THE SHAKE MARKET.

Dominion, Volume 2, Issue 529, 9 June 1909, Page 10

THE SHAKE MARKET.

; : ; ;; : -;-A ! sale'of Gear' Meat, l£l.:paW,:at' ; jC2 125., was .:• nil. the',:business recorded in investment shares '■;; yesterday.:. .There ...were, a';fair "■. number ,'df:'quo--/'Stations;: and lvalues.were i'.unchanged. y Bank of ;■'. ,;New, : Zeiland,;bu3re'r's .£9 Is.6d.y sellers £i 25.; ; ::;;':Natibna^' : :?a'nks, sellers ioo';.7s;::Cdi'j Wellington buyers lis.'6d.;■: ''; and.? Loan, 'buyers :£l, sellers.''^7"'2s.. ; '6d.;'-Na- : ; (jtUraal "Mortgage,,sellers ,£i; Loan.'dnd Mercan- .'. tile,..sellers''• 4s. j ''Auckland..Gas,':.buyers £U • 2s. ■■::■ ':,5d.; •Christclvurch; Gas, - buyers; £9 2a". 6d. j Wei-. ';.'. [ington'.Gas,:'iClo paid,:buyers J!iß,'.'selldrs':j2lß' ,»..;iOs.;-new.: issue, .'.buyers premium; ■'.■::■'■'Standard■■ Insurance, buyers .£l .2s:'3d., sellers £W. los:';' .:'GearfMeat; f&.'paid, buyers "ilO'fej.-'iCl' paid, :"./buyers;.£2 lis.j;>MeatExport,'-:wE4. paid;"sell<#■' N^SS;;'JE2-jl2s.*6di'' 'paid;*sellers' ?£3 -ls.i "Kaiapof ; /Woollen,'; /preference^:tsellers" : viCs; "Wellington'' ;.iWopllenj buyers', 32,"195.,* sellers. ;£3:lsVy West-:;"v:port-Stocktdn '.Coal, sellers ;Bs.jJKanrt-Timber,'' '•':;.sollers.rlss.r''.Leyland-o'Brien'.-.Timber, : -: sellers"' : ■ : il'2s.';6d.,'.New-'Zeala'nd Cement; 15.,• y. /New Zealand Paper Mills,'buyers £I, ls.j-Shar-: :/:land-.ordinary, and'preference,"'buyers • 195.; ;. }I Tombs,,buyers '.£1: 25..6 d...-. -v

THE MINING MARKET. ojd. and '2s.' Bd., Grand Junction at: £l - -: : - ! ',9d., ConsolMated,Goldfields ; ,at:lßs',- sd.V'lßs; fid.V "21s. 9d. were ;;.r .Teported; The quotations';with'the last' recorded ' sales wero as'- undev.Y y^;; !!^;-?^';':;::.;vSfe^t'Bny«s.>3.vSellers;ft|.'Saie: s.i

AUSTRALIAN AND NEW ZEALAND , MORTGAGE., • The report of the Australian and New Zea-;land.-,Mortgage Company;' Ltd;, for 1908,: shows dsbit,p£' profit rand loss account of' i 1I ' 36 .°; , f! - 0 :^ 3 musfebe added the : amount -.--„ :f, broughtforward -:fr0m\1W7;.671,438 135.; lid., : : makingadobit .balance>l £82,797 to carry.for- 1 . • ' ward- rho directors ' regret; :• to: ■ report ' that J uroueiit conditions have iffqreV less prevailed i i ■:i ?? '■--I l9^ojSPW's oSeeg^stationiii during ; tho -past year. ; They arc, ;howoVer, ..pleased. to j:■' ;:"'7 report .that tho liquidation: of the company has : ;;rv : . made .further,, substantial'-;progress. I AUCKLAND ELECTRIC -TEAMS. , • ' of tho Auckland Electric Tsam- • ''l-■ f a^3 Compatjy, LW.; for thbVjear ended Decem- • • '• J* 01 ",t ; Sta&3 that;." the ' total revenueto - o\e„tra(fic .-h-. Teceipts, which:,amounted'6lo •:'i£lß3,'B4B?SSbw- a' .yjahsfictory./increase:' of .'After .alduct-' : j : V ing all expanses. : chargeabl<>,-to' revenue,'; inclhd-' : ■ .ing. 718 for debenturo'oM.other interest,tho . .. rental, and: percentage: of- profitsNpajableto the : ■. A - u S :klall .' l :Vityi.\C6uncn, .ainbunting -to i •V - -.' ; s Eefctln s . aside,^£]2|soo V compare&jWith LCIO,OOO ••V-v •• last '.year, the i depreciation there .- v ■.*".-XvJ® :* : . a, Y - fl'i X lis '-7 : .iiSSZiTSS,-' vinak in s Vwi t- X 2165" v;-Kv-X;: rW^t.forward,; a ;total ; of : airccX € pt>mmend to place'/to ; resdrTeXaccbunt ; : . v • pay ;the .diTidericl' on :ti^pr^er<mco' )v ; Vfihar€S;for the. year; • to. ; pay a dmd«hd on the ordinary..' shares;'a t the rate of •fl '.per 'cent.; .per •: ' it. annum',', and •. to'..;carry forwafd / , 'T-:'" . /; authorised shareicapital-'is.how having by. in".ordinary 'shares in;.pursuance ; of -;a special -resolution confirmed ; at air extraordinary'gcneraFineefciiiß on Novemv'' b^r r ,9. .<■ Since - the . close i the' year -.the new- : f shares • wero7 offered !'•;to *•'th^-existing; ordinary shareholders. and.the.'wliole'bf, ■■Sv-y-^:V™l ce ®..®Pv-lhe'-capital'«kiietditnt«'.for^lie''yeai l w^ :;:® m oM I 'ted: 10.^652,611;^.During the' year-l'isiso.ooo; - ; first- mortgage. debenture, stock,- : . ■; .ance ;of the then borrowing powers of the <ionifi : ''Ppy.' wasV issued, ■ makingthe: total 'amomits : the stock at-tho end of the year '/"dor the terms of the debenture stuck trust : ' u«!d the sum of J!2851 was last 'year applied'in : :t he purchase, and cancellation of >£2713 of the' t l.'sued stock. Jfr. E." P.' Simpson" has resigned .. ills seat on the board, and Mr. Bond His ~ ...Dcon elected to 'fill the Ttciiney. ' , SHAW, SAVILL AND ALBION CO.

•The report of tho Shaw," Savill and Albion' Company.;for the year., 1008/stafes that the ae'counts, show „a profit of ~£23,028 on the year's working after- .paying all ''.expenses, carrying yCIO.OfIO to. renewal,, repair, . and, boiler fund, £2500, to',insurance.fand, and making provision for,depreciation., JFhe dividend.for the year'-is 'at; the .rate; of ;5 iper: cent.:, free of inijom» tax, and a oalariiJd of ,£B49ris : caiTied forward;

BRITISH AND'AUSTRALASIAN TRUST-

The annual meeting of the British/and Aus-' tralasian Trust, and; Loan;' Company '-was' held in. Ixindon .just, prior 'to ;tbe;departure' of'. last' mail, llr. Herbert Brooks presiding. The chairman- said;-that the profit, as compared with the previous'. 12 months,"''.was. a;little less. This, he said; need not cause any uneasiness, as it was the .outcome of the'ordinary; fluctuations in the; business.;' The.; circumstances i'ofHtho money, inavkot and otfier .conditiona. yrero becoming moro favourable to.'the business of the company. Thero 'had been ajinoro satisfactory demand for money' on : the. other'side, 'the com-" panyfs' trustees'having :beenv'alile ;to -put but ,'a greater proportion of the.: company's funds to advantage.: Tho report ;was adopted,

NOETH- BRITISH 'AND MERCANTILE '■

-' ;.'''• ; :;' y-.JIJStJKANCE.-,. ';.:■ : •■■,;•:■.■■■ ..i.Th'o.ireport'ipf' the iNorth British and" Jler-. can tile-Insurant*. Company for the., year; 1908 shows the. following results:-~Tho net fire premiums amounted .to .£2,106,806, as compared mtU in 1907.: : Th»: not fire fosses amounted: t0':'£1,172,801.;' ■The. .profit' on .tho fire account ! fbr" tho ■ year, carried to profit and loss account,:amounted to' i£227,456. v . The directors «oommend;thoi usual:dividend and bonus of •v£l l :los.;per:.sha;e,.. along with the bonus of 55.-6 d., per'share .from .tho shareholders'.life and annuity profits,'.and 'the .-balance remaining to he, carried forward at' the credit, of. profit and.;loss;will: be .£579,790,>.a5' compared;■ with' at tho,end of. 1907. The accounts of :the;.Ocean ■ Marine: Insurance .'.Company (tho ,share 3 of-which.are.'-now-vested .in: tho North-i British and Mercantile) show a profit of £1&,M0 ;for .the year., 1907. -, -.The premium, income "for ■1903 amounted -to: *'.£163,006' and ; : the losses' to 'iC77;971. *- a .-< ■-'""•r.*- : ; : ;-: ...",...-.'';-:.. . ...';.■

JAMES NELSON AND SONS The report of James Nelson and Sons.. Ltd., for; 190S : states that; the, high; prices ruling for cattle .in the; Argentine continued • throughout - theiyeir-.j-but'-tho" company's products realised '.wmunerative.prioes on'this- side and '•■: consequently the;board;have the satisfaction of reporting, a.' slightly increased'. profit on that . earned,:- during ! the preceding -year. ■ j,- The net profit for the year .was £41,174, which, added to 'iß4s;2s7;"brbugttt.',forward, .makes' a; total 6nm 0f.''£86,431 ■ to'.be' dealt, with'.' The directors now reoommehdialTdmdend of 10 per ccnt. on the .ordinary.; shares, Rearing £42,131 'to -be.'/carriedforward.Tho ;Usual ; provision - for depreciation has been in' the profit and loss account, and "the;entire cost of ,maintaining in-an efficient cdndltion-.all .the properties of the com. ■pany, has.been;paid .out,of revenue.., ,

i Customs revenue collected at Wellington -«s. terday amounted to £2255 14s. 9d.

LITE STOCK SALES - -Abraham Whd! iWilUams ieport partheir : JphnEonville sale, : held yester■day, :as! ; follow-—A' full.entry- of.'prime cattle and sheep came, forward, and met with a ready sale. Heavy., .bullocks Tanged' from £8 12s. Gd. to. £8,. 17s; .6d.;. others,, £7 15s. 'to- £8 "2s.'. 6d;: light, £7'ss;;; Fat sheep—Wethers, extra heavy prime,'. 17s.- Id. ' and 15s. ; good, 13s. lid ■' to }i! S- i l2s J 4dl **> 12 ®- Bd -'' MgM owes, £6: lambs. Bs.':,3d;*j'. 9s;j'9s;; Cd.,' to;10s.- 6d." *■'

. . IMPORTED TASMANIAN' POTATOES.:; ... (BT. MIiEGBAPH—PRESS' ASSOCIATION.) „„ Christchurch, June 8. ' .. The: report that 1350 sacks of Tasmanian potatoes, . have;. in - Auckla:nd.. is sbrne-iwbat;surprising--in view -of tho fact that . tHe ,Xasmanian,crop is not a good one. .The reason assigned, for. the inlportation of these potatoes is the report of damage/by •,blight :■ and'' hirh' prices in tho.South Island a'short'time ago. ,rh«' opinion: of. morcharits hert .at - thetime was-.that too' mnch was being madc'of the reported. damago by blight, but while Auckland' merouaiits :complain ;of .the price asked for South Xsland:potatoes,.'it ;is difficult,to see how they can be imported more cheaply from' Tasmania.;,l It . is;; stated .that further consignments are expected from there;. ■ " . 3 C „Jr- lh v o:is i not ' il l!>r £« inantity.of potatoes - offering,: and, one,-: reason given, is • that farmerS' are.now busjr getting in tlioir wheat, and do not earo to give the time to delivering ' '?"ce s ;.are. a: Bhade flrmfer,'and. up ;to. 7s. :Cd..;has been- paid. at country eta-'

flittle- doing in other lines or prodnce. j - ; . , i /.

. . STOCK EXCHANGE TEi*aa4i'n -SI'KCUL c^itKiroNDonT) A 1 t- Auckland, June 8 i ! sk - °5!! PMTftilea on the .'Stock r y ' ; 1110 . blowing business- in investment , lines, was. recorded:—New Zealand Insurances sold at:7Bs. &nd'77s. 6d.; Auckland Gas Company shares at J2H 12s; and Burfoot at 375. 6d„ and 87*..•' In mining trans-' ;? ° ! • i a i- 6U: ?tI - op ■to V&-wjwfwk'Quoted 's2b; 6d. and bnrars : f»li " ;t P • iE9 V B *-' • Gkukl Junctions yj.'i'i. s al«? going., from 415.. '3d. to -Us. - f05..6d,, 10s., 395. 6d., 395. 3d., and then recover? ing up 40b;,- and; 40s. 6d. - Later rales were_aawn .again to 40s;, .sellers <os. 3d. aftd buyers, at'4oa. Kat Waiptabis kept%, the - former. s emn s °° t ?s sd. and 2s v 4d., latter »t 3s; Id. and 3s a mov'e.Aii Consolidated -Goldfiolds - sales regis 18s, l 8s ; 3d., and lS Od. Crowns sold at ss. Jd.. and Si 1M Waihi Extended, at Is,. 7d. and 6s. 6d. " d . {or TrLEGIUrn—MtESS ASSOCUTIONj

..Stock Exchanc# June.' tion, ,19s. (two' pareols), JJf • 18s;.i od. hr« parcels), 5.2 (six parcels), l 9g .'. o j ( i. (tjrw parcels); Talisman Cdncolidated, 10s • M.'-.(two.-parcels)j .'.Waihi.- Ss.. ' Sales ported Consolidated Gold Sold, 181. Cd. • Woilii Grand Junotion, 'J!2, £1 15a. 7Jd.; Hartley.and tvJley, JSr ic. Gd. .

■m n.j T I. s. d. .£ 9. d. •£«. d. ■ Waihi jG'd Junction 1 15 0 1 19 6 1 19 3 Waihi — _ ' 9 '1 3' ..jWailli: Consolidated- — — 0 2 8 Waihi Extended — 0 ' 6 D — . ..Knranui . Caledonian 0 1 1 • 0 1 4 ■ N.Z. .Crown 0 5 8 — > May Qneen 0 2 3 0 2 9' — Bason 01 11' 0 2 1 — Tairua Broken Hills 0 1 9 0 2 0 — Talisman 2 10 9 2 11 ''3 — waitangi. 0 4 3 0 4 6 _ Watchman , 0 1 8 0 1 9 0 1 9 Now Alpiifo 10s pd, - p 9 o - New 'AlpifieJ, 9s.:'8d'. -'\ , .V.paid-.: ;v — o 8 6 — 1 Hartley and Riley... 1 1 G - l. l 9 . Ulackwater.: 18' 6 —'' • — Con. Goldfielda ....... O.lS 4 0 18 6 0 19 0'