COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1259, 14 October 1911, Page 8

COMMERCIAL ITEMS.

INVESTMENT" SHARES, v Tho market foT investment shares is very quiet, and the brokers appear too tired to furnish auotations for tho creator portion of the shares on tho official list. The tales recorded yesterday were: Wellington Gas Rights, two sales at 3d. each, and Wwtport Coal at 235. 9d. and 28s. lCd. The buyinz and selling quotations were as wider: — Buyers. Sellers. £ s. d. £ s. d. National Bank 6 10 6 2 0 N.Z. Loan and Mercantile — 017 9 Well. Investment 0 11 9 — Well. Trust and Loan ... 7 10 0 - Christchnrch Gas — 913 6 Well. Gas (£10) — 19 0 0 Well. Gas (£7 155.) 15 10 16 0 0 Well. Gas (rights) 0 0 2 ,004 N.Z. Shipping , 11 0 0 — Woll. Woollen (prof.) - 2 19 6 Tanpiri Coal ..: — 116 Wostport Coal 18 6 19 0 Mnrinintr, and Co 3 19 0 — N.Z. Paper Mills 10 0 10 6 Saarland's ordinary ' — 14 6 TaranaUi Potroloum 0 17 6 0 18 0 Whitcombo and Tombs ... 6 12 0 — COMPANIES REGISTERED. In the list of companies registered published in the last issue of the "Mercantile Gazette," there appears the following:— Hall Manufacturing Co., Ltd.—Registered o.s a private company October 5. Office, Wellington: capital £25C0, divided into 25C0 N shares of £1 each. Subscribers: R. Ho.ll, 1503. and 11. Wardell, IPM. Objects: To acrmirc the business of Robert llall, margarine manufacture, etc. Excelsior Dairy Company, Ltd.—Registered ni a private company .September 27. Offic. Hastings Street. Napier. Cpnitol, 3225.6C0. Divided into 26.8C0 shares of £1 each; Subscribers: W. Stock. 12.PCC; Harry P. Bayers. (■803: O. D. Kennedy. 2000: G. F. Roach. 667: J. I>. Rivers. 667; F. C. Hartshorn, 666; 11. C. Stock, lCCO; C. E; Stock. MOO. Objects: To carry on business as dealers in and producers of dairy,.farm and garden produce of all kinds. Customs revenue collected at tho port of Wellington yesterday amounted to £887 19s. lCd. BANK OF ENGLAND RETURN. By Teleeraph—Press Association—Copyright (R«c. October 13, 7.55 p.m.) London, October 12. Toe Bank of England 'eturn issued for the we«k ended Wednesday, October 11, is as under:— Issob Depabtitgkt N»telisu«... £55,217,009 Gov. debt ... £11,015,033 Other securi tios ... -. 7,434,nnJ Gold 36.70P.00J £55.317,000 £55,247,W1 BiNKIXO DEPAHTMnST. Proprietors' Govt, securi- £11,595,000 capital - £11,553,003 tics Public do- Other sccuriposits ... 6,430,000 ties 28,297,000 Other doposits ... 15,938,000 Notes ... 28,007,000 Rest. 7-day and other kills... ... 3.150.000 Coin ■■• - 1,101,000 .£70,121,003 £70,1-21,003 Tho leading items of the Bank of England return afford the following comparison:— This week Last week, Last year £ £ £ r.ullion 36.703.000 37,80-2,000 3-2,279,000 Reserve 27,-2Ja,UUO v7.b94.000 24.353,000 Note circulation 29,180.000 20.6-21X00 -27,875.003 Tubllc Deposits 6.W0.U03 11.322,000 CM.,000 Other Deposits 45,953,UX) 42,659,001 45,409,000 Proportion of reserve to liabilities ... 51.01 51.15 46.94 ', GOVERNMENT SECURITIES. Tho following are the latest quotations tor Government tecurities. with a comparison or thoso ruling last weeks- ,

BANK RATES OF DISCOUNT. Tho Hank of England rato wa3, on December 1, 1910, lowered from 5 to 4J per Cent.; on January 27 it was lowered to 4 por cent., on February 16 to 31 per cent,, and, on March 9 to 3 per cent. On Scptcmber 21 H was advanced to 4 per cent,

The Dank of France rate was reduce! from 35 to 3 per rent, on January 23, 1908. and continued at the latter figure until September 21, 1911. when it was raised to 3i per cent. Tho Imperial Dank of Germany reduced its rate from 5 to 4J per cent, on February 6, and on Fobruary 19 the rate was further reduced to 4 per cent. On September 19 the rate was raised So 5 per cent. MARKET DATES OF DISCOUNT. The followinc arc tlie market rates for best three months' bills:— London Paris Berlin rate. rate. rate. ' percent per rent, per cent Tills week 4 3i 4J Last week 21 3i 3,5 Last year 39-16 2a 4 Short loans are Quoted at 21 per cent., as auainst 21 per cent, last week, and 2J per cent last year. COLONIAL AND OTHER PRODUCE. wheat—The markets are stcadv on firmness in America, and reports of continuous frosts in Argentina. Carcocs are hardening, an Australian carco sold at 365. 3d.holders aro ashing 3fe. 6d. for South Au«tralixn Ausrust shipment and New South wales October shipment: Ms. 10jd. has been paid for a parcel afloat. 355. 3d. is asked for Sopteinbcr-Ootobcr shipments, There is faij' inquiry for Australian'on spot and 375. has ticcn. paid. Flour meets with a moderate demand at 25a. 6d. for spot, and 255. to arrive. Oats are firm. La Plata, Decomber-Janu-ary shipments, 163. 9d. Butter—Danish is dull and irrogular at about 1485.; choicest colonial salted, 182b. to 1345.:- unsalted, 1345. to 1365. The hieh .pricos are rondorinK buyers somewhat nervous. Cheese is dull. Canadian September shipment, 695. Sugar—Gorman beet. 88 per cent, net titre. 4d. lower at 17s. Bd. per cwt;. first marks, jrranulated, f.o.b. Hamburg, 2d. higher at 21s. Bradford Tops.—The market is weak, with little business dointr. The spot quotations arc:—Sixty-fours, 26d.: super sixties, 251 d.; common sixties, 24id.; fiftv-eixes, 21d ■ fifties, 17jd.: forty-sixes. 14d.; forties, 13id! Futures: Sixty-fours, 25d.: super sixties, 241 d.; common sixties, 23id. THE METAL MARKETS. Copper, on spot, 7s. 6d. lower at £54 lis. 3d. per ton; three months. 7s. 6d. lower at £55 7s. 6d.; electrolytic, £56 17s. £d. Tin, on spot, 10s. higher at £183 10s. per ton: three months, 10s. higher at £183 5i Pis-iron.—Middlesboro' No. 3, Id. lower at 465. 4d. per ton. LONDON MARKETS. Messrs. Dnlgety and Company, L»d„ havo received cabled advice from their London office, under date October 12. in regard to the following markets:—Frozen Meat and Lamb: Since our Inst wire prices are onocisrntH pence per lb. lower, owing, to poor demand. For Quantities hold in store, the market is firm, because stocks are moderate and floats light. Beef: No demand owinpr to heavy supp'.ic.- of chilled. Nominal quotation—New Zealand prime ox beef hind?, 3Jd.; fores, 2Jd. Mutton Tallow Nczlectcd, and prices aro unchanged. For othor descriptions, prices are vcrv irrecular. but. on the average, are 9d. por cv.t liicher. Rabbilskins: Since our last wire, prices aro lower by Id. to 2d. per lb. EGGS. POULTRY. ETC., IN LONDON. Tho Commerce and Tourists Division of tho Department of Asriculturc, Commerce and Tourists has received the followinz cablegram from the Hiih Commissioner for Now Zealand, dated London, October 12 1911. _ (Note.—Quotations, unless otherwise specihed, are ayeraso market orices on spot.) ;— Eizs—The market is ouiet. Per 120— Dome, lis. 6d. to 145.; Russian, 7s. 6d. to 9s. 3d.: Italian, lis. to 12s. 6d.; Danish, lis. 6cl. to 12s. 6d.; Australian, 7s. 3d. to 9s. 9d Poultry—Chickens: American. 7d. to Bd. Ncr I lb.: Russian, 7d. to 6d. per lb.; Home, 7!d. I to lCd. per lb.. Ducklinss: Homo, 7d. to 9jd. per lb.; Russian,. od. to 6d. per lb.: Turkeys: Russian, 7|d.'to Bid. per lb.; Home, 9Jd. to lCd. per lb. The market is rather quiet; a largo supply. Bacon-The market i'; uu!l, ?" d l ,nces irrcEular. Sides: Irish. K'i. to /Is. per cwt.; Continental, 625. to 66.<. per cwt.; American, 525. to 565. per cwt ; CanarVau, 545. to EEs. per cwt. Hams -The market is dull, atul prices irregular. Irish, 965. to 112s. per cwt.; English, 84s. per cwt.; Canadian, 665. to 6<s. per cwt.: Amoncan, 545. to 6Bs. Der cwt. GRAIN AND PRODUCE. (By Telegraph-Press Association.) Chrlstchurch, October 13. There is no chanjro to note in the local CTain market, there beins practically no wheat or oats offering by crowers, and no business of any extent doinc between merchants. Prices are without quotable ohango. wheat still randui from 3s. 6d. to 3s. 7rt. for hunters and tuscan at country stations. Chaff remains firm at 90s. at country stations. The only move is in potatoes, which have advanced to 40s.- at country stations. Tacro are tome orders in from the North island, and as merchants havo not been holdvng any shocks, they have had to advance the price in ord,?r to obtain supplies as growers are indifferent about FcUinE at a lower fiEure. It is stated that the layinc up of tho small coastal steamers is 'ateo havinc some effect upon Uio potato market, as it is preventing the shipment of potatoes to the smaller coastal ports in the North Island. Potatoes at this lato date in tho season aro not keepin"- well and refiniro to bo shipped direct from tho nit, and hence there arc no stocks in morohanls hands. TV low npoe* rulin" Jatoly. and the uncertainty of the market has also besn jurninst forward to unyoxt/snt. There is still a fairly "largo quantity held by growers.

Variations — compared Pries. with , . last week. £ 9. d. 2J% Imperial Consols 77 7 6 2s.6d.lower 4 „N.S.\V.1933Jan. -July 101 0 U Unchanged 3i „N.S.\V.l'J19.vlar.-Scp. DS10 0 Unchanged 3 , N.S.W. 1935 Apl.-Ocb. 80 0 0 Unchanged 4 „ Vic. 1920 Jan.-July 192 0 0 Unchauged 3-i ,, \ ic. 1921-6 Jan.-July US U 0 Unchanged 5) „ Vic. li>'29-49Jan.-July 84 10 0 Unchanged yi S,A. 1016 Jan.-July 9j 0 L* Unchanged y ,S.A. 1J16 Jan.-July b'2 0 0 Unchanged 4 „QTdl913-'2l Jan.-July 10- 0 0 Unchanged 34 „ Q'i'dl92l-ijl)Jan.-July *«.6 0 0 Unchanged 3 „QTd !sM2-47Jan.-July cd 0 o Uuchangel i „N.Z. 1020 May-Nov. 102 ill 0 Ujtcimnged 3i „N,Z, 1910 Jan.-JuJy 9? 10 U 10s.higher 3 ,.N.Z. 194«'> Aprii-Ocb. t5 10 0 Unchanged 8$ „ W.A.lO-iO-JO May-Nov l»5 10 0 Unchanged 3 ,.\V.A.iUlu-35 May-Nov W 10 0 10?. higher „Tas. J94UJan.-July W 0 I) Unchanged 3 ..Tas.lJiJ-jJJan.-July 10 O Unchanged