COMMERCIAL ITEMS
; , Vy'INVESTMENT SHARES, j ■ TheTe -Vera no' transactions in investment shares, yesterday; The quotations were as follow.. Buyers. Seller?. ■•Ui £ s. d. £ 8. d. Bank.of N.Z. .:($3 6e. Bd.V.. 10 16 6 - Bank of N.Z..(£6 13s. 4d.) r* 17 5 0 National Bank 516 o N.Z. Doan &'.Mercantile 91 0 0 - Well. Investment- ...... 0 11 2 . Wellington, Gas (£10) ...... U .7 6 - National Insurance 2 15 i £• w ? Meat';Eiport, (£4) : 5 0 0 - Union Steam (pref.) ....... 1 0 6. Well. Woollen-(ord.) - ■J}9 ? WestpoH • Coal — • 1® ? Leyland O'Brien '....: — ; 3 2 C. H.' Banks, Ltd. ............. - 130 'AUSTRALIAN FROZEN MKAT. An a contributor to tho meat Tequire.menta of London,' Australia is Eradually assuming a position of importance. The firy* nres whicn are given in a recent cablo mosage puhlished indicate that during the VM..T 1913 the Commonwealth shipped to the destination mentioned 2,381.357 carcasses of mutton arid iamb out of a total of 8,399,114 catcasses imported. The aggregate for Australia was tho highest on record. New Zealand cent durine the twelve months 5,092,054 carcasseo, which also was ft'record in the meat export trade of the Dominion, whilst from South America the eeipte at tho port of London represented 665,7C3 bodies, or nearly 500.000' few'er in number than the total for 1912. A comparison of imports of mutton and lamb into the United Kingdom, which wore discharged I at London, is subjoined:—
1911. 1912. 1913. Crs. Crs. Cre. Australia 3.350,572 1,545,917 2,381,357 Ne<? Zealand... 4,513,457 4,039,401 5,092,045 '8. America ... 1,126,303 1,305,419 1X5,712
Totals, 7,970,332 ' 7,690,737 8,339,114 From the Ictcst statistics it would appear that deapito the consistently upward movement in the cost of living, the citizens of London have not as yet, toot ted to aiy material curtailment of theiv, meat consumption as a means wherebj to maintain the equilibrium of the domestic ledger, Tho receipts of mutton and lamb at ail United Kingdom -ports moreover rose from 12,009,165 cartasses in, 1912 to 12,936,165 l«ist vear—a. movement which indicates in a convincing matter the increased puichasiwr power of the masses due to the activity of British trade.
SOUTH AFRICA'S TRADE. Official statistics show that durinc the first quarter of the current year the trade of the Union of South Africa underwent, when compared with that for the corresponding portion of 1913, a. shrinkage t of The imports of merchandise amounted in value to £8,948,9'',0, as against £9.174.198. representing a decrease of £223.285; whilst, the exports figured at £15,561,592, or a decrease of £1,873,819. Recent Industrial complications and their inwwdiatfl
consequences were responsible, doubtless, for considerable dislocation of business. The influence indicated is reflected in the figures relating to tho export of diamonds, which fellfroni £3,216,295 to £2.704.565. and in the shipmeute of gold, which declined from £9,380,269 to £8,268,506, other allied industries- also, having been adversely affected. The Union crop of maize was a- heavy one, which accounts for aii export of 27,666,2161b., valued at £59,137, n<? compared with only 1,452,4271b., worth £5852, in tho January-March' terra of last year. There were likewiso heavier oversea shipments of oat?,' the figures for that cereal being 1,563,9101b., valued at £3784, as against 614,3571b., worth £1756. Total exports of grain meal of all kinds aro given, 'as 3i,649.3131b., of e value of £73,110, those aggregates comparing with 6,634,3311b.,. and £26,749. A decrease in exports of wool is disclosed in the return, shipments for tho opening quarter of 1914 representing 61,565.7631b.; worth £1,916,232, as against 68,036,252 lb., valued at £2.881,567 for the corresponding period of 1513. FLOUR FOR THE EAST. According to the Melbourne "Age," in addition to steadily increasing costs or manufacture, tho Victorian flour miiler is now faced with «n advance- in rates of freight which threatens to cripple his trade with the East. Two of the lines of stcamersruniiing on that itinerary have i£6ucd » fresh schedule of charges, to take effect from June 15, and another company notifies that rates will be Taised as from July 1, but no specific details are yet available. At present the freight.on flour from Melbourne to Hong-Kong and Manila is 17s. 6d. per ton of 2CCOIb., and the advance notified is 25.'6 d.. making tho rate .20s. The chief competitor in the Philippines is America, whoee tradere have an advanother countries, end whose flour is carried for 12s. 6d. jer short ton. To Shanghai the freirht on flour from Melbourne is 245. per 2CCOIb., as compared with 20s. from Sydney, the latter representing a recent increase of 2s. 6d. per, ton. The lower freieht on ftour from Sydney is due to a subsidy paidby. the New South Wales and Queensland Governments to the E. and A. line of eteamers, which gives millers in the States mentioned an advantage of 4s. Ncr ton over thejr Victorian competitors. In 1913 Victoria, exported 10.4C0 ton's of flour to tho Dutch East Indies. 1646 tone to IJon»-Kong, 3310 tone to the Philippines, and 7632 tons to the' Straitp Settlements, c-r 52.988 tons out' of a total of 84,951 tone. Thus the trade with the East,.which is now jeopardised l<v an increase in. 'rei?hts, represents over 25 per cent, of Victorian floiir shipments, end a. displacement of 'labour to the' fame ctent will necessarily ensue in the flour milling, industry. Customs duty collected at the Port of Wellington yesterday amounted to £3401 9e. 2d. ; ■ DEVONPORT STEAM. FEBItY CO. (By Telegraph.—Press Association.) Auckland, June 29. The annual report of liK Devonport Steam Ferry Company stafi) that the •:year's profits amounted to £6014. which, with £7800 brought forward, made a total of £13,814 available for distribution. The directors recommend ji dividend of 10 per cent.' The proceeds of the sale during the year of 10,000 now shares had been added to the resoTve account, which now stands at £15,750. - ■■.-.' GREYMOUTH COAL' OUTPUT. Creymouth, June 29. The coal export for the week was:—Brunner, 496 tons 2 cwt.; Paparoa, 1300 tons i fiwt.; Blackball, 5269 tons 18 cwt.; Point' Elisabeth, 272 tone 12 cwt.; Liverpool, 1657 tone, 1 cwt. Total, 11,445 tone 4 cwt. . ■ HIGH COMMISSIONER'S OABLE. The Department of Agriculture.' Indu* tries, and Commerce has received the following cablegram from tho High Commissioner for New Zealand, dated London, June 27. (Quotations, unites otherwise specified, are average , market prices on spot) :— Mutton.—There is a poorer demand, for mutton, the result of the heavy arrivals of inferior chilled beef from Mnnte Video. Canterbury. 4Jd per lb. for light weight; North Island 4Jld. for light weight. Lamb.—A fair demand continues. The demand has been chiefly for lisht weights. Canterbury two's 65d. per lb., heavyweights 53d.; other, than Canterbury, .6 3-16 d* for light-weight, ■ ■ .. ■ Beef .—There ip -scarcely any demand- for beef. Quotations ■ for New beef nre nominal. New Zesbnd hfads, 4jd. per lb., fores 3Jd.; chilled beef, best duality hinds 5d., fores 3Jd Inferior qua-lity havo bem scllip' at—hinds 4d., fores, 2Jd. Buiter.—The market is steady. ' Danish, steady, per cwt. 116s. to 118s.; Now Zealand, prices nominal, 110s. to 114j.j Australian, slow demand, lCte' to 1fl<to; Ifish, flrra, quiet, 188s. to 110s.'; Siberian, steady, 935. to 1025.. ■ - - ~..;.-.,i . .,,.j ~,,..-■.;-, Cheese.—The market is slightly weaken with less dewand. 'Canadian, new make, slow tr*de, white, per cwt. ,625. to 635., coloured 63*. 6d:; New Zealand, dull, white, i?A. 6d. to 635. 6n.. coloured 630. 6d. to 645. 6i1.: Enelish cf)«ddnr, ir-irket steady, new make, 68s. to 725., fine 62.!.'t0 665.' Hemp.—The market is dull. • Supplies ol fibre aTo l»rge. ,Ncw Zealand, good feir £25.iC3. per ton. fair.'iSJ.: forward shipment «t same nricrl M.i.im'-«.. f.iir cur'-it £24 Ber ton. October to December shipment, £25. ' The output from Manila for th" wC'ak was 18,000 bales. Hops.—English, merket quiet, but steady. American, market firm, with en upward tendency. Continental, market steady, and a fair buwnc'Es doing. Wool.—The market k> very firm. There is lar?e demand for better grades for America. Prospects are favourable. ■ '' FROZEN" MEAT., - • " London,-June 28 The'lncorporatcd Society of Meat Importers' Rmithfleld market quotations for tho undermentioned classes of- frozen meat a.ro based on actual sales of not less than one hundred carcasses of mutton or lamb,' or twenty-five' quarters of beef-of fair average quality.. The quotations are not for Eelcctcd lines, but for parcels fairly representative, of the bulk of the shipments now on tho market. The prices which follow arc on the average a farthing per lb; more than , the values ex ship., this difference representing the average' cost in expense,- handling, conveyance, and selling the rnent:— -. • I ' -
, June2o. June 27. Hatton- J. d. « Canterbury, light 48 • 48 Canterbury, medium 4 3-16 43-16 Canterbury, Heavy ...'3B . 3§ .Southland- * North Island, befit 41-16 41-16 North Island, ordinary..: 315-16 31 Austravflj'ri, light' 33 33\ Australian, heavy , 31 il Bh*ar Plate, light • * River Plate, heavy * * ■ 2s T ew Zealand 3jj 39-16 "Australian ewe 3 311-16 311-16 River Plate ewes 38 39-16 Lamb—
Canterbury, light, '6} 6i Canterbury, medium 6J 5 5-16 Canterbury, heavy 6 6 Southland , 61-16 61-16 No.rth Island, selected ... 6J 61-16 North Island, ordinary... 6 ' 513-16 Australian, best 511-16 511-16 Australian, fair 511-16 511-16 Australian, inferior 5! 55 Hiyer, Plate, first 53 53 River Plate, second 55 • 55 Beef- ■ New Zealand, 05 fores... 33 33 New Zealand, ox hinds... 4 7-16 4 7-16 . .. Australian, ox fores' 35-16 3 5-16 Australian ox hinds 4)5-16 415-16 Rjvor Plate, ox fores 3i) 33 River Plate, ox him 1 ? ... 33 33 Eivcr PUte, chilled fores 3J 33 River Piute chilled hinds 5 5 •None offering. Rabbits are neglected, and priccs are unchanged. ' WHEAT AND'FLOUR. London, June 28. The wheat market is very dull. Australian. cargoes arc offering at 355. 9d. The wheat and flour afloat for the United Kinedom totals 3.115,000 quarters;' for tho Continent, 2,345,000; Atlantic shipments, 457,000; Pacific .19,G00. The total shipments to Europe during the week amounted to 1,685.000 quarters, including Australasian' 115,000.
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Dominion, Volume 7, Issue 2189, 30 June 1914, Page 10
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1,620COMMERCIAL ITEMS Dominion, Volume 7, Issue 2189, 30 June 1914, Page 10
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