COMMERCIAL.

Dominion, Volume 2, Issue 408, 18 January 1909, Page 8

COMMERCIAL.

1% -;:"..::.-;;THE SEAEE-MARKET.; : It' A. sale' of .Wellington .Woollen' at £3 Is." 6d. |.; ; v(ras'reported:bn'Saturday,- and' the;quotations it were unchanged.' Bank of New Zealand, buyers £::: i 8 ::,95.; Equitable Building, sellers ,£10; Weti:lington J Trust and Loan, sellers '£7 75.; New and Eiver Plate, buyers £1 lis; 6d.; f" Loan and Mercantile, sellers 3s. 9d.; Feildirig p'.Gas,"-; buyers 195., sellers 205.; National Insur-ris'-ance,: buyers :.£i: 7s. <Gd.;.New.'ZealahdlnsurrV-, ance, buyers 165.; South -British 1 Insurance, fi...buyers £2 75.6 d., sellers £2 10s.;.'Wellington paid,-sellers.'^s,:-^2.125l 6d.. l;g paid,, sellers £3 Is.;" Manawatu Kails, buyers I;, ;£2 lis.-';•■ Wellington Woollen,/ordinary, buyers j; ; ; ia .15.,, sellers .£3 2s.;■ Westpbrt'- Coal, sellers {,>:>£6:l3s.'; Leyland-O'Brien Timber/ buyers .£1 •■; ■: 2s. 9d., sellers £1 3s.;' New' Zealand' Paper Mills, f7' fellers £1 ' 2s. 6d.; Taranaki: Petroleum, buyers fc;:fSi;6d./sellers 85,.9 d.: ;..-:: '•.-:: ||t> ;^ 't:;.THE : MINING;MARKET..• |::-'.f,'-'i sale of. Talisman at £2 6s. was reported, p.wd thisswas all the business done on Saturday. [Ji'-fhe. quotations were as under:— ' ftfr'-'';--' :t ; . Buyers. Sellers. - Sales. fciJ '■'•-'• Xs.d. X's.d.. .fis.d. |i-.Waihi Grand June-' ' ::-'-'' 1S ; tion ... :...,:...15;3 1 6 .3'.-'.—. '■■ ptWaihi';...-' , .:- :.. 8;16' 6 819 0- - — ■ E; Talisman .;. ...2 50. 25 9 26 0 |feN.Z. ; Crown "..;;.-... 0 40 0 4 '4: : . -.- — H:jlig:,Eiver::; .;..i, ..... 116 6: . — , .;—.. ; - ■ f:;.t y^ ■ : '\:'. v-™E:WOOL;MAEKET.-, t: :t !:■:•' The first, of the'series.of London:wool/sales .■;: will commence to-morrow, .when, about 200,000 |. ''bales-will be catalogued. :_There is every iridica- [';■■ tion of a'firm market, with a probability, of a fv'slight advance'in the prices of some classes of p., .wooh The Antwerp sales of last week witnessed [".'/■"a: slight/improvement at;the -opening, and air \f\ .though .- the olose, was ' marked by'-; quietness, J",: values remained in favour of'sellers.' Another '5. favourable feature" may ■be seen in -'the" quota-' »;•: tioiis for. Bradford tops. Comparing the current v ■ iouotations with those of a month ago we get the j-..'. following -.—;." .-..;:-:' ■ ,'",- '.;"•., ~'."/'; .:-.:.;;',: ::: ■ ' :; C ;" :DeiA-1908.'=Jan./1909--: 'tv-tt:::.";,;.-' ,■..•■;■■■. .-■ d.-/- /o-.d.-Vt'.-■i-yyyafs: ■--:..-:;...., ' ... m ■'-''■■.-"" ■ i2i : -.r-:-.-'.': 46's:- ... •;..'-.:.-;..'.M2}.'..':.;.-.- 13i-; ■ v:6o's.common -■ ; : .;. 23 :,;:::..., 23} , ~; i'v-.y-v.. eoy.supper ... ;■:.:..■ 24vr:.,j. N 24J yvj. :,'.;All :counts''show "advances, 'j. but;.,the heaviest. :.';gain:is in-40'slow'crossbreds...On these figures : : .it seeins safe to predict an advance, in the price V' :.of. raw wool, but', we have to- remember-that [;.Vthe-mon'ey::market has hardened:in,the.mean-i i: .- time,,and ifcis difficult to. estimate: the. effect, of E-v'-thia.^,-. -, : . S: r . r, ■-;, -'- ' : ,.y"': P ;;:lV- '■:/-v^ONDENSED\^ !; vv-v The. consumption. ; of .condensed -milk; in, the f:v:East.,is: making irapid :strides,'-;and, sooner -or K -: later. New.. Zeal and' should .be able- .to -- find -. in ;i -the Orient another market-for this particular il- '.fp'roduct. : In the,. Shah States'! the: condensed f'Vmilk is usedmiich as we use jam.-ahd'its.con-f-i";;BUmption'iri Japan has grown formidable. The :•;:;Canadian Government -Trade, Commissioner" at ;' : : Yokohama, reporting- -on the: matter,. expresses f'.';.the opinion: that; there.:;will,.be a steady" and 'j,', ■ -continual''-increase in the demand for condensed tjv-milk; in Japan. Many.: of the -better .classesof t';,..:.That,the.increase in its',use.'is - 'phenomehal ■ is ; 6;. evident from the ,fact that :tho consumption in }.:?... ten years has increased .from 93,781! dozen tins fi-:' iri;lß97,to' 834,761' dozen' in 1907. .'Owing to the f.V- peculiar;;agricultural conditions -of Japan,; the' t ; >:enipire can'never.be'-a cattle-raising;country, W V'-th'e land being' considered too. valuable for other | T ,:'purposes,: consequently there will never be a j..;.- supply of- natural; milk, ,:b,o ;„that,,.a, ,'substjtute ■ f:V for. milk..'..will_ have to . be.:,obtained,'' entirely |f;; from .abroad, in," the.-form''bf milk p;.: 'or; evaporated'cream': As: might:. be-expected, [r, '■ the. demand:, is ■ greater f the'.milk product. &{■- than for the'creaiii..'fEva'porat'e'd'cream-is'us'ed j :; : .';onlv_by Japanese who are accustomed to foreign p : . : ; cooking .and .hy>:foreighers, whoiarefoblige'd. to; fw.r.Tise this product -in the. East, .since: cream in. its' j:'/;.natural condition :i's not 'available.-"-Amongst p,V ; the.-latt'er^clasSfthere-iwill;'always :be, a good jj'V ;'demahd forievaporated oream, while the former Kvthe. demahd?,will .slowly; increase. : '-;■',' : ; '

: Jlh ;.Germahy coal briquetting is' an [industry, of[ great ;iinportahce;i : ;According, to a. special report by-Ei.'Schorr, consulting-engineer,'of San Francisco, 25 yebsTagb only, about .'500,000 tons of brown-coal briquettes were made, and in the. year.-1906, the;production.exceeded 12,000,000' .tons. .The-returns; for the. first-six months of ,1907.show'again an.increase of over' 10.per cent. 'There are. in Germany. 218 plants, with over '1000-presses,' -•in operation,: and'[a. largo ■number;, are, in; course, of; construction. ■'■: .No ;bindor ; is required. The bituminous matter of the; brown; coal: becomes 'liquefied 1 under great pressure, .thus acting as anagglomerant. Sandy '-.brown; coal '.contains, as a "rule,"less than 2 per centV of bitumen, and it gives an unsatisfactory; [brittle;.briquette.; 'A: large'amount;'of bitumi-.' nous ingredients is also undesirable, because "a; smoky briquette would result. '.Airearty brown coal -with- 4 to 6 per; cent.' of bitumen 'yields the; most satisfactory, article, providing 'the amount of"sulphur.is .not:excessive.' The raw brown coal consumed in' Germany for briquettes amounts'to about 00,000,000 tons per'annum, and -it ;is estimated that there are .7,000,000,000 tons of : ,such. coal, in sight.; Employment, is. given. bv? .the industry to '18,000 .men.. The'-raw"brown-coal_cpsts;from 22;'itd:31;'cents' pbr'metrioJton'i at.;.the_, works. The 'dead - cost, allowing 7 per cent, v for depreciation and 5 per cent, for interest, upon the; total investment,'amounts' to about 1.30d01. per metric ton of briquettes;; The : wholesale price,; f.o.b.:works,.ranges from-iedol. to -23d01. per car-load of 10 tons; The labour }™ m i t . r ? re . y '' esoeet!s centa.-per metric .ton (220i1b.); m small- one;or.,two;press instalia-tions.■■:-All other manufacturing items, exclusive of fuel and fixed charges, are fully covered by from 8 to llcents per -to'ni In view of the relatively small .'output' of 'these. expensive presses, and in view; also of the .elaborate ■:character of ; berman; bnquetting works, :the fixed charges (depreciation and interest)'arehigh':-i- '~;>- w«

■:'This Japanese Department'of Agriculture and commerce has.been /encouraging the manufacture, of various-articles ;by ;■ letting out. new machinery brought from abroad -to-private factories. ...This;'nieasure, ,it:is a success, and the authorities- have 'decided to' extend; the practice.' With this object the Department is to purchase machinery for raanuiactunng glass, porcelain, reeling raw silt, and weaving and'dyeing, such -as is :now in use in Europe.■/:,. ■:. -.-; .-.'.-..;.'■ ;./v"w-- -:;:.: :^'P, eßvli Fr, ' industryl't'js mentioned-iby ". Mr. ; Vice-UnsulScratchley in his'report from Boue ,-Aigeria." .Among, the factories"in his district lie enumerates ,"a small; establishment' for mak' -, of corkwood waste." The bricks are very light. and : incumbastible; by a special process., they,, are.renderd?; perfectly "imperinc- : able, ; and canlbe soaked:ihf.water. without■ absorbing any; .fojpartition'.walls;and-high build-' ings,. the. Vice-Consul stat'es,\ they are -perfect; as they can be sawn to; tha'required.'size there ..is waste. ,The makers: Blabs for. floorings and- ceilings;;: for: ceilings the :6labs are made readyVplastered, r ; :and obly require to bs-nailed.on to the' : joists without any fathsjjwith a-little plaster to. conceal.the joins' the ceiling,is .ready for ,whitewashing.' ." TMs" ■-little-more capital it is thought, could be brought to a very, successful condition. , ; ;. A'riumber.'or foreigners, including Americans are giving.serious "consideration to the question of developing the sugar : beet industry in Korea, r ? e l of experimental; work ,in':tho cultivation of beetroot-has been carried <on>!fit the Korean Government model farm at Suwori,- near 'Seoul which the Japanese. Protectorate;. 1 , haaitistab'T^ e ' les V lt ? : obtained: at'.this station will, .therefore, indicate the' possibilities of sugar production in : Eorea. The'se: ! 'publio' cxi :periirients; :sp. far, confirm private experiments and careful observation's, all tending to demonstrate ithat in Korea,'.where rice raising is at present the chief agricultural industry, the cultivation of sugar .beets will prove highly, profitable." ;■;.- : ; 7i : '/'. .A new'company has been organised-in- Japan for the purpose of establishing l .'a'jcelluloid factory upon the' banks'-of- the';Yamntb .River ' near Sakai, which will- be the' largest conceriv ; of the kind in Japan. The machinery and, plant, : which have been ordered from Europe .was; expected: to arrive by, the . end of last year, The superintendent engineer of the company has been-engaged in the United, States, and the plans of factory are now being 'prepared.; Upon completion of the plans the construction- of the factory will be commenced without delay; and the company expects to begin the manufacture 'at celluliod in April next. In : this connection, itfmay be stated, there is considerable: interest exhibited in the possibilities of celluloid products in Japan.; It is re- - ported that another;company has been formed for the manufacture of celluloid at Abashi, in the province of Harinia, capitalised at ,£120,000. ; WLLINGTON TRUST AND' LOAN. ".'; . -The balance-sheet of the Wellington Trust ioan, : and Investment: Company, Limited, for ;the year ended December 31, 1908, has been circulated. .The,directors, in their report, state that the amount to the credit of profit and loss is ss. 9d., Which,. 2d. brought forward • from "the»»-previous year; amounts to .£12,906 ss. lld.,':fro'm'wHich'Kas to< be deducted .£4050 already paid as an interim toidoruj,: The directofs-recominend that i2OOO

be. added to the reserve fund, which will then stand at that a further dividend of ■£4050 should he .paid,, .making 8-per cent, for the year, leaving. .£2806 ss. lid.,' which; aftor writing down .£I7OO on freehold property which has fallen into the company's hands during the yoar, gives .£llO6 55..11 Q. to he carried forward. V: Last, .week: the Customs revenue arid-beer duty collected at AVellington amounted to .£9678 2s. Bd.',a"rid.,£3l4 9s.' respectively, while for the corresponding period of last year the figures were )revenue)„£9l42 12s. 'Bd. and .(beer duty) .£362 7s. Bd. On Saturday' the Customs revenue amounted to ,£6Bl Bs. 5d.,. as against .£1057 Bs. 6d.-for-the<same day of last year..

'-,"' LONDON WOOL SALES., A'SPLENDID OFEEEING-SHARP AD- :■', . .. VANCE IN ALL .QUALITIES."■'.•.'• '.-. ' (FBOJf ODB SPJCIAIt COEEESPONDENT.) '. ' . London, November ;27, 1908. -.-The-'wool trade this year, passed through some very romancing times, and, beginning with a slump, there is every prospect of the year finishing-ins little boom. The last . chapter opened three days .ago,' when the curtain: lifted.: on the sixth series of sales, but, before coming to the series proper, I want to direct the reader's attention' to what has transpired since we last met in' Coleman Street Wool-Exchange.- Regular readers of this paper will remember that the fifth series finished with everything tending upwards, a weak opening being transformed into a strong finish: That really was _ the first indication of a return of • life, and since Australian selling centres have kept.'up • the . pace'/jn a very remarkable . way. Frequent cable news of advancing prices Boon alarmed consumers, this leading' to a great covering'.'movement, immense sales of wool, tops, and yarns having been effected.''': Times have been lively, the last three* weeks seeing a big spurt in every market alike. If readers will carefully brush up their memories, they will:,remember, there has been since last May a steadily'advancing market, and in the following table I show now the price of tops—i.e., combed wool—has advanced since the bottom was -touched :—

QUANTITIES-AVAILABLE: /'' . The quantities' available.' aro. : of,.a somewhat, different character, : and■'■.mubK...larger than • we have seen for some years back;', this.being an the slower.movement,.of the last Colonia'lUlip: The large quantities carried'over since last- series are: ample proof of .this, but we are. now certain'to; see an end of. this proceeding. London' importers and brokers, hive been •frequently? charged with* bolstcririg "up a ".weak : sitUati6n-by carrying-forward -large quantities, 'but all through ■ I have, defended'.:their, tactics, arid they certainly are reaping to-day a welldeserved thanks. - : Had ithey. deliberately; compelled the-trade to: absorb air: the wool- available, there would have beeri ! .a. ; gre'at slaughter, and, .much:; money • lost to : the . owners, and directly an improvement sets";ih ".the whole trade is.clamouring for the raw material. The series opened with buyers on air hands keen for the raw material, and ; at the finish nothing inll be .carried .over but a few, thousand bales, not. sufficient to .cause"a 'good day's sale. The quantity available" is as follows, 'and "I. also' show separately the .'quantity of New Zealand wool which is'found in the -total:—

, ft.will be seen from the above that New Zealand wools are very wollrepresented, in fact 'ffi- n lV ch; % r t , han "as been the C ase since 1902 Even .43.000 bales, will be absorbed most readily for the: trade is quits, as hungry for crossbreds ;as for merinos: [, ■ . . >■ '••-■:' " A SPLENDID OPENING. , Last Tuesday saw congregated together cue of the.biggest crowds of wool buyers that ever met in.Coleman Street Wool Exchange, not a seat Three firms put out a catalogue, cellaneous. yet there was- a,good sprinkling of Queensland.,"new clip,'-' which hel|wd to improve nicely what was submitted.. Sliped wools also bulked; largely, but New' Zeahud greasy fleece was rather scarce. Howsver, a very spirited sale took- place, .and great• eagerness' l was.evinced .to: acquire ■stock.' Continental ,buyers.,.werc m '■ strong, force, and the merinos gust sujhng. them, a lively time was soon > Gcrsmany; operated,.as.koenly as <mv. hue'oven ;f rancesput'in:;spme,;useful work". . The home |™<le, was well :to: .the' fom th !a and proved.able to sustain.its competition alongside fmff „r r ff ***$> t ak % aggregate W *£„„; v ■ ' ; rf orln gs.-.Higher, j.rices were strongly ,n evidence from the ttst Int.-and it needed little reflections see that both merinos S*<. CI ?! ss:bre ! l? selling, at sensibly higher rates .tharum,. October.-. :.Seldom a lot was 'S s^ i l n 'V-- 6 Wything;-.being-- ton with, great SL° ros f"T; ds "I'd the best, scoureds-hardly '•?^ e ''.:?^'- 5u B Il '-' l * vel, established for the former.. When compared with the close of the fifth series, the. following changes :,v o re seen•GroaseVmeriho;^'superior":';„ id. 'burlier grease merino, average- ... Jd. to Id. higher ■Grease merino, faulty .... Jd. . l.igher Scoured/monno,.super ... Id. to id. higher Scoured.mon.no,-average ...'ld. \ feh Scoured merino, faulty; :■ ...;' Id.' '-n S Grease, crossbred, fine , .... H " h'eher Grease crossbred, medium .„ 'Id.' •" ; hi-Hor : Grc.ase,crpssbred, coarse .. ..., 1,1;,; ■• V h £ h £ S hpe crossbred, fine... '•., }d; to d. % c Shpecrossbred, medium ..: Id. to Id. higher Slipe crossbred, coarse ~ ,„■ Id, to 14d. higher Grease Cape combing „.' .... M. to Id gher Grease Cape clothing.... .-■..;" } d . : . higher Scoured Cape, super ... - .... id. h Iher Scoured Cape, medium ... Id. .to.ld. higher teiiauce of. tho opening rates,'and great enthusiasm prevails; (this Is by far the.best'series

,:.„ ';{;:■:-..-■ ./the outlook.::-.'V;, ; "-.'.'■." ! 'fli? CS 'lF'?- Daw spn' and Co. 1 , in speaking about lL««n P^-^? ml J las , ci'eated.a. hew and intqrestmg-: 6 ituatiou, tho dove opulent of-which is defined?- The diiUnctreK £l ';? fK° ' W ""s: been; the' chief contri: •&.*:- Tt i '; ,m P rov .emcnt iii the "various niarAf 1 , 3 -.".. '-"vlias come,at a.moment when con'•>S^- wor ?V l in tho attempt to.cover early,; requirements and to makfl It,, ii as; - ell s and 'acuto. that it naturally causes.somemisgivings.; ■ ; -. ■ lho Home trade,.unfortimatelv, is not vet nr;L ■?. 1 i Te a stron Z support to the advanced ■KS.- 1 ! e T lra< ; rce of '•'«. whole country i s under a cloud, and:;we. appear to be in a loss Siibour/ .r' 081 our ContinenSl v^,"Tho, : mqvement hc.s affected -.combing sorts P a „ l fe; , f P - :to , n ?'' wools still beI n =-M catl /wl: ! aiid slow- of sale. -Moreover, it has to bo borne in mind in Regard to the hcav* the prices of tops In. Bradford that r^', va , ot'tops had for seme tii&becn C - e J c^ on values tor ™°°™ (i,??-^'! 11 consideration is £«„• n l o^ v ' lthsta ndi'ig ;the; slack ii.arkcts of .this rear, the. lavour -shown to" worsted fabrics has been such hat-worsted : machinery is-agafn }^ r y. .f°J «w new clip combing wools. This ,ls„.aj:6)ginfieaut and hopeful sign. It is also reasonable.-.tp. suppose that, after the shrinkage in busmess.in-ocher classes of goods during'the Pfl months there should bo chSs o ttunng the .coimngi.yeai'i •. vnn l l eamv ¥ le '- t t ! l( ' r ? is-'dangor lest the.sharp advance, made at a timq.when tho Home.markets are-somewhat bare,i'should go further-than can be sustained. The; business : which is being (lone ln yarns, is .-only:,-negotiable' at prices' below the quotations of "the past.: ten days.' nwilfwf" / Up ? y ' ot merinos which is available for thepresent .series should tend to steady, and so to esthblish, values. : . . Oros6breds, howevcri'are likely to be in small compass, r and can only .be augmented by early ar" sales "° m ° Amerioa P" or to the Janu- ■ FEILDNG MARKET REPORT, ■ Messrs.' A.' H. ; :Atkinson arid Co., Ltd., report large consignments of fruit and general produce;, at their; Friday's market at Feilding. ':,M' J '«JL lt '.: m .et , :a.good market, every case being sold -with 'strong inquiry. Owing to weather conditions tlie pig and. poultry entry was-not so large.as-.-was the case last week. We q.uote,—"

Pigs: Slickers, is.; 'weaners, 7s. to lis. 9d.; stores, 17s. 6d. to 19s. 3d.; medium porkers, 255. 6d.,- 245. Gd., 225. 3d. Poultry: Hens, small, at each, is. to Is. 4d. Produce: Table potatoes, Os. 6d. per sack; marrows, 4s. 6d. per half sack; 1 cucumbers, 4s. 3d. per case; Burbank and other plums, 3s. 3d. to 3s. 6d. per case. Cherry plum irtade an average price of 2d. per lb.; apples from 4s. 6d. to 7s. per case; tomatoes, 2s. per 121b. case; fowl feed, 9s. per sack. A quantity of household furniture, crockery, etc., was disposed of. LIVE STOCK SALES. ' ■ Messrs. Hudson and Marriott report as follows:—We held our monthly sale of pigs at Shannon on Friday. There was a good entry of prime porkers, and we sold evory line at market rates. Quotations:—Heavy porkers, 385.; medium, 295. to 335. 6d.; light, 265. to 285.; good stores, to 245.; sows,.6os. ' f : '■- : 1 MINING NEWS. , (by telegbaph—press association.} „ „ Dunedin, January 16. Waikaka United No. 1, IBoz. 19dwt. ; Waikaka United,' No. 2, 470z. lldwt.; Muddy Creek, 760z.; Rising Sun, 470z. 12dwt.; Eise and Shine, No. 1, 440z. 3dwt.; Eise and Shine, No. 2, 530z. 15dwt; Punt, 16oz. 16dwt.; Olrig, 9oz. 4dwt.; RileyVEevival, 21oz. lldwt.; Enterprise, 12oz. Tdwt.; Sandy Punt, 520z . 2dwt.; Chirlton Creek, 20oz. 7dwt.; Alexandra Eureka; 9oz.'sdwt. ■_, '; . DUnedin, January 17. Dredging returns:—Golden. Bed, 31oz. 2dwt.; Molyneux Hydraulic Boz. 18dwt.

• ■"■!■•.'••• ■■•.'■.' ■'.•■-.••■.'■■■..•:•.- May Oct. Nor. "'}■■ -' : ' ■■-■:■ "~ :■'"■".,". 8. 19.. 21. >'-x-'•••-• ■■...-..- ■ .: ■ d. d. d. •80's Colonial tops ... .;. 23 ' 25 - -261 v 70's Colonial'tops; ... ... 22 24 ' 25J 64's Colonial -tops ■'■ ''-. ..;. ... 21' ".23' ■ - 24J ;64's Cape'fops' '..;,:-'..;: ..... 2fli : 23 21 BO's Colonial 'tops/, super ... 20 22 23i 60's Colonial tops, ordinary ... .191 ■ 21 22$ 60's B; Ayres tops, average '19J 21 22-1. 58's Colonial* tops v.> ■ ... 19 20 21,56's. Colonial, tops ,. -\ ... ...17 - 17J 18J 50's Colonial, tops' :■".:. -.;'. ... 15 : ■ ul , 1G i6's-Colonial--tops ".".'.;..-...: M.-Hi 131 44's Colonial.tops '. ;...:'.... 10 11 12J 40's Colonial tops ';...'... 8 ' '10 12 36's Colonial tops ...-....,' 7J'. 9J' n. 32'SiColonial-tops'- ; . ... .;..■'■'7J- ■ 8J 10

■'v : '_1' '■'■''■'■ .'•'.'. v, : Zeaiand.'-'Totalis ; : .yrYear. -;..-:- -Bales.:, Bales.. ,v;' :.; 1908 ; ;../ ;..v : 42,800..' ■177:500 ' --■'■ 1907,; .v.. ' ... 15,200 "' 125,000 "- •■■:■:.1906 r..."... 17,700 ■..-■ 107,000: :•;-.: 1905 ■,....■,.•;. 15,987 109,800 •■.;;v 15?J:-..;. wv.;;„-15,400:'. .81,600 ' ;;■•:", 1903.;-•■■ ...'■: X .32,600 87,000' ''"'■ 'rfs.soo ■„'■'■■ioi.ooo : '• ; ■'■ '••X ■■>•■"• : — 92,oco .:.; 233,000 ■'■'.-■ v.' ,1900:,.,;... :;.. 122,400•: 366,000