COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1468, 17 June 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT.- , SH.M.ES, ■'■ There were no transactions, in. investment shares on Saturday. 'Tlib. .buying, and; quotations were as undc.r , .:^- . ScUere; ■ ■£, s. d.- "£ ij d.. National Bank „.-;., '6.-. 0' -6 ~ . — Dank New Zealand ...:-.....■ ■ 11 -IS- 6 N.Z. and Hiver Plate'' .■...■ ■*- £ 0' 9. : Well. Investment .-.,.,. 0.-ii: -6. Christchurcli Gas i»"..i J fl. , .0 Palmerston N. Gas ..:,■.. '-r ' -g:iO- -ft. Well. Gas (£10)- 18 ;, 5. "P:- ' •=; . National Insurance :.;.■ ■■ 119: : B Meat Export {525. 6d.).:../ .2-17 .e , ' N.Z. Shipping ■:.<,;.. ■' V* ■ ■' U 15 0" Mpsgiol Woollen .-.i.'.k A - .3 .9'. .0' Well. Woollen (ord.) ;■;;.;. 3' 6: 0" 'o.ia .0 , Hikurangi Coal U;'.; .018 0 ,, - Taupirr Goal :;.-.; ..X "%■■ 'i". ■ ■"■ Kauri Timber (335.) ...":■.;;■.: ' ,; i 17-" :'6. Leyland-O'Brien ,:.... ■.— ."■ 1 'S tf. Taringainutu Totara.v.v. V.. 2' 7 6 Donaghy Eope and Twine.:-1^4 ;,,, 9. , . -1- $ 3Golden Bay Cement %T?.?- *■■—.'■' ■ 1 --Sf 9' N.Z. Drug .SU-':-A, ■ '2413, Sharland's ordinary -.j.-.yi- _ ■■—~" 1 .3. o , : GILT-EDGED ,. "■ Various reasons hav.e' l ' ,, ':jjceiiv.giyeii.. from , ' time to time for the fal!Vin : ..Yalues ; iot;'g.i!l-:: edged securities, and still.-Uib.-ulecliiie'' , ran-' dimes'. Taking the quotations , ■;foi; , ':linJK'r'i'il Consols and the States of the. Cominoinve'ajthJandfNejv , 'Aon,-. land, and, with* it lip qriicitations of a. year ago, ■.following.: .' ■''. : Jiiiie,; ■June,. . Per ■ ' =1912. '■ "l9lh ■ cent. ■'-.' ■ ■'■ ''£':■-, .:£■'■ 2i Imp. Consols <:■.,.-....;..-. ,778.■ • 191 ■■ 4 N.S. Wales ■' TC.4 31 N.S. Wales "M 9j- ■- 3 N.S. Wales M' S7J 4 Victorian t.:..-..;..;..-..ioqji ■ ..icii 31 Victorian W '"97i,,. 3 Victorian 8J :, Hi . , 3J S. Australian ;..,;.■..,:„ -J. 6: ' h 57V 3 S: Australiau 1:.:.'.. i. .li i ..fl9J' ■■'-eij 4 Queensland ...■.i:.r.vr;.:: ,,: i005 .Jo 2' . ■ 3J Queensland ...^.^v^. : «i;: ".■Jβ.3 Queensland ...■..;■.■.;...;■;'■ 83 1 ' 8.6 4 New Zealand vn , JOZ- . "& . 3J New Zealand 'iLti&f »S. ' : 9ii ■■ ' 3 New Zealand ':;umK:'.- : -Va\~ m ' 31 W. Australia ■ %\ Vi .- 3 W. Australia ■«;:'.'-.'.-i:-..0 - .?Bfi'- 86V ' ■ 35 Tasmaman ■ : W ■ ' 3 Tasmaaiian ...;.>,.:■,...,■;. ; 8.4 ' 84>i. . There is a general deqljnc(::ahd-,jri'.fcoijic-cases the fall is very'.VpronouncedV ■ -Ifb.vß Zealands 3 Per Cents afr:B6.V ;, Bhpw ; .cn"o: vania^ tion, while the West ■-Aiigtralisn. .and T,as.manian threes are UOsJ'.lughcft. , THE BUTTEfe;jfAi(lvK'4 . Writinpt with iii-..tlicit-"Dairy Produce Circul;'.r;"'- , .c!eVfoß liomlonv Jlay 3, Jlc&-rs. W. Weddelr/and'Bo: , The harsh, cold, -c.li.ma--tie conditions that h'ai'.jeiisted/ foi: sojiie. weeks have given placcVto ■ warmV moist, and most agrtK!iibl.e".atnio.sphpi;e:|6r , tho past two days. Thej.onlyvcle.'nieiitvinis.s.ing for perfect spring.weatii.er'.is'warin a:id gentle raine. The year was the driest A"pril',.sim ; fr'tlfe. .year , 1730—nearly two hundred: a'lio',.

The demand for Aiistralian ;.aiid-. New" , Zealand butter is cliecke , S : bi-: , 'tha.':!ri.cfefis-. , Ins production of EuropeaiVi; "British , ; aridIrish butters. This Ift'/iaiv/'ahnuai; pbciirrenco in April and jJlay;, pwi% '.■.fo. -Hits-, advance of spring in : :the , ,-;xSr i tae.ra , .--Henji- B sphere. This year, IiOA : cveri". ; thq ,, . , .iucrea'EC. in the production is , muc;hV , bel6>v ; ,.tho.';:hp , r ; > mal, and, at the eamoitimoV: .the , : aj' , rjj:al , . , ..6f. , Australasian butter i£'\Breat!^- ,,: 'belq , w:.the average. During 'week , iipf;:.:asingle box of Atistralian..; ; :or:>.Kew.. , ' , Zcii i la : iiri : .: butter- has been lan , (!e , ds. , .'in ,, . , t|ic i ..^llnit'e'd ,. Kingdom, and the totab'iinpbrtsVof . Ku'tter. ! of all kinds for Inst ,week.i , \v>re : .!. , lo3;4e2cwt , .i.J being 35,982cwt. less tiian i ithie , i. , i.sirTespbhd- , - ing week last year. "'::'., '■". '

For the past four .peek's , i.tlie , - tb.tal Imports have been 101,551e\vi..';(eguaK to'. .507.?: tons) less than for.the'.'sahie.v.per'iqd ;last. yoar. Nevertheless, the. ,, nia.rket , . .has , been , comparatively dull and.':;lifcles's',."and ,, . , !prieSs heavily declining. P'r.icesi'for'.jAji'sJraliah' and New Zealaaid are/. l abb , .iit!?%e ; last week. Unealted Is'.t-scarTpe" : :ioaa- is''sclK. ,ing at a premium ofv.? i fe , to : -",4s:'.'.,pe"i.. ciy't:; which owing 'to prohably further increase.'' , '' ;■".'. ".-'' '■■'"'.

Shipments this weeky'r'epdrted: by "cable, consist of 5320cwt. fromVAustra'l|a. ,, 'aJjd' , 6ol) , from. New Zealand. .■ :, 'P.rice.s ,: ' '%' bjifc'r 'inBrisbane and 'pbr 'c.w't, and in Jlelbourne 1355.i.': :v :'. ." .■■

The price of Daniih^iwhich , ' 'ha?: ;ppen, for some weeks ; per above Australian—wliiclf-. |is.. fKS neynnd , its relative initrinsta ra..lu)3—:li'as.,, iiiU ,, ., week, been reduced by 5 kroner.;;-' but/i- : lik6 "all , butter made from earlyVlspfing; grass, H shows an inferiority ii^j.fpmpa : re , (i. ; ..\y|t.li , . the fodder butter and will •■continue;-■.ta-.ijo , .. j o until the cows have 'th'oro'.ug]il,v , "'r , ccpyofod ; from the change from; f<id(!e'i« W ; .grass: '

TnE PRICE ; STLY,f;K; .. ■ Silver at. the prcsentii , time.- ; is.,.mo.rf! mated than it, has been , ' : f pc ■ fb'm'e. ■ yca'vs past, and prices—ycstsrclay .23:■..5>16.r1V per omieo standard—are tlie.Jiiglips.t :siriee. : 'l.9o7.' In the early part of: ; i\nril; .a ■s'queeVe'.fpr' delivery was in projrreaj.vf.'tv. , ■liojcribaVi : lowing on the found6ririg.i.ojf >s ithS/O.ceanai with its large Eilvcri/earEcy' .but , , ifieitiier occurrence had muclV::';appreciable.. iffeft. on London prices. Mpnlasu. in discussing .Uhc' :sitiia,tipnV write that hoavy sales madc.vtn.- Chiiijilaiid Siili-. etantial piirehapes .fiiVil' elfoivhere Bradually inipart.ccKtf Hints livic.ly sensation of clastiyty/UySMiSj Ifcjjn felt throughout the long ■pe.i':!od' : ..!h:vt stocks have oppressed 1 ' aiici the market. In prices bc^ , c.-i.mo increasingly «Jn.siHVi-. q;i. receipt hi cables showing each: ..week: ■ n flppyoKsij. in the total of silver'Viippo;s) fir ijirj ThilijiiV currency reserve. AV^hon, , . : t fhV speculative croup (who ,, , b'y inc.- ivav,■ are' reputed to hnvc held/.theii.'whole isiivpius';-. nliout. 9COO Inrs-rcmainiii'p. oVer in' JJhriibay at the conclusion-, A'jiril s'ottl.e. : iiiont, at which the siijieejp'.in dtlivei'y -n't--curredl replaced c.fose of il> o month on successive /day:, 1 ' nnt pijly" t!:C: silver let out, to the .-c'eiiijcrc,!! , ■rtenie.fsi -hW , nlso that previously.. :sord : .|o ■.Giii.'n.a! ' t.'lie market was impelled tshar.ply .}p. MglieV. price?, considerably ■abo.ye.''those ..pf.' , tlfe last three or four y'pajs; Vh.e.ther -t'lio' rcdiiction of the quantity',.of, fiilyeiv ri'ipces' in the Indian Treasiiry. ■ :iie: "the- factor which governed the fri'-it.ioii■ ,qfj tlic Imlinn speculators in again;.'iiep'lejiiHi'jiig; .their , ' holding or not. the i'ssiiei ippner; , or ,, later , of largo loans to the : -. : Chiii , eE , e,.: , .G.byc , r , )iin , c , n't renders tile accumulation ''i>( additipiial stocks lews likely to ■in'tprfern-' wini!' fiin natural devclopmciits , oPXtits- ..riiri-Wfct. arid consequently does not ..hazard, .the. .fiitiire to the extent that iiiil , ,. when they rested upon ■■■In.di.ari , -■'ciihilip' prospects alone for tliptr , .Siiccessi'ai.Hlivfi'.cn Midi a consummation /..'moreover:: was jo cscccdiiifrly remote. The. .lowest... prices were recorded on the ; ■ .firV.t: 'day of:.the; montli. the higlii'-t on ithe.ias.i;. for April are Vβ 3-16 d. ca--h, 28 3-3(1. tjy.o months-; ■' lowon price. 263 d. cash, 26 . Wfyfii tSvri nioiilnii average price. 27.28.3d. .i;a>h. ZjiMfti, hvo nrnnthE. Forward filv.p.r. CAniirj.nndc.d a- prc> mium throushont the , .inrtij'tir of -J>lm-.'ob ■ijvnn rfnyt, "if >tl. u« eleyeif .tfawj: eai af; 3-16 d. oa six days. ■ - '- ■'

CvjS'l'Q'JM, Customs. i:<?vcnsic. c(ilW(:!cil. .Hi -flu. port, ■or We.flinir.t»n PiV Snljifltlvy iiniounteil t.r WM'iZS: 9ci.. tjl« tntJvl- for the W.e.t.k. .liflllg .C:iß"i29 3s Ttti. Till) retunm .fi.i.r p.iii?h nf Vii* iVK-Sl. eijjFvi wcirks. -('iinifla-rcd wjrlt tlvci ■Jliftiri* lor Jlic eiu'-reptijnidifil!- peruiifs oi last -yti*. sh<Hv u» JiJidor:1912. 191.1. Jβ E April 27 i.ySO 1.-2.1J1 May i 10.093 59,765 jIVV 11 IBM β-jcer MaV 18 .:■..- 18.298 14.9.M M-ivy 25 , - *w>? mn. ;|.,i-4 i. .„.,< tn,2M 15,01.1 ~i:.i,,,,. 8 1....' M-.564 W64 .ftiiw 15 ,; , 1.3,42? i5;570- ■ 1K,549 109,074 *fhp w'i-r limy ■oo11(j ( -t(-tl iliiriHß iKc pn*t ive'ek ni>i«unfi'd to £ : 2'20 Es... jis jcotiijiaTo.il■wi'ilr :£252 Bs. 9d. for 'rtie corß'SlJoiitling week of iißt'j-cir, eisAtx a,xm pltQ'nuCi-:, (By tnlc^ra-D'h— Vict*. A-sipo.iai.lon.J Oa'ma'r.U, .T.ntic- 15/ ■.>•<!. jil-altsitetinns. of ivuS .liiagifitiide 1-aijeil -nlaoe. lit wliea.t-. but (i, pooii .niaiiy-' siiiall MA have . liceii solU i|.iO ; rrtß the woe'li, lWit on :; losver yeket Kfis boon; iii.ost-i.n favour, -rtiul- for this variety 3«- ,Bd. iiet iit cmiiitr.y statio.ns lias lipfciv the-ffguVei Km , tuseaii a.nd r.ed elialp, ■tip sii.me' prVe lias, '.tycen iiafd net at couiitiy stations. ; ' T:lipfc is, .a \ve;a;komng.;i.ii t,he :oiit market,. pAVihg , t.p. , "ii Mplbijtivno buyers piTcrjng -urs-nufe'has-Ss in liortjiern csri.trea at: a-: .pcfiiiyi ■less tli'an- soutjiilfn auotatioiisi To-day ■3s> i.(f. for A QajtoiiS, ■aiid , 25,. .for B ■{rriidb arc tJie HgjircG ai. Which businesj lias been .done, and .ii small line. .pf. Qa,ni';hchanged 1 hands , at le. ll'd,,- all net 'at ■coiinii.jr .stations... ■Potitoc.s gii off vei-y .slpwly,. and sales hiive been- iiiad.e , dt £J 15.8. tv-£i &■ top pii truefe

.LQif-P'ON , ijlAiiKjyrsi. By Telegr-sp.h—Prcs.B AsspclatJoh-ObpynEht (lice.. June. US, S.s' p.ynO London, Juije. IS. ■ Wheat.—An tastrjilia.n , qargb' has ■liesii sold 4 fts. Id.' . Cop.rii.—TlJ.c jn'rtr'K.etis active.- 'South Sea,, .in bags-, if (jiibfed at 24J. .-.' '. Gpftoii.-r-Jiino'July ghipmen.ts are , -quoted. at:fc«M- .ner.l.J). Honip, .and iT.iite.r—Priecs aro urichaiig.ed-. ■Jiublier.HHest , Para, 45.. lOidi -per- lb, i!a.l)bi.f3.;-Xoi!iii!g is- do'ing-; ■ Meatsv-sjiclia.bre ■.sj.uo.tafiio'ns a.ta- impossible- iii ! e6n.sc:(juepce. of the: strike.

•Tlib Nok Zealand ;L6an' •.'d.ft'd- Mercantile:' Agency' Company, Limited, lici.ve received t.h,ei,fQ.llQ , iying c : ii])lopram; frtim'iheir ; London hp.iVFe, 'Under daitc .ijujic :l'4'i^Frqzcn' irieat.':' Strike cohtitiuce; •'qu'otMiorifi nominal/. SHEEPSKIN. ARRET. • Thp Bank' pf N'a.w Zealand', has received* the/''fo.Hbwihg' fri'blp a.d.viqc fro.m ifcfi' Upn* doii .c'flicq,.'da.f€'(l June. 'l^;~ M .Thc jraarket is' •at'rpn'jr for' 1 rill .kinds of sheepskins. Prices', are "higher by '5' t.b 7J: pei* cent;"