COMMERCIAL.

New Zealand Herald, Volume XLV, Issue 13744, 8 May 1908, Page 3

COMMERCIAL.

! A fair amount of business is reported from ! the Stock Exchange during the week. In ; standard stocks Banks of New Zealand sold ! at £9 7s, and more are offered at £9 10s; ! National Banks are quoted at £5 6s 6d, and ; there are buyers at £5 5s 6d. In insur- ; ance!! New Zealands sold at 75s 6d. and I Kellers closed at that price, buyers at 755. There are sellers of Nationals at 27s 9d. and of South British at 59s 6d. buyers of the' latter offering 575. National Mortgage and Agency-have buyers at 60s 6d, sellers 63-*. New Zealand arid River Plates, at 335, are looked for at' 325. In coals Northerns sold at 16s, and mare are wanted at 15s lOd, sellers 16s 3d. Taupiris sold at 19s 6d, and sellers now ask 20s, with buyers at 19s 3d. Westports were done at £7 2s and £7 Is, sellers closing at £7 2s. buyers at £7. Hikur.tngis are held at 9s 6d and buyers offer Bs. In gas Birkenhead and Northcotes I have sellers at 26s 6d, and there are buyers of Gisbornes at 525, and sellers at 535. . In | shipping Unions sold at 55s 3d, and more are available at 35s 6d, buyers 34s 6d. Northerns are inquired for at 8s 3d (contributing), and there are sellers of paid tips at 18s. In timbers Kauri (contributing) sold at lis 6d. Hibbords (contributing) have inquiry at £* ; and Auckland Turkish Baths are wanted at same price. D.S.C.'s Were done at 5s lOd and 5s 9d; Auckland Tramway (ordinary) at 24s 3d: New Zealand Portland Cements at from 30s 6d to 295; New ZealatuLPaper Mills at 23s 3d; Tonson Garlicks at 18s 6d; Union Oils at 21s 6:1 (ex div.); and Wilson Portland Cements (ordinary) at from 47s 6d to 48s to 47s 6d to 48s 6d. In mining lines Waihis have been firm, and several sales were recorded at from £9 12s to £9 13s 6d to £9 12s 6d to £9 13s 3d to £9 13s. with late sellers £9 13s 3d, buyers £9 12s 9d. Waihi Grand Junctions were also fairly firm, with sales at from -35s to 39s 9d to 35s 3d, and more are looked for at 35s 3d, with sellers at 35s 6d. Waihi Extended? sold at 3s 8d and 3s 7d, and Waihi Consolidated* at Is lid. Talismans sold freely at. from 51s to 49s 6d to 51s 3d to:sos, sellers closing at 50s 6d, buyers at; 50s. New Sylvias, sold at Is 6d, Is 7d, and Is 6d; Waiotahis at from 2s lid to 2s 8d to 2s 9d; Waitangis at 2s Id; Consolidated Goldfiekls at 20s 9d and 19s 6d; Progress Mines at 14s 9d; Old Haurakis at 2s 7d to 2s 5d to 2s 4d to 2s sd; Ngatiawas at Is; Champions (contributing) at 3s lid; Crowns at from 7s Id to 7s to 7s Id to 6s lid; Golden Belts at Is lid; Karangaliakcs at from Is 3d and Is 2d; Komata Reefs at Is 3d' and Is 4d; Tairua Broken Hills, 3s 6d and 3s 4d; Tairua Golden Hills at 2s lOd to 3s (9d paid), and 2s 9d to 2s 3d to 2s lOd to 2s 9d to 2s lOd (6d paid): Tairua Triumphs at Is 9d and Is lOd. Several smaller priced lines also sold freely. There is very little alteration to be noted !in the state of trade since last report— if anything it can be cited as a trifle weaker; but this is only to be expected, as wo cannot anticipate always being wound up to concert pilch. There are no fresh arrivals of over-sea steamers to report. The Aeon is expected from Sydney about to-morrow, on her wav to the Islands and San Francisco. The Morayshire is now fully due from Liverpool with a substantial cargo for this port, The African Monarch will be due about Saturday next from New York with turpentine, etc.. ami the Mimirn about the Monday following with a 'cargo of kerosene, etc., a largo quantity of which has been sold to arrive. . ".. Cocoa. Beans: Current quotations from. Ceylon show a slight rise in the market for the well-known grades. Cornflour: Wo expect to se an advance,in. price for this line in the near future., Cinnamon Chips:/ Market rather quiet, and demand limited. Desiccated Coeoanut: No change to report. Prices for prompt shipment still remain low. Good slocks are held on the spot, and are meeting with fair sale. Evaporated Fruits: The prices for new season's dried fruits are to hand by. cable, and buyer-, are taking advantage of the low quotations. . ' Petit Pois: In • rather short supply, and replenishing stocks will not be to hand for some time. . . , Sardines: Spot stocks are meeting with good demand, and prices should be well maintained. ' * ' ... Wax: Market remains firm, and advices by cable signify that prices are likely to be higher for the coming season. Pi" Iron: Market .-till firm, and supplies coming forward are meeting with ready demand. • ~ ,■,.•■ Linseed Oil: Advice per cable states tnat market is firm, with upward tendency. There is likely to bo a shortage m this line. owing to shipments being on the Star of Oysters: Stocks in first hands arc very light, and prices for the new pack should be' through shortly. Castor Oil: Market unchanged for July shipment, and price seems more likely to advance than decline. , ~./.. Currants: The demand for this line is rather dull at present. Prices have firmed up' for prompt shipment. Canned Fruits: Favourable reports have been received regarding the new seasons crop, and we anticipate that, the prices named will enable merchants to moot the extra rate of duty that is now imposed on ! American canned gods. Potatoes: The market is rather bare at the present time. Supplies by Monday's boat are pretty well exhausted. The arrival of i the Monowai with a fair shipment mis relieved matters somewhat, but stocks will be on the low side- until the arrival .01 the steamer next week. Imports from the South, which are principally " Up-to-dates, are giving general satisfaction, and the quality is i preferred to the Tasmanian imports. The L price still remains at £6 ss. ! Onions : Stocks in the hands of merchants j are now running down.' There is a good . demand, and the tendency points to a rise. The price remains at £8 ex store. Oats: It looks very much as if the oats that were bought at a low price, and have been selling here keeping this market down, have been- now pretty well exhausted, as merchants are firmer, and are asking prices that are more on a par with those ruling in the South. There is a decidedly firmer tone in the Southern market. Stocks held here at present are not excessive, and the market is likely to be bare before the Bluff steamer comes in. The ruling quotation to-day is os Id. , , . \ Algerian oats are very difficult to obtain just now. and merchants are anxiously awaiting the arrival of the Laira from Melbourne, with a. cargo of African oats. This vessel left Melbourne last week. Chaff: There is a strong demand for this. Most of the supplies are coming from the South, and the tone of the market v is most decidedly firmer, and, as sales are now taking place for export, higher prices are almost certain to rule. So far no alteration has taken place in the local quotation, which remains at £6 lCs for Southern. Local-grown is coming forward more freely, and is readily sold at £6 ex store. This will probably rise in sympathy with Southern. Fowl wheat is just as firm. Stocks are light, and it is difficult to obtain fresh supplies from the South. Price remains at 5s 3d. Bran: There are only moderate stocks on hand. A rise has been notified in the South, and the local mills have also increased their price; £6 17s 6d is to-day's quotation. Pollard: This has also risen, and the price is now £8. Supplies are light, with no falling off in the inquiry. , . Barley: The demand still continues. Stocks are on the low side; the quotation remains at 4s 3d to 4s 6d. Oatmeal: Both Southern and local millers have notified a rise of 10s a ton in this. . , . Maize: There have been no arrivals since our last report, and the market now is absolutely bare. The nominal quotation is 5s 6:1 ex store, but, should any come to hand, a higher price than this could be obtained. There has been a rise in the Australian market, which has prevented imports from there by the incoming boat on Monday. ■ Fungus is coming forward very slowly. A firm market continues at 4gd. Flax: Although in the early part of the month the deliveries kept fairly up to the average, there is now a slight falling off. which may be accounted for by the weather being unfavourable, and the demand not being quite so good.. The latest advices from London show a still weaker feeling, but there has been no material change in quotations. The nominal values to-day are for G.l'., £22: for F.A.Q., £20 10s to £21; and for common, £18 lo £19. Tow: This is only arriving in very small quantities, and is worth from £4 to £5 for export purposes. Ceylon Tea: A feeling of uncertainly has prevailed on: the Colombo market during the past month, due in a large measure to the disappointing quality of supplies. Prices generally have gone lower, but had expectations been fulfilled in regard to quality, it is more than likelv that exactly the opposite would have resulted. Not for many years have up-country estates produced such poor teas ■ during the months of February and March. Of really fine invoices, there have

been practically none, while supplies from the low const ry have aim fallen considerably below the usual standard. This may be explained, partly owing to unfavourable weather, hut in. too many instance* we are afraid coarse plucking has been adopted, for a lot of the teas, more particularly from the low country, have been very red and ragged in leaf. From the standpoint of _ Russian buyer*, who are now Ceylon's principal customer* for whole-leaf descriptions, these teas are very unsuitable, and consequently have . been more or less neglected by them. The lower quotations registered are thus somewhat misleading, and the actual drop in values is not as great as may appear: for instance, while there are many Pekoe Souchongs selling at 35 cents., sound standard tea of this grade easily commands 38 cent".

KAURI GUM. The supplies for the seven days of May reached 112 tons, as against 147 tons for the same period of last May. showing a falling off of. 35 tons. The deficit for this year up to date is 898 tons. The receipts for 1907 were 3039 tons, and for 1903 2141 tons. There is very little alteration in the market to report, business being; very dull; but inquiries are getting more frequent, and were reductions made some heavy lines would change hands. This is more noticeable in poor qualities. Pale selected is not over-abundant. Shippers are inclined to operate where slightly reduced prices are asked. Ordinary: There is still - a steady business doing in good lines of reseraped, but the quantity on offer is not excessive. Price has not advanced, and is not likely to do so. Small lines of superior three-quarter-scraped are changing hands, but- the extent of business is not very great; slocks are still moderate. There is not so much doing in medium ordinary, or in good washed nuts. Chalk and swampy sorts are moving off in small fines, and some few sales have taken place in poor white swamp. East Coast:' Very little coming forward, but there is a total absence of buyers. This may last for some little time.

Black: Reseraped is still being inquired for, but there is very little available. Bold lumps well-cleaned can be sold if lower rates were accepted, but brokers do not seem inclined to meet the views of shippers in this respect. There is very little doing in three-quarter-scraped steel, ample stocks of which are now held hero. Medium blacks and good black nuts are being quitted at about last week's prices. There is very little black sugar changing hands.' Bush: Although supplies are'only nominal, there is no inclination on the part of shippers to operate at all, and bled bush,, of which there is a fair stock here, is entirely neglected.

_ Chips and Dust: Bright chips are salable. Good ordinary chips and diggers' ordinary chips and dust are still increasing, without finding buyers. Black riddlings, black seeds, and coarse black dust in dry condition are quitted in small parcels.

AUCKLAND STOCK EXCHANGE

BUSINESS. DONE YESTERDAY.

Previous day'* closing sales. £ 3. d. New Zealand Insurance- 2nd call. 70s 6d — N'cw Zeal.ind Ijoan and Mercantile 2nd (Mil. bis _ Westport foal—3rd call, £7 Is ... _ Auckland Trainwiivs (ord.)3rd call, 24s 3d; ... ... ' _ Wilson's Portland Cement • (iiref.)—3rd call, 13s 6d ... _ Southern Queen—lst call, 3d; 2nd call. 3£d _ Waiotthi—2nd call. 2s 8d : 3rd call. 2s 3d 0 2 8 Consolidated (ioldttelds—3rd cull. 19s 6d — (iolden Pah—lst and 2nd (Mils, 5d ... 0 0 4.] Old liatiralu— call, 2s 4d, 2s 5d ... 0 2 5 Ngatiawa— call, In (.'olden Belt—2nd call, Is lid ... — Karuugaliskc— call. Is 2d 0 13 Ready Bullion— 3rd call, 6 1 <1 ~ 0 0 6 Tairiiii Broken Hills —Ist call, 3s Ad ... Tairua (..olden Hills (6d paid)— call, . '2s lCd ... . ... ... ... ... 0 2 3 .'-Taii-na... Triumph— 3rd call,-Is 9d, Is lOd ";"— '.': Talisman—2nd ea'd.'.SOs ... ,'. 210 . 0 Wailii— and '3rd calls,. £9 13s' ... 913 0 Wailil Consolidated—3rd call. Is lid ... 0 1,11 Wailii Kxtetidcd—3rd call. 3s 7<l ... — Waihi Grand Junction—3rd call, 33s 3d 1 15 9 # .

FROZEN MEAT MARKET. [Hl' TELEUIIAVH rBK33 ASSOCIATION.] Napier, Thursday-: Tin- . Colonial Coiisianincnt and Distributing Company cable as follows :—Frozen meat, price? are unchanged- - . IJI-NEDIN STOCK EXCHANGE. [BV TELEGIIArn.—TRESS ASSOCIATION, in.NEniN, Thursday: The. ''following Stock Exchange sale has been reported :— Alexandra Lead, ii 9d,"

■WHEAT- AND FLOOR. . RISE IN PRICE PREDICTED. V A further,rise in the price of wWnt is .expected during .the next •-. month or, mi. Spanking to a Wellington, reporter on Use subject. Mr. .lames McC-rifl." a Palmerston flmir-miJler, said that during bis recent trip in the Smith he had found that there wws practically no wheat offering at the promt quotation of 4* 8d per bushel f.o.b. The Canterbury farmer*, for instance, are standing very. tight, and absolutely won't sell. .: If a miller does not like to give their price, they calmly remark that the-strain i* in store, and m all right. Some of them are holding out for 5* per bushel f.o.K, and Mr. McOill its quite., confident that ere Ions; they will pet it. I Even fowl wheat is now being quoted at 4s j 7d per bushel. He consider* that there i* » [ shortage of wheat in New Zealand already, { and that, it will become very much more j marked unless Australia can supply the de- j ficiency. • .„...} A ri-« in the price of flour i* aLto con- | sidered within the bound:! of possibility, Air. | MeOill raying that if there i* the slightest j upward move in the London market it wilt immediately affect {hat ..in: Australia, and through it the New Zealand quotations: Already the London market is firm, with « rising tendency. In regard to the other lines, Mr. McGill is confident that there will be a ri.-e in the price of potatoes. Chaff is very firmly held, in spite of the price having receded 5s per ! ton. However, a, reaction may take place j almost any time. He does not think that oats can firm a great deal, unless there is a { demand from outside. The present quotation is 2s 7d to 2» £d f.0.b., g.f. MESSRS. ALFRED BUCKLAND AND SON'S" REPORT. Horses : At the Haymarket on Friday last an average number was entered, principally of a mvdium class. No young heavy draught* came- totward. Heavy, f-piine-eart horses and* medium draughts. £24 to £35". aged heavy ; hor*?*, ill | good working condition,.£2l to £29 active torts, i suitable for butchers' or bakers" work. £17 to I £22; good hacks and buggy- lioirse*, £12 to £13 [ Ins; an upstanding six-year-old hay gelding, £31 J 10s; pah of medium unbroken colts. £52 10s; : light harness and ordinary hacks. £i to £11 Its: | ponies and weeds. £4 downwards: a dogcart, £, ; <. \ The Waluku Yards on Saturday were well tilled i with stock. Big steers were rather dull of sale, \ and oilier claws sold at ruling prices. Dairy.! tows and heifers, £4 to £6 os; others. £2 5s to i £3 15s; fat cows "and heifers. £4 10s to £6 hs; "j small fat steers, £7 2s fed; Hirer and a-half to j four-year-old bullocks in condition, £S 17» to £6.7k 6d; two to two and a-half ve;tt olds,. £3 7s to £3 17s; yearlings, £1 13s to £1 16s; empty young cows, £2 5s -to £3 2s 6d : -.calves IS* to £1 4; smaller, B.* to 13s: small piss. Es to 10s. A small yard! was disposed of at Wellsford on Monday and Kaipata Flats on Tuesday. At Itemuera on Thursday dairy eowrt sold from £3 to £8. according, to Hgo and "qualify; dry. 30s to £4; strong calves, 15s to 25*; voticg and fat calves, 2«: to £3.; 56 sold. The beef pens were well tilled, 42!. head being sold. Several lots, heing not Hutfifientlv fattened, were bought by the grazier*. Ox beef sold Up to 23« the 1001 u and cow to 21!». Steers ranged in price, from £;; 10s to £10 10s; cows, £4 to £7. Oil. There was an average yarding of both mutton ami lamb and no improvement in values. Wethers sold from lis to 25*; ewes. 12s to 21s Od; lambs, tin to las; ewe* in lamb. 13s. i'igs of all classes brought ; extreme values. . \ Hides. Skins, etc.: Hides—Ox,' extra stout Hd. prime 6d to 7d, medium and light SI to sjd; cow, 3id to 4}d : kips. 2-Jd to 3d : calf, 3d to 4,1. Tallow sold at lower prices, from 20s 3d-to 255. Hair, Is 3d. Hones, 4s 9d. Sheepskins are lower. Butchers', best, Is Td to 2s; .lambs', la Id to Is 7d. MESSRS. C. W. BINNEY AND SONS' ■ REPORT. We submitted mid cleared very large enfalogucs of. hides, skins, tallow, etc., at Tuesday's sale. Hides; Market, continues very firm, with good competition. Ox, extra stout, 7i'l to 7.Jd, stout 6pl to 6j,'d, medium sjd to 6d, light 4Jd to 3Jd ; cow*', best lines ,4td to 4|<:l. good 4'i.t to 4(Jd ; mugs' 2d to 2Jd; kip. 2J.cl to 3d; calfskins, 3j.il to Id; cut and damaged, 2d to 3Jd per lb. Sheepskin* : Market- firm. Pelts add lambskins, best. Is Oil to Is 9d; others. Is to Is 4d each. Tallow: Market easier, lies! mixed, 22s 6d to 245: good, 20s to 22* inferior, 16s to 19s per cut. Hough fat. I'd per lb. Cowtails, Is Hd per dozen. - Bones. £4 15s per ton. ' , 1 .; ! LONDON. . n By Telegraph.—Press Association.-— Copyright. "Z,Z .. -'. J;''.". ''■;.'-' -""' .IjOA'DOX, May, 6, v..., '- . WOOL. SALES. ■ ,',',' i Owing to, some shippers" instructing to hold wools brokers offer only 245,000 bale*, including l'untit Arenas and I'alklauds wools, at the forthcoming sales. TALLOW MARKET. - ..At? the, tallow auctions 1347 casks were offered. and 554 sold, prices being unchanged, . • - METALS. .:. , Silver, 2s pet" ounce."" . ■ \ Copper: On spot, £57 17s 6d; at three 'months,' £5« 2s 6d. Tin:. On spot. £142; at three months, £141.

CLOSING QUOTATIONS. Sellers. Buyers. £ fi. cl. £ ». d BANKS— New Zealand ... ... 0 10 0 National ... & 6 6 5 5 6 INSURANCE— New Zealand 3 15 6 3 15 0 National ... 17 9 — South 'British' 2 19 6 2 17 0 FINANCIAL— . Notional Mortgage and Ager.ev • ... _ .3 0 0 X.K. and River Plate ... 1 13 0 1 12 0 COAL-' Hlicurangi ..096 090 Norfc. Coal, 10s "paid ... 0 16 3 0 13 10 Taupiri Mines, Ltd. ... 10 0 0 19 3 Westport ... 7 2 0 7 0 0 Westport Stockton '...096 086 GAS— Birkenhead and Northcoto 1. 6 6 — Gisbornc ... 2 13 0 2 12 0 SHIPPING— Union S'.S. ... 1 15 6 1 14 6 Northern, ecu — 0 3 3 Northern, paid up ... 0 18 0 — MISCELLANEOUS— Hibberd's Syndicate, eon. -- 0 8 0 Auckland Turkish Oaths — 0 SO Auckland Tramways,- prof. 1. 4 6 • — Auckland Tramways, oid. 14 6 112 D.S.C.,, Limited ... ...-Ofi 8 ;; 0 5 4 Hill and Plummcr; Ltd... 110 - — H.M. Arcade' Theatre Co., pref. .. ... ... 10 6 0 ID 6 H.M. Arcade Theatre Co., ord. ... 0 19 0 — Milne and Cbovee, prcf. — 12 6 N.Z. Portland Cement Co. 19 0 17 6 New Zealand Pone? Mills 13 6 — Union Oil ... "... 116 — Wiseman and Sons, ord. 0 13 0 0 12 7 Wilson's Port'.arni Cement Co., prcf. ... ... ... 2 10 0 2'3 0 Wilson's Portland Cement Co., ord. ... ... ... 2 3 6 2 7 6 MINING— Bonanza, con. D 0 4J — Halcyon 0 0 5 — Kunnui 0 0 3 KuranuKTalcdonian ... 0 0 11 0 0 9 May Queen ... ... 0 19 0 17 May Queen Emended ... 0 0 5 New Mart, paid ... ... 0 0 5 — New Moanataiarj 0 0 4 0 0 2' 2 New Monowai C 0 6 0 0 3 New .Sylvia 0 17 0 16 Old Alburnia C 0 10; 0 0 8 Saxon 0 0 Li 0 0 5 Scandinavian 0 0 7 •- Southern Oueen 0 0 "A 0 0 3 Temple Bar 0 0 2" 0 0 1 Thames 0 0 11 Victoria 0 10 0 0 9 Waiotahi . . 0 2 9 0/2 8 Waitangi 0 2 6 — Watchman ... ... ... 0 0 5 _ Mount. Zcchan. con. ... 0 0 6 — Consolidated Goldlields ... 1 0 0 0 19 0 Prepress Mines ... ... 0 15 0 0 14 0 Blackwater 15 6 14 6 Golden Pah 0 0 5; 0 0 4', Uauiaki Freehold 0 0 7 0 0 4" Kapowai, eon 0 0 6 — Old Ilauraki Gold Mines.. 0 2ft 024 Old Kapanga ... ... 0 0 24 0 0 1 Tangiaro ... 0 0 6 0 0 2i Tokatea 0 0 4J, 0 0 3 Sunbeam Gold and Silver, Is 6d j aid 0 0 4J 0 0 2i Ngatiawa ... — 0 10 Aupouri 0 0 4 — Auckland ... ... ... 0 0 7.1, — Brilliant Block, 3d paid... 0 0 54 0 0 4 Comstock, con 0 0 8 0 0 5' Coronation ... ... 0 0 2 — , Champion, paid up ... 0 4 10 — Champion, con. 0 4 0 — Crown 0 7 0 0 6 9 Dominion, 6d paid ... 0 0 54 '" 0 0 4} Durbar ... 0 0 a" — Goldeii Belt ... 0 1 11 0 19 Golden Cross ... ... 0 0 5 .004 Kirikiri. con 0 0 4 0 0 2< Kaiangahake 0 13 0 11 Komata Reef? 0 14 0 13 New Waitekauri 0 0 7 0 0 4 Pride of Waihi 0 0 3 — Ready Bullion 0 0 7 0 0 6 Rising Sun 0 0 7 0 0 5 Silver Hill ..007 0 & 54 Tallica 0 0 5 — Tairua Broken Hills. ... 0 3 6 0 3 3 Talma Consols 0 0 4 — Tairua Golcen Hills. 9d paid .030 0 2 11 Tairua Golden Hills, 6d paid 0 2 10 0 2 9 Tairua Extended 0 0 54" 0 0 4.= Tairua Triumph 0 1 11 0 19 Talisman Consolidated ... 2 10 6 2 10 0 Waihi .'. ... 9 13 3 9 12 9 Waihi Beach 0 0 8 0 0 6 Waihi Consolidated ... 0 2 0 0 1 10 Waihi Extended 0 5 8 0 3 6 Waihi Grand Junction ... 1 15 6 1 15 3 Tfi Puke Reefs 0 0 6 0 0 3 Mountain King, con. ... 0 0 1, 0 0 5 Maharahara Copper ... 0 5 fl Whangaroa Amal 0 10 — Lanigan's Antimony Mines 0 0 o — CALL AND DIVIDEND LIST. Dividends. Hue. Northern Coal 0 0 6 Now Calls. „ n , ,. Rising Sun, April 10 0 0 1 Now Kuranui, April 27 ... -0 0 1 May 18 Magnet, April 30 0 0 1 May 18 May Queen; April 23 0 0 1 May '27