COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1770, 7 June 1913, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES. No business was done in investment shares yesterday. The quotations were as under:— Buyers. Sellers. £ s. d. £ d d. National Bank (old) 6 3 6 — Metropolitan Building — 12 9 0 National Mortgage — 3 19 0 N.Z. Loan and Mer. (10s.) 0 10 6 — N.Z. Loan and Jler. (pref.) MOO 99 0 0 N.Z. and River Plato — 2 0 6 Well. Tract and Loan 7 3 II — Well. Deposit 0 5 6 — Napier Cia-3 (£10) 15 17 6 — Napier Gas (£9) — 1412 6 Well. Gas (£10) 16 0 0 16 5 0 Wellington Gas (pref.) ... 1 0 0 — National Insuranco — 2 4 0 N.Z. Insurance 6 2 6 — Standard Insurance — t 11 0 Cliristchureh Meat 15 10 0 — Meat Export (.£4) 4 17 6 6 0 0 Meat Export (525. 6d.) 2 19 6 — . N.Z. Shipping 15 10 0 — Union Steam 2 1 6 2 2 6 Well. Woollen (pref.) — 215 6 L Wcstport Coal 16 9 — Taringamutu Totara 2 2 6 2 3 6 Donngliy Rope and Twine — 16 0 Golden Bay Cement — 1 0 1 Sharland's ordinary — 12 6 Ward and Co 4 19 6 5 1 6 BRITISH AND AUSTRALASIAN TRUST AND LOAN. The report of the British and Australasian Trust, and Loan Company, Ltd., for 1912, states that the accounts 6ho\v a net profit, after payment of all interest and current expenses, and including £17,349 brought forward, of £30,266, of which amount £5000 was appropriated iiv November last to the payment of an intcrita dividend of Is. 3d. per share. The directors recommend that a further dividend of Is. 3d. per slin.ro, free of income-tax (making with the interita dividond 5 per cent, for the year), together with a bonus of is. per share, amounting to £4GOO, also tax free, bo now declared, and that £16,266 bo carried forward. COMPANIES REGISTERED. In tha list of companies registered, published in this week's "Mercantile Gazette." the following appear:— New Zealand Tobacco Co., Ltd. Registered as a private company May 28,1913. Office —Station Street, Hastings. Capital—£lßoo, , into 1830 shares of £1 each. Subscriber;— G. Huslicer, R. P. Sorenson. J. Oowan, F. 0. Hartshorn, G. Ebbett, W, B. Jone3, A. ' Wade, J. T. Blake, Waikare, Karaitiana, all 1 200 share's each. Objects: To carry on the • business of tobacco growers, manufactur- ) ers, ctc.

Messrs. H. F. M'Noill and Co., Wellington, report having effected the following sales duging May:-®*) acres, Turaktna, to Mr. Cunningham, Wairarapa; price £16,000. 723 acres, Cambridge, to Hr. Parker, Hawke'a Bay, price £10,122; 400 acreß, Atea, Wairarapa,. to Mr. W. Read, Taranaki, Drice £6<lCO, including stock and plant; 96* acres, Mokoia, to Mr. S. Smith, price £6300. in eluding stock and plant; Mr. G. F. Ilanby's property of 105 acres, Hukanui, at a satisfactory flguro. Wellington city houses:--No. 50 Austin Street, price £1100; No. 48 Austin Street, price £11C0; No. 253 Adelaide Road, price £1200; No. 374 Tinakorl Road, price £2500; No. 339 Woolcombo Street, price £1650; No. 33 Douglas Wallace Street, price £700; No. 107 Owen Street, price £1000; No. 12 Hoy Street, price £900; No. 16 Nau.qhton Terrace, at a satisfactory figure. i

Customs duties collected at the port of Wellington yesterday umoanted to £2015 18s. 7d.

SOUTHERN GRAIN MARKET. ' (By Telegraph— Frees Association.) Cftrlstcliurcli, Juno 6. Tho local grata market remains firm, but very quiet. Offerings of both wlieat and oats aro very limited, a.nd few sales can bo effected except at outeido priccs. During the week but few lots of wheat or oats have changed hands. Tho potato market is, if anything, easier, and £3 at country stations is now tho best offer. A sale is also reported at £2 155., but it is anticipated that as farmers are now generally pitting their crops there will be few sellers below £3. Some inquiry is setting in for early seed potatoes, but is difficult to give quotations, as prices for the different varieties vary to such' an extent. Pink varieties and 6omo of tho newer kinds of white potatoes are commanding most money, and range from about £5 -upwards. No change ii reported in oatslieaf chaff. £3 ss. at country stations being tho nominal price, with little business doing. Flour, in small bags, has advanced ss. per ton. BANK OF ENGLAND RETURNS. By Telegraph—Press Association—Copyright (Rec. June 6, 11 p.m.) London, Juno G. The Bank of England return issued for the week ended Wednesday, June 4, is as under:— ' Issue Department Noto I»iu» £51,544,000 Gov.ilobt -£11,015,000 Other escurltios ... ... 7,434.000 Gold 36.005,000 £54,644,000 £54,544.000 fli.NXi.vi Depahtment, Proprietors' Govt, securicapital £14.553,000 tios £12,803,000 Publio da- Othor socuriposits ... 13.676.000 lias 29.057,00( Other doposits ... 33.743.000 N»taj „. 25,904.003 Rest. 7-day and ether bills... ... 3,229.000 Coin- „ 1,507,000 £70,201,000 £70,201,000 Ths leading items of tho Bank of England return afford tho following comparison This weak Last waelc Last yaar Bullion 30,095,000 38,280.000 30.23-2,000 Bofierva 27.411.000 27.557.0U0 30.031.000 NotecirouUMon U5,640.000 88.260,T0 29.084.000 Public Doposits 13X70.000 13.80:1.000 21,710,000 Other Doposits 33,713,000 39,715.000 40,314,000 Proportion ot , reserve to liabilities... 52.27 52.04 48.40 GOVERNMENT SECURITIES. The following are the latest quotations for Government securities, with a compqrison of those ruling last week:—

, BANK KATES OP INTEREST. The Bank of England ' rato was. on February 8, 1912, reduced from 4 to 36 per cent., and on May 9 it was further reduced to 3 nor cent. On August 29' it was raised to 4 dor cent., and oil October 17 to 5 per cent. It- was reduced to 41 per cent, on April 17, 1913. Tho Bank of France rato was reduced from 31 to 3 per cent, on January 23, 1908, and continued at tile latter llguro until Scptcmbor 12, 1911, when it was raised to 31 per cent. On May 17, 1912. It was reduced to 3 per cent., on October 17 it was raised t.o 31 per cent., and on October 30 to 4 por cent. MARKET RATES OF DISCOUNT. Tho following aro tho market rates for best three months' bills: — London Paris Berlin rate, rate, rate, per per per cent. cent. cent. This week 315-16 3? 51 Last week 311-16 33 51 Last year ........ 3 2* 4,1 Short loaus aro minted at 31 per cent,, as against 3i per cent, last week, aud 21 per cent, last year. COLONIAL AND OTHER PRODUCE. Wheat —The market is dull aud easier. No Australian cargoes are on sale. Australian. on Hiot. i i in moderate supply, and is quoted at 395. (id. Flour Is dull; 26a, Gd, U askod lot pslcata, iMSffioafc ■ ' -

Oats aro neglected. Finest "A" Grade Gartons, on spot, are quoted at 255. to 255. 6d. per Quarter of 3041b.; La Plata, MayJuno shipment, 159. 6d. , Beans are firmly held; fair average duallty is quoted at 425. per quarter of 5041b. Peas aro firm. New Zealand maples, May shipment, aro realising 435. 6d. per quarter of 5041b. Butter.—Tho market la dull, and iB nominally unchanged. Cliceso is steady. Now Zealand, frhitc, 615.; coloured, 595. Sugar.—German beet, 88 per cent, net tltrc, is quoted l at 9s. 43d, per cwt.: first mark granulated f.o.b. Hamburg. 12s. lid. Bra<lford Tops.—Thcro is' little business doing. THE METAL MARKETS. Copper, on spot, £2 lis. 3d. lower at ££5 17s. 6d. per ton; thrco months. £3 6s. lower at £65 3s. 9(1. Tin, on spot, £7 10a. lowor at £208 10s. per ton; three months, £5 15s. lower at £207 ss. Spelter, 23. 6d. lower at £22 17s. 6d. per ton. Pig-iron.—M'.ddlcsboro' No. 3 9s. lid, lower at 58s. Id. per ton. LONDON MARKETS. Messrs. Dalgety and Company, Limited, have received the following cablcgrama from their London office, under date June 4;— Sheepskins: Market is firm, but so far prices are unchanged. Tallow: Sinco our last cablegram, mutton tallow Is unchanged. Other descriptions are 3d. to_ 6d. higher. Under dato Juno s:—Shcepßkins: Merinos are unchanged. Crossbreds are fully Jd. per lb. higher; crossbred short woolled and shorn pelts are occasionally id. higher. Frozen meat:—Beef: We quote N.Z. prime ox beef fores, 3}d.l hinds, 4d. Tho demand is limited. River Plato moat of good quality is offering at low prices. Lamb: We quote New Zealand primo Canterbury lamb, heavy, 53d.; light, 6 3-Bd.; North Island, heavy, s>d.; light, 6d. Prioo3 aro steady, but tho domand runs principally on light-weights. Mutton: We quote New Zealand crossbred mutton, North Island, heavy, 33d.; light, 4*d. The demand runs principally on light-weights. Wo quote prime Australian crossbred mutton, light. 33d. Tho market for mutton is steady. Messrs. James Macintosh and Co. report having received the following cablo message from their London agente. under dato of yesterday :—Sheepskins: Prices for crossbred full-woolled, of fine quality, advanced Jd.; coarse qualities advanced, from jd. to id.; crossbred half to thiec-quarter-woolled, fine,' advanced from id. to id. WHEAT. By Telegraph—Press Association—Copyright London, June 5. The official quotations for South Australian, New South Wales, and Victorian wheat is 375. 6d., on passage 38s. 3d. Liverpool futures, 7s, sid. per cental; July shipment, 7s. 43d. SHEEPSKINS. At the ealos 9000 were offered, and 80 per cent, was sold at fully late rates. Crossbred combing was a farthing, and clothing a farthinE to a halfpenny dearer. Messrs. Murray, Roberts, and Co., Ltd., have this day received tho following cablegram. dated, Juno 5, from their London friends. Messrs. Sanderson, Murray and Co.'"Sheepskins: The merilio sheepskin market shows no material change. Cross- ' bred, full-woolled, market advanced Id. .to id.; crossbred, coarse, quarter to halfwoolled, advanced id. to 3d. per lb." 1 New Zealand Loan and Mercantile Agency ■ Company, Ltd.. have received the follow- " ing cablegram from their house, • under date June s:—The market is firm. ■ Crossbred sheepskins are Jd. to id. dearer. ! VICTORIAN PRODUCE MARKETS. By Telegraph— Association—Copyright Melbourne, Juno 6. Wheat, Ss. BJd, Flour, £B 15s. Bran and i pollard, £5. Barley, English malting, 3s. • 9d. to 45.: Capo, 3s. lOd. to 3s. Oats, Al--3 gerian milling, 2s. 3d.: feod, Is. lid. Maize, 3 4s. 4d. Potatoes, £2 10s. to £4 12s. 6d. - Onions, £6 10s.

I Variation — I comjmied rrlci. ! with ItiBt week. £ «. <1 2$% Imperial Consols 73 10 0 £5a lowor 1 „N.S.\\ .1933Jan.-July 101 0 0 £03 lower 3i „N.S.\V.1930-50Mr.-Sp 07 0 0 10s lower Si „ N.S.W.-1930-50 00 0 0 Unchanged 3 ,,Js.S.W. 18'25Apl.-Oct B2 0 0 Unchtingod i „Yic. 19120Jan.-July IK) 0 0 50s lower 8i <( Vie. 1921-6 Jau.-July 93 0 0 40sjower „Vic,-192iM9 91 0 0 Uuchangod 3 „Vic.l929-49Jau.-July 77 0 0 40s lowor 34 „H, A. 1010 Jan.-July 01 0 0 Unchanged 3 „ S.A. li)16 Jan.-July 75 0 0 Unchanged 4 ( ,QTdl915-'24 Jan.-July 99 0 0 40s lowor 3i „QTdlfl*2-47Jan.-July 03 0 0 40s lowor 3 „Q , l'd 1922--STJan.-July 76 0 0 >jOs lower 4 „N.Z. 1920 May-No v. 101 0 0 Unchanged si «i N.Z. 191'2-JOJan.-July 68 0 0 40s lowcrj 3 „N.Z. 1920 April-Oct. 78 0 0 Unchanged 3J „W.A. 1915-35May-Nov 68 0 0 Unchanged 3 „W.A, 1915-35 May-No? Bl I) 0 20s lowor ,3j ,,1'as. IWOJau.-July 68 0 0 40a lowor 3 „Tas. 1920-40 Jau.-July 61 0 0 40s lowor