COMMERCIAL ITEMS.

Dominion, Volume 7, Issue 1892, 29 October 1913, Page 10

COMMERCIAL ITEMS.

INVESTMENT SHARES. Tliere were no transactions in investment shares yesterday. The quotations were as under:— Buyers. Sellers. £ b. d. . • £ s. d. National- Bank 5 7 6 — N.Z. Loan and Mercantile 97 0 0 — Wellington Investment ... — 0 11 9 Well. Trust and Loan 7 4 0 — Christchurch Gas — 7 0 0 Gear Meat (£4) 13 0 0 — Gear Meat (£1) 5 9 0 — Union Steam (ord.) ; 1 4 6 • 15 3 Union Steam (prof.) 0 19 3 0 19 9 Well. Woollen (ord.) — 4 16 Golden Bay Cement — 019 6 N.Z. Con. Dental 10 9 — WELLINGTON WOOL SALES. The strike of waterside workers will not materially affect the. wool sales, which aro to be held in tho City on Tuesday next Most of the wool will he coming from tho Wairarapa, and Manawatu districts, and it is only the Marlborough and Sounds wool that would feel the pinch. But shearing across the Straits has not begun in earnest, and in any -caso only a vory limited quantity of wool is to bo expected from there for tho opening sale. A GOOD SIGN. The reduction or the discount rate of the Imperial' Bank of Germany from 6 per cent, to 5i per cent, is the first really favourable money market hews we have had for some time. The German bank rate was raised to 6 per cent, on November 14, 1912, so that this high rate has been maintained for nearly twelve months. Tho reduction to 54 per cent, is an indication that the position in Germany is easier, and that tho political outlook is lees disturbing than it was. Tho Berlin bank rato is h per cent, above the Bank of England late, and 1J per cent. • above the Parle bank rate. Tho downward movement means that there is a probability of money becoming slightly cheaper in tho near future. TRADE IN ALLEN STREET. ADVANCE IN PIUCES. Tho strike of waterside workers has had a terious effect on the produce markets, especially on such produce as comes from thi) fioutli. Thus, old potatoes have advanced 3Us. per ton, and flour 225. 6d. per ton. Fruit, too, ia being affcctcd. Island fruit, per Navua, had to be carricd on to Christchurch, und sold there, while tho Syducy steamer due to-day is not bringing any iruit. This will create a shortage here presently, and prices must advance. Tho market movements were as under:— Vegetables.—Cabbages aro almost unsaleable, the market being glutted. Cauliflowers liavo good inquiry, and satisfactory prices are being obtained. Carrots and parsnips aro meeting with good demand, and rhubarb is selling freely; lettuco js in heavy supply. Several consignments of lettuces were blocked on the Main Truiik line, and when they readied Wellington had to be carted to the destructor. The green peas on board the Nikau from Nelson, if not allowed to bo discharged, must cither bo taken back' to. Neleon or become valueless if kept long on. hoard. New potatoes are .in light supply. and excellent prices are- being realised. Tho market will decline as soon as supplies increase. Asparagus meets with a gooa domantl. Fruit.—Transhipments ex Vancouver steamer were landed at Napier, and Tailed to Wellington, this course being necessary owing to the strike. A few Californian peara also camo by the Vancouver fcteameiv Tho Wellington consignment of bananas by tho Navua was taken on to Lyttelton, and sold In tho Christchurch market Tho Sydney boat duo to-day Is not bringing any fruit. Potatoes.—Old potatoes havo advanced 30s. per ton, and are now quoted at £5. Onions.— I The Japanese onions, which arrived hero last week, came to hand in bad condition. Californian onions are selling a-1 £11 to £11 lfo. per ton. Flour which a week ago was selling at £9 17ej. 6d. per ton Is now, quoted at £11, owing to the strike and tho consequent difficulty of gc-tting supplies. Fowls' wheat lias good inquiry at 4s. to 4s. 6d. per bushel. Maize has advanced in value, and is now selling ot, fa. 6d. to 4s. 9d. per bushel. Bran —Fairly heavy stocks are held in Wellington, and prices rule at £4 15s. to £5 per ton. Pollard lias good inquiry at £6 to £6 ss. per ton. Oatmeal is dull oT solo, at £13 to £13 IC6. per ton, ex store Wellington. liollcti Oats.—Thistle brand in 4Jlb. bags, 10?. per dozen; Crcamoata. 10s. 6ft. Clinll'.—Supplies are light. Prim quality, £5 ss. to £5 10,s. per ton. Eggs—Fresh eggs are .ruling between la. 3d. and Is. 4d. per dozen. Butter ha* moderate inquiry: prime milled, in built, lOd. per lb. Prussian blue peas are dull of sale at,ss. 3d. to ss. 6d. a bushel. Partridge peas are in light, sunnl.--. and first-cla-s samples are quoted at <fi. 6d. . to 4=- °d a busha' .

Poultry—Heue, 3e. 6d. to 4s. 6d. a unir; heavy fa bio birds, up to 65.; cockcrcle, to. fid. to ss. 6c1.; Indian Runner ducks, ss. to sp. 6d.; I'okin and Aylesbury, 6a. to 75.; turkey gohblarfl, 16. per lb. live weight; hens, 9d. to lOd. HIGH COMMISSIONER'S CABLEGiIAM. Tho Department of Agriculture, Industries, and Commerce has received the loJiowiiif? cablegram ii'om tho iiieli ComliiiscioDtT J'or itcw Zealand, dated LondonOctober i's. (Note—Quotations unlets otherwiso speciiied, arc avcrairo raai'kct prices on 6pot)i—• Mutton—The market is quiet, with no change in prices. •Lamb—Tho market is dull. There is a ■poor demand for light-weight. Canterbury, two's; sid. per lb.; other than Canterbury, s£d. Beef.—The market is steady, but prices have declined in sympathy with chilled. New Zealand hinds, 4 S-Bd. per lb.; fores, 31d. Supplies of American chilled beef aro large, bat are in. the hands of a largo number of. sellers. Hinds, 6 6-16 d. per Butter.—Tho market is steady, with littlo altorutloii in prices. The demand exceeds tho supply for best quality. A poor demand continues for butter at present in> storo. Danish, 1535. to 1365. per cwt.; Siberian, lC6s. to 110b.; Australian, 114s. to 1225.; Argentine, 116s. to 120 a. Cheese.—'Th& market is quiet, with no alteration in prices for Canadian. There is a firm market with a- fair demand for English. English cheddar, 765. lo ,82s. per enrt. Hemp.— I Thero has been no material chango in'the market, Manila: The market is steady with moderate demand. Reports from Manila indicato that holders are firm. Fair current Manila, per ton, £30 10s. for any poeition. The output from Manila for the week was 17,000 bales. New Zealand: Tho market is quiet, but firm. fair. grade, per ton, £29 55.: fair, £25 156. for all positions. Sisal: Tho Mexican political situation is unsettled. There is a steady New York market at 6 cents,, equal to £28 per ton, c.i.t. Europe. ' Cocksfoot Seed.—Tho market is auiet. New Zealand seed has met'with very littlo inquiry. Danish is firmer, end has been offered at 48s. per bushel. Kauri Gum.—ThcTe is a good demand, end prices are dearer all round. There is only a small supply; 14? packages offered, 10 sold. Tho stock at the end of September was 486 tons. Dark brown selected rescraped, £7 IDs. to £8 10s.; dark bTown three-quarter scraped. £4 15s. to £5 53.; dark brown chipe, drossy, 60s. to 555.: rescraped pale amber. £13 t-o £15: tlucoauartcr pale scraped, £9 ss. to £10; dietrers' chips, good, £4 to £5,

FROZEN HEAT. Messrs. Gilhert Anderson and Co. (Messrs. Mellsos, Eliott, and Co.. local agents), writine; under date London, September 19, report aa followB:— Tho market has been slightly dieturhed by tlio strike of raliwaynien in tlie provinces. Chilled beef has been principally effected, the prospects of short supplies through non-arrival from Liverpool causing a ri6o during tho week of 3-Sd. The increase has not been maintained, however. Tnado da dull all round. Prices for Home-grown have further declined. Beef: Scotch, 65d. -to 63d.; English, 5 3-Bd. to 6}d.; Irish, 51d. to 6d. Mutton lias fallen about a Jd.; Scotch, 73d. to 73d.: English, 5Jd. to 7id.; ewes, ,4id. to 5d.; Dutch, s}d. to 6Jd. Dutch is noyr arriving in- good quantities. Lambs: Scotch, 7id. to Bd.; hill lambs, 6d. to 7id.; English, 6}d. to 7jd.; Dutch, 6d. to 7Jd.; pork, 6id. to 73d. Veal, 63d. to 9d. Frozen miitton continues in a healthy condition, oivlnjj to abort supplies. Demand for larate, however, lia-3 fajlcn_ away considerably, usual at this time of tho year. Tho ri«o in: frozen beef ia in sympathy with tile chilled. Smithfleld Prises. Mutton.—Canterbury, U-4M, 4Jd., 43-56, 48d., 56-64, 43d., 64-72, 4id.; Wellington, ti-48, 43d./ 48-56, 4id., 56-64, 4Jd„ 64-72, 4 3-Bd,; ordinary New Zealand, u-48, 4ld„ 48-56. 4 3-Bd., 66-64, 4 J-Bd., 64-72, 43d.; ewes. 48-64,4 d.; Australian sheep, M-60, 3 5-16 d .( 50-70. 33d.; South Amorica-n, 66-72. 4 3-16 d. Lamb. —Canterbury, u-36, 5 11-16 d., 36-42, 6 3-Bd., 42-50, EJ-d.: Wellington, u-36, sf.d. to 5 9-16 d., n36-42. sid., 42-50, 5d.: ordinary Now Zealand, u-36, 5 3-Bd. t* 5 7-16 d„ 36-42, 6 3-16 d„ 42-50. 4Jd. Beef— New Zealand fores, 3 1 , d.: hinds, 4}d.; Australian crops, 3}d.; hinds, 4Jd.; South American force, 3J-d.; hinds, 4Jd. Chilled BeEf.—South American fores. 3J.d.; hinds, 4§d.

CUSTOMS REVENUE. Customs dutios collected at the port of Wellington yesterday amounted to £999 19a. 4d. GERMAN BANK EATE. By Telesraph—Press Ai.-soclr.tion—Copyright Berlin, October 27. Tho . Imperial Bank of Germany's discount rate ip r >i par cent., against 6 per cent, last Tveek. SILVER. London, October 2?. ' Bar eilver U quoted at 27 13-16 d, per ounco standard. •NATIONAL. INSURANCE. (Bt TelsEraph.—Press Association.) Dunedin, October 28. The Teport of tho National Insurance Co. for tho year ended September 30 shows that the, directors have added £25,0C0 to the reserve fund. A dividend of Js. per share and a bonus of 6d. per sliaro is recommended, making the total distribution .for tho year 2s. 6fl. per share. It is proposed to carry forward £28,908 19s.