COMMERCIAL.

Dominion, Volume 2, Issue 336, 24 October 1908, Page 7

COMMERCIAL.

THE SHARE MARKET. . At the sitting of the Exchange yesterday a snla of Taranaki Petroleum shares at 10s. was reported, There was a demand for Bank of New Zealand share?, buyers offering 2s. Gd., sellers quoting <£8 Ss. National Banks, sellers £h Is.; Equitable Building, sellers .£lO 2s. fid.; Wellington Investment, sellers lis. Gd.; Wellington Trust and Loan, sellers _«£7 75.; »ollington Deposit, sellers 9s. Id.; National Mortgage, buyers ,£3, sellers XS Is.; Christchurch Gas, sellers .£0 165.; Wellington Gas (JEIO paid) buyers .£ls 10s„ sellers .£l6; New Zealand Insurance, sellers .£3 135.; Christchuroh Meat, buyers ,£!) 165., sellers .£10; Gear Meat (~1 paid), buyers ,£2 95.; Meat' Export (£5 paid), sellers .£6 7s. fid., (£1 paid), sellers .£5, (£'2 12s. Gd. paid), buvers .£3; Manawatu Rails, buyers, X 2 12s. Gd"; Union" Steam, buyers .£1 14s. 3d.; Wellington Woollen, buyers .£3, sellers X 3 55.; Westport. Coal, buyers £6 ■ 95.; West-port-Stocktor. Coal, buysrs 10s. 3d., sellers 10s. Gd.; Leyland-O'Brien Timber, buyers J!l, sellers X'l 25.; New Zealand Drug, sellers £2 lis.; New Zealand Portland Cement, £1 75., sellers .£1 Bs.; New Zealand Paper Mills, sellers JEI 35.. 3d.; Taranaki Petroleum, buyers 7e., sellers !)s. 3d. THE MINING MARKET. Sales of Waihi at i£B lis.', and Talismans at XI 18s. 3d. wero reported, "and .a ' Sale -on 'Change was made ot Talismans at >£l-lSs;'Tho-market is quiet, without any material chaflge in values. The quotations were as under:— . Buyers. Sellers. . Sales. £ s.-d.' is, d. £s.d. | Talisman ... . '... 117 0 118 3 118 0 Waihi ... N ... 813 6 81G 0 ■S 14 0 Waihi Grand Junction ... 113 0 113 6 — Tairua Broken • I fills ... • ... 0 2 G 0 2 8 May Queen ... 0' 2 4 0 2 7' — N.iJ. Crown • ... 0 310 0 4 1 — . Big River 113 6 116 0 — The Customs rovenue ■collected at Wellington yesterday amounted to ,£2771 12s. 7d. STOCK .AND HIDE SALES.' Owing to pressure on pur space the usual weekly reports of the hides sales have been held over till Monday. - . LIVE STOCK SALES. Messrs. Dalgety and Co.; Ltd., report at their fortnightly. sale at Dannevirke yesterday they had a good entry of cattle, a large attendance of buyers, and good competition. A good line of purebred shorthorn two-year steers realised a!is. Gd.; 3-year steers, 87s. Gd. j weane'r steer, 355.; 18-mouths and 2-year steers, GOs.; yearling steers, 41s. ' The New Zealand Loan and Mercantile report:—At Feilding on Friday we had a small entry of sheep and a fair entry of cattle. There was a rather better demand for hoggets, and cattle sold well, although steers were inclined to be a little easier. We quote:— Sheep: Cull hoggets, Gs. Gd. to Bs.; medium hoggets, 10s. 6a. to 13s. Cattle: Yearling steers, .£2 to «£2 Is.; 15 to 18-months heifers, <£2 Is.; low-conditioned 18-months steers, £'2\ 2 and 25-year steers (inferior), £2 155.; -2i and 3-year steers (rough), ,£3 155.; cows in calf, .£3; springing heifers, ,£3; bulls, =£3 to iES lfls.

Mr. H. E. Leighton reports:—At my Hutt stock salo I yarded- a large number of cattle. The attendance was good, and values were fairly satisfactory. i sold backward cows from £4 to £5 10s.; springing heifers, from .£3 . to .£1 155.; dry cows, £2 to ,£2 155.; steers, .£3 is.; bulls, £1 lis. . - Messrs. Hudson and Marriott, Ltd./ Levin, roport having held their usual.monthly sale of pigs at Shannon yesterday.: A very good; yarding of all classes came forward, numbering. 133 all told. The demand for prime porkers was keen, and we quitted every line under the hammer. Prime heavy porkers made rip to 405.; mediums, 355. to 375. 6d.; lighter sorts, oOs. to 325.; cows,' £2 15s. to ,£3 10s.;. stores, to 28s. 6d.; slips, to 20s. , Mr. Newton- King supplies., the following weekly auction .report:—.'■■ :J At Urenni. on Mo r ndas, i Qcipbdr. 19, I,.held a, ..very successful sale ; di Mr.' IL. T.' Joll. There was a large attendance, and the cows, which included Several grade •Jerseys, l being a _ really first-class lot, met with-kteli competition, and sold at excellent prices. Cojvs at full profit made £7 to .£10" iSs. % ;<siSrilVgevH, iCS ss. to .£11; oalves on the bucket, 2s. 6d.; Jc-i-sey 'calves, 17s. 'to 2-is.; empty heifers, £2 55., tp '«£2 17s. 6a.; yearling steers, -£2 to ■£& Gs.. Gd;; pedi-'c gree bull, £U] storo pigs, 21s. to 32s.fs6wi .£2 7s. Gd. ' - ' ■ At Stratford, on Tuesday, I held a'-special; sale of pedigree Jerseys in my horse-bazaar' yards, when about 30 head from the following | breeders were • submitted to the lmmtnor Thos. Linn,' Mangatoki; A. H. Halcombe, Urenui; Paul Hunter, Hawke's Bay; W. Booth, Carterton; E. Eagle, juu„ Carterton; A. Buchanan, Palhierston North. There, was a good attendance, and nearly, every line was sold without reserve.' Yiarlinfr" bulls' ni'ade '8j- to .17' guineas; 2 to 3-year-bulls,^--'U to 40 guineas'; 2 to 3-year, heifers, in ealf, l2i to IGJ guineas; cows, in milk, 151 to 214 guineas. ■ My usual cattle sale, held on the same day, was well; attended. All. store, battle-.were in, good demand and sold at late values. Yearling steers made 345. Gd. to 465. 'Gd.; calves, .-CI ss. to iSI 7s. Cd.; yearling heifers, 275. Gd.to 335.; empty heifers, £2 os. Gdirto Ji2 14s. Gd.; 18months to 2-year steers, =C2-IGs. to ,£3 95.; 3-year steers, £i 175.; storo cows,. ,£2 to »E3 os. 6d.; forward and fat cows, ~£3 Us. to «E4 19s. 11l the dairy pens there was-a.very large entry, and all heifers of good quality met- with keen competition and made excellent prices, small and medium quality were hard to quit at considerably less values. Good forward heifers made £5 to £7 55.; others, £Z ss. to ,£-i 17s. Gd.; Jersey heifers, .£lO. A good line of dairy cows, guaranteed, mado £0, BANK OF ENGLAND RETURN.'; (SY TKLEGKAI'H —I'IIESS ASSOCIATION—COI'YIttfiIIT) . ' London,'-October 15. (Eec. October 23; 9.15 p.m.) London, October 22. The Bank of England return issued for the week ending Wednesday, October 21, lS.as under:— ' Issvs Department . Note Issue ... f63,417,CC0 Gov. eocuriticßf 11,015,C00 Other securities ... 7.434,000 . Gold . . ... S4,l;<JS.aw ■ S £63,447,030 f58.417.CW Banking DJ-.PAP.T^TENT. Proprietors' Govt, securi-' capital £14.553.000 ties . . ... £16.031,000 Public do- Other Bccunposits .... 4,531.000 ties ... 26,103,000 o pos«s°"... tmsm Notes ... 24,653,000 E Md other Cola ... 1,612, CM >' bills .... 3,166.000 . £68,335,000 £58,335,000 The leading items of the Bank, of England return afford the following comparison iThisweek. ]Qa6tweek.,. Last-yoar.- •£ nnllinn .. F4.928.C00"—515,Q41),C00;, "33.43ii K 00Q ' ResSrpe"" ' 20;i05,0C4 ! ' SS9-.4.0C0 '. 1 i4,0!5.a0 Kote circulation 25.594.0C0 !Ki,OSa.COJ £9,fCS.UUJ Public Deposit* . 4.531,1 OJ 4,046,1x0 7,(XJ2,0..0 Other Deposits 46,085,000 46,701.000 . 42.501.WD I'ioportioa of reserve to „„ „ liabilities... 51.<0 61.03 - 47.31

government securities. The following-are the latest quotations for Govomment securities, with a comparison of those ruling last week:— •' 1 ' ~ ~' • Variations •_ , • Price " "X° d; last week. * " " £ s. d. Ci % Imporial Consols 8115 0 Unchanged 4 N.S.W. 1933 Jan. Jnly ... 103 0 0 Unchanged 3i" N.S.W. 1016 Mar-Sept ... 03 0 0 Unchanged 3 " N.S.W. 1035 Apl.-Oct. ... 87 0 0 10s,. lower 4 Vic. IMOJan.-July 101 0 0 Unchangod Si " Vic. IG2I-6 Jan. July ' ... 100 0 0 Unchanged 3 " Vic. 19-29-19 Jan. July ... 88 15 0 ss. lower Si " S.A. 1916 Jon. July ... 99 0 0 Unchanged• 3 " S.A. 1916 Jam-July ... ' 6ti 15 U Unchangod i ." Q'rdl9ls-21 Jan.-July ... 10.8 10 0 Unohanged 3 1 " q 'l'd 10-21-30>Jau.-Ju 1 y... ... 100 0 .0-- Unchanged 3 " QTdI9W-47Jan.-July .... 87 15 0 55.-lower 4 "N.Z.-MJMay-NoT. • ... 106 10 0 Unchanged 3i "N.Z. 1910 Jan.-July ..: 100 0 0 Unchangod 3 N.Z. 11)15 Aiiril-Oct. ... 87 10 0 Unchanged 34 W.A.IOiO-lO.Vlay-No? ... 97 10 0 Unohanged ■i " \V.A.lWs"3sllay.Nov ... 66 1-2 6 Unchanged U "Tas. 1910 Jan.-July ••• .99 0 0 ss. htghor 3 . T»s. 10-AMOJan.-July ... ' 83 0 0 Unchanged THE MONEY MARKET. The Bank of England discount rate is 2J per cent., to which it was reduced on May 29. Three months' bills.—ln London, I 7-8 per cent., the same as last week; in Paris, 2 7-8 per: cont.; in Berlin. .2}. par cent. Short loans are quoted at J por cant., the s.ime as last week. COLONIAL AND OTHER PRODUCE. . Wheat.—The markol.i are dull owing to large world's .weakly aliipmante and favourable

crop reports from the Southern Hemisphere There ia bettor inquiry far distant cargoes; 14,000 quarters Australian, January-February shipment, and 12,000 quarters Deoember-Janu-ary, sold at 355. 7Jd. per quarter. Steamor parcels, January-February shipments, 355. 64., 355. 9d.; Australian, on Bpot, quiet, at 40s. to 41s.' ____ Flour is scarce, .and is quoted at 255. 6d. to . 265. 63., on spot, London. Considerable salcß , have been. made, in Glasgow for October-Nov-ember shipment at 2Gs. Gd. to. 265. 9d. Butter is firm. Danish, 1295. to 130s. A shipment of Australian butter tby the s.s. Ormuz arrived in excellent condition, and 6old at 118s. to 1205'., a'few lots making 1225. Sugar is firm. German, beet, 88deg., sd. - higher at 10s. 4d.; first mark granulated, f.0.b., . Hamburgh sd. higher at 12s. 2d. per cwt. .Bradford Tops—The quotations are unchanged. THE METAL MARKETS. Copper—On spot, 7s. 6d. higher at -£G1; three months, 2Gs. 3d. higher at .£6l 16s. 3d. per ton. Tin—On spot, 355. higher at J2133 17s. Gd.j three months, 325. 6d. higher at j8135 10$. per ton. ' Pig-iron—sd. lower at '48s. Gd. per ton. Lead—ls. 3d. higher at .£l3 6s. 3d. per ton. Spelter—,£l9 10s. per ton., , . ' THE METAL MARKETS. (Ut TEtECEAI'H—I'ItESS ASSOCIATION- COPrWOUTj London, October 22. Silver is quoted at 23Jd. per ounce standard. . Copper,—On spot, J!60; three months, JiGO 17s. 6d. < Tin—On spot, £134 55.j tlirce months, Xl&s 17s. fld. Load,. i!l3 7a. Gd. LONDON MARKET REPORTS. Messrs. Dalgety and Company, Limited, WeP lington, have received the following cable, messages from their London house, under date of October 22:— Frozen Meat—The markot for beef is firmor, and prices may advance in consequence of colder weather. Supplies of chilled beef have decreased. Mutton—Market firm, but pricos are unchanged. The market for lamb is firm; and prices sincb our last advices are id. per lb. higher. _ \ Tallow—Priccs are nominally Unchanged, but the tendency is downwards. There is a. very poor.demand for tallow 011 the spot. Specula-' tors are offering to sell for forward delivery at very low prices, but buyers are'indifferent. STOCK EXCHANGE. (nr TELEGIIAHl —I'URSS ■ ASSOCIATION.) . . Dunedin, October 23. • The following sales were reported on th# Stock Exchange to-day:—Union Steam, 345., 10W.; National Bank, .£5; Kaiapoi Woollens,15s. , TALISMAN, The Wellington Stock Exchange reports that it has received the following copy- of a cablegram, sent to London by the" Talisman I Company.—No. 11 level, south, progress 34ft, s ■ No. 12 level, south, progress 46ft.