COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1261, 17 October 1911, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAPES. A sale of Wellington Gas Rifh*s at 2d. was the only transaction recorded in iJives'tment shares ' yesterday. The buying aud selling quotations were as uudcr:— Buyers. Sellers. £ ?. d. £ s. d National Ba.nk 6 10 C 2 0 Christchurch Ga-s — 9 13 6 Foih'inr Gas 116 - Well. Gas (.£lO - 13 17 6 Woli. Gas (£7 155.) 15 10 0 Well. Or.s (rights) 0 0 2 0 0 3 1 Ohristchurch Meat — 15 0 0 i N.Z. Shipping 11 0 0 - Union oa-m — 2 0 0 Taupiri Coal — 116 : Wc«tport Coal — 19 0 ! Lcyland-O'Brien 18 9 — i Manning and Co 5 19 0 * — i N.Z. Con. Dental -* 13 6 i N.Z. Paper Mills 10 0 10 6 Kharlftnd's ordinary — 14 6 Taringamutu Totar.a 2 3 0 — Ward and Co 4 19 0 5 1 0 Whitcombc and Tombs ... 6 12 6 — NI'W SEASON'S PRODUCE. 1 Nott wool i? beginning to arrive in Wellington now thai shearing has commenced in several districts; Something over ICO ba-lcs are now in store, over SO bales coming from the U.appv Valley Estate. From Foiildinsr. have oomc to hand. If the weather holds gocd, shearing will be general presently, and the rntaMguo for the forthcoming wool rale in Weljington should bo bulkier than was the ease at the corresponding pale of last year. Butter is not coming to hand so freely as was the case a. yea-r ago. n.ud, what is

more, the Rrcdins: shows a lorser rcreont-o-'c of It is obvious that the dry weather is Btitt boini felt: otherwipc the nuantity for shipment would be much larger. .The fact that the percentage of tent than ln«t year is probably" due to the stricter grading, and with this there canoe no complaint. FROZEN MEAT. The frozen meat market is dull," with a weakening tendency, but, compared with a yoa.r ago, there is not much change, as the following will show:— Oct 14, Oct. 15, 1911. 1910. Mutton— d - d - Canterbury, light 4} 4i . Canterbury, medium 4i 4J Canterbury, heavy 4 4 Southland 4 — North Island, best 4 4J North Island, ordinary ... II 4 LambCanterbury, light 51 5J Canterbury, medium 51 5 5-16 Canterbury, heavy 4j 415-16 Southland 5 — North Island, selected ... 5 51 North Island, , ordinary .. 43 55-16 BccfNew Zealand, ox fores ... 1\ 21 New Zealand, ox hinds ... 3§ 3J Customs duties collected at the port of Wellington yesterday amounted to £1411 19s. 2d. ENGLISH, SCOTTISH. AND AUSTRALIAN BANK. By Tclcrraph—Press Association—Copyright London, October 15. The report of the English, Scottish, and Australian Ba.nk, Ltd.. for tho year shows that thn profits amounted to £215,712, out of which interest on perpetual debenture stock absorbed £99,676. The sum of £15,0C0 has been placed to the credit of tho reserve fund. A dividend of 7 per cent, has been declared. There has been applied to the cancellation of deferred deposits £12.587, and to the reduction of tho bank premises account £10, CM. Two thousand pounds has been pjaced to the officers' guarantee funa, a.nd £(100 given as a, bonus of 10 per cent, to the staff. The sum of £31,595 has been carried forward. The balance-sheet shows that deposits and ourrcnt account totnl £5,368,629, rash and investments £1.910,988, bills £1,322,249, and advances £5,802,464. JIIGIf COMMISSIONER'S CABLE. The Commerce and Tourists Division of the Department of Agriculture, Commerce, and Tourists has received the following oablcera.ni from the High Commissioner fo" Now Zealand, dated London, October 14, 1911. (Note.-O.U'jtatione, unless otherwise specified, are avorage market prices on spot):— Mutton—Tho market is quiet. There Is a dull sale for all Qualities, but holders an: firm. Canterbury 4£d., North Island 33d. ■i- lb. Lamb.—The maxkct lb weak on account of supplies of home-Brown lambs being heavy ami lowering tin: prices of New Zealand lambs. Canterbury 5?d., other than Canterbury 5d., Scotch hill 4-Jd. perlb. Beef.-The market is dull. There is little doiuand, and sunoHcs aa'e law. New Zealand hinds lid,, New Zealand fores. 21(1, juer i JK '

Dutter.—Tho market is rather nuict on account of the high price?. Buyers of butter r.ro holding back, cxpediiif; prices to go lower. Danish H6s., Siberian Vlh., Austrnliau 132«. per ev.t. Cheese.—The market is ruiji, and prices slightly weaker. Forward tranaiotions in cheese are very limited al present nuotations, but future nrospe:"t:> arc cood. Canadian 63,. Oil., English rliedi'ar E6s. Hump—The nnrliet U eiuiel, but moderate buiiness doing. Xcw Zealand is firm at last quotation?. Stock of New Zealand hemp, 936 tons. The market for Manila Ins advanced 20». The output from -Manila for :ne week was 20.CC0 bales. Hemp quotations last week: Now Zealand "good fair," on spot, per ton, .£l9 Ifs.; New Zeal'iud "fair" grade. £18 li-:.; "fair current" Manila, £10. l-'m-.viid shipment-New Zealand "good fair." £20; Xcw Zealand "fair" grade, £19; "fair current" Manila, £20 ss. THE BUTTER TKADK. TRIAL SHIPMENT TO CANADA, (by Telwrraali.-Pross Association.) Auckland, October 16. Tho Canadian Trade Commissioner (Mr. W. A. Eedtloe) has received a, letter from the Cumcliau Deputy-'Jinister for Commerce (Mr. O'llaral stating that a box of New Zealand butter seut to Canada recently arrived in splendid condition in 27 days at Ottawa, despite the fact that the weather was extremely hot. It was put in the co'.d storage, and the manager thorc became so struck with its fine appearance and ciiialitr that ho rccucstcd the Minister to inouire from the Auckland Commissioner the cost of u trial shipment with a view to purchasing more largely in the future. Tho Minister s letter coucjuded with tie words: "It is the best butter I hp.ve ever tasted." "This communication," says Mr. Beddoe, "means that the possibility is opened up for sending New Zealand butter as fax east as Ottawa, which is 3CCO miles from Vancouver. I have always considered the market was on the West Coast, and as far east as Winnipeg; but if butter can finds its way as far as Ottawa, it makes it possible to supply all the other large centres in Ontario, such >13 Toronto (population 355,CCf1), and Hamilton (IZO.CCC). Arrangements axe being made for a trial shipment.