COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1593, 9 November 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT -SHAEEB. > A fair number of tales were reported yesterday. Business was done in Wellington Investment at Its. 9d.5 WeUington Gas, third issue, at £14; Hlkurangi, Coal, at'' 18s.; and Shorland's preference at 225. 3d. The quotations were as under:— Buyer?. Sellers . £ s. d. ■ ,£ s. d. National Bank —. 6 0 6 Equitable Building .. ~ -916-0 Metropolitan —.- 12 to -0 N.Z. and Biver Plato' -'— 2 16 FeUding Gas 110 Well. Gas (£10) ..- ■ 17 If 6 Well. Gas (third issue) ... 13 It 6 — Well. Gas (prcf.) 10 0 10 9 S.B. Insurance —:. — - - 3 16 0 Gear Meat (£4) 12 Ift 0 12 15 0 Meat Export (£4) — - 5 0 0 Meat Eiport (625. 6d.) .— — 3 0 0 N.Z. Shipping 14 0 0 — Union Steam 2 6 3.270 Well. Woollen (ord.) , - 3 16 0 Hikunangi Goal ■; 0 17 9 0 18 6 Taupdri Coal 12 0 — We6tport Goal — 18 6 Leyland-O'Brien — 1 ' 8 3 Golden Bay Cement .:. 10 6 — N.Z. Drug « - 2 10 ti Ward and Go. ...' „..,... \ 5 0 0 — W.F.O.A. (£5) - ' 7-5,6 W.F.C.A. (£1) 17 0 -» ' Customs duties collected at- the port, of Wellington yesterday amounted to £1894 lfl. Id. ' OAETHAGE G.M. OOMPANr. TBEATMENT OP GOI>E>BEABING SAND. (By Telegraph.—Press Association.) Westpofi, November 8. The Carthage Gold-mines, Ltd.—a email oompany formed here softie time back—has successfully solved the problem of working out low-lying beach gold leads. TSho mime has been making a steady profit of from £12 to £13 per day, and it iB confidently' predicted that the wholo of the beaohes from Westport to Ngakawau vriM now bo worked on their principle, which is the invention of a local man. . The fact that these sands can be raised and treated fop a penny per yard is a factor in gold, mining that must give the Thole of this West Coast a fillip, 'as there are many miles of similar beaches from Cape Farewell to Jaokson's Bay. WAIHI-PAEEOA GOLD EXTRACTION 00. Auckland, November 5.. During tOw six -weeks ended November 2 the WaFhd-Paoroa Gold Extraction Company treated 18,000 tons Of tailings for a return (the seventh) of £6295. Compared with pre. vlous return from 8000 tons, this shows ail increase.of £3055. The total value of Million won to date is £37,411 6s. sd. A dividend of Is. per sharo has been declared by the directors on all shares (both fully paid And contributing). as registered on November 16. The dividend will be payable on and after November 23. The sum to bo distributed amongst shareholders will amount to £6250. LONDON MARKETS. Messra. Dalgcty and Company, Limited. Wellington, have received cabled informal tion from their London office, under dote of November 7 as follows:—Frozen meat: There is a very poor demand at unchanged prices. Tallow: Since our last cablegram, prices are par to 3d. per cwt. lower, and there is a limrted demand. ' VIOTOEIA I>RO.DtfOE MARKETS. Merbour.no, November 8. Wheat, 4s. 4Jd. to 45..5 d,; flour, £9 IDs.; oate, Algerian, feeding, 3a. 2d.; New Zealand. it. 4t<Li medio. Ja. IOAi brm £4 fe.) rat

Now Zealand, cleared, £13; onions, £8 to £10 9s. STDNEr POTATO MAIREET, By Telegraph—Press Association-Copyright (Eoo. November 9, 0.40 a.m.) Sydney, November B. Potatoes ore scarce, and choiccet are quoted at £18 per ton, BANS: OF ENGLAND RETURN. 1 (Roc. November 8, 11.30 p.m.) j London, November 8. ' Tho Bank of England return issued for the week ended Wednesday, November 6, .is as under;— . IsacS De*hutment Kotelisu* £53,615,000 Gov.dout ••■ £11,015,000 Other securities ... „ 7,434,000 Gold 36,166,000 £53.615,000 £53,615.000 BWKTSa DEPAJITMEHT. Proprietors' Govt. socuftcapital £14,553,000. ties.,. ~. £ 13,038,000 Publio do- Other aeciiriposits ... 10,204 000 tieß.,, ... 83.003,000 Other deposits ~.'45.300.000 Notoa .„ {24,778,003 Beet, 7-day uld olhor bills 3,252,000 C 010... „ 1,585,000 473,300,000, £73,309.000 The leading items of tho Bank of England return afford the following comparison :— This week Lastwoelt, East year Bullion 85,188.003 35,902,000 84.288,000 Iteserve 26,363,000 27,108,000 24.861,000 Note circulation 28.837.000 28,550.!y)0 2S.OIi7,UO'J Publio Deposits 1f1.204.000 H.75L0U0 8.54W00 Other Deposits 45,300,000 45,245,000 W2OMI Proportion of rCßorvo to liabilities .„ . 47.46 . 47.70 ' 40.74 GOVERNMENT, SECURITIES. . The following are the latest quotations for Government securities, with a comparison of those ruling last week:— Variation _ compared Pri'ct. with, laHt week. £ i. d. 25% Imperial Consols 73 15 0 25s higher i „N.5,W.1033Jan.-July 102 0 0" ' Unchanged ' 34 „N.fi.W.1930-50Mr..Sp 91 6 0 58 liieber 3 N.5.W.1535A))1.-Oct. 8310.0 . 103 Tower 4 , Vic. 1020 Jari.-July 100 6 0 6s .higher. 3J „Vi.o. 10i9-ffl Jap.-Jaly SO 6 0 ■ ■ 6s hitflioi' 3 ■ ,Vl».loiffl-49Jw.July '.7810 0 .'los lower 3J „S.A. lOiaJan.-Jiily. Mtt 0 ' Unchanged 3 ,B.A. 1316 Jan.-! uly -78 Q 0 Unchanged I „Q'rdl9ls-24Jan.-July 101 0 0 .Unchanged 34 „ OTdWJi-30Jan,-J.uly 34 0 0 40s bi(!hor. 3 ..Q'L'dlW&tfJan.-Julr 70 S 0: 5s lower . 4 „N.Z. 1029 May-Kov,. 100 10 0 Kte higher 34 „N.Z. IBJOJaS.-July 02 0 0 . lliebansed 3 „N.Z.ia4s April-Qct. tfl 0 0 20s lower 3*,, W.A.1020-40,\tay-.NoY 92 0 0 Unobansed 8 „ -\V.A,iOlp-35iIay->i'oy 83 JO 0 : 10s lower 84 „Tas.'l3lOJan.-July • 1)115 0 35s lower. ■; 3 „tas,ViAid Jttß.-July 64 0 0 Unybangod BANK BATES Of DISCOUNT.; . .The Bank, of England ■ rate ■■■ -\vas, on January 27, lowered to .<; per cent.,, on February 16 to 34 per cent,, and on Jlarch 9 to 3 per cent.' On September 21 it was advanced to -4 per cent., on February 8 it was reduced to 31 por cent., and' on May 9 to 3 per cent. On August 29 it.was raised to 4 per cent., and on October 17 to 5 per- cent. . . Tho Bank of France .'rate was reduced, ■from 3J'fco J per cent-, on January 21,, 1988. land continued at- the latter figure Until September 21, 1911, when If was raised to 3s.' per'cent." On Mi*y 17, 1912, it was reduced to 3 per cent., on October 17 it Was raised to 3J per cent., and on October 30 to .4 per cent. Tln> Imperial Bonk of Germany'reduced its. rate from sto 4i per cent..on ,-Fcbru-; ary 6, and on F-ebruary t9 the. rate was further reduced to 4 per cent. -On Septcm : ficr 19, the rate was raised to 6 per cent.', on. June 11, .1912, -it was reduced to' 44 par. oeht., and on October-24- it was.raieed-to 5 per.cent. , , ■■■-. >;; MAEEET BATES OF DISCOUNT. ■ ''" ' . The following are the market rates' for. best ttareo nionths'bills:—. liondon Pariß. ' Berlin rate, ra,to. -rate.' percent, percent, percent. This week 41546 .33 ' 4J, ' Last week 5 . 3J ■ 4j Last year 33-3- ■ 33t8 , 43-8. Short loans are quoted •at 35 per cent., aa against 4i pel- oent. last week, and" 2J per csat. last year. ' COLONIAL AND OTHER PRODUCE;. - Whoati—The :.mait!ets ■ generally are dull with a weather in the Argentine lß;a.'sefipus' factor from tho bears' standpoint;'3Bs. ,BJd. per quarter is offered for january-Febi'ufl.T'y'.Slii.pm'cnt, .vliiverp'bbl' futures, December-March ' deRVefy, 7s,V 68d. per cental; May delivery','. in, ? m, ■ ■■'■' :'• •-■ ; ..' ■ , ' .;Austtaliaii.on- spot ,is in .Email ...feiipply, <aid,-is nominally..4ls..-to :41b< 6d'.,V parcels, on., to LdndonaiTaioffered' ft.ti.3£s. 5d.; hew-crop potce'lu, DeceDi'hef-lauuary, are'selling at 375..3d, .New Zealand whenV .- is - dull, and stocks, are heavier; best is quoted at 395. Flour has -poor-inquiry, Australian, is . quoted at 265. per eaek. of 2801b. «x store;, 275. is offered for new crop's flour.. Oats.—There is little demand, "A" grade Gartons, on passage, are quoted at 255. Bit. nor quarter Of 304; La Plata, new crop, December-January, 16s;- IQJd. Beans have'fair Inquiry, and are nominally 38s. 6d. per quarter of 5041b. ex store. Peas.—There is libtlci doing, ■ Butter continues dull, owing to the large Home and French supplies. . Considerable quantities of Siberian have; been cold stored. Australian : choicest is soiling at life., to ilßs., and . occasionally .at l?os.v Bosomdarics aro ■ very slow-- of -s;tle at i!2s. ■to 1145.; Danish is quoted .at 1275. to 1295.. Cheese is. quiet. Danadiari, 6Js. to. 655. per c^vt. beet, 86 per cent, net tjtfe, l}d. higner, at 9s. sd.' per cwt.; first marks' granulated, to.b. Hambnrrg, Id. higher at . lis; li. ■ ... Bradford Tops.-rThero is, a brisk inquiry for merinos, and prices, are as quoted last week. Orossbreds are quiet..THE METAL MARKETS. Oopper.-On spot, £7'6 J2a. ■ 6d.; three months,'£77 ssi per toa. Tln'.-Oti spot, £229; three months, £229 6s. per ton. ■ Lead.—Soft foreign., £18 6s. Spelter, JE27 7s. fid. Plg-tton. 663. lQid.