COMMERCIAL ITEMS

Dominion, Volume 7, Issue 2141, 6 May 1914, Page 10

COMMERCIAL ITEMS

«— ■ INVESTMENT SHARES. i A. sale of Wellington'* Gas Shares' (£lO paid), at £16 7s. 6d. -was the only transaction recorded in investment sharci? yes- : terday. The quotations v.;ere as follow:— 1 ■ , liuyero. Sellers. £ s. d. £s.'d. ■ Eank JT.Z. (£3 6s. Bd.l 10 4 0 - . I National flank 5 10 0 — . Equitable Building 9 0 0 — Metropolitan Hullding .... - IS 0 0 ' Well. Investment .: 0 10 10 0 11 3 Well. Trust and Lonn .... 7 7 6 .— '. Well. Deposit' 0 7 0- — Auckland Gas 19 6 ■ aisborne Gas — ' 2 2 6 I 'Wellington (las fXlfl) 16 6 6 — • Weil. Gas (preference) ... 0 19 6 ....— N.Z. Shipping (pref.l 10 5 0 . — ; Union Steam (ord:)' 1 5 0 - i Kfliapoi Woollen (ord.) ... 5 5 0 — i Well. Woollen- (ord.) .....'.. 4 2 0 - , Well. Woollen (prcf.) ...'... 3 0 0-' — Leyland-O'lkicn- ' — 13 3 ' Golden Eav Cement 0 19 0 — ■ Ward-and Co : 4 19 0 — • W.F.C.A. (£1) - 16 0 ! ' POST-DATED CHEQUES. A question of considerable) importance to ! busiucso people, especially in the country, • was recently brought to light in a- ease where a person -was charged with having obtained money by mcana' of 'it valueless I cheque. The accuecd procured a blank f cheque- from a storekeeper, filled it in, . post-dated it, and after purchasing goods at a neighbouring ' store, tendered the ' cheque in;payment without remark, and . received the change. The' accused had no account at'the-bank on which the cheque was drawn. The* charge wasdisraiescd on ' the ground that, there-was no fraudulent '' representation.' ' - > t This decision.raises an interesting question with respect to the criminal law and the giving of post-dated cheques. In the ? case of a person obtaining goods from anr other and tendering a cheque dated on the - day it in drawn,-'arid'-having no account 0 at the b'p.nk, or with no' expectation that j the cheque will behonoured, tills io clearly obtaining money by false pretences.' In ' a case, no- special -proof- ia necessary 1 to show that he expressly represented the i 1 cheque* to be a good one: the mere fact % of his haying in his possession a- cheque . and obtaining -ehang? for it if sufficient. '.But-a' man who gives a cheque on a•bank where he hai no account, it the time would .not be liable to conviction if he was honestly in expectation " of there being - fundi? .to meet the cheque at the time'of . its/presentment. Further, it a man's e'e-, . count were overdrawn, and he had reason to suppose that his cheque would ptill be honoured, as is often the case where a ' man of position may overdraw his account • in' perfect good faith,' and with the tacit t sanction of his .bankers, or in expectation - of poyments made to his" credit; ■ then he would not be liable to conviction . for obtaining money by fal'-a. prefc-nce-j". ■ Hut in the case of Post-dated cheques. • the lew lias been laid down on several i occasions that the mere act of giving a ppst-daterl cheque .without aiiy further re- ; presentation, is not a pretence of an existing fact, but amounts merely to a pro..rnise to pay.at a future date. If. however p, person mays or docs anything at the time of uttering the cheque which induces' the person cashing it to believe that the monov <•.-> meet/it' is in the'bonk, or "that it will be there when.the time'for parment is due , that; payment- is to lie'deferred Only I for his conveninnce, then he will be liable ■ to .be. convicted oneuch evidenco for ' ob- ' taming money by means' of falso pre- ' tenccs. ... "-•• i # . ' ■ '. • AEQEXTINE SHIPJIEXTB. - , The Department of Agriculture. Industries aim Commerce him- received the following cablf-pam from Bucno,-. Ayrefi, dated May ZirTho'following shipments of "produce were <lis-)atched..fcom the Argentine to the united Kingdom during April, 1914 (compared with April, 1913):- , , 1314. ' 1913. Fro2cn beef, quarters ... ■ lfci W) lWfffl ■Chilled beef, quarters ...- 429;000 - 29'i'oco Frozen mutton,carcasses' 219,000 ir,2.CCO- ■ Frozen lamb,: carcasses :- —; ' iC9.rco Butter, -cwt '....:; 5,662 9,815 .TRADE-IN ALLISN STIIEET. 7 ex Talunt- from tha Cook Islands reached-port per Warrimoo, and the -consignment realised modcrate prices. The -Navua-.from ' Fill is flue here on Thursday evening with the usual monthly shipment of bananas, and, provided only e, moderate-quahtitv i» available, satisfactory- prices should be realised;" Vety'light consignments 'are expected from Sydney' to-day; these will 'constat j mostly of passion • fruit "and pineapples. Light consignments of tomatoes are .com- ' iug' in now, and high ratcw are- ruling. Peji'3 hove advanced about £0. per cent. J during the !o.»t two weekr-. ond conisign- ' mfints can now be recommended. A.ii excellent demand exists for choice-, coloured apule.-:. , Vegetables.—Parsnips; cauliflowers and French hean's are' in'strong derimnd. and cabbages,.are selling ;e.t payable', rntcs. , Vcgetahlc man'ows.ore. exti'cmely dull-'of sale.-' Choice -relery-i is ifiquirevl for. (Iniorio ore in plentiful s.upnly. -nnd'are realising £6 to £6 10s. per lon. Picklia'e onions are dull of eale at 6c. to 7s. per ■ cwt. - . ■ ■ ; <

Potatoes.—Good sunnllftA ore available, and price? r.mjje ■ from £5 IDS. to £5 las, por ton. sacks-in.-Flour.—Jfew Zealand flour continues at£ll per ton', ex stove, tor leaditie. brasd?, and £10 f.o.b. south, . Icis. .Lite usual discounts. Fowls' wheal is ia excellent d-eniaiid ot %. - 6d. to ' <T=. .Stit. per buefrfel for prime whole. ■■- • Fowls' barley is in plentiful supply, «n<3 is scllinir at 2s. 9<l. per bushel. Cape barley meets with very little demand at I:-, to 3s. Id. per bißshcl. 'Maize—Sew Xcftiand-srowit is in iishtsupply, and solliriji nt f/. »w bushel. Kup- , plica arc on the way from Java, and the ' market will probably decline 'when these !■ arrive. Than.—Good stack-i ire a,vaila.hle, *nfl the current quotation ; is £4 ss. to "£A ify. per ] bushel. • " ' " ■ Pollard is in -'.itroiis:.'demand at £7 to £7 ss. per ton. '...-•■". ; Pin-meal has. very cood inquiry, at. £5 10«. per, ton. •. . ... Itiecmeal is nuoted at.£s per ton.' . Oatmeal, in 251b." bags. £12 to "£l3 IBs, per ton; in 71b. bair'ii. '£13 ite. Tiolled Oats-Thistle, br-and, in 4')Jb. bn*s, arid Creamonta, in -ill). bfiRS, are' seHins at lCs. per dozen. Chaff—Prime oaten sheaf chaff in in Irirec supply, and k ouotcd at £4. Ks. to £4 155.. per'ton. eaelis in. ' ; Broken pea's far poultfy and pie-f«Sd are in strone;'demand at 3s. sd: per bushel, c-f 601b. ■•■''■".■', Shell.grit has gcod-inttuvry at £4 ;e. to £4 -109. per 'ton. ' ' ' '. . Fresh epgs ate r.bw sellinir at 2s. to 2s. . Id. per dozen, with the proliaWity oi droppinsc lower, preserved.-.ere quoted at 1&. Cd. per dozen, ' 'Putter 'is short of remuromßitss, PriHio milled, in bulk, is-seltfns aliifl. to ilia, per lb.: good-fliiality,lC-d.- ; Poultry-Hen*. 2s. ,6d. to ti. 6d. per pair: hea-Vv-'table''birds' fuhnc at «s.'; to . 4s. 6di: cockerefe3s, «d. to ss. 6d.; pullet-?. - 4s; t-n 65.;. Indian Thinner ducks, 3s. to •«. . M-.:-'Pclfin ; nnd'Av-le-fipry ducte 45.. 6d. to 6s. 6d.; , turkey gobblers.'ls. to I=-. id., per lb. 'live weight;' hefts. lOd- to- ltd, Customs duty collected at the P°rt- "? i Wellington •' yesterday amounted to £i 4« 13s. IC-d. i 'FEILDIkO MABKET BEPOW. .i, Messrs.-A.' H. Atkinson, and Co., kid., j report'small entries'.for both poultry ami pigs -at their Friday's «ale,, prteos being on about a par with late .-rates. Furniture, produce, and sundries fetched usual figures, Pdultrv:'liens'. -2* id.. 3s:, 3s. 3d., 3s.'id;, :3s.- 9d.:- roosters. 2s. 3d., 2s. 63.'. 3s. 3d.; -chicks,. ls.-.'Jd:;- \e. 6d,, 'Is. M:; cockerels, :is:-9d., ,25.; turkeys, Bs. fid.: ducks, 4s. 6d-; drakes, 1 3s. 9d., 4a 3i; all at per pair. Pigs: Weancrs, 7s: 6d.. ifei.. lis.'; slips, 12a.. 12s.'6d:, 145.; stores/ Hs.., 163.,-lTs.'6d.. IBS., 205.: porkers, 3te. t 325. 9d. Pig potatoes, 3s. 6d.; table potatoes, Us.. W.; pumpkins, ss. ,6d., 7s. 6d.; ail at per ' sack;' Pears, te. Gd.; apples, 3s. 6d. pet- narrows, 3d. each; onions, Id. arid-3d,- per lb., saek lots. • .. SOUTHERN JIAItKETS. . (By Teleß'rairti.--Prcsa Association.) Chrisicltursh, Jioy 5. The grain market has opened very quiet this' week. an"d there is reiiffrte-d to be practically nothing' doing. TM .potato market haa eased a Utile. Conslder.ab.lo business ha-s.lately been done in puic'uosin'c .from growers who are row engaged in digging the'mafn amii. The price "paid has been 'chiefly' £3 10s. at country stations', though more has been jHveii for-lntihsdiftlc delivery. The; top price- Is now £3 10s., .and, sales have Also beun made'at £3 ss. Oamaru, ifay-2. There is.a- weaker feelitts'in the grain market, but prices', have tioi, changed. Milters, however, have fair stacks, fcnd-'arc Hot active The fd-U'oTCin-f; are thecurrent prices?:—Velvet, 3s. Sid. to 3s. 11-' d.; red chaff, 3s. 9d. to 3s. 9ijd.; rcil Tuscan, 3s. 9d. to'3s. 9Jtl.; solid s-traw Tutcan. 3s. B'd, to 3s. Bid.; Marshall'* white, &j.-tti. t«''&, 81d.. all net. The- dcu/afid for aats- has fallen away, and very little business has been done. "A" grade Cartons have sold at Is. 'Bid. to Is, 93.; and "B." grade ai Is. 7Jd. to Is. Bd. The market for potatoes is slow. A lew small lines have been eibl at £4 to £4 £s. Mfci; hut' B-rowers ase. asking £5, aud a few Speculative purchases have been.- made at that; price, but .-cp-ttst-wise shippiug cannot, be done At that" figure' NATIONAL IKSOItANCE. CO. ' Duhcflirt, May 5. Tho directors of the Xatid'-iiVl IrietiraJtce Company have declared tt-n interim dividend of 16. per share, FROZEN MEAT MARKET, - Messrs. Gilbert* AndWsoit eo.(M*«srs. Mellsop. Eliott and Co,, local -agente). writ* jug under date March 2?, report as follows on the London' rhoa-t martet:—n.Qiheurown: All classes of meat are. lower, tha demand being very poor, -Beet: feoich (•idcii, HA. to 7d.; Kftsrlish, 6d. to «j-d..; Iri?h, Sid. to 6d. Mutton: iico'leh. 7d. to 8-d.; En'»lish, 6Sd. to 73d.: ewes. fid. to i\A. Teas: Scotch, 7d. tp 6d.; F.iaglish, T«d. M Bd.; Kngli3h lamb, lOd, to le. V*al-, 7'-d, td 9d. Pork, 6d. to 7Jd. Frozen: Tlte heavy arrivals of mutton, lamb, and beef, combined with a. slow 'demand, have eata-d a- Siibr>:antial reduction in values. Frozen tnutton: Canterbury -slleop ean he niioted for the first time'ot 4Kb. to 5«1b., 42d.: 65 to 64, <£d.: 64 to 72. 4Jd. -Best North Island, 56 to 64, -4 3-M. to 4*d.; ordinary, 4 5-IM.: cwea, 48 lo 64, *d. Australian ftethefs. *0 to 60, 3,? d.; second .Quality, 35 to 55. 3 IM6d.: ewes. 33d. South Ajncrie-att, wt-tlter::. £51bl to 721b:. 4d.; owes, 43 to 64, 33d. Frozen lamb: There is much anxiety to witii uhnudnnt supplies to fend, the market is *d. to Jd. lifter. Cftjiteflinry jan'il»s, up to 361b.. 6!d.; B to '■%. 6Jd.; 42 to 50, id.; : recopds (small). s?d. Bn«it North Islands, ?.9 to «, 6d.: ordinary, 2-5 tn <i, i 13-16 d, Australians, best, 25 to 42. M4.i fair, up'to 36,- s^l.:'inferior. 5Jd. South Anteriifa-n. 28 to 36, 51d.; 36 to 42i .554: ehillcd .beef: The market is GUffcrinK from the Biftntifiil ft-j.p. rlieTand f-nles ws difficult tn'effect. Kew Zoiilahd fores, old.? hinds, 4-Jd. F.rons, 3';1.; hind?, A J-P'l. Simth AinoH-r-m fores. 3jd.: 4j'd. Cliilled fores, 3 13-lSd.j hind*, sd. ' . ' LONDON- WOOL SALES, By Telpsrapli—rress "" London.i Mav C . At- the wool fates tjwsrc was a. s'tron* market for finer crossbreds afld. ■iueHnofl. Prices for other sort* ssrc unchanged. Messrs: Abraham- and -WH-JJaras; Ltd., hive received the toto-wins cablegram frn-m their London acente. dated May 4:-,"T!iB wool-salcs continw* to a- lrir.se -aitendai,c-Sr of buyers, with the Americans operajinir freely, and competition is cstremeiy active. As compared with the closinfe r-at-cs of last perics, fine crossb-reds: and ate'rinas show a rise .of 5 per'cent;, and itiedittm and: coarse crossbred 2J. -wr cent., wltb, the ■ market firm.- The- p'repßcsis are aonsi&rcd steady.!'.: -.. ■ ■ .. .- ' •Messrs. Ixivin and-Co',-, Ltd.-. hdvc-'received cable.advice from thei,- Load»n agciits thit the following clins hAve beep : sold on fheir account at the »a!cs now enrrcfrt,, tho price* r.-a.mcd beihe: the iiriVc rCa.l, i;etl for'the ileecb wno.l in'e-ich inßtin-'*:--KARIEI; FoTt-on. Mjd.; FEftSTiANDS.' Mns- - tcrton. 10 13-16 d,: CLAtSMOXT. Fossil, 11-' l.: F.-C/WTLLrnVBAXK.-jr/islert-oii, 'lid. ; ! PTII.F.TE/.nTK, in 5-Pd.f PTIK (Conjd.). Tein.i.Mfl 15-16 d.: OAKfiAT.r, Mdsterton. Hid.-; A'XCHOS. JMaeter'tos. MS. BIVEE PLATE MEAT. Et Telesraph—Press Af(?aciafson-.-Cop-yrieht tprlrfon, Hay 4. Pivcr "Plate''shipments for the tveek:— Mutton,-215,CC0.carc-3£'»3?;' lamb. ISS.M'O carcasses: frozen beef. 121JC00 (jii-arters; chilled beef, 302,EC0; ■'■'