COMMERCIAL.

New Zealand Herald, Volume XLIII, Issue 13226, 11 July 1906, Page 3

COMMERCIAL.

Nkw Zealand Hekald Office, Tuesday evening. BUSINESS continued quiet on the sharemarket to-day. In standard stocks National Insurances sold at 23s 9d and 245, and more were wanted at 23s 9d, late- sellers asking 24s 3d. Tlifeurangi Coals sold at 15s 6d, and there was further inquiry at 15s 3d. Auckland Gaasold at £14- 10s, and more could have beon placed at £14 7s 6d, late sellers demanding £14 12s 6d. Kauri Timbers (contributing) sold at 4s 9d and 4s lOd, and further parcels were on offer at 4s lOd, late buyers quoting 4s 86. : In mining lines Waihis sold at £8 14s, and moro could have been had at that figure, late- buyers £8 13s 6d. Waiotahis showed improvement on Monday's closing quotations, and after sales from £8 Is to £8 63 6d to £S 3* 6d to £8 4s to £8 3s to £8 3s 6d, closed with inquiry at the last-mentioned figure, and sellers quoting £8 4s. Talismans sold at 22s 9d ; late sellers 235, buyers 22s Oil Thames sold at 2s Id; late sellers 2s 3d, buyers 2s. Wattangis showed improvement, and contributing shares sold at Is Id; late sellers Is Id, buyers Is. , Waihi Extended* sold at 4slod; late sellers 4s lid, buyers 4s lOd. .Paid-up Hidden Treasures sold at 6|cl; late toilers 7d, buyers did. , The import trade continues fairly busy. The Wakanui, from London, brought a large shipment of iron rails as well as general goods. The Marere has a largo shipment ot general goods from London and the Continent, and distributing houses will in consequenco be busy throughout the week. Merchants are waiting mail advice per Ventura concerning American canned goods, dried fruits, and other lines. No quotations for the new season's fruits are yet to hand. Business locally in these lines is quiet. Further shipments are expected to arrive per "Ventura. The salmon market is firm. Very little is now done in American salmon owing to tho preferential duty sending most of the trade into the Canadian article : Sultanas continue firm in price, and the supply is rather short. Candles are in good demand, and the price is firm at late rates. . ■ The rice market continues firm, as reported last week. Locally, owing to the heavy stocks and importations of Australian milled rice, the price has not advanced in sympathy with the increased landed cost. Sago and tapioca are both firm at late quotations. A decline of 15s per ton in sugar, which took place last week, is now general. In Eastern goods there is no fresh news to hand.* The latest cablegraphic advice reveals a still further weakening in the jute market, as the indications for the new crop point to a heavy return. The late values are quite abnormal, and there is a. very substantial margin for decline. Locally' cornsacks are still in steady demand at ,8s per dozen for 48in. Second-hand sacks are extremely scarce and difficult , to secure in sufficient quantities for requirements. -< - Business in hardware is quiet. Pig iron and zinc maintain the late advance, and the steel market i.4 very firm. Other lines Show no change in value. Tho cargo of fruit landed from tho Islands ex Hauroro turned Out in" good order. Wholesale houses report that business in this lino is good, oranges finding a ready outlet. Bananas, however, are rather slow of sale. •' Flax: Tho local market, shows no change since last week's advice of the 10s advance. The London market, however, shows a, decline of £1 per ton as the result, of heavy stocks on hand ; but as tho demand is keeping up wonderfully well the prices now ruling will probably hold. Tho continued wet weather has still further affected the supplies, which have fallen to. very small deliveries. Owing to th© small shipments now being made, tho London market will be considerably relieved from the late heavy supplies, and every indication points to values being fully maintained. A large : number of the \ mills : throughout the province*, are working on short time, and others again have closed down. ... '■'■ \ji .•:'.: ■-' ..■' Wool: The fourth series of London sales' takes place to-day. At the time of writing there is no cablegraphic information concerning tho market but indications for some time/past point to a general decline . in values. The quantity of colonial wool to be submitted at the present- sales is comparatively small, but nevertheless any serious de* clino in values will bo felt. Frequently the unexpected happens, and it is to be hoped that the anticipated drop will not show a very wide margin from late values. A drop in the market at the present time will pro*ffeclth<i oj>ening price for nexf;year/ foriat,;»the high rates buyers will merely work from hand to mouth. ..-:■ Timber: The mills are still busy.- iTurther shipments of timber will bo going forward throughout this month to the Home markets. The low rate of freights that have been offering for some time past are still available 'and the outlet to Europe is therefore greater than the available supply. The late rains have-not been continuous, enough to bring down all the timber in the creeks ; at the same time some fairly large: rafts have reached the mills. The export trade still continues brisk at the Kaipara and other export (Mjntres. ! ' "' •Potatoes : The market shows a sharp rise at £1 per ton as the result- of stocks held in stores having been worked off, and also for ..• light arrivals from _ Tasmania ; and the South. The total arrivals per the Mokoia from,. Sydney and the Manuka from the South' total 872 sacks', which quantity on a bare market fell far short of requirements. The light arrivals are accounted for by the very bad weather which has prevailed at Devonport; and Burnie in Tasmania, from where the bulk of our supplies are drawn. Until the arrival of the Wanaka next week tho market will probably remain very bare, And the price will hold firm at to-day's figure, which is- £12 10s per ton. .■; Oats: The oat market is quiet, practically vary little business being done, and what is passing is of a • hand-to-mouth character. A steady but quiet demand continues from Australia for f.a.q. quality,; but the outlet is not large enough to have any appreciable effect upon the market other than to hold it at the present rate. Local store stocks are heavy and the demand is quiet. The price of the B grade, ex store, stands at, 2s lOd, and lines to arrive ex Wanaka next week are quoted at 2s 9d. ' Maize : As with the potato market so with the maize market. Owing to very light arrivals and no carry-over in. stocks the price shows an advance. The total arrivals this week" comprise 153 sacks ex Mokoia from Sydney and 150 sacks .per Waiotahi from the Coast. Th* price is firm at an advance of 2d per bushel on last week's values. The Australian markets show a further advance of Id per bushel, and altogether there is a firm tone prevailing throughout the' Australian States. Information from reliable sources points to the price further advancing and holding throughout the year. On tho Coast the weather is so bad that the farmers cannot shell,, their maize, and in many cases the roads are impassable, therefore no carting can bo done." Arrivals of local maize may be expected to be small throughout this and next month.

i Chaff: The chaff market is very dull; fresh deliveries continue to be light, but store stocks are sufficient for all requirements. Several small shipments arrived from, tho Coast per Waiotahi, which were placed at £4 10s on the wharf. A considerable inorease in the quantity of chaff grown oh the Coast is shown this year, and the supply from there is of very good quality. Merchants are asking £4 17s 6d to: £5 ex store for prime lots. » Four and Oatmeal: Although there is no quotable change in the price of flour millers are very firm and no forward business can be clone. Business at present is of a hand-to-mouth character. Oatmeal, is in steady demand, and the price is unchanged. Bran and Pollard: Both these lines are slightly easier. The price remains -unaltered; offerings, however, are plentiful. Pollard is moving off freely at the decline of 7s 6d per ton reported last week, and bran is meeting with a ready sale.' The prices stand at £5 10s and £4- 5s respectively. Wheat: The demand for fowl .wheat has. fallen off considerably. It is now offering freely, and stocks in store are light. The prices stand at 3s- 8d ex wharf and 3s 9d ex store. Milling' wheat is very steady. Several cargoes have been sold at late rates on the London market. Farmers, who are the principal holders in the colony, show a disinclination to sell under present prices. - ~ Agricultural seeds: The wet weather prevailing has considerably delayed farming operations; in fact, all ploughing, etc., is practically at a standstill. The early area lof ' Algerian- oats which were sown are doing well. demand for seed continues I steady. As soon as the weather takes up business in this line promises to be brisk. The pricos remain unchanged for prime luetic! Algerian oats at 3s 10d per bushel. V Whit© Tartars also meet with steady inquiry at 5s per bushel. . Seed potatoes arc meeting with a little i inquiry, although the most of the area in- • tended to be put down in potatoes will not be planted until late in the spring; at the S«nao time several earlier lots have gone in. siXlp-to-Date seed is in most demand at £14 .J»r ■ ton. It ■ is difficult, however, to get , f©od dean samples, as a large proportion of- the lines-offering are affected .with dis-

.......... case. 'Other, varieties, such as. Northern Star, are ; being inquired after; '.'in ? small quantities, but for ' marketable ' purposes there is a very small outlet Tor them. Bonedust and manures are meeting' with a better inquiry, as the season is now well advanced for" topdrdssiiig of grass. * Kainit and basic slag are in good demand at unchanged prices. Other manures, etc., are meeting with' a ready sale. AUCKLAND STOCK EXCHANGE. The following are Tuesday's closing prices, the burliness done being:—National Insurance, 23a 9d. 24«; Hikurangi Coal, 15s 6d ; Auckland Gas, £14 10s; Kauri Timber' (contributing), 4s 3d, 4s lOd ; Waihi, £8 14*, £8 14«: Waiotahi, £8 Is, £8 6s. £8 6a. £8 6s 6d, £8 3s 6d. £8 4a, £8 3a. £3 3s fid: Talisman Consolidated, 22s 3d, 22a 9d; Thames, 2s Id; Waitangi (contributing), Is Id; Waihi Extended, 4a lOd, 4s lOd; Hidden Treasure (paid up), 'bid,' Sellers Buyers. , £ i. d. & «. d. : BANKS— '■■..; New Zealand ... .-.3 2 0 — National ... ... 5 17 0 ft 13 0 National, new issue <■~ 4 19 0 4 17 6 INSURANCE— New Zealand ... >. 319 0 318 0 National .„ ... ... 14 3 13 9 South British .. : ... ' 5 13 0 ft 10 0 Standard : ... -.. .... . — ".:," 019 9 FINANCIAL— Jfew Zealand and River , ,-■ Plate ■ ... .:. ... 1 10 0 189 coat.-. .•■•.--•;•;., !?,'ikurangi .. ■ — 015 3 Wort. Coal, 10s paid ..- 015 0 _■' Taupii'i Mines, Limited ... 1 0 6 0 19 9 Westpurt — . 6 15 0 GASAuckland ~* 14 12 6 14 7 6 Hamilton *• ,*> ... 2 '"> 0 — ; SHIPPINGUnion Steam Ship ' ... --- 16 17 ' 6 Northern Steam, paid up 0 16 9 0 16 0 Northern Steam, con. ... 0 8 0 0 7 9 Devonport Ferry ... 1 12 6 — TIMBER— Kauri, paid up ... > „ 016 9 016 0 Kauri, contributing ... 0 4 10 0 4 8 Mountain Rimu, Ltd. ... 1 0 0 019 3 UISCELLANEOUS- - ; Tramway Co. — 11 9 0 P.S.C., Limited ... ... 0 7 8 0 7 7 Milne and Choyce, pref. 13 0 119 Milne and Chovce, ord. ... 1 1 0 — N.Z. Portland 'Cement Co. 113 6 ' — New Zealand Portland Cement Co., new -issue J.. — 0 19 6 Northern Boot ... ... ■ 0 8 9 — New Zealand Paper Mills 13 0 . 116 Wiseman and Son*, pref. 017 0 0 15 9 Wilson and Co., pref. ... — 110 MININGKuranui 0 0 6 — „ Kuranui-Caledonian ~026 0 2 » May Queen Extended ... 0 1 3 0 010 Moatiataiaii Extended, con. 0 0 3 — New Dart ... .. ' ... 0 0 ft 0 0 Si New Mav Queen 0 3 0 0 2 7 New Moanataiari ... ..,0 2 0 0 19 , New Monowai ... ... — 0 0 5 New Occidental, con. ... 0 0 4 0 0. 2i New Saxon ...... : .-.» 0 0 9 0 0 K New Sylvia, 6d paid — —. ■■ 0 0 44, New Sylvia, con. ...- ... — -,' . 0 0 3£ Old Aiburnia ... ... 0 2 1 0 1 11 Southern Queen. 6d paid 0 0 5 l — Southern Queen, con. ... 0 0 4.' r 0 0 ,> Thames ... 0 2 3 0 2 0 Vanguard .. m ,~ 0 0 8 — Victoria ... ... ... Oil — Waiotahi ... 8 4 0 8 3 6 Waitangi, 6d paid 0 12 — ~, • Waitangi, . contributing..'; 0 11 0 10 New Pour-in- ..00 10£ ' — Auckland ... .... ... 0 11 _ —. Champion, paid up' ... 0 2 4 0 2 0 Champion, contributing ... 0 19- — •:■ Crown ... ... ~. 0 4 3. 5^2 Golden Belt, paid 0 3 0 0 2 9 Golden Belt, contributing — 0 2 4 Kirikiri, contributes ... 0 0 6 — . Komata Beefs \ ... ... 02 2 01 11 . Oi'/iahu, contributing ... 0 16 . —- Pride of Waihi ... ... 0 010 Rising Sun ■■-". ... ... 0 04i ~ -- . Trunin Broken Hills ~,025 0 2 i Talisman Consolidated ... 1 3 .0 .12 3 Waihi — ■•■ '"••• 814 0 813 6 ; Waihi Beach ... ... 00 10 0 0 8 Waihi Consolidated ' ...' .—:■■'. 0-111 .Waihi Consols ■•;..:,- .■« °10 .„ - Waihi Extended 0 411 0 4 10 Waihi Grand Junction ... • 3 3 0 ,- Waihi South ... ... 0 0 OA 00 5J Maoriland ... ... >— „-~ °° 5Sunbeam Gold and Silver 0 0 8* 0 .0 h. Hidden Treasure, paid up 0 0 7 0 0 &Jj r 3.15 p.m.. July 10, 1906. ' V f H. P. IH;Di.B3TOxr, Secretary. *'.'"„ G. A. Buttle, Chairman. >~'■ ~ - • .-. CALL ANP DIVIDEND LIST. Dividends. V ' ! £ «• d. . Due. Bank of New Zealand ... ... — Now New Zealand and River Plate Land .Mortgage Company ... ' 7 p.c. Now Talisman Consolidated . ... C 1 0 Now Cousins and Atkin Carriage ... 7 p.c. *<>*.■_•. Waiotahi G.M. C 0.... ■■. .. 0 6 0 July 11 National Bank of New Zealand 7 p.c. July 19 i Cails. i Kuranui, June 29 ... ...» 0 1 July 19 j NEW ZEALAND LOAN AND MERCANTILE COMPANY'S, LTD., REPORT. • Horses: 'On Friday.' at ' the Durham Yards, horses were again brought forward in large numbers, and any animals of a good stamp sold well. Heavv draughts sold at from £31 to £45 10s; medium do., £19 to £26 55,; hacks and light harness horses. £6 15s to £20; buggy, £15 15s; taxcart, £12 10s. ."-.. At Papakura on Wednesday we • had a fair muster of store stock and a large yarding of dairy cattle. Dairy cows and heifers, of which 256 head'changed hands, sold at for cows, £4 5s to £7 10s, heifers, £3 10s to £6 ss: empty cows, £1 17s 6d to £3 4s; grown steers, £4 10s to £6 sa; two to three-year-old, £2 15s to £3 12s; yearlings, £1 18s to £2 14s; calves, 15s to £1 6s; beef at Newmarket, rates. Cattle: At the Newmarket Yards on Tuesday dairy and store stock were yarded in full numbers and sold at late rates. Beef was yarded in full quantities, the' quality being good, but mostly light weights. Competition was keen, oxen selling to 23s per 1001b, cow 16s to 19s. Steers sold at from £7 10s to £11 12s 6d;. cows, £4 10s to £8. Dairy cows sold at >.from £4 to £7; empty do., £2 13s to £3 53; calves, 15s to £1 6s. A draft of 20 steers from F. W. Maiming, Paparata, averaged £10 2s 6d. Sheep- The. Newmarket Yards were well tilled on Tuesdav and sold at advanced rates, wethers selling at 'from £1 to £1 7s 6d; ewes. 18s .6d to £13* 6d: hoggets. 175.6 d to £1 5s 3d,: store sheep, wethers 193 9d, ewes 16s 9d. . A draft of 120 wethers averaged £1 6s 9d. • . Pigs: Porkers sold at from £1 7s to £2 IBs, weaners, 8s 3d to 14s. ' .. We submitted an extra large catalogue of hides, skins, and tallow on Tuesday, all lines being keenly competed for. * - Hides: Market firm. We quote: Prime ox, 8W to Bid ; extra stout do.. 7gd to 8d; stout do., 6i to 7d: medium do., old to Wd; light do., Skd to 5Jd; cW, best lines Sid to 52d. good 52d to 5Jd: kips, 5Jd to 6d; stags', o2d to 4^d; calfShe'eptkins° Market firm. Best butchers' skins, large 6s to 7s, medium 4s 9d to f ss 6d, small os ' M TaHow :*B«t mixed, up to_23s; good, 20s to '3d; seconds, 18s to 19s od; rough Jut, l_,d per lb. Cowtails, Is 6d dozen. Horsehair, Is Id to Is 6d. ' Horns': Urge,' 15s to 20s 6cl; medium, 7s 6d to lis: small, 2s 6d to 5s 6d. • Land- The demand for good farms continues strong, and inquiries are numerous. During^ the week we have sold Captain A. Crawford s farm of 478 acres at Tuakatt to Mr. Alfred llills, of MU Sunplies are short and the market has I advanced to' 3s 7d on wharf for wholesale lines. Oats are in good demand at 2a lOd ex store. j Potatoes: Supplies are short and the. market is firm at £11 15a to £12 ex store. Chaff Supplies have fallen off considerably and the market is firm at £4 15s at rail and £5 to ßuH«:?ritne r separator selling freely at 101 d. Cheese- Prime factory finds ready sale at tya. Gum is selling very freely at last wee c's prices. Stocks., held locally are. very light.

WAIKATO SALES. v . Messr*. McNicol and Co. report:— At Hamilton on Thursday we yarded MO head of well-bred cattle. -There was a fair »*.«»«««* of buvera. Beef, being required, met with a ready 'sale, prices being slightly better than last gale. Store cattle were wanted, jß nd sold readily at improved 5 prices; 136 yarded WeU-tottened bullocks, .£8 to £9 ss: smaller etceiiu £7_2i M to £7 17« 6d; heavy cows £6 to £o 17« M. lighter-weight cows and heifers, £o to « l'»< two and two and u-luilt year steers £3 12e to £4 Is; 18 months steers, £2 8s 6d to £3 2S. yearling steers, 30s 6d to £2; good calves, 26a to 325; two and a-half and three-year heifers, ,m calf £3 7a to £3 19s; two-year empty heifers, £3. stove cow*, £2 15s; choice dairv cow«. £6 to £7 15s- light draught gelding. £2o 10s. One thousand three hundred and thirteen sheep yarded met with a ready sale. Heavy tot wethers, &-other*. 18-- bd to 21a; hogged. 15s 3d to 14s 9d-' cull hoggets, 7a; sound-mouthed ewes, in lamb, 18s to 21s; others, 12s. ';.•;- 'Hie 200 acres advertised on account of the Waipa Countv Council were eagerly competed for being sold at £2 per acre. We also report wing sold 235 acres of Richmond Suburb fcs-