COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 1054, 18 February 1911, Page 8

COMMERCIAL ITEMS.

. - INVESTMENT 6HABES. ', Tosterday' there' wero sales of National . Bank shares at .£6 Is;, and Ward and , Co. at ; £5. • Tho marliot had a ouiet ten- • dcncy.. The buying and Belling quota-' tiOns wero as'under:—. " Buyors. ; Seller* • ' :. £ B.d. ■£ 6.1 National Bank 6-10. . — Bank of Now Zealand ... 1019 0 — Metropolitan , .................. 12 0.0 — N.Z. Loan and Morc'tilo 010 0 — well. Investment 1 Oil 0 Oil 6 >• ell. Doposit — 0 8 0 Christchurcll Ons 9 15 0 9 17 6 Joilding Gas — 12 0 JVe]l.,Oas (£10) '. — 19 0 0 Well. Gm (£6 155.)......... 13 12 6 National Insurance., 114 6 — N.Z. Insuranbo' '4 3 6 4 5 0 Standard Insuranco 1 7 3 — .Meat (£1)..J..;........ 3 3 0. - Meit .txport ■ (£4) 5 5 0 Ungn jjteam : 117 3 117 9 Wen. Woollen: (prcf.).;.... 215 6 — Taupiri Coal I'l 0 ' Leyland-O'Brien — 17 6 Miramar, Ltd. ' — ■ 0' 2' 6 ■wruigamutu .Totara ,' '280 Ward ahd Co.' 6'o 0 . . THE WOItLD'S WOOL. ' . a According to Messrs. Thomas Gooch and boas, wool warohousc-kceoers of London, the imports of wool into the Cuitcd Kincti«™;lll' ißirre ß ated - 2.222,151 biles, of which 837.000 ■ bale 3 wcro from tho .Commonwealth. anil- 536,DC0 from - New i Zealand.. and lesser I quantities ' from' other countries as follow:— : '■ ' I . . * 1510. - - 19C9. - ' . • Bales..' Balca. Australian 867.153 ' 925,654 Now, Zealand 635, Ml 499,436 Cnpc.of Ghod.Hopo 299.050 . .'336,073 East :India and■ Persian.'.. 197.9621- ■■' ■ 222,155 Chinese - 4.474 • 6,016 Russian 10,366 ' ' .'18,470 Turkoy .: : . 8.556 ' 29,050 Egyptian 9,699 • 11/12 African . (North) : ' 2,997 ' 1.548 Italian. ; . 1,267 ! ■ . 3.374 Spain 'and Portugal' ......, .16,812 ; 19.954 Danish : • 4,114 .. 3.689 Germany 11,456 , - 6.C98 l'oruvian -57,100 50.953 Buenos Ayre3 end" Monto '. . Video ......V..;.. .60,847 67.514 Punta Aroitoa. 58.475, ' .18,982 Falkland Islands , 8,116 8,093 Sundry '47.616. ' 46.366 ; .'* 2.222.151 2.305,182 Cablo information received by tho local, of • Wellington yesterday ■ amounted. to [ £1611. 133. .6d: . ,-u ■■■ •' "' BANK. DISCOUNT '.EATB.;' I " ; . ■ 3y Telocraph-rrcss A ssociation- Copyright ; 1' London.' I'ehruary 16. . Tho Bank'of England rata of discount has been reduced from 4'to 3V Ber 1 cent.;, • WHEAT. . ' By relcgr»ph—Press assuoiatlon—Copyright Tobruary 16. The American visible supply ofvwheat is estimated' by ,'Dradstreet's at 73,770.000 bushels. ■ . QUEENSLAND NATIONAL BANK. / ily Telegraph—Press Amnin(!««r '•w.Tßleiit« Brlsbano,'February 17.'. At tho half-yearly - meeting of tho Queensland National ( Bank,,tho 'chairman said the outlook for a.; good ' season "was overything to bo desired. All tho primary' industries were; flourishing. , '• , , , Tho bank proposss to soil tho Miilaqnln and yengarie Sugar Company to a now • company; with a capital of, £750,000,. tho ' bank; taking "paymeJit' in fully-naid-un 1 shares.

. '. LONDON MARKETS , Messrs.. and, Company,-- Ltd.,- , have;:, receivedv;. the 'following •:; cabled information ', froii their 'i'Lond(sn.' pfllco under'' I 'date-' of,' February,';: 16:—Froron Moativ-Market ;yery; dull..- Lamb Is ld.° to idi.-i lower,- oxcept Canterbury,' . Any'cnancb in prices is'likely to: bo:'in favour: of bnydra. Mutton is..l-16d. lower.- Beef: No demand 'owino; to, heavy, supplies chilled.. Tallow:' Prices' in J cencral' ,-vro par; to 3d. cwt: lower; • Decline' is chiefly on qualities . low and- inferior- . grades. Buyers are holding back. exccDting to do' better later-on.' ; ... . - '• GRAIN MARKET. ' (By Telesraph.—Press Association,) Chrlstchurch, February . 17.'.'' The local: wheat mafket is 'settling down U> a lower basis of-values. buTcra liavinc dociinod to do business, oxcept at reduced rates, whilo some sales havo still'been effected,at 35.,1 d,' A fairly largo quantity has changed-hands during the last three days at 3s.■ at" country stations.' Buyers for export are not inclined to givo more than 35., as tho state of tho. Homo market does not warrant it,: ■ Oats aro tho scarcest-articlo in tho'mar-' ket, and merchants aro -unailo to obtain supplies ,to fill their requirements, and they are restricted by their clients',limits from giving higher prices to. encouraco increased.offerings."' • , • c ? ccp , t v «y prime malting, is still dull .of salo. : - - . ; What llttlo grass seed is ofTerlng .stillcommands a- ready sale, and the demand for peas is still'activo,. • ' WOOL. SKIN. AND HIDE SALES. ■ . Messrs. -.Dalecty and Company.. Ltd., report havinir held their usual fortnightly sale yesterday afternoon, 'l'he attenoance ol buyers was large, comnetitlon was exceedingly keen,-anu all lines woro sold at ltis f.? ct ®j'y Prices. , Wool: Mostly ?iU if 1 ottered, and a very, larce ouanwool. Markot, was very firm at lato rates. Wo quote:—Crossbred, 63d. to fld.; lanibs, 6d. to 7d.; pieces, 3id. to JJd.i dead. sd. to 63d.locks. 2id. to SJd. bklns: Firm at' lato rates. Wo ouote Crossbred, 61d.. to Vd.; crossbred. 61d. to fid.; hoggets, 6Jd.; dead, <Hd. to 51d.: d ' /"Jerior, 31d., to Sd.;; pelts, S . inferior, 2id. to 23d.; lamb;, 61(1.; lambs, damp. "3s. Id. to 3b. 3a. caplr; lainb3. salted. Is. 7d. each: nolts. eMW-'d, sound. 2s. lOd. to 3s. Id:: iielto, inTerior. Is. 9d. to 2s; 7d. each. Hides! l'riccs very firm, ox hiaos or stout quality and good condition being in great demand, and fetching higii values. \~o quotes-Ox; 65 to 75ib.'. 6d. to Bjd.: ox, 50 to 651b., 7Jd. to 7id.; ox, 501b. and under, 6d. to 6!d.. 'Cows: No heavy-weight ottering; mediums. 40 to 451b. • realised 6d. to *,Jd.; undir 401b.. 4d. per lb.: calf. 7»d. to Bid. Tallow mot with spirited comnetltion, aud wo -quote casli.3 in sliiDDine Order £28 ta i 29.55. per ton: in tins, 25s.Dd. per. cwt.;" rough fat. 225.' 3d. to 245. 3d.' por cwt. ' Rabbitskins,: Bd. nor lb.; horsehair, Is. sd. per lb. Our next sale of skir.o. hides, and tallow will bo held on March 10- ... • ■ .. .. 1-.

Tho New Zealand Loan and Mercantile Agency Co., Ltd., report as follows;—Tho usual Galo was held yesterday, aud was woll attended by. . buyers representing operators in both Islands. Tlicro was. a largo accumulation of produce, aa no salo had bcon held siuco January 20. Prices for wool, skins, and tallow woro well ud to last sale, and heavy hides broueht oxtrcmo prices. We auote:—Wool: Crossbred fleece, 6d. to 81d.: pieces and bellies; 2!d. to 4d.; dead wool, inferior, 5d.. to Sid.; locks. 2id. Sheepskins: Crossbred, medium. 6d. to 63d.; crossbred, coarse, 5Jd. ; to 51d.j crossbred, dead, nd. to6Jd.; crossliron hoßßots. dead, 4d. to <Jd.: broken and faulty skins. Id. to 4d.j pelts, sailed, 'Is. 6d. to 2s. 7d. cach; pelts, salted, daningod; 2d. to Is. Hides: Ox. heavy and ox medium, noiio olfored; cow aud light ox, 42d. to 6Jd.; faulty hides. Hd. to 4id • naif, sound, 7Zd. to B}d.; calf., damnued! 2d. to 61d.: bull hides. 4d. to sjd. TallowIn tins. 245. 6d. to 255. 6d.. per cwt.

Messrs. Abraham and "iVilliarn?, Ltd.. .report- as followsWo offered a fair catalocuo to a largo attcndauco'or buyers. Skim wero firm at la.st saie'a rates, whilst liidos wero Arm at an ndvanco. ShinsOur cataloguo comprised mostly rough station skins. Crossbred full wools, 6id. to 6?d.: half, wools, SJd. to 6d.: dead. 4jd" to 53d.: Eliort and Inferior, 2Jd. to lid. Butchers Pelts: Bare. 2s. to 2s. 5d.; shortwoollcd. 2s. 6d. to 2s. lid.: woolly. 3s. to 35., 5d.: lieavy lambs. 2s. lid. to 3s. 2d • medium. 2e.-6d. to 2s. lOd.; small, 2s. to 2s. sd. Hides: Heavy ox, stout, uid • medium ox, 73d. to 73d.; light ox, 61d. ui (lid.: light to medium cow, 6Jd. to 6Jd • daranged cow, 4id. to 51d. j yearllnci. 6d! to 6|d.: best calf, 7ld. to BW.j medium, call, 7d. to 71d.; damaged, 4d. to 6id

Tallow: lir tins, 23f., 6d. to 245, 9d. Messrs. Murray, llobcrts aud Co., Ltd.. rcport:-On Fobruary 17 wo submitted a lanru cataj&zu*. comprised or wme 60 fadfjes of wool. 40GQ sheepskins. 609 hides aud calfskin?. and 1Z casks of tallqw, to n larsro attendance of buvers. There was a- pood spirit in tho comnetition, and nncys for all produce ruled at par with late rates. • Thero was a very strong dornaml for heavy substance hides, i 68-751b. weight, and . for theso prices ruled on a very, high level. - Ordinary medium Jots brought priccs . about on a. level with lo6t sale, lightweights being a triflo easier. 'Wo nuotci -iiHce3' current, as follows :-Wool: Crossbred (rough coarse), 63d. to 73d. per.lb.; lambs, free' fr'oiri' seed.V3d. to BSd. pei!',lb.;ilambs.' : seodv.'4d."to, 55d. Ncr lb.; , pieces, looks, etc., 21(1. to sd. ner lb. Sheopsltins: Crossbred, medium. 63d. to 71d. Ncr .lb.; crossbred, coarse. 53d. to 61d. per lb.: lamhs. good. £d. to 62d.: lambs, short, inferior. ,4id. to 53d. per 111.: dead and hogget skins. 43d. to 6d. ner -lb.: broken and inferior, 3id. to Sd. per lb.: badlv damagod, lid.' to 3d.: per lb. Hides: .Sunerior heavy ox, 7Jd. to 8(1. per lb,: medium os. 6Jd. to 7d. per lb.: light ox. fid. to 6Jtd: per lb.: good cows, Ed. to 61d. per lb.; damaged, .cut, etc.. Id. to sid. ner lb.; call, good, 7d. to 72(1. per lb.; calf, damaged, 3?d. to 61(1. Ncr lb. Tallow: Jn casks, 265. 6d. to 29*.' 6d. per cwt.;,'in tins, ctc., 225. 6d. .to'2ss, 6d, per cwt.

I INVERCAIiQILIi WOOL SALE. • (By Telegraph-Press Association.! ■•. • Invcrcarglll, February 17. A distinct ■ improvement was noticoablo at the third wool Bale to-day. .■ There was a stronic cronoral, demand, and excellent auction clearances were effected, priccg advancing quite icU flcr lb. for medium crossbred .as comnnrod. with last month's rates,,pieces,also .improving. from id., to 3d. There was: very little superfine wool offering, but- for- what there wa6id. to 3d. per lb.' more-was* secured than at the January soles. The buyers numbered only a» baro dozen.'as compared with thirty Inst month, and only two represented 'the Continental- trade. Americans were entirely, absent. In all. 3133 bales were offered, and 511 wcro passed in. A Good deal of the wool had been held, over from last ralo and tho rest was mostly station clios. Tho latter was affected by biddv bids. Tho top prico was llld. for 20 bales of horreot wool, and the ratipe of nriccs wa*:—Fine crospbrcds, superior to' eood, ll}d. to IOJd.; cood to medium, lOd. to'9d.; medium to inferior., BJd.,,tn. 7d.: strong do., sta*. 9id: *to BJd.; eood to medium, I Bid.-to 7£d.; medium to inferior,. 7d. to 6d.*|