COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1718, 8 April 1913, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES, Tliero ivorc no trnnsictions in investment shares yesterday . The quotations wcro as, under:— .*

LONDON MONEY MARKE'I'. The Union of South Africa, lias not done any better with its flotation than, either . Now Soutli. Wales or Now Zealand. Tho South African loan was for £4,000,000 at. 1 per cent., and was offered to tho public at par, and the public subscribed for only 6 per cent, of t.lio issue, tho underwriter's having- to provide for the balance. The City of Ifobart is now, on the market for £250,000. at 41 per cent., and the stock is being issued at 1005. that, is at 10a. premium.- It will he interesting to sec tho result of this flotation as it fa the. first corporation loan from tho Antipodies to bo issued at a premium. Tho amount required is small, and tho issuing bank will probably be ablo to secure-the amount from its customers. ' Tho London money market is certainly a little easier than it was a week or a fortnight ago, but the ratcs.fl.ro high 'as compared with a year ago, and thero is very little prospect of any ease. Loans are being forced on the market just now because of tho prbspcut of dearer money when ' t.lio war in tho Balkans ceases. The.ro will then be a wild rush to float loans, and it is expected that l'avis as well as London will be stormed by eager borrowers. COSTOMS REVENUE. Customs duties'collected fil. tho port r.f Wellington yesterday amounted to £291! U-: E.-i. '. HIGH COMMISSioXiai'U CABLEGItAM The Department of. Agriculture, Industries, ana Commerce has received tho following cablegram from tho High Conunifinioiicr for Ntew l Zealand, dated London, April 5. (Quotations, unless otherwiso specified, are averago market prices on epot):— Mutton.—The market, is firm in anticipation of small arrivals. (Mutilated word omitted here.) Canterbury, 4}(i. per lb.: North Island, 4Jd, Lamb.—Tile market is very firm, on account of a small supply. Canterbury, Gi<l. per lb.; other than Canterbury, Cld, Beef.—The market is nuiet. Supplies of River I'late are heavy. New Zealaud hinds 33(1. per lb., fores s{d. . Butter.—The market is firm for best finality, but there its a limited demand for poorer grade*. Choicest New Zealand, per civt., 1175.; Australian and Argentine, 108s.; Banish. 1255.! Siberian. UOs. Cheese.—Tho market is weaker, and tend, ency downward. New Zealand, 60s. Gd. per c\vt,j Oauudion, W5. C(i>

Ilcmp.-The nwirlic' is (Ipprcs-KMI. Vrfcea <ire nominal, at hist niiotations:—Spot— JS'ow Zcihuid c?oo;l fair Kimlo. P-v ton, <£3«3; fail' crude, -C3l; fair cmvijist Manila. £35. Api*il-.liino--Xcw Zealand food fair, £54 10s.; fair KiMide. £61 10.*.; foil' etirroiit Manila, £34. The output- frubx Manila Xor llio week was 20,000 lvilc«. Kivcr Plato shipments rcccivad during Iho mouth of March, 1013:—

LIVERPOOL MARKET. Messrs. G. ami R. Munro's Liverpool market report, dated February 27, states:— Frozen Beef. River Plate.—Colder weather prevailing has improved the demand for beef, and rather better prices'are bains made. Rest brands—Fores, 160-2C31b., 3«d. per lb.; hinds, ts-amo ■ weights. 3gd. per lb. • • Australian.—The increased demand for beef and the smaller arrivals from Australia have .enabled a number of holders to reduce-their stocks of stored Australian beef. Fairly, large quantities have beenquitted during the past ten da.vc, ox crops jelling at 3d. per lb., and ox hinds at. 3d. t0..-Sid. per lb.; prime heavy-weights have made 3 3-Bd. per Jb. C.i.f. business appears to be at a standstill at present, though buyers arc looking forward with interest to offers of Australian beef for forward shipment. There arc indications of considerable business if quotations arc reason* able.. , New Zealand.—No .supplies, on this market, .:iud only an odd -small line offering for forward shipment. Frozen Mutton. River Plate.—Fairly, heavy supplies to hand this week, prices have.a downward tendency. Pest wethers, SC-601b., selling at '.Jd; per lb.: other sorts and heavier weights down to 4d. per lb. Heavy supplies, of-ewes continue- to arrive, .though the demand is extraordinarily good, the excessive supplies fairly smother it. 31 any parcels have been sold at 3Jd. per lb., e.i.f. ex recent arrivals, and a fair trade is being done at oid. to 3 3-Bd. per lb. ex store. Wethers aro not -at all : plentiful, g.a.q., 40-601b.» aro filing at 3£d. per lb.; f.a.q. and inferior, down to ' 3pd. per lb. No forward rales reported this 'week. Kow ' Zealand—No arrivals at Liverpool from this source of. supply, our requirements are being filled from London at <Jd. per lb. ex store, for 56-721b.. North Island wethers with a weight allowance which more than payis the cost of-,railway carriage to .Liverpool. Frozen Lambs. ■ New Zealand.—Nothing doing Hero at present. ' Australian,—Heavy shipments continue to arrive from Australia, and these are meetjnrcin'unusually good demand at firm and higher prices, ranging from 5 S-gd. per lb. to s?d. per lb., according to weight and quality;. Chilled Beof. River Plate.—The moderate supplies to hand ( this week havQ-mat a very good demand at satisfactory ' price*, though a change to milder weather yesterday hats weakened pn'ce3 slightly. Best fores idling at 3id. t-o 33d. per lb.; best hinds, Ed. to 6Jd. per.lb. All prices quoted herein' are ,ex store Liverpool, except when otherwise mentioned, the ,c.i.f. equivalent being id. per lb. Ices. RISE IN SYDNEY BUTTER PRICES. By Telegraph—Press Association-Copyright (Rec. April 7, B.SQ p.m.) ' /. . Sydney, April 7. •Iho.pricD of butter has been advanced by 6s. per ewt. . . ■ FROZEN MEAT. By Telezraph—Prcsa Association—Copyright . - London, April 6. Tht Incorporated Society'of Heat Importers' smitb.ficld market quotations for the undermentioned clatees of frozen meat are based on actual sales of not less than ono hundred carcasses of mutton or lamb, or twenty-five quarters of beef of fair averago quality. The quotations are nut for (•elected* lines, but for parcels fairly reprefcontalivo of tho-bulk of the shipments now on tho market.' The prices which follow are on the average a farthing per lb. more than the values es ship, lhi.4 dilfcvenco representing the average coat in expense, handling, conveyance, and hulling th« meal:—

Unbb'lts.—Thn-'mjirhsl is (iuiet, and ))rior.> nrc unchanged. WHEAT-ASU I'LOUi; AFLOAT. London, April 6. Shipment? of nhrat and Hour ;>(loaI lot Europe on March C 2, compared with a year ago, were:— Arril 5, April 6, ■ .191>. 1513. „ . Quarters. Quarters. United Kingdom 4,CCS,CCQ 4.375.11C0 Continent 3,470,0:0 2,260.000 ■ ' 7,175,Ct0 6,655^00 ' The wheat shipped from tilu Atlantic and Pacific Coasts of North America during tlie past woali and for the corresponding week, of last year is estimated by "Bradstreet's" to bo:— Atlantic Coast 391,013 273.C00 Pacific Coa.it — . — 391,000 273.CC-0 Tlio total 6hipment3 to Europe from all exporting countries during tlio wccl: amounted to 1,715,000 quarters, including 165.CC0 from Australasia, aa against 1,575,CC0 quarters, including 210,CC0 from Australasia for the corresponding period of la3t year. WHEAT MARKET. London, April 6. The wheat market is very firm, and prices generally arc 3d. dearer. Several Australian, cargoes sold at 375. 6d. to 38.?. I Liverpool futures. May delivery, 7s. 53d. pci- cental; July delivery! 7e. 4d.; October delivery, 7s. • 3>.d.

Buyers. Sellers. ' £ 6. tl. £ e. d. Bank New Zealand 11 5 0 >, — National Bank (old) . 5 0 0 N — N r .Z. Loan and Meimntile 0 10 0 —. Well. Gaa (prcf.) 10 3 10 9 N.Z. Insurance 4 19 6 5 1 6 Standard. Insurance — 111 9 Chriotchnreh Meat 15 6 6 — Meat. Export (52s. 6;l.) — 3 0 0 Well. Woollen . (ord.), ...... 3 11 6 3 13 0 Wcstnort Coal .... 17 0" — Tarinffamutu Totara — .2.5 0 N.Z. Portland Cement ... 0 18 3 ■ — ■ W.l'.p.A. - -750

Mill toil. Lamb. ' London £4,497 - 16.542 Iiivcrpool 3 LHO Cardiff 7,583 2C0 Hull 8,835 fionthamiiton 13,789 5,7?,] . .Kewcnetlo 15.593 £CQ Ireland - 1,724 41 254,055 110,564 March, 1912 271,024 7C,£G2

iioy £3. Apr. 5. Mutton- ri. rt. Canterbury, light 4!/ 43-3 Canterbury, medium 4\ 4 3-8 Canterbury. heavy .; 4J 1 !' ..Southland * " t North Island, best 44 4 5-lo North Island, ordinary... 4J . 43-16 Australian, -light * . 315-16. Australian, heavy *' * : Tiivcr Plato, light # ■ * : ltiver Plate. heavy 315-16 y t New Zealand cwco. 5J\ 313-35 AustrKli.ui owes. 3,1 . 3* ltiver Plate ewes 33 3j Lamb— : Canterbury. lis'it 6 3 fl 69*16 Canterbury, tacdiura 6o-0 6J Canterbury, heavy 6.1 63-0 Southland w * NarlH Istuid, ordinary... 6 63 North Jdln:)d. telcctcd ... 63-16 • 63-8 Avi-tralian,' bcFt ' 52 .Australian, fair • 53 Australian, inferior.5 3-8 ' 5H Hiver Plate, dm - * .Uivor Plate. socoud * • Eoc<:Now Zealand, ox-fores ... 3 3-3 3 3-b ■ • - New Zealand, ox. hinds ... ."2 32 Australian, ox farts ...... 33-lti ...'Austrttlvin, ox hiivcltt '5 3-8 3s ' fiiver Plata, frozen fores 3 . 3j ltiver Plate,'' frc7.«i-hiiids 35-16 "37-J6 • ltiver Plate, .ohilbd fores 35 31*16 .River Plate, chilled It in da <3 t'i *Nouc ottering.