COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1475, 25 June 1912, Page 10

COMMERCIAL ITEMS.

STOCK EXCHANGE.' 'flic members of the Wellington Stock Exchange kept holiday yesterday, . cou-e----(lUcnU'y there are no share quotations to publish to-day. FROZEN MEAT IN" EUROPE. It is hoped that, the arrangements lately made by the French authorities in connection 'with transit trade in frozen meat will tend to further promote business with Switzerland and Italy, ellurts towards which have been made by various lirms in tiie trade during tile last two years. Since April 9 orders have been issued bv ths French Government, to the Cn~toins officials that henceforth frozen merit, is to be allowed to pass through France en t.ransit" without reouiriiiE panitavy inspection as heretofore. This opens up Marseille" as a port for discharge of meat from the Australian and Argentine ■steamers for consignment through to Swiss and Italian destinati'onff'. Careafses mill" into bonded cool «torc in Marseilles may now be entered whole, provided that Internal organs adhere, the cutting into quarters being only ell'ected as caroasses come out of bond, and are duly declared for payment of duty and consumption. Active preparations are being made hv the French houses for Hie business. On May 15. the Entrepot" fleneraux Friirorifiqucs fie la Banlieue de I'nri.- and rh Province opened extensive cool •vlere.- in Marseilles, while plane are lirdcr consideration for store.; at Dunkirk and Algiers. LIVERPOOL ANT) LONDON AND W.ORK. The report, of the Liverpool and London and Globe Insurance Company. Limited, for the year ended December U. 1911, shows net premiums in tlw Are department, of {MB.. 672; in tie aacldent department £2?12W.

Tiie claims in tWo ii.r.p, amou-rit-od to -£1,566.041. a.'n.d- in liic. department .£139,760:, Fro.i'n ; the fire a(;Co'.tt'n't; there was carried to the ftro'lii. ai'ul' account £273.147.. . The .sijrplto of ' £36^'3't' hns been lefl in. the. 'acpi';le:nt deparj'inipht tn the reserved :ind' -in "hclditi'dh . £25,000 lias been? transferred tti this department from the •profi.'i, and loss: aec'.p.un.t : to {strengthen {lie rcWi've:-. In flic life" department 1247 .po'lined were .for £542,958. The total nr.crhium iirco.me amounted tir .£259 ! .951, : n.ftc"r <lcdVictii.vg tli.c amount paid for rci'.'isMnfii.ries. c!Aims. paid and lion'in'rp.s, amounted to £272.750.- The 1 , life funds now amount to £4,020., i 5( ;.ni'.d' the. annujliy funds to £1.077,36"5 i.• 1 ii. nairi'tibn to. iht.eriiii. dividend paid in Kaveinhpi' javt. .the ,diree> torn recommend a -fVir-t'lilm; of. 12, per share, less income .tax-, a I?s:orliihir £150.-. C 22. There was :c-;ii;r.!cd' .a"i)alniK. ; e': of £907,534. Outride o'f -i>he capital' of.' £1,C51,440 and s.t'pp.ii of '^268',• 6C9,' the fuuds amount 'ifr .£'9,'450;657v LOCAL Boijits; no^-s. Many of our locJtl. bod Sos •iiavc 'authority: to borrow money f«'ir- injunciiyal'."oj!" liar'Uo'tii?. works, and the .'nositiio.n .o.f thcc-c bbrtie.s is somewhat interc.i'iti'ii:;: 'iii view- :gf the changed tone of't.H.e ; nvoney lnai-kef.- Jl'iMicrto local bodie?"' ioa?)s' lih.v'e becii placed at par or therpabout?, w'itlr iiitercvU- at 4 per cent., but. .uiideir present, conditions' either the interest; • mu:-t ))e T.aise.'d to' 5 per cent, or theVi.&ii.c: price of. tiie'i 'loan must be reducedt6 • SO; if it is interided to flc-nt 4 per cent.-. ••del).'ent'urc3. l I.t: is that at the present' tiiiie .there', are : t"wo or three local b'o'dies.jn sltoli a Jix,. a'hcl 'it, is further £tatcd\t ; ohe' body'' iefuse.d. 9(5 for its 4 per : "ceiiit.- '• 'dcn)iciU.iu:.'es.' a ,':f(i\y: months afro, thinking;.to.'do!'bolter,.and ,no ( \v ; cannot Ret a li-etjlpr .oiTer" 'than .8,9. T.his difficulty of bbrro'.wi'nc: ; must; .lianp ' up. many municipal, ; . : ;ifiehein.es" i.inpi:oYeiri'ciit. . TJIE Ey'TJER.. MARKET; The London qu.otati'oii for ciibiceat. ,js T .ew Zealand biUter iV. ,112s/...'t0. 1145., etiual to ICai. to 104s. lietv iiere.; ..iii -.spite, o.f this, the factories. alleged,, are.-ask-ins the wholesale:, merchants. -ahd : .. others 12, id. to 12id. per/ lb.,.;tha*t : 114?,; .to llfis. Bd. per cwt., an'd : ' :nAtVul]U'tahd,i.n{?. that the qua-ntit>\ i !of>buft.or l ;in ! , s c.ol.d : a few days ago ~waVs':lixrser th!aii : iii. iivfiy previous year :.siVicb\. rccojtlls "Averij- '.Kept. And this is 3lot , ■• , ■allvV.:^•A^ ,, . , c6ns l i , dqra^)lov l ou4•^lr■ , tity of butter i•,..'1 i'cl'rt*^'iii- »P.Vivate*. 1 yt.o\vjiedcold stores, so that.'-v.takcni al'togc-thorv "-.the. supplies available'iare'.i.'mor'cVVh'i^ to meet local requirement.; ;1X 'iS 'diflic.ult. to understand N"e'\v\Zcjiland --ihould payjyi'o;.:. ,tliaa 'the': London consumers" for.'-just 'tho. phfi.e, butter.; There is little proving during weokh. and iir August tiie faclprips .'will- be practically ready to begin sea?-on'. • ters stand now,j>lXcre.v-' . n.. consi.'cler--able quantity vof^B.t.ored, biitter. , ..v.t;Q l :..b.'3' shipped in Ancriist♦. : .;.n7i.d^\it- be ''a': ia'cW. tor in determining,ii'priccs, ",for the. .c.omihg , reason. One v;o'uld:- thi'n.k; . XhaC ;it;- iwoul?r be to the advantage-. .of;, -thc> have i-heir stores^'cdcars:.'of: ! the new season :.' : .begins'Tr-if' ; : i:hik;./i#' then prices foiv theV'lQca 1 '* racle• must''be.' greatly reducecbr'Jv.-../> i- . v

WAIIII CaiAXD .TUXCTIOX. , Actually the iiet'v^cai'ii'ilias;.,gf;lie-" AV.riiii.' Grand Junctionßlold Company; for 1911* fall but little short 1: of ;tliose; : 'qf •1910,:.altii6uKli... the net profits api)ea!': as X26,C'OG an(r-;£31 ; .-:: CC3 respectively;ffortlasV yc;Vr l oiit : {>f' £25;-; 6CO expended np'jnV-ininc Ueyelopmenti;; £21,2C0 was cluu'Kei! i J against,;revenue. whereas in t9lo' : Sprai'fieaUy . .liri.l f :.of ■' ■tUci £31,000 thus clisbnived .»:h, dr.biied to .capital acconnt. iL niay . bt . notejj.. that'..' the item "Mines ? devclo!micntV. ; -fiEurc.3.,''.iri? the balance-slieet;?'at\ii.6 'less In view of tliisi-'-.it., to urge that atSlea.si>.ea<di/;y.rir^ ture should be met.:cut/"or revein;e>.- Of the balance of £53.CC0. ayaiial.'le, the dividend of 5 per cent.—the'same ;ii.!v paid. : lf6ril9lt)7-., will absorb .£I9,CM!.- Funds ai'c.kepl.. in hand, the directors" explain,of the outlay rpquiredir to""eomplete.'-.ithe.: works m r:A ; di^ shown in the orsi.lrcscr.vesvv tii.e.;, quantity; available at {•he /cnd'cC./last year :.bciiiK : placed at 198,tCOAttons > 133,000 tons at - aiifl .-'aU: the indications point to a fnrthe- .consider" able expansion v .iir;;:thc;''oro v :'tki3 year." Such expansion; will be. V.j'lcil for t-o meet the tnl:irKemei;.-t; : (>f -.t.heV";.plant, whioh is to havcfai.maximiinr caßa'city-'of.: SCO toils per day::. In refrard to development, the .atten-. tion to the Rood:. , .vrvl.u.os:':on ,; 'the:. Eiripire.lode.: below the No. ::5 ;.le,vcl th , ud. , '" , th , c;. , :lcuffth , en-. in; of the ore chiUc:lo' tiic east,." :As .tlis" high values sliowu !;y tl!L':'.:last few , ! rcr turns arc tlio nuartz from the:dsvclopnierit.:^'ork : in:pr.ocreu on No. 6 rlcvelj fharenolders nn:,-!. not expect the recenKaveraß.e! tp; Ibei 'niauitaitiod; but as tni\ .additions 'toVtlie. cl:int. are now approach 91 ipii a* larger, tonnage should::bc : dpalt with. :

HA.VD 'TIiiJATJIKN'T, ■• At the Wailu" Hrnnd lunciion Mine the. treatment of tl:o i ,.-:faiid ,; l)y,;nie^ ing it by pc'rcoratioii, lias:.'given ;..siichsatisfactory results;..*that."^,'t.w6^:.ni9re-* :,, draulic sizing cunes'-are'';boinfr :ins"a!le!t, isa that the wholo?bf- : can bo separated--'and..'."similarly.'j'treated; The percolation treatment' is -stated .to cost 4d. per' tr;n :: Icss : .-thn.ir:'.a?itatiop..-/.-itHr vacuum filtering, and: there H an additional train inosniuoii-as the, y.n'cuu'mV;fdters are relieved 'of and are thus free lodcnt:' with.' -an :^in: creased tonnaKeVof'-'pliiuc'.- 'Tlip.■'fineness : 'of; tile sand avcrasqd ; "s\' ■

Hetaincd 011 ICfl mesh ..1 6.3 pcr.csnt. . Eotaiiied on 150: -rncs}f £R.;4 pcr eent. Retained 011 . ;27;5 per cent:, ; Passed -tlirou gh^pp,;'meglii S -35.8- ;i:enti.-..'.' and the battcry : r3;i:)erintend(:ht:::.staU ; s"that' percolation tlirouKh.v.it'.. ha;::,:l:ccii.::r(!r:ia.r]vably fast and even, tiie washing beini; alines t perfect.

Customs dntics : .'collected', at the'. 'TroTt: of Wellington }:cstcrdifx , -^ouiit6'd'.'tor.'«£3<K9 : 9s. lOd.

niGH Tho Departmetit' of Aj'rifi'ui.t.iir.'c;.. Commerce, and ToHrisl^.rfcasi\ , * l ppciye'di. i: €lfc.-£fol- ; lowing cablcgramSfroitr'the; High, Coinnir--kioncr for N cv.'i: Zeal ai: dd a! c:l 'iLbiidbn; Juno 22, 1912. unless; otherwise speciii.e.diV ..-arc average ,marke.t" prices oil spotl.iWfy:.-; " \ General— is stilt: juiE.ettlcd',' but business is;, nprniail. ' N.'qw-. ■; -.Zealandi steamers are discharging slowly;., ; Eargo' shipments arriving'.';'. Mutton.— I Tho market is weak. Canterbury, 4Jd. per ■'1b..-:;. iJTortlv .I.slaud',. .33d.. -'p'qr; Ib.

Lamb—The marUc'tfis uuiet. : fili.ipmeiits. of lamb now arc 1 ' .'yqr.y .heavy:..High prices are:; restricting; biisihqss;, .pan'-'-:, terbur.v, 6!d. per lb.;- other thaii ("anterbury, 6(1. per lb.' ' liccf.—Tiie market;.is- .diill.. Supplie's'..''.pf: American ciiillcd ..beef, are large.... N'ov.\ Zealand liinds. :,4Jd". •per 1b..; Is'evv :.Zealand" fores, 3|d. Tiie average price for-'Kiver;; Plate chiilcd (hinds), <'!d; per ib ; iforesj; 33d. per lb. ; " Duttci'.—The riiaYk.p.t. is;. weSkcr,. :and. tciii : dency downwards. - ■arej , ;.i"iicr'cas-''" ing. The weaither; .'cpntimies. favburable,.:; ta increase the'^'prbiliictibn;.Hoihe.'-'aiid;.Obii'-:: tincnt. Choice.st':,-KZ'. biitter. per cwt... is 1135.; Auslraliaji', !07-S.: Danish, 119,;.; SI;; berian, 105s. ■■■■ ,- Cheese.—The inarkc-.t. ls. a, ..sli'ad'e...weaker-■' The Homo make;.j.exbcctcd- 'will; 'hc;!-'.-larKe.J New Zealand coloPred.; 7.-«,- P.crvt.; white'.' 715.; C;anadiaii' :C'plo.ui:;l, 675;; \vhite, ,'66s;';.: English elicddari:, 90.ii.„ ". . ..' ' ' Hemp.—The market, is ouio!, hut thoderate business doing?-. Spot;:- Xo-.v Zealan.d: 1:00 d" fair grade, per toil. :£22 , ;.;N.c,iv Zealand f;;ir grade, £22 ICs. '(?,!», -fnij-'cii'rtriif. forward Oihininent;:-,New, ZeaTo.hd :gbod' :faif;, per ton, £22; New- y.ra'aiid- rrrade,' £20 155.; Manila, £22-,.55. "• Thc.'6iMp : u.f; frorn Manila for tile'.-.w.eb):. was. .19,0C0 bales.. Wool.—The market is stromr. . Linseed.—The/market -is; ivea'l-;: nn'd inactive. Bombay; por.'q.uarter. :o.f : 4161b',,. Ms. Ed.; Plate, 64s;:;'"'Calcutta, per quarter "of 4101b., 68s. ' ..'■■■ Hops—The market' Is. slightly-;' weaker, with lesa dcmand.cbri: ac.c.bu'n.t" -of-' .the' .'n'np-.. weather for the Home crop. WIIKAT A.M) FT.Ot'I!. By Telegraph—Press Ae^ocia t l 'oii—Qo[iy London, June 23. The wheat aiid...flour aOoat.-; for tlio United Kinsdo.in: "totiils, 3.305,tC0. ..qiiarte'r.s-; for the Continent. ;2;905,000 .quariers'. "Atlantic shipments totalled 4.7o;OCO'.quiiirters;. there were no Pacific; shipments-.' Tiie.' slii'p! ments to Kurojiq iliiriiiK tlvo week:'amounted to 1.720.CC0 -qnar'tefse, uieliidiiig '441;ilO{i from t-lie Argeii'tiiip,, 295 $o:..Kps.siaii; Gs'cfO Danubiau, 319,000 from lii'dia-, ia'ii'd.- 35 CO3from Au.,traia: ; ia: '

LON.l)dtf JUNKETS.London, J-aiie 23. Copra—Fair* bu.i?i'«t'Ss' S&'uOt iKoa, -iii 'ivae* £24 ss. ,M Cotton.—Junc.T.j.u.b: slifjjriicrit'i 6.45(1, per .Into.—Aupiist; shipment. £20'' ick Ifcmp.—Markot (jiiiet.: ; £22' Uubber.—4.-5. Si',ci. per./ljj, Pig-iron.--565. 3d., . T.hmarket U pxVi'f. od, owing to a sl';ii;eßy, T.iib.i'c is AetmLv in tJic iron Oakttniso'dnrm is mt £17 !5.5... TcNcinyr '.w'j-o (j/i iron burs. I6i\«.