COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 1053, 16 February 1911, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES. A sale of Wellington Meat Export, third issue, at £3, was tho only transaction recorded yesterday. The buying and sclllnc quotations wero as .under:— Buyers. ' Sellers i"s. d. • £.B.dNational Bank ............... 5 19 6 Bank Now South Wales 4415 0 - Bunk of New Zealand ... 10 18 0 - Well. Investment 0 U 0 0 11 6 Well. Deposit. ■;. — • -.55° Christchurch Ga3 - 10 ° ° Well. Gas (£6 -Wir.l ..: 13 12 6 - Christohurch 5[eat'.........- 15 IZ6 Gear Meat (£1) •••■• ' 3 3 ° .7 . Meat Export (£4) -■ . ■\ * » Union Steam i 17 3 1 » 5 Well. Woollen (ord.) - ' u u Taupiri Cool .'••••'•••• » '.» - Mlramar. Ltd. , 1 « ' - N.Z. Con. Dental '.:....' l-_» 6 ~ n 012.0 513» Tarineamutu Totara .... 26 0 .} » « Warn and Co . - ' 5 ° ° COLONIAIj LOAN ISSUES. The amount'of loan .moneye tha ' w f™ secured in Grea-t Britain ,by..tho outlying nortions of the Empiro during, 1910 wjs less than in the previous year by nearly two and-a-halt millions- sterling. Tho greatest relative incroaso was shown by New Zealand, whose total jumped from 971,900 in 1909 to-£W68.5C0 "last "year. The fisrnrcs . for '• tho two ••■ years. comparo aa unfe:- •• ■~-.. ; _; 9io - ■;..- ■ ■ ! ' .'. ' ■'■■■-. £ '-'•- £ Canada.- 14.356.600 .. 16,595.£0H Gano- .' — •"- E9O.DCU ceyfon":::::::::::"....: ; - .-/'■j.^.cra Gold Coast-..V. .-' ■'— ' ' f i -1.C00.r.C0 India: i.: 13.000.CC0 ' <' 11.266.3C0 Natal ...;:..... :. .'. - ' 2W.C00 Newfoundland BCO.CCO - New South Wales 2,750,000 ' WOOCO New Zealand 1 ■7.368,500 '-.Si'JSJ Queensland . - • ■ 2.0C0.C00 South Australia - 789.4 M.■ .- . .—. . straits Settlements 2,7c0,CC0. i.. ■ • — Tasmania '.: ...i... — '.- ■ JM-Ofd Transvaal - ' ' . ' 5,C00,M0 Victoria .....'.'. ■ — • ■•• J.StO.Cto Wcitorn.Auotralla ;1.342.CC0 ■ 1,<«,0C0 Total f 43,136,500 .' <6,55G,£00 'TJio'Cnpo, Oeylon, tho Goli Coast, Katal. Qnemriand, Ta,tmania, the Transvaal, nnd Victoria all dropped out. and the addition!" to tho list wore Newfoundland, South Australia; an 4' the Straits SctUwionta. Canada was a?ain the greatest borrower, although her total is less than in-19C9. - FOIIEIGIf LOAN ISSUES. ; ■ Foreign countries obtained a great deal moro money in Great Britain last year than in 19i-9, the total incrcaslns Ir'.m £52,369,«0 in 1909 to £75.375.200 ia.1910. The Ogurcs of each of the borrowing countries compare as under:- £ £ ' Arsontica ' 2.4E4.C00 12.202.4C0 S a : H .^. B !!!....:riie 2.80T,0c0 Bulwria 3,960,Ct0 — Ollijß 2.CCO.CCO 3.C00.CC0 China- ....: 1.660.CC0 740.CC0 Cuba .'. U31.7C0 1.131.7C0 Denmark 2.2C0.M0 500.CCQ FinSnd IW,IM 2.«0.D50 Qrtteo „... 1.588,000 — japan 21,000.000 ■ 4,6:i.4C0 Mexico 180.0 M. . - Uontcnegro - W« Nlcovagua :. .. - .'-6«.COa Vrtnvav ,\ "~ oSo.oOj tall 800.000 ' 6.362.E00 Swodca . —■ ■ ' ■ ccl.lHo SwiU"Tland ........ - 1.CC0.000 T?rkef .„...:....:■ I.CCO.OCO . 3.094.W0 United Stato ~..i .10.965.830 .12.500,500 Total 73,375,200 52.589.4 M

.Tho figures show how completely Great Britain stands a.i the banker of the world. All tUo borrowing countries will be under an oblication to remit colli, or merchandlEO. whickiean be converted into goiil to jiay lntt«cc?l(}£lfwo tf.lte the.intcrcol at tho raodcWrate of 3 per cent., it mcacfl a-n additional, Income of £3,495,350 to Great Britain in: respect of tho money lent latt year- Beally, it means more. Thcro will bo the cort of bask eiehanpc on tho remittances, insurance of the gold, or produce that may be sent, tho freight on same, and tho profit on , tale of the merchandise -

' AUSTRALIAN OIIILLED BEEF. A Lonfich . authority writes ■.■resardlns A,u«lralian .chilled beef—A Reed deal of int»roFt is at prcscnf-rjclni;, talcen in tha,". development■ of tbo Argentine" trade. Not only ; havo additional, stcainors bctu> put on tho Klvcr Plato • roulo, but now combinca hivo: ■ beca formed". to contnil shipments from the ;South Americiia Itepublic. The romurccs.of Australia in thia connection- aro not, hoijcvsr, being overlooked, and soveral larKO coiMienracnts of chilled bocf nave recently bee.-, landed In London in i satisfactory condition by vessola of tho Aberdeen-Wliito Star Lino. This meat is treated by the Linley procosc-ti f ysteta which has been in we by certain firms in tho Argc-ntino trade for'about two years, andiln favour of which.in.eppo cases underwriters quoto discriminative rites. Tho uieat-is huns isvchlllea , rhn'mbera. tho air of which is da!ly pnriOed and frood from damp. Prior to shlpmont it is treated with forraaldehydo vapour, which ■forms an invisiblo sl:in.' proof atrainst iill seruis. TJntil tbc adoption of thin system tho meat.'wan imported from Australia in a frozen rtate, but tho Aber'dom-Whito Star boat« aro tho only veiscls fitted with tho necessary OQulpnunt. Its extension is, however, upper cqCsideratlon. •

LONDON'S HEAT SUPPLY. ■ The weight of supplies dealt with at the Cqntral Markets, Sroithflold. during tbo year ended December 31. 1910, aggregate 419.450 tons, as against 520,0e0 tons In 19C9, and is 2377 tons below the record your of 1906, when 421,927 tons were dealt -with. Of last yoar'B total 51.5 per cent, was bejf and veal, 34.7 ijcr cent, mutton and lamb. 7.5 per cent. poTk. ar.d 6.3 por cent, poultry, came, rabbits, otc. British produce opuallcd' 22.5 per cent, of the total, Australasia contributed •. 25.2 per cent., South America- 29.2 per rent, North America 10.5 per cent., and Holland and other countries 12.6 per cent. Australasia contributed 20,434 tons of beef and veal out of 216,121 tons, and South America ICO.CCO tons; tho Australasias contribution of mutton and lamb amounted to 80,828 tons, ont of a total of 145,367 tons. In effect just four out of every flvo tons of meat' dealt with on tho market was imported, anl-largely dependent upon refrigeration, which is moro than evor. becoming tho principal controlling factor in tho meat trade. Small consignments of froscu beef from South Africa,,also from Venezuela, vrcro rccoived during tho year in Rood condition, showing tho poEsibilltlcs of the countries named as r.3w and additional rourcc3 of supply. Tho supplies dealt wl& during tho year cijual 9J9.G02.0C0 lb., and. assuming the population of tho motrorA'U to bo 7.000.CC0, gives an averago consumption of all classes of meat per head for tho year of 1341b.. or 2Jlb. nor week. ■ Customs Tovcnuo ■ collected at Wellington yesterday amounted to £2839 15s. SHARES AND STOCKS. By TolccraDb— l'rcjs A Rsoclntiofi—Copyright London, February 14. Share raaTkct quotations includo:—Hank of Australasia, buyers £119. sellers JEI2I; Bauk of Victoria, buyers £5, ral!;rs £5 55.; Union Bank, buyers £62 ICa., Ecllers £63 10s.; Bank of Now Zealand, buyers £11, sellers £11 10s. . - ■ The New Zealand loan Is quoted at 97. • METAL MARKETS. By Tclcirapb—Press /.Esociallon—Copyright London, February 14. Copper.—On tho spot. £55 2s. 6d.:- thrco mouthe. £55 176. 64.; electrolytic £57 10a. Tin-On tho spot, £189.15?.; three months. £188 15s. There are no sellers, but numerous hiiyors for American. Buyers nro pay. inn cxtremo price?. Lead, £13 per ton. , (lice, February 15, 9.50 p.m.) London, February 15.' Tin.—On spot, £193; three months, £191 10s. Load, £12 133. 9d. AUSTRALIAN WHEAT.' (Rcc. February 15, 9.50 p.m.) Londoni February 15. WUcat,-A.n Australian carco has been cold nt 553. Kd. DUNEDIX WOOL SALEfi. (By Tclccraab-Press Association^ Duncdln, February 15. The third wool sale of the feoson was hold to-dny, when 9117 balm wcro offered. Tbcro was a good roprcsrat.itioii of buy. crp, especially Contincnt.il, anrt for practically overytlil! , .? offered tlicro was keon competition. Tho market censrally- wn« chnracterlfcJ by r.reat llrmucst. and prices generally showed an appreciable advance on those nlliiic nt tho Jauuai-y rale. Flecco wools chowed dji avexago. incrcafo of J'l. por lb., pieces an advance of 31d. par lb.. whilo locks- showed a decline of about Id. .por Iβ. A few lots of brisht cioiabrfl4. wool,. tultaWe .for... American

market, showed an advance of Jd. to Id. per lb. The range of prices was as follow -.-- i ... Jau. ; Feb. ; . d. d. d. d. buper merino lOjto 1 - Medium merino BJto 9J BSto 9i InfcJbr merino 61 to 7i 7* to 8i Super halfbred n to 12* — Hodiiira to good halfbred 8$ to 10J 9to 103 Infevicr liairbred 6J to 7J BUa 9 Siipcr crossbred 95t01l lCftollJ Medium crossbred 73 to BJ Bto 91 Inferior crossbred 53 to 63 '61 to'B} Siipnr piccM 83 to 105 9"tolCt Ilcayy piece.? 51 to 61 54 to 63 ■Medium pio;cs 7u> 7J 7" to 3i