COMMERCIAL.

Dominion, Volume 2, Issue 560, 15 July 1909, Page 8

COMMERCIAL.

'■ .■;:;; -THE SHARE MARKET. /Investment shares wore again neglected yesterday, and no liusiness was done. The quotations wero unohanged. Bank of Now Zealand, buyers', .£9 2s. 6d.; National Bank, buyers £& 'lis.; Bank-..0f New :South:'Wales,, buyers "jtM7-ss.;< National- Insurance, buyers £1 Bs. 3d.; Standard Insuranco, buyers ; .i:i 35.; Wellington I Trust' arid' Loan,' buyers .EG 175.,-sellers 18s.; National Mortgage, sellers Meat Exiiort (third issue),'sellers iS Is.;.Taupiri Coal,,buyers £1 (is. 6d.V. sellers '.Mils.-, Westport-Stdckton, sel6s. 6d:; Wellington : Woollen, ■ buyers £2 19s. 6d., sellers .£i OsV-Od.; >Leyland,q Brien Timber, 'sailers ■ M ' 2s; 3d.; New Zealand Portland Cement, buyers- .£2 '25.; Wei ins: on. Opera Souse, 17s. 6d.;Taranaki PetroW, buyers ■6s.S-'Shttrlarid'9 ; (ordmary),--buyers Is. 3d., •sellers £1 25.; (preference), buyers £1 Is. 6d.V sellers .M, 25.; Cd. ; r ;■' .; \ . '■■ /THE MINING "MARKET/. '; ■.- Excellent business 'was, done,yestorday, p the. Thames' group' coming.in for special attention owing to the Government subsidy for the deep levels' having been "accepted;.- At the morning' call-flisale of,. Talismans :at; ■£% 15s. 'was.made on 'Change,.as was also a sale of May Queen at "to. lOd. The reported "sales were: May Queen,"4s.!6d„ 45.-Bof., 4s.,. 9d..:;Talisman, i.2 tangi.ls. sd;,ls-. 6d.; Mountain Is. ; 9d.; Dominion'ffk'mes),' 15:,.15.; and Hartley, and '3s. lid. At: the afternoon 'ca 11 the donian, 2s. id.; and Saxon,'3s.. 5d.; and the reported '■ sale's .were: Consolidated ■ Goldfields, 18s: :9d.; Karangahake, ls..':2Jd.; Talisman, 'Us '9d.;'Waihi Extended,-,65.:6d.; Dixon Cpn-. 'solidated,-. Is. ",2d." The:"quotations, : .with the slaat-recorded'-:sales,:,were as. : .under:-r .",.;. ■

'wool STATISTICS.".' The wool year closed on.'June 30, ing to the statistics compiled by,' Messrs. Dalgety and Company, Limited, tho exports from Australasia during the past year exceeded that of the previous year by 230,273 bales. Tht shipments from each State for tho two years compare as under s— ~ j , , 1908-9. 1907-8. Bales. Bales. Victoria i 451,942 . 462,815 New South Wales... 915,617 • 777,748 Queensland ... 384,207 144,610 S Australia ... 165,513 . 163,892 W. Australia ... 50,785 50,745 Tasmania ..." ... 19,233 , 21,050 ,Kew Zealand' ... 491,757 436,941 2,258,104 2,057,831 Of the increase New Zealand is responsible' foi 54.516 bales, and Australia for 175,457 bales Victoria and Tasmania *re the only State' which show d«creaset, while New South Wale, shows the hearwst 'gain-with 137,669 bales. - BANK CHARGES. According to the Melbourne "Argus" thf banks in the Victorian capital ha\e undei their consideration tho question ef imposing a charge of a penny on each money-order ant postal-note collected by them .for their cus tomers. Already such a charge is made n Sydney, and it is the example set there tha is being followed.' Tho banks find that largi batches of postal-notes and money-orders ar< paid in by customers to be credited to thei' accounts. ' A great deal of time is taken u) daily' by bank clerks in sorting out these or ders for presentation to and collection at thi General Post Office. The banks aro desirou that their customers shall pfcrform this dut; themselves. Hence the charge. No publii notification is apparently being made of th< impending charge until tha Postal Departmen *has had time to prepare for the extra busi ness that will have, to be done by.it shouli customers prefer "to cash 'their 'own postal notes and money-orders. The commercial com mnnity in' Sydney displayed strong oppositioi to tho charge, bat, as the banks were united they had to accept'the inevitable. The bank prefer that customers shall collect money fron tho post office themselves. THE MONET MARKET.;-' In the current "Now ' Zealand Trado Ite view 1 ' appearl thi following remarks on th money market: — ' ' ' "In our last issue wa gavo expression to a anticipation that tho,banking returns for th Juno quarter would show a further improvi ' "ment to tho extcnt'of about two millions, an we do not,see any reason to doubt the 6ounc ness bf this forecast. In another column w give, some particulars of the values of the p? ports of the Dominion for.the nuartor whic closed on the 30th ultimo, and 6how, tha with a moderate decrease in imports, there wi •prove to ,have been an excess of exports ove imports.of fully two ..millions. It may eve provo to x be mor,e than that. Tho excess of ei ports in the March quarter was fully three mi lions, from which the bank returns benefite by somo two millions. ' Wo aro, thorefon warranted in anticipating further improvi mont in the returns which will bo foithcomm m' a, few. days. - An easier tone is aliead 'noticeablo all round, bu,t thero is still_ som leeway to bo made up. It must bo remembere • also, that the March and June quarters ai tho 'fat' quarters of New Zealand finance, an < the 'lean' quarters, tho third and fouith qua tors of tho year, have to bo met. In the Se] tember and December .quarters of 1908 the in 1 ports exceeded tho expoits by two millions an ono million respectively, and if this expeiiem were repeated in the current year it would moa a serious set-back' in the position. Theie ! every reason, however, to hope that bettor r suits,will 'bo achieved this year. A larg< volume of exports may be anticipated than i '. 1908, and it is practically ceitam that tl volume of imports will be considerably lighte ' However, if tor that six, months wo can ju keep an even balance, we shall have dono wel I After than wo> may look for another mo l , ; . ■'•■■■!:- : :\ :^.:\>'.y ; \/;V ''■. 'is '.: : : . '■ Merchants -'find ..basiness;on .the .dull; sid •■ ..but'-thatCis}not unusual at;.this;time,of tl -.' year.-»>■ In ,'about another-month an .improve i tone-may; be Expected, ; VaWes,; with; veryie I exceptions, 1 remain unchanged.' :'y: ,;'.!■ •'* -' .'■•':' i' Sicily 'almonds: have had phenomenal, advance .recently,:; owing., to shbr , ;age";;of;.su'pplies.'-' : -''} T j6'cal'';stb'6ks. are 'light;':; 1 ;■■ . ;;Ar.rowroot.—The; market:;is..bare',;!and the 1 ! ■ :is'difficulty, in'securing fresli5 Supplies.; '~; •'■ '}■'■ Candles: are 'Selling freely,- as may;:bo;'e: '. ■'pected at this time of the year.- Thore.aro fu ■ supplies of imported and'locally-made, candle 1 The New' Zealand Candle Company's quotation ; issued December ,19, are/:—Premier's .stearii ; and ;five .medal, b\d, ; British; sperm; Frenc 1' isper'm,. paraffine,'6d ; Apollo sperm and Venus; paraffine;*: 6jd.; Vem ' coloured fluted,' 6jd.; piano, bedroom,.and ea '•■ Tinge 'Sorts,: packed : in 7jd : less theusual trade discounts.--Price's Londc s'pei'm,' 160z.; 6}d.; 140z.,, 6id.j ;Burma, 16os >'■ -6sd;v"':;;;;>; ,' V/-'■:.:.'.■•;■ :■::■■-.;..•; :'.-■-.' r- •^Cornflour.—Steady business passing".., B.ar f P., sjdi,tosSd.; Johnson's, 21d.; Browns, 3d Chicago, 2Jd. i Cocoa.—A steady hond-to-mouth .'.business: Moing. Van Houten's, l's,'3s. 2d.; }'s, 3s. 3d - l's, 3s. 4d..per lb.'; Beusdorp's, 1'.8j,2a. 10d.;i' 1 2s. lid. j l's,: 35.; Pry's, l's, Is. 4Jd.;Bahi I, 25.-10.1. ■':'■.; : , • ■'-;•- '■.■•■ ;.-.... ■ '.■";' ■ ■."■■•• , .'■ Condensed milk.-rHighlander, [ - ss.;' Cowsli 1 45.:.6 d.; Swiss Milkmaid,'6s. 6d. to6s I lid. pi :' dozen.-■.':.'"'';'■''' '.•• '••': .-.'•" "'.:■ '"' 1 CannedMeats.—Sheep tongues, 10s. Gd. to 11 for l's; ox tongues, 2j's, 31s. to 315.; 3's, 345. 3Gs. per dozen; Gear's assorted, potted, 4s. 6d ■'St.'..George's,'■■ss' ;: ' "><:■ ;;;""y :; .•"■'.:{■'■;;■■ , Canary Seed.—lnformation.-. to band by tl last mail from London;was .te the ". effect.. thi continued drought in reduced the poss bility of a good crop. Importation'from tl Argentinb ; was'impossiblei by:reason, of pric being higher there than in England, andlas but'not least; latest reports from-Morocco a 'vised that .the new.crop there would.be yoi 'email; growers in. Mazagan; Saffi, Xarache, et< having preferred to,sow barley. .The quest.ic ..laturally-arises: where are supplies ; to' con from?'; Cornplaintshave been made by Englii ' holders, because . prices have.;: not" advanci more rapidly, in view of.the strong; positic of the article. After all, prices are regula.tt •by supply and demand;;if supplies fall off, i they must; do; sooner or later,' :it stands ": reason that prices are" bound, : : to, appreciat This progress; though slow, is much better'ar safer than a. more rapid'one duo to specul tion. Speculators for the present are absen but no doubt will ;como in prices hai advanced anothef ss. to 10s. per quarter. Froi all appearances it looks as if there will,be

much higher, lever of prices, ranging- perhaps up to 70s. por quarter. ■""., Canned Fish.—Only a very moderate business is doing ,in canned fish.—Herring-,in tomato sauce, l's, 7s'. to 7s. Gd.; l's, : ,4s. Gd.io ss,i; kippered herrings, l's, 7s. :"Gd. *sto 75.. 9d.; l's, 4s Gd. to 55.; fresh; herrings,.. 1 s,( 6s. to Gs. Gd.; lobster,,' C and -B;'- Jlb.Uins. .Ms. Gd. to 155.; salmon, salad, medium reds; lib. tails. Bs. Gd- to 9s.rlib. flats,-9s. ,to 9s. Gd.; silver, }lb. flats, 55.; Golden Link, -fiockaye.rlib. tails, 10s. 6d.; lib. flats;'lis.;'Southern Cross, 51b., 6s. 6d. ' Herringlots,'in oil. Senator brand, '8s: to: Bs. Gd.r in tomato, sauce, Bs. to Bs. fid.;. sardines, Skipper, j>lb. tins, ss. to ss.- 6d.; Js, 9s. 9d. to 10s.; "King Edward," J's, *s. 9d. to 55.; J's, 8s Gd.; ling, Smethurst brand, is making 55s to 5Gs." per cwt. i Chemicals— Cream of tartar, 95 por cent., 9}d. to 10d;; 99 nor cent.,'9jd. to lOd.; tartario acid, Is. 3d. por lb.; soda crystals,'£s 10s.; bicarbonate of.soda, £10 10s.; calcium carbide, £15 to £1G; blu'estono, £32 10s.; whiting,- £1 15s. Canned fruits aro meeting with fair sales, and quotations rulo at Bs.- Gd. to' 12s. Gd. Dried Fruits.—Currants, finest • provincials! 2}d. to 3d., cleaned Amalias 3d., lib. cartons 3s; 6d. por dozen; sultanas, -selected'SJd.', choice id., goldeu 4}d. to sjd. per lb., lib. cartons Is. Gd. per dozen. Dates, bulk,' 2Jd. por ,Ib.; .cartons, Bs. Gd. per dozon; Figs, 12o'z. -glovo.boxos,' 3s. 3d; per dozen. '• Figs, .lib.. layers,. 4Jd.; Sib. naturals, sd. per lb. Seeded raisins nroslightly lower, fancy lib. packets Is., choico 3s; Gd. per dozon. Muscatels, Californian;' s's :boios : Gd.,' 10's 5Jd-, 20s's 4jd./per lb;; Malaga* SJ'a. at'lOd. per lb. ' ; " ,■ . '■..-■ ■Mail reports respecting the market for. currants at Homo advised, that' tho 'demand for currants was only modoratolyhbtivo, but nl--though the commoner descriptions were mostlyi neglected holders wero not .anyway anxious, as the market in- Greece remained, very, firm at' iully Is. per cwt. 'abovo' London levels.' Sril-' •tanas'wore dull. Greeks, boing easier. Australian' raisins had arrived more freely, and the ;frnit was larger than tho. first shipments. ; Tho 'best parcels wero being freely taken at, 38s. up- : 'wards; and; in tho,'absence of oboico Valcncias •ivero- appreciated ■ by|;the liigh-olnss retail trndo. ■ V Evaporated Fruits;—Tho quotations aro unchanged,.apples; apricots,;and,peaohos making from ,7jd.:to 8(1. por lb. :: ~' '• . "j-.- ... Infants' Foods.—Noave s, 9s. 9d.; Allan' and Hanbury's Nos/l and 2. 175.;.N0. 3, 10s..Gd;; Bengerjs, 175.; Robinson s patent .groats and barley;' 7s. ' : 6i;.■■,■-.■'■'■'.•'■.'■<'■'■'■':■■ :■'■■. ..-;:;;.-' : .■:■ '■ - Maizena;— '.' -.■»,-"- ■'"' ■" ■' -Knife Polish.—Nixey's.'ids.-Gd.; Okoy's, 59. 3d. Mustard.—Fair sales.' ColmanV D.S.F., l's." ls.,sid. to Is. Gd.'; l's;is..3ld.';to Is.' 4d.; Durham, 71b. : 'tins, 7d. to. 7Jd. ' -':'"'• :•, .: . Matohes.—Plaids, 3s. Bd. to„3s.'9d.'.,a gross; penny slides, Bs. 9d. •to--9s.- 6d.; 'safeties, I .small,' ' foreign, 3s.'.to 3s. 6d.; Brynntand May s.sniall; ■'. Is.'Cd..; .large, 7si 6d.;, o ■'-. . -Nutmegs, 9d. :to Is'., per lb.':'.;' \ .;• . . Peel.—Lemon peel continues 6carce, but sapplies aro expected to reaoh this .port next 1 month; -Lemon peel, 7's, sjd.; orange, Sid.; .citron,- 101' d. per lb'. . .'..' '•■ '■..( '. S-: " ■. 'Pickles.—Morton's •• hexagon 10s. )6d., roqnd 12s. 6d. per- dozen; Captain White's, .233/;6d.j Gorton's H:P.,'>pints, 123-Gd.; pints,.22s. 6d.j pure pickles/ 9s. 6dJto 10s. :.'."... Rice.—No. 1, 15s; 6d.;No. 2, 14s. 6d: owt.,\., : . Salt.—Fine; 71b. bags, ss;.6d.:'to'6s; 6d. : ,per owt.; bags, 3s. 6d. to 45.; coarse, bags, ' ; 3s. to -35. ; b.wt;', ': -v;..'; ..'~\ '.'; ! '''».'. ■-■■■. Saucesi-rL. and 1 P.,' 1-pints, Ms. to, Ms. Sd.'.j. . 'pints,-25s'.'' to 255. 6d.; Holbrook's, J-pints,' 7s.' • Gd.; pints!, 10s. Gd..: to. .10s. ■ 9d.;, -garton's,- }•' ■ pints. 7s. .Gd.r'pints,'- 10s. tol IDs: 6d.; Eaglebrand :(N.Z.); 4-pints, 2s. 9d. t0,35.; pints, ss';Gd.";t0,:65. : ...•:-•'•■;- .-.■: ■'■■'■ :^r; - .-■;'-'•■''-- .■..'-' .--.■.;-', Starch.—Colman's, lib. boxes,..sJd. to SJd.j. slb.' packets, sd.:to'.sid;; New' Zealand,: lib., boxes,:3Bs. to 395. per cwt.; 5.1b.; packets, 375.;'. .- to-38s. per cwt; ' -:'.'-- ; .>' Stove Polish.—Nixey's,'. 2s v " fid; ;■: ReokUt's,. 3*' .per dozen;- : : -vA';'.'.- v"*'" ::'";.' '.'-'■','■" ; '"v.- ' .'Sugar—The' market: .is i steady, V with,a good ■■' demand.' IA-andiNo.-'-l;" sG's, : . £16'155.;..N0,.2, : ■ *Cl 6 ss:; No. ? 3,'''ais'ss;per.'tbn.,o- ' - v '. '.-./xy. i Vinegar.—Midland l Bed: Hock, "quarts, Bs.- Gd.; i Champion/ quarts,<9s..V'.6d.'; -Bed,; Seal, 'quarts,- ;■■ 45.; ilfidland.-concentrated;;Soz; bottles, ,11s.;Gd. " per doz.; concentrated,.■sgal/casks,.9s.!-6d.l''per. gallon;; pure'-malt;-''2Bgal. casks; 2s.;9d.';pe'r.''gal- 1 ; lon. ;/-.'■ ./ v .; ; ';-.:.--;;--' " ; ;■ a,:"■ ""';'■". ':-■■ '.'■. ' .: I: Customs revenue"'collected at Wellington yea- ; terday- amounted -to' je.8885.;25.', 2d;- ' ; : . j ! .{\ ['-. % ;M^KItf'EEPOKT, .j';; " •' : Laery- and l Co.;: Ltd.-,'. .Wellington,;-re-.' 1 port: wholesale prices? ruling, on-.the, market:—' i, , AyheatV-'f6.wlj-''4s;'.:Bd.'- i '.to:,'4s.''.:'lod;i'-;'.;ishrivalled:| ' wheat, 3s. Gd.-.to 4s;; feed oa:ts,'2sj to 2s.'4d;;-°dun < ! ' oats, 2s: 2d; to!2s; 4d;; ■>seed oats, 2s. v 4d.: to 25.-,Bd. j' ■'. Algerian seed "bats/ 2s.VM. to'.•2s'..'9d. ; j/. maize;/ i 4s. '7d. to 4si' 9d.;'. crushed.malt,-; 75.;.. 'fowl '■: i. barley,! '25.,: 6d.' v .to ...25..■9d.;.-.'.,CaP6 barley, > ;■ seed, :35.;; horse, ■•.■lieans,''-.'4s'.'-'"''-Gd.-. : -(all'' :at ■ per bushel); ricem'eal, JB:4103. t6;E."4lssV';":flour, >, New Zealand. £11 10s. to JBIZi bran,' £i 10s. to', '■, £b ; pearl' barley? i£l6;: v 'peas,. partridge,;4s._9d.; ■ Prussian. biuo : ss;';3d'.- tb': , ss...6d:,';'.fbwT' peas lis., I split iil7 lOsi;' b'oncdust,, ' £&;■ superphosphates, -; '£5 to 66;; pollard, iCG 10s.:, to.-£li Us.;\ ■ "gnano, £i\ lOi) ■ chaff (oatensheaf); £3 55., to £3 , i 155.;. oatmeal, £10 ss; tor £10 :.10s.; potatoes, . -;'table-, £4Vlos; v ":tri ; '; %m ; -'ss.j TsEarl>Mßiss' '.'i£G-V' 15s.;\: Beauty'', o'f \ 'i<Hebron v J& • vlssj,: '' Princess . Victoria - £7; J,' imported .- seed, !_Up-to : Dates, ; : iCG.:-10s.-:to. : £7;)V'onibns;'£s'to'£7; ■-,'■ molasses fodder, £s; : bacori.(factory), sides'7Jd., -" Haras:Bd.,.rolls Bid;i butter,, bulk, 9Jd. to lOd.' 1 :l. :Poultry: Hens 3s;. 6d;, ducks',ss.'toGs.; turkeys,: " :gobblers- lis!'-'to',-, 125.;-. hen's 9s. .to . 10s;;'.fresh 3 eggs, Is. sd.'tb : lS; 6d., pros'erved Is. 3d. por doz.; ' : xhoese,' Gd.; to Gld.: r per lb. : ,:lbaf,;7d.rto 7Jd. per a - ;ib;;''Akaroa machine-dressedi cocksfoot:-7Jd.' to 8 8d.,-:farniers'..dressed. sd.v'to,-.6d.'.;per,,lb;,; 1 .rye-. Y grass, .'3s. 3d; to; 45;., 6d.': rJer bushel i[-Italian !*,: ryegrass, 35.: Gd. to 45.6 d- bushel jjwhitb. clover,', •"', 705... to -75.5.''. cwt. ;!red . clover,; cow 9 ; grass, 65§. cwt.;.alsike, 82s. Od. cwt.'," mustard, :*' ,405.-cwt,; trefoil,'37s.'Gd. c'wt.';;'rapb seed,:-265; ?: owt;;, timothy; 325/. Gd.'.-cwt.; swede ;and .iur- *.' nip, seed,'Gos.;cwt.:; : :r' ; ■'.'V ■:' :>::. .;.;'- y^\ r . > £': W^■-:■■■ V'SANK'. .SHAipS;i ? P':! ; ':;:!vv!:'.,:: >' '!(By Teiograpb.—Preßs ABsociatlon.—OopirlKht.V I-.'' ;V.' : '":Vr ' :,: -- : ' - :!!-. '!:'- Londpri;- Jnly. : .'isiV--: d .'The' following- are. tho latest .quotations:— -i V'. .■;.:• .'■ J'' ,-■ ■''.'•" ...Buyers."'. l Sellers.'■ ' >•;;';..'''.".' ;Bank. v ; -' ■■'■■& s.;d.v'; ; £ s. d." g .'-Australasia ...;...;..-10710 : 0 ,103:10.0,'. ' y --i iNeiV'.Sbuth Wales 45 10 0 '■'."'■"46 10: 0 o Union ................•.;: ; G5: Q 0: ; 66... 0: 0 d-, '.'.■ 'mH0na1.';.:,';....;.....! '5 15 0 ~.' 6 ,0 0 e'.; ; ,0 y', 10 ;5 '0;, ;- i' : c ;: : ;^± LONDON! WOOL'^ALESi V: ! f B .:;:!-'• ; :'AMERICANS OPER^NG.!';:-!;')'! n. (By;Telecraph.—Press .Association.—Oopyrleht.) !?■' : .■;. ■'■ -';'.■': ■:■;':■ ■/ ' . London, July; 13;:. K There .is'a splendid-sala for all .good -wools. lr : Americans .are.operating; freely. .'.:•,. -: .-/.. II ' PriceSv'for shabby, sorts'are.-urichanged.but ■?i there , is, hetter competition. :'.:.:•:■ j'- Among- the sales'.recorded; yesterday were : ''■ portionsr.of the - following- clips :—"Ngaio," : 'Bd-' !•. per 'lb.;."Titi,":lojd.;-"U.wooka'.v Isd; -,■■ 'O ~■:...' .- ;' ; : - •--.. ''-■•■ ■' -: ■■■ ' I-',..-'.:--:'' >! ' (By Telegraph.—Special Correspondent;)'. j! !,;,! V'-'-- , -.i.'"- '-Auckland,' July; 14. 9 ' The outlook in the butter market is satis<j factory, and it Is understood that stocks are i V ' holding ;,o,u,t -sufficiently .well,to ensure that... wholesale/pric.es will notrise: to a higherilevej than at present. The. nominal wholesale quo-' t. tation is' Is. ..Old., and retail .prices. extend' - ; . to. Is. 4d. ■■■ Although no' figures aro available ('■! there- is reason to. believe' that there is'siiffi- ,•' cient butter in coolstorago .tb keep pace with jL'.- current, .demands, until tho new season com--11 mences.'• Leading wholesale firms do not coms, plain of; shortages.; As to the coming season s, the : province. gives. promise of. exceeding last. Ie year's butter : output. " : _ There/'are'riumbrous. h openings ' i or new.. factories, but even if finan- ..; -cial stringency; should prevent the -'establishis ment of these this season, the increase in cream r- supplies' to factories already in ex\st6nce*should .; materialyincrease the total output.. • ', . 'n '■;;:.■: -.'■ '.'"',■."■— ——■'.-.•'■'' : ' '■'■''■'■'.■ '.'"'•; ;•! ;; MINING ..NEWS. 'V :/ '! ■• . , ; stock Exchange.■-•'■!,' is- ,(By Telcsraph.—Press Association.).. , . •;' ■: .-. 'Auckland, .July 14;' 6 ''. Stock Exchange sales: May Queen, 4s. fld.'jI>'1 >' Waiotahi, 7s. 10d.; Hartley and Riley,'£l 4s. 9d. (two parcels). Other sales reported:'Waio- : ? > tnhi, 7s. 9d. and 7s. 10(1.; Stanley. Parncalo, !r £1 Is.; Waihi Grand Junction, £2 6s. 3d. to £2 6s. Gd.-.(two :parcels). .v ■',;'; .''.:.- ;°. WAIHI GRAND 'JUNCTION.! ■ : ■'(By. Telegraph.—Special Correspondent.) - l ?'•■'•-;■■■,. Auckland, July, 14. . 'The opening.up of the riew-,:make.of ore re-: '" ccntly. met with on the footwall.'of ytho,"C", | e - branch of the Royal reef ih~ ; the; drive west i s from the south-east crosscut from No. i'level ~' of the Waihi Grand Junction. mine is in pro-r ! gress. .It has the appearance of an independent7, section of the lode, but further'development !; ' is necessary to determine'-the'question'. -Meaii- " -while,'a strong body of good-looking pre, is }* exposed; '•: '.'■"■".

g' «ltta>iiwn — HUTT NEWS. COMMERCIAL. (From Our Special Koporter) * - ' • * THE SHARE MARKET. , EXPANDING PETONE. Investment shares wore agmn neglected yes- , teiday, and no busmen wis done Tho quotaBTEAM TRAMS AND GOODS DELIVERY, turns wore unchanged Bank of Now Zealand, buyers, .C9 2i 6d , National Bink, bujcis Thoro is very httlo reason to doubt tiias £ g jj, . Ban ] c 0 j jj ot gouth Wales, bujeia Petone is destined to become in tho near £tf 53 , National Insurance, buyeis il 8s future . great Adu.tr.rf and Wnoroial 3d L^bS«Til7sV«U« centre. What it feels that it wants most J^ ( N atl onal Mortgage! sellers JM, Te.ld Borely at prcsent-and tho want will cor- , ncr Q iS> buyeis XI Os 61I , Meat Export (thud tainl? bo felt more as time goes on-is im- issue), sellers JS la , -1 proved means of transit As reported j«- Os 8d. te VJ ll ?.^^K to Si ( Ss £1 terdaj, tho Hon.'J. A. Millar is personally tea § er Y'K fld . &WO } Bntn . prepared to grant powers to local bodies n ' 2s 3d , New Zealand Poittho Hutt distnet to acquire Hutt Park rail- . , c^ment blI „ rs £i 2s , Wellington Opera way on the samo terms that the Government fa ovse Bellcra 7 17s 6d , TaianaLi Petroleunf, oro ablo to eeouro under their powers lhe bnjerg Cg t sharland's (ordinaiy), buyers .£1 Major of Petone (Mr. J. W. M'Ewan) has ls J 3d> fliers .£1 2s , (pieferonoc), buyers £1 * suggested that this is a matter which, con- i s fid, sellers £1 2s Cd Bidonng tho area of tho tramway district, mtmtntp MAUKrT proporly comes under tho jurisdiction of tho THE MINING MARKET i Hutt Valley Tiamway Board, and at Fn- Excellent business was done yesterday, the ' 'day'B meeting of that body, of which ho Thames group coming in for special » tenlion its L " u dcal wlth that "*"* £HK tttrs « & tS th BoS U th;s, Mr. Robert Stevens, a mem- oaU a sale o£ Talismans at *2 15s was made bor of the Tramway Board, has gLvcn notice on Change, as was sale oi May H of motion for next meeting that,a steam aiw 1 * M Tallsman x 2 Bervico bo proceeded With at once over elejen Ji w \Vaiotahi, 7s 10(1, 7s 9d, 7s 8d , Waland a quarter miles, at a cost of £63,000, t ' fc is 6d , Mountain King, Is 3d , Mr. H. S King's estimate Tho route to Dominion (Thames), Is, Is , end Hartley and bo covered by the proposed system is Rl i ej £l 3s lid At tho afternoon call fno from the Petone Railway Station, along tho transactions on 'Change weio Kuranui La e Hutt Road to the Hutt.Station, through donian, 2s iA , and ton, fe M holdfields Railway Avenue, across the bridge to Park reported sales weio. Conso^S.™™™ Avenue, then from Petone Station through 18s M , &«f;«Sj&KJ g A & ConJackson' Street Cuba Street join- \ al V w ilh the mB the mam line at the Hutt School cor- o e 0 u 0 ' rd f d lc3> Ml , & under - , ner, and from Cuba v and Jackson 1 Streets ,, „ . ' across tho new pipe bridge, now in course Buyers belters of erection, up Racecourse Road,, round the GoIdfield3 0 18 0 - ' 0 18 0 , Bellevue Gardens, joining both oTtho other oil 0 1 Si 0 1 2 routes at Feist's' corner A branch Jmo ™ 0 011} _ 0 10 runs down the jtfiddlo Uaiwetu Road lhe jjaranBahafee . - - - 0 1 2J „ number, of cars proposed'; to bo utilised is K uranm Caledonian 02 3J02 41024 eight, and tho estimated piofit for the first jj 2. Crown, . 0 6 2 0 6 5 — year's working is /£187 In. all probability, u ow Sjlua .034035 ■- the motion will bo carried. , Alpino (9/3 pd) 0 7 0 - Speaking to a Dominion representative on Mountain King .. 0 1 9J 0 1 11 u J the question, Mr. M'Ewan said. "Assuming Maonland 0 0 10 0 un that Bteam traction is adopted, and the May Queen 8 S I ■ 0 3 S 0 8 1 gauge of tho rtids made the same as the ton 0 2 10 2 3 - Government railway lines, 3ft 8in, and S a „ 2 15 0 2 15 9 2 14 J railway metals put down instead of ordinary Wal]n Extended - - 0 6 ( tram rails, which experience has proved is allu q-,j j unc tion 2 0 3 2 6 9 — ' perfectly feasible'ih'-tlie case of a consider- aJ in . . — 9 3 6 — , able portion of, tho Christcnurch tramways, -Waiotahi . .07S07507E ,then if tho boardl acquires th'o Hutt Park Waihi Consolidated.. — 0 4 9 — "■ 'line, that lino could bo cxtouded to Gear Waitangi .041 0 4>7 04 Island, winch could be used for freezing Hartley and Riley - - ■ 1 a«'