FINANCE AND COMMERCE.

Dominion, Volume 1, Issue 25, 24 October 1907, Page 7

FINANCE AND COMMERCE.

f'.'-n ' ■/ 'WELLINGTON, SHAME LIST. ; ,

/\'.;o yesterday! no we're ;effected in inbut: there >was ..-considerable .mining,'market.;,. : i : he ,ca» , for investment .shares was more marked, .tint, i r the, bids,' were, not -. up :.to sellers' .'.views.,, There ".Vasi.mbre banking shares -New •■Zealau'ds were wautetl at'JEO 10s. or 7s. .6d: less, "'' than sellers' were willing 'to take; these. shares bnghtiobe advancing instead'of 'declining for a half-vear's dividend has accrued ami should , 'be declared very, soon. - It is. very-likely that the sanguine''expectationsof some investors, are .ftot,to'ibe t ,realised, and the dividond for > the half-year is'to"be. 5 per cent, and not •; P er l cent;«as-~was. anticipated..-; ..National, were, in .'demand at )£S ,Bs,,,sellers. - a--a3kinßi.jCs) 95.-.>''. ■••-■: •■"■(■i : .-.r'■},■■ .si •;■, .-.': ■>■'■■ siii ffherc was : iio .business; offering. in insurance .therer.was. quietness in.tKefinaijHCial gr<)up, ;with. seljers r o , Wellington Deposit "M m -iand -.WelliriKton, at 125.. 3d. ;"Gas. shares, wefej withotit change, except that *! the •demand for''.Gisbbrn'e Gas"'shares ■ at■. J22 'lSs'. ri 'Vas renewed; ,. There■ were sellers:: of ■Feildihg Gas shares at 18s., Wellington.; Gas, first.issue at .£l9, and.-i 25, JJM.vand J33 7s. Gd. for the'irespective,-issues .of/Napier-bas. Can-. ■ - tcirbury^Meat,shares, .were available to buyers af SIO 12s; Gd.V Wellington Meat 'Export third !'i T ssug"atV£3i6s.>, .Wellington' ;■ Woollens, at ■•■"■>'&.? Ma'navratu ■■r-Bails.- ; ats £2, ,25., and. ■.?■}s■■ ■ i :Prefdrence, af!23 3 .i.• New,, Zealand , Mills, t.ißhares were wanted, at 235. 6d., sellers holding ' for 245. There was also a bid.of 205., for, New, Zealand Times" Preference, shares, and £5 103. ( - for -WoDington Opera House shares. .. '■ ■ ' - - Ta'ranaki , Petroleum-'shares' have leome, down withia!,Jiush,;,BeUerSj now asking 10s>-for. thefullV paid up. shares, xl good deal of unfair ■t, britic«ni'-'is;"being "levelled ; at: the directors J "of this Cbn(*ern, ; -mostly : -by- , disappointed'6hare- ' holders, and while it niay bß. : admitted,,that, -?'tony 'errors of--judgment -have .beeni disclosed,- ■ •,-alloirance-mustJbe:.niade!'for.(tlie ; -fact that the- ,! -I'iridustry .is qiiito a new, ; pne, that-expert know4'ledge;was,not.pbtainable,.in Nen-,, Zealand, and <>that A .nb! such i venture, ,|is. freo'jfrbm Jhcj'specu-, ' vlativo :element:. Some of ;tho shareholders ■ apP ■pcartb. ) i haye : .tak'en fright', because their unduly '(sanguine expectations have 1 not'been realised, , '■' with'] the' result: that "shares; are being < thiwn i ,vl oh' the''market 'at "knock-out ■ prices.. • i ara,;Tnak,i;l,e'troleHm,;sl)ares;:irill"be.a gamble until - 1 tnci : gusliers' , are' , thoroughly' proved,,and those '''"irtib' buy '-the , '•'shares :must -look: upon, them, as b»ing■'■ purely ! 'speculative/, and* .on a, par. with. '"^hV'scripto'fl improved ■goldv.mining; ventures..

~.;.: . V, .There'was. a. fair, amount of animation..'in " 'tnis ■'section 1 ,-■Vith' several';;sales.•recorded. Waihis sold at £S Ss., £8 95.,;£&J5.;6A., and elbsed' wita sellers'at, .£8 7s. ; Gd.rand-no buyers.; Talismans changed hands at £2 75., an ad-, vance''of"ls.;Od. on the .prico realised on Tues-, day.-:>Bnying''orders" ivereinot ; fully met tor more'.ofxtho shares, ; .co.uld have been placed at ■ i *7s.i but sellers were"wanting a shilling more, Hills h.Vd'quittance,at 55.':11n.,; .- u alia r!l N<!tt ,! *lna''.''at<.6}d>.The condition of :tha n-arket'-yestcrday is revealed in the following i'"'ir; .;,:,.„,;.;. -,;/: .-,,-..1'.'-.'.., '/ b''':?.,'. : ■ \: ..-,•.."Buyers.:'Sellers..Sales...... ." .',':'•-;.-•;.:■>. ■■.■■•tii£s.&. .£'s.\l. i£s.'d. [ ■ . -NlzScfownV...•;'•/-....:■,.-;, v ;! P. 7 ' 0 ;: i" , " t .Tairua Broken Hills,, - ;-... .0 5 " :..;.; ; .^isman_Consol t r r ;2 I o l^^</ o^ 7/c ■" .Ncw/iUita,,.;,....., ~v . . 00 6, :] —.... i d - ! .'V'Wivate Jettcr received by 'a"'Weirington eiiarclibiaer gives'tlib'following interesting in- ■'• nifoririation' regarding the Australian Blue^.lier : ;Tinv-Mi[?e.:-W"l had.-a,look'over the' mine on .I-Satririlay,,September;. 2l,' on.the hill A.. ;,,iDissmgfan ■ and .13. ,Pri(le ,are : sluicing; They. •,'are lincpvcring a'ycry valuable tin lode. ,lnis .'.'deposit;is sitiiatcd'.6n : the"west ; side of the top ; 'facer irorked' in, the' early days. I • should: think • v ""it would be about '150 ft. from 'the old ifacc; r itGO to-70ft; wide'and about two chains : r; ' ; longj. tho'Veateri bulk, : ,L estimate, .will go i: 'fr6mr2 !: to 3 per'cent, on, the top, ,bnt theref 'isMlone'large :;tin ; leader almut the .centre" of this' formation, far the. richest .formation I, have seen uncovered in my twenty-eight years; experience on these tin fields. I am so much; taken up with this-formation, that I will take the',mine on royalty from tho: Company, and pay' them £10 "per ; .t6n, with the right of V using ,'arty-,.material.,that would be ,of use to : "imc.for conveying the stuff for treatment. , . . . J..-It,is 'a?pity to,let it.lie' there without doing '.'something i,"or make it !, known , '-'to the share-. '"holders: , r'wonld"siiggest"a special:call being '''miide'to. .test this, if your directors, do. not ■." ''desird'ralefin any other way. Pride tells me.they ''"have , got seven--tons of:tin off .the mine since ' they/started-tn work, making over 4350 each, profit so it will give you some idea what the '■ etbne-V must, be , under, the surface. They oViish'eiPtwb'-biioltets of stone that-I'refer to,. andigot half ; wei s'vt of- tm out of, tt. That will tell you it is exceedingly rich. •

,;;f:-ff':f .mejAM -■■■ \ ••■•; t '■■ Vt , TELEGRAM—rRKSS ' ASSOCIAT.IO^-HJOPYKIOnT. ;-.': ■■•'-■•■,.'.-'•'' •■■! i' .':London, October 22. ■ '' 'Silver.—2B'7-16d.'per ounce; , '■■"' ••;■■• '■:-■ ■ '■'■ ; .£57 IGs. per -ton;, three inontliv'-JEaB- ISs. , : •■•■ i- '•; '.>=■:." "". •'■ ■ ■s:-Tin;—Spot, -X 139 15s.'.per ton; ; threo months, r.-.-J8137>155;.- :. ;: . '.;.....,. „ : .;■>'<-Lead.—Xlß 15a. per .ton... .... \ ~ ■. Shores.—Bank of Australasia, "buyers, £99, '.'■ sellers .$100; , Bank of ,Now South Wales, , .J r tuycrs;;\£il,loß.,, sellers 'Ml . 10s. ! '' '' ! *t-j. : :i-V : -'-i;r'-: ii.h'/ ■'-~ '~■ :.....'..- '. '".. .'. ■ ' v ,-ii ';:.{;. AUSTRALIAN MARKETS. \, \\ .i[>;\ ■_,:■: ;:■;:':' Sydney, 6ctobcr : 23. ''■ 'Wheat, millinir, ssl 7(1.; chick,' 45. ; 9tl. to '■■■•ss.''-Vl6nrV'ifiir 10s. Oats, Algerian and Tnsmanian;l whito, both nominally 3s. (id. BarIcy ■ noir.innl. Maize, ' in. lOcl. offered, ss. wanted. Brai\ and pollard, Is. 9d. Potatoes, Tanmanian, 'nnno diteriiig; local, prime, M. Onions, Victorian, Butter, 103s. to 105s. Ch'ecso; Bd. to DJd. ' Bncon, od. to 10id. r-, •■■'■ .■{■-: ■■ ■■ Meldohune,' October; 23. '■: 'Whe'at, ss. 5d.. Plomv\£ll,lss. Oats, Bs. 3d. ■:i613R.;5d. •Barley,. 45.,,7 d; to ,4s. 10d. Maize, i'-iis. Cd 4 Brniii.-aiid pollard. Is. 5Jd. Potatoes, ii 10s. to. £i ss. Onions, .M to £8.. •'■ •• '..- ; ■■„■■...: . : Adelaide, October 23. :? '":WhbaV, : ss, Id. Flour, Xll. ;Bran and pol■■;'brJ,..'l's.,:i" " ' ■..;■'.' ~';;■;'. ' . ' '" ;' ■

' : ; : ' 'f'-GItAIN AND PRODUCE REPORT.: ■ and :Company, Ltd M report as folloVrs:—Wo held'our fortnightly auction sale of gruiii,, etc., on Tuesday. A fairly largo catalogue was submitted, , and the various lines mot with good competition. Practically every lot wiis -disposed of "af full market rates. : Oftta.-h-During the past Weok tho markot has been very: excited,; and prices havo advanced 1 to tho. extent of,.from'4(l., to ad. per buehol, "and,there;does not.seeni any nrospect of prices

'receding 'until next harvest. 'We ; quoto' seed lines ,iip; to'4s.; primo feed oats, 3s- 9cl. to ds. medium and discoloured oats, 3s. bu. io 3?. Bd. por bushel (sacks, extra). '■ ■ market h ■ very | firm, and the business-is'-limited- owin ?! to the.-high, prices ruling.:-. .Fowl wheat-is in demand, but not much is offering except at prices beyond buyers limit. Good-whole fowl wheat is realising trom .55.,,4 d."-to ss. Gd., r medriini fowl.whoat; from ss. to as. 3d. per bushel'(sacks extra). ' ■ /Potatoes.—ln sympathy with other markets, potatoes have'been steadily 'going up in valuo,. and saies Jiavo been effected for • good sound ' table : linos ■ 'at:' UM and. over f.o.b. ■ ; southern ports. We quote: .Best sorts, £i 10s: to. others, iJ3 to J24'per ton.(sacks.in). ■; ..-: , Maize—A good/ inquiry .exists, and stocks are low. Primo Gisborae maize is realising 4s. 6d. to 4s. Bd. per budhel (sacks extra):' Chaff.—Prime" oaten" sheaf 'chaff is not overplentiful, and with a limited quantity offering tho market within the' past' week has advanced fully 103. per ton. We quote: Prime onton sheaf chaff, • M ss. to .£6 10s.; extra prime, £6 155.;. medium, £5 15s. .to .06; damaged, £!> to" £b 10s. per ton (bags extra).

~ ; -.._, LIVE STOCK SALES. ~ ..;,. '( .. [BY TELEORAPH.—PKESS ASSOOlvrjllf.] '' ■■■-'' ,::•_■■■ ;!/ :i DuNEDiNi October 23. '■■'Burnside stock' market:—Sheep,' 1665 penned. 'There was a ! good,yarding of medium quality ; sheep, : with : a few pons of prime. For really 'prime- sheep ■ the 'market .was firm,., but-in medium , sorts there was- a.decline of Is. per .head; , - Best .wethers 26n. to 275. . 6d.; extra • heavy to 31s v Gd.;> medium, 225." to 245.; light and "inferior,..,Ms.''"(fe'"% "Gd'.;;- best , ewes, to 245:: 3ci:; l mediuni,,,igs'.. ,6 2l6'."Gd,:' Lambs: 52 penhed. For really, good , lambs' 225; 'was ol> 'tajiicd',';ljuf l a"'iarge niiniber of others broiight' • brilv. 16s.;'tSvlBs;''- Pigs.: 123' yarded. : Store pigs anu'slips showed-an advanceiof 3s.- to 45,,-;nnd ' pbrkersi ' and , : bacoriers also • slightly advanced. Suckers, 12s..Gd. to;iGs..Gd.; slips, 19s. t0..255.; stores,•.27s. Gd.; to, 345. ;.i porkers,' 3Gs. to 435.-:\ ■:light,.baconers, 455. to 535.; heavy, 555. to.G3s.; choppers,, up to, .86s. Cattle':. v.WI yarded. There: was a large' entry of medium' cjuality, nothing' special' being offered, and prices obtained were'much tho-same as last week. -Best bullocks, £U> 10s. to lOis.j good; J6lO to ilO 155.; mcdimiii M 15s. 125. , 6 d.; best heifers, .£8 10s. to .£9;.' is. good, Ji7.los. to 55.; light and inferior, '£5. ss. to ss. .

■v.rvI'WOOL."HIDES,' 'AJJD'VSKINS. /" / . ■'. I [BT TELEGRAPH.—PRESS' ASSOCIATION] • ;'."'■:' '.'■■'■■ . " Mas,terton, October 23. I '..-At, tho .monthly.. Masterton wool, skiiV, : '_nd. hide sales;held.to-day, crossbred wool brought '.from: 7d. to ,Bd.; best crutchihgs, 6d. to Gid.j inferior and medium'crutchings, 4d. to sjd. ; locks.'and piece's, 1 SJd. , to "4Jd. : ' : '- 'The-market for skins was steady, but except for the' ; best parcels,: last ■ sale rates were I jiardly- realised. J?iiie' crossbred,brought :.Bd. to, , coarse l-.crossbred, 7Jd. to -Bd.; dead |iskiiis,-64d.:.t0:7id.;,-deud , hoggets, 7d. to ,7Jd.;, green :skins/: 4s. to 7s. 4d." ..... ' ' .; ■ ■ Tallow in' casks brought .up'.to. 2|s. Gd.; in tins, 21s'. 6d.; rough fat;'lss. 9d. ' • ' . Hides'sold at , last; sale rates, but competition: was not owing , to the bad •■" ldition/'b'f some of tho' hides offering. ■ Messrs. Levin and-Co. comment -strongly on the condi-; tion of the hides offered: at their eale. ; "The Wairarapa/'-.they say.•;in . their .sale report, "has the reputation of showing the worst hides: of any district in the, Dominion," and their experience unfortunately does not ...lable them to deny, the impeachment. Almost.every lot'in, the : catalogues recently has had 'o bo 'described /as ■ "cut,'' ' " dead," ! " slipping, "sloppy; ,, "rat eaten;" ;or- rotten,' ■ Mid naturally the i , sales arc depressed; : owing to the quantity of; bad hides offering.- Ox.-l'lcn brought ■■Uα:' to '4fd.; cowhides, 4d.-.-to -4jd.: calf skins, < .best,: sd. to, Gd.; .inferior, 2Jd... to 4?d.-'bull hides, 2d. to.3Jd.; cut and slippy ;hidcs, :id; to 3d.- . .', .',.;.. ~..". .. , . .}. .'■ :

: ; i:', r i. 1 1...-GKAIN;:MARKET.,,v •',-;.. ' , :•' ;[DY TELEGBArn.—PRESS ASSOCIATION.] : ''"■■-. '.::■'■■'■ •■'■■•■ 'Dunedin, October "3., ' -Wheat continues ftrmV,' but the' , quantity, offering ' is/'limited, !l, antt ! business 'does not amount to much; . Prime: milling, 55.'7d..t0 ss. 9d;; imedinm andwhold fowl wheat,- ss. 4d; to ss. Cd.;'broken and inferior, ds: '10d.. to ss. super.; bushel,-" sacks extra.-..,:, :••,*. '■■■ ~■• ••, '.-OatSi—Owing-to , .the increased demand.from the North, combined with local requirements during the past week,, the, price, has advanced Ad to sd. per bushel, and'this idea prevails that a further rise is. not far off. Stocks in stores are small, and there is' very little io come' forward. Prime'milling, 35. ,: 8 d.' to: ;,s. 9d.'i- best: short bright: feed,' 3s. 7d. to 3s. medium, 35.-: Id. to 3s. Gd.per. bushel, ex store, sacks.extra, i : \~: ~ -. ; ■■ ,'■'■ ■'■■■■. .

: AUCKLAND STOCK EXCHANGE. ' : . (FEOJI . OUR. bIVN. COEIIESrONDBNT.) '.'. .; ~. • . .. Auckland, October, 23. '- Auckland Stock Excliango sales:—New Zealand Insurance, 83s. Gd.; Auckland Gas,-.£14 ss. Cd.; : Kauri Timber (contributing),, 9s. (id;. Auckland Tramways, Ordinary, 23s..Gd.;.May Queen, Is.; Waiotahi, 4s. 7d., 4s. Gd.; Watchman, Bd.; New; Una,. 6£d.;- Victoria, Is. od., Is. • 4d.; Now Moanatqari, ,10d.; Old Alburnia, ls.'4d.; Now--5d.; Waitangi, 3s. Id.; Champion (contributing), •2s:, Is. "IOd. ; Golden Bolt, Is. lid.; Golden Cross, GVd.; Karangahake,' 5Jd.; New Moratoto, Is. 7(1.; New Waitokauri, Is. 7d.; Tairua Broken Hills,- ss. lid., Ga.. ss. lid.; Tairua, Triumph (contributing), 2s, Is. lid., paid-up, 35.;/Talisman, 47n. Gil., 485.; Waihi* £8 75., .£8 7s. 6d.;' Waihi Consolidated, Is. 10d.; Waihi Extended, ss. 3d.; Ngatiawa, Is. lOd. ; -.'" ': \ CUSTOMS RETURNS. ; . The Customs returns at Wellington vestardfty( amounted to :.EI.9H 10s. Id. .-■ .-

; 'v"'", V '' ~ BcBorvo eg Li^bil ; ' Yioia £'&^S J HS.If 3 « 'Buyer. So.1or.Hj. InvSta,. '"'NowZeAlinai - - '-' ;: SOO,000 : '.336.785 ■ * 8 10 H ) ■ ,^« -«to- Jj; J ..»■ iooo 10.5 0 ,10 Bβ 4.18.0 -'"•MeftopoUten-BulldlM ■!-.21.000 .]:C.229 hW; ml 7 12 0 0 ■ ■ ia-'Welllngtonlnvert.;;,,? .,,M,pX j,. ■ - 3,»3-! ;,«..■ 4 .. » « „ 710 0 6B8 . ::;sssa::,s::;S: -i:;^■■■!■ 19 . 6 «?" ... •.-■■■■ : 1:. I- ...■/.. .: : . :^^A''4:'^- r -- ".!■« '■■ efi , y.. Weill! .:. .[ f 6,250.,-.. •,•..-,,»•■■ o 1 , . mU ; . 6 ' v. ' '°- ■ ° ■'■■■■■■ <■ ■ ■ "'"weetiort - OT.O0O:' U7;jl5-:c:;'a.; i'lj , ' ! W 'Vl6 6', 1 7.18,0.. .7170 6139 \ Cpiri- - - --•- SSo. 5!333 1 nil. '"7J " 019 '0 1 ' ' .. •MISCELLANEOUS/- '"-^''' <"■■■■■'>■■ • ., i: ,.,■; .. .;■!■•;;■, '•■■ : ■ "w'v r nn ,ii Q ■ ' inOOQ — iu i B** >■ : — ■ ■ ■' ■• ■*" w.i « i ;: ■ ■ «:'( i!liSK:i ■»:■ lf : *'S:::1:?:i!-s ;•.•■•■■•*■.• .5V nil 8 510 0 ' '