COMMERCIAL.

Dominion, Volume 7, Issue 2139, 4 May 1914, Page 8

COMMERCIAL.

COMMERCIAL ITEMS INVESTMENT SHAKES. ' • , The wiles of investment shores recorded oil.Saturday were:—Wellington Gas (£10) at £16 7s. 6(1., and Union St com, ordinary, 255. 3d. The quotations were as under:— S lluycrs. tieltum. £ s. d. £ e. d. Bank N.Z. (665. Bd.) 10 9 3 National Hank 5 10 0 5 13 6 j Metropolitan Building .... — 12 0 0 ( Well. Investment 0 10 9 0 11 3 'i Well. Trust and Loan ... 7 7 0 — I Well. Deposit 0 6 8 - Christchurch Gus 7 16 Glsborne Gas — 2 2 6 Palmorstou North Ga fi ... — 10 10 0 Well. Gas (£10) - 16 8 0 Well. Gas (preference) ... 0 19 6 — N.Z. Insurance 6 2 6 — Meat Export (£5) 6 16 6 2 6 Union Steam (ord.) 15 0 — Well. Woollen (ord.) 4 16 - Hikurangi Coal 0 6 0 — liovland-O'Brien — 13 3 Golden Bay Cement 0 18 6 - Shnrland's ordinary 110 12 0 Sharland's preference ... 1 1 0 12 0 W.r.C.A. (£1) - 16 0 THE MONEY MARKET. There , was ■ a slight ehrinkage in the metal reserve of the Bank of England, but compared with the corresponding date of last year there is rather a large decrease. . The position at the moment appears to be that there ir, a flight shortage of credit .in the short loan market causing the rate to advance from 1J to 25 per ccut. The Stock Exchange quotations show firmness with Consols 10s. better on the week. Colonial Government securities arc unchanged. Apparently the political outlook is much more promising than seemed possible a week or so ago. OTHER MAHKETS. The wool ■ market is very Arm, and all section? are operating at the sales. English buyers arc talcing com™ wools freely, and German and American buyers are bidding for fine wools. The activity of the Americans is very satisfactory, and it is perhaps because they are in the market that fine wools have advanced. ' The tone of the Bradford top market is said to be confident, although business is restricted. The butter market is cxcocdiuglv dull, colonial sorts being affected by the increase of European supplies. The butter market has been weak for some time past, and if local prices hod any relation to .London, quotations as has frequently been elated it. has, then prices to New Zealand consumers should have been reduced long ago. Butter is retailing in the city at' Is. 3d. per lb., and it should not be more than Is. Id., at its proper level. The cheese market is reported quiet, hut prices continue firm with white at 61s. to 655., and coloured at 635. to 645. 6d. Customs, duty collected nt the port of Wellington on Saturday amounted to £716 Us. 2d. \ .. LONDON WOOL SALES! By Telegraph—Press Association—CopyricM London, Mav 1. Merinos aro eelling at the highest price of the- series. The keenest competition is for crossbreds, Americans making the best bids. (Ecc. May 3. 5.5 p.m.) London, May 2. At the- wool sal©? the following prices, were realised for the Iccccc portions of the clips named:—"Waipuka." top price. 12d., average lljd.; "Erina," top ltd., averago 15Jd. Messrs. Levin and Co., Ltd.. have received cable advice from their London' agents t.hnt tho following clips have been sold on their account at the sales now current. The prices named being the average price realised for the fleece wool in each instance:— WAITATAPIA. BnlK lo*d.: FJI/HULA. Bulls. II l-16d.: WEKA, Foilding, 10M-: CROSS KEYS PA. Mostcrton, Hid.; CROSS KEYS, Mnstcrton. II 15-16 d.; JS, C.i-twtnn. ll>d. ; IS. Carti-rtnn. lid.: SL. iViinfua IOJd.: F/OTAWIIAO, Kumcron. lojd.; GM'nnp.NSTDK, Maotcrt/m, 11 13-i6rl.:. WAIMAFTOE. Wnikanac, lid.; TE TAUMATA, Pahiatua, lid. METAL MAEKET. By Telegraph—Prrss \ (Ecc. May 3, 5.5 p.m.) London, May 2. Copper—On spot and three months, £63 per ton. Supplies, 55.949-tons; deliveries, 50,800 tons; stocks, 22,778 tons; afloat, 4CCO tons; visible, 29,278 tons. Tin.-On spot, £154 10s. per ton; three months, £155 10s. per ton. 5t0ck6,1774 ton« On.Bpot, 3622 tons; afloat, 3554 tons; deliveries, 2735 tons. Lcad.-Soft foreign, £18 12s. 6d. per ton.

LOXDON MARKETS, (Itec. May 3, 5.5 p.m.) London, jfav I. Copra meets with small business. South Sen. in lings, £25 10s. per ton. New Zealand Hemp.—The market is dull, May-July shipment, £25 per ton. Cotton—May-June shipments of American middling cotton are clearing at ti.BStl per , lb. ' ' l'ubljcr.—Ujird fine I-'.artt. 2s. lHd. per lb.: , plantation, 2s. 7Jd.: smoked shoots, ?■=. M. Jute—Native first marks, Slav-June shipment. £33 15=. jicr ton. Wheat.—Tin; market .is firm with fair inquiry. I COAL TRADE 80-PMING. Sydney, Mar 2. ; The Newcastle coal trade is booming. The wharves are not nearly able to cope with the trade requirement!* FREEZING WOIiKS CLOSED. Sydney, May 2. The chilling and freezing works at Alterdocn, one of ihc largest in the State, has closed down owing to the high price of stock. TALLOW. (Hoc. Stay 3, 5.E p.m.) London, JFay 2 The stock totals .;6£4 tons; imports, 2483 tons; deliveries, 4700 tons. , DALGETV AXD CO.'S DIVIDEND. London, May 1. Jfossre. Dalgeiy and Company have declared an interim dividend of 4s. j>er share.