COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 634, 11 October 1909, Page 10

COMMERCIAL ITEMS.

'.', .':.■ ■":■ , INVESTMENT SHABES. ;-v ;•'■ - A jalft of ■Wellington Investment' at'lls. 6d.' was-reported on Saturday.' ■ Bank of -"New Zoa.land, buyers £9 4s,'.;■•National! Bank, .sellers £6; INcw Zealand and,Jßiver.Mate, buyers'-£l 14s 9a. ["Wellington Investmontj buyers Us. 3d. sellers 115:..6 d.; AVclliriEton.Tr.ust'-and Loan, Eellors : £7.;:25. 6d: i: Feilding (Ja'*,,'; buyers 21e: ; , Napier. Gas, £5 paid,'BcHerß'£Uil i almerßton North Gas,' sellers £7 15s.'; buyere £2 14s.' W.i Gearlteit, £4 p'aid, r buyers'£lo 2s. 6d.j New Zealand Ship Ding.--.buyers. £6 17s. id. »r' dividend;" Wellington Woollen: buyers £3 Is.;; Tauplri Coal, sollers.l9s. 6d.; "Wostport Coal, 'sellers £6 55.; Westport-Stookton Goal, sellers , 6s. 9d.Miramor, Ltd., sellers 13s. 6d.; New : Zealand Consolidated Dental, sellers £1 4s.'6di; Sharland's,ordinary, sellers 20s. 9d., .preference, bnyera: 20s. 6d.; Taranaki Petroleum,'buyers 7s. J 9d.;'Eellers' 10s. , -•■•-•- •'••- •-,/•.■:-'-; . ■ < . ;■■•.' THE'LONDON MONET MAEKET. . A strong demand for gold appears to havo set in during the,past two or three wecke, which ;ha3 had the' effect of forcing the Bank of England to advance its discount rate anfl'to mako ■ the rate for three months' trade paper rather high.: The following figures, which, give the amount of gold' in the Issue Department and the reserve of notes and coin for-the past four :weeks, are instructive:- .. .;• . - • ■ '.'.. . . Gold. Reserve, ' Sept. 15 ■...../..:... 38.829,000 29,741,000 ' Bept,22 ;;.. v . 38,043,000- 28.091.0C0 • Sept. 29 ' ..;. :..-. 35,855,000 25.976.C00 ' . .. Oct. 6 . ,■., ; 33,468,000. 23.636,000 There has'.been .a decrease 0f'.£5,361,000 in sold while the' reserve has shrunk by £6,'105,000 in three >weeks,' Such movements are unusual, and it is obvious that some foreign country-is draw. ine.ebld from, London. . In. March last France was scouring all tho cold-offering, in '-.London and the Bank of' England was then'.forced. to advance its discount rate. It is very'-' probable ..that,the pressure is again being eierted by i France.' If the movement continues ' we are likely to see a 4 ner cent, bank rate and trade troubles. , ■ \ ■. . ' \ UNITED STATES FINANCE. ' ' The: United States, like, the' British Governmont, is finding it increasingly difficult to mako revenue keep pace with expenditure, and! the' disbursements for tho current fiscal year will exceed the receipts by £20,000,000, unless Congress votes extra appropriations. In America sources of ;incomo are not so clastic or so readily found as they are in Great Britain, Federal law plac[?S- w^'i 1 ! r . es , trio «?n». 0" the manner in . , which the Administration can raise nionev bv personal taxes. Tho cost of maintaining tho various Departments, such as the Armv and Navy, the payment of. pensions to old'soldiers etc., has increased at such a rate within the last few-yearß that in some cases the amount .necoseary to operate this or that branch of tho Government is -nearly iivo times the amount required twenty years ago. Tho population in 1890 was about 63,000,000 and the appropriations £102,000,000 Population has increased about 45 wr cent, in twenty years, while . the expenditures havo gone up 170 per cent. • They are in crcasint now at. tho rate of £10 UOO nnn in £20,000,000 a year, while receipts Imve.advanced : In no such proportion. 'The expense of main'taining the Army has risen from only £4 50oocn in 189f to, over £20,000,000 at tho present time Tho expoHses of Congress in law'making in! eluding the travelllngvoxDcnscs of tho- Congress, men and other items, now amotint 'to > over £6,000.000 annually, compared with £4,C00 HO In 1898. while the cost of the Navy, which formerly represented only £6,500,000, has-now in. creased to . actually £28,0C0.0C0, more ; than any other Department, Next in importance" Is what ' 'Iβ known: as.-the'civil acoounv: J from which

money is obtained for .miscellaneous Govern- I raent cipenses. The appropriation'for the coming fiscal year is 'nearly' £24,0C0,000, compared with but jE7.CCO.CCO in 1698.' ' " '■ .- NOTES. From the returns recently issued by the U.S. National Association of Automobile Manufacturers, their output 111 1904 was-"20,100. cars, value -£8,200,000; in 1908 it was 55.4C0 cars, valuo £17,M0,C00; and tbi? year they count on 62.CCJ cars, value over £20.1)00.000. Not content with the current year, they announce' their intention of next year building 200,000 cars, with a valuo of about £49,C00.0M. The American manufacturer'certainly docßlook ahead, and always has a bigger thing on hand for the coming The live stock of Argentina was thus officially valued on May 30 last year:Numbcr. Value. • n a tti e 29,116,625 £61,981,295 She™ i 67.211.758 ' 25,056,863 .- mors?, " 7,531,376 17,976,143 .. j[°ief 465 037 -1,97(1,399 . ■ Pig B s ' ■ •■■■■ ;."•;:: 1,403,591 i>368.789 Goats — 3.9451184 726,798 . ;■ Asses •:::::,-■ 285,083. z<9.341 : — '£129,369,628 The cattle represent nearly two-thirde of tho total. . ■Customs revenue collected at Wellington on Saturday amounted to £1606 15s. 3d, BAELBT AND OATS. Illy Teleerapti.—l'rcsß A»j<icli\tti>n.-Cnorr!eM I London, October 8. 'There is a good - inquiry for barley. . For Ohovalier on passage 325. 6d. per quarter is Cargoes of oats are in fair demand. "Gartons, 245. to 26a.; Sparrowbills, 235. to 245. 6d.; Australian and Algerian, 165.; La Plata, De-cember-January shipment, 14s; 9d. '"' "■ THE 'METAII MAEKKTS. ;" -" - (By Telegraph-Press Association-Copyright.) i -,' • " (Kec. October 10, 5.5 p.m.) • London, October 9. , Copper.-Spot, £57 18s. 9d., three months', £58 17s. 6d. per ton. The dullness of the market is attributed partly to Bomo increase of stocks in America duo to the enormous production,, but there are indications of expanding .trade in the near, future. ■ .•■ Tin.-Spot, £139 55.; three months'. £140 ss. per ton.- '■•". ■ Lead, £13 ss. per ton. The market is firm, and there is a tendency towards a good consumptive demand. ■ , ' i COLONIAL AND OTHER PEODTFCE. ' (By Telegraph-Press Association-Copyright.) • (Eec. October 10," 5.5 p.m.) .-. , . London, October 9. Hemp.—The • market ie firm. Octobcr-Deccm. ber shipment is quoted-at £27 10s: per ton. :. -\ ■ Copra is-firm. South Sea, in bags, £20 7s. (d, per ton. ■':•-.- • ■.'. ; Linseed oil, £29 10s. , ■■■''■ .' '■ : Kabbits are very firm. Supplies are' short Large Sydneys, ei store, 16s.' 6d., llelb'ourrioa 15s. 6d.. . '• . ■ : ■'~.. -. .--, Hares are scarce. Sydr.eys about 3s. Hides are neglected, and prices are-nominal. Queensland oz, heavy 6Jd., light 6d.; cow. Hi.; Sydney ox.. heavy ,61d., light 53d.;'. cow, sadJ ....■' Leather is dull.'Best'heavy Sydney is quoted' at 9!d to lid., Melbourne, IOJd. to 12jd.; aressin- sides, 14»d. to 16Jd.V • „ . , ~,.. Basils are a farthing dearer. ■ Australian ,rsts, lid. to 15d., Now Zealand'.l3d. to -Z15.,,,- -.- . . FROZEN-MEAT.- ' ';. : " ". . ' _The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London house; under date October 7 meat: Mutton market slightly better; lamb market firmer. Beef market has upward tendencyt MAEKET EEPOETS. The Now Zealand Farmers' Co-operative Distributing Co., Ltd., report as follows :-Maize, 45.. 3d.; wheat, whole fowl, 4s. 10d. to ss. (firm); barley. Cape seed, 2s. 9d.; barley feed, 2s 6d to 2s. 9d. per bushel;' barley meal, best quality, £5 per ton; oatß, 25.-3d. to 2s. 4d.;oats, seed sparrowbills, gartons,'duns, 2s. 6d.. to 2s. Bd.: Algerians, 2s. 4d.; oats, crushed, 2s.'7d. per bushel; horse beans, 4s. 6d; per bushel;- partridge peas, 255.; Prussian; Hue peas, ss. 6d. per bushel; hay. prim 6,. £3 to £4 per ton;'straw, wheaten, £2'ss.;,oaten,- £2 2s. 6d. per ton; bran £4 10s.; pollard, £5 10s.;i'sticrosinc; 2Co's £7, 100's £7 ss. per ton; linseed oil cake,genuine. £13; prime oaten sheaf chaff. £3 to £3 ■ ss. potatoes, £4 to £4 10s.; selected Canterbury Up-to-Dato seeds, £5 10a.; onion's, £10 10s. per. ton; butter,' separator, 9d. to. 9Jd.; dairy,. 7d. to Bd. per lb.; eggs, fresh,. Iβ. to Iβ. lα. per dozen (good demand); honey; 60's 33d. to 4d., 14's-41d.; beeswax, Is. 6d.: fungu3, 5d.: walnuts, sd. to 5Jd. per lb.; cheese, best factory, mediums, 5Jd. to 6d.; bacon, factory.sides Bd., rolls^d. , , hams 81d. per .lb.; porkers, 70's to 9O'e,4Jd., 90's to 100's Ud.: baconcr6, 4d.; heavy pigs,-'3d;' per lb.; green peas, 10d. to Is. 3d. per peck; cabbage, Bs.; patsnips. Is.; carrots,■ table, Is. per. sack; marrows, 23.; cauliflower. Bs. 6d.; pumpkins, 3s. per sack; Rwcdes;'2oe.. per ton; rhubarb, 3s. to 6?. per dozen; asoaragus, 4s. 'to 7s. per dozen'bundles; apples, dessert, Ks.; apples, cookers, Bs. 6d. Poultry: Table roosters, 4s. 6d. to 55.; cockerels, ss. 6d. to 63. 6d.; table hens, 4s. 6d. to 65.; ducks, 7s. to 89.; ecese, 6s. 6d.j all nt per pair; turkey gobblers, 9d.; nene, Bd. per lb. ,

Messrs.. A. H. Atkinson and Co., Ltd., report that at'■ Friday's; sale, there was a medium entry in both piss and poultry. The pigs were o! good, all-round quality, and sold at rates in advance of o,ur last quotatione. Poultry made top values, and sold at an average all-round price of 2s. 6d.' per ho:>d: In produce ; lines potatoes, both '] seed:and. table, were slow of. sale.' Quotations:-Pigs:- Slips,: IBs. 3d., 18s. 6d., 19s.', 19s. 6d. to 21s. 9d.; stores, 265., 275. 6d., 295. to 31s.'; small• porkers, 295. Horses: Harnesn mare,' £12; p0ny,,£2.105.;, half-draught colt, £4,105.;: aged ,-hacks, .£2 10s/-:to .£& Poultry: .Hens, 2s. ■;to 2s. 5d.; roosters; 2s. 3d;,'25.-'6d.', 25.'7d., : 2e, 8d."; pullets,' 2s. 2d.; -half-grown' birds;-Is. , ' 9d.':-ducks,' 2s. 6d.:to 2s..Bd.;. geese,-3b. Id.: all at each. Produce :"Potatoes," ss. to ,10s." '6d. per sack; good Csod, 6s. to Ba.'per cwt.; onions, Id." to lid...per lb.; pig meal,.7s. 6d. per sack; pollard, 10s.-6d.;. ■bran, 6s-: oats, 2s. to 2s. 3d. per bushel; seed 'do., to 35.; carrots, 2s. per, sack; parsnips, 25.; factory bacon, , sides'7id., hams Bd. per lb; .■• -.., Mr. Harry Palmer reports the largest entry of. pigs for the past month at his last week's sale, some 160.being sold. .The quality was Bood.. and the 'demand keen, and pricee very satisfactory, more particularly, for weaners and slipa. Porkers were slightly easier than was tho caso last week, and tho entries- of poultry were only fair, although the demand in as good- as ever. Quotations -.-r-Pies, wcanore,'-. 95., 9s. 9d., 11s;, 111s. 3d.,.125., 145., 15s. 9d.;'slips. 155.. 165., 175.,'175. : ,6d. : light porkers. 183. 6d.. £1., £1 Iβ.. £1 2s. 6d.; heavy do.; £1 As. 6d., £1 55., £1 75., £1 12s. Horses: 'Shetland pony, £3 35.: harness horses. £2 17s. 6d., £5.", £6., £7 10s. Poultry: Ducks, 'ss. 6d. to 65.; ducklings, just hatched, 2s. per pair; chicks, 9d.- to 3s. per pair; hen and brood, Sa.; cocks, 4s. 6d. to Gs. 6d.; hens, 4s. 6d. to 6s. 6d.; turkeys (scarce), worth from 6s. to 7e. 6d. for hcnß; gobblers, 10b. to 12s. each. Produce: Potatoes, prime, 9s. per sack; pig .potatoes, 2s. 1 6d.; inferior sorts, ss. to. 7s. Der sack; brocoli. 4s. to ss. per sack; cabbage, 3s. per Eack: rhubarb, ss. to 6s. per doz.; asparagus. 7s. to 9s. per doz.: onions, ld. per lb.; mangolds,"ls.'6d.; swedes. Is. 6d.; hay, 2s. 6d» per truss: chaff. 2s. 6d. to 3s. 6d. per sack; oats, 10s.; barley, 9s. to 125.; wheat, 15s. . . .;,_ -;'•"■- •■ .-