COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1247, 2 October 1911, Page 10

COMMERCIAL ITEMS.

INVESTMENT SHARES. There wore no transactions recorded on Saturday. Tho buying and selliiiß quotations were as under:— Buyers. Sellers. £ s d, £ 6. d. National Dank 6 16 — Baok of New Zealand ... — 12 3 6 Well. Investment 0 11 9 — Well. Trust and Loan ... 7 9 6 — Well. Deposit — 0 8 0 Auckland Gas 3 9 0 — Chrijtchurch Gas 9 12 6 — GfoboriH! Gas — 3 16 Well. Gas (£10) - 19 0 0 Well. Gas (£7 155.) 15 10 0 - Well. Gas (new) 2 15 0 3 0 0 Well. Gas (rights) 0 0 4 0 0 5 IJnion Steam — 2 0 9 Well. Woollen (prof.). - 2 19 6 Hikurangi Coal — 10 9 Lcyland O'Brien 18 9 — N.Z., Paper Mills — 10 9 Tarinpamutu Totara 2 2 9. 2 4 0 Kotuku Oil (10s.) 16 6 — The coursc of sales during the past month were as under:— National Bank, £6 Is. 6d„ £6 25., £6 2s. Equitable Buildine. £9 15n. Metropolitan Btdldimr, £12 6s. Ohristciiurch Gas, £9 l<s., £9 12s. 6d. Feilding Gas, £1 2s. 3d. Wellington Gas (£7 155.). £15 7s. 6d., £15 15s. WcUinßton Gas (now), £2 133. • premium. Wellington Gas (rights). 4d„ 4d., 4d.. 4(1, 4d.. 4c1., 4d.. 4cL, 4d.. 4d.. 4d. Standard Insurance, £1 lis. lOd. Chrif=tchurch Meat. £15 10s. Union Steam, £2 os. 9d. Wellington Woollen, prefcrencc. £3 la. 3d. Wcsrtport Coal. £1 Bs. 9d.. £1 Bs. lOd. Leyland-O'Bricn, £1 Ss. 9d. N.Z. Consolidated Dental. £1 35., £1 3a. N.Z. Drue, £2 9s. 6d. N.Z. Paper Mills. 20s. 3d.. 2Cs. 3d. Taranaki Petroleum. 183.. 18s. Tarinsamutu Totara. £2 2s. 6d., £2 3s. 3d. I TEE MONEY MARKET. It is as yet difficult to say what effect I the trouble between Italy and Turkey will have upon the European money markets. The financial resources of neither country are of a chararter to cause a great deal of disturbance, but trade will suffer in many .directions. In the meantime it is interesting to not© that last week the Bank of England wars called upon to furnirii £1,500,000 for export. The rates for money were appreciably higher: short loans, were up h P&r. cent., while the discount ratcr> in London. Paris, and Berlin were exceptionally hisrh. Bank rates in all contrcs mui't go higher very soon.' and it eecma vory probable that there will be a pcricd of financial CATTLE IN RHODESIA. There are indications thAt in the near future Rhodesia may becomc au important contributor to the meat reQuircmenta of the United Kingdom. Already the Liebie Company has secured in the .South African colony 4CO.CCO acres of lard, with an option to purchase over a tract of 2,100,GC0 acf<s, and the area is being stocked with cattle, the company's operations being conducted throughout on a very largo scale. Largo quantities of maize are now produced in Southern Rhodesia, aaid it is expected that this will lead to a development of the pig-raising industry, the ab&oncc of swi-ne diseases being favourable to the establishment of bacon factories on a profitable basis. Goaimentincr on the outlook in Ithodesia for cattle breeding, an expert who has corns into the proposition, writes: —"A fthodesian Winnipeg, or'even a HIIO- - Chicago, may not bo beyond the possibilities of a not remote future; 25,» GCO.CCO rattle sounds a startling figure, but it is that at which sober expert opinion places the number of cattle which Rhodesia. South and North, scientifically treated and replenished, can well support/' Important development, it is stated, may be expected in that quarter. RAILWAY ACCIDENTS IN 1910. An unusually heavy toll of life and limb was taken by the railways of Great Britain last year. This is shown by the Board of Trade's annual report on railway accidents. Some 1062 persona wero killed, and 8342 persons injured on tho railways in 1910, aa compared with 971 and 7592 respective in 1909. This means increases of 91 killed n.nd 750 injured. The average far 1899-19C8 was 1142, and 72D0 respectively. That British railways justly enjoy their rcDUtatioa for pafoty, in spite of these apparently serious ficures, is de-m-TEsiratod by the comparative smallncea of. the number of accident# when the number' of paarenger journeys is taken into account. Exclusive of season tioket-holders (752.000) the number of parsenger journeys undertaken was 1,306.7 million in 1910, when the death-rate was only 23, and only 1111 persons were injured. 111 the ten years ended 1909, 1 passangor was killed on the average in every 72,CC0.C00 journeys, and 1 injured in every 2.200,C00. as compared with lin 56.8C0.CC0 and lin 1,200,GG0 injured in. 1910. The rfek. is really less than these : figures indicate, .sir.ee they take no acI count of the journeys of season ticketI holders. The number 0! theso has greatly ! increased in rccerit years. ' WHEAT OUTLOOK. The cereal year, according to European' andi American experts, extends from August 1 31, and the huge shipments during the elbsing months -of the ccroal year, havo thrown' the predictions of the I experts ciuite out of gear. The leading I importing countries have comracnoed the I now season with such substantial stocks on I hand as to considerably reduce their prob--1 able, requirements. Thfe, combined with I largo crops in the principal producing ; countries, does not make the. price outlook encouraging. The present cereal year cora- , nienood with British native wheat- at 52.1. i sd. per quarter, as compared with 335. sd. ! a year ago. and 435. 6d. two years a-?o. j llr. Geo. Broomhall, the Liverpool grain | expert, estimates that Europe last season consumed about 70.CC0.0C0 Quarters of imported wheat-, and ex-European countries about 9.500.CC0 quarters. For the current season Mr. Broomhall believes that France will probably need 7.0C0.CC0 quarters less of imported wheat. Italy about 2.GC0.0C0 quarters less, and Spain. Portugal, and Great Britain may take 3.CCO.CCO quarters more. The exporting countries, without Russia, will probably he able to exnort 56,CC0,CC0 quarters, and, if Russia at all approaches her last season's figures, it is evident , that there will to a serious glut of wheat. I EXPORTS OF PRODUCE, i Leaflet No. 120 givintr the quantities and values of the principal products exported from New Zealand for the first half of the current month is. to hand. Comparing 1 values with those for tho corresponding j period of last year, we get the following:— ! 1911. 1910. £ £ Butter 2.072 18,cC6 Cheese 296 483 ;• Beef 45 <39 . Mutton 14.163 14.368 Legs and pieces 164 Lamb 25.518 1D.^73 Wheat 10.551 14,583 Oats 614 2.110 Potatoes 142 230 .Kemp 15.864 9,734 Rabbits 2.677 19,588 Tow 1.010 193 Kauri gum 18,040 4.022 Grain and pulse 5,2:8 '84 Hops 2.410 £67 Hides 7.825 11.155 Skins 24,302 27,309 Tallow 5,404 IU4I Timber 18.089 6,805 Wool 40.039 33,398 Gold 41.C78 52.880 23M41 221,442 THE BEEF TRUST. According to the "Review of the River Plate," there is no slackening in the determination of the American Beef Trust to capture the meat trade of the Argentine. The organisation in question has just acquired the ealadero at the Cerro, Monte Video, for the sum of £20.000. A short time ago it purchased the Cibife Faladcro. The trust now owns .the La Plata Cold Storage, the La Blanr.a and the above-men-tioned. which arc to be converted into modern freezing works. Now that forcitm control of the meat, industry of Argentina is only a matter of time, other native enterprises are attracting the attention of American capitalists. It is stated that the Tobacco Trust of America ar.d Londo:» is negotiating for the formation of a trust of (-obacco and oigarche manufacturers in Argentina. The £rust has a capital of 15.OCO.COO dols. available for this ohjcct. In Buenos Ayres there are sixteen important factories, and of there eleven have accented the conditions, which is half cash and half thares. KOTUKI OILFIELDS. The following telccram was sent to the London office for the week ending September 28:—"Drills down to two hundred feet, in hard sandy moil' strongly impregnated with petroleum." In the previous week the drills were clown to 118 ft., so that fair urnsresfc has been mnda-

CUSTOMS, Oufitonifi revenue collected at the port of Wellington 02 Saturday amounted to £SSB the total for UlO week bcim; £15)2 Ift. 3d. Tho returns for eacli of (lie past eight weeks, a-:i compared with the figures for the corresponding period of last year, show as under:— 1911. 1510. August 12 25.137 K.Ka August 19 11,592 tl .161 August 20 15,965 26.JC9 September 1 15.156 11.335 September 9 23.4C6 12.C49 September 16 13,455 13.8-55 September 23 21,591 22.5« September 30 7,593 11.171 136,E95 137.178 The Customs revenue collcclcd last month totalled £69.C09 'Is. Id., r.i c.irainst £70,690 IDs. £d. in September last yc-:-r. The beer duty for the uast week wa*> £193. as against £-293 13s. 6<l. for the ccrrerponding week of last. year, the total fcr tho past month wa3 £836 cd.. as parcd with £951 4s. Id. for September, 1910. LONDON WOOL SALES. By Telegraph—Press Association—Copyright London, Septomfcer 29. At tho wool sales there was good business at full openinp rates. FKOZEN MEAT. By Telegraph—Press Association—Copyright (E-ec. October 1. 5.5 p.m.) London, September 30. The Frozen Meat Trade Association's Rmithfield market quotations for the undermentioned classes of frozen meat- are based on actual sales of not less than one hundred carcasses of mutton or lamb, or twenty-five auarters of beef of fair average quality. The n.uotations are not for selected but for parcels fairly representative of tho bulk of the shipments now on the market. The nricen which follow are on an average a farthing per lb. more than the value cx ship, this difference representing an average cost in expenses, handling, conveyanc°o and selling the meat:— Mutton— Sep. 23. Sep. 30. d. d. Canterbury, light 4} 4} Canterbury, medium 4J 4J Canterbury, heavy 4 4 Southland 315-16 315-16 t f 1 . 315-16 North Island, ordinary ... 33 33 Australian, light 3J 3 7-16 Austr.-Uian, heavy 3 3-16 33 Itiver Plato, light 33 311-16 River Plate, Wvy 37-16 3i New Zealand, ewes 33 3j Australian ewes 3 5-16 3 5-16 Itiver Plate, ewes 33 3 5-16 ! Lamb— Canterbury, light 5 5-16 5 5-16 Canterbury, medium 5 5-16 . 5 5-16 Canterbury, heavy 5 5 Southland 5j y North Island, selected ... 5H 5J North Island, ordinary... 51-16 51-16 Australian, best — _ Australian, fair — _ Australian, inferior — _ liivcr Plate, first <j a Itiver Plate, second 4J 44 BeefNew Zealand, ox fores ... 23 25 Now Zealand, ox hinds ... 33 3j5 Australian ox fores 21 2j Australian, ox hinds 3 9-16 3j> liiver Plate, ox fores 2,'t 2J Itiver Plate, ox hind? 3} 31 E-iver Plate, chill c-d fores 3 21 River Plat-e, chilled hinds 4? 43 Kabbi-ts.—There is a bri.sk trade at full late rates. BtJTTEF.. Danish butter is quoted at 1445. to 147b. LONDON WOOL SALES. The foil owing, are the pricce realised for ; the Heeco portaon of tho clips named:- - IleretauTiga," top price 9d.. average price Bid.; ftyii'dham,' top price 121 d.. avor"ge price ICJd. " | GRAIN AND PRODUCE. ' 'By Telegraph—Press Association.! 1 _ . . Oamarii, October 1. Dullness reigns m the wheat market, and , there has been little or no movement. ! I lie market is easier, and 3s. Sd. for velvet , and 33. 7d. for red cliafl 011 the trucks at : country stations are ficures quoted. Oats are firm, but no sale** ore reported The price- is 3s. for good feed. Potatoes arc still further depressed, a fall i of from 2s. 6d. to ss. cir ton hvinc tal; n n place. The price is now Ms. to 375. Cd. on trucks at country citations. Seedin? is now completed, and there is little doing m jrrass seods. • Butter remainr at ICd. for separator and Bd. for dairy. There a coc-d supply, Lifjrs are Quoted at Bd. per dozen. LONDON MARKETS. Messrs. Dalgetv and Comp.my. Limiled, have received the following market information from their London office by cablegram, dated September 23:-Prozcn Meni..—Mutton and Lamb: Since our lati cablegram there has been e. poor demand owing ■to the low prices of Home-grown' and Dutch, but lielders are firm, at unchanged prices. Beef.-Unchanged. Tallow—All sorts except lino beef and mutton tallow are 6d. 1 er cwt- lower since our last wire. Any change is in favour of buyers. Tbo New Zealand Loan ar.d Mercantile Agency Company. Limited, have received the following cablegram frorn their London- house, under date Sentcnibcr 26 — Frozen Meat: The market - is ov.iet for mutton, and weakeT for beef. The demand for lamb is falling off. FEILDING MARKET REPORT. Messrs. A. H. Atkinson and Co., Ltd., report hardly anything forward on Friday owing to prevailing wcathor conditions. For poultry penned good prices were obtained. Hens sold at 3s. 6d. to 4s. per pair: ducks, 4s. to 4s. 6d.; aged horses, to £5 No pigs were offered, and very little produce came in. Messrs. Dalgcty and Company. Ltd. (Palmcrston North), report:—At our Feildimi sale on September 29, a medium yarding of stock came to hand, all of which sold readily at following prices :—Mixed ace ewes with lambs, 15s. 3d.; store cows, 37k. to £3 lis.; erapity heifers, to £3 Its. 6d.: yearling heifers, to £2 175.: cull wcaners. 216. 6d.; small yearling steers, £2 55.: 25-ycar steers, to £5: dairy heifer., £4 10s. to £6 15s.