COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1826, 12 August 1913, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES. There wero no transactions in investment shares yesterday. Tho quotations were a.s under:— Buyers. Ecllore. £ s. d. £ 8. d. Hank New Zealand ' 10 5 0 — National Bank 5 3 6 — Union Bank (£10) 15 17 6 — N.Z. boon olid Merc 0 10 4 — Wellington Investment ... — 011 8 Welt. Trust and Loan ... 7 1 3 — K B. Insurance 3 15 9 — Meat Export (525. 6d.) ... 3 0 0 — N. 7.. Shipping 15 15 0 If ! f ljmiion Steam — 2 3 6 Well. Woollen (ord.) 3 13 0 — lLikurangi Coal — 0 U 0 Westport Coal 17 9 - Wostport-Stoukton 0 3 11 — Leyland-O'lirlen. — } J ' (lolden Bay Cement ■ - 10 0 Manning and Co 4 4 0 Rharland's nrefcrcncc .... — ! } „ Ward and Co. "1 15 6 5 1 0 W.F.C.A. (£5) - 7 2 6 W.F.C.A. (£1) - 183 CANADIAN LAND BOOM. The Canadian land boom ill l.lic outer limits has collapsed, and the roal citato <i"ents arc soeking fresh fields. Borrowed money has helped to lioom Canada, and now that borrowing has to be curtailed there i= quietness. The "Monetary Time.-." of Montreal, admits t-hflt the world-wide monev stringency is limiting Canada's •borrowings. ' As A result, the (•ofmtr.v, chiefly through its banks, has applied the 1 brakes one notch, and trade conditions aro

a little nuiet- ,l[li slx " 1 M money marliot conditions improve, London may expect a. procciision of Canadian applicants for fund*. It is lie secret. cither that many of the applications will bo of a secondrate nature, and pome will be given the cold shoulder liy the Uritish investor. On tho other hand, a large number of legitimate enterprises need financing, and will, no doubt, be given favourable consideration. The Australasian, position is very similar to that of Canada in tho matter of need*. When Canada is able to resume borrowing on a. large scale, the .real estate agents will again find profitable employment. URITISH TRADE. The volume of British trade fliows no sigua of declining, on the contrary there is continued oxpanc-ion, and each month sees a. substantial improvement on tlie corresponding month of last year. The figures for each of the seven* months under the different headings compare as under:— Imports. 1912. 1913. £ £ .Tanuarv ... 60,092,582 71,371,123 February ... 59,719,722 61,796,373 Mil-ell 61,192,539 61,112,058 April 60,415,114 62,966,313 Mav 55,130,632 61,341,920 Juno 60,663,965 58,318,1C0 July 58,304,351 61,791,604 £405,518,955 £ 438,697.491 Eiport3 of U.K. Merchandise. January ... 40,416,612 45,445,699 February ... 37,490,329 40,172,753 March • <0,713,971 39,737,995 April 32,887,127 43,052,589 Jlay 38,832,475 43,858,262 Juno 34,972,331 42,836,568 July 41,985,360 < 7.164,208 £267,299,405 £302,268,074 . Re-exports. January ... 9,594,626 10,705,961 February ... 10,724,619 10,746,251 March 10,866,706 9,633,223 April 10,084,058 10,060,720 Jfay 10,825,163 9,370,315 June ......... 5,738,549 8,541,117 July 7,093,669 8,311,343 £64.927,390 £67,368,930 Fo>r tho seven months, the imports increased by £33,178,536, tho exports by £34,968,669, and tho re-exports by £2,441,540, TEX MONTHS' EXPORTS. • The values of the principal products exported from New Zealand during each of ths ten mouths ended July 31 last, compared with the figures for the corresponding months of the past season, show as under 1912-13. 1911-12. October ... . PJJ.2O2 614,007 November ... 1,148,094 1,146,503 December ... 1,704,810 1.285,122 January ... 2,826,257 2,490,165 February ... 3,629,785 2,984,753 March 2,527,987 2,465,077 April 2.362,445 1,999,808 May 2,050,220 2.373,802 Juno 1,835,971 1,303,237 July 1,536,516 940.C60 £20,575,287 £17,602,534 Tlie increase for the ten months amounts to the substantial sum of £2,972,753, and it is now fairly certain that when the season closos on September 30, the increase will bo ill the neighbourhood of £3,250,000. SIR J. WARD OX MONEY MARKET. (By Telegraph.—Pres« Acsociation.i Chrlstchurch, August 11. Sir Joseph Ward, in an' interview, declined to talk politics. Referring to the money market, he said ho looked for an early improvement. Large sums of . money wero available in Enrjlo.nd every year for investment. The United States demand was falling'off. and with the improvement in the international position there ought to be an easier market-: HIGH COMMISSIONER'S CABLEGRAM. Tho Department of Agriculture, Industries, and Commerce, has received the following cablegram from the High Commissioner for Now Zealand, dated London, August 9. (Note.—Quotations, unices otherwise specified, are average market prices oil spot):— Mutton.—The market is steadier. I'rice3 aro firmer for heavy-weight. Canterbury, 4id. Pc lb.; heavy-weight, 4 l-16d.; Korth Island, 4Jd.

Lamb.—Tlio market is depressed, and priocs have declined. There is a small demand. Canterbury two's. 5 9-16 d. per lb.; heavy-weight four's, 4Jd.; other thanCanterbury, 5Jd. Bcaf.-Tlio market is quiet. There is a poor demand' for fore?. Nc,v Zealand hinds. 4d. per lb.; fores, 3d.; chilled hinds, 5d.; fore®, 3d.li.iver Plato shipments received during the month of July, 1913:— Mutton. Lamb. • Lond'on ' 3?,1-'6 23,833 Liverpool 96,675 11,275 Cardiff 4,911 ■ 855 Hull 6,297 . 2 ; Southampton ... 2,702 ECO IS'owoactlo 9,974 — J57.7C6 36,766 . July, .1912 259, CM 72,662 Butter.—The markot is weak. Priccs aro virtually unchanged. Cheese.—The market is firmer, especially for Xcw Zealand, owing to a small cupply. Canadian make is still declining, owing to droughty conditions. New Zealand white, per cwt., 6fe.. to. 67s.coloured, 655. to 665. Hemp.—The markot is firm,, with hardening tendency. There is a general and o.ctive demand. Holders are firm. New Zealand good fair grade, per ton, £31 10s.; fair, £27 10s.; fair current Manila, £31 10s. August to October—New Zealand good fair, £32; fair, £28; fair current. .Kabila, £31 10s. Tho output from Manila'.for tho week was 19,C00 bales. ' ' Wool.—The market is firmer, and the demand is expected to .increase. Prospects are favourable. FHOZEN MEAT. Messrs. Dalgoty and Company, Limited, Wellington, have received the following cabled information from their London oflicc:— I The markot is quiet. Beef: Demand is poor. Quotations: Prime ox foTes, 3d.; hinds, 33d., La.mb: Demand is fair. Quotations: Canterbury, light sjjd., heavy 48d.; North Island, light s}d„ heavy 44d. Hutton: Demand fair. Quotations: Canterbury, hravy 4d., light "lid.; North Island, heavy 3Jd., light 4Jd. By Telegraph—Press Association—Copyright London, August 10. The Incorporated Society of Meat Importers' Smithfield market ouotations for the undermentioned classes of frozen meat aro based on actual sales of not less than one hundred carcasses of mutton or lamb, or twenty-five quarters of beef of fair average quality. The ouotations aro not for selected lines, but for parcels fairly representative of tho bulk of the shipments now on the market. The prices which follow are on tho averace a farthing per lb. more than the values ex ship, this difference representing the average cost in expense, handling, convc.vacce, and selline the meat:— Aug 2. Aug. 9. Mutton— d. d. Canterbury, light 4} 4J Canterbury, medium 4J sj Canterbury, heavy 4 41-16 Southland * • North Maud, 4'- 4JNortli Island, ordinary... 41-16 41-16 Australian, light 33 33 Australian, heavy • * Kivor Plate, light * * llivcr Plate, heavy 315-16 315-16 New Zealand ewes 35 31M6 Australian owes • • llivcr Plato owes 3jj ' 3J LambCanterbury, light 5g 5 9-16 Canterbury, medium ... 51-16 5 Canterbury, heavy 43 4jj Southland 5i s,'i North Island, ordinary 5 3-16 5 3-16 North Island, selected ... 51 51 Australian, beet i... • • Australian, fair • • Australian, inferior • • TCivor Plate, first * • Hirer Plate, second • « BeefNew Zealand, ox fore,' ... 31-16 3 New Zealand, ox hindf ~4 4 Australian, ot forc.s 31-16 3 Australian, ox hinds 33 33 "River Plate, frozen fores 3 215-15 llivcr Plate, frozen hinds 4 4 Diver Plate, chilled fores 3 3 Kivor Plate, chilled hinds 4J 5 •Nono offering, WHEAT. By Telegraph—Press Association--Copyright (Ilcc. August 11, 11.45 p.m.) London, August 11. The "Times" estimates that the prospects of the British wheat output on August 1 at 91.4 por cent.; barley, 85.76 per cent.; oaift 82.65 per cent. Owing to the Tta.ud strike tile output for July has largely decreased. WHEAT AND FLOUR. London, August 10. The wheat and (lour afloat for the United Kingdom is 2,530,000 quarters; for the Continent. 1.790.CC0 quarters; Atlantic, shipment#, 808,000; Pacific, 11.000. The total shipments to Europe during the week amounted to 1,560.000 quarters, including <13.000 from Australasia. Tho wheat markets aro dull and lifeless. Prices for ca.rioes are unchanged. The United States Bureau of Agriculture cfit.i mates the yield of winter wheat, at. 511 million bushels, and tho spring yiold at 233 million.