COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1631, 24 December 1912, Page 10

COMMERCIAL ITEMS.

Onrrtorrra duties .collected at the port of Wellington yesterday amounted to £2203 Js. lOd.

COMMERCIAL BANK OF ATISTKALIA. (By Telegraph— Special Oorrcfipondouc) Auckland, Dccombcr 23. Considerable interest in business, anticommercial circles will attach to tho announcement that a, new bankinrr institution 1b to bo established in Auckland, at tho cgnuaaaccmcjit; of, ttw Kew. I'eat, Tho

bank, which i« (he Commercial Hunk of ■j\iMtrcili;i, recently decided to operate in New Zealand, end n, month or' two ago headquarters were established in Wellington. Last week Mr. E. P. Yalilwiu, the New Zealand manager, was in Auckland arrajiffing for the opening of .1 branch of the bank in Auckland. PrenrJEoa in fihorN land Street have been secured, nnd the Auckland branch of the bank will be opened early in January. CHEAT JMBICET. Messrs. Slcllsop, Eliott. and 00., agents for Jloa»ra. Gilbert, Anderson and Co., report, under date November 15:—A firmer tone in all classes of meat—due to a largt extent to the rather shorter supply of Home-grown and Continental—has to bo reportod. A better'inquiry for New Zenland lambs has eprung up, and gilvcn good trade and favourable weather, liiuher prices are in store. Jlonic-Erown: Scotch beef (lons aides), 63d.'to 7d.; Enfflfeh, &'• to 6?d.; Irish. 4id. to sJd.;'Scotch mutton, 6?d. to 7>d.; English, S\d. to 6Jd.; Irish and Dutch, <Kd. to's3d.; Scotch togs, 7d. to 73d.; Scotch lamb. 7d. to 7}d.; English. Cd. to 7d.; Irish and Dutch, 5Jd. to 6»d.; pork, 73d. to Bd.; veal, 7Jd. to 9d. Chilled beef: Prices have been forced, up. but the trade is lifeless; hinds 4d., fores 3d. Frozen benf: With hinds so cheap, fores o<ro neglected, although nominally higher than last week. Now Zealand hinds 3 3-Bd., fores 23d., Australian 3Jd. and i li-Kd., .River Plate 3Jd. and 23d. Frozen mutton: Prices havo advanced further owing to the limited supply available. A few Canterbury*? have changed hands at to 13d.: Southlands and best New ZcaJands are 4Jd.; ordinary brands, 4 7-16(1.; ewes, 4d.; Australian owes, 3gd.; Plate 4d\ I'rozen lambs: There is more animation and buyers are coming 'forward for'lambs In store. New season's Australians have mado their appearance; they are of very poor ouality, and only fetch 5Jd. to 5Jd. New Zcalande remain, Canterbury 5;1d., 42 to 50 5d., Southlands nhd'bost New Zealand 5 5-16(1.. ordinary SJ(I. ! Laniilis under 361b. are in special request. Advice of Monthly Frozen Meat Shipments.

HIGH COirEISSIONEE'S CABLEGRAM. TliQ Department of Agriculture, Industries, and Commerce has received the following cablcerartt from'the High Commissioner for New Zealand, dated London, December 21. (Note: Quotation)!, unlccft otherwise specified, are average markot prices on spot):— Mutton.—The market is very, firm owing to short Biipply. Canterbury, average price, 43d. per lb.; North Irlnnd, 43d.; Argentine, 4 3-Bd.; Australian, 4jd. Lamb.—The market is firm. There is a good demand for all v gunlittee. Canter bury, average price. 53d. per lb.; other ausLitkfi, s§d.; Argentine, 5 3-Bd.; Australian, 5 3-Bd. ' Beef.—Jtn.rket firm with hardening tendency. Nov/ Zealand kindouartors, average price. 33d. per lb.; fores, 3fd. Butter.—Market quiet with tendency in favour of buyem. Christmas demand luw reaped. Trade will be quiet until after the holidays. Now Zealand, first grade 116s. to 124;. per cvrt.; Australian, llffi.; 1155.; Siberian, 110s.; Danich, 131s. Ohsc-as.—Market buiot. Little doing, but b, good fooling prevail*. New Zealand white. Gls. per cwt.; coloured, 625. • • Hemp.—Market staady and prices well irwi.intnined. Fn.ir demand continue. Good fair. £33 per ton; fair grade, '£31 lfiv. any position. Manila: Pair current, .ft! 3 per ton; forward shipment, £34 10s. The outnut'from Manila for the vrtok was 13.CC8 bale*. Wool.—The market remains firm. ' Wheat—Now Zealand, loni-berricd, es grsjiaiy, 365. Ed. p-r (inartsr of 4961b. Kauri Gum.—Dark brown, selected, £4 to £5 per tin: dark brown chips, dreusy, £1 10s. to £2 !&;.; rawraped pile ember. £10 to £11; three-ouortcr pale scraped, £3 Km. to £3: digger.*' chips, rood, £?, to £3. ir,i-r----ket quiet, 'but mod«rnt« birajiess doing. Stock at end of November, IC7 tons. sheepskins;.: The Bank- of New Zealand has ; received .the following cable advice from ite London office, dated December 20:'"The market is strong for all kind* of sheepskins. Prices ore 7a per cent, to 10 per cent, higher." FROZEN MEAT. By TelecraDh—Press Association—Copyright London, December SI. • The Incorporated Society of Moat Importers' Kmit.hfield market quotations for. the . undermentioned classed of frozen meat are based on actual sales of not less than onehundred caroaaso.- of mutton or lamb, or twenty-five quarters ol beef of .fair >\rer>' mjc duality. The quota," ji/s are not fores; looted linos, Imt for ,>aiccln fairly rcprerentotiTo of the bulk of the flhipments now on the market. The prirca which follow ore on the average a fftrthjn.v per IK more than the. values ox ship, this difference representing an average cost in expensi, handling, conveyance, and telling the meat:— Dec. H. Dec.2l. Mutton— t. A. Canterbury, light 43 5 Canterbury, medium .;.... 43 ■, 6 ~ ■ . Can"Tfliiry, heavy ...„.....••" 4 Southland 43 *' North Island, best 43 * North Island, ordinary ■... 43 * Australian, light 4j * Australian, heavy 4J * Itiver Plate, light * • li.ivor Plate, heavy 4i * Hew Zealand ewes 'J » Australian cwos 4J » Kivnr Plato ewes •* ~ • Lamb— Canterbury, light 53 53 Canterbury, medium * 53 Canterbury, heavy . .* ■ 6J Foufchlnnd 51 * . North Inland, ordinary .. 5J ' * North Island, selected ... 51 * Australian, best * * Australian, fair * * Australian, inferior ...... * .* . ... Itiver'Plato, first ....'. * * Itiver Plato, second • • Beef- t ' ' , New Zealand, ox fores ... l\ . * New Zealand, ox hinds... 33 • Australian, ox fores Z\ * Australian', ox hinds 33 * IMvcr Plate, froien fores 3J * Hirer Plato, frozen hin&i 311-16 * Biver Plate, cliilled fores 31 3J Itiver Plate, cliilled hinds 4| 5 ■ 'None offering. THE POTATO MAKKET. (Eec. December 23, 11.10 p.m.) Sydney, December .23. Potatoes have further advanced in prico local supplies being quoted at £10 per ton and Tasmanian at £11 IDs.' • . DREDGING. (By Tolegraph.-I'ress Asßooiatlon.) _, Roofton, December 23. The New Big Elver returns for three weeks show 58Ct03. from 500 tons; and battery _ cyanide, 1460z. from 500 tons. The cyanide, has an approximate value of £2500.

Frozen Chilled Mutton. Lamb. beef. : beef. October, 1911 ... 327,827 2«.739 153.027 .203,822 October, 1912 ... 374,653 143,950 303,000.175,000 Shipments Dining November. 1512 (to date). New Zealand — — — — Australia "115,500 118,500 9,500 - River Plata ... 5,750 13,500 41,000 61,500 173,000 132.KO 50,500 -