COMMERCIAL.

Dominion, Volume 2, Issue 585, 13 August 1909, Page 7

COMMERCIAL.

INVESTMENT.. SHARES. Sales of New- Zealand ar.d River Plate "at £1 >14a.'-6d.; and Follding' Gas at 21s. were reported 'yesterday. Valuer, were unchanged. ' Bank of Now Zealand,.'buyers £9/3s. 6d.; National Bank: sellers' £sv'Bs.; -Wellington. Investment, sellers ;lla. 9d.: Wellington Deposit, ■ sellers Bs. 6d.; National Mortgage, sellers £3; New Zealand and Kiyer-Plate, sellers £1 .155.; Now Zealand Loan »hd-Mercantile, sellers 45.; Feilding Gas, buyers £1. Os.- 9d., sellers -£1 Is.; Gisborne Gas, sellers £2 12s. 6di', Palmorston North Gas, sellers £7 155.; Wellington Gas, £10. paid, sellers £lh ~55.; National. Insurance,. buyers £1 Bs. . 6d.;, New Zealand Insurance, buyers £3 195.; South. British Insurance, buyers £2 12s.'. sellers £2 145.;. Standard .Insurance; buyers £1 3a. 3d.; Gear Moat; £4 paid, sellers £1(1 8s;, £1. paid, sellers .£2,'125.'.6d.; iMeat Export, third issilc, sellers £3 cum dividend; Now Zealand. Shipping; buyers £6 195.; Union;. Steam, buyors • £1,145., sellers £1 14s. 3d,; Mosgiel. Woollon, buyers £2 14s. (id.; Wellington Woollen, sellers £3; Taupiri Coal,' buyers £1, sellers £1 os. -6d.; ' Westport. Coal, tourers £6 13s. 6d„ sellers £6 '15g.;-.Westport-Stookton, sellers 7s. 6d.; Leyland-O'Bricn Timbor, sellers,£l 2s.;;New Zealand Drugs, buyers £2 6s. 6d„ sellers '£2,75. 3d.; New, Zealand Portland Cement, buyers £215., : sellers £2 ob.; Tara-riaki-Petroleum,, buyers 7s. 6d.; Ward and Co. .Brewery. i shares, . sellers £ Us.; Sharlaiid's ordin-, ary, buyers £1, sellers '.£los. 9d.. preference, sellers' £1 la. 6d. ;i • y. : '\ r' ' THE MINING jIARKET.' . A fair business; was"donein mining;- shares' yesterday, several', sales' being madb,on, 'Change;' The' transactions ..recorded . wero ; as- under:— \ i' May Queon, >6s. >sdr:(first' call).. "■ ; Saxon, 2s. 6d.,/2s;/SSdi/ (third call). ' f . ;Talisman,- £2.175., £2 17s. (first call). : v , \Waihi, £9. 9s; (first call),' £9 '9s. (third call). .•• Waihi/Extended, Bs. (third call). :'Waitangi, 45.,4 d. (third call). •"' ' .'Consolidated 'Goldflolds, £1 45.; (third "call). ; iTho forward delivery sales are not now: recorded... Several aro. made every, day. 1 QUOTATIONS. . . ; The Quotations, with the last-recorded ' Bales, woro as"-under. . v; , : ;i .: 'v; ■• . ' Buyers. Sellers. Sales.' . ■•<: ■ - / £s. d. ;£s. d. £s. d. Bcndigo 0 0 75 — Dixon Consolidated ... .0 011 0 1 0 . — Dominion '.. .0 0/8J 0 0 101 ■■ —■■■'"■ Halcyon : — 0 0 5 ..•—... 'Kuranui : .0 i 1 7' : 0 1 9 ' - — Kuranui • Caledonian... 0 2 0 0.2 2 May Queen :.... 0 6 4' ;, 0 6 5 0 6 5. May Quean Extended 0 0 45 ' Maoriland . .: . — . 0 0 9 •' Mountain . King y.0:1 9 . 0 ,1 10 ■ Neir : ' Sylvia. : ;0; 4 0, . ,0 ,4 '2. '•*/ — Ngatiawa : — . 0 0 6 ' '■ — Pride oi Waihi ......... 0 13. ....— t• • — •■■■• •Ecliance v 0 0 ! 6J '—■ Royal Oak v 0 3 0 .. 0 1 3 6axon\ 02 1 '4' ,■ 02 6 0 2 si. Tairua Broken. Hills -0 Z. 3 0-- 3 ,4, , •—' /Talisman '/;; ■ - '.V;..™:; 2.17' 3 . 217 6 2170 ' . .Victoria:*- ..v....;..:..'..'.'.:...; 0' 2'o 0-'2 l. .; ™ ,/ -iWailai • * -9; ;8 '0 •: .9. 9 i.O 9 9 0. .. .Waihi .Consolidatedo -.6 5 ', ; 0;!5 '6'.':' .— sWaihi .Extended;.,..;..'.;.;; 0 8 .0' ..-/— 0 8 0 ,Waihi Grand; Junction 2:13,. o.' .< 213 ;6 ; /.— i".,/ '.o'--7. -2": 5 >' Waitangi, ■ 0 .4.4. 0...' 4 5 ,0 4 .4 'BlacEwater,': :1' 7-. 6 f ■Con.' .Goldfioldsl : 3 9" 1 4 6 1 4 0. Now Alpine 0 5 6 0 6 6 .:— Ross Goldficlds ' .'Ol6 9 >

COMMERCIAL AITAIES Or JAPAN ./•-'Some idea of. itlic-' coraraeroial ' depression-in-'Japan/may .ha.■■gathered from a report, by the. ;;British^;:Coiisul : :Vat.-.'tho ' important . district lof /Kobe, The/trade:,'stagnation of lasl-'ybar, 'Would • appear to bp.cn almost-- unprecedented./and.- ; while there were /no- failures of British: ifirtns. .covcral foreign-commercial Establishments closed) their. doors;v;and /most,-, .importing ; The ■; slumpappears l to" httve: been, -in ■-. ■the;hatur6 of a reactifin: after; the' boom period" 'immediately ; following i the"- war. .' . The over'-, ■'trddirig and- speculation,'.which then'' took' place-fostered-;by, .excessive credit : facilities,. 'iinfortu-' .nately became .' coupled,,;.with' a': heavy ,'dcprecia:tion; in the'.values,-, of most; commodities,;.with> i'the; result, that -the:'whole- trading commuriity. itself / during';tlie/'past' -year in ;aVmost 'critical-fetato,. and;the .period; resolved: itself 'into '■ f-ono ■ mainly, of. liquidation.The : traded of "the - /district, felloff ,by-"about l 18 . per' cent.,' thoro : ;being,-'a,' drop/ of .''some, £4,000,0C0 /in. imports-' and ■ a ;XiUo ; sum .in 'exports bujthc . total of.-'£37,COO,CCO /when: compared: ijrfth /.the/preceding ,-yeay. j, -The: .6hd';of .-,1908. <bronghtf no .'improvement"-'in: Mho. /iituatioa.v-aitdlj.'althongh ,monoy is now .cheaper >ind/' tho , banks'-'have;' plenty-at \ their: 'disposal, it.. 'isvi.tht-'.Consuri r opinion -that Pome. j)oriodl.imist .-elapsovbeforo-'condrtioris:"rotarn to -the ;iiornial.\ \'-,.'o"'i-' ; --3'• • <./ ■. !/:-•-■-

' ■' ARGENTINE LIVE- STOCK.; " '' i. ;: iThe: cbas'ns. of :Argentirie.Uvo: stock -shows'' the ■ 'principal figures -to be:— - : ;y. /, 1 !; V'."? Sforses/• 1.....:..'.!: 7,531,376 . ./-V •! Mules .- /, .465,037., - , : ?;>, Astcs ■ 285,038 ' Sheep : 62,211,754 •" ' . ' Goats ..: .'. 3,545.086 , Vi 1 Pigs . .;. ; r.<o3,S9l;i\ ;/,= ■> - Cattle • : 29.115,625 ... .. . .'Of /the:,cattle 7,385,830 !Ur'olDurham's;' ; ss3,sss ilqrefords, and' 125,529 Poilcd-Ailgus/ The' conipari(sOnvwith .the ,1895 ;cbnsus shows an ■ increase of :7,415,099 eatUo.and' 3,CB4.sl7;horses,'land*a'decrease' .of 7J67.EC6 sheep.'. .'- . /•VThe; to.tal ;of ■ agricultural 'impieinerits : wiis (> 1962: shearing.; machines; 14,432 'water-drawing':; wind-.' .lasses,; 21,867, water .windmills,'.lß,36l reaping ma-, ohihes, '3560. packing- Machines, ami:.80.027 'carts; The '.totjl "values, of live stock and implements !bcing,.approximately / £773,541,937.;./ : ■/ ■ : ::-V 'i- i-• ;/■' ■' i -:.yT-V-'. : NATIONAL BANK > The.- "Financial :,T{racs'V of' July " l : makes-the , following . remarks on - the - last balance-sheet of .the . a,bov;.;banl::—v .(. 'iTho. National-,Bank of New Zealand, reports a -very"satisfactory'.year.'s '.working, for the twelve ■ months tended 'March>'.3l...;{:Npt- s ;-pro3ts -.:in>>.tlie period .came, ,t'o '£93;j(i0,"-:-.;agaiDs't-;;,£9ti;f<!o ! ; ih-' r th6t .preceding 'year.: ;sAfter • writing ; f)10,0C0 off premise's.' -account: and-.<rai)propriatin».:£sooo .fori.a' :staf bonus,; the. bbiird;. declare ,tlie usuali 'divi*! dend (if lO j)cr cciit-., :lmt: increase, the - boiiua'. fxom: .2 'per cent, to;' 3. per:• cent.; malting' in ; all :'-13. per ,cent, for . '. There still remains a.; : balance Jarge .:'ehquKh>:to; alloiy • ofv another' transfer . of £25,000 ' r ®to';:roserye and the addition of £3COO 'to .officers'jjienaion. fund, while .tho -'bal- ' anco ' fprwa!rd;,is .. increased ' : ;io "£13,000: • • Thus :i a' larga" proportion of-tliL' earnings is retained' in or ahotheri'-and Uiy'. steady.: pursuit 1 of, WB.',.coQserTativ9V^)icy..:.tnec:ua&aii(!iDontl/h'avo^ -built-up' a, reserve which wiU now -lje on .a par' vrith: tne,: paid-up. vcapital—£37s,OCO.'r: ;,/-Whether the - directors, will elect to', continue adding to - the. fund.at 'the sarae.rate,remains to be seen,:biit,-, at,:aU. civontß...tbe .bafaU-ig.nowjinra very satisfactory . position,v and ItUe-'- outlook' forvits proprietors.Yccrtaiulyi.seouiH"■■.decidedly-'.'promis-ing.' ho very ■ important' changes .have in the .balance-sheet :during . the year, but - de■posits show an. expanding . tendency, and the holding of "■ coin. and bullion' fiooms remarkably ;high .for;a .bank;;of,:this: sise' at'over : £1,100,0C0." . ' . frEIiLINQTQN MAEKF.T REPORT?. :, Messrs.: Laery 'and Company, ikd.; Wellington, /report, wholesale:prices, ruling on'the- market:— Wheat,: fowl ;4s, Bd.'rto: 4s'„ 10d. l; shrivelled wheat: 45.; feed:- oats;. 2s.:. ; to'- 2si Sd!; vaun,v6att,f-2s; 3d. 5t0.: 2Bit 4d.; .seed, oatsi 12s'.-;4d. -tb 25.-Bd. j Algerian -feed iats, ■25:..2 d:; t6;.25.;.5d.; „maizo, :4s. :4d. to :4s-,7d.-;'crushed inalt, 7s;;- fowl barley, '2s. ■6d ' to- 2sV ;9d.-; .Cape' barley ;s'eod,\3s.;. horse' beans,. ■4s: ;6di (all .at por'ljushel).;/ricemeal,..£4 ss.' to £5; Hour, New Zealand,:£ll: 10s. t 0 £12; bran, £4 :106. ■ to. £5;: pearl'/barley',. £16;. peas, partridge ;43.?d:, prussian- bluo 55.; 3d. :t0..55; 6d.', fowl -peas, ■ 45.-,'' split £17,105.;, bonodust.v £6;, superphosphates ' ,£5 -to £s'ss.'i/.p6liard,.;£6,los. to, £6:155.: .guano ■ ! £.4 v 105.;:,. chatt (oatensbcaf)/ £3',:ss;'v to' -£3 153. •• , oiitiiieal,'' £10,15s; .to ■ £11potatoes,'; '£4 : Es. to. £5 ■ seed potatoes; £5 to £7; onions, £5 to £7- Japa-' • nese ; onions; £13; molasses fodder, £5; < bacon ■ (factory),' sido3/7|d.', hams Bd., rolls.Bid.; butter, bulk,' 9Jd. to>lOd.i;:'Poultry,: -Hens 'ducks /4s. ;to-55.; turkeys, gobblers ,11s. to 125.,- 9s. to 10s • vfresh eggs,.l9.' 2d.' to Is.-3d.; cheese, ; 6d. to ■ (Id PK lb.; lo?f, • 7d.,' ,to.f,7id. : per lb.; Akaroa: /mafcninc-aresscd. cocksfoot :7?d. to Bd., 'farmers' dressed £d. - to 6d: per lb.; ryegrass. 3s. 3d. to ,e0.:45./6d.. per ..bushel; Italian ryegrass,-; 3s. 6d.' to 4s. £d. per bushel;' white clover; -70s. to' 75s .cwt.; :red clover; 65s."cwt:; cow:grass,'. 6ss.- cwt.; alsilte, 625. 6d.;Cwt.;.:-mustard, '40s. cwt.; trefoil ,375. ;6d., :cwt.; rape', seed, 265.- cwt'.; timothy,' 32s' 6d.;;cwt/; .swede . and: turnip seed, 60s. cwt. . : ; ' Customs revenue;, collected ' at.'Wellington- yes-' 'terday.'amounted t0'£4737. ; "135. 9d. •, - TALLOW AUCTIONS.* ' (Uy Telcgrapli.-Press' Assoclatlon.-Oopyrleht) - London, August ll; '-.•Ati the tallow auctions 2130 casks were oifored .and' 503, sold, at : an:'average decline'; of 3d.-per fewt.-"" : v/. .'iv'. l ' ■ •' -WESTPORT COAL COMPANY. : (Uy; Telecraph.—Preas' Association I ."■•■ Dunodln, August 12' The directors of the Westport Coal Company have declared a dividend of 3s:. 6di- per share for t'ue half year.-endedS June 30, ; payable on August 25. - yp V/-" v, 0. 0. AND 1). COMPANY. " v ■ , . ■ ' (Uy Telceraph.'-I'ross A'saoclatlon.l - ■. / Mapler, August l 2 ' ; The C. C.rand J). Company, Ltd.," Ijondon to--■day'cabled the following-, report:—"The frozen meat market shows, a further fall in the value of lamb: To-day s-.: Quotations are:—Mutton 1 Canterbury, 1 . 2 5-8 d:; 'Napier, iWellington, ' and North Island, • 2Jd. . Lamb—first quality, 3jd • second, JJd. . Beef—hinds, 33d.; ,23d. .: ■//,' - For Children's Hacking Cough at nlchl, ' ' /Woods'-Great ( lVpiierinint Curp. I<. (iifl.ii, cd.