FINANCE AND COMMERCE.

Dominion, Volume 2, Issue 416, 27 January 1909, Page 10

FINANCE AND COMMERCE.

THE SHARE MARKET. < ;'-:/v , ;--Tie-l%arkatvisy'exce^tagiy-'quietV' , *aifl : ?th'e> -j ;i .v : very restrioted.-'i Yesterday a::sal^bf ; •> .A' .- Wellington/WooUen sharies at;l£3',2s. was made. 3 : .i i.'TKe, qnofcations s f»nynuS;firnii and in.same cases J:;-!/themare..slight\idTiiiioes.i i Bai : s ; '■ J Banks,' bnyers 25., .sollefs £5 s's; ;.-Ne'w ; .,'Z'e3- ' land'and lUver Plate, buyers .21 lis. 3d.; Feilding' Gas,- buyers,l9s. Gd.; . National' Insurance,- ;.. . buyers - 9d.-New Zealand" Insuranoe^ ihuyers .£3 16s. ;;' South- British,; sellers :■ i! 2 "!los'--4<- ' IP]' Christohurct'Meat, buyers lOs.'/i-G'eaS 'i (£1 yaid), buyers £2 9s fid , Wellington Meat < :; Eiport -"(-^£s' paid),-, sellers iß6' ssf., ■ (£4• paid);' sel- :< •lcrs, .£5, (£2 12s. Gd. paid), buyers £3-, Hana- ' - watu 'Rails, buyers : £i 145.; Wellington 'Wool- •! len,'buyers i! 3 Is. "6d., sellers £3 2s. Gd.; West- < fort Coal," sellers .£6' 125.; Leyland-O'Brien Tim'- ' .ber, sellers' ,£1 35.; "New Zealand Portland • .. Cement, sellers.. -10s., -(new issue, 12s. - 6d. ■ ;i: : : feaid), buyers 20s'.' 9d., sellers 21s; 3d. . THE MINING MARKET ;i r - A sale \ ported, arid-two^sjilesof*'Tjilisman"aUS2'Gs.''9d.' V. : ;; were' made'oil -V r': possibly ■ because . the,' pumps": ,: were : .set Agoing; ' ■ i : ;•^yesterday-,to;' imwaf erthey-mine.CTheVreef L in : ■ the Waitangi . was cut -the- other day, and is , proving very rich on analysis. ; . The market ::,-:'quqtatipn;- ini Auckland .was:; buyers' Ssi;sd;,isellers ,3s. In. the /Tangiaroolaim.. the-Golden • .v i Shore reef : was picked up in the cross-cut;-and v is reported to be a foot The Royal Oak shares bay® jumped from Is. to 2s. 3d. in threo days ; iwing to the. discovery of a reef. There were ho usual number' of quotations' ycsterday. 'arid 1 ; ; hey were as under:—' ' Buyers. Sellers. Sales. •'-

NZ.'PORTLAND CEMENT v. : ■ The dire'ctbi^ r -reporr for tha year ; eh(lcdeOo{p-t i . ber 31, 190S, states that the-capital 'bf;th'e'eoi4j-v panyhad been increased in July.. last, and ; xip' " . to data the sura of 12s. Gd. per sharo had been : .-'caUe'd 'np\:iii.Te_spebt:.o!.4o,ooo new;->hares/then created, received ori ; the new is- , ; lUejof shares,-:.:-'>4lre6fc;to';tKe ; : ceived from -the;'. aboVft'' source -S had ■ been ex- ' ' '- pended in ''payingoff'the bank overdraft . (at 1 T . ;;; : v that'time"about :i615,000), :the : ipurehase; and. in-; ;y;.^'';'/BtaUatioi : ;''6£^neTr>'enpnes,'":toilißrsi , iVan3:'oth«r: : v'-.': I 'machinery ifijund necessary,' besides, th'acost.Vof. L -.'considerabl^'alteratiohs^ith^old^i^^v^hai. ? Vorks, werb;iidw }n' -a ; The'continneil ; .of tho company having- secured • several'' large" cbntTa'cts'-recently. hadi'caused' the 'directors-to. •V with the erebtipi 'of a third': :;,'rptarykilnM&necessary. subsidiary machinery. - : 11l consequence'of this projected: outlay the whole - -ofj; the uncalled-.capital "would, it' was .>ipected; : V "v. '.be required,,'andwould' ; be called-up-'within thb next few months. 'V The net profit for the half-year ended Octo- ; v : :bet-3l; 10.08,-' was i62856;i185.:'11d., 'and ,there Iwas ,credit.balance 9s. 7d., which the lireetors regarded asisatisfactory, considering ."ii he'adverse : m'ny .had 'been recoiSA'! 8 nended that.the whole'ofithe; amount at credit- ■ be.carried : .fprWaf d: in; tho-meanwhile,;- an'd^.they; hoped to, be ill- a; position to - declare an interim*; NEW ZEALAND* HLltpV^ v- ;•; The High; Commissioner's '• reportftith: res jjeiifc; to'the hempWarketvifl 'not very :encburagui'g: i . ■ : "No: improvement' can be, looko'd for until' there' are lighter shipments from Manila," which'establishes the -fact that the New Zealand product is',being depressed:by the" Philippine pro-' ""duct, . a.:matter;which' some people were disjri-, ■.clined to admit. ;/The\questiori is, .'when'can we' -look ;for lighterVshijmients from'.Manila?'For- : * months the siipply from.. thiij -?source has been ' Americans have got the incluitri'.' wellthunder 5..; control. . ;i: They are pot likely .--/'- pre-eminence :in the inarket : .'tb. them, and we may b% sure thatrsuppliessfrdm -.Manila; w'ill continue. ;l to be ample" for,tjnaTke't--. requirements.:- Since tha beginnme.rfrths , y<ar} ' v Manila output - each, week, has' been '-'as! under:— ;; ■ ;;V .■ ■ ■ ;' ■ Week ended— . "y- ■- Bales. - ■ January. 2 ,£5,000 Y ' January 9 .v.-...■ l wCi?17;000"''-'^ : January 1.3 i;;.,"23,000'.\/i . January 23 , ... .f... /. ...[v'.';.'..''3o,6Co;V.' -;,95>000'-'|| What are the .New Zealand millers to ;do under 'the-circumstances? arid whatkelp is.the Department of Industries and Commerce capable of. rendering the industry? Has'the Departs ;. m'ent any information'io give the millers? Has . . it., the facilities': for. 'getting any information ; other: than that,given' by the High'. Commiseioner?,;' The!.hemp' industry. is rather an lmportant; one ">for New-? of the : fact :that.-it absorbs', so, muoh-unskilled labour;: and euch' an ; industry is badly' wanted in tho Dominion.

The Customs revenue collected at Wellington yesterday amounted to X 5911 35.3d. ' LIVE STOCK SALtiS Messrs.-Abraham andi Williams and■ the New Zealand Loan and Mercantile - Agency,: Ltd., held 'stock '. sale's yesterday, atvPahiatua. ■, There was a' good yarding of- both sheep 'and. cattle, arid a: good'attendance of buyers.- The .quality ot : " Wavy' cattle, was only fair;, atid prices showeda slight decline. 'In other lines-prices were,well' maintained.• • Quotations: Sheep—Forward ,4->-tooth.wethers,' 125.;,2-tooth wethers,(los. fid. to--108. • lOd.-t.-iMooth'ewes,kl2s.',2d.i-.w6olly.;.lanibi,'

9s. 'Bd.- to 95. ,-lOdr;, culls, ,to '55. : 3d.; to. 9s. Bullocks, JIOSS; threeyears; '905.'.t0; 975. -6d: J ; lialf-yearß, .795;-to 'a^Veigbieeii^oiii^'iSsi jSfcs enipty to 275.; -fat' Cows,. G33.; empty-jfonv'ard cows, 505.; bulls, 40s. ' '. V'\;; '■-r '. M«s?rs;;, •B.alee^Wd.j^ our". 'rHtaterytU& sale"' yeste'rday.,':' J ttier;e :• wps ' is[gobd'/jifeKfof -a lair'Jyardiiig of. : cattle;ii;^U;-tfere : in/good'dfrrtandv.'.-.We'quote i-r ' : CulFlambsi ;3s; 'ild. ;.tp 'is.'ldl; medium l&"mbs, ,7s.';2d.Tgood, rapi! lambjj shorn, 9s. s'd.'; wP6lly .lhmbs,v9j; J.7d. : ;- 2-tdothS wethers; .'sihall, 9s. 'Id.'; ;.2 ; tpbthiw'e.tHers,Vlos'; Bd.V : souhd-ti'oiitM tyres; ,9s. sd':Y * 13s;* Gd.';' 2-year' steers,' 'JO3 Is. 6d.'; 2-year heifers,'JS2 7s. 6d. "'"TiiderTTiSte TJaftuaTy.2B;; Messrs.Abraham ieport as; fellows th'pir iJohns'onville full 'yarding 'of both -'cattle' and- she'epMyereavell up' to' 'requirements, 'Beef : made' 21s. ,B pe£' hifiWred; . Besf J2B" 12s. ;6d ?. to 7s, '6d\ j lighter,' JEB .tb-£8;-5s.; ■light,'; bullocks; \£7:-:7sl-;Gd; :; ,to '■ '£7'''lsg.'; heayy fvTether.s,' : 13s. ;10d.v, J,45.j;.8d.. to.: 14s.' lOd.; "eood : wethers; 13s/ 6d;;; best 126. Bd., to' 135.; -lighter,' lis! 6d.';. .unfinished, • 10s. '7d.; lariibs, lis Gd. to 12s 3d.' ' J -if2':Ll i, ;... -■ T"" 1 CGRAIN MARKET " -- (B,T--TELEGRirH—PRESS ASSOCIATION.) :r,;:vi..:>:/./>■ s Christchurch,^''January 26. ''V'^tl^nzlt' : the new, season's grain ,ca'n;- hardly , : -be'saidl to have opened, yet a few odd-; lines' ifeVoHahging : hands. Offing to 'the ( threshing 'has. ,beeii d6n^^but, J last ; .Gn'e;6WaU>;lot»,bf! Whgiti 'has been'purchased by: =a afc 4si to .supply; immediate wants. It'll eipecte'd.'tliat*thei:e will.be a' fair x demand .for"early.'threshed lots,'as some of the smaller 'millers''istodtsijoffl.w : Heat; are' yery" low. ' The principal- btwtness' is being done in feed <*als, i wMcVr'3K,f3di':is being ' giveii at; country, price . 900/ btishpls 'of Gar-.: !tbtfs':' plirchase'd';. iFor milling 'jsamplia samples are B- bemg! r otferea, * "aifd 'lip to ■ lis; "Sd.' "is .beingr %iKedr. ■' -A-'.fewSSAttTfilesof.: 'barlej'; ; are . being offered, but 'tbey are .more ior less' discolo'nretl, and'.lail to'.flnd-'buyers at present. Ryegrass is "bfferinjg- fairly-freely; but i the'.bulk of 'the .'cprlyj.thresh.ed; lots; is,.not,meeting, with favour ?&bS6u^^ , d^i r E;:' i>

'" _ WHEAT AND FLOUE ;(Bt TE^OBAPH-r-I'BtSS''iSBOCJATIOK-^CprrBrGHT,). "*>-j.m.'v V'-- . London, January 25. , vThe;,total- quantity o'^-wheat ' and -'flour -afloat '-for -the 'United;-"Kingdom 280,000 quarters/ " Atlantic shippients,; 284,000 quarters;' Pacific, 26,000.; . SILVER, : 1 Bar silver is quoted at 23 15-lGd; por ounco standard. LONDON WOOL SALES. {•IT TILIGBirn—riIESS ASSOCIATION— COrTRTOHT) London, January 25. - At;,the wool/sales 6hbrtjfaulty : 'merinos.'werb •pombwhat .irregular. Crossbrbds ;shbwed : a;harowing toTa-'strong ; American .demand'.-..' ' -ffe:- HEMP. - v; a: ; :v. ; ; v ' Departmerit-'pf Industries and Commerce froniVthe 'Hijjh /Coiimissiorier in 'Lohdoh- additional ■ cable advice i'^jtliyfegard-.to :the hemp market, dated January is. lifeless; '-.and, no improvement' ean' be .-looked for until there are lighter ShipmeMs.VfrbnjV-Manila.'Last' week's Manila! output; amouiited'- -'to' 30,000 bales.

WELLINGTON' SHARE LIST. If S d f! p« ilj •— '™ ' '■ ... ■ X. X •. ■ lliaUp ' Forward. ? Ml""!.-, ri.£ • ' r ,, „ Ust ' Investor XX.X.r-:.X>. Xw--..XyY'\- .X'.-X'/.XX '■ " o : fl Borer.. Eeller ,g &l8- . "x'.XX;W^XX®*?*?".;^:■ ::?,/■ £ x 4 ':'. f, < ■. 1. ' s. d. £ e. s. £ s. a; 5,000.000 'EM.® 1 ' -v;' M ';810 0X612.0 .'Bir'6 317' n ; . - ? U "* . ' - b?s,lWJ * i v 25' " k*. ! Ti 5 (-2 0 - 6 5 0 fi 2 0 617 7 ■ -J-' X- ■ ; - ' ' : NSw°?iil.-H "• w w -< -'lCM)00' > " « w 'l 7* 0 1 8 0 1 8 .3 . 5 6 2 -■: «®W-uG&i&QCl xm* \..' m* . *m w « W*1 ii)Q -Oito|Ol4 .irt q 1(5' 0 . • . • ' riti811 "• ' - ™ : ~ M ' M l» u .6iJ I <4 f2 !! 'f 210 0 : ; . btwdard- -_ r . liJiUA , •. va.oM,. : * ft- .ft 1: u: 0 '1 3 0 1 2 6 6 i 3 1 finANCiiyUi■ ■?'' >•■ x. •■. ; ''..x ' >'. : X, '■ Equitable Bnlldiae ... ..1' - to,ooo W,s«. ... ■ s - . ig 0 0 '• ■ ;; ''' ; 8SS?iS2^ tan i VB,, H®? ,g x.~ X~ Xd.oU) iia%vVnU;;v? w Tr,Kn;,,-• 12 0.0 516 8 : • .weiuugton ... ... ... : . to.ooo .J 1 * 6 ?.- < ,-:'i A - o 011 0 -111 c •' cu 3 5 6 b "' ' -V '.'•&• •< '/#' "1 •4"0' , V. 7 7 -6 7 7 0 5 8 10 ' v ' N-/ 0 " 8^ 0 ;"' ■ ."• •■• iUJ-UOO ■ 1*M» ° ;^;-b„v -10 . \ -3 .0 0 • • -1 ' !'?*£ .j ; Tel ' ia^6 : •". *.' •••: LUJ.uOG ; ; nil , b 1 X11 3 . 1 1* 0. '-.I ll Si] 5, : lu: - s l ■ 10 « w . ' : -v-.xxl v:."*. ,'' xv.-' i„.'\. x • '-' is0«370• • •'• £5ii63-. iiii. V7 , • ' -: : - : cw : c ' : ™ • Ic n - .*** -; ■,: - > - -^ Qth '-■ ■T"- ■'-$ : - v .' ' . / , /:■: m. - v Mt i t . ' sr:": 44 ' ynia-* •;■• •- . 'V J-': V.v V: • • ,vv ': "' * 183,727.' -vS2,685 > 6 ... '. 8.0 p ; ; -; ec»r -„. • • „ .. . •• . ~ •"". . iw.wf : .'?•<>« . iu- .".I' b 10 io 0 1015 .0 ,.'. ■ '• •»' '' »• ' i.. - ...'—r "" •"'• I :l».W 115.013 1.. »il. :12i . 2.a-B ... 2 10 0 5 0 0 WcUiuKtoii lleat Export Z ' T : i V, -1/15 6 '.'' *-T • I V ■ ' : '• , ■?' 'J i," : LU j, . . ( I 0 ■■■■■■,: 1 . „ 'X'i-J".. "' '."'v •"' | 105.765 17.950' t . . J: '•(, ; :s' o U ■■>:■'■■. ■ ' ; , ••:• ••.® , . aa ' <L ' 1Bl ' . = ..~ ' ,'6.m ? :%[ 017 8 , " .TRANSPORT. .; '■.. : ~ '' ■' j:i x ;^ -i7fl.«i0! . \ ; ' t f J4 ,0 oil's ': ■ ' V ; buam•' V: m -v-vomO, b nil 6i 612 6 '-"V ' - 1 ' ulL . 116 : 3' >U6 6 . 5 4 1 ;. .* ' \ > :,?'* -.vi',' •". W. ., A f -.v tu.;.-V 'V'-. . ;>V'-.\v - V' . :• 'a ■• •; ■-• ■•' 'v'.," •••.-•• ; •• • : T»up ? r?' - r-: . w '' -■ :. JEO.OOO 1^7,431 . , 3J js' Bi V ; V '.'■ 613.0 ' ' ; • % :•. « . ui.uii 1.WI, . iii. 1i bll-M ■; 5o«?n ■ ™ *" . w 3CO.COO .. e ' nil 1.x'. ; " - %cliiaiton'•■ '"** ' — w.457. • i7,otb . bs 15 5 217 .■ 0 .. .. . '"iY"-;'"- 1= ~ \ 1 'i ;: . I- ' 3 ; 1;'6 3 a ,'6 3 2 0 -'71410. V&'x..■■'■ . ;• MISCELLANEoiiS,:.. ■ '?y.p'^ ! £j iJ?/ ■ ' w ;■ £3^001 ' r ■ 1 . nil 6 • .110* Mwiricerille Lime • • r . | Eilf v7i .l:,9-9 L 3,0. i '3 0 6 10 5 •..KiS.-Candle • " •'' •.!•"*'. ■ : H°- ?1 •® u ' o- i<3 o ' «.2. i-ipor Mill'; ~ .'S n !|x ' t 8 0 3 9 »: o a o 514 B ,-KiZ. .Cwnent^^'■•■■ ~~r ~ ; - , 1,0 5d - 1 . r > 1 "1 9 1 2 3 ..' : ' mi u w.i : • €S5!:i : a : B <: : . • - .••• •:■: «.£M £0.153. -;«i Y26; jio, 8.i6. 410 ■:«• , The alma quotations ar« taken from the dulj, oficial lists of the Wellington 'Stook

--.i.s. d. ,- jj.®.--d.- •*■£ s>'d; -i alisman 2*6 6 V 2 7 0 2 6 9 i I 8 17 0 8 19 0 ' - — i Waitangi . 034 — 0 3, 4 j l'airua Broken V ; r - Hills 0 1 9 0 2 0 — N Z Crown 0 4 2 — — , Big Ruer 1 16 6 — —