COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1368, 20 February 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES. There were no transaction; in investment national Bank — 5 H 6 Bank of New Zealand ..'.' 10 12 6 Christchurc-h Gas 9 5 0 — Gisbotra Gas .. 2 17 0 ? in c Well. Ga« (thlrd n j.,,uer::: «5 o , 1 Well. Gas (prof. 7s. 6<1.) ... — 09 0 Oear Meat (.£4) .. - < 13 z 6 Well. Woollen (ord.) - 3 17 6 Well. Woollen (prof.) - 3 00 Jlikuranßi Coal _ f g 0 Wcstnort Coal - 176 Tarhicamutu Totara. 2 4 0 — Crown Brewery — 2 10 Dona&hy Rone and Twine — 1 ?. fi Golden Bay Cement 14 3 14 9 N.Z. Con. Dental - 120 Ward and Co — 5 4 £ THANSYAAL GOLD YIELD. The gold output of the Transvaal in £34 991,620. The outputs and values of the yellow mstal produced in the past live years compare as tindei:Year. Oz. ■ £ 19" 6,452,912 27,410.210 1308 7,059,411 29.986,469 1909 7,299.413 31095 939 J-jlO 7,532,322. 31.995.2f6 1511 8,237,723 34.991,620 In the past five years the Transvaal liar, ssav voiW with b ? w to the Tai,,e NEW ZEALAND AND FEDEKAIj COJtTANI'. The above company was registered at Sorasrset Ilouse oil January 2, with a capital of £52,C00 1:1 £1 shares (2COO management)., linsiness: Hhipoivnars, charterers of ships and other vessels, transmitter? of goods, merchandise, produce and passengers, forwarding; agents, importers of in-iut and provisions, etc.. to acquire and hold shares 111 the New Zealand Shipping: Company, Ltd. This is a private company, tirst directors (to number not more than throiO are : -\\. Liiim;, G. T. ilayeraft, and A. Hughe*. A director is not required to nolil any qualification shares.

.WEST AUSTRALIAN LOAN. The West Australian loan for £1.000 000 tearing interest at 33 per cent., issued in Louden last week at the minimum price of 99, was a failure The underwriters were saddled with 74 per cent, of the issue, and the issue has since been .quoted at ii discount of 12s. 6d. Obviously London is not enamoured with Australian loans, for if attractiveness were the sole consideration the issue of last week with Its increased rate of interest and concessions' would have proved tempting. The loans raised by West Australia in London in recent years have been as under:— 1893—3 per cent for £i.000,000 at 963 percent 19CO-3S per cent for £880,000 at 100 percent 1001-o per cent for £1,500.000 at 91 per ceut 190Z-3J per cent for £1.500,000 at 102* percent 190d—3J per cent for £1,400,000 at 964 per cent 1937-35 per cent for £1.000,000 at 97 percent 1908-3* per cent for £1,000.000 at 97 percent 1909—34 per cent for J81.445.C00 at 965 per cont 1910—31 per cent for £1.342,000 at 96* percent 19U-3J per cent for X1.650.K0 at %J per cent (to redeem a loan falline due) 1912-33 per cent for £1,000,000 at 99 per cent The rat.3 has advanced from 3 per cent to 33 per cent., and it seems, probable that the rulniK rate will be 4 pel- cent., which will upset the calculations of State Treasurers.

specified, arc average market priros on snot:Jliitton.—The market is quid, but steady -a, small supply of New Zealand. Canterbury cannot be quoted; -Norlli Island, 4d. licr lb. Lamb.—The market is uuict. and likely to go lower. Other than Canterbury, Slii. per lb.

Jieer.-The market i≤ firm owing to reduced supplies. New Zealand is not quoted. lliitlcr.—The inark.it remains firm. A good demand continues. New Zealand butter is giving satisfaction to buyers, and prospects are favourable. The Continent requirements ar: larger than expected. The average price for tho week for uhoicest New Zealand butter, per cut., 1325., Australian 1295., Danish 1355., Siberian 1295., Argentine 128s.

Ohecsr.—Tile market i? quiet on account or high prices. Holders are firm. New Zealand cheese is giving satisfaction to buyers. White 725., coloured 71s. 6d. per

llemp—The market is steady but without animation. New Zealand good fair, grade spot, pei' ton, £21 55.; i'aur grade, £20 55.; fair current Manila, £21 10s. Forward shipment-New Zealand, good fair, per ton, £21 10s.; fc« Zealand fair grade, per ton. £20 10s.; fair current Manila, per ton, £21 10s. The output from Manila for the week was 20.000 bales.

Cocksfoot Seed.—Tho market i= quiet, but holders aro lirnj—buyers are not keen to do business. Bright clean X.Z. cocksfoot seed, weighing 171b. per bushel, 755. per cwt. Nominal.

Kauri Gum.—The market is quiet, but steady. 174 cases olTnr'cd, 80 sold. Stock on hand, 376 tons. Dark brown, selected, rescraped, £6 to £7 10s. per cwt.; threequarter scraped, 85s. to 955.; chips, drossy, 305. to 355., rescraped pale amber. £10 to £12; throo-niierter pale scraped, £7 to £8; differs' chips, good, 45?. llops.—The market remains firm. English £13, Californian £12. Wool.—The market is quiet; prices slightly weaker. Current quotations for Bradford Tops: 36's, low crossbreds. Is. 03d.; 40's, low crossbreds. Is. Id.; 44's. medium croEslryjds, Is. lid.: 50's, halfbreds, Is. 5d.; 56'e, quarterbreds, Is. 74d.; 60's, merinos, 2s. WHEAT AND FLOUR. By Teleeraph—Press Association-Copyright London, February 18. The wheat and flour afloat for the TJnited Kingdom totals 3.180,000 quarters; for the Continent. 1,145.000 quarters. Atlantic shipments, 183,000; Pacific shipments, 25,000. The total shipments to Europe during t1:,2 week amounted to 1,050,000 quarters, including 88.000 from Argentina, 185.0C0 from Russia, u>l.ooo. fi-bm Danubian provinces, 114.000 from India, and 220,000 from Australasia. LONDON MARKETS. London, February 18. Cement, ss. 7d. and ss. 3d.

Copra.—Duil. South Sea, in bags, £24 per ton. Jute.—February-March shipment, £23 p"r ton. Hemp.—Unchanged. Cotton.—Cotton is quoted at 5.625 d. nerlb. Rubber.—Rubber is quoted at 4s. 63d. METALS AND METAL GOODS. London, February 18. Copper.—Forward delivery. £63 12s. 3d. Tin.—Forward delivery. £191 10s. Lead, £15 17s. id. per ton. Silver is quoted at 27d. per ounce standard. Galvanised iron, £14 ss. and £13 ss. per ton. Tinplates, i.e. charcoal, £14. Iron bars, £6 17s. 6d. ■ Atiglesteel, £6. \Vire netting, £55, and 2* per cent, off price list.