COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1487, 9 July 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES. Sales of investment shares recorded yesterday were:—Wellington Investment at 11s. 6d., and Feilding Gas at ZCs. 6d. The buying aad selling quotations were as under :— Buyer?. Sellers. £ s. rt. £ s. d. National Bank — 6 3 6 X.Z. and River Pla,te ... 2 0 0 — > Well. Investment 11l ( — Well. Trust and Loan ... 7 8 6 - Feilding Gas - 110 Hoklllka Gas - 5 15 0 Well. Gas (pref.) - 110 Ohristchurch Meat 15 5 0 — Meat Export (525. 6d,) 3 0 6 - Kaianoi Woollen — 5 8 0 Well. Woollen (ord.) 3 7 6 - Well. Woollen (pref.) - 2 19 0 Westport Goal 17 6 - Taringamntu Totara. 2 V 0 ' 2 8 0 Doniuhy Hope and Twine 14 9 — Golden Bay Cement 10 0 12 0 Mauriceville Uine — 0 15 0 N.Z. Con. Dontal 10 6 116 N.Z. Paper Mills - 12 0 : . MONEY AND TRADE.

In commercial circles there is naturally considerable discussion on the political situation, and on the whole the opinion is favourable to the change. It is felt that a new Government will instil a. certain amount of confidence in the business community, and this must react favourably on trade and industry. A vast amount of development, work remains to be done in Hew Zealand, not alone with respect to land, but also with regard to industries, and the confidence of capital is needed if there is to •be industrial progress. There is plenty of idle credit, and if confidence is felt this will be utilised in ways that must prove beneficial to the community ag a whole. Of course, no business man expects to Beo the change manifost itself immediately. It is sufficient that thero are general expressions of approval of ft change of Government, and a feeling of confidenco in those who are likely to become Ministers. There are no variations in the monetary rates, and trade (aa is usual at this timo of year) is quiet. EXPORTS OP PBODUOE. The oxporte for nine months of the produce year are now available, the monthly returns in• comparison being as under:— 1911-12. 1910-11. £ £ October 614.C07 720,383 November 1,146,503 1,041,183 December 1,232,122 2.161,769 January 2,490.165 3.026.016 February 2,934,753 2,34G,7M March 2/65,077 2.452.318 April 1,999.808 1<59.331 May 2,373,802 1,824,216 June 1.30W37 1,038,173 16,659,474 16,110,133 There is an Increase in the nine months of £549,341, which is very r-at.isfactory. The last quarter of the produce year,? is generiilly the worst, but nt least we mny expect, tlio total to between three and four millions sterling, which would make the total for the year about JE2Q.OCO.GOO. Customs dutieo collected at the port, of Wellington yesterday amounted to £1623 14s. 2(1. IWAX AND POLI-APP. By Telegraph -Pre." Atsociation-Conyrisht (Rec. July 8. 9.25 p.m.! (Sydney, Uuir 8. Bnui nnd pollard have (allon 10s. per ton, Bind etwd at £5 lOit-

man commissioners cable. The Department of Agiculture, Com-mcri-c, mill Tourists has received the following cablegram frnm Hie Hi?h Commissioner for New Zen.Linil, dated London July 6, 1912. (Note-Quotations unless otherwise spsclflort, arc average market prices on spot):— (lcneral.—The strike continues. Moat is still being delivered at the market under police protection. Mutton.—There has been more inclination to purchase mutton during the past week, especially lipht weights. Cantcrlmry, 4Jd. per Ib.; North Jslind. 33d. Lamb.—The market is firm for anything available, but liigli prices arc restricting business in the market. Canterbury. 6Jd. per lb., other than Canterbury 6(1 licef.-Tlie market, is firm. A moderate supply. There is a general and active demand. Now Zealand hinds, 4 3-8 d per Hi.: fores, 33d. Hiittei-.-Tlm market is quiet, with a tendency in favour of buyer", hut holders :iro firm for Now Ze-.ilnml lien quality. Chojccst New Zealand. 113s. per ™t.; Australian, 1065.; Danish, 1195.; Siberian, 103s. Chesse.—Tho market is rather iiniet. T)'» Home market is large. Kxpcct prices \\?.l decline. New Zealand white, 695. per cwt. , coloured, 705.; Cniiadinu, white, 645.; coloured, 655. Ifemp.—The market is firmer, and there is a. better demand. Spot, New Zealand good fair grade per ton £22 55.; New Zealand fair grade £20 155.. fair current Manila. £22.105. Forward shipment, about the Kime price. The output from Manila for week was 20,000 bales. Wool—The market is strong. All stocks are advancing. Current quotations for Bradford tops-36's low crossbreds. Is. lid. per lb.; «'s low crossbred?, Is. ljd.- 44's medium- crossbreds, Is. 2Jd.; 50's halfbreds, Iβ. 6d.; 56's ouarter-breds, Is. Bid.; 60's merino, Zs. 2d. FROZEN , MEAT. By Teleeraph—Press Association-Conyrieht „„ T London, June 7. The Incorporated Society of .Meat Importers Smithflcld market quotations for the undermentioned classes of frozen meat are based on actual sales of not less than one hundred carcasses of mutton or lamb or twenty-live quarters of beef of fair average quality. The quotations are not selected lines, but for parcels fairly representative of the built of the shipments now on the market. The prices which follow arc on an average a farthing per lb. more than the value ex ship, this difference representing an average co;t in expenses, handling, conveyance, and selling the meat:— , June 29. June 6. Mutton— ' , d. d. Canterbury, light 4 5-8 43.8 Canterbury, medium 4{ 4J Canterbury, heavy 3J 3j Southland 3f| 311-16 North Island, best 38 311-16 North Island..ordinary ... 3 9-16 3ij Australian, light 33 ,Vi Australian, heavy 3} 31 Itiver Plate, ligh-. - Ki-ver Plate, heavy 3( 33 New Zealand, owes .VJ-β 3 7-16 Australian, owe." 3 3-8 32 Hivcr Plate, owes 3S 3 3-8 LambCanterbury, ■ light 6 3-8 6 3-8 Canterbury, medium 6* 6 Canterbury, heavy 58 53 Southland. • 6J f, North Island, ordinary ... 6 5J North Island, selected ... 6H 6 Australian, best 53 53 Australian, fair ... 5J 5J AriHralinn, inferior — River Plate, first 5j • River Plate, second 5 * BeetNew Zealand, ox fores .. 3* 3S New Zealand, ox hinds... A\ 4fc Australian,'ox force 35 3fi Australian, ox hinds 4 4J Itiver Plate, ox fores 3i 3* River Platefox hinds ...... 4.\ 4} River Plats, chilled fores 33 33 River Plate, chilled hinds 41 43 flf one offering. LONDON WOOL SALES. London, July 7. At the wool sales yesterday prices were firm, and competition for all sorts was keenly maintained. To date. 36,697 bales have been catalogued, and 34.948 sold. The following are prices realised for the fleece portions of the clips named:—"Bulling," top price Is;, average 10|d. ; "Benopai,"' top price Hid., average lljd.

WHEAT. (Eec. July 9, 0.40 a.m.) Sydney, July 8. Wheat.—Quotations have been reduced to' «s. Id. and te. 2d. METALS. London, July 7. Tin-plates, £14 7s. 6d. and £15 7s. 6d. Angle steel, £155. '• Tram rails,. £108.