COMMERCIAL ITEMS

Dominion, Volume 7, Issue 2184, 24 June 1914, Page 10

COMMERCIAL ITEMS

SHARE MARKEJT. / The' Wellington Stock Exchange was closed yesterday for holiday, and tile usual fiuotations arc therefore not. available. ' MEAT IN EUKOl'k. At one time there appeared to be bright of the introduction of colbniiiX frozen meat into Europe, and 1 a certain amount' of progress, was made. Supplies were introduced ,into Italy, but the greatest progress seemed to he .in Switzerland. Now comes ticw« that the Lower Houss ; of the Swife Legislature has recently increased the djityon frozen meat from 10 francs (9s. 6d.) to 25 francs (235. 3d.) oer 100 kilograms (roughly 2 cwt.), with the result that Australian meat, which had been finding a growing market in Switzerland, in now practically excluded by the imposition of a prohibitive tariff. The action of the Swiss Legislature is regarded as a wop to the Agrarian Party. No doubt the Commonwealth authorities will protest through the Home authorities against the levying of this duty, but, unless the protest is backed by trade reprisals, not much satisfaction will be obtaine-d. The ■retrograde action of Switzerland will most likely be followed by Italy (where frozen meat, finds a sale), ond it will also stiffen the attijurte of the other European countries. OCEANIC STEAM NAVIGATION. The report uf the Oceanic Steam Navigation Company, Ltd. (White Star Lino) fkUes that the accounts show a profit on the year ended December 31, 1913. of £1,082,227, to which must be added interest on investment and transfer fees amounting to £39,040, making a- total of £1,121,267. After deducting debenturo and general interest, director*' fees and income tax, and writing off £437;168 for depreciation of fleet, wharves, etc., there remains « balance of £517,654, which, with the amount of brought forward from last year, makes a totcil at credit of profit anil loss account of £578,169. Muring the year dividends . amounting to £487,500 . were paid, leaving ft balance of £90,669 to be carried , forward.. , The passenger business in the North. Atlantic fervice; resulted in an increase over the previous yoar both with regard to earnings and numbers carried, while freights, which unfortunately havb pince declined, proved quite remunerative throughout the year. The dutlobk for this year so far ae concerns emigration is distinctljv unfavorable, and a diminution in' income* is to be looked for. while increase in expenditure, owifig to ft iccenl advance in wagco. cool, and supplirs. in i addition to the heavy cost of repairs and upkfeepi'i* bound in future to ceriouslfr affect voyage reiultii • • -

. WELLIXGTOJr WB&SHI2CS COMPANY. : SHARE ISSBE : pV.K,Tt-SITBSCBTBEI3. . . * Ae :'tlie -result' 6f the. growth of :tlt« i®mpaiiy's busings, it «<w dee MecS $t the as-; mio.l meeting <tf't<h« WMfmrtw PvMMtfnv • Company Cfufi BOjfJ-Sro.S") feii'Mds tne' «*<T of last yta'r Ito issue'<l nyrtfon of tlae bolancc of' thf? coitipcny's nirissued share". The purposes in view were <<> • a'ovi.ic iwiditional acconiroGdatian necessitated' by the development of .the htrSrtees,' -Mid'- 'to. further extend ' tiifc 'ca-inpaiiy's• operations.: The shares Were offtted feewtiy to ■eissting shareholder lit t>M\ and the dema Tid wne such' thff/fc the fesoe -Tva's- oref-Slfe-scribed. A'ddi'tifnifl to flip r.ni ho pift in hand'and ether eitfissioiW of the business will foifow.

' ' TEADE IS Al/liESJ SfKEBT. •■ Fruit.— I The MawiisAP'ui, T due frr.ra Sriney to-day, is ahipm.cftts o-f inoitdArins,: piTt-f>o.pplc?. iemtjus'. an; 4 siori''fruit. ■ Tiic -mvitt. uh.ip.ipsni-- <jf ,C<iek Islands oranKci Qftd is. 'dtie- ei! Taluno -in k aViout' seven,. u<ifs? A .demand exists- Iter s'oio^rc^ applet, 'and *%teo i&r I«ferg« ert'ftcn- wkifrg apples. Keen inqyir.v' iij akd for crioicc dessert- pfcvr.s,' Tflies ftrfe ruling. Purthcr shipments o-f. South Aystraiian lemons fl.re due an' fi-Hay.. ; Vegetables.—Conslgiia.ei3.tt -of cMiiifldvfeJS are rec6raraendc4 e-s' are riiling: good -atc'dUo rccli'ewg satisfactory'priced' Ci»kty rl- pft-rsinpG "fi,T3 in. good demand, a'nd .in'ftKin'g -high'' •White turnipsT and pumpkins ere in rather heavy fXip^ly^ Onions.—Only fai-fvq-u«ilit?r is oraiK <ible, and the /cufr?nt, ; 'pt.ife b £6 t.<i M •lCs. per t6Q'. piekUng ftakbii? £5 to £b. ' " Potfltoes.—'s^«tb.ern' 3ii<ir'Kefc' hfls o:d----vanefidj5s. por *eii,<i v tii.c ex store: price, in Wiellin?ton '£4 15s. t-3 £5 p?r t&.n, Flour.—The sotftJlerfl per ton f;o."b. south/ wiMi t ; ettfa prfco .in Wellinston kt £11.. whoa 6 hni itiijulfy, nt 4s. ,6d-. to ? s. 7d. per• bTteto' jjotfff .ptiibe tri>:6T?. Toils' barley is dull of sale. 2? t W* per bushel.' C<ipe barlcv ve.ry.'Uttte iftQurr? at 3s. Id. per bushel. " . . Maize.—South iw, setoff. to 4?. -7cl. T)er .bnsH<?li /jt, 4f.' ?d, Bran.—Th? 'gdtvtitern yanccd ss. per ton,." the quotation te ficiw ,£4 5?-. "to £4 pbr Pollard is .in heivy .and is'TUUrig at-'£7 ss.'pec tejt-/ " Oatmeal ,haa veifv, Utile inquiry - at £\$ 10s. ner toil for lfi'AdMt? btAridis.' Rolled .bfian'd, in feaps, nnd m 41b. are at 10s. per.'dozen. • 'Chaff.—Pritne qufitltj* patejrt sli.e.af eh«ff has good inquiry a,t H. to £4^lsb* per ton. ex 6tore, sa.ckn in. Broken peas in goN dgtrtaftd pi? nnd poultrv -ss. •Set. t-6 3s. 6d. per bushel. .Shell grit has !?odd at £4 ss. to £4 10s. per ton. ■ Vresh egg? <xre Steady At 'Is* Sd, to l*. lOd. ner dozen; -'fite quoted Je. 4d. Butter .i.o in .P.iime millfed in bulk, 11d..'t(3 iljd. pf;r.. ]b.; .good ' lOd. Poultry.—Hens,; fe. sd« as. 6d»; Rr?fti.e heavy birds, .mfiktog 4s. \a> Is, 6d. cockerels; 3s. 6cL to fe.; runner duck?. 4«.* to £s.; &n& m Ayfesbufy, ,4s. fid. to 6s. YurkoS* goivbicr?: ]&. to 45, id. per lb. live. wefjhVr i.tetiis. liO'd. 1 fßy Telesrft.ph.-^ss .Tune 2& The wheat rc-main.?. un.<rh,^np.etl. there being liUle ofieri,n.gi find-iw .admnce is o.xpected vrhiist Au&fcr-iQ'iari ifloiir tinues to be irfepoftcd. reported ihWt a shipment of |cjek ; 5' arrived 'at Auckland., .The oats ip'arkety 6bo<frs -iSo itiiprovemeiit..-, T.be to ,L<>ii<ldn'' 'by f?tearaer 'has - be'eii itAMH td 'ten,, but the inorket; thw is \veake.r> a.itd even on t;ho louver frfiig'ht, can-not !.»c done <it a prefl't. The p(:>;Wto iriarket remains much the ram© ljst reported; thought it is f>aid that lower offers are being ; made from Auckland. At the sa-rne time a recent firming oS the market %$s raused growers ta be 'less desirous <sf sellin?, and offerings -aro thew/fori> ii<it very free. There are;, however,. very lari?e stocks of potatoes held in f.!o;r.e niii Rtocked at LyttcViorr, so that there ii no difficulty in flJJtn-jj orders that fcome t<3 hand. For delivery, next month* .£3 17*?, 6d. now betrig dff&ted at country statione.

FROZEN' MEAT JtAßKfif. . ] Messrs. Gilbert Aorierfoh e,M (to, <M>-:sr.». ; | Mellsop. Eliott and 00., Infill agents), writing on the frozen meat market under date London, 3tay li report i E foHqws-— Hoinc-grown: Hitrh. prices .continue i<s wiie all round, but bus-SiiteS. .has been of p, slw : character. Beef-Scotch, 6jd<-Siii).; Fr.fli-li, 6d.-6! ; d.; Irish, s;j.£i , I 'd. }{rrf.t.<jn—coWli, Bd.-?d.; English--, iid.*id.; Dfrfph.,. iSJ4.-:8.tI.;; ewefi, s*d.-6d. tc£s-°'&3<tt«li. Sd.-9Jtl.; English. 7}u.-6}d. I»simbs--Eag!;t.eji SM.-lfM.i Dutch, IO^I.-lld. Frozen: A- fsrrTi tone i^revoifs despite heavy 'supplies in -stwe.. Mutton is s.iie-w- 1 ing signs- of improvement. miid the- -IriEifeposition is paHi::u)a,rty 6tfo'iiiir, Jfottori— Best North -Isf<hid s.hesp iire'--iii good demand, tho supply- heirs' limited LightCWle mutton its bcinc faTrmraM? affected' by the dearness o£ hijajry ''I&fiilj's, Q>.hlir-. bury sheep. <aib, to sfilb.. A Sid.; 5.61b, to 641b.. 4 -1-Ed.: ®41b. to 721b,, 3 Best" Now Zealand s'fiwft,. 56t1l te Mlb.,' '4,<1.-; ordinary. 561b. t«- #Uh.i 3p.{ igfc. to 641b.,-3 5-1G?. tr> 3 3-'fld. Aii-straf-idii wettifr-?.. '401b.'to ffllb., 5 7-IS-".: ?i'cona (Ui-ility. .lilb.' to 551b., 3 <M6s.; £■«•<?.«, 361b. to 551b..'>5 3-ScJ. South Amerieflii sfreep, HSh. in '?.lb„ 3 9-165.; ewes. 3 3-Bd. Lfimb.'j: A&ded by favourable weather, -the cciiisti'.T&pfciim i.R very ■ pood, and t'nfcre v? a keen (le'jna'Hd forlatnbe close at hand.. All brkM? ere dco.rer; witlf -of a MrthiSr .increase. Canterbury up .to. 56'ib.,- 6}d.; 361b. to 421b.', 6 1-Bl; ...t-6 ■ SQlij;., fri.; . duality. Canterbury S. ?:6tl, - Eesii NortY Island. ZBV). .to "'Hb.. M.;. tfrdirtnrtf; s 7-Sd.. Southland, 5' 7-B.ci; Atfstraiten. 2£tn>.. t0.421b,, 5'5-Sd.; feir. u« tb fefi'O.r; ;,5 3 r 8d... South. Amerii>juV 2W». W 5 7-1.6?.; 361b» to 421}),,' 5 !-i'6s,.. 'Beef; Ohjlled—High 'prtajj ha-;V)j. ..fe'tn' made during the'week..'hiiofc. the fijifeM. ,js djstineM.v ' weak. Averagj; ■ J'. Sid.".;: hinds.; 5 1-£(L. ' 7.ea,Hnri; .'.Fore.?., 3, 7-i6s.:'..hinds. 4jiJ. .'A.uitr&lkri;, .f.^.qpov 3 3-Bd.; hinds. 45(1.' 'fttMith, An&Vitafi.iFTbtq"! 3JcJ.; hin^s,-4 J-S'd. ..'. FIRE IXS'BEASOE .COMPAMFK. By Ttlegrawh-Prwi Astoctet^HStawffiirH't; ("Times".piiid..Ss*|iK>s' "s#n" gc.rr.jees.). '• London, jii.nc "/Z. 1 Twenty-one .leaiilnit fire in.s:!ir4l!f«, efljeeii «how a profit of 11 per cent."'.The- ecirfnins of profits, is hecothinp more difiieuk; The tendency is tOf •f# 15ft ioftn;. wards- and-expenses tn iro •' . . SOUTH AFRICAN" LOAX. ' (R«fc. JuTi'e ■ 2S,""tiiSO p.hi.) ' London,..'!an*. MUnderwriting:., is -proec-cding rfl connection with a South' African four .'rnulion 4 per cent. loan,-\thfr; ,pi , ice' whicbis 9.?}. The 'lojj.ji is for i;e< demption , WHEAT. 'Otec. Jw'!?? & D.Sfi p.m.l ... . London, Jura.e ii Wheat, is dull \and tptrtr <>ii «ero)Uit #t rie'weak 'nWrfietf reports ifrcta, America; 365. 6d. Ie offered... .. . ..' SIL-TF.R. : London, June 22. Bar' silver is (j.uated at -264. '.pet otntse'e standard. ... - - - ■ , ■ BEET SI/GAP.. ■ ■" London, June 52. Herr F. 0; Likht-. -the ftcli-known sugat csnert of Majdeiuru, in-his mpniftly elr. eular', that the prodijfrtifrii of be4tin Europe mowis a- of 550,000 tons. Hn e->tiniates t-hO;t for the camnaren there will be •'» total deiereasc of t6,000 tons. • 1 QUEENSLAND'S'.WGttt .PROfiCCTIOif, - . Brtsbant, Jon.e 23 Queensland's w'«al produtrtipi-j tes't. yca.r totalled 152,165,1.1411)., an. • increase .of 17,305,8441b. on tlia pTeviott» yefir. •-