COMMERCIAL ITEMS.

Dominion, Volume 2, Issue 614, 17 September 1909, Page 8

COMMERCIAL ITEMS.

. , . ; KVESTMESTSHAP.ES. There •- wero <no transactions., recorded yesterday. The - feature of the market .is. the.6trong : aayance tliat ha? taken place in ..National-Bank • Oil .Monday' buyers: were offering - 45- ; lEs.7 6d.,' ,while '.yesterday bids of, ;£5 19s. failed to roTOli .in business. : Sellers are. asking. £6 3s. Wellington Investment, sellers lis. 9(1.; Wcllintr-. , ton Trust and Loan; buyers ,£6.195 i, -; sellers. £7.25. • 6d.; .Wellington .Deposit, sellers, Bs.' 6d. ; New Zot> ' land and'Kivor,Plate, buyers. Jsl 14b. 9d.; ; Feildr : "Inß i'iasi. buyers 21s.; I Hapten Qas, ■ £5, .-■ paid, buyers : Jsll 155'.,- ; Boilers £12 10s,:, Palmerston ■North 6hs,pollers £7 15s.;.Wellmston:Gas,£610s: paid; sellofs-£14;,-National-Insurance, buyers .£1 . Bs.'6d.; Soutli British; buyers-£2 1 125.. 6d;; Standard, buyers'23s. 3d.;' Meat.Export,;third, issue, - sellers £3,17 a.' 6d.;:New Zealand Shipping,buyers 1 "£7; ; Union. Steam, sellers--£1 -143.; Wellington Woollen, -buyers £2 18s.;; Taiipiri ..Coal, buyers -195." ,9di; . Y/cstpbrt-Stockton,-' sellers ■ 6s. 9d.; : : Hikurnngi\Cbal, buyers 185..6 d.; Leyland-O'Brien Timber, sellers. 225.;. Sharland's,'. ordinary, set-lors-:205.9d. (- preference* sellers. 215.;. Taranaki Petroleum, sellers . - ' . ' 1 _ THE WOOL MAKKIvT. ' ' ; '-' An - advance in' l values . is looked . for... at .the ;i ;liondon salo'3 - on, Tuesday. rieit. It 'may ' not affect ■""all-classes,-.of 'wool,': but; the more fact' '}■ for an .improvement in .price's will-bo .cheering. '' to growers,'.and. should act. as-a ; stimulant to 1 'A.fina wool.market will be needed this ■' -yoar by Australasia, becauso;.of,the prospcct of . , an increased output. . The. statistics for .July. and, August,:tho first two .months of tlio .wool ' year, disclose a shrinkage as compared with the ; corresponding period of last year, , but no. sign i- '' ficanco can. no-attached " to. this, as it .is, very 1 likely, that stocks have been moro thoroughly 1' 'cleared "this year than • last. . Tho Australasian i l Avboreiports from: July .1 .to' August 31, as'com- , 'piled by,,Dalgoty and Oo.y,'Ltd., ..and compared .with the figures for the corresponding period .of the';two previous .years, sliow as .'under:— '- ' . ' 1557. , 15:3. 19G9. - .. Bales.; .Bales. Bales., •.' Victoria ■ 4,457 - 8413 U.S. Wales 33,643 •...'55,814 13,557 'Queensland:..... '12,950 . -15,508 22,356 ' S:' Australia - . 285., 1,202 . -1,324 ' W/. Australia.'2,42s 2,508 : .2,450r -' 53.660 : 84,087 77,805 , '■' Now Zealand 19,862 27,637 -. 20,999 " : :'- ' 73,522 - 111,724 98,804 ;< • There "is a net decrease of; 12,920 bales, towards- " which New-Zealand contributes 6638 bales.' ! . argentine, wool oltp. S ' -Some" interesting particulars the Argentine clip " are ' available ■. through- Messrs. - Leon Dedyn :and . Oo„ of Vervier and Buenos 3 Ayrcs -.Under date of July.l they give the: fol- ' lowing table, showing tho comparative supplies j on the Buenos, Ayrcs market up to July 1:— • - Season. . , . , ■ - 1 Kilos. ■ f : -190M934 . 97,816,679 ' 19M-WC6 ; '■.■■■■■ 91,733,361. - 1MH907, , 87.259.g7'. , 1907-1908 . ....'....p...,........ ( 90.81,.M5 . 3 \ 1908-1909 113,714,0-4 ~ It appears from theso figures that tho-past l 'season shows an increase of 22,896,489 kilos,; th.i,t J is, about 50,000 bales, compared: with the prcccd-, irnr season, but it must bo remembered that in. this total' are included about - 0,000,000 'kilos, (about • 14,000 bales) brought forward from tho , old clip. ' . . . " Owing to tho disastrous drought: and frost, whioh these past months have witnocscd, which, have caused a rather high dcath-rato . among, .1 the sheep, and which cannot bo said to bo yet at-an end, as-winter is not. over, wp presume " tho neit : season would have to suffor a serious il shortage.: The total supplies will hardly amount s to 87,000,000 ldlos., according. to , careful estl- :: mates made in the .various districts. Although the drought-has been: spread over '• all the republic, its intensity has been special!" d felt-in'the provinco.of Buonos Ayrcs.' bhould y not a- prompt improvement. take place, the; coining clip is expected to producs a shorter stapled wool, earthy, and of lower yield. Lambn jng will bo principally aflcoted,. and in lambs' n wool shrinkage will bo most,perceptible, 1 - Good rains have since fallen, but, despite this

fact, the clip is expected, to bo a short one, ( not only ao to volume, but also length, and the Ie growth generally cannot fail to have been ad-, be versely affected. t 1 " • • . > in . ENGLISH' WOOIi' CLIP. in The season for tho English domestic clip practically. closed at tlio end of July. T|ie past two< J months witnessed the 6ale by public auction ot a larger'quantity of tho home-grown fleeces than ever before,' and. it is thought that tnc »« time is rapidly approaching. when practically tho whole of the clip of tho United Kingdom JJ will bo sold by public auction, aB is .done with t» tho colonial clips. The old custom, of the buyer going into one locality and paying-exactly the n same price for all clips of the Bamo description hi is now out of date. Referring to the matter,, tl the "Yorkshire Observer" remarks - that tne C( move of New Zealand crossbreds is always of bi importance to English Bhcepfarmers, becanso tl tho coarse qualities from the Dominion compete 01 keenly with the home-grown wools. .These did ei not sell in London as well as seems to have been C ) cxpectcd, and tho fact that the coarsest dcßcrip- ti tions fractionally declined did not help the sale q of the English wool. The fact is that the Homo p trade had practically to lift all tho crossbreds, * p with the exception of a few lots -suitable to p America, and thcso.'were ,of Bmall importance f ( to •; the English sheepfarmers, as the wools America took v/ero mostly fifties to fifty-sixes .. quality—a lino of produco which has no aimi- / larity in English, except in Down wools. HoweVer,' taking the, series as a whole, competition ' was good, although some slight declines took , place. There is less in tho/hands of " growers than for some considerable time past. q . • • ■ - a • PHOSPEUOUS SOUTH ATJSTEALIA. • , tl The prosperous condition of Soilth Australia | ( is reflooted in its Savings Bank return for the r past tinanciai year. Deposits in that institution on June 30 amounted to £3,585,582, an increase of £381,317 for the twelve months, and repayments , wove £3,238,276, an increase of £355,999. lho sum at the credit of depositors having accounts bearing interest on the same date wasi £6,328,871, I or? more than on' June 30, 1908; while t I the average/amount at the-credit of each de- p I positor at £40'ls. lOd. showed an expansion.for d ! the year of £1 Is.. sd. per deposit. The .total f I number of accounts on June_ 30 was '182,875, ot p I which 157,854 carried interest. Out of the latter I number IC4.76l'accounts wcte for amounts not i; exceeding £20- each. The, proportion of deposi- e tors to tno population of the Btato is 44 m every 8 100 persons. Interest at tho rato_ of 31 per cent, t on the accounts open'on Juno 30 last required ft £175,410, and £2634 was paid a3 interest to de- I po3itore, who closed their accounts during tho a term. New, mortgago loans, for' £461,240 were 1 negotiated during tho year by the bank, and c £304,750 was received as repayments, or as in- r Btalments of loans, tho total amount outstand- j ing on 2557 mortgages on June 30, 1909, being i £1,629,851;' an increase of £153,687 for tho year, c Thb bank has "£3,993,356 invested in Government. > securities, State Bank, and Corporation bonds. 6r £387,313 in excess of the sum' so' invested ( twelve months previously. The gross pront f earned by the institution,' as tho reßult of the t year's business, was £221,797. - After meeting in- t terest deposits, adding £24,221 to reserve, and j defraying expenses of management, etc., a sum t of. £5751 remained; to be carried forward. Tho r average rate of expenses-to'total'funds was 6s. 5 ,3 .l*3d; par ;£looi .. • i ; THE' METAIj ItAEKETS. : ! (By Telegraph.—Press'. Association.—Oopyrleht.l £ London, September 15. £ . Copper,"on the spot, £58,63. 3d. per ton; three ] months, £59' 3s. 9d. • ' S • * 1 '> Tin.—Spot, £136 per; ton; threo. months, £137 j 2&. >6d.\ . < ./Lead, £12 13s, 9d. per ton. , { Silver, 23 13-lfid. per ounco standard. , • ( ■': TALLOW. AUCTIONS. " i. . J (By Tolffcrapli.—Press Association.—Copyr/ffht.) i • '■' . ' London, September 15. , ■:* At the tallow sales 1561 casks, were offered and 972«801d. Prices ruled from par to 3d. per owt. j decline. j ; V ' -• ] AUSTRALIAN rHODUOE MAEKETS. - j (By Telegraph.—Prc«y» AB9oclatlon.--;OoDyr|chtJ c ; 1 ' (Rec. September 16/ 11.25 p.m.) J :• < Syanoy t September 16. • > Wheat, .4s. 10d. Flour, £11. ;.Oats, Alegrian . 1 feeding, Is. lid. Barley, Cape, 3s. Maize, 35.-.90. ] Bran and. Pollard, £4 15s. .' Potatoes, . £11. j Onions, Yictorian, .£5 to £6; Japanese; £9 103. 1 Butter,, especially.favoured,,ll23.;, ; .CheeM,.fiu.. Bacon,' Bd. •' \ : i'*v->' ' r l -'-''... '',-' '■ I • , Melbourne,-September d 6.• •i'Wheat, ,4s.' 6d;* 'Flour, £10 < Is 6d.; prime tAlgerian, Is.. lOd^.v-Biirlcy,. good. English malting,. 3s. 9cL; Cape feeding,, 25.. 3d. ; •Maize, 3s:' 6d. Bran, 101 d. .- '£4 10s.. to £5., , Onions, £6 1 !• AdolaldCffs/Ptembef: 16."~Y. : - Wheat, 4s. • Cd. Flour, £10. - Jjl'dQ ' .lard, md..-/, 1 , ■ v : ;V --'.-ac. and d v co.'' 1 > - (By Tclecraph.—Preos Aoacic| fttiori r | Vl I'H: I ; '• '■ '/- ; . Naplei", ' O.C. -and D/Company, Lonq6tiC%awofe. •; <"Wo havevto' report - a further «-i :• Kilue's iof r mutton,- but . there . •tlie' prices- of .lamb, which • .game a 9. for mutton/. To-day r .'iTuttori-Oanterbury, 3id.; ami North Island, 3d. ' Lamb-Firftt^Uishty secona,' 3id., ,Beef-Hinds. 3Jd.;. . Customs revenue collected at yesterday. amounted'to£l2B4.lßs..