FINANCE AND COMMERCE.

Dominion, Volume 2, Issue 547, 30 June 1909, Page 10

FINANCE AND COMMERCE.

. • , , . . THE SHARE .MARKET. ■ 1 solo of, Sharlahd's'ordinary shares at 19a. i'/.'6d. !was reported yesterday.-: Investment shares; '• have been qniet for some clays, and this con-; .. ' ; dition : is;likely' to cohtinne.-;.' National Banks, . , buyers -.£5 10s. cum dividend; New Zealand -'-Insurance,-buyers i£3.175.; .Standard:lnsurance/ ■'■■V■■"- : soller9.'jei 3s.;; Wolhngton Investmont;-, buyers ..' lis. 6d.; Wellington Trust and-' Loan, ■ buyors ; £1 Is.; , National Mortgage, sellers J!3; New 'Zealand, and River: Plate, .buyers. J!1 ■ 155.; ,ii ;■ ■■; vFeilding s Gas/ buyers .£l' 0s; :3d.,i sellers' : . os.: t9d;;:.v:*VVellington :Gas,; ! .v'-Slo. ;^paid,;/ buyers- :,; jeiß; 109.; Gear-Meat; iEI paid; 125.; Meat .f?;, ;; ;.: ..'Export,:v^2'l2s. ; 6d.':-paid,' ; sellers,; i£3;'- Taupiri; • /-Coal, :,"selier's':.il'S;os.' -9(1.;'/ Westport-Stookton, ; : ;;;i^:.;::vßeUers-;-.75. i ;..--Leylind-P!Brieiii;\ltabeW rollers' i;/»; ? ;;:,'i£l : 2s. fid.; Wellington ; Opera",jHouse, " sellers ■ , :• :£j. 18s.;'Sharland's ordinary .and preference, K THE MINING MARKET. -.'. At the morhi'iig"call; sales, of Waihi ; Consolidated at 4s. 6d., and New Alpine (lOsi'paid) at, %;®;:?;;9s., were: made on /Change; '.'The sales'repotted:' both ; sittings';.werev,;Waihi-Extended. 6si-Id., - .Waihi r Consolidated-4s. 7d.',- Now Sylvia 3s; 2d., 3s; 3d.,--3s; 4d., May Queen. 3s. .3d., New Waia-;:Vrh';-«tia!,l2sd.,;:;is/:-ld;;;\Maorilahd;;ls.::3sd.,,'ls;isd.;! ' Is.'sd., and'.Pactoius Bsl. 6d. -The quotations,' ;. ? with last-recorded Sales, were as under;—,;; .; : . -y. ' Bu'yera. Sellers/- ..Salos. \ ' £s. d. £s. d. £b d. Wnihi Grand Jnnc- < tion .. ' N 2 4 9 2 5 3 - • *VTailll ... ... .... 9 2-6 :9- 5"0 -r- ■ ■ i- Waihi:Extended 0 6'3 0 G 1 . ■ Waihi :. Consolidated 0 4 8 0 4 8 . 0 4 6 Waitimgi 0 3 9 0 311 — Watchman 0 18 0 110 — New Sylvia 033 034 034 : Maoriland ... v.. 0 1\ 2 o'l 4 0 1 5 New Waiaha ... 0 011 0 1 2 0 1 1 NZ. Crown .. .. 0 G 0 — — Saxon . .. 022023 — •'•.v: : Tairua:Broken, Hills . 0 2 2 , — ... Tairua- Gtfldeii Hills 0 6 8 — —•- Talisman .. 212 6 213 3 — , : New Alpme, IDs! pd. • — 0 9 3 0 9 0 i -.:: N«wAlpine,9s.3d.pd.'o. 8. 3 08 8 ■.■■■■ —= .- , - , Pactohs ■ 0 8 6 : Hartley, and Riley... . 11' 0 :1; 3 0 . —. Con. Goldfields .. 017 6 038 8 , — :Blaokwater ... ... 1 G G :.■ GUARDIAN ASSURANCE ; / ■ The,'; report': of the/ Guardian :■ Assurance ! . Com , pany7 l j td.', for '190S ) states that tho fire pro-; f ,'miums,Rafter .deductihg -reinsurances,,'amounted-: to >£543,263,■< ds. against ;i538j&19;' in 1907,''show-' .' -, . ing an increase" of >C-1613, and tho losses;after deduction to J8307.150, as; V '&gainst .£301,519 being 5G.53 per .cent. -;.rVf?:: v .-pf/-.th9 pfemiums;®The expenses .and; cominisbeing 3G.43 fiv.J ;,per 'jcent.' of the;.'pi:emiums. After providing ; 1 f;'. / A 'losses,-;; oxpenses,"bad'r.debts, '^and; - for' .-the : additional-; premium required > Vi-h by. the increase in premiums during the,year, -/ : V . '.there 'was;a on the' trading' accountvof .! . • • iE3G,822. '- .Adding to this tho interest (On the funds,:'wlich,'-amount,;'to 407^,there H results..a profit .'of »E67,230.. Out of this sum ....-the directors .have. increased the general reserve;.' fund;, by-. iIOjOOO,.'- arid' this/fund ..now, stands at .£520,000.'Th0 premium., roser.vo fund' amounts., to ;,'^2l6,s9o,'making the total funds : i''^£760,950.-/;Mjor;o-';■" • / V NOEWien-UNION .PIRE -INSURANCE: -. ': ' The report of the Norwich Union Fire 'Insur-/ ance Society,';Ltd.,.;for, that^-'the •: premium 'income - for. ;-the;, year 'amounted ;to 101,504. Tho Josses,; (paid and Outstanding) .. -'"wero. >£661,434, being ,60;05'.per cent/ of the pre- ■' miums. . After .setting, aside ione-third .of. the ■; ' /'S'preniiums (X 367,168) as. a reserve against liabilities on.policies nbt;rtm:off, the balance'at .the ./credit : of profit and.loss' account, including tho o>.v'.'.-'UwpPMPrlated ba1ance,;..£3(18,976, brought for- , , . ward,;is • '-.out.;.of: .which, an','interim *. '■ .dividend ;of. 10s.'-per "share, was paid in Jdnu : . ./.: ary last, aurl. the.directors recommend that a -. . further dividend of 10s. per share,: with the V;,;; addition of. a: bonus .'of paid,; making, with!;the interim dividend paid in. January last, .1-.255. per share for the year 1908. Tho undivided balance amounting to 932,- is car-, ried'forward to next year's credit..;.• ORIENT; STEAM NAVIGATION. - . As,wos>only, to'.ba expected in view of the . . slackness of trade and . genera!'depression' in. '. .; ■ the shipping ". world, • the Orient Steam'Naviga- .- tion/Company, did : not ' do/ quite'so well .last; >'-.;:'..:;-.; |, '-year!. ; as:.-in'':;.-1907,v-but:' the .company, has" not suffered .nearly .so as some -of its compstitors. .The report,- which came to ' hand /: - .yesterday,'/,, shows''. a trading . profit of .£09,800, as: compared with - >£90,500 for; the pre- .;' • ceding, twelve months, a drop of >620,700. Praci; : /L/. tically 'ithoi whole'.of .this . was made, up ■ for, y/ K.; : ,hoifevcr,;;by ;tho/imuch/larger/ sum brought: ' into 1 thev accounts-./and ; the , absence 0 f any ' special debit .in connection' with the "fleet" and ; -/- :;; after deducting : debenture 'interest and other ;!.&/;://^barges!;,including /theiusual: 4 percent, for. depreciation,'; therei;. remains a surplus - . . 'of J!31,900, as compared with .£32,800 a year ;; - .//;-:/ago'./ ./ The' /deferre'd rshareholders ! again get 5 . ■. per. cent., and only a slightly smaller -balance remains ,to : :be ; oarrie,d' forward, a very satisfa'ctory ,-record for ; :what mnst : certainly be'."de- . scribca as a bad'year. The agreement with the. Royal Mail Steam Packet Company;has' . /now como to an end. arid henceforward the for.tservice., will'.be performed; by' 'the company, the first of theiiive / : new, steamers'.under /construction sailing' for . ■ . Australia oil, Juno 25.. '" NOTES '/;■ A record of the results.of the.working of the new Limited Partnership Act in the Mother Country, during the,first year of its .existence indicatos tlfat, as .perhaps.,was to be expected/the ...r' trading, community, has not ;as yet fully grasped, the advantages to' be-derived.from the enactment. But there ;is : small doubt that, 7 as time

goes; on;trading cdhcerns'of the smaller class. Will mako increasing.use of 'the Act. : During 1908 were made under it, /most o£ which wero for remarkably small amounts'.* In 25. cases the; amount'received into the or less, while in. 77 cases .the;protected amount has been A'soo or . less. .- In; only 12 cases was it. >65000' and oyer. The .total amount for which protection was ob-, tained; Was V the rsmallest'-partnership .registered.i being for.'the protection of a >810 subscription; and the largest for .£40,000. The .average /protected/ Capital : in' tho 133 partnerships was'.Bls9o. ' . . A large creamery-. establishment 'has boeir opened at Harrismithj; in Natal, .by Harrismith Industries, : Limited..' Tho . creamery has; a ■working, capacity, of "20001b. of butter• per day. ~The 'supplies, of cream from the district have testified to .the/neeS and ,possibility,: of development of this new 1 butter-making' industry.'; ' '"V \,•'.- "!'. .//Customs., revenue ..CQllscfed".at-.Wellington yesterday amountedt o-XHIO 12s. ld.. , - , . FRUIT AND PRODUCE REPORT. Tho New Zealand I'ruit'and Produce VCo'., Allen . Street,v Wellington,; report, prices .ruling in , their market- for the' weeVendiiig ,f Jtme-.28 asfollow: —Potatoes, 4s. 9d. to ss. ;6d.' cwt.; potatoes, seed,. 6s. to .7s.';cwt.; onions, ss. 6d.--to, Gs.: cwt,;: carrots, 2s, to. 3s, sack"; pars-: nips','ls.,;3d., to 2s. v 9d. sack; pumpkin, -3s. -to Is.- 9d;;-'sack; cauliflower,- 6s. ;to 10s., Gd. sack;, lettuce; ls.<6d;. to 3s. 6d; case; spinach;, Is; 9d.to 2s.\6d,?case;;'swedes, IS.' 3d. cwt.;' turnips, Is. (id. to 2s. sack'; beetroot,' 25.." 6d..... to,' 45.;3d. sack;'/marrow, 1 Is.r 6d.* s to' 2s. sack ; cabbage;. Is. .to 4s; Gd. Sack; mandarins, ss. to Gs.; lemons, 7s. 3d. to,7s. 9d,; pears, ..dessert,; 401b., 9s v Cd. to 135.; pears .(cooking),; 5s. 1 to 65..; passion fniit, ;3s. to 4s;,•■'pines,;7s*. 3d. to 95.; pines,-ordiii'ary, 6?. to ,7s. ; ,6d.,*; apples," extra; choice, Jonathan ' or. Dougherty, Bs.-to 10s.'; ' apples,, medium, Jonathan or Dougherty, sb. to Gs. 9d.; apples,, cooking,/;Epps. Seedlings, ,45.,, 3d; to ss:; apples,' .cooking; Wolsleys or. Wash;-ss. 3d. ,to Cs. ; Cape gooseberries, Old. per. lb.; island oranges, 7s. ■to,Bs.\Sd.; eggs, fresh, Is. sd. to Is*..Gd.; hens, ,35.,.t0 '4s. -per/pair; ducks,',ss. per pair; tu)v keys, 9s. ; to 10s. 6d. per pair; chaff, £3 to £3 10s;;',oats,;;2s.i2d.' to 2s.;3d>;bushel;,bran, 10s. 3d.'.; per* sick; peanuts, 225.;-. per sack;, pre■served, ginger; ' 6Jtl.' per lb.;' walnuts, :4d. to 4Jd. per lb. . j : ;U";,i. v .; f . WOOL AND SKIN SALES. y Messrs. ';Dalgety.;:au<i .Co;,'. Ltd., held their monthly/wooh sale-at 'Blenheim . yes-. terday,and offered an entry of J3OO sheepskins, , 20 bales of wool, together with a quantity of. bag wool, hides, tallow, etc. .Buyerswere well represented, .and prices; were" higher, for saved , skins ■ and; best crutchings.. Quotations t-? Halfbred skins,/7d.-/ to 7Jd.;,-halfbred . wools, > . shorts, ;-51d. : ".td "fid.; . dead, 3d.. to : 45d. ;Vi)el ( ts,i'9d. ; each; crossbred, ;6Jd., to 7Jd, | halfbred'/'wdols, i'ssd./.to merin'o;;4Jd. to' 61d ; :; 'greeh.vskins;, 4sK 2d. to 'ss,':'.6d;'; hides, ox, ~5|3j /.to-s|d-; cow, 4d. to Sid.; calf, 6d;;/rough'. : fat, 125.:t0 145.,6 d.; rendered in tinsj'l7s. 9d. , - FORTHCOMING WOOL SALES. . .' (By- Association.-Oopyrisht.) ■ !. (Rec. June 29, 11 p.m.) ' .. .; ;■ .. -. "' - London, June 29. For. tho forthcoming wool. sales 1225,000. bales have arrived, of which 135,000 bales have been . forwarded direct- to .the manufacturers,-/leav-ing,: nvith wool. held > from last sales, 150,000 : .bales'/available for :tKe sales/ .' ,-: ,f ./■/- .;: j,V ;, : ; ~.;; '"V'; /• .... ..-. WHEAT AND FLOUR. 'V. (By '.Jele'trraph.-Press Aasociatlon.-Coprrieht.): - '' London, Juno 28. , The total .quantity;of rwheat and flour: afloat -for. the-United -Kingdom is '2,565,000. quarters,. and : for the Continent 2,135,000 quarters, At-' lantic shipments 125;000 quarters. ' (Rec. June 29, 11 p.m.) . '• ■/!-.>. -■ .-London, Juno 29. of wheat,sold at 455. and..4ss: ,6d. .respectively. ' . PRICES OF METALS. • (By' Telesraph.-rPresa Asßociatioh.—Oopyrteht.) . (Rec*. Juno 29,' *11 p.m.) .. - / ■ ■ , London, June 29- : Copper.—On tho . '25.. 6d.; three months, .£60;; electrolytic, - 10s/ -per ton. : : Tin.—Oil the spot, .£132 55.; three months, JSI33 17s. 6d. per ton. •. -.. '' Lead,' ; i£l2 18s. 9d. per/ton. : 1 - : ;;;;^' : j"BAR SILVER. (By'Telegraph-Press Assoclatlon.-Oopyriffht.) ■ - London, Juno 23. ■ Bar., silver.'.is. quoted at .24 : 1-16 d. per ounce standard. • ' . ' •STOCK EXCHANGE. (By Tolcuraph.—Press Association.) V Dunedin, Juno 29 Stock Exchange; sales-.—Golden Bed, 7s. Gd. Bs.-Sales ; 'reported:— Coal,' X 6 7s.- 6d.';' Golden Bed; 7s. ; New, Alpine (contrib.), Bs. 8d! .

'-yyr r y?K x\r. :: . •v':^ ; 3"-: ' ; / ; yVsK>:':':i : - ; !.,:>'■; y' ::: :Be5em ogldabi- 1« ■ : fBICES. '•;/;-. .Yield- ' ; .Capital Fnad and Polity peI «!= - - ■ _ ; to.-,--:S'». -.:':V..COMPAS».■..,,;--.■-;.- 'paidPp. Balance ,jS Share. H£ ■ -.... ...-,- - . . rnEt In^stor f -%:<;^3^;- : 'J^.:S^:l; : ;,.-' ; ''■-•■'■■.•■,!'. Forward, fc'. ■■..■.■'. ; . h Bnyer. y Eoller. -. Ea i e- . ■'____ .ii&i "lir '■•} ,|v'? is 8;? j i ,si"i ■■■;»;f S^\vr-:v :^^-UiN8unANo&¥'^*^.! '^'- : - . :■.'■ "■£ ;- •■■'.;■■ : ■'■■["■'- ■'■r:'.' : ' :■■ .'/'■•■■ W; : M$mM0i. if; M ; ; 1 ?£■" Jv ,v" #■*' 613 ' %':'''''fttf i^, r ;.^,' ,AM 0!AV / : '- ? J :-'"''='-■-'V' ; .-: i' ; ''■'■' /■'•''" .-'ViKqnttnblijvBulldiiie wi-'W ■"' : K)JX» n DOT s ''■ "V ' J ? 8 1 0 9 SO 9 4 6 6 B . f . >■;. W e uRton Invest. :..; ,... ... M,000' ■ fi tin i 9 ; ! 0]T 6 " .. ,,, , •:,,; Welinfrton ,Trnat andean- ... '-luS- 'J™ ,? D ,f ' 1 ° 78 • « ' ° ° 6 -.'•'.. .■■.''.National MortgaM ..; , '„ ■'... '..SojS' i'S' : 5 ■ b . '»»'« 3 ° ° •■■"■'.:..IKJ5; and .Blwr Plate' • „. .; 'S iiiS : ■ ■ «'' 115 0 : .ud.faMiii(i;.>,.;:.: - ;S. SI j ':• >.»\- - 1 ' '<■ ° > ° ;v'7J:;;.^;'; : r, ; ; : :y"CAS,^> ; yV'' ;:; . ; ,- yX : 'y ; ■'"'."'"':■">, '■. : ■'" r.."■.'•"■.'' ' ; ' ; ' '.' ? :^''.:\ i^'^Vn ; ''-^/-j60 1 8ra' 95633' fi ':■■»"■ 17, u 2 6 " 8 ° " 8 6 6l7l ° "J: FeUding , ■_*! -Z■-'■■2- " : - * ■ K£u "Si 5 nU ;v-' l«'S 109 109 .-.•:■.. Hawera .',-...''.■'„;,«..„., „ . b.itft) • «S ' » ! i }?, . ;.'.. iHapier „.■.! ,.,.„.; , T™ ,.-«" -'■■*■;■, oil ls . ' •: ■. 24 0 o '"•- : - ™''V.;*,-.-g';'■■;■.;,■' ■'.■.-, .-■:..--■ ■ ■ -! : !-v ': e 7 .76o .•>iimi- '.'■£ ..'■ ",*■' }" 7 I'l '-"0 0 ''T.7 0 .6 510 '(•,. :.Wellington.. ■; ,..,.,„.'._.•,..) , .«•«" 4j .„ji-, lu js'io n 1810 0 ■:■-: "."-aA ■ : ~f':'-» ■!' : - , H-W ':'^:^ : ; ,,'°»i" Rio o ho.-p. . -: , : ;; : :o?:'^V.;V';;-^uijbati'; , .'-'.U. ■•'•■. -;;-:"■;'■.• '''.:-l'- : .^^.-.';'.'.: /,::;': : . .■.'■;■.• ;,;■: , '.. ■ .Canterbury/;•'■.':' i'. '..£;. t ,'.-, 'i: ■ mm, ■ -"mmi- »i' r 'l? 8 .. ■,'"•;'■ ■'■. .','■■ ' *:~Sa ; :.:r::;jaf!S; El -m s I?j '«• , ,.WelliDBtori Moat Export'-'i; ' .„ r':'. ■"•■' : l ,'»" ? ' 6 4 6 .. ■.";'■■ :V;': ,.».'•■ K 105,766, 047,050 : V ■? ■'• '■■ '■';■ < ib 0 417.6 "J* Br»ngaan.i-.:V .■-;;,;'«■ w ; :.:.*6.85o■". ...y'8.646,:. -J -V n fl ■.:■■-:•'.•■.' '??'=. f !'v'"^;^ !^^'^?*^NS Pogii^j^;j^-^. : ;- t ;-vVv':■- / -' ; - ; V-;fty -■: '.;',^'- : ' = ; -■••I:'^'v;.^:-,''..;;:' '-^y y ; '-'''- ; rfZ ; Bh J ipping Y ii;W^' : 'V ; --473,840'' flips''i : a -^"" flU % S! "617 B - «« ' \618'.'o 'j',' 1 ? .:];.: Bnionliteam'y.: :^ : ; IUMXXJ tei&A: • f .' ml : - ■•» ii jn ,o ..;'>'. 114 0 '(111 ,y ;: Wgtn. Bteaui-Eerry i..c m ,v'.-.-~ :,>" ,i;ju :, v.y.ta.i ;i '" :.h u .'. --',.:'-' ..'.''■':.:;'■ -. y 0 rr,y t ;;,'/ ■ : ';:\-' ; ; i36,675: ''« :'- l! -^'. : V.'.B-0 6 'S'° 6' 8 6- ,''6'16 :a.:,:vjye 8 ti>or(rStooktdn';y'i..?---"?>^:: : r ii0.C0O . •■; •"'"■.-■■nil' ■•;,"■•, ■ ; ,-, J ' 0 ,,, y;,- : :Taupm.y:.i..'-,y..iyy.; y',;;.;: ;y. yto,wu ; . .ya.wy ; ,.mi ;■'.' 1 ,o o -- 1 " a .'■ N ' ly : y y-y■■._'■ ''■' . : - ; --/.- "■-./.; ::y : y , Kaiaporiy^ ; yioo.coo- :, 6 ':''nil' >l i' 6 ».\'? '-''"/y ■:; ; --.----.••• Moaglei .•'■"•»:,;''-i.'■:.'.■:._;,i."j-'.'• j B3.4S7. Hi ■' M Y /•■'• '' v r:rS.Wellingtoa'V-v;- r y;..;; y.- y~ : iua,518 : ,:,■ 'a*5- ■ , : :-7f ; i.;-. ,$'•> y2tl9 6 :- 3 ,. 1 ; P. '. 3 O'O » 0, 0 ,:- .-'■-';;.■: ,= -." , :.' ■'•■>' y M . ■ A:/- ■■; S:>^ ; S-i,-;;?'yV' -!-".: ?.'"i'si' 'l ; : nlii 'JiM'j::'; ■ ■■,.:■■; ... - ■ ■'■■. : ,:, ; •.'..■ ;. ,,'teylana /HKTO'Brioa -• ■ -' :.70,U»' - . 7,fc36 1. . nU,' < .'J , 1..B jO. x a 6 . 12 0 .616. 4 .■.'":• ."' '-'7.000: sis ■ l "'nil 0 , •■■;::■■■ ;.:/:■■■;■.■:'■■'■■■..-■ : " : ■'.'£-5--, 1 i ru « 9 .'.;„;r.:'' tl -y'^ii ■ at.ew.. :: . a y "' I .,■■,:■ 2 66 ,i;Of .';,;'.;• 'Hi;PaporMillj ,'•_.:>„ ;:'u.- 84,775 1 . nil ,,' 1M9 ,' 1 ' a '. 8 . '. : . ■.::-.!<.&. Cement y._; :'..;;..:-_ .•..v."66X0U •' ■'■'■ Vi: : ml, ;.2 o"6 v : ■' /- ■'■" ■■'"■■ ? : -'■ y'/iMauniDR.andOo. -'i;. -"' .'y'leflJO-.'- V4HM-- ■'-.* V-. 1j. i„ :..MHi: \ .'■ ' :'',ward.and,oo. : ... ... r „.•■"- yto,coo;y'M.M3: . 4 :. yi'V ;iy. y ; .-:,: •: ;}' : 5 • -;":iVgtn.'.Opera Houaay..'. „";."•' ".KM., v. .1.705; 6 ■■ml.' .•.' 715 0 ' 718 ° ; 717 6 .718 8- ...•; iVgtn.'.Freah ;Food :.'_ "■'.^y.^. ' - ■ 7.00SU i : y:. -'. .It •■:•. nil: 'Vn' "".':"■-' , '' : -.-■.-, .''ffhitcoinbe and Tcrnlia y„ .'...' -46.250 ', 2i ■,:£»'. 4 '4'3 ! 6 ' ,'„ „ ■ '.■■;. i '.v:-»narUucl.VLUl.''..„:., ,..„:... 13.768: ...lJi,: nil..' ■-* .'".'o 19 i 6 .° 19 "' 019 6 7 13 10 ■ -.-yy ; l.y. The';abbve^qnptationi;are;takenifrom.tho Sa'ily;offioial:list« 61 the WeUinjtpn Stools :\;';.^.y.:; ; : :;.',i'y y;:.'.- '"■\.'-'y\ ..:"•'■'-"■'.'■; ■'-.:'..' : ",0:0';'JixcnanBii"y-vv.y'v'v';^"'-- ".'.'■ '','._