COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 719, 19 January 1910, Page 10

COMMERCIAL ITEMS.

X':- /!,/;' '■'.."'.-"/.'/. •'Nonbusiness ,waa recorded ..yesterday. Brokers ;havo.,<iuite:a'number of buying-' orders to xiecutc,.but • sellers 'are scarce National' Bank,,buyers'. £5 ;18s;; Bank of JfbW; Zealand, sellers £9 i 10s.; Wellington Investment, lis.; ox div.: Wellington Trust and Loan, buyers £7 45.; National Mortgage, sellers £3; Now Zealand Loan and Mercantile, buyers 35.; Ohristchurch Gas,::buyers !£9 ;15s.;' Wellington Gas, £10 paid,' sellers £18 Sb.; £6 15s. paid, Eellers £14-55.; National Insurance, buyers £1 7b.- 6d.'; Sbutißritish Insurance,. buyer* £2 145.; Standard Insurance, sellers' £1 '3s. 3d:; New Zealand Shipping,-buyers £7 lCs.;' • Wellington' Woollen,' sellers £3 4a. 9d.; Hi•kuraiißi Goal, ■ buyers £1 25.,': sellers £1 25."6 d.., •'.. ,".■'• .;■.' ...-'■■'••■. ':':' ? i

'■':_ ;/;;./ LONDON WOOL:SALES.'/ ,' , .i By noon, fb-day woolbrbkers in Wellington should bo in receipt of cable advices as to the. tone of the London wool sales. Thero : arß very:., strong indications that crossbreds will; advance)'; for,, apart from the movement'.Recorded "at Antwerp, the -Bradford top market for crossbred counts ia hardening:.;- :It is not unreasonable to .expect -an, advance' of'7J to 10 per cent. . for orossbreds, the Tiao at Antwerp waß as much as 20 per -cent. . The London cor-, rsspondent of the Melbourne "Age," writtog .under :' date'.; December 10,. says,. with respect: to :tho wool' market;—"ln the manufacturing;.districts of .this country trade,; in' wool and /tops' .continues active in. so/far. as"attending to current requirements: is concerned. ;. This gives to , the; business, doing-somewhat of a-retail character,:the 4 transactions being -mostly.small in'-.(niantity, at-.the ,samb time.so-num-erous-are /tho 'aggregate is very, considerable. .That this should be the nature of dealings at tho present time is scarcely cause, 'for wonder. .There, is always a general > disposition manifest to- , wards;the oloso of the calendar year.l with the holidays; and'annual stocktaking and balancing in prosocct, to limit operations to what is: indispensable. It would not havß ' been lit' all-surprising, had trade dropped oS altogether, as it often,does in ;tho month of; December, and the,fact that, 'thoro a/re;so many, people in evident'need pf.traw. material,-oven, if it:.be only'a .small:tiuantity,'to carry them over into next year, \is -a'', very; healthy and: hopeful • M%n. :. With ,such a. state ■ of:.affairs obtaining, -it meed, hardlyi bo-'.'said that tho' values .-, are / fully, maintained;, for some . rfiiscriptions, indeed, . such. -as ■' fine;'. crbßsbred, 1 urgently required and- almost, im.possible to. meet .with, there is no real uW.rkct value; '-users- are forced to pay what 1 , tho lucky holders • demand, -if they must! have-the stuE."

!v///^::!■'■:■' WOOIi'.EXPOETS;".■!-.•: 'S.V'y .'The following 'are;..the! Australasian • wool "cipbrtß froin. July. 1:to December- 31, 1909, compared with the corresponding period of- last/ year,: as compiled .by/ Messrs. Dalgoty and. Co.-, J ltd.:—/'-. . .-: '■;;-.■'v-- ft ' :J - ■'■■■•. :/.;..■■.'//.. -':■/:-1909.,'....-:•; i90e... :.//:,,.;,.;,.;-;.../..-;;.: ; ;..; \. ;Dales.'.' . Bales.';. .'; Victoria ..;../../.'/.'./'.'..:...;'. 327,536 - ; /' 289,709 - '■/.'New South.Wales '..,./. . 477,450 .536.430 - Queensland '.- 1 .............. 138,632 . 118.068 ■ South' Australia ......... .138,128 '." / 137J73 ! /'West Australia • ....;.' 41,581 ■;'... 44,1(16 !.! ; " : '-:;' '■ , '•■-' , ' '1.1Z3.127 1,125,545 v ,New. Zealand-;;'..;;..'......-, 163,917, : ,142427! -.' v " ; !/ : / '.•';■'•;; ,1,287,044 .: 1,267.673■ From Australia there is a decrease* of. 2419 bales, due, no doubt, to the disorganisation caused to. shippin.tr by the- coal strike. '■. New Zealand eihibits a gain of 21,790 bales,' maktr.g the total gain- for Ahatralasia 19,371 bales. ..-•..-.■ ■, ■ • IMPOETS; FKOII BBITAIN.!//^:/!•! The following: is a'return of the prin-, cipal lines of goods of British manufac-ture'exported-to Now Zealand during tho month of November, 1909; also for "the eleven 'months onding November 30,'1909, with jthe/.fl.guroa- for 1908 shown for 'the purposes:.'of -comparison. . Compiled' from the Board: of Trade-returns:— ~.--- '.-. ■'".■" : '/ V..;.;'; Month.. .-'. Eleven months ..,':. ■'■'- '/'ending Nov. 30. ending N0v.30. : ;.;>•/ v'■,; ;:;/./;;.i908./ 1909. 1908.. . 1909., Beer arid ale//:',2,781 - 2,366 ,'.36,777 i ■ , 32,056 Spirits ...... , :.". : ..V.':20,611 .19,172 218,503 203,583 ■Iron' arid.'steel:/.; 1 .-"■.-'.'•"■ ', - ..monufaotulrcs-'.''.' -thereof/ ......::86.60Z / 64,825 .933,001 ■ 739,844. Copper— •;;,'',...'/ ■ '"■■■■'. ':■, Wrought-; and...... .-'■■'. . ■". ' :;."/' ./manufactured; 1.915. 1,583 38,060. 23,917 ! Cut1ery,;..:...:.:;.:v''2,277. 1,624 .35,841 ,28,126 Hardware; : :.;:;.. 1 9,883 '7,108 124,956 88,428 .Cotton piece ; '; .■'. ''- goods ■ of. all : ' '■• ■ ; ';.kind5.::.:.;.,:.-35,965/! 40,087-,,563,580.. 584,256'> ,-WbioUeh'.■'■and\. ■■',";■ :■:■-'■■ '-/.■ i/wo r 3. t o:d■;-.'-' : < ■■ •■--.■.■■....■-'■'.'■ ■-'.-■'". : manufactures .30,847 ■ 24,396 . 349,354 : 202,132 Haberdashery).' ~...' ... /. ■ and millinery! .4,550 . '3,909. ', 73,503 , 56,178 Jute mahu-; '/'" ' : ' -.',''"'.,;.' ..,'•• facturcs ;:.•/:..:.• 2,850 71,931'. 34,536 33,356 Linen ,/ piece'.'' V:/<z .-;■■.-- ■.;••','.'';;'/ ■.'•■ : '.- :,-'■'.!-'.-j ■ goods of all :■■■■ \ ; / ■',::■, , -■■'■•■■ .■■-•'■ '■ ■ kind5.v....'.:....": 5,964'. '7,111 88,220 .78,870 Apparer ......... 26,530 19,924 421,536 409,297. Boots and shoos 8,914' 5,340. 170,611 150.426 Saddlery', and; : - ' ■■ harness ........ 3,161 ■ 3,830 .: 36,949 33,842 Earthenware",'' ''.■■•' - .; and glass :'../'; 8,793 > • 9,316 104,435 . '84,312 Writing, and;.' ;/ ■■ . :■',:.p. r!!i nting.' '■■/ ■■'.-'■::': 'paper''.:....: 11,765 10,4=9 116,732, 105,35', Cem0nt'...........'',1,993 1,724 33.6U /.'. 24,612 S':'t'at'iou«ry'.;...- '■'.' .1 ot.hei''/' than'.;■. - , '.'papor' .......... 4,864 / 4,022 63,631 53,833 - LOANS IN LONDON. Borrowers in' London are apparently^ not to find- thiCßS' as' smooth as they, did'a year ago. Tho loan just placed by India was a failure, for the underwriters had, to snbscribo for half the amount.: Tho loan was-/ for £7,500,000 at. 3j per cent., tho .issue"price being, £96 10s. A year ago a loan for'a similar amount, with tho samo rate-of intorost, : but issued at'£97, was over' subscribed.. There is, of course,- the difforenco of.the monotary conditions at tho two periods to take into account.. Last year the bank rate was 2J percent., it,is now.4 per cent., and-with trade exhibiting a revival thero is a greater demand for money. ■'■'-'. '.■•■■: "■■■■ •.: : / Canada is about to issue a four.million 33 per cent, loan at the minimum price of £99 per cent. Tho loan is said to be mostly for conversion purposes, but even bo it'is scarcely, likely that it will prove a sue-, cess. On January 21 last year, Canada issued ten-year bonds for £6,000,000 at 53 per cent:, the issue prico being.£99 ss.'Tho underwriters were-obliged-to take up 60 percent: of thiSiissucThe Canadian Government' was■ /again' on; the> market at '• the end of June last year, this .time for a 3j

| per cent, loan for £6,5C0,0C0, the issuo price boing £98. The holders of four millions of 4 per'cents.' had tho option to convert.' 'Of this issue tho underwriters had to sub-scribe-for 55 per cent. Canada's industries, however; are attracting plenty of capital, and a good deal-of it is coming from the United States. According to the Toronto "Monetary Times," the' total amount of United States capital invested in Canada's industrial resources is about £46,CM,000. No apparent distinction is drawn.between.cash and purely nominal capital; and in view of tho prevalence of mere paper the amountis, perhaps, not astonishing. A list of tho principal American companies having Canadian factories. shows. that eleven make miscellaneous special ' machinery, eleven carpenters' or plumbers' supplies, and that eleven are drug or cattlo food nonces. The implement factories aro. ; nine., and there nro ten grain elevator companies. One cotton duck and one hair cloth mill are the, sole American textile enterprises established in the country. .-..'■'■•" ..

; PALMEESTON MAEKET REPOET. . Mr. Harry Palmer reports a busy market on Saturday last. Pigs came forward in large numbers; and of good all-round quality. Prices- for porkers and all 'heavy weights continue low. Thcreis a moderate demand for weaners, quality in every case taking ;prido'of "place., We have (continues the report) been , having -exceptionally heavy entries of poultry for this season of the year. ■ Prices,- however, aro somewhat low, owing principally to the poor quality offering, the bulk of tho entries, being half-grown cockerels, ducklings, and old, hens'. There is a good demand for prime table lines, also pullets. The fruit season is now in full swing, and there is. no shortage of any lines, except apricots and. raspberries. Prime ' table potatoes are, holding their"■ own, and are in good'demand. -There is a keen demand for good lines of vegetables. 'We quote:— Weanors and Blips, 65., 6s. 3d., 75., 7s. 3d., 75.. fid., Bs., 9s. 6d.,.105., Us.- 12s. 3d; stores and light,porkers, 10s 6d;, 14s. 6d., 16s. 6d., 17s. 6<L, £1; heavy sorts,-£1 Is., £1 Is. 6d., £1 2s."3d.';' hens, mixed ■ sorts, '25.: 3d. to 3s;; young,- 3b., to-3s. 9<L; pullets, 35.-3d.; to Ms. 6d.;. ; ducks .and ducklings, 4s. 6d., 4s„ 3s. 6d„ 3s. 3d.,, ; 35., 2s. Si:; : cockerels, -3s. to. 55.; half, grown, 2s. to 35.; chicks 9d. .to 2s. pair; guinea fowls, 55.; pigeons! Is. fid. to 2a. • No geese'or turkeys offer-ing.-.Table potatoes, Bs. 6d. to 9s. 6d. cwt.; pig potatoes, 2s. fid. sack; pollard,, Bs. 6d. to 9s. 6d.; barley, 9s. to 10s.; chaff,.3s. to 33.fid.; cabbage,-'3s, to 55.; green- peas, 7d. to' 9d. peck;; rhubarb, 6s.' 'doz.;. tomatoes, 2s. 6d. to 4s. case; apples, 2s.':to 55.; plums, 2s. 6d. ■to 45.;. peaches, 3s.\to. 65.; -raspberries, '6a. to. 65.; 6d. bucket; cucumbers, 2s.'6d. to 3s; case; hams and bacon,,6d. to 7d. lb." .■••.'. .-■; ■'- ■■-■ - - ... . . Customs revenue'collected at Wellington yesterday amounted to £1829 23. 3d. . .TEADB IN ALLEN : STREET.' - Hay.—Some excellent consignments are coming, forward from the Marlborough district, and prices are below, those current liißt; season.';. a .--'--;•■-;: . • .Chaff.—New season's chaff .from Marl--bbrough and.-Wairarapa is-now on tho market, but little business is passing, buyors preferring the old crop.: In about a fortnight the new chaff should be fit to carry, without. risk of sweating, which is tho>caße iust now. . ■•,';■ : Potatoes,—Consumption . has increased owing to" the";lower prices ruling,; and some goad sales have been made. Because of the spell of dry weather very few of the. tubers are Siffected with blight. Onions.—The market continues to be' supplied:' from Victoria, although both 'Can. terbury and'.-Auckland supplies '-are' now available;.-. -. ; ■ . Bran "and-'Pollard.—The recent advance in prices has had.' ; tho effect of checking, ■sales."-'- -. • ■ .'; Make.—The demand"is very restricted, and slightly ■ lower ■ rates' are now: ruling. Floar.-fLatest,advices from Australia re-* port an ' advance 'of 10s. ■to 15s. per' ton, due to the, higher quotations ruling for milling wheat. ... .'.,' Oranges ; from Jaffa are■, now, available, and the \ fruit is of excellent quality, very 'sweet'and practically free from pips.:' , Bananas.—Supplies are due next week from, the Cook Islands, per Hauroto. ' Peaches-are'now. in greater supply, and prices'aro easier by 3s. to 55., according to quality... . • ■:• ' -\-- ,■;: ":■ Apricots.—The' bulk of; tho supplies now on the market aro from Canterbury; and the Teviot::distriot. : , .;-.,''. -■•-:'■ Black -currants aro■ unprocurable. ■'■•.'"■ Nectarine's are - in. largo •.Bupply,,-ahd prices aro low enough. to - tempt jam makers....-. ''■ ,'■ ;; > ;-• ;-:- ! ' : '- ; ';.' '• Fresh 'Eggs—lt' has 'been thattho;,quolity of the eggs coming on to--the local:market:is considerably^.better, than last season. Farmers are apparently 'giving 'closer attention to -selection ; and ; packing,) and. merchantsvhave.'jin' consequence, very few allowances ■to' tinako for atalo. cggß. -.-''.■'■'.'■■"■■' ',". | ~''. | i.■■'■■■ -'. .': : .Butter.—Prime ,lnmp-pastry-bnter is in excellent demand.'iand is; making 3d;, per lb. ■■; ; Poultry.—Supplies J, coming,' fOTvyard .'are lighter, and prices "contiriue''flrin>:-' ' .;.Fongus—The "markot:.liaß:advan'ced'id. to Jd. ! .per lb. :.','-..'' .'::,,- -:'l'..;j(.'.'. ..'■ v; Yegetiblesl-Gredn';. peas,:'-. Fronch- '•' beans, -■ cabbages, /and other vegetables,' are com-' ing forward freely, but- table carrots aro' in- short; supply.:".All 'vegetables'; are -Belling freely, ,-,:,,;-

';'.■;,:.. ' ','; y ~;.. SILVER;/ ' ; V '"'" V-" . ' V By TeloEraph—P're'ss Associatibn-Oopyrli!ht.. ' . ..London, January 17.'V .Bar .silver is .quoted.at 24jd. per ounce standard.'. '. ':-\'.''..- , . ' V; ':-::^k ; MININq:;NWS.^:v;:-':'-': : '' WELLINGTON' UINDIQ.. MARKET. .> Thore wero a fair, numbo rbf transactions recorded yestorday,: but -the: prices generally exhibited a -declining .tendency. Consolidated Goldfields, ■ and'. Waihi,. were firmer.'.' Tho day's sales were, as under :— y May Queen, ; 3s.'lid. (third call): . . Old Haiiraki, As., 4s„ 4s.'(first call). ■■■;'■■ .Royal 0a!r,.15.-2d.. (flißt call). ■ -Talisman, 455. 3d., 445. 9d.,. 445. 9d., 455. (first call);. : -.- ■'- ~ -.-:-■" >■;■■ .'..■Waihi, £9 16s:'.'.(first call), v. : '<)■:' Waihi Grand Junction,.3ss. 3d. (first call): 355. (third call). , , - -. \ ■'• ' Waitangi;..2s. sd. (first call). .'■■■' : ,' -. ■-, ; Consolidated. Goldfields,■ :i9sY-6d. (first, call); 19s. 3d.- (third call). V •.:-.-,:.' •■-' Boss Goldfields, ■ 9s. •■ 3d. '(first call); Bs.\i 3d., (third call);'. .-; ■'.'■'(■: .-'. ;> \: -. i i' ;V : V :' :: ' : " QUOTATIONS. :., -;.•.:'■' "'.''! ■■- The latest quotations, with last recorded sales, were.as under:-r ■!■ ::;i. ...::,. '-.■■;;,. ■'■'.■ Buyers.: Sellers. Bales. ;.;!-,:. \£ B.d. :£.s.d. .:£a.dDominion ; -.-'—;■■• -■ 0'- 0 2- — ■ ■ Kuranuii ...;;.: —.. ;..0.0 1t :— ■■ Kuranui Caledonian 0'.1.-l 0 1.3 • — -." Ifay Queen 0 : 310.-.0 4 0 0 3'll Mountain King ...... — 0 1 0'; '■ —. . Now Sylvia ~......:. 0 3 6 0 310 . : —'' Old Hauraki';.. 0 310:0.4 0 0 4 0 Royal-Oak- .......: - -. O■IV 3 "0:' l 2 Sason ~....:...;..;.........- 0 1:3 ■ 0-1 ' TairuaßrokenHills ..012.0:1.4 .-■ — ■ ■':. Talisman - 2.4 0 ■ 2. 4 3 . 2 5:0 ' Waihi .•..„........•.....;.. 9 16,0- 916 1 ,9 16 0 Waihi Beefs... 0 7 6. 0 9:0 . --.'.'• Waihi Extended ~ — 0 35 .— Waihi Grand June. 115 115 3 115 0 Waiotahi ................: —..•: . 0 410 .— Waitangi i.±...■:■•—':■■ 0 27 0 2 5 Blackwater ..............U 3.6: 1:5 0. — . Oon., Goldfields ......019.0. 019 3 . 0 19.3New Alpine (paid)... -.—.-. 0 2 0 — New Big Siver ... 2- 3 'i .2 5 6 — . Progress .;:::.■_„•.......'.■; 0 13-0 ■.'■'■• — '•■; ■ — .'•' Ross Goldfields ...... 0 8 .0 0.8 60 8 3 STOOK EXCHANGE; . (By Teleeraph—Press Association.);,: . , Auckland, January 18. '' At tUs .morning's call on ,the' Stock Ex-change-business, included:—. - . \' Now. Sylvia,.'3s. 9d. '.'-.•' -■:-Watchman, Is. -9d. -. '.'Old. Hauraki, 3s. lld.i 1 4s. '-:,,-:. ■'■ Tairua Broken Hills, Is. 4d., Is. 3d. i Talisman, 445. 9d. ..■"■■'<■'■ . Grand. Junction, 355..6 d.-- ~:.:.',.'.., y - : : Old Albnmia (paid). Is; : • Waiotahi, 4s. 9d. ■ Waihi,, 1975. 6d." - -; Grand Junction. 35e.. 3d,-.' ,: ■ ■•'..'.'•": : Dunodln, Januaryslß- - Stock Exchange, sales:— , .',.'■" -; Island Block, 2s. lOd. - ■ . • : 01d Hauraki, '4s. Id:; 4s. Id., 4s.- Id,:"-. • ' .Waihi Grand Junction, 355. : ; Sole reported: New: Zealand Drug, 475.1 . I quit England with., many regrets!— King Manuel.. - ~'.' '-.. -'.''.;'. 'English farming, is still the best in the world; wo still grow more corn per acre,• ■we".'still'breed-the best beasts:—Mr. Eider Haggard. ! "Ho never parts with a cent." "Well?" "He'll never, get - any experience -. that .way." . "He'll never 'need any. Experience merely consists of parting with money unwisely:" , , . ~■'.--.■■:' .:!-