COMMERCIAL.

Sun (Christchurch), Volume I, Issue 97, 30 May 1914, Page 14

COMMERCIAL.

T CONSOLS AND STOCKS. By Cable.- — Press Association. —-Copyright. --•*•■- : LONDON, May 29." ,-. : Current quotations for Consols* and Aua- ■'•■ tralesian Government stocks," compared with those of last veek, and the corresponding period of last year, are-:- 1 —

• Interest pavable in May and November, t Interest Dayable in January and' July. t i Interest payable in April and - October. METALS. tfy Cable. — Pres* Association—Copyright. j - LONDON, May 29. Copper—Spot £63 3/9, forward , £63 15/-. ~ . Tin—Spot £145, forward £l-17. Pig Iron—sl/3s. Lead—£lß 17/6 to £l9. v Spelter—£2l 5/ -. 'SUGAR. German 9/8, first marks 11/9. * - • WOOL. The Bradfdrd wool market is quiet. Quotations: —46's I7d", 4d's 16£ d, others unchanged. " * WHEAT AND FLOUR. r market is dull, but 36/10$ is offered for West Australian. , Australian, spot, is quoted at 38/6. Flour—The market is slow. Australian patents are quoted at 26/6 ex store. - OTHER PRODUCE. Oats—The market is quiet, La Plata, June-July shipments, 16/-. j, Beans and Peas—The market is ; quiet r"** and price's remain the same. ; ' BUTTER AND CHEESE. _ j Butter—The market is quiet and un- * changed. ~ Cheese —Slightly better business is - i being, done. New Zealand, white-60/-, coloured "63/- to 64/-. v Messrs Kaye and Carter are in re- ' of cable advice from their London a,genis, Messrs Gilbert Anderson and Co. " quoting Smithfield market prices as under j Prjme Canterbury Lamb, under 361b, So 36-42 6 3-16 d; - do 42-50 CH;'Southland and / or North Island selected, 28-42 6 3-16 d; North- Island • . lamb; :28-42 C l-16d; Prime Canterbury '. - inuttbh, 48-56, 4£d; do 38-64, 44d; do '.. • 64-72, 3i; Southland and /or North Island- Selected, 56-64, 4Jd; < North Is- '; land -56-64, 3Jd. THE SHARE" MARKET. Business on the various exchanges -*■ —Btill continues fair. Money is still fairly

: .plentiful and the best securities arc being freely'dealt, in; . ...,..•..■... ■ | . v'As'"anticipated in our last report ' I for the better class of, stocks '' -have Jhcrer.sed and a fair'amount of ..business haa. boon recorded.. A fair business has beeu , dsne in .mining stocks.: Prices in the principal mining ■ stocks, increased, in the early part of the towards' the eiifi? { l : i; '-'; ,; ;.■■; ;-£ v J£' '.,-, :,:' : '■"••' ..;•' '■"' ".'Bank "ofs*' New: : ?.'. r : sSbu'siness .has" "been' reported under'. ' this , heading during this weekl Last week buyers-were quoting £.16. ■■lß/6":and we gave >b as our opinion/that these shares would increase in value. Buyers on the local exchange quoted £l7 4/ J to-day without business resulting. ' National Banks.—These shares have again .increased in,price. Sales have been reported at £5 15/-, an advance of 3/- during the last three weeks. As the dividend is payable early in July these shares should easily reach £6 by that date. ;' : Gas:,Christchurch Gas. —These shares continue in firm demand, sales having been made at £7jV- and there are regular buyers at this figure, in view of the ,near approach of the half-yearly dividend these shares should show a further increase. Wellington. Gas.—This issuei baa not ..increased in value. For several weeks s»les . have been regularly made at £l6 7/6 and buyers are firm at £l6 6/6. -Auckland.. Gas. —These shares-have - ...improved .slightly, a sale having been . made at '!0/«. ' • Insurance. —Only moderate business >has resulted, r.nder this heading.. ...'■'.■ Iv'ew. Zealand sale of .'"'..- -these share \ vrh ' iriadc a;fortnight ago \ at £6 1/6. The advance -has been rapid as a sale was reported from Auckland yesterday at £6 8/-. Evidently.ybuyers -.,_.- anticipate an increase in. the dividend . rate'. National Insurance. —No-business lias been reported. B'.tvers are still offering £2 12/0 ex dividend. Standard insurance.—Regular offers of 35/- have failed to command business. Farmer.; long absence from- the share quotation _. list these sdiares are wanted at £<> for '" '. the , rf6i : "tKe'*2''Jo/'- ." - '.pvid. .'.''■ ■ ' IJij.-ds.—Chrieichurch Meat Co.—

While no business has* beenr reported there is a seller the local- exchange at £l6 15/-, which is probably the present value of these shares. The half - yearly" dividend is payable, in June,"And there.is every prospect of another'increase in value. Shipping.- 1 -Union Steam Ship'.Co".;— Although the half-yearly dividend of 6d per share on the- ordinary share's was disappointing, these shares continue "in fair demand at 25/6 cum dividend. Buyers of the preference issue are offering 21/3, While sellers are asking 21/6. Sales of the preference issue have been made at 21/4. • N.Z. Shipping Cq.-i-While no -buyers are recorded, sellers of the ordinary shares are offering at £l6, which shows a slight. decline. : -Cbal.f—Westport—Buyers of the.old issue are- offering 31/3, while sales of the new issue have been made at 30/-. These shares -.continue in firm demand. ; Taupiris.—This '. issue has recovered slightly.:- Buyers are offering 21/-. Miscellaneous—Bowron Bros.—This issue has declined slightly, buyers now offering 7/ while no business has resulted. . . • - Farmers Co-op.—Sales have .been made at 47/-, with sellers still quoting this -figure. Buyers are -wanting -the. preference issue at £5 5/- without sellers. Whitcombe and Tombs.—Prices have rapidly increased, a sale having been i.ecordfed locally at £6 1/-, and in l)uncdin at £6 1/9." Sellers are now asking £6 2/6.

Kaiapoi Woollens. —It is impossible to account for the continued low value of these shares. Prices remain almost stationary while the investment returns £6 13/- per cent. Buyers are offering £5 5/- for the ordinary issue, and sellers quoting £5 5/6 for the preference. Mannings. —Sellers are quoting £1 1/ . Wards. —Buyers are offering £5, but sellers lequire £5 1/6. Sales have been repoxted at £5. Mining. —Waihi —These shares fluctu ated a few shillings during this week. Prices commenced at 44/ , and rose to £47/6. Sales were made yesterday at 43/9. To-day's quotations are 45/3 buyers, 45/6 sellers. Waihi Grand Junction. —The market has been steady and the -variations in prices slight. The first sale reported this week was 25/44, then prires rose to 26/-, but declined to 25/:*.. Quota : tions to-dav are, buyers 25/3, sellers 25/6. Talismans.—Sales were reported at the beginning of the week at .'57/6, but prices hardened to 39/3, but weakened to 38/9. " Tp-day 's prices show buyers 38/-, sellers 38/9. - Ross. —Prices have declined, sales being reported at 3/4 and 3/2.

PROPERTY SALES. There was a large attendance at Craddock" and M'Crostie's rooms,. this morning when a successful property -sale was held, six of the ten lots -offered changing, owners.-- * ~ ' On account of Miss Collins:— Lot I.— i acre sectiony situated Armagh Street West, nearly opposite the residence of the Hon. H. F. Wigram. went to Mr M. Steeds at £B2O. Lot 2—Section at the corner of Worcester Street and Stanmore Road, Linwood, over 1 acre, and having frontages of 3$ chains to Worcester Street by 3 chains to Stanmore Road; together with modern residence of 15 rooms, sold a v £llOO to Mr Weatman. On account estate of the late Henry Blackmore: — Lot 4 —City prqperty. corner of Lichfield and Barbadoes Streets, having frontages thereto of 48ft lOin and 69ft •respectively, .together with tdwellinghouse of six rooms, went to Mr G. Hyde at'£42sr By order first mortgagee: — Lot 6—City property, 173 Lichfield section 1 chain by 24 chains, together with modern two-storey residence, went to Mr Hyde at £365.

On account Mrs Hodgson:— ,Lot 7—-Section situate 68 Hastings Street, Sydenham, -together - with' modern -residence of five rooms, went to, Mr J. Greig'at £iooo. . . -. , ". - In the Supreme Court of New Zealand, charging order:—...' Lot B—Residence, of four rooms with all modern conveniences) situate No. 12 BarrettaStreet,; off - Somerfieid: iStfeet, Spreydon, together; with:; acre land, went to Mr Baker at £400,; < c i' ; :1^; TO-DAY'S POULTRY MARKET. There was an excellent entry in Merrett's Poultry Market to-day. "• Farmers have shown keener interest in poultry by providing better table poultry from heavy breeds. Table chickens primed realised 4/6 to 8/7, lighter specimens 1/6 to 3/6, ducks 5/- to 7/10, hens 2/- to 5/9, pullets 3/6 to 9/-, geese 7/- to 8/-, turkeys 9/- to 27/-, all per pair. THE EGG MARKET. Supplies, are coming in more freely, and prices are easier. Canterbury Egg Circle eggs, first grade, realised to-day 2/- to 2/i, seconds 1/9 to 1/11, farmers' lines 1/9 to 1/11 per dozen. THE EXPORT TRADE. Canterbury supplies of poultry have again proved inadequate, when an order for 2500 birds monthly was offered during the week and had to be declined. The order was from Australia. To accept it would have meant almost a depletion of the market. Farmers should note the - growing, importance of the poultry industry, and seek to produce in larger quantities. CHRISTCHURCH STOCK J EXCHAHGE. SATURDAY,. MAY 30, 1914. TO-DAY'S QUOTATIQNSi^ ■}S , v •

AUCKLAND STOCK EXCHANGE. Press Association. Auckland, May so. Sales: Waihi, -ti/6, 44/S; Talisman, 38/3. WELLINGTON., STOCK EXCHANGE. WELLINGTON, May, 30. - Sales reported: Leylaiid O'Brien £1 3/3, Grand Junction £1 "5/3. PUNEDIN STOCK EXCHANGE. . . DUNEDIN/May 30. : Standard Insurance, 4)5/3'; Junction,; 25/3. UNION STEAM., SHIP CO. :OF N.Z., LTD! ' The'Christchurcti Stock Exchange has received a telegram from the secretary of the Union Steam Ship Company of New Zealand, Ltd.; advising' that the interim .dividend is payable, .tHijj.-day,..namely, 45jd-per-share on the cumulative preference shares. * ■r- WESTPOItT COAL CO., LTD. The Christchurch Stock Exchange has receiled a telegram this'day from the managing, director of-the'Westport Coal Co., Ltd. (Duhedin), advising that an interim dividend of 1/- per share is "payable on Thursday next, 4th prox.

Thi« Lait La** > - week: week. yea*. •-', ; ' ■■»•-..--■ ■ £ I. i. a. £ a. d. B| pc Imperial , Consols74 17i 74 12| 74 T8 0 .4 p.c. N.Z.* . . 100 0 100 0 101 0 0 3i p.c. N.Z.f.'. 91 0 92 0 90 0 0 3" p.c. N.Z,*-. 81 0 82 0 78 0 0 ■■■■'• ■*• pc-nVs.mvv 103 0 103 0 102 0 0 "- 31-p.d. *ES:W. "■ —- '■':.- • ' • 82 0 0 3| p.c. N.S.W. •1930-50: .: 92 0 93 0 —• 3. p.c. N.S.W. 84 0 85 0 82 0 0 4 -p.c. "Victoria 103 0 102 0 101 10 0 . 3j p.c. Victoria 96 0 96 0 95 0 0 »1 pc Victoria ■■■ ' . ■ '1929-49 :».. 90 0 90 b > —— • : 3 • pc Victoria .. ' — '• _ 79 0 ;c si p.c. ■&:a.:-•-.. 93 0 98 0 89 0 0 : ;„-. 3 p.c. S.A. .. . 75 0 75 0 75' 0 0 4p.c. Qnsld. . .' 102 0 102 0 101 0 0 1 '4i P-C- ••Qns'd. 97 0 97 ."fr ,'95---,0 0 3If p.c. jQnsid. 81 0 81 0 78 0 0 t 92 0 92 0 88 0 0 :~ 3 p.c. W.A. .. 86 0 87 0 82 0 0 &h p.c. Taa. ;. 93 0 92 0 90 0 0 8 t>c Tasi .. 82 0 82 ■ 0 83 0 0

Buyers Sellers. BANKS— £ 8. ( i. £ a. d. New Zealand .. 17 4 0 ■ — ■ BREWS'. UIF.S—■ Ward . . .. 5 0 0 — COAT. — Taupiri *. .. 1 I ft •—.

FINANCIAL-- ■' ' - 1 ''•National .". 4 7 8 : — -H 5 INSURANCE— : Farmers' Co-op. Assn. 6 0 . 0 — .-;•_ ,, c . .. „ . * -■■,,'.,■ : •"8 ,■0 0 — :■' ! Standard of N.Z. .. 1 15 o — •;■ meats— - ' - .••.'::.' . 1 vChristehureh Meat Co. 16 15 • 0 SHIPPING— . ; J' ,' . c i .Union -S.S., ex.. Dir. 1 5 0 —- MISCELLANEOUS—' ~i ■■' 5 ■ -Bowrori .Bros." E & T. Co 7 0 " — '~ Canty.. Farmers' Co-op. (Tinmru pref.) 15 0 0 — . Whitcombe & Tombs.. a y 0 6 2 6