FINANCE AND COMMERCE.

Dominion, Volume 2, Issue 464, 24 March 1909, Page 10

FINANCE AND COMMERCE.

WELLINGTON SHARE LIST.

Thejabove quotations are, taken .from the 'daily, official , , lists of the Wellington Stock ■ I ■' ': : ''' ''V"""" •••■•-'■■ ': Exchange.' '"'" '' '" .. '. . ' ' .-." ■

.(■THE SHAKE, MARKET., ~.'.;.;,., Brokers:, were again'" , able' to report a fair amount of business, tyhich io,an. indication of returning iconfiaencV. ''Transfers"'' were itiade of Bank of ; New Zealand at M 95., National Banks at 3s. 6d., /Wellington Investment :at. 11s., Westport'Coal at £6 is., and -WestportStockton Coal at Bs. 9d. There were also a fair number of buying orders.,,,;:' National Banks,; buyers .£5 35., sellers .£5 :is.; Bank of New South Wales/sellers .£47; Union Bank, sellers .£62 10s.; Equitable Building, ■.buyers;-.£9; Wei-; lington Trust and loan, sellers £7 2s. 6d.; National Mortgage, buyers £2 12s.', sellers £2 17s.'; Auckland <Uas, buyers ,£l3 155.; .Christchurch Gas, sellers" £9 •'■lOs , .; Napier' Gas; (£2 paid),'.' buyers, £1; Wellington Gas (J2lO paid), buyers .£l7; New Zealand Insurance, buyers ,£3 14s. 6d.j South British Insurance, sellers £2 10s;; Standard 'Insurance,■. sellers T£l- -ls;':9di?' Gear Meat (£1 JpaidJ/'buyers ,£2' 10s'.;' Meat' Export (<£2 12s. 6(l.paid), sellers .£3 Is. 6d.; Union Steain,'sellers £\JSs. 6d.; Wellington. Woollen,,. .buyers, lS3^?*r,' : 'sellor"s : 'Je3'''ls.;-iWestportr Coal, buyers JE6 3s. 6d., sellers £6 55.; WestportStockton Coal, seller? 8-s. 9d.j-,Xeyland-O'Brien. Timber, sellers ; 2s. 6d.; New, ;Zeala*d Portland Cement, sellers 155.; "Manning'.'aid-Co.; (brewery shared'selleYs j!3:i'4s/ ■ " *'"' " "

•;the mining mabket; ... ■.^γ,: This market continues dull, speculation being fitful and;confined to a .fair..stocks..-, -J3ig,Eivers. have had .a-substantial advance on favourable reports, and a sale was made on 'Change at £1 2s. The quotations were as under:— >~-.■; <n7. r Buyers.-''Sellers.--.'. Sales. £s. d. s: d. ' £s. d. Big Riv.er: ; :v. k- ... 2 1 G ~■#■■. \-2" 2*.0--Consolidated' Gold ' 013 0 ..—>;■., — . Talisman '.;;•.■-.•■■.-.■.■.- 2.- ; 4.v0- •: 2.;5 3 .';.. - y Waim . :'.::v; ::t- 9"; i; 0. : : ..9 ;iv6.;.., .. -■~■ ;.■. : ; ' '''■'BATES'of'EXCHANGE'-::-Cable messages • f rbhl;Sydney; and last week'stated that the'banks had reduced the exchange rates. on London... According .to. mail advices this appears to be quite a normal movement. The main export season being over, the rates- are" put back; to ■ the.' level' at "which' they stood at the beginning of- October last, just before the export season commenced. The old and the new. rates are shown below. — Buying. Selling. Old. New. Old. New.,,, dis. ','dis. pr'eni. prem. 10/- ' 5/- \On demand. 7/G 12/6 ' ' 15/- ; 10/- '30 day's sight. .2/6 7/6 \ dis. prem. , 20/- - 15/- GO days'sight. 2/8 2/6 . 27/8 ••22/6 90 days'sight. ' — — ■ 30/- 120 days'sight. — Telegraphic transfers remain: at 20s."per cent, premium.; .... . '■' ... ' . .. ~ . ,'. .r\ ' ■■.:• WHOLESALE •'•• DEA'PEEY." f '" ' ' The accounts of tho wholesale drapery'companies in'-England for 1908, as summarised by the "Drapers' EecorJ," shaw a considerable falling off, in'.profits as compared with thejpre-", , vious year, due to the general reaction in-:busi-i ' ness, and to the decline in prices, which has 6eriously-;affccted the value of stocks.. In 1907 the net profits showj by ten companies of , various .magnitude aggregated .£495,700; but the' . accounts .for 1905,-sn.ow that eight companies made profits totalling i£2G6,4oo,'while two made losses amounting together to JCWOO, so that-al- ■■ together the 1908 results were worse by .£235.,700, than those for 1907. Amongst the largest companies Bylands and Sons, with profits of .6101,600,;-against for the previous year; A. and, S. Henry arid Co., .£69,800, against" J£lo3,7ooT:and, Lister au'l Co., .£70,500, against i£IIS,SOO. Nearly all tho companies have reduced their dividends, the exception being A. and S. Henry and Co. As regards prospects, . the ".Drapers' Becord ".. states < that signs of. improvement in business are. not ...wanting, and, tho,l reports from various parts ' of. England, and especially" from.ithff.shoTtihvoshoW, thafclthcreiis: ; a strong' feeling of hopefulness, based upon substantial indications of a turn in the tide. : BEITISH MOTOE :: INDUSTIIY. . Volume i of the report of Mr. Chamberlain's Tariff Commission on the engineering industries gives some excellent iand instructive details, respecting the motor-car industry of Great Britain. - It is estimated"; tfiat,,l6o,ooo persons; live by the manufacture of motor-cars in the United Kingdom, and 260,000 by their distribution and maintenance. Every motor-car,. 1 in use, whether imported or manufactured in ' the country, increases the amount of both skilled and._.unskiUed\-employment; ■ -At least' ' 901 per. cent, of the cost of a motor-car is for labour, pure and simple. Repairs and tyres represent-25 .per cent.-per annum of its value and 15 per cent, of its annual value goes into the; oil. and fuel industries. , Some extremely interesting figures .are given ..of''the. comparative" : triVdes of the Unite.d Kingdom, France, Germany, and -the United States;- 'Thefirst year in which.;motorrcars were separately mentioned in tho Board of Trade returns was 1901. The imports in that year were of the value of JC2,424,000. The increase since then has been continuous, and;takingvthe'Cnd of theperiod treated, 1907,"'the"total;'.'value .* was, J>i,553,000. The chief sources of , supply-were: France (two-thirds of the total), Germany (less

than one-sixth), and abontonersixthl from all other countries. The exports grew in the sam.B period (1904-7) from .£321,000 to .£1,325,000, ,a very fair rate .of'progress considering the many, disadv'aitages'witt which;, the -British .manufacturer had'to contend. , - The chief markets, for exports were: India, Australia, £\ 92,000; and New Zealand, the total of all British possessions being .£769,000, or 58 per cent, of the exports,td'all 'countries.'-■'■■':'

The Customs'- revenue collected at Wellington .yesterday;■' amounted to -;iC4015 65.. 9d. ;

FRUIT AND.PRODUCE REPORTS. ' Messrs. Griffiths and Co. supply the following report of yesterday's sales:—Potatoes, 55., ss. 6d.; onions, locals, ss. to 65.; cabbages, ■ Is. to

25.; cauliflowers, choice, 4s. to 55., inferior, Is; ttf-Ss.; pens, ss. to ss. Cd. part sacks; beans, Bd. to Is. part sack; pumpkins, 3s. to 4s. sack; tomatoes, choice Hutt, Is. 6d:, Is: 9d.; prime, Is. :iil. to Is. id.; lettuce, Is. to Is. 6d. cases; vegetable "marrows. Is, 6d.6ack; plums, 3s. to "3s. 3d." half case;' peaches, choice eating, 4s. to 4s. 3d. half case; peaches, prime eating, 2s. 9d.to 35.-6 d. half case; cooking, Is. 9d. to 2s. iitlVhalt case;"apples,'"choice dessert, Bs. to BS.' 6d.; prime dessert, 6s. to 75.; ; cookers, 4s. 6d. to.:ss. 6d.; inferior, 35..t0,35. .6d.'i pears, choice bating, 7s. 6d. to 8s; large cases;,prime eating, -ss.- to -6s.- large,-cases;Vcookihg;' 4s. to 'ss.'. large cases; eggs, fresh, Is. 7d. dozen; fowls, 35., 3s. Gd.'-pair; ducks; 4s. to''ssVp:air; walnuts, 4d. lb;;' eschalyts (dry), lid; ,1 lb'.; table 'carrots, _ Is. 6d. to 25.; swedes, 2s. part, sacks; parsnips, 2s. 6d., 3s; sack; cucumbers, Is., Is. 6d. banana cases; white turnips, Is. sack; beetroot, 25., 2s. Gd. sack; celery,"6d. dozen; lemons, Us. 6d. cases; Island oranges, ss. to 6s. The market was .abundantly.supplied with all varieties of -fruit~nmt"TcgetaMe's -yesterday morning, and there is little alteration in prices, to note since Monday,., Large, quantities of potatoes came f orward;and went! into immediate consumption; ..The-Neiv Zealand''.Fruit' and Produce Co. 1 rfeporfe's'! follows the past week eupplies of fruit and vegetables have kept very good; in..Quantity, but low in prices, as our adjoined report will 6how:—Potatoes, 4s. Gd. to ss. 4d. cwt. (in good demand); onions, 6s. Gd. to '6s.9d.cwt.; (Auckland), keen demand,-4s; fid. to/ss. 6d.; Swedes, Is. 3d. to Is. Gel. cwt; parsnips, 4s. 6d. per sack; marrows, Is. 3d. to 2s. .Gd.; cauliflowers,, 2s. to 55.; carrots, 3s. sack; beetroot, ■ 4s. per sack; pumpkins,, 3s. to ;ls.; cabbage, Is. to 25., all per sack; French'beans, •8(1. to 2s.' per bag (401b.); peas, ,45." to 7s. '6d. per sack.; red : cabbage,. 4s. Gd.. per sack; !celery; 6d; to Is. Gd. per.doz; lettuce,. Is. to 2s. per case; cucumbers, 2s. 3d. per case; tomatoes, Is. 2d."to Is.' , Bd. (Hutt. grown);'-pears, 6s. to 75.. Cd..; peaches (dessert),- 2s. to 3s. 3d. half case; penches (cooking), Is. Sd. , half case, 2s.Bd. to'4s; full cases; plums, 2s. to 3s. half case; apple (dessert), Gs. to Bs.; apples (cooking), 4s. to ss. Gd.; quinces, Id. per ib.; eggs, 18. 7d. to Is. Bd. doz.; hens, 35.; ducks, is. to as. pair; -roosters,-3s.- Gd. fo 45.; chaff, >63 10s.. ton; pats, 2s. bushel; bran, 10s. 9d. sack;- peanuts, 225. per sack. , , .•

;.,.•:' .-; WHEAT AND FLOUE. ■ iBT.'TEr.EGIUI'ri—I'JtESS ASSOriATIOS-cnPTTIIGTn.) London, March 22 The wheat and. flour afloat for the United Kingdom Vis-; ,for the Con-' tinent, 2,905;000'; : Atlantic.' 137,000 quarters. , Tho total shipments ■. to' Europe amounted to 1,425,000 quarters, including 755.000 from Argentina and Uruguay. • - .--■LONDON'WOOL SALES. '■ .FOG CAUSES POSTPONEMENT. IDT TEI.EGUArn—rKESS ASSOCIATION—COPYRIGHT.) London, March 22- . The wool sales have been' postponed owing to/a^fog.:".; '.',.' SILVEE. : [IJI TEt.IGIIAPH— I'iIESS »SS(>ri»TIOS—C<)I'TRISIIT.I ■ . ; London, March. 22. Bar silver is quoted at 23£ d. per ounce,standard. '~. . •MINING NEWS. ~" ~_.- TELEOttAPH—rEESS ASSOCIATION.) ' ...; ; ; ' Dunedin, March 22. 'Dunedih Stock Exchange . quotations:— Dredging stocks: Alexandra Eureka, sellers, 4s. ; Alexandra Lead, sellers, 35.; Alpine Consols, buyers, Bs. 6d.; Enterprise, sellers', 4s. 6d.; Golden Bed, b'uyers, 3d.; Hartley andEiley, buyers, 75.; Manuherikia, buyers 10s. Gd., sellers 14s. ;■ Mystery Flat, sellers, £1 15s. 6d.; No Town- Creek, buyers Us.,' sellers 12s. ; Sailor's Bend, buyers 125., sellers 12s. 9d. TALISMAN CONSOLIDATED. The following is the report of work at the Talisman Consolidated, Ltd., for the fortnight en.ding February , ;;. ;,; Level. ■ '. ■ No. 10 WosseijU advanced 33ft.; total 58ft.; no change inlground. No 8 crosscut: advanced 30ft.; total sS6ft. The ground traversed shows numerous seams of , quartz and calcite, none ol them carrying values. The drive north on reef intersected-,at 540 ft. has been extended 4ft.; total 10ft; width of reef, 30in.; values very low. No. 14 winze: sunk 4ft ; total, 74ft; reei broken and values low. Stoping: The assay's from east vein stopes average £2 12s. Bd.; tons cent to mill, 160., The assays from stopes 'ibff No. 5 rise : average £1 165.. 3d.;''tons sent to mill, 328. The stopes of No. 12 rise have . given -values that average £2 2s. 4d.; tons sent to mi11,i320. - • '. • ~■;.. ■_..-:■"• No. '12\Level.

South Drive:—advanced 40ft.; total, 127Gft.; reef broken, ' very mullocky and giving low values."/ The crosscut west at 1230 ft. hns been extended 3ft,;. total, 18ft. Apparently tho hanging "wall hns now been reached. Stoping: The assays from stopes off No. 5 rise average MW 4s.- 9(1.; tons sent to mill, 412. The assays from stopes off No. 12 rise average £U 13s. 3d.; tons sent to mill, 200. The assays from east .vein, stopes average, £i 19s. 3d.; tons 6ent to mill, ■■ 450. ■&:■■.. ..'., .;.;... Pumping. -The.water has been reduced 24ft.; total reduction since starting additional pumps, 59ft. laUn'd TeleßTapnio Address i Telephone "Grnar, Anckland." No. 2537. W' ILL IA M OBU AB, (Member Auckland Stack Exchange), . STOCK AND SHAREBKUKEK, HOBSON'S BDILOINGS, AUCKLAND. Inquiries by letter or Telecraia will receive prompt attention. CBS4

:■■: Reserve °g Liabl c IBICES. Ticl •; COMPAQ . .. ™. fa&Sjj*-<| — *™tor • ;- Forward. &,; . g gnyer. Boiler. £o j e , ■) :■' BANKS. e £ $ f f s. a. f b. a. £ b. a. •£ B ' i , ' ffew Zealand „ • w V-β 5,000.000 JMJg si 3} M 8 8 0 811 0 8 0 0 aiju Rational ... ... „ ..'._ ~. . b75,(XX) SWIM a 5 lo l 530 640 5Jt. INSURANCE . 3 :: : ; !S"S : } : f% ill i>! S U a S !•'•' ;■ F1NANCIAL. Kqnitahle Building ... ..; •_ coooo 61,997 B B • io • 0 0 0 010 0 . q Metropolitan Building .... ... 6,t41 jg nil 7 13 0 0 12 0 0 516 8 WellitiEton Invest ... ... ... ro'uuo 6tM 4 «■ 6 Oil 0 Oil 6 Cll 0 ii 0 V WellinBton Trust and Loan ... 3X2 45,116 6 6 b 7 J 0 ' 7 a 6 7 1 0 5 810 ■ National Mortgaee ... M.Mii S b 1 1 i) SH 0 JB « 1 E N.Z. and Kiver Plate ■ !$.UUO a . ajaai S nil t 1 Is 3 1JS e I IS 6 415 B Loan , and Mercantile ... ... 4to.iUo s la t. 0 2 9 "33 ■ .;..- CASi . ■:■-. -■■ •• -•-.-■■-;■'• ■■ •■■:. 'jLncklanl ,„■ M a- - ,£0370* • 96,632. :. I'.'. n« 17 5315.0 l< '.0 «p« .:..:■•:-: »'^' ffl » V'o'o D1M no ■. « ttDler • •" 1 • 1U U' 1 15 ■ " » *: ™ I." [-61,911. a ' 1M! 0 j< 16 falmerstpn" - H 0 r"tb ... -. ■' .~ > nm * ° 4 {° ," ' " • "" " .■'.„" - ;',. , ,., <v ,.. 6i W. Vi 5,0 U10 0 -12 6 ;C . 1 0 9 . ■ jj- Vff?V "t"*i3s"i- ""-..S .'' Iv *,.£ iV ' ■ ' '' ■ • ; • Canterbury -.i.'^"4.uv-4l' • ""-.J', •:•■' saW ,1 '' : \(f ■':'.. : .•*'■•■*>■ 8 0 0 ' : " Ohristcnurch \.. ... _■ «Wg M , itui 3 r J S ,oio 0 JO«.e . . ■ !bear "■ ■■' - - - I ,..uxj li6 lU i8 1 oil I2j 2 10.0, 2 10 0 6 0 0 Meat' Export Z • i!;: : : '-* . *..■»»«» |°l " ° ° » . ». . ■••■ -' " - I 105,766 «.B50 , .1 b 6 0 0 ' 417 6 611 S ,;•• : m ..?,.. 306 , 316 3l6 ' 61 -'TRANSPORT, "''"" ' ' , ''' Tz a 2niJ I Di^ ailWa3, - - " ' iroflM 121,462- j - 4 , ji7 0 3 0 0 2 15 6. 2 10 6 Uuionhffi--■•■•■■• a , " --"• b- nil ■..ti,,,U7;6. .,7 1 0 7'0 0 7, 210 Wgtu" faS'Ferr';'' ?' "*mM>" J ?*Mi J n u (.J 1M-0 "lie 6 . J16 6 5 7 0 )';'•■ t-OAU; —-.-----—■- - ''. WOOLLEN. >■•■• ■■ . -,' ■ ' ■ ' • , ■ MISCELLANEOUS. ' 0 Bonapthy P/ipe •■■ E3"^C0.... . A&, 1,- i'.'nil:'. .6 ,•'..-"■■ OIO-β. x Leylana and O'Brien ■■ Si-J-J - 70,000+ :.i .,.. n ii;. -.71 ■ 1 2 3. l ?, e 126 6 13 1 MauncoTillo Liino . ' " 7,CO0 ' i>15 ' l n U •'6 1 0 0 K.Z. Candie ... „ . ~ „ lo.tu) ■ t7d iu ml fc 1010 0 M./; Drug* .... ,.„,.. ,.. -,,.SLO,COU ■ ,£6,'iiO. .. i - nil ■ '< ■ •■ C 8-0 2 0. 3 2 9 0 614 5 N.-J. Paper ,MiU» „ ' '„ ', '" M.775 '' l,«a" i nil. ■«,... 119 N.Z. Cement —:..•-. ,..: ".;;■ ..7. '. 6U.C00" " 2W "i v ii'Vl ...' : li4 : '3 115 0 115 0 JlanmnR-and .Oo. „ :„,. '. u.iOO- -Ti.t-W ■ ■.-I' 1 10 '■-'■ B'il JVard and Oo. ... .. ■ _ • - ■ tccoo' - Ufiti i i io '4 12 6 4 U (. ,81510 Wetn. -Fresh Food ... „. ,„ 7 0C5 ... 1 nil ViniwoinDe andTcmbJ „.,',„. _ .46.260 EC.163 24 , 24 .10 . -,.. ■■■ ■ ■ ' • fcnarlaud.. Ltd, :...,■;'■./.■. ....,-.„•. tfc.0I3 ; 11,724 11 ■ nil • 74 017 fl 0 IS G f 18 D 8 68