COMMERCIAL.

Dominion, Volume 2, Issue 546, 29 June 1909, Page 8

COMMERCIAL.

THE SHAREMAKKET. A sale- of National Bank shares at' £5 10s. was reported yesterday, and thoro wero further buyers at the price, sellers asking .£5 12s. Bank of New Zealand, buyers £0 3s. Cd.; ■Wellington Investment, buyers 11s. Gd.; : Wellington Gas, ,£lO paid, buyers £\S- 10s.; £S paid, sellers .£l4; now. issue, buyers £2 2s: Gd. premium; Standard Insurance, sellers ' £1 35.; Gear Meat, .£1 paid, sellers £% 135.; Taupiri Coal/sellers £1 os. 9d.; Wcstport-Stockton, sellors 75.; Kauri Timber, sellers 155.; LcylandO'Brien Timber, sellers £1 2s. 6d.; New Zealand Portland Cement, buyers £2;' New Zealand Paper Mills, sellers XI 2s. 9d.; Sharland's ordinary and preference, buyers 19s. 3d. THE MINING MARKET. ' At. the afternoon call- yesterday-a sale, of Now Sylvia at,.3s. Id. was. made on 'Change, the sales reported at both calls wero: Talisman, £2 12s. Gd., £2 12s. Gd.; Wai hi Extended, 6s. 3d.;.Waihi Grand Junction, £2 ss. 9d., £2 ss. Gd.; Waihi Consolidated, 4s. 7d.; New Sylvia, 2s. 9Ji. 2s. Did., 2s. IOJd.; Maoriland, , Is.' B}cL, Is.. 73t1., Is. 7Jd., Is. Gd., Is. Bd, Is. sd, Is. Gd.; New. Alpine, 10s. paid, Bs. Gd. The quotations, with the last recorded sales, were as under:— ' . .. ■". ■'■.'.' Buyers. Sellers. Sales. „ . £ s.'d. £s. d. £s. d. Waihi G'd Junction 250 25 6256 Waihi —:■_. 9'2 0 9 4 0 — Waihi Extended ... —-. 0 0 4 0-63 Waihi Consolidated 0 4 6 0 4 8 047 Watchman : — 0 1 10 — Waitangi . — 04 1 — May Queen 0 3 3 0 3 5 —'. Saxon .: „ 02■2J0 .2 3 — Talisman 212 3 2 12' 9 — Tairua Broken Hills '— \ 0 2 2 ■'.-.— Maoriland '0 1 i 0 1 6 0 16 New Sylvia ..„.. 0 310 3 5 0 3 1 New Alpine(los.pd.) 0.8 3 0 9 3 0 8 6 New Alpine (9s.' 3d. ■''. ■■'■.' paid) 0 8. 0 "-■—•■■■■'■—• Blackwater 16 6 — — Con. Goldfields 017 6 018 8 ■ — THE. WOOL SALES. ■ V ■ The fourth' of the series of' wool salea will begin on Tuesday next, and there is every indication that values mil again register an advance. The demand for fine wools appears to be exceptionally "strong, although there has been no upward movement in the quotations for 60's tops. The common 60's are at 26d,, and super G0 f a-at 27d;, and these were tne quotations at ■ tho beginning of 'the May sales., Crossbreds Imve advanced, but the recovery in'-.this class of wool'has no been bo .pronouilced as that shown by fine wools. This,' no doubt, is m-some degree due to the: trend of fashion, if ,vp. may judge' by past ex-, penence, when the difference between' fine and coarse wools is very marked, an adjustment soon :place. Either fine wool recedes or crossbred advances.-: On this occasion tho'probability is that crossbreds Swai advance, and another advance will. have u stimnlating effect pnNew Zealand.: The outlook for tho next sale 16 _ very.; good, and the new - clip, which pro- 1 rniaes to be nn excellent one, should meet with a good market./ • ' - . . - v ..•' :,; WAIHI DIVIDENDS. At the annual melting in London, the chairman in the distribution of the profits, said:-"For the present year, unless anything entirely unforeseen should occur,'we tf,f l, i. . p » y f< ? ur t dividends of 45., DUt what .the next bonus may be.cannot bo anticipated before March or April If it be ■iqiM P^n S v r ?'M then A ho total distribution for 190? will havo been tholsame as that for 1908; if it be more,, then the. total distribution wil have been nlbre; but, as I have said, in any case it i S( impossiblo to anticipate what it will be. until the - spring of next year. With regard to onr total distribution, whatever it T* H' l U take 'to distribution of 17s per l a m e f °V'? I\ n -5 «««Ple-ia. one sen eit seems at high'distribution ona ehare,-but 'For some timo past .the Bhares have stood generhn^ en fw and * T 6hare ' ami it is on thia basis .that many of our present shareholders stand. Consequently they are- barelv receiving 10 per cent.. <m the cost of- the r rtjares .and; that, is by no means an oxcS percentage on mining ventures. - : It is as miirh .as it 18 wise to pay, but.it is-nolh'ing to warrant the representation of Waihi shareholders »f£n S Te ,^ e >""-mous, or indeed, largo returns ~on their investments." .... Cjistoms revenue collected at Wellington:'ves-' terday amounted to £W9 12s. 7d ';" lngColl J^ :■: THE FitOZEN.MEAT MARKET (By- Telegraph.-Preas. Association.-Oopj'TishtV - The F.ozen ; Meat Trade lold market, quotatione? for' : the"-". undemenhoned classes of frozen meat are -bS on actual sales'of not less than one hundred™ca£ casses of 'mutton or" lamb, or twenty-five cafcasaes of >ef, of fair average quality quotations; are not. for -selected lines;*but fW parcels fairly representative of the bulk of-tho shipments now. on" tho market:- • s ■ Canterbury, light _...'... 3l' ,-. SWG Canterbury, medium __.. 3l qiic ■ North Island,', be5t....:....;..... 2J poir North Island, ordinary .>._ 2l \."- oi VAustralian, light-.;:......:_...... : 27-16 '>2i : ■ Australian, heavy........... 23-Ifi ;9<urEiver Plate, ;light .ZI it n ' ' Eiver'Plate, 'heavy >..„ ; .; 21 v ' 21 Lamb— ! .-'■ v '■ ■.■'": ' : . Canterbury, , , light ~_;„ U', ■'" n Canterbury, : medium ■ ;_.... 4 ' ' '-31 ■ " : Canterbury, heavy ;...'. 311-16 31 Southland-... ~„_■• 4, . )S ; - : . North Island, selected .!! 4 . y ' ■ North Island, ordinary : 3i • •?! ' : . Australian, beet ...._.. 85-16 . '3} . Australian, fair, , ... ...........33 3J Australian,: inferior .„. """ai 'q Eiver Plate :........„„"■ 3! ■« - Beet-- :■■■".;■'.;:■ ;,-. . w-"y :! .. *' ■ ..'New Zealand fores -..._._l_ 2}' '■■ 21 ■-.-; New Zealand hinde.... 43 A ■'-. Australian fores 2} 24 ..Australian hinds-....... ~'.: it A ■ ■ Eiver Plate fores ' :,„..„.. 2? ■ oiv' • Eiver Plate hinds ........:.:: 1} ; -, •'■-'.-.. ' EIVEE PLATE'OATS.' ' ; / ; (By Telegraph.-rPress Association.-Oopyrißht) ■ , ''"' "■■'..'': ■' London; June 27. A cargo of Eiver Plate oats, June-Julv shinmentis quoted at 18s. 9d. . : V . .'.HIGH COMMISSIONEE'S CABLE. , The Department of Industries and Commerce has received the following cable from the High Commissioner, dated London, June 26— ~ The'mutton market is weak. There ie less demand, and the advance has been partiallv Ntr^SS^^d^/ib! 2Jd - Pirlb -?: M& The lamb market looks, very weak/ There are a number of sellers at 4]d. per lb.for Canterbury brands, and 3Jd. per l'b. for North Island! The beef market is firm, and: there is a better demand. New Zealand hinds are quoted at 4jld., and fores at 2Jd. per lb; •"■■".• ■ _ Tho butter market, is .quiet, but. holders are farm. Small supplies-,coming forward keep the market/steady., ■:.Choicest New Zealand is quoted at IOGs. per cwt., Australian 100s., Danish 1115.,-and-Siberian 100s. The oheese market.is dull, and-prices are irregular. Zealand white is quoted at GOa., and coloured at pis. per cwt. The. hemp market is very quiet. .There is nothing doing, and no change in prices—viz.New Zealand good fair, on spot, .£23' ss. per ton; New Zealand, fair, on spot, .£22; fair current Manila, 1622 IO3.; Juno-August. shipments—New Zealand, good, fair, .£23 per tonNew Zealand fair, £21 155.; , fair current Manila, JG22. Manila output,- ■ 24,000 bales. The hop market is active and advancing, and the stock is being reduced. Tho crop is verv backward. English best, 80s.; medium 55s • American,'6ss. ;-. ''■ The wool market is quiet, but steady. :' ■~: oMININQ^NEWS.;.: ' r][ • ' AUCKLAND SHAEE MAEKET. (By Tolegraph.-Special Oorrcspondent.) • Auckland, June 28. Now Zealand Insurances sold, at 78s. today. Waihi shares wero bought at £0' 55., and Grand Junctions at 465. 3d., 465., and'4ss. Gd. Maorilands changed hands at Is. 7d., Is Gd' and down-to Is. 3d. Crowns sold at 65., Waio' tahis 3s. 4d., and May Queens 3s. 4d. to 3s. 2«.- , •'■-■■■ v STOCK EXCHANGE. (By Tclograph.— Press Association.) "■',„,' , Dunedin, June 28. Stock Exchange sales:—Golden,Bed, Gs. 9J. • Stanley Pdracale, £1. Sales repofted—New Alpine (contrib.), Bs. 6d.; Golden >fled, 53 c,i . Wcstport. Coal, 7a.; Nationalßank, £5 as.