FINASCE AND COMMERCE.

Dominion, Volume 1, Issue 258, 24 July 1908, Page 10

FINASCE AND COMMERCE.

THE SHARE MARKET . V- K; " Vl Investment .shaics' -were again duir yester— I®'; outfit is pleasing to record, that: tliefo. r is' • - <» : >v :an j mcreasc in the number of buying .was, inquiry for bank slial-es;' f aak - Of Noijr Zealand, bujers".£9 2s."soi: : : > National - Banks,--- buyers'- .£5 'Is.?- .. sellei'f;/.i5.25. Financial shares were hrmami y>ellmgton Investment, sellerslStf," .vi..,«re Wellington .Trust and-Loan,' buyers- ■£!•- ~/5.,-Wellington Deposit, buyers 95., .'sellers' 1 9s, > ,/ Mortgage, bujers j£2 : 6d';- ■ >ls., New. Zealand and Rner' Platei ■-'■■■ v. sellers ,315., New - Zealand Loan and Mercah- ... tile, .uu} ei s 3s. lid. ■ . Insurance shares--v/ere vf j :• .quietr?r«W. Zealand Insurance, sellers'ifijriGsr; South c British, sellers £2 15s , Nation -v . .sunmce, .buyers 2Ts. 6d. Other "quotations" / liere—Gear Meat, M paid, sellers/J210,' £V .-, 'v- ,paid,v,bujers 495.,- Wellington' Mcat^Exportv •■sellers , 655.,, .Wellington. and Man a iva'tu.; Kails, Vs ■ '< is 6d , Westport Coal,'sellers XG lis;r"We6't■l- i ; :. : ' port-Stockton,/10s: -■ paid, sellers,!::par;,%ev!and--0 Bnen Timber, sellers 43s fid , New:' Zealand Drug buyers £2 Iff 6d , sellers £2" lis/ '63;; -New-/Zealand. -Paper Mills,/buyers 225: 63:;--r, ■; /. se ,^ e^ s -???■: J <I*® [ordiiiary," Eellers 20s. '

THE MINING MARKET. ' ~ J .'.v.. : The feature of yesterday was the revival-of Talismans;ijnd rWaihi. .. The former sold ,at : 4's., .and 475. 3d,;~:while 'the -lattei'r'.were : in ' 1.-. - : (IsoiancL <£0 ,3s. 6d. There" was 5 ho* t-Vchange. ~in pother, shares. - The- quotations were

Ji ; this list,., winch affects a quarter,; w- y. hero is- a' deficit of ;£G10,376, and the ■ decrease- ■ -or the nine-months must be i pretty <il)le, -It seoms- likely under the'circumstances: that the trade year, which closes on. September < 30, '.tho exports will fall short-of ,tho,previous- / year by fully four millions sterling, unless, of < course, 1 there is a splendid, recovery in values • v in the meanwhile, which seems quite, unlikely. v It is"this enormous shortage ,in : tho incomo of tho/jJeople/'that' to urge '?';f; cirition and: economy.. -.'-A • grcat-'\deal - will be. gained when tho people.realise .tho.true posi-, :-.tion, for then somo effort will be,made to meet, tho, conditions. j

" .Tho Customs revenue / collected at ton'yesterday, amounted ..to 0C2120 14s.' sd. : " STOCK lACIIANGE i' ■ (BI TELEGRAPH—rRESS'ASSOCIATION,). ' ' • Dunedin, .July 23. ; ! •'- Stock Exchange sales Standard Now Zealand Paper Mills, <il-3s,;;Tangi«. . k.'tfron;- 15..7 d.; Westport l Ct01,:,£6(125.-6di LIVE STOCK SALES. Messrs. Dalgety and' Co.,- Ltd.; report:—At Wanganui, on July 15,Mf0 had a small yarding •■;■■■■■. of 700 sheep and 130 cattle. On account of the .. rough weather/several of tho Entries " did not .'v'. -coiiiol forward. . The bulk of the sheep consisted of' forward ;wethers, • for-'which'there' was

'fie-iau*. demand, c .Therei was an improvement in, cattle;, jin.d spjqe, nice pens;'of store cattlo elicited'brisk" competition. W6 : made a good clearance.. .•• "At "WavArieyS'" 'onM-STnly ''17,' .we, yarded 300 sfteep&nd 80 cattle; rough- • weSther being re,sponsible: for;;,short., -. - There was a I quiet demand for sheep and a brisk salo for cattle. ;i On rJ.nly 16,~_:we; sale of .dairy -stock on bphalf. of Mr. Johh Daltoii, Waverley, wTfhfen wo, offered, 130„.co)j;s n etc.,; TJiefe was a '.goodi:attendance.';.- ;Thp. -.airhole ■ were in good condition, i' Cows,'rshdwihg/Vfell-down, sold we)l, backward, sorts met a qifipt sale., Sun■dries'isold . • ' , .), , „ ; iC(h.July salo of dairy jgto'ck,! etc.", on. behalf. ofz-Messrs. Murphy Bros., iWaverleys wlien,.we,.offered-72 oows and a long list." of sundrjes., ; l .Thy:.e lli )vas' a. large attendance. The'''cow's were "in excellent condition,, ;and .(;hero,was keen competition riglit through ;the-.salel; Wo-quote Wanganuiirj-Fat-ajid'-forward .wethers,. 14s. to -lSs.'; : 'good two-tooth wethers, 13s.' medium la'nibs,; 7s/. 4d.;; ;f.irf;:eii'6s,ifis. ; three and 'a half to»four73;ear ; fbullocksi?'i{!s Is.' to" 3s. fid.;'- ■ two'and a half, to-three-yeari steers, i! 3 19s. 6d. ;■ 1 tWB-year •' steers,''; ; rf!3 Bs;Ti]l&-riibrith steers, £2 175.; forward! cows;.si£3;-12s. 6d.; springers, £3 175.; storo cows, 225.' , !

- Waverley.—Old -ewes,- : 4s. 2d. ; three and -a half-year " steers/ 1 M , 175.; three-year empty hgitog, ; 4s., 18-nionth- empty nener3i'~3ls(;"srore>.cbws"sls. : . , : Mr.'. sale.—Cows, spring calvors, J25, 'SOS -10s";, 'JSJ 10s., iß;' to £» 15s:; baclcward7soj!w, i£3, to 10s.; Jersey calves;' '12s. ''Bi j-l'-porkers, ,275.; • half-draught mare, • Mi; 10s.";''i5eluing;"!i8,'10s. Messrs. . Jlurpliy Bros.'- spring calvers; i 66.'105., JEB, i£B 10s., i! 8 sorts,- to £&;, empty 'eoivs,--",22" 15s:; ' })ulls, ■ 30s.' to /-425. 6d;; small bore-pigs! $s:"tb.'lßs.'; aged draught'maro ,and", dray;!^^;;,hack, ; L&.v; report that at their"" Palmerst'ori"'sale', yesterday they .-had . a i small.-entry of.-.,sheep, and'.a, fair .entry of i cattle.'/', ThSre ><fs?a gojfl demand for ; young for • breeding ewes. ; Mixed'age-eweV-'iritlamb'.made.from 9s. 5d., "t'o"9s:-"6d: paged ewes, ss. 5d.; small 2-tooth wethers, 9s. -3di.; small lambs;' 6'£j fat ewes, 13siid. ;^e l ?75.:-6d..'305., to i 2 6s:; forward heifers, £3-, fat heifers, flight'weights, <i£3;:l4s.,jvyeai'ling steers, 285..6 d;; mixed weaners, 10s. to 145.; 15-months to 20 : monthsV steers, £3

. The 1 Now Zealand, Loan arid Mercantile Agency Co., Ltd., report :—At ...Palmerston North, on Thursday, we ha'd a fair .yarding of both sheep and cattle:-. A good demand" existed nll'Tound, particularly;,-for'young.'cattle, which i showed a decidcd-.risi}., v.We .effected, a good ,clearance!,at the' followM^/price's2-trioth ewes in lamb, 145., 2d.;. f.m."'owes,in lamb; 10s. 2d. ; cattle; weane,rs"ismall)j;.?s., 6d, -to, Ms. 6d.; year--1 'ling, steers,: : 3pS.*;;'''efflpty" : heifer^,': v £2 25.; 18- . .months SsVj'-'fat cows! (light), ,£3 Its. ' 'to''i£3* 17s. «6d.s fat cows (goo'd),: J!5. 2s. 6d ( ; ; 'springing heifers, £3 lis. to £i 15b. ; .springing ' 'cows, £s"2si 6d.; faij heifers, M 55.; forward bullocks;-K£s 10s.; v fat bullocks (light), £6 13s. At the various .clearing sales of dairy stock held during, the week wihave ~had good attendances, the various., nerds averaging from , .'£s to £5 9s.' . , iu f TELEOBAriM'BESS ASSOCIATION—COPIEIGIIT.) ~ ,K' .*, t' '■.: London,; July 22. The.balance-sheet of the Union .Bank: of Aus-. traliaysKows deposits totalling JC19,966,000; cash . _and remittances' '..in t transit, • l >614,820,000. ' ■ (BI TELEOBArS— : ' ! • London, July 22. IP Tin.VOn g{st,££t323os,*; three months', £188 ■ "ids. 'per toff. ' :: iAu TALLOW . SALES. ■ '' ; (us ASSOCIATION—COPIEIOHT.) ■ London,' July 22. At"tho"talloW £sles~6ss'~casks.iffered and 482 sold. Mutton, fine,..B4s. 3d.; medium, 31s. 6d. Beef, fine, 335."'3d. ;'medium, 31s. ; ; ' ' r -' V * >:rnr •>;. WHEAT. ... (■ (BX-TSLZaS&ftirrTSttSa IS&CIATION— COPIMaHT.) "~t k 'i3,-i'""SW' -London,• Jiily 22.. -Two: Australian .cargo.e? .sold at 375. and '38s. ..per- respectively.... The,-.' American ..visible;.supply east .of the Eockies is esHinatedVatV 19,102,000 bushels. ' ' (b't TEtEijBAPH—PBBSS Coi'IBIGET.), u."; Eec'.. l July '2i, 0.6 a.m! ' Sydney, July 23. •»rlnthe hides market,there wasTexcellent com-petition,'.and.prices'.wero-very firm, v ■

THE "WOOL'; SALES.' Jtix TELEGEAPH^PIiiss':AsSOCIATIOir— COPIEIanT.) v**VSX ' •" ' "i London, July 22. A; very.}'good'Sale;''-Prices are unchanged.' The sales included:-^"Gear," Bd,;""Ngapapa," •Ud.' <„««,..«•. '.-„-Messrs.-.'Dalgety~and Co., Ltd., have received a cable, from: their London house, under date of July ; 22i! reading -as! follows:—"The -pro•grammollof.v'sales. wilL.ibc shortened by six days, prir:'own"last taking place oni August I."i.'" FROZEN MEAT. - •"(BI TELEGRAPH —PRESS ASSOCIATION.) ' Napier, July 23. • :V The C.C. and-® Company,.'cables from London tilo following .frozen meat* quotations 'Canterbury muttoni" id.'; Napier, Wellington; and ..North Island, 3Jd. Lamb.—Firsts, sjd,; i*scoiidscsid. Beef.—Hiada. £ore&.2U,

:.V:'.;',v .-.■■■ . , ' " * '"• ■''•"■ ■■' :; " '" • r" 1 "; : '.Jy' ■ WELLINGTON -LIST. ""'..:' ."—'■' '".£■. —. : .. —— 1 &<U'-.>,'y i* ' " Keiervo ag ...... PBICES, • . ■ Yield : ' COMPAUT. •mStS- W'' 4 " 3 5 - ■■' ' -i.'' to - "'.iv; ,•••'"• Paid .up, B&lanco . e£. /. J ► f Tt-A , Tnvefitnr -V :j : Forward, 'S Buyer.. Seller. . InTcstor - > *:W;a. .2 «. a. ii a. f ». a. 'V' -f? Zealand Vi..' Vi„ r.u'; .s/Mixtt},- iMfa'' «: 'kikt 'J"h.0 'M 0,0 314 3 National ' ~ ■« 3T5.000 361,363 - |j | ,J2. „6 ; 1.,5 .3 0 "f'.« .0 .614 3 .;.'.;i.':v. , INSURANCE. ;• /: •. - ' " /'"< : ' ....' ; : • ; .-•■ 3 >:mono; - Ti * <"" ' '-X, .' ... ■" soo.ooo "396;674' "o- * ■b"-* "lo:' ~ V, 16 0 ' 15 '' 6 n at^ •••;■•• .• mmkxt: .'tiuu: \T rial-'. soi'l.l.«is o ;ai5;o . m V btauilard: ™. ... ... ... ', is.ooo t2,3S6. | si .'. 10 m i.a.s i:2,3 .• ,. '({vhy - F1N A H GIA L :/ <& y yj. .v,-; ii'- i-"' B>m. : "&#&•* F$ *«fHS 0 »' 3'*# 4 19 0 v.r Metropolitan Buiiaing ; £0,743 6,653 .. nil * V- v Wellington. Invest.- 60,000 :<r .3,033 "».' t 'Oil 3 012 0 O1110l;5 00 ;;> 5 a;-^Wellington^ r I , rast and '' ioi,250- v44<334- • »: " r 5 k A Ifi'r 7l'T r 0: :7"9..o 711 & 5 6 3 C2 ■;*£■}> National tMortsago c... ; -&00.000 "'127," o <T,8.".. .10". 219 6" fro 3 0 0 613 4" and Biver Plato : * .i.-. ... .-goo.000 . 256,269 1 Vml' 111 0 1116 4 811 .aiid-Me^cantUtt ?8i648J.;"' j' ST 5" 3 ' 0 * 6 0 i 0 1210 o--.'A :1 a 't ; . .■i-il'-.r- Auciland ... ... ... ... ■„. 1E0370 . £5.463. -s 16' ■ - i < fyv'-VChristckurcS''... 160,000 ,V63,917 , 10 3IT-• 6- 102 6 10 0 0 5 0 0 '-TV''w —92#»- 'v oil —-019-0 —1-0 0 019 6 JS^vOteborne/.'~ . •'••' ■■■ ■■■ ' .17,300 ••iftsov } nil - 135 : 212 6-•••810- 0- 510 0 . jjllawera • ... .... . 8,250 .-i».-694 ,3 . 1 10 -- - — » New Plymouth ... ... i .... ... :18,OCO" ***3.159.-, 5 :.:,nil 10 r M ' Hapier ; ...-. ... ' ) . • , 10 oil 15 : . - 15; '■■ h ■. ■ . -v. ■\ ; Palmerston North ..... '...V' £7,000 '>11,092 . 4} .. i. 10 ■ 7'3 6 H ' ■;,}■ A ); > ; V ; '" -i-124,570 10: .«».•• i-10„ ,})},»,.6 •» -7. .6 .6 3 S ' ; M'EAT.' ' -■ = ;:SS''Mk Wi WM :.'P-' y"'< "!;■ C6.2&" l' i' : nil!. .124a> r.0 :210 0 2 9 0.6 2 8 ■v ... ... 1 ' ' v . - '■'■ 4 ,C6j 12s t9'15/0 10 g.O. v _ Z'; 1 105,768 i'SOT.; t<.'i/i;; ..b ,>-;t. .tsva -o . ..'WaDBMUi•: J . '• | V 5 8'/P' "'*> *■'' ? V ■ i : 111 lii ft % & 131 ~ ■■ dil 6° • 111 - 3 6 9 3 ; '' . ; v"' : ~ f ' %S|5' f , 3i , ,12i 6,10 0 614 0 ,618 C. ,6 TO woollen; :w,:. , .. V • . .., ■. ... ... .joajjeo :S2,854 5 "'nU 61 ' t : ' f'&Ms' ; j.. 3 ,v 0 -. 3 . 3 6 J 11 I MISCELLANEOUS;'''''!; - ::" '*• ,; : Md P^'Sri«r': :• v r-'..v''z sj'ia "•'"?]} i'vj'-i |.o • : S- ■ Mauriceville Limo ... _. - .. TnS 57, 25 } . 1» 2 3 6 '2 3 f 7 0 0 S f 5 jJ ssl b ■:■■ v. ■ - v -;v-v/:■. -. v SMOT V Mili'i • "' ''i-i' s S"-5 2 " " nUt> ' 210 6 311 ' 6 'SU'.* «'» 0 1 r. ; •■■■riffl-. 'i snl* .-»• i»16o0 ; : 316 6 10 9 1 - 11; -.°' 8 6 i ■ h A :: ;T1I .

' ' Buyers Sellers Salds/ ■ m , V v B - <!• '•£ 6/ d. ■ i s; d. Talisman . 269 276 2 7 3 , "VVaihi 9 3 6 9 4 G — ; - WaihiGrandJ.unc. : . ; 1 11 o ■ • — ' t NZ Ciown 0,5,4 Q 5,9 .'^'Kuramii.Galedon'n-,0 0* 9J<' 0 0 11. . / Tairua Broken Hills 0 2 9 0 3 0 — ' Tangiaro ,..,0 17 019 0J.7 Blackwater . 12 9 — i •. — Big Eiver _ ..."-;„r 1" 7 * 0 1 10 0„" ' _ ' ".PRODUCE EXPORTS.- ■ v the '■ produce : Btdlisticai : yeaV ' 7 'closed on June'SOjaiidit is interesting in viow* ' ' • ; ;f'in: prices' compare -the Tallies with those for the: corresponding,''period'of last '»:.^ : The;'figures, are 'as a under•», 3 <\ \ 1907-8! : 1SCG-7. MA/J-vl'•••■'.'.V •• •: •. ,•»- : £ . Butter 1,079,078 X Coatosi ■ t r ".'.Cheese • '719,923 •'■513,125' •• > . Beef 278,ICS 278,520 / 'Mutton, :701;847 / 918,812 legs, and . pieces 34,301 " 26,608 '* . 4, . Lambs 1,147,276 1,204,423 . .Wheat- .... ... 28-1 . .2,903 • ,;,:21,174 .i.i, 22;i90 I 1 . Potatoes 842 727 -,v.- Hemp - "427,4Sr 737,257'/'" , ' ' £i,m,%7 .£5,313,516 > !ho decrease shonn above'is .£933,189, equal to ibout .174_per cent., and is rather-a : serious 'A/'?; • Dairy' produce : alone • shows 'a" shrink- ■' ' : or abaut-.lGi-'per~'cetit-;i l - , biVt': -V '•his,- of c'qurie,' is not duo to. aiiy decline in' valuesiv thcre;:'lias" been : a. shortage JLn the out- » cw.t - 'Butter . 218 157 325,308 , , Cheeso .'... .... ... 253,330 ; 201,438 '• ' 471,793 - .526,546., , •I-- .- There- was a decrease in' £ho quantity 'exr -W.? rtou ? to 6^te:H753cwt.;-.or.more than-.10-per cent.. '1 he decline, it will be 'seen; is' •.whollj in butter, ot wluch tho exports which M*. we re-, less.: by 106,651cwt., or nearly 33'1-3 per cent ■••; 4.'ry/'' tlio comparalivn 'ficr-.: »-••: J 11 .® 51 , ™ r tallowy.kauri ; gum,'yskins,'Miidesp-'and' % fline.,ai6ritllB f '.Wit"taking i.« V% iquarter.-alone, that is, from April 1 -y>/. :June , ".the• ngures.compare as under:—:. ■'' i9w$ w 'v!Moe5~S!: , > Eibbits 1G6S v6-,507^--.-. 6 610 22,272'" 1 Kiun (,um 101,063 149,948 f Gram and pulse . 5 036 26,611 ;•-. i> ; '':'-5 0 P 3 - 'WM. a-: 1 . "! -XJ02 ,< P 1(ies 40.085,.' '54,459 ' S, kl ! ,s 1 SOO 271/004 Tallow . . 129 2G8; 149,688';";';' Timljer . .. 97,722./, -, 87,12? , Wool x 978,874 1,350,2.59'' •' «•'> r ; .Poultry. ... .... ... 5-'; 1 447 , ' f,516,2C0 2,120,636