FIANCE AND COMMERCE

Dominion, Volume 2, Issue 434, 17 February 1909, Page 10

FIANCE AND COMMERCE

'£$■■ - .'• • -'^'' i ' '•■■ -''f- •". ■': • > ' WELLINGTON SHARE LIST.

Tlie'above quotations are taken from the daily official lists of tha Wellington Stock ?:■' : -'-0 ' 'J:: ..: . . ' Exchsngo. ■ 1 -

"WELLINGTON STOCK'EXCHANGE. There was no; sitting i'of:;tlie, Excßange yes';;J; : terday;on ; account, l of;.tJtie;,publi(r::fuheral. of; tho . rictims of the Penguin wreck;--.- ;'••/. ; : y:SHIPBUILDING INDUSTRY. l: It was reported by *cablo tlio other, day-that ' ;- 21yd0 6hipbuildors had! booked orders for :f somo ; ! ; pIrtlio .-yards 'are. ■i';iii-feyin:.-.STOrking.; fiiU Vtinle:i ;.'SMpbuiiders and: . ship-owners ' suffered ;ve^ : seriously i : from the' 'v 3:?; ; in: 1908; V.' , ;V' Accordingto "the annual reviewissuedbyjohn ;:Jv; i "^.Whi^ > ;:tha;year^iaOß:oommencea''with\severe : '. : ' -: - dopresaioiij ' and .110 improvement was-experi- • . . enced. throughout tho yeaE Shipbuilders,,, of course, suiftred severely from, the prolonged" ; etrikes, andthe output'of; tho;yards; t was tho: .'•• smallest 'for 20 years, with • the \ckccption. of 1893, and' amounted t'o littlomoro thaii balf .' '.• tho toial'of tho preceding .twelve '.months. V Ship-owners have tared 1 almost equally badiy, and the : aciitd depression has been by, , ' : tho number of ships, laid up at homo 1 -and foreign ports, tho-total; now being estimated at V^: ®- : ; 1.000,000. ToM ..o'f;VsteaWferai. fr r rh'e ;eScess J,of ton-: nage for tho amount qf.'trade passing; has: beenf ■ v ■ ;felt equally-'byliiiers' as-bytramp -steamers;and several of tho regular lines liavo had .to . ..' -.- reduce .their; sailings.. It is; stated that Tvliilo , there have :b«m previous periods when freights ::; . ;.ih \ onedirection., hayo; bcen.-as; : . thaii' thoso- ruliig dnring l the -past year, they j°i novl?r ' ,een so -l° w ' n I' 0 "1 directions, out : snd home, -at tho same time,.-and,' moreover, ': -: : "aye never, bean so low homeward at the; season' new.crops. :.Thc.one 1 hop,efiU;indieation is to' • ; be found in tho fact, that : the . difficulties en- . - botn-iiritish- and .forGign.'. to endeavour .' to .stop - . '. - .which -it 'A.""^;^ i ';. ; i s ''-™--™V'^ 0 i?«d-;-^t'-;continue;;hiveV'beW'-'hiad« ;: ;to terminate passenger rate cutting in. the.'At- ' - %Fe«m<;nls'"'haVe' - : , general cargo-freights. 'This'affords. pdssibili-' ■X:. tfls:fnhvre,-andr^ie::r<Strictioh::6t'p!ro^ .. • 'lacuoa-iu: regard, to ships -is.-bbuiriVto -relieve ' . • c , on S estlOß ' - ,Tho experiences ..'of-I V:;; If S, however, will "long'Jinger ;in thol.mei,lories. {shippingW-v I'iie.: re'pbrted'ihust have a 'far : '';i;' i fT eac^E^ <! '|ect,:;a^.ii-;;)^H^stiipulato/activity' ■'' ?^ d^^?^s-^; '.: bl , t l l^ t ;th«. ?ri(ißh'.,Gq.yprnnient ; will ask'for ' a , bl ?, vo to warship construction, 'and this "should give a furito stimulus. .

THE WOOL-TRADE " . Messrs. Henry IV' Hughes and Sons, colonial -W j l,1 ? 1 ! r -i annu . a .l • wool-, report for, . the ' prospects ;; . 1 r .®oe is reported loi be healthy, in; most con-! .. Burning;, centres,-- but:,iuutil. inorp:** activity''-is apparent. in "the greatt'lrc^Vc^ly^Vs'snibpinc' - - industries, ,:it -cannot ;be rßaid^thaKtho'-ttfitioofe :. is'-altogether propitioui; Thpfe''are/'however' - - cieari iin' Ahiorica.vthat the (hero'are practicaiiy no old .stocks anywhere, it is a reasonable. assumption that;'! with, more favourable !. trade conditions ahead,, present values should V .be,-maintained without-difficulty.': ;From a ; statistical :, point of ./view, thp. prospects - are '.;V.P re .fayourable.. for.ifiuo "wools than coarse. The ; ...'produrtuinvoff crossbre(ls..is;;:like!y: to exceed ; that;.of::last'.year,:and«!ashiou:for"the time be- - ; w^,is ;against ; theni. , Jlßjfiuo wool ; :has practic-^ an, - crossbreds,'; /.Qt ■leastfj•.iu' t fthe,t:raw, : state', jiro : : ■•45S U? A; ; !l0 - ■i^vW,^ntfrtUris:"iiiiptb^. ' :; m;: ;thet.industry;:; : lio^ ;'hi.vVr^SL C TV^'^ '•' ; t W\ an !!,;r^ ,lSl fronir;thei;makors '' l uc i' A V jll ;' de UJioii.thevsuVji .. froit(.abroad later vdnVVi'Thp l ; f.„°V; ,>0 i n! 1 m efossbreds is ?• wlli , cll they., now^^stand:' < : rev "'°'tt« jdeinand ;would,' kink °° co , itself; in enhancing ■ 1 S" 1, ks ln; ?^ S : h ? nds;ar6 -'light, and,' : ••' i:i 'dtaf'to g si^ ?ep<! f' pri f cs ' w as largely ~d ue to.- shortness. of - supplies,; there is, rieverflii - ,:less ;a;much ; -mi3re-c o iniajnt:feeW IS, *0; a : '' Ivool statistiqs/3 ,JJi e fol'o"'- 11 ? is a inoii 3 'V ; v . X -1908, ' to. ; Ji'ttuarVi ' Period of P tK ! i >?lrC ' ; -' nt: ' l " le • «»rrcspondiiig. ; ";'rC^nd^ l wdSi' 6eas^ '

.' „.£?? fke jii'sf seveii months of the current -. wool year .there :s, an'increase of .198.278 bates ; : which is very, satisfactory. ' UNITED STATES WOOL CLIP, . , ust now, especially in view of the fact that ;*• revision; oMie. United.States tariff as apoly- . ir.i; to. wool 15 in.;coritemplation',- figures show-' . tho position of tha ivool clip of that country are of special intore'st The . annual wool re:Tiew/of National Association of; Wool - Manufacturers, places' the nurabor of sheep/ fit ■- f ? r ',^ < ; an ? l S;i« the United States.at the, end . : ;.Of ;190ij at '40,311,548,'.'-an increase of 1,47GG17 over 1907, when . : the< totiil -stood s at 33,5G1,9.11. ....-■ ■ J-lus.- increase is made *up • chiefly of.iiddition's ;. to. !he estimated number, in 'Nmr Mexico,and-' Arizona, where increases of "400,00()>aii(l- 150,000* i r'espeotively.-: h avo' (seen-' 111 ade. In 1908 tho Konl fdio amounted to 311,133,3211b., valued af

- J812,300,000.!ii.1n'■•1907 ; > -'-the'. .clip; amounted. ! . to 7501b., valued at .£15,000,000, and in 1908 it was 2y8,915,13U"b., valued at This table';gives,-, production, win ' pounds, :back sto 1897:^/-V

' TEI-1 WOOLLEN INDUSTRY., - . The. ovidehoo -given ' before tho- 1 Ways - and" ■Aleans Committee 'of; the, United. States: Senate;, by-Mr. W. A.'.'G.: Clark, a delegate appointed, by., the. ' Department; of Commerce 'and Labour,' to investigate th'o '/.woollen: I ,industry .ofGreat' Britain,', is- of" interest" to us : . as ..our manufacturers in spito' of a of...protection. have' -'to ; face/ r tlie( tepinpetition of.. BvitisUv wannf ac-; turersli j,'The; witness I ,summarised;'the , advantages'. Wider:, which British 'woollen vmanufac-; :turns work. These are:—(a) Cheaper first cost;-. , (b) cheaper itfoney ;;(c) cheaper wool! (d) cheaper (labour ;';(o)Uheapcr.rpcjwer; and, (f) cheaper sup-, AMr. ''Clark, having- ppinte*d ¥ .o«t. tliat/; 'roughly,.:machinery ;aiid posts of building arc; ■ a (fuarfccr highe'r iu t]io States than in England, 7 lidded-.'that, ;iii. obtaining; the;,money 'to .start; tho British v manufacturers have : ;aj • : di^rt%^fiiii<Sj^^At?ttosl; - -the''Bfealier -Engf lish millowners. canrget what -they ivant at .4} ; per. cent.; . cannot, obtain capital, uhder- 6 . per 'cent. • Tho big in; : both countries may obtain money at I.percent., : : but tile- probabilities; are' thjit tho Englishman" ,syould.he.accomiilodate'd at.3 per cent, or less.' .'t'hb.^finglishinan'a: 1 .. 'main advantage, however,' to. Mr. Clark, is in the maitar of -.raw ! -materiai«/*.'trill*;pdy',"/ : he.-:said,- in • the tc'oiirse 6f ' liis'eyidcnceV 'SO; to. .BO cehts :a pound ' for wool; . whoro; they .(i.e., English' mauufai;turers)v"will.' pay. 25 to .bO cents.' .1 state, a's' a' fact," ho added; "that high-priced cloths 'are diie'.-more toy high; wool "than to high wages. ;Wp , 6i':niakesiip' ! Co ; per: cent, of . the cost.,of the goods, as against.2o;to' £5- per cent."for wages."' •Jt ■ is; therefore/; clear -- that- any difference-, in thoXcost'.'hfTriiw matei'ial has.a greater propor-; -t'iorfiitb". effect,' upon' the cost, of ;the. fihiahed; ar T : tide tlian.a ,similar, differeneo in wages. As! to the committee,'- -'a. 50 per cent; 1 decrea.so, in wool" would,' make cloth '30 .per cent.; cheaper.' while ;a;so'per,!cent.idecreaso in-wages woiild only make the cloth'l2J per cent, cheaper," and emphasised _ his point , by instancing the.'fact that, whilo in 1907 in London .fiuo:greasy."4'iistralian I 'crossbred : wool averaged' SO! cents*', per lb.',- similrir wool. cok;Gßi cents per; lb.; in; -Boston during- the;' same period. ■ " ■ ■' ' ; - ;'' ■■. ..v 'v ■ The Castoms'-revenue collected .at.,Wollingtp'i. ?d. r ' . . ■ 'S'!V 'ij j;;;; Messrs. 'Abraham;and Williams, Ltd., report on theii; Johnsonville sale as followsA ; full; entry;of :prime . bullocks and sheep ■ was'- iwell; up to tequireihents. ; Beef made 21s. per hundred lb.; best bullocks, mado i£B ss. to .12s. Od.; lighter, i67'l7s. Gd.. to' 0E8; cows, and heifers, •■6s;' extra ■ heavy. ewes, 13s. 2d.; heavy ewes, 12s.' 6d. j light,;lis.'; •;wothers).-lis.'; lambs,>!'los. Od.-to lis. 3d.. : : Messrs. Dalgety and Company nur; -Marton sale yestorday./thero-.was. a fair.<;eiitry of sheep. ; . \V6; quote : .;.li l drwarcl. ewes, 7s. V Od.; forward ewes; ''9s, .'to. ?s.V7(T.' forward ; ' wethers, 10s:" 9d.;' fat i and ! .forward / wethers,* Vim : ,oa^.v; ; .;.; -- X : ''ii>;;SIIOW STOCK SALES/ - ' • j .-'Regardihg > their; Masterton: Show;, stock . sale, 1 Messrs: Abraham-iiid V/illiams,. Ltd;;,'report , as ( foU^ws:—We' bft'ered ; and 'sold,'; o'n account'of Tarious clients, 350 ;fat sheep and'GO fat cattlo. bidding .'was vlceeh//and prices; realised were sold as'fol-. lo'ivs,f-^hV ,! accoimtv.'.bf ;Mr. ,W.'E;-. C. Tyleej; Ewes, 17s'A;8d.;)to:20s". 1 ;6di'i- wethers,; Us. ,'to 18s. ;Gd. , On account,6£ -Mr: J.:M.'James:-.Ewes, 17s. 6d. ■ to' wethers..ilßs;.' Cd. to ..205.'..;,0n' ac-: count of Mr..Robert 19s;' to 215.; wethers, 21s. On.occount'of'Hr;'Jolui. Strang: Ewes, 165.; to ' 21s;; lambs, 18s. ;. wethers,- 17s. - to 21s. :, „On' account of Mr; 8.-Matsou'- ' WetKei-s, 21s.V Qn';ac,count of Messrs. J. and H. 'ilolmes: to 20's.- od.; wethers, ■183., ;'; On account.oft.Mr;-James M'Gregor: Ewes,;lßs.;6d.'' to 225.-; lambs; ;-18s. On' account of Messrs': W. and;'lL, Beetham: . Ewes,'- 17s. 6d. to 18s;";.' nvpthers,, 18s. : ; to,-18s. Od. ; lambs, 18s. :Gd. - On ■jjdc'ouq't'.'of Slr.'. P.'sG., Moore:-Bullocks, i6B 10s. "to. ifiip;ips." : ; cows, i£6';lss.'to «£7 10s.;,heifers, JS6 15s. .to i7'';lo3".v, 1 .. On. account of.'Mr. W., Mace: Bullock,' ' On account of Mr. •' James • Jt'Gregor * 'Cows,; .£8 ilos. 011 account. of Mr. ,K. Riudiford: Cows,V'.£B. On' account of, Mr. j. ,C: - M'Killop: Heifers,' JC4 bullock, : £.115s. - Oiv /account of Messrs. W. and H;. Beotliam • : Bulto JSIO 155.; cows; '£7: S?."• to%dES;• heifer's,;-*£ 7' 10s. to XS 15s. On account;of;\Mr. C/ I ':®i' , /;V'allance.:' Cows, £B.' On account'.'; of iE4..; • ■' ;.- ;Dalgety' ; and\Co.,:Ltd.,- report:—At Wanganui, 011 Februaty-'lOi' .we .yardccl; 3400 shcop; mostly' wethers. No cattlo";cahie,forward.-; There, was a fair demand,' and wo .'sold all . but • two' pehs;.' aAt. Wttverley, on' Tebriiary. ,12, ;,')ve.„]iad: a . small yarding of 1100 sheep and 50 cattlei Mveral entries not.'.comlng forward; on', weather. Th'e,rp;iyas a good attendance,'.but = quiet competition;!Wo: made a good' clearance.': Quotations.—WinganuiV i and .6 ; tooth wethers,: 10s. 10d., lis. to . lis. . .Gd.';;4'arid 5-year owes (good lino), 9s. 10d.; mixed culls, 55.: to. Bs. Oil.; small. woolly lambs, Gs.; cull lambs, ss. 2d.; weanfer pigs, 10s. to; 12s. Od. Waverley: 2 and 4-tooth lvethers, 10s.-Gd. to lis.; 4-tooth ewes, lis. Gd.; ewes and lambs (all counted); 55.-Gd.; small,shorn:ldmbs, 4s. : 7d'.j cull lamhs,, 2s--2d.; 2J to -3-year steers, 'jC3:6s. Gd. ; 2-year sleers, ,£3 2s. 6(1.; 18-months steers, .£2 Bs. A ''quantity- of'"oats;.-.chaff,' etc., sold .well.; " .Dalgety ;'hnd. Co., 'Ltd., . reporting ,-orT; their .'fortuightly, sale, held at Woodville.-,on: Mon- ■ daystate; that, there ~waa a .sood jaiiliniof '1

sheep, which were submitted'to a fair 'attendance of .buyers, all lines changing hands. Forward woolly lambs sold, at Bs. .lid. to Bs. Id.; shorn, 7s; 3d. to 7s. 6d.;..5ma1l two-tooths, Bs. j dull, lambs, 4s. Id.'; empty heifers, 505.; aged cows, 85s. Y Our Pahiatua correspondent reports that Messrs. Abraham and Williams and Dnlgety and Co.'held their regular stoas sale there yesterday.- There was a good -attendance,'■ and a fair yarding 1 of all lines, buf prices, declined all round, the. most 1 inartsa - decrease, being evidenced in cattle. Quotation*;—Sheep-. 'Fullmouthed ewes, ss. Id. to Bs. ®d.; wethers; 2tooth, 10s. lid.; 2-tooth,ewes, 13s. lid.; 4, 6, and full-mouthod ewes,- good, Sfls. to 10s. 4d.; lambs, good , conditioned, Bs. ; 10(1. to 10s. 3d.; others, 5s to 7s. 9d.; culls, 2s. 4d. to 4s. Id.;. Linoolh.rams, 3 guineas to 3J guineas. Cattle:' A very small yarding. Steers, 575. Gd. to 605.; heifers, ' fair yarding, empty, 345.; fat, 455. to 555.; 2J-year hoifors,' 355.; cows, 325. Gd. to ■Gss.; calves,. 75.; bulls, 50s. to 51s. " v 1 ' V ■'. LAND SALE. :Mr. W. Cowern, Hawera, reports:— I The salo of sections at Mamltahi,, in the. estate of. the late H.'-S. Peacocks, was; held on" Saturday, last, and lesulted as follows:—' .Lot I.—Area 52a. 2r.. 19p., price ;E3G,. purchaser Mr. R. B. Hamilton.' . ■ ■>' Lot 2.—63a.'-2r., .£32 10s., A. Muggeridge... ■'■.Lot 3.—90 a., £29,, A. Muggeridge. ' Lot 4.-154 a. 2r. 38p., ■£21,--J. F.' Williamson. Considering that the buyers are all residents of the district, who, know the land well arid are practical farmers, tho priccs realised aro reckoned to. be a fair indication of. current values. • V . • -,i . Immediately after the' sale two sections b®: longing:'' to Mrs. : Peacock, also at Maiiutahi. were ; submitted. They comprised 21.acres, and at =G2S fell to the bid .of. Air*. A.: Muggeridge.- ' . A section of about six acres, on the main road near Manutahi, brought ,£36 per acre, Mr. K. W. Foreman being tho purchaser. A quar-ter-acre 1 ; section' in Kakaramea' township realised .£lO. .... • , ... ' \ THE MONET MARKET./ v The statement published yesterday., to the effect, that .the building societies intend to raise the rate of interest oil .'deposits to 5 per • cent, proves to be incorrect. , Tho rate will remain at, 4J per'cent. . • • , / Git.UN* A.ND PRODUCE, r CUV TELECItAPU—rRESS ASSOCIATION.) '-. Christchurch, February 1G; Since the prico .of wheati.has :fallen,: there is not .so. much eagerness to sell.' Soino of tho grair;, lately purchased' is found, to .bo in soft condition 1 , and buyers are, therefore* ordering farmers to allow-it to remain in; th'o paddocks for a week or two, :as. it '. will' liavo'. a'" bettor . ohauoo to. mature.there.than if stacked in store. Sales , have taken place of late in' good condition as follow:—3000 bushels '. o'f' pearl for immediate" use,. 3s. 9d., at a...country..station; 13C0 busheis and,Soo bushels of..t'uscan'at Bs.--.7d;': 800' bushels of hungers, at 3s. G!d.; and. 1500 bushels of tuscan at 3s. Gd.; all' at country stations. ' ; : ■ Offering of oats are still small. Amongst the sales .this week .were 900 bushels of Canadians at Is." 4(1.,-1300 "bushels of .garton's at Is. 3d., 1000 bushels .of, Danish at Is. 2(1., ;and ,duns at Is. 2.1(1. and Is.' Sd., at countrv stations. . -Barley,' more- or less discoloured,.has changed' bands at 3s. per bushel nt countrv stations. ••' , A few. sales of chaff aro taking place:', at, <£2 Bs. and : ss. for'forward delivery, ': A _litfclo business, 'has been 'done in early potatoes at ,£3, • but lower rates'are (Quoted a"t Oainaru. ~ ' ' ' WOOL-SALE. .: (DI . TKLKCIXAriX—-I'RKSR•'' A SSOP* ATIOK.I ' i Auckland, February IG. .Oyer 1/00 bales were offered at the third and anal wool'sale of the season to-day. Contrary to - there :was 'good competition, local buyers bidding.'freely and taking a- fair share of, the offerings. 'Medium crossbred ranged from . 6(1. to 71(1.; halfbred and -fine, /srossbrcd,-: up to - BJd.,'. which, was top prico f coarsa .crossbred, sid- to C!(i.i lambs, Sid to ~ (seedy, lambs not;; wanted); stained 'and: r it i Wo ;°Js>, to : 5U1.; bellies and pieces, 3di. to -«(1., Better competition thari 'at'-th'o -Jami--arj-' sales was noticeable for stained ,'and -bush wool,, prices being-from -Jd.' to. Id. better. Bellies and pieces also wero rather-better. Higher grade -.wool: was about tlie same, value as in January. r.; . STOCK EXCn VNGE (bt-*ii:r.Ec!.Aru—l'itpss .\t;\iopmT/ov ]' T "i,'-' ' i Dunedip, February: IG. ' s, ■'? x . c ' l^ n KC sales.—Riso' and Siuno, ,C 1 lis. ; ailli: Grand Junction, £1 Cs. 3d. '

§S r.iabi- ~1 ;-:■ I KICKS. yiol • : roxrpANT Capital Fund ana S'c '• '■ - ' ■•• » lo • . ••• •, .; I'oxlUp. ?* Share. Pi .".«' ...'. ...Last Investor v • *<>""""• e. .■■ , fi licycr. feller. ■- - \ ■ ■ /;;/ ; ' Vis v - . ''•••"I?/ '* '■'£' £ -S/G.-d.' £;E. d. £ B. C. - B. fl. • .'Jew Zealand „. .... w j.000.000 £04.007' s j 3} . J0 8U 0 812 0 8 11 6 3 17 0 National ... „ „ _ _ « 10 : 12 5 1 6 .f ) t 6 3 0 6 16 b - : .■" '-•-v '■'■ ■■■■■ - : . . w • 5-"tJ°S a '; "i w ' ."' « *- JCO.OOO £™<®° ; 15 15 1 7 6 1 8 0 1 8 0 5 7 1 » : tCO.OOU- - 2 J, 1U I SIC 0 3 17 3 ; ■: ,.? u h? 1'ntish - _ . _. V : ■ • il a 2 7 ;ii iio o SrK'-i: 7S'T ar . ; ' t. ', .] 0l; 10 l-'2'0 1 ii 0 1.2' ti "'613 1 v: ; • V : T ;-.- ,., : --V'. • f(flnUabW:Bujiilinc •;' *-w; ,67,HQ v • r> io 30 5 0 1,WotroDolitan -.Building/" 'wjcoo >' b^a in nil 7 ••'/•'■ ". ;: '.•• 12 o 0 .5 36 8. -V: .';•■■ Wellintrton ->.;. •'••":• '•»». •'■ ».. . mum .6160 r c . fl- . ii nil 0 0 11 3 fll'8 fi 7.5 'Wellington Trustjand-Loan*:. •'aS. - 45.116' £ b;:/ I 031 0 7 I 0 '750 5. 8 10 •V National, 'Mortgnso. -.. .UV ' uoijm ; . IfcVwti' ; , / b ? 111 .oir n 2iQ- 0 " ~ : - Ul "-l" 0 113 6 115 6 . . Loan oiid Mercantile .ato.*yj;. . - Xy . 0 2 0 C il fc ;• • ;• • -vy cKwohMSi ' w " ™ 'VcS.003* A 6 "iEi'l" 17. HOD 14 7 o : SE.T "• ••; - ••• ••'101,000 7i,-fcl. - 6 • 1.U lu 'U?6b0Mi6- " ~ 1-AlMJ ■"■>/ ,1 ... l 0.0 100 10 0 . .,/r ; ; ,C ,1. ' 1 0 0 Bia 6 ... •' •• lapicrT. UU ?.™''~ h" '".-J W 610 0 810.0 ;V \' ' PaJmenabn Sorth ii'-■•.'■„ , m » ' \ 'Sinn ' '' ivelliacton ... ... - ... S7.7C0, «•«" i,, ! lu ... .710 0 M «. ■— ... : ... , -1JQ QOd 4i.ji.Li .u , 10. 16160 . •' ., .. " /• >. ,. a ,,,,,-44-. JU n .$. 0 12 0 0 ■, . , ; : ' v v ::^ >SSn ":- w w -• '163.727 - in ;e : i a 0 0 \ :' 'i-.i Bear 1 ' ' ' ™f>- .,'-~lfc5/JiJ0. S.'W??!'- .:'b ]0 .'0,0 1012 t> •: '. ' '■» ' \i vi. ''■ ,'Ji6.iaf. ; i. . Ul' lii -2 JU 0 2 10 0 6 0 0 IVollinrtM'Mcat'ExSrt'ii ?--K- si'J !••'«;• • : . .-'Hp ')=S vJtfX"i('.0 1( ! ® 9 lo'o.o .6 0.0: • H " '• • " •«' V-105,76s V -t : ;• 1 - i—. vfe .5" n 0 . 4 17 6 611: 3; ; : : ;v.:. -■ Z> Mia . La 3 0 6 >} g 3 °' e 6]3!0 XllTo.coo' ;i'.'u-i ui 0 ok 0 • -- JJnionbicam^;^Vv---:i.tc .V.Pil, .. 0 15-,;o • ' ,i ' - • • \»stiu bteain^^'Porry^... r; ii0.wa) : ; 1. • ta . -115-0 3156 5:7 0 "■; . V. ; ,1 Lii' ,.0 .V ''■' ii -iv5:>. : '>■ : ' '/ .rau^iri^' 1 ". w w '■ ££0.000 , ji j! I2j 6 0 C ' 6 7 0 ', :V- v--.: ; .~a-. bo.tw J. _ t.t-0 . i Ul ' 7l 017 U ,■-•■ , -,. . ■v.,i;?;V;;^.WODLLEN,;" f -i . .i'"';;:.' .A ; •• i-' '' :'ia!.cw. «0'"bu; : 7: q ; -',v=,' -o 5 ':/i' ; a> ■ " <-.'tdil57'. 1 . '...bi 'Is ' 5 '...-' -." .217 0.,..;-. :. • . h •rtv ' > o 'an - o ; 320 ; 3 1 6 ■' 7 is-1 -UISCELLAHE0U3. " J: r ;..v; :K I. . yiouachy.Pnpb „ . • , E3.500 161 1 t n 6 .0196 Lcylana : nrid O'Brica . " '/iO.CC'J r - i: ' ,.ji j.j j a g i .3 .0 12 9 ,6 11 10 . • WaunceTjIio Iimo. ... .Z 7.1*>J *>'■> : i . ui 1. 6 ..'. .1 .0 o ■'■■■ ;.' . - ;: ,-5^~ lO.lliUv {.LVg/ v v .;u- t - 10 10 ; 0. : - ' C • ; -5 'VP*- V- f .PV.8;.."6 : • 2;U) 3 -a'9 0 .514 : 5.;. • 1 a" " • 60X00 : i,W« 1 , lui , .112 :0 111 0 113 0 /. wouniDR ijimd Oo. - •'••.''•■. . ,. it,ouj * w . '-"4* v'. y 30 i o o ' •' . •. ' Wffth rf LUOO;: ,J : ;. 10' ' ': 11 ' 0 O O 5 0 0 6 o o; x£°uae. «; v : "r _ v li.tbO ,- .*^ > r -6 rij' r>i •*. 712 6 ' Vnifr m'x? 1 J 0 .? r ~ — it'.'.tl . .. V .1 " nii : : ..V 0 2 0 0 2 0 0 2 . 6 ■'. ■ haril.?S.. 1.M : 3 — - ' ,46.1SP ; . EC.15S . ii 10 4 3.1 < 10 fi .■' -,■■■-. ., Uar'aut^Ltd.., - )-■ ... - .„ t?-. 68.013. '11.721., ,1 ■■ . nil 7-5 01!) 0 ' ' -: . .

; :1903-P. '1807-8.,. .1900-7. ' '' tT- t- oljales/ - s&^^esifgsgigglSi ■■■ West-:.AiistraMa: 3000!' ... 2'asmaiua ... • • ., 13$5 ...New Zealand '.-. .; '•'' ' ' •'. .' . : 1.558,258 1,-100,COB. 1,470,920

U.S. WOOL CLIP IN POUNDS. 190S ■, i902 316,341,032 1907. .'...'..v.-. 288,29»,750 : ■ :1901'r...;..:. 302,502,382 ,1906 258,715,130 ; : 1SC0 SSS.6H0.G21 1905'295i4S3,433 .1899 272,191,330' 291;783,000 ; ].r .•' 1898 .-/.V.'.".*;-.: 1 266,720,084! 1903 2S7,450,000. :.': 1897 ..'..V....;259,153,251