COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 892, 11 August 1910, Page 8

COMMERCIAL ITEMS.

■': INVESTMENT SHARES;- . There .were no transactions in investment' shares yesterday, and firmness continues to; uo a featuro of the marltet. The buying .- and selling quotations were as under s—■ . Buyers. Sellers. ■ ■ "■ £ s. d. £ s. d. Bank N.Z ..; - 11 0 0 National Bank -. ' 6 0 0 Equitable Building 9 10 0 , ' — Metropolitan Building ... 12 0 0 — Loan . and Mercantile ... —. 0 12 6 Wellington Investment ... 0 11 0 — Wel'gton Trust and Loan 7 9 0 —. Wellington Deposit 0 8 3 ,090 Christchurch Gas - 10 0 0 Foilding Gas ..... .' i — '.. 1.2 0 Wellington Gas (£10) 18 0 0 - Wellington Gas (£6 155.) 13 10 0 - Wellington Gas, new issue ,- (prom.) ......v.. 260 .-' — .- N.Z. Insurance : 3 19 0 . — . Christchurch Meat 13 5 0 — Gear Meat (£4) 10 5 0..— Gear Meat (£l)' ;:.;.;;::..:... 2 14 ■: 6 - Meat Export (£4) ......'. - . '5 7 6 Meat Export (£2.125. 6d;) — .; 3 6.6 Union Steam 115 6 — Wellington Woollen (ord.) 3 7 0. — Taupiri ? Coal -•'-'.' '.' 1.0 9 Loyland-O'Brien 1" 6:6 176 Manning and. Co 4 0 0 — Marks Turbine (£1) ...... — , 2 6 0 N.Z. Paper Mills :.„ 12 3. — . Sharland's (preference)... 11 0--. '.— Taringamutu. Totara 110 0 — ..THE CHEESE, MARKET. 'Of late years cheese has. been realising high prices. The latest quotations for best quality New. Zealand and Canadian cheeses compared'with those for the corresponding date of tho three previous years show as under:— ' • - . .1910.. 1909. .1908. .1907.. Now Zealand ... 575. '60s. 625. 61s. ' Canadian 555. 58s. 595. 565. The Uigii ; prices'ruling in 1907, 1908,' and 1909 induced'-a considerably increased out llat. Inv Australia the 'increaso has been, twofold; and.it iy reported that tho Sussex Street stores,.- Sydney, are,.'crowded, and although prices are lower than they havo been at., this, time of year,. this fact does not lielp to:reduce the'big stocks. Some Australian merchants consider that ■-,the-, production has overtaken local consump-' tion, and, they seem anxious as to. the, difficulty of ■ finding - au outlet in tho' flush', of' the season. Strange to say, Queensland,' Victoria, and South Australia all report surplus stocks. 'It seems to be tho.gene-; ral opinion that, principal cheese-makers will send consignments to London next' season. New Zealand will thus- have another competitor on the London market,but this competition is not to bo, feared. A report on the Brisbane market reads:—. "The high values ruling for butterY.Tiave caused, number of dairymen to forsaiio .cheese-making:,-. The demand is very slow indeed, and the-reduction in values has not had the desired effect. The increaso of cheese factories throughout Southern Queensland points to tho .'fact that'export must be adopted. The London consumers prefer a large cheese, 70 to 801b., of a natural colour, and it would be well for all factories to prepare for this trade for tho coming spring. For. the local mar,ket we are quoting!.large at 6Jd. per lb., loaf .at 7d. per lu' . , IMPERIAL CONSOLS. . There is a further fall of 10s. in tho quotations for Imperial Consols,' tho 'price now being '-£81,- - this' is' very little abovo tho panic : price • of August,. 1907,- when Consols dropped to: £80 155., The fall.three years ago was, of course, due primarily to the American financial crisis, many investors being forced to sell Consols to meet other, obligations, but it. is difficult : to account foi tho present .sharp decline. The Lloyd Budget.- with its burden of taxation may partly account for it, but the chief cause is. the desire of investors to secure a : higher, return. Better resultß are to be obtained by foreign investments, and a good deal of British capital is being so' invested. Investment has now been brought, to a fine.point on the basis of geographical'.- distribution of capital. Even the British Public Trustee has found it desirable to' adopt this system, which secures safety and a bi-.-or Income. If the fall in Consols is due to other- circumstances, then it Is very likely thai forced sales are being, made by-' largo holders, if so.there is probability of a monetary stringency.,very .shortly. The conditions in Amcrkaviavour a, "financial crisis, and if ■ one" should occur :ncxt month -there :is no ' reason 1 ' for believing ; that it will be anything serious. The emergency currency law will.afford sufficient relief. .- CUSTOMS REVENUE. \ Oußtoms revenue collected at Wellington' yesterday amounted.to £7523 6s. lid., '" ' . :-. WHEAT. By Telegraph-Press A ssocintion-Copyrignt. •'•'. (Bee)" August 10,-, 9 ./p.m.) ' -nn,»n+ i„"a ', v Lon '' , <> n . August 10. . Wheat.—An Australian cargo was sold at 38s. for,the cargo, and 14,000 quarters for December-January shipment went at 375. 9d. IMPERIAL CONSOLS. FUETHEE-DECLINE. By Telegrapli—Press Association-Copyright. ': ■•,'' . , „ . London, August 9. .' Imperial Consols are quoted at £81. a fall of 10s. since last quotation. BANK SHAKES AND DEBENTURES. . By Tclcgraph-Pre?? Association-Copyright.'. ''_"., ,' , London, August 9. The Stock Exchange quotations include:— Bank of Australasia, buyers. £110, sellers £112; Bank of New South Wales, buyers' £44, sellers £45; Bank of Victoria, buyers £5, sellers £5 55.; Union Bank, buyers £61sollers £62; Bank of .Now Zealand, buyers £10 55., sellers £10 155.; City of Melbourne debentures, £101. ■ LONDON COMMERCIAL. By Telegraph-Press Assow.i ion - Copyright London, August '9 ' Wheat-Two cargoes of Australian sold' .at 375. each,-aridi three others at 365. 7Ad 375. .6d., aud37s. 9d. respectively. Currants.—Provincials. 225. to 245. 6d. per cwt.; Amalias, 255. to Z6s. 6d.; Patras 275 : to 275. 9d. Sultanas—Smyrnas, 355.,t0 365. Figs, 535. '-.■■• Linseed, 60s. to 725. Canary Seed.-Pincst, / 70s. to 90s, Rape seed, 545. to 64s\ -, Kauri Gum.—ln stock, 303 cases. THE METAL MARKETS. By Telcgrapn—Pros* AFsoci-iion-Cnnyrlght.- ,„. .- ' - London, August 9. Tin.-On spot, £152 per toil.Lead is quoted at £12 lis.. 9d. per ton.

Copper.—On spot, £55 per ton. ' American corner, in, stock, 170,641,0001b. Silver—Bar silver is quoted at 24 7-16 d.. per ounce standard. (Itec. August 10, 9 p.m.) London, August 10. Copper .-On spot, £55 ' 7s. 6d.; three months, £56 3s. 9d. per ton. Load, £12 10s. per ton. DUNEDIN GEAIN MARKET. (Bx l'elecrauh-l'reßj Association.! ' Dunodin, August 10. Oats: very little business is being done. There are few lines of any size offering, and there is a fail* margin between tho ideas of buyers and sellers.' Good gar;ons and sparrowbills are inquired for for seed purposes. Prime milling, Is. lOld. to Is. lid.; good to best Is. 9id. to Is.' 10Jd-; inferior to medium. Is. ,7d. to Is. BJd. Wheat: The tone of the market is somewhat lower than it was a week ago. Sales of tuscan and red wheats have been niade at slightly lower levels, whilo velvet has not had, the same attention as before. Prime-velvet, 45.; tuscan and red wheats, 3s. 7d. to 3s. 9d.; best whole fowl wheat, 3s. Id. to 3s. 4d. WESTPOET COAL COMPANY. (Br Telegraph.—Press Association.) Dunedln, August 10. The directors of the "Westport Coal Company have declared an interim dividend of 3s. 6d. per share for the half-year ended June 3D. ~-•'■•.. MINING NEWS. ■ "WELLINGTON SHARE 'MAEKET. The market displayed more activity yesterday than on the two previous days. Old Haurakis, Talismans, and Waihis were firmer, but Waihi Grand Junctions were weaker. In the forenoon Boss Goldfields wore inclined to' advance, but ■in the afternoon they lost ground, and were sold down to Bs. 9d. Yesterday's sales were as under:— May Queen, 4s. 3d. (first call), 4s. 3Jd. (second call). Old Hauraki, ss. (first call). Talisman, 565. (first call). 565. (third call). Waihi Grand Junction, 38s. 6d. (first call), 335. (second call). Ross Goldfields, 9s. 2d.. 95., Bs. lid., Bs. 10d.,- Bs.. 10d., 85.,10 d., Bs. 10d.. Bs. . lod. (second"'call), ■ 95..' Bs. 9d., Bs. 9d.,-Bs. 9d.. Es. 9d. (third call). QUOTATIONS. Buyers. .Hollers. Bales. £s.d. £s. d. £s.d. Dominion — 0 0 3 — Hauraki Beefs — 0 0 9 — Kuranui Oaled'n ... — 0 19- — May Queen 64 3 - 04 31 Maoriland ..'. „.. '. — 0 0 8 — Mountain King — 0 011 — Old Hauraki 0410 050 050 Saxon : 0 17 0 19 — Tairua Broken Hills 0 1 9 0 110 — Talisman 215 9 216 3 216 0 Waihi .....!.. — 8 5 0 8 5 3 Waihi. G'd Junct'n 118 0 118 9■•l IB 0 Waitangi ■~... -... — •'• o 2 4 — Watchman .....' 0 2 2 0 2 5 — Blackwater ■-. — 114 6' — Con. Goldfields 113 12 3 — New Big Eiver. — 2 15 0 — Progress .......) 012 0 013 0 — Eoss Goldfields 0.8 9 0 810 0 S 9 STOCK EXCHANGE. (By Telegraph.—Press Association.) Auckland, Augußt 10., " Business • done r on''Chango this ing:Kuranui Caledonian, Is. Bd. / '■ ' May Queen, 4s. <sd; Sylvia, 4s. , Watchman, 2s. '4d. ' Ross, 95., 9s. 3d. Hauraki- Reefs (con.), 9(1. Old Hauraki,. ss. Tairna, Broken Hills, Is. -9d. Talisman, 575. , Grand Junction, 38s. 9d., 38s. 6d. . Auckland Gas, 68s. 6d. .■••■'. 1 Milne and Ohoyce; (ord.), 215.; 6d. Tho following business was done at tho 3.15 p.m. call to-day:— , ' Sylvia, 4b. ■ Waiotahi, 3s. tOd. Consolidated Goldfiolds, 225. : Eoss Goldfields. 9s. 2d., 9s. Id.. 9s. Id. ; Old Hauraki, 55., ss. Id. - N.Z. Crown (options), 2s. 3d. '..Dominion (con.), 2Jd. v.Talisman . Consolidated, 565. 9d. Waihi,- 1665. ', Waihi" Grand Junction, 38s. 9d., 395. ~;Taupiri Coal, 20s. 6d. Marks Turbine (p.u;),, 405., 37s.':.6d;•'•■. • .'.' .N;Z. Insurance (or div.). 81s.- fid.'-.'. ...'• ' '-• '; ' Christchurch; Augustrio:;"',- , On the Canterbury Stock Exchange", the following: sales were roported:— •,' '•'•■■ ','■ Peilding Gas Co., 21s. 9d„ 21s. 9d;' v N.B. Paper Mills; 225. 7Jd. ,-. " A ■i Talisman Consolidated,. 555.. 9d. '■' ■■'.'-.-■. . Waihi' Grand Junction; 405.,'-38s. 6d.' ; Eoss Goldfields,: 95.,, 95.,/Bs. 9d.,85. Bid:<i The following sales took-.-place .oni-tho-Exchange:— . ■..?.....-'. 1,',!-I,',!-i Talisman-Consolidated, 565.' ■''■V;' ; .-"■•''' : Eoss,.Goldfields, ,9si:.' ; ..-: : - ;;■'.:'•?. •'■.-•';;. ''■':■'•■■■ :.";';'",',.' : Dunedln, (August 10.! Stock Exchange .sales*—, ■-.;.■ Sailor's Bend, Bs.' . Eoss Goldfields, 9s. Waihi Grand Junction, £1 18s. 6d„ £1 18s. 6d. ' N.Z. Paper Mills, £1 2s. 9d. Old Hauraki, ss. 2d. Sales reported :—Old Hauraki, 4s. 10s.. 4s. lid., 55.; Sailor's Bend, Bs. 6d.; Eoss Goldfields, ,95., -95.; Golden Bed, £1; Island Block,', 3s. .-fid.; 1 Mosgiel Woollen; £3.J55.; N.Z. Drug, £2 lis:, 6d.; Dalgcty and Co., £5 18s. 9d.;'National Insurance, £1 12s.