COMMERCIAL ITEMS

Dominion, Volume 7, Issue 2168, 5 June 1914, Page 10

COMMERCIAL ITEMS

' INVESTMENT SHAKES In. the investment market yestcrdav there were sales of National Bank at £5 166. 6d.; Wellington Gas (£10) at £16 7«. 6d.; end. Christchurch Meat at £16 14s. Tho quotations were' as follow:— Buyerß. Sellers. „,. , „ , £s. d. £s. d. National Bank 5 15 0 — Equitable Building 9 5 0 9 10 0 .Met. Permanent — 12 0 0 Wellington Investment .. 0 11 2 — I Christchureh Gas 7 5 0 — . Wellington Gas (£10) 16 7 0 — Standard Insurance 1 15 -0 — . N.Z. Shipping (ord.fc — 15 15 0 ' llosgiel Woollen 313 6 — 1 Wellington Woollen (ord). - U2 0 , Well, vv'oolleii (prcf.) ... 3 2 6 — Taupiri Coal 110 — Westpout Coal (new) 1 10 3 1 10 6 ■ Manning and Co —. 4 10 , Ward and Oo 5 0 0 — W.F.C.A. (£1) _ 1 6 0 AUSTRALASIAN BANK RETURNS. The Melbourne "Argus," in its analysis of die quarterly average bank returns 01 the Australian and Now Zealand banks on March 3! last, states that the total deposits now stand at £180.733,193. A comparison of the figures of each State with those for the corresponding quarter of last year show as under:— Mar., 1913. Mar., 1914. to , r ,i a ', 45.671,233 48.908.499 £•*>■ V« £6,766,188 59.863.813 Queensland 20,521,678 22,871.950 ?,-, Australia 11,500,904 11,577.777 . ■«. Australia .: 6,334,852 6,419,506 insomnia 1 4,251,346 4,385,129 Commonwealth '. 146,046.201 154,031,674 Jiew Zealand 25,908,180 26,701,519 171,954,381 180,733,193 On the. year there is an increase of £8,778,SU, which 13 by no means unsatisfactory, or the total increase the Commonwealth f??"l™Ja 0r f 7 - 985^73 . <™<1 A'"* Zealand for £793,339. A great part of the increase has been in deposits not bearing interest, which (for the whole ofjAustralia and New Zealand) are larger than those of a year ago by £5,623,822. Deposits bearing interest- are also larger by £3,154,990. Deposits bearing interest for the March quarter amount to £98,357,588, as against £95,202,398 mi. » ? larch Quarter of 1913. the following is a comparison of the advances which include Government securiMnr.,1913. Mar., 1914. „. , . £ ■ £ v 8 w"i •" 37.052.C64 355,606,783 n,t - J V i I,K i ■ 15.313,167 45,546.634 §y,?«? 8l » nn S !••; •■"• 17.C04.910 16603525 South Australia, 8,278,977 0,248.405 W. Australia 8,550,004 8,205,172 Tasmania 3,328.045 &%$£ Commonwealth ; 119,437,167 117,571.278" I>.ew Zealand 2.5,094,954 25,417.630 ' To,al 144,532.121 142,988,908 »n e «- l\ a d<: « ra « for Die year of .£1,543.in CScw, Zealand. .

FALLING FREIGHTS. There is said to be a slump in tlio freight market, and shipowners, and e«nemauy owners of tramp etearaers are feeliiiK j£, p n nub / Rc =« n «'y 'he Baltic and White Sea Conference -submitted a proposal to „)f.i Nt !; rnatlo " al Shipping Federation, in \hl?} i '£ w - as . syeeestod that machinery should be introduced for the purpose of tonnage on a voluntary basis. It was contended that,the supply of tonnage should be regltlated to'meet the varying demand made on it bv the rt V 7C l *£* tr ? de ' flnd U wa « P°™t"d f«. ;„ i ho ™ lume °f tonnage avallble n»rl„,i mploy 7 ? l a BiVcn moment or &<T n t Sm l° t Z U mtcnts and P ur P«*s constant, while the movement of trade was by nature fluctuating. The proposal o iSS- J thp fC nH„ CC - IS . ln l r h ? dir <*tion of extending the principal of insurance, or rather mutual insurance to cover the risk of the .Unprofitable employment of ships bv an th?^ 10 "? 1 J 01 ""? for 1-yhß-up to meet iS«A £° d deraand - i " other words to fhange the nature of one of the elements '\°, m V°? st:u,t t0 a variable <Mcmems ..air. H. J Noble, who introduced tlio scheme, continued: "On the boeis of the I have prepared, and to wl, ch Lf hnll ( ref er later, the cost would prob" '»»1 ««d Is. per cent, per annum. h A n bc , n -° m isundcr s tanding as To tio"n of IS T i£ ' FaiJin ? tn * odop* JISiL? s ° me . such Proposal, the only alternative is to. sceK relief by fighting the various unions. To embark upon such a flgnt ia to court failure in most casw I ask you, do you wish in times of Stress to make your first attack on Is it not more in accord with tlio fitness of tilings tnat wc should w tJi the men who do our Work, and on whom so much depends, to increase earnings rathe? Mian seek relief by grinding down their wages? I go* further, and I say we not afford to make the ecafarine nrof™ sion less attractive than it is" 5.1 to how ried o°„ n t'uT/ 0 ' layi " B "P can becSrl rieci out I do not propose to go into vcrv close detail, but I and my friend, m?t forward the following suggestions forvor consideration. Whether you have the power in law to make the. necessary lev e, Ira" not say, but my opinion is that you have • in any cose should you consider it-in *\m icW 3tS of , Sliippi ' 1 " toTdopt Vch a scheme, and would have no difficultv i" getting these powers. The International ;,„„„ i, say ' I d -- P er eross register ton upon all vessels. covered bv it to form Tmm^Z^Tj o This would vie™ 18/31,677 tons at Id. per ton, over JE7S.CM. R

ARGENTINE SHIPMENTS.' The Department of Agriculture, Industries, and Commerce has received the fedlowing cablegram from Buenos Ayrc dated June 2:-"Thc following shipment,! of produce were dispatched from tl™ Ar" fr? tln ?o,}°, the Un i tc(l Kingdom during May.. 191.4 (compared with May, 1913)Y-* r,' . . 1914 1913. SB ">eef quarters 91.0C0 lfis.coo Chilled beef , iiim m 's frozen mutton, carcasses... 96.C00 161 COO frozen lamb, carcasses 52.CC0 6l'«10 Butter ' cwt - IV-65 Customs duty collected at the Port of Wellington yesterday amounted to £5754 os. LONDON MARKETS. *J, h n 0 . Ne A T Zmland ''nan and Mercantile tT« f'Ju C< ! m I ,ai "'.- 1 Limited, have received the following cablegram from their London house, under date May 3:-Wh™t-We nave, sold an Australian cargo at 37« ]Sd c.i.f. There is very little domnmb' and the market is likely to decline. OatV-Wo quotei-Gartoiu. 215.; Sparrowbills. 20s. 6d prcleiT !S ,l ° l lil!cly t0 improvc °t PORT OP LONDON MEAT RETURNS. By Telenraph-Press Association-Copyright '~ . London, June 3. «t,h "dT 1 , r T Cpor , t of tho Hoaltli Officer of the.Port of London shows, that 8,339114 carcasses of mutton and lamb were imported into London in 1913. of which £2,381357 were from Australia and 5,C92,054 from \cw Zealaud. the balance- beins from South America. Imports from the latter ha™ fallen by nearly half a million carcasses The Australasian figures are a record SILVER. . t, ~ . London, June 3 sfiirtL " f,uotcd ot Zs3d - pcl ' ouuco .TURPENTINE AND LINSEED OIL Linseed oil, £25 Is. 3d.; turpentine,' 325. AUSTRALIAN PRODUCE MARKETS. (Rec. Juno 4, 9.20 p.m.) Wheat, 3s. lOjd.. ,35...1 id. 'feaT/i* 7s 6.1. Oali- .Algeria,, fcodhic. 2s. 4, u 6d.; milling. 2e. 7d.. 2s. 9d. Ilarlcv Fnirisli. 2s. 6d. Maize. 3s. »,). ]„.*„ '7adZ. lard, £5 Potatoes. Tas.nanian, £6 Onions. Victorian. £7 10s. Duller, selected 108s.; OTCondnric*. 905., 9fe Cheese 9? 1 Bucon, 9d. ' - Adelaide, June i \ Wheat, 3s. ltd.. 3s. Hid. Klour £9 £9 lfc. lira... Is. I'd. Pollard. Is 2!d I HIDES. „„ ~, , , Melbourne, June 4. 111? hides market? report, moderate catalogues and good competition. Sloppy lots are easier; others arc unchanged