COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1619, 10 December 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES. | The in-vcstmcnt. share market was com- ( parat.ively quiet yesterday. A sale of Ward | . arid Co.'s shares at £5 Is. \va-s the only ■ transaction recorded. The quotations were ] as under:—' i Buyers. Sellers. ) £a. d. £s. rt. i Eauitablc Building — ;9 16 0 ] N.Z. and River Plato 2 10 — i Well. Trust and Loan ... — 710 0 1 Foilding Gas ... — 10 6, Napier Gas — 11 0 0 j S.B. Insuranco ; — 514 0 Meat Export (£4) — 5 0 0 . Meat. Export (525. 6d.) ... 217 6 218 6 ■ . N.Z. Shipping 14 0 0 .--- . Well. Woollen (ord.) 3 15 0 3 16 0 ■ Well. Woollen (pref.) 2 17 0 - Hikurangi Coal 018 6 . 019 6 Taupiri Coal 12 6 13 0 Leyland-O'Brien 1 6 9 1 7 3! Tanngamutu I'otaja 2 7 0 2 8 0; Golden Bay Cement 10 6 1.1 0 1 Sharland's ordinary — 1 1 0 | Ward and Co., Ltd 6 10 — PROSPEOTS I'OE WOOL. ; The wool' prospects appear to be of, the i very best character. It is reported by ' cable that the principal manufacturing : centres are extremely busy. In America the mills are very busy, and this'ican be understood, for the United States lias harvested one of tho largest of crops of cereals. This will mean- a vast income for the farmers,; all of which-will be spent .as i the Americana know how to spend. What- i ever may be the direct or indirect cause ■ of tho improvement in wool, the fact remains that the wool-growers of Australasia will have a very profitable season. i UNION STEAM SHIP CO. ! | DIVIDEND FOR THE YEAR. (By Telegraph.—Press Association.! Dunodln, December 9. At the annual meeting of shareholders of ■ the Union Steam Ship (Jo. to-day, a dividend of 9id. per 6ha,re was declared. This, with the interim dividend paid in May, makes 8 per cent, for the year. A bonus of 21 per cent, per share from the insurance fund was also passed. ' HIGH COMMISSIONER'S CABLEGRAM. The Department of Agriculture, Indu& . tries, aid Commerce, has received the following cablegram from the High Oommis- . sioner for New Zealand, dated London, December 7, 1912. (Note—Quotations, unless otherwise specified, are average market prices oil epot):— Mutton.—The market is firm, with, a har- : dening tendency. High prices are restricting business in the maiket. Moderate sup- . ■ plies are coming forward. Canterbury, : 43d. per lb.; North Island, 43d. 1 Lhmb.—The market is steady and holders aro firm. Canterbury, >sisd. per lb.; other [ than Canterbury, 55d. , Beef—There is a better demand. New : , Zealand hinds, 3Jd. per lb.; fores, ,3|d. Butter.—The market has advanced l . It 1 1 iB difficult to decide the cause, but opinion : is traders consider it advisable to secure - . snre supply of first-class auallty for ohri6t ; mas trade; also belief becoming more genei ral than colonial choicest will be in small I supply. Choicest New Zealand per cwt., 118s. to 1225.; ordinary quality, 112s. to 1165.: Australian, life; Argentine, 1125.; ' Danish, 1295.; Siberian, 108s. Cheese.—The market is steady. There is a better demand. Lower prices are encouraging business. The average price for the week for finest New Zealand cheese is; White, 60s. 6d.; coloured, 61s. 6d. per owt. , Hemp.—The market is quiet, but steady. Now Zealand good fair grade, per ton, £33; fair grade ,#3l 10s. for any position; fair current Ma.nila, £32; forward shipment, £34. The output front Manila for tho weekwas 18,CC0 bales. Wheat—The market is dull on account of heavy . arrivals. Now Zealand longborried, ex granary, per quarter of 4961b., 385.; shortberricd, 375. Oatsi—The market is nuiet. but steady. A . large supply. Xew Zealand short sparrowi hills, ex granary, per quarter of 3841b., 255.; . Danish, jicr quarter of, 3201b., 235. Beans,—Tho market is firm, with more Inquiry, Now Zculmd f.11.q, (B9TT CMS], nor M4ID. Ms. (4»

Pons.—'Rio market is weak and inactive. New Kcftslnnil (partridge), per E0411i., 38s. Oil. Itiver l'lato shipments received during tlio mouth of November, 1912:— Jfntton. Lamb. London 135,622 27,947 Liverpool 74,363 16,?.44 Cardiff 8,272 ICO null 30,000 - Southhampton 20.143 3,0C0 5,000 — 253,400 46,391 FROZEN MEAT.'. By Telcsr.iph—Press Association—Copyright London, December 8. 1 The Incorporated Society of-Meat Importers' Kmithficld market quotations for the uiidormontioncd clanscx of frozen meat arc lutf.cd on (ictual sales of not, less than ono hundred earcOGSCH of mutton or lamb, or tvronty-flvo iiuarters of licet of fair nvcr-a-go quality. The quotations are not for selected lilies, but for parcote fairly representative of t,he balk of the shipments now on the market. Tho prices which follow arc on the average a fui-tliins per 111. more than the values c.v ship, this difference rcpiTHfliiting an average cost in expense, handling, conveyance, and soiling tho meat -.— Nov. 30. Dec. 7. Mutton— (i. (1- ' Oautorbury, light 48 43 . Canterbury, medium 4j 4? - '(i'iiiil<nrkui-y, heavy * " , Kouthlnnd 4J 411-16 North Island, best d 411-16 North Island, ordinajy... 4 7-16 411 Austral/an, llffht 41-16 4i Australian, heavy 45 41 Jtivcr Plato, lieht * ' Itiver Plate, hoavy 41-16 43-16 Now Zewlana owea 41-16 4J Australian owes 4 4 Klvor l'lato owob • • Lamb— Oantorbury, light — — Canterbury, medium — — Oantorbury, heavy — 1 — HouthAniid S.'-f 5 3-8 North Island, ordinary ... 6 3-16 6J North Island, selected ... 53-8 5 .-8 Ansfraliiin, host, 5\ 5C Australian, fair 51 5 3-8 Australian, inferior 5 5J Klvor l'lato, first * " . Itiver l'lato, second • * HoofNow Zealand ox fores ...... 3 ity N Now Zealand ox hinds ... 37-16 3J Australian ox fores 213-16 31-16 Australian ox hinds 35 35 Klvor l'lato frozen fores 3 3)j Klvor l'lato frozen hinds 33-8 35 Itiver l'lato chiilcd fores 35 35 Itiver l'lato chilled hinds 4 3-8 4J *Nono offering. " • HARES, AND' RABBITS. Thoro Is a moderate supply, but prices n.ro tending downwards. Hares are dull at about 2s. 6d. WHEAT AFLOAT By Tolcgraph—Press Association—Cocyrieht ' . London, December 8. i Shipments of wheat and flour alioat on December 7, a week previously, and a year previously, wore:— - Dec. 7, Nov. 30, Dec. 9, 1912. 1912. 1911. Quar- Quar- Quarters. tors. ters. On,ited Kingdom... 2,340.000 2,710,000 2,216,000 Continent 1,925,000 '2,715.0E0, 1,260,K0 4,265,0C0 5,425,000 3,546,000 Tho wheat shipped from the Atlantic and Pacific Coasts of North America during the past week, the previous week, and the corresponding week of laot year is estimated by "Bradstroct's" to be:— Atlantic Coast ... 520,000 531.0C0 251,000 Pacific Coast ' 15,000 35.CC0 15.CC0 535,000 566,000 266,000 The quantities of wheat and flour shipped to Europe from tho countries enumerated were as under:— Argentino — - .j^rKjO Russia — ~ ?[?•??? Danubion States ......... — —. 181,001) India — — 121,0C0 Australasia 6,CCO 16.0C0 97,000 ' ! 724,000' Total shipments to Europe from -.all exporting countries for the past week totalled 1.225,000 oua.rters, <i<ro.in.3t 1,400,000 quarters last week, and 1,125,000 quarters for tho corrcoDondinj week of last year. •; SYDNEY PRODUCE MARKET. ' (r,ee. December 9,. 11.5 p.m.) Sydnoy, December 9. Owing to the heavy arrivals, potatoes have eased, and local-grown are quoted at from £10 to £11: and .West Australians at £13. Oaione, local-grown,, are quoted at £5 lie.