COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2630, 27 November 1915, Page 8

COMMERCIAL ITEMS

INVESTMENT SHARES; . ' There were no transactions recorded in investment shares yesterday. The Quotations -were as follow:— . • Buyers. . Sellers. £s.d. , £s. d. National Bank r-r; Ji <2 5 5. 4 0 Loan & Mercantile (ord.) 79 10 0 . — Well. Invest. T. and A. ... — 011 0 Well. Trust, Loan. Ltd.... - 7 6 6 N.Z. .Shipping (ord.) — II 0 0 Union Steam (ord.) 14 1

Taupiri Ood — 015 6 N.Z. Drug — 2 5 0 Golden Bay Cement — 10 3 AUSTRIA'S WANING TRADE. . In the value of Austria' 3 trade tliero was an estimated contraction of £68,000,000, or over 60 per cent, during tho earlier lialf of the current year. The uren.test follingo/T in raw materials occurred in grain, seeds, 'cattle, hides, and skins, materials for the textile industries, and coal. Among serai-manufactured poods, cotton yarns Rlono showed an increase. Under manufactured articleß tho falli«g-off was general, but it was most marked in machines, textiles, articles of dress, rubber goods, instruments, and w&tcheß, vehicles, iron, metal goods, and mineral • oils. The* export? of wholly manufactured goods declined about 60 pel* cent.,' as compared with tho first six months of 1914, tho decreases being especially marked in refined sugar, textiles, and articles of dress, wooden goods, leather, glass, iron, n<nd industrial 'metals, machines,- ohemicals, and t paper wares. Under the heading of semi-manu-factured goods there were decreases generally, but more especially in yarns, leather, wood (partly worked up), and fats. Tho decreases in the export of raw materials were cliicfly in.- cattle and animal - products, sucih as hides, skins, eggs, and feathers, and in undressed timber, mineral fuel, and raw wool.

COMPANIES REGISTERED. - The "Mercantile Gazette" published yesterday records the registration of the following companies:— . Letherine Co., Ltd. Registered' November" 19. • Oilloo: Perry Street, Masterton. Capitol: £2000. divided into 2000 shares of £1 each. Subscribers: Masterton—W. Peel, T. E. Donald, D. Gaselberg, T. Wagg, J. B. Johns, E. J. Brown, G. W. Bellar, all -50 shares each. Objoots: To manufacture, etc., an improved leather dressing i'nvented by T. Sandlant, and called "leatherine.' North Blockwater Development Syndicate, Ltd. Registered November 19. Office: Reef ton. Capital: £50,000 divided'into MOO sharc3 .of £10 each.' Subscribers: Tiraa.ru— W. H. Walton, 25; A. Scott, 140; J. P. Newman, 20; W. K. Mac Donald, 50; J. E. P. Oameron, 100; Marga.;-et. Scott, 10. Pukaki— D. P. Macßae. 60. Objects: .To adopt and carry into effect an. agreement dated November 15, 1915, and mndo between L. R. Ziman first -part, D. Ziiran second part, and O.Graham on .behalf of. the company, of certain rights or options to puiv cha.se certain special claims and other mining privileges situate at Waiuta, Westland, and known as tho North Blackwatcr , *•

Kinross White, Limited. Registered as a [Private company :October 29. ..Office: Napier. Capital,- £4000,-- divided ■ into 4000 shares of £J each... Subscribers: William Kinross White, 35C0-, 'Sarah Hyde White, 500. Objeots: To acquire, as a going exjn-' corn the goodwill and alior any part of the assets of the business- carried; onj by William Kinross White at Napier under the name of "W. Kinross White," and to -carry- on the businesses -of general merchants, wine, and spirit merchants, dealers 1b ships' goods a.nd stores, etc. Roaohs', Limited. Registered aa a, Private company October 19. Office: Heret&iuiga Street, Hastings. Capital, £30,000, divided into 30,000 shares of £1 each. Subscribers: G. F. Roach, 13,500; V. R. Roach, 6000;' Bertha Roach, 2C00; G. H. Roach, 1CC0; E. R. Roach, 1C00; H. B. Roach, 1000; C. Masters, 500. Objects: To eaTry on in any. part of New Zealand the business of drapers and furnishing and general warehousemen ill all its branches. < :

. 3;. M. 'Isitt, Ltd.' Registered as a private company November 17. Office: 633-5 Colombo Street, Ohxistchurch. Oapital: £6000, divided into ICOO preference, 4200 ordinary, and 800 deferred shares of £1 each. Subscribers : Auckland —A. 0. Caughley, 1"C0 preference; J. C. Spedding, ICO ordinary. Ohristobureh—li. M. Islfct, ?255 ordinary, 800 preference; A. M. Isitt, 13C0 ordinary; JL Oow (Tinwald), J. E. Broughton (EouthbrMge). G.'Bowron, G. J. Smith; ani W. Jamiespn, all of. Christehureh, 100 ordinary shares each; P. H. Christian, 20 ordinary; and W. W. Isitt, 25 ordinary. Objects; To acquire and crrrry on the business of booktoliers, stationers, etii.. lately oarried on byL. M. Isitt at. Christchurch. .-

Customs duty collected at' the' .port' of Wellington . yesterday amounted to £2034 17s. 2d. -

WOOL, SKIN. AND HIDE SALES. Tho fortnightly sales of wool, skin, and hides were held yesterday.

Messrs..'Dalgcty and Company, Limited, reiport having offered a good catalogue of ,#kW9 and hides, wool offered principally consisting of bag lots. Competition, when compared with last sale, was dull, no doubt owing to a number of outside buyers being busy with the main wool -sales. Skins were lower by from id. to. '}d„ and hides also showed a decline of from id. to id. Tallow was firm at late rates.

Messrs: Levin and Company report:—ln wool only a few fadges wero offered. Wool is being held for. tho sale on December 10. The sheepskins market was Arm, and there is no change to record. Hides wero slightly ewrfeT, and tallow was'firm.

The New Zealand Loan and Mercantile Agrency Co., Ltd.; report:—Tliero was a Eood demand lor skinii. and. hides, but at a. lower range of . prices .than ruled last sale. Skins and hides were from Jd. to Id. down. Bags ajid odd packages: of wool sold readily-at'market rates. Tallow arid flat sold at Is. to 25.. per owt. advance on late rates. j Messrs. Murray, Roberts and.Co. report:— We offered a catalogue of 4800 sheepskins, 1100 hides and oalfskins, and oddments of tallow. Some of the usual buyers who attend our sales wero not represented, probably owing to the wool sale at Auckland on Thursday. . Prices for sheepskins were the whole id. to jd. per lb. lower than last sale. Hides were.hardly so high in the heavy sorts as recently, being jd. per lb. on the average lower; light-weieht hides, however, fairly maintained the level of last sale ' Tallow showed' an advance of £1 pe" ton. Messrs. Abraham and Williams, Ltd., report:—We offered a fair catalogue of >all classes of produce.. There was good competition, and prices remained' firm, except for skins, which wero somewhat easier.

Messrs. W. and 6. TurnbuU and Oo„ Ltd., report that • sheepskins and hide?-sold at prices on. a par with late rates. Tallow vtas up to 3s. per cwt. dearer. Sales were also held by the Wairarapa i termers' Co-operative Association, and the Qjiited Farmer*' Co-operative Association. The range of prices was as under-.— Sheepskins, Ud. to Hid.; fine crossbred, 115 cl to 113 d.; medium to coarse crossbred, 10} d. 1o lljd.;'short to half-wools, s)d. to 9M.s dead and damaged crossbred, >il. to 9Jd.; inferior and badly -damaEfid,- Id., to 7d.; lambs, 7d. to 10|d.; damp. salted, and green. 4s. 3d. to 10s. 10d.; pelts. Is. ?d. to 2s. 94. Hides.—Ox, heavy, IOJd.; ox, medium, 10Jd.; ox, light. lOd.; cow heavy, B}d.. to 95d.'; cow, medium, 83d. .to 9d.; cow, light. B}d. SU'd. to BJd.; cut. slippy, and inferior, 3d. to Bd.; bull stag, 6d. to 73d.: yearlings, 6d. to 75d.; calf, superior, 95d. to 10Jd.; calf, medium, 9d. to 9Jd.; calf, damaged, 2d. to 81. Tallow.—ln casks. 265. 6d. to 28s. 6d.; tins, 225. to 255. 3d. BANK OP ENGLAND'RETURN. IBy Telegraph.—Press Assn.—Copyright.) Eec. November 26, 6.15. p.m.) London, November 25. The Bank of England return issued for the week onded • Wednesday, November 24, is as. under:— • ■ Ibsue Department. . . Note Issue i 70.713.000 Gov. debt .... £11,015,000 Other securi- . . ■ 'ties ... •... " 7;434,000 ■ . Gold ...•; ... 62,294;000 . ' J570.743.000 £70,7J8,006, ! Basking Department. .. Proprietors' • ■ Gov. securi- .. . - capital £14,553,000 tios... ... £18,855.000! Fubliodo- Other sccuriposits ... 53,140,000 ties 98,161,000 .Other deposits - 86,619,000 Notes 37,441,000 Host,7-day and other bills ... . 3,265,000. Coin 2.164.000 ±156,616,000 . £156,616,000 The leading items of the Bank of England return afford the following comparison:— This week Last week Lastyear Bullion 62,204.000 53.413,000 71.619,000 Beßervo ... 39.605,000 59.C06.000 55.358.000 Note Circulation 33.302,000 33,014.000 35,315,000 Publio Deposits 52,149.000 50,182,000 18,691.000 Other Deposits 86,649.000 91,676.000 156.4G3.000 Proportion of reserve to liabilities 27.40 27.49 31.60 GOVERNMENT SECURITIES. The following are the latest quotations for Colonial Government securities in comparison with those ruling last week:—

*£58 10b. to MONEY MAHKET. Tho Bank o! Krlßlaxd discount ltvu »e« if a JanuiM. 2, 19M, reduced, torn & to tb

per cent., on January 22 it was reduccd to 4 per cent., and on January 28 3 per cent. On July 30 the rate rcflfi raised to 4 per cent., and on July 31 it was raised to 8 per cent., and on August 1 it was further advanced to 10 per cent. On August 6 tho rate was reduced to 6 per cent., on Auuust 7 it was further rcduccd to 5 per cent., at which rate it now stands. The Bonk of France rate is 5 per cent., as against 4 per cent, prior to the war. OPEN MARKET : RATE. The open market discount rate for three months' bills is' 5i per cent., as compared with 5) per ccnt. lae tweck, and 2J to 23 per cent, last year. Short loans aro quoted at 45 per cent., as against 4 3-8 per cent, last week, and lj per cent, last year. COLONIAL AND OTHER PRODTJOE. ' Wheat ia Quiet, with a slightly easier tendency. Flour is steady, but slow of salo. Oats.—La Plata, October-Xoreinbw shipment, 298. Peas are firm and unchanged. Sugar is firm and unchanged.Butter—Danish, 180s.. to 183s".; Argentine, unsalted, 1665.; Australian has been cleared at full late rates. New Zealand, 1645. to 1665. News of the drought in Queensland and New ..South W&leB is keeping prices very firm. Cheese is firm and unchanged. Maxr-arine—The trade is booming. There are enormous sales at Ib. per lb. Bradford Tops.—The market is buoyant, and there is good demand for low crossbrcds and merinos. Sixty-fours. 40d.; enner sixties, 39d.; common sixties, 385.; flftysixes. 34id.: fifties, 31d.; forty-sixes, 27id.; forties, 24Jd. THE METAL MARKETS. • Copper, on spot. £80 per ton; three months, £80 155.; electrolytic, £98 to £99. Tin on spot. £166 10s. per ton; three months, £166. Pig-iron, 725. 9d. per ton. • ' Lead, soft foreign, on spot, £23 10s. per ton; three mouths, £27 15s. Spelter, on spot, £100' iper ton; forward delivery, £90.

Variation Stock ■ „' compared Price. with last wook. £ t. d. 24% Imperial Consols 68 1U 0 "f6108lowr 4 ,,N .B. W. 1933 J an.-July MOO Unchanged 4j „N.S.\V.1930-50Mr.-Sp 95 7 6 Unchauged 35 „N.S.W. Early Curr 83 6 0 Unchauued 3 „N,B.\V.1925Apl.-Oct 78 0 0 Unchanged 4 „Vlc. 1920Jan.-Ju1y Da 2 6 7,6 lower • 84 „Vic. 1921-6 Jan.-July 01 13 0 10s bighor 3 „Vlc. 1929-49Jan.-July 76 0 0 Unchanged 84 „B,A. 1016 Jan.-July 85 5 0 Unchanged 8 ,.8.A. 1916Jan.-July 70 3 6 Unchanged 4 „QTdl915-24Jan.-JuIy 1)5 ,2 6 Uncbangol 34 „QTcUM2-i7Jan.-July W fl 0 Unchanged 8 „QTdl922-47Jan.-July 74 10 0 Unchanged 4 "N.Z. 1929 MayrNov. 95 0 0' 1/3 lower 34 " N.Zi 1912-40 Jft'n.Jly 83 7 6 i!/6 higher 3 "N.Z. 1920 April-Oct 76 0 0 Unchanged 34 '*\V.A. 1915-35 M'y-N'v 87 10 O Unchanged 3 "W.A. 1015-35M'y-Nov 82 2'G 2/8 higher 34 "Tas 1920 Jan-July 85 7 6 Unchanged 5 "'fas 1920-40,' Jan-July 76 1 3 Unchanged