COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1302, 4 December 1911, Page 10

COMMERCIAL ITEMS.

INVESTMENT SHARES. There were no transactions recorded on Saturday. The baying and selling quotations were as under:— . Buyer?. Sellers. £ s. d. £ s.d. Equitable, Building 9.'.5 - 0 '• — .-■ Well. Investment 0 11 6 — Well. Trust and Loan ... '7 10 6 — Well. Deposit 0 5 0 0 8 0 Oh.ristbh.urch. Gas ...:, 9 10 0 — Hisborne Gas :•• — 3 .0 6 Well. Gas (£10) 18 7 6 - Well. Gas (new) - -300 Well. Gas (prof.) 0 .2 11 .- GhristchUTch Meat ......... 14 12 6 - WelL-Woollen (prcf.) .;.... - 3 0 0 -flifcuraogi Goal : : — " ' 10 0 Taapiri Coal ...'..........-....... 10 0 -r ■ Donaghy's Hope and Twine -- 1:3 6 N.Z. Con. Dental — • 12 9 .Ward and Co. 1.:.'..,. 5 0; 0 . — LONDON.WOOL SALES., ;. . Though..there• has' been;:no Yen"-appre-ciable improvement in . values,i, the firmness of the wool market is very encouraging; The slight''a^varicc-ih'crossbred ' is duetto the operations, of ;• the Americans, but'nothing much ; heed : be' ; expected from this quarter;' as-American trade isV.in a very'bad way; and-according to' Mr. Jiiirics Hill, one of the le'ading:'authoritiss on the. financial affairs ofvthe United; States,.'and a great railway- magnate, predicts that there will be record .unemployment in America this, month and .next'Bi6,fith.,.- Apart from whatever assistance can: come from American,buying, .the wool market is "in 'a'much-mora promising condition-than it was a couple.of months-.ago. Early -in October the position of wool was. reviewed in tho Guardian,".and'the following comments were offered:— •- "Th" most pronounced feature :'of -the wool trade at'present is the abundance of the raw material, colonial, foreign, and home grown.. ■. The -, present position contrasts strangely-with the prophecies of the | bulls* for, according to their sanguine ' forecasts, n 'snuceze' was to have been in i evidence about this-time. It.was admitted ■that very '-largo. ."stocks • of colonial-wool were held at Bradford, but it was asserted that every pound of it'was 'mortgaged, as top-makers were full of orders ..-for ' months .to come.. .Yet ever since tho close ! of-tile .July auctious in London'the market'for all classes of, tops made.out, of ■ colonial woo! has been' weak, Vaiid-those qualities which were to hav'o advanced the most Ms., 64's and snper .60's) hive - fallen the most. They can now be easily bought ■ at 2d. per lb. less than the quotations of a • couple of -months ago for. spot, delivery, - and still lower for delivery months ahead. In somo Quarters the fall in values is at- '. trihiitcd to .the dangerous appearance of foreign politics and- actual as well, as '• threatened labour troubles. Sb doubt ' these have been eerioue adverse influences, ' but experienced spinners. and inannfacturers in tho West Hiding have boon of opin- , ion for- many- niontb3 before these special .' disturbances "to trade'appeared that the demand for-yarns ajid goods both in our 1 homo and foreign markets showed iinmin- ' takablo signs of slowing down. Xuchuoni sense' is written about this slackness . in • trndo being brought about by boar3-at Bradford in order .'to depress. prices in tho 1 colonial and River Plate markets. It -;ia | to be -feared that: very few -dealers or. ton--1 makers in the West Riding arc- so devoid •, of stock that they .would, if they-.could. - depress values. In London- oven for all merinos except' the ■few superior gre.isy \ parcelo offoring prices -during last week continued to. decline. We notico in' Inst ' Thursday's, catalogue that a big and well- : known mark'of New; South Wales groasy • was knocked down at from "«1. to B». With L' freights and exchange both high, this means that similar woo! should be bought . in the Australian markots.'at a,parity of about 6id. or 7jd., and yet' it is tiafo to ' say that up to the present no such ssool '■ ha' 3 been bought at,7d. in any of the.Aus- , tra-Uan markets. But the greatest fall in 1 London.has taken place in medium and t fanltv merino scoured parcels; - which bnlK I largoly in' the catalogues. The losses of importers : on these, sorts must be • very 1 sorious. In regard to crossbred?, topmak- - era at. Bradford complain that the: price ) obtainable for- tops of «'s quality-is extroifiolv. low; but they seem to forget .that • whilst "pricq3 for this quality now range ' between - 13d. and 14d., according'to style, ' Uipsu' tops so lately as May, 19C8, wore obtainable in lines of a thousand packs at once well under Bd. There seems at present a determination by users to have ■ raw material and tops at still lower prices ! before buyinir (0 any considerable ; extent i for future delivery. No doubt, the greater doarness of money is helping to depress values." "• . . " ~ "•.•'•• .' DAIRY PRODTJCi;. , 1 ■ Colonial butter is : commanding. a ' very 1 high price, and.all-arrivals appear .to ba eotag -Into consumption .very, readily. Of . course, -.supplies are tending to increase, , lint-the market.'will keep steady until the ' Christmas deni&ud is met.. What mayrbappen nest month is a matter for conjee-

tnre, and much .will depend upon the farming conditions prevailing on the Continent of Kuropc. It is interesting -to n'ot.e that Argentine butter is being . placed oil -the market iu eiwllerit. condition, ana is realising. :i price "equal to thebost Australian. CUSTOMS. /Customs revenue collected at the port of \VelJing.tonon Sa-turday amounted to ■ £3183 '5d.. tlie. collections for the week total- 1 ting ' £26.482-6b.. The. returns for cach .of j tliS past,, eight..week's. as compared with •the fteiirea for- the corresponding periods of last year, shotr as,under:— . 1911. '••• . 1910. ' . . :• £ £ : • October 14 ...™ 9,908 . 10,201 J Ootober 21 ............ 9. "0,092 : October 28 21,757 9.647 . November • 4 ......... 27,66*- . 1 • ftovomber 11 .16,639 . 8.681 • •- Jiovember'lß 21.392 'Ji™- ] 1 November 25 * .... 10,17 a 13.993 • December 2 .20,432 19,„<i9 ■ . , ■ .136,576 . i 21,869 . ; • (The beer daty collected during the. rjasfc ■! we«k amountod to £289.125. 3d., as- a-samst < £388 2s. for - tho corresponding week of last* year. ' *; • . - •' LONDON WOOL SALES 1 CLIP PRICKS. By Telesraph—Press A ssociition—Oopyrish* ■ (Roc. Dccemher'3, 5.5 p.m.) London, Doccmber !.. -Tile, pricos- realised for tho "Hillersden" cli|>, were: Top . price, 10d.: average pnee, j BKISK SALE. i By Telegraph—Prere Association—Copyright. (Eec'.' December 4, 1.10 a.m.) ' . London, December 3. At the sale? there was a (food ■ selection of merinos ;• there;. was a brisk sale, and • competition .was 'general: 43944 bales , were catalogued; and 41,919 sold. DAIRY: EXPORTS. / Le?.ring' Wellington for London on Friday last, the •'B IM.S.- Athonio 1 took ;tho following dairy produce to the Home markets.— ' ... . . • • • ; Butter.. Cheese. .. • Boxes. Crates. Now Plymouth 10,750 3,533 Auckland 21,194 927 Patea; .....2,999 7,265 ■ Wanganui 1,095 338 : Wellington 10,765 ■ 5,002 'Lyttelton 2,167 590 Dunedin ;... . 1,122 . — Totai ; 50,092 . • '17,655 . . THE- METAL -MARKETS. .. , By Telegra-pu—l'resfl'Assoriafinti--Coorrtfhl '. " (Rec.' Dcccmher 3, 5:5' p.m.) ' ' '' - , ,\; London, Kocember •. I i Copper.—On' spot," £53 ;2s. '6d..,'por . :tori": :three months', 1 £59 ■ 17a. -6d. Supplies, 36,253' (tons, deliveries 39,416 .tons, . ' 58,682 .tons; ''-afloaii'i'MMiions.-. : '/Tin—On'opyt,:£2o3,. 10s..per- ton; . three •months';.' £192 15s.' Stocks, -17,361, tons;, spot ;6181 -tons, afloat 4817-tons,' deliveries 2167 :tous; ■ ■ . - ■ • : Lead, £15 16s. 3d. per ton. LONDON JLiKKETS... By Telesraph— Press Association—Copyright ! (Kieic. Dteemhor 3. p;m.) i - • . London,; December 2., 'Copra.—A - moderate ■ business . passing at ,£23 15s. to ; £'2s 135.-93. per .ton. ' Rabbits ,af6:firm and. unchanged.; '"Hares aire nejlcclsd." . ' Hemp i 3 quiet. November-January ship-'ments-are-quotcd 'at £20 55:.: . Jjito.—December-January shipment, ' £19 15s. per -ton..,' ■, Kubbor.»-l'inei .hard, Para at.4s. 4d. per lb. • Cotton—Docembcr-Jauuarr shipments, 4.57(1 . per lb. ' ■>: .. . ; i ; HIDEB iND BASILS.'-' ■By Teleeraih—Press ,Association— Conyri*ht -. (EeCi.becemhe'r .3,,6.5, p.m.) i ~' London,,' December ; '. Hides/'.are' ilrm.' .as. tHbrc- aro only small . offerings.- .. ' . 1 ■. Basils are arm.' New Zealand, 173 d. TALLOW. •■ The stocks total 3711. tons; imports, 31(18 tons; deliveries, 2818 tons. NORTH OTAGO MARKETS. (By Telecrtph.—P"«s Association.) Oamaru, December 2.. There are. no . buyers for wheat, apd prices have slichtly-d.eclincd, and are now quoted.at 3s. &id. to,3s. 6d. No, sales aro reported. Oats continue firm at 3s. for good feed. One lot changed hands at 2s. lid: on trucks at a country station. Chaff still sells at 905., but business is • at a standstill owing to the plentifulness of feed. Butter i 3 in good demand at 9d. for separator and Bd. for dairy. Eggs • are plentiful and are. quoted at Bd. per dozen. MINING NEWS. WELLINGTON SHAREMARKET. Another qniet day was experienced- on ' ..Saturday,.. and., sales of Talisman Consolidated at. 495. and" 495. 3d. were . the 6nly transactions -recorded. Thq buying and'selling quotations were, as under:— Buyers.. Sailers. . .. ■„ , £ s.d. £ e.rt. Kuranui. Caledonian ... 0 18. 0 110 Mountain King 0 0 3 — New Sylvia 0 16 0.18 Raxon ; 0 14 — Talisman 2 8 9 2 9 6 Victoria ..:.... - Oil .— - Waihi ~... 2 15 3 2 15.9 Waihi Grand Junction ...,18 9 19 3 Waiotahi .'; 0 5 0 — ; Wai'taitei, -. :. 0 2 .11 .0 3.0 Murray .Creek.-(as.) .......... 0? 7 o.'. — The course of sales during the past week was ,as under:— - ■ , Kuranui-Oaledonian, la. ;9d.: New' Sylvia, Is. 6Jd.. Is. 5Jd.. la. 6d. Talisman, '50s. 6d., 495., 495. 3d. Waihi, : 595.: 3d. ; Woihi Grand. Junction, 31e. 6d., 32s. 1 , 325. 3d.. 315.;9d., 325. 4Jd., 315.-9 d., 3fls'. ljd.n Waiotahi, ss. lid., 4s. lid.,'4s. Bd. Waitaoigi.'3s. lid., 2s. Hid. The Wellington Stock, Eichange received the-followinE-teleßTams on Saturday:—' ■ Old Hnuraki^—Colours of gold, seaward face, ■ 40flft.' level." •Worksop Dredge.—Return, 78oz. 7dwt. for ; 119 hours. . STOCK, EXCHANGE. (By Telesrraph—Press Association.), i . Auckland, December 2. Business done.- at this .morning's call of ! the Stock Exchange, included:— ' 1 Occidental, Is. 6d. ' ' | New Sylvia, Is. Bd. •. . ' Victoria, 1a... . .. ■ Waiotahi, ss. Id; to ss.'3d. ; Waitangi. 2s. lid., 36.Waihi, £2.155. I Grand Junction, £1 9s. 3d. ! . Saxon, Is. sd. ■ •. - - : Crown, 2s. . 9d. ' TalismaJi, £2- Bs.-9d. . ' Auckland Gas, £3 9s. ' | ... Diinedin, December 2. . t Sale, on ..'change:—. . . t Waihi, ~£2 .153- 3d.■'..Sales reportod:—New Sylvia, Is. 7d.; Nation'al Insnrance, £1 18s. 6d. ; .. . DREDGING, . . 1 " (By Teiecraph.— Press AssocU.tiom.l, .' • Ounedin, Desember .3. . Tiredging retnrns:. 1911 Dredge, 620z.: 1 Golden Bod, 200z.; Sandy Point, 490z. ldwt.; 3 Manuherikia,-60oz;; KaraUiiui, 550z. lOdwt.; r Golden, Treasure. 18oz. lOdwt.