COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 973, 14 November 1910, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAEES. A sale of Ward and Co.'s shares' at £5 3s. 6d. was the only transaction recorded on Saturday. The quotations were as under :— Buyers. Boilers. Sales £s. d. £a. d. £s. d. National Batik _..., — 517 6 — N.Z. and Eivcr Plate „..„ — 2 10 — Well. Trust and Loan 710 0 — — Ohristchurch Gas... 912 6 — — Feilding Ga« -.120 - Well. Gas (£10) - 19 2 6 - il. Gas (now) ... — 210 0 — N.Z. Shipping 1015 0 - - Union Steam 116 3 — — Well. Woollen (ord.) - 314 6 -■■ Well Woollen (pref) 2 15 .6 - - Taupiri Ooal 019 3 , — — Westport Coal 6-U 6 613 0; — Wostport-Stockton... 0 7 3 0 7 9 — Leyland-O'Brien .... ■ — 17 6 — Manning and Co. 4 0 0 — — Hrramar, Ltd (135.) — 02 6 — Taranaki Petroleum — 0 9 6- — Taringamntu Totara 2 3 0 — — Ward and Oo 5.. 3 6 5 5 0 5 3 6 IMPOSTS. INCREASING. First nine Gold. Merchandise. Total. Months. £ ■ £ £ 1907 1414,927 ... 36,813,063 ... 37,927,990 1908 ._.. 762,197 ... 38,468,522 .:. 37,230,719 1909' 697,422 ... 40,322,912 ... 41,020,334 1910 ~ 765,556-....42,703,944 ... 43,479,500 As to exports, it will bo seen tha,t shipments of produce are materially larger than they were last year, though there, has been a diminution in the shipments of duo doubtless to the necessity of holding larger reserves for wool-clip and crop financing, coupled with . the fallingoff, in production of the precious metal. The following comparison may be "made :— • EXPORTS OP PEOBTJOE-LABGBB.. First-nine Gold. .Produce. -'i Total.-. ' Months. £ '-£ ■ - .-•£'.- > 1907 8,034,059 ...38,684,816 ... 46,618,875 1908 11,935;925 ... 29,631,440 ...41,567,365 1909 6.271,652 ... 35,075.172 ... 41,346;734. 1910 3,811,137 ...42,183,536 ... 46,994,673 OTJSTOMS.Customs revenue collected,at the port of Wellington on Saturday amounted to £1200 13s. 6d., the collection . for. the week being £8580 14s. 7d. Compared . with the corresponding dates of last year, the. receipts for the past eight weeks show as under:— 1910.' .: / 1909. September 24 _ 23,542 .'„■' 17,192 October 1 „.. 11,171- .:. 19,202 October 8 • 21,318 ... 20,074 October 15 10.021- _. ■ 7,320 . October 22 , • 20,092 .„■ . 15,526 October 29 }; _.. 9,647 ... 12,345 November 5 22,534 ... 16,977 November 12 ■ 8,681 '... 6,252

v £126,906 ... £105,888 The beer duty for the past week totalled £220 Bs., as against £187 3s. for the corresponding week of last year. >> BANK OF ENGLAND RETURN. By Telesraph—lreas Association—Copyrish'. London, November 10. The Bank of England return issued for the week ended Wednesday, November 9, is as under :— , t ;-. lssue Sxpjuitkbki.' Note Issue,..;'. £49,636,000 Got. debt ... £11,015,00) i ' Other securities ... 7,«<.0r0 Soli „ 31.g37.M0 £«e,65i,000 X49.956.U10- . BiircrNa DipiKTsrnST. Proprietor!' Govt, securicapital £14,513,000 ties fH.OiI.OCO Public de- Other securipositß ... 6,607,000 ties... ._ 21,070,000' Otlier doposits ... 37,641,000 NotM _'" 21,514,000 Rest, 7-day and other Coin... _ 1,063.000 bills 3,377,003 iu2.I7S.OOQ' \] I fia.176.C00 The leading items of "the Bank of En:laud return afford' the following eom* parison.:— This week. Last week. Last year £ £■:■...■ ■ , i. Bullion ... ... 31,2:17,000 30,026.000 31,910,000 Reserve. 23,177,1*0 .22,005.000 • i-S.S-H.OOQ Note oircttlation 55,1W,000 ■2i,607,00U ' 2H.tiKl.ooo Public Deposits 1i.C07.000 6,570.U)0 5,654X00 Other Deuosits S7JHI.IMJ 38.412,000 39,175,000 Proportion of roaorva to liabilities ... 61.91 49.17 60.71 GOVERNMENT SEOUEITITSS. The following are tho latest quotations for-. Government securities, with a comparisou of those ruling last week:— ' - Variations _ ' compared -. Price. with ' last week. t i.id. 2i% Imperial Consols 78 15 0 15s, lower 4 „N.S.W.l933Jan.July 105 IO'O 6s. higher 34 „N.5.W.1918 97.15 0 ' ss. lower 3 „N.S.\V.MSApI.-Oct. 86 0 0 2sl6a. higher 1 „ Vic. 1920 Jan. July 102 15 0 15s.hi hor Jj „ Vic. 1921-6 Jau.July Si 15 0 fs. lower 5 ..„ Vic. 1929-49 Jan. July 84 10 0 20s. lower 3J ~ b.A. 1916 Jan.-July 9i 10 0 UEehu>Boa , 3 „5.A.1J16 Jan. July 83 10 0 Uoohanged i „Q'rdWlM4Jan..July 102 10 0 Unchanged 8i „ UTuMiMOJan. July 9a 0 0 Unchanged 5 „<JTUlidi*7Jan.July 34 10 0 Unchanned i „N.Z.1929 slay-Xo'T. 10310 0 Unchanged' »i „"N.Z. 1940 Jan: July 96 10 0 40s. lower i „N.Z.;l9lsApril.Oct. 86 0 0 Uncbaneed 3J„W.A:1920-40ilay-Nov ISO! Unchanged 3 „ W.A,lilld-i6May-Nov 8C 10 0 Unchanged 35 „ Tas. IWOJan.July 99 0 0 Unchanged 8 „'ta3.lit»-40 Jan.-July 86 0 0 Unchanged BANK EATES OP INTEREST. . Tho Bank of England discount rats was •reduced: on January. 20 last from 4j per cent, to 3J per cent., and on February 10 ; to 3 per cent. On March 17 it was raised ,to 4 per: cent., on June 2 it was reduced to 131 per cent., and on June 9 to 3 per cent ■On September 29 it was raised to 4 per cent., and on October 20 to 5 per cent., at which rate it now stands.

Tho Bank of Franco rato 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 rate was raised to 5 per cent. MAEKET HATES OP DISCOUNT. The following are tho market 'rateß for best three months' bills:— London ■ Paris Berlin rate. rate. rate. per cent, per cent, per cent. This week 48 23 4ji Last week 4J '25 & Last year 4J 2| 415-16 Short loans are Quoted at 4Jd per cent., as against 48 per cent, last week, and 43 per cent, a year ago. COLONIAL AND OTHER PEODTJOB. . Wheat-Owing to heavy shipments and increasing stocks, combined with favourable reports from Argentina and Australia, there is a general weakness in the tone of the wheat ■ markets in America Chicago December shipments sold at 87iS to 883 cente perbushel. Cargoes are fairly steady. For South Australian's afloat 355. 93, has been asked, and 365. for New South Wales steamer cargoes afloat, and 355. 3d. for throe ports. January-February shipments are obtainable at 355., but tho demand is small. Australian on the spot rules at 365. 9d. The American visible supply of wheat is 72,563,000 quarters. I'lour.-i-The flour market is dull. Bulinc prices are for Australian patents, spot 265. 6(1. Oats.—The oat market is auiet. Biver Plato November-December shipments are obtainable at 12s. 9d. per quarter.-' ■utter.—An altogether better tone prevails in tho buLtei' market. Danish is quoted at 114s to 116s. per cwt., an advanco of 2s. per cwt.. Choicest Australian salted made 104s. to 106., and unsalted 108s. to 110s., about the same ae last week. Secondary butters arc meeting with a rather better demand, inquiry at 965. to 102s. Choicest New Zealand rules at -110s. Sugar.—German beet sugar 88 per cent,, net titre, Id. lower at Bs. lOd. per cwt..; flr6t marks granulated. 2d. higher, at Us. Id. por cwt. ''

Bradford Tops.—Tho spot quotations are: Sixty-fours, 28d. per lb.; super sixties, 27id.: common sixties, 263 d.; fifty-sixes, 22Jd.; fifties, 19id. ; forty-sixes, 16d.; forties ,14d.. Tho quotations for future delivery aiu unchanged.

THE METAL MABKETS.

Ooppcr.-On spot, 2s. 6d. lower at £57 7s. 6d. per ton; three months. 3s. 9d. lower at £58 6s. 3d.; electrolytic. £59 15s. Tin.-On spot, 50s. lower at £164 10s. per ton; three months. 40s. lower at £165. Lead, soft foreign, £13 3s. 9d. per'ton: PiK-iron, sd. lower at'49s. sd. per ton.

HIDE AND SKIN SALE. Messrs. Balgety and Co.. Wellington, report:—At our usual monthly salo wo olfered a large catalogue to a full attendance of bUyere. Competition was keen for all lots offered, arid tho following aro prices realised:—

Wool—Our offering under this heading consisted principally of back-country crutchings and dead wool; only a small quantity of fleece wool being lotted, which realised, good market prices. Wo quote clean crutchings, 5Jd. to 53d.; medium. 5d to ssd.; inferior, 4Jd. to 43d.; locks, 3|d. to 4d.; pieces, from 43d. to 5Jd. Dead wool, extra clean and ■ good, Bid. to 83d.; good, from 7id. to 73d.; rough, from 6id. to 7d.; crossbred medium to coarse (in bags), Bid, to Bid.; inferior and log-stained, 7d. to 7id. Sheepskins.—Thee© realised good prioea

for Bound lots, but inferior and damaged 6kins were dull of sale, and prices were somewhat lower that at last sale. Wo quote:-Orossbred coarse, 6d., 63d. to 7d.: medium, 71d. to 7Jd.; fine. Bd.j hoggets, 6>d.; dead hoggets, sid. to 53d.; dead, to 63d.; pelts, 3jd. to 4d.; crossbred, inferior and damaged, from 41d. to 5d.; badly damaged, from 2id. to 3Jd. ■ Butchers: Crossbred, at per piece. Although these met with keen. competition, prices were slightly easier, in sympathy with other markets. Heavy crossbred. 7s. Jd., 7s. 4d., 7s. sd. to Bs.; medium, 6s. to 6s. 9d.; salted crossbred, 6s. 3d.; hoggctß, 45.; pelts, Is. 2d. to Is. 6d.; lambs, from Is. 3d. to Is. 7d. Hides—These sold at an advance of 3d. to id. per lb. Cows, best lines, from 6Jd. to 68d.; medium, from 6d. to 63d.; inferior and rough, to 6d.; ox, medium, from 63d. to 6Jd.; light cow and ox, slippy, from 51d. to-5Jd.; cnt, 4d. to 58d.; horse hides, from vs. to 9s. each. i Oalfskins.-These sold on a par with last .sale's prices. Best lots, from 9d. to to 9Sd.; medium,'B3d.; cut and slippy, from 63d. to 6Jd. Sundries.—Tallow, in tins, to 275. per cwt.; barrels and drums, 275. to 275. 3d.; horsehair, Is. 2d. to Is. sd. per lb.; cowhair, 7d. FEUDING MARKET REPORT. Messrs. A. H. Atkinson and Co., Ltd., report a heavy yarding of pigs at their weekly sale, with prices slightly more in favour of vendors. Tho demand is still more for well-grown sorts, weaners and slips not being so ready of sale, though we were successful in quitting nearly the whole of our entry under the hammer. Poultry, are still very short in supply, and keen in demand, particularly for anything fit for table purposes. Wo sold a fow good horses and ■ a quantity- of saddlery. _ Table potatoes are very scarce, and prices will repay any who have been able to hold their stocks. Some good furniiftire was also disposed of. Quotations:— Pigs': Weaners, 7s. 9d., Bs. 6d., 95., 9s. 3d., Ids." 6d., • lis. 6d„ 12s, ■135.. 13s. 6d.; slips, '65., ;10s 3d,, lis:, Us. 3d., lis. 6d., 125.. 12s. 6d!, 15s. '3d.;, stores,. 18s. 6d., 21s. 6d., 235., ,265.; 6d.,,'275.'6d.; porkers, 325:, 335.;. young boar,' 18s.. 6d.'; sow, in pig, £3.. Poultry, per .>pair:Hens,'4s., 4s. 3d., 45.:6 d.-, 65.; roosters. 35.; 9d;, 45.; ducks. 45., 6d.: ducklings. Is. 9d.' to ■ 2s. 6d.; turkey gobblers, lis. each. Sheep and cattle dog, ss. Horses, £2 12s. fid.. £2 175., 6d., £3, £1. : Produce: Seed potatoes, 95., 10s., 125., 13s. per sack; table do., 225. 6d.; cabbage plants, Jd. per bundlo; oats, Gartons 3b., Algerian 3s. 3d. to 35.-9 d. per bushel;.chick whoat,'l3s. per sack; whole wheat, 4s. 6d. to ss. per bu6hel; wheat meal, Us.;'bran, 7s. 6d. per 1501b. 6aek; factory bacon, sides, 7d.; ham, 9d. -MINING NEWS. WELLINGTON SHARE 'MARKET. Waihi showed a weakening tendency on Saturday. . After firming to £6 Bs., they dropped back to £6 4s. 6d. In-the absence .of reliable information respecting the new find there is bound to be' violent movements according as market rumours are favourable ,-or otherwise. The sales recorded wore as under:—■ < New .Sylvia, 3s. lOd. (first call). Talisman, 535.- 9d.- (second call). ; Waihi, £6"75.,-■ £6'Bs., £6 75., £6 6s. 6d., £6 ss. 6d. (first,call); £6'65.-, £6 55., £6 4s. 6d. .(second call). Consolidated Goldfields, . 20s. 6d. (first call). The quotations and last sales were as under:— / Buyers. Sellers. Sales. £s. d. £s. d. £s. d. Bonanza „ 0 0 4 — — Kuranui — 0 0 6 — Knranui Cale'd 0 13 0 16 — May Queen „.. 0 3 4 0 3 7 — New Sylvia 0 311 0 4 1 0 310 Saxon 0 13 0 16 — Talisman 213 6 213 9 213 9 Talisman.(new) 114 6 115 6 - Waihi -. 6 4 0 6 4 6 6 4 6 Waihi G'd. June..... 111 9 112 3 - Waitangi 0 17 0 19 - Watchman ; 0 3 3 0 3 4 — Con. Goldfields 10 3 110 10 6 New Big River — 3 5 0 — Progress 013 0 014 3 — | Ross Goldfields 0 2 6 0 2 9 — i The course of sales during the past week was as under:— Bonanza, 1 3Jd. New Sylvia, 4s„ 4s. 2d., 4s. 3d., 45., 4s. Old., 4s: Id.. 4s. OJd., 3s. lOd. : Talisman, 535., 535. 6d., 535. 6d., 535. 6d., 535. 9d.'. - ■ • •'.--.. ■ Tnlisman (new), 365. Waihi, £6 7s. 6d., £6 7s. 6d., £6 7s. 3d....£6 75., £6 6s. 3d., £6 75., £6 ss. 6d., £6'.55.', £6 65., £6 Is., £5 18s., £5-175.-6 d.;. £5 175.'3d.,£5'175. 6d., £5 185... £6 Is;, ,£6"35.. £6.45.. £6 4s. 6d., £6 55., £6 55., £6 45..6 d„ £676., £6'Bs.', £6 75., £6 6s. 6d., £6 ss. 6d., £6 65.„ £6 6s.i £6 ss„ £6 4s. 6d. .; .'-.,'....,' Waihi Grand Junction, 335., 335., 325. 10d., 335. 3d.,.325. 9d. ,--.'•. Consolidated Goldfields, 20s. ljd., 205..6 d„ .STOCK EXCHANGE..- ■ (By. Telegraph.—Press Association.! Auckland, November 12, The following business was done on the Stock Exchange to-day:— Sylvia, 3s. lid. . - ■ ■ Waiotaki, 3s. 3d. Watchman, 3s. 4d.. 3s. 3d. Consolidated, £1 Cs. 6<L Bremners, B*d: Hauraki, 2s. sd. Golden Belt (paid), 6d.; ditto (con;), sd. Talisman, £2 15s. Waihi, £6 9s. to £6 ss. ■ Grand Junction, £1 12s, 6d.'.. . Dunedln, November 12. Stock Exchange sales;— Waihi, £6 55., £6 ss. 6d„ £6 45.-6d.,.£6 4s. .. Waihi '-Grand Junction, £1 12s. 3d., £1 12s. 3d. Sales Tcported:— ■ Island Block, 4s. 9d. N.P. Mills, £1 3s. 3d., £1 3s. 3d. WAIHI MINE. (By Telegraph.—Press.Association.! Auckland, November 12. The following news has been oßicially cabled to London by the local director of the Waihi Company:—"At 130 ft. S.E. crosscut, Royal lode, at No. 9 level, reef been cut; first 4ft. assays 525. 6d.; 7ft. now exposed." DREDGING. (By Telegraph.—Press Association.) Dunedln, November 12. The following dredging returns are reported :—BlackwateT River, 640z. 13dwt. for 118 hours; Waikaka United No. 1, 270z. for 129 hours; No. 2, 13oz. 6dwt. for 132 hours; Olrig, 15oz. 4dwt. for the week; Rising Sun, 570z. 6dwt. for 135 hours; New Trafalgar, 14oz. 130dwt. for 68 hours: Rise and Shine, No. 2, 530z. for 138 hours.