COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 647, 26 October 1909, Page 8

COMMERCIAL ITEMS.

-;,/. INYESTMENT "SHAKES. ■ -' '..Sales.of Westport Coal at £6 ,4s. and LeylandS D " eD , J™er, ,235., yesterday. National Bank, buyers. £s;' .18s. 6d.y; sellers £6; § n an . k e Zealand,-buyerß, £9.105.; sellers £9 15s.;,National Mortgage,wjiuycrs-,£2.175. 6d., •% .»"■ *si ; -. Wellington 'Trust-and Loan;-buyers £61• 19b:- od„ sellers. £7 • 25.;-,-:-:Wellingion Deposit, sellers Bs. 6d.; Napier Gas,;£S paid, sellers' £12 10s.; Palmorston North Gas.'sellers £7.153.;'. Weilinston Gas, £6 10s„< ■ Boilers £14'..-:5s.V---Bbrt Chalmers Gas, buyers 17s. 6dl; South British In-.WrWcc-,,6e1i?J5,,#2 155.; N.Z.■ Shipping, .buyers £6.175.: 6d.; Wellington Woollen,-buyers. '£3 20.; .•Westport -Ooal.'-'ouyers .'£6'.-ss;;. teyland-O'Brien Timber, buyers 225. 9d., sellers'23s.; N.Z; Cbnsoli--dated Dental, sellers 245. '6d.; Sharland's ordinary, sellers 20s. 9d.j preference, buyers'2os. 6d.; Bycroft,'Ltd., sellers 175."6 d. ■•

: 1 ; ; THE LONDON ..MONEr.-MAEKET.,..', .-'...' '■ The immediate cause of-the Bank of' England discount rate being raised 1 from 21 to-»i per cent.'in- three weeKs is.'-the "heavy withdrawal of gold, .This':will bo.i.seen in the following figures, which show the.amount of coin and buf•liCn intho Issue Department during the past seven weeks, and for.the'corresponding dates of last year; ■:■.'.'...-■:;: •' - '". ■■''■''■ .'-This Year. Last Year.-, '■:■"■ ■'■'•-.'■'■: ' .'■■'•■ r;.. ~-£«' .''-*•'-'-'' : .-, Sept.:. 8 ■ ....„.....,.;.....„'. 38,853,000 ' 36,585,000 -'• -.'. ■ 'liept.ls. ..'.. _:„..-..;.. 38,829,100 36.V84,(i00 ' '.Sept. 22. .'..-..._...;.......... 38,043,000 .36,917,000 -' ...Sept. 29 .U„ _...■;.'..'. .35.865,000 -36,349,000 : ■.■' '~"- Oct. 6-' .............. ....: 33,468,000 ' J5,325,000.'' - Oct. 13.: ::..... : 32,468,000 '35,046,000 :■ ."" Oct. 20 ! '.; ;...:...'......... 31,597,000 ■ 34,998,000 : It will be seen from the-above that tho withdrawals commenced'in tho second week in September, and were very pronounced between September . 22., and October 6, nhe loss in tho two .weeks 1 amounting to -£4,575,000. Had the:conditions been normal there would have'been an expansion In gold during ■ September,' decreasing • towards the-end of the month as was tho'case ■last year. Tho metal reserve," on: October 20 was £3,401,000 less than at. the'corresponding date' ldst.year.. The change in the situation appears to havobeen brought about by the: condition of affairs in Germany. In. the middle of September the committee of the Bank of Germany discussed the advisability of' advancing,: the : discount;: rate, .The; open market, rate 'had been rising steadily 'during the month, due chiefly to the speculative activity and volume of business on the Exchange, Which was claimed!,to-be greater:-. than', at' any; time since the'autumn of 1905. Another cause assigned for,, the .changed conditions was the heavy ■ investment ■of German' fends . in . foreign •securities. Furthermore, the bank-and the open market were being drawn upoii; fdr. gold for Eussia, '• and German > bankers we're buying the metal'in London- and Paris for shipment-to St. Petersburg and other Russian, points. The German Bank T rate was advanced: to-s'per cent.' on October 11. ; With the .end- of 'the 'quarter there was, of course, the usual .quarterly, de-; mands on the Bank'of and since then' ■the harvest demands have called for gold from practically everywhere. It is to be hoped'that the 5 pel: cent, rate will check the outflow of gold, for .it would be very detrimental to. trade if a higher rato were imposed. ;

-.-.-.'.". -' i,,'.- 1 . '■ :. . ■'.. '.. ':•. .'■-'■--.- ■■■■>•■■ . Customs revenue collected at Wellington yes", terday amounted to £1872 Bs. lid. . ■'

.WELLINGTON' MAKKET KEPOET. :. >: 'Messrs.. liaory and Co., Ltd., \7cllington, report wholesale prices rilling on .the' Wheat, fowl, 4b. Bd. to 4b. 10d.; shrivelled wheat. 45.: Iced oats, 2s. to 2s. 5d.: dun oats. 2s. 3d. to 2s. 4d.: seed.oats, 2s. 4d. to 2s. Bd.;. alecrun oats, 2s. 2d, to 2s. Cd>; maize, 4s. Id. to 4s. 3d.; , crushed malt; Vs."; fowl barley, ,2s. 4d. to 2s. (id.; Oapo barley seed, 2s. 6d. to 2s. 9d.; flour, New Zealand;£U ss. to £11 10s.; Australian,£l2; bran, £3 15s.'. to £4; pearl barley,.' 165.; peas,'. Prussian blue, 55.. 3d. to sb. 6d.; fowl peas.' 45.; split, £17 IDs.; bonedust, £5155.; superphosphates, : £5 to £5 : 55.;- pollard, £4 15s'. to £5 Ids., basic! ' slag, .£4- ,10s.: chaff, oaten-sheaf, £3 ss;' to- £3. 15b.; oatmeal, £10 ' 10s. ■ -to £11: potatoes, .tablc,-£3.1C5.,t0 £4.-. 106.;' Now Zealand, seed potatoes,■• TJp-to-Datea, £4 " se. to > - £4.-. 10s.: ; Oalifornian onions, .£l7; molassos fodder,, £s;,"bacon,; factory, sides, 73di; hams, ;.Bid.; rolls,.'.' Bid.:' butter, prime bulk, Bd. to Bld.v ! .P6ultry:.':Hens,-:45.'.6d.'-td'i4!,' ,6d.: ducks, '6s; to 7s.;':turkeys, gobblers,: 18s. to 2Cs.I hens,, 10s. tS» lis.; fresh r-ejugj''ls. dozen; cheese, 6d.t6;6id, per lb.; 10af,.7d; to 7Jd;.per lb.; Akaroa machine-dressed cocksfoot, 7id. < to Bd.; fawnerb' dressed:.cocksfoot, s&',to id. pec ■;>; —^' : ;n -^r,.'; '' ....■ ■;?;■ -';,-.•■.'■"*

lb.;' ryegrass', s 3s. 9d. to Ms.' 6d.' per 'bushel; Italian ryegrass, 35.'.6 d. to 4s. 6d. bushel: white clover, 70s. to-.755. cwt.; red clover, 755. cwt.; cow grass, 755. owt.; alsike 82s: 6d. oivt.i •nius. lard, 40s cwt.; trefoil., 375; 6d. cwt.; rape seed. 265. cwt.; timothy, 325. 6d..cnt, j: Swede and turnip seed.- 60s. to 60s. cwt.:

■ - FRUIT AND PRODUCE REPORT., 1 . ;The' New Zealand Fruit and Produce' Company, Ltd., report dear-prices-for the' weok ended October 25, as' follow:—Potatoes, 3s. 9d; to sa. cwt.; potatoes, seed dates, 4s. to 4s. 6d.; lettuce, 6s. to 9s. case; spinach. 4s. to 6s. case; onions, •American, up to lis.; onions,.Victorian, 10s. 6d.; swedes, Is. to Is. 6d. cwt.; asparagus, 8d..t0 9d.. bunch; carrots,: 3s. to 4s. sack;' turnips, Is. 9d. tp 2s. 6d. sack; pareniß6, 35.. 6d.-. to ss. ,6ack;. beetroot,' 2s. 9d. to 4s. 3d. sack; pumpkin, 7s. to Os. sack; marrow, "4s. to' 6s. sack; cauliflower,' 123. to 16s. 6d.'sank;-cabbage: ss. to Us.. 6d. sack; peas, Is. to >ls. 6d. peck; French beans, 4Jd. per lb.; rhubarb; 3s. to ss.:dozen; bananas, '7s. 9(1. to lCs. case; mandarins, lis. to 13s. 6d. case;- pines, 9s. to lis. 6d.. case; lemons, 1 ,75.; to' 'Os. 6d. case; passions, lis. to lis. 6d. case; loquats, ss. to 7s. box; oranges/Island, 183. to 215.;' Sydney oranges, .10s. to 13s. 9d.; apples, Tasrnanian Scarlet Permain, 14s. 6n.'to 16b.; nn. pies, French crabs: 145.; -apples,- Stunners.: 14s. to 155.; eggs, fresh, Is. to Is. Id.-dozen; turkeys, 145.:.t0 10s. pair; hens, M... 6d. to ss. pair; ducks, 6s. to 8s: pair; bran,'9s. sack;-oats, 2s. 2d..t0 2s. 4d. "bushel;, 'chaff, £3 to JE3 10s.; peanuts, 20b. sack. " , . •'■

THE, FROZEN 1 MEAT:. MARKET. . - '(Br Telccrnph.—l'rcaV 'Aaaoctatton.—Cooyrlirbt.r ■ •-.. London, October 24. ' ,Tho Frozen Meat Trade Association's, Smithfleld.market quotations for the undermentioned, 'classes of frozen meat are-based' on. actual sales of not less than one hundred (arca9s-ia of mutton, or lamb, or twenty-five quarters of beef of .fair average quality. The quotations are not for selected lines, but'for parcels: fairly, representative of the bulk of the shipments now on the market. The pries which follow are on an average a farthim? per Ih. inorc than the valuo ex ship. thiß difference representing: a n average cost in expenses, handling, conveyance., .and selling the meat:— \ .: ■. ■.. , , ~ .Oct. 15. Oct. 24. Mntton- ' ' '"• •••':■■ .d. 1 . ' dj . > : Canterbury, light .'. 45 " 4i . Canterbury, medium 4| .4S Canterbury., heavy ..- ;1 -' ,!■•>• North Island,'beßt .........'..'...:...:;4av; «,..'• K North Island, ordinary ..:...... 4 5-16 4J ~\ Australian, . light •'■•■■ 4 • 4 • . 1 .Australian, heavy ■— — Bivor Plate, lieht — 41 ' Eivcr. Plate, .heavy- ; 41. , ■-.• .4J ; • Lamb—, ' ' '' •■• - ■ ■..' I :'Canterbury, light .' 45 42 Canterbury, medium • • " , ■': " ■' Canterbury, heavy 'W' ' 4J ■Southland 4J ■ 4* : ...■' North Island, selected 4J ,43 ■ •■' ■'. North Island, ordinary 4Jy <1 Australian, best — — Australian, fair,.-.' —. — Australian, inferior '..'. — '•'. — ' , River Plate '..:■;: .'.;..:....;.....:..... 4J , . 41. .Beef- . :i,J. New Zealand ox fores 33 ' ' 2J ■t,] Now Zealand!ox hinds ~-.■• 3S . .','■ Australian ox fores ...."..:...:. 33 " ?i >:\i: Australian ox hinds 31 31 ; 'l- River Plate ox fores .../..: :'-U- ■ -W -nV River Plate ox hinds .....33-16' 23-16 jThere is a very limited demand■ for mutton, ■retailers, only buying under compulsion. ■^Rabbit's.—Market fiat.' owintt to - the mild weather and heavy supplies of Knglish. Quotations arc ■practically I 'unchanged.: , Hares—Market, easier :at-2s.>9d. t0..25. lOd. ... . ROBERT REID AND T'lßy: Telegraphr-P'ress' Associa'tio'd—Co'p'yrieht.), h"'■■ London, October 24. At the annual'meeting of the colonial firm of Robert Roid and Company, Ltd., general merchants, the statement of accounts showed tho profits to ; be £64,703. A'dividend-.'of 10,' ncr cent, was declared; '"£ZS,GOO addcd~ to reserve, and £6537 carried forward.

;■ .Y , MINING NEWS./:. -:■:{■■ WELLINGTON MINING MAKKET. • ■ ■ ;'■' Extreme quietness characterised the market yes:torday, and only four sales were recorded, Waihi Grand Junction shares, wore firmer, on bettor reports from tho'mlne. The'/day's sales .were as under:—. ' ~ •;. : ..-.'.; - '...■.'.'i '-:'. '..•'Kiiranui Caledonian, Is. Id.'(second call). .■'Waihi Grand Junction, £2 7s. (third call). .'s .Watchman, 2s. sjd.' (first call). ,''■'. " Ross Goldfields, 10s. (first call). ■>" ■ ... • '■ : ■ .'f | •'. ~ QUOTATIONS. ■; ~. / ■■The I, la-tost quotations, with last recorded sales, were as: under:— '■•-.., '■■'.',- : '■', Buyors. Sellers. Sales. ■■, £ e.d. £s.d. , £s. d. Dixon Consolidated ...li. 0 0"9 " o'l, 0,. ',:.-rV . Dominion i. — 0 O;.S •■.•:, -—,-; Kuranui' :.....'.' ;..- — O'l'vO. ":.•'■— ;"• Kuranni Caledonian ;..• 0 1 .0", 0"1 1- '; ','& -111l 1 1 May Queen : (P. 4 o.'"-0.4 %>:■■ :±~'..' : Maoriland '.'..; r::— .'0 I'D ■'■? .v-i.. ■. Mountain King (paid' ...'.'—V 0 15. ,^',' Mountain King (con.) ... — - '■■■•* 0- 12 ..' — ".' N.Z. Crown '"— ; .'0.5'3" : — . Now, Sylvia .V....1..,. ;0' 4 If. .0 4 8 ..'..- Old Alburnia (paid) ...!..• 0 2 2-'f. "• ~'it.;:':' :■'— Old vAlburnia (c0n.)...,;,. 0 HO ■;' ■: \ '"•■•,— ' Saxon ~..;.i.i.y... 0 1 2.'. 0 l'J ;i ' ; —..' Tairua Broken Hills 'tf.'O i.V.i 0 I"3 ■•' ': : i- • Talisman :...:.;',.-..;5. '2'lo 0 ■ '2l0"?d *"..•.•!_ '■ Tangisro .'...?..:..;. r v!%' — . •'.* 0 0 6'.r ; — Waihi Extended •i./.'.iii',. 0 4 8 ■'-0 • 4-10 — -Wnihii'-Granil' Junction -I 6 6' 2 / 0 -2 '7,0 -Wdiotahi V.';';;.'..'.;- .- ■;■;; 0 411 ' 'i-'.r Waitangi ....; .';;...;.';;.: 0 ,3,9 "* o'4"'o- ■■%■•. Watchman ..;. •....':.•.'.»;. >— 0- 2'7 l >-: -o'-• 2 SJ. Elackwatcr .■.-.:;•;:..;. '■'v^-' t .l' 3'6 ■.i'v^'^-".•■.•' Con.': Goldflelds .i.r.i:.;; lOlSvO'^'o'l3^S:.'(..:':>—;■) New Alpine (paid)'j.i'.V. .•..'.O ;.5.>.0' - -<'.'-';^-?- ; ■•.!"'■.'.'—." ■ ■New Alpine '(con.).}iV;M-;^.'':o:.^.'i9!'''.'*---j-i ! r''..,'.'!'J»ii-!. .'. Progress ..:.:..; r!.i.,',.;.:•'0 12 6;' v 013 iV -.' i Boss Goldficlds .v..-,.;.;..;i■ 0t9,'6.V'0 lo>6--.v6 10'0 'v " STOCK'%6HANGE..'' r :. : -:> : -yr "">': ■;, (By Teleerap'hriress:.A'ssociiitioh.)''■' , ': ,' ' '■•. -■;...'Auckland,:October' 25..'. ' ' Business done at, ihe'vfirst.'.call* to-day'on; tho" Stock Exchange included:— !','.':' >."''.-'..■' , > ■ Hay Queen, 45.^2d,'.-,■;,..;■,';■,■'V' ',''.;':'•'■•:"'....' .-'•• ' Sylvia,'4s.9d. . i.'-V'.'.:'-.:- '.' v ,,*' .• ",'. . , Albnrnia (con,),*le.' 9d. "':»-'.>; ' ■■/::••.;.• .-,-■ ■'. Waiotahi, 4s. 9d.'. ', ••!■•■-.'.' ••:*.' .'•.:•• Consolidated'Goldaolds, 18s. 9d: ■• '■,'• ,:'•; .'." :.'• . Hauraki, 2s. !&.:•: 'k•'.■'X■' ;■ ■ ,". "Ji ■' ' Golden Belt (paid),, Ib. 2d.''r« .....;■,""■-. Talisman, 515.,.505. 6d.".-'-'i'.i; ■.'•■'<■'■.;';;.%*■•;•""'•' ■'.;■ Grand, Junction,*J7s./47«J-.;3a.''v v -.'i jV.J.v : f '/•'■,' '■ -.• Saxon, Is.: 3d. ';?<.:-/• ; •.' '.>'■'-.'■ ■-. .';.>. iS '.•••':• : Tho following business .was-dorie- at-'.the Afternoon call'to-day :-r." '•' .'•- ;v •..-.. 'V •■'■•:•■,•..',:, Waihi Grand Junction, "475.:6d.i. 475; 9d M 475; 6d: : Bank of New Zealand;Ll9ss: '"-i 'U May Queen, 4s. 4d. '.■ >.-,: ■.;-,!,•'- ■. *}*;■;<- ■■' ■'•.• Dixon's Consolidated-: (con.); :-9d.;,' .'.''■ - -V-- ■:' New 'Sylvia, 45."7d;-.,' "■■' : "r-:i ''"".' Old Alburnia (paid); 2s.'ld..':-.->iHiw'. : ; ',: -~. : Old Alburnia (con.), -Is. • 10d.'- ■ jv '',■;■ ; [ ■:■':., 'Southern Queen," Id. , '• •''■:;'•'■«.',.,.' Waiotahi, 4s. .10dJ ?.;:':.■'.;: H 'y\r\>i^''■■'■■■ ■-;■•• '■ -•■' Waitangi Consolidated',"3s,'.lod;,'-'•,'.'--x-*'■ ■'•" ' ; Watchman, 2s. 7d:.-..'/... •■: '■,":...'■ .' ~, J Progress'Mines,'.l3s.,'l3s:-6d.'" f , •■•.,•'. : ::'■■: VOld 2s. 6d. V-*,i '4-ir!-'.'-:^-':.:\ -y". "■: Kapanga, 6d. ;.:'.'",N.-.< ; ?ii'.'i'.:':■ ■ . N.Z. Crown, 55.-7 d. :'. ■'. '■::"■:::.■■■■>■.■:.■■ \ >'.-,.• ■..'■ ■.', Golden Belt ; (paid);-',ls.' ; 2d:,*■ Is.'-'ld;*".-■"■•'.' ', ':■'■' Golden Belt (con;),v6d.;• . :■";<•■■■:?■!■■'':■ ■■: .'.;' '■' ; . .:, 'Phoenix, sd. '.',.;;,'..i-'i',•...."'- ..- Waihi, 2005.. ' :'•"':.;"','<" '..;'":V- .. .: . ■.-.■■ Waihi, &tended,: : 4s..iod:;;.4.s."ild;;;>: r ' . ; ; -:" Dunedln, October 25. • The following are Stock Exohange quotations:— Dredging' Stockß.—Blaokwater (con.i, buyers 3s. 9d., sellers ss. 6d.; Golden Bed, buyers .11*., sellers lis. 9d.; Hartley and Kiley, buyers 16s. 6d„ sellers £1; Bise". and Shine, buyers £1 145.;. Eising,Sun, sellers £1 18s. 6d.; .- Sailor's.Bend, buyers 45., sellers 55.: . ■ . Mining Stocks—Nokomai Hydraulic, sellers £1 3s.;.Consolidated Goldflelds, sellers 18s. 9d.; N.Z. Crown, sellers 65.; Kurunui, Caledonian, ■ sellers Is. 6d.; May Queen, buyers 3s. lid., sellers 4s. 2d.; Waitangi, buyers -3s.'- 9d.,' ; 6ellers ,4s. 2d.; Watchman, sellers 2s. 3d.; Tasmanian Copper,. buyers ■ 4b. 9d.; Talisman Consolidated, buyers £2 10s., sellers £2 10s. H.; Waihi, buyers £9 155.; Waihi Consolidated, sellers ss. 2d.; Waihi Extended, sellers 65.; Waihi Grand Junction, buyerß '£2 65., sellers:£2 6s. 9d.; Waiotahi, sellers' 55..2 d. Investment Stocks.—Bank of New Zealand, buyers £9 13s. 6d.; Standard Insurance,- buyers £1 2s.;Union S.S. Co., buyers £1 13s. 9d.; West-port-Stockton, -buyers 55.; N.Z. Coal and Ou, buyers 25., sellers 2s. 9d.; Jfilburn Lime, and Cement (tens), buyers 13s'.' '6d., sellers 14s. 9d.; N:Z. Drug Co. (£2), buyers £2 6s. 6d.f sellers £2 7s.;"N.Z. Paper Mills;, 6eller6 : £l 3s. . , Stock Exchange sales reported:—' . • ,-'.■ National Bank, £5 18s.' .." -/• ~'.-Tasmanian Copper, ss. , '■''■ -. .MINING SHAKES. (By .Telegraph.—Press Asaociation.-Copyright.) •':■:■■-.'':'•.■ London, October i' 4. The following ara the latest quotations :— Buyers. Sellers. ' .' £s. d. £s. d. ...: TVaihi ~9,12.6 ;, 9 15-;0 . Junction ...-. .....;.;...'.'..'.:.',.2,. 5- 0- ■ 2 : '6''3; 1 : I.;-" '■■■ ;'. '. — ■ . '''-."''." •;■ MINING- NOTES,.;..'.;--New .Sylvia.—Operations in the north tho low level in the New Sylvia mine have been continued, and over 20 tons of-ore have neen broken and paddoAcd.- The reef maintains a. width of Blt., and in'. addition there is ; about 18in, of rubbly quartz-on.footwali.side, which gives a low assay value, and is stacked senaratoly. The ore beinc broken from the. main portion of reef is of good'valuo throughout, though at present moment U not diving such high assays as usual. Wide timbering has been carried out for tho ample' room for taking, a parcel of ore'from underfoot, and so testing the reef there.'' Some 70 tons of ore have been broken and .placed in paddock since shipping the 100-tons .parcel. .The paddock has been further lengthened, and .trill now hold an additional-200 tons. '.-' • ■Waitangi.—ln. the westorn"section of thelow level in the Waitangi mine, Thames, operations 'in the fourth 6topc have been continued with two . shifts, another 7ft. having been driven. There has been little chango in the! reef, which etill maintains its size and appearance, free gold being seen in both tho hangingwall and footwall. portions 'of. .tho- reef.. The footwall portion,;east of the. rise, has been broken" out, and looks well, carrying .good minerals.- The eastern end of No, 2: level has been extended 13ft.,. and the hangingwall: portion- of the' reef ■.which is still being taken- out' for: 18'n. looks' -promising. Crushing ;.waa started :at thd.Waio-' tahl battery on. October 11,'with'.20 head of 'stampers working eight hours' per' day 220z 15dwt. of amalgam has been'taken off the plates; 150 loads hate:been taken to the bat. tery, > The. rise is now through -tlj» aorthorn Bldo- ot tha BBur, :':■"-.;-,;. ■:■ ■ '.-'■.•.-■■' ."■■• -f-l