COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 994, 8 December 1910, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES,, Bank of New Zealand came in for a good deal of attention yesterday, and sales wore reported at £10 12s. 9d, £10 145., £10 Us' 3d:, £10 14s. 6d., and £10 15s. The only other sale recorded was that of Ward and Co. brewery shares ■ at £5 ss. The quotations and last sales were as under:—" / ■ Buyers. Sellers Sales. ■ ' £s.d. £.s.d. £,n.d. National Bank 515 6 5 17" 0 ' — Bank N.Z 10 12 6 -r_- 10 15 0 National Mortgage •-r 3 7 6 — N.Z. Loan and Mer- . cantile 0 10 0 — — Well. Trust and ■ Loan :.. 710 0 715 0 - Well. .Gas (£10) ....19 0 0 - - Well. Gas l£6 155.) 13 10 0 - - Well. Gas (new) ..I 2 9 0 - ;■- -' N.Z. Insurance ...... 4 4 0 — — Standard Insurance 1,6 0 1 6 9 — N.Z. Shipping .....: .- — 11 5 0 — tTnion Steam 116 6 117 3 - Well. Woollen (ord.) 3IS 0 - . .— Well. Woollen (pref) 215 6 - - , Taupiri Coal' ..'. 1,0 0 — — Westport-Stockton — 0 7, 2 — Loyland-O'Brien ... 16 3 17 0 - Manning ■ aud Co. ■ 4 4 0 — — N.Z. Con. Dental ... 1 2 6 13 6 — N.Z. Paper Mills... 1 3 0 . — - Taranaki Petroleum 0 8 0 - . - - . TaringaniutuTotara 2 3 ?•■ — — Ward and Co. ....... 5. 4 0 - 5' 5 0 NEW .ZEALAND EXPORTS. ; Leaflet No. 101 issued by the Department df Agriculture, Commerce and Tourists, furnishes the following figures for last month aud the corresponding month ot last year: Nov. " Nov.. 1910. 19C9. £ £ ■'■ ■ Butter 263,728 245,961 Cheese 81,808 111,934 Beef 1,870 23.689 Mutton 23,132 43,237 Legs and pieces... '— 4,1-27 Lamb 2,360 17,803 Wheat 26,063 23 Oats 2,606 15,179 Potatoes 101 i 156 Hemp 28,896 35,418 Babbits 13,237 15,917 i Tow 1.518 1,821 " Kauri gum 30,948' 30.960 Grain and pulse... -312 6,349 Hops 2,814 2,174 Hides ■ 10,740 14,659 Skins .; 31.994 71.799 . Tallow 18,390 18,076 ■ .Timber 55,829- 36,181 Wool 295,099 224,426 Gold ■ .„:.... ' 144,708 150,622 £1,041,183 £1.070.161 For the twelve months ended November 30 the exports totalled £20,223,129, as compared with £17,856,5 M in the previous year, "there is thus the substantial increase of £2,366,584. , .COMMONWEALTH NOTE. ISSUE. Australian Government notes wero circulated on December 1, and tho "Sydney Morning Herald" refers to the matter a≤ "An Tlietoric Event," and says:"Early yesterday morning, when certain customers of the Bank of New South Wales desired to be provided with notes to satisfy the requirements of . their pay-sheets, they we've surprised at having' Australian Government notes tendered in place of- the time-honoured, bank note. There was certhe two documents. The old Bank of New South Wales form was the basis of the Government notes, though they had an unfamiliar appearance through being unsigned. Across the ■ face, in addition to a scarcely decipherable coat,of-arms, intended to depict a kangaroo and an emu, had been printed the following legend:— AUSTRALIAN NOTE. PAYABLE IN' GOLD COIN AT THE COMMONWEALTH TREASURY • AT THE SEAT OF GOVERNMENT. , , . GEO. T. ALLEN, Secretary to the Treasury. JAS. E. COLLINS, Accountant. Dee. 1, 1910. This issuo U understood to have been the first made in Australia, though consignments of the new notes arc now in iiie hands of the Commercial -Banking Company of Sydney and of.the Australian Bank of Commerce. Some little time hack; tile banks wero asked by tho authorities at tho Treasury.to give them an estimate of what notes they were likely to require for December and February delivery. AH unsigned forms had - already been handed over these, boing purchased by the Government. It may not be fully realised, but these notes are costly to producc£so and £100 notes cost quite ss. each irrespective of duty and other charges, while the ordinary £1 note costs about Id. The difference is largely due to the fact that the number of notes of tho smaller denomination printed is much larger, and thcroforo . less- costly than those of the higher denominations. It will cost tho Government many thousands, of pounds for tho unsigned note forms of the banks. A single account the Treasury will receive from one of the banks will exceed £12,000. The Australian notes now to bo made available will bo of the following denominations:—£l, £5, £10. £50. £100. There will be no IDs.-notes-to bo had till the Govern-, ment gets its own form designed and Drinted. '•.-■■•

SULPHIDE CORPORATION, LTD. The following information has been sent by telegraph to the .Wellington Stock Exchange by tho Melbourne Exchange :- "Gibbs, Bright and Co., Melbourne, for the Sulphide Corporation, Ltd., have received a cablo from the Sulphide Corporation, Ltd., London, stating that the transfer books will be closed from December 10 to 29 inclusive." Customs revenuo collected at the port of Wellington yesterday amounted to £2«8 85. sd. LONDON WOOL SALES. MARKET CLOSES FIRM. By Telegraph—Press Association—Copyright. London, December 6. At. the wool sales the lots submitted in-, eluded Ngatapa. Awlica, top price 10(d. per lh., average 10'.d.; Horopito, Is. and 10£ d.; Jlaxwelton, HJd. and IOJd. , London! December 6. ' Tho wool sales closed firm, with good competition. THE TOTAL SALES. (Rcc. December 7, 10.45 p.m.) London, December 7. The wool 6dld for Home consumption to. tailed 48.000 bal«; for tho • Continent, 59.8C0; United States, 12,000 bales. The quantity held amounts to BCOO bales. As compared with the October closing ra-tes, all good sliafty msrinos sold well, and ore practically unchanged; short faulty declined 7J per cent.; good scoured 3 were in strong demand, and are unchanged; greasy wore in small supply, and generally advanced about a, halfpenny; slip'cs mads from par to 5 per cent, advance. Best merino. Lambs. aro unchanged, but faulty declined 5 per cent. Crossbreds are unchanged. . ■ BROKERS , REPORTS. ' : Messrs. Dalgety and Company,' Ltd., have received the following cablegram from their London house under date of December 6:—"Sales , closod firm and. active, with brisk competition, as compared ■ with closing rates of last series. Merino wools oi good quality and condition unchanged. Merino wools of other description 5 per cent, lower. Crossbred wools:—Greasy unchanged, scoured 5 per, cent, higher, sliped crossbred wools 5 per cent, higher. The total net quantity available for tale amounting to 120,000 bales disposed of as under:-Sold for.Home consumption, 52.CC0 bales; sold to tho Continent, fiO.COO bales; not offered, 3000; and carried -forward for the January sales, 8000.." ■ • Messrs. Abraham and Williams, Ltd., havo received tho following cablegram from London, under date December. 6:— "The Bales have closed, with good competition from Home ..and Continental buyers, Americans being absent. Quotations, as compared with closing rates of last sale;— Merino, from par to ' 5 per cent, down; fine medium and coarse crossbred, unchanged." Messrs. Murray, Eoberts and C 0... Ltd., Wellington, have received the. following wool market cablegram from their London agents, Messrs. Sanderson, Murray ar.d Co., dated December 6:—The sales have closed with no material change; eight thousand bales held over; crossbred coarse advanced a shade. METAL MARKETS.By Telegraph-Press Association-Copyright. London, December 6. Copper— On • the spot, £56 17s. 6d. peaton; three months, £57 13s. 9d. "i Tin.-On the spot, £170' 17s. 6d.; three months, £171. ■ Lead, £13 per ton. . - SHAKE QUOTATIONS. By Telegraph—Press Association—Copyrieht. ,' " ■'-■'•'. London, December 6. . Dalgcty's 6hares are quoted £5 10s. to £6; Goldsbrough, Hort and Co.'s debentures, £59- .'" '■".- : , ■ ■■•'.,.-.' . . THE ; METAL MARKETS. By .Telcgra-ph— Press Association-Copyright.. (R«c. Dec. 7,' 10.45 p.m!) . . : . London,' December 7. ■ Copjer—On spot, £57 Is. 3d. per ■ ton; tlirco months, £57 17s. 6d.; electrolytic, £59 Tin.-On spot, £171 15s. . i' I Lead, £13 Is. 3d. " WHEAT.. By Telegraph-Press Association-Copyright. (Rec. Dec. 7, 10.45 p.m.), • . * ; London, December 7. Wheat-12,000 to 15,000 quarters at three I ports for January-February shipment have been sold at 355. lCd. ■ , ■■-.' HIGH COMMISSIONER'S ADVICE. The Commerce.and Tourists division of the Department of. Agriculture, Commerce and Tourists has received the following cablegram from the High Commissioner for Now Zealand, dated London, December 6, 1910, regarding the closing of the sixth series of the colonial.wool sales:—"Thewool sales have, closed. Fine merinos, and all crossbreds are firm, at-the same price i" at the close of- last talc. Inferior merinos are 3d. per lb./choapcr.' Trade is good, and prospects are favourable for crossbreds. Supplies will ;bo moderats. . Large shipments of merino wools aro expected from' Australia:. Two thousand bales of New Zealand wool are held over. . ■ ■ "The estimated values of New Zealand wool at the close, of. the fifth series of the coloni'u" wool sales -held in London on October J!, 1910, were as folIow:-Superior merino. Is. Id. to ls.'3|d.; medium do., lMd to Is.' Old.; inferior do., 7>d. to lCd.;;'fine crossbreds, all grades, Is. ljd. to Is. 4d.; medium d0.,-lid..to Is. Id.; coarse, SJd.'to New Zealand Loan and Mercantile Agency Company, Limited, have received tho fol-1 lowing cablegram from .their London house ; under date December 6:-The sales closed! with.good competition. During the series 112,000 bales were sold, of which 60,000 weri ' taken for the Continent; 8000 bales being held. over. As compared with last sales, , closing rates prices-arc lower about 5 per cent, for scoured merino super, and higher about 5 per .cent to 7J per cent, for crossbred scoured. :■.. .

ARGENTINE ME/VT. ■ ■'• .Tho Commerce and Tourists'division of the Department of Agriculture, Oommcrce and lounsts has received tho following cablegram from Buenos A.yres, dated December 6, 1910:-"The following shipments of produce were dispatched, from the Argentine to -United Kingdom ports during NoveSber! 1909) : '- mPa - red vith fisures 1910. 1909 Frozen beef 125,660qr5. 1441750ri Chilled beef ... 172:805?": 92&1] . Frozen mutton... 305.5430'c5. • 157.326c'cs Frozen lamb ... 62,710cV5. 22 Mlc'cs Butter 9.Boocwt, 4 749c\vt