FINANCE AND COMMERCE.

Dominion, Volume 2, Issue 448, 5 March 1909, Page 10

FINANCE AND COMMERCE.

•THE SHARE MARKET.

Sales of Westport-Stockton it Bs. 9d. and Ley-land-O'Brien Timber at «£1 2s. Gd. wero reported. Bank of New Zealand, sellers X8„145.; National Banks, buyers X 5 Is., sellers =£5 35.; Equitable Building, sellers 105.,; Wellington Investment, sellers^lis.-3d.;. Wellington Trust and LoniVibuyira. sellers' X 7 35.; New Zealand anjl.River.;Elate;! buyers: X.M3s.,'sellers XI ';13s.' 9d.; New Zealand Loan &rfT Mercantile, sellers 3s. 3d.; Wellington Gas (XlO paid), buyers .£lO 155., (X 5 10s. paid), buyers Jill 155., (new issue)Pßujr%is2l23S ea^Jremrfto; i National ■ Insurance, sellers Xl_ Bs._Gd.; Gear Meat (XI paid),ib«yers.rX2 (.£2 12s. Gd.,; paid), buyers ~£3, sellers, ,£3 15.;6d.; Union Steam, buyers XI lis. 9d., sellers XI 165.; WeliingtonJWoollen (ordinary), sellers X 3 Is. fid. cum div.; ,'Westport-Stockton Cqa!, v buyers Bs. 6d., sellers 95.; Kuiri Timber (15s; :paid), buyers; lis. 6d., sellers 155.; Leyland-O'Bri'en Timber, sellers XI ?s. 9d.; Manning and Co., sellers XI;, Ward aiuK-Co., sellers X 4 17s. Gd.; New.Zoalaml Portland Cement, buyers XI 15s. 6d.; Taranaki Petroleum, buyers 7s. THE JUNIXG,MARKET. J Sales of at 11.-fdl, fyaftiv nt X 8 lGs.,"and Tali^man^aKX2 : "ss,J.6d.'.' and X? ss. 9d. were reported/ahu 'twb Sales were mudo: of Talismans at X 2 fls. 9d. „. ~£ha is under:— ...... * y Buyers. 'Stifts!' ► , Xs. d. Xs. <L Xs. d. ! Waihi ' Junction 1 5 6 1 6 6 — Waihi ... .;. 815 0 -8 16 0 816 0 Saxons 0 1 8 0 110 — Waitangi 0 2 9 0 3 0 — Tairua Broken Hills 6,.... ; 0 - 1.-9-. i .i0..1 7 N.Z. Crown ...0 4 2 0 4 4 — Talismans.... ... GO 25 9 Consolidated Gold- ' fields ... '' ... oif 9 — - Big River .... ... 1110 1.17 9 - Blackwater ... 019 0 -s — — > MOW AND SHARES. In. their share report just'issued, Messrs. Harcourt and. Co. say:—"Money''conditions con-:, tinue to bo very unsatisfactory, and there is no immediate sign of an injpxoyejiunt,.,consequently investment business remains practically at a standstill. .shares,have, not fallen, and the return of'interest that' was considered ample a few months ago.. will-not now .tempt buyers whsn there are other safe channels offering for the investment of funds ivhich show a higher rate. Therefore, unless a stock has promise of a riser .iti'-market value, it ;is left soverely alono at present. That prices . have not come down to bring investments,',into line with existing monetary conditidns denotes the feeling of holders, they appaVehtly.-'.viSw ■ the present tightness as only a passing; phase'.'"

iietropolitan building society. The balance-sliest* of 'this' company';' for,tho, year ended February 15, shows that a better business was done than in the previous year. Tho net profit for the year was .£4241 7s. 9d., and there- was._brought forward 42188 10s. Id., leaving an available'balance of. <£4132; 17s. lOd. The dividend for the year, at tho rate of 7 per cent., and the amount:credited/®" shares,, absorbs .£3292 os. Bd., tho.sum of,,£looo,has been added to the -reserve-' fundj-' which" is, double tho amount previously made, leaving 17s. 2d. to be carried.'forwarcl;'.'lff their report tho directors state.:-r-''.Qwing. to..the stringency of the money market tho board considered it necessary to-conduct operations during the year with caution and on conservative lines, therefore loans on mortgage show only a slight increase of tC1920, and now stand at £110,383." The asset*; besides'loans on.. Mortgage, include loans on shares .£lO-15 2s. 7d., bank .balance £755 13s. '3d. The fixed deposits held amount to .£51,629 :-17s. sd.

The Customs revenue collected at fellington yesterday amounted to>'J2S9s.'l3s. Id.

FRUIT' AND PRODUCE REPORTS. Griffiths and Co., Ltd., report quotations at their fruit and produce markets, held yesterday, as follow:—Potatoes, choice 3s. 9d. to 45., inferior . and, faulty, 9d.,t0. 3s. ,6d.; onions, •Ssr'ttf*localsi- cabliages; Is.- to Is. 3d.sack; cauliflowers, 3s. s Gd. to -Is. Gd..sack, in-, ferior Is. 6d. •to 25.; peas, •Gs.-for"threctquartor-eacks; beans, Is. 3d. to Is. 6d! Mb. : ba%s; tomatoes, llutt, ,1 3s." ; to' 3-i ;Gd.; 'lettucJe;- clifiic.q' for banana 'casevin'ferior-;3d. to'ls. case; plums, choi'c'e ss.'half-efiSeS/prinleSs. 9d. to 4s. 6;!.; apricots, small, 2s. Dd. to 3s; 3d! 1 ; peaches;- 1 choice desserts 6s.'to. 6s; 9d.,- primo'4s. to 55., cooking 2s. -;9d. to '33. 3d.;' apples, choice desserts, red, Bs., prime desserts 4s. 9d. to 65., choice green-cookers ss. to ss. Gd., prime cookers 3s. 9<l. - to 4s. Gd.; nectarines, 3s. to 45.; pears, choice Canterbury 7s. 6d. to Bs. 3d., prime, 7s. to 7s. fid., c00king,.5.5. to ss. >1.; eggs, Is. 7d. to Is. gd.; carrots/-2s". 6d. per sack; parsnips, 2s. 9(1. per sack; beetroot;,'3s;! £* L Extra good potatoes ,frci ay.e, jti, keen demand, and ther? 'is" a 'tendency ~fdr 'the market to rise for all choice vegetables,... Stone, fruit is getting scarce, and choice'lines will command big prices. LIVE- STOCK" SALES. ' ' ' " Messrs. Dalgety and Co., Ltd., reportj—At nur Palmerston sale yesterday thero"was""*a' good entry of sheep and a small entry of cattle. A fair clearance, was .effected. ,-Wfl quote: Cull lamj>s, to Ss'.'r'medium ,l:ynbs,, 65.. Gd. to 6s. 9d.; mixed to 7s. Gd.; f.iu. ewes, 85....1d.,.t0.„9.3.,,1d.; 6-tooth and f.f.m. ewes, 10s/ Bd. to, lis. ,7:1.2-tooth wethers, 9s, Gd. to 10s.. Gd.; -fat ewes', ; to 10s. 7d.; fat lambs,, to 11?. fat ami .forward cows, £3 13s.;'fa:'heifers, to Is.;' weaner steers, to 2Us.

Tho New Zealand Loan agd.. Mprcajitijp Aeencv Co,. Ltd.., report that a medium entry

WELLINGTON SHARE LIST

of sh,eep and a small yarding of cattle met with moderate inquiry at their Palmerston sale on Thursday. Quotations:—Cull ewes, -Is.; 4-tooth ewes, l?.s. ?d. to 12s. lid.; forward mothers, 10s. 9d.; Romney rams, li guineas; Southdown rams, 3 guineas; Border Leicester rams, 1} guineas; English Leicester rams, 2\ guineas. Cattle :■ 2-year steers, X 2 10s.; fat cows, XI .JJls.iistore,cows,-3Gs.;ibulls,-X2 17s. 6d. to X 3 •12s; 6(1.

Messrs. Abraham and' Williams, Ltd.,'roport that, at Palmerston North on Thursday, good yairdings of -both' sheep and oattlc came forward, and, though prices are. lower owing to the dry weather, a" good demand existed. Satisfactory prices were realised for most lines, and very little went out unsold. Quotations:— two-tooth' Romney • ewes, 18s.; good G-todth and•f.f.rii; ewes, 12s. Id.; 4 and 6-tooth ewes, lis. 2d.; 2-tooth ewes lis. 2d. to 12s. Gd.; ■2-tdoth. to :fcf.r}i,-ew,es, 10s. 9d.; 4-tooth to f.f.m. ewes, '9srß(i: to" ids. Bd.; 5-year ewes, Bs. 3d. to Bs. 9d.; cull ewes, 4s. 6(1.; lambs, 7s. 9d.; cull lambs, 4s. '2d.; forward bullocks, X 5 65.; fat cows, X 3 17s. 6d. to X 4 45.; light fat cows, X 3 lps. to vX3'ls'sV;,forward cows,. X 2 10s.- to X 3 Is. Gd.; "store cows,' : 3ss, -to X 2 ss;; springing Sows, X 5 l,0s::/to..X6;vl8r'mo'nths heifers,'-25s;' to 295.; 18-montliiv steers, 305.; weaners, 95.-fid. to .155.; cows, and,calves, X 2 175.; bulls, X 2 ss. to XT ss. '•'*

'■LEVIN. WOOL;' SKIN, 'AND HIDE SALES. Messrs. Hudson and Marriott, report .having held their monthly sale of wool, hides, and skins at Levin yesterday, when they offered a good catalogue to a large alienrlanca of buyers. Competition for all lines was keen, and everything was quitted under the, hammer at ruling rates. in sack lots only, to 6}d., dead 5Jd. to 5.W5;-/seedy'"fleece:.:3d.'j pieces, 2d. Sheepskins: Woolly',' j'-; woolly laiibs;, sjd.; dead, 4Jd.; broken/'.^d. 1 '; seedy,-2d.;-pelts.- 4}d., 4Jd., 3'< d.; lambs' pelts,' -'3|'d.green skins, 2s. Gd.; pelts, green, Is.'lOd.'; lambs' pelts, Bd.; green, broken, 9d.;'salted pelts; 2s. ,3d., 25,'4(1., 2s. Bd. Hides: Ox, light!-5?d. ; to s|d.; cow, medium, s|d.; light, 53d.;'bulls, 4d;;'fariners',' i Cow,;3d.; farmers' ox, sJd.;'yeaHing, : ; sJd.V.calf.* 7|d.; tips, Is, Id. per 'dozen-.-,-Horsehair;:;!s. -2di ' Tallow, in tins, 18s. W.w.

Swainson arid Bevan, Ltd., report as follow: —There was a gpod" attendance of buyers-pre-sent at tho Levin sales yesterday, and animated competition for all good lines of hides .and sheepskins, prices being firm at late quotations. 1 The total offerings at'the sales comprised 8- bales and GO sacks wool, 1200 sheepskins; .2-13; hides, 145. calfskins, 8 casks and 12 ! fins-tallow, etc., of which.quantity weoffered B;bales', and 35 sacks wool, 703 sheepskins, 145 hides, 48 calfskins,' and G casks tallow. T\ r e again topped the market in oi hides, sheepskins, and .lamb skins, one-line of 15G salted making 2s. 10d., 25 ditto 2s. lid., lamb skins 6d. ,'per' lb, quarter wools s}d. per lb. Our top price in medium ox being 55<f., one heavy ox netting'37s., and one extra heavy cow 275. lid. We quote:—"Wool: Crossbred fleece, sjd. to GUI.; stained and dingy, 4jd. to s|d.; lambs, 6d.;-dead, 4-Jd.-; locks and pieces,- lid. to BJd. Sheepskins: : Crossbred full wodls, 53(1.; quarter ■wools, 5Jd.; shorts, 4Jd.-to 4}d.; hoggets, 5U1.; lambs, 4id. to Gd.; pelts, infei-ioT 2u. to 2'jd., . dead : and broken ;4Jd.. to 43d., salted 2s. lOd. to 2s. lid., sal ted''lambs 2s. 10d';, extra heavy green 3s. 2d. Hides: 'Ox, heavy Gd., medium s!d.,'light Sid.; cow, heavy s|d., medium 5d., s}d., to 5.jd., light 4Jd. to 4Jd.; calf, primo-7jd., .cut'-5Jd.;• yearlings, s}d. . Tallow: Casks, £20,. £22, £22 10s., to .£23 per ton.

. CAERINUTON ESTATE. • SAXE OF. STOCK. ' . A large and representative gathering of farmers 'and'cattle-bieeders from all parts of tho Wa'irarapa'- was present at tho Taratahi sale yards, ulareville,'-'when'.ilcssrs.. Dalgeiy and Co. offered, on behalf of llr. William Howard Booth, the sheep and cattlo from the Carrington Estate, which has been acquired for closer settlement by tho Government. The stock was in excellent condition, and, consequently, bidding was spirited, and in some cases good prices were realised. Everything was cleared under thff hammer,..the prices being as follow:—■' Sheep.—Pour-tooth ewes, 17s. 7d.; 4-year-old ewes,- U5..'34.; f.m. ewes, 95.; 2-tooth ewes, 155.; .ii-tpoth ;ewes, lfo.-7d:; f.m. ewes, 12s. 5d.; a mixed .lino' flf 2-tooth and. f.m. ewes, principally 2 and 4-tooth, 135.; 5-year-old s.m. ewes, 155.; fat ewes, 10s); 2-tooth and f.m. ewes, 9s. 3d.; , Southdown wether's, 9s. 5d.; 2-tooth wethers, 10s. ,5d.; 4-tooth wethers, 10s. Bd. and lis. 5d.; fat wethers, 12s. lOd.; English Leicester rnms, bred bj; Mr. W. C. Buchanan, 1 guinea; 3-shear Lincoln rams, bred by tho M'Master Estate, 2 guineas; Lincoln rams, bred by same breeders, 1} guineas and 1 j ~gi|ineas; .rams, bred by T. Smith, l Oamartt,»iU•■guineas; -Shropshire ram, bred by thfr.late-'G."-G;"Stead,', lj* guineas; Shropshire rams, bred by W. M'Kenzie, 2 guineas; Southdown rams, bred by Jones, 4i guineas to 6 guineas; Southdown rams, bred by John Strang, 33 guineas to 3J guineas; f.m. Southdown rams, bred by John Stuckey, 3i guineas; champion. Southdown- ram, bred by John Stuckey, 85 guineas, being bought on behalf of Messrs. Stillborn Bros., To Nui; Southdown Taffis;" bred by John-Stuckey, 5J guineas. Cattle.—Yearling steers, 51s. to 525. Gd.; 3.year steers, £5 2s.; .empty heifers, £2 195.; empty cows, ,E3 -Is: Bd.; yearling heifers, 425. Id.; 2-year steers, £i 155.; empty heifers, £3 175.; 4-year steers, .£6..1,85.,; a line of 61 fullgrown cattle, £5 45.; cow with calves, 85s. to 915.; cows in calf, 90s. The buyers in sheen were Messrs. Hugh Williams, R. T. Rennall. G. Clarkson, Era To IWhniti and' Sinclair, S. M'Kenzie. D. Sutherland, T. 'M'Kenzie, W. E. Bidwill, 11. Harrison.' G; Elliott, C." Jury. H. Hodgo, Q. Donald, J. P. Fen wick,- G. Ball,- H. D. Maunsell, J. Udy, Stillborn Bros.,' and P. Dransfield.

In cattle tho purchasers wore: Messrs. Whatman, T. M'Kenzie, 11. Williams, H. Matthews, ami A. G. I'ilmer. The largest buyer at the sale was Mr. Hugh Williams, of Masterton. DUNEDIN'WOOL SALES. I'BX TELEGRAPH —ntESS ASSOCIATION.) r Dunedin, March 4. The fourth and last wool sale of tho season was lielil to-day, when 157.1 bales were offered. Tho' catalogues were chiefly made up of Into clips from the Lakes District, passed in lots, and stragglers' wool. Good parcels wero keenly competed for at rates equal to thoso ruling at the last sale, but for wnstv, heavyconditioned, and seedy wool, the bidding was slack and hardly up to lata rates. WHEAT STATISTICS. (BYTELEGRAM— PRESS ASSOCIATION— COPYRIGHT.) London, March 3. Tho American visible supply -of wheat is estimated at "Bradstreet's" at G0,073,000 bushels. TALLOW AUCTIONS. (nr telegraph—press association-—cnrTßicni:)' London, March 3. At the tallow sales 850 casks were offered and GSO sold. Prices wero unchanged. FROZEN MEAT MARKET. (BY TELEGEArii—ntESS ASSOCIATION.) Napier, March 4. The C.C. and D. Company cables:—The frozen meat market continues weak, and there has been a further fall in values of mutton and lamb. To-day's quotations are: Canterbury mutton, 3Jd.; Napier, Wellington, and North Island. 3jd.; lamb—first quality sjd., second 4|d.; beef—hinds 3Jd., fores 2Jd. MINING NEWS. WAIHI GRAND JUNCTION OUTPUT. (DV TELEGEIAPII—PItFS? ASSOCIATION.! Auckland, March 4. Waih: Grand Junction during the month treated 4207 'tons and recovered bullion to the value of .£s7B4—a great improvement on tho January output. NEW BIG RIVER RETURN. The following telegram, dated March 4, has been received by the Wellington Stock Exchange:—"New Big River cyanide return for February: 250 tons tailings treated for GBoz. 15dwt. bullion, valued .£175." , KOMATA REEFS RETURN. (BY TEl.ECltil'n—ntESS ASSOCIATION.) Auckland, March '4. During the four . weeks ended February 20 the Koraata Reefs Gold Mining Co. crushed 1400 tons of ore for a return of bullion worth J21592. - STOCK EXCHANGE. CBr TELEGRAPH—I'IiESS ASSOCIATION.) Dunedin, March 4. .The following Stock Exchange sales are re-ported-.—National Insurance, .£1 Bs. 3d.; Talisman Consolidated, £2 55.; Rise and Shine, SI 13s. Gd.

S Besmve. g8L u b ,.. w g rniCES. Yioi •'"COAIPANT. ' aSkT ? g ■£»» Ji ~-~ZT Investor . Foiward. i, 0 juij-cr. Edict. a i e , ■ '! banks. "i"'* f f £ ii.a. Ji.a. u«.i «• «• Sew Zealand , w <•* S.000,000 Si .?! 10 8 12 0 8 11 0 g Rational « m -♦ Wd,wu » 3 lu 1 s i o j i fl .5 8 ft insurance. IVntfonnl .., ..i a ri0O,OCO' .'fj®®..* IS '1 8.0 '1.8 6 1 8 3 8 8 4 New Zealand - - LOO.UJO- 2 ■- 8 , 10 313 0 South British ... lui.ua) owns ( -i j £0 2 9 6 211 6 Btandard •<.. ... .. « «• «•' 'id.wU' *' ts*»' . W 10 FINANCIAL. . . . . Kqultahln ftuIMIng ... -„i ■-. CO.OOO 6 ®., 10 " 10 0 n . 1B a Metropolitan Building ......... v£l ,io ml .7 12 0 0 . ■ 12 0 0 516 » Wellington"Invest. ... ' '-'UG.UJU " ' 6c °0. ..A 4 6 Oil 0 011 3 til ! r, J n Wellington Trust and Loan ..." iui.ljU "to' 10 6 6 ! tit f nUi? S 1 National Mortgage •- ■- "M.MJ "W'fM" b' . 10 2 12 6 3 12 b 7 * N.Z. and fiiver Plate .- • "".*<«**- ."?. :..m1. t> -J is 0 '1JS 9 113 b 11 5 6 Loan and llorcantilu ... ... 4 is (> o 3 S u 3 3 i OAS. . Rockland w ra ••• ''ie&coji "is,«a s -~J 'in 17 h''o o'ii'i Uhristchurch HO 000 ' 1, ~ i s i*il 10 011 0 Feilding j.. • iWj , , til ... . j 0 0 10 0 Gisborne «. •••' • M u« • 1W65 , . lu' 14 212 6 llawera ' ... • ' '.6a- V i 10 New Plymouth ••• ltlwJ Uu , l nil u tiapior ... • 1(J mi | 49,957 a jj 10 Palmeraton": North „ 7£fl ji.CM A I It Wellington;; . vWIW i0- :»»'• lu 1615 0 - 1617 6 518 7 " » •" ' J 16U.0W jj »i 10 1115 0 13 0 0 i HEAT. Canterbury- ™ w ... 163 ™ 33,234.. 7j : fj « S 00 Chnstcnurch -i. Jgfta) {J Wl : b i0 JO 0 1013 " 6car "• ,»t: I li niu U&iistM i - Wl. 12) • 210. 0 •• 9 10 0 5 0 0 ,<• », ~ M ~p "U A~!"- •?. ' * "■ lis 10 0 0 10 5 0 10 0 0 B 0 0 Wellington Ueat Export'!.,' • *.. • til (, 6 6 0 „ „ ;.. -. ». 1 105.766 esea i (, s o o 417 6 6ii «• » . 1 ' ... .a 'i, b 3 0 0 3 1 6 3 0 6 6 18 10 wanganui , . «. ... fetW .*«• * ml 6 TRANSPORT. F;, »nd M.-jKaiiway ... w M . 170 ,COO IH.1® I t J 515 0 2 15 6 2 10 5 N.Z. Shipping ... ... . 1Vj,6J0. lli)."Uo ; , 6 ail , 6J '..647 6 ■ ■ Union ' ■ ttO.COO ' lol.Sir 1 .mi Dj "m J 116 0 115 0 5 7 0 Vigtn. bpoam Ferry ... ... w x u i o COAL - ' 1S.7.431" 'aj " l"i 125 ' 6 0 0 AauD.fi m , M bu.tuu i nil Yj -017 y '-WOOLLEN. , v ;' ; ; /. . £*iapo' Ut 'if/jrrih !?,£5J 5 nil 7 Uosgici n w w m. txM57 17,btb yi 15 5 217 0 Wellington 'i 3 16 716 1 MISCELLANEOUS. Don achy Fono "J JfS Jf, i' I, 61 tl . : n -0 1' 6 . Leyland flrid' O'Brled' "' £ 1 -70.1X*) • - "1 ■ "nil-' 74 '1 B'J -1 - - J l 2 6 6 13 Mauricevillo Limo 7.UXJ 1 nil 6 1 J ® N.Z. Candle ~ 10,t00 . . tK> 1U .. nU « .. , 10.10 0 N.Z. Drugs? " "iCO.OOO - : lf.w> .-a • ul 1 7 : 86 2 0 3 2 0 0 514 5 N.Z. Paper.' Mills " ™ 04,775 1 nil V 1 2 C N.Z. Cement " ™ 60.100 . 1 ml ... 115 6 116 6 Uauninfi and Co. „ • ■ 16AO, IW" 1 10 4 0 0Ward and Oo 'f tC.CCW ' : i ' ,1. :i0 ", ' '4 17 C 5 0 0 8 0 0 Wgtn. Opera House ... „' ~ It,630 1.1w» 6 nil 14) 7 12 6 VV gtn. Fresh Food ... „. f ifc.vtjl ... ,1 nil ... Waitcombe and T;mb3 ... ■ ■.46,'2M •; ,80.153 - 12),. „ 24 10 ; Uiarland. Lid. ; 1 : .11,724.'-- -1|- ■ nil 4 v 7y ' 0 17 0 ■ 018 3 ■ The above quotations are taken .from ths daily official 'listi-of ths Wellington Stock S Bichinge.1'^.^J i ! *"» 'Z'.a