COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 662, 12 November 1909, Page 10

COMMERCIAL ITEMS.

: ."-.i INVESTMENT"BHARES.'; .-..,. A sale of Wellington , Meat Export,-third-issue, at iJ2.l6s.' was' the• only.-..transaction '.recorded yesterday.. National Bank,-buyers;£s 19s;; Bank oi New Zealand, buyers £9 145.,. sollers £9,-158.-; National Mortgage,, eellors £2 195.;• Wellington Investment, buyers',lls., sellers lie. 6d.;. Napier. Gas, sellers £12 -7s.- fid.; Palmerston'North Gas, Bellera £8j Wellington Gas, £6 10s. paid;.sellers £14; Standard Insurance,' buyers £1. 2s. 3d.; phristchuroh Meat,. sellore £5; Gear, Meat, £4 paid, buyers £10 sa.;'£l ,paid; buyers ■£&'. 1257 6d.; ,N.Z. Shipping," buyers-.£7; TJnion Steam, sellers'£ll3i;:6d:;'Wellington Woollen, buyers £325.\6d.; Hikurangi'Cdal.- buyern '185:.9 d.'; T»u-.piri'Ooal,-sellers ,195."6 d,; Westport Coal, sellers £6 58.'; N.Z.-.Oonsolidatcd-Dental, sellers. £1 -45.6d.'; Sharland'e.ordinary,.buyers. 195.,-eellers 20s. 9d.;.Taranaki. Petroleuin, 'buyers Ys.; -Wellington Opera/House, eellers -£7' 17s.'fid.' .\. V:-■■ './ ',■'"'." ■' .■■.;■:' '.''.BANK.' ;''-': .-.-- -Under- the-prbpoSals"to' secure increased- rerO: nue , the'note.issue of the banks;is to be ; further taxed. The rate is 2 .per .dent.- o'r.lOs. per/quarter ; on the average note' , issue,- and. this js ; tp-be increased to 15s. per cent, per 'quartof, .On the note issue of the past four, quarters the increase would be approximately £15,858 14s, ,the proportion of each bank-being as;under:-r : ■" ■''■ - '.'■.■' ~•■■:.. -,i. : v. • Increased ; ■ "'-■ i ■ ■■• '''■ -■'■:■ Notelseue. Tax.- -\- -.Bank. '.■'/.' '■ •.■..,■£-,. £■ e. &.'■' -.New. Zealand ...:...„......-,.• 3,589,500- 8,973 15 o'.. Union , '....:....;.:.-. 558,225 . 1.395.11 3 New South Wales :>™...-:....' 653,493. 1,633 15 0 Australasia'- '....;..._.-....'....'■ 531,760. . .1,329 7 9 .; National ,™i -.~,.H 1,010,518 v^2.526 , . 5 ;.O;.; '~■■.,■ .'■:■■■'.,.:' ■'■"■''•', ■ 6,343.496,. ■ 15.858 M' ; In addition to the increased note tax the basis for income tax is to be-increased so as;to; produce £14.000 per annum additional, bo that in all the banlcs will have to contribute £30,0C0 more to the' Treasury. . -'- : ''',';' :' ' ':■ :■ .'■'■:', - WOOL FEOM ALL OENTEES. ':. Tho "Manchester Guardian" of a recent date, dealings with the sources of supplies, states:— "In estimating, future Supplies tho probable, exports from South America havo to be reckoned with. Of course, according to Australian experts, there wae to have been a big decrease in shipments from the Biver Plate this year. Here are the figures up to July 1-frqm the commencement of. the season on October 1, 1908:—From Argentina and Uruguay the shipments were 540,388 bales, against 420,811 bales for-the corre : spondiiig period of the previous season, or an increase of about 120.0C0 bales,, equal -to about 240,000 balos Australian." .Nor can , the 'sheep' boom , which is now on in Southern Patagonia, Southern Chile, Tierra del Fuego,. ,and: the, islands in the Straits', of Magellan be ignored. The■ shipments from the Chilian port of PuntaArenas.are going up by leaps' and-bounds r and now form a most important' item at all the London auctions. This port is now one of the most prosperous, in tho Southern Hemisphere, and its great prosperity is due' to-the fact that it is a free port, and attracts' • all the trade from'- the Atlantic States of. Southern. Patagonia. : Darwin thought all this country worthless, but how, mistakeii he was may hei gathered from the fact, that on pne estancia near Punta Arenas-i inore, than a millioni sheep are depastured; While on 'Ilerra del Fuego itself-ono firm owns moro.than 3500(10 sheep. Sere again it is thought* by.- mett who should he the best judges ftKat- during^thenext decade the shipments of wool' VfiH bo about; doubled." ; : ■"'-".y. '• ■ ' ■ .: ' '■ •. ■'■

■"','. THE OEICAGO" BEEFVtEUSTJ, ■. v " ■ The "Eeviow ot-the.'Elvor Plate" once more calls attention to : the extension of the inluence of the Chicago meat-i ring . in. the Argentine stock markets. The latest number of this jour-', nal to hand states that "to view of the capacity,of the American Beef Trust, it.is only a matter of time before they Save the freesins-Industry in their hands, or at-all events the major; por-. tion of it. Ii \» only a-question of money, and of this they have ■ as' much as ever they want. High prices would no doubt have to be paid for the remaining/works,:• whioh are -still independent, but this would ■ soon be repaid by the trust having control of supplies in , , the consuming markets.' Buying of -the shares, of the freering' works, whose' shares are. quoted, 'has been going on steadily for some months past,and everything points to the , representatives of the Beof Trust as. being' the. If -the: ports are reopened to /the export of live cattle, it will bo tho means'of bringing about-a re-.: auscitation of a trade which a Few.years,ago was an important one. ■ Argentina "roll gain': byJ having' another outlet ;'for,. her, live stock, and. competition between th'e' freesing companies.and; live stock' exporters will ten* to-send up prices; to' the- advantage of -breeders. 'Consumers',,wilt benefit-in England'^y : having another source from which to/draw etlpplies,■ but the opening of the ports■r.will not;do> everything.; , TtieAtrnst will have tp;;he fought- all' line" and kent under control 'by • the, , government • at.jthis en£" '. .'.' Vi, ''.v.'■.'," "%'".', '; '."; / '■.'"'. '■ dustoms revenue collected' at Welliagton->es-terday. amounted to,,#J§4?.'lSs..'6cJr:' '.' ' ' ■'' -~- ■. WHEAT MAEKET. ■■;■'■ ■..•■.■ (By Telegraph—Press ABSOciition—Copyright.)' -.': ■• (Eoc. November 11, -10.30 p.m.) : . ■ '■'.•' ' .'•.'. ~-■ London,. November 11. • The American visible supply ' of ; wheat is 59,210.000 .bushels. ', .'' "•.■";', •'■■..:' \t' ." l'. %.: ■ i .. ,/,...; \. n,. ~. ...;.. "■'■';.'•■.. !:. ; .'"'..■.'■.' '";:';: .'; '.1.')...-'' . :.Loneon,'Uovember,lo. . Copper, on the.'eppt,£sß 2s. 6d. per .ton; three months;.£6o 2s. 6d.j elcctrolytic,',:;.£M IDs. .. .; ;Tin,on tho'spot,,'£l39''7s. ii'. 'per;Wn;' three: .months,-£l4l 10s. ■- . 'u ■lead, £12-18s. 9d; per.-.ton. ... :: 1'1.v..:. ~, Bar.silver, 23 6-16d.;p.er punceCv' '■''~ i ',■- - .. ' ■ "(Eec. 'Novembor U, 10.30 pirn.) . ; :, ': . •'• London, Noyembe.f.ll. ' Copper.—On the spot, ££8 Ba. 9dj'j-,th'rce"mon'thsV i£s9)l2s; 6d.:• elcctrolytio, .£6o>ss..per-:ton. ! '-.■. Tin.—On the spot, £138 12s. ti.; three 'months, .£140,-153. !' :' . ; v'.'-:.,V :•:•■■!.:,.,. ■'-Lead,.'£l3 per .t0n.:_,.,. : ,: ~ .;.;;,■. ~■ <-. . ....: : v^^allo^saiiES..^'.'','; 1 :;,. ''•'■' •'•'■■ '•■■•/ i.' ' ,■■'-■•"■'■ ■,■:■•'Uptldoii, B[pycmber 10. , .At the- tallow sales',' 728 casks'were "offered'ami' 385.501 d. Miitton, fine 365. 9d. per cwt;, medium 325...6d.;,beef, fine 345. 6d., medium Ms.:-./; . . ■', ■ ['.-''■ " AUSTRALIAN IIAEKET9.: '.'' . '.'■'■ ,'(Eec. November'll, 11.30. p.m.); , ' i:. : ■ , ■ , ' sydhoy, November'.ll.-, : 'Wheat, 4s. lid. Flour, £11. , Oats. Algerian feeding, 2s. { whito, '2s. 6d. to 2s.i 7d. Barley, Cane, 3s; to 3s; 3d.' Itaize, '4s. 3d. .Bran, £4 15s. Pollard; £5 15s. Potatoes, now, £10. Onions, Victorian, •£6 10s. to. £7.- Butter, 965. Ohcese,:7d. Bac'6h,.9d." to 10d. -.- - •■•■'■ <•■•-■ ''■ -.- ' ... '; -■.- • . Melbourne, INovember 11. ■ Wheat, 49. - 7d. Flour,, £10 15s. .Oats, Algerian, Is. lOd.; feeding offering in- abundance'at Iβ.-3d.' Barley, malting, Englißh, 3s. 9d.; Cape,Jμ. Bd.; feeding,'2s. 3d. Mate. '3s.' Bd. Bran, llid,. Pollard,"• 13Jd. -'. Potatoes, ■£2 15s.- to £3. Onions, £4 •■■'.." ' ■'■■"'? 'Adelaide, November 11. '• Wheat,'' 4s.' QA. Flour, £10: Bran,. lid.;- Pollard, lsv '-~ -.'.. ■ '' •■'■.-- '• '. .... .v ' .. - .'.:..' HIDES;MAEKET./.'• , ..,'.': (B"y'Telegraph.— Press Association.—Copyright.) ••' ;• ■'" .. (Eco.rNoyember.ll,,ll.3o. p.m.) '"■>'■:: ..' . ■/':' .-'•■.■■■'■ Melbourne, November.ll.•' . In - the • hides • market- supplies were'.■moderate, there wae-a. good ; demand, • and prices "Steady.{ ■.•'.-.... , . :' .■ •..' ■ ...' .',

1 .;.'?; .;.,■•' 0. 0. AND D.'CO.' ,' . ' ' Association.).' ,; ■ \ ' . Napier, November. 11., ■The 0. 0. and D. Company, to-day. cabled; tho following report regarding tae frozen meat maris *a - farther fair in values, today's quotations- are-Mutton: Canterbury. 4jd.; lliauler, -Wellington, and Northyo;laU.n.d,_;.W. Lainb; First;quality, <iid.; Beco.nd/..Jjd..i. Beef: Hinds, 3Jd.; fores,■ id." ■.. ■:•:/.■;■.■ .o.;-' ; v .;-;: : ..

;;■■'..: WpOL^HIDE, : ANDTAIAQ^vBALES.;.,;. ';■! . Messrs.'"Dalgety- and Conreaay,.'.;Ltd.,;Vrepprt. having held their; monthly, sale, of .wpqli'sSheepj;. , skins, hides, etc., at Falmeraton thla;weeb, when they offered a large cataloeue'to.tUe.usual'at tendance, of buyers: Competition-was v very 'keon' .and, they report a total clearance.:., Wool and hides sold .well up to last falgV:rates, although eheepskins'ot all classes showed..av.de- : cline of from Jd. to 3d. per lb.,in v ; sympathy with the feeeut London market. ■ Green" skins, at from 6d, to 9d. jier piece less sale. The following ie 'a list of the prieeev.rejilUed':—. • Wool: Crossbred" from BJd. to 9d,.;,;cbiurse.:ahd log-stained,. 63d. to 73d.; dead, from 7Jd.; orutchings; from H.-.tb sid.;.inferior crutchings, <Jd. to 43d.; looks and pieces, from, 3d.'to'sJfi-i bellies and pieces, to 4Jd-: black, ,; to's3di" SheepBkins-. Crossbred full wools, cqaree, \6ld:-to 6d.'j medium, from 7d. to 71d.; fine, to , : B}d.;'hoggets, 6d. to 63d.: dead hogcets; from • s}d. to ■ Hi.; dead, 5Jd. to i 53d.; pelW, 4d.;to 41d.; cross-, bred, broken and [damaged, from : Aii toi- s]d,; ! half wools, crossbred, sd. to 5Jd.; butchers' crossbred, at per piece, light from -ss; to 5a. , 6d.; medium, 55.9d.tb65.6d.; heavy,from.6a. 10d." to 75.; lambs, from Iβ. sd. to Is:'lod.-, pelts, la. 6d.; salted, crossbred, ,55..'6 d. '.toi 6s. Id.;, salted: lambs, 'Is. sd. to.lβ. 8d; salted pelta,"lβ: Bd. to Is. 9d/ HideE:.' No heavy oi offered; medium to light, CJd. to 6Jd.; steers, from C(l. to 6}d.; cows, best lines, 63f1.; good. 61d.,t0 65d.; wet ; and sloppy, 5Jd. to 6d.; cut, 58d.; slippy, 4d.; yearlicgß. from 6Jd. to 69d.; stags, sjd.; builb, to' W. Oa'.fskins: Best, 93d. to 10d.; medium, 9d. to 9id.; cut and slippy, Bid. to 7d.; dry calf, at each, Is ■ Sundries: Tallow, in J.ina, 21b.; horeehalr,, la. .Id.; tips, Is. 3d. per doien. rabbUnkins, 10d.. per ,Ib. - PBiyATEHOTKL'SOLD. .'• -/ : 'Messrs. Dwan Bros, report the sale of the Columbia PrWato Hotel, Lower Cuba Street,: to Mr. W. Bolton, late manager of the Hotel Windsor and Grand Hotel. The new proprietor takes possession ■ to-day... ■■ • ' )