COMMERCIAL.

Dominion, Volume 2, Issue 435, 18 February 1909, Page 8

COMMERCIAL.

•THE SHUJE MARKET. .v 'A sale sharcs.at waß ',' #11 tho business recorded yesterday: Tho quotatiuns exhibited .very few buying orderd. Bank ;- of New Zealand shares were wanted at i£B lis.;. v-.-.K.4. Jfofaonal i Banks, 6d.-, . sellers X 5 •-. > »•; Equitable Building, sellers'<£lo Ss.; Welling- ' n? n Invcshnent, sellers Its 3d ; Wellington - -.-.--I r Pst;and);Loan, sellers £1 6s:; -Nattonal.-Mort- . - -, - -. sellers 195.; Loan and .Mercantile, ... • ' so'lors 85..-6 d.; Chnstchuroh Ga?, - sellers £0 15 ; Feildmg Gras, buyers XI, National Insur- - anco, '6el]ers ill Bs.; Ne-iV-. -Zealand'-lnsurance,-sellers: ■i! 3 155.; Chnstchuroh Meat, sellers jCIO 12s. 6a., Gear Meat (J!l paid)r buyers. £2.105.; 12s. 6d. paid), sellers JC3-Is. k ; ....\.: od.i- Wellington Woollen (ordinary), sellors i! 3 i " ' Woetport Coal, buyers £S 3s, sellers .£6 ( 6s , WestportStoclton Coal, sellers 9s 3d., Ley- •'■: ":j: j Jand O'Brien Timber,, sollors 3d. i-'New ■ . Zealand Portland ;Cement, ; buyers '£l>' l 2 '6d-,■ .sellers il 38s. 6d.; Taranaki Petroleum; Eellera 7s. 6d. ( n TEE MINING MARKET. ■ A sale m of Waihi/.atf £8 wasareported, l and 4' WW of Talisman at £2 7s 3d was made on Change. Tlio quotations- wore-as -under;— ;'V "' . " '-Buyers.. . Sellers. . Sales. Ttrv ' n ,-£sd iied. £sd Waihi Oranl . , " ; Junctiop... 1 (Jo _i" , _ i ,' 819 0 0 0 6 0 0 0 t Talisman . 270 270 273 < i an S' aro , - 00 7' - River ( i 117 6 2 riRE INSURANCE 1 ; ;.. a nnual conference, of Fire Underwriters : v -Win do. opened this^mornnig,iaTid, besides tho usual routino busmes 1 ', it is anticipated in botoo tliat ronew of the- premium Tatoa com© up for consideration. Tho.fire losses have been verv heavy during tho past {out OT . J® years, </uuT ;ery made "'■:r •: . profit on their business ■ • WELLINGTON WOOL SALES v Woo ' 0; .tho season mll.lbo heldin the Concert Chamber of tho Town Hall en I'Tidaj,{beginning at 4p ra Tho quantities to be Offered by the several brokers and the vorder.of selling, are;as-undor- .; Murray, Roberts and Co *2000 Abraham and Williams .... '-MOD' W.Z. Loan and Mercwitilo "" ... r -2000 Balgety ted Co 3 United Tanners' Co-op ™ Levin and Co. -■ ... (tl - ~, ' \ f r_^"' r 13,050" , IMPORT ' -ft-t- report;: - m pMchas6s ' as th^ Arrowrqot—Doherty'6 iVand,Vs?,3id. to 4d ;.;.per Blue-RecUt^,"-big §JdJ, ,square. 7id'.i; JCoipire M ' nS ' SqUar9 bag * 7^d: Em " ' „ t £t n . dles_The Zealand Candle Company's • Qiotations, -,issued-:December.• 19, I 'are -—Premier steanno and five medal 5Jd ; British S w SP M ra ',. UDlTersal Sxcelsior Parafl ru' v ! P ? U ,° spo ,™ and Venus paraffmo, CJd-. \ enus coloured Anted, 63d ; piano bedroom, and Carriage sorts, packed m cardboard te 7 t W ! tos tho usual trade discounts B?rmti6ot O CJd Vena ' \ mh 0 ."™," W «! L "B- and"p" bo 6id., Johnsons, 2\d , Brown's, 3d., Chicago, Canned fruits aro meetmff with a *»«• 3s 6d per doz Sultinis A selected did ,' choice 4d, golden to sld pe'r'lb, lib Cartons 4? p l r z f n ? atcs > bulk 2}d per, lb , Carl <- o° ns ' r ? t 611 r doz< a- Figs, 12oz glove boxes, per. .dozen; , lllb.layers. ■ : 51b ' per , lb ' Seeded raisms, fairey r e w' ' ollo ',° o ,' ls - M per dozen Mu~M i, i Tf 1 5 s 1)0X03 6,1 , 10's sid, 2Cs 4Jd per lb ; Mulaga, si's at IDd. per lb Oinger preserved is still meeting with a good . 1 ;-p"? .. f lll 8 ,?id. .'to^Sd. i" 31 ?) 1 j ar ( d M Fa ' r , sa '« Colman's, DSP, i's iL -n i - ' s ' ls to Is 4d,. Dur- • ■ ham,-nb.- tins, 7d: to 7HLV '-,V: '-; :- ' *Alatches~-Plaids; 35.-; Hd.': 16f.3'5":.3d; f gross • ' 9s * * v.to. ( 35.: 3d; ; 'Bryant " and . 5ma11,.45..6d., large 7s. 6d. : 'is; .;'- M.^;^S\yiss^ilkmaid,;63';'..6d.''; to- Gsi-'liajpe'r J- .-. Period Meats'.—Steep toheues, 10s. 6d. to lls, for ls, ox tongues, 2i's 31s to 345, .I.'sj3te to X? P«r dozen, Gears assorted, potted, 4s 6d , ot George 8, 5s * 1 f ' x Peel—Lemon, 7's, 5d per lb , orange, 51d., citron, ls Pickles—Morton's'hexagon, 10s.';fid , round 1 J, i, ?S- r a ° z en, Captain White's 23s 6d , bartons HP., i-pints 10s 6d, pints 18s 6d.; pure pickles, 9s 6d _ ' Rice No, 1 16s, No. '2, 15s. per owt f "-The r 'forecast,..'of. Wirit^r.'rice^cropj s S.J'-S??? i'"representsi '-abotit ''28 '~:P« r cent.--of;the total'crop of India, estimates • -V''•'' inw n S' -. 60Wn ' .ss .17,935,600. '.-.acres,' against -./.--v. .it. Jp,836,300 ...acres in..,the.- previous"- year and a :. ; .-.normal area 6£-20,831,800,„acre5;..-and..the- out-; -?wt.?:ag&inst*,llsiß6o,2oo cwt; loi 1897 The current outturn is estimated at ' '2 per cent of a normal crop. - '- r „ st arch;-:C6lman , s, ; llb. :bbxes, "51d.' to 53d„ ; Sib. p«-!ckete,.M.-to SJd ;. Now,,.Zealand;.-lib. :-i; to-,»5.-.,per. cwi.,.. 51b.jackets,'37s.'" to -'iiV;;3i;Sßsfcp«r''cwt..^ Tapioca—Seed, lis Od ; pearl, 15a. 'cd 'per l cnt r ' Sugar—l 4 and No. 1 s(fs, 15s /No 2, .£l6 5s , No 3, >£15 as. .per ton.. There is a s-«H:y/i;Ddief/,; ; th^£OTKar;vwill:Vadyah6^v'•'ipr'C.; ■ ~•. - Champion, - quarts, . c 9s; .6d.';..li ? d i Seal;. ;quarta;,: . 4s ~.Midland, .'.concentrated, 1 Boz.. bottles,- 10s SS?fW;; ; , 6<i - v 'P« ■ I dozed';- cdncentrated,'' sgal:'casksi-'S.' 6d . malt,v2Bgal; .caa4; 25.. Per gallon. , 1, * ' ti™ i —Qwirn'of tn-tar, 95 por cUt, 9d ! to 9Jd , 99 per cent 9Jd to lOd j tartaric add, sody 1 a „,„ 0 , , £o "'l' '10s ; calcium-• carbide, ils to n?' ' ~ > whitmg, ill 15s ~. Tea.-Calcutt.-i news is' to the effect that an ti advance ; m that ..market: iti looked' for. t -The v expor H^rom; .Ceylmi'; Just ''year;--t^'all ... ports amounted ..to:' 152,000;0001b'.,.'8r 250,0001b moi'e than::iil-'I9Q/. ; r rho -figures for Austrilin. PSsi^fft^W^ivagainstV® ' ,;,7:bnt, if 'allolvallcCe be made- for"'the ■' loss 'nf -• : r;; : . : i,ooooooi b ;jn o '« 'n/.-i'vi^n o^1 1 ® - :l ? i "''?0,0001b.v than' for-1907 1 that th? market thero.~is, .firm. V .-Tile shortage - in'-- tho , be. mada - to : . moGt'.tlio: old-age' pen'•J'rtS l 9?^ u - ■ - r

TRADE IN ALLEN STREET. :v : supplies-continuo to come and prices are exceedingly low. CabMd eauliilowertf as-per ,-- lease, and -'French, beans; ; 6d;ito;ls.' per half i- n !i on? aro wprice'-but this has not l e ' : .-probably, because other; are and cheap.: Potatoes-;-Ll havevcomß: forward,-during 4lin -:. ~-J,: eekv ' """Mbe, Market; has advanced, but this improvement; is not-, expected" foVcohtinuo as' v SpSl^lsfaiii 6 - MW bei ! t ?, : J ,ic ?j7 ed -; fromi.'the ore.reaohlnr this' '£;:P n -FM.'■s'MotUeka. almost.-daily, arid; there i?:- S"W®- nojchanco,foif;valucs, to hardenl'-'-'-Tho 1 , '. ' v ;-'- itreif ully equal to the!demand.' Graces' • \ now coming forward freely from Sydney. ''IS'' i' { !^-^»'-^i? r f:-™ n king; > 4d. : £td':6i l '.p'Br:' •: > aIU sections of •••"A'hril' . -rats.from Teviot only are now available, an I , .• . the ; consignment «• selling • well. 3r0«;,,»' . •;-• , - lemonsMironnse to bo •• lower in value in the ' •- P ei % (utur e. M heavy .shipments are', now,'conj- .-.' . ,' ,n » , fro ® Australia, while heavy direct ship.'.meats from; Messina aro also being received ; island. oranges'—Transhipments from" ■ AncV made ?s to )2s. per 9in. case. Bananas-' "t'.urthcr supplies aro due; nejrt.-. week from "P'ii ?. "= ; . the Island trade, • fulUsupplies - should' al-•:.Vv-;v•••"•, '.vays ,be available to • • ;, / Feed Grains—Maus is.in .light siipply. aud .. .- .. » raakm^-M.-to'ss; 2d. per hushel. B ftr lov-' .. ..is m light... supply .also, but,mowing to the . cheapness iilr^ei?bfiTausS;'ißlM' -. . Peas.—Partridge and Prussian blue. Trty little i::v-'; coming' -forward,' ana business: is restricted' '.• . 'Oats.are bbihg freely offered for sale, and eop J-.;r * 'lers"-;quotations art; tomptijij. Afoi'chantti and :'. ' . others are-not: operating freely, : from. , which it f;;.!-:.;:'-;'&.'mdy.:l)e.: inferred. thatJoirer pni^-Morexpected' to : rule - -when, the ■ crop'.'is : fully' . harvested . Fowl wheat has declined: m /value/-and 'this' haa stimulated the demand t , Forage—Oaten sheaf chaff is reaching tho mfcfet.ia.'iatepl?-.WpplieS 'from"fl»*Wfiiraiiapai'' i-'■ • „ and somo- of; the consignments' 'are .reported ■to . ' .: be excellent. Hay; is'ui poor demanU: : 'llaled straw from: the .Wiurarapa.- is in full supply. : Dairy Produce —Buttor, in bulk, is m firm de • . ' ciand at Bd.'-per lb.'; cheese is making Cd. to

PJ'j- for medium grades, the Wairarapa brands ~Mihg; m°st~in'favour; "Fresh eggs'supplies are light, and prices have advanced, tho best known brands malcing Is, Gd. per dozen. Lard—Owing to the cheapness of. nutter the .demand for' lard is 'restricted.::; Ham's ..and> bacon 'are 'sell-; ing well at .late >rate.'V-\V' : 'vf -i r Apiary: .in GOlb: '.tins is 'dull of sale at 4d. per ib.; beeswax; is making Is. 4d; to Is. sd. per lb. ' . ■ ■ Ponltry.—Chickens are; in demand at. 3s. to ■45.:,.a ;.pair;, ,ihens; .i'poor.. inquiry;, at .2sc 6d, to 3s. Bucks are . worth, 4s. to ss.'geese, aro neglected,., and • consignments '..'should not be Jsentuto'thii; market ,just now.-V;',Turkeys—Gob;-; ; jbleraj;. 16s. ;' heM,'-'Bs.i to .93.- a .pair,'. i > Breadstuffs.—Oatmeal '{arid -rolled'.: oats,. ar£ Nmeetifag' with;./a ' better - demand,, the cooler weather inducing increased consumption. * Oat-, shipments continue to come forward from' Australia. Tho' Sydney, quotation ;has-;advahced 10s. per: ton." Nw; &aland flour, : j!li' ss. ,6d.' per ton. ' It very probable', that lo\vi;r: prices;wiU be accepted' |.6'r';MeViZealajidrfloiir;. l for; it. is .aisei-ted'.'ihat' tberoxwill be many ■. secessions from..the:' Hour,' Millera', Association,: and the- competition that iabonnd' torresult- will cause a-big . break in prices:.. ; Bran, IGO'b, £5; 155.; pollard, 200's/, £1 10s.

•v; >V'FRTjrr s AND PRODUCE report,

. Mes^/.'.Griffiths and. Co.- report fruit and; ■produce: quotations ruling" yesterday:: as: fol- . best-,- . up-to-date, ■largo;,'and .' v '6S.' .6d. ; i potatoes, 'faulty and blighted; .'3s;V 4s. ; oiiiofis, in oentaibags, . ss. 6d,j' fis.;' garlick,' in cental bags. '3d;; 'per lb;; •'ca'rrot3; :in full sacks,":,;3s. .' sack;par--itoipsj' in-'fulli.sacks, 25.;;9d., ,3s:. 6d. f ; lottude, in; ''Krihdna'cabesj'fe.'J Odiv -35.; celery, in one-dozen ibundlM;|6dl, ; to;9d.';:beetroot, .in full- sacks,.'3s: to" ; cabbages, in full sacks, Is.; (o Is. 6d.; cabbages, extra good, 25.; cauliflower; "in : full-: sacks, fair. samples, Is. .'to 15.:.: 6d<; vegetable marrows,, in fuli 6acks, -l 6;' to. Is:' '6d. ; p"un-ip7 kins,- in sacks, 2s. to '2s. Jid.; 'herbs, in .sugaij. bags, 45.,_45:'.6d;; swedea; in;6wt. bag's, ,Is. 6d., -2s. J .French,beans,; 401b. .sacks/ 6d: to ls.; broad; '"beans;-.; 401b( sacks;'i2s.' 'i 6d._ ,'to. SsT;, green ; ;Mb.v;;saoK,' Gd.,, s>: Gd.; .cucumbers, . iit; cases',v&. ? ,to4s". Gd.;;'cucumbers, 1 in' naif-; 'oases;'ls. 3d.tp lsV9d;'."Fniit—Apricots, -Teviot, ihi full-Mi®;- ■ apricots; Teviot,.. in, ;nalf-sf7s. cases,- 55.. to' ss. 6q.; peaches,,primo' '-'red desserts, ss. 3d.', ss. Gd., 'half-cases; peaches/jlfuir; : (stev-ing);: Bs.---.3d;,. 3s. 6d., half-cases; .plums;: Satsumar, 35.. ! .t0 35. ; 6d.; plums,"Blue :Di»miinds,73s.;sdv'to. 3s.- Bd.; plums, -Blue 'Diamonds,- second quality;. 2s. 3d. to 2s. 9d.; pond seedlings, 2s:. 9d:/ to - 3s.' ;'3d;'.apples, ; green .(dessert),; 7.' to-Bs.; applos,• best red 'dessert. -Bs. ; ■ 9s. ; - pears,-. William,-.; 8.C., 3s. Cd. -to- 4s. naif-cases; noctarines, 3s. 9d.-.half-cases;>toma- : toes, gT«en, Nelson, 25.. to • 2s.' 6d.; ;,'.{omatoes;: !;nPfttS^4^,^S4,yAi'V^-9®anttly- jr bf/'all- : i. of: fruit forward, yesterday'from .varii :offitt«,whiaestH"nial'keteheltf '9-®H^."'^^9A f ?teTOng:frWt-;is,iri'fcxoelloiit de-: maiid. • Owing'.to'-^the . absence, .of. tomatoes.' in"iny; litrge jqdaiitities;:during,"M' last -dav- : or two, there is 'strong: inquiry for them,, and'an' adyanoe ou recent l values ,may. be. anticipated: 1 Vegetables, - with tho, exception of ■first-class. grade.-i-rtisreA'S-'' rßttli'-.:.®%Ww.a?iMMt-'siiSplieSSare.'•in-axcbßS v -;^; ; .;.i :. v -

>' ' i( STOCK SALES 'J . * (bit TstEOEAraf—press . association )'■ ■ ~ ... , Christchurcn, Tebruary 17. . At Adclmgion 'Tards to-flny theris 1 was' a very S o °il.: attendance! i at, steers and heifers: showcid an improvement: 'fat' lambs week'S/,rat|o6. .• Fat - sheep deolinc<lvls..;tq'2s:'. per head.-; Pips wore in better demand.; Thero -ivas a fair domand 'for store cattle, and goo'd dairy cows sold well. ferhere.-was .ngam;a :Veryflarge' yarding of^fe 1 ' showing, an '.mcreasef ovefc tho l previous, . v;Thq>iquality,'' however; : was " hot so "good,-- a:co!isideral)lo; ; proportiou of : was, g 2? t1 '. fv? . i? am^s -were' not Ibo keenly , sought' request,-, especially the ; younger sorts.'. and pnc'es for there 6liowed : 'no' 'ewes' changed '17s.' s .^ s^: d< f=riptions of,lambi made' ; If 'j 33 > a well forwald reaching 13s 3d Medium sorts sold at 12s to 12s 3d, and '.sm^'aM^mferior^gs^to'-lOs^ed:;-TheH-was. •jii.fair proportion.W/wether's on 'offer, and- thev Ids SW to lis 6d , medium, 13s ,to lis 6d , * l U^d> ; travel-stained lines,' 'tbtii^i'' ot '' fat '' lamb s ; about ;two,thirds .bejrig.,of» prime, a'fld.oii.-tho .whole thd'offering was the '-m yard3_ forAa;-,long; time :pii'st,' i.nere*.was. a- good;,demand, for ',export,; and. the' a ■ shade',firmer; 'iW l ' mst .weck^,while,.other, classes maintained ..their. + a k e ii • M .'freez-' at 135.:"7 d; toThere a' i r »y lw{?Q ynr(ling of .fat sheep, ieu'es .formniff : supply exceeded the butchers-requirements,: and:there was a deI ?, a -.°f-??•' ® d; .3S- -.WBthersj.'Bnd Is. to 2s. in ewe A .-few;: «nes-, ; 'were .- ; taken, for- freezing. The ; la ',j he r s,^3s., t 6a.-j''p rim e ewes. Hs. to 16s Id.; mediixm,, lis.; 6d. to 13s; 6d.;; aged and Id lls ' wethers,-9s.' 6^; ;Jhero^yere'236.iKM|'^- ipeiined,'of ..tho.;l^rgest'Jpr.oportion,was -heifers'and ; :cows.;. ■ Thiiro vimprov'ed; demand ■ in' conW"®nce, f r,-.of.^i;,[the i.'vsmaller;:';. yarding, ■ the $$ cooler.'/Steers'-ind; foifers Sv «y ' f 6l ead - beHer than I«st week.'......Steers:.made ..£7 2s: :6d:, to .{lO ■7s •; 15s: to'' $ ■',? e st beef sold at equal to' : 22s. 6d medium; 19s. to ,225.-, .and .'cow and in■fenorrl6s,.to 18s.-,6d. per'.lOOlbl-.-Vearcalves tfide 1 ?>? 'cattld' :raade ' »P-i °f 'i southern ' consign- 1 .me^to sale^for-^seful-'sdrts; H. -; 1° making- .315.-;;. .two^ytor 'f? s v -" two-year heifers, ,'je2 ;■ ss;' to >-£2. IIS' 1 * two..\and- a: half-year.', steers; ' -"7s. fiii' - :'s^. f 18s Uairy cows made £3 5s to £8 15s ; U ho yarding )of pigs ,w'as a 'siiiall" one;' and ' : la^v;'^are ®:h a ?oneri'hiadd'6os"..- to^ l , 676,';''iiehte'r' -:s®®;V'®d: '>.>;(oguaI->to ; / lb.); -largd porkers, :.48s. (? (equal,to 6d. per lb.); large stores,' 40s. to 435! '•s?i'-'.'™?4 I .S5 D ! 30s -';t,o;3Bs.'; and .."weahers, which -.uirt;.np^..sell so: well-. as the -larger-:' sorts, '12a.' to'

, BUENSIDE STOCK MARKET. : TEE :EaBA.PII—PRE3S;ASSOCrATION'.) ■'.< ' - ' : mt • ~ " ~ -Punedin,'..February 17. '■ "i i'he jweelcly. report, Qoycring operations afc. the JumMde Btoqk^al6s;is;as;£o|l6w8 l ;--3i'at' cattle• ;il6 yarded, a large;yoiding.of Aedi'um quality, I ; with afo\y pens of• extra good'heifers and bullocks. .to consequence oftbe ' large'-., entries easier.r: Best, bullocks, A'B; 20s. to ;«£9: 103.; 'extra,v«£ll 2s. 6d. j. medium, • £1 5s to- - 7155.; inferiQr, X 5 15s. to.j;6 103.,- best cows and .heifers;*: JEs,jlssr ;to 10s.; :extra,: wer ; medium, '£4 10s; -in '.C 5 ss/; inferior,'£3 103.to M ss. .-/Fat Prices at the commencement; firnier;on ; ;account of the email' r nTOWtp'.jai .'a/slackening' towards tlio l i jextra,- 195.; 6<h- to 14s; finish.., }'!«xbiii 19s. ; s ' 3d;;;inf6ribr; ; 6sitd:los. (id. : .:-.:.M®^Ww-; : l a^ed^:;!v?rii^;''if}; anythihg;' -were :'.a;Vsliade;ve4siefAthis : :-:week,'. >Best-lanibs^ .139. 6d! |o: 9s.v;to'los^:?rt't! ? i'u good f deitiand; v 'f 14s". tb-X6s."';Vslipa v to 20sV; storw, 235. 265;; ~ 355'..U0' ios. : ; light. ;505. : ; 'heavy Ibdcdhers! I-555.' - to;"6os.' :'r. ; 1 ,' r;/ I ; .'. NAPIER WOOL SALES >' ; (BY^TELEQBAPH—-P.KESS.. ASSOCIATION.) . » Napier, Tcbruary 17 : '-j:The third, and ,last of the season's wool sales 'Tvere/held^at : Napier "to-day, avhen, in spite of ithe'.;Auckland', sale: 'being'vflxed,' for .'the : same tUerO'.Avas ; tt largß.i attendance. of . local ;and ; outsideibuyers'.,;.-The,total wool catalogued was 6070 3713 on;the' hnmber. offer, at; the-.tKird'-.sale/last,'year. ■ Superior ;lots* were'-eagerly, compoted..^for, and; the', prices obtained for them compared: favourably with those .of : the'; January .salos; ,;;The; bulk of the wool, however, ;*.was,, not; of this. class, 1 : and there was no American 1 competition, Hvool suitable for that market' not being in evidence. - Prices I Afereyih 'k'ooping ;Mth.'the;quality,'niid .did not ...indicator jny,^"downward:,'tendency in the marllcet. V'For 'princinsil lines, prices ranged as fol-' l.lojvrjfFihe' crpssbTed, -to;9u.; '.raediuiii, to 81d.; 6barse; ! . to'7|d. ; good lamb , wool to 83d;,- 'extra, j td .lOJdt to ;6d.;: pieces, to Gd. .A HEAVY AUCKLAND LOAN. Cn* TEtEGBAPH—I'EESS ASSOCIATION.) ' ... Auckland, February 17 V •Atfti; meeting the ; Auckland Drainage Board 'to-night; resolutions. wore passwl : to raise .aitbtara'umvbf. ilo2,ooo'towards the cost of:the ;iriitiatory,stages,, of, tbo drainago' of the city arid 'suburb's^, Of. this amount <£2000 will. bo tho overdraft'; on'ordinary, inv anticipation *bf .the contributions of the local bodies',', which are notpayable Mntil after- March.!3l,.. 1911; The J £ioo,oflo ;is* the. fitst instalment: of ,£500,009 loan foi' .tbe constvuction of the drainage .works ■' and £6000 of this amount will be advanced by.

the. bank on the security of. tlib ; debentures'.; to be deposited witli the' Bank' of. Now- Zealand: This <£100,000 is to' be floated? in; London at not. less'than par, and, after, allowing, IJ. per cent, for flotation .expenses, should net'to;.tno/.board: not loss than 97J per cent, in Auckland.' > STOCK EXCHANGE. ' ■ 181 TEUEaEAPJI—PBESS. ASSOCIATION ) Dunotlin, February 17. The following "sale on the Dunedin Stock Exchange is .reported: Rising^Sun.'^l,ilSs.i, .' THE METAL MAKKETS (nr Tir.Eomrii—fkess association—coriEionT ) . London, February 16. Copper:—On spot, ,E5S.lOs. 'v i Tin.—On,spot, "<£l2B ss. ; three months, <£130 2s. .6(1. 1 1 Lead; ,£l3 10s. ■■■.■. , ... Silver.—Bar. silver is quoted at- 23|d. per ouuee standard. ; . WHEAT •A cargo' of Australian. Wheat sold "at 38s, lid. per quarter of eight bushels. SHAKES AND DEBENTURES Bank shares and. debentures are > unchanged. ■ GERMAN' BANK RATE-. The Bank of Germany discount rate-is 3i per cent./ ' a Mary 14,' the discount Tate in ■ Berlin was per-cent., 'and theabove appears .to' 1 be the first change --since.]'' . - - ::.-■. . AUSTRALIAN PRODUCE MAREET(DT.TELEURAriX—I'UESS ASSOCIATION—COr*ItianT( : ~.. . . • , Sydney, February 17. Wheat, 4s. - 2d.- Flour. JE9; to £10; Oats—Algerian, 2s. 2d.;to.2s.«4d.; : white, 2s. 6d. Bar-ley-Capi, 3s. 2d. .:Maize, 4s. 3d, Bran, 'i 4 ;10s. Pollard, >£5 10s. Potatoes—Tasmanian, .£6 ss. Onions-Victorian,'• v£B 105..' Butter, - 965.-'to 935. Cheese, 7d. Bacon, lOd. . '. , iin, Melbourne, February 17. ; : fe..: (Flour, , ~£9.; Oats-Milling, - Is. S d ' •to 'Barley—Englisli malting. 3s. to 3s. 8d.;• Cape.feeding, 2s.iSd.V Maize,'4s. 6d; :Bran, IW. .Pollard,-is. Id. Onions, v£6 10s.' to £7. Potatoes, J3 15s. to £4 15s. -V ' TOV 1 : i' : i ' n .j'' Adelaide, February. 17. „ Wheat, toi 4s/Ojd. ; ; Flour,' £S 10s, to ,£8 153, Bran, Is. 2d. Pollard, Is. 3d. • Y T V Customs .revenue-, collected at''Welling; ton. yesterday amounted to ,£293;} 17s. sd ; ° The "Sydney Morning Herald", states that arrangemeuts^have, now:.'been'/definitely coinplfeted' ■^^e o, \limited, operate jointly • m "J .'ot. wax ' and. of voodea. safety matches in' tlie ; Commonwealth, The;.existing, works of R, ,Bell and Co.;at Melbourn® .are. : tb ; be enlarged; and equipped with .most modern machnu^ ticipated : that dlli vestas, and miatches required 'V l '. AustTalia-i.wilV. eventually '-be-'manufactured ; in. . tne>,Commonwealth. ' "... ..■< •