COMMERCIAL.

Dominion, Volume 1, Issue 235, 27 June 1908, Page 8

COMMERCIAL.

WELLINGTON SHARE LIST. Owing to pressure, on bur space we have been obliged.to-omit'the Wellington Share List;this - morning. Tho Stock Excliango movemonts are treated under separate headings below.' /'The • Share List will nppoav as usual on Monday. THE SHARE MARKET. . Investment shares -were quiet yesterday,, and the business done -was restricted, to. a transfer of' New , Zealand-Shipping shares: at i#. iThe" buying orders, have eased: off slightly, while, thoro'are noiv.more sellers in the . market. For Bank of New; Zealand-shares Gd.' was offered/and £0 7s. Gd. wanted; National Banks, ■■ ;• sellers . £5 ss. Gd. Financial; shares, .were . , .steady:—Wellington; Trust - and Loan, buyers' £1 10s., sellers £1 lis. -Gd.; ,Wellington-' De- .- ' posit,, buyers 9s. ; Wellington Investment,.. sel-' . lers 12s. 3d. Insurance shares remain-quiet',- ; with . sellers of South British'at £i 15s!',' and Standards at' 225. 3d. Gas shares,,were without alteration:—Christclmrch Gas/ buyers i 9 ~l7s. 6d., sellers .'./EO.' 19s. Gd.; Feilding. Gas, sellers. :-v ; 205.; Gisborno Gas, sellers. .£2 ,125.. 6d..;Other . . quotations wero:—Christchurch - Meat, -/ seller's ' ' 4 > JCIO 2s! Gd.; Meat Export, third ; issue, seller's ;:«£3 55.-; N.ew!!Zealand Shipping, buyers ,£5 195,; sellers .£G-2s. Gd.; Wellington .. Steam ' Ferry 20s. paid up, sellers 17s. Gd.; Wellington Woollen, buyers 675.; Donaghj; Eope and Twine,-, sellers: 245.;' Leyland O Brien, Timber, • sellers, 435.'6 d.; N.Z.' Portland Cement, buyers 28s.'; ,; . Sharland's, sellers- 205.. - s 1 1 ' THE MINING MAKKET. !'i; N.Z. CroWn shares came in/for attention yesterday, and gales' wero made at Gs. 71d., "Gs. . B}d., and ps. Gd., finishing ;.-with buyers" at Gs.' sd. , Waibis and Talismans. wero both quiet; and.Tangiaros were practically ;unchangcd. The ■-quotations were as under:— — ' '■ -Buyers. Sellers. Sales, i £s. d. £s. d. £s. d. , . liic- River • ... 1 i 0 1 SG. — : - Talisman 1 / ... 2 4 0 2 5 0 -. — Waihi ... 819 0 9 1 0 —• ;Tangiaro ... - ... 0 1 G 0 1 8 ;." N.Z. Crown ... 0 G 5 0 G 8 0 G 7J ' 0 G 8i ;;!. ' V. 7 .. 0 G 6 . . LIVERPOOL. AND LONDON AND GLOBE ' insurance. ; . The report of the Liverpool and London'and !/'•,-Globe Insurance Coriipa!ny for'the year 1907,, ' presented at 'the..meeting- ill -Liverpool/ states : that, the fire premium, income 'for'. the . year,■. after deducting tho stuns paid for re-insuring . 'surplus, risks, amounts to. ££2,635,258.: The! net; ' lps'ses/:inclusivo of full.provision for .'all claims' ;;;,;:'thit had arisen up - to .'the closo' of the-.ycar,; . ' V.amount to : (oO.G'-per, cent.): .ThoSaccounts,'. after 'providing-: for; "ijxp'eusfes, show,without''tho' addition of interest,- a\surplus-of ■.: i£425!553; of -which! £5i,794 has' been left' ih/th'o. v fire account; : to • increase tho * ainoiint ' reserved y; ; fpr risks; The balakae has! been ..." carried- to profit, and loss , account,-; .The pre-:. : ,■ mium incpine -for tKo -year tbo' accident ,- dopartment, after deducting, the suilis paid for. ■/...re-insu'ring surplus risks, ' aino'uhts to'' -<865,277.-: ./ The net claims, inclusive of full prbyision for! , those that had arisen! before the closd of> tho 1 - year/ amount ,to J311.G13 : (17.3 per cout';). : 'The account,; after, providing for! expenses, slipws 'a ■ surplus of £23fi5&, to which the 'directorsyliaVe. !. added i 6,212 from : profit and loss in order to •; form an accident rcservo fund of 30,0C0.';Tlio : profit'ancl . loss -account, Iwith tho addition'- of > ' tiro profits and of tho interest earned oil the -. /funds other than those of the life, department, /.after: deducting./the amounts paid :for; the! /. Globe ' six' per - cont. Perpetual annuities ton ; : ;M07,-;leavo a. balanco; of .'<£1,021,2G6:' Out of this",. .. amount .the cost of !th'o purchaso of.'the.: Cen- ;, tral Insurauco Company lias been- written off, , ! -£50,000 .carried to, ' suspenso. "account, - and*-', - £G242 to tho accident reserve;;f'und. It:is p ro . • posed, out ot' tho 'reinainiijg /.balance:. of :. to pay on-each £2 of stock, a. dividend 7of 33s..'onVaccouut. of the. firo department and: r'JsL ..out proiits earned at'tho; eiid:.'of. . jtfiS; last quiiiquenniuiu 'carried- for this! pur- ' !;'pos6 to this account,' making in all 3Gs., free.of ;j , -indbme-tax", leaving ' a ; balance ;at crcdit of ' :On November , 22 last - an - interim ' ; . / paymenti of-14s. .was made on account, ar.d it ■ is proposed to issue warrants for tho balance— ' namely, oii; May, 22. !■ The dircc- | • the groat beheiit'wWch tliey, ; ~'expected/sv'6ul(l' ac'cruo;'to 'the. contpa'iiy's.- in-. ; .?'t«^''.'fro% H tt[6'''ptirehase of the (%£ral < ance Comp'diy; Ltd.,' has bt-en fully'- realised.' .

'■VC ' TIIE WOOL 3IAKKET.'' /' ' ■,; -At/the bank' :meeting yesterday . afternoon quoted l , from ,a 'report received from' the >manager<6f the;'bank's; produce"de-, ;. partment 'in -London,' andj .dealing witli".'wool;' •• tliis authority, .says:—" WJiile ; trade ;]ooka' , back : to' America as tho originator of . all its' : recent , troubles, ';it . at : the; same time . looks forward 'to - relief coming/fro'in.;the same 'guar-,' ' ter.. at no- very' distant. time; Whether this' .;,&bpe','vriU bo" realised it" i'a ' difficult', to ir.y,' but t'nbro aro. signs - that the position. in tht»- '• United States is "gradually improving: vAs. - further progress ' towards ' recovery is msdo; " it: is-cxpected that wool will :be. one of.tha .first commodities; which - will benelit.Ltqciis .•of imported wool in the States, aru ivory small; viand any slight revival,in the'trade ...would',r.t j,once drive,.' Americans ito this market '.for'sup.plies.",. Thero appears to bo some , solid "ground "'for anticipating-,some slight improvement, in • values, for it will be seen' that at- the • sale ;■ of sheepskins J<6hdSn'.thefe .was.'li "pnoiuF advance, all grades. ;of crossbreds "participating very, felly in the. improvement. ; .

CHILLED - BSBF.

i to'; Great Britain. under a new process of\chilliiig live ' pronounced tobe a giout;suceess. -\liH''metlioil consists .of,-plaoijig tho" m.eat^in' a refrigerat- ■ ing: chamber,• which .'lias, been previously -Cleansed.and sterilised, and into which is 'admitted ,a supply, of air /cooled . to.: tb'o. :tem- ' ' perature .at. which the. chamber is maintained; all gases< or vapours given...', off- • tho meat being withdrawn threov.tim.es:.a, 'day by-"an ; .exhaust fan/, and replaced by air'cooled" as'' ; described above. .The advantage? .of--this sys- ■ tem over that hitherto in vogiio. is that mould and spots 011 - the meat, vain Uiof.'.coabeqnbiif loss,; are prevented, and the . chilled' meat is discaarged absolutely free from' ice , or ' frost. The •."•River-. Plate Review" states that' 110 efforts '.to open ;up new markets. for Argentine frozen meat in Europe can be successful owing ; to -tariffs." ranginz from 36. to 02 per ■ cent., coupled .with impossible conditions in' regard to slaughtering.. The .United . Kingdom" I s , practically tho only outlet; in Europe for '«Argentina's meat,- "and , even in that market there ..are Disabilities . which are. difficult ; /to . overcome., as colonial shippers have also discovered. .■•■ For example, there is' an enormous disproportion between , tho price obtained for ; frozen . mutton shipped direct .to the.. United Kingdom nr.d " the same, meat • sent. via. Antwerp, _ where the sheep are killed and dressed. .'lhe. latter ..realised 6.U1. ;.pei lb. at • Smith- ; field 011 the same .day that the frozen article' brought.,;only 23d; per, lb." The. trade >in . wetners: via Antwerp is consequently, growing 'Tapiuly, and;.salesmen in .SmithSeld report an : improvbinent in tne quality of. Argentina mutton,, which . is causing it to rise to the'-, level .ofi , values.-at present ..held by New Zealand carcasses.. .From, 'its geographical position,Australia,: of course, - cannot; follow the-ex-: ample of ' Argentina in regard 'to .'"shipments" of live sheep, but graziers :in Australia ought to be able .to emulato Now; Zealand.'.'

.... NX-GOVERNMENT DEBENTURES; •• ' • Tho Helbourno "Argus"' of Juno 17 makes - 1 tho following statemont;--"Tho: Government of New Zealand, notifies holders of 4*~por' cent." ; debentures, payable August 1, .1308, "that. it; is, pronared to. renav/. siicli debentures > until'l * August l, 1 1915, and at ,tho samo rate of in- • terest... .Holders deciding to take ' of such an offer must lodge their bonds with'' ,tho Bank.', of, Now Zealand at 7 Melbourne or! .-fij-dncy at least oiia month boforo tho ' due date, when fresh dobontures'of the extended currency will bo issued' to' them in, lieu of; ■ those maturing. '■• Debentures which 1 are not ' renewed 'will bo paid' on - maturity, at the] ' place of domicile, -but j must-bo lodged 'for' , examination at least three, days-before.'the" duel - date." - • ; 7. The Customs revenue collected at-the'port'• yesterday amounted to -C 2601 lis. Id. , ; STOCK EXCHANGE. ' f ' (nt TELEGRAM.—PEE 63 ASSOCIATION.) Duncdin, June 26. Stock Exchange i saleTasmanian Copper." 43. Gd. • : ' DREDGING. , tnv isr.innArn.—rnrsa association.) Dtinedin,.'June 26. Dredginj- , returns:—lfoputai, ' 50oz. sdwt.j' Mastertou, • 40oz. 3dwt.; Mystery Flat,; 380z.; Kilwt.; Electric N0.71, 360z7 2dwt.; New Rox- . burgh Jubileo, 350z. 7dwt.; Central Charlton, 21oz. lOdwt;;.. Kurr, ICoz. 14dwt.; Charlton Crook, IGoz. 7dwt.; Muddy Creek, 15oz. sdwt.; Goldon Vine, lOoz. 3dvt. ; -Waikaia, Boz.'Bdwt. WELLINGTON MARKET, REPORT..,. Tho New Zealand Co-operative . Distributing . Co., Ltd.;, report as follow ss. 9d.; ;> wheat. fowl, ss. 4d.;, bailey feed,- 45.7t0 ; 4a.

Gd.; barley, Capo .seed, 4s. Od.; maize, crushed, ss. lOd.; oats, 3s. Id., to 3s. 3d.;oats, discoloured, 2s. 9d.; oats,'crushed, 3s. fid.! oats, seed, Buns, Sparrowbills, 3s. Gd.; African, Algerian, is. Id. per bushel. : Ryegrass, Perennial, ss. Gd. per bushel; hay, .£4"los. to, 10s. per ton; straw, £3 to 10s. per, ton;.'bran, £1 per ton; sucrosine, £1 10s. peri ton;.' prime oaten sheaf chaff, £S per. i.ton. ..../.. ' . Potatoes, tublo, £n 10s. to £6 10s.seed potatoes, Canterbury Up-to-Dates, J!G 10s.; Canterbury Denvoiits, X 6;. Breeze's Prolific, X 6 ; Red Be(iuty;^if;Hebron, ,£6 per ton; onions, £0 per .toil. .' \ ' I : Butter, ..s'epariitpr, Is.; milled, lid. ;' dairy I pats, , lid. ' per - lb.; 'eggs, fresh, 25.;; preserved, Is.''"3d./to/is.'.'.4d/' per. dozen; ;honey, G#'s, 4Jd.; bacon,' sides,: B}d.;' rolls, #ld.;. bams, fid., per lb!'; -beeswax, Is.'-'-Gd.; fungus, • 4Jd.; walnuts, 4Jd. to .Sd.,,per.:,lb. • ■ ':'/ , ,Cabbage, 55..,Gd. to Gs. :a sack; cauliflower, Bs.;'to 12s. per sack; ,swedes, '2s. ,3d. to.;2s.,'Gd/ !cwt/,/'pumpkins, !/7s. ;'por sack; carrots, tabl« red; .Gs./per. sijcki.Jiorso carrots, 3s. por. sack. - Apples, dessert,;!?. Gdi to 125.; apples, cookers, Gs., to , 7s.!r pear's, dessert, 145.; to. lGs.; Spears, cookers,-fo, Gd.:/;; ■ ■/■ <'■. . ' Poultry, table'roosters, 45.; cockerels, ss. to Gs;j table.lions,, 3s. Gd. to 55.; ducks, Gs. Gd. to 7s. Gd.; geese; 7s. Gd. (all at 'per pair); turkey,' gobblors,'' Is.; hens, lOd. (live woight). LIVE STOCK SALES. The Now Zealand Loan and Mercantile Agency, Co./ Ltd./ Feilding, report:—At Feilding on' Friday we had a medium entry' of sheep.and Slieop wero somewhat dull of sale, but .there was a good domand for forward bullocks. Cull lambs made from 2s. Id. to 25.-9d.;>cull wethers, 95.; cull ewes, 45.; forward wethers/' 12s. sd. to . 12s. Gd.; store lanib3, 7s. 4d:; dairy heifers, good, £B; heifers in calf, ,£3 :10s.; forward heifers, £2 10s.;, low conditioned cows, 205.; forward bullocks, £6 Is. to JG 12s. Gd,- v. •;

"Messrs. ''Dalgety and Co., Ltd., report on their Levin sale-held yesterday .as follows:— ■A good yarding of sheep came forward, and with the exception of ono line' all"'lots 'were sold at tho-following rates Mixed aged ewesin lamb,' 65. : .1 d. to 7s. Id.;" 2-tooth wethers, 10s.-sd. to lis.; forward wethers', 13s. Gd!; light cows, .£3! 12s.' to' £i 2s. .Gd.; forward ' steers, '155.; springing cows, '£o; \ 2-year heifers, 3Gs;; pony-marc,> ;£G 10s. Messrs. Dalgety" aiid Co., Ltd., report that at . their Feilding . sale yesterday/; they had a fair 'entry. -Two-tooth owes in .lamb; made ,13s'; 3d.; medium .lambs, 75.; 2-tooth'wethers, 12s! 4d.; agod owes in lamb, 9s! 3d. . . r . ■ - HIDES,'SKINS, ETC. 1 , ; ' 'Messrs/A. 'H.-. Atkinson and C0.,-Ltd., report as-'follows-on tlio'ir monthly salo:—Wo offered a. small cataioguo of crutchings, w - hich mado up to 33d.' for good-bright clean .quality. Skins showed an ' advrinco of', id.' to' }d., per lb. od last "salo.."Hides-wero about: 911 id. lower. Quotations:-- ." - -.. J'. Wool.—Flecce",'" liiediiirii, 4d'.;' dead, 3Jd. to 33d.-; -laiiibs, 3id; to 41d.; crutchings, lid. to o-Jrt. " . - . V / ■■■• „; ' ■;. Skins:—Crossbred shorts/to: half-wools, 33d, to -lid:; broken 'and. inferior,. 1 to-,23d.; holts,' 3Jd. / broken arid: inferior,-/.lid. to ijd. lambs', 3d./to 4Jd.; butchbrs'.'-half-dry. skins at 'each,:-25,. 9d., 2s, .10d.,. 35.. 1d.,, 3s. 4'd., 3s/sd.i iambs, lialf-dry,'-2s; ' " /.Hides.—Calf/. 3Jd. to 3£d.; : slippy, ljd.j cut, 21(1.;, rough, 2Jd.;'yearli;i!j, 3Jd.; cow, SJd. to 4!d. : ; cut, 31d.; .'slippy, 2d.; ox, 5Jd; to 5Jd. ; liorse,"ss..Gd. each; slippy, 2s. Gd.

■ 'fallow.—Tins, :13s. to, ISs. per cwt.; casks, ;21s. ;Gd.i;:> .horsohair,. Is. -2d. per ,Ib.

, Messrs. Swainson. and Sevan,' Ltd.; Lovin, report on! their, ivool,'skin, rind .hide sale.held )n 'Wednesday.' as: follows:—Wo offered a large jatalogue, • consisting principally of hides and skins, though thero were-several bales of {.wool intl casks of ■ talloii' offered. .; There ' was a .argo attendance of buyers,. which resulted in joinpotition'.'ljoinj.'koen, Prices:—] Calf skins— 3onnd,;.iJd.; lVi>; . ciit,- 2gtl."; "cows,' j£bund;-:3}d. > i slippy,. 2(1.; 'greon,. 135. : isicli;/yearlings;', .'so.ujid, '.2-Jcl.cut, "id.;. slippy,i Id.; ox,' wiiiwl, sid., lo sjd.; slippy, Id.'; t'recn,. 21-;.. CDch.,:;;Sheo'pskins—Crossbred,; dry, IJd. to 4Jd.'; brolwsn, -23d:; dead, ~3Jd.; salted, is. Sd.. to 35.-.ld.;;qXcli; damp,. 2s. S)ci., 2;..10d.,: :o -35.: 2d.' ; each; black, 3d. lb.'; .hoggots, -id.; ambs, dry, BJd'.,"J4d., to 4Jd.;• broken, ■ .;';d.; lead, 3d.; damp,"ls) 7d. to 2s. 2d.:each; salted, !s. '3d.'/each.; pelts, B{d.'. • Wool—Crutchings, Id.; ;,'dcjid,;„Bd.'..%;3Jd.;. caw » tips, Is. Id. per Ic'z. ;" tallow; per ton. "sheepskin SALES. '-'CM.'.' - Messrs.-Murray;' Roberts, and. Co. have re-csiveU-ltHa.'follb.iohs market cablegram, from their Londoit liou.se, Messrs. Sanderson,. J.lur-' ray,/, aiid. Cb-i '~ dated Juno ,23"Fu11-woolled merino '^hbopkins:thave-advanced'. : Jd...per 'lb;; full-wooiled crossbreds have, advanced Id., and shorii : skins"i 1 .!." . .:.;Tho : -?\ T eiv Zealand. Loan and ■ Mercantile Agency Company""have received the, following cjble mcssasc'froni London under dato Juno Js:—"llferino have' advanced id.,- fine crossbred and'coarse crossbred 3d., "and' medium cruss- : Id. - Sales progress 'firmly."; .. • - V • /LONDON MARKETS. ' Messrs. Dalgety" and Company, Limited,. Wellington, "liavb received thiS.iolluwing cable messages. lrom their London house,, under date of. : V~EuTten—Marlc'etLiirm. Tho Copenhagen "offl- : ! cial"|'qu'otat!diiT.'iJi"tii:changed. ■ The total im- : ,ports;";of : " butter/into-tho United' Kingdom for woelc'.eiidiiigrrXiuiS'.'SO iuiiouiited to '87,0C0cwt., as r corjp;li'ed'with'B3,liooewt/ for .tho corresponding-- --week, "of-4i)l)i : , -.showing ah . increase of 1 ;/^/.../^*// ■;. I'rozcil Meat:-r'j.'hero i 3 an active demand for ' lamb. and '.- tho/'mnrkot; is yory .'firm.; Better prices .-are a shado iirmor.: Beet—The advanco checks business. Our /quotations -for', New, Zealand descriptions aire:'— Prime-l".,crossbred : lamb, Canterbury, heavy, ■s|tl.;' light,.-53d.;,•' prime crossbred lamb; North .Island, Ui'oaVy, 5d.;. lifeht, 5Jd; prime .crossbred; mutton,',. .Canterbury, heav;-,. 3jd." light, -'crossbred-'mutton;' N.)rth> Island;. heavy,. 3Jd.'; "light, 3|d.; prime fx beef, fores, 3Jd.;. hipds.,.,4Jd.' -~ • Sheepskins.—Since, our . last advices priioc are liigher'as:follow combing,- jd. per lb.; clothing, id.. por..lb;, crossbred, combing,' Id. per lb;; clothing, Ml. por lb. , a rise in prices of 10 per cant, at next .sales. ; .

.'lTallow.—Any .change in prices is in favour of sellers; , ; "WHEAT STATISTICS. . BY IELEOBAPn —rniiSS ASSOCIATION— COPTBIdm London, June 25. "^■''The'..American, visible supply of wheat oast of'tho Rockies is estimated at 23,103,000 bushels. : * MOUNT LYELL RETURN. ill TELEGIIAVII— rn'ESS ASSOCIATION—CorTI'.IOIIT

' . Melbourne, June 26. ' , .The Mount. Jjyell returns from May 21; till Juno ,17 (inclusive) show that 50.967 tons of ore -were treated/also. 512 tons of purchased ore. The converters produced 750 tons of blister copper, containing; 710 tons of copper, - 51,184 ounces •of ■ silver, and 1452 1 ounces of gold. • : GRAIN AND PRODUCE. ~ (BY TELEGRAM—I'IIESS ■ association.) . Christchurch, June 26. The wheat market is very dull at present, and no business of consequence ; is reported. Growers have a firm idea'of values, but merchants are ' not disposed .to give tho prices asked.;Thel/British market shows a decline of Gd.' a quarter, and though this is slight it 'hijs/'ir depressing'effect-'on the' local markot. 'Potatoes are" a -little easier, and there is not "a great'.'quantity.;offering. . Growers, however,' are ..beginning'to<send their supplies forward more freely.- . ' KAURI ,TIMBER, COMPANY. BY IELEaRAPn—PBEBS ASSOCIATION—COPY^IQHT ■' Sydney, Juno 26. At the -half-yearly imeeting of tho Kauri ;TiMß6f;,C6i)fiiai\jv.:tho chairman stated that business.;generally .had been well maintained, and- that', there .was no ground for uneasiness regarding the prospects. Re-valuation of properties was proceeding, and the result would bo' known in'.tlio next balance-sheet. Tho company had paid olf its dobt of i 646,000 on July I.'

' Messrs.". T. ' Kennedy Macdonald, Limited, will submit-to-auction; on July 7, by order of tho Public .Trustee, two freehold dairy farms containing. respectively. 22-t acres 3 roods 8 perches, and .244 *cres 2 roods; situate on ;tho Main Akatar'awa"RoaU,"oloven-miles from tho -Upper THutt. The properties art both cleared and in grass, also.'ring fenced. The ohoeting of the Council of. tho Churches will be held in the. Courtenay Waco Congregational Church on Monday, night. The' subject of "The'tCliurch and . Social; Reforms" will bo introduced by tho. Rev. Arthur dney. , An assigned-butchery business, situated at 65 Riddiford. Stre'ct7~.is advertised for sale by tender by .the. Farmers' Distributing Company, Allen Streets