COMMERCIAL.

New Zealand Herald, Volume XLIV, Issue 13494, 22 May 1907, Page 5

COMMERCIAL.

INew Zealand Herald Office, Tuesday evening. ThIHE (V'« fair inc l u ' r for standard and a' •m -~ stocks on tho sharernarket to-day. ? insurances Standards sold at 23s 9d to, '24* »nd more were wanted at 23s 9d, no declared sollers. Devonport Ferrys changed hands at 355. closing with sellers at 3&s, and buyers at 34s 3d. Kauri Timbers (contri- ' butilig) wore bought at 83 to 8s Id, with farther inquiry at 8s; no declared sellers. Auckland Trams (ordinary) sold at 24s 6d, ': n d closed with sellers at 24s 9d, buyers at ■ „, 3d. In mining Waihis wore invested. in t £9 73 6d; there were further sellers at I £9" Bs, and buyers at £9 7s. Talismans. l4Vt Wrought from 33s 3d to 33s 6d to 33s 3d, .there: being late buyers at 333, sellers hold- ' 'nc or 33s 3d. Waiotahis were had at 245, . closing with sollers at 24s 3d and buyers at 23s 9d- Waihi Extendcds sold from 6s 3d ■ . £ S to 6s Id, and thore was further innuiry at &> witu 6^01,3 asking 6s 2d. Kuranuis sold at 7d, late sellers 7'id, buyers 6d. ' jjuranui-Calodonians were done at Is 4d, ore being obtainable at Is 4d, buyers at - Is 3d. New May Queens found buyers from 2s'lod to 2s lid to 2s 9d, with more buyers at 2s 9d, sellers 2s lOd. Old Kapangas were dealt in from Is Id to Is to Is Id, closing with sellers at Is Id, buyers offering •' T- Maharahara Coppers were bought at lis 4«. with lato 110 " asking 15s, buyers ■ ■ * The volume of orders reaching tho distributing merchants is well maintained. This Tin be looked upon as auguring well for the busy season, which is now getting close at hand. The soft goods houses report this I month as having boon the busiest for very ' many years; in fact, tho volume of trade '■■ has perhaps • never been greater than at *''' present. The only impediment to trade is L ' the scarcity of factory hands. ' . The wharves are kept busy unloading the-Matetua, Victoria, and Ze'alandia, whilst the Delphic and Kaikoura have come up to'load for London. Tho Cape Antibos is itill discharging, and the Frankdale has left • for Southern porta. The Star of Japan, Fifeshire," and Indradevi should arrive within tho next ten days or a fortnight, whilst tho Pondon, from Vancouver, should put in an appearance shortly. 1 Canned Fruits: The position of the Galilornian goods remains unchanged, and buyers are turning their attention meantime 1 to tho Australian article. The season has been a very good ono throughout for local merchants, and wo hear of spot stocks beine well cleaned up.' ••* ■_• Evaporated Fruits: Prices on tho new crop of Californian should shortly be named, and we incline to tho opinion that they will show a material advance on last sea- . ■ son's opening prices, due chiefly to small crops and the fact of the fruit coming to ' a very bare market. '< Dates: Easier tendency prevails, but we / look for reaction shortly. : Figs aro in good supply locally, with wood demand imminent. Pink . Salmon: 'Frisco and Vancouver stocks quito exhausted, which means thai; the new pack will be in good demand when opening prices are named. ' 1 ' Red Salmon: Well-known brands of red Alaska are unprocurable till the new pack is marketed. . . • ' Codfish: Spot holdings ample for all' re-H quirements; demand normal. • | Salt Salmon: Little or nothing held | locally, with few inquiries. ',''",•"• Sicily Almonds: The market for prompt ■;••;.>'• shipment has advanced, whilst quotations I current a few days ago for the new crop .110 longer hold good, doubtless due to the j adverse weather experienced, giving evidence of a small crop. ' ji'^; ; Coffee Beans: Cables received emphasise W the strength of the market, due to small j crop. . Cocoa Beans: Tendency seems to be up- : -«C ; ward. ■ '**" V' '"".- ■■'■' ■;'.';•:.'.'" ■'' '.',' Ginger: No prospect of any immediate decline, and stocks are held in firm hands. i . Pepper: Sales normal; prices have, been low,_ tendency to a recovery. ' Pimento: Firm, at last quotations. , Shellac: With good demand, price has hardened a little. .' ';'■■_■. 1 , ' Mattress Fibre: Price remains unchanged. 'Castor Oil: Market easier, with a good deal of uncertainty existing as to the future. . Oil and White Lead: Prices are still very firm, with a probability from latest advices of a further advance. .'-{.;-: Wire: Prices still keep very firm. & English? 1 barbed wire is in -short' supply, and la test ' '; rßfonn'Sl*9ir W'"*-*9 -*o £ general advance- fa' \'\ " lines. "" ' 1 Wire nails are still in short supply, aliff- though ■ there have been small shipments received ex Frankdale.. Holders are still •'• asking, former rates. .*. . . ~3 1' "■ The metal market has advanced slightly, /' _ and latest reports advise a still firmer tone. ;. ';,'.- : Hides: .No. change to report >in prices, rpy ' except for heavy ox, which have advanced, and »re keenly competed for. Usual -sup- ■■■■ plies are coming to hand. ■ = '•■:■'. .'-.■. ■• -..; Pelts and Lambskins: Prices remain firm, all coming to hand being required by local. fcllmongers. . • •! Tallow: : Market remains very firm, with Rood competition from • buyers for export and local consumption. . '' '. Wool : Advices from London show that ' the fall in prices has partly recovered, ■ but - none is being;offered in. the local market now, except crutchings, which are realising ' good prices.' .-',' ; . '• •: Potatoes: The Zealandia, from Sydney, only ~ brought 4021 sacks, the. bulk of which aro Tasmanian Redskins. - As the stocks held here previous to her arrival were not very heavy this shipment will bo .only sufficient ■ to cope with the demand until the arrival of the steamer next week. Prices have not %;;.: lowered;" in : fact, they are slightly firmer, there has been no alteration in Aus:jS >{ i tralian quotations. Southerns are still conspicuous by their absence. ' Onions: Thero is not a great quantity coming forward from the country. Stocks held by tho merchants here are not heavy, and .what they have on hand are not keeping tat all well, having started to grow. i There:is: no alteration in values. •Peas: Advices from , the South intimate f::/, : , : : that thero has been a strong run on Prussian Blues, which has caused a smart ad-' vance. • Stocks held locally are rather light. Flour: Thore has been a total rise of 20s per ton within the last fortnight in the . South and 15s on the local markot. There is a great amount of uncertainty as to whether another rise will take.place; neither the Southern nor the local millers can increase their present price, as this would allow Australian millers to come in; but if there was another jump in London in wheat Australia would have to follow, ■which would enable our millers to make a further rise. Some Southern millers havo instructed their agents not to quote for tho present for forward delivery. Milling Wheat: Late advices from Mel- ' ■' bourne notify that the farmers are holding' firm for still higher prices, and the quantity offering on the spot is decidedly small for this.period of the year. Millers are show- . jog some anxiety to secure all really primo jets available, and are prepared to pay full prices. The Southern' farmers are a'sk"ig 45,. and are not anxious to sell any quantity at this price, but as this figure is too high for the present, price of flour there is not likely to bo an extensivo business unless there is another jump in Syd•v ney and London. Fowl Wheat: Southern advices notify that there is a very strong demand, but I 'hat the market is practically bare and price has advanced 2d per bushel during ' ;?«* a - st ' week. There is very little stock , held in the local market, and it is very i . difficult to obtain fresh supplies. 1 . Chaff is coming in more freely, the sup- ; Plies from the Upper Waikato being more I regular, and it is pleasing to note that [ ■ there is an improvement in the quality, a : far larger proportion Jieing prime. The pneo remains about the same, and tho demand continues quite up to the average lhere is no change in Australian fodder, so J? 1 ! 'he demand is as good as ever, and the Zealandia brought 1290 bales from Sydney. ' . Oats: The Southern market remains exceedingly firm, and there has been an advance in the price of fully 3d per bushel during last week. Local stocks urc rather on the light side, and, as the Wanaka is advertised to leave the Bluff on the 27th v. > «., and will not be hero till early in June, this market will probably be very ' • th re 1? Btock and c l uite rca dy to receive ::;;:■ % shipment coming bv this vessel. crZS i : The demand continues very > gcoa and stocks arc not heavy; price has advanced 10s per ton during tho last week. L ' „ Jira has undergone no change, the con--1 lis)? n inS up to usual > and stocks are I . 0,,, ? ,' Z6: The arrivals from the coast sine© "ur last report are.as follows:— sacks «£ Waiotahi, 137 sacks ox Manganapa, and .*« ex Clansman. There "being no wil 11 i m dney, this small quantity '" De hardly sufficient to cone with the »*;■,*.. ? hicli is increasing. " Price re- ' "els ri 3s 4d ex wharf for wholesale parm..;', lile first shipment of new season's ■ coast ° a € t0 - hand this we « k from the Th»» - n realised the same price as old. ' com in !S evef likelihood of the market from*k' mg finn at this prico, if supplies " wanLJ \- COast ar<J tc regular and not forcojital v to ° large a quantity, but if the . ' • in.;,**-, "nippers forward the new season's , tiz - too freely it will tend to weaken the . l^>Soi { )C;:>iH:. : ■:■-/','''' ' ' ■ • P^'i^A\v : f■■-'■::■-'i- ■■■'■■■ ■-'■•' " - .■■"-•■ ■'■■.'■■;'":. mMM:'-',:.^ tf.;r '.■:■-", . .. :

market, - as - this has to go into immediate consumption. Fungus: Much more has been coming forward during the week, but as the demand still continues - strong there has been no alteration in the price. Flax: Supplies aro coming forward about up to the average. Latest cable advices from London notify that there has been very little change there, but that there is rather a dull feeling; still there is an inclination to purchase for forward shipment at present rates. The ■ local market remains about the same. . Tow is coming forward in tho usual quantity, and meets with a ready sale at late, rates. _ _ ■; Timber: The Kauri Mills report a continuation of the brisk business that has been experienced for some time past, and the supply of logs is . ample to keep them going. The white pine mills are also kept very active, as there is no cessation in the orders coming forward. The demand for export still continues strong. Indian Tea:, The weather conditions in Assam have been generally favourable for growth during the past month. Beneficial rain has been followed by bright, warm weather. Tipping of early pruned sections is in progress. Cachar: With the exception of a short cold snap the weather on tho whole has been favourable, and bushes are .well advanced; present prospects are fairly good. The weather in Sylhet has been hot and droughty, and rain is badly wanted; - immediate prospects aro poor. Darjoeling: Favourable weather marked the first half of tho month, but a change then set in, and the temperature fell rapidly. The cold spell that followed greatly checked leaf, and the season is likely to open some ten days later than usual. Dooars: The weather on tho whole has not been unfavourable, but leaf is growing slowly, and the season will commence rather later than usual. KAURI GUM. The arrivals for the 21 days . of May reached 416 tons, which shows a marked falling-off in the supplies in comparison with tho same period of last . month, when 544 tons came to hand. The supplies for 21 days of May, 1906, came to 577 tons. The market continues very steady, l notwithstanding that prices here aro considerably abovo the parity of the London market, where latest cables advise a quiet tone. Pale select is in good request, but the supply is very limited. . Ordinary: . Re-scraped moves off on arrival at full rates, with very little offering. Superior threc-quartor-scraped is not reaching hero in excessive quantities, and thero is no lack of buyers, especially for parcels free from weak pieces and chips ana dust. There is also a fair amount of business doing in medium ordinary at moderate rates. Good washed nuts continuo in steady demand. Chalk and swampy sorts sell fairly well. , . , East Coast is only in moderate supply, and sells readily if prices demanded are not in excess of the limits of the principal shippers of this class. Special lots, _ well sieved and free from bush and weak pieces, command a good, figure. Black: The supply of re-scraped is very light; all arriving meets with a quick sale. Bold lumps, well scraped, ar<f also wanted, but 1 prices have not advanced. Good. hard steel, well scraped, is still rather difficult to quit, and there is a fair accumulation in the hands of brokers. Mixed parcels aro ■ also unsalable, but a fair reduction would lead to business. Hard nuts, sieved, and cleaned sugar sell readily. , . Bush: Rg-scraped, if good colour, is. in request, but all other grades are entirely neglected at present. There is, however, only a limited quantity on offer. Bled is not asked for. ; . • V Chips and Dust: Ordinary chips and dust are in better demand. Chips are not very easily disposed of, but coarse dust is wanted. Black riddlings remain in steady request, without any change in value. Black dust, if coarse, is easily quitted. AUCKLAND STOCK EXCHANGE. ■ The closing prices for Tuesday are as follow, the business done being Standard Insurance, 23s 9d,' 245; Devonport Ferry, 355; Kauri Timber (contributing), Bs, 8a Id; Auckland Tramways (ordinary), 24s 6d; ' Wailii, £9 , 7s 6d; Talisman Consolidated, 33s 3d, 33s 6d, 335:3 d; Waiotolii, 245; Wailii Extended, 6s 3d, 6s Id, 6s, 6s Id; Kuranui-Galedonian, Is 4d, la 4d ; Kuranui, 7d; New. May Queen, . 2s lOd, 2s lid, 2s 9d Old Kapanga, Is Id, Is, Is. Id; Maharahara Copper Mines, lis 4d. f/'" ' '

CALL AND DIVIDEND LIST. Dividends. National Insurance Company ... — Now Parker- Lamb Timber Co., - ■ per annum ... ■ ... ••• 10 p.c. . May 27 Waihi 0 3 0 June 1 Mount Lyell M. and It. Co. 0 3 6 June 15 New' Bunker's Hill, April 23 ... 0 0 1 Now Thames, May 13 i ... ••• 0 0 1 May i2 New Dart. May 13 ... ... 0.0 1 May 22 Old Kapanga, May 6 • ... 0 0 1 Now NEW ZEALAND LOAN .. AND MERCANTILE AGENCY COMPANY'S, Ltd., REPORT. Horses: On Friday, at the Durham Yards, horses were yarded in scarcely average numbers and competition wan extra keen for anything of a decent stamp. We quote Heavy draughts, at from £32 10s to £42; medium do., £24 5a to £36 ; hacks and light harness horses, £7 sa-to £19 10s; sulky, £10 10a; spring cart, £12.' On Thursday and Friday we held a special sale of horses at Pukekolie, when 312 were yarded. The sale was a most successful one, buyers being present from all the surrounding districts, Palmerston North, and Waikato. With very few exceptions everything changed hands under the hammer or privately. Unbroken light draught houses sold at from £16 10s to £25.. No extra heavy draught unbroken horses were yarded. Light horses sold at from £12 10a to £17; ponies, £3 10s to £9 10s;, broken-in horses, draughts, £25 10s to £46 lOts; medium do., £17 5a to £30; light harness horses, £12 10s to £25 10s: hacks, £10 to £20 15»; ponies, £5 5s to £14.' No extra heavy horses were yarded. .Tho young horses from Mr. J. E. Kemp, Awhitu,, wore a good lot, showing both quality and substance, end sold at from £31 to £43. . • On Wednesday we held a sale of thoroughbred horses at Mr. J. - E. Thorpe's stables, Ellerslie, when the following sales were effected Yearling

colt by Soult—Lady Heater, 200 guineas; bay gelding Sir Hector, 40 guinea*; bay do. Defender, 55 guineas; bay mare Austerlitz, 40 guineas; Hierarcb, 160 guineas; Canrobert, ; 250 ; guineas. : } ■J, At Waiuku on Saturday we : had an . average yarding, which met a steady competition. Dairy cows sold at from £3 5a fcojß7; empty do., £1 12s to -£2 17»; calves, 15s to £1 Bs. ' Beer sold at; Newmarket rates. The -lease ,by order of the Public Trustee in the estate of Mr. W. Bloor (deceased) realised £40. ' " ' ' ' On Tuesday, at the Newmarket Yards, dairy and store stock were yarded in average numbers. Beef was penned in average quantities. Bidding was good and prices showed an upward tendency. Oxen sold to 22a per 1001b; cows, 17s to 19s per 1001b. Steers sold at from £6 10s to £10 7s 6d ; cows, £3 10s to £7. Dairy cows sofa at from £3 10s to £6 15s; empty do., £1 15s to £2 I 83; calves, 15s to £1 6s. The advertised Holstein heifers sold at from £4 4s to. £11 lis. The fat cattle were all light weights. ' .-• - Sheep were yarded in usual numbers at the Newmarket Yards on Tuesday and first quality advanced in price. Wethers sold .at from 13s 6d to £1 5s 6d: ewes, 18s 6d to £1 4s 9d ; hoggets, 13s 6d to 17s 3d. \- '' . Tigs: rorkers sold at from £1 Is to £1 18s; weaners, 5s 6d to 9s; baconers, £2 Is to £2 18s. ' We submitted a large catalogue of hides, skins, and tallow on, Tuesday, all lines meeting withkeen competition. .- '" '. Hides; Market firmer. We quote—. stout ox, 7Jd to 8i<l; stout do., bid to 7id; medium do., 6d to 6jjd ; light do., s£d to 5Jd: cows', best Jine3 s|d to 5Jd, good sjjd to 5Jd; kips, s£d to 5Jd; stags', ,3|d to 4d; calfskins, 6d to 6id. ■ Sheepskins: Market firm. Best butchers" skins, large ia 9d to 5s 6d, medium 4s to 43 3d, small 3s: to 3s 9d. • , Tallow: Market firm. Best mixed, up to 275; good, 24s to 25s 6d; inferior, 22s to 235; rough, fat, ljd per lb. Bones, £4 15s. . ;' . . \ • Cowtails, Is 8d dozen. Horsehair, Is to Is 5Jd per lb. " Land: Wo have this week sold the farm at Tauhoa belonging to Mr. W. H. Martin, Jun., containing 473 acres, at a satisfactory figure. Maize: 'Hie market is bare and there is none to quote. A small lot arrived at the end of last week, which was readily cleared at'3s sd. Oats: B grade are selling freely at 3s 2d ex store. Wheat is in good demand at 3s lid ex store. Chaff: Compressed fodder, £5 ss; Australian, £6; prime Southern, £6 10s. Butter: Milling qualities are selling freely at 7Jd. Better qualities of farmers' separator are selling slowlv at Bd. Cheese: Owing to competition from the South factory has decreased in value. Best price prime, is selling at is s.]d. Fungus is worth 5Jd. • ■ ' Kauri gum: The demand is slightly easier for all grades, excepting the best qualities. No. 1, 130s; No. 2, 80s; No. 3, 455. . . '

. :< • . .Seller*.- . . Buyers. " , r: ' . £ 8. d. '£ ti'.'fr." . BANKS—,: ,--v. '• ■ .v.■ v.-.;- 1 . '• " ,New. Zealand '' ... ,•• ... '. '— " 10"-' S 0 " National ••• . 5 10 0 . 5 9 0 • INSURANCE—. New Zealand ... •• ... 4 • 9 0 4 7' 0 National, ex div. ... ... — • -,17 0 South British ... ... 5.8 0 5 5 0 Standard- — 13 9 FINANCIAL— N.Z. and River Plate ... 1 9 9 , .1,9 0 COAL—": ; i %■ ■ ; Hikurangi "... ... ' ... —' 0 16 3 Nort. Coal, Ltd., 10s paid 0 16 6 0 16 0 . Taupiri Mines, Ltd. ... '1 0 0 0 19 0 Westporfc • ... ... ... ' — <7 'fi' 0 GAS — Auckland ... • ... ... 14 17 0 14 14 0 Gisborno " ... ... ... ' — 2 15 6 Pahiatua ... ... ... 19 0 16 0 SHIPPING— " Northern, paid up ... 0 18 2 — Northern, con. ... ... — 0 80 Devonport Steam Perry... 1 16 0 1 14 3 TIMBER . • \ ■ Kauri, paid up ' — 113 Kauri, contributing ' ... .— 0 8 0] Lcyland-O'Brien, Ltd. ...250' 240 Mountain Rimu, Ltd. .... — . ' ■ 10 6' Parker-Lamb, Limited ... 16 6. — MISCELLANEOUS— Auckland Tramways Co.. pref. 13 6 13 3' ■ Auckland Tramways, ord. 14 9 14 3 D.S.C., Limited ... ... 0,6 .9 • ; — I .Hill and Plummer, Ltd... 12 0 ' — ! H.M. Arcade Theatre Co., ord. ... '.... ,...106 . — Milne and Choyce, pref... 15 0 — Milne and Chovce, ord. ... 13 9 — N.Z. Portland Cement Co. 1 17 6 — Union Oil ... ... 10 6 — Wiseman and Sons, pref... 110 — Wilson and Co., pref. ... — 18 0 Wilson and Co., ord. ... . ' — '. 1.6 6 Wilson and Co., new is*. sue, preference — 0 8 0 MINING— Bonanza, paid -... _ ...0 0 9., — Bonanza, contributing... 0 0 6 — Kuranui ... ... • ... .0 0 7£ 0 0 6 Kuranui-CaJedonian ..." 0 14 0 13 • Slay Queen Extended ... 0 0 9 — .New Dart ... ... ... 0 0 7£ 0 0 5£ New May Queen ... ... 0 2 10 0 2 9 New Moanataiari ... ... 0 0 8 0 0. 5 New Monowai ... ... 0 0 9 0 0 64 New Saxon ... ... ... 0 0 Hi : 0 010 New Sylvia ... ... 0 0 5 0 0 4 Old Alburnia : ... ... 0 16 0 13 Southern Queen ...» ... 0 0 6 — Thames ... ... ... 0 0 9 0 0 6 Victoria ... ... ... 0 0 10 — Waiotahi ... ... - ... 14 3 13 9 Waitangi ... ' ... ' ... 0 2 6 0 2 1 Watchman ... : ... ... 0 0 44 0 0 2| Bunker's Hill ... ... 0 0 10 0 0 7 Hauraki Freehold ... 0 0 5 0 0 2 Kapowai, contributing ... 0 0 10 — Old Kopanga ... ... 0 11 0 10 South Kapanga ... ...' 0 0 6 — Champion, paid up ; ... 0 2 4 -- Champion, con. ... ... 0 11 0 0 10 Crown .... ... ... 070 0 6 "8 Golden Belt, paid ... 0 0 9J> 0 »0 7£ Golden Belt, con. ... 0 0 &J 0 0 5 • Kirikiri, contributing ... 0 0 8 0 0 6; Komata' Reefs ... ... 0 .19 : 0 18 ... Maori land, paid — 0 0 6 ' — . Maoriland. con. ... ... 0 0 4 — ,. New Waitekauri 0 0 8 0 0 6$ Pride of Waihi ... 0 0 9 — Rising Sun ... 0 0 9 0 0 5 Tairua Broken Hills ... 0 4 2 0 4 0 Talisman Consolidated ... 1 13 3 1 13 0 Waihi ... i,'. ... 9 8 0 ■ 9 7 0 Wailii Beach 0 0 0 0 6 Waihi , Consolidated ... 0 1 7 0 15 AVaihi Extended ... ... 0 6 2 0 6 0 Waihi Grand Junction ... 2 2 6 2 1 3 Ngatiawa 0 16 0 14 Maharaliara Copper Mines 0 15 0 0 11 0 H. L. Noakes, Secretary; O. A. Buttle. Chairman. 3.15 p.m., May 21, 1907.