COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 871, 18 July 1910, Page 10

COMMERCIAL ITEMS.

INVESTMENT SHAEES. On Saturday transactions recorded in investment shares were as follow:—Westport Coal, £6 12s. and £6 12s. 6d.; LeylandO'Brien Timber £1 6s. 3d., Manning and Co. £4, and Taringamutu Totara £1 IDs. Bank of New Zealand, buyers £10 7s. 6d.; National Bank, buyers £6 Is.; Equitable Builc.ing, buyor-3 £9 JOs.; Wellington Trust and Loan, buyers £7 Bs.; Wellington Deposit, buyers Bs. 3d.; New Zealand and ltivcr Plato, buyers £2 Os. 6d.; Feilding Gas, sellers £1 25.; Napier Qas, £10 paid, buyers £24; 'Paluierstoii A T orth Gas, buyers £8; Wellington Gas, £10 paid, buyers £18 lCs., £6 15b. paid, bus'ers £13 12s. 6d., now issue, sellers S.Z 10s. premium; National/ Insurance, buyers £1 10s.; Standard Insurance, buyers £\ 55.;- Christ church Meat buyers £12 18s.; Gear Mi-at, £4 -paid, buyers £10 55., £1 paid, buyers £2 145.; UiiioTi Steam, buyers £1. 14s. fid.; Wellington Woollen, preference, buycre £2 IDs. 6d.; Taupiri Coal, buyers £1; Westport Coal, buyers £6 125., sellers £6 155.; Westport-toekton,' buyers 6« 9d., sellers 7=. 3d.' Leyland-O'Brien Timber, buyers £1 ss. 9d,; New Zealand Drug, buyers £2 10s. 6d., sailers f>2 125.; Saarland's preference, buyers £1 Is.; Tariiigamutu. Toiarn. Sawmills, buyers £1 Bs. THE LAST WOOL CLIP. The review of tho Australasian wool trade, compiled by Messrs. Dalgety and Co., Ltd., shows that,the statistical year, which closed on June 30 last, has boon generally the most satisfactory period in t.iitt history of the industry. The magnitude of operations can be gathered from the fact that no fewer than 2.434,643 bales of wool, or nearly 817,0C0,C001b., were exported from Australasia, during the past year. The value of the oversea shipments is placed »l. thu record llitwro- "I £331 , B > 06, an ificrea.se of. £7,177,584, as compared with the exports of tho previous year. ' One notable feature of the period under review was the largo proportion of the clip that was sold in the local markets. In all 1,889,745 bales were sold In Australasia; or about 77 per cent, of tho total marketed. Values for all grades of wool liave been on a high plane, with the result that the average price per bale sold in Australasian markets was £13 Us. in., or £2 ss. 4d. more per bale than in the previous win. Tlw »oLnl >ulilo nf rhu 1,889,745 bales sold locally was £25,712,774. It is stated that the (locks in the Commouwe.iltli and New Zealand increased during tho year by 6,179,614 litad, bringinf; the total un to 115,52!>,581 head, a higher number than at any period, durins the nnst 16 vears, and approaching the record of the year 1891, when the figures reached 124,991,920. Not only have numbers increased, but the sheep continue to improve, r.-j Iβ bliowii Ijy thu lad thaL though there were more- sheen to shear 16 to 20 years ago, tho past clip has easily coltp«t'd nil previous' records, 'i'ho actual oversea shipments of wool during, the 12 mo'iths r.iu'i nmotmteil to 1,921.705 brvles from Australia, iukl 512.933 bales from Now Zealand, :t 'Mai of no fewor than 2.43<i,643 b'lles or 816 G61,6651b.. valued at £33.128.496, an ."inoreaeo of 146,539 bales., or 60,271,50211)., and tn money value of J57.177.584, -as (-om-n.-.red with "lie ronord clip of tho previous, 1908-9. sca-wn. This result is nJI the more BtrtUljifi u hen ii ,im re.'lliHfd Uiat the two million ha.lcß limit was reached for tho first time in tho year 1906-7. and that the nn/st year's (ietiro-s nre iioarl.v double tlioyo of "the year 1903-4. could be no better proof of tho marvellous recuperative powers of this country, from which the export- , ! of other products have Increased Sh n-Imoal Hhu manner Dalgety's "Review" also gives the following point; -.-The average value per lb. of nil tho wool nuld in Aiittrnlnsla nurniE; tho ycir was 9Jd.. an .compared with 81d. last your, and 9id. during 1907-8. The- average weight per bale of tho past clip, as dealt with in Australasian markets' has amounted to 33E.51b.. as air.'ii/ist. 330 61b. during the nrcvions season, 333.71b. in UID-β. and 339.711). in J. 906-7.

Dividing the total number of sheep dcnasturinß in tho Commonwealth and New Zealand-namely, 115,600,00U, into the lie I weight of wool produced, including that used for local manufacturers, in nil 833,611,6651b., it will bo seen that tho averago weight of wool produced per Head wjrks "uut at 71b. 40?.., which compares with 61b. ltoz. in 1908-9, and 61b. 9oz. in 1907-8. Tho average monetary return haß been sa. 10d. per bead of sheep and lambs, as against 4s. 9d. per head for tho previous season, and ss. Id. in 1907-8. Tho past clip was composed of 74 POT cent, of merino growth, and 26 per cent, of crossbred, as compared with 76 per cent, and 24 per cent, respectively for tho previous season, and 78 per cent, and 22 per cent, for the year 1907-8. The average value per bale of all tho wool Bold in Australasia during the past 12 months was £13 12s. 2d., ae compared with £H 6a. IOU. lor the preriout; year— an increase of £2 ss. 4d., or 20 per cent. The average for 1907-8 was £13 On. 2d. per bale. The total quantity of wool fold in local markets has been 1,889,745 bales, or 77 per cent, of the total exportable- production. CUSTOMS UEVENUE. Customs revenue collected at Wellington on Saturday amounted to £1585 12s. Id. Tho total for the week was £20,232 3s. 2d., beer duty £176 14a. FEILDING MARKET REPORT. Messrs. A. Atkinson and Co., Ltd., of Feilding, report good all round entries at Friday's market, and brisk business. Pigs were- in keen demand, and a good entry forward. All descriptions sold well above reserves, and there is a keen inquiry for weancrs. In poultry there is great demand, for young birds. The entry was a medium one only, and we oould have Bold as many again as were penned. Prices all round were much above late rates. No entry in turkeys was made, though demand exists. Onions are selling well, but potatoes are moving slowly. We quote:—Pigs: Slips, 10s., 135., 13s. 6d., 14s. (culls, ss. 6d.); stores, 155., 15s. 6d., 16s. 6d., 19s. to 205.; light porkers, 215., 225. 6d., 235., 255. 6d.; 265. 6d.; 285.; medium weight, 30s. to 365. 6d.; sows, to £3 Is. Poultry, at per pair: Hobs, 2s. 9d., 35., 3s. 3d. to 4s. 6d.; cockerels, 35., 3s. 6d., 3s. 9d., 45.,' 4s. 3d. to 4s. 6d.; roosters, 3s. 9d. to 65.; duclis, ■45., 4s. 3d., 4s. 6d., to 55.; no turkeys forward. Produce: Pumpkins, 3s. to 3s. 6d.; onions, 3d. to Id. per lb.; table potatoes, 9s. to 135.; seed do., to 13s. 6d.: pig do., 3s. 9d. to 45.; Garton oats, 2s. 9d. to 35.; Algerian do., 35.; barley, 2s. 7d. to 35.; dessert apples, 9s. per case; factory bacon, sides! 7d.; hams, BJd. FHOZEW MEAT. (Eeo. July 17,' 5.5 p.m.) London, July 16. The Frozen Meat Trade .Association's Bmithneld market 'quotations for tho undermentioned classes of frozen meat are based on actual sales of not less than one hundred carcasses of mutton or lamb, itnd 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 tho Bhip. nients now on tho market. Tho prices which folloi? are on an average a farthing per lb. more than tho value ex ship, this difference representing an arerago cost in .expenses,, handling, conveyance, and selling the meatsJuly 9. July 16. Mutton- d. d. Canterbury, light 33 38 Canterbury, medium 3jj 3j Canterbury, heavy „ 33 3 5-16 Southland — — North Island, best 3 9-16 3} North Island, ordinary 3 9-16 33 Australian, light 3 23 . Australian, heavy 3J 3 Eiver Plate, light 31 3J Elver Plate, heavy 3} 3-j ■ Lamb— Canterbury, light 5} 5 Canterbury, heavy 43 4J Canterbury, medium 5j ' 415-16 Southland 5} 43 North Island, selected ... 5J 42 North Island, ordinary 61-15 4| Australian, best 4J 41 Australian, fair .'.. 4J 4 Australian, inferior ' — — Kiver Plate - ■ - BeefNew Zealand, ox fores .. 28 2j New Zealand, ox hind 3.. 3 5-16 3J Australian, ox fores 2{ 2} Australian, ox hinds 3J 3 Hivor Plate, ox fores 2\ 2} ■ Eiver Plate, ox hinds ..31 3 Tho New Zealand Loan and Mercantile Agency Company, Limited, have received tho following cablegram from their London house; -under date July 15:—Frozen Meat.—"Market weak. Decline is something in 'the nature of a collapse, and the market still continues weak, with a drooping tendency." BABBITS. The market is firm and unchanged. HEMP. The market is lifeless: COTTON. The Liverpool quotation for American middling upland cotton is 7.52 d. per lb. SILVER. By Telegraph—Press Association—Copyright. London, July 15. Silver is quoted at 25Jd. per ounce standard. LONDON WOOL SALES. Tho Bank of New Zealand received tho following cablegram from London, dated July 15:—Prices for slipes, inferior, aro lower 5 per cent, to 7i per cent.; merinos and coa,vso crossbreds, scoured Inferior, are id. to Id. per lb. lower. Coarse crossbreds have risen par to 5 per cent. Current prices for- South Island farmers' lots, Canterbury stylo: Inferior merino common 60/64's .quality, 10d. to IOJd- per lb.; superior merino, super, 60/64's quality, 12d. to 13d.; half or quarter-bred 56's quality, average condition, 12d. to 13d. per lb. For all lijnda of sheepskins, prices are lower, pax to 5 per cent. Average current prices for good-quality skins: Merino full-woolled, 9d.; merino, short and shorn, 5d.; crossbred, full-wool-Icd, fine, 103 d,; crossbred, full-woolled, coarse, 9d.; crossbred, .half and three-quarter-woolled, fine, 9d.; crossbred, half and three-quarter-woolled, coarse, Bd.; crossbred, short and shorn, 6d. Abraham and Williams, Limited, have received tho following cablegram from their London agents, dated July 12:— "Pine crossbred and merino unchanged; medium and coarse crossbred, 5 per cent, down " . Messrs. Murray, Eoberts, and Co., Ltd., have received tho following cable message from their London agents, Messrs. Sanderson, Murray and Co., dated July 15:—"The market is weaker, and compared with tho closing ratqs of the last London sales has declined 5 per cent., inferior descriptions showing a decline of from 5 to 7J per cent.