COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1766, 3 June 1913, Page 8

COMMERCIAL ITEMS.

INVKSTM KNT BUAUK3. A fnlo of I'niou tfloaui shares at 425. 3d. was tbe only transaction rmu'dort in investment. share* yo<tord,\y. The quotations wviv i\f nn'tor;-- * Huvers. Srllcr?. £ ». (1. £ .< <1. ChristWmroh flas 7 8 0 A'./i. liicmra.iK'O 5-0 — St.imlard Insuranco • 1 ll 0 Christdiuri'h Moa! 15 H 6 Monl. KximrL (X'l) -• 5 0 0 Union .Strain 2 2 0 2 2 6 Mosjriel Woollen 312 0 \< Coal 16 9 (Johlon Hrtv Comont •• 1 0 i \W-ml ami <\> 4 19 0 W.KC.A. (£5) • • 7 3 6 IUIUV VKODUCK. Tti their Uairv Vroduco Cuvnlar, tinted April 11, Messrs. W. WoiMol and Co.. Ltd.. reimrt as under:— M»ttor.-~Th<» cold and dry \mitlior lntely experieneed in most parts of the country has cheeked the prowlh of the naMnret*. Thonsrh this is popularly stateil to ho a- vorv forward fpnu.:, only five times dm*injr tltc pst?t 30 years has warm weather made so t<irdy an appearnnee as in. tho present season. The shade temperature iti Jjomlon tin* yoar has not yet reached 60dep. Vahr. The five years when it war. equally late were 1837, 18S9. 1900. 19C8. nnd 1910. Tn 1908 tho temperature did not rice to 6Cdog% until April 29. There has hoen a fairly largo demand this week for he.«t * quality of both Australian and Xow Zealand butter; but all kinds of sceondary Quality have met a 1 slow inquiry. Prices have ngain declined, | and "choicest" Victorian and New South 1 Vnlcw salted are making 108s. to 110s. per cwt., and uusaltod 112s. to 114s. Queen?land malted is ecllint; at 106s. to 109?., and uncalled ICSs. to 110$. The proportion of "choicest" butter arriving from Australiais still very small in comparison with previous ye-nrs. The Danish official quotation has boon lowered this week by four kroner, nnd now stand* at 101, against 109 at the eninc date in 1912.- Tho fall in Danish -during the last four weeks to the extent of 13 kroner proves that a month ago it was, relatively to otlu i r buttons, too hieh. Xo other kind has fallen to r anything like such an extent. Chcose.-Thc market for both New Zealand and Canadian is quiet, and prices for each kind lmve rcccdcd Is. per cwt. New Zealand "choicest" white i? sellinc at 605., and coloured at- 595. Inferior quality can be bought at 58*. Australian clieesc is selling nt 58s. and 595. per ewt. for white, and 58s. for coloured. Canadian is making 625. to 645.. for white and coloured alike. Reports from Canada state that less fodder cheese will bo inado this April than for gome years. WOOL IN AMERICA. When tho American- Tariff Bill was under consideration it was reported that manufacturers were protesting aeainst the proposed reduced duties coining into operation immediately on the ground that larce quantities of foreign wools were held by the manufacturers. Some people were inclined to doubt the accuracy of this, but it t?ecni3 that the claim was in accordance with fact. Early in April the foreicn m the bonded warehouses of the U.S.A. were close on 60,C00,1)C01b..' and this notwithstanding the heavy reshipmcnts of colonial wool back to London for realisation, whilo at the corresponding date last ??Snri!jF « uantit y so held was about

HIGH COJtinSSIOJTER'S CABLEGRAM. . Tho Department of Aerlcultnrc, Industries, and Commerce has received tho following cablegram from the High Commissioner for New Zealand, dated London May 31. . (Note—Quotations, unless ot-her- : wise specified, arc average market prices on spot):-

Jlutton.—Tho market is firm. There is a good demand for prime quality. Holders are Grm. There has been ,a better tone in the market this week. .Canterbury 4Jd. por lb.; North Island, 4Jd. Lamb.—The market is weaker and slightly lower. High prices aro restricting business in the market. Arrivals are very heavy. Canterbury, 65d. ter lb.; other than Canterbury. 6d. licef.—The market is depressed. Supnl'es of American chilled beef are small. Tho weather lately has beoni unfavourable to the sale of beef. Chilled is selling at lower prices tha.n frozen. Stocks of New Zealand beef on hand are light. N.Z. hinds, 3id. per lb.; fores, 3Ad.: chilled hinds, 4d.; fores, 2Jd. llutter.— I Tho market fs nulet but. steady, except, for New Zealand, of which tho supply is practically exhauistcd, and market firmer owin* to Talan) accident. Choicest N.S., per ewt.. 1155.: Danish. 1155.: Australian, 1065.j Siberian, 10to.; Argentine, Cheesc.-Thit market Is firm, with improved demand. Holders are not anxious to sell. New Zealand white, per cwt., 615.: coloured, ste. '

Hemp.—The market is depressed ftnd speculative. Decline is caused by absence of manufacturers. N.Z. good' fair,' per ton, £30; fair, £26 lUs.; prices are nominal. Vortrard shipment- About the same. Fair current Manila, £32. Forward shipment—Mr current Manila, .£3l. Tho -?. u nn?. ut v. f rom Mnnlla for tho week waa 21,000 bales. Wool—The market remains, firm. Current Bradford Quotations for t-op3 <trc* — 36s low crosshreds, 16d. per lb.: 40's low erupsbreds, I6jd. per lb.: 44's medium crosshreds. 17Jd. per lb.: 50's halfbreds, 21d. per lb.: 56s uuarter-hreds, 24d. per lb.' 60s mermos, 291t1. ner lb. ; FROZEN MEAT. , By Telegraph—Press Association-Copyright ' T / , London, June 1. The incorporated Society of Meat Import-' ers Smithfield market quotations for the undermentioned classes of frozen meat are based on actual sale 3 of not less than ono hundred carcass of mutton or lamb, or twenty-five quarters of beef of fair, average quality. The quotations are not for selected lines, but for parcels fairly repre. Eentative of tho bulk of the shipments now on the market.:-The prices which follow are on the- average a farthing per lb. more tlmn the values ex ship, this difference representing- the average cost in expense, handling,, conveyance, and selling ' the meat :— May 24. May 3t. Mutton— (). (] Canterbury, light 43 43 Canterbury, medium 4 3-8 4 3-8 Canterbury, heavy 41-16 41-16 Southland « • North Inland, best 4 3-16 4 3-16 North Island, 4H 4S Australian, light 3? 35 Australian, heavy * River Plate, light • • Kivcr Plate, heavy 3 13-16 313-16 New Zealand ewes 32 33 Australian cwe« 33 3it Hiver Plate ewes s * LambCanterbury, light 68 67-16 Canterbury, medium 6 3-8 61-16 Canterbury, heavy 6J 6,' Southland • 6 North Island, ordinary.,. 6 5-16 6 North Island, selected... 6,7-16 64 Australian, best 6 * Australian, fair 6 * Australian, inferior * " Hiver Plate, first 53 •> 5?, Hiver Plate, second 5?, ' 53 BeefNew Zealand, ox. fores ... 3V 33 . New Zealand, or hinds ... 4 4 Australian, ox fores ... 34- 3? Australian; ox hinds 3 9-16 3 9-16 River Plate, frozen fores 31 3J lliver Elate, frozen hinds 4 3S Hiver Plate, chillcd fores 3} 2?Itiver Plate, chilled hinds 51 51 'None oiforin?. Itabhits n.re .neglected. The trade will probably be at a standstill till August. WHEAT AND FLOUR. London, June 1. The wheat and flour afloat for the United Kingdom totals 3.815.CC0 quarters; for the Continent; 3,430,000: Atlantic, shipments, 649,000; Pacific, nil. The total shipments to Europe during the wee!; totalled 1,650,000 Quarters, including 158,0C0 from Australasia. , The wheat market is steady. There is a restricted demand. Australian, off coast, has been offered at 38s. 9d. Customs duties collected at the port of Wellington yesterday amounted 0 £3307 19s. Ed.