COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 930, 24 September 1910, Page 10

COMMERCIAL ITEMS.

"'-"''A' INVESTMENT SHABEB. , *' ' : : The' market '■ for investmentshares - was slow: yesterday,. but' values were uhohangVed;' -Auckland ;Gasv, Debentures , (£50):-; sold'at- £51,' and''Xe'ylahd-O'Brien', Timber,' had quittance'.'at : 275..M.'./Tho- Quotations were' as'under :—'... . . ;r ' ';v- • ■ Buyers. Sellers. Sales. '- £-s.,d.V National Bank ..'.-. ' 5'15 0( ' 517. 6 — >Metropolitan 'V . v..:.';; 12;. : - ' . y S.Z. Loan • '.j'-'ltercantile.'v;';;;.;',..";''' 9.0 010 6 — Well; Investment'■ 0.11 TO — Well. Deposit ..lu. 0 8 3 0 'B,J''. Auckland Gas Deb. . . ■ (£so)', - .— : 51 0 0. Well. Gas (£10) -•...... 18 15 0 : : Well./ Gas - (£6 -15s.V 13 17 6 Wellington Gas (now .' .'■ /"'issue) 2;10 0- . : — ' — . CHristchurch Meat ,15.17 6 — Gear Meat(£4)-... 12 :0 0 ...' ;~- Gear Meat'.(£l).-v.>..; 3 0..0-. .-—. , Mea,t -Export- (523.6 d.- — . 3 .4. 0 , ■■ NZ Shipping — 10 2 0 — .WelUWoollen (pref.). 114-6.. : — • — , TaupimCoal 0 -19 6 -—. , , — .West-port Ooal; T ........6 8 -6 . Westport-Stockton . 0 .7. 3. 0 7 9 .- Leyland-O Bricn; <.... -— • 18 0 1;7 ,6 NZ Don Dental 1 0 0 1 2 0 — Sharland s ■ (0rd.1... . . . 1 I I -—■ ■ Sharland a (pref.)...-.:. ■ — .-1-2 3 : — . Taranaki Petroleum. .—0 9 0 — ... TaringamutuTotara.-2 2.6 - ■ — r .. — ■Ward/and Co.. 52 6 • — : ...— :-IIASTEKTON • PERMANENT BUILDING SOOIETT The balance-sheet of the Masterton Permanent -Investment- and Building Society forthe year ended August 31 is : to-hand. -In ■'■their.v report --the.direqtora '.-say,. that,."while "conditions have .not- been favourable' to large profits the-, business' of the society-has ;been fairly . maintained, during ' the year, 'and its affairs. continue i" a, - sound and satisfactory: position. - The. dividend represents 7.32 per cent. - on -the capital employed -as against 7.17-per cent, for'the previous year."-..Tho .receipts during the year amounted\to £26,159 145. ; 10d„.: the chief lteme being: investing. members - naymonts ' £1530 - 7s. lDd.,.J.borrowing-.mem-.. hers' -payments:£6o2B-lis. -'9d.. .advances -re--pald £4558 -' 13s- 'Bd.. and i.dcposits, £11.320. 178;'; lOd. Tho - balance at-i-'-crcdit ,-. of rev-. onue account :. at . the close-- of : :the . year ! totalled' £2368 65.: Ud. ■ The.'.profit .and loss account shows receipts: fromv interest £3259 14s-: lid.: fines-£SB 17s.'-6d-v.- and"fees £32 45.--6 d:, total-£3350. 10s. lid. The expenses amounted- to £584 Bs. ■ 4dJ. - interest payments to> £947 i' 15s- '-7d:. - and' the..-net profit .to-. £1818 13s. ' Tho amount lent by the: .society is £47,288 8s 5d SOUTH AriliaAN TRADE ■.- The .trado of the Union of. South Africa, continues to show considerable expansion m- comparison -with the. figures of - last year: - For the six months ended: June. 30, imports were .£19.930.599. and -, exports .£28,-. 134-663, as, against imports £14,770,432, and exports ln< the-.. corresponding half in 15i9. Shipments of." cereals amounted to £392.013 in value, ,or moro than three times the quantity exported ,in tho preceding term; . the excess- :bemg. entirely due -to : movements of, maize, > of. which- nearly : 3.C00.QC0- bushels :were ' sent overseas: • The- export • trade m oats,, whie;.. ■assumed such) large >,dimensions, in . t- 1 ■ previous • year, fell • away •. from: 670.000-..bush-els to - 90.000 -bushels. - -.Gold.,and - diamonds' represented;about 70 per. cent, of the. total exports:- tho former 1 being valued; at £16.-, 820 543,'-'and-the latter-at £4.472,262., Wool shipped 'was' .valued- 1 at- £2,084,994,., as against'£l,9o9.9sl- in: the'first; half of 1909, but' the "quantity was 6.1C8.C001b. less m tho six months under review.,-, NZ EXPORTS * 'The ' values of the. principal productF: passed through the Customs .for export for the .'period from September 1. to 15. compared with the corre'ign'l.mg -noriod of la-st year, .as ' shown ,by the figures .in -Leaflet - No. ; 96. issued'..by ime Department of Agriculture, Commerce, and Tourists are as under:—-:- ; . : -. .. ' ■ Sept., 1910. Sept., 1909.

C : .. £221, V,2 £355,820 . There is a, decrease of' £134,378, > or more than 33 1-3 per cent., but no .importance should bo attached to thiß, .as tho'figures 'are affected by the' movements'. of steamers.The figures for tho ; whole month,will probably tell a different tale.. Customs revemio collected at the port of Wellington yesterday - amounted to £4740 6s. 7(1. . WEIjIjIXGTON IIAEKET REPORTS;'. j The New Zealand Farmers' 00-operative Distributing Company report salo prices for the week as follows:—Potatoes',' prime, £9 .to £9 10s. per'ton; seed, specially.: se-, lected, Canterbury Up-to-Datas, £8 per ton; onions. Australian £8 per tan,.local £6 105.,. pickling, local 6s. cwt.;. cabbage, choice 6s.' to 95., ordinary. 3s. to 4s. 6d. per sack, poor 9d. to Is. 6d. per sack; cauliflower, choice 7s. 6d.' to 9s„ others 3s. to 4s. 6d.; Nelson green peas, 2s. ,6d. per pcclr; carrots,' Mutt 6d. do/.., a nd 4s. 3d. per sack; turnips, white, 6d. doz.; swedes, 2s ?to 2s. 6d. per sack; vegetable. marrows, 3s. pel' ; sack; pumpkins; 3s. sack;' pie melons, 3s. to 4s. per sack; lcttuce, choice 4s. 6d., fair.2s. 6d. to 3s.' per ease; spinach, best ,4s. 6d. per case; spring onions, lOd. to Is. doz bundles; rhubarb, hothouse sd. to 6(1. bundle, outr.ide 6s. to Bs.-doz.; apples, chokers, large, 4s. 6(1. to 7s. 6d„ small 3s. to 4s. case, dessert, well coloured' 7s. to 9s. 6d.,. others 4s. to ss. 6d. per case; butter, separator ,'lOd., bulk 10£ d. ■ pats, ■ 'dairy, lOd. per-lb.; cheese, .best factory .mediums 6Jd. per lb., '.oaf 7d. per lb., dressed pork, 70's to 90's 43d., 9l)'s to ICO's ,41d.,vbaconers 4(1. to 4Jd., choppers (heavy) • : 2id.; eggs, fresh, lid. per doz. (good dc-

raand); bacon, factory sides 7d„ rolls Bd.; hams, 9(1. per lb,: honey, 3ld. to <d. per lb.; beeswax, Is. 6d. per lb.; fungus, keen demand at sid. per 11).; walnuts, sid. per. lb. (wanted);, tallow, tins, 245. • cwt. Poultry—Cocke'rcls,';'ss'. 6d. to. 6s. 6d. for- good birds; small, 3s. 6d.; tablo roosters, 4s. to 55.; tablo liens, 3s. 6d.; small, 2s. fid.; ducks, large, ss. to 6s. 6d.; small, 3s. 6d. pci' pair; turkey gobblors,. 9d. per *lb.; hens, Bd. per lb.;'livo weight. FRUIT AND PRODUCE REPORT. Tho Now.Zealand Fruit and Produce Co., Ltd., report for the week as follows Owing to largo shipments .'from Hobart and I 'Sydney prices for fruit have been easier.. The demand. for vegetables continues good. Potatoes from Australia have advanced in price, consequently. the prico here shows an inclination to advance; onions are selling very slowly. The following ' are the current.- prices for the week:—Potatoes, New Zealand Bs. 9d. to 9s. 3d.' cwt., Australian, Bs, to Bs. ,6d. cwt.; onions, 7s. to 7s. 6d. per' cwt.; swedes, Is.; carrots, ss. 6d, to '7s. sack; parsnips, 10s. to 10s: 9d. sack; cabbage, 7s. to 10s. 9d. sack; turnips, 3s. to 4s. sack; cauliflower, 6s. to 10s.' 6d. sack; pumpkin, 3s. to 4s. sack; .peas; 3Jd, to 4d. per lb.; lettuce, 2s. to.3s. 6d. case; cue,umbers, lis.-to 13s.case; celery, 2s. to 4s. doz.; apples, Washington 7s. 9d. to Bs. 6d„ Ston'o Pippin 7s. to Bs., Itokewood 7s. to Bs. 6d., Sturmers 6s. to 75.; Hobart apples,- Scarlet Permains j9s. to 10s. fid., . Stone. 3?ippin 7s. to 8s„ -French Crabs Cs. to 75.; lemons, 7s. Ito 6d.; 'pines, iOs.vto 125.; bananas, 15s. to ,18s.; passion fruit, 9s. 6d. to. 10s. fid. .bos';: mandarins, bushels Bs., gins 35., packers! 6s. 3d.;, eggs, lid. to Is. doz.;, chaff, £5 to £5 155.; oats, A-grade. .'Gartons;. 2s. 1 Bd.; , : . rice;, 6s.' 6d. \'s£lb;)- mat: bran.. 7s. 9d. sack: wheat, 3s. 9<l.,'to' 4s;'3d. bushel; straw, 2s. to 2s. 3d. 'bale; pollard,; £6 ton; peanuts, 235., sack;, ducks, 4s. l 6d. to 6s.' pair; liens,-'3s. to 3s.' Cd. pair. . • '."--■ ; .-, . -v • BANK' OF ENGLAND RETURN.' ■ .'• . ' (Eec.' Sept. 23, 5.20 p.m.) . ,By Telegruph—Press AsßoclaUqnT-Oopyrleli' ; ..' - London,. September 22.; . •: The Bank of Ensjlhnil return issued/for' the week ended, Wednesday September 21, is asunder:— • ... ■ .. : W';: '■ ) ISiIUK Dkl'AltTlir.NT. ' Roto Issue ••• i's(i,o?ii.'o(X) .Gov. debt ... £11,015,005 ': : other eccuri- '. ■■ tios ... "7.434.000 . . Gold ... 37.621,003

•Dm leading iteniß of the Bank of;Eng. ■ land return alford the following comparison This week • Xiast wook. lostyoar Bullion: i.v . v..,' 37,021,000 38.2J1.003 38,013,000 Reserve ... 23.431 .UOO SO.EOj.OW 88.091X00 Nolo circulation 2«&,0C025.654.U0J 28.968,000 ■Public Deposits li<Blj.oUJ,.'H,iji*7,UM , fc.ffifc.uai ,Other Deposits;l::43,s3ti,OJU-> 48,7M),tM) VIJ.7IO.OUJ FroporUon:'6l f ; V'; ■ : ■ • retservo to ' ■ ; • ;liabilities ...V 53.30 '. , 53.43 52,77 . GOVERNMENT SECURITIES./ '- Ths followine are tho latest quotation! for Government' securities, . with a compari'Hon ot Athosp ruling, laet week:—

"BANK RATES OF INTEREST. The Bank of England discount rate was raised on October 7 last from 2i to 3 per cent., on October 14 to 4 per cent., , and on October 21 to 5 per cent. On Dcccniber-9 it was reduced to 4£ per cent.; on January'2o to 3J per cent., and on February 10 to 3 | per cent. On March 17 it was again raised 1 to 4 per cent., ou June 2 it was reduced to 3£ per cent, and on Juno 9 to 3 per cent. The Bank of France rate was reduced from 3$ to 3 per cent, on January 23, 1908, .and . remains at tho latter figuro. The Imperial Bank of Germany, on September 20 last, ndvanced its rate .from 3i to 4 per cent., aild on October 11 to 5' per i lowered ' same on January 21 to 4£.per cent., and'on February 10 to 4 per cent. • ••. 1 MARKET RATES OF .DISCOUNT. ' The following ,are the market rates for .best three months' bills;— , ' London Paris Berlin rate. ; rate. : . rato. ' per cent, nor cent per cent. -. This .weeir 213-16 20 ' 32 . Last week 21 23 3g . Last year • 113-16 2 : 2} Short loans are quoted in London at IB per cent., as against 10 per cent, in-tho previous week, ami 18 per cent, a fortnight ago. i .. ' .' COLONIAL AND OTHER PRODUCE. # Wheat.—The markets aro inactive,'closing slightly firmer on smaller world's shipments, less pressuro to sell Russian wheat and hotter quotations . in /tho United States; ;A cargo'&old'at'3Bs. per quarter, with, littlo inquiry; 395. is asked for New South Wales, afloat 38s. "6d.; South Aus-' tralian, September-October . shipment, 365. 6d. paid; Victorian. steamer parcels, poor demand. Australian, on spot, 395. 6d. to 403.; Ifew Zealand is neglected. . , Flour is quiet.. Australian,'on' spot, 2Vs. 6d.' Oats are Old Gartons, 18s. fid. to 215.; : Sparrowbills,., 17s. 6d. to 205.; La Plata, September-October shipment, 13s. 6d. .. Buttor. is quiet.' ' Danish, 116s. to 1175.;' as j compared with 116s. to 117s. last week. ; I Colonial is .unohanged; : Supplies are insufficient to create a. market.. The quality of the. new Victorian butter, is excellent.. Sugar'.—German 88dpg;, - 7d.. lower, at lis. " Bd. per . cwt.; first-mark granulated, f.o.b. Hamburg, Is. 3d. lower, at 14s. Bd. Bradford . Tops.—The market -is firm and unchanged. ' , • ' - TIIE METAL MARKETS. Copper.-rOn spot, ss;/higher, at'£ss 2s. Gd. per ton; three months', 3s/ 9d. higher, at £55 165.. 3d. • • . . Tin.—On spot, 405.. lower, at £157 10s.'per ton; three months', 155., lower, at £157 ss. Spelter; 7s. 6d. higher, : at' £23 7si.'6d. per ton." • Pig-iron, '4d.: lower, at 495.' per cwti i-V;,S - SILVER,. 8 ' • V IBy Telegraph—Press Association—Copyright. ; " /•: •■ .. . London, September 22. • Bar 'silver is quoted at' 24 7-16 d. per ounce standard. .; ; INDIAN JUTE CROP, vi. Calcutta, September 22. . The Indian. Government's final estimate of the jute crop is 932,790, bales below 'that of last season. Prices m : London ; have declined by 355. *v/\\ • .'FROZEN. MEAT; - Messrs. i Daigety and Company, Limited, report, having. received 'the following cable ; message .from, their London liouso under date' September' 23i—Since our last wire' mutton' is.; id. per' lb. :higher, and some-holders-are-asking for- more. Beef: £d. per. lb. higher; Lamb: Jd. per lb. higher. GRAIN AND . PRODUCE.,, -;(By; Telegraph.—Pre*.--; .Association.! - Christchurch, September 23. • The wheat market is: weaker, and. the shippers have. now practically completed their purchases 'to . fill: the; space- engaged on the steamers to carry wheat at a 15s; freight. . It' is not .yet : lmown whether any "further space will be available at tho same rate. : Millers are • still out of the market, so that, sales aro ..now difficult to effect,- and ;nono are- reported to* have taken place, .during\ tho., last few: .days. 7 '"o- .. :'- X V In all; other sections'.of'.'tho-grain, and esccpt'-seedsVJbusiness is' very:--quiet;/,■ . • Pdtatoes-are slow. in'scomingifonvard, as. are'-.busy with spring; work,; and supplies* in .tho handsi;of. growers vare . believed ' to-, bo. limited. Thcro -is • not much' demand, however,. as Victoria is .still' sup* plying: tho .northern, markets. ,

■ '-.'i £';■ Butter.-. ' L.. =.10,306 -. 11,622 Oheese ■ 403. ' 974 Boot '459 : 37,256 Mutton. : ....v...: 1 .14,368 ■ 11,778 .Legs and pieces ' :4M . ' 21 Lamb- 10,473 . ... 15,440 Wheat '-14,583'.. 827 Oats 2,110 < ; ' 36,051; Potatoes ' ..V......."... . 230 190 NX Hemp ; .V 9,734 •. ■ .. 4,325 'Kabbita 1,988 2,620 Tow. 193. ; 377 Kaurii Gum- 4,022 41,039 Grain arid-puiso ...............V 484' 2,363 HOPS'- .867 - 1,122 Hidea 11,155 , 9,741 Skins ; 27,309. .40,893. Tallow' ..;.... 11,141 .'14,343 Timber : ,...i '6,805 . '.19,800 Wool 33,398 ' 40,305 Gold 52,880 64,828

. ■■■■ ' £50,0.0,003 " £56,070,1.00 BiSKING Dr.rATiT3tr.ST. .Proprietors' . , ' ■ Govt, securi- .* q&pital £14",653,000 ties...: ' ... £15,260,000 Publiodo- . .' -.Other Eocuri- ■: ; .'.posits.. ... 32,456,000 ties... v..' 2D,lli,000 Other deposits ... 43*535,000 Kolas 28.43J.C00,' Rest, 7-day '."< and other .. • ' Coin ... .> „ : 1,471,000 bills... ... 3,703X00 ; £74,583.000 ■ £74,2H3,COO

W'".V V-r Variations' - ' compa'.ed> ;'i V. ' Price.. .. -with <V t'-.- ■ •• i . •• • • ■ laBt W60k. : .' . . £' ■. d. - 2j% Imrorial Consols . 8J ; 7 6 2s.6d; lower { '4 • ,,N.S.\V.1933Jan.-July 105 .2 6 2s.6d.lii her' :3§ ,;N.SAY.M8' .ar.'-Sop. ' 98 .0 ,0 Uucbauged 3 „N.S.NV.l035 Apl.-Oot. 86 10 0 2s.6d. lower; i i.Vio. 1920 Jaa.-July: lti2 0 0 Uncbangod Vic. lWi-0 Jaii.-July yd 2 u ' 2s,iid.hikiior, S Vic.l&fl-iiOJan.-July ' E5.10' d Unchanged 3£ „ S,A. 11*16 Jain.-July ; ■ >; ! -9/. 5 V 0 Uncbanfied • 3 ,v,S.A.-lJlt> Jari.-July-' , - 83 10 0 ."Unch'antfed i ',;QTdl'J15-2iJan.-July 102 U 0 .Unchanged. 3ft';-.. 0'l'dl(Ui-30Jan.July • 93 0 0 Unchanged 3 . 65 . 0 0 Uncbangod; <i „N.2.,19-29 105 2 G Unchauged! .Si ,;NjZ. 19J0 Jau.-July:-. ; •; 05. v 5-0 Unchanged Aprll-Oct.v fcG -10 0 Urichamjod : W.A.1B2W0 May-Nov &7 10 ' 0 Uiicuaugod S 68 .0: 0 - Unchanged, ia .. Tas; 1W0Jari.-July . 09.'0 U Unchangod ; b. I'as.rjflMO Jan.-July » 66 0 G -Unchanged