COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2383, 12 February 1915, Page 8

COMMERCIAL ITEMS

. 1 INVESTMENT 6HABES. ' In the. investment market yesterday sales wcro recorded of Bank' ol New Zealand (now) at £16 Be.; Meat Export (525. fid. paid) at.£2 165.; e.nd WoetportrStockton coal at 4s. Bd. The quotations were as under:—

Customs duty collected, at the port of Wellington yesterday amounted to. £1565 lfe. 6d. ■ ; SOUTHLAND WOOL SALE. (By Telegraph— Frese Association.) • ■ ' Invercarglll, February 11. For the second series of wool , sales tomorrow 7947-bales will be offered, compared with 8222 at the corresponding sole of last year. A 'slight decrease, but the total number of bales catalogued at the two sales this year is 18,526, as against 17,762 in. 1914, the increase In favouri of this year being 764 bales. ' • It lfl ..eipeoted; that prices to-morrow .'will be in excess of those obtained in January, high as they were, arid that fleece wools will show. an advance in vaJue of from a farthing ito.'a. halfpenny. The clip is in splendid-condition;-A great 'deal of interest is being' taken in the talc, .which in Eome respects at> least promises to be a record for Southland. -FROZEN MEAT. Messrs; Gilbert Anderson and 00. (Messrs. Mellsop, Eliott and Co., local agentß), writing under date London. January 5, report as follows on. the frozen meat market Arrivals - from Australia, New Zealand, arid South America for December amountied .to':—700,000 . mutton,: 400,000 carcasses lamb, 300,000 quarters frozen beef, 100,000 . quarters' chilled Beef. Compared with:— ,486,000 mutton, 358,C00 lamb, 170,000 frozen beef, 306,000 chilled beef, in 1913. The large increaso.in mutton has so far not had a very detrimental effect on prices,' but it must. be ,' borne in mind that a largo proportion: of the nleat has not yet been marketed on account of the slow discharge owing to shortage of labour. Prime -weights, of ,ox beef remain firm on account of the Government' demand, which leaves very little'for. ordinary domestic purposes, .'but secondary sorts axe at a discount. Home Grown.—Reduced quantities coming, to hand. Beef: Sides, Scotch 7d. to 7Jd., ■English 63d to 7|d,, Irish 7d. to 73d. Mutton: .'Scotch 6Jd. to 73d., English 6}d. to 7Jd., Dutch 6d. to 63d. Tbgs: Scotch 7Jd. to BJd, English 7d. to 73d., Dutch 6Jd to 7}d. Lambs: English new season's 9|d. to 103td., Scotch hill lambs 7d. to Bd. Fork, 6{d to Bd. Teal, according to quality, 5Jd. to 9Jd. ' ■ Frozen Mutton: Canterbury, 48 to - 561b., sid.; 66 to 641b., also 64 to 721b., 5 3-Bd. Best New Zealand, 56 to 641b., 5 7-16 d., ordinary 5 3-Bd.j ewas, 5 l-Bd.- to 55d. Australian wethers, 40 to 601b., 5 l-Bd.; 35 to 551b., 5 l-16d.; ewes, 4 15-16 d. South American wethers, 40: to 551b.,:5 5-16<L;-56 to 721b., 5 l-16d. ' Lambs.—Quite- a good trade, and with good Australian, scarce, -' these latter are fetching a much higher price -than the other grades. Canterbury, up to 361b., 68d.; 36 to 421b., 6Jd.; Australian, beet 6id„ fair 6Jd., inferior sjd.: South American, 28 to 361b., 6f_d.; 36 to 421b. 6d.' Beef.—Frozen New Zealand, fores, 53d., hinds, 61d.; Australian, crops, 53d.; hinds, 6id.; chilled Argentine, fores, sid.; hinds, 6|d.; Uruguay, fores, sJd.', hinds, 6ld. -.' ' WHEAT. By Telegraph—Press Association—Copyright • London, February 10. Wheat.—American visible supply of wheat ,ia 97,907,000 bushels. - Chicago May options are at 163} cents and ■1641 cents., July options, 1383 cents and 140' cents. . i Market firmly held, with occasional three- ' pence advance. LINSEED OIL . AND TURPENTINE. - - . London, February 10. Linseed oil, £35 ss. Turpentine, 425. 4Jd. TALLOW SALES. London, February 10. ' At the fallow sales 876 casks were offered "and sold. Prices realised: Mutton, fino, 426.; mcdinm, 363 . 6d. Beef, fine, 40s. 6d.; medium, 365. ; , , The New Zealand Loan and Mercantile • Agency Company, Ltd., has received the following cablegram from its London house, under date 10th instant:—"Tallow—We quote present spot values for the following descriptions Fine.'mutton, 40s. 6d. per cwt.; good beef, 385.; mixed, 355. The market is , active." . . METAL MARKETS. ; London, Februarv 10. Copper on spot, £62.175. 6d. to £63 2b. 6d.; three months, £63 7s. 6d. to £63 12s. 6d. Tin; on. spoti £174 to £174 10s. 'per ton; : three months;- £154! to 1 £154 10s. . Bead, soft-foreign, £18 12s. 6d. to £18 ss. ' .Spelter, £39-10s. to'£4o. Silver.—Bar silver is-quoted at 22 5-Bd, per, ounce standard. . , . •c, " . . '■ ■ ' ;■ AUSTRALIAN - MARKETS. (Rec. February. ,11, 9.55 p.m.) . Sydney, February 11. _ Oats—Tasmanian,'4s. lid. ito 55.: Algerian . 43. 1 6 d. to. 4b./ 9d.; New Zealand "A" ;grade. Gartons, 55., VB" grade 4s. lid.: barley, Cape-feeding 6s. 6d„ English 65.: maize, 45._9d.; potatoes, Tasmanian, £5 to £6; onions, 6s.': to 95.; butter, • selected 120s„ secondary,' Us. to 116e.; cheese,'6Jd.; bacon. 9d. .to 10d.;.; ■ . . 'Adelaide, February 11. 'Hour, £16.t0 £16.105.; bran, 25.: pollard. . eats. 4e. 9d. ,

; MELBOURNE HIDE SALE. ffiec. February 11, 9.55 Dim.) i •. Melbourne, February 11. ■~At tho'. hide' Gales -there were .fair sup- ; plies. Heavier.sorts were unchanged; kips : and light descriptions were l-Bd. to Id. lower. BTDNEY WOOL BALKS. ' fßco;: Febrnory 11, 9.55 p.m.)' ■ .. Sydney, February 11. The week'B vyool Bales have closed with Jeen competition for all Rood dualities at the best, rates of the week; faulties were irregular, "Crossbred greasy sold up to 13|d. ; merino, up to 13d.; and scoured uo to

■ • Buyer®. (eJleri S. 6. 4. £ a. 4 National Bank 5 10 5 10 0 Bank N.Z. (old) .................. 10- 4 0 • - Equitable Building .960 — I. and Mercantile (old)... SO 0 0 —• Auckland Gaa i... l'J ' •• — Ohcb.: Gas (£5) :"7 7 0 - Palmers ion. N. Gaa ......... 12. 0 0 i . — Union Steam (ord.) I 3 — Union Steam (pref.) 1 0 10 . "7 . ■Taringamntn I — • * J J Manning and Co. 4 19 0 5 0 0 Sharland (ord.) 1. J J — Sharland (prcf.) .VI 2 0 —