COMMERCIAL ITEMS.

Dominion, Volume 7, Issue 2015, 24 March 1914, Page 8

COMMERCIAL ITEMS.

; IXTE-STIfKXT SHAKES. ; In the investment share. market ycster--1 day thoro were 'sales'of Bank ;of New "Zealand, Tights, at £4 155., and' Wellington' Gas l(£10) at'£l6 7s. 6d, The quotations were 06 sunder:—. ....... ... . I '• ••••■• « 'Buyers.-• Sellers. ' £s.d. £b. d. Tiank Now Zealand (rights 412 6 - — - National Bank 6 7 0 Wellington Investment _ — ,011 3 Well. Trust and Loan .... 7 6 0 — Napier Gas (£10) ..-15 15 0 — l'almerston Korth Gas ... — '1010 0 ■. Christchurch Heat ;.... 15 17 6 - — • Meet Export (525. 6d.) —, ■ 3 4 0 lunion. Steam (pref.) .; 10 0 — illosgiel Woollen 3 11 6 — JWell. Woollen (preference) — 3 3 0 tt'anpiri Coal 116 — I Westport-atockton —• . 04 0 LLeyland-O'Brien .......: ,l : i 9 — \[ Taringamutu Totara .... 2 5 S ' — " pW.F.O.A. (£1) _ 16 0 ! / THE MONEY JJtABKET. • • 'i'bs 6ituation in Ulster has made no difference to the money market as, yet. but that does not imply , that there will not be Jiny disturbance. .The directors" ol the Bank of England look - the unusual course some days ego of indicating to the Chancellor of the Exchequer the adverso /effect that civil war in Ulster wo<uild -have upon the Imarket. In the 'meanwhile the Bank of -England figures Bhow the usual -changes -at this time of-year. The Treasury deposits have increased owing to the collection of the ' income-tax this month. The stock of gold has-been further reduced by over £600,000,-.but'the. total- of £39,562,000 is well above the-figures'for'tho correepond--1 ing figure of last year,

I CAPITAL, APPLIOATIOXB. New ise»e3of capital in London. during January (according to a. compilatign by the "Statist") were about .£42,250,000,. the amount applied for and freely subscribed . bcintC; creator than ever reached in any previous month. In the corresponding : months of 1913 and 1912 the amounts subi.sribed were £41,556,0C0 and £24,268,0C0 respectively. Of the total amount this year Australasian issues have' accounted for £12,724,5C0, Queensland and Tasmania boine the only two of the Australian States which Jiavo not been borrowers. In regard to Queensland, however, the isolation seems to be rather a misfortune than otherwise, fince one of the objects of the Premiere visit to London was to raise a, loan, ainfl recent cable advices indicate that tho pdeition is not'so favourable as-earlier in tho year. Referring to tho welcome to Mr. Denham, on© of the financial journals points out that thb object of the Premier's visit is to gel in touch with debenture-holders und those- holding inscribed stock of loane flmountintr to over £11,000,000 which aro maturing on July 1, 1915. Ilis desire to place a loan for tho continuation of public works was also announced. Tho Tasmanian Government has just issued a 4 per cent, loau for £1,500,000 at 99, and the underwriters have been left with 75 per cent, of tho iesue. - . '.>■;. Customs duty collocted at. the port of Wellington yesterday amounted to £1855 83. WOOL AND HIDE SALES. . Jles-H. Dalgety aud Co., Ltd., Wellington, report:—The supplementary wool sale, Jn conjunction with, tho usual -fortnightly Bkin and hide sale, was held in tho Concert Chamber of: the Town Hall on Friday, when there was a satisfactory attendance of ■ buyers, , Bradford and 'the Continent 'be-ins'-well represented. We submitted a cataloßiic of- 408 bales out of a total offering of IZCO bales. As was to be expected at- a. rlcariu's-un sale, tho.bulk of the wool ofi'orcd was of "inferior ouality. ■ bcinp htavv in condition, and socdy. Competition w<ls keen and animated bidding took place for all fair quality lots offered. Pi-ices for medium and coarse croaiibrocl

wools were par to farthing per lb. higher when compared with Joet sale rates. Lambs' wool ivae slightly easier. Bomi> of tho be3t prices were as under :-D.H.K., fine Romnoy washed pieces. Hid.; J.B. Conj., fine- crossbred, lOid.; 24 bales medium crossbred lCd.; coawe crossbred, 9Jd.; 112, Southdowß-cross tombs, 103 d.; AJK, Bom-ney-crbss lambs, lOjd.; 000. Eoinney-croi-s lambs. 10} d.; OJTIIII, Komney-cross lambs, 10d. ■ ■ HIGH COIIUISSIONEE'S CABLE.' [ Tho Department of Agriculture, Industrice, and Commerce has received the following cablegram from the High Commissioner for New Zealand, lated London, ICareli 21. (Quotations, -unless otherwise specified, are average market pricce on spotb— Mutton—The market is weaker though not actually lower. North leland, 4Jd. per lb. The demand has been chiefly for light weight at as high as W. per lb; heavyweights, 4Jd. . . Lamb.-The market is weaker and'tendency downward on account of tho large supplies coming forward. The weather lately has heen very unfavourable to the sale of lamb. There'is little demand for Canterbury as buyers prefer North Island at lower prices. Canterbury ewes, per lb., 6 3-fld.; heavy-weights, 6id-; other than Canterbury, 61d. per lb. for light-weight. Beef.—The market ie very dull. Supplies of American chilled beef are large. Now Zealand hinds, per lb., <fjd.: fores. Hi.; chilled hinds, qi.; fores, SJd. Butter.—The market is dull and prices are irregular. New Zealand butter stocks have accumulated lately and holders arc disposed ;to iinect. buyers at lower prices.'as present cnipplies exceed requirements. Danish, In fair demand, per cwt., 122e. to 1245.; New Zealand, slow, 109s. to 1125.; unsalted, 116s. to 118s.; Australian, market quiet, 106s. to 1103.; Argentine, market dull. lWs. to 108s.;' Siberian, market steady, 108s. to 110s.

Cheese.—The market ia steady with a fair business doing. Canadian supply is- running short, but holders are firm. There is a fair demand for New Zealand, nnd the- market is steadier. Canadian white, per cwt., 683. to 705.; coloured. 70s. to 71e.; New Zoaland, finest, white, 625. to 625. 6d.; exceptionally fine. 635.; fine. 61s. to 61s. 6d.; finest coloured, 645. 6d. to 655.; fine, 63e. to .6J3'. 6(1.: Australion. white, 625. to 6Z5."6d.; coloured, 635. to 653. Hemp.—The market is nuiet but steady. New Zealand, good fair, per ton, £25 10s.; fair. £22 10g.; 'April .to Jnno. shipments, eood fair, £25 15s. per ton; fair. £23. Manila: Pair current, per ton. £27: April to June shiument". fair current. £26 10s. The outnut, from Manila for tho week woo 18.000 bales. - --..•■ Peas—The market is firmer and the stock is moderate. Cocksfoot.—TheTo is q, better demand for cocksfoot seed. " • Hops.—The market ie steady with a moderato demand. FItOZEN MEAT. ; , By Telegraph—Press Association-Cojiyrißht ■''•'■ : London r March 22.' The Incorporated Society of Heat Importers' Smitbfleld -market Quotations for the undermentioned clasfio3 of frozen meat aTe based on actual sales of not less than one hundred carcasses of mutton or lamb, or twenty-five quarters of beef of fair arer-. use quality. The auotations aro not for selected, linos, but for parcels fairly, representative of the bulk of the shipments now on . the market. Tho prices which follow aro on the averaee «. farthine per lb. moro than the values er eliip. this difference representing tho average cost ij expense, handling, conveyance, and scllins tho meat:- . . Mar. 14. Mar. 21. Mutton— ■ ... d. . , : d.* Canterbury. light- *' '.* Canterbury, medium * * Canterbury., heavy • • • Pouthland • '" :• ■ North Island, best 4J, ,41 :. North Island, ordinary... 43J! 4.T-S Australian, light 3 5-16 35-16 '.Australian, heavy 3J 3j Biver Plate, light * • Kiver Plate, heavy ; 4J 41-15 Now Zealand ewes ....... 4 4 Australian ewes 33 3j River Plate ewc3 •,-•...33 3J Ija-mb— '-•',' ■'■-''' :. '■'-'■'■ Canterbury, light ". :* 6J..* 63-8 Canterbury, , medium ...... * 0 Canterbury, heavy., 6i 6J Southland .;..;;;..;..;! * 6 -.North .Island, -scjecfodr;;--' « ;. : .:>V '6!'.'North Isjand, .ordinary:' 6 !' "\-ji, !fi • . Australian, best :. .'.; 5S - 63 Australian, fair-......'...-...». 6S , f.5 Australian, inferior -.'..... 53 ', 53 •/■■.-River- Plate; first '-. 5S Sh ;■'." ''RiverVHate, second 5J 5} - 'Beefr 1 -::; --'■ '• : .. ••: ■:;-:-Now. Zealand, ox fores .315:16 S{ .v.;.; : ,N«w Zealand'.. ox hinds 41 ' . ' 41 ';'-Australian,-or- fores .'..■ 41-16 •■ 313-16 ' v-'Australian.'ox .hinds ... :43-8 '- .43-8 ■, Hiver. Platci ox f qre3 ; 315-16' 35 .; EiyervPJttte'i chilled fores 33 3J ~'Hiyer - Plate: chilled hinds 5 5 ' ('..".■'",-;_. ; * None offering. '.'..' ?Jj '-; ;WHEAT AND PLOUE. ■".■'■'■': ■'..'■.■ .. London, March 22. The' wheat' market is eteady; 3J?. 6d. is aeked.. ' Liverpool March 'Shipment, 87J cents,-vChicago May shipment, 950 cents. • -The wheat and flour afloat for the United' Kingdom totnh 3,M5.(T0 ouarters; lor 'the Continent, 2.275,000: Atlantic, shipments, 459.0C0; Pacific, nil. The total shipments to Europe, during the week amounted to 1.315.K0 quarters, includine 283.C00 Bussian, 175,000 from Argentina, EO.OCO Danubian, and 221.C00 Australasian. .-.,-.• " ■ AUSTRALIAN BUTTER. '■■ .' (E«c. March 23, 9.50 p.m.) 'i' Sydney, March '23. The price of butter has been reduced by 4s. 6d. . ' '