FIANCE AND COMMERCE

Dominion, Volume 2, Issue 508, 15 May 1909, Page 8

FIANCE AND COMMERCE

' THE SHARE MARKET. I

.- ■/v The business in investment stocks was reistricted'.,at. the/morning/call. >Sales of Christ- > i church".'Moat 1 at J3lO. 7s. 6d. ..and Loyland- ■ ~ o'BneH'.Timbcr at, £1 2s. were reported. No . business : was;.dona at Jthe : afternoon- call. ;Tho, quotations wero unchanged. Bank of New Zealand, buyers £9;. National Banks, sellers #.£5 '<">-Bs.r. ; E<liHtable:,/Building, ''sellers. 7s.' "6d.; . : Wellington Investment, buyers. Us. 13d.';. "Weir ; ■ s/ ; UnfetonTrust.and.L'o'an;. sellers' £7 Is.; Feild-' : ing-f Gas; .buyers'.'.il, . sellers' .51 Is.;: Sonth ■ ■'/ British .Insurance,'.buyers £2 "Is. 9d.; sellers ; tf2.?89.'-;Cd..;r.:Christchurch' ; .'Meat,...'buyers -310 i 'fa.i l "6encrs!.i!lo 10s.'; Gear. Meat, £i paid, '".;'tuyers.';iElo 2s. il paid, -buyer's £2 .lis. , • V Y 6d.;'Meat . Export,.paid,, S6-4s. Cd. : j . . 2»'ew Zealand Shipping, buyers 165., .sellers. . «C 6 18s.; : Kaiapoi preference, .'sellers ■v ". : ';.!Es.j : Wellington; Woollen,/ordinary, sellers My. V iWestport; Coal/ sellers: ,£6 Bs. r6d. ; Kauri -Tim-Vvber,"-:buyer3,^l4sa-' l !6d. J -\'eeller6 ':15s. : '£V- 25.; New '-'Zealand Paper Mills, buyers J!1 ',25., cum-.dividend;;. . /.-Sharland's ordinary and preference,;buyers,l93.i > :;^.'>".VJ.'j. : Taianati;'Petroleumv- eellers .7s. : : THE ■ MINING 1 MARKET. .' Waihi Cferand\Junctions again' came in for a ;morning call . two' sales, at "£2 is, i.were/ made on: 'Change, a,.; -while .in-the :afternbon. sales y at, 'i62;43.v3dLand ; * : U3-4s. Gd. were' reported, and. a sale at -£2. ls. : 3d. was,' made on ;'Change. Sales of. Talisluan at ,£2 lls., Waitanji at 4s. 4d., and Saxon .; ".'.:.Bt'' 2s/,;15d.; 2s. ldv.and :-2s.- 3d. 1 . were reported,- . ind sales of the' latter 2s. 2d, ; and 2s; ,3d. " Iwero mado on 'Change... The quotations with ;/'.'the last recorded sales were as under:— '.''■/.'■',', -. J;.-.' /.Buyers. Sellers. Sales. . £ S. d. >. £;bi d.. 1 £ s. d.v (Waihi Grand Junction 2 10 2 16 2 13 ; ,Wnihi : 9 2 6 .9 4 0- .— .. Talisman ... ... 2 10 6 2 11 0 ~ 2 11 0 :." Waihi Extended -0 6 3 r- •.-' Kuranui';Caledonian 0 '1. 1 0 .1.4 v— \:U Hi lb. l .H ~ 0.2; 3 ~ ' (Waihi Consolidated , 0. 2 4-. — : ' ■ Waitangi ...- 0 4- 4 0 4 0 0 4.4 .: fiaxon. ;0 ."2■ 3—o 2 '5 . 0 - 2 3 New Sylvia.... .'... 0 :2, 3 0 -2 6 —> Con. Goldfields ... 0 17 0 0 13 0 — " Big River .; ... 2 14 G . — . - • — THE WOOL MARKET.. ; ; vThe, London wool sales show no slackening of ;:; (ompetitioni'.or"easing'.'of prices. ', . On the con'-' ::.,tr.ary, the ■}market displays, extreme firmness, and the tendenoy is distinctly - upwards.. At -v' ■'. the .back;' of ithis firmness is '■ the consumptive • ' demand—that-is. to 'say.rthc, market is; in- .■ ■ 2nenced.-.by.n-g l eniiine.demand for raw-material, - . j -andvis.not,'affected by. speculation. ..Because, of. f, ' - this,tit/,isi safe ,to,'Prediet/that, for some'time to', , ; prices.'; And this" Bti^g;/degiand,. is;' manifested in- spite ; of Van . : " /'•advefse'..6tatisticar , position.. '-Tho deliveries!.of' ,:.yool;;to':th'e.'trad6 show: 1 an'expansiohi'and had, there'bech-'the: sljuhtest' indication.of-a ' . ening dtoand/ prices iwould,'have receded. The 'r';: strength ;of;: the .consumptive demand is,'there./:j/::foro')Vgreater>,thin' appears on, the, surface. ii'ji' I .The, following figurp's.indicato the. movements ,of colonial.wcol dorinp the first three months' x:;Mof /.this and the preceding year ' -1909. . ' 1903. London Market.' . Bales.: ' Bales. ,; -Home trade\purchases... ..X 188,000 ... 158,000' ; .Continental ... 157,000 . , 114,000 American 39,000 10,000 : '' Total sold ... ... ... ;.. 375,000£ 282,000 'Jleld oyer - 13,000 ' 78,000 i t- the '/gregoing' the/wools- which have passed /througK. London -.'.in/- transit; to "their ; ■. .'and those.shipped direct 'from - the ■ /-./.colonies,;.the./quantities-taken by the trade in. the. two years conjparo as. follow:— • • - : Svi:':' -'V;'/;;.:;;/;/,'/-:.1909. ! ; : Bales. Bales.purchases ■; iH,OOO .'39i,000 ./. / Continental. • ... 805,000.704,000 ' Amiricatt . ... ... 91,000 / . ' 40,000 . Totals; ' ...' ... '.., 1,310,000 1,133,000 /: •. J Nearly tho whole /of. '-the/: v ihcrease,: 172,000 . • bales, .secnied by the trado this year, has gone , ; .to the Continent of Europe and to America. ■ • With respect to crossbred wool, the. special tt /; correspondent / of : a' .Melbourne; Contemporary. «, ; . has. the following interesting, remarks ,to make: ■ ; Crossbreda of roediuni grade, although not movinf /quite as freely as -they,have recently, been doing, remain finite firm .'on the, advanced , basis . ;/.of', value; but -when the coarser, .qualities-, are p. v reached,, those known _in .Yorkshire, fts 40's,- and below, ..the situation is .much less satisfactory. ' '.' Whilst it cannot bo said that there is any general weakness in these,/ it has .to'/bo''.ad- : : mitted that some, people-take a somewhat pes- : / L- Bimistic;viow of /their future.' The prinicipal .• reasons for this attitude on the part, even of ;--.Bome. of ;/the top; iaakers,, is the-.difficulty ex- / ,' perienced' in' : --obta&iiie fresh borders for yarn, -,>nd the; fact, preriously. alluded .to, that, these ; . descriptions .are. finding relatively small fav- '•/ ; - our Von tha Continent of Europe. Maohinery andoubtedly, is better, employed on the low count ■V■; yarns produced from', these. wools than.was the .-.case, not/so very long ago,-.at the same time v: there is . not •suoh pressure for the delivery under old. Vcontraots as - would enable spinners : ~ : to..;take : ;upJari independent attitude' when dis/V cussing- new.."business liith their, customers. Generally speaking, however, the wool-dealers, and the top',makers' engaged in this'.'.branch- : of- the staplo_ are not despondent, and decline , - .to :hllow/. their" judgment to; bo. ihfl.u«nced .by. the talk in some; quarters, chiefly consuming, v; whero tho wish may be father, to the. thought v ', of. eaaer. rates.in,the hear, future. .. They'argue - ■-and -the-argumeut is a,; sound ad.' . vancing rates for the-finor qualities of the raw -. material are .bound, if they, continue, of which ' the probability is to. open the way for • " V incrt'/ jed requirement of the coarser fibred, arUcle. All past experience backs up -this .argu- : , j although 'it may; take a little time

before the relative cheapness of the one class, may, enable in some extent; to replace the otheri ..the probabilities all point.to'its inevitably coming about. Now that the political difficulty in the/ east' of .Europe has been definitely settled, the shadowVof, which,weighed more upon Continental Europe! than upon this country, there ; seems /to be n6thing to interfere with a highly satisfactory ..course of;,business: for some time to come.' ... , , WELLINGTON MARKET ■ REPORTS. ' ■ TOe_New Zealand-.Farmer.s'; Co-operative Dis- / tHbntihg''C6.V'/Lt'd'., r '.jeport'/as . 55..;3d.;.-Wheat,; whole.;fowl, 4s. 10d.; barley, 'Cape.'seed,:';3s.'/6d.';'b'arley,' feed, 3s. to 35.-3d.;' barley.' meal, 15s.V-.per ton; oats, 2s. 4d. ; oats,' ■; seed, SparrowbiUs,' .. Gartons, Buns, Algerians,-.' 2s.V 9d.'; , oats,, crushed, -2s. Bd.per bushel; hay, prime, .£3 10s.' to-S4 10s. per. : ton; straw, :wheaten,: £2 10s.; oaten, 25.: 6d. per ..ton; bran,, Xs'ss. to-. £5 '10s.; pollard,: £6 15s. to. JC7;..6ucrosinei 200's £7, 100's'iJ7.5s. per ,j;on; linseed,.oilcake,-genuine, 14s. per cwt.; prime oiitensh?af chaff,- ; ifi3 55.. to lOs.-per . ton; potatoes, Derwents, X6;,dates, £h 10s.;. onions,' 10s. per ton;,'butter, "separator 9Jd/,dairy Bd.'to 9d. ; per lb.; eggs', fresh 2s. 4d. per /doz., preserved Is. , sd. per dbz. ; honey, CO's 4|d;, .14*8- Sd.'x 1 beeswax,' .ls.'- Gd;;Vfuhgus, 43d.; walnhts, isd. ;;cheese, ;"b'est; factory mediums, 6d. • per lb.'; ; ;baCon, -factory sides Bd.',' rolls 9d.,. - hams BJd.' per -lb;-; ■porkers, 70's to • AO's 4jd.; BO's toloo's 4d. to 4Jd.; baconers 4Jd., heavy' pigs. 3d. to 3}d. pei-Mbi; cabbage, Is. 6d. per sack;-.parsnips,;2s.-?6d.; carrots, table, 2s. 6d to',3s.; marrows, Is".',fd.; cauliflowers," 75.; pumpkins,-;. 25. ;6d. per,',6aclf; swedes, 30s. per' .ton; apples, ; desßert, (is. to 7e. 6d. per case; apples, /cbhkers, .55.-tfo'. ss. .6d. per- case; toma' • toes,. 2s, 6d. .to 4s. .per half. case; quinces 3s. ' 6d. to4s;6d.pefcase;pears, dessert, lis.. per case; ■pears,;. cookers, : i6s;'.' per .case; poultry, table roosters, -3s. Bd. to 45.; 'cockerels, 3s. 6d. to 55.; table heiis,. 3s. > ducks, ss. Gd„ all at per :pair.;:,;;^;^,i-;:";";,;:;'.:;,; ,:;,M,essrs.; ; Laery .'ahd.VCo., Ltd., Wellington, report -wholesale prices'ruling on the market:— Wheat, - fowl,--is.- Bd. to 4s. 10d>; feed, oats, ;2s.V2d.' to:2s;;.'4d;V; dun.oats, 2s. 2d. to"Bb.'id.'; seed, oats; 25...4 d.;. to :2s. -Bd.; Algerian seed oats, 2s. 6d. . to 2s'., ; 9dV; -maize, 4s. 10d.-. to ss. ; 3d.; crilshed; malt, ;85,;,9d.;, fowl barley,' 2s. 9d. to 3s. ; : ;horso..beans, 4s; 6d. .(all at per bushel); ricemeal, i£s/ to /55.; flour, . Nefr Zealand. . i£l2 10s,; bran,;JCs .to'Xs ss.;:pearl barley, Xl 5; peas,-partridge, 45. ; 9d.y Prussian blue'ss. to ss. Gd.;vfowl-/peas.:4s. '3d;, split .£l7 10s.; bonedust,,Vi£C; .superphosphates, £!>' to £5 55.; pol-' ,lard.XG,los..t° X 6 155.; guano, 10s.; chaff ; (oatensheaf), >£3,:tp 15s. ; oatmeal, <£9 16s.' to. £10; potatoes, -i! 4 -to £5 10s.; onions, Jls to " f®7; -picklers,to. 6s. cwt.; :molasses fodder, ;£5; bacon, factory,; sides 73d., ■ hams Bd., rolls BJd.; butter, ' bulk, Bd. .Poultry—Hens, 35.; ducks; 4s. to 55.; turkeys, gobblers lis.: to 12s„ ,hons 9s; to 10s.; fresh .eggs, 2si to 2s. 3d., preserved Is. sd. to-ls. 6d. per dozen; cheese, 6cL to 6id. per/ ; :Ib.; :: loaf, ■ 7d.. to 71d. per 'lb.; Akaroa machine - dressed cocksfoot, 75d •to Bd.; farmers'' dressed, sd. to 6d. per lb • ryegrass,:3s.-3d.'.!to 4s. Od. .per...bushel; Italian ' ryegrasses.:6d. to 4s. Gd. bushel; white clover 70s.vto -755.-cwt.; red clover, 655. cwt.; cow grass, 655..cwt.; alsike,; 82s. 6d. cwt.; mustard 10s.;civt.; trefoil,/.375. fid. cwt.; .rape seed, 265. ■ovt.; timothy, 325, 6d. cwt. > ewed© and turaib seed, 60s. cwt. ■ . ■ The Customs revenue collected at Wellington ■yesterday .amounted' to 'J!1500 195...5 d. , '. STOCK EXCHANGE. D>r rXLEUBATH —rBESS . ASSCCIATIOT J . 'Dunedin, May 14. stock. Exchange 6ales: No Toivn Creek, 12s ' 6d.; Waihi Extended, 6s. 6d. (2 parcels); Waihi Grand Junction, ss, (4 parcels),; Dunedin Dramage Board,- 4J per cent, debentures (1933), . THE WHEAT MAKKET, : (Br TSLEOnA/PH—PRESS ASSOCIATION —COPYRIGHT.) , . . , . London, May 13.V ; Wpoat is dull, owing to the .weakness in America. • Cargoes afloat are offering at 435. 6d. per quaiter. . THE METAL MARKETS. (Dt TKI.EGBAPn—rUKSa ASSOC!ATION—COrniiaiTT.) ftJl , London, May 13. ' Silver, 24jd. .per ounce. • Lead, jCl3.3s. 9d.. por ton. Imports, 20,556 tons, including 2473 Australian'; exports, 4187. . . PIiVEL SHELL. (dt T*it.iiaß»rn—i'HE«» tssoci*TioK—coprniont.) • ■ London, May 13. : At the pearl shell sales 1360 lots were offered, and; sold at the average of March prices- to 10s. decline. ,v." THE WOOL SALES. ' (HI TBLEQRArH —PRESS . ASSOCIATION —COPYRIGHT.) London, May 13. ■ Wool is meeting: a, good sale at full rates. ' The Avondale clip' realised llld. pel- lb ■ Ruanui, 12Jd.'. ; 1 ' : " ' HIDES MARKET. (di TiLEOßArn—pbiss association—copxnianT.) , Melbourne, May 13. . " /Tho hides market ,is very firm. Kips and lights aro quoted at Id. to id. advance.'-,'-

WELLINCTON 6 H ARE LI8T. 'iv 5 0sc ™ Ss Linbi-«.§ '- rnxcEs. rioia *- . coup ANT. Capital R il lit/ PCI ' ' : ' to . . - C01UW. , ■ , PaldlUpi Balanco raS stmro: Investor - ' . ". Forward. w y p fluyer. " Eeflei* Ea]o , . ■ • ' V"' '. •'•" '' £ : £ £ £ £ 8. d. £ B. fl. £ s. i. - <• ,i. flow Zealand u "m M -oooaio tW.Offr ' , . aj g'l't 9 1 0 9 0 0 311 I ; Rational .„. sw,ijea : |j -u • £ Jo .5 it 5 7 o- 6 ia i tjtjonal ir/o:,, ;, U '<100,000 £'W30' • 15 1 's i> 1 9 3 19 6 5 J ' ?nt)r°lSi5S?li ™ "•■'- : ~ tOMXIO -WW# ' J 8 ': 10 1 ' : . "3 10 6 3 17 0 5 3 10 ~ : 1U|,WU . "61M4S. ? 4i EO . 2 7 0 ! If 3 7 0 jj J «tandart ... .,,.„. «• m WiUW ■ bu,(M f .tit 10 11 t> 1 a 0 1..1 0 7 210 V - : '' v :: .r. ™.ooo- ofrj: ./ 6 « , 39 :o;t;-9. 7 6 '010 0 1 : s-a ,' S -S£ :: V S i S • '!' "" ''' ■:;'V :v '; .' ;v ■' ; &«"ura ™ ™ JE0.370 «M» •„ nil 17 14 5 0 14 8 0 14 8 6 5 17 10 ■ jlvtlitliig "• ~ :.: .1611,000 I nil' 111 9 2 6 ■ 0 6 0 V - V \J •: la,0w) '■...'"i i "1 - 100 110 110 jUanere ... • ".«*) J0 ft5 j . «1 .35 , 2 10 0 2J2 6 vfEew l'lymbuth ». ; ... b,'z£0 ' : t ™, i'■ J '■>" . „. „ lb.UXJ "- 1 5 * m 10 : . S i ■ - ■ . ... ». „ I 1U ■ 1111 15 .• 2510 0 i' • . 'J. " Z .. ... [ 5I.9H 83484 'V t, a . l Falmorgton Hortb ~ ... ... I ■■■■■■' x S id H'oWsetoa ~ ... . £7,750 31.092 4 S 1U 7 7 0 '710 0 7 7 0 6.5 10 V ».--v •«•.'•;.»! / ... 'iaosm. n,' ' nil i 1" 38 0 0 37 17.0 .6 32.0 ; 1W.PMJ, ... . .. . . 4J au 13 0 0 12 5 0 490. : ; .v. '■. ; • ;. V .'X ' Canterbary .. _ w , „ .• .Chri«tchurcli:V....: 183.727 f?* 2., 71 -6 10. S .0 1010 0 10 .7 6 711 J ifleaii ~ „ 365,920 !U til t 211 6 JO "7 6 • .. , „ ...' ... ~ ™ ... I U.WU i .nil US , . .2 10.0 5 0 0 :!S*ellmgton Moat Export ... - .... / ' ' . 4 . o laj io i t . : ; .10 2 c 4 18 9 1, .. .". • I ' • v * nil .b 6 l' 6 6 6 6 6.6 6 V » . ... ».' ... - r 105,766 A' 550 , 1 8 . 6 2 6 <i|. t til 1 *. DB an«t, / ... ... 1 'b, 6 « « 'ix | 3 0 6 ,3.1 6 3 1 0 . 617 8 • TRANSPORT* . • •V ; •••'J'.-V •"<' ' ' ' : Bhipping;,,', ;. x . ' •• ' r .,■■' ■ fAJnion' tauaju=!-'473,8<0' ' 115,£08 ' «' -nil . 61 616.0. 618 0 Bi6 0 7 7 0 •»cui.-biuuiu.Ferry „, ' ~ iU),uW: . toi.wi j 95 115 0 115 6 115 6 5 6 .7 '. * V. IWtuJ - " w Lll 0 ' . ' ' coaIm:;;."..;:;,:.;;-^' .•ffestpori . . • . '• : . 5 SE9.000; .136,67u. 31 ■ ::jl yj 6 7 0 6 8:6 •« ; 6 6 W J iaaprn . - wi.coo. . ••• . nil ... 086 ■'• ,. •" to.LW t.B30 j C u 7J 0 19.0 0 19 6 " • : Mossier . " " . JCO.COO B Ell 7 / .500 'amuogton „ „ — .ta,457 .. wib 3 . 14 5 217 0 28.UI5. 9'.W j 1 t a 0 0 3 g g 8 0 0 • miscellaneous. • f onashy Rmjs ... .„ . . . ■ 381 1 nil .6 3 0 0 . ■ ■ w -■ >- ,70,000 ••:,'«£ 1 nil 7i 11'9 .1 3 0 <{' t 0 616.1 KauricetlUo Ume w . 7.0» "6 1 6 ■ 1 " Sf ~ ~ . _ .10,(.DO • 10 nil 8 • " • ; : ' ' " J 7 ®."' iinr 1 - SCO,MO- . 5E.(j9 a nil . 1 2 6 6, 2 c c ,6 ■ 0 6 : St & uill « - ~ •- «,775 ., lfM 1 . nil . .', i 8 0 1 2 0 6 ; Umflflt ._■ .60X00' '- 2.WH ; x nil'i .. q <\ n a 1 fi Olft m i : s § ; j vT^'^oto. quotations are taken from the daily official -list*-of- th« 'Wellington Stock