COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1333, 10 January 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SEAEE3. There were no transactions in investment shares yesterday. The buying and selling quotations were as under:— Tiuycrs. Sellers

FRENCH NOTE ISSUE, The maximum note issue of the Bank of France is to ba raised from the present £ttZ,tM,WO to jE272,CC0,0C0. and at the same time various changes are to bo introduced tending to benefit, the public, (lie Government nnd possibly the bank itf..'Jf. During the nest two years eight new branches and ten sub-branches are to be created, iv'nile agencies arc to be established in 40 towns. The bank is to be at liberty to discount bills drawn on foreign places in order to heir the French export trade, nu'd current account busings between different places in Franco in to be carried out free of tost. The charges for 'keeping bearer securities at tlw bank are to be reduced by 25 per cent., and the bank is to issue certificates of bearer securities of French colonial loans deposited with it. In return for its additional privileges the bank is to make a. supplementary advance of £800,000 to the Treasury, raising the total amount plnecd at the disposal of the State to £8,000,000, on which no interast is earned. Similarly the Bank of Algeria is to have its masimum uncovered note issue raised by £400,000, to .a total of £8,000,000, and it, must open four new branches before 1915. In some quarter? the extension of the nots | ■issue of the Bank of France is regarded as opposed to the interests of the country | on the ground that the circulation of paper currency is already excessive. It is contended that payment in coin would in duce the people to abandon their habit of carrying about with them, or storing in their houses, large bundles of notes, and would soon lead to the more general use of cheques. There is a Rood deal of truth in this contention, but* an increase in the branches of the Bank of France seems ii precedent to any general adoption of , payment by cheque. LONDQN WOOL SALKS. Messrs. Dalgety and Company, Limited, Wellington, have revived the following cablegram from their London house, dated January 8, as follows:—Wool: LIM, of arrivals has closed, and all your wools have arrived in time. The new arrivals amount, to 353.0C0 bales; 181,000 have been forwarded direct to inimnf.v.'turers at Horn; and abroad; 10,000 bales are from old stock?, leaving available for sale 182.000 bak-s. TJtADE IN ALLKX STREET. Onions-Quotations have advanced considerably i" Victoria, the f.o.b. price now lieintr £12 per ton. This high price cannot be maintained, and ao enrly decline is anticipated. Potatoes.—Owing to the blight making its appearance, "the market is being nished with supplies, and sales have been rnado at as low as £3 per ton. ]!icc flour is in fair demand, at £o 10s. Bran is in good supnly, and realises £5 IDs. to £5 15s. per ton. Pollard is rather scarce, and is sailing at £6 ss. to £6 10s. per ton, ex store. Flour.—The best brands are selling at £9 ss. per ton ex store, with the usual advances for smaller-size packages. P.olYid oats meet with fair demand, at 9s. 6d. to 10s. per dozen 411). bags. Oats.—Buyers are operating rather cautiously in anticipation of lower rates when tiie new crop comes on the market. Chaff.-Xcw season's is now oliering at £4 10s. to £5 per ton. - Fowls' \\'heat.-\ allies have advanced Id., the current (/notation being 4s. 4d. to 4s. 6d. a bushel. Cape barley "meets with a restricted inquiry at Js. .6d. per bushel. Billed straw is in short supply, and is ■■elliuK at 7Cs. to ?ss. Xciv season's .-honld be available in Hie course of a, few days. Clover Hay.-New season's is offering at Fowl-' barl?v .has fair inquiry at 3s. 2d. to 3s. 4d. Al'ize i= selling at 4s. to 4j. 1(1., nnd MiVre is n fair demand. Ham* and Uncoil.—Hams are quoted at 9>,d,; roll?, 93d.; sides. 9d. "Fr'c'h cbets have declined, nnd are now ■muted at lid. to li. per dozen. Duller is in strong demand, prime bulk, in 661b. boxes, is quotr.-d at IOJu. per lb. Veijclublee.—The wet wcatber experienced litciy ha* beca tic cause of. the market

bcinc flooded with rao;t lines of vegetables. Cabbnqes and μ-reon nous have liwn ttllinc :it extremely lrw rules, t!>«. only line realisms; payable pricaa being From-li beans, and consignments of these hit recommended Fniit.-Tlic Taliine from Fiji landed ft shipment of bananas on Friday ]<v»t. Supplier of Motuek* fruit, are coming forward almost daily, and the same, rail b= said of the Jlawke's Hay district. Teaches and plums are in ploutifiil supply, and are selling at jirkws whirli should tempt. lion.-.«-wivcs'wlm prefer to ran he their own jam?. Very few black currants have I'omo from llot'ueka this tcafon, Hie bull; of the supplies lcnehini? this market have come from Canterbury." Kaspberries are in keen demand, and consignments m buckets are recommended. . , , , Poultry .-Hens. 3?.; roosters, .;?. 6d. ■to Js. 6d., nceordiiis to size; and duel;?, 4s. to ss. per pair; peese nrc practically unsaleable. Customs duty collected at. the port of Vt'ellinston yesterday amounted to io-3o Us. 3d. CANTKRBUItY GIUIX MATJKET. (By TelesraDh.—Prese AssoclattoD.l Christchurclt, January 9. An iiumiry is now setting: ill for new wheat, in view of the fact that the harvest will be late, the warm weat)u;r, for ripening tile crops, not having yst sitii. New oats ore not yet on the market, though some ruhbed-out samples Unvc bean shown, and growers are asking if at country stations and early soles are lively to command a higher rat 3 than the bulk offerings, as the market is quite bare of Xo iiew barley has yet been offered; growers axe experiencing a difficulty in letting the stocks sufficiently dry for thTeshing, and grain that has been.cut any length of time is sure to show signs of t.ho weather. The crop is reported to be a good one in the principal barley districts. ADVANCE "IS BUTTEK. By Telegrs.pb-I'rcss -CoorrieW Sydnoy, January 9. The price of butter has been rais.id by 4s. per ewt., following reports of n, harucning liondon market. J'KICE OF I'LOUH. (Ecc. January P, 10.25 p.m.) Sydney, January 9. The price of flour has been raised. City brands: Old season's, £9; new, £8' 15s. Country brands: Old, £3 17s. 6d.; new, £t 12s. 6d. WHEAT AND FLOUR. London, January 8. The wheat and (lour afloat for the United Kingdom is 2.575.0C0 quarters; for the Continent, 1.155,000 quarters; Atlantic shipments, 222,000; I'aeiflt; shipments, 05,000. The total shipments to Kuropc during the week amounted k> 750.000 quarters, including 100,000 from Eussio, 183,000 from the Danubian provinces. 38,000 from India, and 55,000 from Australasia. There were no shipments from Argentina. MINING NEWS. WELLINGTON' SHAKE MAKKET. The market promises to be very dull, and no change can ba expected until developments in the mines are more favourable. The sales recorded yesterday were as under:— Talisman, 495. 9d. (second call). ■\Vaiotahi, ss. ljd. (third call). Waitangi, 2s. lCd. 'second call). i The buyiiis and wiling quotations were as under:--Buyora Sellers.

TALISMAN CONSOLIDATED. The Weiiinston Stock Exchange received the following telegram yesterday from the Talisman Company:— Return for broken period snded December 21, 3150 ton?, for £18.030 4s. lid.; smaller tonnage owina to Christmas holiday.-, Dc-1 comber; costs 37?.. development 9s. 2ri., | mining 11s. 9d., milling Us. 5d.. general expensjs 2s. Bd., paid tributers for ore crushed £94. WAITAXGI CONSOLIDATED. The mine manager reports progress for the week onded December 22, at the Beach Level, as follows:—The contractors have extended the drive a further distance | of 40ft.. making a total of 3010 ft. We are j now driving through a pood class of country. No. 3 level: Tho sinkine of No. 2 winze is still in progress witb . two shifts, and a further distance of 9ft. lias been reached, makiug a total distance of 39ft. The country we arc finking iu is of a good description. STOCK EXCHANGE. (By Tcleerapa—Press Association.) Auckland, January 9. Sales at this morning's call on 'Change included :— Occidental. Is. id. Saxon, Is. 4d. Wilson's Cement (oril.l, £1 19=. 6d. Waiotahi. ss. 2d. to ss. Grand Junction. £1 9s. 3d. New Waitaia, 8?. X.K. Crown. 2s. lCd. Dominion. 2s. May Queen. Is. 9<l. Auckland Trams (ord.!, £1 4s. Northern Coal, 10s. 6d. Auckland, January 9. Business done at t1:.3 3.15 p.m. cail today:— Occidental Consolidated, Is. 4d. faxon, Is. 2d. Waiotahi, ss. 2d. Golden Cross, 6*d. Talisman Consolidated, 48a. 6d. Waihi, 545. Mountain King, 3d. New Waitaia, 9d. Auckland Gas, 675. 6d. Duncdln, January 9. Stock Exchange sales:— Lady ■ Roxburgh (cou.), le. Waihi, £2 145.Sales reported:— Dominion Rubber (con.), 10s. premium. National Insurance. £1 IBs. id. Wcstport Coal, £1 7s. 3d. Waihi, £2 Ms. «.. £2 14s. 3d. Golden Bed, 10s. 9d. LONDON MINING QUOTATIONS. Dj Tolecrasb-Press A«n-ii't«ii Cnpvrleh! London, January 8. The latest riuotations are:—Waihi Gold Mining, 525. 6d. (buyers), and 555. (sellers); Grand Junctions, 28s. 9d. and 30s.

£ 6. d. £f.t\. Bank i\en- Zealand - U15 0 Equitable Building: 9 17 6 - JC.Z. and Eivsr Plate •... 2 0 0 2 10 Well. Investment 0 11 J — Well. Trust and Loan ... 7 12 6 Standard Insurance - 1 12 0 Jteat Export (£4) --. 5 0 6 Meat Export (52s. 6d.) ... — 3 0 0 Taupiri Coal 10 3 — Taringamutn Totnra — • 2 B 0 C. M. Banks, Ltd - 1 I) U Crown Brewery — 2 0 0 Golden Bay Cemeiit 12 6 13 0 Manning and Co - 1 15 0 SUarland's Preference .... — 14 6 Ward and Co — o 12 6

£ 3. A. £ 8.d. Bonanza, - 0 0 21 Dominion 0 0 15 n 0 3 Kurnnui . - 0 0 4 Kuranui Caledonian 0 18 0 1 10 ■&-te -:::::::::::::::::: - III Occidental 0 13 0 15 Saxon - " 1 5 Talisman .-. 2 9 6 2 10 0 Waihi - 2 16 0 Wiiihi Grand Junction ... 1 9 0 19 6 Walotahi 0 5 0 — V.'aitnngi — 0 2U •