COMMERCIAL.

Dominion, Volume 2, Issue 567, 23 July 1909, Page 8

COMMERCIAL.

■ : THE SHAKE MARKET. , Sales of Westport-Steckton at Gs. Gd., and D.I.C. preference at £1 Is. Oil., wore reported yesterday. The- quotations wero unchanged. Bank'of New Zealand, buyers .C 9 2s/6d.; National Mortgage, sellers £3; Wellington Investment, buyers Us. Gd., cmn dividend; Pending Gas, buyers ;£1 Os. Gd., sellers £1 Is. Gd.; Wellington Gas, buyers' .£lB 17s.Gd., sellers ■£19'105.; National Insurance, buyers £1 Bs. 3d.; Standard Insurance, buyers £1 35.; Meat Export, third issue, sellers £3 -Is.; ' Union ' Steam, sellers ill Ids. Gd.; Wollington Woollen, sellers'. £3' Is.; Taitpiri Coal, buyers £1, sol-' lorsJJl Is.; Wostport Coal, buyors £G 95., sellers -£$ 10s.; Wostport-Stockton, buyers Gs. 9d.'; Taranaki Petroleum, sellers 7s. Gd.; Wellington Opera House, sollors £T 17s.''6d;j;Whitcombe and Tombs, buyers .ftt Gs.. :■;'■ ■.'••!>, 'THE MININGMARKET.■'. . ...New' Zealand Crown, Waiotahi, Waihi Consolidated, and Waitangi wero in good demand yesterday./ At the morning call the sales on 'Change were:: Waihi Consolidated ss. Gd., Watchman ,25., and Maoriland 10d., .and 'the reported sales were: Kuranui Caledonian 2s. dd.;-.Now Zealand Crown 7s. 2d., 7s. lid., Waihi Extended 7s. ;ld., Waihi Grand Junction £2 95., ..£2 9s. dd.,-Waiotahi: Bs.' 3d., Bs. Id., Waihi Consolidated ss. dd., Waitangi 4s. 3d., 4s. dd., Is;, did., Pkoenbt Bd, Maoriland lid. At the afternoon call the transactions on 'Change included ■ Waihi Grand Junction £2 9s. 4Jd., Maoriland 9d.,- The sales reported were: New Zealand Crown 75., 6s. lljd., Saxon 2s. did., Waihi Extended 7s'. ls.V'7s., Waihi Consoli7d.,'55. Gd.,- Waitangi-:4s. ; 5d.. Tho quotations, with the last-recorded, sales, were asunder:—-,/., ... ■■', •■ '■-.'

; /C;: ' notes. V':"^> : ' : . v . A 6ummary of.'the< foreign ;trade of. India .for, . the, twelve months ended March 31 last is published/by "Capital,'V;and the .figures the economic; conditions; in. that .:.. country to 'which-reference :was recently" made in this column.. In comparison with the preceding'year; ; total'-imports for the"' term just concluded re-,' •Teal a decrease of •whilst exports have diminished by i£l-t,6so,ooo,:the.exact figure's beingViE94,69B,GM imports,- -and- '.£99,585,800 exports; Of the latter the chief.'shrinkage .was shown •by foodstuffs r ••; aid v jute. .£1,600,000, the first of Which may-ba, attributed ,;:,.'.•./

.. The: report of the Messageries Haritimes for. : 1908, 'published, by the . - Shipping : ;. Gazette," shows that the excess of receipts over expenditure -was 8,964,588 francs',-'."or-about from/:which is deducted ,: interest ?on - bonds :.£9d,9<>3, leaving a. profit of .£263,615/ which is appropriated : . as ■■'• follows -.—Fleet ';. depreciation fund,;. tSIBO,2H; renewals account, .£20,000/ boiler renewals' account, £21,234;: Belleville 'boilers' account,;. .£28,000;' balance-,- carried :;iforward; £1d,110... The Messageries Maritimes 'have ex-. ■ perienced; the effects of the general depression' in, the shipping' trade.: The- coal bill ihas increased by ;£29,0d5, owing." partly .to increased tonnage and longer voyages,; and partly'to the increase in': the cost'of. .coal..'. The Suez Canal, dues paid by the company in ,1908, amounted to i|19i,521, or .an increase of £6064, over 1907.: ■"";.■

Customs revenue collected at Wellington yesterday amounted to .£llO2 Bs. Id. LONDON WOOL SALES. (By Telegraph.—Press Assoclatldn.-Oopyrlßbt.) London, July 21. At'the 6alcs just concluded crossbred lamb declined id. to Id. per lb. INSIGNIFICANT DECLINES. ' (By Tclegrapfi.—Prcsß| Association -Ooryrlirht.) (Rcc. July 23, 0.5 a.m.) , ' ' y London, July 22. The schedule' of closing-: prices at the late wool sale 3 wa3 slightly reduced in throe insignificant ' instances, as compared with ' theMay sales., , • . -

Tho Department of Industries and.Commerce has receivedthe following cablefrom the High ,Commissioner, .dated -London:. July ; J2l:—The, ivool."''sales' closed ..with .'competition, not quite .'so.'keen as-;at close of May,,sales. are■'not- buying , so.';f only.: light fine 'grades./-Consumption;is:'.large; aiid supplies' ; wiil be.'m'ode'rate.:.,. Prospects: are favourable. /value',, according' tb./conmerinos, 'Is., to" Is. .'2d.;; medium merinos,' lOd. to HJd. j inferior merinos, ' Bd.. to 9Jd.-; fine', crosslireds,' all -grades, Is.' to Is.' ,24d.; medium crossbreds.-.all grades, ..lOd.'tb,ls. Id;i coarseicrossbrods;'aU'grades, 7d;' to/ilid; v ',:'.'; / ':/,;.'/: : :.\.'z_; ; v.v/,: -;,^

Messrs. Levin and/Company's, Ltd.j : London agents report that sale closed.firm oh a•, par with - bpening ; ; ratesi for; :merinos /and crossbreds generally. f-The, following prices are the' average 'realised !for the'fleece portion,iof tho : clips:—Tekoa, Csinterbury, :il|d. : . (greasy), Is. 6id. (scoured); ARD,:Nelson, 9 ". 15-16 a.; Eewa Eewi, Tenui,'t.'9 5-16 d.; :Ashby .Lodge, ;Wanganui, .'B3d.;'> JJB,,)Wanganui,: 7.:9-16 d/; AM, Castlepoint, Bd.-; -A,V: Blenheim/ '8' 9-16 d;; BB," Fcatherston, BSd.'; Marahau;, Wanganui,' 95d.;..EE:.:over ..Mahgamahu,': Wanganui/ '8 :7-16d.; K, Wanganui,' 1 946 d.;. RW over :'T, Taihape, Bd.; Leatham, Wellington,;9d.; KO, Wellington, "73d.,-Nga, Wellington,' 10' 9-16 d.' ;; JL over, Opaki, Wellington;'" 73d.;' 'Ruatea,. Alfredton,. 7id.; : Mapu; Marlon',. 7id. '

TAELOW SALES. (By Tolegraph—Press Association-Ooprrls'ht) London, July 21. At tho tallow sales 1200 casks were offered and; 550 sold. Prices were unchanged. I THE METAL MARKETS (By Telegraph -Press Association — Copyright) ' London, July 21 Copper.—On the spot, .£SB 155,; threo months, ,£59 lis 3d , electiolytic, ,£6O 5s per ton. Tin —On tho spot, c£l32 2s Gd , three months, £133 12s 6d pei ton Lead, „El 2 12s. Gd per ton.

WHEAT. "i i (By Telegraph —Press Association —CopyrlEht) (Rec. July 23, 05a m ) \ ' ' London, July 22. The American visible supply of wheat ib .12,661,000 bushels. * \

AUSTRALIAN PRODUCE MARKETS.' (By Telegraph.-Preas Assoclation.-CoDyriEhV) (Rec. July 22, H. 35 p.m.) ' '' ■' \ Sydney, July' 22. ; .'i, Wheat, ss. 3d. Flour, .£l2' 10s. Oils; Tas T manian white 2s. 7d., Now Zealand white 25.. Bd. to 2s. 9(1., Algerian feeding 2s. 3d. to.2s. •sd.' Barley, Capo 3s. to 3s. 3d. Maizo, 3s: lid. Bran, 4s. sd. Pollard, Potatoes, ;Tas'raanian, £G. ... .Onions, : New- Zealand ■':£& '155., Victoria £1 10s. Butter, 110s. to HGs. Chcete, 7d. to Bd. Bacon,. 7Jd. " ', Melbourne, Jnly 22. . Wheat, is. lid. to ss. Flour, Jill 10s. i Oats, Algerian feeding Is. 9Jd., milling 2s. Barley, English 3s. od., Cape2s.9d. Maize, is. Id. Bran, JOJd. Pollard, Is. Id. Potatoes, £-i to £i 15s. Onions, £6 to .£6 10s. ■ . Adelaide, July, 22. Wheat, 55.. Flour, £U. Bran, lljd. Pollard, li. Id. Oats, Algerian, Is. lid. Barley, Cape, 2s. 2d. to 2s. Jd. C. C. AND D. CO.' (By Telegraph.—Press Association.) • Napier,' July 22. Tho C. C. and D.'Company, London, to-day raided the following report:—"The frozen'' meat market is weaker. Prices for mutton ■.have fallen Jd.. Beef has'also, fallen fur- , tlior id. per lb. all round. To-day's quotas tions are:—Mutton :■■■.■ Canterbury, ; 3d.; Napier, Wellington, and North Island, 2Jd. Lamb: first quality, 3Jd.; second, 3Jd. Beef: hinds, 4d.; fores, 2|d." ,

'■.,'■.•■■ Buyers. 5 Rollors, Sales.: : '■ ■:■:'■) ' £ s.' d'' 1 £ s.id. #a..d. Blackwater, Mines ...... >.l 70 ■•".;.'..— . — Consolidated Qoldfields 1. 0 : Ov•■.,• 10 6 ■ — \-, Dixpn Consolidated ... 0 1 1 0, 1' 3 r- ,, Dominion ......:..:.... 0 0 10 0 1.0 .. — Kuranui Caledonian ... 0 2,3 0 2 5 0 '2 4 May > Queen .„.....'....'.....; 0-5.11 060 — ■ : Maoriland: .:.....':.:....'...-- 0-0.9 -.,-..0 010 .0 0-9; -Mountain King .;.;..._... .'—.'' ' 0 .110. .. - —.;,;- New'Sylvia : :....!.._...-. 0 4 1 :,' 0..4- 3 ':; -fi: Ngatiawn''■.; — -■ . > -0; 0 6 ■ — ••. New-Biff River ............ '210' 0.:. •'— ■■'..—.•• ' N.Z. iCrown •-......;...;.:.'....-: 0 ■■ 6; 9,. 0 6 11 .0 6 115 Progress ;... :......_ 0 14 ,6;. ":■,—. . '-■'■■. — '■'■■"- Phoenir .;.. ;...;;.;.........' -:■ '-■•" - '.'■ ■ 0 0 8 .Saxon':.........;..-.. .:..; .0 2 4. 0 2 41 : 0 2 41 ;Tairua Broken. Hills... : 0'2 4 -.0-2,6 .,,:.— Talisman ..........:...•.........2 17 3 - 2 17 9 —. .... Waihi Extended J..-;..... 0 6 9. :,0 7 0- 0 7 0 Waihi Grand Junction 2 9 3 2 9 6 ..2 9 4J Waihi.- .: ;::..;..„.;.:._;;. 9 A, 0 -'■v — : ■■•■:■;-.-—.'. ; WaiotaM ....;...:........-...... 0 7.10 -0; 8. 2 ,0-8-1 Waihi Consolidated „.i0'-5-7 : 0 5 10 .'.0 6 6 ■Waitaiigi ..;................;.. .04404 7 . 0'4,5 : ' Watchman ;...............;.. 0 110 0 2/1 v0-2 0 .