COMMERCIAL.

New Zealand Herald, Volume XLV, Issue 13925, 5 December 1908, Page 3

COMMERCIAL.

■■ ♦ ' „■ Business was again quiet on the Stock Exchange yesterday. In investment lines Bank of New Zealand sold at a further advance, £8 lis 6d being realised. Sellers closed at £8 12s 6d, and buyers at £8 10s. Now Zealand Insurances were firm, selling at 735, with late sellers at 745, and buyers at 72s 6d. Hikurangi Coals sold at 15s 3d Kauri Timbers (con.) at 15s 9d; and Auckland Tramways (ord.) at 21s. In mining lines Waihi Grand Junctions were weaker, selling at iOs to 295, with further sellers at 295, and buyers at 28s 9d. This fall is attributed to rumours ol pending reconstruction, which, however, are unconfirmed. Waihis were slightly firmer, business being done at £8 18s 6d, with further inquiry at £8 18s, and sellers at £8 19s. Talismans were held at 435, buyers offering 42s 9d. May Queens sold at 2s; Saxons at Is 4d; Waiotahis at 2s 3d; Champions (con.) at 4s Id; Golden Cross at 2d; and Tairua Broken Hills at Is lid. * I AUCKLAND STOCK EXCHANGE. BUSINESS DONE YESTERDAY. Previous day's closing sales. £ s. d. Bank of New Zealand—2nd and 3rd calls, £8 lis 6d 8 1.0 0 New Zealand Insurance— call, 73s — Hikurangi Coal—2nd call, 15s 3d Kauri Timber (con.)— call, 15s 9d —• Auckland Tramways (ord.)— 2nd call, 21s — May Queen—3rd call, 2s — Saxon—2nd call, 'is 4d — Waiotahi—3rd call, 2s 3d 0 2 5 Champion (con.)—lst and 2nd calls, 4s Id 0 4 3 Golden Croe:s-3rd call, 2d 0 0 2 Talma Broken Hills-3rd call, Is lid 0 1 11 Waihi— and 3rd calls, £8 18s 6d ... 8 1.8 0 Wailii Grand Junction— call, 30s; 3rd call, 29s 3d, 29s ' ' 1 19 9 CLOSING QUOTATIONS. Sellers. Buyers. „,„,.„ £ s. d. £ s. d. BANKS— New Zealand ... ... 8 12 6 8 10 6 National 5 6 0 5 3 0 INSURANCE— New Zealand 3 14 0 3 12 6 National 18 0 ' 17 6 South British 2 8 0 2 7 0 FINANCIAL— New Zealand and River Plato 1 12 6 1 1.1 9 COALNort Co., Ltd., 10s paid 0 12 10 — Taupiri Mines, Ltd. ... — 0 18 0 Westport 7 2 0 — Drury .., ... ... 0 3 6 ■ — GAS— Auckland 14 12 0 14 8 0 Auckland, new issue ... 0 19 3 — SHIPPING— Northern, paid up ... 0 15 6 — Devonport Steam Ferry 1 11 6 — TIMBER— Kauri, paid up ... ... 1 13 6 11.3 0 Kauri, con ... 0 15 9 0 15 3 Parker-Lamb, Ltd. ... 1 6 0 — MISCELLANEOUS— Auckland Tramways, pref. — 10 6 Auckland Tramways, ord. 116 10 6 D.S.C., Limited ... *.. — 0 3 4 N.Z. Portland Cement Co. 1 9 3 18 6 N.Z. Portland Cement Co., new issue 110 — New Zealand Paper Mills 12 6 12 0 Tonson Garlick, Ltd. ... 1 0 0 — Union Oil 0 19 ' 6 — Wiseman and Sons, crd. 0 12 6 — Wilsons Portland Cement. . Co., pre!'. ...... 1 16 0 — ' MINING— Bonanza, con 0 0 24 — Dixon's Consolidated ... 0 0 4 — Kuranui 0 0 4 0 0 3 Kuranul-Caledonian ... 0 0 11 0 0 &4 May Queen ... ...... 0 2 1 0 2 0 May Queen Extended ...0 0 3 — New Monowai ...... 0 0 9 0 0 6 New Sylvia 0 19 0 16 Old Alburnia, paid up ... 0 1 1 0 0 8 Old Alburnia, con. ... 0 0 6 — Saxon ... 0 15 0 14 Scandinavian ' 0 0 2 — Southern Queen 0 0 3 — Victoria 0 0 8 0 0 6 Waiotahi ... 0 2 3 0 2 2 Waitangi Consolidated ... 0 3 0 ! 0 2 7 Mount Zeehau. con. ... 0 0 2 — Blaekvatcr ... 1 6 3 —' ■ ' Consolidated Goldflelds ... 0 14 0 0 13 6 Progress Mines ... ... 0 10 0 096 Golden Tab .0 0 2£ — llauraki Freehold 0 0 6 • — Kapowai, con. ... ... 0 0 4£- 0 0 2V Old Hauraki Gold Mines 0 10 0 0 8* Bendigo ... ~ ... ~, 0 0.5, 0-0-34 Lauigau's Antimony Mine r 0 1 ■'"&'*""". 0 0.9,' Brilliant Block,' con. .:. 0 0 '3- ; — Comstocfc, con. ... 0 0 5 — Champion, paid up ... 0 4 10 — Champion, con. ... ... 0 4 3 0 3 9 Crown 0 4 2 0 4 0. Golden Belt, paid up ... 0 1 0 0 0 7 Golden Cross ... ... 0 0 4 0-0 2 Kirikiri, paid up ... 0 0 6 0 0 2 Kirikiri, con. ... ... 0 0 44' 0 0 ]£ Karangahake ..... ... 0 16 0 15 Komata Reefs 0 11 — Maoriland 0 0-2 — New Waitekauri 0 0 4 ,".'• 0 0 24 Phoenix, Is paid ... ... 0 11 —■ Phcenix, con. ... ...0.09 0 0 64 Rising Sun ... 0 0 6 0 0 3 Silver Hill 0 0 2 0 0 1 Tairua Consols ... ... 0 0 2 — Tairua Conqueror, 3d paid 0 0 5 — Tairua Broken Hills ... 0 2 0 0 1 10 Tairua Dawn 0 0 7 — Tairua Extended 0 0 ,3 0 0 2 Tairua Leads 0 0 4 — Tairua Monarch 0 0 34 0 0 24 Tairua Reefs 0 0 6 0 0 3 Tairua Triumph 0 0 5 0 0 3 Talisman Consolidated ... 2 3 0 2 2 9 Waihi 8 19 0 8 18 0 Waihi Beach 0 0 '3 0 0 24 Waihi Consolidated ... 0 1 9 — Waihi Extended ... ... 0 3 1 0 2 11 Waihi Grand Junction ... 1 9 0 18 9 Mountain King, con. ... 0 0 6 0 0 4 CALL AND DIVIDEND LIST. Dividends. Waihi G.M. Co 0 4 0 Now Mount Lyell Mining and Railway Company 0 15 Disc 15 Calls. Sunbeam Gold and Silver Mining Company, October 19 ... 0 0 1 Now Takapuna Tramways and Ferry Company 0 2 6 Dec. 10 New Sylvia, November 19 ... 0 0 1 Dec. 10 Southern Queen, December 3 0 0 04 Dec. 17 Magnet, November 20 0 0 1 Disc. 21 FRUIT AND PRODUCE MARKETS. During the past week the local fruit and produce markets have been very busy, supplies in many instances being heavy. In produce there has been an unusually, large increase in the supply of new potatoes; in fact, the supply was so large that it completely gutted the market. 11l consequence of this there was a heavy drop in values. Samples sent forward were generally satisfactory, although all " lines could not be cleared at public auction. It is fully expected that a sharp rise in values will take place at an early date. Vegetables of all varieties were sent forward in very large quantities and throughout sold at unusually low values. In grain and fodder the market was very dull and there wag no change in prices to announce. About the usual supply of farmers' butter came to hand, the market being easier. ' Eggs came forward in very small quantities and remained about the same as last week's quotations. Factory cheese showed no change in value, and there was little demand in- farmers' make. Bacon and. bams, prime and factory, remained unchanged in price. In poultry an extraordinarily heavy supply was sent forward, and, although" bidding was keen, the prices obtained were generally lower than values previously ruling. The fruit market, was fairly well supplied, but it must be reported as being on the dull side as compared with former years. The only line rneetii.g with good strong demand and higher prices was that of bananas. Large shipments of this fruit arrived by the Atua from Tonga in satisfactory condition. " The same steamer also brought a consignment of pines to a poor and already glutted market. Only a small shipment of fruit arrived from Sydney by the Victoria on Monday and sold at" disappointing prices to shippers. Local supplies of fruit have been fairly heavy, and principally consisted of a large consignment of Waikato gooseberries, which sold under satisfactory competition. The first of the season's peaches made their appearance, and a shipment of apricots also arrived from the Thames. Lemons showed a marked improvement in values and promise to reach higher prices. A small supply of Whangarei oranges came forward and showed an advancement of about 4 per cent, ' on last week's rates. The second shipment of hothouse grapes from 'Whangarei was submitted «nd showed a heavy drop on last week's prices. Imported lines of apples showed an increase in demand, and values advanced considerably on last week's quotations. The following were the ruling prices at the auction sales yesterday:— Field Produce.— Potatoes : Southern, prime, old, £6 to £7 10s ton. Onions: Sydney, poor, 7s to 8s cwt; Melbourne, 10s to lis. Dairy Produce.Butter: Farmers', in prints, prime, 9£d to lid lb; farmers', bulk, prime, 8d to 9d; poor, 7£d; milled, in bulk for export, IOAd. Eggs: Fresh, Is o£d to Is 2d dozen. Fruit.—Apples: Canadian and American, 13s to 15s case. Grapes: Whangarei, Is 8d to :2s lb. Plums: Sydney, 3s to 7s 6d box. Peaches: Local, nominal, 10s box Apricots: Sydney, 3s to 10s box; Thames, 6s to 8s 6d. Tomatoes: Hothouse, 4d to B£d lb. Oranges: Prime, 16s case; poor, 4s to 7s; Island, 15s; Sydney, poor, 3s to ss. Lemons: Local, prime, os to 10s case; local, rough and coarse, 4s. Cherries: Local, 4d to Is lb; Sydney, 4s to 8s box. Gooseberries, 3s 3d to 4s 3d box. Currants: Round, 2d to 6d. Walnuts, 7d lb. Peanuts, 3d lb. Bananas, 3s to 8s bunch; repacked, 2d lb. Pines, 2s to 8s crate. Cocoanuts, 6s to 8s sack. Poultry.—Hens, Is 3d to 2s each; table roosters, 2s to 3b 9d; ducks, Is" 3d to 2s 6d ; geese, 3s 6d to 4s 9d. Turkeys: Gobblers, 10s to 18s each; hens, 6s to 8s 9d. LOAN AND MERCANTILE COMPANY. The New Zealand Loan and Mercantile Agency I Company, Limited, have received the following advice by cable from their London house under date December 4:—The annual meeting 01: the company was held in London on the 3rd hist., when the annual report and directors' recommendations were adopted. A dividend at the rate of 5' per cent, has been declared, and the company's reserves have now been increased to £400(000, in addition to those of the New Zealand; Land Association, which now amount to £85. v 00. J \ . < ■ ,-

I PROPERTY SALES. ' I At Mr. J. Tbornes' rooms yesterday a number « of properties were offered for sale. In -Abrahams' ■ estate an allotment having 39ft 7in frontage to ■ Ligar Place by 85ft to Beaumont-street was sold , for £5 5s per foot, while an area of 3 acres 0 ' roods 36 perches in the same estate was with- ' drawn at £1200. An allotment in Gladstone Road was withdrawn at £490. In the estate of the late Mrs. Coombe a residence of six rooms at Queen's Parade, Devonport, standing on free- :' hold allotment 40ft by 300 ft, was sold for £600. For another six-roomed residence at Queen's ■ Parade, on an allotment 50ft by 330 ft, £775 was offered and refused, and £950 was bid for the ' next house, with similar allotment, but' was not accepted. A cottage of five rooms in Brownstreet, I'onsonby, on an allotment 40ft by 103 ft, was sold for £4,00. i , Yesterday Mr. Ward Baker sold by auction an allotment at Waikumete, containing 2 acres 2 roods 16 porches, for £60. Several other properties were offered, but they were not quitted. LONDON MARKETS. Messrs. Dalgety and Co., Limited, Auckland,' have received the following cablegram from their London office under date the 3rd inst.: — Frozen meat: The beef market is dull, but prices are unchanged. The mutton market is weak and prices are lower by lid except for Gisborne. Frozen lamb is weak, and for New Zealand prime light crossbred any change .in price is in favour of buyers. For heavy and inferior prices are lower by £d to id per lb. Tallow: For low and inferior descriptions there is a change, if any, in favour of sellers. Good descriptions are neglected. CHRISTCHURCH GRAIN AND PRODUCE MARKET. [BY TELEGRAPH.— ASSOCIATION.] CHRISTCHURCH, Friday. There is some inquiry locally for wheat for fowl feed, and for this purpose a few lota of milling wheat of second-class quality have been purchased at prices equal to 4s lid to. 4s 2d ait country stations. For • milling wheat there is little demand, and buyers are not prepared to make advances upon late quotations. Oats are dull of sale, and for export £2 15s'is offered for chaff, while for local consumption up to £3 would be paid. Stocks of potatoes are now practically exhausted and the market is closed for the season. WELLINGTON STOCK EXCHANGE. [BY telegraph,— ows CORRESPONDENT.] Wellington, Friday. On the Stock Exchange to-day there was a marked increase in the volume of business reported. Kauri Timbers changed hands (15s paid) at 15s 9d, New Zealand Drugs at £2 8s 6d, New Zealand Portland Cements at. £1 8s 6d, and Waihis at £8 14s 6d. Buying orders were more numerous than has been the case lately. For Bank of New Zealand shares buyers offered £8 9s without obtaining any. New Zealand Shipping were in demand at £6 10s, and Talismans were wanted at £2 Is 9d. DUNEDIN STOCK EXCHANGE. [BY TELEGRAPH.—PRESS ASSOCIATION.] Dukedis, Friday. The following Exchange sales have been reported :—Golden Bed, 7s 6d; New Zealand Drug Company (£2 paid), £2 9s. LONDON. By Telegraph.—Press Association — (Received December 4, 8.25 p.m.) > London, December 4« BANK OF ENGLAND RETURNS. \ The Bank of England returns for the week are —Gold coin, £33,027,000; reserve, £24,086,000; proportion of reserve to liabilities 48.50 per cent. ; (notes in circulation. £28,985,000; public deposits, £8,065,000; other deposits, £41,563,000; Government securities, £14)731,000; other securities, £28,493,000. MONEY MARKET. Bank rate, 2i per cent. ; three months' bills, London 2i per cent., Paris 2g per cent.," Berlin, 2| per cent.; short loans, 1J per cent. CONSOLS AND COLONIAL STOCKS. Consols, £83 15s. New South Wales 4 per cents., £106; 34 per cents., £99; 3 per cents., £87. Victorian 4 per cents., £102; 3£ per cents., £98 10s; 3 per cents., £87 10s. South Australian 3£ per cents., £100; 3 per cents., £86. #■ ■, Queensland 4 per cents., £105; 3i per cents., £99; 3 per cents., £85 10s. New Zealand 4 per cents., £107; 3£ per cents., £98 10s; 3 per cents., £87 10s. »•'•• '.' '"- Tasmanian 34 per cents., £97 10s; 3 per cents., £86 10s. West Australian 34 per cents., £97 10s; 3 per cents., £87. -'--* ■.-■-'■-> •• "• : .■■;■ WHEAT AND FLOUR. The wheat market is quiet, with a slight hardening tendency on the less favourable ' weather . reports received from the Argentine. Quotations for cargoes on sailing ships afloat range from 38s to 398;" December-January shipment, 37s i 6d ; January-February, 375, 37s 3d; Australian, spot, 40s 6d to 41s 6d. r» *. ' • , i . Flour, is quiet, Australian selling in London at 26s 6d to 27s 6d. There is good business in . Glasgow, January-February ; shipments. being quoted at 27s 6d to 27s 9d. } '" ! BUTTER AND CHEESE. * The butter market is very flat. Danish is quoted at 114s to 116s. Colonial is neglected. Choicest Australian, ,104s to 106s, occasionally • 108s; New Zealand, 108s to 110s. ;■„ The cheese market is dull; New Zealand, 57s to 580. . .. METALS. Copper: On spot, £63 6s 3d; at three months, £63 17a 6d. ' Tin: On spot, £134 2s 6d ; at three months, , £135 17s 6d. • ?' Lead, £13 6s 3d. Silver, la 101 d. ■■"..'.' Iron, 48s 7d. Spelter, £21 10s. .' ! " SUGAR. German, 10s 2d; first marks, lis 2d. ■■ » "'' ■.'.'...''"•':;■" WOOL SALES. By Telegraph.—Press Association.— Copyright. London,, December 3. .: Wool meets with strong competition, and buyers are firm at late rates except for shabby, coarse crossbreds, which are in the buyers' favour. (Received December 4, 9 p.m.) ■'•■'■•■• London, • December 4. The Bradford wool market is very quiet, the turnover being extremely limited, with prices nominally unchanged. The London sales ; included Oreti, 9Jd; Gear, B£d.