COMMERCIAL ITEMS

Dominion, Volume 7, Issue 2145, 11 May 1914, Page 8

COMMERCIAL ITEMS

INVESTMENT SHAEES. The salca of investment shares on Saturday were: Auckland Gas at 335. and Weiliuston Gas (£10) at £16 7s. 6d. The cmotauons were a3 under:--Sellers. Bank X.Z. (£6 13s. «.)... o" if % % Bank N.Z. (£3 6s. Bd.) 10 15 0 National Bank -. 5 12 6 f. u. n tquitablo Buildins 9 5 0 S 10 0 Metropolitan Uuilarae .... — iis u Ii Well. Investment 0 19 3 e 11 3 Palhrerston North Gcs ... — 10 10 0 Well. Gaa (£10) - i 6 3 0 X.Z. Shijipinj; (ord.) - 16 0 0 Jj.Z. Shipping (prcf.S JO 5 C «12 6 V, ell. Woollen lord.) ...... 4 2 6 — Leyland-O'Brien — 1 3 j Golden Bay Cement 0 19 0 Manning and Co 3 13 0 _ W.F.C.A. (£1) - iso THE MO2JEY IIAKKET. There was a ahrinkage hi the metal reserve of the Bank of "KiiglaiKl last isTck the outgo being nearly -a million atcrlisi-' The metal reserve of fki> central bank 15 not 60 important now «s it used to hv a<; tho principal joint-stcwk banks hold golfl and their joint- hoard is about eaua! to the. total of the Ban]; of BngiflmJ. Were it not for this fact, tile money rates would be higher than they aro now, as tUc bank's figures are not so healthy a« tlieywore a year ago. The market repaid the banU about £S,OM,eCu of advauccs white other d». posits have decreased by alj-aut the ealife amount. The security markets are ntendy but Imperial Coiiiiols have had a. re'lame and A'cw South Wales three per ■■"eras havo dropped COs. This ra-tiy Ik due to Hcgotkitions for another loan, <:m that Stain is in need of money, the outlook for "the' immediate future of the money aiarket is satisfactory. A«ot<Lin.p; to the ' ,i«tat:st" there i? keen competition amonmsi the groat central banko of Europe for' i; o id' but in this contest the Bank' of England docs not- participate. It is stated l»y the journal mentioned that Irctive-cn the firs* wen): in January, 14)3. an-fl XU\y U In.itfl. little over fourteen mioiths-tlie Ei>i,'.i,«. lunik increased- itn gold holtiin«-R l-.'v ■CZ5.C43.Z00. 11l the same period the J!an'i< of fraiicc mldcd £17j1M.040 to her "l^\ " while the Imm-rial flanl! of & treafud her gold resevvco by .CM.789 "SO t» £178.638.597. There is An immciKe oniomi? I i.f gold oireriiiß for f-nte in London e'vwv I week, hut. the Bank of Ensrloncl docs mit I buv when foreign competition raises the ' pric.- flboiit that, at whiiitl it is liouilil by law to cash its notes. Porcisu norumulatioiK' have doubtless benefited μ-realiy" by the release of gold hoiirdod • dtirin- Hie troublous limes prior to the «lc<M of the BalU:m Wnr. but «ib fot-t vcmains th"t forcicn- liiinlt« oro eager o{ the metal in London,

■ ■ 'V" COST OF LIVISO. ' Now Zealand hau'elioldi-i's cannot claisi exc'usively t« be satfei'erd by reai-nn or tin; insMascd oust of living. The extra bur&cß i-; fell (iiiili! as spevorely in America. as demonstrated by an interesting sorles of comparisons which has bean published in the form of an official bulletin by the llu'rcau of Labour Ktatistica of Shu T)n1l«d States, Tlie ilot'Uinwil fells with the mow-in-enLs which occurred in the prices of forty uC the principal articles oi food in tho poursn of the twelve inont-jie ended JJeceiabar 15 last.»As a result of its Investigation* the bureau • reported that potAtoee aiivmieod in nioriict value no less thaa 11.T pur cent.; freah eggs were "1.9 ]isr cent, dearer: park chops cost 16.5 pop cent, more; hiuHd steak, 23.! per cent.; rib roast, IB per rent.; oirloiu otrak, 8.9 per cent.; ham, 7.9. per cent.; hens, 6.7 per cent.; com meal, b.& nor cent.; bacon. 4.5 per cent.-, milk, 1.9 per cent.; ami lard. 7 per cent. As α-suinet this list, of advances, there were reverse Biiclnat-ione in sugar, which cased to tho esteni. <>'. 8.5 pev cent., butter 2.9 per cent., am! flenr Oi per cent. Throughout. 1913 high prices prevatiml. Rcnerallf, but, in tire last quarter a decllno occurred in tho price* ct twelve-out of tj>a iifiren cofijrau. liilios anmncrut-ed above; but in the sameperiod the price of eggs tosd to a level never before attained in Use States. Wbm Uii> prices of each of Uiu fifteen nrUolce were wciffhleit -tvcording to avefagn com-. sumption in wortoinp men's tamiUes it was found that retail rates were at a higher level on November 1J last than nt any earlier date within the M years preceding, when ttoy touched a "njojijantn of 72.8 per cant, ahovo the average for'lßßo-49. Retail ouotations for food at tiie tnd of tho period of cußipnri«on ehovvcil a flight itellim from the liirt point indicated' a month before, standing Mien at 7'.7 jx»r cent, over the average of the decade 1590-59• 9 d(t cent. n»iov» the pries at even data in 1912. α-ul 14.5 tier cent, above tbe lend ci the middle oi Bcecaber, 1911, tTAIRAIUPA TEMINATOG BBItDISO ' SOCIETV. I Tho ninth cnn-aal report am! balowe- '■ sheet of the Waimrapa Terminating Building Society states that the number of sharm allotted is 52*1, leaving a balance oi 76 not, taken up. Thirty-six shares on which £125 U. Srad bean paid h«ve tern forfeits;! to the. society duriag the year owins .to lwH-pnyiuent of subscriptions. A ram of £2550 lien Iroen (hiring the yoar,j£S<sQ by sole, yielding £165 123.. and the balance- hy ballot! The securities hold by the society in respect of loajia are ell good, end repayments ere in most M!«cs promptly pnid. In accordance with the expressed who( iharoholders at the last annual meatinc, all caller tiiv iw now ! (tone from the cilice, ft ml in this msinnor (i saving has heoa effected of over £10 fho tiifectore have also increased the worfcins: expenses. <is recommended at the last ! annual meeting, and the revenue- of tfce society hoe li<rnen>i «>issiricra\i!y, ' Tiio amount received under this ln?ad ia futaro cho«ld very nearly meet the ranches of j the society, thus lcavinp practically tho I whole of nretuinins received on sales of I appvoprintioKS flnd other as I p?o8'». TUo relirirlK dirpctorc are fesr* j W . Benton. J. IV. Kersliaw. (End \f 3. Umion.. v:\ia offer tltorasclvep for re-eler-tien. Mfcssrs. W. W. MfliWOeid. and A. J. Pitnon also offer thernsslvoa for olectiaa cs directova. Cnstoms fluty collected at the nort of Vvellinsten on Saturday amounted 'to £52? FEIHHNG MARKET r.KPOBT. • At their weekly tah on Prffiay A. If. Atkinsoß nnil Co.. Ltd., of Feihfing, report sniell entries of both poultry and pigs, with oUgutly more competition for tlic lat(or than of lat«. Fruit and producv sold runijiiy at quotations, and. a qmoßtltJ of drapery, oil α-ceouist of Carter oaj Go., was also disposed of. Quotations^—l'out try. at per pair: Eeiis, 2s.i Ss. Cd.i 2s. Sd., 35.; fooctere. 25,, 2s. 61. Js. ; ducks, £*. 9d., >. 6d.. is, 9d. Pigs: Wcancrs, 95.. Ijs., 11s; 3d., 12s. 6(1., 13s. 6a , .: slijf. 16s. 3d.; otores. 17s. Id., 18s. 9d., 18s. 3a., , Ste.: ba«otver«, £1 Vs. 6:1. Fruit And protece; Apples, 2s. 9d:, 2s. %., 3s. Cd., 45., 4«. 6<l. per wee; cabbages, id. each; poUitoCi?, table, is. m., 6s. i M., fo. 6d., 75., 7s. 3d., is., Bs. 6d. pet sack (various weights); toig do.. 3s. 6d. jier sack; onions,, id. aad lid. p«r lb. <wd rook lots; pumpfiins, 7s. 6ct. and Bs. per E Ack. OAMAKU MABiCKTS, (By Telegraph.—Press Association.) Oamaru, May 9. The vriUKit ttorliet has shown more activity than for eonm time past, .and sevctal transections on a. im'Ke scaio hav* «eh«H place. Gcc line of prime velvet sold foi- tlie south at 4s. id., and anothor of I 2000 sacks at 4?. not. Tho following ere I tile Bonofsl cawent prices:-Velv?t. &. tld. 1 to S3. UJd.: Borrticr, Iβ. IOd.; .Red Chflft, !ft 9(1. to fe. 9jd.; R<sd Tuecdn, 3s. 9Jd-; Mfts-thal's white, lei. Bd. aad 3a. JM.; solid straw Tuscan, <it 3s. Bd. flnd 35." BJd., all 1 net. IHismes lias been slack in oats, and l3icre have been few rifircjiases owinn to an indlcotion that prices nre inorc likely to fall itan rfee. A Grade Gortons "Have paid at 1». BJd. to Is, 3d,, and I? Grade at l<i. 7d, to Is. H. net. There is Bβ <io--mand for borley or entea sheaf ehaff. Bueines in potatoes Is e-.t a- owins t-o growers more than wei , - ■ chants oro prepared to give. Caiackc«i>crs ■ have lsecn sold ttt *4 17a. 6il. net. delivered in town, and Up-te-d<vtvs at Sfl &3. jjet. IiOXDON WOOL SALES, Br Telegraph—Press A&oociiUion-CoftyriKlit LJinriett, May 8. At the wool sales Uicro w< , s animated 1 campetitoH st- the highest prices at the series. were keen on merinos asift Sue orossbwds. The {allowing prices were' realised for ttio fleece noriions of lh<s Now clips nateed :--"Aporae." top price 13d., overtiKe price HM.j "Opofti," iIH. end IB 3-?. d .; "Tenrerc," ISd. and ;Kil: "Tipapti," lid. and HJd.: "Upcot." J!d. nnri . Hid - "kskn" KJd. and 123.; "Titl," IJM. end llfd. (Sin. JTa-T 10, 6.5 p.ia,) Londan, May 9, At the wool sales the follftiviag prices were realised for the flcijcc portion of tho clips named i—'Tawapato," top price I*<!.., average price Mfld.; "Hinetoa," top Hid', ftveraßS Iβ 3-M.; "Paioke." top lid., averago ISJd.; "Shag Yallo.y," top 15j(i., everPEOKISS MEAT. (Kcc. May Iβ, 5.5 p.m.! LtUltfon, May 9. Tito Incprporiited Sofcieiy oi JKsil iniDorteta' SmitMeld markes naotatiofls for ths classes of frozen meat ftro ba-st-d on eetual sales of net less than eno hundred coiombo* of inuttoa or Jimb, of twenty-live oaartors of boet of fair afer«se oitality. Tito Quotations aro not for e-ilccWd Unes, but lor doj-cslb fairly ropreseptativ* e! tuo balU ot the shiDtaentj now an t!» market, 'i'ho prices which lollew arc o» the averajre a iftrthiag fler Hi, m-pre thaa lbs values ex chip, tiia diffefeneo reprcsestint; tho average coat is esudnea. coeveyq.uiio. aad scUiuii tto meat:*May 2. May 9. Mnttott— d. dT Cantei'bury, light 4J 4J Canterbury, medium 4& U CaMefbury, heavy 3? 3j Southland • • North Island, best 4 * North Island, ordinary... 313-16 3ij Australian, lig-Jit 35 -js Aisstrnlimi. heavy 31-3 3$ Kivov Plate, light » * Hirer Plat*, licavy .". 33 ;i New KMland ewes 33-j 3J Australian ewes 33-8 33-S Biver .Plata evres 3j 3J LambCanterbury, light 6J 65 Canterbury, medium ~. 41 A\ Canterbury, hcary 5 ii-i& Soathlaud 513-15 513-16 North Matid, selected... SJ 5 IS-16 Koith Isluild, ordiuary... 59-16 "511-16 Australian, best 5 3-6 $1 Australian, fair Sj 55.3 Ait-traliaii, inferior 5 55 ' Kiv«r Plat-e, first 53-8 53-8 Ifivw Plate, second 5 511.15 Beef— X«ttr Zealand, 01 fofes... J3-8 57.15 Jiew .Zealand. Os hinds... 4 5-16 47-15-AHstrnJian, os fores ...... JJ 33.3 Australian, ox Siinds ... IIJ-I6 41 Bivct Plate, ox fores 3». 37-16 Hivcr Plate, o* hinds 4 3-8 43 " River Plata, chilled fofes i\ 31 Eivfir-flato, chilled binds 5J si . *Nono ciTeriiiff. Kabliits.—The market is very dull New RoHlh Wales blueo. ex store, l'fe. fd.'le 15? Parcels ex Morayshift? } la .vo been condemned in London, ond many have been siorocd in Liverpool for -esaminatkin. JUTE. Londoij, Mar I. Juto-May-Junc, £U 10s. ' KAURI GUM. At the knriri gum rales 6i eases were offered and bought. There arc in etocft ■361 cases.