COMMERCIAL.

Dominion, Volume 2, Issue 559, 14 July 1909, Page 10

COMMERCIAL.

THE SHAKE MARKET; Sales of Bank of New. Zealand at .£9 2s. Gd. and Sharland's ordinary at £1 Is. 3d. were reported yesterday. The market was quiet. Bank of New Zealand, buyers £9 29.; Wellington Investment, buyers lis. 6d.; Wellington Trust' and Loan, sellers .£6 18s.; National Mortgage, buyers £5 175.; Wellington Gas, paid, buyers £18 155.; £& ss. paid, sellers £U-5a.; new issue, buyers £2 2s. premium; Meat Export,, third issue, sellers £3' ls.-; Now Zealand Shipping, buyers .£6 17s. 6d.; Taupiri. Coal, sellers £1 Is.';- Wellington Woollen, buyers £2 19s. 6d„ selleTs .£3 Os. Gd.; Leyland-O'Brien Timber, sellers ,£1 2s. Gd.; Tara'naki Petroleum, buyers 55.; Sharland's ordinary, buyers £1 Is. 6d„.sellers £1 2s. .-■•.•. :'.'■ THE MINING MARKET. At th© morning call the transactions < on 'Change were:—Waiotahi,. 7s. 2d., 7s. 3d.; Maoriland, Is.'; Mountain King,' Is. 9d., Is. 9d.; and the sales reported were;— Consolidated Goldfields, 18s. 2d.; Watchman, 25.; Dominion (Thames), 6ld. ■ At the afternoon .sitting, sales of New Sylvia at 3s. 3d. and Talisman at .£2 14s. 9d. and £2 15s. were reported. The quotations '■■ with the last recorded sales were as under:— ..:..'•'■. '••■.'. ■' '-

':.; :' r ,' EOTAL •'' ■:.';...'j . The roport of the Royal Insurance Company, Ltd., for the year 1908 states that the-net.fire premiums amount to, .£3,693,670,. the losses to £1,939,588, and the.surplus on the fire account :to .£465,711, of which. £300,000 • has teen added to the fire fund,'and the balanco, £165,711, carried to profit and loss account. In the life department the new. assurances amount to ,£1,585,483, the total premiums, after deducting reassurances, to and the life-and an-; nuity funds at the end of the year to In the accident department, including employers' liability; the net premiums amount.to £197;G76, the claims:to'. .£86,191, and ,the funds; to; £162,943.' rThe profit 1 and loss account-is ere-; dited with £182,287,' interest not carried ■ to' other - accounts, and after charging income-tax, transferring £15,000 to the 'superannuation fund and providing for the'final dividend for 1903, a 1 balance of .£960,769 is. carried forward. The dividend recommended is 10s. per share (including the additional shares' recently authorised) making, with, the 10s. paid.in December last; 20s. for the year 1908 on the shares issued previously, to' December 31 last. The total funds, as at t the end of'the year,, after making provision' for payment •of dividend,' -amount to £14,929,972. The report states that since the closing of the accounts ah agreement has been entered into by \vhich as from January 1 last the-yßoyal" has acquired control of the British and Foreign Marine Insurance Company, Ltd. To provide the consideration payable the issue of 33,500 shares and the creation of £900,000. 4 per cent, redeemable debenture stock have been' authorised.. ~. • v '■'-':■■:■' :b : 7 .. ) ;Evec the Suez Canal .'Company has "hot' escaped; the depression which has affected the shipping industry during the past .year. The annual report shows ; that the number of'vessels making the passage was 3795, of a net tonnage of This is a decline of 472 ships and of 1,095,000.t0ns as compared. with 1907. The high r average.tonnage of each vessel, which has been'such a marked feature indecent years, continues to increase, and- in 1908 .rose, to 3592, as against; 3452 .in .1907., The lines'making the most; use'of the .canal were the following:— ; . ,

■■■'■'■■ -.''■'•■■ . ' .-' ' Tonnage. P. and O. C0mpany,..........; ,1,125,300...'■• Ellerhian Lines ....i......'....7..... r 945,900 : ■; Alfred Holt-and'.C0................;'926,800' : . Hausa Steamship/ 767,500 ■."■ Messageries "Maritimes''..'.'..';..., V; " 574,900 ':•' Norddejutscher. Lloyd,./.. i..:., 533,000 //Clan Line ..........,..'............;.'... 1 \"t03,500 These.companies, of which it mli'b'e.b'lis'erved thaf four are.British, account for not less than 40 per cent. : of the 'aggregato/tonnagef using .the waterway. The:; tpta%Vnumber''of; English ves.eels vis 22330f- l 8;302,S00' tons'i- r arid" next in order, was Germany with' 584 ships of 2,310,500 tons, France, being third '■with... 242 vessels, of 815.1G0, tons... The smaller"traffic led. to; a falling off in revenue of and there was an increase. in ; expenses.of .£50,800.; ','.-. /..;<,.' Customs revenue collected at Wellington yesterday amounted to. 185..3d. ; A ; FRUIT AND 'PEODtJCE EEPORT. ' y ' ' The New. Zealand Fruit arid {■ Produce Company- report.'prices ruling,in..their market for the week.'e'nding July 12, as follow:—Potatoes, 4s. 9d. to ss. 6d. cwt.; potatoes' (seed), 65.-6 d. to 7s."owt.; onions, s=. Bd. to 6s. Gd. cwt.; lettuce, Is.■■'6d/,to i ss. 6d. case; spinach,;ls.'?d; to , . 2s. 6d. case; swedes, Is.' fid.to ls.'9d. cwt.; carrots, 2s. to 3s; 6d. sack; parsnips, Is. 3d. to 2a. 6d. sack'; pumpkin, 3s. to 4s. 9d.sack; cauliflower, ss.- to 9s. sack; turnips, Is. • 6d. to 2s. sack; beetroot, 2s;6d. to 4s. 3d. '. sack; marrow, Is. Gd. to 25.-sack; cabbage, Is. to 3s. 2d. sack; mandarins; -ss. to 65.;-lenions, 6s. to 7b. Gd.; pears, dessert, 401b., 9s. 6d.Vto lls. Gd.; pears, cooking, ss. to 65.; passion fruit, 3s. to. 45.; pines, 7s.' 3d. to 95.; yines, ordinary, 6s. to 7s. Gd.; apples; extra choice, Jonathan or Dougherty, Bs. to 10s.; apples, medium, Jonathan or Dougherty, ss. to 6s. 9d.; apples; cooking, iEpps Seedling, 3s'. 10d. to 4s; 6d. r apples, cooking, Wolsleys or Wash, ss. 6d; to 6s. 6a.; Cape; gooseberries, 6}d. per lb; Island oranges, 4s. to Bs. 3d.; 'eggs, fresh, Is. 6d. to Iβ. 7d.; hens, ,3s. to 4s. per pair; turkeys, 9s. to 10s. Gd. per pair; ducks, ss.' per pair; 'cbaff, £3 .to, £3 10s.; bran, 9s. per sack; oats, 25.-2 d. to 25.,3 d. bushel; p'ea,nuts,.2os; to 22s.;sack; preserve'd ginger, 6id. per lb.; ;walnuts, 4d. to 41d. per lb. •-' ■ ; iWOQL SALES. v: : - (By Teiegraph.-Presa Aasociation.-Oopyrlßht.) /' •'■■"•".' '.'"■■■• ,•'■ London, July 12. At the wool sales a good selection ,was,offered, and there;was better competition and a brisk sale./ : -.":■.' Crossbreds brought late rates; merinos were unchanged.- ■.;•■' . . ' . . IBy Telegraph.—Preaa Association.—OopyrlehU I/ , ' (Rec. July 13, 11.5 p.m.) : • .■'•':. .''■• London; July 13. 'At the wool sales, Ngaio sold for Bd., Tihi. lOjd.; Owooka, 15d. . ' ■-. . Messrs. Murray, Roberts, "and' Co. have received, the following wool market cablegram from- their London agents, Messrs. Sanderson, Murray, and Co., dated London, July 12":— "The market is irregular and-coarse inferior crossbreds are weaker. Compared with the cl<ree-of the May sales, superior gTeasy merino sKows no change, but inferior scoured merino has declined 7i to 10 per cent, and other descriptions of merino; 5 .per cent,"\. ~■■'■-'' \ WHEAT AND'FLOUR. ' (By Telegraph.-Pross Assoclation.-Copyright.) .'■''■ V ' London, July 12. The quantity of wheat and flour afloat for the United Kingdom, is 2,365,000 quarters, and for the Continent 1,905,000 quarters.: Atlantic shipments, 111,000 quarters. (By Teleeraph.-Presß Associatlon.-Copyrieht.) (Rec. July 13, 11.5 p.m.) . ..'. '/■'■" ; . London, July 13. ■-■ An Australian wheat.cargo' sold at 455. ljd. . ; : SILVER. .■' ... : (By Telegraph.—Press Aaeoclntlon.-Oopyrteht.) London, July 12. Bar .silver is quoted at 233d;-per. ounce standard. . PRICES : OF METALS. ■ - " (By Telceraph.-Freaa Association.—Copyrtffht.l (Rec, July 13, 11.5 p.m.) . . London/July 13. ■ Copper.-On the spot, JCSB 2s; Gd.; three months, '£59 12s. fid. per ton. ■ Tin.—On the spot, .£l3l 79. 6d. per ton.

: . Buyers.. Sellers.' Sales. '■■'£e.i. is.d. £s. d. Con. Goldfielda „....' 0 18 0 0 19 0 0 18 2 KurahiiiCaledonian 0 2' 2 ■ 0. 2"! .— .> N.Z.. Crown ....;.... 0 G 2 0 6 4 — ■ May Queen ......-...; 0 4 6". 0,4.8 — Maoriland - 0 o; 10 0 1 1 0 1 .0 Mountain King ... 0 1 8J 0,. 1 10 0 1 9 Dominion 0 0 9 0 Oil '00 6i Dixon Consolidated 0 ,1 2 0 1 2J, — . New Sylvia ...0 3 .31 0 3 5 0 8 3 Saxon 0 3 2 0 3 3 — Tairua Broken Hills' 0 '2 1 0 2 3 - Talisman 2 14 G 2 15 0. 2 15 0 Waihi Extended ... 0.6 fi 0 6 9.,.;• -..'•. ;Waihi G'dJunction 2 G'O 2'G 9 — ' Waihi .' 9-2 6 9 3 6 - Waiotahi ...'.'... 0 7 3 0 7 6 0 7 3 Waihi Consolidated — 0 4 9- —.'.-. Waitangi ..'..;.~.,'.....' 0 3 11 — ■■'• .'—' '.•■ Wafchinan .i.^;....v.' 0 1 11' 0 '2 1.02. 0