COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 653, 2 November 1909, Page 8

COMMERCIAL ITEMS.

-SnAEES.'.:' ,.' No '.were: recorded 1 , in'■'investment, shaMs l : yesterday;;. '.-National Bmk, 1 buyers" £5 ,19a'.,:' Beliefs',£6 -'Is.; - National buycra £2 17s.,,sellcrs.£3; Now Zealand and Kiver Plate; buyers .£l' 14si: 9d:; Wellington' Investment; buyers lis.," .sellers 'lis;'" 6d;;.: Palmerston 1 North I :.*' Gas; buyers £7 155.; Wellington • Gas,;, £6 . lOs. vpaid,' sellers £14 55.; Standard-,lnsurcnce,:.sellers £1 2s. 9d.j Christ church ;Meat',.- buyers £10 '12s. 6d.; Gear Meat, £4 paid,-.buyers' £10' 53.,-£l.'iaid, 125.. 6d:; vWestport Coal, sellers .€6 53.; Cbal,: buyors' 6s; «:,'•• sellors 7s:; Loyland-0 Brien .Timber, buyers £l'-"35.; Zealand Consplidated Dental, sellers'.£l' 4s.' 6d.-;v Sfiarland's •preference, buyers- £1 osW6d.;' Taranaki Petroleum, buyers 75.; sellers y:\6d.; Ward and - Ob.-. Browery-. shares, sellers '£4 10s.: Bycroft s, Ltd;, sellers.'lss. 1 .9 d. ——— -' - :. LONDON MONET MARKET. . r . ■:r Tlio'. stringency ill tho..Lonclon continues.-.- The;; Bank jof England;return pubjlishedpyester.day:: .mbrning.-vshowß",'that / .aV.6'- jer cent.' -rate vis :posdble/-'if not in"'the near future../The;s per cent. rate.which camo' into cffcct bn October 21 has had time to 'operato, but' apparently .it has not- checked' the outflow' of .cold,- for last week the :bank :sustained- a' further,; loss : of ; the >. metal •to ;the -. : extent■ ■-..of '£670,00p.v' The: reserve, has t.fa'.conseauence.'declined,, and the proportion, of reserve to liab'litlesi .is l nearly.'two points, lower', than' was tho case a week ago. - In, tlio open market' there .appears),td* be ■'a'.'dearth:of-.monefiJjr the '.shortJoan - markot, and - tho rate has advanced *o 4J 'per .cent.; ,tho isame as: ,for .three' months'- bills. ■ The iratcs: these : two '' classes of ' temporary investmetits 'aro r.ot 'usually, the ■ same. Indeed,it: is..yermnusual; 'and;it ; is,-,.therefore, 'obvious" that .thei'e'.'must.ibe '.a. - change 'in ' ono or the -other;;" :, .rhe-. Quotation for. l ,threo': months' trade .paper will .probably: ba advanced'-this 'week; and/bank', rate - WiU.-. soon' follow' unless there -is ■ an ; bf, gbld..-.--A: 6:per cent.; rate has -.been-..-in' ,bperaiion -.-Bome:wiiat--frcPuently in-.' recent yeirs. >. In: January last year '6 per cent waß.the rate :for, 14. days, in November, 1907, the samd .rate" was imposed for three' days, when tntn;.effect.-, .And-' in' 1906,•. fronupptqhto' 19-.t0.-January : 17 of'th'e fof lowing yehr, 90 days; a,' 6, per cent ; bdnk rate-.-wsvS. experienced,,, so-.that there is : ' nothing,', unusual 'in .-.(he -. r»to. -..It; however, -im--' poses v a:.-6heCß:' on -business- and, aboiit«'«' deeluiojin-jlho-ivaluo of .commodities;::. 1 ;At- the N end of- Scptomber the bank' rate%is' zi!per' : Qent.j. apdi.it/is :now'.s .per' cent.; with' every, nr.o3pect'. of ' going higher. ' Tha • rate for short'lbans! was'l'-;per'.ceht:V'jti js--now '4J-'-pdr : eont.,- and, for.-.three'-months'',b£l!a : 2.' J-16 nore««t»;vT»WJe;' now; itfjs;. 4J a pencent;:--Financial: Lopdon: was unable' to foresee -tho ' pendine change;- ;' Fcr- instance,, the-."Btatist," of - about nya;we'eks ago ;mentioncd. that.'tho great-' factor was; the', ea^e. bf; mMoy,: f ahd';that;'there'-wasTnot likely.,to.',bo.:yanv,-t:carcity. of; banking resources .for• ssveraliycars. '■ '.Tho' : viows- were oxpresscd'- as follow■. : i \ v -. «^'.™ment , '_at/!he'prc^e , MB? the , qasy/'condition', ofv-tfie' m'oniiy, market■ the -expansion-,,.in -trade: .and- the-'very lariro : savings available for investment in the' United I.States;: in.-.thid; ard; in: other : .countries.' vlt' i» ,true .that; the reenvory in-trade will'later'on 1.001 l for a- good deal: of. money, but .evcrv. year the'sayings of'the nation's are greater than they were the.preyibns:year, and;,furthermore; at.no tlmo.hM there-been; so much gold avaUab'o fbr -currency, or for. basking; purposes. Apparently '.his.,- means. that -there ..Is ■ not J.ikely'. to, bo any ECarcity. 01.-. capital ior^.of;,banking, rosource3 for soveral,years,.at auy,.raie,-and--that until trado becomes ■ undnly • 'active, and •* tho demand for capital..excessive, securities ,paying" reasoilablo rates of. ntprest or.dividend; aro likely to commana ■ relatively, liigh figures- ■ • ■; Onst'oms i'atifweUineton = ve's--teft^./an!^tjßd^t^. i: £llW-'10a: ".ijv •; "i. WELLINGTON-MAEKKT-EEPOltT''' ; -'

Messrs Laery and Cq, Ltd ro. port wholesaio-prices ruling-on -tbe market-'-'' Wheat, fosrl,',v4B(..'ißd;-.,' ' 10d-;■ -feed oats,is.iijtq, v 2s. v. 5d.:,. dun,":..'oats;' 2s'.' 3d V> .2s- . 4a.i'.woa;oßt»,vtof 4d;. : to'Js.-'Bd'algernn • oats, 2s. 2d. to 2a.; 6d.; maize, 4s.< Id.' to 4s' 3d • crushed,- malt, 'Vs.; ifowl barleyi- 23. 4d- 2a'. 6d.; ..Capo- barley "Seed. Zs." 6d:to 2s-" 9d > • flour/ Ne.iv. Zealand,.fill-55.; to'.£ll ■ 10b.-.- Australian,'£l2! bran, -,£3 lias:,.;, to ..'£4;,.pearl barley, '155.;.' peas ' Prussian blue, 6s. 3d: to 6s. 6d.; fowl: peas 4s : Bplit, £1710siboncduijt, £5155.;. superphosphates' £5: to, £5 53, j t { pollard, :i£4 •* 15±;'to ■' • £i.; 10s:',' 1 . basic . '81p5.,-' ■, 105,;". v chaff; ■ oatenihoaf £3 .Es. t-o ■: £3 ->. 15a.; oatmeal; • ■ £10 ICh to £11; - ( ; pota;toes,' • jtable' "£4 • 'to 'X£s;', :• New < Zea-' land. seed,., potatoes, Up-to-Dates; '.'£4 ■■ 10s.' to' £5; ■ Californian ■ onions,,. £17;- molaa'cs'' fod dor, r 4 _-£si'. baron, ■ \ factory,; Bides I '■ 73d ' hams • . aid.',,': ;'^ollß^^'"'.BJd.•i l i:.;:butter. :' .'nrhnii bulls,' Bd. to 8)(1. 'Poultry:, Jdrjto ss> 6d.; ducks,.,6s. to 7s.;'. turkoyß.Vfcobbloro '•IS')''to 205.; • hens,s'los.-:to ' l4s.i fresh'.eggs/-ie.Tdozen; cheese, 6d.-tO '65d..:per Ib.-jvloaf, '7d.';rfo 7Jd parlb.; Akaroft machine-Jreswd • cocksfoo'', 7}d ' to Bd,; farmersrf.dressed cocksfoot. sd. to 6d per lb.; ryegrass;- : 3s. "9d.: to-45..-6d. j per '.: busheh .Italian 'ryegtMS',"3B.' 6d. ,•to. 45.,\6d. bushel, whita clover, 705., to; 755.- cwt.; 'red • clovor:"7ssr owt' cow grass);;,76s'. ':eivt.; alsike 82a. 6d.-cwt:i' mW; tard, 40s -owt.';' trefoil.' 375.' 6d.' 'cwt. rape'"6rcd '• 263; cwt.;. timothy, 325. 6d. • cvrt;, flwedo and turnip' seed. 603. 1 to.'6os. cwt.' . .

HIGH COMMISSIONER'S CABLE The-.Commerce: and .Tourists. Division haß' recoiTea- tho following • cable xmesoago from ' tho High Commissioner. 1 dated; London, October 30-— , Thoiinuttoii'.'inarkot' ishvfry/qulet. 'ttnd. epeo'uls.tivebuying, ;has ;<jndcd;-.' Buyers aro not inclined' to .make -forward' prircha'-c'n t present;prices,; .but i stoclisj'oi:., mutton- 'on hand' are light,, and aroi firmly held in a fow hand" lhe averase • prico to-day for Canterbury nlutton is 43d. per ln„ and .North Island 41d. Mntton has only reached present: prices on .ano occaiinn since February, 1907 Tho lamb : market u. timet,- and there 1 is - a dull sale .for : lamb.- ; The average price to-dnv f°[ Canterbury brands is 4?d per lb" and Islafld 4Jd per lb 11 \ .The-bee!, market isvsteody.' The" avoraffa- ijrica^ ;fco-day fbr -New Zealand hinds is 3gd.-nor W- and fores 3d nor lb -.- . .• V'^ra4rkot'. : is''.firm -.':tor.'best- quality, but the high price, restricts tho dcirind Buyers of butter are holding bick expecting prices to go lower. Price of:choicest• New' Zealand butter' to-day is 117s per cwt Argentine fl6s , Aus trSllani -,;1163,; ; Danish; 127s..and .Siberian--106s ■ .The-cheese .market-is 'dull, and -there is"onlv VfStiißll. demaadi.-. -Average prlco-'of flhest'-New : ;ZmWd, l 'cheeEe'f^to* : ,'U v :s6s v ;per':o^.- ; -y

' Thehemp- marketGis; quiet but steady. New. Zealand; good .fair,, on spot, per, ton, £27 10b.; New; Zealand' fair ■ grade on ,Bpot, .per ton; £26 IOs.V fair current Manila-on spot, per ton, £26:' Jannary-March- shipment New Zealand fair grade,', per' ton, £27; New. Zealand fair grade,-per-.to'n, £26;' fair current. Manila,, per ton,'£2s 10s; . Manila: output,'-' 33,000. bales'.;,, f,;>? i s , The cocksfoot eeed market" in firm; 'and'.there aro light stocks on hand. Tho average price for bright clean Now Zealand cocksfoot seed weighing 171b. per bushel on wot is 70s. per cwt. The hop mo.vkct is firm, and prices continrie to advance.: - The kauri gum. market . is ,flrm' t -.yith.' more inquiry./ Stock, 362 tons.: Ordinary to.fair/ threequarter scraped, 1705.;. fair. haHrSoraped,'' 1055.; brown fair half to three-quartet scraped,'9os.; brown' piik'inge common to good, 425.'6 d.; bush fair :to good pale and.-amber scraped, 160s. Kivcr. Plato shipments recoived during September:— :» ■ ■ . . ... r . .- ■ ■ .Mutton. Lamb. -■'London'. 68,503' ' 10.210 , Liverpool ' 108,175 .. .' • 5,059 . . Hull .'. 6.950 1,000 ■ -Southampton > •: 7,766. -.-' 1,850 • /.-Cardiff.: 5,135; • : sro •' . Ireland. 1,500 . — PRODOOK MAKKETS. ' (By Telegraph.—Press Association.—Copyright.) , London, October 31. . Twelve '.thousand' quarters ; Australian wheat; December-January shipment,"have been, sold' at 38s:'per , quarter., ' . \ . ; . '.; : The : first shipment this season of Argentine butter has been sold. : Salted realised' IMb. to 116s. per. cwt., - unsalted 118s. ' Babbits are firm,, prices' unchanged.'.. English supplies .'.are, smaller. . . /'" ' '. —~~ . ' •v METAL. JIAEKETS. London, October 31. ■-Copper,;oh.the spot, £57 13s. 9d."per ton; three montna, £58.158. ; electrolytic, £59, 15s.'; . , Tin.—Spot, £138 2s. 6d.; three mcnth3, £140.-*■ Lead.—There is a slight slackening of consumption, but. the undertone of , the-market is firm. Quotations rule, at £13 2s. M. v.. 5i1ver,.23.1-16S. per ounceWolfram is quoted .-at about.j!9s; , . ..•. •Tin-plates, 13s. 3d. • and 14s; 3d,; tram;- rails, £5:55. ' ' - V- . CUSTOMS REVENUE. . ' " ' .'(By Teloßraph—Press -Association.) - ' . Auckland.. November 1;": The" Customs duties collected in Auckland forOctober . totalled £59,923, an increase' of £5678 over.the total for October of last:year.' . AUCKLAND'S; EXPOETS. ! - ; , (By : Telegraph-r-Press Association.) ' : ' Auckland, November 1. : Th e, exports from - Auckland f or. October - show an increase in almost' every line. „In gold and silver the'.increase was £38,612r-batter, £16,385; on-cheese, £3832; wool. £4749;' flax, £3674; tallow, £3172; gum, £34,744—a1l increases on the figures, for .October,. 1908. :