COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2552, 28 August 1915, Page 8

COMMERCIAL ITEMS

; INVESTMENT.vfiHARES., No' business. wfls 'done ' in . investment 'Eliares.; yesterday. .'.The:' 'QUotatidns wcre'i as 'follow:-*./:;.;:-''!i 1 : 1 ' . J '■ .v'v . . • Buyers. Sellers. • • • - £ s. d. £ Si d. Bank vN.Z.; '(£3-6s. : Bd.) ... 9 17 6 10 2 .6. Bank, i N.Z. ,:(£6;i3s. 4dO ...'15.19 .0 . W- , .Well;.iGas;-(pref.)' : 1 0; 0 WeilS Meat'Export;(£s) ...' , 6 0 0 Well:-, Meat Ex. (£2 125. : 6d.) -. . .■ 2 17. 0 Union.l.Steam tord.) — 12 3 ■Union'-Steam (pref.) ..... 0.19 6. -r . Kaiapoi Woollen, (0rd.)... 5 1,6 . Well. "Woollen , (ord.) 5 0 .0 rr - WeH. Woollen (pref.) 3 10' 0 f- . Taringamutuj. Totara. ... — " 2 -2 0 .Golden Bay Cementllo COMMONWEALTH GOLD OUTPUT. The, gold yield of the ; Commonwealth during the first seven months of, the current year, when -compared. with that' for. ■ the, corresponding portion of 1914, shows . a; decrease, of !24,292. find- o?„ the' total 'for . the later .terms, os-imdicated : by -the . Mines ■Department- returns, - being' approximately ■1,168,082 fine: oz., as against 1,192,374 fine oz., won . between:- January. .1 .and; the end - of Jnly in. the immediately' preceding -year.. In;the table-which follows the output in dach of-the. States M. given .in comparative form:—. V-' .'■: j I--: .".v'-V 1 . .S: ' Seven months, • V■ ■ 1914.' - '. 1515. r Fineoz.. Fineoz. : Western 'Australia - 710,774,- i -: 726,344 : -TictoTia ; 7'~ i ...'...;...'.... , .. ; .V.::: : :;-247,988'.-'..196,873' . i'New"' Soutlh . WM'es: - 77,784 , 82,435 : - Queensland- .-. 135,578. ; ■ 149,533 '.•Tasmania ' ' .17,250 "'10,397 ,*South. Australia ......... 3,000..' 2,500 f ~, Totals ;, 1,192,374 V 1,168,082 . ; .: .'Estimated. '. - , The table discloses o;-decrease of 51,115 lino oz; 'in the. yieflid. 'of. ''gold in Victoria. An increase of '4651 fine' oz. occurred in New -South- Wales.' /L.Western - Australia prodiineed *15,570 . fine oz,' . "more. " and the : outtiirn.:in v Queensland .was 13,955 fine /oz. higher. '.; v; ' r .;"' '•' ' • 7 ■PACIFIC PHOSPHATE COMPANY. ;S In'itheir" report-for 'i914-the 'direotoirs of the Pacific Phosphate Co., Ltd., state that .the outbreak of -war .disturbed the comipany's operations.in- every direction; .' Intercouree -.with -the: island of Nauru—-then; Germa-n 'territory—was, at ohce.' prohibited,' and all" work there was practically*-sus-pended: until, the island came under, Bri;

tish administration, when, the resumption of shipping officially sauctioncd. Complications arose in connection with the compo.my'a shipping cngascnient6, all of wlticli have not yet been settled. On tho deolaration of hostilities shipments from ,Oced'n Island and Kauru to woro diisobntinued, and oorgoes then bcia£ loaded for or cn route to that country wcro diverted, and disposed of elsewhere at considerable expense. Owing to the esvere , drought in Australia, shipments wci'e fur- . tli-er curtailed,' and the total output from !the two islands for tho year fell short by about 40 pei* cent, of that /which the company had reasonable expectations of ; accomplishing. Tho directors liave deemed it prudent to' allocate £25,000 to <i irox contingency reserve. After providing for tho dividends on tho preference shades to tho end of December last, and also for the interim' dividend on the ordinary shares at the rate. of. 5 per cent, per annum: for ( the half-year ended; June 30 last, there remained. for disposal a balance, on profit and loss account of £39,514. . The directors proposed to pay & dividend on the ordinary shares for tho half-year ended December. 31, 1914, at the rate of 10-per cent. •. per 1 annum (making 1 for the full year a return of 7i per cent.), carrying, forward £9280. , , - THAMES GAS OOITPANY. Tho {report'of the Thames Gas Company, lamited, for the year ended July 31 states that the .'balance to credit of profit and! loss account,. including tho siim of. £1177 ! ; 93. 5d.. brought forward, to £2031 ! ;9s. lid., from which an interim dividend of la.-por.share, absorbing £499, 2s.,'.was paid iu MaTch last, leaving'a balance of £1532 i7s. lid.,;out of "which a further dividend of is. per share (£499 25.) has been-de-cla.Tcd. leaving a credit balancc of. £1033 :ss. lid. to be carried forward... \ . HIDE AND - SKIN' SALE.'" ; , Meesra., DaJgety' and Co/.' Ltd,,: Palmes ston North, report:—We held our. ueual monthly sale on Thursday, together "with our special- crutchings sale. • .We submitted a fair-eized cataloguo, -which met •with excellent' competition, and tall lines of cnutchings free:of seed ©old at prices fully .equal to last sale's, rates; . Seedy and inferior . lines Vwere somewhat lower •and difficult-to sell. -B.est sheepskins Bold at about equal 'to last : sale'e rates, whilo 1 short- and' inferior descriptions . showed , a drop of-' id.' to' Id. per'lb. •in sympathy A\dth. other markets... Ox.hides advanced, in price; 3d. to.4d. per'lb.; cow and light hides : .war* a little, easier,'best lines of making' -por lb. less than last eale. Crutcliings: Best lines, 12d. to 12Jd.; me•dium, 10Jd. to Hid.;', short and. heavy, fi£d.. to 93d.; eeedy, sd._ to 7Jd.; dead wool, lOd. ,to 10id.;'locks and pieces, 6d. to 7id.;- rough fleece GJid lambs, lid. to lUd. •Sheepekint3: Pull. wool, best lines, IOJd.,- to 10id.; . medium "to good, 9i&. to- lOd.; half-woola, Bd.; shorts to Quarter-wool, 6sd. t 71d.: lambs, short and shorn, .-sd.' to 73d.; dead I hoggets, 7jd; to 72d.; ditto broken, and 1 damaged,'-sd. to 6id.; pelts, inferior, Id.: to I 2Jd. • Light linee from 6s. to 65.. 6d.; me--1 ddum, 75., 7s. 6d. to' Bs."3d;; extra heavy, from 10s. 6d. to 15s. 3d. each.,- Hides; Ox, medium and heavy,- 10£ d;;: light,-' 9id ; to 9&d'.;- cow hides, best , lines, 8gd;; medium, Bid. to 8 S-Bd.; inferior and rough; 7id. jbo 1 Bd-; ditto, \cut and slippy, tov 74d.;. yearlings, 7Jd'. to Bid,; - ditto, damaged and cut, sd. to 7id.; stags and Wis,'6d.;-Morse hides, 'Sound,' 7s: ',to "9s.v each;cut. and damaged, from-3s. 6d. to ss. 9d. Sundries: Tallow.''.in tine,-. 215.; . horsohair. ' la. 3d. . . : Customs' duty collected at- the. port cf Wellingbou yo3terday amounted tt> £4227 50.- 2d. . ... VfIODTHERN MARKETS. • •••'; > (Isy TelcßraD'i —I-r«w Apswilatlon.) Christchurch, August 27. There' la still 110 change in , the -grain mailiet. Potatoes . easier, qs tho Sydney market does not -warrant further .purchases. At' present There is . still being held considerable stock 3 in store awaiting .shipment.. There is very;, littlo business doing' with tlio North Island,"'Auckland is. drawing its supplies from tho Manawatu 'and'- Feildirig. districts, and the -Hawke'si Bay .crop has turned-out muclh.-better than ccpccted, so, that,(the.North-Isla-nd is more independent thaib. liMidl of "the South, IsLand for supplies of potatoes. The price is now. £s'to' '£6 ss.'at. country- stations. There is ' little' bußiness , doing in . gra6s. and clover seed-for. spring solving,. continued dry' weather; is restricting .-this trade.: Butter has been decreased Id.-per ,Ib. oM round, and factory is noiv. buine quoteiL l wliolwale c-Lt. Is. '4d. ,to. ls. Sd. ' VICTOMAU PEODTJOE .HASKET! ■' By Telegraph—Press Association—Copyright Molbourno, August 27. ! . 'Wheat, Bs. 3d.; flour, £17; oats, Algeriana 'and Ohilis 3s. 9d. .tote.,' Japanese 25.-;64., 'to 2s. 9d.; mnize, steady, ,4s. 6d. to bran;"£B : ss;'; - pollard, £9 5a.; pototoes, £8 ss. to £8 155.; onions, £5,105. to .£6 ; .. BAKK OF ENGLAND, RETURN. (By Telegraph.—Press. Assn.—Copyright.) London,i August 26i Tho Bank of England'retum issued for the week ended' jyednesday, August' 25, is as''undor ■ .' . isscr. Depabxmkxi. • Note Issue £81.811.000, Gov: debt ... £11,015,000 Other sccun-. y 1 ' ties ' 7,431,000 .• ■ ' Gold ... ' 66,392,000. • '' . • £81,811.000 . ' £81,811.003 ' BANKlNG.Depabiment. ■ , ' ' Pronvietors' • Gov. secuiri- •' capital £11,553,000 " ties £45,655,000 ■ Publicde- . OthorßCciui- : posits .'...131,051,000 ■ ties.. ... 142;137,000. i • - 89.4^5.000 V K0te553,038.000 : Rest,7-doy : ■: -. 3,668,000 . Coin ... ... . 910.000 '/ £211,710,000 ~ • - £'241,740,000 ; Thd 'leading items of the Bank-of -Eng* land retura afford the following compari- , Thisweek littstyear .:'■ ' - £ £ • ; Bullion ...' CG.333.C00 . 66,177,000',42,713,000 Reserve «. . 53.54f1,000 ' 63,618.000 . 26.352,000. •■NoteCirculation 31.803,000 y 31,958.000 35,571,000 , Public Dbposits -.131,051.000 10-2.661.0c0 23.887.000 OtherDoposits 59,155.000 124,636,000 1*23,893,000 Proportion of ' , , reserve to ; . .liabilities • . 21.13 23.59 17.83 : GOVERNMENT SECURITIES. , ; Tho following are the latest quotations . ■ for Colonial , Government, in. ' comparison with those 'ruling last week ' . Variation ' ' ; ' ; ' '. compared : . block; Price. : wi;h • ' ■ ■•'' ■ ' '•' - - - last week. ',9.-d. .. .. . 2fi% Imperial Consols . 65 -3 4 Unchanged 1 „N.S."W. 1033 Jan-July .95 ,2 6 -Vnchangcd 31 „H.S.'W-.1930-50Mr..Sp " 94 3 9 • 1/3 higher 35 „K.S.\V. Early Curr 83 - 7 0 • a'G higher 3 .NS. W. 1925 Apl.-Oct 78 0 0 : Hiichanged 4 ~\ic. 1920 Jan.-July : Gr, 2 6 Unchanged '8i „Vic. 19-21-6 Jan.-July :91 7, 6 Unchansed :3 •„ Vic. 1929-49 Jan.-July f• 76 0. 0 Unchanged ,'3i „S,A. 3916 Join.-July .85 ,B 0 tlnohanfied 3 „S.A. 1316 Jan.-July 70 0 0 Unchanged ,'4 . „Q'l'dl9ls-24Jan.-July -95 0 0 Unchanged ;S$ „QTdl92'2-47Jan.--July 910 0 Unchanged ,3 1 ,Q , 1 , d192-2-47Jan,-J[uly 7412 6 Unchanged 4 „N,Z. 1929 May-Nov,' .95 0 0 Unchanged! 34 „N. 2 83 7' 6 Uhchangid 3: ,„N.Z. 1920April-Oet. ( ' 78 0 0 Unchanged ;3i „\V.A.1915-35May-Nov 87.10 0 Unchanged 3 „W.A,1015-35May'-Nov 82 - 2 G Unchanged 34 ~l'as. lti2oJan.-July S5 0 0 Unchanged '3 „Taß. 1920-10 Jan.-July 76 1 3 Unohanged ; MONEY MAKKET., ' The. Bank of Fnt:ln.i:il ill-count, rat© was on January' 2, 1914, roduced from 5 to 41 per cent., on January 22 --'it was reduced to 4 pbr centl, and on January. 28 3 per cent. Oil July 30-the rate was raised to 4-per cent, and on January 28 3 per cent., and on August I'lt woa further^.advanced to. 10. per cent. On August 6 tho rate was reduced to. 6 per; cent., on August 7'it waa furtLer reduced to 5 per. cent., at which rata it now stands. The Bank of France rate lfl 5 per cent,, as acainst 4 per oent. last year. „ OPES MABKET RATES ' • The open market discount rate for three months' bills is 43 to 5 percent., as compaied with 32 per cent, last week'and -— per. cent: last year. Short loans arc (iuatcd at 43-8 per cent., as against 45 per cent, last week and 3 par cent., last year. - COLONIAL AND OTHER PRODUCE Wheat.—Tho market is dull. . ; Flour.—Dull market and prices unchanged. • ~' Oats.—Quiiet. Now Zealand, 356. to 365.; Baliia Blanca. August-Septomebr, 255. 3d. Peas and Deans.—Market firm at full pricea.. Sugar—Market firm- 'American- granulate«, 295, Butter.—Market firm. Supplies of choicest are abort. , * Cheese—Market dull. New Zealand, 70s. to 733.'; Australian, 68s. to 70s. ; Bacon.—Strong, demand. , Danish, 100s. to 1055.,' owing to shortage - present and futnrS. .'. Bradford Tope.—The prices for - tope are imchaogod. There is moro inquiry. • METAL MAEICETS'. Copper.—On. the spot, £70 17s. 6d. to £71 2s. 6a. 1 ; three monthe, £72 to £72 55.; electrolytic, £82 to £83. ' . Tin.—On the spot, £155 to £155 10s.; threo months, £156 ss. to £156 15?. Pig-iron, ,655. sd. Load, £22 ss. to £22 10s. per ton./ Spelter.—Spot,-£<B; future delivery,'£64.