COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 859, 4 July 1910, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES. There were no transactions in investment shares on Saturday. Bank of New Zealand, buyers £10 15s. 9d.; Equitablo Building, buyers £9 55.; Metropolitan Building, buyers .£l2; Wellington Trust and Loan, buyers £7 4s. 6d.: Wellington Deposit, buyers Bs. 3d.; Fcilding Gas, sellers £1 25.; Gisbomc Gas, buyers £2 12s. (A.; PalmcTston North Gas, buyers £7 155.; Wellington Gas, £10 paid, buyers £18 10s., £6 155., buyers £13 12s. 6d.; Standard Insurance, buyers £1 4s. 6d.: Chriftchuroh Meat, sellers £13 55.; Ceai' Moat. £4 paid, bnyers £10 Is., £1 paid, buyers £2 13s. 6d.; Meat Export, third issue, buyers £3; New Zealand Shipping, buyers £9: Union Steam, buyers £1 13s. 6d.; Wellington Woollen, ordinary, buyers £3 55.. preference, buyers £2 9n. 6d„ sellers £2 10s.: Taupiri Coal, buyers 19s. 9d.: Westnort Coal, buyers £6 10s.; I.cyland-O'Hrien Timber, buyers/£1 ss. 3d.; Manning and Co., sellers £4 Is.: New Zealand Drue, buvcrs £2 9s. 6d.; Taranaki Petroleum, sellers 12?.; Ward and Co., buyers £4 17s. 6d., Ueilere £4 19s.

THE MONEY MARKET. The Bank of Ennland figures. published on Saturday. exhibited considerable strength, and the bank bad the market well under control. Lombard Street had to rely upon the central institution for funds to meet the end of the quarter commitments, and the discounts and advances increased from £33.806.000 to £42,632,000, an expansion of £8,766,000 ou the week. This, together with other calls, have brought about an increase in the deposits from £40,017,000 to £50.461.000. The iiKiiros avo abnormal, and will rijilit themselves this week. In the meanwhile it is intercstiiifT to note that tho metal reserve is well maintained, and the Government deiiositr are still very laree. During the ourren; month the Government will retire Treasury bills to the amount Sf £9,000,000, which should give further ease to the market. Tho discount l-aio for three months' bills declined in London to the client of Is. 3d. nor cent., but the call rate was, for obvious reasons, much higher than in the previous week.

CUSTOMS REVENUE. Customs revenue collected at Wellington on Saturday amounted to £1120 10s. sd. The total for the week was £17,433 15s. scl„ beer duty £176 3s. FEILDDSG MABKET REPORT. Messrs. A. if. Atkinson and Co.. Ltd.. of Feildiug, report on Friday's sale as follows:—A moderate yarding of nigs came forward, and there was a rising market with good inquiry all round, ,wcaners being particularly in demand and keenly sought after. The poultry pens were well filled, with good prices for good table birds ami nutlets. Some mood horses were offered. Barley was in slack demand, soiling at 2s. 6d. to 2s. 9d. Good inquiry existed for seed Algerians for spring sowing. Pig potatoes and carrots were in short supply" and selling well. Ouat^ion.-.:—PiKn: Slips. 12s. 6d.. 135.. to 14s. 6d.; small stores, 14s. 6d.. 15s. 9d.,.,t0 ISt-. 6d.; light porkers, 16s. 3d.. 17s. 6dif to 18s.; medium weights, to 265.; sows, to £3; dogs, 3s. 6d. to 10s. Horses: Harness I'ony, £8; 18-montlis colt, £3 35.; aged horses, 16s. to 40s. Poultry, at ner pair: Hens, 25., 2s. 6d„ to 2s. 9d.; pullets, 2s. 9d. 35., to ss. Cd.; cockerels, 35., 3s. 3d., is.. 6d., to 45.; ducks, 4s. to <?. 3d.; '.urkey henn, 7s. 6d. to 9s. Produce: Wheat. 12s. to 14s. to 16s. for prime, per sack; braai. 55.; barley, 2s. 6d. to 2s. 9d. per bushel; chaff, 4s. to 4s. 6d. bag; tabic pplatoes. Bs. to 135.; seed do.. 15s. Gd.; pie do.. 3s. 6d. to 45.; onions, 3d. to Hd. per lb.: pumpkins, 3s. per sack; factory bacon, sides 7d., hams Sid. per lb.

COLONIAL AND OTHER PHODTJCE. By Telegraph—Press Association—Copyright. (Dec. July 3, 5.5 p.m.) London, July 2. Hemp is dull, with the price ruline at about £24 10s. per ton. Copra is dull. There is a limited dcma.nd for South Sea, in bag's, at £22 per ton. Cotton—The Liverpool quotation for middling upland American cotton. JulyAugust shipment, is Y.48?,d Rubber—Fine, hard Para rubber, on spM. is quoted at 9s. lid. per lb. Babbits arc firm, owinpr to the cooler weather and light arrivals. Larce Sydney arc riuoted at 15s. fid. to 165.. ei store. Rabbitskins.—At the auctions 2180 bales were offered and 1956 sold, the sreatest decline being in lieht skins. There was no demand for furriers'- descriptions.

THE METAL MARKETS. By Telegraph—Press Association—Copyright. London, July 2. Kilver.- Car silver is quoted at 24id. nor ounce standard. Coppcr.-On snot, £54 12s. 6d. per ton; three months. .£55 7s. Cd. The supplies in June amounted to 35,250 tons, and the deliveries to 38.180 tons. The stocks at the close of the month totalled 103.957 tons, allonfc 7275 tons. Tin.-On spot. £149 15s. nor ton; three months, £150 Ms. Stocks total 16.452 tons; on spot 6173 tons, afloat 3913 tons; deliveries 2839 tons.

FROZEN MEAT. Tho New Zealand Loan and Jforeantilo Agency Company. Limited, have received this followim; cablesram from their London house. . under date July I:—"The market for frozen mutton is depressed; lamb has a downward tendency: arrivals of heef are in excess of trade requirements." -' Messrs. Da'ccty and Company, Limited, report havinc received the fol'oMrine eahlo ndvlces from London, under date .Tulyl:— Frozen meat: There is less demand, oirmrt to- unfavourable weather.. Frozen mutton and lamb: Lii-ht—Prices are Arm at Inn cmotation. heavy boins M. to sd. pot lb. lower. Deef: Hinds id. lower, fores 3d. lower.

TARANAKI OIL. (By TeleEraDh-Prcia .-> nnrlatlon.l Now Plymouth, July 3. T?hc Petroleum Company's No. 2 wcl! yielded fully twenty barrels of oil between < o'clock yesterday afternoon and 8 o'clock this morning. Tho shareholders ivro- expressing eeneral readiness to find more capital to erect a refinery and sink more wells.