COMMERCIAL ITEMS.

Dominion, Volume 7, Issue 1888, 24 October 1913, Page 10

COMMERCIAL ITEMS.

INVESTMENT SHAKES. There were no transactions in investmcnt shares yesterday. The quotations were a® under:— Buyers. Boilers. £ s, d. £ s. d. National Book 5 7 6 — K\Z. Loan andMer. (pref.) 97 0 0 — Well. Investment —' 0 12 0 .Well. Trust and Loan ... 7 2 6 — N.Z. Insuranco 5 6 0 — Gear Meat (£4) 1-3 0 0 — Gear Meat (£1) ..# 5 9 0 — Well. Woollen (ord.)., — 4 16 Westport-Stockton 0 3 11 — tieyland-O'Brien — 14 3 Golden Bay Cement — 0 19 J Sharland's ordinary 110 — Sharland's . preference ... 1 1 3 — WOOL AND THE AMERICAN TARIFF, The following is an extract from a letter dated Londou, September 12. recontly received in Wellington from a well-known authority in London wool circles"Tho new U.S.A. Tariff Bill passed in tto Senate yesterday, and, according to all accounts, it ia likely to become low in it-3 present sliapo witnin t.ho next fortnight-, but it appears that raw wool wili not be freo from duty till December 1, and manufactured woollen goods till January 1 next. However, it ia an immense relief to tho trade to know that the thine is -sottled at last- It will take some time beforo th© mills in America can settle down in. fuc-e of buoli a great change. In fact, it is more than likely that some of thorn will ehut down until they eee how '».ngs arc goins tp shape. They say they cannot compete with other oountrie? if they pay their hands the present rate of wages, and if they reduce wage 6 tho band* wili in all probability eome out on strike. . They aro evidently between tho "devil and the deep sea." However, what may be their loss may provo to be a big benefit to Yorkshire, inasmuch as she may get some large orders for piece Eoods. Sooner or later the wool market must gain by tho changes but what 1 we are all anxious to know at the moment is, will that benelit come this year? If a iargo quantity of wool was kept back till November, and it then turned out that- free wool was not to bepeiit the market, to the extent expected, it is to bo feared that a drop might take place, andi everybody would want- to clear stocks out then, which would aggravate matters. There is a lot of wool held in Bradford. as well as In London, waiting for tho boom in- America, but suppose it doesn't- como off? However, wo do not take an alarmist vitSw of the' matter, although what we have mentioned is just a possibility. It is a great pity that- tho coming into forcc of this new tariff on wool is deferred till December 1, as it will probably prevent any large American orders coming In for the September auctions. It is. however, too soon to fay for certain. There ia plenty of time for American buyers to como over before tho sales open. "What is wanted to make the market, Imm is an "American buy" or 15,000 to 20,000 bales, but this is very improbablo. COMPANIES REGISTERED The following appear in tho list of companies registered published in thl6 week's "Mercantile Gazette":— Karamea Sluicing and Prospecting Syndicate Co., Ltd. Registered as a private company October 21. Office, 23 Wichsteed Place, Wanganui. Capital—£l3oo, into 520 shares of £2 IPs. each. Subscribers: H, T. Cliaffey, Upper Te Kaha, 260; T. R. Sault, Wanganui. 26; E. J. Thawlcy. Wellington, 13; F/. Sutherland, 52: W. G. Moore, 13; G. E, Terrant, 13; E. H. Whiteman, 13: A. ft. Coe, 26; A. E. Task-er, 26: J. M. Mills, 13: Uru Hamiora. 13; H. H. Thompson, 13; H. A. Hatheriey, 13; W. J. T. Gilberd, 13; T. H. Battle, 13. Objects: To carry on the business of miners, mine owners, and prospectors. Denha-rd Automatic Baking Co., Ltd. (incorporating The Denhnrd Bread Co., Ltd., H. Langdon and' Sor* and Davies and Sons). Registered as a t>riv;i to comnony October 16. Capital—£l2.ooo, into 12.000 shares of £1 each. Subscribers—Wellington: Denhard Bread Co., Ltd.. 4000; H. Langdon, sen.. 3875: H. Langdon. jun., 25; P. La-ngiten, 1P0; D. H. Davies. 1334: B. V. Davics, 1333; W.D. Davres, 1333. Objects: Bakery business and incidental. Koputai Salvaging Company, Ltd. l?e?is- ! terccl as a nrl'vate company October 15. Office, Port Chalmers. Capital—£looo, into ; 20 shares of £50 each. Subscribers: R. C. { Miller. 3: J. M'D. Stevenson. 4: T. J. Harrt- i son O. Stevenson, and A. Miller, 2 each; ' TFT Hornby, M. Solomon, J. Thompson. W.Thompson. W. J. Gray. A. W. S. ITillicr, ,T. T. Sullivan, all 1 each. Objects: To enter into any contract with the owners or underwriters, or as the case may lie. of fh" pteam c hin Tyrone, for the purchase or salvage of the said steamship and cargo Patent Lifeboat Co., Ltd. Registered (Jctobcr 21. Office, Christchurch. C:iuitn.l—£2CPo. into 2COO shares of £1 each. Subscrilfcri—Christ-cluirch: A. V. Msttrs, 25; A. C, Reed, 25: J. H. Skipworth, 2-5; Jt B. Low, 25; R. Jones, 25; A. C. Brown, 50; J. B. Adams, 1. Objccts: To exploit certain inventions in relation to life-saving buoys, safety or unsinkablo boats, etc. '' LINSEEN OIL AND TURPENTINE. Raw linseed oil, spot pipes. £22 per ton. Turpentine is quoted at 31s. CUSTOMS REVENUE. Customs duties collected in Wellington yesterday amounted to £3371 19s. 6tl. LONDON MARKETS. The N.Z. Loan and Mercantile A-seury Company, Ltd., have received the following cablegram from their London house, under date October 22:— Tallow. --Wo quote spot values for t-lie following descriptions:—Fini? mutton, 365. 6d. per cwt.; good b«>f, -345. 6d. per cwt.; .railed beef. 335. 3d. per cwt-. Tho market jijjss a. lower tendency. Wheat,-Wo have sold on Australian cavao at 345, 9tl. c.i.f. The ma-rkot ia firm _ {in*, Inactive, owing to increased euppllos,

General market prospects—the out-loot; is discouraging. Wo Quote per Quarter c.i.f, K'cw Zealand) wU'eati-Long-berried, J3s. 6d.; short-berried, 335. Oats.-Oartons, 215.; Sparrowbills, 20s. 6d. The outlook Is discouraging. SILVER. By Telegraph—PTess AsGociation— Copyright London, October 22. Bar silver is Quoted at 28' 3-18 d. per ounce standard. TALLOW. By TelezrrapU—Press Association—Copyright (ltec. October 23, 9.30 p.m.) Londoni October 23. At the tallow sales, 1338 caelss Were offered, of which 334 were sold. Prices were unchanged. HIDES. Molboiirno, October 23.. Hides—Average supplies, good, competition; prices stead?. AUSTRALIAN PRODUCE MARKETS. (Rec. October 23, 9.30 p.m.) Sydney, October 23. Wheat (old), 3s. sd, 3s. 6d. Flour, £8 15s. Oats, Algerian feeding, 2s, 7d„ 2s. 16d.: milling, 2s. 10d.; -SpTrrrowbills. 3s. 2d., 3s. 3d.; Giants, 3s. 3d., 3s. 4d.; Now Zealand "A" Gartons, 3s. 4d. Maize, 4s. 5d., 4s. 6d. Barley, Oapo malting, 3s. Id., 3s. 6d, Bran and pollard, £4 lde. Potatoes, Tastnonlans, £5. Onions, Victorian. £8, £10; Japanese. £!0. Butter, selected, 1075.; secondary, 100s., 105 a. Cheeee, 6*d. Bacon, 10d„ IOJd, Adeiaido, October 23. Wheat, 3s. 6d. riour, £7 155., £8. Bran and pollard, Is. WHEAT. CRec. October 23, 11.55 p.m.) / London, October 23. ' The American visible supply of wheat east of the Rockies is 99,728,000 bushcle.