COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1662, 31 January 1913, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES. The 6alcs recorded ycetcrdny were National Uanli, at £6 2s. 6d„ and Kalanoi Woollen preference, at £5 <ii. The quotas tions were as under;— Buyers. Sellers. £s. d.. £s. d National Bank 616 6 J 0 Bank New Zealand .: 11 ! I — N.Z. Loan and Mercantile Ute.) . 0 9 0 - N.Z. Loan and Mercantile (205.) - 0 IB 8 N. 7,: and -River Plate - 2 10 Well. Investment — 011 6 •Well. Trust and Loan ... • — ' 7 8 0 I'ciiding Oas — 10 3 Napier Gas - 20 0 0 Well. Gas (pref.) - 1 0 '3 National Insurance 2 2 6. — N.Z.., Insurance 416 0 - S.U.- : 'lnsuraiiee — •?« 0 Meat Export (£4) - 4 9 0 Meat Export (52g. 6d.) — 2 17 J Union Steam 2 6 0 2 7 0 Well. Woollen (ord.) 3 15 6 3 16 3 Well. Woollen Ipref.) - 217 J Westport Coal 1 7 '0 — . .Golden Bay Cement - 1 0 a N. 2. Drug : - 2 10 0 Sharkind's ordinary — .■1 .1 0 W.F.C.A. • - ' ? 5 °

AMERICA'S BEEF TRADE. According to the New York "Journal of Commerce," the American beef export trade ifi fast reaching vanishing point, for not a pound \of dretecd beef was exported to Great Britain during September, October, and November, while only 900 head of cattle were exported during tho Eame period. There-is little prospect that any beef exports will take place from the United- States durin? 1913. In fact, there will have to be a revolution in the cattle-rais- • ing industry before Hie United States can asain becomo a beef-exporting country. Tho prc'sent state of affairs may lend to somo reaction. Many thousands of western and south-western farmers, who-formerly pave attention to cattle raising, and abandoned it when prices were discouragingly low. now find that they have produced grain and feed crops in such bulk that it is unmanageable for market; while they have no cattle to feed. There is, therefore, an increasing demand for "feeders," and the growing plan is to winter all such available (dock on the bountiful supply of feed stuff, wliieh it is hoped will result in a greater number of marketable cattle next spring than for some time pact. ./ COMPANY REGISTERED. According to tho list of companies registered published in tho last issue of the' "Mercantile Gazette," the Poultry. Pigeon, Canary and Cage Bird Championship Association of New Zealand, Ltd., was registered on January 29, with a capital of £500 in 500 Bhares of'fl each. Tho subscribers are:—G. Finn, E. Qallichan, J. Goer, W. H. Foglia, E. C. Copp, H; E. Airth, J. Rider, W.'K. Madcley, .-and J. Curric, all 'of Wellington, 10 shnres each. Objects: To establish, rcgulato and govern. championships in Now Zealand, and to create a standard for the guidance of poultry, pigeon, canary and case-bird fanciers.

..'LONDON' MARKETS. Tho' New Zealand Loan and Mercantile Agency Company, Ltd., and Reduced, havo received tho , following from their London house, under date, January 29:-Tallow: We quote nrcscnt snot values for tho following descriptions:—Good mutton, 395. 6d. _per cwt.; good beef, 355. 3d. per cwt.; mixed, 335. 6d. per cwt. The market is Active. : Wheat: We have sold at 375. 7!d. r,et an Australian cargo. The market is quiet'but. steady owing to increased supplies,. and the outlook for Argentina, market nrospects is uncertain. Oats: Wo quote, Gartons. 255. The market is fair. .

i LONDON WOOL SALES. lb/ Tele2i a,pn—Press Association—OoMTlch* ''■• London, January 29. :•-.Tho. wool soles havo \ closed. Thero wae brisk bidding, at the highest prices of tho series.

(Bee. January 50, 11.20 p.m.) London, January ,30. Tho wool sold at the current series- of sales has been distributed as follows:— Homo buyers,' 78.0C0 bales; for the' Continent. 43.000 bales; for tho.United States, 9000 bales; held, 5000 bales. A strong buying movement developed : during tho last few dayß .owing to the shortage in South America, and Australia. All merinos closed 5 per cent, above opening rates; fine medium crossbreds at par to 5 per. cent, above, the December sales, and coarse at par with tho December rates. Lambs were scarce, and went 75 per cent, abovo last'series. • ■ ■ ■ . Tho. American purchases .wcro entirely of crossbreds.. Tho Ngakanui. clip' realised 13d. top price, and 12Jd. average prico. '.',-" -.' ■■ ' ■. •■•notfil i.'t . ."''/' .".Hi -il i':'»li 'Tho Department. of Agriculture, Industries, and Commerce has received tioj following cablegram from the High Commissioner for. Now Z-jaland, dated London; January '29, regarding the -closing'of the first eerios of colonial wool sales:—"The market closed very strong at best prices in the series.' Amcrloans are buying freely.' Prospects are favourable.- The demand exceed!'the supply. One thousand bales of New Zealand wool, are held over. Estimated values:—Super merino, Is. Hd. to Is. 3)d. pen lb.; medium, lid. to Is. Id.; inferior, 9d. to 10Jd.;. fine crossbreds, Is. Id. lo le. 3Jd.; medium, lid. to Is. lid.; coarse, 95d. to Is. Id." •■■■'■

The Bank of Now Zealand has'received tho. following cable advice from its London. office, dated January "9:—"The eales have closed firm, and withdrawals aro practically nil. Prospects for a!! wools next series ore favourable. Current prlccß for South inland farmers' lots,- in average condition:—Coarse crossbreds, 36-40's quality, 10Jd. to lid. ner lb.; medium crossbreds, 14-46's quality, 113 d. to 12M.:-. fair crossbreds, 50's quality. 13d: to 14d. Current prices for South Iplsnd farmers' lots (Canterbury style), in average condition: —Inferior merinos (com.), 60-64's quality, lid. to ll!d. per lb.; BUDcripr merinos (super),■ 60-64's, quality, 145d..t0 15W.; half :or ouarterbred merinos, 66's quality, 13{d. to 14id." -'.--■ 1 'The following cablegram has been received by Messrs. Levin and Co., from London: "The -wool pales closed, very firm,at the. best point of the series." , ~ Messrs. Murray, Roberts, and Co., Ltd., received a- cablegram from their London agents (Messrs. Sanderson, Murray, , and Co.). under date January 29, 03 follows:— "Sales have closed firm, 6000 bales being held over.- Compared with last London closing rates, greasy merino, good, advanced 5 per cent.; crossbred greasy; fine, advanced 5 per cent.; all other descriptions of wool, closing, rates fully maintained." . "■ , Messrs. Abraham and William's, Ltd., have received tho following cablegram , from their London agents :—"Tho rales closed to a good attendance of buyers, with the market very firm. '■' Prices, as compared with the closing rates of last tale, aro 5 per cent, higher for fine crossbred and merino, but are unchanged for'medium and coarse crossbred."

..Messrs. Dalgety and Company, Ltd., Wellington, have just rccoivod the following cabled information, "under date January 29:—Sales have closed firm and active, with brisk competition, as compared with closing rates of last series. 1 scoured merino medium sorts, good Quality and condition, was 5 per cent, higher and inforic* tinchanged; greasy merino, medium to good, 5 to 7i per cent, higher; inferior unchanged; flno crossbred wools aro 5 to 74 per cent, higher; medium cros3brods, suitable for America, 5 to 71 per cent, higher, and ordinary medium crossbreds, 5 per cent, higher; coarse crossbreds unchanged; slip, ed crossbreds unchanged. Tho total net quo.ntitv -available for the sole amounted to 135,000 bales. There were sold 9000 bales for America, sold -for Homo consumption 78,000. bales, sold to the Continent 43,000 bales,, and carried forward 5000 bales.

Tho New Zealand Loan and Mercantile Agency Co., Ltd., and Reduced, have received tho following cablegram from their London house, under date January 29:—The sales closed strongly, with' good competition; 130,000 boles of wool wore sold, of which'43,ooo boles were taken for tho Continent, and 9000 for America; SCOO bales were .held over. As compared with last salo's closing rates,' prices are higher by about par to 5 per cent, for crossbred lambs, scoured merino super, and medium greasy crossbred; higher by about 5 ncr cent, for iricrino inferior, greasy merino super, scoured merino medium, and fine grca6y crossbred; higlier by about 5 per cent, to 7i per cent, for greasy merino medium and lambs. Prices are about the same for crossbrod scoured, coarto greasy crossbred, and crossbred 6lipo.

SYDNEY WOOL SALES.' (Red January 30, 11.20 p.m.) Sydnoy, January 30. At the wool sales this week tho market showed increased firmness, the highest prices of the soason being realised. Greasy 'reached 141 d., and scoured 23Jd. There will bo no 6alos nest week. AUSTRALIAN PRODUCE MARKETS. (Rec. January 30, 9.35 p.m.) Sydney, January 30. Wheat. 3s. 6d. to 3s. 63d. Flour, £8 10s. Bran, £4 15s. Pollard, £5. Oats, Tasmanian Sparrovbllls, 3s. sd. to 3s. 6d.; Now Zealand Algerian, 2s. lid. to 35.; Giants. 3s. 6d. to 3s. 7d. Ma.i?o, 4s. 7d. to 4s. 9d. Pototoes, local, £4; Tasmanian, £7. Onions, Globes, £5 15s. Butter, selected brands, 985.; prime, 90s. to 925. Cheese, 6{d, Bacon, 7»d. to Bd. Adelaide, January 30. Wheat, 3s.' s|d. to 3s. 6d. I'lour, £8 12s. 6d. Bran and pollard, Is. 2d. Oats, 2s. to 2s. 2d. MELBOURNE HIDES MARKET. , (Rec. January 30, 10.20 p.ui.) ' Melbourne, January 30. Ilides were in moderate supplies at today's sales, and prices woro a little firmer for nil classes. , TALLOW. London, Jonuary 29. At the tallow M.len SM cuilis were offered and 685 lold. I'tlsxs wo unchanged, ,