COMMERCE.

Taranaki Herald, Volume LIII, Issue 12867, 27 May 1905, Page 2

COMMERCE.

J3IUTJSH GOVERNMENT ENQUIRIES, United Press Association. — By Electric Telegraph j — Copyright . Losi'don, >Miay 26. •Mr It. J. JoH'ray, recently aJipfpointad by the Board of Trade to conduct a eomnioreial mission to Australia ami New Zealand, sailed by the steamer China. He explained to a meeting" of the Manchester Chamber of Commerce tlmt the Board of Trade atatJtooriseid liim to report on the extent "business is diverted from the colonies to foreign countries instead of the OVfotherlan'd, and the caaisc of ih&t Aversion, au)d the means of stopping it. iMr Barclay, ex-Presidcot of the Chamber, stated that the Institution believed the Government was proceeding- on the right lines by senldrng- a competent man to inquire. TRADE AND FINANCE. Received May 26, 10.51 p.m. Itondon, May 20. Bank of England returns : — Gold ooin £35,542,000, reserve £27,138,000, percentage of reserve to liabilities 52.15, notes in circulation £28,852,/000, public deposits £11,682,000, other deposits £40,252,000, Government securities £15,650,000, other securities £26,893,000. Three months bills are discounted at 2*. Consols, 90 3-16. Tasmanian threes 90A. Other stocks unchanged. ' The wheat markets are quiet, but steady. Continental is slightly lower. Cargoes are firm, 32s 3d being asked for Victorian loading. Thirteen thousand quarters of South Australia March shipment sold at 32s 3d. Flour is steady, and there is stronger American advices. ■ < - Butler is slightly firmer, owin-r to ihe cold, dry weather checking European production. Danish unchanged. New Zealand 94s to 965, Australian 90s to 925, and occasional lots 935. Cheese. — New Zealand dull at 50s to 51 », owing to the arrival of new J Canadian. j Copper.— Three months £64 11s 9dj to £64 16s 6d. Tin.— Spot £137 5s to £137 15s, three months £136 5s to £136 15s. Iron, 45s lid. . Lead, £12 15s to £12 16s 3d. Silver, 2s 2 15-16 d. Spelter, £23 12s 6d to £23 15s. Sugar.— First marks 14s 3d, German 12s 3d. Bradford wool firm. Forties 15-Jd, forty-sixes 17 j 2d, common sixties 24£ d, super 25d.

Bank of New Zealand shares rose to £5 19s, closing/ with :' sellers at '£6,

buyers £0 ISs. National Banks arc wanted at £5 1 3s, with sellers at £5 15s.

Buyers for Now, Zealand Insurance are offering £4 17s 6d. Sellers scarce.

There is still an xwisiatisfieid demand For New Plymouth Gas at £7 ss, fiio sellers cjaioting below £8.

The Auckland Gas Company are providing increased capital by the issue of debentures, new works and new mains being required in order to cope wilhu.tho greater consumption of gas.

Mining- 'business is brisk in lA.-uclc-la'ivd. Waiotahis have advanced to 27s 6d in conse;quence of picked stone from the mine. The great Waiihi has declared another dividends, (the 49th) of 2s 6d, with a bonus of 2s per stare. New Plymouth, May 27th, 1905*

STOCK AN HA ,B MARKET, Hb. J. C. DAVIS! i f 8 ;oct md Share repo X«""~ i i Company. i -«3 I O <o 111 Price. I1I 1 gs i Banks — New Zealand ... National $• J *>. £. £ s. i. 65 74. 3i 2* 5 12 6 0 5 15 0 0 23 5. iNSURiNOEHSew Zealand ... South B'itiah... National Standard Occident ...; 10 19 10 10 1 1 2 1 I i i I 15 25 15 10 10 4 17 4 13 1 2 0 17 2 6 2 4 I' 0 0 0 0 6* 6-2 8.1 ■32 MIBCELLA- I <t,Z. h. & Mercantile ... ?Jortgage &j Aarency, <5c.,.. N.Z"B Plate & | L. M'rtgage "J N.&. Shipping.. . Union St'ra Siiip STorthern Stoaml KaiapoiWooll'n S.Z. Drug ... ( j 9 1 i 4 10 2 S : i 2 12 6 6| 8 10 14/5 5 2 , 1 8 10 ?/- 5 2 7 5 8 7 7 7 1 3 5 17 14 7 0 8 5 0 2 7 0 6 6 6 0 6 5 6 64 64 Sbarland&Co... 1 1 7 1 2 0 62 Local— N.P. Gas ... ( £T.P. Sash &( Door Factory j Stratford Bacon Curing Co. ... Stratford Electric Supply 00. 5 5 i 5 5 6 3 5 2$ 10 10 5 5 7 5 4 15 5 0 2 10 0 0 0 0 7.i 5 5 100 100 1 I 1 8