FINANCE AND TRADE

New Zealand Times, Volume XXXII, Issue 7049, 10 February 1910, Page 4

FINANCE AND TRADE

WELLINGTON STOCK EXCHANGE. YESTERDAY'S QUOTATIONS. MINING STOCK. Auckland.—Kuranui Caledonian—lo a.r:i„ b Is id. h Is 7d; noon, b Is sd, s Is 7(1. sales Is 6d (reported); 3.10, b H sd. May Queen— lo a.m., b 4a 3d. « 4s lid, pale* 4s 9d (reported): noon, b 4s 9d. a 4s lid; 3.10. a 4g lOd. Maorlland —K) a.in., b 6d, h Sd ; noon, b 6d, H Bd. N.Z. Crown—lo a.m., .4 4j ed; noon, b 4s 3d. a 4s 6d, sale* 4* C<: (reported); 3.15, b 4». s 4>i 4d. Now Sylvia--10 ft.m.. b 3b 7d. h 3s 9d; noon. b 3s 6«i, s 3g 9(1; 3.15. h Zh 7d. s Z* 9d. Old Hatiraki G. Minos—lo a.m., b ss, s 5b 3d. Kale* 5b 2o (reported); noon, h 5b 2d, 8 3k- 3d; 3,15, n 6b 3d, g 5 h 9d, Haley Cs 6d, 5s 9(1, 5( 9d (’Change). Saxon—lo a.m., b hi Bd, u ls f E noon, 1> Is 3d, h 1b 9d, gales la Od (Thamrco: 3.15, b In 7d, a la Ed. Tairua Urokcn Hills—--10 ttJU., b Is; noon, b Is; 3.15, b Ib. Tailsman Consolidated—lo a.in., b £2 12s 6d, a £2 loti. Bales £ 2 13a 6*l. f2 13.5 9d. .12 13* ('Change); noon, h £2 12b 3d. b £2 12a 6d . talcs £2 12» 9d, £2 13h (reported). £2 12a 6d. £2 12a 6d rCimngu); 3.15. 1) >.2 10s. g £2 Da. Palos £2 11a 9d (reported'. Waibi—noon, b £9 18a. a £lO. Waihi Grand June!ion-10 a.m., b £1 7s 6d, h £1 7s 9d, Kile* U 7s » (2), £1 7g 9d (5, Change); noon, 1) XI 7s 6d. 8 £1 7s 9d. sal*'® .t-,1 Ss, £1 7s 9d (reported . £1 7s 6(1. £1 7h 6d f’Chamrei- 3.15. b £1 7* 4d, h £1 7a 6d, aaks £l7*Bd. £1 7»7i'l. £1 7a tu (reported). Waitaiuri Consolidated N.L. —lO a.m., h In 6d; noon, h Is 7d; 3.13, b D 7d. Watchman—noon. b Is lid. West Coast.—Consolidated Cl old fie Ids— V. a.m., b 17a, s 18s 3d; noon, b 17s 3d, s 18a 6d; 3.15, Is 17a. s' 18n. Progre:*: —lO a.m.. b 13s 9d, s 13s 3d; noon, b 12s Cd, a 13s 3d. Boss Goldfields. Ltd. (paid)—3.ls pm., a 8i 6d. Note.—The letter “b" signifies buyers and 'a” sellers

t'Clmngo. Q UOTATIONS ELSEWHEKL. Ptt£Sß ASSOCIATION. AUCKLAND, February 9. Business tloxio this morning was as follows Saxon Is 9d. Haurald 5a 4d, Ba, Kapanga (coat.) Is Id, Crown 4s> (id, Talisman 545, 52s (Id, Clraud Juuotion 27s Gd, 23a, "Waihi £lO, Northern Steam (cont.) (is Ad. Kauri Timber (oont) 15s (sd, Auckland Trams (ord.) 22a, "Wilson a Cement ‘iGa. Afternoon call May Queen 4s 9d, TValtangi Consolidated Is 7d, Watchman 2s 2d, Old llauraki 5s 2d, 5a 9d, 5s Kid, 5s lid, 6s sd, Os Id, Os 2d, Os, 5s lid, Ngatiawa 3id, 3d, N.Z. Crown 4s Gd, ■Phoenix 4d, sd, Talisman Consolidated 52s 3d, 525, Waihi £lO,, Dixon's Consolidated 3d, Waihi Grand Junction 28s 3d, N.Z. Insurance 74s N.Z. Cement 41s 6d, Wilson’s Cement (ord.) 455. DUNEDIN, February 9. . Stock Exchange sales:—Old Hauralci Cs 7d, os Sd. Talisman £2 13a 3d, Waihi Grand Junction 27s Gd. 28s (three parcels), Muddy Terraco 23a, 22s 9d. Halos reportedisufcional Insurance 28s 3d, Westport-Stockton 7s 9d, D.X.C. (prcf.) S2a. YESTERDAY’S STOCK SALES, mow cim own coekespondeni. JOHNSONVILLB. Abraham and Williams report:—Wo ofiorcd a good entry of prime bullocks and sheep, which sold readily at late irates. We quote:—Prime summer bulijocka £7 17s Gd to £8 2a Gd." lighter £7 !12s Gd to £7 15s, light £7 10s. prime 'Wethora 13s 9d, good ewes 11s Gd, medium ills, plain 10s, woolly lambs llg 4d, prime ehorn 10s to 10s Id, good shorn la tuba 9s ■to 9a lOd. WANGANUI. Dalgoty and Co., Ltd,, report:—Wo yarded 5200 sheop and 580 cattle. Tho •bulk of tho sheep consisted of lines of '.back country ewes, of rather rough quality, which met with a good demand at a sharp advance in prices. Wethers and K” übs also sold well, and we quitted bulk of the - sheop at prices in jTondora’ favour. Tho bulk of the ■cattle yarded were two to two and a half year steers, which met with a (rather dull demand. Other- classes of (cattle sold well. Quotations: —Two and “four-tooth ewes I2a sd, G-tooth ewes .(rough class) Os 9d to 12s, full-mouth (owes 8s 6d, sound-mouth owes Gs 3d to Ids 2d, cull owes 2a ■ Gd to 4s 7d, 2-tooth ewes and wothore mixed 9s 3d, forward wethers 10s Id to 12s, woolly lambs 6s Jo 8s 9d, shorn ewe lambs 7s, mixed lambs 7a to 7s 3d, culls 3s 4d to 3s 9d, fulhmouth Bomney rams Ign to llgns, forward 3J-year bullocks £5 15s Gd‘, 21yoar ateors XI 3s to £4 7a 6d, 2-year B tears £2 10s to £3 2a Gd, cows and calves £4 10s Cd, 2-ycar heifers £2 5s to £3 9a Gel, forward cows £3 to £3 10s spayed oows forward £3 Bs, fat oows £4 49. weaners (mostly steers) £1 3a cd to *£l 9s, oowa in calf £3 10a to £4 2a Gd toilers In calf £4. old bulls £2 Gs. ADDINGTON, PRESS ASSOCIATION. OintlSTOirUIlCH. February 9. At tho Addington live stock market there ware good yardinga of ©took, but as farmers were busy harvesting tho, attoudanco was not up to the average. Fat cattle wore irregular of sale at lato rates. Store sheop were in good demand, all except backward lambs. Fat lambs showed a further rise in .prices, and fat sheep sold at last week's rates. Pigs were dull of sale. Store cattle wore in fair demand and dairy cows sold well. Thero was a largo yarding of store sheep. The bulk consisted of rapo lambs, of which a considerable .proportion wore a good class. For forwhrd lambs there was a good demand at last week's prices, but for tho poorer classes there was a decline of Gd to 9d .per head. ■ There was a moil era to entry of owe* and wethers, and these showed practic ally no change in values. Best rapo lambs sold at 8s lOd to 10s lOci, email 6s 5d to Bs, forward wethers to Ife 9d, medium 10s Gd to 12s Gd. lighter 9s Cd to 11s, two-tooth ewes to 13s Od. ami twenty-four eight-tooth owes to 12s 10*1. Tho entry of fat lambs totalled 001 a, the largest number offered this season. There were some prime lots penned, but a considerable proportion were on the light side. Those, however, sold remarkably well and were firmer by about lo per head, while the prim ert lambs showed a wise of nlwnt 9d per head. Onefourth of the yarding approximately sold At 'l4a to las. about one-half at 13s to 13s lid, and the balance at 10s 4d to

12s lid, the bulk thus making over 13fl. There were G 035 taken for export, tho demand being keen, and 58G were bought by butchers.

’The yarding of fat fchoep was a comparatively .-.mull one. There was a good demand i’or v,'ethers for oX]w>rt, and as the supply of owe*, was nor beyond etitclie-r;,' requirements there was no change in values. Tho range of prices was !5;-r to IGs td, others 12s 3d to Ms Gd. prime mm, lls Gd to Ms Ml. others 8s to H >. merino wethers 8s to 9s 2d. Then- were 219 fat cattle penned, being mostly dealers’ linos ami tho quality was .'jf good general average. At the opening "of the tale nearly the whole yarding wns passed, but afterwards all but (.even or eight Jots were sold. Prices .■■heaved praetienilv no change, prune beef being (.qnal' to £■■- to 2Js. medium 18s Od t->* itls Cd, and cow and’ inferior 17s to (8s per 10011). Steers brought .£G 5s to ,69 17s Cd. heifers .65 to £7 17s Gd. and rows .Cl 7s Gd to .67 7s Cd. Veal calves formed a small yarding and gold at 4s Gil VXrmll yarding of store- cattle sold nl, ’nil) rates, yearlings making 2Gs to ;;;a, 15 to IS-monlh £2 4s to -62 fo. 2-ycar steer., 63 17s Cd 2-year heifers ,63 3s Od, 2V-venr steers .£4 Kb. 3-yenr steers .65 5s to ‘ 6(l -v .'(.year heifers .64 4s to X 4 15s, and drv’ emvfi ,£2 10s to ,64 Ms, Dairy cows wi re in good demand and realised A 3 10s to 610." . , There* v.-ns a funall yardinp of pi£& a (lull ’ talc, for both fat and stores. Largo bawners in ado 42s to 495, and lighter 34s to 40s (equal to 41d to 4 if 1 per It)), large stores 23s to 325, medium 17s to 20s. aml weanors 8s Gd to 125.

BURNSIDE. DUNEDIN, February 9. At. tho Burnside stock market 17G cattlo wore yarded. They were of good quality, but prices were a little lower, lit st fats brought from £3 -s W to *». while a pen of extras realised X 9 10s. Medium brought from X 7 2s Cd to XB, heifers from .64 10s to £5 10s, while a pen of extras brought £7 2s Gd. Sheep.—Two thousand five hundred wore yarded of fair quality. Competition was not keen, there being a number of old owes. Prime wethers brought 13s 9d to 15s, heavy 15s to 16s, aud extra sptH-ial to 18-i, medium 12s 9<i to 1 -Is 3d, owes (extra) to 18s, prime 11a to 12g 9d, medium 9s 3d to lie, inferior 7s 3d to a Lanibfl.~T\vo thousand were yarded. The top price was 15s. Prim© brought KL to 11s, medium llg'Od to 12s 9d, and inferior 9s 9d to lls 6cl. Competition was very keen, the freezing companies running prices up. Pigs,—Ono hundred and twenty-five wore yarded. Tho prices of young pigs were easier and for porkers and baconors about the same. Suckers made 6s Cd to 10s, slips lls to 15s. stores 18s to 235, porkers 27s to 31s, light baconers 35s to 3Ss, heavy baconers iOs to 435, choppers to ss. A MARLBOROUGH CLEARING SALE. Dalpety and Co., Ltd., conducted a clearing sale on Tuesday on account of Mr John Dalziel, Marlborough (who has sold his property), Tho wet morning delayed the sal© for an hour, by which time the attendance had become exceptionally large. The stock offered wore in good order, and the sale right through was very satisfactory indeed. Prices ruled us follow :

Sheep.—l3o 2-tooth half-bred ewes, 13s Id; 96 4-tooth half-bred ©wes, lls 3d; 120 half-bred ewo lambs, 10s 8d; 38 m.s. half-bred cull lambs, 4s; 50 aged ewes, 4s 9d; 238 full-mouth half and three-quarter-bred ewes, 0s 7d; 100 three-quarter-bred rape lambs, 7s 6d; 20 cull ewes, 4s 7d; 63 4-tooth wethers, 10s Sd; 78 half-bred wether lambs, 6s sd; 61 6-footh crossbred owes, lls Id; 57 4-tooth do., lls 3d; 165 2-tooth do., 10s-lid; 200 2-fcooth wethers, 7s; English Leicester rams, X*2 2s; Corridaie rams (*£ed) |gn to £1 Is. Horses.—Draught, *823, *619 10s, £Z2 10s, JBU 10s, c£37 10s, w£9, 10s, £-U, £l2, .£2O; hacks, £l2; pony, £2 10s. Cows,—Milch cows, £8 and £5 15s* bull, £1; six-months heifer, £1 10s; calf, 12s Cd. Grain.—'Whole wheat, 15s 8d per sack; seconds, lls: Cape barley, 5s Cd; peas, 10s 6d; chan, per ton, 665; straw chaff, 355; Algerian oats, 2s 4id. Implements.—D.F. plough, £2 ssi three-furrow do., £lO ss; blocks and trees, £2 10s; five-leaf harrows, £4 17s Cd; drays and frame, £5, £5 ss; winnower. £3 7s 6d: grain and manure drill, £2l; Hornby binder, £18; Peering do., £2; Duncan stripper, £ls; buggy, £2l 10s. CHRISTCHURCH MEAT COMPANY. The annual report of the Christchurch Meat Company, Ltd., shows that tho quantity of stock slaughtered at the various works of the company daring the season reached the satisfactory total of 1,313,505 carcases, being au increase on last year of 139,116. , The substantial sum of £12,265 4s 6d has been expended on renewals anu replacements to buildings and machinery. The directors recommend that the accident insurance reserve of £2858 lls 4d and the share premium account of £330 A6a lOd be amalgamated and treated as the nucleus of a general assurance reserve. Tho balance at credit of. profit apd loss, after providing for tho interim dividend already paid of £6698 Oa Bd, amounts to £40,965 8s Bd, which the directors recommend shall be disposed of as follows;—To write off for depreciation on works and plant, £5000; to add to reserve (making this fund £60,000), £5000; to add to the proposed general assurance reserve (making this fund £15,000), £ll,BlO lls lOd; to special provision for renewals and improveinents now in progress at Islington, £5000; to nay a dividend of 4 per cent, for the half year ended October 31st, 1909 (making 9 per cent, for tho year), £6739 18s sd; leaving an amount to carry forward of £7415 3s sd; total, £40,965 8s Bd. NEW TEAR ANTICIPATIONS. TBO3I Otrn SPECIAL COBEESPONDEKT. LONDON, December 31. Business people in the Old Country aro looking fbrward to tho New Year with a feeling of confidence. Trad© ha© been improving steadily of late, andthor© are signs of a continuation of the im. provement. The iron and steel trades are showing more activity with rising prices, the woollen and hosiery trades are enjoying growing prosperity, there is quite a boom m tho Coventry silk trade, th© shoe ahd 1 leather industries are on tho mend, and oven th© shipping industry js beginning to shake off tho long spell of depression that has hung over it. Tho cotton trade, it is true, remains under a cloud, but that is due to the exceptional circumstances of a short crop and high -prices which equally affect British, American and Continental spinners. On tho whole, however, there arc .pleading signs of a generous trade revival in 1910, and Sir Christopher Furness, who is ojt the head of one of our largest shipping enterprises, states that he has not known for many years industrial prospects so good as they are at the present in tho Old Country. Of the year that has passed one has hoard little that hs good from the mouths of business people generally. But really 1909 cannot have been tas bad for trad© a« has been suggested. There were, for instance, far fewer failures than in th© year .preceding, and in ono respect 1909 established a clear record. That was in the offering of capital. The total amount pf public issues? was no less than £259£68,200. as compared with £226,561,700 in 1908. That the company should have* been so busy proves tho existence of available surplus capital, wlrch should indicate a- state of prosperity. A prominent feature of the now promotions been tho number devoted to entertainments, such ns skating rinks, ■electric theatre's, music halls, and the like, indrouting the belief that there is money in plenty to bo spent on amuse-

ments. Large sums have also been found for tho (promotion of tho rubber industry, chiefly in British possessions, whilst for sound industrial enterprises at Home there has always been plenty of money forthcoming from the public. Save in the matter of weather, 1909 was certainly not a bad year for the Old Country, taking things all round, but unless tho entire unforeseen happens w© look like having a really good time in 1910. So may it be, WELLINGTON MARKETS. Laery and Co., Ltd., Wellington, report wholesale prices ruling on the market:—Wheat, fowl 4a 8d to 4s 10d; feed oate, 2s id to 2s 6d. Dun oats Zs 4d to 2s 6a, seed oats 2a 4d to 2s 8d; Algerian oats, 2f 4d to 2s 6d; maize, 4a Id to 4s 3d; oruahed malt, 7a; fowl barley, 2a 4d to 2s fid, Oape barley seed 2s fid to 2s 9d; flour, New Zealand £ll 5s to £ll Ids.- Australian £l2 to £l2 10s; bran. £4 to £4 10s; pearl barley, 15s; peas, Prussian blue 5s 3d to 6s 6d, fowl 4a, split £1710s; bonedust, £slsa; superphosphates, £5 to £5 ss; pollard £6 6s to £5 10a; basic slag, £4.105; chaff (oatensheaf)* £4 to £4 ss; oatmeal, £ll to £ll 10s; potatoes, table £3 to £6 ton; Ylotorlan onions, 6g to 7a owt; molasses fodder. £5: bacon (factory), sldea fiid, hams 7id, rolls 7Jd; butter, prime bulk 8d to Bid. PoultryHens, 3s: ducks 3s 6d to 4s fid per pair; turkeys, gobblers IBs to 20s, hona, 10s to 14s; fresh eggs, is 4d-to Is 6ddozen; cheese, fid to 64d per lb, loaf 7d to 7fcd; Akaroa machine-dressed cocksfoot, fid to 7d per lb; farmers' dressed cocksfoot, 4d to 6d per lb; ryegrass, 3a fid to 4s fid per bushel; Italian ryegrass, 3s fid to 4s fid bushel; white clover, 70s to 76s per owt; rod clover, 75s per owt; cow grass, 75s per cwt; alsike, 82s fid owt; mustard. 40s owt; rapo seed, 26a owt; timothy, 32s fid cwt; Swede and turnip seed, 60s to 60« owt. WELLINGTON CUSTOMS. The Ottstonifl rcromio received at Wellington yesterday totalled £7953.

»nu e stme ra INVESTMENT STOCK. Buyers So lie. 3. Sales i a. d. £ s. d £ s ,d BANKS— National of N.Z., Ltd 6 0 5 3 6* New Zealand ... 9 12 0 9 15 0 — FINANCIAL— National Mort'ge, Ltd. (cum.) ... 3 1 N.Z. audit. Plato Land, Ltd. 1 15 6 Wel’n Invest T. A. Co.. Ltd 0 11 0 11 6 Wel'u Trust Loan, Ltd 7 2 0 Wel'n Deposit and Mortgage Asa'n. 0 8 0 Uafltert'n Porm'nt 11 0 0 — — OAS— Wolllngt'n. £6159 — 14 0 — Meat Peesbeving— Christchurch Moat Co 11 7 — — 11A NUF ACT OH I NO— Wol'n TTool'n, ord. — 3 3 6 — COAL— Westport (cum) ... 6 6 — — Westport-Stockt'n, Ltd. 0 7 6 0 7 9 0 7 9* 0 7 6t Miscellaneous— Leyland O'Brleu, Timber , 1 3 1 3 6* N.Z. Port. Cement 2 0 Z 6 N.Z. Paper Mills A 0 Sharland and Co., Ltd, preference 1 1 Taranaki Petrol'm £1 paid ... ... 0 9 0 0 9 6 0 9 ot Whitcombo and Tombs, Ltd. ... 4 17 6 — — •Keported.