COMMERCIAL.

New Zealand Herald, Volume XLI, Issue 12662, 16 September 1904, Page 3

COMMERCIAL.

New Zealand Heimxd Office, Thursday evening. Tee members of the local Stock Exchange report another busy week. Business has {,000 mainly confined to mining stock, although investment etock have not been altogether neglected. The intention of the directors of the Bank of New Zealand to dispose of 5000 of the forfeited shares by tender has had the effect of weakening the market for this particular class of stock. Buyers offer £5 15s for a limited number of shares, sellers, asking £6. In insurances New Zeaiands are offered at £5 Is. The proposal with regard to the unissued isharea of the South British Insurance Company has firmed the price of this stock, sales being recorded at £7, with further buyers at £6 18s 6d. There are buyers of Standards at 18a 3d., Quotations for New Zealand and River Plato Land Mortgage a re unchanged. In coals Taupin Alines are offered at 19s 6d, with buyers at 13s 9d. In gas there are- sellers of Auckland at £"i 4 7s 6d, and buyers at £14- 2s 6dWhaiigarei are wanted at £1 7s. In shipping there are- sellers of Northern Steam, paid up, at 17s 6d, and buyers at 17s. Contributing are offered at; 8s 6d. The only alterations in quotations for timber are in Kauri Company, contributing, which are offered at 4s 7d, with buyers at 4s 3d. J) S.C. sold at 12a 3d, and moro are wanted at" the same price, sellers asking 12s 6d. Milne and Choyc®, preference, sold at £1 2<" and thero are sellers at £1 2s 6d. Northcm' Boot sold as Bs, cum div., and there are further buvors at 7s 3d, ex cliv. Rivcrhead Paper Mills aro firmer, with buyers at il i3s od. Thore are buyers of Tonson GarJick at £1, and of Portland Cement at £1 2s. The mining market, as already stated, has been active. Lower Thames stock receiving a -rood deal of attention. Kuranuis sold at is 4d and Is 3d. Kurauui-Caledonian sold freely from Is U to Is lOd to Is 7d. New Moanataiaris were largely dealt in from 2s 9d <o 3s bd to 3s to 3s 8d to 3s 'Id to 4 s lOd. Old Alburnias sold •From 2s 9d to 2s 8d to 2s lid to 2s 9d 'to 2* lOd. Victorias sold at Sid, 6id, 6d, and 7d New Saxons sold at sid, 6d, and bid. Coronations sold at 4id; Golden Belt, paid up, sold at 3s and 3s Id, end contributing P t 2s 9d. Komata Hoofs sold at 2s 6d and 2s "d. Pride of Waihi sold at Is Id, Is 2d, la 3d and Is 4d. Waihi Extended sold at; 7 S Id. 7a 3d, 7s 4d, 7s bd, 8s Id, 7s lid 8s 3d 8- W. and 8s 6d. Waihi Beach sold at |ij Bunker's Hill sold at Is 9d, isi 6d, Is 7d and Is Bd. Hauraki Freeholds sold at 6d and Harbour Views at 2£d and 3£d. > ; Since our report on Wednesday the maize ! market has been supplied by the arrival of , the Mangapapa with a small lot. which i readily sold on a bare market. Oats are- . TOT y firm, with orders for Africa and Lon- | don at tho rates now ruling. Bran and , pollard are both inclined to be easier. Onions are in rather short supply, and another advance in Melbourne has taken effect on this market. The samp!© is nott. particularly good, requiring repicking. Very fair orders for grass seed have boon received for spring sowing. Meadow foxtail is in short supply. Timber is in heavy demand for export, but the local trade is still rather quiet. Flax buyers are holding oft as much as pebble! as London and New York markets aro both weak. Fungus is in good demand. Evaporated fruits aro selling well. Pears and armies are unprocurable until arrival of next mail steamer. Currants are a nttle firmer, the latest news from Greece being against the crop. Figs are in smaller] compass. Dates are only selling quietly. , Tinned fruits are offering at lower rates. The demand has nit really come on yet. Salmon has been rather quiet, but halfpound tins have sold very readily and are now in short supply. . . ~ . A Calcutta report of August 15 states that the jute market for the week has ruled firm, andCn buying has further hardened prices of heavy goods for next year. At the -lose the position is rather quieter, with however no quotable change in rates. The forward buS put through is, of course, entirely speculative, such buyers relying a good deal on their success of the past season, and anticipating a similarly favourable outlet lor aunuies. It is. however, much too early to maka up any definite opinion in respect to the country harvests, while the recent weather reports issued are altogether favourable, showing an abundance of rain in the Bengal Kioto, and a deficiency in the Madras and Bombay Presidencies. Almost all goods.for the early months are scare©, and high prices are being p*3d to mefet the small export inqurry, which comes principally from Burmah. Business with tho United Kingdom 8 impossible, and doubtless stocks held thore are being worked off. Inquiries from the Straits and Far East should soon set in. and this must keep up values of both plain and-twilled goods to the close of the year. Trad© with the colonies has again been on » small swale, but any inquiry for cornsacks, particularly with business resulting, has the effect of firming up prices. Woolpacks are unchanged and firm- nnnet, advices . __. Castor ©il is much firmer, advices from Calcutta showing that crushers are holding out for full rates. . ... , Kerosene is being sold to arrive at the «nd of the month. ■

AUCKLAND STOCK EXCHANGE. 1 The following are Thursday's closing prices, the busings done oeing:-Mahara BoyaL conhribnting, Sw Moanataiari, 4* 33, 4s 4a. 41 M,.4. Ml. Ufa, i* 7* 4s 6d, 4r 7d, 4a 84. 4. •*-*•»*• Old Alburaia, 33 Md; Victoria, M; Vtm f"™> 73; WaiM Censo'dfifltud, Is 3d; Waihi J«"*f a ' 8* 6d: Bunker's Bill. Is SJ; Harbour View, 3Jd. Sellers. Buyer*. BANKS- ■■• ' £ „- d " *•'*• Hew Zealand 5 0 0 5 15 ° ISSTJBANOE— . New . Zealand 5 10 - Booth British - J., , Standard - ° 18 3 FINANCIAL— S.Z. and Elver Plate ... 1 5 4 15 0 COAL— . „ Taupiri Mines, Ltd. ... 0 19 6 0 18 9 ft A ft, „ „ Auckland .„ ... - 1* ' « U 2 6 SHIPPING-— Northern Steam, paid tip 0 17 6 0 17 « TIMBER— Kauri, contributing ... 0 49 — Leyland-O-Brien, Ltd. ... 3.00 1 13 3 Kitcfaelson Timber ... ... 0 13 0 - Mountain Eimn, Limited... 1 3 C l i « MISCELLANEOUS— Avondale Brick and Pottery 1 0 6 — ■ ' D.S.O-, Limited ... - 0 1 6 0 12 3 H.M. Arcade Theatre, prcf. 1 0 6 — Milne and Cheyee, prefer. 12 0 — Milne and Choyco, ordinal? lib — Northern Boot ... ••- — ° ' * Biverhead Paper Mills ... — ] " " Tonren Gnrliek, Ltd. ... — , " " Portland Cement ... — — L i u DEBHNTOBBS— Auckland Harbour Board, 4 per cent 39 10 0 - MINING— Kuranui 0 16 0 1 2 ( Enranul-Culedonian ... 0 1 u 0 1/ Mahara Eoyal, paid up ... 8 0 11 — Mahara Royal, contributing 0 0/ 000 May Queen Extended ... 0 0 4 — New Eclipse 0 0 11 0 0 8 New Moanatolari 0 4 11 0 4 » Old Alburnia 0 3 11 0 2 10 Victoria 0 0 7 0 0 H New Saxon 0 0 7J 0 0 / Coronation 0 0 5J 0 0 4 Crown 0 5 0 — Golden Belt, paid up ... 0 3 2 0 2 11 Golden Hilt, contributing 0 2 ID 0 2 < Eoraata Reefs 0 2 8 0 3 7 Pride of Waihi ... ... O 1 5 0 1 J Star of Wain* 0 0 4 — Tairua Broken Hills ... 0 3 1 — Talisman Consolidated ... 0 7 2 0 G 10 Waihi 6 10 ° 5 12 0 Waihi Beach United ... 0 0 5 0 0 3 WaShi Consolidated ...013. Oil "Waihi Consols ... -.0 0 41 0 0 2 Waihi Extended OSS » « 0 Waihi Grand Junction ... 2 10 0 2 7 C Waihi 6'onth .. ... « » 7 0 0 £* Waitekanri 0 3d o 2 7 Bunker's Hill 0 2 J 0 18 Ne-? Four-in-Hand, paid up 0 1 0 — Hauraki Freehold ... 0 0 (i 0 0 o Harbour View 0 0 4 0 0 3 Old Hawaii, contributing 0 19. 015 Royal Oak, contributing ... 0 2 3 — Hidden Treasure ... 0 2 li 0-0 G. A. BUTTLE, Chairman. W. H. O. Johnston, Secretary. 3.15 p.m., September 15, 1901. CALL AND DIVIDEND LIST. Calls. Due. New Una, September 2 0 0 1 Sept. 20 New Nfne-niilfl Creek, Sept. 1 ... 0 0 1 Sept. 26 New Chelmsford, September 13... 0 0 1 Oct. 4 "Waihi ■ Extended, September 8... 0 0 2 Oct. 6 Dividends. ' Duo - Bank of Australasia 2 8 0 Oct. 7 Mountain lUmu Timber Co. ... 10 p.c. Sept. 19 LIVE STOCK AND PRODUCE. MESSRS. ALFRED BUCK.LAND AND SONS' REPORT. Horses: At the Haymarkot on Friday, we had ) a moderate entry, and a keen demand for all young, sound, tts.iful sertd. Heavy draughts realised from £32 IQa to MS fa mure from Kaipara brought the latter figure): SMdinm ditto, £18 5s to £31; buggy hones and good lucks, £18 to £26; light harness and ordinary hacks, £6 17s Gd to £15; weeds and ponies, at late quotations; the hackney stallion Goldsi Crown brought £41. Hay, 2s to 2s 6a cwt. Straw, 21a a load. Hides, Tallow, Skins, etc.: Hides, ox, 4d to sd; cow, 3Jd to Hi; kip, id; calf, ssd; horse, 7b to 8& 6d each, damaged, at relative rate,). Horsehair, Is 144 to l*s Sid. Tallow, 17s to 18s; bonus,' 6«; tails, Is 8d dozen. Skins, best butchers', 5s to Da Cd; countirr ditto, 4s to 6s 2d; small, Is Sd to 3s 7d; damaged, Is to Is 3d; pelts, Is to la 9d; damaged, Id to 8d; ploksd skins, & fid to §3 110. I

Wool: Pieces, Bid; dead, 2^d. On Monday we held our annual spring horse sale at F.ikekoUe, and had a good yarding, horses oJ every class being represented, especially young draughts,, and as this class have not been offering of late, those entered met a ready sale at advanced prices, selling from £35 to £<& 10s; unbroken medium colts and fillies sold well, and manv changed hands at from £25 to £35; an exceptionally nice heavy 2-year-old colt, bred by Mr. J. Cathcart, realised £37; hacks and light harness horses were also in demand, and sold from £18 to £29 10s, according to age and quality; weeds and ponies, £1 10s to £8 10s. We held our usual monthly sale at Hjlensvillo on Wednesdav, and yarded a large number of stock, moat of which were disposed of at satisfactory prices; 2 to 3-vear steers, £4 to £5 10s; yearlings, to £3 10s; strong calves, SOs to 40*; dairy cows, to £6; several ponies were offered and sold from £2 to £4. At Eemuera on Thursday, dairy stock were plentiful. Cows at profit sold from £5 to £8 ss; dry, £3 to £5 2a; yearlings, £2 10s to £3 ss; 2-year-olds, to £4 10s; 3-year-olds, to £5 10s. Fat and young calves, in full supply, were better worth, small selling to 13s, medium to 255, heavy to 608 (68 sold). The beef pens were well filled with cattle of good quality, which sold freely throughout. Prices were slightly easier than last week, though good values were obtained. Steers sold from £7 to. £12; cows, £5 10s to £8 15s (280 sold). Sheep came forward in larger numbers than of late, and met with a ready sale, best wethers Belling up to 31b 6d; lighter sorts, 19s to 26b; best ewes, 21i to 265; others, 17s te> 21s; hoggets, 13s to 18s (1600 sold); store wethers, 16s 3d to 18s; spring lambs: Few yarded, In keen demand, sold from 23s to 25s 6d. Pigs penned in large numbers; small, and rough sorts, wore at lower values, but wellbred porkers were in keen demand, selling at extreme values (208 sold).

MESSRS. G. W. BINJTEY AST) SOS'S REPORT. On Tuesday, hides, sheepskin*, tallow, etc., sold freely. Hides: Market voir firm, with short supply. Extra stout, GJd to 6*d"; stout, 6d to Bid; medium, 4f-d to 4id; light, 4gd to 4Jd; stag*', 2sd to 3Jd; cali, 5d to 6|d; kips, 4d to 4sdj damaged, of all classes, Id to 3sd per lb. Sheepskin*: Competition brisk, picked preen and salted selling up to 6s; good, 4s 9d to ss; medium, 4b 3d to 4a 6d; small, Ss to 3s Gd; dry, 2s 6d to in 9d; pelta, sound, Sd to 2s; damaged, Id to Cd each. Tallow: Best mixed, 18s tit 18s fid; good, ICs to 163 6d; seconds, 12s to 15s per curt. Bou<?h fat, lid per lb. Bones, £5 per ton. Cowtailis, Is 5d per do2cn. Horse tail hair, Is 2d to la 3d; ditto, mane, 8d to »d pes lb. DUNEDIN STOCK EXCHANGE. [BY TELEGRAM PRESS ASSOCIATION.] DUNEDIS, Thursday. Stock Exchange sales:, Bignell's Notown, 15s; New Be.ndigo, Is. HIDES AND TALLOW. By Tel -graph—Press Association.—Copyright. (Received September 15, 11.8 p.m.) Melbourne, September 15. Hides: Supplies moderate, demand brisk. Stout, o£d to 6d; heavy, 4Jd to 4|d; average and medium, *d to 4-Jd. Tallow: Butchers' best, mixed, £21 10s; mutton, nominal, £23 10s. SYDNEY CATTLE MARKET. By Telegraph.——Copyright. (Received September 15, 11.8 p.m.) Sydney, September 15. At the Homrbnsh market, to-day, sheep and cattle were both dearer. Crossbreds wore scarce. Beet wethers, 20s to 21s 3d; good, ISs; ewes, IDs Gd to 20=,; good, 18s. Best bullocks, £10 to £11 10s; yood, £9 63; best cows, £7 10s to £9 10s; good, £6 10s; beef, 32s Cd per 1001b. LONDON. By Telegraph.—Press Association.—Copyright. Losooir, September 14. Wheat: Further " bull" reports have hardened the American market. Excited scenes have occurred at Chicago and New York. The crops in Manitoba and North-west of Canada are estimated at from 68.000,003 to 60,000,000 bushels, and tho whole of Canada at 72,000,000 bushels, leaving 36,800,000 available for export. Two Australian cargoes sold at 325, and a third at 32s Cd; 95,000 quarters, September-October shipment, sold at 34*. Copper: Spot, £57 10a; three months, £57 12s Gd. Tin* Spot, £126 2a 6d; three months, £127 ss. Lead, £11 17s 6d. Imports,. 19,980 tons, including €356 Australian; exports, 4996 tons. Tallow sales: 1383 cask* offered, 1050 sold; mutton, fine, 2Sa 3d; medium, i!6s. Beef, fine, 26s 3d; medium, 255.