COMMERCIAL.

New Zealand Herald, Volume XLVIII, Issue 14691, 27 May 1911, Page 5

COMMERCIAL.

• RrsLVESS was again quiet on the Stock Fxchango yesterday. In mining lines Waibi3 wcro dealt in at 63s 3d and 635, • d thero were further sellers at 63s 3d, ""a buyers at 63a. Waihi Grand Junctions changed hands at 275, more being inquired for at that price, villi sellers at 07 3d Sales were made in Talismans Md) at 51s arid 50s 9d. More were offer at 51s, with buyers at 50s 6d. In investment stocks New Zealand Insurances L re sold at 87s 6d, later sellers quoting Pg 3 6d, and buyers offering 07s 3d. North- ' n Coals wcro done at 10s 6d and WestSu at 295. Auckland Tramways (pref.) • ware disposed of at 295, and Tnranaki Petroleums at 17s. AUCKLAND STOCK EXCHANGE. business done YESTERDAY. Previous day's closing sales. £. a. d. Sew Zealand Insurance—2nd call, 87s 6d — Northern Coal—2nd call. Ids 6d ... ... — West port Old—3rd call. 29s - Auckland Tramways (pivf.)— call, 25a 3d ~ Taranaki Petrjlrum (paid)-lst Gill, 17s 0 .18 0 Wav Queen— 2nd call. Is 5(1 016 New Sylvia—2nd and 3rd culls, 3s ... 02 11 ' Occidental Consolidated—2nd call, 4}d, . 4d; 3rd call, 31 d 0 0 4, Victoria — call, lOd ... ... ... —~ Watchman— call, 1? 6d ... ... ' Old llauraki— call, 2s 4d — Kapanjca (con.)— call, Bil ... ... • Bcndigu—2nd call, 3d ... ... ... 00 3 Golden. Cross— call, lOd — Talrua Golden Hills— call, Is 2d; 3rd call, Is* 3d, Is 2d 0 11 Tairua Mines—2nd and 3rd calls, Is 7d 01 6 Talisman Consolidated— 2nd call, 50s 9d; 3rd call, 51s, 503 Sd — Waihi—lst call, 63.1, 63* 3d; 2nd call, 63s 3d, 63» : 3rd call, 63s 3d, 63s ... 3 3 3 ffgihi Grand Junction—3rd call, 27s ... 1 7 3 CLOSING QUOTATIONS. Sellers. Buyer*. £ i. d. £ a. d, BAJfKSNcw Zealand 11 19 0 — National 6 0 & 5 19 0 INSURANCE— Now Zealand 4 8 6 4 7 3 National 1 16 0 — South British - ... 3 9'" 3 8 0 tOAlr— Hikurangi 018 6 — I(ort. Co., Ills paid ... 011 0 010 5 Taupiri Minos, Ltd. ... — 113 Wcstport 19 0 18 6 CAS Auckland ... ... ... 3 9 0 3 8 3 Auckland, new issue* ... 313 3 — SHIPPING— Devonport Steam Ferry ... 1 14 0 1 13 0 Northern, paid up ... 016 0 — Union &S. Co., Ltd. ... 2 1 0 — UMBER— Kauri, con. 0 17 2 — Leyland-O'Bricn, Ltd. ... 1 7 6 17 0 Parker-Lamb, Ltd. .... — 16 0 Taringamutu 2 11 6 — MISCELLANEOUS— Marks'® Turbine, paid up 0 9 0 0 8 6 Auckland Tramways, pref. 15 6 15 3 Auckland Tramways,, ord. 15 3 15 0 N.Z. Portland Cement Co. 114 0 — N.Z. Portland Cement Co., new is«uo ... 15 0 — lakapuna Tram and Ferry Go ... 017 0 0 15 9 Tonson Garlick Co., Ltd. — 0 18 6 Union Oil — 1 11 0 Wiseman and Sons, pref. — 10 0 Wiseman and Sons ord... — 0 19 6 Wilsons Portland Cement Co., pref. 22 0 — WiI«on« Portland Cement Co., ord 2 16 2 10 DEBENTURES— New Zealand Government 4 per cent. (1915) ... 100 10 0 99 10 0 City of Auckland 4 per cent. (1926-1927) ... 101 0 0 — Auckland Harbour Board 4 per cent 100 0 0 98 0 0 Auckland Harbour Board 41 per cent — 100 10 0 JmiNOAlburnia 0 0 2 — Bonanza .. 00 2J 00 1 Dixon's Con,, con. ... 0 0 2 — Good Hope ... ... 0 0 3 — Kuranui 0 0 5 0 0 3 Kuranui-GaledonJan ... 0 1 1 0 011 May queen ... '...016 014 Monowai ... 018 0 1-5 Jloanataiari 0 0 2 0 0 1 , ; New Sylvia 0 3 0 0 211 ...Occidental Consolidated... 0 0 4 0 0 34 ° aTO " 0 2 1 0 1 11 .yctom 0 011 0 0 10 Waotabi 021 020 W«itangi Consolidated ... 0 22 0 2 1 Watchman - ... 0 1 7 0 15 Zeehan, con. — 0 0 24 ■ . Consolidated Goldflelds ... 0 16 9 — . Bremner's Freehold ... ,0 031 00 2 Hauraki Reefs, paid up... Oil 0 0 94 Hauraki Reefs, con. ... 0 0 8 I) 0 6t Mount Welcome, con. ... 0 0 3 0 0 2" ' Old Hauraki Gold Mines 0 2 4 0 2 3 . Kapanga, con 00 8i 00 71 Bcndigo 0 0 4 0 0 2 Crown ... 0 3 7 0 3 5 Crown (options) 0 1 3 0 0 10 Golden Belt ''... ... 0 0 4 — Golden Cross ... ... 0 0 101 00 10 Kcraata Reefs ...' ... 0 0 6 0 0 5 Maoriland 0 0 7 0 0 5 Rising Sun ... ' 0 0 6 0 0 3 Tairua Golden Hills ... 0 1 3 0 12 Talrua Mines 0 17 0 16 Talrua Monarch Con.- ... 00 11 00 1 ; Talisman Consolidated ... 211 0 2 10 6 Waihi ... ... 3 3 3. 3 3 0 Washi Reefs Consolidated 0 22 0 1 11 "wmhi Extended 0 18 0 12 Waihi Grand Junction ... 1 7 3 17 0 JVaihi-Paeroa G. Co. "... — 12 0 Handsworth 0. 00 14 Mountain King 0 0 5 0 0 4 New Waitaia ... 00 8J 00 85 CALL AND DIVIDEND LIST. . Dividend. Talisman Consolidated—l 3 6d, old issue; 1* lid, new issue Now I Waihi Grand Junction 0 10 May 31 sit. Lyell M. and It. Co.. ..013 June 15 Call. Waitangri Consolidated, Mav 10 0 0 2 Sow A|ai, May 10 "... 0 0 0} May 31 Auckland Gns Company, c.a. ... 0 15 0 May 31 Beddon. May 4 0 0 1 June 1 Watchman, May 11 0 0 2 June 1 Hauraki Reefs. May 11 0 0 1 .June 1 Luck.at-Last, May 15 0 0 01 Juno 7 Waihi-i'aeroa G. Co., Mav 16 ... 0 1 0 June 7 Monowai, May 1 0 0 2 Juno 22 Itonowai, May 1 ... ... 00 2 July 22 .FRUIT _ AND PRODUCES MARKET The fruit and produce markets have, been only moderately brisk during the week. In produce tuo supply of jwtatocs has been fully up to reQiiiremeitls, and although the market has been somewhat steadier, no important change has taken place. Onions; Practically no locals have been brought, lonvard, supplies being principally from Canter(lry,' "d th quality was much superior to that wring at the jK'ginriing of the month. Values 'oil rule low, with poor prospects ahead. I'limp_u3 and melons were in short, supply, as compared with former years, and sold under fair wripetilion. Loose vegetables were also somewual short, and where the quality was good high pncc-s ruled. > In dairy produco thero were only smnll offer,F? 0 larnifrs' butler at the auction sales, and old at about, last week's prices. There was exireme scarcity and clilliculty in procuring dairy medium giado butter f<»r bakers' use. Factory wains very firm, and promises to continue so nrotighout the winter months. The tame reiwkj apply to cheese of all grades. Poultry: Supplies were again heavy, and there , a ®, 11 notienablo drop in prices this week, no uoubt due to the plentiful supply of game, and pricei. showed a considerable drop on last week's "luotatioiiH in tin, live rage. , 1 ' r,| it market has hern well supplied, but., jortunafely, the market has lx-en rather dull, » "[S |to the cold snap last week, followed up y bad weather interfering with Friday's sales, anif ICB UVII consisted iiartly of local colon red apples. At Tuesday's ivilo tle-re was a marked l'rovenient on Friday's sale, but at to-day's n'lti ,'"! 10 was again a further drop. Grapes, of!. 10 "' Retting into smaller compass, were n,-,'i re in ' a ' 'lu uit.ities. prices showing no imPovement „u ' ast ' week's rates. A moderate •nil ! y of Sydney fruits came to band, and ~. al ak,i.t i.be .-anie sallies as last week. A ,l ly v large shipment <>[ Island bananas arrived ' Vua from Fiji, the majority of which hid 1 111 I* rf ''ct eornlilioii, and fold at prices r n to shippers. £5 'iHd l'roduc^.— Potatoes: Local, prime. £5 to fairn . V :i ' So " , ll, ' r "' prime, £5 10s to k6. jps !, 3 '•''"al. superior, bs to 6s cwt ; imported, .. . *-■> I>S ion. Il l l >r "duce.- I'.iit.ter : Farmers', in prints, Pru> ls K ■ r, " u! ' ,s 5,1 ! " 1" 8,1 'I'''-'"!!. 63 ir l £~~i : coloured, extra Kiipt*rior, 5,,. to J* M ,««.; , A „1, 7s to 7s 6d ; fair, 5s to Crir !ll:a '• fjll to 4«; cooking, 7s to Bs. dpsset-t* in" 11 '' ls " 3,1 I" 5,1 lb. Pears: Choice, r,v.n „ l'- s ,J<l cose; good, fis to 9s 6d ; I,„ "S- J*- Oranges: Island, 10s to 12a case, and rdf' .i ll ' prime, 6» to 7s bd rase; rouurh Pav.i ?7"', in 6,1 *" Sydney, 8s to g 8 6d. Pinos'- f, '1 " l '' 7s ' ase; Sydney. 5s to 7s. 4, 1 ' r - 11,,, 'n-l.,nd, lis to 12»» crate. Mandarins, IWitoi'r'i'i, *' Ba " amis - 4 -" 10 5« bunch. , Poultry. --Het'Vl, Gd to 2s 3d each : special, ($ tju-lT- &l - lnl,! " roosters: .Special, 3s 6d to 2s 6.1 if", ' ;' s k> '' 9,1 ; ''Sl't. Is 6d to 3, 61 ', 1 ll!:1 ' ! ;- 3 " to 3;, ™ each, (seese, 3s to acccrtli, !' 1,,r1if '. v gobblers. 9s to 12s each, fid n. e l|U ' lll,v ' Turkey hens, 4s Cxi to 6s lJ i atcordmg to quality.

PROPERTY SALES yesterday 'hv'Tv i C! ' < \: U \ •"id Son Hold at auction estate of' th« i ♦ it . l '\ l ! )Uf ' Trustee, in the •tfircyed lilt ° " rR • A - K ««'*>. two two-fr->nu„. tTn ! " S-vraondß-stTCet, having 44ft ii'd ,Vbl.. if n ?, An allotment i:000 » ' V stone-street, was sold for «wn'd ajlotnient at Monte Lo

MESSES. DALGETY AND CO 'S REPORT. lickMhcir^usuaYw«oflf't rep °vf tallow, etc., on Say, May Bki " S ' and Hides: Market firm. W 0 ouotf—Orid" lighted ®ito lt, 6d d C 7 i a ,\ Inedium ' 6Jd to S ,fc <n °y r , to M - Cow ; Best lines to 6d, |ood 7cl to 7 * a - Cut all d damaged hides, 3{d to

ftnd le ,wlU l "«V J . ta ( rkC -, t n ,T,' Best l '«tcher S ' lambs Drv il-inq V 6d to 3s lOd, good 2s 3d to 3s 3d. Dry skins, ha go to 6s 9d, medium 4s Oil to 5s 6d. rai| 1 s m ?R. ? I " rk(fc 17"'J Best mixed, in shipment casks, 28s, good, 26s 6d; medium, ?At. , Rough fat, l]d to lid per lb. Cow tails, In 8d per dozen Horsehair, Is 4d to Is 6:1 tier lb. Good dry bones, £4 15s per" ton.

COUNTRY SALES. The New Zealand Loan and Mercantile A front, Company, Limited, report:— On Monday, the 22nd irist., we held a clearing sale at I ukerimu, on account, of Mr. I'. Lifollev the dairy cows made from £6 to ,'.'ll 15b, ,£i average of £8 8*; medium draught geldinir, £27 • waggon. .'.'2o Ids. b

'!!' Tuesday, at Ohauno, our entry comprised 1«7 sheep and 823 bead of cattle. A good demand existed for all classes, except, calves, for which there was no competition at auction,- but a cwxl deal of business resulted afterwards. J rices: Forward wethers, 14s 4(1; ewes, 8s Id to IDs 6d; full-mouth owes in lamb, 7s 6d to lis 9d; dairy cows, *5 10s to £7 15a; 31-year-old steers m forward condition, up to ill "7s 6d ; 3-year-old steers in forward condition, £5 7s 6d .t (> £5 16s: 21-year-old steers in forward condition. £4 to £4 ss; 20 months to 2-vear-old steers in forward condition, £3 9.-) to JC3 15s : 18 months Steers in forward condition. £3 to £3 7s; good strong calvcs, £1 15s to £ 1 19s; others, ,Cl 4s to £1 10s; store cows, £.1 15s to £3 15.« ; 27 acres of swedes at Kaipalti realised £3 4s per acre. 1 , „ WELLINGTON STOCK _ EXCHANGE. LBY TELEGRAPH. —» ASSOCIATION Wellington, Friday. Hie following business was transacted on the Wellington Stock Exchange to-day:—lo a.m.: Old Hauraki, 2s 4.U1, 2s 5d (reported); Waihi, £3 3s (on 'Change). Noon: Old Hauraki. 2s 44d (reported). 3.15 p.m.: New Sylvia, 2s lljd (r*eported); Waihi, £3 os 3d (on 'Change). DUNEDIN STOCK EXCHANGE. [nr TELE ritESS association. _ , „ . . DtTNKtUN, I'ridav. Die following sales were reported on tho Dunedin Stock Exchange to-dayßank of New Zealand, £11 16s 6d ; Union Steam, £2 la; New Zea- I land Drug. £2 9s 3d : Milburn Lime. £2 0a 6d ; I Talisman Consolidated. £2 10s 6d ; National Insurance, £1 15s 6(1; West port (Vial, £1 8s 9d. REUTER'S TELEGRAM COMPANY. [BY TELEGRAPH, —CRESS ASSOCIATION.] Wellington, Friday. Renter's Telegram Company, Limited, have declared the usual dividend at the rate of 5 per cent, per annum for the half-year ending December 31 last. According to the balance-sheet just issued, tho total to the credit of tho various reservo funds at, that dato amounted to £132,521, being 40 per cent, in excess of tho paid up capital (£94,712). 1 1 LONDON SHAREMARKET. ! By Telegraph.— Association.—Copyright. London, May 25. Following v were to-day's closing quotations: Waihi: Buyers, £3; sellers, £3 2s 6d. Waihi Grand Junction: Buyers, £1 6s 3d; sellers. £1 7s 6d. Talisman Consolidated; Buyers, £2 lis 3d; sellers, £2 13s 9d. CHRISTCHURCH GRAIN MARKET. [BY TELEGRAPH.—TRESS ASSOCIATION.] CuRiSTcnPRCH, Friday. Thero is little chango to report in the local wheat market and business during the past fewdays has been exceedingly slack. Merchants cannot handle grain at the price holders ask, the latter will not come down, so there is a deadlock. Practically no lines of any consequents have changed hands. Oats remain as formerly quoted and the market is quite firm. Chaff also is steady at about £4 5s per ton at country stations. PRODUCE MARKET. [BY TELEGRArn.— ASSOCIATION.] Cnr.TSTCECitCH, Friday. The potato market.is quiet and no change is reported. Buyers will give 655, but there is very littlo offering, and the demand is weak. Onions have advanced 10s per ton, and- partridge peas have dropped about 2d. In dairy produoo all grades of butter have risenfactory a penny and farmers' a halfpenny. LONDON. By Telegraph.—Press Association.—Copyright. (Received May 26, 10 p.m.) London, May 26. BANK OF ENGLAND RETURNS. Following arc the Bank of England returns for the week :—Coin, £37,114,000: reserve, £28,806,000; proportion of reserve to liabilities, 51.76 per cent.; notes in circulation, £27,975,000; public deposits, £15,059,000; other deposits, £40,554,000; Government securities, £14,971,000; other securities, £29,593,000. % MONEY MARKET. Bank rate, 3 per cent. Short loans. 1J per cent. Three months' bills: London, 2 0-16 per cent.; Paris, 2 per cent.; Berlin, 2 per cent. WHEAT, FLOUR, AND OATS. The wheat markets are dull and speculation has ceased. Owing to the breaking up of the drought in Southern Russia and enormous world's shipment, prices have a slightly easier tendency. The sum of 35s 4d is asked for South Australian sailers, February shipment, 35s for March, 34s 9d for April, May, and June, and 34s 10id for New South Wales March shipments. There is slow demand for Australian on spot at 36s 6d to 36s 7d. New Zealand, 35s to 35s 6d. Flour is dull. Spot, 24-s 9d; forward, about 235. Oats are scarce. Gortons, 20s 6d to 225, sparrowbills, 20s to 21s 6d. METALS. Copper; On spot, £55; at three months, £55 lis 3d. Tin: Forward, £188 18s. Lead, £13. Iron, 46s lOd. Spelter, £24 7« 6d. SUGAR. German, 10s sd; first marks, 12s sd. WOOL. The Bradford wool market is quieter, with a slightly weaker tendency. BUTTER AND CHEESE. Tho butter market is dull, English filling all the country markets, with no demand for colonial. Prices ore practically unchanged, but tending downwards, large quantities being stored. Cheese "is dull. New Zealand white, 53s to 58s od ; coloured, 53a. Messrs. Dalgety and Co.. Limited, Auckland, are in receipt of the following cubic from their Loudon oil ice, under date May 24:—Butter: Market weak. For lower qualities "market demoralised European supplies increasing. Production will , probably be large. The total imports into the United Kingdom for the week ending Saturday last were 78,G00cwt, and for the corresponding period last year 84,000cwt. Tho Copenhagen official quotation unchanged. We quote:—New Zealand butter, salted, at 104s; Danish, 108s; finest Australian, salted 965, unsaltfd 98s; good to fine .Australian, from 84s to 90s; inferior Australian, 76s to 80s. Cheese: Market weak. White 58s, coloured 595. The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London oflice, under date May 24 :—Wheat sold at 35s 6d c.i.f. Australian cargo; very little demand; favourable crop reports. Market prospects on tho Continent are not likely to improve at- present. Wo quote:— quarter c.i.f. New Zealand wheat, long-berried, 335; short-lx'rried, 32s 6d. • Tallow: Wo quote present spot values for the following descriptions: Good mutton, 34s 9d per cwt: good beef, 32s 3d per cwt; mixed, 31s. Market lower tendency.