COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2728, 24 March 1916, Page 8

COMMERCIAL ITEMS

DIVESTMENT SHABES. There was nothing doing in the' investment market yesterday, and the buying, aqd selling, quotations were as under:— Jluye'rc. Sellers. £ s. d. £ s. d. National Bank 5 16 —. Bank' N.Z. (£3 6s. Bd.) ... 10 11 0 10 14 ' 0 Bank N.Z. (£6 13a. 4d.) ... 16 13 6 - Union Bank : 50 15 0 — Well. Dep. and Jlort. .... — 09 0 Gisborne Gas 112 .6 — Napier Gas (JES) 717 6 8 10 0 , Well. Gas (£10) — ' 1510 0 N.Z. Jnsurarfce — 6 4 6 Well. Meat Export (525. 6d.) 216 6 — N.Z. Shipping (ord.) — 21 0 0 Union Steam (prei.) 11,0 — Well. Woollen (pref.) ...... 3 8 0 3 9 0 Westport Coal — 1.90 Westpol't-Stockton . 0 5 3 Leyland-O'Brien — 12 0 Taringamutu Totara — 1 IB 0 Ward and Co. ....' . 516 0 V 6 10. N.Z.: Drug - '. .... 2 4 6 2 5 3 Golden Bay Cement 10 3 110 Sha'rland (ord.) 1 4 6 . — Sharland ■ (pref.) 1 4 ' 6 — ■ ; MONEY MARKET. The- "New Zealand Tra<}e Review," in its latest .issue referring to the money market, says:—There is very little to report on the local money market at present, as there is not much reliable data to supply definite information, pending the public cation of the bank returns for' the current quarter, which will be available in about a fortnight's-time, There is, however, no doubt that money is still very plentiful, and there appears every probability of this condition prevailing for some time to come. 1 Our exports for the two months, January and February, totalled £8,582,909, white our imparts for that period were £3,667,327, leaving a handsome surplus of £4,915,662 i These' figures spell a big inllow.of funds into the Dominion, and it appears highly probable that wlien the banking figures for the quarter aro out -we shall find a record surplus of deposits over advances. Our principal products continue to command exceptionally high prices, and the season has been favourable to production. Fresh land is continually being opened, up and made productive, and consequently the volume of our production'should continue on , the increase. Practically the only trouble with New Zealand at present is the difficulty in procuring sufficient freight space, both for imports and exports.ln spite of the plentiful supply of. money,' rates continue faitly firm, owing largely to increased taxation, and a feeling that there may'be further increases, also the worldwide -value of money lias advanced owing to war demands for capital.

AUSTRALIAN PRODUCE MARKETS. By Telegraph—Press Association— Copyright (Rec. March ,23, 8.45 p.m.) I . Sydney, March 23. Oats, local Algerian 2s. Vd. to 2s. Bd., Tasmania, Js. to 3s. Id., white 2s. lid. to ss. barley, feeding Jd., malting 45.; maize, te. 10d. to 5a.; potatoes, £9 10s. .to £10; onions, £4 10s.'to £5. Adelaide, March 23. , Flour, £12 to £12 10s.; nran, Hid.; pollard, Is. lid.; oats, 2s. to 2s. 2d. ■ 1 \ SYDNEY WOOL SALES. ' Sydney, March 23. The wool offerings are, mostly ; Irom medium to poor." Tho sales closed steady at recent levels. HIDES MARKET. » Melbourne, March 23. Itjdes are in better competition; mediums have advanced }d.; others/are firm.METALS. London, March 22. Copper.—On the spot. £118 to £118 10s.; i three months, £112 to £113. These are the highest since March 18. The rise is partly connected with the Government regulations closing speculative contracts, but i 6 chiefly due to manipulation in the United States. ■ Tin.—On the spot, £195 10s. to £196 '15c.; three months, £191 to £191 10s. Speller. £94 and £84. Bar silver is quoted et 27|d. per ounce standard. \. ' ; TALLOW. At the tallow 5a1e5,..908 casks were offered and 611 sold. Prices' realised:—Mutton, fine 545! 6d., medium 495.; beef, fine,s2s. 6d., medium 475. \ WHEAT. Wheat—Prices nominal. The American visible supply is 153,631,000 bushels. , : Chicago May options. 1105 cents to 108 3-8 cents; July and 107. ■ LINSEED OIL AND TURPENTINE. : liinseed oil, £40. Turpentine, 48s. 6d. Customs duty collected at the port of Wellington' yesterday amounted to £4168 6s. Id. .