COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1370, 22 February 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES. The sales of investment share? recorded yesterday wore: National Bank. at £5 155., Wellington 'Trust and Loan at £7 12--. The buying and selling quotations were as under:— ' livyen. Rollers. £ b. A. £ s. d. y.itional Dank 514 0 — Bank of New Zealand ... 10 17 6 — N.Z. and River Plate (ex rights) — 1 19 6 S.B. Insurance 312 6 _ Union Steuin 1 19 0 — Kaiapoi Woollen 510 0 - Well. Woollen (ordinary) - 3i7 6 Westport Coal _ |] f Tanngamulu Totara 2 A 6 — C. M. Banks. Ltd - 1 0 0 Crown Jlrowery - 2 \ n L>.l.C. Preference — 12 6 fiolden Bay Cement — 149 N.Z. Con. Dental _ 120 Sharlniid's preference — 145 Ward and Co 5 5 0 5 4 6 THE WOOL MARKET. Messrs. _ Uelniuth, Sclnvurtze and Co., London, 111 their annual review for 1911 dealing with future prospects, state ae follows :— From Australasin. we expect a small increase (perhaps £0,053 bales), from tho Cape soinewh.it larger shipments, and from the Kiver Plate some 30,000 to <o,PtO.bales more n , tota J •■"ldilionnl supply equivalent to about 150.CC0 colonial bnlcs, of which twot iirds arc crossbred and one-third merino. Whether this rather substantial addition ran po into consumption without appreciable influence on prices it is difficult to predict. Should we see the tariff flnallv settled and Amerieaii.s a-ain in tho market for wool and Roods, a tremendous impetus would of course b= Riven to trade, lint leaving America ouite out of consideration(■crtoinly the safer '.-our.se—the outlook is 1 by no moans unsatisfactory. Specula-1 tion has been ouite conspicuously alvent Mocks are norma!, and prices on'a moderate level. _ Money is reasonably cheap. Jtseninory is well employed. Trade more csDceially at. home, is qi'ite itood at the moment, and should ■ rapidly improve furtlnr once the uiirhtninre "of inneneline I war M finally banished from Jjitt the labour unrest is still w-ith rs and everywhere tin- nurcliasing power is smaller. On the whole, we may not 1111rensonnWy anticipate the maintenance of prices for merino wool, though, of course moments of 'Weaknfss may occur, ns when' the heavy colonial imports have to be paid for. Cro--:shreds have certainly reached a rossonahle level, and even if the rumours of fashion turning more their wav prove unfounded, the nreseut demand should he fully cqiial to the supply. Any change in crossbred* should, iji our opinion, be up. wards rather than downwards.

WOOL IJIPOTiTERR. The list of Australasian wool importers into London for the year 1911 comes to hand by M 11.3 mail, the following Ijein" those of 30.CC0 bales or ovev:—

Kales Dalfrety and Co., Ltd sa 499 Ba.nk of New Zealand 55350 Union Bank of Australia 54 677 Sanderson, Murray <ind Co 52 9'4 New Zealand Loan and M.A. Co., Ltd. 45 991 New Zealand, and.-Australian Land Co., Ltd 34 491 Elder, Smith and Co " " Mm Australian, Morctuit-flc, Land and; Finance Co 33 440 Bank of A"cw South Wales '..".".'. 3L117

Custom!! duties collected at the port of Wellington yesterday amounted to £1810 DTJNEDIX WOOL SALE. IBy Telegraph—Press Association.! Duncdin, February 21. Business at the third wool sale of the Duticdln eeries this morning was disappointi'nsr on the whole. Koine 13.CC0 bairn were oll'ered, including; a. fair proportion of good duality wool. The hulk, however was somewhat inferior. There was an absence of American representatives; ranseuuentlv prices for lots suitable for that country showed a decline from a fa.rlhi'ng to three farthings a pound. Crossbrods were tho weaker to the extent of a. halfpenny Medium lots were practically at the same level as laet month's tales. All the New Zealand factories were not represented lliose who wero were cautious in biddiii" for merino, which suffered a decline to the exlont of a, halfpenny. The top price obtained up till one o'clock was twelvenence It is Bener.-i.lly thought that universal strikes are allccting the demand.

CHIUSTOmjItCH MKAT COMPAXV. (By Tck'sraph—Press Association.) Chrlstcliurcli, Feliruarv 21 The annual meeting of the Christchurch Meat Company was held to-dav The chairman oi dircetoiw, in tho course of Ins amival statement, said the gross ea.ru111RH from the whole of the company's operations, after deducting the necesnary expenditure on renewals and replacements to works and plant, show the ta-tisfaelorv total of .C 80.052 7s. 9(1. Whilst this wis ■! considerable reduction on tin- previous year, it mui=t lie borne in mind that Die course of the market for manv of lh" various products had not by any means been,so f.-ivoiirali e during the past season, am in addition thc.iiu.airtity ~f stock dealt «Uli showed a <r<iusider:ib e decreafc owing to the unfavourable fatlaning whii-li prevailed throiii;hoiU the Suiith Island. The balance available Tor appropriatliin, including the amount broiiglit forward from the. previous vi-iir, omonnH to .W8.105 14s. V\.. which was -~,„ " ~„,!,. should he di-no.-ed of ;, w follows: -to "rile oil works- and plant, .Et&'l); t o place tn a special reserve iu connection with rebuild111K at Oauiarii, £10,000; (11 nav a ilividi-nd or 1 per rant, for Ihe ended Or tob.-i- 31. 1911 (making 0 per cn,, t r . „ year),. £6766; lo pay a bmi n of 2 per cent, on t.lie pnlrl-np .-apital, .C 338- li'iv. ing an amount to ciirrv forward (>f'n?'<iv, Ms. 7d.-totiil. £48.105 14-. 7d. Should \\usuKBestiHiin be given ellcct 10, Ihe vnrimn n.jM-vcs will stand 1,1 the same llgii,-,. -,s before, Kive I hat a special sum of £io.(!fO will h« n.vnil:ihlfi lo uieel tho piirli.m «,f ~v . penditure which will In- iuciii-n-il dnriiiLthe next year or Iwo iu conu-.-.-lion Willi the rebuililiiiß at Oinnaru.

HANK KIIAIM.S. Brl'ulcuraDh-l'rvi.rtp.-.'Hniwti r,i.,vrt'/M London, Ki-hi-narv 2n The latest luiyiiiK mill n-Him- (;iinU(i<iim Hunk- 11..V..1-. 5,1!,,5. V. :- (1 Is ll Australasia 115 0 (I 117 n r> Xew Kuiilh Wnliv ... -il II 11 ,i'i I, 11 V ictoriu .; 7 r, .j yl G !iSj'":::::::::::::::: 11 5 VVI Now Zealand 10 10 0 U 10 0

TIIK JIBTAIj JIAIiKhJT.S. (Hoc. February 21, 11.25 p.m.) London, February 21. Copper.-On spot, £63 per ton; ' three months, £63 13s. 9d. Klcctrolylic, £66 f.s. Lend, £15 173. 9d.