COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1345, 24 January 1912, Page 8

COMMERCIAL ITEMS.

I.WKSTMKNT SHAJiKS. There were no transactions in iiivnslmenl share- vesterday. The buying and selling quotations were as under:Buyer?. Sellers. £ s. (I. £ s. el. W-ll Investment 011 3 Well. Deposit and Mlg. • 0 7 (I Ohristchurch Gas 910 0 914 (; fiMiornc Oα.- ■- 3 0 0 Well, Gas (£lo' 10 0 0 - Well ftns Ipref. i<. 6rt.» 080 Meat llsport (525. 6d.) ... - 3 0 0 Well. Woollen lord.) - J 10 0 Tannin Coal lid - Westpoit foal 17 0 17 3 Leylaiid-C-'Hricii 18 9 Parker, Lamb Timber ... - 19 0 C. .V. Pantos I.MI ■ ■ 1 » 0 Crown ]!rew?ry 2 2 6 Golden Bay Cemeiit 13 0 - •STAXDAHD OH. COMI'AXV. The recent changes in the organisation of the Standard Oil Company and its subsidiary compani?? have been succeeded by some 'important personal changes in the resignations of Mr. John 1). Rockefeller, Mr." Win. Rockefeller. Mr. William G. lioekefeller, Mr. H. M. Flagler, and other of the older members of the hoard. The president of the Standard Oil Company of Xciv Jersey in now Mr. John 1). Archbold; and the president of the Standard Oil Company of New York is Mr. 11. Folger. The chang?s in the arrangements of the subsidiary companies in consequence of the adverse Supreme Court decision involve a eonsidcrabl? amount of dispersion of the management, which will not be centralised in New York to any swell degree as lias been th? case in the past, and each company will thereby be more free to adapt its arrangements to its own special busings. This, of course, doe= nol imply an alteration in the underlying policy, which being based upon one "common interest will doubtless continue to tie carried into offset, not through the medium of a holding company, but by the various companies working together in harmony. The character of the oil trade has undersoil? a great change during'the past ten or fifteen years, owing to the enormous development in the use. of petrol for motor-cars, motor launches, and in other forms of inurnal combustion engines, and whereas kerosene was for a long time the most important product, at present the demand.for petrol is a dominating factor in the trada. The problem is now, therefore, to find a sufficient outlet for kerosene, to enable enough petrol to be prodnced to ni.'et, consumers' requirements, of the latter article, and frem this point of view the increase in the use of kerosens for cookins and warming purposes, in addition to limiting, his been of great importance during t!ic_ last fewyears. Another matter in which a great change has takon place has been the d'jvckmment of new sources of oil sunnly in various parts of the world, independently of the American organisation. American oil no longer constituting such" a large proportion of total supplies as formerly.

TRADE IN ALLEN STREET. Cheese has fair inquiry: medium-size at 6£d- to 6<d., with loaf at 7Ad. Sutler.--Prime milled is in short supply, and is quoted at JOJd. to. lid. Fresh eggs have had a further decline of Id. per dozen, and arc now quoted at lOd. to lid., with a- wor demand. Hams and Bacon.—Hams y 9£d., roils 93d., side 9d. per lb. Maize has advanced 2d. per bushel, MlO current quotation being 4?. 2d. to 4s. 3d. Clover hay has fair inquiry, at <€5 to £5 10s. for hand-pressed. Baled Straw.—New season's should be l available next week; for old the market it? miing at 655. to 70s. per ton. Fowls' barley meets with very little demand at 3s. 3d. p?r bushel. Cape barley is selling at 3s. 6d. per bushel. Fowh' wheat is without change, and is quoted at 4s. 4d. to 4s. 6d. Chaff.—Xew season's prime oaten sheaf chaff is quoted at £4 15s. to £5, sacks in, with old rulinp at £5 10s. to £5 15s. Oats ara offeriug for delivery next month, but buyers are not operating: freely. Old oats are ruling at 3s. 4d, to os. 6d. per bushel. Oatmeal has declined £1 per ton, the current quotation being £14 10s. Rolbd oats continue steady at 9s. 6d. to 10s. 6d. per dozen 41b, bag?. Flour.—Host brands are selling at £9 ss. 2x store, less the usual discounts. Bran is in nlentifnl supply, nnd is quoted at £5 10s. to £5 15s. Pollard is in exceedingly short supply/ the market price just now being £6 10:?. tt> £6 15s. liiec pollard meets with a moderate demand at £5 10s. per ton. Potatoes—Good samples ore selling at 3s, 9d. to 4s. 6d. per owt., with lower prices ruling for bliglitsd samples. Onions.—Some excellent samples are coming forward from the Auckland 'district, and the market is ruling at 12s, to 15s. per cwt. • Poultry.—Hens, 2s. 6d. to 3s. per nair; roosters, 3s. to 4s. 6d.; ducks, 4s. fid. to ss. 6d.; a,ees° arc unsaleable. Turkeys are in excellent demand, and consignments are recommended. Vegetables—French bsans are coming in more freely: green peas meet with a good demand, and the same exists for parsnips and carrots. Tho market fluctuates daily for eabbngef. Fruit.—Th** usual monthly shipment is due from Fiji next week. The market is well supplied with peaches, but apricots and nectarines, however, ar2 in rather ?hort supply. Califnmian oranges are in light supply, but Messina lemons are in heavier supply. A good demand exists for raspberries in buckets, for jaiu-making. Tomatoes are coming forward more freely, mostly from the Xelson district, and the same may be said with respect to cucumbers. Customs duty collected at the port of Wellington yesterday amounted to £2202 13s. 3d. ' LONDON MEAT MARKETS. Messrs. Dalgsty and Company, Limited, Wellington, have received the following cablegram from their Loudon office, in regard to frozen meat:—"Xew Zealand arrivals of fro:'.3U meat arc very small. There is a limited inquiry. is quoted at 5Jd, to 6d. Mutton, 3;(d. to 4jd. Beef: Stocks are practically exhausted." LONDON" MARKETS. The Xew Zealand Loan and Mercantile Agency Company. Ltd., has r?ceivcd the following cablegram from its London house:—Frozen meat:—There is a moderate demand for mutton. SOUTHERN GRAIN MARKETS. (By Telegraph—Press. Association.) Chrlstchurch, January 23. ' The local wheat market is firm, but quiet. One or two fairly large lines of old wheat changed hands last week at 3s. 6d. at country stations, but offerings are likely to be scares until the prospects of safely securing the new crops" are more assured. There is no new wheat yet on the raarkat. The market for the new crop of oats is not yet fairly opened, and the only lots purchased have been to fill immediate raquirementa. There is a larger proportion of Algerians grown this year than in any previous season, but as they are the first into the market they have commanded a good price. They.opensd at 2s. at country stations, but sales have been made during the last few days at lower Tates; Prime samples may be quoted at Is. lid. and 25., and lighter at is. 9d. to is. lOd. Several sales of dun oats have also been made at Is. 9d. to Is. 10d., 3ml at n lower figure for samples of poorer quality. Xo business is yet reported 111 barley. Growers are asking more than buyers have yet decided to offer for the few samples that have been shown on tin market, WHEAT. lij Teletrraph—Press Association—CoDyright (Rec. January 23,'11.35 p.m.) London, January 23. Wheat.—Two c-arpoes of Australian wheat have been sold at 375. .3d. and 375. 4*d. respectively. NATIONAL MORTGAGE COMPANY. (Il'jc. January 23, 11.35 p.m.) London, January 23. The report of the National Mortgage Company of New Zealand shows a profit of £50,937. The total dividend for the .year i- 121 per cent. A sum of .CIS.DCO has been added to ths reserve, and £19,977 carried , forward. I THE METAL MARKETS. (Rcc. January 23, 11.35 p.m.) ! London, January 23. Copper.—For forward delivery, £63 lis. 3d. n?r ton. Tin. —On spot. £188 10s. per ton: three months. £166 15s. per ton. Load, £15 15s. -per ton.