COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1617, 7 December 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHABES. In the investment market a sale of Taupiri Coal shares, at 225. 6d., was the only transaction recorded yesterday. The quotations were as under:— ~ . Buyers. ■ Sellers., £ e. d. £ a. <t; Bank New Zealand 11 0 0 — Equitable Buildfng — 916 0 N.Z. and Kivar Plate 2 10 — Feilding Gas ' ...: — . 10 3 Napier Gaa-(£10) - 2210 0 Napier Gas (£5) ■ — - 1). 0 0 PaJmerstom Gaß B 16 0 — National Insurance ....... 2 0 5 — 8.8. Insurance — J 14 0 Meat Export (£4) — .6 0 .0 Meat Export (525. 6d.) — 2 18 6 N.Z. Shipping U 0 0 — WeU. Woollen (pref.) 2 17 0 - Hikurangi Coal 0 IB 0 — Taaplrl. Coal .; 12 3 — ■ Leyland-O'Brien 16 9 — Taringamutu ■ Total® ...... 2 6 0 . — Golden- Bay Dement ....... — 1 1 1 0 N.Z. Drug - } 10 0 Shartad's ordinary — •>■ 110 GEAR MEAT COMPANY. The annual report of the Gear Meat Ptaserv.injt. aad Freezing 00. of New Zealand for the year ended November 30 states that, including the amount brought forward, and after malting allowance for depreciation and payment of Interim dividend, theTC remains a balance of £16,459 13s. 10d„ which the direotora recommend for appropriation as follows:—In payment of a dividend of 10 per cent. lor tho year endod November 30, less interim dividend at 5 per cent, paid in June, £46Cfl; .to bo carried forward to next year's account, £11,859 13s. lOd.; total, £16,459 133. lOd. Owing to the satisfactory, result of opelations in connection .with the cor.-.pany's insuranco reserve, the. dirootors recommend the payment of a bonus of 5 per cent, on the paid-up capital out of that account. The retiring directors are Messrs. J, H. Blair and N. Boid, who. being eligible, offer themselves for reflection. The auditors, Messrs. K. T. Badham and E. ■ W. Hunt, also offer themselves for re-election. X'lifl ivnnnp.l mooting if to .be held »t the I oompan/t offloa, lainbton Quay, on DoesxaetK li Sba jwflt csd lost ecooa&t

show* that the receipts from sales, mnnrifaoturca, inve&tmente, ctc., totalled £49,629 §5. 4d., transfer feos realised £7 17fl. 6d„ and there was brought forward from tu« previous year £10,887 Os. 3d., making a total of £60,524 7fl. Id. Tho espouse© undor oill heads totalled £14,464 13a. 3d., and the itcces> eaiy additions to the reserves absorbtfl £25,000, leaving ■ availaMo a balance of £21,059 13b. lOd. Tho dividend for tho ycor of 10 per cent, absorbs £9200, <uid thoro remains £11,859 13a. 10d. to be carried forward. Ourtdma duties collected a£ the port of '"WciliiigTbon yostordw-y nmomiteil to £1346 Is. lOd. BUTTER AND OHEKSK. (By Ifclojraph.—Pross Association.] • New Plymouth, December 6. A. cablegram rcooived from London this morning gives 1225. per owt. ne tho epot value of the finest New flwuaud butter, salted and unsalled. The market is firm, with an upward tendency. Finest cheese, whits or coloured, 615.; market firm. GRAIN MAItKET. Chrlstchuroh, December 0. • There is grreat scarcity of offerings, of grain, though thoro- is Rood inquiry by millers for pwtrl and hunters wheat, in view of the lateness of the coming harvest holders of grain are not anxious to sell, and tiiore. is not- cxpect-cd to bo any improvement iii the ma-rket until after the Christnwia and New Year holidays. Bueliicgs in other lines also is very • restricted. The' general complaint beins that there 18 nothinff doing:. ' BANK OF ENGLAND RETURN. By Telogra.ph—Press Ansoci&tion— ; (Reo. December 6, 9.25 p.m.) Londoni Deoembor G. The Bank of England return issued for the week ended Wednesday, December 4, 13 as under:— Issue Depa.rtmkxt Kotolisue £53.718.000 Gov. debt 511,015,000 Other Boourltlos 7,434,000 Gold. 35.299,000 £53,748,000 ■ • £53,743,000 ■ Banking Department. Proprietors' Govt, soouricapital £14.563.000 tios..; ... £13,035,000 Publiodo- Other securiposits ...11,876,000 1i05... ... 80,885,000. Other deposit! ... 40.540.000 ' Notoi ' ... 25.143,003 Refit, 7-day tild othor bills... ... 3.213.003 Coin 1,117,000 £70,152.00J £70.182,000 The leading items of the Bank of England return afford the following comparison:— Thiswook Last weok Last year £ • £ £ Bullion ... ... 35.200,000 30,514.000 36.171,000 Reserve 26.262,000 27.024.0W) 2G,753.t'00 Note circulation 28,603,003 56.31!!.UM aS.'flß.O'J) Public Deposits ll'.87(j.000 13.150.000 11.454,030 Other Deposits 40,540,000 41.753.0JU 30.5-17.000 Proportion oi reserve to liabilities6o.oß 50.81 62.45 GOVERNMENT SEGUKITIES. The following are tho latest quotations for Government securities! with a comparison of those ruling last week:— Variation _ compaiod rrica, with • _ • last weok. £ s', d. 25% Imperial Consols 75 6 0 22/S higher 4 ~N.8.W.1833j9,n.-July 102 0 0 20s lowor--34 „N.5.W.1D30-50i1r.-Sp 91 0 0 110s lswor 3 ,N.8.\V.1930 Apl.-Oot, .84 0 0 Unchanged 4 „ Vic. 1920 Jan.-July .100 0 0 40s lowor 3j „ Vic. 10jO-49 Jau.-July 31 0 0 20a higher s; ~Vic. IK9-19Jaa.-July •78 0 0 20s lower 3i „K,A. 391G Jan.-July 94 0 0 Unchanged 3; ,B.A'. 1916 Jan.-July 76 0 0 Unchanged . 1 „QTdl9ls-24 Jan.-July 100 0 0 40s lower 35 „ Q'l'dloil-30Jan.-July 83 10 0 £0s lower 3 : „QTdlß2i47Jan.-July 79 0 0 20s lower 4 „N;Z, 1923 May-Nov. ' 103 0, 0 Unchanged 34 „N.Z. 10JO Jan.-July 01 0 0 20s lower 3- ~N.X. 11145 April-Oct. 80 0 0 Unchanged 3i „ W.A.19-20-40 -1 0 0 Unchanged; 3; „ W.A,1915-35'day-Nov 81 0 0. Unchanged 85 ~l'as. J&lOJau.-July WOO 2Cs lower 3 „Tas. 1025-40 Jan.-July t3 0 0 20s lowor

■ BANK RATES OF DISCOUNT. ■ Tho. Bank of England rate was, on January. 27, lowered to 4 per cent., on Fobruary 16 to 3J per cent., and on March 9. to 3 per cant. On September 21 it was advanced to 4 per cent., on February 8 it Was- reduced, to 31-pcr 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 Franco rate "was'reduced from 3* to' 3 per cent, on January 23, 1908, and continued at the latter Bguro until September 21. 1911, when it wa6 raised to 34 per cent. On May 17, 1912,. it was re-, duoed to 3 per cent., on October 17 it was raised to 3i per cent., and on October 30 to 4 per ccnt. Tho Imperial Bank of Germany reduced its rato from 5 to 45' per cent, on February 6, and on February 19 tho rate was further reduced to 4 per cent. On September 19, tho rato was raised to 5 per cent., on June 11, 1912, it was reduoed to 4J per cent., on October 24 it was raised to 4J per .cent., and on November 14 it was raised to 6 per cent. MARKET RATES OF. DISCOUNT. ' The following are the market rates for best three months' bills:— London Paris Berlin '. rate. rate. rate. . .percent, percent, percent. ; This week 4 7-16 3J 6 ; Last woelt 43 3j . 6 Last year 3J 3J 4J . Short loans are quoted at 33 per cent... as against 3 15-16 per cent, last week, and 3 per cent, last year. . , COLONIAL AND OTHER PRODUCE. ■Wheat.—The market is steady and tending firmer, owing to reports of damage in Southern Argentina.. Australian, JanuaryFebruary shipment, 363;. 9d„ March-April 365. .Gd. Liverpool futures, .December "delivery. 73. 3}d. per cental; March- delivery 7s. 3Jd.; May delivery, 7s.- 2d. . Australian, on 6p6t, is in fair' supply, and sellers are asking-4CS.;-New Zealand is dull'Of sale.a-t,375.,;.. . Flour.—Australian Patent is quoted at 28s. 3d. per sack of 2001b., ex store. . Oats.—The -'market is flat, owing to ezccssive supplies. "A" grade 'Gortons, on Bpot, are' nominally' at 2&.' 6d; to 275.; Suarrowbills, 255. 3d. to 255, 9d. per quarter of 3041b.; La Plata, December sliipment, 16s. I ~ Beams are in- good demand at 39a. (kl. per quarter of 5041b., ex store, and 335. 6d. on pa.ssagc. - ■

Peas are dull and stocks- are larc;e. Butter.—The. Morea's shipment of butter arrived in. excellent condition. There is a good demand for all clioirest. but a poor inquiry for secondaries. Banish, is quoted at 1283. to 1315.; ohoicost'Victorian, 114s. to llfa.; New-'South Wales, 112s. to lWs.; Queensland, 110s. to' '1125.;- New Zealand, 1203. to 1235.; Argentine, 110s. to 1125.; Australian second/oxies, 106s. to 108s. Cheese is firm. New Zealand whits is quoted at 61s. and coloured at 625. Baoon is steady. Bugiair.—German beet,. B8 per. cent, not titre, Id. higher, at 9s. 7d. per cwt.; fir?t marks, granulated, f.o.b. Hamburg, Id. hicrher. at lis. 9d. Bradford'Tops.—The market is very firm and business is restricted. Sixty-fours, Sd. higher, at 291 d. per lb.; super sixties, Id. higher, at 28Jd.; common sixties, sd. higher, at 2Vid.; flfty-siies,. Id. higher, at 23d.; fifties, id. higher, at 21Jd.; forty-sixes, Id. higher, at 17id.; forties, ljd. higher, at 17d. THE METAL MARKETS. Copper—On spot, 30s. lower, at £75 2a. 6d. per ton; three months', 17s. 6d. lower, at £76 155.: electrolytic, £81 12s. 6d. Tin.—On spot, 10s. lower, at £226 10s. per ton; three months', 20s. lower, at £225 IDs. Lead, soft foreign, unchanged, at £18 2s. 6d. par ton. Pij-lron.—Middlesboro' No. 2, sd. lower, at 67a. 3d. per ton. Spelter, ss. higher, at £26 l&s. per ton. SUvesT-Bar silver is quoted at 29Ed. per standard. LONDON WOOL SALES. By Tolezraph—Press Aesociatloii—Copyright London, December 5. Competition at the wool sales is. most animated. Prices are fully maintained. . Buyers on Yorkshire'" account are operating most keenly. SYDNEY WOOL SALES. Sydney, December 6. At the wool Boles yesterday greasy wool pirioea made the record 1 since 1899. : JUTE. London, December 5. Jute—Native flrrt marlss, December-Jan-uary shipment, £25 2s. 6d. per ton. MELBOURNE WOOL SALES. Melbourne, December 6. During the week competition at, the wool eales was very ltosn and well distributed. All classes closed firm, about 5 per cent.'advanoe. VICTORIAN PRODUCE MARKETS.' Melbourne, December 6. Wheat, old 4s. Id., new 3s. 7d. Flour, £9 IDs. v Oate, Algerian feeding, 2s. lCd.' to '3s. Maim:, 4s. Old. Bran, £6 6s. Pollard, £7. Potatoes, £8 to £10. Onions, £6. A cold is quite a paradox, Because it makes you hot, It makes your nose red as a rose, And head boil like a pot. But ere it reaches boiling point, If you use it's subduer. It toon vrill fly, awitted or 1 Woods' Great Fiaoeiaust Cur a. 83*