COMMERCIAL ITEMS

Dominion, Volume 7, Issue 2169, 6 June 1914, Page 8

COMMERCIAL ITEMS

INVESTMENT SHARER A sale of National Insurance at 535. was the only tranaetion recorded in investment shares yesterday. Tho Quotations were ae under :— Bujfore. Eellore. £ s. d. £ s. d. Bank N.Z. (£6 13s. Id.) 17 3 0 - Bank N.Z. (£3 fe. 6d. ... — 11 6 0 National Bonk 515 6 — Atct. Permanent — 12 0 0 Wellington Investment ... 0 11 ,1 — Ghristchurch'. Gas 7 5 0 — Wellington Gae (.£10) 16 7 0 — Wellington Gos (pro.) ... 1 0 0 — Ktanda-rd Inauraneo 115 0 — Gear Meat (£lj 3 15 3 4 0 0 N.Z. Skipping (ord.) — 1515 0 Wellington Woollen (ord) — 4 12 0 Well. Woollen Iprci.) ... 3 2 6 Taupiri Coal _.. 110 — ■ Westport Coal 1 10 0 — C. M. Banks, Ltd 12 9 1 J 6 Manning ana Co — 4 I o W.F.C.A. (£1) - . 16 0 BUTTER IN COOL STORES. The quantity of butter in cool stores at the end of May.shows a very slight reduction, which may or may not bo duo to consumption. It is well known that there is no export demand. The followinff figures arc interesting:— • Boxes. Boxe«. 1914. 1913. March 31 65.333 44,623 ■ April 15 72,211 54,870 April 30 ;.... 88.C62 64,254 May 15 90,274 69.814 ifay 31 89,895 66,390 During the fortnight there was a reduction of only 379 boxes, while last year the shrinkage totalled 3424 boxes. On the statistical baeis butter ought to bo much cheaper than it is now to the consumer, but for some reason or other the price is being maintained. CUSTOMS REVENUE. The Customs revenue collected at the. port of Wellington during each of the first live months of tho year, ae compared with tr.e figures for the corresponding periode of last year, enow as under:— 1914. 1913. £ «. d. £ a d January 94,501 10 5 96,827 2 4~ February 73,519 8 6 81,918 16 5 March 80,859 15 0 76 997 2 2 April 69,489 9 2 68 444 17 9 •May 69,489 9 2 67,384 9 11 379,938 14 10 391,572 8 7 There is a substantial decline, which, if it indicates a, curtailment of imports, is rather satisfactory than otherwise, as imports have tended to excess for tome years Customs duty collected nt the port of Wellington yesterday amounted to £3939 IBs, 7d.. BANK OF NEW SOUTH WALES. The 1 balance-sheet of the Bank of New South Wales for the half-year cmlcd March 31, submitted to the meeting of shareholders in Sydney on May 26, appears this morning in our business columns. According to the epeecb of tho chairtnon nt the meeting, the circulation has bccii reduced during the year by nbout £22,CC0, this boine duo to the retirement of some £16,000 of .tho old-Australian isnue, and ft. slight casual contraction of the New Zealand. ifsue. The deposits show 'the large increase of £3;i85,0C0, which i< v<?rv evenly spread over the whole Australasian business. Tho com bullion and cosh bolencos,' nearly the whole ' of p which '■ aro WMtf , itioTr on iactewe o! nearly £2,000,00.0,

TiV; J? 0 ?? 5 " <*t fiiort cnll in Lomlon is £235,000-hiffhef iiisU; at Mcrdi, 1913, this being caused ijy the ißns-e rapid jpat-urUr uf the season's wool lull.*, 'i'ha eßSwiito! of the inutocdisrtcly 'liquid- fleeftts ■ jfi XZ4.215.CC0. aji fei-iwsci of £2,*M.«a in tho year. Tho figures lor bill, diaMronlwr, loons, and; aihttnoe, winch practically represent the Sending ijwinees io amtraleeia. st«ad «l M-2M6, & dcoMas* of a little over .£SSO,CCO tW the v«or The position all rMmsl is highly sulisfeotery.

GEItIUN OIL MOSOPOIiY. Tho United States Governnjthiit is 'taming t» induce t-S.c <jfovm«n linjerial Government- to compensate Uu> Standard Oil Company fojr tlie lose causal through- the German GovcrnsiEi-it leaking t.Ufe b-ellini: of oil a St*ta moitps&ly. Tlio Beriin cotrespondent or »&e "IWwoiel 'ftmes" writes that it is ji-rabaWe that the Gefntt-n Qoverninent intends to rooi.pS.UEnte the dwpossessed 0.1.1. dealers, bat <i djffepMu'e 61 o y l "' o V" 1, j er j w .t s ' t<, haw f« J ' the,«Je.ua of the StandfJiJ Oil Company to cemaeftaation. extends.. Tlie Monopoly Bfti provide* for the comjj&nsatkm 0! wjiolcsajfe. aii dealers who «r«i obji»ed ta wi.iid n.p.fteif' businesses in coaiSCqueoce «f the inohppo.lsr as far as ihcix busittfeses, plafli,' <s{e., )3? within the berniftu tustoais UmUers. Tb« Standard Oil Cempaiiy he-s. fcowes'eT eh oiiorinous. rctaii busineie in Oermany, cfld possesses, large pl-oraw fiacHtties si liremen m the fr.«e hairtioflf, rt.ttd .tScMfst* flofc \?ithin.thc. frontiers. Contte»:t>' tion is. further, only,to-!).« paid for ijm'li ings .and. plant ehich i>xtes<>& prior' to March, 1912. . Asi4 tiro fiDfliiiany in , ' thet month .begn-n-the, .ei-e.et,ion,9f stowee pU&tf in Hamburtj.. *i'B« Ami-ratep. Xot« is- d6nht-lecs.'intended■-to call the el.teatien.Q? the German Go-fcerrtnrcnt ta tlicti interest. , ! m the Standard .Oil for tfhici the Bill holds-out no prospect afcfttnnoos-a-ti-on.. ' • ■-.-.-■•■;

I ' MARK6TB. IBt relejfjwh.-lVisii*. AsMisJiitioia.S ■ .' ■ .ehrlst.Cniirß.il, June 5., The Brain jftArkiSt is very (jiiiet it the' present time, • Th-eW ia p» wheel- clianjtirie, hands, and,, is?. vi«# of the laTge ftuaatitics of Australian IVoitr tlj4t ie bfrte? landed in the Dominion-, {ho demand JOT , ' #{reat has quietened dowa. Most, -df the -''.'A" grade outs fipw oppco.r to have chanted , hamis. and there is BMle Busiii«a dolne in this ijcr*U. A falrlj- laig* will be shipped to W«4 6{ England perls by the Durham end Kiß:Ut4lifi., and- there may be email po,recln sent to London. Bfiiv Icy Iβ practice;!)? utan3&tble, ;A line of very prime eced baf-ky chengea hones at ss. 6d., but goad mSlttns wßLples a-re song begping «t 2s. fid. The potato market hoe weakened further in conf«!;ijence of the trade being ov-erdofis far the- time being Hales are noli diffteuit to effect it & 10s, 3d., and £2 iSs. ftt CanttT.bufy stations. LdSFDOS MARKETS, ' i Messrs. Dalffety aid Co., t.td.. Wdjinfeton, have received the tolloivrnfi ua-hled ■ information from their Loridon office:— Frozen Meat.—Beef: fh® tn*rhet is flirin ' nnd demand I.i.m.it«(l ; ! Prime 01 fores • 31a., hinds %$. thv detnind runs principally on ifelit wof|».W.t. TTic market is Htm. Cnirterbury heavy 6(1,., Kg-ht 6Sd-,; Sorth.lsland heavy 5Jd.. Hskl 6>tl, MtrttfiTt-; Beamisd If fqir and market firm, <JnotatlelHs-B(i.«t*r-bury heavy 33d,. li>ht m.; N«th I'slobd heavy 3Jd., light Wi}. Bradford Tops.-Q-qhtatioM at- irey Jα. Those in bwekste- tttp at April OTs^S's, fid. field.); 4d% isis, am.)-, m. tw (17d.1; 46's, ITid. {mi.): BO'-s, M3d. BiJJdV; 56's, 233 d (23W.)r5fs. 26J.d. (25Jd,S; V< (com.l, 30d. (29a,); i'e .Cstinet,!.'SHd. (2514 i< we, Jijdd. (3osd.)V raw jiitf ; tJiiiJ.

BANK OF ENGLAND EETCH-N. By Tel«Bra-Bli-*P?ess Ateocflvtioii—C&wrrfefct (Rec. Jiu\e 5, 9,50 p,m^) ■Lontfpii, Jun© 5. Tho Bank <A EnKlaitd.-retuin issued for the ■ week ■ ended Wtscfci'Jsdii-y, Juiio 3, is as undo?:--'.' USIB bBPAnTSKW .'. ' . S«l« litut i52.re3,000 SeT.fl.ebS 'i.. iU.Q15.000 ■ ' '-OMisrsscitfi--Uμ .„ ■„. 7,4.3(.06fl QM ~, ,„ usam . . £52.;65,£80 . £62-,mQ66 BIXKtSG DfePjIRTMTiSI, ■ . Prerrlotori , <Sovj; e^eu-rt* capital. £U,SSSM titfs,., .... i £H,a!7 1 0M - FuWidda- •■ CtherSSciM' • tioslts ...17.J17.003 ties tU&,OOa Other aa- ' : ponit! ... 42.35G.C00 iititi „. <&ffnjxa ■ Rest, 7-di.y md «thar tills 3,163(008 Opiu ... „. i,eH(OM ! • The leadine items at the B*nk of England return tffot-d tire foltewins cain.pati- . •oh:— ■ • !Th,iSTf««!c Lti.twMkiJMbM&r £ $ £ '. i BHllien ... ... 3il.ftt9.ft» 34.fei.090! BtfeS.CM ' Keacne ... !., i'S.wS.COi! 'J7,i11,000 ■ N«t«o!vcul«t(on. «M 25.!)'33,(1(50 iS.B<'<M)M rubiic Deposits ifjtfM jftbiS-oftt mMsdb Other Deposits <l,?»jC«( 3g,7*fiooo : Proportion ot reeervt t« liabilities ■ $.($ ©,5j $$1 ; ' GOVEKNMKNT , ' SECTJEIWES; - The following 6i-e tfie latest quotations j for Government setirritjcs A COTopcrison of tho6o ruling Uast wfeefe:—

EUEOPEiIS HOSEY JfABEEtt

The Bank of England «•«!, oa F«hriiory 8, 1912, rcd-UceS troia ♦ to 3j ma? cent., and on M«y 9 it tr«a f.urHi«r wduced to 3 per cent. On # it vyas WiSsed to 4 per cent., atid on October IT to 5 per cent. It was reduced to 4J Jtcr «i«, on April 17, 1913. Qn October 2, 'Mi,, it syas raised.to 5 per cent., on toiary ,?, 191$, it was reduced to 41 per cent,, oh Jaiiuftrv Z 2to 4 per cent., a.nd 00 Janueffy t5 to 3 per cent. Tho Bank of Fwince rate «a.i reduce*} from 3j to 3 per eoet. on Eebruery JJ. IMS, and continued at tn;c lauw.Beuro until September 12. 19U, (vhsft. it *r&s loJjcd to 5i per cent. On ■ May 17, 190, it wos r«duced to 3 per cent., on October 17 it ives raised to 3 iper cent., njid xm Oetolier JO to 4 per cent. On January 29-. IM4. th* rate nas reduced t*> M per cent. The Imperial B«r.k. et' Germon.y on October 24, 1912, e.dvai*cc<nte rWo of discount to 5 per cent., .1114 to 6 p« cettt on November 14. On Oototer S.?.' 1913. the rate 22. 1914, it was reduced-1.0 4J per cent and. ou February. 5 to A per- cent. MAEKET RATES Oβ DISCOUNT. The following ass tho ißftriot rates for beet three months' bUts!-" . , ' ' Lofttfott Paris Berlin. , Wte. tfi.fe, rat«, : per ■ per • par cent. teni «cßt. This week : ig SJ 3 Last week 213-16 2|. 3} ] Last year 313-Kj 33 y Short loans arc quoltod at-Sj pur e*i)t. Os against 2J per cent, last vreA afld 35 «er cent last year. COLONIAL AND OTHER .VP.ODtJCR Wheat.—The market is firm. Indian'shippers will hold for reUier niore money 'axid Australian is bems li*« for Sl)% previous prices. Two Austmlion. eetd at 375. Id., and 375. 3d; pci" miarter testifr.. lively. Auetralion on. spot k in sißail demand at 38s. ■' ' Flour lias e, slightly imprOTed d?man4, Australian patcnte, May shiD-mdnt 25a, 33 c.i.p. Oats ore quiet, vritb, few soies. "A" grade Gartons June shipment, Sis' 63 Bcans.-There is little (leniaßd, <intt prices ore unchanged. n"Mse Peas.—The market i« steady. First ou4llty New Zealand mcpl« « s : $a oi f Butter is quiet. Banish, lite ti" life There is little inquiry fe eatenisl &' tr w lla i n « h .°'«-«t "°inui«r.Hy afe. to l«te >; uu'. 114s V !senl ' wd 107s " "JJ-eilted Ohccse.-The market is broker. Sow' Zealand white 60s. id, to 6ts., cbloured {is to 64fi. oti. t&dT&VSSI..£ ing. Sixty.fours 31M.i saper sixties, 564.common sixt:e;, 29rt.; .Hfty-sixce, 24d.; fifties »t 16d y ' SIMS ' 17tl: fw£fe Jd • THE METAIT^tARKETS. Copper, on spot, 265. 3d. lower at £61 1&. 6d. per ton; three inoni.hG. Ms. loser at £6?, 10s.; electrolytic, £« Tin. on spot. £2 15s. lower, at ism Js. ttr ton; three months'. 60s. loweif'at £\H Pip.iron. -N%. J. lid. hiehcr, ot 51«. sd. ner tfiti s Cn n r fo(^,t^ ,cip "' Xw *«• P« ton, j Spelter, £21 ss, pci - tofl.

j V*rfi:H»n I I ■ Fries. «i» ■ ■ ' ';.. -. .tMVwwte.-., 25% Imp«ri»l Ctniftli 73 1? i> <g)j Idfei i . JD1.0 0 flglowor 41 ..NiS.VC.ieao-KUte.-Spl-ffllir"! ' iosjowor' 34 ..N.&W.-ltSO-OCi . .W tt.-fl • UnchsBlsia S ,.K.tf. W. 1935 AM.-OM . « u., o- & lWer 4 ., Vic. 1020 Jtn.-Jttly- lot) 0 0 iiis ldw*r ■ 34 ,,Vlc. 1W1-S Jnn.-JBty % 6 a ivchuuid 81 ,,Vio.-I929-« : »-0fl Oaclimeed 3 ,,Vicl9l9-«J«o.-Jw3y iO.O.a 80s lower' 3 ,,s.a. laiojsB.-JBJy -I. .Jit 0 a .sOsiowar 1 »Q , rdinu-au M WwiipI 1B6 0 0 issiiwM24 . QTdl9.>2-47Jaa,.,I«y » B U 40* lower 3 ,,tl'l'dJWi<7Jwl,J.u.t5> SO 0' 0 gft tesro.r 4 ,,N.Z.l!S9M»y.K»y. ' HUM 0 ttochiarta 34 ,,T»s. JKOJin.-JWy 10 u a tOs lotfor ' 3 „!'»«. HUO-lOJin.Jttiy t9 II 1 Ws lotrer i