COMMERCIAL ITEMS.

Dominion, Volume 7, Issue 1887, 23 October 1913, Page 10

COMMERCIAL ITEMS.

INVESTMENT 6HARES. A sale of Equitable Building shares at £8 15s. was the only transaction recorded in investment shares yesterday. The Quotations were as under:— Buyers. Sellers. £ s. d. £ s. d. National Bank 5 7 6 , — Union Bank — 65)10 0 Well. Investment — P 12 0 Well. Trust and Loan ... 7 2 6 — Napier Gas (£10) 16 0 0 — West port-Stock ton 0 3 11 — Lcyland-O'Brien — 14 3 N.Z. Drug — 2 7 0, Sharland's preference ...113 — NEW ZEALAND SHIPPING.' • The "Financial Times" Of September 10 says:—"l'ho advance of li to 20 which occurred yesterday in the price of the £8 shares of the Now Zealand Shipping Company, coming a 6 it does on top of a steady upward movement extending over a prolonged period, requires a. more deEnit-e explanation than merely that of expanding prosperity. This, we believe, 'is to be found in the rumour, prevalent in -shipping circles, that an understanding lias been arrived at between the Company, the Royal Hail Steam Packet, and at least, one other lino engaged in the New Zealand trade, in regard to a common policy concerning t.ho far-reaching changes which will result from the opening of tho Panama Oanal. The intention, it is reported, is to arrango sailing dates on a basis mutually agreeable to the Tespect'fts companies. and also to allow an interchange of tickets. Other concessions will also be made, calculated to facilitate the ' profitable -working of the fleets. Any joint scheme of this nature is calculated to make itself felt witli more concentrated effect upon the fortunes of the New Zealand Shipping Company than upon those of the-other lines, and in this anticipation 1 presumably the market is putting up the shares to a level which, while only offering a moderate Teturn on the basis of the 10 per cent, dividend paid for 1912, is probably -not more than their intrinsic merits warrant." GOLD OUTPUT. The gold yield of Australasia- for the nine months of the current year, when compared with the output for tfte corresponding period of last year, shows a deficiency of 103,459 fine ounces, the improvement shown by New Zealand bfing 8020 fine ouncw. The aggregates are given in the table below:— ,1912. 1913. .Fine 07.. Fineoz. • West- Australia 976,172 972,503 Victoria 380,246 ,151,203 New South Wales 121,925 107,152 Queensland * 260,677 200,387 Tasmania 30,234 26.5C0 South Australia 5,C00 5.C-C0 Commonwealth 1,774,224 1,662,745 New Zealand 257,716 265,736 Australasia 2.031,940 1,928,481 The Australian shrinkage is 111.479 fine oz„ Victoria's total decrease 29.0430z., New South Wales produced 14,7730z. less, Queensland 80.31C0z .less, and West Australia--36690z. lees. FINANCIAL CABLEGRAMS. By Talezraoh—Press Association-Copyright London, October 21. Yesterday's closing Quotations were as follow— . Bank of Australasia, buyers £113, sellers £115. . Rank or New South Wales, buyers £33, seller* JJ4O. ltank of Victoria, buyers £3 155., sellers £4 ss. Unif>n Bank of Australia, buyers £54. sellers £55. National Bunk of Australasia, buyers £5 5a.. seller. l ; £5 15s. National - Bank of New Zealand, buyers £4 155., sellers £5 ss. Bank of New Zealand, buyers £10 15s„ tellers £11 15s. N.Z. Loiui and Mercantile Aanncy 4 nor «at, debentures, £69 IDs,, ex dIT.

I City of Melbourne, 4 per cent, debeii- | turn, £98. Melbourne Harbour Trust, 4 pej: cent, debentures, £97. Melbourne Tramway Trust, 4J per cent, debentures, £I£o. Melbourne and. Metropolitan Board of Works, 4 per cent, debentures, £96. Australian. Mercantile Debentures, £90. Daigety and Co.. 4 per cent, debentures, £91. Dalcety and Co.'s shares, buyers £6, sellers £6 10s. Melbourne Gas Co.'e debentures, £97, City of Sydney, £58. Goidsbroiiffli, Mort and Co.'s debentures, £93 10s. Bank of New Zealand, 4 per rent, cuar- ' anteed etock, £iOO. EXPORTS OP PRODUCE. The values of the principal products exported from New Zealand' during the first half of the current year, compared with the flmires. for 1 the corresponding period of 1912, show as under:-- " 1913. 1912. £ £ Butter 45,347 70,640 Clie-esi) 34,151 31,980 Beef ; 1,962 2,363 Mutton— Carcasses n..., 13,446 25,529 tew and pieces — 1.870 Lamb 15,191 6,409 Wheat 57 1,399 Oats 2,532 27,078 Potatoes 165 27,281 Homp 39,331 14,615 Rabbits 1.618 3,603 Tow 1.943 I.CC 6 Gum 7,544 37,485 Graiii and pul«e 576 14,921 Hons 2.220 2? Hides 14.999 14,381 •Skins - 37,784 25,087 Tallow 12,084 18,868 Timber ! 17,429 37,172 Wool 41,448 53,059 Gold 59:145 39,397 <, £348,992 , £456,155 SILVER. By Telegraph—Press Aesociation—CopyrltrM London. October 21. Bar silver is Quoted at 28id. per ounce standard. JUTE. Br TftlsffM'Ph—Press Association—Oopyrtehi London, October 21. The jute market is flat. October. £35 10s. per ton. WHEAT. (Bee- October 22nd.'10.5 p.m.) 1 • London, October 22. Wheat ca-rgoes are active with steady demands. METAL MARKETS. (Rec. October 22. 10.5 p.m.) London, October 13.. Copper—£7s 2s. .-sd. (spot), £74 12s. 6d. (three months); electrolytic. £78. Tin—£lß4 per ton (snot), £184 10s. (three . months). Lead—£2o 10s. Customs duty collected at the port, of Wellinston yesterday amounted to, £4149 18s. id. BRISBANE WOOL SALES. By Tcieerratsh—Press Association—flopyrieht Brisbane, October 21. At the-third of the 1913-14 series of wool sales, competition was jrencral. Gorman and French buyers were tlie largest operator. Greasy reached 145 d„ and scoured 25id. • ,