COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1519, 15 August 1912, Page 8

COMMERCIAL ITEMS.

■ INVESTMENT SHAKES. The sales recorded yesterday were:— Standard Insurance at 325.- 3d., Meat Export (525. 6d.) at 625. 6d., and N.Z. Paper Jlills at 21a. 3tl.' The buying and selling quotations were as under:— Buyers. Sellers. £ s. <L £ s. d. Bank New Zealand ;. — \lO 16 0 N.Z. Loan and Mercantile 0 9 0 — N.Z. and liiver Hate — 2 0 0 Well. Trust and Loan ... 7 15 6 — f'eil'linK lias 10 6 — Well. Gas (£10) 17 17 6 - Well. Gμ (second issue) 16 5 0 — ■\V'e]l. Ga<s (third issue) ... — 13 15 0 Standard Insurance 11l ( — Meat Export (52=. 6d.) — 3 3 0 Union Steam 2 8 0 — Xtospcict WouHen - 3 8 0 Well. Woollen (ord.) 3 12 0 3 16 0 Well. Woollen (prof.) — 2 18 0 Taupiri Coal 12 9 13 0 Wciit-port- Csa-1 - 18 6 TariiiErainntu Totarn, ... 2 5 6 2 6 6 Oono-Kliv Hope and Twine 15 0 — N.Z. Paper Mills - 116 Sharland's ordinary — 13 0 FEOZEN MEAT. Messrs. Dalgcty and Co., Ltd., in their woelily report on tlio frozen meat market, da.ted London, July 4, offer the following remarks':— Frozen Beef.—This, though the spot prices have not eo far advanced, is easier to 801 l thiin it was, owing to a tendency to speculate in beef by tho?£ who arc perhaps n<vi fully, acquainted with the situation. Tho live cattle market, at Birltcnhead is about s<l. per stone dearer owinjr tfl temporary rcarcity and the speculative oleinent referred to, but Uiis advance may not be maintained, for we understand Uμ Government have been induced to rescind an order entirely prohibiting the shipment of Irish eattJe to this country, and that bm.'itfi from Ireland can now bo Ecnt to BlrkenUead and some other port, suhjeet to t.he approval of the local authorities, and provided tlioy aro quarantined and killed within a few days of arrival. As a largo proportion of the store cat.tlo fattened in England comes from Ireland, it is considered probable by some people that, so far as beef is concerned, tho etlVct of tlis present outbreak will be to produce a plentiful 6upply just now, because the Iri6h farmers will naturally wish to sell their cattle before they develop tho disease, whjlo In a. few monCiV tliao there h like. Ir to be a corrciDondtas Kiurclty, for the

English fa.rmors aro unable, if they were willing, to purchase stores. Others! hold <ui entirely opposite view, thinking tliat tho cattle, being by no means In forward condition, the Irish farmers will prefer tr Keep them nnd risk tho possibilities of disease. Frozon Mutton and Lamb.—lt is nnl thought that these markets will be much affected. The frozen mutton trade has so declined in recent years that it would need a great, scaroity to force miscli advance, l'rioes at present remain unchanged. Midlum nnd heavy weig-hts are cxt.rcmelj difficult to sell, and values are generally weak all round. Frozen lamb: Prices arc n.t such a, high level that it can ]uirdl.y he expected to moke much more money, Trade hn,s been very dull during tho pnet week, n.ml quotations, with the exception of very light rnrcasFcs. aro.again easier, and a. further fa.ll in the heavier descriptions seems probable. You ■ will gather i.hnt with mntton and lamb the eifect of a delay in marketing Home supplies or a decronso in the quantities available Is likely to be more in the nature of retardinc a decline than of causing an advance. Tho possibilities as to the estension ol the a.re:i affected by the disease arc of such scope that no one can form an accuraU opinion as to the conEoqucnccs. Customs duties collected at the port oi Wellington yesterday amounted to £1783 4s, DEBENTURE STOCKS. By Telecraph—Press Association— Copyright London, August 13. The latest quotations are:—Australian Mercantile. £98 10s.; Goldsbrough, Mort, and Co., £98 10s. EISE Ilf CONSOLS. (Ecc. August 14, 11.55 p.m.) London, August 14. Imperial Consols have risen to £75 2s. 6d. LONDON MARKETS. (Bee. August 14, 11.55 p.m.) London, August 14. Wheat—The market is dull. Australian sailer, January-February shipment, has been offered at 385.; off the const, 4Ce. 9d.; parcels afloat, 38s. 6d. and 38s. 9d. Currante.—Ainalia, 275. 6d., 295.; Patras, 295., 315.; Smyrna sultanas, 525., 655.; figs, 295.. 405.; almonde, £7 ss. to £14. WHEAT. (Bee. AugUEt 15, 0.10 a.m.) Sydney, August 14. Wheat, fe. 3? ( d. and 4s. 4d. METAL MARKETS. (Rec. August 14. 11.55 p.m.) London, August 14. Coppor.—On spot, £78 7s. 6d.; three months, £78 7s. 6d.; electrolytic, £81 ss. Tin.-On spot. £207 55.; throe months, £205, Lead, £19 10s.