COMMERCIAL.

New Zealand Herald, Volume XXXI, Issue 9610, 7 September 1894, Page 4

COMMERCIAL.

New Zealand Herald Office, Thursday evening. The market has shown no improvement during the past Week. There is no business doing in Bank of New Zealands. National, site inquired for at 17s, with sellers at 19s Colonials are wanted at 19s. New Zealand Insurance remain at last quotation. South British continue to advance in value, sales having been effected.at 40s; buyers are now offering 39a, with sellers at 40s. Nationals are wanted at 17s. Auckland Gas are in demand at £10 7s 6d; sellers at £10 10s. There is a demand for Accident Insurance, but holders will not accept less than lis 3d. The City of Auckland 5 per cent, loan for £11,900 has been successfully floated by the National Bank, it having been subscribed fourfold, and realised an average of £104. Devonport Waterworks 5£ per cent, debeni tures nave been sold at £104. There has I been little doing in mining. Alburnias are ; easier; Cambrias are wanted at 4d: and May Queens at Is lid ; sellers, 2s 3d. Waihis E have been sold at 345, and are still in demand at this (quotation. Golden Cross have been sold at 10s. Try Flukes are wanted at 2s 6d. There is little doing in other mining stocks. The business of the week has been retarded by the exceptional bad weather, but there has been nevertheless a. lot of trade distribution, and some little movement in wholesale business. The situation, however, is that although there is the usual fillip at the commencement of the month, there is a complete absence of that life in demand that comes from a confidence in the future. By .general consent, a waiting policy is agreed upon by all classes that are in doubt a3 to the effect of so much meddlesome, and so touch risky legislation. We are paying for our privileges of self-government, and for the advanced ideas of so-called progress. It is like Dutch promotion. . The week's business has gravitated a good ; deal on tea, rice, and jute goods, and the idea that all these are rising lines has stimulated enquiry, and the holders are content to quit, even in the face of an upward movement. The syßtein*of holding on for the last squeeze has been proved so often to be a risky thing that unloading at -a profit is the general practice regardless of market tendencies. The rise in silver has affected. Broken Hill shares, which have also received a lift through the demand for , lead. It may be a matter of solace to shareholders that the " yellow agony " is decreased by the utilisation of the mineral wealth of Australia, and shipowners are curiously indifferent to the purposes of the frieght to Shanghai or Yokohama. - War'is regarded by the mercantile section in its commercial aspect, and sentimentalism ' takes ho part in the calculations. The English are, as Napoleon said, a "nation of shop-keepers," and if there is a war between Japan and China over Corea, the phlegmatic Briton sells to each nation according to price paid, and is equally ready to lend money to both combatants, according to security and rate of interest. The calm philosophy of indifferentism is a remarkable national characteristic when other countries are only interested." The advance in silver will be determined by the length of the war, and the disposition Of the United States Treasury to sell the vast stores of that metal— legacy of' the Sherman Silver Bill. But here the commercial effect is very limited, and confined to Eastern goods. • The import market is without movement. A scarcity is remedied Within a week by imports from contiguous markets where there is, as a rule, an abundancy. The determination to make sales by several holders upsets what would otherwise be a steady market for many every-day requisites. Hudson's Extract is iicaice, importers having largely stopped supplies on thechange of quality. , i- Nestle's milk continues scarce, and there is very little Milkmaid offering. Currants are certainly a point better, but there are differences in quality* and no press report is. useful to those who are content with any quality fruit. - th our summary columns we have reviewed ths mouth's trade.

Maize has arrived freely, but just as freely quitted at from Is lid to 2s. There hare been inquiries from Wellingtona new out* let for this cereal* ' •! S V ' - Oats are quiet at Is B£a to Is 9d. Potatoes are firmer. The bad weather in the South. is reducing delivery to shippibjf ports, leaving the Ideal market very bare. _ Cheese continues firm. The demand. is running more largely on the better descriptions. •

I Onions are very scarce. . Seed oats ana seed potatoes, as well as every description of fertilisers, are in good demand, and this has largely relieved the prevailing dullness. . , Milling wheat: Southern grain merchants, millers, and speculators continue their waiting attitude. Should our Government increase the duty upon imported wheat, they are quite ready to reap the full advantage of it, and the bread-eaters would soon be forced to pay more for their loaf. 1< owl wheat is scarce. . .. -.-.-v. Seed Wheat is selling frfefelV, Bran and sharps are plentiful. , Flour : The large arrivals, from the South have meantime had a tendency to check bales bf local make. < ■ In the local produce market the prices remain unchanged. Butter is in pretty brisk demand, and best quality Is slightly defi 4 cient, while frggs are plentiful, but the price is causing a large consumption. . The prices are : Bests dairy fresh butter is lOd, second quality 7d, and third quality 6d pet- lb WholeSale. Eggs are 6d pet- dozen wholesale, arid 8d per dozen retail. i" f. . ;• ; KAURI gum Market. The following is the report of the „■ gum market and tilling quotations* ha furnished to us by the committee of gum merchants Poor ordinary ... ... £24 - .. Fair ordinary ... ... £28 Good ordinary £36 East Coast ... ... ... £53 to £55 Parcels of superior Ordinary Cftrnrtifthd higher prices, according to quality and degree bf cleaning. Supplies from Ist iinst. to date, 34 tons. The market is quiet, and not much demand.

LONDON. Press Association.—illectric Telegraph.—Copyright. London, September 5. The total quantity of wheat and flour afloat for the United Kingdom is 2,480,000 quarter*, and for the Continent 1,270,000 quarters. A Victorian wheat cargo ex barque Klnderdljlk sold at 235. , The American visible supply of wheat is 79,800,000 bushels. Antimony is quoted at £32 per toil. .

AUCKLAND STOCK AND MINING ASSOCIATION.

Business Done.—Colonial Bank, 193 Cd; May Queen, 2s. Buyers.— Bank, IDs; National Insurance, 17s; South British Insurance, 89s; New Zealand Accident Insurance, IDs Art; Auckland Gas, old, £1" 7s Oil; Gisborne Gas, -28s (id; Union Oil, lis 3d; Cambria, 4d; May Queen, Is lOd; New Moanateiari, 23 7d ; Victoria, 3d; Walhi, 355; Try Fluke, 2 (id. Selujus.—New Zealand Insurance, 60s; South British Insurance, 40 ; New Zealand Accident Insurance, lis 3d ; New Zealand l.oan and Mercantile Agency, preference, 50s; Auckland Gas, old, £10 10s; Thames Gas, 225; New ZeaHnd Shipping, 07s fid; Northern Steamship, 4*; Taupiri OoiU, 15s; New Alburnia, Is 8d ; Cambria, 6(1; llazelbank, 9d; May ; Queen, as 3d; New Moanntaiari, 3s; Victoria, 4(1; Hilrerton, is 3d; Woodstock, 3s 9(1; Golden Cross, lis; Kapai-Vermont,9d; Try Fluke, 2s 9d. E. loutkr, Chairman. 4 p.m., Thursday, September 6,1894. CALL AND DIVIDEND LlfiT. calls : £ *. a. k Date. Norfolk G.M.Co. - -001.. Sept. 5 Orlando G.M. Co. ... 0.0 2 « Sent. 12 Kapal-Vermorit G.M.Co. (B - ' „ shares).. .... .. 0.0 2 ~ Sept. 12 Grace Darling G.M.Co. .. 0 0 3 .. Sept. 17 May Queen G.M.Co .., — 0 0 3 .. Sept. 24 DIVIDENDS : Standard Fire and Marine Insurance Co. .. — Now. Waihi G.M.Co. ..... „ 0 1,0 .. Sept. 29

No. of xi Paid r, K fc Company. Shares 3 up par al , Date. Issued fl Share. 8aXas '_ Banks— £. £ a. 11. a 8. d. N.Z., old .. 100,000 &1 6 6 0 — I — „ new .. 60,000 74 7 10 0 — I — National .. 100,000 7j 2 10 0 1 0 OAnjr. 8 Colonial .200,000 5 2 0 0 0 19 6 slept. 0 Union of Australia .. 60,000 75 25 0 0 — — I New S. Wales 100,000 20 20 0 0 — — Insurance— New Zealand 100,000 10 2 0 0 3 0 0 Aug,21 National ..198,115 10 0 10 0 0 17 2Aug.30 South British 64,623 19 1 0 0 1 19 0 Sept. 4 Standard .. 100,000 10 0 IB 0 — — N.Z. Accident -20,000 1 0 6 0 — — I l.OkS— N.Z. L. A M. .. 320,000 10 1 10 0 — — „ Rrefereuce 200,000 8J 3 10 0 — — . Nat'n'l Al.tfc A. 1110,001) lu l O U — — N.Z. &U.P. .. iOO.OOU 10 2 0 0 — - OAS— Auckland, old 15,500 8 5 0 010 10 0 Aug.27 „ new .. 18,74:1 6 2 1 0 0 5 3 6 Aug. 1 Thames .. 9.980 24 1 18 0 — — Uisborne .. 12,<»:n> l 1 " " i 6 9 Aug.20 { 1,500 10 0 0 Napler„ •< 500 10 5 0 0 — *— t 2,000 1 0 0 ( 10 0 0 Wellington i 15,000 10 6 0 i> — — I 10 0 Christch'rch I 16,000* 5 5 '» 0 — - onnstcn rcn { i6,(KK>! _ 2 10 0 J.yttelton .. ",000 5 5 0 0 — — Piilioerston N. 6,000 6 2 10 0 — — New Plymouth 2,000 5 3 17 6 — — Timber Kauri Timber 150,000 2 2 0 0 — — „ lien 460,001' 2 12 0 — — Shipping— Union S.S. .. 59,692 10 10 0 0 — — N.Z. Shipping 69,889 8 8 0 0 ■*- — DerouportS.F 10,000 1 1 0 0 — — Coromamlel S. 3,037 1 1 0 0 — — Northern S.S. 12,495 14/0 0 14 C — — „ new 104,289 M/« 0 7 (' — — Coal— bikurangi .. 30,000 J 0 6 6 — — Taupiri .. 24,000 1 II 111 b — —• TaupiriKes'rve 3,000 J 1 0 0 — — new 16,215 J 0 13 0 — — Westpoit Coal 69,3u6 4} 3 0 r — — Miscellank'ijs > N.Z. Drug .. 70,994 2 40/ &2»/ — — Auckl'ud Fibre 18,945 110 0 — — Northern Bool 15,62? 1 0 13 6 — — Union Oil .. 38,851' 1 0 14 0 0 11 9 Aug.20 Sliarland&Go. £0,000 1 0 12 0 — — Colonial Sugar 79,37 3 20 20 0 0 — — „ 2,480 20 10 0 0 — — GOI.DKlEI.DS— Thames. / New Alburnia 50,001' {019016 Aug.30 Calliope .. 60,000 J 0 0 7 — — Cambria. .. 44,700 1 0 5 9 — — North Star .. 45,000 1-5 0 17 — — N. Fearnought 50.000 J 0 1 1 — — Hazelbank .. 42,000 } 0 2 0 0 0 9 Aug. 17 St. Hippo, N.L. 05,000 1-6 0 1 4 — — City Ounediu 50,000 4 6/10} — — Junction .. 30,000 J 0 1 1 — «> Lone Hand .. 60,000 J 0 1 0 — — May Queen .. 79,000 I 0 1 11 0 2 0 Sept. 6 N. Moanataiari 50,000 4 0 5 0 0 2 6 Sept. 3 Norfolk .. 50,000 4 0 7 1 — — Orlando .. 40,000 4 0 1 9 0 0 4 Aiig.13 Victoria, N.L .. 120.000 J 0 2 1 0 0 4 Sept. 6 Waiotalii .. 0,000 3 2 10 0 — — Upper 1'hamet. Crown .. 80,000 1 t 0 (I — — . SUrerton .. 40,000 ( 0 2 301 6 Aug. 8 Waihi .. .. 150,000 l 1 0 0 1 14 0 Aug.30 Woodstock .. 55,000 { 0 ( 3 0 3 9 Aug. 13 (Jolden Cross.. 24,000 1 1 0 0 0 10 OAng.31 Grace Darling 60,000 J 0 5 3 0 0 2J Aug.29 Portsea .. 50,000 } 0 2 3 0 0 2 Aug.lC Kuaotum. Otaraa .. 40,000 1 0 0 .- — Try Fluke .. 50,000 i 0 0 f [D 2 7 Sept. 3 Kapai-Verra'nt 100,000 J - /»« 0 8 Aug.30 Debentures— , • ' Buyers. New Zealand Government i}% .. Par. — City of Auckland 5% .... — — Parnell Borough 6% .. .. .. 103 — j Deronport Waterworks 5fr% ; .. 104 —