FINANCE AND COMMERCE.

Dominion, Volume 1, Issue 274, 12 August 1908, Page 10

FINANCE AND COMMERCE.

. - ?THk'SH^ '• InTostmerit> ; shares-•were •rattier- (lull' ycsfeiy day, and-no business was 'ropoftid." ; tions were without variation, and thcro -wero an■increased "number of selling orders. Notional Bank;, sellersy£s''2a.; 'Bank-of-Now- Zealand, sellers >£9 2s.;' Wellington Trust. and;: Loan, .sol'lers £1 9s. 6d.; Wellington!,D&"'o'sit,Om<ftC? s C ■ 3d.; National Mortgage, buyers .£3; Loan and Mercantile, buyers is.; Feilding Gas, sellers 18s. . 9d.; Hokitika sellers . iES 12s. ; -Wellington Gas, ,£lO '.paid,' sellers' dfii9" Gdlij/National In-V surance,"Buyers sellers..;,£l -Bs.";,'NewZealand Insurance,"sellers \JBB' 15s'.; Sou'tK 1 British: Insurance, sellers ',£2 155.; Standard Insurance, Frozen. Meat,, sellers ißj,-,Meat . <63 35.. 6d., cum dividend; New ping, buyersi£S ,55.-; Union Steam,'buyers 3i>s.,'' sellers 355.; ;6d.| Fgrxy;-.-,^el-, . lersl7s. ,6d.; ; v#B'" "Bs.;. Donaghy 'Rope 'aud'sT-H.ine\-]sellers-,','23s!;' D.I.C. preference, buyers 225.; KaUri Timber;' 15s. paid, buyers lis. 10d., sellers; 12s. 4d,.; Leyland O'Brien Timber, sellers 455. ;fMai6il}S Co., brewery; shares, soilers .£3 17s.'; "NW Ze&iland Drug's, ~ sellers X 2 lis. 6d.; New Zealand: Paper Mills, buyers 225. 9d„ sellers 235. 3d.,Tarariaki Petroleum,"Buyers 45.~" 3dr," "sellers 55".; Sharland's ordinary, sollers-20|. - ■ . THE MINING MARKET. . ■ " There were sales of Talisman .at 475. Gj;r . and Waihi at <£9-ss. 6d. and X; 9; respects quietness prevailed. Yesterday ? s qubtartions were as unasr,^ft;;ogs. /C ,SS ' Buyers. Sellers. Sales. , £B. d. £s. d. £s. d. Talisman ... ... 27 4J 27 6 27 6 : Sa ; 9aM- • Kuranui Caledoriiari :r o" 0- f 5 - N.Z. Crowri- : ;o?w/;:f'■??»»••? .r:Tairuaßrokbn'Hills.oiv2.;)7,> :><(. -r m- i- . ' • 'h ty——« : NEW. ZEALAND ;PRODUCTSuEXPOItTED.., Leaflet, 'No. 58, issued by the' Department-'of'* ■ Industries and Commerce, gives the quantities and values i of> oertain.^New : .-Zeiland | .'pfo'duc'ts'' exported iii;JulyjJand'j the.values.compare with l , those of tile corresponding mon"thi.o£vl9o7 .as.-, under:—

1908. 1907. Butter w ,39,319 . 25,375 .. Cheese _ ... :V. ! "3,'577 v 3;702"" Beef » ... 42,951 55,571 Mutton ... 92,139 143,066 Legs .and pieces ... 2,379 4,868 Lamb'' ;... 154,8iti' •"1C7,61i . Oats l i;._ 13,613;. : .299..:.'; ; Hemp > : 21,646.- 47,536 Rabbits "" '"4,523'"'"'' 6,05)1 Tow -1,647 "'''6,119. " " Kauri gum 16,926 63,426 Hides ... 11,364 19,339 Skins ... ... ... 39,312 . 72,101 Tallow ... 34,383. . 46,013 - Timber ... 21,915 J' f 25,147 C 7' Wool ... ... ... 228,285' 207,882' ; Gold ... ... ... 167,553 21&;S0&Other products... ... 5,413. ; 10,063 :• Tho decrias&jj&^fe''' uriounts 'tqi(th,a,<vcrytflarge about 19 1-3,.per cent.- TJio incte&se' ill ...ivodl, it will be : ;Eeeri;>amounts to over*'.£'2O>OOo%but this tho heavier djjpffiijfcts, the oxportg&last month- being against 4,23!£fd21b. in July of last-year..., .Thus, wo havo ihadi : to';'ejpOrt : neatly 2,000,0001b. nioro of wp6l;_to,obtaimthis'increaso 'of- i£20,000. Srid-tha'Clf Owas; necessary Oast >mpnth , 5,674,56g1b.JQif: wool to obtain/.the,™2o7,SS2!'wli Teh;was secured - last year :df'4,239,1021b.-; that is to say, we vh'avo ..^ad' to !export l'^foidGlb.,'6r over 25 perjccnt. hioro wool to obtain the same money a3\inSJuly last year. 'The results, are far from satisfactpry. ..... i 'J'

Tho' annual .report: pf-B's'®rankfort Chamber" of Commerce contains. sbme'.-interestingrE'foK' niation chemical mdustry"ih 1907;' The demand for chemical products-was .exceedingly~brisk--.ind-ui certain specialities surpassed expectations, tven the American crisis did not appreciably, lnicrfero with ' the general prosperity'of-'the trade. The development 'off 'tho ■ coal-tar industry in particular was again very pronounced. The only drawback tho Chamber finds concerns tho new British patent regulations, which came into force omAugust 28/11907, as German patent'' holders are threatened- with-the loss, of their British patent rights unless' they manufacture within the space of one year,, tho patented article in the United Kingdom itself, or show cause why. they were prevented .from ,doing. so.' In many- instances the sstablishmenfc of branch works otfißritish 'soil.'is scarcely possible,within ouch a 'short'''time,; while': generally.it maXo : j» , very irksome and unprofitable. ' Consequehtly the Frankfort ..Chamber of. Commerce recom-. mends the conclusion of an..'Anglo-German treaty after the model /of/the "Italian-German and German-Tu'rko ones, which "'free .patemees of both parties'-'from the obligation r of" having' their patent articles manufactured" i>i'".:tlle country ,whioli; ? has> graritedf the- letters pnd in which they are registered. •' PETROLEUM MONOPOLIES. Tho introduction of a State monopoly of petroleum is statod by tho "Kolnischo Zeitnng" to bo under .discussion in Rouinania,. Austria,, and Germany. Although the naturo of Goveminent monopoly-differs in each-,of- '-thesecountries, the'common'basis is directed against the Standard Oil . Company,! as', tho-latter;'af-ter concluding,- an agreement. with. ;tha i'EnrOr' pean Petroleum vlJiiion,,fresh- attacks bothVih'Euripe'an'rnarkotlramilk potroleu •countries,,,'as.;it lias' been found impossible-for • a--private * company to successfully: meet these endeavour's..:.; iii; Houmania and Austria,' thojl demand 'for the establishment of a State monopoly appears in a

WELLINCTO N ;w S HA.FTEy - LIST.

irather'indistinct formli. The nuestion .in-tho , fqpmer country "has " been,'raised in tho shape of'a proposed of tho domestic con.immption^rchilsfcin'Austria tho matter-resolves itself into monopoly of tho refining industry, but in each case the problem -has hitherto not advanced beyond general considerations and re-petitions-'kif. the .danger.-of the .invasion of the the demand has assumed a more definite* form, seeing that a trade ifib'nop'ifry. for. tho Government is suggested. The,-champions of'- this t monopoly regard th ■: 'present; ; tinie. as,.specially-favourable-for its iiii troductiD'n,.:becausii theL'Austrian; petroleum industry is, in course of great expansion, because. the.rAm.erjcans. have made themselves disliked pt.their contracts," and by. '-tlieiii ittemp.ts, jtoiiKhplls; exclude the niiddle''meni(.;and?bceauso'>the,soflcessioris held by -the' Geriian-Ainerican Petroleum Company for its 'ireservoirs ~nncL ihstpllatitms in Hamburg will ioxpjre an' 1909.. Gri'sthe hand, the'organisanefn. ofiavSt'ate'.niDnopoly in Germany, it is considered, would yiold a considerable-revenue p; the .Government. __ ■ DERELICT:"' 'CHANCERY FUNDS.In answer to a-question in the House of ..Commons,, the .Chancellor., of the. Exchequer, Mr.' iK'apwrittdn', reply stated that the nominal Valfie'of-the securities and : money in the , Chancery Court on May 31, 1908, was as"""fdllow:—Stock, £47,509,050; cash, ;§t,-yG,3psmoqey on,, deposit, 507; total, .15(],0d3,502. The" amount'of funds in Court on .September 1, 1907, which had not been dealt with, other than by accumulation of'dividends, was .£1,110,579, distributed over 3400 separate aceountsnme half of which do not exceed JSISO in value, and only about one-twentieth ;rajeed amount, of.unclaimed -stock transferred' to the National Debt Com-' jnissioi}s$ J "t6 r MUfcli^3l, i 'l9oß, was 38-1,981, "of which there ha-d-"been re-transferred-' to ' claimants, at that date i£3,447,741, leaving still nnclaimed"se937;24o; f "'The total amount of the dividends --to- March 31, ' 1908, •" was. which there had been reclaimed r, to that date lea-ving still uniclaimed -£l*Sflfi;s3l«i:,i,The unclaimed dividend account was-.tlfi.ce.'diawn upon. In 1866 stock to, the! amount of £3,000,000. was cancelled,, but the amount required to meet the full liability -was. subsequently,, ijn ade, * good 1 out., of- the -,in"terest; earneH b'y ; *{li6';.investment of tho unclaimed moneys; in 1904, was paid ■into_tho. Exchequer- from tho unclaimed dividend' account.

immi.K.>.£??? HEPBURN LAW. 'The Hepburn law.came into force in the United States, on-May ,1 last, after a long notice,, It enacts'that ."from and after May 1, 1908;- it'-'shall"'ho' 'unlawful for any railroad ,cqmpany-„to-...transport from any State, territoiy,, ,or_ f]istr.jsl; of Columbia to any other State, territory, or- the district of Columbia, or to any foreign country, any article or com-modity-other than timber and tho manufactured products thereof, manufactured, mined or produced;,.bj'V;it;;aKunder its .authority, or which-it may own "in "whole or in part, or in ythichritjuay have .any,interest, direct or in_dircct; cxcept suclr articles' or commodities as jnayibeT necessary and intended for its own use in the conduct of its business as a common yet. as ••.wished/ its. object TOgr fa Jliyegt railroads, of .the -ownership or fora? lands - on i account i of crimination inevitably induced and ; operators,—A year was allowed for ..?a?b.<Utapmf»te;as.ttißht be found necossary for the_ railroads to digest themselves of these .properties so. as own or have an interest Inducts which;-afford a considerable -paxt ; of{the. > traffiojof-some of them. The'lav .had.''ljeen 'in' , *act'uiir l 'oporation-'m6ro than a •month"when last mail'l6ft, and the attitude df'tHe : parti'es-affected ; by. it is such, that only "•bnO 'ofrthß-railrbads-hiive taken even preliminary stops towards tho'segregation of . the coal 'l/irtds r 'depa'rtm6nt fromjthe transportation sys-•.'tem..--Their evident intention is to dofy the law ...as. longi,?s a they,.can., I ... ....

Tho Customs revenue?collected at Wellington :yesterday "amounted "to" 14s. Bd.' ■ ' -i j STOCK ECHANGE. (BI TELEGRAPH —PEES 3 ASSOCIATION.) <*{, ! „«*•. w ~-1 Dunedin, August 11. Stock Exchange' 'salesLady Roxburgh (contributed),- Bs.'Sd.'(two parcels); Riso-and Shine, .£1 135.„.9,d. r (two parcels); Milburn Lime aud Coment (105.),' 14s. ■ 3d. ; ,1. 'LIVE' SALES. Messrs. Abraham and Williams, Ltd., reports on their Johnsonvillo salo as followsA full entry of beef camo/forward. A fefr pons wero of,_prime quality,'and the balance light and unfinished sorts. A lino of cows, of which a,few, were; primes and:;,the others rough, old, and -unfinished cows made 21s. for beef. Best .bullocks,' .CO to JC9 12s. 6d., JSB to 17s. 6d.: : cpws, ;XC to £7; plain, .U 17s. Gd. A good yarding of sheep wero keenly competed for. : Best owes mado 18s. ftl.j; others, lGs. Gd.; light 13s. Od. to 15s. Bd.j heavy wothers, 20s. lOd! to-225. 3d., 19s. lOd. to 205.; light, 17s. -Jd. to 169. All. 3T; SALES. Ipx TiLEOEArn— peess association—corrnionT.)' (Eeo. August 11, 10.25 p.m.) '■.* ;r .W .wu Sydney, August 11.. , \Vool.—^onipetirion- is- keen for new olips. slightly,,,weaker, othorwiso prices ;generaUy.v:are-'aboufc-equal to last month's Bales. . twita :i''( •niiwin

COMTAXY " r- ' 'bn-pitfLl ' irfimPifcl P'S •jj'iabi- <3! r^ CES ' ._. : m.Vs- f investor. Fonvird. „• onaro ' H g Buyer. Sollor; Sal0i BANKS. -,. < S'/;'-. £ H ■'i>|£c s. d., s. d. £ 6. d. £ s. 1. Now Zealand ... ... '... ,; ..V &o6o£io~ - OMB?!' 'm * T - *'9 2 0 0 0 0 314 1 katlonai; t ... v ,. v ... >'Ii6l73da i - jjj ''is' ■• $' -S'-1 U 0'~5 2 0 '6 6 0-5 14 3 INSURANCE. National ... ... ... joo.coo' •: 249,339-' „;i, - is"'1 «7 r 6 ,'Jli 8 0 1'7 6 5 9 1 New Zealand .... ,;.. ... ... JOO.OOO t96,674 2 s m 3 14 0 3 35 0 315 0 ,5 6 8 Bouth British .,,100,000,, 41 ...Jn . ,.2 35 0 sir btandard.^...y....v ; u ; ; v Vi,,V?V.'M,$'7?.;2-'.8i w 1 30 '■* 3 0 FINANCIAL.'-, I'r'v" .' _ . Equitablo, Building ...j ! T: CO.Tk;' tR .,; ,5i Jff O/.O'UO.' 2 0 10 ,2 6 4 19 0 Metropolitan buiiuing ... ■ 10.742 i-.OSd in nil 7 /Wellington Invest ... ... 10,000 SAM » a 0 Oil 8 Oil 0 Oil 6 5 4 4' Wellington Trust and Loan ...-v ,101,250;. ,v44,3M r * 5 ...a, . 7 0 6 780 562 National Mortgage ... ... •_.< . • J9UM «*•«• 8 '-"itf '3'0'0 •* 3 0 0 613 4 , N.Z. and-Hirer tiato ... ' '•••' v 'iCb.OOO ' W f *' nil' /s" *0 : 'l 11 0 1 11 6 4 8 11 toan acdjAlercamiiu ... ... MMJU J tj0 0 4 0 043 040 1210 0 CASi - - - - - •' '• imcMana' * ' ?w C'm-istcnureh ... 160,000 iMn7 » „il 914 -g 015 0 10 0 0 5 0 0 i'eilding ... ... ' 12,000 UJj i u il ... Ola 3 0 18 9 019 6 Gisborno ... - ... ... ... ... ■ 17,800 10,£65 1 nil il? ' 2 12 6 210 0 510 0 . kawera ... ... ... .- t.250 _ Jff ■■ -- : .. l\o«'i'lymouth '■ ... ... 'ME.CCO*- " 3iUl- 'ty >nir 1(1'"' hapier ... •... •••). ': in : nil 15 .. ,-,£3,ie4 .5 . I'almerston North ... 27,COO 11,093 ,;i "j Jq 7 •": 7 6 0 6 3 3 _ ' Wellington » v —' 124,570 ■"U.ViM-10'--nil, -10 • 10 17 6 19 1 6 5 3 3 : ■ - i;,v: . - r .... .u C,4„""ty'K't' T ; what, - 7; ; Cantorbiry, ... ... . ]63|7 , 7 »'* 0 0 " OnristcllurcU U5AS0 , {u ril 6 10 0 0 uear ... ... ... ... „. ... | 16,5201 1 nil 32.J 2 0 0 *210 0.2 9 0 5 2 0 \"ellinston "Meat Eiport ... < .i'l . ... I..-- E n : 915 0 2S I ' ' • „ „ ... ... ... I i05 s YG3 47.050* ,-| .f" o , WanEanui'" Z 1 15,850 10315; -v ; | ... 336 TflANSPORT, ,«■;» (.fiyiHiMo; ' W. and M/ E&ilway .. „ 170,000 _ 121,453 L _4_ » a « n 2_ 9 0 " 2 9 0 2 17 2 . h.il. uuippiUK 4Ta7t«l~ 110,7KJ 'g nil "5 6 5 0 " ' 6 O 0 613 4 Vjuiou iiMta ... ... WUM 1 nil nj .115 0 115 6 ' 1 14 9 6 9 3 , VlBtn. bteam Ferry ... 4li,si0 >i} 1 r J 6,4 .L 017 6 j coal. ' ~ \7estport •... ... ... ™ ... SC0.000' ".'117,431* ' S j ' f ']S 12J 610 0 612 0 618 0 6 7 laupm ... 16.UXJ' ■ b.vJj- j nil,,7j.T; : ,0ia 0 019 O 714 - wootLEn/'''-ii-. '•*. Kaiapoi {i*£ !.„„ j.., ■ ;%B4 r , 5 nil 65 * .i.iXT" i-jii" . ' ' ; • Mostiel .... r ..., .... ...' ... . bJ,45'/ b4 H--4' . Wellington;; ,; ».' jHfjaS _ ■ 4, " ],f, "3" J"0, 8 ;0 ' 3 1 6 7 2 3 MISCELUANE0U3. ;■ • ' Donaghy;;Kb"pe:'..v: U\... Of! 'nil---"6■'* ~iu.i .-,t 3 0 Leylana irad'iO'IiricnfV'W.;- •• i6,UO, , r -.t7,'i61- 1 nil-'-lO -9'5 0 2 3 3 6 19 0 liauricevillo Lime f -7,Ua) ■' .--s.05 1 n ji • g jN.il.-Candle, r „iuX/Xi. 10, n iu. .-18. — . ' - N.ii. Drug? ' .... '. 51M0O; -r6;?30. 2 nil' '7"TlO'6'"J 11 6 , 211' 0 6 3 0 ■i.Z. L .';.' i: !'47i'5''l ! ,6Bi*' 1 nil'"' t l l Q*' 6' '1' 3 3 13 0 N.Z. Cement > ;■ ..ISRlOi)-- i■SOUS'" 1 ' nil ... 1 5''0- • ilanning^and-Co.-. ; ;.:'-V-l„ J-i 1 .;. --" LS.CoIp, ,--.i5iL70(j ;-4- 1-'' JO- . ''317. 0 ' 316 6 10 9 1 , Ward arid. Co.'-'.v.' " :.. : --f0,000." /;■-84,o43-i 4 ' 11. .10 .'417.. 6 ! 4 15 0 8 8 5 , Wgtn. Opera .Eouse ... • ..iSjiiaO.. ., , 5 ; n ij' 790 Wgtn. Fre3h. ; Food' 'nil ... Wuitcombe and.i'rnibs,.,.";W50 ■=''"'ICilS3^| 1 nil 19 ■ ■. '"'4' 2 6 . 1 bharland."Iitd: '... £i,'C13 ;^ ■ 'UM \ 1 ' niF'".rf * " : "'l 0 0 019 6 714 0