FIANCE AND COMMERCE.

Dominion, Volume 1, Issue 125, 19 February 1908, Page 10

FIANCE AND COMMERCE.

: TIIE SHARE MARKET. ' A fair amount; of ■ business was done on 'Change yesterday, especially in bank shares. • National Dankshares .sold at J!5-6s.- Gd. and. - £5 75., 10s. For the'/fomer buyersmade-further -bids - of .£5 Gs. 6d;, ; - ; but' v sellers I .wanteds7s: .6(1/ Bank of ftnn,';*withs buyers at iD'l2s. '6d. '"Irisurancelshares-were, quiet/ more sellers - than buyers. '■'{ / Nationals were, wanted. at..'2Bs., : -but'sellers-. • quoted 28s; 9d.',, There ; weie sellers, ; of Jjpvt., Zea- . land Insurance shares at .£3 18s., ex,div., antlM Standards, at 245. 3d., cum div. Financial shares', were'; in excellent demand, and .there were bids of l .Building, Bs. 6d.- for (Wellington'; Trust > and,' Loan,,*. 30s. - - for New Zealand arid River Plate, New Zealand : Loan and Mercantile. Gear shares again-had quittance at-495.r and/Wel-- - lington Meat Export, third issue, were on salo at 655. 9d. Other quotations wero Manawatu ' Rails, buyers,. 435. Gd.; Wellington .„Woollen,'. , i buyers 655., sellers 70s.'iy ';West#ort V Coal,: '' 'sellers, : i£7 -10s.j Westport-Stiickton, buyers, 9s. 9d.j Kauri Timber, ■ 15s. paid up, sales, i.' L 10s.: Id.; Leyland-O'Brien Timber, sellers, 455. fid.; New Zealand Paper Mills, sellers, 245. ' THE MINING MARKET ' Talismans'changed hands at 14s. Gd., an advance of Is: the, previously.-• reported sale For Waihis- buyers. have: reduced thou . . .bids ;to jS9. ,The buying- and.; selling quota/tions' yesterday,r.were\'as under.:—.. . i-v: '. > .. ■ , Buyers. Sellers.. . Sales. - ; ■ £ s; d. «£ s. d., ..£ s..d. ■ Talisman ... 2 It- 3 ' 215 0 2.14 G Wailir ■ ..9 0 0 9 1 0 — Mav Queen, Ltd 0 110 — . Tnirua Broken Hills — ,040 Big River ... ... ... 012 6 013 G — TRADE RETURNS. In yesterday's issue the export and* import, " ' returns, as they affect the. Dominion, were 1 .. and now. it .will be interesting to com- , ; pare the figures for each port the .past two . ' years, » showing where' the - increases : and ■ de- " creases have occurred. Comparing the exports, ' the figures are as under for North Islandports ■ 1 V ; ; Port. .1907. / 190 G. ..Movement. .Wellington ... ..V 3,918,512 3,408,008 *510,504 Auckland ... ... 3,472,405 3,168,927. *303,478 Napier -1,784,885 ' 1,406,862 *378,523 Poverty Bay 993,387 874,358 *119,009, New Plymouth 627,917 482,728 . *145,189" ' Patea ■ ... ... ... 524,339 363,039" *1G1,300 Wanganui' ' 468,307 384,318 v *83,989 . ' ' Waitara : ... 289,361; ,189,143 *100,218 Kaipara ... ~ 128,187 161,428 132,941 — : : ... ,£12,207,580 £10,438,311 *'i 1,769,269 .■;■■■ *Increase. fDecrease. . ; - .The figure"'of the "South' Island'do not' show ; to advantage.. Tho total gain for the year is only <£201,375, as compared .with ,£1,769,269, the increaso" eihibited-'by'the 'Ndrth- Islaiid! • The South" Island figures compare as under:— ' • *'■ - Port. -■ 1907. 1906. Movement. Ivttelton ' 2,836,739 2,837,953 t1,214 ' Dmiedin 1,338,435 1,607,362' '168,947 Timaru ... ; 1,216,542' ,1,102,719. *113,823 i Invercargill.... ... 1,180,867 - 978,708 *202,159 Greymouth. 1..." 343,81)0 ~'t 395,557 '• -151,667: Wairau and Pioton ~ 309,923 292,065 *17,858 Oamai'u 2-49.828 ' .-260,881 +11,056 V .' , .'Nelson-, ... .<:79,3U.... 70,281 ...*9,060 -/ : . Westport 49,903 '' 56,097 ''16,194 - Eokitika ... ... ... 31,213 33,660 -42,447. ,£7,836,661 ,£7,635,286 *,£201,375 i . /Increase. .r Only four of the ports, show/ Any'improvement, both Lyttelton and Dunedin'exhibiting smaller figures." Invercargill lias made splendid. progress, and is evidently competing with success against Port Chalmers! and_ in. liko ' . ' manner, is - taking-'business- from Lyttelton. The imports into the principal ports for .1906 and 1907 compare as under ' ■ -■ ■. 1907. : 7-I^6/- . ■ • £. £ Wellington • ... ... 5,218,725 4,760,435 Auckland . 4,533,999 3,591,342 Lvttelton .... ... 2,633,117 2,580,039 Duncdin : ... 2,489,352- 2,295,5(11" •' ■ : Invercargill. 495,703 >■ 422,418'"V v V . . Napier '... - 413,364 ; -"335,221 - V:/ - ; .£15,814 ; 2<15'' Ji1"3,993,322 The -total iriipoi'ts ' in' amounted to 302,796, so "that the six ports named above received all but a little more than a million sterling. Many of the smaller ports could very well be closed down so far aa. the- Customs Department is concerncd, but r to attempt ouch a thing..would ..cause-<a great, agitation, among the Chambers",; of , Comiherco:. the smaller towns. .- \ „'. -• . ' THE WOOL MARKET. , . Those who have, as experts, expressed . in the witness-box that wool would ' . never fall because the number of. peoplo in the world was increasing,, and, tjie.- v demand t for woollen clothing was-ineioasin'g, content to bo regarded as tnistflkeiToptimists; Of air the markots the wool market one most difficult'to judge, and the so-called . experts are' tha most faulty in their judgments, because they cannot rid themselves , of unconscious-bias..-If-statistics "are'-'aiialysed;' tho demand for woollen' goods ought to be ! ' very pronounced, because of the great increase !'in the wool-consuming iijopulation; .' tunately the available supply/of wool-lis'< hi tideto/go a great way : through' the addition of [ • cotton and other fibres. . Wool. is meeting f..with a set-back now, in spite of the fact K : : that the output is within; : The increase in the supply of wool is relatively smaller than the increase of the wool- :■/ ; ' -using population. Tho extent of the decline in wool values, may .bp seen by .tho quotations for Bradford ,iops, as cabled by the' High Commissioner:—' ' Feb. 190 S. Feb. 1907. Fall.' Tops. . .d. d., . : d., , , 36's ... -101 12 4r ' 40's ... ... l"i 12i v -r. ! 4-l's ... ... 18' 11 4 50's ... ... 22 18} 32. " 56's ...,.,:,..v,,24.,.v r „,v21L,</ ! v2i., :V; : ' '■■■'. GO'S 27 25J , } |, 1} . Tho figures show very Conclusively that crossbred wools have slumped, and lino' wools have declined in sympathy. A good many growers - of the staple expect to. see. an, improvement: in values at the March, palps, a vorv good chnjice of bfline dixniuiointed.

RESULTS 0? THE CRISIS. The" "r'esult's"' of the financial crisis in the United States are reflected in the financial ■statistics, ivjiush . available by the arrival of : tierSan.Fjahcisco.raail:'; The ; -. Clear-, ing Houso.^eturnssKowth'at,' for; the whole • 'of the United States the aggregate '. of.' clear-' ,ttgs for 1907irrwched,i,«£28,977,800,000, against <632,004,OOQjMd;;';in" ;4W-V,, The .decrease from' 190G is 9J per ! 'cfentr, ? But 1 * as" compared with 1905 •there;, is a _i| gain of 0.7 per':' cent!* At New ■York alone, and dne to the diminution of :-Sjfcbck 1907 - total not only records' ironi' 1903 of' 16.7 per v cent.,-, but also shows' a decline from 1905 of -oyer~7 per.,cent.' .With..respect■'to Stock Ex•cHange speculation,';'-the 'number : of shares sold in Wall Street iri'l9o7 'Segregated 196,438,824, as compared with 284,298,010 in . the previous year; We : averago prico was 85.8 dollars", as against 94.2 : dollars, , and the approximate aggregate value 14,757,802,189 ■' dollars,' as cornered; witS93 ; iOJL,4S'2 ,in 1906. WELLINGTON PRODUCE' MARKET. / Messrs. Laery and Co., Ltd., Wellington, report'. wholesale-prices ruling on the market:— Wheat, fowls' ss. 3d. to ss. sd. j oats, 2s. 9d. rto 3s.,.seed., oats 35..2 d. to 35.4 d.; maizb, 4s. ' 10d."to'"5's.7 'crushed"'malt, Bs.; Prussian/ blue ■peas/^s; 4 tb'Gs. Bd.-j-'fovrl peas 4s. 6fL to 4s. 9d., all at;rP.er,;,bushei;:. : flour,L Now Zealand £12, Australian ~J12.,. 10s.;., pollard, £7 to £7- 10s.; bran, V JBS '10s. . to v ' 15s'.'; .pearl barloy, 'J618; split.;:, peas, .£18; bonedu.st, .£G; superphosphates, .£4 15s. to «£5 55.; chaff (oaten sheaf), *j!,r'to .£. r ) ;10s'.';" oatriic.il,,..£l3 10s.; new pota■toes, whitea : -9si :l t'6 : -105.,' reds 6s. to 7s. per cwt; bacon, factory, sides BJd., hams 9a., rolls 9Jd.; butter; bulk pastry r lod. to lid.; poultry, hen's" 2SiTfid;''to 3sif"diicks ss\ 6d. ;■ turkeys, gobblers 15s. to 225'., hens Bs. to 95., all at per pair; cauliflowers, 4s. to Bs. 6d.; cabbages, Gs. to, 10s., all at per sack; green peas, 9d to Is. per peck; fresh eggs, Is. Gd. to Is. 7d. per dozen; cheese, factory Gd. to GJd- per lb.; :onions>> £8 ?10s. to L -,£9 10s. per ton; Akaroa to -83.; ryegrass, 4s. to Gs. bushel;' riceineal, £5 ss. per ton. AUCKLAND' WOOL SALES. '' ; COMPARISON WITli LAST YEAR'S PRICES. " (BT : TELEGBAriL—PRESS ASSOCIATION.)' ' Auckland, February 18. The third wool sale of the season was held to-day.; Tliere"wer ( c. not many buyers present, -probably owing to the present unsettled state of the wool,market at Home...There were 918 bales catalogued, against 577 for the same sale'last'^'carT' The market opened w?ak in all sorts, and .the .proportion, sold.. by. ,the different brokers wis"'only.' about*'.one-third'- of total' Prices for inferior -crossbred -wools dropped .as compared with, last year from Id. to ljd.. : Good crossbred' dropped- |d. Merino wool was Jd. higher, .Mfc.there, was .very little offering. Lambs' wool "was about' to id. better. .r^The^-.highest...,price .realised fas 9d, for fine crossbred in one., instance,-and for choice halfbred iii another? -Last'"'year similar' wool brought .Uid. The top : price . for medium crossbred" was '7d.y ; as' c6mpared"with 9Jd. to", IOJd. last, year.,, Coarse (Crossbred sold at 53d., I as compared Tnfli 9id/'last 'year; lambs' wool/ at' '8d."," a'S' , "6ompared' *ffith lOJd. ; : bellies- and pieces at % 3M., as compared' with 7id., and locks 'at* I'd.. to'2d:,"'tis compared with 3Jd. to 4Jd. - * r-rt -.C-" ..

.:v- ; ;V : * <.r i WELLINGTON SHARE LIST. _ .. . »2 riiabil- -Jis /V"- . '' r PBICES. Yieto ; TCAW7TQ •£ *£ ' £ •) ' • j£ ,8.» 3. '£ 8. d, £ 8. d. , Fc wZ "!t=T A . aw* - :.|4;. ; .3i v-jo. °» « -j »■«■ '"...Rational : - - 375,000 535,313 • ..Si- -15 - M3- i ; f ' w ' ' ■ ' 11 5 18 3 ,iam h . jaws . . i is ; 'i,6 : o V' « M i New Zealand • . . - . .TOOOO K6.t.M 2 . 8 u .30 ' ? ° South British " ii,-;-. ;100.000 -r M2.4S0 •:1. ' nnltd.: . 30 -&'J ° Standard'.■< /...v..75,000 ;/■ . 87,386? . i ..nnltd, ..30 n,.,,-.. 1 .,-"•.< • EqiiitabloDuiitog'-"'' "•"•taOOO",''. V;'4&« V / , •*' ."Vji•]()' ; 10.0 0 5 0 0 . / MetropolitanBuilding -. 21,000 ;. W;| -..30 , -nil -T - ' - Wellington Invert.'- •? • ','-EO,000.-. UBr- >•,,;« ° ° Wel'Kton Trust & Loan ' 101.(250 ' 44,£H -8 >5 .. 8 < 8;6 ...7 10 0 7 8 0 I 8 0 National Mortgage . ; ,- £00,000 112,250 . 8' - u -8" 8;'®.-.® ' J . ' f,5'£ ' },!•} ' .VN.Z.andBiverPlftW~r■•.300,000. >;252,0Q0 ..■1 ..nil'.!*. ,T. "Ity'S ; " 1 ? n in n n Vr-Loan and Mercantile v . 135,22J : . • 315,133 -., ■ ■ i 6i ; .,6- ;-G 5 0-..; * 0 5.-;6.-. .0 5 0 10.0 0 SAS. • . ;■ ' .... .■ .' i r Auckland -180,370 93,35!), 6 nil 36 a r' ; V„n r n n . Christohurch . - 352,0)0 : .65,087 , 6 . nil ; -10 , 10 2 6 10 .0 0 B00 ./'vFeilding - > . 10,801 103 ■ . ; nil--« -- 'lZ l r s, \7 '-Gisborne ' ■ - ■ . 17,203 10,5U 1 133 , ... J :•.. . Hawera . . - - . 8,250 145 'J ' i ' 10. _ -New Plymouth J . 18,000^.. ;._.,5,159._ _.5„....pjl—j30_—T. 17 —6_ — Kapior - - . ' V ' JO nil 15' ,. £S : 183 ,...l., j.. .1... mj,. PalmerrtonNorth' ■" / t7,M0'. ;ii,tt>26v : i .,-30 f 7/7 #•« • >.* • Wellington - ; - ' V- U' Jg ■ » 17 6 " v "MEAT. ; I- . „ • n • . in - , | iif vii , :: ;.eear |> : ;; ,12} 2 6 6..: ' 2 » 0 5 13 ./ . .Wellington Meat Exp'-' ) /'-''' -//S' ■ ni '' . r-n iS- : : k 5 r n ,i e r e - /. 105 7G5r« E3.767 '-"-*4 :X i , 8 BiO.O u5 5 2U .6 5.6 " " ,.... .' • } /../: ' £6 ' 2jv B ,'3'5 U 0;: .,3/5 U f 3 5 6 6 8 3 '/-;Wanganni ' " . . «,8M . ["ai.^ 01 ; :i 6 ' : niI ",: ' ..'-. 8 '. V':' ' Tv::-: ' : iW.&MfMw^ T,; .' , ' > --- - 170,000 '■ '■ is i'! I'-'fe.i %$%'. ''2 3 6 S3 9 : N.Z. Shipping- - ;v ; "... \) 113,751 v. 8-, - "i[. r i/ .-.;5 *- . / UnionSteam > r ,&• ''BOO,000 i> ,i 472,5M. 1 r- 1>! r - iT4. .- ,113 -:0 .>..• li //:;Wetn. Steam-Ferry - • 46,259 .65 1 nil. 6 t v» >" • ' 280,001 117.215 ; -S5 Ji /. V i?i S T 8 9 6 ° ° laupiri - : - - sum- 6333'-,- -'1 ' V '' Vi ' ,1 lV.OtOj !1,.0 3 WOOI/IiUX "■ - ' Kaiapoi- - .-. - 100,000 . £2,551 B . nJ.„ 6 „. . . „. ,,. r ., .. UoEdel- . . 63,457 --.-. 17,2U - Si . -•■!* -- - 4 3 1 '0- - -— ; .. - • Wellington 89.00J . 24361 4 . 1 . .6. 3.5.0 \ 3 10 0 8.6 0 766 MISCEDIiANEOUa ': r •' ; - c - „• i Eona£hyBope - - -' - 47,001 — 6 DiJ "-■ ,600 6 00 . _ . Lejrland&O'Brioh;;- 1 - —85,000 . , ; 57,761.. ; . .1. .. ..15 2-5'6 ; ?'5 0 "6. 3.0 ' ■ JJaoiicevilleLims" ""* 7,003 . 1 . 20i 1 ® tog's"' SCO',OM - E431I: nil 1. 2U- 6 211 6 . 211 0 . 6 3 0 . 'N.z.PaperMiilj . ' M,755'„ . W7T"? yl , .- "<} J Tf I'./SIHi' 1 * 3 3 6 0 5 . K.Z. Cement- . - 40,COO . ' 2,741 1 • 1, • . 1 li -O 1 33-. 0, ../.!'. t ■ Llanmng & Co. « " ■ -96,000' ■ '' £7,670 4 1 10 ' - • Ward&Co. - - " .W.OOO ; ( i0,655 4 1 10 \ 111 0 * WgtnU)peraHonsa.18,630 - 1.705 5 8:.. : .. Wgtn FresUFood - 23,261 ~ ' J n .' l ~ .WhitoomboATombs. Z .O.lol nil 30 ,. r ,.... . . .. . • . . 1 j * tiutxl&Dd, Limitod jy,676 9,311 c 0-19- 6- , 019 3 8 4 4