COMMERCIAL.

New Zealand Herald, Volume XLIII, Issue 13354, 7 December 1906, Page 3

COMMERCIAL.

New Zealand Herald Office.

Thursday evening. A GOOD volume of -business lias been transacted ,on, the Auckland Stock- Exchange* during'. the past week. In investment linos Bank of Now Zealands sold at. £8 19s. and more are wanted at £8 19s, no declared filers. Nationals arc offered at £5 12s, buyers £5 9s 6d. For National, now issue, sellers ask £5 9s 6d, and there are buyers at £5 6-. Insurances continue in fair demand. New Zealands sold at £4 and £4 0> 6d, and closed with sellers at £4 la and buyers at £4. New Zealand new issue arc offered at £3 19s. South British sold at £5 7s 6(1 and £5 8s 6d, and closed with seller.- at £5 10s. There are, firm buyers of Nationals at 24s 9d ; sellers ask 25s 6d. Standards sold at 20s 3d. and there are sellers at 20s t>d and buyers at 20-. In coals Hikurangis told at 17s. Northerns (10s paid) arc firmer, with buyers at 15s 9d. Tanpiris sold at 20s 9d; more are wanted at 20a 6d, sellers 20s 9d. Sellers of Druryask6s. Auckland Car, sold at- £15, ami more are wanted at. £14 18s. There are t sellers of Thames Gas.at 29.-. Gisbornes sold at £2 14s. Buyers, of Napier Gas offer £25. In shipping Northern Steamship (paid up) sold at 16s 9d and 17:-; more- are wanted at 169d, sellers 17-. Buyer- of contributing Northerns offer 7s 9d. Devonport Fcrrysold at £1 14s 6d and £1 15s; there arc further sellers at £1 15- 6d, buyers £1 14s. There are buyers of New Zealand Shipping at £5 45.. In timbers Kauri (contributing) sold at 5- 2d t'cuindiv.); more could bo placed at 5s 2d, sellers demanding 5s ad. Leyland and O'Brien sold at £2 4s 6<l, and more are asked for at £2 4s. sellers holding for £2 ss. There arc buyers of Parker-Lambs' at 255. Auckland Tramways sold at £11 12-. 6d ; further sellers ask £11 12s 6d, buyers offering fill 11.- 6d. D.S.C.'s sold at 7s 7d and 7s Bd. N.Z. Portland Cements sold at £2 0s 6cl and £2 Is, and there are more on offer at £2 Is id. buyers quoting £2 0s 6d. Wilsoals (prof.) are wanted at 245, .sellers demanding 24s 6.1. There are buyers of N.Z. Paper Mills at 22s 3d. In mining there have been free sales in several stocks. Waiotahis sold from 28s 9d to 31s to 30s (cum dividend), and closed with sellers at 28s 9d and buyers at 28s 3d (ex dividend). Waitangis ha-ve changed hands freely, 6d paid selling from 4.< lOd to 5s to 4s 8d to 4s 9d to 4s 6il, and contributing from 4s 9d to 4s 4d to 4s lid to4s 3d to 4s 4d. Bonanzas lf>l paid) sold at ll|d, lid, and 10jd. Contributing- Bonanzas sold at BJ.d and 7id. May Queens sold from 2s 7d to 2s lid to 2s lOd: Kuranui-Calcdonians at 1- 3d and Is 4d; New Monowais at Hid, Is, and lid; Old Albumios at 2s and 2s Id; Southern Queens (6d paid) at Bd, Bjd, and 9d, and contributing at- Bd, 7£d, B£d, and 9d ; New Occidentals at 2d and 3d; Halcyons (contributing) at 3d. In Upper Thames Waihis sold at £9 (cum-dividend), and from £8 17s 6d to £8 15s od to £8 16s 6d (ex div.), closing with tellers at £8 17s 6d and buyers it £8 15s 6d. Talismans sold from 31s to 32s 3d.'' Crowns .-old from 5s 6d to 4s 9d. Waihi Extended?, sold at 5s Id. Waihi Grand .Junctions sold at £2 13s and £2 15s. Waihi Consolidated? sold at Is lid: Auckland? at and 6Jd; Rising Suns at 6£d and 6d-. Sunbeams at Sid; Old Haurakis at 6£.d; Koniata Reefs sold at 2s. The volume of business is still keeping up, and retail grocers are experiencing a very busy time, which is likely to be maintained now right up to Christmas, The non-ar-rival of the mailboat is causing a shortage of several every-day lines. Salmon is very high, and there is no possibility of prices coming back. This ougnt to cause inquiries to bo made? for the locallycanned mullet. Canned asparagus is now being considered, and orders are already being placed, as the supply, it is generally expected, will not be up to that of previous years, owing to the tracts being •under Water for such a lengtn of time.

Rape seed is firmer. Sultanas: Cables from Smyrna show prices ' so high in first hands that, those who bought early are considerably underselling them and , than at a good profit. Sago and Tapioca: The stocks in these lines are very light, and cannot be replenished until the Aparima arrives early in January. Fruit: The Atua has arrived from Syci- '" •ney, Fiji, Samoa, and the Tongan Group, and brought from the latter place a fairsized cargo of bananas, pines, and a few ■■■ oranges, all of which carne to hand in good *.•„ condition, and met with a bri.-ik demand, * the market being rather bare. Potatoes: Local new season's tiro now reaching the market in increased quantities, and selling freely. The Sydney steamer on Monday is expected to bring a good ship- ' ment, but the demand for Australian-grown "is likely to cease very -'shortly. What are corning forward, although bought at a lower cost, are not expected to lower the price to any extent next week, as. the market will be very bare by then. The Buoen- .. taur is reported at Suva, and should reach here next week. She has a part cargo of Canadian Burbanks for here, which, if the condition is good, will sell readily for seed purposes. Onions: Advices are to hand that a good shipment is coming from ■ Sydney by the :Mokoia next Monday, which will arrive to a very bare market, as stocks are running very light already. Although invoiced at. a lower cost, prices are not expected to alter to' any great extent, as the demand is certain to be keen. ... Gate: The weakness lately experienced ill this market was duo largely to a few consignments, ex Wanaka being forced on the market and sold below cost, but the tone is now slightly better, and as stocks are decreasing prices are likely to remain firm, especially as Southern advices notify that. '-■* their market, is firm with a fair amount of business done during the week. Fowl wheat has eased slightly, with in- . > quiry not so good, but prices in the South are firm, with a good demand. Majze: Tie arrivals from the coast this ■ week are onjy 164 sacks, ex Mangapapa, and 19 ex Aupouri. The quality is not at all prime, and having to compete with tile Island product, imported via Sydney, which 5 can now be landed to sell at 3s 2d, and is a very prime sample, the price of the coastal , : has" been reduced to 5s ex wharf for wholesale parcels. Chaff is slightly easier, hut there is rather a better demand. Although the new . will-soon be on the market, the old will be wanted for some time to come. Hides: Quite sufficient have been offered at late sales to . meet the demand. Values have not changed to any great extent, but there is a weakening tendency. Pelts are not in excessive supply, prices remaining verv firm. , . . Tallow: There is no change in values to report since our last: a fair quantity is coming forward. Milling Wheat: South reports very little change. The local demand continues steady, but the tone of the market is inclined to he weaker. Stocks held locally are ample for all demands for the time being. Fungus remains unchanged, no, further drop having taken place.' Leather is still riding high. A conference of the principal tanners of the colony is expected to be held during next month at Christchurch. Metals are in such keen demand that "manufacturers in England and America are compelled to advance their prices almost monthly; in fact, no quotations cabled hold good for any period, and in all cases orders cabled are subject to confirmation, .lust . what this means to buyers locally docs not , appear to be thoroughly appreciated, and we flight mention that there is no Mich thing as placing an order at last price quoted. American wire nails are advised as advancing 10s per in. Steel hoop and bar iron and steel are aisc. advised at further advances. Seeing that the price of pig iron has steadily advanced to the figures that we have already quoted, these advances were anticipated (and we trust readers of these columns have followed the forecasts.) Flax: The supplies for the last week totalled 1747 bale-, equal to 525 tons, which is a record receipt for any w<»ek since flax has had to pass through the hands of the Go- '.' vernment grader. The quality of late arrivals lias been somewhat better, but there is ample room for more improvement, ami considering the price being offered for g.f.a q. the wonder is that millers do not make an extra effort to obtain the higher grade mark. The market shows no signs of change. Tow is selling freely, is coming to hand in good quantities, and realising a very payable price. Tea: The London statistics lcr October •■'.-' show a most satisfactory state of trade, the total delivery or Indian and Ceylon teas being some 3,000,0001b letter than in October, 1905. From January 1, 238,170,0001b of Bri-tish-grown tea have been delivered from _ london warehouse-, as against 214,560,0001b v. , in the corresponding period of 1905. show- ':'■■'■ iug an increase in consumption amounting to •:/:.; some 2*,000,0001b. t ■■'■ Kauri Cum: Ninety-one tons for s<x days of December have reached this :' V' market. There is very little change ". •• to ' report about any of the classes \ ' ** v . grades. Both pale select and good re- ?>;' scraped continue in demand. Superior ordi- ;;.;■ nary, if well scraped and free from weak, ;i '**• commanding tall prices. Medium ordis ' nary doe*- nut move off very quickly: washed nuts, if sieved, are salable. East Coa.-t is not eagerly sought after, but shippers are

willing to operate at a slight reduction in price. Black: The better qualities are moving off on arrival, i but mixed parcels are liaiigina: fire. Medium is not sought after but nuts, if not too dusty, find buvers at a lower cost. Bush remains unchanged. Chips and Dust: Ordinary chips and dust continue, to accumulate, but black riddlings will sell if lower prices are accepted. Black seedy dust is wanted. AUCKLAND STOCK EXCHANGE. The following are Thursday's doling price*, the business done being:—Bank .of New Zealand, £8 19s: Hikurangi Coal, 17s; Gisborne Gas, £1 4*; Waihi, £8 16s 6<l: Talisman Consolidated, 3?s 3d' 32a 6«; Waihi Extended, 5«; WaiUngi (6d paid), 4s 6d, 4,. 6d, 4s sd, 4s sd, 4s 6d ; Waitangi (contributing), 4, 3d, 4s 4d; Bonanza (contributing), 7 i d "• New May Queen, 2* lOd ; New Monowai, lid • New Occidental, 2d, 2.'d, 3d; New Sylvia, Sid; Old Alburiiia, 2s Id; .Southern Queen (6d paid), 9d. 10(1 ; Southern Queen (contributing), B£d, 9UI: Auckland, 6|d; Komata Keefs, 2s. £ ». d. £ ». d. HANKS- * elle -*' *nytn. New Zealand „, _ 819 0 1 '!""» =, , 2 1) 5 i, 6 National, new i**,.- ... 5 9 6 5 6 0 INSURANCE— New Zealand ...... 4 10 400 .\ev. Zealand, new issue... 3 19 0 _ £' l ft no i . . ; .16 6 14 9 South British ... . 510 0 - Standard '.'.'. 1 0 6 10 0 IXXX CIA L— X.Z. ami River Plate ... 1 10 6 — COAI N'ort. Coal, Ltd.. 10* paid _ 0 r. 9 Taiipiri Mine-. Ltd. ... 1 0.9 10 6 Ormy --: 0 6 0 — GAS— Alicklttud _ ij IS 0 nianiM ... 1 19 0 _ . "wborne 2 15 0 2 13 0 Napier _. 25 0 0 SHIPPING— New Zealand _ 5 5 0 Northern steam. paid up 0 17 0 0 16 9 Northern, contributing ... 0 8 0 0 7 9 t. Devon port Steam i'env ... I In 6 1 11 0 TIMftKl! Kami, paid up 0 18 0 — Kauri, contributing ... 0 5 5 0 5 2 faylaud-O'Urien, i.id ... i '~ 0 / 4 0 Parker-Lamb, Ltd. ... _ i a o WOOLLEN— K»*apoi _ 5 5 0 MISCELLANEOUS— Auckland Tramway*. Co. 11 12 0 II 11 6 D.S.C., Limited '... ..079 076 Grey and Menziei>, Ltd. _ 0 6 6 mil and Pluinmer, Ltd... 12 0 10 0 Milne and Clioyce, pref... 12 6. 1 '.' 0 N.Z. Portland Cement Co. 2 16 2 0 6 Northern Boot _ 0 10 6 New Zealand Paper Mills _ 12 1 Union Oil ... 110 019 6 Wilson and Co., pref. ..146 140 MINING— Bonanza, paid ... ... 0 0 111 Bonanza, contributing' .00?, 007 Halcyon, contributing .00 s', — Knronui • _ 0 0 4 Kuranm-Caledoniau ... 0 1 5 0 14 Magnet! contributing ... 0 0 3£ May Queen Extended ... 0 1 2' 0 0 111 New Dart ... ... ... 0 061 00 6 New May Queen ' 0 2 10" 0 2 9 New Moanatainri 0 14 — Now Monowai ... ... 0 011 0 0 10! New Occidental 0 0 3 00 2J New Saxon .. .. 0 0 10 0 0 8; New Sylvia 0 0 54 I) I) i\ Old A'bin 0 2 3" 0 2 0 Southern Queen, fed paid 0 0 10 0 0• 9J Southern Queen, coil ... 0 0 9 0 0 S\ Thame* .. ... ... 0 0 10 0 0 8" Victoria 0 0 10 0 0 7 Waiotalii 18 9 18 3 Waitongi, 6d paid ... 0 4 7 .044 Waitangi. contributing ... 0 4 5 0 4 3 Bunker's Hill 0 0 9 0 0 6} Hauraki Freehold ... 0 0 6 - — ■ Old Hauwki 0 0 7 _ Auckland ... 0 0 7 0 O 6A Crown 0 4 10 0 4 7" Golden Belt, paid ... 0 2 3 0 2 2 1 Golden Belt, .contributing 0 2 0 0 18 Kiiikiii. contributing ... 0 0 9', 0 0 7 1 Komata Reefs ... ...0 2 1" 0 2 0 Maoriland, paid .010 — Maoriland. contributing... 0 0 10£ New Maratoto — 0 0 3 Pride of Waihi 0 0 9 0 0 7 Rising Sun 0 0 8 0 0 6 . Tairua Broken Hills ... 0 1 6 0 14 Talisman Consolidated ... 1 12 9 1 12 6 Waihi 8 17 6 8 15 6 . Waihi Beach 0 0 10 0 0 8i Waihi Extended 0 ft 1 0 4 11" Waihi Grand Junction ... 216 0 2 12 6 Sunbeam Gold and Silver — 0 0 7;. H. P. HCDLKSTOtf, Secretary; G. A. BuTTr.B, Chairman. 3.15 p.m., December 6. 1906. CALL AND DIVIDEND LIST. Dividends. Waihi 0 3 0 Now Kauri Timber Co. — Dec. 10 Mineral*! Z\ p. c . Dec. 10 Mount Lyell Mining and Railway 0 3 3 Dec. 15 Call* New Dart. November 26 ... ... 0 0 1 Now Wailii Extended, November 6 ... 0 0 2 Dec. 12 May Queen Extended, Dec. 4 ... 0 0 1 Dec. 12 New Moanataiari, November 27... 0 0 04 Dec. 13 Waihi Beach, November 29 ... 0 0 l" Dec. 15 MATAWIIERO. The New Zealand Loan and Mercantile Agency Company, Limited, report on stock sale held at Matawhero on Thursday. November 29 :—Tin; attendance was fair, and a considerable amount of business was put through. Sheep: Our "entry for the most, part comprised ewes and lambs, for which there was a rather restricted demand. Out of an entry of 758 wo sold 402 at following quotations : — Shorn ewes, with about. 90 per cent, of lamb.-. 15s; dry ewes, lis; fat lambs. 12*. Cattle: There was an improved demand, principally for grown bullocks and we 11 bred heifers. Wo yarded 238. and sold 130 at following quotations: Calves, 25s to 32,s 6d ; lb-month steers. £2 to £2 2s 6d; two to 24-year-old steers, £4 12s 6d to £4 15s; three-voar-olds, £5 12s 6d; dairv cows. £3 7s 6d to £7 2s 6d : herd cows. £2 10*: beef cows, light weights, £4 12s 6d to £5; heavier and better finished cows, £5 10s to £6 15s; 18-nionth-old dairy heifers. £3 lis. We sold several draught horses at fair price*. Pigs were in good demand. Baconers brought 37s to, 38s; weancrs. 16s. Our next sale is timed for Thursday. December 6, an interval of one week only. This was- done to fit in with the Christmas holidays, the sale following taking place on December 20. MESSRS. ALFRED BUCKLAND AND SONS' REPORT. Owing to the agricultural show being held on Friday, there was no horse sale at the Haymarket. On Monday, at Puni, we held a clearance sale in the estate of the late David Best. There was a good attendance and everything sold at full values. Tlie cows, which had been milking for some time, made from £3 10s to £4 7s 6d ; small heifers, £?. 7s 6d to £3 2fl 6d : horses, £9 5s to £18; sows. £2 103 to £3; small pigs. 12s. The furniture and sundries brought usual figures. Two of the properties found buyers — Lot 2, £17 per acre: Lot 3, £14 per acre. At Ftemuero on Thursday dairy cattle were plentiful and dull of sale. Stores, penned in usual numbers, sold freely. Fat. and young calves, short of requirements, were better worth, small selling up fo 12s. medium to l£s. others to 255; no heavy penned; 52 yarded. There was hut a moderate yarding of fat cattle, a considerable number being cows. In the early part of the sale prices were up to 24s the 1001b for steers, but fell a.* the sale proceeded to 21s to 235. prices iK-ing irregular. Cow beef. 17s to 20s: 228 sold. The show cattle sold as follows:— Third-prize heavy ox (Mr. Holland's). £14 10s; Kereone Estate's white ox. £14 10s; Mr. George Booth's first-prize three-year steer. £12: Mr. Kelland's second-prize steer, £11 ss: Mr. E. Goodwin's freezers, first and second prize-takers, £11 10s and £10 respectively; Kereone Estate's cow, £9 15s; Mr. Fisher's. £9 12s 6d ; Mr. Swaffield's. £9 ss. Sheep, short, of requirements, sold freely throughout, beat selling from 20s to 23s 6d, lighter weight.* 16s to 19s. Heavy ewen, 19s 9d ; others, 12s to 17s. Lambs also were ill keen demand and ranged in price from lis 9d to 21s. Pit's, plentiful, sold freelv throughout, small selling to Ife, porkem to 355, baconers to £3 3s; 110 sold. Mr. E. Goodwin's prize wethers averaged 24s 3d. Hides, Skins. Tallow, etc. : A similar sale in all lines to last week, with much about the average quantity. Prices unaltered. Wool, in small parcels, sold freely at fully late, figures. MESSRS. C. W. BINNEV AND SONS' REPORT. At our weekly sale we submitted and cleared large catalogues of hides, sheepskins, tallow, etc. Hides: Ox— Extra stout, 7d to 7J,d ; stout, 62d to 7d: medium, 6£d to 6gd : light. 6d to 6gd : wet and scored. 5Jd to 5Jd. Cow—Best lines, 6Jd to 6}d : good. 6d to 6id ; wet. and scored. 5Ad to s>d; slags'. 3id to 4d per lb. Calfskins, 6d to bid ner lb. "Sheepskins: Firm. Large, 7s 6d to 8s 9d ; medium. 5s od to 7s; small, 4s to ss; pelts and lambskins, Is 9d to 2s 3d each. Tallow: Very firm. Best mixed, in shipment casks, to 29s 6d : in small casks and packages, to 28«: good. 25s 6d to 275; medium, 23.-- 6d to 24s od : inferior, 19s to 21s per cwt. Rough fat. lid per lb. Bones, £4 15s per ton. Cowtails, Is Yd per dozen. LONDON. By Telegraph.—Press Association.—Copyright. London, December 5. Iron, 63s 3d. Silver, 2s 7|d per ounce. Wheat : An Australian cargo has been soli! at 30s 6.1. The American visible supply of wheat is 76.000,000 bushels. At the tallow sales 1819 casks were offered and 29 oddments sold. Sellers offered to accept 2s decline, but buyers refused to bid. WOOL. By Telegraph— Association.—Copyright. London, December 5. At the wool hales yesterday there was good competition and prices generally were well maintained. There was some irregularity in the prices of the Ices attractive classes.