COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 979, 21 November 1910, Page 8

COMMERCIAL ITEMS.

"investment shares. Sales of investment shares recorded on Saturday were:—National Bank, new issue, £5 145.; Ohristchurcli Gas, £9 155.; Palmerston North' Gas, £8 55.; Wellington Gas. (£10), £19.. ..The quotations wero as under:—' . Buyers. Sollsre. Sales. .... •, , . ..... £ s.d. . £ s.d. £ s.d, National Bank 5 15.6 516 6. .-■ Bank N.Z 10 6 0 - . - Well. Investment ... 011 0 011 6 - Well. Trust and Loan 710 0 .— - Well. Deposit -'.083 - Christchurch Gas... — — ■ 9-15-0 Feilding Gas — 12 0 - . Napier Gaa 12 5 0 — — Palmerston Gas ... - - 8 5 0 Well. Gag (£10) ...... 18 15 0 19 2 6 19 .0 0 Well. Gas (£6 155.) 1312 6 - - Well. Gas (new) ... - 210 0. - N.Z. Shipping • 10 15 0■ — . - Well.Woollen' lord.) ■—••■ 514 0 - Well. Woollen (pref.) 2 16 0 -■ - Taupiri Coal 10 0 - — Wcstport Coal ' 6 15' ■ 0 - — ' ■Wcstport-Stockton . 0.7 3 0 7 9 - N.Z. Con. Dental ... 12 0 - - TaranakiPetroleum 0 : 7_3. 0 8 6 — TaringamutuTotara, 23 0 24 0 — Ward and Co. , 5 3 6 — —.

'~ ..THE.MONEY. MARKET. . It cannot, be eaid. that the. London money market shows signs of easiness. It 13. true that'.the. Bank of England has increased its stock' 'of gold.- The reserve is larger: than-it" was a week ago., and the proportion of. reserve to liabilities ia as higliNis 52.36 per cent. * But the deposits are' comparatively.-small, being only £37,433.0D0. and tho' rate for short loans is -still-15 per cent." It is not likely that the bank rate will be induced before tho New Year, , and the"market is likely to be disturbed by the political crisis. The failure of tho public to" take up tho New Zealand five million loan was only what was to be expected. The underwriter? were all astray in their estimates of tho market probabilities, and have to nurseabout 94 por cent, of the. loan. There is ; an extreme ■demand 1 ' for-icapital, and investors are now' able to command high rates. On Imperial Consols tho return is about £3 3a. 9d. per,''CfcJiJ:, and colonial securities must returri'in the neighbourhood of 1 per cent. The (Usborne Borough' loan is said to have been: a failure also, tho public subscribing- for about 0 per cent. The five million loan has caused all New Zealand inscribed stocks to decline, and all three denominations arc lower than they: were in the previous week. Compared . with ■ a year ago, Now Zealand stocks show as under:—

. • . . Nov., 1910. Nov., 1909. .■'■■■' £ s.d. £ s.d. 4 per cent. New Zealand 103 7 6 105 0 0 3Jpercent. New Zealand ...96 0 0 99 0 0 3 per cent. New Zealand - 85 7 6 86 5 0

The four per cents, arc lower by 325. 6d., the three arid a half.per cents, havo dropped .£3, and ■ the threes are lower by 17s. 6d. It must bo admitted, that Australian stocks and Consols, aro affected in the 6amo way, which goes-to prova that investors'"'are'now looking for a higher return. • " ' ' ' l

CUSTOMS. Customs revcnuo collected at the port of Wellington on Saturday amounted to £3962 !ls. 5d., the collections for the week jeiug £17,570 Bs. Compared with the cpr--csponding dates of last year, the receipt ■ tho past eight weeks show as under:— 1910. 1909. ! £' £ i October 1 i. , 11,171 19,202 , October 8 21,518 20,674 October. 15 .; 10,021 7,320 '. October 22 ■ 20,092 15,526 October 29 9,6« 12,345 November 5 ...... 22.534 16,977 . November 12 ... 8,581 6,252 . . November 19 17,570 15,058 120,934 ■ 112,754' The beer duty for the past week totalled £203 65., as against £263 14s. 6d. for the corresponding week of last year. N.Z. LOAN SCRIP. SALES AT A DISCOUNT. By Telegraph—Press Association-Gopyrieht. (Ecc. November 20, 5.5 p.m. . ■ London, November 19. There is steady business in New Zealand scrip at 3-16 to J discount. ' LONDON MARKETS., By Telejraph-Press Association-Copyright. (Dec. November 20, 5.5 p.m. ; • London, November 19. AmeriearSddling TC S°nd™"tofis n 7.58R P Hemp is dull of sale. Good fair, Janu-ary-March shipment, is Quoted at £22 17s. Kulfber.—KnV hard Para, rubber, 6s. 3d. is dull. South Sea, in bags, £24 per ton. IJalgety and Company, ,Limited, report having received cable advice from their London house, under date 'Novem-her-17, as follows:-Frozen meat: Mutton; Australian is Jd. to 3d- lower. . Beef, id. to Id. higher. For frozen meat .in general there is » limited demand. '■/ BABBITS AND HAEES. By TeloEtaph-Presa Association-CowrigM. ■ ' , ■ London, November 19. Babbits aro scarce, the demand is improving slightly, and prices aro un-°-Hams aro neglected, and almost unEalc- J . THE METAL MARKETS. . By Teleeraph-Presa Association-Copyright. (Kec. November 20, 5.5 p.m. London, November 19; Antimony, £8. . Tin.-On spot, £166 10s. per ton. Lead'.-Soft foreign, £13 ss. per ton. . SilveT.—Bar silver is quoted at 253 d. per ounce standard.. ' FEIEDING MARKET ItEPOBT. ■Messrs. A; H. Atkinson and Co., Ltd., of Fcilding, report that:, at Friday s EaJj, there was a good yarding of pigs, witn values about on a par witn those ruling on the previouii week. Medium-wcignt poTkers sell well, but, for poor stores_ and weaners, there was little, competition. Poultry was forward in limited ouantity and littie nuality. The report adds :-Wo should advise vendors Eot to hold back and glut the market at the end of tie present month. Good values are now made for anything offering. In produce lines, we had a. ■ quantity of good potatoes for-, ward, both new and old.. .New made 2d. lb., and old up to 225. 6d; per sack, duotations:—Piss: Weaners, ..75.. 8s- 9a., ios° to 12s ; slips, los. 6d., 12s: 6(1., lZs. 9d., to Ws.; Email stores. 135.. 13s. 6d., to 15b. 6d.; larger sorts, 165., 19s. M...t0 255.; porkers, to 30s. Aged hacks, to £3 ss. Poultry, at per pair, .hens, 4s. 6d., 4s. 9d., 55.: coclterels, 2s. 3d.; chicks, Is. 4d.; hen and chicks, , -.55:: 6d.;..ducks, 45.,, 45..,3 d.; turkey hen,'ss. Graiii. at per bushel, Garton oats, v3s., 3s. 3d.; •Algcnan ,do:, 3s. 3d. to 3s. 9d.; wheat, <3.6 d., 55.: chick do.. 133-. r Itsi- per- sack; wlieatmeal, lls:; and bran, 7s. 6d. pw 1501b. sacks. Old Dotatoes, 20s. to 225. 6d. per sack; new do., 2d. per lb.; onions. 4s. nnd fs. per 801b. bags: factory bacon, sides 7d., hams 9d. per lb. : ,•-.,.. ~-.',