COMMERCIAL ITEMS

Dominion, Volume 7, Issue 2165, 2 June 1914, Page 8

COMMERCIAL ITEMS

IX Vi:STM KNT SU A ttICS. ft eale of Union Steam, ordinary shares, at 255. 7d. wnu the only transaction in investment shares recorded yesterday. The quotations were ao follow:— liiiyers. Sellers. Jl, s. d. . £s. d. National Bank 5 15 0 — Met. Permanent ~ 12 0 0 Well. Investment 0 11 1 — Well. Trust and Lsau ... 7 8 6 — Wellington Gas (£10) 16 7 0 — NatioiiaKlnsurance 2 12 3 — S. B. Insurance 4 10 0 — Msimku'd lnoiirance 1 14 6 — N.Z. Shipping (ord.) ... • — 15 17 b N.Z Shippinc; (pref.) 10 5 0 Well. Woollen (ord.) - 4 12 0 i Well. Woollen (pre/.j ... 3 2 0 — West-port Coal fold) 11l 3 — Wcstport Ccal (new) 1 10 3 1 Leyland-O'Brien 13 0 — C. M. Banks, Ltd 12 9 - Manning- and Co — 4 10 Ward and Co 5 0 0 — Yr.P.C.A. (£0 - 16 0 THE PRICE OP TIN. The quotation for tin his dropped tn £145 per ton, which shows a tremendous decline on recent values. At the beginning of tho year the price wae £167, and a year ago the quotation was £215, and the price his been as high as £223. The variations in the quotations this year are briefly, ai? under:—January 9, £167 per ton; January 23, £178 per ton; January 30, £181* pur ton; February 6, £166} per ton; February 20, £1803 per ton; February 27, £174 per ton; April 9, £1673 per ten; April 24, £159£ per ton; Hay 8, £15C£ per ton; May 22, £149 i per ton; May 30, £145 per ton" The highest price touched this year, according to the above Jtgurcs''was £186 55., so that the present quotation of £145 represents a fall of £41 5l«. per ton; while compared with last year there is a fall of £71 per ton. It ie difficult to see what hay occasioned this elump in values, unless it is that new sources of supply arc developing satisfactorily, or that more tin i 3 being obtained in Malaya. Users of tin must be delighted with the situation, and even in New Zealand tho decline wjll mean a big thing to the users of tin piatco.

HIGH COMMISSIONER'S CAULK Tho Department of Agriculture, Industries o.hd Commerce has received the following cablegram from the High Couimi&?2onef for Now Zealand, dated London, May cO. (Note—Quotations, unless otherwise specified. are average market- prices on spot.);— Mutton.—The market is steidy and prices are .well maintained. There Ins been more inclination to purchase mutton during tho past week. Canterbury, 4grl. per lb. for light weight; there is a better demand fo: heavy-weight at 32(1. per lb; North Island, 4 3-16 d. for light-weight. Lamb.—The market is very firiu. There is a better demand for heavy-weight on account of high prices of English mutton. Canterbury lamb, tweo, 63d. per lb; heavyweights, 6id.; other than Canterbury, 6Jd. per lb. Cor light-weight. Beef.—The market fa ciuiot with no alter, ation in price?. New Zt-olond hinds. 4Jd. per lb., fores. 3*d. Chilled becF in moderate supply: hinds, 5Jd., fores 3Jd. • Butter.—The market is steady. Danish, quiet, per cwt.. 113*. to 1155.: exceptionally choice. 1165.: New Zealand, firmer. 107?. to 108s.; exceptionally choice, 110?.; Australian, llCs. to lC4s.; Siberian, in moderate supply, 58?. to-1026.; Irish crenmcry, slow, 105s. to ICS*. Cheese— Market firm, with nn upward tendency. Canadian, stock almost exhausted, 6Ss. to 70?. per cwt-.: New Zealand, market firmer, with a fair demand, wliite 595. 6d. to 60s. 6d.: coloured, 635. to 645.; Australian, white. 575. to 59*3.; coloured, 60s. to 62h.; Fngii-sh eheddar, new make, 625. to 685.; Knslteh eheddar. leaf, new make, 68s. to 7?-.; Cheshire, new make, 60s. t-o 65e.

Jl'ornp.—Tho market is rather unsettled on account of the Mcxican position. Now, /•^ilniul—Good fair, pertcn. £26 10«.; foir. £23 105.: June to shipments, good fair. £?fi 15?.; fp ir. £23 15s. Pr I "on-are nominal. Manilla—Fair current. £26 lCs,: June to August shipments, £2j 15s. Prires ore nominal. The output from Manila for the v.v-k wop 29,0C0 hales. TTon?.—The market is steafly nnd holders ar«* firm. There i« no change in pWcos. Wheat — I The market is steady Cut .dcrafttul only moderate. Oafs.—The market is firmer and the demand is becoming better. Stock is beinjr rrHueed. "Reins.—The market ha? advanced. T'eofl.—The nmrket is firm. Cocksfoot.—The market is quiet. FROZEN MEAT. By Telecraph—Pre«b Association- -Copyrieht London, May 31. The Incorporated Society of Meat Importers' Siaithficld market quotations for the undermentioned classes of frozen meat are based on actual sales of not Ices than one hundred carcasses of mutton or lamb, or twenty-five quarters of beef of fair average quality. The quotationo* arc not for seta'tcd lilies, but for parcel* fairly representative of the bulk of the shipments now on the market. The prices which follow are on the average a farthing per lb. more than the values cx ship, this difference representing the average cost in expense, haudling, conveyance, and selling the meat:—' May 23. May 30 Mutton— Canterbury, light. 4$ 4' Canterbury, medium 4 216 43-16 Canterbury, heavy 4J 3g Southland • ~ North Island, best * 41-16 North Island, ordinary ... ."V? 3} Australian, light 3,'j Australian, heavy 3ii <311-16 U»v»*i- Plate, light * * Hirer Plate, heavy 3 5-16 3$ ' Now Zealand owes 3 5-16 3 7-16 Australian ewes 3! 3$ Kiver Plate, cwee 3j( 3i LambCanterbury. light 6 5-16 6 5-16 , Canterbury, medium 3 3-16 6 3-16 ' Canterbury, heavy 61-16 6! • Southland 6 61-16 North Island, selected ... 6J 6 3-16 North Island, ordinary ... 515-16 6 Australian, host 5,1 Australian, fair 5* 511-16 Australian, inferior 51 53 Jliver Plate, first 5,1 sjj IMvor Plate, sccoud SA-. 5j Beef— New Zealand, ox fores... 3 7-16 3 7-15 New Zealand, ox fores ... 4J <j.\ Australian, ox fore* 53 3» Australian, ox hinds .... 41 415-16 I'ivcr Plate, ox fores 3.1 Itiver Plate, or hind- w w Uiver Plate, chilled fnr?»s 3 1 . 37 I'iver Plate, chilled hinds 5V 51 c N T one offering. .UATiUITS. j The market is dull and prices arc ur»- i changed. 1 fI'IIKAT AND FLCHIK. London, May 31. Wheal h elefldv. Market quiet. A cargo of Australian sold at. 37«. I.UI. Holders u.-k 37«. sd. for shipments off coast. The wheat and flour allont. for the UniU'd Kingdom totals 3.030.CD0 nunrtrrs; for the Continent. 2,460.000; Atlantic 5CO.OOO: Pacific, nil. The total shipments to Kurope during the week amounted to 1.350.CC0 quarters, including Australasian 107.0C0. Custom 1 - duty collected of the port of Wellington yceiertlny amounted to £2522 Is. 54.