COMMERCIAL.

Dominion, Volume 2, Issue 506, 13 May 1909, Page 10

COMMERCIAL.

.THE.SHARE MARKET. ;■ -Investment shares were dull; yesterday, and . R sale of.'jNow Zealand Portland Cement at .42 Is. was all. the. business recorded. Tho .quotations; were ' few.'.;:. Bank of New. Zealand,Bellers £9 -'is.; National Banks, buyers J!5 75., : sellers ;£s?Bs.; Equitable' Building, sellers' £3 75., 6d.; Wellington Investment, buyers ,11s. ; ' 3d.;iWellington Trust and Loan, sellers f.Wellington; Deposit, sellers ; Bs. Gd.: Eeildinj ! Gas, buyers 205., .! sellers; ■ 215.; South British ; ; insurance,, buyers-J!2 75./9 d., sellers £2 Bs.'.Gd.; : .;Christphurbh;.Meat,v.buyers .ClO is., sellers .£lO Bs.; Gear .- Meat, •£i paid, buyers -CIO 2s. Gd., • ai paid, buyers. £2 12s. fid.; Wellington Meat ; -Esport, £0 yaid, sellers J66' ss.j ;Welliniton Woollen, ordinary, sellers £3; Taupiri Goal, :-; sellers {£1; sellers Bs. . 6d,; Leyland-O'Brien Timber, bnyers' v€l is. ■ 6d.,' sellers| i£l.; 25.:'.3d.;' New, Zealand Portland ; i Cement, _ buyers >62 s. ,6d., . T sellers ,£2 Is. 6d.; sellers Bs.

TJHi MINING MARKET. Talismans came in for a good deal of attention, and sales were made-at. 12s. 6d.» ..£2 125., .62 lis. 9d., £2 12s. 3d., .£2 lis. 8(1., £2 lis. 3d. It is believed that tho "■"bears", havo-had to.submit to this squeeze. "Wnihi fjoltl- at ,C 9 Is. Waihi Grand Junotion changed : hands.yesterday' afternoon at 22 6s. Sd., and sales were made of Waitangi at:4s. 3di,- : ; Now. Sylvia at 29. Sd., and. Saxon. - The' quota-- . 'toons, with-the-last salcs.'aro given below:— ... "■ ■ Buyers. Sellers. Sales. : '.. \ £ 5.d. .£ s. d. £ s.d. \ l .Waihi Grand June- ,- tion ... 2 6>6 "2 7 0 2 6 D Waihi ... ... ... 9; 1 0 92G . 9 1 0 ; Talisman -' ... 2 11, 3 ■ ■ 2 11 G ■ 2 11 3 ; Waihi Extended ... I I 2 0 6 G — Tairua Broken Hills 0 2 0 0 2.3 Waiotahi — 0 2 9 — ..Kuranui - Caledonian 010 0.-1- 3 — ,N.Z. ; Crown ... i 0 :5. 2, 0' 5'G — Waitangi. 0 4 2 0 4 4 0 4 3 New Sylvia 0 2 50 2 5 Kuranui.: " ... ... 0 0 9 — - Waihi Consolidated 0 2 4 0 2 6 . Saxon 0 a 0-0 2 ! 0 2 1Big Kiver ... — .-2 18 0 — THE IMPORT MARKETS. ' - Merchants report trade quiet but The :tisnal._winter. ; lines _selliiig -fairly'well, 'but ;. what.'is most cheering is ;that aro ; : well ,met. v i.There.-are very . few changes in . quotations. ... ; ■ ■ ; ■ : Arrowroot is very scarce, and supplies' are 1 ■..most, difficult..to procure; quotations rangefrom 4d. to 4}d. - ■ Blue-Reokitt's bag, BJd., square 7JJ. 1 ; Column s and .-JCeanV square and/ bag,. 74d.'- Empire, 6d.

.Candles—The! demand . has .improved - c'onsiderably, but values show no changes. :'. Tho New Zea-. land product has to face keen competition in y .Rangoon candles, 'but sales aro not •" affected. Tho , ;Nevv Zealand Candle • Company,! quotations,: issued December 19, are:— Premiers,stearins and five medal, s}d.; British' sperm, French sp«rm, Universal wax,' Expelsior; oaramne, 6d.; Apollo sperm ' and Venus - paramne, _ 6}d. ; : ' Venus ' colouredfliited, v : 6|d.; piano,; bedroom,- and : carrit[» sorts, packed in cardboard boxes, 7Jd.; less, the usual trade dis- .! counts. . Price's London sperm, ISoz., 61d.; : 140z., Gld.rßurma, 18oz., ,ijd: ■ Cornflour is meetinj with fair sale. B. and / P., s{di to sid.; Johnson's, 2jd.; Brown's, • 3d. ; Chicago, :2Jd: -. .Dried Fruits—Cnrrantsj fincst provincials, i,ZJu.: to'-.3d., pleaned Amalias 3d.,' lib. Cartons • -3s. 6d.,per,dozen; sultanas, selected 3Jd., choice : .4d„ golden 4jd. to: 51d. pw ]b., lib; carton 4s. Gd.per dozen.-.' A quantity; of bleached'sul- • tanas. t-is. on this, : market, and: - having been ; bleached with sulphur, are alleged to b» yalueless .for ordinary use as-the fruit tastes of sulphur, more or less. Dates, bulk, 2Jd. per lb.; car.tons, 3s. 6d. per. dozen. Fits, 12oz. glov» boxes, ,Bs. .3d. per dozon. ■■ Figs, lib. layers, 4Jd.;. 51b. .-naturals,' sd. per lb;: ■ Seeded raisins are slightly lower, fanoy lib. packets 45., choice 3s.' 6d.. per! • iozen. •: .Muscatels, .-Californian,"'s's ; boxes Gd., ,10's sid„ 20's 4id. per lb.; Malaga, s}'s at lOd. per lb. ■ "QreeK Currants—The'position of . the article .: : 10-da"y :is.; a curious . one (remark; Frank. Abra- , iam / and Co., . London, ;in their dried frnit royport, March 22)., Exports have been from : 90,000 to 95;000 tons,-leaving, ai stock in Greece ,'.Df.-quite, .90,000... tons —far ahead of .any stock. ; helifyfor "years .onrrants have y advanced : 9d. ,tfi. Is. per . cwt, this week in : Gr&ce. This snßWs in some degree tho strength , of tho PrmlegeJPCompany;' Nearly "tho wlrolo"' of; tho currants m. Grccce-aro .held by; them, - i.e.; they 'tave advanced to; the growers* of the ■ bulk'of : this fruit... 'A sniall demand"for. the world's markets has come along,- and .. the outside supplies are' in such- small,' compass; : that .buyers, have, to come- to-the: syndicate ,to ; . pay,them their .prices. . Given .a/failure in next years crop, the syndicato may do pretty well . .with the fruit that they must hold, but other-v.-iso wo on our part, would not caro to invest any capital in tlio - company..' It, may be undoubtedly good polioy .for'Greece':to maintain • ; ,a paying price. for .growers,'and-it is all right .when, shortage of crops, both of: currants and' Tai«ins,. enable; goo(l to-be, realised; but these.'high.' prices -offer' indncenients...to. coun- , triM ;'such . as' - Australia, . California, Vand the, -.- : Cape to grow this'fruit; which a lowir standard of price would, to eome extent, prevent; It . Is-to be seen : whether Greece will be the gainer V; "-.in the -lone run '..by establishing; this, artificial , market. .This;year: the world's consumption of ;. currants' -has; boon considerably ' smaller than •in - tho-,preceding -.year, althouglT tho,. crop is ■. ; larger. This 'fact;. we -.attribute to -two—causes —. viz., tllat '..the'-- novelty of . the advertisements of currants as a panacea .'■for all ailments 1 is falling a bit' flat,'and sec-' ; ■ ondly-. that' tho 'largOi growth'.'ofsultanas ..and ; . Valencias,'.;.bringing both '.'lines i into competing ,t factors \withv.currarits,:,have 'considerably - chr- : ,: tailed sale's. :; In connection. with the [ Austral?, asian trade 'we, note . with great satisfaction , - that .at last the bulk of the'fruit purchased by these .countries ■ is., of the - better grade. . We : could,; never understand why, for. the sako of a ..' few pence per ; .cwt.,:. buyers . would ' import the /■ordinary Provincial' fruit, when for. a little ; extra mohey they could. get the Amalias growth. ' . ' Canned fruits, which aro beginning to movei, V are quoted at, Bs. 6d.- to 12s. ' Gd. v . . - .Evaporated' fruits; such as apples, apricots, , nnd peaches,'make from. 7jdi to Sd. per lb. ~ , : Cocoa—A steady, ■ hand-to-mouth business is . doing.';.Van.Ho-uton's.-l's, 3s. 2d.; J's, 39. 3d;; '.. .ye,' 3s. 4d.'perlb.; Bensdorp's, l's; -2s. 10d.',: J's,' .2s. lld.j-i's,: &.}•'• Fry's, ;l's, Is. 4Jd.; Bahia' 2s. Xod. ■•;'■ Condensed/Milk-.—Highlander, VSs.V Cowslip,' ;.4s. 6d.; Swiss Milkmaid, 6s. '6d. to 6s;' lid. per dozen; : . :,j Canned Menti-rShoep.'tongiies, 10s. 6d. to lisV for l's;'ox tongues, 2J's. 31s. to 345.-; 3's,- 345. to • 86s;.j)cr dozen; Gear's assorted,,potted, 4s. Gd.; ,■ St. Oeorge's, ss. '.V, ' .' ■;: Canned . Fish.—Herrings : in:: ; tomato sauce, J's. 7s. to . 7s. 6d.j i's 4s. 6d. 'to : 55.; :, . kippered.' /■: herrings, ;. l's, 7s. : 6d.. to .. 7s. ,9d.; J's, 45.; 6d. :.to ss. i fresh herfirigs', ".'l's 6s. to 6s. Gd.; lobster, C. and 8., Jib. tjiis, 14s. Gil. to 155.;. salmon, salad," medium ' reds, ■ lib. tails, Bs. Gd. '!to ;'Ds; j' lib, -flats, to' 95.6 d.-; • silver, lib.-Hats, 55.; Golden Link,: Sickaye, lib. >. tails,' 10s. 6d.; lib. 'flats, ,11s.; : Sont"he'rn' Cross, 1 '{lb., 6s.';6d.- ;The choice grades ;of salmon*ore' : practically-:'nnprocurable, ,'from-: America' at ■ the . present time. Herringlets, in oil, Senator brand, ;Bs.', to'Bs., ,6d..; in. tomato Ss;" to-,-Bs. 6d.; Vsardines,-.'Skipper,'. Jib. .tins,: ss. to ;s's;' 6d.; J's, 9s. 9d. to 10s.; "King Edward, js. 4s. 9d. to, : ;ss.i: l's, Bs. 6d.;-ling, rSmethurst brand, is V making 555. .to 5Gs. per'cwt.;: codfish, ,in 21b. blocks, and strips, is meeting with inquiry. ': . Chemicals.—Cream of tartar, 95 per cent., 9d. • to 9jd.,'S9 per cent. 91d. to lOtl.; tartaric acid, Is. 3d. per, lb. ; soda crystals, '£5 10s.; bicarbonate soda, >£10 10s.; calcium carbide, .£ls to , £lt} bluestone, £32 10s.'; whiting, M 15s. : Infants' Focds.—Neave's, 9s'. 9d.; Allan and ■ Banbury's Nos. l and 2;175.;-No. .3:,;ios. 6d.; Benger's, 17s.;"Robinson's patent groats and barley, 7s.'Gd. ' :', ,- ; Mapona.—Duryea's, 55d. Knife' Polish—Nixey's, 45;:6d.; Okey's, ss. 3d. - Mnstard.—Fair sales s ; .C'olraan's D.S.F., i's, Is.. DJd. to Is. fid.; .Vs, ls. '.34d. to ;is'. 4d. ; Dur- : ham, 71b..tins,. 7d. to 7id.. .. . . : • Matches.—Plaidsj 3s. Btl.rto 3s. 9d/a gross; penny slides, Bs. 9d. to 9s. Gd.; safeties, small. ■ foreign, 35.; to 3a. 3d.; Bryant and.May's, snVall, is. Gd.; large,.7s. 6d. ■ Nutmegs. W. to Is. jwr :Ib. , ! ,y :;,-'■ ;...-i. ■ ■ 1 Peel. —Lemon peel continues scarce, but- sup- ' .. plies" are expected to reach 'this, port - next ' month. Lemon peel, 7's, 5Jd.; orange, .citron, 10U1; per lb.

Pickles.—Morton's hcxajon 193. 6(1.,. round 12s. Gd;'. per' dozen; .Captain .. White's, 2.15. ed.; Garton's HjP., .5-'pihts,;l2B. ; Gd.; pints, 225,..Cd.;, pare pickles, 9s. od. to 18s. . Itiee.—No. -l, ITig.-'Gd. ;No. 2,,145. Gd.' per cwt. Salt.—Pine, .71b.--.bap, se. Ct1..,.t0 G«.- 6d.; cwt.''bags, 3s. M. to'te.'; coarse,'in cwt. bags, 3s. to 3s. (id. per cwt. ' Sauces.—L; and; P.; iJ-pints,;'lds. -to 14s. 6d.; pints, 255. to 255. 6d,; Holbrbok'a, 4-pints, 7a. Gd.; pints, 10s. Cd. to' ,10s. .9U;Garton'a, {- : pints, ,7s. 6d.; pin fat,-.- 10s. .to 10s. 6d.; Eaglo : brand . (N.Z;), J-pints,-2s.i 3d. to 35.; pints, ss. 6d. to Gs. : • • • . Starch.—Colman's, lib.' boxes', si'd. to 5Jd.; 81b. packets,' 5d., to sjd.; New Zealand, lib. boxes, 38s.' to 3Ss. per,,cwt; 51b. -packets, 375., to 3?s. per cwt. ■' Stove Polish'-'-rNixey'sj' 2s/ Cd.; ■ Eeekitt's, '3s: per do;:en, . . ;■ SugarSfThe"market is steady,, with, a good :demand.';:iA and'Npv. 1,; 56's;, '£10 155.; No. 2, <£16 ss. ;,Nu. ( 3,, Xl 5 ss. per ton.

• Vinegar.—Midland Red Hock, quarts, Bs. 6(1.; Champion, quarts, 9s. Gd.; Red Seal, quarts, 45.; Midland concentrated,.Boz. bottles; lis. G(l. pcr.doz.; concentrated,; sj>»l. casks, 9s. Gd. per Ballon; puie inalt; 28gal. casks, 2s. 5(1. per jallon. ■ ' ■■ -. ■ .■ . Kerosene.—Merchants havo to pay a shade more for kerosone, and the conditions of the ,trad& are very exacting. The merchant must pay spot cash before delivery, and stands (0 make something less than a penny a gallon, for out of this'penny, allowances have to be mado for wharfage, cartage, 50 days' credit, and 21 per cent, discount to storekeepers, leakage, and the ordinary trading risks. Some merchants are wondering -whether the old ■ duty of Gd. per gallon will be roimposed to meet the 'Dreadnought" finance. Such a duty would not inconveniencq the. consumer, because kerosene must compete with other .illuminants, such as elcotric. lijrht, gas, acetylene, and candles, and if the price advanced beyond its commercial value as a • luminant,. tho other forms of lighting - would speedily> 'come into the calculation. Keroseno 'is to-day but very little cheaper than it was when.thero was a duty on it.

Indian Jute.—The outlook for the Indian jute industry is not regarded with nny confidence by tho Calcutta journal "Capital.'' Amongst other unfavourable features is tho large quantity of the raw'material that has been marketed, although tho last crop was small according to the official estimates. For the first eight months of the . current season exports have totalled 3,941,4 iS 'bales, against 3,229,578 bales -in the same period of the preceding year. Shipments and stocks in the mills are believed to be the largest on record, whilst the output of manufactured goods has overtaken the demand. Trade with America is slack, and stocks of : some weight are said to be getting, plentiful. - From Argentina comes the information that .there will be a' very heavy carryover of hessians from the old to the new season,'owing to tho fact that tho yield of wheat fell far short of expectations. Dundee, too, is running. short of orders, arid more machinery will have :to be stopped ■in that centre, although, stocks of jute are oppressively heavy. /'Capital" suggests; that' 'a further' curtailment of production -by, the- Indian mills would; bo ,in the interests of all'concerned, arid that if working hours wero limited to daylight only for a season, the equilibrium between - outlook and consumption would' be restored. Phis doubtless-would have-the desired effect, but the .best remedy of all would bo a renewal .of, activity, in. tho world's trade, which would benefit all sections of producers.

FRUIT AXD I'EODUCE REPORTS. • The'_ Zealand Fruit and Produce,- Co., Ltd., in'their weekly report advise a .good demand: for. both'fruit 'and vegetables. "Pfttatoes during tho week were very scarce,' and prices ruled very high. The' following: will give, a' fair idea of prices ruling in the city:—Potatoes, ;ss. to 75.. iid. cwt. (scarce); swedes, 2s. 6d. to. 3s. cwt.; carrots, 2s. 6d. to Is. 3d. sack; turnips, Ms. to Is. Gd. sack; marrows, Is. to Is.'. 6d;. sack;- cauliflowers, ss. to 95.; French' beans, 55.. to. 75.; tomatoes, 3s. to 4s. 10d.; onions, ss. to 6s. cwt'.; parsnips, 2s. to 3s. 6d.'; beetroot,-,25. to '45.;: pumpkiiis, 2s. 'to. 3s. 9d.j cabbage, : Is. to 2s. 6d.; cucumbers, 4s. to 55.; lettuce, 2s. to 2s. 6d.; spinach, Is. 6d. to 25.; apples," dessert '7s: : to 10s., cooking ss. to 6s. ■3d.;, pears,, dessert Bs. to 10s.' 6d., cooking 6s. 3d. .to 6s. 9d.; pears, dessert,-4s. 6d.. to ss. 4d.i half case; quinces,3s.' 6d.' to is. 6d. case; eggs, fresh Is. lOd. to 2s. (weak demand), preserved Is. sd.;.hens, 3s. 6d.' per pair; ducks, ss. per pair; turkeys,'Bs. 6d. per pair; chaff, £3 ss. to ■ £3. 105. ; ;' bran, 10s. 3d.: per sack ;oats, 2s. to 2s. 2d. bushel; peanuts, 22s sack; preserved ginger, 6Jd.;,per.lb.; walnuts, 4d.'to 4id. per lb.

; . WELLINGTON MARKET REPORT. . Messrs. Laery, and Co., Ltd., Wellington, report wholesale prices ruling on. the "market:— Wheat, fowl, : . 4s. Bd.. to 4s. lOd.; feed oats, 2s. 2d. to 2s. 4d.; dun oats, 2s. 2d. to 2s. '4d.; seed oats, 2s. 4d. to 2s. Bd.; Algerian ec-td oats,. 2s. 6d. 'to 2s. Sd.; maize, 4s: lOd. to ss. 3d;; crushed malt, Bs. 9d.;.f0wl barley, 2s. 9d. to 3s.;,horso beans, 4s. 6d. (all at per bushel); to '«05 ss. j- flour, New Zealand. J312 10s.;.bran, £5 to £5 55.; pearl barley, J315; ■ peas, _partridge' 45.« 9d., prussian'blue ss. to ss. Gd., fowl/,peas 45.,,3 d;, split .£l7 10s.; bonedust, ,£6; .superphosphates, .£s^to, .£s' 55.; pollard ,£6 10s. to, X 6 155.; : £i 10s.; "chaff (oatensheaf), £3 to .£3 155.; oatmeal, .'JD 15s. to £10, v potatoes,' .£4 -to J!5 10s.;-onions, .£5 to (£7; picklers, 4s. to 6s. cwt.; molasses fodder, .£5; bacon, .factory sides 7jd„ hams 8d„ ■ rolls BJd-; butter, bulic, Bd. Poultry—Hensi . 35.; (lucks, 4s. to 55.; turkeys, gobblers lis. to 12s„ hens ,9s. .to, 10s.; fresh;eggs, 2s. 2d. to 2s. 3d., preserved Is. 6d. per dozen; cheese, Gd. to Old. «f.' ylkaxsMsrfi?.-?xto7. '"7}d.' per lb.; Akaroa' machine-dressed cocksfoot, 73d to ; Bd.; farmers',-'dressed, 'sd. to Gd. per lb • .ryegrass,.3s; 3d.ito'4s..Gd. per bushel; Italian ryegrass, 3s. Gd. to 4s. 6d. bushel; white clover, lOs. to 755., cwt.; red clover, '655. cwt.; cow ■grass, Gss. cwt.; alsike, 82s. Gd.,cwt.; mustard. 40s. cwt.;- trefoil, 375. 6d-owt.;'rape seed, 265! ,cwt.; timothy,. 325, Gd. cwt.; swede and turnin seed, 60s. cwt. -

. :'V ; v : v ' POTATO PRICES. . • * A HARKED RISE LIKELY, i - Messrs. G.: S. Meredith and! Co., IVaimate, advise that reports from the. country districts confirm-the. fear that the orops of potatoes in South Canterbury are - exceedingly poor, and if the present wet weather 1 continues, those that are not dug .will be useless. The price has risen this, past few days quite ■ 30s. per ton, and as high, as 80s. f.o.b.s.i. was refused yesterday for shipment north. Unless potatoes can be imported from Australia, very high rates are. likely to rule in the' hear - futnre" and recent quotations from Tasmania show that potatoes cannot be ' landedii here under 140s..per ton.. . Tlie Customs revenue collected at Wellington ; yesterday amounted to .£1628 105.'4 d.. ADDINGTON STOCK SALE. , ; . (br ' TJJLBGBAriI—ri£ES3 ABSOCHTION.I ■ Christchurch, May 12. i.At the Addington market, there was again a' good entry of stock, and a. large attendance, iat cattle 'showed a further fall in prices, store sheep sold rather better, fat lambs wore firmer, and.there was a rise in fat'sheep, especially, in ewes. Pigs also,showed som6 improvement. ' " The. entry of store sheep' showed a further reduction in number, and inoluded several lines from Chatham Islands, fully one-third of the offerings being outside sheep. The balance of tho yarding was made up of. wethers, ewes, and -lambs of. mixed quality. There was a better tonein the market,"inquiry, being more general,. and' there .was' good - clearance, though prices were. not;.beyond,-those-of .late sales.-Two-tooth three-quarterbred ewes sold up !to lis. lid.,- : and four and'six-tooths, to 15s. ; forward wethers, lis. to Us. 10d.; and smaller, 10s. to 10s. Gd.; ewe lambs, lis", to 125.; ; a few,-small lines of mixed sexes, 7s. 6d. to 95.; and culls, 6s. Gd. to 7s. 3d. ... - There was a large entry of fat lambs of good to prime, quality. Thore was a good demand' tor ..export, and prices were firmer by about 3d.: per head.'' The rahge for freezers was 12s. Gd.--to Us.; lighter sorts, down. t0:.1i5...6d., heavy tegs to Us. 9d., and'heavy.butchers'-lambs to ■15s. 3d. . ■ ■' ■ • _ . ■■The yarding of,"fat. sheep was; not: so'large as of late, and there was a sharp rise'in prices, several exporters; operating. "The. greatest advance was m.ewes. also participated, in tho improvement.- The. range of prices was; Prime wethers, 15s. to 17s. 3d.; lighter, 12s. to s- ,°» d ; ; - primo ' meriEo wethers, 12s. Id. to J?" P"^ 6 6 f^ es '.J 2s - to "s.; oxtra, to 15s, -lid.; lighter, 95.. Gd. to lis. Gd.; merino ewes, 7s. Gd. > , A poor lot of store cattle was offered. Three- ?? r l i! ™ t l iaai iS 55 ." aad dr r cows 17s. ud. to a 2 ] os. Good dairy cotvp were in demand, prices ranging from £3 10s. Sd. to -ClO 7s. Gd.;"'.v.. .The yarding of fat cattle totalled 295 head, ;there being, an improvement in quality, as compared with late sales, a nrimbor of station ilines being, included in the offering. Tho demand was again vory dull. Sales were difficult to effect, even at a'further reduction of" Is. per 1001b. A considerable number were, therefore, passed in. Steers made £6 17s Gd to JGIO 2s.' Gd. s heifers, £5 to 75.; and cows' ss. to £8; equal to 17s. Gd. to :19s. for prime. 15s. to 17s. for medium, and 13s. to Us. Gd. for cow, and inferior beef, per 1001b. > ,- Ther» vras a small yarding of real calves, and the bulk beinf extra good quality 6old at is." Gd. to 605.-, according to size and condition. Tliero was a medium entry of pigs. AH classes met with improved demand. Choppers sold up to" M 10s.; heavy• baconorg, 575. to G3s.; and ■ lighter,- 50s. to 565., equal to 4Jd. -to 4Jcl. per lb.; ; heavy porkers, 38s. 1 to 465.;. and lighter, 325. to 355., equal to Gd. per ib.; medium stores, 30s. to 3is,; smaller, 225. to ' 285.; and weaners,'los. Gd. to 14s. Gd. . .

.- . . BURNSIDE MAMET. (ni TELIOSiPH—rUESS ISSOCIiTIO.Vj , Dunedin, May 12. At Burnside Stock. 2294 sheep wero i yarded, a large yarding. Prices for all sorts were a shade firmer. Best wethers, 155. ! Gd. to 175.; extra, 18s. 9d.s medium, 13s. to lis.; inferior, ljs, .to .12s.i best ewes,. 10s. to lis.; extra, 12s. 9d. ; medium, Bs. to 95.; inferior, to. to 7s. '.Lambs: 1953 yarded, a medium yarding of gooctVquality, prices Hieing much the siimo-as -last ,'week's. Best lambs, 12s, 'fid. to 135.-6 d.;; .'extra, 145.; medium, lis. to 12s. j lfla.;io 10s. Oil. Cuitlaj 245 yardoA.

a large yarding, the majority medium and unfinished sorts. Prices for good cattle were firmer, but for medium and light sorts were easier. Best bullocks, v£9s. lOcl. to --10 10s.; medium, '£! 10s. to • ,£8; 55.; inferior, .£0 to £7 55. - . Pigs: 101 yarded. Small pigs,were in short supply ana brisk sale resulted, late prices being obtained. Porkers and baconers also met with good inquiry, owing to tbo small number forward. Suckers, lis. to 13s. 6d. j slips, lis. to 195.; stores, 235. to 265. j porkers, 355. to 405.; light baconers, 435. to 48.; heavy," 50s. to 555. , to I TELKGUiPn —HiESS ASSOCIATION.) Dunedin, May 12. oat market is dull for anything except "A" grade Gartons, which aro in fair demand, if clean, for shipment. .; "B" grade are not greatly in' request, and only slowness, in deliveries threugh shortage of trucks, etc,; keeps them up to quotation. Prime milling,. Is. 7d. .71d.; good to best feed, Is. .4}d. to Is. SJd-; inferior to. medium, Is. 2!d. to Is. 4d., sacks extra. ' , Wheat: In sympathy with the Home market, prices for prime milling, which is the.only quality in demand, are slightly firmer, but holders aro ■not tiisposed _to accept the prico offered, so little is' business ,'done. Millers aro 'fully stocked,'and nre content to await developments.In the absence of shipping quotations . are nominal. Prime milling, Is. Id.'" to 4s. 3d.; medium, 3s. lid. to 45.; whole fowl wheat, 3s. 9d. to 3s. 10d.; medium, 3s. 4d. to 3s. 7d.j broken, 2s. Gd. to 3s.

STOCK EXCHANGE. V (01 TILEGBAra—I'BESS ASSOCIATION.) * , Dunedin, May 12. Stock Exohange salesWaihi Extended, Gs. Gd. Gs. 4jd., 6s. 3d.; Portl/ind Cement;(riew issue), ill premium; Perpetual Trustees, 175.-.6 d.; Dun.edin Drainage ** Board, 4i per cent.- debentures (maturing 1933), TRUSTEES, EXECUTORS, AND AGENCY CO. ' EXTENDED BUSINESS FORESHADOWED. (bi xelegeaph—rnEss. association.) ■ , / Dunedin, ■ May 13. The annual meeting of. the Trustees,, Executors, and Agency Co. was held to-day. The profit and loss account .showed a net 'profit of «£2052 lis, 4d. for tie year, to wliicli had to be added a balance of 125.-4 d. from last year, making a total of 3s. Bd. The directors recommended a dividend of 5 per cent, for the half-year, making 10 per cent, for the year, and a bonus of 5 per cent, on .£IO,OOO, leaving a balance of: £1726 3s. Bd, less managers commission on net profits. The report J 35 the < retiring directors (Sir JflSj Mills and Mr. R. Hay) re-elected. • Sir Jas. Hills said that lie felt that the comP a .^y i had a .trust-, from the Legislature to permit tho people of New Zealand to share, in tho operations 6f the, cbmpany, and he looked, forward to the day when tho company would lulnl that trust by establishing branches in ono or two of the other important cities. It' seemed to him proper that, they should, when they, felt their foundations strong enough,- undertake business in other parts of the Dominion. • •

Simpson, manager, said that the. matter had not been lost sight of by tho directors, but tho difficulty of getting representation m which they could have entire confidence had, up to the present, outweighed in their .opinion the benefit which tho company might derive from incurring .the responsibilities attaching to such a. step. LONDON WOOL SALES,''. MERINOS VERY DEAR. .(Br TEt-EOBAPU—riIESS ASSOCIATION—COPIBtanTJ •nr 1 , London, May 11. ' Wool, is meeting - a splendid sale. Good -merinos are very 'dear. ' ~ , . , ..> nK 10 c JiP realised 9ld. per'lb.;'Waiiora, ll}d.; Tikapu, HJd.; Titi, 12id.;.'Hiku, 12|d> Messrs. Levin and Company,' Limited, have received a cable from their ageiits in London, advising them of tho. following sales of wool at the sales now on. The prices mentioned represent the average realised for the fleece portion of the clips sold:—JOB over Pihautea, Wairarapa, ,Is. 2d,; -,AS over .Ohutu, ;Waaganni Bd.;■ Manawa,, Temu,-Iog.; RFM over. MV (Conjd.) leain, 9 :7-16d. ;■ JM over WHU, '.Mas-' terton, ,9M.;-Merchiston, Wanganui, 8 11-16 d;' Wool market active, /with American selections 10 per cent, dearer. Frozen meat market t weaker. THE METAL MARKETS. (DT.T*UQBArn— ASSOCIATION —COPYRIGHT.) ' „ •' „ , ? 'London,/ May 11." .Copper, on tho spot, \£s9 135.. 9d. per ton; three months, J260 Bs. 9d. S- P er ' on * three months, Lead, *£13 7s.Apd. ' Silver, 24 7-lGd. per ounce. BANK SHARES AND DEBENTURES. Ipi ULEonAru—ritsss association—corinionr.l i,, .■' "" , London, May 11. ■The following are the latest quotations:- ' . _ , Buyers. Sellers. .. . Banks.; £s. d. £s. d. Australasia . 107 10 0 108 10 0 New South Wales 45 10 0 46 10 0 Union - ... ... 61 10 ! 0 62 10 0 -National ... ... 55. 0 ■ 510 0 ■_■ New Zealand ... '10; 00 - MIO". 0 • '•' Bank of Now Zealand 4-per cent, guaranteed debentures, .£lOl.

AUSTRALIAN PRODUCE MARKETS., (HI TfiLEGHAFU riCBSS ASSOCIATION:- Cill'YHiallT.l . _ ... „ " Sydney, May 12. Wheat, ss. 4Jd.; flour, £12 10s.; oats, algenan, 2s. 6d. to 2s. 7d.; white, 2s. Bd. fo 2s. 9d.; barley, Cape, 3s. .to 3s. 3d.; maize, prime, 4s. 6d. ; bran and pollard, £opotatoes, £i 10s.; onions, New Zealand, £7; yfctorian, .£8; 'l°Gs.; to; llOs,;; cheese, 7}d.;. ww \ \ ■■■■■.Melboupne, May 12. Wheat, ss. Id.; holders want ss. lid.; flour, All 10s.; oats, algerian, 2s. Id. to 25.. 2d.; barley, Capo feeding, 2s. Gd.; English malting, to 45.; : maize, 4s. 10d.; bran, Is. Id.; pollard, Is. 3d.; potatoes, to J.'i 55.; onions, JiG '10s. Adelaide, May 12. , Wheat, nominal, ss. Id.; flour, Jill,' bran and pollard, Is. 6d.