COMMERCIAL.

Dominion, Volume 2, Issue 533, 14 June 1909, Page 10

COMMERCIAL.

THI SHAEE MAEKET Saturday proved another quiet day for investment! shares, and no business was'recorded'at tho sitting of the Exchange National Bank, bujcrs,£o6s,sellers .£a7e , Equitable Building, buyers £9 3s, sellers £9 5s , Wellington In vestment, buyers lls Gd , Wellington Trust and loan, buyers £7, Now Zealand and River Plate, bu)ers £1 13s , Teilding Gas, buyers JBI, Gisborno Gas, sellers .£2 13s 3d , Wellington Gas (.£lO paid), bujere .£lB 2» Gd , (new issue), bujers £1 6s 6d premium, Standard Insurance, S oller3 £1 8s , Chnstchurch Meat, bujors .610 10s , Gear Moat (XI paid), bnvera £2 lls 0d , laupin Coal, sellers £1, Kauri Timber, sellers 15s , Loyland-O'Brien Timber, sellers .El 2s Cd , Now Zealand Portland , Cement, sellers £2 Is 6d , Now Zealand Papor Mills, buyers £1 Is 9d , Sharland's (ordinary ind preference), buyers 19s , Taranaki Potro cum, sellors 7s , THE MINING MARJJET. A fijr business wa9 done in mining shares tn Saturday Sales of Waihi Grand Jnnction »t 4s, and Now Big Elver at Fl 16s wore liade on 'Change, and tho following sales were Kuranui Caledonian, Is 2d ,•* New Zealand Croivn, Gs, Gs Id , May Queen, 2s TJd , Tairua Broken Hills, Is lid , Talisman, £2 12s , Wailn Extended, 6s 10d , Waihi' 3rand Junction, £2 Is Cd. 2s , 1\ aihi, JE9 is , and Maonland, OJd Tho quotations, with the last recorded sales, wero as under — , Buyers Sellers Sales „,,. , j;sdj:6djeed r7aihi G d Junction 239 243 240 Waihi Extended . OG7 068 0 610 Waihi 0 2 0 — 9 2 0 Waiotahi , — 0 3 0 — Waihi Consolidated 0 3 0 0 3 0 — : . Waitangi , .';:.i...'.......:;0'4 2 0 .'4';s — ' Kurahui Calfidonian 0 l-l .0 l r 3* 0 12 ''N.Z. Crown :..'....:.. : :.%tt: r 0.5 11 0 G 1 'May Queen ■■.7...'..::;;v^0'.2 7'. . ! '— . 02 7i Tairua : Broken Hills 0 1 IOJ 0 2 0 0 111 *Saxon ; 0 :2 1. :o ::2 2 — i: Talisman :.;..;....;....;. 211 9 212 3 212 0 ■ Maofihnd, 0 0 9J- 0 011 0 095 ■"New Sylvia ~.;:;.......!.';—/,"0: 2 .7 — i :. .; New Alpine (9/3 paid) 3•: 0 8 6 — I ■;: : .,-Neff.^piM(lo/-paid)vi : '- l — : V- :p- ;■;:! •',■'", '; ,To'wards'tho"end,'of. April.an interesting in- : . inrance amounting, to ,',£750,000 was .completed V ; it Lloyd's and-in tho-London , market, in con- - ■'.nection'with pno.of tho. .two ne'tf' Biazihan ;.'■: Dreadnoughts,:'tho- first, Vof'. which ivaa re•"'.cently■; launched.' :: The contract■■ refers ;; guns,mountings, arid: appurtenances:under con.;••:Btruotion by Sir>W.;Gij.Armstrong ■Whitworth ; - *.: ahd.iCompany; for; the battleships'..? This is -one '...■of ;Jhe'heaviest—if .'not. Quito the heaviest—in-: ■ Enrances.; ' ever.:; placed .exclnsively. : upon. . tho ' •'.■'Btmament of ■ any.iwarsliip;'-; Britiafr or'.! foreign, , ~ yet ;.built.. An idea ; of,'.'.tne;' erionnous 'amount y_ of money .which is beinßspent'. on. this uriiquo ■'. vessel can be formed ..when' it is 'understood - ; that 'the aggregate ..insured completed . valuo 4s : :iiearly ■;.which tho.armour; and • armament' together will : absorb over one-half. ;: ■ All; the. insurance's ■in .reference" to, this • latest -'■, DreadnongKf.' Have ' .been-, effected by v the 'con-' ...';tractors, ! in. accordance ArithiinstniotionsUroiu ■~: ;the Brazilian Government; aiid include the cus- -■<: tomary risks'for whioh'the^builders' would 'be .;':. liable were, they. uninsured; iThese ,, .'risks' com-"' ■■■prise loss or damagejby fire while the materials- ., are m; the! workshops' and los3/'or ■ damage' diirf ;r ing_ the -placing of the guns and-mountings in ;,." position; ,on, boardsthe .warship,; and, during trial'trips to (Soa after completion of the vessel, -. j:j>rior 'to her: final.dolijrory to.;the representar":tive of the Brazilian ' Special'-per-' ,'^mission;i3":;^iveh '■: undei:',:the jio]icies to'.allow . ,euii : £ring:tTials.at'«ea,"p'r'pvided'that no claim v ' be inade i for Ios3:;of ! life ;or ".personal; injury '..:■' caused by. explosion or•;the bursting .of .a ; gun "■'■. dUTihg ! euchitriaJs.-Those insurances' on .wardships and 'their^outfit''under.construction: are .-'yery.'iacceptable.to'- a. large section, of- under-. .- .' who .usually ; assess '.the premium' : for the owners.• .■''■.■ Especially is this ,:; the. case with'battleships of the Dreadnou"lit ;• .typo built -in:' British. yards. -"Urtderwritors'. in-■'\-.terests.-'are-not in: the least- influenced 'bv' the , ,' ; fact .that a.:battleship. may be to the order, of .:.a foreign Power; as in 'the'.'present.case! >•'■'■■ ;

;:feV:O; TEIEDING.MAKKET REPORT.;?' v,;'. Messrs. A- ; H. -Xtkiason' and C0.,-iitd.;\l'eild- ; ,ing,'-repoitwa '.medium ...entry -only- *of "figs. - Strong -dffifaffd.and' higher "rates, for .anything "■:.showjng quality.•■.;.Baconers.of heavy., weight ■'■■■6old-'r-np' : to"ites; i :: ''';Poit^/.'was''. : fotward:''in;e<>n-' Biderable quantity sold remarkably well. .'•Produce of all.descriptions l sold at late rates, ~. .a nice.line of .Nelson'ldesge.rt abples'making Bs.' ;:. .per case:'- Quotationsi-fPlgsi'Slips, lis. to i3s. : stores, 135., W& 3d.,.155., to 18s. W.; ■'.; : 'lighti porkers', 21s. 6d.; - hwtvy. baconers, 465. ";; Poultry v (at each):. Boosters, Is. , 9d.,'ls. lid., to ::■; 25.;: hena,.'ls ; : 4d,i.:15.: Gd;,.: to. Is. V 9d.; : ' purebred ,V fowls,-2s.' «.;.2s: 6d.,- Ss. 3d;,;35. lid;, and mi ,'-; t0.55.; ducks; 25.,.25. Id., 2s. 2d.; 2s. 3d.', to 2s ; : IW. Produce,:etc.':".Potatoes,"7s. 3d. t0:95.:6d. 5 . ■ ;■•, per, sack; '■ onipns/ -2s.•';per 251b. ;bag;:' parsnips,:' '.-,■ Is; 3d.;': cabbage,: Ss. 9oV; cauliflowers,- 3s.•': Bd.; : ~pumpbiis;-'33!;''carrots,;3s., ; .light chaff/-2s.'per •■ • Eaofcr;.wheat; ; 17s. , '6d.':.b , ttg;vfactory. ; bacon, 7jd. • per;lb.;'.hamg; ; Bd; ■'/':■<:> •"- ; . J '.' "■■'■■■''?■■ '■•■<•.•■

: ';.[ ■; V [.. ;, BANKOF ENQLAOTi; RETTON.' v ■:. /;;' : ; : ' ;. T^Ka.B APH—PEISS ASSOCUTIOK—COPTBIQHt.)', ; :' ; v| '■V^''r-V'/> v/: - i; " ; ;'- ;: ' f ■ :'.:.;. ..The'-Bank ofSEngknd retuni:issued : for" tho ;.. .week t-_ ending ; Wednesday, ./June : 9, •,;,'■ is as " : : .Ulldor:—*.. r.'■'■-'; ■■/■.■>' ;■,','.■.';..•: ■''■ .^. v - : ■ ~:■'"■::■■■?". V ■ ■'■'■;■-■ : i.:"'■■■'•.■ ■■'•■ I " ''• -'Insun, Bwabiuehi.'v ".■''.'-.' .- '!■}'-,' -■ : .Kotehsu ...■:i^,\n.W:o6r.B(!mAl\ea£nm.aa. : ■ '.'-'■'.■■':' .--■■.,!■,■' .■:■■.■-•■:•■'■!■.; 'Other KOBri. . ■■,-... •. •. ■ ■■•• ■■:>■',■• :>•••'...vT.;.':.■.•■,;•;■■■'':■■ "..-:;UeJ ••;-,.■■;"u-:--T.4S4j(loa'">: •:;■•.-^:pi':;/;- ; is : :,v ■£. • : :? <rfa ,':.' .''■', ■y v V ,;-: ; :v': - : ':;;■.- ? ''f55.193.0e0 : ;- ; ■ ; -.:' ' ',■..■."■■• ■'-. ;■ '.BAHxraalteiß'ritKOT,-:..'! f : " ..'- .-■ ■ •' .-'• V.. Preprletors' ■• •'.-. ■.-,■ ' .-.'.■ Govf Mcntl- , ' i ; '■ • '■'-■■■ ■ ■■: ,..;,fUDlloae- ,:■■: .Otherßcouri-- :' : . '■ • "'•:■■■'•■•'bStfV I ''''-? 3,B f'°! )0 : ■~; : : '■- 81a "' CM ■■•.■. .'■.-.:.: Vpostta !s.TOi,a)0 v --■ V.iEcst, γ-flay. ■'■■:. "■■!■■■ -■■ ■-■ .- : - ... .-• ■ ■ - :•'"The 'leadinj jtomsof bf'Englard v ■:. . return; afiord the : follnwinß. cqmparijon :-v ■■ ;' ■:■.■?;";'■■[■:■■ .-;'v''•■..'•.->'.■. : '!HiisireelE.;l«Btweoki-'iiastye»r' .■■'■ ■,';'/'-Biillon •i.'.rjU" SG,7«,CCO ■ s.MDJOO'.'- 36,«i,000 ■-■ '; ; 5 e frre-". : -,. ; - a361,0C0, :26J64,000 ;• M 4.000 . >.. KotociroulaUonv 20;4W,C0J.:>..-251.559.000: !«,W(|OOO ■■•^^?^'■^WlbDepo^t3.^■■■J3.Bos^^^.αwβa.(lul■^■ ; •■βoM■ .-.,..■ > Othor Doposlta :■ i2,3U,IXX) •'-,; «,«1,000 • ; H.3J9 000 ;,'■;:- ■.■>-' : v : ;,;■..-.■ ■■'.... ' ■ ''k '■.: reservo-' to .i.v"' ■•■.. -:-:i':*•.-( :■!■■: :,'.■;'■■■•■ •■■:■■%" : . .;■■•? V •^^^•^v :': ■}■}.';■: .^;' v '■it : - T >eMoPor«on:-.o{ ■■■'..-. been ■multiplied in transmission;- and the &- ~; : urea .given, ■ 45.133 per;cont, are' pur own calcula■'.•tion. ■;:'','. .■■.■'•:■,.■.'■■■■•.■•,"•.•'■■■, .■—■■'■';■• :■'''*;'/-£< :, . : :■'.:' .'■ •■:■> ' .;'V|v :■: ; - 1 : -:^''■':i :,:/ v Theifoilowinß'. aW-,the>iatCEt' : -.quotat;ioHs,' for V.■■■.; eovernnioiit aocurities.'-.vritt-a comparison of : those ruhne-last week:—:: ( : ;'..■-.: • "■.■'i-.'h i .: ;: '-V^ : ' .^ ;/ . '.; Variations- ;: '-■:.> ■,«■'.. r'.- ! '■ compared < ■:,,:•.;, ■-;.'i^ ; v..:vi■:•■/■:'••■■■,■•■■■; ■.*■*'",■■ ■ witu .-, ■;"-;■';.■ '_ ';.. ;.;:'•' ' . ' •' ' ■ • Itstiraak. :; ' : £i% Imperial Consols.'_•.■ .„ .81 30 lisa hi&nr : i•■■S!3&as■ . :,,bJ:.,Q; ;dlM|.3oJaa.July I:: 961 a I SI.M. o'or , .sS..W,A,IB2M)May-2IoT.- ... 8310 0' . Unchanged ;. i ,8 ~,jyAJ9ii.asM»y.Nev ... 0710 0 SsTlowor : : vv.' ■■■•■THi3' : MONET;' MARKET. ! i : ' • ":■' ■'.■.','■ vtTherßank of.England,disc6.nntTate';.js 2J pet .: ■'.;. cent., ;;to. lihich it was reduced on .April ■ I.'. • : ■ ■■■;.-. The;,open market'discount rate 'or best'thrce ■ '■•'■ months', bills is 5-16ths higher.at 2 per cent. V- , '/Short lpana are J lower at 2 per.cont. . .:. . '-,iy; : ,'•.: 'COLONIAL _AND OTHBE-PEODUCE. '... . ;.;,";. Wheat—The market is finni' '■ '/Holders 1 aro ', very steady,: on account of; the ■. '.Washington : Bureatfs report' of deficiency in'the winter ■i-wheat:.crop ..of 40,000,000 bushels. ■-. Australian •.">. cargoeshave been, sold at from 445. to 445. 9d. ■; Stenmer. parcels, June'offering, 435.-9 d.. The ' American visiblo supply is 2G,C74,000 bnshols.' , :. .: ;Tlcur.—The market is quiet' and unchanged. ;'■•. . ■ Saga^.—German beet, , 10i; ; -7jli; :>first, /marks, . ; _', 12s. 7d. f.o.b, Hamburg.:.: ''' •:•■■'...''... Wool:—The Bradford market is quiet and un- :. ■"•"•'.; : ■;' ■ .'•..; ■■.:•• ; : ' , : -.'. .::• ' Butter.—The market is quiet! Danish is •'/■';: juoted at Ills, to 114s. There is a little enquirj '.:■ tor,', colonial.-'.; Choicest Australiaa is quoted ?•■ : flomirially.,.96s. .to 935., , and 'New Zealend is ■: .;,-it, v io4n:- ; " -...•:■■:■:;>' .■;. . ■-. .--■ ••• •■■'■"• ..Chccsc.-rTho niarket :is:rather easier./ New /■ ■■Zoajand.&ls. lo 655. : ;!: ;;,y ;V ;' ■' '';- ■''/ -"; "' ;,.:.. .Kisuri gum,—At tho kauri sales 618 coses were ;'. offered-and 150 sold. "Wull rough three-quarter .■ !■ Ectai)cd,.l3s:tol4o. :' : ; :■ ,■:.■." ■ ' " ', '

-■■■■.• THE METAL MARKETS..., Coppetr-Tltree months, 6s. 3d. higher, ftt 'X6lsS.'-per I .ton;-v .>, ;' : , ;'>Tin.-4ip'ot; £i 17s. U. higher, at .£135 2a. Gd.; three months, .£2 10s. higher,'at-£136 2a Gd. per ton... ■ ~- ■-■■'■'' ..■■':'■.•' ."■ Lead!—Unch'arigcd,' at £\3 ss. ■ per ton. ; i Pig-iron, lid. lower, at ISs.'lOld. per ton. . V 7 ;■'. ; .LONDON MAEKETS.' ; ' -. : .'■ 'VMessra. Dalgety and Company, Ltd., report , having received the following cable messages from their London honse, dated Jnne 10:— . , Tallow.—Any change in prices is in favour: of .buyors.. For ..beef and for mixed of good colour,'43Jdeg. titrc, off the coast, 295. per. cwt. is being offered. Buyers show little or no disposition to operate for forward delivery. ~ '.-■■'■■ '• ■.'■■. .. Frozon'Meat.—A bettor demand exists for mutton at unchanged prices, but Canterbury lightwoi&hts' have advanced id., owing to scarcity. There- is alro better demand for lamb, but at unchanged prices. Beef—Prime ox, fores 3d., hinds'iJd.Thfl demand for beef has been checked by increased prices asked,' and a continuation of these values'is not expected.,.. ; .^ : ;' :, MINING'NEWS,' '. .-' -..',•/'. ■■■,- .: GEAND'JTTNCTIdNS.' ■'- ■ "■ (DI TKLEeEi.PB.T-«PECUL (XrtaXSroNßXin.) 'i !., Auckland, June 13. : On the. Stock. Exchango on Saturday very free transactions took place in Grand Junction shares, a good'many thousands changing hands. The market opened at 465., : as compared l witL' 425. oa Friday, and elmres changed hands up ;to 475. at tU; first call. By noon the niarkef eased a little, but closed with sellers at iGs. and buyers at 3d. less. May Qnecns sold at 2s. 9d. l()d;;v;Waihis, £9 55.; and Waihi Extondeds, 6s. 9d;> v ~.v,.. /•. ■' -.-■,. 1 '.••.' :; -■;:■;■ ::.:/.;DEI3DGINI3. '~ .'; : /■''.-', . •■■. ; (bT TELEGBAPn—PEESS ASSOCIATION.) " : '■'■'■;-■>:•::,.••;'..-■ ■:■■■ Dunedin, Juno" 12.-; returns :-Waikaka (Jhited No. 1, 20oz.'12dwt.; No.'. 2, : 240z. Bdwt.; Punt,-17oz. 18dwt,j Bising.Sun, iOoz. •■-..■ -.. _' , .• "■;.'.■ Dunedin, June 13. Dredging returns.—Enterprise, sOoz. 7dwt.; Alexandra Eureka,-30oz. sdwt; Eise and Shine No. 2, 270z. 3dwt.; Manuherikia, 220z.; Golden Bed, lloz. Mdwt.j. Charlton Creek, lloz.; Olrie 9oz. 7dwt. ■ ■■■■■ '■•■ ■ . . v •