FINANCE AND COMMERCE.

Dominion, Volume 1, Issue 260, 27 July 1908, Page 10

FINANCE AND COMMERCE.

■ THE share market.-;;*O;;c/. ' On>- Saturday a: sale of 'West'porf-SStoc&t'on. . Coal shares, I .' IDs. paid up. was repotted.-, the .prices ; obtained: being par /In view; of .' .the -rumours; .'of apending strike,' rind :!tho general' . trade dullness.-'.the price, obtained, must|be ; ..rp;. _ garded-as satisfactory.'. ;Some !£5: shares in'tho. Pnlmerston'.;NoHh'.;..Stfsh, . chahged;hands at 20s: :;.Tiinb6r"'salc's .generally' . are,.dull— two. 0r.,-threo!;yearsf ago(timber-mill-- . /ing; ,_w;ere ,",j.regardedy.withVg'r'eat iavour.ybecase, : with'-ascending ,;priees,; profits wero largp.. .The limit .of th'd advance-in' prides was.-, reached 'long-. ago J / j and:::-ivith';.tHe ■ wool and;,'other products,- : building-; opera (ions have:: been curtailed,yarid/iOregion'piiie. ■ 1 to • bo.- :the : - only- reasonable': solution. . ....It lis. .... cheaper'tha'ii.,tlie,'New-Zealand -building-itim-. • bersj-.and'.quite'as.good. Tiwber.'.shares'. genera' ■ 'oily,; are : ;quiet, ,-w"ith": ;'a.. weakening ■' tendency. Saturday's■ quotationsv 'discloseii-nor.changes .in, : prices:—National.; Banks,.-'sellers iCsl'2s..:-.3d.; "'Wellington: Investment,>*sellDrsjKs. .Trust- and Loan, -buyers -Xi. 7s.j<. tellers- .£7 Bs.;- Wellington 9s; • ' ,6d. riNational' /Mortgager-buyerg i>vß2 -19s.': 6d.; New Zealand and -Riyor Plate, sellers;. i£l lis.'

. 3d. ;' New? Zealand -Loan''and' Merciintilb'; ! buyers Bs^^d.; ; sellers - £3 i ' . 16s'. ; South British : Insurance, sellers i) 2 155.; • Standard: Insurance, sellers iBl 2s/3d.; Christ : , ; church-Gas. buyers i£9:l7s.;6d; ; Feilding -Gns r sellers.' .£l;"Gisborno' Gas,' sellers i! 2 12s.' .'6d.;, '~ . Christchnrch, Meat, -Bellprs Gehr Meat, ' paid,'sellers r ,Meat' : Export,' .' ! ' :-third issue, sellers ss!; Wellington' Woollen, ordinary, sellers<63-;9s.;i ; ;.Westport \C6al t J spl- •.- lers. £B: 13s:.;7.Le£]and-Ci'Brien Timbor"'sellers:' • 3s. Gd.';, Nov,: ,'Zealand ..Paper Mills,', buyers,': 225. 6d.; 'sellers 235. Gd.'; . Sharland's ordinary, sellers -20s.;,,Ward and ■ Co., brewery .shares,;■ . . buyers <Xt : \ 155.; j^Whitcgmbo'.aiidJi'ouibs,;;Sek", . lers,''!J2i"2s. "Ccl.--c .' v..-\. ..-'in •' "V"" Tlife JTINING MARICET. ' [■ 'Sales''of"Talismans ' ' .6d."; and-'of 'Tangiar6,a'r:lsv'Tdr.,wer6"rma'de; b£! Saturday; :and-Waihis were firmer,' with 'biiyers at JC9 3s. 6d., cum div. The-quotations-were as under:-- . .ils'Jl. '<1 £ , ....■ Buyers. l Sellers. V. Sales,,., ■ £ s. d. is. d; - : 'i£"s;-d.--Tangiaro ... ..J 0 .1 ,7i 1 10.„„.0_l-;,7- - • Waihi ..." 9 3 6. 0 4. G '- ' : ; . Tairua Broken Hills 0-.2 . 9 ,0,-. 3,„0u .Talisman 2jfljo -2=.7'^*; 2 • N.Z; Crown ... ... 0" 5 4 0 5*7 . — :Komata Eeefs - ... 0 10 — ; .. Big Kivei' 1 ... L 17 0 ' — — . . Blackwaterl 3 0 ~ - ir-:." '.'. INSURANCE AND -PHYSICAL CULTURE,; ', . A noteworthy step has been taken by the Ceii-_ , ; tury --Insuraaco , Company.' Recognising the benefit of wisely'directing physical cultuj-e, tho Company.-Vannounces .that '-applicants i 'who"-p^s' - tho usual. medicaL'exannnation will; -'. ted Cat . a substantially ,lp!ver preihiurti,;.tehother. . ..for life or ' sickiiess/insurance, 'if -they, .are ,'- : -/'' : .duly.-;;OBi^cd , ; .vgone - a -V , of treatment. Tho, .'■;gdodSsenso .6f this is apparent •.to.yanyone-who[ : takes''the'-;'trouble '.to' watcli,a'.'street' '.idorh'e'r: , tor live 'minutes anil observe tho flabby, the' roUnd-shbulderc'd, the mouth-breathing men • V -who pass, .ladpn : with-fat }n.. placed, . and with not. 'a , muscle "-as it should.' < NON-MEDICAL LIFE "ASSURANCE.''' Tho.Sun Life Assurance Society, of Englandhas mado a speciality of granting insurance; without medical examination on whole life and! endowment policies. The, satisfactory ..experience of - the society, •thder'this branch" o'f its'" ■ : business, warrants the company in considering- - ;' applications from persons up to the age of''so* at. the' ordinary'.rates of premiums, subject! only to the following provisions:— '(1). If tho life .assured ,die...during., year-following ■' date- 'of " assurance;- the '. am'ouilt/'payable 1 wiU be'.prife-thifd'Vbf./the. sum .• ' assured ; J 'if,'-he r die'during the second year,; two-thirds 1 of the'stinv assured;'and' on a"claim' occurring at any time after, two years from .the date of assurance, the full-sum 'assured, ' \will be payable. Should', tHeVlifo" fissured did' . froni accident at any time; the full sum assured will bo payable. - (2)" No assignement of a policy is allowed un- ! til. the_ expiration of two years from tho date of assurance,-thus doing away with assurances which might be sought .and'immediately thereafter assigned-r-a species of assurance in which' tho gambling element cptecs .very largely.'... ,; In commenting upon thej operation -of-, flio '; non-medical :scheme, the/f'-Insurancoißecorir,''. of-London, England, says:.'"lt'is a bjtld trea,t- - ' ment of an.oft-debatcd.riiatter," and'.'3o' yearsago would havo mado somo of the more , tious in the insurance world to rise in revolt against what would have been considered oho- ' of tlio : wildest of ' wild cat' schemes to allure . ' assuranis into the .'insurance fold. But, onco- ' again. ' Wisdom' is'justified of her children,' and the daring innovation .of tho management has been (liily rewarded with unqualified suc- - ■ cess ",'lt would-be interesting to learn how tho : Riortality rate 1 of the Sun'office compares with!, - that of other societies,, that, insist'upon a-mc* dical elimination. ■ ': 'NOTES. ' ' ; ; Nearly 2000 kilos of ■ the: new i for basket and hat -making were- exported • froni Madagascar to Marseilles and Bordeaux' during the first three rnonths.of. 1908.-'' . , German South-West Africa has met a rather .heavy setback in tho total destruction of tho two landing piers, at. liuderi.tzbuQht... ; ..by teredos. 'This has resulted ju the steamer lines refusing to accept any except" , light' freight-' not damageable■ by water. . \ - '.-.1,.'. Dutch ownership of the ■ principal' margarine - , factories of Northern Europe has .made ■ Rotterdam tho largest'market for that article, as well as for the raw materials. During tho past few years a number of the. smaller plants r in Holland, Belgium, ;• and Germany have been bought-up by . Dutch capital, 'some' of ..which" have beeii' closed down, and even dismantled whero tho be mini-

mise'dr Tlio ilociil:■ business is-, steadily-.:increas-ing, >.'Snd : Tises "large 1 quantities of cotton seed .and. other.; oils.jj- .! ".. , j sultanas;,...the .favourito seedless .rnis'in, in'-. Greece' is not oh' 1 the ' increase...'.'Jh e,-.Greek . produce.. is excellent .' and much appreciated,;in the United' States ; and other.!mnrkets;.iand:.p,btains relatively very"-high pricesi.-sometiine'siasimuch tis .£3..155. per cwc.,. but-the preparation ,'alid .cultivation of this raisin;requircs extreme,caro and. spec.ial kjiow-' ledge, :',and .this , must account . partly-, for its bcingrneglectcil .iby,j;'Greek farmers.Tho ' district' of\Nauplia;.a'nd Argos last ■ year''..only produced. ~750 tons, iSold at from .£1 15s. and •£2jss.. per. cwt..f.o.b,, according to quality, and Corinth 350 tons, which sold at about the same prices.,,;. In n directory by Mr. John' Worr&ll, of. Oldhami it is stated that the increase of spindles ou'tho'laS twolve months is 2,765,532, The total number''of,- spindles in Lancashire is now 55,218,024, as. compared with' 45,195,641 in 1904. It must'jalSfl bo borne in mind that 25 mills ' are : at; present' in course; of erection. These, when completed, will contain about 3.000,000 'epihdles.'; The.increase in the number of-looms'-dfirihg''tlife twelve months is put down at 13,432. Tho' total': number of looms -in—tho-country is*-736,325; as compared .with .653,120 in 1904. Twenty years ago there we're 41,000,000. spindles ■in existence, so that thore has- been-.aiV ihircase in tho twenty years of nearly 15,000,000 spindles. Tho number of looms twenty-years-ago was 550,000, so that the 'IncrcrLW''is'-noa.fly. fet)0,000'"MINING NOTES.-' •'The.following items are'taken froni northern ''•'e^bhangfe'^:—'',Vi '-j ; rTairuV:,Broken,.'Bills.—On July 8, another rcef-j formation was ; cut in the Tairua Broken -Hillsimam.f'ldw.Uevel',crosscut. It ,proved to ..be l|t f ;,,wi(lci; f little or n6 V>3TOv.riseH»ji 'the.-'-rfeiir' reef has been discontinued for'tho present, owing to tho lode b?iii| ,veia r /. small, and tho prbspects not im--■prpving. 1 -The drive north on this reef is being jcxtondgd,,.where the manager reports very fav'btirable prospects are being met with. A rise -has-also-been-started on No. 1 reef over the battery level.;- AVhen',''thp--,"dAve''' wis being yai;ri'ed--?long 'onHhig reef -very poor prospects -DUt-after • the rise. was up '6ft. .a. .noticeable improvement • in- tho /value' of' the 'ore^'took• place. •• The -rise as', up: about. 12ft:, .and the_:ore, which is jiayable, is being' sent. ; to'-the ,i, batterj' I .'' Thero is a very .large block of ground to bo operated upon hero...The ore from the stopes is payable, Since cle'unup 195 tons of oro were treated for . 168oz. 'amalgam. ' . - ICuranui:—ln tho Kuranui mine tho • reef in the r stopeS''at'''the 'intermediate level averages 31ini'"in "width;' and; though no: stone,, has been secured,-"tfi'e- indications are 1 such that tbc manager thinks, good results may be ex-pected'»in-"the"-near future. On Hunt's reef a further sft.,.have been stoped. Work has been:.commcnced on Mclgrin's leader, which is about Sin. wide, and carries a great 'percentage,decomposed arsenical pyrites—a new feature, .here,. _;;As > soon as a fair pared of ore'is rin'Karid.it.-wili bo put through tho mill. A one-ton parcel 'of ore from Catran's'drive gavp 18dwts. 5 amalgam, two tons from the' old crosscut gave loz. 2dwts., and two tons from Narl cast gave Coz. Sdirts,<of amalgam. _' - ;

New drive in thij New Sylvia mine -has been lift, for tho past "weet, "tho country'being much harder than .•formerly, Asmnll leader about 2in. thick, and carrying splendid minerals, such as galena, iron pyrites, and copper sulphide, was passed through, and as it looks so promising an assay )riJJL,,pe .iffafe i .Kuranui .Caledonian.—No. 1 -level crosscut in the •.Kuranui-'- Oaledonian mine is reported by :the- manager.. ; tb.'.',be in- favourable country, though not quite' firm enough' for. gold-bearing country.' A :-cam of solid 'mineral ;has just becn„nxe.i:'rivith; :sonle parts , of it being Sin. wide; •-It-appears to'bo only a bunch, and carries no gold. .The-rcountry. in the drive on :No.' : 7'reef is nice,'firm sardstone, of a favourable description for gold. From tho kindly /appearance of tho quartz, the manager'says the precious .'metal might be expected to be found at any. time. He has *, been driving „o{uihe_ reef T the crosscut. . At. this point nice solid body, of 6tone; antLliin good'country, and it is intended to , dfiyerseaward'.on 'iti'to 'see if it;will improve! •Tho manager'-thinks it is the Diike reef. The intermeditate level on Whitley's leader is still ;in. nice-country- -The leader produces dabs ib'f gold here and . there. In the back of the pleading' s.topeitha leader is rather split up, •but will- most'likely como together again in thc^ncxt'-stoper''','''' Karangahako.—ln the Karangahake No. 1 level crosscut the country passcei through last week was most congenial for gold-bearing reefs. Thqro; is,-, the'manager reports, still a large flow of water issuing from tho face, and lie has recently passed through sevoral' small quartz leaders, showing good mineral indications. Ho is of opinion that tho Woodstock reef is near t\t hnhd, and is.satisfied that if it is met with in the samo class of country, that is shotting-',in the face 'nt the present time gcod results will follow. . Old naiiraki,—Tll'o manager of .the Old Hauralti mine reports that No. 9 rocif at tho 300 ft. lovel has improved considerably , in size. It averages 12in., showing colours of gold in tho at'each breaking down. Tho country, on--the. banging wall is very favourable, arid will, tho/mnnnger bcliovcs, extend to No. B'i'cef,-..which, should bo intersected nbout'4oft. ahead,.. In„the.(lriyp cast No. 7 reef is improving in appearanco. Rising and sloping on thq .west.brancli are.in progress, and good prospects are being obtained from the letter, and also from a vein between this and No. ,7 rcpf, At the 220 ft..level the,lqn'a reef ayerages Sin., and looks all right for gold. Fair general ore is cVming' to'lian'd'from the stopes on the cross reef. Leggo's lode is very large, and of low grade, but the uianagCr hopes it will'improve

upwards, as it appears to bo coming together again. At the 160 ft. level the stope on Legge's reef is getting into more favourable country, and colours of gold have been seen in the reef. Wills's leader in the second stopo at tho 100 ft. level averages 4in., producing fair general tiro. Tho recent crushing of 40 tons of general ore and '121b. of picked stone gave a return of 470z. lldwt. of smelted gold, value .£l4O ss. 3d. DREDGING RETURNS. , (Br TEr.EaRirn—MES3 association.) Dunedin, July 2G. Dredging returns:—Rise and Shine No. 11, 70oz. sdwt.; Rise and Shine No. 1, 570z.; Golden Bed, 290z.; Windy Point, 240z. Gdwt. 12gr. ,• Waikaka Queen, 230z, 15dwt.; Riley's Revival, 12oz. sdwt.; Enterprise, 9oz. 13dwt. Last weeic the Customs, revenue and beer duty collected at Wellington amounted to i 11,930 7s. 9d. and .£205 4s. respectively. ■. Tho corresponding figures for last year were £14,103 7s. 9d. and .£205 4s. respectively. The Saturday.tho revenue amounted to XIGOB 16s. 9d., while for tho .corresponding day of last year Gs. 4d. was collected; LIVE STOCK AND PRODUCE. Messrs. A. 11. Atkinson and Co., Ltd., report:—On Friday at our weekly salo of horses, pigs, poultry, and produce we had a good attendance of buyors. The entry of pigs was small, arid competition was keen. Prices for stores remains firm. An exceptionally heavy ontry of poultry of all classes sAld at satisfactory prices. Tho low quotations boing for dull, low-conditioned birds. An average ontry ■of produce, .sold at lata rates. We quote:—Horses—Aged pony, £2\ 5-year-old gelding, .£25. Pigs—Stores, 15s. Gd., 18s. Gd., 19s. Poultry—Hons. Is. 3d',, Is. 3d., Is. Gd., 'is. Bd., Is. 9[1., Is.- lOrl,, 25., 2s. 4d.; white leghorns; 2s. Gd.;"roosters, Is. 3d., Is. 10d., 25.'2 d., 2s. 4d.; turkey gobbler. Bs. 3d. (all at each). Produce—Potatoos, . table, 95., lis., • 12s. per sack; pig'potatoes. 3s. Bd.; pumpkins, ■ Id. per lb.; swedes, 3s. Gd. per sack; onions, i}d. per lb.; horse carrots, ss. sack, 351b.; table'carrots, Is. 3d. ; parsnips, Gslb., 3s. Gd.; factory'bacon, (SJd. per lb. • ' ': • HIDES, SKINS, ETC. . Messrs. and Co., Ltd., report:—Wo' hold our usual monthly salo of wool, skins, and hides at Palmersto'n North on' Friday, Vhen a good catalogue was submitted to' a large attpndanco of 'buyors. - was Icon competition for all sorts.' .We.quote:-r-Good clean- crutchings, 3Jd. tp 4d-; medium crut'chings, 3}d. to 3irl.; short and dirty, 23d.; dead' wool, to 5d.; locks and. pieces, 13d. to 2!d.'; crossbrorl, to 53d. Skins,-:Markot showed'an advanco of J<j. per lb. fpr all classes. Wo quote :—Crossbred fine, s}d.; crossbred medium to coarse, 4]d. to 5d.; quarter to half-wools, 4d. to 4Jd,; lambs, 33d. to, 4jd.'; dead, S!d. to ;4d.; dead hoggets, 3Jd.; pelts,' 3d.; torn and ' damaged, 2d. to 3Jd.; butchers' part dry and green, crossbredsu.'at per piece. 3s. 5d.. 3s. 7(1., 3s. 9d., 3s. lid., 4s. Id , 45.. 3d., is; 9d.,'to ss. each; laml)s"(shorn)/ 2s. to 2s.' 7d.; butchers' salted crossbrcds, 4s. lOd. lambs, 2s. 7d. ' competition at last s&l<?. rates.-. Wo quote:—Heavy ox .hides, s?d.;.medium ox hides,-sd. to 5Jd.; light nx'hides,' 43d. - ; steers! 4d;';' cows (best lines), 4|d. ; good, ,4(1.: country lots, ■ 3?<J. to.3Jd.; cut and slippy, 2d. to'3d.; yearlings (sound), 33d.; yearling, rough, 2d; to yearlings (sound), ,51d.; out; 3jd. ■ v ■' Tallow.— : ln . tins, .19s. ',3d. per cwt.; rough fat, "15s.' 3d. per cwt. Horsehair, Is. to Is. 3d. per lb.'-Tails,'ls. 3d. per! dozen.'

Messrs.' 'Swjiihson and Bevan, Ltd.'. Levin, report .on their monthly sale of wool,-skins, and'hides as'follows:—We offered-520 sheepskins, 230. .hides and'calfskins, 6 bales: and 15 fa'dees Qrutohings. 6 casks tallow, and the-usual, quantity of ; snndries. Thero was a Rood attendance of .;bnyers. and competition was very animated. 1 Sheepskins 'wwe keenly competed for.-our-catalogue comprising splendid quality, and the'.prices realised were a-record, being frilly, id.'nor lb: higher than at any other wi« in. the North' Island dnring. tho last night' months.. Hide's, in' symnathy with the'decline in the 'Australian: markets, wero easier. but competition was keen at a decline of 4d. fbr large hides. Calfskins wore in (food demand at advanced rates. We quote as follows:—

Wool.—Cnitchings, bright, SJd. to 3id.; medinm, .Id.' ; .dingy, 2d. to 2?d.; dead wool, 2|d. to Sid.; pieces, 2d. to 2ld. .', ' Sheekskins—Fine crossbred.- Ski.': medium crossbred, 5W.; half wools, 4-ld. to 43d.; lambs.' 43d., Sd.i to Sid.; dead and broken, 2|d. to 3}d.: butchers' preen skins, 3s. 6d., 35." lid,, 4s. id.,; to 4s. 7d. each: green lambs, 2s. Id., 2s. 9d„ 3s. 3d., to 3s. Gd. „! Hides;—Ox, heavy, .none offering: medium. 45d. to 4Sd.; cows, heavy 3?d., medium 3ld. to SSd.; .yearlings.' sound. 3{d.; slippy and cut hides. 2d. to 3M.; calf, sound, 5Jd. to s}d.; cut. 3Jd.; slipny. 2d. Tallow.—Casks,..£22 10s. pic ton; tins, .£lB. Tips, Is. • Cow hair, ' BJd. - per lb. BANK.OF ENGLAND RETURN. BT TEIiEGRAPH—PRESS ASSOCIATION- -COPYMOTI? f London, July 24. Tho Bank of England return issued .for tlio; week ending Wednesday,'Jnly 22, is as undor:— *!' "" " . issWDepartment ' '' ~ "

.. THE MONEY MARKETS. The Bank of England discount rate is 2J per cent.,, to which'it was reduced on May 29. i The London- open market rate 'for best, three months'bills.is f higher: at 1$ per cent. Short 1 loans are i higher at i of I.per cent. • 'The Paris discount rate is,4 lower at If per cent.'' The-Berlin discount rate is unchanged at 2} per cent.'

COLONIAL AND OTHER.PRODUCE. Wheat—The.markets aro q.uiet at'iato rates. Small supplies are' likely to cause continued firmness. Cargoes are strongly held; S6s. 7d. per quarter was paid for an Australia parcel afloat. ,rlour.—There is a better inquiry at about 6d. advance.' Butter.—Tho market is firm. Danish. 1235'.; New Zealand 1145.; Australian is practically exhausted. ; Cheese.—Tho market is firm and quotations are unchanged.'. . Sugar.—The market is quiet. German beet, 10s. lid.; first marks; 12s. 7d. i Bradford Tops.—Tho demand ,at Bradford is exceedingly slow, as confidence in London values is lacking. Common sixtifcs,' llil. higher, at 23Jd.; super sixtios, id. highor, at 2lld. per lb. The quotations are nominal. London Wool Sales.—Tarndale realised 9d., arid XLS. oyer.T. 73d. per lb. Merinos aro strong, but faulty crossbreds are slower and slightly choaper. . '■ ' THE METAL MARKETS. \ Coppor.—On spot, ISs. 9d. higher, at «£SS 12s. Cd.; ■ threo months', 21s. ad. higher, at XdS 7s. Gd. Electrolytic, .£59 10s. per ton. Tin—On spot, 70s. higher, at .£137 55.; three months', 725; Gd. higher, at XOs. por ton. Pig-iron, Id. lower, at 50s. 1(1. per ton. Lead.—Unchanged, at =612 17s. 6d. por ton. i

' ' " .' j..,.. \ , /j[ , i i —f V / , v ■IVELUNCfOH;' SHARE LIST,. • > • Bwervo. rtlL.-'' • s TEICES. « # Id COMPANY ' •Capital- Fund and ijjvS!,; : ■' to '!■'{ . •, . ,'Ealancp' gngjjaro f Last Investor. .. 2.'. v : . . .. . Forward. ® ■ ..q . 13u >; cr - " Sale.' -"• BANKS* : '4 '' £ ' l '""£ ' £ E --d- £ ,8. d. •£ s. d. £ b. d. .tffifltjij ' ,504,097 '• °i> Si 10 •9 , a' 6 -0\6 0 .0 0 0 314'1 hatlouai .... ... • 375,000 . 3til,3o3 gj ;,lo',,. 12; 8..1..0 .5 2 6 5 5 .0 5 11 3 . : insurance. " ' . -v National .... ..... , 100.C00 24!),333, T i'■ unltd,- 15' 17..6 ' , .;• .jmjw Zealand ■ ...... ..... ,'co,(XX) IS6.674 ■! '• ,"S; 10: .. " 31# 0- 315 6 1 6- n ■ - . 'Bouth-Britiali MOO.UX) 'jSAiJ)' 1 '.i "44.'' SO . 215 0 3 15 0 ,. 10. 7 "btandartt .75.COO:. j.-'oi'; 10 .110 1-3 .1 2 3 ; • ... FjMAHClAL,.. 1 . .... . ■ - Equitable Building - ..- -v rO.OOO- . £0,74-2; ;5; 5.:;30 10 2. 0 10 3 6' 419 -0 '/ ALuU'opoJitan Building . ...;: "*' v ''t0l"i42 ' : S.G63 in 'nil- 7 -. ' _ • Wellington ■ Invest. ;.. . ...-* 50,(XX) 1 5 C'. oil. 3 0 12 > 0 0.11 10) -.5 0-0 Wellington'xrust and* Loan .... .'101,250- *''44,331' '.'5 "5 ,:8 .'.7.7.0 -7 8 ,.0 .711-5 . 5 6.3. vhanojai'iMprcsaEO,,v; Y.£00,000.,. , 127,Mi,, ;.g . 8-.. 10 • 2J0. 6. 3 ;l 0 '3.0 0 6 13 4 ' !N.&. and Itiver l'lato . cOO.OOO iiaG.ii.0. ' n 1 - nil 8 1-0 0 111 3 1 11 6 4 8 11 -■ Lo»u.und. JJcrcantKii ... ... ' ,t$. t ,5. .0 3,31 U '4 (i 0 4 0 12 10 0 f: : '' CAS. -. " 'J . . ' " ' - ' ? ' - - Auckland ... ... : - ..., ,' .... .' .'v. '"ISO,370 , J5,463 f,' - nil 16 - Ol.l'IStchurch ... ... ... 1C-0.000 - -.biVjl?-. - e -r.il ■ It) 917 G 10 2 6 10 0 0 5 0 0 •Iwittiu"-. • ... ' ■•••• . H.0D0 .••««• 'T 'nil' Ol'J 0 10 0 Old 6 Wo UJ ii!o. ... 17,300 10,565:- 'J. . nil 133 . 212.6 .210 0 5 10 0 UwWeru ' ... ... ••• K250 a % 10 . . .. . : ; i,ow -Plymouth . ... . —. '••• }-,'J5'J- s jnil. .10 i .' • ;i\-apier ... ... - — ' ■••• )■' " '10' nil 15 ' .' ,. VI,;' °5y/ ..5 .15, V ' ■ l-tilniC'titoji North. ... ' '27XC0,> li,GM.,i 41 10 7:3- 6 . ; 7 6 0 B 3 3 ... \ ' 1-24,570 ' ',1,703 10 nil 10 6' 10 12 fi 19'7 '6 5 3 -3 \v: Canterbury i JE3 ;7 rf-.'.- -rS.CS6.'. ,' 7 j -Viji .3 • 8 0 0 •' ... ;.0m-lsu;milcll. ■ ics.tio '',7,64:1 '10 "r.il - 10 0-0 .u . -.. ... .... I iom nil.- 12j 2 9 0 210 : '0 |3 9,0- '5-.2;0 : \"oiiiilg£oii ; iloat'Export;»J" i-." ° "l" G i .'» ' l »» - **• "v ,*•*;,••* / f "* |"1C5,7C6/ r 63,767 _ 5 20 '* ... Vr'angaiiui- >.10,315, * nU ; | 350 -. ■' TnANSPORT. ;p : ,.1:!::;. A.. W.'and M. Eaiiway ... ... . ... '170,bc6'.' 121,452 .4 • 7 2 8 0 '2 D O 2'n-0 . 217--2- , ,; V i-■-Via.'ti)'.. •;-lio;-<uU-i-8- --nil 5 6 2"6 '6 0 i0" 0 13 4 uiiiou Bivaux :... . tlO.au-•'rttl.sU/ .1, ; nil 114 0 115 0 114: 9 5 9-3 . j-\> -*ei-ry ... - ,...' ... ' . - 1. — . 6. 01/ (i , ; '• COAL' • , "Wcstport ... . rfO.OOb,' 127,421" Tij .. li' ■ 125 6 10 0 6 13 0 -'618 : 0 '6 7/0 Ittuiiu . ... .... ... . ... t .... y-.nit, 74-1,,... . 10 0 -;'0W 6 '714..0 : . . _ V.'OO'lleh. . > ■'.''! kuililBl-. ... ...' ... '... ... ': U,4j I. Ll.. is' 4 0 415 0. V', , Wellington v.,... ; ;i.. '.w. '■?&„ ,.. 4; .'6 -. 3'.,Ji,'0 -3;.9 0. ;3; 8. 0; ,.,7.il. 2. ' . MijCELLANEoiisJi,. ' ■ -. : V 'Donajh'y: E'bpi ...''''' ~£3.'e6o' . Jti "'i' .. T ,'riil, -.6. ; 1 '3i 0 1 4 .-'O '• • ; - ' • I :■ kiylaiiu and O'Uricn ... ...' ' - - VHibl" .1 'ivnil- Jj' 2 3 0 ■ 2 -3. 6 7 0,0 iuauricieviiie Ijiino ...' •' V,000 ■ 205 '.1 • nil '.8 ; '. iv.il. Uaudiu " : -1C.COO • fc7G 10 nil. 8 •*'■- *' ' v jN .15. Drugs ;' ... ... :cc,COO .. re,730 1 : nil 7 ' £.10 .0 '511-6 2 01'' 0 111 A.Z.' I'apur.-' Mills 11,175.' f J-1' ..J;nilJ 7 l",'i'.;G 1 3 ' C' ; 1. a: 0 • : . N.Z. .Cement ...., V...r ' Zf' 40,G(Wf'•> \'2,U48 : . -l./'niU -. .1 >5'! 0 l.-e >9 •'••• -n«,- * ilanning and;Co.. it, C(jO . i'l.UiU ■.{■ 10 ?316 0 "I r 316 6 10 9.1 Ward una :tlo. ... to.gtoiO t 655', '•» ' .0 5 • 0 415 "0 I 8-6. .: Wgtii. upcra; House ... . ... 18,ca)' '' WIS' a -nil Mi 7 9'0 , ' -•!' ■•■.WBtn." Fresh l''ood. ... • ' jj.SBl" Xi: .J .'fill;'0 3 6 ■AVuitcombo : and 'i'embs ...i 1 '40,550- £0,153' 5 ■ . nil 19 -' - 4 2 6' Bharland, Ltd. ... 68,013 ..ll.VU 1 . nil li 1 0 0 6 19 0 714 0

Ifota'lBSUO 'i5i.577.COO , Gov. debt • ■, £11,0151000 -•' , i ).• ' i.v . . Othersecuri-, , . . ties. ...... 7.134,000 . ..Gold; 36.123.000, ' £51,577.030 • ■ ■ £51.577,000 . i BiNKKG DEPARTMENT.' ' ' ' ;. Proprietors' - Govt, sccuri,lj>- capital" ' ill,553,000 tios ' ... £15,227,000 • ' Publio de- ' Othor seoui'l-' posits ■ 6;497,000 ties ■ „. 29,331,000 Other deposits ... , 16,791,000 Notes . .. 25,103,000 Best, 7-day : ' andother Coin 1,615,003bills ■ ... _ 3,470,000 £71.311,MO \ • £71,311,000' • '• The ' leading; items:, of the Bank of England return afford the following comparison :rThis week. Last week. Last year. : Bullion ... • ... 36,1C8,OCO| 86.212.CC0 i 35125,ODO - Reserve 26,753.000. ' 25.50.OCO ■Notecirculation 29.469.C03 29,470,000 29,351.000 ■ Public Doposits 6,497,000 5.M5.CC0 6,103,COO . Other Doposits 46,791.000 i7.603.IX0 48,C07,0J0 Proportion of reserve to ' r ■> liabilities... 50.25," 50.3S 47.16 GOVERNMENT SECURITIES. The .following are :tho latest quotations for Government' Securities, with a comparison of those ruling last week:— ■Variations , - . Price : co^g rcd .. ' last week.' . T • £ .6. d. " ~' 25 % Imperial Consols... ... 87 17 li Unchanged ■i H N.S.TV. 1933 ... 1C7 5 0 , Unchanged 3$ „'N.S.W.19lSMar-Sopfe. ... 103 10 0 Unchanged 3 „ N.S.W. 1035 Apl.-OcG.ttD 10 0 Unchanged i „ Vic. 1920 Jan.-July... ' ... .101 0 0 - Unchanged 3i „ Vic. 1&21-6 Jan.-July .1. 100 10 0 Unchanged 3 „ -Vic. 1029-49 Jan.-July ... 89 10 0 .Unchanged 3$ ,, S.A. 1916 Jan.-July,. ... 100 0 0 Unchanged 3 „ S.'A. 1916 Jan.-July . ... 86 10 0 Unchauged 4 „Q'l'dl915-21 Jan.-July ... 1C5 0 0 • Unchanged 3& „ QTdl924-30Jan.-July . ... 99 10 .0 1 ■ Unchangoil 3 „ Q'lM 10-i2-l7J an.'-July .... 88 0 0 . Unchanged 4 „ Jf.Z. lOS&May-NoY. ... 10/ 0 0 -Unchanged 3j „ N.Z. 1940 Jan.-July.' ... 90 30 0 Unchanged 3 „ N.Z. 1945 April-Oct. '... 89 0 0 5s. lower 3i „ W.A;19-j0*40Alay-Nov ... 93 0 0 Unchanged 3 „ W.A.1915-35May-Nov ... 83 0 0 Urichanied 8§,, Tas. 1940 Jan.-July 19 0 *0 10s. lowor 3 » Tas. 1920-40 Jan.-July ... 88 0 0 Unchanged