COMMERCIAL.

New Zealand Herald, Volume XXXII, Issue 9816, 10 May 1895, Page 4

COMMERCIAL.

New Zealand Herald Office, Thursday evening. On the Stock Exchange during the past week business has been quiet in investment stocks while the mining market has been brisk. There have been sales of National Bank at £1 Is. Colonial Bank are offering at £1 0s 6d. New Zealand Insurance have sold at £3 83 6d, and there are now sellers at £3 10s, with buyers at £3 Bs. South British are offering at £2 9s 6d. Sales of National are reported at 19s, and there are buyers at 18s 6d, cum div. There are sellers of Standard at 17s 6d. Accident Insurance are offering at 15s 6d. Auckland Gas have sold at £1115s for old, and £5 18s for new, and there are buyers at £11 15s. Buyers of Gisborne Gas offer £1 10s 6d. Union Oil have sold at 13s 6d and 14s, and there are buyers at 13s 6d. There are sellers of New Zealand Drug at 19s 6d. The mining market has been active, and heavy business is reported in all classes of stock. Waihis have been enquired for, but there are no sellers. Silvertons are offering at lis 6d ex div. Numerous transactions are reported in Woodstock at £1 6s, to £ls 6s 6d, to £1 5s 6d to £1 6s ; the market closing with sellers at £1 5s 6d. Talismans have been quiet, sales taking place at 7s 3d and 7s 4d, and there are sellers at7s 6d, buyers 7s. Sales of New Bonanzas are reported from Is 6d to Is Bd, and there are sellers at Is 9d, buyers Is 6d. There has been an enquiry for Crowns, and £1 was offered, but there are no sellers. Imperials have sold at 6d and 7d. Golden Cross have sold from £1 15s 6d to £1 17a, and the market closes with buyers at £1 15s 9d, sellers £117s 6d. A heavy business has been done in Alphas from Is 5a to 2s 7d, and there are sellers at 2s 6d. Grace Darlings sold* from 6d to lOd, and there are now sellers at 6d. In Thames proper Alburnias sold from 3s to 2s lOci, and there are buyers at the latter price, with sellers at 3s 2d. Cambriaa have sold at Is and lOd, and there are sellers at Is 3d, buyers 9d. Numerous transactions are reported in Hazelbanks from Is 9d to 3s 2d to 2s 6d to 2s 9d. There has also

been a large business in May Queens, sales being reported from 5s 2d to 7a to 6s Id to 6s sd, the market closing sellers 6s 6d. New Moanataiaris have sold from 3s 9d to 5s to 3s lid to 4s 3d; there are buyers at 4s, sellers 4s 4d. Sales of Victorias are reported from 5d to 9d to 7d, and there are buyers at the latter price, with sellers at 8(1. The market for Waiomo stock is weak. Monowais have sold at 4s 6d and 4s 9d, aud there are sellers at 4s 6<L There are sellers of Broken Hill at 3d. Sales have been reported of Sheridan (Tapu) at 8d to 6d, and there are sellers at 7d. Try Fluke's (Kuaotunu) have sold from Is 9d to 2s, and 'there are sellers at 2s. Kapai-Vermonts have sold at 2s sd, sellers 2s 6d. There is nothing fresh about the general state of business. It continues satisfactory as a rule. Demand keeps up, but the sanguine anticipations of a big development are a little early. It takes time to seethe trade effect of the mining revival, and the work of English capitalists on the Thames peninsula. The proof of auriferous wealth ib so pronounced that nobody doubts that we are on the eve of an era of prosperity, but while all this is very satisfactory, the weekly alterations in commercial phases are unimportant.

Although there is so far no bank alteration in rate of exchange on London, it is generally thought that the flotation of the million and a-half loan, as well as the stream of English money for investment in mining and otherwise, must bring about a re-adjustment of the exchange rates. The market report is unaltered. Colman'B starch continues a difficult if not impossible line to get hold of. Candles are in strong request, especially the imported brands. Quicksilver is wanted. There is an increasing inquiry for explosives, duo to the greater prosecution of mining work. Usher's special reserve whisky is scarce. In liqueurs Benedictine is taking a front rank in the market call. We clip from the Melbourne Australasian Review of 29th April the report re kerosene, whichconfirms our references for weeks past: —" Che market for kerosene has taken successive leaps, until its present price is such that a month ago it would have been thought impossible. A combination or ring has been formed between the American and Russian controllers of the trade, the result of which hos been that the price has been raised until the laid down cost in Melbourne at present rate would equal ll£d per gallon. For immediate business the quotation is from to Is, but no considerable parcels are quitted at anything less than Is. The Auckland market is as a rule the lowest-prices market in the colonies, simply because of its control of kauri gum, which means that for the New York trade kerosene is exchanged for gum, and it suits the American operators to provide tonnage from Auckland by loading oil as the chief cargo, and save exchange. During the week kerosene has been keenly sought after, with, however, the little rebellious nature to subscribe to the inevitPtble."

The American advices about turpentine reI The American advices about turpentine report a heavy rise in price. The cable advice that the butter stocks of colonial are practically cleared, shows a surprising absorption. Within a very short time the markets were in a state of glut. Perhaps this is really the best news of the week, but a recovery in price is doubtful, seeing the very large quantities afloat. In the grain division, maize has been the scarce line. We quote the market value at from 2s to 2s Id, for lots off wharf, with difficulty in filling buyers' requirements, even at a spring in the price. The Southern demand for this cereal keeps good. Oats are in sympathy with a greater firmness reported from the South, though it is impossible to make any figure alteration, but buyers cannot get their own road, like a week or two ago. Potatoes are very plentiful, with a small reduction in ex store price. Milling wheat; Considerable arrivals at Auckland mills ex (_)hau and Tarawera. Great excitement immediately followed the publication of the Government complete agricultural statistics for New Zealand, disclosing that there was a tremendous falling off this season in thequantity of wheat harvested, and that there was barely sufficient for our own requirements. The price rose at once, and for the first time for over three years the price of flour also went up ten shillings per ton. Fowl wheat is a penny per bushel dearer. Bran is scarce, although 5s per ton higher. Sharps are in good demand. Flour Heavy sales and deliveries. The price has advanced 10s per ton. In the local produce market the prices remain as follow: Best dairy fresh butter is Bd, second quality 6d, and third quality 5d per pound wholesale. Eggs arc Is fid per dozen wholesale, and Is 9d per dozen retail. KAURI GUM MARKET. The following are the quotations for the kauri gum market for the past week Poor Ordinary, which comprises weak and rough-coated pieces, pickings, washed nuts, and poor darks, £28 to £34. Ordinary, meaning hard rough - scraped gum, varying in price according to the quantity of washed nuts, ranges from £35 to £40. Superior ordinary, meaning hard, unpicked range gum, price varying according to size, scraping, and freedom from weak pieces, from £45 and upwards. East Coast, £68 (nominal). The market is weaker, especially for poor ordinary and ordinary, also for dark gum. East Coast is without demand just at the moment, and price must be considered nominal, as no one seems prepared to sell for less. COLONIAL SCRIP. Press Association.—Electric Telegraph.—Copyright. London, May 8. Queensland and New Zealand scrip is quoted at per cent, premium, and West Australian at 4J. LONDON. Press Association.—Electric Telegraph.—Copyright. London, ay 8. The total quantity of wheat and flour afloat for the United Kingdom is 3,640,000 quarters, and for the _ Continent 1,490,000 quarters. The American visible wheat supply is estimated at 76,300,000 bushels. The wheat market is weaker, and prices have declined 3d to 6d. Silver, 2s GJd. WOOL. Press Association.—Klectric Telegraph.— London, May 8. At the woo! sales yesterday German and American representatives were operating largely in good combings. Later. At the wool sales a good selection was offered. Prices are very firm, and continental buyers are making heavy purchases. AUCKLAND STOCK AND MINING ASSOCIATION.

Business Done.—Union Oil, Us; Cambria, Od, 10jd ; Hnzolbank, 2s Bd, 2s lOd. 2s Bd, 2s lOd, 2s 8d; New Moanataiari, 4s 2d, 4s 8d; Victoria, 7d, 8d ; New Whan, 9d; Golden Cross, 80s Od; New Bonanza, Is Bd, Is Od ; Alpha, 2s 6d ; Venus, 4d.

Buyers.—Auckland Gas, old, £11 15s; Gisborne Gas, 31s; Devor.port Steam Ferry, 365; Union Oil, 13s 6d; New Alburnia, 2s lOd; Cambria, 9d ; Hazel bank, 2s 7d; Mav Queen 6s; New Moanataiari, 4s; Victoria. Od ; New Whnu, 8d; Sheridan, Dd; Talisman, 7s; Waverley, 4d; New Bonanza, ls6d; United, 6d; Owharoa, Is 2d; Vermont, 2s Id; Venus, 3£d. Sem.eks.—Colonial Bank, 20s Cd ; New Zealand Insurance, 70s; houth British Insurance, 40h 6d; New Zealand Accident, 16s fid ; New Zealand Drug, £1 shares, IDs 6d ; New Alburnia, 3s 2d ; Cambria, Is 3d ; Hazelbank, 2s lOd: May Queen, 6s 6d ; New Moruiataiari, 4s 4d ; Norfolk, Is 3d ; Orlando, 3d; Victoria, 8d ; City of Danedin. lOd ; New Whau, lOd; Broken Hill, 3d ; Monowai, 4s <»1 ; Comstock. sd; Sheridan, 7d ; Royal. 6d; Golden Hill, Is ; Golden Treasure, Od; Silverton, lis 6d; Woodstock, 25s fld golden Cross, 37s fid ; Grace Darling, 4jd; 'J'alismaW, 7s fld ; Waverley. Oil; New Bonanza, Is 8(1; Marmion, o|d; United, 7d ; Alpha, 2s 6d : Imperial, 7d ; Iv.mhoe, 4d; Victor, ind ; Red Gauntlet, Oil; Kapai-Vermont, 2s Od; Try Fluke, 2s. Samuel Viekers James Reid J. Friar Clatke R. G. Macky R. Prater G. F. Brimblecombs J). B. McDonald James Prater Ailkeu Carrick R. Thome George Francis Hull G. A. Buttle R. Spiutt fiiiarles Alexander J. M. Lennox, Chairman. 4 p.m., Thursday, May ft, 1595. .CALL AND DIVIDEND LIST. CALLS : £ *. I'. Date. Grace Darling G.M.Co, ...0 0 3.. Play 10 Portsea G.M.Co. ... _ 0 0 0J .. May 10 Cambria G.M.Co 0 0 3 .. May 15 Waitaia G.M.Co. .. ..001.. May 21 Victor G.M.Co. .. ..001.. June 12 Imperial G.M.Co. _ „ 0 0 1 „ June 12 DIVIDENDS : Waiotahi G.M.Co 0 2 0 ... Now Union Oil, Soap, and Candle Co „ .. 0 0 6 .. Now Manukau Timber Co. .. 0 6 8 .. Now Silverton G.M.Co. .. — 0 2 3 .. Now

No. of £ Paid r fc Company Shares « per p'. Date. Issued v Share. &ales Banks— £ £ *. «f.i £ a. <1.1 N.Z., old .. 100,001.) 5} 5 5 0 — I — „ new .. 50,000 7 } 7 in (i — I — National .. 100,000 7j 2 10 0 1 1 0 May 7 Colonial .. -200,000 5 2 0 0 1 0 0|Apr. 22 Union of Aus- ■ tralia .. 60,000 75 25 0 0 — — New S. Wales 100,000 20 20 0 0 — — INSURANCE— New Zealand 100,000 10 2 0 0 3 8 C May 8 National ..198,115 10 0 10 0 0 19 3 Apr. 29 South British 64,628 19 l 0 0 2 10 3 Apr. 19 Standard ..100,000 10 0 15 0 18/2 c.d. Feb. 21 N.Z. Accident '20,000 1 0 6 0 0 12 0 Feb. & f.OAN— N.Z. L. AM. .. 320,000 10 1 10 0 - - „ Preference 200.000 3) 3 10 0 — — Nat'n'l M.&A. 100,000 10 i 0 0 — — N.Z. it U.F. ..200,001) 10 2 0 0 0 5 0 Mar. 5 Gas— Auckland, old 15,500 5 5 0 (111 15 0 Apr. 29 ,, new .. 13,743 5 2 10 0 5 18 0 May 8 Thames .. 9,980 24 118 0 1 0 3 Apr. 9 Qisborne .. 12,0011 1 1 n 0 1 10 6 Feb. 20 ( 1,500 10 0 0 Napier.. < 600 10 5 0 0 — — I 2,000 100 ( 10 0 0 Wellington ■( 15,000 10 5 0 0 — — I 10 0 Christch'rch ( 18,100 5 5 0 0 — — rcu j lfi ()00 „ 2 10 0 I.yttelton .. 2,000 6500 — — Palmerston N. 6,000 6 2 10 0 — — New Plymouth 2,000 6 3 17 6 — — I IMBEJl— Kauri Timber 150,000 2 2 0 0 — — „ new 450,010 2J2P — — Shipping— Union S.S. .. 69,692 10 10 0 0 — — N.Z. Shipping 69,081) 8 3 0 0 3 0 6 Apr. 3 DeronportS.F. 10,000 1 1 0 0 — — Cororaandel S. 3,037 1 1 0 0 — — Northern S.S. 12,495 14/0 0 14 c 0 4 1 Apr. 18 „ new 104,289 14/1) 0 7 p — — Coal— Bikurangi .. 30,000 i 0 7 6 — — Taupiri .. 24,000 1 0 10 Old 0 Mar.27 TaupiriRes'iTe 3,000 4 I 0 0 — — „ new 10,215 4 0 13 0 — Westpoit Coal 69,306 4) 3 0 0 — — Misceli.ank'iis N.Z. Drug .. 70,994 1 40l &WI 0 19 6 Apr. 5 „ „ — _ 1 18 6 Feb. 28 Auckl'nd Fibre 18,945 1 1 0 0 — — Northern Bool 12,62V 1 0 13 <i — — Union Oil .. 36,850 1 0 14 0 0 14 0 May 9 Kharland ft Co. 50,000 1 0 12 0 — — Colonial Sugar 79,373 20 20 0 0 23 10 0 Fob. 15 „ „ 2,480 20 10 0 0 — — GOLIIFIKI.DS— Thames. Ndw Albitrnla 50,000 J 0 2 0 0 2 10 May 7 Cambria .. 44,700 1 0 5 9 lOjd May 9 North Star .. 45,000 1-5 0 1 7 — N. Fearnought 50,000 4 0 1 1 — — Hazelbank .. 42,000 } 0 2 9 0 2 8 May 9 City Dnnediu 50,000 4 0 6 01 0 1 0 May 4 Lone Hand .. 60,000 5 0 1 0 — — May Queen .. 79,000 j 0 111 0 6 6 May 8 N. Moanataiari 50,000 1 0 5 0 0 4 3 May 9 Norfolk . 50,000 J 0 7 3 0 1 3' May 6, Orlando .. 40,000 10 19 0 0 4 May 3 Victoria, N.I. .. 120,000 J 0 2 3 0 0 8|May 9 Waiotahl .. 6,000 8 2 10 0 - — Moncwai .. 60,000 } 0 1 0 0 4 9,May 6 Broken Hill.. — — — 0 0 3|Apr. 18 New Whan,N.L. 50,000 3/ _ 0 0 9 May 9 RedGa'ntl't.NL 60,000 2/ _ 0 0 3* Apr. 11 Sheridan, N.L. 60,000 3/ 0 1 0 0 0 flj May 7 Koval .. .. 50,000 J — — — Golden Hill.NL 50,000 3/ 0 0 6 — — Upper Thame*. Crown .. 80,000 1 l 0 (1 0 14 0Mar.fi Siberton .. 40,000 1 0 2 8 0 13 4 May 3 Waihi .. ..150,000 1 1 0 06/1/,exd Mar. 12 Woodstock .. 55,000 1 0 6 0 1 5 6 May 6 Golden Cross.. 24,000 1 1 0 0 1 10 0May9 Grace Darling 00,000 1 0 6 9 0 0 11 May 6 Portsea .. 60,000 1 0 2 14 — — Talisman .. 05,000. 0 1 1 0 7 4 May 6 Retreat .. 70,000 3/', — 0 0 2} Feb. 27 Warerley, N.L. 65,000 2/ — 0 0 5 Feb. 19 Comstock .. 60,000 31 _ 0 0 3iMar.27 Owharoa .. 75,000 J 0 0 2 0 2 3 Feb. 13 New Bonanza 65,000 J 0 1 2 0 1 9 May 9 Marmion .. 60,000 3/ — 0 0 6 May 8 United, N.L. .. 65,000 2/ — 0 0 6 May 3 WealthNations 70,000 4/ — 0 0 5} Mar.19 Imperial, N.V. 65,000 2/ — 0 0 6 May 7 Alpha, N.L .. 60,000 3/ — 0 2 6 May 9 Ivanhoe, N.L... 65,000 2/ — 0 0 4 May 4 Victor.. -. — — _ 0 1 0 Apr. 18 Kuaotunu. Otama .. 40,000 1 0 0 8 . — — Try Fluke .. 50,000 } 0 0 6 0 1 11 May 8 Kapai-Verm'nt 100,000 J — 0 2 6 May 8 Venus.. .. 00,000 21 — 0 0 4May9 Debentures— ~ Buyers. New Zealand Government 4J% .. — — City of Auckland 6% .. .. 106 — Parnell Borough 6% .. .. . 107* — Devonport Waterworks 6}% .. 107 4 —