COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 733, 4 February 1910, Page 8

COMMERCIAL ITEMS.

IXVKSTJtENT SHAKES.

' The market -was exceedingly. quiet yesterday. No. transactions were recorded,' and ■ the. quotations were. very few. .National Bank, sellers £6 ss:; Bank of New Zealand, buyers £9 10s.; National Mortgage, buyers £3; Wellington' Trust .and Loan,- buyers, £7; "Wellington Gas, ,'£io ' paid, .-sellers £17 155.; * Wellington Woollen, fellers £3.' 45.;. Westport-Stockton ..Goal, • sellers 7s. 3d.; D.1.0., preference, buyers £1 2s. 9d.; Ley-land-O'Brien 'Timbor, buyers £1-33.; land's" preference, Jbuye'rs £1 Is. ; .. ' . buttek:;quotations. . There- must bo a-pronounced scarcity, of.butter in Tooley;,Street tb cause Australian butter to bo quoted at New Zealand at 122 a. to 1245.,"as the latest commercial cables indicate;; -A year ago-the prices •were 110s. for Australian and 114s. for New Zealand, the present quotations are, therefore/ 10s. per/ewt. ' higher. -• THis will 'be very sood news .for the dairymen of Now Zealand, and tho factories which happen to "have butter, oh ■ consignment in London •just now will',make, big profits. -The high prices, will', attract • supplies from every exporting centre,, and presently prices' will : get back to normal. The' adjustment may. take weeks, and it is to be'hoped, so.; ; . BANK .DEPOSIT RATES. The Associated- Bankß . have ' intimated their intention,.to-reduce the rates on deposits,, and the reduction will in all prob:ability , come, into effect s on Monday.. The reduction in .the; rate for . advances, will follow, but there will be a considerable interval.: The banks are .well supplied with loanable, credits,-and/are ready to deal, with reasonable . propositions. , They are," however, taking care not v to give encouragement, to some, forms of speculation; "Thecheapening of money should helpito .-re-; storo confidence, which is much needed: to* stimulate trade., , , . Customs revenue collected at Wellington yesterday amounted'to £1675 14s. 2d:

LONDON WOOL SALES. > ! By Telegraph—Press : CReb.! February';3i!p;ssl ™ . London, February 3. . At the' wool ; sales.there-,.was ;a. market for all classea of. wool,- and good competition. •• Prices ir <vk& l iliilMfigetf.''The following prices were realised for clips;— /Gear, top price, lsl;• average, llid. . Tenakee, top price, 15Jd.;-average,- 13Jd,'. Awliea, top price, 15d.; average, 14Bd.

:TALLOW, SALES.;': . • London...-February 2. , At the tallow sales 707 casks were,offoredand 488 sold. / Fine mutton, 375. 6d. per cwt.; medium, 335.;. beef, - line, 355.; me- . diilm, 32sV '6dr; The tallow -in- stock, amounts r "casks; imports,' 2792; -deliveries, 1889.; . ; THE ? METAL MARKETS.' London, February 2. Copper.—Supplies, .41.254 tons; deliveries, 39,119; stocks, 104,658; afloat from Australia, 3600., • • ; Bar-silver,/ 23gd. per, ounce. . Tin.—Stocks,; 24,071 tons; .spot, 8703;- afloat,' 4395;-deliveries;-2536.-v■v'.v—kV. : 1 -. v, - (Rec. February 3. 9.55 p.m.)London, February 3. ' Copper.—On the spot. £59 155.; three months,' £60 12s. 6d. per ton.'. Tin.—On tho spot, ,£148; three V: months; £149 12s. 6d. per ton. - ' Lead; £13 Bs. 9d. per -ton. . '■•. -,■ r ; THE BUTTER"iTARKET. '• ' : . HIGH PRICES. ' By Telegraph—Press Association—Copyright . ' v .. London, February 2.Australian choicest butterris quoted 120s. per cwt.; New Zealand, 1225.' to 1245. "... : WHEAT. •" . ■. (Rec. February 3, 9.55 p.m.) London, Fobruary 3. ' The American Tisible supply of wheat is 54.694,000 bushels. * . - I "' 0.0. AND D.' CO. : y>tßy . Telegraph.—Press Association.). Napier, February 3.- • The O.C. and D. Company.-cable :—"Prices for frozen meat are unchanged."