COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 860, 5 July 1910, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES. A sale of Dank ot New Zealand shares at £10 7s. fid. waa the only business in investment shares recorded yesterday. National llanU, buyers £6 Is.; Equitable Building, buyers £9 55.; Wellington Investment, buyer* llfi. 3d.; Wellington Trust and Loan, buyers £7 45.; Wellington Deposit, buyers Ug. 3d.; Feilding Gas, sellers £1 25.; Palmcrston North Gas, buyers £7 155.; Wellington Gas, £10 paid, buyers £18 10s.; Standard Insurance, buyers £1 4s. 6d.; Gear Meat, £4 paid, buyers £10 Is.; £1 paid, buyers £2 13s. 6d.; Meat Export, £2 12s. 6d. paid, buyers £3; New Zealand Shipping, buyers £9; Wellington Woollen, ordinary, buyers 3 55.; preference, buyers £2 9s. Gd., sellers £2 10s.; Lcyland-O'Brlen Timber, buyers £1 ss. 3(1.; New Zealand Drug, buyers £2 9s. 6d.; Taranaki Petroleum, sellers 12s.

LONDON WOOL SALES. Tho next London wool sales begin on Tuesday of next wccU, and the probable course of the market is not without interest. A period of quite two months will have run between tho closing of the May sales and the opening of the July sales, and the quantity likely to be availablt, taking in the carry-over, will be about 185,000 bales. No great quantity of highclass wool, either merino or crossbred, can be looked for,, because as a matter of l'act the July sales will, to a large extent, constitute the elosing up of the season 190910. At a recent date the trade prospects in Europe wery extremely satisfactory. There was a little uneasiness in German* spinners there complaining of the difficulty of placing fresh contracts for yarn. In France the trade was never in a better aJid more hopeful position, and much the same" might be said with respect to England. The one weak point in the genera) situation is America, and in that quarter there does not appear to be any sign of improvement. At the May sales «ome small shipments from Australasia, en route to Boston, were intercepted and sold at the auctions. It is unlikely that shipments will be sent over from Boston to London, because the holders of the wool are in a position to continue holding. But Amcrican buyers may, probably will, be absentees from the sale; in which ease no improvement in values can be expecied. Fiue wools, of which there is certain to be a limited supply, will hold their values, but we are not so sure about coarse wools. The recent quotations for Bradford top* show that the lower counts have suffered a. slight relapse.

CUSTOMS BEVENUE. Customs revenue collected at Wellington yesterday amounted to £1094 Is. 3d.

WELLINGTON MARKET REPORT. Messrs. Laery aud Co., Ltd., Wellington, report wholesale prices ruling on the markets:—Wheat, fowl, -3s. fid. to ,ss. Bd.j feed oats, 2a. sd. to 2s. 7d.; dun oats, 2s. 7d. to 2s. 9d.; seed oats, 2?. lOd. to 35.; Algerian oats, 2s. 7d. to 2s. 9d.; mai2c, 3s. 6d. to 3s. Bd.; crushed malt. 75.; fowl barley, 2s. 9d.;Capß barley seed, 35.; Dour, New Zealand £9 15s. to £10; peas, Prussian blue 6b. 3d., split £18; bouedust, £5 155.; superphosphates, £5 to £5 55.; pollard, £6 10s.; bran, £4 ss. to £4 10s.; pearl barley, 155.; basic slag, £4 10s.; chaff (oatensheaf), £4 15s. to £5 55.; oatmeal, £1210s.; potatoes, table £6 10s. to £7; Tasmanian TJp-to-dates (seed), £7 to £7 10s.; Beauty of Hebron, £7 10s. to £8; Carmen, £7 155.; onious, 4s.6d.cwt.; molasses fodder, £5; ba-con (factory), sides 7id., ba-ias 9d., rolls, Bd.; butter, prime bulk, lOd. to lid. Poultry, hens, 3s. 6d.; ducks, ss. to 6s. per pair; turkeys, gobblers IBs. to 205., hens 10s. to 145.; fresh eggs, is. 4d. per dozen;- preserved eggs, Is. id. per dozen; cheese, s*d. per lb.; Akaroa ma-chine-dressed cocksfoot, 7d. per lb.; farmers' dressed cocksfoot, sd. per lb.;ryegrass, 4s. 6d. per bushel; Italian ryegrass, 3s. 6d. to 4s. Gd. per buchcl; white clover, 70s. to 755. per cwt.

FROZEN MEAT. Ry Tclesraph—Pre«9 Association—Copyright London, July 3. The Froxea Meat Trade Association's Smithficld market quotations for the undermentioned classes of frozen meat aro based ou actual sales of not less than ono hundred carcasses of mutton or lainh, and Lwenty-fivo Quarters of beef of fair average quality. The quotations aro not for selected lines, but for parcels fairly representative of the bulk of tho shipments now on tho market. Tho prices winch follow aro on an average a farthing per lb. more than the value ei ship, this difference representing an cost in expenses, handling, conveyanco, and selling tho meat:— June 26. July 2. Mutton— d. d. Oauterbury, light 3g 3a Canterbury, medium 33 3*5 Canterbury, heavy 3£ 37-16 Southland — — North Island, best 38 38 . North Island, ordinary ... 3J 3$ Australian, light 3.} 3J Australian, heavy 3?i 33 River Plate, light 33 3g River Plate, heavy 34 34 Lamb— Canterbury, light 5 9-16 5 7-16 Canterbury, medium 5i 53 Canterbury, heavy 5 3-16 Southland 5 5-16 5 5-16 North Island, selected ... 5 5-16 5 5-16 North Island, ordinary... 5J 5J Australian, best 4X Australian, fair 43 43 Australian, inferior — — 'liivcr Plate — — BeefNew Zealand, ox fores ... 38 New Zealand, ox hinds ... 4J 3$ Australian, ox fores 3} 2^ Australian, ox hinds 4 33 River Plate, ox fores 3} 21 River Plate, ox hinds 4 38

TALLOW. Br TelesraDh—Press Association—Oonrriirhl London, July 3. Tallow:—Stocks total 5075 tons; imports, 1572; deliveries, 3014. LONDON MINING QUOTATIONS. By Telegraph—Press Association—Copyright. London, July 3. The 'Stock Exchango quotations are:— Waihi, buyers £7 10s. 9d., sellers £8 Is. 3d.; Junctions, buyers 435. 9d., sellers 445. 3d. HIGH COMMISSIONER'S CABLE. Tho Commerce and Tourists' Division of the Department of Agriculture, Commerce, and Tourists, had received the 4'ollowing cablegram from tho High Commissioner, dated London, July 2:— Mutton.—The market is slightly weaker, with less demand. Canterbury is quoted to-day at 3i£d. per lb., North Island 3^l. Lanib.—The market is weaker, and tendency dowuwards. In anticipation of large shipments arriving, buyers are not inclined to make forward purchases of lamb at present prices. Canterbury to-day is quoted at s£d. per lb.; other than Canterbury, 5Jd. Beef—The market is duU; supplies aro increasing. New Zealajad hinds 3jd., fores 3J,d. per lb. Buttcr.-The market is steady, and prices well maintained for best quality. Choicest New Zealand butter to-day, 109s. per cwt. Cheese.—The market is steady. There is a fair* demand for better grades—White, 575. 6d. per cwt.; coloured, 555. Hemp.—The market is lifeless. New Zealand good fair, on spot, per ton, £24 55.; lair grade. £22 Ids.: fair cm-rent Manila, per ton, £21 10s.; forward shipment, New Zealand, good fair,- £24; fair grade, £22; fair current Manila, £21. The output from Manila for the week was 29,000. bales. , Kauri Gum.—The market is quiet, but steady. Ordinary to fair, three-quarter scraped, 1705.; fair, half-scraped, 102s. 6d.; brown, fair half to three-quarter scraped, 905.; brown pickings, common to good, 455.; bush, fair to good, pale and amber, scraped, 170s. Wheat.—The market is weak and inactive. New Zealand long-berried wheat, on spot, ex granary, per quarter of 4961b., 325. 6d.; New Zealand short-berried, ex granary, per quarter ol 4961b., 31s. 6d. Oats.—The market is flat, and there is scarcely any demand. New Zealand oats, short sparrowbills, ex granary on spot, per quarter of 3841b., 17s. 6d.; New Zealand oats, Danish, ex granary on spot, per quarter of 3201b., 16s. 6(1. . Beans—The market is dull; very little business doing. • New Zealand beans, f.a.ti., new crop, per 5041b., 35m. 6d. Peas. —The market is -slightly weaker; .with less demand. New 'Zealand peas, partridge, per 5041b., 465. Cocksfoot Seed.—The market is quiet.