COMMERCIAL STEMS.

Dominion, Volume 4, Issue 1216, 26 August 1911, Page 8

COMMERCIAL STEMS.

INVESTMENT SHARES. A fair number of transactions were recorded yesterday. There were sale? of Wellington Trust and Tionii at. £7 10g., I'eilding Gas at, 21s. 3d.. Wellington Woollen, ordinary, at £3 16?. 6d., cum dividend, and Taranahl Petroleum at 15?. !od. Tlie huyinff and scllinsc uuotationa wore as under:— Buyers. Sellers. £ s. d. £ s. il.

NEW COMPANIES. Among the companies recently registered are the following:— Tasman Fruit. Lands, Ltd. Registered August 17. Offices. Nelson. Capital. £16,CC0, divided into MO shares of £25 each. Subscribers: Stoke—John Bushby, 20; Chas. W. Brown, 10. Nelson—Norman A. M'Larcn, 40; .T. C. Mercer. 20; Edwin Grove, 20; H. R. Duncan. 20; Geo.' M. Simpson, 20. Objects: To purchase, sell and deal in land. Stoke Canning and Preserving Company, Ltd. Registered Julv 24. Office: Stoke Capital, £8000, divided into 1600 of £5 each. Subscribers: Philip 0. Andrew, 72; Arthur P. Allport,.4B; Arthor G. Best, <B; GeorEO Dee, 48; John Bushby. 1C0; Alfred V. Allport, 48; Ernest B. Izard, <8, all of Stoke. Objects: To purchase and preserve fruits and vegetables. BANK OF ENGLAND RETURN. Ey Teleerapb— Press Association—Copyright (Rec. August 25, 8.25 p.m.) London, August 25. Tno Bank of England return issued for tho week ended Wednesday, August 23, is as under :— Issck DrcpATvnrraT K«telssao-" £cS,2-27,C09 Gov. dobt ... iii.015.035 ' Other securities ... 7.431.010 GolJ ... 30.776,000 £58.-227,000 £K,227.t00. BiNEI.VG DSPARTireMT. Proprietors' Govt, sccuricapital £H,553,000 ties £14,967,033 Fublic do- Other securiponits ... 6,070,003 ties 25.2-23.000 Other doposits ... 43.517.C00 Noto3 . „. 25,347,C00 Host, 7-day unci other kills 3.523.C00 Coin - - U56X03 jCra.GM.bOJ £39,093,000 The leading items of tho Bank of England return afford tho following comparison :— This week lustwaok. Last yen £ 2. ■ £ Bullion ... ... 39.775.003 53.933.000 33.0ii,003 Reserve £9,.'.03.0U0 iS.fOO.UOO 30.46;,C00 Koto circulation '29.tE0.003 59.9-24.000 -25.313.000 PuhlioDoposit3 8.070.C0J 7,820.003 17,929,0 a) Other Deposits 43.347,003 43,313.003 39.901,000 Proportion of i-eservo • to liabilities ... 57,13 55.91 52.65 GOVERNMENT .SECOP.ITIES. The following are the latest quotation) [or Government eecurities. with a comparison of those ruling last week:—

BANK KATES OF DISCOUNT. Tho Bank of England rato was reduced on Juno 9 from 4 to 3 per cent.; on September 29 it was advanced to 4 per cent.,, and on October 20 to 5 nor cent. On December 1 it was lowered to 44 per cent., on January 27 to 4 per cent., and on February 16 to 35 per cent., and on March 9 to 3 por cent. Tho Bank of Franco rate was reduced from 3} to 3'per cent, on January 23, 1908. and remains at tho latter figure. The Imperial Bank of Germany on January 21. 19G9, lowered its rate from 5 to 4J per cent., and on February 10 to 4 per cent. But pn September 26 it waa raised to 5 per cent..' oh'Fobrnary 6 it was reduced to 45. per cent.! and on February 19 to 4 per cent. MARKET KATES OF DISCOUNT. The following are tho market rates for best three months' bills:— London Paris Berlin rate. rate. rate. per cent per cent, per cent. This week 2? 2J 31 hast week 2i 2 3ft Last year 3J 2} 31 Short loans are quoted at IB per cent., as against. 15 to 15 per cent, last week, and 2 to 24 per cent, la-st year. COLONIAL AND OTHER PRODUCE. Whcat.-Tho market is quiet but steady on more favourable Canadian news and lower American quotations. Chicago-Sep-tember wheat is quoted at 905 cents to 91 cents. Australian-Sellers aro firm, and are asking 355. for off coast, 355. 6d. for South Australian, July shipment, 345. 9d. for Victorian, per steamer. July shipment. There is small inquiry for Australian, on spot, at 375. to 375. 6d.; Now Zealand, 345. 6(1. to'36s. Flour is slow of sale. Australian, ex store, 245. 6d., . Oats are quiet. Old Cartons, 21s. 6d. to 235.; Sparrow-bills, 21s. 2d. to 225.; La Plata, September shipment, 16s. 4Jd. Beans—New Zealand, 335. Cd. to 345. Sd. Peas, 39=. to 41s. Butter.—Tho market is firm and brisk'. The droncht has unaffected the market. Danish, 1425. to 1445.; choicest Australian, 1225. to 1245., occasionally 1265.; secondaries are in moderate demand at 112s. to 118s. Cheese 1 is firm. New Zealand is quoted at 665.Sugar—German beet, 93 per cent, net titro Id. higher, at 14s. Ed.; first marks, granulated, f.o.b. Hamburg, Id. higher, at 17s. od. per cwt. - ■ Bradford Tons.—The market is quint. Sixty-fours, 27Jd. per lb.; super sixties, 275 d.; common sixties, 2SJd.; fifty-sixes, 223 d.: fifties, 183 d.; forty-sixes, 15Jd.; forties, 14Jd. THE METAL MARKETS. Copper.—On spot, Is. 3d. lower, at £56 3s. 9d. per ton; three months', 2s. 6d. lower, at £56 17s. 6d. Trn.-On spot, 425. 6d. lower, at £188 2s. Gd. per ton; tiirce months'. 15s. lower, at £186 10s. Lead. 2s. 6d. higher, at £14 3s. '9d. per ton. Pig-iron.—MiddlesVjro No. 3, 2s. Bd. higher at 475. 3d. por ton. Spelter.—lCs. higher, at £27 10s. per ton. LONDON MARKETS. Messrs. Da'.gcty and Company, Limited, advise having received the following cablegram from their London office, dated August 23:—Tallow Prices are Gd. to Is. per cwt. higher. Dated August 24:—Frozen mutton and lamb: Since our last telegram prices arc Jd. to Jd. per lh. lower owing to released supplies. There is fair demand, but wd expect that, if any change in prices fakes place, it will be in favour of buyers. Frozen beef: There is no demand owing to heavy supplies of chilled.

WELLINGTON MAEKETS. Messrs. Laej-y and Co., Ltd.. Wellington, report wholesale prices ruling on the market as under:—Wheat, good whole fowls', 4s. to 4s. 2d. bushel; oat 3, good feed, 3s. Id. to 3s. 3d.; oats, seed, white, 3s. 4d.; oats, seed Algerian Victorian, 3s. 7d.; ryo corn. 3s. lCd.; maize, 3s. 3d. to 3s. 5d.: fowls' barley, 3s. 3d.; Cape, 3s. 6d.; crushed malt, 7s. 6d.; partridge peas, 4s. Cd. to 4s. 9d.; pollard, £6 ss. to .C 6 10s. per ton; bran, £5 15s. to £6; flour, Atlas, £9 ss. 6d.; chaff, oaten sheaf, £5 15s. to £6 55.; rice flour, £5 15s. per ton; rice meal, £4 15e. per ton; potatoes, table, £4 ss. to £4 155.; potatoes, seed Up-to-Datos, £5 10s. to £6 10s. per ton; Beauty of Hebron, £9 10s. per ton; Early Rose, £9 lCs. per ton; Kidneys, £8 tCs. per ton; Northern Star, £0 lCs. per tan; onions, £7; boncdust, £5 155.: basic slag, £4 53/ to .£4 lCs.; superphosphates, £4 15s. to £5: oatmeal. £14 10s.; rolled oats, in 4's, 9s. dozen; cheese, mcdi'iim sized 6Jd. per lb.; loaf 6Jd. to 7d. per lb.; butter, prime bulk, Is. to Is. 2d.; fresh eggs, lMd. to lid. por dozen; honey, sC's bright 4(1. per lb.; linseod nuts, 13s. por cwt.; linseed cake, crushed, 13s. 6d. per cwt.; bacon, sides Bid. per lb.; bacon, rolls 9d. per lb.: hams, 9(1. per lb.; fowls, hens 3s. to 3s. 6(1.; young roosters. 3s. to 45.; ducks. 4s. 6d. to 6s„ all at per pair; turkeys, gobblers. Bd. to 9d. per lb. live weight; hens, 6d. to 7d-

GRAIN AND PRODUCE. (Bj Telegraph.—Press Association.) Christchiireli, August 25. There is not tjuito such a, keen inquiry for wheat as was the ca;e a few days' ago, merchants evidently having been able to fill the orders received by supplies obtained from other firms who held stocks. There arc no offerings at present from farmers, who arc still holding firmly. Oats are firmer, there being more local inquiry in eonse'iucr.co of the shortening of supplies in the south. Very few are. however, coming forward from growers, and stocks in merchants' hands arc limited. There is no change in the Dotato market, prices remaining, at 475. 6d. to 60s. at. country stations, with a moderato amount cf business doing. There is a little more inquiry for oatsheaf chaff, for which Ms. at country stations is still the ruling price. I . THK HOP MARKET. By Telegraph-Press Association-Copyright London, August 2-1. The quality of the early hops is excellent. Prices rule at .€lO to £11 per cwt. It is expected that, the crop will exceed the average. The Gorman crop is poor. There are prospects of tho Kent hop-pickers striking. COMING HOLSTEIH SALE. Messrs. Dalgoty and Co..' Ltd., wish to PtV", 1 " 0 attention of breeders and fanciers of Holstein-Fricsian cattle to the sale which they are conducting on Wednesday, August 30, or. account of Mr. A. J. Gall'iehan, of Tiakitahuna, near Palmerston North. Included m the offering ore tho following:10 registered cows in calf to registered bulls, 3 registered heifers in milk, 15 registered yearling heifers, and 4 registered calves. The bulls comprise one 7-ycar bull one 4-year bull, three ycarlinc bulls, cno 6-months bull, one bull calf. The whole of tho above are registered, and will be found in tho first volume of the Holstein-Friorian wi ••°.? k -., The fen,al ° cattle < antl tho bulls with the exception of three) will bo sold without reserve. This sale affords a rare opportunity to breeders of the mu-h----iavoured flolstcins. and those wishing "to start a herd to secure purebred registered animals at their own price. Uraker, will IC?J°l C ?J° *! • 0 -? C? of Jlcssrs - Daleoty and Company, Limited, Queen Street, at 11 o'clock ?n.e !d foT" ,g of tbe fale. and buyers who intend to be present should adviso tho auc:J,T er M„. 1D1 ™ edi:noI y so as to secure a, v„i„ i iho J?°F =nd date of sale aro 1 o clock on Wednesday, August 30.

Union Bank — 66 , 5 5 K.Z. Loan and Mercantile — 0 17 9 Well. Investment HI ! - Well. Depor.it - 0 8 3 Christchurch Gas - 9 15 0 FcUding Gas : — 12 3 Well. Gas I'ref. rights ... 0 0 3 0 0 6 Standard Insurance 1 11 9 — Christchnrch Meat - 16 2 6 Union Steam — 2 2 3 Well. Woollen (pref.) 3 0 0 3 2 6 Wostport Coal > 18 9 - Westport-Stocktou — 0 2 0 Lcyland-O'Brien 18 3 - N.Z. Drue; 2 10 6 - fiharlnnd's ordinary — 14 9 'Taranaki Petroleum 0 15 9 0 16 6 Tarinj&mutu Totara .... — 2 8 0

Variations — compared Pricsi with ■ ; last week. £ 5. d. 25% Imperial Consols 7(3 5.0 Ss.Cd. lower 4 ,.N.S.\V.1933Jan.-JnIy 101 0 0 Unchangod 3i ..N.S.W.lOlSjiar.-Serj. 28 0 0 Unchanged 3 „N.S.\V.103SApl.-Oct. . 87 10 0 -Unchanged 4 „ Vic. 1920 Jan.-July 10110 0 Unchanged 3i „ Vic. lftSHi Jan.-July IS O (I Unchanged J „ Vic. l'J2a-i9Jan.-July £4 10 0 Unchanged 3i „S,A. 1910 Jan.-July Od 10 0 Unchanged 3 ..S.A.1J1G Jan.-July Ifi 0 0 Unchangod 4. „QTdl915-2l Jan.-July 102 0 0 Unchanged !i„O'l'dl9-l-30Jan.-July !M 0 0 Unchanged 3 „QTdl92.M7Jan..July 55 0 I) Unchanged i „N.S5. 1929 May-Nov. 101 0 0 Unchangod >i „N.U. 1910 Jan.-July 07 0 0 Unchanged 3 „N.Z. lMi-Aprll-Oct. •• -K'lOI-'O •/-UnebaaBOd ■ 84,.W.A.lflaMOaiaj'-Novvfr7'-7- B- "Unchanged 3 „ W.A,1015-S5May-NoY W 10 0 Unchanged •83 „ Tas. 1040Jan.-July 97 0 0 Unchangod 3 „Tas.HB9-(0 Jan.-July 6i 10 0 Unchangod