COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 978, 19 November 1910, Page 8

COMMERCIAL ITEMS.

INVESTMENT. SHABES Sales of . investment shares recorded yesterday were Christchurch . Gas, £9 155., and N.%. Consolidated Dental at- 223. Tlio quotations' were without change. Buyers. Sellers, Sale 9 ' . .£ s.'d. £8. d. £s. d National Bank ...... — 517 6 — • Well. Trust and Loan 710 0 ■ — , — Well. Deposit' ...... — .0 8 5 — 'Christcliurch Gas... 915 0 — 915 0 Fcilding Gas — 12 0 — Napier Gas 12 5 0 — — Well. Gas (£lOl .... — 19 2 6 - Well. Gas (£6 155.) 13 10 0 . - - N.Z. Shipping 10 15 0 — — Well. Woollen (ord.)- — 314 0 - Taupiri Coal '. .'.. 1 0,-0 — — Westport Coal " 616 0 — — Westport-StocUton — 0 7 9 —. Leyland-O'Brien .... . — ; 1 6 6 — i Itauriccville Lime . ,—. . 015 0 — N.Z. Con. Dental ... 1 2 0 —- 1 2 0, Taringamiitu Totara. .2 3. 0 — — Ward and Co. ....... '5 3 6 — — Ono of the largest, if hot the largest, cheques in shipping annals has beon drawn by the Royal Mail Steam Pacltet Company for the purchase of tho shares of the Pacific Steairi Navigation Company. Tho cheauo amounts to , £1,347,825, and completes tho negotiations entered into a few months ago, which met with the approval of the proprietors of both companies. ' OAMARU' WOOLLEN FACTORY. Tho balance-shcet of the Oamaru Woollen Factory Company, Ltd., for the year ended October 31 shows that after writing off £474 19s.\ 4d. as depreciation the profit and loss account is in icredit £4353 15s. 2d., and this includes ( £902 ss. lid. brought forward from the previous year. Out of this £1500' is added' to the reserve fund, and the dividend at the rate of 8 per cent, absorbs £1776 ■ 12s. 10d., leaving a balance of £1067 2s. 4d. to be carried for-'

ward. During the year the sum of .€554 1 * 19a. <d. has been expended on now ina- ( ehincry. The leading items of the bal-ance-sheet compared with the figures of : tho previous year show as under:— ] 1510 1909. Liabilities. £ £ 1 Paid-up capital 22,208 22,208 \ Reserve 7,000 5,500 \ •Div. equalisation 478 478 Bank and sundry creditors 9,816 11,178 j Divs. unclaimed 27 27 , Profit and loss balance .. 3,455 3,290 j Assets— , Premises and plant 20.5C0 20,500 . Stock 17,987 16,046 Bills 27 27 . Sundry debtors 4,222 5,215 j Tho company has had a good year, and has succeeded in reducine? its liabilities to sundry creditors by £13C0. Boole debts show a decrease of . about £1000, and bills ' receivable are smaller by £646. Customs revenue collected at the port of Wellington yesterday amounted to £5207 115s. 6d. |. FRUIT AND PEODUCE REPORT. Tho New Zealand Fruit and Produco Company report transactions for the week as follow:—Prices aTe still good for all kinds of vegetables, with the exception of cabbage. All kinds of fruit are in good demand, especially the early varieties, namely, tomatoes, gooseberries, strawberries, plums, and cherries, which we recommend to forward as early as possible. The price for potatoes still keeps high. The supply of new potatoes from Sydney having ceased, as the prico realised was not a payable one. Peas are in good demand at fair prices. The following prices were ruling in our rooms this week:— Potatoes (New Zealand), lis. 6d. to 12s. 6d. cwt., good demand; new potatoes, 13d. to 2W. lb.; Australian, 10s: to lis. cwt.; onions, 9s. to 10s. sack; marrows, ss. sack;, cauliflower, ss. to Es. 6d. sack; pumpkin, in good demand, 7s. to Bs. 6d. sack: tomatoes, lOd. to Is. 2d. lb.; consignment recommended; French bean?, sd. to 6d. lb.; peas, Is. to Is. s*d.'peck; carrots, Bs. 6d. to 10a. 6d.; parsnips, ICg. to 12s. sack; cabbage, 2s. to 4s. sack; turnips, Is. 6iL to 3s. sack; spinach, 2s. fid. to 3s. ease; lettuce, 2s. to 4s. case; cucumbers, ss. to 7s. doz.; rhubarb, 2s. Bd. to 4s. doz.; asparagus, fid. to 9d. buuch; Ilobart apples, Scarlet Permains 10s. to 10s. 6d., Stono Pippin 7s. to Bs., Frcnch Crabs 7s.' to Bs., Stumers Bs. to 95.; passion fruit, 13s. to 13s. 6d.; mandarines (bushels), 18s. to 195.; lemons, S3, to 10s.; pines, 10s. to 125.; bananas, 18s. to 225.; oranges, 10s. to 145.; mandarines, gins, 205.; packers, 14s. to 155.; eggs, lid. doz.; chaff, £5 10s. to £6 per ton; oats, Agrade Gartons, 2s. 6£d. to- 2s. Bd.; bran, 7s. Gd. to 9s. 3d. sack; wheat, 3s. Bd. to 4s. bushel;, straw, 2s. to 2s. 3d. bale; rice, 6s. fid. (561b.) • mat.; pollard, £6 10s. ton; peanuts, 235. sack; ducks, ss. 6d. to 6s. fid. pair; hens, 3s. to 3s. 6d. pair; walnuts, fid. to 6jd. lb., market bare. BANK OF ENGLAND RETURN. By Telegraph—Pros* Association—Copyrleta l .. (Itec. November 18, 9.10 p.m.) London, November 18. The Bank of England return issued for tho week ended Wednesday, Novembr 16, is as under:— Issue Department. Note Issue... £52.037>CQQ Gov.debt ... £U,015.503 Other securities ... 7.434,000 Gold ~ 33.53^,000 £52,037,000 £52,037.^00 Bixeikg Department. Proprietors' Govt. Becurlcapital £14,533,000 tios £14,644,000 Public de» Other securiposits ... 10,076,000 ties 25.73-2.000 Other ueposits ' ... 37.433.000 Notoa ... 23.514.C00 Rest, 7-day and other Coin .« ■— ' 1»377,C00 bills 3.205,000 £u5,267.00i) £65,267,C00 The leading items of the Bank of England return afford the following comparison:— , This week. Last week, Lastyoar Bullion 33,588,003 31.237,003 31.050,000 Reserve s!4,891.000 • 23,877.000 25.1W4.U00 Note circulation 25,523.000 23,172,000 ~y.131.00Q Public Deposits 10,076,003 6,607.000 1i,32i,U0Q .Other Deposits 37.433.0J0 37,0-11,000 40,228,000 Proportion of l-e&crvu to liabilities ... 52.30 61.91 . 54.45 GOVERNMENT SECURITIES, ' rhe following .are tho latest Quotation! for Government securities, with a com* parisou of thoae ruling last week:— Variations m compaied Prlco, • with ' • • • •' last wook. £ «. d. 2J% Imperial Consols 78 15 0 Unchanged 4 „N.S.W.I9S3Jau.-July 105 10 0 Unchanged 3i „ N.S.W.l9lß.uaivSop. 03 .0 0 fis. higher 3 „N.5.W.1935 Apl.-Oct, 65 12 (i 7s.Cd. lower 4 „Yic.l92oJan.-July. 102 15 0 Unchanged 3j „ Vic. 191U-6 Jan.-July 15 0 Unchanged •3 „ Vic. 1929-49 Jan.July 84 10 0 Unchanged 3J „S,A. 1916 Jan.-July 9310 0 .Unchanged 3 „S.A. IJIO Jau.-July 83 10 0 Unchanged i 1 ,Q , 1'd1915-24.7ftn.-July 102 10 0 Unchanged 3i „ QT<ll ( J24-30Jan.-July 9b 0 0 Unchanged 3 „QTdUAM7Jan.-July .=4 10 0 Unchanged •1. „ N.Z. 1920 .viay-Nov. 103 7 6 2s,fid. lowor 3i „N.Z. 1940 Juu.-July 96 0 0 10s. lower 9 „N.Z. 194.* April-Ocfc. 85 7 6 12s.Gd. lower 3$ „ 5V.A.1920-40May-Nov 96 0 0 • Uu hanged 3 „ W.A,191y-SsiMay-Nov BCIO (J Unchanged „ Tas. 1940Jau.-July 99 0 0 Unchanged 3 „ 'Has. 1923-40 Jan.-July 86 0 0 Unchanged BANE RATES OF INTEREST. The' Hank of England discount rata wag reduced on January 20 last from 4J per cent, to 3$ per cent., and on February 10 to 3 per cent. On March 17 it was raised to-4 per cent., on June 2it was reduced to per cent., and on Juno 9 to J per cent Oil September 29 it was raised to 4 per , cent., and on October 20 to 5 per cent., ai 1 which rate it now stands. The Bank of Franco rato waa reduced from 3J to 3 per 'cent, on January 23, 19C3, and remains at the latter figure. Tho Imperiai 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, tho rate was raised to 5 per cent. 1 ' MARKET RATES OF DISCOUNT. • Tlie following are the'market rates for best three months' bills:— London Paris Berlin rate. rate. , rate, per cent, percent, percent. This week ......... — 22 43 Last week 49 23 * 48 Last year 4ft 23 43 Short loans are quoted at 4£d per cent., as against 4tf per'cent, last week, and 4 per cent, a year ago. I ji. COLONIAL AND OTHER . PRODUCE. . "Wheat.—The markets are steady and inactive, but closing very firm on adverso rumours regarding tho Argentine crop higher American quotations, and the fact that farmers throughout the world aro disinclined to sell. A cargo of Australian sold at 355. 6d.; holders are asking 365. for cargoes afloat and January-February shipment; 355. to 355. 3d. have been paid for parcels, November shipment. There is a very limited demand for spot Australian at about 365. 6d. New Zealand, best grade, 325. fid. to 335. 6d., inferior 3Cs. Flour meets with poor demand; patents,

265. to 265. fid.; spot, 245. 6d. to 245. 9d„ c.i.f. Oats are o.uict. Cartons, 17s. 6d. to 19s. 3d., Sparrowbills 17s. to 18a. 3d. La Plata, Novcmbcr-Dccejiiber shipment, 12s. 9d. Barley is in fair demand; Chevalier; 28s. to 31s. Butter.—Tho market is hardening. Danish. 116s. to 118s., against 114s. to 116s. last week; choicest New Zealand, 110s. to 1125., against 110s.; Australian is' unchanged. choicest meeting with an improved demand. There is limited inquiry for inferior grades and stored butter. Tho cold weather is stimulating the market, and the tone is better all round. Sugar.—German beet, 88 per cent, tifcro 2d. higher at 9s. per cwt.; first mark, granulated, f.o.b. Hamburg, Id. higher at lis. 2d. Bradford Tops.—The market is quiet and prices are unchanged. Sixty-fours, 28d. per lb.; super sixties, 27£ d.; common sixties. 26Jd.; fifty-sixes, 22id.; fifties, 19* d.; forty-sixes, 16d.; forties, 14d. THE METAL MARKETS. Copper.—On spot, ss. higher, at £57 12s. 6fl. per ton; three months', ss. higher, at £58 lis. 3d. Tin.—On spot, <Gs. higher, at £166 10s. per ton; three months', 325. 6d. higher, at £166 12s. 6d. Pig-iron, Id. higher, at 495. 6d. per ton. Spelter, unchanged, at £24 per ton. Silver.—Bar silver is quoted at 253 d. per ounce standard. ANTWERP WOOL SALES. By Telegraph—Press Association—Copyright. (Rec. November 18, 9.10 p.m.) London, November 18. Tho Antwerp wool sales'closed irregular at 5 per ,cent. below September series; 6900 bales La Plata wero offered, and 2939 were 6old. . . | BRITISH WHEAT CROP. ' I By Telegraph—Press Association—Copyright. (Rcc. Noyember 18, 9.10 p.m.) London, November 18. The estimated wheat crop of Great Britain is 7.604,900 quarters {60,439,200 bushels). TARANAKI PETROLEUM. (By Telegraph.—Press Association.) New Plymouth, -November 18. The Taranaki Petroleum Company's No. 3 bore, after a period of •. o.uiescence, commenced to flow again at midnight, and is still flowing. No. 2 also allows increased activity. Good progress is being made in drilling at No. 5. CHRISTCHURCH WOOL SALES. ' (By Telegraph.—Press Association.) Christchurch, November 18. The wool sale concluded to-day with tho star lots. Merino brought73d.to 10d.; halfbred, Bd. to 103 d.; crossbred, 63d. to 9Jd.; thrce-quarterbred, 7d. to 93d-;. Corriedale, 9Jd. to lid.; longwools, 7id. to Bd.; Downs, Bid. to 102 d, GRAIN AND SEED. . (By Telegraph.—Press Association.! - Christchurch, November 18. The domaud for wheat for shipping has now been satisfied, and the only buyers in tho market are tlt3 local millers and-mer-chants. Though ' there is not a' keen inquiry millers are prepared to take, any euitable lo'ts offering. Since the recent rain, growers are inclined to offer a little moro freely, though thcro is no great quantity on the market. For damaged wheat there is no demand except for fowl feed. Oats are very firm in consequence of a good demand from the North Island. Thcro are, however, practically none offering locally, and any lots that have been for sale in the country have found buyers among farmers who were short of feed. Chaff is also very firm, and no great quantity is offering. i 6 still in good demand, and all hope of securing anything like a crop in Canterbury has been given up. Tlie dry season is likely

to affect the cocksfoot crop on lower country in tho peninsula, but on the hilltops, which get the benefit of tho mists, the crop promises to be very fair. MINING NEWS, WELLINGTON SHAREMARKET. Tho mining sharo market displayed a quiet tone yesterday, aud very little, business was done. May Queens advanced slightly, wliich may mean that the prospects in the development havo improved slightly. New Sylvias were steady. Tho sales recorded were, as under: — May Queen, 3s. 5d., 3s. 7d. (first call); 3s. 7d. (second call). New Sylvia, 45., 4s. .(first call). Waihi Grand Junction, 31s. (third call). Con. Goldfields, 20s. (first call). Tho quotations and la6t sales were as under:— Buyers. Sellers. Sales. £s. d. £s. d. £s. d. Bremner's * 0 0 5 0.0 7 • — Kuranui 0 0 3 —. — Kuranui Calcdon'n 0 13 0 16 — May Queen o'3 7 039 037 New Sylvia- 03 11 041 04 05 Old Hauraki 0 2 1 0 2 4 Saxon 01 § 2 ..1 § """ Talisman • 213 9 214 3 — Talisman • (new) .... 1 15 0 — — "Waihi 518 6 519 6 — Waihi G'd Junct'n 111 0 111 6 111 0 Waiotahi — 0 3 8 — Waitangi 0 17 0 19 — Watchman i 03 3 — • — Hauraki Reefs 006 — „ „ Con. Goldfields — 1 0 6 1 0 0 New Big River 3 0 0 3 2 0 . — Progress — 013 6 — Ross Goldfields ....' 0 2 7 0 210 — STOCK EXCHANGE.' (By Telegraph.—Press Association.) . Auckland, November 17. : Business done on 'Change this morning: May Queen, 3s. 7d. * Sylvia, 4s. Watchman, 3s. 4d. Waiotahi, 3s. fid. Hauraki, 2s. 3d. Hauraki Reefs, Is. Id. to I<L 3d.; do. (c0n.),.7d. to 9d. Golden Jtelt (con.), sfcd. Tairua .Broken Hills, Is. 2d. Waihi, £6. Waihi Reefs, 3s. Id. Grand Junction, £1 11b. 6d, Wnitaia (con.), 7£ii. Northern Coal,"9s. 3d. , Kauri Timber (con.), 17s. lOd. ' I - Auckland Trams (ord.), .£1 3s- 9d. x | Auckland, November 18. I The following business was done at tho I 3.15 p.m. coll to-day:—Occidental Consolidated, 4Jd., 5d.. ; 5Jd.; Saxon, Is. fid.; Watchman, 3s. 5d., 3s. 4d.; Hauraki R-eefs (p.u.), is. .3d., Is. 2d.; Hauraki R-eefs (con.). 9d. Bd.; Golden Belt (p.u.), 6£d.; Golden Belt, (con.), 6d.; Tairua Monarch, 3Jd.; Talis--5 man Consolidated, 545.; Waihi, 1205.; May * Queen, £s. Bd.; Old Hauraki, '2s. 2d.; North- ; era Coal, 9s. 3d.; Westport-Stockton Coal, > 7s. 6d.; Thames Gas, 305.; Northern Steam» ship (con.), 7s. Id,, 7s. Puncdin, November 18. Stock Exchange sales:—lsland Block, ss. 3d., ss. 6d.; Golden Bed, 18s. 3d.; May Queen, 3s. 6d. £ales reported: Palmerston North Gas, £8 13s. fid., £8 13s. 6d.; Trustees' Executors, £3 2s. 6d. f Christchurch, November 18. The following sales wero reported on the 1 Canterbury Stock Exchange this morning: " —Taupiri Coal, 205., 205.,. 205.; Booth, Macl Donald and Co., 225.; Waihi, £5 195., £5 \ 195.; Waihi Grand Junction, 31s. 6d.; t Wat-chman, 3s. 2d. 1. , • I DKHDOKG; (By Telegraph.—Press Association.) Dunedin.J&ovember 18. Dredging Hcturns:—Masterton, 16oz. lOdwt.; Central Charlton, 16oz. sdwt. 6grs.; Lady Roxburgh, 6oz. lOdwt.r Reports of .Wool, Skin, and Hid© Sales, 3 and Live Stock Sales will bo found on r page 13 of this issue.