COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 883, 1 August 1910, Page 10

COMMERCIAL ITEMS.

\ INYESTMENT SHARES. . Sales : of Gear Meat (£1 paid) at £2 145.. 6d., and New Zealand Drugs at £2 Us. 3d. wore recorded on Saturday. The market exhibited no. changes _o£ any note. Buyers. Sellers. Sales. . £s. d. £s. d. £s. d. Bank N.Z. '.. - 11 0 0 - National Bank .... — 6 1 0 — Equitable . Building 910 0 — — Metropolitan 12 0 0 — - Woll'g'tn Deposit ..083 — — National Mortgage. 3 3 6 — — . N.Z: and Bivcr Plato - 226 — Feilding Gas - 12 0. — Palmerston N. Gas 8 0 0 — ~ — Wel'gton Gas (£10) 18 10 0 — — Wellington Gas (£6 ' 155.) 13 12 6 - - Wellington Gas (new. , issue), prem — 210 0 , — National Insurance — 112 0 • — ■ South British 3 2 6* — .' — Ohristchurch. Meat 13 10 —' —' Gear Meat (£4)' ... 10 5 0 . — - Gear Meat (£1) ... 214 0 — 214 6 Meat Export (£5) ..60.0,- -, Meat Export (£4) ..: 5 0 0 • — .. — Meat Export (£2l2s. '■'••■'• 6d.) .: ..;..:........ : 3,'7 6 311 0 - Kaiapoi Woollen ... 5' 0 0 — — W'gt'u Woollen (ord.) 3 6 0 - - W'gt'n Woollen (pre.) — 215 0 — Taupiri Coal — 10 9 — ■ Wcstport-Stockton 0 6 9 - — Donaghy lions. ..J... 1 4 0 — — • Loyland-O'Bricn ... 1 6 6 1 7 6 — N.Z. Drug ■ 211 3 - .211 3 Sharland's pref. ... 110 , — — Taringamiitu ' 19 9 V — ' ■ —. Ward and Co 419 0 - - The ciurse of sales during tho past month was as under:— ' Bank New Zealand, £10 7s. 6d., £10 16s„ £10 175., £10 18s. 6d., £11. Bank of N.S.W., £46. . , . National Bank, £6. N.Z. and Eiver Piate, £2 2s. 6d. Wellington Trust, and Loan, £7 7s. 6d„ £7 10s. .-.•■.. Feilding Gas, £1 Is.'9d.'' • Wellington Gas (£10), £18 10s. ■ Wellington Gas (£6 155.),-£l3'l2s. 6d. . - ■ Ohristchurch Meat, £13. Gear Meat (£1), £2 14s. 6d. Meat Export (£2lZs 6d.), £3 ss. ■ 3 S^iiof h iiT i Si6. £ ' 0 -. - ls -' £1 °- £1 °- £1 ° Wellington Woollen, ordinary, £3 ss. ™ r» nKI S," lr ° oll en, preference, 505., 505., ,50e., 615., 515., 625. 6d. *^ S ' P ?I t SSal'? al '' £6 "S'. £6 125.,'£6 125., £6 12s. 6d., £6 12s. 6d. ... 20 Ta 9a irl foal, 205., 205., 20s. 9d., 20a. sd.; Leylnnd-O'Brien, 265.' 3d., 265. 3d. "' ■'. . Manning and Co., £4, £4, £4, £4. . N.Z.;'. Drug, 525. 2d., 51s. 3d. T.irhnaki Oil, 10s. , : TaringamtiMi Totara, 30s. Auckland Tram (ordinary), 23 s :'Ja. ' •INStJKANOE AMALGAMATION. When the last- mail left London there were 'rumours bt an impending amalgamation of two big insurance companies. Tho "Financial Times" of' 1 June .18 stated its belief.-that the. director's of the Atlas Assurance, Company and of the Phoenix Assurance Company wcro discussing tho terms, on whlcn. 'the two. undertakings might be brought under one control.- . The Atlas' Company was formed in 1808, and carries on a-tire, life, and accident' business ■ (Including employers' liability), while burglary and fidelity policies are also issued. The Phoenix Assurance Company was formed in 1782,, ana In 1907 the business of, the Pelican and - British' Empire Life office ''was taken over.. The company does, a large lire, life, and accident business, and enjoys 'an '■ excellent reputation. Both the Phoenix and Atlas are represented in New Zealand, with chief offices in Wellington. ..;,"' • THE WOOL MAHKET. ' ' , .. . The quietness displayed'at the .last London wool sales--is explained by the ; conditions • ruling a few : . weeks prior to tho opening; The expert wool contributor to the "Economist" of June IB says:—"Holders of wool are being forced to realise their stocks of, domestic wool under financial pressure, whilst.there is not the, slightest domand for their extensivo purchases of Australian wools,' which are all lying untouched just in the state in which they arrived.. It has been evident tor months past that the wool situation in the United Slat™ oi Autorica wa» going worse. First of all, •; American purchases of Australian wool were stopped in London, and realised there instead of being forwarded to Boston,. At tho same'time the operations of buyers from the United States of America at the ;London auctions so far during tho present year were less by 31,000 bales than for the corresponding period of 1909. Now it appears that large -quantities of English wool are being returned from the Boston Custom House for resale at Bradford, whilst the, shipment of large quantities or English wool bought for America but not shipped, and still lying in Halifax and Bradford warehouses has been countermanded. Lastly, and most important of all, it is now stated that about 3000 bales of imported Australian and ICCO bales Imported Biver Plate produce, which was lying in the Custom House at, Boston, have been .sold at heavy loss by sample to English buyers. ■ The United States of America demand is always'erratic,' and it seems v likely that this characteristic is '•''"}•!. to.be very much in evidence in, tho \imraediato future. Theso violent and apparently unaccountable fluctuations in tho demand :for colonial • wool in the United States are no doubt partly due to its high protective tariff." , . CUSTOMS REVENUE. ... Customs' TOvcnnc collected, at Wellington on Saturday amounted to £5510 17s. 3d. Mr the month of July the total revenue was £62,835 6s. 4d.. beer duty amounting '.o £877 Is. 2d. The figures for the corresponding month of 1909 were:—Revenue, .6,866 65.-; beer duty, £907 13s. 9d. FROZEN MEAT. Hy Telegraph—Press Association—Coprrlffht London, July 30. Tho Frozen Meat Trade Association's Bmithfield market quotations for the undermentioned classes of frozen meat are based on -actual sales of not less than one hundred carcasses of mutton -or lamb, and twenty-five auartors of beef of fair average quality. Tho quotations are not for selected lineß. but for parcula fairly representative of the bulk of thu shipments now on the market. Tho prices which follow aro on an average a farthing per lb. more than the value ex ship, this difference representing an average cost in expenses, handling, conveyance, and selling the meat:— July 23. July 30. Mutton— d. d. I Canterbury, light 38 311-16 Canterbury, medium 35 39-16 Canterbury, heavy 35-16 , 33 Southland — — North Island, best 37-16 3 7-16 North "-Island, ordinary 33' 33 Australian, light 23 ,23 Australian, heavy 2J 2j River Plate, light 3 3 River Plate, heavy 3} 3J LambCanterbury, light 43 5 Canterbury, .medium 4:1 42 Canterbury, heavy 43 4 7-16 Southland 43 . 43 North Island, selected... 45 43 North Island, ordinary... 43 . 411-16 Australian, best 43. 4j Australian, fair 32 3j Australian, inferior — — River Plate '.. - - BeefNew Zcalnnd, ox fores... 2J 23 New Zealand, ox hinds... 3J 3i Australian, ox fores 23 28 , Australian, ox hinds 3J 38 I River Plate, ox fores ... 23 23 1 River Plate, ox hinds ... -3j' 311

The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London house, under date, July 29:—"The mutton market is steadier. Lamb.is improved slightly, 'and the market for beef is firmer." COLONIAL AND OTHER PEODTJOE. lii Tulburitph—Press Association—Copyright. (Bee. July 31, 5.5 p.m.) London, July 30. Rabbits are scarce and firm; beat large Victorians, 165., young 155.;. Sydney sorts are quoted a shilling more. Hides are neglected, and quotations are nominal. Cotiun.-The Loveruool quotations for American middling upland cotton is 7.79} d. per lb.; August-September shipment, 7.56 d.