COMMERCIAL ITEMS

Dominion, Volume 7, Issue 2201, 14 July 1914, Page 8

COMMERCIAL ITEMS

INVESTMENT'SHAKES' | The sales of investment 6hares recorded yesterday were: Union Steam, ordinary, j at .245. 9d., and Westport-Stocliton. at 2s. 9d. The quotations Tverc as follow.:—

EXPORTS' : OP PRODUCE./ "" The Tallies of the principal exported from New Zealand. during the first. half of June, compared with tho figures for, the corresponding lJ period of last year,' show es under:— •■■.••"■

HIDE, SKIN AND CRTJTCHING SALE. ■ In conjunction with their fortnightly hide and skin sole, Messrs. Dalgety and' Co., Ltd., held a special crutching sale, ati which representatives of both 'local and Home buying houses were present. Competition was keen throughout, and the quality of crutchings oifercd was superior to that of last sale, prices however being easier by about Jd. per lb. Skins and hi£es met with a' ready demand, prices toeing on a. par with those ruling at last sale, whilst tallow, in.sympathy with the London'markct, was slightly easier. ;'.• ; Customs duty collected at the port of Wellington yesterday amounted to £5901165. i Last -week's coal export from Grcymouth,' according to a Press Association telegram,' was 9003 tons 13cwt., consisting of Brunner 726 tons 13cwt., Blackball 4176 tons llcwt., Point Elizalttth 1500 tons scwt., Liverpool 2005 tons lOcwt., Paparoa 595 tons lOcwt. LONDON WOOL SALES. GOOD COMPETITION. By Telegraph—Press Association—Copyright . ' ' ..,. London, July 12. ■ At the wool sales a selection of merinos met with good competition all round at late rates. •■':.■'■ The following prices .were realised for the fleece portions of the'" New - Zealand clips named:—"Abbotsford," top 1 price 15$ d., average 13; d.: "Buakoi," 14id.-'and 113 d.; "Drysdale,"l2d. and 10 3-Bd.; "Severn," 16d.. and 13Jd.| "Kumukumu," 13d. and 12Jd. To date 49,332 bales have been, catalogued and 46,565 sold. ■ ' HIGH COMMISSIONEB'S CABLED MABKET REPORT.* ■ '■■"■ The Department of Agriculture, Industries and Commerce has received : the following cablegram from the High Commisaionel for New Zealand, dated London, July 11. (Note—Quotations, unless otherwise specified, are average markeo prices on spot.):— Mutton.—There has been a better tone in the market this week. ; The demand has boen chiefly for light weight. Canterbury, 43d. per lb. for light weight. There is a better demand for heavy weight at 3 15-tfid.' on account of higher prices 6f chilled, beef. North Island mutton, 4 3-Bd. per lb. for light weight. • Lamb.—There is a better demand for light weight. There .is a dull sale for ' heavy carcasses of lamb. The chief feature in the market is the demand for light weight, ovon if quality is very poor. Canterbury, twos, 6Jd. per lb.; heavy weights, fours, Ggd. Other than Canterbury, 6 3-16 d. for light weight. Beef.—There is a better demand for beef. New Zealand hinds, 4Sd. per lb.; fores, 3 3-Bd.: chilled hinds,; 6d.; fores. 3 3-8 d- : market is firmer. Danish, steady, pcr.cwt., 1225. to 1245.; New Zealand, nominal, 114s. to 118s.; unsaltcd, 116s to 12Cs.;, Australian. 105s. to 108s.; Siberian, in good demand, 102e. to 1045.; Irish creamcry, 112s. to 114s. Cheese.—The market is stcadv. Canadian, 'riuiot market,. per cwt., 635. to 645".; Now Zealand 'white, ill good demand 655. to 665,; coloured, 635. to 645. 6d.; English Cheddar, firm market, 70s', to 745.; Siberian, 325. to 565. Hemp—The market is rather more active,, especially for. Manila: There is a plight., rise in prices all round'. Manila: Fair current, per ton, £26; forward, shipment about the same. The output from Manila for the week was 16,000 bales. New Z"il!)tid:'fiood fair, per ton, £25 10s.; fair, £23 10s. Forward shipment about the samo prices. Stock of New Zealand at June 30Hemp, 833 tons; tow. 365 tons. Scheolitc-Mines Blackwell quotation, July 4, £1 10s'.. 6d. per ,unit. • FBOZEN MEAT. ' By Telegraph—Press Ateoclatlon-Copyrleht London, July 12. The Incorporated Society of Meat Importers' Smithfield market quotations for tho undermentioned classes of frozen meat aro based on actual sales of not less than ono hundred carcasses of mutton or lamb, or twenty-five quarters of beef of fair average quality. The quotations- are not for • Mlectod llnee, but for. parcels tftirlj raj.

presentative of the bulk of the. shipments row on the market. The prices which follow are 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 meat:— i

WHEAT AND FLOUR. ■ ' . . London, Jnly 12.- . The price of wheat is tending lower. An Australian] March shipment is offering at 355. 6d. , The wheat and flour afloat for the United. Kingdom totals 2,830,C00 auarters; for the. Contmmjt. 1.&65.CTG; Atlantic shipments, 530,000; Pacific, nil. The total shipments to Europe during tho week amounted to 1,432,POO. quarters, including Australasian 33,000. ' HIDES. ' i Tlio hides soles were very quiet. Trade is depressed. Queensland's, 8 11-16 d. to 8 13-lfid. ; 'New South Wales, 8 9-16 d. to 8 11-16 d. Leather.—Market Quiet. Best heavy Sydney,'l4d. to 151 d.; Melbourne, 143 d. to 15Jd. .riT , eft go °d demand. First Sydney's, 15£ d. to 17Jd. ; New Zealand's, 17d. to 21id. BROKEN HILL PROPRIETARY'S DEBENTURES. ' • , London, July 12. The Broken Hill Proprietary's x 600,000 worth of debentures is being issued at £97. UNION BANK REPORT. ' London, July 12. The Union Bank Teport shows that de.posits amount to £23,538,534; cash investments and remittances, £12,770,974; bills, £16.306.478. Tho value of new shares (fully paid) is £4C0,0G0. The premium .thereon has been' added to the Tesorve fund, and a dividend end bonus are payable on new shares.- i MARCONI WIRELESS CO. „„ ' ■, London, July 10. The Marconi Company's net profit for the past year is £122,000, as compared with £413,000 in . tho preceding year. Dividends of 17 per cent, on preference shares and 20 per cent. on. ordinary shares are declared. Tho amount carried forward Is reduced by about 50 per cent. SOUTH AFRICAN BANKS COMBINE. _ . „ v. Cape Town, July 11. The Natal is coalescing with the National Bank of Africa. DIVIDENDS IN N.S.W. (Rcc, July 13, 8.35 p.m.) , ■ Sydnoy, July 13. , The declaration of dividends payable/ in July makes the total distributed in dividends for tho yoar ■ £8,329,165.

■ !' ■ ' Buyers, . Sellere. ' I ,- £ e d, £ s. d, Bank N.Z. (66s. 8d.) - 10 19 0 Bank .N.Z. (£6 13s. «.) .„■-=• 17 1 0 Union Bank — . 62 0 0 National Bankj ; 5 16 0 ' .— •Wellington Deport 0 6 6 '■— Wellington Gas (£10) ...... 16 10 0. — ■ Union Steam (ordinary) ..1 4 '6 ; 1, 5,0 Union Stoam(pref.) 1 0 7 TO 9 Woatport' Coal :.... 1 9'9' - Wcstport--Stockton 0 2 6 •'•■,— I,eylnnd-0'Brien : ... — 12 9 Ii.I.O. (preference) — 12 6 N.Z. Paper Mills ■....:.:.. - ; 0 17 0' Ward, and Co. .'. 5 0 0 . - . W.F.O.A. (£1) -r 16 0

■'■•*■ /■'■•■' June, 1914. June, 1913! ;.'■■■ ■ £ • £ Butter '..;........ 25,758' 10.395.' • Cheese 44,685 53,032- , Beef 40,977 26,44? Mutton— \ .-.Carcasses....,,; , ..71,483 .: 148,150 ,, Legs'and pieces .'.V.';. 1 .';" 478 1,363 Lnmb :.... 188,279 222,645 Wheat 39 29 Oats 4.862 659- .. Potatoes ■ .' 2295 81Hemp .■,..'...■.......... ...;...;. 50,381 39.588 Poultry, etc:.' ...!...... , ■ 772 2,762: ■ , Tow ;.,.'.■. 5.376 3,133 Kauri gum '. 43,789 27,746 Grain and pulse 5,356 8,522 Hods ...:. 2,204 • 2,232 Hides '...... 21,565 16,735 Skins .".....'.■„... 50.012 52.779 • Tallow '......-. ....;..... 37.241 58,045' Timber .....: :.„■....' 22.464 ■ 7.586 Wool .....!.. 201,754 155.226 - Gold '.: 95,796 25,754 "£913,561 £862,911

: r ,. *•' 'June 27: July'4. Jiutton— a a, ■ Canterbury, light 48 42 Canterbury, medium 43-16 43-16 Canterbury, heavy ' 33 315-16 Southland ... • » North Island, best '. 41-16" 41 • ' North Island, ordinary '33' 33 Australian, light 33 33 Australian, heavy 32 33- ■ River Plate, light ..: • « . Elver Plate, heavy • • • New Zealand ewes 31 34 Australian ewes 33 3J Itiver Plato ewes .'. 3* U LambCanterbury, light 6J 65 Canterbury, medium 53 ' 613-16 Canterbury; heavy 53 5 3-8 Southland 515-16 58 North Island, selected ... 6 ' 515-16 North Island, ordinary ... 5J 513-16 Australian, best ■'. .- 511-16 511-16 Australian, fair 511-16 511-16 Australian, inferior 69' 5J River Plate, first 5! 53 Itiver Plato, second 53 51 BeefNew Zealand, ox fores... 33 '3D New ZmiwH, ox hinda ... 4 7-16 4JAustralian, ox fore's 3} 3 3-8 Australian, ox hinds 415-16 4 3-8 Eiver Plate, ox fores 3S 3S Hiver. Plate, ox hinda ... 33 4} Hiver Plate, chilled fores 33 33-8 Jliver Plate, chilled hinds 51 6 Uruguay frozen fores .:. 31 Uruguay frozen hinds ... — 4J *None offering. . ••;