COMMERCIAL ITEMS

Dominion, Volume 7, Issue 2261, 22 September 1914, Page 8

COMMERCIAL ITEMS

WELLINGTON SHARE MARKET. ■ A sale of Talismans at 275. '9d. was the only mining transaction recorded yesterday. The quotations were as follow:— Buyers. - .Sellers. £ s. d.'f. £ s. d: 'Murray Creek (10s.) '—' ■■ J« jj Waihi :....-. HI-9 113 0 Griind Junction .:. "— 100 duty collected at tho port 'of Wellington yesterday .amounted to '£1871 Ms. Bd. AUSTEALASIAN WOOL EXPORTS. Wool'exports from the Commonwealth and New Zealand during the two montm> ended August 31, compared to the corresponding period last season, compiled by Dalgety and .Company, Ltd., are as follow: ■ : July-' July : ■ - Aneust. August. 1914. 1913. 1 .' . ' ' ■ Bales. Bate. New South Wales ;...-..... 26.076 37,053 Victoria 10,781 6,377 South Australia, : 2.241 1.720 Queensland ;.... :.. : .....,- 27.M0 56,017 Western Australia , 2.3C9 2,217 Tasmania .....:....... Kil. Ml. Commonwealth ■ 68.447 105.684 ■ New Zealand 15,578 25132 Australasia .84,025 131,016 Net decrease for Australasia, 46,991 bales.

HIGH COMMISSIONEE'S EEPORT. . ' The Deportment of Agriculture, Induetries, and Commerce has received the following cablegram from the m&* CommWr Eioner for' Sew Zealand, dated London, September. 19i 1914. (Note: Quotations, un-. less otherwise -.specified, are /avdago market: prices on-spot):— ~ Mutton.— I The -market is firmer, partly owing' to purchases' for the Government. Canterbury, 53d. per lb. for lipht-weight; heavy-wekht, s}d- North Island, 5Jd. for liffht:weight;-ewes, S)d.. . : ,- . Lamb.—The"', m.-irket,: ; ;is weaker an.l slightly lower. The demand has considerably fallen off. on account Of high prices. Canterbury two's,-6 13-163. per lb.;, other than Canterbury, 6 5-Cd..for light-weight of the very best quality, and 6Jd. for fair average ouallt.y. ■ ' . Beef:—The market is firmer, owing to sliort. supply, of chilled. New Zealand hinds, -63d. per lb.: foreß, 53d.i ■ chilled hinds,7Sd.; fores, 5 7-Bd. . . ' .'. Butter.-The market is quiet for best Duality, and the 6iipply falls short of -tho demand. Danish, steady, per cwt., 128s. to 13te.; Siberian, a fair demand, 114s. _to 1135.; Australian, small snnplies i coming forward, 116s. to 120 a.; Irish creamery, very slow,. 112s. to ÜBs.; Argentine, 116s. to-118s. ...,.,. Cheese—The market is nuiet but steady. Canadian, slow, per cwt. 755. to 765.; English Cheddar, quiet. 765. to 84s. The market prices for Now Zealand butter and cheese are not-quoted thio week, as the supply is practically exhausted. Hemp—The market ia dull; supplies arc large. Prices are' nominal. New Zealand, good fair: per ton. £24; fair, £22 10s.; fair current Manila, £26 10s. The output from .Manila for the week was 15,000 bales. .. Sisal.-Therc is a largo supply, and prices have been-falling heavily. Value is £21 per ton, c.i.f. London. Wheat.—The market is quiot, with, a tendency in favour of buyers. Australian, 455. c.i.f. Oats—The market is steady, but without animation. New Zealand Cartons, 325., ex store.

' LONDON MARKETS. Messrs. Dalgoty and Company, Ltd., havo received the following market report from their London house:—Wool Sale—Owing to tho attitude of buyers in wanting sale postponed, brokers have decided to limit the offerings to the arrivals prior to August 18 only. The eale opens on October 6, lasting five days, and quantity available is estimated to be 50,000 bales. Sheepskins.—At the sale just closed merinos averaged a decline in prices of 25 per cent, and crossbreds 15 per cent, as compared with rates ruling, before the war; 4530 bales of Australasian sheepskins were offered, and 3130 sold.

LONDON SHEEPSKINS SALES. The Department of Agriculture, Industries, and Commerce has received the following cablegram, ■ dated September 58, from the High Commissioner for New Zealand, London.. in regard to the sale of sheepskins, which took place on September 17:—"A large proportion of merinoe withdrawn; prices have declined 20 por cent.; croesbreds, majority have eold at a decline of 10 per cent.; 15 per cent, longwools. Decline greatest in case of shorns; . 1750 bales New Zealand offered. Merino, fullwoollcd, 6d. to 73d.; shorns, 33d. to Cid-s crossbrods, fine, 7d. to 93.; coarse, 6d. to 8cl.: shorns, 3d. to 7Jd." The Bank of New Zealand has received the following cablegram from its London, office, dated September 18;—" Prices are 10 to 15 per cent, lower for crossbred dtins, and 20 per cent, lower for merino skins."

' . FEOZEN MEAT. By Telegraph—Press Association-Oopyright London, September 20. The Incorporated Sooiety o£ Meat Importers' Smithfleld market quotations for the ■undermentioned classes of frozen meat aro based on actual sales of not Ices than one hundred carcasses of mutton or lamb, or twenty-five quarters of beef of fair average qulity. ; The quotations are not. for selectod lines, but for parcels fairly representative of the bulk of the shipments now on the market. Tho prices which follow aro on the average a farthing per lb. more than the values ex.ship, this difference representing the average cost in expense, handling, conveyance, and Belling the meat:— New • Zealand Sheep.—Canterbury, light. 63d.: medium. 5 5-Bd.; heavy, s}d. Southland, 5Jd. "North Island, 5 3-Bd.; best brands, 6Jd.; owes, 5 l-Bd. ■ New Zealand Lambs— Canterbury, light, 6 13-16 d.; second quality, 6 9-15 d.: medium, 6 9-16 d.; heavy, 6 5-80. Southland, Sia. North Island, 6 3-Bd.; selected brands; 6Sd. New Zealand Beef—Fores, 53d.; hinds. 63d. '. Australian Sheep—Wethers. 55d. Australian Beef—Fores, 5.3d.; hinds, 63f1. South American Sheep—Light, 5 7-16 d.i heavy, 5 3-16 d. Beef—Argentine frozen fores, 53d.; hinds, C 7-16 d. Chilled fores, 5 3-Bd.; hinds, 7Sd. Uruguay.—Frozen fores, 5 5-Bd.; hinds 6 7-Bd. RABBITS. Babbits.—Market firm: prices unchanged; good demand. Large arrivals aro preventing a rise. WHEAT AND.FLOUR. London, September 2U. Wheat—Tho market is steadier; demand quiet. The wheat and Hour afloat for tho United Kingdom total? 1,765,000 quarters;

for the Continent, 1.540.C00 quarters; At- i lantic shipments, 717.C00; Pacific, 55.000. | The total shipments to Europe during tho week amounted to 1,000.000 ouaTters; to India, 108,000; others, nil. LONDON MARKETS London, September 19. Wheat— The wheat market is dull; 465. 6d. per quarter is asked for Australian afloat. Butter.—The price of Danish butter has been raised 4. kroner, and the London quotation is now 1245. to 130s. per cwt.. a rise of 2s. for best brands. Hemp.—On a lifeless market good fair New Zealand hemp is ss. lower at £23 15s. per ton. Rubber.—Pino hard Para rubber is lid. higher at 2s. Brt. per lb.; first latex cropo plantation, id. higher at 2s. ijil.: smoked ribbed sheet, Id. lower at 2s. ljd. METALS. Silver is quoted at 23 13-16 d. per ounce standard." Copper.—£s7 ss. and £57 15s. per tan. Aluminium—£9l'to £92 per ton Quicksilver.—£6 12s. 6d. per bottle. Molybdenite.—Nomiualy unchanged. COMMONWEALTH BANK. (Heo. September 21, 7 p.m.) Sydney, September 21. For tho half-year ended June 30 the Commonwealth Bank earned a, net profit of £3093.