COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 913, 5 September 1910, Page 10

COMMERCIAL ITEMS.

INVESTMENT SHAKES. On Saturday there wore sales of New Zealand Shipping at £10, and' Taupiri Coal at 20s. Values generally were without change, and were as under:—

; "•' THE MOKEY MAKKET. ■The London.-money market 'was Bligbtly ■ easier. .-,Short loans were- done at'l3-to 2J per ■cent., .but the discount rates were unchanged, except at Berlin,' where a concession; of J per' cent, was made. The Bank of England figures-show adverse 'features; the amount of gold in the Issue Department' is loss by £418,000, and the reserve.Us less'by £711,000, the/proportion of reserve to liabilities being reduced from 52.65 per cent. :.tb: 51:52 per cent. The "other deposits" .have increased by £637,000, while the Mother securities" by £927,000. 'It is well to : rcmeniboT. that-these: unfavourable, features were Vslio'wn at the close of tho month;: during the 'current, week there should be. an adjustment. , v

■..'; ■*~</-' .CUSTOMS : BEVENm '/.;.'//; V 'For the. week .'ending September 3 ..the Customs revehuo collected at the port ol Wellington, amounted to £11,395 4s. 2d., and beer duty to £2ii2 7s. The net revenue for Saturday, amounted to. £1160 4s. Id. .•/.'' FEILDING MARKET EEPOET. ' .Messrs. A. H. Atkinson, and Co., Ltd., report a' good yarding of'stores and grown pigs at: their Foilding . market last week,' a few weanors only offering, for which there was kesn.buying. . For store's and medium weight porkers the bidding was slack, and thero was little lifo ia the market,' dairymen apparently preferring to hold and feed' their, : calves rather than, turn .their milk into pork. Poultry, was poorly: represented' in tho pens, the lots ottering being chiefly hens, which sold .A'cllv-. Several, good 'horses were offered, and some serviceable, vehicles. In table potatoes the market was bare, but.' the firm had,-several good lines of -seed offering. 1 ' Quotations:— Poultry, I Vat' per pair: Hens, 35.,-35.'3d., 3s. 6d.; pullets, 65.: roosters, 35,. 3d., : 45.; cockerels, ,Is.; ducks, .45.. 3d.; geese, 45.'6d.,'55. j turkey hens,, at' each, ss. 3d.; gobbler, IDs. •'Pigs: Weaners, 10s. 6d:; slips. 7s.,'Bs. 3d., 85..6 d., 95., 10s.;, 6tores,'l2s'., 12s. 3d., 135., 13s.' 3d.; 16s. ■ 3d,, 19s.;' porkers; 225. 6d., 255.; sows 255. .Horses: Aged mare, 255.-6 d.; brown mare,'..£7 15s. Produce: Barley, 2s. 9d.; oats, Gartons, 35.; Algerian d 0.,. 3a. 6d.;0.5. 'chaff, 45., 4s. 3d.; Wheat,.-'4s. 3d,, 4s. 6d.; onions, 3d. to'ld. per, lb:;' Nelson. apples Bs., Bs. 9d., 9s. per 'case; potatoes, seed, 95.,. 10s., Us., 135.; 6d. per sack; pig do., 3s. per sack;. carrots, 2s.'6d. .'per sack; pumpkins, 35., 3s. 6d. per sack;' factory bacon, sides, 7d.; hams, BJd. .per lb/

: ; BANK OF ENGLAND KETURN. ''.'. ByTelesraph—Press Association—Oopyrieta«.. ';' .: London, September, li-, ! The Bant of England return issued for tlie week,ended "Wednesday, August 31, is as under:— '■; ~ '."'..' '. I; ; :s; Issoe Depabtmekt.j ■ Note Issue... JE87.11G.000 Gov. debt... 411,015,003 :- '. \ r ; .'• . \ - . .. Other eecuri- ; ~ "■:-■:'■■'. << ■;■'..' ties -.' ... 7,434,000 ,y : :[ '■'■ .;';'.';.' ' Gold,; :li v, 1 ...,;. : 38,667,000 -; ;?'. ''{}',: 'je57,u6,000 Je57.ji6.u00, ■••;).,' ._ : ■'%■' ;..' BiHKING DEPARTMENT... . .;';': Proprietors' ,'■ ' Govt, securi- ■■■■■■■'".;■ :'■ capital■■■'■ £14,553,000 ties... ... £15.875.000 Publicdo- ■■.',■ Other seoorl,posits,i , .1.17,167,000 ties... ... 30,353,000 Otherac-v- ~:''-". ;.■•:*. "-.''.■' '. ■;.•"'■ ~posits ...40,547,000 Notes '..,- 28,490,000 .'Best, 7-day-.' . , ' -and other ■: Ooin ... „. 1,2(55,000 VbiUs.:;%-..:-3,696,000---.■■• - -- ; '-■ ;".-;':'.; : X 75,083,000 '■'.."' -: £75,983,C00 .The .'leadinc items ol the: Bank, of Ens-' land: return afford the following comparison:—......: ■■'; . ' ; ; ;.-.' '"';.•'•'; This week. I 'Last week.. Laßtyear Bullion' .;.'. ■'...■• 38i6G7,000 ; 30.085,000 r .38,701,060 Beserve ... '. \.: 28,755,000 ■30,165.000- 28.928.000 :Note circulation. B3.ti-20.000 .26.313.000 29.718.000 Public Deposits-''•17;1B/.003 ,17,029.000 .';6,961,000 OtherDopdsitß n 40,547,000 •■, 39.904MU ■, 15,472,000. Propoi-lion-.of ;..,,,: . . l - /■ :''.' i■■■'•' '•-'- ;'roßervo-, to ,'.' ..."■-... '..:,,.'.,'.. -~'' liabilities ' .:. c ' .5i:52 53.65 . '. . 62.25 ,: : '.'■';.: GOVERNMENT SECURITIES.,-, ■':-' I' The following'are the latest'quotations, for • Government securities, with a comparison of .ruling last week:—

BANK BATES OF INTEREST. ■■ The Bank, of England discount rata was raised on October 7 last from. 21 to 3 per cent.,;on October.l 4 to. 4 per cent.,, and on October 21 to 5 per cent. On December 9.it ,was reduced to''4l per'cent.; on January 20! -to'3l per cent., and on February. 10 to 3 per cent. On March 17 it was again raised to 4■pen-cent,; on June 2' it was reduced, to 31-per;cent., arid on June 9 to 3 per cent.. The"Bank of France rate was reduced -from 31 to 3 per cent, on January 23, 1908, and remains. at-the latter -figure. . V " The Imperial Bank of Germany, on September 20 -last; .advanced! its rate from 31 to 4, per cent., and on Octoberil to 5 per' cent.; lowered same on ; January 21 to. 41 per.: cent.) and:on-February 10 to 4 .per' cent.' '■'•.-.■ i ''-, .MARKET BATES OF DISOOUN*. • : The' following are' the market rates for' best .three months' bills:—.!; -. . ;■■;; ■'." -■■■ ■- !.- '.London Paris ;': Berlin ,'". v , v '.;' ;rate. rato., ... k rate., . r-er, cent per cent/per cent, September 1. 31 • 2J.- - 3J - . Last week;. 3J ,2J -.--, "31.'.-.-. ~- Lastr. year. .... ljj ■ . ' 15 ~' .'_ 21 .-..- Short loanfl ; are quoted at-lj'pcr cent; to.2J per cent., as against-2 per cent, to 21 pei- cent.. last week, and IJ. per cent, a fortnight ago." "'■;.'' COLONIAL AND OTHER PRODUCE. Wheat—The English markets are gonerally dull and very quiot. American markets are . also quiet, and,, prices rather lower. At Chicago September, .wheat is quoted at 983 cents per bushel. French marlidts are firm, but only doing small business. ..In London Victorian-'wheat on .tlio'coast-(sailers) is ■ quoted at 39s. 1 per quarter; South Australian, 'August-Sep-tember shipment, 38s. 3d.; January-Febru-ary, SBs::9d.' Parcels, of September-October shipment,' 375. 6d. Three Australian cargoes sold at, 38s. lid., 38s. 9d., and 395. 3d. respectively; 14,000 quarters of ■ SeptemberOctobor., shipment, ,395. 41d. Flour—Market steady, but inactive. Australian, patent brands are Quoted at 275. 6d. per sack ex store in London. Littlo business is doing iu Glasgow at 27b. 9d. Jandcd. . ■' .' Oats—Market is'firmer. La Plata afloat, (3s. 6d. per ' Quarter; August-Soptembor shipment, 13s. 9d. ■ ■ Butter.-The principal demand is for all choicest. New Zealand lines. Danish makes rule' at' 115s. per cwt to 117s. per cwt. Now Zealand prices unchanged, but market steady. ■ Sugar—Owing to speculation, the 6ugar market is fluctuating. German beet, 88deg., 1 lower at 13s. 3d. per cwt.; first mark cranulated f.o.b. Hamburg, lOd. lower at 16s. 6d. Kauri Gum—At tho kauri,gum sales 370 cases were. offered and 160 sold. There was fair demand, and tho market was steady. Dark brown part scraped realised from 70s. 6d. to 87s. The amount in stock is 341 ..cases. - Tallow.—The ' s'tocl( amount to 5187 tons; imports 2769 tons, and deliveries 4403 tons. Sheepskins.—There was a fair average attendance of buyers at the Loudon sheopskin tales,.but a rather dragging comi position Jot Ijuos .offered. For orosa'

breds the prices were id. higher than tho previous, offerings ,in July. Merinos and half breds were pair to 3d. higher. Bradford Tops.—Tho top market ia conspicuous for its healthy < tone, and although prices aro firm, a fair business is doing. The current quotations are:— Forties, unchanged at MJd, per lb.; fortysixes, unchanged at 163 d.; common sixties, Jd. higher at 37d.; super sixties, Jd. higher at 28d.; , sixty-fours, id. -higher •at 295. THE METAL MARKETS. Copper, on-spot, 7s. 6d. lower at £55 10s. per ton; three months, 6s. '3d. lower at £6 6s.:3d.;.■'electrolytic, £58. The supplies for the past month totalled 39,674 tons;-deliveries, 41,407 tons; stocks, .97,506.t0n5; afloat, 7775 tons. Tin, on spot, 70s. higher at-£162 10s. per ton; three months, 17s. 6d. higher at £158 55... ■.. Stocks, 18,294 tons; on spot, 6222 tons; afloat, 6178 tons; deliveries, 2040 tons. -Lead, .unchanged at £12 11. 3d. per ton. -Spelter, 7s. .6d. lower at £22 7s. 6d. per ton. ■ THE METAL MAEKETS. 'By Tcleerau:i •At-.y-- '■:■''.■>-. ;.-. .;i . .„- - Copyright. ;, i (Ecc. September 4,.5.15 p.m.)' ■ .Silver.—Bar silver is quoted >at 24 5-16 d. peT ounce standard. ,'■ -Antimony is Quoted at £8. Tin.—The "Financial Times" E»ys that the big price of tin ha-s resulted in unexpected - supplies' -coming ' forward. It is understood that the "bulls"' arranged to release'ascertain quantity-without abandoning control. Messrs. Vivian, Younger and ,Co. state that .the "bear" account is, ■now''of quite moderate' proportions. :;;;:;:' LONDONi-MAEKETS.-•'•■• London, September 3. ' Cotton—The . Liverpool Quotation ' for American middling upland cotton, Septem-ber-October shipment,, is 7.25 d. per lb.. Eubber.—Fine, hard Para rubber 1b quoted at Bs. 3d. per lb. . - New, Zealand •- Loan" -and-; Mercantile Agency'.- Oompany,- Ltd.;, have. received the following ; cablegram from their London date September 2:—Sheepskins" : combing ' have advanced Jd., whilst crossbreds, short and shorn, havo declined 5d., and crossbred lambskins id. peT lb. • Frozen moat: The market for frozen mutton .has advanced. Lamb'continues to firm,- but' beef is slightly- weaker.,- ■ ,/ - ■' -' ■ -. ■

Buyers. Sellers. Bales ' £ s. d. £ iLi. ■£ s. d. Bank N.Z. - 10 7 6. —■ National Bank - 517 0 - . N.Z. Loan and Her* cantile - 0 10 6 " — N.U. and Kiver . l'late - 2 10 Wellington Invest. 011 0 — — Well. Deposit - - 0 8 9 - Christchurcli Gas... 9 15 0 -■ — Feilding Gas • — 12 0 — . Napier Gas (£10) 7.. — 24 5 0 — Wellington Gas (£10) 18 5 0 - - Wellington Gas (£6 ■ 15s.) 13 12 6 - ' - Wellington Gas (new issue) ....,.! 2 7 6 -2 10 D — N.Z. Insurance...... 3 .19 6 — — Standard Insurance — 15 6 — Dear Meat (£4) ... 10 5 0 - — . Gear Ateat't£l),...... 2 15 0 — ■ - Meat Export(£212& . '' \' 6d.) '.;. .'.'.....; -■■ ' 3-5 0 " "- N.Z. Shipping ...■....■ —' V — 10 0 0. Well. Woollen ...... 313 0 -.-.-• Taupiri Coal '. — 10 3 10 0 Westport Goal ...„. — 610 b -.. Wcstport-Stocktqn 0 6 9 0 7 3 — Leyland-O'Brien ...,'1'7 i'1-8 0 .- N:Z: Con. Dental... ■ — ■ 12 6 — Suarland's ord. .... ■ — -.1 2 6 — Taranaki Petroleum - — . 0 9 6 — TaiingamutuTotarail 12 6 — — ■

.-■',''■■: ■'■■.;■'•'■.'•'. Variations. ..■''■. ■'_"■■'•' ■ ' compated '. : r ■ .. '■' ■•.•'".' . • Price. with -'.'- ' ■ ''•■ ' ■ ■ - ■ ■'": - last week. ''. ''■■'" ; ' ! .''•'". £' «• i.. ' • ' 21% Imperial CodboIb 81 0 0 Unchanged i „N.S.'W.1933Jan.;July 105 0.0 Unchanged 3i ,,N:B.W.1918jiar.-Sep. OS, 0 0 Unchanged 3.„N,B.W.lll35Apl,-Oot.: 63 0 0 Unchanged 4„ Vic. 1920 Jan.-July: 102 0 0 Unchanged 3i „'Vic.,1921-6Jan.-July 93'5 0 ' 5s. higher 3 „ Vic. 10-2949Jan;'-July 85 10 0 Unchanged 3i„S.A.191GJan.-July , ■ 97'. B 0 Unchanged 3 „S.A. 1J16Janr-July U li 6 Unchanged 4 „QTdl915-21Jan.-July 103 8' 6 2s.6d.hi«her 3i„UTdl9'24-30Jan..July 98 5 0 .,5a.higher 5 : „tl'l'dls>JW7Jan.July 35 15 0 6s.higher i ',-,N.2!.'1929iray-Nov. 105 0 0 5s.high r 3j,„N.Z.19iOJ«m.-July 96 5 ,0 5s: hi her .3, „N.Z.19i!.April-Oct. 68 0 0 Unchanged . 34 „ \Y.A.19>!CH0May.Nov -9710-0' Unchanged 3„ W.A,1915-i5May.Nov 83 0 0 Unchanged l(MOJah'.-July'. '.99 0,,0 Uncnahged 3 „TtB.19'iO-iOJ8.n.-Jdly 86 0.0 Unchanged