COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 766, 15 March 1910, Page 8

COMMERCIAL ITEMS.

) INVESTMENT SHARES. > ' Quite, a number of sales of investmen shares were reported yesterday. Transactions 'tions were recorded in National Mortgag< > at £3 Os. 9d„ Wellington Trust and Loai - at £7 35.; Feilding Gas, at £1- 25.; West port Coal, at £6 25.; and Leyland-O'Briei [ Timber, at £1 4s. There were very fev auotations. National Hank, sellers £6 ss. National Mortgage, buyers £3; Gear Meat » £1 paid, buyers £2 18s.; Meat Export. £1 I 12s. 6d. paid, sellers £2 165.; Taiipiri Coal : sellers 19s. 3d.; Westport Coal, buyer's £i [ U. 3d.; Sharland's preference, buyers £ . 25.; Ward and Co. Brewery shares, selleri £5. ' PAPAROA COAL COMPANY. The Paparoa,'Coal Company is issuini ) 250 6ecoud charge debentures of £100 each , or a total of £25,000, bearing interest a i the rate of 7 per cent, per annum fre< of income-tax, to have currency up to De ' cembor 31, 1915. The debentures will rani pari passu as a first charge on , the stocl and book debts of .the. company, and as •< i second charge on the properties charged ; the debentures of the £44,000 issue. ' Th< company's output of coal ig. at presen about' 1200 tons a week. - To~make fulle: use of the appliances which' are providct for an output of up to 1000 tons a day it is essential • that. the present outpu should be increased as rapidly as" possible that satisfactory, profits may be made With this object in view, the mine work ; ings are being "extended; but to carry oi an increased output additional funds ar« necessary 'for the payment of-wages 1 stores, freights, development, and othe: expenditure in advance of col lections. • The directors consider tha £10,000 is enough to allow for these pur poses. In addition to this, it is desirabli also to provide for opening out, later on a bituminous seam, to be available for thi gas-making trade, to purchase • a storage . hulk, and to establish coko ovens ant other, accommodation, for which it is con sidered £15,000 will- be required, making a total of £25,000. Applicants for the, de bentures may have the option of paying . the full amount" of the debentures upor application, or of paying in two' instal ments—the first instalment of £20 per de benture to be paid'on application, anc the second instalment of £80 per debentun to be ' paid on or before, December 31 1910. Customs revenue collected at .Wellingtor yesterday amounted to £3156 3s. 4d. •• WELLINGTON MARKET REPORT. •Messrs. Leary and Co., Ltd., Wellington report wholesale prices ruling on. the market:—Wheat, fowl 4s. Id. to 4s. ' 3d. feed oats, Zs. 4d. to 2s. 7d.; dun oats, 2s sd. to 25., 7d.;'seed oats, 2s. 6d. to 2s. Bd.; Algerian oats, 2s.' to 2s. 6dl; maizo 3s. lOd. to;'-45.; crushed malt, 75.; 'fow! barley, 2s. 9(1.; Cape barley 6eed, 35.; flour New Zealand £10 15s. to £11 55., Australiar £11 10s. to £12; peas, .Prussian blue >5s 6d., . split . £17 10s.; bonedust,, £i 155.; superphosphates', £5 to'.. £5 ' 15s. pollard, £5 ss. :to £5 15s; { bran, £4'to £ 10s;; pearl barley, 155.; basic slag £4 10s.; chaff (oatensheaf), £4 to £4 10s.; oatmeal, £11 J to. £11 10s.; ; potatoes table'£3 to £6 per. ton; onions, 3s. to 4s. 6d cwt.'; molasses fodder, £5; bacon (factory), sides 6|d., hams Bd., rolls 7&d., butter, prime'bulk, 9d. Poultry: Hens, 35.; ducks,'3s.. 6d. ,to 4s. 6d. per pair; tur< keys, gdbblers, IBs. to 205., hens/lOe.' to 145.; fresh eggs, Is/3d. to 3s. 4d.; preserved eggs, Is. 2d. dozen; cheese, s?d. per lb. 10af,..6Jd.; Akaroa machine-dressed cocks foot, 6d. to 7d. per lb.; farmers' dressed cocksfoot, 4d., to' 5d., per lb.; "ryegraeo, 3s fid. 'to 4n. 6di per bushel: Italian-ryegrass 3s. . $d.'to 43.'jjd.„ per bushel; white clover 70s.£to 755. per cwt. FROZEN-; MEAT. ; By Telegraph—Press Association—Copyright London, March 12. The Frozen Meat Trade Association's Smithfield market quotations for the undermentioned classes; of frozen - meat arc based on'actual sales of not less than one hundred carcasses of' mutton or lamb, and • twenty-five Quarters of beef of fair average quality. The quotations are. not for selected lines, "but for parcels fairly representative of . • tho" bulk 'of' the' shipments now on the-.market. The pricej which follow are on an average a farthing per lb. more than the value ex ship, this difference representing an. average cost in expenses, handling, conveyance, and selling the meat:— Mar. 5. Mar. 12 Mutton— d. d. Canterbury, light — , — Canterbury, medium ......... — — Canterbury, heavy — — Southland .. —v • — North Island, best 315-16 4 North Island/ ordinary ... 313-16 31 Australian, light :• 3| 35 Australian, heavy 3 5-16 3 7-16 River Plate, light 3 9-16 311-11 ' River Plate, heavy 3$ 3$ Lamb— Canterbury, light • — •— Canterbury, medium - — — ; Canterbury, heavy — — Southland — — North Island, selected ...... 42 i 43 North-Island, ordinary ..; 4g 43 \ Australian, best'-.; 4J 4| Australian, fair t ... 4 4i Australian, inferior — -4J 4j River Plate 41 44 BeefNew Zealand, ox fores 33 33-16 New Zealand, ox hindß ...... 4& 3g Australian, ox fores' 31-16 3& Australian, ox hinds 3J 3J River Plate, ox fores 31-16 3? River Plate, ox hinds 3i 39-16 ; ' Rabbits.—The market is very flat. Byd neys, ex store; 15s. to 15s. 6d. There ari plenty offering at 12s. 6d. to 13s. for de livery early in April. COPPER OUTLOOK. The immense production of copper ii America is affecting prices, though thi 1 consumption is excellent. LONDON WOOL SALES. /HIGH PRICES FOR CROSSBREDS. 6y Telegraph—Press Asßociation-Copyrisrht London, March 13. At the wool auctions there waß goo( sale. There was a better selection oi crossbreds suitable for America, whici realised high prices. Merinos, were verj firm. The amount , catalogued to date i: 49,987 bales; the amount-sold was 46,38! bales. The New Zealand Loan and Mercantih Agency Company, Ltd., have received th< following cablegram from their Londoi house, under date March 12:—"Londoi Wool Sales.—The sales are proceeding. Ai compared with last sales closing ratei prices are lower by about 5 per cent.' foi medium and coarse greasy crossbreds. Th< demand on American account is str.icted." HIGH COMMISSIONER'S CABLE. The Commerce Division of the Depart ment of Agriculture has received the fol lowing, cablegram from the High Commis 'sioner, London, dated March 12:— The mutton'market is firm; there is'r good demand for prime ouality, bu: holders are not anxious to sell.' The-aver age price of Canterbury mutton is 43d. pci lb.;, North Island, 4d. The lamb market is. very . firm. There is a good demand for all lamb "for Easter and supplies will be moderate. Canter bury lamb is averaging 53d. per lb., ant other New , Zealand 5Jd. .

The beef market is quiet, but holders an firm and demand is fair. New Zoalanc hindquarters, 3id. per lb.; forequartcrs 3Jd. The butter market is very firm. The do mand has been exceptional, and exceeds the supply. The stock of Now Zealanc butter on hand is almost exhausted, anc is firmly held in second hands. The aver age pricc of choicest New Zealand but ter is 130s. per cwt.; Australian and Ar gentine, i 265.; Danish, 1365.; Siberian, 1255. The cheese market is firm, and price! have advanced, but buyers are cautious Finest New Zealand while cheese is aver aging 61b.; coloured, '595. fid. The hemp market is lifeless, with nc changc in prices. The stock of New Zea land hemp on hand is 198 tons. Thi week's output of hemp at, Manila wa: 19,000 bales. (Last week's quotations were Spot: New Zealand, good fair, £25; fair £24; Manila, fair current, £25. Forward Good fair, £24 155.; fair, £23 155.; Manila £24). The cocksfoot seed market is quiet, bit firm; stocks on hand are moderate. Ncv Zealand, bright clean 171b. seed, 725. pel cwt. . , . The kauri gum market is firm, with irn proved demand. Ordinary to fair three quarter scraped, £8 10s. per cwt.; fai: half-scraped, £5 55.; bush fair to good pali and amber, scraped, £8 10s.; brown half t< three-quarter scraped, 925. 6d.{2*brown pick int'S, common to good, 455. The wheat market is quiet, and pricc are slightly weaker. The oats market is quiet; a small busi ness is doing, and the tendency is in fav our of buyers. New Zealand sparrowbille ex granarv, 19s. per quarter of 3841b.; Nc\ Zealand Danish, 17s. 3d. per quarter o 3201b. The pea market is steady, without am mation. New Zealand partridge, 555. pe: 5041b. The bean market'is firm owing to re duced supplies. New Zealand beans, ole crop, 40s. 6d. per 5041b. The hop market remains firm. There i a general and active demand, and pre sperts are favourable. Arrivals of River Plate mutton and laml at United Kingdom ports during Februar: were as follow:— Mutton. Lamb. Carcasses. Carcasses London • 46,877 3,482 • Liverpool 175,093 - .8,871 Wall 1,045 1,152 Cardiff 8,438 • 987 Southampton 3,68 ft Irish ports 3,437 44 Total i.... 239.931 : 18,222 (Arrivals during jjeoruary, 1909, were Mutton, 311-,561 carcasses; lamb, 90,233 car casses.) ;