COMMERCIAL ITEMS.

Dominion, Volume 7, Issue 1981, 11 February 1914, Page 10

COMMERCIAL ITEMS.

INVESTMENT SHAKES. 1 The transactions in investment shares yesterday consisted of Bank o[ New Zealand rights at J55 35., and "Union Steam at 203. The quotations were as follow:— : • ' Buyers. Sellers. £ b, d. £ s, d. Bank New Zealand 12 31) — • Bank H.Z.-(rights) , '— . 5 3 6 National Bank 5'7 0 5 8 0 Equitable Building — 815 0 Met,: Building. (£10)..'. - 12 7 . 6 N.Z. and River Plato ... 2 1 0 —- Well. Trust aud Loan ... 7 5 0 — Wellington Gas (£10; — 16 15 0 1 Well. Gas (preference) ... 0 19 9 — 8.8. Insurance 4 2 6 — Gear, ileat (£4) 13 12 6 — ."Union ' Steam ■ lord.) ...... ,1 .4 9 15 0 Union' Steam (pref.) 10 3 1,0 4 Kaiapoi'Woollen (ord.) ... 5 5 0 — Mosgiel Woollen 311 6 — Well. Woollen (pref.) — 3 2 6 Westport-Stockton . ■ — 0 4 0 Leyland-O'Brien 13 9 — - , Crown Brewery 115 0 — Colonial Sugar :« 44 00 ' ■ — : Golden Bay Cement ■ 0 17 0 0 18 0 Manning and Co 4 2 0 — N.Z. Ron. Dental 1 16 .1 2 0' N.Z. Paper Mills 016 6 ' - Ward and Co 5 0 0 — Whiteombe and, Tombs •(right?) 1 10 0 W.P.C.A'. (£1) ....I • ' - 16 0 DEPRECIATION. OP SECURITIES. . The table of 387 representative Stock Exchange securities appearing in "The Bankers' Magazine" shows that during 1913 there has been- an-average drop in market value of 5.2 per cent. The decline ha 3 been of. a progressive character, andjuet- as December of the previous year provided the lowest point of .1912, so December supplies the lowwater mark of 1913. The total depreciation in 1912 was ecjual to £85,000,000, but that of. 1913 approximates to .-£186,000.000. A ■number of-factors,of.a political and economic character have been responsible. They Have been no • worse perhaps than those, in 1912. but' there was- a. greater, cumulative effect-of persisting influence.;. THE'SHIPPING .-COMBINE. ;/ -■ The "Financial Tmcs" of December 29, says:—ln addtioir to the Bilburn. Tyser. and..Hoyden,-, fleets,,,.which,.^ ? jtlrcady an'nounced, arc. itbaut be.jUlJCcfl. ijnder one '■control. fivc'-S'esselg ' belonging "to Messrs. J. P. Corry and Company, .whose name is asoci'ated: with the "Star" Line, will be included in -the new organisation.' This means that a total of 166,900 gross tons of Australasian shipping will be administered by the new Commonwealth and Dominion Line, whose head offices will be in London. No new issue of capital is ■ contemplated, the object of the scheme being solely to retain'in certain hands their proportion, of Antipodean business,- built ,up over, a. long period, The scheme lias been rendered necessary .by recent changes in trade'conditions, and id designed to assist shipowners without penalising merchants and shippers. Other projects of a similar nature are lliely to be'forthcoming before .long 1 , but they relate in each, case-solely to private shipping enterprises. . TRADE" IN ALLEN STBEET. ' Onions.—The market is now being plied mostly from the Auckland and Canterbury'districts. Auckland onions are realising £10 per ton! and Canterbury £9. Pickling onions Kre selling at lid. per lb. Potatoes.—First ; class samples are making £4 to £4 ICa. per ton. but much lower rates are. ruling for inferior samples; ■ .. Flour.—The price,' ex store, Wellington is £10 per ton, leas the customary 'discounts. Fowls' wheat has excellent inquiry at 4s. Bd. to- 4s. 10d., per bushel for prima whole. Maize is rather dull of sale at 4s. 9d; to 4?. lPd. ( per bushel. ' - Bran.—The market is well supplied,,and the current quotation "is -£4 ss. to £4 10s. per ton. Pollard continues scarce, the ex 6tore price being £6 15s. to £7 per ton. The twarcity is partly, due to the fact, that some of the mills have closed down for their fiunual overhaul. Oatmeal.—Leading brands, in 251b. bags, arc selling at £12' 15s. per ton; in 1 2001b. bags, at £12 5e., and in 71b. bags, £14 ss. ' Boiled Oats.—Thistle brand, ill 4slb. bags, and Creatnoata. in 41b. bags, are making 10s. per dozen. Chaff.—For pririie oaten sheaf chaff the quotation is £4 15s. to £5 per ton, ex store. • Fresh, eggs have experienced another advance, and arc now quoted at Is. 6d. to Is. 7d. per. dozen, .with preserved at. Is. 3d. ■ Butter.—Prinle milled, in hulk, 9Jd. to lOd. per lb.; good Quality. 9d. Prussian blue peas are dull of sale at ss. 6d. per bushel. , Broken peas, for fowls' feed, liavo i60.il inquiry at 3s. 6d. to 3s. 9d. per bushel.: Poultry.—Chickens, Is. 6d. to 2s. 3d. a pair;' hens, 2s. 6d.. to 3s. 6d.; cockerels. 2s. 6d. to 6s„ according to size; Indi.au Hunner ducks, 2s. 6d. to 35.; Pekin 'and Aylesbury ducks, ss. to 7s. Turkey gobblers, Is. per lb. live weight; liens; 9fl. to lOd. , Vegetables.—'The usual demand exists for green peas; carrots, and parsnips. French beans arc in strong demand; .Fruit.—The Navua is due here on Friday with the "usual monthly shipment 'of bananas in cases and bunches, but these trill'not reach a sood market. Dessert apples, well-coloured, are in' keen demand, and consignments are recommended. Pears are in good supply., and only moderate prices are ruling. A • strong demand ' exists Cor October purple plums, and for greengages. Supplies of Californian apples and oranges are about exhausted. From Motuek-t. almost, daily shinments arc beins received of nectarines, nears. plums, apple's, and pears. Messina, lemons arc' in plentiful supply, and the current, prices " will result-in importers losing heavily. Some excellent samples of tomatoes are being received Trom the Hutt, and .these are bringing a shilling per, half-ca:e more than Nelson-grown. Customs duty collected a! the port of Wellington yesterday amounted to £9042 . 13s. Id. CHKisTciiuitcjr woor, sale. (By' Telegro.ah.—Press Association.) ' Chrlstchurch, February 10. For the third woo! sale on Thursady the catalogue aggregates 16,142 bsilcs, compared with 5450 st the corresponding 3ale last year. ' SOUTHERN. MARKETS. : . Chrlstchurch, February 10. Pine weather having again set in, harvesting operations have been resumed, and consequently the farmers arc too busy to como into town to oiler grain for sole. There is, therefore, practically nothing doing in thj grain market, and no further, sales ol v.ieat,' oats, or barley are reported. 'I.i rain appears to have dono but little i.ama;;o t« the grain ill North Canterbury, though some of the barley . may have suffered discolouration. For this cereal 3s. 7d. appears to be the top price at country stations, for prime malting. At tho present time very little grass seed has yet been offered. Sales have been made up to 2s, Id. at a country station, but this was for o, very good line, and it hafl.bcen bought as low as Is. 7d. . The potato market is still at-a standstill. the opening price not having been fixed. Farmers, are holdinc back from making sales, under the impression that so much damage has been done In -North Otago and South Canterbury by the bliirht.; It has to be remembered, however, that the. whole area affected will sturdy equal the. increase in acreage' in the crp.» in tho Dominion this season*

' WOOL MAKKET& t Messrs. Dalgety and Company, Ltd., Wellington, have been advised by cable (February 6) from their London office:--'"Wool: Firmer tone, with much more business doiug. Bradford lop murinos id,, to 3d. higher; Id. higher." . SOUTH AFRICAN LOAN. By Telegraph—Press Aseociation—Copyright. London, February 9. South Africa is undcrwritinir a four million 4 per cent, loan at £98 10s, WHEAT. , (Rec. February 10, 11.5 n.t^.) London, February 10. Wheat is firm. There is srood demand for Australian, and slightly better prices were realised. Several enj-gocs gold at 355. fid. to 35e. 2d. RIVER PLATE MEAT. London, February 9. River Plate shipments of mutton total 223.5C0 carries; lamb, 35.000 carcasses; frozen beef. 104,250 Quarters; chilled beef. 314,750 quarters. ' '' SILVER. London, February 9. Bar silver is auoted at 26«ll-16d. per ouncc standard. MINING NEWS. WELLINGTON SHARE MAKKE'A A ealo of Boss Reconstructed at 6s. was the only mining transaction recorded yesterday. Tho quotations were as under:— . Buyers. Sellers. £ e. d." £ s. dr Blackwater — 110 Con. t Goldfields — 018 0 Dominion Developing 12 6 Komata Reefs 0 0 3' — ,lturray Creek — ( *010 0 New Sylvia, — 0 0 8 Prograes — • 0 12 0 Ross Reconstructed 0 5 10 0 6 1 Talisman 2 3 0 2 3 9 Waihi • 2 12 3 2 12 6 Waihi Grand Junction ... 1 6 6 16 9 Waihi-Paeroa — 12 6 Waitangi 0 0 9 ~ - Watchman 0.2 8 — "Premium. WAITANGI CONSOLIDATED. The mine manager of the Waitangi Con* solidated reports for the week ended February 7as .follows No. 4 level: Driving west from, the crosscut'on tho main reef. The . drive has been carried a further distance of 4 fectv making a total distance,of 80 feet from the crosscut. The last assay •taken from the reef at a point 80 feet from tho crosscut and a width of 5 feet, savo tho assay value of £2 6s. 3d. This looks promising, having payable ore for a distance of 65 feet.. No. 2'riso east: A further height of feet was reacted, making a total height of 79 feet from tho back of the drive. I might mention that, in starting this rise in the low level, w© opened ont on tho footwall portion of tho reef, which showed free gold for a height of 50 feet. At this' point tho reef took a. greater underlay, and the rise continued its usual coitreo until we got through tho rcet-iato tho hanging wall portion.. Tho. • last assay at a height of 79 feet.and a width of 3 feet gave the result of £1 123. per ton. Sinking in No. 3 level east a further' depth of 5 feet was reached, making a total depth of 43 feet from the starting point. The reef is otill looking well going down. Wo are still sinking on the footwall portion of the reef. Two assay samples were taken at a depth of 40 feet. Qne from tho footwall side free of mineral gave the value of £1 6s. 7id. per ton. Tho other on tho "hanging wall side of the winze carrying sulphide gave tho result of £7 12s. Id. per ton. STOCK EXCHANGE. (Br Telegraph.—Press c'hristchurch, February 10. Sales on 'Change:— Talisman. £2 3s. 6d., £2 3s. 3d. • Waihi, £2 126. Bank, of N.Z., £12 4s. New\Zealand.lnsurance, £5 l&s., £5.175. 6d. D uned in, February 10. The. following sale? were mad© on the Stock Exchange' to-day:— * ' ' . Waihi, £2 12s. - Waihi Grand Junction, £1 6s. 6d.. {two parcels). WAIHI SHARES. . , By. Telegraph—Prev A^-wjon—Copyright ' London, February 9. Waihi goldmining share* are quoted at 50s. (buyers), and 525. 6d. (sellers)*.