COMMERCIAL.

New Zealand Herald, Volume XLVI, Issue 14000, 4 March 1909, Page 3

COMMERCIAL.

The buoyant tone of the sharemarket during the darlier part of the week was maintained yesterday. '■'$ New Zealand Insurances sold at 74s 6d. Taupiri Coals closed with sellers at 18s 9d, as compared with 18s 6d on Tuesday, while the figure submitted by buyers was 18s 3d. -Auckland Gas shares (new issue) showed an advance, sellers asking/218 and buyers offering 20s. In timber Kauris (paid up) were quoted at buyers 325, , sellers 32s 3d. Contributing sold at 14s 6d. ' Sellers asked 14s lOd and buyers offered Id less. Sales were effected in Now Zealand Portland Cement at 36*3, closing with sellers 365" and buyers 35s 6d. New issue were quitted at 275, the final quotations being sellers 27s 6d, buyers 275. In mining lines Saxons sold at Is 8d and Is 9d. Royal Oaks were accorded considerable attention ;'paid up sold at Is 6d and contributing Is 4d, buyers offering Is 5d for the latter at the 3.15 p.m. call. Karangahakes were disposed of at lOd, while in Talismans sales wero made at 45s 9d, 465, 45s 9d, the final call being sellers 46a, buyers 45s 9d. Business was done in Waihis at £8 17s, sellers asking £8 18s and buyers offering £8 17s. Waihi Grand Junctions found buyers at 263 6d, and rights at 7s 6d. For the latter late buyers were offering 7s 3d. AUCKLAND STOCK EXCHANGE. BUSINESS DONE YESTERDAY. Previous day's closing Bales. £ «. d. New Zealand Insurance—2nd call, £3 14s 6d ... ... ... 3 14 9 Auckland Gas— 2nd, and 3rd calls, £14 14 3 0 Kauri Timber (con.)—l4s lid 015 0 New Zealand Portland Dement Co.— call, £1 16s .... ..... 1 16 6 New Zealand Portland Cement Co. (new issue)—3rd call, £1 7s 17 6 Kuranui—3rd call, 8d 00 6 Saxon—lst and 2nd calls, Is Bd, Is 9d 0110 ' Royal Oak (paid up)—3rd call, Is 6d ... 01 4 Royal Oak (con.)—2nd call, Is 4d ... 01 6 Karangahake—2nd call, 10d ... ... 0 1 0 Talisman Consolidated—lst and 2nd , calls, £2 5s 9d, £2 6s, £2 5e 9d ... 2 6 0 Waihi—3rd call, £8 17s 8 19 0 Waihi Extended— call, 3s Id ... 03 2 Waihi Grand Junction— call, £]• 6s ■ M 16 3 Waihi Grand Junction (rights)— call, 7s 6d ... ... 0 7 6 CLOSING QUOTATIONS. Sellers. Buyers. £ s. d. £ a. d. BANKS— National 5 6 0 5 3 0 INSURANCE— New Zealand 3 15 0 3 14 6 National 19 0 18 6 South British 2 12 0 — FINANCIAL— National Mortgage and Agency 2 16 0 — New Zealand and River Plate ... 1 14 3 1 13 6 COALHikurangi — 0 17 0 Nort. Co., 10s paid ... 0 13 3 0 12 9 Taupiri Mines, Ltd. ... 018 9 — Drury Coal Co 0! 3 9 — GAS— \ Auckland ... 14 4 0 — Auckland, new issue ... 110 10 0 SHIPPING- •;■ - Union ... ... ... 1 16 0 — i Northern, paid up 0 14 6 0 13 9 Northern, con. ... ... 06 9 0 6 2 Devonport Steam Ferry... 1 12 0 1 10 0 TIM It— Kauri, paid up 1 12 3 1 12 0 • Kauri, con. ... ... 0 14 10 0 14 9 Parker, Lamb, Ltd. ... 1 6 0 — WOOLLEN— Mosgiel ... ... ... 33 0 — MISCELLANEOUS— * Auckland Tramways, pref. 116 110 Auckland am ways, ord. 116 110 Auckland Tramways, new issue, £s paid 0 6 6 0 5 0 D.S.C., Limited 0 3 11 0 3 6 Hill and Plunmer, Ltd... 110 — N.Z. Portland Cement Co. 116 0 1 15 6 N.Z. Portland Cement Co. ;' (new issue) .. .... 17 6 17 0 Northern Boot-» ... ... 11 0 < — t|. New Zealand Paper Mills 12 6 — Tonnon Oarlick Co. Ltd. 019 0 — v Wilsons Portland Cement■••■•Co., pref. — 1 16 0 Wilsom Portland Cement Co., ord ... 1 16 3 U 15 6 MINING— ' 'K' Bonania, con. ... ... 00 3 ■ _ Dixon's Consolidated ... 0 0 4 u — Kuxanul ... . ... 0.0 5 — Kuranui-Caledonian ... 0 0 84 0 0 7 May Queen ... ... •„ ~. 0 110 0. 1 9 May Queen Extended ... 00 3 ■' — New Monowai 0 010 — New Sylvia 0 10 0 17 Old Albumin, paid up ... 0 1 1 — ; Saxon ... ... ... 0 1 10 0 18 ] Southern Queen ... ... 0 0 2 — Thames ... ... ... 0 0 2 — Victoria ... ...... 00 9£ — Waiotahi ..... ... 0 22 "020 Waitangi Consolidated ... 0 3 1 0 2 9 Blackwater — 110 Consolidated Goldflelds ... 0 14 0 0 12 6 Progress Mines *~'. ■ ... O 010 0 0 8 Golden Pah ... ' ... 0* 0 2 v — : Hauralsi Freehold ... 0 0 5 0 0 4 Kapowai (cor.) ... ... 0 0 3 .' — Old Hauraki Gold Mines 0 11 0 0 111 Royal Oak, paid up ... 0 19 0 16 Royal Oak, con. ... ... 0 18 0 1 5 Beiidigo ... 0 0 5 — Lanigan's Antimony Mine — 0 0 6 Champion, paid up ... 0 13 0 011 Champion, con. ... ... — 00 8; Crown ... ... :..''.; 04 5 , 0 4 3 Dominion,'con. ... ... 0 0 2 ■ — - Golden Belt, paid up ... 0 0 9 — Golden Belt. con. .. ... 0 0 2 — Golden Cross ...... 0 0 3 — Kirikiri .'. ... ... 0 0 3 — ' Karangahake ... ... 0 0 11 0 0 9 Komata Reefs ... 1...... 0 0 9 0 0 7 Phcenix, Is paid 0 1; I s — Phoenix, con. ... ... 0 0, 4| 00 2i Rising Sun ... ... 0 0 5 — Shotover, con. 0 0 2 — Tamm Conqueror, 3.1 paid 0 0 2i 0.0 1£ . Tairua Broken Hills ... 0 1 7 0 15 Tairua Dawn . ... 0 0 2 0 0 1 Tairua Golden Hills ... 0 5 3 0 4 9 Tairua Monarch 0 0 4 -■" — Tairua Reefs 0 0 3J 0 0 2A Tairua Triumph 0 0 2 0 0 lj Talisman Consolidated ... 2 6 0 2 5 9 Waihi ... 8 18 0 8 17 0 Waihi Beach 0 0 5 0 0 44 Waihi Extended ... ... 0 3 2 0 3 0 Waihi Grand Junction ...166. 16 Waihi Granl Junction rights ' ... ......... 0 7 6 0 7 3 Mountain King, con. ... 0 0 104 .0 0 9} CALL AND DIVIDEND LIST. Dividends. • ' Standard Insurance ... . ... — Now Christchurci Meat Co. ... 4 p.c Now Talisman Consolidated 0 16 Now Milne and Choycc, per annum 8 p.c. Now Waihi 0 4 0 Now Calls Halcyon, February 6 0 0 1 Now Victoria, February 11 0 0 1 Now Dixon's Consolidated. Feb. 18... 0 0 1 Mar. 8 New Waitekatiri. February 24.. 0 0 1 Mar. 8 Waihi Beach February 11 ... 0 0 1 Mar. 10 Watchman. February 11 ... 0 0 1 Mar. 11 Durbar, February 22 ... 0 0 01 Mar. 11 Takapuna Tramways and Ferry May Queen Extended Feb. 19 0 0 1 Apr. 8 Company, February 22 ... 0 2 6 Mar. 15 ADDINGTON STOCK MARKET. [BY TELEGRAPH.— PRESS ASSOCIATION.]

CnmsxcnoßCH, Wednesday." At the Aldington Yards to-day there were fairly large entries of stock and a good attendance. Fat cattle sold at about last week's rates. Store sheep and fat lambs were easier, and fat sheep sold at still lower prices. Tigs sold well at late rates. There was a rather dull demand for store cattle. The entry of store sheep was the largest of the season, but the quality was only moderate, there being a number of North Island and Chatham Island sheep among the lines of wethers and ewes. There was a large entry of lambs, and they were mostly light and inferior sorts. The demand for all classes was easier, and prices showed a reduction on late rates. Forward rape lambs were the only sorts that maintained anything like late values, while there was a considerable drop in .low-conditioned and t stained, lambs. Ewes of all ages also suffered in price, even young ewes not being in such strong demand as of late. Wethers were dull of sale, though there were some good lines on offer, and several lines were passed 'orward. Wethers made from 12s to 12s 6d ; medium, lis to lis 6d; small, low-conditioned and travelstained, 7h 3d to 10s 3d. Forward rape lambs sold from lis 6d to 12s 9d; medium, 10s to 10s 8d; inferior, 7s 9d to 9s. Best two-tooth ewes" sold to 18s lOd; others, 15s 6d to 16s 6d; small, lis 6d to 15s 3d; sound mouth, 12s; and four, six, and eight-tooth, to 12s lid.

There was an entry of 5061 fat lambs, or about 350 less than last week, the quality on the whole-being good. The export buyers having again reduced their limits, all classes were easier, heavy-weight lambs being most affected. The buyers" limits are now: 4Jd for 361b, 4.} d for. 3falb to 421b, and second quality 3Jd for over 421b. There were 4665 lambs "taken for freezing at 12s 2d to 14s 7d. A few heavyweights made from 15s 9d to 17s 6d. The entry of fat sheep was not quite so large as last, week, but the supply 'was more than sufficient for the butchers, and prices showed a further decline. The range of prices was: Prime wethers, 15s 6d ,to 17s Id; others, 12s 94 to 15s; prime ewes, lis 6d to l4s (extra to 14s lid}; medium, 9s 6d to lis; and aged and light. 6s to 9s. The yarding of fat cattle totalled 305 head, the quality being' somewhat below that of late sales. There, was a fair demand, .and prices showed little or no alteration from last week. Steers' made from £6 17s 6d to £11 7s 6d; heifers £5 2s 6d to ' £7 12s 6d; and cows, £4 17s 6d' to £8 (equal to 22s to 23s for ..prime, ;i9s to 21s*6d for medium, 17s to 18s 6d for cow and inferior per 1001b). Veal calves sold at 4s 7d to 50s, according to sine and quality. There was a large entry of store cattle, including some good lines, but the demand lacked the freshness shown at last sales. Local yearlings made 225; 15 to 18 months, 38s to 48s; two-year steers, £3 2s 6d to £3 ss; two-year heifers, £2 8a to £2 18s 6d; two and a-half-

year steers, £4 17s 6d; three-year steers, £5 7s bd to £6; dry cows, 25s to £3. Southland cattle, of which there were consignments. totalling: about'' 150 head, made: For yearlings, *28s 6d; two-year 7 steers.v £2 8s "to £2 17s; two and a-half to: three-year heifers, £3 10s;; three-year steers, £5; Wires and four-year steers, £6 19s; dry cows, 38s, to £3 3s. -, *,» Dairy cows • were in fair demand, and made £3 10» to £9 15 3 . The"entry of pigs was smaller than last week, and there was a fair demand at late rates. Choppers sold up to £4 10s; large baconerfl, £3 to £3 7«; lighter, £2 8s to £2 10s (equal to 5d per lb); large choppers, £2 2s to £2 10s; smaller. £1 10s to £2 (equal to 6d per lb); large stores, £1 12s to £1 16s; medium, £1 8s to £1 lis ; weaners, 12s to 22s 6d.

BRITISH-NEW ZEALAND MEAT CO. ' [BY TELEGRAPH.— ASSOCIATION.] Christchurch, Wednesday. At the annual meeting of the British-New Zealand Meat Company to-day a dividend (the first) at the rate of 6 per rent, was passed. The year's operations showed a balance to the credit of the profit and loss account of £2081. DUNEDIN STOCK EXCHANGE. [BY TELEGRAPH.—PRESS ASSOCIATION.] Dusedis, Wednesday. At the Stock Exchange to-day Wsihi Grand Junctions sold a,', £1 15s lOJd; New Zealand Portland Cement* (new issue) at 14s; Otago Daily Times at £20 10s; Hartley and Riley's at £1 Is. ' DUNEDIN r iRAIN MARKET. [BY telegraph.—press association.] DUNEDiy, Wednesday. There is a fair demand for prime milling wheat, and a moderate amount of business is passing at from 3s 9d to 3s lOd (sacks extra) on trucks at country sidings. Considering the tone of the London market the present level of values is likely to be maintained. Fowl wheat is scarce, and in small lots is fetching more than milling. There is no improvement in the demand for oats. Prime milling is worth Is f>id ; best bright short feed, Is 4£d to Is sd ; inferior to medium, Is 3d to Is 4d ex store (sacks extra). BURNSIDE STOCK SALE. [BY TELfcOBiPH.— ASSOCIATION.] — Dunedin, Wednesday. At the Burnside stock market to-day 182 head of fat cattle were yarded, a good proportion of which were light and unfinished. The attendance was somewhat smaller than usual, and prices showed no advance. Prime bullocks made from £9 10s to £11 2s 6d; medium to good, £8 to £9; light and unfinished, £6 10s to £7 10s. The bulk of the yarding of sheep consisted of old ewes. There were few pens of prime wethers, and these sold at late rates. Ewes of all, classes suffered about 2s per head. Best wethers made from 17s 6d to 19s 6d; medium, 13s to 15s; light and inferior, 10s 6d to 12s; best, ewes, 16s 6d. There was a good yarding of lambs, and prices were not so pood, owing to freezing buyers not .being out for business. Best lambs made from 13» to 15s 6d; medium, lis to 12s; light and inferior, up to 10s 6d. ■■..:] , Young pigs were in better 1 demand, anc pikes were firmer. There was also a jood inquiry! for porkers and baconers, which were in fair 1 supply. Suckers made from lis to 'Is;. nips/': 18s to 20s; stores, 23s to 28s; porkers, l*>* <o 40s; light baeoners, 45s t6 50»; heavy, 53s to 60s. ; - ..: - _ • >. ,•■ v ~.,, AUSTRALIAN MARKETS." ,'""• By Telegraph.—Press Association.— • .', '■'■■■ SYDNEY, March 3. x Wheat, 4s sd; floor, £10 ss; oats, Algerian 2s 4d to 2s 6d, white 2s 6d; barley, Cape 2s 9d to 38; maize, nominally 4a 3d; bran, £4 10a; pollard, £5; potatoes, Tasmanians £5 to £5 10s; onions, New Zealand £7 10s, Victorian £8; butter. 92s .to < 945; cheese, 7d; bacon, 93d. The above quotations are those ruling between merchants and retailers, and do not represent slightly lower values obtained by recognised brokers. Melbourne, March 3. Wheat, 4s 4d; flour, £9 15s; oats, Algerian feeding ls9d to Is lOd, milling Is,lid; barley, English malting, 4s; maize, 4s lid; bran, 11 id; pollard, is Id; potatoes, £3 10s :to £4 10s; onions, £7. ■' ADELAIDE, March 3. Wheat. 4s 3Jd; flour, £9 15s; bran. Is 2d; pollard, Is 3d. ~ : ;■ \ ; , LONDON. - By Telegraph.— Association.— Copyrighh, . • -+ LONDON, March 2. • Copper, spot £57 ss, three months £58, supplies 24,164 tons, deliveries 25,294 tons, stocks 52.295 tons, afloat 5000 tons. C, n „ '■ Tin, spot £130 ss, three months £132 15s. Lead, £13 lis 3d. Silver, Is lid 5-16 d. -V s '*'*:,; *.■•«:. "„" ■_ '._• Tallow, stock 5037 tons, imports 2123, deliveries 1750. - ■' ' ■',•: ".:•-, Shares, unchanged. v ?,t/ vx'