COMMERCIAL.

Dominion, Volume 2, Issue 327, 14 October 1908, Page 9

COMMERCIAL.

THE SHARE MARKET. At tlic sitting of the Exchange yesterday a sale of Wellington Woollen ordinary shares at £3 2s. 6d. was made. The shares have not been as low. as this for some time. Sales were reported of Kauri Timber, 15s. paid, at 13s. 7d. ■ and 13s. Bd. The quotations show no alteration. Bank of New Zealand shares are a little easier with sellers at .£8 9s. 6d.; National ; Banks, sellers ,£5. 25.; Equitable Building, sellers ,£lO 2s. Gd.; Wellington Trust and Loan, ■sellers £! 75.; Wellington Deposit, sellers 9s. 2d. National Mortgage, sellers £3 Is. New Zealand .and. River Plate, buyers Jcl 10s. 9d.j Christchurcli Gas, sellers JC9 lCs.; Palmerstor North Gas, sellers £7 10s.; Wellington Gas .new.issue, buyers 9s. premium; New Zealand Insurance, sellers £3 155.; Standard Insurance, 6ollers 'j;i 2s. 9d.; Christchurcli Meat, buyers .£9 155.; Wellington Meat Export, £!> paid, sellers JCG lis.; £i paid, sellers <£5; >£2 12s.(id. paid, buyers «£3; Manawatu Rails, buyers M 12s. 6d., sellers £'1 155.; Wellington Woollen, ordinary, buyers X 3 2s. Gd.; sellers JE3 55.; Westport Coal,' sellers JE6 95.; Westport-Stock-ton, 10s. paid, buyers 9s. 9d., sellers 10s. Gd.; New Zealand Drugs, sellers <£2 lis.; New Zealand Paper Mills,/buyers JEI 2s. 10d., sellers £\ 35.; Tarane.ki Petroleum, buyers 4s. Gd., sellers 65.; Ward and Co., brewery shares, buyers £i 14s. Gd.; Sharland's ordinary and preference, sellers 19s. 6d. .. THE MINING MARKET.' Sales were reported of May Queen at 2s. 9d. and Talismans at ,£1 19s. The Talismans continue to show weakness. Yesterday's quotations were as under:— : ■' Buyers. Sellers. Sales. ' . £s. d. i's. d. £ s. : d, Waihi Grand June. 114 G >1 14 9 — Wnihi 9 10,916 — Talisman ... ... 118 9 119 0 119 0 May Queen ... 0' 2 8 • 0 210 0 2 9 N.Z. Crown ... — . 0 4 2, — Tanginro Q0 11 0 1-0' — Big River 113 0 114 G - Blaekwater ...13 0 —■/ — PRODUCE. EXPORTS. The produce year''.Closed on September 30, and ' taking the figured furnished in the monthly leaflets issued by tho Department of Industries and Commerce, there is a tremendous decline in tho values. Til some cases, indeed in. most cases, the decline is duo partly to the shrinkage in quantity exported, and partly to the lower range of values. Taking the figures for dairy produce, frozen meat, and hemp, the values compare as under:— i . 1907-S: 1906-7. £ ,£ -■•-Butter'-' ... ...'1,146,151 1,658,236 • Cheese.' . ..." ... 728,915 552,817 ' Beef ... 413,750 434,978 Mutton ... ' '... 990,946 1,310,502 7 . Legs'and pieces ... 47,222 ' 44,158 Lamb ... ... ' ... 1,457,83.1 1,527,331 . Hemp ... 475,G10 854,294

iC,382,319 , There is a decrease in these i seven items of ,£1,031,892, or a little mere than 17 per cent. The value of the dairy 'produce exported is less by .£335,987, or a little more than 15 per ' cent.; frozen meat exhibits a shrinkage of .£377,221, or nearly 11 l-3rd per cent., while' hemp shows a decline of .£378,681, or nearly 411 per cent. Hemp, of course, as is well known, has fallen in price- very considerably, and mainly for'this reason there is a shrinkage in "the export. For the twelve months ended September 30, 1908, a total of 19,507 tons was exported, while for the previous year the total was 31,019 tons, the decrease being 11,512 tons,, or just over ,37 per cent. Tho decrease has been most marked during the past three months,.'as the following will show:— ■ ' ' ' 1907-8 ' 1906-7 ■ ■■ '■ Tons. Tons. July ... 957 161GAngust ... ... 397 1275 September 802 ' 1637 2156 4558 ,A decrease is hero shown of 2402 tons, or nearly 53 per cent., and this feature is likely to become pronounced in the, succeeding months, because the present quotation for the fibre 1 is unprofitable, to most millers, with wages and working costs as they stand at present. Taking the quantities of dairy produce and ■frozen meat exported, we got the following:— /■ 1907-B.s iii 1906-7s„i si ; ' . ; Cwt. Cwt Butter. . ... ... 231,020 - 335,857'.' .- , ; Cheese . ... .'.. 255,397 203,020 Beef ■ ... ... 343,151 ' 365,600 ; Mutton ; ... .... 740,425 988,767 Legs",and pieces ... 32,850 33,938 , ■ Lamb . , ... ... 801,528. 5G1,056 Gheese ;is the only item to show an increasa, but the total of butter and cheese, amounting to 456,417cwt., is less by 52,460cwt., or just or ' 10 .'per cent. The exports of frozen nieat wert less by 331,107cwt., or nearly 15 per cent. Of other items of export, the figures for twelve .months are not available, but for the sil .months ended September 30, we are'able to' make a comparison. The figures are as under:— Six Mouths to Sept. 30. 1907-8. 1906-7. ■ i ' X £ Babbits ... ... 25,551 39,707 Kauri gum 208,383 312,676 " Hides 50,572 107,481 ' Skins ' ... ... 292,592 475,914 Tallow 241,228 273,565 ■ , Timber ... ... 158,50G 171,333 r Wool-.: ■■ ■' ... ' ...\,51fc,5T0 w* £2,553,411 £3,209,890 •These seven items show a decline of £656,479. equal'to "nearly-2fl.{ per cent., but this it must •be remembered is only for a period of six months... Wool, skins, hides, lind kauri gum jiayo- suffered •thronjh the American-financial crisis,-and tho figures for these items for the ~year-would show a big decrease. Ch\ woo! alone "the shrinkage must be a m/Iliou and a half sterling. '

WHEAT iftD FLOUR, (1!Y TEIXGKAI'H—PItESS ASSOCIATION—COPYRIGHT.! - 1 v": London, October 12. This wheat and flour afloat t'or the Unite' Kingdom is 1,9-la,ooo bushels; for the Continent' 2,205,000; Atlantic sliipnients, 389,000; Pacific, '135,000. The total shipments to Europe ars ijSM, 000 bushels, including 92,400 from Argen-'tina-'aiid Uruguay. j■ ' " LONDON WOOL SALES. ' London, October 12. ; At the wool sales bidding was excellent af the highest level of prices. The catalogs 'chiefly comprised morinos. Continental buyert Verc'Very active... Messrs.' Murray, Roberts, and Co. have re- ; cei'ved the following wool market cablegram from thoir London house, Messrs. Sanderson, Murray, and Co., dated October 12, 190S: —' The 'market shows a.downward tendency, except for the best descriptions of medium to fine greasy crossbred, .which show no material change, and good combing greasy merino, which has advanced 5 per cent. Compared with the opening rates, scoured merino has declined 5 to 7J ji'er cent., and scoured crossbred 5 to 10 per cent: The market is very irregular." LIVE STOCK SALES. •Messrs. Abraham and Williams, Ltd., report ','on, their JoluisouviHe as follows:—A full entry of bullocks of prime quality and heavy weight came forward Heavy prime bullocks, <£10 to .£lO 17s. Gd.; others, .49 to «£9 17s. Gd-•£B-17s. :Gd. Wo had a fair yarding of sheep, but nothing of extra quality. Ewes were light. BeSt wethers, 13s. 10d.; others, light, 10s. lOd.j halfbreds: 15s. 9d.; ewes, ,15s. lid.; others, 15s. 5d.; lis. 3d.; light, 12s. 6d. to 13s. 3d. GRAIN AND PRODUCE: . (DV TEbEOltAl'll —ritBSS ASSOCIATION.) ' Christchurch, October 13. The local grain market is vary quiet, aud m business of importance of any kind is passing. .'Clmff is dull of sale, and there is littie doing in potatoes. . The Customs revfchue collected at Wellington yesterday amounted to ,£1475 lGs. lid.