COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1259, 16 October 1911, Page 8

COMMERCIAL ITEMS.

IN VESTMENT SH A 1? fclS. The sales of investment, {.hare? records on Saturday were: Wellington Tru>t anLoan, £7 11v=.., and N.Z. Dnijr, £2 10s. 6d The buying and selling ouotatians wen as under:— Buyers. Sellers £ s. d. 4 5. d Rank nf New ZcaJnud ... 12 0 (1 Metropolitan 12 6ft — ' N.Z. and River Plate -- 2 0 1 : Welt. Trust, and Loan ... 7 10 0 ' Christchurch (Ins — 9 1.5 C > Gishurnc Gas — I ( Weil, fins i CIO) - J8 IV ( . Well. Um (right.) On?, on ■ . Chrisfchureh Meat lo (i ( ' X.'/. Shipping 11 0 0 ' i'nion St cam -- "(if 1 Well. Woollen (prof.) — \\ 19 C Taupiri C'nal — J 1 6 West port Coal - 1 9 C Manning and Co 3 19 0 — N.Z. Con. Dental — 1 3 Sharland's ordinary — 14 6 Taranaki Petroleum — fl 18 0 Tariugamutu Totara. 2 3 0 2 5 C Ward and Co 4 19 0 5 1 C Whitcombc and Tombs ... 6 12 0 — THE WOOL REFORT. Judging by the quotations for Bradford tops, tile outlook for line wools is not promising. The hie her coiuits, "sixties" and "sixty-fours," aro quoted at id. below current rates for future delivery. Coarse crossbreds appear unaffected, a.nd really coars© »• ol is as chcn?) as it well can be. the quotations for tope with those current a year ago. we obtain the following:— Oct. 12, Oct. 12. 1910. 19U. Tops— d. (1. Fortie? - 14i 131 Forty-sixes 16J 14 Fiftie 20$ 17i Fifty-sixes 231 21 Common sixties 27 24J Super sixties 28 25j Sixty-fours 285. 25 "Forties" exhibit the least decline, but all the others have depreciated very considerably—especially the "sixties" and "sixty-fours." COMMERCIAL DISPUTES. The New York Chamber of Commerce has matured and adopted a plan for the settlement of commercial disputes, by arbitration, and the committee responsible for the scheme, while acknowledging "the splendid work of the Commercial Courts of Europe," remarks that these "would not serve as models, owing to fundamental differences in laws, customs, and viewpoints." In the New York scheme the parties "agree that a judgment of the Supreme Oourt of the State of New York may be entered in any county in the State upon the award, and they explicitly waive any right to withdraw from or revoke," the submission of a ease after the appointment of arbitrators. The New York "Journal of Commorce" says that the plan is likely to be instrumental in fettling a large number of .disputes. and it considers that there v.*jll be a gTcat advantage to the community in relieving the congestion of the law courts. A great advantage will be the promptitude with which the work will be done. "Arbitrators may be selected who are long familiar with the special and peculiar details of the line of business under consideration, their qualified judgment eliminating the long dircussion and the examination of expert? to explain to judge and jury certain details essential for their understanding in a case at law." Tho advantages of arbitration have long been apparent to commercial men. and it may be opportune to remind the Mancheetex community that our Qiau.bcr of Commerce undertakes the settlement of disputes between parties who are not members of the Chamber, and that "in moit ca-ses involving only one bitting the cost is abuut £7." CUSTOMS. Customs rovenue collected at the port of Wellington on Saturday amounted to £931 17s. Bd., the total for the week being £9X<3 Is. Id. The returns for each of the past oight weeks, as compared with the figures for the corresponding period*? of last year, show as under:— 1911. • 1910. £ £ August 26 15.965 26,169 I September 2 18,156 11,395 September 9 23.4C6 12,849 September 16 13,455 19,836 Soptenvber 25 21,591 22,£42 September 30 7.693 11,171 • October 7 15.117 21.318 October 14 9,908 10,201 125,191 135,301 The beer duty for the past week was £196 13«>., as against £205 4?. for the corresponding week of last year. FROZEN 3IEAT. By Telegraph-Press Association—Copyright (Rec. October. 15, 5.5 p.m.) 'London, October 14. , The Frozen Meat Trado Association's > Smkhfield market quotations for the un- j dcrmentioned classes of frozen meat are based on actual sales of not less than one huudred carcasses of mutton or lamb, or twenty-five Quarters of beef of fair average Quality. The quotations arc not for selected' liner?, but for parcels fairly , representative of the bulk of the ship- | incuts m>w on the market. The pricca ; which follow arc on an average a farth- i kig per lb., more than the value ex ship, luis difference representing an average cost in expeULcs, handling, conveyance, and selling the meat:— Oct. 7. Oct. 14. d. d. iiutton— Canterbury, light 4J 4i Canterbury, medium 41 Canterbury, heavy 4 4 Southland 4 4 North Island, best 4 4 North island, ordinary ... 3? 3£ Australian, light 3ij 3A Australian, heavy 31 3i River Plate, light 311-16 5^ River Plate, heavy 33 3 5-16 New Zealand ewes 315-16 3 3-16 Australian ewes :: 3i 3 3-16 River Plato ewes 3J — LambCanterbury, light 51 5J Canterbury, medium 51 5). Canterbury, heavy 4£ •« Southland 5 5 North Island, selected ... 5 5 North Inland, ordinary ... 4I 43 Australian, best — _ Australian, fair — — Australian, inforior — River Plate, first — _ River Plate, second — 32 BeefNew Zealand, ox fores ... 23 2^ New Zealand, ox hinds ... 3? 3$ Australian, ox foros 2\ 23 Australian, ox hinds ...... 31 3* River Plate, ox fores 23 23 River Plate, ox hinds 35 33 River Plate, chilled foTos 2$ 2i River Plate, clrMlcd hinds 4j 4 Rabbitc aro in excellent dcrmand and ' colonial arc clearing well at full rates. New Zealand Loan and Mercantile Agency Company, Ltd., have received ;he following cablegram from th<*ir London hou-« under date October 13:—Frozen Meat: The market is easier for lamb, but weak for beei. and sales of mutton are difficult. RIVER PLATE ' MEAT. By Telegraph—Press Association—Copyright (Rec. OctobeT 16, 0.25 a.m.) London, Octobcr 15. River Plate ewes, 3 3-16 d. WHEAT. By Telegraph—Press Association-Copyright (Roc. Octobcr 15, 5.5 p.m.) London, October 14. 14,500 Quarters Australian wheat, Octo-ber-November shipment, sold at 365. 6d., aud 6700 tons South Australian now shipping at 365. 4£a. per quarter. NORTH OTAGO MARKETS. (By Telegraph.—Press Association.) Oamaru, October 15. Dullness continues in the wheat, market. A sale of 15 sacks, at a country Plation, at 3s. 7d. is reported, but in another instance, a similar offer was refused. In the oats market 3s. is Quoted for good feed. Oat isheaf chaff remains steady at. £4 10s. on trucks at couiitry stations. Potatoes are nuoted at from 9d. to lOd. Butter is plentiful, and the prices ouotcd arc lOd. for separator, and Bd. for dairy. ■ WOOL, HIDE AND TALLOW SALES. Messrs. Dalgety and Company, Ltd. (Palmcsreton branch) report having hold their monthly sale of wool, skins, hides, tallow, and sundries, on Friday. The report states:—'We offered an exceptionally heavy catalogue of all da?6cs. which met with keen competition, before a good attendance of buyer?. Wool: The greater proportion of wool offered consisted of crutching? and dead. Crutchings. best sid.; medium'. 41d. to 5d.; crossbred, 6d.. 6id.. 6?d. to 73d.; dead, 63d. to 7Jd.; black ,s£d.: ioelw picces, 3d. to 43d. Sheepskins; Prices realised showed an advance on all claret, Cro:>brcd. 53d.. 6d. to GJd.; half-wools, 4Jd.; shorts. 31d.; dead hoggets. 4Jd. to 5d.; dca-d and damaged, 4Jd. ( 4:d. to 51d..; butcherf?, r.rorsbred, at each, light. 4s. Id., 4s. sd. to 'V. lid.: heavy. 5s .2d.. ss. sd„ ss. 9d.. 6-3. 2d. to 6s. 9d.; salted, ss.ld. Hides: Priecs were on a par \rith last, sale rates. Ox, bet-t lots. 63d. to 63d.; medium. 6Jd. to 6Jd.: cows, best lilies 6'd. to 63d.: medium and rough. sld. to 52d.; cut, 4?i.: elippv, :!jd.; heifers and fitter?, 6d.j yearlings, 6£d. to 6^d.: cut, 43d.; horse, at each, 7s. to 8?. 6d.; biUls, 53*1. Calfskins: These met a keen demand, and prices realised showed a Erood advance on our last sale. Best lines, 9id. to 9d.; modium, Bid. to 8J(L; light,

7d.; cut, 6/, d. Sundries: Tallow, in casks. 2C-. 3d.: tir.v. 23... 9d. to 245.: inforior rough, i's.; rabbit *kins, 7d.: horsehair, U. ?d.; e.->\v tip.-, Is. Mea*r.-. Abraham and Williams, Ltd., rep.">rfW'v held nnr monthly wool, hide, and tallow sale at Palmorston, on l riday. and offered a good catalogue to a. fair attendaiv.'e of buyer.-!. Uidflins throughout was n.)t epiritwl, and wn found it necessary to pa.<s a few lots. bui. after, the sale, we wore able to nuit the bulk of the passed in lots at prices cmuil to ruling rains. Wor!; Cros-hn::l. fin-, 7d. to Bd.; cn;v> bred, medium. 63d. to 7id.: d*ad, to 63d.: enitehings, 3}d. to 5d.: black, 54d.: lambs. 6id. Skins: Cro-vbred. line. 4lfK. s'Jd.. 6Jd. to 61d.; crossbred, 41d. t 52d. to Cd.: crofobrcd, inferior. 4Sd. to 5d.; dead and damaged, L 'd.; hogirets. to sid.: dead, to 5Jd.: black. *!tl. Butehc-rs skin?, at. per piece: Crossbred, fine, 4>.. 9d., r ( s. Id.: medium. «Is. 7d.. ss. 3r'... 65., .9d.. 7f-:. Id,; crossbred, salted. 3s. Ltd.; pelts. Is. 3d.; dead, .V-. Ltd. Calfskins: Sound. sid„ CM-. V>(l.. 9id. to 10jd. per lb.: cut and slinpw 3d. to 6Jd. per lb.: yearlings, fid. to 6Jd. HMss: Ox. medium, 6d. to 6ftd.; ox. light. Gid.; cowi;. medium. to 6?. d.: light. sid. to Gild.: cut. 43d.; heifers and steers. G?d.; bulbs, 4Jd. to sf!d.: horse hides. 7s. to 10s. Sundries: Tallow. in tins. £24 10s. per ton: drums. £24 nor ton; casks, £24 per ton; horse hair. Is. 3d. rer lb.; row tails. Is. per dozen. Mr. Hugh Roberts, of Fcdlding, reports as follows on his u-mal monthly sale:—l submitted a catalogue of 25 bales wool. 150 bags. 22M skins. 1200 calfskins and hides, and the usual sundries, to a largo attendsnce of buyers. I offered £) bales of this year's fleece off sheep shorn in my shed, and this made up to 7?d. per 10. Owners' reserves being above market value, I had to pass in a few lines. Hides and tallow were firm at late- rates, skins were slightly easier, bu3*ers apparently having little confidence in tho futum of thii market. Wool-. Flooc-e, 7id. lo 72d.; rrulchings, 4?d. to sid.: black, s£d.; looks and pieceu 3 , 3id. to 4id.; inferior and dirty, 2id.; dead, medium, 62d.; inferior and din try. 3d. to 6d.; lambs, seedy, 4d. Skins: CrDssbred, 51d. to 6d.; half-wools, 4id.; inferior pelts and shorts. Id. to 2id.: damaged skin' ? d. to 4d.; dead. 4id. to 42d.; inferior h' ••". 32d.; black, 3?d.: damp skins, at each, dead and light, Bd. to Is. 6d.; oroifbred, 2d., 3s. 7d., 3-s. , lid., 4s. 4d.. ss. Id.. ss. 3d., 5s 4d., ss. 7d.. ss. |Bd., ss. lCd., 6s. 2d., 7s 7d.j pelts, lid.; spring lambs, 4d. to 9d. C.ilf: medium, 83d. to 9d.; rough, 73d.; cut, %d.; slippy, 3d. to 4Jd.; sloppy, Bd.; yearlings, 6d. to 6id.: rough, 5?. d.; cut, 4xd.; slippy, id. to 4id. iii-des: Cow, s?d. to 63d.; ox, 52d. to 6 J »d.; staggy. sid.: bull, 5d.; cow. rough, cut. 4M.; flippy, 2id. to 4Pd.: horse, at caeh. 45.. Cs. 6d.. 7 C . 6d. Tallow: Casks, not in flipping order, 245.; in t:-ns, 245. 3d. norio hair, Is. 6id.; inferior, 3d. WEEKLY MARKET REPORT. Mr. Newton King's weekly report is as follows:—On Tueidar. Octobcr 10, at my Stratford springing heifer yards, there wau a good entry, and a fair attendance of buyers, and a number of hrifcrts were disposed of as follow:—Heifers-, calved and close up, £6 to £8 12s. 6d.; late calvcrs, £4 1C.7. to £5; cows in milk, £10 ss. At my Rahotu sale on the same day there was a good ontry, but the young cattle were not in demand. A lino of daivy cattle yarded on account of .Mr. Rutherford were in fair condition, but did not realise as high priccs as dairy raws at recent sales. Mixed ycarlingti made £2; yearling heifers, poor, Gd. to 395. 6d.: yearling bulls. 2Ss.: yearling steers, £2 9h. 6d. to £2 13s. 6d.; rtore cows, £3 14s. to £4 35.; good forward cowl-, £5 25.; 2-year steers. £4 45.; Jcreey bulls, £2 6a. to £5 10s.; fiersey heifer, £8 55.; hoifcrs, caived, £7 10s.; springing heifers, £3 IDs. to £4 5«. 0:1 account of Mr. Rutherford, dairy cows realised £3 ICs. to £8 55.; heifers, £4 to £4 ss. The sale of Mr. T. Luxton's pedigree and grade stock at Waitnra Road on Wednesday. October 11. attracted a large number of buyers from all parts of thf, district. Competition was keen for all pedigree slock, and prices realised furnished proof of the popularity of the Jersey. Thy noted cow "(iranr.ie's Girl," having been mated with Mr. Goodron's nev.ly-im-ported bull, "The Sunirc." was the rontrc of attraction, and she was secured by her former owner, Mr. E. Griffiths, at the reserve of 100 guineas. Prices for other cow?, i>omio of which were aged, ranged from 23 to 41 guineas, heifer iT-iifie 36 guineas, aud calves from 2U to 276 guinea-s. Aged hulls made 12' to 19 guiueas; yearling bulls, T>i to 42 guineas. The grade dairy cows were a good, useful lot, mostly at fall profit, and met wMh plenty of competition, realising as foUow;—Cows at profit and close up, licavy grade. 10 to 15 guineas: later and ordinary. £5 to £9 15.5.; old and very late, £2 to £4 10s.; springing heifers, £6 15*. to £7; grade heifer calves, 186. to £2 lCs.; yo.irling heifers, £5 7s. 6d. to £5 155.; grado yearling bulls, £2 2s. 6d. to £3 15s. On Thursday, at Waiwakaiho, I had a fair yarding of ail classes. Bidding throughout was keen, and good business resulted during the afternoon, despite tho very wet weather. Dairy hcifern wero much sought aft sr. Mixed yearlings made 345. to £2 14s. 6d.; yearling steers. £2 to £2 Is.; yearling heifers. £2 ss. 6d. to £2 7s. 6d.: 2-ycar £3 9s. to £4 Is.; Jersey yearling heifers, £3 ss. 6d.; store cows, £3 ?.s.: 2-year Lteers. £4 35.; fat cows, £5 195.; KT>ringinor heifers, £4 to £6: snringmg cows, £4 to £5 10s.: purebred English Leicester owes and lambs, 275. Gd.; do. 2-tooth ewes, 3Cs.: do. rams. 1$ to 2 guineas; s*earling .Tc-pcy bull. £5 19s. During the week I have sold nri-vately n cood nnmber of fettle at the following prices:—Mixed vcarliwrs, £2 t'* £2 11*.: yenrlinfr £?. 7s. 6d.; yearling heifers, £2 9s. to £3 2s. Gd.; 2-year empty heifers. £3 15-. to £-1 10s.; 2-yesir fit??"?, £4 to £4 7s. Cd.: store cows. £3 IPs. fr» £4: J-vc o " bullock's. £6 iss.: fat bullocks. £8 15=;. t 0 £11: fat cows. £5 15?. to £10 IPs.'; fpt- I'.cJ.fof-, £5 to £5 10-?.: wo r kiug bullocks, £•"2 a nf*ir; in-calf heifers. £4 10s.: snrinc- . i"g heifers and in-calf (in lino of 20). £8 1A?.; of tV'.'ry eowf. £3 10.?.; pedirroe TMUteiu bull, rutn-sas; ewes. 12s. to owes and lambs. 125.. 6d. to 6d.; fat. e- r, :s. 6d.: hosgets. 1?.«. 155.; fat wethers. 20*. to 245. 6d.; mixed sheep, 13s. Gd. to 18s. 6d.