COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2464, 18 May 1915, Page 8

COMMERCIAL ITEMS

INVESTMENT SHARES. In the investment market yesterday sales wore recorded of Golden Bay Cement at 215., and Auckland Trams, ordinary, at 21s. 3d. The quotations were as under:— Buyers. Sellers. £s. d. £e. d. Bank N.Z. (£6 Us. 4d.)... 17 2 6 - National Mortgage — 4 2 0 Well. Int. 'I'. unit A 0 11 3 0 11 6 Well. Trust, Loan, Ltd. ... — 711 6 Well. Dep. aud ilort. ... — 0 8 4 Union Steam (ord.) — 14 6 W.F.C.A. (£5) - 6 5 0 Custom* duty oolected at the port of Wellington yestorday amounted to £1941 I7e. 4a CITY PRODUCE PEICES. Mcssts. Laery and Co., Ltd., Allen Street, report wholesale prices as follow:—Fowls' wheat, prime, 76. 7d. per bushel; fowl 1 !' barley, 6s. 3d.; Oapo Barley, seed, 6s. 6d.; feed peas, prime, 6s. 6d.; partridco peas, 7s. 6d. per bushel; Prussian blue peas, Bs.; maize, 6b 6d.; oats, 4s. 6d. to 4s. Bd. per bushel; chaff, oatensheaf, per ton, £8 10s.; hay, £7; flour, in sacks, £18; oatmeal, £22; bran, £8 155.; pollard, £10; onions, New Zealand, £6 per ton; potatoes, white skinned table, £5 to £5 15s. per ton; l.aeon, all beet factory sides, 9jd. per lb.; hams, 9id.; rolls, 103 d.: shoulders, bacon, 7jd.; cheese, factory, medium, BJd. to 9d. per lb.'; superphosphates. £5 55.; bonedust, mixed, £6 155.; linseed meal, £19 10a.; linseed nuta, 14s. cwt.; crushed linseed cake, 14s. cwt. HOULDEK LINE. The report of the Houldcr Line, Ltd., for the year ended December 31, 1914, statog that the trading profits, including income ou investments, amount to £158,621. The iuiiuranra fund has been charged with £4174, being the claims and returns in rasped of the premiums received by the company on lines underwritten, and a similar amount has been 'transferred from profit and loss. After charging amounts expended on general management expenses, repair,} and genoral maintenance of tho fleet, and debenture and other interest paid and accrued, directors' remuneration, fees of trustees and auditors, there remains a oredit balance of profit for the year, £82,041. In accordance with tho provisions of tho debenture, trust deed, an amount equal to 5 per cent. per annum on tho -apital value of tho fleet is transferred to depreciation iund, which absorbs £45,819, leo.ving a balance of £36,222 to credit of trading aocount for the year. Tho directors regret the lose- of the twin-screw steamer La Cor.rcntina, .which vessel w-as captured by the Gorman armed oruiscr Kronprtnz Wilhelm on October 7 last. The insured value ol the ship'" is included in tho assets, and the money has since been received. Owing to the restricted war riiska insurance arrangements in operation at that time, thcro is a, loss of £4188 to write off, representing the difference between the written down value of tho steamer and the total amount of war risks instance effected with the clubs. The directors are now considering the details of a scheme for tho reorganisation of the company, u-ud will shortly submit their prosposala.

HIGH COMMISSIONERS' CABLED MARKET REPORT.

The Detartment of Agriculture, Industries, and Commerce ha 6 received the following cablegram from the High Commissioner for New Zealand, dated London, May 15, 1915. (Note—Quotations, unless othei'wisc specified, are average market prices on spot):—

Mutton,—A fair demand continues, and prices are firm, partly owing to purchase for the Government of Australian and New Zealand mutton, Canterbury, 6id. j>er lb.North Island, 6 l-16d.; ordinary quality I

Lamb.-The market is weaker and slightly lower. Canterbury, twos, 7 13-16 d. per quality Md' auiLlity eight; second Beef.-New Zealand beef is not quoted, inc Government has purchased large quantities of best quality, and there ia only inferior quality for sale at the market. Chilled, m good demand, hinds Bd. per lb.* lores 6£a

Butter .-The market is firm at the advance. Danish, in fair demand, 1545. <o 1565. per cwt.; New Zealand, prices firm, 140s ; to 1445.; Australian, 134«. to 1385.; Siberian, 1325. to 1345.; Irish creameries, 140-, to MZ..; Argentine, 1345. to 138s. Cheese.—The market is very firm. Canadian white, per cwt., 965. to 963.; coloured, 945. to 965.; New Zealand, market advancfood'ly; white, 935. to 955.: coloured, 935. to 945.; United States, last season's ™£kc, and coloured, 90s. to 9?s. Hemp.-The market is quiet, and prices are slightly weaker. New Zealand good fair grade, pei ton. £32 10s.; fair. .«0 10s.; fair current Manila, £39; May to July, good ™„ r ' 42 ■ ' a ' r current Manila£3B. The output from Manila for the week was 26,000 bales.

Bops.—l he market Js firm on account of more confidence in Government proposals concerning liquor traffic. English, per uwt.. 100s. to 755.; Californian. 95a. to 655. -,? r ?,? a^ The is rather unsettled. (JLutllated word) owing to report concern*! favourable American crop prospects, and buyers are cautious. Canadian, on passage, 675. pel' quarter; May to June. 645.; American, July to August, 555.; Argentine, on passage, 635. Oats.—The market is quiet, and prices aro slightly weaker. Argentine, on 6pot 28s. per quarter; May to June, 295. Wool.—The market is firm, with an improved demand, and the decline has suddenly stopped. Sche6lito.-~Quotations foT scheelite range from 325. to 335. per unit. FROZEN MEAT (By Telegraph—Press Assn.—Copyright.) London, May 16. Th« Incorporated Society of Meat Importers' Smitlifleld market quotations for the undermentioned classes of frozen meat ore based oa actual sales of not less than one hundred carcasses of mutton or lamb, or twenty-five quarters of beef, of fair average quality. The quotations ore not for selected linos, but for parcels fairly representative of the hulk of the ship, ments now on the market. The p.riccs which foßow are on the average a farthing per lb. more than the values ex ship this difference representing the average cost in expense, handling, conveyance, and selling of the meat;— _ Now Zealand Lambs.—Bost Canterbury 1 North Island. 7id.; selected' 7 13-16 d. Australian Sheep.—Light and heavy, Australian owes, 5 3-Gd. New Zealand and Australian Boof— None offering. Argentine chilled beef, 6»d. Prices for other meats unchanged. LONDON ItAEKETS. London, May 16. The wheat market is dull, owing to weakness in America. Chicago, May option?, 152 cents to 155 cents; July, IT7J cents to 1251 cents. Jute—May-June, £19 10s. Hfmr.—May-July, £33. Copra—May-June, £23 10s. Rubber—Para, 2s. 6 3-Bd.; plantation. 2k 4Jd.; smoked. 2s. 4 3-Bd. ' Bar silver iB quoted at 23 11-16 d. per ounce standard. Dairy Factory Managers should get particulars of the colebrated Victor Chctso Vat. Everyono that has used a "Victor" says t'hey aro tho best made. Albort ,T. Psrton, Dairy Specialist, Carterton.