COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1286, 15 November 1911, Page 10

COMMERCIAL ITEMS.

ISTESTItENT SHARES. Two sales of Christchurch Heat sharea at £H ss. wero reported yesterday. The buying and selling quotations were as under:— Buyers. Sellers £ s. d. £ s. d Bank New Zealand — 12 0 0 Equitable Building 915 0 — Christchurch Oa3 911 i 912 6 Napier Gas - 24 10 0 Well. Gas (£8) - 16 0 0 Well. Gas (pref.) 0 2 9 — Christchurch Heat 14 5 0 — Jf.eat Export (£4) — 5 0 0 Meat Export (525. 6d.) ... - 3 0 0 Well. Woollen (crd.) - 518 0 Well. Woollen (pref.) - 219 0 Wostport Coal — 19 0 Manning and Co — 4 0 0 N.Z. Con. Dental — 12 9 Sharland's ordinary - — 14 6 Sharland's preference — 14 6 AUTOMOBILE CREDIT BANK. Agricultural credit banks have long been established on the Continent of Europe, and, generally speaking, they have proved extremely useful to the agricultural communities, but an automobile credit bank is something of a novelty. On the last day of September the prospectus of the Sociotc Gcneralc do Banque ct rte Credit Automobile was issued" in London. The company was being formed to acquire, extend, and develop. the business of tho Auto Bank, of Antwerp, a Belgian concern which has bGe'n in existence cince 19C9. Its objects are to carry on hanking transactions', connected with motor manufacture and similar industries, and to act as an Intermediary between makers and buyers of ,motor coaches, .wagons, and oth*r fo'ling-stock. It is explained that motor, manufacturers usual"? demand full price on delivery, and that this greatly restricts the operations of purchasers of limited means. ; The bank proposes to ti.ssist buyers of '.his class by advancing the whole of the money and allowing them t-D liquidate their 1 indebtediicso on the deferred payment system.

CUSTOMS RETTJEKS. Customs revenue collected at the port of Wellineton yesterday amounted to £4832 4s. 2d. '« TRADE IN'ALLEX STREET. Onions.—Californian onions have advanced 20s. per ten, .and are now quoted at £13 lCs. < • , ' Old potatoes are in heavy supply, and arc quoted at 60s. to CCs. per ton; soles are difficult to effect. Riccfiour is in moderate demand at £5, 15s. per' ton. Bran meets with steady sale at £6 to £6 ss. Pollard continues at £6 ss. to £6 IC3. per ton. Flour.—New Zealand is steady, at £9 sa. 6d. per ton ex store, with Australian at £10 6s. to £!0 lfls/ Rolled oats have a, steady demand at 9s. 6d. to 10s. per dozen. Oatmeal—The warmer weather is restricting the sales. The current quotation is £15 10s. per ton. Oats.—"A" grade Cartons arc quoted at 3s. Bd. to 3s. 9d. per bushel, with "B" grade a halfpenny less. Fowls' Wheat.'.—The market io very firm at 4s. sd. to 4a, per bushel. - "Maize. —Seed varieties are selling at 6s. 3d. to 6s. 6d. per bushel, with feed maize at 3s. Bd. to 3s. 9d. Cape bai'.ey is slow of sale at 3s. 6d. Feed barley is in moderate request at 3s. 3d. to. 3s. 4d. per bushel. Baled etraw meets with steady demand at' £3 10s. per ton. Clovor hay is in short supply, and 13 ruling at £5 10s. to £6 per ton. Hams and bacon are in good request; sides, Bid. ; rolls, 9J(1.; hams, 9d. per lb. Fresh-eggs aro in fair demand at lCd. to IOJd. per .dozen. Butter.—Prime milled, in bulk, is offering at 10} d. per lb. Cheese.—Beat factory, medium CJd., loaf 71d. per lb. Margarine is dull of sale at fljd. ucr lb. Poultry is in good demand. Hens, 3s. 6d. to 45.; cockerels, 4s. to 55.; ducks, ss. to 6s. per pair. Turkey gobblers, Bd. to 9d. per lb. live weight; hens, 6d. to 7d. Fruit—The Warriraoo is due from Sydney to-day with tho usual shipment of mandarins, oranges, and lemons. Tomatoes are now coming forward very freely from the Nelson district. A small ehipinent of persimmons, pears, and tomatoes came to hand per Aorangi from San Francisco. Tho persimmons arrived in an over-ripe condition, and the pears wero condemned owing to being infested with codlin moth, but tho tomatos3 arrived in excellent condition. Vegetables—New Potatoes aro coming forward very freely,. and tho present prices place them within the reach of everyone. Daily supplies of green peas are coming from Nelson and Otaki. Rimbarb is offering freely, the hulk of the supplies coming from the Hutt and Canterbury districts. AUCKLAND WOOL SALFS. (By Telegraph.—Press Association.) Auckland, November 13. Tho first wool sale of the season opono on November 22, when it Is expected that from 6DCO to 7000 bales will be on offer. Thore will to no increase in the total quantity of wool sold in Auckland this season, as the flocks.have been decreased by 80.COO sheep. I

JfOSGIEL WOOLLEN FACTORY. CO. ißy Telegraph.—Press Association 1 Dunedln, November 14. The thirty-eighth annual meeting of the Jtosgicl Woollen Factory Co. was held today. In moving tho adoption of tho report and balance-sheet, the chairman (Mr John Ilobcrts) said the year had been safi lsfactory. The directors had written nil £3COO for depreciation, and increased the amount carried forward by £455, aftoi making allowance for a six per cent, dividend. The outlay for new plant during the year was £3296. The motion was carried. The retiring directors (Mr. Boacrts and the Hon. T. Fergus) wero reelected: GRAIN AND PRODUCE. (By Telegraoh.—Press Association.) Christchurch, November 14. The grain and produce market has hardly settled down since last week's holidays, and consequently little business is doing. Wheat Is being firmly held, and offerings aro somewhat scarce. The price of flour has been reduced 10s. per ton, and a lower price is being offered for wheat by some of the millers, but growers who have offered samples during the last two days have shown no disposition to accept a lower figure than they have lately been asking. There is a' good demand tor whole fowl wheat, and this tends to keep the price of milling wheat firm. There is no business doing in. oats, of which there are no stocks available. Oatsheaf chaff is easier in consequence of the good supply of feed, and 80s. to 90s. Is now being offered at country stations. Potatoes are now prr.cticolly unsaleable, 255. at country stations being the nomiual price. Growers have held too firmly, and the close of the season finds more stocks loft than are required, as new potatoes are now on the market.

WOOL, HIDES, AND TALLOVT. Messrs. Dalgety and Company, Limited, report having held their ustnl sale oi wool, skins, hides, and tallow at Dannevlrkc yesterday, when they offered a medium entry of bides, wool, etc. The usual number of buyers.were present, and prices all round were much the same as at lafit sale.. Prices realised were:—Wool: Crossbred, s{d. to '63d.; dead. 61u.; rrutchltics, 4}d. Skins: Crossbred, from 43d. to 6Jd.; dead, 3Jd. to 43d.; crossbred, damaged, 4r1.: crossbred, dirty. 3d.; three-quarier-brcd. 6d.;. pelts, 9d. to Is. Id. each; crossbred, damp, at 6e. Id. each; hogget*, 6d.; salted lambs, Is. 3d. each; salted pelts, Is. sd. each. Ilides: Cows. sd. to 6d.; cow, flippy, ti<\.: cow, cut. artd slippy, 4Jd.: cow, drv, 6 3-Bd.; cow. meaty. 5d.; ox. 53d. to 6Jd.: ox, staggy, 53d.; horse, os. 6d. to 0:-. each; hull.-16s. 6d. each; yearlings, 6f,d.; ve«r. ling-.;, slippy, 33d. Calfskins. 63d. to B{d.: calf, cut, s|d.; calf, cut and slippy, ii.; calf, dry, Id. to 6>d. Tallow, In tins, i>s., Ms. 6d., Ms. 3d. ■ Sundrlos; Pigskins, no eak; tails, la. 4d. per dozen.

PAPER MILLS IN PAI.MERSTON. AN IMPOIITAKT PROPOSAL. lily Telrgniph.—Press Association.) Palmcrston North, November 14. A movement i.s on fool in establish mills in this district to malio brown paper from flax refuse. A huge meeting of fln.jnnilleni hn« approved of the proposal, and appointed Messrs. 11. Cohen, liroad, (!. A. [jninihn.'in, and li. Seiferl a committee to Ascertain t.ho <T,:<l of in.irliincry, etc., and to report, at a, further meeting. 11. In roilnldnreil that refuse of flax manufacture, now a wastage and also, wMtr vegetation flax in swamps ran lie profitably utilised in this way.