COMMERCIAL.

Dominion, Volume 2, Issue 513, 21 May 1909, Page 8

COMMERCIAL.

.^^■']hw&mti^"flliac(a/coni;mue-,'.qjil^t. i '-'nid •' in i ; .'{.bne/or'.-two -:basos thereVis..-a/:disposition for : ;:Jiyalues-/to'--'deoline."^.Gears,-'^' : -p'aidi'had- - 'qmt-[■-■•tantoat£2l2s.?6d.', and New Zealand Portland //,Cemeht : ,at/£2 ;os,i; 3d.';; Bank of.{New/ Zealand „;/were 'easier;-'with .buyers: at £8' 18s.' 6d„ '* and. •. % sellersat :,'£9 >ls'.'j ] National i Banks,,' buyors ■£& . :f' ?s.',-sellers >£s;Bs.'r:' Equitable Building, 6ellcra ; '.-' ; £9 Jlsi 6d. riWollihgton .Investment, buyers lis. Trnst;and'i«ari,:6ellor3;iE7 ls.j {TFoilding ;{Giffl,'/buyeTs';'£l,'sellers' £t:'05...9d.; .•'?; tellers'; £18/10s;; ';'£s paid, : 'buyers '£13,10s,;'new ) '^ira > j^.)wn:2sV : 'Ed;!prernium;-;Naiional In-:/:VEUTattce,?-sellers-£1 ',Bs./-9d. ;;New' : Zealand 'In; ;f><eurance, : -,seUera';£3,l6s.j-.Sotith British..,lrisur-, 1 :aanceV«bn^rs;.^;!;Bs;fl3d.;: ; 6eJlers^ie2v93^ : 6d,; ,:; -Standard Insurance, buyers £1 ila. 9d.; .Christ-- ; ■;/ otaircK-i Meat; -buyers - : >£10 ■'- 6d; J > sellers ■ £10 ;. :;.125.:6d;"; Gear ! Meat, " : £i -'paid,\buyers • £10.25. 'if, 6d.j ;fil ,paid, -buyers f'wE2 Us. 6i.i Wellington i > ,'Meot,Eiport,^^s•paid,'''6ollers'.£6 43./6 d.; Wel-' AJ -"i£2,-;'l9s., i sellers'' £3 ; ;.?*JWestpbtt...Cqoli buyers ;£6 7s. 6d,,/sellers £6 Bs. v'-jGd.-'; •.Westport-Sttjcklon/ buyers.i.Ts.; ,9d., /'sellers.'; fsShl- :ldi 'j.Kauri'Timber;.buyers-Us.' 8d;, sellers f;'vJssi';T'l*ylmd-Q3ri6n:v'Timber,'vßeUers-;,j81.-;:2s.' -i.fi3d.;, v New.Zealand'Portland-Cement, buyers '.£2 ;//PB./3d;;/6eller3/£2/:ls.'/Y ../'',"•////;-;: ; ;:i; v --' '■H-;t The fnarketi displayed "a- quiet;;. tone: yesterday,; '':',and; the",business.-, recorded /•was of- small r coni-' :.' l :{.:paS3.-/'/At :tho'.mOrning{'call,; sales, of .Waihi :-t Grand /Jnriction at: £2- 55., ; -£Z 55.;. 3d,' £2 ; ss.y ;/':Watchmon,:B}d:, TalismanV£2lis.;9d.J;£2 125.,. ' j'-Waihi-;'Eitonded,.!6s.',T and: Consolidated 'Gold-\-/fields/• at'-;. 185..:3 d; .were reported,/.while 'the' fe/buslness -recorded -at/,the;afternoon/call •was ./:--M' ! under':^/' ; r, i ,v: ; :;.''-^j^;//V ; /'/'- '•.:/;'.'';■..;' *?,hiA-\"~i', : i : '.-r'',\'■':•'":.■ ■'■■ -Buyersi,'iSellers./ Sales.; /:'//- v /;vj;/:;. : /;'';<-v/:7/; ; /:-ie;s. d.'v/£ s. d;-/{£{.s.{d. «Waihi f Grand/June-vi"^..//- I .'.':/-•';;-'-''' «'/; : ''tioh'/'X'''!/S: ft :v;:.'/2':^i;9'v' : :2 /5' '-.-a -2 '5 ,0 // Waihi' Extended// 1 .;.' 0-:6 v o ;/0 G: 3i? 0 6 1 ,7/Waihi'/.;v:^;/v./;'/:- ; ■; 9 T S;O ,>.-,^ ; - ..'H/\;.{;{2 li/9:/2 12 '0 '/2 i 2 ,0' ■■-■ Waihi"'Consolidated '•/' ,'o"'.2 i ■ :>.—,■'. •': ;:-.WMl^nl\;.?.;'.t--' , fr:.':v , <ori4--e;f;0 : ;'-fNowSylyia/f..; 0:'2,5 -/O 2 :?. ; W: —;■ //Watolunan ■;-.:: j•:/—;>.,? 9/0 9;/0 08J' /tSaio"n';'«//-'::V;;;/ v :ij;;//:no2; ; Oi : i'o,J ' 3■■■.-:■ •-/-,:- /•"'TairuaWoken Hills -, 0-2 ;0r "0 :'.2. 2 '. -: —:' : ,/ ; /;'N;Z.':Cr6wn.^:''^l : .:; : P;'—'/?'0 ■ 5^3/--:-:- ; ii.;.-; :■ ;/:• ;0 i' 7-. -3z•'/ • l^Con^:(GolM6ld3; : ;//v.:/p/l8;■•3:.;/o;iS/e : ;/0vl8:, 3/ ■v.}--The''SydneyJ/papers'BiTe'.Tery ! .fall:reports-of J// the/ 'proceedings'/at'/.the- % annual .'■i meeting.':' of. i!•■'.■■"policy-holders-;-,of■• the/A'.MiP;' Society,i'heldvoh' 'v.?3?riday, ! 6f/last^veekl./'The;HonV,^ //; 6tbn,"j^chairman;,of/,the/Now '] Zealand'.Bqai'd,' '■', 'who /attended"the im'eeting '.by; special ■iinVita'-': .^^ : ' ; -;tbn,',in..cbncludingihis.:'r*emarks;on'the business' /2bf'Hhe/,spciety:/in/the/Dominidn,/'said:—;/■ // ■:.V;':-r-."Comment;on--the'financial..'condition;of New /^Zealand:/is,-;not ; vinfre(]ubrit.;ju'st, now,/and;.:it; // must /lie ; adniitted' /Dominion has nofc /j/escapMl t^e,igen«ral:.trade/'depressioh,.which ; in j'/Bome'jp'a^tsvof'/thet.cbuntr/'-has/'been./accen. i/',faated :by-eome; in\land-Hrairti«ultnral, /;, pastoral; 'ftnd:. euburban^which : could riot .'pbs/;.,;slbly/be;/ju^ified':»unless/by •the Mjelief.. that. '/■whatever.,one ipiudj/some.: still;-more ; !co]ifident •/' persbh';'w'buld:6hpr'tly; offer, more/;-But.'/on-the iilother.;;h"and/t;,we 'have/experienced ■ a;inaiTol-. ', ; :/lously/;fayonrable;v season/,;'yielding/.rich-harT /•.'ivests/'JafprqUfio^lambingi^a.Eheavy;-"wool clip,.; /.iEpod/lruit.''.crops'; -:and.'an,.abundant 'supplyiof ,V,/nlilk'i../^lnl'-additionj/ : :.the'rtf/hasi been "a.' very /;v-important,'recovery', in;^'.tib' ; price fbf bnrVstaplo /;/product^wobl.-.;;/te/va«x-i;/^lv:l;'/'i > >: ;^'^ '.whole;'l/think/the.■ conditions point,' f/'/tq/a/.Ke'neral/imprqvem^ K reasonable; view vis";-that ;\' the < : ;Wors't?!of Sour 1 :/;:.tibuble;is i . : ab:'eady/byer//rad^ •/•'.care/there : ifof»i , aliaT^ii'^■Atf?ail ; ie•ri! , /. ; '■' dence; cf fthe sprevisibn fw^ •/(for,the/;fnture;. il/inay; state/that''at-'.th'e'*clb^'ol ';f:of/1907;,thb.-'as'surnn(»;flg'uteeffbr-'th'e-Domi ■ ;"Z:'aisclosed'/;the' 'fact /that', ■current' ,//.122,924/'p'oHcies/|assurih|^^ ;V'j arinhal; premiunf;revomie-.b'f / : i£97o 'fiifr •■Tq/'thisi i/.havb; to ;be';addeds ihdristri<il .•'pbliraes'am'q'unting; * / niiums >f: :So Hbat," ftakin^'the I popa- ;:;', lation ;of ;tho /countryv at ;one;mUlJbn,\ it ias. an' ,•'.; assurancb:'of '■; over;^^ i^3o/fOT;-;cach.;marij';womkn. : ;J./and:. '.child/.'in.;';i_t--/(cheers)r-and'.Vit' .pays; ove? secure;theisame/ ■;'.'. lithink/thisf:may,,be'/iccbrded/as"' £>; winners/.', to ;>. ; pr'ovida 5 if br/'/thoso ''■ ;/;ithem,'v:and;;w.hilb;:-'it/mbst ; . ceftainlyf establishes/ /?:'the_ .(treat/ yalup/tp'" 0 L society .Jos . ouis, ( it '{ alscr-as /we;' do;, over -: qne-; //third..:.of/(thb/whole ft;:marks -.; thq. t.cPnfiderica/re'p'osod^in.;%', ■' as: euar- •.,:. dians ■qf ;sq ,- ; vast ;a/sum. : 'vln ; .-,ccnclnsibn, ; I • /'•fbe/.able/.to. assure Vyqu ;of: tinned ?//factpry^sta'te';pf/aU/buT.;inv^stments;" ;gi|| ftfgE, Mr/i';: JamesV i .Patten,/:.whe; (iiJengirieeTed/.a';-bbrrier- .in' having' v/beforo : many. •'months/h'ayb/elapsed,' peopltf'-m; |K ; Eurbpe ; twquld;// be /stru^giing:-i fqr; ■'.■' bread'/in :j':. f ainine-strickeri,: but Zhis''forecasts ore 4/nbt;;likely„ tq '.com'q, /anywhere;.' near;correct. /-Mr/' .sVPatteri'/set'eut ta\corner."May-wheat,'■;and i .'h6 /?-paftly;;sucoe^ed>iri;his': : operatibns.;;''.it'onb ; :'.,': penqd;■ he/w& .reported-■ to ; 'havo"made many l ?. .ithousands/of. ponn(h..sterling;/bnt 'it is. really .;,^do'nbtfiil>whether : i hp/willTcotaa' r onti ; of-thb'.. ; deal : : .';. with" t any,jp'rbfit;.at/allr. Armqur;-;'andSOgdeh -Sit^i^ e ?* /'■ ; -.S, or ™ er /'hbva- purchased/a-millionibushcls ;,■-• .wheat;.thafcis-fqrrdelivefy ithis'/montlij--;:icand;Patten,has ■ sqld rbut; two /million-bushels.-oonnter-mqve'cn\the. part ,01-ATmbur/and. ;r.;Ogdpn.is mterestiag.'aridiseems -to:indicate.that ;.;,r,they : ,will:be able tO'.squeeze'Pattenneit'month; ;-/, Annqnr sHried;- last/ year /to iißanfjnilatq';: the ■~;; May ,;market,: and; had: nearly-; 2,000,890' bushels %:■. of :yi \<>w^ deb.ver«'d/to .'him'.,at/t!w.: last''of .v'tho. $ \ mqnth./iHe ;■ had/ the; whoatfibnt-thbro ! 'was''no : ;;; market;for it, : ,as the'millers'/decided/to'wiit l'/ f 9 r -th>. .offerings qf.;,tho ; newfcrep.in July.'-Thb 'w said,"to; haro"; cost 'Armour '';^ii?/» 6 :, m eanTfhile!.the 'Mark ;lmo'; quotations' 1 >/ gave i drpßped>andv.tho : ;price/of:'flour ■ in-I &' v;/ealand,has'be«n:;reduced':-wBl per.ton'.;'Thb fall '/«. ln • wheat,.wjlf ; Australian imillers-to' ex:;:;;PQrt/flour/toyNewfZcalaria;;;/,';./..//" ;" ;

;^'p!A-;;;^-L,dNDpN:ASm^ Sporation ;,fpr;aßqa -.shows'; that :inth6;lifo'depart. : ■.T.ment the net-jpremium' incoiiao' was 'Mli&iG ' ;>against^l7d,lss. , 'im'l9o7,';:and,th6;aiie funds ; !w>?f ta y.with v-S ?' 3ll / 109 ■■■M.jtito- preceding .year.'- In ithec-fire ;j'^Snv P H i ™^^ : ? el3ao ' 3l9 ' and - I, ' s ses ,: A316,068,-,the-balanco.at'crc(lit of the fhridbe;;l7)n^increased;;to:::ieisp,ooo:aTho v accident:' de-;::-Partm«nt:!sbows;a,profit.:dn'tho year's ft operations l /resulted ;iri 'a ; loss ,; oi ;.Ab/5b,,.. and-the vamonnt 'at. credit- of-'this compared with in 1907*Si'v'v S ?^4 IT !^ nd^'the :rat «: of 20 per ycent. : w; distnbuted,-payable':half.'at, 'onco and y ;: the: balance in October. AThe;Melbourne branch' e F:;^ 9 > a fflf em %¥^- ; B-.ArchboH.: Krfip alian) Lm : ; -3 «^Details r p|.the;prospectus of•:tho:Bovril : (Aiis-' :.; ;Estates,*Ltd;,'are;:availabie'.frbm Lon,r(dqn.j,ln..it subscrrptions. we're: infited'.for a vtiuartor, 6rdi- r :,nary.shares of. ,61 -each. '.These praforrcd shares .'jhaye.priority. as.to ..capital, are cumtOativo: as ';^^'^ nt lv f i: hivo the, further;-rißht:;to :■ one-quarter -: of tho .:, surplus-profits, of .the .company.distributed'in year;.. Ono;.of; the; main (objects of the ;: company :: i|.,the jdeyelopment■•of (a'.new' source ; : ,qf ; 6 Trpp y.:for.;Boyr,l, :Ltoitc'd^;frQm: Auktralia, -. and. extensivo.. and :Well'Stockcd pastoral, pro-«:P°r^JW--heing-'-acquirod/:which, '^ St '^o^ a ? %? -Produced, profits Tanging :,vh- O m.-J20,5M:t0,^28,qi5 , ; P er ,ann\un. "The ltl v ;.porties; ; ?ompTise,an,area' of 14,500 square-miles >^ir°H,?^ 6( ? p i of/;SouthHiistrilia ■i ; ?^ iM - f si^'Dt ' ol 'Western - ;., Si;°? ;th ?-' s^ k : « elated "■ at ,some ....-IOO.pOO head v of . cattle. .Besides breeding. and & ;,cattlo ( vit. is.bclieVedTthat; tho ■:.'«#°,-, c , on P an y. mll-.bo. substantially:increased ;;works which ■ - board to^stabhsh-the;additional annual pro--;£•:ni r ?w i;thlss ?" rc6 ' bei3 i?r:estimated by. Mr. ?: o,Dsnttin g'engineer,, at. not. ; l»ss;than,iC3l),oßo;|)or ainuin;. ;: . ~-' > ■

w. japan.:;:';- ■'::}: ;; : f'.;Recent Eastern,'fifes'lir^;particulars. of -tho \' ; :foiop it *do;»f ,J»pi«iWot tWyear, 1908,"aid; ; tho IqjnMS roreaj much thesame characteristics ;i ; a«..*»_'obeervaWo misunilar.rtcerds by "other .■\c«satnee.:-:C<nnpftTed with/the preceding twelve •; mnott*,i oxporti (how,a'deeline>of 13 p«r cent., yLaaft twjwrtii • aro;l«s,'ut.';TC por',cent., the• bal■;'Htm rf. trade beiior ognnst Japan to the extent , /of , abort iS.OQO,!)*.-■The total Volume N of over;i Be*. .ta«4». amounted 'to J&I.IXQ/m, the 'lowest ;..in.tK^T«tr. -since 19MV; The. chief reductions \. in «aj>orts were.-in silk, cotton yarns, and manu-.i ''.!;fact«m,.: copper, • timber, and ■ camphor; but newly'all the. products of th© country, shf-.-hfered.-;--Tlw. decline is, attributed partly, to-the .^/geaertlr.;-business .: depression yih, Japan and '•abreacl/ partly to,the 101 l in silver and copper t- ;Tala*», .»nd.'in ; ;.part;.:tb the reaction-from the following the;'war with Russia.;. The /-burden'.of taxation is so hcaTy that; Japan ie- ; •'■ cently decided -to defer .'-.expenditure oh' proposed . .additions to the army.'and navy until the eqni-vMlibrium'-.between exports.and imports had been ,-.i .restored. ;0f the-amports,- .61.;per ; cent.,;,were.

dutiablo last year, the averago rate of duty being 15.93 per cent., ;but .the bulk of the revenue is drawn from excise and internal taxes. Thu note/issue.bf.fJapari; at ■.the.end qf. 1908 : amqurited-'to 4£32,388 J 0Q0,' against which gold to tha'exteht bf J 51.99'-per ! cent. 'was held, being tho. highest proportion sinco tho gold standard was'established.'in'-1897. . ."/-i, . :... . f;'</'/ : /; ; .'VNOTES. f /j.•'■'-'■■■"• '•■'/ oil) 'pißAu'oj }nSnojq f 10'XSy. a'mqii!it;of.;prpnts.available was JJ93.707. The interim dividend at the rate of 9 per cent, paid in November last; took i! 18,000. The directors- now-placb • J820.000 to tho /credit of reSsrTo,; : inating its totnl i! 325,000, and thcydacl»r» a diTrdend at the rate of 10 per cent., absorbing The, sum of is added ■'■to v the officers' provident fund, and .£IO,OOO is applied to : writing down bank premises, leaving .^15,707.'t0;b» carried forward. Tho bal'smceHsheet.'show's'that liabilities to shareholders amount.to .£700,788, notes in circulation Ji193,-802,-bills-ill circulation i8H1,995, and deposits J!3,524,813. / Liquid'' assets . stand at '■ and remittances in.transitu '.;Nbw' Tork:Will:shortly be able-to boast qf.a colossal store,'.'which is likely tc"beat' creation.,-';. It/will ,bo; a 13-story building, and the fmbsfc. gigantic, 'impressive;, comprehensive aggregation of commercialism, in its various departments of .all:'embracing i industry, evor presented to the American public.:; ItVill.be built in the centre of the city, at a cast qf .£1,000,0G0. •qn- ground valned at'.il,3-10,000. : . Therent to be paitt'is 5 per cent, on the ground-valuation, and 6 per cent, .on .tho cost cf the/building.' It .will .'cbntain .274 'acres/of ;'floor "spaced aiid in ;tho basement will be a station of tho Hudson and _Kailroad.' . Fortyrqne passenger lifts ; dispons'o,;with;;all stairways. ; i"ive';thousand inen'ahd women-will be emplqyed, In,addition to a' hqspital fqr accidents, rest, and recreation r00m5,.,; restaurants, ; a < nursery:. for.' ; c)iildren whose'; parents are shqpping, and other accessories common to all American stores, thero will ■ be,-a/bandstand /and;an illuminated- fountain. .', /Tho report of Burns.'Philp and Co.,' Limited, for the year, to"; March '31, states that u the gross profits.were''-,£212,884i and the previous balance £8697, .'making tcgother ,£220,891. .Working ex.penses,. etc.; reduced tho net i bal-. ance t0.£61,028.; From.this it,is proposed to pay ■a 10 :por cent.,diviSehd upon the paid-up capital,/absorbing; ieSo,6oo,i to'.carry £15,000 to reserve fund ', (making, a total.- •■ reserve'.;of '.-9340,000),'t0 set' aside £6000 to bemused partly, in payment bf/a bonus to the cempany's.staff, any 'balanceMjeihg.'placed to tho .credit of. the; em•plo'yees' gnarnnteo' account, ■•.{•which was considerably,depleted, during the past.year,.and 'to carry .forward the;,balancß of .£10,027:165. '7d.' ißiisiness ■at head office and .branches, has been-'well'-maintained■,"during -:the pear,'. and '■with good 'seasons .there. :.is,,every...indication ;of. a- boritinuatiqn/of remunerative,results. • All .the company's.,properties and fleet of steamers have; been: well maintained! and. fully .'written-down;'- The board ihas decidedHo, vm;provo'tha,: Java-Singapore •: steam- .service - by shortly' employing'-larger insulated ■ steamers, whioh'wili,. enable. the .company >to carry out ;the important contracts held, as-.wellascate. irig/for ■ the increasing trafic..•.'.;, .;•.',-: /'..' /;/ : ':'The'' Custqins; revenue cqliected'at' Wellington yesterday, amounted to/£2242 15s.':5d; >;./ SALES:/■/';;■'/'-';:,/ ' -Messrs.' ;Dalgety:./and:'Coi,• Ltd://report'on' theirl-Palmerston sale yesterday/as J^follows;— ' There -was ■ a: fair/entryof -cattle,, and ; all were quittedi.'at'auotionJ.'.-Empty store cows, :355.;. fat' raws,: £3';.115. to-£l;.fat'heifers, ;:.£3 ,175.; empty':heifers','in good/order, £2 155.; 15 to: 18-'month's-heifers/i265.';.'18-monthS:steers',,-.£2 Bs.' ; 6d;; -weaner';heifers.v2ls.;;weaner;steers/.;335. ; 6d; : r;3i?years;stebr£;;£s ; 'Vie- ■' pbrt(/asv fdllbws'f^On /;Thursday;;'.at ,;oiir; usual ',-PalrMrston ,, .''sale,,''"both.. : .sheep, and-cattle,-xame forward/in'excess','; of/advertised/huiribers. /■ All *sh'e'epj'-sbldt,'ffoely',.. especially: good.' ; i:'bxeedin'g,./eTOes'.';.'We;''quote:t-Shcep i r T>vo,' four, ••«nd'>lx : itooth;'«wes, A -ini:lamb'?l3s.;vempty ewes, ''¥ged, ! "6s'.;-."two ; fabth.{"vetherSi Qs'i-'.tb .10s.. 3d;-'; small;.wetfe",.'/8s:;//gpod -{.woolly/lambs, 95.; l-w'erb"'harder,'to '.'quitSthan'.'last'-'week,', but any :;line3s'ef''good/young/'sfeorSi/sbld y'.wcll/; /We : qubte:^iß-mohths'- I 'st*c'rs/,/355; / '6dJ , -:tb:'£2 -65.; ! 6d.'; : 'lß-monthß.hcifers; ,i 2Bs. 'to-'358.j-'.two-year ' heifers, - in.'-: calf,;: £2 ;155.; two-yea'r,::small,- £2 155.; forwardcows, 32s."to'£3;' fatj'ahd;forward cows;:.£3 ss. to'; £3'l6s.;'; dairy/cows, in calf.i ;£3| £s,:\and\£6./;//-; ..//;/■ /':.'.;.- •/ .•! '.The? New: Zealand;^Loan'/ .and/i'Mefcaiitilo Agency/'Company, 'CCtd'.,' report Palmers-. ton;Nqrth ,yesterda'yr,:W'6'' had ■a/i.heavyiyardin'g: / qf \bqthisheep-and: cattlo/;/There;:was : a' gbqd l'attendance, and we Kove'.to.report a totalclear;nnce''at;{late,':ratcs/;;{.We.;OTpte:— cbnditiqn-'fcur arid;-six'-tbbtn.''ewes, 75. ; 6d.: to .9s; : 6d.;! cnllVcwes,;: 2s. 3d.: to 4s. 6d.; .purebred ! Shropshire :"ewes;/10s.' to lis.'; fat. ewes, 9s. ,4d.i' 10s."--5d.,' '"10s.'- 7d., r;to lis. Id,;'■'■; forward ,^thers';'frlos>;!7d.i\;ips;V.9d;,:'.'.los;- : .;-.lld.'./'Cat:' tie—Store;.;"cows,:; ',30s. ~-.-tb.-. ,375.; / 'forward cows;:{'£2';lss.''.t6/:£3'6s.; fatJcows,'£4.l2s'.; two-' year heifers/in calf,", £3 ss.' to. £3 ;7s.' 6d.; '18'month,.heifers, £2 ,95.; 6d.: and £2,105.;. Eteers,- r £3'?lls;: 6d;' : tP; £3 175.':6 d. ; ;, three-year, .etee'rs;/£4.-15s/; cows'in.calf, '£2 Bs.; .springing 'cp^; : ;£6;/;j://://;; T ;./.,;/;;'/',,/;..;/ ;.;-V;:.;/;. ; : {;'-/':/'; ;/l/.;v i g}'/';^./C^AND' Dl:'Cbv""j : --.'V-V; : ; ; ."..//:;'.' / ; {/;;'V^i v .XKiiGKir%—raiss..,AssaciATiON.l' •'.-::'/• ',',/;,-.;;,/;/'/; y/'// ;-. :'• /' ;;/N apier,■ May '20.;;' ;/.The-,C.^C./ : and pi'.Company'.;cable:—"No.improvement in the/ frozen-meat -market. ! '-;Prices .yn'changed.";;^;; ;;;;'- ■'■■)}, •'.,. /.'/•/" -/k,:/'./^-' I :'.' :;/Jv/;;:'^:STOCIC^XCHiNqE/:' 'H:h ';j ; >\ ,;v//'/laT:Tkr,EGaArn—pbess. association.!'';'.// Yi¥-&'.~-''.^r"Jr.r i - /:'; Duncdini:May';2o;f/ '■/.Stock' 1 Exchange', sales:—"\Yaihi Grand: Juncition,"£2:ss('.9d.,:£2";;4s. '9d.;.Waihi.Extended, f 6s.Vlsd.'..(four'parcelß): .'.Sales reported:-rEi6e :arid ;Shine/ £1 lis. ";9d,. (three, parcels). •([.':-. ; /;// r : Jffl{;^HEAT/.GAMBLE!; ; % :■: -Ki' (DI, 'ASSOCIA'rioJI-COPTEIOHT.V :: 'fir :: MS'f-^i,Uy ; :~ ■ •■. Now; York; May 19;, / O.wjrig/ to 'Messrs. Osdciv and '.'Armour- purchasing, a {-.million of: May wheat- at Chicago', .'at 1 •:del./30 cents,/Jfr'J,:Patt©h, who {Speculated' heavily: in wheat/a' 'fbw. weeks' ago, immediately■ Vnhlo'aded-'.two'■ million/ bushels;'-: ■:■

•.] VISIBLE SUPPLY.; ■".:'■:. i : / : ':^- : \ v :(Rec. r May-.20,,;5 ..p.m.);. '■'■>■',', ',!> i ro" ;i ; 20.v ,: : :The .'American-visible '.supply: of ■'■ wheat is ■M l 7«,MQ,.boshels.;;;;;v;.'■.-■:■;■.• ';^,.{:;-' ;i ;;;^:' PRICES. % —;'■-, 'y\.\ : -'fr : :'r\:;/.'':). '-.;•. ''■[ :;.'. London'/' May 19.' "Australian."wheat cargocs.haTeibeen sold, at : 13sVj7id^:aiid^41s.-'per v iiuafter." ■.'■.";.'■.•: / v :'-, ... (by TEtEGKiya—rsEss; association—copiiught.) ■'. \ -S.'" : '-'4V<- : ■'',-' :'•';■-'■''■ • -■•' Lbr/don,May. 19. : •" At'the tallow auctions 1567. 'casks were: offered and .1000 sold. -Prices wore unchanged. •',. >\ v-;'M'^se '■;metal-,market". ; '■"'•■■■" ;■'■( lni ritrcßirn—l'kesb association—coPtniaiiT.) '■'■ S ; ;':' ; 'v : ;■-. >■ ',', .;.'.;"-.■: London, May. 19. : ■ : . .Copper, . on'' the spot,' JES9 V Is. 3d. . per ■ tori; three.-months,' .£59.155.; electrolytic,--'.£6o ss. -'•. ',' ..Tin.—Spot, 1 .£131 ss. per ton; •'. three months, £IS2-&■■■■■■ •:i!'ij-:-:vi'.-.r ■■;.•• •■'..'.'■.■'•;' -.<;"■ :.■„.■■■' :>Lead;'-£l3 ,7s.■-■6d..'per-.t'on.-^. : -- ";.;:'.;^V^^ <;: ' ICEEN.COMPETITION AT HIGHEST ":?V' ; V ' RATES..;.;:•.y-; ; : -v'.■,;..'", (nX'TStßaniPli—rßESs AssodivrioN— corrnianT.) ■ '■■ ■.; ' ' (Eec. ilay.'SO, ,5p.m.) ••. : .:■':•'■ • ;: ;v"V '"''■'• ''•''■ ■'''",' "■■■' London, May 2u.'. : .At the wool sales there was keen competition at :th© highest rates of the'scries. ,V.'- ■ 'Messrs.. Levin 'and Co., "Ltd., have received tho following prices from their London agents ■ being the' average-price of the fleece w.ool:— G.- M: Burnside, Masterton, 8 11-163. per lb • ?rl'i, :P; S, nde ?'*t il ! Fcathcrston.'Sid!; H.S.M.,' I'eatherston, Is.; C. and J.W. Paraparaumu,' 8 7-lGd.i ,H. Bros., Bentwater, Mns-tßrton^ll-a-ied.; P.B. (in diamond), Carterton, lfld.; Burton Fields, Tenia, lOjd.jNgapopatu Tcnui, 10d.;, Marahau, :Wanranui, 7 11-ied • J.J.8., 'Wangairui,'. i 9Jd.; L:J.M„ Puketoi, Pahi-,-fttua, ;Bid.; .M.8., >T. under,: Pahiatua, 85d : Glenmorvenl Huntorvillc, 9d.; Karamu, Hun'terville, 1 IOJd.; Mapu, Martori, . &Jd.; Erinn .Marlborough, Is., Old,; T.J.8., .Nelson, 9d '; P.R.E., -T. under, (in diamond), : Maneahao : 8.5/lCd.(;Waibtapia, Bulls, B|d. V. " ' \Tho/Netf' T Zealand. .Loan .':a'nd : Mercantile Agency ;Uo., Ltd., have received cabled intimation from, their London house of tho sale of the "VVnihau" clip, the property of Mr. W M. H. .IFRae-Peacock, of Patoka,' Hawke'sßay Tho crossbred, greasy A: realiscd.ls., and tho' crossbred, greasy ..lambs lOM.por. lb.