COMMERCIAL.

New Zealand Herald, Volume XLV, Issue 13768, 5 June 1908, Page 3

COMMERCIAL.

A FAißtt-; busy market was experienced on the Stock Exchange during the week. In investment stocks Bank of New Zealands sold from £9 5s to £9, closing with sellers at £9, and buyers at £3 17s. New Zealand Insurances sold at £3 I6s, and more are offered at £3 16s 6d, with buyers at £3 15s 6d. Nationals sold at 26s 3d, and there are further buyers at 265. There, were, sellers of Standards at 22s 6cl. In coals Taupiris sold at 19s 6d, closing with sellers at 19s 6d, and buyers at 19s. There was no material alteration in other coal shares, and there are no transactions reported in gas stock. In shipping there were sales of Union Steams at 355, with further sellers at 35s 3d, and buyers at 34s 9d. Northern Steams (paid up) sold at 16s 6d, closing with sellers at 17s 3d, buyers at 16s 6d. In timbers there were sales of Kauris (con.) at lis 6'J and lis 9d, and sellers now ask 12s, while buyers offer lis 9d. Electric Trams (ord.) sold at 22s 6d, and there were further sellers at -23» 6d, buyers at 22s- Hill and Plummers sold at 20s 6:1. and there are sellers at 225, and buyers at 19s. New Zealand Portland Cements told at 23s 6d, 22.-. and 22s 9d. closing with sellers at 235, and buyers at 22s 9d. In mining Wailiis sold from £9 13s 6d to £9 13s 9d. to £9 13s (cum div. and bonus paid on June 1), and from £9 5s 6d to £9 3s to £9 6s 6d (ex div.), closing with' sellers at £9 6s 9d, and buyers at £9 6s 3d. Grand Junctions sold from 36s 6d to 57s 3d, to 54s 6d to 37s to 365, closing with sellers at 36s 6d, and buyers at 35s 9d. Waihi Extcndeds sold at 3s 5d and 3s 4d, and Waihi Consolidated* were done from 2s <kl to 2s 6d to 2s 3d. Talismans were sold freely from 47s 6d to 48s 3d to 46s to 48s 6d to 48s.' closing with sellers at 48s, and buyers at 47s 9d. Crowns sold from 6s 3d to 5s lid; Champions (oaid up) at 4s 2d and 4s 3d; Tairua Golden Hills (6d paid) from 3s 6d to 3s sd; Golden Belts (paid up) at is lOd;. Waiotahis at 2,-»'lld and 3s; Waitangis at 2s 7d and 2s 9d; May Queens at Is 4d and Is 3d. There were numerous sales of low-priced stock.

Although for some time past the impression seems to have existed that business during the next month or two would show an appreciable shrinkage in volume, we are pleased to be able to record that up to the present this surmise has not been verified. A temporary shortage of ready money cannot lie looked upon as indicative of a depression in the wholesale distributing trade? generally, as this event, is a recurrent one at this particular season of the year, and, all tilings being considered, we look upon it in a measure as having a salutary effect on the commercial situation generally. Tn the meantime, the wholesale distributing merchants are kept busy; the period for forward bookings has now set in, and some good business is being put through on this basis. The hardware merchants are transacting a, satisfactory volume of business, and the soft goods warehouses are also experiencing a brisk demand for seasonable lines. The fancy goods houses are busily engaged in indenting for the Christmas trade, whilst the various industrial establishments are working good lime. Canned Fruits: As forecasted, quotations for the new pack of American have been, named, same being on a lower basis than has ruled for some seasons past, with the result that business has been done for forward shipment. .''■ Canned Salmon: Quotations for the new pack can shortly be expected, and in the meantime spot holdings are moving freely. ;l Carbide of Calcium: The forward position remains very firm, with an advance probable in the near future.

;| Prunes: Replenishing shipments tire awaited by s.s. Boveric. which is at present about 10 days off. ; ( Evaporated Apples: Spot stocks are nearly cleaned up, and early arrivals will come to a 'good market. For new fruit the price re'mains unchanged. - .'. Desiccated Cocoanut: Price is on a safe level . for operating, having touched, the lowest point for a good number of years. : Haricot; Beans: Local holdings are not heavy, and with brisk demand business has been put through in futures.

'»■ Sicily Almonds: Price for new fruit is 'firm, and we look for an advance before, long. ■ .'■' Jordan Almonds: Price for new crop can be expected any day. Old fruit is now very .pearly bought tip, and only small quantity is •held locally. ';;\, Sardines: Meeting with ready inquiry, kjvith forward position firm. % Candles: All brands arc being asked for freely, and the question of future price is giving some cause for discussion. Codfish: Prices for the new pack are slightly higher than la.st year. .Camphor: Opinion seems to be that price will have to move up. Dates: Forward market steady, with good inquiry for spot parcels. Kapok: We look for price to advance for what remains of the old crop. Whitehead: Market has eased slightly. Miklura Fruits: ..Sultanas have given every satisfaction, and larger quantities could have j: been placed if fruit Jiad been procurable. Potatoes: The Wanaka lias arrived with a cargo from the South, and the Munowai is due this morning. The market is now well supplied. There has been no alteration in price, and the demand keeps quite up to the usual. The present quotation is £6 ss, ex store.

Onions: Stocks held here are now running rather light. Canterbury is the only source of supply. Price remains at £9, ex store.

Oats: Tho Wanaka brings a cargo to a bare market. A considerable quantity of these have been sold direct from ship's side. Tho'position remains practically the same in the South. There has been no alteration in the quotations. Price locally, ex wharf, is 2s lid, and 3s Id ex store. The shipment of African oats per Connie Craig from Melbourne is costing more to clean than was anticipated, but the merchants can only get 4s 6d for them. Nov.- that they are cleaned they are very satisfactory. Fowl Wheat: If anything, the market is easier in the South, although there is not much offering. Price locally is 5$ 4d, ex store.

Barley: There is a good demand at 4s 6d, ex store. Stocks am on the light side. Peas: Prussian Blues are selling well at 6s 9d, with fair stocks, principally imported. No other kinds are wanted.

Maize: The Mangapapa brought 192 sacks from the 'Coast. The market is fairly well supplied, but. there are not likely to be any imports by the Sydney boat due on Sunday. We look for the market to steady itself. At present 5s 3d is wanted, ex store, for old, but new season's is difficult to quit unless in small lines tit a much lower price.

Chaff: Business is rather quiet, but the price has undergone no change, remaining at £6 15s to £7 for Southern. Arrivals from the South arc; now getting less, but stocks here are fairly good. There are only small offerings of local, which is worth £6 to £6 ss.

Bran : There has been no alteration in the price since our last, ami to-day's ([notation is £6 7s 6(1. Stocks are rather light, with a good demand.

Pollard: This is selling at £8 ex storo, with offerings on the small' side. Fungus is not coming forward freely. The market is firm <*il: sgd per 11). Flax : Deliveries continue very light. The London rararket show's that there is a tendency i here towards a further droo, but, as the offerings from here are so limited, prices have not been altered. Good fair may he nominally quoted at £22 f.a.q., at £20 10s to r £2l, and common at £18 to £19. Tow: Very little coming to hand; the demand not keen : price, £4- to £5. Indian Tea: The districts generally are still suffering from the drought, though light showers have fallen in a few places. Samples are arriving very slowly, and sufficient have not yet arrived to enable an opinion to be formed as to the quality of the first flush. The first sale of the season will be held at Calcutta to-day.

KAURI GUM. The arrivals for four days of .Tune reached 126 tons, and for the same period of June, 1907, 110 tons came' to hand, showing an increase of 16 tons so far for this month ; but the deficiency from January. 1 up to date is 1017 tons., as 2596 tons have reached here for 1908, as against 3613 tons for the same period of 1907. The market remains without any material change. There have been some small transactions in various grades, but low prices have to be accepted to induce business. Pale select is not selling so well: there is only a small stock on hand. Ordinary; There are still buyers for lines of good rescraped. Inferior parcels are not wanted. Superior thrcequarter-scraped ordinary is rather sluggish, there being very few operators, and weakish lines of this grade are extremely difficult to sell, the stock being rather heavy. Medium ordinary is not easy to dispose of, but, good washed nuts, if sieved, are moving/off slowly. Chalk with abit of heart in it has also been selling, and poor white swamp has been inquired for. East CoaM : Supplies »till keep on the light side. No sales have been effected for some little time-. , Black : There are buyers of good rescraped. Bold lumps, well-cleaned, have also been sold, but it ' looks as if orders have been completed. There is no briskness in the demand lor threequarter-scraped steel, of which then' is a plentiful supply. Medium blacks are selling slowly, and good hard black nuts

can be quitted if low prices are accepted. The demand for sugar is nil. Bush: A little rescraped is selling, but other grades are neglected. There is nothing doing in bled bush. Chips and Dust: Bright chips and dust are moving off. Good ordinary chips are not ii request. Digeers' ordinary chips and dust, if not of a muddy nature, can be sold. Black riddlingjs, black seeds, and coarse black dust, if indry. condition, are still salable. AUCKLAND STOCK EXCHANGE. BUSINESS DONE YESTERDAY. Tuesday's closing sales. £ «. d. Bank of New Zealand—3rd call. £3 ... — National Insurance— 2nd call. 26s 3d ... — Union Steam Ship—3rd call. 33* ... — Kauri Timber (con.)— 3rd call, 11? 3d .. 011 9 >. New Zealand Portland Cement— Mil, 225: 3rd call. 22t 3d _ Auckland Tramways (ord.l— 3rd calf, Hi 6d ... ' ... May Queen—3rd call, Is 3.1 Southern Queen—3rd call. 5d 0 0 ■>~ Waiotahi—lst call, 3s; 2nd call. 3*: 3rd call, J* ... _ VVaitaugi—3rd call. 2s 3d — Consolidated Gotdflelds— 2nd rail, lis 6d — Progress Mines—2nd call, lis 21 — Tangiaro f6d paid!—2nd call, Ed, 8- : u; 3rd call, 3d '.. 0 0 6! Tangiiro (Is paid)—3rd call, lOd Crown—lst call, 5s lid; 3rd call, 3? lid 0 3 11. Golden Cross—3rd call,.3jd Phoenix (6d paid)3rd call, 6>d ... Silver Hill— call, 6(1 " . . ... 00 5 Tairua Golden Hill* (6d paid)—3rd call, 3s 5d .... ... ... .. . . _ Tairua Extended— call. 9d ... 0 0 8; Talisman—lst call, 48s; 2nd call, 48* ; 3rd call, 43s 3d, 48s 6d ... .. 2 7 0 Waihi— call, £9 bt, £9 6s- 6d : 3rd call, £3 6s 6d ... ..: ... 9 3 6 Waihi Beach—3rd call. b.id ... ... — Waihi Consolidated— call. 2s 3d ... - Waihi Extended— call, 3s 4d ... — Waihi Grarifl Junction—lst call, 365, 37«, 36s 6d; 3rd call, 36* — CLOSING QUOTATIONS. Sellers. Buyer* £ i. d. £ i. dBANKS— New Zealand .'. . ... 30 0 8 IV. 0 INSURANCE— New Zealand, ... ... 3lb 6 515 0 National ... , — 16 0 Standard 12 6 — FINANCIAL— N.Z. and River Plate ... 1 12 6 1 11 9 COAL— " Jlikurangi — ' 0 9 0 Nort. Coal. 10? paid ... 016 0 015 9 Taupiri Mines, Ltd. ... 0 19 6 0 19 0 Wesiport Stockton, 9? 6d paid ... . . .. 010 0 0 9 6 Drurv ... ... ... 0 4 0 — Drill A pr'ef — 0136 GAS— Birkenhead and Northcote — 16 0 Gisborne ... ... ... 2 15 6 2 14 0 SHIPPING— Union S.S. 1 IS 3 1 14 9 Northern, paid up ... 0 17 3 0 16 6 Devonport Steam Ferry... 1 11 6 1 10 0 TIMBER— Kauri, con. 0 12 0 011 9' Leyland-O'Brien, Ltd, ... 2 6 0 — WOOLLEN— Wellington , _ 3 7 0 MISCELLANEOUS— Auckland Turkish Bath — 10 0 Auckland Tramways, pref. 14 0 — Auckland Tramways, ord. 13 6 12 0 D.S.C., Limited ...' ... 0 ,> 3 0 5 0 Hill and I'iununer, Ltd. 12 0 0 19 0 lI.M, Arcade Theatre Co., . pref. 10 6 010 6 H.M. Arcade Theatre Co., ord. 019 0 — N.Z. Portland Cement Co 1 3 0 12 9 Tonsoii Garlick Co. ...10 1) Union Oil 110 — Wiseman and Sons, ord. 012 9 ■ 0 12- 7 Wilson's Portland Cement Co., pref. ... ... ?. 9 0 — MINING— Halcyon 0 0 4 — Kurauui ... ' 0 0 7 — Kuranui-Caledoiuan ... 0 0 11 0 0 8 May Queen ...... 0 1 4 0 12 Mav Queen Extended ... 0 0 4 — New Dart, paid 0 0 4 0 0 14 New Moauataiari ... 0 0 6 0 0 3 New Occidental ... 0 0 3 0 0 2 New Svivia 0 16 0 13 Old Albumin 0 10 0 0 7 Saxon 0 0 6 0 0 4J Scandinavian 0 0 6 0 0 5 Southern Queen 0 0 5 0 0 4£ Thames ... ... ... 0 0 9 — • Victoria 0 10 0 0 2 Waiotahi .. ' 0 3 1 0 2 11 Waitaujri • ... 0 '2 10 0 2 7 Watchman 0 0 3 — Blaekwater 13 6 12 0 Consolidated Goldficldn ... 0 15 {1 0 15 0 .Progress Mines .. ... 011 6 — „ Golden Pali ... ..004 003 liauraki Freehold — 0 0 3 Old Haurulii Gold Mines 0 ,: 3. 0 2 1 ~Tnngi;;ro, Is paid ... 0 CI 1.1 0 OTO Tanigaro, bd paid ... 0 0 104 0 0 9 Tokatea 0 0 4" — Aupouri ..'. 0 i) Si 0 0 1 Npatiawa 0 12" 0 10 ! Sunbeam Gold and Silver, Is 6d paid - 0 0 3 Auckland 0 0 3 — Brilliant Block, 3d paid 0 0 .V, Ccinstock, con 0 0 a . Champion, paid up ... -- 0 4 0 Cliamoioii, con ... ... 0 5 6 — Crown 0 & 11 0 5 10 Dominion. 4d paid ... 0 0 :> — Golden Belt, paid up ... 0 2 1 0 19 Golden Belt, con. 0 0 3 0 0 6 Golden Cross 0 V 4; 0 0 3! Kirikiri, con ... ... 0 0 10 0 0 8 Kirikiri, paid up ... 0 1 0 CO 10 Karangaliakn 0 0 9 a 0 1! KomaU Reef* ... "... 0 14 0 1 ,3 Maoriland, paid 0 0 4 0 0 :<), Maoriland, con 0 0 3V New. Waitekauri ... ■ ... 0 0 s" 0 0 6 Phoenix, 6d paid ... ... 0 0 6', 0 0 6 Pride of Waihi 0 0 4" — lleadv Bullion, con. ... 0 0 6 0 0 2 Rising Sun 0 0 8 0 0 6 Silver Hill .. ' 0 0 6.1 0 0 bi, Tallica ... : 0 0 a — Tairua Broken Hills ... 0 3 4 0 3 1 Tairua Consols .003 — Tairua Golden Hills, 9d paid 0 4 0 — Tairua Golden Hills, 6d paid 0 3 5 0 3 0 Tairua Extended ... ... 0 0 9 0 0 8 Tairua Triumph 0 1 11 0 16 Talisman Consolidated ... 2 8 0 2 7 9 Waihi 9 6 9 9 6 3 Waihi Beach 0 0 6j 0 0 ?.', Waihi Consolidated ... 0 2 4 0 2 0 Waihi Extended 0 3 6 0 3 2 Waihi Grand Junction ... ' 1 16 6 1 15 9 Mountain King, ten. ... 0 0 5J 0 0 4; CALL AND' DIVIDEND LIST. Dividends. £ 8. d. Waihi ... ■-... ' 066 Now Tonson Grrlick Co. (also 5 per cent. on shareholders' purchases) Spc. Now Mount Lvell Mining and Railway Company ... ... ... 0 1 S June 15 Talisman " ... 0 13 June 25 Calls. Mav Queen Extended, May 10 ... 0 0 1 Now New Waitekauri, Mav 12 ... 0 0 1 Now Mav Queen, April. 29 0 0 1 Now Kapowai, May 14 0 0 1 Now New Sylvia, June 4 ..001 June 22 TRADE PREFERENCE. In the course, of an address delivered before a large meeting at the Liverpool Produce Exchange, (he Premier of South Australia stated that the exports of his State had increased from £5.700,000 in. 1904 to £9,000,000 last year, In which year 2605 ships left its ports. Dealing with South Australia's commercial relations with England, Mr. Price said that if the merchants of Liverpool would give them more for their produce than they were getting in London, they would send direct to Liverpool, and, moreover, they would smash up all the economics of the world by giving a bonus or subsidy to ships going to Liverpool. Some day they would understand it would be* better to give Australians some kind of a preference. Certainly it would come from their side, as they intended to offer to the British people a preference in trade matters.

MESSRS. ALFRED BUOKLAND AND SONS' REPORT. Horses: At the liaymarket on Friday we had a large sale. Entries in. all classes were numerous, with a good demand lor all young useful horses. Heavy draughts were well represented, and several changed hands at £46 10s to £50 for tour to six-year-olds from Palrnerston North; aged, £15 to £24: active waggon and spring-cart horses, £27 to £35; medium sorts, up to a ton, £17 to £25 10s; well-bred weight-carriers and carriage horses, £17 to £2o 5?; ordinary buggy and gig horses. £8 to £13 1m; lighter class, £5 to £7 10s; ponies and weeds, £4 downwards; light carts, in good order, £11 and £11 10s; horse rugs, 16s; knee rugs, 12s to Ids. We held our usual monthly sales at Welleford on Monday and Kaipaia Flats on Tuesday. Small yardiugs sold at ruling prices. There will be no sales at these yards during the months of July and August. At Kemiiera on Thursday dairy row* sold from £3 15s to £9 "* 6d. according to age and finality; dry, £1 10s to £3 10s; strong calves, to 20s; yearlings, to £2. Yottti), and fat calves, short of requirements, were in keen demand from 2s to £5 10s each :53 sold. Cess than the average number of fat cattle came forward and no improvement- hi prices. Ox beef sold to 21s per 1001b and cow to 2Cs. Steer* ranged in price from £5 12= 6d to £9 7s 6d : cow, £3 10s to £7 10s ; '260 sold. The sheep pens were fairly well filled with a good class of mutton. Best wethers brought from 18s to 22s 6d ; lighter weights. 15s 6d to 17s; heavy ewes, to IDs; other.', 12s 6d to ]7s, hoggets." 8s 6d to 16s : goats, 10s to £2 12s. Pigs, scarce, sold freely. .Small, 5s be! to 12a 6d: porkers,-to £2; baconers, to £3 15s. Poultry, Is 4d to 2s sd. Hides, Skin*, etc.: Ox, medium 3d to SJ(J, no heavy laid out ; cow lower, 3jd t« 4;<l ; stags - , 2Jd. calf and kip, 3d to 4J..1; damaged at. low rate* Tallow, 16« 9d to 20s 6<l ; horsehair. Is 4d ; sheepskins. Is to 2s; lambs', Is to li 3d; pelts, 6d to Is 3d.

MESSRS. G. W. BIN'XEY AN SONS" REPORT. At this %»efc.'» sale we mbwilteii unci cleared very targe catalogues of '(Met, skin*. tallow, etc. Hides: Market continue* firm tor ox. c«< easier Ox, extra stout. 7<l to 74/1: stout. 6p* to 6JJ; medium, &i<l to W. lißtit. «Jd »" SJfi; coat. b*at line». *i»t to 4;<l: gf>wi. JW to W. staj«', 2d to 2Jd. kip*, 4 r i to M; <-a!f-«no, 3jd to »d : cut and d»mas«d liii!?", i<! to ij<l lb. Mirc[.Bk!n*: Market firm. F"!'* unci l*mli»kin<. best. 1- 6>t to Is 3J; good, Is 2d to is 4rf; snuil. 9J to 1* each Tallow: ft*st mix**.!, to 22» 500J, 18* to 20»; inferior. 15* to 18* cwt. Rough f»,t. ljd p-r Hi '.Cowtails, is Hd pffr d»«en. Uoow, £# lit per ton. .STOCK. SALES. Th* N«."a Zf»ijnd Loan ami Mercantile .\sency Company, Limited, Hamilton, tejwrt:-—We Steltl our imtial monthly saie itt 'I- Awarmitn 00 Saturday, when the en.':; ■•! cJ'ttf was not 'as lanf! 1 iti usual, bur everything ">\<i at .-iiris-tJ--tory Jiri.-e?. YearUtti; .f>tee.r» urol-' L,\ It* to £1 !?.«'; calves. I".* to £1 7*; empty store i-o*i, £1 lis to i.l lis. a'-'-oriiim; to rendition: fresh-eon. • liticned rows, £;> i" to £,5 e»: heflers in calf, £3 17s bd. Pi?.*: Slips. 15i to iTs 6-.I ; «eauer», 11% lrlit Ohattpo on Tuesday about -%0 head of cattle were yarded Dairy cows to calve in spring realised irom £■» to £* 15s . ill)., .■:•>•.' to profit, up to £7: JO-niciit'ii-'ild »(rer«, £0 lis: 18-month do . £■'. 3s to £2 l!:.s; two ami ;v-h»lf ve*r empty heifers. &l 14s (■> £3 v. 13-month heifer*. £1 9s to £1 las: ralvo. 16» to £1 Wo h-ld our niidwititer t*i- a; 1..' Knits on th»v 3rd hist . -Alien 4CO head oi e.itlle .oel c'OO sheep were yarded. There a.is a itood attendance of buyer* from Te Puke. WaikJto. and all part.« ot the Kin.«,' Country, and »llliotij:li bidding was dull at the "hammer" when buyers and sellers were brooch', together everytliius fhatitted hniuls except three pens of heifers, drown fleers, in sjooi! condition, made from £4 J lis to £,>. 10-; two and H-lulf von- steers, £3 Via 6d to £3: month to two-year steer* (in t>risk deuiainn. £.: 10s to £.5 St. aeeurdins to iptalitv; (1 e«h.conditioned cow*, £2 7s bd to £3 ss; calves, 17- 64 to £1 ss. Sheep: All the wethers yarded were fold after the fcite from 7s to 13- 3d. Shoin lc;c«e!- (amall; made f>s anil mixed ewes 9s. Several horses were offered, for which competition v.as good. Strong harness sorts realised up to £20 and ponies up to £4 10s. ' FROZEN MEAT MARKET. [BY TELEtiJtAI'H.— PHES3 Assoi. IATIf iS. 1 NAt'tKit, Thursday The Colonial Consignment and Distributing Company, London, cabled the following meat i quotations to-day :—Mutton; Canterbury. 4Jd ; Napier. Wellington, and North Island, Lamb: First quality, bfc\ : second quality, 6£<l. Bed : Hindquarters, 3id ; foreqiialtrrs, 3d. LONDON. By Telegraph.—riesa Association.— Copyrijjht. London, June 3. METALS. Copper: On spot, £58 2s bd ; at three months, £58 lis 9d. Tin: On spot, £123 15s; at three mouths, £123 Kb. Iron. bin Id. Silver, 2s 0 5-lod per ounce. TALLOW. At the tallow auctions DOS casks were offered and 830 sold. Fine mutton, 33s 3d; medium, ..9s fad. Fine beef, 30s 3d; medium, 28s Oil WIiT.AT. The American visible supply of wheat is 23,707,000 bushels.