COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 728, 29 January 1910, Page 8

COMMERCIAL ITEMS.

. INVESTMENT., SHAKES. '■ A quiet time was .experienced for in* vestment shares yesterday. , A; sale ot Westpbrt Coal shares at £6 ss. was all tho business recorded. National' Bank, buyers £6;, Bank of New Zealand, buyers £9 Bs.,- sellers £9 lis.; Wellincton Deposit, sollers Bs. 3d.; Wellington Gas,- £10 paid, sellers £18--55.-, ; £6-15s. paid; sellers £14 55.; National Insurance, buyers £1,75. 3d.; Standard Insurance, sellers £1 3s. 6d.; Wellington. Woollen, sellers £3 Is.; Hikurangi - Coal, ■ buyers £1 55., sellers £1 10s.; Westport Coal, sellers £6 '65.; WcstnortStockton Coal,' buyers 6s. 9d.', sellers 7s. 3d;; Leyland-O'Bricn: Timber, buyers £1 3s.' 3d.; New Zealand Drug, buyers £2 6s. 6d.; New Zealand Portland ,Cement. buyers £1 18s.;.Sharland's preference, buyers£lls. ■ Customs i revenue collected at Wcllineton yesterday amounted to £2976 Bs. 2d. : WELLINGTON MARKET ItEPORT. ■ Messrs'. Lacfy and Co., Ltd., Wellington, report wholesale prices Tilling on tho market fowl,' 4s. Bd. to, <!s. lOd.; feed. oats, 2s. 2d. to 25.: 6d.; dun oats. 2s. 4d. to 2s. 6d.;.seod oats, 2s. Id. to 2s. Bd.; algerian oats, ,2s. 4d. to 2s. 6d.;' maize, 4s. Id. to 4s. 3d.; crushed malt, 75.; fowl barley,' 2s. 4d. to 2s. 6d.';. Cape barley seed, 2s. 6d. to' 26. 9d.; flour, Now Zealand £11 ,ss. to £11 10s„ Australian £12 ss. to £12 10s.; bran, £3. 15s. to £4; pearl barley, 155.; peas, .Prussian blue; ss. 3d, to'6s.' 6d.; fowl peas,-45.; split, £17 10s.; bonedust, £5 155.; superphosphates, £5 to £5 ss.;' pollard, £5 .to £5 10s.; basic slag,; £4. 10s.;-chaff, (oatonshoaf),■ £3 15s. to £4 55.; oatmeal,'£lo 10s. to £11; potatoes, table, £6 to £7 ton'; Victorian onions, 6s. to' 7s. 6d. cwt.; molasses fodder, £5; bacon (factory), sideß 63d.,- hams - 7Jd.. rolls 7id;; butter, prime bulk, Bd. to 81d. Poultry: Hens, 35.; ducks, 3s. 6d. to 4s. 6d. per pair; turkeys, ,gobblers, 18s. to 205., hens; 10s.- to 14s.'; fresh eggs, Is.'ld. to Is. 2d. doz.;. cheese, 6d. to" 6Jd. per lb., loaf 7d. to 7*d.; Akaroa machine-dressed cocksfoot, 6d. to 7d. per lb.; farmers' dressed,cocksfoot, 4d. to ;sd. per !b'.;' ryegrass, 3s: 6d. to 4s.- 6d. per bushel; Italian- ryegrass;, 3s. 6d. to 4s. 6d. per .bushel; white .clover, 70b. to 755.. per cwt.; red clover, 75b. per cnt.; cow grass. 755. :per cwt.; alsike, 825.. 6d. cwt.; mustard, 40s. cwt.; rape seed, : 265. cwt..;, timothy, 525. 6d. cwt.;. Swede and turnip seed,. 50s. to' 60s. cwt.:::."■' '. BANK OP ENGLAND RETTJEN. By Telegraph-Press Association—Copyright.. ... '.!'.'..' : (Bee. January 28, 10p.m.)' ' ' ■ London, January 27. 'The Bank of England return issued for the week . ended, Wednesday,; January 26, is as.under;— ,: Issoe .Depabtmeiit. : . Note Issue... £53,375,000 Gov. debt ,'. £ 11,015,000 -.-■'■ ■ Other securities '-...' '7,<M,000 ■';.,.-."V.- -." • . Gold : _ ■5i.n26.000 ~!.'; £53,575,000, "'. £53,375,0)0 f. : /:,■:,-. Baxetng Department. ■/,■ ; ■'■ Proprietors'' : - •'.. Govt, securi-' capital , £14,553.000 ' ties... .;.. £14,613,000 Public do- , ■ Otbor securi- . posits ...;. 12.271.000 .ties... ;..'. 29,017,000 Othorde- - -'■'" : - ,- posits ■;, : -..;'11,008,000 Notes"':' -~;- 25,060,000 Rest,7-day.- - ■:--';-., -;■//•.- ■ andother '/'.-, -' Coin M . -m. 1.951.000 > bills;..'. :..;' 3,469,000 ,'. ■ 1 ' '•"" -' ';'• £71,301,000 ' \ £71,301,000 '.'-. Tho.. leading,, items of-the-Bank of Eng-land-return afford tho following,, comparison:— .■'.._ .■,,'.,-/," ' This weok. Last.week. Last year. Bullion .',: : ■'■■■„.'.' 31,926,003 35,502,000 52,716,000 Boserve'...'...- 27,041,000 26,011,000 : 24.050.000 Note circulation 27,715,000'. 28,00-1,000 28,8£5,000 Public Deposits,-12,271,000 11,392.000 ' 6,010,000 Other Deposits - ll,(i08,O0O . 41,090,000 43.166,000. Proportion of ..... , roservo to' :' . .'liabilities. ... 61.85"-'': 50.73 ,48,01 . '.' :' GOVERNITENT. SECURITIES. . -.Tho following are tho latest quotations for,,, Government, securities: with a comparison, of thoao ruling last week:—;

. . THE MONEY. MARKET... The Bank of -England rate of discount is <3J .per cent.', to which it was reduced from 4'per, cent, on January f2o.:,'\-' , < ■Short;loans are 4 higher at 21 per cent. .-. The open market. rato of discount for best, three months' bills in 3-16 lower.'at 23 ,'per cent. '•■-..-. ■■'.-• :i- 'COLONIAL AND. OTHER PRODUCE.■;'"'; Wheat—Tho. markets aro firm, but inactive, owing 'to the'elections. 'Firsthand, sellers aro maintaining'..prices despitetho weak toho'of America, which to some extent is, counteracted by ' small world's shipments, and uncertainty recording the Argcntiao'crop. .Holders are asking V4ls. for. South Australian; Victorian, per steamer, January 40s. 9d., February 40s. 9d.;'West. Australian,, early "February shipment, 40s. 6d.i South Australian, .Victorian, and, New South Wales, per sailors. December-January,'. 41a. 6d.; steamer parcels afloat,. 40s. 3d.; ditto,, JanUary-Fcbrii-.ary; 435. 6d.' has' been: refused for an off-coast South Australian cargo. : i Flour.—Thero. is a poor demand. Australian patent,' scarce, at-315., for spot, 28s. 3d.. c.i.f....is asked.' •',. .Barley is neglected, brewers not buying, pending Budget decision. ~: Oats aro quiet. .New Zealand, .on spot, practically unchanged.'' New crop A .cartons,:. February-March' shipment, is- offering at 20s. •'.' 6d„ which <iß' Is.- 6d. ,to.2s. above ..buyers' ideas; : January-February shipment, 155..';.. -...;,'..., ~ Butter is very firm.' Danish, 1235, to 1245. Tho bulk of -the last shipment of Australian t choicest- has been cleared at ■about 11231, 'quotations are now nominally 1165.' The- Turakina's Now Zealand ship, meut'arriving on Saturday. is quoted at about 120s. ■ Argentine,. 116s. It is reported that several largo Arms have bought heavily, .anticipating a further rise. The market is excited. .Sugar.—Gorman boot, 88deg., Id." higher, at 12s. lOd. per cwt.; first-mark'. granulated, f.o.b. Hamburg, ' Id. higher. , at 14s. lid. ■ • ■■■ Bradford Tops.—The .. market . is very firm.vbut there, is little business'doinu. Common 60's, 261d.;-super 60's, 27* d.; 46's, '15Jd. - .. ■■■-. '~-■! .'/ ;'■ THE METAL MARKETS,. . './.'. Copper—On■ Bpot, £60 13s. 9d.-per ton; electrolytic, £63 ss. • ..-■-• Tin.-On spot, £147 10s.; three months, £149 per ton. '.'■' Load, '£13 12s. 6d. per ton. ■'.■■■ ." -Pig-iron, 2d. lower, at 525. per ton. '... ..NATIONAL MORTGAGE AND AGENCY. ' By Telegraph-Press: Association-Copyright. ■;■ (Ree.-January 28, 10.55 p.m.). .-"-. • London, January 28. .The National Mortgage and Agency Company, of. New Zealand has declared a dividend of Is. 6d., with a bonus of Is. 6d. per share, making 11$ per cent, for the year. ..The profit amounted to £46,343. The sum of £15,000 has been added to reserve, and £8343 has :been carried forward. '■■■•■. . '-.-■■'■,'•■■ ''' METAL MARKETS. '■ ':','.".' : By Telegraph—Press Association-Copyright. '"■■'.• ', London, January 27. Copper—On tho spot,' £60 ss. nor ton; three -months,- £61 3s. 9d.; electrolytic, £62 15s.' '.''■■' jTin:—Three months, £148 ss. per. ton. ' '/ ■:■;.'■ LONDON MARKETS. ; : Messrs. Dalgety and Company,' Limited; report having received tho following cable messages from their London house, under date of January. 27:—Wool: Sales contiuuo firm and active ..with brisk competition. Greasy morino wools',' medium sorts,. aro s'per cent.' higher. American bnyenj are not buying much.. Tallow: Mutton is a shade easier, but other descriptions, aro unchanged. Frozen meat: Mutton—Stockß of ■ Canterbury nro exhausted. , North Island firm, but prices unchanged. Australian mutton is Id. lower. Lamb: Old season's stocks aro nearly exhausted. For now season's prime crossbred North Island and Australian lamb there is a firm demand at unchanged prices.'. Beet: There is a better demand, owing to the, cold weather.: . Any chango in prices is in favour of sellers. ■ ':-; TABANAKI PETROLEUM. .. INCREASED .ACTIVITY AT BORES. :. (By Telegraph—Press Association.' Now-Plymouth, January 28. ' There was considerable suppressed, excitement locally at the turn .which events have taken at No. 2 bore, where a now gas and oil vein was struck en Thursday afternoon, at a depth of about' 2610 feet, during boring operations, Since thcz till

sis o'clock to-night tho well has been literally hurling oil,and salt water for 35 minutes, at a time with about 45 minutes' intermission botweeu each flow. These periods are being maintained with clockwork regularity. For tho 24 hours from six o'clock ..Thursday till six to-day there was produced by admeasurement 60 barrels of pure oil, totalling 2520 Gallons, in addition' to somo' thousands of gallons of salt water. At tho .time of wiring there wero no signs of diminution' of activity. There has been p. 'temporary: . cessation ; of. pumping operations at No. 3 bore, but oil has been flowing freely ac its/own volition. No. 1 boro is 'being, cleaned out preparatory to experiments to overcome difficulties which led to its closing down after somewhat sensational activity about threo years • aco. At no time in the history of local borine has tho present flow of No. 2 been approached, showing the soundness.of tho new policy of-deeper boring. . : CANTERBURY GRAIN MARKET. - (By, Telegraph.—Press Association.)/ , Christchurch, January: 28. ' ■ There is very little doing in new wheat, yet. A few samples have been shown dur? iDg the last few .days, for' which 2s. 9d. and 3s. lOd. at country stations is asked, but buyers are only offering 3s. Btf. One lino ha» sold at 3s. 9d. delivered.. Mo3t of the few lots of oats ofFerinc aro alererians, for which there appears to bo. little demand, and no ■ business of any con.sequence is doing. Good malting barley commands.a ready sale un to 4s.' at country stations. A few. sales of Peninsula cocksfoot have taken place at 4d. to 4£d., but the general crop has not yet come on the market.

■ '' Variations. \-/v'■'■"-:'' Pri-a compared :.. : ■ •.*."«■ . '. with . ■ ■ ' '■■. : . - - .''■■' •- ■ '■ ■ - ■•■ lastweok. v ! ; v' Vr ' ■:'-'.:■. £e.a. .'■ ' 23% Imperial Consols 82 5*0 103.1owor i „N.S.W.1933Jan.-July 107 0-0 Unchanged Sj„N.S.W.1918ilar.-Soi). 99 30 0 Unchanged 3 „N.S.W.1935Api;-Oct. ES 10 "0 : lOs.lusher i „Vic. 1020Jan.-July lOJ" O 0 Unchanged 3i„ Vic. 19-21-6 Jan.-July US 0.0': Unchanscd 3 „ Vic. 102WQ Jan.-July 85 10 O Unchanged 35 „S,A.191SJan.-JuIy 97 10 0 Unchanged 3 „S;A.UlGJan.-JuIy . .84-0 0 i Unchanged ■l.'„QTdl915-24Jan..Jiily 103 10 0 .'10s.higher 3j „QTdl9-24-30Jan.-July 9S 0' 0 28. 6d. lower 3-„'QTdiG2i(7Jan..July 35 10 0 2s. Gd. higher 4 : „N,Z.1929Hay-Nov.' 105 10 0 'Unchanged. ■ii „ N.Z.1940 Jan.-July 98 10 •'. 0 10s. higher •3 „N.Z.194r.April-Oct.' 87 Unchanged 3i,,W.A.lO20-i0May-Nov '9315 0 Unchanged ■'3- „ \V.A,1915-35May-Nov 88 10 0 Ms. higher •&„ Tas. 1940Jan.-July '• 97- 5V 0 . ts.highar ■3 ,,'l'as.l9-20-i0 Jan.-July 83 0 0 10s. higher