COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 624, 29 September 1909, Page 10

COMMERCIAL ITEMS.

; ■ '. • INVESTMENT SHARES;.-* : •. / ■ A. sale of Taupiri Ccial'at 19s. Sd. was'.th'i only: transaction ..recorded' yestorday.i -National- Bank, buyers £5- 195., - .fellers £6-15.;,/New. Zealand and River Plate, buyers £1' 14s.'-9d.i .Wellington Idvestment, • buyers lis., sellers 11b. 6d.; Welling ton. Trust .and .Loan, buyers £6 193., sellers £1 25.; Feilding/Gas,, buyers J3l Palmcrston North Gas, : scllors '.»Mss.s*Katl<maß Insurance,' buyers : .- £l 83.;-: : Ncw < Zealand'm, Insurance! £J ■ 178.; Standard . 'Insurance, v buyer's £1' 35.;, New. Zealand' Shipping, buyers £7; Kaiapoi woollen, preference, sellers. £5; Wellington 6d.; 9df; iLoyland-O Bnen Timber, buyers £1 Is. 9d.; Taranaki Petroleum, sellers 9s. •• '.TRADE EECOVEEY.". / : , ■ 'The Times" financial and - commercial supplement, of.-August 20 is-intensely interesting, as showing ,the tendency ot all markets to improvo. Wools and woollens-displayed, a ich'cerful tone.' the London robort. was that theifo was a rrood .general inquiifijfor. Australian and South African wools,-anff the bought-in: lots; at the July sales .wero practically all-clcarcd. Continental and llomo consumers and> American buyers in fines ar •™ ere -'- eß « erl y'- up suitable' ' reported a slight, movement in . low c rossUi'ed.:wo*ols. .'.'Consumers have been comto •' comeintO' : 'the • market. - f and'-'with" tho increase.;,of / transactions. Quotations'--iit -■ forties tops nave been advanced." . ■ The' Dewsbury ' report, reads;-"The : week has been, marked by'the receipt by a .local firm of one or the. Jargcst:, orders given sinco the Kussoa ffir sa 'J' is an order, for.ii million and A. half yards of cloth, .-chieOy; khaki, for Turkey, tad abhndant employment will bo provided I for somp time to come.. Apart from 'this, trado ■ prospects in. other rcspeots are more, satisfactory. 'Prom "the cloth,-blanket* rug, yarn,' and v practically every other;.trade.point of view'thfi Prospect for the winter vis .; muoh brighter. •• From Huddersfield, Leeds, and Leicester tho reports were of the same .cheerful character. The .report, frdra .Letcoeter':- states v aro i u- fc J e S c • I s - ioW y,' Prospect that' machinIL l i fully ongaged up to the. end of tho ■yoar.. A strong; demand-is experienced for high qunlity yarns, *and tho hjgli prices demanded do not affect tho 1 inflow of--new .'contracts" -i an Jute textiles • were also- ' active. Barnsley reported a steady . business' with a .brisker state of affairs repardinß tho home marfke.s, which ;werc-.placing fair orders/for all H s ,°j mediujn class goods.; Belfast 'reported a S en J a^. d »"}be Dundee; report wtfs'to'the • ciiect that the linenctrade was-steady,i;.with a good domand for tho better class fabrics for oxport, and. yarne were, advancing. AtvDumfer-line-a more/hopeful,.tone. prevailed, and tlio ® wero^ '.said>t°'be r^^encbiiragini?. ' ■ V •J? fi P. ec t';tO i ';.metalj ..minerals,'- and allied imi. j? e hematite iron %-domand had not/shown any! marked increase in volume. ' . •Tfo. Birmingham • report reads :-"Thcre is a hnnl er • ? in ". P ll . s ;weelc,-,'dae -to the receipt of Cncouragmg - tThere'ture no* stocks in consumers j hands, and any movoment in de. mand will be sDeedily felt at the factories.'' m^i S l o ir repo , rt^'~:'' ln tho iro « trade the dewi r -9 u^4-. 19 - Hoino and- abroad, * cs ' , w "^ m .Past'week .have-had' an *?ii e * irqn llos teen: influenced « x !f nt ' b f'^ e ' strength offthe-.warrant market, r and makers '.prices cases. are !» ey - • ago." f M ? repotted ;r7 ,The ; o'utlook is moro ! cheer-'" ful m steel-circles, arid-the hopes of a revival aro once more very/strong. .The growing activity on . i Ean ? : jfi resulting iii a greater noS st fcl, aad Sheffield, steel is, largely at -industry. : -- ThoreJ Is" a better sale i?,L te m W'/ '°, r . 'ndustrial purposes, and con-, sumers ■ aro- enterinß i into -contracts : lor'their' re-' (1^ ela S t ? "> "I" end of the year." ■ " ■ ■ wolyei'hampton 'report . was:—"An im-iß:reported'-in/Hhe iron trade. Bn»lneM,ap.»>eani_-,to 'boA moro,,settled, - and; there f! fldence. - Inquiries are Quicker, • past S °^ek e "° aa been; done' during tho' ■tliTNntelj ' ea thers.filled.very firm on market owing chiefly, to the advancing tendency-of almost all . 'grades of raw goods. LONDON MOXEI* ■ - The "Financial Times" of August 20, in con. monetary .outlook, pointed out that ••w'JS •' mom ? nt : the money. markets' all over the. Vorld were in a. state of almost plethoric'ease, 'Sn/ni?® l^iS? a * lon ''' boUl -'f®'' speculative .ami • ' iv ; 1 " osc^ • ■ was procurable at • rates activit? "Thn t0 affo l cl n '6'rong stimulus to •ffis™?* .There are, however, .certain -indica- ? pp:Lr ™ 1 that this' state 'of affairs 6 t o .!? oll^ tintie indefinitely, and with ■5..w of the regular autumn demand' for erop moving purposes'looming ahead' bankers are beginning to tako stock of the rt 4SSr.ii CI, Jfn a i » n °? " lc s ro i , .' l b!o requirements' --vhicli uill lia\c to bo met. In most rcsoccts it may be said that the outlook , is; on tho whole e i- ono '' and certainly the leading banks are,.so.fai* as,cash.resources-co.'in' than'they wero a year ago. /.The • prolonged, period . of industrial, de-: SIT - wlllch . wo havo b een passing, r .l 10 ' ncro . aßl ngly heavy arrivals of liulhon from the South African and 'Australian mines, has automatically served to build up the i„ OSO ST,» f "i 0 loins' banks of issue, si that .V ' at. ail -evonts, the position is "now stronger than it lias been for a long'time past During the .last-few. days, however,.-there has been a tendency, in Lombard Street to regard tho rotes now ruling as almost unduly low, and while, with money so plentiful ns it is at present, it has Seen found impossible to advance charges materially,, thero is a general belief that the market must shortly bo screwed un a htUc—a belief which has 'had,its effect "upon the negotiation of longer-dated bills. Tho two points which 'are now mainly occupying atten;tion nre the'date'and probable extent of the demands likely to. be made upon , this country in connection with- crop movements'in Eevot and the ITnitcd States., INBUKANCE .AJfALQ AVIATION. According to mall- advices an agreement ha# beeo.'ela/icd between. jnion Lifo

1 j Insurance .Society and the Victoria Mutual As- [• surance Society, Ltd., under which the business £ of tho latter company is to bo taken over by the former. The ; Victoria Mutual Assurance Bociety/was formed in 1860, and while it has not J attained large proportions it has grown steadily, t and its invested funds, which forty years ago 3- wero about £5000, and the interest on .them' less 3*. than £25, at the end of the last year amounted 2 to £165,500, whilo the interest exceeded £7000: l'. Under^the- agreement the directors-of the . Victoria* Jj.utual are to receive £15C0, to be divided amongst them, in consideration of their giving ■ ail information and performing during.tho next eight years acts ns may be required concerning > . 111 connection with the ,Victoria Mutual's l ?ho secretary is also to 'receive from « the Norwich Union an annuity equal to his pret sent salary, which may be commuted for a lump sum, while the agents of tho Victoria Mutual.are . :2' rc ®, eive . their usual renewal commissions, and tho "district manager? andthrco senior clerks v are to-be over by tho Norwich Union.' [ - THE. UNITED KINGDOM IN FIGURES. , Some' interesting figures relating to the pro- », gress in trade, shipping,, agriculture, population and .wealth of tho United Kingdom have been •• issued in. the'form of the usual annual statisl tical -abstract „by the Board of Trade. Tho i statistics cover the fifteen years .to 1900, -and t, deal with a -variety of matters. The total valuo P of the import trado in 1908 was £593,000.000, and the value of,exports £456,700,000. . There wore 9500 sailing ships and 11,600 steamships .registered In • rca L?p r . l^n in 1908, the aggregato tonnage being 18,251,0C0 tons gross. Only, 900, as against 1300, vessels were built in tho •'United Kingdom during the year, and' a total .of 14,700 vessels, U»i68>000 tons,---and employing j 275,700. persons, wero engaged in the Homo and . foreign trade. The railway- statistics , show, that ) !?I.W amount of capiUl invested in tho Britishy-hnea np to last year wa-s .£1.310,533,000, , - avorage • return' "of 3.32 • per' cent • line, open was-23,200 miles,-and l i,Z/B,CQO passengera were carried. . • Customs revenue collected at Wellington yesterday amounted to £2257 - 43. id, . ■ ' ; - FRUIT AND PRODUCE REPORT.. y The New Zealand Fruit and'Produco Co., Ltd., • report prices for the week ending September 27, ■ as follow:—Potatoes,;4s. 3d.\to<ss./3d. cwt.; pota- . toes, seed dates, ,4s. 6d. to 55..6 d. cwt.: onionq . (American), up to lis., cwt.; onions, (Victorian),9s. [ 6d; cwt.; lettuce, 3s. to 4s. 9d. case; spinach, 25.-'Bd. to'r4a. case; swedes, Is. to Ib.. 6d. cwt.i asparagus,'la. 2d. to Is. sd. bunch; carrotyc2s. . 6d.",t0 45.; 6d. sack; parsnips, 2s. tO'Ssi'aack;pumpkin,,ss. to 65.. sack: cauliflower," 6s. to 95.r. .sack; rhubarb, 6s. to. Bs. doz.; ,turnips, ls.'9d,;to i 2s. Bd. saok; beetroot,. 25.-;8d. ; to 4s.V3d. sack; marrow, 2s. fid. to 4s. 6d. sack; cabbage, 6s. to 10s. fiack; French beans, 4id...per lb.; .mandarins,' 5 ss. .6d. to-76.;-lemons* 7s. ;6d, ; 6d,; loqwatsV j 58. to 7s. box:'passion fruit,pines,' f - 9s. to lis... 6d.; Island oranges,•■'4s.' t6> : 'Bs. '6d.:- » apples (extraschoice), Rokewood; -Bs/ 6dj,?to" 10s»:I apples', Sturmers, Bs.'6d. to^s.-fid.r.'applcs.(cook-: t ing),:.Wolsleys or Washington;-9s. to lls.i . Scarlet '.Permain," ;lla., 6d. : ; Sturmers,* • ,_93.Vto 10a. 6(1.; apples, French' crabp,"-10s. '.to ■ -lis.* 9d.; ( apples," s'tono pippini • 9s.:' Apples, rufr- » sets, 10s. tO' ; ils.*.6d.'*''banaiiafl, -7s.v9d. - lGs. 6d,; . . eggs .(fresh),-. Is. per doz.; hens.-'3b, Vtbr4s. per I ; pair; bran,.'9s. per sack; chaff. £3 to, £3 10sV;" . 9s. per: pair;'duck's,, sa; to fis., | per. pair; ioats,' 2s.' 2d. to- 25.-. 3d.;-pef .-bushel;; [ noanu'ts, 20s.' to' 225/ per sack;, preserved' ginger, 6id.. per. lb.' . . v ; j : ! ; ; ''MARKET SEPORT;;:' V . ; , • ' f Messrs. A. H. Atkinson, and^Co.', Ltd., of Feild- . report on.'their-'Friday's/sale, as follows:—' Pigs,sold >wcll,at late rates.yand-came forward' in good numbers.',' Again the .demand for poultry was considerably. in , excess of- supply, and r Rood' prices'.lwere realised. • Produce,'and .furni- , ture.met with readier sale, than last*.week. -. Quo-' tations:-Big6r-Weauera, 10a.;;10s.>9d..Vto lis.' 3d.;1 Blips, lls.V3d.';to 135., 3d-.;/ st6resi'l4s.».9d„ 15s.*,' r 165., 16s. 3d.; to v l6s. 9d.; fimalUp6rkersr r 2ls. 6d. to 1 i 255.;, mcdidm'do., 255; 6d;-to •SOi'r'sowc', ,£3 7s^ to £3 10s.-.'Hor^s—Five-year harness mare;-£lO; c 'aged do., £s>l2s. nine-year harness 'gelding." £4 25. 6d.; : harness mare, £3 17s. 6d.;'pair aged poldings and.expross, £20. Poultry-All at each: Hens, Is.. Bd., Is. lOd:; young roosters. Is. 5d.. Ib. 7d., ls.<lld.{ 2s. to.2s. Id.; purebred do., 4s. Pro* , -sduce—Potatoes,' seed, 4s. 3d. to Bs. Per sack; j ; table do., ;Bs.V Bs. to - 10b; 6d.; pig do., 2s. per. 1 fia<?k; wheat, 17s. to 17s. 6d. per sack; garton feed.oat3,« ; 9s. per.sack; D/D bartons, 16g. per .. fivp'bnahcl--! sack; Algerian feed, 95.; • rvegrasa,- • '.jecondsi.sß.'; .maTr°wß,-43. 6d. aaok; caDliflowers, ' k Zr.v6u.; cabbage, 25.; carrots, 25.; parsnips, 2a. : '' 6d.' (small . bags); «pigmeMi 6s. • per Back: bTan, J lol 3 ey ' 5s - 101b. tin; bacon, factory, sides 7id., hams.Bd., : , 'v; V METAL .MARKETS... (feec." September 29, 0.15 "a.m.) . :By Telegraph-Press Aesoc(ation-Oopyright.) ■ , London, Soptembor 28. Copper.~#n-..the' spot, /?59 k 'los.; thrc6' ; 6s. 3d.;'.'e!ectrolytic,'..f6l- ' Tin.~On. tco spoti .£139 155.;. three ' months, £140 17s.- 6d. per ton. Lead, £12 Bs. .?d.-per. ton. v :- : PRICE OF SILVER. :V,<By : Telegraph—Press; Association—Copyright;) '/ ' London, September 27. Bnrisilver Is quoted at 23Jd, per stan* dard.-. -./ \.'/• ! I « ' .• ' WOOL ■BALES. . ' ' ; V- -PRICES' FULLr; MAINTAINEp.'' By Telegraph—Press A'asociation-Copyrlght) London," September 27.' At the wool sales there was .n large attendance and, spirited competition. Prices wero • f alln • maintained. .... .(Reci. September, 29, 0.15-, a.m.) ; , | •' 'London,-September ,28; ' . "Dramuca" clip fetched 92d. Messrs. Abraham and Williams, Ltd.,'hare.re- ■ ceived the following cable from London, under . date . Sopteiqber 27'"Market • very, firm for all : (lescriptions,of .wool", . ' ' iuTERS ■ V. BROKERS—SELLING. CONDmONS. I f tiy. .Telegraph—Press ■ " . •• r;- : .-V •: '. s'ydnsyi;-'September.- 23. ' -Trouble has recurred in tho woAl' trade, tho - buyers objecting to Some of .the. selling condi- . tions. . !' . The weekly -sales fixed for -yesterday wfere postponed. r - • Negotiations are proceeding to submit the-dis-pute'sto • arbitration.. v - .^' ; ' . . GRAIN ;AND POTATOES. \ (Bj Telccraph—Press Association.), . Chrlstchurchi September 28. : The wheat market continues without change, noither sellers nor buyers being in "evidence* It is now beginning to bo believed that there are not very largo stocks of wheat held., but until millers are again in want of supplies n is difhcult to say for certain what is likely to be forthcoming..The move-in oatß is not very pronounced, though'.there is a fair amount now-available from tho spring thTeshing, • • - - Potatoes are dull of sale, ;in consequenco of northern markets bfeing well .supplied through shipments that havo lately gone forward. '< Stock hold in Canterbury: are .'reported to-be getting; low owing to the report of : ,blight among early crops in Auckland, and to. the fact that the sea.son. is late.thero in consequence-'ofvthe'-late rains. ' The. northern market ; may require' supplies to a later period than usual/;-. •