COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2725, 21 March 1916, Page 8

COMMERCIAL ITEMS

INVESTMENT SHARES. •/ There were no tranEactions resorded in investment shares yesterday. l'iie Quotations were as under:— - buyers. Sellers. ' £'b. d. £s. d. National Mortgage ~ 317 6 N.Z. and River Plate ... 2 0 0 Auckland Gas (paid) 18 o Gisborno Gas . ;•1 I#. $ Well. Gas (£10) - 15 2 N.Z. Insurance " o4 G Union Steam (ord.) 1 7 11 Union .Steam (prof.) 1, « " Westport Coal 18 3, — LONDON WOOL SALES, The' Bank of 2\ew Zealand have received the following • cablegram from London, dafced.March ,18:—'.'Prices on an average closed 10 per cent., cheaper than previous series. - Closing rates;—Crossbreds, coarse, ,17d.; medium, 18d.; fine, 21d.; lialfbreds,. Z2d.;' merinos,--inferior, ' 1%d.; superior, 20} d.". : Messrs.' DaJgcty and (Jo., Ltd., Wellington, beg to report as follows:—".Referring to the cablegram received from our London office, we have-to adviee that they have further reported that medium and faulty merinos are 10 per cent, lower." Mqssrs. Levin and Co., Ltd.. have received the following cablegram from their, agents in London, dated March 17:—"Wool ; sales closed very firm. Best merinos uii- ; changed; others.' 5 per --cent.' lower; half--1 brwls, generally unchanged. 4 Medium and coarse crossbred 6 are 10 per cent, lower compared "with opening Tates of the series. Sllpe, 10 per cent, below January, caies." The New Zealand Loan and Mercantile Agency Company, Ltd., has received the following cablegram from London, dated March 17:'—"Wool sales closed firmly. As compared with February 5, the following are .all lower:—Merino superior, par to 5 per cent.; greasy, medium, inferior,. 7i to 10, per. cent.;, scoured, 5 to 75 per cent.; cros.sbred'greasy, fine., par'to 6 per cent.; j medium coarse, 10 per cent." J Messrs. Dalgoty and* Company, Limited, report having received the following cable- | gram from their London, office, under date lof March" 17:—"The sales cloeed firm. As , compared .- with dosing, rates < of last sale, ; 6uper - scourcd merino is slightly easier, aud good scoured, par to 5 per cent. lower, whilst short and faulty declined 5 per cent, to U per cent'. In greasy merinos, super qualities' were from par to £ per cent, lower; average to good declined, 7 per cent, to 10 per cent.> and faulty and wasty vrero fully 10 per cent, lower.. Merino lambs were from par to 5 per cent, lower. Pine greasy crossbreds were from par to 5 por - ccnt. lower, and medium and coarse 10 per cent'. Scoured - crossbrecls sold at from par to 5 per'cent, decline. Slipes irefe 5 per ccnt. to"7J per cent, lower, except lambs,' , which 'were ftt a par ; 77.CC0 bales*, were eold to the Home trade, 80i0 bales. -to the. Continent. American puro)ia6es were nil; .11,000 bales were carried forward." i

."■■'The'New Zealand Farmers' Co-op. DisI tributins ■•Co.. Ltd., have received the folj lowing.cablegram from tlieir Loudon I agents:—"Wool "sales# have closed. Com* ' pared with last scries, hallbred wools are ; unchanged; medium -and coarse, 12£ per I cent, cheaper; merino, 5 per cent, cheaper; 1 market firm." , Tho Department of Agriculture. Indusi tries; arid- Commerce has received the following cablegram from the Hteh Commissioner for New Zealand, dated. London, March 17, in regard to the closing of the London wool* sale6:—'"Wool - sales closcd firm .at lower prices established after having been 10 per cent, lower. Prices recovered eliglitly, . and present quotations aro Ud. to 2d. -below closing rates la6t eales for medium and coarser sort 6. Finest grades about maintain old prices; 8000 bales have been taken for export to the Continent and Russia. America not • operating. Estimated • values Superior merinos, Is. 7d. to -l«. 9d.; medium merinos, Is. 4d." to Is. 6d.'; inferior merinos, is. Id. to Is. 3d.; fine crossbreds, all grades, Ib. Bd. to lfi. lid.; medium crnsslireds, all grades, Is. 6d. .to Is. Bd.; coarse crossbreds. all grades. Is. 4d. to Is. 6d. Future, prospects arc cood at these* lower prices; 3500 bale 6 New Zealand wool held oyer. HIGH COMMISSIONER'S CABLED MARKET ' EEI'OIIT. The Department ; Agriculture, Industries, and Commerce has received the following cablegram fronr the High Commissioner for New Zealand, dated London, Starch 18. Note: Quotations, unless otherwise specified, arc average market prices on"spot:— Frozen meat: The market remains firm for all descriptions of frozen meat. Supply falls short of demand. Home-kiUed, a moderate supply, selling at higher prices.ilufcton: Carite-rbuity and other brands ; than Canterbury, 7£d. per lb. Quotations are nominal. . Ewes, 7id. ' i

Lamb: Canterbury, BJd. afly weight; other brands than Canterbury, last season's BJdM this season's' 83d.

Beef: New Zealand cow hinds, 6Jd. per lb.; fores, 5 Id. There is only a\ small quantity at tho market. No chilled beef at. the market.

Butter: The market is quiet, but itrm.. Danish, quiet, per cwt., 180s. k> 1825.; New Zealand, market steady, with little alteration In prices, 1625. to 154b. ; unsalted. 1625. up to 1665.; -fair to good quality. 1505..t0 15!!s.; Argentine, firm market, MOs. to 1505.; 'Aastralian, market remains firm. 1565. to 1585.; Siberian, 1265. to 1345.

Cheese: The market is firm, and 'prices continue to advance. • Canadian, stock is email,sner cwt., 105s. to lC6s.: fine. 103s. to 1.045.: New Zealand, holders are' firm, white, 102s. to 1035.: .coloured, 103s. to 1045.; United States, a fair demand. 100s. to 1025.; fine,' 903.; English Cheddar, IJ2s.' to 1145.; Cheshire, 1205.. to 1225; •

Hemp; The market opened w<!ak, but is now steadier. It has been unfavourably affected by heavy Manila shipments. During February to England 62,000 bales compared with 9COO bales during -January. Manila,'new graded, fair,y£s6 10s. on spot. April to June shipment: Manila, new graded, fair, £55; N.Z. good-fair, £46 ss. Mary, to; May shipment, fair. £44 55.; fair, in dock,; sold this week at £46. The out-

put from Manila for the week ended March 18 was 27,000 baleg. Hops: The market is very miiet. English, per cvrt., ■ 140s. ?to 1506.; Oalifornian, 9os. to 115s. Wheat: Market -weak. Australian cn passago, per quarter, 67a. 6d.: Ari"?ntine, afloat, 68s. 6d. Theso prices are r-oininal, and much over value. Canadian declined sharply. First grade Manitoba arrived sold at 625. . Oats: Dull market at last Quotations; WHEAT AND FLOUR, By Telegraph—Press Association—Copyright _ London, 19. Wheat and flour afloat for the United Kingdom is 3,165,000 quarters; for the Continent, 3,730,C00. Atlantic shipments total 864,C00 quarters, Pacific 17,000. The total for Europe is 1,640,000 quarters, including from Argentina, 370;CC0 and Australasia, Ho,GOO quarters. SYDNEY WOOL SALES. By Telegraph—Press Association—Copyright ! (Rec. March 21, 0.55 p.m.) Sydney! March 20. ■ The wool sales are drawing to a close. The offerings are mostly pf the poorer elapses,* and competition is quiet, many beiug passed. Tne better qualities are firm. Customs duty collected at the port of Wellington yesterday amounted to £8661 17s. lid. , MINING NEWS WELLINGTON SHARE MARKET. •A few huyinfr offers and no business was again the feature of the money market yesterday. The' quotations were as 'follow:— Buyers. Sellerp. £ 8. d. £ s. 11. Hurray Oreek 2 5 0 — Success ' Dredge — 110 6 Talisman 014 3 0 14 9 Woihi ...J. 115 3 — | I GOLD RETURN. The return' from the RossGoldfields is | 31oz. ldwt. of gold from 627 trucks. j STOCIC EXCHANGE.'. By. Telegraph—PreG? Association. ' Auckland. March 20. Reported, sale:—Talisman, l4s. 6d. > new; sooth wales mineml output. By Telegrauh—Prese Association—Copyright ' (Rec. March 20," 11,10 p.m.), Sydney, March 20. Tho New South Wales mineral output in 1915 was valued at £10,064,0C0, a, decrease of £435,000,' compared with 1914. The gold yield totalled 132,498 ounces, valued at £562,519, an .t jrease of £33,946; silver lead, valued at £4,432,670, a decrease of £199,410; coper, £234,427, a decrease of £40,234; coal, 9,449,000 tons, valued «it £3,424,CCp, a decrease of- 9451,614 tone, valued ftt £313\000. Most of the other mineraH showed decreases. The employees totallKd. 31,411, a, decrease of 6050. Cheese factories which- use Parton's Victor Vats are' better equipped, and therefore , show, better dividends. ■ The Victor Vats have middle drainage, to which tho bottom slopes, This makes for complete elimination of- whey and more, uniform curd. Get details. Writs straightway, A. J.. Parton, Carterton.— Advt, .