COMMERCIAL.

Dominion, Volume 2, Issue 454, 12 March 1909, Page 8

COMMERCIAL.

;. THE SHARE MARKET, A sale of Wostport Coal Bliares at £6 2s. Gd. was , repotted, aud tlto market had a quiot tendency.: Banlc of New Zealand, shares were, easier, with sellers at £S 12s. National Banks, buyers 25., sellers £5 3s. Gd.; National Insurance, buyers .£1 Bs. 3d.; New Zealand Insurance, buyers 13s. 6d.; Wellington Investinont, sellers lls. Gd.-; Wellington Deposit, sellers 95.-; 'National Mortgage, buyers £2Us., sellers ,£2 155.; New Zealand., and Kiyer Plate, buyers ,£l> 13s. 3d.; Wellington Gas, £W paid, buyers .£l6 17s. Gd., new issue, buyers 12s. Gd., sellers 17s. , Gd. premium,; Gear Meat, £1 paid, buyers .£2 10s.; Meaf Export, £2 12s. Gd. paid, sellers .£3 Is. Gd.; Un on Steam, sellers £1 15s. 3d. ;■ Wellington Woollen, sellers .£3;: Westport Coal, buyer! £6 25., sellers .£6i -3s. M-J West-. port-Stockton Coal, sellers 95.; Leyland-0 Brien /limber/sellers £1 2s. Gd.; New Zealand Portland Cement, buyers -£l 155.; Sharlands ordinary and preference, sellers 18s. 6d ; Ward and Company .pruwery shares, sellers £i 17s. btt. '■THE MINING MAEKET. A sale of Waihi Grand Junction at £1 Us. was made' on 'Change, and sales of Wailu at, JEBI 17s. and Komafa , Reefs .at 7d. were reported. The quotations wore as under:— ■ ■' Buyers. Sollers. Sale 3. . . ■ £sA. £s.i. £s.i. Waihi Grand June- qhH „ waiS. ; ■:::, :..,.e*r sn.o '••■' Vβ- 6". 2 _60. ~.-• Srkeff;::: \j Vm^'l?. Big River ' ; I Blackwatet ...' .- 100 ~ ,The C.Jtoms revenue collected •jt Wf&S-. ton yesterday amounted to XIB3O us. ia. - ' '■• LIVE STOCK SALES. 2 ° • 4rV fair .yarding of sheep, and a medium tomney Ms, ]*£ mm* to 5 guineas; bulls, 30s. to £6, empty hSfors, £2 to 42 12s. Gd.; 18-inonths steers, to £2 Is. ' ; - ' ■■' "r

The Ne^'ZoalAnd 1: mai and :-Palmerstoriv:BHd';oi clearing sale of - S there was a good attendance but, owing .- to ithe dry ■weather, not brisk and prices were somewhat in /favour of. it Eaumai on Tuesday we yarded 1500 sheep, and several pens of-cattle../Buyers were again disposed toxoid off, and several pens wero turned out unsold. At V aimers on, on Thurs-. day, a small entry of sheep : and. cattle came forward, and was sold aUatetates. Messrs. FJ and 0. Koberstejns sale: Sheepi Cull lambs,'2s. 6d. to 3s. 10d.; rape lambs, 7s. 6d.} cull'ewes, 2s. ld.-.to ewes, 7s. Id., Ss. 2d.,.95.,; to 10s.; 4-tooth to f.m. ewes, 10s.; 9d; ;-.-2-tobth. «w«V" 10s., 2d,j 4-tooth ewes, 12s.' Id.; Eomney ewe lambs, 10s.. 6(1. Cattle.-Heifers in calf, £2;. empty heifers, £2 -15s. O dairy cows, £1 10s.; bnll, 20s. HorsesDraughts, £15 to ,£22; spring carters, ,£8 10s. to .£9; harness horses, £11 ss. to £22 .10s. Machinery—Tine harrows, *£3 10s.; d.f. ploughs, £1; roller, £Vo\ discs, £6 10s.; mower, .£5; woolpress, £8 155.; scales, .£3 55.; dray, £U; gig, £20! /Sale at Eanmai: Sheep—Medium lambs, Is. 10d.; rape lambs, 75.; cull lambs, Is. 10d.; mill ewes, '3s. 9d.; f.m. ewes, ss. 3d. to 75.; i, 6-tooth and f.m. ewes, Bs. Cd. Cattle— 18-month ■ steer, .£2 145.; springing heifers, ,£3 17s. 6d.; 2-year steers, .£3. Sale at Palmerston North: ewes, 10s. lid.; Shropshire ranis, 295. com.'M, £i ss-, to £i 6s.'; 18-month steers, 335. 6d.; weaners, Is., 103., to lls. :•■■■■ ••-.-■■ :-. ■

WELLINGTON. WOOL SALES. Dalgety' and Co., Ltd., report-.—Yesterday we held a supplemntary wool sale,, which was the fifth of the season. The total offering from all brokers amounted to 1891 bales, of which we contributed 951 and sold 803. There was a representative attendance of .buyers from all, parts, and competition',was. animated throughout the sale. , . Practically no good wool was offering, _but medium crossbreds. brought from par to id. per lb. in advance of February rates. Lambswool was slightly easier. Pieces of all description's''also-showed"-art , -advance" oil , the last sale Tiites. The following are some of our principal sales f—SH/F,-"lambs, 7ia:;C.H/X in a square, 6Jd.'; TAL/P, crossbred, from ■ 6jd;to 7Jd.; Watorfalls/JG,. crossbred; ":7d;j "lambs, 7d.; LB/Pohatu, lambs, 7d.; AJK, lambs, 7d.; PL/E, lambs, 7Jd.; KLO, crossbred, 7d.; JT/ Springroye, lambs, passed at 7Jd. j JPyil in ti'iangle, crossbred, 7jd.; JJJ, lambs, 71d.; Waiouruj halfbred, scoured, from 13d. to 13jd.; crossbred, scoured, from Bd. to lid.; pieces and bellies, scoured, from 7jd; to lid.!; AJJ, crossbred, 6Jd.j-''L. Bros./Otahgaki, lambs, 7Jd.; PICB in a square, lambs, 7Jd.; EB/M, crossbred, 6|tl.; FWK/DS, lambs, 7Jd.; Upton Fells, merino, 81d.; GEF, merino, 7}d.; TFyH, lambs, yjd.;'-JBA, lambs, 7Jd. : .;.'.... The following table will.give an indication of prices ruling:— ■ . . . • ..,...-,-.,-, ..■ ■d. ; .i.;d.f. Medium half-bred ... ... ..;7£ ~,. Jtedium crossbred G| to 7J '■ :| • Inferior crossbred 4-j to fi Bellies and pieces ... ... 3 -to; 4£- ' Stained pieces and locks -... 1J to 2| Dead ... i to 5i Crutchings j, , ... ... •■-...■. 2■ to 3?Lambs,> best ... ... ~.' 6| to 7j ' . Lambs, medium ... 5 to G} lambs, inferior and seedy ... 3J to .4J The New Zealand Loan and Mercantilo igency Company, Ltd., report as follows:—We aeld our No. 5, Slarch,. supplementary.wool tale yesterday ".submitted 1 i catalogue of 350 bales. -an unusually large attendance of buyers i'or so late in the season, and competition was .brisk and general. Good lambswool. did not' bring such high prices as at the February sale, owing probably to the, absence, yesterday of, one of the buyers for France, who -at, the previdus' sale seemed to consider prfe'e - a "secondary- matter so long as.the lot suited his requirements. Prices were dearer yesterday by id. to 3d. than at the February series, whilo crossbreds 'and halfbreds advanced about an average of Jd. all round. Under the hammer we sold 232 bales. Our range of. prices, was:—Merino, Jd.. to 7jd.j halfbred, 6|'d. to" 73d.; medium to* good crossbred, 6d. to 6Jd.; inferior.'crossbred, 43d.'-''to' 5:1(1.; good lambs, 6d. 'to 7Sd.;. inferior and' 6ecdy linnbs,--•■ ijd. to' 'Sjd.; bellies and pieces, Sd. to'4J(l.-r locks, 13d. to 3d. ■ - ■

Messrs. Murray,; Roberts, .and...Co. report, on. tho supplementary Wellington wool sales as follows:— The- -fifth and last sale/of tne:p'reserit eeasoa was held yesterday, when we catalogued about 300 bales, of wool. Only' of''the buyers have left for Home, and consequently there was a fair nttendanco. Bidding was spirited, especially for any fair-sized parcels of crossbred, and prices (with the exception of lambswool) were par to n |d. higher than last Bale. The advance was.most noticeable in bush- , stained-and heavy conditioned lots, these in many cases making a farthing to halfpenny' , over similar wools in February catalogues. Clean light conditioned crossbred' were riot shown, the bulk of the catalogues being late fihprn, heavy logstained wools. Pieces were in good demand, and sold at fully '-a halfpenny over February rates. Most of the lambs were stained or seedy.' iWV quote prices as follow:— Halfbreds,' stained and seedy, sjd. to 7Jd.; crossbreds, medium, fair condition, 7d. to 7jd'.; crossbreds, shabby and logstaiued, 53d. to Old • lambs, fair to medium, 6Jd- to 7}d.; lambs,' seedy and stained,: 43d.-. to Gd.'; , pieces, bulky fair condition, 4Jd. ;,to 5d.; pieces, heavy. 3Sd to lid.; locks, 2}d. to 3Jd. HIDES MARKET.. (BY TELEGRAPn-PBESS ASSOCIATION—COFrBIGHT.) Itcc. March 11, 11.25 p.m.) Melbourne, March 11. • In the hides market .there was very strong competition, and catalogues were cleared ill eellers' favour. The supplies are small.' LONDON WOOL SALES. (DT TELEOEArn—I'KESS ASSOCIATION— COPYRIGIIT.) London, March 10. There' is exceptionally keen competition, at full opening Urates, for nil qualities of wool. i The Department of Industries and Commerce has received tho following cable from the High Commissioner, dated London, March 10:—Second wool sales have commenced, with a large number of Ilome, Continental, and American buyers. Competition of all descriptions is spirited,-compared" .with closing rates at. last Bale. Fine crossbreds,; all grades, , are quoted'at jd. higher; merinos and colrse crossbreds, all grades, at Jd. higher. For February 8 f|iiotations were as follow:— Superior merino, Hid. to Is. lid.; medium inerii'c 9d. to lid.; inferior merino, &d. to

B.Jd.j fine crossbreds, all grades, lid. to Is. ljd.; medium crossbreds all grades, BWI. to lid. ; coarse crossbreds, all grades, 6d. to 9d. Tho United Partners" Co-oporative Associntion, Ltd., havo received the following cable from their London agents, under dato March 9:—"The second series of wool sales opened today, nnd were well attended by Jlome, Continental, and American buyers. As compared with closing rates of previous sales, fine crossbred advanced 10 per cent., medium and coarse crossbred; 5 per cent;" TALLOW AUCTIONS, (m TEiiottirH— piifs's issocuTioN—coFTntauT.l London, March 10. At the tallow auctions U79 casks wore offered and 3tt 6oid. Mutton, fine, 335. Cd.; medium, 30s. fid. Beof.-fino, 325.; medium, 30s. Gd WHEAT. Tho American visible supply of wheat east of the Rockies is estimated by "Bradstreet s at 62,370,000 bushels. THE METAL MARKETS. Copper.-dn epoti"is6 12s. Cd.; threo months, £ r ol Bs. 9d.; electrolytic, .£SB. Tin-Three months, .£l3l 10s. Silver is quoted at 23 3-16 d. C.C. AND D. COMPANY. (BY TELEGRAPH—I-KESS 'ASSOCIATION.) Napien March 11. ' The C.C. and D. Company, London, cables that the frozen meat market is lifeless. Stocks of all Kinds-are in excess of requirements, and values have'declined all round. 10-days • nuotatious'-Canterbury mutton, 3Jd.; .Napier, Wellington, and North Island, 3d. LambFirst quality. 5d.; second, Hi. Beef—Hinds, 3d.; fores, 2fd. i/'i'-'.: MINING NEWS. .. TALISMAN SHAEEHOLDEES. (by teleoiuph—special ' correspondent.) Auckland, March 11. It having transpired that Wellington shareholders "are endeavouring to procure the election of Mr. Anld or,Mr; Wilson to represent New Zealand, shareholders on the Talisman Consolidated' Board, an effort is being made in Auckland to obtain proxies in favour ot the election of Mr. B. fl. Stafford. Mr. J. T. ■Hendry : has issued circulars in connection with the matter, in which it is pointed out that Mr,, Stafford for some j-ears held a high position in the'Waihi Company's office, and is personally known to many Auckland, shareholders, who-are thus-able to rely upon him to servo their best interests in inviting proxies to be sent in. The circular states: It is quite possible that Mr. Stafford'will see fit to support 'the sanie:gentlemen a3,our Wellington friends. Atf.-the'.' same -time, we think that by taking independent on these lines we will bo adopting .'the, wisest and most businesslike COUT6e'.". ':' '' '."'.':"■■■■■ (Bt lILiaKAPC—SPECIAL-CORRKSrONnHNT.I ~'■'. , Dunedin, March 11. Stock ,1 Exchange ' sales:—Sailor's Bend, 12s. 6d.;;.'-Westport Coal, '£6 2s. -Gd.; New 'Zealand Portland : Cement, (new issue), 13s. 9d. preiniuin.':. ■, 1. ■/; '. ■ '•'; ;■■• '■