COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1768, 5 June 1913, Page 8

COMMERCIAL ITEMS.

INVESTMENT SUA EES. A sale of New Zealand Insurance shares at £5 is. was the only transaction recordoil in 'investment shares 'yesterday, Tho quotations wero as under:— Buyers. Scllont. £ s. d. £ s d. N.Z. Loan and Mer. (pref.) 96 0 0 — N.Z. and Kiver Plato ... 1 19 5 2 0 6. Well. Trust and Loan 7 3 0 .— Ohristchiireli Gas 7 8 6 . Wellington. Gw (£W .... 16 0 0 16 5 0 WEllington Gas (prof.) ... 1 0 0 — ! National Insurance — 2 4 0 N.Z. Insurance 5 2 9 — Christrhurch Meat 15 10 0 — Meat Export (£4) 4 15 0 . 6 0 0 Meat Export (525. 6d.) 2 19 6 - N.Z. Shipping 15 10 0 — Union Steam — 2 2 6 Mosgiel Woollen — 3 12 0 Well. Woolkn (pref.) - 2 15 6 Westport Coat 16 9. — Bonnghy Rope and Twine 13 9 ; 16 0 Golden Bay Cement- — 10 3 Ward and Go 4 19 0 — W.F.C.A. (£5) 7 0 0 7 2 6 THE MONEY MARKET. The London money market is passing through a stress. Tlio continued pressure for money on the rart of large borrowers, tho very unfavourable experience of underwriters who are holding great masses of undigested securities, and the prolonged tknrmsM of money, have all been contributing factor.?. The slump in. Canadian Paoilic Railway tliares, which declined 19 dollars (nearly £4) 'in five days, seemed to indicate that the slump was of American origin, but the cable messages published this morning associate the Victorian, lean with th« troublo. The Victoran Premier, Mr. Watt, who i\s now in London, arranged for a loan of £5,0C0,0C0 at 4 per cent., tho issue prico being fixed at £90. The loan was to have a currency of nino years, with the option of redemption at tho end of fivo years. It is now stated that a million of this loan had boen withdrawn. It is obvious' that the money market is in a very disturbed state. Two jobbers have been "hammered" on the Stock Exchange, but their liabilities are said not to be very serious. A jobber does not do business directly with the public, his business la with brokeiv. Jobbers deal in certain stocks and shares. Some confine themselves to British railways, others lo foreign find colonial. and so on. When oflked. the jobber "makes a price"—he nuolcs a prico at which he is prepared to buy nnd o- prico at which he i.'< ready to sell the slocks or 'hares in which he deals. "Hammering" is a Stock Exchange term. The usher of the Exchange mounts the rostrum, gives three taps or hammers with his gavel, and announces that So-and-so is unable to meet, his engagements. This is Stock Exchange bankruptcy. ■ Oii q toms dntios collected at tho port of Wellington yesterday amounted to £4955 .lis. TRADE IN ALLEN STREET. Fruit.— I Tho Monowai with transhipments G*- Talune, from the Cook Islands, landed her fruit on Tuesday. The shipment consisted most.lv ' of Mand oranges, which opened up ill fair to good condition. The Navua is due on Friday with the regular monthly shipment of bananas from Fi.u; only a light consignment is coming forward, consequently satisfactory prices should be obtained. The Sydney etcamcr which arrived yesterday brouorht a moderate shipment of lemons, mandarines, passion .fruit, pineapples. South Australian lemons are reaching the market every Inday via Melbourne; a few Mildurn. lemons are also coming forward from that eonrcc-. Consignments of peats nnd apples con he rccommOudcd, art the market generally displays a more buovant tone, due probably to the finer weather being experienced now. Tomatoes.— Very few tomatoes are now coming forward, and only low pners urc obtainable, as those reaching the moTkct aro mostly green-coloured nnd realise satis-, factory prices. Vegetables.—Cauliflowers continue in good , demand, an,d profltoblo yatta are beine oh-

tained. Prices for cabbages contiuiio steady. Carrots, parsnips, pumpkins, tuid mMTWi have the usual inquiry. Consignments of choice celery can bo recommended. Potatoes— Owing to the absence of an export demand prices have eaeed considerably. and the current ouotation is £5 10s. per ton for prime tabid tubers. l'jarly seed potatoes are available, and aro quoted as follow:— and Breeze's Prolific, £5 153. per toll; Gamekeeper, £6 10s.; Beauty of Hebron and lki.rly Itose, £8 10s. Onions.—Some excellent samples aro coining from Victoria, and these are realising £10 per ton. Pickling onions are in poor demand, mid aro olfered at 1(1. per lb. Flour. —Millers have advanced the price of'"hundreds" by 10s. per toil, instead of 5.i. as usual between saeks and 11u 11 clrou.:'. The current quotation is £9 ICk. per ton for sacks f.o.b. oout'n, and .£9 17s. 6u. e< store, Wellington, lecs the ueual discount. Bran.—Stocks havo been worked down considerably, but the market js still without alteration at £5 to £5 Sa. per ton. l'ollard.—Weekly shipments contiuuo to como from Australia. To-day s valuo is i-b 10s. to £7 per ton. •Maizo ij 'in fair demand at ss. la, to os. 3d. per bushel. , , . Oatmeal.—JHllers . have Tcdueod tlicor price 3 by 10s. per toil; ami local the Quotation is now £15 ICS. per ton. ex store, lor tho leading brands. . , 11 oiled Oats—Thistle brand, in 4JIb ; hag?, is selling' at 30s. per dozen; and oatma. m 41b. bagy, at 10s. 6d. A *, Oats.—Tho market is without change. Short feed, 2s. lid. to 3s. Id. per bushel; feed Algerian, 23. S)d. to us. lid.; eecd Algerian, 3s. to os. 3d.; heavy Dun oats, 3s. Id. to 3s. 2d.; discoloured oats, 2s. /d. to 2s. 9d. , , . , Hay—Primo Quality ryo and clover, handpressed. is selling ftt £5 153. to £6 per ton. Chaff.—Tho market continues steady. Prime Quality, ex store Wellington, £5 ss. to £5 10s. ton, packs in. Fowls' Wheat.—A good trade 33 passing, and the quotation ia 4s. 4d. to 4s. 6d. per bushel. .. Eggs.—i'resli eggs are selling at 2s. per dozen; and preserved, whioh are exceedingly scarce, are quoted at is. od. to Is. 7d. Buttor.—Primo milled in bulk, Hid. to Is. per lb.; good quality, to lid. Partridge'Peas.—Primo. samples aro making 4«. 4d. to to. Per bushel; broken peas, suitable for poultry, aro selling at Prussian blue peas are dull of sale, at. ss. 6(1. to 65. per bushel. _ Cape barley is slow of calo at os. od. per bushel, and feed barley is dn moderate demand at Js. ■ , Poultry—Hens..3s. to 45.; cockerels, is. 6d. to 55.; white ducks, ss. to 75.; Indian Eunner dunte, 4s. to ss. per pair; turkey gobblers, lOd. to lid. per lb. live weight; hens, 7d. to Ed.

FINANCIAL CABLEGRAMS. By Telegraph—Press Association—CoDyrieht London, Jiuie 3. Tcst-erday's closing quotations wero as Bank of Australasia, sellers £115. IJanlt of Now Soutli Wales, buyers £38. sellers £40. . Bank of Victoria, buyors £4 2s. 6d„ sell, era -£4 12s. 6d. Union Bank ol Australia, buyers £58 sellers £59. .... National Bank of Australasia, buyers £5. sellers £5 10s. National Baal; of New Zealand. buyers £4 155., sellers £5 ss. Bank of New i Zealand, sellers £11 12s. N.Z. Loan and -Mercantilo Agency 4 cor cent, debentures, £94'105. City of Melbonrne. 4 por cent, debentures. £93. Melbourne Harbour Trust, 4 per cent, debentures, £97 ' Melbourne Tramway Trust. 4S;per cent, debentures. £100. Melbourne and Metropolitan! Board ol Works, 4 per cent, debentures, £97. Australian Mercantile debentures, £93105. Dalgoty trad Co.. 4 per cent, debentures. £91. Dnlgcty mid Co.'a stores, buyers £6, sellers £6 10s. Melbourne Gas do'« debentures. £99. . City of Sydney, £99. » Goldsbrough, ITort and Co. s debenture. £96 10s.

RIVER PLATE MEAT. . . \ London, June 3. River Plate shipments of mutton tolal 239.036 carcasses,- lamb, 80,250 carcasses; Iro7.cn beef, 148,500 quarters; chilled beef, 314,0C0 quarters. . SILVER. London, Juno 3. Bar silver Is quoted at 2?id. per ounce standard. WHEAT. Official quotations' for wheat:—South Australian, New South Wales.-and Victorian, for prompt 'delivery, 375. 6d.; on passage, 565. 6d. Liverpool futures, SO cents; July, 891. MINING NEWS. WELLINGTON SHARE MARKET. There were no transactions in mining shares yesterday. Tho quotations were as under:— Buyers. Sellers. £ s. d. £ s. d. 81-aclnvater — 12 9 Murray Greek — ,*0 10 0 Now Sylvia 0 0 10 Oil Ross Reconstructed 0 5 5 0 510 Talisman .' 1 17 0 1 17 6 Waihi' 1 15 3 1 15 9. Waihi Grand Junction ... 0 17 6 0 18 0' Worksop Dredge — 3 5 0 •Premium. The. Wellington Stock Exchange received the following telegram 'yesterday from the New Big River Company:—May returns— Battery, 12102. lOdwt. melted cold, from 145 tons crushed; cyanide. 115oz. lOdwt. bullion; total value, about £775. ' STOCK EXCHANGE. (By Telegraph.—Press Association.) . \ Auckland, June 4. Salo on 'Cliango this morning:—Ross, ss. 9d. • ' Tho following Eales were made at the 3.15 p.m. call.— Waihi (ex dv.l. £1 15s. 6d. Ilauds'.vorth, 2d. Taupiri Coal, £1 Is. fid. Christchurch, Juno 4. Sales reported on 'ChanceoNational Insurance of New Zealand, £2 45.; Waihi, £1 15s. 6d.; Watchman, Is. Bd. ' Dunedln, June 4. The following salo was made on tli» Stcck Exchange to-day :—Union Steam, £2 2s. ?d. Tho following sales were reported port Coal, £1 fe. 9d.; Standard Insurance, £1 10s.