COMMERCIAL.

New Zealand Herald, Volume XXXVI, Issue 11151, 25 August 1899, Page 4

COMMERCIAL.

New Zealand Herald Office,

Thursday evening. The stock market continues quiet, with a small amount of business being clone. National Banks are very firm, anil buyers have advanced their price to £2 12s, and sellers demand £2 14s. Insurances are dull of sale. New Zealands sold at £3, and 'here an new sellers at £3 Is, with no declared buyers. South British sold at £2 lis, and buyers offer £2 13s fid, with sellers at £2 14s fid. Nationals are offered at 17s, buyers' prices being 16s 6d. There are sellers of New Zealand Accidents at £1 10s, with no declared buyers. In gas stock Aucklands (fully-paid) are offered at £13 lOs, with buyers at £13 4s. Contributing are offered at £10 ss, and there are buyers at £10. In shipping shares Northern Steams sold at 7s 6d, and there are now sellers at 7s Bd. Devonport Steam Ferrys sold at £1 18s, and there are sellers at £1 18s fid. In coals, Hikurangis are offered at 8s 3d. Taupiris sold at £1 0s 6d, and there are buyers at £1 Os 3d,, and sellers at £1 Is. Buyers offer £3 6s for Westnorts. Sellers of Sltarlands ask 12s, for Union Oils £1 Is 6d, and for Northern Boots 10s. For Lfeylanil and O'Briens £1 4s was offered, without any business resulting, and the market closes with buyers at £1 3s, with no declared sellers. New Zealand and River Plate Fold at £1 0s 6d and £1 0s 9d, and there are sellers at £1 0s 9d, and buyers at £1 0s 6d. The mining market has been dull and depressed, with very few transactions repotted. Stock in the Waihi district has been neglected. In Waitekauri stock there are sellers of Waitekauris at. £2 10s, and buyers at £2 4s Urace Darlings are offered at 2s Id, with buyers at Is lOd. Contributing shares sold at . a s c| . Alphas dropped to Is '9d, at which price sales were effected. In Karangahake stock Talismans sold at 13s 9d, hut closed with sellers at that price, with buyers at 13s ii i , wer Thames stock Moanataiaris sold at Is, and Kuranuis sold at 2d and 3d and there are sellers at 4d, and buyers ai p May Queens are offered at 6s 9d, with buyers at 6s In Coromandel stock Bunker's K.' d -n' „ 2s M ' 28 Sd ' »>"' 2s Id, closing wUh sellers at 2s Id and buyers 1, 11,1 FvTff ™- v ," of Royal Oaks at h,t J V m ' FrP f ho ds 15s M "'as offered hut no business resulted. Mount I,yell (Tas mama) sold at £11 12s 6(| '> c " "<*• Wholesale houses have been busy will, is Reported! " eW ,n ° nth and °° d business In shipping there has been a fair amount both of inward and outward business, the most noticeable arrival being the Pnpanui with large supplies of general goods. til hardware lines there has been a further advance 1,1 )- ire netting, last cables having reduced the discount by 25 per cent. This 2 W O LSenUfr Hst. cost of latulin g '° about cu per cent off list. Advices from Sydney quote tin as having again recovered after the slight lull, and being now firm at £142 pur ton. The bulk of our supplies are now drawn from this source, and only some of the finest quality is imported from English and Continental markets. di\ ™ ' )l! ' a Quoted at an advance of £13 10s per ton locally, owing to the shortage of supplies, and flax rope has been advanced £3 per ton in consequence of the excited sta.i of the flax market, caused by the speculative demand, which has arisen during the last week or two on account of the further complications between Ainerioa and the Philippines. It is difficult to say with any certainty if the extreme prices now being offered will be maintained, as if the coastal ports on the Philippines are opened, which they may be at any time, supplies will again come forward in considerable quantity, as stocks are fairly large, the only hindrance being the stoppage of shipping by America to prevent war supplies being landed for the insurgents. Kerosene remains firm at Inst quotations, and cornsacks are shorter than ever, pending the arrival of the Umta at the end of the week.

Bell's vestas have advanced Is per gross all round, and supplies are coining to hand very slowly, as the Wellington factory cannot keep pace with the demand. Sago and tapioca are unchanged, and rice is somewhat weaker, though good sales are reported. London advices of the 14th nit. advise the currant market in Patras as steady, and the crop doing well. Two direct steamers are advised as on the berth for Australia. The reports of the sultana crop now coming to hand, advise that though larger than last year the crop will be below an average. The same advices apply to elemes and figs. The maize market iB steady at 2s 3d for prime, and fair supplies have come to hand, though llot sufficient to meet with the Australian demand, which is still maintained, though the tone of the market there is not quite so firm as last week, owing to American quotations having been received for September at 2s 3£d to 2s 4£d c.i.f. Sydney, and more favourable reports coming to hand from the country districts. Wheat shows almost no change on last week, and the same remark applies to flour. Bran and pollard are somewhat easier in price, owing to the falling-off of the Australian demand, where the spring weather is bringing on green feed very rapidly. Oats are quiet at last quotations, and the market is well supplied. Considerable shipments have been made from Southern ports jo Sydney and Loudon, and some inquiry is now being experienced from Melbourne. Onions have fallen to from £3 to £3 10s for ordinary, and prime are almost unprocurable.

Potatoes stand at £2 to £2 5s for good table Varieties, and the market is well supplied. In seed business, there has been a little more doing, as formers are now putting in their spring sowings. Manure? are also moving off a little more freely. The Agricultural Department has detained several lines of bonedust Tecently landed from Australia, on account of some doubt as to their having been subjected to the required temperature of 250 degrees Fahrenheit, or a steam pressure of 301b indicated for at least two hours. Steps are being taken to prove the position in the interests of the farming community. ° Preserved meats are very firm, and good demand is being experienced by packets, both for local and export trade, more especially for the Islands, which generally draw a large quantity of their supplies from Australia, but this season are finding that prices there ate mtioh higher in consequence of the great scarcity of live stock. Latest Sydney advices show that cattle ore fully £1 per head higher, and sheep from lis 6d to 2s per head higher than ten days ago. This advance, coupled with the increased cost of tin plates, has materially/ increased the cost of production, and compelled packers to raise their prices. * '• In the local produce market, the price of eggs has ' again declined. At present the prices are:—Farmers' butter Bd, and second quality 5d lb wholesale. Eggs aro 6d dozen wholesale,.'and 8d dozen retail. / ' . / -i vi

( kAMi Gtjii itdiKEf. H _ The following are our quotations of .tatiri gum for the week ending August. 23, 1899.:— White gum Washed nuts, t . £32 ana __upwarils; ordinary, .£45 arid upwards; good ordinary (unpicked), • £50 and. upwards; superior ordinary, £60.and, upward; pale: sound, raped, £77. and upwards^ _ .East Coast (good .quality)) £74 to £75,;, jescraped; good, and free from,swamp,, ®113,, ana upwards. Black gum: Niits; £10 to £12; medium, £15 ip £22; superior, £44 to £45 Arrivals for 23 days of August, . 570 tons, The market remains quiet,, arid business Hi? been somewhat limited during the past week.

LONDON. By Telegraph.—Press Association—Copyright. Loxbos, August .22, AT the. tallow sales 190Q casks .were. Offered and 625 sold. Prices of all kinds are unchanged.

frozen meat. [BY telegraph.—press ASSOCIATION'.] Napier, Thursday.. Nelson Brothers have received the following cable from the Colonial Consignment and Distributing Company, , London:—"Frozen meat market is ..still depressed. , There has been a further fall in, prices. Best Canterbury, 3jd; Dynedin, Southland,, 3d; Napier and North Island* 2|d: lamb, first quality, 4Jd; second, 4{d,

AUCKLAND STOCK EXCHANGE. BUSINESS DONE.— Zealiifitl ifaSur4n.ee, 60s; New Zealand and River Plate, 206 6d, 20s 9d; Devonport Steata Perry, 38s; Alpha: Is 9(1.

BUYEES.-National Bank, 525; N^tion ( Insurance, 16s 6d; South Bvjtlsli Insurance, ,53s 6d; New Zealand arid River Plate,. 20s 6(1; Auckland Gas, old, £13 4s; Anckliirid.£la9, new (£3 10s), £10;. Taupixi , Coal .Mines (Limited), 20s 3d; Westport Coal, .669J LeylapdO'Brien Co. (Limited), ,235; Grace Darling, paid up, Is lOd; Imperial, 3jd; Kpmitta JteefS, 2s 6d; New Zealand Talisman. 13s 4d; Oliinemuri, 2!d; Waihi Extended, 6id;, Waihi South, sd; Waitekattri, <4s; Ktlrantli, 21a; May Queen Hauraki, 6s; Victoria, , 6d; writer's Hill, old .issue,, Is lid; .Banker's ill, new, issue, lOd; Fonr-in-Hand, 2s. 6(1.; Hauraki New. Zealand Associated Gold Mines; 4(1; Royal Oak of Hanraki, lid. SELtCRS.-National Bank, . 545; .New Zealand Insurance, 61s; National Insurance, 17s: South British Insurance, 54s 6d; New Zealand Accident Insurance, 30s; NeW Zealand and River Plate, 20s 9d; Auckland Gas, old, £13 10s; Auckland Gas, new (£3 10s), £10 ss; Northern Steamship, 7s 8(1; Devonport Steaui Ferry, 38s 6d: Ilikurangi Coal, 8s 3d; Taupiri Coal Mines (Limited), 21s; Sharland and Co., 12s: Northern Boot. 103; Union Oil, 21s 6(1; Alpha. 2s; . Crown, 13s; Ethel Reef, 6d; Grace Darling, paid up, 2s Id; Grace Darling, contributing, 9d; Imperial, sd; Komata Reefs, 3s Id; New Zealand Talisman, 13s 9cl; Qhinemni'i, 5(1; Ohinenmri Syndicate, 4s; Rising Sun. 3d: Waihi, £8 2s 6d: Waihl Extended, 8d; Waihi South, 8(1; Waitekauri, 50s; Woodstock. 8s; City 'of Auckland, 6d; Kuranui. 4d; Kuranui-Caledonian, Is 2d: Maliaru Royal, 2s 3d: May Queen Hauraki, 6s 9(1; May Queen Extended, 3d; Moanataiari, Is 6(1; Monowai, Is 3d; New Alburnia, Is Id: New Wliau, 2d: Tararu Creek, Is; Victoria, 9(1; Bunker's Hill. old. issue. 2s li 1 • Bunker's Hill, new issue, is Id; Fotir-in-Hand, 3s; Ilnuraki New Zealand Associated Gold Mines, 6(1; Harbour View, 3d; Now Golconda, 2d; Progress-Castle Rock, 6d; Roval Oak pf Hauraki. Is 3d; Welcome Find, 6d; Zealandla. 3d: Great Barrier Gold and Sliver, Is 6d; Whangamata Gold Corporation, 6s 9d. J. M. LENNOX. Chairman. 3.15 p.m., August 24. 1899. CALL AND DIVIDEND LIST. cams : Made. £ s. d. Due. Barrier IteeN .. Aug. 15 .. I' 0 3 .. Sept. 8 Alpha ... ... .. Aue.lS .. oiiß .. Sept. 13 Waihi Silver ton .. Aug. 24 .. 0 5 0.. Sept. 15 I'IVIIIF.M)S : .. , .I Is ordinary and fully paid-up I slia.es [Now U, L '• (.lid piirtly paid nfew shafts I , Wail.l ..... .. 02 I) ..Sept. 1