COMMERCIAL.

New Zealand Herald, Volume XLV, Issue 13683, 26 February 1908, Page 5

COMMERCIAL.

" ' ■ /. {Che sharemarkot was quiet again yester- ' : ' day. Taupiri Coal Mines. sold at 21s and 2is 2d, with further jselierß at.219 3d, buyers 20s 6d. Kauri Timbers (contributing) were ! clone at 10s Id and 10a.3d, n/ore being offered at the latter'rate, with buyers at 10s Id. tf.Z. Insurances had seller/ at 77s and buy* '%■■■■ ers at 75s 6r.1. In mining lines there were free sales in Waihis at/fluctuating prices, '~ business being done at /torn £9 Is to £9 4s ;: to £9 2s 6d, with late filers at £9 2a 9d and I buyers at £9 2s 6<l. Talismans Were a shade ; firmer, selling at 51s/M, 525, and 52s 3d (ex •Jiv, paid yesterday),' Sellers closed at 52s 6d and buyers at 52/ 3d. Halcyons changed hands at s<», May Queens at 2s, New Sylvias at Is 3d," Victorias at Is Id, W&itangis at 2a 6d, Karangiihakcs at Is 2d, Taihoas at sd, Tairua Broken Hills at 3s lid, Waihi Extended* afc,*B 4d, and Silver Hills at 6<J. The very dry weather experienced during the past few .months is having an effect on the- volume/of orders received by the wholesale distributing merchants from the "country districts, but business from the town and suburb* is fair satisfactory. At th« present moment the various metal market* do not «how tho stability which would indicate, a return to normal conditions in the world's big commercial centres, • although the, feeling is held in wellinformed quarters that a recovery cannot now be far distant. Most of the retail establishments are finding business fairly brisk, and preparations aro now being made for tba U'Uial displays of autumn and winter goods. Canary Seed: The. forward market is fractionally easier, but spot parcels are in request at good prices. Curra-.ts: Tho market seems to be fairly sale fov- operating at present moment, and any* move will probably be upward, stocks | in first hands being rapidly diminishing. J Hemp Seed; Very little is he'", locally, with forward market unchanged. Gum Arabic: Tho market remains strong, an.l it is "very improbable that any easier figures can come through before the new crop is marketed.. ... Pimento: Fractionally easier for forward shipment, v, ci'a spot holdings meeting with good de»&P.Si:i. Salmon: A very good opinion is held of tho future, and there is no doubtjthat the local market will have to respond to tho present world';-, values. Salt Salmon: Recent arrivals went quickly into consumption at enhanced rates. Turpentine: The market is steady, and price will probably go higher shortly. Shellac: Tendency is upwards. . .." Resin: The market remains steady, but notification of an advanco would not como as a surprise. ■■■ Cream of Tartar: The forward market already shows signs of strength, and it is felt that the recent low quotation did not actually represent tho commercial, value of the commodity. ■.-.-'•, -■ Codfish: Spot holdings are being rapidly depleted, and nothing further can arrive to replenish, except at prohibitive figures. Mattress Fibre: Price is low, and on the basis'of late quotations would seem to be . good, buying. '.....-'• . Cornflour: It is felt that price of standard brands will have to go higher. Dates:' In good request locally.; cartons aro rather short in supply. ,' Hides: The market continues to be well supplied, and prices remain firm, .the advance in cow hides being fully maintained at last week's sale. Faujty hides continue hard to place. :; Sheepskins: No new feature to report, all coming forward being quitted at late rates. ■ Tallow: Prices continue very firm, under good, competition, with 1 an occasional. ad- . vance of 3d per.cwfc. Maize: The Ngatiawa brought 270 sacks, the Waiotahi 66 sacks, and the Mangapapa -t«63 sacks. These arrived to a somewhat . baro market, and price remains unchanged. Potatoes: The Zealandia from Sydney brought no shipment; the Victoria from Southern ports carried 133 sacks. Offerings from the South are very light, and the price in Tasmania has advanced. Local potatoes are in very short supply, and altogether the market is barely, stocked. The' price is £9 ex store. .- Onions: Stocks are very light. The Southerns are ripe enough now to. ship, and in all probability next, week supplies will bo drawn from: there. Price remains at £8 ex store., .- . "■■ ,; : } Oats:, The Wanaka arrived to ft per- ,. A'cily bare .market, but unfortunately on WJeoufit of the rush, in shipping matters she is discharging very slowly, and ' merchants "' ara in tho awkward position of having oats ill Auckland without being-available. ; The market is firm; at 2s 9d ex ship. The Southern crop is pretty nearly ripe, but deliveries' from there will not be genera! until the end of next month. ~ i ( Chaff: Transactions are still being made in Southern, and there has been a considerable quantity of this bought. Local growers 1 are ; unwilling to accept price offered. . Brail:. Notwithstanding the arrivals by '■*•' • the Wanaka, the market is still bare of stocks, and price remains the same, viz., :■•'•, .£6 10a ex store. ; '.'.

, .Pollard: Shipments, arriving by'Wanaka -went straight into consumption, leaving the- -, i' market again bare. •.Price.is still £7 15s ex store. -' -■ ---- Rice Meal: A small supply only arrived by the Zealandia, and went direct into the. hands of consumers. The market is -.again- without stock, price remaining at £5 5s ex store. • Fowl Wheat: The Wanaka has a moderate shipment on board. The demand •is fair and no change in price. '. , Fungus: Very little of this is arriving; demand is poor, and price remains unaltered. ■ . > . ;.:•■; ,- Flax: Deliveries to date are 655 tons. Since last report the London market has ahown a further decline of from 10s to 20s I a' ton. .<•.'■ ••.■'•■'•"■■■ i 1 Tow for . export is now worth about ■. £(. 1 , Jo £4- 5s >. ton. '•' '';" j ; .;.* Indian Tea: At the Calcutta tea sale, No. I 33, offerings totalled about 16,000 packages, and a largo proportion, of these consisted of red stalky kinds and "odds and ends" to finish the season. It is usual to find in .". the catalogues during ; the closing sales a certain quantity of unsightly parcels that aro barely worthy the name of tea; but they are considerably more numerous this year than in, previous times. Demand rfc.o o'l much fciw same lie-as ns pro.TioJ.i3 , week. .■£«'! leaf "and stalky teas w<ao difficult to sell, except st.low jiuotetions, cird common generally did not realists the 'prices rur'/.g at the opening sales of the yeaf. Black leaf Pekoes, however, which were very scarce, fetched extreme rates for. the Bombay market. Ceylon Tea: The Colombo'offering* last week w«re on a more moderate scale, 1,275,62Pb lx;iiifc auctioned. Quality, though, wn;j , most disappointing., mozi'iy \ consisting of : " medium to common ' icrfe, (.hero being practically r.o fine tea In the' 3ts'e. There wag an improved demand for j ■: c}»v;isper kinds* and common broken Pekoes, ! > liVt wo eta nardly quote higher prices, ex- ; Cf-jst for Pekoes, whicn were in strong demand, by R\'S«ian buyers, and prices were I 1 to ?, . cents clearer. For better din?" j , ■ L-irokens, between 45 to 55 tents, demand ,! vis irregular, and here and there a lower quotation is made for thin* liquoring sort?. ' Brokens from 42 v? 45 tents at.*> stead;?, and good vrjuo is obtainable si the price. I/onJoa market is cabled very steady, and as supplies are now slackening off we leak lot stronger inquiry, vv;' .vat™ GUM. ■ . Tl.- * cm'tis lb- «.\« 25,. day* of,F- 1 ;n.,..-y &mpu«i i.<- V>\ '<;;.'< :-i:Cminz ia increase of 141 ton's for me "period of last month. The mar' . I remains exceedingly' quiet, and tho file' of stocks coming .to hand mor.j . ..freely -..il tend rather to weaken prices. t Trie .mount" of bu: "S now being done is V.' extremely small. _ . J . PaJa select cont:..aes'to como to hand in ':■■ rer.v small quantities, but there is no desiund'iot this 'las*. ' , Ordinary Stocks of re-scraped are not at all heavy; a few sales have taken placo of really well-cleaned lots. Three-quarter* , scraped ordinary is meeting with very slow sale, and the few buyers who ai'R operating expect to get their - requirements at, ■ [-, still further reduced prices. Medium sorts and good washed *nuts have been, asked for a little, . but prices offered am extremely low. Chalk and swampy lets are quite neglected. '"'.,'' East Coast is coming ''to hand in but very moderate quantities. The demand is not keen, and the tendency is for lower !'• 'prices. Black A little good re-scraped ha 3 changed bands at fair prices. There has also been a slight inquiry for well-cleaned • ."• No. 1 black. Medium blacks and sugar are very difficult' to quit. Black nuts, if hard and free from dust, still meet with fair "'-:.' «de, r . .-.'• , .Bush: All grades of ■ bush, gum at tno. present timo are quite neglected, tho same remark applying to bled gum. _ . Chips and Dust:; Re-scraped bright chips only come to hand in small quantities, and fX demand is slack. Ordinary and diggers chips were inquired for at end of last week, I but prices offered were too- low for business . ' to eventuate. The demand for black ohjps, : black seeds, and dust lately existing ha» ■ now practically ceased,'

lit

AUCKLAND STOCK EXCHANGE. BUSINESS DONE YESTERDAY. Previous day's r ' ' - : ■•'■•'■■: .:--. closing sales. Taupiri Cos' Mines—2nd call, 21», 21s 2d , — Kauri Timber (con.)—2nd call, 10a Id, • ! 10» 3d ; 3rd call, 10s 3d .~ — 't? Halcyon— call, •5d '■ \... ■ .*, ... ".•—:" May Queen--3rd call, 2» .... — New,' Sylvia— call, Is .3d .... 014 Victotia—3rd call, '1« Id ... ... — Waitangi— call,'"- bd ... ... — Karangahake—3rd in.; Is 2d ■-...— Taihoa—3rd call, 5d ... ... ... 0 0-5 Tairua Broken Hl''s~ 'tad call, 3a lid ... ,— Talisman (ex div.}--3rd call, 51b 9d, 525, 52s 3d ... ... ... ... ... 212 9 (cum. div.) Waihl—2nd call, £9 In, £9 Is 6d, £9 2s, £9 2n 6d, £9 2a 9d. : £9 3s, £9 3s 3d, £9:3 a 6d; 3rd call, £9 4», £3 3s, £9 2a 6d ... ... 9 16 Waihi Extended—2nd call, 4s 4d . ... 0 4 6 Silver Hills— call, 6d .... ... 0 0 6

! REVIEW OF. THE FROZEN MEAT I TRADE IN 1907. j. Messrs. W. Weddel and Co., in their review of the frozen meat trade during .1907,observe: "A remarkable feature was the very great increase in the consumption of lambs at relatively high prices, owing, in a large measure, to the prosperity of the industrial classes, which was a result of the activity of trade, generally, throughout the United Kingdom. This- was accompanied by a sluggish demand for mutton. It is noteworthy that the quantity of frozen meat actually passing through Smithfield market is declining, while tho provincial markets are " obtaining more of their supplies direct, and these markets have been relatively more active Shan London. The demand was sufficient to absorb, at fairly full prices, the increase of 36,8&'. tons of frozen meat imported. It i-; exceedingly doubtful if the past year was a prosperous one to any engaged in the trade, except the grower," Messrs. Weddel proceed. "Live stock was dear in all tho countries of, production, and left but Httk) margin for the freezing companies to work upon, while market prices were generally too high to.leave retailers in the United - Kingdom more than a'very bare margin of profit.' 1 Dealing, next with the MipTiiiii of froaen' meat,' Messrs. Weddel n<>h chat the featuro of last year's supply w*..; undoubtedly the enormous increase in arrive!;: <.'. irr.Von. The import from all sources totalled no than 5,801 ? 535 carcase. Tho increase from Australia alone .mounted 'o col : **fS carcases, New Zealand delivered 211, V'r> carcases in excess of 1906, and lh»? River Plate 88,953 carcases more than last year. The increase in arrival of i&>nbi,. was "much marked, but did nob quit© tqnal tho ii.-.?eu ■> in mutton. Australian importations rose :y nearly a-quarter of a million carcases tc 397,554- carcases; New Zealand receipts i. ailed 2,824,332 carcases, or 4-37,rsases »aoro than in 1906. Both tlifc Australian an-; New Zealand imports constitute new .-eco;d3. River Plate supplies rust exct. -ded those of last year. Arrival aggregated 4,348,992 carcases from all quarters. The remarkable increases in arrivals of frozen mutton and lamb entirely overshadowed all former records, both as regards - ■•>.« of expansion and tho total received. _ In all 10,150,527 carcases were delivered in 1907, As some assistance to appreciating the- present importanco of this branch of the trade, it may bo mentioned that this total equals one-third of the total number of sheep and lambs in the United Kingdom at June 4- this 30,012,267. ■'The prices at Smithfield market were relatively steady right through the year. Nevertheless, the average top prices at Smithfield were, with the exception of Australian and River Plate mutton, invariably above those of 1906. The rise amounted to no less than |d per lb in New Zealand lambs, Id per ib in Australian lambs. New Zealand mutton was per lb dearer than in 1906, and prices of beef, both fore and hind quarters, were fully £d higher. Tho quality of North Island mutton usually gave complete satisfaction, and tho grading of the best brands compared favourably with tho grading of Canterbury parcels, which sometimes lacked care. North Island sheep realised prices which were frequently close up to those for Canterburys, but the margin between North Island and Australian and River Plate sheep was, as a rule, unusually wide. New Zealand ewes now being excluded from army contracts lost one of their most remunerative outlets, and were only salable at relatively lower rates than in previous years. To meet the increasing demand for boned beef, considerable shipments of. that description were made from both Australia and New Zealand, and realised on average about to 3id per lb, though slightly dearer than that in time of scarcity." .-,'>' '■ - ■ Concluding with a few remarks on the prospects for tho . current ~year, Messrs.. ■'Weddel-write that the general trade of tho

United -Kingdom" is less satisfactory ' than a year ago, and prospects point to the possibility of a reduction in < the demand ' for meat from home consumers. The demand for frozen meat from, such "markets as tho Mediterranean,' Philippines, Eastern Siberia, etc., should be fully maintained next year, but the- Cape requirements may show; further shrinkage. The probabilities are small of any : large new outlets, • such as those of the Continent, , being .opened to frozen meat during 1908. No expansion- in home supplies of beef or mutton is likely to take place, and it is problematical whether North America will bo able more than to maintain its present reduced exportations. From Australia, New Zealand, and the River Plato all round increases may be expected. The average prices of mutton, lamb, and beef should about equal those of the past year. ;' ' COLONIAL TRADE EXPANSION. [from OUR OWN CORRESPONDENT.] London, January 17. An important step has just been taken by the Manufacturers' Association of Great Britain in regard to the development of trade with the colonies. In view of the altered condition of the markets in Australia, New Zealand, and Canada, through the adoption by those countries of new Customs tariffs and the passing of local measures for the encouragement of industry, tho association has decided to despatch a commercial mission to inquire into the trade position and prospects of those countries and to report duly upon them. The commissioner appointed to undertake the inquiry is Mr. Ben. H. Morgan.who reported in a similar capacity on the trade of South Africa some time ago. The commissioner has been authorised to report on the extent and possibilities of the market with a view (a), to increasing export trade; (b) to establishing branch factories behind tho tariffs; the extent and condition of local industries; the nature and extent of foreign competition; transport services, with special reference to shipping "rings" and "conferences;" tho operation of local tariffs, and probable effects of preferences. It is understood that Mr. Morgan will also make representations direct to the Australian Government with a view to securing further reductions on various items of the tariff and increased preferences ?in favour of British manufacturers before tho Bill receives the approval of the Senate, and he will also discuss with representatives of the various Governments a number of questions, such as methods of assessing and collecting Customs duties, the fiscal treatment of catalogues of British manufacturers, the extent of encouragement that will be given to British manufacturers establishing branch factories, and many other matters a clear understanding of which will greatly facilitate ; trade within the Empire. Mr. Morgan, who is the secretary of the Manufacturers' is a well-known expert on commercial questions, and tor nis work in South Africa ho was highly complimented by Mr. Chamberlain and Mr Balfour, then Colonial Secretary and Prime Minister respectively. . NEW ZEALAND TRADE. [FROM our OWN correspondent.]London, January 17. The Tariff Commission published yesterday a memorandum dealing with the new tariff of New Zealand. In the Blue Book, which was issued on the Bth inst., the Advisory Committee of the British Board of Trade on commercial intelligence reported upon the condition and prospects ot British trade in New Zealand, but only dealt with the effects upon that trade of the new tariff, and especially ot the new preference schedules. In the laritt Commission's new memorandum a, detailed analysis is 'made of each group of New Zealand imports, showing the incidence of the old and new duties, and the existing and prospective areas of preference. The general course of- New Zealand trade was shown in the Blue Book, but that information is supplemented in the' memorandum by giving the imports by countries. The table shows that British manufacturers supply about two-thirds of tho total imports of New Zealand, and this proportion is now several joints less than in the early nineties. Thus"' in the , five years ending 1894, 65 per cent, of the imports came from the United Kingdom; in. the five years ending 1906 the United Kingdom percentage was 60. From' the rest of the Empire (chiefly Australia) the percentage »f imports in the same periods has fallen from 26 to 24. The foreign share has increased in the same periods from 9 to 16 per cent. In considering the figures it is necessary to remember that they indicate only the countries from Which the goods were consigned, and not the countries of actual origin, and there arc no New Zealand figures to make good this deficiency. ', Thus German goods, which are consigned to New Zealand by British merchants, would in most cases be returned as -British goods. The _ certificates or origin which aro demanded in order to entitle goods to the British preferential, rates should ultimately throw some light upon the extent of this warehousing trade, but that can only be when the returns are made to show thei'. actual countries of origin. Comparing the years 1890-94 with 1902-6 tho growth of foreign trade with New Zealand has been as follows: —Germany, increase from £69,000 to £282,000; Janan, increase from £11,000 to £81,000; Belgium, increase from £9000 to £107,000; United States, increase from £374,000 to £1,427,000. The memorandum devotes many pages to a discussion of the new tariff of New Zealand. " The New Zealand preference differs, ifc says, from that of Canada and Australia, in that it is extended to all British dominions, and that in some groups, such as clothing and musical instruments, there are items upon which the duties against foreign countries are the same as those against British possessions. Tho' concluding portion of the memorandum, before the appendices containing the tables, is devoted to quotations from speeches of Sir Jc»eph Ward, at the Imperial Conference last year. " What," asked Sir Joseph, in the course of his speech, " is the cause of the diminution of trade from Britain to Australia and New Zealand? _ My answer is, it has gone to other countries, and England under preference, ought to have the lot."

"YANKEE" MEAT TRUST. [fbom our own correspondent.] London, January 17. A couple of months ago I alluded to the fact that Messrs. Swifts, the well-known American meat house, had acquired big interests in the Argentine, and that Morris' and Armours' were following suit; further, that there was alarm at Smithfield lest this should mean nothing short of a Yankee meat trust at this market. During the meeting of the Court of Common Council, yesterday, a resolution from tho wardmote of Aldersgato was submitted as follows:—"That this wardmote regret to learn that tho trade of the Central Meat Market is gradually getting into the hands of the, meat trust, to the detriment of the consumer, and calls upon the corporation, as the market authority, to safeguard the interests of consumers.": Mr. Cooper declared that there would not be an ounce of British produce in the markets in a few years. The Americans would get _ tho markets in their own hands, and manipulate them for their own purposes. After discussion, the resolution was referred to tho Finance Committee. NEW ZEALAND LOAN AND MERCANTILE AGENCY CO. S REPORT. On Friday, at the Durham Yards, horses were yarded in lata than usual numbers, and, with tho exception of anything good, were hard, to quit. Draughts made £24 10s to £32 (no heavy yarded); medium do., £18 5s to £26 10s; hacks and light harness horses, £8 10s to £18 10s; weeds, £1 15s to £5 ss. A set of double harness realised £9; spring-cart, £12 10s. At Pukekohe on Thursday we held! a special sale of horses, when scarcely the advertised number came forward. There was a good attendance. Unbroken medium draughts realised £20 10s to £35; light horses, £13 15s to £23; hacks, £5 5s to £13 15s; broken medium draughts, £26 to £44; light harness do., £12 to £21; hacks, £7 10s to £18; cobs, £6 10s to £12 ss; weeds, £1 15s to £5 ss. There was a very full' yarding of stock of all descriptions on Tuesday at the Newmarket Yards. Dairy cows sold at from £4 10s to £8 2s 6d; empty do., £1 18s to £2 12s 6d;, calves, 18u to £1 14b. Beef was yarded in large numbers, but competition was not so brisk as-last week. Oxen sold to 21a per 1001b; cows, 17s to 19s. Steers sold at from £5 17s 6d' to £9 12s 6d; cows, £3 5s to £6 15s (no heavy weights yarded). Bheep: The Newmarket Yards were completely filled on Tuesday and showed a decline in prices from 3* to 4s. Wethers sold at from 123 to 16s 9d; ewes, 10s to 15s 9d; lambs, 8s 3d to 15s. We submitted an average catalogue of hides, skins, and tallow, all lines being sold under good competition. Hides : Market advanced for cows' and all goodconditioned ox. We quote— stout ox, 7d to 7id; stout do., 6|d to 6Jd; medium do., 5Jd to sj;d; light do., 4Jd to bid ; cows', best lines 4id to 4jjd, good 4|d to 4gd, scored and cut 3|d to 4d; stags', 2id to 3d; calfskins, 4d to sd. i Sheepskins: Market firm. Best • butchers', lambs' and pelts Is 6d to Is fid, others Is to Is 4d. Tallow: Market firm. Best mixed, up to 265; good, 23s 6d to 24s 6d; inferior, 20s to 22s 6d; rough fat, ljd per lb. Cowtails, Is 8d per dozen. Bones, £4 15s. '» Horsehair, la to Is 7d. Maize is going off very slowly at 4s 6d ex store for wholesale lines." Wheat has eased back to 5s Id for wholesale lines. Oats aro worth 2s 9d delivered from the wharf. Butter: First grade sold at Is: second grade, fllid; milling, lid. . Cheeso is selling at s£d. , Fungus is selling at 4Jd. •-'■

', DUNEDIN STOCK EXCHANGE. - [BY TELEGRAPH.— ASSOCIATION.] DDNOTtN, Tuesday. ; The following Stock Exchange sale is reported:— Bed, 13s. CHEISTCHUKCH WOOL. SALES. [BV TELEGRAPH. —PBE3S ASSOCIATION.] OHP.ISTCHCKCH, Tuesday. •The fifth .and last of this * e * toa l*¥£l of local wool sales was held to-day. when.2o2o bales were offered. There was a small attendance of buyers, nearly all of whom were local men For the few lota of merino and lor any gooa nairbreda there was fair competition, up to a, certain limit, but; in the case of the l.aff-breds prices were much below the level of the previous sale. For crosshreds, and especially for inferior from, there was an improved demand at rather oetter prices than those obtained at the previous sale. A considerable proportion of the nun iota was passed in, but the star lots were more onsfciy competed for by the local fellmonjers, and were mostly sold. The range of prices was:—Medium merino, 8d to 9*d; inferior, 6id to 7Jd. Medium half-bred, 8d to 9id; inferior, 6Jd to 7Jd', three-quarter-bred, 4Jd to 6Jd; medium crossbred, 6d to 7Jd; inferior, 4Jd to 5Jd ; r>own wool, 7d to 8d; longwool, 4id to 6|d; lambs'wool, 2d to od; merino pieces, bid to 7d; half-bred pieces, 5d to 6Jd'j crossbred pieces, 2Jd to 4Jd; locks, lid to 4d.

CLOSING QUOTATIONS. Sellers. Buyers. £ «. d. £ s. d. BANKS— ' New Zealand 9 16 & 9 14 0 National ... 5 9 0 5 3 0 Union of Australia ... — 61 10 0 INSURANCE— New Zealand ■ ... ... 3 17 0 3 15 6 National ... 19 0 — South British new shares 2 16 0 2 13 6 Standard ... 13 6 — FINANCIAL— N.Z. and River Plate ...' 1 11 0 1 10 3 COAL— Hikurangi — 0 16 6 Nort. Coal, 10* paid ... 0 16 3 0 16 0 TaupirL Mines, Ltd. ... 1 1 3 10 6 Westport .... 7 10 0 — Drury, pref. 13 0 — GAS— Auckland 14 7 6 14 4 0 Thames , ... 1 18 6 — Birkenhead ... ... 1 5 0 13 0 SHIPPING— Union S.S. — 1 13 6 Northern, paid up ... 0 17 0 — Northern, eon. ... ... 0 8 0 — Devonport Steam Ferry... 1 11 6 1 10 9 TIMBER— Kauri, paid up ... ... 1 5 6 14 6 , Kauri, eon. ... ... 0 10 3 0 10 1 Leyland-O'Brien, Ltd. ... 2 5 0 — Mountain Rimu, Ltd. ... 14 0 — MISCELLANEOUS— Auckland Tramways, pref. 15 0 14 0 Auckland Tramways, ord. 1 4 10 14b ,. D.S.C., Limited ... ... 0 5 6 0 5 0 Hill and Fiummer. Ltd. 110 — H.M. Arcade Theatre Co., pref. ... 10 6 0 19 0 . N.Z. Portland Cement Co. 1 12 0 — New Zealand Paper Mills 14 3 — Tonson GarlickCo., Ltd. - 0 19 6 — . Union Oil .. — 110 Wiseman and Sons, pref. 10 0 0 18 0 Wiseman and - Sons, ord. 0 13 0 0 12. 6 Wilson's Portland Cement Co., pref. — 2 4 6 Wilson"* Portland Cement Co., ord. 2 4 0 2 2 6 MINING— Bonanza, con. 0 0 4J — Halcyon 0 0 6" 0 0 5 Kuranui .009 007 Kuranui-Caledonian ... 0 0 11 0 0 10 Magnet, con. ...... 0 0 4 — May Queen ... ... 0 2 0 0 1 11 May Queen Extended ... 0 0 6 — New Dart, paid 0 "0 6 0 0 3 New Moanataiari ... ... 0 0 64 — i New Monowai 0 0 5. — New Una ... — 0 0 3 New Sylvia ' 0 14 0 12 Old Alburnia 0 13 0 0 10£ Saxon ... 0 0 8.!, 0 0 7 Scandinavian . 0 0? 005 Thames ■.. ... ... 0 14 0 12 Victoria 0 12 0 11 Waiotahi ... ... ... 0 3 3 0 3 1 Wnttahgi ., 0 2 7 0 2 5 Watchman ... 0 0 8 0 0 6' 1 Hauraki Freehold .. 0 0 74 0 0 5' Kapowai, con. ... ... 0 0 6 0 0 2; Old Hauraki Gold Mines 0 2 5 0 2-2 Old Kapanga ...... 0 0 4 0 0 2£ South Kapanga ... ... 0 0 Li \ 0 0 1 Tangiaro ...0 0 7 0 0 4 Tokatea ... 0 0 5 0 0 3 Auckland ... — 0 0 3 Comstock, • eon. ... ... 0 0 7 — Champion, paid up ... 0 5 3 0 4 8 '- Champion, con. 0 4 3 0 3 9 Crown .... ... ... 0 7 2 0 7 1 Durbar- .. ... ... 0 0 4 — Golden Belt ... ...- 0 2 5- 0 2 3 Golden Cross ... „'. O O 54 0 0 5 Kirikiri, con 0 0 4 0 0 3 Karangahake 0 12 0 11 Komata Reefs ...... 0 15 0 13 New Waitekauii 0 0 8£ 0 0 7 Pride of Waihi ... ..." 0 0 6 ' — Rising Sun ... ... 0 0 94 ■ 0 0 7 Taihoa ... ... ... 0 0 by 0 0 4£ Tairua Broken Hills ... 0 4 0 0 3 9 •■ Tairua Golden Hills, 9d paid .. ... ... 0 18 ; •■_■■■ Tairua Golden Hills, 6d * paid ... .:. ... 0 15 0 13 Tairua Extended..-.. ... 0 0 3£ ' 0 0 3 Tairua Triumph, con. ... 0 2-0 —. Tairua Consols '... ... 0 0 4£ 0 0 2£ Talisman Consolidated, ex div. ' ... ... ... 2 12 6 2 12 3 Waihi ... ... ... ... 9 2 9 9 2 6 Waihi Consolidated ... & 1 2. 0 0 10. Waihi Extended ... ,..'--D 4 6 0 4 4 = Waihi Grand Junction ... 1 3 0 110 Silver Hills ... ... 0,0 6£ 0 0 6 Mountain King, 6d paid 0 0 8£ 0 0 7 Ngatiawa ... ... ... 0 1.6 — Aupouri *. ... 0 0' 2j — , Lauigan's Antimony Mines 0 0 6" " , — CALL AND DIVIDEND LIST. Dividends. . ' ' • , Waihi ... ... ... » ... 0 3 6 Mar. 2 ■■Calls. :'; Waitangi, February 12 v.. ... 0 0 2 Now May Queen, February 3- ... 0 0 1 Mar. 2 Takapuna Tramways and Ferry • ' . Company, February 4 ..026 Mar. 2 Sunbeam Gold and Silver Mining Company, February 3 0 0 1 Mar. 3 Old Kapanga, February 3 ... 0 0 1 Mar. 3 Waihi Consolidated, Feb. 17 0 0 1 Mar. 3 Golden Cross, February 13 ... 0 0 1 Mar. 5 Ngatiawa, February 17 ... ... 0 0 1 Mar. 13 Sunbeam, February 17 ... ... 0 0 1 .April 3