COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1285, 14 November 1911, Page 8

COMMERCIAL ITEMS.

' INVESTMENT SHAKES. . The sales of investment shares recordod yesterday were Auckland Oa; at £3 Ss., and Christceureh A'.eat at £14 Ss. The buying ajiu selling Quotations were as untier:— Bnyen. Sellers v ~ i t, i - s. d. £ s. d national Bank' — 6 t n I-ei'lding Gau — 12 3 Xapier Gas _ ?4 10 0 Well. Gas {£81 _ 16 " 0 r ChriEtchurcli Meat — 14 10 o Union Steim 2 0 0 — liai.ipoi Woollen — 5 11 0 Well. Woollen lord.) ...... — ■ '4 o 0 Weil. Woollen (pref.l — . 219 0 Wcstport Coal J ' 190 Manning: and Co. — 4 0 0 Sharland's ordinary — 14 6 Sliarlaud's preference — .14 6 Taringaiuxtu Totara, — 210 0 lIO.ME LINES AND VALUES. The following fa a return of the principal -ine: of poods of Uritish manufacture exported to New Zealand during th" month of September, 1911. also for the nine months ending September 30. 1911, with figures fcr 19;0 pi von for purposes of comparison, turn- Board of Trade reMonth Nine months ondinrr endimj Sept. 30 Sept 30. 1910. 1911. igiQ IMI £ £ £ £ J?cer and a!c .. 3.6"?0 3,533 26,757 28 153 Spirits 20,395 26,140 181.3C3 179175 Iron and steel and manufactures thereof 93,647 59,329 759,349 851 SB4 Copper, wrought or manufac- - '", rwl s Ait 3 - 24z 22 - (67 33,272 Cutlery 3,7i6 3.219 30,795 28,165 Ilardware ...... 9.492 6,922 60,425 ICO/62 Cotton pjccc k'oocLs of :i!l , "' SS2 47 ' 9M 594,759 Woollen and * worsted manu- . faclures ... 23,734 27,605 308,321 397.354 .naberd.as'icry & millinery 4,055 5,«8 49,391 53,403 Jute mxnulzcturcs 2,681 1,030 25,512 23 '39 Linen mece icocds or ail kinds ... 5.541 6,983 75,638 S7 974 Apparel 30,853 49,160 <20,104 471,405 rioots and shoes 22.C47 25,588 150,631 167,452 Saddlery and harness 3,839 2,962 25,978 28,902 Earthenware & Blass 10,006 8,643 70,692 ' 83,890 Writing & printing paper 13,014 7,021 95,850 112 6<9 Cement 4,492 2,246 21,144 20,686 Stationery other than paper ... 8,671 9.7C6 45,230 48.W4 SHIPPING FREIGHTS. A correspondent in "Fairpiay" states that a curious phenomenon is observable in th« freight market, for the new Australian wheat crop. Although sailing ships are being snappod up o-ifrorly at from 4s. to ss. over the rates ruiibs for January-Feb-ruary loading at this time last year, c onie steamship ; owners appear to think an advance of 6a. a ton represents the diflercncc between pre?ent-day conditions and those of a twelvemonth ago. Most of tho boats that loaded in January-Fcbruirv last season were gettin? 275„ but in spite of tho unquestionable improvement in all Homeward markets, amounting in some instances to 25 per cent., steamers are bein,? fired for wlioa.t from Australia at a mere fraction over ia=t year's rates. Have the owners lost all sense of proportion? asks the correspondent. There is certainly some justification for the inquiry, hut the explanation is not so easily found. ~A= far as can lie s-ithered various causes contribute to the high rate now demanded by saMinvessels for transporting wheat from Australia. Last year there were ahout a dozen ships unloading timber in the Yarra simultaneously, against only two at the present time. This type of vessel is fast disnppearins: from the mercantile marine, and a-, their numbers diminish so does their value purposes increase, surh, for instance, as receiving wheat at outnorts where there are no facilities for loading steamers. In addition to the scarcity of sailing shipa in these waters, there are many fewer 011 passage to-day than there were at this time la.st year, eight representing the fixtures for Melbourne for new season's grain. If the diffcreuce in the rates of insurance be taken into account, tho cost of transporting wheat by sailer is appreciably higher than it is bv steainer. The increased size of the latter, hewever, militates somewhat against tho Rale of cargoes ill such bottoms, which is another reason for the preference shown for sailing vessels. THE WOOL SALES DISPUTE. GATHERING IN CHEISTCIIUKCII TO-IUY. A meeting of the New Zealand woolbrokers is to be held ill Christehutch to-day 10 consider the position which has arisen owing to the refusal oT oversea buyers to operate if clause 2 of the condition? of sale (which c!au:-c provides for cash on delivery) is insisted upon. Mr. A. E. Mabin (Levin and Co.), president of the Sew Zealand Wool Brols-

or.,' Association is at present in I lie Eouthorn lilly. Mr. It. \Y. WatiThnuse IN./. boaii mill .Mercantile), chairman of ihe Wellington Brokers' Association, ami Mr. Dennett, of Me.-T'. D'llgety anil Co., tjtit., left for the south la>t night. It is stated that there is a possibility of the brokers' ami liuvcrs' representatives conferring before the Christchurch f.ilcs open. Customs revenue collected at the port of Wellington yesterday amounted to £S?M 125. 2d. WIIBAT AND FLOUR. (By Telegraph—l'lcss Association.) London, November 12. The wheat and flour afloat for the United Kingdom totals 2.950.W0 nuarters; for the Continent. 1,355.CC(! ouarters; Atlantic, shipment;, 213,M0; Pacific shipments, <I,[CO. The total shipments to Europe during the week amounted to t.oI.J.CTO oua'rters, including SC.fCO from Argentina, 39Q.CC0 Russian, 2GO.ffO Danubian, H4.C00 from India, ami ICO.OCO from Australasia. LONDON MARKET PEICES. By Tcleirr&pU—Press Association- CooTriah* London, November 12. Copra—Market dull. South Sea, in bags, £25. Hemp. Market dull and prices unchanged. ■lute.—Novcmbor-Doccmber shipment, £20 10s. Cotton—November-December, 4.97 d. per lb. 11 üblior, 4s. <l)d. per lb. Hasil*—First New Zon lands, £18 IDs. Nothing doing in hides or leather. METAL MAItKETS. ' H.r Telccraph —Press Association—Copyright London, November 12. Copper.—On the spot, £66. l£e.: three mouths'. £57 Its.; electrolytic, £58 lCs. Tin—On the spot, £191: three months', £183 lCs. I.ead.-Imports, 14,357 tons; exports, 6022 tons. (inlvanlsed Iron—First brands, £13 17s. fill.: second. £13 7s. 6d. ■Tin I'hites.-Cokc, 13s. 3d.: charcoal, 14s. cd. Tram rails, .05. Wire.notliug.~Sixty-t.wo and a half per ce.ninm off list. llinil COMMISSIONER'S CABLE. The Caminefco and Tourists' Division of the Department of Agriculture, Commerce ami Tourists ha.? received the following cablegram from the High Commissioner for New Zealand, dated London, November 11. (Note: Quotations, unless otherwise stated, are average market, prices on spot):— Mutton.--The market is quiet, hut firm. The demand Ins been chiefly for heavyweights. Canterbury 41d., North Island s,"id. per lh. Lamb.- The market is dull, and there is scarcely any demand. Quotations show a weaker tci'.ilencv. I'ricen nominally unchanged, viz.: Canterbury 5d., other than Canterbury 43d. per lb. liecf.—The market continues dull. Ths trade in frozen beef is reduced to a minimuni. and [nictations «re nominal. New Zealand hinds 3Jd., fores 2gd. per lb. liutler—The market has recovered, and there is a bettor demand. ' Butter ex s.s. Ruapclui arrived in good condition, very fine in cuality, and sold very freely at 13Cs. per cwt.: Danish 1355., Siberian 12Cs.. Australian 1275., Argentine (new season's) 1245. per cwt. ChccfiS.—The market is quiet, but firm, and the demand is getting better. Canadian, 6Ss. to 715., according to quality. Hemp.—The market is quiet, but moderate business doing. There is a better demand for forward shipment. New Zcalantj good fair on spot per ton, £19 155.; New Zealand fair grade. £18 155.; fair current Manila, £19 15s. Forward shipment—New Zealand good fair per ton, £20; fair grade, £13; fair current Manila, £23 ss. The output from Manila for the week was 20.CC0 bales. ■ , . ■ Cocksfoot Seed—The market is firm with hardening tendency. Wheat—The market is very quiet and nothing doing. New Zealand long-berried wheat, ex granary, per quarter of <9Slb., 3?« i. Cd. Short-berried, 345. (new crop). ' Oats.—The market is firm owing to reduccd supplies. Now Zealand oats, short, sparrowbills, ex granary, per quarter of 3E«b„ 225. Cd. Danish, per quarter of ,3201b., 19s. Beans—The market remains firm. There is only a small ouanlity on hand. New Zealand beans f.a.q. (new crop), per 5C41b., 355. 6d. , . , , ' reas.-Tho market is steady, but no demand. New Zealand pcae (Partridge), per 6041b., 395. 6d. Business' has been done with new crop, March to April, 365. 6d. Wool.—The market is steady and prices weH maintained. Current quotations for Bradford tops:-36's low crossbred:-, Is. C2d> per lb.; 40's low crossbreds, le. Id.; 44's medium crossbred?. Is. lid.; 50 s halfbrcds, Is. 5d,.; 56's quarter-bTcds, Is. 7Jd.; 60's Merinos, 2s. Id. • l'ork—The market is quiet—small busiii"=s doing. Current quotations, 4Jd. per lb. LONDON MARKETS. j TALLOW. i Mc-fc-rs. Dalgety and Company, Ltd., have received cabled information from their lvad office to the effect that any change in prices is in favour of buyers and that the demand is very limited. The New Zealand Loan and Mercantile iWncy Company, Limited, have received .the following cablegram from their London houpo .under date November 10:— Frozen meat: The market for mutton shows inereas"d .firmness, the market for beef (sides) is steadier, and the lamb market is better.