COMMERCIAL ITEMS.

Dominion, Volume 7, Issue 1916, 26 November 1913, Page 10

COMMERCIAL ITEMS.

INVESTMENT SHARKS. No business wcs done in investment shares yesterday. The (jnotationr) were U5 -uudcr:—

UNDERWRITERS OX STRIKE. According to the "Financial Times" of October 16, the leading underwriting ftrnis in the Consul market- have entered into an informal agreement to refrain {rem taking «■ hand in further new issuer for ;i couple of months—in other words, until tho new year. Their, decision ha..; been forccd upon them by .tlio unbroken run of notations of a- character which to th'i extent of anything from 80 to 93 per cent, have been-loft for the underwriters to take up. The latest' oxample is the Xeiv Zealand loan, 32 per cent, of which remains in the hands of its .sponsor?. It will be remembered that o. similar strike was. declared about three month.? flgo. It wnr partially effective during the "dos days," but aineo tiien the claims of a number of necessitous borrowers who had to provide for maturing; obligations and to pay upon contracts already entered into were found difficult to ignore. It i? probable that the underwriters had in view tho fact that the most urgent ot such cases had been attended to before adopting their"present o.ttitude. Thnt. it is high time the gilt-edged market had ;i "breather" io recogniscd by everybody wlio has paid any heed to market conditions in the last few months. 'TRADE IN ALLEN STKE-ET. The Fruit Exchange ha«s been very active, and business has been brisk througn?-u!,-the past week. New potatoes nre in heavy supply, and values have declined <€1 per ton. Aucfc.- : land-grown p&tatoes arc realising X 5 to £6 per ton, according to sample. Old potatoes are extremely difficult to quit: good sound potatoes are ottered* at £2 l-)i. to £3 per ton. 1 Onions.—Ca-lifcrniflu onions are sprouting freely, and the bulk of the shipment has had to be picked over. Bepaekcd ouions j are celling -at Ka. per I ! Hour from the *-outh is being signed to Wanganni, and r?.ih:rt to WelUncton. The eiu'rent cuotatioug is £11 per ton, ex store. Fowls' Wheat.—Stocks are esircnjcly Prime whole wheat is quoted at Ca. to 9d- per bushel; mediuia quality, 'Is. 3d. Maize.—Feed sorts are extremely elow of sale at 43. fid. to 4s. 9d. a bushcl v maize, Hickory King aud White Horsy Tooth are'-seHmj at 6s. 9d. to 7s. Bran.—The-market is well nUpp.'ied, atd prices range from £4 10s. to £4 15s. pyllard is in ehort supply, and is ee 1 !- ing at £5 10s. to £7 per t-ou. Oatmeal.—The market is bore at the moment, but ampb supplied arc espccted ia port- this week. tolled Cat"?.—Thistle brand «jid Grcamota. in. 4Jib.. bag-2, are.selling at iOs. fed. pa* dozen. • Chaff.—Fairly heavy supplies of prima oalen nhcal chal? are available, and priced range from £5 l'.'a. to *■/> 153. per ton, sacfis in. Frc?h Eggv!.—Supplies are within i=mall compais, aud to-day's price is la. Id. per dozen. Butter.—Prime milled, in bulk, has do eliticd, and is How quoted at 3d. psr lb.: lb. pat®, Sd. Prussian blue pca3 are slew of sale at Cs. Cil. per bu-hel. Partridge peas have moderate inquiry, witu prices ranging from 4s. 6d. to 2d. a, bushel. Vegetables.—Almost daily suppHco o! Nel-son-grown \>reen pca-s are coming on the xnartict. Caohages arc ruling at low price?, and eaulillowera have aho declined in value. Extreme rates ave being paid for uarrot3 and parsnips, and consignments are recommended. The market for rhubarb is controlled by Jlutt growers, as no supplies are coming from Canterbury. Fruit— Lemons arc making extremely high prices, owing to th© fact that shipment? of 3vies3iua lemons Intended for this market are blocked at Hydney. TJjo Cunadti Cape, from Ivan Frtinci.'-.co. will, in all probability, bo ordered on to Sydne> with her fruit cargo. Heavy shipa#nts of Stunner apples, ex cold stores, arc coming?.from the Kelson district, and realising inoderatD prices. Very few Californian oranges arc available, n* nearly all of the ivillocnra's consignment has gone into consumption. Vancouver apples arc duo this week, transhipped ex /.laiiura at Auckland. Red currants have come on the imvrket, and black currents arc expected deily. Homo rcailv itne sauiTilcs of s,trawbrrnes from Auckland are reaching the markri. and prices a tendency to v.,dvancA Customs'duty collected at the port of Wellington vwterday, amounU\t to £-3357 Ks. Cd % BEET SUGAR. By Association—Copyright Lcndoil, November 24. Jlcrr F. O. Licht, the v.-cil-hnown sugar I expert of Madgeburg, in hia monthly.tir--1 i.-ulat. wtat-eii that the production,of beet bufear in Europe .shows a Aecreo.sc of 6S.GCO ttins. He estimate? that for the campaign there will be a total surplus of tons. . DRIED FRUITS. (Rcc. Xovcabcr 23, 11,25 p.m.) ' Londcn> Kovcmbcr '25. 1 Ourrantr.—Amalias, 255. Ul niid 285.; I'atras, 275. 6d. aud 293. 6d. llollowie date?— 15s. £d. and 16s. fid. Figs-ofe. and 455. WHEAT. * (Rec. November 25, 11.25 p.ift.) London, November 2-5. The wheat market it> finvi, v.ith a general adyanee of 3d. There is a better aemavid : for cargoes on account of-adverse reports of the Argentiuo wheat crop. • An Australian cargo'sold at 3oa. : SILVER. '■ . ' London, November 24. Bar silver is Quoted at £62d. per ouncs ! etandard..

1'u.vcr?. Heller,-. £ s. (1. X ». d. Equitable I»uildint 8 15 0 — Wellington Investment ... — On 0 V.'cll. Trust and Loan ... 7 5 0 7 9 0 Cliristcluirch Uns 6 19 0 Well. Gas (£10) 15 15 0 Well, fja.i (preference) ...10 0 X.K. Insurance — 5 1.5 Ccar A 1 '>! i«> !•> « t> Goal- ileal (£1) 3 9 0 Union Stcini (ord.) 1 ■! 3 15 0 Union SI cam 'iU'Cf.; 0 D 0 C. M. Uauks -- l<0 Goldsu Bay CmeiU — 018 9