COMMERCIAL.

New Zealand Herald, Volume XLVI, Issue 14067, 22 May 1909, Page 3

COMMERCIAL.

I A fair tone prevailed upon the sharemarket yesterday. In investment linos Now Zealand Insurances were again disposed of at 765, with sellers at 765-3 d, and buyers at 75s 6d, and Northern Steams (contributing) at 6s 4d. In miscellaneous stocks Auckland Tramways (ord.) again sold at 21s 6d. In mining lines Talismans were dono at from 52s 3d to 52s 6d to 52s 3d to 525, with late sellers at 52s 3d, and buyers at.s2s. Waihis advanced, selling at £9 7s, late sellers closing at that price, and buyers at Is less. Waihi Grand Junctions sold at from 45s 6d to 45s 3d to 45s to 44s 9d to 44s 6d to 44s to 43s 6d to 43s 3d to 43s 6d to 43s 9d to 43s 6d tO 43s 9d to 43s 6d to 43s 3d to 43s 6d. Late sellers closed at 43s 6d, and buyers at 43s 3d. "Waihi Grand Junction options were done at 19s 6d and 19s 3d, with late sellers quoting 19s 6d, and buyers 17s 6d. Kuranui-Caledonians changed hands at Is; New Sylvias at 2s 6d; Old Alburnias (paid up) at Is 8d; Thames at sd; Waiotahis at 2s 9d; Waitangis at 4s sd; Watchmans at 9d; Blackwaters at 27s 6d; Consolidated Goldfields at 18s and 17s 6d; Hauraki Freeholds at 3id; Royal Oaks (contributing) at Is 3d; Karangahakes at Is 8d; Komata Reefs at 8d; Phoenix (contributing) at 2£d; Pride of Waihis at 8d; Tairua Broken Hills at 2s- Tairua Golden Hills at 6s lid; Waihi Consolidat-. Eds at 2s 3d; and Waihi Extcndeds at from 6s 3d to 6s 2d to 6s Id bo 6s to 6s Id to 6s. The Auckland Stock Exchange will bo closed ■ all day on Monday" next, Empire Day. AUCKLAND STOCK EXCHANGE. * I BUSINESS DONE YESTERDAY. Trevious day's closing s*iei. £. *. d. New Zealand Insurance2nd and 3rd calls, 76s .... ... 3 16 0 Northern Steamship (con.) call, , . ,6s 4d ... — Auckland Tramways (ord.)—3rd call, 21s 6d ... • ... 1 1 6 Kuranui-Caledonian—lst and 3rd (.alls, la 0 1 1 New .Sylvia— call, 2s 6d ... ... 0 2 6. Thames2nd and 3rd calls, 5d ... 0 0 44 Old Alburnia (paid up)—lst call, Is 8d 0 1 8 Waiotahi— call, 2s 9d — Waitargi—let call, 4s 5d , 0 4 6 Watchman —Ist call, 9d ... ... 0 0 Si Blackwater— call, 27s 6d ... — Consolidated Goldflclds —Ist call, 18?; 3rd call, 17s 6d ... 0 13 3 Hauraki Freehold2nd call, 3id ... — Royal Oak (con.)— call, Is -3d ... — Karangahake— let and 2nd calls, Is 3d — Komata Heefs—3rd call, 8d 0 0 8j Phoenix (con.) — call, 2jd ... — Pride of Waihi—lst and 2nd calls, 8d — Tairua Broken Hills—3rd call, 2s ... — Tairua Golden Hills3rd call, 6s lid ... 0 7 0 Talisman— call, 52s 3d; 2nd call. 52s - 3d, 52s 6d; 3rd call, 52s 3d, £2s ... 2 12 .9 . Waihi— and 3rd calls, £9 7s ... 9 6 0 Waihi Consolidated—lst call, 2s 3d ... 0 2 3 j Waihi Extended —Ist call, 6s 3d, 6s 2d, 6s Id; 2nd call, 6s Id, 6s; 3rd call, v 6s, 6s Id, 6s 0 5 11 Waihi Grand Junction —Ist call, 45s 6d, 45s 3d, 455, 44s 9d; 2nd call, 44s 6d, 445, 43s 6d, 433 3d, 43s 6d, 43s 9d, 43s 6d ; 3rd call, 4Js 9d, 43s 6d, 43s 3d, 43s 6d ... ... ' 2 5 3 Waihi Grand Junction (options)lst call, 19s 6d, 19s 3d — CLOSING QUOTATIONS.

PROPERTY SALES. gM^> POMONA. FRUIT FARM. figThere was a good attendance yesterday. when the Pomona Fruit Farm property was sold by Messrs. T. Mandeno Jackson. Bidding was brisk and satisfactory sales were made. The following were the prices realise^Sections 1, 2, and 3, 81 acres, at £2 17s 6d per acre section 9, 28 acres, £3 per acre; section 11, 22 acres, £3 2s 6d; section 12. 17 acres. £3 Os fed; tection 14, 40 acres, £2 19s 6d; section 15, 21 acres, £3 Os 6d ; section 16, 24 acres, £3 10s; section 17,- 25 acres, £3 Is 9d; section 18, 26 acres, £4 Is; section 19, 30 acres, £3 ss; section 25, 127 acres, £2 15s; section 28. 95 acres, £3 2s 6d; section 29, 91 acres, £2 5s per acre. * FRUIT AND PRODUCE MARKETS. The local fruit and' produce markets have been only moderately brisk during the past week. In produce there has been a great scarcity of prime potatoes and prices advanced considerably. Onions were plentiful, with only fair sale. Oram and fodder were without change, while vegetables were plentiful. Better and eggs were in short supply, without change in ■..value. ' The fruit market was fairly well supplied with apples, hich soi better than last week. Pears touched high prices and * lemons were scarce at extreme values. Poultry was in good supply at highlysatisfactory .Values. Following were the ruling prices at the auction bßles yesterday;— Field-Produce.—Potatoes: Southern, prime, £5 5s to £5 10s ton; local, £5 to £5 ss. Onions: Southern, £6 ton; local, £6 to £7. Dairy Produce.—: Farmers', » in prints, prime/10id lb; farmers', bulk, prime, 7id to 8d;

inferior, 7d; milled, in bulk, for export, 10tf. Eggs : Fresh, Is 9d to Is 9id dozen; pickled, Is 3d. ■ ■ :■•:;.>:•; '.''>'••'' ~ c,?' ■. - : % Fruit.—Apples: Local, coloured, extra choice 8» to 8s 6d case, prime 6s to. 7s; medium, 4s to ss; poor, 3s Jo 3s 6d. Grapes: Choice,. Is to Is 2id. Pears: Choice, 12s to 15s 6d; good, 9* to 10s 6d ; poor, 5s to 6«; cooking, 5s to 7s. Oranges : Island, 6s 6d case. Lemon*: Local, prime," 10s to 10a 6d case; medium, 7s to 8s; local, rough and coarse, 5s to 6s Cape gooseberries, 2d to 3d lb. Quinces, 5s to 6s case. Passion-fruit, Is 6d, to 4s box. Poultry.—Hens, Is to 2s each; table roosters, heavy 2s 6rl to 3s 3d, others Is 3d to 2s; ducks, Is 8d to 2s lCkl; geese, 3s to 4s; turkeys, gobblers 5s to 12s, hens 5s to 6s. • ' • ■-:•:. Miscellaneous.— pigs, 5* 6d to 10s each. FROZEN MEAT MARKET. Messrs. Dalgety and Co., Limited, Auckland, have received the following cablegram from their London office under date the 20th inst.:—Frozen meat; Since our last wire frozen mutton and lamb are in limited demand owing to large stocks. Frozen lamb is 3 per cent, lower, and prices are in favour of buyers for frozen mutton. Prospects for frozen meat in general are unfavourable. Beef: Hindquarters are firm and forequarters 5 per cent, lower. . ' DALGETY AND CO.'S REPORT. Dalgety hnd Co., Limited, Auckland, report having held their usual weekly sale of hides, skins, tallow, etc., on Tuesday, clearing a large catalogue under good competition as under:— Hides : Market firm. We quote—Extra stout ox, up to 7Jd; stout, &id to 7d; medium, 6d to 63d; light, 5d to 6d; cow, best lines to s|d, good lines 5:1 to 51d, inferior 4d to 4Jd; stags', 3-id to 4d ; "kips, 4id to s£d; calf, 5d to 5Jd ; damaged hides, 3d to 4d. '" ■■■•■'■• Sheepskins: Market firm: We quote—Best woolly butchers', large to 6s, medium a &d to 4* small 2s. to 3s 3d; lambs' and sheep pelt*, best 3s 3d to 4s, good 2s 6d to 33, seconds Is 3d to Is 9d each, damaged 3d to Is. Tallow: Market firm. We quote—Best mixed, up to 24si 6d; good, 21s to 21s 6d; inferior, 13s to 20s. Rough fat. lid to ljd per lb. Cowtails, Is 8d : per dozen. Horsehair, Is 3d to Is 9d per lb. Bones, £4 17s 6d per ton; WRIGHT, STEPHENSON AND CO. [EY TELEGRAPH.— ASSOCIATION.] . DUNEDIN, Friday. The third annual meeting of shareholders in Wright, Stephenson, and Co. was held today. The directors' report stated that the profit and loss account showed a credit balance of £24,859 6s'7d, from which had to be deducted an interim dividend for the six months ended September 30, 1908 (£6412 2s Id), leaving a- balance of £18,447 4s 6d. The directors recommended i that after making fixed payments on founders' and preference shares, a dividend at the rate of 6 per cent, per annum be paid, leaving £8678 7s 7d to be carried forward. The report and balancesheet were adopted, and the retiring director (Mr. J. A. Johnstone) re-elected.

WELLINGTON STOCK EXCHANGE. [BT TELEGRAPH.— OWK CORRESPONDENT.] Wellington, Friday.. A comparatively large number of sales were reported at the Stock Exchange to-day. In the mining division snips were reported of Talisman Consolidated* at £2 12s. Waihi Grand Junctions at £2 53 3d and £2 5s lid. Consolidated Goldfields at 18s 3d and 18s, Waihis at £9 ss, and New Sylvias at 2a sd. CHRIfSTOHURCH GRAIN MARKET. [BY TELEGRAPH.—PRESS ASSOCIATION.] , Christchtjrch, Friday. The local wheat' market continues quiet and but. little business has been done since Tuesday. The prices obtained for •■ what grain that has changed hands hardly form a basis for quotation purposes. It appears fairly certain, however, that very little milling wheat is obtainable under 4s. Shipping accommodation is offering more freely, and in consequence shippers are getting rid, of grain which has been awaiting shipment for some time. It is anticipated that as a result of this state of affairs the wheat market should shortly show signs of improvement. .- „ The oat market is still quiet, but is expected to show more life as soon as the cornsacks arriving by the Aparima are available. In other lines only slight alterations in prices are recorded __■" DUtfEDIN STOCK EXCHANGE. •'■.■ [BY TELEGRAPH.— PRESS ASSOCIATION.] : _.. ■■!,':' : DOKEDIif, Friday. The following Stock Exchange, sales are reportedWaihi Extended, 6s lid; Waihi Grand Junction, £2 2s 9d; Rise and Shine, £1 14s 9d. • ' LONDON. ; './ By Telegraph.—Press Association.—Copyright. , LONDON, May 20. Good competition exists at the wool Bales at full rates. The Otaira. clip sold at 104 d, Peparai at lljd, and Bancepeth at 12Jd. ~.■-: /ft . Copper : On spot, £59 ss ; at three months, £59 18s 9d; electrolytic, £60 7s 6d. . : -,-, Australian wheat cargoes sold at 43s 3d, 43s 9d, 445, * 44s 9d, and 455. - "™->:-,.-- , <■ ■ . . (Received. May. 21, 7.50 p.m.) ft London, May 21. BANK OF ENGLAND RETURNS. £) Following are the Bank of England returns for the week:—Gold coin, ■ £36,895,000; reserve, £27,736,000; proportion of reserve to liabilities, 49 50 per cent.; notes in circulation, £29,201,000; public deposits, £14,954,000; other deposits, £40,985,000; Government securities, £15,369,000; other securities, £30,574,000. ./.: . ft;., , .' ) MONEY MARKET. ' , Bank rate,' 2£ per cent. •"-ft '' ' .- Three months' bills: In London, 1| per cent.; Berlin, 24 per cent.. " COLONIAL STOCKS. New South! Wales 4 per cents., £108; 3£ per cent*., £99 10s; .3,per cents., £88 12s 6d. . ; Victorian 3 per cents., £88. ' i y,i South Australian 3J, per cents., £99 10s; 3 per cents., £86. • '• Queensland 4 per cents.. £106; 3iper cents., £98 10s; 3 per cents.,. £88. . New Zealand 4 per cents., £106; 3J per cents., £99 10s; 3 per cents., £87 10s. ■ . . - . Tasmanian 34 per cents., £99 10s; 3 per cents., £88 10s. : '■'•' -'• ■- West Australian 34 per cents., £98 10s; 3 per cents., : £87 10s. ■;■:. ■■: 'ft:ft\ •'■■:■■'•,>, ?ft'*ft : -.ft ft-ft The West-Australian-new loan is quoted at & per cent, premium. < -' ' \: ft.: „ v ..ft metals.? '.'■'•.'.-/-■.• "..'-■ <-■:•;■ Copper: On spot, £59 8s 9d; at three months, £60 2s 6d; electrolytic. £60 ss. . Tin . *On spot, £131 ■ 10s; at three months, £132 10a. •" .' ;.' ?' , ; „ ■' i Iron, 47s lOd. Spelter, £22. ,-' / • ' ' 1 / ' SUGAR. ■ German, 10s 7d; first marks, 12s 6d. '-, >: ' WOOL. , ,:' : . The Bradford wool market is ■, firm, but quiet, with prices unchanged. v The sales included Hinemoa at Bi-i and Kiaora at 9|d. WHEAT AND FLOUR. ft ■'' The wheat markets are very firm and there is an active demand for near cargoes for the Continent, especially for Germany. An Australian [ cargo sold at 44s 6d and a nearly-due parcel at 44s KM Australian on spot is very scarce at 47s 6d. .'■ ft , ! ■• . 'rI Flour is quiet and unchanged on spot, with nothing doing in forward lots. « ; .» : ft . BUTTER. Butter is very firm, supplies being short owing to cold and dry weather in England and the Continent. Danish sells at. 114s to 117s and Choicest Australian about 102s, occasionally 104s; New Zealand, 106s. There is ' a good demand for secondary Australian at 94s to 98s and New Zealand at*9Bs to 100s. - RABBITSKINS. At, the rabbitskin sales 1078 bundles were offered. There was a good demand and 1006 sold at an average advance of obout a Halfpenny.

Seller*. Buyer». £ «. d. £ «. A BANKS— New Zealand ... ... 9 5 0 < 9 0 0 National ... ... .. 5 8 6 ! — INSURANCE— „ . New Zealand 3 16 3 3 15 6 South British 2 10 0 — FINANCIAL- , New Zealand and River Plate ... 1 14 0 1 12 0^ COAL- ... Hikurangi ... 110 0 18 6 Nort. Co., ,:0* paid ... 0 12 9 — Taupiri Mines, Ltd. ... 1 0 0 0 19 0 Drury, A pref 0 IB 0 — Drury .. .. 036 016 GAS— Auckland ... ... ... 14 6 0 14. 5 0 Auckland, new issue ... 10 6 .,,10 0 tiifsbornc ..!■ 2 14 0 . '2 12 6 SHIPPING— ' / ■ Northern, paid up ... 0 13 6 0 13 0 Northern, con. .. ... 0 6 6 0 6 4 Devonport Steam Ferry.. 1 10 0 18 0. TIMBER— • 1 Kauri, cor). ... .. ... 0 15 0 0 14 9 Leyland-O'Brien, Ltd. ... 1 3 0 '{ — MISCELLANEOUS— " , I Auckland Tramways, pref. — 12 9 Auckland Tramways, ord. 116 113 D.S.C., Limited ... ..... 0 4 0 0 3 11 Grey and Mtn/ies, pref.... 0 9 0' — Hill and Plummer, Ltd..... 1. 1 0 - — ■ N.Z. Portland Cement Co. 2 1 9 2 13 N.Z Portland Cement Co., new issue — 1 15 0 Northern Boot. . ... ... 0 11 6 0 10 0 New Zealand Paper Mills — 12 9 Tonson Garlick, Ltd. ... 0 19 0; — Union Oil ... ... — 0 19 5 Wiseman and Sons, pref. 1 0 0 0 IS 0 Wiseman and Son*, ord. 0 13 0 — Wilsons Portland Cement Co., pref. ... . • — 1 19. 0 w:i«on« t'ortlxnd 'Cement ' Co., ord 1 19 6 1 18 6 MINING— Bonanza, con. :.. ... 0 0 2) 0 0 1 Dixon's Consolidated ... 0 0 3 0 0 1 Halcyon ...' ... ... 0. 0 2J • — , Kuranui ... ... 0 0 10 0 0 7.J Kuranui-Cale'ionian , .. 0 12 010 May Quec>: ... ... ... 0 2 2 0 2 0 New M<r ■ 0 0 8 — New Svivia 5 . 0 2. 7 0 2 6 Old Al'bUrnia, paid up ... 0 18 0 16 Old Alburnia. con. ... 0 1 0 0 0 10 Saxon ... — 0 2 1 0 2 0 Thames .:. . . 0 0 5J 0 0 ij Victoria ... 010 0011 Waiotahi ... .... ... 0 2 9 0 2 8 Waitangj. Consolidated ... 0 4 5 0 4 4 Watchman ... ... . ... 0 0 9 0 0 8) Mount Zeehan, con. ,. 0 0 3) 0 0 1£ Blackwater .. 18 6 — Consolidated Goldfields ... 0 18 0 0 17 3 Progress Mines ... ... 0 12 0 0 10 3 Haurakl Freehold ... ... 0 0 3A ' 0 0 3 Old Hauraki , Gold Mines 0 1 0 0 0 9) Royal Oak, paid up ... 0 1 9 0 13 Roval Oak, con. ... ..014 013 LnniKan's Antimony Mine 0 0 JO — Comstock, con. ... ' ...00' 006 Crown ... ••• 1 0 5 1 0 410 Dominion, con. ... ... 0 0 2 ; — Golden Belt, paid up ... 0 1 0 — Golden Belt, con 0 0 4 — Golden Cross ... , ... 002 001 Karangahake 18 017 Komata Reefs ... ... 0 0 8Jr 0 0 7 Maoriland ... ... ... . 0 . 0 44 0 0 4 New Waitekauri 0 0,3 0 0 1, Phoenix, con. 0 0 6 0 0 3) Pride of Waihi ... ... 0 0 8 0 0 6 ' Rising Sun ... .0 0 3 — Tairua Broken Hills ... -.0 2 0 0 1 11 Tairua Dawn 0 0 2 — Tairua Golden Hills ... 0 7 0* 0 6 10 Tairua Extended 0 0 2 — Tairua Leads ... ... 0 .0 2 — Tairua Monarch Consoli- ' dated ... ... 006 0 0 3 Tairua Reefs, paid up ... 0 0 8 0 0 5 Tairua Reefs, cT>n. ... 0 0 6 0 0 5Talisman Consolidated • ... 2 12 3 2 12 0 Waihi ... 9 7 0 9 6 0 Waihi Beach 0 0 7) 0 0 6* . Waihi Consolidated ... 0 2 4 0 2 2 Waihi Extended 0 6 0 0 5 11 Waihi Grand Junction ... 2 3 6 2 3 3 WnU'i Grand Junction options ... ... ... 0 19 , 6 0 17 6 Mountain King, con. ... 0 0 6J .0.0 5 New Waitaia ... ... 0 0 9 0 0 7£ V. . CALL AND DIVIDEND LIST. Dividends ..Talisman Consolidated 0X6 Mar 2* National Insurance — May 31 Waihi •• .. 0 6 0 June 1 Mount Lyell Mining and Railway Company .- 0 19 , T une 15 Calls. f , . Dominion, May 12 ... ... 0 0 1 Now Waihi Beach, May 6 ... ... 0 0 1 June 8