COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 869, 15 July 1910, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES. Tlio transactions in investment shares recorded yesterday were Meat Export, third issue, at £3 55., Wellington Woollen, preference, at £2 10s., and Taupiri Coal at £1. Bank of Now Zealand, buyers £10 7s. 6d.; National Dank, buyers £6 Is.; Equitable Building, buyers £9 7s. 6(1.; Metropolitan Building, buyers £12; Wellington Trust and Loan, buyers £7 7s. 6d.; Wellington Deposit, buyers Bs. 3d.; New Zealand and lliver Plate, buyers £2 Cs. 6d. ; Feilding Gas, sellers £1 25.; Napier .Gas, £10 paid, buyers .£22 lCs.; Pal- ' merston North Gas, buyers £7 17s. 6d.; Wellington Gas, £10 paid, buyers £18 10s., £6 15s. paid, buyers £13 12s. 6d„ new issue, sellers £2 10s.; National Insurance, buyors £1 10s.; Standard Insurance, buyers £1 4s. 9d.; Gear Meat,. £4 paid, buyers £10 55., £1 paid, buyers £2 145.; Meat Export, third issue, buyers £3 45.; New Zealand Shipping, sellers £10 Is.; Union Steam, buyers £1 14s. 6d.; Wellington Woollen, ordinary, buyers £3 55., preference, buyers £2 10s.; Taupiri Coal, buyers 19s. 9d., sellers £1; West port Coai, buyers £6 lis.; WcstportrStocktoi), buyers 6s. 6d., sellers 7s. 3d.; Leyland-O'Brien Timber, buyers £1 ss. 6d.; New Zealand Drug, buyers £2 10s.; Sharlaiul's preference,' buyers 20s. 6d.; Taranaki Petroleum, buyers lis.; Ward and Co., buyers £4 19s. THE AVOOIj SALES. Tlio latest reports regarding the London wool sales are encouraging. The gale continues animated, and prices are-firm for all classes of wool. The market, is receiving its main support • from British manufacturers, who' no doubt, recognise the advantage of buying now whilo Tallies comparatively 4ow< Tiogo jituv

bought wool in New Zealand for resale in London at the current sales are reported to be making losses. It is probable that the carry-over, especially of coarse wools, is likely to be large. CUSTOMS REVENUE. Customs revenue collected at Wellington yesterday amounted to £1996 19a. 9d. UNION BANK DIVIDEND. By Telegraph—Press Association—Copyright. Lonaon, July 13. Tho Union Hank of Australia lias declared a. dividend of ten per cent., and a bonus of two per cent., set aside £10,000 towards bank premises in tho colonies, added £20,000 to reserve, and carried forward £39,000. AMERICAN WHEAT. Tho American visible supply of wheat east of tho ltockies is estimated at 24,385,000 bushels. TALLOW. By Telegraph—Press Association—Copyright. ' London, July 13. At tho tallow sales 1469 caskß were offered, and all sold. Prices realised .were:— Mutton, fine, 385.; medium, 355.; beef, fine, 36y ,9a.; medium, 345. SILVER. By Telegraph—Press Association—Copyright. London, July 13. Silver is quoted at Zsd. per ounce standard. LONDON , WOOL SALES. By Telegraph—Pross Association—Copyright. London, July 13.' The wool sales continued animated. Priccs for all descriptions are firm. The home trado is taking the bulk of tho offerings. Tho offering totalled 7605 bales, including 5350 from New; Zealand. It was a, miscellaneous selection. There was a large attendance of buyers, and keen bidding, and the market was unexpectedly Arm, though occasional lots of shabby crossbred sold at prices in favour of buyers. Slipe was from Id. to Id. per lb. below tho closing rates of the May sales. Mesirs. Murray, Roberts, and Co., Ltd., have received the following message: "Tho sales have opened with a large . attendance of buyers and good competition. A poor selection is offered, but the market shows no material change except for scoured and sliped crossbred wools, which are a shade lower." AUSTRALIAN PRODUCE MARKETS. By Telegraph—Press Aasocia-tion—Copyright. (Ree. July 14, 11.25 p.m.) Sydney, July 14.Wheat is Arm; buyers, 3s. 7d. 3s. 7Jd.; sollers, 3s. Bd. Flour, £8 15s.' Oats, Algerian feeding, 2s. to 2s. 4d. Barley, Caps feed, 3s. to 3s. 2d. Maize, 2s. 7d. to 2s. Bd. Bran, £4 ss. Pollard, £4. Potatoes, Tasmanian, £7 15s. Onions, £4 10s. Butter, 1225. Cheese, 6Jd. Bacon, 6£d. Melbourne, July 14. : Wheat, 3s. B*d. Flour, £8 10s. Oats, Algerian milling, 2s. lid.; feed, Is. lOd. Barlcy, English malting, 4s. 3d.; Cape, 2s. sd. Maize, 2s. 3Jd. Bran and pollard, £4 10s. Onions, £3 10s. Potatoes, £6. Adelaide, July 14. Wheat, 3s. sd. Flour, £7 16s. 6d. Bran, £11 10s. Pollard, £11. Oats, Algerian, Is. lid. MELBOURNE HIDES MARKET, By Telegraph—Press Association—Copyright (Ree. July 14, 11.10 p.m.) Molbourno, July 14. Hides.—Competition is dull, and ouotattions are fully a farthing lower in all classes. LONDON MARKETS. The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London house, under date July 13Wheat.— An Australian cargo has been sold at 345. 3d., c.i.f. l'he market is firm, but there is a very unsettled feeling, owing to unfavourable crop reports, and tho outlook is uncertain. Oats—Gartons, 18s.; Sparrowbills, 175.; market quiet, but steady. Tallow—Wo quote present spot valueß for tho following descriptions:—Good mutton, 365. 6d. per cwt.; good beef, 355. 6d. per cwt.; mixed, 335. 6d. per cwt.; market active." aO. AND D. CO. By Telegraph—Press Association—Copyright. Napier, July 14. The O.C. and D. Company to-day cabled tho following report:—"Frozen Meat—Owing to heavy stocks, tho market is depressed, and there is a further fall in value for all frozen meat, especially beef. To-day's prices are:—Canterbury, mutton, 3?d.; Napier, Wellington, and North Island, 3Jd, Lamb—First quality, 51d.; second quality, Ed. Beef—Hindquarters, 3£d.; forequarters, 28d."