COMMERCIAL ITEMS

Dominion, Volume 7, Issue 2151, 18 May 1914, Page 8

COMMERCIAL ITEMS

INVESTMENT SHARKS. Tho sales recorded in the investment market on Saturday were Bank of Xcw Zealand (£3 6s. Bd.), at £11 fe. {two parcels); Wellington Cm (£lO, at £16 7s. 6d. : Meat Export (£4), at £5; and Meat Export (525. 6d.), sit 635. 6d. The quotations were as follow:— Burera Sellers £ ?. d. a. t. d Bank i\'.Z. (£3 6s. Sd.l ... U 2 5> National Dank — 5 iJ 6 Equitable Building ... 9 5 0 - Met. Permanent 1115 0 - 12 0 6 Well. Investment 11l ( Well. Trust and Loftn ... 7 I 6 I'atmcrston N. Gaei — 10 10 0 Wellington tia 3 (£IW 16 7 0 16 8 6 N.Z. Insurance 6 3 0 — Heat Export (£si 6.26 650 N.Z. Shipping — . 16 u CKaiapoi Woollen.(ord.) ... 5 5 0 — Well. Woollen (ord.) 4 6 6 l.eyland U'llrlec — 1 ."> o Uolden llay Cement 8 15 5 Manning and Co 3 18 6 — jN.Z. Paper Hills 0 15 0 Sharlana's 12 0 Ward and Co — 5 0 0 W.KC.A. (£1) -■■ 1 i 0 LONDON MONEY MARKET. Tltere are no outstanding features in tho London money market I'or the west: if we accept the fibcreoso in the metal reservo iu the Hank of iingland, which amounts to about £3iJti,CCO. The movement appears .to be a normal one, for, the total metal resorve is not a greet deal Itm in the aggregate than it was & year ago;' the deposits, both public and other, are larger. but the proportion of reserve to liabilities la a- great deal smaller. There is obviously a certain amount of jJi-cssuro on the London market, and we rant therefore look for a rise in rates in the course of n, few weeks. Customs duty cofle.et.eil at the port t>t Wellington on Saturday amounted to £813 7s. 2d. FEILDING JIAKKET KEPDHT. Messrs. A. 11. Atkinson and Co., Ltd., report a small entry of poultry and a medium yarding of pigs, with prices unchanged. , A large quan'a",y of carpentry tools, drapery, frnait, prouuee and sizjulHes was afe'O quitted, Quotations:—Poultry': Hens, 25., 2s. 6d., 3s. 3d.; chicks, £s.; roosters, 2s. 6d., 3s. 3d., 3s. Cd.. 3s, 9il„ 4a., 'is. 6d.; ducks, 3s. Sd. Pigs, bacoMers. 365.-, porkers. 245. 6d., 'Sa., ofa,; stores, I&s., 18s., 195.; slips, 10s. M., lis,, lis. 3d., lis. «L, 12s. 6d., 13s. 3d., 13s. Uh. 145. ; wcaners, $■■>, 3d., Us., Bs. 9d. Fruit and produce: Apples, 25., 2s. 6d., 3.?. 3d., 45., 'if. id.: pears, Ss. 6d., all at per case; onions. Id. to !£d. per lb., bag and saci; lots; potatoes, 75., Bs., Bs. 6d., 9s. per <-aek; ptimpjiiiis, 7s. M.. Bs, per sack; cabbages, sd. each; marrows, 3d. each. SOUTHERN QHAIS ItAKKETS. (By Teicgrapn.—Prtas Association! Oaroaru, May 16. The week in the grain market has been rather quiet. Alc?t of the- business here ha-5 been done with Canterbury. The fallowing were tho prices paid for wheatsVelvet. 3s. lid. and is. H*d.; Itcdchair, 3s. 9d. and 3s. 9Jd.: llcdcho.ff and Red Tuscan, . combined, 3s. 9d.; Morshall's White, 3s. W. ! and in. 6{d.; solid straw Tuscan, 3s. Bd. and 3s. B*d. There is a better inquiry far good samples of o.'it«. bnt n;j alterations in prices. Sales of "A" uraOe (fartono have been made at Is. 7*d, and Is. 9d.; and up to Is. 9-irl. for an cxception«tUy. good line, "II" grade, Is. 7Jd. and Is, M,. all net, Algerians have sold up U> Is. 10d., but there is a market for light ©at?, Malting barIcy has sold up to 2s. lid., not less commission, at a country station. The post-, tion in regard ta potatoes is not improving. Canterbury seems to monopolise the | northern markets. The best Quotations is 705., with Dunedin as the omy outlet.

CLOSE OP THE SALKS. '' By .Telegraph—Press Association—Copyriff.it London, May !5 At the wool sales there was ft good ea.fe <H the-lushest level of the ecries. (Ucc. May 17, 5J p.m.) London May 10. The wool sales haw dosed. During the series 117,000 balce wote soki to the Home market, <10, COD bales to the Continent, am M.CCO bales to America, and SCM Imkis were hold over. Jlorlnos steadily hardened and good average combings closed fully 7} per cent, abovo March rates; short faulty i per cent, advance, Wioiecst showed Jitfje change. All line crosabrcd-s mi a choicest of medium crosslinks were keenly compeled for by Continental and American buyers, and advanec-d fully a penny; all course grade shabby and medium remained about unchanged, out showed a hardening tendency duriug the last few deys. Siipis were in keen rtenmnil. and the host sorts advanced a penny, scoured were a halfpenny to a penny higher. Lambs woof: Merinos were firm and unchanged, er-o-ss-bt-eds were irregular, seedy parcels were in buyers' favour, and free softs advanced 5 per cent. The following prices were realised for the fleece, portions of the clips named :—"Krewhoti," top .price 12jd.. average prise ll'Jd.; "Torino," top 12d., average ll'd.; "Ewjina," top 13id.,' average, UM-; "Titl," top I'd., average lljd.; ."Omamatorc," tap 'M., age lJd. .

Messrs. Abraham nail Wiiliaujg, Ltd., have received tlio following cablegram from their. London agents, dated. May 15;—"Tiw> Eales closed to-day with <i large citt.wicjari.ee of buyers. The Americans have been operating freely, and competition ho? been very nctive. The price, as compared with the closing rates of last series, fltij-tts follow:--Merino, 5 per cent, nji, fine crossbred 7J Eer cent. up. medium and coarse crossrcd from rar to 2.J per cent., with the market very firm. The- prospects ere considered good." BKISBANE WOOL SALES. Brisbane, Stay tf. At the wool soles eompciitieu was iv"y keen. Prices for the better classes- were seven and a-half to ten per centum above March rates.

LONDON MARKETS. lEbo. May 1?, 5.5 p.m.) tendon, May 16. New Zealand JJflnip.-The market is steady; high point fair. Slay-July shipment, £25 per ton. Cotton.—May-June shipments of American middling cotton are clearing at J.OJd. per lb. Hubber.-llard fine Para, 2s. §3d. per lb.; plantation. Is. 6d.; smoked sheets, S.=, (A. . Copra,—The market, is quiet. South Sea, in bags, £35 to £25 Zs. 6d. per too. JUTE, London, >fev 16. Jute.—Native first tatttks. May-June shipment, £33 £e. per ton. SHEEPSKINS. Tho Bank of New Zealand has received the following cablegram from its London office, dated May 15; "Tho market. is strong for all kinds of sUeon-skine.' Prices arc higher par to 5 per cent." . Messrs. W. and G. 'Pnrnbnll una Company, Ltd.. roport having received the foi.lowing cablegram from, their London agents, under date May 15:~Crosshri>d futlivoollcd line and crossbred,'half to threequarter woollod, hue. Advanced halfpenny to three farthings. Crossbred full-WBoileS coarse advanced halfpenny.