COMMERCIAL.

Dominion, Volume 2, Issue 399, 7 January 1909, Page 8

COMMERCIAL.

STOCK EXCHANGE. . Sittings of . tho . Wellington- Stock!' Exchange : will be resumed' to-day..,-Brokers'- do - not' anticipate doing- mifch < business : for a few; days, i ; but., expect 3190 Dto show a betterrecoidthan 1903.■. -'//J/:>' NEW ZEALAND LOAN AND MERCANTILE The roport o£ tlio New Zealand' .Loan 1 arid' Mercantile Agency Company, Ltd., for the year ended June *80 last, submitted to the meeting on December' 3, states that, after paying interest on tlio Prior Lien, Second and Thira-De--.-benture stocks,': and adding <£35,000 to reserve T ;■'/ accounts: (bringing tlio same up to .£250,000)-, thero remains, to. credit of profit;and loss, in-, '/ ': eluding the balance brought forward- from last year,'the sum. of .£6624. The directors recomrnend tliat : ;U:6i29 sbnll -bo: applied in' payment: : of a:dividend:!^:';the .rate/of-' 5 'per /cent. sper 5. 'annum (lessriffcoihe-tax),: iihd/that 'the",-balance. K/;!/ of ,£195 bo carried-forward.. '/ Pursuing the policy adopted last year,!'.the.:-directorsj'have' ' vV transferred to capital account a; further sum of .'£50,000 arising out. of' surplus": properties..,handed' oyer by. the old company,'tlierebyincreasing-that acconiit to l ' ; ifilso,oCfl. ' Parts of Australia during the year ■have suffered somewhat severely from want , /of rain! but' recent telegraphic advices, are are-, ' assuring, :as good .rainshave fallen, ■■~ i . throughout' the States of -. the /Commonwea Ith. Adverse": feather \ conditions prevailed; : ,in ,• NewZealand early in the year, the greater part of the Dominion having been visited by <1 prolonged drought, and in the .North-Island-bush ■ .:fires'-proved- .. According 4 to latest. advices, however,' there is now ,every. prospect '■%2bfVa:good,season; .-Values .of./wpol ruled^ru; >/ low level during. the early months' of : the year,. if '' but have since to .some ..extent recovered/' Arid the present position'.of. the,Market4sVmore','en-; 1 .- couraging. The New Zealand Land; Association; : Ltd.,'. for .the year..ended .March !31, 1908, has ■ -declared and.-paid: 1 a/'dividend "of'\s -per. cent.: on . its paid-up share, capital, carrying forward . the balance of ,£11,205. Out of the surplus'iuis/'ingirom realisations of properties, the cssooia- ■ tion has also placed to its capital,.resesyfl'VaCr, -count the srfm of thereby,raising'.that fV- account to JESS,OOO. ./ :/, V\ NEW ZEALAND LAND ASSOCIATION. - . Trading for the past year/by. the New: Zealand Land Association,' Limited,'' and/:interest /■/received; resulted .in- the: company- eaVni'ng? a. gross -profit: of ,"£32,991. Management and other, T'charges amounted to:£MBSt, and the-interest'on". / debenture, stock': : to: : jG14,268.:: • Deductmg':-these' sums and -.the-'-balahce at'i profit' is JilG.lOl, to which has to be added ,£4903-brought forward, 0, ' ayailablo '.£21,004. /Dividend- or:/5,;pqr cent, absorbs ,£9798, and ,£11,205 is.carried forward. The' realisation of '. properties, has .lieon carried on/ at/:figur'es in' advance .of the valuaff tion /of-;1561,'/and ; qut!;bf/the?surplus obtained ,//.; the directors/have, added.;'£lo,ooo to/the .'capital, . teserve accoiuit;''which' now/stands at: .£85,000.' THE LAST WOOL SALE . . Dalgety andiCo.'s wool circular, dated London," November 27,i'deals with the: opening fed-' tures of: the sixth iseries of■ London wool. sales. ;./ -The /- quantities' /.'available,*.' .including . stocks /f: brought fonyaidiVwere, for each exporting'coim-- . try, as under:— •' • . /■/: - .' Bales. Victoria . 22,700 New South Wales .... .17-,500 . Qiieenslaftd . ,' ... . • ... •' 38,300 . ' South Australia. ... 6,900 •.'./. West Australia - ..." ... >•/.,. 9,900 . ' . . Tasmania ..." 'V'- 500. -,' New Zealand ... 42,800; ' ' . . Australasian ...- ... ... '168,600 - - ■ South Africa;.,!.';.B,9oo• '/ ' ///-•■ : " ! About the. beginning-.-:, of November,/.distinct :.:/tinent,. and some.bought-in'lots'of the previbus :? sales .were cleared at, an advance,- and it was, v : th'erefore;'';i^tf^paij^'' ; :,!t^t'.'.'-a--;jubs^pt}a^-/ad-' tered here, iinil a .large:' ; inuster-,bf ..biiyers,"^in- : ' eluding '"United- States,'' assem-: ; bled on the,' opening, day; :ahd : '.competed' with' ; great keenness for ail classes of wool. - - The "sejectiott-'at; the opening .was' a 'fair, one; '. /'// though containing.ife^ri'wdbls;suitable/for-Amer'-' > ica, and the. following on last : series ! olosing'rates were:;regist«red;rriia:^■'/' :■;/'. Greasy / merinos on average—7J- per'; "cent, higher i n i -1' - /.-.Scoured-rnennos—s ;to Hiiperr.qent.^ ; / Crossbredss/in .general—lo. to", is "per" /cent . higher. '.. .\ // r: .y- i: //:',:' The' - greatest ;■ 'advance"' is: .on /'medium!-' faulty scoureds of good vcbarse ; :" greasy crossbreds. - ■ ' if -" The chief factor, in ,the®d,vance is, ; {he strong, demand/from America ana (J.ermany,Uand'pro-' -/ Tided .tEe. j /:*& expect-.a-;relapsej' v as' price's: arbfstilli.'mbiKfate' and . supplies show ,no bfeirig 1 -- gre'atl y r it excess of requirements. — : -— ; ~~z~ t •_ i ( < ,/ a The Customs' revenue' collected', at Wellington . festcrday amounted to ~£2697/10s.,, f ' ;" : ' ;; 5i f XIVE STOCK SALE'S * ' , / {Tuesday, : :MSssrsV, : Abriihapi,andJKiU^ras,',-ltd:,>. ."- . report, as i—Stock-' came - forward: in' exmss of-advertised numbers, over 200(£shcep bilng,. yarded, besides., a. gobdventryilot At the start of the sale. bujefs.W'ero inchVe'd ip' be cautiousi with the: result, that the' first fewpens ;were:passed at' Later those- ' v/ operating; opened out/ with the result'' that we'; :/-'?®T, teen , competition/for. good .lines .of two-. ■ tooth; )rotners,^which'-sold. ; ,readily, at'rpric6s in I :. favour, of. to liepoft ia - tottil- ( of/both>slieep:.and-cattle aPimproved * - ,pnce?, .the ,beneficial ,l Tiins' ofiate the" r abundance to operate ■ with confidence.,. We auote':-Cat£lo-Forward- ■ 3 year old steei s, £5 lis , 3 year old steers,".£4 iv 16si; mixed 18inonth cattle, 2 . l ,Us.- t o in--calf, ' ..- --2.115. to ,£3 : •: ' ®S"P^ 2^ o cfh;,wetliers,,:-lls." 3dt f ,/V o i.' ?[ ixtraygodd line;.^iii: forward con-<' ■o t ?, : 2- toot h Lincqln; : eiyes, 13s. 3d. :to 13s. Gd. ;', / .2-tooth "Eomue^ejves;,-;l3iAfid;'''tb>l3s.iil^ ewes, andlamfe^aU:/CTOiifed)^::6s.:;':63.bull ; : : vethers,los. ld:: , ;* .cull ewes,'' 9s. : 5d.; • : -- r ! :/;/'" •>.":/-v '■/e__£lL i'M/ii'-.-" ;.

ADDINGT s ONj STOCK MARKET. -: tBY TELEGRArir—PKK.sgvXssoqj^TION.) Chrisfchurch.'lJanunrv G , e ; ,n fat -lambf, ; ;of:.\i-hi(ji;;t'liere -iv-as'tKe lar-- . gest. yarding fojjthe .-season; -' TherK--ttat v a fair attendance. -Beef Vsbld' rathery mor^'ibrisklv' and : there;wasgood r demand'for.-stor6.lambs and fat. lambs, which ;sold':well\fdr; export.': were in better ,demajid : alsot'■ ■ ; Th'e''..yarding' , of' store . sheep - wasj. av.small; one, j though'.-, larger than m most, demand,)and: tß# v sbld/jipUb>l3s;.4d. ; wr.:forward lotg^ ; Pripes no. f.b9.nge>v; : ;';A^ 'WJ?,- elv ® s > J s Bi.rjk;at?Tß".-;'6aii^3f,vi-.'-: II s *- ?sd/:r-135 afc 1 12s. ao.d,; 170 at^Bs".:f7(l.'.;Wethers: l 4s 'at''. 12s.' a others at lis. Gd. 'to iiS. .;9d.* • ,-t!. ,v- -;.V .. /The; entry : of fat:,-lambs-;was'- the V.largest 'ofthe season, nearly. 3000 being penued. "There ' was .a fair; proportion -of'prime' quality,; but many lots .showed a-'.warit' of' finish-."- - : The 'dryspell - a month: ago", caused th!e grass to : go" off'' and. ewes fattened fand.-.weht 'off/their -milki'-s'' tbut the Jambs Suffered accordingly, and' .ire now "being; put'-:u'pbn r/ipe/' v lii'' '& ■ fewi-liweeka' should-lmpro.ve. ''The"i ; e;!was ; .'iood ! competition /among •). the * 'buyers," and prices were firm- throughout;'; ' A' few/' ■weight lambs. :made. 9d'.-. to 17s. Gd. Ereez---.to. IGs;; 4d.;' light tnfehed. (bought by. graziers), 12s.V Bd.i to'l3s.' 3d. There, was a moderate yarding of fat sheep' ; ahd : (he-market opened .at', last, week's'closing rates. The butchers; were the only,buyers, arid after'they: had Jfilledv^heir^ijquirepents.'.i-the' .demand:.eased -Prime •w^rs.^irtade^^p/lo^i&M.'^ottW ls 13s. to'lss. 6di. BesfeeiVes:;i4s?'-:toy69f:''others'' 5 ' 9s. to 125.;9d.: ' •'. ''■■' i 1 The supply.: of:oe,bf'-;totaHeds'222 ■ .'of good to prim«.f^)i^.vlfi'inib , steWß : 4fiaie; market.-was 'all; 1 descriptions, advanced. abpritiis:'-per.'lo6lb:?, ; Prime';heof: made ,225. to -245.; inferior,; 175.. 6d.:. •W^lß^ , 6d^?i^iw / ,4pbs4•S^eew s brought £6 10s. to?il0 j-'heifets/'iM, cows, M 17s. Gd. : tb 'v£?.2s.; Gd. " j'lv .-'x.;i '■ There was amod'eriitfe': entry' ofi 'vealers, ian'd' they sold at. 45.: 6d»^r^s.^aecorSißg> condition. A - 'v'fitbrb . gold at improved 15r to - sqrj's', . making 13s. to £2 17s. Gd.; 2\-year■steers'.of:goodi'quality;'-'i!i. 10s. r-2-yeai; heifersi 1 13s. Gd. ;,'a' mixed line of 18-moiths to 1 2i-year, £3 15s. ; drv cows, 20s. to-£3 10s.; dairy cows, 10s to .£8 ' . .There :was ;i» : ; moderate\entry"/of pigs/'iand-'a' better : demand .' than "' of 'late, "esp(jciany "'f6f Btores. f.'hoppers .mifde £8 -10s.;;. large'baconers; 50s; to- 60s. ; smaller,' 4s,' to 495., ..equal : ..to, ; 4Jd. to •Hd.-per lb. j -Porkers, 35s;'to'45s., equal to 61d. - to sfd. ; large stores,'' 325. to ,375.'; medium', 325.- to. 30s.weaners, IGs. ,6d, to. 225. 3d.- ' . '

: ' 'BURNSIDE STOCK MAKKET. t (BI lEI,EGRAI'n—rRESS. ASSOCIATION.) "" • '"<i'f ■•'•l * v vDunedin, January 6. .' The following is the report of sales at Burn- ■ side this weekSheep—ls64' .'yarded. The j salo opened with an advance' of about Is. per head all round,' but prices'subsequently went back to.same as those obtained last-week;, best ' wethers, 17s. ,6d. to 20s. extra,- from 215.. to ■ 225.; medium,. 15s. to i7s7"6d;"i;!fiest' ewes, to •205..;,6d.;.,g00d, 14s'.. to .ITs^j. medium, lls._- to :. J35;,.- ( yar.d,ed4a'; small. ~yarding. Owing: to ; tive "entry the:sale;was a brislc ! one, and prices were fully equal tp last week's. ■Best- lajnbs, up' to ,175.; goqa.vHs,: to 165.;- me- • diuiii,<lls. toll2s. 6di .-Pigs—l2o : yarded- Porkers ,"• ,afi4,-.ha<Joners,Tyere in large". supply, ahd prices , for fjrmerj'were much the isame. as ! those got • last week.--Por Heavier., pigs,- b'aconers, and choppers.- prices were easier. Suckers and slips J met with' Brisk . sale," late rates' being ■ ob- - tained. Suckers, ,18s. ;to - 235. j "slijisi 255. to '• 255,' stores, : S3s v -.tb, 365.; porkers,' 3as.: to 455.; I- light bOTbners}.:4Bs.» to". 535. ; heavy, 555. to; 595: ' 6a.;• choppers, from J22 to .£'3. Cattle —140 yarded, small for ;• an'advance: of : abbut 'iss. r 'per, head on all good . 'cattle./\ q'n'ality ; : cattlo sold' at' rates 'almostrthe.isame/as:last.week's. Best bullocks, -: i£ll : 7sr6d; ;/extra,":,up:-to ,£ll 10s.':: good, i8.10s: to'dfilO,l(js.;>mediumi-.i66.-10s. to.-"v£Bj. good ..'^eilerCvp^b^/^^wV-iioni,.£s.to £1. ....... ', D.UNEDIN/.GEAIN MAEKET. (BT-'TELEGBtrH— PjJEISS ASSOOtiTION.) : . . . Dunedin, January G. \ 'practically, at a''stand- - -business-.'jjeing in small lots of >. fo.wl feed., .. Prime.; milling, 4s. 7d.' "to 4s. Bd.; :' midiuni'to;'gbbd, 4si J 3d.-to 6d.j broken and ■'inferior,..3s.:-.3diytoi,4s., es store. .There. is.no improvement- in' the tone of- market, and. the small existing ? is/for- prime, gartons, very few. of which.are offering. Prime , Jeed.aud to Is.; Bd. ;: good, fe , »best,- IsV -7H..j-'infeiiorjio'-medium,, Is; 3d....t0 Is.,6d„.;ex store,.;. • -i.. • THE METAL MABEET3. . (nl TELXGEAEH—PEESS ASSqCtATIOS-rCOPIEIGHT.) ■ ' ' , London, -January 5. ■ - ■,-Copper, ; .;on: .the ~ spot,.; ;ton; : three 'mbn'.thsi , 13s!. 9d.\ :,Suppliesj„3B,'lßßi!tonsr,de- ' 'liveries,^3s,slo; 'stocks,-'ss;677'.j:'afioat,VSJOO.'-; ,j8133;.155.; peiv ton! ■■■'■ ■■ Lead, '.£l3 7s!"6d.'"per ' AUSTRALIAN PEODCTOE (BT TEtBanAPH^PEESS-ASSo'oiATio^COPIRIGirr.) , ' : -i;/''-: ' \ Sydney, Jimury 6. Wheat! 3s. Bd. ! PJour, lOsi Oats!'2s. 7di to 2s.'- Bd.;ij whites; :2sf 9d., to 2s. lOdiy Maize, 4s. Gd;.i.Brani«jK;"-.;;Pollard,^■" £&. .Potatoes;, local, . ' Onions,' i£s "iss! But- : teH ; 925 V ,; tb r 94|i; ; i Cheese, f 6d. /Bacon, - :i 'The ' aMve'/'quotations"' are- those/.ruling .be-tween-nierchant. and/retailer, and/db not represent the slightly/lower: values', obtained by re: cognised brpkers." - ■ . - Melbourne, January 6. '. .Wheat,.. 35., 7Jd. to . 3s. Bd. : 'Plo'u'r, 10s!. : Oats, Algerian, ls. 'Bd.'to Is. 10d! " : B'arleyi Cape, -'2s ;Gd. Bran. lOd.' Pollard, Is.' /Id.'' Potatoes, >67. to>£B. ".Onions, ,£s.'" • ■■■/ ./.i'. : 1 ■ Adolaide, January 6. Wheat,: 3s- 7Jd. ' Flour; jEB ..15s. ; Bran; and pollard,. Is.; Oats; Algerian, Is. 9d! to Is. lOd. NEWS,' : WAIHI GRAND JUNCTION BETURN. (BY IELEGBAPH—PKESS ASSOCIATION.'! : • Auckland,-January-6- /. During ,the ; period ended,, December". 26, last; the'.Waihi Grand' Jiihctibn Gold-mining/ Com..crushed 1 and..treated: 3728 tons of '* ore' for a', return' of; hulljon'.worth -.£6,138 ;3s;'Bd;- This is .an. increaM .u'pbri the 'return "for the previous month 1 ," when-3769 toiis yielded i£sooo. lii' the .'corresponding, period of 1907, '2352 tons' yielded' •^4073.' Th&,ctoJt'alN output/for. 1908 ;was/'J70.918 . 135..:? d., : a ..decrease' compared/with , the yield .of ;X75,832 -'.for: 1507, / The : total • amount won »?W%^Wise, ; tb-"date..ij. ,'sd. . PROPERTY SALE ■■■ {by tzlegqaph—russs; association-) .' ■ • Woodville, Jqnuary G. -There .rwas a large, attendance at the 1 sale "of sections of Mr. Sydney' Joh'iisbn's Mok'pia' ; Estbte (near to-day.' :Only. two'sections •were'sbld ,iihder 'th'e hammer ;-ri>ne at '*£26 aijd/the'other'at i 52- per acre.. The'roserves-on the';bulk of, the Ifiji'd l were con- '■ SiderM far top, Wgh. the sale; twoi other :small sections. .sold at" the reserved' 'price,- viz!, -C2o per acre. :„ , ■ /,/ ■ ' ; -Vi-tt oi tauwa-Jiiincn ti'iVE'STOCK'S4LES ' f.',fe s ? s; jAbraiarii'?. iujdif Wiliiaros," /Ltdi|-re--port -qn their, Johnsonvjlle sale, hield .yesterday/ > as-follows —Wb'hadfa fulliieritfy-bf'KuUqcks ot! : ;Bn"« gnahftr,-jtjrl»ioJi -,1001b;-. Sheep'we'ie,,well! up:to":requirement'S and ; ' sold readily; bullo'cks,- deß'7s'-' « f ** ss!;/lighter; - l ss -,to. £7 ,17.j; pd. l ; Id. ;■ medium- ; .lOs. olld: ;' best' wethers,-. ISsV'Gd.:;' light,r'J2s: 9d/j lainbs, 12s Id to 14s Id '