COMMERCIAL.

Dominion, Volume 2, Issue 312, 26 September 1908, Page 9

COMMERCIAL.

'' ' ' THE SHARE MARKET. ' At, the ; sitting of the ..Wellington Stock Exchange; yesterday sales wore reported of Napier Gas, i2i paid/ at £i 7s. 6d.J at which price they return l the ..investor only £i 12s. -Id. per cent. The shares' 7 are absurdly' ' high in price, under ,-present'''conditions,') - Sales were 'also roported'ofvWilsdn's Cement preference shares at il-119s'.i6d. and 41 195..-9 d..-,: Bank of New Zealahd : 'shares.-were again: on sale At' £& 155.; National'; Banks, buyers X 5 os. 6d., sellers w£s Is. 6d;; Equitable Building, sellers, SlO 2s. 6d. ; Wellington Trust and Loan, sellers, £1 7s. ;, National Mortgage, sellers, >C 3 Is. Cd.; New Zealand / and, -River Plato, buyers, . 41' 10s. Gd.; Christclmrch Gas, sellers, 165.; Port ChalJSI os. Gd., sellert.4l 35,, cum dmderid; "National Insurance, buyers ' 41; Bs., Bejlers.;''4l-Bs. 6d.; South British Insurance, Bellerß, '42<155.; Standard Insuranco, sellers, £i 2s. .Sd. jVGeaf Me'dt, 44 paid, buyers 49 165., 41 pftidi/ibuye'rs 42 95.; Wellington Meat Ex- . sellers 45, '42-' 125.. 6d. j>aid, I . buyers.43, sollers.43 Is. 6d.,- Manawatu Rails, bnyere 42.1i5.; sailers.42 13s. 6d,; New Zeiland Shipping;: 46 ,9s. ;-Union Steam, buyers 41 ;14s; v6d:,' sellers' 41 Usl -9d,; Wellington Steam: sellers, 17s. 6d.; Wellington Woollen, aeUet& 43 5?. fid,;! Wostport Coal, buyers 45 lSs'.J sellers 46; Westport-Stocktoh, sellers, 9s. 3d:; Leyland-O'Brien Timber, sellers, 42 7s. 6d.;^Neiv'Zealand Drug, sellers, 42 lis.; New Zealand Cement, buyers 41 75., sellers 41 95.;-.Taranaki -PetroleumV sellors, 3s. 3d;; Sharjand's, ordinary and preference, sellers, 41. ■ - ; THE MINING MARICET.V,'',. . Sales .were reported yesterday of-Talismans at 42 te;:6d., and Waihis at 49 Is. 6d. The mar; kot ivds.- inclined to bo quiet. The quotations were a's undeifi-r*. . . Buyers. . 'Sellers. ' Sales, is. d. 4s. d. 4 s..d. Talisman : ... . .... 2 0 0 2 0 0 2 0 G Waih4 - r ... ... 9 1 0 9 2- G 9 16 Tangiaro, 1 ...• ... — 0 1 (I - . llay.Qnecn .— 0 2 1 : — Big Kivcr ... ... 112' 9 llt 0 — filhckivator' , ... I 3 0 - 1 10" , '." — ■ '•'■ . .■HOPE FOR. HEMP. .. _1 here iy just n "probability that: the values' ol : Zealand-huiop will harden very soon. Acc-ordipg to our cable,messagos-a; typhoon ih tho ,Philippines haV caused _ great loss of life and., property, and we may' be sure' that the iißinp crop:,win iiavo,suffered.- Tie■ question' is to what-extent has the crop been damaged? Some.'' years:) ago a-typhoon caused very con6Kk*raVie' .loss, ftnd • thore : was a • big shortage. ?! to the great advantage of the New Zealand product.- There may bo.a repetinon ofi.the'cbflditionsi-but-ttt the sanle time it is-advisable to.be 'cautious in- the-matter. 1 he, stocks 'of fibre .in. consuming centres may be large; and there' is the diitput of sisal to be considered. In any-case : there should be some improvement in fhe price of New Zealand Hemp. '. , ,f . -.BUTTER IN STORE. ' 0? .ijmisiay .the quantity' of'.butter' in - store at Auckland for export "for the. fortnight (says a Press Association message) wiis 67 tons—27o2 .the''torresponding.period last year the .quantity; was 50 tops. Fifteen thousand ' boxes are'to-'be-shipped by the lonio to-day. five hundred-boxes are to be shipped to South . Africa .on Monday. . .. BRITISH JOINT-STOCK COMPANIES. The.Biiard of ftade_repdrt'6n the'working of limited liability during the year 1907 contains many iteips -Of interest; There was little,increase of activity in the formation of joint; stock -companies, for', although the number, of, .companies .formed was somewhat larger than in. the previous year, the total capital-showed a.very small-increase, and was much,less ; than in-the active period:from 1898 toyear 5265'" companies' with 'a nomi- . of were registered, Mgainst companies, with a capital of .£136, in 190G, A considerable part -,of theiincrease in the-number of- companies,'registered seems to be due to very small companies, particularly to those having a nominal. capital,of between 41000 and 45000 ' Against the . new registrations'have to : be set 1 the: removals, from; the,:.register,-;. the- result be- ' mg, a;jhet; increase ;pf 126fi,;jit' the"inumber.. of companies and of i 462,482;391 : 'in r fhe ; 1 the-paid-up'capital. The following is a state- ' meat ; for. : 'the whole of the United'kingdom j of the:'.number- of, companies- on the "-register, • and the total, paid-up capital' for 1908- and' two 1 previoust-yearsi—j: >- : 3 a Q n ,„ ' • .No. of Paid-up . £ .April 30...v - Companies. Capital. •-... I'

!2SS "* 1 • - i0 ' 995 2,000,392,001 ~ ... 43,038 , . 2,051,010,586 1308\r r v ... ... 45,301 . 2,123,692,957 The Custom? revenue collected, at Welling-ton-yesterday amounted to ,£2o34:9s,'Gd. WELLINGTON PHODUCE MARKETS. Zealand.Farmers' Co-operati.vo.Dis-tributing ..Company, limited;'roport as follows: Ma'se^^S.!,.wheat, -foivl, 55.; barley, feed, '4s. t ' 'Vj e -T' •C«Pe>' seed,; ii.'Cd. ; inaiz'e,. crushed, . Bs.'i to-3s. '2d.';. oats," duns,-25.:9d.; pate, disMloured,. <>s. 6d.; oats, crushed, 3s, 4d.; oats; seed;'duns, sparrowbills, gartons, 3s. 3d,; Blgoriaus,.'4s. 3d. ■to 45.-4 d. per • bushel.ItMriis?, ii MWHiial|-.-ss, 6d. per bushel; hay, f® 10s. .per' ton; gtraw, £3 ss. to =C 3 lOg, per toil; pollard, £.1 10s.; .£'6 per ton; sue.roBme,'i7.!per;ton; linseed oil cake, genuine, 15s. per ;owti ;, prime paten sheaf ehaft.. ,£5 to £5 . 10s. per ton. ■ • Potatoes, table, .£5 -to-.£5 10s. por .tonj seed potatoes,- specially selected, Canterbury Up-to-Pates,';.£ 6 10s.; Canterbury, Derwents £i 10s.; Victory; ,£5; onions,„ Melbourne, ~£15.-. • . Butter,;;separator;, lid.; mifled, *10d.; "dairy pats, lid. perlb.; eggs, frosll, 15..1 d. per dozen; honey,,6o , s,.4ld.;_bafon,- sides,: BJd,; rolls, 9Jd.;' naros,'.9d: per lb, Porkers,■7o's,to. 90's,' sjd.j.SO's to 100's, SJd.; Daconers,*Sd.<; i choppers, heavy, 3Jd. to'4d. per •«V:beeswax; Is. 'Cd.; fungus,- 4Jd. ; walnuts, 4Jd., rto:; Sd.vper; Iby .... •• . - Cabbage,'3s..jGd.' to" lis. ; cauliflower, 4s. Gd. to ,65.;,' per; sack; swedes,'- 2s. per cwt.;:green peas,. 2s.v 3d.V to 2s. 6d. - per peck; rhubarb, Bs. persdozerij carrots, table, -Is. Oil.'; carrots, horse',-25..6d.; to 35.-per.sack, Apples/dessert; - 10s. - 6d. ;< apples, cookers, 10s. Poultry, table roosters, -Is. Cd. to 55.; cockerels, ss. .to;0s.; tablo hens,. 4s. 'fid.;.to'.ss."6d.'; ducks,'7s. ,Gd. to Bs.; geese, 7f. 6d., all at per pair; l turkey gobblers', Ib.; heps, 10d., live or aead iweight.. 1 Messrs.j-Laery and Co, Ltd.,. Woliington, report prices ruling on the market :ttWheat, ifowl' 4s; lid, to ss. 2d., broken 4s. 6d. to 45.3d.;! oats 25.; 6d., to ,2s. >10d., seed oats 3s. t0,.05.'.3d.,-Algerian seed oats 3s. lis. to 45.; P ai ? e ,i;'' s .?vte'. ps- .3d.; crashed malt, Bs. -9cl.;', fowls >,barley, 45.; horse beans, 4s. Bd v all at per bushel-; riceineal, - j£6;flour, New Zealand •£lMos.,< Australian .£lO 15s. to .£11; bran, £0 10s. tor; i£6; pearl barley,. .£l9 10s.; peas, part-' ridge_4s.,9d.., prussian .blue 6s. 6d., fowl, peas 4s. /a.-,- split <£18 .lOa. j bonedust, .£G; .superphosphates,' .64 15s.' to £5; guano,. £i 10s.; ohafF; (oat'erisheaf), ..'jos.'.7s. Gd. .to .£5 155.; oatmeal, ';i12,105.' to; ,£l3; potatoes', table JB to .£5 10s;; ;.New; Zealand, seed. (Up-to-Dates)' to wE6 105.',-Tasmanian seed Up-to-Dates £7 10s.; molass6s fodder, t £G; bacon, factory, sides BJd., hams:9d.;,rolls 9Jd.; butter, bulk, prime la. Id.; cheese, factory,'.o}d,; .poultry, hens 3s. 6d. to 4s:;.jducks 6s. to 7s. 6d., turkeys, gobblers :15s. to 225.',-hens Bs. to 95.,.a1l at per pair; cauliflowers, Ss. to Gs.; cabbages, 2s. 6d. to Bs., all at per sack j fresh eggs, )s. Id. to Is. 2d, per do'z.; eheesb.'Bd. to GJd. per. lb., loaf 7Jd, per lb.;' onions, Japanese, J516 10s. per' ton; Akaroa cocksfoot.. 10d., ryegrass 4s. 9d. to ss. 6d. per bushel.

r • HIDES, SKINS', ETC. > Thov New. Zealand Loan and Mercantile AgoncyCo.,,Ltd., report,as follo.ws:—The usual fortnightly sale : was held to-day, when wo offered a iargo catalogue, of. skins, hides, ' and calfskins; arid a few bales of wool, also a quantity of tallow, horns, bair,-etc. I'here was keen bidding ' from a large number of • buyers at pnces.on a par with last sale's' rates; for skins jind, hides tho prices were slightly lower, 1 except for calfskins,'which sold at exceptionally good prices. "We quote:— medium, 3.Jd. to 3Jd. per lb; orutcbings, hoary. and .seedy, lid. to 2kl; oropsbred.floece, sl,raKglors,. 4jd. to sd, . . .. Skitiß.-—Half and fiqe crossbred, 5Jd. to' 6Jd. per lb. ;* medium ami ooarsc crossbred/iJd. to sjd,; pom, 2Jd.'to 3!d.; damaged skins, id; to Medium, to sd. per lb.; ox, light, to J'ld.j cow, 3J(1,-to'4}d.; damaged. 2di to So.: , MOti/td, fid. to 7id.; calf, damaged, 2d. to 1 : -' ... ~ . ; Mixed beef and mutton, 235. to 21s. W. ■ ' tn tins and odd packages, 20s; to and Company, Limited, held theii '--fi;'.t,vij!itly sale of wool, skins, hides, and yiif-terday, wlieri a.fair cntiuoguo of all claw"; was submitted to a good attendance ef buyers. " Wool.—Only. ■ oddments 'offering. .. Inferior erutchings i.enlised 2Jd..to 3d.' per lb, Sheepskins,—Market firm at. last sale rates. Fine crossbred, 5Jd. to 6d. per lb.; crossbred, 4id. to sltL': crossbred shorts, daamged, '4d,^

to ■ Sid.; crossbred, dead, 33d. t:o 4(1.; lambskins, Bd. each; crossbred, damp., 3s. .lOd. to iOd. oaoh; crossbred, salted, 2s. lid. to 3s. 9d.; iino crossbred, salted, 4s. 2d. • Bides.—Market firm at last sale rates. No prime lots offering. Ox: 51 to 631b.,-4jd. to ' s|d.; cut and slippy, 3Jd. to 3|d. per lb. Cow: r 37 to 491b., 4?d.; cut and slippy, SJd. to 31d. per ' lb. Steer: 281b., 4d. per lb. Bull: Dry, 2d. per • Ik' Stag: 3£d. to 3M. per lb'. Yearling: 12 to • 191b., 4Jd.; cut, 1216., 2Jd. Calf: Best, GJd. to ' 7d.; medium, s|d.; cut and interior, 4|d, to ' (tfd. ' Tallow.'—ln drums, 20s. 3d. to. 20s. Gd. per • cwt.; in tins, 21s. 3d. to 225. 9d. per cwt.; rough > fat,, 15s; 3d. per cwt. Messrs. Murray, Roberts ind Co. .report:— ; We offered a small catalogue of wool, about ! 2000 6kins, and 150 hides to-day. There was a very large attendance of buyers, and bidding was keon at prices par-to a farthing over last sale. -There was'; spirited-bidding, for all well-saved light-conditioncd lines of skins, also sound lots of calf, tho competition for these being specially, keen. Wool.—Crossbred fleece,- 4 id. to BJd. per lb. ; crutchings, fair medium, 3fd. to 3Jd.; crutch-, ings, seody and inferior, 24d. to 3d. Skins.—Halfbreds, 6d. to -6}d. per lb'.; fine crossbreds, 53d. :to fid.; medium • and coarse crossbreds, sd. to s|d.; lambs, sound, 5d..t0 6d;;. dead and damaged skins, 3Jd. to 4-M. Hides.—Ox, heavy, -fid. to 6Jd.ox, medium. s}d. to sjd.; ox, light, 4!d. to 5d.; cow, good sorund, 4d. to 4sd.; damaged, cut. and slippy, 2sd. to 3Jd.; calf, best light, fid. to 7Jd.; cnlf, ordinary, sid. to 5Jd.; calf, heavy, 4Jd. to 4Jd.; damaged calf, 3J8.. to. 4Jd. . Tallow.—ln tins,' IRs. Gd. to ; 21s. per cwt. ; in casks, 235. to 245. Gd. . .Cow hair.—fair medium, mixed, BJd. per lb. Messrs. Levin and Company, Ltd., report as follows regarding yesterday's , sale:—Wo held our fortnightly sale to-day, offering 35 bales iraol, 2000 skins, 500 hides, and a quantity of. tallow and horsehair. Wool.—There, was-strong competition at last: sale prices. Wo quoto:—Medium crossbred, 4d. to "sid. per lb.;, inferior, 2d. to 4d.; lambs' wool, id., to 5d.; pieces and looks, Id. to 3Jd.; giiod crutchings, 3Jd. to 33d.; medium crutch--inus, 2Jd. to 3Jd.; seedy and inferior, lid.: to 2sd. ' : ■ ' . A •:. . Skins,—No change to "record! • We-quoterr:. Fine crossbreds. Sd: to fid. per lb.; crossbred, 4d. to 5d.; dead skins,, 2d. to 35d:; dead hoggets, 2d. to 3Jd.; dry pelts, Id- to'2!d.; .green skins, 2s. fid. to 4s. 9d. each; lamb' skiriS; sd.' oach. - . :.' . . . . Tallow.—Firm. Parcels, in. shipping, order. ,£'2.l; tins, .£lB to .£2l 10a.; rough frit, .-610 to ■tiS. Horsehair, Is. to Is. 3d.' per 18. Horns, ss. to 17s. Gd. per v Cowtails,'ls., 4d. . to Is. Sd. per dozen, ; Hides.—We again brought. forward a large catalogue ; of hides, which were > sold-at la«t quotations.—Wo hides, Heavy,'-fid.. td.C?d. per lb.; oxhides, medium, SM. to sjd.;ox hides, light, 4d." to Ud.; cow hides.'4d. to: 4-' d.; cut and slippy hides; 2d. to 3M.; stae • hides, 2}d. to-3d.; bull hides. 2d. to 3d,; calf, best, 4d. to 7jjd.;/calf, cut and slippy, "d. to 3d. Messrs. Abraham and Williams, Ltd., report on their sale held on Friday as follows:—We of- . fered a good catalogue to .a large niuster'of ' buyers:. Bidding .was keen for everything ex;. ; copt skins, which sliowed : a slight falling off in - price. Wo quote:— ■ '.' Wool.—Bough crossbred, 4Jd.; pieces. 2d.' ; 1 Skins.—Fino crossbred, s|d.'; medium crossbred, sd. to 5Jd.; dead, 3id. to Sjjd.; lambs', short, 4-Jd-; crossbred,-short and inferior, 31d. to id.; crossbred, half dry, 3s. 4d. to 3s. 7d., to Is., to 4s. 3d., to 4s. lOd. each. Hides.—Heavy ox, 6d. to GJd.medium ox, 5Jd. to s|d.; light, - 4Jd.; heavy cows, 5d.; medium, ijd-; light, ,4j|d. to 4Jd.; damaged, 3Jd. to 3Jd.;-calves, GJd. to 7d.; damaged,. i-Jd. to 43. ' '■;* ; ■ Tallow—Casks, 225. to 225. 3d.; tins, 21s. 6d to 21s. 9d. - - ■• - • ~ ; LIVTJ- STOCK' SALES. .'., . 'v .' 'Mr. Newton King/supplies the'following;, eiiuk : | tion report:— '.'' i- .y 1 At Stratford on.'Tuesday, owing to-thejieav'y gale and rain, there was a small yarding iD the store yards and a poor' attendance. In tho dairy , fens there was 'a -good -muster 6f spring.'" ■* ing heifers, nearly all of which 1 sold at : 'eScol-V lent prices. Twelve to-lS^ponth^-hoifora-in'a'de'-'< 325. to 365.; 2-year '6d'.'t6-'-i£3 : ss.;'' ;■ store cows, £2 r -'to.-Je2 13sr; ; --bulls,'i.£2. 125. ; to - £2 14s; - ' vi - :.-:vc-.-'- -i ..." •On Wednesdayi-afc -Ngaire.—t-held-ft -clearing- - sale on account of Mr.. R. ,H. Phillips, when about 175 cow's and.'heifers'wore sold 'without reserve.- The> cows were 'an' excellent lot, anil' .bidding , throughout :;.the: sale-.was vwy keen, : prices .from start to'finish being yery. jiatisfac-. , tory. Cows in.full milk:.made fr.on).deo:.to jCll; .. springers, .£5 10s. to jDIO lOs.i backward calvers; *3 to -. JES; springing -hcifors, M ss. to £7 ss. •,

> Messrs. Abraham and Williams report that at Feilding yesterday they had a medium yarding of both sheep and cattle.. There was a good attendance,' chiefly local. Prices were' rather- in favour of buyers. '-The firm/quitted the whole of their yarding at the undermentioned prices:—Ewes, with, lambs and in lamb, 13s. 9d. .t0.145,; mixed hoggets, 95., 10s. 3d., to lis.; owe hoggets, Us..fid. to 135.; wether hoggets, 10s. 6d. • to lis. lid.; stpre wethers, 13s. to 13s. Gd.; rams; 6s.' to 12n.. Cattlo.—2|" to 3-year-old steers, d£s to £H 2s. Gd.;,2-year steers, £3 3s. Gd. to. Js3.ss.;.'dairy coirs,..£4, £i 105.,' iEG, to £6.105.: springing heifers,. £t105.,. '£&; to J5 17s. 6d. The line'of 30 : pqrkers advert tised averaged i£2 : 2s. -Gd. - :' Messrs. Dalgety and Co., Ltd., report that at their • FeiUling sale yesterday they., had a fair entry of sheep ■ and a small entry of cattle.- Mixed hoggots made from lis. to 12s. 9d. ; small owe : hoggets, lis. 5d.; . 18-jnonths steers, £3 'ss;; springing heifers,. £i.' . The New Zealand\ Loan''arid' MercantileAgehcy Company, Ltd., .report that at their Ivimbolton sale on Tuesday they had a good-yardins.'-of sheep, .consisting, of", hoggets, and a.small entry of cattle.. Hoggets were in good, derjiand and sold freely,..... We quote;— - Wether hoggets, 10s. Bd,; ewe hoggets, lis.; cull hopgets, 6s. ftl.j storerwethorsi: 135.; yearling heifers, / £1 55.; yoarlinpr steers, .£2; : empty cows, £2, 135.;-. cows, with-calf, at: foot, ~£3 7s. 6d. :. i. At Foilding yesterday, tho company had a fair yarding of both- siieep and cattle. • They quitted all under the hammer at satisfactory pi-iocs. Good hoggets !were slightly easier, but medium sorts were firmer. Medium hoggets, 9s, 6d.,'95." 9d.,, 105,,' and 10s.' 9d.; fat owes,'. 125., 13s. 6d., .1-isl'4d.; ' store wethors, 12?.; 'aged ewes and lambs, 9s. 7(1. to : 10s. 6d. j cull ewes, "4s.'" Sd.; fat . cows, £i Bs. to £i 10s.; store bullocks, £i", 2s, j "yearling heifers, 245.; mixed yearlings, 255, 6d.; heifers in calf, JC2 ss, • • Messrs. Dalgety and Co., Ltd-, held their fortnightly, sale in Messrs. Abraham and. Williams's yards at. Eketahuiia on' September 25. -AH enj tries came forward except one Hue of-ewes and lambs.. Bidding was fair throughout. Everything was sold at lato values. 'Cattle were dull throughout. Hoggets niade from 85. Gd. to 125.; ' ewes and lambs, in poor condition, lis.store wethers; 12,5.; springing oows, from 412 7s. 6d. ta £5 j 'heifers, from £2 7s. - Cd. to, ; : young bulls, to JE2 10s.: ; GRAIN AND PRODUCE. (bi TELEGitirn—ruEsa association.) Chrisfchurch, September 25. Thore is no change in the wlieat jharket, and tl)o only business done has been in small lots at country stations. Chaff is slow of sale, qnd there is less demand fpr potatoes for shipment, .as' quotations. for supplies are lower in the south. ' THE TALISMAN' MINE. ; The inenibers of tho local' committoe'' (Dr. Knight and Mr. Weston) state that Mr, Bigelow, tho mechanical expert to Mossrs. Bewick, Moreriig and Co., having inspected the' jnine is fully satisfied that tho thirteenth level can be unwatered, and tho Talisman shaft sunk to tho fourteenth level with the assistance of a sinking pump/ . This' latter,, with the. pumps li&w at the wine, will, Mr.-.Bigelow says, be sufficient .to deal with all. the; v/ater. encountered in the. levels, and should enablo development work to bo resumed in the thirteenth level within a few months. This - additional plant-should" not cost moro'than .£2OOO. -Ifadopted, this scheme will solve the problem of the development of the Bonanza section at once. Ib addition, however,- ia permanent scheme is suggested by which the .Woodstock shaft will be sunk to the depth of- 600 ft. from river lovel, and connect with the fourteenth lovel from the Talisman shaft. The Woodstock shaft would then be equipped with a Cornish pump capable of dealing with all the water that could reasonably bo expected from either the Crown or Talisman workings. This scheme when completed would enable the present pumps in the Talisman shaft, to bo dispensed with, and the Cornish pump would bo worked at less cost than the presont ones, which aro driven by compressed air. Of course, this latter scnome would take about two years to complete, but-when completed would ciiablo tho mine to be worked more economically and 011 a more extensive scale than heretofore, notably in the prospecting of-the Woodstock section, and tho-ground to I lie north-sido of the Wnitawhota Stream.- As, howovoi;. the temporary fiohenjo would enable the Bojr.Mwa sootion to bo divclaufld dova to th« fouxUeath Uvel, shua.

holders should have no reason to coiriplain about delay. It is now stated to be pertain that tho water will not rise beyond Ho. 12 level; there is plenty of ore in sight above that level to keep the battery going, aid to maintain ail average of 415,000. a month. \ The shareholders will, it is contended, find a", few months hence, when .No.. 13 level "is |unwhtered, that they will have lost very little by the difficulties of tho past few weeks.' The fact that Mr. Bigelow was the. expert •irho designed tho battery and the treatment'pllnt of the Alaska Treadwell mine, which ranlcstin .importance, with the Waihi, should' be of Interest to shareholders, and satisfy theui that "the best will be done on their behalf. \ . THAMES DEEP LEVELS. 1 ,-(nr TEt-EGEiPH.—SPECIAL CORRESPONDENT.) 1 Auckland, September 25. j In connection with the Thames Deep Level! development, it will be remembered that ii scheme, to project a crosscut at the 1000 ft. 1 leVel, from tho Queeii of Beauty shaft to tho 1 ■Saxon shaft, and thenco to the Old Big Pump, shaft, has been approved by tho Deep Levels', Committee and also by the managers of tho various mines concerned. An alternative scheme was recently submitted by Mr. H. H. Adams to the committee, under which it was ' proposed that tho crosscut at the' IOOOft.- level should be put in from the Queen of Beauty shaft in a straight line to the Kurariui-Culedonian shaft. Mr. Adams's scheme has been submitted to the 'mine managers, who liavo now notified the com,mitteo that they consider their owii scheme tobo better adapted to the general interests of the field. . . . .With regard to tho apportionment, of '■ cost, tlie committee has decided that, instead of tho companies using the deep level development being called, upon to contribute 10 per cent, on all gold won bolow the 600 ft. level to a common fund, they shall contribute 5 per cent. The committee has. not yet completed its investigations and deliberations. ' DREDGING. . - (BI TILSGEAPH—PRESS 16SOCIATION.) Dunedin ; September 25. !Dredging returns: Manuhenkia, 500z.; Mystery Flat, Bdwts.; Waikaia, 430z. lSdwts.; Masterton, 26nz. ldn*t.; Central Charlton, 240z. 2dwts.;- Koputai, 230z. lOdwts.; Muddy-Creek, 17oz. 18dwts.j Welshman's,. 12oz. 2dwts; STOCK' EXCHANGE.' . : (Bt TELEOHAPn—PRESS ASSOCUTioH.) Dunedill, September 23; Stock Exchange sales: New Zealand Coal and .Oil, Is. 3d.' . , ■ BANK OF ENGLAND RETURN. . AT TELECRArn—PKKSS ASSOCIATION- -COPTBIQHI 1 Bee. September 25,' 8.47 p.m.) , . London,. Sept. 25. , .The .Bank of England return issued for the week ending..Wednesday, September 23, • is as under.— IBBUB Dupabtheni - Notolssuo ... £55,066.CCi0 Gov. securities£ll,ols,oo!) . Other securi-:. - . . ties .... 7,434,000 Sold . ... 56,UT,000 .. ' £55,260,030 ; X55.J66 .COO . • BAKKISO DEPABTJIENT. . Proprietor 6' Govt, seourl- ; capital £14,553,000 ties ... X 15.532.000 '' rublic d - Other securi- > posits ... 7,640,000 . ties ... 26,600,000 Other deposits ... -44,293,000 Notes ... 86.553,000 Best, 1-Ht.y • and other Com ... l,l»5,COO bills ... 3.761,000 .£70,250,000-. - - £70,250,000 ~ The leading items, of tho Bank' of England return afford; the following comparison:— . Tblsweek.Lastweek. Lastyear. Bullion «;■''• 3G,917.(t0:. ' 35.7f1i.006.37,369,000 Reserve... - ... 28,216,000 2",010,000 ' 28,#,0i)0 Note circulation ' 28301.C0J i 8,824.050 £9,110.000 Public Doposits ' 7,640.000 • 6,Q3?/ 0J - 9,302,030 Other Doposits . ■ 44.2W.0W 45,247,000 . 45,285,000 .I'roporiiou. o( , reserve to . \ ! .;j' liabilities... 51.28 54.23 61.30 government securities. . -The following are;, the'' latest quotations- for Govornment: sepuritiosi witn a comparison of those ruling last week,:— ■

' ; ' • , Variations • - ' ' Price . •• '• •-. lastT7£iok._ ! """ " £• b. d. 2i%lmrerial Consols 8-5 15 0 2s. 6d. higher *4. • ... ICS 0 0 • 10s. highor Si ..KS-YvMOlßMar-SepS ... 00 0 0 Unchanged 3 „ N.SAV. 1935 Apl.-Oct. ... 87 Vi 6 Unchanged 4 „ Vic. l£2o Jan.-July. 101 G-0- Unchanged ,3i „ Vic. 1921-6 Jan.-July ... 100 0 0 Unchanged 3. „ Vic. IG2JM9 Jan.-July ... 69 30 0. . Unchanged 3$ „ &.A. 1916 Jan.-July ... 99 0 0 Unchanged . 3'„ S.A. 1016 Jan.-July ... i»7 0 0 . Unchanged 4- „ QTdl9ls-'2i Jan.-July ... IC6 0 0 Unchanged 3$ „ Q'i'dl924-30Jan.-July ... 100 0 0 103. higher a: „ Q'rdl9-22-47Jan.«juiy ... 68 0.0 10s. higher 4* „ N.Z. ... 103 fl 0 . ss. higher 35.,, N.Z. 1940 Jan.-July ... .99 15 0 Unchanged 3" „ N.Z. 1915 Aprll-Oct. ... 83 0 0 Unchanged Si.,, "\V.A.iO2Q-40U&y-Nov ' ... WlO 0- . Unchanged 3 „ "W.A.J9iS-35'May-NoY ... 83 10 0 ss. lower • '.SO? 0 0 Uncbangpd. •3 yl'as. ... . .83'0 0. 10's, higher THE MONEY MARKETS. ; The Bank of England discount rate is 21 pur cent., to which it was' reduced on Slay 29. Short loans are quoted - in London at J .of : 1- per cont., au advance of i per cent. '"•Three months' bills, in London . 1.7-16. per cent., jn Berlin 3J per cdht., and w Paris at S-J per cent. ... .; COLONIAL AND OTOSR! PRODUCE.. •'Wheat.—Higher American "i)<! tin cholera scare which has led to Russian ship-' :ments being - quarantined at most _ European' ports have oaused a. general hardoning of .the markets; There is a good e'emand for prompt delivery and new crop-shipments. Six thousand tons New South AVales December-January shipment sold at 3Gs. ,6d.' There, is a quiet trade in Australian on' spot,, lots making. -40s. . (id. to 41s.' ■ ; l'lour,—Rather firmer but inactive; patent sorts, London 255. to 255. Cd. ' .Butter is dull and .unchanged. There is .no colonial butter offering. . Sugar.—German bout, 88deg., 4d. ' highor at Is.; first marks granulated, f.0.b,, Hamburg, id. higher at 12s. 2d. per cwt. . , '' ■ • Bradford Topsi—The market is quiet, and prices are barely maintained. - ■ j THE METAL MARKETS. ''. • Copper.—Spot, 12s. 6d. lower, at ,£59 155.; three months!, 10s. lower at £&) 12s. Gd. per ton. ■ Tin.—Spot, 30s. higher at ; three months', 355. highor at .£133 10s. per ton. • ; Lead.—iCl3 per ton. ' ' . Pig-iron, 51s. Gd. per,ton. . Spelter, d£l9 10s. per ton. ;. WHEAT; (DT TELEGHAPH—PEES3 ASSOCIATION—COPTEIG ET.) London, ■ September 24. ' The American visible supply , of wheat is 39,855,000 bushels. Seven thousand five hundred quarters of Adelaide September shipment sold at 305., . and 12,000 quarters'of Adelaide, or Victorian December-January at 375. 6d.' . SILVER. Silver is quoted at 23 15-16 d. WOOL SALES. London, September 21.' At tho Antwerp wool sales there was a good attendance. Prices for merinos wore unchanged, and firm. Crossbreds were generally dearer. Out of 2710 bfilcs of La Plata, 419 were sold. SOUTH AUSTRALIAN LOAN, (|)T TELEGRAPH —Pit ESS ASSOCIATION—COrTIIIOHT.) London, Soptember 24. Tho applications for ■ the South Australian lo.an in cash and by conversion. total nearly J?G4o,ftoo. It is understood the cash' applications are very small. Scrip is quoted at about one-half per cent, discount. ! Tho South Australian loan is for .£2,000,000 at 3J. per cent., the minimum being fixed at 97}. A* prospectus issued by the South Australian Government invites the holders of its .maturing 4 per,.cent, stock to convert tho samo into an equal 'amount of 3J per cent, stoolc, with a cash payment of 475. Gd. per cent., the holders retaining tho January coupon for paymont of interest when due.