COMMERCIAL.

New Zealand Herald, Volume XLIV, Issue 13496, 24 May 1907, Page 3

COMMERCIAL.

■, V ■' ■ r ' ' V ' - ' -Jfrw ZSAtAND Herald Office, ;•« *. . • V.- '• . Thursday evening. AjltbOP 6ll the - market -has been quiet, . |M#4^J®,^wnt" : of business has been done on I• ' ®' r Stock Exchange • during tho past week. , • *trf ha* been "ft steady inquiry for all ' investment ''stock. . In banks New $ ? & aD d SjS at £10 7s 6d, with further jta:-- ->, .i. £10 ss; sellers • ask £10 !v ' . JrVtionils sold at £5 9., £5 9, M and £5 8 9 9tl ' and thcro aro 50,10r3 at £5 I 4 ' '' o 3d and buyers at £5 8s 6d. In insurances '■ *•" vwZealands are a shade easier, with ti'.'V.t filers at £* 9s, and buyers i*t £*7s6'd. South X& r V nritish are offered at £5 Bs, with buyers i:/"': i£s 5- Nationals arc firm, with buyers <'' ' JB1 cx per'share, a 'd this jSSilileek: Standards are also firm, with sales iv/J't''-" • »,£1 3s 9d and £1 4s, and further buyers v 3 S 9d. In coals Hikurangis and r' V,"' Northerns are unchanged. ■ Taupiris sold at •* V - 19» 6d, and more : are offered at 19s 9d, with buyers' at 19s. Wcstports arc firmer, buyers >' offering £7 £s - I' as Aucklands sold at £H 16s, and there are buyers at £14 14s. fiM-kiai sellers at £14 17s. Gisbornes i sold at ', - 1 '" £2 16s 6d and £2 16s, and more are wanted /' • ''it £2 15s 6d. Pahiatuas . are .wanted at / I '■ £1 i 6s, sellers asiking £1 93. In shipping '' '■ pevonport Steam Ferrys sold at £1 15s, and "' there arc buyers at £1 14s 3d and sellers at £1 1& 5, 1° timber Kauri Company, paid H , up, sold at £1 Is, and-more aro wanted lif , r ' the same 1 price, with sellers at £1 i. 9d. Contributing sold at Bs, 8s • 1; ''' ', id . and Bs, and thero; are , sellers at. '' 'iU te'2d and buyers at Bs. Leyland-0 linens -' l --y; So Offered at" £2 ss, with buyers at £2 4s j' There aro buyers of Mountain Kimu at '• 'Ci'r' fit 0s 6d- Parker-Lambs aire offered at £1 - '- j fe 6d Auckland Electric ' Trams, ordinary !' '''i-. Ssres sold at £1 4s 6d, and there are '' i ' still sellers at that price and buyers at ' '•£!;, 4g; preference sold at £1 3s 3d. r/fr- n.S.O.'s sold at 6s 5d and 6s 3d. New ZeaP « • land Portland Cement sold at £1 15s 6d, "''"''and more arc wanted at £1 15s, with selm• ' ]~« ! at £1 16s 6d, The mining market has I fit wn somewhat dull. Walhis sold from £91 '63 9 d to £9 6s to-£9 7s 6d to £9 6s 6'cJ, closing with sellers at £9' 7s, and buyers! MViv • at £9 6s. Waihi Extended; sold from 6s 9d • to 6s 7d to 6s 8d to 6s to 6s'ld to 5s lid. Waihi ' * * flrand Junctions sold at £2 2s. Talismans IP 1 "i' 1 sold • freely rom "£1 ■ 12s 9d ;to £1 13s '6d i to £1 13s to £1 13s 6d, closing with sellers •' at £1 13s 6d. and buyers at £1 13s. Crowns j' 'V * sold at 6s '8d and 6s :10d: Komata Ileefs sMV/ ! at Is 8d; Tairua, Broken Hills (freely) from fcV''/l''fe3dto4ssd to 4s 2d to 3d to 2d. Waio-E-'T- /■' tahis sold from £1 3s 6d to £14s 9d to £13s 9d, k closing with sellers at £1 4s and buyers at ■.y4 £i 3j 6d. May Queens sold from 2s lOd to ' 2s 8d to 2s lid to 2s9d.to 2s lOd; KuranuiCaledonians at is 4d; Kuranuis at 6d and P^W7d;' New' Saxons from Is id. to Sd; Sylvias j'V;t at 4d; Old Kapangas from Is .Id to Is 2d rV>.--- .to lid! Ngatiawas at la 7d and ls,6d. Ma- , harahara Copper Mfces sold at lis 4d. ' i Reports which. havo reached us indicate " that -both: country and- suburban demands ilSltfont the local distributing merchants are well • - ' maintained; all seasonable articles are in j'y- ' good .supply,' and this in spite of tho fact Sjpg - that buying during the past six months has if been very difficult owing to tho buoyancy lilpbf;.tho: various markets. . Tho hardware ' 4 'tt''**'• houses are . well satisfied -with the volume of ' business reaching them, whilst the samo re1' '<>4 •• marks apply to the soft goods warehouses. • ' Generally -speaking prospects for' tho winter l-vs' " trade aro good in ail directions. ■ ■ 'V The '-. Delphic' continues her loading, and ' will leave in a day or two for the South. ?. The Kaikoura having picked up all cargo ' .'offering has left for London via tho South, so that- at tlio present moment the port's, : " i berthing accommodation is not overtaxed. ' $ 'The 'Fijian Government steamer Ranadi y picked up the Vancouver mail at Suva, and # this | innovation has been' of considerable I"®' convenience to the mercantile community, f jt?-- enabling them to receive, their mail four days earlier than if tho letters had been s oarried ou by the Moana .to Sydney, in i 4 which case the mail would not havo reached i bare till-Sunday. i " v ' : , , . The announcement that a regular month- :■/) 'I ly service from 'Frisco will bo inaugurated in August next will be hailed .with a feeling > , X of/general satisfaction, , and,,any doubts as l^^^to^.Me; regular receipt of supplies from the * Pacific Coast : .will now be dispelled. The « - ' first steamer will leave "at an opportune * time, i.e., when the new packs of dried and teS;^-«^c&nned- fruits are ready, whilst the second ;r " ""(ailing will pick up the new pack of canned • salmon. ■ .- ' - '] " Canned ' Fruits: Advices by mail received r ; M. " tance our last.'. emphasis© what has already - . ken ,»rrittenr apropos-of• Hjc probabiNtjr" v! t higt.prioes mlmg- for ';tha now pack. ' Apri-,'i-i cots will be scarce, whilst peaches and pears Yi* z v ,ar«not likely 'to be plentiful. Pineapples: Tendency seems to be up®f|l- ' ward, which is ; ncrt surprising in view <of tho low . prices which i bavo lately: been ruling. . . , . . • fei'- J Seeded Raisips: We look .for high , prices to rule for the hew cropland quotations are | now •coming through, i: . • "r Currants: Prices remain unchanged; - more* likely to advance than decline. ' - : Mildura Fruits: Moving freely and likely - to be in much demand as the winter goes •; on, ' ' ' Evaporated Apricots: . Spot' holdings light ;,l- :■ and arrivals will be iquickly snapped up.' ' ® va rated Peaches:: Local v holdings not . heavy; good demand imminent; : ;jK | : Salmon : : Bj' the last mail."news has been jj. received indicating that prices will open up , • verv . firm, and. it. behoves ' buyers to go in 7,;v./r, ; early if they wish to get.in at bottom prices. So far as British Columbia salmon is con- |||| ' T < corned wo understand that 1908 has been declared a close season; which means that " the 1907 catch will have :to last for the two ■ .. . seasons. • * . ' . , . - ' Sardines: The market remains very firm, £ : 'C' with no . likely alteration .until the result of new catoh is known. - .- 1 ■. Lima Beans:. Price at - present is very .'ugh, with probable drop when new crop , , '■ - /'comfs in. ". • . ' • Peppers: Looks as though ' market has touched,- bottom. <" i >. - - y Ceylon;-Tea: The Colombo market is ■ quiet, but no alteration in prices is report- , od. Quality, as is usual at this time, is poor, large orders for the cheaper grade 1 teas await completion. >•; Linseed Oil: The upward course main- ' ' /..•f'' taincd, and it is difficult to say how long the : extreme- prices will ! hold. There is . §0, -ViyW little prospect of any dcclinc for somo. - . ; time to come.- •' v . ; Glucose: . Indications point . towards.Jaffgher •;'P"ces /"'*-<?'; y: : • •; W, ' Tmplates look to be firming' up, aria wo * ** no reason why high pStifces ; should not .remain. „ f ? : -.-'\ White Lead: Tendency; upward..-vv , K $i 4 . Cement, is in yery r short supply, and hold* , - ,- € f*"have' again". adveiriced the price. H>" V Barbed Wire :/' English barbed .'wire is I ' } " still m short .supply,' and local holders have ;* ' advaiioed. priced. jf.rF' lo nails/-have'advanced in- price, and ,^;''';'>7W!4tcs?ai'r° likely to be maintained. < Metals: No further oliango-advised-; mar- ; - rather firmer. •• _ _ • ' There is 'Cry little change in ' to report: the demand continues steady, and local Stocks are .now lL , taing ■ down; . Thei quotations from Ausiv '.tMiia remain just about the same as last *cek. ' Vjli Onions: There is a ,-fairly good demand ' -'-".fw these, and the market is slightly . 2wronger... This: season growers who havo . Usually had fairly large stocks in reserve, '/ -■are without them, as, on account of the ,wet weather experienced during tho harvest- . 'illg reason, they did not (keep, . and had to mm, sold ,as quickly as possible. ■ Even what Mm ;,are in the hands of the' merchant's at the -■ present time :have to bo continually picked • &v £r. ~. ; • . . . - ■ ■ Chaff is coming forward in fair quantities, ''..-■"and the quality ,is rather better. Thero is ; ft firmer feeling in the market; one reason „ for this being the increase in the duty on \ Australian fodder, to -20s per 1 ton, from 125," which was the duty prevailing previous to this week, besides which the free on board >~s:^cost in Melbourne for Australan fodder has r advanced considerably. There is still a fair ;- <'■; .demand for this. ' . ; Peas: There is a very good demand, and, ; being scarce, prices have again advanced. IBran continues in good; demand,-but as the available'stocks aro only light, present quotations are merely nominal. . Pollard : There is a strong market, with very little offering, and price has advanced M§|7s 6d per ton. ' * Oats: The market continues on its up"t ward course, and . there are signs -of - a further rise. -A , sharp: advance has! taken place IfeM in Australia, - which has . caused buyers to again turn their Attention to Southern oats. • and, as the quantities offered by the farmers are only limited, - the competition, lias, had the effect of increasing the price as _ menr£ ] ! tioned above. Local stocks are beginning to l|g||§h run low. . • -■ -'Oatmeal.:'" Notifications, from the - South |ffigi:*dvise ah advance of 20a por ton. »; "s'' _' Fowlwheat is practically unprocurable, 'Ms ' -and there is no cessation in the demand for ifcit, . A further advance has taken, place. . - life' . Milling Whoat: Southern reports notify tfS,; that.prices have again advanced, and there jiffs'-- are plenty 'of buyers ,fo.- any country lots that come along, but if is. not offering at git l all freely. . ■ /-i ' ■ ' , ■ fIM Maize: A small shipment of 180. sacks Wim arrived by. the Mangapapa from tho. Coast, |j®|':and, stocks held here being very light; this

lot was easily , sold at the late market rate. There is very little old season's maize on the coast now, so that we do not look for lower, prices to rule, at any rate,until the uriw -season's starts to come forward . moro freely. , , • Fungus has not come to hand in any great quantity since our last report. The market continues firm, without, any alteration in price. >: x Flax: The deliveries are coming in more freely this week, but there is no material improvement in the quality. Latest London . advices intimate very little change, in their market.'- ' Tow continues to come forward in small quantities, and is readily sold at late rates. ■ • •. , KAURI GUM. The arrivals for the 23 days of May amount to 467 tons, showing a still further shrinkage in comparison with the same period of last month. The market is very steady, most classes and grades moving off without any alteration in price, the only exception being with regard to dark gums, the demand for which is rather dull. • Palo select and good rescraped are coming to hand very slowly, and are in good request. ' . » Superior ordinary also moves off as it reaches here, but there is no great amount offering. Medium ordinary remains in steady demand, as to also good hard washed nuts free from chips and dust. Swamp and chalk are salable, the supply not being excessive. • . East Coast is not coming forward very freely, but the demand is not strong. Black: Both rescraped and bold lumps, well cleaned, are wanted, but good three-quarter-scraped steel and mixed lots are not so eagerly sought after. Shippers, however, intimate that if slightly lower prices were demanded a, steadier market would ensue. • The inquiry for black sugar and black nuts, sieved, still continues strong. Bush; • Rescraped is wanted, but there |is no ,change, with regard to the other grades, the inquiry bcinj dull. * , Chips and Dust: Ordinary chips and dust are moving off slowly. Ordinary dust is still salable. Black riddlings and black dust, if coarse, arc not accumulating. AUCKLAND STOCK EXCHANGE. 1 Thursday's closing prices are as follow, the sales recorded : .beingNational Bank, £5 fls 9d ; Auckland' Tramway# * (pref.), 23s 3d; Auckland Tramways (ord.), 24s 6d ; D.S.C., 6a 3d; - Waihi, £9 6s 6d, £9 7a; Talisman Consolidated, . 33s 3d, 33s 3d, ( 335, 33a.6d ; Waiotahi, 23s 9d ; Waihi Extended, ,65,. 5s lid; Tairua Kroken Hills, 4s 3d; New Saxon, 9d; Old Kapanga, lid, lid. ,

' « V CALL AND DIVIDEND LIST. ' 1 Dividends. . Natiraal Insurance Company • ... "' — " Now . I'arker- Lamb Timber , Co., per annum ... ... -••• 10 p.c. May 27 Talisman Consolidated ... 0 10 'June 1 Wailii ... ... 9 3 0 June. Mount Lyell M.' and R. Co. 0,3 6 • Julie 15 ■ Culls. . * / , " • . ! ' . ■ ' New Blinker's Hill. April 35, -J,. 0 0 1 Now | Thames, May 13 ■ ... . ...0 0 1 , Now New Dart, .May - ljfey/ ... ... .0 0 '-. 1" Now Old ' 6 ... 0, 0 1 Now AUCKLAND AND SONS' -• C fy', REPORT. i HosjC&sf At the Haymarket on Friday the de[•jtlajiSS for sound, young, heavy workers was keen teiid^many; changed Hands at prices ranging from £M to £37 ss; lighter sorts, £23 to £30; buggy parses and'good hacks, £15 to £23 10s; light harness and ordinary hacks, £4 5s to: £16 10s ; weeds, any price; "pair of ' ponies, and harness, £26; pair of roan cobs; £24; pair ;oj gray geldings, £34; gig, pony, and harness, £19; pair of cobby bay mares, £40. . . On Monday, at Awhitu, .we held a clearance sale on account of Mr. W. Hills. There was a large attendance and satisfactory were realised. . • ■ * " At Ilemuera on Thursday both dairy and store cattle came forward in usual numbers, and ihose sold at late values.: Fat- and young calves sold freely throughout; 72 sold. The beef- pens were well filled and prices ruled well up to last *eek quotations. Steers ranged in price from £5 103 to £10 17s 6d ; cows, £2 ; 10s to £7 7s 6d; 344 sold. There was, an average yarding of mutton and prices were scarcely tip to late sales. -.V Best wethers sold to, 23s 6d, others to 21s; heavy-ewes to 21s, lighter weights to 18s; fat lambs to 18s, small 12s 6d. to 14s, store 9s to 12s 6d; ewes, in lamb, 10s 6d to , 18s. : Pigs: Small, 6a to 9s; porkers, to 30s; baconers, to 47a.. Poultry, Is to 2s Id each. v--V- • . - ■■ ■ • • . ' Hides, Skins, Tallow, etc.: Hides—Ox, 5Ad to 83d: cow. 4Jd to 53d; kip, to 51d; calf, 6d to 61d; horse, lis 6d to 12s 6dl; stags'. 4jd ; damaged hides, 3d to s|d; horsehair, Is 73d ; tallow, 26s 9d to 27b; bones, 4s ,9d to , ss. Skins Best pelts and lambskins, 4s lOd to 5s 8d; medium, 4a to 4s 8d; small and damaged, Is to 3s 9d.. ■ - ■ .■■■ v.MESSRS. G. W. BINNEY AND SONS' REPORT. At Tuesday's sale we submitted and cleared under good competition very large catalogues of hides, sheepskins, tallow, etc. Hides: Prices ■ continue firm. Ox, extra stout. 74d to Rd, stout 6Jd to 7.Jd, medium 6d to 6|d, light-Sid.",to 53d ; Cow, best lines-53d, good 'to sid; stags', 3id to 4d; calfskins, 6Jd per lb. Sheepskins: Extra large, to 5s- 7d-; large, 4s 8d to ss; medium, 4s to 4s 6d; small, 3s 3d to 3* 9d each. ,« " ■ • ' Tallow: Market verv firm. Picked for tanners' Use, up to 295; best mixed, to 27s 6d; good, 24s 6d to 265; inferior, 20s'to 23s 6d per cwt Rough fat, ljd per lb. ' Rones, £4 15s per ton. : Cowtails, Is 8d per dozen. •;; FROZEN MEAT' MARKET. [by TELEGRAPH.—PRESS ASSOCIATION.] Napier, Thursday. " The Colonial Consignment and Distributing Company has received the following cable from London: —" Mutton Canterbury, 4ia: Napier, Wellington, and North Island, 33d. Lamb: First quality, 58d; second, s|d. Beef: Hindquarters, 3Jd; fores, 3id." • HIDES. ~~ By Telegraph.— Association.—Copyright. "• • V-' ■' ' Melbourne, May 23. Hides are unchanged in value. There was good competition at the sales to-day. '■I ' LONDON. " By Telegraph.—Press Association Copyright. _ > ' « : - London, May 22. Wheat: The sales of nine cargoes of Australian have been reported, the prices rang: ing from 33s 3d to 345. Atlantic shipments, 164,000; Pacific 26,000 quartersCopper: On spot,- £101 10s; three months, £100 78 6d. . . Lead, £19 12s 6d. -

dellers. . Buyers. ; £ 8 - d. £ i. d. BANKS— . New Zealand ... ... 10 13 0 10 5 0 ■National . ... ... ... 5 9 3 5 8 6 INSURANCE— • New' Zealand ... ... 4 9 0 4 7 6 National • ... — 17 0 South- British ... ... 5 8 0 5 5 0 Standard . . . — '13 9 FINANCIAL- • N.Z. and River Plate ... 1 9 6 19 0 COAL— ■ Hikurangi ... ... ' ... _ 0 16 0 Nort. Coal, Ltd., 10s paid 0 16 6 0 16 0 Taupiri Alines, Ltd. 0 19 9 0 19 0 Westport -. ... 7 8 0 GAS— . .v,, Auckland ... ... ,'...1417 0 14 14 '6" •Gisborno ... ... ... : — 2 15 6 Pahiatua .; ... ... ... . 19 0 16 0 (•HIPPING- ' ' Northern, paid up ' ... 0 18 3 0 17 9 . Northern, con. • ... ... — 0 8 0 Devon port Steam Ferrv... 1 16 ' 0 1 14 3 TIMBER— Kauri, paid up ... ... 119 110 Kauri, contributing ' ... 0 8 2 0 8 0 Leyland-O'Brien, Ltd. ... 2 5 % J. ' 2 4 0 Mountain Rimu, • Ltd. ... — - 10 6 Parker-Lamb, Limited ... 1 6 6 , MISCELLANEOUS— Auckland Tramways Co.. • pref. ... ..: ..." 13 6 13 0 Auckland Tramways, ord. 14 .6 14 0 D.S.C., Limited ,.. ... 0 6 ' 4 — • Hill and Plummer, Ltd... 12 0. — ' H.M.. Arcade Theatre Co.," ' old. ... .... ... 10 6 — Milne and Choyce, pref... 15 8 — Milne and Choyce, ord. ... 1 3 V 9 vf\». — ' New Zealand Deng, £2 ... '. — 2 10 0 , N.Z. Portland. Cement Co. ' 1.16 6 .. . 1 15 0 , New Zealand Paper Mills 15 0. .— . •'Tonson Garlick,- Ltd. , .... .11 0 — Union Oil. ... . ... .1' 0 6 ' ... .• V—Si j Wiseman and Sons,' pref... .110 , ■ • Wilson and Co., pref. ... :— 1 .8 0' Wilson and Co.,' ord. ... — ,.. 1' : ',6 Wilson and Co., new is- ; ; : i sue, preference ... ... — 0 8, 0, MINING— ' . , ' " , . ' ■- V ■ Bonanza, paid! • ... ... 0 0 9 — • Bonanza, contributing... 0 0 6. — Kuranui ... ...V ... : 0 0 8 ~i— Kuranui-Caledonian . ... 0 1 4 0 12' : May Queen Extended .... 0 0 8,. — : , New Dart ... ... •• ... 0 0 7£ ... 0' 0 5| New May Queen ... ' ... '0 2 11 .". 0 2 9 ' New Moanataiari ... -• ... 0 0 8 ' 0 "0 5 . New : Monowai . • ...'' ... ' 0 -0 9 ' ; 0. 0 64 : • New Saxon '• ... . . ... 0 0 10 • > 0 0 SA ■ -Sylvian; : 0' '5" " i" ; Old • Alhurnia •'.■{? ... • ' ,1.. -0 r 16 ; 0 12 ' Southern Queen • ... ... 0 0 6 v "• , "Thames ... " ... ... 0 0 9 0 0 7< 1 Victoria \ ... . ... ... 0 0 10 — '< Waiotahi *;,... ■ .... 1 4 0 1 ' 3 6. 1 Waitangi ... * ... ... 0-2 7 " — s . .Watchman-... " ... ; ... 0 0 4 • 0 0 "■ 3, .. Bunker's Hill ... .... 0 0 10 0 0 8' Hauraki Freehold • - ... 0 0 5 ■ - 0 0' 2 j | ; Kapowai, contributing-.., . 0 0 10 , • — i , Old 'Hauraki ... y ... . ■ 0 0 6' . Old Kapangu ... ... 0 0 11 ' 0' 0 10 ] South Kapanga ... ...... 0 0 6 — . Crown' " ... . ... ■* ... 0 7 0 - 0 6 9. .Golden Belt.,: paid . .... * 0 0 10 • 0 0 8! Kirikiri, contributing. f ... -0 0. 9 •: 0 0 5£ 1 Iiomata Reefs - ' ... ... 0 18 . 0 17 j New Waitekauri / ... ... • 0 0 8 .- 0 0 6 . Pride' of - Waihi .... 0' 0 '9 — , Rising Sun ... " ... ; • ... 0 0' 8 ' 0 0 6J ' Taii-ua Broken Hills ... 0 4. 2 0 .4rl Talisman Consolidated:... 1 13 6 .' 113 3 Waihi ... ... .... '9; 7 "6 9 6 0" Waihi Beach -' . .J O 0. 9 , .0 0 8; Waih'i Consolidated ... 0 17 -0 15] .; Waihi Extended ... • ... 0 6 0 1 0 5 9. > Waihi Grand Junction ... 2 4 0 .2 1 0 ; Ngatiawa .... t.. : ... 0 1 .5 — Maharahara Copper Mines 0 15 0 . 0 11 0 - 1. H. L. Noakes, Secretory; G. A. BOTTLB, Chairman., ; . 3.15 p.m., May 23, 1907.' '