FINANCE AND COMMERCE.

Dominion, Volume 2, Issue 555, 9 July 1909, Page 10

FINANCE AND COMMERCE.

THE SHARE, MARKET; << ' Investments were again' dull 'yesterday. o 1 - sale of Sharland's at £\ ™'sll the busines recorded. Bank of New' Zealand, buyers, X 1 Is.; National Bank, buyers .£5 11s, seller* £1 135.; National Insurance, bujers .£1 Bs. 6d. Standard Insurance, buyers £1 2e. 9d.; .W«l ilington Investment, buyers lls. 6d'., sellers 12s. ' 'Wellington Trnst and. lo&n, buyer 3£Z Iβ:. 6dv sellers .£6 18fe.; Chnstehurch Gee, buyers .£! ~ Is.; Feilding Gas, buyers Os. 6d.; lleat Ex port, third issue,■sellers',£3 ls.j Tanpiri Coal sellers .£1 03. 9d.; WestpoTt-Stoekton Coil sellers 65.; leyland-O'Brien Timber, sellers £] 2s. 6d.; New Zealand Portland',Cement, buyers £2 Is.; Sharland's ordinary and preference, buyers 19s. 6d. „ • THE;NINING MARKET., At the morning 'call two sales of'Maoriland at IOJd. and one' of Consolidated 'Goldfields at 18e. 3d. wsre mado ~on 'Change, while the sales reported were:—Kurannij ,, Caledonian, 2s. 5d.; Hay Queen, is., and Consolidated Goldfields, His. 3d. In the afternoon sales of May i Queen tit ss. 3d., Kuranui Caledonian at; 2s. lid., and Consolidated Goldfiolds .at 18s. 3d. wero mnde on 'Change, and sales of May Queen at 4s. IOJd. and 55., Saxon at 3s. 4d., Talisman at £2 Us. 9d., and Waiotahi at 83. 6d. and Bs. 9d.' were reported. The directors of the Now B"ig Eiver ■ Company have declared the fourteenth dividend of Is. per share payable to-day. The quotations, with the latest recorded sales, were as under:— Buyers. Sellers. Sales. ' £s. d. £s. d. £b. d. Waihi Q'd Junction 2 5 6 2 6 3 —' 1 • "Waihi 9-3 6 - - , Waiotahi 083 089 089 Waihi Consolidated 0 4 6 0 4 8 — Waitangi — '0 3 8 — Karangahake 0 15 0 16 — Komata Reefs — 0 0 8 — Kuranui Caledonian 0 211 0 3 0 — May Qaeen 053 056 053 Saxon 03 4J036 034 Tairua Broken Hilk — 0 2 2 — Talisman 211 6 213 3 211 9 New Sylvia 0 3 10 3 2 — Slaoriknd 0 011 Obi 00 10J' Tangiaro — 00 5J — Con. Goldfieldsi '0 18 0 018 6 018 3 Now Big Kiver 214 0 '—, — New Alpine (10s. ..Paid) - 08 3 - - New Alpine (9s. 3d. paid) .....' ~ - 0 8 0 - NORWICH UNION LIFE INSURANCE. The report of the Norwich Union Life Insurance Society for 1908, states that in the ordinary life department 9366 policies ivere issued, assuring .£1,982,451, aud carrying new premiums of .£229,035. In addition, the society received .612,685 as premiums for leasehold and capital redemption insurances completed during the year. Tho income for the year was -61,573,600, . wflilo the outgoings (including a provision for every outstanding claim) amounted to ,£892,015. The difference ,£681,590, constitutes the increase in the funds, whioh at the close- of the year amounted to .£8,126,001, and which, with the Scottish Imperial fund, .£697,302, brings the total funds up to .08,823,303. The interest, dividends, «tc, amounted to .£322,188, and the net Teturn on the mean fpnds, including all „ . unproductive assets, was £i 4s. 6d._per cent, after deduction of income tax. The total claims for tho year amounted to .£377,663 by death (including bonuses) and £12,243 by surnvance, tho former amount being .£90,537 less than was expected according to the usual mor- ' , tality: investigation. ■ Customs revenue collected at Wellington yesterday amounted to .£2352 6s. 10d. •SOUTH CANTERBURY MARKET REPORT. Messrs. G. S. Meredith, and Co., Waimate, report South Canterbury' grain and produce prices for the week ending July 6 as follow:— Wheat: The inquiry during the past week has been very good, and as indicated m our last report it has had the effect of hardening tho market, and we expect to see a further firming shortly. Values, to-day are 4s. (2d. on trucks, country stations, for velvet,' 4s. Id. for tuscan, with very few sellers. Good whole fowlwheat is in'strong demand at 33.'lid. to 4s. f.o.b.s.i. Good clean broken seconds 3s. 3d. on trucks. Oats: Tho demand has improved during the past'week, and values,aro:—Gartons Is. 7d, duns Is. 6d., and Danish Is. 5d., all on tracks, ■ conutry stations; sacks sjd. Chaff: Owing to tho continued wet weather very little is doing in chaff. It will be somo timo before the machines are able to move on to the ground, and, as very little is going forward, there is a very good inquiry. Prime bright oatsheaf chaff is Belling at £1 2s. 6d. on trucks, country stations. , Potatoes: Tho market is a little'easier, owing, no doubt, to the largo quantities being sent forward. A great many of the potatoes that are now on land will require t6 be picked over before - marketing. Freshly-picked samples of prime Up-to-Dates aro worth .£3 7s. 6d. to £1 10s. on trucks. Diseased and inferior lots are hard to quit.; Seed lines, such as Up-to-Dates", British Queens, Princess Victorias, and Early Puritans, are in good demand, and ready sale is mado of any good locs Tvhich are offering. Straw: Baled wheaten, 225. 6d.; baled oaten, 275. Gd., on trucks, country stations, HIDES MARKET. (By Telcgraph.—Proaa Amoclatlon.—OopyrlzUt.l . (Rec, July 8, 11.40 p.m.) Melbourne, July 8. In the hides market business was dull, and prices were fully one-eigkth lower, except for stouts. • TALLOW AUCTIONS. (By Tolcgrapn.-Preae AjsooiaUon.-Oopyrieht.) London, July 7. At the tallow sales 1870 casks wero offered end 753 sold. Low medium sorts advanced 6d. per cwt.

PRICES OF METALS. (By Telegraph.—Press ABSocfatlon.-CopyrlghU (Ree. July 8, 11.20 p.m.) -j i London, July 8. ; Copper.'-On 'the spot, .£SB Gs. 3d.; threo months;' J&i) 25.'8(1.; electrolytic, .£6O por ton. Tin.—On the spot, \£l3l Bs.; three months, .£132 15s.' per ton- » 175 , . 6d. AUSTRALIAN PEODUCE. .(By Telegraph.—Press Association.—Gopyrlght.l (Eeo. July' 8, 11.40 p.m.) Sydney, July 8. Wheat, sg. id.. Hour, .£l2 103. Oats, Tasmanian white, 2s. 7d.; New Zealand white, 2s. Bd. to 2s.' 9d.; Algerian seed, 2s. 6d. to 2s. 7d.; feeding, 2s 3a. to 2s. sd. Barley, Cape, 3s. -to • 3s. 3d. Maize, prime, 4s. 2d. Bran'aud pollard, £1 15s. Potatoes, Tasmanian darkskins, .£3; rod, .£O. Onions, New Zealand, ~£6 155.-; Victorians, £!' 10s. Butter? prime, 1223. to 1245. Cheese, 7d. to 7Jd. Bacon; fid. ' ■ Melbourne, July 8. , Wheat, ss. Flour, £11 10s. Oats, heavy feeding, \s. 10d. to Is. lid.; Algerian milling," Is. lljd. Barloy, EDglish, good,, 3s. 9d. Maizo, is. Id. Bran, lid. Pollard, Is. Id. Potatoes, 15s. ,to is. lOd. Onions, £5 10s. to £6. ' Adelaide, July 8. Wheat, ss. Flour, jEll. Oats,' Algerian, Is. Jld.'to 2s. "Barloy, Cape, 2s. 3d. toc;2s. id. Bran, lljd.' Pollard, Iβ. Id. LONDON WOOL SALES. j A GOOD DEMAND AND PEICES WELL MAINTAINED. (By. Telegraph,—Press Association.-Copyrlght.) ./ : ' London, July .7. At the wool sales to-day'there was a good demand; ' Opening rates were fully maintained. There was spirited competition for good wools, but shabbier r sorts ucro rather "slow of sale. v -~—~^~ . THAT " RUBBISHY SELECTION." (By TelcEraph.-Prcss Association.) Auckland, July 8. On inquiries'being made amongst the Auckland woolbrokers to-day, it was ascertained that the.latest cable 3 in regard to the London wool sales had not aroused very great surprise. The present \sales came at ! the tail-end Of the season, , and all the best ishipments: had previously passed tinder the hammer. Hence the statement, in' cables published.; this morning that "a rubbishy selection was' offered", ia not likely to be-taken vorymuch to heart by New,, Zealand and Australian growers..' Both in the.:'C6mmqnwealth aiid the Dominion a vast proportion "of the,'wool is sold''locally, and hose growers who send Home direct to the London markets have disposed, of '• their best ■lots/much; earlier.in : 'the season. . ■.'-'. ....•..•.. ' EABBITSKIN TRADE. ; - .... ; ~.". (By ; .Tolesraph;-Presa .''. : : Dunedih, July. 8. The robbitskin market is very active just now. ,ilen employed up-country in; destroying "bunn/' by, poisoned grain are being paid'2ss. a week and found,'with a bonus of 255. per 100 forr.all,;Bklns",broijght\to the station.- ~ ■,--.- < .: CQAL AND TIMBEE OUTPUT AT ' •■ . '■■■~. i , <.. ■■. --;y- WESTPOET. ■-■■'..': "- : . ■;.-\ (By •.'Telegraph.— PrijM Association.) ■■■'■'■ Westport, July 8. The Westport Coal Company's output of coal for June was 56,380 tons 8 cwt.,-and the exports 54,18J,t0n5;0 cwt. 'The.State Coal Mines output, was;y33S9.;i:enß , 3cwt.',v and the eiports 3219 toQS'lSen-tr'-'The briquettes and eggetfces output was''l3o2'i-'tbn's Bcwt., and the exports .1299 tons 9cwt. ; :T.h 9 Westport-Stoekten Coal jCompanys-output was 6793 tons llcwt., and ex.ports 6C49 : tons, Jicwi; The total "output was ,67,835 tons 13cw.t.;,-and-the exports 65,353 tons ;7cwt... Of this' amount, 1701 tons were shipped ;o .foreign..porb.rjThVexport' of ;tinjber ,was j(i1,836 superficial.>f«ei.-.. :,For : the, half-yearly period 'ending June : :3o the output from" the ._coal: mines*showed; an increase of 13996-./ ions ilOcwit. ■ over,.;the;;Jßdrrosponding period of'last ;rar;:and-this in face, of the-fact of ;theMilerton minei fire;- The Denniston mine production'fwas:. 30,000.-tons in, excess of-that mine's output for the first half of' last year. "The igurcs for, the two periods . are:—Westnort Coal Company, 307,631 tons and 265,827 tons 7cwt.;.Seddonv!lle State Colliery, 26,393 tons Bcwt. • and - 33,058 tons 17cwt.; Westport-Stock-,on. Company, ml and 39,605 tons 3cwt; .Totals 3M,021;;.t0ns Bcwt.,: and • 337,031 • tons 7cwt. : ■. ■

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