COMMERCIAL.

New Zealand Herald, Volume XLIV, Issue 13480, 3 July 1907, Page 5

COMMERCIAL.

New Zealand Herald Office, ':.;., Tuesday evening. A vub amount of business was transacted ''■■■• • ♦!« sharemarket clay, In standards ?J Zealand Banks changed hands at £10 Sftd and closed with sellers at £10 14s 6tl -•llbuvers at £10 13s. National Banks m bought at £5 12s 6d, there being furIff sellers at same- price, buyers quot- • £5 lis 3d. Wcstport Coals sold at £7 Sf and there was lftto inquiry at. £7 13s, it'h no declared sellers. Drury Coals Tight 5s 6d, closing with sellers at 6s and u" S at 5* ' Auckland Trains fore nee) 'ii Tf- 23a*6d, with lato sellers at 23s 9tl nJ buyers at 23s 3d. Ordinary made 24s 5 to 2458c1, and late buyers offered 24s 7d, declared seller-. In mining Wailns filed" sales being effected at £8 17s to £8 I U. g,i there being further sellers at £8 17s dan buyers at £8 17s 6d. Talismans were , shade easier, parcels changing hands from j. 6 j to 36s 3d to 36s 6d, closing with further inquiry at 36s 3d, sellers holding for v* b(i Wniolahis dropped in price, from ig»6d 'at opening to 18s 9d to 19s to 18s at. die late call. There were further sellers at IBs 9d and buyers at 18s 6d. Crowns were bought at. 6s 6d, at which price more were availably buyers at 6s 6tl. Waihi Extended* WO ro dealt in at. 5s 9<l. there being late sellers at 5s 9 (i and buyers at 5s Bd. Tairua. Broken Hills brought 4s Id. and closed with M |lers -it 4s 3d, buyers at 4s. New Sylvias! gold at 3|d, lata sellers 4(1, buyers 3d. j Temple Bars' (contributing) were done at Ud lato sellers 2d, buyers Id. Kapowai; (contributing) wero had at, Bid. with late| sellers at 9jd- buyers Bd. Old Kapangus; made ♦J, ')**?> sellers sd, buyers 3£d. Now Waitekaiiris sold at. lid, and closed with sclktß'it M, buyers 9£d. N'gatiawas brought Vd with ' a '° sellers at Is, buyers at 9d. '/he wholesale distributing merchants report that business reaching liiein maintains normal proportions, but as the- end of June is a favourite time for stock-taking with a ■ number of the stores there is still room for improvement in tho volume of business coming forward. Merchants have been busy the past few doys looking up orders for new season's goods to arrive in a few mouths' time.

The s.s. Kaipara has loaded cargo offering, and lias,sailed for tin; South to complete for Ijuihluh ; tho Tarawora and Zealamlia have brought tip tho usual cargoes from tho Southern ports, whilst the Victoria, from Sydney, has arrived with miscellaneous cargo, including a, number of transhipments. The llakaia is now discharging oversea cargo, and will leave for tho South in a day or two. Canned Fruits: Quotations for the new pack are expected in a. few days. Prices for spot holdings have advanced all round, I and supplies are not plentiful. Currants: Wo have been notified of slightly easier price (as was to bo expected from our cables reporting a splendid crop). | Seeded Raisins: Supplies of the Milcluraj . article are now awaited, and will come to a good market; stocks of American are not heavy, and enhanced prices will have to follow very shortly. Tho market for the now fruit remains firm. ; Prunes: Wo have been informed that a poor crop is expected, which will doubtless have the effect of hardening up prices. Dates: Local holdings fairly full, with demand good. Pitted Prunes: Recent arrivals have! quickly gone into consumption, and wc are of opinion that the line will bo well called for in future. Preserved Ginger: Prices have again ad-' vanced; supplies short, demand good. New Salmon.: Prices will shortly be named, and as only £lb flat Co hoe* are now procurable from Vancouver tho market remains firm ou spot and for future:'. '"■ Cream of Tartar: Firmer tendency prevail?, and wo incline to ' tho opinion that market has touched bottom, although price . is higher than was ruling at this time last year. '■;■: ,' : Citric and Tartaric Acids: Firm in sympathy with cream of tartar. ■ Rico: Advices this week are to the tfectof further advance over and above the rmiOl 20s. per ton reported .a short time ■back...,-, ,'■■■•■ ' ' • ■ ',""■■•" Sago anil Tapioca: Market fluctuating, prices still high. Asparagus: With such high prices for the American article, buyers will probably turn their attention to tho French. Cocoa Beans: Prices maintain the. high level. . Cinnamon Chips: Slightly easier, and •prices cannot well go lower. Burmah Candles: We have heard that a further advance in price is uot improbable. Glucose: Indications point to price being well maintained., Cornsacks: Last week a slight decline in prices was reported, but cable advices today show a smart advance again for July shipment. Linseed Oil: We look for a reaction in the near future, although early arrivals will have to be sold at. high rates. . , Whiteload: The market has eased 10s per ton, which will hardly come as a surprise. ? Hides: Supplies coining to hand very freely, with good demand from exporters, prices at last Tuesday's sale remaining firm. ._"'.', Sheepskins: Market remains the same, with good inquiry for all 1 coming to hand at late rales. . . Tallow: Market continues very firm, with a "strong demand for all supplies.

Potatoes: The Victoria from Sydney only brought 4352 sacks, which have come to a. market that was not overstocked, ami late prices have been fully maintained. Advices from Tasmania intimate that the market there is very firm at last quotations, with a likelihood of a slight increase in price. The Zealandia brought 204- sacks of Up-to-Dates from the South. The supply" is just about, sufficient to meet the' present demand, and values aro inclined to improve in tho South-as the. inquiry increases. " j

Onions: By the.Victoria from Sydney 270 sacks arrived. The principal supplies aro coming-in from Melbourne, as the local productions are now about exhausted. There has been an advance of fully 10s per ton in Melbourne on last quotations. Tim demand continues very steady.

Peas: There is very little change in the position. The high price ruling of late still exists, and is likely. to continue, as there is a scarcity.

Oats: Advices from tho South show that the market there remains about the same, Tile •demand from this country districts shows no sign* of falling off. There is very little chance of a weaker marker, as merchants aro not overstocked, and farmers. are declining to make offerings at the present time. .Our own market is well sup-: Plied just now, and stocks are steadily moving off. ' I

. iowl Wheat: The inquiry for this is not at all brisk, as the high price is causing consumers to pay more attention to other wed. Although .stocks here are not. heavy there is sufficient to meet the demand.

, Milling Wheat.: Advices from the South intimate- that the- market I hero is not -Steady, and latest cabled from foreign ; P a 'ti> reporting a marked shortage, southern holders have made, a considerable advance in their quotations, but transactions have been very limited. ; ; x•Maizo: The arrivals from the Coast are ■J? follows:— sacks by the Mangapapa, «* sacks by 10 Waiotahi, and 91 sacks .'? the Auponri. As the demand for this is steadily improving, in consequence of the 'gh price demanded for fowl wheat, the ' "rival of this quantity from the Coast has m »pe no alteration in the week's quotation, "»«* remains at 3s 4cl ex wharf for whole■■•:;«*lo parcels. There is very little; old sea*o,l!3.obtainable, the greater portion of nat is coming to hand being new season's, we Iff* 1 °" account of the unsettled (for • we mivo Dccn experiencing lately "verier from the country have not been . - g . '■? SlVe ' There is. no change in price, and ,«uy business is being done in any prime lot » that are offered. ■ am i uul Fodder: Stocks held locally lli n ""i' 1 ° to meflt ft " requirements, and iS m. k ' ,! " "° WUi'B-off in the dowith „ ? ho . »«■•'«>•» Craig has just arrived '■'' whinl, H , ,' of produce from Melbourne, '"eludes " fair shipment of fodder. market' "very firm feeling exists in the I ' l»ub fctorl an l ''° . demand continues good, I i t _ ts are quite sufficient to cope with there l: So ' ,t,,( ' ni advice: notify that The lot'al at ' i,rcUy with ' roll demand, Price- ftp ]"■ , rkcl is not over-supplied;. Cook so , " c ; la,^ ' ? vi,h fail i'"i"i' , y. * I s 'kHvs that ' H atCht Mows 0 "' the South I lj«fl donn''i . rgo v °i"»if of business lias I ... *»«.during the week, with a very! Ifli'l::.: ' , -' : ■.')--'-:?->:;'& ' ■ .SKW:?i;i:>S. ' .'■.:••. "■'■■,-■•.■"•.'.''-V. ' .

strong market, and Homo buyers are now operating very freely. Prices -have advanced, and are expected to go higher. Fungus: Very little has come in during the week; there is no falling off in the inquiry, and prices remain the same. Flax: The deliveries for the month of Juno total 4516 bales, which is cquul to about, 760 tons. Latest cables show that the London market remains about the same, with buyers willing to operate at present price for forward .shipment. As most of the mills are now closing down for the winter, supplies will be very moderate for the next, two months. Tow is not coming forward very freely, but thero has been no alteration in the value. Ceylon Tea : At the Colombo auction, held on June 5, 22,339 packages., equal to 1,767,84111> were offered. Quality was fair On the whole, a. largo numb-.-i of the medium to high grown estates showing an improvement. There was a good demand for all kinds, prices further advancing about i<l per lb. Teas with flavour and tippy kinds were very well competed for, iand realised full prices. The average price of the sale held on .May 29 was 37 cents, as. compared with 32 cents for the corresponding sale of last year. Exports of Ceylon tea to the United Kingdom from January 1 .to June 6. 1907, amounted to 52.269,0001b, against 51,065,8871b for the same period of last year, and to Australia anil Xew Zealand 10,859,0001b. as against 9,939,9401b for the same period of last year. Indian Tea: At the Calcutta sale. No. 2, I held on May 31, some 3600 packages wero offered. Quality generally was not desirable. A good many of tho Darjeelings I were wanting in flavour, and most of the Cacliars were of plain quality, Bombay l buyers were again keen competitors, and long prices were paid for plain quality ! Pekoes .of fair make of leaf. The good j liquoring sorts sold readily, but low broken* and really common teas wore difficult to dispose of. KAURI GUM. The arrivals for the month of June, total 577 tons, which shows a decrease of 35 tons on the deliveries in May, and 116 lons on those in June, 1906. There is a deficit of about 450 tons for the first sis months of this year, in comparison with the same period of last year. Seventy-six tons, have reached here for the two days of July. There has not been any great alteration in lite state of tho market tin's week, the. demand being very steady for nearly all classes and grades, but there is still an apparent weakness in dark gums. Although tin? inquiry for pale select has not been so keen, the scarcity of it. lias tended to keen values very firm. | Keseraped is also less eagerly sought after, but as the quantity offering is only j limited there has been no accumulation of istock. Superior ordinary lias been wanted, I and all offerings have moved off immediately on arrival, late rates being fully maintained. There has been very little business doing in medium ordinary, but the quantity of this is not excessive." The demand for good washed nuts keeps steady, I more especially for any lots that are free j from dust. Thero is a falling-off in the | demand for chalk and swampy sorts, and lower prices are likely to rule. j East Coast is not coming forward in sufficient quantities to cope with the demand, and full rates are being obtained, especially for well-got-up parcels free from bush audi | dust.

Re-scraped black is easily quilted, with very little on offer, and bold lumps, sound and well-cleaned, move off on arrival. Three-quarter-scraped hard steel is rather difficult to dispose of, unless at a slight reduction, and mixed parcels are hanging fire somewhat, but a reduction in price would induce business, as there are orders here at a limited price. Black sugar and washed nuts continue salable, but require to ho free from dust. There is not. a great quantity of bush coming forward. Pale re-scraped is scarce and is wanted, but there is very little inquiry for other grades, executing mite free from wood, which meet with 'a fair demand.

cry littlo alteration has taken place with regard to chips and dust. Bright chips are in light supply, and are in good request. Ordinary chips are salable at reasonable prices. Tho demand for good ordinary dust if coarse, continues. Black riddling** aro not accumulating, unless in cases where increased prices are demanded. Black seeds and coarse dust aro very easily quitted.

AUCKLAND STOCK EXCHANGE. Tho following are Tuesday's closing prices, fliV business done be i njr :—Batik of New Zealand. £10 13a 6d ; National Bank. £5.12s 6d: Weatport Coal, £7 15* Druiy Coal, 5s 6.1; Auckland Tram. ways (pre/.), 23s 6<i; Auckland Tramways (0r.1.1. 24a ?d, 24a 8d; Wailli, £8 17s, £3 17s,' £8 17«, £3 17s 6cl, £8 17s Od; Talisman Consolidated. 36s 6d. 36s 3d. 36s 3d. 36s 6d ; Waiotahi. 19.5 6d. 10s, 18s 3d, 19s, 18a 9d; Crown, 6fl 6(1; Waihi Extended, 5s 9d; Tairua Broken Hills, 4s Id; New Sylvia, 3^d; Temple Bar (contributing)! lid; Kapowai (contributing), Sid Old Knpnnga, 4d: New Waitekauri, lid, lid; Kgatiawn, lid?

NEW ZEALAND LOAN AND MERCANTILE AOENOY COMPANY'S, LTD., REPORT. Horses: Oil Friday, at the Durham Yards, wc had a moderate yarding, with Rood 'jompotition! for young draught*, which sold at from £24 10s to £39 15«; hacks and light harness horses, £10 5s to £20 las; weeds, £2 15* to £4 ss; springcart, £12 10s; tax-cart, £9 10s. . At Ttiakau on Wednesday there was a small muster, which sold at late rates. At, fa mini re on .Saturday we lipid a clearing sale of dairy stock on account of .Mr. James Oollati. There, was a large attendance and very satisfactory prices ruled. Cows in mill: sold at from £4 10s to £3 15s; springing do., £3 15* to £8 10s; trait horses, £10 10a to £17 Ice; springcart, £3 10s; Daisy cart, £11 10s. Cattle- At the Newmarket Yards on Tuesday there was, a full yarding of stock of all descriptions. Dairy cows sold at from £4 5s to £9 10=; empty cows. £1 17s to £3 ss; -alves, lbs to £1 3s. Fat cattle were yarded in full numbers, and competition was steady at last week's rates, oxen selling to 22s per 1001b and cows at. 17a to 19s per 1001b. .Steers sold at from £7 5s to £11 153; cows, £3 15s to £8 2s 6d. Sheep: The Newmarket Yards were well filled on Tuesday with sheep of all descriptions, which sold under good competition. Vt"eth?r» sold at from 18s 9d to £1 5s Od ; ewes, 16s 6d to £1 2s 3d; • hoggets, 8s 9d to 14s 9d. Pigs: Porkers sold at from 13s 6d lo £1 10s; haconrrs, £1 12s 6d to £2 lbs; weaneis, 7s 6U to 13? 9(1. We submitted an average catalogue of hides, skins, and tallow on Tuesday, all lines meeting with good competition at late rates. Hides: Market linn. We quote— ox, to 9£d : extra stout do.. 7.U1 to 8d ; Stout do., bid to 7d ; medium d0.,-sJd* to bid: light do., fkl to bid', cows', best lines bid to s§d. good nil to hid, wet 4Jd to 4Jd ; kips, sid to s,i'd ; calfskins, 6d to bid. I Sheepskins. Market firm. Best, butchers' skins, j largo up lo 6s, medium 5s to 5s 6d, small 4s to 4s 6d. Tallow : Market firm. Host mixed, up to 27s i 6d: good, 25s to 26s 3d; inferior, 22s to 23a fad; rough fat, \Jd per lb. Hones, £4 15". Cow-tails, Is Kd per dozen. Horsehair, Is to Is 7Jd per lb. j Oats: Stocks have been replenished again from the South, but the market remains firm at 3s 4J ex store. Chaff: Owing to two shipments of Australian the. compressed fodder market is easier. Fowl wheat is in fair demand at 4s 4d ex store. Maize is in soot! demand at. & 6il jx store. Butter: Farmer*' prime separator is keenly sought, after at S'd, with choice at 3d, but the poorer qualities are very slow of salt*. Fungus sells freely at Sid. Uiiiii : Good blacks are easier, but lower grades are in good demand. White— to superior qualities are selling freely at late rates, lower grades selling better. W.S., 20s; swamp W.N., up to 255. WELLINGTON .PRODUCE MARKET. [BY TELKUUAI'H.—OWN' COKHBSrOKDKXT.] Wki,i.i xerox. Tuesday. The fruit markets have displayed a slightly{ better tone during the past-week. Apples from Auckland are in better demand, being worth 8s to 9s 3d per case tor choice and os !M to 7s 6d lot prime dessert; cookers, 4s to 5s fad per case. Excellent inquiry exists for dessert pears at 14s to 15s 6d per case; stewing, 5s 6d to 6s 6d pelcase. Auckland Poor Mans oranges are worth from 3s fad to 4s fad per case ; lemons, 3s to 3s 6d per ease. Fijian bananas had » very poor market, cases realising tip to 6s oil and bunches t.i 2f. Tret: tomatoes brought from 5s bd to 6s per box. Asparagus is in good demand at 3d to is per bundle. Cauliflowers, 14s od to 17s 6u per sack ; cabbages, 6,s bd to lis 6u ; lettuce, 3s to 3s" fad per ease.; Ijiuimras, 6s to 7s fad per cwt. Potatoes: Best local, os to bs bd per cwt; imported, 4s to 5s per cwt. Onions, os 6d to 6s per cwt. Fresh eggs, Is 5d per dozen; preserved, Is 2d per uoaen. PRICE OF SILVER. By Telegraph.—Press Association.—Copyright. London, .Inly 1. Stiver is quoted to-day at. 2s V 1-16U per ounce standard. SYDNEY SHEEP SALES. I By Telegraph—Press Association.— (Received July 2, 11.29 p.m.) SYDNEY, July 2. At the sheep sales to-day, on account oi John Nixon, Killarney, Canterbury, six Border Leicester rams brought 10 guineas each, two ewes 10 guineas each, and one 12 guineas. Eleven others ranged from 3 guineas to d guineas. On account, ot William Nixon 10 English Leicester j rams brought 5 guineas. On account of D. Grant, I Oakleigh, Canterbury, 24 rams averaged £3 15s 3d.

Seller*'. Diners. BANKS- • £8 ' d - £ '- d "New Zealand 10 14 6 10 13 0 , National 5 12 6 5 11 3 V Union of Australia ... _ 62 0 0 INSURANCE— New Zealand 4 8 0 — South British ... .596 586 Standard ... 12 6 — j FINANCIAL— ' . j New Zealand and River Plate, ex div. ... 1 9 3 18 4 COALIlikiiranRi ... — 0 16 6 i Noil. Coal, Ltd., 10s paid 0 16 0 0 15 3 | Taupiri Mines, Ltd. ... 1 1 0 10 0! West port ... — 7 13 0 ' Drury ... ... ... 0.6 0 0 5 0! ilAS--Auckland ... li 0 0 14 15 0 Ohiiieinuri L. end P. ... 0 19 0 . SHIPPING— Northern, paid up ... 0 17 (I . — Devonport Steam Kcrrv 1 14 6 — TIMBER— , Kauri, contributing- .. 0 7 II) 0 7 9 Leyland-O'Uriert, L:d. ... 2 5 0 Parker-Lamb, Limited ... 1 6 0 — WOOLLEN— Wellington _ 2 16 0 Moegiel — 2 11 0 MISCELLANEOUS— Auckland Tratmvavs Co.. I prof 12 0 13 3 Auckland Tramways, oid. — 14 7 D.S.C., Limited "... ... 0 6 6 0 6 0 JIM and Plummet-, Ltd... 10 6 ... Milno and Clioycc, pre!... ISO — Milne and Choyce. ord... 13 6 — New Zealand Drug, £2 ... — 2 10 0 ! N.Z. Portland Cement. Co. 1 13 6 1 12 0 New Zealand Paper Mills 14 6 — Torison O.irliek, Ltd. ... 1 0 6 — Union Oil ... 10 6 — Wiseman and Sons, pret... 110 — Wilson's Portland Cement Co.. pre). 1 13 6 1 10 0 Wilson's Portland Cement Co., new issue, pref. — 0 10 0 Wilson's Portland Cement. Co., ord. 18 6 MINING1 Bonanza, paid 0 0 7} Bonanza, eon 0 0 4 Halcyon, eon 0 0 2 — Ku ran in 0 0 7 0 0 5 Kiiruniii-Calcdoniaii ... 0 1 1 0 0 10 May Queen 0 10 0 0 9 May Queen Extended ... 0 0 8 New Dart 0 0 7,'. — New Moanafuiari 0 0 8" — New Monowai 0 0 7', 0 0 6 New Saxon 0 0 8 0 0 7 New Sylvia 0 0 4 0 0 3 Old Albumin 0 L 5 0 12 Southern Queen 0 0 5 — Temple Bar, 6d paid ... 0 0 3 0 0 1! Temple Bar, con. . ... 0 0 2 0 0 1" Thames 0 0 2 0 0 6 Victoria 0 0 8 Waiotahi ... 0 18 9 0 18 6 Waitangi ... ' 0 2 7 0 2b Watchman 0 0 4A 0 0 2} Mount Zeelian, con. ... Oil' _ Bunker's Hill 0 0 91 0 0 El Hatifuki Freehold ... 0 0 4' 0 0 2' Kanowai, con. ... ... 0 0 9/, 0 0 8 Old llauraki 0 0 10" 0 0 HJ. Old Kapanga 0 0 5 0 0 3J South Kapanga ...... 0 0 4 0 0 2 Champion, paid up ... 0 2 2 Crown 0 6 6 0 6 5 Golden Belt, paid .. 0 0 10i 0 0 9i Kiiikiri, contributing- ... 0 0 7' — Koinala Reefs 0 14 0 13 New Waitekauri 0 0 11 0 0 9J Kising Sun 0 0 8 0 0 7J Tairua Broken Hills ... 0 4 3 0 4. 0 Talisman Consolidated ... 1 16 6 1 16 3 Waihi 8 17 9 8 17 6 Wailli Head, 0 0 8 — Waihi Consolidated ... 0 1 7 0 14 Waihi Extended 0 5 9 0 5 8 Waihi Grand Junction ... 2 2 0 2 0 0 Sunbeam Hold and Silver, 1? 6d paid 0 0 8 — Nj/nliawa ... 0 10 0 0 9 Aluliaraliaru Copper Mines _ 0 5 0 Wh&ugarou Amah, 2s paid 0 2 0 — Whiingarou Amu!., 5s paid 0 2 7 0 19 11. L. NOAKES, Secretary; (J. A. Buttle, Cliairmai). 3.15 p.m., July 2, 1907. CALL AND DIVIDEND LIST. Dividends. ' • Waiotahi 0 13 July 3 Calls Waihi 'Consolidated. June 18.. 0 0 1 Now Waihi Beach. .June 4 ... . ... Son, "r". v in .New Moanataiari, .lime 25 ... 0 0 Ol.JuylO New Monowai. June 25 ... 0 0 1 July 15 Waihi Extended, June 18 ... 0 0 2 July 16 Golden Bell. July 1 0 0 1 July 17 Magnet, July 2 ... 0 0 1 July <UI