COMMERCIAL.

New Zealand Herald, Volume XLIV, Issue 13395, 25 January 1907, Page 3

COMMERCIAL.

New Zealand Herald Office, Thursday evening. A F.Ult amount of business was done on the Auckland Stock Exchange this week, there being numerous buyers in investment stocks. In banks New Zealands sold at £8 las and £9. closing with further buyers at £9, sellers at £9 3s. Nationals sold at £5 7s; there were further buyers at £5 6s, and sellers at £5 Bs. In insurances Now Zealand*, old issue, sold at £4 3s. £4 2s, end £4 3s, closing with further buyers at £4 3s and sellers at £4 ss. New issues sold at £4 and £4 Is. and more are wanted at £4 I'. South British sold at £5 9s and £5 7s 6d. Nationals are wanted at 25s 3d, and Standards at 20s 4d. In coals Northerns sold at 16s 6il, with further .sellers at. lbs 9d. Hikurangis arc offered at 16s 3d. Taupiris sold from 18s 9d to 19s 3d. there being sellers at 19s 6d and buyers at 19s Sellers of Drury ask ss. In gas there are buyers of Auoklnnds at £15 4s, and sellers at. £15 7s 6d. In shipping New Zcalands sold at £6, ami more are wanted at £5 IBs. Northern Steam (contributing) sold at 8s 3d. with sellers at. 8s 3d and buyers at, 8s Id. Sellers of paid-up ask 17s Bd, and there are buyers at 17s 6d. In timbers Kauri (contributing) sold at 4* lid; sellers at 5s 2d and buyers at ss. There tire sellers of paid-up at 16s 9d and buyers at lbs. Leyland O'Briens sold at £2 6s. Parker-Lambs are wanted at 255. Electric Trams are much firmer, with buyers at £11 lbs. and sellers at £12 7s 6d. New Zealand Drugs sold at 49s 6d. Paper Mills sold at 23s 3d. About the usual amount of business wits done in mining stock. In Ohinomuri shares Wuihis sold from £8 18s to £9 3s, closing with buyers at £9 Is and sellers at £9 3-. Waihi Grand .(unctions sold at £2 10s, and more ar.. wanted at £2 10s. sellers £2 15s. Wailii Kxtendeds showed a sharp rise, selling from 5s 4d to 6s 6d to 6s 3d to 6s 4d, late buyers bs 4d and sellers b- sd. Pride of Waihis sold at 8d and B]d. Talismans sold from 32s bd to 325. Crowns sold from 8s 9d to 8s bd to 8s i'd to 8s 3d. New Waitekauris sold at lOd and lid. Tairua Broken Hills sold from 2s bd to 2s fid. In Lower Thames properties Waiotuhis sold from o'is bd to 33s to 32s bd, closing with sellers at 32s 9d. buyers 32s 3d. ■ vVattatigis sold from 4s 9d to 4s 6d. New .May Queens sold at 3> 2d and 3s 3d. and .May Queen Kxtcmtexls at 9d. Kuraniut'atedouiaus sold at Is 4U, and New Darts at ou. In Coromaiulel stocks Old liamakis sold from 10i>d to 10d to lid, and South Kapanga at 2 d. Trade generally is keeping up wonderfully well in town, but we tear ttie effects of the late floods are being severely felt in some country districts. Reports are coming to hand of herds of cows being dry. Cheese and butter will be scarce, and the outputs will be materially decreased. The tiaxmillers will feel the bad effects. Oats crops have been destroyed. Potatoes are developing the blight, and altogether the prospects are by no means so bright as just before the Hood. Currants: Cable advices to-day report an advance of Is per cwt. Hams and bacon are a trifle- easier after the rush of the Christmas trade has been satisfied. Castor Oil: Calcutta cables that the market is firm and prices are likely to rule higher. This is doubtless owing to the fact that the new crop of seed cannot be worked upon in time for shipment, which will be wanted foi March direct steamer. We have heard of quotations that cause a doubt to Ik? entertained re the maintaining of high rates, but these have not been eon lined.

Desiccated Cbcoanut: Prices are higher than they have been for a considerable time, but advices from Ceylon seem to indicate that there is no chance of reaction at present, and it looks as though supplies will be short before shipments resume normal volume.

Figs: An advance in prices is probable in view of Smyrna stocks being practically exhausted.

Cornflour: Feeling' seems to be that no great surprise would be felt if manufacturers notified an advance at aJi early date in view of the advance in price for raw material.

Haricot beans remain firm at last quotations, and arc meeting with steady demand. Prunes: The French crop having proved to be much shorter than was anticipated, can be looked upon as conclusive evidence that the American market will not longremain at present level, so that those who anticipated low prices throughout the seasou will have cause to regret not having purchased earlier. Mildura Fruit: Present prospects are that the crop of sultanas and raisins is likely to be, a very large one, but it yet remains to be seen what quantity is available for export. The crop of Mildura apricots is not large and any quantity offering will be quickly snapped up. lea: The prices for all grades are still advancing in the Calcutta and Colombo markets, and it looks, as though the present high prices wil l bo maintained for some considerable time. We quote for lowest sound black leaf, 6d.

Maize The Mangapapa from the coast only brought 60 sacks, which has arrived here to a very bare market, and met with ready salo at the increased priw. There is not likely to be any further advance in the value, as Sydney is now quoting at lower rates, bringing the c.i.f.e. cost below what is demanded; for the coastal product, and there are several consignments on the Victoria, due here on the 27tli inst. Oats: The Hawea brought 4510 sacks to an extremely bare market, and most of it was sent straight from the ship into the hands of consumers. There is very little offering from the South, a few lines of farmers' lots which have readied Christchurch being on offer, and found ready buyers. Other centres are not able to offer any so far, and Southland will not be in a position to quote for some time vet. The demand continues very strong, and there is no sign of price receding, the general Opinion being that higher rates must rule ere long. Fowl wheat is in keen demand, and is not in excessive supply, all coming forward meeting with ready sale. Australian grown is now being offered, some of which is a. very good sample, but the extra cost retards business so far. The margin is only a small one, so that, any further rise in the Southern market will enable dealers to import from Australia.

Bran, for whir!; there is a good demand, remains very firm, with no immediate prospert, of prices being lowered. Pollard is very* difficult to obtain, and l "C demand being good values are very steady. Chaff: The arrivals by the Hawea from '"<! South were only 750 sacks, which are lot nearly sufficient to meet he demand, and us there is no local offering holders are very stiff, and are demanding extreme rates, which are likely to continue for some time, especially so as the outlook in the South is far from promising. Potatoes: There are quite sufficient coming forward to meet all requirements so fat, but some of the lilies that are reaching the market are more or less touched with blight, which is causing handlers some little trouble, and is making them very careful. Extravagant prices are not likely to rule, as latest, quotations from Australia are reasonable, and the prospects are favourable for good crops. There is some trouble with Australian exporters, owing to some shipments on reaching Dunedin being condemned on account of disease and returned to Australia, which were certified by the authorities there as being quite free from disease, even after the double journey, and in consequence of which the merchants have decided not to take orders from New Zealand unless letters of credit have been established. As New Zealand will undoubtedly have to import from Australia it is very . evident that some arrangement lor proper inspection that will be satisfactory to all concerned will have to be come to.

Onions: There is not an excessive sup»Ci What iin.' coming forward are just •Wot enough to meet the present demand. nws remain fairlv stead?, and are likely « continue so for some time. The quality "'What, are offering is verv satisfactory. .Junius: The re is not. mil being offered. w'.w«; do not look for anv great quantity .TOminjf to hand for some time. The mar- ■; "-'mains Rood at last rates. •<ronmotigery generally is in good demand MA c ,7 fi " with recent arrivals stocks are WnL * tly °" *° mo of ttlG leading, lines. I rati, p nt 01 * tlu> almost unprecedented lot L™T caui, importers to hold back to ote fav °nrablo figures or curtail orders Km"**? 0 *»«*'*• J • -of Win s£* m Rood demand, and stocks 1 } »m^L ,<iotl!on9 are being inquired for 5 feu»i„«!' m "Wires, the local figure* securing dfitU* ?" J 1 * 8 ' 081 other New Zealand quoH1 Wire T-, e ' r ' own ' territory. IPwfSl are again in snort supply in ■">ou»li /'"i flw> Indralema shipment, IPilra^ lj ! " >avv > does not full - ™- , " the market.

Flax: There were onlv 460 bales, equal to about. 90 tons, delivered this week, which is a groat falling off from what camo forward last week. This is doubtless caused by the interruption in the train service. It. will be as well for the mil lots' to exorcise great wire, and see that none 6,/ their flax is forwarded in » damp condition, as any coming to hand that, is at all doubtful will lx> thrown out. No risk will be taken by the Government grader. The market continues very steady, with no indications of any weakening tendency. Latest London advices give the market as strong without any alteration.

Tow- is not in excessive supply, what is arriving meeting with a good demand, prices remaining much about the same. Kauri Gum: The arrivals for 24 days of January reached 555 tons, which points to an increase in comparison with the same time of last year. A very steady business is being done in nearly nil classes and grades, the strongest demand existing for the superior grades. Pale select being wanted commands tall rates, and rescrapod ordinary, black and bush meet with ready sale. Superior ordinary and good hard steel black are also in great request, and a better inquiry exists for the medium grades of each class. Nuts, both ordinary and black, if sieved, are easily disposed of. Bush is still hanging fire, but good nuts, if not woody, are wanted. Chips and dust are not quite so difficult to dispose of. [BY TKLEUKAPH. PRESS ASSOCIATION'.] Dunkdin*, Thursday. On the Exchange today there was a sale in Golden Gate shares at £1 6s 6tl.

AUCKLAND STOCK EXCHANGE. Thursday's closing prices arc as follows, the sales effected being:—South British Insurance, £!) 7s 6d ; Northern Steamship (contributing). 8s 3d; Kauri Timber (contributing), 4s lid; D.S.C., 7s 6d; Waiotahi, 32s 6d, 32s M ; Talisman Consolidated. 325, 325. 325; Crown, 8s 3d; Waihi Extended, us Id, 6s Id, 69 2d, 6s 4d. 6s 3d, 6s 4d, 6* sd ; New May Queen, 5s 3d, 3s 3d; Tairua Broken Hills, 2s 8d : bonanza (contributing), 7d ; New Occidental, lAd ; New Sylvia. 5d ; Trafalgar, 24d, 3d; Pride of Waihi, BJU.

CALL AND DIVIDEND LIST. C»ll« New Waitekauri. January 17 .. 0 0 1 Jan. 23 Golden Cross, January 10 ..001 Feb. 1 Old Kapnupa, Jaanuary 22 ... 0 0 1 Feb. 9 Waiiii Beach. January 17 ... 0 0 .'. Feb. 11 New Monowai, January 22 ... 0 0 1 Feb. 11 New Saxon, January 22 ... 0 0 0| Feb. 11 MESSRS. ALFRED RICHLAND AND SONS' REPORT. Horses: At. the ltaymarket on Friday last we Iftd a moderate yarding. Active sorts, suitable for butchers' carts, £19 to £20; light harness and ordinary hacks, £6 10s to £17 gig pomes. £3 to £6; Shetland pony, £12: spring-cart, £16. Active, young, heavy spring-cart and waggon horses ate wanted. On Monday we held a special horse sale at Pukekohe. Owing to the floods there was not quite the advertised number yarded. Heavy horses were in wrong demand, but the lighter class, excepting those showing quality and young, were not sought after. Active heavy colts and fillies «bld at from £32 to £43; pair of chestnut colls, four and five years old, from Waiuku, realised £86. and a pair of bays from the same district £72 10*: a three-year-old dolt by Dr. Seddon, £13: pair of medium Lav colts from Waiasu Pa, £65 10s; butchers' cart class,'£ls to £26 Ids; light harness horses, £7 5s .to £14 10s; weeds and Old horses, from £1 upwards. There was it small muster of dairy 'mid store cattle at Remuera on Thursday. Those sold at late values. Fat and young calves, in Toll supply, sold freely; small from 2s to' 10s,, medium to 18s, heavy" to 33.5; 68 sold. Beef, in full sunplv, was easier all round, ox beet selling from 21s to 225, cow 17s to 20s per 1001 b. Steers ranged in price from £5 10s to £10 10s; cows. £2 10s to £7 10s. The »heop pens were well filled with a good class of mutton. Prices wen: down fullv Is 6d per head. Best wethers sold to 22s 9dl; lighter weights, 16s to 19.-; ewes. 14s to 17s bd; 1230 sold. Lambs, penned in average numbers, were also lower in value, best selling .<> 16s, others 10s 6d to 14s; ,620 sold. Pig*, short of requirements, sold freely throughout, porkers selling to 38s, bwconers to 535, small to 15a. Porker*, from 801b to 1201b, are selling extremely well and wanted. Hides, Skins, Tallow, etc-.: Hides—Ox, 5d to 6id : eow, 5M to fjjcl; calf, 5Jd to 6}c". ; kips, 5Jd to sgd : tallow, 23s to 27s 3d: bones. £4 15» to £=>. Skins lies), butchers;' pelts and lambs, 2s 3d to 2s 6d ; others. Is to 'Is. Id. MESSRS. (i. W. RINNET AND SONS' REPORT. On Tuesday we submitted average catalogues of hides. sheepskins, tallow, etc. :— Hides: Ox—Extra stout, 6'.d to 6Jd : stout, 6d to 6id : medium, 6Jd to M : light, s£d to 5Jd. Cow Firmer. P.est lines. bj,il ; good. 5Jd to 6d ; scored, s>l to s;d ; calfskins, 6d to 6:, d". Stags', 3Jd to 4;.1 per lb. Sheepskins: Large, to 9s; medium, 6s to 7s 6d; small. 4s to 5s 6d each: pelts and lambskins, firsts. 2s 6(1, seconds 2s to 2* 4d each. Tallow: Most mixed, to 265; good. '24s to. 255; inferior, 20s to 22« per cwt. Rough fat', 1 .>d per lb. Hones, £4 15s per ton. Cowtails, Is 7d per. dozen. AUCKLAND FARMERS' ONION. The Auckland Fanners' Union held their usual monthly cattle sale at Arapohue on Wednesday, January 16, 1907. Buyers from Auckland, Heletisville, and other districts were present. A good number of cattle were yarded ; also several lots of sheep, all lots finding purchasers. Fat steers, £8 2s 6d ; fat cows, £4 lbs to £5 7s 6d : steeis, £4 17s bd to £6 10s; three to .V.-year-old store cows, £1 10s io £2 14.-; beet, 20s; wethers, 20s. FROZEN MEAT MARKET. L BY TELEGRAPH.— PRESS ASSOCIATION.] Naptbb, Thursday. The Colonial Consignment and Distributing Company today cabled the following report on the frown meat market:—The values of mutton and beef continue to decline. To-day's quotations for Napier, Wellington, ajjd North Island mutton are 4;d. Beef: Hindquarters, 3jjd; forecpiarters, 2»d. LONDON. By Teleg.aph.—Press Association.—Copyright. London', January 23. Silver, 2s 7 7-16 d per ounce. Copper: On spot, £107 2s 6d; three months, £108 ss. Tin : On spot. £192 15s; three mouths, £193 ss. Lead, £19 17s 6U. . „ „, Wheat : Sixteen thousand quarters of South Australian wheat, January shipment, have sold at 29s 6d and 10,000 quarters of shipment at 30e. American visible supply, 79,136,000 At the tallow auctions 1092 casks were offered and 912 sold. Fine mutton, 38s 3d ; medium, 3os. Fine beef, 36s 6d , medium, 345.

. , WOOL SALES. ■"•'•• [BY TELEGRAPH ASSOCIATION.] : ;'' Dunedik, Thursday. vTlie. wool sales concluded early this morning. The irregularity characterising a part of yesterday's wile was hardly so pronounced towards the close, and tmiw' selling brokers quoted 'a slight advance in the heat description of halfbred and 'rosebred its compared with values at the December sales. Mr. NichollVt Ablinttaford station clip topped flu- sales at 15d per lb. The apathy and lack of interest of some of the buyers was in marked contrast, to the previous Hfle*. Continental buyers were bidding fairly well, but at- reduced rates on the whole. Yorkshire buyers were particularly indifferent as to Wijtether they seemed any lots except at a reduction or Id per lb on the Dccemlwr prices, or at tilth' own prices. Well-grown Obi go wool was eagerly competed for, realising prices almost on a par with the extreme rates of December. Prices, generally speaking, were decidedly easier. In response tit cabled information with respect to the Loudon and Sydney markets, buyers are indisposed to purchase freely. A large number of lots were passed in. By Telegraph.— Press Association.—Copyright. ii . London, January 23. 'The following were the average prices for the fleece portions of the clips named :—Stoneyhurst, l£,'d ; (fear, 14d. Merinos and line crossbred* tirtnly maintained values yesterday, but low crossbreds were 5 per cent, below the opening vales.

Sellers. Buyers. £ a d. £ a. d. BANKS— New /.aland 9 3 0 9 0 0 National 5 ii o 5 6 0 INSURANCE— New Zealand — -1 3 0 New Zealand, new issue... — 4 10 National ... -- 15 3 South British 5 8 0 5 5 0 Standard — 10 4 FINANCIAL— N.Z. and River Plate ... 1 9 6 — COAL— Hikurangi 0 Id 3 — Nort. Coal, Ltd., 10« paid 0 lb 9 — Taupiri Mine*, Ltd. ... 0 19 6 0 19 0 Westport .. — 7 V 0 Drury 0 5 0 — GAS - Auckland 15 7 6 15 4 0 SHIPPING— New Zealand 6 2 6 5 IS 0 Northern Steam, paid up 0 17 8 0 17 6 Northern Steam, eon. ..083 081 TIMBERKauri, paid up 0 16 9 0 16 0 Kauri, contributing ... 0 5 2 050 Parker-Lamb, Limited ... 17 6 15 0 MISCELLANEOUS— Auckland Tramways Co. 12 7 6 11 16 0 D.S.C.. Limited ... ... 0 7 6 074 Hill and Plummer '...110 ■ — N.Z. Portland Cement Co. — 2 0 0 Northern Boot 0 11 6 0 10 9 New Zealand Paper Mills — 13 3 Union Oil 10 9 — MINING— Bonanza, paid 0 10 — Bonanza, contributing ..0 0 7' 0 0 6 Halcyon, contributing ... 0 0 3" — Kuranui 0 0b — Kiiranui-Caledoniaii ... 0 15 0 13 Mac yutvn Extended .009 — New Dart 0 0 a;, 0 0 6 New May Queen 0 3 4' 0 3 3 New Moanaraiari 010 — New Motiowai ......0 10 — NeW Occidental ... ... 0 0 2 0 0 1J New Saxon 0 0 10 0 0 9 New Sylvia ... ... 0 0 51 0 0 41 old Albumin 0 2 2 0 2 0 Southern Queen, ton. ... 0 0 5 — Thames 0 0 10 — Trafalgar 0 0:. 0 0 2i Victoria 0 10 — Waiotahi 1 12 i) 1 12 3 Waitangi. 6d paid ... 0 4 8 0 46 Watchman ;. 0 0 4', 0 0 3* Bunker* Mill ... ... 0 0 7] — ' Mauiaki Freehold -.004 — Kapowai 0 0 10 — Old Hauraki 0 10 0 0 11J South Kapanga 0 0 10; — Auckland ... ... ... 0 0 6* 0 0 6 Champion, paid up ... 0 1 6 0 10 Champion, contributing... 0 11 — Crown .083 081 Golden Belt, paid ... 0 1 10 0 16 Golden Belt. con. ... 0 1 6 0 12. -Kinkiri. contributing ... 0 0 8', • 0 0 7 Komata Reefs 0 2 0 0 1 11 Maoriland, paid . . ... 0 1 2 — Maoriland. contributing... 0 0 10 — New Waitekauri 0 0 11. 0 0 10 Pride of Wnihi 0 0 9 0 0 8 Rising Sun 0 0 6 — Tainia Broken Mills ... 0 2 9 0 2 7 Talisman Consolidated ... 1 l! 3 1 11 9 Waihi 9 3 0 9 10 Waibi Beach 0 0 10 0 0 S Warm' Consolidated ... 0 1 8 — Waibi Extended 0 6 5 0 6 4 Waihi Grand Junction ... 2 15 0 2 10 0 Sunbeam Gold and Silver, Is 6d paid — 0 0 9; H. L Noakks, Secretary; G. A. Buttle. Chairman. 3.15 p.m., January 24, 1907.