COMMERCIAL ITEMS.

Dominion, Volume 2, Issue 611, 14 September 1909, Page 8

COMMERCIAL ITEMS.

INVESTMENT. SHAKES. . ■".--' There' were 110 transactions in investment shares yesterday, and very few quotations, x 110 market is decidedly quiet, although, values snow no appreciable change. Bank of Iscw buyers £9 4a., sellers £9 65.; National Bank, buyers-£5 12s. 6d., . sellers £5 178. 6d.; ton Investment, buyers lis., sellers lis. . Wellington Trust': and Loan, • buyers £6 ~193., 'sellers £7 2?. 6d.; Fcildins Gas. buyers 21b.; Palmerston. North Gas, sellers £7- 155.; Ohnstchurch Meat;' buyers £10 .109.; New Zealand Shipping, buyers £7; Taupiri Oonl, buyers 19s. 9d.; Westport-Stockton Coal,- sellers 75.: Wellingtou Woollen, buyers £2 17s? 6d.; Donaghy Rope and Twine, • buyers 20s. fid.; t Sharland s ordinary, sellers 20s. 9d.; Taranaki Petroleum, ■■buyers \ 83..' 6d., sellers - 10s.; ■ Miraraar, Lta., sollcra 4s; 6d. , ; GILT-EDGED . SECURITIES. . -The''Bank of England discount rate at 2i por cent, over Ave months. and capital for'investment has been and is .in abundant supply,.'still the gilt-edged securities are apathetic. It must be remembered that .nnen tne bank rate is as low as it is now the depositor gets from 1 t0,15 per cent.'on his deposits, and it. is. (Uprising .therefore that he has .BoMwea attracted to the. gilt-edged securities, when 3 por cent, can bo obtained on investments with the minimum of risk and tho added attraction of possible appreciation fompanns the /quotations in our weekly list of Go\crnment.' securities and taking March 31, t just prior to the reduction of the bank rate, with the latest quotations we obtain the following:

•March 31. Sept. 8. £s. d. £8. d. . 2i-per cent.' Consols 6 4 per cent. New South Wales 108 0 0 108 0 0 3J por cent. New Bouth Wales 98 . 0 0 99 0 0 3-per'cent. Now. South "Wales 87 0 0 , 86 10 0 4 per cent."Victorian,.,.. .1 . J • M per -cent, Victorian 98 00 .. 98 0 3 per cent. Victorian ....... --'S'J S il S S 3i per cent. South AustraHan 99 0 0-. 99 0 0 3 per-cent. South Australian 84 .0.0- 84 10 0 ,4 per cent. Queensland ......... 104 5,0 104 0 0 '3J• per; cent. Queensland 97 0 0. 97.10,0 3 per cent. Queensland 0 0 B6 10 o . 4 per cent. ;New Zealand ...... 107• 5 0 • 107- 0 -0 3i per -cent. New Zealand 99 5 0 98 10 0 3 per cent. New Zealand ....... 87 0 0, .'J® .10.0 3i-per.-cent. West . Australian - 98 12 6 . 99 0 0 3 per cent..-West• Australian 87 10 0 . 89, 0 0, 3J>por-cent. Tasmanmn MlO 0 100 0 0 3 per .cent.. TMmaman ......... ■87 0 0 •«. u v. u Consols, it :Will be' noted, ' are' 20s. lower, and only a few of the colonial denominations show advances,- Tasmanian. .3J per cents, exhibiting tho greatest appreciation. All New Zealand stocks are lower than they were sir montiis ago.' : Thc comparative apathy of the gilt-edged •market may be due to transitory influence of quito an exceptional character. .The.enormous rushsof. new issues which have .appealed to tho investor ever since tho advent of. cheap ,money i must necessarily .have' compoted most .effectually I with those' stocks which happen Ho' afford tho lowest/rates of yield.' Further,', it secma tnat the - tasto of-* tho British'investors . runs in the direction of,'high .rates of. return and -increased risk;'as against lower rates of return and next to no risl:.. Nearly all the colonial Government stocks yield -3J per; over, but this apparently is., not. sufficiently, attractive.; v :' ; : . AVIATION: AND ; INSUBANOE; . •••' If'"there ,is :a ' risk, ■ then - tho underwriters, at Lloyd's aro apparently, efjual to. tho- occar.iori.' Just before 1L Bleriot" accomplished; his Chan-' nel- flight. ;on:'his.;monoplane;-'insurances were placcd at- 30 to 35 v, guineais per. cent, to • pay. a. total'loss if Mr. Latham, or any other, aviator, succeeded in flying . the - • Ohannel. within" .two. mouths, and tbreo day's-bbfoi'o SI. Bleriot's fly ; a .line woo: placed at .40:'guinoas per cent, for a 'similar . insurance/, to Septembor 30.Each' of' (hcvJ policies provided that ' a ( ' : heavier*thaD»air. "ship''-: must 'he-used;' for; the -purpose, allowed.that the-trip could bo made .from either the ; French or; English coasts.' This the .ilrst time-'in'surances. have l^een. offectod in London, in/connection with airships. . On aeroplanes arid | monoplanes offers havo been made ,to cover insurance against the risk' of loss or damaßO i .to the -struoturea' themsolyes, • but. the • business has hitherto been declined'as too risky. . It; is • thought that aviation .risks will in- tho. near :fntdre have to be: regarded l . Rcriously. .by all such'insurers' ; as keep pace; with, the times.;' . ' Oustoms revenue collected at; Wellingto- yp's-' terday'.'.amounted ; to ,£1894,185. 7d. •" • •:; 1 • V.; WELLINGTON • MARKETER ;•• V -. Laory-'and-Company, Ltd;,•-'Wellington, rep'ortf wholesale prices r,ullng on the . Wheat,';fowl 4s. 8d. l to : 4s. 10d„ •shriyelled. wheat '4s.;vfeed oats, 2s. to'2s.'.'sd,; ~'Dun-oats, 2s. 3d tO '25.-.4 di; "cod oata; 2f. ,4d. t<».'2s. Bd.; AlpeTlan. :oat^ # '58.::2 d.'-to 2s.' '6d.'j • maize,. ' Id.- to, 4s.v3d;V crushed malt; 75.; : fowl 'barley,' 25.: 6d. toT2s.t9d.; Oapc,'barley seed;■3s. / j horse beans,. at .per; bushel)}-.rlecmeal,' £4,53.10.; £s;'- flour, Ndw. Zealand. £11 10s. to'-£l2: bran. £4 6s.'to £4105.; pearl .barley, £15;: peas, ;partridgo--4s;;sd.,-'prolan blue 5s 3d to ss. fid.;'fowl peas . 4sVn*t>Ht £17 108.-};:bonedust,-'£s' 15si;'.8Upert»hb8V !ph'ntes # ' £5 to £5.55., pollard,'£s-ss. to £5-10s.; Vbasic '• slag,-, '• £4 : ? 10a.; * chaff,.- oatonsheaf, £3u f ss. vto - - ! i£3 - 155.: "> oatmeal, •; £10 :-15s.', ito £11;'. potatoes, table, £4 10s. to. £s;' fieed potatops. £5 to £6'105.: onions." £7 to £8 perton; Japaneao onidus, .£lO 10s. to'Jßllj molasses fodder, £5; bacon (factory),, sides 73dJ.' hams Bd., rolls Bid.; -bnttcr,. bulk,<-7d. to B|d., -Poultryj Hens, 4s. to 4Si-6d.; ducks 'ss. to 65.: turkeys.-gobblers..lss';;to 18s.\henq9s.to. • flOs.: fre-di .eegs," Is. to' Is. ld. ! doz.j. checßo, 6d; ;to 6Jd.,per lb.;. loaf, 7d. to 7fd. per-lb.; Alia* roa machine-dressed cocksfoot, 73d to 8d.;; farm-ers'^-dressed' sd. to 6d. per .lb.;. ryegrass,3s,3d. ' to '45.: 6d. per - bushel;, Italian . ryegrass;/ 3s. .-fid;: ; to v '4s. 6d.-per bushel; white clover, 70s. to 755. > c10v0r,. 1 655. cwt.; cow grass, 65s cwt.;. ' alsike, 82s 6d; cwt.; mustard, 40s.- cwt.j trefoil, 375. 6d.-cwt.; rape-seed, 26a. cwt.;' Timothy, 325. • fid. cwt.j .Swede.and turnip :seed, 60s. cwt..

. FRUIT AND PRODUCE EEPORT.f:: -:-,'v: The New' Zealand Fniit and Produce C 0.,. Ltd... Allen Street , report prices for • tho' weoktempif; September 13. as followPotatos, 4s.' 3d.) to. ss;. 3d. cwt.; seed dates, 6s. to, 55.. 9d. cwt;; onions; "(10ca1)..55."t0 7b. cwt.; onions'(Amcricah);':up:.to. lis. cwt.;', lettuce, , 35., to 4s. .9d/ case), spinach,• :2s. :9d. to 4s. caso;'swedes, is./to ls/''6d, Jcwt.;' asparagus. Is. per bunch'; carrots, ss..'to':7s'.,.6ack; parsnips, 2s. to 3b. Back; pumpkin, ss. to-68..sack; .cauliflower,. 7s. -to ; 12s, 10d. sack; turnips, .ls.vSd. to 25.:6 d. sack; beetroot, 2b. Bd.'to 4s.'-3d. sack;: marrow,'ls. to 2s. Back; cabbage,- 6s. 1 to 9s. sack;, rhubarb,'6s: to 7s. 6d; dozen; mandarins;. •6s;: 6d.- to 7a.: lemons, ,7s: 6d. to 95.. 6d.;-Island' orange's - (arrived, in. bad .order),. 45., to, 85.::6 d.; papsion fruit. 6s/. to 7s. 6d.; pines, :Bs. to-95.,6d, apples (extra -.choice), -. Jonathan or Dougherty, to ■ lis; i id.; • apples • (medium),' Jonathan'' or: Dougherty, 75., 9d..t0 95.; apples (cooking), Wqls-'. ■leys or Washington, Bs. to JlOs.; ./apples, Ta.s-. mttnian'Scarlet Permain.lss.'6d.','.-Stunners ,Bs.'to. I 95./:6d;v-,apples, French crabs, lOa.v to ,11s; ,9d.; [ stone pippin, -9s.;'rnssets. Ss.ifeKes, Is.;, Id,/ per do'iieri (fresh); hens, ss. to 4s. pair; bran, 9s. per sauk;. chaif, : £3 to £3 10s. turkeys, 9s: • to, Ids.", per/palr; ; ducks,.6s. to, 6s.. per. pair;' oats,- 23,. -2d.'to: 2s. 3d.-.,per bushel; - peanuts,. 20s. : ; t0..225.;' Back; preserved ginger,.6}d. per,:lb.;;. ':" ; THE FIiOZEN MEAT. MARKET. > (By Telegraph.—Proas. Association.—CopyrlcbU. .'/;-:' • London, September .11. Tho 1 Frozen ' Trado Association's .■Smithfield market quotations for tho undermentioned classes of frozen meat are * based: on. actual sales of not less, than'ono hundred carcasses of mutton or lamb, or twenty-livo quarters of beef of fair average quality. : Tho quotations arc not for 1 selected lines, but for parcels- fairly representativo:of the bulk'of. the shipments, now I on: the market./The'prices which follow aro on an average'a farthing .per. lb. more than the value. ex ship, this difference representing, an averago'cost in '. expenses; handling,; conveyance,. and'selling the meat:— ' . . , Sept.4. Sept. 11. Mutton— , . ■ d. d.. . ; Canterbury, light 21.'.; ■:. 3i. ••Canterbury, mediuiri 2j 31 Canterbury, heavy 28 -;, 3 < ; Southland . 23 , 3} North'lsland; best ....... 23 ' ,3J .... North Island,: ordinary. 23 ,;.3 :' : Australian, light ; 21, .-. ZJ /Australian, heavy ...:...._.u_.:.... 2a, *'...• || '. . Eiver Plate, light 2J 3 / Eiver• Plate,« heavy ,21 : Lamb— r.- ' ' Canterbuyy,. light .31 38 . y 'Oanterbhry, medium ,—2J . ... 3% / • Canterbury, . heavy '2| . i; 3J ■ i .'■ Southland .3 1-16 ,31 "North Island, selected: >3 1-16 - 31 ",-•. North. Island; ordinary 25 .3 1-16 Australian, 1 ' best — '21 — : / Australian, fair 2j ' — ' : / Australian, . inferior 2} . —-. . Itiver Plate 21 2J Beef- ' ; .V V. - : New Zealand, ox fores 213-16 723 ' New Zealand, ox hinds .31 . 3jj-.. '/■■ Australian, ox fores :■ 2J 28 ■ , Australian,, ox-- hinds '..... 3 7-16• 3J / /" Elver Plate,' or fores 213-16; . 23 . '. .Itiver Plate,: ox hinds 3J. 3 S-16 the'hetai. MARKETS.' lily Teleerftph.—Press, Asnoclatlon.—Oooyrlcht.l London, September 12. Lead.—lmports, 16.533 tons, '. Australian. • 2460; ' exports,'4oß2 ■"''' r ■' ■ Oopper.-On tho Bpot, £58:153. per. ton;, three months, £59 2s. ■ 6d.: olectrolytic, £60. :Tin.—Spot,,£l36 17s; Od; por ton;,three months, ' £133 25." 6d. :" ' ' "■ ■■■■■" "Silver, 23Jd. per ounco Btandard.; . ; .

; .' HIGH; COiIMISSIONER'B GABLE. : * ' Tho Department' of: Industries and Cdmmerco l has received tho followine. cable 1 from .the High , Commissioner, dated London,. September 11:— The mutton market is firmer, and has , been . greatly affected by reports of small shipments. 1 is a'good demand for all qualities, and holders aro not anxious to sell. Canterbury • mutton is quoted at 3}d. per lb;, and North ~ Island at 3d. , , .. > The lamb market has ndvanced, and a.further advance is probable on account of the. advanco in mutton, although stock is lioavy for Into in tho'season. Canterbury brands are quoted at 3Jd. per . lb.; and North Island at 31d. l'he beef market is' quiet, with a tendency sn favour of buyors. Supplies of River; Plate beef aro heavy. New Zealand hinds aro quoted.at 3Jd. per.lb., and fores at 2nd. per lb. _ j The buttor market ia flrni, and demand 13 chiefly for . best-quality.; Australian butter has arrived and is selling 'at 112s. • per cwt, for I salted, and 114s. per civfc. for unsalted. Danish ■ I is ;auotcd at, 120s. per. cwt., and Siberian at ] ' 104 a. ier cvrt. ; /

The cheese market is quiet, and small business doing. There is a slight fall in: prices all round. Now Zealand is quoted at- 585.,: and Canadian at 578. • . ' , m The hemp market} is quiet, but steady. Trans* actions arc light, ftcw Zealand good fair grado on spot per ton is quoted at £25 15b.; New Zealand fair grade on spot, per ton, £24' 165.; fair current Manila; on spot, per ton, £24 10s. The October-December shipments New Zealand good fair grade, per ton, £25 10s.; New Zealand fair grade, per ton, £24 10s.; fair current Manila, 'per ton, £23 10s.; Manila, output, 24,000 bales. The wool market is firm, and a good demand is expected for ,coarse crossbreds, all grades; 36's low crossbreds, ls«; 40's low cTossbreds, Is. Oiid.; 44'b medium crossbreds,.ls. 2d.; 50s; breds, Is. 7d.; 56's quartcrbrcds, Is, 101d.;,6Qs meriuos, 25..3|d, '. , i Tho wheat .market has dcchncd further on account of English offerings, v New Zealand i long-berried wheat, on spot, ex . granary,, jior quartor of 4961b., is quoted at" 395. 6d.; | Zealand Bhort-borried wheat, on'spot, ex granI ary, per quarter, 4961b., 395. . ' • There is a'large supply of oats, and tho.mar-., ket is weak and inactive. Now Zealand oats | short sparrowbills, ex granary, on spot,' per quarter of 3841b., 255. 6d. New Zealand-oats,' Danish, ex granary, on spot, per quarter" of 3201b., 20s. J ■ '/ ,•• Beans.—There is a fair demand for better grades; but the supplies arc/ increasing - and prices are declining. New Zealand oeans, f.a.q.," per 5041b., 335. fid. ' ■ ' ' . Peas.—The market is quiet but steady, but is affected by expectation of hoavy arrivals and English new crop. New Zealand peas—Partridge, per 5041b., 425. 6d. t . • River Plate shipments received during AugU3t:— _ Mutton. Lamb. < London 154,140 21,453 Liverpool 141,846 16,1CS . Hull ........... 8,000: 1,670 '•Cardiff'- ..... 8,745 .. 404 Southampton 12,897 612 « Plymouth _ 1,585, ,157 "WORBT TEAR ON' REOOED.", -. ' THE WANGANTJI FREEZING CO. . , (Uy Telegraph.—Press Ataoclatloo.l Wanganul, : September 13. 5 The Wanganui Freezing Company's balancesheet for the past year has just, been lsroed. The directors state that the paet season had been the worst since'ithe commencement of the frozen meat trade some 30 years ago". This has been , brought about by the persistent fall in prices followed by tho .utter: collapse, of the English meat market.- The balance-sheet 'shows that, after paying the. authorised dividend (£2762 15s. 7d.), the company commenced the year with a crcdit balance to profit and loss account •of £2650.55. 2d. During, the year the whole of-tho reservo fund (£6000) was transferred,;, but,-, notv withstanding this, there was a. deficit of. £6824 15s. 7d., making a total/ loss for the . year-o/ £15,476 10s., 9d..