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MONETARY AND MINING.

Moratorium Developments.

People in the incas nftVctcd by the mora f01 ¡inn «ho desiie to obtain loans on mort- gage have found tlmt the Postponement of Payments Act has made their position exceedingly difficult. Most lenders de- cline lu make loans of this nature in the aieas enioied by the act, and where negotiations have been completed stiingunt conditions have been imposed to snfagu'trd the iutcicsts of the mortgagor. In sonic instances the leiidei hau demanded a full 3 ear's interest in advance before consent- ing to accommodate a boirower. In olhcis ioaus on property have been refused unless the borrower has lirsfc made a statutory declaration that he lias not sufiereil from di ought and frost losses. The moratorium is also, weighing very heavily upon traders in the prcnoribcd arcas. If tiley cannot collect money from their customers thej .wül lind it difficult to pay tho merchants, and, this will involve them in ¡nteiest charges. Authoritative opinion is '.hat no such charge can be passed un to the fanner who is protected by the act. Customs Proposals.

. Following the resolution which was passed at the conference of Associated Cham- bers tif Commerce, held at Perth last your, the practicability of altering the Customs Act in accordance with the Constitution to euiiblc the same incidence of duties on all cargo discharged nt all Australian ports ex the same vessel was submitted to legal opinion. The decision given was that such an alteration of the act could be made, mid this opinion was forwarded to the Minister for Customs. The reply of the Minister was that the matter had received the closest consideration, and that it wns felt thai to amend the act to remove the present disabilities would result in greater disad- vantages. The Minister added that tho re- sult would be that two rates of duly would he in force on all linos affected by tai iff allerations, one for goods from certain vessels, and another rate for other steam- ers which arrived after tho tariff change. The position would nlso be complicated in regan] to goods in bond. The subject will be again discussed at the conference of Associated Chamber« of. Commerce to bo held at Hobart ou February 27. Brisbane. Loan.

A report has been issued that the Bris- bane Citv Council shortly contemplates floating a loan for £1,500,000. It is believed that the issue will bo made in New York. It is stated that the money is to be used to recoup the Commonwealth Bank for ad- vances lo erect a new power house, the new Gi ey street bridge, and other important

works.

British Treasury Bond Issue.

Puiticiilais and terms of the lcccnt Bnlisli 'lioasurj bond issue hive been le ten ed The issue was to prowdc for the conversion of obligations matul mg m September, 1028 the sccuuties concerned being the 5 pei cent and 4 per cent National war bonds To meet tliese paj ments there was a cash issue of 5 pet cent Tieasiiry bonds at £101 per cent for an unlimited amount, maturing at par in Icbruary, 1035, or after Februaiy 1, 1033 ut the option of the Go\ crament and b> the conversion of the National Mar bonds falling due on September 1 Prowsion is also made for the conversion of holdings of the new iicasmv bonds into 4 per cent consolid itcd loan Holde]s of National um bonds ilcsumg to rouvert could do so on the basis of i.lOï/10/ nominal of the new Jicasmy bonds for each £100 nominal of 5 pei cent Mai bonds piatming and £nJ/10/ of Iicasmv bonds for each £100 noir, mu I of 4 per cents Holdem who con \cit the non bonds into 4 per cent con sohdatcd loan will lcceivc £117 consoli

tilted loin for each £100 nominal 5 per cent Jicasmv bonds, that is if i surrender is made in the pencil July 10 to July 31

1928 but if between Januarj 10 to Tanuaiy 31, 1020 tbo* will onH reccrio £114/10/ consolidated loan The 5 per cent Nntionnl mr bonds lcdeemablc m September ne\t total £177 035 322, while the outstanding 4 per cents amount to £20 209 O^O Ueccnt cable milice uns tint ensh subsuiptions amounted lo £87 000 000, while comemons ngeiegated £122 000 000 In dealing with the loin the rinnncinl Times states til it no Government offer of recent dite lind been so «eil recen ed is tins issue the gencinl.viow being that the Icims «ore the best the existing state of the maikct wai i Tilted

Share Issue

The Electric Light and Power Supply

Coi| ontnii ltd M dun i_ niuking nu li--sue of 100 OUJ i-b ilei of i. 1 e ic li to shirt

liol li i s in tin eciiiiinnv Hie hicicimI cn] it'll i-, iciiinit I lu provide foi ni w ni til tuen and nciv Miiteb contin| nt tin povtttliout-o t\t*tiMou ii tile ii tieul itu ii

non t-ubftt itions mil equipment e'er -ind In incct tile iiintinueil e\paiiMi li ii the cuni

pm)!> bn-inces 1'n nu nt is to lie in i le j/ 1 sllllc lo eoici ipplle ttion nu! -dielt ment, and the hut rill of V will be mi le on Jill) 2 the bilinre ii to be in call

not e\eecding 5/ "I shnc of winch at le ist one months notice will be tuen Mount Morgan's Assets

The liquidutois of the Mount A.oigin Gol! liming Co Lid (in lupin! .tim) advise tint no lephes wore re oneil to tlie ndi el In-cmont cilling foi tonde m for tile purelnie of the romp mi s minc phut equipment fieebold land lcT-e« und otbci nsacts in Queensland

Now Stock Exchango Member

Mr I» I. Kobisou lins \csttrdi) elected i mumbel of the btotk Liclungo o£ Mel

bom ne

Shipping Earnings

Ncncastle and Hunter Ruer Steamship Compaii) limited in 1127 eui ned a net piofit of _,Io040, compiled with £1.03J lil 1020, and Ultu Li'ii lirinu-lit foru ltd tlie sum of £15 294 is av uhblc In addi Don to profili lee-encs buie exp.nded b) £9,302 and tlie insurance uceoinit is larg« b) £S27j Duldend of 10 per cent foi the )eii requires jlIjOOO and £215 is cairied lot win ii The diicetots in their report stite that an oitlei for a modern steamer lins been placed with the A)miine Dock) ltd Coinpani Scotlnud It is ex netted that it will be despntched from the nrds nt an rally date The balance sheet shows capital paid up, £150 000, reseñes, £102,569 insurance account. £51,200, while sundry creditors nre otved £21,70d, compared iiitli £10 050 at the end of 1920 Assets include ship propert)

£179 109 compared with £145,559 a jeir ago ficdiolds ¿c , £15,441, plant, £8,290, sundiy dcbtois £10,409, Gol eminent stocks i.c, £110,932 «ompaied willi £110,099 and cabli, £2,078

THE SnARE JIU.KEi

Actnc dealing «ns continued in the stock mid elim c market )cstcicln> mid business uns well distiibutcd Strength uas di»pla)ed by gilt edged btotks und banks, and, although some lcnetions wuc iceoided in miscellaneous invc-tments, the section gtnenlly liad a furn tone Easter puces were accepted for Haulers, the cop per section was fniourable to holders, and tin slimes weie steady, despite the fall in the puco of tho metal

Included m the tuinoicr of £10000 in Commonwealth loins was £4,500 worth of the 0 per cents, December, 1030, to tho en lnnccd puce of £102/2/0 The 51 per cents dated 19J0 had sustmncd demand at £08 15/, whereas tiloso due m 10JJ eased to £100/15/ 1 uni demand for banking shines was maintained Otld lots of £5 paid shaics in National Bunk bl ought £8/10/, ngainst prenous sales at £8/12/, and £10 paid soup moitd fiom £17/7/ to £17AV on tlie bil) mg of 100 shares Commercial of S)dney bnidened to £20/2/0 on light trading, 75 shaics m I_ , S , and A were bought nt stead) prices, and nominal ad i untes were recorded in Union nnd Com mcicial lligbts to new oi dinar) shaics m Commercial strengthened fiom 8/9 to 7/2 New oidinai) and préférence shales in Colonial Gas were placed on offei at n con cesión, and -ilottopohtin and Gas Suppl) «tie steady Cul ton Bl c« en shed a few peutc to 48/ liciiclions weie registered in the prices of several general Investments 1 iftctn hundred full) pud ninnes m Yellow C.bs failed to ciluuist oiItun¿s to 12/S against 13/ on tuonela), profit taking in Amalgamated /mc led to the i cíense of 1,000 Bhnics at a concession, and slightly i educed puces weie accepted for 200 sh-tres in Arictom N)anza Sugai and Hound Smith I'lefercnce shares in Ackmans anil G G Goode collie! baie been bought at a i eduction, afid JI)er ordimry Heath, SchiCKs picfeience, mid LIccliol)tie /mc picfeionte eased Anthony Hordern named 2d to 22/11 on a tin not cr of 300 shnics, ind, although Austnl isiiu I'npci piefcr enco inhumed Oil to 2VG onl) 100 shaies were lclensed Sales m \ustialiin Glass at +4/0 icniesented a finther tain of (k1 Btinet Gla«s steidiod at 21/10 after finn nig to 24/ nntl Dunlop Rubber bnidened to 20/ on the bil) ing of 500 sbnits J. be Inte nie of 19/0 was accepted fur SSO pie fei euee shires in Chene) s and 28/ was pud for 250 shires in Jlilliiquin Sugar \cllou Camels icattcd to 5/9 seller after business nt the incrensed pi ice of 0/, and A ellon Cabs (10/ paid) had attention at 5/4 befoio selléis dcclaicd at 5/2, against

Followlnrr I« a list ol the latest »Iteration» In quotation» and tal« made on the Melbourne Stock and Share Market. Ol the Commonwealth (Joicrnmcnt debenture l«sucs the Interest on the 41 per cent», due 1Ö27 Is free of the Federal and Plate Income tates, while the interest on the remaining loans is free of the State tax, but »abject to (lie Federal tax. The . Indicates small lois, tile i odd lol», and Hie ! ex dtililcnd. The Interest rellim on liiiestment stock» I» calculated on the current rate ot dividend (mid honils, if any) and the prices of the latest s.tlc. fl Indicates thal the dividend Is subject to Urilisli income U\. § Returns on all debentures Include redemption:

. INVESTMENT "STOCKS. ' 1 1

Prev.(llet.

1

Prcï.l Ret.

Burcr.l Seller.! Sales.

Sales

t

Buyer.

Seller.) Soles.

Sales 1 ./

(¡.WEALTH ,

_

X

a

ii

OOVT. debs.

£

£

£

C

TRUSTEES.

5 1028 Bond»

101

.101

101

Ó.90

.Equity ..'..'.

'34/6

37/6

36/

6 7-10

7-1G

7-1C

¿National . . .

22/3

23/ Do. stock . ..

101

7-16

TRAM.. RAIL.

6 1918 Pond«

.99J

.992

.9.11

5.20

Emu Day . . .

0/9 51 1831 Ponds

100

.100

E.44

Silverton . . .

22/6

"22/6

8.9 1)0. 6lock . ..

100

MISC. 51 1933 Ponds

1003

leo

ioi

5.03

Acftmans 8 pf.

15/9

17/

9.4

13-16

Ama], Zinc. ..

li/10

12/

li/10

12/

5.1 Po. stock . ..

100¡

3003

33/8

Ii) 103(5 Ponds

9S1

I'SJ

5.52

31/10

Do. stock . ..

.is;

A. .Hordern . .

22/10

23/

22/11

22/9

7 Oi 1911 Ponds

Ml

9SÏ

.ns;

IÚ9

Do? (pf.) ....

22/3

22/5

0.7 31 I'M.. Ponds

100

.100

5.19

Aust. Taper . .

22/0

23/

22/9

7

Di 1931 Ponds

300

11-10

100)

3003

5.03

Do.', iii'««-, Kov.

, (pal.) .. ...

,- 21/0 51 ltiyn Ponds

looa

joos

Do., new, Jan. Ho. stock . ..

looa

(paul) .. ..?

21/9

22/3 oi 1941 Ponds

1001

1003

1ÓÓ3

3.-0

Do. (pf.) .. ..

25/6

25/0

25/

cn 110. Stock . ..

100J

Aust. Gloss . .

41/3

43/

44/0

11/

1.5 C 1929 Pond*

.ioi'b

.101}

.lois

5.54

AusU Knitting

31/6

32/

32/

C9

6 (Mardi, 1930)

Allto-rFInancc .

8/6

8/6

1031

.1031

.103J

?1031

ào

Ilarinrat Wool

' 2/6

¿>

2/6

0 (Dec.,' UKO)

Barnet Glass .:

23/9

23/10

24/

.23/9

8.4 Ponds .

102

1-10

102J

302}

102 1-16

103 '

5.52

Do., new (10/

23/10 Do. stock . ..

"

102Í

».

"

paid) .. ..

Do. (new), f.p.

11/3

22/9

23/4

T22/3

VICT. GOVT.

Do. (pf.)-.. ..

24/

t23/6

8.5 DEBS:

Ilcatli, Schiess Si 3930 stock ..

98

0/3

,&6

E/6

6/

3J 1311 .

8S

Brit Tobacco

.40/ ,

39/9 Cheney'» (pf.)

19/9

20/

19/9

19/3

S.Ï

ornEit pub-

C'berlnnd lic DEBS.

Paper .

20/10 &iv. Bank 0}

Dunlop Rubber

25/101

26/11

25/101

25/101

5.8

1937.

1041

1011

104J

E.66.

20/

Do. stock . ..

104

1041

«lo'u

Do. cum. pf."..

?so/

30/0

30/6

CG Met. Ga» 8

Electro. Zinc ..

31/

31/6

7.0 11)36 ".

11«

.113

5 92

Ho. (pf.) :. .,

'32/9

32/ÍOi

32/9

32/101

7.3 Farmer's C 1939

¡ICI

Geo. Farmer ..

38/ 50/

19/3 01/0

3V 50/

ii

- BANKS.

Geo. Pizzcy'. .

10/6

10/0

Au«t Pk Com

32/9

Gordon and Australasia . .

14/9/

tua

4.8

Gotch .. ..

27/6

27/0

7.3 Commercial

Herald.

71/0

72/

72/

C4

(cuni, rts.) .

29/1J

29/3

28/101

0.2'

HoITlllnll Bk. ..

29/

2S/G

S.7 Do. (ex rtn.) ..

29/

Holden'» .. ..

29/0

21/71

Do., new t.p.

Ho. H"B" pi.)

20/2

20/1

20/4

(cum. rts.) ..

2S/3

Ho»'d Smith

2S/9

28/6

2S/9

7" Do. pf. (cum.

llojf» (pf.) . .

21/9

21/9

7.3 7/1/

7/1/

5.7

Hume Pipe . .

15/7

35/10

15/7

15/7

Do. (rights) ..

7/2

6/11*7/2

16/9

Jus., VV'good .

Lincoln Mills

13/

.42/

7.2 Com of Sydney

26

20,

t2C 20J

4.7

Ii., S., and A.

7/13/

7/13/6

7/13/0

{-/li!/

tltJ3/6

1.9

(Pf.).

London Stores

36/3 31/71

32/

10/4 31/6

4.8

Nat., £5 paid

a

9

8/12/

5.7

Mlllaquln Sgr,

sty

28/

7.1

Do., £10 paid

Ha

mi 17/11/

»7/7/

5.7

Motor Invest. .

19/

.IS/ Mut. Store (|if)

23/

25/

0.4 X.S.W..

471

4GJ

5.4

Mjcr.

37/

30/9

.ill

9.5 N.X.

B9/9

Do. (pf.) ....

20/Sv

26/0

2I./0

fi.S Union .. .. -.

1W

.Nestle. 8 pf. .

21/9

24/il

C1 PAST, «t FIS.

N'cotc Bk. . .

22/9

50/ 20/0

22/2 -1A1

1/111

fl/11

1/1H

O. Gilpin (pf.)

R. lleiil (7 pt.)

20/

7" Dalgety .. ..

13AS/

t!3j

20/0

0.5

20/

Dennys, Lai. ..

2Ö/G

0.8

Do. (Spf.) .. .

20/ Colds., Mort. .

'47/0

47/9

47/0

47/6

C3

Holfi..

11/3

12/

11/9

Younghusband

44/G

45/6

15/

G.6

Rosella.

Smith's Neus

61/3

52/. *

C7

I.IOIITIKO.

(pf.).

22/3

22/6

.i Col. Cas .. ..

20/9

27/

26/3

0.7

Stand. Trust pi

37/

17/0

10.2

Do. (ne«v) .. .

20/

Sual.. Ariel! .

20/1

20/6

20/

S

Do. (pf.) .. ..

24/6

-i/6

C5'

Do. (pf.) ....

22/0

Í22/5

7.1 Do. (ne««-) .. .

23/9

Iltd. Proms. .

20/3

26/0

.-W6 O'long das ...

25/

Ho. (pi) .. ..

22/10

23/

?IV Mctrop. Gas . .

10

10/1/

io/i/

110/1/

7.4

Viet. Njanza .

51/3

55/

54/41

51/0

7.3

tio

Yellow .Cabs ..

32/7.

12/8

.13/3

13/

The Gas Sup

13/1 27/3

Do. (10/ paid)

5',

5/2

12/8 6/4

6/

BREWERY.

Do. (SA.) .. .

8/

Cnrlton.

47/9

4S/3

, w

48/3

5 8

*\elln«v Carriers

6/7

. 5/0

6/ 'fi/10

5/7

1 70/

1 ..

1 -.

109/

1 58

Ho. (forward)

D/9 MINING STOCKS. Bu.icr. I Sell

X. Broken Hill

Ho. (forward) . N. Mt. Farrell .sulphide . . « Zinc Corp. . . Do. (pref.) . . .

TOPPER.

Hampden . . . ML.Lyell . . . Do. (fur» ard) . Vii. Morgan . . Do. (fonwird) .

TIN" MIXES.

Aberfoyle ., . . Do. (paid)

Alpine Do«oiuja Asta-Amáis. . Itoiiong.i (pd.)

Briseis. Ulindi. Chans Pirra . . . Federaiion . . . Kopali. Kual.i Lumpur Ho. (paid) . . .

ijimpeh . . . .

Namur Pet . . , New ¡-alni: S. . , Pniln«ti!-i . . . . Do. (luid)

2J/71

42/3 SI/3

29/0 17/0

IS'

Sales. jSatca.

23/73 13/71 2.1/0

2,1/71 ,23/71 »42/

81/ ' 80/0

Rl/6

81/3 8./

11/0 31/7 U/5 29/3 23/0 29/G

29/0 I ..

17/ I7/3IIG/IO

17/5

IV.

Phln So.ni . . . Pulo .

Hangen^ . . .

Ilatiiit B.i« 11 . Return Crtci.

(pref.) .... Tlioino. Do.'(paid) .. . Tin Option« . . Tliisongkhla . . longknli Cum*

pound . . . Do. (forward) . Do.' (No. 2) . . Do. (paid) . . .

longkali Harbour

VIC. GOLD.

AJ.iv . ..??-.. . Eldorado . . . (.'olden Lily . .

Ironbark '. . .

l-ocli Fine , . .New L. Tunnel

Rose, T., and

Shamrock ...

'MIS. GOLD.

Adelong Estates Ott

C/'l

SO'O W 4/0 3/11 Ml

11/ Xarauaki

MISO. MIKES. Glenelg Oil . . Point Addi« . . Do. (1/ paid) . Do. (paid) . . . H.A. OH . . .

Buvcr. | Seller.

JC

S

19/

20/3 1/

3/9

2/0

2/9

2J/11

23/41

17/

10/6

3/

6/

5/9

2/

2Ó/9

22/

40/2

40/101

22/

25/

2V

28/3

1/3 1/6

1/8 2/3 1/3

2/3 3/21

3/5

1/

2/0

..

3/6

3/6 0/6

0/11 1/3

1/10 1/2

1/3 1/3 3/.Î

3/1 3/3

9/9

1/3

3/ "' 3/3

pi tv mu. files nt V lor 700 pitftieii but- in United I'lovi«ioiis the nilibili,; pine el 21/ W lx pilli

Met ii tpintiition» hum london diicluM.il i I in tim decline, of 0/J to £20/10/1 u to in lile pine of le id, and, us j. tcsult, liai

nu linn in.- complines mined to i lower It vi I ol pi it eh Shale in .Ninth lliokcn Hill pic»-cd for nie nnd 2 /HO -luies thinned hands fiom 81/ to bO/U, and up l'un to SI/11 'Ihe closing pute on lut» 1 iv vv is 81 'I, md a nock nj,o the seni ii is quiet at SI/0 Souths lost 1/ to 12/, /mc Coiporiition shed i few pence to 3Ü/0, and 1100 slnics in Bioktn Hill Pt) victo Îliced about recent puces Nmth Mount

ancll, which weie united ut d/1) tari) list week, bul qiuttiiicc nt / .ulong mtnpmios hntcd under "ecippci ' Mount Moigin idinnced fiom KV10 to 17/1 sale and bum on i turnoicr of 1 "00 shaics, Alount Jj) oil hold about 29/0 on the cn ebinsc of 000 shines and Hie bu) ing of«a00 bluies biifhccd to lift Hampden Cloncurr) fiom 11/1 tu 11/7 Seieril tin nuning lcn tuics niiido a iiim stand m face of the per sibtent iclnp-c ni the puce of the nietnl

longknli Compountl gninetl 1/3 to 40/J snle nul bu) ci on the tian.fci of 1,000 shares following the îcpoit of sotisfnctor) )iclds foi Januni) The drctlgo at SetuI won 58] tons of tin oxide, and the diedgo nt Min tin won 2} lons, while opening up a pul dock dilling a lim of G2 hours J be last named di edge is now winking full time und i mining well .be news that rongkiili l.aiboiir'n No 7 di edge w is beginning woik imputed stitncth to Hie compatit's shares, and Nu ci h at 28/ were not biitisfied Lim pelt I cid nt 4/0 on Hie rcpoi t that tile diedge lind rciehetl ingiii L'loilllcl, Kunja Lumpur lind iiiqiurv nt dl/1, and \bcr fovlc moved up £1 to £20 in odd lots Hnngcng eased 4d to 2/5, and Ititi ut Bnsui weakened fiom 23/7} to 2J/1. At the niinuil meeting of Auslrnl Sinmcsc N L )Cfiterdni, Mr A \V Palfrcjinan an- nounced that the company had ceased pros peeling for piopritics and would not ic sinne wink until the price of tin «as placed

on a steadier basis

Loch 1") no gold continued in demand foi loiving the neld icpoited on Tuesday, and 000 shines were bought to 3/G, mi ndnnco ot Id on sales 1 Idol ido «as pissed in nt it eoncobhion lîcneivcd mfcicst was tiken in South Austi nlnn Oil, mid 1100 slim cr weie ninan bed to 1/3 nennst selling quo tntious of 1/ on the piettding dav Point \ddis (1/S puni) «as on s ile nt 1/10, and (.lunts pnid lo 4/ hid passing notice ni

1/3

iMi itsrvrc i nchiaccs

SI DM _ Wednesday -Sales - Coiiiiiioiiiuallh i an.-, |ier cent Jlr_8 1.101/7/0 jW l«T tent nul m/uil uiti/11.1 M lier cent, jim JL1U0 8/ l .100/10/ ?> 4 per cent. HI« £100/1S/H 0 per cent 1119) 1.101/10/ C tier cent Itecetnber 1)10 i.lOl/r/0 i.ini/ia/0 0 per cent March lim tlni/l/. flOI/l/l) .1 milla Mil (I lier cene fun led stock l*W.i (taxable) £101 Diiiks-lelc lalde J.J/II/ lust of loinrairce. 12/10,4 111.1 t tcmmeicial ra* hjdp.y £20/5/ National le« mill

t_/17/ NSW 1.17/I1/ Iteaul-Ncvicohllc (et dir) 41/a H)dnc> I errlcs. 2_/l Insurance-lust l.eilCTai (b/ paid), !)/U. A / 40/1), S nth British ii/tl I aa-\li»t (V oldl 1.-/1/ North Hhoie _2/1 Miscellaneous- Vmalcamated Wireless u/n ItialeamaliHt /lue 12/ A Hordern 2.1/ »l/l*. di ti rd | 22/1 22/ lu>e Glass (nref ) lort 1ml ll>|sriiii l/l! luto Totalisators 1 ranee (pref I 22/11 do (ort) 10/s I evil lllack anl White Cabs, l/(i nunn llulp, wa. Ulli love 37/ < olonTal Sugar L ki/10/. Cuiiilicrlan t Paper ('ntl prcf I, 2"/

Dall. Tclegiaph, 20/fl (len Indll'trlo. li ill dn (nrd lOOUl, 20/4'i Onld-broii_1i Mort r/o 1 ood) car (pref) 2l/p Gonlon and Gotch, 2»! Il tones (700) R7/C turn Gravel 20'4'4 Holdens >1/*> Iloslln*» (C prêt). 10/0, Howard Smith, 28/'l Kandos ( ement 20/I, Lustre (nref I 1S/10Í 10/

llanrl Broa fir. Mlllanuln Husar 2S/1, Nestle li ref I 25/ N « W" lilli« Metal 2n/ll Heal Invest tpref) 20/0 Wilco« Moulin ¿Old Wunderlich, 17/

Yellow rah« lj/ \ellovv Lirpress f,/() 1/10 Mining -Ml Montan 17/, 17.1H North llroken Hill gi/ Ure I cn Hill South 421 Broken Hill Southern lode .'_d Mt. Isa 20/HVa laam kumbang. 51 / diane kat 10/ Nanni I ft 8/ Takilann lallcv a/n

¿bahaiJe k /"2/G K11 Jongkab Compound 40/0

Sales - City rice Iden ' " ' _,., ? - ....-,_ "...,. . ._ Bl)

visions lord I 26/6 1 Ictoria Nv;_ _. Inlnnlit fas (noir Townsville Issnel *>4/l) I eelcral

" Ipal1.fl 7 Hank of Ne« South Malea £47/12 0 Natlon-1 Hank of imttalasla (conta I £l'14/t Qtirenslal I National Bnik £8/12/ Metro tnUtau Wafr Sevve-i.c Iloird ((!". percent stock)

?MO 1/10/ Newcastle Ga« (\ shares) 11/ do II shares) 1/ _, ,., _, ,

11)1 f 1IDI \\ odneflay-Commonwealth Bonds '. 1er cent 1053 Clf«V/i7<0 fi pet cent lill

tiro/l'>/l 0 ter rani Manh lDtn 'rlfiV if Biter

rent MS. £101/1 ' Investment Sale«-Hillka Vdela le C*V(7(1 I «editor Tnistcc 14/0. Benr/tt

ail Pbhcr (rilli 17/10 Adelaide Mcctrie; (ord

40 I Adelal le 1 lectrlj I. per cent prcf I 20/') Vdelaldc Steam 50/ Hold- a (ord I, «*)/ '.«'"'," dV ric, (1 cf""ir-r" *>'./ llail.T I ert'i ¡ser» ".4/J

?." -linaleamatcl /\~ ""'."* ?-'"-???"

21/0 23/" 23/n

Silver-imalsainatcl/ln^ ,j/n. UH/^IIroltrn.IIlH

h I/» si/7 North M/0 H/< M/, b »l/i South 42/ b 41/f», » 4J/1 «jitlpjillo rorp 1V7 »l'/D Sulphld» Corn (Prcf) hit/t.

s », 1 /lie 1 on. lord ) 10/1 10/0 I; j«," '

ni .' Zinc Irri. (prcf I, b 71/1, Gol 1 Sale»

{.ulne-i told .'lil 27/7 Mutooroo (con ) 1/1

IONDON Sll'lltl QUI"! \.HV\S

LONDON lan 11

Tile lush« nuolatlons for All'lrnlialan slorks and "hiles are as follow _ AlatralliliMenaiillli; I. id anl 1 Inanco I"ncr ecnl ' £74 City of Si | pel fi 1er cent, lil" ilO'1! IUlcell and I o

"inres fir. el dividend Dalceljr ami To 4 1er

cent deTmitiiro slock fr'S CelMshrollith Mot

VU %§P!íor^VHaÍ77"r^HtCkSoT,í'il /' l'.mnden ClAi'ro" 10/7T ' Mount 1 WJ[¿

Brl-tls lin 41 Mount I lefl *>8/j!~"Creal Bmi 1er 1 /01. Sons of Gwalia, 2/6. Souita Kalcurll 11«.. niulder rcrseveranec (ord I Del Onldcn Horseslol

Oroya Tinks,

tlo (nref I

Conwiratlon 72/e, Kamtllltlnrr Zll/zw nnipin in . ^"'t.2'"«,",'

0"'.) lit Selayanir W11 Mount Isa 27/10V.

llroken .lill Ilhidesta, H/4 V ,an 1 O steau.

.Nausatlon deferred stock Is punted buyer £215

TRICD Ol OOID

TONDON Jan 11

The price ot cold Is £.4l4tW\ an ounce tine

HALL MIA!

Illdders »ere ofTcrlng 2/6 for HALL-IR IT WOOL LEN MILliS, but sellers kept wide Quota

tlons -

Ballnrat Bank, b £12/10/ do (new Issue), li £6/12/ Ballarat Cas li J6/ Ballarat Land Mortgage, s 11/ Ballard Trustees b 60/ Bil lant Woollen Mills b 2/0 s 3/ Gooriro I armor, b BO/6, s 52/, do (prcl ), li 24/3 Hume I'ip

It 16/6, e 16/ M)crs (ord ) li 37/, s 37/3, ele . 9 per cent, (pref ) b 2C/3 s 26/6 Aja\, s 1/4 Hercules s 2/ Loch F)ue h 1/2, s I/O Riles 1/3 Ivew Oswald, b lOd ? l/*3 taw lied, tillite, und Blue Consol, s 4/

BENDIGO

M IV OSWAttl is mcotln" ftlr values In break ing icross the rise conneetluf. Hie 700ft and 600ft levels Quotations -

Ben I iro I t-nnjiii-nt IliiildliiK l> £11/10/ s £11/15/ But b 20/ llciill(,o las li ¡I./ a 100/ BendlKo btli Bulldlnf b Xli/lö/ Colultlal Gas sales 2./ÎI I iiincrs au I Gltlrins llit_trcs b 12/, 6 12/J Hercules s 1/0 Ironbark, h 1/5 s 2/ Lcfego s (20/ paid), s 20/0 L)rle Theatre (10/ pnld), s 17/6 " New Oswald b Hil , s l/f New Blue, b _/ a 4/3, do (paid) li 3/0, s 4/6 Sandhurst Liilldiiut Sociclv, li £6/3/, a £6/4/, do (pild), b £23/5/, s £23/10/ Sandhurst Irustecs 1 xccutors, b 15/l\ s 10/6

IvEW COMPANIES

Tito following companies bato been regis

tcred -

Macara Laboratories Ply Ltd Itcgfstcred olTlce, 237 Exhibition street, Melbourne ObjcctB -To acrpjlre as a going concern the business carried on under style of -viap/ara Laboratories Capital,

.Kobcrt Percy Wall, one share, **l\iíllain Arthur Wall, one share

Mall Bro« l'lv Lid , general importers, wa

housemen, uicrclnut«, _.c l(e_istcreel olflcc, Kum) street lllchmonil Objects -lo acquire as a going concern the business of Wall Bros Capí tai, £2 000 111 £1 bharce Numes sub«cril)ed to memorandum -'ilobert l'crev Hall, one slun «Williim Arthur Wall, one share

fifi) Appliances 1 ty III BcglsterMl olllre 4*)ti Swanston itrect Melbourne Objects-To

cqulre us a going concern II10 business of i.cne al electric and mechanical cngimcrs cirried "11 by liedcrlck lavlor Gnv CapiHI, £2 000 in £l shares ^ imes subscribed to memorandum -I roderick Tailor Gru), one hlnrc lvv ( my,

io share, Frederick Herman Griy, one share

lustril l'aint Co I tv ltd itcklttcied olllcc I1S Hallies slreet North Melbourne Objects - To acquire the Interests of Austral Impcliul Paint Manufacturers mid Igeneics Capital £10 000 In £1 share« Names stlbrcnbcd to ineinonndum

-.I ictor Nunnlngton Dodd, one share, *IIenr) Willi nu Anderson, one share, Hegiiiald Caddie I elvvard Stephenton furner AlcKJiider lladle) Capp and "Norman George II)slop ara also dlrec tors , ?>

Abrnliam (Kiac) Pty ltd Objects To acqiiln ns a (.ring concern the business of financier pawn

£10 000 In £1 shire« _,jmc» su! serib si to inenioriildiini - *Isa ic Ihrahaut, one share 'svclnev lids .hriliun one bli tro *\unlo Air l

tam, one shire *\ Has Coppcl Abnlnin, one hharo

*ltebiri 1 Abiatiam, one share "Amelia Abraham,

one. shire

Ooodvcar Tire omi Rubber Co ol Australasia Pty ltd (The) Cipllal £10000 in £1 -hires Nîmes siibscrited to memorandum - William Scott Bulee one shire Innes Burt litken one shire Directors - William George hither anl Hubert Herschel llanni

?Denotes director

HMD . li TIN COMI IN,

After lilinv dclnva the dreeite ol Illili lal Till Dredging Ltd , 1 e lernte 1 Malay states, has icichcil the prodtte itu btane In their report for the )cnr endel Oet bcr JI hal the dlrcetois ot Hie corni auv eil''"1 C'p reasons for Hie loss of time and stat that arringeiiients baie been 111 ide to overcome the fbnrln.e ot vv iler soinctlmci, pi pcrlenceel In the riiv se is n ihe company holds le ites over bS_ iciei. mil has uiiplled for au ex tlm-lvc pro icellng licet ce over I 70S irres Close boring of the teste I aiea Is reported to have Indicated Hint the ilred(,e will woik for the llrst icir in ground avcngui" 1 171b of tin oxide 1 ruble mel to an licence depth of 1 tt a_,ilu«l nn aver igt dej tb ol 2.1ft over Hie wlolc ana as ntentione] in Ho proi-pctlu. rho clra-e boring is Mid lo be pricing 1 larger aineulit ef died"eiblc gronnil than vns eipecte 1 O itsi le liabilities on October JI .'Illinium 1 to £7S-ll anl llq li 1 asset* without allow in- foi elcprcclitl m nn home d nibt

fill items stool it £Hr.' The die Ige slood In llio honks at £ 0 111 Hid Hie plant and pqc line ii £3S11 111 I Hie co t ef d vclopmrnt work tq 1 erred at £11 M ? * ?'?' .' ..?- «..????

of viliirh £1111111

from cqulpinent ind binldli l,'

MIMONG CHI I h Dill IIGINO

lu tnoviig the aloplloti oí Hie rei orts onl ireeiuiits eli Hie Mell n, (r k Dr l.lll" to NI at the lnlf iiirh mc Iii hell sl-rliv at rollins House Hu el tlr it iii (Mr I < Jv 11) Mid tint the low v I 1 1, 1 , 11 I rccei llv wile due pal li) to the el id. v iku, in 1 |i|"h pr nice which although It flovei jvtv iblc vihtes when Iwrcd vv is loin 1 to I ive sieb 0 thick 1 .s of overburden that Hie v irl co of wish lluilihl

was ton smill for |r Italie woiki!i" Tie drelge lad leen tun el to til- cn-t to avoll 111 terrace and If relimis III not show in im-urlhl

nid .ilhstmtlil Inn imcim-1 l Ho dncHnr« ve del le corni elie I to c 1 si 1 r lit ihl.ilililv of c is In, opentlons Mr Ii 11 1 I |n I li ,t t li s,i,| Qui cn Oin Pom. mun (,, M, tn" Vlllilli, lu Milich __dclui_. Creek bad uu iiilcrcal wab de

vclnplug silWjclorily, ond «as expected to beelu clashing shoitly.

Hie mellon v,m ocrced to.

AUSTRALIAN RADIUM COHPORATION'.

In their nport tor the period ended July 31, l!Ci, the duvclor» of Ilia AustrnllJii Radium Cul mulliiii .VI., explain that a représentai I re mu

lot unit to l.uiiiliin m arrunge lur the rui.lng i,I aplul (ur ilcielopinent «ork, Ja «as intended, iccnu«o rullicicnt money for Hie purpose n..s

forthcoming from shmcholdci. I'v «ay ~f ci Arrangements liaic now been made (or i liirei lo visit I/indon Ibis nioiitb. The directors eil tlnit a large quantity ot Illili grade ore is as able ut the mine, ami th.il ii capital it r.il for working the properly substantial prouts i !». carmd. Tli_ estimated cost of producing

gramme ol radium, valued at £10,000, Is Riven "_ ii, 11,0. Hie ligules are bawd nu the tleatmclit of UKI tons ol roneenlr.ites a month. 'Ide lo«s on working tn .Inly 31 vat £5,67J, and on that date til" iiiiiipany oiiid .1:3,203, against Milich it held cudi aliionnliiiir to .-512, and ullin' lusatls oi u seini-li«|uld nalitre.

. MALAY-SIAMESE PROSPECTING COMPANY.

Operations of the Malay-Siuini-sc Prospecting Co. Ltd. (or the «ear ended October 31 resulted in a loss of £1,000, which reduced the Credit In (lie prollt and los» account to £22,219. The pros- pecting uicuunt «as increased from £S9_ to £9,070, but Ihls expendltino «111 be recoved from new companies to be formed. Tlio directors re- pon Hutt-Hie outstanding success of tlio jear «ils the option obtained oier (he Ka! Hoot Julia tin mines, .which'«vere taken mer after boring had pi-oied that the ground uiciatrcd 43ft. in depth and O.SDIb. of (In oxide a cubic jurd. A new company is to' be formed to work tire area by bucket iln-diring. A promising property, ot Koli Subuli «as bought. It contained a deposit of titi in n serle» of lodes oil the east side of hills rWng to 900ft. above the leiel of the valley. A tunnel to 1S2ÍL intersected oro assaying 2 per cent, tin oxide, and It waa etpected Ihot it would have to be continued for GOit. before going lliiougli the several lodes which «vero worked bl Hie hillside many years ugo. The company still has a number of areas to examine. Paid capital on October 31 was ,£100,000, and £25,083 was held on loan npalt from £8,843 owing to Sundry creditors. General reserve stood at £8,333, to wliicli lliruro it «as reduced «lien £50,000 worth of bonus shares was distributed last j ear. The leading as«et was £105,330 Invested in shares of Hie Phill Soon and Hand Yal Tin companies, the market value of vviiich wa» given at £143,112. Hie Nal Hoot option was valued at £10,093, und ca«h In hand and at bunk amounted to £2,G$2.

the loans (o subsidiary concerns, Hand Yal (£5,1... and Huey Yoi (£5,402) were expected to make lepnvmoiit within a few months, mid Piiin Soon (£17,020) and Naung Pet (£1,GI2) were expected to retire their loans «lum tticic plauls weie pro-

ducing.

TIN YIELDS,

llaad Val,'January_258 hours, 21,000 jaids, S

liney Yut, Januar}'.-5,500 yards, 3 tons.

.Ktula Iiuinpar, January.-150 hours, 170,000 jaidi, 2o tons. Costs, £2,333; realisation. £3,733. Decciilber.-617 hours, 185,000 «unis, 25 tons, £2,333, £3,900. '

Kuala Lumpur.-Fortnight ended 31st-Hours orked, 207¡ cubic yards treated, 21,000; tin oxide won, .12 ton». . Shut down three aajs Chinese Kew Year. Making every effort lo com- mence continuous dredging February 15. Previous fortnight-270 hollis, 2b,000 jards, 12 ton». Carry-

ing out alterations new dredge. I

.Kutidaug, JJnnury.-193 hour», 87,000 yards, 2i tons. Cost«, £2,100; realisation, £3,3S3. Decem- ber-520 hours, 10,000 yards, 25 tons, £2,333, £3,000. /

laimpeh (Slain). January.-5 tons, 32,000 yards, 505 hours. Have crossed liier into viigin grouud. Uecembei-6 tons, 40,000 .voids, 020 hours.

.Mallm Nawar, January.-147 hours, 90,000 vards, IS tons. Costs, £2,216; realisation, £2,083. December-535 hours, 112,000 J ords, 23 tons, £2,210, £3,010. PA. L

.Mallm Kawor South, January.-50o hour», 109,000 vards, 30 tuns. Costs, £2,333; realisa- tion, £¡,550. December-120 hours, 81,000 yards, 25 tons, £2,333, £3,900. n/>

Mount Bischoff (T.), fortnight to 27th.-30 heads of stamps, in commission 9.08 days, crushed 1,890 tons, calcinen treated 209 tons pyrite. Total output of tin oxide, 9 tons.

Knwng Pet, January.-080 hours, 20,000 yards, 20 .ons. December-040 hours, 31,000 yards, 15 tons.

Phin Soon, Januury.-150 hours, 23,000 yard«, 24 tons. December-3S7 hours, 35,000 jurds, 33 lion». . . , .,, .

.Bawang, January.-Bucket dredge, 571 hours, 112,000 janis, 27 lons. Cost», £2.100; realisation, £4,083. December-578 hours, 120,000 j-ard«, 40 Ion». £2,21G, £0.300. 14in. Sluicing Plant, Janu- ary-370 hours, 38,000 linds, l8 tons. Costs, £1,806; rcutiiitioii, £2,083.

lloiipibon, January.-171 tons, Ga.OOO yards, 692 bonis. Ore realised, £2,360. Stopped two days Chinese new year. December-29 tons, 100.000 yords, 074 hours, £4,550.

Itonpibon Extil., Decbook.-Output January. Dredge at Ronplhon, 7 tons, from 49,000 j-ards In 005 hours. Stopped two day» Chinese new year. December-G lons, 20,000.jurds, 38S boura.

Sebnang, January.-Dredge ran 380 hour» and tieated 70,200 yard» for 14 tons. Eight days lost duo repairs and Chinese festival. Work of last four days not recorded as books closed 27th for dredg- ing returns. December-515 hours, 109,000 j-ords,

19 tons. >

Tanjong Tualang, January.-351 hours, 130.000 vards, 35 tons. Cn«ls, £2.210; lealisation, £5,250. December--COS hours, 175,000 jurds, 40 tons, £2,210, £0,300. -

Tin Bontnng, fortnight ended 31st.-Hour« worked, 283; ruble janis treated, 35,000: tin oxide «von, 101 ion». Shut down 3 diys Çliiiio-c new jear. Pievioiis lorlnighl-319 hours, 3" " "

i-ards, 101 ton».

Ton.knh Compound, fortnight ended 31st. - Horns worked, 217; cubic jurds tieated, 02.340; Hu oxide won, 29} tons. Shut donn (bree days Chinese new «ear. Previous fortnight-211 hours, 02.903 J aids, 291 Ion«.

.Dredges stopped three days owing Chinese ncv

J'eiir.

TUB METAL MARKET.- . ^ LEAD FALLS G/3 A TON.

Following aro the official London metal quota- tions (middle price») on Januory 31. as received li)' the Australian Mines and Metals Association from the London Metal Exchange:

Per Ton. £ s. d.

Copper, standard, spot (rise 2/0) .. .. G2 10 101

Ho., do., 3 nmntlls (rise 2/0) .. .. 02 D 71 Do., electrolytic'.£06/10/ G7 0 0 Do., do. (wire bars) .. .. '.. .. C7 0 0

Do., bo3t selected. C6 7 fi Lend, soft, foreign, spot (fall 0/3) .. 20 16 3

Do., do., forward (fall 0/3) l. 21 0 3 Snelter, spot (fall 2/0). 20 2 0

Do., forward (fall 3/3)... ".. '.. 26 1 3 Tin, standard, spot (fall 48/3).247 8 9

Do., do., 3 month» (fall 40/3) .. ..247 0 3 Silver, standard, »pot, 2/2} per o_; forward, 2/2 1-10 per o_ (fall MGd); silver, One, spot, 2/4 5-16; forward, 2/41 (fall 1-lGd.); American electro- lytic copper, 14.35 cenl» per Jb. -

CENTRAL RED, WHITE, ASD BLUE.

BENDIGO, Wednesday.-The properly of the Cen- tral lied, White, mid Blue Gold-mining Company

CIIAKG PURA TIK COMPANY.

Speaking ot the first annual meeting of Chang Plini Tin N.L., Siam, held jesterday at Temple Court, the chairman (Mr. R. F. Walker) said that leases for the compnny'» dredging areas had been returned to the Government for completion, and nu exemption for 12 months had been granted for tho working of the property. Mr. F. G. Wilson, general manager, under nn arrangement with Tingha Tin N.Li, had left for the East to inspect and test new lease» of 250 acres, and informal no gotiatlons had been commenced with the owners of adjoining properties with a view lo extending the dredgeable ground. Quotations had been invited tor a dredge «lill a monthly capacity of 1OQ.OO0 cubic j'ards of material, and plans for the machín

Aere being prepared.

GOLD YIELD.

Adelong Creek (N.S.W.).-Week ended 1st. Drcdgo worked 301 hours and treated 8,700 janis for 15o_ Previous week, 119 hours, 10,300 yard»,

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