COMMERCIAL.

Dominion, Volume 2, Issue 579, 6 August 1909, Page 8

COMMERCIAL.

' ' : : THE SHAEE ; 'MARKET. ■"; ' For the second day in succession there.were no transactions-in investment stocks yesterday.The only change noted in the quotations is an advance in.Taranaki Petroleum shares Which were'in demand at 8s; 3d. y«sterd?y afternoon.. Bank of New Zealand, buyers £0 2s. 6d., sellers 45. ; New Zealand and Eiver Plate, bnjeib £\Us., sellers £1 15s. .Gd.; Wellington Investment, sellers llsi 9d.; Christchurch- Gas, buyers 55.-; I'cildiug Gas, buyers £1 os. 9d..; Napier Gas, cfilO paid, sellers X 24 j New Zf a H ad J"i "' aaice, buvera £Z 18s.;- National Insurance, buyers M Bs. 6d.; Standard ■ Insurance. iJ»yer« £1 35.; Christchnrch Meat, £2 paid, sellers Gear Meat, £1 paid, sellers JE2 d l2s. . 6d.; Zealand Shipping, buyers ■'£& rlSs-.,: sellers 195.; Mosgiel Woollen, buyers v£2- 14s. M. }-, lington .Woollen; sellers '£3' Is.; Westport-,, Stockton ~'Coal, - sellers ,Bs.;, Taupiri;.-Coal, buyers .£i>-os.- 3d., sellers O'Brien .Timber,- sellers >£1.25. 3d.;.New.Zealand ..Drugs,' sellers- £2 ,75.. 3d.; New. Zealand Portland ■ Cement,' buyers ■ Is.; : .Ward .and, Co., brewery: shares;-buyers £i Us.,. 175.; Sharknd:s' ordinary,..-buyers ;il':..os. .6d.,, sellers '0s! 9d.;-Taranaki Petroleum,;.' buyers Bs.'3d.v sellers 95;.6d.. ? , , : ' : ';.■;,;.' : '-'-: : ;v :^: 1 | '■' ''■ v -;TnE:MININ.G*MAEW.:/;:^:-;:: l i: ■'.! The market was dull'yesterday, and-compara-■tively.,few,,sales,'werei.Wade.'.- : ■•: v : ~ i \. , ;;. ■ 4 : ', '■ PROMPT' i>EI/[VEET SALES. ; ■''■'' | Mountain ; Kine, Is. ild., Is. IOJd. ■ Pride,of- Waihi, In.- 3d. ' -. ■.'■•— ; ■Saion, 23.• sd. -, ' ■■. ■ .' .•:'-.-■.', '> Waihi-,Consolidated, Ss. 6d. ■' ■'' .y ; ; -.-'"'■""•■'DEFEEEED -' DELITEEt SALES. , ~"■'. '■'■Dixon Consolidated, lUd. (one month). ' ..Consolidated G01dfie1d5,.275.,.275.,- 275., 27a. (two m The quotations with the latest recorded sales were as under:— '*,' - , _\ - ''„„; ; v .. -.. ' ■-. . .-■-■ Buyers. Sellers. .Sales. .-' ::,'; . , : .■■• ■■ ; £s.d. -£s. d,- £e.d^ Bondigo ..;.....: '. ..'.-'-.0.0 .7;-..•'• - .. . - Dhon Consolidated ,- 0 0 11-, .:..- Dominion',. ~..•.......'..■......■.. '-■ - '0,0 10 . ■ - Kuranui ..,.....:,. ...:.. 0 110 0 2 0 - Kuranui Oaledonion ... 0 2 1 0-2 4 ..,.- May, Queen ....;.............. 06 2 064 - ■ Jlaoriland ■•.......;......!..;.. , - ■; 00 10 fl - Monntain King :::... •".'-. -.- 0 11} ■■° *■ 10 * N.Z. Grown-.. :.■- . - o- -T 1.- ; - New."Sylvia 1. '-J --J.f - ■ Neatiawa ...;. -■ .. » J J-. .T., Old Hauraki .•.0 1:9 0 20 >- Prido of Waihi ........... 0 1' 0-' 0 .1-2 ;, 0. 1 3. Kbliance » 0,7 0 0, 8 . . - Eoyal Oak :.:...:..... : 0 3UI •"■ -, . . -• '. Saxon ....:.. ■■'■■■■■■ 0 2 4 0 2 5 0 2 5 Tair" a "Br'olcen-Hi115.... .0. 2 9 .0,211 ,-: Waihi Extended ,:..^:..■ 0- 7 ; 8 .0,7 10. ■-,-.■■ Waihi Grand Junction 2.15 0 WL : ,a i~ . Waiotahi .:..,:;.;:..; :. O'-:7 5 0.-7,--|: .. - Waitangi .....;....;...........: 0 4' : o- .0. 4 3 - ! Watchman .0 2 8 - ...•'.-. 'Con'.-GoWnelds -l-J \ ;■•■■{ \\-' -■-■■:. Keep Tit Dark ; ..'...'......,... 12 3, '.-1.-J.J .-,- V New "Alpine (cont.). 0..f:-J-'., °: 7 -, 0 ' H'.Progress ■'"' "'■"..'..!......"... 016 0 ;"~ . . .■T..; 5 Goldfields •... ;:o;i7 .0,0 18,0 :....-,■:.-

.".' JAPANESE-BANK J?OR AUSTRALIA,;.'-*' , ! According-to ..the'. "Sydney Morning. ; Heraid," '-it■'is 'understood-'that the .Yokohama, bpecieBank opening- , a branch in !,\us-tralia'.-V-In- Japan there: are.'t\ro. classes- ot banks, cither ■S6mi-Statq>. or -prirate,.: and/.the Yokohama -comes under!--. the.'. : former category: So. though-smaller it ranks with the Nippon Ginko,'or Imperial Bunk, which was : foniietl as : n limited company in,lBS2, with\a capital of .£1,000,000, and has in the meantimeincreased the , capital-t0'.'.£3,000,000, of which onc-hulf. is held by the Government.'..• The .liistifution is authorised Jtoissuo notes: to the amount, ol 12 millions : sterKng on tho-basis'-of '.security repMsented by stocks of coined or uncoined roUI and silver, and the bank is' organised,- as all others, according to Hio Western .pattern. Ihe Yokohama Specie' Bank was constituted in 1880 with a o'apital of .2300,000. which.has since been advanced to two and u half lnilhons..', It lias four branches,>at Kobe.Tokio,',Osaka,,;ana ■ Nagasaki ' respectively, whilst- seven are. located in-Manchuria, .five in China, and one at 'Honekong. In addition. , to , these.: the bank maintains a branch ii\ Bombay for the cotton ■trade, throe branches in NeHvYork, San .Francisco, and Honolulu ;resiiectively,,and one; each in' London and Lyons.' The; bunk: meditates the ."establishment :pf,?branches:-i:ifl.... D6rlin,' Hamburg, and aim is the. only Japanese '.bank! r,epresen ted.v.abroad. •'The Mortgage Bank-was founded in .IaOG. with, a* , capital-of -ill^OOO,''for!the. purpose of assisting ■•■'agriculture :-. f and :■■ jndustrjy- although bther:banlcinß : operations'are also undertaken. The Industrial-Bank, 'whose object is the mediation ' of foreign loans, was constituted -in iaO2, v 'the original shara ■ -capital: of , .JiI.OUO, UU hKving : since-been raised to;. JE1,750,000.,i 'Ihe iiftli semi-State bank ;s the .Bank of lorinosa, which -has 'a capital'- of yCSOO.OOO, aqd has a moriopolrof "the 'issue' of paper money on the. islantL; :■'.:■;..'"„■■■' .-..:-,!:■: '. / : -.'■.. .■ '..'-..(•-'..-

■:;'' : A OCEANIC, STEAM NAVIGATION.;,;;'' ■ The '.report of tUe'-Qceanic Steam -Navigation Company, Ltd. .'(White Star Line),' fofv the; year ended December 3VIOOB, stated .-.that tho accounts showed a profit'on tho: years wprkiu" of .£2990i1, to which shonld.be added the balhnco brought forward - from ,1907,. amount-, ine-to' ",£519,448, Vand,interest on'■investments ,£OSOO, making a total of JEG25.630, After deducting debenture and general interest, < direc-itors'-fees;- 'income-tax, .etc., and writing off £110,832 to depreciation rtn fleet, wharves and furniture,'.there remained a balance of £n},a>i, out-of wnich a-diyideud'of. .£75,000, wing at the rate of 10, per cent.'.pcr annum, wasi declared on March 19 ..last;-- -leaving' ~£36,203 at. tho credit'of profit and loss account to.bo carried forward. \ In:. coninioh ', with senger lines in'.tho -North.'Atlantic and-,Medi-. ■terranean trades;'the .company,; has, suffered ■ a considerable diminution, in i ts.' erirmnga,; Rowing to 'the unsettled-state .'of financial uiattqrs consequent upon .the-crisis •in. the .United-States in' the year .1907, xhich'-h'asßesulted re-: markablo shrinkage'.in the' carryfngs during ■ the year;-1908. , Aiconsiderablo improvement is i anticipated'.in, this feature, of the -company's business ..duriiig the current 'year. -To enable'4he, company ,to. be.;.'f«Uy eciuipped to meet tho demands of travellers,, the directors have•:contracted;.with.. 'Messrs.. Harland dnd' Wolff; Ltd.; for of two' large" passenger/steamers.; for; the -bontn-ainpton-New .York-mail.service, to be-named the "Olympib" and .They will, be the largest steamers.in : the world, each vessel being about .15,000 tons gross. - The. directors deemed' it advisable, in view.of .the largebmlding programme 'adopted, to /create; a- debenture issue of four and: a.ihamper: cent, debenture bonds,: of which one-half-namely,. issued for public subscription in -October-last.,'. Low rates- of ■freight .have "prevailed throughout-the year. .!:. .

v ' ; "'. 'BRITISH , TRADE.; . \ .". A, Blue-Book giving the annual of the trade of. the United Kingdom with ■foreign; countries and British possessions was issued in ' June. With regard to imports,-thei values represent cost, insurance; and freight,; or nhen goods were consigned for sale, the latest sale lalue of such- goods.- The, values of:the exSrts represent.the cost, and ">OW* f.o.b. The values of the: imports-and-exports for tne past five years compare as under:— Foreign-; Countries. •': ■ . ;''■ • '."'.■'•. : .Imports; , ; .'Exports:; ' ''Tear '<£~.■ '■'■■ '■' ■* ■ ' ■ .' : Wt\i' 431020 222 ! 188,773,170 - M 905 ■" 437151191 216,378,803: W66 "I 46M3 260 SSWoU 1907 ..< 458670 888 ' ;■ ®S,m,W : 1908 V ... 463,125,429 ■ 251.349.p79, The following figures show the value of the total imports and exports of merchandise from and to foreign countries: and British pofsessions (including ~ protectorates).. respectively:— ' -.Foreign,''..;■; British >'Gross;. i- .■.■.,'■ countries'. , possessions., totals. JsoT 681252 047- 2-10,801,902 922,053,949 905 -."■ m&m'-. '250 581646 972.616,444 908 S 795 754 027: 272,812,291 1.068,566,318 ion 7 mtmwi 304,591,135 .- 1,163,785,109 jinn- ": f -wm : - .5;725: mbuhb i Under- the head tf exports of foreign and colonial merchandise- are included not only such goods as are in transit through the.country on a■'thorough bill of .lading (except goods transhipped under bond), but also all goods which have not had their value sensibly modified by any process of refining or manufacture, whether they, have remained in" warehouse or otherwise during their stay- in' ,the.-. United, Kingdom. Goods which have merely been sorted, rapneked, or blended are included. Goods which havo undergone any other process, however slight, are included under tho head.ot exports of the produce or manufacture of tho United Kingdom, as are also all goods exported by parcel post.: • ■ , . , .'Customs revenuo ■collected - at Wellington' yesterday amounted to .£2BIB 18s, ■ 10a. -. '. ■ LIVE STOCK SALES.' Messrs. Dalgety and Co., Ltd.,: as "follow^.—At our Palinerston- .tain;, .yesterday, there was only a small'yarding of sheep and cnttle owing to the rough wet weather.' Quotations: Sheep: Forward wethers,- us.; tat wethers, -15s.'- 10d.; three to three and a halt-: year steers,- £5 Is'.; bacKwai'd springing cows, £1 15s. ( September oalvors, Xi 15b.; light fat bullocka, £1, ' , .

Messrs: Abraham and Williams, Ltd., report on their Palmcrston sale' held yesterday, as, follows'.-Entries in all departments wero-be-low the average, only a few sma .lines coming forward, which' sold ■at the ' following quota-tions-.-Forward wethers, 12s. Bd. to 13s. Id.; hoßgct-s.iOs. Bd. to-.115.--2d.;--emall i hoßßeter7e. Od.f springing cows,. M 10s. to, 155.; cows in calf, ,£3 2s; 6d.. to £3 15s. ■ The New -Zealand Loan and ■ Mercantile I Agency Company, Ltd., report stock sales for the week as follow-.-At Himitangi. on Mondav, in spite of-the rough weather, a henvy yarding of both sheep and cattle,came forward. There was a -good attendance of buyers, and alt classes of stock sold ; well, m a good clearance'.resulting at lato rates. On Tuesday they held' a clearing salo of dairy stock on .be-.--half of: Mr. Gordon Bennett; , There was keen competition, and the whole herd averaged Ac Mper head. - At Paltnerston yesterday there, was lonly-aivery small entry owing, to. the rough weather. Quotations:—At Hunitangi: Sheep: Hoggets, 10s. 2d. to, 10s.. 14.; fat-owes, - 13s. '6d.i cull ewes in lamb, 6s. 3d. to- Bs. 9d Cattle: Weaners, 275. 6d.; forward cows, £i 10s. to .£3 lOsl;-backward heifors in .calf, ;£i. 2s. to £2 10s.; springing -heifers, £1 55.. to;- XI lo s . 6d.; backward cows in calf, .£2 los. to Ad 10s.; springing cows, .£i-, to .£8 -7s. Gd.r. fat heifers, £3 19s. Gd.; fat'eows, ~£4 Is. Gd. to £i iOs.; two and a half year steers, £1 10s. Mr. : G Bennett's sale: Early calvers, £7 to ■•£11; backward calvera, £5 10s. to M 10s.; bull, £5 10s.,- spring' cart, .£18; six-year 6pnng ; carter, £20; store pigs, 255. to 305.; sow.aud litter, £5 15s. Palniorston, North: Cattle: EttpW young cows, £2 175.; mixed yearlings, 29s 6d.; springing cows,- £b; springing,heifers, ,£5-55.; forward cows,.'.£3- Is. '. .'■ ;,

FRUIT AND PRODUCE REPORT. , The New Zealand Fruit and. Produce' Company, Ltd., report under date July 31, fruit and, produce: prices ruling for tie; week-m their market as follow—Potatoes, ,45.',,9d..t0..55., 6d.. cwt.; seed' dates; 6s. to 7s..cwt.; onions, ss. to 7s. cwt.; lettuce, Iβ; 8d; to-3s. case; spinach) Is. 9d. to 2s. 6d; case; swedes,'.,ls. Gd. to. Is. 9d. sack (cwt.); brussels ' sprouts,,, 75.,. to Bs, case; carrots, 3s. to-4s. sack; parsnips,- 25. ; to 3s 6d. sack; pumpkin, 3s. -to 3s: 9d.. sack; cauliflower, 45.-.to Bs. Gd.: 6ack;'<turnips, Is.'ed, to 2s. sack;, beetroot, 25.-Bd.-to 45.. 3d. sack; marrow, Is. to 2s. sack;-cabbage,,2s. to 4s. bd. sack; meadarins, ss.\ to 6s. 6d.; lemons, ■ 7s. to 95.; pears, dessert,- .401b.,■. 12s. to 165.;, : pears, ordinary,-65.. to 75.,, fid.; pears, cooking, .65.; ; to, 85. , ; passion fruit,- ,ss. to 7s. box; pines, : Bs. to ; 9s • 6a.; apples, , extra ■ choice, '• Jonathan or Dougherty,-Bs.. to 95.. 6d.; . apples;..-medium,. ■ Jonathan* or v Dougherty, ss. to 6s.■ 9d.;-, apples, cooking, Epps'Seedling, 4s. 9d. to 65.; apples, Wolsleys ot Washington, «k.to, Bs.; apples.-Tasmanian Scarlet Pennain,;9s.; apples, Sturmera, 7s. Gd. to-SJs.' 9d.; apples, Stone Pippin, 75.; apples, -Russets, 95..; island- oranges,;. 4s. to Bs. 3d.;-eggs,-/fresh,. Is. 4d.. to Is. 5d.; hens, Bs.: to. is. pair; turkeyßj 9s.- to'-.lOs.vper. pair; ducks; 55.. per pair; chaff,..-43-.to £3 10s.; bran, 9s. per-sack; oats; 2s. 2d. to 2s. dd..per bushel;'peanuts,. 20s. to 225.--sack; .preserved ■ginger, 6Jd.. per, lb.;;< walnuts, 4d.-to 4Sd..pcr lb, I 'V. : ; \TH : EMETAL' MAEKI3TS;, ;:';' ..' v, '(By ' ; Tcleeripb'.—l'rcM Aaßoclntlon.-Cqßyrleht.l ■ '.' ' -'i ■ . ■:.-■■- '■ -. London, August :i, ■■■'. ':'''Copper;-On the spot, isS.lss. per.ton;.three months,-- .£59 • 12s. . Gd:'; ■•'electrolytic, JW Ss. J supplies, '41036' tons;-deliveries; 31,856;\ stock,', 76,559! afloat, 4900. . !-■ ,' ; '■' ', !',' ' ;, Tin.— Spotiw'JilSa 17s. 6d.;'.per ton; three, months, Xl3s^ss.;st_ocks,.-;20,. r 66C4; : afloat, 5707; deliveries, 2435. ...; : | ;v-Lead,-^l2-115.;.3d.;-V ...-■„,.. ■:..;.-. ', .'• ;■. \. : - \ I ' lo^^'- -^v'i^ ;, ■'/'•■• ' .': ',".•.' .''•'.'■■::-. : , London, August i. ■ The stocks-amount- to 4099. tons;' imports,' 3091'.tona; deliveries,.2B23 tons. .. '■:•"• ;; ■ AUSTRALIAN .PEODUCE. (By Teloer'apli.-l'ress '.Vsao'clntion.-Odpyrliiht.) ■■■■. .''.-' ; (RecV-Augus( 5,.; 11.25 p:m.)^■;■;;'..;; '■> '. ' : ,'r : -' ;■- Sydney; August.;.s.:-,', : Wheat, .ss.- ,2dl Flour; -JC.I2 ,10s. ."Oats, Algerian feeding -'2s. 3d. to: 25.. id.,. Tasmaman; white 2s. 7d. to-2s. Sd. parley, Cape 3s. to 3s. 3d. Maize,'3s. lid. to. 45.,2 d. Bran, 55.. Pollard ■ :£i ■ 15s. Potatoes,. ;Tasmanian. .£6.: Onions,- £$„■ Victorian' .EG, ;10,C-to:;d!7,, Japanese ! ,C9. .'Butter,'HOs. ; to 116s. -Cheese,'7,d,: Bacon, ~ '' ■ . . i.Moibo'urni),:'.;Augn'stvs.'Wheat,' '4s.'.'-'.9d.- to. : 45. ; , 10d; Flour,-, JBIM.IOs. Oats,' Algerian, feeding ls.-9id;,.milhng-l9;:10d., stout'whites12s. 3d.--to 2s. 4d. ,Barley,: English, maltins 35,, 9d.,,Capo - malting;,2s. :■ 9d... Maize,: 3s 9d 'Bran, Wd. Pollard,,ls. Potatoes,-.•■Jβ* 5s to £A 15s. Onions, £hf>i.. to £i 15s. .. ' .' -. :•' V--■••:■'• .-'..■,' ■...•;': Adelaides-August r 5;--v, ■ Wheat;:\4s. 'lid,iXFlouis Oats,' 2s. 3d.. to'; 2s. :'4d... Bran, 41Jd- . .IS. ld/v:;. : T^-■-i.-'.'V ■'- v :■■ .Viv.;. '<', i.'-'';,

(By Telegraph.—Press. Association.—Oopyrletat.l , _;:.;. .'.'' >•! ;'..."'■. :-'- ; . 7 • Melbourne, August;-5/ ' ■'■ In the hides marked thero'was'good, compotitioh.- Supplies; were moderate,; and prices: wore firm.. ~',... ,'v: ' : .'' ■ KJ V-γ '■■ C.C.AND" D., CO.- / ■>:..;.';• ' . '"-. (By Toleßraph-rPrees Association.) \..' ': ,'.■'"■;." .^-''j'.'.■■■:■!.'■■;• . \ Napier,,August.s.. The C.C. and D.'Company, London, to-day cabled the following report regarding, the frozen, meat market:-"Further falls in,value f of mutton and lamb. .To-dav's/ quotations: MuttonCimterburv "2|d.; NL Is aud, 2Jd. Lamb—First qSa™fd. • second, .Sid... Beef-Hinds,. 3Jd.; fores,. 2jd!..■;-,■ V ~-/', ■ ■ . / ;; ■ ;.." ■Mining'neW will, be; found onipage 6 of' this issue.; .-. : '-.-.■,■•'■.'' ::X : ' ■ '-■ j ■ '''■'• ,* ■■ -.'': -..'■';',.;