The Times from London, Greater London, England • Page 14

THE TIMES, THURSDAY, "OCTOBER SO, 1902. the Briti OohnnM QcJdfleldi la ISM, tad that eom (my xpodd 30,600 on tb nine and satisfied Utera svrv that tb wouVi tan out waJL Is addition to this aprrdltnr, the British Cc4e Ua Gcld Balds undertook toj bcd and sculp a SO rUan raill, po that Om tol otrtJay racked Am cms. Tb Tmlr Oold lllaes wrerth crated wi acarltal of 200,000. Aa there lag th rrtUtvsO which Om British ColembU Qeldfields Md partner, th West Australia Odd fields Oomrany, kid lattt deKakiag, they agreed to all tba whole of tli property, tnrJadiag the mill, for paper only, aad net on pen 'we received La cash. As farther evidencing the confidence of the two coo Make tb ndertuiac both of thea bed continued to bold the majority of their shares, aad this we epedally the cee irilh the Wert Australian GcJdSelda Oompeay, who had block of 70,000 shares.

These coBnatea were taxtarelly deairoos that the propatals should go vaga, because If the recrmrtroctloa scheme was carried, the aharee woald be worth 1, bet other viae they would he praetioally of ao vain. At aooo aa the Ymir Coopeay took ever the property the directors exTwaded 29,000 oa derelopsieata, aad the mine had retnraad to the shareholders so lets than 60,000 la divid Oo account of the mine being bought for tharce only, the eotnpaar had nmr been la pmm anion of any working capital. The prtrpeify wa handed orer as a going ooooera one that was Baking rroilu aad the directors cromeded to do all the deployments out of the pr ta, Thia method of working cor. Id nl coBtlnne, BCM UV WT liruiH lb uwr A AUSJ W(OHI ebircholdert aad oak a proposd to Increase the capital by 20,000 aharee. la view of the change la raiting market conditions, this Una ni not made, and under the present scheme the shareholders were merely asked to fire beck a proportion of the money they had norWed la dividends, lie aad his colleagues had treat conCdraoe la the future of the mine, aad Mr.

Hooper, iVAMMMlttfi. CM 1 Irv assessment of 3a. under the riepoeed rtcoattrortloa scnem wouia enaiae in company to gel aijeoirrteiy clear of debt and leave thea suScient wvking cant to continue developmeati at the The mine would thai be put on a thoroughly eotind is, enabling the company steadily to pay their way la the future. IDtberlo they had cnlj serlocily developed the property down to the third level. They had tcratched only the fifth aad sixth levels, and the eighth and oiath lerela were untouched.

SJoreorer, they had 100,000 tons of ore blocked out, and with the additional capital they would ce aDie cru uui nuuc, coo, waea crurnea, ua oust to return not only the 3s. the shareholders vre I asked to provide, but a considerable profit aa wtlL The dirvctnrs, who held a Urge block of shares, were perfectly content to 0 into the reoocstrnclioo, rod they strondy advbnd the shareholders to do so. The on terms lower Uuut had ever been known la the City, lie then proposed the resolution. Mr. Richard Popluss seoncded them, aad after a brief 'discussion they were carried.

SwAtrn.iMt CosroftXTica (iDUTtn). The fourth vrdiaarycoDeral meeting washeld yesterday atWiacbester house, the Hon. John Tudhope pretddiag. The chainnaa, moving the adoption of the report, said thai the most important evest of the pest year afectlng the iaterests of the corporation was the conclusion of the war in South Africa, which was raging when the directors last met the shareholders, end the canMnroent Jmpioveiaeut la the prospects of the company. Although they had not yet beea able to resume active operations in WwsriUad, the aaeamptioa of iiritish control and Influence in the country waa an Immense advance oa the chaotio state of sflxirs which prevailed under Iioer rule, and materially added to the iatriasio value of the company's assets.

They might look forward confidently to aa improvement ta the character of the Administration, in the laws governing the mining industry, audio the introduction of a comprehensive Government scheme for theaettta mect of agricultural emigrants on the land. The rich lands which formed so large a part of the assets of the corporation would thus, he trusted, be made reproductive. Since the lsst meeting nothing had occurred to make the directors aher their view that the titles to their various concessiocs were unassailable. IteFpecting the future government of Swaziland, he had reason to believe that It had not beea definitely decided whether the country was to be incorporated into the Transvssl, or would be dealt with as a protectorate or dependency but in either case there was no doubt that British control and Influence would be paramount. British trsde and commerce would greatly benefit by the chance, aad with socarity and protection to the white and black populations in the cultivation of the land and In opening up the country a period of prosperity might be confidently reckoned upon.

With the return of peace the directors considered that the period of Inactivity should come to aa end, aad that they should strengthen the company's position by adding to their finances, so as to be able adequately to develop the important interests which they held, and perharx to add to thea as properties and concessions came into the market. The directors therefore entered Into negotiations with the African and European Agency (United), and finally a proviidocal agreement was entered into for the purclase of the remaining three fourths Interest in the liquor concession (this company already held the other one fourth), a sum of 100,000 in cash, and th option to purchase the assets of the Forbes Beef Gold Mining Company. As consideration for the purchase the directors agreed to give the Agency Company 118,110 fully paid 1 shares, sad an option to take up an additional 77,000 shares at SSe. per share. Yor the acquisition of the Fbrbee Beef property they agreed to pay 35,000 la cash and shares.

The shsxeholders of that company had confirmed the purchase, so that the Forbes Reef property might now be considered a part of the assets of this company. In order to enshle the corporation to carry out the transaction the directors resolved to increase the capital from 300,000 to 500.000, which, should the option of the Agency Company be exercised, would leave 11,500 shares for future ismie by the corporation. They would now have the sole richt over the whole of thelMToortramcof the country, whilst the purchase of the Forbes Beef Company's assets would give them the sole right to work all the minerals of any kind and all mKinj. rights of everr deecription for a period of 81 years from date. The Forbes Beef concession was 5X2G3 acres.

A coasidersble amount of work had been of the rxrrchase norsryvcu not received cntil the fatsre InsliimcdJ came la. la all caaea 10 tier cast, was rev able, aad the balance was due la narterfy tnsUlraerrts spread rer fire years, though many of the purchasers preferred to pay cp ia taU. the amount oatstaadinf done on the property two 25 stamp botteziea erected, and gold of. the value of upwards of 250,000 had beea taken oat of the reefs. The expenses of working were ridiculously small, the cost of raining and milling dcrisg the six months ia 1S9G being Is.

3d. to Is. 6d. per ton. The directors had been recently informed that other valuable goloVbeariag reefs had been found on the property.

As eoco as communications were open and available it was intended to proceed with the development of that property, and also to deal with the YTolveracd Mine when the proper time arrived. The pcssMsiou of the substantial sum of 100,000 would enable the directors to prosecute a more active policy generally, and not only to open up their mining and properties, but also to take steps to make some of their other concessions practical successes. When the purchase had been completed the cash resources of the company would be very strong. They hsd 10,160 in Consols valued at 9,500 and they would receive 100,000 from the African and European Agency (Limited). Yfbcn the option on the 77,000 shares referred to was completed, thev would have total rtu resources amounting to I8Ipfl and 11,500 shares in reserve.

Be ihought that the directors were justified In looking forward to a period of unexampled prosperity in the country and to a prosperous future for tho company. Mr. George TJ. Raw seconded th motion, which was carried after a short The resolution approving the conditional agreement with the African and European Agency (Limited) and authorizing the directors to cany it into eSect was also unanimously agreed to. Drsorrcu SrccBmrs fevrsnrorr Cowaxt (LlsmTD).

The report for the fix months ended September 30 states that out of the income aad profits the directors are paying interim dividends, st the rata of 4 per cent, per annum oa the preference stock and 8 per cent, per mm on the rvdinary stock, carrvin; C0O to reserve, raising it to 62.850. A valuation of the securities'' shows a depreciation of 4 per cent. This depreciation, deducted from the general reserve fund of 20, leaves a surplus over capital of QrxXXSLAXD IsVJWTMBTr lUJTO MORTOA.CZ COM rAJrr (Inrrrni). The 24th ordinary general meeting held yesterdsy st the Carmon etreet Mr. Kathaniel Spens presiding.

The chairman remarked that' to outsiders the report would not appear a brilliant one, but in the peculiar circumstances of the company it aCorded the board satisfaction to be aid to show even a small balance on the right aide. It had ben decided to make the beet of the funds In bmd insteed of calling on the shareholders to provide farther money merely for the eentiisenta reason of being able to present better accounts. The company had 800,000 of assets in Qunw Jacd, of which 200,000 were non productive. With the rernsining and about 80,000 in this coontrv, the board had succeeded ia earning 2LG00, which had been distributed among the dehoabire holders snd those shareholders who had paid calls in advance. 3t was after making these disborseincnts that the accounts showed a credit balance of about 0.

Their interest in cattle and sheep bad been reduced to moderate proportions, the whole of the live stock owned by the parent company being sow covered by 12,000. In June last, when a valuation was made, there wss not the slightest doubt as to their 50,000 in the Queensland Cattle Company being fully represented by stock. Before the liroucht net ia two of their stations had been realized, and another hsd since been disposed of. Altogether their risks Vn Queensland bad been reduced during the past year by 30,000. lie then referred to the proposed arrangement for the rerun of a large portion of the sums prepaid by shareholders ia adTsace of calls, carrying interest at the rata of per cenU, and said that the response which had been teueived from the debrnflrre bolders, whose consent wis Decennary, almost Justified him in sarin rl that the sacona of the proposals wm fjoarsnteed.

The escort ty of the debenture debt would not be weakened In any wry. When the debt amounted 1.200.000 it wu aanmd br 100 oer cent, of uncalled capital and 110 per cent, of general assets, whereas the pew debenture deU of wonM here behind it 150 per cent, of uncalled capital and 1C0 per cent, of assets, lie concluded by moving the adoption of the report; which was seconded by Sir II. Seymour King, M.P., and carried. A resolution was afterwards passed, with three dissentients, approving the proposals with reprd to the repayiaentof calls paid la idvsnoe, and affthoriilng the board to take the necessary steps to carry the suae into Sect. Acvnutxi" Cms lsrtsmrerr CbiirouiTioa (Lutil suV The annua general meeting was bld yrster day at Salisbury home, Sir James Fergusaaa, M.P., pre tfitf Is moving the adoption of the report, the chalf Vtated that the core posy's transactions la the pact rear had not ben great, but they had.

nevertheless, been inbetsnUsL The total amount of land sold In the period a onmnrlsed 73 lots, or about 30 acres, and Mltaad was X10.TM. Of thia vurcbase tanaey jSfitt was received, with 1,601 on aeeooat of previous PM HllsllW TTn 31 per cent, iatsnat was charred. The liuui uveal isnts connected with the Walling of the hilly ground at the north end of the Kensington estate ware bsiaf proceeded with, bat this part of the property would probably be bow ready for sale. The board iatued a circular to the shareholders on Aprfl last lnvitiaf applications for the unallotted shares, with the result that nearly 2,000 were taken up. A little ready nosey had beea desirsble for rrcoeediaf with the works of development, which had previously been carried out with part of the cash received from the land sales aad the funds banded to them by the liquidator of the old company.

There had beea a very severe drought ia New South Males ia the put two yean, aad this had been followed by stagnation of trad. The sales of land and the price realised were la these circumstances regarded try the directors as satisfactory. Dcricg the year they had written off from the land salsa 4,000, the redemption rate of 3X an acre for the cost of development of the estata on th area sold. This was a rather severe call on th revenue ia the first place, but it wss rood for th ultimate vara of th property. Accordingly, after paring for these works of development, there remained a balance of 1,112, out of which th directors reoommrwied a divi dend at jhe rata of 2) per ceau, free of Income tax, leaving 28 to be carried forward, Mr.

O. Uardie seconded th motion. Ia answer to Mr. Hoffmann, Mr. Uardie stated that the colonial board wrote to the London directors suggesting that it would possibly good policy for th company to advance money to reeponxSbt persons willing to erect villas at a cost of 300, 600, or 700.

Ia reply they stated that they Suite agreed as to the desirability of this work being one. but that they did not think that th company thould do it. Mosey was now roach cheaper In the colony than it was some years aeo, and responsible persons ought not to experience any dlScolty in obtaining the money they required there for such purpose. The chairman. In further reply to Mr.

Hoffmann, stated that the experience of the London directors was that the best vsy to effect sales of the property wis to carrv on the development work which they hsd been doing. In the little'buiklieg speculation they formerly undertook they did not get back the cost price of the buildings, although uftirectiy the company might have been benefited. A shareholder said he thought thst the greatest opposition should be given to the proposal that th company should build houses or advance money to others to do so. This was special business, snd one of extreme risk. If they built houses they would have a large amount of capital locked op, and thus be cramped for the want of money for developing the estates.

Tie motion was unanimously aaoprea. Sastugo Srrun Courier (Lmmsy Ths third annual ordinary meeting was held at Wiacheeter heuse yesterday, Mr. 1L W. Lowe presiding. The el" expressed the satisfaction of the board at being able to present a report containing results whioh all previous records.

The gross profit on trading was 77,937. After deducting working expenses, depreciation on the stocks, and the amount to be carried forward, there remained a net profit of Two interim dividends had been paid, as well ss the smount required for the debenture mttIcs, leaving a credit balanc of 32.329, out of which the board recommended the payment of a dividend of 6a. a share, free of income tax, making a total of 18 per oent. for the year. During the three years of the company's existence the shareholders would thus have received over 100,100 oa a capita of 200,000.

In addition the directors would have paid 30,400 in debentures, besides the premium on redemption at 5 per amounting to 1,500, and they would also have carried 20,000 to reserve. The shortsge of production consequent upon the scarcity of workmen had been partially remedied. The labour deficiency had existed at other ojiciruu, so that the total production had been lew than was anticipated and more nearly in accordance with the requirements of trade. Thus a fairly profitable price had beda maintained. The profits for the current half year were showing very satisfactorily.

With regard to certain lejal proceedings which had attracted attention lately, he wuhed to tay that some time before the company was established the former owner had a claim against the Liverpool Nitrate Company for treepas. log on their grounds snd extracting a considerable amount of caliche. Th claim wss taken over by the present company as an asset. The lawsuit In regard to the matter had been going oa for about five years, and the latest phaee was the advice received a chort time ago to the effect that judgment had been given by which the Court gave the company aa embargo on the Liverpool company's property to the extent of 33,009 as security for any ultimate Judgment they might recover. He then moved the adoption of the report and the payment of the dividend mentioned.

Mr. T. V. Bap tie seoonded the motion, which was adopted. Caeltos Horn.

(Lutrrxs). The annual meeting was held yesterday, at the hotel, Pall mall, Mr. II. V. Iliggina presiding.

In moving the adoption of the report, the chairman congratulated the shareholders on the growing prosperity of the company. lie remindod them that in the prospectus it was estimated by Mr. Bits (general manager) that th net profits would amount to 40,000 per annum. The account for the first year's working thowed an advance of 8,000 on the prospectus figures, and for the period under rev lew the profits had been 23,000 in excess of th original anticipations of Mr. RlU.

These results had been obtained after making ample provision for repairs and renewals in fact, since tho opening of the hotel about 15,000 had been expended on and renewals. Alluding to the reserve for amortization of leases and the sinking fund for redemption of debentures, he said that at the rate established th company would on the expiration of the leases not only have paid off the debenture debt, but they would also hsve a sufficient sum in hand to repay the whole of the preference capital and one half of the ordinary share capital, irrespective of the general reserve. The sinking fund had hitherto been Invested by the trustees in the purchase, in the market, of the company'a own debentures, which were not redeemable until 1005, and he did not think that they could do better than continue that policy so long as the debentures were procurable below redemption price, Th Item of in vestments at oost represented the company's interest in the Hyde Park Hotel, which was acquired on advantageous terms. The Hon. A.

U. Brand, Jl.P., seconded the motion, which was adopted, and the final dividends, as recommended, making 10 per cent, for the year on the ordinary shares, were approved. The chairman afterwards moved a resolution for extending the, borrowing powers in connexion with the Dronoeeasoauiaition of the Walsincham house Hotel and the Bath Hotel. He said that the board some time ac cam to the conclusion that, sooner or later, it would be necessary to acquire another property in IjQTvlnn in order to establish a business of a somewhat different character from that done at the Carlton Hotel, where they were always working at high pressure and had not sufUcieat accommodation to meet the demands made on them. At the Carlton Hotel they had only 230 bedrooms for visitors, but there were usually 500 people tietiC on the premises, and a larger number came in to sepper.

7b board did not consider that there was a better site la London for a residential hotel than Walsi ncham house and the adjoining Bath Hotel, and In securing that property, In conjunction with the group who promoted the Carlton Hotel (Limited), they thought that they had done a good stroke of business. There had been a great deal of talk aa to the acquisition of Vslsingham house by an American group, who were to convert it and the adjoining property into an enormous hotel, with a vsst restaurant, and tripe out the Carlton Hotel. The directors were not unduly alarmed at that threat of competition, but they would, of course, sooner be without it. The price to be paid for the lease of Walsingham house and the freehold of the Bath Hotel nt The board wer satisfied that they could convert the two bouses into one huge and comfortable hotel, and that, as th result of the outlay which would hare to be Incurred, a very remunerative buainees would be don In the immediate future, Mr. William Harris seconded the resolution, and pointed out that.

In connexion with the alterations which would have to be made for adapting Walsingham hotaw snd the Bath Hotel to their requirements, an opportunity would be afforded the I authorities of widening Piccadilly. Replying to a ahare holder, the chairman said that the complete scheme contemplated to be carried out would cost between 500,000 ad.600,000. The resolution was carried. An additional fee of LO00 was voted to the board for their services during the past year. KtZEXDI (LIMITED).

The fifth ordinary genera meeting was held yesterday at the Osztnon street Hotel. Mr. Niool Brown presiding. Ia moving the adoption of the report, the chairman observed that the net profit for the Tw jil year was less than in the previous period, but this was to some extent accounted for by the heavy depreciation In live stock namely, 1,430 duo to the loss Ol mil U2C1T ouie vj i nm, uirun tae or two other heavy charges during the year. The ore milled hsd shown a falling off in extraction from ll'33dwts.

to 8C3dwts. per ton, equivalent in cash to a loss of lis. Cd. per ten. The costs per ton, however, had boen reduced from 45s.

Cd. to 33s. 2d. per tan, or a gain of 12s. 4d.

per1 ton. In the last quarter of the 4sancial year they reduced the cost by 10s. 8d. per ton as compared with that in the third qoarter of the same year. This was chiefiy accounted for by the additional stamps running during that time, and by the full use of the electrically transmittedtransmitted power.

The difference, however, was more accentuated if they compared the first quarter of the current year with the first quarter of the past year. Th gross profits for the quarter ended September 30 last amounted to 4,833, or at th rat of nearly 20,000 per annum, against 13000 but year. The directors, however, were looking forward to increased profits by the dropping of five extra stamps, making 20 In all, by th operation of the new slimes plant, by a better extraction from th sands cyanide plant, and by a further reduction of mining costs. Th redaction of costs had been the chief factor in their profit making, which had now com into action, rather than discoveries of high grad or. Jiot only had they now.

turned the comer, but they were now actually making very substantial profits. Before he left the mine their manager stated confidently that be would be able to remit to th board at least 2,000 per month regularly after January 1, and this would enable them to pay oil very rapidly th loan of 12,000 which thev obtained to get the necessary plant for making those profits. As soon as that was done all the aarnings would be re for dividend puiuosea. Mr. R.

G. Elwea cava the meeting technical information regardisg the work. at tn mine, ana statea uas us ore reserve nsa teen increased from 27,000 ton on Jan 30, 1DC0, to 38,000 tons. Mr. J.

liecuora roster aecrmflen ta motion, much was carried after a short disrrrarlrm. AtaoexxTXD Tut bum or Crrxos (LnrrnoV Tb seventh annual ordinary general meeting was beta a Cannon street Hotel, yesterday. Sir Alexander Wilson neaeidad. and moved the adoption of th report. He observed that th board had made up their minds to abandon th cultivation of the Horsgoda estates, th ef expenditure.

Ite though they could cargrsfnUte themselves CDrahavinf the other states! ia aa rood a condition ss ther had ever beea sine th fomzetlon of th company, and upon keeping then up to a fall yield condition, rievr arranrsmeals mad sine th last sac meeting had resulted la eoo sctaiea which would be more clearly shown ia future accounts. Th gross reran realised for the cotupauy's tea last year was 627d. par Ih. asa cost, aota ta irfmoori, rnanatag expenses, but exclusive of manuring, was iSli. This showed to what tea growing had coma.

They were working aspro dacers, having sunk their capital ta the Industry, for a profit of Id. per lb. This was upon an article which bora a dory of id. per lb. He wished th British grown tea could be freed from this tetolenbl Impost.

Unfortunately, the prospects of relief were somewhat remote, bat he thought it highly prebahl that there would be some relief in the comirg Budget. The yield per acre ef 4041b. was fairly satisfactory. Mr. A.

Bethane. in seconding the motion, said it was evident that little could be done la the way of dividends with the present level of prieea. The company had first to get rid of the oepecse accounts, gomethisg In this direction had been done daring the period under review, and more would be don during the current year. He believed that bef or vers lone thiuw would be a Mr her level of criccx. Tho engaged in the tea industry were snQariacnow from over production brought about chiefly by th heavy plantings in India tad Ceylon la 1S87 snd 1894 In those years about C2.CO0 acres were planted in India, but the extensions in that otmutry had since gone ondeereasiB year sibrr year, laregara vo layion, it was generally oeuevea laMlnelne lan that in the tutor the island would notarnd a much larger crop to London than it had aset during th lsst two years.

Exports were going oa hugely from Ceylon to all parts of the world, and there was a new movement to make green tea there. It waa prebahl that next year about of green tea vnuld be made In Ceylon, and this meant ao much leas black tea to come to Iandon. Tha motion was A. asd F. Pruts (LrraTTTS).

The tenth onflnary general meeting wss held yesterday at the Holhorn Restaurant. Mr. Thomas 3. BarraU. who presided, said they had now completed their first decade as a company, and he thought it would bei admitted that the trading result during that period had been satisfactory.

Within a tricing amount the ordinary shareholders had had the whole of their capital retnraed to them, the dividends, having been at the rate ef 10 per cent, per amram, In addition, ample provision had been mad for depreciation. Sine 1893 the bonness had gone on steadily Increasing, In spite of the exceptionally zees competition in the soap trade, and the company now had by far the largest turnover of any toilet soap makers in this world. Th diminution in th profit was due to a cause which hsd affected the whole of the trade namely, the high price of raw materials, especiallv of tallow. During the period undr review the cost of raw materials had been 10,000 in exoces of what it would hsve been if average prices bad prevailed. Ha felt sanguine that when raw materials were draper the trading results would show an improvement.

Dealing with tho accounts, he remarknd that since the formation of the company the bad debts had been at the rate of only 21a. per week. Against the 200,000 of debenture stock there were securities which were worth at the present time from 150.000 to 160,000, leaving only 40,000 chargeable to the whole concern. In conclusion he moved the adoption of tho report, which was seconded by Mr. Frederick Cordon andcarried.

DrVTDKXDS AJWOTJNCED. I5fiu XaVlOATtoM ass RarxvraT Cox rANT (TJMrrrD). The directors have declared an Interim dividend of 3 per cent, on th ordinary shares, payable on November 21. Tw Kt.ktro Susxso (Zjssoxtb) Cojtrajnr 2iiitrnD). Tho directors bars dedarad an interim vidend of 7s.

per share. Gloss an Tvvsax Gou Mixrjro Coxrxsr (LnfrTTD). The directors have declared an Interim dividend of 10 per equal to 2a. per ahsro, tax free, for the half year ended Jane 30, payable ea November 14. Estwistlb1 AXD'STKrHXss (LlJmr).

The directors have declared an intoriro dividend for th first six months of the current year at the rate of 8 per cent, and warrants vrill be posted on the 31st Inst. Bcshhx, WATarsa, axd Smith (Lnmro) A dividend on the ordinary shares at 13 per cent, for tha half year ended Jane 30, mr.Hng 10 per cent, for tha year, is announced. AcsntiUAK Ehaxji ErvnitUTK (LrnmnV Th directors have declared an Interim dividend at the rate of per cent free of tax, payable on the 1st pros. UECSSBt, MOND, AKD Co. (LIMITED).

The directors have resoPvod: to declare an Interim dividend for the past six months tt the rate of 30 per cent, per annum on th ordinary shires. This Is the sam amount aa last year. HOME MABKETS. GSAIS. ixnroox cm saxnet.

cm. snu Th wiibest awAartal alterattos I aaeaoel stO Wostssfcw taSr prices wsold kv ft said. Tie St Aeae, bWdtarCa.as4AasvJSaesisr toe 314. WsD Walla. sly, fa 4 st US.

ber a 3h. ssftCeatfur ltevsejaresas.al. Ter red Walls to Qac. So, 4H4. Is sake.

sad JSC SA. lor StstJ to alas steav Tt aiorto. Ortiatr. CersatXaa.f aa4IaaVa.preaMMBbS. tlneinsm Wa4.tUv.

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Tx OaoSoro. XJOJ taw Sasaita. Seat Ft. SU Xeveeaker. said a Zre.lH4 rancla eatst, KJ QaVCatovtU.

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ar JCevamber DeocBbar. Coasts sUspars mi ill Panel Sr. TeUew I Berlins. Jeaearf. said a 1 U.

ymllm La mta.loedlna at.iOiia,osaissr.st Ss. TH4, 1 sad bLjkI Amrrlras. Jmmwsj, attKd. CaJaatta, Xeranber IS. reilUatl 2Sv M.

3tar. Zls. aad 2b.ii.rmtm. Uvdy to Clurae'. rcrraaa.

Thcal sreaat steady vtxa.vaana at gn eaa it bit a rata ef Jid. to bat so tiintnm mmUed. Tradlec tbraasBaat tfeeseaaVsi Las bam vary slow, sad atth sab a rev load aad Mar a Is. ISA TelaaadiiraiiJUdjWUotMtS AJiar emeUl kears Daravaar aold at la, mV, aad atar st 3d. Ooatncu ntiataral atata eoatlaaai SSsacr.aat valaes in ealta at last Cal la.

VO MaHa. TRAFFIC RECEIPTS, aro tha receipts of various rail ways for th week ended at date or for tha period named 1X2. at Boathera llahla ttlaoea lloemx ArrcsTmrssds Ditto, Urtat Hoathtra litto and PaoUe BvruaM Ouiadlin Paetas Oauuml Urncaar I 'It to, Kastera Ditto, Northern lHtto, Wcatara etnrinnatt hoathere mm Kics Cuban IcatrU m. m. lMlbA Cnballa rattlodlaa jilre Bio laiemreai of isaslce IwpotUla Ueiicaa (HUtau Keark aad Caat.

Ansulial I Kmta Usbar (oatfcra Mktratla I'nlted of Ilavina VUlaMarU Weal I'laadars Ort. 2S Ost. (let. a Oct. ept.

27 MPt. OrC 7S Oct. a Oet. SS Ort. 5 Hap.

Oet. Oct. IS SS Oct. ZS Oct. Oct.

tiet, 24 Oct. IS Oct. ct. ts Oct. 4 Oct.

4 Oct. IS OcU 25 a rt. 47.011 CIy.718 4ss C7t5 tsnure tlLKI C9.C60 j8.M9 S.l.06 Saxeun IXSA 354 tn.n 10X71 o.7SS 1,295 ia awtm i.3 Ejl3 10 mfnn tiiis t.3fi0 tnjrs, tn.ooo .334 40401 lU.14.ra vWd of which had been dwtndilnc from resr ta rear, snd tfro Ujd rpdncat rreflrnrli The receipts of the Cork, Bandon. and South Coast Railwey Company for the post week show an increase of Belfast and Northern Counties 307, Rhoadda and Swnrtxea Bay 278. Brecon snd Merthyr Sl, Dublin, Wicklow, and Wexford 43, and Cambrian 13.

Those of the Mersey Company show a decrees of 114. and Belfast and County Down 103. The gross receipts of the Trunk Railway Company for September were against 437,100, the working expense 301,000, sninst and the net profit aninst 168,200. The gross receipts of th Grand Trunk Western Company for September were 31,300, against 84,900, and the net profit 9,300, arainst 17,400. The gross receipts of the Detroit Grand liaven Corapeny for Septrjnlcr, were 24,600, against 18,100, and the net profit 8,700, acainst 4,500.

There were 28 davs la 1902. compared with 23 working diys in 190L lne receipts ox the Ixinoon Ueneral Omnibus Company for the past week show an increase of 2.431, and EondCar154. The receipts of the Barcelona Tramways for last week show an Increase of 347 and ditto (Knsanehi) 30. GEEAT BRITAIN AKD BOLIVIA. TOTUEEDTTOB OP THE TIMES.

Sir, I was much impressed by tha publication la your Issne of 27th Inst, of the paragraph therein Inserted under the heading of Great Rrft'i and Bolivia," every word of which I' can endorse, my firm opinion being that the appointment (a long felt want) of a permanent diplomatio representative of British lntenwta in Bolivia would be nut only serviceable to those enter priaing. resioent unusbers who have Invested their capital there and made that country their home, but would at the same time develop to a very large extent the bonness relations between the two countries, the foothold obtained by Germany being mainly due to th fact that that country is not only diplomatically repre rcaied by an Envoy, but by Consuls established in various towns, in which as a matter of fact other countries are stmilprly represented, much, to the dotrimcnt of Great Britain.which, for all concerned, lacks such diplomatio or insular agencies. Mr. Eenelm Vangban statement as to' the fact that British subjects are treated with great consideration cannot be overestimated, snd has been evidenced by marry Englishmen, wno have gratefully brought it to my notice In the cfiriai capacity vthich I hold in this country. Yours truly, PEDRO EUAREZ, Consul General.

Ccnsulado General de Bolivia en Londres, 12, Fen chnrch etreet, E.C., Oct. 23. The Coal Commission. The Coal Commission sat again on Tuesday and yesterday, at St. Stephen's houao.

Westminster. Lord Allerton nrasided. Ihe first witness called on Tnreday Was Mr. red Hewlett, managing director of the Wigan Coal and Iron Company. 1 ie gave evidence as to the workinr of the collieries of hi company and put in a number of figures showing the comparative cost of working thick and thin seams In those collieries.

A period of SO years was covered by the figure submitted. Mr. W. Smith, renenl manager of the Rhymney iron Company, gave evidence as to toe waste involved in too working of. Welsh steam coal seams.

Mr. Alfred J. Tonge, general manager of the lhxlton Collieries, Bolton, submitted evidence as to tb cse of hydraulie cartridges in thee mines ia substitution fjr the method of blastlne with exnlosivaa. TS last witness of the day was Mr. A S.

E. Ackarmann, who gave some oeiaus reganung in worsang 01 ecal cottias; machinery in America and also aa to the thickness and Quality of th seams for which such machinery was used. Yesterday four witnesses were examined. All are experts on the subjects ocait with, and th Commission followed the course of putting to each of them the same series of question. 'The witnesses were Mr.

John Gemmell, mining engineer, of Edinburgh Mr. James uuuiwo, mimufi au vi uuigov rroiawar Galloway, of Cardiff and Mr. Thomas Evtns. of London, who has had experience of th Son Wales coalfields. Th traestion ssked had special rsference to tha subject of waste la the getting of coal, and all th witnesses (in a varietv of renlie traversinir a varv wide area and differing widely In form) wer found to be ia snrsrtiTitlsl agteaoen on th point that existing tystem involved very considerable wast which, in their opinion, might cooeaivably be avoided and oorht certainly to be avoided.

Their evidence pointed to lb Imperative seed of Imnroved methods, but the full replies to th queaticcs asked cannot be communicated penaur aeuuta punucauoa ox, tie vosa osaioa 't pror am ra.aarJas.tm. serf aisles. XavctaV 'sassieaa. aad asa sane aad sad era at a refriial leaasssasadee Saaat "Uavs Savaaveaar SaOeao Pr MrTVti" 1 BSHt roBzzax peodcob. TjUSIXM.

Oca. an is alaaat ae la steady ad. rrjrXAt qaloa. uluai aO as aaasd. Tate's cabea, U.

it aad 1 U. OS. LfW. err aad oasMla Id. aad Ms, Td.

I eaatar, JMd. i aatta. aaa 11a ns. yucym 1 1 iiiiimii, ia. Md.

a trmvalkj at the datlla la datawlnin i aa Saao dp aa ta tout tatat siaat. Ta Hmf sa a a n.TT 7Te aitaatfaaraaf eaywa. cmatpatHtia Ulrtl aa aasw.g a a taiHuiiianoi at aeaaml iilnili Jtav mill Ham a vera rslarr Snaar. Ia ZasU sat toiOar a iTJT aaasaaaassafiandlaraattaaadaaila awTTT Tva altaaaxk a Saw taaam have math Tl I arteaa, bat tha kttar I BMasesasef saadta fitsaalai eav. mm IM a ta, sU ta.

SJ, ta tjL sad valaal JaaaaTraeao, i. 1L to IWL leuKaedvalsst starea aUr. ta. U'd, aa3ar to aw lWd.aad aDara.tAa. x.

oat at ca. sd. taa, aaMta. unr; aaa tad. stonM aad Xr axr.

1 4Sd, aattara. I a. aaicl al ujiilua rata. uavi wm a OrUk O. Octeae raasaar.

Ia.Jd.sal rraaaiat' Parts. ta. Uaatsars. acTM aaat. Klin aafwr araate.

ataafnal. K. i errata! ka SarU an alter earUa a. Octaaar. kf.

Sm. Jaoaarv ataRa. LOe. Cane aa ti frai bst I Barrsoovaaaa ad ta aad eata(sarnlraera)srteasta war ISd. a talrlr rand aaaV arwpsauar.

Taaanai tha cs aa tare in a a amw aaaiil.iad M. todf tha ka ra rraJad.t a I too caias aSy. JaJa I fnanffe Oetcbar at h. tSd. I aar.

7. eaa.1 I Ta Wv. 7. as. ta 1 i aoaarr March.

Ta to to Td. star. h. Md. to Pad, aad a Ud.

aad rVtSA) 'aifaLto adK0ilealB(atlW aad kayamato 7s. aJ, ai De. ta to on. Dm. alar.

tal tj? ll lnd tl AI' Frsv.aar Uti Ul LZH JH JUsiSTtmiar. TIt crtxna, lAJOOu. Kavaa aar. tali st Uill. AatBoaaaiaaUsttarl7.U.

asdtv oatlfl aa. DaaMskar Jaaaary, far IT. THd, aa3 tor I latter eaalriv. Jaaaary rbrarT.17.td. Ubld.

A aaatpoalto carve ef IianOoT.Daaabe barley and 4JC Oar. Glat (Balsa, par Cnatla onaoar lAaotd at OaXaal2 4vt nrngmctt valr. Panels Ortestt KUolaeiS, oa vaaMC. st th. uAvaqawv tun, a ia ma m.

im tUkUi abluLlbaa.i aar aaaa. tv Kaabai Oaatar. at M. aadl Ua.t Daaata.oaBaaaMS,atl4.Bd, aal Na. J.

tilte toriiaj aSoat. at iim. ia. snd ie.4hd. October at av, WSd.

KaTt Kotamber. 1 Id. to 16a. tSd. AtMAHK uaatliaatU aura aaaulL KarBAatieat rated tesdi with a fair Mr Dir.

sod foraixa va aooMatat taactlv wlta eat altemim In valoa, 1 aero a ot aierk bainea la Aawleaa Soar, bat baker aero tparlacjy atfared sad flraUr arid. OtMr rtaii ilnlL mailf tnm wttA aort aaatea al pmlsu rata. Umhm baa satie aarsatoviaf to tlx dlinlalsbed toct. Han an pea stmdf. Arrival i Wlnl, Buur, KJ40 sact barUj, tUtOqr.

aad oats, SJSftar. UTraroot.O22. Whsat. Aided btlmrnka advler from tb oUar th marke ba ttncroaad to a soarsat xtt. altaoash tradlus senerallr rvamu oaitt.

tlpot parrel aar alav. cat a tread UN utfu, aoa notarrveraaira prrvioaa raKs tlobs. lied Aawrteaa Ivtsra epart leaeUv. bat wftk btijtn at HL sttvacc. Tbe ssarke rabx I llrai dartns tha dy ealas to fe oBarluc.

and tha call aa additional rla of to Kd. aa resfevmd. Katler cablM later is tad a (slater feehn and tb rnanet cum auie tnn aa wa avarr if.iuay. naita, letT. fa.

llnA to 5Sd aul Wuxb. 5 Ili. to im, liyiA. Wbt carKoH qairl pat tcadr. Hdkr af Cau tvslan.

aftnat, at at toS Walla WI ead, for bia tnent. 2a. 4'd 1 ahJto, S9. at Wana '11. pari rd.oaeot, eflored 30.

Call lorn hat, prr Kt, Asae, eoaat. told 30. UVtd. Parcel Oraer, altanarh ealet U3tr. I rd stalls.

aped farcal ef Blver Ptl aoDlleved to rmvv dawa wa oatns tdtaa reartk ef vard aad a fnrtber eonreaaVat of 4. par eeawl at er. AiUfteu auxea vu tcare. aeaoams lu tbeesimtoptloadTevdSd.told. Earepe mA Kij without ehn I earn jexterdxr'a eurmjcie.

Mtied Ajnarlcaa eptktia. idiovios id anim ia ABierica. rvactra a. at ta aaeauis, later ta th dr Ibia lea am reeovared. and at th altacaaon rail uew rrop paaltioa bad buy or, at aa otvaaional rlat el aver bwt alrbt'searreDeie.

1 as market cloned steady with aaoutiona fid. btsbvr than yr terijj. Oetobrr was acata Rtrour, aad hon paia a rartaer aa. ptr oreiai ururaai reu rataa woom their eoauaeta. 8.

125.030 onts Octobee. im. lOVrf. to (a. and Jqbi7, 4 red.

to 4. 3d. ad a to. lloand raHoa optkjc. baias aoder'tb easte lednanar wbkch affactad estxad Aorrtran.

lot per cantal at tb opaadvr. bat wltb borer pra drtfrlUnc a rally eaaaed aad valae caaved apvarda, eaJ auota Uuc la lb afternoon thmfaf an draBM of Sd. over ial tal eunmcle. Thiawa mai ntalaad to ta end. tha aaarket Uoaias tedr at M.

over veaterdar. Bale. 100.000 rat a J. Korcatber, 4.d. totalOMd.

Ualxe parte! Sraier 1 260 toe ol La Plate, oa paaaaxe. cold 22. ad IXOOqr. of Asserleas ailaad. iieraater.

at it. 9d. Fioca a la quiet danuad at late rates. Psas a liaaJia alet aad ocaltarcd. OrnciAb CLOataa) QcOTATioas (4 ISrjL VlUT.

I ItarSB. I atlxadAmce. I koaarl TaDoat. naUvarlae, Pea. Mff.

I ja. Mar. Ta dr (JOHV. SJliv. 4 5,.

4XHv. Prav.car. UOv. 3v. 4X.

KrHa. BOSTON. Ost. WkM Mttr condlMon aad aura freely odarad al 2 Id. aa nils.

Othar artlela bad a dall market HRIDGWATTR. Oct, tl Wheat wu very ssahasly affarad. and ptloa wer malattaad. was i Whaat dall aad analtnad. liarlcy ttoa at danllo of 6d.

to 1. Oat, dall wt loaer. Wbeat, sverarari. 2d. barley, Llir.

i top 29. (d. imaii am, so. I eat. MJJr.

top avcraca am. a. OLASGOW. Octia Wb oalat wltb srlee Sd. par JSOTV kiaar.

atalu dall at tbe mm. a. Una. Barley ualer. OaU InacaUs.

carton. UTXT.POOU Oct. 21 Tb po aaarket epaaad very ealet, vdlh ao pereepuN lacre at tb aemaud. Honor ta ey, aoaavar, order cam la awca fravly, aad ia tba and a falrtj larva baatnaa baa faaca aoam la Amarleaa at a dec Una of 2 lmlilJllnrj4.fSJ.L doath Amerleaa beea seflaetad aad eeotaUoa at Braalllaa dm tar laaairy aratsRstaia dull. ITatnrfla ooenw oa clacoaraflBa' aaol bs sad lb mere favearable weakly CfrovaraaMat raDort.

OsaBla arl boad a aVelina of 1 nolnt and dartna tba aaoralna Saelaatad wtLhm aw barrow limit, tLa bnlna dolnx balas am all asd spacttlators dia IDCUDca to aascr lata aonauiBaaaiaa aa aitacr noa, ia snaracoa broasbt saora setly tradtns. eeanlac sable better tbaa lootad tor ad braasot oa barlnc ordv. Tbi. aitb eowiaf by local batn, ladaead a recovery el 1 to 1 poutta, Oetober Koveailirr toochias 40 ad Jaa arr labroarr 4.M. Uoabu prlee war lUsbtly below tb baa, bat tbe ton wu with valae praettMlly saKhaagad oa tba EsrptUa fatare hsv bad lea tattv aeeaion.

bat tba awdsr a'. a Snal valaea ana anchanred la I aolaa itaaiea al tJA tar October. S.M lor hovnaber, A27 tor laeaabar, 4JS 24 lor I'ebmarr. Marco, A wU. od Mi iy.

To day's tender at th Otarlat boaa aiaoaaiad 800 bales AMrteaa oa saw docket. The aalee were eat I ma ten ml IXXC bale. hvt3Tlef 500 oa eaacala uoo a toraxBork Sale. Baaa. A Exp.

Tjapart. rpa itjilli Se far fa tu ae far To day tbi Te da tbi Ta dar tbts vacs. weak waek Aadea 1,230 34.060 600 2.2D 11.4SJ ,22 hmUi Aencaa U'O UBt I.tll brpUaa. IU UW UTS bur la. 20 70 Total tela weak 10,09) 37.000 M0 2.300 1 VUt SAX lolallutwaak 7J)il ZtflO 603 200 24JZ7I )Uol DaUvary.

Oetohar Ortoher Nsv. Bax eea. Fabraarv alanh Marca AprU April May aUy Jan late vala eioaa. ti6 a. 4.4S.

G.4S. 4.0 Kslb. 4 a k.3u JAJa. B.43. 4.4J.

Et3a, i.43. kOa. L51.a4.S2 4.41 44,41 n.es eo.ve.ea 4.4L41 14 il JaeaaryPab. (4.4U40,41 U.4L 42, Ml H.4'1 14. 41.

44. 42. 42 Jair Aarost 440 MANCHMTI1I. Oe. B.

Uttl cbaaca ba baaa aamd aaaw naoaiactarar to day. Their prlne are aarvaittaaraUea that there ia aa rroo for any radaetloa bayend aereaalry. A Dwderaia raliaf ba been darivad from trad lately doua. uffar vhich a Uul wbil asa weald bar been taken freaetly irove aacle. aiaker of varloa kind ao knsrr daalrv to aIL Tb uieliaaeaa cbaractar of to dr' aalee to ta4r betas more aaaaarou taaa laaexriaat.

pert occaaijwi I baas of fair xtQ4, Yarn la steady at jeateniai' urea, with a modem taraavtr. 1 WOOL. LrJL'LTf IR. Oct. 21 Tb ohtma of ewataaa baa naraate ta.

creaaed. bat ther 1 atranf raUtiaca to tb blsb pileeasl aicrnu aaoLaod tb farUiev adtaaoe coetemclated ae Ukaly to brine: to pareta toe haired cnaaaiad are aoue aad vary firm, 1th moderat rapolla. Itediam aorti pare larrer taraoeer at fall ret, bat stems cecaabrad are low. alt acb then I a heavy malmlit DctDeatio Dradace as a bettor trade, aailera paor willing to operate. Para ahxt lireiree are earadv, hat oacsas soesiBm uuarrouu.

booaaeaDti saiiiraaaiiaor iraaiyal Later ttlb. bhrofa re coutlaaa depreaaed. Via to aotlr. with aodaaak. METALS.

TnXTJOX. Oci. TL Co The Boarrxt daewkaad a eaeri i. a aoat of activity oa Iral 'thai e. Usrexsa alto pmeoaarnt pa juaicioa aauias pnea ccatiaaau oniop, sMalac ad.

lower, and tb weaker tendency af lea ahtn surkat. epied with th crovlBf dclaea apparent ta mnaumin eentres, iadueed a seeerally besrUh aeotliaeat. bale darbif tba im aeeaion eorarad taaa. A few coral bcrlax ordrs wee la tb aiarkefc la tha aJ mjoa.ailch caeacd ailxhl rally, bat to clea qaicUy atcady at ia. Cd.

decua on tba day. letal taraover.703 ton. Caah and pear data were aold mt tiA. 2 lit. 161 12.

ItL. ad 1. Sd TiJi baa abora a farther asal af activity, prlee darms early wtlpw (alula 13a. to 1 Pa. ovta( to a na ta im aornaclc Cm ICa.

to C3 lie Tlor eJ.f. Kiaeapora. Ta kadtef btwe acala opcrtd three avath' dell vary, which wmi rather freely buorht. bat filuea sahaNiueatly laaated a clraeit lral fjiaa with lb advaaca partially icet after biuloaea ol 3M tons. Tbera ni a fair amount ot.anliaatvrai ea aeatad tjtaata, hat tba toaa a rather uncertain.

orard wa teaaporatUy cWre eaaed, bat rallied fresh pvort, and tha clcea wa ula tly ate al Sd. tale, utriacaai Uia daT. Ca and Bear mutiaml 1 ta. and icree exmth tin 16a, 133. 11, ba and LU1 10a.

lal aaJca. BlXlma, beiUnmeiit arte, ALU. Aj cilia, In tote, 121 to 1111 Pio Isos quirk. getUtmait arice I 6aot a7s THd. I Clceclanu.

62. bematlt. Sd. i Lzandau. Sort loreltn.

13 16. 3d, aenn 11. SrsxTsa stoadv. OAXBL. Im.

valaat maelal CU td. Tnrrtarxs ratber eaaler si I lOKi. to 12a. la Valaa sa. we ir sUvi Sixvaav AIlt ileaiind far tba Tmm a eeelilai I a JJWt An Van ae re araln earertaa eaa I saarxe ceoaaa ai.

jitniiaiaa a veabaar ociivi BlavM. vaeic a il mil WtTinon. oorraa Meade ro.eaa Tnroe aaiUi iwarra. esaa ou lit cam Taiaeaiiwilh US 10 124 U3 i US CLAgCOVT. Oct.

z3j Afiil Vaitneee waaden a eiUarie tre wamai mark to day. aboat UA tea cbaias aaad. Price were inaiaaliii biesalar. aentca. aaa vary are, aad r' nl tally tdvap tba day.

bal Oe veXaad are way Id. aad aramtlto waa ataaaaaa. iw ors Man were reported, sxae with pif Iron trcmblidt 1 bTcecbto Aaaartea. Sate are eastor. a boa I aa vtasr trxoIarsTS ateady.

AaUnwnj qtnat, 3 En. ta 30. arso. 1 par bait To dey. Lder.

Uil UUI ttlli Ulil a.fei.10 QoorAiiusa. Blzi a. Ia at. i 1 SOU. a 2 v.

TaeerUy. Lta rB tTOLTiaiHAllPTOX. Oca. 2J. Tb Aw tdtsaatet.

Wewrs sr arrsasad lor aoaiaanwi' early tirpvl Uaoaxa aaeaalaetarars refaa to cbaase the raU sor aal kwyarv tber twate waera lrcea ataara. aaat a (toady rrwlaetlaa la raa aa. Ceaaal' at Olaeew CaaaarMtadtotawarh Craw! Mlddaaaaeweaa. eaaaaatto aaa aanaav, ia, iim. aHiaai.

Mltd.t Jaaaary.Marra.7a. Ta, sad IW4.I ty. J. lao lual Sa. a la.

OVad aad OwrWPeeaail v. aad tSd. Cccaract reswrcd.rUOa baraStack 112Mtea.raavaa 171t5 leal wae aad S3 aad mt 74. ta llaaam. 4UJ toe ia aiM Uar erau a tear new Gxccoas aim.

Bnffal rlanld n.io.I JwU.aaTlT id. watt chips. 1 sd. dlana.l4. rn aactaa wm war held today aad tba wjarlat pvteatary Is vJet pal te y.

rum epnd y. btSaamad by aavaller raccipt. and rail price to ISd. ad i aaia waa paid tor a or Is aaaatitT. th mariee rleaM aaJO bat anlr.

Aboat lOUka bas baato aold tail am bar. 3 eit. aad Payer Mar, ait. aad valae SjrSer.J u. TSd, aad awrexs.

tracts rest' i tared, 4710 kar. Cocoa caiet bsl aanady. wlt2i nna aalae at lateral. Tsa. Al aetlc rS.B30 paekasa ladlaa vera affeved aad aaltiatpwtfaa adnadlowar 4d.wkAch.

Uiena. hmuaari war ao InaTlTd lent al a Urn aaaatuy was wttadraa taw Sac aowavar, raallaad ran price. Urea. Barma carxraa cparbxrty offered. Ucaar.

Tanai lapcre, Ulr. 1HJL Pearl enact aad til aaers aoasat la. fUM ateady. Of 2S0 bees aavau 2D told. Taa ua.

Aaaow BOOT ealst, bat Irmly held. Srtrw. PrtfTier. Wait rteadT OfT3 bass rtejspoeaB paid rood.lOHd. Pananf boosbl la.

back let. I'l ter aiDesev srerlrM add at Id. Alkeppyhrwrbtln. Pecan of SJ1 bar 171 eoldwitbaatrvaeevaatbvd toMd. aitbsat naerra fair, Sd OyUev )(, aeM.

fair. SO. (Sd. WTaaad. ef 3W ear II aotd rnud.

avd. Ptmento awiat ci 273 ban cold fair, 2Hd. atai kv. 2 vd. Map Maady af 1 pack res Tensas 1 eaae acid i bead pal sad red, partir wonrr, 2.

10L hstmes eaieltef 13 raws Peaap; 1 old.Cra, fa. Gte CorMa evlcl aad 2a. to kmar tor eal kind at a pact 13 aoU bold, aUbl'T awoldy. 'itm. mrdinn ta heed.

S6. id. to tcetlaie, tw. to (Oa. SMibua aad amalt, Si.

I small, (d. to 47. Calicut. reoxU falr.3c. lef TJ barrel Jaaaira jOaaU a SSm.

Qore arms of 44 bale Zaa talear 24 antd i dait. id, privately jaaasry atarcn aeiieary mm a I arca jiay, a. ooywra. rariT. Ccivatteady.

bnl ealy email traaae rtfcjrte are ra JvVted. ProTlnrial aotd al 14. Arnsi las, 14. (d. to 18.

i Ceir fair al at fail rata, amyraa, eeassiaa to tend, aold si 28. to cleared at very ateady rrlcaaaclard. ordlaarv. St, to 40a. madias ta toSk.

I tato varv Sac. Urn. I with era ea uit. liaacaur wera la small sappiv ana aaia aa advaaca I common to aae.S2s.ta 17a Plre Ineee eflaaiaawe la ba drraa at fall erleae lavare. I tcsdy, altb a fair tra pasalaf tialkraia, 4a.

to 11. 1 1 tiravl. i lair. to. Qcunrs eon tlnees laaeilv si eoremal awoaatlaaa.

TvntaOL Wwawree eteadv. ttnvrmtrrr Tlaramheriraflfailei 4aaary ucsDcr, aa. 8a XLIAO. A. rocA briiDee mpaaala; aa tba raatal fall eli aa.

bad fslr orane, 12C. cash term. Patormapoai advaacwaf HI In Caleetta bar asaia rated very tra. ad prtcaa have been further enbaneat, hour a besiae was lea Salea tad ad Vmcmahrv delivery alls, to 12 aad Vebr ary ISX. Call adien aaa ptver er Itevraher, sa.

eaa u. h. I ber. 130. and 12ii I Jenaarr.

lli. end Sehr re. lffie. Si. aad Ut.

6d. March. ISe. Al. srd Om.

QAxsissirmer. OcVbee. toan err, sanlerl tfta and3aia. ber Dacember 'Om, elt. drllvcred weisbt, Hsjtrr Vantl eeallnae very dall wltb vmt tendeaey ta prlee.

TG tetoher Naveajber, iteimer, 40. sallar. al which baalan I remrud to bar beea dm. New ZreUaod qalea. with Mllar af rood fair Welilrvtan.

OrtacDereaiber, al 31 10, and bayer at 31: Jaaaary IUrca. J0, aellarm. At snctlon abent 3,000 balas Manila aSarad, bal tha balk wa wlta balae de October were aitbdrawa al 34 10. Maarltla. One parrel wae aSerad with etwesa rmdltiena nnrmlmt AetHlnaa welchl sad tar, bat Ih trad reseated this tnnovatloa and ab taiaad fraaa barlaf at market prtrae.

A ean lot of 25 beJee, aareiy uir aanuay, waa oaarea on aeuTerra terms, awl witaela at 34. HorulT A modertto eaaatity sold al pre raaets from 11 loe. fee verv t'eMBBneei aa an T0 fie. for a i .1 hit. wm Orntral AaM ie raallaad 31 So.

to 32 I Jcrs ealel asd rather eaatee. Ural aaarr. TTrtnbar rtareiabi Learner. 13 la. 3d.

ao 13 3e at. aallere. ea kll'tfc d. mar as, ucaoacv uoctc cr. Ivoar.

Tb aoetloaa ar pwisrssalat with toed lorn atlUea s4 fslly ytrd rstea. tassso GOIT Sins. At aactloa sfadrsi are barely to tna as aeterday. Plrata bow fnrtber caainct and aeaoad are bow Id. clow but alea eacaat liaa.

abasn ara Tairde a fourths ar now also barely sa to last ala rates. I lilii aeailne con ttan to show tb beat demand. Liirssan fat. Calrwtta, pr, Sd. I ea severe aotd 43.

fVtobar Kovcatbar. 2 aeoepted Ka, uubce Iambee eold eis, ao. i new crop. ev. irl.

sreaptaa ssoel to uampnrs, ess. Oetowcr Mcvemhcr. 43s. gd.j nomhar. October Kevawihai, 47a.

Praaea aew eron. 44. (Vt aller la put a. Ran. ewe, IWeabui Jaaaary.

3 td bavarsi Japaarv Piaiaaiv. 3 iiaraasaD saa. nreera ejajeaua. vewaoaejaavwmaac, ca lew Lead i brown Cswtr flre. Octocar Noeriabar.

2 1HA. paid Aat were, old term, 1 24. setlere. new levma vellow Caiama ytoieraber, 2 Cd, Mller. Aatwrrp I Gaiarat, i mia i rsnca i rarfetax ucvm ar.

nan. ia. txTTra iSDlrm. LaoAam. paaesre.

4 10e buyer loadlor, 4 7a. (d pall MoeemaeraaaarT. be. i tiall. m.

Sa. 3d be Tare i October, 4 2. Sd. ba reriBee Janasry, a la 3d. I Octoresraarsa.

7. Id. I Itombay, ntl. apot. 4 15.

Ode Xavamhar. 4 12. 6aU teller tWemkwr ry, 4 (a. id. Poepvassa weax.

Eomeay lUMatta option 1. ucbeDcr i ud crop, 40. aellerv tinilli Orx, 1st. lea, afnaa. 23c M.

a S. 6d.j Kcwanswr Dacaenbar, 2 7Stt Jaaaary A pel I. 22. IUrs On. aawt, Co I TO a Oil low.

Tear aar is ateady. oia.eve,7iak riTSOUOl elll. ifenaaiaH wiihrjai eaaar. at eartloM to day casta wee cScred and ill aold a 3d. to td.

advaaca for BBttoa. bal other description war aaaltorad. Atattoavdall to Baa, 3d.to7.t hwf 3d. to 3: mixed rrt73 3d. to 3 Sd.

Inicrtor.S ni. to 34s. bona anal 1,3 to S3, at, aooalAal. UTERPOOL. Oct.

a ar aia. Can ana wtth rn I th bcalnca caaalnav Beet epeaed let aadC toftwx, aue. rloala dall at iVd. to l.d. loaa oo tbe day.

Ortooar. 7s. U. I Me ere ber, 7a. Id.

lieeere ear. 7a. ad. i Janary alarrb 7. 7d.

and May. 7uVAm. Tata's partially loaie roe ran. 14s. Id.

laa. Yastarda v' meet, p. cua601kae Miieaold at 5 12. 64, away. 9vssasss ateady.

CoTVoav. CUaaarsssa fir ni. SU kaaa Taarkisa. fa iaasi dull forward. Spot Kirer rista, loam, asada 4 ear 41Qh.

Dcembafslaaarr aotod 4C. nrreiaaL I SMiliieii 4 aar 4341a, PAUt Oil dall. 40 La ma 1 33 10. raQaa KVa 25 7a. and 60 tone old Calabar 15, po4, trasai Taaaar y' lapcrtaj csaka.

Lixtsin Oil 1st 25. td. to 2 Cottom Ota a en st iuaiao. aus ea. liuv eii ae sdy.

TuarTsTle caaier aa eee. eta, ibixrsi aacajQB ea aas Tarktah saada 22 10e etora. cnia.lliUiiulilfrn. Jrlu PROVISION'S. LOXDOS fPaovinowExcHA vaa), Oct.

21 BAcrrv. PrtdsT arrivals frocs Uenmark will be ijul bale, or S63 lea taaa laal week. ncre ra a umitea mrina ol pntinrai wa a xaarfv steady atnas, No.2atS9s,toC0e. To leadtas brand of ia Una ramaasa a Oa, for leanest, wallat ether sr aold at 57s. to I.

Irt.h rl i.m Lasd. Amcrteaa paO ea lb spelare very eareasad AOs. to fla tba market betas' atrenr ssed bv tfi I promp upaena onsx faovea aaa, aaa meemur 37. la. Tb sniaweoi iva ia tna naraanioa "TSUlaSI nNliajoa dlooaat as bean matorlally redaeed.

Baits bar hsd ao sac bl alteration. Aacrka sw I qUl with shurt cet at Se. lodx. Ptcales ar dall a 40. to4 CTSSSB.

Cmi md Uso selertlOBS ae Inn. fare ta several eaae ara betas defeerad aatll tba tmt ef tha aantb. Bast parcel of wtUH eacmxiand 57. a eolcextwd at wtula aaaatltles ara obtainable down to 34. Spot ara verv noaerate ana Dot tnern mora a nan of what they wera isea year st UilJ period, Btocx la Can a.1 a mrm shrlnklnc Tfii.K rlum ba a fair aaia.

TTTTTTlfi nfrf rr jt nlr rtirl nf i ad tb rood wbicb amred froat Baaala or Siberia dortas tba 1 Saw aaakajtea Mall aotd sxeraa. Rnaslaa 1 quoted Sis. to has LIVERPOOL. Oct, 28. Baooa 1 mm As.

bat tb market I lenerslly Inn. abors arm, wtth New Tcrks scare, bal inara cat Is la Umltod rmraeat. Hams ta moderate 'ea. La fair a ale snal ret eadrairv. llatur steed r.

imata Una. Sea. id. to SO, prisi Weesm Isrd. ta.

tofj 4d? CATTLE. rrrrroiD. ot. a To dav mnaivaf ta with edaeadav larl sbnwd a derrraae of 522 besd. mai cd fecaxb Called MslnaalaShwa CumI lieaddea tba jaw wirnneia.

TBare betas rather applies and a fair demand. wtdte sbowlca a bardenlec areuaat jrmtuswnsi rassa uow. tteer and aba, a aaxa ber 250 Aabcricaa las dcnit nd. trda wa very dall al a Lf hi dealtaa. lti Sievlea.

4a. td. aecon d. 4. 2d.

exllsn beat. 4a. tit I acexsvla. la. SZ.

tola. lldVNosbeepaa lb. lasnal. i as, a. 1U4.

CLAKGOW. Oct. 23. TherewTTe heavy ewpplleatf eaHIa, Vat tbe best e.li tyaecaroa. wt.i.

i mifk toaatewithst. "aafs CTVTSAl. MasV Tc asy aa tmtrlna laraa. L000 I Ira atlaeii ttow sad dag. d.

1.4. are an i rabecsf tarn. LOOO Uvevpocd a s. asX sa stow tad daO. bspp BU 4 1 Ferae i aacacai 8a.

aldea 4 3 Dew tear aide 4 44 X. sad U. killed Anrlaaa 3 4 Xfrlc. lUailrtia. mt iiai Part la 4 trua.

Fealch in 1 4 i I 4 Aaearatma 1 I 1 2 I KivavPisu I I 1 4 rk Jisrs Taas iacnah aixxraaaa its Pisa rbalmlal Im i trad wa ww aad ark weak. eeoectsllTaa Ji2' UwrJ raas eaasatoaaad. total aaaal 44 wasra taa urtmahy trawa Uu Lleafar wMhkfaa measly af mdij plaaoa, Iiwsh. ecere. CTvI" per i eavet lUiuaj.

1. per hoa i lartos. 3a ta ii7wln toraj mase oiav (a. to 7. aakfeaa.

Ts. ve Ps. HelsJlT Ure lie. saACa. per be toa.sd.

rilliilLL Is. at. ear iscae aaekcral. Zarllsh. lis.

sa IS. tit par aaa i aoaawr aaia. ca tmxm. a. 20.

taar barret aaddock sir, i 1. Tl 2. to 3. td. I Upaar.

2. to 2a. at, JT. 4 per arere crab, ts. to TA.

beowc, U. to lim, I ptaA, ta, 1 arbaami7t Is. ad. to Saa a. Ira.

to Soar bVwrv kite era. 2 to shrtatra. Tairkrh. LLOYD'S AND MARINE DtSURJXCa COMPANIES. (7X0K a OcTosra 3l Tie total loss of Eritiah steam Ventnor, vra3ej on a voyag ftraa Wallinon (X JC) to nacrrcr one of tnose who lesaraa ess (ties whicq Vt, ham to imdarwTiteTS the rial a of tieir kastrsi wa, vessel was ZfiU grcas tons, baOt in 13GL, and la valnd at 44,000.

ga left WCajton on the Si Icax, Ta crew wera saved, bet th iuth of tb captain wQ it diScult or these fronted to ssoerlain ti HmB, ttzncea of toe loaa, waich, from the rsttsr ef vojage, has cacsed sod deal of surprise. Th TesZxt wj insured rrndersvovege poller trora Slnpor to Jar. Ajiatrslasia, and Ilonf kxaig, by tasderwrixen sad ponies in Lcn loa and Liverpool. The cam a( erai Is not expected to amount to svuv than a few tyJiJ porrnds ia vala. Tb need, waich Is now generall; rfwrajed.

deerening tb river Thazaea and iDprtrra 'K doci: ttxorcxnocation mnit a it Interesting to recsQ given not long sine by Professor Bile ia a psaer ea I re Carzo Stesoers. Iroresor lui a that If one Increased th length of a rtesnev islha louowvng way, crpui oeing consraat, the cast of running her under specified conditions as iHt. vt and speed would be as follows per ton of earn 8 6. lt 3z. Bat if the depth of tha rtcroer wer iarreewd In proportion to tho lenjth tie eot nnCar the asm eon ditiosa per ton of cargo Vfoold be iOCft, COOfU, 7 7 7u rronthisit is seen that If draught be Increased la ercportioa to length tb cargo ran be carried at a te3I acre iag cost aa the lecjti increases.

Ta eostet carrrieir a million cabin feet of carro decreases a Ube increes of aire, provided that its density Is hot sumcient to joea xc sup oeiow in practical) Emu of draught of tha harbour of the ship. Ia tba harbocrs where draajil Joes not allow thine to load ta evita tv STft. Cln. tise 700ft. ship toast fill an with cam set exceeding a density of 121 cutia feet la tha ton.

wbi' In a harbour where draught adoits of loadlax te aft, a cargo of any. density not exceeding codm feet ta the ton may be carried. In all cargoes ef a xasxa density between 71 snd III ccblo feet the harseer having only TTit. Cin of water would be cnahU to kaxt fully tb i OOf t. ship.

Th shipowner of te esy bulla a steamer to enable him to carry as aaaca carra a poesihla for a given aim, and If that mctjalrv Irepa him from entering, th fort of London he will to some other port, to tbe lasting detriment ot i Hcjbiax GBArx Adcltexati oit. Our 06aa Corrtaponda writes, rmder data October 3i E. Witt only recently again Instructed the Ode Bean Contnittee to investigate exhauttively the rpetrtica grain adulteration in South Rnralim ports, rerrfnwt.htg th committee to discuss tho proposal pot forward Vf th representatives of larnrkra graia inrportars, vUca sugnsted tha imposition of severe penal tie a dallorraenU as tb best mesn. ef rhecUng thaiexistiag abuses. I learn to day that after hrvesUgatiagtuto th matter in, cotarsitte the) tlecixion of tbV Botm anthorities here practically amounts to a ao aommas.

Tbey declare in offset that they are puaet a ali 1 par'l' clelinoaTnta aad to taita upon tha stsaWas ia their corporate capacity ta retro bility of tastiiag to tbe correspondenoa of bill of lading oaantitiss th qnan tities of grain actually shipped. The rnmalqa is to day forwarding its views to ta Rorevlan MUstry Kasac. Tb only really positive suggestion riefin in iu report Is on likely' to prove of liuls to Tnaotlcal avail. Tb tnrnmf tte otdnea as Kmc tionsinthatnatterhad better eonfin dter nnmmlttnei or vouched for bv eon petent trading house. In face of tha repealed mad by forvdci ffrain1mportrn.

bamxlnr hot sentatlv Bonis coaxnUUees. Ccmsnls, and even rutasa amenta of th Bo ni an Ministry of Itnanc III Tatlstchaff in Ixrrrdon, a mom. eriergetio dedsica nisst certainly hare been expected from tha powwrfal Bean Com mitte In Odessa. Tb beat cours to pursue It ta matter now ta presence of such extraordinary o6eai apathy to th vrelf ara of Bueala's grain trade with Xsveas would be to put the. nutter directly in the hands ts Romisa Trad snd Ccrmniarc Defrtment of th a Minixtry of Finance.

It aeems horwlesa to axTnetary real si'trtane from the local atrthodties at th arat CHUsXH SOCTXTT JOB PsOMOTIXil KlTDItae 19 ASIslAI Th Bishop of Southwell presided yostavtar at th annual meeting of th Church Society for ftw moting Kindness to jtnlmsls, whioh wa held st QnrcV house, Westminster. Th Bv. Y. Lawrence, the law. secretary, read th snzrool report, which stated thattk obect ef th society was to prevent cruelty 3 is by tb systexnatio inculcation of the Chris a oUipaa Incnmbent upon all ot showing dn comid ration for s3 animals.

Th snccmsa which bad followed the eCort not onry demonstrated its need of betat" also proved its action to ba of local, natioasl, let claaae except Det Boot en aa Irish. ru M.a. scare snd dear, larr a there shew war oa oCer. bal arissa alU al market, US a limp. I Id emir eaad iOa.

to (1 Irtjb, tolertor to top. 3D, to 6 wbito t' TTn leoradary to lop, iwd. to Ji. per la. and blsek.

la Vw tolnZ ao. aaea IXtCiyTTR. Oct, 3 There were Urr IN aauecs la niai arawHaiai. xsere ae aniilnala m4 anea of buyers and trade was rerj a)vsrlb 20. tot nsz hand towwr.

Cbote. balloek. M. to tJvaw I ms1T7st 2 ec rf iaVtoSHd. loaws IUbLtattb wvUssniraaa.Mwl.Uwl.

Calvaa a sa to Ifta. per in. day toarvirauadrw ft, 1T7 namiaq and saada d. te to iSm "IT JZ Sa. I aarxsrvMe.

ta 26, TaadaarSerT Ttflranm I IT 1 7iT i per I. aenrvplrvXa. toat. saeka 7 a. so.

tola. so. per i MiscEiaAjrEorjs. XOCIDOX. Oe.

OoAXtt to dsr martad aateuaeda wedaeadsy arrraaa. and thmS kmv an mad any fart aw a7v rersar saw attention and raied stau. Ut eswukMMM. rortad aold. Kne.

llonds, area vTilvw5 mT iia! 'sl aateea er. rat err, a follow rBctlc. 8 loa ysrjssw. fm Hartlepool sad Tad, tSi i. am.

la tiahi. 1 TbaccrlTts, bu m.uwvwry (toady aa ta ar tor lay ana an lsnperi importance. Existing aaoeiations with sua' objects Dad don ranch, but there was still wxiauif local agency la every parish. In aiding tescherl tie society had continued iu aSorts to Indue the Board of Education, School Beards, and all school sAthetitva to require tha delivary of set lessons oa th elairaf antmali. Jit ito tho transport and car of animal sfof 1 prrrpoaes of war, the society asaerted that ifpropM cern for the well being of had domiMt th rnooedmgs in conrwxion with th prvpsaaos for th war, several disasters would hsv mas averted, an inca olabl amount of raflsrisavt snnisa avoided, and wiiiirm of pounds saved.

'All frss of inlmals must wish annceaa to their efforts to eoccsxrtr the substitution of motor traction for aaia tracts. Soch a snbstitnta wouid ba the neon of reducisj ss suffering which accompanied tb life of the vsst siajccty of horses. The report ccrndemned th shootisg gel and other birds in order to meet the dtnsad innrdevotts millinery Th chairman, in movagw adoption of th report, said that Uu Ckrletiaa courtr was still in great need of soma kind of bring horn to offeodera th knowledge cf OrisO laws and kiridrstas. It waa on of tb objects of ta society to do what It could to obtain Ugialan spat th subject, but that was only on branch of iu They could not expect to prevent cruelty to mniamisW legislation; in fact, is soma rases it mad mora actively set upon reeling tba law. BJ struck by what had been don la Loodan waara tb prevention of craelty to animals, and be 4 that the eocntry could take an example from it trite addressed the mad tb report waa sdcTed.

A vot oi. tnanxa to in chairman closed ta proaw New WoKiKt 42ss Dwzxxnics i Fascbas. Mr. Edmund 7 rnes, Miyor of StPsaas, yesterdav afternoon laid th foe tataon sto a of Gi ton bnilaings, a block of working class crailiav ara anou 10 ce erected at to corner 01 ur. treaty Pancraa roed.

The mayor, who was scBeai4aej" cy Jdrs rairne sua Us town clerx, saa manr of tha borocrh council, attended in itaia. Thsfcev 1 Ensor Walters, cha Irmanof thIieIsealthCoiii In riving a abort account of tb origin of the wua said that th bnildiags they were about to arectosu" site formed part of a scheme own aa the Ben toay ao and Prospect terrac Improvement. This weaM sma that 147 persons la what waa perhaps the avasatsj tary area in ue wool 01 ixntaoa won rr Tha Improved dwellings that war to eciad ss two sites would provide accommodation foi 'a people, aad it waa to bona 833 of thot thutkeavv buildings were to be erected. Th sit had and th contract accepted for tb building immtJ 17,704. Thy did act antlcipaU that any fail on tha rates for than buiidinrx.

The agreed eg; Lord laosebary that tiey could not raise sa in to siams ox ioaaoo, ana, wain's aUitude and words of th King, tb7 I their dudes to their fellcm cxtlsamv Tlkomaa Wrigbtaoa, ia sweondiag than to tha mayor, said th subject of working classes hac Isiwsysbeea a pethobby of It was to be hoped that by th rnaking frZ tramways id to Btxraberi to districts at a rreater radiaa irom TrVfrt the XMtxopoli. That would ro a great wy to 0T, boosing ptnUenu Captain Jasaal. iLP th reacJation, said tbey bad beard a good SKrrildpal aociaHxri. mry vrere told thit JzSm. in cVtoHne with thea matters and taking upoa tb horning of tho working classes, war tiUogsjv th rropeiy baJoiiisdto taSfZJm waa sjociaW with Thomas wriirtson to JJ for tb furthering of tha oMects of the BiH T7LZ worteg men to hcry their own heasse, sad.

7zZm that in tkis great fftieszion tber waa plentT nrnrirlpal sxtrpns, snd prfvat eaW Tb reaotalieri having been carried, tha msroc. rTT" recalled tb fact tal the KJm. when Friac had visi ted th sltrms of SoiaeerVtcnva. ana Wi3tXam7l.V tb eiaad.