COMMERCIAL ITEMS

Dominion, Volume 7, Issue 2247, 5 September 1914, Page 10

COMMERCIAL ITEMS

':'. . 'INVESTMENT SHARES. , A'sale of Leytand-O'Brien Timber shores at 21s. woe reported yesterday. The o.uot<v tions were as follow:— '-. • Buyers. Sellers. .' "' ' ' . £ s. d.■ ■ £,s.-d. N.Z. and H, Hate - 119 0 Wn. Gas. (£10) 15 0 0 , - - South British :.,.... 3 16 0 4 0 0 Christehurch Meat - 15 0 0 Westport .(■:. .........../.. 17 0 19 0 .'"'.'HIDES AND. TALLOW SALES. . The Wellington Wool brokers' Association decided that catalogues of hides and tallow only should be submitted yesterday at the usual fortnightly sale fixture. TheTC was a. good attendance of buyers. Prices showed a drop in values of 15 to 20 per cent, as compared with local sales in July, which must be considered satisfactory in view, of lower rates lately being obtained in. Australian and other Now Zealand centres. Xha JUL Loan and Mercantile Azenov.

Company, Ltd., offered a iairly large catalogue of hides and tallow. There was a. very good attendance of buyers, and competition' was good at the lower range of values caused by the dislocation of trade by the war. . Prices were a shade higher than tho6e ruling at the sale a. month ago. The firm clc-arod the passcd-in' lots of ehecpskins from t.ho last sale privately at satisfactory- prico. Messrs. Abraham and Williams, Ltd., offered some 500 Ealted eltius, and these sold at fail prices. Generally there was fair competition for hides, and prices ruled at about lid. per lb. lower than- before the outbreak of war. It ie probable that tho selling of skins will he resumed shortly. The United Farmers' Co-operative Association, Ltd., end the Wairarapa Farmers Co-operative Association, Ltd., report that owing to the unsettled stale of tho market no wool or sheepskins were offered. Messrs. Levin and Company, Ltd., report:—Mlow sold at rates current a month- «go. There was «■ good demand for hide* though prices -showed a decline or approximatcly 3-Bths of a peony all round. At last sale calfskins fell at least per pound, but recovered about one penny at to-day's sale l . We think that farmers will be well advised to forward skins for ialo promptly, for though prices are about twopence per poiind. easier, it appears to us that the market will not materially improve in. tho near futuTe, and skine held baok will deteriorate, as a rule. Messrs. Murray, Hoberts, and Co., Ltd., report:—"We submitted a, catalogue of 550 hides and calfskins, a large number of buyers attending the sale. Competition was good for all wcltconditioned parcels of Sides, at prices oil the average about a halfpenny below the sale held last month, and wo oleared the whole of .our catalogue at this range of values. Tanners operated freely, and a few lote were bought by export-era. Calfskins sold at about lid. to 2d. below the high figure's of a month, ego. The range of prices woe as under:—Ox heavy, 7d. to 8 5-Bd. per lb.; ox, medium, 6id. to 7 3-Bd.; ox, light, 6 5-Bd. to 7}d.; cow, heavy, 6}d. to 7.1-Bd.; cow, medium, 6&d. to 7 l-8d;; cow, light, 6Jd. to 7d.; damaged and inferior, 41S. to 6Jd.; bulls and staes, lid. h>" 4.5-8(1.; calf skine, super, Bd. to 9W.; medium to good, 6Jd. to 9d.; inferior, 2d. to 7 l-Bd. Tallow, m casks, 2Cs. to 235. 3d. per cwt.; in tins, etc., 15s. to 19s. 6d. Customs duty collected at the port or Wellington yeettrday amounted to £2396 Us. SOUTHERN MAEKETS. • • (By Telegraph.—Press Association.) Chrlstcliuroh, September 4. . The local grain market is practically at a standstill,- and there is no grain offering from tho country, or at least only odd lots for which ■ prices are oeked that buyers are not prepared to give. , It ie impossible to'eay what are- the ruling prices, as the only: Business that is passing is between second holders and urgent buyers who hoTe to make the best bargains they can. The chaff market is somewhat easier and although £3 is asked at country stations only those . who are - wanting immediate sirbpliee ore prepared to pay this figure. Tho potato market is very dull, as- it is difficult to make , sales. The northern markete cjid merojiants ti&ve etill stocks in hand to dispose of. Tho price is nominally £?.■ at country stations, with a , poor deniaud, . . ..... .... ' 'WHEAT. . By Telegraph—Press Association—Copyright London, September 3. Wheat, is firm, and there is lifctlo- , inuiry.. Forty-eix shillings is α-skcd for South Australian shipments afloat. ■■ v - . ' . COPRA. '."■■■'-'• London, September S. i' Tho Copra Association; has fixed the price of South Bea, on spot, at £23 10s. per ton. JUTE. . Calcutta, September a. The August Jute tonnage for Australasia is about one-third of tho normal, but the demand is correspondingly less. • It is impossible to Eay. what tonnage will bo available in. September and Octobet, VICTOKIAN PRODUCE MARKET. Melbourne, September J. Wheat.—No business is being done, and prices are nominal. Flour is quoted at £11; oats, at 2s. led. to 2s. 1ld.; baTlev, ai. 30. to 3s. 10d.: maize, at 3s. 9jd.: bran, at £6 65.; pollard, at £6 10s.; potatoes! to £6; and onions, at £11. . • ' BANK OF ENGLAND RETURN. ' (Rec. September.4, 5,20 p.m.) . •I London, September; 3-. tlie Bank, of England return issued for the week ..ended "Wednesday, September 2, is as under irr. :,.-;■■; :,--.• /.. I«S»E'i)EPABTjrE«I N T «tol«u» i55,500,C0D ■ flev.iiebt ... £11,015,000 ■ . ether wcuri- •, ■ ■ ' tiei ... ... 7.M4.000 Cold ... ... 37.051,0(10 £55,600,000 ; ■ £55,500,000 BINKINO DEPARTStKNT. rrtpriston , ,- ' . - Govb. seouri- • capital iEM.5i3.000 ties £-28,024,000 ?üblic d«- ■■■■'■ Bthor weuriposits :.. 28.577.003 ties... ...121,631,000 Otber ' pesits; ...133.619.000 - Notu ... 20,212,000 Beet, 7-day , , . ; and at'iiin . ' . bills... ... 3.731,008 Ceiu ... >. 10,732,000 . X160.V85.003 f160,750,00D The'leading itoms ol the Bank of ■Mβlaud roturo. afford ,the following oompariion:—" ■ . ■■ .:...■ ;■ ■! ,•: . This week Last week L*s&y«a,r ■ ■ ';•.'■ - .-£■■ ■■■ ■£. ■ - s ■ Bnllien- ' '37.051.000 -12.7-43.000 .41.601.000 Rssei-vo , '"' . 50.035.C00 S6.3S2JXX? 32,-M7.000 Kot.oircfilatlbn ..35,353,000 35.571.t03 -29.183.0C0 Public Deposits 28.677.0ffl 33,8b7.HC0 0,520.000 .Other- Deposits 133.Mi3.000 «,:60,000 l'l'opoi'lion of ■

'inabilities ■ 19.01' 17.83 59.59 .;■,-■"■' : MONEY MARKET EATES. The Bank of England's discount :rate. for threo months' bills is 4i per .cent.,* aga.in6t 51 per cent. lost, week, and 41 per cent, last year. '; ■ , Short loans are quoted at 3 per cent., against.' 3 per cent, last week, and , II per 'cent, last year, ■; i COLONL4L AND .OTHER PRODUCE. Sugar, granulated, on spot, 30s. per cwt. Butter is quiet, with a hand-to-mouth demand.' Danish is quoted at 1255: to 130s. iuetralian is practically cleared,, and ,'e nominally .118s. to 1215.; New Zealand, 1255. to 130s. '. •-■". -:■ Cheese is very firm owing to Government p-OTcV.asO3. Now Zealand and. Canadian■ ore at Tteito 74e. ••■ Bacon is , firm and unchanged.; ", '■Bradford Tops.—Tho market ie.nuiet, and merino ■ counts are stagnant and., weaker.There is , 6mall inquiry for low medium, erossbreds. Sirty-fours • ate quoted ,at 30td.; euper sixties at 29Jd.; common siitiee at 28JC1. , ; and. fifty-sixes at lAi. , " ; PIG IRON. '■-." '•■ Pigiiron is quoted at 515.. sd. por ton. , A PROSPEROUS COMPANY V (By Telegraph.—Press Association.) V' Tlmaru, September 4., The annual balance-sheet of tho Farmers' Co-operative Association, will show a not profit of .£33.543, plus £1754 carried forward; The directors pTopoeio a dividend of 6 per cent, on preference sharea, and one of 8 per cent, on ordinary capital, and the usual bonuses and rebates, but rccomnjend that these be deferred till the outlook 13 more Kettled. ■"'■'■; MINING NEWS ~ , WELLINGTON SHARE MAEKET. , In the mining market yesterday there were two salos o£ Talisman each at Z65. 9d. The quotations were ae under:— Buyers. EellAra. £e. d, : f.f. d Eoss 0 10 0 13 Waihi - 19 9 STOCK EXCHANGE. ......; .'By Telegraph—Press Association.) Auckland, September 4. On the. shore" market' to-day "Waihi mining, shOTce changed hands at 295. 3d. Talisman* were in. demand at 265.- 6d., end sellers 'asked 275. 6d.' Waihi Brand Junctions found sale at 20a. '' Dunedin, September 4. On the shore market to-day sales were effected in Wnihi Grand Junctions et £1 Cβ. 3d., and the market finished with sellers at that figure, buyers offcrins £1 os. 2d. CONSOLIATED MINES OF N.Z. The following telegram was received yesterday by the Wellington Stock Exchange from the Consolidated Mines:— Orushinc returns Consolidated group for August.—Progress milled 2200 tons, yielding £2735; working expenses, £2262; capital development and prospecting, £1320. Wealth of Nations milled 2280 tons, yielding £4116: working expenses. £1918; capital dcvclopMinee. milled 4447 tons, yielding. £8499: working expenses, £4923; capital development, £1262.