE LONDON.,,WOOL.,SALES.. 'Firmness' charactenses : th& 'current" wool" galeain Londori,^and:'prices v^urd, ffd^7ii , penf.'-> above ■ the:'-'- , elosing i '.'Tates'-' of '*the 1 -' May. sales. Coarse and medium greasy crossbred are from 5 per cent, to 7J cent v higher, and greasy 'crossbred lamb; from* 'cent? to 10 per cent. Tho Americans 'are'.mainly'rlspoiisibio tor'< holding- up tho' market, 'and., it ...isi tq'. bo . .hoped that their requirements are large enough to last over the September sales. / _ .. :llait 'adricas to Juno 12 give tho followingparticulars:—The latest'intelligence from Con- ■' tinental Europe is 'somewhat undecided in char.acterJr.iln sombiriieotibnsi.'morb'i-tradovis idoing,\ • : in others .less;,,it. -might almost.;be ; .s.aid„. that'' the conditions in many districts seem-to'vary from day. to .day. This -ho .'doubti ia: attributablo to tho crisis ; ;which tho, industry has recently^ E'assed through; 'The"experience of past months'! is induced a' feeling., of ,nervousness and-. certainty, hard to overcome. • The trade would like, to feel 'that the worst -has- beon ' seen,., and that the improvement had come to stay, and was ; bound to be progressive. It cannot yet, however, get over the fear of possibilities .of relapse, r jit-'is scarcely likely' to 'be reassured "very deefded niovenient at the manufacturing end becomes apparent. At tho moment business in tho available raw. material and tops is much "reduced, as compared with what it was a short time. ago. At the same, time" dealings' "on" tho futures" markets" indicate., soiuo hopefulness and buoy-_ ancy. During the past eight days quotations have advanced:all .round, sotthat.'iniicht of:, tho, ground lost since thy remarkablexupwaxd bound in. the middle of last month .has been recovered. At Mazamut business 'iri-pulled and clean

: ' scoured, wool, very, ..animated, js about normal in extent' "The attitude t>f'sellers • varies,.somb'showing a disposition to. mako con-. .cessionVJin .OTd'er,jt6?seAureV'ffi;,PHtlet;''wJiilst.', •v. obtain'iuUy^r.ecbni'.rafe"----' '• t grown' .. engage, 1 , attention,;- and;;the. stnigglojbet'weenj the producers'and''t:hose'iwhoiCdeal-"in!;, these, descriptions promises, to! be an exceptionally ■ keeii 'orieV' Wo'br staplers "are;'naturally"d'oiri'g'. ■ nil they : can to,impart, an ,air. of depressio.n, to the market at/, this juncture. For two years • past they have:..b,ebn..;losing i'inbneyandthis time they' will make ■ a determined 'effort to ' recoup themselves; On the other hand, farmers in Englandlaii' fairly .prosperous: '.For sevorifl; : years back they liavo done well,, and, not being ' pressed- for. money,-they are.likely;, at'niiy rate, in the firsf instance; .'to. look.'hskauco' at-the offers made' to them-for'their, clip.- Twelve. ' months ago they'-hesitated ;t6 : acc£ptthf iedub- ,i tion from the .previous' clip; time,' and; on .this occasibn no doubt the prices offered will' appear to them ruinously low.' , ' _ In the caso of merino and fine crpssbrcd colonial wool, the difference between .the ideas ,of buyers and sellers with 1 regard to price, js. licit po great as in tho-coarser-fibred descriptions/. Nevertheless, business is slow and dragging,' (spinners''and 'who employ: the fine haired sorts complain of the absence of response to the rally in the' price "of wool:Manufacturers in particular insist that neither the advance in .the cost' of. the raw material, nor the improvement in .the weather has brought the grist to their mill that they were justified' in anticipating. It is, of course, a question, of degree. Tossibly they expected too_ much. Any way, they crinnot deny that there is some improvement, and if;'until it further develops, they elect to buy only, frorii hand to mouth; tiint will only to give soundness txd stability to the wool situation. 'Maok feu

terest is I %lt'?iri"ilie position of : the United States ,of America,;,, and tho. belief expressed by the head of;ihat great combination of manufacturetsi"" thii'"American Co., that stocks._of goods in all hands'must have'run very low," arid that ere long such a scarcity, would be' experienced. a?_ t would setmachinery ' a•'g'oing atiuU.swingi' is -regarded as a very hopeful'feature... 4". ' ;

-■ 'A'.conference Commonwealth wool-selling brokers Sydney early last week ,to;"deal-r'AVath : : : theqes£ioa of limiting the offerings "and' '-extending , theselling' season. Tho 'trouble 1 is that--under: present conditions imore'than half-the' Australian" clip is sold in less-than.throb mbnths/ifpr instance, out.of.the itOfcl^'Ailstralisn 1 ? production; of 1,587,280. bales last-season (excluding iTasmania) no fewer than 882,G03\'bales wore sold in the local markets 'prior;to December 31.''The same turnover could nof'Bo,'effected- this'year,"without: a splendid l re66vel'y''ih tlio'.'vhiuos.'.' ' IJnless, some such: system: of gradually feeding the market is adopted growerii' London brokers can do better for them than the local brokers.

WHY' INDUSTRIAL-BUSINESS, IS COSTLY.

Liferhas:issued a lengthy ex'planatibn"i.o'f!,.;the"iecbnomlo significance of industrial assurance, in which reference ismado, to ? the'"andlogy between ordinary arid industrial business.and wholesale and retail trado. ■Th'e"poiiit'iS'well''made,' as follows i-'-Just as with, commercial commodities thero: are. three costs for insurance.—(l) .The net -cost of tho risk; (2) . the wholesale cost, as in ordinary rassurance; and (3) the retail cost, as in industrial assurance. This analogy will bo seen -ifr we oonsidcr'*tho ■ case»of a necessity, ■ such ■ as coal. .fTheUcostrv.of'.this commodity at the mouth- would,,,bo 7s.' 6d. r per ' ton.' ,v-If a large manufacturer" or a coal ..merbhant wbro. to, purcl^se, Jjy '.Jtgisfcjoads,'" he'-wputd' pip lis.' per 'ton. : Tho, wcgo.-:earuer, by; the- necessities.of ; his. fi'iiancial'iposition,^ls ; compelled to- pur'chase'his household supply in small''quantities; sometimes only a bag'at a time, and probablyj pays af'th'B"rate'''of"2ss.' per ton,, the reason' being'thatwtho l 'retailer 'and'.his. staff of employees must b0.3 paid for the particular '■ services rendered to the small client. Here, again, tho poor.iiu'an .pays 'more than : the large manufacturer, but could .ij;, be' seriously urged that because of the cost o"f,tli'oso services the labour--ing.classes_shQlil.d,-..thereforo,' not' use coal ?, The position is precisely tho same' as with assurance, and - the ,person who "buys assnrance, or any-: thin^.'else,*in?s'm^llitlMntities J must of necossitv, nay more than the individu'al who buys wholesalo.-'On this question Mr. G. H. Ryan, .E.1.A., ■ one of the leading.-English- actuaries, h: " Iff might be a'regrettable; thing, perhaps, '■on'- : ethical "grffttiTdS.'.-tluit the class least- able to.'afford it a' higher rate for their luxuries- and iiccfiSSitidtP than tlioso, better off, but- political ecdMfWV I ,which had- ,to take account of the cost" "bp-distribution, offend no way, out of, thq, d.pcultjj." Yesterday revenue collected at aniouhte'd-'tb .£IV7S 17s. 2d.

STOCK EXCHANGE. ' • (BT TELKGIui'H—rEESS ASSOCIATION.) >7 f • Duncdin, July 22. ; "Stock . Exchange .sales.—Lady Roxburgh («s6ntrißttEsd);A7s339a. land Bs.; v Tangiaro, , Is. '(sl'.; Now Zealand Dnjg, d£2 ' .■ AUCKLAND .STOCK, EXCHANGE. ' ..ASSOCIATION.) o . ' t Auckland, July 22. -At'theTneeting of the Stock Eichango to-day, "lir." Buttle,.. chairman, denied the 1 allegation the House of Keprcsenta{ives7.'TSft.t' r thelEichange blocks prospecting, 'atifl •ass6rteH i : thore?>vas nothing to prevent outside of the Exchange on iwh'atever terms they pleased, but for the .protection of the public the Exchange reserved the >'rTght'vto .refuse to. quote any stock when :tHoy'"c'ohsidored':tlro vendors asked too large a consideration'for'their interest, more especially wheri 'a - c3n'sidSrabld"portion. of the cash subscribed goes to the vendors instead of to developing the property. He knew of no "wild cats" having been-'foisted - upon the public -with the consent" of'the Exchange during the last four years iCV-hjch the Exchange had •t.ajcen ,up its present, attitude. ''".'r- MINING. ' vrSrX Csi' TBHWBAPH—PBBSB ASSOCIATION.) • -1 1 Auckland, July 22. ' During tho month ended July 11, the Waihi Grand : Junction Gold' Mining Company crushcd and treated 4000 ore for a return of bullion valued at iGOSI. This is a slight in--crease upon tho return for the previous month, •when 3938 tons yielded ,£6034. The return for the corresponding' period last year was. .£6300 fromV'3ss9'toils. '.The-total amount won from -the'mine'to'.date is ,£124,219 Is. Id. ■w; ~'',':',7„V'PEoperty SALES.

■'There 'was a good, attendance 'at the Chamber of Commerce yestorday. afternoon, when Messrs.'"Pcarce and' Graham offered'at public auction 22 lots of proporty, .by. order of the sheriff.-'"l'hc following/properties were sold:- .. • :..r , £ s, a. Lot 2.—No; 7 Jjoraud Street ... . 590 0 0 ' • 7—Four cottages, Westbeach2ooo 0 0 " : B;—PetonpV AVenue'; 535 0 0 jo —No. ' 89 Central ■ Terrace ... 3-10 0 0 ,13!— No. 91 Central"Torraco ... 330 0 0 ' " 14.—N0. 99 Central Terraco 330 0 0 :15.—Waiwetu Road ... < ... .1015 0 0 • - 17.—N0. 7 Bridge Street 550 0 0 " 18—No. 8 Bridge Street ... 555 0 0 " 10 Bridge' Street , ... 590 0 0 " 20. —4i acres, Belmont ' ... 550 0 0 .21.—1-3fith share, Haugliton Bay 20 .0 0 22.—1-20 th share, Westbeach :... 20 0 0 ...' Tntal tales -.'j 1,1 * •« £7420' 0 0

LIVE STOCK SALES. Messrs. Dalgety ,and C 0.,. Ltd., hold their monthly sale at'the Otaki yards on Wednesday, when a very fair entry of sheep and cattle was submitted to a good attendance of buyers., With two exceptions, all lines woro sold, prices ruling as follow Mixed aged owes, in lamb, 6s. Id. to 6s. Sd.; culls, is. 6<L; woolly hoggets, Gs. Id. to Bs. Gd.; light fat and forward heifers, <£3 10s.; poor .conditioned threeyear steers, ,£3; poor conditioned two-year steers, £2 35.; aged cows and heifers, 315.; heifers, in calf, £2 6s. Messrs. Hudson and Marriott, Ltd., report as follows on their monthly salo of wool, hides, and skins at Levin yesterdayThoro was a good attendance of buyers, and prices generally showed an. improvement, particularly for_wool, skins, and • crutchings. We quote:—Wool.— Medium crossbred, 4}d.; inferior, 23d.; dead, 4d.; medium crutchings, 3jd-; inferior, 2Jd. Sldns.—Medium crossbreds, to dead skins, 3d.; dead hoggets, 2Jd.; pelts, 2Jd.; lamb skins, 3d. to 4Jd.; green skins, 2s. lid. to 3s. 9d.; green lambs. 2s. sd. to 3s. 5d.; broken, 3}d. Hides.—Medium cow, 313. to 4d.; light, 3|d.;' farmers', 3|d.; calf, 5Jd. to s|d.; damaged calf, 3|d. Tallow.—ln tins, 135.; in casks, 225. 6d. / Messrs. Abraham and Williams, Ltd., report on their Masterton stock sale, held yesterday, as follows:—A fair yarding of sheep of all classes was submitted to a moderate _ attendance of the public. Bidding at auction was dull, although the bulk of the entry was disposed of privately.' Prices realised wore slightly in favour of purchasers. Wo quote:— Sheep.—Best lambs, 10s. 6d.; other lambs, Bs. 6d. to 9s. 4d.; medium sorts, 4s. to ss. 9d.; mixed ewes and wethers, 12s. Sd.; two-tooth wethers, 13s. 9'd. ;• sound-mouth ewes, in lamb (medium), 7s. to Bs. 3d.; cull ewes, 2s. 7d. to 4s. Cattle.—Empty'heifers, 525. 6d.

(BY TELEGBATH —PEESS ASSOCIATION.) Christchiirch, July 22. At the Addington live stock market there were fair entries:of 6tock and a good attendance. Store sheep were in good demand. .Fat' lambs were rather easier. There was a little improvement in fat cattle, and pigs sold about the same as the' previous week. Tho yarding of store sheep was about as large as last week, and there was an improvement in the quality. There was an excellent demand in spite of tlio wet weather, ewes and hoggets being most in request, and late prices were fully maintained. Two extra good lines of 2-tooth ewes .made 225. 6d., and well-grown- hoggets of mixed sexes sold up to 13s. 3d., and others lis. 9d. to 125., while a superior lot of ewe hoggets brought 14s. sd. A few.lines of wethers also met with good competition at late rates. There were about 2000 fat lambs penned, and tho quality showed a falling off. The competition was'not so brisk as of late, and prices were a shado easier. Tegs made 17s. to 17s. lOd.; ordinary freezing .weights 13s. to 16s. 6d.; and otlierSi 10s. 6d. to 12s. 6d. There was, a fairly large yarding of fat sheep of mixed quality, and including some good lines of wethers. There was an active demand for all prime sheep, especially wethers ,and for these there was an advance of about Is. per head. Other descriptions sold at about late rates. Towards the close several lots of these were withdrawn. The range of prices was: Prime wethers, 19s. Gd. to 235. 3d.; medium, 17s. Gd. to 19s. j lighter, 16s. to 175.; prime ewes, 17s. 6d. to 20s. 3d.; medium, 14s. to 175.; aged and light, 9s. to 13s. *6d The entry, of store' cattlo was composed chiefly of old cows, which mot with a dull sale at-15s. to 50s. Good young stock. was much 'in '. request, 2-year-olds, fetching £2 55., and 3 and 4-year-old steers; £6 10s. to £6 15s. The better,'class" of dairy cows met with fair competition, though there were few good ones entered, prices ranging from Jis 10s. to £7 10s. Tho entry of fat cattlo totalled 223 head, including some lots of very prime quality, but the general run was very mixed. The demand was fairly active, and prices on tho wholo a little firmer than Inst week. , Prime steer , beef made 20s. to 265.; medium, 21s. to 225. ,6d.; and cow and ordinary, 17s. ,6d. to 2ps. per lOOlbs. The range of prices; was: Steers, ,£6 ss. to ■ill- 10s„ and extra, .£l3 ss. to £15; heifers, ,£5 10s. to' :£? 10s.; extra to .£lO 55.; and cows, ■£4 10s. to f 10- A gooa yarding of veal calves sold 2 ,?• 6d. to 7s. 6d., according to size and luaiity- A; moderato entry of pies ■ sold at about late rates. Bneoners made 50s. to G2s. Cd. (equal to s}d. to 5Jd. per lb.); porkers, 355. to 455. (equal to sjd. to 5Jd. per lb.); largo stores, 30s. to 345.; medium, 255. to 295.; largo wcaners, 12s. to. 18s.; and smaller, Bs. to lis.

(n? TELEGRAPH— PRESS ASSOCIATION.) •. ' ' Dunedin, July 22. At Burnsido stock .-markot,' 229 fat cattle were yarded. Best quality- bullocks were firmer than last, week, but prices for unfinished cattle declined. Best bullocks, £9 10s. to £11; extra; to. 7s. Gd.; medium, £7 15s. to «£8 10s.; inferior, .£6 to, .£6 155.; best cows nud heifers, £7 10s. to .E8 os. j one extra, JCIO 2s. Gd.; medium, M 4s. to £6 155.; inferior, .£-1 10s. to £5 ss. Sheep.—lG3G yarded. Tho quality was not as good as last »week, but prices for good wethers advanced about 2s. a head; Best wethers, 21s. to 2-ls.; medium, 17s. to 205.; inferior/ up to 16s. 6d. The lamb season is practically over, and very few' were forward. Prices were firm at late rates. Pips.—Thero was "a small yarding, 'only 70 being offered. Prices for young pigs showed a rise of about 2s. a head. Suckers, 13s. to 11s. Gd.; slips, 15s. to 18s.; 'stores,' 235. to 285.; porkers, 3Gs. to 455.; light baconers, 465. to 495.; heavy, 535. 'to Gss. ... ; GRAIN MARKET. . j •;■ (BY tELEOKArn—PRESS ASSOCIATION.) Dunedin, July 22. _■ Inquiry for Oats has slightly improved, but few; transactions of . note. can be reported. A number of . farmers'prefer! to hold consignments rather than accept the reduced prices offered. The. market for < local consumption is verv quiet. Frinie milling, 2s. 3d. to 2s. 3Jd.; goofl to best feed, 2s. ljd. to 25." 2d.; inferior to medium, Is., lid. to 2s. Wheat: The improvement reported- in the London market led to more inquiry from '.millers, but- as a largo proportion of wheat in the city stores, is held, at 1 reservesconsiderably in ; advance of pre-, sont_ quotations, little busi.noss. passed: - Prjino milling, 4s.' 2d.' to'4s., 3d.;' medium'to g0.0d,, 4s. oid.'to'4s. lJd.; : fowl wheat,'4s.' to 4s. id.; broken and. damaged, 3s.'4d. to 3s. 9d,. V V LONDON. WOOL SALES. . .;' (BT mjWnAPH—PEHSS .ASSOCIATION—COPYRIGHT.)' ,: London, July 21. Tho demand for all sorts of wool was animated yesterday. Sales included Kawaru, ■17|d.; Annandale, 9Jd.; and Blackhead, 9Jd. (The quotation for tho .Kawaru clip is obviously incorrect. It is probably 7|d., for- the same brand sold at the corresponding sales last year at lljd., and 3Jd. about represents the market fall since then.) The New Zealand Loan and Mercantilo Agency Company' has received tho following cablegram from ' London,' dated July 21:— "Wool;—As compared with last sale's closing rates, prices are liighor about par, to 5 per cent, for greasy merino super, Jambs, line greasy crossbred,, and fine , crossbred slipe; about 5 per cent, for coarse and medium scoured crossbred and coarso and medium crossbred slipe; about 5 per cent, to 7J per cent, for merino medium and inferior, scoured merino super,' coarso. greasy crossbred and medium greasy; crossbred; and about 7i per cent, to 10 per cent, for greasy crossbred lambs. Sales progress firmly." , AUSTRALIAN MARKET REPORTS. (BT TELEGRAPH—TOESS ASSOCIATION— COPYRIGHT.) Sydney, July 22. Whoat, 45.. 2Jd. to 4s. 3d. Flour, £3 ss'. Oats, Tasmanian Alfjoriau, 3s. 7d.; South African, 3s. 7d. to 3s. Bd.; New ' Zealand white, 3s. 7d. Maize, 4s. 4d. Barley. Cape, 4s. Gd. Bran and pollard, 416. Potatoes, Tasmanian, £5. Onions, Victorian, ,£8 10s. Butter, 130s. to 1345. Cheese, Bd. Bacon, 7{d. Molbourne, July 22. Wheat, 4s. l*d.; flour,'-£9'los. Oats, Algerian, 3s. 3d.; Tartarian, 3s. 9d. Barloy, Cape prime, 4s. 2d. Maize, 4s. 3Jd. Bran and pollard. Is. 2d. Potatoes, .£3 15s. to £1 15s. Onions, £7.

Adelaide, July 22. Wheat, Us. Id. to 4s. lid. (offered) and 4s. 2d. (wanted). Flour, ,£3 10s. Bran and pollard, Is. 3d. THE METAL MARKETS. (BY TELEGBAHI—TRESS ASSOCIATION—COI'YUIGIIT.) London, July 21. Copper.—On spot, .£57 17s. Gd.; three months, ,£SB 10s. Tin.—On spot, .£133; threo months, Silver, 25 5-lGd. THE WHEAT MARKET. (l)Y TEI.EGUAm —FUES3 ASSOCIATION—COI'YUIGIIT.) London, July 21. Wheat is firm and is Cd. dearer. SHARES AND DEBENTURES. ([)Y TEI.EGIUrn—I'RESS ASSOCIATION"— COPI'ItICIIT.) i London, July 21. Buyers. Sellers. £ s. d, ,£ s. d. Union Bank G1 10 0 G2 10 0 Bank of New Zealand ... 910 0 •10 0 0 Bank of New Zealand 4 per cent, guaranteed stock, JB101; New Zealand Loan aud Mercau, tile debentures,

WELLINGTON SHARE . LIST. .. . •- Reserve £8 J- 1 * *' PBICESi'. . Yield ' COWPAST ' • f.TiUAl TiW «n'1 i>* *- ' 1 to POMTAHT. PudUp. Btbaea '••> ' Lart Investor. •■Forward. jj B I0 '. g. Buyer. Seller. g,^ banks. £ . i V 's "£ z «• 4 ' £ «• d - £ d - £ »• <*• ' New Zealand ... 2.000,000 .'6W.097 . '31. ; ',10. "9' 3 6 ' - 9 6 0 0 0 0 314 1 National ... - 375.000 361,363 »j 15 13 5 0 0 6 2 6 5 6 0 614 3 ;• 'INSURANCE. . .J' .[.£ ' National ... ... ... «i ... 100.000 249.333 1 "nnltd, 15 I'M " \ ■ ' 1 : Wew Zealand . .... 396.6T4 8' .10'-: " 316 0 , 315 '560 South British ......... ..!• ">100.000 V433.240 ; "»■ ' 30 " 'fM '0 ?" J 5M 1 : Standard ,■••• 75.C00 W.386 | ■ 0i 10 ,1 1 9 123 133 :;w FINANCIAL. t \' i L iL'5 T: •• ' Equitable Building ... ... ... BO.OOO- ; ,:E«,743: 5 5 10 JO;,0 ; 0, 10 3 0 10 3 6 <19 0 • Metropolitan Building. .:■... J £0,742 . : 6,683 jn nil 7 . -■ „ „ , ... • Wellington Invest; ».k • 60X00 3,833 14 6 011; 3 '0 12 0 OlllOl [ 0 0 ■ '"'.'•'"Wellington Trustand,'Low;-,',101,250 .,>44,334' 5 6 8 IJ i'*®'O'J ® 9 1 5 6 6 3 National,: Mortgage ... £00,000 137,746 o 8' 10 '319 6 3 0 6 3 0 0 6 13 4 ': N.Z. and Biver Plate .. ...;, .« 300,CCO .256,269 1 nil 8 1:0 0 ll 1 , 0 111 6 -4 811 y • i/OAa and Mercantile . - ... ,135.223 315,133 J . 6i 5 0 8 11 0 4 6 0 40 1210 0 '.'! ■'; : CAS.. ; v. \ ji'M* ' '' ■' ' Auckland'... .,, •„. 160.370 £5,463 g nil 16 . Ciiribtcliurcll ... ' ... . 160,000 63,917 5 nil . 10 917 6 10 3 6 10 0 0 5 0 0 , SS ;. ... .,. ... 12,000 . 936 1 nil ... 019 0 0 19 9 019 6 v uisborne ... ... ... ... ... r.uwoo ,~ijo,565 ::rj ;i3j .; ; i. = r.A2ia 6 aio .p. bib o V: Sawera ... 8.250 694 /j i 10" flew Plymouth'... ... . ... 16.000 _ 5 > nil. ,1Q ., " Napier ... ,.S '... - ■ jo '-nil- • 15'• - : ■ •• ; .,/• , , ; . i>apwi I igjssi. J3484 5 S 15 > ■■ ' „ . : ... ... ... I J . 1 0 .15. ' . . I>aliiierstoA"KOTtli' : 'W''' : . : '.'rf.27,000.. . •< »>io> ■ . ' .J .Wellington : ■ i» I'msTO'- :• !1,798;.10 ; ml 10, 19 12 6 19 T 6 5 8 3 ■ „ „■ • — ~ »- > - 1 ■ 5 't. 10 1010 0 , . ; ' heat. . - C •;:. ''.u. I'j; ::.rc :; t . ,; -:■■■■ Cpterbury _ ... -. - 183,727 52,686 . 7 I 25 8 8 0,0 Ohiuteboreli - ■ ... ... ... 77,643 10 nil 8 " 10 0 0 ■ Gear-.- .—,1 ■■ aM J 12 1. 2 t.O 210 0 'a M HO ' V ::: »«. A ° 6 ' . . ... ...... ..«• I 105,766: .;£W; -fi- -,-l-- : 52 O'.,",;.. , v: : .Wangaiiui .. » — 45,850' .10,315, "JwY ,,Tg 360 . •TRANSPORT, ' • ' ' ' 'vJf^ a 2?'. lt -. Eail " ay '" '•*' 170,000 121,453 J 4 '7 3 B 0 2 0 0 "9 (9 0 217 2 • Shipping. ...' ... ... ... 473,840 V110i7ep;j g < -g; 6, IJJ5 5 2 6 "6 0 0. 613.4 ' E00.axf - -SaAl- --nili -gj .-a:i4w6 115 0 I'll 0 6 9 3. . • . ..WBtn. fiteam Perry.... „ . j6,250 x an _e . , 017 6 • coal, ■ •-.i4„;A2 -- : , _ ;Westport J', 250,666 - k7,«l-' gj-j'io 0 ( 614 0 : 618 C ( TO 'i'aupiri;. : v -. ;.„bf,000 '-.16.C.3J. .'i bU ?j 1 0 0 019 6 7 14 • WOOLLEN. ' " ' ,, ;• •• • Kaiapoi.', w >_• w . :oo,ooo.' • £2;ss4 ' 5: nil- : c » • ' •"• •• • •: «0»p«l- -,•„. • 83,457, •'•'17,212 : " 3 j lj' ".i ' .. •: '3 10 1H 0 .Wellincton i .62,925 >4.363 4 1 6 3 7 0. •? 9 6 3, 8 . o 7 19; miscellaneous. , ,/ Bonaghy Hope 1 ,,•... 1 M . • 53,500 1 '1J1 .1 'nil' 6 "1"3 0 '1 4 0 ' Leylana and'O'Brien ; rss.OOO". ':.S7.76l 1 ; nil 15 . 2 3,6 3' 3 6 7 0 0 1 : MaunceviUo lamei iv.. si •„,.. ■ v.. 1 ■•;"• -7,000 • '£05v .j nil' '-8 -"'■>'■••> . : , ' N.Z.;Candle'.,;-iio,000 - B76 10 niL .8..;;..,,:' ' ' Wi- lr .iv- •••vv .-£00,000 ,;£6,730 2 nU 7 210,"fi. 'S11 0 311 t III raper Milla .„ ... £4,775 : .1 nil 7 1 3 6 1 3 6 -1 3 0 ■■ /S- 21 - Cement i.i' : -.-.V-iO^OO"W-'l .' ffll" :1 "V'S 1 0, "1'8 9 '■ : -'Manning -and 'Co.: 'V.: : :J6,000." ' £7,670 4 .1.- 10 316.0. 316 6 10 9 1 , Ward;and Coj,... ,,<;EO.(iOO.. > .10,655 4 1 10 415 0 6 0 0 -415 0 U » 6 '• w B J n -'S? el^'-? < "^ e "V" •': 18,630.: ::;;i,?05;5 nil 13l 7' 9 0, 7"• ' ' : Fresh Pood ; 1 , nil, ... : 0 3 6 ■ ■ Wlutfombeland.l'cmbs . .:. ... 46,250 J0.153 5 . .'nil,', 19' ' • ' 4 . 2, 6' .. ■ :, • Bharland,.Ltd. •■' : 11.724 ; 1 nil"" 1 7}" ''""• "l- O'-O '019 t 7U-D