COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2688, 7 February 1916, Page 8

COMMERCIAL ITEMS

. INVESTMENT SHARES. There was no business done in investment shares, on Saturday.- The Quotations were as under:— ~ : Buyers. Kellers. £ s. d. .t is. d. Bk. N.Z. (£6 13sf. 4d.) ...16 9'o - National Mortgage ......... 3 17.0 Loan and Mercantile (ord.) ; — 82 10 0 ii./i. aiMiHiver... 2 0 '0 Well.„liive«t.i .T.-' and. A. — 0 11 0 ■Well;-Trust,"'Loan;"Ltd. — 7 10 16-0. 0 . - ,8.-.. British ... 4 17 6 — . •N:?:j-;Shipning-(ord.) 18 0 0 .— ' 'Trnjdn.-'.SteamU.lordr) 16 0 169 ■'tKaiapoi-Woollen (0rd.)... 5 5 0 — Well. Woollen (ord:) 5 2 0 — Weil. Woollen (pref.) 3 8 0 / ■ f Westport Coal 1 8 0 1 8 9 Taringamutu. Totara. ...... — 2 4 0 N.Z. iJrug 2 4 6 — Sharland (ord.), 14 3 . - — Sharland (pref.) ....: 1 4"3 — Ward ana Co. 5 10 0 5 14 0 D.1.0. (pref.) — 10 6 +Ex div. Customs duty collected at the port of Wellington on Saturday' amounted to £3230 35./ 2d. ..... . PLANTATION EUBBEK. Prom recent London quotations it appears that manufacturers of ; rubber goods' arc extending the preference, when purchasing raw rubber, to the plantation product, thus reversing the old ordiir,' which, for many months past, gave fine ' Para tho ascendency in point of market value. Up to about four months ago there existed a difference of Is. per lb. in favour of the Krazilian product; but this advantage has gradually- diminished, and buyers wore paying, for first quality crepe plantation rubber 3s. 2d. per lb., or a,'premium of 2(1. per ilb.-over the limit for fine .hard Para not so' very long ago. One of the principal causes for this alteration in preference on the part .of users is stated t-> be inceased" competition generally, 'but. a significant factor;' doubtless is the 'decision of some of .the largest manufacturers to use in -the -preparation of their made-up goods no'raw'rubber but that which is produced on plantation©, within the British Empire. . firms in England now cater for custom on the-strength of this' determination, which .is .notified by means'of big display advertisements. It is understood that the recent rise in quotations will have little Immediate effect upon the large leading establishments in Australia, which', In •face of advices from the other side prophesying lower markets, entered into contracts for the -purchase of- raw rubber -in que-ntities which, if necessary, can be made to imflice.for requirements for many, months to come. ~ - i . - WOOL,?: HIDES, AND SKINS. The New Zealand Farmers' Co-operative Distributing Co., - Ltd., report:—We held a sale on Friday of wool, skins, hides, and fat. Tho wool and skin catalogue consisted of some attractive lines, as a result competition was exceedingly good, and the prices realised show an advance on previous sale, especially for full-wdolled skins, these btflng id. to 2d. dearer. Although

competition was fairly good for hides, .there was a slight failing off in values, due to . the recently-imposed embargo, tallow; in tin 6, good quality sold up to Z46. per cwt. Messrs. Murray, Roberts, and Co. report:—At our sale on Friday wo catalogued 3700 sheepskins, 625 hides and calfskins, besides oddments of wool and tallow. The market showed a hardening tendency for wool and skins, and hides showed a slight easing in price for ox, Upws about maintaining lost sale's level, rallow was Arm. Bidding was keen, and up to 13d. per lb. was obtained for woolled skins, Tho range of prices was as follows :-Sheepskins: Half bred. 10Jd. to 13d. per lb.; crossbred, line, 13d.; crossbred, medium to coarse, 10.! d. to 123 d.; short to ualf-wools, 6£d. to 10d.; crossbred, dead and damaged,- BJd. to lljd.; inferior and badly damaged, Id. to 63d.; lambs, 6id. to ll*d.; damp, salted, and green.-3s. lfd. to 12s. Id. each; pelts, Is. 3d. to is. 4d. each; lambs, salted, 2s. lOd. to 6s. Id. each. Hides: Ox, heavy, 10£ d. to 113 d. per lb.; ox, medium, lOid. to 11?, d.; ox, light, 9gd.; cow, heavy, B£d w to 9d.; cow, medium, BJd. to 98d.; cow, light, Bd. to 9£d.; cut, slippy, and Inferior, 6d. to 83d.; bull, stag. 5Jd. t-o lid.; yearlings, 6d. to Bd.; calf, medium to good, rn n calf, damaged, 4d. to rallow: In casks, S3s. to 295. 6d. per cwt.; in tins, 235. to 255. 9d. per cwt. LOCAL WOOL SALES. At a meeting_ of woolbrokers on Saturoay, it was decided-that-the next Wellington wool sales, which were to have been held on January 25, shall be held on February 14. This decision i 6 the outcome of assurances obtained by tho buyers that tliere will be sufficient cargo space on vessels for the United Kingdom to meet their requirements. The catalogue to be offercd will be for upwards of, 37,000 bales. The' sale will last two days. The decision arrived at will be welcome new 6 to growers, . who anxious to seo their wool in store turned into money, and to brokers, who will be able to clear their stores of wool, which in the ordinary course should have been on board ship by this time. , ADELAIDE WOOL SALES. By Telegraph—Press Association—Copyright ' ' , Adelaide, February 5. At the wool sales competition was keen. Good mcriuos showed from 5 to 20 per cent, advance on late rates. LOUDON WOOL SALES. (If-ec. February 6, 5.5 p.m.) .... _ London, February 5. At the London wool sales there was a, good selection, of combing merinos and a P°?r selection of crssbredj. There was animated competition, and everything sold at full rates. : LONDON MARKETS. (Rec. February 6, 5.5 p.m.) T . . London, February 5. Jute.—Native nret marks, February-March shipment, £21 ss. per ton. !s T ew Zealand Hemp.—February-April shipment, £47 10s. per ton. . Copra.—January-February shipment. £34 per ton. Cotton.—February-March deliveries, 7.68 id. per lb. Rubber.-Hard iino Para, 3s. 2d. per lb.; plantation, 3s. 3>a.; smoked sheets, 3e. 25d. ■ FROZEN MEAT. (Eec. Fehruory 6, 5.5 p.m.) _ London, February 5. The Incorporated Society of Meat Importers Smithfield Market quotations for frozen meat are based on actual sales of not less than ono hundred carcasses of mutton or lamb, or twenty-five quarters of beef, of fair average quality. The quotations are not for selected lines, but forparcels fairly representative of the bulk of tne shipments now on the market The prices which follow 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:— ' Mutton— ' j Canterbury, light 78 Canterbury, light (seconds) none offering Canterbury, medium .. ! 7; Canterbury, heavy none offering Southland -non© offering Zo*uan<l, best nono offering New Zoaland. ordinary ... none offering rjortn Island, ewes none offeriuir Xew Zealand, ewes 7 Australian, heavy ■' 7 •Au6tralian, medium 71 Australian, light 7* Aubtruiiaxj, i none offerinn River Plate, wethers, light 74 Eiver Plate, heavy 73.3 i nmb~ r Plate ' ewed 110110 Canterbury, light 73 Canterbury, seconds 75Canterbury, medium 72 . Oarterbury, heavy 7 1 Southland ........... none'offering North Island ordinary ... none offering North Island, selected ....; 73 Australian, best 7! Australian, secondary 7i Auotraiian. iuferior nono'offoriae tv r first quality none'offering luver Plate, seconds none offerine Beef— * Argentine, chilled fores ... 6 Argentine, chilled hinds Z 73 BABBITS. s - Colonial rabbits are dull. Stocks are 11 '5 stated that a hundredthousand crates of Australian and Mew Zealand m cold stores here. Australian biros are quoted at 21s. to 225. ex store. There are many complaints as to recent arrivals being badly graded, both as to size and quality. MINING NEWS WELLINGTON SHAKE MARKET. h;£ th f 01Ish - th - ere conti nue to be several actions 15 '' quotations were as follow:-' Saturdfl y 9 Buyers. Sellers. Murray Creek (old) ......./I"fl''o *i 4 Taifsmai' .zzzz::::: ol° o 2 Dominion Developing 115 0 —