COMMERCIAL.

Dominion, Volume 2, Issue 558, 13 July 1909, Page 8

COMMERCIAL.

THE SHAKE MARKET.. , : ' ■ A sale of Sharland'a ordinary' at' 2ls. was ill the bu&incss recorded yesteiday. Tho market continues quiot, and tho quotations were estrioted. Bank of New Zealand, buyers £9' s. e<l, sellers .£9 45.; Naliouali.Bank, buyers KS 11s., ecllcis X 5 13s, own dmdoud; Notional nsuranco, buyers £1 &s. 3d.; Standard lneurince, buysis £1 3s ; Wellington Investment, luyors Us. Gd., sellers 125.; Lomv and, Mei>, antilo, sellers 4; Teilding Gas, buyers £1 Us. (1 ; Wellington Meat Import, third issue, ellors £$ Is.; Now Zealand Shipping, buyers EG 17s. 6d.; Wellnrton Woollen, .ojdinary, myers £2 IDs. Gd.; Loyland-O'Brion Timber, dler3 JCI 2s. 6d.; New Zealand ,-Portland 'emont, bujers £2 2°;.; Wellington ■" Opera louse, bujers X 7 Us., sellers .€7 :175.'6d.; Vhitcombe and Tombs, bujeis ,£4-<.55.; Sharand'e oidinarj, bujers £1 Is, sellers £1 2s.'■ ———- :,4 ':i'-.- t _' ': - : THE MINING MARKET. ;-. : Only a moderate business was done yesterday, dozen ealeb bom? legistercd. At all tho sales made on 'Change .wei'6 ated Goldfields, 18s. 3d.; Wniqjahi,:l9s;;Vandtow Sylvia, 33. 7d., and the transactions; rqoi ted weio- May Queen, 4s. s sd, Bs. 6d.; New Alpmo (9s.3d:'l)aid), isj.ht he afternoon call Dominion Goldraming hares sold on 'Change at GJd., and tho sales oported wcio: Kuranui Caledonian, 2s. ZU.j axon, 3s, 2Jd ; Wailu Consolidated, '4s. Bd.; nd Now Alpine (9s. 3d. paid), 7s. ,3d. Tho notations, ivith the last eales, were as Buyers. Sellers. Sales. £ b d. £ s. d. £ 6. d. 'on! Goldfields 0 18 0 - 0 18 ;3 — " 1 5 "T ' [uianui Caledonian 022 024 0> 2' 2 I.Z. Ciown 0 G 1 0 G 3 - lay Queen..: .'. 0 4 10 0 411 0 I'lO hxon Consolidated 0 1 2} 0 1 4 - )ominion 0 0 6 - 0 0 GJ Jew Alpine (os. 3d. ' paid) - - • 0 7 3 Jew Big River — 2 15 0 — Jew Syrvia- 0 3 C 0 3 7 0 3 7 laonland ..i 0 0 9 0 10 - lountain King 017019 — axon .. V JU3 2 0 3 4 0 3 81 'airua Broken Hills'-0-2 1 — — •alisman —2-14 3 2 14 9 - VnihiG'd Junction 9 2 7 6 - Vaihi /. STS G 9 4 0 - Vaiotahi 088 089 090 Vailu Consolidated 040 049J048. Viiitangi 0 3 11 0 4 2 - Yatchinan 0 1 11 0 2 1 - Copy o£ telegram recoiled I by the Weill ngon Stock Exchange from the Now Alpino Gold liming,Co, dated July 12;—New'Alpine:,960 ous crnshed; 'battery," 2780z. cyanide, concorratcs*llsoz.; estimated value, .£1500.' WOOL EXPORTS. .' During the first half of the year there was a 'onsiderablo increase in tho volume of wool sported, and, singularly enougli, the increase •ras registered in the months of March, April, ind May. The monthly exports comparo as' mder: — , 1909. ■ 1908. lb, - lb. Fanuary - 30,692,962 29,821,081 ?obrnary ' 37,728,449 '* 40,192,537 jarch 39,404,662 20,682,750 Vpril - 14,&17,254 9,5-13,475 „ 17,820,720 11,474,007 rune :.... »••• 6,832,795 7,720,990 - "* ' 146,626,842 '119,434,843 rhere is a gain of 27,181;9991b., equal,, to over !s,per'cent., and it is obvious that a good deal jf'wool Has delayed in shipment, possibly with ,he view of catching tho May and July London sales. t ' ;. ."' When wo come to values, we obtain tho Eollowing figures:— - ■ 1909. 1908. ■ ' ' £ ' ' £ '' ' January ... 908,299 ' ' 1,136,844 February ... 1,152,&1G 1,463,789 March • ... 1,2-10,688 689,251 , April ... 478,670 3.19,751' May ...' 623,779 376,579 ' June ... 252,912 262,541 ■4,663,121' 4,268,761 ' Ihe increase in valno amounts to only £394,363, or slightly more than 9 por cent. The total of ,£4,663,12-1 is over 36 per cent, of the aggregate of tho exports, consequently a riso or fall in the value of wool is of considerable importance to Now Zealand. FROZEN MEAT. Tho Smithfield Market quotations published yesterday record a further decline in jpractically all grades of frozen mutton and lamb, but, nptwithstandmg, the exports have been on an extensive scale The shipments of mutton show' an increase for the half-year of 387,877,.carcasses, ,as under — . v :V■ i ■:£;: •.•.'; V: y ':'!:% ' , 1308' ' [ ' l ( s':°.-- : ';..' .'h,: : y :. : S. : •■:CareaSses;;V.'T Carcasses. ' 'V.,- ; '138;S08- ■■•■■■ • : '90,687 ■'■■■'■'■■'■VAtraary , ' X.;:2&s,M■'<:■ :- ;v .:135,Wl '-[ '.-. MardhV.-.'v•"•;:■. ■■230,771 /t . I'. ■-,'\''-241,207 " :r . :: 'April'•■■' .... 267,721. '■■: : ":'' 157.93G ;.;.'^ ; -293,946, :'. ; -;i25,965 ■'Jnne i; V,;. : V';:i.;;l26,2s7 ! :•••:,;,; 150,031 ■'v;y ;: ':';i-'."'.■■;'o .1,289,254 ,■ ■ :y.'wi#n\ y: ■But theVeiport ■ bf lamb : was ■ even: greater', forv the-half-year•.exhibits':.an-increase .of 671,612 carcasses.':;- ■'■ The .'exports '.;. in: : the. past. -three. inbhths » aggregated ' 1,724,468 ir carcasses, as: against •■ 1;214;397,. in thejlcorresponding; three imohths of 1908;■ '.The monthly.' shipments ! pare 'as under 'v-r ' ','"■,: :■'■'"■■ .'.:-■'■'?.''-..'. ■'•' -', ■:„.:,■■:■-■:■■■y : -- vi9O9; ; .V;, r'.-w v'lMs/: \ ■;.: ■'•■ ''r"".' ;: ;..'-"^'-'-' , ..Careasscs. : . ; ~l-.- (Carcasses. ■:■.■■' i' ; ; ; ■ January''Ai..-' 232,444 '■''•:.- 139,273 . ■■'■'■' -February . ...■ 348,836. ' ■ . i v 321,04- . •':■ ■/March , • ... ■ 359,505 : ; • 318,924 '-.: ; ''Apiil, . ... '532,235"v ; --430,969 ," /-. ■■- May^'r-'i:. ; :683,944i :.-;,: ; 420,501 .;,. ■-■ 'rV; ' Jane VvJ ; Y;.;'. 588.259'. ■ :• ■;■', .: p,927 ;•;'.:.-; ;. : ; ; ,; : : ;--;;yy:[c ■'■;: ■■''" 2,666,253.' ;::-:: 1,993,611 ■' . : - Tho exports of • mutton and lamb \ together totalled;3,9s4,so7.!'carcasses, as, against 2,895,018 carcasses:for "the first'ha.lf,of'last- year, ehow-..' 'ing , an increase.ofi I,os9,4B9:carcasses;, :-......... ■■V .'■''. ■■' "': : THE FIBRE -MARKET. v ..;■"■ ' -. • The exp6rtß<bf-.the New Zealand.hemp.during the first eix:_months,of jyar/and the output during.tho corresponding'; months 'of. last 'year, -ftMfe , asifollowi-pi: i./U. v ; : ' /7 ; - . ' .'■• '-\:''.'..'} {: r 1909.''.-'.,'-.' •■ : -,,--.-i9oß!v '/■: '.-■-■.'•■■■■' ■ -..' Tons. yolue. Tons. ' Value! January'...... 1211 .". 2416 .£62,416 Febrnary ...:. 947 ',' £W&6 , -2478 . Marcli t..;:~'. '1212 / -- :i712 . JE42.042 April :.'_:.■.:».■ 1166 v,,1520 .X .£34,222; May '. : .i...-.' ; 15i2' v - ■ 20G8, . JE44,801 .JuM : :\;..: : JiV.;.>73/, ; rJ831i087.';-v1059...'.-..-JE37,035 ' ' Total,-six" :':'■ ■" ; '..-■• '. ■■ ' •;'■-■■ ■ '//.months • 7751 : ;.£160,092/. 11,853,-' .^279,437. : Commenting on the'state of the-fibre market, Jlessre.■ Stanfon.'.'Hill, and Co., under date• of : May 22, reported vith regard to Manila hemp that'*an.".twtivo.'TJTisiHess had taken place, .bu the - continued'doMSVard trend. of"prices could not be viewed with any satisfaction, except by rllators for. the fall; ■ For some months past. large "bear ,, accounts open'- had merely acted, as a drag; so that what would have been in ah ordinary, unsupported: market, a "col-. lapse," :had'-been' softened- dow-n' into a' ''decl&e.,' 1 ' ThP-'process looked likely' to continue so''long .as" , receipts'' kept tooi;heavy.for . the trade requirements; For the first' four months of the present year the world's deliveries had exceeded the receipts by 9000 bales. •Home deliveries for ..the first four months had: shown ' ah'lncMaiPofJoVgf'OOOO tons as compared with last' year,..but 6500' tons - of, r pth.ef: fibres .had been displace'd. at the expense of .Manila, so the result was not- particularly satisfactory to dealers. Estimated stoefcs at Manila-on May 1 had stood:'at 188,000 bales, as againet 147,00 bales at'the. beginning-of the year.' l American figures to-date.made a good.showings. :■ f .This ; peek's prices of'hemp/in; Britain are: as 'follow:—New''Zealand' good fair, on spot, £23, 105.' '.-', per.ton;.New Zealand, fair, on 'spot, '£22 10s.; fair; current Manila, on spot, i 23; New Zealand good fair, July-August, .£23; fair current - Maiiila,; X 22 10s. .The. Manila output in the -last 'four weeks has: been as follows: — Week ended Juno -19; 28,000 bales;, Juno 26, 24,000 bales; July: 3, 28,000 bales; July., li, 25,000,ba1e5; — ; ;-.'..;. .-.■'■''<.■ .■;■■;"■ ; . -;.:'■; ■.•.'.■.":/■■■■'.LONIJON' MAREETS, V-. /' , : The New ; Zealand Loan :and --Mercantile' Agenoy Co., Ltd., have received tho following cablegram from their London house:—"London wool- sales: Since the opening of the sales on July 6 prices, as compared with previous sales closing rates, are '■. about 5 ■ per' cent, jower for merino scoured, greasy merino,'medium, and coarse greasy Cressbred; faulty descriptions, about .5 per. cent, to 7i per cent, .lower forcrossb'red slipe,-.and abont .5 per cent.. to ' 7J per cent, higher-for greasy merino, inferior, and coarse -and', medium scoured crossbreds; Market '.steady - at the decline. Frozeiv meat: ■ Thoro is a moderate demand for frozen 1 mutton at lower' prices.'.-.'The "market for lamb is glutted, with-prices falling. There is less inquiry,and a .weaker market for boot (sides)."

HIGH COMMISSIONER'S CABLE. The Department of Industries and .Com- ■ merce hns received ; the following cable from' the High , Commissioner, , dated London ,' July 11:—' ■ ■.", •:.' •.'"."• : - ! j; ,7;" .:••''.. •'•,■,■■ ' , Tho mutton market is very dull. The supply exceeds tho demand, and stock is accumulating. The situation 1 is alarming. Canterbury .aro quoted at 2Jd. per) lb., and North Island at' 2id. per. lb. ' ''■'■:.':'■...-,-" . ■' . ' " Tho lamb market is, very' unsettled, \ and there.is , a dull.'salo for heavy carcasses "of lamb. ' Stocks of lamb on hand aro .-Iheavy;. and are widely distributed amongst agents, who are push'ing sales. The weather'lately, has .been • very unfavourable to the sale of lamb ,and stock is accumulating. Canterbury lamb is, quoted at 3Jd. per lb. aud North Island at 3Jd. per lb. . i: :. The ; bcef'. market is firm; and thero is' a'.botter demand for beef. New Zealand hinds aro quoted at 4ld. per lb. and fores at .3d. per lb. ■ ' • ■; * - '' - - ...Tho Butter market, is "steady, ' oml.-'holders are. firm. . Choibest New' Zealand is quoted at IOGs. per. cwt; Danish, at 112s. per-cwt.; and Siberian, at' 102s. per cwt. ■. '■ A question is to be asked"-: in Parliament concerning the excessive moisture in Now .Zealand,butter. ■■ The chceso market is firmer. New Zealand is quoted .at 60s. per cwt.j and Canadian at 58s. per' cwt. ■•'■■ . .-" '■ : . ,; ,l - ,' ■ "The hemp , market is steady, and'holders aro firm, but there is little demand. - New Zealand' good ' fair, on spot, is quoted at; .£23 10s.' per ton; New Zealand fair grade,..on spot,; 10s. per ton; fair current Manila,, on spot, £23; July-August .shipments'. Now,. Zealaud good' fair,; i£23; New Zealand,!fair grade i! 25; arid fair current Manila, ,10s. The Manila-ontpuf'is. 25,000- bales. ' "-..,'..-■>;, : 1 The cocksfoot market is very dull. ■■■■ v - The gum market is quiot., Ordinary,to fair, three-quarter scraped is quoted; at 1655.';. fair hslf-'scraped, 1055.; .brown -fair, half -..to.three-, quarter" scraped;-90s.;'"'brown'.pickings,, com-: 'mon good, 40s.;:bush, fair to good, ,palo'and; amber, scraped, 1405.\7 ,l ..'-'. ■'■'■. '\:^ : \\'.~- •■ The wool market is firm, but there-arevno signs;pf oxcitoment.■'.: -There-is; a general, and active demand ;at opehing;;rates...'/".;/. : '-■■'■:■■•■ i^ ''Customs 'revenue collected at Wellington yes'terday amounted'to..£lß66 145.. 2d. ,r.' : -.; ■' '-, %:j ;x-.,' ,live.stqck:;;sALEs., : r ;;\*'. .'--■ Messrs. Freemari E. ; Jackson and'CoVs;stock' report for, the week is as, follows;— On". Jnly, 7i; af'Wanganui-sale, wo •had:a;gobd.yardihg'!o.f 4300 sheop, '280: cattle/ and 55 pigs.' Owing,to. the bad weather two small- lines, of. sheep ad-, vertised- did : not come forward. . However, we' had a good attendance of buyers,: and was 'brisk. , /.'All- lines of, sheep;, offered, wero sold.at the auction, with.the exception of one: line ofi wethers, a good offer, of-.125.' Gd. being, refused by the vendor for same. Cattle, maintained late values, and,nearly, all yarded sold during* ttie day.':: 'A nice--.line-3, to- 3J-year shorthorn bullocks ,made, from' £6 to v£6 ,10s.: Pigs sold in vendors' favour.' On June 9 : ■,we had "a sale' at; Wavorley, and. yarded/1900 'sheep and 130.head' cattle.' The day- was,verySetj and ..the attendance,was not bo.large as; i'usual. , 'However; bidding was keen.throughout, arid ; all the sheep sold at good prices. The bulkof the: cattlo were, sold, and'made .full values. Wo quote:—At.Wangahui!—Good mixed lambs, 9s. 7d. to 10s. 6d'.; good ewe lambs; 1 .lls: Id.;' good lambs, Bs. .5d., Bs. 6d.i .Bs.. Bd.,- Bs.'rlOd. to 9s.- 3d.; medium lambi; 3s. 3d.', 3s. 10d. to ■53.;' 2-tooth wethers, lls. Gd. to,l2s.;,.mixed aged wethers,- i2s. Id.;' good, forward ..wetherfl/ ,14s. 2d.; good 6-tooth'to f.m. breeding, ewes in lamb, 12s. 7d., to 13s: 9d.; good ;4' and-6-tooth .ewes: in.lamb; 15s; 8d;; f.m; ewgs in.lamb,■ 103. Gd; to 10s: 9d.;medium d6;,'65.;1d.t0 7s. sd.j small 2-tooth \ ewes,■ lps. 9d.;,.;mixed-2-tooths, ■ 9s.- 4d. to 9s. IOd. ; : empty ewes,-,75.: 5d., Bs., ■Bs. '3d. to 9s. Gd.; fat ewes, lls. 5d.; cull ewes, :2s' 6d to 45.; Lincoln' rams, 10s.;■ fat heifers; '^5;'2-year steers,..« 3 3s. to, £S Jβ. 6d.; shorthorn. 3 to si-year'bullocks, £6 ss. to -10s.VlS-mOnths'i steers, iE2. 75,,6d.-.-,'t0..^2;:105.; ■18-mPhths-hoifers,v^62;:. 2-year empty/heifers,.' '£2 'Bs.' 6d.; cows, and calves, £2 195.; store •'oows,' 245. to : 325. 6d.; .bulls,';^3; to ~£3 165.; ■yearling small weanbr's,.i 13sV; ■springing cows, 15s. to £5 55.; medium, do., y £S' toi £i 55.; sprihging'heifers, <M ss;jvothers, ''£3 ss. to £3 175;,6d.; vealers, 265.:t0.335; Pigs: iHeavy .'porkers; 375. ■to £2 Ss.j-.good. porkers,' ;'2as.-to 345.; medium do., 185.;6d. ! t0 2-ts.-;stores, , '14s' 6i. to'lßs. ■ At'Waverley.—Light fat bullocks, i£6155.; ; 2 to 2J-year.steers, £3 12s. 6d. Ho 15s. 6d.;' empty■',lieifers,. X 2 -,ss. tp £2 r lls. lid'.; store cows,-,305."t6.'375.; good spnng'in»' heifers, £5; do. cows, i!5; ; 55.; 18-months 'Steers,. JC2:7s. 6d u to £2 12s; 6d. - K iaixii weaners, ;225. to 2Gs-;' small'..heifers, ~325.,,.tp. 375. ,6d.; ■'mixed young cattle, '30s.;' good' 2-too'th wethors, •'l3s. to 13s. 3d..; good forward and -fat wethers, 14s. to 145. ; sd;j. forward -wethers, .-133;. ■ 9d.; »medium^ao5 v l,3i.TGdv- eniall d0.,;.9.5V Cd. ;Mft)ty (fat- an'd:.'fqr'ward),'-,los. ;Gd;y njedluta««b.;. 9s Gd.; good G-too.th to-f. in .'/breeding ewes in lamb,' 12s. 4d;r: mixed :lambs> 8s; ,9d.": t0,9^.; /good mixed• lambs,r Wi.M. ;, cull,.ewes. ,ss. -to 65.6 d- ■"" - '•' : ' ; ' , ' ; '' : :v:''y:::,':' ? ;-;;^;.;,; COLONIAL AND OTHER PEODTJCe/s (By Telcerapb.—Press: Asscciation.— Copyright.) 1 ': Ju1y.11..-. An Australian wheat cargo has been"Bqld.:,at 455. per quarter. '.' : ?tj. ■'-i <■■& -'Li'.;.;* Copra'active; small supplies offering,!bouth Sea, iu bags, sold at 17g. 6d. to #0,55. THE METAL' MARKETS. ' .':'?.-

-(By ITelCErapii.-^Press; A3sdclatlon'.-boßyrißlit\)'--, '■'v-; : ,v\ ■■•." ;'.; ',v ■:.'/.:. >on , the spot, £5$ :2s. 6d.. per . ton; olectrolytic, d£6o.. - '.•.;'. ~.•,,../,. - y .'■■:■ ■ ' Tin—Spot, JBI3I 125.-" 6d., ■' per -'...ton;: three months, ".: :.' ,' ".'■ ' '. ' ■ :'•-, ' ; Lead, £12 12s.' 6d. per ton. 'Imports, 17,884 tons, including,' 3100 -Australian; exports,: 5504: - AntimouyV.i£B'. ■]■■-■ v '.■: ■ '; ''•■■' "■•'.■ j'.-v.!: }'■£,. ;. Silver, ,23 9-16 d. .per ounce standard:.; /-'j ' ;.. ' ;"\ :,:.';:: "Jwheat: and, : oats.i;"v;- v ;;j'! v) '' . ; •;■':.- (By. Telegraph.—Press Association.) •;. .' ... .■■ ! '. ; Christchurch; July 12.' ■The' "Press", claims to have' obtained,from reliable •'sources full particulars of the,, quantity of wheat and oats'shipped from New Zealand to the . United: Kingdom'.' this season to the,end of June. ; , The total quantitiesVare given in sacks;; it- says', ; : and,. 3i. bushels j per sack has been allowed for <wheat, and i bushels nor sack for oats, though a considerable quantity of oatf has been shipped that would average, about. i\ bushels per sack:''.>. ■','•;■<.. [,\: ;.=-.:;■' vv'':' ;^':: - ■:.;■■ : ■; Wheat." •.■'•bats;---.-'/ ■;•.' ■■:.■■ ■ ■ "-,'■ . ; Bnshels. Bushels.-. r ' February ...'.V.;......-... 1,463 ■' 39,684- ;.. March ■'. ~-.~~. 18,070 : G7.432 - 'April ....„._..»..-..»-« 50,170 '73,180 .'■ May ....„...-....»•......-. 450,507 - 627,020 ' _' ; Juno': ■..' ...—-•• i17.82ff,•; - 339,634;: V ■;;..-■• v--^Total-■..■;;;..;.....,.... 938,036 :1,747,600 ; The'sbipments of wheat and oats to all ports outside New Zealand, according to the monthly leaflets issued, .by : the Department■;■ of■''lndus-' ti'ies ■ and Commerce," 'for some months,', are: Wheat', 559,576 ;• bushels, and;';■ oats, : 1,750,849. Allowing that some of the June shipments were not all .entered at the Customs, it will be seenthat' the shipment off wheat during ,the live months is . considerably understated. The shipments ■•".to"-, ports other \ than.-the .United Kingdom ■ principally comprised ' oats.'' to' 'Aus'tr'alia. ■;. "■;. ■' -•■;..•■ " ' ■ "•'" ; ','■'; ''■■ :: '.- ,, ;. , THE PAEAPAKA lEON LEASES. ; ' ; - . !' 'SOLD TO "A SYNDICATE. ' - J (By Teleeraph.—Special OorrcsDondent.) . ■;■'"■■■■-.•'••. V New Plymouth, July 12. ' The'Parapara.-and other-:iron>leases,iowiied by Messrs. Witheford, Alkn, Magyire', Hamilton, 'Gilmer, : Berry, and the.trusteesof tho late Mr. Cadman, have been sold to a Canterbury syndicate, which has [formed ! a ■■ preliminary company, with a. capital of '£40,000.' All of this is said to havo , been subscribed,' ariditis understood .that a representative of some financial standing has been sent^-'to London with the idea of launching a larger; com-