COMMERCIAL

Dominion, Volume 2, Issue 568, 24 July 1909, Page 8

COMMERCIAL

TEE SHAEE MARKET. Sales of Wellington Trust and Loan at .£G ,17s.' 6d. and Taranaki.Petroleum at 75.. Gd- .were reported yesterday. Bank of Now. Zealand, buyers .£9 2s.lGd.; National; Bank, 1 sellers, £5 95.,. ex div/;: Wellington Investment, buyers lis. .; 6d.-; National - Mortgage,. sellers : *£3 ; /Fending Gas, buyers ill os. Gd., sellers £1 Is. Gd.; Wellington Gas (JEIO paid), buyers .£l9, sellers i 820; National Insurance; : buyers ; '8». 3 a.; Wellington Woollen, sellers ;£3 Is. j. lnupiri Coal, buyers £1. fls. 3d. j Wcstport Coal, M 9s. Gd;; Westport-StocktiHi, buyers'Ga.^d.; sellers 7s.' 3d.; Loyland O'Brien Timber, sellers I £1 29. 3d.; Sharlond's-ordinary, sellers ifil Is. 6d.;. preference, sellers il -25.; >.ew'_Zoa)ann Portland Cement, buyers £2 Is.; , Tarannki Petroleum, buyers 75., sellers 7s. 6d. \

I ' THE JOINING MARKET. M' l;t Good business was done yesterday. Talismans : '»nd Waihi Grand Junctions wero firmer, and thero was excellent inquiry for May Queen, > - r New Sylvia, and, Waitangi. At ,th» morning • call tlio sales on 'Change were:—Waietahi, 7s. : -9d., 7s. 9d.; New. Sylvia,; 3s. 9d. The sales reported were:—New Zealand Crown; 6s. 10.Jd,, 6s. 9Sd. r Saxon, 25.,-4 d.; Tairua Broken Hills, 2s. 6(1. ; Talisman, 17s. 6d.-;.,Waihi Extended,-Gs. 10d., 6s. 9d.; Waitangi,'4s. j6d. lljd. and lljd.; and Ngatiawa, ,sd. ;In tlio afternoon May Queen changed , hands at ss. lid., and . ~N«w Sylvia at 4s. Id. on 'Change,-and tho rc:portod sales wore:—Consolidated Goldfiolds,' JBI os. 6d.; Talisman, .£2 17s. Gd.; Waihi Grand •• Jnnction, <C 2 lOs. Gd.j Waitangi, --is. id.,,45. Sd.; ind Bendfeo, B|d.. Tho quotations, with last recorded sales, wero as under:— , ■ • • ■.■■■■; • Buyers.- Sellers. Sales.

UNION BANK OP AUSTRALIA. : • The net profits earned by tho Union Bank, ' : of Australia,': Limited, during the six .months ended February 28,; 1909, '-aro V approximately J8135.500, as compared: with ,£136,38G during -the half-year,:'and ,£163,187 for th« . corresponding > period of 1908. The amount car- , ried forward is slightly l larger than in the past two terms. Tho reserve has been strengthened by the' addition of i 20,000, so that :it now - stands at X1i270,000, as against a paid-up capital ' of "i 1,500,000. - Premises have been written j down by .£IO,OOO. The; following table shows .. the net profits and appropriations for tho last three half years:— , . ' Feb., Aug., Feb., ,y:- rA-:Z 1803. : 1908.. 1909. . £ ■£ £ u Net profit ~.:.;..:...;......;.1G3,187 .136,386 135,556 - Balance brought forward- 35,870 36,058 - 37,444

, Available 199,057 172,444 *173,000 yyy Written; off premises ;..710,000 10,000 10,060 i,. To. :-Teserve 30,000' 20,000 20,000 Dividend at lOyp.c. p.a. '75,000 75,000 , 75,000 " Bonus of 2 per cent.' ...-'30,000 /' 30,000 - 30,000 Bonus to staff'! 18,000 — — Carried forward ......... 36,057 '37,414 38,000 * Approximate. ' "SHELL" TRANSPORT AND TRADING. 1 The report;-of. tho abovo company for . the , -twelve :,' months _:.ended December 31 \- last states that, • including th 6 .balance brought . ... forward from 1907, and 23812,: being tho unexpended.. balance; .of . the 'sum ;of : apP ro P r iated, 'for-/ special 'purposes out of the profits 'of the year 1906, there \iak a credit to : the;profit: : ahd: loss account of 2710,551. .Demanagement, . legal,', and',.'othor-ex- . pensos (27J57), .there remained 2702,931 to'be /ybalaii'cs^ amount ; preference dividends, (absorbing ... /■... ;250,000) /nd. interim dividends (absorbing • • . had, already; .been paid. '/The directors ; , . did not deem' it necessary to appropriate out *-"• of the year's profits any sum to reserve which' ::.■/,. jat: 2720,000 ionhreserYO/account;\ with •. 2100,000 at tho credit reserve fftnd. After payment of the dividends already distributed there . remaineiTa balance 'of '2422,894,'- from ; which the . ; '.yydirectors recommended a further-and; final dividend for the -year ,1908 of 10 per cent, (mak- •- ing 20 per cent, for the. year), leaving 2192,991 • ii ./■ to be carried forward" to .-:the current year. " yy y'y THE WORLD'S GOLD. The United- States; Statistical Department ;has i: ,'published"a' series -of tables dealing, with the ' world's gold production and /gold currency. According to theso tables, the "United States possesses: a/ 1 greater supply •• of gold currency : ' than'.any other, 1 country..'. The '.figures' given,. . oonverted into sterling,/aro as follow:— : ' ' 2 United States .„ _. 322,000,000 . r ys: -,/'- Germany .' ... • • ... 209,000,000 ; ; /r: V-.-: v ? Prance : . . '..v' ... 185,000,000 ': ~ . Russia •'... ~■■■.•■;,.■.. 183,000,000 \.•■■■■■,.■ United Kingdom ... : 113,000,000 v.- '. Austria-Hungary . ' ... 60,000,000 '. Italy ' 51,000,000 • ■ Australia' . ; .. -..v' 32,000,000 * . •' Egypt .. ... ... ... 29,000,000 • ' ~ Argentina- ... •. ;.. '... • 29,000,000 ■'■ •".The world's stock ,of, gold'has,increased about ; * one-half in the last decade, and doubled ii :■v /the" last quarter of a century. /, The stock of / gold money has ; grown in even i % greater being practically.:7s . per 3ii, cent, more than a' decade ' ago.'.■ Prior to the I.; ; year ; 1700 the. worldV gold: production .averaged' about: 21,000,000 a year; / from' 1700. to 1750 it ■'Kyaveraged/about -22,000,000. year from. 1750 to ': ■ y 1850,it'averaged about '22,400,000 a year.- With tha discovery of gold.in .the United State in 1819, and a'little later in' Australia, the'world's production of gold increased tenfold, the annual : , i output ranging abovo' 20 millions sterling per . annum from 1850 to 1890. In 1593. the pro- '■■\ y -dnction exceeded 30 . millions; in .1894, •it was 36 millions, and in 189G .40. millions. ;The gTowth •'since then, has been" very; rapid, being over6o.. ;iVmillions .in 1899, .'and exceeding 80 millions in My; 1906, 82 /millions, in -1907, and 85 millions in y ? c;;1908.' ,v-; 'y y'y.yyC /.'/./ ■ WORLD'S SILVER PRODUCTION. ; ;;.'An; estimate of the world's silver production' v." :7 :. ih;;quahtity and value'.as for . each of the last " .. . ten years may bo given as follows:— V;'}, '. /::;/■■--- ■;y ■'.. Total ounces. Total value. Year. 2 1899 - 167,22.1,213 19,161,112 ... 1900 "172,338,873 . 20,3«,575 Ml 173,011,283 19,595,931 1902 ' 162,763,483 16,318.731 v : .-: : 1903 '......167,689,19217,292,91-1 1901 164,195,206 18,044,172 1905 169,538,839 19,652,873 1906 165,6i0,640 21.305.97S . 1907 185,014,623 23,271,622 ;i * 1503 ;. 183,793,053 - ' 18,666,990 ■/ The average price'of silver in London.last year was 21 13-32(1. per ounce, as against .30 3-lGd. V■/in: tha; preceding year, and '30Jd. in 1906,« a vi't/y r fall /of 5. : .7-32 d. in tho past twelve months. ; :■ / . Customs revenue collected at Wellington, yes-. . terday- amounted to; 21181 12s. 6d. . WELLINGTON MARKET REPORT. * v ; y The' New.Zealand. Parmers'/.Co-operative Distributing Co., Ltd., report as follows:—Maizo, / S 4s.' 9d.; . wheat, wholo fowl, ,4s. v9d.; barley, Cape, seed,-; 35.; barley; feed, 2s. 6d. to 2s. 9a. : ; per- bushel; • barley meal,: best; quality, 25 ■' 15s. ' V. to. 26 .per': ton; oatj, 2s. 3d. to 25. ; 4d.; ; oats, seed, sparrowbills, gartons, duns, ..Algerians, ' , /'. .•/ 2s. 8d.;" oats, brushed,-'2s. 7d; per bushel; hoijso . beans, 4s. Gd. per bushel; partridga peas, is.1-. 9d. ;■ -Prussiani blue, peas, ss. 3d. .per, bushel; :. " hayi 'prime,' 23 10s. to '24 per ton;, straw, /■ : ■. , wheaten 22 55., oaten 22 2s. Gd. per ton; bran', 25; pollard, 26; sucrosi.ne, 200's 27, 100's; 27 .! ■ ss."per ton; linseed oil;cake, genuine, 213 per ;?:';■/ ~ : ton K prime oaten sheaf .chaff,' 23 55. : , to ;23 10s. per ton. Potatoes; 24;10s; to 25; selected Can- '"''■" terbury Up-to-Dato seeds, 26 '10s.;' British .: Queen'seeds, 27105.; Onions, 25, per ton. . But- / - y ter, ieparatdr, 91d. to; 10d., dairy 9d. per lb.; ■ eggs, fresh Is. Gd. per dozen (good , demand), preserved IS. 2d. to Is.- 3d. per dozen; honey, .. / : liO's. lid.; li's 4£d.; beeswax, Is.'.fid.; fungus, ' : 4Jd.; walnuts, 4V per lb.; cheese, /best factory, . mediums, 5Jd.; bacon, factory sides Bd., rolls 9d., hams BJd.. per lb.; porkers, 70's to 90's ?:;/, :' 5(1."'-.'to 5Jd., 90's to 100!s sd.,." : baconers 4Jd.; to / ijil., heavy, pigs; 35d. :per .lb. (very good de- • mand); cabbage, ,2s. Cd. to 35.; parsnips, 2s. ' -6d.; carrots, table, 2s. 6d.; horso carrots, 30s. ;•••• 9d." per ton; marrows, Is. 6d.; cauliilower, ss. y'toi 75,. Gd.; pumpkins, 35.. per' sack; swedes, v/' : 255. per ton; apples, dessert, 6s. to 9s. por case; . .. cookers,"sS. per case; pears, desaart.

15s. Gd.; pears, cookers, 10s. per caso, Poultry: Table -'roosters, Is., Gd.; cookorels, is. Gd. to ss. fid.; table lions, Is.; duoks, Gs. to 75.; geese, Gs. Gd. to 75., all at por pair; turkeys, gobblers 10d., liens Old. per lb.

LIVE STOCK SALES. The New Zealand Loan and Mercantile Agency Co. market reports for tlio weok ending July 23 aro as follow:—At Apiti on Tuesday- ws had a good yarding of sheep; and a medium entry of cattlo. Stock sola freely. QuotatioH9:—Cull ewes, Gs. Bd.; ewes in lamb, 9s. Gd. to lis. Gd. to lls.; mixed lambs (small), Bs.; wethers, 13s. Sd.; forward steers, JH 3s. 6d.; 2-year i steers, M ,13s.'} fat heifers, £3 7s. Gd. to £i 2s. Gd.: w'eancr hoifors, 305.; IBmonths hqifors, 355.; springing heifors, J»s dairy oows in calf (backward), .£2 19s. to .£3 15s.'; forward (t« calvo), £5 7s. Gd. to £& 10s.; to jC6. Mr. Currie's herd of dairy cows realised XG 14s. An unusually largo quantity of sundries and furnituro made good priccs at Fei, lying. There was lijain a heavy yarding of both slieep and cattle.. Late prices wero well maintained, and a geod sale resulted. Wo quoto:— Slieep: Cull lambs, Gs. 7d.; ewes in lauib, lis. 9d. to 13a. Jd.i small wctiiers, lis. Sd.; forward wethers, 13s. 9d.; stud Southdowjrt owes, on account of Mr. W. \Baker, 31 to 4 guixoas. Cattlo':, Dairy cows, 10s. to ,J!5 15s.

; Mossrs. Dalgety and Co., Ltd., report ns follows:—Wo held our fortnightly sale at Dannevirko yosterday, when thoroMvas a medium yarding of. she«p antl cattlo.. A good demand existed for. all classes, and practically a completo clearanco was effected.' Sound owes in lamb, 135.; wother hoggets, 9s. Id.; mixed hoggots, 10s. lid.; 2J to 3-year steers, 85s. to 101s.; fat heifers, 905.; light beef cows, 755.; empty heifers,- 555... ' Messrs. Dalgety and Company, Limited, reporting on their Fcilding :salo yesterday state that thero was a particularly heavy yarding both of sheep and oattlo, including a largo entry of dairy heifers. Small mixed lioggots, 9s. 7d.; woolly wother lioggots, lis. Id.; owo hoggets ,Us. Id.; woolly owe hoggots, 13s. 7d.; fat and forward wethers, 13s. 2d. to 13s. 9d.; fan. owes in lamb, 7s. lid.; t\yo, three, .and four-year owes in lamb; 13s. 3d.; wcaner lieifers, 31s. (Jd.; eighteon to twelve-months heifers, i! 2 7s. Gd. to £i lis.; three-year speyed heifers, 10s.'; two and a half-year to three-year-empty., hoifers, £2 165..'.6 d.;. fat heifers, w£3 IBs.; fat cows, £3 lis., X 3 155., ss. to iC4 10s.; backward springing heifers, at prices from J3 to .£3 135.; forward springing heifers ranging from il ss. to i 5 7s. 6d.; springing cows, 3s. Gd., £3 10s., X 3 135., XI .13s. Gd., XG, to iG 10s.

Messrs. Abraham and Williams, Ltd., report as. follows:—At Levin on Friday a very largo yarding of .sheep (crimprisin» 2400 head) met with • Keen competition, all classes selling readily under, the hammer at prices in advance of recent quotations. "The cattle yards were also well filled, and, with the exception of a few old cows, all lines, changed hands.. Quotations: Fat wethers, 15s. Gd., to 16s.;' a small pen'of heavy'wethers, 18s. Gd.; forward wethers, 12s. lid. to: 13s. lOd. j two-tooth wethers, 12s. 9d.; fat ewes, 12s. Gd.; forward ewes, 10s.'id. to lis. 2d.; store ,ewes, Bs. Gd. to , 95.; hoggets, 7s. lOd. to 9s. 6d.; four-tooth ewes in lamb, 17s. lOd. A nice j lino of 300 mixed-aged ewes in lamb/averaged' 16s. id. Low-conditiobed ; mixed-aged ewes ' in lamb, 10s/. lldi; cull ewe 3in lamb, ss. 7d.; rams, 9s. to 125.; likht fat bullocks, i! 6 135.; fat cows, £4 75.. Gd; to ,3s.;..three-year bullocks, 105.4 yearling steers, 30s. Gd. ; weaners, 125.. 6d. to; 165.; springing heifers, . £i. ss. to springing cows,. JE6 to £7. ■,

Messrs. Dalgety and Company, Limited, report. on ;their Levin sale 'as followsA full yarding; bf, sheep elicited keen competition at auction, every'fine being quitted well in advanoe of vendors' expectations. A-good line of i -mixed-aged' ewes: made the top prioe—of 18s/ per head.' Other prices were" as follow:—Prime fat ewes, 15s. Id.; others, lis.' 10d.; fat ewes,; 12s. 9d„ 12s. lid., 135., 13s. : lld.;, best wethers, 15s. Gd.; others; -155.; best hoggets, 9s; lid., 10s. I lOd. to Is. Bd.; others, to Bs. 6d.; cull hoggets,! ss. '9d.,: Gs. 10d., to 7s. \ld.; aged; ,feFeeaing owes in'lamb (very poor), 35.; others, to 9s. Bd. ; empty ewes-and wethers, 10s. -Id. lid.'; .-two-tooth wethers (poor), 125.; others, lls.' 2d.; forward ewes, to 12s. 9d.; cull rams, 7s. 9d.; fat heifers, £5 to £5 fat cows, to M 2s. 6d. ; weaners.* lis.'; empty -cows, *£Z 55.; backward dairy cows, £3; aged cob, aged draught gelding, JEI2. K

Mr. Newton King's weekly, auction report, 'dated July *22,' is as follows:—At Urenui, on Monday, there, was a'good-yarding of cattle and a big attendance ol buyers. .Bidding was brisk, and. nearly'everything sold'.at the hammer.at the:following rates:— Weaner steers,_27s. (idi-; yearling'heifers, 275.6 d.; empty heifers, 21,185 Vto : M 12s.'fid.; heifers,- in- calf, 22 19s. 'to : 'ie3-vlßs.-';Cd: jiispringihg heifers, 24 lis. -to ■25 155.; store cows, £2 12s. fid. to £2 17s. 6d.; forward cows, .£'3 2s. to 23■ 16s. ;■ fat cows, 24, 10s. to 25 2si;, springing cows, ;23 17s. 6d. to £7 ss.;'two-year steers, lis. :to"£3 19s;;'18- ' months' steers,; £2 '-5. Gd. to 22 15s. 6d.-; fouryear "bullocks; ifs 'lis.; ;2J-year steers, fat, £6 Is.; hoggets, Bs. Bd.; mixed sheep, Bs. 9d. The same day I-held a clearing sale on account'of Mr. -P. lCeightley, Beaconsneld Road, Midhirst. Early calvers made 26 15s. to 210; late'calvers, £i to 26; very'late and empty calvers, £2 15s. 'to £3 7«; '6d.;'breeding.sows;-'22 2s...fid. to M; 'store pig 3- 13s. Gd. to 175.; mares, 217 to 220; filly, 28; sundries ,at usual rates, At : Bahotu, on . there was only ' a small yarding. Weaners made. 15s. to 265. 6d.; empty heifers; £2 to ; "jB2 14s.yearling steers,'. 355.; in : calf. heifeTS, 23 13s,store cows, 22 lis.;, cows in calf, £2 10s. to 23 2s. fid. On tho same day I held a clearing^-salo. on account 1 of Mr. C. Oliver, 'Mangorai, when there'was a . good at-; tendance of.r buyers. The. cows iwere : -'a-_ good'; lot'and in nice condition, and sold readily, at the following prices:—Early calvers,.26 to 29; late '; calvers, ."23' ss. to 25 155.; springing heifers,; 25; empty'heifers, 1 22 6s. to '22 Is. 6d.; mired'yearlings, 335. j bull, 24/155.) sows, 23 15s.;'store pigs, 21s. 6d.;,Tine harrows, 23 7s. 6d.'; chain harrows, 22 7s. 6d.; disc harrows* 27 10s,; express, 212105.; furniture and sundries sold well. I also held another Sale the same day, on account of 'Mrs. R.Tobin, "The-Kiri," when early calvers raado 26 15s. to 210 55.; lato calvers, 24 to 26 55.; empty cows, 22 ss. to 23 55.; breeding sows, 25 2s. 6d.; store pigs, 135.. to |205.; springing heifers', 25; dray, 27 lOs.'j; sundries sold vat usual rates.': At Stony River, on Wednesday, there was a good yarding of cattle. Young'and store cattle.were in good, demand, and 6old at the following rates:— Weaners,; lis. to ,295.; mixed yearlings, 1 ,305.; empty , heifers,' 22 6s. to 23'; in' calf heifers, 23 ,12s. .Gd.; springing heifers, '25 10s. to '25. 13s. 6d.; store cows, 21 9s. to 22 165.; forward cows, 23 Is. to 23 18s.; springing cows, 23 10s. to2l ss.;,fat cows,'2i 13s. i Tie same day I ■held a clearing sale at Cardiff, on account of Mr. P. Styles. There, was a big attendance of buyer's, .and bidding was brisk throughout. The cows were a good lot and in'nice condition, and made. 25.155. to 211'155.; fat cows, 21 -lis.; pedigree. ; bull, ,213 - 135.;! empty heifers,; 22 2s. .t0,23; springing heifers, 2i 2s. Gd. to 24 17s. 6d.; sows, 24 10s. to 27; chain harrows, 23 - 10s.'; single-furrow ■'plough, 26 55.; brake, 22G; filly, 214. At'Waiwakaiho, on Thursday, there was a very large muster of cattle and a. good attendance of buyers, bidding being animated. Small weaners made 125.; good weaners,- 21s.' to /'2ss;;; yearling: heifers, 335.; yearling steers, r 38s. Gd. to 405.; 18-months ■steers, 22-to 22 13s.Gd.; 2J-year,steers, 23 ss. to '23 Bs.; 35-year steers,- 21 Bs. Gd.; . empty heifers, 22 is. to 23 95.;. store cows, 2l 10s. to £2 135.; forward cows, 23 to' 24; fat cows, 24:45.' to 24 155.; springing heifers, 24 Bs. Gd. to 26 10s.; springing cows, £4 10s. to 27 10s.; yearling Jersey heifers, 23 Is.; bulls, 21 ss.' to 23 ss. '.. ..

• silver, (By Telegraph.-Proas AaaoclaUon.-QoDjrleM.) i j London, Jnly22. Bar silver is'quoted at 23 7-16 d. per ounce standard. LONDON MARKETS. 1 .) Messrs.'Dalgety and Co., Ltd., repori having received tho / following cable messages - from their London'house, under date July.' 22:— Tallow.—Prices in general are unchanged. Buyers-are showing less eagerness for beef and for mixed of good colour. Frozen Meat.—Beef is in very limited demand, prices l ruling Jd. lower, and we seo no prospect of any improvement in the near future. Tho market for frozen mutton and lamb is weak, but without quotable' change. : GRAIN AND PRODUCE. (By JTiilcEtraph.—l'reas Association.) . -. . Christchurch, July 23. Business on the local wheat market is at present at a standstill on account of there being no offerings except small'odd lots. Londoii, has evidently not. responded to renewed speculation in American markets; and exporters are therefore nqt entering into ; any fresh engagements for shipping. '•..'Oats are in much the same' position as .wheat. Any lots offering are readily taken at quotations, but the quantity coming forward is limited. • . . . , In other branches of the grain and produco trade business is reported to bo very quiet. ■

•. ■ ' £: s. d.. £ 8. d. £ n. d. ;• " Bendigo .. — 0 0 85 Coil. Gold fields 1 0 0 1. 0 9 1 0 6 ' Dixon Consolidated 0. 1 0 • — — • Dominion — 0 1 0 0 0 113 Knranni Caledonian... 0 2 .3 0 2 5 — - May Queon ..';.....l........; 0 510 0.511; 0 6 11 : ,'llaoriland - 0 0 8 . 0 0 10 — Mountain King .... 0 1 6 — —, : i * New Sylvia ................. 0 4 0 0 4 1 0 4 1 f \. v N.Z. ', Crown 0 6-7 0 6 S 0 6 91 Saxon 0 .2 2 0 2 5 0 2 4 ;• Tairna Broken Hills..; 0 2 4 0 2 5 0 2 6 7 : Misraan ;...... 216 6 : 2 17.-9.:.. 2-17 .6 Waihi Extended 0 6 10 0 7 0 0 6 9 Waihi Grand Junction 2 10 3 :2 11 0 . 2 10 6 Waihi ;.... 9 4 0 9 6 0 — Waiotahl 0 7 8 0 7 11 0 7 9 Waihi Consolidated ... 0 .5 .8 . 0 5 9 — - Waitangi 0 4 4 vo 4 6 ..0 4)5 ■ Watchman . 0.1.10 0 2 0 — ' Copy of telegram received from the Talis- :. . . man Consolidated by the Wellington Stock Exi change, dated-JnIy-23, 1909 cable • forwarded London 1 —No. 12 level south, progress, SOft., width -of reef 42tn., values low. . No. .13 1 / level eoutli, branch vein north drive, progress 31ft., width of reef 36in., values' lovi. : ' ■ ■...