COMMERCIAL.

New Zealand Herald, Volume XLI, Issue 12660, 14 September 1904, Page 3

COMMERCIAL.

New Zealand Herald Office,

Tuesday evening. iffSS tone of the sh&remarket was somewhat muster to-day. In mining lines KuranuiCaledonians sold at Is 7d. New Moanataiarie changed hands at 3s 7d and 3s 9d (ex ; rights to unallotted shares), sellers closing firmer at 3a lOd, buyers 3s Bd. Old Alburnias were done at 2s lOd and 2s Sd, with furthers sellers at 2s 9d, buyers 2s Bd. New Saxons sold at 6id. There, were transactions in Coronations at 4|d, Golden Belts {paid up) at 3s Id, and Golden Bolls (contributing) at 2s 9d, Pride of Waihis aft Is 3d and Waihi Eitendeds at 8s Id and 7 s lid. Kuranuis were looked foe at lid, sellers Is 3d. Talismans, at 7s 3d, had buyers at 6s Hid. Waihis were held at £5 16s, with buyers at £5 12s fed. For Grand Junctions Imyeru advanced to 47s 6d, with sellers firm at 50s. Waitekauris hardened a little, sellers asking 3s, buyers offering 2s 6d. Bunker's Hills were slightly weaker at Is Bd, buyers Is 7d. Hauraki Freeholds were done at sd. Hidden Treasures bad buyers at Is 10d, sellers 2s 6d. In investment lines Bank of New Zealands were quoted at £6, with buyers at £5 15s. New Zealand Insurances at £5 Is had inquiry at £4 18s. Sellers of South British were holding for £7 28 6d, with buyers at £6 18s 6d. D.S.C.'s were in demand at 12s 3d, sellers 12s 6d. Milne and Ohoyoe (preference) sold "at 225. Portland Cements had buyers at 225, without sellers. In other lines late prices ruled. • , There is very little difference in the position of general trade as compared with last week. The heavy shipments that oame to hand last week have »6w been distributed or taken into store, and local stodks in most lines are now rather large. There are a few complaints about money being very tight, and it would appear that the bank-balancing on September 30 is already looming up against trade and somewhat restricting purchases. The maize market is rather bare, only 300 sacks having arrived by the Waiotahi since last report. These were easily sold at late rates, and the Mangapapa is due tomorrow with another lot, which should reach « good market. The Albatross and Aotea •are also due about the end of the week. There is already a little early deuianu for seed maize, but there are very few good samples obtainable. Potatoes are about the same here, the price being £2 15s ex store. The market in the South is 2s 6d higher, but there has been no response here, arrivals being sumoient for immediate requirements, and at this time of the year it does not do to stock heavily. Some of the consignments to hand lately have been in very indifferent condition. Oats are also firmer in the South, and it is • reported that London would take all the B grade and f.a.q. now offering. Local stocks are rather heavy, so that there is not much buoyancy in the market. Seed oats are in very good demand, and stocks have run low. Oatmeal is selling fairly well at late rates. Wheat is hardly as firm in the South, and while the nominal value is given at 3s 7d f.0.b., 3s Sd really better represents the money at which business could be done. Fowl wheat is rather scarce, and a few lines are offering at 3a 2d f.o.b. Southern ports. The local price is firm at 3s 8d ex store. The weaker tone in wheat has slackened off the excitement in flour. It is reported that flourmills are to be erected in Wellington, a manufacturers' list of orders on hand including a complete roller-milling and wheatcleaning plant for that city. ■'- .; Bran is in good demand, but pollard is rather slow and is a shade weaker. In barley it is reported in Christchuroh that I a small inquiry has amused a few sellers to ' quit, value being 2s 6d to 2s lOd. 'Pearl barley is a little firmer. The advance in onions in Melbourne has caused & rise here, and -picked samples are now quoted at 8s <?« store. Chaff has weakened a little with heavier shipments from Melbourne, and further lota are on the way. This has caused the South to offer at slightly lower rates. . . Bonedust and manures of all kinds are in heavy demand. The Aparima bonediut has met an exceptionally brisk inquiry and i 3 Belling well at £6 153 for No. } 1 Calcutta. Superphosphates are also in demand. In the metal market we are advised that prices of pig iron are well maintained, and at present show an upward tendency. Stodks in public stores continue .to decrease, being on Aueust 1 fully 20,000 tons less than on January 1. It is understood that makers arc not accumulating iron to any extent in private, so that, with the anticipated increase of autumn shipments, the position t may be con- ■ sidered satisfactory. There is no appreciable change in the position of manufactured iron and steel. In some districts makers-report a greater extent of inquiry. Quotations are without change, and the report of the Wages Board indicating no alteration for the nexlt period has imparted a steadier tone to the market. Prices of copper have been somewhat irregular, fluctuating from day to day according to the outlook on the political ■■ horizon. At the same time there is a good undertone, which has prevented any decided shrinkage in values. The political disquiet has caused some fluctuations in the value of ■ tin. Contrary to expectations high prices were secured at auction sale of Banca tin, and, values \in London at once responded. Tinplates for prompt delivery are in good request, and buyers seem willing to pay full prices for early shipment. Although demand is quiet, values in lead are being well maintained. The London market is more active in spelter." There is an improved consumptive demand, and Continental smelters are : twoking more freely. r Benzine is offering at a slightly lower rate ; to' arrive by the Andora at the end of the .. month, and turpentine to arrive by the Queen Helena, m , # Castor oil is firmer in Calcutta, the market being excited, and crushers are reported to be asking extremely high prices for fine quality. .y? - . . Kerosene is unchanged at 9£d ex store, and 9d to arrive per Andora due end of September, and continues in good demand. ,\ Candles are also in strong demand. There ! in difficulty in getting supplies from the company, especially in the cheaper qualities. ; - The fifth series of colonial wool sales will commence in London next Tuesday. A report by mail states time the position of the wool market has not appreciably altered , since the doss of the late auctions, although values of both merinos and crossbrtds are well maintained. Trade in the manufacturing districts is by no means active, the Relatively high rates now current for all classes of staple making business very difficult, for spinners, as well as manufacturers, : who. at present, are quite unable to secure : fresh orders at priceit in relation to those ruling for the raw material. , Another correspondent adds:—"lt ■• is generally recognised that the relatively higft values now current for both me ana coarse wools are due to scarcity of the raw material, and not to any improvement in trade. Inasmuch, however, as the . vanabb supply of colonial wool for the remainder of the season is estimated at about 200.000 bales quantity whioh is much below tb- normal, and whioh, even in tb« present u.-satisfao-tory state of business, is hardly sufficient to satisfy the actual requirements of maohineiy —a continuance of nigh prices appears probable for some time to come." ,-\ Cornsacks are very firmly held in the local ] market, advices from Calcutta pointing to a j very active market. Under date August 8 I a correspondent writes that "prices are maintained, speculators continuing to be the main support of the market, th» export trade being of the smallest description possible. On the other hand almost all goods are difficult to obtain, and the extreme prices offered for the early months show that manufacturers have little of their production left unsold. For forward the tendenoy continues in favour of sellers, and full rates have been realised by them, thus further strengthening the position of the industry." i In the local dairy produce market we have no changes to report, .factories are still negotiating for the sale Of their output of butter for the season. Farmers' make is rather scarce, but the supply should increase now that spring has really come in. There are no stored stocks, so that anything offering is picked up at ones. Eggs are very plentiful, and continue in. heavy demand on the basis of 8d wholesale, an enormous in crease in sales hiving taken place since the retail price declined to lOd. Bakers are buying large quantities for preserving, but some have declared their intention of holding off for the present, on account of the large proportion of broken eggs in the boxes, mostly the result of careless packing.

; STOCK AND PRODUCE. SIOT ZEALAND LOAN AND MERCANTILE AGENCY COMPANY'S, LIMITED, REPORT. Horses : At the Durham Yards on Friday scarcely the average number of horses were yarded. Competition was keen for anything of a good stamp. Heavy draughts sold at from £29 to £38 los; medium do., £18 10s to £25 15s; light harness do., £10 10s to £27; hacks, £8 10s to £21. A brown filly by Boult— Cuisine brought 31 fuinaas and a bay mare bv Pleasanton £37. Cattle: At the Newmarket Yards on Tuesday dairy and store stock were penned in larger numbers than usual. B»«f was yarded in average quantities, the quality being excellent. Ox beef •old ap to 27s per MOlb; oow, 198 to 245. Steers sold at from £7 10s to £15; cows, £5 68 to *s 15s. A draft of eight steers from the Wslkato brought £13 lis. „ ... . Sheep: The Newmarket Yards were well filled on Tuesday, the high prices of last week being tolly maintained. Wethers sold at from 15s 6d to £1 16s. ewes, Hs Sd to £1 7s Cd ; hoggets, Us 8d to £1 lis 6d Most of the Waikato wethers < •old at from £1 Is fid to £1 12s Cd. Shorn .wethers told at ficia £1 to £1 0» 3d.

Pigs: Weanera sold at from 13s 3d to Its; porkers, 19s i)d to £2 Bs. At Papaknra on Wednesday more than the advertised number of cattle were yarded. Competition was keen. Dairy cows, of which there waa a good yarding, sold at from £6 6« to £8 10s; do. heifers, £4 10a to £9; empty oows, £2 18s to £4 4s; grown steers, in very fresh oondltion, from £7 10s to £8 2s; backward do., £5 15s to £7 10s; two to three-year-old do., £3 £'» to £6 17s Bd; calves, £1 17s to £2 83. ■ We submitted an extra catalogue of hides, skins, tallow, etc., en Tuesday. _ Hides: Market firm for all well-flayed lots. We quote:—Stout ox, 6Jd to 6d; medium do., fijd to 6jd; light, do., 4Jjd to Sd; cow, best lines, 4id; good 4d; stags, 3d to SJd; kip, id to 4Jd. Calfskins, 6d to 5Jd; out, 4d to 4Jd. Sheepskins: Market firmer. We quote:—Best butchers' skins, 4s lOd to 6s 2d; country do. do., 4s Gd to ss; small and damaged, 3s to 4s. Tallow: Market firm. Good, In shipment casks, 18s to 18s Cd; broken casks and packages, 17s to 17s 9d; seconds, 14s Cd to lis 3d; rough fat, lid. Bones. £5. Cowtalls, Is 6d dozen. Horsehair, Is 2d to Is SJd. Maize: Arrivals have been light, and no alteration to record in price. Oats: Market slightly easier. We quote B grade, to arrive, Is lid 0.1.f. Chaff: Market well stocked with Australian, but Southern holders firm. We quote: Prime Southern, £4 IBs c.i.f. Potatoes: Large consignments came to band per Botokino, which were quitted at £2 Is to £2 4s c.i.f. Butter: In little bettor supply. Good separator sells readily at 8d to 9d. Cheese: Selling more freely and stocks getting in smaller compass. . Factory— 4d; medium, 4Jd; loal, 4Jd. AUCKLAND STOCK EXCHANGE. The following are Tuesday's closing prices, the business done being:—Milne and Choyce (preferential), £1 2b; Kuracui-Caledonian, Is 7d; Now Moanataiari (ex rights), 3s 7d, 3s 9d; Old Alburnia, 2s lOd, 2e 9d; New Saxon, 6Jd; Coronation, 4Jd; Golden Belt (paid up), 3s Id; Golden Bait (contributing), 2s 9d; , Pride of Wathi, Is 3d; Waihi Extended, 8s Id, 7 S lid; Hauraki Freehold, 6d.

CALL AND DIVIDEND LIST.

- . dug. ,-■•-, ■.- ■ Due. Big Beetle, August 32 ... ... 0 0 0} Sept. 14 May Quean Extended,' Sept. 1 ... 0 0 1 Sept. li Waihi Beach, Sept. i; ... ■ ... 0 0 1 Sept. 1* New Una, September 2-... ... 0 .0. 1 Sept. 20 New. 1 Nine-mile Creek, Sept. 1 ... o'■ 0 1 ' Sept. 26 New Chelmsford, September 13... 0 0 1 Oct. 4 Waihi • Extended, September 8... 0 0 2 Oct. 6 '■■; Dividends. ' '< '* Due. Bank of Australasia ... ... 2 8 0 Oct. 7

SALE OF DAIRY STOOK. . [BY JTELBGItAPH PBESS ASSOCIATION.] . » GlsßOauE, Tuesday. At a' Dale of dairy stock to-day cows sold from £3 to over £10; springing heifers, £5 to £8; yearling, steers, £3 17s 6d. ■ -:. ,

Sellers. Buyers. BANKS— £ 8. d. £ a. A. ' New Zealand 6 0 0 5 15 0 INSURANCE— New Zealand 5 10 4 18 0 South British ...... 7 2 C G 18 6 Standard , _ 0 18 3 FINANCIAL— N.Z. and Biver Plate ... 1 5 4 15 0 COAL— Tanpiri Mines, Limited ... 0 19 3 0 18 9 GAS— Auckland ... ... ... 14 7 6 14 0 0 SHIPPING— Union S.S. Co. IS 10 0 • — Northern St-eam, paid up 0 17 6 0 17 ,0 Northern Steam, con. ... 0 8 6 .082* Devouport Steam Ferry ... — 1 16 0 TIMBER— Kauri, contributing ... 0 4 7 ~ Leyland-O'Brien, Limited... a 0 0 1 18 3 Mitohelson Timber ... ... 0 13 0 — Mountain Bimu, Limited... 13 0 13 6 MISCELLANEOUS— Avondale Brick and lottery 10 8 — D.S.C., ' Limited ... ... 0 12 6 0 12 3 Milne and Choyce, Ltd., preferential ... ... 12 6 12 0 BWeruead Paper Mills. ... _ 1 13 0 Union Oil — 0 19 3 Wiseman and ' Sons, pref. 10 6 — Portland Cement — 12 0 TUBES— Auckland Harbour Board, 4 per cent 99 10 0 — MINING— Kuranui ... .„ ... 0 1 3 0 0 11 Kuranui-Caledonian ... 0 18 016 Mahara I'.oyal, paid up ... 0 12 — Mahara Boyal, contributing 0 0 7 0 0 5 May Queen .Extended ... 0 0 3 — New Eclipse ... ... 0 0 'J.J 0 - 0 1\ New Moanataiari (ex rights) 0 3 10 0 3 8 Old Alburnia ...... 0 2 9 0 2 8 Victoria ... 0 0 7 0 0 6 New Saxon ... .... 0 0 7 0 0 6 Coronation ... ... ... 0 0 5J 004 Crown ... 0 5 0 — Golden Belt, paid up ...032030 Uolden Belt, contributing 0 2 10 0 2 7 Komata Beefs ... ...; 0 2 8 0 3 0 Pride of Waihl ...... 0 1 4 0 12 Tairua Broken Hills ... 0 3 1 — Talisman Consolidated ... 0 7 3 0 6 11 Waihi ... ... ... ... 6 16 0 6 13 6 Waihi Beach United , ... 0 0 5 0 0 3 Waihi Consolidated ... 0 1 4 . 0 12 Waihi Consols ... ... 0 0 4J 0 0 2 - Waihi Extended ... ... 0 8 0 0 711 Waihi Grand Junction. ... 2 10 0 ■'.':■• 2 7 6 Waihi South ... ... .„ 0 0.'"«.', 0 0 4 Waitekauri ... ... ... 0 3 0 0 2 6 Bunker's Hill ... ... 0 18 : 0/1.7. New Four-in-Hand, paid op- 0 1 2 — Now Pour-In-Hand, cont. 0 0 8 — Hauraki Freehold ...... 0 0 SI 0 0 5 Harbour View , ....;. 0 0 4 0 0 3 Old Hauraki., contributing 0 2 0 0 16 Boyal Oak, contributing ... 0 2 3 — Hidden Treasure ... 0 2 6 0 1 10 G. A. BCTTliB, Chairman. .'. W. H. 0. Johsstos, Secretary. •", 3.15 p.m., September 13, 1904. r - //• ';.