COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2745, 13 April 1916, Page 8

COMMERCIAL ITEMS

INVESTMENT RBARES. . j A sale of New Zealand Loan and Mercantile shares at £75 was recorded yesterday Tho quotations were as under:— Buyers. Sellerß. £ 6. d. £ g, d. National Bank 5 2 0 — Bank 2f.Z. (£3 fa Bd.) .... 10 12 0 I— . Well. Trust, Loan. Ltd. — 7 10 Wellington Gas (£10) ..... - 1510 0 Wellington Gas (pref.) ... 0 18 6 — National Insurance 211 0 — Huddart-Parker (ord.) ... 1 2 0 ' — Union Steam (prof.) 1 0 11 — Waipa Coal : 0 18 6 — Westport Coal 18 9 — Kauri Timber (155.) 0 15 0 — Lsyland-O'Bricn 12 0 — Golden Bay Cement 110 — Sh'arland i (ord.) -14 1 —■ Hharland (prof.) 14 6 W.F.O.A. (£5) 5 17 6 - The Now Zealand manager of the Ocean Accident and Guarantee Corporation (Mr, N. lilardet) has received a -cablegram from London giving the figures relating to the corporation's business for the twelve months ended December 31, 1915. They are as follow;— Net income, £2,250,292; balance to credit of profit and loss account, £2,046,482; reserves, £3,251,087; total assets, £3,598,842. Customs duty collected at the port ol Wellington yesterday amounted to £2731 15s | , • HIDE AND SKIN REPORT. Messrs.. Dalgety and Co., Ltd.. report:At our usual monthly sale held, on Friday we offered a full catalogue. Competition I for wool was not keen, and prices for I fleece and lambs free from seed declined , about' one penny per lb., -while interior 1 and seedy descriptions were lid. to 2d, 1 lower,, in sympathy with other markets, 1 Sheepskins were in good demand at a I slight decline pri laet sale's rates. , Hides.—Owing to the Government now al» lowing the exportation.of ninety per cent, of heavy hides weighing 451b. and over to Australia, prices for these descriptions advanced 2d. to Id. per lb.; light hides vcro' also higher by id. per lb. Tallow of ail- descriptions ad-yanoed Is, I to Is. 6d. per cwt. I The range of prices realised ie as fol» lows:— ' , WooL-Crossbred, bright and clean, 12d. ! to lZjd.; crossbred, inferior and seedy. ! yd* to lid.; lambs, good, lljd. to 12d.{ ; lambs, inferior and seedy, 4d.to 9d.; dead. 9d. to Ud.; picces, Bd. to ft.; 1 locks, 4d. to I bid. Sheepskins.—Crossbred, full-wool, 9d. to lljd.; crossbred, quarter' end half-wool, t-jd. to 9Jd.; crossbred, lambs, 9d. to 10Jd.i crossbred lambs (shorn), 6d. to 6Jd.; dead and damaged, 7d. to Bid.; inferior and badly damaged, 2d. to 5d.; damp, salted, and green (best .lines), 4s. 6d. to 65.; others, 3s. od. -to 4s. 3d:; pelts, Is. to Is. 6d.; lambs, ,3s. 9d. to ss. 6d.; short, and shorn, Is. to Is. 4d. / ~Eides.—Ox, heavy, lid.; ox, medium' and light, lCd.; cow, .heavy, 9d. to 9W.; ao.. medium, 9d, to 9jd. ; do., light, Bid. to 9Ad. do„ cut, slippy, and inferior/5Jd. to 8ld.: yearlings, 7id. to. Bid.; bulls, 63d.; calf (good), IOJd. to llid.; do., cut and damaged, sd. to Bid. . . Tallow and Sundries.—Tallow; in casks, . 275. to-275. 3d.; in tine, 225. 3d. to 255. 3d. . Horsehair, lQd. to 16d. / LONDON WOOL SALES. The Bank of New Zealand h<*A received the following cablegram from the London oihee, dated April 11:—"Orossbreds, par to 5 per-cent, cheapcr; meriuos unchanged." Messrs. Murray, Roberts and Co., Ltd., •have received . a cablegram from their London friends, Messrs. Sanderson, Mm" ray and Co., undet date April 11. as fol lows"Wool • sales opened firm, • good atr tendance. -All descriptions unchanged except crossbred 'shabby, which has declined. £a. The New Zealand Loan and Mercantile Agency Co., Ltd.,'has. received the follow/ lug cablegram from its London hoUEe/ under date April ll:~'The wool sales opened April 11. There wo* good competition for crossbred, but very little change in merino,' for which prices ruled in favour of sellers.", .

Messrs. Dalgety and- Co.,' Ltd., Wellington, have received. the following coblegram .-from their London liouse, under date: April 11:—''The third aeries of sales have opened. The selection was mostly cro»3breds. . There was a good attendance 01 buyers, end competition- was animated. 'As compared with closing rates of last sales, crossbrcds were from par to id. per lb. lower, slipee .."were rather dearer, and merinos were very firm to slightly dearer. The> dates of our own sales are April 12 and 18 and May 6." The New Zealand Farmers' Cooperative Distributing Co., Ltd., advise receipt of % tho following cablegram • from their London agents:—"Merinos opened par to\s' per cent. . dearer. Crossureds aoout unchangcd, occasional, lots of good-conditioned wools in buyers' favour." Messrs. Levin and Co., Ltd., have received ' the following cablegram from their London agents:—"The wool, sales have opened. Good attendance of buyers. Merinos are par to five per cent, dearer than closing rates of . last series. Slipes and crossbreds generally are practically unchanged." • • - ■~ <. • - •

HIGH COMMISSIONER'S CABLED MARKET REPOKT.

The Department of Agriculture, Indus, tries, and Commerce has received the following cablegram from the High Com nnssioner for New Zealand, dated London April u, m regard to the opening of the K? sorles tiic London wool sales:— ' Wool sales commenced. There is great' competition for all wools, but buyers ore cautious on "account of high price ana ancertainty as to attitude with regard to limitation of future contracts. Values average Jd. lower than last sales: 56,000 ml! Zealand wool catalogued." • following-we the quotations given oy tae High Commissioner in hie last cablegram on the .London wool ©ales;— Fine eros-sbreds, all'grades, ■ Is. Bd. to Is, 11(1.; medium crossbrede, all grados. Is. i ' % V - coarß6 crossbreds, all grades, is., 4d. to Is. 64.; superior merinos, le. m. to Is. 9d.; medium merinos, Ib. 4d. to Is. 6i.; inferior merinos, Is. Id. to le. 3d "

■FROZEN-MEAT MARKET. ■ Messrs. Gilbert Anderson and Co. (Messrs Mellsop, Eliott and Co., 'Palmerston North local agents) report on tho frozen meat market, under date. London, February 11, as follows.— . ' Home-grown.—There were increased 6u», plies this week owing to previous "hip-Jti ?^ e^ be6e , proved to ° much for 'he trade, and values are much lower Frozen Mutton.-The situation is ' ex. ceedingly strong. . Buyers have no stocks and can only purchase in small Quantities, and are therefore always ready to ♦H z ?ii? ny j lO - °. nns - Ew es have risen ?. ' and in view of the- alarmingly the^bdirehelpen" 6 " U ° proSpcct of Frozen Lamb.—Now that supplies are mX i 4 - s 5 ei ° g realised that prices should be raised. Had this been done in Novomber, whop there was a good supply on hand, the 'present situation wL. not ll < lve been bo acute. As it was, amw' pr f? es Iver e allowed to fall to iid. before it was realised that the con. on overtaking .the supply r f l6aE «> ,of New Zealand, Chfli S d d Mcfand . lIETAL , MARKETS. By Telegraph—Press Association—Copyright n London, April 11 Copper.—On the spot, £119 10s to £t«f. P)g-iron.—lliddlesbro' No. 3, 945. per ton Spelter. On spot, £98; three months -ppa' Am:t™?inn s™ r portß total 16 ' 213 tons, Silver-29 if ifirt° ns: export6 ' tons. »u\er. js 13-16 d. per ounce standard. SOUTH AUSTRALIAN APPLES. The Medina's shipment of South Auetm. lian apples was cleared at 10s. 6d to 14V MINING NEWS WELLINGTON SHAKE MAEKET. Yesterday's quotations for mining shares were as follow:— 3 ■ fiuyers. Sellers, £ 8. d. £gd. Blactwater Mines 014 0 ■ 016 0 Ross — 0 0 4 Talisman 0 12 0 0 13 0 Waihi 115 3 _ STOCK EXOHANGE By Telegraph.—Press Association. ' . . Chrlstchuroh, April 12. reported :-Kampoi T/ooilen, £J „ ' , • Dunedin, April 12. Stock Exchange soles: Union Stenra, 30s. (five parceie), 30s. 3d. (two parcels); National Insurance, 51s. 6d. LONDON QUOTATIONS. By Telegraph-Press Association-Copyright ■ ' , • , London, April u.' stock and share market quotations in elude:—Australian Loan and Mercantile £72 55.; Dalgety's. £6, £72 10s.; Golds! briSugh, Mort, and 00., £80 2s. 6d. - British. Broken Hill, 265. (buyers), "27s (sellers); Broken Hill Proprietary, 625. 635.; North Broken Bilb 465. 9d., 475, 9<i,. Hampflen-Cloncurry, 41s. 3d.; 425. 3d.