COMMERCIAL ITEMS

Dominion, Volume 7, Issue 2117, 7 April 1914, Page 8

COMMERCIAL ITEMS

" INVESTMENT SHAEES. A sale of Tftupiri Coal shares at 225. 6d. was the onlv transaction recorded in inshires yesterday. The quotation 3 wen-oe follow:- £ 3. ri. £ e. d. Bank S.Z. (£6 13 9 . 4d.) ... 15 15 0 - Metropolitan. Builduig ... - ';. Well. Investment "- • S U -g Gisborne Gas ~ , " _ Cliriet«lnin:h Meat ......... w " 6 ~ in n X.Z. Shipping (cum. div.) - » 10 0 Union Steam (ord.) — 1 a u Well. Woollen lord.) 4 16 - Loyland-O'Brien . „- »^ e Tavingamutu Totara ... i » J _ Golden Bay Cement ......... 0 1/ S • W.I'.C.A. (ZOs.) ~ 1 " u • COLONIAL LOANS. With the issue of the Queensland loan lost week the whole of the States of tho Commonwealth and New Zealand have been on the marliet. the totul thus raised to date amounts to .ttG.OCO.CCC. The sums raised by the several States, the issue price, and the public subscriptions show as under:— ■ Amount. Price. Subscribed. otntp £ £ £ NSW .3 COO CCO 96 3M.0C0 Vic ■" I.COOOOd 97 4,546,700 n. ":::: 4500000 icoa 25.w0.cc0 W.A 2.000.CC0 98J U.CCO.OCO Jj 2 CCO CM ICO I,OCO.CtO ■rt. ■■•;.: iSoOO 99 . 375.CC0 Queens. ... 2,000,000 '99 B,OW,C<!O Of the seven issues four were pronounced successes, as they were all considerably oversubscribed. The New South Wales loan wa3 on the market before money became clicap, but the issue was afterwards absorbed by tho public. The South Australian loan was put on the market at a comparatively high price, and this kept out speculative tenderers, still a few days after the issue the underwriters vitre able to quit their holding «.f par. Tho Tasmaman j--6ue was scantily subjfcnbed, only £075,000 bciiiK offered by the public for a loan'of, £I,CCO,CCO. A few days after the close, tiic scrip went-to a premium of ss. per cent. The Queensland loan was subeuribert fourfold and appears to have been placed on tho ' market at the right moment. I'er.ftips the bonus of 115.,6 d. per cent, tempted the speculative tenderers. While- the absorption of -gitt-edged securities by, investors in London has been laiffo since the turn of the year, the supply h:i« also been generous, and hao very nearly outstripped the demand, ilpwevcr. the present indications nrc thai? money will Tβ-main-in-plentiful supply for, some monthe to come, and this is just "c well os further loans are required by Australasia. man commissioner's cablegram. The Department of Agriculture, Industries, and Commerce lifts received the following cablegram from the High Cora-mi'-fiioncr for New Zealand, dated Lon'don, April 4. (Note.-Quotetions, unless otherwise specified, are average market prices on spot) .— Mutton.—The market is over-supplied with heavy carcasses of mutton, with a result that prices have elightlv declined for all grades. Canterbury, tttf. per Hi. for light-weight; 4Jd. for heavy-weight; North Island. 4Jd. for light-weight. Lamb.—There i.- a (lull sole for heavy carcases of lamb. Light-weijrlits arc in fair demand. Canterbury twos. 61d. per lh.: heuvy-weiKlitJ, 5Jd.; other thnn Canterbury, 6Jd. for -light-weisht. Beef—Tho mflrkct. is very dull. Supplies of American chilkd beef are large. New

Zealand hinds, 4 7-16 d. per lb.; forcE, 33d.; chilled hinds, 43di per lb.; • lores.. 3 9-16 d. Butler—The market is dull, with adownward tendency. Danish, market steady, duiet.-'per cwt.,.1225.-to 1245.; New Zealand, du11,,1055. to 108s.; Argentine, dull. IMs. to lCte:'; Siberian, in fair demand, 1063. to 108s.; Australian, slow, 103s. to 1065.. _ Cheese.—The market is quiet, and puces arc slightly weaker. Canadian white, per cwt., 68s. to 705.; coloured, 695. to 716.; New Zealand, finest white, 61s. to 625.; fine white, 60s. to 615.; finest coloured, 645. to 645. 6d.; fine coloured, 635. to 635.. 6d. ' Estimated Cana'dian. cheese etocka at London, Liverpool, and Bristol, April 1, 1914, 73,CC0'boxes, against 115,000 at the eame date last year. New Zealand and Australian stocks at London and Bristol, 77,0C0 crates, agafnet 60,000 at tho.samo date last year. Homp.—Manila: The market continues dull.- Prices favour buyers. Fair current, per-ton, £25 lCs. to £25 155.; April to June shipments, £26 sg. The output Irom Hαiiila for this week'was 23,000 • bales; lost week, 13,000. New Zealand: The market is quiet with small business doing, owing to the absence of offers from the Dominion. Good supplies arc afloat, however, and Btocke are large. Good fair, per ton, £25 10s.; fair, £22 55.; April'to June shipments, good fair, £25 15s. to £26; fair, £22 10s.; high point fair in cock thie week has been sold at £23 ss'. Sisal: The New York market is a shade weaker at 5.52 cents, equal to £25 10s. to £26 per ton ci.f. Europe. Tops.—The market is quiet, and prices aro slightly weaker. Average prices for 1913 hops: English, per cwt., 130s. to 1605.: Continental; Ms. to 2205.; Californian, 85s. to 120 a. . ' ■ ... Hops.—The market Is quiet, and prices arc cros3breds easier, 36's low crossbrcde, loSd.; 40's low crossbreds. 16Jd.; 44's medium crossbreds, 17d.: 50's halfbred, 201 d.; 56's quarter-breds, 23d.; 60's merinos, 23|d. , ' FEOZEN MEAT. By Telegraph—Press Association— Copyright London, April 5. The Incorporated Society of Meat Import ere'-Smithfield market auotations for the undermentioned classes of frozen meat ore based on actual sales of not less than one hundred carcasses of mutton or lamb, or twenty-live quarters of beef of fair average quality. The auotations aro not for selected lines, but for parcels fairly representative ol the bulk of the shipments now on tho market. - The prices which follow ofo on the average e farthinc per lb. moro than tho values ex ehip, this difference rcpresentinn the average cost in c-XDenss; handling, conveyance, and selling tho meat;— Mar. 23. Apr. 4. Mutton- . d. d. - Canterbury, light ...; 4J. . 413-16 Canterbury, medium H *{ Canterbury, heavy 4} 4iSouthland * • North Island, best ...... Q 4 3-8 North Island, ordinary... 4 5-16 - 4J Australian, light 3 5-16 JI > Australian, heavy 3j 3J Hirer ■'Ptate, light • • River Plate, heavy 4 4 Now Zealand ewes 4 " 3! Australian ewes 33 ' 3J Kiver Plate ewes- 33-33 - LambGanterbury, light- 6J GJ Canterbury, medium ...... 6 513-16 Canterbury, heavy 51 511-16 Southland. 6 6 North Island, selected ... 6 6 North Island, ordinary... 513-16 52 Australian, best 5i 53-8 Australian, fair .'. 5j ' • 53-8 Australian, inferior 5J 53-8 River Plate, first 5J 5J Kiver Plato, second 51 5i BeefNew Zealand, ox fores ... 33 33 New Zealand, ox hinds... 4J 47-16 Australian, ox fores .„...- 33 , 3J Australian, ox hinds ... 4 3-8 4 5-16 Kiver Plate, ox fores 3J Hiver Plate, chilled fores 313-16 39-16 Kiver Plate, chilled hinds 5 4S y*Nono 'offering.. WHEAT AND FLOUR. London, April 5. Wheat.—Liverpool futures, May, 86 3-8 per cental; July, 86!. The wheat and flonr afloat . for the United Kingdom totals 3.815,000 quarters; for the Continent. 2,285.000; Atlantic shipments, 209.CC0; Pacific. 2000. The total shipments to Europe during the week amounted to 1,085,000 quarters, including 110,000 from Argentina, 266,000 Russian, 177.C00 Danubian, 7CCO Indian, and 103.C00 Australasian.