COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1568, 11 October 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES. Two sales nf Meat Export shares 152-. 6il paid) nt £3 each were the only transaction^ recorded yesterday. The quotations were as under:— Buyers. Sellers. £ s. d. £ s. d. I-.quitnble Building - 9 17 6 .Metropolitan Building ... — 12 12 (j X.Z. and Itiver Plate — 2 2 0 Well. Trust mid Loan — y io o Christchurch Gas 7 18 0 Palmerston X. Gas 9 0 0 — Well. Unii tXID) ... IB 0 0 Well, (las (third issue) .... 13 15 0 14 IS 0 Well, (las (prof.) - 10 9 Gear Meat (£4) - 13 0 0 Meat Kxport- (523. 6d.l 3 0 0 Well. Woollen (pref.) — 2 17 9 Taringaniul,u Totara 2 5 9 C. M. Ranks. Ltd - 1 1 o Golden Hay Cement — 110 Sharland's ordinary — 12 9 A BOOM IX HEMP. Good fair grade New Zealand hemp was quoted in London yesterday at £31 per tan e.i.f.. which is. tho highest, price touched for some three or /our years, and a temporary boom now seems likely. Compared with n, year ago prices are as under — Oet. 5,1913. Oct. 7.1911. £ £ s. d. S-F-G- N.Z 29 19 5 0 F.C. Manila : 29 20 0 0 The.above quotations are taken from the High Commissioner's cable message. Since Saturday there has been a further advance to £31. Rome think that the advance is due to the shortage of supplies from Manila, but this cannot be right because comparing the weekly outputs there is a larger output this year. Wo give below the figures for the past five weeks, with those for the corresponding periods of last year:— 1912. 1911. Bales. Hales. September 7 26,000 25,000 September 14 23,000 20.000 September 21 18.000 25,000 September 28 27,000 25.C00 October 5 26,000 19,000 The figures for this year are larger by 6COO bales, iso that we arc safe in assuming that'the Manila production has not influenced the price. The upward movement is more likely to be due to the shortage of fiis.il, as no doubt the revolution in Mexico will have prevented attention being given to the export of this product. Another favourable factor is larger output, of wheat in Canada, and the United States, necessitating the consumption of a greater amount of binder twine. At all events it is singular that the Canadians should be such persistent buyers not only of the raw New Zealand hemp. but. also of twine. The rope factory at l'etone has dono a fair business with Canadian buyers if current reports arc to be credited. High prices are likely to rule for a. little while longer. A YEAR'S EXPORTS. . The produce year closed on September 50, and the values of the principal products exported during each of the twelve months compared with the monthly returns of the previous year show'as under: 1911-12. 1910-11. £ £ October 614.007 720,383 November 1,146,503 1,041,183 December 1.262,122 2,161,769 January 2/90,165 3,026,016 February 2,984,753 2,315,744 March 2,465,077 2,492,318 April 1,999.808 1,459,331 . May 2,373,802 1,824,216 Juno 1,303.237 1,038,173 July 940.C69. 1,053.887 August 1,159,039 664,255 September 600,<64 574,277 19,359,037 18,422,552 There is an increase of just on a million sterling, and if the imports have been kept within bounds the position should be very s-atisfactory. COMPANIES REGISTERED. Tim week's "Mercantile Gazette" ~\rccords the registration of the following companies:— Harvey and Murphy, Ltd. Registered as a private company, October 4. Office: Brougham Street, Now Plymouth. Capital; 600. divided into 600 shares of £1 each. Subscribers; New Plymouth: Harry Harvey, 300 j George E. Blanchard, 250; Arthur O. Murphy. 50. Objects: To carry on businesses of butchers, meat salesmen, fruiterers, etc. Eureka Margarine Company' of New Zenland, Ltd. Registered September 30. Office: Royal Insurance Buildings, Queen Street, Auckland. Capitol, £10,000, divided into 1750 A issue ordinary shares, 6250 B issue ordinary shares, and 2000 preference shares, all op £1 each. Subscribers: Auckland: F. Van Cant, E. Gerard, H. Gerard, G. L. Gladding,.C. J. Rturge, T. Endletsburgor, and It. L. Ziman. each 1 B issue ordinary share. Objects: To manufacture and sell margarine.

WELLINGTON MARKETS. Messrs. Laery and Co.. Ltd., wholesale produce merchants. Allen Street, report prices ruling on the Wellington market:— Fowls' wheat, 4s. 2d. to 4s. 6d. per bushel; fowls' barley, best 3s. 6d. to 3s. 9d\ per bushel; Cape barley seed. 3s. M. per bushel; oats, short feed 2s. Bd. to 3s. per bushel; oats, seed Algerians 3s. 4d. to 3s. 6d. per bushel; oats. Duns 2s. lOd. to 35.; maize, ss. to ss. 3d. per bushel; seed maize, Hickory King, 6a. 6d. bushel; Prussian blue pea-s, 6s. 9d. to 7s. per bushel; partridge poas, 4s. to 4s. 3d. per bushel; horse beans. 4s. 2d. to 4s. 4d. per bushel; sucrosene, £7 per ton; flour. Atlas brand, £9 lis. 6d. per ton: oatmeal. £13 10s. to £14 per ton: pollard £6 15s. to £7 per ton; barley meal, £6 per ton; pea meal, £6 per ton; bran, £5 155.-per ton; chaff, prime oatensheaf, £5 per ton: chaff. . medium quality ' oatensheaf, £4 ss. per ton; chaff, straw, £3 15s. per ton; straw, baled, £3 to £3 10s. nor ton; factory bacon, shoulders, Bd. per lb.: sides-, 9Jd. per lb.; hams. 9Jd. per lb.; rolls. 10' d. per lb.; factory cheese, medium 6ized, 7}d. per lb.; factory cheese, loaf sized, 73d. per lb.; honey bulk, in 561b. tins. 41d. per lb.: margarine, in 28lb. tins. Bid, per lb.; wholo linseed, 18s. per cwt.: linseed, ground, 225. per cwt.; linseed, cake, 14s. per cwt.; linseed, nuts. 13s, 6d. per cwt.; basic slag. £4 ss. per ton; superphosphates, £4155, to £5 per ton; rolled oats, 9s. 6d. per dozen; rolled oats, bulk, 16s. per 1C0; potatoes, prime table, £8 to £8 10s. per ton; seed potatoes, IJp-to-Dates £6, Gamekeepers £9 per ton; Californian onions, £15 per ton. LEVIN WOOL AND HIDES SALE. Messrs. Hitcliiiigs, nankins and Co., Ltd., report on their Levin sale held yesterday as follows:—We submitted a good catalogue, comprising 34 bales and fadfees wool, 1000 sheepskins, 440 hides and calf skinE, 2 casks and 50 tins tallow, to a large attendance of buyers. Competition was keen, and we have to report an advance of Id. per lb. in sheepskins and Jd. per lb. on hides, with the exception .of calf. skins, which were easier by about }d. per lb. Wool: Straggler fleece, Bd.: to ftjil.; dead, 43d., 5d., 63d., 73d., to Bd.; cmtchings, 53d., 6d. to 61d.; horsehair, Is. 4d. *o Is. fid. Sheepskins: Crossbred, fine, Bid.; oros* bred, medium, 7{d. to 81d.; crossbred, coarse, 7d. to 7Sd.; hoggets, fine, Bd.; hoggets, medium to coarse, 63d. to 7d.; dead and broken, 6rt., 63d., to 6Jd.; crossbred, green and damp, 6s. 9d., 7s. 3d., Bs. 4d.. to Bs. 6d.; hoggets, damp, 4s. 7d. to 6s. Id. Hides: Calfskins, prime, 10Jd.. to. Hid.; meaty do., BJd.; cut and slippy, 5J.d. to 7 3-Bd. Ox,, heavy, none offering, medium do., 7Jd. to 74d.; cow, prime, 63d. to 6Jd.; medium do., 6 - 3-Bd. to 6Jd.; slippy do., J d„ 5d., to Sid.; yearlings, sound, 7 3-Sd.; cut and slippy do., sd. to sjd. Horse hides, 10s. 3d. to lis. Tallow: Casks, £26 15s. (equal to'£2B ss. Wellington); drums nntl tins, 235. 6d., 245., to 245. 6d. Customs duties collected at the port of Wellington yesterday amounted to £2794 13s. 4d. LONDON MARKETS. The New Zealand Loan and Mercantile Agenry Company, Ltd., have received the following cablegram from their London house, under date October 9:—Wheat: We quote 395. e.i.f.. Australian par.ccl. Tho market is firm, with a f«,ir demand. Owing to the political situation, the outlook is uncertain for Continental market prospects. Oats: We quote 255. 6d. The market is firm, with a. good demand. HEMP. The Department of Agriculture. Industries, and Commerce has received the following cablegram from the High Commissioner for New Zealand, dated London, October 9:—The market has advanced. Reports from Manila indicate that shipments arc likely to decrease. October-December New Zealand, good fair grade, per ton, £31; fair grade, £29 15s. LONDON WOOL SALES. By Telegraph—Press Association—Copyright London, October 9. At tho wool sales bidding was animated for all sorts at the highest level of the scries. (Rec. October 10, 8.30 p.m.) London, October 10. Bidding at the wool sales was animated, and the rates for all sorts were at the highest level of the series. WHEAT. London, October 9. The Balkans situntion has had small ef. feet on the wheat market. Holders are Arm. There is- a fair demand at full prioos. Tho American visible supnlv of wheat is ■ 53,016.000 hushels. TALLOW. London, October 9 At the tallow sake, 1546 casks were of fercd, and 1099 sold. Prices: Mutton, fine 40s. 9d., medium 345. 6d.; beef, flue 38=. 9d medium 33'=.. 6d. METALS. London, Octobor 1 Par silver is .quoted at 29id. per standard. CoßEOiv-American jtccks. total 63J|£fij:t;0!b

(Hoc* October 10, 8.30 p.m.) London, October 10. Bar silver fe quoted at 2s. s*d. per ounc< standard. COMPANY DIVIDEND. London, October 0. The British and Australasian Trust ami I,oau Company. Ltd., declared an intcrirr dividend at the rate of 5 per cent, AUSTKALIAX PRODUCE MARKETS. (Iter.. October 10. 11.15 p.m.) Sydney, October 10. Wheat. 4s. s»d. to 4s. 6d. Flour. £9 10s llran, .£6. Pollard. £6 lf~. Oats. Algerian feedinjr, 3«. 6d. tn os. 9d.; New Zealand whites. 3s. 5d.: Giants. 3s. 6d. Maine, fc 6n. llarley. Victorian, ss. 3d. to ss. 6d Potatoes, Tasmanio.ii, £15; New Zealand £10 lCs. to £11. Onions, Japanese am American, £17 to £18. Butter, telerteci brands, 1165.; prime. 105s. Cheese, 83d Bacon, 9d. Adelaide, October 10. Wheat, Is. ,xl. to 4s. 3jd. Flour, £9 10s Bran, Is, 2Jd. Pollard. Is. 3»d.