COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1784, 24 June 1913, Page 8

COMMERCIAL ITEMS.

THE STOCK EXCIIAXGE. The members of tho Wellington Stock Exchange observed yesterday (Prince of Wales's Birthday) as a holiday, consequently there are no share quotations to publish to-day.

LONDON MONEY MARKET. Theiro was just a slight improvement in tho London money market last, week. The metal reserve in the hank increased by over £6C0,000, and there was a substantial incroa.so in the amount of the deposits. The rates for three months' bills were sliehtly lower in London, but higher in Berlin. Tho situation will remain as it is until peaco io assured in the Balkans. Tho war cost Austria a very Ercat deal indeed. Austrian and Hungarian official returns of commercial failures in April show that they numbered 42. with liabilities of £604.1(5 , 05 compared with 39 failures for an asttregaU) of £387,500, during the previous month, and 18 failures for an aggregate of £350,000 in April, 1912. In tho i course of & few weeks the demands for I movinjr the crops will bs felt, and then I rates are certain to advance.

Customs duties. collccted at the poTt ol Wellington yesterday amounted to '£884 ICe. Ed. FROZEN MEAT. Mopsrs. Gilbert, Anderson and Co. (Messrs. Mellson. Eliotfc and Co., local agents), writing under dato London, May 16, report as follows:— Supplies of meat to Smithficld market for tho week ending May 10 show an increase of over ICCO tons above the average of last year. The increase consiets principally of chilled beef from South America. Tho demand has inclined to be slow and; on the whole prices a.ro easier. Home-grown.—licef• Scotch, 63d. to 7d.: English, 6 3-Bd. to 6iid; Mutton: Scotch. 7Jd. to 3d.; English, 63d. to 7id.; Dutch, 6id. to 74d. Tegs: Scotch. BJd. to 9d.; English, 7id. to Bid.: English lamb. 7id. to lid.; veal, Bd. to Bid.: pork. 63d. to 71d. Chilled Beef—Actual deliveries havobeen lighter, and prices have meantime risen, but big supplies- are expected next week. Fores, 3£d ; hinds, 43d. Frozen. IScef.—Now Zealand foros, 3d.; hinds. 32d. Australian, 3d. and 3gd.; South American, 3d. and 3 13-16 d.

Frozen Mutton.—The light shipments for March arc now being felt, and a better tone is noticeable. Canterbury, 48 to .56, 45d.; 56 to 64, 4 3-Bd.; 64 to 72. 4 l-16d.: best North Wands. 66 to 64, 4 3-16 d.; ordinary. 4 l-16d.: owes, 3?, d.; Australian wethers, 36 to 50, 3 13-16(1.; owes. 33d.: South American wethers, £6 to 72, 3 13-16 d. Frozen Lambs.—Oft'erings are -plentiful, <md parcels for early delivery are clianeintr hands at lower prices than current (notations. Canterbury, 28 to 36, 6 13-16 d.; 36 to 42, 6 13-16 d.; 42 to 50, 6id.; best North Islands. 28 to 42. 6 11-16 d.; ordinary. 6 3-16(1.: Australian, best 65d., fair 6M.; South American, 28 to 36, 6d.; 36 to 42, 53d.

HIGH COMMISSIONERS CABLEQKAM. Tho Department of Agriculture, Industries, and Commerce hae received the following cablegram from the High Commissioner for Now Zealand, dated London, June 21. (Note: Quotations, unless otherwieo specified, are averasc market, prices on snot):— . Mutton.—Tho market is firm. There is no change in prices. Canterbury. 4}d. ner lb.; light weight, as high as 43d.; North Island. 4id. Lamb-Offerings ore very large. The market is weaker. Prices have declined, with the exception of fours. Canterbury twos. 6 3-8(1. per lb.: heavy-weight fours. s*d.; other than Canterbury, 5 3-Bd. to 6(1., according to weisrht: iieht-wcight. as liicli afl did. „ , , Reef—Tile market is firm. New Zealand hinds, 32d. per lb.; foros, 31d. Large supplies of cliillcit beef are comine forward, but, prices are firmer. Hinds, 4id. per lb.; fores, 3{d. Butter.—The market is steady. A Eood demand continues for choicest, New Zealand and Australian. There is no cha.nj-e ill prices, excepting for Danish, which has advanced Is. 'Id. per cwt. Australian, _exccptionally, per cwt.. 110s.; choicest New Zealand, 113=-: Danish, 121s. Cheese.—There is a, good demand for cheese. Tlio market is firmer. lieeent. shipments of clieceo are of bettor quality than previous ones. Approximately estimated dccreaso June-make Canadian 16 per cent. New Zealand white, per cwt.. 616. 6d.: coloured. 595. 6d.: Canadian, new make. white and coloured, 59,5. 6d. to 60'. 6d. Ifemn.—The market opened dull at last ouototiolis. but lias been inlliioviuu. and there io now more demand. The marknt is somewhat steadier now. luis been done with-.-New Zealand, fair grade, ner ton, .£24 155., e.i.f.: Eood fair, buyers offer £28 lfe.. possibly .£29: fair current Manila, ,630. Forward shipment: New Zealand, eood fair. £29: fair. £25: fair current Manila, £29 lCs. The output from Manila, for the weak was 16.CC0 .bales. Wool.—The market is ouiet, but Mcady, The.ro la no c&aaco in prices for toss.

LONDON MARKET. By Telegraph—Pre;* Association—Copyright, London, Juno 22. Copra, is in fair demand. South Sea, in baes. £23 lfe. per ton. Cottoll.-Jullc-.Tuly shipments of middlinc American cotton tiro cleariw; at G.s4*d. per lb. Jute—Native nr6t-m0.r1;6, June-July tmpinrnt. arc ouoted at £29 por toil, New Zealand ]Icim>.—Tho market is steady. Fair smde. June-July shipment, is (juotcd at £25 per ton. Rubber—Fine hard l'nra rubber is Quoted at 3s. Bid. per lb. WHEAT AND YMHTR. London, June 22. Tli? whoai and flour afloat, for the United Kingdom totals 5.835,0 CC quarters: for the Continent, 2.430.000: Atlantic', shipments. 585,0K); Pacific, nil. Tho total shipments to Europe during the week totalled 1 4.570,CC0 (martcr;, ineludintr 77,000 Australasian. METAL GOODS. Galvanised iron, first brands, £16 ss. per ton; seeond, £14 ss. Tin plates, T.C. coke. 146. 3d. per cwt-.: I.C. charcoal, 15s. 3d. Tram rails, are miotcd at £5 13s. per ton.