COMMERCIAL.

New Zealand Herald, Volume XLV, Issue 13926, 7 December 1908, Page 3

COMMERCIAL.

The sharemarkot was quiet again on Saturday. In investment lines the only sale reported was in New Zealand Insurances, which wero done at 745, at which price moro were wanted, with sellers at; 755. In mining lines the market weakened in several directions. Waihis sold at £8 19s and £8 18s 9d, sellers closing at £15 18s 9d, buyers at £8 18s 6d. . Waihi Grand Junctions changed hands at 27s 9d arid 27s 6d, sellers asking 28s at last call, with buyers at 27s 6d. Waihi Extendeds were douo at 3s, at which figuro moro were looked for, sellers 3s Id. Talismans sold at 43s and '42s 9d, with moro buyers at 42s 9d and sellers at 435. Progress Mines sold at 10s; Kapowais at 2£d; Champions (contributing) at 3s 9d to 3s 6d; and Tairua Triumphs at 5d and 4d. AUCKLAND STOCK EXCHANGE. BUSINESS DONE ON SATURDAY. Previous day's closing sales. £ s. (1. New Zealand Insurance—74s ... ... 3 13 0 Progress Mines— call, 10s ... — Kapowai—2nd call, 2£d — Champion (con.)—2nd call, 3s 9d, ,'Ss . 7d, 3s 6d ... 0 4 1 Tairua Triumph—2nd call, sd, Id ... — Talisman—lst call, 435; 2nd call, 435, 42s 9d — Waihi—2nd call, £8 19s, £8 18s 9d ... 818 6 Waihi Extended— call, 3s ... — Waihi Grand Junction2nd call, 27b 9d, 27s 6d 19 0 CLOSING QUOTATIONS. Sellers. Buyers. £ s. d. £ s. d. BANKSNew Zealand ... ... 9 0 0 812 6 National 5 6 0 — INSURANCE— New Zealand 315 0 3 14 0 National 18 0 17 6 South British 2 8 6 2-7 3 FINANCIAL— New Zea'and and River Plate ... .'. 112 6 1 11 9 COALNort. Co., Ltd., 10s paid 0 12 10 012 3 Taupiri Mines, Ltd. ... — 018 0 Westport Stockton .... 0 9 6 0 8 9 Dairy 0 3 3 — GAS— Auckland — 14 8 0 Auckland, new issue ... 1 0 0 — SHIPPING— Northern, paid up ... 015 6 — Devonport Steam Ferry 112 0 — TIMBER— Kauri, paid up 1 14 0 1 13 3 Kauri, con 0 15 10 0 15 9 Parker-Lamb, Ltd. ... 1 6 0 — MISCELLANEOUS— ! Auckland Tramways, pref. — 10 6 Auckland Tramways, ord. 116 10 6 N.Z. Portland Cement Co., new issue ... 10 9 10 3 New Zealand Paper Mills 12 6 12 0 Tonson Garlick, Ltd. ... 1 0 0 — Union Oil 019 6 — Wiseman and Sons, ord. 012 6 — MINING— Bonanza, con 0 0 2J — Dixon's Consolidated ... 0 0 4 — Kuranui 0 0 4 0 0 2i Kuranui-Caledonian ... 0 0 11 0 0 6 May Queen ... ... ... 0 22 0 2 0 May Queen Extended ... 0 0 3 — New Monowai 0 0 9 0 0 7 New Sylvia 0 19 0 16 Old Alburnia, paid up ... 0 1 1 — Saxon 0 16 0 14 Scandinavian 0 0 2 — Southern Queen ... ... 0 0 3 — Victoria 0 0 8 0 0 6 Waiotahi ... 0 2 6 0 2 0 Waitangi Consolidated ... — 0 2 6 Watchman 0 0 2 — Mount Zeehan, con. ... 0 0 2 — Blackwater 16 3 — Consolidated Goldfields ... 013 8 0 13 3 Progress Mines 0 10 6 0 10 0 Golden Pah 0 0 2J — Hauraki Freehold 0 0 6 — Kapowai, con 0 0 3£ — Old Hauraki Gold Mines 0 10 0 0 6 Lanigan's Antimony Mine 0 1 0.0 0 9 Brilliant, Block, con. ... 0 0 3 — Comstock, . con. ■ ... 0 0 5 — Champion, paid up ... 0 5 0 — r , Champion, con 0 3 6 0 3 5 Crown 0 4 2 0 3 11 Golden Cross 0 0 4 0 0 2 Kirikiri, paid up ... 0 0 6 0 0 2 Kirikiri, con 0 0 4i 0 0 14 Karangahake 0 16 0 15 Koniata Reefs 0 11 0 0 9 New Waitekauri ....... 0 0 00 24 Phcenix, Is paid ... ... 0 1 1 — Thcenix, con 0 0 9 0 0 6 Rising Sun 0 0 6 0 0 3 Silver MM .*;:. 0 * ,2 - > >*■ —;, Tairua Consols 0 0 2 — Tairua Conqueror, 3d paid 0 0 5 — Tairua Broken Hills ... 0 111 0 110 Tairua Dawn - ... ... 0 0 6 ':'"—)":? Tairua Golden Hills ... 0 7 6 — Tairua Extended ... ... * 0 0 4 0 0 2 » Tairua Monarch ...... 0 0 4 0 0 2 Tairua Reefs 0 0 6 0 0 4 Tairua Triumph 0 0 4 0 0 3 Talisman Consolidated ... 2 3 0 22 9 Waihi ... ... 8 18 9 818 6 Waihi Beach 0 0 3 0 0 2£ Waihi Consolidated ... 0 1 9 — Waihi Extended ... ... 0 3 1 0 3 0 Waihi Grand Junction ... 1 8 0 17 6 Mountain King, con. ... 0 0 6 0 0 4 CALL AND DIVIDEND LIST. Dividends. Bank of New Zealand ... — Now Mount Lyell Mining and Rail way Company ... -..- -.. 01 55 Dec. 15 Premier Joinery Manufactur- -•-..- ing Company ... ... 10 p.c. Dec. 20 Calls. Takapuna Tramways and Ferry Companr ... 0 2 6 Dec. 10 New Sylvia, November 19 ... 0 0 31 Dec. 10 Southern Queen, December 3 0 0 0£ Dec. 17 Magnet, November 90 ... ... 00 1 Dec. 21 Kuranui, December 5 ... ... 0 0 1 Jan. 13 an alternative TO OLD AGE pensions... .;:: No country is moro subdivided than France. Yet legislative means have recently been taken to subdivide the subdivisions. The "three acres and a cow", talked of so much in England some years ago must now stand aside in favour of the French "half an acre and a home." The enabling measuro is now law. What M. Ribot and the other promoters of the measure aimed at was to give working men in the towns and labourers in the country an opportunity to acquire on easy terms a plot of land and a modest homestead, arguing that this would bo a more practical kind of provision for the evening of life than any old ago pension fund. It was, indeed, while the Old Ago Pensions Bill was under discussion that tho idea occurred. Some of M. Ribot's constituents had suggestod that they would rather invest their savings in this 'way, and ho at once sought to secure them the option of setting aside their prospective pensions as part payment of the purchase money required to buy a plot of land and a homestead. The field or garden must not cost moro than £48, and its oxtenl; is limited for tho present to 25 ares, a little over half en acre. Tho intending purchaser must possess 240 francs (£9.125). If not he is holped by the State, and tho moment ho deposits tho money ho becomes proprietor of tho holding. He must undertake that ho or his children will cultivate it, and he must also insure his life. Tho State does not deal direct with the purchaser, but with an intermediary and guarantee company formed in each district. A capital of £4,000,000 has been sot aside for loans at 2 per cent., and each local company must have a capital of £8000, of which half is to bo held in reserve. Tho original idea was to provide town or country workers with a home when they had reached tho age of 50 or 60, out anyono who has saved one-fifth of the purchaso money—less than £10— can nt onco become the possessor of "half an acre and a homo." • PROPERTY SALES. Messrs. T. Mandcno Jackson will submit three valuable freeholds to public auction at their rooms, Custom-street East, at two o'clock to-day, as Two-storeyed residence of 10 room?, known as Elrndon, standing on two tind a-half acres of land, situated in Whittaker Place, oft" Symonds-street; a villa of five rooms and conveniences, standing on a'section with l)6ft frontage to Brighton Road, Parnell, by a depth of 180 ft; and a good business site having u frontage of 50.6 ft to Hobson-street, also a frontage of 50.8 ft. to Federal-street, with a through depth of 213.4 ft. A farm of 224 acres, more or less, at Kirikiriroa, will also be offered by order of the registrar of the Supreme Court. , DUNEDIN STOCK EXCHANGE. .[BY TELEGRAPH.—OWN CORRESPONDENT.] . Dttnedis, Saturday. The market during the week has shown some improvement in investments, several stacks having exhibited a strong firming tendency. Bank of New Zealand* have risen 6s or 7s per share, and there are buyers now at about £8 10s. National Banks are also decidedly firmer, having advanced several shillings per share. Insurance stocks are in demand and a fair amount of business has been transacted in them. Union Steams and Westport Coals remain steady, while Westport Stocktons are a shade easier. Mos;jiel Woollens are on offer at about £3 17s (ex dividend), and Portland Cements are offered at £1 8s 6d. Kauri Timbers were in demand at a slightly increased price, there being sales in the contributing issue reported outside the Dominion at 16s Id. T,he Big River Company has declared another dividend, this time of Is, and prices wore in the vicinity of £2. There were sales in Talismans on the local market at, £2 2s 4id and £2 <3s 6d, and the market is now rather easier. Grand Junctions continue to fluctuate. LONDON WOOL MARKET. By Telegraph.—Press Association.—Copyright. London, December 4. The wool market is inactive and '(trices are unchanged.