COMMERCIAL.

Dominion, Volume 2, Issue 507, 14 May 1909, Page 8

COMMERCIAL.

——♦ "j tfHE SHARE MARKET. ••V.v .. , morning; call yesterday about 2000 v fltiare3 changed -hands,', mostly--miningv.'6harcs, £££ bulk of .the -.turnover being in JWaihi Grand J nn °tion';Shlires.v\4:': sale,of Coal at 6a; was reported,' and a sale, of Sliar--..lands ordinary was made on 'Change at 19s. the afternoon l call,- National' Bank ; ;• shares : had quittance at.Xs.7s. and Leyland . QBrien at .£1.29. Tho quotations were few in numboiv^^Njtfionalßanks, buyera;Ss,7s., sellers, j.v,; • >£5:83.; Bank of, New-Zealand,'.'.buyers iCB 195.,- - .sellers ,w£9 ;ls. Equitable- Building, sellers ".£9 7s Gd.; Wellington Investment, buyers lis. ... . Sd.; Wellington Trust and Loan, sellers- £1 Is.; .^^^^^Wellington'iDeposit,-'sellers.. 85,.-6 d. i':-National .. v ... 'Mortgage, buyers 17s.|' sellers Feilding :... . • . Gas, buyers" .£l, sellers .£1 lsi; : National Insurance, buyers .SI Bs. 9d, sellers .£1 9s. 3d.; Gear Meat, JIl paid, buyers JCIO 2s. Gd , Now Zealand Shipping, bujors £6 165., sellers X 8 18s ! Steam; * buyers ■■£! 155., (sellers 'Vr Jos. 6d.j Kaiapoi,. preference, £5; Taupiri- Coal, j Boilers 19s. $1.1 :;Knnri ; Timber, buyers 14s, 6d., .';r" * i?S:7-sellers."'l4s."Now ,-Zealand' Drugs,;'sellers 6s- 6d.;' N C V Zealand' Portland' .'.Cemerit, rbuyers^.'Osj'Sd.,'sellers .£2 Is.' Gd; j'Sharliind's .' .. . ordinary, buyors 19s. 3d.,-sellers 19s.': 9d.-; Tai-a----:Siy;;;,!nakijl^troleuhi;'sellers'7s..-6d./:^■' .V I ' THE MINING MARKET. (was"; done in ' mining' Mgy;;shares:;:yesterdw..;sThere-, were' sii'; sales;of ■ v. s ' ! '^Waihi* : ;Grahd^Junction at .£2 'fe-.-and two: at '£2 43. 3d.;-'Waihis sold at £9 2s.- 3d., Talis-, jnans at .£2 10s. 9d; and £2 10s. 6d.;\Waiotahi >'; y at 25.-18 d.,: New.' Sylvia. at 2s. Gd.,< 2s. 7d., 2s. : , • ,6d., May Qneen at 25.-2d.i-'Kuranui-Caledoniari : • .at 15..,2 d., , C6nsolidated Goldfieids at 16s. 9d.' ¥& ; S ! S;vThe ! '!in6tatioß9 were as under,: the 6ales given ......being the'last, recorded:— . . ' •• v." ... . ' . Buyers. 'Sellers. Sales.

• ' .-.The final accounts'of ;tiie,Waihi'Gold Mining v' Company for .1908 .show,; subject / to: audit, that 1; ijl/V/Oltne profits ;madoi during the 'year exceeded those V-;of;t.he.' previous year; .The'directors. ?>t Vr7eoommend,;a ,;bonus "of/ 2s/' jrer:'sharo,' -making;; ■; :' ,'with.; the iinterim'l dividends ,'already paidi a> K: ' distribution ;of :,175. ! -, per/share, -as against. i. l ';':" ", ' 0163;, per .shate last'year',-ab»rbing'i62s,ooo ihore : .'than tho 1907 .distnbutionVthat'£>o,ooo be cari/.'iiiied ..to-reserve: fup,d,yandi that - be'car-" '.forward.- / The-sum '-Of:;'.£il,O0O 'for capital «>SV',r'«':penditure:(as.;agaiiist.J!s3,ooo .last year) 'and' v.rj r.'. ;.v£36,00p : for Vat tho'rate of 10 per. (as against >635,000 last year) have, been .... .-provided for out .of'revenue;- The aiinnal meet- .' mg.was fixed to' ;be>held ( -ih London yesterday, May 13. , irTil© j Ciistoms revenu© collected at -Weiliiifftoii 5 K.l yesterday amounted to>Sl3s-i 15s. 7d. -. : , , PHOENIX ASSURANCE. , ■ . . The .report j.'of ' the' Phoenix-.'.'Assurance -iCom-: P a^y, ' 1908," submitted "at' the meeting ;^^.^■ : r'A shows ..that.'in', thel fire department' , - ..tlie premiums 'amounted to' .'(net). . amounted to, 53.G pflr cant. and .-, ' ! per ; .cent. -of - tho , : premiums! absorbiriff : -y ;, 1 «^1,300 ) 3&i,., and /the totaf -proiit,' ;- : iricludin? : ; ; '..'.£66,921 of 'interest ) wag 1 50 i.' In the iicci- ■ // - : dent ' departmeut /the premiums received - wero claims ; 'J610,950,. and., the expeoises', vU"; : :j'^lo,«34.lii6: net 'new ; amounted- ' , '£7G3,075.- (net),. -ivhilo thfl life funds u*ero increased by ,£113,486 to a total of ,£5,351,050. , : ..-'irom- tne balance,of-profit irnd loss- the direc- ' ; : ,l° rs haT .® set.asido'i>e64,l79iiis;anraddition ! to!the ' -■ A'iftrfire: i-eser.ve,''-\thnßKJincrea'sing.«■' the , f latter,' "to . -; l ;:-A'iiv:^700;0pi)"aM;.the;; ! tbtaUfire;ifuiid^to.- i Slj35i) j : , - and tho sum of J!16,378 to tho accident fund I that ■,fundv.(ip ,; ; to .XiO.OOO. They '• fecommend the payment of a final dividend in re-' W'KW-;- 3'.- ®P«o F of'. the'; year .-1903 ;bf .:lSs;; .per * share,' fr«o': :i'V; S This with ; the in:;l2s?^: -sKaTei-made fost ' ;.Oct°D6p,--.yrill'make. a' total .payment' of SOs,-per • ...5 ha ™ '5 respect. of ,th«. year -1908. The. total /-.-tM./companyriiow etceed;''i7,3OO,otlO.':; ALLIANCE ASSURANCE ' ' ' : ,,' T!l o fi ro . premium', income' of the Alliance - Assurance ;.Company;,' Limited,■•; for . the ■ year i,amounted :':to; > ':■!'^y. .expenses to : i!1,W2,196, J leaving an .underwriting: surplus of -Tbo-fire insurance .fund : ' &:tV^■'v'-.Q ll, ',t.Bß:V : inaltin6 '-sido-.fhfl: premium in '-E153,2iJ, the; ■,- .;,, : ' l .:.' : P T oviumg for flosses; and claims estiinated. but • "ot at-"the'.'clqss'tofVthe'-year/'.was iE2231.v .,i, ' :i ,'psurance -funU amounts : to' 5;- ; >a"'V^ , A 9 ° 2 '' : ;™' ia ; l ' l r«a'ors declared on April 14^a ; ; '.. 10s..' per-, share*- out of tho profits -and. accumulations of .the tompany. *-,VAii-in- ' v.; 7 ■ diyidsiid c.of Kper' e -'!pai d in r ' J Qnuar y,- and tho balance of fis. per share will /.be. payable.on ; and'.after: July 5 nest; The ' dividend.,absorbs: i£207,103 to. : The total funds at the end (jsw. tlie year, including paid-up capitol. i ai,ooo,ooo, , . -life and annuity accounts X12,U1,20G, firo.insur- ' : ' account. niarinft iiisurance - ac- > capitaL redeniptionJand. invest- ' /."- -' inent .account and amounts" reserved . ' v 4"' jneet.; V outstanding.- f claims, to

THE LOCAL MONET MAEKET.

The "New Zealand Trade Review," issued the; monetary; situa- ; - tiorv-states ; that :uurin'g, the, ', quarter iended :\-••'March 81 .the exports'.exceeded imports in total .by somevtiiree .miHions/-accohntiriff for V - exhibited'bythev; banE re-. . the Same j period,; amounting to'two ' acconrit. ... ./ ' "ho c(jango.;for ,tho .better nuprivate accounts : :'" amounted: t0:J81,767,000.': "Tliesofigurcs/'states l ■£ tho'."Reviow,"■ '■ course,- the aver- .. . ages, for the three ; months, and wo are thcre- ' .. fore -justified, xwoV.think.^inuhtioipatihg:' that: may! accrue 'theb'ahk-' ing'returns:. for/the current quarter from tho "'/■ . excess: of-exports/ v :,i , : //'■" "The'vJfonb; quarter .often'!. yiolds/aniaderatQ -vV I: ~'V s ttemWr;and'December 'quarters' compose the off season the imports'. are^prac-'. all ? a y? iii: excess; in ; theso;^'riods..'. sWe '/.anticipate that ;the current quarter will make . : . .. '{an.uhusually-good'showing in .this rcrpect, as few»» ';!exports,:V.olmeaßand idairy "produce will both :be above, the; average for the season, while• W'&'A'i- ?fully> expect^•': to -.'seecontinued :?i' l inshrinkage; .'■probably' l to. tho end :'of 1 theyear. vo£.grain-{will; also-:take ; placoy.beyond ; some- years.' MV?:; 1 i i.l'ne Ppsc,Office'Savings; JJank'returns',show that theXvolume :bf' 8* :iii,;sj.s/;posit'i ; ';Bntithatftne'Sj!rohg':dem being,': practically ■ bs-heavy ,a3 deposits." ■ V .j';-v~ ■'.■ <- ' C.C. AND D. COMPANY. . (BY TEnEGHiPil —PRESS 1S80CIAXIOH.) 1 , Napier, May 13. 7 Tho C.C: and' D.-Company ; cable;:—"The' disorganised -';. : '.by . heavy stocksand-shipments-: afl'oat.v t TKe >?ov;-Vv"*i' -i ®?PPfe' being^considerably^ln'exceSs vof :the-de-' ; ;: . v ' mand,; there isYa further fall in lvalues for: ; quality.' lamb; mutton, i WeUingtbn,-.:arid};NbfthHlslandi : .. 2?d. Lamb—First, . quality, 4Jd.; second, 4id. Beef—Hinds, 3Jd , lores, 2}d. .LONDON WOOL SALES' (Bt TBLEGEiPH-—L'KESS .ASSOCIATION—COPTRTOnT.) London, May 12 Kp At,the.-wool, sales• there was^spirited'competiand Equalities -.were /fully. ■'hlv-}v') maintained.: :'<r.'/M:','.V'"'': l: •'■' Taomi clip' brought 12} d.' per lb.; -Brance-' •jSSciipatb^i^d.::,v;; t THE WHEAT MARKETS , (□ V TEr.SBEAI'H l'ilE33 ■' / ' London, May 12. ' 'Wheat cargoes are slow.of sale, and slightly : C«easiet; ; ;inv;price.i: Australian: afloat /isi"offering -.:... at •tls.-pcr.quarter. - • • - The Araerican visiblo .'supply of wheat'is ... V ; estimated at 43,729,000 bushels. TALLOW SALES. V (UT TKLEGEl.M'll—riiE33 ASSOCIATIOMr-COPTrtJOnT-) London, May 12. .i-'.v i". At tho tallow sales 1860 casks .wore-offered ' nnd ■ 690 sold. ■; Mntton,-.fino 325.: fid. per: cwt. ; ■: ■ medium,' 30s; * 6d-.;: boef, iino 315.; ffiedj um,: 29sed.

i ' , £ s. d. J! s. d. £ s. d. " ■, \ "Wailii G'(l Junction 2 . 4 3 2 4 6 . 2 1 3 iWaihi 9 2' 0 929 923 < Waiotalu — — 0 2 8 Talisman 2 10 3 2 11 0 2 10 G AVaihi Extended . 0 6 1 0 G 5 — ; Kuranm Caledonian Oil Oil 012 LN.Z. Ciown 0 5 0 0 5 5 — ■Way Queen. , — , — 0 2 2 < Tairua Broken Hills 0 2 1 0 2 4 — o:,r.-Waihi' Consolidated 0 2 4 0 -2 6 ' — 1 'Waitangi 0 4 3 0 4 4 — 1 Saxon 0' 2 0 0 2 3 — Kuranui — 0 13 — Noiv Sylvia 02-G 027 0.20 KomataiEcefs ■■— Oi 0 6 — ■ Con. Goldfiolds J 0 1G G 0 17 3 0 1G 9 Big Itiver ■ — 2 18 0 — Black-,\ ater '1 5 G —