COMMERCIAL.

Dominion, Volume 2, Issue 462, 22 March 1909, Page 8

COMMERCIAL.

• THE SHARE MAKKET. , Sales, of ■•'■National Banks: at r £5 35., Union - Steam at :£l, -Westport-Stocktou at Bs. Gd., Shar; land's (preference) at 18s., and Ward and Co. . (brewery shares) at ,£1 lis. wore reported on Saturday. Bank of. New Zealand shares were slightly weaker, with buyers at £$ "s. 6d. and Kellers at 10s. National Ba,uks, buyers .£5 1 2s. (Jd., sellers ',£5 35.; Equitable Building, • buyers' £9; Wellington Trust and Loan, buyers £1, sellers £1. 35.; Wellington Deposit, sellors ' 95.; New Zealand and River Plate, sellers 13s. Gel.; Auckland Gas, buyers ,£l3 155.; ChristchnrchiGas, sellors £9 10s.; Wellington Gas (.£lO paid), buyers .£l7, sellers .El 7 10s., (newissue), buyers 16s. Gd., sollers 17s. 6d. premium; National Insurance, sellers '• £1 Bs. fid'; Gear Meat (£i paid), buyers £10, (XI paid), buyers £2 10s.; Meat Export (£2 12s. Gd. paid), sellers dE3 Is. 6d.; Now Zealand Shipping, sellers £7; Union Steam; sollers .£1 15s. Gd.; Wellington Woollon, buyers £2 195., sellors £3; Wcstport>Stockton Coal, buyers Bs. -lid., sellers Bs. 7Jd.; Kauri Timber (15s. paid), ■ sellers'-155.;. leyland-O'Brion Timber, sellers £1 2s. Gd.; New-Zealand Portland Cement, buyers .£1 lis. Bd., sellers =£1 155.; Manning and Co, (brewery shares), sollers £3 17s. fid.; Ward and Co. (brewery shares), sellers : £i 125., 6d. ; '~'". THE MINING MAEKET. A ?sale of Talisimns at .£2 55. : . 9d.- was ,rc' ■ ported. The mining market is'quiet'.":'S<ttur'day's quotations -wero ns' under .— ':■ ■..* ■ Buyers. Sellers. Sales. :■'* £s. d. .£s. d. £s:± Talisman .» ... 256 260 259 Waihi ... ...906.916 Waiotahi. ' - 0 2 0. -•' Tangiaro ... ... 0 0 1 0 0 2 - Tairiia Broken ... Hills ' ..." -';:;.:;" Or lri;;' fi '•; ■' Big 'River, .'.}■ *■..+%& 6} j>- tf ? ->— .'■' The Customs revenue and beer duty collected ' at Wellington during this week of last year amounted to ,£15,169 12s.'.and.. .£385 Ms. .respectively. The revenue collected last week is" : considerably in excess of last year's figures, be- i in? ,£19,972:165. The beer duty is less, last '• week's figures being'.£2o2 75." Oh'.Saturday .'the . amount of revenuo collected was .£751 lis. 5d., .as against .£1439 Us.;sd. collected on the corresponding day of last yoar. ~ .'^eaulleu^'^eoTperW'sal^ (BI TELEGHAVIt—S^ECIAT, , CoriRESrONDENT.). ■■■:■>.'. , Palmerston North, March 21. : The:sale of Mr. P'.'ATM'H.afdy's' Beaulieu pro- : pcrty'i.took' place at Messrs. Abraham and . Williams's rooms, on' Saturday afternoon. "■ first two se'elions".,fore passedfin/l'at ;S3O; itn.il '• £39 10s. respectively. 'tForthe third, and fourth • there were no bids, but the fifth, w'ith an area of 87Vacres,':'was purchased.'by; Mr. .Charles, ■ "' Canyi.of Feilding', for 2s. Gd; per acre. ''.'■.' 'I, LONDON.AVOOL SALES,..'.,;,' ...„, 4 , '. (DT TEtEGEArH—rRESS'^SSOCUTIOX—COPTBtaitT.)! ■■: ■ ';'' ••'... London, March 19. At the wool auctions there was ,a strong sa|e. : ' and k'eon competition;; Prices: for merinos were, tho of the series,' Continental, buyers''. ' taking the bulk. Americans 'are buying-heavily • for bast crossbreds. . '■ They sales included "Toroa" at 81d., and : Kahumingi,at ; 9|d. .' ;; . . '■-.'.:/.,';, , ' ,- Tho"; New Zealand Loan and Mercantile • Agency Company, Ltd., have received.tho following message from their "London': house':— Sheepskins: Combing merinos and fine cross- ..',. bredsihave advanced Id., and coarse crossbreds and crossbred'larabsktns v id. per lb.■'•: Frozen :', Meat:: The market is'nnfavonrablo. Mutton and lamb are Jd. per: lb:.'lower. '.. v Messrs. Levin and Co., Ltd., have received a cable from their:-.agents in .London'advising' them of the following sales of wool at the sales ; now on., The prices mentioned represent the! average realised for the'fleece: portion of tho . clips sold:—Crosskeys,. Masterton, 10|d.; Bowlands,'Masterton, 9 ; Jd.; -W M'L, Martinborongh, ■10Sd.;i D W M'L, ' Martihborough, 9 3-16 d.; •- C E B, Tawaha, Martinborough; . 101 d.; AVai-. \ ' rnahoej Waikana©,. 8 9-16d.j Kahuniingi, Mas-, tertonv 92d.;j..Merchiston, Wanganui,. BSd.; . . E E M, MV (conjd.), Tenui, Bjd-.; Glenmorveni' Huntefville, 8d. ! ; Tekumu, Warfganui,- 8 15-lGd. ""EISE'IN'■ PRICE OP WHEAT. .-' (BYiMECBAPH—ritEss association—cormianT.): ' , : . ' Sydney, March 20. 'The ; :price...ofi wheat.is-still on .the,.upward• ■ ' grade.] There have beeni sales at 4s. 7jd:; parcels are now held for is. Bd. , , - : .' BANk{OF ENGLAND.RETTJEN,;, .j.j :. ;'(BT TELEGEj3-H-;PEESS ASSOCIATIONT-COPrEIOIrrL);! i London, March 19. ' -;' - . Isbot Department. '.■'.: < *..'>,'.'.-..' Hote Issue ... £56,786,C00 Gov.secnrities£ll,ols,ooo Other securi- : •'.•.-•:, ■■-■■:■■-.'. ties■; ■ ,u■■;, '7.«4,000 . ■: . ,i. ~,'■ . GoW ; .„, 58.337.000 ■■%;■ 'i:'£S6,7SS.pOO ,"■ '■' ,' 7 f56.766.0p0~: . . BAXKIHG DEi?AnTMEXT. Proprietors' '.'.'■•:' Govt.' securi-, ■ ''■'•■ capital -,'£U,553,000 ties- .... £15,HI),O00. . Public de- ■■. ■ : Other securi-' posits ... 18.830,000 ties ._ 33,554,000 " Other do- r posits ... 41,302,000: Notes, -~. 28,102.000" .' ' Best, 7-dfty ■ and other Coin :■.-'■ »-, 1,63^000 ' bills ... 3,742,C00 : .-, ■ '' '■.£78,427,000. ■'■■•■' ' '"£78,427.000' '' ' : The leading item's 'of .the Bank of England return afford, the following comparison:— ■ '..'■"' '. •-This week. Last week. .Lastyoar. 1 -;, : •■• ■ .'. - ■■'£ '-. ■ £ £ ■ •Bullion „ " „.'■ 58,:37,tn0 ■ 37,502.000; E9.205.C00 Reserve...:. ... 28,733,000 ,'.8,951,UC0 31,259,000 ;■■■■ . Note circulation" 28.654.C0J .28.672,000 27,785,000 -■ Public Doposit? i8.K!0,(.0d X- 17.266.0C0" 19,5t9,0M Other Doposits 41,002,000 : 30,876,000 • 41,376,000 . proportion .ot,, ; .. ;i/, , . .-. :'-''reEorvo;'"to:.: .' n- :■' * "■■ ,' : '• , . ; T liabilities ~:.-. ..-;"f.-V 49.i1' : ''.i 50.64 ■■:■■:.: 6i:26 ' .'■■ '. \\ GOVERNMENT/SECURITIEa'-v;'; : Tho following' are the latest" quotations for Government securities, .with a. comparison ".of- . those ruling last weeki-rr?-'■■' : - i :^'--:"::^''^:'^ : "'\'{:. > '' ::' '' •. Vai-iatioiis .:'.- '-j ... ;, Price: COm^ ei ' y' '■'•:?'' '■-. " : last week. £ s: d. H% Imperial Consols... .:. 63 li C 7s. fd.lower. 4 „ N.a:W. 1933Jau.-July ~-.;.. .'Jug. 0 o■■■., ■'■'.. • ii „N.S.W.I9ISMar-Sop6 -V.-.: -97 15" 0 ■' • 6s!: lower ' i) „ N:b:lV. 1033 Apl.'-OcS. .... .'87.v0-.o> "Unchaugcd . /4 „ \'ic.li.'2oJau.-July... -„.JM • 6'o ss. higher , Si Vic: 1921-6 Jan.-JiUy ... .18 0 0 . 'SOs; lower .- .5 „ Vic. 1t29-49 Jah".;Jury ... 87 0 U TJnchanscd • -bi „ S.A;'l(Ud Jan.-Jbly ' ' ...-' 100 0 0 Unchauged ,8 „S.A.WIBJan.-Juiy ... U0 0 Unchanged 4 ... ICI 00' Unchanged Si ~ '(J'l'dl9-24-30Jau:-July ... "IS 15 0 25a. lower J „ti:i'ai922-i7Jti,u.-i!uiy ... 8510 0 ■ Unchanged i „fr,:Z.',MjMay-Xbv. ..: 107 0 0 \r 15s.lower Si „N.Z.I9IUJaa.-Ju'iy ... - Sj9 0 0 Unchanged 3 „N.Z.l946AiJtil'Oct. ... bBIO 0 Unchanged ' 58 .„ '98 "5 o ,', V:', Vss.,lowor '■• s „W'.A.I!US-3SAlay'-Kov ... BMO'O -Unchanged .■■ B» „ T»B.'iMoJan.-July ... 97 15 0 . 'ss: higher' 8 .'rtta.'iaaHuJa.n.-July ... "Bf'.o 0 Unchanged ; : :^' ; THEiMONEY.MAHKET; Vil ,.- The .'Bank .of Ehglandydiscountjrate; isy3',.per,' cent., .to which if'tWas raised '• The'.open market discount ratejfor best_tliree' ; months bills isf-J(high|via£;2i';pe'r cent." -Hhe rate in Paris is"li in Berlin 2 13-lGths per cent. , '},?!sss?/& ', r/ '■■<'. Short loans at 2J per. cent., hn last:week. COLONIAL PRODUCE..:'.' Wheat.—The market is firm, ahdr:has;:rec6v- . ered confidence. : There is, a renewed inquiry for distant shippi'gnts at premium over present, prices. Tiv-b-cargoes Australian sold at 89s.'Gd'. and 395.!w1.. respsjtively. Holders are asking -lOs. 3tl. I'of Marcl>April shipment; 40s. 6d. for April-May . ■';■■' Elouf.—The market is fticif(ly,'''but is less.animated, Patent brands' ia Londonaarte t quoted J at 295.; Glasgow unchanged: ;/ ';■-i: , ./*X-\'~ : .;.i': -Butter.—Tho market 'is iiii'' qmry i'or colonial, retailers preferring other; riescribtions. Prices nominally '. : uiich'anged. ''t'i Sugar.—The, market is ! firm, :•'German beet 10s.. 5d., first marks 12s. -Icll f.6.b;CHamburg. Kauri Gum.—At the sales' 268^ peases were offerediand 15 sold.. ,f;./.-';.,"./.. Sheepskins.—At'tho sheepskin!.<ialtis'''.G722 bundles were sold, a good' attendance and 'animated competition. Combings, except for crossbreds, wero a farthing to three-eighths of a penny dearer. Clothing sorts and shorn, pelts wero a farthing cheaper. .■ •Bradford Tops:VrTho Bradford market is excited. -The turnover is restricted. QuotationsForties; 121 d.; forty-sixes, lid.; common sixties, 2-ld.; super sixties, 25d.; sixty-fours, 26d. ; THE METAL MARKETS. . Copper.—Spot, 16s. 3d. lower, at J255 3s. 9d.; three months', 16s. 3d. lower at £bfi; electrolytic, 20s. lower at ;GSG 10s. per ton. Tin.—Spot, .£2*-lower at JJI29 2s. 6d.; three months', £2, 2s. Gd. lower i2s'.' 6d." i>cr - ton. '';':.' . ■■'.<::; '-.'.■>;■:;■, ..' ■_:"• Iran'.— sd. lower'at 465. 3d.-per;ton.'.:- '.'''- Spelter.—7s. Gd.V'lowcr at .£2l '2s.' Gd. per ton.'