FINANCE AND COMMERCE.

Dominion, Volume 2, Issue 565, 21 July 1909, Page 10

FINANCE AND COMMERCE.

THE SHARE MARKET. Tho dullness in investment shares was again , " ,a . feature of tho. market yesterday.: Bank, of New Zealand, buyers '.£9\ 2s. 6d.; National Bant, sellers'.£s 12a. Gd.; Wellington Invest'inent, buyers Us. 6d.Feilding Gas, buyers 6d.;r Wellington. Gas,.'new. issue, ss. premium; National Insurance, : buyers £1 ' . Bs.'3d. Gear' Meat (JCI paid), I^-; ■ ';> Meat Kxport, third issue; sellers .£3 Is. ; WestportCoal, buyers £6 Bs. 6d.; Westport-Stockton, ; ; / * buyers 65.;; Wellington; Woollen, . sellers £& Is.; loyland-O'Brien Timber, buyers <£1 25., sellers : V i6l 2s. 3d.;,iNow Zealand Portland Cement, r buyers £2 25.; Sharland's .ordinary,', buyers 205., sellers 21s. 6d.; Taranaki Petroleum, buyers f;. - 7s. j Whitcombe and Tombs, buyers M 6s^ ■■ THE MINING MARKET. Considerable activity characterised this, marJjgt yesterday. There were rumours .of fresh • developments in. the Grand Junction, "which, in consequence, met with, keen inquiry., Talis- .■ in ana were Vfirmer,. while .amosj .'the:, smaller; ::>stocks v Waihi - Consolidated, • \vaitangi, and Dominion were in active demand. The market i' ..: .is very buoyant, andis attracting the'; atten- : 1; i tion of. all classes .of speculators. At the morning call the sales reported were: Consolidated i Goldfields 19s. 9d. and JCT, Waihi' Extended | - 6s. 9d.;, Waihi Grand."Junction Bs., X 2 BS. ] '' N Id., £2 Bs. 3d.,. .Waihi; Consolidated. 45.*11jd.,.] 2d. At tho afternoon .call, tho | ' .-'gales on.'Change- were:; .Consolidated Gold- ■ ■ fields £1, and Waihi Consolidated 55., while | • the reported sales'.wero: .Talisman £2 15s. 9d., I Waihi Grand' Junction £2 95., Waitangi 4s. | ' 3d., 4s. SJd.', vMaoriland -XOd., andDominioA i • (ex rights) lOd. Tho'quotations, with the lajst-. i ' recorded sales, weroas.under::—' r. •

• XEW BBAIAKD IIWST AND LOAN. - The report of the Now Zealand- ( Trust and loan Company, Ltd.,, for 1908, presented at Kk the meeting /On June 14, states:.that_ the bal- ; * ance of undivided profits shown, after payment of all current expenses, is .£22,010. The directors recommend, that a sum of £2000 be, . now appropriated for the payment of a dividend on the .£1 f ally-paid shares -o> of Is. per share, free, of income-tax, being 5 1 .'. per cent. for. the year;l9o3, and that the then '-remaining' balance*—namely, - -carr,' ■ Tied forward. .. The Whole of the. :.£40,000 re-' ' - quired to be set. aside for the redemption. of', '.Iv: ; . the capital has. now been collected,- m addition to which the directors have made distri-, buttons out of -funds'in hand amounting to i:- Ks. per share,in February and.April of the - currant year,, ■ thus bringing . the '"return or capital and other'distributions to, .£6 15s. per ■■' share to; this date. The mortgage's resulting from sales of properties are being reducett by instalments, and the result of payments due at ■ tho ■ end of tho present year should then en- ■ ; able the board to enter, on negotiations for the : final closing of the ' company's business. - THE KAFFIR BOOM. On Jtuie 8 the settlement in the mining mar- /' ' ket of the London Stock Exchange was a for-, midable - affair. Most; of - the - big offices re- • mained open till a very late hour the, previ- *: ous evening ;S about:, thirty extra men were engaged in the Clearing House department, and the accommodation was very considerably ■'- * enlarged. "Chartered" shares closed at 345. - - !< 3d. bid, ■ the highest quotation, since .190., when they-were -within a fraction of ,£2, but sinoo then £1,000,000 > second ■ debentures havebeen issued, carrying-conversion and option ' ' -rights on' 3,000,000 shares,. making tho total share capital of - the . Chartered Company ' ' : £9 000,000. Between May 24 and: Juno 8, tne dates of' the mining:;settlements, there' were . some very sharp advances. -The gold output • of the Transvaal is expanding by leaps and ' hounds, each year exhibiting a substantial ■ improvement over the one immediately pre- ' '' v cedint?. Tho output, aild value of same for tbe ■ 'the five months: ended-May 31; compared .with . the returns for the - corresponding dates ot v previous years,'show ns under:— ■ " - Fine' . 1 ;. -/ 'Value.;; ' .; 1 . ounces. £ 1905 : 1,948,453 8,276,503 2150,174 9,262,085. 1907 2!G31!173 11,170,514 ISOS — 2,824,984 11,999,760 1909 Z.Z. 3,019,430 12,825,729 • London is now in a receptive mood for mining ventures,' and it is to bo hoped that some of tho moro promising New Zealand ventures will ho submitted to- the market. Some excellent developments have taken_place m the Auckland mining district, and fterc " e a ,^ lJ to bo several proposibons worthy of the attention of English capitalists. i- The Customs revenue collected at Wellington yesterday amount?! to J31890 3s. Bd. v Tho directors of the Golden Bay Cement Works, Ltd., yesterday allotted 2132 additional - shares. Further 1 considerable subscription -: are anticijoated. /

LONDON WOOL SALES. (By Telegraph.—Prcaa Aasoclatton.-Oobyrlght.) ; V > London, July 19. ■ • At the ijool sales thero was a, brisk sale at 1 full prices". i (Rec. July 20, 11.30 p.m.) \ London. July 20. At the wool sales tho flowing clips cold r- • Wanganui, 6Jd.; Waitangi, 9Jd. \ . . ■ WHEAT AND FLOUE. : • ■' (By Telegraph.—Press Asaoclatlon.-Oopyrleht.) London, July 19. • The total, quantity. of wheat and flour afloat for the ; United' Kingdom is 2,210,000 quarters, and for .the Continent 1,790,000., 'Atlantic ship- ' inents, 125,000 quarters. The total shipments to Europe during the week are 925,000 quar- ' ters, including '134,000 from Argentina and .Uruguay.; • " - PRICES OP METALS. . . - ' (By Telegraph—Preaa Assoolatton.—CopyrlebU ■ (Rec. July 20, 11.30 p.m.) •.,, .iv,fUtiWJto* > London, July 20. 1 Copper.—On ' the spot,. .£SB 10s.; three, months, i! 59"55.; .electrolytic,'iSs9 15s. per ton. ■ , Tin.—On the spot, JJI33 7s.' 6d. per ton. Lead.—.£l2'l6s. 3d. per ton. . V AN £SO,OOO PURCHASE.:; (By Teleeraph.— > ; : :■.■■■ Christchurch,"' July 20. The Bangor estate, near Darfield, the pro- , porty of - Mr. . J.. A", i .Holmes, - has been pur- ' chased 'by, -.syndicate.' The. I something over 5000 acres, and ■ the price.paid isi,ra.ther more, than .an . average right through of .£l6, an acre. . • ( . MINING NEWS. STOCK EXCHANGE. (By Telegraph.—Special Correspondent.) Auckland, July 20. Stock' 1, Exchange d mining sales r—Bonanza (con.); lOd.; 'Dixon's. Consolidated, Is. 2d., Is. Id.; Kuranui Caledonian, 2s. 3d.; May Queen, ss. 3d. to ss. 7d. to ss. 6d.; New Sylvia,' .3s. ' 6d. to 35.""8 d.; Old Alburnia (paid up), 2s. to 2s.\lsd.- to-2s.',ld: ; to; 2s. 3d., ;(coii.), Is. 4d. to Is. 7d. to Is. 2d. to Is. 4d.; 'Saxon (ex rights •to new s issue)/;25".. 2d. to 2s.' 3d. to 2s. 2d., to 2s. 3d. .to,2s. Id.; Waiotahi; 7s. lOd. to Bs. to 7si lid. to BfL'; Waitangi, 4s. 3d. to 4s.' 4d.; Watohman, 25.; Mount, Zeehan, "SJd.; Blackwater, 2§s.; Consolidated Goldfields, 20s. to' 20s. 6d.; Progress Mines, 14s. 9d.; Golden Pah, I- 5d.;-01d- Hauraki; Is. 6d.,-ls., sd;; Kapanga, 5d.; Royal . Oak (con.), Is. Bd.; Tokatea (con-0, 2d.; Bendigo, 7d.; Mount Welcome, 3}d.; Pride of Tokatea, sd. to to 5d.; Champion, 7\i.; Crown, 7s. id. to 7s. sd. to 7s. 2d. to 7s. 3d.; Dominion Icon, and ex rights), 10d., 10{d. ; Golden Belt, Is. .Id. to Is. -2d. to.ls. ia. (paid up), sid. and 6d.. (con.);'Kirikiri, 2d. and 2Jd.; Komata" Beefs, 7d.; Maoriland, . 9^d.j New Waitekauri, 3d.; Pride of Waihi, lOd.; Shotover (con.), 7d. and'7Jd.; Silver Hill, 2d. and 2j3.; Tairna Broken Hills, 2s. 3d., 2s. 2d.; Tairua Golden Hills, 6s. 7d.; Tair'ua Monarch, eti., 6d..; .Tairua Reefs (con.), 6d. _to 6|d;'s, ■ Talismans, 56s.''3d'. to 575.; 3d. ; ;.Waihi, £9 65., ■ <£9 ss. 6d.;;Wailii Consolidated, ss!' 2d.,,55. Id.;' Waihi Extended, 6s. ; 10d., .fis: lid;; Waihi , Grand Junction, 48s. 9d., to ,495.,3d.,t0 495.;.t0. : ;495. 9d. :t6,',i495. '3d.; Grand Junction options, 1 235. 9d., 245.*; Mountain King; (con.),'ls. Bd.; New Waitara, :Is. (By Telesraph.-PreßSAßSoclatlon.) Duiiedin, July 20. Stock Exchange sales:—Waihi Grand "Junction, .£2 Bs. "Cd.,-,£2 Bs. 4id., £2 Bs. Gd.; Elec-, trie, ss. (t#o parcels); May Queen,. ss. 4|d. Sales reported;—Waihi Grand Junction, £2 7s. 9d„ £2 Bs.; Golden Bed,.- 10s.. 6d.; ss. ; Waihi, i£9 4s. 3d.; Waiotahi, Bs. '' . ; r . .GRAND JUNCTION. (By Telegraph.—Special Correspondent-) ] Auckland, July 20. . -A lode intersected in the Grand Junction . north crosscut at No. 5 level last night ,is , thought to bo the No. 1 or Martha lode, but , its identity will not be certainly known till. f it is further developed. / ! talisman: .., . i ' Auckland, July 20. ' ! Tho careful manner in which the Talisman j Consolidated is managed may be gathered from; ' a .perusal of'the balance-sheet in,. the annualn roports just circulated. The property account a stands at .£221,231 6s. Gd. The 1 machinery, t plant, and tramways are valued at £2500. Than 1 follows in brackets: Add further' expenditure I jC26,521. Of this amount ;£2500 has been written off for depreciation. The buildings are e put d»wn at JBIIB 12s„ the whole of which has li been written off, also ;-lls.. total cost of if furniture and fittings, and XSO, the .cost of horses and, harness.'; , ,The stores in hand and ' in transit 'are valued.; at £1i,687 Is. • 7d., and. 1 bullion'in-traivsit (less estimated cost of realisation), :£85,289 2s. fid. Sundry debtors ap : rpar at ..£403 Is. 2d. The cash in London was lis. Ed:; unclaimed dividends, £1822 lis' 9d.; cash in Anckland )( £2779 14s. lOd.; ' total. £26,dd3.18a.-.9d.;: making tho ; total, for oredit fid©, £344,067 18a. 9d. 1 For Chfldttra'a HMkipe CotiKh at nfpM, Woods' Great Peppermint' Our®,i Ib. 6d., 2s. 6d

r .WELLINGTON- , SH,ASE LIST. -s ; V? ]i '•■■:•■■-.r"', Z*-;-y -'CttpttM 1 Fnndand PgWPM *2 .'■ ■ ' — ~—TITfc . y laidUP- £'^ ' 5 Buyer. EcH«' sSe.' ;- ■ ■ .-:•_.- ■ ■ -■■ -■••:/■: ■-. Y , ■' ' ' '. '-"■' , A ' fl a. i t a. f «. 3- i !• S a: ; -x- f 4 0 0 2 „ 4U 4 w " si u $ on o °ia s bh c 016 x ¥: ''■ ;: - ., ■ '•: . , 1 0 0 1 8 3 [ ! 3 ■»?.,«: ii ;. f ". » |g 5 ■; '■■ 210 0 « 0 0 : : ; y. &^! 3S ~ S JSgg \ ' *_ lu 130 ; , : f. ;■•■■:-; .;;',:-v-:;v -- . ; . - ; ■■■ .■./ „ 4 6 j B 4 \*' : '.-VifonltaW""Kni'dine ... 1 ■''.w •'•/•«• ■ tOJJOO 51,937 • 5 Lj .0.1 6 Vw.. Hretronolltan -Building:;.'.- ,....; !t2,W). 6,1,41 iq -, . b ■ 013 0 „ . , :jiv'V'pllinBton,. Iavest. ... ■ ... ■•• 60.U0U y6$50 1 '& b Oil 9 618 0 '-"l' C^ TOlineton Troat and Loan ... ■ 45,106 6 k iu t w n a 0 0 :S- : 'Nationoli'.llortgago : . ,1.. Xxi.WJO ISsiOW S -nil ai7 0 115 0 4 11 6 K.S5. and River Plato ... ~ IUMA) mjXi 1 .'Jr. , , J 0 40 ' acd Mercantile ». • ... iCO.iSd , 115 0 " 1 u „ .. anokland w w ca ~ JS0.370 95,633 5 «{{ jy *9 6 0 . . • t'hristchurcll ™ . „ _ ... 160,000 ■ 7J,!M 4 L u -. 1 b 6 10 9 10 6 »& ! ■»» $ 210 0 a:3 3 : : Hawcra ... :,«. _ ... ... : wot)" V53 3 -i, 3 w \$z£ ymmlh •" "• 6 "i w : ■ h 0 0 ; .,, . H : ™. Z I 6Wi £3481 ; . Almerston"Horth ~ ... • ~- 57,750 ; nxea « nl ,' Ji! .I/,! ? 710 0 TJ6 "60 ° . :; ;i Wolli» ; ,;.. ~ y. a ,U ; 51.7W | m c i Jo " ;n. 10'. ; . C*nt«bary >.. w u 'w 183,797 83,231 7 J J.} ? . ninn ;• Chrutchttrob--.-. ~ ~ w 10 3 2 ° 5 0 ais'o . ' H n Z r~ r Z .« } 3W ' sS8 10 10 4 6 '! .ffclUneton Ueat/ExBortv. .'... i- . ' -6 f" k V , 4 vV a v 3 1 0 3 0 6 6 18 10 Y. <5 - M0 . wts 6* 011 - -- ■•(■;./ v--' v ; : "' .": *;} -"• ; - v - C : y : ■ ■ a . - NJ5. BhlppinR ..." „ 1T3340 115,503 8 ' nil 617 6. 618 6 6 17_ B 7 S - €uon 1stS!m ::: : r ~ I " J 114 0 ; ' ' -.WBln. bteam Parrj - V 1 •' r! .->■ v ££W>00 13M7S si « ? S ! § o 6 9 0 6 0 " SlS^^s;;::;;:::Ja,/SS s \l r® " ' ' I " -;a> woollen, - V ■ ■ , ' • "■! ; : v : ." v ■ ■ ; Salapo' «. V. w M • J' -3CO-CM .'«« 6 6 ' 600 ; - • WeSSSton* ~ r 'iwii8 i J ' ..i. . b 3 19 6 3 1 0 3 0 0 » 8 « HISCEUANE0U3. V- /. V * • : !'S 7iS 1 Ml 183 120 616 1 ' Bra®'JSS , SS iJ St • > N.Z. Druca ... „ > V„. SW.OuO SS.tM i n? ; v . , , o . .' : ' Hi. Paper Uilli _ w. ' -- 84.7751 . 2MB 1 nil . .119 I S 9 . } KJ6. Cement .. Z- 2 66,000 s!,WB 1 ml 2,3 0 a 3 .0 3 10 B17 1 . : Manning and Oo. - JS.'S?! ' ■ S*SS-". 1 •■' J : 10 ' ■ ' \ Wgtn. Z'- Z ' Z ? »« 6 117 6 717 6 7 18 8 WhiSomb» h imd°roniba ~ so.153 21 " [J g r j 3 : f j n r'.. -' y taarlaud. Ltd, ... .. . ~. '' U 68.013 : 13.708 J d 1.1 0 116 "' " ' "■'■ ■'•'■■■'■■ ; 1 .The above quotations are'taken from ths daily. officiaJ ,list> of the Wellington Stock • Jsxcaaaa* - .

' ' Boyera. Sellers. Sales. . - ( .■ £ 8. d. £ 8. d. i&d, . Blackwater Mines ... 17 0 — ' — Con. Goldfields ... 1 0 3 1 1 0 1 0 0 j Dixon Consolidated — 0 1 2 ~ , 1 | 1 Dominion (ox rights)/ 0 0 '9 0 1 0 ( 0 .0 10 Halcyon •. ••• — 0 0 5} . ; Kuranni Caledonian 0 2 3 0 2 4 - May Queen .... • 0 5, 5 ,0,5G, • ■ Maoriland ...' ... ,0 0 9.0 0 11 0 0 10 New Big Eivel ... 2 10 0 2 14 0 v I N.Z. Crown... ... — .. 0 .7,6, • — : . New Sylvia ... ... 0 3 5 0 3,. 6 • — i Belianoei — 0 .0-61 0 0 9 — - Saxon (ox rights) —-0 -2.1 - — Taima Broken Hills-.0 B O' 0 2 . 3 i —: _ Talisman' ... ... 2 15 0 2.16 3 2 15 9 '■ r- 1 Waihi Extended 1 ... — 0 6 9 0 ; . Waihi Grand June- v tion 2 9 0 2 9 3 2 9 0 Waihi 9 2 '6 9 4 0 - , Waiotahi ... \... 0 7.J) 0 8 0 .... Waihi Consolidated 0 5. 0 :.0 5 3 0 5 0 •" ■. . Waitangi '0 -i i ■ — 0 4 3} , ; ■ Watchman ... . ... 0 1 10 , —