COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 875, 22 July 1910, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHADES. A sale of Bank of New South "Wales I shares at £46 was tho only transaction recorded yesterday. Bank of New Zealand, I buyejrs £10 10s.; National Bank, sellers £6 Is. ex dividend; Equitable Building, I buyers, £9-10s.; Metropolitan Building, I buyers £12; Wellington investment, buyi crs lis. 3d.; Wellington Trust and Loan, ; buyeau, 7s. 9d.; Wellington Deposit, buyers j Bs. 3d.; National Mortgage, buyers £3 35.; New Zealand and liiver i J late, buyer's £2; New Zealand Loan and Mercantile, sellers 12s. 6d.; Feilding Gas, sellers £1 25.; Wellington Gas, £lu paid, buyers £18 10s.; £6 15s. .paid, buyers £13 12s. 6d.; new issue, sellers £2 10s. premium;. G-ear Meat, buyers £10 ss. and £2 14s. for the respective issues; Meat Export, £2 12s. 6d. paid, buyers £3 45.; New Zealand Shipping, sellers £10; Wellington Woollen, ordinary, buyers £3 55.; Taupiri Coal, buyers £1 Ds. 6d., sellers £1 Os. 9d.; Leyland-O'Brien Timber, buyers £1 6s. 9d.; New Zealand Drug, buyers £2 lis.; New Zealand Portland Cement, buyers £1 175.; Sharland's. preference, buyers £1 Is.; Taranaki Petroleum, sellers lie.; Taringainutu Totara Sawmills, buyers £1 Bs. INDUSTRIAL ACTIVITY. The complaiut in New Zealand to-day is that there is a want of enterprise, and the capital that the New Zoalaud producers have accumulated is lying idle in the banks, or, at best, is producing a very low rate of interest on fixed deposit, instead of being invested in industrial and other enterprises for the further development of the country. In Australia quite a different state of affairs prevails. Quite a number of big enterprises are being launched with tho objcct of operating in the Commonwealth in 1 different spheres. Among the more important are several oil companies, a company to breed and export horses, a company to freeze and export meat, all to operate in Queensland and New South Wales, and a compauy to exploit mineral fibre in South Australia. In addition, there are' several companies operating, partly with Australian and partly with British capital, which contemplate the the exploitation of Papua. Then there is the Bovril Estates Company, which has acquired an immense tract in tho centro of Australia, where cattle aro to be raised. The very latest is a proposal to establian a new sugar, refinery in Queensland, to work' in conjunction with a combination of existing mills. CUSTOMS RETUENS. Customs revenue oollected at Wellington yesterday amounted to £1738 12s. 3d. LONDON WOOL SALES. By Telegraph—Press Association—Copyright. London, July 20. At the wool sales there was good competition for all sorts. Prices were well maintained. Wool.—'"Gear" top, lid:; average, 93d.; "Maaonpe," 14£ d. and 14d.; "Logan," 15d. and 143 d. ; 1 Messrs. Levin and Co., Ltd., have received advices from their London agents that the following'clips have been sold at the sales now current, on their account. The prices named are the averages realised for the fleece wool in every instance:— TJJB (Nelson), 9gd.; AE.D (Nelson), 9 13-16 d; KAWA KAWA (East Coast), 9 l-16d.; MV (conjd.) RFil (Tcnui), 9 7-16 d.; Waitatapia (Bulls), B£d.; AGS., Gleumorven (iiunterville), 9 3-16 d.; Otauiri (lluntervillc), IQJd.; EG over N (Nelson), 9 9-16 d. TALLOW. By Telegraph—Press Association—Copyright. London, July 20. At the tallow sales, 2382 casks were offered and 822 sold. Prices realised—Mutton, fine 375. 9d., medium 355.; beef, lino 365. 9d., medium 345. ~ , SILVER. By Telegraph—Press Association—Copyright. London, July 20. Silver is quoted at 25} d. per ounce. . (Hoc. July 22, 0.30 a.m.) London, July 21. Oopper on spot, £53 16s. 3d.; threo months, £54 6s. 3d. Tin—On spot, £148 103.; three months, £149 12s. 6d. Lead, £12 lis. 3di WHEAT. By Telegraph—Press Association—Copyrißhi. London, July 20. The American visible supply of wheat is 22,058,000 bushels. Wheat—An • Australian cargo lias, been sold at 375. 3d. Tho New Zealand Loan and Mercantile Agency Company, Limited, have received tho following cablegram from their London house, under date July 20:—"Wheat.— An Australian cargo has been sold at 365. 6d., c.i.f. The market is quiet, but steady, and tho outlook uncertain, owing to unfavourable crop reports." MELBOURNE. HIDE . MARKET. Bj Telegraph—Press Association—Copyright. (Rec. July 21, 11.5 p.m.) Melbourne, July 21. Hides generally are being quoted in sellers' favour. AUSTRALIAN PRODUCE MARKETS. By Telegraph—Press Association—Copyright. (Itec. July 21, 11.5 p.m.) Sydney, July 21. Wheat is "very firm, aud shippers are offering 3s. lOd. to 3s. 10id. Holders are wanting 3s. llid. to 4s. i'lour is quiet at £9. Oats, Tasmanian, 2s. 6d. to 2s. 7d.; Algerian feed, 2s. 2d.;, milling, 2s. sd. Barley Cape, 3s. to 3s. 2d.; maize, 2s. Bd. Bran, £4 ss. Pollard, £4. Potatoes: Tasmanian, £8 55.; Victoria, £6 to £7; onions, £4 10s. Butter, 1225.; cheese, 6d. to 6|d. Bacon, 6d. to 6£d. Melbourne, July 21. . Wheat, 4s. Flour, £9. Oats: Algerian milling, 2s. ljd.; feed, Is. lOd. Barley: Cape, 2s. 6d.. Maize, 2s. 4di; bran and pollard, £4 10s. Potatoes, £6 ss. Onions, £3 10s. v. Adelaide, July 21. Wheat, 3s. lOd. Flour, £9. Bran and pollard, 16. Oats, Algerian, Is. lid. FROZEN MEAT MARKET. (By Telegraph.—Press Association.! Napier, July 21. The C.C. and D. Company to-day cabled the following report:—"Mutton and lamb market continues weak,. and values declined. Beef market improved slightly. To-day's prices:—Mutton—Canterbury, 3*d.; Napier, Wellington, and North Island, 3sd. Lamb—First quality, 5Jd.; second, sd. Beef —Hinds, 3id.; fores, 2£d."