FINANCE AND COMMERCE.

Dominion, Volume 2, Issue 341, 30 October 1908, Page 10

FINANCE AND COMMERCE.

MINING NEWS.

, ' THE SH.4BE MARKET. / No business was reported at the meeting of the Wellington Stock' Exchange yesterday, and the quotations were without variation. There were sellers of Bank of New' Zealand at. i 8 7s. 6d: and National Banks at i£s Is.; Equitable Building, sellers Wellington Investment, sellers lis. Gd:; Wellington Trust aiid Loan, sellers £7 75.; National Mortgage, buyers £2 195., sellers i£3 Is. ; New Zealand and Rivpr Plate,'buyers lis:, sellers jEI lis. 9d:; New Zealand Loan and .Mercantile/buyers : 4s. 3d.; Feilding "Gas, ' buyers " 19s'., sellers" 203.; Wellington Gas, i£lo paid, buyers 12s. Gd.; £i paid, sellers .£11; National Insurance, buyers £1 7s. Gd., sellers J!1 Bs. 6d:; Christchurch . Meat, buyers i 9 17s. Gd.; Gear Meat, i 4 paid,, sellers 155.; -21 paid, buyers £2 95.; New Zealand Shipping, buyers £6 10s.; Union' Steam"; buyers XI J45."3d., sellers 155.; Wellirigt9n Steam Ferry, 15s: paid,'sellers lis.'Gd:';-'Welling-'-ton Woollen, ordinary, sellers ,£3 55.; Westport' Coal, buyers ,£6.125.; sellers J£6 135.; WestportStockton, buyers iOs., sellers 10s. 6d.;' Kauri Timber, 15s. paid, sellers 13s. Gd.; LeylandO'Brien Timber, buyers '<81, sellers £1 2s. ; New Zealand Drugs, sellers £2 lis.'; New Zealand Paper Mills, sellers <E1 -3s, 3d.; New Zealand Portland Cement, buyers .ifil 7s. fid.', sellers .£1 10s.; Taranaki Petroleum, buyers 75., sellers 9s. 6d. / THE MINING MARKET. . - "Jhere were ho sales in this section, and the quotations, which were unaltered, ' Were, as- ■ under:'— Buyer's.: . Sellers.;, .. £ s. ''d.;. £ s. "d. Talisman ... 1 19 0 2. 0 0. Waihi ... 819 0 8 19 '6 Waiotahi ..: ■ •: 0 2 6 0 2 8Tairua Broken Hills ... ... 0 2 0 0 2 3 May. Queen ... ... ... 0 2. 6 0 2 8 New Zealand Croiyn 0:-4 0 0 4 3 Big River ...' ... ... 1 15 0 . — , COMPANIES ' REGISTERED, a . The "Mercanfiie Gazette" issued this week in its list of companies registered contains the following:— ' . _ Ohakune Land Company,' Limited. RegisteredOctober 22. Office, of Messrs. M'Kee and Co.;-' Panama Street, Wellington. Capital,.<£Booo in : 8000 shares, of <81 each. Subscribers:—T. W. Hislop,'-500; T. S. Weston, 334,-' A. M'Kee, 666; H. W. Frost, 500; P. C. Freeth, 250; J. A. Pike, 500; W. Clayton, 250; C. W. Palmer, 500; W. T. Grundy, 250; E. C. E. Mills, 250; D. O'Connor, 250; S. and W. M'Kay, 250, each; J: Rod," 500; W. H. Didsbury, 500; R. S. Brown, 500; A.'L. Wilson, 250, all of Wellington; J. W. • Bridge, Lower Hutt, 500; Wilson, Wilfcie,:and Co., Ohakune, 500.- Objects: To acquire-land, viz., Sections Nos. 2, 4; and 8, Block'-¥111; '* ■, Makotuku Survey District, and any other .property, which inay bo considered necessary lov the purposes o{ its business. . - The Onepu Land Company, Limited. /Regis-tered-October 28. Ofßce: Wellington. Capital, in 200 shares of ,£IOO each. Subscribers: J. W. Easson, 10; P. G. Easson, 10; MaryiEasson, 5; Annie Easson, 5; W. G. Johnston, 1 -10; 'V. H. Tiirnbull,,ls; S. Johnston,: 10;:. Sejiton, 5; H. Sladden, 5; R T. Turnbull, 10; F.'Naismith, 5; J. Young,'lo; D. Bourke, 5; T. Young, 5; J. G. Falder, 5; C. Naisinith, 5; W. H. S. MoorhouSe, 5; E. F. Hadfield, 5. Objects: To acquire land in Evans Bay.district, ■ etc. ' ' 'y —— ■ • EXPORTS AND IMPORTS. The returns of the values of the exports and imports of New Zealand for the .September quarter, were published in. the Gazette issued last night. The exports for the quarter amounted to. <£2,884,290, as compared with <63,251,452 for the corresponding period" of last year, there was thus a shrinkage of <£376,162, equal to a little more than 111 per cent. The total of the imports for the quarter was .£5,106,071, as against <£4,820,953, an increase of. .£285,118, equal to nearly 8 per cent.. . . The exports under their several. headings Compare as under:— Sept., ICOB. Sept., 1907. - ,-C ' £ " '. Minerals 609,913 701,749 Fisheries 7,332 5,893 The 'Forest 200,251 , 252,125 Pastoral 1,812,442 1,962,851 Agricultural 108,850 53,498 .Manufactures 76,640 176,654' Miscellaneous 16,637 11,432 <£2,832,065 .£3,164,202 Specie 11,165 3,325 Re-exports 41,060 83,925 <£2,884,290 .£3,251,452 The N'ow Zealand Trade Review issued yesterday gives a comprehensive -view of the trade'returns for the year ended September 30, and .these are instructive. The figures for four years compare as under: Year ended Imports. Exports. ' Sept. 30. . ' £ 1905 ; 12,596,736 15,674,136 1906 14,516,252 ■ 17,734,798 .' .- ' 1907 '....16,897,932 19,984,272 1908-.... .18,021,426 16,334,173 . And the Review says:—lmports show for the year an increase of <£1,679,000, and exports, a decrease of JC3,521,000, ■ a total difference of <£5,200,000, and it is to be feared that the results are even worse than this, as much of the wool exported . is certainly overvalued. A year ago exports exceeded, imports by <£3,820,000. This year it is imports that are in excess by X 1,380,000. The Customs revenue collected at' Welling- ' ton yesterday-amounted to '.£1790 16s. 7d." . LIVE STOCK SALES. .; The New Zealand toan and Mercantile Agenoy Co., Ltd:, report that yesterday, at Palinirtson; North, tney. hid a .very, heavy

yarding' of cattle. There was a good attendance of buyers, and a-good sale resulted, very foiv-lines turned'out unsold,'most of tbe pens soiling undor the hammer. The report,adds: —We. Sheep—hoggots, lis.;', ewes and lamb?, 18s.'. '..Caraerryearliner heifers, (small), 225.". 6d. /to -26s.;.'yearling'. heifers, .?ss.' 6d.; mixed Vye'arlings (inferior), 26s"."i;yearlihR steers, <£2 to <82 7s. 6d.';'lß : mD'ntll heifers," JE2"7s;; '2-year steers, 19s. to ,£3 fis.; 21-year steers, £3' 10s.' to £3 18s. .; store'. oVs, .255.' to' 315.; forward 'cows, <82 17s.' fid. fat" cows, ■£■! ss. to <£5 55.; bullocks, £$ 7s. 6d. to oEff ss. 6d.; forward rough bullocks, .£5 65.; forward heifer's,' <£3 lis.; bulls," £i 17s. Gd. to £6. ' . ... v

H Ernest;. Leighton reports having sold privately on 'account' pf the Riverside Dairy Company, ' £18, one for £10?.o'ne .for ;;.£B, ,;aud. sjx at £7—these' cows are springing and newly calved: (BT TELEGRAPH—PRESS 'ASSOCIATION.) ' Palmerston, October 29. At Palmerston '6alo to-day, ' there 1 was a very fair yarding of sheep, and' an' exceptionally heavy'yarding of cattle. All the sheep .were.sold and the majority of cattle also 'disposed of: " Prices:—Fat lambs, 10s. 6d.; aged'empty ewes, ss.' 9d.; "forward ;ewosj".Bs;?ld. tO ',?sr;Bd.; mixed' fat "sheep, 14s. 3d:';" mixed' Ebggets, lis. 3d:';'--yc!arlin'g steer?, £2 Is.;' yearling heifers', 24s:' 6d.;' 18-month3 to 2-yea'r heifers, £2 .4s. tb £2 10s. f fat coWs and heifers, <£3 145.: and. <e3--16s.'to <£5 10s.j 2-year 'steers','<£ 2 19sT*to'"i£3 2s. 6d..;,emptycows; 205., 305., 85s.', to' £2 '6s.springing:^Heifers,'i£3' to £3 75.:; fbrwardfemptyiheifers,, .£3 lOsi; 3-year bu1100k5,1..£5,25. 100k5,1..£5,25. to £5 65.; 4-year bullocks, £5 to £0 ss. Gd.; light fat.bullocks, "<O7 3s; 6d; CLEARING SALE AT MARTON. Dalgetv and C 0.,, Ltd., Palmerston North, report:—We heldCa successful clearing 6ale on account of Mr. Dugald Thomson, at his farm, "Homewood," Fern Flats, Marton. on Wednesday;,.October^2B. There was a large at-, tendance,' and ' bidding was fairly keen' -right' ;throiigh the'sale. 1 The sheep.offered were prac-tically;-all'pure -Lincolns, and for these the following prices., were . realised:—Wether hoggets, 10s. 4d.;'ewo hoggets, 15s. Id.; 4-tooth wethers, 15s. lid.; aged rams', to '2 guineas; mixed age ewes, with mixed sex lambs ' at foot, 195.. lid.; 205., 20s. Gd., to 235.; sound mouth ewes,- with; ewe lambs at' foot, 255.'; 'sound mouth ete.fwith ram lambs at foot, 30s. to ( 315., Cattle.—Mixed yearlings, £2 10s.; cows, with'-calves, £3 65.; dairy cows, £5 to ,£8 12s. 6d:;''mixed'3-year-blds, 15s. j fat heifers, M 3s.' 1 Cd:; 3-year-old steers,' £5 55.; fat bul-locks,—^-<£7- 14sj—Gd,Horses.—One bay mare, 7yrs., .with foal at' foot, .£lB 55.; one 7-year spring-cart mare, <£32 55.; A' collection of implements, harness,'.'etc;,' sold at full market rates.THE METAL MARKETS. (B* TELEGRAPH—r-PRKSS ASSOCIATION- -CprrKIOHT.I .-.ijiiui.t London, October 28. Copper.—On -the spot, .£6l ss. ; three months, <862 Is. 3d. ' :Tin.H)n ; ,tHe spot, <8133 10s.; three months, .£135 -55." - . ? . WHEAT. ' (BY IILEGEAPB—PRESS ASSOCIATION—COPTBIOHT.) J "v.. i, .. London, October 28. AVheat..—B.soo quarters of Australian JanuaryFebruary shipment.-sold at 365. l}d.; >72,500 De-cember-January at' 355: 3d.7500 at '355. 9d., and GOOO tons at 355. 10! d.

The American visible supply of wheat east of the Rockies is estimated at 69,733,000 bushels. - TALLOW:SALES; : (BT IELEORAFH—PRESS ASSOCIATION—COrTUICFIT.) • *" London, October 28. At the tallow. sales 1199 casks were offered, and 384 seld at 3d: to Gd. decline. " ' ' FROZEN MEAT. Wr' TELEORAPH—rRESS -ASSpCUTION.) October 29. The C. C. and D. Company, London, cables:—: There is a'further fall in the value of frozen beef. To-day's quotations:—Canterbury mutton, 4d.; Napier, Wellington, and North Island, 34. Lambs: First, ssd.; second, sjd. Beef: Hinds, 3jd. fores, 3Jd. HIDES MARKET. r (Br TKLEORArn —rußss association—corrßioni.) (Rec. October 30, 0.30 a.m.) Melbourne, October 29. In the hides market there was keen competition. Kips were a farthing dearer. Others were very firm.

TALISMAN DIVIDEND DECLARED. (Or- TELEGRAPH—PRESS ASSOCIATION.) Auckland, October 29. Talisman Consolidated has'declared a dividend of Is." M., payable on November'2s, making the total dividends of the mine ,£232,500.

WELLINGTON 8HAHE H,I'8T. ' Reserve ng ..... o .L'.,." 3 BICES. ; . viola COMPANY ' , ' Cttpltal ' Fnnd' and S - .&* !'- » ° ' ' ■ ■ ■ : '' ( 0 , • -■ CvMrAxi Y« Pnjd Ud Hr1s,dcq * 1 5 p6I d>« » v • r * •' raiaup. >otnc>j are . a > . _ tasb Investor. ; Forward. BDare> H g Bnyer. Seller. . , BANKS, .£■:.■ ' , £ .'■..£*d. '£' s. d. £'-s. d. £: n. fl. few Zealand;... ; ... ™ 2,000,000 .504,097 - ' '31 -'8 '3' 6 8 7:6 , '810 '0 ' d'0'0' ( kauoiuu V". •• > : W5,(XJ0 .'iWUoHi .via ! *12 1.6-J00 .'5 1 0 6 1. 0 ; 5 18 10 1 , insurance '••• -- - ! .. ■ Kational ... ... ...' ... ■ ; ia).000 .- •< 249,339.. « y • a-? ! -l*7' fl '1.8 6 '}l'% .6' S '9.1 i\«* zeaiaud ... ... tco.ooo• i'jo.byi' •• i : a *' 10 ' S'i3' 0 s is.e *314 'o , 5 si- , buiitii• iinuBii ••• jui,ujo -510,61# !* 41-: ,S» 213 6 215'0 vbm: 0 • sir 1 pMuuurd ■... . .... ••• Vi>,u(W 12.000 | 10 l'i 3 : 1' a ..6. •>.! a--#; 613 4 , financial ■ ; ■ . •/ ■ fqultable Building ...• ... eota)' -■ 48,242 " "i. " ' ! 's' " 'j 0 10 0 0 : iieii-opuiitaa uuiiuintf ' ... . ... yi,m) : tijUa. •• n ji 7 VuiUiiKluii invent ; tO,OCO '':''6.&0 _ .W v •. 0 .11G oil 6 5 4 4 Vreiiiugiou 'x-ruit.iutd Loao • . "i4i,oo-J,0 ; J ( ,p -'.j .'t<8.-6 7 7 0 7-.7. 0 586 " bauouiu uloUtfclue ... ' «. • UUMO li'iiiid: J 1 , i« ;!]) | 310 ' uuu liivoi' i'iaia . ... ... . LUO.kAO . sob.io'J' ■; * 'oil' b 1110 111 9 111 3 , 5 2 B iMUi uiu MVixauiun ■#., — lii.iitl 1 "ts 6 0 4 3 cas. ; ' " - : : i -" ;1 "- ; - Auckland ... _. „ w 160.370 £5.463 B n 17 LunoLcnurca «. ... • ... - . 16U.OCO Ui,vi7 • 2 ' nil" 10 9 16 0 0 15 0 6 3 0 It Mixing ...' ... ... ■ li,0uU I-■■■an ■ nil 019' 0 10 0 • tusihiroa 1'i.oU) TWOS 'J i nil - lk? '• S18 t 210 C 610 0 iiaviera ... ' „iii4,.-!■ -10 »«* fiymoutll - - 16.0UU " sil ' ia ftapier 1 » ml 15 15 0 0' J' 49,057 SUM 6 15 3 7.6,412 4 tohnerston'Morth ... . ... ... h,5£0- " 11.0M . 4 Jo 710 0 7" s' 'r ' 6 3 0 taeuuiL'1011 ... ... .... .... > fai.jflj- ',iriw .J' nil 10 15 12 6 15 16 0 15 15 0 .6 7 0 *; » - "■ "• 1 ; a' o ' 10 n o c HEAT. . ;• ; ■ ■ r yS±K. -i %£'■ >$£■ " .-a-'S wi ;i : . ... " "■ . •" i ' u,aj.'" . i: :nilj 12j' 2,,'9, 0 .2 10 0 .2 0 U 5 2 0 . ~ ~ } 10o,i6o . 47,950 4 1 /s 5 0 0 3 .0.; 0 -7 0»0 Bi'IiDsauui " 1 Z ... ibj$o ,2i •• | s -° 0 J J 0' -1 :• TRANSPORT. ' ' ff. and M. Kiuway ..: '■'... ..... j70,000 v 121.453 4 7 512 6 015 0 212 6 213-4 "" -f?SSS- ; i ••• •»«.• -»,-«io-o r 10 0 -110'o :6 31 . \ sil. f 1H 3 m ° b 15 ; °: 6 8 0 L'Oal. ; ■' ■' f : V ,f.? V-;;' ■' : .. ::: £ ":S23; '■? J' 612 0 613 0 :p;V 616 9 woollen. Kaiapo' „ „• '.J..'- lOO.COO 5 nil 7 ■ kuigiei .. ... tb,457 , v Jl . M j 2 i 8 0 3 0 0'.' ■ % uuiuKton — ... ••• I7.6aj , 5.1. c 3.0 : 0 .3 5'0 .3-00 8 0.0. MISCELLANEOUS. ... , Ponaghy Bono . J ' : ..■.. . .53,500 .151 1 n ji 6 1 1 Uylana antf O'Brien _■ -... 70,cw ■ 37,'.oi 1 .„«• .« 1 :n n 1 o n t o a 'nq-a MauriceviUo Liuie ... ?,(X/J • 315 1 '58 ft 10 0 ' g'® 1 '.? 3 139 8 UaniUe- ... _- . ... . ,10,000 I7u w , Sil> K - ■ ' 1 0 0 ' ' M ...' ... KX.CCKJ BC.'/iO ' '■ r iiil ' 7' ■ O ' CI f fi Ollft n ,, t A 3 (1 £.£. £*p e r Mills _ „ 94,T/5 \jM ,1 S i f J § !» ' 630 Kui. Cement ... _ _ 60,(-0U; . t.UU' ,j . m i i 7 c 1 in n 1 s n ftyi 01 - »*W J 1 5 ■ 3 17 6 3 16 6 10 9 2 pn. a op d orS°jfiw: $ 115 0 4 17 6 1 16 0 8 6 5 Wgtn. iresti Food ... itj.ifcl ■ .:. 1 Sir-" • Wmtconibe and Tcmba „ •, «,'J50' £0.153 Hi 2i 15 u b a m s '''• knarlaud. Ud. ... i0l3 11,724 1 . .-74 , 019. | ■ The above quotations are'taken-from the daily official list* of'the'Wellington Stock \ . . . . Exchange.' ; " V