COMMERCIAL.

Dominion, Volume 2, Issue 550, 3 July 1909, Page 8

COMMERCIAL.

THE SHABBMARKET. A eale of New Zealand Shipping shares at £6 17s 9d. was tho only business recorded yesterday. National Bank shares were in demand at £5 10s. 6d. Wollmeton Investment, buyers lls. Cd.; Wollington Trust and Loan, Bcllera £6 18s (ex div.); Wellington Deposit, sellers Ba. 5d.; National Mortgage, sellers Ad; VeMmg Gai, bnjers -81 Os. 6d ; Wellington Gas, JDIO paid, l»uy«rs £\S Us. 6d.; »ew imuo, bnjers £2 picmium; Soatk Bntiili lasurance, bujors £2 IDs. 6d.; Standard Insurance, buyers £1 2s. 3d., nelfcrs £1 35.; Welhnjton Jl««t Export, £i 12s. 6d. pud, sellers £3 Is.; Tsnpiri Coal,' sellers £1 os. Sd.; Wtitport Coal, buyers £H 75.; Westport-St««kt»n, setters is ; Wolhnfton Woollen, sellers £3 Is ; Kauri Timber, stllors 15s ; Lerland-O'Enen Timber salkra £1 2s. 6d ; Now Zealand Pertland Cement, buyors £2; Taranaki Petroleum, lißTers 55.; Wellington Opera House, sellers £1 18s. THE MINING MARKET. Only a moderates amount of business wae done in the mining market yesterday. At the morninf call, Wailn Consolidated sold on 'Change at 4s. 7d., and the sales reported wereWaihi Grand Junction, <C 2 Ss. 9ri, and Talisman, .£2 13s. 3d. and JC2 13s. At tho afternoon call tho sales reported wero.—Talisman, .£2 12s. 9d.; Saxon, 2s. 7d., and Maonland, lb. 6d., la. 6d. The quotations, with the last recorded sales, wero as under.— Buyers. .Sellers. Sales £b. d. £s. d. Jβ s.' d. Wpihi G'd Junntion 250 259 259 Waihi Consolidated 046 018 047 Waihi 92 6 94 0 - Waitansi - — °i I ~ Watchman 0 110 0 2 0 — Kuraura Caledonian 0 1 S — — NZ. Crown 0 C 0 0 6 i - May Queen ...., 03 6 — — Sawn 0 2 9 0 2 9J 0 2 7 Talisman ..- 212 6 213 0 212 9 New Sylvia 03 3 03 6 - Maonland 015 017 01G Dixon Consolidated 0 011 0 1 0 — Kelt Alpine(los.pd) — 09 0 - Mew Alpine (9s. 3d. paid) - 08 4 - ) Tho directors of the Undaunted Gold Mining Company <ha\e received word from the mine that tho whole paddock has been cleared up, | the total return being lOOoz. i GOLD EXPORTS. I EETUKN FOR JUNE. The following is the return of gold exports from the Dominion during June.— Ounces. '£ Auckland ~ 25,252 101,451 Westport 553 2,117 Greyraonth 7,M9 30,711 Duncdm .' 10.0 SO 40,700 Invercargill 2,536 10,112 1 Totals ~_ 45,381 185,217 Compared with June, 1908, this means a decrease of 10350z.,-valued at ■ The export of/Silver during tho month was 177,2900z. (.£17,758), an increase of 174€0z. as compared with June, 1903. ' NOTES. A land and property "boom" was recently experienced in Egypt on a scale of true Oriental magnificence. A villa residence in Cairo that cost iIiOOO was afterwards sold for ,£SO,OOO, and latdr offered to the original owner for .£15,000. The accumulation of unemployed money in Franco is said to bo unpKoedently large. Eight Ifundrod miles of now telephone Unci in tho province of Alberta, Canada, is the probable estimate of tthat the telephono branch of tho Alberta Public Works Dcpartmont will construct this year. The mileago for last ytar was about 800 miles, but tho demands this jear are greatly in excess of anything the telephone superintendent has known. If all tho demands from the four quarters* Of the pronneo ncre granted, thej* weuld be between 2000 and 2000 miles constructed instead of 800.' The same Government also announces tho fact that it is considering a scheme of/ insurance against unemploj inent, uhitfh, while including trade unionists, would extend its' advantages to the larger circle of unskilled labourers. # '7, is < , ,i Official documents have been published which show that the Standard Oil Trust has an actual paid-up capital, less water, equivalent to j;l3,800,d0O, and that it has distributed .£200,000,000 in dividends in 27 years.

■ Cuetoms revenue collected at Wellington yesterday amounted to ;C3879 Bs.

r;;.;:;^^;*;:.LivE v STdCK SAXES!;-',;;.- - ■';.'.■ and C6.,'JAi., our Feildin % sale 'yesterday, there. : was a .fair, entry> of ehcep. ond.cattle, and prices. advanced all reund. •f.f.m. owes,, in lomb. to'Romney rams, 12s.' 3d.; i and 5-year ewes.'in, lamb to< EomaeyTanis,■■•l2s'...7di;.4:ahd 6-tooth, and f.m. ewes, in.'lamb to'Eom'uey.:rnniß, 13s/'3d.; 4_and/ 6-tooth- ewes, : . milxmh to Ko'mney rams, , 13s.' lid.;.fat , wethers,i:l4s.; M and .forward wethers, 12's. - : sd.';'. ,:; mixed! lambs, .95.; ; empty: ewes,: lOs. lid.; fat heifers, £3 10s;;'-to heifers, 10s;V bullocks; ~£6:i05..-v::r.. v:, 'Messrs. Dalgety:and'Co.,-Ltd., report having held their fortnightly eale at Ekbtflhnna yesterday. Entries came'in up to advertised numbers, but 'did hot sell so' freely' as at:-last sale. Sheep "did■ not,sell too well under: the'■ haTnmer,but.thby erentuflriy'sold the whole yardins at: 'satisfactory 'prices. .' In .cattle, vendors' ideas jof 'values in'mest cases were above'those [of, , wonld-be .purchasers',- ■ but: - the■■ -bulk'' of'. the yarding.Cwas ; i6»ld.;'' Quotationsi-^Two'and 4tooth 'wethers; , up ;to lls. 9d.; mixed:'lambs,, 6s.••■ffd.j "7s. "6d. to.' Bs. '9d.j ewe. lambs,■.;-10s. , 10d.; mixed aged ewes in lamb, 7s. Gd.y Bs. 3d., 9s. 9dJ, llsj 6d.; to Hβ.' 9d. Cattle: Springing, 7s/ to. M 155.; empty. cowb, ; \£2 6s. to '-j£2:l4s.; 2 tor 2^year. ,125.; ,20months' steers, ■' £2 :3s.' \-...;■■; . \ : ; : ":,>"■ ■': :±;:-\ /ThevNeiV'' Zealand.-,-Loan and Agency Co.',: Ltd;, -report.'as-follows:-rAt'Kim-, bolton:! on V.Tuesday, only v a »Bmall entry_came forward; on account of the ■ bad. weather."., Empty; ewes, • ;75. ! - 10d;; : ' small;ilombe,- :'6s.i: 4d.; goodv mixed "weaners; :305.; ■ epringing cows, '■■Jμ,) ,£6lss.MA.t Feilding, on; Friday, a good entry;■ of eheep and cattle, Mt mth.'keen;competitipn,all .sheepieellinguparticuUrly well.-. Wβ quote •.4Sheep:':Cuil ;owae in.lamb, Ss.,m. to 75.; forward ewes,' 9sV Id.; e.m;ewes in lamb, 13s. 7d.to-13s. lid.;.shorn lambs,,9s.: Id. to' 10s. 6d,; woolly lambs, Us. : Cattle: 2J-year'steers, SA 10s. ; 20-month steers, £2 IGb.-; yearling heifers, 19s. Gd. 6d.; small :weaners, 125.,-.-dairy. v cows,-; £5:. 55. to •'i£'6'-':los.;'' : fnt heifers, £5; .'cowe, m milk,, : ss,; : ■springing /heifers;;.•££, 10s.; .forward ' nom, : £iMi- '■"'■''■■■ : " ; : ■ : -'-' ; "■-•■"■-'.'.••..''•■''"';'•'-..,;;■■■> Mr 'Newton "King's 'auction-.report for,:the' •week-ending, July■ 1, 1909,' states Douglas/'-ou weanors. made 285.. ..to, 29s rforward , cows, ss. to:i£3 lls:;,18-months. steers,,^:los.;-2 to 25-year,'steers, £3. -Ss.' .to; £3 Bs.; -lambs,■■■Bs; y '.3d.' to .Bs.'lld.;.cuH lambs, ■4s. v Gd: -At iStratford,/on.Tnc»«J«y,.cattle, came ■forward tagbod/numbers.-/Biddtag:. was, brisk,; nearly eyerjthtßK .being : 6old at. the. hammer.■ jFat- and > forward : cows w«re in ; go»d demand ' and'sold:, at- increased rates.' : .I.qupte as', f ol-lowsi-Weaners;. 15«.. tp-J 295.;'. empty, "heifers,, 'wß2=2s.'. to Jos.'; heifers, in : calf, .£3 17s.■ Gd. : to ■ £i 65.-;' heifers,/ small,: £2 i-13s:: to £2 18s. Gd.;/springing -12s. 6d.'to £5 10s.; store cows; £2 2s. 6d! to £3 Is.; forward cow's,' . £3 ss,< to £i Os..'Gd.; fat- cows,. M .6a. 1 to £S 135.; 18' to 20-months/steers,. ;£2.135.. t0..X2 18s.;■ 2J-year'-eteer's*,■ £3- 10s. 6d.;' 3-year steers, good: condition, .£5; bulls.'iCl 6s. to dC3 195.; pedigree Jersey bull, '.£ll.i.'Oii-. Wednesdaj-,-Iheld a clear-' ■ing sale ney. The cows were/a nice"lot,'bnf_in..poor condition.vand-under the.circumstances realised good'prices.i Early calvcrs'mado' £6 to £8 5a.; late: calvere, £3 55./,toViSs 10s:;/.doubtfui: and empty, , .£2-to £2 10s.; breeding bows,.JSl lls. to 'JtS y 6i.i : - furniture 'and eundries sold;well.' .y- ; '- ; -v, : '.,.;.- .'■//.;/': '}.;:?■? ■ v :';■>,.

:: : EEPOET; •' r The New' Zealand 'Farmers' : Co-operative Dis-, tributing : :Company, Ltd.; report, as follows:— M*ize, ds.'9(l;i wheat, whelo i'ewl, 4s.'9d.;:barley, ■'Cape eeed, :3s: ■ 3d. •••.-barley,''-feed-v3s. -per ■liushelj.-.ba'rlcy,- meal;.^£G,-.p«r'-..tori; oats, 2s. 3d. te"2s. 4d'.-;i.oats,' sted; .spsrrpvbills, \: eartons,. duns,- algeriaiis/ 2». 8d..; oats, crushed, -2s. 7d. per"bushel; horso' btans,.4e. Gd. per' buskel, eartridso '/peas, 4s. 6d.;' prussian' blue. peas,' ss. 3d.''per.i Vuthel; hay, :primi; v , £3 :10s. '.to >E4 nor ton;'-straw, wheaten X2.-Ds., oaten,->£2.2s. 6d perton; : bfan, 1 /-jes Bs.; pollard,' £G ss.;sucr.q--■sine/'2oo's • £1; lOO's £7: ss. per ton; linseed oil cake (geauine),' J2l3'per ton; prime oaten sheaf ohaff,-'dß3..Bs.V:to v £3 ,10s. per Ion; potatoes, 15s, to /Xs;' selected Canterbury . Up-to-date seeds'•Xβ 10s/per .ton; onions, iES. per!.ton; butter, separator 9jd. to lOd., dairy 9d. per lb ''eess fresh Is. Sd. per dozen (g»od. demand), preserved.'is. 3d,,per dozenj honey." G0'5...45d.,14V42d:; beeswax,-Is. 6d.; fungus, 4id..;,wal-, nuts 'Hi.'' ■■por- :; :'lb.jr."-'-cheese', .-best factory, mediums; ssd; to s|d:; bacon,:factory, sidesi Bd.; rolls/9d,, 'hams; Bid. per lb.r porkers/ 70 s .to. 00's'43d. to 5d., 90's:t» '100's 4!d.;.baconersi 4d. toUjd.; heavy pigs, 3d.' to 3}d. per lb.; cabr ba»e 2s. 6dii'parsnips, 25.;-carrots, table, 25.; horse'-carrots, 2s. 9d. .per. sack; .-.marrows.-,. Iβ. 6d •cauliflowers, 75.; pumpkins, fe.'.por sack; swedes. 205,; per. ton; apples,; dessert, 9a. par. .casbX-Milfis, coolers, la. M ... to 6a. aer

case; pears, dessert, lis. Gd.; pears, cookers, 10s. per case. Poultry—Table roosters, 4s. Cd.; cockerels, is. Gd. to ss. Cd.; table hens,-45.; ducks, 6s. to 75.; geeso, 6s. Gd. to 7s.—all atper pair; turkey gobblers 10d.,'liens Aid. per lb. .':-'■'; .GRAIN iND PEODtfCE. (By Telegraph.—Press Association.): ■■'■'.'■' ■ . Christchurch, July 2. "■ There is a good local inquiry for both wheat and-oats.for shipment :this month by: direct steamers, 'but farmers are still refraining from selling. The oniy sales reported are of 3000 bushels:ortuscan at is. 1.d.,.-MO oushelVof gartons at ..Is. Gfd., and 2000 bushols at Is. 5Jd. at country stations., .'•■•■■ ~ „ , , ~ ■■. Table potatoes are; still, dull of sale, but inquiry is now being made for seed. .. There is no demand for chaff except for local trodd'requirements. ' . ; ; : BANK, OP ENGLAND RETURN. (By • .Telegraph.—Press Association— Copyright.) ■:S\''j / : -': : (Reo/JulyJ, 8.50 p.m.)' .■■"''■;"•. '■'".'-■• .' •'■'-". London, July 1. . The Pan'- of England return issued for the week. ending Wednesday, June ■ 30, is as under:— V: . '"'issDß Drpahtiesk-. Note iEStI- .» i-8.0-I.GCO Gov. 6o'curit!cGfll,ols.Mo ■ Othor securi- 7 ~ ■.•:'-.- '■•''/■ ties .... . 7.43..00- ~'■;•"....; QoW ••• 89,675.000. . '•'■' ■ ißss.csa.sob ..-. : .£sß.on.ax>- . B_H_ma Dr.pAJtncr.K-. ; rroprletors :- : r. ■' v- Goyi. s--_ri- :> i.„._' capital &USS3SXO ties M ..._ JaS&SMB - rnbliede-: .. Other secur. . . posits ...'■.. 1-,3_,CCO r ties ... _3.81-.000 . ■:■■ posits"""... : 68.191,000 Kotos ' : _ 87.811.000 ' Rest, May - .; :',„. m , 'and other Coin «. 1.50-.-M , .bills >... S,ISi,COO • _____ :■'" ;■:'-••■'"'■'/• :.-.'f38._3,000 : : -.'';■.'■:;:■ - dE88.493.0(«; -V The leading itoniß of the' Bank; ef England return afford thofollowini comparison. :-r- . •M "i ■'•'■'-'•: ■ ■:■■■'':■ ;. This week. Last week. .Last year - '-■■'.;.. i-: , ■ £' ■•• ■ .■■■£ ;._ i :>. : B_Uio_"„. : "'"■ ... 39,673,000' J.: SMSb.OOO.' 87,031.000 ; !."BS*tTC." ■'•" .•.■'WJI3.OCO ~ 29,931.000 . 57.08J.000 ' ,'KotC circulation 30.-IC.CO- . 2J.7W.0M - -I'ablic Deposits •1_.83_.C0J..", --.-0,0-0 : ■O.MS.M .■Other Deposits 68,404.000 «,6U',000- 61.107,000 i .'•' Proportion ol ... '■ :, -■ '.i-zesorre',' to ■'•. ■: V . .... li-biliti.s ... iUO ■'■. : £1.30. --•«.' / v 'yGOVBRNMBNT'SECORtTIES. •'.' '"■' '"__».'following are the latest quotations for Government securities,, with a. comparison-'of. those ruling last week:— > .•■

' THE* MONEY MARKET. Tho Bank of England dieconnt rate is 21 por cent., to which it was leduccd on April 1. Short loans are quoted in London at J higher 11 Three months' bill* in London, S-1G lower at 1} per cent., in raris at lj per cent., and in Berlin at 2J per cent.

' ' > -Variations^ „j„ i compared ..■/■,.-, . , Mc8 ,. ! .with v.- / .'■•■:■.■ v. ■', -.'■ ■;■--.• ■ last week. • ,.-■:..■..:;- .•■■;■: - - ' ' . £ B. d. ■ ■" "..... . 21%' Imperial Consols,.. ..." 61 3 8 .:. Is 3d. lower H VN.B.'W,1933Ian.-Ja!y.--... luii 0,0. Unchanged ■it-. N.B.\T.1018Mar-Sep* '•... 99 0 0 Unchanged 3 N.B.V.KBSApl.-Oct. .... B8 0 0- ' Unchanged 4 -'Vic.'lK6Jan.-July... ... 102 I) 0 , Unchanjed Si" Vic.lNl-SJan.-JuIy- ... Sj7 12 • d .7s.Cs/lowor bI -VicltaMS i)an.-July •:.... 8S 7:6 : PaM.'lower 't{''s.A.lM6Jan.-July, , .'.; .':BS12 6 26.6d.highor, 3 .,'B.Avl9l5Jau.-Jaly .' ... 84 60.. v.Ds.lower <4':,.QTai0ib-24Jan.-July -:'...' 103 10 0,! Unchanged iJ i 'vQ'l''dl83W0Jan.-July. ... CO 10 0'-' .Unchanged ii ■ .''QTdlsiC-fMan. July. '•.„ ■ sj 10 .0 - Unchanged '■i ;.,K.Z. ItWMay-Koy.: ... 10?»0 \ 0 Unchanged 3* ..K.Z.lWoJan.-Juiy ... .03 .0 0 Unchanged 3, ,K.il.l«8 AurltOct.. , „ 67 10 .0 Wnchaniod 64 „"W.A'.lK<MOMay-NoY '„. 93 10 0 Unehansed 3 ..Vi.A.lSlMSiW-Nov ... 8710 0 Unchanged ' 31 „ Tm. 18i0Jan.-July ... 88 10 0 Unchanged B ... MOO .Unchanged