COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 927, 21 September 1910, Page 10

COMMERCIAL ITEMS.

■ • INVESTMENT SHARES. .':; c,: ' 71; The transactions _reoqrde;d yesterday were Wellington '.Woollen, ordinary, £3 135., and Taringamutu Totara,:'£2. ••-Tho quotations were as under:'--S '-; :; . - . 'i Buyers... Sellers. . Sales.. • ' ' . . ' ; £ s. d. ,■ ,£ s. d.; £,B.d.' National Bank ...... 5 14 6, 5 17 0-. — Bank . N.Z.i;0..5„. v .J0..5: 0_ 10 8' 6., Metropolitan! 12, 0 0 1 — , — AVell. Deposit ........ 0 8 3/ 0 .8 9 - ' Christchurcli ; -.Ga5,..„19.J,5,_Q.j. — , — . Well. Gas (£10) •*..•.•.•'.18 15*-0-». - _ N.Z. 1n5urant;;;...,4,,,?,,6 Standard Insurance . t-:-. ' -1 ,5 6' — Gear; Meat'(£4). O'.O y— Meat Export (£4) — 5 ' 5. 0 ■ —. Meat Export (525.6 d.) • — 3 4 3 ' —: N.Z. Shipping — .10 2 0 - '■ — ;WclliWoollen'tord.) .i»'.my-:,.v3 13 .6 , 3 13; 0 Well.'Woollen (pref.).:,2,14'; 0 ' We'gtport Coiil : 6; s'«" 6 B*6-' : — ,fl r cstport-Stockton"!-< 0 . . — , ; ':(ord;).Jj;';' -f.':'" 1: 2 .3 •§liarlandV-(pref.).. 1 '2 3." — Taringamutu.'Totara 2 0 0..— % 0. 0 Ward ,aiid Co, ...... 5 2 6 . — «. AUSTRALIAN WOOL EXPORTS. \ ■The (exports of wool from Australasian ports during'the. past two,'..months.'of the current wool year, as compiled by Dalgoty'and Co., Limited, slio)v as'unuor;— ' 1510. ' 19G9. Bales. Bales. iNew South Wales ... 47,130 , 43,557 . Queensland ........... 33,285 22,356 ; . Victoria • • 9,007 8,118 '• S. Au5tra1ia....;..,..... 427 1,324 ; W. Australia ' ,2,569 2,673 ' •" ; 92,418 1 78,028 New Zealand '18,428 : 20,999 , 110,846 . 99,02? There" has been an increase of 11,819. bales.. New South Wales, Queensland, and Victoria show increases aggregating 15,391 bales, while the othor • States, exhibit decreases totalling, 3572 bales, to which, New' Zealand contributed 2571 bales. ijessrs. Johnston and Co., of Wellington, have received, word from their Londonagents that they anticipate a rise of about 74 per ceht. <in the price of medium and -coarse-wools''at the forthcoming sales. . i

COLONIAL MUTUAL LIFE. : The "Financial Times" (London) of August 21, in dealing with the last report and balance-sheet of the Colonial Mutual Life Ofbcc, makes the following favourable comments:— "In the management of this offlcc tliere has been no lack of energy and skill, foi i? . lfc , was possible to secure 5087 new policies last year for a total of £1,101,000, the amount being nearly as lmicli as in the, previous year, while the actual expendjtiiro wag a good deal less, tho ratio being thus greatly, improved. For many u ave P°j. n 'ed out that undue la\isliness in - spending caused an'inevitiiiiS slirin ' !! jee in- the bonus, and we are glad to see that at last this lias been scon 1 , b °a; r ti and.that the evil is being Wh°-t^ a u-V lc r , oot ' Thc rat « « fitill - '.'J 118 been reduced by 4J per ■ ru »® . t 'two years, and progicssivo reforms have to.be judged, not by the', actual .point- of attainment,- but by the strength and direction of the current. Wo congratulate tho. directors on the wholesome impetus which they have now acquired ;in tlie way of economy, and if, as we expect, it bo continued and increased, the reversionary bonus at next valuation, will much cxce od the 20s. declared on tho present occasion. . The society b. new .industrial branoh lias got a beginning made, and if it. succeeded in. find-ing-favour amongst tho working class the policyholders m the "ordinary" section will be advantaged by, the nrofitsi" v; IMPORTS FROM "BRITAIN. - , - Tho.following is a return of the principal' lines 'of goods of liritish - manufacture exported to New; Zealand durin? the month of 'July, .1910; also for. the seven - months ending July. 31,. 1910, with ; figures for 1909. shown for purpopes of ' comparison. ;; Compiled ;■from'' the Board'of Trade returns;— ' Month ending Seven months July 31. July 3!. . • • '1909. 1910. 1909. : 1910. Beer-.and ale... .3,503 . ..3,114 20.8C9 18,891 Spirits ■ 19,637' 33,214 119,337 138,727 Iron and steel , and manufactures thereof 81,235 98,074. i- '446,964 543,196 Copper, wrought - ; ' . and manufac- •• • ' - tared. '2,m. 2,413. . 15,565 : \14,840 -Cutlery. ;3,321 ; : 4,603 15,910' ' 20,380 Hardware.'!; ... ! 8,884: '-. 9,864 i' 67,540 •: 60,927 Cotton, piece . goods of.all '• ' : ' • .'-• - ; ■ lcinds ......... 98,166 ' 106,375 v - 389,585 ! 446,683 Woollen aad , . ,', , ■ worstedmanu- ' V " ' ■ '. '' factures . 52,553 ; 60,557 v 222,29! ■'; 249,462 : Haberdashery - ■•'.- . ■■ ... and, millinery 9,748 . 9,294 37,640 - .38,699 Jute .manufac- ■- ' , ■' tures; . ......... 4,932 4,411 21,607 19,057 Linen,, piece - . goods of< all . ... . kinds: 11,122 11,672' '50,808 62.438Apparel -78.766, 90,004 - -.269,0.72 - 326,9*6 Boots-&;shoea , 19,802 - 23,875 95,499 ■ 99,059 Saddlery and • ■ . ,-■ harness ' 3,250 ..' 2,455 ' 16,534 1E.5E0 China and.', , . oarthenware.;, 7,596 V , 9,515!. 47,410' 49,479 ■Writing and . ' printing paper 9,152..-, 13.166 67 911' 71126 Cement . 2,7®. 2,777,16,512- - 12.966 Stationery,"other .' , ' • v' 1 ' 1 -than paper... 5,8:6/ '5,903 ■ 26,659 ,26.035;,' NEW;- ZEALAND-LOAN AND MEEOANTILE.' The New Zealand ■ Loan and Mercantile Agency Co. . report:—We have ■ received cabled intimation - from our. London office regarding; payment to. members' of the staff; iof a 5 - per< cent, bonus on ■ their salaries for; the year/ended June 30. The : last-, bonus' paid ,by the company -was : in 1957—just three years; ago. , • Customs revenue collected at the port, of ■Wellington -yesterday.,- amounted to £293516s; 2d. ; ••■• !T <"'- ■

TRADE IN ALLEN STREET. Oats.—The market is lifeless, and in the absence of any demand for export, prices may drop a little. . , • Wheat—Fair trade is doing, and values are Without change. •Maize lias cased by about 2d. per bushel during the past ten days, and fair business is passing at the reduced quotation. ■ Oatmeal.—The demand is easing off now that warmer weather is being experienced. Oaten Chaff.—Heavy supplies are-coming forward from southern districts, and largo 'growers are evidently-finding it more profitable to convert into chaff rather than thrash out. ' • ■ . Potatoes—About 2000 sacks came to hand per Manuka from Australia, and met with' an excellent demand. Onions—Tho built 1 of the supplies now coming forward is Victoria-grown, and the current quotation is 1 £7 10s. to £8 per ton. Butter.—Prime bulk continues scarce, but increased supplies should be available presently now that tho dairy season -has begun. Eggs-Fresh eggs meet wHh : ready sale/ at lid.'per dozen. ( Honey ■•-Prime bulk realises 4d. per lb Fruit-The Manuka, from Hobart last weok/landed, 15C0 oases apples. A large portion opened up in a bruised condition: the market displayed an easier tone, owing to the large quantity available. Tho Maitai is due from . Sydney to-day with tho usual supply of . oranges.' lemons,. pineapples, loquats, and, passion fruit. Fresh supplies of -bananas will not be available for about three weeks, arid the - market 'is'" somewhat bare at present. ~ 'Vegetables. The first lot of green - peas; to reach tho market were received from Nelson: last week, and realised 2b. to 2s. pec • . HeaTi er consignments of rhubarb are being received from the Hutt district, and prices are slightly easier. Some excellent cauliflowers are now comlng from Nelson,, and up to 13s. has been obtained for ,ohQice quality. Spring cabbages are making 7s; ; .to':'Bs'.; "parsnips axein short supply, and are worth Bs. to 10s. for.well-filled sacks. - ; "- ;.. WHEAT AND FLOUR. ' By Telegraph-Press Association -Copyright. mi. : v V '•.» „ ** ond 2 n » September 19. The wheat ana flour,.afloat ;for the''United Kingdom is 2,22s,ooo,quarter's; for the' Continent, 2,665,000 quarters; Atlantic shipments, 175,000 quarters. The total shipments to Europe during'the , week amounted to 1,505,000 quarters; including 46,000 quarters from the; Argentine, 665,000 from Russia, 383,000 from, the Damibian country, 12,000 from- ; India, and, 113,000 from Australasia. • /,;/- . /•LONDON MARKETS. 1 By Telegraph—Pretis ViSifu.-'iaiinn—Copyright' ' • • (Rec. September. 20, .9 p.m'.), 1 . •■ London, September 20. Copper.—Cash,: £54 17s. 6d. iper ton; feleotrolytic, £57 15s. Tin.—Cash, £149 15s. per ton. ; , - Wheat;r-Twenty-seven .thousand quarters, Australian. January and February shipment; sold at 375. . Messrs. Daigety and Company,, Limited, report, having -received tho following cabled advice from their London house under date ' September 20:—Woolt salei : . The 1 list -of arrivals is closed.-, New. arrivals amounted- to 132,000 bales, - 'Of .' the above 49,000 bales were ; forwarded; direct to 1 manufac--tui'ers at Home and abroad. Old stock in lmnd amounted -to 32,000. . . bales, leaving: 115,000 _ bales.,, available for sale.. • • ?.. . HONDON'WOOL SALES. By Telegraphs-Press Ac- •' -•; W ■•'/ (Rec. September .20. 9 p.m.) > . 'London. September'2o. •V". For the .'forthcoming London colonial wool sales 132,000,.... bales ,' : have<- arrived,.whoreof 495,000 :.havo:-bebn-forwarded direct: to- the manufacturers, leaving, .with wool left over.:: : from 'last"- sales, .' -115,500 bales available. , ■ .

/OANTEEBUKY i3BAIN MARKET. (By 'relegranli.—Press Association.) ' ' Chrlstchurch, September 20. ■ There is -a quieter time in.the local wheat market... Owing to tho London market being 'weaker 'shippers are finding it difficult to effect sales at 31s. 6d. •to 325. per quarter—the , best offers that ■ havo lately , been received from London. Consequently they-.are not ready to make further purchases from farmers at prices which may leave them no margin ,of profit if the London market goes back any further. . Oats are dull of sale, and merchants are realising that they can only turn, ovor their stocks'- at a loss. The North Island demand . is , limited, ;as the season there is . favourable, and feed is , malting good. growth. . Tlie northern markets are being supplied with potatoes from Melbourne, and new potatoes are coming into Auckland from Sydney. Offerings from. Canterbury-, growers getting scarce, and.the prico has now gone up to £7 at county stations.