COMMERCIAL.

Dominion, Volume 1, Issue 294, 5 September 1908, Page 8

COMMERCIAL.

THE SHAEEMARKET. . A fair , business was done yesterday >jn investment shares. Wellington Deposit changed hands at 9s. 2d., and New Zealand Shipping at ,£G 7s. There wero very' few. quotations, the 'market 'showing a tendency towards,' quietness., There were sellers of Bank of New Zealand at. £9 25., and National Banks at £5 25.; - Now Zealand River Plate,- buyers £1 10s. ,- Wellington Investment, sellers. lls.„9dv;,.Feilding Gas, ' buyers 18s. Gd.; Gear Meat, £1 paid, sellers £2 10s.; Manawatu-Rails, buyers £2 95., cum ■ dividend; New Zealand.Shipping, buyers £6 6s. .. 6d.; Wellington Woollen, ordinary,' sellers-.£3 10, cum dividend; Leviand-O'Brien . Timber, buyers £2 4s. 6d.; Whitcombe. and Tombs, sellers £4 7s. Gd.' •' ■ ■ THE .MINING .MARKET.;;' A fair amount of business was done in min- • ing shares.' Talismans registered a further decline, sales being made at 355. and 355. '6d.-, as against 375. 'on the-previous day. The fear that -weak holders would.become scared and -. sacrifice their shares appears to:have been fully • ■ justified, for the collapse of the shares cannot . be attributed to : anything else.,: ;:Waibis sold -, at £8 19si and. Big Rivers at £1 155., cum dir. Yesterday's quotations were as under:—.- • ' Buyers.-••'Sellers."' Sales. £s d. ,£s. d. £s. d. Talisman ~ 115 3 1 IJj ® JJ® § Waihi ... 818 0 9 0 0 819 0 Tairua Broken Hills 0 2 9 .0 2 11... ' - Waihi Consolidated — 02 0 02 0 '■ Blackwater ...' • 'I'B "' . « Big River ... ... - -' " 115 0 DANNEVTRKE GAS COMPANY. .. .. ' The first annual' general meeting of share- . .. holders of the above company was- held yester- ' day afternoon, at the offices of; Messrs. Har- ... court and Co.,,Lambton Quay. The report pre- . sented was -as.follows:—"Your directors have the pleasure* of : submitting 1 to the shareholders . .their report, for the last twelve months. Tho ' consumption of' gas as compared with tlio ■■ ' .twelve .months preceding the • inception' Pf,. . e ■company shows; a satisfactory: increase, which '.there is every reason to. believe"will- be con--hv. tinued. This.increase is, to a large extent; due - •'•■.s to the extension-of tlie mains since the coiii- , vpany took .-over ■ the property, and has only '..practically'■ made itself'felt during the last ' six months, and under, these i conditions your 1 directors -only consider themselves-justified in recommending a dividend for .that period. The :; " ; profits-for the last twolvo months, after de- - ~ ducting working expenses, cost Of repairs, and - renewals,' management expenses, bad debts, "and other charges amount to .£llO9 -6s. 6d. The directors "recommend a dividend of 2s. per ' share, wlncli absorbs .£569 10s;. ..to, be carried ' . to reserve fund,; .€345 2s. 3d., leaving a balance "of .£l9'4>;l4s.'-3d. to be carried'forward." The balaiice-shcct shows the paid-up capital of the company to be'.£22,74s,'sundry creditors, _• £161 95.-sd.;'reserves,.£6o4 75;.9d.' The assets ; include land buildings and plant, £22,055 15s; ■ •'- Id.; stock of coal, gas, eto., £632 os. 3d.;,snn!i£t" "dry debtors, £GG9 18s. 5d.; office furniture, ,£34 . ..: ' 'Is. 3d.';' cash 7 in hand and bank, '£1228 Bs. Bd. • The sales "of gas, products, etc.," amounted to - £3186 15sl 9d.,-and the operating costs totalled : .£2077 9s. 3d., -loaving a surplns:of £1109 6s. 6d. The report and balance-sheet "were, adopted and the dividend of 2s. per share was declared payable on Friday, September 11. Messrs. F. G. Cowper and W. F. Knight, the retiring ' directors wero . re-elected, and Messrs. Badham and Biss were ro-appointed auditors. ■ NORTHERN BOOT COMPANY. . At the annual meeting of the Northern Boot • Company,' held in Auckland on September 1, the chairman (Mr. Winstorie) pointed out that ~the balance-sheet for the year ended July 31 showed a net profit of £1174, which, with the amount - b-.-iiisjii t forward, left -a total credit 1 1 .. 'balance'.'of..'.U::S7s. The directors .recommend a. " dividend-at the'rate of 6 per cent, for the yoar and a sum of .tlOl) as honoraria to the directors, leaving a 'balance.-, of £3169 to be carried for,ward. . It was. gratifying to, be .able to report that therff -.i-'as an improvement in every depart.sc.: ment of ':-; b'ufiness, ■ and that : the ; 'sales . were '.iiitAigber than;-.in 'any previous year; v The total ',^'Vmountr.of ; -Wages paid was also/.a-.-record. If t'.. l..;the compaiij-. ; had_ been successful in-obtaining . '"tho nece'ssacK additional machinists .they would h'avo = additional jourrieymeri. The w ''•-•sales 'showed a record also for'the South Island trade, as well as that throughout the whole of the North Island. "Boot: manufacft'/wi turing,"'!iOßiitinued Mr. .Wins'tone,sf"was : an i-} Bloportaitdindustry, being assadiirtjdavitlii.the tanning and leather-dressing_ and skins being . produced in the "Dominion. These two. industries gave considerable -employment and a large distribution' of wages every week to the workers. All well r wishers : "V- Sfor'the success'of our local industries would ■ 'recognise the importance of the. efforts itfade '.•by. the manufacturers, to maintain those enterprises in efficiency and as means of employ- . / ment." . . , ' . MERCHANTS AND CHARITY DEMANDS. ; At the invitation cf the Sydney Chamber of Commerce representatives of a large number of trades associations met with the council on August 28,. to take into consideration tho mat- , ter of the numerous demands made, ;bv customers arid T bthers, upon city wholesale nouses in ; all trade's for donations and- subscriptions i _to churches," bazaars, and many other descrip- ■ • -tions of-local interests. It was stated during - - the discussion that many of these demands are .. so couched as ■to convey-a threat; of - loss of . . .;'business in .the event of: non-compliance. After ... ' a lengthy and animated meeting, the following resolution was"..? carried.. .unanimously:— .."That, in view of the increasing demands from customers,and. others for subscriptions lo various objects, : this meeting is of opinion that .-• all applications for Christinas boxes, donations, subscriptions, - etc., should be ■ dealt_ with by ■ trade associations, rather than' by individual firms, and that the chairman be-requested 'to communicate with the various; associations to this eifect."

WELLINGTON PEODUGE The' New Zealand Farmers' Co-operative-Dis- . trißuting Company, Ltd.,. report as follows:— •Maize, 55.; wheat, fowl, 55.; barley, feed, 4s. . 3d.; barley, cape seed, 4s. Gd:; maize,' crushed, ' ss. 4d.; oats, 3s. to 3s. 3d. ; oats, duns, 2s. 9d.; ' '"oats, discoloured, 2s. Gd.; oats', crushed, 3s. Gd., seed;)'duns, sparrqwbills, gartons, 3s. 4d. /African Algerians, screened, :4s". :4d. : peri bushel. --:' r'Byegrass, perennial, ss. Gd. per bushel; • Haj, ~; r : iG per ton. Straw,' .£3 ss. to ,£3los. per ton. : Pollard, „£8 10s.; bran, £7 per ton; sucrosine, '£7 10s. per ton, linseed oil cake (genuine), 15s. per' cwt.; prime oaten sheaf chaff, "JSS 15s.'; potatoes, table, £5 155.;.t0 iCG.per ton; seed, potatoes, specially'selected Canterbury up-to-<fates, £<j 10s.; Canterbury' derwents, XG;. victory, JSS; onions, Melbourne; J!l2 10s. . , ; Butter, separator Is. Id., milled Is., dairy Is." ■ Id. per lb.;'eggs,,.fresh, Is.,por. dozen; honey,. 60's, 4}d.; bacon, sides SJO., rolls Old., hains 9Jd per lb.; porkers, "D's- I.?. EO's 5Ju., 90's to. 100's 5Jd.; baconers, 5d.; choppers (heavy),' Sid. to 4d. per lb. ' .- . ... Beeswax,.ls. Gd.; -fungus,'.#!.';. walnuts,.4!d. •'to sd. per lb.; cabbage. 7s. Gil. to 10s.; cauliflower, Us. per sack; swedes,' 2s. to 2s. 6d. per "'cwt.; pumpkins, 9s. Cd. .per sack; apples, des- • -rert, 9s. Gd. to 135.; apples, cookers, 9s. ■. ■••'" •*•; Poultry.—Table roosters, 4s. Gd. to 55.; cock-: - erels, ss. to Gs.; table hens, 4s. 6d. to ss. 6d.; ducks,-7s.'. Gd. to Bs.; geese, 7s. Gd.—all'at-'per-pair. Turkey, gobblers, lid.; hens, 10d.—live: weight or dead weight. • • LHT3 STOCK SALES. .'Messrs.' Dalgety and Co., Ltd., report that at their Feilding sale ..yesterday they had "a small entry of sheep and a fair yarding of .cattle. Cull hoggets made 6s. 4d.; modium hoggets, Bs.; ewe hoggets, lis. 3d.; 2-tooth wethers, forward condition, 13s. Gd.; ewes with lambs, 165.; 2J-year.steers, .£4 7s. Gd.; fat and forward bullocks, .£7 Is.; fat bullocks, £7 18s.; yearling heifers, 2Gs. 6d. Messrs. Dalgety and Co., Ltd., report on their Levin sale as follows:—A good yarding' of sheep, consisting mainly of wethers and hop- ■ . gets, was quitted privately or under the ham- • mer at . the following rates:—Store wethers, 145.; cull owes in lamb, Gs.; hoggets, Bs. Gd.; ". 18-month.heifers, JJI; 18-month heifers, empty, to 295.; yearling steers, 15s. to 316.;' forward heifers, £1 55.;. springing cows, £5 55.; cull, cows, M 10s. • At Feil'din<r on Friday a good entry of cattlo and a small yarding of sheep. There was a good all-round demand and pricos ■ were in'favour of vendors. We 'cleared, every pen under the hammer at the following prices: Forward wethers, 13s. sd. to lis. 3d.; inferior ■, hoggets, Gs.- 7d. to 7s. lOd.; yearling heifers (small), 155.; store cows, 215.; forward cows, £2; hoifers in calf, £3; cows in calf, £i; 2] and 3-year steers, .£4 18s. ,

Mr. Newton King supplies the following weekly auction report:—On Mondny, at Vealo Boa 3, there was a rather small attendance at the sale of Messrs. Marett Bros.' dairy cows, but prices were quite up to average ruling rates. September calvers made .t't 7s. Gd. to £G; October do., SA ss. to £1 ss. On account of Mr. Houston,early calvers made .£6 15s. to £8; late and empty do., £2 to M ' At Rahout, on Tuesday, there was an average yarding arid attendance. Mixed yearlings made 13s. -to 265.; 18-months empty heifers, £2 25.; 15-months steers, 355.; 2-year ; do., . JB2, 195.; springing heifers, £A to £& 2s. Gd. j store cows, 38s, to iss.; fat do., <£5 Is.; bulls, c£3 10s,

On Wednesday,, at Urenui, I lield a clearing sale on account of Mr. E. Fitton. The herd was ; a largo 'one, and the cows wero in rather low condition and a good number backward. Thero was a good attendance, and with the help of several outside buyers everything was quitted at satisfactory prices. All cows showing quality sold at really good prices. Pigs and implements sold well. Cows at profit mado £5 10s. to .£9 155.; springing and in calf, S3 7s. Gd. -to 15s. i aged and backward calvors, £2 ; ss.'" to .£4 :10s..;". shorthorn bulls, .£2 15s. to 109. 1 ; calves on'the bucket, £2 95.; sows in ■farrow,'-£i 155.-to Si 155.; boars, XI 10s. to M-, heifers' in J.illlf,. £2 2s. to .£2 75.; 2-year steers, £2 ■ 13s:;-'mixed weaners, 13s. ■" The same dny/at Tututawa, Mr. T. Barclay a sale of dairy "stock was well attended, and good prices wero realised. Early calvers made £5 15s. to .£B;'lnto do., £3 10s. to £4 55.; springing heifers, : .JCS 12s. Gd. to £G 55.; mixed weavers, .18s. Gd..; store pigs, 13s. to 2Ds.; breed- ' ing.-Boifaf..'. £3 :..'.Bowß with litters, £6 to St 15S.V. .iv.::, l ■■ At" Waiwakaiho ,on Thursday, there was a good yarding. and fair attendance. Yearling heifers made 235.'; steers, 255. to 405.; 15 to 18months ■ heifers, - 315.; springing cows, £3 to £8; springing heifers, £2 17s. 6d. to .£4 2s. Gd.; choice do., £7:.105.; 3 choice halfbred Jersey do. from Mr. W. Peattie made £6 15s. to £9.; fat cows, £i ss. to £5; store cows, 3os. to 455. . LONDON MARKETS. (BT TELEGRAPH—PBESS ASSOCIATION COrTEIGET.) ..v London, Soptembar 8.. Wheat—'The /American visible supply is 25,697,000- bushels. ~ Copper-Supplies, 33,890 tons; deliveries, 30,952; stocks, 36,747; afloat, 6000. The Customs revenue collected at Wellington yesterday amounted to .62041 sb.'2d. Messrs. -Dalgety. and Co., Ltd., Wellington, have received the following cable messages from their London house, ■ under late Septemk°Frozen' Meat.—Prices for beef are lower by £d. per lb., and the.market is woak. Mutton: The .market is firm, but priceis are unchanged. Lamb: Market;weaker. . ■ Tallow.—Since our last advices prices for tallow are higher as follows: Low and inferior, descriptions, 3d. to 6d.per cwt;'other descriptions, at par to 3d. MINING NEWS. TALISMAN CONSOLIDATED. (Br TEI.EGEAPS —PRESS , ASSOCIATION.) . Auckland, September 4. The following telegram has been received from the manager of the Talisman Consolidated mine:—"Water,- 38ft. below the pumps; rising 3ft. per day."

STOCE EXCHANGE. • . (dt tziegeapb—raess association.) Dunedin, September 4. Stock Exchange sales.—Alexandra Eureka, 3s. 6d.; Golden Belt, Is. lOd.; New* Zealand. Portland Cement, _£1 6s. 6d. i . ... DREDGING. (BT TELEGRAPH —PRESS ASSOCIATION.) ' ; Dunedin, September 4. . Dredging.returns: Hartley and Riley, 1430z.; Mystery Flat, 50oz. ■ Bdwts.; Maaterton, 4Soz.; Electric JJ, 250z. lOdwts.; Koputai, 250z. 9dwts.; Chicagoi 246z.' sdwts.; Central Charlton, 20oz. 13dwts.; Riley's Revival, 190z.; 17dwts.; Waikaia, 15ox. 3dwts.; Kura, 15oz. 3dwts..; Charlton Creek, 13oz. lOdwts.; Eleotrio., I, 13oz. sdwts.; Lady Roxburgh, 9oz. 15dwts. v