COMMERCIAL

Dominion, Volume 2, Issue 405, 14 January 1909, Page 7

COMMERCIAL

TEE SHARE MARKET. • No business was'''doAe-. or ..repotted at tho meetim* of the nieiribers'bf-the' Stock Exchange yesterday. The quotations were practically unaltered/ Bank of Ken- Zealand, buyers 'jE|,Bs.j National Banks, buyers .£5, sellers'£s ls!"6d.; Wellington;' Trust arid Loan, -sellers:\£l 75.; Ne\v Zealand and River. Plato,,, buyers:'>£l,-.115. ; 9d.;cum .dividend; National' Insurance, buyers •61,75. , 3d.-; -New Zoaland 'Insurance; 15s. 6d.,: sellers- .£3 .IBs," ,j9tl. j Gear Meat, £i naid, buyers : JED ".i65.,; .£l', paid,., buyers J52.95.;, Wellington Meat Dijiort,' ,£4; paid,. sellers Manawitii-Bails,' buyers i: iE2 13sl 6d'.;' IJhion. Steam, sellers .£1 lfis. 9dr: Wellington. "Woollen, ordinary,buyers .£3 15.,-- sellers ,£3 '25.; -Westport Coal, sellers - iB, lis.; -WcstpPrt-Stocktori, sellers 9s. 3d. ;;D:I.C.; preference, -buyers 21s.'; Kauri Timber, -. ; 15si. paid,-, sellers;■ 145...3d.-ley-, land-O'Brien Timber,-.buyers il:2s.'.9d>, sellers,j£l Bs. '■ 3d.;; New Zealand Paper Mills,sellers 'isr 2s. 6d.; Taranaki Petroleum,'-buyers ',75.3d.,, sellers 9s. 6d. "... '

• V;. THE .MINING irARKKT.-' .: Yesterday -a, sale- of Talismans at? ib'Ssl' Tv-as' reported, and holders of ; th'e* scrip'• ''rfill f.'bb'' pleased, for the price paid'discloses confidence' in the mine. It is some time since the Scrip changed hands at such a figure. Yesterday's quotations were as under rv: .-.i-.m.v :• '. Buydrs.i-'iSeller?.'/'; SnleS;" .£ s. d. ,£ s. d. .6 sid.' Talisman . .... -?2.r5-6 I■G ■■ 3 ■ 2 GvO: AVaihi ...: ... 816 .ov.isßil7.v6 :--'. 'rr : ' Waihi'Qrand.'Junc- - :l.u - 'i.-'.V -i ' tion ... ... . .. I' 3 9 — '—. N.Z. Crown ■ ... ... 0 3 U 0 i 1 ~ : ' .Tangiaro ;.. 0.0 -G • : ,; >5 Big Kiver ... , .... 116 0 -r- .: ( BANK.RETURNS;-/'. '.u; The banking-averages for, the ■Deeemb'or-quar--ter of 1908 disclose aliiiost':similaT movements to those - noted. for,; There is again ,a s'ubsfaritial iucVease in'tlio advances, and- discounts,: i in the free ,deposits' or-i-'current'-'accdunt- balances, and shrinkages in note circulation' aiid metal reserve: . .The - figures • in', theiriXeiitirety prove very' conclusively' tha.t ,tho r hanks, ; in;.the Dominion, baTe'''ddn^.ueif'Uhnb^t^ro ; 'iA'eet' the demands - made- .upon .{.thMST'-; The follpwing. table . will illustrate r "* De" , ' Dec ,' ~' . -11907,- 1903.- ' : .£, : Government deposits ...'1,952,428 ' 893,686 Free deposits ~.;;-i1: , 135,009» .9,529,657-! Fixed ..deposits: } 9,G5i;59t: .r9,592,593- ' S'-: ,'". " §2,739,731' 20^315,733 Advances!: V... ; '.^ 3 q17,9J3,^8.^19,123,523:j Discounts , ... ...„ ...... 2,069,272 . 2,300,223

', •: •' 5 19,9-53,i30' 21,423,751 Thus it;.wiil;bp seen; jthe.. banks h'avb .had to find ; w62,'423,992 to nicet- the.;,demands .of ide-. positors, and,'in addition,/liave,'had ; to jprovide. .for.' 'bpriS'iPe^V'Ltp^klhg'^ii.'to.fal, of. J!3,864,613. hlnstead ''of cejjsuring;'the":'hanks for; not ■ londing; freely we -they[have ibeen able.,to Sciommodate/';ih'e."nu%.' ; lib to the extent' they 1 ' havo :!l dfi%or''dtiermse''i tho,.'depression - would have been felt rather' severely in.'New.Zealand."- ;&;'* ! : ' The advances- show. an : iiriorefise ,'o"f-'41',209,665 "as: compared-, with: the,corresponding:quarfe"rTbf' 1907, and whilev,every 'bank-rhnso shiredf-in'r.the increase, the Bank "of ;NewtZealand,has!seonrbdi. l the uon.s share;. , f The;raoyeipeuts" as: they-aflfefet e^6b"-^tfiik;afe^3§n'.\m-;^e^Ue\ap^i^i^7.-Dec, »1 Deo, •> v . - ' i- ?■?;4Wf'>^^'W°l9(lKUti->llu»eaaei • Hank. . ; ! ••••; .New .Zealand' ..: ;6,895,9n';":-7,431j8?0- •'«>5851889-i3,240,D68-109,926 N.S.; Wales .; r ..,, ;2,709,165 -; : - 305:290, •Australasia • :■'..i 2,725,453_' ISi.SOSNational . ; 'ivV.^i pi' '' . .17,913,555 ; ;.19,123^23. ';;i,2q?,GG.5' 300,228, .and this:is.a-. je,c6rd ,f6i:'.l:he Pecepiber. "quarter.; quarter, bfi.' 1907 , there' is '• ttio ' subs.tSiltial - in.crease:of' of. which was .the share• bf 1 the 'Bank-',.,df' Nftr ;■. Zealand.-? ;'The'. .figures'. of the':, several' ibahks 1 : 'ConibaTb "- asnnder 1 .v.::-7.-:i - \ . ; . ' -Dec.';"'',7D^P".', r " " • . Bank. .. . . £, .t- 1 New Zealand i-.. ' -.N\S. Wales . ... 246,041 292,31S ~ 4C.277 Australasm . ;;,;. ,;:;.341,14(f:^.(38ff,77i;';,.:.:;.. ; 39 ) 63i 'National--., '- ; ... 312,7 G.i J,£21,801, T t "fiSS

;m.;V...' 2,069,272 , >' Ob'tdinv'ii .thorough: apprecia&mrio'rthe'asp gregates ■of .• the/ advances; and; discount's,it- is! ,necessary. to; compare the:figuresfqr. a ieries.of, years. In,tho past- seven- gears' tho movements Uave b'6en 'as'under: —m /, 5. ••'/''V December..! Advances.!.;. ilis'countfc 1 .' Totals - ' Quarter.., .C ■ .s .;" .'V : ' ; ' 2. - 'i.823,0 j£>: ' *-12,944,010 ' -1903) !••• - ;12,055,611 ; ,•: -1,993,097'. 14,078 708 : :. | }901 13,092,1 W :, 1 ;2;155,0ir ;l a v i JnSf : - 14 ' 0m 4-"'; " : ' 2 .136,484i'10,217 94-1 ,',1906 ..-15,622,549.: 2,126,376 : - 748 923 - .1907 . ... .-17,913.855. 2,009,272 19,953,130 ■ j 1903../..;>■; 19,123,523/,;•/. 2,300,228/ ;,vi-2i;«3i751-: In; five? yoars,. 'there:' has been an . increase of 'over 50 per. cent., iti'tliev totals; but "this is not : an.unfavourablo feature, 'for, .it is':'6bviou"s - that-■ tho s e^vho.hav6.borrqwedithe,nioney,havo.been ab.lolo make 'goed; use of it, end probably the . greater prpportipn.has b'eeh : ,utilised'"'ih develop-'' ipi the resources;«{. ,th®;couhtry.' "V----■'flio\ v" epnVe;to'_;the deposits,'and,'is already •stated, the free: deposits disclose ■'a-'shrintae'a'' 'being less by than iniDecoinberl9o7 Comparing 1 the figures of each 'ba'nK, "■ ire"obtain the following:— : . Vjßank.; .'.:/. Dec;, 1907. Deo.-, 190 si Decrease.' " ■'■-£: .*• a'--'i , £ . Now ■Zealand..!,:-,.; 5,102,776 4,407,217 - 695,559 : V"v i,602,84Z 317,948 '. 284,899: N.S. Wales! 1,498,068.. 1,226,320 271,748 'Australasia ~- ... : ~1,243,571": .'.'.'1,015,599 ' -J ""227,975' , 'National .■ -./1,685,744''-'t i: 1i562,573-V^126;a ; 71 ; ,/■ : ; v - .11,136,009 •?-9,529,057; "•^6o^s2'

*o?, de P^? l^.: and :it is surprising :thit:there "Shoiild'l .bo any inorease' at, all; .considering',;the l demand-1 .tfiat exists .'for; money at: comparatively- high 1 rates.... This- lhoroase ssems- to .indidatov.that' j some investors • and .. speculators: aro -'holding' b.aok expecll ng to., see 'Values of securities .recede ■ J *t isjusc^possible;-tha^eipectatioii.-^ ' undttf • figures' of each -baiik \ compare, : ;Bnnk,. ... .' - Dec.'i 1907/Deo,jMOS^lnbreasev New. '.Zealand'V.:v : 'i, 654,-735 N.S. Wales . ...: 1,636,044'.;: .1,694,62858 sg4'. Australasia . .581,781646,9157 -. 65 "03 Clonal - . ... 1,458,001" i; 479,653' - 23,682 .r ; . ' 9,651,204' :"'9,692;356' i1 ' : 241',102 Taking' a/soriepof!years deposits 'compare as under.;:—;. •<• ■:= >■'vT December Tree Dep X ised Dtp Totak Quarter. - ,£ " - r ■1902 ... '7,676,082: ' , 8,722,307 : ' 16 393 419 . .1903 ; ... 8,361,648; '• -/ 8;945,587 ~' 17307'235 :: -; 1904/, .8,425,376 y ' ; 1905 ; ... .8,836,507 ,L8;776;098 . i; .'i'lß SlffGOS 1 1906- ... 10,250,540 ! ■: 120WTO •1907 ... 11,136,003 . • 9,651,294 •' 20!787;213i • 08 9,529,657. ■:' V9>B92^9G/i,} .V r. 19|422*053 ■: As showing the, extent of the:iiSsistanc'e' rendered by. the; banks to -their.: customers, it ■ iivay be stated' that jot [years past .tKejfi*ed.'and(-frte deposits.i Combined, exceeded ..the,- aggregates <of tlie advances arid ;disconnts,-but last quarter; th&movement ~jras;--'reversed, ing- is therefprß.ihterestiiipf 1 .. Deo-: ' ~i.n.Advances,. Esccssof Quar- . : -.,., etc. -Deposits.ter. . - £. ;' m . ,;x. '.£.. 1902 .... 16,398,449-.12,949,010 - 3,449,439.' 1903. ...- 17,307,237.": l'-i,078,708 '.. 3,228.529'-' .1904:-; ... ; .v. 17,524,386 ' 15,2(8,1-19 2.276.237' 1905; 18,612,605-' :i i'6,;!17,944 : 2,494 661 J ' 1906..,,...,. .' 20,093,798 .1907 . ... >:. ... -. 20,787,213--'t 19,583;130 '"Oi-' 1908 - •;...:: v.2,C01,W Excess.of•;idTancM.v;.?.s:i>\M.- , .?;i', We have now.; to deal' witli : ilt.e nofeVbircSiation' and; the coin'and.-bulHoh;.and ;: nhder'both''heads' there are. decreases'. -. Th'o shrinkage .in note ciri" culation, which'-is slightly morevthSil-p^M,000, 1 indicates; tho state .of domestic::trade;.l There is dullness but no .depression? -.The -figures aeron iUnder-t-rvii,-jin.r-' -rfr.w. Circula-' 1 Cdm, 1 Decombei twn ole (Juarter. , • ■' , 1002 .: v -it'.. -. ... ; : 1,399,04-t if :. 1903,; ;.1,466,279''^3,'716,550..;=-', v--- 1901 ... - 451,515K.3,953,075. /;' 1905 . ... 1,463,5f{,.; 4,052,173 , 1906 : ... 1,611,221 4,696,758"- "i ..' IM7 ... • ... ~ ... 1,641,853'4^954,5Gii : 1908 > Surveying the ''.figures -as,.n»whole< it-dofes.notr appear that anv tested ..itsel f. New :• Zealauf is! -holding :its - pwri, butrtKere .is' still reason fd'r..e}cercismg':"caro''a'nd caution; ■ :With l '.br,untifhl: . returns' , frqm" the igrioultiiriil and : pastoral,': ihdusfries' niid ' lesBeiiod iiimort'B.;thcre is bound to bo o revival iii trade : ana a return to prosperity,''

LIVE STOCK SALES. _ . - Tho New Zealand Loan , and Merbantili .;; 'Agency: C 0.,. Ltd.,' report ..on their -Bauinai. sale as "follows:—A.'moderate entry of cattle carno .. forward,*.and met ■'iyith." fair, demand., Ovring v.vi, to .settlors, taking., advantago of tho. .fine . day j fori harvesting operations thera'.was not:£i largo attendanoe. " ;"i,' V/e' quote:—Forward bullocks, .' . : ; X;i 10s.'; "heifers in calf, X 2 2s. 6d. to X 2 123.; eniptj three-year heifers, .£3 ss.;forward - empty-sows, .£3 10s.; fat coirs, JSI 7s. .64.; bad -■■ coloured yearlings, 225: 64- . . ~r ':Me'ssri. • Dalgety and Co.,- Ltd,-, report on their■ Wangiinui sale;held -yesterday-. as', , fol}oiWK-.;> < J ! vt To-day, 2500. sheep were yarded, -and. a; small entry of cattle.- There was a good demand for ' all :dasses, and ire cleared:the bulk under tho. hammer.' - QuotationsFpur-tooth wethers, IOsI ;, ; 6d.,i 10s.-lid., to.lis; sd.';'cull,"wethers, 9s. Id.; medium'two-tooth wethers, 10s.; good.two-tooth-ewesi'':l3sV:'3d.| four-tooth ito ■' sd. -to 9s. 7d.;. old ewes, 7s. to 7s. 2d. [ ewes and .v;;:!: lavribs'f- fall: counted), 6d.,' Tsi.'Td.; to Bs.- Three.to.fonr-year.bullocks, .£4 ;155.; springing heifers, cows,;: ,;j' •in milk, cows, ,£2 145.:, V;.,.:.V;:: Messrs. Dalgety.iand',Company,'.;Ltdi,.,report diaving.'; ; held~their . fortnightly, sale , at: their I Mastertpri yardi;, yesterday,: . when : well; : ' ahoyejadyertisedj numbers came 'forward.: "All .sheep imet' a . ready. salej ;'and biddingwas. /spirited;- throughout. 'Out of :'a' yarding;, of; -If. ■ nearly 3000' they sucbe'eded in effecting,.'a clearance;;. : of, all lines; with the exception ot one or two pen's.Cattle -.w;ere:- - rather-'d»dl''of'.Bde; ! ;;.'-.We;.l:i.-«; : quote:-^Twoi-four,-and six-tooth ewes,;l2s. jßdj-jV. it; 'f.i.m..ewe5,;.75..4d.: to; Bs. 4d.;-,two.-tooth wfethera," ;.;r----:1- 6a.40. ils. 8d:woolly -lambs, -7s. 1 7d. ;". shorn;... -2 ■;laTribs, : ,:.7s..]4d.-':t'o'.9s..:id.; cull lambs, i4?.'.1d.; Cattle-Empty ..-heifers,' ,i 2;; 75.: 6d.; eighteen-: y;/' ;™tith'':'h'eifersj-'2Ss; ;6d.i .two-year heifers,:- in calf,-'iE2;"Very:-forward three-year !i heifers,;-i!4:: v r3, . 3sT;i forward-steers,' i 4 "13s. 6d. ; ; yearling: steerr, v; ' v r. I and heifers, 2-l<: 6d. '■

ADDINGTON STOCK MARKET ,:;(Bit"TEIi£GnA¥ii^RMS;iSSOCIATi6N.) --C hr Ist c h ufc h, January 13. ■. c'At "Addingtoii yards : there-was a fair of stock 1 : and\ ; a : -"good,--atteh'dahce.' : -Pat ..cattla i, were Store' Sheep, especially lambs, sold 'V weH; , ;'4hd.';fiit .;lSihbs.'Jrere'".about:-.eqnal-"to;last week's rates. Fat sheep .were firm- and ewes. deader,,:.6n;,-.accountvof a. small., entry. ..Fat.. '/, pigs/were'. slightly....-easier, and-; stores un- i ",:There: : fairT.demand for". stor«. ; *{j and; dairy cattle... The, entry.of store sheep wa* f; : larger'..than'.for''sqme : weeks past,' - lainbs; forin^';.;7-;J;.'' ing jtfie principal, jproportion. ''For -lambsithAt® "iwasi a'Veh'-^kwtii.aeniarid^ahd^hey'soldr-iipHo "."iWi;' all 1 lots being'sold"at auctiohiviOtheiv:«:. : i;:/ '.stores.':also-.;. .sold - well: '.lSmbsiinade. ) l2&..fe:i3^7di.r.otlie^, ! ils'^to-.ll&<^' .lld.i , .Vethersi; ; lls;;.'to;.lss.:;'-'ewes;rl4s. :^ ..to/v-Oi':.; l'Ss. \ 6d,'.; and;ewes and.lambs, .all counted,:.7s; '~; 10d.{ to ; 9s: : 6d. . The .yarding of fat .lambs w.aa . . 'li • fidtis.o.Unrgel'as':.the,:,previous ;week, 1 ;but,: they -~'J :were,rapstly:iii {a?Hy i 'l(iTg<j s ■good jdeniarid/fpr' export, 'Jand'-.'- prices'' showed' not: .''-lambs 1 made-135.;;, v/f-iy ml? to 16;?.-;:a:few to:i6s."6d.;-lighter sorts,l2s. :' : . T :;: to "13si i J'-Ther63vas large yarding-, of H fat .sheep,Vand; thaisiipply iproxed. .-v'; for the;focal trade;"sp,.that:.the-'market:was!firm;: ,throughout.:'-;.JVethers.shoiVed up:to rates,-;;i' j and'/e^s..,(6f,'.:'whioh" ; ;there.' < jnumher.i' on;'- bf(er)':'shbwed; an. advance. Tho'. ; Vy pricei!VTrds^Primb;wethers : , 16s..'■-toV'-.j'.iii; 18s.; 6d!;-;'lighter;' ! : ) l3s.'; , !7d:> ! td ; : 155.-6d:;- ; prin!«:V Wesj»lss. to -18s.:; -others 12=-' to> 14S-' Gd: J j merino ; 3wethirs;' 10s: ; "6dv ■' to- 125.-'' 'f 1 -': v "JiTtie.shpply, of rbeef comprised;3l4-head,-mostly' ( - :Sv, i g00d.,.-to .-prime; Equality;Tlievdemand; ;wa3:ivfe'i 'fathef-Jslack, .-and.-prices Vreceded.tO;;the-level Primo" beef - -«!on4l''^'''^s;J^,'.^l^eiqim l : ': I8s>; ,6d.*' 'to :-20sJ. :.6dtand; cbW;'nmd 175. : : to '18s.: per. :}j),01b.,;; Steers:sold; at .£6,105.' to?.i9 155.; heifers,"'ft £i-_ 10s. to SI 12s. 6d.; cows, £4 7s. 6d. to £1 ■ ~los. I There . was a fairly .large-'yarding jOf stora-. . ..; cattle,: .including-'several^lines. • trucked; ron.':tV iK; generally' ii ! 'h'etter' ;di|ioh; th'an: those;that, have.come up There .wis,;a fair .demand,(and most lots were'. cle'aredsat. aic,tion.;;.;Local cattle sold as fol-; .v • dbw^2{iyear-steers,"; "35.; •; forward 2J-year haters, M 45.; 3-year heifers,~LE3 95.; dry cows, • : jcbwi, , i£3'; l lis.'-''-There "a 'small .yarding ; of ;d.al>y.:CoVsi^"lriostly;''q^ja' l^'ob^; '-clasb,•'^bnt;; •hetter.'sor.ts Isold >welk 4Qs.. S to '■ j616;* } '12s.' r : ~6d., ; ,; according. ■ to; : >ake.' aid;;VThe :-yarding; of; ! pigs';.Was>an .'average"one, 1 and : ,allvsorts;;werb'rather : .easier;:.'.'.-Large. .;babonera i{Sjf;:; -made ■'50sr'tb"!i5s'r;:smaller,'43s:'6d. ..to'49s;r-eqU!Q" f¥; ; 6i; tb:42s;/2SS ' 'stores, 295.' to ' ' r ' : 3osV;' : -smSneK.:i'2ss. ; "t6''-28s.';:-:.w6aßefsj-•"'l7&r r -trS!?''. , l-' 1 .'IBs.; and suckers,>?l2s;'to: 15s;Vi:■ ;IV. ;. ■) ! - 'V'' ' ■i"". 4 ■ , ' I BTJKNSIDE STOCK, ' " t V I (BX TELKGt'-.'.ril —riLESS ASSOCIATION ).V , j; - Dune din, .Tanuary '13. -. • ■ r- OT»etwe®kly.': ; rep6r6: ,of ;frahsdotioiis -/at" ' ;side;;'yaids"is>as;:Jbllows^ , T fShe6p:; 2630.iyardea4:; : ''vr, r -; 'a fairf.yardingj.'ihcluding ;, eweS and. a. number..,pf-prime wethers. . The ' i i ; sate ■ opened with;: prices. about: Is.: Gd. ..easier '-.ivv, . than ilastTjve'eki but., towards : the end of ; the , : sote; th"ey.,firm.ed somew'hat.| " .Best wethers,-,lßs. J', - to 10.-. j - extra, 21s. 6d.; ' mediain,. 16s. to ;i7siv;;-K-V ;6di;';inferidr; 6d, to -155.; best..' . : ; e>ves," iss. to 16s. ,3d. i extra prime" and heavy,-' '; : 19s.- 3d;; 12s,'.'; to 145.;; inferior, ; lup' v r :l -; : .to.los."'9d;r 1 vtLambs6l7 good: yarding.:' .-v'' heavy , lambs; sold' well,/while other, sortr A-: met; with only:ordinary demand. Best" lambs, ;165.: tb ■17s. : ::9d.;: ; 'tnediumJ 13s; J to. 14sl: 6d.; : - irt« Vi;-i*. .ferior. : .and light, 'up to lls. 6d. ■' . Pigs:; '120 \ Vfair-' yarding - of ,all ; ' : Bnces - fb'r : ' young ,'|rtgs wero . h%rely': ' 'as good as'last week's,-excepting for.a.few,' J: of: extra'quality ."Porkers, aM 'baconers'wen ; -'easier,'the litter -falling,btf'.aboot;ss. per',head.';>i . .Suckcrs. 'lGs. to :20s;i 'slips,;23s.; to 2Ss. j l ''stores, ; ,335. ! to'*3ss. ;:porkers, 37s:'! to"4os. j light'haconera- : ; ''43s.:to ! 4Ss:;;;he'aVy;.50s." <:c»-sSs. :^ . head'yaTded,! chiefly of medium; i;>& quality;:-. TK© supply fof steers was; more than; "•■H* bmpla,..:for requirements, . prime <'biillqblcs. .being-v-fuHj-, ;ss; ( , aiid -.'.feedinnj'-.'"? 4s - quality bullock's ' ,-Prirno' bullocks,' •: £1. \ 15s. to) j210; extra heavy, to.. K, (. 12; ■ jßedhim■ to good, £] ss. to iCB 7s. 6d.| /. ;, ■ lOs. t'o i;S 15s. ; best c'ows and heifers, .'." ' i : lOs^to.^j;ss.;; ;ordiniry,:.X4 : ; to .£5 10s.. ; -

I 60TC15'.. c6XTnACTS;' . . .vctThejDppartihent, of-Judustrles^^ ; a'nd' ; CDmmerce'^- t ;K: ■;has : reocived,.fro'm the. British AVariOffice, forms. of-tende'r/iorHheiis'iipply; of .-frozen 'in&t;iir '7/05 .hulk' ; to T : his^JfajestfV.forces",:'at> 6ibraltar.: ; .These! tenders .are to /bis*'delivered/ at. the .War i ' "S Office,-'Whitehall;\Ldudon," by 12 ndb'n. ph April: , DUNEDIN . EXCHANGE. :. T^S I Hy^T?^ ss S^SSOCUTIO!f.I;: "'■ !•"•.' . !;..-' ... Punedin, January 13. . ..;':.!rhe following sale' toPk place to-day.:—\YaiW -i-!'. ?. '£$'■ 165. ; .". r.: • ; v. / : : /;:/.-!:;i!; LONDON WOOL SiLES (BY'TELEGliirltr-rKESS ASSOCIATtOS—COPVBIGHT.j -;!;V,.-J ':.Vv••'•London, January 12. i-'For. the, w901.-s.ales. the arrivals to date'total • 347,000 baleS. There'have' been forwarded direct vKJ>IS:7,OOO! bal^,''and-i there 'will'.:be ' available' for •''^•> the !sales'2of,ooo.'.i •: ■'• .' : . .: ■ -.»'■■ "=;/ - . ' • ' THE JIET4L JHEKETS (I3Y .-ASSOCiATtON—COPYRIGHT.I/: . '--'" V: 1 1 " London, January 12. '• 'Iron; "4Ss:',lod.. per• ton. *! ~ - . : - 1 " i' ' i/i : Copperl—On spot,'.£o2 155.; thrco months .'" •■4E63UOS; jele'ctj-tflytic*^ l \£66 ! loi;: ■ : :" 1 -w>!TiniJ-Oh«spot, ,£126 : 12sf 6d.; thrco:' months, " iCl2B:2s. -Gdr:;;Th'e declinft.. : is?due. to/pe'rsistent -'''V: selling in. anticipation >of -; heavy-' shipments of Straits tin.

I . BANK SHAKES. •■ f' :(nir "' ;p ."v " tendon, Janimrv 12. ! /Baiik.;,, i..^Buyers.'' -Sellers;' : , .« s; d. £S. d. '' '■ •:.- Australasia Vliv'lo7 10 iO' 103 10 0 New South Wales'' l ' 43 0 0 44 0 0 Union ... ... ... 61 10 0 62 10 0 ' : New Zealand ... " ... 915 0 ' >10 50 i: AUSTRALIAN. MABKETS. ..; . . (BY "TECEGIiAPII—rRESS. iSSOCIATIPN-—COPYRIGHT.) ; .. ■ • *• : Sydney, January 13 • • . Wheat, 3s. 9d. Flour,:Jo9.lOs.i Oats: Algerian ' - •2s; 4d. to 2s. 6d.;-white, 35.; Barlev, 3s. 2d to ' : 3s.'!'sd. Alaiz©:- Prime, ss; seconds,- 4s -sd. ' Bran, J!3' Pollai-di' J26 Potatoes Tasmaman, Trkitn- skms, JSSjlOs.:; local, to Onions £i ' s's;'! Butter, 965, to 100s. , Bacon, Bd. to 9d. . - Molbourno, January 13 a;Wheat;','3s. 9d;v.llonr/.^-.lsS'V l Oats!'AlwrikW'v ! :A. ■ milling,- Is.- lid.-: Barley :- Cape,- 2s; 6d.; Eng. lish. milling,- 45.,v.Maize,:.,45.,: 3d. . Bran'-- lid ■ Pollard, 13d.• Potatoes: New: Zealand pink-evn'^: ' 55.. to M 10s.local, ilt to X 5., Onions! ' ' 45 6 1 -i:.. L.i .. • Adelaide, January 11" = Wheit, 3s SJd. Hour, X 8 5s Bran and nil. I'litrd ■Is ■ • " ■' " - •' ' . ■ '