THE MONEY MARKET.

Dominion, Volume 2, Issue 581, 9 August 1909, Page 8

THE MONEY MARKET.

The Bank j of England discount rato ie 2J per corit., to .whi oh it was reduced on April 1. V; Tho open f riarket discount rate for best .three, monthsf bilbj is 1-lGbh higher at 1 7-16ths pet cent. Shoif. loans-are' unchanged at 1 per cent. : i The-Paris' rate is unchanged at li per cent, and the Bα rlin'rate is , unchanged at 21 per cent; •;■-.• - -.' v ■'.. ■■• ■/. .:.■'■■ ■■■-.■ ■ ; ■. -'coloiMal and other peoduce. -The. wheat markets are' dull, arid • prices easier, owing to farmers forcing sales of the new crop'.a&out to.'.bo reaped. Cargoes' , are neglecteas] 445; 6d. per,quarter is. asked for Australian off 'coast; i3s.' to 445. afloat, 435. 3d. for New Zeali!lid, steamer afloat; 40s. for- an Aus--tralian sfce hm'er parcel; December-January quiet >traide.'.l?rJpos for. spot wheat are Flour,' i;i generally easier. Australian, 325.6d.'spot:;. Glasgow, 335. Gd., August, shipment, landed.';;. .;■'"■. • s '•'■■''.': '"■'■■''. '~ ■'•;.■" Oats/urarket flat; . A La Plata cargo,-.just; shipped., .has-been sold at'l6s. '9d.... ; ;•• Buttei.v-rrTJie market '.is quiet, ;.with:pricea nominally.: unchanged,; owing to -the moist ..weather '■■■ producing plentiful supplies of Jiome- ■ growni'.•'■•;' ' ■-.■-. .",■■■ ' ': ■ .■.■■'■■■■ •.„■ ■."■.Thebe is agood'demand for cheese. .NeW to 61s. per owt.; Canadian, 56s.'to ■■■585;.; .■ ■ -■■.■■ ■•■'.:■•.•:•'.■ ■ ■•• : : - ■■■;■■ ■■. ■.-.■.■■■■ Su(}SCi-f<!arman beet; 10s. lOd. per cwt. j first mark!; granulated;" 12s. lid. , ~ ■ ' '■ .;; . .; Brti.di'ord ,Tops.—There is; an improved tone ia tKo;iuarket,,;but prices are.'unchanged." ■'■■ V; ; ';^". ; '' ■■■••.THE'; METAL MARKETS.';'■■-'' Spot, ss. 'higher iit \£sß- lis. .3d.;thie o months',;'6s; 3d. inigher;;at 10s." pet 'ton..- ■■'■ .'•: ■'-'.' '■''"'■■■'■■'■ : '.'-; ■ ■■'■'" ; ; ' '■ r - ,' " -.• :[ Ein.T I Spot,Ssr higher,, at 2sl"Cd'.-; three itcnjiths', 7s. 6d.' ; higher, at MM 12s. 6d. pet ■:t6ji.V. >:.■:.:<■■■ •.. ■!.;■s-;:■■].■■...■;: ■ > \\ -T: :j':P.ig-iron, 7d. higher,'at iSs. Bd. per ton. '-' ; ".' 1 '..I L3ad,ls;;3d. higher, tit '.£l2 -lls. 3d. per'tbn. U '.'' -'■'. THE FEOZEN I■■■.'.■: /lUfcy : TpleeraDh.-Prese.' Aasoclatlpd.-iOopyHirht.l • '■'■:■■.')': \ , (Bee., August. 8, : i5-p.nij V ■>' J. ■ '.'.'■ v • '■■' ' .': "London," August 7.-' f Thoi.Frozen Meat .Trttdo; A&sociatiori's Smithfield market.quotaiipns.'fdrihe.undermentioned' ,classes of,frozen,meat arb-based^on' actual sales of not less ;than. ■,one hundred .carcasses,'of mur-, .fton'qr'lamb,'or' twenty. T fiye .carcasses- of. beef j; ,of • fair "average ;quality. ; There .quotatioha -"aro' "iiot'.-for selected ' liuesj-.' but :for • parcels ■ fairly :jrej)resentativo ; ; of; the. : bulk : of :the. shipments ,iqw on the ■marlsct':— •'-;.•■ : - .'■>.'. ; -•,..', .-'..;, 'iw v/'-' ; '.'-' ;, ''/ ; '''. , . ,,^;': i.''- : '--' : '''--''',''' : J u ly3l. : Angißst7.'' iMutton— j : : ; . ,•■'.'■■ ■'; .:■.■;■ .■■..■ ;■.' d.- -.''■■;•&'.■: ■ ;'t -Canterbury/ 1ight,;;;■;....„'.....'. ,"2J ■■ '.".>' 2} '■ '■ fk - Canterbury, ■■ medium ■ „■....... : ; 2i} -•'., ; , 2J"'■Canterbury, heavy •.:.'..„..... '21' ' 2J .'■.■■^Southland.'- , :;...:;;::'■;;:..;•:„;;:: 4 ; .' ;'■:■ ;,--/-' ' i-;; North 11sland, best. .1.'.'..;.....' 2J : ; 2.V ' ■ ; ,./.'.Nor,th Island, ordinary ....... : 2\ , :-' : 2J .' .--.'.'Australian/':Jighf ....„„;....>, 2J ' 2 3-16 '!,: : Australian;, heavy ■'~.;.;....,." 21-16 , 21-16 ■.;■■, Sivor Plate, ; light ............ 21 ■','. 2 7-16 . :' River;, Plate, heavy-: .■..;..... _2"3-lG,' ,2\ \ ■ Lamb—;. ■. \:Xi\.-\{ ■:■ '.'"'"'. .'■ ■ .- -..-■V. ■' ;■•■ '■: ,!-, Canterbury,'light.i..'.'....„....-,'3f . ■'. ■."• 3| ;:: r '■ Canterbury,!;medium '.;.......' ;3 3-16. ' 3J ; .' .Canterbury,, heavy,....,......, 3 ■■■ {' .'ri , ■ ! -■ Southland 3 5-IC' "3|"< ; ;, North Islaiiilj-'selected ....... 3,5-16 ■.' .3|' '"'., Island, ordinary' .'...'..-3J "■' .3+ ''•'' J -v;Australian;..best ...,..;,. 3.. ■'■■■ 2jf.' ; ' ; ■Australian; 1 fair .........;.;....„■'' 2J ■ '■:': 22 ■' , '■'. Australian;-inferior '....;:„.... 21', '•-'■' s| '■:■*'■ ; Eiver' Plaifei ~.;:,.........„;. 2\''■■:.;<- '.'2J -^ Beef-- :; ,:- : ; '■;';:-' ; :,v-. : V:'',: : ;' :,-:.'v;v, .'.I ' ... ......New.Zealand, ox.fores I - 2|- .2i : ',; ■':. New ■■Zealand; ox hinds ......' 3J ; ' 3J , • : , ..-.Anslvalianji/ox fores ...:....., 2f'.' ■■': : '. 1\ '■'.< ' , : Australian; ;, -o'i hinds '..-....... -3|-"'' ; ■ '■-': ■$$' ■'■'* -.\ River Plate, ox'fores „;...■.,. A2-|■ ■ > ; j '■ -V- '■"' ' •.•:■ Eiver Plato,-.ok hinds':.'./.;,;.-' 3| ' .'. ■■ ■• '3j: : ■', 'V.; '■.-;/ EEPOET^I .'. ]M. . r --:M&ssrs;:A.--.H; : a:considerable,entry of breeding, sows at theirlast .sole; which made values, according to>profit dates....-There:was n limited entry only of-other' pigs,-which sold\at full rates. Poultry continues t6\sell;at' high .ratcsj. and 'a largo" quan-v ..tity.of. produce ;canlo'to hand, dessert .'apples selling vup ;■ to -~ lls. •■ per . case. Quotations :- Pigs.—Sows, to early profit,-. £i; others;. 75;.8d., £2 135.; 6(1,, : £,\ lis. Gd., '£1 165., £1 ll s . ! 6(l.';.small weaners, Bs.; slips, 135.: 6d. to lis ■ 3d.;;medium weight .porkers, 275.,' 1 275.-.6(1:.' to 295. , Poultry.—Eqostirs/. is. 7d., Is.-'lid' -2s : •2s. Id., to 2s; Gel.';'hens/Is. 6d;, Is. 9d.,.15. iod.'* lls lid., t0,25.; ducks,,2s, 6d.. to-35.; quotations Ijit per head. Horses.—Aged, geldings;-i£2.'(7sr' 6a.; horso, cart, and" harness,'- £16. Produce.— Potatoes, Bs., Bs. 3d.;-to 10s. Bd.; seed potatoes lte.; pig potatoes, 25.'6d.(0 35.; marrows' 2s 3d.; .pninpkius, 3s;:-to ii; .cauliflowers, ."2s.j: cabbages; Iβ. 3d.; carrots, 2s. 6d. to 3s. 6d • desert 3d., 1Os -' Us- per case : of iOlb.r bacon and hams, 6-' d, to 7-id.;.,factory bacon .and hams,' 7id. to h ßd.; pig-meal, 9s •'■ bran, 65.;: wheat, 17s. 6d., 16s. 6d.; chaff, 2s to 35..6 d.; hay,'j:3 ss. per ton; ryegrass, 2s.j onions, Id. to IJd. - .. • . '' , -.. '..