COMMERCIAL.

New Zealand Herald, Volume XLIII, Issue 13285, 18 September 1906, Page 3

COMMERCIAL.

New Zealand Herald Office,

Monday evening. With the exception of one or two of the leading mining stocks, in which there were free transactions, business opened rather quietly for the week on the sharemarket today. In investment lines Now Zealand Insurances sold at £3 17s and £3 "17s 6d, and more wore wanted at £3 16s 6d, late sellers holding for £3 18s. Auckland Gas changed hands at £14- 12a 6d, and more could have been placed at £14 lis 6d, no declared late sellers. In mining Waihis were done at £9 18s 6d and £9 19s, and more were available at £9 19s, lato buyers offering £9 17s 6d. Waiotahis were dealt in from 33s to 31s 9d, and closed a shade easier than on Saturday, sellers being at 31s 9d and buyers at 31s 6d. Talismans sold from 30s 9d to 31s to 30s 6d to 30s 9d, and closed a bit weaker, late sellers asking 30s 6d and buyers offering 30s 3d. New May Queens sold at 3s Id, late sellers 3s ?.d, buyers 3s Id. New Monowais were a point firmer, transactions taking place at 7d, late sellers asked Bd, buyers offered 6id. Southern Queens (contributing) sold at 7d, late sellers Bd, buyers 6jd. Golden Belts (paid) sold at 2s 7d, late sellers 2s Bd, buyers 2s 7d. Waihi Extenders sold at 4s lid and 4s 9d. and were rather easier in the afternoon than on Saturday, late sellers quoting 4s lOd and buyers 4s Bd. Messrs. S. Cochrane and Son sold by auction at their mart, Queen-street, to-day, at the annual rental of £5 per annum, tho lease of a property in Chancery Lane, City, which has to run until April 28, 1947. Tho projierty has a frontage of 31 links with a depth of 93 links. An allotment in Park Road, 75 links frontage, and two cottages, realised £505. A quarter-acre allotment and a cottage of six rooms and outbuildings at Mercer brought £100. GROCERS' MARKET QUOTATIONS. Tho following are tho quotations for butter and eggs for tho week ending September f 22, as arranged by tho Dairy Produce Committee: Factory butter, Is per lb; farmersbutter, 8d ;J separator butter, Bd. Eggs, £d per dozen.3 ■ •/ <• AUCKLAND STOCK EXCHANGE. The following are Monday's cloc'-jg prices, the business done being New Zealand Insurance, £3 17s, £3 17s 6d ; Auckland Gas, £14 12s 6d; Waihi, £9 18a 6d, £9 19s; Waiotalii, 335, 32s 6d, 32s 3d, 325, 31a' 9d; Talisman Consolidated, 30s 9d, 31s, 30s 9d, 30s 6d, 30s 9d; New May Queen. 3s Id ; New Honowai,J7d ; Southern Queen (contributing), 7d; Golden Belt (paid), 2s 7d; Waihi-Extended,

H. ]». HtTDi.ESTOX. Secretary. 0 A noTTT.B. Chairman. 3.15 p.m., September 17. 1906. CAM, AMP DIVIDEND LIST Dividends Bank of Australasia 2 8 0 Oct. ft Calls Mahara Royal, August 27 ... 0 0 1 Now Comstock United, August 22 ... 0 0 2 Now New Motiowai, August 27 ... 0 0 1 Now (Joldeu Belt, August 20 ... ... 0 0 1 Now New Moaiintaiari, August. 20 ... 0 0 OA Now New Dart, September 17 ... 0 0 1 Sept. 29 Golden licit, September 17 ... 0 0 1 Out. 17 HIGH COMMISSIONER'S MARKET CABLEGRAM. [BY TELEGRAPH.—PRESS ASSOCIATION*.] Wellington. Monday. The Department of Industries and Commerce has received the following cablegram from the High Commissioner, dated London, September - 15:— There has been more inclination to purchase muttou during the past week. Stocks on hand are be,ivy, but the market is firm in anticipatkm of smaller supplies arriving Canterbury imitftm is quoted at sgd; . North Island, 3gd. The lamb market is firm, with ;i hardening tendency. Stocks have been reduced. Light-weight Canterbury Jamb is extremely scarce at 4Jd. The average price of other than Canterbury brands is 4jjd. Stocks of New Zealand beef on hand are light and there is a much better demand. Hindquarters are quoted at. 3gd. The butter market is lirm, with a. large demand for better grades. During August 2442 boxes of New Zealand butter arrived. Choice New Zealand makes are quoted at 115s; Danish, 1235; Canadian, 114s per cwt. The cheese market is quiet-, with a tendency in favour of buyers. A good deal of cheese now arriving is held in store. Canadian makes are quoted at 61s per cwt. The hemp market is quiet and but little business! is being done. A good feeling, however, prevails and prices have torn unchanged since last week's report. ■ The cocksfoot seed market is quiet. Bright, seed is scarce; 161b clean-dressed lota are worth 45s per cwt. tlio wool market, is firm for immediate delivery but weaker for future deliveries. Current prices for Bradford tops are as follows Thirty-sixes, low crossbreds, Is 4Jd ; forties do., Is 5Jd ; fortyfours, medium do.. Is bid: fifties, halfbreds. Is 10id; fifty-sixes, qtiarter-breda, ' 2s; sixties, merinos, 2s 2id. WELLINGTON FRUIT AND PRODUCE MARKET. « [BY TELEGRAPH. OW.V CORRESPONDENT.] Wellington, Monday. Active business generally characterised the sales ' : during the week and the prospects are excellent t'i'' ' for all fines. With the favourable spring season- !■ able products are showing well. Choice dessert, apples are realising from 9s to lis and cookers f' from 7s to tin per ease. Tasmania is exporting drily lightly to Wellington and extreme prices v: are ruling.' Only a light shipment, of bananas ' V is due here on " Thursday from Fiji and high titles are bound to rule. San Francisco apples - ' and pears arriving to-morrow- are badly needed, , m the market, is bare. A fairly large quantity ' of potatoes and onions are also due, and as the tyfyfs quality should be first-class satisfactory rates should be obtained. Local potatoes are worth , frain 10s to lis per cwt and onions Bs, to 8s 6d "' v -' " ' P'.'r cwt. Rhubarb and tomatoes have a strong demand, the former realising from 9s to 12s per »•; , , down bundles and tomatoes from Is to Is 6d per Is*' 'b for hothouse-grown. Asparagus realised from C, 10<1 to Is 2d per bundle and cucumbers 6d to ' f , 10d each. New potatoes would command from ra| 2d to 3d per, lb for choice an d French beans 4d " - per lb. Other vegetables are ill fair to 0 "" de- ; mand. Fresh eggs are firmer to-day.-at lid to !>s, ?-■ JUd per dozen; butter, lOd to Had per lb, houey, bulk, Is 2d per lb, 4 wmk\. '

NEW ZEALAND PRODUCE IN LONDON. [FROM OCR OWJT CORRESPONDENT.] . . . v London, August 11, WOOL. Messrs. Weddel write to say that nine© the dosing of the last wool sales there has been a certain demand tor merinos, as well as for crossbreds, on this market, and sales have been effected at values which have marked some improvement on the closing rate* of the auctions. Buyers' limits, however, have not shown such elasticity*, and the inquiries have proved to be in excess of the actual transactions. There is in all centres of the industry a general disposition shown to mark time, and as, for the moment, there is no very special call on the moderate supplies at present in the hands of the trade buying operations have been reduced, to the very smallest dimensions. At the same time holder.-, and especially those of greasy wools, are in no wot attempting to force sales. Continental futures have been showing some fluctuations recently, and. art bearing out the contention that the recent fall in prices of the raw material has been overdoue, it is worthy of note that distant quotations are oil the upgrade 'again. The New Zealand Loan and Mercantile Agency Company say that the position of . the wool market 'has shown no material alteration since the close of the last sales. There has been some inquiry for bought-in lot* and some sales have taken' place at an advance on the prices previously bid. The violent fluctuations of the Continental tonne markets, however, and uneasiness iu financial circles consequent upon the disturbed state of affairs in Russia, have of late tended to shake confidence in the outlook, with the result that a quiet feeling for the time being prevails in the manufacturing centres of the industry here and on the Continent, but reports from the United States are more favourable. Tilings have been quiet in the, wool market, and. although immediately subsequent to the finish of the recent auctions a very fair amount of inquiry was received, yet sales (write the National Mortgage and Agency Company) .have proved hard to effect, and the transactions have not reached big figures. Reports from other home centres, as well as from the Continent, all indicate a somewhat similar state of affairs. Buyers and holders are both waiting quietly for something to turn up. At present confidence in the future of wool is somewhat shaken as a result of the setback experienced recently in nearly oil classes of the produce, but sellers still hold that the present trade situation is really exceedingly sound, and that a very little more life in the "trade would bring users into the market again. ' . . NEW ZEALAND MEAT. It is remarked by the New Zealand Loan and Mercantile Agency Company that a very slow trade has been experienced for New Zealand mutton, the principal inquiry being for light careases averaging 521b, but carcases weighing 6411> .and over are to a great extent neglected. Prices have been fairly well maintained, but for secondary description's they are slightly easier. With supplies more than sufficient to meet a slight falling off in the demand, prices for New Zealand lamb have declined id per lb. Offerings of New Zealand beef have been plentiful and have met a fairly good demand, but while hindquarters are slightly firmer forequarters rule lower. .Messrs. Weddel report the arrival of 100.000 carcases of New Zealand mutton during the last fortnight. The demand continues to be very slow, and present supplies are more than sufficient for current requirements. In these circumstances it is so far satisfactory that there has been no reduction in values, although the market da-lea weak. Arrivals of lambs show a marked falling off, totalling only 125,000 carcases from New Zealand and 2000 carcases from the River Plato during the last fortnight. Messrs. Weddel say there is now less inquiry at Smithfield, but there is an increasing demand from the provinces and the seaside towns now that the holiday season is at its height. This transference of the trade from London to the country is responsible for an expansion in the rate of sale of small lambs, and a corresponding reduction in the case of both large lamia and legs. GRAIN. Stocks of New Zealand wheat are exhausted; for New Zealand oats a quiet market, at about late rates, is reported by Messrs. Weddel. The market for New Zealand "beans is still firm at the quotations of 54s 6d to 35s 6d per 5041b. The New Zealand Loan and Mercantile Agency Company state that there is a fair demand for oats, but that prices for the common qualities favour buyers; New Zealand sparrowbills are quoted at. 22s 6d to 23s per 3241b; finest at 24s to 24s 6d, and Danish at 19s to 19s 6d per 3201b. Beans are firm, and peas are nominally unchanged. There is very little inquiry for cocksfoot, and no • transactions are reported. America is offering recleaned seed at 48s per cwt c.i.f., and this has a weakening effect on the market for the colonial seed ; 191b medium seed is quoted at 49s nominally, 181b medium at 47s and 47s 9d nominally, and 171b medium seed 46s to 46s 9d nominally, per cwt, c.i.f. < NEW ZEALAND FLAX. , In sympathy with the weakness in Manila, the market lias been quiet for New Zealand flax, and the New Zealand Loan and Mercantile Agency Co. report that prices have fallen 10s to 15s per ton, with only a limited business passing at the decline. Good fair spot is quoted at £34 ss; July-August, £34 ss: October-December, £34 ss: fair spot, £32 ss, and October-December £32; fair current Manila, July-September, £43. Towis in fair demand at £12 5s per ton, e.i.f. The National Mortgage and Agency Company speak of a decline of 15s to 20s per ton on New Zealand flax, in sympathy with Manila: at the decline only a limited business has been transacted. The tone at the close is very steady, with buyers at £34 and £321 for good' fair aiid fair respectively for this year's shipment. The sales amount to about 400 tons. Spot and near good fair. £33 10s to £34; , fair, £31 15s to £32: -July-September,,-.i to October-December, good fair, £34; fair, £31 to £32. SKINS. I hear from the National Mortgage and Agency Company that there has not been much inquiry for hides, although prices remain nominally unchanged. About 500 horse hides were offered at the last auctions, and all were sold. Best, at 14s 6d.to 17s; seconds and small, 6s 7jd to 13s 6d ; and thirds, 6s 7£d to 6s 9d per hide. Private transactions are again the principal feature of the leather market, and prices remain firm. There has been a good demand for basils at firm rates. Supplies of pelts are still coming forward freely, but- the season is now getting well advanced, and before long the arrivals will show a marked falling off. The market is firm, but rather quiet in consequence of the high prices ruling. The probability is that the usual autumn demand from the"United States will soon be experienced, and this will give London an active market again. Quotations are unchanged. In the absence of sales there is nothing of interest to note with regard to rabbitskiiu. TALLOW. There has been only one sale of tallow during the past two weeks. Messrs. Weddel write that mutton tallow lias been a little dull of sale, but there is now an improved demand for the small quantity available. Mixed sorts and low qualities continue in strong demand at full prices, end as Premier Jus is scarce on the spot and wanted, there is now every possibility of line New Zealand mutton being in better demand, this article having had a slow sale for some months past. Home melt is not too plentiful, while the edible qualities are decidedly scarce. In South American there is little offering from the River Plate, but the earlier positions are attracting more attention than usual. The prices paid fur beef and mutton are respectively 29s 9d to 30s 3d c.i.f. London or Liverpool, hut for afloat, parcels and early shipment sellers now ask 3d to 6d per cwt .'"ore money, which at present is not available. The tallow market has been firm throughout the month at about unchanged rates, but, with a tendency to slightly firmer values where any alteration has taken place. WAIHOU SALE. Messrs. McXicol and Co. report :-At Waihou on onn i" i° A " we had a hill yarding of cattle, the 900 head penned being - made up ° f 60 head beef! /00 stores, pnd 100 springers. There wis « „„„,i attendance „f buyers and a Rood inquiry for all •lasses The beef , pens were filled with a better lint of attic than we have had at Waihou for some time and met, with a readv sale at price* fully up to ,'sr ruling at "■"«>." 1 Fat to*£7* 1? 6H* V t0 . £9 . 25; lighter weights," £6 5s fid f, Tfi ii ' heavy fat '' OWB a,Ki »«eifets, £5 12s 6d to £6 lis, lighter 'weights, £3 10 to £4 ISstwo and a-half year steers, £4 n s • 18 ra ■sw&wsi snsa 4To fiTas was* sna kt i .to £4; heifers, £3 15s to £6. Accord ini f, quality: hoggets 16s 8d; pigs, slips 16s to2l" weatiers as to 14s. - LONDON. By Telegraph—Press Association—Copyright, London, September 16. 1 rozen meat: Sheep-North Wand, 3id to 33d Lamb-Can crbury light 4|d, medium and heavy a Southland and North Island, 44d. New '/p>, land beef IROlb to. 2201b, fair average quabtv r»SR aswr+ *'• uiv " """ Rabbits: There is a steady trade and it is improving. Australian, large, 12s 6d to 14s per crate.

sh"m!^i, A £slof at,y ' ° CtolW and JTszo'it" 11 sl,ade e!,sier " i° uth Spa shipTin: Spot, £IR3; three month*, £182 Lead, £18 ss.

4s lid, 4* 9d. Sellers Buyers, * «. d. £ ». d. BANKS— New Zealand 8 17 6 8 16 0 National ... 5 12 6 5 9 6 INSURANCE— New Zealand 3 IS 0 3 16 6 New Zealand, new issue... 3 16 9 ' V — National ... ... .. i 5 0 1-4 3 South British ,... 5 15 0 5 13 0 Standard ... . , 1 0 10 0 FINANCIAL— National Mort. and Agency — 2 18 0 N.Z. and River Tlnte ... — 19 6 COAL— Hikurangi ... ... ... . — , 0 16 0 Nort. Coal, 10s"paid ... — 0 14 6 Nort. Coal. 7s 6it paid ... 0 14 3 ' 0 14 0 Taupiri Mines, Limited... 110 10 3 . Westport ... , — 6 13 0 Drury Coal ,,-086 — ' GAS- ; . , Auckland - 14 11 6 Thames , ... ... 1 18 0 — Gisborue — 2 9 0 SHIPPING— Northern Steam, paid up.. 0 17 6 ' 0 17 0 Northern Steam, con. ... 0 8 0 0 7 10 Devonport Steam Ferry... 1 17 0 , — TIMBER- \ Kauri Timber, paid up... 0 16 9 0 16 3 Kauri, contributing ... 0 5 0 0 4 10 y Leylaud-O'Brien Co., Ltd. — 2 4 3 MISCELLANEOUS— D.S.C., Limited ... ... 0 8 0 0 7 6 Hill and Plummer, Ltd... 12 0 10 6 H.M. Arcade Co.. pref. I 1 0 — Milne' and Choyce, pref. 12 6 — Milne and Choyue, old... 110 ... — New Zealand Drug, £?. ... — '. ' 2' 8 9 * ' " N.Z. Portland Cement Co. ,117 0 ' — ' New Zealand Portland Cement Co., new issue ... — 17 0 Northern "Boot — 0 9 9 N.Z.' Paper Mills . v — 12 6 Union UU ... i- 1 1 0 — MINING— Kuranui » 0 0 9J — Kuranui-Caledoninn ... 0 2 1 0 1 11 May Queen Extended ... 0 0 10 0 0 8$ New Dart 0 0 7£ 0 0 5J New -May Queen 0 3 2 0 3 1 New Moanataiari ....... 0 16 ,014 New Mouowai ... ... 0 0 8 0 0 6£ New Occidental i„ 0 0 6 — New Una ... - ., 0 0 3 — New Saxon 009 0 0 7 J Old Alburnia » . ..0 2 4 0 2 1 Southern Queen, 6d paid 0 0 8J 0 0 7j Southern Queen, con ... 0 0 8 0 0 6{ s Thames ... 0 0 11 0 0 7£ Trafalgar 0 0 4 , — . Vanguard 0 0 4 0 0 3 Victoria ... ... ... 0 10 — ' Waiotahi ... Ill 9 : 111,6 Waitangi, 6d paid ■, -0 *1 4 0 -12 Waitangi, contributing ... 0 1 2 0 11 Bunker's Hill 0 0 10 0 0 7 ' New Four-in-Hand ... 0 1 0 — f" : . Champion, paid up .0 2 0 — Champion, contributing ... 0 1 4 0 11 Crown ... ... ... 0 4 9 0 4 5 Golden Belt, paid ... 0 2 8 0' 2 7 Golden Belt, contributing 0 2 4 0 2 0 Kirikiri, contributing ... 0 0 6 — ' Koinata Reefs ... ... 0 2 5 0 2 2 Maoriland. contributing... 0 11 0 0 10 • Pride of Waihi — 0 0 6 Tairua Broken Hills ... 0 2 1 0 1 11 Talisman Consolidated ... 1 10 6 1 10 3 Waihi 9 19 0 9-17 6 Waihi Beach 0 0 10 0 0 8 l Waihi Consolidated — 0 18 Waihi Extended 0 4 10 0 4 8 Waihi Grand Junction ... 2 18 0 — , Sunbeam Gold and Silver — 0 0 7}