COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1677, 18 February 1913, Page 8

COMMERCIAL ITEMS.

INVESTMENT BHAKES. A sale of W.F.O.A. shares (£1 paid) at 28s. 6d. was the only transaction' 'recorded yesterday.. The quotations woro as under:— ''.... • Buyor<i'.\ 'Sellers. £ s. d. : £ s: d. National Bank ■ ■"— ' ' 6'l? 0 N.Z. Loan and Mercantile (10a.) 0 9 ,3 - N.Z. an* River Plate '...... — 2 0 0 Well. Investment — ,0 11 0 Well. Trust and Loan ... 7 0 0 .7 3 0 Feilding Gaa — .10 3 Well. Gas (prof.) ............ 019 9 - N.Z. Insurance 5 16 - 6 2'o Moat Export (525. 6di) ...... 2 16 0 - •Union Steam 2 7 6 " — Well. Woollen (ord.) 3 10 0 313 0 Ittkurangi Goal 0 15 6 0 17 6 Taiipiri Coal — } J J Golden- Bay Cement: .; — 10 3 N.Z. Drug '... : 2 9 6. ; 210 0 W.F.O.A. (205.) : - 19 0 POST OFFICE SAYINGS' BANK. , The deposits in the Post Offlco Savings Bank during 1912'wcre larger than in 1911 by tho email"sum of £97,815, while, the .withdrawals were greater by £787,666; The deposits, withdrawals, and the excess of deposits over withdrawal.? for each of tho past five years show as under:—. •■. Exces3of Deposits. Withdrawals. Deposits. Tear. ; -, . £ £■ £ 1912 ..11,725,182 11,449,711 275.471 1911 11,627.367 ■'. 10,662,045 965,322 1910 :. 10,708.939 9,695,515 1,013,424', 1909 '■ 9.611,115.' 9,499,320 . 111,799 , 1908., '9,674,075 . 9,417,620. 256,255 The.heavy withdrawals are not easilv explained— it may bo that the depositors have found it necessary to draw on their-sav-ings for ordinary living expenses, .while, on tho other hand,, tho withdrawals may be to meet Quito other expenses-motor cycles an-d similar luxuries. 'Customs duties collected at the port of Wellington yesterday amounted to £2753 19s. 3d. . '.Eton COMMISSIONER'S CABLEGRAM.! Department of Agriculture, Indus tries, and Commerce has received the fol-, lowing cablegram from the High sioner for Now Zealand, dated London., February 15. Quotations, unlesj othcrwiso specified, aro average - market prices onspot:— , : , , '; Mutton.—The market is a shade weaker. Supplies are increasing, but Canterbury are getting very scarce. Canterbury, 4gd. per lb. nominal; North Island, 4&d. Lamb.—The market is. firm.. There is a good demand for all lamb. Phte lamb this season .shows great improvement in tmality. Canterbury, 7d. per lb.; other than Canterbury, 6Jd.; Plate, s}d. Beef.—Tho market is dull. A large supnlv. New Zealand hinds, 3gd. per lb.; fores, 3Jd. . Butter.—The market is very unsettled. There is a good local demand for choicest, but there is a limited demand for poorer grade's; unsalted, being scarce and wanted for Continent, commands 2s. premium. Now Zealand, 114s. to 120s. per cwt. (for best quality); Australian, Siberian, Argentine, 110s.; Danish, 1295.

Ohec?e.-The market is quiet but Btcady. Tho average prlco for the week for finest New Zealand cheese, per cwt., is 60s. 6d. Hemp.—The mn.rkct is very quiet. Manufacturers aro holding off tho market. No chango in prices. Spot: New Zealand good fair, ncr ton, £34; fair. £31 lte.; fair current Manila, £33 10s. Forward shipment: New Zealand good fair, £34 10s.: fair, £32; fnir current Manila, £34'105. The outnut from Manila for. the. week was 22.K0 bales. Wool—The market Is Btrong. All stocks •aro advancing.

LONDON MARKETS. ' Messrs. Dalgety and Co., Ltd., Wellington, have received the following cablegram'from t.heir London, oillce, doted February 13':— Frozen meat.—lleef: Market for New Zealand is weak. New Zealand prime ox fores, 3Hd.; hinds, 3Ed. Lamb: The demand for New Zealand lamb is limited, and .wo expect a gradual decline in prices as nrrivals como' forward more froe-ly. Quotations:— N.Z. primo crossbred lamb, North Inland, heavy and light, 6Jd.; Australian, good averago quality crossbred lamb, heavy and light, 5Jd. Mutton: Domanu for New Zealand mutton is limited, and we expect a gradual decline in prices as arrivals come forwarrt moro freely. Quotations—New Zealand prime crossbred mutton, North Island, heavy and light, 43d.; Australian primo crossbred mutton, heavy and light, 4d. WIIEAT AND FLOUR AFLOAT. By Telegraph—Press Association—Copyright London, February 16. Shipments of wheat and flour afloat for Europe on. February ,15, compared with a 'year ago, wcre^ Fcb. 15, Feb'. 16, 1913. 1912. Quarters. Quarters. United Kingdom .: 3,105,1X0 3.180.C01 Continent 2,560,000 ■ 1.H5.CC0 5.665.CC0 4,325,000 The wheat shipped from the Atlantic and Pacific Coasts of North America during the past woek and for tho corresponding week of last your is estimated by "Bradstreet's" to lie :— Atlantic const 2J2.0:0 183.CC0 Pacific coast 30,C00 25,(00

Tho total shipments to Enropo from afl exporting countries during tho week amounted to 1.400,000 quarters, including 209,000 from Australasia, as against 1,050,000 quarters, including- 220,000 from Australasia for the corresponding week of last year. FEOZEN MEAT. London, February 16. The Incorporated Society of Meat Importers' Smithfiold market quotations for tho undermentioned cleeeos of frozen meat are based on actual sales of not less than one hundred carcasses of mutton or lamb, or tncuty-nvo quarters of beef of fa.lr average quality. Tho quotations arc not for selected lines, but for parcels fairly repro-1 sentative of the bulk of the shipments now on the market. The prices which follow are on tho average a farthing per lb. more than tho values ox ship, this difference representing the average cost in expense, handling, conveyance, and selling the m ° at:- * Feb. 8. Feb. 15. Mutton— d. d. Canterbury, light Canterbury, medium * * Canterbury, heavy • , • , Southland * . North Island, best 43 48 North Island, ordinary ... 4j 47-16 Australian, Ifght 4 4 Australian, heavy 38 31 River Plat*, light * River Plate, heavy 431 43-16 . New Zealand owes * * Australian ewes 1 3i 3J Hivnr Plate ewes * * Lamb— Canterbury, light, 53 • Canterbury, medium * • Canterbury, heavy •. • . * Southland * , * •North Island, ordinary ... . • ■ 6ft North- Island, selected. • 6i Australian, host .-. 5} 55 Australian, fair -55 sft Australian, inferior 43 42 River Plate, first » ' " Elver Plate, second- • * Beef— Now Zealand, ox fores ... 35 .31 New Zealand, ox hinds ... 3j 3g Australian, ox fores 31-16 31-16 Australian, ox hinds. ... 338 33-8 Elver Plate, frozen fores 3 3 River Plate, frozen hinds 3* 3J Elver Plate, chilled fores 3 3-8 35-16 Eivcr Plate, chilled hinds 43-8 43 •None offering. . Rabbits are easier. Young small Australian have declined about Bd. LEAD. : London, February 16. ' Imports, 21.159 tons, including 8711 tone Australian. The exports totalled 5584 tons.