FINANCE AND COMMERCE.

Dominion, Volume 2, Issue 458, 17 March 1909, Page 10

FINANCE AND COMMERCE.

: ; THE SHARE MARKET. _ ' P ; Yesterday sates of Westport-Stockton Coal at Bs. 6d., and Leyland-O'Brien Timber at £1 2s. 6d. were-reported. Values exhibited no changes. Bank of New Zealand,, sellers JEB lls.; National Banks, buyers <£5 25., sellers £5 3s. 6d.; New Zealand, and River Plato, sellers £\ 13s. 6d.; Wellington Trust and Loan, sellers .£7 35.; Wellington Deposit, sellers 95.; Wellington Gas (,£lO paid-up),'buyers 17s. 6d. (new issue), \ buyers 155., sellers 17s. 6d. premium; New Zealand Insurance, buyers £3 13s. 6d.,-sellers.. £3 Ms. Gd.; Gear Meat {£1 paid), buyers £2 10s.; Meat-Export "12s. 6d. paid), buyers .£3 os. 6d., sellers '£3 Is. Gd.; Manawatu Bails, buyers £2 ,16s. ;Ne,v Zealand Shipping, Sellers ,£7 Is.; WesSbort Coal; sellers ;£6 3s;; Leyland-O'Brien Tiratfor, sellers £1 2s. 6d.; New Zealand Portland Cement, sellers £1 155.; New Zealand , Paper Mills, sellers £1 Is. 9d.; Sharland's (ordinary innd preference, sellers 18s. Gd.; Taranaki Petroleum, ■ selbrs Bs.-Gd.; Manning and Co. (brewery shares), sellers Mil; Ward and' Co. (brewery shares), sellers <£4-16s. • ;THE MINING .MARKET. ■■ Sales of Talisman at £2 55.-9 d. arid JE2 Gs.; Waihi at .£8 195.; and Tairua Golden Hills at sd. wero reported yesterday. The quotations wero as under:— Buyers. Sellers. Sales. .'. . , .'.£ s. d; . £ s. d. £ s. a. Waihi Grand Junction 1 5' 6 16 0 — Waihi 8 19 0 9 0 0 8 19 0 Talisman ... 2 5 9 2-6.0-2 6,0 Tairua . v Gpl/3en v ' '■ -■""■ .*-. . "■ " '-'- .'■"■ Hills ... ..." — — 0 0 5 Tangiaro — 0 0 2 '■■'—. Big Eiver 1 Iβ 0 2 0 0 — SOUTH AFRICAN TRADE. The trade figures of British South Africa for 1908 naturally show a shrinkage in comparison with those of the preceding year. ■ Imports arc less by X 2,057,000, whilst exoorts of South African produce have diminished by .£2,388J'.M, the total volume of trade being' ,£71.412,392, ibout G per cent, less than the total of -1907; Of the exports, gold contributes" about 70 per cent., and diamonds 10 per cent, tho falling off .in. tho i> latter .last year ro■>re.senting ,£i,ooo,flOO approximately. The explanation for this ; heavy decrease in diamonds ?an be found in tho American financial crisis, Vhich extinguished tho demand for such luxuries. Ths De Beers Company sold no diamonds, between February and June, 1908, and its total realisations for that year amounted . lo .-£3,351.500, against .£0,452,500 in 1007. Tho profit of this organisation f0r,1908 was ;£72-J,IG:), to meet dividend on preference capital .£BOO,OOO, And accumulated British; income tax of .£477,432, representing , ,six years', , claims hitherto disputed. The'deferred shareholders in Do Beers received noi dividend,;% against .£1,750,000 in 3907, but the current'j.ycar opens more hopefully for bath tho diaiiiond industry and South Africa generally. '■■■■■ .- .""■ -' ' ' ;■' FROZEN' MEAT. The depressed condition of the frozen" meat market for several weeks past has been very discouraging. ': The Higli Commissioner's, cablo message to '.the Department of Industries and Commerce, published yfeterday, states that tlvo mutton market is depressed, with scarcely any demand, and supplies are increasing. The lamb market is dull, a large supply-of Iloinekilled mutton is nftcctiiig this market.' Looking back on the High Commissioner's .-cables, ever since "the beginning of the year the market reports have been adverse, and as supplies havo steadily increaso',l values havo receded. Tho farmers* have already had to submit to a reduction frqiii 13s. 3d. to 12?. Gd. por head, anda further reduction in tho price of fat stock is pending if it has not already-cpme into force. The freezing companies in Wellington havo been rushed with stock, and it'is;belioved that both tho local companies have,. been■ operating to ths full capacity of their plant,, It is: gome satisfaction that the companies' ate financially. Btrong enough to lift all tlic fat-stock offering. The Customs revenue collected at Wellington yesterday amounted to .£1593 17s. 2d. LIVE STOCK .SALES. Messrs. Abraham and Williams, Ltd., report on their Johnsonville sale as follows:—A, good yarding of prime bullocks were wpll'up to re-_-quirements. Beef made 20.?. to 20s.'- Gd. per' 1001b., and a large yarding of sheep 5.0.1 d. readily at late rates. We quote—Bost>.biiUo'cKs,' £8 to'.£B 7s. Gd.; lighter, ,i; 7 IDs. to .£7'l7s..Cd.; extra heavy prime wethers, Ms. 10d. to 155.; good wethers, 13s. fid. i' 6 13s. Bd.; plain, 125.; extra heavy owes, 12?. lid.; good ewes, lls. to lls. 2d.; plain, 10s. Gd.; shorn lambs,■■"lls.; woolly lambs, lls., 12s. 'to 12s. 7d. ..' l ';',' .- Messrs. Abraham and Dalg'ety and Co. held their usuallsalcs at Pahiatua yesterday. There was a fair yarding of cattle, and a good entry of sheep, u larger number than that catalogued coming forward. Despite a fair attendance, the salo was (lull, and numerous lots were passed in, but wero afterwards sold privately. Quotations: —Fresh fulltnoiirh ewes, -11s. to 13s. :Gd.; full-mouthed, 9s. 'id. to 10s. 6d.; same, in poor condition, Gs. 3d. to 7s. !)d.; i and 6-tooth, 12s. Gd. to Us.; medium lambs, Gs. 3d. 'to Bs.; culls, 4s. to 4s. Cd.; Homney, rams, 2 td>3i guineas. Cattle— 21 to 3-year steers, 80s.; cows in profit, 705.; fat cows, 755. to 80s.; stores, 40s. to 60s. • Messrs. Dalgety and Co., Ltd., report as follows:—At our Marton sale yesterday, a small entry of sheep met with a fair sale. Cull aged ewes, 4s. to 4s. 6d.; mixed age ewes, 6s. 4d. to 7s. 2d,; Romney rams, 1 guinea; Lincoln rams, 1 guinea; rape lambs, 7s. lOd. FRUIT AND PRODUCE REPORTS. The demand during the past week for vegetables has kept us very busy. Prices as expected have been very good, and a further demand still exists:—Potatoes, 3s. 6d. to 4s. 9d. cwt.; swedes, Is. 3d. to Is.. 6d. cwt.; carrots, 2a. Gdrto 4s. Gd. sack; turniM 6d,

"■ sack;'marrows, Is. 3d. to Is. 10(1. full sack; l' rhubarb, .Is. to Is. 9d. dozen bunches; cao- " bage, Is. to 3s. sack; French beans, 9d. to Is. ' Gd. part sock; peas, ss. Gd. to 7s. 6d. for special i brand; lettuce, Is. to 4s. case; red cabbage, 4s. ' to ,ss. sack; onions (local), 4s. 9d. to ss. 3d. . owt.; onions,(Auckland), Gs. Gd. bag (1081b.); ' parsnips, 2s. 6(1. to 3s. sack; beetroot, 2s. 6u. '. to 3s. 6d. sack; pumpkins, 2s. Gd. to 3s. 6d. ', sack; tomatoes, Is. Gd. to 2s.' 6d. case (Hutt); [■ cauliflower,; 35.. 6d.' to 55.; cucumbers, 2s. to. 2s. i 9d. large cases; celery,; Is. to 2s. dozen; spin- . ach, Is. to.'ls. Gd. per case;'apples, dessert, 7s. ' "to"BsV'6d.;'apples, cooking, 4s. Gd. to ss. fid.; '■ pears, local, 7s. to 95.; peaches, fls. Gd. to 55.; ! peaches, cooking, 2s. Gd. to. 3s. Gd.; damsons, [ 3s. to 3s. 3d. per case; pluius, 3s. per ease; eggs, Is.*Bd.-per'dozen; ducks. 4s. 6d. to as.; . hens, 3s. per pair; roosters, 3s. 6d. to 45.; i chaff, ,£3 10s. to £3 155.; bran, 10s. 9d. per ! sack; oats, Is. 9d. per bushel; straw, 2s. per i, bale; ..peanuts, 21s. per sack. : . ... WHEAT, AND FLOUR. [BY TELEGIUriI— rIIESS ASSOCIATION—COrVItICHT.) London, March 15. The v;heat and 'flour afloat for the United ; Kingdom is 4,220,000 quarters; for the Contii enent, 2,815.000; Atlantic shipments,. 12-1,000; Pacific, 15,000 quarters. Tho total shipments to Europe this week amounted to 1,225,000 quar- - tsrs, ' including 620,000 from Argentina and Uruguay. I SILVER. (DTTELEGRAPn—PRESS ASSOCIATION'— COPYRIGHT.) i London, March 15. Bar silver at 23 5-16 d. per ounco standard. LONDON WOOL SALES. GERMAN AND FRENCH BUYERS ACTIVE. (11V TISI.KUIIAIMI—I'IIKSS ASSOCIATION- rnrvlilftllT.l London, March 15. The wool sales are animated, Germany and France 'operating freely. Mbrinos and fine crossbreds brought full prices. AUCKLAND GAS SHAKES. (HI TELEGRAM—SFECIAI, CORRnSroNDENT.) March IG. ' Tenders were received by tlio directors of tlie Auckland Gas Company yesterday. far the purchase of about oCIOOO paid-up £5 shares in .ho company. On tho tenders being opened before the board of directors it was found that no fewer than, 2480 shares had been applied fo;v Tlio directors allotted 1300, the average price being .£l3 16s. 3d. per. share. ■'. ~

MINING'NEWS.

; ; AVAIHI GOLD RETURNS. -. (BY TELEGRAI'H—SPECIAL COP.RESrONDENT.) Auckland, Jlarch _IG. In a circular to shareholders in the Wailii : GoUlmining Company, dated Jammry '.50 last, ' tho correct gold returns for 190S are givon up I to the end of October.' These show that for the 1 four months subsequent to July I—the last 1 period to which corrections were made—the bullion won realised more than tho csH--1 mated value, as published each month. Tho ■ following are particulars of the corrected ie- ■ turns from the period ending August 8 to the ■ period'ending October 31, tho figures in pnren- ■ theses being the estimated returns as hitherto ' published:—August 8, .£72,903 (.£71,547); Septera- • uer 5, ,£74,358 (JC72.804); October 3, J;73,2C3 [ (.£71,827); October- 31, .£74,265 (.£73,278). Tho ■ actual'return .for..tho period ending September • 5, 1908 (.£74,358), now' stands as the record • monthly output from the mine.! With, the » -figures'.for.'the-'last two months of the j-ear still : to be corrected the total yield from .the riiiiie ' in 180 S. was: i!923,4D2. and the total • output' id • date stands at ' '!..'' ...TALISMAN" CONSOLIDATED. ! : We tiro informed By Mr. Westbii, of the Wellington committee of Talisman Consolidated shareholder*, that proxies representing over 125,000 shares, held in all parts of the Domin- , ion, have been already forwarded to London. j They will be used to secure the election of an \ influential-man in London city circles," in lieu ". pf Mr..: Turner, .the .director-retiring at the next { annual/meetinyiu June.- With reference to tho 1 circular issued, by Mr; Jlehdry, an Auckland > sharebroker, asking for proxies in the name of • Mr/StafFord, : Mr. Weston'informs.us that theso • proxies nro intended to be used in favour of a • candidate.other,than the. one supported by the 3 Wellington committee. ,'ST.OCK EXCHANGE. ' ; f (DT TELEGRaPH— PRESS ASSOCIATION.) Dunedin, March 15. '» Dunedin Stock Exchange quotations:—Dredr ging stocks:—Alexandra Eureka, sellers 45.; e Central Charlton, sellers Gs. 9d.; Chicago 1 buyers Gs. Gd., sellers 9s. Gd.; Electric, sellers J- 55.; Golden Bed, sellors 75.; Hartley and Rilsy, •- buyers 175., sellors £1 2s. Gd.; Island Block, '• buyers Is. 9d.; Masterton,' sellers ,£2 10s.; '• Manuherikin, buyers 12s. Gd., sellers 145.; Mys- : tery Flat, sellers £1 165.; New Roxburgh Jubi- '• lee, sellers 6s. Gd.; No Town Creek, buyers 10s., - sellers 11s.; Rise nnd Shine, sellers £1 145.; J Sailors Bend, buyers 12s. 3d., sellers 13s. 3d, Dunedin, March 16. ■ Dunedin Stock Exchange sales to-day were ■ as follow:—Talisman- Consolidated, .£2 Gs • J Westport'Coal Co., £G 2s. 6d.

WELLINGTON SHARE LIST' Beserre g h . | PEICES. , Yiel . ■ Compaq. ■ ■ —— -zr»&« . . ■ ■' Forward, p, A ° " g ])U j. cr . Ec n e r g alo , ;, BANKS. £ a £ £ £ £ s. 0. £ s. a- £ B. a. £ s. a- . flew Zealand „ « 2,000,000 Mm S J 35 10 811 0 6 Rational ; ~ ~ B75.0OO . dWi«w* g 15 l 5 3.0 5 3 05 3 0 » i0 D INSURANCE. ■■■■■■■.■:■•, ffnHonnl ' ■ • «i j.. inn n<10 OT > 830 • ft 15 183 189 183 5 6 3 Now Zealand Z ZZ.Z gS » i B w Bt SHt 313 6 5 3 0 6outh British ... .» tooiXX) WB,e« f 4j jo 3 9 6 211'6 Standard ', - - ;o,m j fit lit FINANCIAL. . . ftquItnblR'.nulliiinB ... .»■ -• '0000 67>1,|() n •' 10 910 0 ,., n Metropolitan Building .„ _. $a£ MSB ,° nU 7 12 0 0 12 0 0 516 8. WelUneton- Inveet. ... ... ... t0 ' c <Kj iitSO lu , a 0 on 0 OH 6 (111 3 r> " Wellington TrU3t nnd Loin ... vaim IWiii . J 6 b 700 '30 770 5 810National Mortgage - : iUO'oOU J "' |W S » ' 10 2 13 6 215 0 312 6 712 * - N.Z. and JUTcr Plate " ... ...• ; t^ . KiliW . nil. ' ' S lisf 113 6 115 6 Ujub and'.Mercantile wftito \ la 6 0 2 9 » 3 3 CAS. . , . . . •: ' Mckland „ ... •„.■ m - j £8i9 o 3 f5,163 . nil 17 ll 0 0 U 1 0 ' Cbristchuroh - % m 7..S.1 \ oil 10 011 0 lei ding - J wj \ .nil ... . i.- o o ' 10 0 Uawera V'.rJi -,6a I J iii *&2r?*i ::: ::: : , && ™ ' ffi g ■ PaluierstoifNona ."'. ' u m a ' 8 4 J* WdHMtoil, - , ••;,- ••-. ;;• y £•* .:. W| J W jj» nil ft IC a76 17.10 0 1617 6 518 7 .'■ MEAT.'; ■ ■ ■:■ ' - •-■■■,••■■ . -■,: ( Canterbury J t ... ..„. .., £ , 8 0 0 Ohrietcnuruh , Wm . til .w b l0 10 0 1012 6 - eea,r •" ■ - 1 XiM 1W.l«l' 1 ml l≥4 210 0 110 0 SOJ «to»;ii.arExS«::: :::' ' ? « -""JiS" ,0 •• ■ I 105,766 1T.ES0 J I . b . 6 0 0 117 6 611 3 aw™"- :•,:,:::'.:'" ■ ««*" « iV'!! 3 ° ° 310 30e 61810 TRANSPORT. ' JTz a Shim;iS. ailWay '•••'•"'•-■ im,(XX) 121.152- i'4 7 516 0 217 6 215 6 ' 2 10"B uLiuutKf ~ 4? 0 ** , U6 "- U0 b nil 6J 617 6 7 1 0 7 0 0 7 210 BOAL .-■-■■ ■ ■-. .- ■;.-.■-., ■■ - . ■ fc : : : ; « S i'ftf W: ,V. ... MISCELLANEOUS. ■ '. "' '' .! .• BonaRhy. Pona .:. . . . • / : - 361. i .. n H' "6 • '■} 019 6 •. " Leylana Ahd'O'Brien?,-.•: ■-'" ■ M.COO W\ 1 :;.'nil- ,ll 11 i- 1 2 £ i. a .- 6 613.1 Mauriccrillo Limo ~ '■•~ , ' 7.C00 316 .1 ■ ull B ;.:;1". :i 0 .0 ■ ■ . ■■ ■ ■ N.Z. Oandie ..; '„, " '" lO.UM t7B \ u ,. n ji t .' -.. •■ ■■ 1010 0 '• N.Z. Uruga " ICO.00O Sβ. , a-■•■•■■nil 7 • J 8'0 ■ 2 ,J . 3 •!:! 0 5115 g.Z. Papor UIUj ... ~ " .04,775 '. l,cM '1 nil .'/ ;,V. , ;i..r. 9 '. . N.Z. Cement .„ ,., ™ . . 60X00 i.OifS l nil ... ; 114>'8- 115 0 115.0 ilaDnins and Co. ... '.„•'."' =-■'i£.U» '' 1 1 10 ■•'.•:,'4 0.0 Ward and Oo ... .;.■•. tt.OT S.4.°i a 4 1 10 •.. .4160 500 800 Wgtn. Opora House ... „, . ... . n.GiW l.'/w 6 nil laj " 712 6 ; Wgtn. Fresh Food' -;..■....:„.■ ■■•vi.itil ... 1 nil ... Wnitcombe and T;mb9 _. ... 46.2SO £0.153 24 2j io fcnarlaud, Ltd. ... „; -....'■'.■.u . jjli.013. 11.724 11, nil 7i 017 n 018 6 ■. . The above quotations are takon from the daily oBicial lists oi the Wellington Stock Exchange.