COMMERCIAL ITEMS

Dominion, Volume 11, Issue 306, 14 September 1918, Page 10

COMMERCIAL ITEMS

INVESTMENT SHAKES, A sale of P. and ,0. deferred stock at £400 was reported yestcruay. The quotations were as follow:— _ ' Buyera , * Sellers. ml. £ s. il. National Bank °i 6 ■ ■ ~ Bank N.Z. (old) 13 JJ ■ ~ Equitable Building 9 0 0 Metropolitan Bniluiug •• 11 « \ ~ Natioual Jlortt'iigc •< ■» »■ ':~ Loan and Mercantile ... 6V u 0 — fflf.Z. -and Kiver Plate ...'llß 0 - , Investment, 010 7 - W'ell.-Gaa (pref.) ' - ' ° « 6 National Insurance 6 . i \ S.B. Insurance i> ° ° — • Meat Export (£5) \K\' ~7 » Moat-Export. (535. MJ ••• I\ ° c ? 10 . g Euddart-Perker (ord.) ...HI '»" N.Z. Shipping (pref.). .....10 12 6 - P and O. Def. Stock ...rfa 0 0 410 0 0 Kaiapoi -Woollen 1 (ord.) ~][i 0 Well.'Woollen (ord.) .... 7 14 0 - 'Well. Woollen (pref.) 4 15 0 - 'Taupiri Coal, ..: ; .~ ,' x° " Westport Coal .:............•■ } ' ~ Wcstport-Stockton (pref.) 0 16 9 - Waipa Colliery. ~-v •••• ~ '« ' Kaiiri Timber (335.) ..: ■ - ■ 1" ° Ka-un Timber (155.) ..... JlB 6 ~ Leyland-O'Brien -....'. \ \ 7 \ Crown Brewery .•••-. 19 0 \\\ Golden 'Bay CeAent , - . . Manning- and Co •• - * J u N.Z.' Con. Dental ;••■ ISO. - N.Z. Paper Mills 12 6 13 0 Ward and Co.-; - \\\ Well. Cordage. ...,-,~ : -T., 1± " Wilson's, Cement ............. 0 U ". Onsto'ma duties, collected at the port of Wellington yesterday amounted to Wilis. crjBRENoy--POsmiiN , in india. "in'an'oraVnary yen.-, witn good prices nuiUK ioi- me raw iuuwriai, the jiuo ci-up uoniiuiues uie crirreiwy. position iu luui* lor a -Uiiie. "I'ma.-yeev/ tue jrusiuon ul tiiipromiioy of u't commouny io noi inaiu.laiueil... xne stream ot r.upues iliui lluuiulany hows to tno jute uisuicva ia miuu-ecl lor purpoeeß "mpi'to ttireciiy couuectna wun mo pivaucutiou of, iuu war, iiua whicn will' involve a conservation of. unanuial strength scarcely- less important to- uie bovei-mngut oi xnoia tlmu m represented oy'-lnveatmentß hi-war oonns. - inciUßive oi. American consigniiientii oi silver, tue uovei-nuieni will shortly nave coinuu witniu turee yea'i* 'mi crorea of rupees, a total \vnicn Indicates not ouly an enormous' outlay, but also, one which lmimes inroads upon tno worlds stocks\ ol aiivcr sucu aa wnnot Be continued, i'nc juto laoouver is the most absorbent consumer oi metallic currency in muiu, und it is to mm mat tne authorities will nave to direct maiuiy iio- lessons on the necessity auu the timeliness or utilising lonus of currency ins cumuewoine, anu. less wasteful than those whicii neretotore have been m vogue.

MONEY IN THE UNITED STATES. The. money circulation of this United States'on dune l laai was recKoueu at, a,w,}i2,toO, which was y an mcrease oi *l4,i7b,dM on the total at, llay, i. Uoltt coin showed a reduction of £15,541,419; federal reserve notes an increase of fii%\SM,Wi; ana National Bank notes an increase of J084,761. Comparisons ot latest oincial records, which arc uated June 1, witn those compiled at even uate in 19W, reveal an augmentation of £103,1)6'/,1)54, in the aggregate circulation; increases of JBs'/.WsUW in. gold coin; ot £217,937,163 in reserve paper ourreucy; and of £1,102,551 in other baiik notes.- Combining money in circulation with the money holdings of the Treasury, and gold retained as backing to reserve notes, the general stock of money represents £61)11,775,956 in gold; £103,716,752' in silver; £46,329,265 in "subsidiary" silver; £69,336,203 in United States notes; £347,309,585 in Federal frservo notes; £2,726,2(16 in reserve bank notes, and £144,797,529 in other currency, making an aggregate of £1,323,001,536, which compares with ft year earlier. All coinage records of the United States Mint were broken during the fiscal year ended June 30 last, both in point of number and value of new tokens of currency put into circulation. Altogether 714,139,119 coins were made, the value represented being £8,719,379, which compares with £5,089,029 for. 1916-17., Gent pieces produced numbered 528,351,479; nickels, 82,723,278, whilst of dimes 116,458,80 D* were added to tho coinage. . ' .

HIDES AM TALLOW SALES. The fortnightly sales of hides and fallow were ■ held • yesterday ■ by the ■ various brokers. .. ■ . Messrs. Dalgoty and 00. report that prices lor hides, as compared with last sale, were higher by Id. to Id. per lb. l'riccs for; tallow wore well maintained. Messrs. iLevin and Co. state that there was goudf competition, and in some cases at slightly increased prices as compared with the last sale. The market was Hnn for heavy and medium-weight hides at last "sale's rulings, whilst light, cow advanced a farthing. CaUskinsvwer'e in keon demand at prices ranging from Id. to ljd. per lb. above the prices obtained a fortnight ago. The, tallow .market was 2™ At a slight advance. Messrs. Abraham and Williams report keen competition for everything; offered, on a par with last sale's rates. Tallow, in tins, was a great deal firmer than last sale, whilst. cask tallow wae easier.. Calfskins wore in good demand at higher rates. All hides were on a par. Meßsrs. Murray, Roberts and 00. report that they submitted a catalogue of 700 hides and 800 calfskin's; 32 ca6ks of tallow, and 300 tins of tallow. Competition for all sound hides was animated, prices ruling on a pnr with last .sale for cow hides, and (showing an advance of Jtt.'to id. per lb. for ox. Calfskins were in keen demand at a further slight iidv.' nee, reaching 131(1. per lb. for super light calf. Tallow was (inner with more inquiry. The New Zealand Loan and Mercantile Agency Company, Ltd., offered a fairsized catalogue, and report Keen inquiry for heavy hides, also for calfnkins; Tallow and fat sold at pricee rather better than those lately obtainable. Tlio Wairarapa Farmers' Co-operative .Association, Ltd., in which is incorporated the United Farmers' Co-operative Association, report that there was considerable competition. Compared with previous salo tallow was firmer, heavy, and medium ox hides were higher by id. per lb. Superior calfsliins sold up to 18Jd., ■ at which price the linn sold a parcel. This is the highest price reached this season. '['he New Zealand Faraiem' Co-operative Distributing Co. report that they submits tort ft good representative catalogue. Competition was very keen, and all good sound ox and cow hides realised/ rather better { prices than at the last sale. Calfskins were in exceptional, demand at an all-: round advance on super lines of f,d. to Id. I nor lb. Tallow told nt bettor prices, showins an advance of Is, and Is. 6(1. per cwt. The range ' of -. prices wns as under:— Ilides.-Ox, heavy. IOJd. to 13d. j ox. medium, 101 d. to 12Jd.; ox, lirfit, 9Jd. to loy.; cow, heavy, MA. Ut 103 d.; cow, medium. 9.', d. to 10£ d.; cow, light, 9Jd. to 103 d.; cut, slippy, and inferior, 6d. to 113 d.: bull, stag, 7d. to 81d.; yearlings, 9Jil. to lli-d.; calf, superior, 12d. to 18Jd.; calf, medium to good, 93d. to 17jd\; coif, damaged, 7d. to 15Sd. Tallow.-In casks. 30s. to 375. per cwt.;' in tine, etc.. JBs. 6d. to 345. per cwt. Sundries.—Hnhuit skins. 17d.; horse natr, 9id. to JJd.; tails. 6d. to U. '

VICTORIAN PRODUCE MARKET. By Telegraph—Press Association-Copyright Melbourne, September 13. Barley, Chevalier, inaltinc, 6s. to 6s. 6d. per busliol; Oapo, 4s. to 4«. 3d. Oatfl, Aljjerians, milling, 33. 10d. to 3s. lid; feed, 3s. 8(i. to 3s. 9d. Potatoes, £4 to £4 15s. per ton. Onions, £22 to £23 per ton.