COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 1187, 24 July 1911, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES. There were no transactions in investment shares on Saturday. The buying and telling Quotations were as under:—

THE MONEY MARKET. There appears to be an abundance of money in London at tho moment, and rates are comparatively low. tjic 01 tne Uatfk of £nejand show exceptional strength* the proportiou ef reserves to liabilitie:. being as hiirh as 53.38 per cent. The Bank rate is not disturbed, ana remains ai i per cent., but short loans arc down to H per esnl., and three months' bills to 2 uer cent. Tho position of the money market in the near future will depend upon the demands made by the United States. America is in a position to draw co!d from London, and, should this power be put into operation, rates must advance. The European and American harvests are just about to commence, and enormous sums must be found to furnish the waecs aud transport charges. America may be forced to obtain the assistance of London, but an adverse movement of this character will not be felt until well on towards the end of next month.

PRODUCE MARKETS. The prices of New Zealand nroducts arc being fairly well 'maintained. Wool appears to havo recovered the initial decline registered at the beginning of the London sales, while the Bradford top market is reported cheerful, with prices unchanged. The drought ia Europe is causing butter to keep firm, although there is nothing unusual in the prices. Danish is nuoted at 120 a., which is about the normal price. New . Zealand cheese keens steady, at 60s. to 61s. The outlook for wheat is not very promising, because of the fact that the European crops give indications of being larger than in the past season. If this should prove to be correct, then less will be ienuircd to be imported, and prices must recede, with lcsEcncd demand, hut wheat is, comparatively speaking, not of any very great importance to New Zealand, where the production is only occasionally more than sufficient to meet local requirements. CUSTOMS. Customs revenue collected at the Dort of Wellington on Saturday totalled £1111 15s. 2d., the amount for the week being £13,425 , 19s. lid. The returns for the past eight weeks (compared with the figures for the corresponding period of last year) show as under:—

The beer duty for the week amounted to £267 18s. 6d., as against £266 17s. 2d. for tho corresponding week of last year. STOCK EXCHANGE. (By Telegraph—Press Association.) Auckland, July 22. Business done this morning:— May Queen, 23. 3d. Now Sylvia, os. 9d. Magnet, 41d.. 4d. Saxon, 2s. 6d., 2s. 7d. Hauraki. 2s. Tairua, Mines, 2s. 2d., 2s. WaJUi, £3 3s. NORTH OTAGO GRAIN MARKET. (By Telegraph.—Press Association.) Oamaru, July 22. There has been a. fair amount of inouiry for wheat this week, but farmers ecncrally are not prepared to accept current prices. A number of sales have been made, mostly in small lots. Red wheats havo been sold at 3s. ii.. less commission at country stations, while.velvet has commanded a, halfpenny more, .arid a mixed line of velvet and J.UFcan was taken at, 3s. 4d. net at a, country station. Potatoes have weakened in value, with no husincss passing. LONDON WOOL SALES. By Telegraph—Press Association-CopyrieM London, July 21. At. the woni sales there was strone com-, petition in all seclion*. ['rices for cropsbreds wore occasionally in sellers' favour. Messrs. Levin mid Co.. Ltd., have received cabled advice from their London accnts that the following clips have been sold at tho sales now current. The prir.es named are the average prices for tho fleece wool in each instance:—A..H.. Wangaiiui, 81d. per lb.; H. 8., Featherston. IOJd.; A.U.D.. Kelson, Bid.: Marahau. Wa.nza.nui, Utl; Rcwa Kewa. Tcnni, 9 9-16(1.; J.J.H., Wanganui, 8 l-16d.;U.A., Wanganui. 014., 9W. FROZEN MEAT. By Telesrapb-l'ress dssociation-Copyrighl (Rcc. July 23, 5.5 p.m.) London, July 22. Tho Frozen Meat Trade Association's Smithfiekt market Quotations for tho undermentioned classes of frozen moat aro hsucd cm neiiia! ?ale.= c.f not less than ono hundred carcasses of mutlun or lamb, or t-,venty-livo quarters of beet of fair avcra"o quality. The quotations are not for selected line?, but for parcels fairly reprcFi'iitJitivc of 11" , '"'lk of tho shipments now on the market. Tho prices which follow nre on an averace a fnrthIn" per lb. more than the value ex ship, this difference leiirejsntins. an averaso

cost in expenses, handling, conveyance, and Ecllii)!; tho meat:— July 15. July 22. Mutton— d. d.

The New Zealand Loan and Mercantile Agency Company. Limited, hive received the following cableeram from their London house under date July 21:-Frozcn Meat: The market is slichtly better for lamb. There is'less inouiry for mutton, and arrivals ot beef are in excess ot trade requirements.

FEILDING MAKKET EEPOET. Messrs. A.'ll. Atkinron and Co., of Feildins, report:—Wβ had a cood yarding of pins on Friday. Vendors' reserves for weanora were high, and values wpre not Teachcd. Medium lipht porkers sold well. Poultry made good value at about last week's rates. For potatoes and onions tb.ero was fair demand at quotations. There was no alteration in ixain. Chaff is worth from £5 10s. to £6, according to quality, we cmoto:—WeanSr pigs. 53. 9d. to fe. 6d.: stores. 9s. 6d., 10s. 6rt.. 125.. 135.. 16s. to 18=.; Hunt porkers, 17s. 6d.. 205.. to 215.; sows, to £2; apred hacks, 30s. to £5 10s. Poultry (at per pair): Hens, 2s. 9d.. 35.. 3s. 3d., ss. 6d;. roosters. 3s. to 3s. 6d.; ducks. 4s. to 4s. 6d.; turkey cobblers. 10s. to 135.; hens, &s. to 95.; geese. 3?. 3d. Produce: Potatoes, 7s. 6d. to 9s. 6d. per bac: pig do.. 35.; onions, Bs. to 9s. per cwt."; carrots, 4s. to 4s. 3d. per bog; parsnips, Is. 9d.; cauliflowers, Is.; pollard, 17e. 6d.; maize, 4s. tier bushel, bran, 6s. 3d.; barley, 3s. 6d.; Nelson apples, 7s. 9d.; oraafres, 3s. 9d.

HIDE AND SKIN EEPOET. Messrs. Dalpety and Co. (Palmerston branch) report:—At our monthly sale last week wo offered a. very full catalogue to a good attendance of buyers. All lots met keen competition, and realised rrices fully uo to last salo's rate?. Wool: Our catalogue consisted principally of crutchinis. which met a, keen demand. "We ouote:— Crtitahlniis. best lots, 6d. to 6Jd.; medium. Sid. to 53d.: inferior and seedy, 4Jd. to 5d.; crossbred, 6id. to 7Jd.; lambs' wool, inferior, 5<J. to 6d.: black wool. 6d.: lock* 3Jd. to 4lil. Sheepskins: Crossbred, 6£d. to 7d.; half-wools, s»d. to 6id.; =liort and nuartor-wools. 43d. to 5Jd.: woolly lambs. 6di to 6Jd<: shorn lambs, sd. to 5Jd.; dead howots, 4!d. to 5Jd.; pcMs. 3Jd. to 4d.; dea<l, s!d-; damaged inferior. 3Jd- to 43d.; seedy, s*d.: butchers' green ar.d falted crossbred, .it each, heavy. ss. Id. to ss. 6d.; medium, '«. 6d. to 4s. 9d.; li-rht. 33. -".-I. to 3s. lCd.; lambs' heavy, 7s. 2d.; medium, 2s. lCd. to 3s. Ad. Hides: Specially hea-vy ox, weighing 941b., realised 6Jd.: ox, medium, 63d.; medium to liirht. 6Cd. to 5Jd.; cut, 6d.; cows, best lines, 6jd. to 67d.; good, 6id. to 6d.: rough. 6d. to 6id.; cut nnd sHnpv. sd. to sid.; heifers and steers. 63d.: yeirlines, 63d. to 7d.; cut, sgd.: bulls, 4Jd. to Mβ-: horse, at each, 7s. 6d. to 9s. 6d.; cut, at each, 6s. 9d. Calfskins: Best lines. 9d.; medium, Bd. to BJd.; cut and slipoy. sd. to s*d.; dry, ot each, 1-:. Sundries: Tallow, in tins, 235. 3r1.: roiiffh fat. 195.; horse hair. I to Is. 6Jd.; cow tails, Is. 2d. per dozen.

Buyors. Sellers.' £ a. d. £ s. A Union Bank 67 0 0 — National Bank 5 IB 0 — Equitable Building — ■ 9 16 0 National Morttraso 3 9 0 — Wellington Investment... Ill ) — Christckurch Gas 917 6 — . Gisborne Gas 3 0 0 - Well. Gas (£7 Ills.) 15 0 0 Well. Gas (new) - 3 5 0 Meat Export (£5) 6 5 0 — Meat. Kxport (52e. id.) - • 3 5 6 N.Z.' Shipping - 11 12 6 Union Steam 2 16 2 2 0 Well. Woollen lord.) — 4 0 0 Well. Woollen (pref) - 3 16 Taupiri Coal — 12 0 Westport Coal : 1.93 199 Weatport-Stockton — 0 2 6 Kauri Timber - ■ 0 16 9 Lcyland-O'Brien 18 3 — New Zealand Drue: 2 9 3 — N.Z. Paper Mills - 119 Sharland'3 Ordinary 1 3. 9 - Taranaki Petroleum 0 16 6 — Tavinganiutu Tolara 2 b 1) 2 8 0

1911. 1910. £ £ June 3 16/60 12,578 Juno 10 9,164 8,306 June 17 15,570 15,482 Juno 24 9,565 9,578 July 1 9,095 17.434 July 8 21,444 10,250' July 15 27,889 . 22,232 July 22 13,426 9.C8O 122,613 104,940

Canterbury, liprht. 3,' 3,5 Canterbury, medium 3J 3,' ; Canterbury, heavy 311-16 3 U-16 Kouthlaiul — — X»rt-h Island, best 32 311-16 North I?l;ind. ordinary... 3', 3 7-16 Australian, lislit il 3J Australian, heiivy 31 3', IJivpr Plate, liclit 33 3S Jtiver Plate. lic:ivy 31 M New /cnliind ewes 3 3-16 31 Australian ewes 3S 3d llivcr plate ewes 33-16 3J Lamb:— Canterbury, licht 51-16 S\ Canterbury, medium 413-16 H Canierhury, heavy 4i n Southland 413-16 413-15 North lE'.aml. selected ... 113-16 113-16 North Island, ordinary ... 'u' 43 Australian, best M * Australian, fair 4J * Australian, inferior 11 ♦ J(i\-er I'lni.e. tir=t 4J 4J Eiver Plate, second <\ <A Beet:--Ncw Zealand,-ox fores... U 21 New Zealand, ox hinds ... afl 3J Australian, ox fores ..... 2S U-\\ Australian, ox hinds 3J ol-lo River Nate, ox fores -25-16 2. ?ivor Plate, ox hinds 23 River Plate, chilled fores 21 l\ Kiver Plalc. chilled hinds 33 33 * None offerinc.