COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1846, 4 September 1913, Page 10

COMMERCIAL ITEMS.

INVESTMENT SHAKES. A sale of New Zealand Shipping Comlany shares at £15 12s. 6d. v.-ae the only transaction recorded in investment shares rcsterday. Tho quotations were as .indur:— Buyers. Sellers. £ s. d. £ s. d. Rank New Zealand 10 8 0 10 12 6 Equitable 'Building' ......... — 9 0 0 National Mortgage (London lies.) — 4 10 S\Z. Loan and Mercantile 010 4 — IVell. Investment — • 011 8 Well. Trust and Loan ... 7 1 6 7 2 6 Palmerston N. Gas 9 0 0 — Well. Gjs (£10) 15 17 6 N'.Z. Insurance 6 5 6 — Standard Insurance — 1 12 3 Meat Export (525. 6d.) 3 10' 336 S'.Z. Shipping 15 10 0 15 15 0 Union Steam 2 4 0 — Kaiapoi Woollen (ord.) ... — '5 0 0 Well. Woollen (prof.) - 3 2 6 Tanpirl Coal 110 — Westport Coal '. 18 6 19 0 raringamutu Tote.ra - 2 4 6 — Golden Ray Cement ...... — 10 0 ['land's preferonco ... — 119 W.F.C.A. (£5) - 7 2 6 W.F.O.A. (£1) - 1 B 3 NEW ZEALAND BUTTER, Tiio monthly average, of wholesale top prices of "choicest" salted New Zealand butter for the past season compared with the previous season, as shown by Messrs. W. Weddel's "Heview," is as under:— 1912-13. 1911-12. Per cwt. Per cwt. s. d. 6. d. July 114 8 - . August — — September — — October — November '. 119 0 131 0 December 123- 6 132 0 January 117 0 134 9 February 117 0 132 9 March 120 0 128 3 April 116 0 117 6 May 114 5 114 0 Juno 115 0 115 0 The averago for the year was 117s. 4d., as against 1255. Bd. ill 1911-12, and 109s. Id. In 1910-11. PROPERTY SALES. Messrs. Dalgety and Compauy, Ltd., Palmerston North, report having recently, effected privately the following rales of properties Account Messrs. Nowton Bros., and Lynnoberg, Pohingina, 1451 acres freehold, to Messns. Ro;rward, Gray, and Abbott, Palmorston North; account R. T. Bell, Bulls. 363 acres freehold, to Mr. Jas. Wilson, of Marton; account Mr. B. C. Eglinton, Koma'ko, 1120 freehold, to Mr. Douglas G. Forlong, of Eunnythorpe; account Messrs. Skermau and Podevin, To Iloro, 20 acres freehold, to Mr. John W. Bradoy, of Bunnythorpe; nccount. Mr. W. I. Lovelock, Aokautere. 65 acres leasehold, to Messrs. Pitt Bros., of Stratford; account Mr. W. Remnant, Papatawa, 265 acres freehold, to Mr Asher Love, of Waiata; account Mr. A. Love, Waiata; 620 acres leasehold, to Mr. J. Bruce, of Cheltenham; account Mr. Frank Foote, Palmerston North, residence, to Mr. B. C. Eglinton, of Komako; account Mr. John Mason, Mangawelsa, 1014 acres freeliold, 315 aero? lemsehold, to Mr. W. F. Stevens, of weku; account Mr. Ernest Rowling, Tiriraukawa, '827 acres Native lease, to Mr. Yictor Anderson, of Eketalvuna; account Messrs. Whitmore Bros., Linton, 1221 acres freehold, 353 acres leasehold, to Mr. Jolui Mason, of Bulls.' NOTES. The war in Tripoli cost Italy £21,880,000, and this outlay, it is stated, will have to be defrayed out o£ tho Budgets of a series of years, but it is hoped the whole sum will be paid off in 1923. Sir Felix Schuster, presiding at tho annual meeting of the Union of London find Smith's Bank recently, stated that the Balkan War had already cost ,£240,000,000 sterling. Consequently, it is not surprising that the money market is so adversely aO'ccteU. . It was, however, cheering to hear such a high authority speak so hopefully as he did of the general outlook, especially as regards tho Homo trade, in which he saw good prospects ahead. M. Edmond Thierry, director of "L'Economiste Europeen," has calculated the loss in 162 leading French securities botwecn December 31, 1912, and June 30, 1913. llis figures show that these securities have depreciated in value from £2,250,400,cc0 to £2,153,720,000, or 4.3 per cent. Rents have fallen in value £54,C00,CC0, guaranteed railroads £22,160,C00, industrials £15,440,000. and Paris City ' Credit Foncier £9,123,CC0. No such depreciation was every before recorded. As a state of war in the Balkans existed two months before December 31. M. Thierry reckons that that conflict caused a depreciation in French securities of at least £120,000,000. It is becoming increasingly clear that tho world's supply of- furred skins is being rapidly outstripped by the demands. In America the skins are collected mostly ay largo companies, which control elaborato systems. Sales were formerly conducted on the American side of the Atlantic, but now many of the furs, particularly the more valuable ones, are consigned direct to London, a limited proportion only being reserved for American houses. Of the skms collected in the Old World, those of tho finer Qualities are consigned to the sale rooms in tho English market, where, in short, tho majority of the fine fnra of the world «ro sold. A United States authority estimates that Russia alono produces annually 4,525,000 squirrels, the Saw pelts,of which are valued at approximately £500,000. Tho popularity of the musk rat or Hudson Bay seal has increased enormously of late, and sales now represent about 9.C00.000 per annum, of which 6,0f0,0C0 are disposed of in London, 1.000.CC0 in Leipzig, and 2.C00.0C0 in America. Ermine pelts to tho number of 200,000 change hands every yctir in Russia, and it is reckoned that about 83,000,000 rabbit skins are imported into the United Kingdom. Leipzig is tho most important city in regard to the fur dressing and manufacturing industry. The . main demand for Australian skins comes from Prussia and _ Northern Germany, and for opossum skins , moro orders than can possibly be executed have for a long time past been offering. FINANCIAL CABLEGRAMS. By Telegr/ph-Press Association—Copyrleht London, September 2. Yesterday's closins quotations were as follow:— Bank of Australasia, buyers £116, s.ellers ,£llß. Bank of New South Wales, buyers £37, sellers £40. Bank of Victoria, buyers £3 155., soUcrs £4 ss. Union Bank of Australia, bnyeirs £52 10s„ fellers £53 10s. ... . .. National Bonk of Australasia, buyers £5 55.: sellers "5 15s. National Rank of New Zealand, huyers £4 15s-., sellers £5 ss. Bank of New Zealand, buyers £10 10.3., sellers £11 10s. I N.Z. Loan and Mercantile Agency 4 per cciiit. debentures, £92 10s. City of Melbourne, 4 per cent, debentures. £99. • Melbourne Harbour Trust, 4 per cent, debentures, £96. Melbourne Tramway Trust. 4i per cent debentures, £100. Melbourne and Metropolitan Board or Workp. 4 per cent, debentures. £97. Australian Mercantile debenture. £90. Dalgety and Co., 4 per cent, debentures, Dalgety and Co.'s shares, buyers £6. sellCTO £6 10s. Melbourne Gas Co '* debentures, £99. City of Sydney, £97. ' Goldsbrougli, Mort and Co.'s debentaros. £93 10s. Ban It of New Zealand, 4 per cent, guaranteed stock, £100. metatTjiarjcetp. (r.ec, September 3, 11.45 p.m.) London, Sept ember 3. Copper is ouoted at E7l 12s. 6(1. per lon (,-poi), and £71 Bs. 9(1. (three months 1 . Im, £19 ss. per ton (spot), and £193 15s. (three months). Load, £20 12s. 6d. SILVER. London, September 2. Bar silver is quoted at 27 9-lSd. Ncr ounce standard. ' _J