COMMERCIAL.

Dominion, Volume 2, Issue 542, 24 June 1909, Page 10

COMMERCIAL.

, THE SHAKE 'MARKET. : ' ;. A 6alo of Bank of New Zealand shares at J!9 v' .ls. 6d. was roported yesterday. There were comparatively few quotations, and prices were •. • unchanged. l Banks, buyers .£5 6s. 9d.; •sellors JCS 7b. 3d.'; South British Insur- . • anco, buyers JC2 : 9s. 6d., sellers £2 Us. i' Stany dard Insurance, buyers ;;01 2s. 6d.; Wellington Investment, buyers lis. 6d.;' .Wellington Trust and, loan,, buyers ,£7 -Is.; National Mortgage, pollers rJSHi- New Zealand and Eiver Plate, ■ v buyore ill '14s. -6d.; Christchurch Gas, buyers JJ9 2s. 6d. ; 'i'eilding Gas, buyers iCI; Napier Gas, ! -sellers JE2-1; Wellington Gas, new issue, buyers '-C 1 12.i. 6d? premium; Christchurch Meat, buyers at., .. .£lO 10s.; Gear Meat,: ,6-1 paid;' buyers. .£10 ; ,45. - - 3(1.; J!1 paid, buyers.i£2 12s.'; Meat Export,'iCj ;" r . . 12s. Gd. paid, sellers, wE3 ils.; : Union . Steam,; buyers i£l "145.; Westport Coal, buyers XG 45., sellers Bs.; Taupiri -Coal, buyers XI; Wel- ■/• lington Woollen, 6ellerß. i 3. os., 6d.; New Zea- . ' Portland .Ceirient; buyers . JE2; Sharland's . .. ordinary and preference, buyers 19s. Gd. THE MINING MABKET. - * At the morning call 'sales- of Maoriland -at .' lOd. wero iimdo on 'Change, and .'in: the after- : 'noon.a transaction in Waihi Extended at ;Gs.. 9d. was made/on' 'Change. The sales reported • ,were:-rWaihi Grand Junction, £2 4s; 6d.j Waihi, X 9 2s. Gd.; Waihi Consolidated, 4s. • lOja. rSaio.n: 2s. sd. ; New Alpine (95., 3d. paid), ■ Ss.:4d.; and Consolidated Goldfields; ■'17s. Bd. and-18s. The quotations with:the last'recorded 2 were'as v ' : y 1 J,7:' : Buyers.!. Sellers. ■'.' Sales. ■.' . .: :| — : ; .■ '■■■ ■£■ s; d. -'JC'S.'.d. £s. d. , : Waihi G'd Junction 2■ 5 9 2 6 G 2 4 G ■Waihi, 9'2 0. — 92. 6 J Waihi Consolidated 0 4 G 0 4 7 ,0 4 10} Watchman , - — 0 2 1 — v, Waihi Extended ... 0 G 8 - 0 6-11 0 6 9 N.Z.> Crown ... 0 5 9 0 G 1 — .- . May Queen ............ 0 3 0 Saxon 0 2,4 0/ 2 5 0 2 5 Talisman .'........;...... 2119. 212 3 — Tairua Broken Hills 0 110 — Maoriland 0 010 0 1 0 0 010 New -Albino (10s. '. ! P. .'• " paid) .a 0 8 G 0 9 0' — .• New Alpine, (93. 3d. 7 •' paid) .'.... 08 3 — 08 4' Con. Goldfields ...... 017 G < ■ 018 0 ■ ■ -Blackwater.-* 17 0 — ' .— charge§ v for bank SERVICES. ' ; Tii6 .banks' in* -Sydney;:have com'e.to'an.ar-: v .Tang:€ment wHor4b^',the ; , cHargW.for : ; • services that;tbey;nave : been .accustomed to ren-, de r to: cu st omeres Jij a} I .-be' on a/unifornT'chhr-l! • v;: : acterj-."and on^.the'foU^wingbasis'.J - - Transmission !: of' deeds ' for r inspection or execution ,£0 10 6 i - . If 'or. transactions * largo : 110 ' o .(Indemnification; - bo' taken.) • 0:7 of deeds, against' payment of V ; ; ;:. ;money, I and forwarding' of. ■ money: to - ; ""r '* ; _bo paid'.over'/on execution or delivery • > '1P" cent!. (InclusiTe^ exchange),' mffi-. • : V : ? har g«' ; io ; li-doouments; numerous-or ■ transactions r , v large, minimum charge ;.v. ' 1',.l 0 . Eairows— ' : For. short-dated to (12 months or- V : ' i under) ) 1 j ■ l-'or long-dated (over 12 months)::.!;!; 2 "2 1 0 s - i . Mining .escrows subject to special ar- '-• ' • rangement, but charges to bo- not : .les9 tha'n above. L-t. "''arantoas for bills of lading—.' ts ' V. of .'^6100; and ovet ;av..;.V 0 10 .6 On _amounts under J!100 \ . o 5 0 ' S:-,-'V"w®'J® r (to .the Railways; Customs,' „ Harbour 'Trust, ..etc.), ss. per. cent, in each -half- . year. on the amount:, of , each': guarantee, , the . p- ....minimum half-yearly' charge on each-guarantee'! to bo 55., and tho in,'ixinium I ' •- — Victorian banks havo long had a much v: ~ :.®or® pretentious -list i of ifcharges - than ,' that given above. :-

NOBEL-DYNAMITE TRUST Notwithstanding that' tho trado in blasting ?*plpsjves::nas v been:,unsatisfactory ;jn: several - important markets ancl that the.tfiminution in .- the- demand for. war material has been more prpnouncea:than,Gyerduriiiff : tho Dast.vearvihft ■• of ' l t^ o r r ? obel "^° a^i^' Trust have r r v.s -v &? ; ? ir -ty .\ 7e^.* ' Tho :revonue derived by the investmentswas .£223 •' : 100, V as against .£232,100,\ this being the'lowest figwe-sinoeU9(W4.;>Thahfa,,:howOTer,.,to -/ ;^^i =' ea^ ,ngs J e V!e^ ari^l <'. o «lhighef; ; net " PK ofit i om , es out slightly better'tTian'last'time; against' ( u ni a ! preferenco capital'now rank-' . . ;i-i« M -first time, .the total-preference - !„ im7V abso u 3 20 ?'" .than: t that'after- paying the usual'-10-pe'r ; ; s ® 6n^ fMvtho • ordinary shares only:^Es6oo,'re--5.-'muds, to go, forwards as Compared with :-. :; ;?:,;^'P ro ?5 ht iin'?- Triist's hold-' .- i. - I WS in-subsidiary, concemsjhave increased'from ' t^":^i2,569,000,V-'aria-■ loiiuis'- to' sucb uniToTOOOO 3 . av ° - from .£1,212,000 to ' ' THE IMPORT MARKETS. '; : y •^^Vwiittt^;^r.«i^tf<a' ; f^'jow;-oKoi^- ;; -in-past ye'ar's!' ( hand-.'-to -. liiouth, M.wmcn; i3,',;for;ithem,;;a:>yery,.safe;course.' : ,: En- -. '. •••gagements aro being-:well.;met;. and-thero are -,: i v v ' v «y.:» rcaUyJ' r sjck">b'usinesses. . Prices ' are Withou^vanatioii-.on,- tlie,.week, .although from t? 0 prpducing.,centres,bverseas:there are reports R,;?or.some advances.'. - Arrowroot is still scarco 'and .diSc'uit to pro-

■ W^n aQary y ' to-V\th^;London ' ' it?i -°i May '» 1 r * -Marcuse reports r 1111 !- £Mary ; 'seed hasjadvahced in Liv-i;'-'.'i;t/:V--.S?!P 0 ' <4641b. L '',N6; : importation;' of - ; . Kiver canarysced-is possible by rcason of irv?-; v:P n £f 3 , m^Argentinav beihg'imuoh' : .higher than ■AfAfcV HI JSnglattd; 'iProspeots in 1 Turkey-are not at all :;V&:.. .encouraging; sowings have been carried out un- . . der most adverse influences, and a severe is threatening the young plant with' : v . tota | destruction... In ',theso .circumstances f the' -v ."; f a^ et ; Jl a3;oo?hnued:;yery: , with prices: 'in>4-.-r{®d»ng,. against . buyers, if; supplies cannot' : : . . v::' bo. atcracted -from the River -Plato ats current , pnees, Englrnd will bo compelled to raise hm-" -'.r.''7 r ► -winch-.would-mean a general augmentation l in values. i Candles aro : selling' freely, as may bo ex- ' ; v . •. pficted at thjSitime of the year." There are full- - candles; Wew Zealand Candle Company's quotations, . i issued December rl9, - are:—'Premier's - stearihe . and.five medal, s>d.; British spcrni. Prcnch ' -"SP Bi ™»..yriTersar-was; Excelsior,paraffine, 6d.; Apollo;sperm-and Vonus paraffine,.6id.; Venus ■ coloured lluted',- 6Jd.; piano,- bedroom, and "car74d.; '. .r;;; .; loss;.tho. usu'al,.trado;discounts. •;.'Price's London- - g^ rm ' :^o2 '' j G^d.; Burma, 160z M Cornflour.—Steady business, passing.'.': R -and irti ■ ■ 5 5 d -'^:s!d.Johnson's,: 2id.; .Browns, 3d.;, Chicago, 2Jd 1 v i • Cocoa.—A steady':liond-to-mouth business' isJ j-a - .Van-Hputen'syl's;, 35., 2d, ; I's/ 38; ; Bdr;. ! id.', per, lb. ; Bensdorp's, l's; 2s.' lOd.;' i's, & 10f ' ' 3S ' llQ ' s ' ls' ls - Bahial Condensed milk -Highlander, 5s , Cowslip, :f ;-v V* 6(I */iSwiss Slilkmaiu, Gs.\6d. : to 6s lld. uer. . • . dozens ' - ' : •.V -' 1 .-P Canned Meats.—Sheep tongues, 10s. 6d. to lis." for 1s; ox tongues, -'2}'s,;3ls. to 345.; 3's, 345. to ■'?■,' JF* "ozchj Gear's,assorted, potted, 4s, Cd.: : ht. George's,- ss. . ... . .V. Canned Pish.'—Herrings -in ' tomato ' '-sauce," , --. -. I?' :'S- to : 7s; V Cd.; i's,- 4s. Gd. to 55.; , . : kippered herrings, l's, 7s. Gd. to 7s. . to ss.j fresh herrings,--l's, Gs to G 6d ; lobster, C and B. Jlb. tins, J4s ■ : -■'-•.'■^■■•s"^'■ to '•■^? s ■^. s^!ra lib/ tal'S, 83. 6d. fo ?s. r'lib,.: flats, . 95.. :to. 9s; Gd:'; Golden Link, Sockaye, lib. if/.; ..lib: - flats, lis//.Southern Cr'o~S3, r ; , • ilb.,^6s i .ud. • " he, choice grades of salmon : are practically .unprocurable from America at tho Cr:j -- Present tirne. HcrriDglets, in oil, Senator brand, : Bs. to Bs. : Gd.; in. tomito.: sauce, Bs. to ,8s; Gd..j ..._ > Skipper,: Jib. ■ tini; ss.' to ss. ?6d: f l's, 9s. 9d. to 10s.; "King' Edward,". l's, '4s. 9d. to 55.; 45,. _Bs. Gd;; (ling, Smethurst brand, . is ,>;making-55s to sGs.':per-cwt;-'. : ■ ' ' '. . Chemicals..—Cream ofr tartar, 95-per cent.,'9jd 1M. : ; 99, per cent., 9Jd. to 10d.; tartaric acid,-.-v.-as, 3d.;per lb.; soda; crystals,..£s IDs.;'bicarlxiiiV: 7 -; -- ■ ,ato' of soda f .10s.; calcium .'carbide; yeis to ";iilG; bluestcne, "whiting,-M 155... y Canned fruits.met with a steady demand, and , . the quotations aro unchanged at Bs, 6d. to 12s. Gd. . American quotations for canned, fruits for forward delivery are out, and-are on a lower . . basis .than last year. ' ;■? .■, '. , ;•> --' i; : ?ri?<l '..Pruits.-Currants, : finest ■. provincials, 2jd; to 3d., cleaned Amalias 3d., lib; cartons 3s. Gd. per dozen;'sultanas, selected 3>d./choice 4d„ golden 4jd. to 51d. per lb., lib. cartons 4s. -Gd. per dozen.. Dates, bulk, 2Jd. per lb.; car- •" tons,'. 3s. 6d; per dozen. ■ Pigs, 12o'z. • glove boxes, 3s. 3d. per dozen." Pigs, lib. layers," 4Jd. ;. 51b. ;; naturals,. sd. per lb. -. Seeded raisins are slightly ;v lower, fanoy lib.:-packets :4s.,.choice'3s.. 6d. per- ■ -dozen. - Muscatels, -Californian, s's boxes Gd., : - ■ ■ 105.5 d., 20s'8 4Jd. per lb,; Malaga, SJ's at lOd. - ■ per lb. .Evaporated Fruits.—'The' quotations are unV , changed, apples,' apricots," and: peaohes making from 7jd. to-Bd. per lb. ' - - ■ - :; Foodsr-Neave's, 9s. 9.1.; Allan and Hanbury's Nos. 1 and 2, 175.; Ni>. 3, 10s. 6d.; Bengers,l7s.; Eobinson's patent' groats and barley, 7s. 6d. - . Maizcna.—Duryea's, sjd. - - Knifo Polish.—Nixcy's, 4s. Cd.; Okoy's, ss. 3d. Mustatdi—Pair ..sales/ ;Colman's D.S.P, 4's -.ls.:sJd. to Is; Gd.-; J's,' Js. 3Jd.' :to' Is.' 4d-; Durham, 71b. tins, 7d.,t0 7-id.. Matches.—Plaids, 3s. 'Bd,' to : 3s.' ' 9d., a gross; oenny.slides,'. 85'..,9d. to B«.' : 6d.';.safeties, 'small

: 'foreign,•;3s.-to; ; 39. : Gd.'; Bryant and May's, small, as.''6a.; large, 7s. Gd. ; * % Nutmegs, 9d. to Is. per lb; 1 Poel,—Lemon; peel continues soarce, but supplies are expected to reach this port next month. Lemon poel, 7's, 5Jd.; . orange, s}d.'j citron, IOJd. per. ft. Pickles.—Morton's hexagon 10s. 6d., round 12s. 6d. por dozen; Captain White's,. 235. 6d.j Carton's H.P., J-pints, 12s. 6d.; pints, 225. 6a.; pur© pickles, 9s. 6d. to 10s. Resin.—A very considerable advanoe in resin has' taken ■ place in America, particularly int the lower grades. On this subject, "Bradstreets," ,in a recent issue wrote that for the first time in tho , history' of - naval • stores indus.try*the.produfetioriidf resin in the'TJnited States during 1908 exceeded turpentine in value. Since: 'the .introduction of improved methods'of dealing;with. the great American.yellow pino for-'; Vests,' tlie comparative value, of resin liaa ad-; vanced by leaps and bounds. - In 190G the value of turpentine exceeded that of resin production by more than 9,000,000 dollars, and in 1905 by nearly'6,soo,ooo.dollars. By 1907 the value of. tho output of . the secondary product advanced to the point where it was less than:.l,000,000: dollars under the value .of turpentine, and •last"year its value lumped to first place, where it Owas 3,500,000 . dollars over the value of the s turpentine production.. The following figuresgive ft good .idea.of the rise of the product in .value:"— ■ ' ' ' .Turpenlino. , Resin. . dollars. dollars. . : 1900 14,960,235 5,129.268 , 15,170.499 ' 8.725.610 > '■ 1907 : 18,283,309 ' '." 17,317,059 ' •• 1908 14,112,377 . 17,783,509 ■ Bssjn : finds increasing use in many industries. Theleanest.grades)rwhich are valued according to their degree of clearness,' aro used in the; manufacture of soaps/ fine varnish, and for spins''in the manufacture,,of paper. The medium qualities are - mostly consumed.in mak-f ing: yellow soap, as a flux for .solder, as a! constituent of sealing was,; .with tallow for common candles, ,and m pharmacy. The'lowest qualities of resin are used for pitch in ship and boat building, ; for.brewer's'pitch in sealing tho heads and staves of barrels whioh. hold liquids, I . . . Jne distillation of resin oil, which > enters, .into tho-.manufacture: of. lubricating materials. • 1 , . • Rice—No. 1, 15s. Gd.; No. 2, Us. 6d cwt-,..jSalt.--Fine, ,71b, bags, ss. 6d. to-6s. 6d. per ■ 45.; coarse, in cwt. bags, '3s. to 3s. 6d. per cwt. ... . Sauces.—L.. and, P., 1-pints, 145.; to ' 14s.' 6d. ; 'P"2ssj;6d.r Holbrook's," J-pints, 7s. 6d.; pints,: 10s.. (Jd. .to 10s. 9(1.; garton's, $- pints, 7s. Gd.;. pints, 10s. to. lOs. 6d.j Eagle brand (N.Z.), J-pints, 2s.'9d. to 35.; pints, ss. Gd. to'Gs. " " , ■, Starch.—Colinan's, lib. boxes, 5Jd. to 53d.: 51b/Vpackets,: 5d.-' to sJd.';. New • Zealand, lib,' boxes,* 38s/ to-395. per owt.; 51b. 1 packets,'37s. to 38s._por.gwt. .. ... -• Stovo.Pohsh.-Nixey's, 2s. 6d.; Refckitfs, 3s. per dozen. ~_v ' . . ;. • , • Sugar.—The' market is steady, with a good demand. 1A and No. 1, 58's, .£l6 155.; No. 2 <£16 ss.;rNo,-,3,- -,£ls ss. per ton.' ' .Tea-According ,to 'statistics furnisbed byMessrs. Tarrant and Co., of Colombo, the skinraents.. of, Ceylon, tea to New Zealand during SortoSV f ° M 'months.-of ' the year totalled 1,398,2481b.,v,as .-.again5t,'■1,255,1971b.. in tho corresponding' months 'of. 1908. : The totals shibped « ® sla: during the' same periods were 7,2(8,0621b.'_ and' :7,128,5231b. Thus if will be seen,'that. New Zealand- received a little rabre than one-sixth of;-the'total. .*v - Ked'Hock,-quarts,':Bs. fid.Y Champion,, quarts;-9s; fid.; Bed Seal,' quarts, 4s-£;Midland. concentrated, Boz. .bottles, lis. 6d. pefldiz. ;■ concentrated,: sgal.: casks; 9s. ■ Gd. per' fon ' PUre ma 28 ° sl ' casks '- 2s - 9d - Per galPAPAROA COAL MINING COMPANY, v . . .ANNUAL MEETING. : 'The' (third. , annual.' meeting 'of shareholders :of the Goal Mining Company,' Ltd., was held m the Chamber of Commerce Hall, ; Wellington, at'nopilyfrsterday.. About 20 share- ; holders attended,;aijd Mr. J;,P. Maxwell (ehair,mnn . of, directors) -The;-Chairman,;ln moving the adoption of the directors report'and;baliuice-sheet (which' : have . been published),"' remarked that shareholders had..been,,frequently advised durinf the as to thoVnature'and progress of the ..works 'being undertaken,', andras tov the character :pf the coal, and 'the ef. the mine. Coal, analyses had been submitted to "tho shareholders,' and the latest reports on tho character and extent'; of the coal, confirmed * the itovps;. expressed ..on;.previous .occasions. '. The seams were of great thickness, and of'uniformly ;fine.-.:qu'ality, and "remarkably frco from any impurities, stone, or;.,clay. Some-very absnrtl rumours had been':circiilated to the contrary, and he. desired to dispel any: doubts as to the Isuperior qualities of the coal. ' It remained only for tby pompfiny to'get its coal oh the market, .and when that was -done there, could bo little doubt; that its meritsjvould be fully appreciated :by ,the,'u6ers.: :Th'e : .corapahy,:were.r«ady to put •.down'coal,-and;.would .comnionce to ao-so..as. 1 ,soon .'as,, tho Government railway was able to carry. ! it.-During 'the year they had "parted .with.their interim secretary, Mr. J. M. Butt; who : had . been " replaced by the .permanent manager, Mr. Townsend.. The/company desired jta t ;,'a'cKuowledge, the efficient, .service . rendered ■ to.',the-company-by..Mr.: Butt during his term of office. • ,■' . ,

; Mr. J: R. Blair "seconded the motion, which was carried.

The retiring directors,,-Messrs. John 1 Duncan and H. P. Nees.'were re-elected, and the "reappointment ,of ■ Messrs.': Watkins, Hull, and . Wheeler, as auditors, at a; fee of fifteen ; guineas, ivaa agreed upon, .' : 'Custom's,; revenue collected ,at Wellington ;yes. terday'ainounted.ito .£1420 4s. sd. STOCK SALES. . Mossrs. Dalgety and ConipanV, Limited, report on their Otaki salo as follows:—There was a good yarding of both-sheep'aqd cattlo,: which met with .good-competition, ai)d sold- at full , markets-; rates \- ; as .'.follow Pa- and'.; forward wetKers,.';l2s'' 5d. r - to '13s. ;2d.; ■ medium - ewes ■ In lambi'-'-lOs. 6d.;£gdod lambs, ~;Bs.\ to 95.; cull lambs, 3s. Gd.;.ilat!-heifers,'4s. 4d. to: 4s. 10d.; fonVard>cowsi.ri!2 2s. .to.-jis 17s. 6d.; 18-months heifers, >£1 ' Bs.*; bulls,. £1 ;125., 6d. /.to, j!2 ss. ' ...Messrs. Dalgety and Company,. Limited, -reportion their Levin fat stock sale as follows:—' iShoep: sold readily, but cattle were dull. Sale 'priced-weft .'as follow:—Fat wethers,; 145. ; 4d. to 14s.- 6d.-; flit ewes, 12s. 3d., 125..Gd.; 135.. 2d., to'-135.3d.;:-lighl£.evrcs,' '12s. 9d. to-/ lis.; fat iambs, 10s. 4d. Cows made to i!G 2s. Gd. , -Messrs../ Abraham, and Williams, Ltd., report on: theirWastertoif stock sale, held . yesterday, ,as 'followsr-rStoek rcame' forward up to 'advertised .numbers;:; find ; We have'-, to feport a' rocxessful sale, all. lots of sheep'being..disposed of, and/all-the cattle,-with the exception of a -few odd lots.We quote :-7-Sheep—Wethers, 10s. : 9d. ."to. lis. 'Bd.; ewes, in lamb (best); 11a. 6d.; others, 75.; lambs, ss. 9d.j'7s.v2d.yßs. 6d., ,Bs.', 8(1.. .to 9s/i sd. Cattle—2J-year steers, £3 13s. to:2-year -steers, '<62 to' £2.155, ; fat heifers, - £3135. Gd.; springing heifers, dE3 ;125.; six ,empty .heifers, £'i 175.; empty cows, '£1,175. • to;«ea 10s.; weaners, 245. to 30s. The weekly stock sales were held at Pahi;atua'..on/rues'dayy Messrs. Abraham ''and Williaiias, Ltd.; 'and.Messrs.. Dalgety and Co., Ltd., being the selling' finns. There* was only a< j moderate. yarding of sheep, for which there was j .little /com petition; under auction, most of the !;llMs ; after 1 the' sale. The yarding ot'/.cattle ; was,;- good,. and all' lines vitro keenly competed for. The prices and 4-tooth wethers, lis. to lis. ,6d.; sound : monthed ewes, „m-lamb/lls<;to lis; Gd.; full-mouthed ewes, in-4anib,«7s.-:yd.; empty.ewes, 7s. 'Cattle—Threeyear steers, -75.; 2-yearsteers, 18s. Gd. TM-iS- steers,' £2 2s. Gd. to m'-io,'' ;I ? s 'H cows and heifers, ■£Z iV ' for ; Vard «"». and' heifers, -.X 2..105, tt £2 195.; , store cows,; 31s: to '41k - '6prniging I9s.j springing heifers, ~E3 u(S.-UU.I-. , ■ :. (By Telegraph.—Press Asspciatlon.) ' u u r i " i Christchurch, Juno 23. - At Aldington yards, there was a good Warding .of stock, but the attendance was not so large as usual on. account of .a change in the. weather. Pat oattle were dull of sale, with no change' m.prices. Storo 'sheep; sold up to last „S' TatM, as did iat_ lambs. Pigs sold irregularly. Wi ar £- n SI of storo s | lec P was. » sma" one, and as chiefly composed of . hoggets, including t ? if a "'f^-nuarterbreds,, which : foiled - to reaoh tho vendor's reserve. Jho average lines of hoggets, which wero mostly wethers, made-9s. to 10s., and small halfbreds .Bs. 6d. to 9s. ;ld. Forward wethers were in good demand at late rates. Very forward ;three-quartorbred wethers sold' at 12s. lid and halfbreds of the sarao draft 12s. A few ; l°j*• of ewes sold/at usual rates. -ienn ? ntr f. of, : f ? 1 t lambs.totalled 4GOG, or about IbOO more than tho previous week. There was good:'competition for export, and late rates were firmly maintained. Tegs sold at 14s. 3d to-15s. 7d.f average .freezing weights, 12s. Gd. and light and unfinished, lis, to 12s Ihore wu.-' an entry of 310 head of fat cattle, which was much below last week's total. The .quality was. good, there being a considerable proportion' of large steers." The sale was' dull but . prices were about on a levol with those of last week. Steers , made <G6'Ss.-to-'<S9 12s? -Gd.;,heifers, i£s: t0£7,175. Gd,; and cows,'£4 ■to M 17s. r Gd:,; equal to 20s. to 225. for "primo, ,18s! Gd.'to'l9s. 6d: for, medium, and 17s. to 18s! for.cow.'and inferior, per 1001b. .., i There was again a large entry of fat sheep, including lines of freezing wethers. The foot that wero sold undor guarantee of being

free from lamb, and that there was not such a large'proportion in the entry, caused a rise of Is. per head, which was maintained throughone the 6<ilo. Tho improvement mutton market at Homo induced keener competition among some.of tho export buyers for wethers, and these also advanced Is. per head on last week's rates. The range of prices was: Prime wethers, 15s. to 17s.- 4(1.; lighter,' 13s. to lis. 9d.;; prime owes, 12s. to 145.\6d.; extra, to 155.; medium, 9s. 6d., to lis.-.Gd.; and 'aged, slight, 7s. to .9s. . The yarding of • pigs wns a small ,one, and salo was irregular.. Choppers sold up 'to .£5, and heavy baconers 50s. to 555., and lighter 455. to 4Ss. (equal to 4Jd. to 4Jd. per lb.). Porkers sold_wcH'-at tho opening of the sale, : but; afterwards prices fell ss. to Gs. per head,, and tho value per lb. to 5Sd. Large: sorts made 40s. to iCs., and .lighter 325. to 38s. 'Medium .stores' . sold at 28s. to Sis.; smaller, 18s. to. 235.-; and weaners, 12s. Gd. to 10s. Gd. No largo stores were offered., ■ . . . ..... Dunodin, June 23. At Burnside sales 1522 sheep were yarded, the bulk of the yarding consisting of ewes. A very few fine .wethers were' forward, but. a" good number of. medium weights. Wethers all. round showed an increase of from .Is;; to Is. Gd; on last week's prices. Quotations:'. Best wethers,- lGs. to 17s. 3d.; medium,'l4s. to 15s. Gd.; light, 9s. to lis. Gd.; b£si ewes, 12s. to 13s. 9d.; extra quality, 155.; medium-.! to good, 9s. to 10s. _ Lambs: 1300 forward. Prices were much the same.os last-week. Quotations: Best lambs, 13s. to 14s. Gd.; medium, 9s. to lis.;-inferior, ' 7s. 6d.. to Bs. 9(1. , " ' , Cattle: . 258 wero yarded—a largo '.'jTiiding, the quality being only medium. Prices for prime bullocks were eqnal to last week's. Hedium weights were easier. Quotations: Best bullocks, i£lo, to .JB11;-extra quality, to .£l2 55.-; medium, ,£8 10s. to .£9 55.; inferior, 155." to £7 10s.; best cows and heifers, J!G 10s. Ip ■£7.los.;.extra, .£B;.mcdium, <£5 10s. to .£6; inferior;-£.l ss. to J25.; Pigs: About 90 penned.. l Suckers, 10s. 6d. to 13s. slips, 14s.' Gd. to 18s. 6d.;. stores, 225. Gd.. to 275. Gd.; porkers, 355. to 395.; light baconers, 435. to 505.; heavy, 555. to Gls. ' ... . GRAIN AND RODUCE MARKETS. (By Telegraph'.—Press Association.) • Dunedin, June 23. Oats: Owing to little shipping being done, last week lias been a very quiet one in the oats market. Tho.demand' for both A and. B grade has fallen off, while medium and discoloured aro hard to place. Prime, milling gartons, Is. Gid. to ,Is. 7{d.; Sparrowbills, Is.' G(l. to Is. GJd.; good to best,vfine, ls.--.4Jd. to'ls, 5U1.; inferior to medium, Is. 2d. to ,"ls. 4d. . -■Wheat: Tor all prime milling fit for shipment there is gbod demand, but any lines not prime havenotth-samoinquiry. Fowl is in full sin , -'~ and lower prices have to be, accepted. Prime milling, 4s. Id. to 4s. 2d.; medium'to good, 3s. lid. to 45.; best whole fowl wheat, 3s. Bd. to 3s. 9d.; medium, 3s/4d. to 3s. 7d.; broken and'damaged, 2s. 9d to 39.-3d. ; Chaff: Large supplies of jprime oaten sheaf are coming forward, and found ready, sale at .£2 12s. 6d to-J!2 15s.;,medium to good is hard of sale, £2 to £t 7s. Gd.; inferior is neglected, 30s. to 375. Gd. ... Potatoes i' Any.good line''free from;.blight are readily saleable: 'There is.fair inquiry. .for seed lines. Tip-to-Dates, .£3 10s.' to .£3 ;155.; medium to good; JE3 to 7s.i 6d.; inferior, JO2 55. : to £2 15s.- ' ,

IMPORTANT . UNRESERVED SALE-OF' '• ■ ■' PtJKEBKED AYESIIIRE CATTLE. , , Messrs. Dalgety .< and. :Co.;-. Ltd., Palmerston p' North, wish to draw the special attention of . visitors and all : others interested-in dairying . to tho auction sale, of purebred, Ayrshires, which they , are holding on Saturday next, June 26, on account of Mr. E. C. Bensemann, of Taonui, near Feilding. This herd wa9 origi- : nated Jiy the purohase. of 20 . heifers: and : one bull from that well-known Ayrshire breeder, s Mr. S., W. Luxford, of Awapuni. .'.Mr. Bensei mann has, during the last seven years, devited , the whole of his most careful attention, to this - breed'of cattle, and no expense"has been spared - in introducing I some of the . best blood in New ■ Zealand into the herd, which at present ranks f ;as.ono of tho best, in the Dominion. Expert i dairymen are, it is stated, 1 strong ,in' the opin- - ion that the Ayrshires.'aro-most,-suitable.. for 5 oheesemaking purposes/ and they i are -without 1 i doubt adapted formiiking bymachinery. 1 Mr. ■ Bensemann's sole reason for'selling is oiling . .to tho. expiration, of his lease, and as the .whole ■ is, to;bo!'sold absolutely without reserve, this ■ opportunity should . strongly recommend-itself s to all those in search or high-class ca'ttle. > Note hour and. date; of sale, 11.30 o'clock. 1 Drags leave' auctioneers' offico at' •0. o'clock : Saturday"next, June 26. ;. ;. WHEAT MARKET. . (By . Telegraph.—Press Association-Copyright.) (Rec. June 23, 11.10 p.m.) '• . , Juno' 23. , ; Australian wheatcargoes sold at d4s.' and 4-13. 6d. '■ . i' ; ' PRICES OF METALS. (By Telegraph.—Presß Association.—Copyright.) (Kec. Juno 23, 11.10 p.m.) : ' V r, ~ ' • London, Juno 23.Copper.—On the spot, .£SB 3s. 9d.; three months, "^£s9* 19. 3d., electrolytic, -.£6O Is. 6d per ton. , i- t .. i ■ ,~^ n " 'ho spot, -£133; three month's. ,£l3l ,10s. per t0n.,.., . . ' .'.Lead, .£l3 Is. 3d.'per km.- ■ ■ - '-. •,NATIONAL BANK.OF NEW ZEALAND. , (By Telegraph.—Press Association.—Copyright.) ' ;. : V (Rec. June 23, 10.25 p.m.) -.' ■" mV ; ■ London, June 23. ' : Tho annual report of tho National Bank of -in shoWß , a profit of .£101,785. A dividend of 10 per cent, is declared and a bonus of 3 per. cent. .The following payments were recommended Premises. ' account, 000 • bonus'to staff, ,£5000; .reserve, .£2500; officers' pensions, ,£3000; carried; forward, <£30,035. ■ SILVER. ;." 1 : (By Telegraph.—Press 'Association.—Copyright.) 75 London, June 22. standard ° r " * 21 ■•■■V .v : .'v. . -BANK. SHARES AND DEBENTURES. (By Telegraph.—Press Association.—Copyright.) m. .... . ~ London, June 22. The following are the latest quotations':— „ . : buyers. Sellers.' , s. d. J! s. d. AusWaaa.. ; 107 10,0' 108 10 0 New South Wales ... . d-1 10- 0 45 10 0 63 ,0 0 64.10 0 . National v - 5 7 (j 5 i 2 6 New Zealand 10 0 0 . .10 10 " 0 ' Australian and New Zealand Mortgage Company s debentures are; quoted at ,£9B, : . - EXCHANGE OF' BANK NOTES../ (By Telegraph.—Press "Association.-flopyright.) . - , : Melbourne, Juno - 23'. The banks-trading, m Victoria intend to follow- the ;lead of New- South Wales in the adoption .of .the system.of.-exchanging ono 'an- : others .'notes, whether issued in- Australia or : New Zealand, Up to a reasonable amount, free of charge to tho person' presenting them;" i