COMMERCIAL.

New Zealand Herald, Volume XLIV, Issue 13450, 29 May 1907, Page 5

COMMERCIAL.

New Zbasand Hebaid Office, t Tuesday evening. Uttbisess was again on the quiet side on the •'" fbaremarket to-day. In standards Taupin noals sold at 19s, and closed with sellers at U, 9 d buyers at 18s 9d. Auckland Trams .~ (ordinary) changed hands, from 24s 4d to " A. 3 3c j In mining Waihis were dealt in faun £9 5s ** to ;E9 6s to £9 5s 6d, there being further sellers at £9 5s 6d, with buy- - ers offering £9 *- *»• Talismans brought ~ from 339 fed* o 33)! 3d ' closing with sellers f «V 6d buyers at 335. Waiotahis sold at ?t 6d late sellers wanted 23s 9d, with buy-:--r at ' 2 3 9 3d. Waihi Extenders made from '■£ lOd to 5s lid to 5s Bd, and closed with fliers at 5s lOd. buyers at 5s 7d. Temple . Bars (3d paid) were done at 3d, late sellers m buyers 21d.' Thames sold at Id, with .late sellers asking 9(1, buyers at 6d. Waitangis found buyers, at 2s, there being sellers at 2s 4d, and no declared buyers, Komata Reefs were bought at ls*Bd, and further sellers quoted Is Bd, buyers at Is 7d. Cornstock Uniteds were quoted for the first time »{ the late call, sellers asking 6d, buyers at 24d Maharahara Coppers sold at lis 6d, 'closing with sellers at 13s 6d, buyers at lis 3d. , . ■■■■'"'.. ' The wintry weather experienced since our . last report'has not had a deterrent effect •:-•- on the volume of distributing business, and '-' the orders received are above tho average f* for the season of tho year. The chemical houses pronounce business to be good, and ...... tho same r.tato of things is existent as re- ~ sard tho hardware distributors. Difficulty • is still being experienced by the soft goods ~ houses in getting sufficient hands to cope. with their work, this denoting a buoyancy in this particular branch of trade. With tho arrival of tho Mamari, Fifeshire Atua, Tarawora, Waikare, and Miowera' tho wharves have been kept busy; the two' first-nriied vessels are from oversea, with 2500 and 1000 tons of general cargo respectively the Tarawera and Wai- -- Jcare brought usual produce from the South, ; and tho Atua has ' discharged bananas, H oranges, copra, and molasses. The Miowera is discharging usual cargo, comprising potatoes, rice, fruits, and miscellaneous transhipment cargo. In connection with the inauguration of the new cargo service- from 'Frisco, the first sailing of which is to be made in iueust, news is now awaited as to the freight rates to bo charged on different . cargo. . ■■ ■'■..•;' , '-\, ■ Cream of Tartar: The market has dropped a further point, and must now be getting near bottom. Desiccated Cocoanut: Easier prices have '- come through, from which we infer that supplies are now coming more freely. " Cocoa. Beans: Cables received indicate ■ a firmer tendency both for Trinidad and

Ceylon beans. . "'■"- Coffee: Heavy arrivals in 'Frisco have 5 ; had the effect of.making prices somewhat easier, and good business has been done in consequence. . "- o Canned Fruits: The strong position in, Vrisco has had a hardening effect on the Australian article, "and we look for higher prices to be named for the latter before . very long. *' '■■;..' ( "■•■■;•■'■- •'.' Seeded Raisins: Quotations for the newcrop (to arrive hero in time for the Christmis trade) have been named, and we understand - business has been.'done on same. As anticipated, ; the figure is higher than last season's opening price, which would almost indicate that ' some forecast has been made as? to the prospects of the new crop of Smyrna sultanas. , Sicily Almonds a Price has advanced for prompt shipment, and the new crop is also quoted at an enhancedVrate. ' Elemea: Quotations for the new' crop lave been made. Business in this line is small

Cloves and Nutmegs: Market firm, and change in price would most likely mean an ■.-■-'■ advance.'-' '""' {.Tapioca: -.We look for prices to be well maintained in. the near future. Pepper; After ruling low for some time, ■tho market is on the upward move. Rum: v Cable to hand notifies an advance in price of the West Indian article, and as the best demand locally is imminent, spot stocks will, doubtless,have to respond to the advance. Bide peas have advanced considerably in .price. ' - Canary and Hemp Seed: Prices are assuming rather, higher proportions. • Kapok Speculative prices have been : named for the new crop, but are hardly on : a basis to induce operations at the present ' time.' We are of •;opinion that buyers willhave to make up their minds, however, to pay higher prices than they did last year. '] Metals generally continue to remain firm. Pig | lead has j agfliin advanced, with indi- , cations of a further rise. White lead is, of course, firmer in consequence. ' Wire Nails: In addition to advanced rates the shortage of supplies has the effect of - hardening the local market. ' Linseed Oil: The Home market is still very strong, and local , rates must go up with the arrival of new stocks. Hides :_ Market continues without change, all supplies being quitted at auction at late rates. ... _: ~ Pelts and Lambskins: Prices remain firm, with a tendency to improve, competition being keen for all lines. Tallow: Prices have advanced slightly, ■ - competition being very brisk, especially for the better classes. .■■ -" Wool: None offering in the local market, and prices are not expected to alter until the opening of the next wool sales in London. Potatoes: The Miowera brought from Sydney 4260 sacks, but as the looal marketnot overstocked this moderate shipment will soon go into consumption, as the demand . keeps steadily increasing. However, the price has not advanced, and there :.. is" no alteration in the Australian cost. The Waikare only brought 55 sa'ck3 from the South, and it is unlikely that we will have any large importations from there, as> the. Southern, merchants still think these tubers are difficult to handle, as although there is no sign of blight on them at time of shipment, they develop' it in transit or ; shortly . after arrival at their destination when put in store, making them quite unfit , for : use. .'-.;-.. Onions: It is now getting more difficult to pick up any sound lines, and the stocks : : held locally are almost exhausted, so that the time is approaching when it will be necessary to look outside for future supplies.' Prices are likely to. harden some- ."" what. -'■;" ■■":■■-' . ; Maize-: from the coast consist of 187 sacks by the Mangapapa and 70 sacks _[ by the Waiotahi. This small supply coming ,; to a bare market immediately went into the ' hands of the distributors. Price remains 1 the same as last week, but it is anticipated ■ that, a slight rise will take place should the.supplies not bo excessive. , Oats: Local stocks are now running down '. rapidly, with the demand firmer than ever. A similar state of things is reported from "the South, where a further rise has taken ■ . place on account of the offerings being so : very small, all lines that are placed on .the - market being eagerly snapped up. Several of the Auckland firms who bought : some little' while ago are now being approached by the Southern millers for lines •'-,', that are being held on their account in the South, and which could easily be sold at a fair profit. "Fowl Wheat: It is still very difficult to , obtain any decent-sized lines, . and prices continue on their upward course. An advance of lid per bushel has taken place in the South since our last report. Local stocks are running very low. . . .' Milling Wheat :\Latest, advices to hand " from nearly all parts of the .world emphasise, the seriousness of the position on account of heavy storage, and although prices aro now very high there is every probability of a further rise. The bulk of the stocks in the South are in the hands ,°f speculators. ,' Flour: On account the extreme prices being demanded for y wheat, there is a likelihood of a further,rise taking place at no very distant date./ Bran: .There- is very little being offered, and the price is exceedingly firm. This is . accounted for by an export demand which has put the. price up in the South. Pollard is also firm, and local stocks are -.;■• very low.

Chaff is firmer, and the local market at Present is rather bare of stock, and there " a chance °* prices going up slightly, >x>mo prime lots are "coming forward, and are easily disposed of. ■ ' Australian Fodder: Tho Miowera only wrought a tniall shipment of 170 bales. ioero has been a smart advance in tho •pnee in Melbourne, but those merchants

who bought before the rise are now in a position to' sell at a fair profit, notwithstanding the extra duty chargeable, but it would almost pay them to resell in Melbourne in preference to bringing, it over to New Zealand. The demand here continues strong. _- ■--■'/'-■ . '' ■"'■'.'■ ... -.Fungus is # coming to hand in about the usual quantities, and the demand is as brisk as ever, with the price remaining the same.; : . -.<; '■■■..■

Flax: There isa fair amount arriving. Latest advices from London indicate that there is a steady demand for g.f.a.q., without any appreciable decline in values, but f.a.q. is difficult to dispose of at present, and prices have a lowering tendency. Common is also dull of sale. The quantity of g.f.a.q. coming forward forms a very small proportion of the deliveries, the bulk grading as f.a.q. and common. Tow is reaching here in fair quantity, and is not so eagerly disposed of, the Lon.don market being slightly depressed. .Timber: There'is very little alteration in tho" position - with regard to the kauri mills, which are kept extremely busy. Tho report that it is possible; to import from Melbourne dressed kauri timber at lower prices than the local merchants can supply at lacks foundation. In reference to this paragraph re kauri timber there must bo some misunderstanding.: ' The price the merchants are paying for the timber in Melbourne is such as to make it impossible for them to re-ship to New Zealand, and make a profit on the price quoted in the paragraph, viz.,'2Bs. Any logs that are shipped to Australia are met with a 3s per 100 ft Now Zealand export duty, and tho quantity exported during the last twelve months docs not reach beyond 100,000 ft. For the merchants to pay the 3s export duty, and a 3s 6d freight, together with a heavy landing charge, which, added to the original cost of .the log, and the 25 per cent, waste in converting the log into sawn boards, would not leave a margin sufficient to re-ship to New Zealand at 28s for the sawn boards. It is just possible that some mistake has been made, and the Dunedin carpenter has been supplied with Queensland pine, which is easily mistaken for New Zealand kauri. Tho local prices for kauri remain unaltered.

Tho white pine mills also report a very favourable state of things, there being no cessation in the orders coming to hand, and the demand for export to the United Kingdom is steadily increasing. t •Indian Tea: Our Calcutta correspondent informs us that recent advices from the various districts aro apparently generally unfavourable on account of the cold and wet, and the season, which at one time promised to be an early one, now appears to be about normal. First flush samples aro arriving slowly, but the quality seems to be fully up to the average. Ceylon Tea: The quantity offered at the Colombo auction on the 24th ult. totalled 1,576,2261b. Quality again showed a fallingoff, and there was a very limited quantity of fine tea, with the exception of one invoice. Leaf keeps fairly good, although there is a fair amount of red stalk about, while cup quality is generally uninteresting and lacks point. There is, however, not much to complain about as yet, and wo shall no doubt see a greater falling-off next month. This is already apparent in the teas up for sale next week. Demand for broken peScoes is very irregular, and quotations in many instances were two to three cents cheaper. Quality may be said to be responsible for two cents of this decline. Flavoury Pekoes and Orange Pekoes were fullv up to last week's ; rates, the demand by Russian and American buyers being too keen to permit of any drop. In leaf sorts demand continues steady at previous prices, but with large supplies during the last two months we shall doubtless see lower quotations here also. Broken Pekoes - from 40 to 44- cents are exceptionally good value at tho,moment, and should be well worth buying, as quality at this price is no doubt much better than it will be a month hence. Tea is said to be flushing freely, the weather up country being favourable.

, KAURI GUM. Only 565 tons have arrived up to the 28th ' inst., showing a very decided decrease on -the corresponding period of last May. ■ The market is without "■' any \ appreciable change, most classes and grades moving off at late rates. ' '

Pale select is just as eagerly sought-after,' but the supply is very limited-. •

Ordinary: Good re-scraped is in request, and the quantity coming to : hand is - not sufficient to - cope with the demand. Some lots that are not quite thoroughly re-scraped .are meeting with a good inquiry. '.* Superior three-quarter-scraped is not being offered freely, and: the' demand being strong late prices are ,■ freely maintained. Medium ordinary ' meets with a steady sale, without any alteration in value, and good washed nuts, if sieved/• command a ready sale. Chalk and swampy sorts move off- steadily.; ; 'East Coast is; not reaching hero in-large ; quantities,-and the demand'is' mere spread," consequently a firmer stand is being taken by the brokers. .

Black: There is a fair inquiry for rescraped," and bold lumps are also, wanted, but they must be sound and well' cleaned. Good, hard, steel, three-quarter-scraped, is in slightly better supply than the demand, but a moderate _ reduction in price would cause steady business to ensue. Mixed lots are more * difficult to dispose of, bub sugar and sieved nuts are in-request. Bush: There is a steady inquiry for good, pale, re-scraped, free from bled; other grades are not so easily disposed of. Bled is still neglected. Chips and Dust: There is not a strong demand for ordinary chips, but coarse dust is s salable. Black riddlings are not accumulating, and coarse dust continues to command a ready sale.

THE COMMERCIAL OUTLOOK IN ,'"' -GERMANY. - .'-'-'■■

"~f: ■ '■

Recently the New York Journal of Commerce interviewed Director Hans Schuster, of the Dresdner Bank of Berlin, who is paying a visit to America. In the course of the interview Herr Schuster had some interesting . things to say. "The situation in Germany," ho said, "is not at all alarming. ■ We have had great industrial prosperity—our coal, iron, steel, and other commodities have prospered greatly, wages have advanced, and money naturally has been dear in Germany, as elsewhere. . But America is in a more vulnerable position than Germany regarding credit. Continental countries know that they must depend almost wholly upon their own finances to carry on their business, and.: are thus careful not to go ahead too fast. America, on the other hand, always looks to foreign countries for financial aid, and relies upon outside assistance when : money becomes stringent. Then speculation has not been so rife in Germany. Our industrial shares, many of which sell at several hundred per cent., are mostly held by local investors on very generous margins indeed—say, 30 or 50 per cent. A reaction does not,' therefore, result in the selling out by bankers of these customers. In America wages fluctuate in harmony with general conditions, but in Germany wages move only one way—upward. There has never been any material decline in skilled labour, nor do I believe wages will be -reduced even should an industrial reaction set in, for the reason that products of all kinds, have steadily advanced in price, and manufacturers are able to pay more for labour. An industrial relapse this year, for instance, would not carry values below what they were several years ago, and though the . upward trend might be checked temporarily, I cannot see that a decline could take place. Germany, accordingly, does not suffer from one American danger." JAPAN'S FOREIGN TRADE. - The summary table of Japan's foreign trad© for January, issued by the Department of Finance in Tokyo, is of interest from the- fact that the total imports show a striking increase.. For some months past exports have shown an increase when compared with the same month of the previous year, but imports invariably recorded a drop. The burden of the war was responsible for the rise in exports to meet Japan's foreign indebtedness, and it would now seem that the imports have turned, and that Japan is beginning to recover from the drain on her resources. This assumption would seem to be justified by an increase of £540,719 in raw materials, in the total increase of £609,651 in - the total imports of £4,031,982. Raw cotton has grown £405,859, and sugar and rice in larger quantities have been imported. ; Total exports are £342,171 more than last January, the total exports amounting to £2,840,489. CUNARD PROSPERITY. ' - Tho Cunard Steamship Company is rapidly recovering its old-time prosperity. In 1904, it may be remembered, the gross profits fell short of net revenue charges, and to make the accounts balance the directors were obliged to take £75,000 from . the reserve fund, the payment of a dividend being, of course, out of the question. In 1905 profits revived considerably, and, while replacing £50,000 of the amount taken from reserve in the previous year, the directors were able to resume dividends on the share capital at the rate of 4 per cent. Last year a further improvement in profits took place, with the result that, while again transferring £50,000 to reserve, and making additions of £120,000 to insurance fund, the directors are able to raise the dividend rate from 4 to 5 per cent., ' and the carrying forward from £7285 to £54,411.,

AUCKLAND ! STOCK EXCHANGE. The' following are Tuesday'* closing price*, the sales effected beingTaupiri Coal, 19s; Auckland Tramways (ordinary), 24a 4d,-24s 3d; Waibi, £9 5» 6d, £9 6s, £9 5» 68; Talisman Consolidated, 33s 6d, 33s 3d; Waiotahi, 23s 6d; Waihi Extended, 5s lOd, 5s lid, 5s 9d, 5s 8d; Temple Bar (3d paid), 3d; Thames, 7d; Waitangi, 2a; Komat3 Reefs, Is Bd, Is 8d; Maharalmra Copper, lis 6d.

■ H. L. Noakes, Secretary; G. A. Buttle, Chairman. 3.15 p.m., May 28, 1907. ' CALL AND DIVIDEND LIST. Dividends. Talisman Consolidated • ... o*lo June 1 Waihi ... ... ... ...0 3 0* June 1 Waiotahi '•".-; ' ... ... ... ... — Jir«e 5 Mount Lyell M. and R. Co. 0 3 6 June 15 ; Calls, r --" ' ■ ■ ■ " -* " --. New Bunker's Hill, April 23 ... 0 0 1 Now Thames, May 13 ...... ...0 0 1 Now New Dart, May 13 ... ... 00 1 Now Old Kapanga, May 6 ■ ... 0 0 1 Now NEW ZEALAND LOAN AND MERCANTILE AGENCY COMPANY'S, Ltd., REPORT. . I - Horses: Owing to Friday being a public holiday ' we did not hold a sale at the Durham Yards on that day. '-:"'.;-,''. .■-■■'■:■ • On Wednesday we held a clearing sale of live and dead stock on account of Mr. Corbett Harris, ! Waiuku. ' There was a very large attendance and good prices ruled. The sheep, which were an especially good lot, sold at from £1 3s 6d, to £1 19s 6d for ewes, hoggets realising from £1 Is 6d to £1.23 6d; farm horses, £14 tc £25 ; cows, £3 10s to £7 ss. • On Saturday at the clearing sales at Mr. W. N. Bridgeman's ; and Mr. P. - E. Francis', notwithstanding the bad weather,, the attendance was. good'and 'satisfactory prices were realised. Cows sold at from £3 10s to £6 17s 6d;' farm horses, £10 10s to £18. Cattle:/ At the Newmarket Yards on Tuesday dairy and store stock were yarded in average numbers. Beef was penned in. full quantities and sold under good competition at last week's rates. Oxen sold to 22s per 1001b; cows, 17s to 20s per 1001b. Steers sold at from £6 10s to £12 2s 6d; cows, £3 10s to £8 ss; dairy cows, from £3.10 a to, £9; empty, cows, £1 15s to £3 2s; calves, 17s to £1 9s. A draft of 30 small, but extra well-fatted, steers from Mr. F. W. Manning, jun., Otau, sold at from £7 15s to £12 2s 6d, averaging £10. : Sheep: At Newmarket on Tuesday sheep were yarded in average quantities and sold .at late improved rates, wethers selling at from £1 to £1 3s 9d, ewes 18s 3d to . £1 2s, hoggets 12s 6d to 18s 3d. ' : Pigs: PorkerH sold ;at from £1 Is to £1 123", ' weaners, 2s to lis 3d; baconers, £1 18s to £2 15s. We 'submitted a large catalogue of hides, skins, and tallow on Tuesday, all lines being sold under good competition. Hides: Alarket firm. We quote— stout ox, 7id to 8d; stout do., 6id to 7d; medium do., 5Jd to 6£d; light do., sid"to s|d; cow, best lines sid to sgd, good s£d to 5;Jd; kips, sgd to sgd ; calfskins, 6Jd to 6id; stags', 3Jd to 4d. • ■ Sheepskins: Market firm, j Best butchers' skins, large 4s 8d to 5s 3d, medium 4s to 4e sd, small 3s ; 6d to 3s 9d. l • Tallow: Market firm. Best mixed, up to 275; good, 24s to 25s 6d: inferior, 22s 6d to 23s 3d; rough fat, ljd per lb. ;.., Bones, £4 15s. , Cowtails, Is 8d per dozen. Horsehair, Is 3d to Is 7d per lb. Maize is nominally worth 3s 5d ex store. : * Oats are worth 3s 2d ex store. Wheat is selling freely at 4s Id ex store. Chaff: Compressed fodder, £5 10s; Australian, £6; Southern, £6 10s. 'Butter: Milling. 7Jd; fanners' separator, prime, Bid to ,Bid: good, 7jd to 7ad. Cheese: The market has advanced somewhat in the South, and local has increased to sijd, with a further tendency to rise. Fungus is worth 5Jd. Kauri gum: Demand continues good for all grades, the poorer qualities receiving better attention and selling at 18? for W.S. and 25s for W.N. sifted, 35s for streaky white scraped and 45s for good streaky white when well cleaned. .WAIKATO STOCK SALES. The New Zealand Loan and Mercantile Agency Company, Limited, Hamilton, reports / On the 21st inst., at Ohaupo, we held our annual sale of cattle and sh)eep for turnip stocking. Over 1000 cattle of all classes and 2600 sheep and lambs were yarded. A large number of buyers attended from Te Puke, Te' Kuiti, Matamata, Hikutaia, and all parts of the Waikato, and we report a successful sale. Steers of all classes were required, .especially grown steers in forward condition, every pen of this class selling readily at the hammer. Store cows were dull of sale, and several "pens were reserved. Forward steers realised from £6 15s to £7 9s; fresh three-year-old steers, £5 2s 6d to £5 4s; three and a-half and four-year-old bullocks, in low condition. £4 5s to £4 16s; two and a-half year steers, £3 15s to £4 10s ; ■ two-vear-old steers, £3 to £3 7s; 15 and .18 month steers, £2 8s tc £2 19s;.store cow?, £1 5s to £2; fresh cows and heifers, £2 5s to £2 17s 6d; strong good calves, £1 Is to £1 4s; others, 12s 6d to 16s. Heavy fat cows, £6 2s 6d to £6 15s; fat heifers, £4 103 to £5 ss; three and four-year-old bulls, £2 15s to £4; dairy cows and heifers, near calving, £4 to £5 10s. The sheep elicited keen competition and all sold at the hammer or afterwards, excepting a few pens of lambs. Fat and forward wethers realised 16a 6d to 19s 6d ; two-tooth wethers, 14s 9d to 15s 6d : full-mouthed ewes, in lamb, 15s to 16s 9d: good woollv lambs, lis 6d to 12s 9d; shorn lambs,- 9s 6d to" 10s 3d. We sold privately 100 ewes in lamb at 18p 6d. On the 23rd inst., at Te Awamutu, we held a clearing sale on account of Mr. J. Bell. - A large attendance of settlers from- the neighbourhood competed largely for the dairy cows, furniture, implements, etc., and we report a most successful sale. Most of the dairy cows realised from £7 to £8 ss; aged cows, £2 10s to £4; empty heifers. £2 10s; choice two-year-old dairy heifers, in calf and. empty, £3 to £3 10s; choice heifer calves, £1 15s; aged draught horses, £8 to £13 10s; sow and litter, £4; empty sows. £2. The farm implements, furniture, and sundries _a.ll realised good value. Eating potatoes, 14s 6d to 15a per bag; seed potatoes, 9s 6d to 13s. On Wednesday last we held a sale of live and dead stock at Harnpepe on account of Mr. J. H. Thompson. A" large number of settlers from the neighbourhood attended and the sale went off successfully. The dairy cows realised from £3 5s to £5 10s"; forward heifers and young cows, £2 5* to £2 17s 6d; yearling to 18 month cattle. i>l Bs* calves, 19s; aged medium draughts, £13 10* to'£'l6 15s: two-year-old flllv. £16 10s; pony, £3:" buggy, £10: piano, £20. The furniture and implements sold -at usual prices. Stock of oaten sheaves, £11 10s. - •

• Sellers. Buyers. "' £ B. d. • £ s. d. BANKS— New Zealand ... ... 10 10 0 10 5 0 National ... ... — 5 10 0 — .INSURANCE— New Zealand ... - 4 10 0 4 8 6 National ...... 17 6 16 9 South British ... 5 8 0 5 4 6 FINANCIAL— . N.Z. and River Plate ... 1 9 6 19 0 COAL— . ,.*:'; • Hikurangi ... — .0 16 0 Nort. Coal, Ltd.. 10s paid 0 16 6 - Taupiri Mines, Ltd. 0 19 9 0 18 9 . VVftitport ... ... — — V « 0 GAS— Auckland ..... ... 14 17 0 14 15 0 Gisborne • ... ... • — 2 15 6 SHIPPING— ' ; Northern, paid up ... 0 17 9 — Devonport Steam Ferry... 1 16 0 1 14 3 TIMBER— Kauri, paid up .... ... 12 6 13 Kauri, contributing .080 0 7 10 Leyland-O'Bricn, Ltd. ... 2 5 J 2 4 0 Mountain Rimu, Ltd. .. — , 110 Parker-Lamb, Ltd. ... 16 0 — MISCELLANEOUS— Auckland Tramways Co.. pref. ... ... ... 1 3 3 13 0 Auckland Tramways, ord. 14 4 14 3 D.S.C., Limited ... ... 0 6 4 0 6 0 ; Hill and Plummet-, Ltd... 12 0 — Milne and Choyce, pref... 15 0 — N.Z. Portland Cement 1 16 0 — N.Z. Paper Mills, ex div. 14 9 — Tonson Garlick, Ltd. ...110 — Union Oil ... ... 1 0 6 — . Wiseman and Sons, pref... 110 — Wilson and < Co., prei. ... — 18 0 Wilson and Co., ord. ... — 16 6 Wilson and Co., new is-' sue, preference — 0 3 0 MINING— Bonanza, paid ... ... 0 0 5 — Bonanza, contributing ... 0 0 5 . — Halcyon, con. ... ... 0 0 2 —• Kuranui .....;... 0 0 9 — Kurauui-Caledonian ... 0 1 4 0 10 Magnet, contributing ... 0 0 3 ' : — May Queen Extended ... 0 0 9 ,» — New Dart ... ... ... 0 0 7| 0 0 5 New May Queen ... ... 0 2 11 0 2 7 New Moanataiari ... ... 0 0 8 0 0 5 New Monowai 0 0 9 0 0 6 New Saxon ... • 0 0 10 . 0 ,0,8 New' Svlvia ... ... 0 0 5 0 0 3 Old Alburnia ....... 0 16 0 13 Southern Queen 0 0 5 — Temple Bar, 3d paid ... 0 0 4£ ■ 0 0 2J Thames .;. 0 0 9 0 0.6, Victoria ... ... ... 0 0 10 0 0 8 Waiotahi ...139. 13 .'3 Waitangi ... 0 2 4 — Watchman ... ... 0 0 4 0 0 3 Bunker's Hill ... ... 0.0 10 0 0 8 Hauraki Freehold ... 0 0 5 0 0 2 Kapowai, contributing ... 0 0 9 — j Old Hauraki ... ... 0 0 11 0 0 6, Old Kapanga ...... 0 0 9 0 0 6 ' South Kapanga ... ... 0 0 4£ 0 0 2 Champion, paid up' ... 0 2 6 — Champion, con. ...' .... — 0 0 11 , Crown' ... 0 7 0 0 6 9 ' Golden Belt, paid ... 0 1 0 — . Kirikiri, contributing ... 0 OR — Komata Reefs ' 0 18 0 17 New Waitekauri ... . ... 0 0 8 0 0 5J Pride of Waihi ... 0 0 9 — Rising Sun ... ... ... 0 0 7£ 0 0 7 ■ Tairua Broken Hills ... 0 4 0 . 0 3 9 Talisman Consolidated ... 1 13 6 1 13 0 Waihi ... . ... ... ;.. 9 5 6 9 4 6 Waihi Beach ... ... , 0 0 9 — Waihi Consolidated ... 0 17 0 15 Waihi Extended ... ... 0 5 10 0 5 7 Waihi Grand Junction ... 2 3 0 2 0 0 . Comstoek United ... ' ... 0 0 6 0 0 2£ Sunbeam Gold and Silver, Is 6d paid .:■■'■ ... ... 0 0 9 — Ngatiawa ... ... ... 0 14 0 0 9 Maharahara Copper Mines 0 13 6 0 11 3