COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 659, 9 November 1909, Page 8

COMMERCIAL ITEMS.

v ;;;: investment* shares/ " ' ''.' No .transactions took' place in inveatmenV . shares yesterday, and thisi continued. restrict?™: ™i,,« us "ni 19 -» m , ust - A 0 a «ri»ntcd to-the h ten values. Capital yields a better return on morS gage than when inverted in. shares. consequimtlv the latter are not in great demand. NationalJank buyers-£8 195.; National Mon ß apo7buye?a £2 19a., sellers £3; New.Zealand and Biver Plate ' ll^ltV^^ 5 J el W Jnvestment. buvers lls., Eellers Us. 6d.; Feildine Gas, buyers £1, '■!;• : 3 <i;r Napier Gas.- sellers £12 7s/6d:Elinor. ■ Won North-Gas. sellers £8; Wellington Gas™£6 !. 55., paid, sellers £14. 55.; , Christchurch-Meat £5 |. pai£ sellers £5; £4 paid-buye7s"-£lO ;. fs.; £lpaid, buyers £2 135.; Taupiri Goal, sellers ■■ 4 9 /-V. 'z? 01 ,' .J"" 1 . -sellers .-JEe:.ss.;..WeatDort-- , Stockton Coal, buyers 6s -6d.s ■Irfyland-'O'lK : T l ?'i er^ bbuy e r 8 3s - W.; New Zealand ConEollI dated Dental,; sellers £1 4s. 6d.; New Zcalane ■ Portland'.dement. sellers £1 17s, 6d.; Waid and v Co., brewery -shares, sellers; £4 ■ 11s.- , • ■ • <; i :■■:.■, THE 'MONET MARKET. [ A singular, situation has arisen with respect t to..the rate for "short loans," and-the open mar- , ,ket;.discount rate. The latter usually-depends . : on:the state of tho short loan' fands'and tho .- market'generally, and \ the discount rate is al- ■ most inTariably -well beyond' the; short ■' loan i .rate/but for the past two weeks a now position s has been' disclosed. This-will, be -the more . readily appreciated, when the • rates are • comI pared , for a : period. . In tho table, appended '.' the rates for the : past' ten weeks -are- given:— i. "■?■■ ■■; '■• ' ■•'■.•'■ -.--,' ■ "• -.- I'"'-' ■■ ; ,: Three' ... ■: ; -,- . -'• Short months' •'■ :•••.• : •.•-■ ■'' ■ '■ . - .!. loan. . bills. ■■ ••';• . .- . - ! Per cent. Per cent. : .'"■ Sept."l '....'...'....■_.-.-.._...: 3 1J -. , ■: 'Sept.'B _ s'. . :» , :-,;Sept. 15 ».: j .--..: lj I ■; ■■. Sept: 22" .;■.....■.'.:.-.■.;—:.'....... .'. 3 . . 115-16 5. ■- Sept,29. ■......;................■.................. 1.. .■■ II ; C ■-. Oct.:. 6 '.... 1 • -. ■ • 2 il6 ;' Oct. 13,. _ 1| 31 J' Oct. 20 .........................-.......:.. 33 4J » '-.': Oct. 27-..._.......„„-........................, "41-, '41 ■ ' -.Nov. 3 ■....._............_...•;....,..;:.■....,.;.:: 43 , .. 41 ■ . There must be an extreme scarcity, of float- _ -ing credits at the moment, but this cannot J last very long,, for the: rate offering now,is exf tremely attractive. The rate for short loans has -advanced.'-by 4 per cent, between the extreme s dates,' ■ while the rate for threa months' trade i paper is only 3J higher. 'Furthermore; : while v on September 1 the 6hort loan rate was 12s; 6d. '. less than;-the rate for three months' bills, last II week the: rate, was actually ss. higher. • It is ; .: 'difilcult 'to' account for these: movements. 1 ''.'''■' ■ ' '■ ■ . . ; . -j ■ '-, : :- ■ f. ; ! .Cußt6ms. revenue collected at Wellington yee- ' .terdoy amounted to; £1128 Bs. 3d. , .■■.;: I '■;■:..; ''• I'E'Cli'l'iAlSD PEOBtTOE BEPOET.i , • . The Now/Zealand Fruit and Produce Co., Ltd., ■ -report - prices. for the week ending November 8, » -as follow:—Potatoes, ss. to Sβ. 6d. cwt.; potatoes' t (now), 158. to 203. cwt.; lettuce, 6s. to 9s. case: ;' '.swedes,' Is. ?d.ito 2s. 6d. sack; onions' (Ameri-' cau), 14e.-'6dV. to'l6e; cwt., case 145.; onions-(Vie-;torian), 10s.' 6d. to' lls. 6d.; carrots, -2s. -'and -3s. ! ' Back;;turnips, Iβ. 94. to 2s. 6d. sack; parsnips; la, > to 2s:»6d; eaok: beetroot, -2a.. 9d. to An. 3d;-sack: r pumpkin,' 7s. to Bs. sack; marrow. ss. to 7s.sack: )' cauliflower, IDs.' to 14s. . 6d. sack; cabbage, 6e. . 6d. .to 10a. 6d.'; peas, lCd. to Is. 4d. peck;' French ■beana, 4Jd. per lb.;. rhubarb, 3s. to, 6s. dozen- , aaparagtra, Id. .to 9d. bunch; mandarine, Bs."9d. |. to lls. half case; pineE; 9s. to lls. 6d. half case: 1 .lemons, 7s. to Bs. 6d. half case; bananas. 7s: 9d. • to .10s. case; passion fruit, lls. to ,11s. 6d. boi; .-' passion fruit,, per case, 205.; oranges (Island), 1 10s. 6d. to 15a.; oranges (Sydney), 7b. to Bs. 6d.; ■apples (Taamanian Scarlet Pcrraain),'l4e. to 16s. ' caso;.,apples..(French crabs), 145.; apples • (Stur- : mers), 10s. 6d. to lls. 6d. per case; eggs (freshV 1 Is;'to la.. Id. dozen; turkeys. 14s. to 18s. pair , '■' lions/4s. 6d. to ss. pair; ducks. 63. to Bs. pair- '- bran , ,'9a. Back;.'oats,'2s.'2d. to ,2a. 4d. bushel; chaff,' £3 to £3; 10s. ton; peanuts, 20s. sack; pre--3 served ginger, 6Jd. per. lb. , -. :. !:• DALGOTT AND COMPAKT'S PHOFITS. , 1) IBy Teleßtaph.—Pfeas ' Assnr.latton.~Oop;rietat.i [■ . , London, November 7. a The profit oarned by Messrs. Dalgetyaad Co., Ud., is £225,771; A dividend of 6 per cent, and r a bonus of 1 per cent, aro declared. . ■ : ' The Bum.of £50,000 is carried to reserve, £30,000 '•■' is "written off premises account, £5000 added to , e the staE benevolent fund, and £70,771 carried forward; ' . : . . ■ . .. s ■'•'■',•■■ ,] . '■ ■•■' ■ ■ '. ■ ~ '■ ■' ' ' ■■'■ : '-. ■ ':■ :''■ THE ; FEOZEN MEAT MARKET. "■'■: ■ ' . • v(By.Telegraph—Press Association.—Copyright.) . i ■■.-'■■ London, November 7 Tho Frozen Meat Trade Association's Smith'. P Held markot quotations for the undermentioned I' olaesea of frozen meat are based on actual sales it , of not less than one hundred carcasses of ;mutn ton or lamb, or twenty-live quarters.of beef ,of a fair average, quality. Tho quotations aro not :, for selected lince, but for parcels- fairly re-: prescntativo of tho bulk of ; the shipments uov< ° on the market. The which follow aro !? on an average a farthinpr per lb. more than'the' U -yaiie ex jWp, .tliia tUSereiioo ■• upxsaeotlpf a&.

average cost'in expenses, handlintr, conveyance. N an'd-eelling the meat:— ■'■ : ■"•"'■' '■■'.-■". Ni "..."' u , '-- ;0ct.'30.; .Nov. 7. 1 Mutton- , .-•.-.■ ■.-•■:•••;•■.-■ ''d.' ■ 'vd. ■' Ki ! Canterbury,, light "'; 4J ;..-■' 45-16 , S: \ Oantcrljury,.■medium -...41 '45-16 i' . Canterbury, heavy .4} 43-16 J; ■•■' North Island; best ..". 48 ,' 4J., , North Inland, ordinary ...._„.... 45' *4V'" S, Auetraliau, light ;,.." 35 33 . S ." Australian, heavy,.............". 3j' '38 g. River Plate,, light „ 4 '. 3J }j • Hiyer Plate,'heavyf..: .;..; 4 ~,..',33,.. ™ banib— . ■ ,-* '. ."■' ''V ~ : ; "'. : . ' ■■■' : .:;,'■:::■'■; ■'• pCanterbury, light.''!! i..,.,'., , .:'..';' 4J ■■.■■'" fl ,;: ' B Canterbury,: medium ..::..■...'...... 45 "'. : 48 '. : ' Canterbury, heavy ..'.:..,..,:..■.:.;..;. 4J--r '" t. Southland '....'...'....j. '....:: :.... 4J '' '■' 4J ;'■ L ■ North Island, Eelected ........;.."..;'. -4i. , -/.-i"'4l ■. rt I . North Island, ordinary '..; ,V4J ■'.'"'■:.—■ ■ S • Australian; best .'...: "■—:" • •'•:."—.-. . f, Australian, fair ...-.......'..;....:: ■—'i~' :: -—' :: ' p Australian, inferior ....;.;;.....;...' — :., : —■'.,■.".■' ;• . River Plate ..'.......;. .., 45 .;';'. ■■—: ...'. ['■■ ■Beef— '■"'■'.'■"* ■'-■""' : .: : : 'V\.'''-''P^ : } >■■' ■ -New Zealand, ox fores .'..-i;....;;S 31-16 ''. 3J' ■'■■' '.'■' .New ox hinds! '.'...;..;; : 33.•,.<' ~37-16 ."■ Auatralian, ox forea■".;.;;:..'.:';„: 3 ■■■'.■.• ■■■■ 31-16 ,■''. Australipj, ox hinds ..:..: ;;.':..-35-16- ,3|.,... '-i, ■■' River Plate, ox fores 1\:;...'Z. : .l ■3 ' ' . ; —".■■■■ ° ■ Kiver Plate, bx.hinds ...:.::.:.'.. : ... K 35-16, ■:. '~ The shipment of chilled hinds, ei Marathon, : averaged 33d. s.'. ■■ ■~. :■. ~"' .■ ■. • ;'. ■,<'■''-..■■.-- 1 -,;,; :, ' ; : COLONIAIi AND .OTHER PRODUCE?'^fi':'- '■'. (By Telegraph-Press n : '~.■. London,-November .7.'"-'' Hides.—At the sales only calfskins were offered. '.' First Sydney, wet BaHed, ; 9d.; second ycarlinge, ■ ed.., ' .'. '■; ■' .' ■~' ■:■•■ „:■. ■■.. '■~./ ... '■ ■..■ ■' Basils are a halfpenny dearer. ."" ' '-'?■■■['■'" '■ " Hemp dull. November-December. Bhipment, £21 . •to £28, per. ton. . .■■:■ ' ' ' : ■"■■."'.'■ ; ~■.■-.:■"■■;. ' Cotton.-Liverpool, November-December,. 7.47 id. ' . HIGH COMMISSIONEE'S EEPOET. ' The Commerce and Tourist Division has re- .':. ceived the following cable meesage from the High Commissipher, dated London, November 6:— The mutton market is dull, and business is curtailed by the advance. Recently trade for all ■ classes of mutton has been very slow, and prices .' have been barely maintained. The average orice , : to-day for Canterbury is 41d. per lb., and North i Island 4Jd. per ]b. . ■ . . ■ '-■■• ■-. . : : ■•' The lamb market is depressed, and. prospects »< are unfavourable. The average .price to-day for _ Canterbury is 4Jd. per lb., and North Island: Z. ,4id. per lb. ■ -.■'.. ■.'-.. . „ : The beet market is firm, and,there is a better " demand. Supplies, of American chilled beef are ° small. The 3.8. Marathon brought a shipment i. of Qneenaland beef chilled by the Linley process. , The beef arrived in good condition, and realised .- average price for hinds, 4Jd. per lb., and for , fores, : 3Jd. per lb. The average price.to-day for J New Zealand hinds is 3Jd. per lb., and fores., r 3Jd. per lb. . ' The butter mar.ket is firm. There is active ■ demand for best quality, which is- in yery limited supply. The average price of choicest New Zealand butter to-day is 117s.per cwt.; Australian, 1163.; Danish, 1275.; and Siberian, 107s. i Cheese.—There is a bettor demand, and small supplies aro on hand. New Zealand is qaoted . at 575., and Canadian 575. , ■ v • ..' e - Tho hemp market ia rather quiet. The price ] for New Zealand good fair grade, on'srot, per j ton, to-day, is £26 155.; New Zealand fair grade. , on spot, per ton, £26; fair current, Manila, £26. x January-March shipment, 10s. less. -New-Zealand < good fair,'£26 se. New Zealand fair grade, -X 25 . 10s. Fair current Manila, £25 10s.' Manila out- j put, 24,000 bales. ■'," , '.. ~-,' The wool ,market ;is a shade.' weaker, but i business prospecte are good.-' The current: Brad-: , ford quotations for tops are:—36's low crosebrede," . 18.; 40's ditto, Is. Id.;■•Wβ medium crossbredß, la. 2-3 d.; 50's haUbreds, la. 75d.; ' 66's quarterbreds, is. lQld.; 60's merinos, 2s. 2d. - - i V The River Plato shipments received in October ■ ■were": as .follow:— . ■ '■;■:. - •' ", •••.'" " •■;-'■ ' Mutton. Lamb. .■ ! London ...: ; ......'.. U.IM.-;'. 490 Liverpool 70,088-. 4673 , ' \ Hull •.;.. 4,ooo; :.■■■■-.■ : ' Newcastle i..... 17,705" ~ "524' :,' ', . Cardiff ' ,-.: - 800 -, ''.' : -".:■:■ •■ Ireland .........; :;I .2,700.. .■.;..-'■ : , ' BANKS MEAT COMPANT. ''.\'.'"■'.' ' ' (By Telegraph—Press ASBOciation.) ! ,; , ' ■ ■' • "' Woodvillo,'November 8, ; •A meeting of debenture-holders to the' Banks Meat. Co- was held \here this afternoon. The meeting was convened, for the purpose '-'of receiving tho balance-sheet and 'receivers' report for the past twelve months.,'mThe balance- • sheet showed a very satisfactory 'result, upon' ' which the. management committe«'''smdi'the re-. ceiver were. congratulated. Arrangements wero :inadc for, conducting business on. an extended scale for the next twclvd months,, and the management committee.was re-elected' for a further penou of . three years,: .:■•. .:' ' / '