COMMERCIAL ITEMS.

Dominion, Volume 7, Issue 2157, 25 May 1914, Page 8

COMMERCIAL ITEMS.

INVESTMENT. SHAKER .' i T!ip businct'i (lone in'investment shares on Saturday comprised sales of National Han If "(two parcels) at £5 135., and Auckland Trams,(ordinary) at 245. The quato- . tious were r asrfollow:— --■ . ". '.'■', - . Buyers. Sellers. *-•••< ■ . £ s. el. £s.d. National/Bank — 513 6 Bank Jf.Z.ntea. Bd.) 11. 0 -0 . — Equitable- Building 9 5 0 : - ■■■— ■ OtetropoliMifc; , Nuiiding .I;':: '-' :■ 12 :0- 0 K.H. and.aSiver Plate 2 -2 ■»&',■ '■ ."■ .. — ' Well Investment (iii'ov'~ ; - — Well. TrUsVaml Loan ... 79 0 'v — Chrietchurch- Gas 7 4 0 ■ .->—'.-. I Well. Un,3.:, (£10) 16 fi 6 ■ ■ IS V 6 N:Z. Shipping (pref.) 10 5 0 — Union Steam (pref.) 110 — Well. Woollen lord.) 4 8 6 — . Westport ■ Coal ■ 1 10 0 — C. JL iianks, Ltrl 12 6 — Golden Bay Cement, 0 19 0 — Ward and. (Jo. — 5 0 0 _ °- 6 o Auc!!land;;.Tra : m3 — 14 3 Me honey market. I Althougii-'the gold reserve of the Bank of England jncreased last week, the ,monej position was not quite so easy as during the week-previous. The rates for three months bolls were higher both in London and Pans, and short Mans , advanced from Zi per cent, to 23 per tent. There is apparently, a ehortage of credit for dey-to-eley pud short loans, but this position can only be a, temporary one unless the financial situation, iit France is affecting the position. The, Rnancee of France are in on linsatisfactory .condition, owing mainly to the enormous-expenditure on. armamente, and to the fact.'that the conflict of parties h<l3 prevented the Government -from carrying out its Bridget proposals. French finance Iβ very..much., mixed up with Continentalfinance, end-any trouble in, France is, of course, likely to be reflected -in : London and other -European capitals. '

Kerosene ph-ioes. Competition in Victoria, betw«en ;the dienard Oil .Brand), on the one hand, and tho agents-for the Texae Oil Company, wlio import litehtl'.of 4ho. "Age,. and . who . eell •direct to tbe-.retail trade, on the othor, ia becoming verykeen. Tho.prico of AFhito - liose has .been reduced to 7s. 9d. per ca=c c.t store, and 7e. 6d. per case for delivery' t] i c i latt^ r snowin S a reduction of 7d. Light of tho Age made its reappearance in tho Victorian market about-three-years" ego and has made considerable headway in tho miburbs-pf Melbourne sinco that time partly owing to prices bein? lees rigidly ndhered to than in the cnee of WhiteKojc. It Is understock tha* a further dc■vplopment -is likely to follow tho reduction in White Rose. Thoro has lately appeared another competitor, at present not , very ; signflicant, but likely to increase in 7) res tyre. ,Thia i» the Now South Walea kcroiwnc of which mnall quantitieg havo been sold lately 111 Melbourno suburbs. Tho preaent position calls to mind the fact that there were Tccently rumours in tho American markets that the Shell Company had Texas a Compan.y! a3 likCly *° PUrCha6 °' tho CiOLD OUTPUT. ■ Tho gold production of Australia and Jicw /caland.for.,tho flrat four.months of imnW 3h ? w ian approximate total' of 783 ZOO fine outeee, againet 811,424- fino ounces for the corresponding period of 1913. or a dwreaso of 28.224 ounces The returns of tho first four months of tlinyear compare as-follow— -" - - - '■' : ....: 1913....: ' 1914, '- Victoria. ............,;.„.• m\a ' ram New South Wale, ... "7W5 4? 5S Quooneland 88153' 70011 . • Western AustroUa 4H705 uffik hoiitli Auetralia* ... 2,800 2 SCO Tasmania- 12.C00 !2^oo Commonwealth 708,846 6817*5 Kev.--Ztaland 102,578 10M45 ■Total ~'..'...,. ■'Him rolco - " •Apprbxlniato. WRIGHT, STEPHENSQN AND CO., LTD. The eight annual meeting of Wright Stephenson and Co., Ltd., was held oil Thursday, May 21, at tho Company's registered.office, Dunedin. and was well attended by shareholders. The net profit for tho year •ended March 31 lart, was £30,292 10s, 2(1. which, together with the amount brought forward from last year, mada tho balance at the credit of profit and loss account £50,902 16s. sd. Out of this amount it was decided to plnce £7500 to the reserve, bringin!,- it up to £40.000. and, after making afixed"payment of 5J per cent on tho preference shares, to declare a dividend of 7 per cent, for the year on the ordinary fllviKf', leaving a balance of £22.939 12s. 5d to ba.carried.forward..' Mcesrs.-W. D, Hunt and 'U. Allan, the rctiriug director?, were re-tlfetod; and. Messrs.- liarr, L«iry, end "0.-were re-elected auditors for tho cnsuin" year." , •■ . . .

SKIN REPORT. JlM3r3. Daigely and Co. d'olmerston branch): At-onr monthly ?ale loet week \vo offered n. fair catalogue,to ft- good <ittendance of buyers. Competition was keen, nnd nil Ilnea were cleared at the following prices :- Wool—Oroashrod, Tough ail dinferior, B}d. to 83d.; lambs', 7}d. to 81(1.; dead. 7!d. to Bd.; pieces, 6d. to 6}d.; lock 3 and pieces. 5Jd. to 5Jd.; locks, sd. to 51d.; pieces and hollies, 63d. to 7Jd.; hlnck wool, eoedy, 5-Jd. Sliecp3kine.—Pull wool, coarse, 73d. to BJd.; half wool, Bd. to B}d.; (ir.erier wool 61(1. to 7Jd. ; pclfe, 43d. to 6><l.: lambs, woolly. BJd.; short and shorn, 6Jd. to 7Jd-; dead, 7d. to 71d.j inferior nnd damaged, 5Jd. to Id.; pelts, torn ami inferior. 4rt. to 5d.; (lend hoggets, 7d. to- 7jd. Rntchera' sheepskins.—Snltod aild partly dry, at each: Host heawv lines, 6s. to fe. 5d.: medium to Rood, fe. 4d., 5«. 6d., ss. 7d. to ss. «d.; light, 4s. to 4s. lid.: lambs. 2s. 3d to 3s. 3d. Hides.—Ox, medium weights,'B}d to 83(1.; light. 8)d. : cows', best'li.nc«. 8 J-Bd.' to SJ'd.j Eoori. 81-Bd. to B}d.; inferior nnd ro'nsh, 73d. to Bd.: cut and slippy, 7d. to 7irt.: yearlings. BJd. to S3d.; out and slipny, 6d. to HA. Iforfchides. fe. 6d. to 1C& Calfskin?. -Sound lines, Hid. to Jl7-Sd.; cut and slippy. 6d. to Ed. Sllndrles.-Te.llow, in tins, 235. 9d.; casks. 25=. 6d.

I PEIIiDING MARKET HEPORT. I Stessrs. A. H. Atkinson nnd Co., Ltd., of , Fcildins, report on their Friday's sale ai follows:—For the- piivebred poultry sale ovsi--50 hircls were penned, many of which were wild hy ancMoii, wnue uin"'*; were uisuuvi of privately afterwards. Very few poultry other than purebred birds were penned, and not many pigs were yarded. A quantity of fruit and produce was disposed of, including a, locally-grown pumpkin weighin? 851b. Quotations:—tiii-ibrd muit-y, White Leghorn roosters. 35., 3?. 6d., 4«., fc., 7s. 6d.; vVhito Lcchorn pullets. 9=.; .Silver Wyandotte roosters, 55.; Partridge Wyandotto rooster, 3s. 6d.; hens, is. 6d.; allot each. Pen of Indian Eunner ducks, nnd one drake. 21s. 6d. Other poultry:— Cockerel!?, 3s. 9d.; roosters. 45.: ducks, 45.; drakes, <s ; nil at per pair. Pigs: \Veaners, 7s. 3d., 7«. 6d., Bs., Bs. 3d.; slips, 11s. 6d., 12j. 6d.; stores, Us. 6d., 155., 18s., 20s. Fruit and produce: Apples, per case, i?., 2s. 9d., 35., 3s. 3d., 3s. 6d., 45.; pears, 3s. 3d.; pumpkin'!. 3s. to 4s. e<i"h, - m v, ./. to Ss: per Kick; potatoes, is. 6d.. 75., 7ft 6d.. Bs., 96., 9s. 6d. per Eack: onions,'ld. per 1b..-bag and Eock lots; man-owe, 6d., 9d.. <vnd Is ench; bran, ss. 6d., 65.; pollard, 12s. 6d. per Back. Customs duties colec&d at the port ot Wellington on Saturday amounted to £993 9s. oi. The amount collected for the .week ending May 23, was £17,363 14s. <d. OAJtAKU MARKETS. (Bγ Telejriph.—Press Association.) - Oamaru, May 23. The wet weather has interrupted business In the grain markets, and sales have been on it. moderate scale. The market for wheat continue? firm. Velvet is a shade better in value and commands <■>. net. Hed chaff is quoted at'from 3s. 9Jd. to 3s. lCd.; Red • luscan, as. 9.(a.; solid straw Tuscan- and Marshall s White. ss. Bd. to Zα. BJd. The oats market i 3 quiet,- and slightly easier. -\ grade Gartone sell at from Is. Bd. to Is i'hl., and B .grade from Is. 7(1. to Is. 7<d! Algerians at te. Bd,; all net. Barley is diffl■rait to sell, but malting barley hae been disposed of at 2s. net. There are numbers of sslleiH but few buyers of potatoes, α-iiil the market is very unsatisfactory. Gamo.hoppers arc in most request, and sell at 70s. net.-To-daye general quotations for pota,toes/are:from 603. to 70s. net at country

."" . NEW SOUTH WALES LOAN. By Teleei-aph-Prese Ateociation-Coprrisht m , ■ ■■'~"' London, J!dy 22 .The .underwriters receive 80 per-cent '■ foaii '• — S ° l!th Walcs ""«*■ "■ FROZEN MEAT. \ (Bee. May 24, 5.5 p.m.) ■ *' ' London, May 23 ' n u£l??J aled ? bclcly "' Kezi Importers Sralthllold market onoUtlons for th. jndern--.ntioued clasps of froz»n meat art based on actual mice of not Icm than one hundred cnrcm««s of mutton or lamb or twenty-live Queirtore of beef of fair averew" quality.:.-.''Jho ouotations are not for Selected- lines, but for parcels fairly reprcsenttitiTo of bulk of tho. shiDtaentij now on tho market. The prices which follow mo on the average-a farthini per |b. more than tho TaJuos ex ehip this difference representing the »veruj>e coil ij expense, handling, conveyance, and. sell In a „ , . May 16. May 23. Mutton- d. d. ■Canterbury, light 4J 43 Canterbury, medium ... 4J 43.15 Canterbury, heavy 33 , J3 ■: - Southland ~ ■■* . - . ;". / North: Island, best • ■ North Island, ordinary , ... 33 33 Australian, light 3 9-16 31 ' Australian, heavy ; 37-16 3S Kiver Plate, light • * ltiyer Plate, heavy 3 5-16 3 5-16 . New Zealand ewes 3 5-16 3 5-16 Australian cwee „; 3 3-8 3J JliVer Plate vwee 33-5 33-8 tamb— ■ ■ . Canterbury, light 6} G5-1S Canterbury, medium 6J 6 3-16 Canterbury, heavy 5-1-16 61-16 Southland 513-16 6 . North Island, selected ... 513-16 i\ ■ North Island, ordinary... 511-16 515-16 Australian, beet 55 53 Australian, fair 5j • 55 '• Australian, inferior ... 5 3-8 51 1 River Plate, first 57-16 5! ltiver Plato, second ...;.. * 5 i-o New Zealand, 01 fores... 3 7-16 3 7-16 ■• ;New Zealand, o.t hinds ... 4} 45 ,'..•. Australian, 01 fores 33-8 38 .'• AiwWaliaii, qi hinds 4» 41 River Plate, ox fore 3 3i 31 '■River Plate, 01 hinds 43 4 •■■ River Plate, chilled Tores 39 35 •Elver Plate, rhilled hinds 5i 5} .- i *None offering. .; EApBITS. is nothing doing in the rabbit marJUTE. - T , . London, May 22nwf"' m U ?f fim marks ' Ma-M-June shipment, £33 15s. per ton. ■ : ■