COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2606, 30 October 1915, Page 8

COMMERCIAL ITEMS

INVESTMENT SHARES. In tho investment market yestorday there were no transactions. The, quotations wore as follow:— Buyers. SeHorfi. £ s. d. £ a. <L National Bank 4 19 6 — Bank N.Z. (£3 6s. Bd.) ... 10 0 0 - Loan & Mercantile (ord.) 79 0 0 — Well. Trust, Loan, Ltd. — 7 7 6 Napier G a s (£5) — 9 0 0 Well. Gas (£10) ; - 16 1 0 N.Z. Insurance 5 15 6 — N.Z. Shipping 'pref.) — 11 0 0 Union. Steam (ord.) ...... 13 9 — Union Steam (pref.) ...... 10 3 -- Tawpiri Coal 0 lu 6 Sharland (ord.) ; 13 0 — Sharland (pref.) 13 0 — W.P.O.'A. (£i) 110 Customs duty collected at the port of Wellington, yesterday amounted to £1775 4«. 9d. . ; WOOL, SKIN, AND HIDE SALES. Messrs. Dalgety and. Co., Ltd., report:— The fortnightly sale of wool, skins, hides, and .tttilow were held yesterday afternoon, when we offered a good catalogue to tho usual attendance of buyers. All good lines of sheepskins sold at an advance of Jd. to id. per lb., whilst inferior and ■ eeedy sorts" were firm at last sales' prices. Prices for wool, hides, and tallow were til so on it pat with rates ruling then.' Messrs. Levin and Co. Teport that in, wool nothing was offered except a few odd badges. Wool is being held for the opening sale of the season on November 17. The market for sheepskins was strong and. eager at ah advance of a halfpenny to three»farthinge all round. The hide market was firm. Heavy and medium ox advanced one halfpenny, light ox a farthing, and cows and calf were "unchanged. Tallow was firm. ~ , _ Messrs. W. and 6. Turnbull and Co., Ltd., report very keen competition for combing skins, which advanced 3d. per lb.; other sorts sold at rates on a par with those ruling . at the last eales. Hides sold at slightly easier prices, end tallow at better prices than last sale. Messrs. Murray, Koberts, and Co, report offering a .catalogue of 4400 sheepskins,'6oo hides "and calfskins, when they experienced keen competition. The markot for sheepskins showed a decided advance, being .from |d. to Id. per lb. higher than last sale, all round; good sound lines, of well-woolled skins being in especial request. There was also a good demand for hides at prices slightly in advance of last sales' rates. Very littlo .wool was offered—mostly bad lota—but these sold at full priceß. Messrs. Abraham and Williams, Ltd., report that keen competition -was the ' order of the day. Prices for best skins showed a further rise of a halfpenny whilst tallow also, improved upon late prices. Hides were on a -par with last eale. . , The New Zealand Loan and Mercantile Agency Company, Limited, report that a fairly large catalogue of skins and hides was -offered. Competition was keen f9r all good lots at last sales' rates, and in some cases slight .advances. Only bag wool was offered, and this met with indifferent attention. . SaJes were also held by the United Farmers' Co-op. Association and 4 tho Wairarapa, Farmers' Co-op. Association The range of prices was as under:— Sheepskins: Half bred, 10Jd.; fine crossbred, lid; to 113 d.; medium to coarse crossbred, lOd. to 103 d.; short to half-wools, 3d. to 4Jd.; dead and damaged cvossbred, Bid. to 9id.;. inferior and badly damaged, 23d. to s£d.; lambs, 83d.; damp, salted, and green,'4g. to 7s. lid.; pelts, ljd.; lambs, salted, Is. 9d. Wool: Orutchlngs, medium to good, B}d. to 9Jd'.; crutching6, seedy and inferior, 7£d.; dead, 9d. to 12Jd. ' Hides: Ox, heavy,'6olb. up; 103 d; to lid.; ox. medium, 501b. to 591b., 10§d.; ox, light, 491b, and' under. 9d. tolOd.; cow, heavy, 551b. and-over, 9|d.; cow, medium. 421b. to 541b., 83d.; cow, light, Hinder 421b., Old.; cut, slippy, and. inferior, Bid. to 9(1.: bull, stag, 43d. to 5d.; yearlings, 161b. to 2411).. 73d.: calf,, superior, up to 161b.. 10Jd.; calf, medium to good, up to 161b., 83-Bd. to 9M-; calf, damaged, up to 161b„ 4d. to.7d. Tallow.: In casks, 245..t0 265. 3d.;, in tins, 18s. td-21s. • • Sundries'• Horsehair,... M.' to . 14d.;' cow* tails, 12d. SOUTHERN .MARKETS.; Chrlstchurch, October 29. Wheat appears to have now reached a bedrock price, as there are buyere in tho market who are prepared to give 4s. 9d. at country stations. A large l}ne from Methven district has changed hands at about this "figure. There is very littlo wheat on offor, as holders havo not yet made np their minds to sell at the reduced price now ruling, Potatoes are firmer, as shippers require supplies to complete their shipments to Australia. Up to £7 and even over has f been paid as there are now few offering." Owins to the mild winter and heat in. the spring, potatoes havo "not kept as well this season as they did last year, aad are now getting very, soft.y; • ' LONBON 1 WOOL SALES. Bj Telegraph—Pre'sn Association—Copyright (E«o. October 29, 10.5 D.m.) London, October''29. At the wool sales all crossbrods and good combing merinos were in Rood demand and firm, but faulties were very slow of sale. There were considerable withdrawals. Messrs. Murray, Boberts, and Co.. LM., have received'a cablegram from their London friends, Messrs. Sanderson, Hurray, and Co., .under date, October 28, as follows:—"Merino' pood, market firm, best descriptions par ; to s', per' cent.' 'advance; crossbred greasy, medium to lino, S per cent, higher.".;.. ; ,~ . COLONIAL S#AR COMPANY, ; - (Eec.. October- 29, 10.20 p.m.) 1 Sydney, October 29. At the half-yearly meeting of the Colonial Sugar EeflnJng Company, the chairman stated that the statement of profit and loss had not been prepared, as it was impossible to include the involved transections with the Commonwealth Government in respect to Australian sugar supplies from July 1 to September 20, the directors, however, were convinced that the profits ■warranted the distribution of an interim dividend of 6J per cent, per annum. The transfer of assets in the Fiji-New Zealand new company was completed • last month. The can crops of New South Wales and Queensland were reduced by drought; rain wag greatly needod for next year's croji. VICTORIAN' PRODUCE MARKET. Melbourne, October 29. Wheat, 6s. lOd. to 7s. 7d. Hour. £17. Oats, Japanese, 2s. 6Jd.; Chilian, 3s. Maize, ,3s. 6d. to ss. Bran, £4 ss. to £4 7s. 6d. .Pollard, £<i 7s. 6d. to £6 10s. Potatoes, £13 10s. to £14. Onions, £4 to £5. BANK' OF ENGLAND RETURN. (By Telegraph.—Press Assn.—Copyright.) (Ece. Octobor 29, 10.5 p.m.) London, October 29. Tho Bank of England return issued for tho week ended Wednesday, October 27, is as under: — ISSOE Department. Vote Issue i 11,523.000 Gov. debt ... £11,015,000 Other securities 7,434,000 Gold 06,074,000 £74,523,000 £74,523,000 Baneinq Department. Proprietors' Gov. securicapital . £14,553,000 tios £18,896,000 Public de- ' Othor socuriposits ... 42,885,000 tios 09,565,000 Other de- - ' posits ... 96,670.000 . Notes..., ... 41,728.000 Best, 7-day i and othor ' bills ... 3,230,000 ■ Coin 158.000 £160,347,000 ' £160,347,000 The leading items of the Bank of England return afford the following comparison This week Last week Lastyoar £ ■■£.■■£ Bullion ...' ... 56,074,000 68,783,000 61,362,000 Eoserve - 41.886,000 44,762,000 45.210.000 Noto Circulation 32.71)5.000 32,573.000 35,113,000 Public Deposits 42,885.000 46,128,000 24.094.000 Othor Deposits 59,670.00Q 98,381,000 126,737,000 Proportion of reserve to ' liabilities 30.01 30.57 29.79 GOVERNMENT SECUKITIES. j The following are the latest quotations for Colonial Government securities in comparison with those ruling last week :~ Variation ct n »i, compared stock Price. with last week. . £ 5. d, 21% Imperial Consols 65 1 3 Unchanged I N.S. W. 1033 Jan.-July 95 2 6 1/3 higher Si N.S.W.W3O-50Mr.-Sp 95 10 0 5s lower 35 „N-S.\V. Early Curr 83 6 3 6/3 lower 8 „N.B. W. 1925 Apl.-Oct . 78 0 0 2/61ower i „Vic. 102U Jan.-July 1)5 5 0 7/(5 lower 3$ ~Vic. 1921-6 Jan,-July 91 C 0 Unchanged 3 „Vie. 192Q-4DJan. -July 76 0 0 Unchanged 34 „S,A. 1916 Jan.-July ' 85 5 0 Unchanged 3 ~S.A. 191G Jan.-July 70 2 0 Unchanged 4 „QTdl9ls-21 Jan.-July 95 li 6 2/6 higher 3i „(JTdl9.l'2-47Jan.-July 91 7 6 ■ Unchanged 3 „QTdlo2i.47Jan.-July 71 10 0 Unchanged 4 "N.Z. 1929 May-Nov. 95 1 3 Unchanged 35 "N.Z. 1912-40 Ja».Jly S3 10 0 "2/6 higher 3 "N.Z. 1020 April-Oct 76 0 0 Unchanged 3l '•W.A.1U15-35M'y-N'v 67 1 0 0 Unchanged 3 "W.A. 1915-35 M'y-Nov 62 I) 0 Unch'anßcd 3i "Tas 1920 Jan-July fc's 7 ti Unchanged 3 "Tab 1920-401 Jan-July 76 1 3 Unchanged

per cent., on January 22 it, was rcduceit to 4 per cent., and on January 28 3 per ccnt. On July 30 tho rate was raised to 4 ncr cent., and on July 31 it was Taiscd to 8 per ccnt., and on August 1 it was further advanced to 10 per ccnt. On August 6 tho rate was rcducctl to 6 per cent., on August 7 it waß further .rcduccd to 5 per ajnt., at which rate it now stands. The Hank ol France rate is 5 ner ccnt., as against 4 jfei' ccnt. prior to the war. OPEN MARKET HATE. Tho opoii market discount rate for three months' hills is 4J per cent.., as compared with 43 per cent, last week, and 43-8 per cent, last year. .Short loans arc quoted at 4 3-8 per cent.. as against 43 per cent, last week and lit per cent, last year. COLONIAIi AND OTHER PRODUCE. Wheat is quiet end obtainable at lower rates. Flour is firm at extreme rates. Oats are. firm-. La Plata, OctoberNovember shipment, 295. 3d. Peas— New Zealand Maples, 60s. to 655. Beans ure tending upwajds. Bradford Tops.—There is modcrato inquiry. Fifty-sixes, aro quoted at 31Jd. and forty-sixes at 24Jd. METAIi MARKETS. Copper.—On spot, £72 2s. 6d. to £72 12s. 6d. Tin.—On, spot, £156 55.; threo months, £15 6s. Pig-iron, 665. 11<I. per ton. . Lead.—Soft forcipn, on spot, £25 2a. 6d three months, £23 "s. 6d. ■' . Spelter,7-On spot, £74; three months, £67. Silver.—Bar silver is quoted at 241 d. per I ounce standard.