COMMERCIAL.

New Zealand Herald, Volume XLIII, Issue 13214, 27 June 1906, Page 3

COMMERCIAL.

fv/'i" ' New Zealand Herald Office, MKiflfe' * « ." Tuesday evening;. < The share-marker continues rather quiet. In V Jf investments lines to-day New Zealand liuur£%®"w'*nco9 sold at £3 9s, and closed with sellers '* at £3 9s 6d, and buyers at £3 8-. Standard V ! '- ' Insurances changed hands at 19s. sd, and more were wanted at. 19- 4il, late sellers 19s fptv- 6d. D.S.C.'s had sales at 7s 9d: late sellers 1 7s lid, buyers 7s Bd. Now Zealand Port* land Cements (new issue) were done at 19s i' „* 9d; 110 declared sellers or buyers at last i call. In milling stocks Waiotahis were dealt . in from £8 lVs to £9 to £8 19s 6d, and more 'X>t, were available at. £8 19s Gd, late buyers quot* yf*r. ing £8 ISs 6d. Waihis sold at £3 8? and £3 7s, and- late sellers wero asking £8 10s, buyers Ifilv'fe £8. 6s. Talismans were a shade firmer, with fM/M business at 245; late sellers 24s 6d, buyers fegii 245. May Queen Kxtendeds sold at Is Id; ' ,1 , late sellers Is 3d, buyers Is. Now Darts sold at7d; late sellers Tid, buyers fajd. New '' May Queens sold at 3s; late sellers 3s 2d, iki. ' buyers 2s lid. Golden Belts (contributing) ! >/, ' hold at 2s S'.l: la to sellers 2s 9d, buyers 2s 3d. Komata i toe is sold at 2s Id; late sellers 2s 2d. buyers 2s. AValhi Beaches sold at Is; late, sellers Is, buyers ll^d. business shows n vast improvement this week, the arrival of tho Kaikoura from I/onai'iV don and the Indralema from New York ' keeping importers very busy. Both steamers Bjji brought largo general cargoes. The Sonoma also landed a largo cargo of American goods, ;-i many lines of which were required for im- | mediate distribution. Large transhipments R". from Homo vessels also canto to hand ex Manuka from Sydney. Altogether the &&;• volume of trade passing over the wharves this week is considerube. ' Distributing houses report the usual orders p|". i« hand for the first of tho month. >fU- The latest mail information confirms tlx? recent advances in hardware lines. Owing to (■i' ' tho pontinned advance in raw material, <?!;; manufacturers have been compelled to still |/ further advance tho price of steel goods. American advices indicate that the ont-iro |;i; output of steel rails has been sold for this g;,.' year, and already large sales have been made pi/ , for 1907. s.jv; All cotton goods remain very firm, and ''. owing to the market for raw material rilling V,„ very high, further'advances are looked for. £>, All oils continue to rule firm ; cod oil shows %' * stiffening price. Latest information from California reports that very little remains of either the canned fii*. or dried fruits. The new crop is near at hand and so far looks favourable for most of the varieties, though apricots, as stated before, 'Ji\ 1 will bo extremely scarce, the crop, as far j* as can be seen, indicating almost a total «Y* • failure. The price for canned fruits is quite ■';! nominal, but what business that is now passing is being don© at late quotations. Further cables from Calcutta indicate that very high prices are going to rule t ' throughout the year for all jute goods. Buyers must be prepared for continued high I',;- , prices in cornsaeks, gunny bags. etc. Busilyness locally in these! lines is small; 'the price fji ' for 48-inch cornsacks is nominally Bs, which merely represents cost at present c.i.f. rates. The kerosene market shows no change. & Stocks are not heavy ; further shipments are , ' 'shortly due per the I*. J, Wickerstrom. The . Dorido also, which has recently put into •(. . Mauritius in distress, has a shipment for this !jt port.

A large shipment of kauri gum was made per Niwaru, which sailed for London on Monday. The market remains unchanged as per quotations in another column. Supplies of the better, class of gum i continue fccarco. Cablegraphic information just to hand from Bradford reveals a weakening tendency in the wool market, and it is feared that prices will suffer a general decline. However, further information is now awaited regarding this. In crossbreds the fine and medium qualities showed a further sharp • rise at the last sales, and in coarse crossbreds prices reached a higher level than has been touched for many years. Tbere is no gainsaying: the fact that prices are at an abnormally high level, but it is generally feltthat a fail in price, when it does come, will be by easy stages. Owing to the market holding so strongly-throughout the whole 8-cries of sales at Homo most of the New Zealand lots have been dealt with, and any fall in prices now will not materially affect the colony this year. High prices continue for pelts. Tallow is in improved demand, and values have recovered since the late decline.::

f|;T Flax: The supply still continues very short, jV, and the market is firm at Into rates.'- Shipments continue to go forward by each Home i",steamer, the Niwa.ru talcing some 400 bales * £ of flax and tow. The Home market at pre-|-i' ■ sent i:3 not, heavily stocked, .and this staple i-- is still badly wanted, as stocks are comparatively light there. (General indications point to a continuance of present prices for the 'i, next few months. Potatoes: Further arrivals of Tasmariian potatoes came to hand per the Manuka, and also small shipments of Melbourne potatoes per the Mokoia. The quality on the whole continues good. although several lines arriving are inferior. Prices remain the same, V- i £11 5s ex wharf and £11 10s ex store being the present quotations for prime quality. ft&'f Following tin) easing in values recorded last iff; weak, a slight improvement has taken place, Wf/.C" but 'practically the market remains unalter- »■) ed. , Small offering's 'of potatoes from Can- §,©'■ terbury have been made this; week, but in the face of Taimanian importations at a Javier cost than Southern quotations no : business has l>een dorm in that ouarter. Seed Is • potatoes continue to meet with fair inquiry; iSr prime - samples of Up-to-dates are becoming increasingly, scarce; . Northern Stars are in good demand; other outside varieties are • meeting with but little inquiry. i ■ • Oats: The market throughout the colony fa in rather a peculiar position at the pre- . sen It time: the turn that prices will take 1; hinges entirely on the matter of what, ex- ' '' (port business comes along. Continued in- '' •• quiries from Australia and the East still roach the colony, and several very large orders are pending. Should these be placed <c " here the market will 'immediately advance, otherwise _it is generally expected prices •V; will' remain steady. Algerian seed oats maintain the recent advance. The fine weather throughout the early part of this month has onubled many farmers to get I down an early area in oats.' and with a '(• fair average season there ought to be some early crops in the province. Prices for seed remain unchanged at os lOd per bushel. 3?; This price, however, must, advance later, as merchants are still working on old . pur- " chases and cf.nnot replace at the above . figure. Wheat: The. Home market shows a slight tit -weakening,, for cargoes have been sold as low as 31s per quarter. The Southern mar- ; ket shows no change. There is practically ■i' very little business doing. Prices remain . nominal at 3s 6d and 3s 8d f.o.b. Southern 3: ■ ports.. "• Fowl wheat is scarce and holders , will not reduce prices at all. The local Jl' market is very firm at 3s 8d ex wharf and 3s 9<J ex store. J Chaff is still coming forward in ample quantities for requirements. Further ship,r. monts have come to hand per Waiotahi ;* from the Coast and arrivals at the rail Vj also continue. p,'j Onions: The market is not to heavily tSV stocked as has been the oaso during the last few weeks. Values, however, show no , ' change, the price still standing at 5s 6d and 6s. l : \ > Maize: Nine hundred sack 3 came to If:.: 6and per Manuka from Sydney. Half of ij ' • this shipment was the Brisbane grain. All .of it landed in first-class order and found r i 9. ready outlet a!- ruling rates. Further shipments of new. local maize came forward if? per ketch Endeavour. There was also a small line landed ex Waiotahi on Tuesday. latest' cables from Sydney report, a firm 'V market, owing to bad weather conditions preventing 1 their river maize reaching the fc city. In consequence next week's arrivals. J» hero ,are expected to be light. Had it not been for the element of Sydney maize gi in the market our local price would have been fully maintained but it is doubtful fv< . now "whether the market will recover the . decline of 2d per bushel reported last week. Bran and Pollard: Both the*e lines T\{ .-continue very firm and show no change in it.- values. The demand for bran is increasing, owing to the winter season having now fully 1 .yVo, set in. Oatmeal is meeting with the usual sale 'si' for this time of the year. The price remains | firm, in sympathy with tho oat market, fjf ' Boncdust and Manures: A steady demand ' J;, continues for these lines, principally for top- ' Swfi- dressing grass and sowing with the, early , 5,' V areas of oats. The bonedust market remains very firm and the price for Sydney j, ■' shows, an advance of 5s per ton. J fife ' 1 If!' NEW ZEALAND LOAN AND MERCANTILE ' fesj. AGENCY. COMPANY'S, Ltd., REl'OilT j 'Horses continue in good demand, average nuni- > f'..-* I*» being brought forward. The attendance • 's'~. «t the Durlium Yards on Friday was good, and ' S&t®: lor anything of a good stamp bidding was brisk. < >~ . Heavy,- draught* sold at from £29. 10s to £51 10s < "14" for a, six-year-old maw from Motiti Island; me- • SlHßdlum d 0..'£20 5s to £21 10s; light harness horses, i '%>" £6 15», to £18; hacks, £6 10s to £20; taxBp:- Cart. £15. l«8y Cattle: At ilie Newmarket Yards on Tuesday Vfe dairy and store stock were yarded in .usual numben. ; w Beet was penned --in full quantities, .many '}{'i ' them bfijns: prime quality. Competition was scarcely up to the previous week, although quo- ' Si: Nations were the same. Steers sold at from £5 • S* • 10s to, £10 17s 6d; cows. £4 as lo £?. Dairy ' cows Hold at trom £4 to £8; empty do. £4 V) 1 calve* to £1 lijf<- . 1 j|p|j'* calve* 17a to £1 l l

Sheep •_ The Newmarket Yards were well filled on Tuesday. Prices were easier. Wethers sold at from 18s to £1 4* ; ewes, 133 9 0 £ X i, g ( | . hoggets. I.os 6d to 17* 6d. Tin; advertised stoic ewe« sold »t from lbs 6d to 17s; wethers, 16? °d to 19s. figs: Porker.". 1"' to £1 11* ; haeoneivi. £2 Is to £3 1.-U 0d ; wean?!*. !« fed to 17.". ! We milt milted-an extra catalogue of hide*. skim, and tallow, all lines • meeting 'with keen competition. 5 Hides; Market firm. We quote—Prime ox, 8d , to Sid; extra stout do.. 7pl to 7Jfl; utout do., J bid to 6Jd; medium do., fcjd to s,'d; light do., I 5Jd to Old; cow, lieel lines sjd, good lines bill to 5Ad, Kips. o}d to 5Jd; calfskins, bid to 7'd ; s stags', 3Jd to 4;, d. » Sheepskins : Market firm. Best butchers' skins, . large fts 3d to 7s 3d, medium Is 6d to 5s 6d, emull 3-! to 4s. 3 Tallow: Pest mixed, up to 253: good, 20s 6d t to 22 is 3d; seconds, 18s to 19,s ,3d; -rough fat, . I'd per 11). 1 Hones. £4 10s. » Cowtails, Is 6d dozen. Horsehair, Is Id to Is 6J.il. ' Maize: Very little local ottering. Sydney selling 3 slowly at 3s 7d on wharf. . Oats ate worth 2s 9d ex store. Potatoes are in demand at £11 103 ex store 1 for prime. ; Chaff: Supplies are heavy and sales are slow at £4 103 at rail. Mutter: Prime separator selling at. lOd per lb. > io Cheese finds ready sale at. 6'.d for prime factory. Utun : Nearly all grades now are finding buyers, 1 Black No. 1. 2. and 3 are worth 625, 00?. and 2:is; | superior ordinary, 9f>s to 100s, good ordinary, , 80s; poor ordinary, 35* to 40s. AUCKLAND STOCK EXCHANGE. The following are Tuesday's closing prices, the business done being New Zealand Insurance, • £3 9s ; Standard Insurance, 19s lid : D.S.C.. 7s ; Sd ; New Zealand Portland Cement (new issue), . 19s 9d ; Wniotahi, £8 17s, £H 17s». £8 18s 9d, £9, £& 19s 6d : Waihi, £(! Bs, £8 7s: Talisman Consolidated. 245; May Queen Kxtended, Id; New • Dart, 7d. 7d : New May Queen, 3.*; Golden l!elt, ■ (contributing), 2s 8d ; Komata Keel's, Zi Id; Waihi i Beach, Is. Sellers PuTcr*. ; £ a. d. £ i. d. ; BANKS— 1 New Zealand ... .- 0 3 0 9 0 0 National ... ... „. 5 IS 0 ii 12 0 1 National, new issue ...3 8 0 3 0 6 INSURANCE— ' New Zealand ... , u 3 9 6 3 8 0 1 National r „, 14 6 13 9 South British -- *, 5 lb 0 — i Standard ... „„ i: 0 10 6 0 19 4 COAL 1 llikurangi ... — 014 9 1 Nort. Coal. Ltd.. 10s paid — 014 6 Taupiri Mines, Limited ... 1 0 0 019 6 West pott ... ... . 616 0 612 6 GAS(fißbotne ... ... 2 6 0 AVhangarci .<• _ 19 0 SHIPPING— Union Steam Ship Co. ... 17 0 0 _ Northern Steam, paid ... 017 0 _ Northern Steam, con. .080 — Devonport Ferry, ex div. 1 18 6 _ TIMBER— Kauri, paid up 0 16 0 0 15 6 Kauri, contributing -~0 4 6 0 4 3 arid-O'Brien, Ltd. ... 2 3 0 _ Mountain Rimu, Ltd. ... 1 0 0 019 3 MISCELLANEOUS— Auckland Tramways Co. — 11 9 0 D.S.C., Limited ... 0 V 11 0 7 8 Milne ami C'liovce, picl. 13 0 119 Milne and Choyce. ord. 1 0 0 019 0 New Zealand Drug, £2 ... 2 9 0 2 8 0 Northern Boot _ 0 9 0 New Zealand Paper Mills 13 0 — Union Oil 10 6 Wiseman and Sons, pref. 0 17 0 015 C 111N1N 0 — Kuranui ... ... .00 ,'i _ Kurauui-Caledoniaii ... 0 2 8 0 2 6 Magnet, contributing . 0 0 r. May Queen Extended ... 0 1 3 0 10 Moanataiari Extended, paid — 00 3 Moanataiari Extended, con. — 0 0 2 New Dirt 0 0 74 0 0 6.', New May Queen ... -_j 0 3 2 0 2 11" New Moanataiari ... ... 0 2 0 0 1 10 New Monowai ... ,-,0 0 7 0 0 SJI New Una k . 0 0 li _ New Saxon ... ... 0 0 10 0 0 8 New Sylvia, 6d paid ... — 0 0 4i New Sylvia, con 0 0 M 0 0 4" Old Alburnia ... 0 2 3" 0 1 11 Southern Queen, 6d paid.. 0 05J ' _ Southern Queen, eon. ..0 0 5" 0 0 2i Thames . ... ... 0 2 5 0 2 3" Vanguard ... 0 0 7 — Victoria ... 0 1 2 0 10. Waiotahi ... .' 819 6 SIS b Waitangri, contributing 0 1 1 008 Bunker's Hill ... — 0 0 9 0 0 6 New Four-in-Hand ... 0 1 1 0 010 Old Hauraki, paid ... 0 0 7 — Old'Hauraki, contributing — 0 0 4 Auckland ... .. 0 14 — Champion, paid up ... 0 '2 6 0 2 4 Champion, contributing .. 0 110 0 16 Crown ... ... 0 4 4 — Golden Belt, paid ... ... 0 5 3 0 3 1 Golden Belt, contributing 0 2 9 0 2 8 Kirikiri, contributing ... 0 0 6 — Komata Keefs 0 22 0 2 0 Ornahu, contributing ... 0 1 7 0 13 Pride of Waihi 0 0 11 _ llisiug Sun ... ... 0 0 4/, 0 0 3 Tairua Broken Hilla ... 3 2 8" 0 2 3 Talisman Consolidated ... 1 4 6 14 0 Waihi .. 810 0 8 6 0 Waihi Beach , - 0 1 C 0 OHi Waihi Consolidated .<■ 0 2 1 0 111 Waihi Consols 0 11 0 0 lli Waihi Extended ... ,0 5 6 0 5 2 Waihi Grand Junction ... 3 7 6 — Waihi South 0 0 6; 0 0 . r >i Waiinangu, 1* paid ... 0 0 9j — Waimangu, 8d paid ... 0 0 BJ, — Sunbeam Gold and Silver 0 0 9 — Hidden Treasure, paid up 0 0 6 0 0 5 3.15 p.m., June 26, 1906. • H. P. HxTDiiESTOJr, Secretary. G. A. Bcxtlh. Chairman. CALL AND DIVIDEND LISTDividends. £ «. d. Due. New Zealand and River Plate Land Mortgage Company ... 7 p.a. July 2 Talisman Consolidated 0 10 July 2 Cails . Golden Beit .Tune 11 z-> *.001 > June 23 Coronation, June 11 ... ... 0 0 0i June 23 Waihi Beach, June 20 ... -..0 0 1 July 6 New Sylvia, June .19 ... ... 0 0 1 July 6 • HAMILTON STOCK SALE. The New Zealand Loan and Mercantile Ageuo.v Company,' Limited, Hamilton, report,: Oil Wednesday. June 20 (held on this date instead of the 21nt'!, at our Hamilton monthly stock sale we yarded a smaller number of store cattle than iLSual. A good demand existed throughout for all clashes, everything selling at the hammer or afterwards, excepting two pens of poor-conditioned calves. 'Hie beef pens were well supplied with fat cattle. At the commencement of the sale the bidding was inclined to be dull for .steers, but. improved as the sale- proceeded, and eventually all, with the , exception of a few steers, were sold at auction or before leaving the yards. Fat steers realised up to £9 for a choice pen from Messrs. Goodwin Brothers; fat heifers and prime young cows, £5 7s 6d to £6 15s, the latter price being obtained lor a choice p?n from_ Mr. N. K. Taylor; aged heavy cows, £4 10s to £5 ss; fresh-conditioned three-year steers, £5 4s; wellbred two and two and a-hnlf year fcieers, £4 to £4 7s 6d; fresh cows and heifers, £2 17s Gd to £3 15s; store cows, £2 to £2 11.! yearlings. 1 mixed, £1 lis to £1 19s; quiet yearling heifers, £1 13s to £1 17s; strong calves, lus to 2&.«. i Twenty dairy cows anil heifers sold well, good cows at. profit up to £8, heifers at jilofit £5 12s 6d to £6 15s. A large yarding of sheep elicited brisk competition. Fat wethers from Mr. M. G. , Farrer *old up to £1 bs each: wethers and ewes from other owneis, 17s to 20s 6d; tat: hoggets, , 15s 6d : 550 ewes, in lamb, 19s fltl to £1 3s 3d; . 50 aged ewes, in lamb, 16s 9d. Only a. few pigs were yarded and sold at high juices; weaners, ! 13? Off: ali[«, 18s. Two useful harness horses, £5 to £5 10s. :