COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 1222, 2 September 1911, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES. Sales of investment shares recorded yestcrdav wore National Bank at .£6 Is. 6d., Wellington Gas liishts, at W.,' Wellington Woollen preference at £3 Is. 6(1., and Mew Zealand Consolidated Dental at 255. The buying and selling quotations were as under:— Buyers. Sellers. £ k. d. £ a. d. Well. Trust, and I,can ... 7 9 0 — Christchurch Has 9 11 6 9 15 0 Feilding Gas 116 12 6 Napier Gas (£5) 12 0 0 — Well. Gas (new) 2 15 0 3 0 0 Well. Gas (;*icht:i) — 0 0 4 0 0 9 Christchurch Meat — 16 2 6 Kaiapoi Woollen (prcf.)... 5 5 0 5 10 0 Well. Woollen (prcf.) 3 1 0 3 2 6 ilikurangi Goal 019 0 10 0 Tanpiri Coal — 1 J 5 West-port Coal 18 9 1 9 3 Westport Stockton — • ' N.Z. Con. Dental 12 6 13 6 Sharland's ordinary — 14 9 Taranaki Petroleum 0 16 6 0 17 6 Ta.ringamutu Totar.i — 2 7 6 Ward and Co. • — 5 10 Customs duties collected at the port of Wellington yesterday amounted to £1834 12s. 2d. EXPORTS. The value of tho exports from Wellington during the month of Ausust totalled £112,593, made up as follow:— . Butter 775 Cheese <24 Beef 1.915 Mutton 19.569 Jjamb 15,176 Mutton, pieces 1.306 }lemp 16,337 Tow .. 1.055 Potatoes 34 Grain and pulse 2,124 Hides 6.232 ' Skins 9.8<0 Tallow 9.870 Tiinliei 639 Wool . 27.2-.0 112,593 BANK OF ENGLAND RETURN. Ey Teleeraph- Press Association-Copyright (Kcc. September 1, 8.15 p.m.) London, September 1. Tnc Bank of England return issued for the week ended Wednesday, August 30, is ns uuder:— Issdk Dr.p\r.TME!>r Hote lisiis - fK>,953.a» Gov. debt ... £11,115,933 Oilier seciiri* tie) ... GoIJ ... -IO.raG.OCO £59,085.003 £50,053.U>0 BASIIXG Depahtiiks-T. Proprietors' Govt, scciu'iciuiital £R553.000 ties £14,593,033 Public do- Other securiposits ... 10,703,003 ties £0,831,000 Othor noposits ... 12,51;,003 Noto3 ... 20,103,C00 Best, 7-day and other bills... ... 3.57.3.(103 Coin — „ 1.107,C00 £71,731,003 £71,731,003 The leading items of the Bank of England return afford the following comparison:— Tliiswoa'.c Last year £ £ £ r.ullion ... ... 40.635.011 E9.775.000 38.G(17,003 Reserve 30.502.0U1) 2!1,E0:1.C03 20.753.C03 Note circulation •-*J.D;0.003 29.850.000 23,'i211,C09 Public Deposits 10.' i 93.C03 8,070,C00 17,107,0CXt Other Deposits 42,81'-.003 43,017,003 40,-547,000 Proportion of reservo to liabilities ... £0.33 67.13 61.53 GO7ERKHENT SECURITIES. The following are the latest quotation) for. Government tecurities. with a eom. parison of those ruling last week:—

BANK RATES OF DISCOUNT. . The Hank of England rate was rcduccd on June 9 from 4 to 3 per cent.; on September 29 it was advanced to 4 per ccnt., and on Octobcr 20 to 5 cer cent. On Do- i comber 1 it was lowered to 4}. per cent., on January 27 to 4 per cent., and on February 16 to 3J per cent., and on March 9 to 3 per cent. Tho Bank of France rate was rcduccd from 3J to 3 per cent, on January 23, 19C6, •and remains at the latter figure. The Imperial Bank of Germany od January 21. 1909, lowered its rate from 5 to 4* per cent., and on February 10 to 4 per cent. But on September 26 it was raised to 5 per cent., on February 6 it was rcduced to 4J per cent., and on February 19 to 4 per cent. MARKET RATES OF DISCOUNT. The following are tho market rates for best three 'months' bills: London Paris Berlin rate. rate.* rate, •pcrccnf. percent, per rent. This week 215-16 21 33 Last week 25 2h 3^ Last year 3'j 23 , 33 Short lonns are Quoted at 13 per cent., as against Ij] per cent, last week, and 13 per cent, last year. COLONIAL AND OTHER PRODUCE. Wheat.—The markets are steady, and there is a fair demand. Three Australian cargoes sold at 343. 9d., 355., n-ud 355. Cd. per Quarter respectively; 13.CC0 Quarters South Australian and Victorian, October shipment, have been cold at 365. Holders are asking 365. for South Australian, per tailor, September shipment, and 35?. HAd.. per steamer, August-September shipment, 345. 6d. for South Australian and Yictorian parcels afloat. There is a ciuiet dmand for Australian on spot, at 345. 6d. Flout is steady, but inactive. Oats arc quiet. La Plata, August-Septem-ber shipment, 16s, 6d. Beans.—New Zealand, 355. to 365. "Butter has au easier tendency. Tho high retail priccs arc checking consumptive demand, and driving consumers 011 to margarine. Danish is very irregular, at about 1365. Colonial choicest, 120 a. to 1225., occasionally 1245.; secondaries, UOs. to U63. Cheese is firm. Sugar.—German beet, 83 per ccnt. net titre, lid. higher, at 15s. 7d. uer cwt.: first marks granulated, f.o.b Hamburg, Bd. higher, at 17s. Ud. 4 Bradford Tops.—The market is quiet; 64's, 3d. lower, at 27id. per lb.; super 6Q's, 3d. lower, at 27d.; common 60's, Jd. lower, at 26d.; 56's, Ad. lower, at 22d.; 50's, id. lower, at 18Ld.: 46's, Sd. lower, at 151 d.; 40s, id. lower, at 14d. THE METAL MARKETS. Copper.—On spot. 2s. 6d. lower, at £56 Is. 3d. per ton; throe months, 2s. 6d. lower, at £56 15s. Tin.—On spot, 275. 6d. higher, at £189 IDs. per ton. I.cad, ss. higher, at £14 Bs. 9d. per ton. Pig-iron—Middlcsboro' No. 3, 4d. lower, at 465. Ud. per ton. Spoiler, 53. higher, at £27 15s. per ton. PRODUCE FOR HULL. By Telegraph—Pres3 Association—Copyright (Rcc. Sept. 1, 8.35 p.m.), London, September 1. In "view of the increasing direct shipments of produce the Chamber of Commerce and port authorities of Hull in October propose tending Mr. Wilson, the London agent of the Hull and Barnsley Railway, to interview the principal shippers in Australia and New Zealand. GRAIN AND PRODUCE. . (By Telegraph.—Press Association.) Ciiristchurch, September 1. There has besu a fair demand for wheat during the week to fill orders for the North Island, though some of tho larger growers have not yet sold their wheat. There arc few offers of grain from the country, and it is only email lots that merchants and millers ran pick up from timeto time at ruling rates. Those who arc .holding fairly large lines arc not willing s to sell under 3s. t 6d. jit country stations, and some are asking 3s. Bd., or even more. A few iinca have changed, hands during the week up to 3s. sd. for tuscan at country stations and this price has also been refused. The firmer tone in the Sydney market has had a hardening effect lcettlly. | Buyers have had to increase their limit of prices for oats, but owing to the small quantity held by growers there arc not manv lines offering. For Uartons up to 3s.' 7d„ a.nd for seed Algerians up to 2s. 10d. ij olVcrcd at country stations. ! ChalV shows 110 change. The potato market ia easy, as orders for the North Inland have had to bo held back at the request of the northern merchants. There is a good demand for ryegrass. and the anticipated shortage is not being realised so far, there being sutlicient stocks in haud to fill the orders that have come forward#

WELLINGTON MARKETS. Messrs Laery ami Co.. Ltd.. Wellington, re pert wholesale prices rulinp on the market us under:—'Wheat, pood whole fowC:/, 4s. Id. lo 4s. ou. bushel; oat?, good feed, 3s. Id. to 3s. 3d.; oal'-. seed white, 3s. Gd.; oat?, pec-d Al&erian Victorian. 3s. 7d.: rye corn, 3s. IC-d.; maize. 3r. 3d*. to 3s. 5d.: fowls' barley, 3s. od.; Cape, 3.1. 6d.; crushed malt. G. 1.; jnrlridjro peas, <••. 6d. to 4?. Sd\: pollard, .€6 £»•?. to £6 Ids. per ton; bran. £5 15s. to £6; flour, Atlas, £9 s*. Gd.; chair, oaten sheaf, £5 15s. to .£6 55.; rico flour, £5 15.=. per ton; rico meal, £4 15s. per ton; potatoes, taWo £4 £:?. to £4 10s. per ton; 't:2cd, £5 per ton; Beauty of Hebron, £9 tfo. per ton: Early Rose, £9 jC?. per ton; Kidneys, £8 lCs. per ton; Northern S'a:\ £6 per ton; onion;;, £7; bonedu-U. £5 basic f.lnu. £4 ss. to .£4 Ills.; auperphcfiihrJcs, £4 15=. to £5; oatmeal, £14 10s.; rolled oaf. in 4's, 9s. 6d. dozen: clieesc, nvouiiim-dzed, 6*d. per lb. loaf, C'/\. to 7d. per lb.; butter, prime bulk, Is. to U. 2d.; fresh 10d. to lCd. per dosen; honey, 55's bright, 4d. lb.; linseed nuts, 13?. per c.wt.; linseed cake, crushed, 15s. Get. per cwt.; bacon, Fides BJd. per lb.; bacon, rolls, 9Jd. per lb.; hams, 9d. per lb.; fowls, liciiG 3s. to fo., young roosters 3s. 6d. to 55.; ducks, 4s. 6d. to 5?. ail r.t per pair; turkeys, gobblers M. to 9d. per lb. live weight, hens (id. to 7d.

HOTEL INTERESTS SOLD. Messrs. Dwan Bros., report havinz sold Mrs. Btiick'f? interest in the lease. Goodwill, etc., of the Shepher.d's Arms Hotel, Tinakori Head, Wellington, to Mr. Albert Mace, lato of the Central Hotel, Wellington; Mr. T. J. Gayne's interest in the lease of the Phoeuix Hotel. Ear.sitikei Line. Palmerston Norl'i, to Mr. Samp el Paul, for many years storekecping at liongotea; Mr. Martin Ryan's interest in the Grand Hotel, Wcstport, t-o Mr. Richard Turnbull of this city; Mr. Robert- M'Alpine's interest in the lease of the Toddngrton Hotel. Canterbury, to Mr. J. Polayehelc. late of Waimate: Mr. A. G. Ilavill's interest in the lease of the Family Hotel, lto.n?itikci Lir.:. Palmerston North, to Mr. WhoJley, well-known in Palmerston; Mv. V. Jorsenson's interest in the lease, cte., of the Pukelapu Hotel. Hawkc's Bay, to Mr. D. Kelliher, late of Duntroon, Ota-go; Mr. J. Gryl.Vs interest in the lease

and furniture cf tho Empire Hotel, Hawera, to Mr. Robert Paul, Lato of the Masonic Ilotel, Blenheim; also the contents of the Masonic Ilotcl, Woodville, on bo'mlf of Mr. Penfokl, late of Southbridjse. Canterbury; also a farm of 626 acres on the Waitava River, to Mr. Alfred Bishop, late of the Pahautauui Hotc-1. The same firm also report (through their Sydney office) having sold Mr.' Landy's interest in the Tugcrcrah Lakes Hotel. Sydney, N.S.W., to Mr. M. Muraock. of Manly. Sydney: the Club Hotel, Catnblctown. Sydney, to Mr. Simons, late of Cobargo. N.S.W.; the Royal Exhibition Hotel. Sydney, to Mr. J. H. Smith; Cue Masonic Hotel, Petersham. Sydney, to Mr. P. Smyttc, of Sydney, N.S.W. ( GOLDEX BAY CEMENT CO. The Golden Bay Cement Company's works a.t Golden Bay, Nelson, arc now in* working order. It is expected that they will turn out something like ICCO tons of cement this month. The reports. of the chemist are said to be Quite satisfactory. The annual meeting is to be held this month.

Variations compact! Trico. with last v.'cok. £ s. d. Imperial Consols 78 7 0 2s.Gd.higher 4 , t lN.S.WM933Jaii.-Ju1y lOt 0 0 Unchanged 3i „N.SAVM91S.viar.«Sei). C8 10 0 10a. higher 3 ,.>5.S/W.Uyj Apl.'Oct. 5? ID 0 Unchiingcd 4 Vic. 1020Jan.-July lOi 0 0 10b. higher 3i,, Vic. 1'J.il-k Jaa.-Julj* IB 0 0 Unchanged 3 ,,Vic.l£:9-49Jan.-Jnly £4 10 O 'Unchanged 3} „S,A. 15)16 Jan.-Jnly Do 20 O Unchanged a ,.S.A. lt>16 Jan.-July B- 0 0 Unchanged •1 ,.QTdl915-'JlJrvn.-.)nly 10J 0 0 -Unchanged Si ,, QTdi92l-30Jan.rJuiy WJ 0 0 Unchanged 3 „Q'i'dlW.M7Jan..July cti 0 0 Unchanged 4 „N.Z. 1929 May-Nov. 101 0 0 Unchanged 84 „N.Z. 1940 Jau.-Jtily 9/ 0 0 Unchanged 3 „N.Z. 19-15April-Oefc. bti 10 0 Unchanged 3-iW.A.1920-i0May-Xov 97 V S Unchanged 3 ti W.A,l015-35May-Nov M 10 0 , "Unchanged iii „Tas. ICMOJiin.-July i>7 0 0 Unchanged 3 .. Tas. Iv):i0-10 Jan.-July 84 10 O Unchanged