COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2281, 15 October 1914, Page 8

COMMERCIAL ITEMS

INVESTMENT SEAEES; There were . no'. 'tranaactions in investtoiont Ghares. yesterday. Tho quotations were os follow,:—'. I Buyera. Sellerß. ..'--:- - • ■ £s.d. £e. d. Bank N.Zi.(£3'ss. sd.) ...10 2 6 10 5 0 Bank N.Z...(£0"135. > M.) ... 15 5 0. . - Union Bank ~.....:.'... < — .• ■ 51 15 0 N.Z. and lliver Plate ... - 2 0 0 Wgtn. .Trust, Loan, Ltd. 7 0 0 — Christchurch Gas" (£5) ...: '7 ;2 6 — Union Steam (pref.) ...„...,. 10 0 1.0 6 Tanpiri ...:;. ;:...-. — 0 18 3 Consol. Dental ..'.,.„ .;.... 1.00, — Sharlan.-l (ord.). ..:........ 10 0 — Hharland (prof.) 1 0 0' — Crown Brewery.- — 1 15 6 Taranaki Oil Wells 0 2'9 — FRANCE AND FROZEN-MEAT/ The "Financial Time 3". of August 26, Bays: "In view of the mobilisation of all her available manhood, France, through Jicr Government, has natiu-olly turned Bince the commencement of tho wax to English A'radcrs and manufacturers to provide articles: of commerce which sho is in the habit of producing or procuring- for herself under ordinary.conditions, but has now no available labour for the purpose. Leather goodrj in enormous quantities havo been, and arc still being, ordered to 6ome extent for military use, and also for civilian requirements. These contracts embraco boots, shoes, saddlery, and tanned upholstery, and it is probable that tho business so far entered into of this naturo Is but the forerunner of further contracts of a similar character. Arrangements have also been made with the refrigerating interests in various parts of England to maintain a specified supnly of frozen meat for. consumption on. tho other side of the Channel, and large warehouses have been set aside for tho sole purpose of meeting French requirements. The necessary expert staffs have been collected for the testing and general handling of these supplies. It ia also understood that, under an arrangement with the British Government, a considerable quantity of coal will' shortly bo 'sent across the Channel for naval and general purposes, and here, again, tho quantities required have been earmarked for our allies, and steps taken to facilitate their Tapid and regular dispatch." WELLINGTON WOOLBROKEES' ASSOCIATION. At a meeting of ,tho Wellington Wool Brokers' Association held yesterday, tho question' as to the conduct of ■ the local wool sales in Wellington throughout the ensuing season was discussed, and after a full consideration it was decided that In the interests of wool growers generally,the -programme originally laid down would bo carried out, that is. sales will be held in Wellington on November 18, December 11, January 25. February 26, and a further solo in March, the doto of whioh, will ha

fixed later. While, of course, it is impossible to forecast the trend of values, the opinion is general that very payable prices will be secured for the forthcoming clip. Assurances havo already been received that all tho available buying power will ho represented on this side, so that growers.in. considering as to the placo of marketing their wool, may rest assured that equal buying power will be availablo here .as. in London. Tho question as to increase in marino insurance rates was also discussod, and it was decided to mako representations to the Marino' Underwriters' Association to obtain some remission, of the recent increase in rates.- . '~ .: Jtr. W. S. Bennett was again elected to tho position of chairman'. . WOOL, SKIN, AND . HIDE SALE. Messrs: Williams and Kettle, Ltd., Dannevirko, report bavins held their wool, skin, and hide sale on October 13, this beircgthe first sale since July 8. Prices ruling for wool were Id. to lid. lower, all round; while sheepskins showed a decline of Id. per lb.', this decline representing tho war risk now imposed,on shipment to London. Hides sold at par with last sale. The hides and calfskins were sold privately prior to the sale at prices satisfactory to vendors; Calfskins realised up to 13* d. Wool: Crossbred (new clip) ordinary coarse Bid.; crossbred dead, 6/d. to Sid.; crutohiusrs, 65d. to 7d.; bellies and pieces, 6»d-; locks, 33d.; horciehair, is. 4Jd. Sheepskins: Crossbred, coarse, to medium. 7Jd.; crossbred dead, 4)d. to 6>d.; crossbred, broken. 4Jd.; crossbred, black, 4/d.; crossbred at each, medium, 2s. 6d. to fe. 9d. Hides: Oow, 6d. to Bd.i ox. 7gd. to Bd. Calfskins:. Sound, 9d. to 13>d>: • cut. Bd.; slippy. 6rt. Tallow (poor demand): Casks, £18 lfe. to .£2l 10s. per ton.; tins, 20s. sd. per cwt.; rough fat, 15e. Customs duty collected at the port of Wellington yesterday amounted to £2956 70. 2d. ■ • HIGH COMJITSSIONEE'S ITAEKET . BEPOBT. The Department of Agriculture, Industries, and Commerce hes received the following cablegram from the High Commissioner for N.Z., dated London, October 10. (Note— Quotations, -unless otherwiso specified, are average market prices on spot.) Mutton—The market is„ steady, hut demand is only moderate, on account of large supplies coining forward. Home-grown and Dutch prices "arc firmer owing to short supply. Cantor bury, • 53d. per lb.; North Island, 53d. per lb.; ewes, 5Jd. Lamb.— Tho marliet is very quiet and well supplied rath Scotch-at a reasonable price. Canterbury twos, 6Jd. pel' lb.; heavy-weight fours. 6 3-Bd.; other than Canterbury, 6Jd. for light weight. Beef—The market Is' steady; there is not much demand, but prices are firm. Hew Zealand hinds. G 6-Bd. per.lb.;.fores, sgd. There were 25.CC0 quarters of chilled beef on the market thin week. Hinds 6Jd..perlb.; fores, 5Jd. Butter. —The market-is very firm. Danish, quiet, per cwt., 1425. to 1465.; Siberian, a fair demand, 120s. .to 1245.; Australian, a fair demand, 1245. to 1285.; Irish creamery, firm, 12&3. to 1345.; Argentine, firm, 120s. Cheese. —The market is very firm. Canadian, white and coloured, firm market, per cwt., 765. to 775.; Encrlish, a- fair demand, 765. to 84s. Hemp—The market is lifeless. Qnotationw aro nominal. Jfcw Zealand good-fair, per ten, £23 His.;-fair, £21 10?.; fair current llanila. £26. The output from Manila for' tho week was 10.0 CO. bales. Wool—The wool Gales have closed. The demand has been chiefly!for Home trade. The market closed very strong. Quantity .offered was not sufficient for reqnirement's.and it is likely sales will -be held at short intervals. The next will be in beginning of .November. Estimated values: Superior merinos, per lb., 13d. to 15d.; medium, IM. to 12d.; inferior, 7d. to 9d:: fine crorsbreds, oil grades, 14d. to 16d.; medium crossbrods, all grades. 13d. to 16d.; coarse crossbreds, all grades, lid. to 14d.

'■"'• LONDON WOOL BALES. . . TOP MARKET STRONG. By Telegraph—Press Association—Copyright '< ; ' London, October' 13. Wool sold for the Home trade totalled 40,500 bales, for the Continent 2000, for America nil. The amount held over-tot-alled 8500 bales. r The Bradford market is very strong. Top makers aro reluctant to quote. ! ;.; /THE NEXT SERIES. (Bee. October 14. 10.40 p.m.) ' ••.-,..'.. London, October 13. •. ' The next series of. wool sales have been fixed for November 3, to include arrivals up- to September 13, and the following series.for December 8, the lists closing, on November 30. . Tho first series in 1915 is fixed for Janu-' ary .19, lists closing on January 11, and thereafter frequent sales will be held as circumstances require. Messrs.' Dalgtey and Co.; Ltd., have received the following cablegram from their London office under date October 12:—"In Hie;' London ■ sales just closed a total of ■ 43,000 bales wero catalogued. ■ Of this quantity 36,000 bales were sold to the Home trade, and 2000 bales to the Continent, leavinga, carryforward of 3000 bales, plus BCOO Which were' not. offered."

I The New Zealand Loan and Mercantile Agency Company, Ltd., have received cabled intimation from London to the effect that the next wool sale has been'fixed for November 3, and that. tho. iiet had already closed on 30th ultimo. , . , , , ' FUTURE SALE DATES. Messrs. Dalgety and Co., Ltd., have received the following cablegram from their London Office, under date October 13:—"The next wool sale has been fixed to take place on November 3, and it has been decided to' limit offering to arrivals up to September 30. The total offering will, probably bo 50,000 to 60,000 bales. Further sales have been fixed for December 8 (for which arrivals to November 30 will be taken),.and January 19, for which quantity is unlimited." LONDON MARKETS. By Telegraph—Press Association—Copyright (Rec. October 14, 10.40 p.m.) 1 London, October 13. . Wheat is steady and unchanged; 445. is asked for South Australian. Silver.—Bar silver is quoted at 23Jd. per ounco standard. Copper on spot, £55 to £55 10s. per ton. Kauri gum in stock, 806 tons. WHEAT. London, October 13. The wheat market is torn, sellers holding for more money.