FINANCE' AND COMMERCE.

Dominion, Volume 2, Issue 406, 15 January 1909, Page 10

FINANCE' AND COMMERCE.

;/; A.sale; of Tim%r- v .sHares at : , of the'market .is the"strorig' upward tendency, of:■ Taratiaki petroleum shares;--. On Monday buyers offered' 45., : . on , j Tuesday the ! bidsV Tvere. advanced -to 6s. 3d;, on W«driesday 75;;3d.: was bid, "an;!, yesterday otters, of; Bs. :9d.- failed;.to. result: in business. ; -Bahk.jjof:: Nwjj Zealand, Ss. 6d.; WeUingl;o£ £ru'sfe r ijn'd>L<>an,' sellers £1 7s..••New:lZealaricband ; Kirer Plate, buyers'; #I '/■tls':.. 6d<; New Zealand.. Loan,;: and .Mercantile,. sellers -is,;: Wellington ,' ; Gas,'> sellera\3s.i premium; National.■lnsurance,>Kiiyer£.SEl. 7sl:6d. ;.'JJew. Zealand Insurance, buyers -£3 15s. 1 9d.,;. Gear. Meat,. £4 paid, buyers'Vi9, 165., '£1 paid, , buyers £2 9s. 6d;;. Meat .paid,., sellers Js|-.?ffffiHTatu^Railsj'ibuyers'' : 6d.; .New- Zealand 1 \ Shipping, buyers .'JE6.!I2s.;6a. j; (tJhidn :Steam, buyers l'JSl 165'.,. sellers -'£1 16s.:;9d.;4Westpbrt;Stockton".Coal," sellers _ 957: fid.; D.I.C. preference, buyers 21s. > LeylahdO'BrieriTimber/ sellers ,£l',3s;';Taranaki Petroleum, buyers:Bsi?9d,, , 6d.; Sharland's ordinary ■ j-iy- ■■ v ;•;- : r :.'■; Tra^^^|&iKM i^^|fe| £2 ; Gs. 6d.y ns.'/m qupta^H|: , |^aC^nd^«rJ ; £S [~Z r -' ; S:"~'-/ : -' : --';-^#j;BM5^Saftr3-^S9le8A ■ ■■■■.■•■' ■"■' '■-■■■ ■■.' : "-./:'.i:>.«Si6 , «S-.*r :^e*te'avi^SBi 'idiTalisman , ;.;;,■ 6 .• 6 Waihi:^::;.... ,"...■; 816 6.8 17 0 J 817: 0 N.Z.'Cfo.wri ~'Ai~i .ajS-U , i-<s«->; ■Tarigiaro'■;■>-..■ ... : v . ">ii--p- ."' :-\ : ;•>";■> ™E. WEALTH OFPEANCE. '■' Death' duty .statistics".communicated .to: Par-~ liament,;sa'ysr'tße;'!Paris'''ibrfespoiideiit"''of the Londot-.'Dailyr'Telegraph;''Vgite,'-a .remark;;' able idea : of the "wealth; of-.Prance.".. From these it .appears that more" ihian half the'population: of: Prance has.property.'to'.ibequeathV. v The'.totaP iriiount'.' of money "left by* persons who died' in 1907.amounts.to J2218,440,000.>'The number of,;thbsfs''"\vh'o: v reft : property': ■,waa? , .0ver"400,000... while the total deaths did not reach "twioeithat, The average.:;estate possessed■'■•by ; :a: ; Freilch : man or^.w6manVii§,'i:therefore, nearly .i£550.. : ..<8ut '. the .most- remarkable' the number of.'small as 'compared with; England;:. Thus ■ ,£330,000 fra'B left :in suras not, exceeding j^oo.;. Of estates' .between- that •figure, ■and .£2OOO. there, were, nearly. 48,000.- On the. other hand,' large .few.. Only. 534 persons left over.',£4o,ooo ;:biily,seven died worthlatter being, the; largestVfamount '[. recorded;'. >. ' • Prom': the' death'duty: figures': statisticians .deduce- tne!following conclusions:—Pour million- Prench: persons own, less -than; JBIO ■apiece,-.4,ooo,DOd.aess "than: Jso:' and; 4,000,000, and lrioreiless' than'^2oo.■; -But: l,7oo,ooo:possess .ESiO'each; 270,000, 175,0001 itiOOO, Jand ; 9o,opo from>i£l4iOOO- to .£28,000. There are 18,000 : possessors. , , of;.: l.OOO.OOpfr.—that' is, i640,00p..;.-Verv.'; large , fortunes' ''are ..very;, few. No one'died in 1907; jrorth; more TKree estate of .-tKat'auiount''paid'duty'in 1905,; and three in 1904. :-The total wealth'of France. is-..estimated .at-v about' : 4900,000,000,000, r .and ; f there, isfnb'country .whose ..wealtK.B-so.equ'allj;' ; divided l ; ; among;- the. inhabitants.;" : -V,'.; i C 9^? -■ ■•',■ ■y , The-book tile, vessels of 'thevi|enin:; iSiiJar'and OrientalVSteam Navigation -Coinpany 'for- the: ; .yea'iv'. : .'ended- , September.' , 3o,, 1907, was. 'i'he'.directbrs' during the past year : have.V.wi!itteiu : that. sum down .by, ;,£3?4,144, ,re-' '.ducing ;the r fotal;'to: "-.■The}-r'egiiitcred- '- the fleet on.September'3o,'l9oß,'■ jiW ■380,425 .tons, of ships building 33,000 tons;, andof .steam: tenders and tugs 3325 tons, or:a.grand total of,j 41G,750: tpiiSV during. the,. yea_r .ended-September -30 ■last'irom* freight charfefs''and~misd'ollaneoiis seCTic'ds wife .£1,520,081,ff pm : r.passage;lndney.'iE:lsieß,266,' and ■' froni". the; Governhient.-' contract,,.-services India,: China,-and Australia thei.total. income -for: the , , year .amounting,'- t0'■,£3,079,939.; ; The ;chief..items of expenditure were' Xl,3'H,tiZl" for .'the 'cost of-'riavigatuig' ships7ietc., -inolu'deli in which, is; £USM2 :: cost! of coal? The' p'rpvisibning iof. thevieet::cost ; ,ie3o4,7<j4,u- the'-:Eruez Canal.djies.amounted arid repairs', and absorbed. : The 1 surv :plusv.available,;,including-.^l^ , l29r:br.ough(;-:fo);-: ward from the previous year,' , was) j>267.225; , .Dividends,of on-.the prefferrediisti'ck . and. 10 - per ceiit.-.'on , the deferred stock, trgeflter., withaubnus.bf 3 per.,ceht.-bn'-th6Jatter I .<).te(!kr .took : i£2oßißoO;'leaving: £68,425 *tb be xnrrie'd for-' • ward. ■: In view.! of .the heavy: cosf-'of. i'uel and other, supplies! the directors laid up some of the cargo: vessels-- rather ..than .run ~them ■ at ■ a> loss.-. Preights decreased by ,£35,534, or a iittle'cver 2 per cent. ■on'r.the'JJfeveiijte of thif BffiQia'a'Cyßpftr The surtaxyjmppsed: bys.thefcompatty--=]n' ; c(nise- v quenoe of *tne.increa'sed : 'cpst/.gf.,fuel.,a])d' snpr, plies led to additional , the. passenger .returns. vHad-it;not;been*ior the ? Buitax a considerable , ■deficit "fiave' , leeri; disclosed, the shrinkage being-abnormal. The causes: of .'this-are given by the directors as'the ■ American-crisis, ■■■ the depfe^ssaqn-.in,the', value of-securities, :and'the.^umeot , ill , India/ The net, result of the company s/opijiatiGiis tor: . the year! 1907-8 is a.decline of .iiroSt of iri(i,7Bl'. The" higher ; cost of coal : alone, dui.pite the smaller, cargo'service, \ took' in, : ) LONDON WOOL SALES; ■-. "■'< v" pjf.|he. series ( ,of:.Lo;i i d,on.;wbol salejfor. thß'Vcurreh't -year- will begin' on "Tuesday" next, JamiaryrlS; % lvhe-n"; fcataldgu'eS' vtbtdlling' 201,000 bales'will be snbmitted. This is. some-. . what in, excess of, the quantity offered''last; ;ear, as the. following ■' figures ..will show :—..■';,' ■■■-.; ' '■■ ~ '^:.'v-; - -: ; --->' ~ ''v.^'B'aies/;-i ? -"Balt|s;':'!^' ':':,;-. ~.-' ■.-"",".■ ■■-■.'.■■,",-.;-'1907.-' :V ■' 1908/.'.'. ' '. New.'.arrLvals::-,:.;._ 354j00p.:.i ■:' 347,000;!, - ;" -./Forwafaea^direct.O.-'-181,000 >V:, 157,000.»jji ': Available?" "£ \ 187,000 201,00a , -^' : The; quantity available includes VA'h^^'Tbarryover from the previous sale. It will be qoted, from the above" that the quantity forwarded: direct to the manufacturing centres is less by 24,000 bales, while, the irri-'alsfal , short

;of.''las.t : yeaVi;by;y7ft(sl)i!bales. ;.,I(; is. tqo.'spon,;to ■ prospects, but/judging.%.■ recent, cable nipssaiejs,the" posi.tion in ;B,radfpfd .'-warrants tH'fe:behef-,.tHat -the mark«.t-.\yill' at .'least titt. th»*pe'cem.ber. : prices. : I^ti^k's/'cpmnierdri.^oabje;;gUt«,d : ithaJ;, the Bija'dfqrd'.■.'tbp , - w»s > T.erylirm,. bnt./that high:prices':were checking .businesjs;.'.The Antyerp,;salei ; shbuld B*iye ( ns''a olu£ to, the-Lbridbn ''Gompariiig-the niiotatioiis ;for, Brad- ■ ftjjd stops', at" th^' ,: close, of the' December, stlt3 with-: those', current last J week yre ; ;-g'et.-,the fpl-. Jiswjngj-;>^ ■;..>,>i : :);.;,x>;. --m ./• -,; „-. ,V:i i.>- V-- ■ ,Ji., ~..,- s-DftC.-,' Jan;,,:. -■,'-^ , . ,r'T ;',;■ ;v. '. : . - - y- a?'" l ' , , .-■ .^d;:^'-; "■ . 36's low crossbreds ... 10 .'• Hi'. : v-40's low crossbreds : ... 11 12 .:■ ;;;Ui4:simeditfmairoSsbreflr s ;.:;i2 ' : MSf'v;;. :: 50's halfbfeds ' '...:' ..."16 -, 16J ' ■ 56's quarterbreda -... ... 18 :18J., ; •v-.'.6o's;-merinos- -.„■ .1. 23 ■■>■/ 231. ..' The lower counts (crossbreds) exhibit.'an improvement, but the fine wools are unchanged. Merinos'are.a halfpenny, higher. .Jt seems fair ;fer , «siifii©-froni' , tK)9''that coarse cfossbTed wool .-•wilEatSjMslTrmatntaifi: the , -'ttedoniber level:of ■ vAluesiif,; i|i daosi itpt ..see:,vßn/adTance. _ ■ ■ : . . / .i'lmports/:' .of .'iustralasian ..wiipL.into London ' 'i? cable .roos-. sag*■•wnict'hns-beeh-'teceiypd v b'y 'Daljety'iirid bales," v piino^l;4CT,o^ei^bein'g. given as under :'— 1908. 1907. >19.06. ; ; . ;':;'.- :"—■:•-■-■■-; Bales. Bales. Bales. Dalgety and Cb.,.Ltd.■'.,... 124.0C9 80,0015 67,936 ■TheN:Z;lban an'd M.A.' '■'"-. '-"■• • '. .'.Co:'-:.;; ■:':: , 71,016 44,211 45,681 Sanderson; ..Murray;,;.and.':'., ;,' , ■■'■'■ " ■'Co '..■"■• .;. ■'■■" ...' '.'.. 55,382 42,505 37,213 -IJmon'BaiYbf'Aust.Ltd: ■ 50,067 .43,161 39,818 'Bank; ; of; Ne>^.ea'l-i?(l : • '■■ '■ r^.'000':"37,'589" '30,641 'iiist? Mbrtgage^Lr.arid ■'■{■: -'. -'• ■ ,; ; . ■':■•■ "•prco;''.'-:'..'.'-''. w !. ; r Av .v: 40,000.47,714 35,287 Bank of New , - South .Wales"' 43,000 .25,563 ■. 22,085 Bant of-Australasia- ::...- j33,500 26,774 25,886 '/■'J;/.":!.v ••' :. NOTES;.; . ;;"';'.'-"::■.:■: One of the,-,few manufactures unafteoted- by the,.jrfeeent' American'..crisis 'and -tha followingdepre'ssibn': '.production - of gas'.-' -It' is . : etqtSd;CtKSt';'fsfat)Stics;'''cbllec.ted show-.that.-' so ■ fa'r" r .\this-^ear.''tfe'cons.Tunption'"bf ; k cb!il' ris'ha*. :^ceWedV:'Mat-'b£ : ; i k'st,.year: in, ;:the>-United fiist 3'eir.:.the make of. | gas*tti' , Mß' iT ebmpanies";-' , 'in-',-'Aniienca. reached.! ss;0 i 96^7B;4o2f:cto^ffeet,^ ; ofvwhieh 54,696,797,898 cap^{eei^eT^^i^:: : ;':<-'X:/i : \: \yy y'{/ ■ '■■■■:■ '■ Canadian 1 Pacific , Bail-, . way?' tare • seridusl y considering the. q'utjstjpfi iof^Tele^trif-ying' , ', important' .sections'. ■ of : th"e line, whichtare' a^tj.pr.eseni. very.'cOstly. to .operkte; :Suoli'.'isith« rise, from British.JCplumand with' afiundint ..water-power,"excellent results migh't.be attained. The Gr»ndi.Trurik'.'Railway of Canada has 1 just■ elebtrified ; the St;.Clair Tnjiriel, ; conhectiiig .Ontjarjo. yith .Michigari, under, the St.* Clair ■Eivejri:' The.' with apprbaches> is;' two milei and , a quarter length, and the. electric locomotive's- each .develop 2000 horse; power. ~ /.-j . \The. total;.value. of".property in the United States js estimated at asicorii-:" p'are'd.'wil>i '.£18',O5O;O06,00O ,in 1900.' In' 1850 the 'total figiiice'd 'a't about' j :in 1860 at ■J3-,g8O,00fliO0O,;- in :1870 at in 1890. :.St.^l3;2oo;ppp ) opO;- i whiU-'.l?0O;/as:ab'6Te/6hpwe'a a,; cbinp^raf ively slow: growth. "Naturally, real property, "with- improvements, , represents more thqii dn^haif ; the"total.,... • '*> :■•.- . ". ,i \TlieVdireotorsj of the Standard Oil Company in dividend of IP d6lldrs- : per, share, • |he, same. as for.the correspAridirig ;'quartcE .'last\year. • The'dividend was, :pajrable 'Deoero.borV.lS. This dividend makes a . total rof. 40,, dollars.,fpr r .the year same 4 a's''^f; i the'' ; pastvth'i , ee,-years,'. In : 1904 there was paid.'on the:stqck''3B;apllars; in 1903: payments 'ambunted'Ho '44' dollars. 'Largest yearly 'divi-: deiids'-'in the company's history were paid in -l?00:and, 1901^48,dollars. While the. present .auar.terly-,d|.viderid. represents 10, per cenK ori Jthft.par-.yalue of, the stock, on'the market value the.retnfn'fbr. : .the quarter is a little less than '1J per'-'cent;:'~'v" ? 'V:i::y" ' . .. . -~.-. ',- ; ■■'.,.■■■• STOCK -SALES,i: ; . - : ' Reporting on their ,Palmerston sale ,: yesterDiilgety'and Co., Ltd.,-.state<that '■there_'i.vas of. sheep, and:av,ery 'gopS'yarding '-'o'Pca'ttTe*,' ,, especially, bullocks,,'allpf which went;, at .'a- ready 'sale'. Quotations:—' Fat and forward. shorn ewes, 9s. 6d.; small .'woolly_,lambs,...6s.':-.4d..; shorn' rape lambs, : -'9s.' Id.;.'■.-eighteen-nionth steers, £2 Is.; 'yearling ..heifers, 25s'.';.ifoiwaid.»oo'ws;';i!3 10s, to. .£3. 19s. j threft'ithd bullocks, iSS;"i £5 7s. 6d,, to '£s 155.; four-year , bullocks, 6gs.' ■ ■ : WOOL .SALES. .' '■, . : , roT-.TELKQEAPK—PBKSS AS.SOOIATIQN.), - ■-■'.!■.' .•■.■v'. , -:- i ,':.-; , -:-r , AChrJstchUreh l i January 14. ■ The'third.of this season's"series' of wool sales commenced in the Alexandra Hall to-day, when : cat'alogues-totalling'l9,<?s6.bales were.submitted, as compared-:with 17,862 bales at :the'cprres'ponding :sale laet.yea.r. A good seleotibn'of. 'wool-was -placed.'-'-ljefpr.e buyers, including a number of good station-clips. .The entry would, 'no"doubt, have, been much larger-but for the delay:>'in- shearing .operations -by' the' broken' weather.of. .tne.paet six weeks. 'There was'a iarge , attendance, comprising American,- , .Cbn.tinentali.andilbcal.b,uyers.. The sale opened with.'a good; demand arid keen competition,' the 'descripupns'inost-.sought after beingVmedium to goodhalf and crossbred. Therevias not such ■a large quantity, of eunerior "wool on-offer, and 'ttie"prices"for , this' 'class were, scarcely equal , to those'ruling,at'the previous sale.'a-decline inlvalues "off about J'd. per lb, being noticeable. wool ;pold in.:gro.wers'. favour, arid "the price was on a jiar with that obtained' '. at th'eT Uic'e&.beft's'ale* ■: The fall -in- superior , : de-scriptions-is attributed to; the more ■ restricted * Americanrd'eraahd. There-was an'exceptionally good.demand for pieces, which sold at:record' prices.-. At the -opening of the eale ' En^lieh

buyers ,did not offer as freely as .at;, previous sales'this season,:, and a.considerable p'ortibn'of the'.business transacted by Continental buyers.: ,The wool on the whole' does not ocinpai'e, favourably ..with. that offered in December, a proportion.ofit being wasty, and. washy." .-'' : !■ The following shows the range of 'prices:—. Merino, super,. lOd, to 12} d.; medium to good, Bd. to 9£d.; inferior,'7Jd; to 73d. Halfbred, superior, 9Jd. to lid.; medium to good, Bd. to 9d.; inferior, 5Jd. to 7Jd. Thfeequajtefbred, superior, BJd. to IOJd.; medium to good,'7d: to Bd.; inferior, 5Jd. to 63d. :■ Crossbred,', superior, none offered;; medium to good, sj|d. to SJd.; inferior; 4d.. to 5Jd. Longwool, superior, none offered; medium' to good, 6d. -to. 7(1.;'. inferior, 5Jd. to s|d.' Down wool, superior, none offered; medium to good, none offered; inferior, to 7Jd. Corriedaler 7Jd. to 10-jd. Shropshire, 7}d. to .(ii-_ Scoured halfbred,. none offered.' Scoured merino, none offered. Pieces, merino, 5Jd. to ?|d.; '■ threequarte'rbred, sjd. to GJd. ■ halfbred, 3Jd. to IOd: ; crossbred, 3Jd. to 6d.:, Locks, 23d, to 6id,. Bellies' 3Jd. to Bd. Crutchings, 3Jdto 7Jd.; . :..' . ■ ■ ■ ■' \ ;..;:.,. '.'... ~y. > : : \ : .:-r VPEOZEN- MEAT.; ■■';.— ' , tBT , TELEQBAPa—PRESS 'ASSOCIATION.)' \ ■■-:■.■■ .".'.■"■ Y .':Napier,! January' U. , .■■:, The.C.' C;'and D.;Company;'oaWes:—"The'de- , mand'for; all ..'classra'.of .frozen meat: is very val*e;of. To-day s , quotations'are:' Canterbury: mutton, 33d.; Inmb,flfßt:quality,:sd.;;6econd, iJd.'.Beef, hinds,. ; 33d.;foreV,'3d: ■,;'■;> ' ' :.•':,■ : SAMlS.' ''':':' ■ <-<:.. ■/■•-;■:;■ . ;PEICES .ADVANCE.' ' : '■■ (BT TEtEOBAPH—PRESS ASSnCIXTION^CorTRiaHT.) .. ' : ■,''.:" ;.''"' !'London, : January' ! 13. ■ The Antwerp wool' Bales opened : with- good on ■ English' and Germnn buyers' account,;.prices by from five to : ten cehnihes.". for/merinos; '.arid ten centimes for crossbreds. . - : ■ , ••.,■ ;'- . .' ■ ■ ; Two thousana ; and fifty bales'of La Plnta were , offered and-1392 sold," while' 250 were sold after the salesJ ■ ■ ' ~,"■' ; ' .'*■•.;.';, tallow;auctions.. ' ;..' "'; (HT TKr.EnRAPII—PRESS, ASSOCIATION— CorTIHBnT.) ..■■.''■'■''.'.'' 'London, January 13.- ; At the tallow unctions.'B7s.caslcs-were offered nnd'4So sold. 'Mutton: fin»,,33s..9d;';irfipdiuni,. 305.-'"6 d; Beef, fine,",32s.; 3d.;' medium, 30s. c ; _.■■'-■ ■'■ THEiMETAI, V; ;.' (nT'-TFir.EntiArir— rnpss. <;,..'•■.■:• .'. :.'-.■• ; l-o'ndon, JanuftTy 13.' ■ ' "Sjlv»r.is iimtp , '. nt'24ifl. Tiernince fitandnrd. : j-»d, v .«iR 3s. 9d.: 20,709 tons; AnstHi(in.;76Pi;e.Tnnrts. 3255 tons;- ' '. ./ ~ - .Cr>ir>er.—On snnt. wPW '5s;;" three months, .-EM If. .U;'"WtroVHi, 'Mβ;- -.' ,\ ■. •■'.....;■• .... . ~ /.- Tin— Spot, ;J125 15s; ;■ three ■ months, .75:.M....v'".''.'. :;;■■/,.-,, ;jj] ■ ■ \..' : r.';.",.; i\". -,-.v'V' - ; ' : x (nT telrgrai-h-tTRT.SS ASsnrt.\^rnii'--rftPTiiTO'iT.\ ".'■'■. ..'.■--. ■",■.' :'••'■ -Lphdon/'J/nnunry.'iS. . : Tli°■ Aw^nnin-'visible isunul'".'"?. wl;o!-):,p->iK'of, f:h" ; .T!.o''Mos!)!='esti.Tiinted p'«- , -W.SS9.niw ; : TKp Ciistoms. rp.wnn'e >f>l.l»ct.">l, r i't Wellington yesterday'amaunte'd to £ViH 16s. 7d'. ;' •.';,'.. •■ : .'- ';', -HIDES-JIAREEiv' ".r- ■' ;' (nT.TF.r.r.nnA^n— PRT,!s;»s'"!nprATTos'—roPTRioBT:I '.'!•,?■ •'■: . (Re'c. ; January- M,''..9.35.''p..ni.) : ■'■■'■■ '■'':• .'.'' ;■..■.'. '"'.-.• January U. In the hides market : li?ht ; and inferior, sorts were , a farthihf;lower;-other sorts were firm. '.;■;'• ;^;Mi(NiN^'N)^^'^ii9 : - .: ; •.' KOiIATA /REEFS' (};M.:V3ETtrRi< : ;- ; ..;•• ■ "(Dv.' tbLtaiiirn~rn?M\ iVwpr.ATtoNji '■ '~ • ; : ; . .■•''•,■; ■■'■■'■ -:- ]V '''^vAuckla'hdjvJahuary'lt! During -the four: weaks■ended''December''26 last', the Kdmatii -Reefs Gold Miaine; Company crushed and^reated.ieOO.tons'.of.'pre'fpr'.a.return of bullion '.worth , ':;i£3379.'|. Thisi'-is/VanVanorease' upon the return'-for. the' 'previous month;' when 23Q0 tohs f yielded - Compared,;with ~the final clean:'up'vf6r • 190?•:(>£33i7^fqr..-21(10'tons), the return, iindervnotico.'a\so; sbpwi'.a'n -increase. The total o'iitpiit;.. : frbm., the' mine ' for last' year was .644,309, as against:; in,.the 'preceding ve'ar, a .decrease?o£r.£2Bl9.v'. Thymine -has yielded to date , 'bullipssralueij'at;^3l7,«s. 1 ;. , :' .

■ : :- : . : '-".r : . ■ ; "■ ■\ , '-"- i '- ReseiVe' ag "•? >■"• PBICES. '.. . : ' ■ yiel .V, V"-.-, ■■ V.-.- ■ . ■ : .-■-. .- '■- ' "-.. ' / " \ '■ : ' y. ■',■■- .■ .;'•' ' .. V :: . ■'■"' ?*"nk6-. : ■:' •■■f : - ; » ■'.-■■":,.£ '..V. 1'VrA.,, f, ;■ i'i. .£''£, 8,,'al £ 's. a. :■* e; a; ■£ «•'. a. -Kew Zealand '■„..'■ : v«'.-. goooooo' .- 6M'j»T ~ ■'_,■ SJ. io" 8-8'6 8 0 6 /ffational' ,,;;.;-■;„■;,; •U . inn 000- H9.8S0.; >■, *J : ' ; jj .j, 7 6 1 '8.0 ■ i B 3 -;.B'. 6-.B . Hew Zealind;;....;:. :■»:>-. Su ■' -»*W«.v '■ i/ :' B :; w - 3 15 9 16 9 ,,: i :• : .■.hvandara;..:,-,,., :....■....••»■ '; iu.,iw: .'.-■.»«**.• i j- '■ W; ■ ,10 . ; 1 "a;9 1 8..-0' '12 6 -6131 "^^■■ :: y::''^fiHAHciki.' / y^k'-^ : :'i "?.'.-'\.' .'. :;,:!':>' j: i ,i;-"-:V: -t.? ' '.. '•' :, '. --.V \ y - y 'i ■'{jtiaitable Builflliie*'.;; >>„;." - M.00O' ' :^^: "''s '*> : ' /y - ■'''"'■ iao * ■■■'•' ; : ' '* ; ;■" ', 'Metropolitan Building ' ... "'-..■• . iS.iXJO- •• ?•!*£.■? in ■.)■' nil- w .*; ->.'■■ ■ .- .: - ..-. ■'!.•■. .Wellington .Invest ■;..:...:•■../ .'cOOOO ■ v ■ b * oO . : . < "* s', .6 .011 0 -til 6 ■■611:3 ,;B o-» iWelling.ton'-'i'rust:and.Loan.;..... jwaod -, 4 J ,lK *" •^^''? ' ; b - 6 ° ■■'■■,'"o 7:7.0 ;5i8 10 , National ilortgaee :. lOO.OW- 4*vio,:, ; .° ,«t ,-..■ m -;..-.... 3.0-0 .' . ■•■• .. . „.' • ■ ».Z..:and "'aostu" .-ia&xAl'-ri ~"'nil t •iii.6 1 la 0 -Ili:S ;.5.2 5 aud.Mercau»l«,V «. ,.'.« : '■.l«»i''.", , ffl . -I.. . • -; 0 4 0. ... ; .,... . . -■.;.:.'-■;■.■/:■/-■,-.iCASi^''■■'■''' : .':■-'■-'' .''--■ : - '■' \ [r '":' -- \~- . ;1 .:'.i-■';!;;.■•;.; ;' '. ';■ ~ r ' 1 -^ '*''''' !Ancklana ■;..':_,,'■,..,,' w ; : jeo.370 ' E5,<63 ■ ; g --•■nil-. 17, -, '■.':.' -.-■.. '. r : '<:■■'. ■■';■. .. ; ' Christohuroh "'■."■•.....■ iSooo ' iA,w7> '? -nil- 10 .' - .. ■■■:■,■■'■' ■.:.-.,,• "S, .,; ;-. Feilding; ...,....'<..„.-,.„.:.„. . la.uuj "i i»- Wj '.« ;t i ;: >B " ; i " i ' '019 ;; t 'I' 0 ° '■:■■"■''■■ '' : ' "• ' -uiabqi'ne'v/v.i-'^":„-....! ivb* t-i®*** 'yV^.:xH : '. ' '■''■•• ' ■' V vU i> ■ v: .. Uawera •;'.i.v' : r ; -.,;,' v ' i ,; ; i'-f*;^ : ,'' .',..' ■.-. ■■■ '■' • ■; '< 63 •; .:■>:""., .J ao-. • , » .; *' ' -v.,- i' •/ ;'; -..-•;>'.' ..:«ew}riymbuth .„. V-...;;.V^ 7 v-....' , - ■■ ■V'.i'i. -Jr.iiil id ' .•..,;,; .., ; .v ■■•:.:■■:■■'</ V; ...:. : / Kapier ,:-...;:,;;.,;;-.■:;...-•;•;.„ i."-. ■ ;,-, .-,.-. ■ ; ■': tf ,;-, nil;- ,15 _ :,;,S5.O-O :V / -.; -. ; :\. % ,„.„,.,... ■...:.„, . '.\'-' I <9 0S7- ! i BilM.. <i ,". i. 16. •..•■■■■•" -. '/^^■nVWiV^'-.i^-j-.- , .:.--:; '.."V-: ; J,-:'8 15 ' V ''.'.. 8,8 0 :. .■■.:/■•- ; ■ talmerrton-North;...'. : . ...-•„. ■■■; 57,7:0 ' : -~ .-•■11.0M i, •■ a lu'.- ' 710:o •.,•■.,..--■. •• : .;;«.v" : ■;;;;•■ : \. : .. V ;i.....,-•.-•:■.;..;■ ;--*-»^,-■..■•", %s- "in -uio;o li'.v;.?; ,.iis <; : ;■-.-;;■; : '/." '!C'.;: ; - .-..• ■;■ -■■'■. '; ;■ :.v■":.. ■:■'• -.-' : ::':.:.■: ?-v :; '1•.T 1 :;:'! l' ; ' feiXM-- '116..* . 1 " ml : »i . 2 B 0 ■ ; •! ■■ ■ :".*'<;.■■: ; --; ■• ■-■! i - : ,Wellingfon"ildat ; ExS.rV ™' r ' '<>- : -- ' ■>' / -■:'- - ■■ t' :' n u ; -H' '; 916 '° ; : '' : :''' : '■•"" ' • -,- ; --" i - ;, >:;:>■ ; ..-»,,-;•"•; •.;«:>" -r 1 .105.766" -'.'«.osi^ i-^i■■-! rt ; - ' v ,>r, .6-d-vo:;.•■:.■ V , .; " '■." ; " ; v --:vr ; /';<■■ transport,;'', 7 :- -;■;■. ;:'?■'• .-■. -'-'J'/- "i;' : - "') ■" ''■;.;';I 4; -! ; ,' 'v^-' : ..-'•■'•:.- 'UtiiS^fi S. ■ if : ! i%s' ■ 214 .V v :: . ■ ■■; x ' ■ :i ;Sl^>^^ : ;B5^-:t-ti:^ ; ; lv. ; i?■' =1: wir- ■ "^"I-? 6 - '&:'.,]■ ■•£■.■': ; ;- : -:'^'^'-''' v -V /;>■■:;■';' '•.-■ •;'; '"■-.' "'■ '\- ; :!■-<'''-!> V'>':. ; te^ 1 ;-':^V.w V: - ■ J : l*setfioov- ''m«V r i4J ; ;6iio :'^ : $ - « '^ . V; ■_ c; ; ;^;^ :. .-WOOLLEN.:; v "' ; -'-J;;' ; '; r:2s vj.- : •Jα.: :•!:)•: : ,., ;V. ."■/:&'' :-. "-',' : ; ■ - ' i7 -/v'L'-; : _. -'lOOXOo'' ' : '. S!«4. -.'b '•■■"na- 'V ,' '. .". '. '.. *' :; ' ; - : wSS n * f ii" •'-■'- ■■■■»■•'-'■'■•-■ '"* -i» : -'■■»•■ '■*>. •■■■■•'- '«"■.■» vv ■■■:;„■-■ •vvr'-;h:«|iBCEtLAiiEbus. ■'■"■■""■■ ■' : -V; ; ;:■•. ";v ; v . -''■■[:-.■''.' - . S'l;. ::% ; ' w ' : Wgto -;i~ "- ;."'-lO*»- \m;M3<: .1'., 1 / ,10 -M le^'O'.,5 :2;6 -?; 0.-0 ■■e,D;-0 v : ; ;S- -3oS .ij ft i*..*;?i *v<. >-;:'Tt' ta ' ■■-:;-.;•■■:■-: :--BS.M3'-- IiU'.TM. , l-.'.nU..- -Ti - --- ;f--V -'(jm 9 -.: y\~ ■<.:"■■■'; ' v- ov e quotations are.takeB from the. dailj'offioial )i>t'« of th« .Wellington ■§&$.'/ '. ' '■'^:y'{ r -.,! ]: 'r ■. .-':".''.':-V;:-^ : - •:^:j f; - .-.■■ '..'■.'■ Exchange)':■■'■ ■■';.■'.;'-..■■'.-'- ; .-.'; \ '.',' .'■.■-,'• .:';■.' .^v." , .''; '.0-