COMMERCIAL ITEMS

Dominion, Volume 4, Issue 953, 21 October 1910, Page 8

COMMERCIAL ITEMS

• ' INVESTMENT . SHAEE3 . • V \ i'A'v fairbusinesswas;! done; ininvestment ;- /Mere'/Were' sales : of ■Wellington'-Deposit"'at Bs;.3d.v Wellington l Woollen;' ordinary.-'afr. £3; 145., Taupiri Coal' at.2oa.. 6d.-, JLeylahd-O'Brien.,Timber. at ,275. 6d., K.Z. Paper Mills at 235.' 6d.; and Canterbury. Farmers' -Co : op. (Timaru) at £2 17s/ 6d.The ,Quotations -were as under:— " •." ' " 'Rnverß. Sellers'" Rajpa-

: the wool market. The quotations for/Bradforii Tops sl,o'wa' further decline,Vand'compared I .with, the prices, ruling .on August 31,: the position is . ..-- ' "■}' ■'■ \ •; Last '•' Aug: 31. Oct. 13: year. Tops. , d d d Forties . .....;;143 ~ -.' _14i 12J Forty-sixes :.163 >;. . 16J . 15 Common 60' a 27 : 27 , 25J Super,'6o's 28, ' 28 261 Bixty-fours ' s ..29 ' 28i 2V| The coarse durmg the past six weeks,. although they . are much' higher, than: a year ago. Pine..wools, are. practically unchanged,''as compared with August,.prices;; but'compared with ..last yea-rsthere is -an •' advance of' ll'd.- per'ilb.-all-round., The current- quotations'.are noti unsatisfactory, ..and'- the ; disturbing factor is the.forward ; selling which: is /being- done at a. reduction of- present prices. It: is obvious from ..this- 'that top-makers'-feel assured' that 'they' 'will- be able to. 6e-'! cure the.-, raw j. material -'at lower, prices than- now ourrerit, ";but before 'this view can. l?e'..accept<:di::as, cprrect it .Would-'.be. necessary to. know whether'.forward' selliifg: at'- redutcd '.*price'sv-is- 'general,;' ; .and whether '.much: is' -.being r.sol'd; It ; must-. be remembered .that -at 'this time of year an effort .is invariably,, jnade to bear -the market in anticipation--of- thei colonial 1 , sales. Allbwing i 'for 'air'"tliis .there is still a v nrobabilitv:v that the . approaching clip will not sell'- to 'the ■•'Santo. advantage as the last-.cli&i.'at .the -colonial sales during the', next - few months .ltfwer prices:, will rule, and the a.bsenceypf„American competition': Is iriVpai't - answerable" for • this.- _;It--was 'keen American- competition' that stimulated- values- last year, and the Ameriens bought . more than- they could assimilate.'": 1 Heavy ,losses- were incurred, as of 'the* wool-- was-'-marketed in Londonp'inSfead^'of. being-sold in the United 'States.' ' If' Americarftrade:improves,-'and one can never- make certain how. soon, or how ''.late;: thiS'';ffiaf*Jffl,J the demand for wool : from that "qiiarter will, become pronounced, : and -wilV-.go up ' with 1 a .bound. . ; Customs revenue, collected ?.t the -port of '.Wellington-.'' yCsterdhy. amounted to £<o£s 12s.* • ' / THE.METAL MARKETS. By. Teldsraph—Press-Association—Copyrieht.. London, October 19. Copper .—On !' the ''*pot, : . £57 6s. 3d.; threo months; £58 .3s. -9d.;< electrolytic, £59 ss. Tin.-On the spot;''.'£l6s-10a,; throe months, £161; - - I'V.CM'V - .. Lead, '£13 55... ,- ~ ■ ' • Silver.—Bar silver, is' Quoted . at 26 3-16 d. per' ounce-standard.--. 1 i > Utec!. October- >20,; 9.5 p.m.) ' ; London. October 20. Copper.—On spot, - £56 17s. ■ 6d.; .tiree months,':£s7 15s. . ■ - • . . • Tin—On spot, £169) -threo months, £165 10s.. An active demand in the East has encouraged speculative support in Great Britain. -• - - , ■ .. . Lead, £13' 6s. 3d. . c-.- : '.-I.' ' ' " ' ' • li'OJJDON SHEEPSKIN SALES. By Telegraph—Press Association-Copyright. (Ilec. October 20, 9.5 p.m.). ' - . London,'Ooctober-20. At the .'sheepskin sales ' 7000 bundles were offered, and one-third sold. Orossbreds declined by a farthing, and merinos by oneeighth.-' Messrs. Dalgety and Company, Limited, have received a cable_ from London under date October 19 stating that the sheepskin, sales opened .on. that. date. Merino skins are Bd. lb.' lower in value, and crossbred skins lower to the extent of. Id. per lb.

■ AMERICAN WHEAT. By Telegraph—Press Association—Copyright. London, October 19. The American visible eupply' of wheat is estimated at 66.738,000 bushels. TALLOW . SCARCITY. By Telegraph—Press Association— Copyright; * .(, .-!,.- . London, October-19. Owing to.the poaroity of tallow, no saloe were held - this week. ' \ :■. -. THE SUGAR OROP. '!.' By Telegraph—Press Association—Copyright. London, October 19. Mr. Licht, the well-known authority on beet-sugar, estimates that the production of sugar has increased by 40,863 tons, and that the season will show a, surplus of 1,256,000 tons.. , .COMPANY. RECONSTRUCTION. By Association— Copyright. .-.■•■■- London, October 19. Hannan's Star, Consolidated Company shareholders have approved a reconstruction, scheme.' ■ ■ ' .' ~ • ■•, (MEAT MARKET.; ' : ''■',■ ■. ißy Tcleeraph.—Press Association.) ' ■' .: ':- :::-'■'■:'' Napier, October,2o. ' The 0.0. arid D. Company to-day: cabledthe. following .report on the frozen meat market:—"Jlutton and lamb market firm. There is a further-fall in value of ■ beef. To-day'e quotations:—Mutton: Canterbury, 4Jd.; Napier, Wellington, and North Island, 3|d. . .Lamb:. First., quality, 53d.: second, sgd. "Beef: Hinds, 3id.; fores, 2Jd." ,!.. MELBOURNE HIDES MARKET. 1 ' \ ■'■ By Telegraph—Press Association-Copyright. ,■ . /(Reo. October 20, 11.35 p.m.) ■;•:: Melbourno, October 20. ■At the' hides sales supplies .were mode-, rate, arid there was a good demand, Prices were, firm." ; "■ ,' > . . .' -AUSTRALIAN PRODUCE MARKETS. •-: By Telegraph—Press Association—Copyright. ■■■ TfEec. October 20,. 11.55 : p.m.) -■'■;,■'■ ' Sydney, October 20. Wheat! is very, 'quiet;: offer, 3e.' aid., and sellers ask 35.. 9Jd. HouiV £9 ■10s. Oats, feeding,. 25.: 3d. to 2s. 4d.; milling, ■■-.2s.>;'Sd. 'to 2s. 7d.;. Tasmariian, 2s. Bd. Barley,'. Cape, 3s. to 3s. 2d. Maize, 2s. 6d. to 2s. 7d." Bran and pollard, £4.. Potatoes, £6: to.£B 10s.- Onions, £6. Butter,- 102s. Cheese,., 6sd. Bacon, Bd. '.-.- -...':■ .',-■■■ Melbourne, October 20. '■'■■ '•■...Wheat,'. 3s. ;9id. ,:.Flour, £9 Ss; . Oats, \l(?erian,-ls/ lid. to 2s. . Barley,' prime English malting. Is; 6d.; -Cape, 2s. 6d. Maize, 2s. iW' Bran, and pollard, £4'los. to £7 10s. . Onions; £6. .. - ■ ; f:';:' ; ; : '' Adelaide, October 20. . ,Wheat;'3sl 7d. to 3s. 7Jd. . Flour, f S ss. to £6.. 10s. ■■, Brari. Uldr ; Pollard, lUd. . - ;^;'. ,' !-'^\.'',- ■■;'wheat. '-.•■'■; ; -;■,;;;- : ..The. New Zealand. Loan and Mercantile' Agency Company, .Limited, have -received' the following",cablegram from' their Lori-' dori house under date October 19:—Wheat: Sales '.of.' Australian have been made ■at 355. 3d.c;i.f.;" market .weak;, , and likely to decline.'.'! There is very- little •■'demand owing .'to 'increased 'supplies! We'aubte:— New Zealand vlon'g-berried, 31s. 9d.; shortberried,' 31s. 3d. r c.i.f. ■ ' ~.:..

r . ; Buyers. hellers. " Sales r£,b.d„. Rational Bank , ..o.." 515',0 '.5,i6 6 ■ -N.Z. an'd 'EiyerPlate2*/ 0 >6; *: ;■ — v * W^llij.Trust .710 0 ' : Deposit-. V.7...'; / • .'0 , 8 6 ",0,-8 ',3. Auckland-i.Gas.3-4 ■:00 —. . ..." '— •. Ohristclmrcli' Gae.-..."' — 916 6 - — Well. : ; Gas (£6 15s.) 13 12 6 13 17 6 ' — - Gear Meat'-(£4) ...12 .5 0 — :: —, . Gear-Meat •.<£»•.■..., 3 2 0 — -u--Meat Export (52sS6'J.) — 3/4 0 ... — :Union-^Steia®.(— " — : 314 0 Well. Woollen {prcf.) ! 2 15- 6 •' — ' Tanpiri; Coal' : v '10 6 WestportStockton',' '0 '7> 0. - LeylaTld-0'Brien•"•.'. ! ...l, : .7 , 0, , ' — • 17 6 ■N.Z.f jOon., -nental.".-. 1 ". 1': 1 0— IfZ Drug - 211 0 - .JT.Z. Portland . C«- . • ment ; -,~\ ,il 16 O'' - — HX Paper' .Uills ; . ■ 1'. 4'.0 1 3 ■; 6 TaranakiPetroleum 0 '8. 6 , — :2.4 0 :■ Ward and-Co. • '—• ■; 5 3 . 6 • — ■ Canterb'y Farmers' 2sl7. < 0 • 218 0 ' 2 17 6