COMMERCIAL.

New Zealand Herald, Volume XLV, Issue 13796, 8 July 1908, Page 5

COMMERCIAL.

I te ■ . ;■;■'■■■ ; At the Stock Exchange yesterday business i * •was confined principally to the smaller-priced mining stock*, a large number of sales being recorded. In standard stocks New Zealand Portland Cements'were firm, and sold at 31s PE-9d, closing with buyers at 31s 3d sellors at . 32?. Kauri Timbers (con.) sold at lis lOd, and closed with buyers at 12s, and sellers at 12s 2d. In mining lines Waihis firmed slightly and sales took place at £9 sa, £9 5s ||:"',, {>d, £9 6s. and £9 6s 3d, and more were sought after. at £9 6s, sellers holding out for £9 6s 6<L Talismans sold at 455, 44s fed, 44s 9d, and 455, and moro were obtainable }'" at the latter figure, buyers quoting 44s 6d. Sales in Grand Junctions took place at 355, 35s 3d, 35s 6d, and 35s 9d, closing with buyers at 35s od, and sellers at 35s 9d. A ifi parcel of Blackwatcrs was done at 20s, and i' they closed with buyers at 19s od, and sellers at 20s 6d. Consolidated Goldfields changed l;[' _ hands at 14s 6d, and closed with buyers at 14s 3d, and sellers at 15s. Sales in . Crowns took place, at 6s, and more were wanted at that figure, sellers asking 6s 2d. Champions !:"*.'-, (con.) were done at 4s lOd, and more wero wanted at that figure, sellers holding out for ss. Waitangis sold at 4s Id and 4s 2d, and more were wanted at the former figure, sellers asking 4s 3d. Waiotahia sold at 2s Bd, closing with buyers at 2s 7d, and sellers at f;/. 2s Bd. Tairua Golden Hills (6d paid) sold ; h «t 3s Id; Kuranuis at sgd; Magnets (con.) (•;'• at ljd; New Moauataiaris at sd; Southern Sv Queens at s_d and 6d; Thames at 6£d; Golden Pahs at 4d; Hauraki Freeholds at • 3jd; Brilliant Blocks (3d paid) at 3£d; Comstocks (con.) at 4>j;d; Karangahakes at 9d; Maorilands at bid: Ready Bullions (con.) at s£d, 6d, 6_d, and 6d; Tairua ConII - sols at 3id. . v The business handled during the past few • days by the general distributing merchants is brisker than for some weeks past, and the demands made on local stocks are of a satisl;f, factory nature. A feeling of confidence is gradually being restored all round, and- the general outlook, ■ whilst not showing eviI dence of' any abnormal activity, would seem :] to indicate that continuous business "can be | expected of a healthy and increasing volume. -\ . The recent unseasonable weather has had l\ -•'■". a marked effect on iS* business done by the retail establishments, but a continuance ot II '■■ ; present climatic conditions will soon • right '\-, . matters. The various local factories all have plenty it of work ■in sight to keep them fully occupied, and the number of public work*) shortly to bo commenced will provide activity for the building and allied trades for some time ; to come. ■:■'"-.■■ 'J:"■'■[. Sultanas: Demand for spot parcels has shown an improvement recently. The position of new fruit remains very firm, with farther adv?nce in price not unlikely. Desiccated jcoanut: Cable to hand advises an advance, which hardly comes as a surprise, in view of the lower price recently - ruling. ■-'.'__ "..'■ • ;, Currants: Little disposition is being shown . by' buyers to operate r>n the new crop,-and present information available seems to justify , this reticence. Local inquiry is brisker. Cartons, are in good request. . WhiMead: Market is easier for forward shipment, .but parcels close at hand are •commanding full prices. ,' Asparagus: Normal demand existent; prices for the new pack more likely to move '■■■ up than ; down. : V-....V'-"/'.' ?;.'»■•■' ■ Sicily Almonds: Balance of old crop is g ; ' being cleared at slightly lower figures. v / r jP Bluestone: : Quotation is now on an easier basis;. : "''-.': '. *• ' ';/" * ".•■''' . '/..,- ' Haricot Beans:' Good demand locally, with prices firm for forward shipment. ; • Candles: All brands of local and imported are moving freely. '■'•■, Y ? Cocoa- Beans: Latest cables ' denote a further weakening in the market. ; - t . - ' Camphor: Market firming up. , , Dates: - Very ■ good inquiry on the spot. Price is now firmer. : Notification of advance in price of j*'-' ,'* new fruit would not come as .a surprise. Canned Fruits: Market for new American p:.: -: pack is firm. -~--^~- ; -.>-_-.*-' : '--- -•«"—<-; Gum? Arabic: Old crop is;.now practically s~ sold up, and news ,is awaited re the new r\ ■ crop. '■•■;" '-'."■-■],-■ Salmon: -Business has been done on quotation' for new pack of red Alaska,' and it looks as though 1 buyers will have to go.in early :to get full requirements. v --.-<■ .Hides: There, we're large supplies at last weak's sale, a good clearance being effected at auction at late rates, with stout ox inclined to be firmer. .. .. Sheepskins: The advance notified in last week's report has been fully maintained under strong competiton. ; .'."'..-■ " Tallow: No change to report. ■■. 4 •Fungus: Only small quantity is arriving. Price,is a shade easier. Potatoes: The Ennerdalo < brought 2540 sacks ana tho Talune 733 sacks, which arrived to an absolutely, bare market. The bulk; of. these shipments would go straight into .consumption - from ship's side. Stocks will bo exhausted again before the next steamer arrives here on Thursday; from the ' South. havo been no importations from Tasmania lately. Prices in the South have gone up, and now that most of the potatoes are pitted there is no doubt a firmer market will result Price is £6 5s ex store, with a very good demand. x i; Onions: Stocks were exhausted on arrival " of, the Tahme, which vessel brought 160 sacks. m These will not be sufficient to supply || is the ' market until next arrivals. Price is firm ■■:■ at £fl ex store. - ,' Oats:- There is a much firmer feeling in the South, and weak holders of a few days back have cither sold or decided to hold. Southern advices point to v a very much stronger feeling, as' Australia' is likely to come into this market again. The Ennerdalo brought a small shipment from tho South. The Wanaka is due at the end of 1 the week with further supplies. Price ex ship 2s 20d, ex store 2s lid. '.->.' H * Bran: There is a better demand. Supplies are not at all heavy, but sufficient to meet requirements. Price £6 2a 6d. ~ . Pollard The market is fairly well supPollard: The market is fairly well supplied. . The inquiry is good. Price £7 15s. S| ."- r Chaff: A firmer tone prevails in the South. Our market is well ' stocked. Price £6 ISs ■ for Southern, £6 5s for local. ' Rice Meal: The market is bare. Next arrivals will be by the sailing vessel James Craig from ' Melbourne. : ; . J . Fowl Wheat: If anything tho Southern market is firmer. Demand is good. Price 5s CX store. . .... ... ■; ~; .•.'>>-■'. .: Maize: The only arrivals since our last reWm port are) about 200 \ sacks ox Ngatiawa and Apanui. These will, of course, not be suffi- '•.'-/_. cient to keep .this market going, and orders will remain uniilled. There is no alteration '-'. to price.;- > ' ; ■ . ' Flax: The market is" a shade weaker. There is no export business doing now with London. Prices still remain nominally at; £22 for good fair, £20 103 to £21 for fair, and "' ' £18 to £19 for common. Tow: Very little of this is arriving. The price for iocal use is £4 to £5. /,'; 1 Ceylon Tea: Heavy supplies continue to come on the market, and as .quality is more or less of a class which buyers have already ;■ fully stocked themselves with, there is little f;. improvement to note in., the market. The slight improvement in quality noticeable in | some of the teas, however, is giving a better ! tone to demand, and if supplies fall off as is usually the case at this time of year, we will see a dearer market. The few teas that showed better quality were carefully select- •■ ed by buyers, and realised better prices. - Commonest on the other hand continues i quiet. Common to medium leaf tea in IS • Pekoes shows weakness, as also do light t& liquoring brokens at about 40 cts. Newer Ebyas show a little improvement in cup,, hiving more flavour, but are still very light, and .have poor appearance. Dusts and tannings are in rather better inquiry. We quote as follows:— blackish, tippy leaf, good quality, 30 cte; Pekoe Souchong for price 31; Pekoe Souchong, boldish leaf, fair strength, 32; Pekoe for price, choppy leaf, 33; Pekoe, clean liquor and fair quality, 35 Broken Pekoe, for price, 32 Broken Pekoe, blackish, irrainy leaf, some tip, colour liquor, 37; Broken Pekoe, well made, .V tippy, coloury liquor, 50; Broken Orange , Pekoe, tippy, coloury, good quality, 54; Bro- •■, ken. Orange Pekoe, tippy, bright, Savoury ■'. liquor, 61. ..,'•■• . " , KAURI GUM MARKET. The arrivals for seven days of July c . amount, to 103 tons, as compared with 15 ' r- '*< tons for the same period of last July, show- - ing a shortage, of 5* tons. The total shortage to date this year amounts to 1138 tons; the arrivals from January 1 to July 7, 1907 I t. i ■- ' ' '

were 4237 tons, as against 3099 tons for the ■ same pev'od of 19Q8. ■:.=' .. ■-• , Supply from mail to mail viz., June 10 to July 8, 1908, 422 tons. ' EXPORTS. -.v. ; . , J , . , Ara'r'a. Ku'o'e. To'aL _ ' - Tons. Tons. lons, Per g.s. Mokoia for Sydney, June 8... ... ... ... ■— • 3 3 Per S.S. Wimmera for Syd- . > , ■ _ ney, June 15 ... ... — 21' 21 Per 8.8. Moana for Sydney. June 22 '.. ... ... — 29 29 Per a.s., Karamea for Lon- . - don, June 27 ... ...251 99 1 350 Per s,s. Victoria for Sydney, ■' Juno. 29 ... ... ... — 7 7 Per s.s. Tomoana for Lou- ~-■ don, to sail ... ... 57 25 82 Exports to America, and Europe since June 8 ... 308 184 492 Export* to America, and Europe for June ... 422 298 720 Production for June ... : ... — — 526 , STATISTICS. Exports. Production. Jan. 1 to June 30. Jan. 1 to June 30. Year. America. Europe. Total. Tons. Tone. Tons. Ton*. , 1908 ... 1,147 1,144 2.291 2.996 1907 ... 2,799 1,418 4,217 4,080 ; 1906 ... 2,320 1,936 4,256 4,557 , The market, if anything, has shown somewhat more activity. Several merchants have been getting quotations for certain lines in • order to cable, to,. their principals at Home, and in some instances inquiries have come from that quarter. The bulk of sales, ho ever, so far has not increased. Pale Select: Arrivals of this class are ex--1 tremely small, but the demand is not active. Ordinary: Good thoroughly cleaned rescraped sells readily, but the quality arriving is only very moderate. -quarter scraped ordinary has been eagerly asked for, but in most cases lower prices have been offered. Sales of this class have been fair of late. Medium ordinary and good washed nuts sell at late rates. There has been a fairly steady demand for white swampy sorts, and good white sugar. East Const continues to reach here in only limited quantities, but there is practically no inquiry for this class at present. Black: Bold rescraped lumps sell readily, as docs also good No. 1 hard steel. Mixed sorting lots do not meet with any favour at present, and this grade is accumulating, Good hard nuts are salable. • Sugar for the time being is neglected. ■ Bush: Pale rescraped lines continue to meet with ready t sale. The demand for other grades of this class is only spasmodic. Bled bush is not asked for. . . Chips and Dust: Bright chips and dust, if colour is good, are eagerly wanted. The quantity of these offering is only very moderate. Ordinary chips and dust, "and diggers' . chips and dust; of good colour, are inquired for. There is a 1 demand for good black pile chips, but prices offered are lower than have been lately'ruling. Black chips and dust, black seeds, and black riddlings. if in dry condition, still meet with ready sale. AUCKLAND STOCK EXCHANGE BUSINESS DONE YESTERDAY. Previous day's closing sales. Kauri Timber (con.>—; call, lis lOd 0 11 9 New Zealand. Portland Cement—2nd call, 31s 3d- ..:.... ... ... 1 11 9 Kurauui—2nd : call, .&£d ... .... — Magnet (con.>~2fia call, ljd ... ... — New Moanataiari—3rd call, Stl ... - — Southern Queen—lst■call," sid; 2nd and 3rd calls, 6d ... ..7 { — Thames call. 64-3; ...-. ... ... — Waiotahi—3rd call, 2s M ... ... ... 0 2 8 Waitangi— call. 4s Id, 4s 2d ... 0 4 0 Blackwater—3rd call, 20s . ......« — Consolidated Goldfields—3rd call, 14a 6d — Golden Pah— and 3rd calls, 4d ... 0 0 4| Hauraki Freehold—3rd call, 3Jd ... "-•.'— Brilliant Block (3d paid)— and 3rd *■. calls, JJd .... ;.. ... ... — Comatock (con.)—3rd call, 4id ... ... — Champion (con.)—lst call, 4s lOd ... 0 4 8 Crown,— and 2nd calls, 6s > ... \ ... — Karangahake—3rd call, 9d ... ... — , Maorilahd—2nd call, 6Jd ... ... ... »-■■--.- Ready Bullion (con.)—lst call, old, 6d, &id; 2nd call, 6id,6d; 3rd. call, 6d 0 0 5 Tc'xua Consols—2nd r and 3rd calls, 3|d — Tairua Golden Hills (6d paid)—2nd cadi. Id ;;/.... ... ' ... 0 2 11 Talisman—lst ca11,.. 455; 3rd call, 44s .-'".■ 6d,' 44s 9d, 45» ...... ... ... 2 5 0 Waihi—lst call, £9 6s, £9 5s 6d; 3rd call, £9 6s, £9 6s 3d ... ... 9 4 9 . Waihi Grand Junction— call; 355; 2nd ■ ' ' call. ""-3d, 35a 6d, 35s 9d; 3rd "'cp'j M ■ ... -...■■. .... ... — - CLOSING QUOTATIONS. ~ , . Seller*. Buyer* ~ - ' £ a. d. '-'■-£■. d- - 'banks--' 5 t* '"'*'■" : "*S'-"- : : : " : """- " ; ''" , '"";'"-"; New Zealand ... 9 9 0 ' 9'3 0 National ~.'... ... 7 6 5 6 0 INSURANCE- ."•"'.. New Zealand ... ... 3 16 0 . ._ South British ..:... 2 16 6 — Standard ... ...... 1 .-.* t» — ' FINANCIAL- ■ New Zes>i?nd and River Plato > ... ... .... 11l <> 110 9- ' COAL— " '". ; Kikurangi ... ... ... 011 6 0 10 6 r Nort. Coal. Ltd.. 10s paid 0 15 4 0 14 3 Tauplri Mines, Ltd. ... 0 19 6 0 19 0 Westport ... ... ... 6 19 0 . ■ , — Drury .... . ... ... 0 4 6 — ■ . GAS—.-' . " ': . ' . - / ■ Auckland ..: ... i. 15 • 7 6 — Birkenhead and Northcote 166 14 6 - SHIPPING— • • .. Union S.S. ... ... 1 16 0 — Northern; con ... ... 0 3 3 0 8 0 Devonport • SSteam 4 Ferry 1 12 6 1 10 9 TIMBER— ■ '■' :'. '■ < ;. '. Kauri, paid up ....... 19 0 1 '5 '6 Kauri! con. ... ... , .... 0 li 2 0 12 0 Parker-Lamb,, Ltd. ... 1 6 0 15 3 MISCELLANEOUS— ; Auckland Turkish Bath — 10 0 Auckland Tramways, pref. I 3, 6 1,3 0 Auckland Tramways, ord. 13 6 13 0 D.S.C., Limited ... ...' 0 5 3 0 4 11 Grey and Menzies, ord. 0 8 6 0 8 3 . Hill ' and ■ Plummer, Ltd. ' 116 10 0H.M. Arcade Theatre Co., • i ■ pref. ... ....... 10 & ' - H.M. Arcade Theatre Co., ord. - ...... 0 18 6 . — Milne and Choyce, pref. 13 6 , — New Zealand Drug, £2 ... 2 12 ,6 — N.Z. Portland Cement Co. 1 12 0 1 11 3 N.Z. Portland Cement Co., rightt ... - 0 6 .0 0. 5 9 Union .Oil ...... li — , Wiseman and Tons. ord. — 0 id 8 Wilson's Portland Cement Co., pref. ... '...' 2 10 2. 0 0 Wilson's Portland Cement / Co., ord. ... . ... 2 0 6 — MINING— ' * ,' ' ' '" - r : v; Bonanza,, paid , ... - ... 0 0 9 —- Bonanza, con ... ... 0 » 4 0 0 & Halcyon. ...;... .... £ 0 4. „ - *■ Kuranui - ... ... ...0 0.6 0 0 5i Kuranui-Caledonian ... 0 1 0 0 0 10$ Magnet, con ... .... 0 0 2 0 0 U , May Queen >....... 0 2 0 0 1 11 May ' Queen Extended ...005. — New Moanatalari ... ... 0 0 54 0 0 5 New Occidental ... 0 0 4 0 0 2 New Sylvia ... ... 0 15 0 13 Old Alburnia, paid up ... 0. 1 3 0 ,1. 0 ■ ,■ Old Alburnia, con. ... 0 0 M J 0.3* Saxon -. — .» 0 0 10 0 0 9 . Scandinavian ... ... » 0 5 0 0 3i Southern Queen ... 0 0 5* 0 0 6 Temple Bar ....... 0 0 3 -- Thames - 0 0 8 0 0 5 Victoria ./.- 0 0 10 0 0 7 : Waiotahi ... ■»•;-• ° ? 8 0 2 7 Waitangi ... ... — 0 4 3 o*l Watchman — — - « 0 3£ — • Blackwatcr ... "—• ••• 10 6 f 019 6 Consolidated Goldfields ... 0 15 0 0 14 3 Progress Mines ... ... 0 10 0 0 9.0 : Golden Pah . ... — 0.0. 4_ 0 0.4 Hauraki Freehold ... 0 0 6 0 0 3' Old Hauraki Gold Mines 0 2 4 0 2 1 Old Kapanga .. »• - 0 ° 3 . 0 ° 21 Tangiaro, Is paid . ... ' 0 1 11 ' 0 1 'I > Tangiaro, 7d paid ... 0 1. 6 0 15' Tokatea ... »• - 0 0 •» — Mtnd ::: :::"'• o — 2 111 Auckland 0 0 2 0 0 1 ) Brilliant Block, 3d paid 0 0 4 0 0 3 Oomstock, con. ... ... 0 0 51 0 0 * Champion, paid up ... 0 .6 0 :> 0 5 9 . Champion, con ... ... 0 5 0 0 4 10 Crown ' ... ••• ••• 0 6 2 0 o 0 Dominion, 4d paid ... 0 0 54 0 0 4 Golden Belt, paid up ... 0 22- 0 1 11 Golden Belt, con 0 0 9 2 . - _ Golden Cross 2 2= 005 Kirikiri, paid up -. ... 0 2? — ££&$•• ::: zjfji «f f £S»r*;.::: :::»S , New Waitekaun ...... 0 0 8 0 0 5 Phanli, 6d paid ... - 0 0 10 0 0,9 Pride of Waini ... — 0 0 6 — Beady Bullion, con. -006 . 0 0 £>i fc* ffi ::: -:::-8 8 !, 8 8 3. fairua Broken Hills ■ ' ... -:.0; 2 11 - 0 2 10 ; Tairua Consols ... ..••. 0 0 4 0 03 Tairua Golden Hills, 9d ■■• paid — ...... — v .3 6 ' Tairua Golden HUH, 'M Q 3 4 , ■ Q , x na t A... 0 o 4 0 3 1 • T«Su« Extended ... ... 0 06 0 0.4 Taiwa Triumphi ... ... 0 10 0 0 84 Talisman Consolidated ... 2 5 0 2 4 6 Waihi ... ' •••/ ...9 5 0 9 6 0 Waini-Peach ... •• 0 0 8 0 0 74 Consolidated ... 0 2 4 0 2 0 Waihi Extended ... ... 0 3 9 03 Waihi Grand Junction ... 1 15 9 1 15 6 Mountain. King, con. ■ ... 0 0 6 0 0 4 Lanigan'ii Antimony Mine 0 0 5 . — ' CALL AND DIVIDEND LIST. Dividend*. .'•'•'. *•■*■. His Majesty's Arcade and • Theatre Company.. .... ... • 6 P-c. Now Koniaur.Baeto - - - ° ° 2 Ju) y 1° '-'Calls. • '■•' •-" ; ' -■■ Rnnthern. Ouei>n, 'June 24 ... 0 0 1 Now '; New Occide"til; June 24 ... 0 0 04 Now ; VwguVrd. June 19 ; ... - ° .0 1 Jug 10 xSrr^r 6 29 ... z o°o°i»i

; NEW ZEALAND LOAN AND MERCANTILE AGENCY CO.'S, Ltd.. REPORT. Horses: ;At -the Durham Tards on Friday horses were yarded in average numbers. Heavy draughts realised from £28 to £39 10s; medium, £18 to £27 ss; hacks and light harness how* £6 10s to £19 10s; spring-cart, £15. , At Papakura on Wednesday there was a good muster for a; winter sale, especially of dairy cows, which sold at from £3 17s 6d to £7 12s 6d; heifers, £3 to £6 ss; backward springers, £2 2a 6d to £4 7a 6d; empty cows, £2 2s 6d to £3 17s 6d; grown steers, £5 15s to £7 10s; two to three-year-old do., £215 a 'to £5 ss; yearling steers, £1 l&a to £2 lis; calves, 18s to £1 16s. Beef sold at Newmarket, rites. . Cattle: At the Newmarket Yards on Tuesday there was an average yarding of dairy and store stock and a full supplv of beef. Dairy cows sold at fron, £3 10s to £7"; heifers, £3 2s 6d to £6 7a 6d; empty do. t£2 to £3 7e 6d; calves. 12s to £1 19s. Beef sold'under steady competition at last week's rates. Oxen realised up to 21s per 1001b and cows 18s to 20s per 1001b. Steers s,old at £6 to £9 17s 6d; cows, £3 10s to £7 12s 6d. No heavy weights were yarded. Sheep were again, yarded in full numbers" and showed a slight improvement on last week's prices. Wethers realised from 9s 6d to 19s 9d; ewes, 8s to 17a 6d; hoggets, 7s to 12s- 6d.; We submitted a large catalogue of hides, skins, and tallow on Tuesday. Hides: Market firm for all well-flayed ox; cows' lower. We quote— stout ox, 7d to 74d; stout do., 6Jd to 6Jd; medium do., 5Jd to 5Jd; light do., 5d to sid; cows', best lines 3Jd to 3J, good 3jd to 32c. scored 2Jd to 3d; kips, 3d to 4id ; calfskins, 3id to sd; damaged hides, Id to 2Jd. * . Sheepskins: Market firm. Best butchers' skins, large 2s 6d to 2s 9d. good lines 2s 3d to 2s 4d, medium Is 9d to 2s, small Is 5d to Is 7d. Tallow : Market firm. Best mixed, up to 225; good. 19s to 20s 6d; inferior, 15s to 17s 6d; rough fat. lid per lb. . . Bones. £4 las. Cowtalls, Is 8d per dozen. Horsehair, lOd to la 2d. Wheat: Market is firm at 5s 2d ex store. . Maize is in good demand at. 4s 9d ex store. The market is cleared of stocks. Oats are selling slowly at 2s lid to 3s ex store. Butter is firmer. Choice separator, lid; good quality, lOJd: medium, 9id. Cheese: Fanners' is slow of sale at 4d to s£d. Fungus is worth sd. DUNEDIN STOCK EXCHANGE. [BY TELKGK.VPH.--PRESS ASSOCIATION'.] DtTNEDIN, Tuesday. The following Stock Exchange sales have been reported :—Golden lied, 13s: New Zealand Portland Cement, £1 lis; New Zealand Portland Cement (cum rights), 5s 9d; National Bank, £5 ss. . ' _____ . LONDON. By Telegraph.— Association.—Copyright. C London, July 6. WHEAT AND FLOUR. Wheat and flour afloat for the United Kingdom totals 2,320,000 quarters and for the Continent 1,390,000 quarters. The Atlantic shipments amount to 180,000 quarters and Pacific shipments to 32,000 quarters. The total imported into Europe for the week was 705,000 quarters, including 271,000 quarters from Argentina and Uruguay. SILVER. Silver is quoted at 2a OJd per ounce standard.