COMMERCIAL.

Dominion, Volume 2, Issue 424, 5 February 1909, Page 8

COMMERCIAL.

SHARE .MARKET. 1 - Testerdajr sales of Geara (X4*paid) at ilO,. ; :,Unioii:'Steitm:atXllss..(id., : NewZealaiid TPort- ■ land-Cement at JEI 10s., and AYellington Fresh 'Pood-at. 2sJ.6dj ; .were reported, S v ifirmiforihipst'of 'tKev.fashionable shares. :-Bank : .'. 'of- . New -Zealand; -' buyers' .£8 31s. ; ;:Rational. <K' disinvestment;,- : ; sellers::.,lls.) 6d.!; B.posit;', sellersi 9s.';' JJewiZealand . ..wiyers ,£IJ 135., sellers.; XI 145.;. .National : ::: Mortgage,>-6ellers (cum div.); Loan ' and: : Mercantile J sellers 3s. ,9d.; Feilding Gas, buyers 19s.»'6d;; "Wellington Gas, JES 10s. paid, w, 'buyers .fill 55.; sellers ijM2j .national „Insur ? :;;:%ance,^ffille^Vii::Bs. : i 6d:; ; :Sottth' llßritish»lns\ir- , ance, sellers iEIO 10s.;. Qear .Meat, iE4 paid, buyers £10-, £1 buyers iiS34osr-;-iMeat<:Export,"s£4.-said,-. . sellers-i;sj!i!2.-12s'." i Gd. bilyers «G3; Mana- ■ - f watu-Bails, J .buyfcrs l -,£2.l4s;''6d;; - "Union Steam, ': eellors : 'i;riss: Bd.';, Wellington : Woollen, sellers , X 3 2s. Wfe'st|ioi't 'Coal;' : - b'uVers ) .' : :iEO-'''lo3'.; : . , .sellers JB6 155.; Donaghy:Rope, and Twine, sellers - i£l 2s. ;-Leyland-o'Bnen .Timber,-buyers ;61 2s. 3d.,' sellersJi£l3s.'; New Zealand- Portland Co.i- ment,: buyers .£1 9s. 9d., sellers .'jet 10s. 6d.; New . ; Zealand Paper Mills, sellers i!l. 2s. 3d.; Tara- .■ s ; naln iPetTdleum, - buyers 7s. 6d., sellers Bs. 3d.; ; Ward and.jCo., brewery shares, 1 sellers ■ iEo; 195. : ' - •' * »f \ . <i * MINING-MARKET." ■ - ;' Sales.of Talisman at'«£ 2 Ss. Gd. and JE2 8s; ; 4Jd.- : and "Waihi at; t -£8 19s.' 6di -were recorded : yesterday.: vThe market exhibited a firm tone, -■ and there was practically no alteration ii^^the quotations,-which v/ere as under:— ;' t • .': :. 'Buyers. Sellers.; "Sales. _ £s. d. s. d. <£ b. d. Talisman ... 2_B .0- 28 6 28 41 JVaihi G'd Junction 1 6" 9"" — . — Waihi 819 6 9 0 6 "8 19 6 Waihi Extended ..0 3 2 — — Tairua Broken Hills 0-1 9 v 0 276 " N.Z. Crowii 2 "._'o 4'6 —' Tangiaro ; -o-olvi - Waitangi s ... ~r — 0' 4" 1 Big River • — 210 — j ■ N.Z. AND RIVER PLATE CO. , s ona wriod^thi9^ c oncernr'-was''known''a»: v- 1 !tQo New:Z«alana7Land'Mortgago: Company, and i-J 1 '"! coim^grable. sums invested. in Now land. Adverse-legislation compelled .'the "com"pany to retire from Nc-iV Zealand, and 'look for. investments .elsewhere. Tiie company decided °P°n the : Rivjr namo'/.0l .'tlie 1 concern was changed to .'New. Zealand -and/River S# l P t f.'l'and : "Tho^mveslJ: of;the "company"in total >£C88,25./4d., and: in : Bs. sd. , New- Zealahd Vi lost tile services'.of.ii'.siood lending institution, mnch to tho,-benefit of tho .River .Plate, where the company is •• - doiiig ;• a" . business, and steps aro being' taken - {- to ; greatly, increase the: interests ofl the com'i South American Republic. In theiK -: report, just received frojn London, tho'directors f 3 !']7" :RWJng - Alii JteaniviQpportunitifiSa foihteti ' iL' L - rendered an increase' in tho'borromng powers adyisabje _and, by.extraordinary general :ineetings of shareholders,' held" m London on ; September-1 and 22, -a- -. cial resolution was passed altering-'the articles .- :of association, by increasing Jthe- limit'- 'of- tBe 1 : ft; . nominal-amounts .of the issued. capitaf ' and reservo for the time, being/' The profit and j6 - °, ws interest . received: in London' Si-. £,! 1 .09- Ha.; interest and rents received at River ; „ Plate, £58,962 2s. 6d.,. interest and rents received in New Zealand i 358 19s. 2d, and there was F 0 ??? 1 from the previous, year.-i! 4269 a , s V U fv m a fc ' n g total >£65,861 The tit jyosutnTß lnterest. paid ' amounted-; tovy!lli674 ; ■ lls- - . after,deducting "of man-' ' jre l ' tte.'.lialance: 13si The dividend for the year at tho rate of 8 absorbs .£24,000, the sum: of .£16,000 iS-added to the reserve- fund, which now stands' - ' ward™ i - ' for!

DALGETY AND CO , LTD j " I re ?°!H- tio M>. authorise the v/i./-increase :.of ;. ther capitab^fr^alEfety: find' Chm'--Sln r pnrh f ® r^o .n""'°f<aoW fillttres of , eac ' 3 r fortotal 'notmnal amoant. nofex-' ; v ri^-' a ' '^ a holders heTd in London on Dece'Alier'aiksome' Jao «irolaKng: to the development'of .' s ess P f • t Doxnt, clmn-man Founded in 1881, the com- " then. qnly. liad six branchos, in Victoria, two 3Wi^Sydii'eyraM"ttt-c^liv'J'N,ett"Zea- • : Uwi ?? - H™*. aTO ' OT(!r 50 tranches' and . . : .feu b -brancli|s in different, parts.'of tho Common- . wealth and New ZealandrvThV character of M;■ a , business has entirely changed. .In 1884 - Anstralian trade was confined^ib. trade' between' trrcat Jintam and Australia, fn the shape of coiisigniCTiiis . Homewards ouftulk of Brjduce is sold m Australia, «nd_ a, large r proportion', is taken ..for : t^?cE«Sge^iecessitatlng'. , i' ■... . Jar g<j, putlar for.. wareEtesdSi*' ric;: .-Jilr. >Doxat raontioned .forther, that the company has, on .. . ;: .tho,averag(>, dividend .at:'.the jrate .of ?; , - i.': «em Koodwili, which :£tood'. ,at, has ' v. V P: i.-r rc^ rv s f und "'ofv^27o:ooo,' and a 2 ."^ls,ooo;^.besides v >vriting down., freeholds and - premises 000. ?kV S provision for bad and doutbful debts ~ pese said.Vivould . ' tlla \sn issue/of preference shares:would, . . i 1!. ?*! ? gopd. m'arph; of pro-' r-ij?■ *-®;.?3S n :'f e st advantage-of .existing'share-':' ... .holders.. . . .The resolutions-, for; the:"increaso : of- ■ capital were earned unanimously. ■ -u , n NOTES •.:.- ■" - J\ a nd "from the., Philippines state ;;,thai trustworthy . .information from ,the island • - . Lujonj .recorded the :destructioii: of 36,000 » i -Quintals of;tobacco -leaf,"valued.,at'\£so,ooo, by ..- : >.::: -;'. a , rec ®U^VrvP,. o ?u*,"., ; Groovingcrops, rhowever," ~ A ,i no , "^crialhv..damaged, .and as,-cxcen-rjf na J 'y ' a rs® stocks of good leaf are on hand • y<° disaster isanticipated, to; have; little effect • .upon; the. ijanila tobacco '"markets '/'VP" '''* : IVi-iC^rAt-^ : the/:present.date ;,Natal. has o-rer : 750,0db'' v,v B P e 9P: producing anuually. tir»- :' wrds of { 2,000,0001b.- and 200,0001b. of-wool:and .•. i. respectively.' -':'.' Experiments L are 'being " ad , e « tup export of frozen lambs to* the " - i tesfc-.the, prospects" of eventually establismnjj a regular trade. The Chief Board ;of ?-Agriculture ? in Russia : : pjoposes. ta spend XBOOO 'on the organisa'tion of W : uiied for "public: instruc- ■ i??'nnn W O , ~ industry m,Siberia. v;,-V- : ' V:. It is Stated qn-'eood authority that the Japanfer the .sawmills to private companies:.; There are hve. bovernment sawulillfi, .tVee.-of whicli , ,aro,located m tlie Kohe consular district. Tho actual revenue for 3307-8' is: unknown, as' the accounts have not yet; b,>en'settled,'but it is estimated at £207,750. Tho Government had ini the • .i.; v of .^ e ..prwenfc;fisc&l t , which the coW <of Natal has -mad? ™' J0 of a&ricultu>alvand. garden prodyra-m . .... 1903 was -m^tm^M.OOOi.ftrni'ftird? , , ons . wMM;'Qf ; ',fopd■ and'flrinlc^^lB > 000* : 'as' :i i-.. a S a i lLß ' ; £526,000; and dairy, produce £524,000 as „ against £380,000, £a4oi£LArMliction~durhu; 'this .' quinquennial. peri^.or'^q^millfon/Bqim

■:to'StabHsh . a v ?l reau of,. General .? Mining- Business, ntfde*' , .which, according to<*tho.. local' American - Consul 42,000,000 18, to boformed"f)y?both< Government ; ;:-ana merchants. With' this capital the coal x/antimony./and metal mines that have been already found in Hoi Km .and Pun_Yiu. ctc, v/ii*? 8 first exploited. ..Modern machinery *iH be,purchased iorvwl.wg the mines, and - th PMedMsC6S'Sttl,Xtlife, . funds and capital of £fce company Tyill be increased to work other- minesMtiU'th^ed'riW- ■ l ° t ] le / epor £ , of the German Iron snd/5 nd /. fa 5 eel : l lanufact u rerßp?As?ociation7.-the' pro-' / auction of pigiron m Germany ana luxemburg- -;:/, amounted ■ to 12,073,632' tons,: in 190^-85^0# ' ; P"?™. y® 7 ,Bo7:tons in 1906, 10,066,553 tons " 111 1905, and 0,645,809 tons in 1900. Of the 1907 - . Production, 7,599,574 tons. were -pigiron > inaSe-to 1 . ; 'i Sleme S^% rt ' n furnaces. :In addition there . *ere 200,493 tons of, steel castings. / : -; A table gii eiu by "MY."' Lldj'd-Georgo in" the . Parhamentary papors-.m, reply to a question by Sir John Deivai shims that tlie production of whisky in English, Scottish, and Irish dis? .been about the same m each of year; it,, appears, f . tliat there ,were v distilleries using' riot. stills only, : but m .Scotland 10,510,438 gal- , : 3,593,1(4 -paHons- !!!-' similar estabUshmeiffis ; in iljeland.! -English distilleries using pat&ftaiJU,' ??fe l nf7 rod T d 9 •: Scottish HUSHC77 callow, and Irish a £31,673 grillonflL

and Irish 2,831,673 gallons. In English distil--leries . where ; both- pot >nnd 'liatbnt - stills are used, 4,114,034 gallons jrere • produced,: in Scottish 3,066,443 gallons, and in 1ri5h:5,540,934. " The Customs, revenueicollected at Wellington yesterday amounted t0,',.£2116 Bs. v 2d. f .- LIVE STOCK- SALES. : Messrs. Dalgety and Company, Ltd;;.report :-t----;At our , Palmerswu sale yesterday there was' a ■very good, entry'of sheep,-:all of whch were disposed- pf .'rat "atfption.' Quxatiptfs ewes, •Bs. 6d.aged ewe.v 6s, Stf. ; -.f.m.' eyes; 9s. Sd.; oull lambs, ,6s. to 6s. 3d.; small, mixed twotbbths; r 9s.'; forward'ewe's, 9s.'3di; woolly lambs', 95." 6d.;: two-tooth wethers, lOs.Gd.;' ■ - - . i FEILDING I?All FAIR. • rA - Press- Association message. from Feilding states At. the annual 1 ram fair yesterday 1600 .-jams.'jvere; .offered,, but a large number were ;The . highest price, paia was 10 guineasfor one of Mr. E. Short's stud rams. . t ' • LEVIN WOOL AND: HIDES SALE. 1 '■: Messri':SwaMs6nvand-Beyan,;Ltd.j .report as follows', on: their ,- sale" yesterday The. total offerings' at-the sales 1 yesterday- comprised 23 bales and.4rj.fa.dgos of wool, 1080 sheepskins, 270 hides, 4 casta and 23 tins fallow, and the usual supply.'of-sundries.' There; 'was a good of ,'buyers present, including some .re^rwentatiyesjjf'South:,lslaiid : -flrm6:' Cornpei titioh'; wis "Very .' keen,: arid '' we are pleased to report improvement in all lines. 'Hides ; were ;frdm\'|d.'. to';}d. .-higher., than last .Wellington ''quotations.Our''catalogue comprised some prime line's in cowhides, pelts; and lambskins, and we obtained the highest prices for ;'these lines.* ''We- realised:, the following : 'prices:; r Wo6lrrCr6ssbred:." .fleece;-- .inferior, : s}d. "ioVSW:'; "'crutchings,: 1 .'43 d.'; . piece's,'- 2Jd., 23d., to 35d;; locks, 2d. to. JJd..Sheepskins—Jlediiim .crossbred; sfd. j half-wools, 4Jd., to 43d.; lambs, :sd. .to 5Jd.; dead: ftnd; broken, 2Jd. to 3Jd.; dry .pelts,'. 3{d.,'::4d,i" td'.ijd;green Spelts, Is. .7d;; Is. 9d., Is. , lid., 25.,. to 2s. 3d. -'Hides-Ox, fV.cows'i (heavy;: sSd.'; . medium, s?d. .-to s}d-; 6ut;hi'dCs, , .4?d. ! ,to.:4jd.-; yearlings', 4|d.; Balf,' ,'-Tallow—Casks, iE2O ss. I'ip lOsff tins^W.'.^::Horsehair,'- lSi . Cowtips, Is. 2d. per dozen. v - ''.-. FROZEN MEAT MARKET. : (BT TELEGEAPH—FRBSS^ASSOCIATION.) .fjapier, February 4. . The C.C. and D. Company cablcs the following report :^-The'frozen meat mafket-'is v'pry weak. and:'tlie "outlook much':depressed, The demand for r-11 classes of meat is poor. ' Values has de.olihed;' and are : expected .to gp'.'.ldwer.,"' Today's ,^(WfiW;f(^twWi^2n*ittoß,'»B|d.'; ;\yell^gtm,'; v and ''.'lamb— 'Second quality, MJd-'Beef—Hindquarters,. 3Jd. ; forequarters, 2}d. : ' " LONDON WOOL SALES. v :: RENEWED 'AMERICAN DEMAND. (BT TXLKGBAPH—PRESS ASSOCIATION*—COPriUdIIT.) < London, February 3. : ,-The.,wool sale.was;more anim.ate.dl:'Therewere. brisk ''American^biddjngs.' ;;:Cr:6ssb're.ds and best ~mennos>6how- an advance. - -Best crossbreds are now from 5 to ,1\ per cent, above opening rates. .The;follpwmg. : priceß«were! realised i-r-R S over T, P;KO : 'SuD^ (DTVTBtEGBiEE—PRESS ASSOCIATIOJ^-COPTniOnT.) London, February 3. '-i'The-'.American visible. supply of'. "wheat' east of the Rockies is estimated at 75,781,000 bushels. vHVheat- 'sold at 375.; Adelaide. January, at. 375. ljd.. , , . ' TALLOW AUCTIONS. 1 (BT TILECEiFH—rEESS ASSOCIATION —COPYRIGHT.) / ■!.- London, February 3. • At the tallow auctions 882 casks were: offered and 163 sold. ' .Prices;- were;unchanged. : METAL MARKETS. (BT.-TBLEGIHPII—PRESS ASSOCIATION—COPYRIGHT.) ' , London, February 3. -Copper.—On spot, J658 55.; three months, ,£59 2s: : 6ft; electrolytic,'.£62 15s.' ■ . i -. Tin.—>Onv the 55.; ■ three months, 2s. 6d; ; lead, '.£l3. ' 1 > j , HIDES MARKET.- | (b't ißtXGßArn—i-iikss'association—coriEiaaTl ■ : (Rec. February 5, 1.6 a.m.), ': Melbourne, February 4. ;, In. the hides Market,: kips and light were .'J lower, others -.firm.