COMMERCIAL.

Evening Star, Issue 15136, 18 March 1913, Page 6

COMMERCIAL.

Silver is quoted at 26 15-16 d per oz. CALTON HILL SECTIONS. A very successful sale of sections in the nev. subdivision of Calton Hill was conducted by Messrs John Reid and Sons last evening in the Early Settlers’ Hall. There was a large attendance of buyers, and bidding was spirited, with the result that nearly all of the sections offered were disposed of. Ihe following are the sections sold Allotment No. 1. £25: No. 2. £25No. 3, £25; No. 4, £25; No'. 5, £32 10s; Eo. 6, £3O; No. 7. £3O; No. 8, £32 10s; No. 9, £32 10s; No. 10. £32 10s; No. 11. £35; No. 12. £4O; No. 13, £4O: No. 14. £42 10s; No. 15, £57 10s; No. 16, £4O: No. 17, £4O; No. 18. £45; No. 19, £52 10s; No. 20, £SO; No. 21, £65; No. 22. £6O; No. 23, £80; No. 24, £SO; No. 25 £SO; No. 26, £55; No. 27, £SO; No. 28! £4O; No. 29, £4O; No. 35. £6O; No. 36, £SO; No. 37, £SO; No. 38, £52 10s; No 39, £SO; No. 40, £35. THE WOOL SALES. Press Association—By Telegraph—Copyright. LONDON, March 17. (Received March 18, at 10.5 a.m.) There was fair competition and some withdrawals, prices being barely maintained. NEW SOUTH WALES LOAN. Press Association—'By Telegraph— Copyright. . LONDON, March 17. The ‘ Daily Mail ’ says of the New South Wales loan debentures that none better are available to the trustee or more acceptable to general investors. The 1 Financial Times ’ says the bonds appeal to the hank and insurance companies, who have lately shown a growing preference for short-dated investments. The ‘Morning Post’ says that the loan is a good investment security for those requiring a specially short investment. SIDNEY, March 18. (Received March 18, at 9.25 a.m.) In reference to the loan the State Treasurer (Mr Cann) claims that they had done well, considering the state of the money market. New South Wales was offered ten millions at 4| per cent ~but rejected them. The State were able to get -as much money as they wanted in equal terms with other borrowing countries of high repute. PRODUCE PRICES. ROYAL AGRICULTURAL SHOW. Press Association—By Teleg.-aph—Copyright. SYDNEY, March 18. (Received March 18, at 10 a.m.) Butter has advanced 6s for all grades. Tasmanian redskin potatoes are £9 10s ; —an advance of £l. The Royal Agricultural Show opens today. in spite of the drought the entries are well up to the average, and in some sections there are records. During the year £42,000 has been spent on the erection of a pavilion and other improvements. H. V. HADDOCK, LTD. The second annual meeting of shareholders in H. V. Haddock, Limited, was held in the board room of the New Zealand Express Company on Friday afternoon, when a. fair number of shareholders attended. The directors present were Messrs J. London (chairman), Captain Suudstnun. and 11. V. Haddock, and apologies were received from Messrs W. H. Young and C. F. Greenslade. The chairman went fully into the accounts submitted, and said that after taking in all stocks at a safe figure and making provision for any known doubtful accounts there was a fair balance left to he dealt with. Hie directors’ recommendation that a dividend at the rate of 6 per cent, per annum he paid, and the balanced £327 8s 8d earned forward, was unanimously approved by the shareholders. On the motion of Mr" Washer a hearty vote of thanks was accorded to the directors and staff for their ..careful management during the year, and the chairman, in replying, said he thought that in face of the keen competition in the timber trade last year they had every reason to congratulate theciselvea on the result of the year's operations ; and they also had to thank the building trade generally for its generous support. The aim of the directors was to do a safe and profitable business, and they hoped next year to he in a, position to increase the dividend and to further strengthen the reserves of the company. The retiring directors, Messrs W. H. Young and C. F. Greenslade, were re-elected, and Mr I). H. Rogers was reelected to the position of auditor. HIGH COMMISSIONER'S GABLE. The High Commissioner cables, under date London, March 15, to the Department of Agriculture (quotations, unless otherwise specified, are average market prices on the spot) : Mutton.—The market is quiet, with a tendency in favor of buyers. Light weight extremely scarce. Quotations ; Canterbury, per lb ; North Island, 4d, Lamb.—Tbs market is weak and inactive, high prices restricting business in the market. Canterbury, 6jd ; other than Canterbury, sgd. Beef.—Market quiet, and no change in prices. New Zealand fores, 3jd; "New Zealand hinds, 3)<l. The butter market is quiet, but steady. Holders are firm for New Zealand choicest. New Zealand, 119s pier cwt salted, 121s unsalted: Australian, 110s; Argentine. 109s; Danish, 133/; Siberian, 110s. The cheese market is steady, and prices are well maintained. Average price for week for finest New Zealand cheese .is 61s 6d ; Canadian, 655. Hemp.—The market is irregular and without business. The demand is principally speculative. New Zealand good fair grade, £34 per ton ; fair grade, £3l; fair current Manila, £53; April-June shipment, New Zealand good fair, £34 10d • fair grade, £3l 10s; fair current Manila, £34 10s. The output from Manila for the week is 20.000 bales. Wool.—The market remains firm. The linseed market is steady, and holders are firm. . New Zealand," 5Ss, nominal. The cocksfoot market is quiet. There Is scarcely any. demand for ■ _