COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 962, 1 November 1910, Page 8

COMMERCIAL ITEMS.

..'■:'.'" INVESTMENT BHAEES. ,-; The, investment sharemarkct< was very quiet,yesterday,..there, were , no transactions recorded, and there were very few quotations., .'' Bayers. Sellers ■■ £s. d, £ s. d. National Bank '. .- — 5 16 0 Equitable 8ui1ding'......... 912 6 — S.B. Insurance — . • 3 5 0 Ohristchurch. Heat ■..; 14-5 0 ■ — Gear Most (£1 paid) 3 2 6 — Meat Export. (525. 6d.) ....;. - . 3 4 0 Well. Woollen (ord.) ...... 3 14 0 3 16 0 Well. Woollen (pre:.) ... Z 16 0 - Taupiri' Coal :.... 10 0 — Westport Coal ; 6.76- — N.Z. Con. Dental 110 12 3 N.Z. Paper Mills 13 6 14 0 Taringamutu Totara- ...2 3 0 2 4 0 Ward and Co ; s'o'o ' 5 4 0 The course of sales during the month of October was as under:— ; Bank of New-Zealand; £10 6s. - National ■ Bank, £5 15s. 9d., £5 15s. 9d. Equitable Building, £9 12s. 6d: • Wellington Trust and Loan, £7 10s.■•■ ' Wellington. Deposit, Bs. 3d., Bs. 3d. Christchurch Gas, £9.125. 6d. Wellington .Gas (£10),'.£19, .£l9. ''.'■' Wellington Gas (now), £2 10s. prem. South British Insurance, £3 75., £3 6s. 9d. Standard Insurance,, £1 6s. N.Z. Shipping, £10. " Wellington Woollen, ordinary, £3 14s. Wellington Woollen, preference, £2 165., £2 16s. . •■ ■ ■ . Taupiri Coal, £1, £1, £1 Os. 6d. Westport Coal,. £6 Bs., £6 Bs. 9d., £6 Bs. 3d., £6 7s. N.Z. Con. Dental, £1 25.N.Z. Drug, £2 10b. N.Z. Paper Mills, £1 3s. 6d. N.Z. Portland Cement, £1 15s. 3d. ■Leyland-O'Brien Timber, 275. 6d., 27e. 3d., 275. 3d., 275. 6d., 275. 6d. Manning and Co., £4 2s. Canterbury Farmers' Co-op. (Timaru), £2 17s. 6d., £2 17s. 6d., £2 17s. 6d. Sharland's ordinary, 225., 225., 225., 225., Saarland's preference, 225. ' . Taronaki Petroleum, 95., Bs. 6d„ Bs. 6d., 95.. 10s., 10s. . Taringamutu Totara, £2 3s. 6d., £2 3s. 6d. . DENATURED ALCOHOL. . ,British manufacturers of industrial pre. parations containing alcohol were to have held a national conference in London recently to discuss measures for securing greater facilities for the manufacture and storage of such spirits in bond. It is complained that manufacturers in Great Britain are seriously handicapped in competition with ,their Continental rivals by being compelled ,to pay ,thb duty on; all spirits before' the process of manufacture is entered upon, the manufacturer having thus *.c lie out of his capital, until the manufactured article passes into tho hands of 'the distributors,- which practically means into consumption. In Germany manufacturers are granted six months for the payment of excise duty on alcohol, on. proper security being given, while in Austria a similar respite of from.four months to two years is granted. So far as Con- | tinental competitors—who are naturally • those most seriously considered by British manufacturers—are concerned, it may be mentioned that during the last ten years the consumption of denatured spirit has increased in France by 360 per cent, to 13,750,000 gallons, while in Germany it has increased from 21,823,000 gallons in 1900, to 32,673,000 gallons in the last financial year, having been in the interim as high L*a iLflaniffi) callous. *"■ U"» United Kine.

dom, on the other hand, the consumption of industrial alcohol during the last financial year for which figures arc available amounted to only 6,280,000 gallons, whioh compares with 4,984,000 gallons in 1399-1900. ' CUSTOMS AND BEEF, DUTY. Customs revenue collected at tho port of. Wellington yesterday amounted to £2044 lis. 7d. The net Customs receipts for the month of October totalled £63,615 15s. 7d., as compared with £57,556 ss. 7d. for the corresponding month of 1909. Tho beer duty collected last month was £1156 Is. 6d., as against' £1101 Is. in October, 1909. OCTOBER EXPORT FIGURES. The values -of- the principal products exported from 'Wellington during last month (as compared' with the figures for October of last year) show as under:— Oct., 1910. Oct., 1909. £ £ Butter ; 36.971' 26,862 Cheese .-.. 12,-841 10.«8 . Beef,\ : 11,690 5,827' Mutton 3,720 15,979 Legs and pieces 2.387 5,326 Lamb 5B 1,651 Hemp ......: 17,537 17,430 . Tow '.: - 1,314 783 ■ Hides- ;._ 7,243 3.898 .- Skins - 11,591 14,395 Tallow 7,830 - 12,652 .. Wool U. 417 J^S!) . .. , 130,599 , 123,784 THE OUTLOOK FOR WOOL. (By Telegraph— Special Correspondent.) Kapler,' October 31. Interviewed on the wool for the coming I season, Sir. J. G. Herdman, .manager for 1 Messrs. Dalgety and Company, • said:—"As i far ; as the quality is concerned, it. is not 'quite up to that of last year. It seems to be shorter iu staple, and not in such; j jo.od order generally. It is very light in grease for this time of tho 'year, and much of it is inclined to be wasty. As regards prices, unless there is ho change in tho American market, wo need not expect any competition from that source. iowever, Americans might- come into the market any day, but. until they do, growers of wool suitable for America must face lower prices than those obtaining last year. Wool suitable for the Continent and Bradford should sell well —perhaps not quite ■up to last year's rates, but still at good prices. There will be. more competition than .was the case last year as a number of new buyers are coming from Bradford and the - Continent. From all appearances, the total catalogues should even exceed those, of last year, which constituted a. record for Napier sales. Clips from • growers who have never before sold in the local market will be I sent in this season, and at least' 6000. bales (double tho quantity offered- at tho first sale last season) will be submitted on November 10—the date of the first of the 1910-11 series. ' ■

FKOZEN MEAT. • ■, I By Telecraph—Pross Association—Copyright j ■' London;. October 30. Tho Frozen Meat Trade Association's ] Sniithfleld market quotations for the undermentioned classes of frozen meat- are based on actual sales of not'less than one hundred carcasses of mutton or lamb, and ' twenty-five quarters of. beef of fair average quality. The quotations are not for selected Hues, but for parcels fairly representative of tho bulk of tho shipments now on tho market. The. prices which follow are' on an average a farthing per lb. more than the value ex ship, this difference representing an average cost in expenses, handling, conveyance, and selling the, meat:— Oct. 22. Oct. 29. Mutton—. . . d. ' d. Canterbury, light .—~ —..' — ■ Canterbury, medium ....« — — .: Canterbury, heavy — , — Southland _.. 4 , 4 North Island, best 4j 4J North Island, ordinary.... 4 4 ■'■ Australian, "ght 38 , 3B Australian, neavy 3J ' 35-16 Hiver Pla'.<!, light ...: 3 9-16 ' 3J Eiver Plate, heavy ......... 33 3J Lamb-^- ' Canterbury, light 53 5? Canterbury; medium 51 5J ■ Canterbury, heavy 5J 5J , Southland 51 5Ji / North Island, selected... 51 53. North Island, ordinary... 53 58 .', Australian, best „ — — Australian, fair — — Australian, inferior — ..— River Plate .— — Beef- • ■ . ■ : New Zcalandi ox fores ..'. 1\ 28 '' New Zealand, ox hinds... 35 3j , Australian, ox fores ...!.. 2g ... 2J 'Australian, orr hinds .w.'3j- •. 3 Eiver Plate, ox fores ... 21 23 Eiver Plate, ox hinds ... 31 3j . Babbits—Tho finding of many bad rabbits in the Suffolk's cargo has caused a' scare in the-market. Colonial rabbits are practically unsaleable. Prices are nominally unchanged, and holders are firm. FOXSKINS. (By Telegraph.—Press Association.) London, October 30. At tho foxskin sales, first quality sorts declined, 10 per centum.. Second and third qualities were unchanged.

HIGH, COMMISSIONER'S CABLE. Tho Commerce and Tourist. Division of the Department of Agriculture, Commerce and Tourists, has received the following cablegram from the. High Commissioner for New- Zealand, dated London, October 29. Quotations, unless otherwise specified, are average market prices on spot:— Mutton.—Tho market is a shade weaker! Canterbury 4id., North Island 4d. per lb. Lamb—The market is very firm. Canterbury 5?d., other than Canterbury 51d. per lb. ■ Beef.—The market is dull, and the supSly exceeds the demand. New Zealand inds :3}d., fores 2Sd. per lb. Butter.—The market is lifeless. A large supply..; of second-class quality on hand affects the market very seriously. The shipment of butter ex lonic arrived in good condition. : Choicest New Zealand. Butter ito-day is: 112s. (this ■ season's), choicest New Zealand butter (stored) today is. 1095., Australian 1095., Danish 1155., Siberian 104s. Cheese.—Tho market-is. firm, but.de-. mand'.jraly moderate;' Canadian 575. ' Hemp.—The market is lifeless. No change in prices, viz.:—New Zealand good fair, on spot, per ton, £24 10s.; fair grade, £21 10s.; fair current Manila, £21. . Forward shipment—New Zealand, good fair,, £24 10s.; fair grade, £21 10s.; fair current Manila,; £20 ss. , The output .from Manila for tho week wa5.,26,000 bales. Kauri Oum.—Tho market is quiet, and prices ■ slightly weaker. Ordinary to fair, three-quarters 6craped, £8 55.; fair, halfscraped, £5 2s. 6d.; brown fair, half to three-quarter scraped, 905.; brown pickings, common to good, 505.; bush, fair to good, pale, and amber scraped, £8 10s. Wool—The market is steady, with a very good demand. . . PETROLEUM. (By Telegraph.—Press Association.) ■ New Plymouth, October 31. Tho Taranaki Petroleum Company has received from tho Railway Department a further order for fifty barrels of crude oil for fuel. Work at the wells is proceeding satisfactorily, and applications are still coming in for preference shares.