COMMERCIAL.

Dominion, Volume 2, Issue 533, 19 June 1909, Page 8

COMMERCIAL.

THE SHARE MARKET. \lnvestment shares .'resumed, their dullness yes- /■; today, and no business was recorded. Bank of : New Zealand, buyers £9'4s.'Gd. cum dividend; ■ National' Bank,, buyers <65 6s. 6d!, : sellers .£s' 7s. Gd.'f- National Mortgage, sellers .£3; - Loan ' and -Mercantile,'*'setters',,4s.; New - Zealand and Eiver .Plate, bliyors XI-11a.; Wellir EtollJnvcst- . ;ment,;,.buyer3:lls. fid.Wellington Trust. and . Loan, buyers £,1; Chnstohureh Gas, buyers £9; Feildmg buyers il Os. 3d., sellers JBI Os. fid.; Wellington' Gas, £10 paid, buyers; .£lB '2s. 6d., ne^'issue, buyers £1 -lis.;. National : In- ! . suranoe,' selleri3'i6l : Bs.' : 9d.; Standard Insurance; .. buyefs -iCI 2s. 3d., sellers--2s. -9d.;-Chnst-churoli rMcat, buyers .£lO 10s.; Gear Meat, £i paid, buyers i£lo-4s. 3d., paid, buyers' £2 lis. 9d.; Moat Export, Xi paid, sellers £5; ' iOnion Steam; buyers il J4s.; Wellington Wool.. : : 'len, sellers J!3 la.; Taupiri Coal," sellers-"il os. ; /6d.;. Westport-Stoctton,: sellers - 7s. 6di; Kauri I Timber, sellers 155.; Leyland-O'Brien Timber, . Boilers i£l 2s. G(}.,-.New Zealand Portland Cement, buyers. £1 19s. '9d.,' sellers -£2 Os. 6d. ex dividend;-Sliarland's ordinary and ; preference, ' buyers.U9s.; Taranaki Petroleum, sellers' Vs.; Wellington' Opera House, sellers 19s. .

,THE MININa MARKET. -A; good'business was 'done yesterday. At the . Horning oaU a sale /of -"Waihi .Grand Junction .it 'Was made on 'Change, in. the afterj&oon,, v J:he .sales v,on. 'Change were: v Tairtta* t Broken.v Hills 9d., and Waihi ( Consolidated-4s. f lod.,.is. lid. The -sales .reported';: nere •• New;., Zealand - Crown ss. lid., AVaihi ;Grand Junction'.£2 63. -3d;/ '£2 6s. .6d., . , Tairna;Broken.;Hills,v2s.:6d;,'Talisman' M'lZs,' .3d., Waihi .Consolidated 3d., and New Alpme, :9Sr ; ;3d. : Bs. -3d.*; The quotations,' . . with thDclast-recorded; sales,; were/as-under

. : ... TALISMAN COMPANY. : '. 'With' the 'election 'of Mr.'Maiialister to .'the the Talisman-Consolidated Gold Mining-Company- the work'.-of the "Wellington Jleformx.Coihmittee .piay.lbe said' to :be com■pleted./V'Mr. Macalister' will -..'co-operate'".-.with' .. Uessrs.? Auld airtl^Wilson,'and the Wellington iopimittco.has thus, secured a majority on the board.,; The. "faine" .Will be operated on sound business lines, ;.and :the interests.:of 'the share-, holdersj'.as a whblevwiU.; be.: fully 'protected.' xho local committee has been ' working - for about three years tb : bring:about.theße reforms, and the;success ofits :efforta must be, gratifying tc the members '-who have-Teceived tho cordial support ,of -, a nfireat many shareholders. It is expected' that .at ',the next meeting of the London board that: Messrs. Knight and Weston, who are now 1 'theilocaly committee' appointed, by : ttio late baard, Ibo designated local- direc'tors, with ex tended'powers, • -

.GOLD OUTPUT. ■ l Th«':gpid_output 'of Australasia; for* the'five; months - ended' May '. 31 - discloses .again ; a , decrease.' Tho : figures of each' State o? tho Commonwealth and,-New? Zealand.-compare. as - under:— i ' -# ' 1908. 1909..' _ , - ' , Oz O? OzS>otom ;: ::; 277,323 r 268,181 V, 250,498 New .South Wales..,-125,181 , 96,598 " 76,353 ..Qneenslaria ....;i.:v,.;;i92 i 529 ';-',174,314 ' .168,859. ■West, Australia-:. .•■690,308-- 649,568' South'Australia'''.'., • 7,812 - ' 3,200" *M,725' Tastaania, v 27,500 27,500 • 25,000 New, : '■ 188,326 •192,309- '179,'436

; V-' v 1,452,408 1,346,469 'The; figures, for 1901? a',general decline, '/;• * the' total shrinkage for Australasia for the past : • five months, .as compared with' fche samo period .of is 105,939 ounces,. and; it; is*to ,be " '• fearedAtKat; the;, year; .' willclose ; with' a - hie ; : -'.deucit v /';-• V-;.- ■' :r, ,'PvE6isTOATION" ? OF :/f CHAETEKBD " , ACCOUNTANTS. : , , A movement' is' afoot' in England to 'have , ,>gislation-passed -giving'protection to oharrered saccountants,i6omewhat-on::.thej lines .of -. - the ? New ; : ; 2ealand ■iriSasiire.-. ■ "At. annual' meeting of the-Institute, of -Chartered Ac-' • ,jountantfi held last■ month--a- draft-Bill' was put forward .by the council'for consideration deal- '•••. mg with', the.' question' of registration for the V wcoantoncy • profession/ •• The : primary object . or the .Bill is to provide for the registration • of persons practising cas professional account ... ants; e&c&syio 'distinguish qualifiedfrom;:,un- : 9ualmed.>peraonß. il nlJnder..itß- termß tho/admissioii -to' register;, of hereafter : TO m^ m «mbßrß:°f the institute or of -the . stitute ~or rVAccoimtarite" • and AuditorSi- whO -give - notice of their intention , to . .pract. l6 © professional accountants/ In . • additions provision 's that all 'public . tpcountants . who .be ;in "practice -at -the . time of of tho Actj shall,' on .proving their, claims,: be entitled to *be enrolled ; ••• • registerwhilst:*:the . interests ..ofv.the'! ; bcottisb.and Irish .chartered societies ... nial and,.American societies are also 'fully safe- ' • f?S r • : ® maintains and protects the titles now:eriibyed-by thoVmembers'of the In- ; etitnto- of Chartered Accountants in . England ■ and Wales, and . the, members of :the" Society; , .of Incorporated Accountants anil Auditors, tho former .continuing the-uso of the description ' Chartered-accountant" and the latter "In--s°rp?rated • accountanti" 'the constitution' : and -. administration, .of ;each iwciety - remaining' Tin* , . • iisturbed.Provision". in -.the Bill for r . -he admission; of women to tfio Institute of Chartered Accountants in England and Wales, . »nd to the 'Society'of''lncorporated Accountants m.d Auditors under the same conditions as are sow. open ■ to. men. A. Tesolution authorising -:' - the couneilito proceod mth tho Bill was car-' :.!ied with-only three dissentients in a. meetine --. if nearly 400 members; ■ - . • :,'

LONDON MARKETS. Messrs.-Dalgety and Cp.,-Ltd., report having jweived -the- following cable messages' from their' London house under date of June 17:Tallow—l'here is a limited : demand at linthanged prices. Sheepskins—Market- firm, but orices.are unchanged. Frozen meat-The frozen beef market -is- weak, and since'our last wire pnces;.are'.lower by }d. to Jd. A moderate demand exists; for mutton, for which' any change in prices ;is in favour of sellers. The market ; for lamb is weak and without quotable change, but prices may go- lower yet. ' .. n0..-New tZealandLoan and • -Mercantile Agency Company, Ltd., have received the folloiving . cablegram,/from * their London house nnaer : date Juno 17;-rSheepskins have advanced .generally £d., ami. sorts suitable for-America jd. pfer lb. - r . ...... • • Messrs.'* Roberts' and Co*' hav*-,re. .ceiv€d_. tlie • following; wool market, cablegram from London -house .(Messrs.'' Sanderson; Murray, , and Co.) dated. Juno 17:~The market for line , crossbrcd. full-woolled sheepskins has advanced yd. .per lb. Coarse crossbred sheepskins, both full-,, wools and short, havo advanced Jd. per-lb. Other descriptions of skins mow no material. change.

v -TOLUNGTON MARKET REPORT. 1 : --The-'--New.Zealand Farmers'..Co-operative Dis-' tributing Co., Ltd.-,■--report' as follows:—Maize, 4s. 9a;,- wheat,,whole fowl,'4s. 3d.; barley, Cape seed, - 3s.':' Gd.'; birley," feed,-.35. 'to Bs. 3d. per bushelnbarley,.meal, J! 6 10s.'per toil; oats, 2s. «ja.. to :2s/. 4d.; oats, 'seed,- sparrowbills, gartons, duns,, Algerians,'. 2s. > Bd.; oats, crushed, 2s. • 7d. per-bushel; hay, prime, .£3 10s. to .£4 per ton; straw, vwheaten £2\55., Oaten £2 2s; Gd. .'per ■ton; bran, :£5 55..t0 £5 10s.'; pollard, £G 15s. to £1; sucrosiiie,;2ooV, £7, ICO's. *67,58.'; per ton; linseed oil cake (genuino), lis. per cwt.; prime oaten'-sheaf. chaff,''£& ss."to >£3 10s. per'ton; -potatoes,'>£s' to 10s.; selectediCanterbury' Up-to-Dateseeds; £6 '10s.:per ton; onions, £5 per ton; butter, 'separator OJd.' to 10d., dairy 9d. per' lb. ; eggs,, fresh ls.' Bd. to-Is.-9d. per' dozen (good demand), preserved Is. 4d. to Is. sd, per _(lozcn; honey, CfTs 45d„U's Sd.; beesrcax, Is. Gd.;.fundus, .ijd.;,walnuts, 5d.; cheese, best, factory, medium, .5Jd.„ to -.88.; bacon, -factory, • 6idefl Bu., rolls 9d.j han\s>, 8)d. per lb.; porkers, 70s ;to DO's 43d."t0;5d., 90's .to. coners.-'id. to ijd.; heavy pigs, 3d. to 3Jd. perlb.; cabbage, Is. Cd.; parsnips, 2s/ 6d.; carrots, -jtable,; 2s. 6<L;"' marrows, Is.; cauliflower, 1 10s.; pumpkins,,3s. per sack; swedes, 205.-per ton; apples,- dessert, 75.; to 9s. per- case; apples, cookers, 4s. Cd. to ss. per caso; choice tomatoes, Bs. Gd. per half-case ; pears, dessert, 8s; 6d.: to lis. Gd.; pears, cookers, Gs., Gd. to Bs. fid. pel case.; .Poultry;—Taßla roosters,: 4s]. Gd.; cockerels,'. 4s. to.ss. ,6d.;"table hens, 3s. 6d. to 45.; ducks, 6s. to -7s.—all 'at per pair; turkey, cobblers 10d.,. hens 9Jd. per. lb. / ■>. ■ , Custome revenue collected at Wellington yAoterdav ' amounted to J2391&V1+ M.

BANK OF ENGLAND lU3TTON.

(By Telegraph.—Press Association.—Copyright.) • (Rec. June 18, 9.5 p.m.) London, Juno 17. The Bank of.England return issued for tho weok ending, Wednesday, June *16, is as under Ifistn Deustuewz. Nots lesui 67£>,CCC Gov. securities £13.015X00 Other 6ecurl- , " . tio3 ... 7.434.000 . • Gold ... 38,22(3,000 • • ' *55,675.000" " " £50,676.000' ... .yy • BANKING Dbpabtitfnt. Proprietors Govt, sccuricapital *14,553»00Q: ties '... '£15,369,000 - Publiode- : Othereecuri* J ' posits. ,V ; 12,971.000' ..ties 50.752.000 . Other dft* • posits .';;. 44.75G.000 Notes .« 27,610.000 . ' .Kest» 7-day ' • and other' •- ' r Coiu. . ... 2,010,C00 ;■•••• bills '.5.601.C00 . \ : ~..:£75,781,000 £75,781,000 ' The leading; items of the Bank cf 'SsgUnd return afford the following oomparison Tiifs week. Last week. Last year Y ' '£ £ £ Billion w . '38.220.000 86,744,000 37.29J.000 Beson;e... ... 19.WC0 27,357,000 58.52T.000 • Note circalatioa„ .20.055.WW 39,402.000 £8 787 OIXJ •Public Deposits 12.G71.Q0J 13.865.0C0 9!777*000 Other Deposits • 44,756,000 -' ; 43,311,000 46,(6*2,000 . Troporbon ot. • reserve to • liabilities...- BUS 18.70 {LOS . GOVEENUENT SECURITIES. i- Ths folloirinß are th» latest' quotations for Gov.rninont securities, with a compariaM of those ruling last week :-v-

THE MONEY. MARKET. • The Bank■ of England discount rate.is 2J per cent., to which it was rotated on April 1. Short loans are ; lower at li p«r cent. ' •' Three'months' bills, are'quoted in London at If per cent., in Paris at lj per cent., and. in Berlin at.3s pel-' cent

- ; COLONIAL AND OTHER PRODUCE. i'Wheat—Tho continued Continental demand •for ' cargoes is keeping the 'markets -steady, though the undertone is not very strong. Three oargoes of' Australian sold at.44s. ljd.,-4is. 9d., and 455. per quarter respectively. Australian, on spot, 475. 6<f. First arrived New Zealand, ox s.s. Corinthic, is selling at 435: to fe. 6d. c.i,f. .-.v Flour is steady at London, Australian selling :at 325.- Gd. to 335. Gd.J ex store. Tho Glasgow ■market is easier, owing to heavy arrivals offer-ing-'at 32s.'Gd. to 325., 9d. landed. "i OatsT-ta Plata, June July shipment, 17s. lOJd: .'Butter, is quiet-and unchSnged. Australian, unsalted, 100s.

Cheese js easier.;. New Zealand,-'62s. to 63a. Sovne'/by tho Corinthio was overheated, consignees claiming allowances. ■ Sugar—German beet, 88 deg., "2d. lower at lfls.' 5d.; Erst mark granulated, f.o.b. Hamburg, Id.'lower at 12s. 6d. per cwt. Bradford Tops—The market -is firm and unchanged.', -

Sheepskin"'Sales—BooD'bundles were offered. There was good competition and a full attend- ■ ance. most descriptions going in sellers' favour. Fine medium' crossbred, suitable for America, advanced , fully Jd; Half-woolled - merinos declined Jd. ',

THE JffiTAt MARKETS. •- ; • CopperHSpot,'! iSS : 2s:' .&L;' three months, '45s •lower at ,£59; electrolytic,' per ton. . Tin—Spot, 2a.':'fid.. 1 higher at .£133 &. t three months, .30s. lower at 4184 12s.Gd. per ton .Pig-iron, 6i<3. j lower at-48s; 4d. per ton. '■ '. ; ;■-Spelter, 17s. Gd.. per ton. ' NATIONAL MORTGAGE COMPANY. - (By .Telegraph^— Press .Aisoclation.-Oopyright.) ■ (Bee. June 18, 11.5 p.m.) ™ ii -v.-. ~ ■■ ■ ■ London, ■ June 18,...., „ i" 6 National Mortgage Company ■of New Zealand:, has, declared a dividend of 7} !P er centum.' ' •. ■

' v !■' cK "-Buyers." Sellers. Sales. Wa.h, Grand W ° 6 d * 8 d tion ... ... r-'ii. 2 ,6-0 2 6 ■ 6 -2 G O \Tailn ... .... ... 9-0 6 9 1 G —' Waihi Extended ... 0 G 8 0 G 10 Waiotahi■■■;0;. 37 0 3 10 — vWaihi Consolidated- 0 410J 0 5 0 0 4 11 IVaitangi ... 0 3 10 0 10 ■ — tVatchnian ... .0 2 .1 , — — JJ Z Crown 0 5 8J 0 5 11 0 5 11 Kuranur Caledonian :0.1. -2 0 1 i Hay Quoen..0 2 8 0 2 10 — ' £axon 0 2 1 — Tairna-'Broien/Hills 0 2 G' 0 2 8 0' 2-'6 ■ Talisman. w:..:'2.12 9 .2 13 0 2 12 9 .New Alpine, 9a. 3d. pd.:0 8 0 O'8 6 0 8 3 New Alpine, 10s. pd., 0 8 G 0 9 3- —

Variations •— >■: , compared —• ' '■ " " ___ UBtweck. "''' '• 1 4>E.d. • ■% % % Imperial CoumIji.,'; ' 84 5 0 law htehnr .4 • ... 105 15 0 A lower ij „N.S.W.1918Mar-Sej>t ... 99 0 U '• lOs lower * „N.S.\Y. 1935ApWJot ... 88 0 0 loalowe? 34" Vie' leffliwVfr 102 0 0 Unchanged i - 1,8 0U: Unchanged, 1 Vic. 1CS-4B Jan.-July 86. 5 0 As tnwnr •li „ S.A.WJ6Jan.ynly ... ,S3 111 u "0s lower "oMmm" 1 /. U10 » fetlownr i"l 7 • ••' 103 10 0 Unchanged ,81 ..UldlMWO Jan.-July 9610 0 -2sti<l lower » - ■ •* 0 Un™d « "8f tSMSfiW?' ' 9s; °° "\v A liiunu Si — 8710 0 Unchanged lt..»w.AJUMOHay-Mov ... 03 10.0 Unchanged - ' 87 W O ' Unchanged - 0810 0 Unchanged jan.-JnIy .„ - b7; 0 0 ■ Unchanged