COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1607, 26 November 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES. There were no transactions in investment shares yesterday. The quotations were as under:—. Buyers. Sellers. £ g. d. £ s. d. N.Z. Loan and Mercantile 2 10 — Feilding Gas — 10 6 • We!!. Gas (second issue)... 15 12 6 — ■•Well. Gas (third issue) ... 10 0 14 15 0 Well. Gas (pref.) 10 0 — N.Z. Shipping 14 0 0 — Union Steam 2 9 6 — Well. Woollen (ord.) 3 14 6 — Hikura-ngi Coal 0 18 0 — Westport Coal — 17 0* Leyland-O'Brien — . 17 0* Taringamutu Totara ...... 2 6 0 — Golden Bay Cement 10 6 11-0 W.F.C.A.. - 7 5 0 'Ex-dividend, j LONDON WOOL SALES. The last of the series of the wool sales for the year will begin in Coleman Street., this evening, a.nd the total quantity of wool to be ofTered is recorded an 97,M0 bales. The figures compare with the corresponding rale of last year as under:— Nov., Nov., 1912. 1911. Bales. Bales. New arrivals 130,000 144,500 Less forwarded direct 48,0C0 . 42,000 90,000 102,500 Brought forward 7,000 . 26,000 97,000 128,500 There'3s a smaller quantity available as compared with last year, and the decrease is substantial. It is needless to say anything about the market prospects, for, as everyone knows, an advance is expected. Crossbred wool will certainly liave a bit; advance—it should be at least 10 per cent, at tlie opening, with a probability of it going beyond this towards the close. A rise in wool is just, what New Zealand needs at the present, and if. there is an advance of one penny per lb. it will mean about three-quarters of a million sterling on tlie new clip. It will not ho until about mid-day to-morrow that the cable messages will reach hero giving details of the market movements, and the rise or fall will be cn the closing prices of the last sales, which were as under for New Zealand wools :— Scoured— d. d. Good i 21 to 22 Average' 18 to 19 Greasy— ■ Superior 12J to IS} Average to good .... 10} to lIS Inferior 9 to 10 ■ Crossbred, fine 13 to 14 Crossbred, average... 10$ to 11J Crossbred, low 9 to 10J Crossbred, lambs ■... 9i to 105" Slipe— Haifbred 14 to 15 Lincoln 11 to 12 Customs duties collected at, the port of Wellington yesterday amounted to £2153 Os. 9d. HIGH COMMISSIONEK'S CABLES. The Department of Agriculture, Industries and Commerce has received the following cablegram from the High Commfejioner for New Zealand, dated London November 23 (quotations, unless otherwise specified, are average markot prices on spot):— Mutton.— I The markot is steady, with a very good demand for best quality. ' A great nmnbor of stale carcarssß of mutton are being placed on the market,. No change in prices, viz.:—Canterbury, 4£d. per lb.; North Island, 4Jd. There is no prospect of an advance on account of fresh Jiiver Plate selling at 4d. to 4f,d. Lamb—There has been no alteration in the markot since last week, anil there is a limited demand. Some very (,'ood quality amongst the new arrivals of AustralituiCanterbury. 5Sd. per lb.; other than Canterbury, 5 3-Bd. Beef.—Thorei are signs oi improvement in the market: a moderate supnly nt'chilled. New Zealand liinds, 3 3-Ed. per lb.; fores. 2?d. Butter.—The market is very depressed. Buyers are holding back. The average price for the r.eeli for choiccst New Zealand, per cwt., ii ,114s. to 5.163.; Australian, Ills.; Argentine, 1093.; Danish, 1295.; Siberian, 1275. The shipment of butter and 1 cheese arrived in good condition ex the s.s. Corinthie. Cheese.—Tile market is dull; there is less demand. The average price for the week for finest New Zealand, per cwt., is 60s. to 61s. Hemp.—The market is depressed on' account of advices from Manila, heavy receipts, and speculative operations. Nov; Zealand good fair fr.ide. per ton, £32 to £32 lCs.; fair grade, £30 lfti.' for all positions, Fair current Manila, spot, £32. Forward shipment, £33. The output from Manila, "or the week was 33,000 bales. Wool.—The market is stronger. Currentquotations for Bradford lop!:~3G's low crossbrerto, Ig. 3d. per lb.: 40's low crossbrcdis, Is. ojd.: 44's medium crossbrcds, Is. ■4?d.; 50's . lialtbrcds, Is. Ed.; £6\< quarterbredis, Is. lid.; 60's merinos, 2s. 3;d. Kauri Gum.—'The market is quiet, with no alterations in prices. Nothing offered at Thursday's Gale. Stock, October 30, 298 tost,

NAPIER WOOL SAJjES. (By Association.) Napier, November 35. It is expected that the catalogue for the first wool sales 3text Monday will comprise about 12,000 bates. FROZEN MEAT. By Telegraph—Press Association—Copyright London, November 24. Th© Incorporated Society of Meat Importers' Smithfield market quokitiouis for the undermentioned classes of frozen meat are based on actual sales of not loss than one hundred carcasses of mutton or lfimb, or twenty-five quarters of beei of fair average quality. The quotations arc not for eelectcd lines, but for parcels fairly representative of the bulk of the shipments now on the market. The prices which foliow are on the average a farbhing per lb. more than the values ex ship, thi3 difference representing an average cost in expenea, handling, conveyance, and selling the meat Nov. 16. Nov. 23. Mutton— d. d. Canterbury, light *13-8 4 3-8 Canterburyi medium 4 3-8 4 3-8 Canterbury, heavy * # Southland 45 North - Island, best North Island, ordinary 4 7-16 4 7-16 Australian, light 4 4 < Australian, heavy 4J 4§ River Plate, light • v * River Plate, heavy 4 41-16 New Zealand owes 4 4 Australian ewes 33 33 River Plate ewes * * LambCanterbury, light 5-1 53 Canterbury, medium sjj 55 Canterbury, heavy 5 5 •Southland 5 5-16 5 5-16 North Island, ordinary... 51 5J North Island, selected ... 5 5-16 5 5-16

Australian, best " * Australian, fair * • 'Australian, inferior * * llivor Plate,/first * ■> * River Plate, second * / • BeefNew Zealand, ox fores ... 21 215-16 Now Zealand, ox Muds... 33-8 3 3-8 Australian, ox fores 211-16 213-16 Australian, ox hinds 3fi 3J River Plate, frozen forea 23 2? River Plate, frozen hinds 35 3 3-8 River Plate, chilled fores 211-16 35 River Plate, chilled hinds 4 4J ' 'None offering. RABBITS. The market is quiet, and prices are unchanied. English rabbits are in plentiful suipply. WHEAT AFLOAT, x London, November 23. Shipments of wheat and flour afloat on Novotnber 23, a week previously, and a year previously, were:— 1 . Nov. 23, Nov. 16, Nov. 25, 1912. 1912. 1911. Quar- Quar- Quarter*. ters. ters. United Kingdom... 2,695,000 2,745,000 2,595,0C0 Continent 2,380,0C0 . 1,825,000 1,305,000 5,075,000 4,570,000 4,200,000 Tho wheat shipped from the Atlantic and Pacific Coasts of North America during the past week, the previous week, and the corresponding week of Inst year is estimated by "Bradstreet's" to bo:— Atlantic Coast ... 565,000 434,000 388,000 Pacific Coast 35,000 70,000 40,000 j 600.000 504,000 428,000 The quantities of wheat and Hour shipped to Europe from the countries enumerated were as under:— Argentine 13,000 not given 35.000 Russia 235,000 not given 200,000 Danubian States ... 200,000 not given 74,000 India 116,000 not given 77.000 Australasia 16,CC-0 . 37,000 68,000 ' 580,000 455,000 Total shipments to Europo from all exporting countries for the past week, totalled 2,085,000 auartors, against- 1,300,000 quarters last week, and 1,185,000 quarters for tho correspondins week of last year.