COMMERCIAL.

Dominion, Volume 2, Issue 557, 12 July 1909, Page 8

COMMERCIAL.

,i »- THE SHARE MARKET. No business was done in investment shares on Saturday, and the market continues dull. National Bank, 'buyers £5 lis., sellers £0 13s , AVollington Investment, buyers lis 6d., sellers 125.; Wellington Gas (£6 ss. paid), sellers .£ll 55.; National 1 Insurance,' buyers £1 Bs. 3d., 1 Standard Insurance, buyers .£1 2s 9d , Moat Export (third issue), seller; £$ le ; New Zea- ( \ land Shipping, buyers £§ 17s ; Kaiapoi Woollen (preference), sellers .£5; Wellington Woollen, buyers £2, 19s. 3d., sollers J33 h ; Ley-land-O'Bncn Timber, sellers -£l'2s Gd., New Zealand Portland,Cemont, buyers £1 2s ; Sharland'a (ordinary), bnyera £1 Is, sellers £1 2s THE MINING MARKET. A fair business was done on Saturday The pales made on 'Chango/wero: KuTanm Calcdonion, 2s. Gd.; May Queen, 4s 10d.; and Waiotahi, Bs. 9d. Tho reported sales were May ' Queen, 5s Id., 5s ; Talisman, £2 14s. IOJd , Waiotahi, 7s. lid ; New Sylvia, 3s 3d , 3s 4d, I 8s 4Jd ; Maonland, 7jd.; and' Dixon Con-1 6ohdated, Is Id. and]is. 2d. Tho quotations, , With the last recorded salos/wero as under — Buyeis. SeUers. Sales .£ s. d. £ s d. £s. d. Waihi G'd Junction 2.5 9 2 6 6 — Waihi 93 0 94 0' — Waiotahi ._.. 089 0810 089 Waihi Consolidated — 0 4 6 — Ka'angahake . — 015 — KuranmCaledonian 02 5102G 02G N.Z. Crown 0 4 9i 0 410 0 410 Saxon .-035 - Talisman 214 G 215 0 214 10} Watchman - 0 19 ~ New Sylvia 0 3 4 0 3 5 0 3 44 Maonland . 0 0 6 0 0 1 0 0 1\ Dixon Consolidated 0 12 0 13 0 12 Con Goldfields . .. 018 0 0;8 G - ' Tho past week was a busy ono'-in tho mining market, and tho course of 6ales was as follows — Diioj Consolidated, Is Id, Is 2d. Con. Goldfields, 18s. 3d, 18s ,3d, 18s. 3d. Kuritui, Is 4d, Is 3d Kuranui Caledonian, Is 8d , Is 9}d , Is 9Jd , Is 9Sd, Is. lOd, 2s. Id, 2s sd, 2s. lid, 2s 6d , 2s Gd, 2s GJd , 2s. 6id , 2s Gd. Maonland, Is. 7d , Is 4d ,Is 3d, lid, 105 d., WJd , lid , 7id , GJd , 6d , 7Jd May Queen, 3s, 3s 8d , 3* lOd , 4s , 4s. 10} d , " , 55., ss. 3d., ss. 3d, 5s 3d, 5s Gd, 5s ljd, ' 5s 3d ,5s Gd ,5s 5d ,5s 4Jd ,5s i\& , ss. Id , as, 4s lOd. Mounta n King, Is. 8d New Sylvia, 3s 4d , 3s sd, 3s 4d , 3s 4}d, ' Ss 5d , 3s 4d , 3s. 5d , 3s Gd , 3s 5d , 3s. 5d , 3s'3d, 3s 4d, 3s. 4Jd. Ngatiawa,' 4d , N Z Crown, Gs Id. Saxon, 3s. 3d, 3s 6d, 3s. 5Jd, 3a. 4d, Ss. 1 4d . 3s. 3sd , 3s. 4d ,3s4d, 3s 5d < t ,- , 1 Tairua Broken Hills, 2s. 3d., 2s 3id., 2s. 4d, ' 2s 3d , . , Talisman, 535, 53s 3d, 51s, Sis Gd, 555, . 54s 8d , 51s , 545. 9d, 555., sis. 10Jd. Waihi, ,£9 4s 3d Waihi Consolidated, 4s 6d., 4s. 6d, 4s 7d, 4s 9d Waihi Grand Junction, 465, 45s 9d., Waiotahi, 4s , ss. 4d , 5s 7d., 5s 6d , 5s 5d , 5s 5d , ss. 6d , 8s 6d„ Bs. 6d, 8s 9d , 7s. 9d , 7s 6d , Bs, 7s lid , 7s. 9d, 7s 9d , 7s lid , 8s 9d. x Watchman, 2s 3d , 2s 2d. i Customs revenue collected at Wellington on Saturday amounted'to ,£592 2s. Bd. The total for the week was .£8624 3i sd, beer duty amounting to , £\K 14s The corresponding figures for last year 1 were —For tho day,, .£966 12s 8d ; for the week, .£13.139 12s Id ; beer duty amounting to .£2Bl 19s 3d. NOTES. The new Canadian Insurance Bill contains, , wnongst various other provisions, ono which prohibits bonuses to agents and advances j against renewal commissions Payment of salaries of JJIQOO > por annum and upwards ; without tho sanotion of tho board is also pro hibited. An official annual 'return, will be required in future' showing the rwmmeration of all directors, officials, and agents in receipt of £800 per annum and upwards < Companies aro in futuro to allot bonuses at least qumquennially, and, to'account with the holders of existing deferred bonus policies, arid to carry these deferred bonuses in their "accounts as a liability instead of showing them, us hereto , fore, as surplus. After tho present year deferred bonus policies are forbidden. Under th« Bill life companies will bo permitted to combine accident and sickness disability benefits, ' within certain limits Every company musi , retain in Canada assets at least equal to lti liabilities to Canadian policy-holders, and of such assets two-thirds in value must be Canadian investments. Tho world's/prodnetion of wine in 1908 is 1 stated at' 3,866,575,000 gallonß, a decrease of 30,889,000 gallons from 1907 The output of Trance last year amounted to 1,131,995,000 gallons, a 9 compared with 1,453,546,(100 gallons in 1907. Italy comes next with gallons, showing a reduction of 121,000,000 gallons from 1907. r The other big producers, in order of volumo of-output, are —Spain, v 473,800,000 ■ gallons; Algona, 171,682,000 'gallon's, Austria, 136,400,000 gallons; Hungary, 121,000,000 gallens, Portugal, 85,800,000 gallons,' Bulgaria, 63,800,000 gallons; Russia, 61,600,000 gallon'!, Chile, 52,800,000 gallons; Germany, 50,G00,000 gallons; Rumania, 48,400,000 gallons; Turkey and Cyprus, 39,600,000 gallons, Greece, 39,600,000 I % gallons; United States, 39,600,000 gallons; and I the Argentine Republic, 27,600,000 gallons. Tho outstanding feature of the'statistics is ( tho great increase recorded in the production 1 of' , Spain, amounting to 73,000,000 gallons, of Ger- 1 many, amounting to 9,000,000 gallons, and of Austria and Hungary, amounting to 59,000,000 , and 53,000,000 'gallons respectively During 1907-8, tor which trade returns are now available, tho exports of Canadian produce to British Africa amounted to over iE400,000, including breadstuffs, chiefly flour, .£232,000, metals, etc. (more than half consisting of agricultural implements), .£38,000, paper, £21,000, wood and manufactures of wood,. £41,000, automobiles, £7500, coal, £5600; and chceso and other provisions, £8900 Tho total for 1906 was £351,000, and for 1905, £376,000 The imports into Canada from British Africa in the last fiscal year amounted i to £6500. Three-fourths 'of the total consisted s of wool, and the other fourth of hides and skins The total for 1906 >as £80,000. In.that year Canada imported £55,000 worth of African sugar, an item which does not now occur. , A great help to tho trade development betweon the two especially in the present ' period. lof depression, is the shipowners' concession in carrying commercial travellers, principals of firms, and others bent on business free of cost.

; ; ;;;;^"^,i ; ;:BA^^ '':0k ipt •;fßyj ; ■ Associa«<mtOopyriglit;) V 'iiH^V'"'---'''-'^ of .England; l !returni''' : issued;vfoV : ;'■<."i>v« >. i the .-week C ending, 'Wednesday,' July; 7,'- : is'.as ?,^y v ;;;--iundex:-rV'XT.;.;',! '.- ixsiiy.:f:-'; »>-■;- -■;■■ ~■;>Vj^vi^r';^/-;'-''^'^ .v;';\.::'J.4 Xete Issne;.,.;;JK7,o73,(Xlo:..GoT.Becuritieß^',ols,a)o '-iiA '. /•.''■ft-.v:'-'.'v.'- 1 ';-=. , i.:--, , ''.S''.V. ; :\'.v''.''.'.:. '; .Other securl- '■- . ;•-. ■■'.-. !<:-Vy-.vte'-O •;;;■:;■■ ;ties;;/--:.;;.' --■ -7.434.0 M "'h *' &?■■?:■■ ':v,\lfevi :^ : ''' ; ';^';^^v^^^/;'^;;^^;>^A■3^ M^.tt»';;;, S?-c- ■- ;.t':>,v' «W3,00a /';';';. vV; ; ;~ ;;;;;[£s/?fl73tfM. v;; : /:.' ; C'V :^'■■'■''i.^'^v 1 -'Y i X':".;.','-B^ KWO -Dwiu«riniSTi 'W ;:;'''■'/''•". ■';"•'.""■. : :'v ;: "t..';''i' ;^^Fr«prfctors'v;';:!-.;?: ;.';Govt. Becnrl-V.:v.;;:; ; -;' : : .'.-.;;'■ :'::'; ; ,V,'.': '■ capital -,;;;£1i,553,000;' ties ..-,"■•-••"..; £16,869,000 ' ;; ;rK?."-'c- Publicde-:-;.' '.i 1 : . Othersecurl- .... '.'ft'' if-: f;: 'posits :;.;;>/10,333,000 ;> ties •;•:■/•.;„■■ 31,817,000 : ' '■'"' .■s'.J■.•:.■•"■'.".'•'■'■ Other de- ■■■■,::>■■'■".. )..-..-i'-r.,y.;-.-':"- ■ ';■'.■;••.-■ . '■; ■•■' V ,';,"-;■:■; - ..'.->• poaita;-'".'.,' IMCO.QOO,.Notes'' 27JBi,000;:•-i : i;;.;'" : -;■ .;:;•"'.. Best, May- .;■.•;>, .' .■ri-'ti;:::;- , :-^/ , :-~.v•:•■■; ■••-. v,--' : '' >--;';;:'- ; ; '■'■'■"; >andother >.;:;;■'>.'■:•' Cola ■'•■■■ ■;'.'■;..'■;.'1,51)7,000 " '•''- *'■'..' '..;■•'.'. .;.'S'.': :':-.;^;'«;o';^-VK: : ';<. : .",^,^a.osl'.poa-;■;;.",.'".i'.■;'■ v./inijesiiooo;- : ' !vS:":;;v.;''Tke'lading' items of the Bank : of England' ".V';,7-?^~'' ;; .Wtoß;ittfford;th«;foll6winß.cbtaparispn^,..-. '?■'■■ ';?.''jv ''■"■:■■■',';.■"■'■ '-'■ ■-. '■; This week. Lastwcok.V Lastyear ■■;'yw.s , V.-/.^;-^/-V : -;W-''4-^^ : -'''''-:i- , '-';:-'''- : iS.v/,--\v:^.,^j8;;.'.; : '■;'■:'-"'■'•■■•'.•■;;'■.'-.Bsßlod-.w.-;- . ~.' ":80,572,000 .; 30,178.000 :;; :'. l ;. : ..'?;Eeserve.;r :;.'.'. : : M.368,0Ca , M,313,000;' ;i£6,J66,000 ''•'■■ •'■■•'■ "-'; ■ Note circulation; kSO,IM.COO' '.- 80,310.000 ':.' 20,751,000 V;',;:: >;.''.; Public Deposits V 10.332.C00', ,12,312,010 ■'■' 4.883,00Cr i;,:--S-:-;/',Otber Deposits :.i4!),£00.000 68,491,000 ■ ,48ft12,000' ;.'-•;•■.-.■; 'j;y.^Proportion;'of v./, - *;:,: ,';■;-';■ -.-■■ . ■•'•.;.'.'■'. .'■■• H'i ';'■'•-'•.' , ,' / '':'."ieservß - -.'.".-.to ' ; ; : "':;'-■'.'.'' ;" : -. '~'.';■■ Vc'i..:';.■;;;>U; liabilities•:.'.'■; '-'■ .(48.82 •;■;', ."-'-'iMO '■ ':'•''•' 49.23 I '0k0:; : M '- ;-GOTERNifENT vKv?; il; '-The-following < : are \the. latest ■quotations'for"! •;'?; ! ;.v; - Government securities, 1 with j a comparison -of .i ...'.'?!.;'',•■. \ : --. \ ■-...'; ''/'■•■.'■;.'' ;;';'" -- ' : y-'4. '>■ ''■'■ '.'• ■ i^T'iT compared "-; : :.;.•'• (A :-,.-;-.-i '•'■';.•■'.-'••' .-.-■. ■■■.•'/ ''.■:..-. ' .•... ~;■: . with ■-'.;•.. ■'.'-.■•'''.'i'.i'.' ''' :, -' : -'■■ :! '■" ■''■■"■ ■■ : ' v . -lastweekl Ai'>'i-v ; v.-;^ ; ': ;:-'*-"- /;:-^v....■.-.'■;■ /-£ 8.'d.., '--;■■ .-.--..■ ,-i- E4% Imperial Consols... .' -..: -Vgl'aa. ft"" HsOd.'higher ,-•;'.;;' .4 ;,,N.B.'W.l933Jan.'July;-i.. ,'loli 0.0. Unchanged !'<; : .i, :'■;.; -0012 6 12s6d.higher: :-';-':'.;-.--.V-?.':;»:-,iN.8:W.l!B5Apl,-Oot'..'•.,;' 0. .Dnchansed '.-•-/■-!-: . «:v„ ViclSMJan.-Jaly...; :•;.'.. 103 0 0 Unchangod ;;■;:.'- E4 ~-Vic, 1921-6Jan:-July .;,:?;.;. , :7i'6s. : lowor' ..;.',;. ;■ t „'Vie.'ltZMO Jan.-July';':;.' ■-'.6S---7'6 • '.Unchanged. ■.',:'.:./; liVß.A.lOlGJan. July ; . ~, ■;03 15.:o 2 S .6d.hishor •'.-'V--;vV-, ; 8, ~B.A'.lol6Jan;-July- ... '-'Bi'lD'-O' .'-'■ B3.hißher :ft ; ,,i-.;' ; . *,; ,;QTdlOMUan. July .„ 103.10 .'o„', Unchanged '.■l'. ;:;. £4 ~ Ql'dHfiWOJan.-July .. ~• 'W 0 0 \ \te. highor; !;;:'-•''■; •.'■■ I; ■■; Q'l'dlW247Jan.-July;. :.■„-; -UnehaiiSed ;;.•;■:•.;.< ', r ~; 105-0 .O.; Unchanged ,';':-'•.■ -.: ;ti „ri.Z.l9WJan.-July ''.....'. : 03 ; .O 0 ■ Unchanged !•',•.-'■• '"'-•'■ .8-",',N.:s.lSisApritOct.; '•....' '8710 0 Unchangod -'/;;'•";;':-;ti ,vW.A.1»20-Wifa'y-N0v..:.;... ,0315 0.; ss.highor -•.:-.''"-.;. Bj,„'Vv.A:i'Jls-35iIay-Nov;... ... .83. 0 : 0. ]Os, higher ;'.#;';' ; -:."; v ii v. T»fl.lWoJaa.Jßly ;.-:,.;.;. 00-0 O; :- 103, higher :'-?•■;■.'•'•■'■.- i E ,>Tt».imo-40jan';jaIy'y ,'„; -;t7?,'o■''O,'/ '^.Uhiilianged