COMMERCIAL.

Press, Volume LIII, Issue 15870, 9 April 1917, Page 9

COMMERCIAL.

(By Cable—Press Association —Copyright.) (Australian and N.Z. Cable Association.) BANK OF ENGLAXD RETURNS. LONDON, April 5. The Bank of England returns issued on Wednesday, April 4th, afford j the following comparison:— j March 28. April 4. ! £ £ I Coin ... .. 52,032,000 52,W0,003 Reserve .. .. 34,170,000 6-1,210,000 I Proportion of reserre to ! liabilities .. 19,02 19.02 ! Circulation .. .. 38,289,000 38,901,000 Government deposite •• 49,915,000 50,124,000 : Other deposit* .. 129.647.0C0 128,968,000 Government securities 24,003,000 39,245,000 i Other securities 139,610,000 123,303,000 ■ Short loans, 4g per cent.; three j months' bills, 4i per cent. GOVERNMENT SECURITIES. The following are the latest quotations for Government securities, with a comparison with those ruling last week: Price Prioe last week, to-day. £ e. d. £ s. d. 31 per cent. Imp. Con. .. 53 0 0 55 2 6 5 per cent. War Loan .. 94 10 0 95 0 0 3J per cent. Wax Loan .. 86 10 0 — 4 cer cent. War Loan .. 94 0 0 — N.S.W. 4's, 1933, Jan.Jly. 80 0 0 81 0 0 N.S.W. si's, 1930-50, Mch.Sept. .. .. 96 12 6 97 0 0 N.S.W. 3i's early currency 68 0 0 68 12 6 N.S.W. 3*B, 1926, Apl.Oct.. .. 67 15 0 69 7 6 Vic. 4's. 1920, Jan.-Jly. 94 7 6 94 10 0 Vic. 3J's, 1921-20, Jan.Jly. .. .. 82 12 6 84 0 0 Vic. 3i'o, 1929-49 .. 66 10 0 67 10 0 Vic. 3's, 1923-49. Ja.n.-Jly. 67 17 6 61 5 0 Qland. 4'b, 1915-29, Jan.i Jly. .. .. 86 5 0 89 7 6 Qland. 3i'a, 1921-30, Jarf.Nor. .. .. 85 0 0 S6 7 6 Qland. 3's, 1922-47, Jan.Jlv, .. .. GO 17 6 61 5 0 ! N.Z. 4'« 1929, May-Nov. 84 0 0 83 5 0 i N.Z 3i's, 1940, Jan.-Jlr. 70 10 0 7 1 5 0 ! N.Z! 3'e 1945, Apl.-Oct. 61 17 6 G2 15 0 ; S.A. 3J's, 1939, Jan.-Jly. 70 13 0 71 0 I) S.A. .Ts, 1916 or after, J»n.-Jly. .. . • 56 10 0 5G 12 6 Tas. 3i's, 1920-40, JanJly. .. .. 70 0 0 71 5 0 Tas. 3's, 1920-40, Jan.Jly. .. .. 63 0 0 64 10 0 W.A. 1920-35, MayNov. .. 75 0 0 73 5 0 W.A. 3>, 1915-35, MayNor. .. 70 5 0 66 0 0 Other stocks unchanged, SHARES. Waihi Grand buyers 14s 3d. sellers 15s 3d. " Union Steam Ship Company, £2 6s. DAIRY PRODUCE^ LONDON, April u. Butter—The market is weakening. There are large supplies of Danish at northern markets. Prices are:— Danish, 218s to 2225; Australian, choicest salted 198s to 200s, in exceptions 2025, unsalted 2s less; New Zealand, salted 214s to 2165, in exceptions 218s..unsalted 208s to 210s. CEREALS. LONDON, April 5. Wheat—Tho market is quiet, and prices are unchanged. Flour—The market is firm. Australian forward offers are much abovo English parity. Oats —Tho market is very firm. Peas and beans—Tho market is very firm. No colonials are offering. SUGAR, Th« market is unchanged. WOOL» SALES. (Received April Bth, 5.5 p.m.) LONDON, April 6. * The Government aro acquiring the new English wool clip at about tho 1914 July rates. Of 86,900 bales catalogued at the current sales, the Government withdrew 23.000, while 53,000 were sold on the Homo market, 2000 on the Continent, and 5000 in the United States. The latter's entry into tho war is likely to cause a large demand either in Australia or in London. Best combing merinos advanced today, while others made full rates. Best scoured further appreciated. Lambs' wool sold often above February rates. The smallness of America's purchases is apparently due to tho prices being too high, and because direct Australian shipments ar© permitted. The Bradford wool market is quiet, and veiy firm.

, LONDON MARKETS. (Received April Bth, 5.5 p.m.) [ LONDON, April 6. Rubber—Para, 3s 2jd; plantation, 3s lid; smoked, 3s ljd. 1 Following is a copy of a cable message, dated April 4th, received by Dalgety [ j and Company, Ltd., Christchurch;.from . j their London office: —"Tallow; A't the ; ' auction held to-day there was a fairly j sood demand. Mutton is Gd higher; ! mixed irregular and on the average 6d [ lower; gut is unchanged.'' j SATURDAY'S POULTRY MARKET, i Messrs J. 13. Merrett and Co~ had i an excellent sale for their final Easter j sale. There was an entry of over 2,0U0 j birds, and some excellent quality was ■ penned. Priccs were better than the two ; previous sales. Table chickens realised :4s 6d to 8s 9d; liens 3s 6d to os 9d; 'pullets, 4s to lis; ducks 4s to 7s; geese, : 7s to 9s ; turkeys, gobblers, 15s to 43s ; turkey hens, 7s to 16s, all per pair. ; The competition pens sold remarkablv ' well, sevieral pen s sold at £6 6s each, j while others ranged from £1 to £5. j EGG MARKET. | The egg market remains firm, though • the big Easter demand has dropped off. ; Canterbury Egg Circle first grades aro : 2s' 3d, seconds.2s per dozen. ! NEW BRIGHTON LAND SALE. ! A successful sale of land at New Brighton was held by .the New Zealand ' Farmers' Co-op. Association on account 1 of the trustees of the late Chas "Withell. | The offerings comprised the Manor Farm, of 515 acres, which was passed to Mr R. J. Corrigan at £31 per acre, and 21 building site 3, two houses, and three sections, situated in Brown's road, St. Albans. Sales were made as follows:— Lot 1-337-10 th perches: F. Sincock, £71. Lot 2—36 perchea: F. Sincock, £71. lot 3—38 3-10 th perches: F. Sinooek, £71. Lot 4—39 S-lOth perchea: F. Sincock, £71. Lot 5—22 1-10 th perchea: J. Buxton, £70. Lot 6—25 SJ-lOth perches: F. Kibblowhite £10u. Lot 7—22 7-10tli psrch©3: R. T. Lees, £60,