FINANCE AND COMMERCE.

Dominion, Volume 2, Issue 539, 21 June 1909, Page 10

FINANCE AND COMMERCE.

:\ \ A 'sale 'of National 'Insurance at : il"Bs.' 3d. ' was. reported oif Saturday.. The market- exhibited .a 1" quiet tone, and prices were unchanged. ...Bank of New Zealand, 1 buyers ■£$ ss., : oum : div.;,: National Bank, buyers £5 6s. 6d. ; Wellington Investment, buyers Us.' Gd.; Wellington Trust- and Loan, Ibuvers £7; Na- • tipnal Mortgage, sellers: New, Zealand and River Plate, buyers £1 '145., ciim div.;'Christ-'' chnroh Gas, i buyers; £9 ;'. Feilding. Gas, 'buyers .£los.'6d., sellers .£1 Is.; Wellington Gas, .£lO ,paid,, buyers ::£lß ss.r'.£6. paid, sellers £U; newf.issue,'buyers ;£l 12s. 6d..premium; National Insurance, sellers .£1 Bs. 6d.; Standard Insurance; buyers' £1 2s. 6d.,';sellers. ,£l,2s. 9d.; Meat Export,. £i paid, sellers .65; Taupiri Coal, buyers . sellers £1 Is.; Westport Coal," bnyers. £S ; 65,,- sellers Bs'.";' Westport-Stock-.ton,'sellers-7s; 6d.; Kauri Timber, sellers 155.; Leyland-Olßrien Timber, sellers .£1 2s. Gd.; , New; Zealand Portland Cement, buyers, £2, sellers £2 Is., \6±-Tdlv.'.,•'• Sharland's ordinary .and: preference, bnyers :19s. ■■'.;, : ! >: ;;(; v;;. ;■.,•■ .- ;,.;,. . ft-I; ; :'THE:MINING MARKET.V;;:; A -sale of WaTai'Consolidated " at ■; ss. was made'on 'Change on Saturday, and the sales .• reported. were:—Tairua Broken. Hills,' 2s. GJd-; Watohman"2s. 2d.,'25. 4d.;Waihi.Consolidated,: ' ss. 2d.,, ss. ;4d.,. and New-Alpine, 9s. 3d. paid, at Bs. :3d: .V:The'quotations;, with' the last-ro-J: corded sales, •; were <as'.under : ■ '■

1 BE4.CH SAND GOLD. :sy* iThe extent of; auriferous ironsand deposits in i Now. Zealand is enormous.' In places it is Very rich; and it requires, no gift of divination to forcseo the effects of a : simple, effl- > . cient, and;inoxpensiToimean's of extracting the ■ precious metal. All the known methods ; of: ' gold-mining are ineffective, and in many direc- : .-^tiono^/efforts have been .made to devise special (.'•mMhinery .for Hhis . purposed • Not. .very, long . ' ago a machine was. obtained.! from America .■: ■ "which was expected to achicve great, results, .• but 011 tests on the .West Coast of the South : Island,V: expectations . have not been .'realised, ■m' ,and: it : is'believed that those' interested in the matter are procuring another : machine from Vv; the States. :. In; the meanwhile,: it is. . "■. interesting,.to note that .a serviceable working ■ model of ia special machine, of British, inven- \, tion anil 'manufacture, is now. being - tested in"J.New 'Zealand.*' -The machine',iis .designed to. separate particles of gold from iblack- 5 metallic ;Vsand, and ; ;a demonstration of ,thp '.capacity ■ of, •''this machine was given in Hawera'ja, week or so ago ;byv\-Mri' "W. Cower, -the;iNew : Zealandi'>; agent, when, according to the ;!6c'al,Op.aper, the. '-"results'; were satisfactory.' The.^process;is. 6aid to bo-'most^interesting,and:effective,'!the gold and any n'on-metallio said..coming-out by,; the ' , aid of strong, magnets, quite soparated v from the . black irons'imd.: If this machine will solve tha V -problem of extracting the gold from the. beach . Bakl, then 1 a now vista is opened up for gold- . mining in 'New Zealand, and it is to be hoped . thatrtne machine .'will; receive a thorough tist'

on the Coast; where the auriferous, sands to be obtained-in abundance. . The. full-; sizo ; t working machine weighs about one ton, isicapablft of treating three- tonG of sand per hour,; ' and costs (delivered) .2600. 'l'hus, a; syndicate with a capital of about MOOO could .give this - • inaphine a very complete trial, and, even-.if;itj should prove inefficient, the money loss would' % not be great. • * .' \ TEE -WOOL MABKET. . 1 Tho Jnext London .wool sales begin .on: Tues- .. - :i .day, ; ;July 6,-and there are already indications. :- /that the market will prove a good ono. ' The '.'.'latest reportifrn-Bradford.is satisfactory; the ; ; - top. market being firm with , prices unchanged. ■Tho cheerful .'feature is ths'.'.fact "that th«..improvement;' is maintained in spito of an ex-' . panding output from Australasia.. Tile Australasian .wool exports from July.l, 1903, to May 31, 190 D, as. compared' with ,the corresponding periods of the past two seasons, as "■ .'compUea~by Dalgety and Coi, show as under:—

There is.a.'net /increase this year.as compared -with' the corresponding, period of last year of ■ 244,538 bales, and :the. current, month may. pos-' eibiy shew' a further increase. It is a verj /v substantial;, gain,' and for the market to advance on. such statistics is the surest gnaran- ; . . tee. that' the consumptive demand is more than equal to the supply.' ■/ 1 ■ The '/Manchester Guardian," in a recent is r " " sue dealing with r the textile industry,: re- - '.marked .that for. some ./year's: past. the,.woollen branch of,the Yorkshire . . textile industry has been morel active than the worsted branch, but this season 'the conditions are reversed. Tho -.'Coin's Valley tweed trade, produces an endless variety' of cheap fanoy mixtures whioh find thoir .wav into every market of the world st,

1 (Prices. ranging from 15..6 d. ; per;yard, 54 inches upwards,' and. those ,aro in great demand with luge/ working-class... populations. Manufacturers in that district, however, are to-day not nearly so busy as'they are accustomed to be, owing no doubt.to the general .slackness of trade'in the industrial! districts. The deaiand for .finer, textures;•iand f „for', worsted .dress -fabrics is, fo'inako the tne worsted spinners busy.: For, once popular taste in dress goods is running "upon :what are known as .wool-satteens, made merino yarns. These are .-produced .in solid shades, and:.are a kind of.'-finc,-soft-faced: Venetian cloth'. -Both on the. v Continent'and in England nianufacturers; cannot produce th'em fast enough to'satisfy the present.demand. Herein probably lies the-secret of the present briskinessof the worsted spinning industry, for it is the, producers of,-these goods who; have contracted so heavily, .with German spinners for yarns. _. The.pricesjrango from.ls.:' 6d; per yard wholesale,"ah'd r tTiere"is*'qn endless variety, irc* shades;,:;, '..-'. ... ■;>!■■. '■'■ \ ■:■,■. J ■.;•■

Customs, revenue collected at .Wellington on Saturday'amounted to ■■£!&) 15s: The total for the week was .Ct6,105 is. Id., beer JCIBB is. :The : corresponding figures for last year were: ,for the day, JBZOSS'- 12s. Id.; for tho week, .£13,521 lis. lid., beer for tho week, JIIB6 ss.

'.'':■'■.,PEILDIHG MARKET,REPORT. Messrs. -A. H.. Atkinson and C0., ; -Ltd., re-port-(June 19) pigs again in short'supply, with keen demand-and really good value obtainable for -all-- olasses. ■ Poultry came forward in large numbers, every pen being filled, and every lot meeting strong competition. Vendors should be ,well satisfied with values/made. We sold a quantity of - farm 1 implements, machinery, tools;-etc.,, at good values. During the week a choice-collection of -oil -paintings was offered, on account of Messrs. Kirkwood and Nixon, 42 be-' ing sold at-prices.ranging from 7s. 6d. to £2. A on: account of Mr. J. R. Duncan' Now Plymouth,was -well attended, every lot being - sold;, Quotations ;-Pigs: .Weanors, 9s. ; small stores;!-95., 10s. 6d., lis. 6d., 125., 13s. 6d ; medium stores,: 15s. to ,205.; light' to medium .porkors,'.';22s; i -,6d., 245;,:: 2G5.:;!tf.,"283.; empty' ',sows, 1.275:; toe2Bs. Horses':' Agedimare, .£3 17s Gd.: Poultry' (at each): Hens,ls.'ld., Is. 3d. Is. 4d.,-to Is. 6d.-; roosters, Is. 6d., Is. Bd., Is' 9d., Is. lid., 2s, to 2s 3d. (over 100 sold at 2s. and n Ovor);-.rooster chicks, 7d. to 8&; ducks, 25. : 2d: to 2s. 6d.; geese, 2s. 9d. to 2s. lOd. : white leghorn roosters, 2s. 9d., '45., 55.; to 6s '• purebred drakes, 4s. Machinery: Drill hay rake, £2; discs, .68 10s.; d.f. plough £10 2s -i Gd^, t Pr ? duc6! ' Potatoes. Bs. to 10s. per sack j 901b._ bags., 3s. 9d.; pig potatoes, 3s. 3d) to _ 45.;« onions, from. Jd. to Id.' per lb ; parsnips, Is. :3d. small bags; pumpkins', ss. per sack r carrots, 3g; 3d.; cabbages,. 3s. to 3s. 3d ■ cauliflowers, 2s. 9d. to 3s. ,3d. j cooking apples! 3s. 9d. per case. ; . ' ...;. ° • |- LONDON.MARKETS.!-; ' " : -,: > (By ,Tolegraph.-Press Assoclatlon.-Oopyrleht.) .-.;.' (Eec. June 20, s'p.m.) ■ ■' rtn, i; V * "-»" l-\v '•''"Lonßo'n, June 20..'.' !„ * v ft eat —An. Australian cargo sold at 445. lOJd; ■j. Copra-Strong; South Sea in -bags, .£l9. ■»■ ■ j'-vHomp—Dull and .unchanged.' ' • -v ...Linseed oil, £25 15s:' '-:'- .'.';■ "JI58: 75., 6d; J per ton:' < three electrolytic, .£6O 10s. : -' 7e. ; ;6d. per ton,-'three months, •i Silver, 24Jd. per ounce, :; : i COLONIAL AND OTHER PRODUCE. \(By Telegraph-Press Association.-Oopyrignt.) '/:\. ■-.- -' ",V".(Reo;'";Jnne, 20, .5 p.m.)' • '■ ™iI -~ An Australian cargo sold, at 445. IOJd. pen quarter. •'-.". : ■;.; - ;■ - • ; Coprai.-l ha marketis strong., South Sea, in bags, .-£l9. . unchan P '"d The maAel iB dull ' and Pnoes.aro- .". Linseed oil,-;".£ 25 15s. ■ . THE METAL MARKETS. ■ • - Copper.-Spot, £53 7s. 6d.; three months, £59 55.; Electrolytic, £60 10s. per ton Tin. r -Spot.-£l3-l, 7s. 6d.; three months, £135 ss. per- ton. :.;■-.-' -;--. ~-■.-.■' ..; . . ? ' Silver—Bar silver is quoted ■' at 24>.d. per ounce standard.-;'? ■(.-., ■•-■■_• -.--■.; ;;..- •-,.■■

GRAIN AND PRODUCE.

V ; : . ■; (By Tolegraph'.-Press~ Assbciatidn.) ~„. ' ■'.'■": ■ ..,',. ■■':'Christchurch, June' 18. ■i There ,is a little.: more business doing in wheat. A fair quantity is offering, but sellers generally are asking 4s. 3d., and some as high as is. 6d. at country, stations. Business that has been transacted is on a basis of 4a: Id for tuwan and. pearl, and 4s. for hunters, but in cases of long railage 'a penny less would be paid. One thousand bushels of tuscan have changed hands at 4s. Id., and a line of tuscan and hunters at the same' figure.; Some business has. also been done between merchants for export this month, but nothing is yet doing for July shipment. : Oats are' without change, there being but few transactions at quotations. -'■'■. i Chaff is still dull of sale... ; There is rather more inquiry for potatoes! ".

h Winter has come. So has PHOSPHOL EMUk SION, the finest cough cure of .the century. 6

WELLINGTON SHARE LI8T, ■'V--' 1 ———————— • kiabi- - of FRICES. . yield ' rftTirrflTTT ' • iP ? i Fund andlitv n«» ,d2 Kvv- ! 'V- •?•■ roUPm ' - ' P^ u »- 'MM* Investor : : ; V Forward. _fl Buyer. | Boiler., .jgji, 7. ' ■/> : i •s jii, £ s. a. £> a. a 7 fi»UoaM It ' na w - 2 -59°'SSS TO-® !•» r* DEO 9 0 0 O H * " 1 OMloaol 675,000 U01J63 g >3a 1 la 5 6.6 5 7.6 6 7 0 i]1 1 . . • . INSURANOE. * - '•:■•■■..- ■'■■.'.■■ Rational .'.. (iJ ' r 100.000 570030 <5 15 18 6 'l 8 3 5 6 3 , S«h BriSlJli ~ w w " ' iH '' -COW 03 a 41 K 3 M 6 317 0 1 3 U' 0 5 I <j ! . Standard "* - ~ - ■»' 613,848 \ \° ,2.9 0 210 0 :2'7 0 , 5 : : 0 .» . ;-.smw ■ >68,066 ■ " "* - 10 i r 2 o |s g .1 -a 6 613 4 < financial ..SSBki,'!.: M -% ■§ £h J ? 0 30 • 50 » " 664 *■??..;•> .".S/. "J "'-fci: i 1!H 1" '® ' *". * ~ ~ V K 4 2 |$' \ • I" I 15 J " j «' 634 ;:v V.\V :CAS. : V:^'- ; - ■■ : .,... . Sc n h d ura - .» JV S 6 .»» « -ijie »80 »'n 61710 ~ ' t M -1; S i-'i -'ii: 110 . lymo . utb .. : ... .. • »«« . £ f< j; s" f. 'a--- :: :::} "-"i 1 ". '• is * '. 2510 0 ; «.7» 11,003 iy 5u ' ' " 730 0 7 7 0 6 5 10 .-i; v.. ■■ „ f 278.117,. n.voa iu : A Jo iS,S 2 wio o 1717 0 512 0 u " 10 13,12 0 HO'O 13 35 0 <7 3 7;V/, 7 ; -y.. : MEAT,■ ...■■ -5.:v.. ■•.. >V' : .r 'H'H' 33,231 7j ''"■''??'■■? 7113 Hear ~ -■ 166.6U0 ; B3,«l m "j . ' 1010 0 io ia. s io 7 6 414 4 ;» ■■"" I -Wl: , 116.62a ■>• ' /.• r5. ,!'! ? 213 0 3 12'0 4 16 2 Wellinston'Meat Exeort ... " i til 6 10 4 J '"10 O 10 2 •« 4 18 0 . : " i m766 . «.S50 I ■ h ' „ , I 0 t 417 6 61? I B»neanni . ~ ~ ™ 45.600 8,045 b 0 3 Id '3 0 6 61810 -'■/^Transport,'V^ : ,o iv'-v: ; v. , • .8 , %- fflilpiiBB . w: 1 . 'A. , 473.810 115,608 o nil 4} 616 6 s io c « is n 770 Union Bteam ... ~ ~ ~ ICOWU f ml H 1 { 6186 6 16 0.7 7 O rWetn. btcaui • ~ ••:.• & J .. Lil. n ..., .. . • ; , COAL ; ;;:; : v : " ;; - r S- " £ : 675 f' : & m ' 6 6 :||:« « '» 6 eio 2 .... .: ::.;;; b&.wxj-. 8.157 | tii .-i 100 ?[o . . ■ ■ -.v 1 y- : ' " /■• • Kff', ~ J' w '."joox'oo"' r«M *5 : rdi' '7- ■' c 0 0 Kff ei . •* . - ~ w _ E3.467 ,17.366 ••« - 14 , 6 , >'• u ; " Welluizton m r ,.. 103,518- "HM "V i" ' 319 0 3 ! 0 3 0 0 S 0 0 HisCELLAMEOUS. •/., .'• fonaithy Ropo I3J00 181 1 ' nil ' c ■ , ' f ' r ' ' • «»V^ tt ;ftP,9' Brl ea - ' -I 70.UJ0 7,156 1 , nil '4 1 2 0 1 2 6 1 9 n «is i ■ fi» ur ifoTillo .Lima .-7,000 315 1 ■: nil 6 1 *.* ,M 0 616 4 gi.. Oandlo .._ „ ~ 1C.LU0 • t70 io : nil' - e ' . •;S : KAte <iU1 ii;.: : : j s! ' 6 u« «,« : Manning" wid O 'o. ~ I ' ™ ' tb.'CDO 4l;a8 3 ' \ ' 10 2 »'0 .210 2 16 \Vard and-Co. ... - ~ tC,«w ' -14.513' 4 i 10, ;.7 j 17 R ■ ■ ' ' SSS--'S |KI ?# 0 ¥ # ~- :2. .*?M» ' W05'. -5 ' ' EU boo 717 6 *71ft 8 . ..:• , w Btn. Fresh Food , . 7,065 : ■'... ' 1 u'il '••'•' u u 1X1 6 "18 8 % : ; ■' Ud,,;„ y ,58,013 : i3m ; "1 'nu j p 19. u . . ; . fl9 ' 3 „ 18 7 '

..i !: Tho above quotations are takon from tho daily ofhciiU-lists ol tiie Wellington Stock :• , iiixciiango " ••••■•• • • - - i '••• •••••:■ / • 'v'•-. .

'; 7, - ■ Bayers. ..Sellers.' Sales.- • J! s. (1. ifi e: d. .£ e. d. y- 7'Waihi, Grand.June- •• \v. I tion ...'...... 2 6 '0 '2 6 6 ■' — Extended ...... 0 6 7 0 0 10 • — Waihi . 9 0 0 ' ' — . . — Waiotahi-0' 3 8: 0 1 0 — .Waihii Coneolidatcd 0 5 2 '0. 5 4 0 5 0 a Waitangi' ................. 0 3 8 '0 '4 '0 ■: Watchman...., 0 2>3 025 02 4' ; Talisman ..lU.!.... 2 12 0 2 13 0 - Tairua Broken Hills • 0 2 6 0 2 :8 0 .2 6J Saxon. ....0 2 1 —/. . May Qaeon 0 2 8 0 2 10 — - N.Z. Crown 0 5 8 0 G 0 -

■■ ■ 'Kiiranni Caledonian 0 12 0 14 —v '-.Tfew Alpino (9s. 3d. ' . ' . \ . .. paid) : '0' 8 0 '"0 8 G 0 8 3 " j Naw Alpino(103. l paid)-''0 ! 8 ,6 0 9 3 • — ■

v 1908-9. 1907-8. 190S-7. A State. ■; Bales. Boles. Bales. . Victoria 449,203 ,• .431,992 494.540 ■ New South. Wales...' 894,007 - 743,820 818,309 Queensland ' ... 1G3.707 129,779 . .110,261 .*'South Australia '.... 162,454 >102452 . 1-16,222 West Australia ... 56,285' ' 50,495 40,539' . Tasmania .... ... 19,496 21,0.10 13,829 New -Zealand ... 474,14.1 412,470 •' 413,534 A. V . Total. *v ■... 2,219,296 1,974,758.: 2,043,234