COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1496, 19 July 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES. _ A sale of National Insurance shares at 595. was the only transaction recorded yesterday. The buying ai:d selling quota.tions were ae under:— ■ " Buyers. Sellers. „ ~ £s. d. £ s. d. Dank New Zealand — u 4 0 National Bank — 6 0 0 N.Z. and liiver Plate 1 19 6 Well. Investment : 0 11 9 — Well. Trust and Loan ... 7 8 6 — Ch.nEtch.urch Gas 6IS t) . 9 0 0 I'eildins Gas 10 0 — Well, (ia.s (£10) 18 5 0 - Well. Gas (£9) 16 5 0 - ttelj. Gas (pref.) 10 0 10 9 National (Insurance 1 18 9 — N.Z. Insurance '.-. — ■ 4 17 6 Christchurch 'Meat ..........15 2 6 15 7 6 Meat Export (£5) 6 5 0 — Jlosgiel. Woollen — 3 7 6 We-11. Woollen (ord.) 3 9 0 — Well. Vvoolieu (nrcf.) 2 17 S - Hikiiraiiffi Coal ....: , 0 19 0 Taupiri Coal 12 3 — Westport- Coal .:.....-......... 1 7 0 18 0 Leyland-O'Brieii ' I J _ Taringnmutii Totarn. ...... — 2 6 3 Dcnai;hy Hope and Twine 14 9 — Golden Bay Cement ' — 1 'l 6 Manning and Co — 4 2 6 N:Z. Drup — 2 11 6 Sharlaud's ordinary' -- 13 0 Ward' and Co. : 5 2 ,0 —

NEW ZEALAND HEMP. There has bocn an advance of 20s. per ton iu the price' of, New Zealand hemp during the-past few days, the present quotations being £21 per ton f.o.b. Weilii:>jton. The present, price leaves a fair margin.'of. profit''to the miller, ond if maintained for the nsxt Tow weeks it, will result in goner'al- activity at the hemp mJllis: most of them are now'closed down for the winter. ,Th 3 advance is no doubt largely due to the fact that the American wheat' , crop is exceptionally larcc. According" to a cable messags published yesterday,'the N.orth-West prospect is for tho greatest crop in history. If tl'is is Correct, nnd there is no reason for doubting the •.accuracy of the, statement, although it emanates from American sources, tho consumption of binder twine imwt bo abnormal, and manufacturers' reserves must he running low. It is very probable that the presant demand for New Zealand hemp arises from 'the fact that manufacturers miiet replcu-i-Ci stoclv- If this view of the position is anywhere near correct, our hemp should at least maintain its price for tome time to come, but 'tie probability is that there will be a, farther slight, advance. Manila hemp and sisal are strong .pomnetitors. but unless supplies of those fibres an extensive, they will not interfcrj with the upward trend of prices. .- ' ■

WEST COAST COAL. ■ According to the "Westnort News." the output cf coal iron- the Buller • coalfields duriiiß the fir?*., half of this year shows an increase of ''8,358 tons, as compared with the first half of last year, the fieures of the respective mi'r.cs heme a.-, under:— 1911. 1912. Tons. Tons. Inn. .Westport Coil Co. ... 2(17/59 298.V9 1ft.970 We=.tport.-StoeUtou Co. 37,559 fid.79l 25.25'. SeiidonvlUc State Mine 21/14 35,550 14,136 Totals 345,392 39!,7£0 48.358 GOLD AXD PHICES. Mr. I. Wien?r. writing to the "Economist" l.Londonl of Jur.j I,'sa.v?:—"The nrioo of every commodity >s governed nlmast exclusively by a sot of conditions of supply and demand and cost of production entirely iw own, and probably entirely iii- - dependent of the gold supply.. Apart from supply and demand, credit appears the enly determining factor, and for purposes, of. credit every item of wealth in the world, all commodities, all real and psrsonal property—yea, cvon personal character is available. The very moment anything ropreecntfne 'wealth is produced it becomes usable as credit, and practically becomes current coin and a icedium of eschanee er;uat to irold, and the true reason why the Kold supply has little or no influence on. prices of commodities appears to be that, compared with the enormous amount of wealth in the world increasing'daily, the .increase in the production of sold is very small. Besides, shake credit and prices -will slump at once.

COMPANIES" REOIST7SBEI). The following , appear in the lisL of companies registered published in the "Jler-ca-atilo' Gazette":—. Jlanpaone Oilfields, Ltd. Registered May 17. Office at Browning Street, Port Almriri,. Capital .*.25,00 P. divided into ?-5,C00 shares of £1 cich. SuK-,cribers-P. Cas£!ii. 4250; H. -T. Bull. 6fCO; P. C. Lewi.i ?-Mi W. R. Godfrey, M 3: M. BonrUe, EGO: B. S. Storey, ZCO; A. Frederickson, 250. Object- To prospect for coal or. any other mineral. . ,Tiis. : J: Nivcn and Co.. Ltd. liesislered June 8. Office at Waehoinn Street. Port Ahuriri. Xanier. r.init-al .E3CU"!). divided into• 30fi,c;0 f.harps of ,£l-eac)i. Rubscribcrs— W.- : Nsl£in. 15.8C0: «. Nelson, JO.CtO; V?'. K. Nelson. Wi: T,. Nelson. 16.CC0: -J. Ohambers 3CCO: H.C. OKaniber.?. ECt-1: T. JI. Chambers, 47C0: G. M'Gregor. 1050: 0. Gibbons. 10C3:' F. VC. "n-illiam-!. 1000: P. .W. Willianis and W. T. Williams (trustees for A. L. Williams), 15.crfl: Jtrs. K Brown, ?CCO: J. 11. Brown. 1CG0: and 50 other subscribers each hDldine under 1000 rhares. Ee-regist°rcd under Part IT of the Companies' Act, , 19C8, Section 172, on May 20. 1912.

. . CUSTOMS RETURN'S. Customs revenue collected at the sort hf Wellington ycsterida.y amounted to £1603 9s. 4(1. LONDON MARKETS. New Zealand Loan and Mercantile A stew Company, Limited, have received the following nnbl'etrrnin from 'heir London house, umlsr dnte July 17:—Wheat: We ouoto 395. M. Australian cargo. There is very Tit He demand owip.7 to fine weat.lier. and b.uyers are hcldin.T off. Tiie general market prospect outlook is c'iscouraging. lWdon wool salfs. By TelcKi-oph-Vress Associntion-Copyrfeht London, .Tiih- 17. A cood selection, chiefly of Xev Zealand sorts-, wns offered n<. the wool sales today. There was animated" rorapclitinn, thn prices realised beiiiE the best of the scries. (Roc. July 18, 11.45 p.m.) London, July 18 The following .ire (he prices rcoTieed at the wiol sales for the (lenoo portions of the clfns named:—Tukemokild. top nrine 10} d. average 9W.: Wainai. lljd. and 10* d ■ Ornki. 13d. and 12'.1.; Uraemar, 21* d. and 193(1. . WHEAT. ' , London, July 17. The American visible Eupply of wheat is 38,914,0C0 bushels. TALLOW. London, July 17 The tallow eales were not held. METAL MARKETS. (l(e<-. July Iβ, 11.45. p.m.l London, July is The lead imparts totalled 16,224 toll* ami the exports 3766 tons. AUSTRALIAN PROUCGE MARKETS. (lice. July 18, 9.43 p.m.) Sydney, ,Julv u, WlicUl U firiniiitr in .price :it "I- i"d '~1 (i 4s. 2d. Klour. city brands. £10; r-ountrv £9 17s. 6d.. Bran and pcOhrd. £5.' On"?,' /ilsrerian, ». fid. to J 6 Sd , Mcertinir. t* Xsw Ann a,pd whltni, it. ii, to J? e,'| ■

Barley quotations arc nominal. Potatoes. Tasmniiian. £11 10s.: New Zealand, £9 ($. Onions, Victorian. £12 to £12 10s.; New Zealand, £7 to £8. Cheese, lCd. Hacon, fd. tn 6J(1.Adelaide, July 16. Wheat, 45. Id. to 4s. l!d. Flour, ,£8 17s. 6d. to £9 2s. 6tl. Bran, Is. 2d. Pollard. Is. 3d. Oats, 3s, sd.

MEMOUHXK HIDKS MAHKET. (Rcc. July 18, 9.40 p.m.) Melbourne, July 18. TTidoi were in avcrace supplies o! today's sales. There was cood competition, but no change in prices.