COMMERCIAL.

Dominion, Volume 2, Issue 412, 22 January 1909, Page 8

COMMERCIAL.

|;ip;^ ; /S'-i::rTHE : fc'ivY.; At.yesterday's "sitting of the.Weilirigton Stdpk ■ ; , a sale.of Gfiar-Meatßhares.'.iEivpa'ia, v:,'.' , ■ at; v£2..ipsy was 'reported. . The buying. quotations; f, f.v: : i : were ; more numerous, and the bids were-;np«to-|vih'Kthe full market values.; Bani-of New Zealand, &'. i :'>.'bnyers.iß.9s.; National Banks, 2s.j fc;' Investment, buyers lls.; New Zea-r;a-;;;.;;l(ind; and;Eiver-Plate, buyers:>£l-llsV6d.; Na-u-to'r." tional 'Mortgage, sellers ,• loan: arid Mercan-[■!,'-;!.y: tile,-' sellers: 3s. lid.; Wellington .Gas, £5 /10s. SK' - piid,.buyers 12s, 6d.; Christqhuroh Meat, Jvfe'.'.-Imyers'-'JBIO,7s. 6d. J Gear, Meat, M. paid, buyers '■;:'',:-£S i '4ssl i M:i-'£l paid,:buy&a"^9s;i6d.;^Mfln^ i , .-.«-.■'■■watu-Bails',''buyiers"-jS2 145.; Union Steam, sellers yS:-£l- 165.; Wellington.Woollen,-buyers .£3- Is.; J ; ; ', tellers .,£&.. 2s.;. New ; Zealand Portland Cement,. ; "';>'' ; buyers ! i£l Bs.' 6dl;Taranaki : Petroleiim, ibuyere :-;;n>;:5s;; New; Zealand Paper'Mills,\Bellers:il 25.-3d. ;"' R!? ; M A-sale 7, 0f Talismans ! at i£2 l 6s; : ' 3d;."'was:'iW; ■S'--ported, ; and "this- was" alltHe. business recorded; ? A 'The' Exchange received the following telegram ■ '*■'■'■ 'yesterday ■ from the; Talisman Consolidated :— ■.f'i : ;" Quarterly": dividend of '^Is.. 6d. declared payl*v,'able' February, 25, 1909; transfer .books close one ;i¥;. : day,' February, 10; question, respecting balance S ! ',; dividend "for the. year.cto : be dealt ..with when ;Uv-"accounts made up,, arid.submitted annual meet-ft-i,'; ing." vYesterday s, quotations.were as under:— y;;.v';./ ; ;-: :: ■'•-!:'■ : .' : .'.■'.'.■. >'.■'.■■/:: Buyers/': Sellers.' Sales. M : ?ff-rff:-)y;-:b. "/: •■;.;;/■■' ,£.s. a; v '"je-s."d.".- £^^ j Junction.-: —.■■ ;, l' 3 .6- — V |i ;; -Waihiv ... 818 0 .9 0: o■■ ' r- ■ , ~'.;.•..;■■ 2'6 0 2-6 6 26- 3 KSvTangiaro;: , . , ;.-.v ; .-■•—■■;:..• 0 r :0, 6- "-■—' ~■ ;S*-N.Z. Crown' :.. ; X ..i , 0 4;:6'-.•'•■ — -:-■.' — :■'■■ ■^:f : Kpmata:.Eee£s..-V:. ..'>,'—■}■: ; 0, 0 10, _.— ~.: iji:i;:0:;-: - :^LONDON ...WOOL SALES.;';',.' ■■;/ :.' :fAVi,/L The .latest cable'messages show that'■ the coni-. :.;';:■'petition- continues good at'"the opening'rates," ':l : .but;good merinos'exliibit.a weakening.tendency.i iv- : In vconversation / with , local' /brokers'. it : - was' P->/,:asce'rtained that"; the present /ruling 'prices' in t': j!/ London'Vaie about'pn.a parity, with.the, prices Kftvmade at 1 the Wellington ;sales:i : :lt pointed |i;, ; L.out::. that -the:: November London -sales- term'i-. | : ,v:.Eated; before: the"6alßj>in':Ncw". Zealand..com|v f .menced.;'At;the Nov'eriiber sales in Wellington k";%the 'prices' realised: were .'fully abov« 'the Xbn- , r : .:j;j,:dori November rates; At the Wellington Deoenif: r ; : v ; :ber.sales' prices ; -were even ; better than in the.. feySprevious morith; ; and.at^the":January sale, allO,»'though': there'-was decline, ; prices ..were''equal to .'those obtained in November./ .Consequently, K-£|-''it"''-iriay '■ be. said 'that the advance '■ registered; l .jn'j hp-i ':Wellington. in :- : Nbyember. has., beeri maintained' Tight, through,, and !the .current,-London, sales r,-:; .-are.merely showing an'adjustnient in prices to 9i/t;cprre.sporid';witli'Wellington:prices./ It is con-' pj.j .-tended, that/ those /wool-growers.[who .have;-par:. |;f'Vr : '^ls';offeringlm''-Lond6n>nbwyTVOwd^HaTiß' : :a6ne',- , Kjg: better ;■ to have -sold- -here,' arid:. those who sold k;.. , .10ca11y have realised more than equal to London 'with; -the.' added./advantage.: of /haying $'■£&'; prbmpt; : account sales and the use: of. the wool K)i.j;mpney;', '~.■;:.■■-.'.';-:- ■:■::',■ ■.t:;S'■;;■.. i;:,//-/// : :^/-/-/ :

; ZEALAND £-; : ;X- j.The.-quotations:for New ! Zeaiand-hemp 'sliqw f- -Jno; improvement in ■London; :bn?the contrary,; ■fi ..'the.last cable message from the. Hielr:Comims- '.;.'; eioner- indicated 'a •'■, weakening ;■ tendency.-1 The 'lA:: -output of Manila "hemp gives- op: indication of !;' : : ; Sdecreasin^, ; aiid the fibre' vjv : . r is':less satisfactory '.or ibt;: the Js.cbmf'.:%.maiding -the market." '■ Fair" current Manila ■ is [iv.ivmakinc. J223-- 10s., per'itbri, , -' ; 'br '20s.:more- than fc : ;j';.;;New /Zealand :fair grade,;: and .the, cost of prois.'gductioh must be very' : much less' thai' it' is here. {-;)'■ Spilong'asi the ; 'Philippine. output is; mairitdined hi-Sthere; is.little obance.of '.. a recovery in New |;";-Zealaid'hemp,.;and 'the millers Vmust do: one 1 trv,:'of .'two.things—either; reduce the: cost '-{at proijS'jC.duction, iwhich-we know is a difficult ;matteri f^ /.pr'find : new;'markets for: the product,Vwhich'is &'•{**,'equallyidifficult.:i^The industry is one that' New feV/Zealahd cannbt;afford. td.see: paralysed..;-.:;:.. Dii^/PEoifeM.^^^^;;:/. $i ; ;< ':Tha following ieport,'dated Becember 11,J1908, jj'Sihas, been'-received by'.'the'Department' of Jn-'fl?.i;dustries-and Commerce fromlthe Produce. Com-/;l«ndon':T-::>VV:\-^;;.;,1V.;.;;'-;.:;ip,':j;A ■\K&"- ; The;s.s/ Turakina,-- whichi'left"Wellington'on 1.5;;:-; October :22;', arrived in London,' on 'December 3. [;': V-jHer-.cargov.of ■ dairy■ produce comprised 21,250- !,..;;? boxes of britter-and. S276. : crates of The ■iffy .butter was and 3 -'tween decks, jS'.Kthe - cheese ■in No., 1 'tween>decks.' '..The';shipi-(i^>?:ment:wa's.:;landed-;in good; order :ahd'condition r vmaintained throughout'the' PA:i voyage, , .according : to the, ehgine«r. ! s':logi,were.as: t>l.Sf,Dll6w:—?:...'.•'-":■■. CC■'.■;■ ,"O -;...v.:.. ! ;.^, —:,.'- .•■.".- ■-.'.- pS;^v;g-'?i:> ; .•:'.;;; i? ; "' : ; : ;'■ ■:-':. ■■■'.■' 'Tween Decks. ■■(■;>;Tween' t ' ;; ;V ::^-v?Deck:'-: g-: i -Date. : ; -,-, .'•'.• ■'-.. ; :■;., No: %. :'.: No; 3. : ', ; ; slb.;i; fgV'Oct. 22/ : 14: i 2 :.:;!v4i ilo i-m-00b.,®,',:.:..^/-. , 13 </9 S,? : l3'a.B;' : 59 : 56 &;:.V-N0y. , :.5. i >v;;:.: , U.. : :::12'-:il : -'■■li l ''i2.:^:i;Ss fe:"Npv/12 '/:.;.■ ,:r..iv 13V12'-v:-14-10 : : ! '< ; 59 :.;;;.;. ; vi3;v[i-;:/.;-]3Vgv < . ;57; . 56 £\y) Nov..26i;;;;;..',> f - ,.;;i 14 12."/,,- U-: 10':^;.i^9:?56 iygDec;;^ ,j : ; : 13;;:U;! : 56. p';; i:: It: will'.be.- seen- that '.the''temperatures maing;,t:;;tained;for;;cheese :were considerably higher.'.than '£-.: ■;': ■■' those' recorded '-. for' preyipus' /.• ■ K^; engiwer- informed;me that ; he had received'fini' Kiv.structiqns:from-the head,pffice'sof the shipping f ::■;company .in; C^fistcharch;to" carry-.ther.cheese pV^.-*-^Pe r #re; from !'■ -li- nrst shipment' of ;:cheese received under pyiv.tne': new regulations,'.and :: i ; ;]"g!Wi satisfactory.:;: I'epEamined':the; cheese at ;..«■.". the docks,:. and -found' that the Quality.' shbwedt';:V:,ereat on that.of .'{he : lonic;ship-' -at :.had; not■:thevunripe condition 'then' (:>■;-noticeable, but.was'matpred, to a,much '•■■rreater' fv,.,;degree,;and:m far ; better order/for'being placed p;;'y °? i th e market r.fpr .immediate' sale.'; The deci--I'■;:,'■'.?on:.: P.* i*he: Dairy . Commissioner -, to' havo the i |;-;;..temperatares'.of.the cheese'chamb'ersvo'n board-fb'-iBluP. .raised;:sdeg. for: the::shipment"'of -early r isV certainly ; "of advantage, •■ and the s boats.nowem--Zealand;'trade.;is so per|A>,fected,:;and;H)erei:iS. so residents. ■:o'.?;the; : ;po3Sibihties ■ of /damage' :occurring : ; to the : $;;::oheese.; shipments;through high ;temperatures; ?;■' ' a s-was.fie case some;year's.ago, are:now:very £:'; : for;New/Zeaftnd;cheese has!been quiet but holders ■are;fimybemg l incli n W ' m^t WlWmproWrather it ;:::Jnan.: declme. : The .price generally:'ruling-for p : .,m S e ; weelias j;/v;been;s(S. to 58s:;, It i S . reported, Jhowevor; that .;,5 ,a? v low;as 56s.:has been accepted forborne which ;i best.qualityi::;An;attempt,li'as'been; pkmzite to ; raise:the:market; fe; ;: ; : bMn',unsuccessful.;A.:fair.trade,':i 1 •f'/^ 1 "^^ 1 ? 16 tt §.: lo ™r{pnct) mentioned. ''.: ' T^V'w/vvw 111 — for ;butt4r'has during the past considerable-iimprovemene R ; ' ; ™= e r^■^■■^« l^-; 2s/:per , ,-owl;- From 109s. to 1125.; has-been;made for parcels;accordh;;..?Prpbably an-average of 1,110s:-6d; may.fairly be r'-'¥S? S e ' price 'for'thS^et;'-'. NtL-*i?rf ■ If given, satis hi k: All; lots' have been, well .cleared; and the t,;,;vmarket ;1 s ready, torabsorb7the'-T3ig'shipment the s.s. Athenic, du™ on t:;',January,l7 !] ;.when u ;it vis hoped; t;N? e '-: f^; ,5 ? 11 obtained ;but.tefSia.^ $:^ f : JCustoms : reyeiiue'.collectel4f 'WeiihigtSa' F;.:;;., : yesterday.amounted to <£2636:7s; 1 " : ; : ' ; :i S S ;?•.; "'

•ft ■ i K ? i; : V :; ■•;•■ / ; V ■ L rrE.; stock ' % f?^ The :;Sew. "Zealand ;Xoan:^aiid <"sr: ;^n<w ; tympany, Ltd:, report :'> " : Himitangi,:on.Monday,.:we hada ■ ;;::;'.cattle,: and i alKlines soldv'freely; .under": vthV ?r: ; ; ! : -? a 'H nl 'r: atj ' i? r fces>;n' favour *of.'vendors. A ;:;;;.:totaKclearance:;wa3 effected. ■>,-, At .'Talmerston: h> ::: 'North,". i pn-^luMayV\we".h-ad ,/ -a-'g6'oa^entrV' , . , bf' i:-:-:ebeep ;and-cattle. - : .Sheep:;.were 'in•"i;keenVde- ;.':,. mand,; all lines selling at auotioni'-'aiia'-a'-Been' i••■-.-.■demand.existing for rape lambs, "We quote-— -heifers, :'. : 2Os.V p. • yearling, steers, 305.;. forward cows'/--' 60s.'. t6 78s" I'?--'■:S? ; - i^ t ''^ s 'i 9O - s; - 6( 1- to;HVs. 6a.; 2-year' steers) b; . : steers, 835,t0 88s.; bulls,-60s. Pigs-£-;';.-.'•Weaners.■;. 10s.:to. 115.";.6d:-iPalmerston -Nofthp.}' Sheep--:! at ewes, 10s.; woolly .lambs (small),- Bs.- -■ ■■■x 4d.;; shorn rape lambs,-Bs. lid. to'9s.-5d.;-ewes I* , ;.;and..lambs; all'.counted,^Bs;.3d.V: ; Gattler-Tear-> \- ■■■■ ;. .ling; steers (discoloured), 275. - to »-285.-f - 2}-fear. •V,:.--steers (bad colours), 70sV; 15 toMS-months steers riV; 61s/- 6d. : to_ 525.; 2^year'; steers, -665.1ed.; heifers! ;:;;:>■ in :calf,.3ss;-,.t0. :40s.;.:forward -heifers; .62s • |--.r^yearling,heifers, 275:. 6d.; store'cows, 50s. to : t;:; .'■sss.:;.forward, cows,.s7s. to;77s.'; fat cows," 925. ; 30s.::tp 655. '-'■'■:;. , . : ; .-•• ;:\ ..- ... Ki:K:::Messrs; .Dalgety and Co'-.0-Lfd':,'-. repoft--At •,::...:. cor: Palmerston.-.sale' yesterday .there .was a' !;■-/ large of sheep, and a , good entry, of v.:';.;■■".■ cattle, nearly.the whole of which:were quitted «'■.'. at' auction.": We quote:—Small, woolly- lambs ■ !..V?-:-es:.::Bd;rmedium, woolly, : lambs; 95." 2d.. to 9s:' 'j.l. -V.Sd.'i ■ good .woolly.- lambs. • 10s.. 3d.; .two-tooth i; 5. ewes, niedium. 12s.' 3d.: Yearling heifers,: good iJy;'36s. : 6d.; : small" fifteen-months-steers, [ 395. '3d.;, '. -; : ::.oows. and: calves, "-.&'•' empty'-.forward heifers, $:'■:•'; jE3 As.; .two.• and .a .half-year 'and : three-year' ;,.-. : -..eteers', JPi:3s.; -fat cows, \'£i. ss. to jEiaOs.; j;: \three and three; and; a half-year bullocks, £5 : .;;:;.;.'vf;..:>.;:.,;,-; ;V- ; : - ; -:.,/.: ! . ;' fBT TEI.r.OUArn—rttESSiA'sSbCIATION^COPTniOHT.) &:::>;.-'/:;•-■.■'.. : .':'; : ■''■'. / .''■■■■; London,' January 20.' tCf-': ; At'the ; wool sales there':was good,competition. ;;'.;.-at the, opeiiiiig .rates. , : ".• '-js- : ■.-.... : ; >■■: > '..■..• h V:,. oooil. merinos l barely, maintain the 'Novem--1,-!-". vV::-..■;■; 9 '--■-.• ■-'-

The Department'of Industries and Commerce has received the following: cable from the High Commissioner,; dated Lpndonj January 20:—,. AVool. soles have commenced.':', Home/and foreign buyers are in large number, and there is great/competition. All descriptions of fine wool are_ve'ry firm at December prices, medium and grades.a halfpenny/higher,..,,^.,, , •■'•' '/■"■■' , SYDNEY PRICES.-" Z." '::"" (31 TILNJBiFH—PHESS ASSOCIATION—COPTRIGHT.) "7 (Bee. January 21, 11.5 p.m.)- .. . ■■■,•'•'"-. . '. ;•. ..." : ''.Sydney, January .'21. : : , At the wool sales there was keen competition for super arid poor quality wools, but an irregularity was noticeable in good grade wools, , and in some oases there was an easier .tendency.: The iJiighestipric©/realised was li{&. 7 ; ,'-/ '7 WANGANpi J :>7ooL' SALES. ' /7.';. 77 r RISING^'■''.'': /'/v' ' ,/ 7 '■■■■ (bi TELB«\tirii—press .association.! ■ '~'.■. ' -.: v .Wanganui,'January. 21.. .yAt.the local wool , and.skin r sale's by ,the; Loa n: 'and/Mercantile: Company to-day, prices';wore' distinctly higher for all olassee of produce, as compared with. th'e. rates ruling prioi to'-the' Christmas skins anditallow,-and-.'abont 20. per• cent, in the'oase of 'wool, sound-pelted sheep-'-skins, and tallpw,- and about 20 per cent.'for hides. ,; Calfskins-sold: at the excellent-: price, of Bjd.- per Ib.'for.igood■Sib.-;average skins. In all claGses'bf pfbduce" , competition wasi.keen and ; well.sustained, .with the exception of damagedand inferior lines;of sheepsldns., y ' y.~ , ■: : -.'^ ;^'.^;;r 7 '?-w^A^.''X'';v'''.'':y:.;-;"' (BT TELEGEAPH—PRESS ASSOCIATION—COrTBinnTi) .Two.cargoes of-'Australian wheat have'been sold at 3Bs. and 375. ljd. per quarter respectively.' .->.-. ■: .--..-■■• '-■■. ■■■ ■■■■,•. .■:■■■ ■••-, -.-■ ' . . -The. American; visible supply of •■■wheat- East of the Eoc]jies is estimated at 81,000,000 bushels. ■'■•■■ y 'l'?j:'.O'tyJjLoyvV-' : L ; i\<-. : - ■ ;-J At ,the' tallpw sales' 1035,-casks'were offered. ' and. ;602: sold. .'Good-sorts ■were- unaltered, in' price; the;r'est were 3d. per,owt: dearer. , ■.-.•'l :.;■, '■■. ; V^ ; ;lead.v¥ ti: y.' '■■■"'■ ■ Lead -ipeV ti?n; ' ■ ■\:i : :/ '.;'•/■ ■ JHIDE^iIAEEET; , ■■, '.. "-,': ; : :■;■.;):. .' (Bee. January '21', 11.5: p.m.).:. ■■■■■.■:"■••■■ . -.Melbourne, January 21. In,the hides market supplies were moderate. There was a. good, demand and prices, were firm. : .'-'TALisMANrAND .WAIHI'GEAND ''"■' ■ ~: ; .:.v 'i\<:a: : -> .-.. : ; ,: :: ■.^';V;-;,lß.i:...'Tsti£<!UAi i ■ a«3d.cj'a/ipn.) . : ": ■'■'_, ,-'„: ':. '■ ; -: 21.; ■■The. TaUsnian.Gold, Mining, Companydeclared the -first;: quarterly dividendof ls,;fid.'.per share, on February ,25. ,'■:. The.balance. of. the dividend will .be. depideq. after' the annual meet- ; ■lngisV;' ><';\ : Vi.\'.-$- ! !r. \-- 7 :>•-.:- ..•-'.■ of'the , shareholders' , iri-t'be Waiiii toand J unction.Company-will, be'held'in Lbn- , ;don; on: , -Janu'ary ' : -W. to'".pdnsidei "a' : proposal of ■the .directors for. the .issue, of. 100,000 shares at i £1 each; -./Seventy- thousand are being offered' , ■to shareholders pro.rata.', ~' ..:.v:,'.;;.," ■ •.-■