FINANCE AND COMMERCE.

Dominion, Volume 1, Issue 283, 24 August 1908, Page 10

FINANCE AND COMMERCE.

. THE SHARE MARKET.. Investment shares were remarkably quiet and dull on Saturday. No sales , were -made, and the buying quotations wero few in number,' Bank of . New Zealand shares were on sale at £9'25., and National Banks at £5 25.; "Wellington Trust and Loan, sellers .£7 Bs. National, Mortgage shares were firmer-with buyers at i£3 Is. 6d.; and New Zealand Loon and Mercantile /were wanted at 4s. id. There were sellers; of Wellington Gas shares at .£l9 ss. and ■£U ss. for the respective issues; National Insurance, buyers -CI 7s. 6d_, sellers 41 Bs. Gd.; South British Insurance, sellers <£2 15s. 3d.; Gear Meat, £i paid, sellers- £9 165.; £1 paid, sellers £'2 10s.; Westport; Coal, buyers .£6 35., sellers «£6 7s. 6d.; Kauri' Timber, 15s. paid/ buyers 13s. 3d.; Sharland's ordinary, sellers 20s. , THE MINING MARKET. Good business was in Talismans, the scrip changing hands'at l£2 3d., £2 3s. 6d., and ,£2 3s. 9d. It is obvious that the decision ■ of the London Board to provide pumping,, plant has given renewed. confidence to of Talismans,y and if;.,the manager can hold "the water at No. 12 level, there is no reason why these shares should not "recover all tho lost value. Saturday's quotations,, were, as under:—; . . Buyers.- Sellers. • Sales. _~ ' . ■£ s. d. £s; d. ■ £'s. d. Talisman ... _2 3 3 23 9 23 9, \Vaihi „ .'„ 9 3 G 9 5 0 — Waihi Grand June. : 'l 12 0 -1 12 3 — Tangiaro-- ; ; 0 1 5 .'0 "1 7 • 0 10 N.Z. Crown — ._ 0 4 4'.— — May Queen ... 0 2 1 —. — Blackwater' 14 Q • -J ■ ' AMERICAN RAILROAD EARNINGS. The business of the transportation'companies can always bo taken-as .an indication of conditions in'the United . States. : Latest mail'advices state that the railroad reports' show beyond doubt that not only havo business, and industry decreased throughout tho country, but they have fallen off to such a degree that tho decreaso in railroad traffic has been of remarkable proportions. •, Companies controlling 153,000 miles of track show a loss in gross earnings in April of over ,£6,000,000 as compared with the corresponding month of 1907. Another group of lines controlling 33,129 mileis, and representing a half-dozen of -'tho ■ largest systems" show a decrease in thoirgross earnings'as compared'with a':year'ago'-0f'.£1,100,000. At the present time, in'- the United; States, about 230,000 'miles 'of line are being - operated by steam ; power.''Tho returns.from the companies show that earnings from traffic shrank during he. month of. April -to tho, extent of- nearly. .£10,000,000. The decrease is the largest on record for any , ono month in tho history of American railroads. It is greater by far than any single month during the last three; years, but it is, not. duo to' strikes .or any special cause, for a "study of the' earniugs for tho first fivo' inonths of the present year further'confirms the serious condition in which' American trade and industry have been placed. The managers of'the various systems havo reduced their operating charges to the extent, of about £5,000,000^,.but, the falling-off in traffic has been.':s'o-:.great-''.th : at'' , .the'';reduction -is 'nearly .£3,000,000: less, than the loss in passenger and freight,-traffic: for the four months,' ■■■ JanuaryApril.-,■ . ~| A WHISKY DECISION. ' A- ; caso which appears ?to be of considerable Importance,' has been, decided by tho Court of Appeals'in tho .United States. It had reference to a- ; whisky: trade-mark,-and the .decision .was given against,,the.. firm.-.'claiming to own the trade r mark,ion;the;grounds that it was used on a label • containing the .false statement that the liquor was-'"pure rye whiakyi" As a matter of .act,- its was shown that it was a compound of rye whisky, bourbon whisky, neutral spirits, Prune juice,. and other ingredients, and was not pure rye whisky." Under the circumstances, the; Court, neld that the firm in quesi i It 110 ownership in tho trade-mark which could;, be. recognised by ; a court of equity, becauso; of the, fact, that • it -. had* been used ■ with labels which were deceptive. "While the Food and Drugs Act provides certain penalties for using deceptive labels, in the form of fines, imprisonment, seizure of goods, etc., the enforcepicnt of thcsß penalties is left to tlie prosecuting officers-of the Government, and the presumptions are in favour of the accused, but under tho new ruling not only would the manufacturer who committed the offence havo to pay the penalty under the Food aud Drug Act ,but he would lose all right to the exclusive use. of his trade-mark. 'It is undoubtedly a fact that deceptive labels are used in connection with trade-marks, some of which are considered'to be of great value, and it would bo advisable for manufacturers and others doing business with the' United States to-see that nothing is contained on their descripions and labels that could-be construed, as being deceptive. .It is .understood, that this applies to all classes of goods. i • . " NOTES. The .United States Mint in the year to Juno 80 coined gold to tho valuo of .£40,433,870, silver jC3,3f5,750, and nickel, etc., .£398,930, making in all .£44,221,550. During the crisis coinage went on at express speed, but it lias beon very slack during 1908.. , ' In tho rix months onded June 30 last 377,664 of the labouring class in tho United States left that country for. Europe., In the. same period only 186,556 arrived. In the first six mouths of last year .739,748-steerage passengers landed in America, and only 155,792 returned to Europe. ■ ■ Tho bMin6B9 failures-in th» United States during tli6 numbered 7561, with liabilities .€36,429,173, showing an increase of 2789 in.numbers, and of in liabilities. Tho liabilities were tho heaviest .for the first half of tlio year on record, and in number tljey wero only slightly exceeded in 1896.

Last week tlio Customs revenuo nnd beer duty collected at Wellington amounted to '.€10,052 13s. Id. and .£l-15 7s. respectively, white for- the corresponding period of last year the amounts were (revenue) *£12,737 15s. 2d. and (beer duty) >£325 17s. On Saturday the amount of revenue collected Tens X 1363 2s. 2d.

The idle cars on the American railroads increased steadily till the end of April. On December 21 last they numbered '208,55G, but on April 23 the total standing idlo -was 413,338— practically doubled sinco December, while a year ago the struggle was to get cars at all. But during the.first fortnight of May there was a silght. improvement, and on ilay 13 the total idle was #1,375."

The report of the Sydney Meat Preserving Company for tho half-year "ended June 30 showed receipts .£100,752, plus a balance of . brought into the account. The expenditure was JJIO-1,780, and a debit balance of ,£1970 was deducted from the reserve account, reducing it to i£45,5G6. Tho trade of the company continued active, but the condition of the markets,-.for, wool and pelts adversely affected tho accounts'. The company does not pay dividends.

Later returns place the world's gold output ■last year.at;approximately .£84,600, or about £02,000,000 more'than was originally supposed.' This: makes the year 1907 a record, with an increase over 1906 of <81,536.500, instead of a small i-ednction, as at. fast supposed.. There wore reductions'in the yields of Australasia and the United-States, but a substantial increase in the Transvaal, and one of fair proportions in Russia. . These were the four greatest producers. .-Then Mexico and Rhodesia showed increases, , but Canada a considerable falling off.

According to corrected estimates of the world's copper output last year the total reached 723,807: metric tons, or, say, 716,130 English tons. This ~showed per cent, over 1906, and of 4.6 per cent, over 1905. The United States output was reduced to 398,736 metric tons as the result of the slump, but there were increases in-Japan,' Australasia, Russia, and some'other coiihtries. The N'ortli American proportion of the world's output of the metal fell from 69.6 per cent. in'l9oS to 66.44 per cent, in 1907.

Tho contraction in business on tho New York Stock Exchange is; shown by tho records for the first.six'months.of this year. The number of shares ' in was or 31,958,339 less than in the first half of last year, and 63,589,198 less than in the first half of 1906. Then, too, tho prices a which they wero dealt in wero much lower. The transfer tax levied by New York State realised JJ676.721 in the first half of 1906, .£492,218 in that of 1907, and .£374,133 in that -of this. year. Last year tho prices at which seats were sold on the New York Stock Exchange fluctuated • between ,£17,000 and -10,250. But there was a sale in Juno this year •at .£14,000. ■ ' '

Advices from Germany are far from encouraging just now as to the outlook in trade. The iron trade and engineering trades wero the first to suffer, but tho textilo industries wero, , by/tho last; advices, feeling the check a good deal,'arid were'reducing their output in consequence;. Tho-cotton-spinners at the.end of June\notified-ay.reductioni'of -output of -.14 per cent.,' and the] imports'of raw. cotton* wero curtailed. The silk--industries were also much depressed, but so far the woollen trades had held their-own a little better, though much of the business was taken at unprofitable rates to keep machinery running. Shipping shares were much out of favour, and Herr Ballin, of the Hamburg-Amerika line, received a set-back at the end of June.. He was a guiding spirit in the German T Levant line, of Hamburg, and that line has been losing money fast. However, at the company's "meeting all the directors wore outvoted, with Herr Ballin at their bead, and they thereupon resigned. Then a group ;of bankers who had undertaken to finance the Levant Company-withdrew their support. How the troublo has ended tlio latest advices did not sholv. .

In view of the financial crisis and the great depression that has followed, the public finances of the United States aro not without interest. The last financial year closed on June 30, and the result was not particularly gratifying.- The excess of expenditure over receipts for tho approximated i 11,000,000, a deficit that has been exceeded only twico sinco the Civil War. The statement shows that total receipts during tfle year were about 599,000,000 dollars, or some 61,000,000 dollars loss than in tho preceding fiscal year, and that Customs receipts fcll_ off approximately by 46,000,000 dollars and internal revenue receipts by nearly 19,000,000 dollars. Disbursements for the year will be shown to have totalled about 059,000,000 dollars, or 80,000,000 dollars more than for tho previous year, and 4,000,000 larger thnu in any other year sinco 18C5. not excepting tho Spanish War period. During tho past fiscal year tho Panama Canal cost* the Government 38,000,000 dpllars, as against 27,000,000 dollars in tho preceding year. The deficiency in postal revenues for tho past year reached 13,500,000 ■dollars, as against 7,500,000 dollars for 190G-7, making a difference of 6,000,000 dollars. This is tho largest postal deficiency in tho history of the Government, except in 1905, when it reached noarly 15,000,000 dollars. PAPAROA COAL COMPANY. The Paparoa Coal Company is issuing debentures for in accordance with tho intimation, given to shareholders at the last annual meeting. Sufficient applications for the unissued »hares hav« not come in, aa< til# directors are issuing these debentures t« provide additional capttri. On« thousand debentures of £35 each «r« to b« isroed, tkey will l«ive a currency of seven years, and will bear interest at the rate of C per cent, per annum, payable half-yearly at tho end of June and December freo of incomo-tax,. Tho debentures will be secured by a floating charge upon the undertaking of tho company, and all its property (present and futu>-oL jrith' the exception

■of stocks, book debts, and imcaTlod capitalHolders ivill have the option of exchanging debentures for. fully, paid-up shares of equivalent value at par at any time before December 31, 1910. Debentures will be redeemable at any time during currency at.a premium of 5 per cent. AVOOL, HIDES, SKINS, ETC. Messrs. Dalgety and Company, Ltd., Palmcrston North, report as follows on their'monthly wool, skin, hide, and tallow sale, held on Friday last:-r-Wo had a largo cataloguo of all classes, comprising 26 bales and 81 sacks wool, 1500 sheepskins, 400 hides, calfskins, etc., 23 tins and 3 casks tallow, and other oddments. There was a good attendance of buyers, and prices all through were equal to last salo rates. We quote as follows:— Wool. —Crutchings, good, 3Jd. to 3jd.; medium, 3d. to 3Jd.; inferior, 2}d. to 3d.; bellies, locks, and pieces, ljd. to 2Jd.; lambs, 4Jd. to. ssd.; crossbred, 4Jd. to 5Jd.; black, 33d.; 'lead, 3d. to 4id. Sheepskins.—Crossbred, 3jd. to 4Jd. and -Ud. to 4Jd.; crossbred full wool, 4Jd. to 4'] d.; crossbred, fine and medium, sd. to 5Jd.; crossbred i to J wools, -3d. to 4d.; lambs, 4kl. 4-Jd., to 5d.; dead, 3Jd. to 4d.; pelts, 21d. to 2jd.; damaged and inferior, ljd. to 2}d.; black, 3d. to 3Ja. j crossbred, part dry and grc-en, 3s. 4d". to 4s. 3d. and 4s. Gd. to 4s. 9d.; hoggets, Is. sd. to Is. 7d.; dead, 2s. 7d.'; lambs, 4s. 2d. Hides.—Ox, light, 4Jd. to 4|d.; heavy, 5Jd. to 51d.; cows, 3|d., 4d. to 4Jd.; steers, and heifers, 3|d.; cows and ox, cut, 3}d. to 3!d.; slippy, 3d. to 3}(1.; yearlings, cut, 2j}d.; calfskins, 3\d., 3fd. to 5Jd.; bulls, 2Jd.; calf, dry, 9d. each. Tallow.—ln tins, 19s. 3d.; casks, 21s. 3d._ to 225. 3d.; fat, in bags, 175.; horsehair, ls.j tips, Is. 2d. LIVE STOCK AND PRODUCE. Messrs. A. H. Atkinson and Co., Ltd., report:—At our weekly sale we had a fair entry of pigs of average quality. Bidding .was brisk, and the yarding was cleared at satisfactory prices. The demand for stores is good. Tho poultry entry was small and tho quality poor. An average entry of produce sold at lato rates. Quotations.—Horses: Seven-year gelding and saddle, £6 55.; aged gelding, £1 25.; aged pony, <£1. Pigs: Slips, 13s. 6d., 13s. 9d., lis. Gd.; small stores, 16s. 3d., 18s. 6d., 205., 215.; good stores, 295. 6d„ 355.; small porkers, 275.; good, 295. 6d., 355., 365. 6d.; small sow in pig, £2 6s. Poultry: Hens, Is. 7d.; roosters, Is. 3d., 2s. 2d.; ducks, Is. lid., 25.; turkeys, ss.—all at each. Produce.—Potatoes, 95., lis., lis. 6d. per sack; carrots, 701b. bags, 35.; wheat, .CI per sack; straw chaff, 25., 2s. Gd. per sack; pressed hay, ss. 6d. truss; factory bacon, BM. per lb. MINING NEWS. (BY TELEGEArn—rEESS ASSOCIATION.) Dunedin, August 22. Dredging Returns.—Waikaka United, No. 1 270z. lldwt., No. 2 30oz. 17dwt.; New Trafalgar, 31oz. Bdwt.; Olrig, lOoz. 2dwt.; Rising Sun, 440z. 12dwt.; Charlton Creek, IGJoz.; Blackwater River, 250z.; Rise and Shine, No. 1, 41oz. lldwt.; Golden Treasure, sGoz.,* Golden Bed, 21oz. 4dwt.; Waikaka Queen, 200z.; Riley's Revival, 19oz. ISdwt.; Enterprise, 18oz. 13dwt. 12gr.; Molyneux Hydraulic, 17oz. 13dwt.; Clutka River tribnters, 13oz. 3dwt. Reefton, August 22. Dredging Returns.—P&ctolus; No. 1 20oz. 17 dwt. for 131 hours, No. 2 260z, sdwt. for 127 hours; Callaghan's Creek, 15oz. for 120 hours; Worksop, llOoz. 2dwt. for 115 hours.

TALISMAN MINE. TEIXGItM'n—PRESS ASSOCIATION.) Auckland, August 22. A Waihi message says:—Tho strong flow of water met with at No. 13 level in the Talisman mine, owing apparently to the cessation of pumping operations in the deeper areas of the Crown mines, will probably not be allowed to flood tho Talisman No. 12 level. It is reported that tho superintendent of the Crown mines (Mr. Daw) contemplates assisting the management of the Talisman mine to cope with the water by resuming pumping from the Crown No. 4 level, and if this is done it is anticipated that, with, tho pumps lifted from the Talisman No. 13 to the No. 12 level, the joint plants will"prove sufficient to prevent flooding of the latter. Should such provo to be the case, thero should bo no difficulty in maintaining tho monthly gold yields from tho Talisman mine, pending the installation of the new and powerful pumping plant being placed in position b.y the company, as there is an ample supply of ore available, including a lot of high grade material between the Nos. 12 and 11 levels. The new plant should be ready to unwater the mine in little over two months time., The scheme referred to does not, however, yet appear to havo been definitely decided upon, though it is understood that negotiations in the direction indicated are proceeding between tho London directorates of the mines in question. BANE OF ENGLAND RETURN. BT TELEGRAPH —PBESS ASSOCIATION—COPYRIGHT London!- August 19. The Bank of England retnrn issued for the week ending Wednesday, August 19, is as under:— Issue Depahtuent JToto Issue ... £65,155.000 Gov. securities i11,015,C00 . Other securities „ 7.434,000 Gold 36,706,000 £55,155,030 ' £55.155,003 BANKDia DEPAIiTMENT. Proprietors' Govt, securicupital £14,553,000 ties ... £15,532,000 Pnblio do- Other securiposits ... 8,050,000 tics ... 27,661,000 Other deposits ... «.465,000 Notes 26,051,000 Best, 7-day andothcr Cola .„ 1.562.CQ3 bills ... 3,718,000 £70,826,000 £70,826,030 The leading items of the Bank of England return afford the following comparison:— This week. Last week. Bast year. £ £ £ Bullion ... „ 30,706,CC0 34,515,000 35,338,000 lteserve 27,633,000 25,476,000 56,016,000 Note circulation 29,104,000 e0,5-26,C0J 20,571,000 Public Deposits 8,0J0,1U0 . 5,146.010 7,567,030 Other Deposits 14,465,000 45,547,000 46,371,030 Proportion of reserve to ' liabilities... 52. "4 £03 48.20 GOVERNMENT SECURITIES. The following are the latest quotations for Government. Securities, with a comparison of those ruling last week:— Variations - Price compared rnce with last week. " ' £ E. d. 2i % Imperial Consols 86 7 6 fis. lower 4 „ H.5.W.1933Jan.-July ... 107 0 0 Unchanged 35„N.5.W. 1918 Mar-Sept ... 93 0 0. Unchanged 3 „ N.S.W. 1935 Apl.-Oct. ... bU 10 0 Unchanged 4 „ Vic. 1920 Jan.-July... ' ... 101 o 0 ss. higher 3$ „ Vic. 19-21-6 Jan.-July .„ 100 10 0 Unchanged 3 „ Vic. 192349 Jan.-Jttiy 69 a U sb. lower 3i „ S.A. 1016 Jan.-July „ D 9 I 0 30s. lower. 3 „ S.A. 1916 Jan.-July ... b7 0 0 5Cs. lover 4 „ Q'l'dl9ls-21 Jan.-July „. ICS 10 0 Unchanged 35 „ QTdlS&f-30Jan.-Juiy _ 90 10 0 Unchanged 3 „QTdl922-47Jan.-July 88 0 0 Unchanged 4 „N.Z. 102jMay-Nov. 107 0 0 Unchanged 8i „ N.Z. 1940 Jan.-July 99 0 0 10s. lower 3 „ N.Z. 1945 April-Oct. „ 88 1U 0 lOs.lowor 34 „ W.A.1920-4041ay-Nov _ 9J 0 0 Unchangod 3. „ \V.A.1915-35May-Noy S3 0 Unchanged Si,, Tas. 1940 Jan.-July ... S9 15 0 Unchanged 8 w Tas. 19-20-40 Jan.-July ... 88 0 0 Unchanged THE MONEY MARKET. The Bank of England discount rate is 2J per cent., to which it was reduced on May 29. Short loans are quoted in London at 15s. per cent., a fall of 2s. 6d. since last week. Three months' bills aro quoted in London at 1-J per cent., tho same as last week. COLONIAL AND OTHER PRODUCE.

The wheat markets are inanimate, with a weak tendency, and there is a general indisposition to speculate. Cargoes are difficult to move and prices aro unchanged. The American visible supply of wheat east of the Rockies is estimated at 2G,000,000 bushels. Flour:—The market is dull. Australian patents aro offering in Glasgow at 275. Butter.—The market is dull. Danish is quoted at from ll9s. to 121s-, as against 1235. to 1255. last week. Weddel's Annual Review of the Dairy Produce Trade refers to tho remarkable improvement in Queensland butter, which is attributed largely to the strictness of grading. The Review advocates compulsory grading, and the stamping of the number of the grades on the boxes. AVeddel's consider it probable that tho average values of butter and cheeso in tho coming season will bo somewhat lower than those of last soason. Sugar.—German beet, 88deg., Id, lower at fls. lid.; first-mark granulated f.o.b. Hamburg, Id. higher at lis. lOd. per cwt. Bradford Tops.—There is moderate inquiry and business is small. Common sixties, Id. higher at 22! d.; super sixties, id. lower at 23jd. per lb. THE METAL MARKETS. Copper.—Spot, 7s. Gd. lower at .£6O 2s. Gd. ; three months', 7«. Gd. lower at .£6O 17s. fid. per ten; electrolytic, £ti 10s. per ton. Tin.—Spot, £3 12s. Bd. lower at -C 132 17s. Gd.; three months, .£3 12s. Gd. lower at ,£133 12s. Gd. per ton. Lead, Is. 3d. lower at .Cl 3 Ss. 9d. per ton. Pig-iron. 7d. higher n': 51s. 9d. per ton. Silver.—Bar silver ic quoted at 22 13-16 d. per oz, standard.

WELLINGTON. SHARE LIST. COMPASS ' «•» Paid Up. Balauco i t * t * . Forward. g Buyer.! Ecllor. Invostot " BANKS ' £ £ £ £ £ jE b, d. £ 6. 0; £ 0. d. £ a.' a Uatlonnt 11 " 14 ~ W u -- 5,000,000- -604,097;'. „x 31 30 L 0 2 0 0 0 0 3 14 1 national „ - ... - - 375,000 361,363 ; If 35 12 5 & fi fi 3 0 INSURANCE. ■ KMiaid :: " ::: r JSSg"' M' '"•» •»»«* B 1* • \*• y• « jj south British - M. - 2 8 30 314 6 315 0 » 0 8 Standard ... .... ... . * .... j- M',} 8 # ?« 3 2 la 0 „ 9 1 FINANCIAL, ... . Equitable Building,.;. m ... rnMn /a242 . lietropolitan Building SSS." ?'S5 . 5 • « 10 Woiimyton Invest. ... . fio'ooo 5'£50' I niQfl oil 6^44 •K«toSii°ir)SSS! 1 ..? 11 ' 1 lK>aU ' MWM ' r 5 g 7 8, 0 7 8 0 5 6 3 No.tioQil lIortga.go .... «.• mn i° r i 74ii J u 3 i r &i'n a ?nd B jae?cam a ila' " ;0 ' SC0 1 niI 8 '1»'« U1 0 1 10 0 5 5 0 U>*n una Alercaniua ... 135,asa Miasm, j tj 5 0 i 4 '0 4 0 1810 0 CAS. " •»' leaaro ; b,463 ,; -'j. '-yi- • • - 160,000 . 63,917. "5 . nil. Jj 912 6 9 15 0 GiJhn™ fl ■" •••• "• "\ 12,000. 935 f D ii 9 018 3 0 18 0 • " : ,fc ::: - IQ \ If 21a 6 210 0 510 0 XJapicr m - , JMW) 27H 5 ml* $ " ::: ,. J » -f % ■ffiStStof •" iim I 4 10 Ho 7 6 0 6 3 3 Wellington ... „ ... ... mM rjlm 1q 5, nU ln 5 0 " " : ' 5 5 30 11 5 0 11' 1 3 110 6 ; .. . L .. ..• MEA T < Canterbury 'i-. . ... t.. • Unristcnurch ; w Z. ' ~ "7i % 6 100 ' Gear ... ItoiSO i7,6ti 10 nil 8 10 0 0 • „ I 12,000 16,£61 1 Dil 12.J -10 0 210 0 D 0 C 5 3 0 Viellington Meat Export ... ... j. 4 . u 12$ 916 0 016 0 ' •" [ 105,765 . 47,050 ® f ® WaDganw J" "I .« ~ ' &125 , f g,. 8 0 3 0 • TRANSPORT, ' h ii a °hiMi?g ih * ay V 170 '2S° 1M ' 453 1 *■ 7 3 8 3 3 9 0 uiii'jj lieu J 473 JIU ' ,,xJ 8 nil 5 6 5 0 G10 0 ■■ Vuui. btearn FeV-ry -I Z] Z . \ „ »g f 1$ g ' 1 15 3 5 8 0 / ' • COAL. - ' > ' 'iaur??r t ■ "" £E ? ,CM 147,431 35 3} 12i 6 3 D 6 8 6 iaupin ... ... H5MXJ -■ i ... nil ,jj ; . , 019 0 WOOLLEN. , ' . Kaiapoi. ... ... ... JOOAM. £2,854 5 nil 65 , Uosgiel. ... ... ... 13.457' a j 14 • 4 Wellington • u.-ias '4 1 e 3 7 0 310 0 3 7 6 7 2 8 MISCELLANEOUS. ■ Donagliy Eopo ... ... ... w ' 53,500 : 351 1 . n il j 1 3 6 2 6 0 6 13 4 Leylaiia and O'Brien ... ■„. isjOOO 37.761 1 nil 15 Alauriccviilo Limo ... ... ... 7,000 SOS. 1 n U 8 " .N.Z.. Candlo ... ... 10,000 H8' 10 nil 8 'if!s .r n V* ■ - ~ - MOgO SC.7SO 3 nil 7 2 10 6 in i £11 0'6 3 0 tapci Mills. ..... . w „ •■91,77a l,o82 1 nil 7 13 0 13 3 K./. Ceiucnt ... eo.COO 2,048- 1 nil ... ' 1 5 0 ' Manning and. Co. ... IG.000 17,670 . 4 1 10 Ward and Co. > r .• ... io.COO M.543 4 1 10 413 6 415 0 JVgtu. Opera House . ] 8 .es0 • 1.705 5 nil lii ' / Wtftn. Fresh Xood .... 18,261' ... l nil uS$it£}l > %lS A ® :n,bs ~ ' 1M50 [0,153 "5 24 10 410 4 26 420 613 bharland, Ltd. ... tt,C13 11,724 1 ml 7l 1,0.0 C19 6 714 0