COMMERCIAL.

Dominion, Volume 2, Issue 570, 27 July 1909, Page 8

COMMERCIAL.

-.'■■■' . ,THE .SHARE MARKET.' / . "Sales of Bank'of New Zealand at X9'3s. 6(1.,. Westport-Stockton at 75., and Loyland-O'Brion Timber at M ...25., wore \ reported yesterday. There were ;very few quotations. . Bunk of ■New Zealand, buyers £9 2s. Gd;, sollers .£9 Gs.; National Mortgage, sellers,: .£3; Feilding Gas, buyers, Xl-os.-6d.j Meat Export (third issue), sellers £3 Is.; Taupiri Coal, sellers, £1 Is.; Westport Coal, buyors, £6 9s. Gd. i WestportStockton, buyers 75./ sellers 7s. 5d.; Wellington Opera House, sellers 17s. 6(11 ::■[ .. .'■•■-.■;'■■: THE MINING MARKET. ';: ' The' market was very animated yesterday, and a wide range- of shares received attention. Junctions, were in active demand, and quite a number of sales were inado both for prompt and forward delivery. At the morning call sales of Waihi Grand Junction at *E2 17s. 9a., Waiotahi at 7s. Bd., and Waihi Consolidated at ss.Bd. were made on 'Change. The reported sales .were: Reliance, 6jd.; New Big Eivor, £'2 11s. Gd.; Waihi Grand Junction,'-.£2 155., £2 15s. Gd., £2 17s. 3d.-; Waihi Consolidated, Bs. 7d., ss. Bd.; Maoriland, 9d.;, Koyal Oak, 2s. OJd., 25. , Id. At the afternoon sitting Tairua Broken Hills eold on 'Change at 2s. Bd. and 2s.' 9d. The reported sales were: Consolidated Goldfields, .£1 os. Gd.; May Queen, ss. lid.; Waihi'Extended, 7s. 9d.; Waiui Grand June-' tib'ni'^2.l7s. 9d.; Watchman, 2s. 4d. The quotations, with:the last recorded.sales, were as under:— ; ;i :..:: ' ■ ' ; ; . ■

J :; V ; V'VNEWI ZEALAND LOAN.{ . / , . . I /Borrowing operations (says the "Westminister Gazette" of June 15) are certainly plenti'ful enough just n9W, and of late:an immense amount of money has .been absorbed'by loans and .appeals for capital both on.the'part of • new undertakings -and ; concerns already in latest issue' is that of ; the Chinese 'Railway' Loan, while 'the latest prospective borrowing' is that of New Zealand advices from , Wellington, intimating that a Bill for;,6upplies has been\intrpduced_ by the Pre: mier-. until -Y- Parliament^"fre'.assemblps,".(which' amongst'' other, things;-for a loan of a-million and'ia:'quarter .'sterling,' of which a million is' for the purchase of native lands' and a quarter; of-a' millipn'for railways; /No. particularsVare-'y:et*;t6*;'lia,nd! : as' to "how and : whed the money to be;raised,,but it is likely •to be soon; ; It ; .is..some .time since an' appeal' was' made by- this'colony,-.and perhaps.; the 4ss"ue would be in the . form of debentures,, as was end-.of ,1904,Vwhen a: million sterling was: , issued ;in 4 per cent, debeuturee at*-par,; holders- being given the option of' cbnverting','into'v3i per cent, 'inscribed stock of ,the,.colonyjat various, rates, the ■ period in':which ■ such- conversion ' can •• take place extending'to ■December; 1911;! :''/■/■

Customs revenue collected at Wellington yesterday amounted to £1077 0s 7d HIGH COMMISSIONER'S CABLE Tho Department of Indjstnes and Commerce has received the following cable message from the High , Commissioner, dated London, July 26- } * ' i

Tho mutton market remains \ory depressed, and pricesr are not likely, to advance at piesent Canterbury is quoted at 2jd per lb, and North Island at 2Jd per Jb

: \Th'e ; lamb rriarkettis very; weak. ",The attempt tojfiriri;tho'.market.by..adva'iicing prices ;.w;as .unsuccessful,^■', as-•the-'-'agreemeiit'.. has.j not: .been' rigidly.'obseryed. V: It fis;considered'useless-:tp-make- further'attempts;, as., supply-exceeds: the demand."'Canterbury.'is quoted at ■lb., ; and North Island at 3id...per , lb>-:.'..-.V .-;. The beef market is .weaker, and .there is a downward tendency. -Supplies .p£ / American. cMlled-.ibeef : are large. '..':■ ;,';... .:.', ■■ ...-■; .' . The butter-market is steady; and prices are well ; maintained.- There is little .doingj' but godd;feeling':pravails. - Nominal choicest New Zealand butter, per cwt., 108s.; Danish, 1135.; :Sibenah;"-10ps;,*/ : ; ".':'::?' ■'■':> ■ -' ' .-. 't :/■■■'-■-\y .The cheese market is firm, with more .inquiry. New Zealand; 625.; Canadian,, quiet, 58s.' ' '.■:■ .;'.■:.;■.■'.••;.. •'.' ■"■ The hemp market is firm, owing to reduced supplies. ■''.- New Zealand offerings are very small. '/ New Zealand, , good, fair grade, on spot, per ton, .£24; New Zealand fair grade, on spot; - per ,ton,- ,£23; forward shipments at same -price. 5. Fair current Manila;•.. per ;ton, on. - spot; i£24; -forward shipments, 15s. It • is' reported, that Americans are: again-buying more ■ freely!- Manila , output, 27,000 bales. : The cocksfoot seed market is very i dull., Can;hot .quote.;-■ > ! -: : ■-.■/■ I'-; ;;. ■■■ - , '. '.' -, ■

.': HIDE'AND SKIN REPORT.. ; .': Messrs.; Dalgety and ■ Co., Limited, report itheir .monthly -eale of wool, : 'skins, •■'■ and ■hides,, lield -on' Friday last.They offered a large catalogue. of all classes to. the usual < at-■tehd'ance-,'df buyers.; 'The report'adds :—Wool: Out , .offering, under this head consisted principally of.'medium .and inferior, crutchings, 'which, eold' 'at '• id. per- lb'. below . last _sAles rates.' Crutchings, medium, 4|d. to sd.;inferior, from'3Jd. to 4Jd.;' pieces, 3d! to3Jd.;dead 'wool, -'ijd.; xrossbred inferior, sjd.- to !6}d.;, locks, from 2d. to 2Jd.; black wool, 4Jd. Sheepskins: Prices "were lower by id. per lb., and '. green, skins were Gd. per skin.lower than, last sale; crossbreds, from' 6d. -to 6£d.; halfwools', ■ sJd.'. to 6d.; quartefrwools,! 4d. to 5d.; felts, 3|d./to 4d.; lambskins,. 4Jd. to 6d.; dead, rom i\i- -to• 4Jd.;• dead hoggets, 4Jd.; crossbred, damaged, to 4d.; quarter to half-wools, damaged, from s 3id. to 3Jd.; pelts, damaged, lid.• jto:-'2Jd.-;:butchers' crossbred,, at. per piece, '.light, •'from'-'Bs. Gd. to. 45.; medium, .from. 4s. to 4s. 9d.; heavy, ss. to. ss. Gd.; lambs, 2s. Gd.to 4s. Hides: These sold wejl at a slight increase on last sales rates. Medium ox, s|d. to 6d.; light, sdl to 5Jd.; cows,best-lines, s|d. to fsid.; good, sd. to 5Jd.; wet and sloppy, 4Jd..to '4Jd. ; ; cows, cut, 41d.; slippy, 3d. to 3Jd-; yearlings;' sd: : to sjd.j horse hides, to 55.-'6 d. each. 'Calfskins, Veonnd, 7|d.; cut, 4sd.; 'slippy,"'3i' ♦Sundries r Tallow, in tins, 18s.; rough fat, ,12s, :3d;j'-horsehair, Is. per lb.; cowtails, Is. ■'per ; dozen.- ■: V. V ■:'■ ■ . , \ ;' M v 'THE FROZEN; MEAT MARKET.; V-. '(By Telegraph.—Preas Aaaoolailon.— Oopyriehl.) : :'-V\. : i- -.-■' •'■•'■.■■ : ' '''■ llondon,' July 25. I .'The. Frozen Meat Trade Association's Smithifield-• Market quotations for. the .undermentioned classes of frozen meat ' are based on actual sales of not less : than one -hundred carcasses of mutton or.lamb, or ,twenty-five carcasses ofbce£-of fair average quality.. Theso quotations; l are not for selected'linos, but for parcels fairly 'ropresentative' of-the bulk of the shipments now on the market:--; /.

Fair inquiry for autumn dolivcry; Sjdnoy, about 13s. C<l. 0.i.f.; Melbourne, 12s. 6d. THE METAL MARKETS. (By Telegraph.—l'resa Association.—Oopyrlcht.) London, July 25. Galvanised iron, best brands, .£l2 17s. Gd. por ton; second brands, JJI2 12s, 6d. Tho fall in prices is duo to tho breakdown of the combine. Tin plates are'quoted at 12s. 7d.; i.e. coke, 13s. 7d.,'charcoal tramway lails, £S; tißglo steel, J£s Is.

INVESTMENT STOCKS. \ (By Toleeraph.—Press Association.) . Dunedin,~July-2G. Stock, Excliniigo quotations:—lnvestment stocks: National Bank, sollers £5 10s.; Union Steam Ship Co., solars £1 Us. Gd.; Westnort Coal Co., buyers JCG 95.; Wostporot-Stockton, buyers 7s. solloi-sßs. Od.jNew Zealand. Coal and Oil buyers 9d. ( Alilburn Lime and Cement (<£l), buyers J!l 55., sellers JSI 75.; Milburn Lime and Cement (10s.), sollers 13s. 3d. j New Zealand Drug Co. (.£2), sellers £2 75.; Donaghy's Bope and Twine, sellers £A Is.; Sharland and Co., (pref.), buyers £\ Is. Cd.

Buyers. Sellers. Sales. v. £ s. d. £ b. d. £ a. d: Consolidated Qoldfielda 10 9 116,106 Diion Consolidated ...... 0 1 15 — ■ — Dominion «. 0 0 8 0 0 10 — Kuranui.. Caledonian ..... — . ,0 2 5 — May Queen 0 5 85 - '. 0 511 Mnoriland s 0 08 0010 009 Mountain Kine -.< 0 2 0 - N.Z. Crown '. — 0 6 7 — New Big' Kiver - - 211 6 New Alpirio (9a. 3d.pd.) 0 7 3 - - New Sylvia - 0 4 0 - Prido ■ of Waihi 0 15 ,0 17 - Eolianco - : .';.........;......... 00 6 ,00 80 065 '.Royal Oak' ......;. 0 2 3 — . 0 2 1 Saxon ■ : 0 2 3 0 2 4 — ■ Taima Broken Hille ... ■ 0 2 9 0 211. 0 2 9 Taiwan 216 3 217 3 — Waiul Extended 0 710 0 8 0 0 7 9 Waihi Grffcd Junction.. 2 17 0 2 17 9 2 17 9 Waihi, •(" ' - -9 9 0 - WaiotaW 0 7 6 0 7 8 0 7 8 "Waihi Consolidated 059 - Waitangl 0 4 31 0 4 4 - ■Watohinan ................... 0 2 2 0 2 31 ■ 0 2 4

July 18. July 25. MUTTON- (I. d. Canterbury, light .:... 3 2 15-16 Canterbury, medium ......... 2J 2} Canterbury, • .....„.'.... 2J 2i -Southland. .*. — — North Island, best 2i 2J North Island, ordinary . .„ 2j 2} Australian, light 2} " 2 5-16 ' Australian, heavy 1 2| 2 1-16 River Plate, light 2* 2J River Plate/heavy '. 2 3-16 •■ 2 3-10 LAMBCanterbucy, light ;. 3{ 3 13-16 I Cantorbury,. medium 3j 3 3-16 I Cantorbury, heavy 3J 3 Southland ' .;. •" .'.. 3J 3} North Wnnu, selected .... 3| 3i North Island, ordinary 3j 3J Australian, best 3J- ' 3j ' Australian, _ fair (...... 3J 3 Australian,' inferior '. 3 2} 'lliver.-Plato 3i , 3 BBEFNew. Zealand fores ,2} • 2} New Zealand hinds 4 4 Australian, fores 2j- 2 0-16 Australian, hinds 3J 5} River Pinto, fores 2J 2} Riv.r Plate, ,hinds i 3J RABBITS.',