COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 954, 22 October 1910, Page 8

COMMERCIAL ITEMS.

INTESTMENT SEAEES Yesterday was an exceptionally quiet day on the Stock Exchange. Only one transaction in investment shares was recorded, Wcstpnrt Coal .shares changing hands at £6 Bs. 3d. There were a fair number Of quotations:— Buyers. Sellers. Sales £ s. d. ' £ s. d. " £ 6. d. National Bank 5 15 0 5 16 6 — K.Z. Loan and Mercantile 010 0 — — N.Z. and-Elver Plate - 2 1 0 - Well.-Trust & Loan 7 10 0 • - — . Ghristchurch Gas .. ■ — ■ 9 16 0 — ■ Well. Gas (£6 155.) - 13 15 0 — Well. Gas (new) ... — 212 6 - Standard Insurance 15 6 — — Ohrjstchurch Meat 14 2 6 — - — Gear Meat (£4) ... 12 5 0 - - Gear Meat. (£1) ... 3 2 0 — — Well.'Woollen (prof.) 2 15 6 - - Westport Coal ....... — — 6 8 3 Westport-Stockton 0 7 0 - • — Loylaud-O'Bi'icn ... 1 7 3 — — Miramar, Ltd. (135.) — 0 3 0 — N.Z. Con. Dental ... — 12 0 — N.Z. Drug -. — 2 11 0 — N-.Z. Portland Cc- . ' inent ' — 116 0 — ,-' N.Z. Paper Mills ... — 1 4 0 — Taringamutu Totara, 2 3 .0 2 4 0 — ■ Customs revenue collected at the port of Wellington yesterday amounted to £3011' 18s. Id. ■WELLINGTON MARKETS. ' ; .The New Zealand Farmers' Co-operative Distributing Company report prices for the week, as follow-.—Potatoes, prime local £9 to £10, Australians £9 per ton; potatoes, seed, specially selected. Canterbury Up-to-Dates, £10 per ton; onions, Australian, £8. 10s. per' ton; cabbage, choice 3s. 6d. to 45., ordinary Is. 6d. per sack; cauliflower, choice, Us. to 12s. per sack; Nelson green peas. 9d. : to Is. 2d. per peck; carrots, Itutt, choice, 9d. doz.,. and Bs. 6d. per.sack, others.6s.; turnips, white, 7d. to Bd. per doz.; swedes, 6s. per sack; pumpkins,6s. to 7s. per sack; lettuce, choice 3S. 6d., fair 2s. to 3s. per case; spinach, best, 2s. fid. per case; spring onions, Bd. doz. bundles; asparagus, 6d. to lOd. bunch; -rhubarb, outside, £s. to Bs. doz.; apples, cookers, large ss. 6d. to 6s. case/dessert, well coloured Bs. to 9s. 6d. .per case; butter, , separator lOd. bulk, IOJd. pats, .dairy lOd. per lb.; cheese, best factory mediums 6id. per lb., .loaf; 7d. per lb.; dressed pork, 705.t0-go's .4Jd.; 90's to. lOC's 4Jd„ baconers ,4d. to 4Jd,, . choppers (heavy) 2Jd.; ,eggs, fresh, lljd. to' Is. per doz.; bacon,. factory Sides 7d.; rolls Bd., hams 9d. per lb.; honey, 3Jd.-to 4d. per lb. (slow : of sale); beeswax, Is. 6d. per'lb.;', fungus, keen, demand at 5Jd. per .lb.; walnuts, 51d..per'lb. (wanted); tallow,: tins, 275. cwt. -Poultry— Cockerels, ss. 6d. to 6s. 6d. for good birds; small, 4s. -6d.; table roosters, 55.; table hens, 45.; ducks, large, 6s. to 6s. 6d.; small, os. per pair; turkey gobblers,-9d. per lb.; lions, Bd. per lb..live weight. . The> New- Zealand Fruit and Produce Co. report prices for tho week as follow:— Potatoes, New Zealand lCs. 6d. to Us. 6d. cwt., now £70 ton, Australian 9s. 6il. to 10s. 6d. cwt-.; onions, 7s. to ; 7s. 6d. cwt.; marrows,-;ss. sack; cauliflower, 12s.- to 15s. sack; pumpkin, 75.-to'Bs. 9d. sack; tomatoes, Is. lOd. to 2s. lb.;,asparagus, 6d. to Bd.- bunch;'peas, Is. to Is. 3d." peck; carrots, Bs. 6d.. to 10s. 6d. sack; parsnips, 10s. to, 12s; sack;, cabbage, 25.. to 35. : , 6d. Gack; turnips, 4s. to ,55.. 6d. sack; spinach, 2s. 6d. to 3s. case; lettuce,. 2s. to 4s. ea6C; cucumbers. Us. to. 135.. case; rhubarb,..ss. to 6s. doz.; Hobart apples,: Scarlet Permains 10s/ to -lis., Stono Pippin -7s. to .Bs., . French Crabs Bs.- to 95., .Stunners 9s. to 10s. 6d.; lemons; 9s. to 10s. 6d.; pines, 10s. to 125.; bananas, 15s. to 18s.; oranges, 17b. to 19=.; passion fruit,' 9s. 6d. to 10s. 6d.; mandarins, bushels 18s. to 195., gins 205., packers '14s.'to 155.; eggs, Is. per doz.; chaff, £5.

to £5 15s. per ton; oats, A grade Gartons, 2s. 6d. to 2s. 7d.; bran, Bs. 3d. sack;wheat,3s. 9d, to 4s. 3d., bushel; straw, 2s. to 2s. 3d. bale; rice, 6s. 6d. (561b.), mat; pollard, £6 ton; peanuts, 235. sack; ducks, 4s. 6d. to 6s. pair; hens, 3s. to 3s. 6d. pair, LAND COMPANY LIQUIDATION. By Telegraph—Press Association—Copyright. London, October . 20. At the meeting of the Agency, Land, and Finance Company, the chairman stated that since the drought properties had realised £650.522, from which debentures had been paid in full. Tho company expected to return the shareholders from live shillings to six shillings a share after liquidation. ' Regulations for windingup wero approved. BANK. OF ENGLAND RETURN. By i'cloirraph—Press ABsociation-Oopyrisht ',' . . (Rec. October' 21 ,7.40 p.m.) London, October 20. Tho Bank of England return issued for the week ended Wednesday, October 17,, is as under:— Ibsoe Department. , NoteSlssue... £19.087.000. Gov.aobt ... £11,016,000 ■ Other eecuriI ■ . • ties ■ ....' 7.434,000 Gold „. 30,638,000 " £49,087,000 . £49,067,0)0 ' BANmNG. DBPUVTimXT. Proprietors' Govt, securicapital £14,563,000 ties.;. '. ... £14,081,000' Public d'e- Other securi- . posits ... 7.093,000 ties 5J.962.000 Other do-, posits ... 41,925,000 Notes ■„. 21.47J.C00 Best, 7-day and other Coin ... ' „ . 1,328.000 bills... ... 3,174.000 : . £6i3,745,000 £66,745.000 The leading items of the Bonk, of Eng.. land return afford tho following com. parison:— ■ '* - Thisweok. Lasfcweek. Lastyear : '£ £ • £ BuUion ... ... 30,038,000 32,270,000' 31.507,000 Eeßerve... ..; 22,60-2,000 24,353,000 22,323,000 Nole circulation 27,613,000 27,8;5.000 20,037.(5C0 Public Deposits 7,003,000 6,344.000 6:382.000 Other Deposits 41,025,000 45,499,000 40,483,000 Proportion of ■ resorvo .to liabilities ~„ 40.49.' 46.94 • 47.6 \ GOVEKNIIENT SEOUKITIES. ■ The followine are.the latest quotation) for Government securities, with a com-. pacißon of those ruling'last woek;—

BANK KATES' OF INTEREST. ! • | ."[■ .The Bank of England discount rata '.was reduced on January 20 last from'■<!- per

cent, to 3J per cent., and ou February 10 to 3 per cent. On March 17 it was raised, to 4 per cent., on Juno 2 it was reduced to 3J per cent., and on Juno 9 to 3 per cent On September 29 it wub .raised to 4 per cent., and on October 20 to 5 per cent., at which rato it now stands. Tho Dank of France rate was reduced from 3J to 3 per cent, on January 23, 1908, and remains at the latter figure. . Tho Imperial Bank of Germany on January 21 last lowered its rate from 5 .per cent., and on February 10 to 4 per cent On September 26, the rato was raised to 5 per cent. MAKKET HATES OF DISCOUNT. The following are tho market rates for best three months' bills-.— London Paris Berlin rate.. rate. rate. per cent, per cent, per cent. This week — — — last week 39-16 22 4 '. Last srear5 r ear • I'd 2J -■- . 4{ (The. rates for three months' bills have not been sent through.) Short loans are quoted at £3 12s .6d. per cent., as against £2 ss. per cent, last week, and £5 16s. per cent, last year. | ' . . ' . . COLONIAL AND OTHER PRODUCE. Wheat.—Tho markets are inactive and tending downwards on easier American quotations and heavy world's shipments. Chicago December wheat is quoted- at 933 cents to 943 cents. There is little inquiry for cargoes; 375. is,asked for South Australian October-November shipment, 375. 3d. for Yictorian October shipment, 365. 9d. from all three ports (Sydney, Melbourne and Adelaide), December-January, shipment; 355. 9d. for South 'Australian parcels afloat. There is small demand for Australian on spot at 375. 6d. to 38s. 9d.; New Zealand, average, 335. to 3<s.; inferior, 325.; superior, 345. 6d. to 355. Flour is dull • and unchanged. Oats are quiet. ■ New Garton6, 17s. 6d. to. 195.; Sparrowbills, 17s. to 185.6 d.; La Pla"ta,. October-November- shipment, 13s. 3d. , Beans' arc easier. Old New Zealands, 345: to 343. 6d.Butter.is Bat. Choicest Australian is selling, well;. salted, 110s. to' 1125'.; unsalted, 112s. to U4s., and occasionally 1165.; secondaries are practically unsaleable and nominally quoted at lMs. .to 108s. Tho market closes weak and feeding downwards. ■■'''<■ Sugar.—German beet,'. 88deg., 3d. lower, at 9s. 3d. per cwt. ;■■ first-mark granulated, i.o.b. Hamburg, sid;,;lower at-Us. 4Jd. •Bradford Tops—The'market is quiet. Thequotations: are.:as follow:—Forties, *d. lower at 14d. per lb.; forty-sixes, id. lower at 16s;; fifties, id. lower, at - 2Cd.; ■ fiftysixes, id. -lower, at 23d.; common . sixties, unchanged, at*.27d.; super sixties, unchanged,'at 28d.; sixty-fours, unchanged, •at 284 d. Merino counts are three halfpence lower for future delivery. THE . METAL. MAEKETS. :Copper, for.forward delivery; £57 12s. 6d. per ton; electrolytic, £69. ■ , ".' Tin,' on spot, £8 higher, at £173 per ton; three months', £6 10s. higher, at £166 10s. Pig-iron, 3d. lower, at'49s. 6d. per ton. Lead,. 7s. 6d. .'.higher, at £13 6s. 3d. per ton. .;' ' .•' •'' ,' i . . ' . . Spelter,'ss. higher;, at-£24 per ton:. ' ■ i- '- ' .■','■ /. ■ IMPEEIAL CONSOLS. By Telegraph—Press Association—Copyright. ■:,-;. .-'.,'■'■ London, October 20. Consols touched, £79:155.i and, closed at £80—3s. 9d. lower. thanJat. last quotation. ■; ■■- ;-, - siLVEE. :'.;'■■-. By Telegraph—Press Association—Copyright. . . ' London,! October 20. Bar silver is quoted at .26id. per ounce standard.. :,.'./.'.

LONDON MINING QUOTATIONS. By Telegraph—Press Association—Oopyrieht. London, October 20. I Stock Exchange quotations , include:— Waihl GoldminiiiK, buyers 128s. 9d.. sellers I 131s. 3d.; Junction, buyers 335. 9d„ sellers 365. 3d. ■■' SHEEPSKINS. Messrs. Murray, Roberts and Co., Ltd., have received the following cable message, from their London friends, Messrs. ■ Sanderson, Murray and Co., regarding the sheepskin sales, dated October 20 :-r"Shcepskins, merino, market unchanged to an occasional slight decline.. Crossbred skins declined one farthing per lb." The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London houee, under date October 20:—Sheepskins: Merinos and short and shorn crossbreds are Jd. per lb. lower; 'combing crossbreds, from id. to Jd. per. lb. lower. Tho Bank, of New Zealand has received the following cable advice from its London branch, dated October 20:—"All kinds of sheepskins are down par to 5 per cent. Current prices are: Sid. per lb. for fullwflollcd merino; sd. per lb. for short and shorn merino; lOd. per lb. for full-woolled crossbred, fine; 83d. per lb. for full-woolled. crossbred, coarse; 9d. per lb. for half to three-quartcr-woolled crossbred, fine;. Bd.. per lb. for half to three-tiuartor-woolled, coarse; 53d. per lb. for short and 6horn crossbred, coarse." LONDON MARKETS. Messrs. Dalgety and Company, Limited, have received the following cable from their London house, dated October 20:— Frozen . Meat.—Mutton: Firm, but prices unchanged. Lamb, id. per lb. higher. Beef, nominally Jd. per lb. lower. Frozen is not offered at the moment, as chilled is cheaper owing to heavy arrivals. Sheepskins: Sales have closed with a firmer tendency. As compared with the closing rates of last series, the market for ■ good combing merino is unchanged, other descriptions' being par to 3d. lower. Prices for crdssbred skins are Jd. lower. , . CANTERBURY GRAIN MARKET. "■ (By Telegraph—Press Association.! Chrlstchurch, October 21. . Private cable advice has been received to the effect that the London market has declined 6d. per. quarter. There is, however, practically no business being done by. shippers, who have filled their requirements, so the decline is not -likely to affect the local market.. Farmers who; have still wheat on hand aro not offering, and, until the millers come into the market again, transactions are likely to'be limited. No sales of any consequence are reported to have taken place during; the week. Oats are • very firm, as. was indicated by the prices paid at the auction sales of grain to-day. Potatoes have still furthor advanced, and| £8. ss. is now offered at country stations, :but it is stated that £1 more than this has been refused. All classes of butter have been reduced Id. per lb., the wholesale price- of factory butter now being 12d.

. Eeports of Live Stock and Wool, Skin, and Hid© Salee-.also Mining News, will bo found on page 7 of this issue.

In Switzerland clocks are now being made which do not require hands and faces. The timepiece' merely stands in, the hall, and you press a button, when, by means of the phonographic internal arrangements, it calls out, "Half-past five," or . ''Five minutes to nine, aB the case. may. be.

' ■ '', Variations'. ■—'■.; compared ?rico. with ' ' last week. • • ■.■ '.■ -i.-«. a. ■ : .2}% Imperial Consols 60 0 0 3s,9d. lower 4 „N.5.W.1933 Jan. July 105 0 0 Unchanged 3j„N.S.W.i918jiar.-Sop. ; 98 Q 0. . Unchanged 3 „N.b.\V.1935Api.-Occ. 86 0 0 10s. lower i „ Vie. 1920Jau.July. 102 0 0 Unchanged3i ,. Vic. 19il-6 Jan.July .68 0 0. Unchansed 3 „ Vic. 1829-10 Jan,July 85 8 0 5s. lower 3b „S,A. 1910 Jan.July 93 10 0 ■ Unchanged a „S.A. Ulti Jan.July 83 10 0 Unchanged t „Q'l'dl915-2i Jan. July 102 10 . 0' Unohongod S4.„t!'rdl9il-30Jan.July S3 0 0 Unchanged 3 „QTdl92'2-i7Jan.July Si 10 0 Unchanged ■i „N.Z.1920May-Nov. . 10310 0 .Unchanged 3j ,',-N.Z. 1910Jan.July. -96 10 0 10s.hi her 3 .„N:Z.101:..M>ril-Oct.. &G 2 . 6 7s.6d. lower 34„ W.A.1920-WMay-Nov ,96 0 0 Unchanged 5 „W.A.1915-S5May-Nov' SSIO 0 Unchanged ■ih „ Tas. 1910Jan.July . 99: 0 0 Unchanged 8 „Tas.l0a-<0Jan.July 86 0.0 Unhanged