COMMERCIAL.

New Zealand Herald, Volume XLV, Issue 13766, 3 June 1908, Page 5

COMMERCIAL.

,1 Business was quiet on the Stock Exchange I ..- yt'stertay. In standard stocks a parcel of is ''.' : : ' Union! Steams changed hands at 355, and '.'■-; more .ivero obtainable at the game price, (V* buyer/ ottering 34-S 6d. Kauri Timbers (con,) were lone at lls'9d. In mining lines Waihis j told :rcely from £9 3s 6d to £9 3* 3d to -' - £9 3s'.6d, closing with sellers at £9 4s anil ,1" buyer- at £9 3s. Talismans firmed slightly, ft ',% and sties took place at 475, 46s 9d, 475, 47,s ' ',- 6cl, 47a 9d. and 47s 6d, while more were '■■< - anted at the latter price, sellers holding i '• out for 47s 9d. Crowns sold at 6s and 5s ;; ' lid: New Sylvias at Is 4d: Southern Queers r ! at, s£d; Dominions (6d paid) at 4|d; Komaja Reefs at Is 3d: Karangahakes at 8;U1; N^v \ Waitokauris at 7d; Tairtia Extcndeds ot .' , . B|d-; Tangiaros (6d paid) at 6^l; Kapowjis ;!:'>?:\ : (con.) at 2d. [ The Stock Exchange will bo closed to-cay in honour of the Prince of Wales' Birthday. The winter trade, in the Auckland protin- '■' ■ rial district has opened with favourable pios- ' ' pects. Though the demands on the stock/of V " the wholesale distributing merchants aroiiofc '" quite, so comprehensive, as could bo wished, ,' J V a steady flow of ! orders continues to fime to hand from both country and subd-ban • -v. /districts. ' '/ -' ' The keeping of stocks within a satisfactory ' .'' ' compass has during the past six months/been f attended with some difficulty, duo ij the fluctuating markets and the feeling 4 un- : T : certainty regarding the future. / !'•; • Canned Fruits: Quotations for thi now ■'■■■'•" American pack are expected shortly, and it I"' remains to be seen whether prices namkl \yill , • permit of competition with the- Anfraliun p.'; ' ' article, which has the advantage of (a preferential duty to the extent of ' 12J ik-j cent. l-i> ■ Salmon: Spot stocks arc moving]freely, and same should now command wry firm ,> ' prices, in view of the limited quantity in first hands and with prospect of n/w pack '~'• opening up at high rates. / s' ■V. Currants: Opinion seems to be tlat price l ' has touched bottom, although tip figure asked for what, remains of the old fop must *;■ ; depend to a certain extent on opting quotations for new fruit when the oxt/nt of the i; '• crop has been accurately gauged/ :': Sultanas: A good demand is ejected duri ■ ing the next month or two for spot parcels, and quotation for the new ftlit can be l }■ looked for shortly. / ■-i. ' Turpentine: Market has ease/ for prompt r ':*' shipment. ,' Clothes Pegs: Favourable Rotation has ; ' ' come through, showing the m/rkct to be a • ' little weaker. / i. V Shellac: Firmer figures are/iamcd for the ' v ' ' next direct sailing. ! ' . Tir.platos: Market appear; to be stead}-, and price asked for shipm/'t spread over next six months is favourabk for buyers. Pimento: Market, has eafcd and business ;'-*• has been done on current notation. >; Sicily Almonds: Quota/on for the new crop has come through on/a low basis, and i operating would seem to JR fairly safe. Linseed Oil: Tendency seems to be for " firmer prices to rule in \.\] near future. '.; • , Castor Oil: Still flucturfing, but now seems ' So be at. a good limit for faying. Acids: Market has a/ upward tendency, , ;\ which is not. surprising in view of recent •.: iow quotations. / Prunes: The comingfroji is not expected So be of large dimensions, which will mean ,'.'. that prices must rule/high: spot holdings A and parcels to arrive/arc being placed to advantage on an übsoaient market. Hides: Good supp/cs ■continue to come i 'to hand, and allhoud no change in prices £ ■'. took place compctit/in was not so active '; . at last week's sale. / -~; Sheepskins: Late |/ices ruling with brisker competition. 3 Tallow: No chajge to report, competition being very sjck, with tendency for y prices to be lower. / > . ■ "; Potatoes: The tictoria has arrived with ■t ' 1040 sacks and thn'Kaiapoi with about 3000 o, sacks from the Sojth. These have come to " a very bare. marfet. and we. do not expect ■ \-: any difference in price. There is a feeling 'in the South that the market will ad- > vance, as all dAU'cred are being readily y'■;.;: disposed of. Tien' were no importations •>v from Tasmania. /Trice £6 to £6 ss. •'=!>. Onions: The /"Victoria brought 123 sacks -:'■"-■ from the South but none came from Mel- j ; " bourne. This nifkct i; getting rather short. / Prices are firm at £9, and there is every chance of bcttei' v alues being obtained short'&J; ly. i '■■?'■' Oats: Stocks very light. The Wanaka is due about the end of the week with supplies from th Bluff. Merchants are anxiously looking or the arrival of this steamer. There is an impression that bats aro not quite so firmin the South, but this. is only ; - expected to 'e temporary. The price is 2s lis ex wharf There is a brisk demand, for ;"■'■;'" Algerian seti, arid merchants with machines i' arc very- hsy cleaning. These aro worth 4s 6d. T.'fe is a small inquiry for white Tartars fq cowing. ~" I ,-' Chaff: Australia is still in the market j'- for supples, and is purchasing for deliveries ! !'■, ahead. >» consequence Southern holders are ! I'l asking ]i?her figures. Stocks here aro ainpie ; fc for the time. Merchants are very firm with ! regard t) price as there is very little doubt i that thire will be a shortage later on. j ' • SonthfO is worth £6 15s to £7. Prime 1 '." local, >f which there are fair stocks, is I '&'■: worth i 6 to £6 ss. i ■';■ Fow Wheat: The market is slightly easier ; ' in til/ South, but there is no great quan- ; >: f- (ity »ti offer. Stocks are not very heavy j here .and the demand continues good at 5s 4d. I Maze: The Ngatiaiva brought 10 sacks i $ frou the coast, and the Wimmera 972 sacks | - ' fro* Sydney. The market is now well supplid, and the importation of Island maize frcm Sydney must bring the price down very j coisiderably. especially as quick sales have j f .to be made of this maize, on account of its J if;.'- tmdencv to become weevily, and the new j '!•■■ jiaize which is being sent up from the ?■,;, roust must also be realised on quickly, as it 3':'': vill not, keep, being too soft as yet. Old ;• "' - bcal, of which there arc fair stocks, is .',' . - vorth 5s 3d ex store; '.-■■■ Bran: A drop of 5s per ton was notified by the local mills »t the end of last week, and on June 1 another drop of 5s was advised, making 10s lin all. This brings the '.irice ex store to £> "s 6d. Advices from the South notify that the market there is just ■a-, firm as ever, Without any alteration in price, and supplis practically unobtainable. Pollard: Stock hero are, very light, and good business is Jeing done. There has been ; no change in thf price, which remains at £8 ' ex store. / Fungus: Tin/ comes forward very slowly, ;in consequence,of which exporters have adr* •'.;;','vanced their dotation slightly, which may ;■ ' he stated as 5/1. Flax : The deliveries for the month of May- "■ •. ■;■'. totalled 939 hies, equal to about 185 tons.. This is the smallest arrival for any month for the last ix years. The London market shows no cUvitre and latest cables notify -■' that it is aliPat lifeless, without any altera- •'" . tion in valus. The nominal quotations to* i:xj. : day remain It £22 for g.f.a.q, £20 10s to *,V £21 for f.a./., £18 to £19 for common. Tow: V«/y little arriving; demand very slack.' Tlii» is worth about £4 to £5. Ceylon Ta : The supply of tea at the Colombo sale/ of the 6th tilt, was again on a 1. large scale 2.539,7081b being offered. This j-. :'.'-, consisted t>r the most part of teas showing :' ; •• a further tailing off in quality, and lower quotation: were" made for all commonest 1 kinds. Tfere was a good demand, however, ' ' , and nrorc convpetiion than existed at last sale. WiJiout actually quoting an advance, j ' all kinds Vere fully firm at last week's prices. 'V . Anything possessing lip and good liquor was ,' clearer. -Buyers want teas with quality, and they are "exceedingly scarce. The good value ••' j offering in good medium brokens appears to ';./;/, be. drawrg buyers' attention, and these sorts are in ruich bettor request. The London market i* steadier for all kinds, and as the '/: Indian crop will bo late in opening, there ':/ may be some recovery during the next few • tf> weeks a the London market. Quality is ~ ," very po<r. on account of the forcing weather that has been prevailing lately, but we think the supply will fill off shortly with the con- '' tinuance of the present heavy rains.

K\UJU GUM. ' For the mourn of May 441 tons came to .' hand, showing a shrinkage for the month ■• in comparison rith May. 1907, of 170 tons. -■■■:'■ Tim arrivals Or the first live months of ~- 1907 totalled 303 tons, and for 1908. 2+70, k which makes tic deficiency 1033 tons. Up '' to June- 288 tms came to hand, showing an - increase on it* same period of Juno last ti" year. -, The market still continues very dull. ft Some small ales have taken place, hut /V- tlieso have ben principally in the lower V/;; , grades and recraped gums. There is very limited busings doing in any other grade. Inquiries arestil] coming forward from both i].Vf!' Europe and America, so ■ far without any ;', great result*from the latter place, and until the Ameicans start buying in earnest there is no chance of any improvement in ''■ \alue-. Jjrtv- long this state of things will last it is impossible to say. .';• Pale selct does not conn; forward very freely. Tfe demand is not keen. > ;: Ordinap : All good lines of rescraped or--.,iv* dinary mft'o off on arrival without alteration in valus. Good range three-quarter- ■ , scraped s not meeting with any great de- ; mand, Cilc-s -where prices are considerably lowered. The quantity available is not ;,, . t'xoossiv!. Three-quarter-scraped of a weak- {*": Mi natti" is diflicult to quit, there being largo stinks held here by brokers. Medium :Jg||iordinary is hanging fire slightly, but good washed tuts at low prices can be sold. •Small li/cs of swamp with heart and poor f;,'' swamp ale being inquired for. <•/<• ' Kfj*i (bast: Supplies still keep moderate. 'j.' None o/ilie exporters are operating in this - ! '' Vla«s at;the present time. \ r J. I \v J / &:?*'■ I". il

Black:.":A' slight demand hag get in for good rescraped. Some lines of bold lumps, well cleaned, have also been sold during the week at a slight reduction in price. Three-quarter-scraped hard steel has not yet come into favour; stocks' of this in the hands of brokers are rather heavy. There is a little, business doing in medium blacks, but hard black nuts aro not. so easily sold. Black sugar is not wanted. Bush: A.buyer has come into the market for a little rescraped; other grades of bush aro neglected. There is only a limited quantity on hand. Bled bush is still unsalable. - Chips and Dust: Bright chips and dust are selling. Good ordinary chips and dust are not moving off. Diggers' ordinary chips and dust can be quitted at low prices if free from mud. The demand for black riddlings, black seeds, and coarse black dust, if in dry condition, continues. AUCKLAND STOCK EXCHANGE. BUSINESS DONE YESTERDAY. Previous day's closing sales. £ l. d. Union Steam Ship Company—3rd call, 35s — Kauri Timber (Con.)—2nd call, lis 9(1... . — N'evv Sylvia call. Is 4<j — Southern Queen call, Sid .... 0 0 5 Kapowai (eon.)3rd call, 2d _ Tangiaro (6d paid)—let call. 6>l .00 6.', Crown—2nd call, 6s; 3rd call, 5s lid ... 0 5 11* Dominion (6d paid)—2nd call, ~. — Karangahake—3rd call, 3jd Komata Reefs—3rd call, Is 3d ... ... Maoriland (paid)—lst call, 4d _ New Waltekauri— call, 7d ... 0 0 7 Silver Hill— call, M .. ... ... 0 0 5 Tairua Extended— call, BJd 0 0 8 Talisman—lst call, 475. 46s 9d : 2nd call 47.-,; 3rd call, 47s 6d, 47s 9d, 47s 6.-1 2 6 6 Waihi—lst call. £9 3s M ; 2nd call, £3 5s oil, £9 3.« 3d: 3rd call, £9 3s 3d. £9 3s 6d 9 4 0 CLOSING QUOTATIONS. Sellers. Buyers £ i. d. £ «. d. BANKS— New Zealand 9XO 3 IS 6 National b 6 fa — INSURANCE— ■ New Zealand 3 16 6 3 15 6 National ... — 16 3 Standard 12 9 FINANCIAL— N.Z. and River Plate ... 1 13 0 1 12 0 COAL— Hikurangi ... — 0 9 0 Noit. Coal, 10s paid . . 016 0 015 9 Tannin Mines, Ltd. ...'IOO 0 19 0 West port Stockton ... 0 9 6 0 8 6 X)rury 0 4 6 — GAS-" Birkenhead and Noithcotr — 1-6 0 Gisbornc 2 15 6 2 14 0 SHIPPING— Union S.S. 1 15 0 1 14 6 Northern, paid up ... -- 0 35 9 Dcvonport Steam Ferry... 1 12 0 1 10 0 TIMBER— Kauri, con. 0 11 9 0 11 6 i Leyland-O'Unen, Ltd. ... i 0 0 — WOOLLEN— I Wellington — 3 7 0 MISCELLANEOUS— Auckland Turkish Rath — 10 0 Auckland Tramways,.jupf. 14 0 . — Auckland Tramwavs, ord. 13 0 12 0 D.S.C., Limited '. 0 5 4 0 5 2 11..M. Arcade Theatre Co.. , pref. 10 6 0 19 6 11; M. Arcade Theatre Co., Old. ■ Cl 9 0 — N.Z. Portland Cement to 12 0 10 6 Union Oil 110 — Wiseman and Sous. ord. 012 9 0 12 7 Wilson's Portland Cement Co.. prof. 2 9 0 2 3 0 MINING— Halcyon ... 0 0 4 — Kuraimi 0 0 7 — Kiiranui-Caledonian ... 0 010 j 0 0 8 Mnv Queen 0 13 0 12 May Queen Extended ... 0 0 4 — New Moanataiari ... — 0 0 2-i New Occidental 0 0 5J New Svlvia ..;'...' 0 15 0 1. 3 1 Old Aiburnia ... ' ... -- 0 0 T \ Saxon 0 0 s', 0 0 4J, ! Scandinavian 0 0 6 0 0 ft" Southern Queen 0 0 Si 0 0 5 Thames ... 0 0 9 0 0 6; Victoria 0 10 — ' Waiotahi .030 0 2 11 Waitansti ... ' 0 ?. a 0 2 6 Watchman ... 0 0 5 _ Blackwater 14 0' 12 Consolidated Goldiiclds ... 016 6 016 0 Progress Mines 012 C 0 11 0 Golden Pah 0 0 II 0 0 3 Uauraki Freehold ... ... 0 0 6 0 0 3 Kapowai, eon 0 0 4 0 0 1 Old Hauraki Gold Mines 0 2 3 0 22 Tansfiaro, Is paid ... — 009 Tangiaro, 6d paid ..009 (I 0 71 Tokatea ... 0 0 4 — Aupouri 0 0 2 0 0 1 Ngatiawa '. ... ... 012 0 10 Sunbeam Gold and Silver, Is 6u paid — 0 0 24 Auckland 0' 0 3 — Brilliant Block, 3d paid & 0 bi ,0 0 3.... . Conistocic, con. ... ...0 0 6 — Champion, paid up ... 0 4 4 0 4 0 Champion, con 0 3 6 — Crown ... .... ... 0 6 1 0 5 10 Dominion. 4d paid ... 0 0 5 0 0 4 Golden Belt, paid up ... 0 2 1 0 19 Golden Belt, cor. c. 0 8 0 0 6 Golden Cross ... ... 0 0 5 0 0 3j Kirikiri, con 0 0 10 0 0 S Ksrans.-.1-ike 0 0 3 0 0 8 Komat* iteets 0 14 0 1 3 Maoriland, paid 0 0 4', 0 0 3 Maorilar.u, con 0 0 31 New- Waitekauri 0 0 8 0 0 6J rhcenix. 6'! xmvi ) 0 fi 0 0 6; Pride of Waihi J n 0 4 . — Bisins Son ... *' 0 7 0 0 5 Silver Hill 0 0 6 0 0 4', Taihoa ... a 0 '• — Tainiil Broken Hil's ... 0 ," 4 0 3 2 Tairua Consols 9 0 3 — Tairua Golden Hills, Cd paid ... ■. .:. . . 03 10 03 6 Tair.n Golden liiils, ed paid ... ... ... 0 3 9 0 3 5 Tairua Extended 0 0 l' ; 0 0b Tairua Trhimph 0 i 10 0 10 Talisman Cu.-oiidalcd ... 2 7 ft '.'. 7 6 Waihi ... ... 9 4 0 9 3 0 Waihi Beach .. ... •> 0 V 0 0 6 Waihi Consolidated ... 0 2 5 0 3 3 Waihi Extended 0 3 0 0 3 4 Wailii Grand Junction ... 1 35 3 3 14 6 I Mountain King, con 0 0 &.', 0 0 4', i "' ~ I CALL AND DIVIDEND LIST. Dividends. £ s. d. Waihi C 6 6 Now Tonson Grrlick Co. (also 5 per cent. on shareholders' purchases) Ep.c. Now Mount Lyell Mining and Railway Company ... ... .015 June IS Talisman. 0 13 June 25 Calls. • May Queen Extended. May 10 ... 0 0 1 Now New Waitekauri, May 12 ... 0 0 1 Now Mar Queen, April 29 0 0 1 Nov/ Kapowai, May 14 ... ... 0 0 1 Now NEW ZEALAND LOAN AND MERCANTILE AGENCY CO.'S, Ltd., REPORT. Horses : At the Durham Yards on Friday horses were yarded in .larger numbers than lor some weeks, and anything of a good sort sold under good competition. Heavy draughts realised from £25 10s to £36; medium do., £21 to £32 10s; light harness horses, £10 10s to £20; hacks, £6 10s to £16; Courtland waggon, £30. Cattle: Ac the Newmarket Yards on Tuesday we had an average yarding of dairy and store stock and a full supply of beet. Dairy cows sold at from £3 10s to £3: heifers, £3 5s to £5 10s: empty cows, £2 2s to £3 2s 6d ; calves, TBs to £1 7.«. The beef pens were tilled with cattle of excellent quality, tome of them being very prime. They showed no improvement in values, however. many being bought for freezing purposes. Oxen sold" to 21s per lCOl'i and cows 17s to 19s per 1001b. A draft of 36 steers from Messrs. Held Brothers, Wainingi. averaged £10 10k. Steers sold at from £5 7s 6d to £11 7s 6d ; cows. £3 10s to '■ £7 15s. Sheep were yarded in full numbers at Newmarket on Tuesday and fold at improved rates, wethers selling at from 15s 6d to £1 4s: ewes, 15s fid to £1: hoggets, 12s 6d to £1 Os 3d; inferior fatted, 7s 6d to 12s.

Pigs: Porkers realised 18s 6d to £1 17s; weaneis, 10s to 13s 6d; uaeoners, £2 lOs to £3 7s.

At Clevedon on Monday 'diem was an average muster of both cattle and sheep, which sold at ruling rates. Northern Sales: At Tungowahine Hie yards were filled' with stock of good quality. Sellers asked above values at the opening of the pale. but eventually nearly everything was cleared. At Arupollue there was a good muster. Bidding was slack for a start, but. livened as the Hale proceeded, and a successful sale resulted. A nice lino of beef steers ot light weight, but good quality, fold well. We also penned some good two and a-half and three-year-old steers, which all sold, with the exception of one pen. At Raupo there was a jroou yarding, mostly of voting stock, which sold at ruling rates." At iMaiingaturoto there was ft small muster, vendors holding back for the spring sales owing to the. amount of grass in the district at the presenttime. Some big steers sold well, realising up to market rates. Young stock were dull. At Wellsford there was on average yarding, which sold with the exception of one pen of heifer calves. Cow beef bold well. At warkworth the sheep yards were filled, most of those yarded being wethers of a good stamp, which sold well lip to ruling rates. Ewes met a brisk inquiry. Cattle were yarded in average numbers and sold freely, with the exception of some, nice heifers, which wen: neglected. Some good two and a-halt' year old steers showing quality were keenly competed for. We quote for these sales: Grown steers, £4 15s to £5 15s ; three-year-old steers, £3 l!is to £4 15s; two to two and a-half year old steers, £2 30s to £5 14s: vearling to 18-month steers. £1 12s 6d to £2 15s; beef steers, £6 7e 6d to £6 15s; fat cows, £3 16s to £5 15s; fresh- conditioned cows, £2 12s 6d to £3 5s : one and two- - year-old heifers, £1 5« to £2 ss; dairy cows, £,5 10.H to £5. Sheep: Fat wethers, to lbs 3d ; forward store wethers, lis 9d to 14s ; store ewe*, 9s 3d to lis 6d ; full and broken-mouth do.. 5s 9d ; lambs, 6s 3d to Bs. Ifrrses.: Medium draughts. £20 to £28 10s'; hack*. £10 10s to £15 ss; ponies and weeds. 15s to £5 5.«. We submitted an average catalogue of bides, skins, and tallow on Tuesday. Hides: Market firm for all well-Hayed hides, scored and damaged being hard to sell. We quote—Extra stout ox, 7d to 7Jd; stout do,, 61d to 6 : d; medium do.. 5Jd to bd ; light do.. 5d to 51(1 ; cows', best, lines 4 ; '. d to 4Jd. good 4Jd to 4Jd, scored 3Jct to 3|d ; kips.' 2jd to 41d ; calfskins, 3|d to sd; damaged hides. Id to 3d. Sheepskins: Market firm. Best butchers' skins, 18 6d to Is JOd ; good, Is to le 4U ; small, 6d to 9d.

Tallow: Market firm. Best routed, to 22* 6d; grood, 19s 6d to 20s 6ct-; inferior, 16s to 17s 6d; rouiarh iat, lid to IJd prr lb. Bones, £4 15s. Cowtaild, In 8d per dozen. Horsehair, Is 2fl to In 4U.. Wheat: In good demand' at 5? 3d ex store. Oatfl are in fair demand at 2s 9£d c.i.f., wholesale lines. Maize: The market is overstocked with. Sydney and has eased to 4s 6d on the wharf. Butter: Best separator, lOd to KMrt; medium, 9d: poor, 3d to Bid. Cheese: Farmers' in in better demand at 4W to V,<\ Fungus is worth sd. CHRISTCHUROH GRAIN AND PRODUCE MARKETS. [BY TELECP.APH.—PRK33 ASSOCIATION.] OnniSTCHUnCH, Tuesday. 'flic prain and produce markets are at present very dull and little or no business of consequence has been done since • last report. 'Hie local wheat market, in sympathy with the London market, ha« firmed slightly, but there is next to nothing doing. Farmers are offering on a very limited scale, antl ,they do not feel disposed to accept 4s 6d, that bein; about the rate mentioned by buyers. 'Outs, if anything-, are a shade easier. Southern people have gone on making sales, which goes to chow that the Australian demand has fallen off considerably, if it. has not altogether ceased. Cow grass is still firm, and up to 10; d is paid for b*sr. heed.. / Potatoes have declined to £3 las per ton. There arc large quantities on offer, but buyers are not operating even at this quotation. The same applies to onions, the price having fallen from £6 5« to £6 2b 6d at country stations. Chaff is being bought for shipment to Sydney, and this week some iarge consignments will be sent away; DUNEDIN STOCK EXCHANGE. [BY TELEGRAM!..— ASSOCIATION'.] BU.vkdik, Tuesday. The following Stock Exchange sales have been reported :—Kite and Shin«», 30s ; Talisman Consolidated, 46.-, 46< 3d. LONDON. By Telegraph.—Press Association. Copyright. London, June 1. WHEAT AND FLOUR. The quantity of wheat mid hour afloat for the United Kingdom total" 2,875,000 quarters and for the Continent. 1,875.000 quarters; Atlantic shipments, 253.0C0 quarters: Pacific shipments, 3COO quarters,