COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1584, 30 October 1912, Page 8

COMMERCIAL ITEMS.

. . INVESTMENT SHAKES. ' A sale of Christchurch Gas sharee at £8 ss. /was reported yesterday. The quotations wore as under:— Buyers. ■ Sellers. £ s. d. £ s. ii. 'National Bank — 6 2 0 Equitable Building - 9 17 6 Metropolitan — 12 in 0 ■ N.Z. and Itlvcr Plato — 2 2-0 Well. Trust «ud Loan - 7 10 0. Well. Deposit — 0 7 6 ChristchUTCh Gas .- 8 0 0 8 3 6 Woll. α-ie (£10) .'. - Iβ u ii Woll. Gas (third issuo) ... ■ - 14 15 0 Gear Jfcat (£4) - 1217 6 Meat Export (52a. 6d.) - 3 0 0 N.Z. Shipping 1111 Union Steam 2 5 0 2 6 0 Well. Woollen lord.) 3 14 0 - Westport Coal — 18b Leyland-O'Brien 17 0 18 0 Tanin'garautu Totara — • 2 6 6 C. M. Banks, Ltd 10 0' 110 Sharland's ordinary — 12 6 Kharlaud's Preforence .... -- ■• 1 2 ') Ward and Co 4 19 0 5 2 0 .LONDON MONEY MARKET. It is stated that private information has bean received that high financial authorities, nrc discussing the probability of an increase in the Bank of England rate. A six psr cent, bank rate seems highly probable, and this upward movement can bo attributed to the Balkan war. It is not, the .requirements of the belligerents that .

i< causing, apiirchension, but the difficulties and dangers which ' will arira when the tflrm6 of peace are to be arranged. XotwithsliincliiiK the pacific annomicoiiicn-te of the KMit Powers. R-hemcM of mobili?ation ore in hand, and while these arc being kept aj uuict as possible, one or the other of the Powers will presently coine into the lopon. Apart altoßetlisv from the Balkan war and Its immediate and prospective effects on tho money market, the procure on the latter just now is particularly severe from the commercial side. Impost mail advices show that trade is active in Groat Britain, and is rapidly imnrovins in America.. Willi the higher level of pricc3 and higher costt\ a great deal more money will be needed than would have teen the caso a, few years ago. The strain on the money market is adouble one, political and commercial, and the Bank of Knglajid is bound to protect the nation. . Customs duties collected at the port of .■Wellington yesterday amounted -to £2953 IBs. . 9d. •

FROZEN MEAT. JiesFrs. Gilbert. Anderson and Co., London (Jlelleop, Eliott,' and Co., Palmcrpton North, agents), in their report, dated Septouibqr,-, 20, state:—Plentiful supplies of Dutch and Home-bred mutton and lamb, at beginning or week, met a Glow demand, which has continued through the week, and prices for Home-grown and Dutch nro weaker. Homo-crown .beef. s<d. to 73d.;. mutton, 5Jd. to 7Jd.; tegs, 6d. to 7Jd.; ewes. 4Jd. to sd. (Dutch mutton, sd.- to 6Jd.). liumbs. 6d. to Ed.; Scotch hill lambs, 6d. to CJd.: Dutoli lambs, 5Jd. t0.63(1. Pork, 7d. to 72d. Veal. 7d. to BJd: Chilled beef: Hinds, 4Jd.; fores, 3Jd. Frozen beef: New Zealand hinds. 3jd.: fores, 3Jd.; Australian, 33d. and 3 3-16 d.; Plate, 3?, d. and 3 M6d. Frozen mutton: Pricos have declined' in sympathy'with poor demand. Canterbury. 48-56. 4 11-16 d.; 56-64. 4Rd.; 64-72, 4 9-16 d.; best. North Island and SoutUand. 4 9-16 d.; ordinary. 4Jd.; ewes, 4 l-16d.: Australian, 4Jd.; same price email ewes; Plate, 50-70, 4 3-Bd. Frozen lamb: Very few indeed wanted, /and prices likely to fall. Canterbury, u-36 and 36-42, 53d:; 42-50, 5 3-Bd.; Southland and best North Island, sgd.; ordinary, 5 9-16 d.; Australian and Plate, p'racticaly gone. . TRADE IN ALLEN STREET. Onione are soiling at 14s. to 16s. per case of 1001b. Flour is quoted at £8 10s. to £8 15s. f.o.b. south, according to brand, and less the customary trade discounts. Pollard is in good demand at £6 15s. to £7 per ton. Bran has good inquiry at £5 53. to £5 10s. per ton. Maize.—New Zealand grown is selling at sa. to ss. 3d. per bushel, while imported feed maize, "Hickory King," is quoted at fe. 6d. Oatmeal continuce at £13 to £13 10a. per ton. Rolled oate, in 41b. bags, are seUing at 9s. per dozen, and oatina, at 9s. 6d. Oats.—The market is easy. Short feed and Dun oats are quoted at 2s. 9d. to 3s. per bushel, and seed Algerian, 33. ;3d. to is. 6d. i for samples of discoloured' oato, lower rates arc ruling. '

Ila-y is in good ■ demand j prime rye and clover, £5 153. to £6 per ton; medium quality, £3 10s. to £4. , ChflCf.-Primc oaten sheaf chaff is selling tit £4 15s. to £5 per ton; medium quality, £i 10s. to £3 155., all sacta in. Fresh eggs are in excellent demand at Iβ. per dozen. Butter is in short fiupply. prime milled in bulk, lid. to Ujd. per lb.; (,-ood quality, 9d.:to IM. Ma-rgarinc, ' in ZBlb. tins. Scottish manufacture. 8(1. to BJd. per lb. Cheese.--Very, little of the old season's cheese is now available; new season factory mado, medium size is quoted at 7d. por lb.: loaf, -7Jd. to 73d. Riccmcal is Blow of sale tit £5 15s. per ton; and rice Hour, £6. . Split peas ore quoted at 17s. per cwt. Partridge peas have moderate inquiry at 3s. 9d. to 4s. 3d. per bushel. ■ Whole linseed is in fair demand, at 17s. to lfe. per cwt. LinFced nuts and crushed lingcoil cake arc (jelling sit 136. and Us. per cwt. respectively. '~'-, Vegetables-Supplies of • sreen peas, mainly from the Xelson district are incrcasinß, and meet with a,good demand. A Kood demand exist? tor pan-nipe and cauliflowers, but cabbages are easier. Coutimmenta of new potatoes n.ro cominif for. <r£rd almost dally by rail from tho Auck. land district, aod meet with ready sajc

Rhubarb is in heavy supply, and (lie market is freak. Fruit.-Vl'ho Molcoin landed yesterday transhinmriitt- of Ilritish Columbia, apples ox Zcahmdia from Viuicouver. The fruit was lauded in excellent order, and the quality left nothing to lie desired. Very few Tasmanian applets are now coming forward. A few New Zealand-grown applet from the Christchurch cool stores are coming on this market, a few New Zealand lemons are «lso available.

OIiAIX AND JMtODUCE. (Ily Tulezraph.-l'ress Associa-f'on.) Cliristchurch, October 29. llasiness is fairly <i:iiet. The principal tliiijpr doins is i" connection with arranging for cargo for bpate leaving next month. The 35;. freight, however, docw not leave much hope for profit, but an outlet is at la=t afforded for flocks on hand. Tiiorc is practically nothing coming in from the country, turning over grain in store funning the main part of the trade that fa passing. It is not likely that there will be any quantity of wlioat shipped, owing to prospects of a short crop in the coming eeason, the bulk of the exports arranged for being oats and pear*. Potatoes arc still firmer in coiipciiu:nce of good demand and short supplier. Prices are £7 16-. to £8 at country stations, according to distance, and offerings are becoming very tunall.

HIGH COXMISSIONEK'S CABLEGRAM. The Department of Agriculture, Industries, and Commerce has received the following cablegram from the High Commissioner for New Zealand, dated London, October 26. (Note.—Quotations, unless otherwise specified, are average market prices on spot):—

Mutton.—There has been no alteration in the market since last week. Canterbury, W. per In.; North Island, 4id. (?). Lamb,—Tho market is a shade weaker. Canterbury, s§d. per lb.; other than Canterbury, s}d. Ueef.-The market is dull. A large supply. New Zealand hinds, 3 3-Bd. per lb.; fores. 2Jd. Butter—The market is ruiiet, but steady. Buyers arc cautious. Banish, 131s. per cwt.;. Siberian, 112?.: Australian (new season's), 123«. : Argentine, 1253. Cheese.—The market is i!i:ll. Transactions in checGC are very limited. Canadian white, 64?. per cv.t.; coloured, 655. Hemp.—The market remains firm, and is stronger in tone owing to the bufincre which has been done. Heporte from Manila indicate prices likely to advance. New Zealand good fair grade, per ton. £33 10s.; Sew Zealand fair grade, £32 10s.; fair current Manila, £33 Ks. for any position. The output from Manila for the week wae 13.C00 bales. Cocksfoot Seed.—The market is quiet, and shows «gns of" improvement. ' Kauri Gum.—The market i 3 steady, with o. moderate demand. Dark brown telcctcd rescraped, 1235. to 160s. per cwt.; threequarter scraped, 80s. to 9ce.; chip 6, drossy,355. to 455.; rescraped pale amber. £10 to £12; three-quarter pale scraped, £7 10s. to £9- dig"ers' chip?, good. fite. to 70s. Slock at the end of September, 424; about ICO packages offered, only Ecven packages soLd at auction. Woo!.—Market remains firm,' Current quotations for Bradford tops: 36's low. cro.-;:-breds, Is. 2Jd.; 40's low croifibrods. Is. 3d.; <4's medium crossbreds, lis. 4d.: 50 s r-aU-bre.de, Is. 6Jd.i 56's quarter-bred-:, Is. 9id.; UO'a meriiKHj, 2s. 2Jd. WHEAT. By TclenraDh-Press Aesociation-Copyriehl (lice. October 29, 11.30 p.m.) London, October 29. Wheat is very dull of sale; 395. 6d. and 40s. is asked for Australian sailer,. DecemberJanuary shipment. 'SILVEK.--London, October 28. Bar silver is quoted at 29 l-16d. per ounce standard. ■ . .