COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 928, 22 September 1910, Page 8

COMMERCIAL ITEMS.

•INVESTMENT/SHARES. ■ . ' . : Rather; more business than.usual was re,corded. in investment shares yesterday, and the transactions wore at full market rates. Christchurch , Gafe■ shares Eold at £9:165.; ,Napier (las, at £21;' New Zealand Insurance, at. £4 Is.; Westport Coal, 1 ' at £6 7s. 6d.j and Ward and Co., at £5 2s. 6d. The quotations .were unchanged. ■ Buyers., Sellers. Sales. . £s. d. £s. d. £s. d. National Bank ■'—•'- 5 17: 0 — Bank of N.Z.. ...10 5-0: -'■ '..-': Metropolitan 12 0 0 - ;■—"•' Well. Investment ....011 0.011 6 : -.;- ; Well. Deposit 0 8 3 0 8 '9' — Christchurch Gas 1 .. — — ': ■■ 9 16 0 'Napier Gas (£10),.. — -.:—'.: 24 -O'.O Well. .Gas (£10) ....;. 18 15: 0 . . - - ■ '-'.' Well. Gas (£6 155.) 13 15 .0 — ;•- —". N.Z. Insurance....«: -:. '-.-. —..4 11 Standard' Insurance: — . ■■'; 1:56 — ' Meat Export (£4) .:.■'." ■■ —■ 5 5 0 — Meat: -Export (525. 6d.) - .3.40 - N.Z. Shipping ....... — 10.2 0' — ■■■■ Well. Woollen (ord.) —. 313 6 - Well. Woollen (prof.) .214 0 —■.-,. Westport Coal ...... 6 70 6 8,6 67 6 WestportStockton. . 0,7.0 i -■'■ i - ! Leylahd-O'Brien'. ...::.--.-1 8.0 ' — N.Z. ; Oon./Dental'/.,//—:; Vl/2. .6..'. —;" -..' ■Sliarland's: (ord:)... ' — ■' 1,2- . .— Sharland's (pref.)....' : — 12, 3 — Taranaki Petroleum ■ — ; .-0 -9' 0 -.-■''— Taringatautu Totara 2 0,0 2 2 6- / — ', WardandCo. .„...'.: 5 ' 2'6 ' : —.' -5 2 6 /.;,'■;■/:. LONDON MONET. MAEKET..: .: , , London '.financial : houses,/: according : to• the city edition'of'"The Times," are preparing for dearer money in 1 the near future. In .addition to the United States; Egypt is likely to'draw gold.from London to: a considerable extent,-owing to! -the fact that its stock,was depleted early, in the year by domands. from ; India, ,and: also tb,provide means for movingithe cotton crop..' The; yield of that "staple (promises ■to/ be large, and- as, the prico: isinuch higher 'than it,-was last- season a corresponding increase will,, be required in the'funds to-bring it to market. Brazil, too,:it- is stated,.will be in a. position: to' draw, -gold freely, from London - shouldi it so desire, owing, to the magnificent prices which: it has been obtaining, for'.its rubber. Icdia;,may also: be a possible, applicant- to. the London money.market!"and"altogether the demands for gold before the, end of the,year seem-likely to assume considerable/proportions.' Everyone,- says "Tho -Times,", is malting such- preparation, with a -view, to stringency : later .in the, year, that-some: are-beginning to. say .that, there; ..will be L .rio tightness' in' the money market.' -It. is significant; however, that' billvbrokmore than three, months'ourrphcy, and,. idi this .attitude, 'they are .doubtless, taking .into.Jaccount the activity of, trade and industry'in the.TJnted Kingdom' as well as of gold for.iforeigmconntries. 1; PEOM6TipN :^.BOpM..'y; ! ' ri ;>.'fii©' stimulus -given, to. {company ipromor. Ition'by.the'.rubber and oil booms is made -abundantly.;evident by the statistics- of; /the';; registration -. of -companies: during : -tho 'first, 's>x .months'.'of'.the: present' year-.-as shown ■:, by -the h "Investors' Guardian.". [According tb" the":'facts'-' and figures' set font ;tho ; -number,.of companies .' registered '' in tbe; half-year was 3744, which constituted. a;irecord in tho'history of-the Joint-Stock-. /Companies' Begistry, I 'and,-.;as: compared'.with : . the i first .-six months oMMOV'ib an, increa-so:'of3l' ; per, cent.---As'rcgards.'cap-! ;italisatioh,'the '.figures are/even more; re/. ,)uiar'kablo, for the 'total, capital,of com-, panies registered' was £131,323,000, ; as compared' -with £61,712,000 in tho corresponding half of 1909, and. is also, more than double. /thot.averago of the, ri'ne.capital;,-. of rubber' companies registered .jwasV:£36,62B,ooo,'.'and;-' of: : -bil,-"companies,'.' '£'24,880,000;,-. while' investment' and ;finance 'companies,'-.registered.'to doal"principall£ -with"rubber-androili securities and : busi-. 1 ness, caused, an. increase/of £5,220,000 in /the;capital of .investment- companies. Those .three'amounts.nearly, equal the .expansion, in"the-capital of'companies registered;in thef;half-year,..-and exceeded-the,: capital 'of 'ill cdmpahios registered -in -the ..correspond- \ ing V six ' months of -'.191.9. Apart. from, rub-' ber ; and oil Dotations,..r.ogistra.tiq4',;.of..niin-: .ing"and kindred'-companies, also show a revival, the capital beings £18,167,800,,-as compared with. £11,600,000, "and is largest for':.five ::ye,ar3.:;,Ah.o.ther'intcrestirig-.,de;,. velopmchf'; ha's"'beenVtlio'.iflcrease': ih''the'' registration 1 of amusement .enterprises, due, of ; course, - to: the 'flotation '- of ; kinemato- 1 . graph theatres.■ : ; V ,V ■ '■■'■ ■':■ )r '''' i':V : !■ :'-'•';: 'iNOTES.,'; '.\.:^'-k'.: ; - ; V-;" ■The: values 'of: tjio Argentine •'exports -for the six-months ended June 30 amounted to £38,851,680.: The ,:-tbtal' tonnage ' was ■ The .prihcipal'''itomß in tons ■ were:—Frozen and-, chilled boefA-119,953; • frozen', mutton,; 50,650;Vihide5,":58,184; ' wool,'-. 94,196; jerked beef; ; -.: 4017;' butter! r :2074; tallow, 25.7C4; oats, Z46,398, J; barley, Z682;: 1in5eed,'456,239; maize, 4C8,100.;';-hay, 14,326;; wheat,-1,214,731;' flour,' '59,567'; '.Quehracho'i'extract,". 18,853;::- and'; QUW brachp\logs,-136,514;-:,i:v'-,-;5'.-'- '. : -'!; - 1 -:"-'-' 1 ,'. ')■)'. , The, British Government - have placed with Mossrs.> Libby Jl'JSeill and- Libby a contract:'.for one rdillion pounds of "corned moatjfor. military; nse,-,,at.iwhat'is''said--to-.be a ; " record price; .owing" to vthe "'recent;' soarcity, of meat supplies..-The order for tho-:tins' has been given to a-Welsh-firm, and vthe cans will "be sent from Wales, to Chicago,; where the meat' will 'bo .packed under.; itlie; supervision „ of : various ■ lnsp'ecr.' tors/acting under': the Unstructionß of ;the British' War- Department.' ; /-. ..;. -:-..-/'>.V,0.,"-. .:; Lates mail' advices from' Home respecting. the American salnibn, markets were to the effect', that, fishing on the.,northern rivers. ' continued :■' good,',, but '.only.' small, quantities ■ uad-ias yet been packed-on the Praser .Kiver.V.opwat-ions.icommencing there' ten' nays ; lateiv aud further news was awaited ; with interest.'- The -rTrench'saruino ;fishery' had again. been poor, the-weather .having, {been rough, and another week- had been 105t..-• It. was:,reported that, the pack, to ■date had ,been quite., iusigniiicaut;; and, unfortunately.' for all-concerned, the. wea--tner..'conditions : showed no, signs, of ;iin'mediate .improvement.-.The ; fish: in Portugal "were still .running large' and coarse, and; eiuitov unsuitable for .the. best. and. selected : brands..'.:... ;,,-.- • ':■'_'.:< ■;.....■.■':'.■■

/'Custom's'revenue collec'ted at.the port of ■. ■W.olliugion--yesterday■■ amounted to £2031 19s. 10(1... ■ /•* ;..;.;,■':. .".:,,',•.■: ■ '.'■ .'•■•,' «'/' /LONDON w6ol>;£AXte;' '■.;:. T. . ; AVAILABLE: SUPPLIES." '' By Telegraph—Press A'ssucialiori-Copyrlght ."'.:''■;■• >;,;'■ .'.London,. September 20.- ..■ For/the'forthcoming: Loudon wool .sales, which' begin' on Tuesday: next; 132,000 bales have arrived, .whereof' 48,000 bales- have boon forwarded direct to. manufacturers, lcaving,/with the wool. carried. over from the last' .sales . (31,500 balos), 115,000 bales available. ....-•.; ' $■ •' •At ' the'.corresponding sales last year, 93,500 bales', were available; and this ineluded'ls,ooo .bales' old stock. >./ ■, . v ', WOOL SALES. '•'.' '...,'. .By Telegraph—Press Association—Copyright/ ,'.(Eeo'. September 21; lo!5 p.m.) .' ''..' London, September 21. At, the Antwerp wool Eales, there'.was a numerous .attendance, -bidding, was animated. : . Medium, qualities .were unchanged; good merino showed, five-centimes ad-' vanco;'fine crossbreds wero fully-ten centimes . above...tho ,■ Jnly sales; lambs, five centimes lower. ' 3400 bales a La Plata were; offered, and 1786 sold. :\v'H-'.\\: r :. silver.:'-. /'.' .''..'■ : By Telegraph—Press Association—Oopyright.. ''■'.' ■:;■. "■'■'.: London, Septembor 20. ' Bar : silver is quoted at: 24Ed: per ounce standard.-;/:'. '■'■.. ; V 'SHAKES AND. DEBENTURES. ' By Telejraph—Press Asßir.i.iHqn—f'onyrißlit.' - London, Septembor. 20. ■ ■ Stock. Exchango quotations include:— Bank of Australasia, buyers £117, sellers: £119; Union Bank, buyers'£63, sollors £64; Bank' of New Zealand- stock; £102; .--.Now. Zealand Loan and Mercantile-: debentures; £98. ' ■ - ; ' . '■'•■; ." ■'■: ;■'(' LONDON QUOTATIONS. By Telegraph—Press Association—Copyright London, September 20. •Sharemarket quotations include:—Bank, of Australasia, buyers £117. sellers £119; Union Bank, buyers £63, sellers '£64;. Bank of New Zealand stock,. £102;. New Zealand Loan and-Mercantile, £98. v. •- • .". LONDON MARKETS. Jlossrs.' Dalgety and Oompany, Limited, report having received the'following cable advices from their London house, under date Soptember 20:—Frozen Mutton.—Owing to reduced supplies,. holders aro asking 3d. to id. per lb. more. The demand, however, is; limited, and. it is possible that the advance may not bo sustained. Hides: Since our last wire -rices aro Jd. per lb. higher.;

; MINING NEWS. " ~" ; WELLINGTON SHAKE MAEKET. , , ;'• Tho mining share market was exceedingly quiet yesterday, and .values generally are much depressed.' .'Talismans keep steady at about 505.,; and Waihis sold at. £6.125. 6d.- The transactions recorded yesterday wore as under:— Tairua Broken Hills, Is. sd. (first call); Is. sd. (second call). Talisman i (new issue), 335. 9d. (second call). ■•. : ,"''■'• Waihi, £6 12s. 6d. (third call). Progress, Us. (first call).'- •'•-, . - Boss Ooldflelds, 36. 7d. (first call);-Ss.- Bd. (second- call). ■; QUOTATIONS. '■ ■/■,'••' Buyers. Sellers. Sales.' £;s.,d. £B. d. £ 8.-'d. Dominion — .002 — Kuranui ......: — -.0 0 6 — Kuranui Calodon'n 0 1 10 1 5 — May Queen .: 0 3 11, 0 4 0 . — . Mountain King :...: —006 — N.Z. Crown :.' 0 4 2 —■'-.' — -New Sylvia'.. 0 310 0 4 0 — Old Hauraki ........ 0 4 1 0 4 3 — Saxon .;. ; 0 13 0 1-5 -.—'■' Tairua Broken Hills 0 14 0 16 0 15 Talisman :... 210 0 210 9 — Talisman (new is.) 113 6 114 0 113 9 Waihi .:...........'..... 612 0 613 3 6 12.6 Waihi Eeefs'.: — 0 5-2' — ■ Waihi Extended-/.. 0 2 . 5 —. — . Waihi G'd Junct'n 116 0 116 6 ■— ; Waitangi ;■„ 0 2 10 2 2 '.—,.', Watchman ■-.-. ■ 0 2 8 o'2 10-. "'— ■!■ Blackwator ....112 3 — ~- — -'■ Con. Goldilelds ...... 116 . ■•'-.— ~ —." New Big Eiver ... — ' 2 14,9 — Prbgress . 013 9 014 6 '■'—- ' Koss Goldfields .... 0 3 7 .0 3.80 3,8: .STOCK EXOHANOE./ ' './ (By. Telegraph.—Press Association.) ■ : •// ~ Auckland, September 21/ Business done on 'Change this: morning: Sylvia, 35.-lid. Watchman, 2s. lOd. '■"•■ . '. , Waitangi, 2s. Id. ' Grown, 4d. Golden Belt (con.), -, 6d. , , Talisman, £2 10s. 3d., £2 10s.'-9d. --', Waihi;:£6; 14s. ■ • .-. v.: ■ ;:-,,;- -:. • ■-•■ , ,Grand,,Junction,:£l. 16s. 6dJ,'-£i'.'lSs. 9d. . Mountain King,, 7d., ■-.' '.-.••'.' .: Kauri Timber, (con.),. 17s. Bd.. .'i-Parker-Lamb, £1 65. ; , -/,•:. •";..; 'The following. business was 'done at the 3.15, p.m. call to-day :— Talisman Consolidated, £2 10s. 9d. •Waihi Grand.Junction,: £h. 17s. ." Waihi Beefs. Consolidated; '■ ss. Id. ' Progress Mines, 145..3d.', . ■■'' .May Queen,'3s. Ud. ', ' ; Goldeh Belt (con.), 6Jd. Victoria,:lljd. ' ; . .-.•;.' Kapanga, 4d: -' - " ,- - ':' ".' :.'Albnrnia, BJd. . :,'National Bank, 118s. ", '

' Dunedin,' September 21.v. , Stock Exchange-sales:—Talisman Oonsoli-, dated," £2'los.' 6d. /:, : " , - ! Sales "reported:—WaihiJ-.-Grand/Junction, £1 15s. 9d.j Waiotahi, 3s. 4id-; Golden Bed, IBs. 6d.j National Bank, £5-168., ;..,.,