FINANCE AND COMMERCE.

Dominion, Volume 2, Issue 439, 23 February 1909, Page 10

FINANCE AND COMMERCE.

' WELLINGTON SHARE LIST.

;1'" Snleai piy;Neif;:iealand':\Pofflaiia"Cement- tit' ■ 135..; 9d;i'Vandal: 145.,;> and. ■ 'at- Bs;v (Sdw'and! B'sr; .9el;-f. trrirt'. S remained -steady. V Bank' of /New"- ; Zeil'and,;buyera ■. 15s; ; ;'Baiik "of S''^.^s.i";^lers , "iS^'Ss;j'.C'Wellwgtpn I ,'lny'e"sfineist', , l : Bellers , Ayellihgtpn'*Depositjisellers ; .9s: , ; : K New Zealand indtEivfeT. Plate; : :biijers ! 510(35.; -.^.lers-VJS9;vlJs.'■.: cnni;"(lifide'ndi■: Feilding .'-Giv :/. £l ; jtWellingtbhKGas; ; £sy- 10s.-..paid, : ; : (Tellers; .£l2,i.neV4ssrie;Tbuyers 'i2s/.6d;;-rsilliirsi i : 17s/:6d>;; premium; :South ; Britishv.ln's'uTarice',*' : : buyersv : i!2,Bs.; 6d; ; :christcKwoa/Meat, isellers, ,-ilovl2s;:;6d. : ;.i,Gear-Meat,Siei;;paid;.-bu y efs::,ie2. ■:'los.;,:Meat Export,*.■ fid;" paid, ..''sellers, Ai3-ls.i6d;• :Wellington';Wbollen;'prdinary,"6elIfc 6d.rKauri-Timber; i.l4s..ld.;..Hew:Zealana\Pprtland Gement;rb\iveis .:f|l; ; l3s;;.9(l.;Taranaki:Petrbleuni,;buyers'Bs;":6d^ :;.:: ///;*-£THE ■* J^; i:;reported;:fc: The-buying.: and;' selling 7 , quotations I ,:.were ";-*;-■-. ■ ,■*•?? ".'■'Jγ , '! ■A "tellers: : *l'"' : ■ W :r./ ■,;n.?;:r-f i:\Waihi :Grand'Jnnc- ; -"---i''"-■■■■-'■■?^-'-.-> S"S;: ; i,--Wa;hi ;Cr ; 'x.;.x • v.'.vg;;o'o v '9V2 T :0 ; •■■•"-'•■• ■'"' -- : if ";;. : . ■if 6 : 7'o v;^ ;;: ■ft: k- •/.'

■v#> l .THS':monefery''q6nditi6ne*iii>l»ndon''are''sati»'- ; j.- factory,' and if" there ip no '.political disturbance M money-should :Keprat; ; ;a''a6wi rate :iintilvthe: y.-. autumn areVfelt"*<" Tier, position in' .«.NevrJ.Z6tiland-is still-ivery.; stringent, and there ■•ini'niWiato .i;'pr jSspS'cf jfof:"• an improvement, vi .Some V]pjntv;stoci; ('companies "in-.;'the v::accepting;deposits;are.nqif offDringis per:6ent:,' ; ■ and.^thisvwill.Torce the ■building-societies' to praise, The ; winddw;'plabards:-shbw' »:i.that : :.4J;:per; cent' is :'allpwed7bit.'d*i)bsits'fixed rlJor./one;jjeM;'/butvjjve-.i.'fanoy'^law'; ; ambiihts' ».'c6uld'.be'- : placed onxbetter-'teriris.r- During">the «:;Office.;Sdyingf;Bahk::'shoWran'eicess ibf Tfith- , >■. drawalsroterrdeposittvo! afi2,949;.'while:'for ; 'the : *••. corresponding': period .'of .1907 fthi'-' deposit's I 'were , ;;:;iiv ; excess; : the' year. .l!>O7 J the ■v'dopbsitsveiceeded the'withdrawaiSibv4l,22o,s4l;; ■s. ',wii!e?;for., 1908 ;the.vexcessvwas'only; : iE256;254. ; ' , Ulnstrate;vthe^ange."tKiit-;h ; as :.:.cohie;.'.oyer.-.'the' monetary.;: siti]ation",vand,'":th'e ; •:-yourrent'^uaTter:'is'-b6und ; HoVeriiibit'?f\irther : ■'.If.-'atV.-thie. ;ehd':of ;jlarch : ■V.-'the. position :is\notimore: favourable than it -is- « now,;. itris :hofc?uhlikelythat: '.the!".bafflcs :' willriin" ":?,crease:their deposit:.rates;:.:Mortgages.':for large ■ J euias.are:being::arranged.;at:7' per/cent. and' ;(: over,-an'd-itVis.stated ;that> oven as'much: as 10 ■~pef;;cerif>: h aivbe6n':paid..: . :; E orro\vers:are-haV-' :^wg-'"a\yery:;haftlitinie'; ii ?l c : , V ¥ : .^-?¥9?v-^->. 1 ; : :::

■■};.■: A' recent,report on the Manchester: ship canal 1 ■••'states , ';;that;.■steamers'' fpr;&tistralia^:and"< , Netf: Zraland^the.largest- that.w.ater.;-.y.way-T-have.; obtained full'"outward; cargoes, : bhti 'i.tue.'efforts, to-develop a : corresponding .•import:; jr.:trade, Lave.notiiyet 'been ■successv. v ful:.:;.-vsrhe"-.fact-:seems\to' ■). ..dpesinoj/. possessj sthe ,>.'nMess»ryK commercial,>;.,trade .as- it'.is ■KaniledMn London/ and-.Xiyer-, ; ; ;-pool. ,v-There'dbcs I ;;not^ppi!af: , : body" -■■of ..wholesale - traders ■- there:■' capable of 'impb¥t'■'•.^;:and;.3jstHbu^^'M6nist>:.thj»-, i re.t?iileirs.-car--: > gbos'-bf'ifrozeit.i'aria, oliilled: 'meat siich as'\ are" ■'ft carried.:.by'.these,.large steamers, and. 1 enterprise , :fill : 'the:. i; : gap.vltyill '.b^interestihg : to'6eo J ivTeport/--tfHeth'er T V. tunity or;\vtothor it will'bQ-leffc to'outside en•■.'Sterpris.e.'tb.ownpyrtheNTacan't'.CTOurid ; 'aiid' ; ■V--Ifeh-age)jbiej;jn:;}£aMtet'6rvtffiicX-inay?possiljlj.-;,Iprbvo ;awl{ward'.obmpetitors:in. other branches: : -means surptisiriKfif; the.great oolpnialViofrige-: ;,'ralin(» concerns: were- to -follow-.the -example- of. :' v the,Chicago'bee;f v cbriipa;hies'ancl"£ako:the tfade.l .' info':;their--.pwn>.'hßnds,'*:ilf. the'-Australian stea-"' . ttiers yiverS! corningr ;. they/^ypuld.also brinff large :.,: : for-Eradford,:ah(l^probablj'' : wheat,' : '4)uttefJ'.and ■»; fruit for,.tli.el'.denee'-'pop'ulattWi'VJf'VwllM :: lten-' ;j;: Chester-isjthei centre:'; ::::i-::;';:;';-r.: ; v :; v^;.:,.

i} The medical/department of;, the -iqeai ?cotkndr;.has::.i?S!Wil ,'a^ report , "coveriiig'analyses''riiadeVKy.an;'official;'iirspeotor: • of "ißritisli. and. American meat -food.' 'The' bulk. ", of/the articles, upon: which", tho'reportiis.based ' .were.: of 'British ' and/American 'origin,: as. it". appeared {impossible' tj'-'secuTe'-th'eVprbdiicis '.of : Canada;:.A«sfralia; : or ■■New'Zealandj a.from. the; fact, tliat-articles proceeding;from''theJff' soiirees. ' "oh arriral : in; Gfeat;,Brirain ..are:, usually re-. ■labelled 'and often "transported," and no iritima^, tiou -of-the' contents- piven >,t'<}' ; the-Spnicnnser;' .'Proceedibg'.toV.a.'review; of -the 'report; it is o'Jseryedi 7 that 'of :.tho '.352■■ samples: of British ■orisin'/snb'njHted to,chemical analysis, 15G were. ;fonnd- to .contain'boron ; presorvatiye iSiJplutes,V:Or, ;48 ;per> cent? ,r in-ial].'. ■Of-V'STS^.'A'ijjfll^'^jipp'lwV'aflalTsed^V-.-'.were found to'otmt«ihvboron-compminds"nhd;37 ; pra--VBDrviiHveJsnlplxites;:' in tjuantities varyihg:'from only- "trac's" to. not in ore than 5 to G.'grains : ipfp' : lb.v- i -THiis,''whae'.onlj;,ys i ,per;(!e-nt:'ofJ , aU,. samples wßrefprindVtbvcontain'any: preservatives'. .whatever;- had. ■ ; -Deen''dJ^.^r^d{'i6'sfa*',^ip'/sjj^ridngl^'s^.aller. jlt-iyonld : : beVJhteres'tinef to'learnyunder-'what Kuise"■ the products*- , of - Carada-,'-;Australia, •fend .inured.;;; It-:is evident ■fronf.:'thJß'V'rep*6_ft; ■■.' that • consumers; of foodstuffs Great Britain have farvmore to few from the Homo prodiae:Hon ttan from the .imported.artiole'.'. ■.Jlnai.

are ap-. jriakias/a(e,t]iose\b?djes;in\£^^ ThS'^ast :Boglisii' -mail: brought: tiie ! iiews\-pf "the pfojecttd-iinalgamatidn of- the Koyal and tKe Britfsh''aiid'l'dr«gji i -3larine. : A provisional "•agreement-; w»s ; ent«redint6:-:early last month, ;Sent^ui : ,4)y'jt|i«:;«AretMy-eiL;,-thfty|iritistt-,aßd ■'•'l!''preign"'Atann'e'!S';';'- ! ,- ■?■"'-■'■->'■.■■ ■'• ■••"»',' v ' «Dear Sir 'or Uadiin.-T-I :havp pleasure, to ! inform;,you that/'.rßftirJsomewhat;, protracted negotiations , -aridHinuch caret'ul'. confidoraiidn, iyour'dii'epto'rShave.'on'benaK 'of this company, ;-ehYeiis'dvintbVa':;SHti&njil ; egreeineht'-witn- trie : iKoy&l Insurance Company, Ltd., Eubjeot to the >tho' : for the, pur'pose' bt' : .transferring?the companyJ-as a; goin'g concern -witli. ! oU'its .issstr and liabilities to tKe x'ojittol .of itlie Royal Insurance Company, Ltd: f- pVoviiie>« that each- single 'fihareli : jTJfnt holders .of shares in -tms company sKalt be entitled to receive:—l''or. feVery'tivo shares h,eld,by:hiin; her, or.them in *the British' and-'Foreipn' Mariiie Insurance Corii:'pariy;Ltd:;'bne,'iloVßhare/(with r ; i £l:los.-credited' as-pa.id,up;thereon) in the'Edyal Insurance Com'tiany,- Xtcfc'-an'd £2f> Four Per, Cent. Registered Werminablo-Pebehturestock: bf the' Royal Insurr ahce ; Company.'i Ltd, Any, shareholfler having. 'aTi' , odd lßritish,'"andrT,oreign'share;Tnll.b6VieM- ' titled -.. to ■ reeelye for- it,' either in: cash of 'in: ite^aid^debentee-'stpek.;.-.--'-.:--:.,.;■'•:■ .■■'■.:■■'..;;■■. "'--: "With■-'reference:',to. tha.relative value : ot>,the above shires aiiit. debenture stock, roy directors •p'oint'-ont-that-'.the'-a'Teraee. value of British and I'oreignVsharel'dtirinß 1908 was £21 e«ch,.thcre■fiirov&TO r *share's.. .yere.;.«;erth. £ll : The. , present vlliie p'^pne'Ed^MnsuTance:share, is\£2i,-and ■■ the'- ; oiinate ; d :ytil ; ue; of .-'225; Eoyal Insuraiice dea,,total value, of 'iSU: fetn'/;ao69f : diyideiids.;,werej,-paid .on : eacn '•British};w3d ; :<Jr6r.eignUshnre-i ambuntinp \to, 18s., t'reV'OSuitcdm"e.:tax,';in.aking:on;two shares 365. iny.9Q^©ldenn : Inincome '■tajfiiarfie'- i'lpfrieent.:;' deben-ture;st9bS'i\Sf2fl3;3ess'inc*me-'tai»;li'-Tl?SJ';.niak: Tig'^n?,»ll ; 39S;&' *:b? ■': i ■ ,V"; .■.-':•■' been:.titleH to receive/in pebruary.i.next'.a'/dividend of lOs/'pfir'snare-a's j»BriHsh':and,Foreign.shareholder, and therfaf ter'such dividends'as may be. paid by the Koyal 'Insurance .Company,. Ltd. debenture''Stock'..will-carry, interest Horn January;i;''l9p9.-'' ; - ; v.'':-: '/':;■>' -i'i'fhe agreement further-provides for, the continilance.irVrtheir 'positions, of/ the underwriter?;: ■secretaries 1 , and other officials, staff,'and agents of'tnis'-cdmp'any. 1 ' .The :members of 'the Liver'jbo!,': aiid ; -Londoiii Board, of, this ■company f'aro ; , to : their, appointments as ■ dire'ctdrs,";Und : :to;receiye "compensation upon the conditions; stated; inj'.'the.'-aßreement." ; .: ■ ..; ■,

■nThevgoldrjr'odubtion'of' the. .Commonwealth .fbr'the' :bf - : the, current year was,' jßpprPximately;\.'22B,(i92 :i -fine-' oz., • whioh/' comparedv with. .the : for the' corresponding •month-.'iriJlOOSi.-shbws'a- decrease of.-.23,787' fine 0z,.-Y,',The' ! yield' fbr,;ea6h' of the States;: with the eiceptiori'of Queensland, is'less' than that for Tan-na'fy" 'oKlast; year,' the State mentioned Showing'improvement.. .In the:;outpnt of New Zealand:a'lsp v a',shrinkage.is"revealedi; the -falk jilgi.bffi-j'epiesentiiig'2o,lss 'fine' oz., making;the -'depiine , for Australasia.43,9l2-fine-,ozX; A: comparisbn'is I *giren': , bcl6>y':—;-', ' ;-*"■-.:;. ■ ....;;;': '■■..'■■j:,-:i.::i"i.!.' : i.;:.:y~.:i'::—. : :.:\.. "•• January, January, ' - - ' i -^:::,' ' ; ''' ' ' ' : IQ(lfi ''-1Q(1O ' •',.. .::^ r .:.; : ; '.'■'■■; Fine pz. : , Fine oz.' :.-:.'.:-:ilS,l«: : 40,75G : . : '"' : New-Sbnth''AVftles... ■■'... 26,034 ;" 16,739 V ■-•■... 149,818 ' ; 132,28(5'; !■'■. :..■... 23,923 .. 34,486: SontltAnstralia ■...;. ....' 1,200 , .1,000-:.. ; TaSmamav,;;.: -^i/f^..;.:5,361-'; . "To'tals;: Commonwealth ■..-. -252,479 v>228.692^ ■i|^ew^ealM:r-;::-;...;; ( ';; ~. -54,472 : :,v;34,317;., ' ;Totals/:Außtraiasia ;:;. [/'-fflfifa:-,'; .'! i.The ; .Cnstbms 'ievonue. collected, at -.Wellington' 'yesterday, amPunted'to J26196 175;.-7di | ■ ■.; , ■■'>'• t/i ]pjßTirr'''Aifi>.prodtj-oe:bepoet.' : :; i : .i The: Kew Zealand-.Fruit; and Produce Co. re-■;port'-.--aS(-fpU6wsi—Duiihg.'.ithe .' last week., the 'market'-has .'pyerstpeked'with: .vegetables;; ■cbriseiiuently a~very ; low-price has been ruling, which-must be disheartening for ; growers.: During the present .weeK" we' anticipate --a niUch better demand,for french beans and. pens, and other small vegetables, although cabbage seems to" be still In over-supply, The fruit market finished "up at:.the'end°of.,the.,week with .much 'better; demahdj-.'roofe:-noticeably the peaches and .tomatoes, than pther line.-.Wer antici-'■pat'e-a much"'-'better' demand : for ■ fruit;arriving fromiMptuekii'this week-. The following report will give';growers a good indication of; the state of our market:—Potatoes, 4s. to 5?. 3d. j peas, 3d.'to Bd.-.per, peck; cabbage, Is. to 2s. ,6d. sack; french;beans, 9d.'to Is'. 6d. half-sack; car-:| 'rbtei'Ss.- to'-'ie.-'saok'rturnips, 2s.•■Gd. per sack; 'onions, i Cs/> to 7s;: per cwt.; onions (local), 4s. to "is; Gil;; marrows,' about Is. 6d.' -per dozen; spinach,..ls.. 6d.' to 35.. case; tomatoes, 2s. to i 3s. 3d. case; cauliflower, Is. 3d. - to- 25.; broad •boarisf id;' per lb.; .parsnips, l 35. ; t0.45,; swedes, Is. 6d. to 2s. 3d. cwt.;.beetroot; 2s. to 45,; lettvlce;":ls.: 6il. to 35.,3 d.; rhubarb,:2s. Gtt. per idozen'; apples (cooking),.4s. to.ss; 9d.'per caso'; apples (prime .dessert),.7s. to 9s'.; pears (Mel-'bourheji-Willia'm's,:.l2a;<to 13s.;.pears (Nelson), 6s;' 9d.- 'to-75.,6c1.'; ".neettrines,. 3s.'.te ,i!.:ed.;.apricots (Tevibt),\ 8s; 'to '. lls. full c»s» ;'■• plums ■ (daTk), : : 2s.s dit 'tP'" 4i ;'ciise; - plums • (cooking),: 2s. to 33. 6d;';'.'peaches, 2s. 6d. to 4s;; greengages, ss. to. '65."6d/;.bhriaaas";(Fiii)/i4s.'.tp ss. Bd. per case; bananad (bunches),' ; 2s. to 2s. ,3d.;, hens, 4s. 6d. pair.i.ducks,,ss. to :ss. .6(l.>per pair;"eggs,:jls.' 6u;;..ppjrVdbziJn: . :: ::,:{>:■„■■:':■ .'-.'■,;•..;■■•./• ;:•; ■-- ;;,v; ■;: ; ;: vHIGH:.COMMISSIONER'S::CABLE^::-' : r. ■■"The-Depmtment-of*lndustries and Commerce, has received the following cable from the High Commissioner, \dated London, February 20, -1909:-': -" : ; : :' ; -■ ' • : ■ ■ -". ':. v ';::

. The mutton market is very dull, and trade for all classes of mutton has been very slow. Prices-are:'barely maintained, and the .tendency of the market seems;to be.tq.decline..-, Current quotations are' ; as. follow':—Canterbury, 3Jd.; North Island, 3id,; River "Bate, 2fd.; .4 usti'alian, 2§d. per lb. ... :...' :■ : Tho lamb market is very, weak, and -there''is; a . dull sale for all • brands. 'Competition amongst holders of lamb to clear their stocks has lowered values. Canterbury lamb is quoted at Bid.,, and other than Canterbury, at s£d. per lb. . . . ■ . , .:■. :-,., . . The' market as steady,, and there is N a better demand. Hindquarters are' quoted at 3Jd., and.forcquarters at 2|d. per lb. ■:■'■ The butter market 1 is slightly weaker,', with less demand. The following are 'the' current Sulfations:— Choicest .New.. Zealand, 1075.; aiiish, : 1165.; Australian, 1045. ; Argentine, 106s.;.Siberian, 102s. per cwt.. •.. ', ' .The cheese market is quiet but'firm, white makes being quoted at 605., and ■ coloured at ,635.; per, owt.; ''. . ■ '•...-• , ■'. ..*.':■■ ■ ■' The , hemp market is weak and inactive. Current quotations are: —Spot: Good fair grade, iC2i 10s.; fair ..grade, ,£22.105.; fair current Manila, .£23 10s. Forward shipments: Good fair, grade,. £U; i air grade,■: ; fair , ourreut Manila, ,£22 10s. Last week's Manila'output amounted,to.2l,ooo bales.. ■:■ :'■;-.' ■-"• >.-.'.,. ■•.■■'-.<■■ .The 1 - cocksfoot.; seed;' market ,-.:.is-vdull; "and buyers, are; not.keen! to ; do business;.' •■!' ■. > .'•■• ■ The kauri gum' niark'et 'is firm, I ,with'an im-; proved demand. Ordinary to fair : three-quarter' scraped/'lGfe. , ; fair half scraped,- 1025;.6d.; broVn fair half to.-,thiee-quarter scraped/ 905.; biro'wii pickings,'.common to good, 555., , bush, fair,'to good piile and.amber, .scraped, 1455.- Stock held in London'- , amounts 1 ;to 551 tons. ' ;:■',':■ : }i-■■•--{; ■::■;■ .v-.v't.y , ' ■•.- '■•"■'■->V:"- ■■ 'Tlio : wool markot'is '^stroiiger;^ ; "especially for coarse orossbreds,: all grades. ■■-■■:■ ■'"?; ;.■';.•.-.•.■'■ Bradford,tops-are-quoted. as low crossbreds,'lljd.";-Ws> lowVorossbreds.'ils o}d; U's medium crossbre/ls, ■"■'cUs', ' lja:';' ; 50's halfbreds,. Is. 41d. ; 56's.qii'arterbreds, ls.' : :7d;; 60's merinos, ls>'U}d.' : '..■■■■.' .\'; .:;".• [■•.]■■;,"; ;.■ The hop.niatketis very-quiet, 'and prospects are unfavourable/ :'■•"■; r ; ,>.:: Vi v-,:'

:,i . ..THE. FEOZEN HEAT TRADE. ;; ' ■ :!.';■-. : -V :,; ■■'.'■.■' ' tondonii l?ebruary ; 21. :.'}'• '■■ ■ The- Frozen Meat Trade Association's Smithfield Market quotations for'the undermentioned classes.'of frozen meat are based-on actual.sales of.'not less , than.one hundred carcasses of mutton or- laml), or'twenty-five carcasses of beef of : fair, average quality.'. These- quotations are not, for V selected lines, but for parcels 1 fairly; representative of the bulk of tlie shipments now on the market':—. \ ' "-. ■■■■■..' V .'-: : : :' .•'"■i'eb'.M; Feb.2l. ■■-■■. : " : ■-"■ /■■ .'■•, '."■.■ ~ ; - ''d- '■.-' d.' ■': Mutton— '■■'■■■" ',:'' ■. ' . : ' V. : Canterbury,- light : ... :■..",.'- 3 H-1G .i 3 IW6 Canterbury,:heavy ~.*... 3 9-16. . 3i, ■-." .Canterbury, medium ';: ... iz\ "■ '..■'■• 3J : Dunedin and Southland ;.. 3 7-16 3 7-iff .North Island, 11051 brands... 3 7-16 ; 3} • .: North'.lsland ..... .... \3J- '-31-■"••'. ' Australian; heavy ..,'':„ '2} '-. ■ 2| ' ' iAustralian, light O-γ..'■'■; ■; i . : --2 11-16 2 11-16 Lamb— ■''.-.■■.'■■ '. , .'> ■■■..-■ ■■■.-.•.'-.(■■.■ ■■■ ....'. . :.'Canterbury, light ......„■—: . ■ 5 9-16 -.Canterbury, medium • : -;:,.v- — :■..'■ 5-9-16 • ...Canterbury,;lieayy' ...'..:'■;. :.v , —:; : , ; ;5 :' ; r- ; • Dunedin and; Southland ...:'— ■'','' ' i — ■■'.■." ; rNorth'J.lsland>:. ■;■-•.■.'■.;.-; \t.' : s 5-16 ". ; '-5F : . Austfiilian;.' be'stv ';.;. ••■■. ...; 4J•"• '■•■: , -;;'4j;-'->' ; ; Australiari,;-fair: : : ;...- ,'..r 3J' : ' '■•■':' 3j '.'■:■■■ ' Australian,- inferior.... ; ■ ...' 3J'■'■-... 3* -. ■' ;Beef—■'.;-. : .;..-:\;/ :■'■■; ■'.'.';:y;:■•.,■"■.■■'::'■■:: ,;'■- ."'New-Zealand f0re5.: : ...'....> 25> ■■"•■.' 2 11-16 ,': New' Zealand -hinds'... ..'.u3} ! : :31 - '.-■.•Australian."fores ;'... : i ,;..'• 2 11-16 2| -.-■■'■ -'Australian- hinds ... ■ .... 3 . " .!■ 3 . • River'.Plate-r "-''■' ' >'. ■■'■ '■'.-'" •■■ . '; ~- . i -Mutton, light ... ! ... .:.- 3J >- .' '3J .'Mutton, --heavy... v' :;.; ■'~.' 2} - ,: 2J '-. •'■ Beef,■'fores".-..';-;.'...-■'. ;.;.;,,;; 2i ; -' 2 11-16 ■Beef,, hmds ..; 7 .... ■'.■• .-. 3J ■; .'-■ 3J- ■■■

;'j :" CpLONIAL^AND/OTHEE. PEODTJCB;:;^ •OlVTELEaUirn—ri!EVs, ASSOCIATION—CbPTRIiIIT.) ■S.vV' ■:'-'-'■■•' . -London,' Tebruary 21.,-. ~ Copra.—The market is. depressed. South Sea, in : ■ : ■ .-•;,■:.■: :-'Hemp—Market; quiet. •: January-March ■'ship--mPht; -JSk-: -.-• V ■-~ ,-■.-. ,';■.-. ■:■ ~-:v\:;:'N ■.*■■' -('Wheat—Fourteen thowand quarters of ■ Aus-' traliari March-April shipmest sold-at SSs. 3d'.,' and a cargo at-38s. 4}d. . . ■'■■':.. .; ..-■ ■ The wheat, and flour afloat for the. United Kingdom is -3,775,000 quarters;, for the-Conti-,nent, :2,640,000; .'Atlantic shipments,- 165,000; Pacific,' -15,000. The total shipment',-.to '-Europe' this week was: 1,280,000 quarters, including (31,000 from Argentina and, ■';"■ il : Rabbits—Prices,for, on :the' spot: are 'slightly easier; arrivals: are. offering at 135., ;ex ship. .: r / :v : \ THE,METAL MAEKETS. - v . .v;''■; (BTJ TELEOttArH—rttESS ASSOCIATIONp-COPTItIOHT.). , ■..,''::"-' : -^,''' ; 'London, February 21, '■ . Copperr-Onspot, ; iCS7; three, 'months, 16s. I :3d. :' •■■'■■■■ ■-■■■ ':' ■-.: -. ': .-..■.■■.,'■ .£127 _75.: Cd.; three months, '■; Angle: steel.is quoted at .85 75. : 6di "'■"• '-'>'■■'■'■'■ '■, , Tram railsi-i£s;ls.:-6d. :;,.:...:,,': ; -i.';^,,''. , ■'■>■ /■:;.:;;■; ■;:■ /-MINING : SHAEE^. ' ' '.:.:;■ ':^/■] ,(DT rELEGnirn—rp.Ess AsspcrATioN-coi'TßidnT.) ■:'- : . ■•'V , ';■:' : ■'■ : i: 'i '■■] ••■;■ London, 'Februair 21. ' ~-' i, :-'■ VV, ' '■•■ •' .■■-'.'-. "■' '..'-'. Buyers.' .Sellers.. Waihi,Grand Junction ... 13 9 1G 3 : Waihv.' ; .,.,;.;. -~.-.;;;-...;.■-;...;-, Sl6 .3 8 IS-'sl , : :'"'i';;:J. : .;;:'.":;''; 'WOOL. ■':'.„;., ::;jv.:.;,, , .(BVTEi.EGRArn—rREss association— :/,'.;,//-(Eec. , Februaryv2B,■;'o:s.s-i.a.ni.) A '\' ~ '■ 'h- ■; ■'■.■•■■:'-•' ■ 22. ' At the .wool sales competition was very brisk at last, week's'rates. '■ ~- . ' '■■■ '-.:: /. v ; '■'/•/■'stock exchange. ; : Qy . .', , .: ttr.-riLKGiurti—i-ii&M tsspciATipiir- ■"''' ■'- ■'-■■ : 'J- -■,"■' /'•■/' "-Dunedlni-.T?ebrnaixv22;;.'- '- . Stock.'. .Exchange,. ! quotations: : —' Dredging stocks;. Central : Charltpn, 'sellers 75.; Chici\go, : ■buy,ers,.:Gs.; Enterprise,: sellers 4s.j•Golden-Bod, buyers 55.-. 6d.;-':lsland, Block, buyer's'ls: 9d:; Mannherekid; sellers 125.;. Molyneux Hydraulic; buyers Is.-9d., sellersjs. 6d.;,. Muddy/Creek, buyers' jK.ils., sellers. £Z'•%&.• 'Mystery Hat, sellers iEllGs'.; Kiso and . Shine, buyers ■Rising.' Sunj buyers, [M 145., sellers £!■• 15s: , Mining stocks:; Talisman Consolidated; -buyers ,42.;e5., 'sellers'^2 :v 6s.'.9d.;..Waihi ; Gran.l : Juuctioh, buyers:,£l • 55., sellers,^lr,ss.'9d..-Invest-ment.stocks ::.JJational',-Bank,, buyers"-.£s'' Is; sellers. £S; ,3s. ':-6d. ;'■.'. 'National ; .'Mbrtga'ge ;Co' buyers £2;s3s;,- sellers £2 ,175.; D.1.C.; (prefer.ence), buyers 3d.; Mosgiel' Woollen Fac-! Tory, buyers ■£2 ■ 13s. i<. vNewfZealand ■ Portland Cement,- buyers- sellers I4s.- 3d. v;/'; ■'. - :"/.-■: ..-., (DTt TELEOitAPH—PRESS' issOCUTION.) /': C- '■:',:''?'■- '' : \'.'. ; '..Reeftoh,ri , ebruary 22. - NewßigEiver'returii: 657 oz. from 525 tons stone., - ..'■,'■-■■ ■'-.'-,-/: V 1 •".--.''-■':;- : ■'- •■■■'.■.■. : "--

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