COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 691, 16 December 1909, Page 10

COMMERCIAL ITEMS.

■':.;!'[ ;■'■"■'■'•■'investmbnt:BHaees.' : '" •■'.■'...."' . There woro -no transactions yesterday, ani .hero were very low quotations. National Bank lellera £6 Is.; National Mortgage, buyers £2 18a id.;' Boilers'"£3;'' Wellington' Investment, buyer la.; sellers:lla'; 6d.j Wellington Trust and Loan >uyora.£7 2s. 6d,j Ohristehuroh Gas, buyers £ ,os.;. FeUding Gas, sellers £1 Ib.-M.- Napio 3as, buyers, £12; Christohurch Meat, buyers £1 Ba.; Wellington Woollen, sellors £3 45.; West lort Ojal, sellers -£6 45.; Wcstport-Htocktoi loal, buycrd 6s, 9d„ sollors 75.; Loylnnd-O'llric Hmbor, buyers £1 35.; Manning and Co.; tauver E3 165.; New Zealand Drug,'buyers £2,6 3 , ; ${' and's ordinary, sellers Me. id., preforonco, sell srs 21s. 6d.; Wellington Ojera House, &

; THE GERMAN .BANK BATE. Tho German bank rate was advanced to 5 per cent, just before tho Bank of England rate was put up to the same figure. Tho movement in Germany was for eotne degree due to tho ill' ordinate gambling on tho stock exchanges. Figures recently issued by tho'. statistical bureau explain tho.decided preference that tho German public displays for industrial scrip, and also the optimism shown on tho German Stock Exchanges since tho first symptoms of an indus: trial recovery were manifest everywhere. This feeling became most pronounced last September, and quotations were rushed up regardless of warnings until tho Imperial German Bank raised its rate of. discount, with a Yiow.to checking the speculative propensities of tho public at largo, The cause of this apparent blindness of so many German-investors-is not hard to find. In a country whore tho railway; lines arc almost exclusively: Government property, where the State. wsrks many important mines, where gas and waterworks arc municipal undertakings, there is naturally a scarcity of industrial scrip in tho sharemarket. In addition a tendency exists to municipalise tramways and electric works, and meanwhile the savings of the people continue to increase. In this connection it iE worth mentioning that- tho capital invested in ■ tho German Government railways is about equal to the whole paid-up capital of all existing German joint stock companies. In other countries of Europe tho railways offer the most popular investments for small capitalists hoping for gradually enhanced returns. In Germany small investors must find a substitute in the now too narrow circle of industrial enterprises at home or in foreign securities, especially foreign railway shares- \ ~ ■" ■ . '■■'■'' BANK SHAKES. Tho "Economist," london, has compiled some interesting statistics regarding bank shares aa an investment, from which it is evident that the British investor is satisfied with a moderate yield from this class of security. At the same time the rotu'rn from' English bank shares today is higher than it.was ten years ago, the increase being, due to the fall in market values since-. 1899. At that period the average premium on bank shares wa9 244 per cent., with a yield of 4 per cent., as against a premium of 211 per cent, in September, 1909, -with a return of about 41 per cent. . It is a remarkable thing that whilst English values have been falling the quotations for all the Scotch shares havo risen, in some cases- so high as to reduce the yield to less than 4 per. cent. On tho other hand Anglo-colonial and-purely colonial institutions show quite a different record of market values, with- the exception of the South Africans banks: The development of new countries with:.British capital has had a wonderful effect on tho prosperity of tho banks in question,, tho yields frpni which range from 4 per cent..to 6J per cent. The Australasian banks have vastly improved their position during ten or eleven years. Taking some Y>f our principal institutions,, the dividends paid in 1899 and 1909 compare as under:— '..■'■. »' 1839. 1909. Bank. ; per cent, per cent. :,. West Australian' '.. ,171 20 -Australasia '......"; ;... 71 14 Union ; 6 .- 14 National of New Zealand.... 7 ! 13 - Now Zealand ....„' — 125 Commercial' (Tasmania) ..; 5J 12 New South Wales 9 10 Adelaide ...:...'..: .....:..... ;'1 ,■"; 10 Col. Australasia ..; — 7 In some cases the larger dividend is paid on increased capital, as in tho case of the Bank of New South Wales. Tho dividends'which in 1899 absorbed £750.000, this year absorb £1,500,000, or just about double. . . IMPOItT-MAHKETS. </,..,-■' .There is nothing fresh-to report. Seasonable lines' are meeting with a fair demand, and trade with the country districts remains good; in tho city and suburbs it is slow and unccr. tain. Dried fruits and especially dessert figs aro in very short supply, and not procurable from otlur: centres of New Zealand. In Australia also thero appears to be a 6'carcity. Importers have sadly Under-estimated the demand, hence tho shortage. Arrowroot.—St. Vincent, sd: per lb. » Candics.-Tho New Zealand Candid Company's quotations stand as follow:—Premier stearinc and : five medal, 5d.; Bri. tish \ sperm, 'French sperm, universal wax, Excelsior paraffin, 63d.; . Apollo sperm and Venus paraffin, 6d.; Venus, coloured fluted, 61d.; piano, bedroom, and carriage sorts in cardboard boxes, lid., less the usual trads discounts. Price's London, sperm', 16oz. 63d„ 14oz, 6id.; Burma, 160z.: 6Jd.j.-.' ; ...■:;■;.,.-.:,- Cornflour—Steady ..business-'passing. B. and P., 51d., to" 51d.; 3d.;' Chicago,.. 23d.; Buffalo, ; '2id.:.',V' :'■'.''.-' . : : Cocoa.—A steady ■ hand-tb-nfoutb.'V business if doing. .. Van' Houteh'Sf:':i's, f -35.:,2d.:-'J's, 3s. 3d.; -S's, 3s. 4d. per.ilb.j'/BehsdbrpS, il'sj, 2s. 10d,; l's, 2s. '11d:;,.}'3. Js:;;.Ery , s!'ls;-45u.';;Bahla, 2s. H'd. ■'■ Condensed Milk.—Highlander, ..ss.;' Cowslip,- 4s, 6d.; Swiss Milkmaid, 6s. 6d. to 6s. lid. per dozen ; Canned Meats—Sheep■ tongues, 10s. 6d. to Us forTs; ox tongues, 2i's, 31s.'to 345.; 3's, 345. tc 365.- per' dozen; Gear'.s assorted, potted, 4s. 6d.i St. Georgo's, ss. • Carbonate of Soda, 9s. 6d. to 10s.' ■ •Oream-of tartar, 9d...t0 lOd, Canned Fish.—Herring' .in tomato' sauce, l's, 7s. to 75."-'6d.j l's, 4s. 6d. to 55.; kippered herrings, l's, 75.-6 d. to 7s. 9d.; l's, 4s. 6d. to ss.' | fresh'herrings,, l's, 6s- to -6s. 6d.; lobster, C and B, Jib. tins, 14s.'6d. to 155.; salmon, salad, mediua reds.i.Ub.'talis, Bs. 6d. to 95.; lib. flats, 95.: to 9s 6d.; silver, lib. flats, 55.; Golden Link, Sookeyo, lib. tails,'los. 6d.;'llb.' flats, lis.; Southern Cross Jib., 6s. 6d.- Herringlets in oil. Senator brand, 8s to Bs.- 6d.; in tomato sauce,' Bs. to Bs. 6d.; sardines, Skipper, 9.1b. tins, ss. to ss. 6d.; l's, 9s. 9d to 10s;;: "King Edward," i's, 4s. 9d. to 55.; j's, Bs, 6d.; ling, Smethurst brand, is making 555. to 56s per owt. i : Canned Fruitl-^Tho'demand-is,-steadily- ex panding;with the advent. of - warm weather, the Quotations are -unchanged 'at: Si. 6d. to.'l2s. 6d. Chemicals'.—Messrs. S.. W. lloyse'and Co., in their .report dated Manchester, .October- 29, state that is' not much chango' in l tho general 'position.-. The ; :outlook' continues' hopeful, but it may-be a.number of 'articles'remain at a-low level,, and;with little appearance of brightness. Sulphate of copper--was-somewhat lower, during tho month,' and'onlya- moderate business has' been >pasßing.! Acetate of soda is steady;'-but quiet..- With .the improvement in lead,-foreign whito sugar of: lead is" again ■ firmer., 'Carbonate, and caustic, potash aro looking bettor,; and some good, contracts have recently been: placed for delivery .over next year, White'.powdered, arsenic ' has' - eased -somewhat for: near •■ delivery,-- but, for . next year tho market ;is firm, and. producers < inditferent ■'-• about selling. 'Tartaric acid has advanced slightly on account of the less: favourble .position of raw 'material. Solvent naphtha continues' 1 in - exceptionally good demand, and higher prices arc readily paid ifor, present'and. forward,delivery, Liquid carbolio-is somewhat firmer. .Creosote is decidedly, stronger, and- some good -quantitic o (have been- sold-at advanced .figures."■""■■, ' .P*'. 0 ". is a scarcity of - nearly all lines,-and quotations are more or less nominal.- " Currants, finest ':'■'■• provincials,. 3d' Amalias, : .'3d. per lb.; ',11b. cartons, 3s. od. ;■ per dozen; sultanas, selected, 31d, choice, 4d.,. golden (in bulk) 4d;, lib. cartons 4s ; 6d.,per dozen; dates, in bulk.- 21d., in cartons, 3s >6d.'per dozen;rfigs, natural, in.bags, 3d.;.seeded 'raisins,, fancy :11b.. packages 45., choico 3s. 6d ,per A dozen; muscatels, Malaga, lOd. per lbi prunes; - 3d. to 3id. : . '~ Evaporated fruits.—Apricots, 7*d. to '8d • Bd.; apples, 8d. * . ' ,; Ginger, preserved,"7l'd. per lb. f. Infants'. Food.-Neavc's, ,9s. 9d.; Allan and ;Hanbury's"Nos. I', and' 2- 175.; -No. 3, 10s. 6d .Bengor's, 175.; Eobinson's patent: groats and bar ley,"7s. 6dj Neavo's milk-food, bs.'6d.-. Nestle'' ;milk foqdJ'-175.-6d.'.'..- :.-•..• . • ■;■:•• ~" " ; Jam—fi.ew Zealand.l's, 3s-6d. to 45..6 d. ': 'Knife Polish—Nixey's, 4s. 6d:';,Okey/5,.55. 3d. ■ Maizena.—Duryca's, 6Jd. : . ; Mustard.—Coleman's D.S.F., l's, Is: sd. to Is '6d.;, l's,- Is.' 3Jd.'to Is. 4d.; Jjurham, 71b. tins 7d...t0'71d.- '■ ■■ ■ ' ' Matghes.—Plaids,'3s. 'Bd.- to 3s. 9d. a gross' penny slides, 8s; 9d. to 9a. 6d."; safeties, small' foreign,'3s.'.to '3s; 6d.; Bryant and May's, small :4a..6a.;.:1arge,-7s. 6d, " ' ' ■ ... . ! -•'Motaisl— Uuinmarising , tho' condition of the [American; iron and steel trade, .the New • York .correspondent of• "The Times" on October" u hvrote; that conditions had reached a highly in-teresting.-and in-'some Tespects 'critical 'stage jTho latest, advices from . Pittsburg wcro that |ttlo iron situation in that district was - especi. tally, serious, ;for the reason'that practically no ;more Bessemer iron : was availablo for delivery iduring .the current year; and the Bessemer Pig ilrouAssociation-hadvirtuaily sold up to Apru ■1, 1910. Bessemer iron had m'ado a sensational 'advance for'prompt delivery to 19 dollars, and thero. was little available at any figure. Predictions were that it would rise-to 20 dollars Ne\v orders for finished steel, together with specifications on old contracts,'had further increased the congestion at the mills, which had caused several leading companies whose finished capacity exceeds their output of raw material to enter.the market for additional large.quantities of iron,, while other steel companies had beeen. forced to purchase steel billets. • The situation in the steel industry, briefly summarised, was this. . The billot, bar, plate and shape mills had not kept pace with finishing plants, and'billets and'stc'el bars could not bo purchased, even, at premiums,' for prompt delivery., i . ■ ;■ ■ • ' ; . .-■Nutmegs, Is. to. Is." 2d. per lb. : . Peel.—New Zealand lemon, 4Jd. to 5d.; orange sd. to 5Jd.; imported lemon, 7'sl sid.: orarim> 55d.; , citron, Is. to 15.'.,2 d.. .' . B] ; Pickles.—Morton's hexagon 10s. 6d.', round 12s sd.- per dozen; Captain White's, 235.'- 6d.; Gar ton's H.P., : 1-pints, 12s. 6d.; pints, 225: - 6d!: - nun pickles, 9s. 6d. to 10a. -Itice.-No. 1, 15s. 6d,; No. 2, 14s. :6d„- special Japan, 16s. per cwt.. . ... . ■ Salt—Fine, 71b. bags, ss. 6d. to 6s. 6d. per- cwt,' bags, 3a: 6d. to 45.; coarse, in cwt. bags, 3s. tc 3sl 6d. per cwt. and P., 1-pints, 14s; to 14s. 6d ■ pints, 255. to 255. 6d.; Holbrook's, 1-pints, 7s 6d ' pints,' 10a. 1-pints' 7s 6d.'; pints, 10s. to 10s. 6d.; Eagle brand (NZ)' 1-pints, 2s. 9d. to 35.; pints, ss. 6d. to 6s. Starch— Column's, lib. boxes, 5Jd. to 53d.; 61b packets, 6d. to 51d.; Now...Zea»nd,' lib. boxes,- 38s' to 395. per cwt.; 61b. packets, 375. to 38s. per cwt' Stovo Polish.-Nixey's, 2s. -6d;;;lieckitt's, 3s. p« dozen. , .''..--

Sugar.-IA and No. 1, 56'5,£17.105.; N0..2, £17; No. 3, £16 per ton. Tapioca.—Pearl and flake, 15s. to 15s. 6d.j seed, 14s. to Ms. 6d. ;J Vinegar—FrencU, 6s. 6d. to 7b. 7d.; Champion,. Bs. 9d. to 95.; Colonial, 45.. to 4s. 6d. Gnßtoma revenue collected at Wellington yesterday amounted to £1555 os. 3d. ■■"■'■"■ " ,- ■■•■-■ '■ ■ /' .'■ 1 STOCKS OF COPPEE. (By Telegraph.—Press Association.—Copyright.) New York, December 14. . American stocks of refined copper on November 13 totalled 153,4001b. weight. SILVER. , London, December 14i Bar silver is quoted at 24 5-16 d. per ounce standard,, an advance of Ojd. BHAKES AND DEBENTBEES. Bank of New Zealand shares aro quoted buyers £9 15a., sellers £10 65., ex dividend. Bonlt of New Zealand, 4 per cent, guaranteed stock, £100 15s. . GRAIN MARKET. Dunodln, December .15. ■■■ Moderate demand '. ia experienced for primo velvet and red wheat, but tho quantity offering is limited. A fow sales of Tuscan aro being effected, without any improvement : in price. Prime milling velvet, 45., sd. to 4s. 6d.; Tuscan, 4s. 4d. to 4s. 5d.; medium to good, 4a. Id. to 4s. 3d.; best whole fowl wheat, 3s. lid. to 4s. .■■;,' Oats are. in fair demand at lato rates, and tho few coming'to hand are readily placed, but buyers, seeing no indications of a coming rise, are not in a mood to exceed quotations. Prime milling, Is. 9d. to Is. 10d.; best bright short feed, Is. 6d. to Is. 9d.;'medium, Is. 6d. to Is. 7Jd.; interior, Is. 3d. to Is. sd. 'MINING NEWS. ■ WELLINGTON MINING MAEKET. ' A few sales were mado yesterday, but tho range of values is still very much ■- depressed. Alpines slumped very badly, sellers' quotations having dropped from 3s. 6d. to 2s. Yes-' torday's sales were as under:— May Queen, 25.-7 d. (second call), 28. Bd. (third call). Old Hauraki, 3s. 7d. (second: call). Tairua Broken Hills, Is. 2d. (second call). Talisman, £2 3s. (third call). New Alpine (paid), Is. 9d. (second call). ltoss Goldttelds, 9s. 3d., 9s. 3d. (third call). . ; ■ QUOTATIONS. •', Tho latest quotations,'with last recorded sales, were as under:— . / . ._ .

; . STOCK 'EXCHANGE.' ''■ . (By TeleEranh—Press Association.) : .' .'.,-'- Auckland,. December 15. Business -was done on' tlio Stock Exchange- this morning as follows:— Bonanza, fid. ■ ■•■ • ' Kuranui Caledonian, Is. 2d. ' ' 'May Queen,- 2s. 9d. : • Saxon, Is, 2d. ; ,-- /...-. Waitangi,' 2s. 6d. , . Consolidated Goldflclds, 18s., 3d.' Hauraki, 3b. lid.'to 3a. 7<L Eoyal Oak (con.), Is; 2d., is. Id.' Crown, 6s„ 6s. 2d. ; jEairua .Broken Hills, Is. 2d. Talisman, 455. 6d., 445. 6d.. '■■■.'■' The following; business was 'done at the afternoon call:—,'. . . Bonanza, 6d. , ... Kuranui,. 7Jd. • ."■ .' . New Sylvia, ss. 6d. '>'-■ Old ,Hauraki, 3s. 8d... 3s.- 9d., 33. '7d. ■:> Eoyal Oak (con.), Is. 2d. New Zealand Crown, 65.1 d., 6s. Tairua'Golden Hills, 4s. 9d. Talisman Consolidated, 44b, 3d., 435; 6d., 435. 3d. Waihi Grand Junction, 355. '. •■■ ' . Kauri Timber (con.), 13s. 3d.' Auckland Tramways (ord.), 21s.'3d. Wilson's Cement'(ord.), 445. : 3 d. -•-.-. i Duncdln, December 15; Stock Exchange sales: Muddy. Terrace, ,28s, Salca reported:'Waihi, Grand, Junction, 345. 9d.; Old Hauraki, 3s. 5d.; Talisman, 445. IOJd.; Golden Bed,. 19s. •■-.'': i ■ '■ ■ • -."'■'. - t» 'iMi^iNG.^QTEs.,;,,;;,"..,''v'.'a'-> Eoyal Oak—According to the manager of the Eoyal j Oak mine, Coromandel, the new lode in the face at' No. ;6 level is looking very:.well, though, at' present' gold, is not visible. .'. The smaller lead in the same face is highly mineral- ! ised,'■ and is running partly, with the big'lode, I On Friday : morning ■■ the men resumed sinking I in the winze. ■'. Good minerals are showing, and the leader, especially in the western side, is ol good size. In No. 3 stope off the winze colours of gold are-visible every breaking down. | Ngatiawa—The manager of the Ngatiawa Gold Mining Company, Great Barrier, 'reports that th< ore from tho second stope (No. 1 level east), no« I in hand, shows further improvement in values | The aerial tram is completed. Crushing istc be commenced as soon as the dam to retain the tailings is finished. .\ In tho ■ Sunbeam tor level tho reef has been stripped for 12 feet, and broken down for 6 feet The reef is now ; : feet wide, and looks well. Stoping has beer temporarily discontinued during tho timberins of the-'top.- pass. :• ..-,.',.- i Kuranui.—The -' work in the' Kuranui -mine ■i! confined to the Blyth,low level, which is beins driven to,, intersect the Blyth' reef at a ' poini below where it was opened out on the uppei level. This. lovel, has been driven 100 feet, ' a which point the hangingwaU branch of what ii known. as. the shaft leader was intersected; Ai this leader looked promising, it .was decided t< open out and drive, on ;it in a westerly direc tion. .'This has now been,driven- on 11 - feet and so far: looks promising'. This leader showi an averago thickness' of about 10 inches, an( is carrying . good- mineral,- ■ -intermixed witl blende and;- stratamata,■; while good dabs o coarse gold have been seen through. tho quart; broken for' tho whole distance. A crosscut i: also being driven to' cut the footwall brand of this lode,' and this has been extended 13 feet leaving about 7 feet to drive to. cut the foot wall branoh, which should bo to hand some timi next week. . A start, has also boon made t< drive eastward on. the. hangingwall branch, bu so far no quartz has been broken down ii this direction. :.-

: ,,.,.- r^^BB3>>i;,; . i ; t .'. .,..,■.,':.;.. ..a. ' r .,'.'...,j,:i....j;,'',„.';....,'—. - ". " • ''.,"'"''• ■■■-■•■•- '.. ■ ; ■ -■ ■ S^*S : -■-- -'^,., : :/- •■■.■'',;., MEETING OF -FARMERS/"' ' " ; THE GERMAN .BANK BATE. Sugar.-U and No. 1, 56's, £17.10s.; No..2,'£17j PiiilflM -PROTEST I, E «a™ CROWN SUITS K'ff'" 15 , to Sd, seed, . Pilrilil| f :SI:P*W PROaESTEEaA™ CROTNSU f- -^^^1—^ e ftf to Ts.Td, Champion,. 'JJ*S-W'i' ; v: : iH:'i;' : ■■■.■■..': explained that the object of the gathering the optimism shown on tho German Stock Ex- tcraay an ">u«ca to £«55 08..40. ; ■'■.' Y;*i-ji '■■'■' was for the purpose of discussing matters re- changes since the first symptoms of an indus: — , -.-.■ / : !:vS^i :^^''-: : ! ''f^«Y-i;':^:;. : ;^-■'•■-; "■-- ' .... i '.' ""- '-''"' ''■' : •'.'■'■'-. '':'•■'.•;.?,>< j : -\ '-v lating to tho sales of produco in Wellington, trial recovery were manifest everywhere. This ■. STOCKS OF COPPEE O.- ™" \ M^ l ]^ e ">«*»* at V «««*■ ™^rT^ 0 Am(irioan flt00k6 : :,V : ; v v-;.fV'.r ■'.: .: v . T ■ „- _ ... pointing out that; the'commission rate of 74 speculative propensities of tho public at largo. b £ 15 Called 153 400U1 wciKbt *#<>*:--: per cent. was. a fair and. payable charge. The The cause of this apparent blindness of so "or la.iotaueq im.toiq, weignt. Tho following Toplics vroro:given to various new import of one penny per package for re-, many German.investors.is not hard, to find. In : questions relating to ■ land akWriculh.ro-in ceiving ™d tlelivery was, not justified for the ■^^™ 1^t^S£rt? e " S ™V '■■ . „' ,, -''I ■-''* ■ % M =- a 1 £«£ *5 silver is: auoted.^TuKroute vThe.Land Act, 1892 did not authorise, hold- realised, for produce So far as Wellington ttoU Is naturaUy TscaTity of intotrial S standard,, an advance of Oid. . ii-i,S:X->\^iibm6icn](^Bbl6-'e^riiffl^i' : -'of. 1 couKo;.\asvBU ers ?of 6maU gracing runs to exchango their was concerned, this charge meant an addi- in the sharemarket. In addition a tendency : — .... 'K^: leases for leases in perpetuity,'and..it, was not tional four to six thousand pounds that would exists to .municipalise tramways and electric SHAKES AND DEBENTBEES. until tho passing of. tho Land Act Amendment have to be paid by the producers. Mr. Hunt gave ™ r t k in ' u f t d 0 m fi™£g e &" it" s B™k of New Zealand shares aro emoted buy■|S^^ ; that;will:anterest 'readers 'of ;this;'Jco uhW Act, '..' 1895 .'Section' 15), that such, exchanges extensive information regarding the . great worth rncntioSinr that thcapital Invested in «« « 153- filers £10 6s., ex dividend. ::;l;S.:::fr."ThatiMr.: were permitted. Even then tho right was progress of the co-operative movement-in other .tho GovernmenVraitoys is about equal Bonk-of-New Zealand, 4 per cent, guaranteed only ft limited One and applied to areas of countries, and concluded by detailing the un- to the whole paid-up capital of all existing Ger- stock, £100 15s. ' •l just, position of the law which prevented an man joint stock companies. In other coun- v • '$>■■& "K•». "You c have: been.^having ; .'a' big'discussion'on oxchanges of tenure'Were ' not satisfactory tho action for damages being laid against any of tries _ of Europe tho-railways offer'tho most fmATM urARK-RT -iithB-moistnrBVo-uestion?''-ho -said. - -. right was wholly, taken away bv Section 50 of the Government trading enterprises.. popular investments for small capitalists hoping <*»ai« wakkm. ■ Moderate demand: is ; Konle■^ 1 ;•v.:^.^^•v;■--.^;•,!'.:■ , :■■•■ ; '. , ••■■: ■■"■■■■ is, madvisablo to restore it, ... Discussing, this ried unanimously:- That this meeting of far- now too narrow circle of industrial enterprises velvet and red wheat, but tho quantity offer- %/,:' reply,' Mr.. Massey urged that it' vas.aclvi.sapie. mers enters its emphatic protest against the at home or in foreign securities, especially for- ing is limited. A fow sales of Tuscan aro being 'r'«v?i 'bebn-mado at tho'British end" ; ' ;• to revert as soon as possibld to the, position action of the Government in not affording tho eign railway shares. ' . ■•■ ■. effected, without any ifuprovement : in price, which obtained before 1907. :'..', ' New Zealand Farmers- Co-operative Distribut- '„ Prime milling velvet, <s.,5d. to 4s. 6d.; Tuscan, ? : -Tho-"areas of land in the Hauraki Plains ing Co., Ltd., tho legal moans of obtaining re- ■ ' ' iiank SHAEES 5 s '■£?' £° > < mc ? ium l . 0 , E0< i?A' 4 , Bl i d> l ° ... . BANK SHAKES. „ 3 j d best whole fowl wheat 3s 11d to 4 s. which Jt'is hoped to place on casioned it through th* operations of:.the State; tholew"^^ rtJSly A m ftSrt^hardly: know .tb:;what /totent-they' can ' be about t the.first;week, in May, will.be handed Coal Depot, and now calls upon Parliament ,to an investment; from, which it is evident that the buyers, seeing no indications.of a cpminprrlse. :S ! bvor to-the Auckland 1 Land Board lor (lis- adopt tho report of the Public Petitions British investor is satisfied with a moderate are not in a mood to exceed quotations. Prime r ««i ; *H,'Zealand-Gbvcfiiii'bht could render 'gitat- as-, posal, under,'.the,Land Act in accordance- .with Committee, and. submit, the case' to arbitra- yield from this class of security. At the same nulling, Is. 9d. to Is. 10d.; _bcst bright short. SjX'&:5v'-: ; tho provisions'of Section 7, Sub-section (1), of Hon, and that a copy, of this 'resolution, be V mo tUe rotu'rn from'English bank shares to- '"d. .Is. Bfl. to Is. Sd.;'medium, ls.,6d. to Is. ' i; the.Hduraki Plains-Act, 1808, The board will forwarded to the member for the'district." day is higher than ten years ago, the 71d.; inferior, Is. 3d, to Is. 5d. :thenrKaVe;.pow.cr ; :to deal , A; hearty ..vote, of thanks to the company's JS aa !ft* p'criod" tie ' ■■•■■; : ~~~ fe-KV y ordinary Crown lamVas they «™^ do manager, for his address, and to the chairman, m S'on bank shares P was 244 percent? witl - 'MINING NEWS. closed, an enthusiastic meeting. . a yield of 4 per cent, as against a premium Sr'v.fe>''-'althoughfrknow .& V ________ ■ of 211 per cent, in September, 1909, with a re- -. ' "T- ' '■■■: :WrAep;;to:'answeLv ; fe r ,i ■'„•'■_'„,'„,' turn of about 4 J per cent. It is a remarkable -WELUNGTON MINING KAEKET. ; f"iK::--r v fiHliHpii-fclri'-'t&f : -tlic>-hninf'■'•'•■■'T«t''U.'i« im Although- tobacco' has. been successfully THE SHOWS thing that whilst English values have been fall- ,. . „„. „„„ „„j„ ■■,„«»„j„„ w' »v» P»S&® .- ' ,."*___' , ratg B^L^- S^ d^ S m lS , 'de^essel: ; ;Kmadeifrom;;similar:.cream, bnt containing :16 f xperiment in the Auok- - - ■ , , mvo rwen, .in spmepeases so as to reduce cw - neg Blamped TOry bad ly. Ee llers' quo. 12;nbr,ce fl t,'of moisHlrG-respcCtivolv, what land prOVmce,Mt to.be ascer- to ;i Z -: i ■• . .■ Anglo-co on al and P T urdy cobniSl ins" )»«„, having dropped ironies. 6d, to 2s. Yes-' ttlals whe^ er r„ 1 lT.th» 9 * utions saow 1 uit<J tt different record of mar- J. sales were irnder:-, a ?■-.'■:.;.,'■ '. n :.: TOr ind-'nf fin'dnv<! "■'.., - ■ '' profitably grown'on a commercial has s in; the. tamatu-wucmo. j)ooruary ». kot valu with . thc , excop ti on ot tho Souta May Queen, 2s.-7d. (second call), Za. Bel. Ittura *S^;:.-?,\O.V' , thit"i : 5 11. • •- ; : . Africans banks: : The development of. new coun- «»":„,„ „ w , ' -i ,„ mnH ,„„,. : ful consideration of the Government. ' ' -; Sydney Eoyal Show.-Maroh 22 to 30. tries with:.British capital has had a wonderful g ] 4 Haurata, 3s. 7d. (second call). - !: effect on tho prosperity of the banks in ques- Tairua Broken Hills, Is. 2d. second call). vi^o7.;:i. v .Vvtho.;_eces88ry-:fnnllties.'.wouId?exist-to:.cnsuro , L £. mm ls , l0 !r„i 3 ,„ „"Zc ~Wa - ■■' • -■'' ■ ' tion. the yields froiu which ranee from 4 per Tahsman, £2 3s. (third call). . ft&m the dairy ,m. ( cases where ,ti"»«; , . ;, ' ... ,;, ™ n t l t ° e 6 f "™f ccStf ThrAustSasS? banks New A'P" 10 ls - M ' < 6econd caU) -,„ ' n«^ ; :«C_00lfe-^^^ : .. THE WOOL)'SALES. ■ have vastly improved their position tarti ten -Koss Goldflelds. 9s. 3d., 9s. 3d., (third call). '■ .. :. ' :'- -,;■ - ■-" ■■-> . ' ■■ or eleven years. Taking some of our principal .' ■ ODOTATIONS ' ' : institutions,, the dividends.paid in 1899 and 1909 . ' _ .QUOlAllOftH. , December 16.—Dunedin,'2 p.m. ' , . •' compare as under:- Tho latest quotations, with last recorded sales. ' : \perSperSt, "" " ,: Buyers. «„ . Bale.; .' T ? ■ ' < . 8 Bixon ConsoUdated .... i ■ iS;&:i- .ThatMsM January 12.-Auckland, 9 am. : . . Union ■. ....v. ; 6 ,14 Dominion ■:.. - 0 0.3 - . K';V^;A^:i^Yes : Aabis"the-.rosiilt. : of thnnPw-RriKiK otller oases, all the mill ng. timber, nay .not January i3_Christchurch, 9 a.m. ...'- , National of New Zealand.... 7' ' 13 Kuranui Caledonian ... 0 10,012' - . have-been removed. It is not,. therefore, lal- . J 19-Invercargill, 9 a.m • .Now Zealand ....:; - 1ZJ May Queen 0 2 8 0 210. 0 2 8. ■'*■ Commercial' (Tasmania) ..; 5J . 12 Mountain King .-'- 010 .-: . owing to tbo danger of sneb fires spread- January 24.-lJunedin, J a.ra. New South Wales 9- 10 N.Z. Crown ...: -. 0.5 11 - *SM r -*--i •-.-.;. January 27.-ilmaru ,-„'.':■ ' Adelaide ...:.-..:.: .....:....; ' 7 . : 10 . New Sylvia ;........... 0'5 4 0 56 •>.lM';C;0.:.:ivproseeutH.ii.^for^e_cpss^of'. , :nioisture.'-:.-'I'' was lng to tne remamun ui «.i. ,, February l.-Chnstchurch, 9 a.m.,,, , Col. Australasia ..; - 7 Old. Hauraki '. 0 3 '6 - 0.3 8 111' !-Tr^.?.'-'- ; ',: :, ■","■.■•"'', '-—^- — ~ - '. -"-'V- February :8.—Invercargill, 3-p.m. . ■. . -./ ■ In.some cases the larger dividend is paid on Saxon'■•\....:.,...-.;„i.... ,0 1 0 ■-■ 0 1 2 ;■ ■- ': %Zr'i& : : i^^inip^essionfbf. ::theso : ; firms;;Mri differont'places ; WF STAND ' ' '-' - February 11.—Dunedin, 9 a.m. increased capital, as in tho case of the Bank Tairua-Broken HiUs ... 0 1 1 S'v?''n7« -.?; v :' .'.'i.UiNUUU Wtl 3irti>u.... : February 15.-Wellington, 2 p.m. ..-, .:. ofNew South Wales. Tho dividends'which in talisman 2-2 9 . 2 3 6 . 2.3 0 their " '-' —— . -. i -,: February lT.-Napier, 2 p.m. ,:f,. ... absorbed £?mo, this year absorb £1,500,000, "aih; 0 —r- s — 9 " ,° '»6 ,.- • °r Just about double. , ftf GoiS; _ 0« 9 111 ! -'" February 24—Timaru, 2 p.m. . . '■■,„-„-'„,■:;..■.__,■ New Alpine (paid) 01.6 01,9 *0,19, P^In^ome^oses ? ■- ;.. IMPOItT'MAHKETS. ; ,, . BosV Goldfiolds ■....;.;.... 0 .9 0 .U'9'6 093