COMMERCIAL

Dominion, Volume 2, Issue 582, 10 August 1909, Page 8

COMMERCIAL.

' -Q-. — '.J IN VESTAIEN T SHARES :The week- commenced rather well for investment shares,, for quite a . 'number' 6f sales were recorded yesterday..' At the .morning' call, sales of. Gear. Meat,' .£l. paid; at '£2 125.; and New Zealand Shipping, '-at -■.■i!6' ; .l9s.'; 'iwere - reported; and a sale of ..westport Coal, at <CG lis. Gd.,was mado on 'Change; :in the afternoon the. reported/sales Zealand.'and River. PJat'e.'/iil :UsJ- Cd:; -Taupiri; Coal, <£1 Os. 3d. Coali )JS6/15s. Th? quotations wero without.alteration.: National'Bank;sellers Bs'. j: : Wellington'. Investment,; sellers lis. 9d.'} Christohurch- Gas, buyers <69, 55.; , Feilding' Gas,'.buyers'.'iCl .fls;' 9d.;:Gisborne. Gas,' sellers £2, 12s.Palmorston •. North ' Gas, £T, 15s.;'.:National: v lnsrirarice; - £1' -Ss.'" 3d.';" New. Zealand Insurance, buyers _ : £3; 18s.' 6d.; Stand-. ard;v Insurance," buyers' .'<61;..3?.} -Christy ohurch 'Meat,' buyers' X 1 0: 95.,;... Gear* Meat, M paidj sellers_ : ifi.lo :Bs.V ; i6l paid, .-sellers : .£2 12sl--,6d;; Meat Export,-third ; <63' Is.;,' New- 'Zealand Shipping, buyers J!6 18s. Gd.;' Mosgiel Woollen, buyers £2 lis.- 6d.; Welling-, ton- Woollen, sellers £3Taupiri Coal, buyers jBI, sellers. il'Os. Gd.; Westport Coal, buyers ' jGG 'Usi .Gd., 'sellers X 6 -:155.; Westport-Stockton' Coal; sellers iTs.- 9d:; LoylandrO'Brien Timbor, sollers'J&l 2s. 3d.; Taranaki Petroleum, buyers--7- Gd.; Sharland's ordinary, buyors 215., sellers 21s. Gd., preference;, buyers 21s. 3d., sellers 21s. 6d.; Ward and Coinpa.py■ Brewory. shares, 'sel- ; lors' £i 15s. . .1 ■ ' THE MINING MARKET.

: A fair number of sales hvere 51 ado yesterdayjl 'and • nil were for, 1 prompt' delivery. The business, transacted .was as uridbr:— ■ '.. Dixon/' Consolidated, :ioJd.,' lojd.i BJdl '(first call), j: Dominion,' 9Jd. (third call). .< ■ : ' Komata Eeefe, 9d. (second call). - " May- Queen, 6s. 4d., 6s. 3d., (iirat call). ■ : Mountain King, Is. ,10d. -(first call), ".'New; Sylvia;: 4s.' 3d. (flrst 'call), 4s.r3d. 4s;--3d.~ (second call). . ; ' ■.. .1.. Talisrai.n,' £2 IBs. 3d. (second call). ''.tWailii. Extended, :Bs.; Bs.\(drat 'call). .... QUOTATIONS The' ; Mlo\ving : wero the quotations, with the .'last-recorded sales:— . . ".' •' >'i <'■■■' '■ ■■ ■ Buyers....; Sellers. .Sales. -'V s. d. - £ s. d. £ s.d. Dixon'Consolidated .0 \0 0i '0/0 11 : . 0 0 :8J Dominion- 1 0 0 9 '0 010 . 0 0-9J' Kgm'ata-.t Reefs .0 r0 ,:0 0.0 ; 9 .Knranui ■ ; O-'l? . 0: 110 Kuranui-Oaledonian .. 0 0 2 3 ;—. r May , Queen ... 0 .6 6'-"- 0 : '6 ' 6 . 0 6 3' ;Maoriland/ -.'........;...-. v;.;..; 0 .0 8-•,^o-.0 11;..*-'.. '— . «2 C-owh «■ ' — 0 V 0 — /Mountain:/Kitig. 0/1, 9 v.;. ',vk 0.110 i'Sylvia-0 4 '2J J 0: V 4 -0 il 3 Pride of' Wailii 0 1 2 0 1' 3. : Keliance • .0 0 17J '■V-'i-r. Boyal Oak 0 210 - rr-.;' ! Kaxon ■Of %'■ 4. • 0 2 6 • : .l , airna.:Broken'Hills. .. ;; 0' 210 0,3 !■ ' 'Talisman 218 O. 1 . 2:18. 6 2,10. ;3 W5ihi'.v:;..:.'.:...;9 o.'_' 0-;' 9 10' 0 Wnihi Consolidated 0 '5 8 '.— AVaihiv Extended v..:....,,.' 0;*7.110 8 ■ 1, •• 0 -8;,0 W»ihi Grand Junction-.2 1J 9 ". 214 9 • iWatansl -. 0 4- 0 O/j.4., 2 ■'.' ' V .-vM::»"...^2;0' 1 216. 1 ' 6 ! 3 0 / vS^.:. ,;f l':!4- 0 - 1 '5 -0' . ' Hew Alpine.(con.)■ .' ,B<7 6 Ross/-Qoldflclds VO 17. 0 0 17. 6.' '' TEE HEMP MAEICGr Since tho , third week, in llijf a 'gradual.,.ihiprbvcment.has: takon plac» i* .'hemp,'.arid:'the position will ;b» readily seen frointhe following figures,.-which represent the London: spot; quotations th» High C'ommiisioner,:—\ Grade. lfa.nila!. : - y ■ i '£ e..d. .B s. d ' '>£ s. d; May 22 ............;, 22 15 0 2110 0 21 10 6 Itoj 20 2j p » 21 10 8 '23 0 8 Juno 5 , 23af1"0, 21 18 I 22 0 0 Juiie 12 ~,.23" 0 0 .' -.21 *10 "8' 22 0 0 u'uno 19 .23 5 ft ' 22 : 0-'0 :«2 16 0 ■Jrin8,26,v,,23 : 5 »0 : ■ :22 ;10 8' July- -S; >2310.0' >.S2 V 0 1 '0 .- 22 10 r 0 July 10. '.i -23 <10 '0 *' '22 10 0 23' 8-0 July 17 '3 15 0 2J15 0 2.3 10 0 July 2i 24 0 0 it 1 II 21 0 0 ;july: 31;-';/24 : . 15: 0;,;. 23.10 / .0^; 24 -Oj. ?e; It will-be seen .from the above:- that- between.'tho extreme'; dates,- both', grados;.'.of,- iS'ew :■ Zealand fibre' hayo /advanced. £2 per.tonj.while fair' 6ur- v ■10s. ; 'per -ton. : - jiGood.fair-grade • New . Zealand, adyariced :.fil per-toil between May 22-and July 17; a:- inattcr. of bight :weeks, ! and i another iGI. iper ; ton Jin, tho: followit t: two, weeks,-and fair .-'grade shpwj practically thi'samb. movement;; For-tho latest* week/the /qn6thti6ns:,aro 'diffcjilt-.to;say- 'whetherithe.improvemsnt is,'due to-;'an :improvcd;; demaiid : or .to- shortago intsun-, •plies;..Sor.fay isi'New-iZealand hemp is concerned, supplies have Leon smaller. .Most of tho millsclosed , dpivn':%- tho .winter • months, 'hnd .wanting .fibre 'had ' necessarily:'.to pay, slightly higher prices. But there has been.&o storage' m-the'-supiifjts'■of-Slamlaihempi! •■nndvSin c'onmitpiiti for tfia.' 'tlSf"s ' May 22 .?.!....'., ]o>oo "" May 23 25,000 June 5 IS,OBB June 12 35,060 I . , June. ID 28.UC0 - r ;toi3tfJunt>.-2G itv^v:,-'21,000V,: - ■I . July .3 • 28,000 i' : • . -JnlylO 25,C00 • . • '•. ;1 <5vjy >17 .18,000- . - . ..July 2-i 27,000 July 31 20,0Qfl v: . A «su?t :7 , ...'. . 25,000 . f Manila'- henip. ; has': advanced' in spite of these largo Hvsekly . shipments,- and 'though it is pro-•.Mblß-ithat'Aapihe,"p,»itr;bf. tho .advance was .-a- : ■syinpatliejie..-mpvemeiit--,slill, .'-viewing .'all . tho' appears to bs somb ground for. .tte;.bMpf:tl»t..an';iner6a»ed''djma4'd'has - Btiihn--latsd 'the'demand.'-..The-next-fere iVeeks' : Bhbuld ; ' decide-the; point; .for J.then most ,of-:tho mills will ; hai-e'resumed-, operations,,,and greater suunlies . will be araihiblo. p ; ; -..

WELLINGTON .MEAT' EXPORT COAIPANY

:■; ahe vtwGritiitll ■; annual.'report-"of/tho" : W<sI-' hngton - Meat;, -Export •. Company,> Ltd.;",- shows 'that, after/-providing' ari : : amount of: ,£7141 15s. ./oj'-deprecintiqn, there' remaiiis an; amount of' .7<i. .to the'creclifc of profit'and loss account,': 'of ; .*;hich'>jSi23o' 13s'. '' has -"been : paidi ;as an interim dividend: ; Prom the balance it :that'.a. dividend' of. 2 per cent. 'ior:'-thiS:.half';:'ysar bd' piiid, leaving ''ii-'balance .pf/;^295,7115.; 1 :ld, v ,t!;,v carry. : forward.;; The. ;amqunt"of .lfor.'depfecir.tion," thoughitqt ■ M large ,-as: has, Keen: written off: in; some" .T«ars,.is";e9nsid'sred i .sufficient, :asHh6 plant has •bech ibcpt iii an ~up-to: d ate' and efficient state; "and'the'buildings, are 'now- nearly; all "o'f'"brick. : ' -THo' -directors;;-regret*, that.'they,-; have , not a: .mor»'Mttsfaetery:;bal#H(^^eeV;to''BU(^: , ,Bhar»B#ld«rsr'bulii'p*iiig ' to, ,the London meat' Bferfcrt: steadily 'and ' perj;«teritl.v-;declihing al-' most from;tin 'cp'mmenosmfnf'of' the year, andi' : .<inall j: 1 - -- u ttpi;ly 'purchases;'of;; ftoct, on .thi' bra- account'hare' heen t>rr unprofitable X-The'tstal dumber of - sheep-1 .and .lambs s tilled".for:the .year .was,M,932,"and;pf -cattle. 14,587. Of these numbers, 144,916 sheep, and lambs,. and; 126 c'at'tle': wero' on .account of. clients .who, shipped.,.to the' Home market at their own risft.;-.;,,',":''\ During the year,' Mr;: J. "W., Marshall resigned from the board, and directors appointed Mr. . Edivafd-.-Ncwmiirij; M.P.V ; lii his place.'The,-;, ■■ are.>-Messrs. -Henry. ■Hqlnie* and G./C. '.Wheeler; are eligible, and offer themselves, for; : re-election. Of the auditor'?, ; UrlirO. ;S. :: Watkins-' offers himself for ;fS:.ekction; but Mr;; D. T;. Stuart .'does :hot seek re-election.

I \i notes. /,. ■ ■ >'rKo Khodesiari gold output foirthe' 'five months ended May. 31, ■last..,was valued ' at •i£i,047,052. >-'-f *;• . .The , Blue . Hope diamond.' Was recently' sold ■in ■;Paris for:. .£16,000; it '■ had. bee£ expected to : :fotoh vCgo.OOO. , /"'-v' ■able to. make arrangements lor the shipment of' the 'eojonyfs coal■'■; direct : - to'. = .;Argentina, .the 'Argentine Government: havipg- offered togu arantee . return- cargoes for the 1 steamers Engaged in the' traffic. : .'Natal coal, it ..is said, could -be 'sold'in : the Argcntihe'2s;.'per ton'.cheaper than English coal. ' ' 1 ■ ' vM- ['■. Customs revenue collected: atWellington yos-'i terday amounted to .£1937 :18s; '■7- ■ ■ , ■ .' .WELLINGTON MARKET ■'REPORT:--' Messrs. .Laery and Co., -.Ltd., Wellington,. report ■ wholesale .prices ruling on Iho market:— Wheat, fowl, 4s. 8(1. ,to -Is. ]Ud.; shrivelled 'wheat,:4s.;: feed, oats; l2s. :-to -2s; 5d.;: ' dun oats, 2s. 3d. to 2s. 4d.;'-seed •. oats,2s. 4(1. to2s; Bd/j Algerian 'feed oats,, ,25.--,2 d.: -ti>-.25.< 5d.; : maizc, 45.: 4d. to '4s. 7d.; ' crashed malt,7s.; fowl barley, 2s. Gd. to -2s. 0(1.; barley, seed, 35.; horse. • beans, 4f. Cil; (all ■ por bushel); riccmcal.'JM ss. to \£s;'- flour, Now Zealand-.£ll 10s/ to jßl3;..brao,- J.'4 10s.' to £5; pearl barley. . poas.- partridge; 4s. 9d.; Prussian bluo Ss. 3d. .to ss. (id..; 45., split- JCI7: IDs.; bonedust, J.C; -superpliospliatcs, X's to £&■&s.; pollurd, -CO - 10s. to £6 j,v ; guano, £i 10s.; chair (oatchsheaf), £3 ss. to .£3 15s.}. oatmeal, £10 Ss.to.iitto'los.';;pbtatoes, ; JH ss. to £s;sbed potatoes, £5 to £7; to jß7f Japaneso . onions, ; £13; molasses fodder, bacon •■-. (factory), sides -.-73 d., - hams 1 Sd.y rolls BJd.;. butter* -bulk, Did.; to- 10d.; Poultry: Hons,. 35.; ducks, 4s. to , ss. j turkeys, gobblers lis. to 125., liens ;os. to 10s.; fresh .'.ls'. ~.3d.i ,-to.-. Is. -.■.v ; 4d..;...-.cheßseI<A1 < A lid; :to Gid. per . lb., loaf 7d.. to 71d. - per lb.; Akaroa machine-dressed'- cocksfoot 7jd, to. Bd., farmers' dressed s<l. to: Cd.-. per lb ryegrass, - 3s:- 3d. 'to 4s. Gdi per bushel; Italian ussim 3s. Gd, to 0d ( -basklj .stlutts clgvex.,

70s. to 755: "cwt.; red r,lover,. Gss. cwt.; coiv grass, Gss. cwt.; alsilio, 82s,' Gtl.l cwt. ;'. mustard, ■■'40s. cwt.; trefoil, 375. Gil. cv/t,; rapo seed, 'JGs. owt.;- timothy,. 325. -Gd. -owt.; tjwedo and turnip seed, civt.r. , HIGH COMMISSIONER'S CABLE. ' The Department' of ludustries and Commerce has received tho following cable from the High Commissioner,'' dated' London, August 7:— Tliore is a dull sale for all qualities of-mut-ton'; except prime light weighty which is vory scarce. ' Stocks, of mutton on hand are heavy. North Island aiul River Plate mutton are selling at the same, price! There is little'chance of uny advance; 1 Canterbury is quoted at 2Jd. -per .lb., and .-North' Island 2Jd. Tho lamb market is very weak, although there is a good. demand: for prime quality. Low prices for lamb arc\ increasing the output Canterbury is quoted at 3£d. per, lb. j North' Island, at 3Jd. per lb. . • '.The : beef market is firmer, and tliore is a better demand. New Zealand -hinds are quoted at 3jd., and fores at 2Jd. per. lb. ' The butter market is quiet, but firm for best quality. New. Zealand butter, 108s. ner cwt. (nominal); Danish, 1135.; Siberian, ,100s. . The cheese market is,, quiet;, but steady, and there is a general and active demand, for New Zealand at GOs. > ' The hemp market remains' firm; 'on .account; of offerings being .very "small .from .New' Zealand.* New Zealand good fair grade,-on spot,;per ton, £25 (nominal);,., New .Zealand . .fair grade, on spot, -per . ton, J24 (nominal). >' Fair current Manila, on spot,' per '.ton, 'Jtii 10s.;'.July-Sep-tember shipments.'; New- Zealand/ good fair,' per ton, .. £2i.105.; New' Zealand fair ' grade, per ton, ,£23 10s:; fair current: Manila,-,£24 per ton. Manila output, 25,000 bales. The wool market has advanced.- . , '...Kauri Gum.—Ordinary fair to three-quarter scraped, 1655.;, fair ..lialf-scrapcd,; 1055.; fair half to three-quarter scraped, 905.; - pickings, common to Rood, 405.; bush fair to good pale and amber, scraped; UOs. '"V . . . : WHEAT MARKET. , ,'.

.VER7 DEPRESSED. , v .(By Tclceraph.-lTcss Association.-Copy rlcht.! London, August 8. ' -The, wheat markets are. very depressed, owing to' the -; fine warm weather : and the. pressure to 1 sell grain; There is no,demand for cargoes. Australian cargoes afloat are'quoted at 335. to 335. tjd., per quarter;'Ne'ff', Zealand steamer,' afloat, d2s.- 6d: COLONIAL AND OTHER PRODUCE. (By TolcEraph.—l'rcss Association.—bopyrlchtj' . : '■' , ■ London,. August 8. Hemp.—Firm.!;. October-December : shipment, 15s. per ton. . . ... '■ : ; " ..Kauri stock. 315 cases. V''. • Rabbits, 'quiet; priccs unchanged. .' i Copra —Batter inquiry,. arid . fair business. South',-Sea; in bu1k,:.420.105\ THE METAL MARKETS ; (By lclcsrapl].—Press . , London, August s. ; , Copper.—On the "spot, .£53 9d. : per : ton;; three months,'iEs9'Gs. 3d.; electrolytic, ,j£6o. . . Tin —Spot; 132 j lss.' per tori ;■ three months,' .£134: •, ■ Lead, 10?.; per ton.., : ''' 7 '. v ■ , Antimony, £S. '--J : ■ ■ MINING SHARES . (By Tolcgraph.—l'rosa . Assnelallun.-OopyrlcMl : ; • ■ London, August 8. Wiiilu: shares, buyers M Gs. 3d., sellers .£0 !s: 9d. '