COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1485, 6 July 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES There were no transactions in investment' shares yesterday. The buying and selling quotationu were as under:— Buyers. Sellers. £a.A. , £s. d. National Hank - — 6 3 6 National 1 Mortgogo — 4 16 N.'A. Loan and Mcroantilo ■ — . 0 10 3 Foilding Gas - - '110 Ilokitika lias — . 515 0 National Insurance — . 1 19 3 Standard Insurance 1 10 9 1 11 3 Christchurch Meat ........ 15 0 I) -■ Meat Export (525. 6d.) 3 0 0 3 2 6 Mosgiel Woollen — 3 7 6 Well. Woollen lord.) 3 T 6 We.stport Coal 17 9 Jf.Z. Powell 'Wood 110 Taringaniulu Tolara 2 70 2 8 0 Donoghv Hope and Twine 14 9 — Golden Bay Cement - 12 0 Mauricevillc Lime — 015 0 N.Z. Con. Dental 10 6 N.Z. .Paper Mills - 12 0 Sharland's ordinary — 1 3 U W.F.C.A 7 4 0 7 5 0 WELLINGTON MARKETS. Messrs. Lacry and Co.. Ltd.. produce merchants Allen Street, report wholesale price 3 ruling on the Wellington market:—Fowl wheat, best, 4s. sd. to 4s. 6d. per bushel; fowl barley, best, 3s. 6d. to 35.. 9d.; Capo barley, Becd, 3s. 9d.; oats, short feed 2s. lOd. to 35., seed Algerians 3s. 4d. to 3s. 7d.. Duna 2s. lid. to 3s. Id.; maize, ss. 6d. to ss. 9d.; Prussian blue peas, 6s. 9d. to 75.; partridge peas, 3s. 9d. to 45.; horse beans, 4s. 2d. to 4s. 4(1.; sucroscne, £7 10s. per ton; oatmeal. £14; (lour, Atlas brand. £9 16s. 6d.; pollard, £7 ss. to £7 10s.; barley meal. £7 fe.; pea meal, £7 10s.; bran, £5 15s. 6d. to £6; chaff, prime oaten sheaf £5 155., medium quality £4 ss. to £4 155.; straw, £3 10s.; straw, baled, £3 to £3 10s.; factory bacon, shoulders Bd. per lb., sides 9Jd., hams 9Jd., rolls lOld.; factory cheeu«, medium sized 7d., loaf 7id.; honey, bulk, in 56!b. tins, 4id.; margarine, in 28lh. tins, Bid.; linseed, wliolo IBs. cwt„ grouu/l 225., oako 145., nuts 13s. 6d.; basic slag. £4 ss. ton; superphosphates. £4 155.; rolled oats, 4's 9s. 6d. per dozen, bulk 16s. Dor hundred; potatoes, prime table £5, £5105., to £6 per ton, inferior ss. to 7s. per sack; onions, prime £9 to £10 per ton, medium 4s. to 6s. per bag. _ Messrs. Leery and Co., Ltd., also advise having realised at their sales yosterdny for choice dessert pears, ex Nelson cool stores, from 10s. to lis. per half-case. The variety in question was the popular Winter Cole. At the aforementioned prices the result to the grower works out at 6d. to 6Jd. per lb. gross.

Customs ■ duties collected at the port of Wellington yesterday amounted to £16M 16s. 9d. ABGENTINE' SHIPMENTS. ' The Department of Agriculture, Commcrco and Tourists lias received the following cablegram from Buenos Ayres, dated July 4, 1912:—The following shipments of produce were dispatched from the Argentine to Hie United Klnsdom ports during June. 1912 (compared with June, 1911):Prozen beef, quarters ... 184,000 119,000 Ohilloel beef, quarters ... 204,000 199.C00 Froien mutton, carcasses 258.C00 223.0C0 Frozen, lamb, carcasses 10O.CO0 92.000 Butter, cwt — — LONDON JIAJtKETS. Messrs. Dalgoty and Company, Ltd., Wellington, are advised by cable, under date July 4, from their London house, as follows:—Frozen Meat: Market very quiet. Lamb, lighb-wcightp unchanged; medium and heavy-weights, Jd. per lb, lower. Mutton and beef unchanged. It is impossible to form any accurate opinion, because of outbreak of foot and mouth disease. So tar as can be seen at present, beef is not likely to advanco materially, but decline may bo arrested In mutton and lamb. Tallow: Since our cablouram last week: Market Is unchanged; demand it limited. BANK OF ENGLAND liETUKN. By Telegraph— Press Association—Copyright (Bee. July 5, 9.25 p.m.) London, July 6. The Bank of England return issued for tho week ended Wednesday, July 3, is as under:— Issnn DupMvrjrp.XT Hotolisuo... £57,373,000 Gov.debiy ... £11,015,000 Other sccurl ties ... - 7.M4.000 doU 88.021,000 £57,873,000 £-'57,373,000 Binkiso DF.r-AnTstFA-r. Proprietors' Govt, securicipltal £11.563.000 tlos £13,081,000 Public do- Other securiposits ... 21.376,000 ties 44.815,000 Otbor doposits ...18.350.000 Kotos ... 27.100.00J rtc6t, 7-day end otbor bills... ... 8,3G0.003 Coin 1,170,000 £57,G78.003 . £37,078,000 The leading items of tho Bonk of England return afford tho following comparison:— Thiaweo't Last weak. LnstTonr £ £ £. Bullion 39.M1.00T 30.651.0Tn 3f.7i0.0fK) Resfivve iR.STP.OH) 30.325.iW 58.712,000 Koto circulation 'JP.H3.IfIO 1M0D.00.1 2U.KE11.003 Public Deposits J1.376.000 -23.719.0 Crt 10.761.0 Xl Other Deposits ROIS.UOO 55.5M.0J0 Proportion of «e«orv» M UaAWIIM* U,M ti.ii ifi.SO

GOVERNMENT SI'COBITIES. The following arc the latest quotation) for GoTernrocut securities, with a comparison ot ihoso rulins; last wcek:-

BANK KATES OF DISCOUNT. The Bank of England rate was. on Dicomber 1, 1910, lowered from 5 to 4J per cent.: on January 27 it was lowered to 4 per cent., ou February 16 to 3J per cent., and on March 9 to 3 per cent. On September 21 it was advanced to 4 per cent., on February 8 it was reduced to 3J per cent., nnd on Hay 9 to 3 per cent. The Bank of France rate was reduced from 3J to 3 per 02nt. on January 23. 1908. and continued at the latter figure until September 21. 1911, when it was .raised to 31 per cent. On May 17, 1912, it was reduced to '3 per cent. The Imperial Bank of Gurmany reduced Its rate from 5 to 45 per cent, on February 6, and on February 19 the rate was further reduced to 4 per cent. On September 19, the rate was raiecd to 5 per cent., and on June 11, 1912, it was reduced to 41 per cent. MAP.KET RATES OF DISCOUNT. The following arc the market rates for best three months' bills:— Loudon Paris Berlin rato. rato. rate. percent, percent percent. This week 2i 23 31 bast week 213-16 2j 41 Lust year 21-16 21 2a Short loans are quoted at 21 per cent., ns compared with 21 per rent, last week, and I 3-8 per. cent, last year. COLONIAL AND OTIIER PRODUCE. Wheat ie dull and inactive, with no demand for cargoes. The markets are steadied by the smalluess of reserves in Britain and the Continent; 41s. 9d. is asked lor near South Australian, 40s. for MayJune shipment, 4te. for New South Wales March shipment, 375. to 375. 6d. for New Zealand July-August shipment, 38s. 9d. to 395. 3d. for three Australian parcels afloat; 41s. to 41s. 6d. has been paid for Australian, on tfpot. New Zealand, on spot, is exhausted. ' Flour is flat. Australian is nominally 275. 9d. to 23s.,'ex store, and 265. 3d. to 275. 3d. for June-July shipment. Oats are easier. "A" grade Gartons, July shipment, 23«.; he, Plata,. Jume-July shipment, 16s. Peas are quiet. New Zealand maple partridge, June-July shipment, 365. 6d. Beans, June shipment, 355. 6d. Supplies of the old crop are exhausted. Butter is flat. Colonial is quite neglected, and prices are nominally unchanged. Siberian is plentiful at ICCs. to 102s. Cheese is dull. New Zealand, white, 695.; coloured, 70s. per cwt. Sugar— German beet. 88 per cent, net litre, 2d. higher, at lis. Id. per cwt.: firstmark granulated, f.o.b. Hamburg, id. lower, at 14s. 9d. Bradford Tops.—The market is firm, but business is limited owing to the higher prices ruling. Sixty-fours. 261 d.: super sixtics, 253 d.; common sixties, 25Jd.; : fiftysixes, "ljd.; fifties, 181 d.: forty-sixes, 143 d. THE METAL MARKETS. Copper, on spot, £77 12s. 6d. per ton; three months', 25?. 9d. lower, at £77 16s. 9d.: •electrolytic, £80 ss. Tin, on spot, 60s. lower, at £205 per ton; three months'. 10s.. higher, at £201. Lead, soft foreign, JOs. higher, at £18 10s. per ton. Pig-iron, 4d. lower, at 565. Bd. per ton. Spelter, ss. higher, at £26 2?. 6d. per ton.

LONDON WOOL SALES. By Telegraph—Press Association—Copyright London, July 4. At the wool sales there was animated competition, prices beinc fully up to opening rale?. Americans operated freely for medium erotsbrods. (lice. July 5. 11.30 p.m.) London, July. 5. The following prices were, relived at, tho wool.sales for the fleece portions of ..the clips named:—Acland, top price 12d.; average, lOfd.: Gear, 13d. and lOJtl.; Avondalc, ltd. and lCd. WHEAT. London. July 4. The American risible supply ot wheat is 14,083,020 bushels. ; : SILVER. ' London, July 4. Bar silver is quoted at 28 3-16 d. per ounce standard, MINING NEWS. WELLINGTON SHARE'MARKET. The transactions recorded at the morning call yesterday were two sales ot Ross Reconstructcd at ss. lOd. each, and a sale of Waihi Reefs at 113 d. In the afternoon a sale ot Wailangi at, sd. waa reported. The buying and selling cmotations were as under:— ' ' < Buyers. Kellers. £ s. d. £ i. d. Con. Goldflelds ..: 0 13 0 0 14 0 Kuramii Caledonian 0 12 0 14 Now Big Kivcr — 4 10 0 Ross lieconstructcd 0 5 9 0 6 0 Talisman 2 0 6 2 13 Waihi ;..:. 116 0 117.0 Waihi Reefs .'.. 0 0 10J — Waihi Orand Junction ... 1 2 0 12 6 Waitangi 0 0 4 0 0 5 MtfBKAY OKEEK GOLD MINING CO. The first annual report of the above company for tho year ended May 31, 1912, has been circulated, and we extract the following :— Tho directors are glad to say that, beyond a temporary eursperusion of operations for a few weeks prior to the Christmas holidays, the company ha,s not participated in the labour disputes that have prevailed for some months between tho mine-owners and miners at Eoefton,' and which recently culminated in a strike. Our mino mana?cr considers these disputes have been "more bciic/lcial to the company than otherwise, as it has ■ resulted m the company getting good competition for its contracts, and splendid progress has been made with tho erection of plant, buildings, and mining work since operations wore resumed. Of the 500 feet of shaft-sinking the company have undertaken to do, 217 tect have been completed. A contract has been let to citend No. 5 level, and it is expected to cut the first block of stone in this level within four months from the time the contractors commence work.

■ The machinery and electric lighting plant have stood satisfactory tests, and with the exception of two rock drills and a. cha.nging-hou.se for the men. the cost of all plant has been accounted for in the balance-sheet. STOCK EXCHANGE. (By Telegraph—Press Association.) Auckland, July 5. Business done at this morning's call:— May Queou, 13. 2d. Saxon, Is., lid. Grand Junction. £1 2s. 6d. Business done nt the 3.15 p.m. call:— Watotalii, 2s. 6d. Boss G-oldftelds, ss. Brt., ss. 9d. Waihi Grand Junction. £1 2s. 3d. New Waitaia, Is. Id. Talisman Consolidated, £2 os. 9d. Northern Coal, lis. lOd. Wostport Goal. £1 Bs. Leyland-O'Brieu Timber. £1 7s. Chrlstchurch, July 5. Solo9.—New Zealand Farmers' Co-op. (£5), £5 10s. Crown Brcwory, £1 13s. 9d. Waihi, £1 17s. 3d- ', , , . r □ unodln, July 5. Tho following sales were made on the Stock Exchange to-day:— > Waihi Grand Junction. £1 2s. 4d. (two pa.rcels). Sale reported:—Mastcrton, Ss. DREDGING. Dunodln, July 5. Dredging returns: Wnikaia. 400z.; Jlanuhcrikia, 360z.; Mastcrton, 320z. lldwt.: FJloctrio I, 30oz. lldwt.: Karaumu, 240z. ldwt.; Electric 11, 10oz.; Koputai, 6oz. Bdwt. MOUNT MOEOAN RETURN. By Telegraph—Press Association—Copyrigbt Brisbane, July 5. The Mount Morgan returns for Juno showthat the copper reduction works treated 25,147 tons of ore, which produced 746 tons of pure copper and 8467 ounces of gold. Tho gold works produced 3012 ounces of gold. The total value of the output was £93,063. LONDON MINING QUOTATIONS. London, .Inly 4. The liitrst. ouotiition-: are: Wnihi Gold Mininc. .El Is?.'ibi:vcri.!. -fit tfs. 3d. i?eller f i : Grand Junction, J.l Is. Ed. and £1 2;. 6d.

I Variation — I compared Tries. will] . I Je»t ucok. I JE 8. d. I 24% Imiicrial Consols 7i! 2 6 i 7s Gd lower i ,.N.S.\V.10.13Jiiu.-,l"ly : 1011 0 0 Unchanged 3i ,.X.S.\V.1(118.\!av.-Scp.| mil) 0| Unchanged 3 ,X.S.\V.I033Apl.-Ocl.i 85 1(1 0 Unchanged i ,.Vic. INS) Jun. July , 110 10 o| Unchnngod 3-1 „ Vic. WilJi Jan.July ! '.'.MO 0! Unchanged 3 ,. Vic. l!M)-«Man. July ' Hill 0 1 lincliitngni :ii ,.S,A. 1010,lull.July | 9.-i 10 II i Uucnauscd a ,S.A. IiHiiJuu.July I V.l 10 0 1 Unchanged i „yrdllH5-2l,laii.July: 100 10 0 Unjliaimcd aJ',.U'rdllUl-30Jail.Julyl M 7 (i ! Unchanged 3 ..liTitlO-iMIJan.July! W 10 Oj Unchanged i „K.Z. JfU9May-Xov. ; lit! 0 0' Unchanged 3J ,.X.Z.]:i!U Jan.July | 01 10 0; Unchanged 3 „X.Z. l'J4.-.Aj'ril-Oct. I H 10 I) Unchanged 34 „ W.A.lKO-iOMay-Xovi W 10 0 Unchanged 3 „ W.A.lOlj-MAIny-Xov! 86 0 O Unchanged 31 „ Tas. I'.MOJan. July I M 10 0 Unchanged 3 „ Xas. I»2tl-i0 Jan.Julyl HOP Unchanged