STOCK EXCHANGE.

Evening Post, Volume LXXV, Issue 33, 8 February 1908, Page 5

STOCK EXCHANGE.

To-day's call was the reverse of last -Saturday's. Then dealing was active ; to-day the market was flat. National Banks found a buyer at £5 6s, and Talismans, on the strength of a satisfactory return for tho month's crushing, maintained eaTly rates, being accepted at £2 13s 3d, closing firm. Waihi scrip is well -held at £8 16s, and with ample money availablo in London at a fraction over J3 per cent, tlkre may bo a recrudescence of buying from that quarter. Buyers again bid £8 14s unavailingly. Grand Junctions wctc wantoH at £1 6k, Tainui Broken Hills 4s, May Queens Is 9d, Crowns 6s 6d, and, ,Big River 12s 3d, being tho other mining scrip sought. In the investment and industrial section buyers declared for Bank of New Zealand at £9 12s 6d, Loan and' Mercantile 4s 9d, River Plate £1 10s, Union Steam £1 12s, and Kauri Timber 93 sd. Sjellers in the majority of instances iield for higher! prices, and tho turnover was restricted accordingly.

Mr. Riddell, S.M., at the Magistrate's Court this morning, delivered judgment hi the case of Hutt County Council v Whitehouso. Defendant was charged with permitting a cow to wander on a public road. Defendant admitted this, but contended that tho cow was there without his knowkdge. Mr. Johnson, who appeared for the claimants, argued that tli3 word psrmit" should be read as meaninc "suffer." 5 The authorities, the judgment slated, showed that bsforo a defendant could be <:onviclecl of permitting something which constituted a breach of law, his act must be accompanied with somo degree of knowledge It was clear that tho cow had got out without his knowledge. The information was dismissed with costs £1. Mr Morisou appeared on behalf of defendant;. _ Another case , against Wall was dismissed, but no costs were allowed. An interesting comment on the prosont condition of San Francisco is given by Mr. Herbert Dix, formerly of Wellington, and now of that city, in (he course of a )etler to a friend here. "Thousands are out of work." hs says, "that fact being primarily due to the banks failing to advance money as readily as they should in such a city. Huge buildings of from ten to fifteen stories high aro at a standstill, or in somo cases there aro only a handful of carpenters, etc , working on a job whero there should be tinythint; fiom 200 to 300. All tlus nml:--s buuiness bad." Wages, he adds, arc not. too good outside trades, and so far as lib tan sec olerkc acd salesmen are uot too well paid.