FIANCE AND COMMERCE.

Dominion, Volume 2, Issue 420, 1 February 1909, Page 10

FIANCE AND COMMERCE.

}" WELLINGTON SHARE L(BTr

The above quotations are taken from the daily official llßtnof itht Wellington Stock Exchange

'■} ,: -:■[■: \-\ ■■ ; ..A'sale of ;Tarariakv Petroleum at 7s. ; y reported/on Saturday,.'.arid:' this was 'aIK-the: ■: : business, recorded..-^The. - -.and'-urichariged.:' Bank of New.;Zealand;''buycrß" ;.' ..£8 J,los.;' National Banks^buyers:.'£s .2sV s .6.3:, ■" buyers; ; ■ 1 115.,-sellers;llsi : Mortgage, sellers"; ." : £3 Is. cum,.div.; Loan and Mer- !'.'■ cantile, sellers.3s.,.Bd.; New Zealand and River* .■.■^■.•Plate/.b'i^eM;iV'l&^ , -We,lHngton'-I)epbsit,-siU' -.". lers '.9s'."; Nat'i6nal%-Insufance,'Tbuyers-28s.;' r .seli .:-■ lers ,28s.V6d;j/South" British;"' sellers ~£"2..;10s; ; ;: -■•:■' Christchurch'' Meat, buyer's: £10 \ 12s. • 6di; Gear- : paid), ■buyers .£lO, (£1 paid), buyers' ■;^2,105.;-.Meat 1 Export.'^-paid), sellers .£s,' . <£2»l2s."6d.;paid), sellers'.£3;ls.-\6d.; Manawat'u. ; : ;;Eails,:. buyers' £2, : .';bnyers : iE3, sellers .JeS^s.fSdt'jiWestport^ Coaly : buyers £6:55., sellers ; jSTfps; ;'?Westpo'rt-Stock-' •: ton Coal, buyers Ss. 9d.';'sellers; 9s, Bd.ijiKau.rii sellers 14s.- /^LeillMt! '••' D'Bflen.iTimber, sellers 235. ;• New. Zealand Por.t- - land Cement.buyers £1 9s. .3d.,; sellers :£1 10s.; , : New Zealand jPaper-Mills,-.seller's£V.'2s.":3d.T ."■' Manning, and; Co., (brewery. shares), .• sellers. £4< • -Is.;■'Ward.irid : s' £5 Is. r-Taranak^Pelroleud,- buyers 7s(-j5d..,.j6?11ers 4 t -The; ; , record of, sales .'• for-. the i; firstsni"onthl''loK y the-.:year L is': "small,,but ■, this is -•■.-.'not•;an■ iurius'ual;•'feature: tTlie' , 'course'-of; sales '•''.was , as under:—"' v - ' r, ;v. 'i';,v '- 1 V : ■ '-■■.•'•.' ■" ■■.■■. ; :';: ;; ; ; Bank of -New Zealand, 11s'.- 6d.'' ..'-w. ~ Bank, .£5'U;;vX&-2&...--'.V-.-.-Vr.,- ■■' : ~^-. ■ :;■' ■ Metropoliten Building,: '.£l2: ■'.■:-'■ * : --■'<"■ ' V-'.'.'. ■-> '-■•:■ ;.:;•• ... Wellington Trust and- Loan, £Tlk.t £1 isX'h . -Wellington Gas (new 1 , issuo), 12s. 6d. prem., ; :,I2s. ,6d.' prem.. ':■ ;..;v -.-"■■.. ■■. ■. ;>■..: ■■■ ■ :;-.. : - ■■'- -Peilding Gas, £I.< '■' 'O;■ ; -;»" ~.V " :'-'/■:■ ■■'■■. Gear Meat (JSI; paid), :<\ : " :■'■:■'"'■' ::, Meat Export (dB2 12s. 6d. paid); i3"os.6d; : :v. Union , Steam,'-iei lGs.'6d:, 6d. : ■ : ', - Westport-Stoekton Coal; ; 9s.ri.v;V y-i-i'iy. . ■ Welhrigton'AVbbllen , ;:a3is.'.'Gd;,' ; i3'is.,:'i3 2s;; ; , 23: ifil 2s;' ; ■: ;..B.d;V-.Jei'.38.,--WBi:-2s. v .9d; : :';■ ■: ---.-v'-: ; -. ~\jm '•■': -'.- ; P6rtland-Cement.■ (125." 6d. paid), ; 2is. : . '■■■'■ :■•■. ■';•.:.Taranaki.■•Petroleum," 75. : 6d.'i. 75.. 9d. ;..,.:; I ;■.;:■■' X iiyTBB i Imph ,: MAEICO!T : /. ?*;^'j,: ■; ; ;' '.:■ .A 'Eale/tpffi' M) 'rwas mide'-'on/ - 'Change'; , and sales of'.Talisman-'at' -£i Bs;'arid .:,Waihi at : ,£B,lßs. .were reported. ; '..';,'.tibns' were ,as under:—";., .: , : ; - ; : :'■". ; .':; v ';• ':. : -'. : : :":'■■■:■'''■'-'■■"■■■ -.'.""'.■■■-■■ Buyers. 'X Sellers.'V- Sales." '.;'■ _-■•: :: --■ ■ ■'■ ; l - ;: -:-• T '. f ■ £ s-:d.:■: "£.s. a,, • ; . £ 's.'".a. .; Waihi Py- v .."!..-.■. ■;::■ .:■:.:/■, '. l;;sste , ffl ;^s'sft;;Pif'f^^ •.-V 'Waihi. ;-;.;..:.•...'■5^'; 1 9 1 ": W 8;'l9"-.'O^8-18"^ ... : '-AVaihi.'Extendedri; ; ':o:.'3/:p •■ ■'•:":■— " Tairua '.' 'Broken .- I '-' ; . : . : ■' '-'■ : ' "" •'■■ '■','"''. ;:; 'Hills' l J :: '.i-v-;'. -.'": ;' Talismnn-tf...: '■'...■ *2 83 -2 8 6 -■''•'• 2 81 :K;Z;■Crovrii,.. ■ >.. -':Q..i Q» ■ — '■-'- ..—,., ; > Tangiaro y;j.. : - r --;,V^..%^si ti : . liig Eiver {.-..■ ■ : :...\2 :^\tfo^2§Qio,y-fi'x :'■;. '-withVthe-; business, 'the. course-of''sales ' . ieingas" under:— ',-'?>■'-'. -. - - ■'■■'. .-.•..■'•:■'.- - : . ;-•'."• -.. '-;-. 35." M., £2 3s. 3d., i23s; 6d;; £2 85.. , 9d:,"-i£2;65.y42.-(is.. i 65." 9d;. : • JB2. 65., ,' 55.;6d.,"v5265.v3diV.£2-6s. 3d.-, i 2,65. 3d., £2 ■y 6s: 3d., 6s. 9d.,-^2,65. : 9d:,--iD3 6s. "9d.; £2 7s;, '■■■:•■■£& 7a. 9d.', -.'■ : --.;- . '■;■■■■:..■■.^aihi l -".iß;.lss.,V'jeß-.165.-6d.,-'iß 175., £8 16s. .". :.ti..,£S 17£|6d.j: £t> 18s., <£8 18s. : . .-;-:'. y Waihi: Grand Junction, £I :3s. 10d.'. .'■■ •-. •'- .; Waitangi; 3s. 1d., : 4s. Id.; is. 3d., 4s. i&., ds. 6d.' '-■-'. -v-EoyaruSfe/ie; lOld. ■ -;. ; - , : ; Tangiar6; : 6d., 6(l^ : fc»hf?J r '-- - ; ; As£i;, i, I-;: Big fiiveVyiJl l?s:* ■':■ -■ ■■ " " >M!i ■ ■■■■' -,'. '.:-; ,; .';':-I■'''■.■ '■'". ■.-- ■'.' y^x , ' ' .-lp-1 '■• '■*:."' : ' % : :- : : %:;i ■ : ;^& :■: ■•• Theiondon: money eliiblfe strghfetnf ' judging by'jthe Bankiot-EngTan'direturn. SEereC ,! is an increase of a.millioffisterHiife A.v«nd>bullion,: in Issue' v '.reserve of .'.notes and coin has'-iilßreas'ed'ib'y'i V-;,oVer.:ai-,6qo,flop,' , andjthe;pr'oporUpn'' , of''.-resgi ! *B v :--'. to liabilities * is two>points. better than a"Seek» ?ogo., 'In spite o fthese favourable' features Consols'" dropped 10s., and the Canadian loan was ...a-failure. 5 The.drop in Consols may be an' -.;..end of the"^month squeeze,- but the indifferent .reception of. the Canadian loan is due to the dis- ;'■ Wclmationj'of -the.JpublidjSte take, up such .; issues. \ The .Canadian. loanvfeued in June 'of . . last year.was a failure, aadWKSerwritera'Sniist ' : ."be-getting rsick of being : ;-;: issues. At the correspohding'Sate I'astV-year loan rutes firmed,,both: day,Hb":dafeani ( weekly' ■..'■ loans, rising J to li;per were' .: firm .on account of f;the end. of the''nipntli l';re- . . quirements. At. this, time in 1907"the' Baffle- .. rate, was 5 'per cent'.. Funds were not plentiful, , in, the - market, 'though- thePStdck Exchange* t settlement i'wae easily ; arranged.:. Loan rates, ■ after being-higher,'came down to 4i per cont; at"the end.of the week. : Disconn't"Sfttes..were ■ firm-at the.:beginning, but eaSeriatvtb.eXc'lpse. .The: Stock /Exchange' was dulVMt-prfii.cei-.re-* '■'". mained fairly firm.*/ ' ..' ■■'^'■ : --' '" vv •'■•; -.-..: >:■'■/.'■(' .. ~- v ■.-■■' : '' '"-•i&u '■' ':'■■"'■'■. "— -",. : :. ' . ■ ...-yt-v -;:; ; '- ''•;; ; : 3. EASTEES TEADE: '■'[ ■;, '.'-.' '■ -^ :' -Kew..Zealand's.'trade.with the East is insig- .' nificant, but' Australia is developing .a good ,' '.business with the Orient, especially in Japan ;,and China.i Mr. Suttor, the New South Wales '.-,.■ ComiuerciarAgent in tho East, in a recent re- ■ port, ,gives A some' interesting facts regarding ". ■■■:■ the grd"wth?of Japanese trade. For instance, in , lifUO the exports sto'od'at £19,808,354, and the imports at',< i 28,726,184, and in 1907: they had '.:'■• ■ increased and re- .' Bpcctively. '.['. Durinit 1907—the last. year "for -wliicu full;, figures - are gi/en—the trade .with. . the Empire; represented 17 per cent. .of■ the exports and, 14 per cent, of the im.'ports.:; ■'.The next largest trader with, Japan ; is the United after that Germany, and then France. While in 1903. Japan sent to Australia worth, and took;, in re- ;; turn only v6l2o,ooo, rr in. 1907 her exports were ,-'• : while: her ■ imports had increased to In, other: words, the' total trade • with Australia had ".iiicreas.edr-in the period? mentioned from dE455j000 ' to-.'''''i£l;26l;oo6,t;. with' ■ asteWily. increasing n)'argin'J.in"^)'ar;r J "An increase of 177; per cent.'iri i,; fi;ve T -y'ears'. : is;: .; 11 think, "remarks : Mr, Suttor r

/"an^thß;,;fact.: i^liaf;;,:,th] e;imp'orts. frbiti Australia .so .largely ;.exceed; ths -exports ;.tp Austra:liSC<B>livey:s:istfi>iiS evidence; of ; :the;,increasing preference,, forj ; 'Australieh:' producte;':'in which, •as-:.A;Br'.Be-,seeiirlatb?-':on, ,woqlr-our.,.staple propart/' '•:.•-/ ..' . ;.', . ;', : In 1907: Japan ..'imported wool 'to. .the' value of Austr'alia"..: : 'supplied, as.;, against : :-.'''wor.th- ■' in ~l9fl6..llhe.'ileatherA and hide importations totalled '-.£620,000,-. But. to this 'Australia'contributed .only! £891 ,'iil,JeatKer': and';JEB97B-' in hides S"j n 'i}iot,h:-lines'rather less than'in','-the vear ■previbus. •'.: The total ;■■ wheat - imports' in ' '1907 were of the value of X 366.927, Australia's share 'being-■■JBSS;o.OOT' as against £6699; in 1906,\ • The increase'in.;the irapbrtation- of.the-faw mate-' nal :is^6weverteßet^o£f :by 'the. dedrease in the maWufa'etiirei'iartiele,, the' , "importations of AustraliaTi flour ■•iri v 'the':year nnder considera-.tion-being, j^42ss,jaSjiCompared with £9131' in '% :pf &yi&& u yiti±® 'VeSult. traceable.; to the flour duty_ and'the.inpfease'd lo.oal millingachvity.;V:The' total. butter: imports' for 1907. were bnt^lljlOTiras.-compared'.'with £17,5.52 in 1906.■■...; Australia's proportion of the. trade, : : no'we,teiv ,fromv -23602 " in j' to J£s6o3:iri 1907-.^This.;ehbw'tlie"grb>tK-Hn favour of, to , ; "and" if"' the'"qiia■;lity;js,irnaj.nt»ijied; 7,'Mr.r.: Sutt.or thinks' that it. wiU . for ■-.all' hold the' premier ■ posi-tion...--!'-Cheese' froni^'Australia "r ■ was"a--mere bagatelle-sunder'.'. £20—mainly: because prices did; not. compare i.jwitn. those of competitors. ,It lS.;.as,yet;.a.'small' trade : Altogether but- it -mayi'be ; worth ;,vst, and the same apphes/.-.to^vpig^.prSducts. , :, Australian frozen meat appeared: on'the Japanese markets for the first time in'l9o7, when a'parcel of tho value of •£572-. jrasf disposed- flf?•.-,Mr. , : Suttbr was. hope■W:tnat' the duty, on ■ rautton— lss. 2d. per as'the 30;jp^-cenfc,.ndrvalorem on Ireshrmeat..would be considerably reduced; .it,. Wflbable.. that,, this country might be. lokw to more. f.6r,..Eve' cattle' 'in lieu ' of ;tne' Asiatic Iri"J?o7 :h'o'rses w.ere ■'jliife ! '' ; W a supplying-'tb':the value of AlO.dbS out .01't total importation '• valued at K46,000.-:.ln:metals Japan tobffrpin Australia in. 1907 ■ pig fkadf-to; (th'e> ; value'' of' £18,082, and sheet lead to the value.of JBIOG2. The Austral .'il a ° K o W^, h ? s r su %fdr<i4.?tiompetition with , ? the .American,4o.fth'e. 3d: per tori--duty,''.thfrs-ltftter>being ■ a,llpwe;d- in , at Cdnvfin;. ~tion rates;.;bD.t, : .:Mr.;.Suttor cbh'sidered'that the visit, of' 'a '■ Brbk'eri : Hill ;min'e:' representative ■ would (have 'the:- effect of improving matters. .He was informed that sheet■ aiul tea lead and lead -: : tubes .would most' probably,'-: he;" taken In. larger'quantities from; Australia 7 ." '-'-."' ...'•■ ".' iSfeSXte|lwfcWfl*ih'a^incre"ase''' ; trada.with Japan-and- its..possibilities of still larger-, lnorease, .Mr.' Suttor feels" constrained >9.' i SS?* 1 7e that the, development, so far, , has talseSi, place,,u.n3er;i adverse 'cbndi.tidns. "-The Japanese are"; sensitive 1 - people," 'he .says,>, : Sand 'deeply."ires9nt remark's of a'hostile'- ;-?, a ? n , re ,£i As; .a .people;-:;they/rare; inclined '-.'•to ..tJiinfc.., mtpe ithan;is,eyer,;.uttered; and;'although 'oiir; r commercial"; o'ommunity. "are endeafourlng to s build up a reciprocal :trade,s_till hardly a v i month , goes by. .without some.peanng m the- local'.. p'ress4a -quotation of- ! some hostile speech or other? ;made by some of _our pubucmen in Australia.'' : ' Ad.verse briticism emanating from Australia is daily proving great handicap, to those', endeavouring to build up a great reciprocal■:trade in-'tho Bast, ■ our. natural. trading, , ;centr«.''- The fact I cannot.;'be .disguised'. ■ tljat-...Japan ■is • destined,' \ "J,. her . geographical•' jppsition , tanU;other;'con- ' ditions, m which the'g; adapHveness';bf ' the' people plaj-s an important/part;. to be'a , great Irading.oentre in. the Orient; a'nd'now-that she- 1 ,£- entering; more :actively- ; into; /the' commercial world,*-and at the same' tinieiencQuraging-'her Western ideas,-Limpor,ts-bf'ithe \6:inds.Trfer|ed to; are likely,.tb : increase v yea'rly." jj>' "■'■ '.fo ;>■ - '<: '■'.-. :'■ ■ :"../■'^•■'i-.'v':'-'"-■■'. ■• g* - gnotes: %'.i..,.'' ■ ■V;'.-:siessrs.vJphn'.Cqoke and. Co,, have compiled ;sqmS ; . intefeStingJ;rßtatistics ■ fel-a.tiye', -to- the ex-:*S?fc;-ted from.'-lhe Commonshinmeht's of niutton represen.tpjSß3,4oi ( /qarcasses; lamb, ■ 1,379,269 carcasses;, afld ! -beef,*234;B?i:.quarters.:' Of' the foregoing totals the expor.feito the United"Kingdom . were 795,814- carnasses 'mutton, 1,358,557 car-' casses lamb, and,g1,983 quarters' beef.-: From New Zealand the'ijfta.t shipments' to the United o ns 3? m '' com P ris «CTv 7 i 2 '2W■cafoasses. mutton; 2,610,235 .carcasses .lamb, and'196,388.'-quarterbi beef;.:and to places outside:-'the. United King-'l ; ? 63 | 2 '.carcassesi "mUtton and' 3872 quarters l bc . e ;-: The: Australian totals,' when' , compared '.with- those'i for 1907, 'show, , 'a' "decline of 335 553, ;oar.casses muttbn and - 1i113,357 r ' carcasses lamb fe^?? r( lSw.™P|3Jsug. 1'.ie0;272 carcasses Sndif ~ S . ■ ■ :■-."'.-;' <■' -,; v- .■■ .-' - _ At the last meejjiigitfh London,'fef.th'e P. and ...0. Steam 'Sir■■ Thouias S?A h erland, referring to' the wifh ChinaAalthough' it. showed -a-little weakness , ' jt. was,- upon the whole- ;6ne ; of their ' I 9,WfcJ!Sfis l iU n ?.fields of opeXatiqp;.,and.the': extanßipnvvflfGailways, which.' ; was 'proceeding there w and, with"great rapidity, promised-stoi'niake>-phanges in! tKnt country the iffipar^uSKßf^wliich: iio, man: possibly ■ could-tqreseei«*«^ithin' ; theVlast) few! days he learned that a'"n"ew"kind of cominerce'-in'con-nection with China-was?about to' b'e introduced The food supply of ,T;h"e; United .Kingdom was likely, in the, course oMflexf-.-year;- to' -bo' assisted largelyiby the introduction of that;.valuable -prpduc^s;tlte,^hipese';pig i ; .: , which, would,be carried in-.tnousands anf'thonsan'ds , in refrigerating chamb'ers.'"S!Hedid hot'suppose that' the commerce of thie^kind "wpuld rival that or the frozen mutton trade of New Zealand-and Australia, but stranger things had:hap'pened.

The question, of speculative ' insurances on ships has' Been., pcoupying.the attention of marine underwriter*, in Great. Britain, and it :4s. understood . tH'at sorao definite decision 1 h»s.i;beetf'-,'arrived at with 'ithe.'; object; of loheckingC tne.. atfuse ..lOf the';- risks[-.'known'' as ;"polic£ ps6of *-pf Kiftt'erest," ■-> shipowners are concernedr .there is a con--eensas oj ojinioa in favour - of: 'legation- to

.remedy the evil of gambling in ships; but underwriters generally would prefer to stop the operations of mischievous speculators by the insertion: in the policies of a special prohibition clause. Undoubtedly it is the shipowner who stands chiefly to be shot at by chance "spotters who may use the P.P.I, policy in the hope that any particular vessel will go to the bottom and thus secure the insurance money. On the. other hand, underwriters are not agreeable to any solution of the difficulty whereby the legitimate interests of the assured are not fully protected. As the law stands, even at present, these P.P.I or "honour" policies, which are invariably issued against total loss only, are illegal in the sense that there can be no recovery of the insurance through any "legal British tribunal, for the reason that": documentary evidence of interest is essential to make a marine insurance policy valid. But it is well known that underwriters always settle P.P.I, losses without raising questions of validity. It still remains 'to be seen what steps,will be taken after further discussion to remedy the present ■state of affairs. It is reported that there ,is' a strong feeling already manifest in the marine insurance market in London that the President of the Board of Trade may remedy the evil by a special amendment to the Marine Insurance .Act. : ■. ■ .'■..-. , WELLINGTON SKIN, HIDES, AND: . ; .■::..- TALLOW SALES. ; /. iMessrs. Levin and Company, Ltd., report as follows■ regarding Friday's sale:—We held our fortnightly sale;to-day. No wool was offered, all now coming to hand being held for the sale on February 19. There was a larger attendance of buyers than usual, and our heavy catalogue met with very spirited sale. We offered 8000 skins, 1800 hides and calfskins, and a quantity of tallow 1 and horsehair. .Skins.—We : quote:—Pine crossbreds, 6d. to. ;7d.; crossbreds, sd. to 6Jd.; dead skins, 3d. to Sid. , ; dead hoggets, 3d. to 4}d-J green pelts, Is. 3d. to Is. lid.; lambskins, Is. 3d. to Is. lid.; lamb pelts, 9d. .- . . • . i Tallow.—Firm. Parcels in shipping order, '.£24.' Tins, .£lB -to .£2l 10s. :Eough fat, £10 to £U. ■'..■■ ■■ .■ .-.'- ■ : ■■ : -■■. ' Horsehair.—ls. to Is. 3d. per lb. Horns, ss. to' 17s. 6d. per hundred. Cowtails, Is.''3d. to Is.' 6d. per dozen. . '■ ,',.' "' ■ ' Hides.—We presented the largest catalogue of hides ever shown in Wellington, and,one which attracted a large attendance of biiyers,-. several, additional representatives of. outside tanneries, being- present. Competition _■ .was.. eitregely brisk, and' prices ruled on ■ a level whiclr* we have not known for some time past. For .two stout hides, the record price of BJd- was:obtained, and for 21. heavy, , ox.' hides,, 75d.,: and 42 mediums, 71d. Calfskins were eagerly 'Bought for.at'np to as hieh as' BJd. : Cow Hides got up to 53d. for best. We quote:—Ox hides (heavy), 7Jd. to BJd.; ox hides (medium), 63d. to 7Jd.; ox hides'(light), 5Jd., to 6d.; cow hides, sd. to 63d.; cut and slippy-hides, ;2d.'to 45d.;-stag hides, 2W- to / ,t}d.;:;bull.':.hides,"2d.':to-.:4}d. i calf, .best, 7d. : to B|d.'; 'calf, ..medium, : :;6d.v to' '7d.;. calf, cnt and. slippy, 3d. to 4d.;7--.'•. '-.'■.:■<:'.' : ,'; Our next, sale',will.be.held^pn'-'Friday,-Feb-' ruary 12. V ■>■-■..----■-■•'■;■■'.".■•■: •--'>..■ -.i. : '-' "■'■/■■' r ""-'"

;: ' : '";t : Messrs..A. H.' Atkinson" and Co.', :Ltd.J':report large entries and good market'in all departments, some 100 piers -were.sold.at.better values than previously ruling ' . A. large quantity of peaches, .plums, nnd cherries, in',excellent condition, were marketed,' and-sold well. 'Quotations :—Draught horse, '£23 10s. '.. Pigs, suckers; Bs.;'.wraners, 7s. 6d.. 8s; 6d., and .up to 9s. ?d.; sliiis, 10s'., Ifls.' 6d., and up to'.lls.:,stores, I3s.r-.lSs. 3d.. -18s. '6d.,.nnd ur> /to 235, 9d.; medium'-weight porkers, : 245.;,265.', and up to 295.- Poultry:- hens,. Is. 6d., Js'. Bd., Is. fid., arid up: to l 2s. Id.; small roosters,: Is., Is. 4d., Is. 6d., 2s. 3d. to 2s' 9r). foi^better 6orts, all at each... Ducks, 25., 2s. Id. to 2sJ fid.;' pecse, 3s. Turkeys,. gobblers, 13s. 6d/-V pfddnce: Burbankra'nd , other;plum's.'3s. , 4d:'t() , "4s,' per case '0f..201b'.:. penclies; ss. ..to ss. .6d.,-per case , (60 cases-sold);. tabid -*>s;; "sacks. 9s;;; hats;'. Ki.'/ftl. , per.ibtish'eui SA : large,quantity; of furniture was disposed -of. ■" >. : : . THE FROZEN MEAT,TRADE.;' ■]',. \y .'.'■*■.. : NEW REGULATIONS. 1 . , '>;' ''.'..;'■'■ (by TSt.EGiurH—press association—copriiioHT.) ',-' ,y. (Hec.i January,-'3l,';-4;15 p.m.). 1 '; ".V" .' -■*■■ .- '-'..- ' ' London,: January 30.'- ' -The FrpzenvSTeat Trade. Association- states that the Local' Governmenti-Board will- , shortly issue, fresh regulations in respect of kidneys, sweetbreads, and 'other offal; in:th'e meanwhile,', the present style of packiigVis to'be continued.: W.hen .the relations. ;are,issued.a fortnight's graee'will be igiven-;colp.nial shippers, inwhicb to ship existing stocks.''. The. association 'suggests that stocks in: the present' style 'of 'packing 6hould be kept low pending thp issue o£ the , tew :.;,,';.' ,';' ["..' ■'.'...''. ■""■'. LONDON. .WOOLSALES. ■: -s™•■'■'■■ - (BI ''igSOruTi.ONp-COPTBIIonT.) ;:■,.„' L-- I;'' London; Janunry 29.;' . ' At the wool .sales there was "a brisk' sale and ■ a be.tter. tpne.;. ' I- , .' " : .'-'.'■'■.-'■. -J ■■■■.'■■'.■:•;.•':'.■'■• . Best merinos.,are .improving: Other Porte we firm. '■ • '-.','... ■.-•.. .'■ .■•'■■:..;;,».■■ . ■ ■■■:'■::'!-■■■.■,.-. ..' Messrs. Murray, Roberta arid' Co. have receiyed ihe following wool market cablegram from their London agents, Messrs. Sanderson' Murray and Cor, dated January.',29V-Coarse"'fo' medium crossbreds, except ■ those suitable" 'for America, and faulty and inferior merino, have deohne'd 5 per cent. The' market for fine cross-' breds 'or. good- style and breed' is firm.' • ■ - - ' '-.

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