COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 1151, 12 June 1911, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES. Sales of Taranaki Petroleum at 16s. 6t!.. and Wilson's Portland Cement n>. 39k. IM., wcro recorded on Sfiturdny. The buyiiijj and sreHins quotations were as under:— Uuycrs. Sellers £ i- d £ s d National Bank 6 0' 6 6 16 Wellington Investment 0 11 6 Well. Trust and Loan ... 7 13 0 7 16 0 N.Z. Insurance 4 7 6 — Meat. Export (£5) 6 4 0 — Meat Export (£4) 5 4 0 — Meat Export (525. 6d.) ... - 3 6 0 Well. Steim Ferry (18s.) 0 13 6 — Well. Woollen (ord.) - 4 2 0 Well. Woollen (pref.) 3 0 0 — Taupiri Coil 110. - Wentport Coal — 19 6 liCvland-O'P.ricn 1 7 0 - K.Z. Dnipr 2 9 0 2 9 6 A'.Z. Paper Mills - 12 6' Rharland's Preference ... 1 4 0 — Taranaki Petroleum 0 16 0 017 0 Taringamntu Totora. — i id 0 Ward and Co 5 2 0 — Wilson's Cement 119 6 — LONDOX JIOIfEY MARKET. The Bank of England reserves lost week were vory strong," notwithstanding a slieht shrinkage in the amount of gold la the issue department. Tho reserve of notes ami coin was £36,C00 prroater than in the previous week, while the proportion of re-i-orvo to liabilities has risen to 52.55 per cent., which is very hfcli. The bank rate should, on thew; figure;, be lowered, but tbore may be other conditions not apparent on the surface which may prevent the reduction boiu? given offoct. Giltedeed securities are lower, duo to tho deduction of tho Quarter or half-year's interest. Consols are lower than the amount of the quarterly interest, ar.d thie n;ay h<j du'to tho suspension of tho Birkbeck Bank. LONDON MARKETS. By Telesraoh—Press Association—Oopyrieht (Rec. June 11, 5.5 p.m.) London, Juno 10. Wheat.—An Australian carco sold at 335. 9d. per quarter. Rabbits arc dull and unchanged. Jlares.—Australian are offered, but there is jio business doin prices aro considered to be too nigli. Hemp is nuiet and unchanced. Copra meets with a omal! demand. South Sea afloat. £2.3 per ton. Cotton.—Ths Liverpool quot.it-ion for rni'ldlin<r American upland cotton is 7.991 d. per lb. Rubber.—Fine hard Para rubber is Quoted at 4s. lid. jier :'.b. THE METAL MARKETS. • SPOT TIN £228. By Tclezranh—Press Association—CoDyrieb! (Rec. June 11, 5.5 p.m.) London, June 10. Silver— Ba-r silver is cuotod at 2<*d. per ounce standard. Copper, on spot- £55 10s. per ton; throo months, £56 Is. 3d.; electrolytic, £57 10s. Tin.—Tho market is irrecular and uneasy, owincr to v. syndicate squeeze. Spot. £223 per ton; three months. £190. Lead, £13 3e. 9d. per ton. FROZEN MEAT. The New Zealand Loan and Jloreantil-D Agency Company. Limited, have received the following cablegram from tiioir' London hoii'se, under date Juno 9:-Froz"n Meat: The market is slightly bettor for mutton, and there is an increasing consumptive donmid for lamb. The beuf market is easier. GRAIN AND PRODUCE. ' ißy Telegraph—Press Association.! ' Oamarii, June 11. Business continues Flow in the gnrin market. There are fellers of wheat, but they ask prices beyond buyers' Iknits, and sales aro not made. There if. g oo d demand for oats, but there are few available. For one lino of Cartons, 2s. -sd. not on tho farm was given. Some dealine in potatoes in small lots was recorded at £3 10s., both at country stations, and delivered . m Oamaru. The market haa declined, however, and to-day the best quotation was £3 ss. on trucks, with small disposition on tho cart of merchants to CUSTOMS REVENUE. The Customs revenue collected at the 7°i!} nß .i°V n , s " turda y amounted £9163 19s. 10d. The returns for the past c:gnt weeks compared . with the corre'sunder"- perlods ' o£ lae '»'y«r show a 3 1911. 1910. >\%l\\ fi • 16,745 15^296 12,111 10 3C4 py—:::::. 1$ Iβ S?-:=: ::: V® SIB" 112,237 100,148 to T^.d^^i^lil?;?t^r responding week of last year. -