COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 623, 28 September 1909, Page 8

COMMERCIAL ITEMS.

.;.;':.;■■ '■■::,- '.'shahes. .■''':, ;\ - : ;;• ' ■ A tale-, of' ehares .-at 225. Iras reported;.yesterday,' :Thcre : were "very' few; euotatipns, but insurarico.shares appear fo Bjoa idemand.; Js'ntional Bank,';sel'ers..-£6i Wellington -.Investment,-, sellers Its. ■' M.'; ■ATeJlioiti' J?? , Loan, bnyers-'£6 199.,'.50!1er5:£7 25.: 6d.; Ohriatehuroh Gas, buyers £9 se.i Palmcrston ■North, Gaß,,se!l6rs '~CT 155.;, Now .Zealand Insurance; buyers' £3 17s; ; - ; South British Insurance. STO :^ 2 .' 1 -H--f^ : -Standard Insurance, buyer* as. 6d.;;.Christchurch Jteat,.'buyers £10 10b.; New Zealand; Shipping,/buyers £7; Kaiapoi Woollen preference, sellers.«; T7c!Un B ton Woo en 4f°S.'f : % pir J Coal,.buyor|:l9».:9dr 6 elle?s' £1; WostportSrockton, seUors .ft. 9(1.j, Leyland-' O'Brien-Timber,-■•buyers:'2ls.-:9d.i Nci Zealand' p »P e r Mills, buyers 225. 6d.; Taranaki Petroleum scllors■ 95,.;..;. .; ■ • ( , \ ~( . . ... , ; . . X-.'J''.. . THE., WOOL. MAEKET. .'• ' : . "■/ Kie,London-wool ! market continues etronr, and the demand appears to ibe. irood.: for the advance recorded-'at;tho'oponinffie'.well maintained- '.At Aflelaide there was excellent competition at the sale of. the Australian selling season, and .the;advance• recorded is?said;to*o from■ 25 to 30 per.' cent.' as .compared with, the, eamo 'date ■last year formerinos. Orosßbreds'shbw the samo ? l advance on 'a;percentaeo 'basis;; and yet coarse wools, hayo'still a big margin to make up. . Tlio qaotations for Bradford : top 3, which {uraish- a fair BUjdeHo.the prices .of;-raw' wool, 'as at September 25, for this-year and. the'throo-pre-ceding years, show, as undor:-e-" :'.':.\"-;" :, vv {'■& : : - ''■'■ : - ;,/ 'v -'we-:rm.AimJ^m- ' Tops.. ~ ;.■•:• ■, d. v .-, -d.: ; '. d.: d.-. |o«ips_., .■.■....„:.-.■.-,,.„..; 17}'.;' ■ , JSJ .'■. > 101 f '.-. 131' Fqrt.y.saeß-V.....:..:.-.:.:..:....,'18j; Sl7l. . i.12 ■ ■lVi' .Sixtjcs;(comrnoh)!.-..;.::..;.25J';- ; 28 '211,1 : 27 •SixtiCß (super) ..:.;.,..:..'... -251 : ,■■;-. 29; ;. .»2J "■' -1Z ,It will bo seenjfrom'tho , above that'nierino'tops •,,„ . ?4i*°iS?/H n ? ol f and , , suppr 1 sixties, ■afo'nearly up to'th6 1907 level.iand wellabovo'that of 19GS .Crossbreds wools,, as reprcsentcci by. forties' and ,forty-siies,-.though thoy.have,advanced by'about I■ ?;iP o mj c ? r -* , i as 'e??<P»red with-:last 'year,'aro J, 6tM 23d:\and 13d. ■ below '-the levol of 1907 To J o ™, -ejtent■croasbie'dAjrqbl. i - affected ,by<■ the I trend of-fashion,, and this has no doubt retarded ■ the; the'; present 'disparity between the:.two.■grades, of wool 'cannot continue. Tbe' r f5 B EP. of- pricos : iQ-1906.'nioro correctly 'records .tho true, rplativo'value of/cqarac and firio wools ■therefore-Jt-seems to us'.that-crossbred .wool'ie i.the. better asset... and -this will.be recoffnised in albprobability .during tho corainß season. Fibo : 'wools. , have, apparently .'reached the limit of thcir : advance, -and 1 the, nest', movement'; ia : more' to, bo.'.dqwnwards. ,thani upwards, 'while' with' io- ; -.spect to. coarse ;wo.jl,it ? relative cheaonees ;cannot'lons be overlooted,,consequently ; it is mofo ■■ply. to .nicetv.with ; an increased demand at higher. ,prices.; .-.The ; difference, .between ■ forties tops -and;.common--.sixties .is.'..to-day'-13Jd ; . while ■in ,1906 tho difference was only Bid,, .and. there must bo. aroturn to. the 'bettor.'positiohi- TKe outloolt for. ■ crossbred, .wdol ie . unquestionably vcrj'.BOod.-, ■ .'.',.',; .:.'■"■ .;; ;-.■ .- ■- . . , .■ ■■' :■-:■':'; 'Vv : .;- '.'■'<■ ; ; ; "' r certainly eeem'that the: cash turnover ;in London this year - has 'materially increased.That.is;, apparent;-from ..the ■banking, clearing. ;houso.returns.^.which in the first half of this year, showed 'an increase , of £555,455 000 or of 9 9 ■per cent:, .That is the'town clearine.. But' the country, business cleared through London his iJJX. .BANK HALF-TEAE? - : -'v : ":-; ; ;7-,i ■' V 19 ?'\i'-.--"-^»».;■,• /;;'.; '■ ...■..'■ London (t0wn)5,618,417,000.6,17i872.C00'1ie. 655«SCCO po...(forjequn-. .- : . ', . ■ ■ :...!.,..; 536,425,000. 631,096,000 Deo. 6,J29C00 Manchester..... ,154,685,200 -IUMM Uec. ;119/6liu Liverpool,..:-....,.,; 94306900 97,507.500 Inc. '"molgm Birminßham-i ....-•; 28,914,0:0 .. 30,C96.8G0,I tt o. ■/. 1182 ECO Newcastle:.......' -23,337,3:0; ,• 23.5332C0 Inc ,' 1^950 8ri5t01;:........;...., 16,114.5C0 J, 15,884,100 Dec!. j^9oo 'If would:appear"• from'; this.ae' though• busines3 ,in London was; booming,'while!in tho country it ■was'.as. depressed, as .last.yoar-and oven more so.-.,. But it .should 1 be borne; in mind that the' London clearings'in the first, half of last year .showed : a, fallins-off of-£16.397,000. so that tho clearings:-this-year, show comparatively little' in: crease, over.-WO 7. . .Still, that is remarkdble .oepause.,.in,-1907-.tho,boom, was still runnine -dtrpne./ But- it. has to'be: borne in, mind'that ,in/ono way.iondbn.is;detached'fr'om',mercantile -If is -tho ™ ofvflnance^-not-.-trade;.;iarid) thcroUhas -'been a .-.-ast /amount' of, turnover In, connccUdn, with .the ;new .securities .placed'.upon thoiLdndori 'market which, havo been enormous :in the•'• aceresat? ~Some,£3a,()op,ooo';of; the.increaso'taJthe pEond6n .clearing \was -.recorded on ,the 'Stock'Exchanso ■,pay. days, : ;and-there, is ,no, counterpart .to "that ,in the, provincial centres. -All this' activity Vta ■finance ~must.-in the end stimulate- tfado.'because itho money must'be'utilised.-; But-as'jyct itTia" only .■reacted upon.trade to ,a' very" minor .do. BTee, / ..:..0n0. reason why vlatterly the'.provincial clowinße , havo suffered: has been, that' recent .bank .have reduced the- exchanee between.banks. - The .transfers ,are : in ; a greater degree internal.; :■.:■;:■:'.; v , ■-. ■'■Ciißtdms-.revenno collected ; at ■ Wellington yes.today.amounted t0.£2242 : ,65. 3d... ,«^ u ...y« :■';;! *;W:ELLINGTON:MAEkEyiIEPOETi,. v , .-. ' :Mffl3rs. : ',tac.ry',and:Com : pany,;Ltd., Wcllinßtoh, report wbqlusalo prices ruling on tho market — Wheat, rdnl-\4s.' Bd-'-to 4a.' lDd.,- ehrlvollcd whe'nt 45.: feed eats,. 2s. to- 2s.' 5d.; Hun, pats, 2s :3d • to'2s:. 4d.j seed onle. : 2s. 4d; to 2a! 8d.;.-'A'l|tcrlnn oats,- 23.; 2d. 'to■;Zs.--''6d.;' .'maizo," , . 4a.- Id.- -to '45.; 3d.; , crushed malt, 7a.j fowl 'barley,'- 2s- 6d. to.2s.- 9d.i Capo barloy.sced; 35.; flour,-New Zealand, £11-'10s; to £12). .Australian, £12; britn £4;55. to £4.105., pearl-bnrley 155.; peas, partrideo 4s..9d.,,prußsian;bluo-6s. 3d:. to'-ss. 6d., fdwl nods '«»„: split , £l7 We.; boncdnst,. £5.155.; suDorphos phatos;-£s'to.£s 55., pollard; £5 ss. '• to £5 10s • .basic elag,'• £4 103.; chaff,,, oatensheai' ',££■■ .ss.' to- £3. 15a.; : oatmeal, £10 10s.. to £11; potatoes,: £4 to: £4 10s.; need potatoes £5 ,to-£5 155.; 'onions, £7- to .'£B; Japanese onions,' £11 to £12; mplneses fodder, £5; bacon Ifactory), sides >73d.. hums Bd, rolleßid.; butter' bulk,\7d. toBJd. Poultry:'Hens:4s. to4s.Cd.; duck's 63. to 75.: turkeys, gobblers 18s. to 205., hens 10s to f4s.; fresh 'eggs, 1 Is.-'to 15..1d.-doz.; cheese 6d' "to 61d. per U>.:'..loni.-.-7d.' : .to'.?id..'.pcr lb.; Aka-■roa'machinc-dresaedcocksfoot,•7Jd to Bd.;-farm-era' dressed sd. to. 6d. por lb.; - ryegrass) 3s,'!d, . to'.4s.', 6d, per. bmbcl;,ltalian ryogross, , 3s. 6d to 41. W. ptir;l)uebcli : white clover, 70a. to ISi . owt, i- rod oIoTOPi 70s.' offt; I, ooTi.-fcrajj,': lii.tii cwt, 1

alsilie. • 82s. 6d. cwt.; mustard, 40s. cwt.: trefoil. I {7s.';6d. cwt.,;:rape, seed, 265. cwt.; Timothy, 32a. 6d. cwt.;.Swede : and turnip , seed, ffls.,cwt..i. •■■,■: Mr. Harry Palmer (Palmerston)-reports a full entry -in- 1 all lines .at ,his last, week's .'-.sale. A splendid : .lqt of pip,s were offered, and theEe. found a ready,'market at "good prices. Ponltry 6howed a'decidcd increase on last week's values, nothing being; sold this "week under "la. '9d.. per pair, whilst; the. average pricD'ran- to. atout ,ss. t'o 43;-6d. ,A good demand for turkcys'ahd ducks alio exists. Quotations :-PJBs-Weaners, Us., ;is..9d 135.,.«5. 6.d.,.«5., 125., to-16s.;'. slips, 145., 155,, 16a. 6d. to I7e. 6d.; i 5t0rD5,' , 163.,'195. , , 19a: 9d'., Me.,;t0.;2!3. 6d:; light'porkers,'2ss., 265.,-to 275. 6d.-;, heavy..do.', Ms. to -355. 6d: ;; sow..with, nowborn litter,-£4 155.;. sow to )ltter, ; ,£3 153. Ducklings: jnst,hatched; 25.; 2d.' to >2s. 9d.vper pair.; ducks;.ss..3d.; 65., 6s. 3d., is;' 6d., to 7s. per pair; hen,and .chicks, Bs.; hens, '.e: 9d., 55.,.55. 2d.; to ss--ra.';vpullets, ss. 9d:; 6?., 6s. 6d.', to ■ 75.;, cock-rells,'-fe;6ri. 'to-6s. 6d;; • hvlf-grown- do., - Is. -.'6d. to 3s. 6d.; turkey:hons, 75.-tb Bs. each; cobblers, 105..t0.U5.-.cach;.Beese,.3s. to,3s. 6d...Pi8 pot*toes, 2s. 6d.;tp ss.;cat)ba(re,V23.'-9d. to"3s. 9d.-per sack; rhubarb,- 65.. to Bs. per .dozen bundles: eating., potatoes,-.65. to ,96.. per,sack;, barley, 9s. to J 2 ?-:, wheat,-.155..,t0 205.; pigmeal,.'Us.. 6d.;.< pollard; .-.lOs. 6d.; 'bran, Bs.; bacon, :<id.' to'6d;; onions.-. 3d.-to ld.;\mahgels. Iβ.-6d. to 2s.;.carrots. . 2s: -to:; 2s. , M . ; -. hay,-. is,, ito • 3s'/ Cd:; . truss chaff, JSj.-6d,.;tQ.,3 Sv .-6d.. per .sack; - oats, '■ 10s;; harness, horses, £2 Ids. to:JE7. lns.j a6g-car.t; £15 •155,.,- Business during the week- shows: an: improvement. ■':■'■ '■•:'.'■-. ■'.- •■'.- ■ ,'-: ~.-. :;: '■•.■■-'/..'.LONDON .WOOL SiLES.\ ' •.:''.;'' : BUSINESS. BRISK A.T-HIGHEST.;PEICES..;-(By .Tele«aph.-l'rcss AFdrirlatron.TqoDrrlEht.l ' w^iii ,, ' , ' ,, '■'■ i ■■''•' 'London,', September'2s.: At .,the,wool -sales business was Tirisk at-the nJßhest-.pnces-of the scries for all sorts and all selections competing. A hardening'tendency »n-prices is ..everywhere -.apparent.. ■ ' The -Hastings clip realised 9id. per :Ib., "and Kawar.au 10Jd. ' .-■.: The quantity catalogued to date is 41,700 bales, of which;4o,oo3 bales lave, been■ sold. ... ...-, . .Messrs'. Hurray, Koberts ' and Co. have received Une following wool market cablegram from their Lond6n'agents;-Messrs.. Sanderson, Murray,' add Co., dated September 25:—"Tho '■sr.arkct. is very firm,, and -.the' opening' rates -,ai'e .fully: maintained, i' ' ■ - . , ~, . ... .-. -:: . ■]■. .'.'"HIGH' g6iISIISSIONEE'S : CABLE: ; ! .! The' Department of Industries'and'Commerce has received-the following cable from the High ComnUßSioher, dated. London,-September 1 25:- ... The mutton; market' if quiet,■' but holders are flrm; as. shipments of mutton now arriving .are ; yery. small. Trade in mutton is very, disappointing,- there being .only a very hand-to-mouth do-: mand.;.. Canterbury is quoted.' at.: 3|d. per..lb.; and North: Island af3?d. per In. The. , lamb market is quiet. There is more de-mand-for. heavy-weight, on account-of, shortage of light-weight mutton. Canterbury lamb, 3id. perlb.'; North Island,,3gd. per. Ib.-: . ' Tho. beef market is weaker, with , a- downward tendency,,:Supplies,of Hivcr Plate .• lieef areheavy. -Now''Zealand hinds; H&. ■ per 1b. , -,. fores. ■2Jd. ,porlb. '~,.'. ; '.. . ; Tho.huUcrmp.rket is quiet, but firm.' 'Demand has fallen off, considerably on ■ account: of' high •ipnco, nominally.. No chango.-in. prices-viz.; New Zealand;-.HBs.. per. cwt.; Australian,-1148.j Dan-, i3h,>l2ls.;•;Siberian. lC6s. , -.-■ -, .- .- :-. The'cheese .market- isv nniet,- and pricce aro; ;slig.htly .weitker..- New.; Zealand is. quoted' at 575. 6d.. and Canadian at E6s. '.' •■".■/■■ ■ ■ The hem'p, mark'et,:is but.'offerings are very email. Itoport3.from,Manila/ indicate light shipments .arc. expected from, there.-to London. Quotations aro nominal.- New Zealand , good fair grade,.'6n\.spot, per-ton,- £26 55.-;; New Zealand fair-Bradc,.on.spot,:per,tqn,-.-£ZS-5e.;.-fair current'. .Manila,; onrspot, .per. ton,-,-£35. 10b., iOctober-De-: combor, shipments-New fair grado' per:ton,-..£Z6;-,:-Ncw Zealand-fair:sr.ade,-per,ton,; £25; fair.-ourront.iranila.pcr ton, £25 ioi.< Hanilti'-output,-21,000-bales. •.-•,, /:■ •■■ . . -.•-.- The .cocksfoot market is : very qtlict' 'arid no', thing'doing. .The avcrago price of .'Now Zealand .cocksfoot seed, 171b:.-.per,-.bushel, on spot; per 0wt.,.655.; .'. . :-. :,. : ■ -.' ■: . ■ ._ Tho■ wheat: market. is i- shade ■ weaker. >, New Zealand long-berried wheat, on 1 spot, ox granary ;nw Wartcr, of :4961b., ;35s.j' New iZealand ishbrt. .berried, 385.-6 d: <;•. - ■ ■■.: ■:'..:. '.../■ ■~.-• . /Tho.-oata market is somewhat steadier,'and there is a_sfair, demand for. better grades. New Zealand ; short spKrrpwb'ills, si granary, on spot, ,ner .quarter of 3341b.,' 25a.; New Zealand- oats Danish, ei.granary, on spot, per.quarter 3201b,, ■19a.'-. ;: ..-■-.•■ - : ..-■' '~,,■-■, ■/;■-.. ..market Js.' steady at* tions-vij..;New,Zealand beans, : 355. 6d. >:■ --. ■ i iPeas.—The -market -'is.'- flrm'. - , with «,' haraeriinK' tendenoy-on/arcount of English -crop-bcine-rae--<Hutn > i.n.'inanWy land' of inforiiir qnality. »New' ZrMand,neas, ( partridge, per 5041b.. 455. - • •' •■'■ i/.WnoU-tarße '.bmlncss doing,'and-prices' : a'trong. tin-tpndon,-market.. ■:..:. .■. ._'.-■ ■,;.'.--,,;-■■ •":