COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2413, 19 March 1915, Page 8

COMMERCIAL ITEMS

INVESTMENT SHAKES. ' Tho pales recorded in 'the investment market yesterday trero Bank of New Zealand (old), £10 193. and £11; Union Steam (ord,), Ms.; Union Steam (pref.), 20e. 9d. Tlie quotations were os follow:— ' Buyers. Eelleis. £ a. d. £ 6. d. ' National Bank — f Ijj ® 3k N.Z. (£3 6s. Bd. pd up) 11 0 0 11 2 6 ■N.Z. and River Plate 2 0 0 - i .'iWcU. Trust Loam, Ltd. .. 7 8 0 — iWcIL Gas (£10) 16 2. 6 - • IChristchurcli Meat — 16 15 0 S.Z. Shipping (pref.) 10 10 0 — Union Steam' (ord.) 1 J 9 14 3 ■Mosgicl Woollen 315 0 — Well. Woollen (pref.) 3 3 0 — ■ ' 'iWestport 112 9 . iWeatport-Stockton -- . J6 1 •Golden Bay Cement 0 19 6 10 6 'Manning and 00. *1* 5 0 0 Sharland (pref.) 13 6 ' ~~ .Ward and Oo . ~7 _ 6 ® 0 • 'D.1.0. (pref.) i 0 5 "c T . W.F.O.A. (£5) - - 650 | THE MONEY MARKET. Writing on tie money market, the "Nctt f. ' Zealand Trade Bevfew," issued yesterday, ' B ?Joncy continues to floiv into the country i from the realisation of our season s produce to a very considerable amount, vnile our imports ,c.re on a lighter ecal© than for f=omo time past; consequently the ; hank's' coffers ore well replenished and thore is an ample supply, of funds aTail- - -flbic" for all ordinary trading purposes, i }kuiy fo.rmcrs and others have big credits ! - jw.wfnv whicli they eeek investment; os a liquid form 'of' security is desired in many i ca c es, good sound Bhares are id demand, osd -values of ail good investment stocks fijo firming*

•- ■ t With the end of February we completed n ve months of the current export season, j nd-'. the value of out exports for this . briod readied £12,750,154, as compared *- ith £9,458.158 for the corresponding period t E lost season, which is an increase of 4 3,291,996. It must be' remembored that we re enjoying a very early season, and ie returns from now- on may not main- 6 lin last year's level, still a record tAtal 1 >r tho season i 6. confidently anticipated, y ho outlook, therefore, is decidedly satis- . lotory, and the supply of funds for all enoral purposes should, bo ample for some J [me. ', ' . f Customs duty collected at the: port of 'elliugtoil yesteiday amounted :to £E199 ' i. Bd. } STtrnJAli LIFE-CITIZENS' ASSURANCE c COMPANY. [By Telegraph—Press Assn.—Copyright.) ( . (Hec. March 18,. 8.5-.p.m.) < Melbourne, March 18. The annual report of the Mutual Life- r itlzens' Assurance Company states that 10 new business for. 1914 amounted to J 2,003,040, and that the, funds had lncreas- ( i by £594,803, the average interest yield f the funds invested being £4 16e. Bd. per , entumr , — './ ' • ' < LONDON WOOD SALES. ( KEEN COMPETITION. .. ' < London, March 17. < At the "wool sales there ! wa-s • com* i etition for crossbreds, priccs being m ] oilers'* fa.Tour. Merinos .\vere firm. Tn© allowing prices were for portions j f the.clips named:— "Kenya/ top pric« 1 sid„ average 15gd.; "Kye&mba. j!sid. ana Ud.; "Acoe," UW and' 13 3-Bd.; "Idas, 13d. < nd; ' llid.; "Nanima," 12id.* and llgd.; I CoanclowD6." 27d.. and 26|d.; • •"Bowen >owns," 15d. and' 13Jd. New Zealand— t Panikau," 18d. and 17Jd.; "Leffleld, 17Jd. ,nd 16Jd.; "ItecJiburn,", 16ti. and 15£ d.; [ Awanui-," 18d. and 17Jd. [IGH COMMISSIONER'S, CABLED REPORT The Department. of Agriculture, Indnsries, and Commerce has received the flowing .cablegram from tho High Oommisioner for New 1 ZeaJand» dated London, {arch 16:—"The wool Holes. ha 7© com- 1 cenced. The market looks very strong; j here axe a.number of bnyera at top .prices 1 or crossbred /vtool. A continuance of ; ligh prices expected for all grades of > nedium and coarse crossbred 6, 'the market or .which has advanced 3d. per lb. On ho • average, other wools' are firm' at last [UOtation6.'.' . . ' : J The Bank of New Zealand hfl-s received he following cable advice from its .Lonlon office, dated March 16:—"The. wool ales opened firm with strong competiion. Prices for croe6breds are on tho • average five per cent.- dearer. Prices for , uperior merinos are unchanged, and for aulty kinds prices are easier." Messrs. Daleety end Co.,' Ltd., have reeived the following cablegram from their . jondon office "under date Maroh : 16"The , larch series of ealeß opened ""with a good election and. a large attendance of * buy- ( ts. Competition is good. Compared with losing rates of last sale, merinos aje firm ind unchanged, except faulty descriptions, . vhich are 5 per cent, lower., • Crossbreds ire from par to 5 per cent, higher. Ameican buyers are heading back pending tho hipment of their lafit purchases." . SYDNEY WOOL SALES. (By Telegraph—Press Assn.—Qopyright.) (Reo. March 18, 10.25 p.m.) Sydnoy, March 18. This' week's • wool sales closed with tin" ibated competition at yesterday's high • evels. All better classes maintained their . railues.. - ' MELBOTJUNB WOOL-SALES.' • (Eec. March 18, 8.5 p.m.) Melbourne, March 18. The-wool 7 sales have closed at extreme rates-for the better-class merinos: ITie . mlGig rates during the week were fully maintained. AUSTRALIAN PRODUCE MARKETS. (Rec._ March 18, 10.25 p.m.), -. Sydney, March 18. Oats, -Tasmanian sa. 2d. to' ss. 3d., New Zealand "A" grade Gortons ss. Id. to ss. 2d., "B" gTade 55.; barley, Cape feeding ss. 6d;,'Engl&li : 6s.;.maize, yellow ss. 3d., white 4s. 10d.; potatoes, Tasmanian £7 10s. to £9; onions, £7; butter, selected 1165., secondary 110s.; cheese, 7d. to 7id.'; bacon, Bd. ' * Adelaide, MaTch 18. Wheat,.Bs. Id.; flour, £18 to.£lß £s. (the price of bread has been raised a halfpenny per loaf to sd. in the shop, end sid. delivered); bran, to 2s. Id. j pollard, 2sl sd. to 25..,6 d.; oate, feeding 4e. 9d. to ss. : 'MELBOURNE HIDE SAM. (Eee. March 18, ■ 10.25 p.m.) Melbourne, March 18. ;'At.the hides sale, there was' a moderate, 6upply, and prices were a farthing to 3-Bd. lower. LONDON MARKETS. . London, March 17. The wheat market is steady, but quiet. Linseed oil, £34 per ton. Turpentine, 40a. 6d. TALLOW SALES. . London, March 17. At tie tallow sales 786 cqbks were offered, and 110. sold. Prices realised: Mutton, fine, '43a. 6d.; medium, 395.; beef,.fine 44e., medium 38s. 6d. The New. Zealand Loan and Mercantile Agency Co., Ltd.,' haye received the following cablegram from their London house, under date March 17We quote present spot values for the following descriptions of-tallow:—Fine mutton, 41s. 3d. per cwt.; good beef, 40s. 3d. per* cwt.; mixed, 375. 6d. per cwt. The market is dull, with downward tendency. METAL MARKETS London, March 17. Copper.—On the spot, £66 7s. 6d. to £66 12s. 6d. per ton; three months, £66 12a. 6d. to £67 2s. 6d.; electrolytic, £72 to £72 10s. Tin—On the spot, £190 to £190 10s. per tori; three months, £170 16s. to £171 ss. ' Pig-iron, 625. 6(1. per ton. Spelter, £22 10s. to £23 10s. per ton. Bar silver -is quoted at 23 15-16 d. per ounce standard. ■RECORD PRICES," AT ; NEW ZEALAND WOOL SALKS.. Wonderful prices have heem obtained at the. Wool -Sales in. New Zealand throughout the present season; and at th 9 Tecent Wellington' Sale, : which concluded the regular series, all previous records were' eclipsed by a sale of 22 bales on behalf of Mr. R. Adamson, Hokitika, at 16id. per. lb. It is interesting to trace the record prices, for greasy wool in New. Zealand during the last few years. In 1906, ithe Pahau Pastures Estate, Culverjien, got 15d. per lb. This constituted the New Zealand Record until 1909, when Mr. J. E. G. Simpkinson, of Ashley Bank, North Canterbury, obtained 15Jd. per lb.,- which remained the record until this season, tho present record being, as above mentioned, IGJd. per' lb. recently seoured by Mr. R. Adamson, of Hokitika. It is noteworthy that all these recordtakers from. 1906 to 1915 were usors.of Little's Sheep Dips. Little's Combined , Dip (Fluid and Powder used together) wa3 used on Ithe Pahau Pastures Flock, and Little's Powder Dip was need by Jlr. Simpkinson. and Mr. Adamson. During the present season, users of Little's Sheep Dips have taken the top price at each of the following wool sales: November 21; Christchurch, Do cember 7; Dunedin, December 23; Christchurch, January 11; ChristchiiTch, February 8;' Timaru, February 18; and Wellington, February 25. At ChristchuTch, or December 7, five farmers itied for toj pi-ice, and four out of the five wore user) of Little's Sheep Dips; three -of then using Little's Fluid, and one Little': Powder. 1 Chief New Zealand 'AgentsBlackburne, Smith and Co., Christchuroh —Advt, '.