COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1272, 30 October 1911, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES. There wero no transactions in investment shares en Saturday. The buying and scllias quotations were as under:—

MONEY MAHKET. Buoyancy continues to be a feature of the Loudon money market. There was a shrinkage of nearly two millions in the metal reserve, but the reserve of notes and coin was slightly better than m tue previous week. The monetary rates were comparatively easy, and it seems likely now that the season will he pot tlirouK" without the Bank rate heins further raiscd. It is obvious that the industrial troubles experienced in (freat Britain has done something towards checking investment in industrial securities. This b apparent from the improvement shown in gilt-edged securities. Con-sols arc 12s. 6d. higher on the week ,nnd nearly all colonial denominations are higher. In order that this improvement should take place, there must have been an unusual demand. In the long run this movement will mean quiet trade and commerce

SIIET-F.-Ki:; MAHKET. , The flank of New Zealand has received from it? London otlh-o the following cable advice, dated October 27:—'"The jiurket shows no chn: l .'.:" for ail kir.'b of shprt-woollod ?kiu:\ and price? have fallen 10 to 15 per cent, for all kinds full-wocHcd skins." Dalgcty and Company. Limitco, report: —At our FeikUng saio on Friday we had a very {jond yarding of both sheep and cattle. Although the weather was extrcmclv Tougli, there was a large attendance oi buyers, and practically all line-.: were quitted at the following prices: —Sheep: ?«mcll, mixed, sliorn hoggets, to oi. Id.; euijuy sinre ewe% 9."., 9s. 3d., to lis. 7d.; srr.all mixed hojrcreto. to ICs. Id.; v/cihor hoggets, 12?.; medium hoggets, lis. 3:1. to 12s. 6d.; small ewe horgeb. to its. lid.; good ewe hoggets, to !(••. Id.; ewes with loinhs, 165., 16s. Cd., 175.. to l?s. 9c1.; shorn fat- ov.-er, to XZ?. 9d.; fat aud forw:tvd shorn wethers. 12s. lCd.; li'.'ht, fat, weol'iv ewes. 16.-. Cattle: Yearling lioifers. £2 3s. to £2 175.; 2-year heifer?, to £4 Is.:' empty rows. £3 125.; cows and ca-lves, £2 15s. to , r .3 Is.: backward dairy heifers, £4 ICs.; s'noH yelling steers, 555. £d.; bulls, to £o 12s. Cd. CUSTOMS. Customs revenue collected at the port of Wellincton on Saturday amounted to ,fllC6 12?. ''.d., the total for the wee): being £21,737 12« <d. The returns for each of tho past eight weeks, as compared wish the figures for the corresponding periods of last year, show as under:—

The beer duty collected during the pn.?t week amounted to £193 165., as against £225 3s. for the corresponding week of last year. NOF.TH OTAGO 3IAEKETS. (By Telegranh.—Press Associations Oamaru, Octobcr 29. The wheat market hca strengthened. During the week vflvet and hed chaii have te rt n sold at 3s. Sd. on trucks at country stations. Holders ask 3s. 9d., but the price lias not been obtained. Oats rontinue firm at 3s. for good feed sorts. Oatchair is firm at S2s. on trucki- at sidings. There are few potatoes offering, and these are selling at GCs. on trucks at sidings, Butter is firm at IM. for separator ,and Sd. for dairy. Kggs are fairly plentiful, aud sell at 9d. FROZEN MEAT. By Telegraph—Press Association—Copyright (Ptcc. Octobcr 29, 5.5 p.m.) tenden, October 29. The Frozen Heat Trade Association's Smithfield markc-: for the und.ermentioneci c!ar,=e~ of frozen meat are based on actual r-ales of not less than one hundred ctm-asres of mutton or lamb, or twenty-five quarters of beef of fair average oualitv. The quotations are not for selected lines, but for parcels fairly representative of the bulk of the shipments now on the market. The nriee3 which follow arc on an average a farthing per lb. more than the value ex ship. t::is difference representing an average cost in expense;-, handling, conveyance, and selling the meat:—

Pvhhbits are dull, English being in large supply. Colonial are 3d. to 6d. per crate cheapcr. The New Zealand Loan and Mercantile Agency Company. Limited, have received the following cablegram from their London hou'-t>, under date October 27:—Frozen i.'cnt— Mutton market slightly better. Lamb rales are difficult. Market is weak for beef (tides).

Buyers. Sellers. £ 5. d. £ s d. National Bank — 6 2 0 Well. Investment 0 11 9 — Weil. Trust and Loan ... 7 10 0 — Christeluircli Gas — 9 13 6 FeUding Gas — 12 3 Well. C!as. (£10) — 1813 6 Well. Gas (£7 10s.) 15 10 0 - Canterbury Moat 7 17 6 — Christchurcli Meat — 15 0 0 N.Z. Shipping 10 12 G — Well. Woollen (prcf.) ... — 3 0 0 N.Z. Con. Dental - 13 0 N'.Z. Paper llill? 10 0 10 9 Sharland's ordinary — 14 5 Taringamutu Totara 2 6 0 —

1511. 1910. September 9 P.3/C6 12^49 September 36 13,<55 19.8.16 September 23 21.591 E2.542 September 30 7,593 11,171 October 7 15.117 21,218 October 14 9.9f-8 10.2C1 October 21 9.340 2C-.C92 October 23 21,737 9,647

122.147 127,656

Oct. £1. Oct. 23. d. d. ilutton— Canterbury, liplit 45 Canterbury, medium ... 4J 4$ Canterbury, heavy — — Southland 3? ; 4;j North Island, be?t 3.1 A'h Noriih Island, ordinary... 3i| 5a Australian, light ...... 3 31-16 Australian, hwy 3 3 Kiver Plate. light 35 Z\ Kiver l'la!o, heavy 31 31 New Zealand owes 31-16 3j Australian ewe? 2jj H Kivcz Plate owes 31-6 3j Lamb— Canterbury, lirrlit 5 5 Canterbury, indium 5 5 Canterbury, heavy 43 Southland 43 4| North Island, pelnrtsrl ... 4j 43 North Inland, ordinary... — . — Australian, best — — Australian, fair — — Australian, inferior — — Piver Plato, iir-t. — — Paver Plate, sucoud — — BceT— New Zealand, ox fores ... 2§ 22 y New Zealand. 1 o>: hinds... 3i 3J Australian',' o:c' forc3 2i 21 Australian, o:c hinds 3 3 PJver Plate, ox fores ... 2b t 21 Kiver Plate, ox hinds ... 3\ 31 'Kiver Plato, chilled fores 21 Kiver PJa.'e, chilled hinds 3 3i