COMMERCIAL.

New Zealand Herald, Volume XLV, Issue 13927, 8 December 1908, Page 3

COMMERCIAL.

Business was dull again on the nharemarkefc yesterday. In investment lines Bank of New Zealand sold at £8 16s 8d (ex div.), sellers closing at £8 17s, and buyers at £8 12s. Kauri Timbers (con.) wero done at 16s, at which prico more were available, buyers 15s 7d. Auckland Tramways (ord.) sold at 21s. In mining lines Waihi Grand Junctions sold at somewhat weaker rates, sales ranging from 27s 6d to 26a 9d to 27s to 26s 6d' to 27s 3d, with late sellors at; 27s 3d, and buyers at 26s 9d. Waihis were firm, selling at £8 19s and £8 18s 9d, with further buyers at £8 18s 9d, and sellers at £8 19s 3d. Waihi Extendcds were done at 3s. May Queens sold at 2s Id; New Sylvias at Is 6d; Saxons at Is sd; Waitangis at 2s lOcl; Lanigans at 9d; Champions (con.) at 3s lid; Karangahakes at Is 4d; and Komata Reefs at 9d.

AUCKLAND STOCK EXCHANGE. BUSINESS DONE YESTERDAY. Saturday's closing talcs. £ 8. d. Bank or New Zealand—3rd call, £8 16a 8d (ex div.) — Kauri Timber (con.)— call. 16s ■ ... — Auckland Tramways (ord.)—3rd call, 21s — May Queen—3rd call, 2s Id — New Sylvia— call, la 6d — Saxon— call, Is 5d , — Waitangi Consolidated— call, 2s lOd — Lanljjan's Antimony—2nd call, 9J ... — Champion (con.)— call, 3s 3d ... 0 3 6 Karangahake—2nd and 3rd calls, la 4d — Komata Reefs— and 3rd calls, 9d... — Waihi—2nd call, £8 13s; 3rd call, £8 19s, £8 18s 9d 8 18 9 Waihi Extended— call, 3s ... ... 0 3 0 Waihi Grand Junction—lst call, 27s'6d, • • •.' 275; 2nd call, 275, 26s 9d, 26s 6(1, 275; 3rd call, 275, 26s 9d, 27s 3d ... 1 7 6 CLOSING QUOTATIONS. 1 ' Sellers. Buyers. _~ £s. d. . £s. d. BANKS— New Zealand ... ... 817 ,0 812 0 National . ...' ... ... 5 5 0 5 2 6 INSURANCE— New Zealand ... ... — 314 0 COALHikurangi ...; ::.■.-. • ... 016 0 — Nort. Co., Ltd., 10s paid 0 12 10 0 12 6 Tauplri Mines, Ltd. .. 018 9 018 3 Westport Stockton ... 0 9 6 0 8 6 GAS— Auckland 14 14 0 14 10 0 Auckland, new Issue ... 10 0 — . SHIPPING— Northern, paid up ... 0 15 6 — Northern, con 0 7 5 — Devonport Steam Ferry 112 0 1 10 6 TIMBER— Kauri, paid up 1 13 6 1 13 0 Kauri, eon. ... ..." ..' 016 0 015 7 Parker-Lamb, Ltd. ... 1 6 0 — MISCELLANEOUS— Auckland Tramways, pref. 12 0 10 Auckland Tramways, ord. 10 10 6 N.Z. Portland Cement Co., new issue 10 9 10 3 , New Zealand Paper Mills 12 12 Wilsons Portland Cement Co., pref 1 15 9 1 15 3 MINING— Bonanza, con I) 0 2} — Dixon's Consolidated ... 0 0 4 — Kuranui 0 0 5 0 0 3 Kuranui-Caledonian ... 0 011 0 0 7 Mar Queen ... 0 22 0 2 0 New Sylvia 0 16 0 13 Old Albumla, paid up ... 0 1 1 • — Old Alburnia, con. ... 0 0 6 — Saxon ... 0 16 0 15 Scandinavian ...... 0 0 2 — » -Southern Queen 0 0.3 . — Victoria 0 0 8 0 0 5 Waiotahl ...0 2 4 0 2 0 Waitangi Consolidated ... 0 3 1 0 2 7 Watchman. .;. ... 0 0 2 — Mount Zeebnn, con. ... 0 0 2 — Blackwater ... ... ... 16 6 15 6 Consolidated Goldftelds ... 0 14 0 0 13 0 Progress Mines 0 10 6 0 9 8 Golden Pah ... ... 0 0 24 — Ilauraki Freehold 0 0 6 — Old Hauraki Gold Mines 0 10 0 0 7 Bendigo :.. ... ... 00 7 0 0 3 Lunigan's Antimony Mine 0 0 10 ' — Hiilliam Pock, con. ... 0 0 3 — Comatock, con. ... 0 0 5 — Champion, paid up ... 0 4 0 — Champion, con 0 3 3 — Crown " 0 4 1 0 4 0 Golden Cross 0 0 4 0 0 2 Klriklri, paid up ... 0 0 6 0 0 2 Kirikiri. con 0 0 4J 0 0 V, Karangahake 0 14 0 13 Komata Reefs 0 0 10 0 0 8 New Waitekauri .004 00 2J Phoenix. Is pitd ... Oil — Ready Bullion, con. ... 00 4 -— Rising Sun ..006 - 003 Shotover, con. ... ... 0 0 3 — Silver Hill ... ...... 0 0 2 — Tairua. Conqueror. 3d paid 0 0 5 — Tairua, Broken. Hills ... 0 2 0 0 19 Talma Dawn ... ... 0 0 7 — Tairua Golden llilla ... 0 7 6 — Tnirua Monarch ...... 0 0 4 — Tairua Reefs ...... 0 0 5 0 0 34 Tairua Triumph 005 003 Talisman Consolidated ... 2 3 3 2 2 9 Waihi ... ... ... ... 8 19 3 818 9 Waihi Beach .. ... 0 0 3 0 0 2j Waihi Consolidated ... 0 1 9 — Waihi Extended ... ... 0 3 1 0 2 11 Waihi Grand Junction ... 1 7 3 16 9 Mountain King, con. ... 0,0 6 004; i - CALL AND DIVIDEND LIST. Dividends. Bank of New Zealand ... — Now ; Mount Lrell Mining and Rail way Company 0 13 Deo. 15 Premier Joinery Manufacturing Company 10 p.c. Dec. 20 Calls. Tskapuna Tramways and Ferry Cdmnnry ... 0 2; 6 Dec. 10 New Sylvia, November 19 ... 0 0 1 Dec. 10 Southern Queen, December 3 0 0. 0£ Dec. 17 Magnet. November PO ..." ... 0 0 1 Dec 21 Kuranui, December 5 ... ~.001 Jan, 13 PROPERTY SALE. There was a large attendance at Messrs. S. Cochrane and Son» auction rooms yesterday, when a. property at Papakura,' consisting of 12 acres, was submitted for sale by order of ■ the public trustee. The competition was keen, and after spirited bidding the property was knocked down to Mrs. Isabella Bennett, of Papakura, for the sum of £500. . BUTTER AND EGGS. The wholesale quotations for butter and eggs 10.- the week ending December 12 ere as follows —Butter; Factory, Is Ojd per lb; farmers', 7d. .Eggs, 9d per dozen. ' WELLINGTON PRODUCE MARKET. [BY TELEGIurH OWN COItRESPOXDBXT.] WBLLisoTOsr. Monday. Heavy supplies of cherries are now reaching the market and values are ruling at 7s to 8s od per half-case of 201b. Lemons arc in good demand at 6s 64 to 7s 6d-per half-case, while tomatoes are experiencing a fair outlet at 4d to 6d per lb. The market is bare of grapes and there is a probability; of 2s to 2s 6d per lb resulting for what may come forward The first supplies of fruit from Auckland via the Main line arrived towards the close of last week, comprising strawberries, which guttered severely, through the jolting in transit. Choice, sound strawberries realised la, 4d to li 7d;i per box; good, Is to Is 2d per box;.. inferior, 4d to 7d,per box. Gooseberries realise 2d per lb and red currants 6s to 7s 6d per hall- use. The demand for California!! apples is fair and Californian lemons are meeting with strong/inquiry. Old potatoes advanced sharply during the week, 'and they are now ruling 6s to 6a 6d ' per cwt in : wholesale markets. New potatoes are scarce to-day, Auckland supplies being worth Bs 6d to 10s per cwt. Onions are arriving from Sydney and Victoria and are selling at 8s to 9s 6d per cwt. Rhubarb realises Is 6d to 3s per dozen bundles; asparagus, 3d to fed per bundle; French beans; 4d to ; 4Jd per lb; cucumber*, 3s 6d to 6s per dozen;,'cauliflowers, 4s to 5« M per sack ; : cabbages. Is to fis 6d per suck; lettuce. Is 6d to 3s per case. Eggs are somewhat dull at Is Id to Is 2d per dozen.

HIGH COMMISSIONER'S MARKET CABLEGRAM. [BY TELEGRAPH.—PRESS ASSOCIATION.] Wellington-, Monday. The following is the Hitch Commissioner's market cablegram, dated London, December s:— Mutton: The market is quiet, although the stock is small. Canterbury brands are quoted at 3jrt and North Island at 3Jd per lb. •Lamb: The market is dull and there is scarcely any demand. Canterbury is quoted at sld and other than Canterbury 5d per lb (nominal). Beef: The market •dull, Supplies- of River Plate chilled are heavy, but prices are firm for Home-killed beef, and on account of the quarantine enforced against America New Zealand beef is being held for a rise. Current quotations arc 3gd per lb for hindquarters and 3Jd for forequarters. Butter: The market is quiet, but rather steadier at the decline, and there is more demand. Quotations are • as follows:—Choicest New Zealand, 109s; Danish, 115s; Australian, 106s; Siberian, 105 a per cwt. Hemp: The market is quiet, with small business dolus; and no change in prices.- The: stock in London amounts to 248 tons. Last week's import from Manila amounted to 21,000 bales. Cocksfoot seed: The market is quiet, the nominal quotation being 78s per cwt. Hops: There is great.improvement in the hop market, and a scarcity of best quality is antlcipated on account of general and,active demand at 85s per cwt. American hops are quoted at 63s per cwt for best.' - , Wool: The market is firm, with an upward tendency, though the market for inferior • quality is rather unsettled. Frozen .meat: The following meat shipments arrived from River Plate during the month of November: —London, 118,466 .carcase* mutton and 7696 carcases lamb; Liverpool, , 108,161 carcases mutton and 3415 carcases lamb; Hull, 10,802 carcases mutton; Southampton, 6198 carcases mutton; Cardiff, 16,177 carcases 'mutton and 41 carcases lamb; Newcastle, 9570 , carcases mutton . River Plato mutton is quoted at 3 4 d. The market is dull on account of heavy arrivals. Butter: 9244cwt of butter has arrived at London and Southampton from River Plate and is quoted at 105 a per cwt.

WELLINGTON STOCK EXCHANGE. [BY. TELEGRAPH.— CORBESPONDEKT.] 1 ' Wellington 1 , Monday. At to-day's meeting of the Stock Exchange the only -item, on the sale list was a transaction in Kauri Timber contributing at 15s 9d. Brokers had a lair number of buying orders In hand, but apparently were unable to fill their requirements at the prices on offer. Buyers of Manawatu Rails offered the higher rate of £2 13s 6d without securing shares, and New Zealand Insurance were firm at £3 13e 6d bid. In the mining section Grand Junctions weakened to £1 7s sellers, bub Talisman and Waihi rates were virtually unchanged. -• DUNEDIN STOCK EXCHANGE. [BY TELBQRAPH.—PRE93 ASSOCIATION.] ' > Dunedin, Monday. The following Stock Exchange sales have been reported :—Milburn Lime and Cement (new issue), 14s 9d; New Zealand Drug Company (£2), LONDON FINANCIAL JOTTINGS. [PROM OUR OWN CORRESPONDENT.] London, October 3Q. The Union Bank of Australia notifies that it is prepared to pay on and after November 2 the interest due at that date on the city of Wellington (New Zealand) loan, 1908, viz., £100,000. It is estimated that there are approximately 150,000 boot and shoe workers in the United States. They turn out 250,000,000 pairs of boots, shoes, and slippers per annum, having an aggregate factory value of £70,000,000. In view of the effect of the new English patent law the Berlin Ministry of the Interior is elaborating a revision of the existing Prussian patent legislation, and is in consultation with the industrial centres concerned in order to learn Their wishes on the subject. The desire is ex{jressed that the revision should also Include egislation regarding the marking of goods and samples /or trade purposes. i A report cabled from Lisbon a few days ago states that " some negotiation will be made for the leasing of the Laurenco Marques railway to a , South African syndicate for a sum which would tide the Government over its present difflcuties, while leaving the railway under Portuguese control." A letter signed by 22 Liberal M.P.'s is being forwarded to the various Liberal associations throughout the country enclosing a resolution for ; adoption. In which the Government is urged to Introduce a Taxation of Land Values Bill, so as to raise revenue and deal with the question of unemployment. The Kaiser's new Bill proposing taxes on gas and electricity appliances, and, in fact, all kinds of lighting apparatus, continues to be the subject of strong attacks throughout the German Empire. The imposition, if effected, would mean an enormous addition to the cost of lighting, equal, in certain circumstances, to an increase In the retail price of the articles of from 50 per cent, to 60 per cent. For instance, the Bill schedules a tax of 10 pfennigs upon incandescent gas mantles, which now sell at from 18 pfennigs to 25 pfennigs, and a similar levy also upon ordinary electric light" bulbs. To carry out the measure It is proposed to stamp or mark specially every article coming within its purview and to place all factories where they are made under 1 the permanent supervision of the excise authorities. It has been discovered that there is in circulation a number of counterfeit half-sovereigns. So far those which have been received at the Bank of England are comparatively few, and it is hoped that only few are passing among the public. The coins are of remarkably good manufacture and are' difficult of detection except by weighing. The standard weight of a halfsovereign is 61.63 grains. The fraudulent coins, according to tests which have been made at tho Royal Mint are composed of an alloy of silver and gold, the former metal being present to the extent of approximately 30 grains in each coin. As pieces of metal, simply, the false halfsovereigns are worth about 5s each. LONDON. By Telegraph.—Press Association— LOndos, December 6. FROZEN MEAT. Sheep : North Island, 3 9-16 d (best brands 3Jd). The rest are unchanged. Beef: New Zealand, none offering. River Plate —Forequarters, 3d; hindquarters, 33d.' Rabbits: The market is dull and prices are weakening owing to a cessation of the Continental demand. '- • * HEMP, COPRA, AND KAURI GUM. The hemp market is steady. October to December shipments, £25 ss. ..■■ '-** ■'-.'; Copra is active. South Sea, in bags, £18. Kauri gum stock, 577 cases. WOOL. Owing to the bad light there was no wool sale on Saturday. All wools suitable for America show an appreciation on opening rates. Merinos are geneially very firm and the price is fully maintained excepV for rtarse, shabby crossbreds". The quantity catalogued to date is 93,428 bales, 80,178 bales* being sold. The/average price realised for the fleece portions of the Rupanui clip was lO^d. "-':"* w "■ -' '■*-' I; WHEAT. E Fourteen thousand quarters of South Australian or Victorian January-February wheat sold at 37». ",, u ~..;, ~;«:.•„,. ;/,. ;•; ■■■ ' '• ,*■,-.... ■...., < ,i.',^;.^. J METALS. '■■"' *',- ■''■■•-■'■'• ■','",- Silver la quoted at Is 10 5-16 d per ouncd. - Copper: On spot, £62 15«; at three months, £63 13s ..9d. • ■ ■< ■-<• •*."-' Tin: On spot, £133 153; at three months, £135 Us. '..-■ ~-■ ■ Lead, £13 15s. SHARES. Waihi Grand Junction: Sellers, 28s 3d; buyers, 28s. .' - ■ i