COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2694, 14 February 1916, Page 8

COMMERCIAL ITEMS

' Customs revenue collected at. the port of Wellington on . Saturday amounted to .2M5 •' " • /-■. SSfAiLL EXOHEQTOR BONDS. ■ The Treasury echemo for tlio issue of £5, £20, and £50 Exchequer bo.nd§ through all money-order offices iu the tJnited Kingdom came'into-operation ou January 10. The bonds aro issued at their face value, and bear interest at the rato'of 5 per cent: per annum from the date of issue. They will ba repaid «vt'pat on 'December 1, 1920. Tho full amount; of the boud applied for is payable with the applicatiou. Interest is payable half-yearly on June 1 and-December 1, and the bonds carry tho same privileges as regards subscription to future -war "cans, etc., a 6 the. boudg for larger amounts issued through the Banl: of England. Subscribers may at their option, leave their bonds in the custody , of the Post Office. A subscriber who does this is given a record Ox the bonds held on his account in an Exchequer bond.deposit book, and the interest on the bonds will be paid as it becomes due by, postal warrant. If the holder of bonds left in the custody of the Post Office, desires to sell his holding the bonds will be delivered to him on application, of the Post Office will sell them on his behalf aad pay to him the proceeds (less commission) in cash., GERMAN ORDERS FOR COPPER. It is reported that Germany has placed orders for copper in. America aggregating 200,000,0001b., or nearly one-flftih of the present annual American production. Many of the contracts have' a/ready been, filled, aud tlio metal has besr. placed in storage, to., be'shipped to. Germany immediately after the-close of the war. Men interest-

Ed in the copper trado believe that Ger« many is making these huge purchases believing that the war will soon be over, and also because the Gemiau supply of copper is about exhausted, which is shown by the • seizure of copper throughout tho Empire, wherever it can bo found. Tho total production of copper in Germany in 1913, according to figu-ves compiled, by tho United States Geological Survey, was, in round .figures, 55,000,CC01b. In the summer of the last year preceding tho war Germany made contracts lor 100,000,1b. copper iu the United States, paying tho then market price of between 13 end 14 c. per lb. THE LONDON MARKETS. Messrs. Daigety and Co.. Ltd.. advise having received tho following cablegram from their London house:— Markets.—itabbitskins—London cable under date February 10, states that 2013 bales were olfored, of which 1947 were sold. They report an active demand, and gcc<l winters are 2d. to 4d., outgoings aro lid. to 3d. lower, whilst greasy and suckers are Id. to 2d. dearer. TalJow.—Loudou cablegram, February 9, that the market is idle, and that nothing has been done at auction. The weekly sales will probably bo temporarily suspended. The quotations ex warehouse are nominal: Good to fine mutton, 51s. to 535.; beef. 50s. to 515.; and good mixed 435. to 50s>, FROZEN MEAT. Br Telegraph—Vress Association—Copyright (Rcc. February 13, 5.5 p.m.) London, February 12. The Incorporated Society of Meat Importers' 'Smithfield Market Quotations for frozen meat are ba&ed on actual sales ol not less than one hundred carcasses of mutton or lamb, or twcnty-fivo quarters .of beef, of fair average quality. The quotations are not for selected lines, but for parcels fairly representative of tho bulk of the shipments now on the market. The prices which follow arc on tlie average u farthing per lb. more than the values ex ship, this difference representing the average cost in expense, handling, convey, ance, and soiling of the moat:— Mutton— d. 1 . Canterbury, light 73 I Canterbury, light (seconds) none offering Canterbury, medium 7k ( Canterbury, heavy none offering Southland none offering I Kew.Zealand, best none offering ! is'ew Zealand, ordinary ... none olt'cring North Island, ewes none offering New Zealand, owes 71-16 Australian, heavy 71-16 Australian, medium 7& Australian, light '. 7i" Australian, ewes 7 River Plate, wethers, light 7J River Plato, heavy 73-8 I. . River Plate, ewes none offering 1 LambCanterbury, light 8 Canterbury, seconds 7g Canterbury, medium 8 Canterbury, heavy 8 Southland none offering North Island, ordinary 75 • North Island, selected 8 Australian, best 7§ Australian, secondary 7i Australian, inferior ?fl River Plate, first. Quality none offering River Plate, seconds none offering BeefArgentine, ohilled fores 6i Argentine, chilled hinds 7i RABBITS. Colonial rabbits "aro dull, and prices aro unchanged. ' LONDON MARKETS. (B-ec. February 13, 5.5 p.m.) a London, February 12. Jlite.—Native first marks, February-March shipment, £31 ss. per ton. New Zealand Hemp.—February-April slup. me lit, £47 per ton. Copra— Jamiary-February shipment, £34 lCd. per ton. Cotton.—February-March deliveries, 7.81 d. per lb. . Rubber.—Hard fine Para, 3s. 2d. per lb.; plantation. 3s. $4d.; smoked sheets, 3s. 4jd. Wheat.—Firm. Chicago May options aro quoted at 128 cents; July, 12U ccnts. Butter.—Danish buttor is quoted at 158s, to 1625. Hide?.—'Very firm; Australian, 10 3-Sd. and 11 *-Bd. Leather.—ln good demand; best Sydney, 17d. to 19$ d.; basils, in better request owui£ to short, supplies; there x is soma inquiry for Government oo&tracta: first Sydney being quoted at 14d. to 15i<d., and New Zealand, from 16d. to 17s. Silver.—Bar silver is quoted at 26 5-16 d. per ounce standard. THE PRODUCE- YEAR IN NEW SOUTH WALES. r, „ ™ , Sydney, February 12. South Wales <2 production- of butter ft 1 ' the .vcar ended .Tune 30, 1915, was b4,461,2261b.; of cheose 612,5921b., and of bacon and hams 15,127,3841b. - Compared P * /-nn JL, prcvioUS car . butter increased i .7* 69 2,6C01b., cheeso decreased by 494,6001b. wlnle bacon showed on immaterial change! JAPAN'S EXPORT TRADE, Japan 5 export trado Iws been materially transformed by the wax, and many commodities produced or manufactured in that country which formerly found no. outlet, or at most a meagre- one, to overseas ■destinations, are now being sliipped in Jar2o quantities. Notable amongb't these are footwear, tea, matches, rub bar tyres, fertuisersr copper, and woollen elofch. During the first nine months of 1915 the exports of tyres represented a total value of £2^i 31 ' a S-aiK*t £69,401 for the corresponding term in 1914; fertilisers increased fr° ra /-SI to 33,116 ' aluminium" ware, JS$ l oaZ S® shoos, from £8678 to and toa. from £43,945 to £232,302. ior Japanese-made matches a fairly considerahlo marliet has been developed i"n Australia, but by comparison with tho goods obtainable from other oountriea, tliere is stated to be room for improvcDient ill quality. Exports of matches to ail destinations reached ill tlie JanuarySeptember term of 1915 £851,704, wl'jioli compares with £573,341 for the 1914 period, and. further expansion in the item is likely to be disclosed by subsequent returns, contracts having been accepted which will absorb the entire output of certain of tho lai'So manufactories for some time to come. Hii woollen cloth, the raw material for which in all probability was mostly ob-" tamed from the Commonwealth, tbo in°*yoTls £8789 to ±.1,501,042, and consignments of copper ?, o y. e J i o, 1 n IDw l r , d iu , value fl- °® £1,959,445, to £■3, .1i,839. . The value of all exports from Japan during the later period under notioe was £49,523,586, or £4,066,503 moro than l those for the corresponding. nine months of the immediately preceding year, whilst the excess of outwards over inwards trade to no l?ss than £8,444,823, not-! withstanding that exports of raw silk and «629 110™ rcspon ' 3ibl ® fOT a oSl'Mkage of j Kever has the demand for clear-headed constructive thinking in business been so urgent as it 'is right, now. "Wc are living in a progressive age, and must take advantago of all up-to-date methods. Jt is in savings from waste of any description that money is made to-day, and by concentrating one's efforts on all details of our business wo claim to be able lo produce results for our many cream suppliers. We want more cream. Can .you supply us? Further particulars. Wan?anui Fresh Food Co.—Advt. There has been a great demand for the celebrated Victor cheeso rat during the past few months; anyone requiring new vats are urged to write immediately to the maker, as material is extremely short. Albert J. Parian, Carterton.—Advt,