COMMERCIAL.

Press, Volume LIV, Issue 16264, 15 July 1918, Page 9

COMMERCIAL.

(By Cable.—Pre«« Association.—Copyright.) Australian anj N.Z. Cable As»ociafion.) BANK OF ENGLAND RETURNS. LONDON, July 12. The Bank of Eneland returns issued 011 "Wfdnofylay, July 10th, afford the followingcomparison:— July 3. July 10. £ £ Coin .. .. 64,732.000 6.i,?69.000 Refcrvo .. .. 38,831,000 29,316,000 Proportion of reserve to liabilities , .. 15.18 16.40 Notes in circulation .. 54,903,000 55,092 000 Public depoeits .. 38,179,000 .-8,343,000 Other deposits .. 152,068,000 140,419,C00 Government securities. 66.538 000 57,379,000 , Other security .. 113,937,000 109,922,001 , Short loans, per cent.; throe months' bills, 3£ per cent. GOVERNMENT SECURITIES. The following are the latest quotations for Govern men-! securities, with a comparison with theso ruling last week: —

CEREALS. * Wheat—A little Australian wheat is offering- at 80s 9d ex quay. Flour—There is a good supply, but Australiari is not offering. "•"Oits—Tb'c i»"qili6t. Peas and Beans—The market is .firm. SUGAR. The market is unchanged. • TATTERSALL'S HORSE SALE. . Messrs H. Matson and Co. had an entry of 41 horses on Saturday. The quality wa.3 mixed, so there were no really high prices recorded. There was a demand for useful working horses, but very few of this clas3 oamo forward. Tie principal tales were: — Account P. Ryan (Brondfields), 1 six-year-old maro by Black child £17; account client, a?fd mare £11 10s; account W. Jones (Ransriora), -harness mare £5; account E.. J. Richard (City), six-year-old geld. £16; L. Rattray (Hororata), eight-year-old dr. gelding £15 IO3; account F. Martin (Rangiora), four-year-old harness gelding £0; account client, grey ■marc, 6yrs, £1G; account Percy Hart (Addington), three-year-old liack £8; account client, nine-year-old gelding £8 10s; account K. Wilson (Dunsondel), five-year-old dr. mare £17 10s; account client, chestnut filly £9 £s; account* client, bay colt £10 10a; account J. W. "Wright (h-imberley), 1 harness mare £6 ss. Aged hacks and harness horses sold at lato rates. NATIONAL BAN® OP NEW ZEALAND. (PRESS ASSOCIATION TELEGRAM.) WELLINGTON, Jjily 13. The general manager of tho Bank of New Zealand, Limited, has received a cablo message from the London Board advising him that the annual meeting of the bank will be held in London on July 24th, when it is proposed to declare a dividend of 6 per cent, for the half-year, and a bonus to shareholders of 1 per cent, on paid-up capital, equalling 13 per cent, for the year ended March 31st last. The sum of £10,000 has been allocated to tho reduction of the bank .premises account, and £15,000 added tothe reserve, which will then stand at £703,000. The sum of £45,550 has been carried forward. BANKING INTERESTS. Nothing is known locally of tho rumours which, according to a recent cable, are reported to be current in London, to the effect that certain English banks are about to. ao- v quire large interests in banko in the oversea Dominions, to foster trade aitcr the war. The first indication that either of tho two New Zealand banks were concerned in the project would be a distinct hardening n shares, and this has not taken place. Possibly tho rumours eo vaguely quoted do not refer to Australasian banks at all. Aa was stated in an editorial article :n Saturday's issue, somo apprehension has lately been expressed at Home regarding 'he possible cSect of banking amalgamation upon the commercial interests of the ocuntry. The process, however, still goes on, and Saturday's cables told of "the amalgamation of Barclay's Bank with tho London and Provincial and the London and South-Western Banks. Barclay's was founded in 1896, with a subscribed capital of £12,679,440, of which I £4,534,443 was paid 'np. Its reserve fund in 1916,5t00d at £1,200,000. Tho London and Provincial dates from 1864. Its caprtal e two millions, a millon being paid up, and its reserve fund in 1918 was £1,650,000. The £10 shares, £5 paid up, were quoted last i year from 16} to 145, and »*> dividend for ' the last complete year up to Isovember, 1917 wofi 13 per cent The London ana > South-Western, founded in 1862, has a capital of three millions, £1,200,°°° paid up, and a i. reserve fund of £1,350,000. Ite-tateit **ord--1 ed dividend was 17 per cent. All the figurea given above refer to tho year 1916, except where otherwise stated. It was.pointed out recently by a financial • authority that by the process of [ tion that had been going on the number of . ioint stock banks in London had heen le- ' duced in six months from eleven to seven. I The combination referred to above will lurj ther reduce the number to five. THE POULTRY MARKET. ! Messrs J. B. Merrett and Co. had a good entry of poultry on Saturday, when thero was a good-demand. All closes of birds I realised good values. Pnmobirdswero in I special demand. Tablo ch.ckene f ' 8a 6d hens 4s to 6s, ducks 5s to Ss 63. pul- > lets '4a to 12a, geese 7s 6d to lte 6d, turkeys > 10s to 225, all per pair. f EGG MARKET. ? ' The full effect of the recent stonn has been felt all this week by short supplies. Given ' fine weather, a change must bo expected. » Canterbury Circle quote first grades .a, [ , seconds 1b 10d. duck eggs Is 10d. 1 THE PRICE OF ONIONS. The price of onions has advanced, and for 5 primo samples £13 per ton has been paid to ) growers.

JONES, McCROSTIE COMPAQ, LTD. SALE REPORT. Messrs Jones, McCrostie Company, Ltd., report having sold by public auction: —On account Mr H. A. Brady, quarter-acre of land, with residence thereon, situate Wordsworth j Sydenham, to Mr W. Leeney; on ac-" count of Messrs Congreve and Sons, Ltd., nearly new bungalow of 5 rooms, | situated at No. 27 Mersey street, St. I Albans, together with 23 perches of land, to Mr Moss: on account of the mortgagees, splendid residential property, situate at Avonside; on pccount of the Registrar of tho Supreme Court, the patents and patent rights of Hutchinson's Scales Company, Ltd., to the mortgagees. Also, on account of Mr E. Fear, his homestead and 25 acres of land, situated at "Waikuku, to Mr J. Lewis On account of Messrs Smith and Smith, Ltd., sawmillers. that valuable property situated at the crner of Moor house avenue and Wnltham road, con taining 1 acre 1 rcod 39 perches of land, together with the whole of the buildings thereon, to the Gas Comnany; on account "f Mr Jas. Pu'vis. his farm, containing G6 acres, together with the buildings and other improvements therron, situated at Ferns"'de ; to Mr H. J. Sounders: also, by valuation, the whole of the live and dead stock appertaining to same to tho same buyer; on account of Mrs Allen, twostorev residence, together w'th over an acre of land, situate Woodham road, Avr-ncjrlc, to Mr Dorman; on account of Mr Sutherland, two-storey residence ] and J-acre of land, situate Gloucester treet west. City: on account_ of Mr A. Brake, residential property situate corner Oxford terrace and Avon street, City, to a client; on account of tho owners, Nos. 202 and 204 "Wordsworth street, Sydenham, comprising two cottages with over 21 perches of land, to Mr Commons; on account of Mrs Maste-s, bungalow of 5 rooms, situate >~0. 72 road, St. Albans to Mrs S-mde-s: on account of Mr Davidson. No. 60 Park road, Papanui, comprising residence of six rooms and all outbui'dings,. together with 1 acre 1 rood 27 perches of land, to Mr* Hartley; on account of the Church Property Trustees, residence of six rooms, together with nearly J-acre of land, situate corner Weston and Papanui roads, to Mr Copper: on account of Mrs Tonks, splendid building site containing about 32 re T ches, s : tuato Leinster road, Merivale. to Mr Du Feu ; on account of the trustees in the estate of the late Mrs E. A. Stace. residence of seven rooms, together with over J-acre of land, situate No. 449 Armagh street. Linwrod. to Mr W. J. Smith; on account of Miss Mncfarlane, 4-ro~m' , d bungalow and nearly 1-acre of land in Keppel street. New Brighton, to.Mr Jackson: on account of Miss Suckling,, 5-roomed bunpalow in Lonsdale street, New Brighton, and all the to a client; on account of Mr J. "\V. McCrost'e, fine building site on the Esplanade, New Brighton, to Mr Kinsman; on. account of Mr Watson, his new 4roomed art bungalow on the Esplanade, New Brighton, to Mrs Wilson; on ac.count of Mr Maxwell, his fine tiled-r*of bungalow of 5 rooms and nearly i-acro of land, situated in Lonsdale street, New Brighton, to Mr Fosteron account of Mr Sheard,' a block of land, just under an aero, in Bridge street, New Brighton, to a client. Havinjf held successful clearing sales on account of Mrs Flohr, at tho residence, 20 Idris road, Fendalton, the whole of the beautiful furnishings in black oak. Jacobean desigri* when there was a record attendance of the pubUc. Amongst tho items sold were gramophone and records, which realised £42 10s, clock £20 10s, bedroom suite £45, ditto £21, easy chair £12, and all the other items selling at most satisfactory prices. On account of Mr H. Barnett, sale of furnishings, etc., at his residence, HsilsweM, including piano which realised £70, lawn mower £19. dray £15, dogcart £12 10s, gig £11, separator £8 ss, othor articles selling at satisfactory prices; on account of Mr Hobbs, sale of fnrnishincs, motor-car, on tho premises, Frederick Linwood; in otir rooms, sale of^"superior furnish-' in si a and piano-plaver which realisecl £°0; on account of Messrs Congreve and Sons, Ltd., oh the premises, Colombo street, shop fittings, etc. Amongst the items were glass cases which realised £37 10s, £20. £16 10s, £8 10s, £7 10s, £7. etc.. cash register £50, motorbicycle £18, desk £7 ss, piping £18, shelving, counters, and sundries selling at good prices. On account jof Mrs Gannaway, on the premises, Knowles street, St. Albans, furnishings; on account of the Misses Stace, on the premises. Armagh street, Linwood, on Friday last, furnishings. We bee to draw special attention to important sales arranged as follows: — To-morrow (Tuesday), on account _of Messrs Smith and Smith Sawmilling Co., Ltd., at the corner of Moorhouse avenue and Waltham road, the whole of the plant and machinery, electric r-able. etc., etc. On Wednesday next, July 17th. on account of Messrs Armour and Co., at their garage, Hereford streot, adjoining the Y.M.C.A., four motor-cars, now on view. On Thursday. lßth,'on the premises, No. 15 HarakelTe street, Lower Riccarton.- Axminster carpets, piano, etc.; also the superior residential property; and on Thursday, July 25th, on account of Mr Sewell, on the premises. 152 Rolleston street, Linwood. fine residential propertv and the whole of the furnishines, hand-made carpets (Indian), upright grand piano by John Broadwood. On vi*»w on Wednesday, Ju'y 2-ith. Jones, McCrostie Companv. Ltd., Land Salesmen, Property and Clearing Salea Auctioneers, Expert Valuators, comer Casheli and Manchester streets, Christchurch. - 5005

Price Prico last week, to-day. £ b. d. £ e. d. 2 per ccnt. Imp. Con. .. 56 0 0 66 0 0 5 p»r cont. War Loan .. 04 10 0 94 10 0 3 por cent. Wai- Loni .. 87 o 0 87 5 0 IS'.S.W. 4's, 1933, Jan.July .. .. 84 0 0 84 0 0 N.S.W. 3Vs, 1930-50, Mch.Sopt. .. .. 72 0 0 72 0 0 M.S.W. Si's, early currency .. •. 100 10 0 100 10 0 n.S.W. 3*8, 1926, Apl.Oot. .. .. 69 0 0 69 0 0 Yic. 4's, 1929, Jan.-Jly. 97 10 0 97 10 0 Vic. Si's, 1921-6, Jan.July .. .. 88 - 0 0 £3 0 0 Vic. SJ's, 1929-40, Jan.-Jly. 71 0 0 71 0 0 Vic. 3's, 1929-49, Jati.-Jly. 62 0 0 62 0 0 Qland. 4's, 1915-29, Jan.July .. .. 92 0 0 92 0 0 Qland. 3i's, 1921-30, Jan.i>ov. .. .. 90 0 0 91 0 0 Qland. 3'a, 1922-47, Jan.July .. .. 62 0 0 63 0 0 N.Z. 4'«, 1920, May-Nov. 87 0 0 88 0 0 2T.Z. 31's, 1940, Jan.-Jly. 73 0 0 73 0 0 K.Z. 3'a, 1945, Apl.-Oct. 63 0 0 64 0 0 S.A. 3i's. 1939, Jan--Jly. 72 0 0 72 0 0 SJV. 3's, 1916 or niter, Jan.-Jlv. .. .. 56 12 6 56 12 6 Tas. 3Vgw" 1020-40, Jan.July 72 0 0 72 0 0 Tas. 3's, 1920-40, Jan.-Jly. 643 5 0 66 5 0 W.A. sj's, 1920-35, MayNov, .. 75 0 0 76 0 0 W.A. 3's, 1915-35, MayJ7ov. .. .. 72 0 0 72 0 0