COMMERCIAL'ITEMS.

Dominion, Volume 3, Issue 797, 21 April 1910, Page 8

COMMERCIAL'ITEMS.

' INVESTMENT SHAKES. The feature in investment share transactions yesterday was the strong upward movement displayed by Taranaki Petroleum shares, which changed hands at 9s. 6d. and lis. This concern is under offer to an English syndicate, and it is obvious 1 that some speculators think that the sale will eventuate. National Mortcase sold yesterday at £3. Equitable Building, buyers• £9 35.; New Zealand Loan and Mercantile, buyers 75.; Wellington Trust and Loan, buyers £7 25., sellers £7. 45.; Folding Gas, sellers £1 25.; Wellington Gas, £6155. paid, sellers £1310s.; Christchurch Moat, buyers £11 10s.; Gear Meat. £1 paid, buyers £2 135.; New Zealand Shipnine. buyers £7 155.; Union Steam,' buyers £1 lis. 6d., sellers £1 12s. 6d.; Wellington Woollen, buyers £3 ■ 25.; . Westnort Coal, buyers £6 55.; Wcstport-Stockton, sellers 7s. 3d.;HonaEhy Bono and Twine, ■ buyers £1 2s. 6d.; Leyland-O'Brien Timber, buyers£l 45., sellers £1 4s. 6d.; Mannine and Co., buyers £4; Taranaki Petroleum, buyers lis. • LONDON WOOL SALES. Tlio third of the 6erics of London wool sales, usually referred to.as the May sales, will commence on Tuesday of next week, when about 170,000 bales will be catalogued, as compared with 177,500 bales for the corresponding sale of last year. It is difficult to say.what tho market will be like, for we have not had. any, strong features presented recently to civo an . indication. The most recent, quotations for Bradford- tops are as under:— 40's 'at ISd. «'s at 17iri. fiO's common - at 27d. tffa super ....: at 28d. Id's . ....1 at-fflKd. Sine* the close of the March sales. 40'<> and 46's have shown no variation, both grades of We and 64's are hieher by a farthing per lb. The want of movement in crossbredß may not mean anything, at the same time it must be remembered that at the March sales coarse crossbreds were weaker. The direct arrivals are now beginning to be' appreciable, and this must have some bearing on the market. - The "Manchester Guardian," writing just before the commencement of the March sales, says:—The market for all classes of wool and tops at Bradford remains firm, with an upwa,rd tendency. Prices are hbrh, .and. therefore, in the opinion of experienced ' traders, arc dangerous, notwithstanding the very bie' consumption which is going on.. Cautious traders remember . that durine: May. 1908; a top of 40's.quality .could bo bought for. less than Bd., and,.: as a matter of fact' single, transactions, for.: a .thousand packs | at. once took'.place at 7Jd. To-day tho best makers'will, sot sell below 15Jd.. • or. 1 fust double',the.' price they quoted'less than 22 .months , ago.', ; During the same, period the rise, InVirierinoa 'has also been very striking. ,;j/During May,, 1908, transactions took piace.-,ii'v,s'uper 60's at.'l92'd.. whilst towards,'.'the; end of last September' good able' to obtain. 28d; and over. Then oamd' a''.sudden and salutary .check, and prices rapidly - dropped, to 25d. and less, from which there "has ■ a recovery .; to 261 d. As usual, the very men who were most depressed when prices were at thcii lowest are now tho most confident that they jiro not at the top. Of course, it is all a question of supplies and consumption. • If our estimate of this wool-year's Australian clip.at 2,000,000 bales should prove correct, and all available statistics tend .in that direction, then tho exports of wool from the Commonwealth will have just about doubled since the,- termination of the crest drought. In tho wool-year 1903-4 they amounted to 995,000 bales only. ' ANTWEBP WOOL SALES. Br Telegraph—Press Association—Copyright (Eec. April 20, 9.25 p.m.) London, April 20. At the -Antwerp -wool sales thoro was a largo attendance, and bidding was animated. There was'< an advance of five centimes all round. ' Of 3278 bales of La, Plata offered, .1214' sold. . . ■..-■ PRICES., OF METALS. . -. (Eoc. April 20,'9.25p.m.) ' " " 1' London, April 20. Coppcr.-On the spot, £57 2s. 6d.: three .months, ..£SB 2s. 6d.; electrolytic, £60 .per ton.- '■ ,'.■;'. i? .-';•' ■?.■'. ■'. -' '.: .'.Tin.—Three montlls, £161.per.'ton. • iLcad,. £12V125. 6d.' per-'ton. . ■'■

■■. ,BANK." SHAElis'.'ANb '/DEBENTURES-.'' . . London, April 19. The following are the latest quotations: /'.-,'. Buyers. Sellers. v: Banks. . :■ '' • ■ £s. d. £s. d. AustraKsiaf. ' 1i.....:.!'..?.-.. ICB 0 0 IG9 0 0 : Union .' 63 0 0 61 0 U National of N.Z 510 0 5 15 0 Hew Zealand..... 10 0 0 1010 o Metropolitan Board of Works deben- ■■ tures," £IM. . . • :,■■'' \,^- : '■■'■',' '-sTLvmi:' :^^''^y^'-n^ Bar silver is quoted at 24 5-16 d. per ounco standard. GBAM MAEKET. ■' (By Telegraph—PressiAssociation.) Diinsdin, April 20. Oats: Prices rule about on a level with last week's Quotations. Farmers having confidence in tho market prefer in many, cases to send oats into store, but considerable quantities have changed hands during tho week •. for shipment to tho North Island. Heavy A grade gartons are in fair demand for seed purposes. • Prime milling, Is. IOJd. to Is. lid;: [rood to best feed; Is. 9d. to Is. lOd.; inferior to medium, Is. 6Jd., to Is. 7Jd.. i. . , Wheat: Prices are" about the 'same, as late Quotations. Millers are taking .;choice lines only, and merchants are not disponed to bid for any but the samO'quality. Prime milling, 3s. lOd. to 3s. lid.; extra choico ■ velvet, ■to 45.; best whole fowl wheat, 3s. to 3s. 6d.: broken and damatred, 2s. to 2s. 9d. ' "■ ' ■ - LONDON WOOL SALES. Messrs. Dalgety and Company, Limited, report having received the following cable message from their London house, under date April. 18:—"The list of arrivals is closed, and all your.' wools have arrived in time except those per Karamea. The number of bales of new arrivals amounts to 431,000, of which 270,000 bales have been forwarded direct to manufacturers at Home and abroad, leaving 9000 bales old stocks, 170.000 bales available for sale."