COMMERCIAL.

New Zealand Herald, Volume XLI, Issue 12555, 22 April 1904, Page 3

COMMERCIAL.

New Zealand Herald Office. Thursday evening. The Stock Exchange last week gave signs of more business being done and numerous transactions in one or two stocks are recorded. Investment stock show a rather better inquiry. Bank of New Zealands are offered at £4- 15s, but buyers do not quote. Insurances have again been in fair demand, and New Zealand sold at £4 lis and £4 lis 6d, closing with sellers at £4 12s and buyers at £4 10s 6d. South British have been in good request, and sold at £6 9s and £6 8s 6d, and close with sellers at £6 9s. Nationals arc wanted at £1 2s, with sellers at £1 3s. There are buyers' of New Zealand Accidents at £3, with no declared sellers. Mew Zealand and Rive. Plato Land Mortgage sold at £1 4s 6d and £1 ss, and there are sellers at £1 ss, and buyers at £1 4s. In coals, Hikurangis are wanted at lis 4d. There are sellers of Tauplris at 18s 9d. In gas, sellers of Auckland ask £14. In shipping, there are buyers of Northern Steam, paid up. at 16s Bd, and of contributing at 7s Bd, and there are sellers at 17s and Bs, respectively. There are buyers of Devonport Steam Ferry at £1 15s 9d. In timber, there are sellers of Kauri Company, contributing, at 3s lid, and of Mitchelsons at 15s. Buyers of Levland-O'Brien offer £1 16s. D.B.U sold at lis lOd. In mining. Wailu stock have received a good deal of attention. alh , li; sold freelv from £5 15s to £6 to £d lbs, closing with sellers at £6, and buyers at £5 16*3 6d. Waihi Extendcds sold at 2s lOd, 2s 9d, 2s lid. and 2s 10d, closing with sellers at 2s lid and buyers at 2s 9d. Talismans sold at 4s 10d and 4s Bd. Golden Belts (contributing) sold at 2s 7d; Komata Keels at Is 2d; New Eclipse at 7J>d. To like Gold Beefs sold at Is 5d and Is 6d. Since our report on Wednesday there has been no further change in the grain market. The heavy surplus of nearly all lines of grain and produce in Australia will probably prevent any inflation of values this season. It is to be noted, however, that two steamers are now loading at Sydney with produce for Japan, and if this hade increases it may help the market considerably in Australia. Even then it is questionable whether this colony will benefit wry much, and the advocates of federation with Australia will be inclined to point to this season as the first real example of loss that we shall sustain by remaining apart. The usual sales of flour are reported. Bran has apparently left the low prices that j had ruled lately, and the outside demand ! has firmed the market in the South. It is j stated that 40s is now obtainable for shipment to London from I.yttelton. against 35s freely quoted a week ago, and that the last Federal steamer took 700 sacks for London. Potatoes are almost unprocurable, and the 750 sacks by the Talnne to-day arrive to a I keen market Onions are still very scarce, here, available supplies having been cleared out for local and Island orders. The Mangapapa has brought a further shipment of maize to a full market. j

The later arrival of the Anarima, which is not now expected for another month, will cause inconvenience to those requiring cornsacks, as stocks hero are light, 49iu being quite unprocurable. The Calcutta market remains quiet, but firm, with a fair local demand and a certain amount of speculating among the native dealers.

The Indra has arrived with a large general cargo. A small lot of Champion vinegar is being landed to a bare market. Nestlc's milk is on the same vessel. A further shipment of Highlander milk arrived by the Hawea. The large cargo by this vessel is now being discharged as early as the wet weather and the indifferent position of the steamer will allow. Large consignees are not at all pleased when a vessel with a full cargo has to discharge at Hobson-street.

An improved demand has set in for dried fruits, and a few good sales have been made in currants and sultanas. Seeded raisins, both American and Australian, have also been taken up at late values. Dates are in bettei demand now that fresh fruit is getting scarce and dearer. Figs have also improved considerably during the last week or two, after being very flat since Christmas. General business has been jjuioter during the last couple of days. §J The timber trade is keeping up well, so far as export is concerned, and this is keeping mills from feeling the quieter demand for local requirements. It is interesting to note, in connection with the new line of steamers trading with the west coast of England, that a substantial shipment of timber is going to Liverpool by the Suffolk next week. This direct trade with the large centres outside of London should mean a big thing for New Zealand, as it has been repeatedly shown that butter, frozen meat, and other produce could reach a heavy demand in the provinces if it could be once taken past the London brokers, and it is the Recognition of this fact that has induced the New Zealand Government to suggest the probability of opening up shops for the sale of New Zealand meat if there is no other way of reaching the .masses of England. Visitors to England from New Zealand all agree that a big trade lias been lost for years, and the new line of steamers will provide the very opportunity that has been wanted.

AUCKLAND STOCK EXCHANGE. The following are Thursday's closing prices', the business done being:—Waihi, £5 ISs; Waihi Extended, 2a 10J; Te Puke Gold Beefs, Is yd. Is 6d. Sellers. Buyers. BAKES- £ 8. ci. £ s. d. New Zealand 4 1} 0 _ INSURANCE— New Zealand 4 12 0 4 10 G South British 6 9 0 _ New Zealand Accident ... — 8 0 0 FINANCIAL— N.Z. end River Plate, old _ 14 0 N.Z. and River Plate, new — 14 0 COAL— Hikurangi ' ... _ 0 11 i Tauplri Mines, Limited... 0 18 a _ GAS— Auckland 11 0 0 _ SHIPPING— Northern Steam, paid up ... 0 17 0 0 16 8 Northern Steam, con. ...OHO 0 7 8 lie von port Kerry — 1 15 0 TIMBER— Kauri Timber, paid up ... 0 15 6 Kauri Timber,, contributing 0 3 11 Leyland-O'Brlen, Limited... — 1 la 0 Mitcheleon Co 0 15 0 — MISCELLANEOUS— Arondale Brick and Pottery 110 — JJ.S.C, Limited ... ..'. 0 12 2 0 11 0 Union Oil 0 10 0 0 la 3 MINING— Kuranui 0 0 3 _ Mabara Royal, contributing 0 U 3 May Queen Extended ... 0 0 .'! — New Una 0 0 &i — Old Alburnia 0 Oil — Victoria 0 0 3 — Crown 0 7 U 0 5 6 Golden Belt, contributing... 0 2 0 _ Komata Reefs 0 14 0 1. Tairua Broken Hills ... 0 3 0 — Talisman Consolidated ... 0' 5 0 — Waihi (i 0 0 & 1G 6 Waihi Consolidated 0 11 0 0 10i Waihi Consols II 0 .'1 — Waihi Extended 0 2 11 0 2 8 Waihi Grand Junction ... — 2 10 0 Waitekauri 0 ill 0 1 G Bunker's Hill 0 13 — Hauraki Freehold 0 0 ■!!, 6 0 3 Harbour Vie* 0 0 3 — Old Hauraki, contributing Oil — G. A. BUTTLE, Chairman. W. H.. 0. Johnston, Secretary. 3.15 p.m., April 21, 1004. CALL AND DIVIDEND LIST. Dividends Due. Union Oil, Soap and Candle Co. 0 0 G April 25 Calls. Due. Kurauul G.M. Co., April 8 0 0 1 April 20 STOCK AND PRODUCE. MESSRS. AtiFBKD BUCKLA.ND AN"D SOSS' REPORT. Horses: At the Haymurket on Friday we had a full entry, principally ot the lighter class, eoiupe tition for* which was dull. Medium draughts, £20 to £30; good hacks and buggy horses, £17 to £21 10s; light harness and ordinary hacks, £0 to £15 15s; weeds and ponies, £1 5a to £8. Straw, l'Js load. Hides, Skins, Tallow, etc.: Ox, i\i to Gd; cow. Id to l:d; kip, to 4d. Cowtails, Is sd; calf, 4d to r.l'd; bones, ss; fat, lid; tallow, 15s to 20s 3d. Skins: Country, Is 3d to 3s 6d. Pelts—Fresh and salted, 2s to 2s 7d; country and damaged, Id tj 29 2d. Lambskins, lid to 2s 7d. Wool, in bags: Crossbred, 4d to 5Jd; lamb, sd; locks and pieces, 2d to 3Jd. Grain, etc.: nats, name as last week; maize, dropped to 2s 5d ex wharf owing to supply being in excess of demand; chaff, in full supply, local difficult to sell in competition with Southern. We quote:—Oats, 2? to 2s 2d; Algerian seed, 2s 9d. Maize, 2s Id to 2s 9d; barley, 2s Gd to 2s lid; wheat, 2s 10.1 to 3s 3d; chaff, local £2 10s to £4 ss, Southern £5; bran, £.'! ss; sharps, £5 ss; pressed hay, £3 to £t 10s; straw, £3 ss. Our Pokeno Yards on Monday were well filled with cattle of all classes, which" met with a ready sale at slightly improved values. Dairy cows sold from £5 to £8 ss; dry, £3 to £4 ss; fat, £5 5s to £7 10s; three-yeai-oid steers, in fresh condition, to £0 12s Cd; 12 to 18 months, mixed sexes, £2 18s to £4 Is; strong calves, £1 12s to £2 2s. There was a large attendance at the sale of the Rev. H. Williams' furniture, etc. Bidding was animated throughout, and everything was Bold at very satisfactory prices. On Wednesday, at Rttnciman, stock of all classes were well represented,73s bead being yarded, and with few exceptions all changed hands at satisfactory prices. Dairy cows sold from £5 to £10 17s Gil, hellers, £4 10s to £7 12s Gd; dry cows, £3 10s to ¥ r ] The advertised steers were a well-bred lot, and in nice condition. Three to four-year steers sold fiom £G lbs to £7 10s; two and a-half to three tears, £5 5s to £6; yearlings, £3 to £4; strong calves, 35s to 455. At Bemuera on Thursday dairy and store cattle r-nme forward in average numbers. Cows, at pioiit, soW from £5 to £8 10s; dry, £3 to £4 10s; calves •21» to 10s The store cattle were not sold. iat and voting calves, penned short of requirements, were better worth, small selling up to 10s, medium to IS" heavy to 565; « sold. The beef pens were

well filled with cattle of choice quality. Trices were steady throughout, but lower, ox beef selling from 218 to 22» the 1001b; cow, to 20s. Steers ritrged in price from £6 6s to #11 16s; cows, £4. 10s to £10, the latter price being obtained for Mr. W. Vesper's cow (first prize Cambridge show); 270 scld. Sheep came forward in average numbers. Trices wore slightly easier, owing no doubt to the heavy rain which fell all the afternoon. Best wethers reached 2"is; lighter weights, to 18s; ewes, 12s lid to ISs; stores, 8s Gd to 13s 6d; 1600 sold. Fat and store lambs, in usual numbers, sold freely; heavy lambs, to IBs; lighter weights, 10s lid to 13s; store, 7s Gd to 8s Gd. There was a large yarding of pigs, and no improvement in values, small selling from 3s Gd to Us; porkers, 25s to 335; bacouers, to 40s; So sold.

MF.ssns. G. W. hinney AND SONS' REPORT. On Tuesday we offered a large catalogue of hides, sheepskins, tallow, etc. Hides: The lull In light and medium ox reported by cable from Australia caused a fall of a farthing per lb here. Stout ox and welt-Hayed cow sold nt late quotations. We quote: Prime ox, 7Jd to "id; stout, ojd to GJd; medium, 4]d to 4|d; light, 44d; kip. 4d to -Ud; calf, 5d to ti'd. Cow—Best clean well-flayed lines, 4,u; bulk, 4gd; seconds, Sid to -Id; stags, to 3Jd; damaged hides nominal. "Sheepskins: Local, green and salted, from 2s 3d to 2s Gd; country, Is fid to 2s 3d; dry, Is 3d to 2s; damaged, Id to (id each. Tallow: Picked, to 225; good mixed, 18s Gd to 20s; seconds, 12s to 15s per cwt. Rough fat, lid per lb. Hair: Horse tail, Is 2d to Is 3d; mane, Sd to lOd per lb. Rones : Good dry, £5 per ton. STOCK SALES. Messrs. McNlcol and Co. report: At Ohanpo on Tuesday we yarded 570 head ot cattle. Prices for grown cattle were lower than a fortnight ago, but younger cattle did not share in the fall, and most of them sold at prices equal to those ruling lately. Three and three and a-hatf yeai old fresh steers, £5 18s to £G 10s; two and two and a-half year steers £4 4s to £5 7s; empty cows, stores £3 2s Gd to £3 6s, forward £3 10s to £3 15s; 18 months steers, £3 7s to £4 3s; two-year store steers, £4 Dg; 15 months' well-bred steers and heifers, £3 0s; best calves, 37a Gd to 13s; smaller calves, 30s to 345. DONEDIN STOCK EXCHANGE. DUNEDIIf, Thursday. Stock Exchange sales: Blgnell's Notown, ISs; Electric, 34s Gd, 345; Golden Bed, lGs Gd; Golden United, ss; Junction Electric, 6s 3d; Nelson Creek, 395; Notown Creek, 225. SYDNEY STOCK SALES. By Telegraph.—Press Association.— (Received April 21, 10.40 p.m.) Sydney, April 21. At the Homebush sales sheep were easier. Best wethers, IDs Gd; good, 17s. Cattle were lower. Best bullocks, £10 15s; good, £'.> 10s. Best cows, £7 15s; good, £7. TALLOW AND HIDES. By Telegraph—Press Association Copyright. (Received April 21, 10.40 p.m.) Melbourne, April 21. 'fallow market : Dull demand. Prices are lower. Hides: Brisk demand at unchanged prices. WOOL. By Telegraph— Press Association —Copyright. (Received April 21, 10.10 p.m.)" Sydney, April 21. The wool sales for the mouth have closed slightly firmer than at the opening. Greasy sold up to lOd; scoured, to Is B|d. LONDON. By Telegraph.—Press Association.—Copyright. London, April 20. At the tallow auctions 745 casks were offered and 372 sold. Mutton: Fine, 2Ss 3d; medium, 265. Beef: Pine, 28s; medium, 265. Silver, 2s 0 13-lGd per ounce. Copper: Spot, 58J; three months, 575. Tin: Spot, 127J; three months, 12GJ. Lead, 12 0-33. (Received April 21, 10.30 p.m.) London, April 21.

Consols, SSJ.