COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2712, 6 March 1916, Page 8

COMMERCIAL ITEMS

IK VESTMENT SHAEES.. ' In the investment share market on Saturday >a sale of Waira* na Farmers' shares (£5) at.£6 was Tho quotatione were as under:— Buyers. Sellers. £ 6. d.-• £ s. d.- - Kational Bank 5 0 0'"" 5 16 Bank N.Z. (£6 13s. 4"d.) 16 9 0 - Union Banli : 50 15 0 — Kational Mortgage — , .426 : «We)l. Invest. T. and A..., — t0 11 0 Gisborne 112 0. — •'Kapler' Gas (£5) 715 0 8 0 0 Well. Gas (£10) - 16 .0 0 .Well. Gas (pref.) 0 18.. 0 ;. a : 'Gear Heat (£1) -4 5 0 : K.Z. Shipping'(ord.) .....r 19 15; 0 J." ~z t ■ Union Steam, ford.) — '' 1 ' 6 Taupiri Coal' 012 9 — ; K.Z. Consol. Dental ......... 10 0 . Golden Bay Oement 0 19 0 . tf.Z. Paper Mills .. 016 3 •' " WOOL, HIDES'. ANT) SHEEPSKIN ... sale: ; "A moderate offering took place to-day when there a. fair attendonce of buyers. Competition was. less animated than at 6omo of tho previous fortnightly sales, and prices generally were easier. Hides itf particular were neglected, no doubt ,as -result, of the embaigo tigaiust export; ' Bag'wool and oddments were offered fairly large' quantities, end was mostly- all disposed of at - goodprices. Tallow <alro met with a ready sale at fdirly'firm'fates. Current prices:— Sheepskins: Pine-crossbred, 10id. to lUd.s inedium-coarße'crossbred, lOd. to lid.; short to half-wools,- 6d. to 9Jd.; dead and damaged crossbred,"Bd. to iOd.; inferior and badly damaged,.l iSd. 10, 7d.;-lambs, 9tL to 105 d.; • damp, salted, and green, Is. 7d. to Bs. IOd.; pelts, 25.;4(1.;t0 ss. lid, :glides: Ox. hoavy, 601b up.- lCd.;- ox. medium,-50-591b., 9fid. to -10(1.: 6x;;ljght;-491b. and' under,' B?,d. to 9d.j cow, heavy,-. 5511). arid ..over, ,Sid. to 9d.;,c{)w l modiumv 421b. 'to L 541b.,' Bid. - to cow, light, under 421b.. :75d.Vto' - Bid.; cow. slippy and inferior, 53d»' to'Bi(L; bull stag, 4Jd. to £id.; yearlings,'l6lb. to 241b., 7sd. to Bd.; calf, superior, up ; to. 161b., 9d. to 9id.; calf, medium to good/8$d;! to 9jd.; calf, damaged, 3d. to Bid. Tallow:'ln eaeks, 23a. to, 29?.; in tins, etc.; 16s: to 245. 6d. Sundries: Cowtails, .Is. to Is. "2d. . . WHOLESALE EGG MARKET. The Sf.Z. Poultry Industries, Ltd., report as follows:—The supply of guaranteed eggs is not equal to the demand, and the market is very etroug at ls.'7d. per dozen.: * 4 AMERICA'S BANKHfG SYSTESI. The next banking, system of tho "United States has completed its first year ol operation. Nq statement wag issued by the board reviewing ths year's activities oi the system; but it is reported that the •whole of- tho -district banks earned together for the year 2 per ceut. ou their capital The>re are twelve of these districts, or regional banks, which derived - helr capita froi* tho national baniks. It is stated that the aggregate-paid up capital amounts to nearly' £11,000,000; that the total ,deposit - approach £75,000,000, and that ■ casli 1 lK>lding3 are not -very far-short £66,000,G00.; The rfe-discoiints. of ..the-.twelvo bank's-were ; " only £8,600,OCO. : . TQxer explaiicyiioo .'offered of 'tno. . nesßvdone :by -the rescrvo- baD;ka,aa v -that. even : yet, great as is the activity of; i busl-Bcss-'in the IJnfted States, money is'very plentiful and vory cheap; that, therefore, the national banks have not had occasion to apply to the reserve banks for' the rediscounting of bills, and that probably . there will not be very business of the kind done unless trade improves Tery. •jnuch' more. It would Deem,'in'short,' that- the activity 'of trade in united 6tates ia very. largely, confined- to'- dealings witbT. the Entente Powers. K, HIGH PEIOES FOR HEMP, ."V Exceptionally high prices for "hemp and flax are at present ruling 'both in land and in }few Zealand,, and the demand for the New.. Zealand article has increased considerably (says the "New Zealand Herald"). . Shortage ; of shipping is. stated to b<; the primary cause of the tightening of prices, very little. Manilahemp, having | reached England from tho Philippines be-1 cause of this. When 'nho trade in que*- 1 tion is restored the market will come Dack to normal, but in the meantime some of the New millers are benefiting. The latest Londou quotations for Kew Zealand hemp, good fair on 6pot, was £47 10s. per ton, fair £45 10s. per ton. . The Srice in the Dominion is higher Ahan it hns een for years, namely about £35 per ton, but tho majority of the raillere are supplying on contracts which do not expire until. < the end of next month, and the average price for which they contracted was ; £25 psp ton. Prior to the war the price in . New Zealand was from £20 .to £17 per ton, Bo that the increase is 6ubstantial. At the same time the war has caused the expenses of production to amount. t<> .£ly . per ton, eo that the profits -resulting from the higher selling prices are not hd os would appear at first sight. Freights •and charges, insurances, and war_ risk; have all advanced.- " "