COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 1169, 3 July 1911, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES. Sales of- investment shares recorded Saturday wore:—National Bank at £6 If. 6d. and £6 Is. 9d., Giabonie Gas £3 2s„ and N.Z. Drug £2 9s. 3d. The buying and selling quotations were as under-.— Buyers. Sellers. £ s. d. £ s. d National Bank - -.It 0 6 2 0 Bank- N.Z 11 18 0 - National Mortgage 3 10 0 3 11 0 Ohristchurch Gas 9 15 0 — Gisborne Gas- 3, 1 0 . — . Wellington Gas (new) — ■ 3 5 0 S.B. Insurance :..'. :...:.-.. 312 6 — . Meat Export (£5) .: 6 5.0 - Meat Export (5Ze. 6d.) — . 3 5 6 Hikurangi Coal.' '..'. OIS 6 10 0 Westport C0a1'.'...:/. '.... 19-0 19 6 Wcstport-Stockton — "55 Kauri Timber 0 16 3 0 16 9 Leyland-O'Brien 17 6 — Manning and Co — ■ ■ 4 i 6 'N.Z. Drug 2 8 3 - N.Z., Paper Mi115'....'.:.'.:... -'- 12 0 Tarauaki Petroleum ~ 0 IS 0 — Taringaroutu Totara: :>2 6 0-v-. — Ward and Co. .............1....;:5 2 0 5 3 6 LONDON MONEY MAEKET. The Bank of England jcturji last, week was again strong. There was a moderate increase of gold in the Issue Department, while the deposits of both classes—Government and private—had increased by over seven millions sterling. This great expansion resulted in the proportion of reserve to liabilities being reduced to 46-71 "er. cent. ■ There should be some marked changes this week when tho Quarterly disbursements are shown. 'Money at short call appears to be unequal to the demand, and the rate has gone up to 23 ner cent. Adjustments will bo made this week. The outstanding feature with respect to Government securities is the further fall in Consols. The ouotation is now £79 IDs:, . which is about the lowest price recorded in recent, times. CUSTOMS. The- Customs revonuo collected at the port of Wellington on Saturday amounted to £611 6s. lid., tho total for tho week being £9095 7s. 4d. The returns for tho past eight weeks compared with the figures for the corresponding period of last year show as under:— ' 1911. 1910. £ £■ .. May 13 8.087 6.9*8 Mav 20 14.954 15,31:7 May 27 13.011 11.601 .lime 3 : 16.460 12.578 •Tunc 10 9.164 H.3P6 June 17 .': 15.570 m.m •Tune 24 9.F-65 9.578 July 1 9,095 17,434 -

95,9(16 97,245 The beer duty for the week amounted to £216 163. 9d.. as against £176 Bs. for tho corresponding week of last year. The Customs revenue collected during tho past two quarters compare as under:—. 1911. 1910. £ s. d. £ s. d. March quarter ... 208,46.7 15 10 179,357 5 1 June quarter 178,682 9 8 '-169.693 0 5 ' 387,150 5 6 349,050 5 6 There was an increase in the. half-year of £38,100, which must be regarded as satisfactory. The beer duty collected in the two quarters show as under:— 1911. 1910; £ s. d. £ s . d. March quarter ... ,3,£62 14 8 3.403 3. 5 June quarter 3,206 0 9 3,193 .0 5 6.868 15 5 6,601 310 There is hero a moderate incrcaso of about £267. FROZEN MEAT. By Telegraph—l'reas Association—Copyright (Ecc. July 2, 5.5 p.m.) London, July l. Tho Frozen Meat Trade Association's ■Smithficld market Quotations for tho undermentioned classes of frozen meat aro based on actual sales cf not less than ono hundred carcasses of mutton or lamb, or twenty-five quarters of beef of fair average quality. Tho quotations aro not for selected tines, but for parcels fairly representative of the bulk of tho shipments now on the market. Tho prices which follow are on an avcraee a farthing per lb. more than tho valuo ex ship, this difference renrasentins; an .average cost in expenses, handling, conveyance, and sellinK the meat:— , June 27. July 1. Mutton- d. d Canterbury, light 4 4 Canterbury, medium 4 4 ' Canterbury, heavy 33 3j Southland -• - North Island, best 33 33 North Island, ordinary... 3f< Ji Australian, litrht 3a 3n Australian, heavy 3,1 31 River Plate, liffl't 32 aj liiver-Plate, heavy 3J 3J New Zealand ewes 31. 3 5-16 Australian ewes 3>. 39-15 Itiver Plato ewes 3J 3J Lamb:— Canterbury, light 5J 51 Oantcrbury, medium 5 4S Canterbury, heavy 42 43 Southland ■• 5 115-16 North Island, selected ... 5 4 15-16 North Island, ordinary... 4?, 4", Australian, best 4$ 4* Australian, fair 4} 4,1 Australian, inferior 4\ 4V River Plato, first 4J 43 Eivcr Plate, second 43 41) Bccf:Sew Zealand, ox fores ... 2-4 21 New Zealand, ox hinds .. ii 3j Australian, ox fores 27-16 21 Australian, ox hinds 3s 3;, River Plato, ox fores .... 24 2} • River Plate, ox hinds ... 3 9-16 39-16 River Plate, chilled fores 21 2J River Plate, chilled hinds 4 4 •

3lc3srs. Dalgcty and Company, Limited, report having received cabled .advice from their Lnodon oflire, under date of June 29, to the effect that prices for frozen meat arc unchanged, and the market is quiet.

The New Zealand lioan and Mercantile Agency Company, Limited, have received the following cablegram from thoir London house under date Juno 30:—Frozen meat: Tho market for mutton is steady. Lamb is slightly weaker, and tho market for beef is depressed. NORTH OTAOO GRAIN MAEKI-T. (By Telegraph—Press Association.! Oamaru, July 1. Business here during the week liaji been almost nil. Some small parcels of wheat changed hands at 3s. Sd. ex store, and a few purchases of potatoes were made at £3 sa. net, delivered in Oamaru. for Up-to-Dates, and £4 (delivered! for Dcrwcnts. MINING NEWS. WELLINGTON SIIARE MARKET. Although very little business was done on Saturday, the market for mining shares maintained its firmness. The question of delivering overdue scrip is no doubt creating a stir, and, although Waihi. shares are principally involved, it is not unlikely that other shares, in which short selling has been done, are being also pressed for delivery. It is not known what action the Stock Exchange;; propose taking in tho matter, for the trouble is not confined to Wellington, but extends throughout tho Dominion. Nov; Sylvias advanced further, and were sold on Saturday at 3s. 5Jd. and 3s. 6d. The buying and selling quotations were as under:— ■ Buyers. Sellers. £ s. d. £ s. d. Blackwnlcr 18,0 , — Brcmner's 0 0 3i — Con. Goldfields 10.9 116 Kuranui Caledonian ...... — 0 13 3lay Queen 0 2 7 0 2 9 New Sylvia' 0 3 5 0 3 0 Saxon 0 2 1 0 2 3 Tajma. Mines 0 2 0 — Talisman 2 9 0 2 9 6 Waihi 3 6 9 3 7 0 Waihi Grand Junction ... 1 7 3 17 9 Waitangi 0 2 7 — Watchman — 0 2 3 Waihi-Paeroa, 012 3 — The course of Eales during the past week was as under:— Consolidated Goldfields, 215., 21s. 3d. May Queen, 2s. 7d„ 2s. 6Vd., 2s. 5d., 2s. W., 2s. 3d., Zs. 6d., 2s. 6d. New Sylvia, 2s. 10$ d. 2s 10d..'35, Id.. 3s. 2d., 3s. 3d.. ss. 4d, 3s. sd„ 3s. 5Sd., 3s. 6d. Saxon, 2s. Tairua Mines, 2s. Id., 25., 25., 2s. Talisman. 455. 3d., <9s. 6d. Waihi, 665. 3d., 665. 6a., 665. lid.. EC*. M., 665. 9d., 675., 675. 3d., 675. 6d„ 675. 6d., 665. 6d. Waitangi, 2s. 81d.

STOCK EXCHANGE. (By Telegraph—Press Association.) Auckland, Jnlv 1. Business dono on 'Change this mornin;:— May Queen. 2s. Ed., 2s. 9d. Saxon, 2s. 2d. Moanataiari, 5d., 5Jd. - Waiotahi. is. 3d. Golden Cross, Is. Tairua Mines, 2s. Grand Junction, £1 7s. 9d. Waihi, £3 7s. 3d.. £3 7s. Tairua Golden Hills, lCd. Union Steam, £2 Is. 9d. Chrlstchurch, July 1. Sale reported on the Stock Exchange.of Canterbury:—National Bank of N,Z.. £6 Is. 9d. ' L . „ , , Duncdln, July 1. Stock Exchange sales:— Talisman Consolidated, £2 9s. 6d. New Sylvia. 3s. 6d. Sales reported :-Waihi Grand Junction. £1 7s. Bd., £1 7s. 9d.; Waihi. £3 7s. 3d.. £3 75. : Jiew Sylvia, 3s. 6d.; Union Steam. £2 Is. 9d.