FINANCE AND COMMERCE.

Dominion, Volume 1, Issue 179, 24 April 1908, Page 10

FINANCE AND COMMERCE.

ry ; the share market. .\ .'■■•' j On 'Change yesterday.'trading was-reported in- Gears at '606., and ; Sharland s preference, thares at '20s.- - There were no mterestin D features, except' that there .appears..to be .a strong demand for Taranaki Petroleum shares,! probably because of ; the more favourable outlook. Wellington buyers were offering but in New Plymouth the buying quotation was Bs. od., with a disposition" to advance.- • i, There wero no'declared sellers of these s.-iaies, but from, outside. sources we learn tnat small parcels are available at.los. ..Turning.to theday's quotations, wo find/ there .'was . inquiry for' National Baflk shares.at £5 ss. bd ; , jutli . sellers-at 'JBS '6s. 1 - 6d. Bank of Jew Zeclanr shares were on'sale, at £9 13s. Cd. .Financial shares wero quiet .'and. dull.' Eq.uit ah jo, .K in 1(11 ing-were-•offered at .£lO 2s. Gd.; ton Trust and loan >were/in demand £7 9s.'J?or gas shares there' were ityfeS® Hokitika Gas at £5, and sellers of Christchurch Gas at ,JMO 2s. ,6d. Insurance .shares ' were neglected. New Zealands were a-i.ilable to buyers at-£3 17s!kM e at shares cuiun.onded a fair amount of attention, and x i\pre quoted: Gea^s,..£4 paid up,'- buyers/& 155.-; HsUersj,*!o; .'£l paid up, ' buyers £2 9s. 6d., sellers "~2 10s. 3d.j Canterbury I'rozen Meat, selors £8 2s: 6d. Manawatu Bails were in steady demand at £2,65. Gd., sellers £2 Bs. Wellington. Woollen, shares-' were firm,- with at., £5 Is., and no declared sellers. Taupiri Coal shares were on s&'.e ■at 21s. In'. Use. miscellaneous section,' brewery shares' appeared, to find favour witli investors, Manning aud Co. s shares being ,in demand at £3 Ids., and Ward and Co.'sjat £4_155., There were sellers. of' Leyland.-o'Brieu Timber shares at 435., New Zealand Portland Cementr at J3l 13s. hi:,, and, New Zealand Paper Mills at ~js. -l. Tor, Mountain: Rimu . Timbor'shares buyers bid 225.. 9d. / ; '■ - i I ■•...-.I r.-.. . THE MINING .MARKET.. '. In this section' therO'was no Dusinoss dene, bqt shares show firmness. - Waihis liavo firmed, buyers'now oitering £9:10s.; Talismans Were a shade easier; with, buyers. at 42 .10s. 9d. The buying and Celling, iiuatations, yesv terday were -as'under:— v 'Buyers. Sellers. 1 ....... j; s j. S- J. Waihi w ... 910 0 915 0 . Talisman- ... • .... 2,10 ,9 .- 212 .0- , Tairua Broken Hills -0 ■3- 7 . 0,4 :0.,i , ..'- N.Z. Crown ... .....0 72- 0 7 6 ' /Big River , .... —.dlB 0 019 U NINE MONTHS' REVENUE. It is interesting to compare the revenue \receipts of the. ; different-States I ' of the Commonwealth. The figures are for nine. mciiths,' iri the case of'the'States, for the-period endedMarch 31, and. for .'New-Zealand for :the period ended December 31,' 1907. VTljese;vGa.les..'are: taken because' the financial year in -Hstralia terminates on Juno 30,,. and in Aaland on March 31; ■ The revenue figures• compare . as under:— , ■ alncrease. '' 1906-7. 1907-8. bDecroase. ; '' : fr r- ■ Victoria '■■' ... 4,231 ,'4lO '4,190,058 b.. 41,352 ■ N.S. Wales . ... 7,468,902 ' 7,628,128 a,. 159,226 ' Queensland 2,296,993 2,468,736 a 171,743 ' S. r Australia - 1,759,137 2,048,791 a 289,654 IW. Australia ... ,1,879,844 1,876,233 b , 3,611 - 17,636,286 18,211,946 - a "575,660 Commonwealth .5,775,277 7,274,913 a 1,499,636 - - ' 23,411,503'25,486,859 . a : 2,075,296' .. . New Zealand , ... 5,826,060 6,307,102 ai; 481,012 ' • • 29,237,623 31,793,961 a 2,556,338 :> The jfigures are decidedly , satisfactory when taken' in the aggregate. ..although* two of 'the- 1 ' ■ States - exhibit decreases:;. . -The Tasmanian' figures., are. omitted front the above because | - they are not-availably at the moment. ■ The railway revenues tho" same way show as under:— ~ ■•. ' ' ' i ■' . :. 1906-7.'.. 1907-8., 1 ' ' 8 ; £. ' ' Victoria 2 988,594 - "2,9305' ■ N.S. Wales ... 4.172,767 4,544,044 Queensland ... 1,327,997 1,454,597 - S. Australia ...; 1,129,369 1,333,596 i "VV. Australia. : .... 1,145,381 - .1,100,566...V-. ' 10,764,108.; 11,367,548 New Zealand ... 1,790,677 1,5U9,47'2 ... ~£12,551,785-^613,277,020---The ' railways of- .New South Wales, Qvecns- ' land, South Australia, and New Zealand-show increases, but Victoria and West Australia exhibit small .decreases. . ' NE\y i hem?; Hemp mercliants'are meeting with beUer .inquiry from London buyers, but the latter show no disposition; ; to advance their' quotations, which remain'omthe basis of ,£26 10s.-for gootl fair on spot.i"-Millers are.not so keenly.• illter--ested in. the'rqiiotiitions of the moment, because most of tho-mills are closing-down, for the winter months.'; 'It will matter - a great deal, what the prices are-in August aiftl September,-.whon millers will' have' their - machinery at work. It i« interesting-' to.' compare the-:exports cf 1 emp for a and. Mar.on 31 is'« ron--1 vonient date.-;f6r;;closingVtherhemp year. Tlio figures compare -as under March''3i.'; ■ Tons. . 100S 1 : ; ... 25,837 . 697,923 1907 : 2-3,773 550.653 : ' - 190G /' •... 27,422 ■ 690,577 , - ' 1905 -....- '. 28,209 . 730,803 1901.':-24,761-, 659,064 ' - .1903 ... ... .22,300 ' ' 575,153 - ' 1902 ... ■ ' ... 12,230, V>268,320--.1901 :...v12,927.'..251,151 ' . The industry appears to have forged ahead , since 1902.. "...

NEW ZEALAND INVESTMENT. COMPANY. In their second annual,report; to March "31, ISOS, the directors of the New Zealand Investment, Mortgage, and i Deposit Company state that the not profit on tho '.year's business amounted to .£739 14s. 5(1., anil this has been applied as follows:-rTo clearing the debit balance of .£379 15s. 7d. brought forward from-the previous year, to writing -JJIGB 2s. 9d.- off- preliminary expenses, and carrying forward ,£l9l 16s. 1(1. to next year's account. "The directors think it undesirable to recommend a dividend on this occasion, and,- thoroforo, have applied a portion of the profits in reducing the preliminary expenses account, as. indicated :it the annnal meeting held'this year.' The directjrs consider that tfca (/ ' .'ciders are to .be eon- p .

!■ WELLINGTON /SHARE LIST.

gratulated on.the excellence of the Company s securities-and the progress of its business, ccnsidering the short, time, (eighteen month-j) .the' 1 Company has been in existonce." The balance- i sheet shows:—Paid-up capital, JE18,200; dt]'Cisits i and interest, mortgage and interest, - .£50,417 17s. 3d.; special deposits and interest, <63512 45._7d.; f balance';.at bank, ;Ml6 3s. sd. The income: from - interest, fees, . etc., totalled . .£2?93,175,.5d. ; and the expenses, including the ; sum of .£837 7s. 4d. paid as-interest, directors' lionorariuin, ,£SO, and working charges ,£612 Is. Bd., totalled ,£lsst 35., leaving the net pro- 1 'fit at ,£739 14s.'5d, . .. •. -- v. .-, }..■ • SHAREAND AND CO., LIMITED'. ■>:The directors of ..Sljarland and Co., Limited, 1 in .their ninth annual report for the year ended' 1 February 29, state that,- after making the usual provision -for bad debts and; depreciation of ; plant'and fixtures,; the net profits'.of tho year, amounted to .£6250 2s. 5d., to.which- has been • added ,£6l Bs. Bd.; carried forward from last year, making in all >£6311 lis. Id. Prom this sum the'directors have taken ,£2OOO for addition' to the-reserve;fund,7which'will then stand dividend 'at.'the 'rate of 71 per - cejit; (same as last year), and- absorbing J3837 lis., is - recommended,' leaving ,£474 os. Id; to be carried'forward to next year's account. The! directors state that there is again a substantial 'increase liri the, turnover, and the gross profits for the year amounted to ,026,643. Of this sum, £19,550 was absorbed in working expenses, ,£657 was written.off for bad debts and £186 for depreciation, leaving tho net profit at £6250. The assets include Stock, £54,719; book debts, £28,028; plant and fixtures, £3-169; freehold and leasehold properties, £13,232;' and other small litems/ 'The-liabilities;--apart'from the paid-up capital of £55,653,'.include:,mortgages',V£7500',. and amount owing, to f bank, open liabilities, bills payable, and deposits, £21,000. There is a contingent liability of £5971. for bills under discount. MINING. -. . . (BY TEIEGBAPH.—j?KESS ASSOCIATION.) • Waiiii, April 23. ' The first of . the series of reefs in the Waihi Tm'irie has been intercepted at' the - thousand feet level. The reef in question is tho Royal, •and is good grade ore. ' ■ - LIVE STOCK SA£ES. ■ ' Messrs. Dalgety r.andTX'ompany, Ltd., held their fortniglitiy'sale atrthei tTpper Hutt yards yesterday, when a' good entry of sheep and cattle was'yarded. Sheep were well competed for,' and! all found purchasers. -Bidding for cattle,,was dull, but a ,fair number changed hands, ~.Light>fat .withers made 14s. 3d.; forward ■ 2-tooth'wethers^'l2s., 7d. v to ■ 12s. lid.; • stores,;; 10s. Sd;', ; ' ' fat •' lambs, 105...: 6d>;. stores, ss; '6d.; cull-'ewes, 1 5s. Bd.; heifers just-calved, 1 £3 '17s; 6d;; Springing :h!eifers,- £4; cows, just calved, £3 125.. '6a.; cows, in calf, £3; fat cows, £4; store cows, 20s. to 305.; forward - coW-'arid'heifers, .'£2 14s. to 215.; good trap gelding £18. ■ 1 i ( Messrs. Dalgety and Co., Ltd., report as follows on their, Palmerston sale' held yester- - -day:rrWe -had^a'vgbod-yardiijg' both of sheep and cattle, with .'a good demand for all-young and good conditioned sheep, and a keen demand. 'for 'farbr forward bullocks. Two-tooth wether's made'from'lis. 2d. to lis. 9(1.; forward ,2-tooth wethers, 135.; medium-fat: lambs, lfla. !Bd.; .'forward, lambs, ,Bs. 7d.; prime fat ewes. 13s. 6d.-', A nice lino of 162 2-tooth Eomney ewes, ,on account' of Mr. W. O. Lovelock, realised-16s. 6d.*-Pat cows 'made £4 7s. 6d.; .medium fat bullocks, £7 7s. 6d.; light prime : fat bullocks, £8; 4-year bullocks; 18s.; small 3-year steers, £i 7e. Gd.'; aged cows, 245. The New Zealand Loan and Mercantile ■ Agency .'Company;-' 'Ltd., '< report as follows :— -'At'Palm'erstoii'.on'Thursday we had a medium-, entry 'of sheep and, cattle, and quitted the bulk of-the--yarding- at late rates. Wo quote: • Forward wethers,l33.7'' forward lambs, Bs.- ■ Cattle—Store; .'cows;''lss; to 265.; forward cows, 335.- to 1465. j• 'yearling' heifers, 175.; 18-mon'ths ',heifersi'. 225.' 6d. to" 235.; . 18-month steers (bad colours);" 295'.; 6d.;' Iweafiers,- 9s. 6d.;, forward empty heifers, £2 15s'; r fat heifers, £4-55.; fat'cows, £3,105; to £4 7s. Gd. ' Messrs. Dalgety and Company, Ltd., report that at, their.,' Mar.ton,. sale yesterday a fair entry, of sheep and cattle came forward. Wethers made 145.; 2-tooth wethers, 13s); medium' "lambs, ss. 6d.; small cdlvcs, 10s.; empty cows, 405.; 2-year. steers, £3 2s. 6d.

. - London markets. "(BY tEI/EGBArH.—-PBESB ASSOCIATION.) Napier, April 23. ■. The C.C. and D. Company, London, cable that frozen meat prices are unchanged. ..J ; WHOLESALE PRICES. ' ' Laery l and -.C0.,'.Lt(1,, Wellington,--report ..wholesale prices Ruling' oil .the '-market:- 1 Wheat;'! fowls' ss.' '3d.'.',to ss.' 6d.; oats,'3s. to 3s. '3d.; seed oats, 3s.' 3d.' to 3s. (id.; maize, ss. 9d.; crushed malt, Bs. Gd.; prussian blue peas 6s! 3d. to 6s. Gd., fowl peas 4s. 6d. to 4s. 9d., all-at per bushel; flour, Now Zealand .£l2 10s., Australian Jjll to JEll ; 10s.; bran, £6 to '<£G 55.; pearl parley, .£l9; split peas, ; JGIS 10s.; bonedust, £6; superphosphates, «£4 : 15s. to ia 55."; chaff ■ (oatensheaf), <£5-15syto ■ £6; oatmeal, 1 ' 10s.; potatoes, whites'ss. Gd. to Cs.; bacon, factory side? BJd'.,' hams Oil.; rolls 9Jd.; butter,- bulk lid. to Is. Id.; poultry, liens 2s. -6d. to 35., ducks ss. 6di; turkeys, gobblers ' 15s. to 225., liens Bs.. to 95., all at per pair; cauliflowers, :ss. to 10s.; cabbages, ■Is. to 105.,. all at per sack; peas (green), 9d. . to. ,ls_. ~per .peek; fresh:eggs 2s. to 2s. 3d., pre-. 5 ;-' cheese,* 63. to • Gid.' per• lb.; onions, .£7 to* i£7 10s; per tori; [ Akaroa cocksfoot, 10d.' to lid.; ryegrass, 4s. 9d. to ss. Gd. per bushel.

Messrs. l6vfen,'Shallcrass, and Co. draw at- ■ tention-to a .', sale of silver and electroplate ' goods, jewellery, ivnd -watches, to be held at ! tlieir Central Auction: Rooms on Saturday ' afternoon,-. at 2 o'clock.; A very fine display of chrysanthemums from > the Hill .View*., Nurseries, Taita, is at present' on. view at Messrs.. Evans arid Son's florist [ shop,'sl, Willis Street. The exhibition consists , of two dozen choice. blooms,' which secured a 1 silver cup given by Messrs. Evans and Sons 1 for plants originally coming from their nur- _ series, the winner being Mr. R. Poiuton, of 3 Petoiie;" A. beautiful .plant is also on exhibi--3 tion,- which has no less than eighteen (lowers . - . • h. ...

Kesorv? a* Llab[lv . , TPIWW. . • yM* rmnuvr Capital- •$»««">. sty per .-§► — Tnfif to C0 , PAS7, raidup. >2 ™ . Im^o,. ' . HANKS. • :' . £■' ■''■ '-'rJa, •'sfj- A li IKII' ow'li 1>w a d ? "A };' '. 12 I. t's 6 . '5 - li 6 .550 013 5 •.•:*«» ; gg i; 's w.j 'Uo ' • 1,9 : - JiewKealanfl .: WMBJ *6fiA ■ -,M ,• »... JO- -SIT a . .jJT> .u : - IS2S" 1 .. : ;■ '33 «8 1 »»*.*«. 5S - lp r-° ■ EquiStBuUdFnl £0.OM «•.«<> ,5 - f. .JO . . .. 10 ..?,6 10 ® 0 r r Metropolitan Buildins (Vtl 5'mi ■ i » \ o 12 1 rll 6 M * Wellington Invest. - M.OM 'WSJ \ '*.. 6. Jig.? { j ( . ? ? -#v ■ Wel'etonTrustitLoia 101,250 „ h ' ,5 ? a n 1 ? 0 f 0 0 fl3 < • National Mortgage - COO,0)1 J =.M a f 30 3 *« '< J 60 , S SB- \ .*• I 111 Vsi Uo ... sg. I Si" fll6 , 1026 10 00 600 .: : :.. ; V;;*${■ 4 - - i ; .*».-, T* /? »■ y? ° ,"° 0 C30 0 ■ Haven • •• . -8,'.-51 . .Wj i .• *. ' ' :■ 4 ; ..> • «.tcTr 83,18:1 1 a 15 1;v 1 ?; ■ f : Vi < ■ 'Mi 19118 s82: : V: ' wSl' • •§ ! -10 1 ®' S " 10 '? G 10 M 714 V' ■:| 1 ST"io' 1 5'i! 2100 600 : v : VcIiiMbaMoatEx, ' '.' ' "'J. 'J /' " ,.. f5< . •• . •■ . 305 ' 75j ] . .,', . ', 58 • '.2! . 6 . .553 S 5 U 693 V.Wanut !'. i <5.830 : .' il . •"-• . !>., : x '■ 27 '° 50c A\stn.Sica:n 1'or.v • • M.iiJ A ,Ua -' '■« * , : ' eeoooi ' . IlT/iTi 54 . l,i ,. .131 r. 10 0 . . V. 1 0 70 0 F BO .'y ** , ii .1 0.6 .1 1 0 1 0 3 7 8 0 • WOOEDB8. , l ; " «cri ■ r-' mi r ' •• 'i.oS 1 : ->:.;' J S:«; / & -»■: .< o c ? s«' j j o. o« o;;,<tSL :•>••: - loiwj . " .. 1 S 310 36 0 '3 0 0. 8 0 0 AllSOJ^ljLiVNEOU'a. f r nil . ». ■ , 'C"n n e s n fi 2 6 JjonatfhyKopB - - • '. 47,0D1 ' - J V ; g,g-_ 6 ° G ,. 2 S J 6 17 2 v.-.- -.icylaud&O'jJrisv .. \ES,0JJ. • SiM . . } .'."J- il ••(. lit -3 » 6 17 i , r : .i»alinceYilloIjinij . 7,WJ . r* : Ukl ■ . ;E4,5U • "7 .'2U0 S11 0 ' rll 0 no '' ifvSrMiW • S .11« Ul 1 ' l'JB. 1 3 3 1 3 3 1 0 1 •'. • iW>:, \ Jt„. .IIS 9.: -lis 6 ' ; - * . 9ii,U)J ' 1 V- 1" '?%' ' H 2 ? }j S iir. n fl fl 5 :-} A -\ /Vtid&Co. • ' * tU.uuJ . • tW*» \ J iio 0. lit b . 41j . 0 8 8 5 ■ \/fcln. OuerAnbuas* 1 * . 2b,C3J . . : J j . .i". .!•' Yj •/V»£Ui tiesiiFooa - I .'.f 'H ' '■ 'i'ombs-^'iWi5J •' . -. : X J* ; * • "• • .<'8; 0 nn v in D i^wYwa-. \ • i . , " ' ' -013 6 . 1 J 0/ , 1 ,0 0 7 10 0