FINANCE AND COMMERCE.

Dominion, Volume 2, Issue 514, 22 May 1909, Page 8

FINANCE AND COMMERCE.

j ' TEE SHAKE MARKET. . tho: morning ,'calL*a. sale : of Wellington, ;«/?;■/* t'ljepbat''was'id'ade;'bi!iV.'Cliang«''at';&^.6d^;/and ; "-i:visales ..of :New„ Zealand Insurance at w£3 155.,. if, >■ sand Leyland-O'Brien Timber at £1 2s. were re- • i / jported.. There was nothing dono .in the after;;'3;:u/// /'quotations -in number. ;;ls.; National. : i .;; i: . :>Bank, buyers.'iGs 75., sollera. : 7s. 9d.; EquitJi able' Duilding, sollcrs'-.89/' 7s. 6d.; Wellington. ifeS/;'investment;: buyers, 115.;.3d.j/Wellington- Trust '/Kand 'Lban^.oellers-;iß7,ils;; 'Feilding Gas,; 'buyers: -sellersvifil. Is.-;' Napier.i Gas, XIO paid,.; sol-; ;] CT s Jfe.i^W^ellinffton'Gas/.iClO'piud,'buyers; lis. ; I South 'British/Insurance, buyers i! 2 /&=;/ //■ !Bs. : Sd.y sellers; ;C2/Ss.'\6d;';'; Gear; Meat,/'ijl paid, ''';:•(!■•?■ ;'ibnyers : >i2 v l2s!v':^;paid,^.buyers:i£lo/2s;-'6d;! 'i's'i? >vS>;j : : ;JiWestport /i(Kali{-buyers'. i£S 6d; j,-Westport-wMM K Stockton ,: 6ellers , ißs. : !iM;;. Kauri-Timber;, •i 'Vi; .iJjuyeTs Usi'Sd.i sallora'lss.;. New Zealand Port- '.%• . ' land Ceraent;:sellers^'ls.. , : . '••' \< ' TEE MINING MARKET. ■i•£?.■!■W: - Businesst'-ias "slackened; i-.arid^-'.M ■ fow ■ sales ■ >woro recorded. • yesterday. ■-iAt ■. the, niOTiiing":."calfc;BUes : ibfe.^aihiAat.>J69v6s.;'. , and'. ' 'New Sylvia. i»t ?s. sd..wero made'on'Change, y i .f'Vi v and, sales; of/Consolidated,Goldfioldsat'.lßs. 3d: , ' . . .and.lSsV Talisman'at JS2l2s., and Waihi Grand ' :•: .'Junction at;'iE2.ss; 3d; and .o£2 Ss./.ljd.'were Tepor'ted.Vj-At: the afternoon'sitting;:four - sales; . • .of- Talisman '.at. JS2'. lis. : 6d.. were made -on ;.r, "Grand/: Jiinctibii: at-je2 ~'4s; 6d., and Waihi'Extended at* 65.. 1 d. were 'sales "were.as .under:— ••/- . .. '■■'■i:yy r •/'"/•-. i •..•.•'Buyers. Sellers. Sales. -• £s. d. £s. d. £s. d. AWaihi Grand June- >' i tion 2 3 0 2 3 6 2 4 G fTailu ,S i 6 950 950 < /Waihi Extended ... 0 6 0 062 061 [Talisman 211 6 211 9 '2 11 6 ' • • JrWaihi Consolidated 0 2'3 o'2 5 • — • • fWaitangi 04 3 04 6 -*• Saxon '0 2 0 0 2 2 — New Sylvia ... i... 0 2 5 0 2 7 0 2 5 |N Z. Crown — 05 2 — ; .'. : , iMay-'Quoen-....;.V." •:••:—/ -.0 -2 3 -:/•;—./;';: V -f'New Alpine,lOs.pd.. 0..7 0 -.. 0 7 3';' I .' ■: jlvtiranrii Caledonian 0 1 1 ■ 0:1. 3 —. | Con. Goldfielda . 0 18-. 3 018 0 >■ i WELLINGTON MlikllT REPORT. ■ v If. Tho New -Zealand Farmers'- Co-operative 'Dis- . .tributing Company, Ltd., report ,as follows':— -'tA!^r-V.tMaize^''ss.;-'Sd:j is." 19d. ( ;;. ;; . iltarley, -Cape/seed,'.3s.. 6d.';-barley feed,',3s; .-to! 3d.; bariej ; ;meal, iG. 18s'.- per ton; oatsj 2s. :rS : .''fßd:itb 2s.;4d;;'oats,/seed;/sparrowbills,' ? gartons;. ... .'-duns,; algeriaris; :25.-. Sd.' oats, crushed; 23. 7d. .per. bushel; hay, pnime. -'wes :10s. to 10s. per iv ./ : -;i./'i;-,tott 55.; 'oaten,/-w62.25; / 6di; bran, ss. to iC5lOs.";: pollard, i66155;.t0 'JB7; ss. per. ton; linseed, . • :.. oil cako, genuine, 145.-perj owt.;. prime oaten- • \ |heaf chaff, i! 3.55. to jE3 10s. pertonj potatces,■ Derwents, £6 10s.; dates, £h 10s; onions, £5 : .' _10s".' per ton; butter,' separator 9jd., dairy'Bd; ; . - . : to 9a. per''lb;;: eggs, fresh 2s. 2d. per dozen, • : preserved Is. ; 4d. per dozen; honey, 60's 4Jd., ;;y . ' 14's sd: ; b&eswax, is.' 6d/; f 4Jd. j walnuts, .. ... . IDd.j cheese, best factory-mediums, 6d. per. lb.;: ././/'.'- bacon, : factory sides ; Bd., : rolls 9d., .liaras : B^d. per lb.; porkers, 70's to 80's did., 90's. to 100's .■!s: •;\ SJdi; ;baconers,',4d. i'to : 4sd.heavy/■ pigs,. 3d. "t6 .- . .. /Bid; per lb.; oabbaze„'.9d..per.sack; •'?///» 6a.; :carr6ts,. taljlo, ,23. : : 6d.j marrows. ls.; ; "catdiflower/'e's.';, pumpkins,-2s; pe^'sack i'swedos,' // ;/;'://!/ 255'.,1.tb. :3fls;;-per; ton;, desS«rt, : 6s. to :7s.'. :v/ 6d. per casoj'apples, cookers, 45.. 6d. to ss. per. : .-'. :: ; caso; tomatoes;;.2s. Gd. -per half-case; quinces, ;i /;'V;/f Ss.. ."6d.: ..per.Vcase ;pears,-. dessert,V: 95.; i' pears, • .." cookers, ss.''per case; poultry, tablo r'coslers ,'. ////.' / :4s.i ■ oookerels' 4s//to.:ss/;' stable* hens 3s; i^ducks^i 6s. 6d., all at per pair. GRAIN MARKET. ' 'fel TXLIQRAPH-r-rRESS ASSOCIATION.) ,/' i Christchurch, May 21. : The local'.wheat-market/continues quiet; andJ:'.-;, ; Int . little business has/been: done /since' Tues r ' ::•//<;::/; prices /obtained/for -what; grain has w -/changed hands, hardly iorm a basis for qnota:;::';V//</tion;purpbsesl' •' It appeal's fairly/certain,-how-; :/;/>'■ /iever,/that'very, little/milling wjieat /is obtaih- : ; , able _ under. 4s. ./Shipping 'accom'modation/'is :--/'•" ■' . offering -more: freely,-:/and,'-in consesquenco, :.::" shippers! : are. ;getting -rid: of grain .-.which . has / ' . been awaiting/shipment ; for ! some ■ time/;: It. is ..' anticipated: that as a result of .'this-state of ; • affairs -the -wheat 1 market 'should shortly show eims of improvementi . • The oats market is still quiet, but is expected . .. •. . to show moro life, as : foon ; ,as, the corn sacks -/"'*. . arriving by the Aparima- are' available. ,'-v- ---• ' In other lines 'only.'slight ' alterations" in prices aro recorded. -;"- : // ,^: //-' ;//' The Customs revenue /collected at Wellington , jresterday amounted'to 16s. sd. ' WRIGHT, .STEPEENSON AND CO. ' , .■ (BX. TEtEOEirn—raiMs assooiatiom.) Dunedln, May 21. './ /,; •. • Tlie; third, annual meeting,' of shareholders , -;;/";-: ; ..''-'.-fa'' the'firm of Wrij?ht, Stephenson and Co. was held to-day.The directors', report stated that : tho profit and loss account showed a crodit / :- /' balance of .224,859 Gs. 7d., from which had to bo dcdncted ah.interim dividend'for. six months. . ended September 30, 190S (.£6412 2s. id.), leaving •.!• a balance of-.618,447 45.. Ci/ The directors re- . y oommeaded >that, after,; making. fixed! payments. ; on foundois' and'preference shares, a 1 dividend: : at the rate.of,6 por-ceht. : per/annum bo paid, /.leaving .\£BS7B '7». 7d. to be carried forward. On tin motion of W. D. Hniit, seconded by //:-■■;//; / Sir. Jai. 'Hills, the'/report, and-balance-sheet ■ '■■■'■!,/.' we rß adopted. .The retiring director' (Mr. J. '. . A. Johnstone)'was reelected. / - STOCK EXCHANGE. (EY TEI,KG!!.\rIi—PRESS ASSOCIATION— COriRIQIIT.) i' ' Dunedin, May 21. Stoek-.Exchange sales:—Waihi Extended, 6s. • r ■ lid.; WaiJii. Grand Junction,. £3 2s. Od. (two ; . -parcels). Sale reported :—Rise and Shine,- JCI ; 145.:3d..:A.///./: : '

; BANK OF ENGLAND RETURN. - (bt, TELEGBAPH—PRESS ASSOCIATIOK—OOPTWOHT.) . , i ; (Reo. 7.50 p*m., May 21.) : London, May 20. i Tho.Bank of England retum issued-for-the wbek ;ending, "•■Wednosday,;' May. 19, is as underr— '. • . . . :-- "'/ /' : :■ / ! / '.. ' ... :V. ICSOTI BF.PARTKENI. • Kot» loans— £E6,SU,OCO Gov.secuntles£ll,<os l COO ,- •• • . ■ Other Becuri- • .■:• .//-v/:-:-' -- --••••.: lies ' . MM.OCJ '/ ........ . .. .Gold ' ...- 56,693,0«)'' iss^MJico Buotmo DETABTinK*. 1: : rroprietors' - / :;Govt.-Becurl-... . ■ . ' ; :c»pital i/'fH'SS.OOO';' tiea;;.-:. ; ■iJPablio.ao-V Other seouri-' Doaits - ... : 14,a5J,C00: ties '■ 30,57J.000 " ; • Other de- • • . . posits ... . M,985,000; Notoa '. .. 26313,000 , ; ,..,:Eest, 7-day -' .' Vaadotlier . • - Coin ■ iri.' 3393.000 /.-. ■ V'.';)biilr;/;,.;;/;.:3487,Mo'' s/■:'■V/. - m579,i)Cq.... £73,070,000 : The leading items of the Bank of England return afford theifolbwins 'comparison:—. -■ -i '■:<- y.". -• r-.-.;.\e & r-v 'Balllonl'i -' -is.-' 36,833,1X0 ,' SC.K6JMO - 56.049.000' Reserve— ■;. J: a7.736.0C0 27,416,000. - 27,710,000 '/./Notedxealition / 29.aoi.UM -'- a9.163.0C0 ' .58,311,000 Fublid Deposits-'•■ 1i;954,000 " :18,859,00T '10,416,000 ' /OtherDeposits-U ; ; 40,936,000,.. t '40,840,000 43.044,000 Vroporlion- ot - • ■ • ■■ ■ ■■ - .. resorve :to • : ~Uabilitios .....,, 49^0--,,■ ■;19.98 -61.77 GOVERNMENT SECURITIES. The following are 'the latest quotations" for .Government'Becuritlos. /OTth; a - comparison /of those ruling last .week .t- : . .;; -, ..-' .V/ /. '. , Variations ' - '. .-■-'■• l -''.ri.J' last week. ' : , : X:s. d.v -• 2s % Imperial C0n501.1...,:. < .; :£5 ti 3 , Unchaneod i Jt N.B.W. ICO3Jan.-July - -108 0 0 -6s. lower sj ,;N.S.W.imsjlar-Sopi,, -.S9lO U- 23.Ga.hisher .K, < 1033 AllU-Oet. /;-'B3 12 '6 ' 2s, 6d,lower 4 "Vic; lfiSOJaiilJuly^;lo4 U 0., '.^Unchanged Si „ Vie.lsartJah.-Juiy 100 :0 0 Unchar.{ed t -„ Vic.lC-35-JlJf.n.-Jllly .... .;.8S 0 0 ; -: £s.higher 85 , S.'A, 1515 Jin,-July „. 9g 10' 0 - 2s. dd, lower ,8 B.A'. 191#Jah.'july i-ho 0 0 10s. hieiier 4' ;„QTdlSlM4Jan. July":./106: 0 0 ' lCs.'hither 'Si;•,• Ql'dlMMOJirr,July ■■■'.„> 88 10, o ,•> Ss.lajilgher 8;. j ,tj , l'4lKS47Jl,a,Jaiy, '63 0: 0 10s.hi«her ! 4.: " 1( 1i.2. 152iUfty-Kov. ■ 106. 6 c; .'a. ioTer 3J „N.Z.l9#sJ»n,-Juiy 1 ;8010 0 ' Unchanged 3 „ Aprils ci. ... .6710 0 . -6s.lowor 3i „W.A.l!aMoMay-}Jov.; : 8810 l).. 2s.M, higher. 3'-- l '8710 0 ; Oncbauged Bj/, T«, l3tt Jan.-July ; TO9 10' 0 10a. higher :8 . I*3.ISKMOJtn;-Jaly • .... , '88 10 0 . 10a.higher THE MONEY MARKET. : - The Bank'of,England/discount ratb is 2i per. ccnt;,..to which-is was reduced on April 1. ';.Short' loans are. quoted \at/1 ■ • per cent, .tho samo as last week. ' / -- ' '■ /Threo -months' :bills are quoted -in London at Ijd.'per cent.',/an' advance/of'-i::per.'cent.,apd in Berlin at par cent. ... : .. ." ; ' , COLONIAL AND OTHER, PRODUCE. ' ; : Wheat.—Thoi markets are .very, firm, withan active demand for. near cargoes''for tho Continent, especially for/Germany, v An Australian cargo sold* at Msi Cd.^-and a -nearly duo parcel 'at/ils./lbld.'./'AustriJian on Spot is very scarce,, and is quoted ,'at 475."6 d. per quarter. :../,/ • 'Plonr.: is'/qniet'/and'. Unchanged 'for: spot,: notling doing in .forward lots, -i /■ :•-■■ • : Sugar-—Gtrman beet, '-Is. higher,. at 10s; • -7i; first-nark granulated,'f.o.b., . Hamburg, 2d. higher at Its. (Id., per cwt. ; .. ■ -'Butter.—l'he • nirrkct is,.very .firm, ' Supplies aro.':shoft, ,e'wing' to cold dry weather in Bugland and the: Continent. 'Danish, Ills, to 1175.; choicest, Anstralian,' about ■ 1025.,. occasionally 104s;;-.Now Zealand, 106s. . There is a good, demand for, secondariM. ; Australian,- ,9-is. to 985.; New Zealand, 9Ss. to,100s;. / . -. ;..://. Rabbitskins.'—At tho sales ; 1078 bundles were offered. There was. a good domand, and 1006 sold at an average .advance of about a/halfpenny. . .1- - 1 : ■Bradford Tops.—The market is firm, 'but quiet, and prices aro unchanged. • London Wool Sales.—The sales /included- '■ Einemoa," BJd.; and ICia Ora, 9|d. por lb.. THE METAL MARKETS. • ■ ; iCopper.—Spot, 13s.- 1 Od; higher, at :^s9! Bs. Odi; threo months', 10s. higher,-at JKO 2s. 6d.; electrolytic, ss. lower, at i£6o ss. per ton. Tin.—Sppt, - 10s.. lower,-.at; ,10s.; three months', :12s. 6d. lower, : at 1£132 10s. per ton. ■ :-.;Pig-iron, 2d. lower,. at,47s, lOd. .per .ton. ' ' ' Spelter.—J!22 per ton. . . :: . ' ; , LONDON WOOL SAIiES. (bt ■riaioEAPH—raiss iGsociiTion—coT'leiqet.) : London, May . 20At tho wool sales there was good competition at full rates. Tho Otaira clip brought 10id. por lb., Panarai lljd., Brancepoth/ 12fd. COPPER. tendon, May 20. : Copper, on the spot, X 59 ss. per ton; three months, £59 18s. 9d.; electrolytic, 7s. 6d, ' ' WHEAT. ■" ■ London, May 20. :• Australian wheat cargoes have been sold at 435;/ 3di, 435.' 9d,, /445., 445.' od., : and 455.' per. quarter. ■ / // ;

WELLINGTON -SHARE LIST. gesem o'S LIab PRICES. ,' ■.'•■''■ .' fl-U''. Capital Foml ana » a lit} . ptI .£ ■■ ... ■ •■■■•_.. to' ' •.. :. • t » UFA5T ' . . F&idUp. WtaM ' x. aB b Invlaior .• . • - Fonuid. g Bayer. Eellor- ' C;"• i'®:V'C:J : i' i Hi i '<8..:'.' '£■" -£ £ .s., i'. £ ». <1. £ B. d. i »• . fl : :• /••:.. How Zealand _ ' w : . « « oaxwoo'' .504,OCT; <* US; 10 818- 6 9 i- 0 9 6 8 3 1. 4 Ho bUl.B6a, g Jo • 12 Hi ,« 8;0 5 7 0 6 1 'r ;V - '.'■ '0. (rational;,..; ; wi . w w u. ,i/Yi{YYy ''2751920 ; ; <1, lis 1 8 S 1.8 9 ,1 8 9 5 1 '•V. - • -. 'B • . i 6 ■ lo 1 ° 3 16 0 315 0 ' 5. 6 3 / ■ ■ EOOthBritiflll m . 'm «* w ; r ih' tfl n o o ti it 6 2 ; 7 0 6 6 B bbiods » 8; jS j . r S o 11 o 7 210 ;i>: i£:: .;>'■* ;,v ', -v : -'' -v.-;V «» s s' ••»" 553 '||- 3 g. Hr: l |;V I fi'§ f? § J»;i' :: < *» § -I'll 113 0 5 . 3 ' 4 J-I;P-r; ; -v-v: a' : :S V' ■•■"■ i': ■ .'" .' ■ •• " '" 1E0.3V0 JMN ' ' ■ oil 17 14 5 0 14 8 .0 14 8 6 617 W.:. I' •• * I ••• I •' I •' ™ 100,000 6 ' •"! 10 9 o. o o 6 o - .... UiBborns • _' _■ _' Z - ' «•<*" : . . ' i ... Mo 0 110 110 • ' ' Hawera _ : ' -.:• -. ' ' ' Ic fS i ■ • 13j 210.0 2ill 6 . . .-.'• .Kew flymOTtli «i •* -.•" ... •' .,'. „a u ■ ,■' • . V^V.2-i-'V-v- Dial! S4M w • b u . ... : " . , 1; , ;. ;: falmotaton Honh ~ J • a .-.■ 8 , i!> •■■ . •.: '. JgalUMton:-:- U . ~ : ~ : ~ . 27.750 I 1 "®® 4 , • ,4 10 .770 710 0 7 7 0 6 5 10 1 . W(K) 1U nl ?i w, 1717.0. 18 10 0 17 17 0 6 12 0- ' VJ- 1 ' '■ : V.. '- v , • 6l ' .. ". 10 13 0 0 13 0 0 12 5 0 4 9 9 A-f^S : 'ii^"-r::;: h-MZ " ; v r: , 'v V;'vP'v v : ;v ••;.■;,■ ■■-; '-. . :. ' ■ ; '.'v. :,■ •-. .•;; ■ ■■" ;":■, ■ - * : . .•'. '• CbHgtchurch'. _.. i".". _ 163,727 »>•*?}. 71 5} e 10 7 6 1013 6 10 7 6 7 14 2 :• ' Beu«' 'ii ■• «. • :«. . • . 166,820 1U oil b 2 LI 0 10 7:6 2 12 S 4 15 3 •; .:<•. . . „. ' » • .i.;".. :.,. I'liiW U6A28 -1 • »", 121 ■••■ -2 10.0 5 0 0 fivWr':'i»«lllneton.J£eat;'Bip6rf'Ur J". .■ i "' : -"j.'■ fcsa 10 2.6. ■ 10,2 6 .418.9 106,763 . 4 1 b oy;-,..,, 6 o 6 <17 6 611 3 - .' 8.646 i f il 0 6 3 1 0 3 1 0 617 8 : ?7%'iy;^;-:;i^ : ■'■: V V'..:':' ' ■■"'■■■ .:•• •.•'■•' ' '.I-.'. '. '•" •^. V ; " 4Ti,W0-'; ; 115.508 g nil . ft 616 6 : 618 6 6 16 0- ' 7 . 7 0 v."-:': V \.^sia*''bteain v I , erry >u ' > v kWWXW £. •; an . y a 115 0 r -- l li ' 9 1 15 6 5 S: '.7 ! •"■' ■ ■:- 'JWiXW ': ••:'y. -.'1- 'vliii. 0 - .,'•■> - ■.' V\iB(KMU:;i w.; : :;: ; :r:"-; v '■.■ ■ v:•: v.',""-/ • ..v .'' ■.■:■■!'V "■:■■■■!::.■ ■■■;■'.•; '/V-: WcBtport-\..'.;.i. . '' : - : . ■' ; ■■ > . : . . 'Wosijon.Stockton • T """'" • ESM00. 135,673 3 j : • 1} 12} 6 7 6 \6 8 .6 6 I 6 617 3 ..".. .. ftanpiil .... "'. .':HOJXO r : ■■■■ s .nil ... 7 .9 0 8 1 . .■ -' ■' - to.iMJ "1.137 . 1 • nil 7J o 10 0 <019 6 f ■ - .,:■ V'v '.'■■• ' !;■ v' v -' '-■■■!. . :•; >. ': ■ • ' ~ • ™ 100JXX) • 6 . nil "7- ' si 1 ■■•■'*"■■' "' .. .. ' a/elungton • T 63,457 aj ; 14 5 217 0 :' ' '•'■ r-'r....H';... 103,513 . i "..'1 '■ .6 2 19 0 .8 0 0 3 0 0 8 0 0 ; ' j. UISCELLANEOUS, 'i. \-v~p Bonaehy riono ;',-i . f3W) 3® ' 1 nil 6 1 0 0 : '.y, ' '■ ■■. ' .!'•■ ■.' ' , antTO'Brica '.W "•_• 70,000 . 7AS6. M nil 7! 1 1 8. 1', 2 3 i : s 0 616 : 4 . •. fManricoiillo J(3mo _ " • ~- ' .Viooo 815. 1 . K il 6 ! ,1 . , 2 6i : ' i»-& ; Candlo„ „ '(.'10,000■ MS 10 . ,nil /8 , ! ■ " 'i' . . ••'K-fr DniBS. v: :SCftOOO.' ss.tw • -"i •. .'nil:. ,,7 -, 0 7 n <1 s r, c o B . ' I*' 0 ?. Hill!'•• •• 04,775. , 1 nil . 7 1 3 6 123 616 0 ' "S s& &<•'"/.' JS)i <'■" '••• - -4 ■ ; 7,065', 1. : 'nil: ... • '. V..>V ; ;^v.V^K W^6^ bo T -f? d T i : 46.250': r ?0.i53: . 2i ,2i 10 . . -68,013,. . 13,768 , 1 .V nil A ■ 19 3 0 19 0 019 3 ' 7 16. 0 .!' - v; ■.■!;■Tho &bo've quotations are:taken from the daily official lists of the Wellington Stook 1