COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2584, 5 October 1915, Page 10

COMMERCIAL ITEMS

• .' There , wctO'-no .traiiractio'ns .recordcd'.'m '/the! inyesttaent/market^yester<lay£;; ; The Quotations "were' .'as, f 0119W.:—,.!'. ■■1.. ... ..•..Buyers;'. Sellers. '■ " -'/::Y'!£ s. d; ';,/£.B.'d. ■--■ National Bank .4-90 .■ ■<.: Bank N.Z. (£3 fis. 8d) ... - , 10 6 J .'■.Olich. Gas v (£s) 1( 7 8 6 ;'7.10j0 Well. Gob (prof.) - 10-0 Gear 3l«at (£1)" 4 8 0 . , Well..MeatF,x.'..(nlfe. W.-.-'r-. .. 2 17,0 • ■:.s iOmon Steam. (ord:) 6-'-'- - . .'-Union Steam (pref.).ol9ll •Well. Woollen (ord.) * 5- 0' 0 . : : •• — 1 ■ Well'. Woollen (pref:): ~:i . S 0 ■ r.'. :: : 4 15 0 : .- -'-V. l . .-JT.Z.' Coo.-.Rental 10 0 ■ N.Z.Drug .' '. ". ' —/•; -' 2 '5 0 : Golden . Bey; Cement. 0 19 0- . .0 19 -9 N.Z. Paper Jtilie ....J*.0.16 6 , Ward and Co 5 5 0 — BKITISH BANKS AND THE WAR ''' Statistics' covering . the operations•' of:.the V leading banks ' of the' United' Kingdom'. <!e- ---; inonstrate that doling - .the. < first'- .twelve months' of fthe war the. gain- in -deports woa equal to no less than . 21■' perycent.', ' 'the aggregate at June 30 -last;' ; being

•£1,022.000,000. : -> Of"'the...additional .amount deposited the banks kept in hand, or. at 'the Bank of; England,, nearly. £96,000,000,,m----vtsements underwent the substantial expansion of £59,000,000, and ; money at call, bills 'discounted; and:' advances showed ; a rain of approximately. £26,000,000.. .The joint stock ■- ■'banks- purchased; close upon £250.000,000 of Treasury bius.. aswell .as £60,000.000 of Government 'loans, in addition to depositing at .the- Bank of-.England the considerable >sum mentioned, from which at-,will be Seen''that these institutions have been of .-material aid; to the.-Government, in its financial undertakings., . All tno 'seihe.v the -bulk 1 - of the :.money _ required to -meet wrir .'expenditure : of - i; £7SO,CCO,CCO _ had -been provided • out of' th© new ana l private "savings of '.individuals* "only • ly. limited 4 proportion being , contrbutcd, by bankers 5 oufc; of > 'funds'' .previously - r accunru•ldted ; bT.the. nation. the xela.Uvely'. low-rates' of interest Tyhicn woxo current throughout the months,-tno .profits• ofl.tW banks)were, larpe,- but-;in \view.;of-the ; decline"in-values of securities imostN the gain had to be appliGa._in .making, allowance;- for . depreciation, • .although, in..occasional instances; there were reductidnsf ini dividends. 1 ,

;;.! ; wiIOIiBSALB PRODUCE PRICKS.-' ; Laery. arid "Co., Ltd.,' Allen Street, report .'wholesale, produce prices" aS follows :-r-Fo\vlS;- wheat, •prime," 65. - - to os., W.; 'barley, fe.j .Cape' barley, 69.;' -feed peas, prime, 6s. Jd.: good. €s.; Prussian 1 blue peas, ftsr6d-; partridge peas, 6s. 6d.; maize, feed, 55."3d.; seed, 6s.C 3d,; oatenshedf chaff, .£7 10s; to £8 10-3.; hay, £6. to £7 10s.;. floiir, in eacks",'£l4;' oatmeal, £22; bran,, £6;. pollaTd, £7;,ric©\ pollard, : £6 155.; ricemeal, £6 55.; onions; California!!, £14 10s.;, seed potatoes, ■ Princess Victoria and British' Queen £6 10a., Up-to-Date, :£6;' bacon, eides; 10d.; hams, 9id.; shoulders,-7Jd.; rolls, lid.; .cheese,' medium, aid.-; linseed'meal, £19 10s.; linseed nuts and linseed cake, £14; .whole -linseed, £17.

Customs duty collected at tlic port of Wellingtoa. yesterday amounted" to: £1529 5«. .2d. ' r :-,■ ;' :

LONDON WOOL SALES .', v 3ressrs.-'/Dalgety'iand Company, - Limited,' Wellington,'.advise ha-ving received tiie following cablegram from-tlieir London house, under.date October :l;rrThe sales closedfirm.-, As compared with . July... sales, the' closing, rat-ee .for -good':merinos were in, :seUerV|:-.favourj:-whilst,'.other 'sorts were 5 :peri.centi"to.lo per cent.: lower;'.fine greasy crossbred, bright, 5' per cent'.'to 7J per cent, •deifer;-:medium;/s:per-cent. dearer; coaj,se, par;, shabby, 5 : per 'cent. lower;, .scoured Tcrossbred,; fiheV-5 rperfcent. lower;, coarse, ; 7i'*per 'cent.«Nto 10< per cent, lower.: SUpes \haye-, deolinied'-:'from-15,-'per cent, to 20 per cent.'; ' good merino,-:par; inferior, .5 per cent.-lower; 'crossbred lambs, lO'.per.'eesti:lower;'.': 124,000 '.bales have been bought for ,thp.i.HoineiVtrade;'.'7ooo... bales..for. the. Oon-l tineh't,'.'aiid': 15,000:, bales for; America;, 48,0C0 bales .are being : carried: forrfard for the noxt series., '■■,

/ Messrs. Levin and, Co.. Ltd., • ..have : received the. following Mblegram from their .'.London ..dgentsi: .dated' October'. 1 -—"Greasy crossbreds closed: steady;'merinos are un-. changed. *. SBpes. are 15 . per: cent., and scoured :-:crdssbreds yiffl per cent.- below July..rates." • * '. . v>. HIGH COMMISSIONER'S CABLED MAKKET BEPOET -'■'The '. of 'Agriculture,' Industries,.'and...Oommerce'.lias received ;the fol- ' lowing icablegTam - from 'the High • Oommis-: Bioner for New, Zealand, dated .London, ,:Ootober 2/.'-' (Note;: Quotations, unlessbther:Wise - specifiM,- .-.aioi average. market • -prices on* spot)'• '. .- ,-■. . ::. ■ better demand for mutfcoii,.':;6wmg :to. loss chilled: beef- and- colder weather;-ibut '.there.ds no' change in. .prices. -'--iMutton.—Oauterbury, 1 3-Bd. per lb., fpr ■light-weights; .:heavy-weights, .7d;;". otherNew; . Zealand: brands ■ mutton : cannot -. be quo ted ;'ewes,'s.?d.to 6d. : per lb.-' •,f Lamb.—There: .-has .been ..no ■ alternation in the damb 'market■ since; last week. A good :ttemand : continues;' Canterbury, 1 two's',. BJd.' per. lb.;- heavy-weight four's, 7Jd.; .'seconddriss qiialityn,lig-ht-weiglit, 7Sd:;i other. New 'Zealand brands, lamb Bid. for,bert'. duality .light-weight;.^ordinary.quality,'.? 13-16 d. ; r : Beef.—There l .is only very low quality cow beef . available, ; 'and lis'- selling at-fiinds, <n'L. per. lb.; fare.., ..Sd.;, chilled, hinds,. Bid.;. .' : v' v;' ' .'Butter -market - is. .firm for - best quality.'.; .i Danish, quiet;: .per...cwt.,, 1925. to 202s.;'Siberian, a brisk'.denwnd for finest. I Low grade.. quiet, , per. cwt.. '1365. to . 1425.; Irish creamery,-1765.-'to 180s. ■ ' ' , - , 1 . Cheese.—The market'is quiet, and prices ■are elightly'.weaker,-with only, a moderate 'demand 'during, this week.- Canadian, ,'lvhite,. 'per: cwt., 765.; coloured,- 775.; .'Now,■ •Zealand,, white,, 76s.;.coloured; 775.; EnglisliCheddir. and Cheshire,. firm, S4s. '.to .'.963.: UnitQclv'Statcs, 72a. to ,745.: . fair to-, good quality.'-'{Os.-,.to'-705.; : , Canadian and.'United States cheese;" st-ocke a-t London,; Liverpool. Bristol,\on---'October 1, 313,000 boxes, against 169,000'-at 'the:' 'year.; . New Zealand: abd •"Australian -cheese stocks at London.; end '.Bristol,- 11,200:' crates, .against 22*0 last year. • '. . ■■ : '. v Hemp.—The maTket is firm, 'but'.little' is doing. -: Manilar new. graded, ■ fair,', per ■ ton, on spot, Oc'ttber:;itol. December shipment, f3B.los;':;The.;ontput. from 'Manila' for-tho week..'was 23,000..bn'.e5.*. 1 '

. -Wheat.—The' ■ market:-!'? firmer on.account of .shorts covering, and better .demand, from 'new ; crop, Sentember t,o Novcmber'.- sliipment,-. p'o.i- quarter, r47g., 9d,;\Am6rir?n';;:AußUst .to. 'September: shipment. 495. -.6d. - * • • •

Oats.—The market'is firm, on .account.of t.he» . buying"Argentine on . spot, "t. 3K;,-;October ;,to'« December shipment,u:OXi:■ vri. ; I- - PeasATherev'"-is • Tfther : more inquiry. New ' Jfaples, about 655. for Septornlier sliipment. ; '. *The; reni/iimng wo-Tds Tecarding hemp tire unintolligiWe. ;A: ; i'epetitinn : has been,-, asted : for, and the .i" formation : will be published' .when'received.;

. ."Brother Jonathan," ' tho popular nickname for the United States, comes from Colonel Jonathan Trumbull, who was .Ge6r"e : Washington's: secretary; For Bronottial Coughs and Golds, Wood' Great Peppermint Curo, Is. 6i,