COMMERCIAL ITEMS.

Dominion, Volume 7, Issue 1896, 3 November 1913, Page 10

COMMERCIAL ITEMS.

INVESTMENT SHARES. \ ■ : I'heTe were no transactions in investment shares on Saturday, "l'ho (luotations wcro as under:— ' Buyers. Sellers. £ s. d. £ s. a. Wellington Investment.... ' — 0 11 9 Well. Trust and Loan ... 7 4 0 7 7 6 Christcliurch Gas — 7 0 0 Well. Gas (preference) ... 0 19 6 — JN'.Z. Insuranco 5 0 0 . — Gear Meat (£4f U 0 0 - Gear Heat (£1) ............... .3 9- 0 — Union Steam (pref-) ~ 0 W J Well. Woollen lord.) ...... — ' '4 1 0 Leyland-O'Brien 13 9 14 0 Golden Bay Dement -»• • 0 19 3

, LONDON, MONET HABKET. , In the open markot there has been an advance in tbo rato for three months' hills,. brokers now charging 5 per cent., the samo rato as ruling a year ago. _ The short loan market is ruling at 33 to 5 per cent,, showing that there is a. great ecarcity of fund 3. Tliero is no- change in tho bnnk rate, while the figures show that the gold reserve was augmented by tho ram of £627,000 Thero has teen comparatively heavy borrowing from the bu.uk for 'the "other securities" liavo risen from £24,773,000 to £28,619,0C0, an merocuro of nearly £4,000,000. Government-escuritiw oie dull and unchanged. , , QUEENSLAND SUGAR. Notwithstanding eeveral opposing influences, such tno lower saccharine contents of cane and lossos due to floods, it seems more than likely that Queensland will show a, Tecord yield of sugar this season. Tho production of 1912 was abnormally small, amounting only to 113,060 tons, necessitating the importation Into the Commonwealth of seme 96,000 tons from abroad. Under favourable conditions to tlie end of the crushing season the yield of sugar in the Commonwealth may reach 230,0C0 tons, or just about the quantity reauired for home consumption. While this largo production will be of immense benefit to the sugar ca.no growers, it will entail' a loss of revcnuo l 'on the Federal Government. The latter feature is of quite minor consideration compared with the-, good accruing in other directions, and alter last year's disastrous experience cane growers will welcome tho changed conditions. As far as can bo judged at present there will Jbe no lack of sugar in the world's* markets. The output of beet sugar in Europe is estimated on a vnry full scale, but the alteration in the United States tariff ought to stimulate consumption in that country to an extent that may affect prices later on. In the event of Australia, being in a position to' export Euigar, our product cannot now be penalised by foreign countries on tho ground that it Is bounty fed. CUSTOMS., . Onstoms duties collected -at- tho port of Wellington oh Saturday totalled £315 os. Id., the amount for the week being £4873 3 s 3d. The returns for each of the past eight weeks, compared with tho figures for tho corresponding period of tho previous year, show as under:—

The Customs dut.tes collected cach month 'during tho past ten months, compared with the figures for tho corroapoudiiiff months of last year, showed as under:—

Tho beer duty collected lost week amounted to £198 Us., nfl against £114 19s. 6(1, for the corresponding week of last year. The beer duty collected for tho month of October totalled £1147 4s. 10fl„ against £1019 IBs. 6d. for tho corresponding month of last year. I WOOL AND HIDE SALES. Messrs. TV. and 0. Tnmbull And Co., Ltd., report having held their fortnightly fo!o of wool, ekins, etc., on October 31, when they olTcred a. good selection to the usual attendance of buyers. Price?, which were very firm, wore us follow:—Wool: Dead. Bd. to 91f1.: crossbred, lino, 91(1. to lCd.; pieces find bellies, Sid. to 61d.; locks anfl stained nieces 3d- to 4Jd.; crutchings, seedy nu<l inferior. 5d to 6d. Sheepskins: Halfbrcd, Bd to 91(1.; fine crossbred. 83d. to 95d.; medium coarse'crossbred, 7>d. to 9<1.; short, to half-wools, 6d. to Bd.; dead and damaged croesbred, 6tl. to Bd.; d«id' find damaged crossbred.' sS<l. to 73d.; inferior and badly damaged. 23d. to 73d.; lambs 7d. to Old.; damp,, salted and green. Jd. to 9s. 6d : nclt" 43d. to fi?d- Hides:* Ox, hravy, 601b. Sp. 5d to 93d: ; ox. medium, £0-591b.. 9d. to ox. Mtrbt. 491h.. and under. BM. to 83d!;' cow, heavy, 55)b. anil ovct, 1 3* d. to 9d. : cow. modintn, (?■ to 541b., BJd. to BJd.; cow, llgh,t, under 421b., M. 4 t° ««1.; cut, slippy, and superior 63d. to 8?d.: bull, stag. 6d. to 7d.; yoarlings, 61(1. to 93d.; calf, snoerior, I'd. to 13Jd.: calf, medium, good, 6sd. to 12d.; calf, damaged, 4d. to lOld. Tallow: In raslw, 20s. to 28s. 6d.: in tins, 19s. fid. to ?Aj. 9d. RabbiMdns. Is. to Is. sd. Horsehair, Is. 6d. to Is. Bid. Mohair, lid. SOUTHERN GRAIN MARKETS. (By Telegraph.—Press Association.) Oamaru, November 2. The business done in wheat this week haa booD the «mallest since the groin sciMon opened. Ono lino of velvet ohansed handj j

at 4s. 2\d., less commission, at a- country station, and one of ml chair <it 3s. 9d. net. Sales of oats, have been made for "A" grado Uart-ont' at net and 25., less commission, at- country stations, and for "B" grade at Is. lCd. net and Is. lOJd., less commission. Oatsheaf chaff sells at £3 10s„ at country stations. No sales of potatoes have been made. There aro plenty of Rollers, but no buyers, the Strikes having closed all the outlets. LONDON MABKETS. Mossrs. Murray, Roberto, and 00., Ltd. havo received tno following cablegram, dated October 31, froui their London friends (Ifessrs. Sanderson,, Murray, and Co.) "Bradford markot' dull; trade Tcports generally unsatisfactory. For wool, howevor, price; are firm. Next wool Eales are not expected to material.change." By Telegraph—Press Association—Copyright London,' October 31. The iuto market is quiet. NovemberDccemtJer, £34 10s. per ton. London, November 1. Copra.—Tho market ie dull. South Sea, in bags, £30 2*., 6d. to £30 6s. per ton; in bulk, £29 17s. 6d. to £30 ss. Now Zealand Hemp.—Tho market is inactive. October-December Bhipment. £29 ss. per ton. ' Cotton.—Novembcr-Decembor eliipments of American, middling cotton are clearing at 7.24 d. per lb. ' • Hulib(:'!',--Fine hard Para rubber, M. 2ja. per lb.; plantation first latex crope, 2s. 2d.; smoked sheets, 2a. sd. DALGETY AND 00. London; October SI. Ifisera. Do.lgef.T and Oo.'s report Rhowß a profit of £282,532. A dividend of 8 per cent, has been declared, 'and thero will be added to the reservo fund £50,C00, to promises ' account £50,000, to the Benevolent Fund £10,OC<), vfhilo £92,532 vrill be carried forward.

1913. 1912. £ . £ September 13 22,266 26,132 September 20 22/171 21.558 September 27 11,857 15,362 October 4 21,057 . 34,496 October 11 It,904 11.713 October 18 14.409 8.748 Ontobar 25 22,116 23,997 Kovcinber 1 4,873 22,088 £130,953 £164,094

1913. 1912. £ e.d. £ »• d. January 96.827 2 4 ■ 84,856 14 6 February 8'.918 16 5 ■ 72.741 10 5 March 77,483 3 4 74.484 '3.6 April 6M44 17 9 67.986 6 3 May 67,998 5 2 61,666 15 8 Juno 68.565 3 7 63.930 16 3 •July 75.657 13 5 - 60,602 5 0 August 80.726 10 10 (9.492 8 8 September ... 85,328 14 9 76,989 13 C October 65,041 0 8 91,898 15 4 £767,991 8 3 £724,699 9 1