COMMERCIAL.

Dominion, Volume 2, Issue 577, 4 August 1909, Page 10

COMMERCIAL.

THE SHAMARKET. - 0 :i A'6alo of WestporC&oal at <£6 15s. was re- I ported, and a sale of Westport-Stockton at o 7s - 9d- ivtts mado on 'Change. 'This jvas all J: the "business recorded. The quotations r .bited no changes. Bank of New- Zealand, sellers r £9 3s. 6d.National Bank, sellers £h Bs. ; \\el- c lington Investment, sellers lis. .fld. j i Deposit, sellers'Ss.'- 9(1;'? New Zealand, and River t Platfl, sellers JEI 155.-G(l.; Feildine Gas, buyers c M Gas, 4*lo' paid, sellers JKij « 'National ■ Insurance; •, buyers .£18?.„ ' , i"-®? , .ZealandvJusjirance,tbuyers <£3 Gear Meat, 1 -M' paid, ; sellers 210, 10s.;. Meat Export, third c issue, sellers .£3, Ib.;'New .Zealand Shipping, buyers £B 17s. fid..; Mosgiel Woollen,' buyei£ .£2 lis.; Wellington Woollen, sellers-J!3'ls.; Westport Coal, buven -£G,lis , sellers ~M 17s. Gd.; Westport-Stockfon,. buyers 7s. 6d.,; sellors 85..; Leyland-o'Brieh Timber, sellers ■ ••Jil 2s. v3d.; Taranaki,Petroleum, buyers A s. 6(1.;,-Ward and ] Co., brewery- shares.; buyers -.fil'' 145.-; Welling- - ton Opera" House, sellers .£7 lis. 6d.; Sharland s , .ordm.&y;.!.b.uyer6:j2l os. 9d., ;Mllei£,£l Is. 6d., . prefe'renceY:buy.ers.i£l.ls., 6d. .; ■'r; I. '. ... " .... I • ' THE MINING MAEKET. i < The- market .-was very active yesterday, and a j fair, amount, '. business' was /.done;' Forward ; delivery sales were •plentiful,: - and..so long as ■these /.IbulU'-accounts .are not; opened by weak ■'hMdeft'th6 ü blisinYss"wi'l be'goo,U..vlhe sales recorded yesterday were as under; PKOMPf,.DELIVERY -SALES. :' Dixon Consolidated;; Is', lid. ..f. t Kuranui,,ld- Bd. _ ■■ ■. Kurniiui Caledonian, 2s. Now Sylvia, '4s;i:2d., 4a. - 3d. : \ ( o^Royal'O'ak,fconi.),;3a; : -71d., 43.,j35. 7d.„ •: ; !:Hauraln ; : 65.-_v - • • . r: 1 ,• Tftliamon, £2«18s. 6d;,-£2 18s. - 0d.,. •.», - . 1 Waihi 4 Extended, ,7a'_6d,: s. ■ .. • Waihi GrandiJunotion/ £2.139,. ~ 'Watchman:' 23;' : -8d.v.,Z3.- 9d. : -'7Ross„ Goldfie-da, I 'l?s.,'l7s. : : . ' Con. ooldflclds. 245. . i; ; . ■ ' deferred-- delivery sales. ' s ;, 'Dixon'Consolidated, Is. 3d.,'15.-,2d M -13. lid. (one m Mountain'.King, 2s. (three Sa. (two . m pride'of Waihi, Is. 2|d. (six weeks),- 18. (one . month).;, ' "a-'V ' : '.o ' i Talisman,. £2 19s. 6d. Celeven;wceHsl.. .Waihi Griind,'JuEction,'£2 145.,-. £2 £2 15s. ' 10$d;~- (One>month), ■ £2-' Us. 6d» (two \niontn-)., ■ . •.Wnitangi,\3s. lid. (one month).: : v ■ •?. Consolidated Gol'dflelds. 2«s. 6d. (pne mont.li). QUOTATIONS ■' The followihg are the quotations; with the , .last recorded' prompt ■ deliverables:— :X■' ■■ ■'. ;l ' Buyers. .Sellers. --.'Sales." -• 'i. £ s; d,. £ Is. d.. £s. d. , 'SSm? o Do'nsdiidiatcd..;..; .f j' J 1 0 i.-i Dominion 20 "i ;k u . . Hauraki'Freehold......... '0 0 6 ;..- « » ». ■ Ml Vri r ; Mountain :King;..,.;.V;WC®'. S -7- i ; —• ■' 0..4 3 ' :-± ■: Reliance 0 :.7; • 0 ,a ; 9 , Royal Oak* 4 . » ' j °£ ? , fIIYOTI- 1 ' '* • v. « -*** , v : iT 3 ,' WaihisConsdlidatod 0 7 - c ! :- •.Waihi:vFixt6nded;'"..'.."-"' 2 S'' S il'S • -,S ij ot Waibti Grand function,,2l3 ,0.-:.-2,1J,'0 .2 15 B.v Con.' Gdl'dflelds..;.:.'.A.y...;v''l . ; . i ',,? , V J | j.l Xv Ross GoldCe.da ;•:? ■' 7; *}] £ : 017 0 : NATIONAL BANK OF NEW ZEALAND...., : 1 ■ The'''r : ejort ; t b£-Vth^i Naßonal,Jink r o£ New. » Zealaii(l?i;Ltd;-,for/ the': year ended. ■March 3,; ' .1909,• r-states'ntKßt-^.tiipfiiietV.Droflt^^ter. piovid-. iiig foVibad /aiul'do'ubthil ;debts'.;atid;,inclu(ling' i .Mriv?'rd, anlounts •to 4s diridehd -at- the rateM 10 per cent; per cr.iiuui; paid, in- January;'last,, absorbed. , of : ;«£ 10,000 ,has..beeu placed : ;to preimsw account and; jCodOO. appropriated to, * oav & boii'iis on "the salaries of the staff, leaving ■distribute '• directore r a':.diyiQencl,for. th^,half-}ear • ended M/itoh; ; y>t |1 a^t 1: the ,rtilo ol JXVjp cr cent, >•• peri'atouriivandia' bonuaiof-^^per, carrjr ■ ing : (which,-will ,then. 1 .pensiong fuii'djand carrying forward.'l he » tors'-regret to have to death of their esteemed: colleague, ..Mr/'-Colin .Gtorgo Ross , The vacancy on the board has -been filled by\ » the appointment'of th'o Hon,.'William 1 ember,j 5 Reeves; -:latoV High Commissioner' for,;f.ew Z.ea-v t land. . 1' -' " - -

j , GOLD AND SILVER EXPORTS.

- - - . • • ba . : . .HETUEN FOB JTJLT. : ~ bl r r ThelfoUowing return the quantity and value of gold and,,silver exported from tho ssveral-.pirts' Zealand'during ' tae « months of-July, lSoßj >; and 1903:—- c j, . -'Thogold- output-'.'is.'as ■follows;:—.. v t j, •July, ISO 9. . July, 1008. .Di ■ -■■'. Oz. ' £ Or. . 'A - pa : Auck1and,:;......:37, 497 150.5", .?*<£ M th Blenheim, ...... ~ a 6J , 220 tVestoort 17,592 . _ th 'GrcviA'Oilth' ' BjB4B ' 35,915 . : 0,357 . 24,6/0 gi ■"■SSSedta Uo 6,997" 4-.0U6 16,014 ,n- ---; sSff V!r.vv % -:. .'43//10 «£215,775 : .'.Th'o 'sitYer'' 1 outputfrom>'>AuckliiiJd. : lor - , / July, iWaal'2oilo66z.,. : • r :lfor thS it was; . t • at -''.v'-V v i.The, eiport'Vo!-';goltL'aud silver r !or- the seven | i • 31,; 1909, and *1908 respec- ' lively-., was as follows:— > c | 1 '--1909. . : Gold 2#2,0050i ; .Value i 1,163,156 ta •»m".'"'"" .iValue' . . - 1003. / 7c 1 Gold ......... 29T,037dz. / yalito SilTO n ''' 931,6250z. ' • ;' (o ■ Increase for month in - goldj, 11,4900z.v : Valu'6 :' jc.is,-222. ' Increase ; for .month in . silver, ••: . VfiTeii months m''&'o;d,' 5,0320z., valuS'fifili'SGS. 'i-'fj'. ' : y. ".. , :Hn'cWas6ft"6r sfeeS months in .silver, 92j4.0?0z., .« , ( va , lWiiß7l!2i.- . S ■- : .... ■ i -v'; 1 ife:;'.-/X v T® Taitapu Gold-Estates* Ltd., ' for:-f9«B,"stafe'tbat the dirjctorS-'-have to';re--1 port r 'a-' total suspension .of .'all- gold-mining l operations, -as far as this, coihpany is coni cerned; this; it will be'remembered, is in cou- ■ 'formity -wjth the policy-'e'nunciaWd -at' the last i "ener'al meeting of the shareholders, - and the - jeconlmeildatibhf to carry effect ( by.':them. ;i ---leiiaing- a. ! g "• general reyival of goid-mihihg 'iniNewZea.lana, j ' .it ,iß»ii,at'/iaiteiided J tft. eiiibark any 'filrther of .the. g company's.funds in this dh-ection.*-, llie clirec- • :: tors, ihovrever.-.'.are convinced- that a valuable ,I:, SofofifcTd"'^ill , y^t'l^' , discovered-'oii- the laitapv x, <lsstateS7'.'and!'the , 'f company,: is prepared,- until j- ; iffch"rMvalf : taKes place, to" oife'r;-' 'exceptional - terras to any prospecting Syndicate.which may 3 be desirous of -acquiring rights or: eoncessions. "In the'-meantime, every .care-Ms-been -taken to > f safeguard the, company's plant- and-'machinery, - so that- they, .may be available should occasion - arise for their' use in the future. Although gold- , mining operations-liave been' Suspended by this ' conmany, those of the Golden Blocks Company . , ' have. beeii 'of-an encouraging;oh'aja'cter during . i the'period under review. 'Development work in , 8 connectioniwith' the proving of ithePaturau and '■ Thompson's Creek 'cbal seams was continued , d during the.past twelve montlli arid-a considery able amount of tunnelling and sinking-on. the s 9eam has-been achieved, and'-;the results have ■- 'been-'-of a "distinctly, encouraging--'-, character, j e Valuable seams have been -traced; for great dis,r tances'and trial nits made on thcta'at regular ; „ intervals,-with the result that' approximately • 923 615 tons of coal of a readily-saleable quality n havo: been disclosed, which could be commer- ,° diaily-dealtSvith. Tho directors, ! aeting on:the • '• i-st expert advice, have, however,-recently Ue- '• cided to stop further development work on this coal temporarily for financial and' other rea- - nv The'board.has to repdrt.the sale of -a "further 267 acres, and' is still of-the opinion ~ ' that the - agricultural land is .--improving in value. The tramway laid down by the saw- " millers, has continued to. bo of great service lt for , transport purposes. The-road itself has 10 been extended, and. has proved of great.benefit. ie-. to th» present settlors.': After . H - the 'sawmilling itidustrr on- the-. is now 3- briskly ' progressing and a steady ir revenue to the m; the- w of royJ- ,!-• ties,', which it -i» estimated-will, -.be much increased when the. present depression in the „1 timber trade of the Dominion ceaws, signs of which are now apparent. In conformity with ra the notice given at the last general meeting ii oirciilar was' issued to; the shareholders in °" July , last offering the balance of. the debentures. sin response to this appeal applications in were received for debentures , amounting ■ • making, the total issued .at date Jlll.olU. There "are still'.£l3,l9o debentures unissued.and tho directors regret that all the; shareholders Id have not-seen their way to acquire the whole a balanco of the issuo' offered-'to I 'them. ' J. he as. company, however, not being m • immediate a 1 wmll, ok Junds., the, balance, of; the debentures

has nut yet been again offered for subscription. The company still holds bills amounting to .£4129 in respect of land already, sold,. as well as debtors for .£2658 and cash in ha inil.o' "3297, or a total financial resource of .£10,035, sclusive of its holding of shares in the Golden locks (Taitapu), Ltd;, which-for the purpose E the balance-sheet, as oil former occasions, ave been valued at ss. each.: The directors igret that the period under review has not ■suited in a profit to the company. Current jpenses lmvo been reduced to a minimum...it I anticipated that it will not be long before lie estate is self-supporting, and that tho pro-. Deds of the sales in connection with the laiul jttlement will permit of substantial amounts eing set aside in the iinterests of the share--olders .after provision lias been made for tno ebentures. '• ' NOTES.'. : A return, issued by the Board of Trade, gives , 1 comparison of the trade accounts of various buntries for the three months ended March ast. ; In the matter of imports the United Cingdoin heads the list with £133,2(6,000, Gcrunn coming second with .£92,176,000,' and tho Jnited States third with .£73,982,000, whilst i'rnnce is fourth with .£67,699,000. Tho*ti is a -aviation of this.ordor so far as exports (domesic) are concerned. The United Ivingdom also lends the list in this : connection., witlj 088,732,000, and the other three countries )<ext n order are:—United States, £86,Gi9,000; nGornony, £76,157,000; .and -France, £55,011,000. The year's'operations of the Melbourne and Metropolitan Board-of Works show a net proht if £19,359. This sum will be put into tho relewal fund, which was established last year, ;hus bringing tho total amount to crcdit ot tunc und up to £15,000. ' , By tho wreck of .''the big Cunard steamor slavonin Lloyd's underwriters suffered , the leaviest loss of tlio: year. Tho, insured valuo of tho hull and < machinery -alone- was nearly £300,000, ■ and .when.'she loft Now f -York: .on June 3 for Mediterranean ports, she was loaded ivith a valuable miscellaneous cargo, so that the total involved in tho wreok is about half i million sterling. - 1 . The craze for roller skating in Great Britain has been vigorously : exploited by the company promoter. During the past year 123. companies, with a capital of-"£895,000, were floated/ fho craze began in the 1903, but in a modest way. From April to the end of tho year nineteen companies were registered, with a total capital of £150,000. With tho present rear there has been a rush, and from Januaiy 1 to June U no fewer than 104 companies wevo registered, with an aggregate capital .ot £743,600. In May last thirty-eight companies, with a capital of . £331,900, were registered. Customs revenue collected, at Wellington yesterday amounted to. £1495 13s.- Id. . ' LIVE. STOCK . SALES.'.. Messrs. Dalgety 'ind.CoV report.as follows At our Martori - sale-yesterday, there was a trood entry of.sheep.and-cattle., Cull 6s. to-:Bs.;'mixed: hoggets,- lis. to lls.ud.; wether lioMets,' to 10s. 5d.;. ewe 12s. lOd.; mixed-age ewes, in lamb, to-us. la., 2-tobth wethers,' 'to 12s.' ■ lid.; springing ; cOws, backward,-.'£l 12s. 6d;; to 15s. 6d.r.emptyheifers, -£2 7s. 6d., £2 lis.,; to £3 l'S. ii 20months steers,. £2 195.; yearling hoifeiv.Ms..} yearling steers, £2. ' Messrs. Abraham and'-Wiiliams, Ltd.-, ..report on their Pahiatua sale/ held yesterday,' as fol : lows:—Owing to tho heavy weather prevailing during the. fast few days,' the stock advertised did not .come forwavd; - but tliere was a fair yarding of sheep and cattle, which. realised satisfactory prices. * Sheep : S.rn. _ ewes in lamb,/'l3s. ,3d. to Hs. 2d.; hoggets, Bs. Id. .to 135.. Cattle: Three and' four-year,, bullocks, £5 to £s' : 'lss.-'6d.;- two-Jeari,steers, :£3-; (S.; cows in calf, £3 • 5u." to: £5; forward cows,/£3: 15s.store'Cows, 255. to ..505.; .fat heifers,, ,685.,. springing-heifers, Is: to £6 2s. ;•backward, heifers, ;.58s. .6d;.;, to :80s.; .weaner steers;.;3ls;), mixed weaners;-'193.- t0.285. 6d.." ~1 ',' Messrs. - Dainty' and< Company -reportv tlio; following prices: at their '','Pithiatua salc£: yss;.! terday:-S.m. 'ewes, lis;;. 1 4d.;,: springing ,cows,o £5 ss. to *£G -2s. 6d.;'fifteen to eigiiteen-inonih steers, 125.-: to' ; 50s;; threo and four year stc«ro,; :i 905..t0 108s.; :forward .heifers-,in;'calf, 925. ud. to ,1055.; •'baclcward'ditto;- GGs. to_-775.;_ ' The • New Zealimd ioan "and .. Mercantile/ Agency Company, report prices at.their lahia : tua sale.:.' as'.; Mows '85..-, M; ; springing '-heifers, M 155.; to 10s.; -yearliVs 225/-6 d; t0,285...6d.; .-eighteen-.to .twenty;, four-inontlis steers, 535. '6d. ;-.store i .coj«, i poor,; 30s. to -iOsi '' . ( ' ia - ' 1 Messrs .vAßrahnm. "andi6Wdlliaros.'report' 6_n'j their Johnsoiiville'salo, held yesterday, as fol- • lows;— Owing to floods orily : . iv small, entry. came forward. Good bullocks, ,~8.55. to £8 is.;, gd.; lighter,' £7-155.;t0 £8 2s. Gd;; equal to 21|.; per hundred pounds; good wethers,, / ■ - . ' . PROPEP.TY SALE. . Messrs. Divan' Bros.' report' having sold, 011 behalf of Messrs.; TV-and W.,Young-, block of land at the corncr 01. Dixon. Street and Little Taranaki Street, (opposite the Manners Street Police Station) to the Amalgamated Koyal Pictures Svndieate, i.Meesrs. Linley.-and Donovan and West's Pictures Company having combined together for the erection of a new theatre. '-.The. section, has-a frontage or-iolt./to Dixon -Street' by a depth - of • 160ft;-r The 'price paid.v;as £8750 or £125 per foot,: which proves that land-, in this locality'is-rapidly: rising lr .valiie. in. spite- of the depression; ' < The new theatre -will be immediately- erected, and will give employment i to , a: very large 'number; pi men, as the! new.-.pvop'rieiors ir the contract that,as mai,y men as: possible ar< to -be engaged on'.the,, building. :. .; . '