COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 1215, 25 August 1911, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES. There were na transactions in investment shares yesterday. The buyius .and felling quotations were as under:—

FROZEN MEAT. Quietly and unobstrusively there are changes going on in the moil trade. Now Zealand still holds first position.as regards quality, and. as fur as the lamb trade i 3 concerned, the bulk of the shipments received in Great. Britain come from this Dominion. With respect to mutton and beef, however, we are hopelessly beaten. The figures giving the imports into the United Kingdom for the year ended June 30, 1911, taken from Dalgcty and Company's London circular are interesting:— Mutton Lamb Beef carcasses. carcasses.quarters. New Zealand 1,921.603 • 3,426,000 • 242.000 Australia, ... 2,089,600 1.646.250 569.750 River Plato 3,069,550 804,675 1,458,000 7,080,650 5,877,125 2,269,750 The shipments during the current year from New Zealand are bound to be less because there is a- decrease of over half a, million in the number of sheep, and the wool clip will also be smaller. Unless the prices foT these staple products arc higher, the income from meal and wool is sure to be less than in the past year. 'FARMERS' FIRE INSURANCE. A meeting of the directors of the Wellington Fanners' Mutual Fire Insurance Association was held at Paimerston North yesterday. The chairman of directors (Captain Hewitt) presided, and there were also present-:—Messrs. *V. J. Birch, J. Balsillie. Ale*. Howie. J. Morrison. J. G. Wilson, and H. A. Nevins. . . The- statement of new business showed over £13,000 in risks received for the two months past, and that the total insurances now held amounted to £164,000. The treasurer reported that the reserve fund was steadily increasing. It was resolved:—That small sums bo advanced to farmers on mortgage on application being made. The chairman reported that the association had now taken up butter and cheese factory rhks, and were receiving good support. It was resolved to notify dairy companies of the rates charged by the "Mutual." , 'A email loss (the first for this year) was reported as having been settled. Customs duties collected at the port of Wellington yesterday amounted to £1994 18s. Id. TALLOW SALES. By Telegraph-Pross Association-Copyright London, August 23. At the tallow sales 1831 casks were offered and 1734 Bold, at an average advance of i Is. per cwt. - ■ WHEAT. By Telegraph—Press Association—Copyright London, August 23._ The American visible supply of wheat is 53,975,000 bushels. ' An Australian wheat cargo has been sold at 355. 6d. per quarter. METALS. . By Telegraph—Press Association— Copyright London, August 23. Copper.—On the spot, £56 3s. 9d. per ton; three months, £56 18s. 9d.; electrolytic, £53 ss. Lead, £14 Is. 3d. per ton. AUSTRALIAN PRODUCE MARKETS. By Telegraph—Press Association-Copyright (Roc. August 24, 11.25 p.m.) Sydney, August 24. Wheat, 3s, 6d. to 3s. 6Jd. Flour, city brands, 1 firm': country brands. £8 7s. 6d. Oats, Algerian feeding, 2s. Id. to 2s. 5d.; seeding. 2s. 7d.: Tasmanians, 2s. lOd. to 2s. lHd. Barley, Cape, 2s. 6d to 2s. Bd.; English, 2s. 6d. Maize. 2s. 9d. to 3s. Bran, £5. Pollard, £4 10s, Potatoes. £11 10s. Onions, £4 to £4 ss. Bulter. selected brands,'l2ob.; prime, ICBs. to 116s. ChccEe, 6Jd. Bacon, 53d. to 6Jd.-

Melbourne, Arnrust 24. Wheat, 3s. 7d. to 3?. 7id. Flour, city brands. £8 10s.: country brands, £7 lCs. Oats. Algerian feeding. 2s. Id.: milline. 2s. Jd. Barley. Capo. 2s. 10d. Maize. 2s. Bd. to 2s. 9d. Bran and pollard. £5. • Chaff: The roarkot is fairly firm, and there is a cood (lomanA; oaten dumped, £3 12?. 6d. to £3 17s. 6cr.; compressed, covered, £4; uncovered, £3 15s. . . ■ '

Adelaldo, Auenst 24. Wheat, 3s. Ed. to .3s. 6d.: flour. £8 to .€8 fe. Tlran and pollard, 12Jd.; oa-ts, Algerian, 2s. 4d.

MELBOURNE HIDES MARKET. By Telegraph—Press Association—Copyright (Roc. Aucust 24, 11.25 p.m.) Molbeurne, Aucust 24. Hides are in overage supplies. Competition is good, and prices arc firm. LONDON MARKETS. The Kcw Zealand Loan and Mercantile Asency Company. Limited, have received the following cablegram from their London house, under date Ausuet 23:—Tallow: We quote present spot values for the following descriptions :—Good mutton, 355. 6d. per cvrt.; good beef, Sis. fid. per cwt.; mixed, 30?. 9d. per cwt. Tho market is active. Wheat: Sold at Jss. 6d. c.i.f. Australian r.irgo. The market is quiet, but steady. The prospects are fluctuating. A BIG.DEAL. The Sow Zealand Loan and Mercantile Agency Co., Ltd., has just completed the ealo of lioeliwood Station, in the Hughenden district, Queensland. The estate was disposed of on account of Messrs. Stuart Bros, and M/Caughey, tho purchaser being Mr. A. G Phillips, of Sydney. Rockwood is one of the largest and best-known stations in Queensland. It is situated on the Landsborough River, and is about £0 miles from Stamford railway station, on the Townsville-to-Hu'ghendon lino. The property hns an area of 619.541 acres, comprising 108.979 acres of freehold, 454.242 acres of leasehold, and 56,320 acres of ofcunation license. The stock included in tho transaction comprises 224,550 sheep, as well as 759 cattle, and 352 horses. Mr. Phillips has purchased the property on a "walk-in-walk-out" delivery basis, with the sheep in full wool.

Buyers. Sellers. £ h. d. £ s. (1. Union Bank — 66 5 0 WeJI. Trust and Loan ... • — 7 11 0 Well, Deposit 0 8 3 Chrfctrhitrch Oas — 915 0 Peildinp Ga? 116 12 3 Well. Oas (£7 10.0 15 0 0 - Standard Insurance 1 11 9 — Christcluirch Meat — 16 2 6 "Union 'Steam — 2 2 0 Well. Steam Ferry — 0 18 0 Westport Coal 18 9 .19 3 Leylancl-O'Brien 18 3 — Manning and Co — 4 5 0 N.Z. Drug 2 10 6 Taranaki Petroleum ...... 0 15 6 0 16 6 Taringarautu Totara ... — 2 8 0 Well. Opura House — 7 5 0