COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1699, 15 March 1913, Page 10

COMMERCIAL ITEMS.

, INVESTMENT SHAKES. There were two transactions in National Hank rights at- 215., and this wag tlie only .business done yesterday. * Buyers. Sellers. £c.d. £ s. d. National Bank (rights) ... 0 19 6' 110 Hank Now Zealand 11 5 0 — Equitable Building — 912 6 Well. Invostmeni 010.6 — Well. Deposit and Mortgage 0 4 9 — Napier Gas (£10) — 1910 0 j Napic'' Gas (£5) — 9 10 0 S.B. Insurance 3 15 0 .— Meat Export (525. 6d.) ... — 3 0 0 N.Z. Sh?Dpins ;. 16 0 0 16 5 0 ,Dnion Steam (ojd) — 2 4 9 Viiion St-ea-m (new) — 13 6 Well. Woolle.n (ord.) 3 11 0 3 12 6 Sliarla-nd'e ordinary — 110 Customs duties collected at the port of Wellington yesterday amounted, to £1893 10s. lid. GKAIN MARKET.. (Br Telegraph— I'rc6S Association.) Clirlstchurch, March 14. Tho local grain market has been very quiet during tlie week. Offerings of wheat and oats have eased off, holders of wheat no doubt regarding tho statistical position n-3 warranting thom in holding. Inquiry for wheat is not as keen as it was, but tho market keeps firm, and oats are oaly ra.leable up t-o a certain limit of price, as the market ie nliiofly a Dominion oiie at present, though shipments continue to ho made to Australia. The total quantity of oats shipped during February was 77.939 busliols, as accainst 66.986 bushels last year. There is bolter inquiry for ryegrass coed, but it is very scarce. Difficulty is being cxpericiuvKl in snwiiie tho ryegrass crop in SontWand, in consequence of tho continued wet weather. LONDON MEAT MARKET. Messrs. Dalgety and Company, Ltd., Wellington. have been advised by cable from their London office, under date of March 13. as follows:— Frozen Meat.—Best: Market ij steady, and there is improved demand owing to tli" reduced prices asked. Quotations:—New

Zealand lores, 31d.; liinds, 33d. Lamb: There is improved demand, but any change in prices is in favour of buyers. Quotations:—Canterbury, heavy, G£d.; Canterbury, light, 6 3-Bd.; North Island, heavy and light. 53d-; Australian, good average quality, s£d. Mutton: The demand is fair, and though pricos are nominally, unchanged, it is very difficult to sell at lato rates. Quotations:—North Island, heavy, 4d. per lb.; and light, 41d.; primo Australian, 3Jd. LONDON WOOL SALES. By Telegraph—Press Association—CoDyriebt London, March 13. There was a- good sale, Yorkshire and Crossbrcds maintained full late rates. Compared with February, merino combings and clothings are par to a farthing dearer; Australian crossbrcds ditto; New Zealand crossbreds, gonorally unchanged; but an occasional slight weakness. (Rec. Zilarch 14, 9.50 p.m.) London, llaroli 14. At the sales the following wore the prices realised for the fleece portions of the clips named:—Leslie Kill, t-op pricc, 14* d., average price 14J(L: Avondalc,. 13id. and 12 3-Bd.; Ngatapa, 12d. and 11 3-Sd.; Aldunie,. 13* d. and 12 ; '. d. Messrs. Levin and Co., Ltd., have received advices from London events that the following clips have been sold on their account at the eif-lcs now current, the priccs named being the average price realised for the fleece wool in each instance:—MAß AHAIJ (Wanganui). 1013-16 d,; KAWA (East Coast), 11 9-16 d.; RICHMOND BROOK (Marlborough), 123 d.; LANSDOWNE (Marlborouah), 142 d.; OW (Marlborough), 12* d.; ERINA (Marlborough). 14Jd.; PA (Ma-s-----terton), 12d.; CROSS KEYS over CROSS KEYS (Masterton), 11 9-16 d.; SL in square (Pahiatua), 10 15-16 d.; S.IA (Alfrcdton), 11 11-16 d.; DTE (Ilunterville), lOid.; WAIMAHOE (Wailtanoe), lZftd.; TE TAtTMATA (Pahiatua), lOSd.; E over KARIRI (Foxton), lid.; OR over CLAREMONT (Foxton), 117-16 d TE HOE (Alfredton). 11 9-16 d.; W. CROSS KEYS (Tenui), lid.; MOROA (Alfredton), ll?d.: WMK over SV (Alfredton), lHd.: K/OJIATJ (Oliau), lOJd.; M over FEENLANDS (Masterton), 10 ■ 15-16 d. SHEEPSKINS.

By Telegraph—Preea Association—OoDrricht London, March 13. At the sheepskins sale >4380 Australasian were offered. Practically all were "sold.. There was a fair attendance and animated competition. ' Sheepskins: Compared with the rates at the closing of the last sales, Australian merino combing and crossbred .'skins are part to 3d.higher; merino clothing. 3d. higher. For New Zealand line crossbreds m'icrs arc rather lower, and medium crossbrcds are unchanged. The Now Zealand Loan" a.nd Agency Company, Ltd.. have received the following cablegram from their London house, under date March 13:—Sheepskins: Merino and-, coarse crossbred sheepskins, ' 3d. dearer. Fine crossbred sheepskins and medium 'crossbred sheepskins are slightly lower in prifce. Messrs. Murray, Roberts and Co.. Ltd., have received the Mowing cablegram, dated March 13, from thoir London friends, Messrs. Sanderson, Murray and Company:— ".Sheepskins: Merino, market lias advanced id. to 3d. per lb.; crossbred skihs, market shows no material change." BANK OP ENGLAND BETUEN. (Eec. March 14, 9.50 p.m.) London, March 14. The Bank of England return issued lor . the week ended Wednesday, March 12, is as under :— * ISSBE Department Notelssut £54,919,003 Gov.flabt •■•£11,015.000Other securities 7,434.000 Gold 86.600,000 £54,949,033 £54,049,000 Banking Department. Proprietors' Govt. securlcapital £14,553,000 ties £13,034,003 Public da- Other socuri- ' posits ... 26,769.000 , ties... ... 44.643,00S Other doposits ... 40.531.003 N«toj ... 25.999.003 llcst, 7-day anil othor n bills... ... 3.742,003 Coin- „. 919,030 £85,595,003 £35,595,000. The leading items of the Bank of England return afford the following comparison:— This wook List w«eV Last year Bullion ' 36.413.030 36.571.003 Reserve... ... 27,013,000 27.811,U03 25.312.000 Nolo circulation 27.950.090 28.117,090 28.119.003 Public Deposits 26,769,000 24.640.000 23.771.0"0 Other Deposits 40,531,030 40,486,030 43,593.000 Proportion or reserve - to 1 - liabilities . 41.47 ' 42.70 42.00 . . GOVERNMENT SECURITIES. , The following arc the latest-.quotations for Government securities, with a comparison of those ruling last week:—

BANK KATES OP INTEREST. Tho Bank .of England rate was, on February 8, 1912, reduced from 4 to per cent., and on May. 9 it was further reduced to 3 per den I. On August 29 it was raised to 4 p6r cent., and on October 17 to 5 per l cent. The Bunk ■ of. Franco rate was reduced from 3J to 3 per ccnt. on January 23, 1908, and continued at' tho latter figure until (September. 12, 1911, when it was raised to per ccnt. On May 17, 1912, it was re* Auced to 3 per cent., on October 17 it was raised to 31 per cent., and on October 30 to 4 per ccnt. Tho Imperial Bank of Germany reduced Its rate from 5 to 45 por cent, on June 11, 1912. on October 24 it was raisod to 5 per cent., and on November 14 it was fur- ' ther raised to 6 per cent. MARKET.. RATES OF DISCOUNT. Tho following are the- market rates for best three months' bills:— London Paris . Berlin > rate. rate, rato, . per por per cent. cent. cent. . , Thi : 3 week 415-16 33 6 Last week 411-16 32 53 Last year ...'. 39-16 3j 4j Short loans arc quoted at 43 per cent., as against 43 per ccnt. last week, and 33 per cent, last year. . COLONIAL AND -OTHER, PRODUCE. ' Wheat—The ' market is quiet and unchanged. Australian, on spot, is in. fair supply, aid meets with fair inquiry at 41s. to 41s. 6d. New Zealand' is scarce. Long-berry, 395. to 40s. ■ Flour.—Stocks on hand ore small. Australian patenjs, 28s. 3d. ex store. Oats axe neglected. "A" Grade Gartons. 255. to 255. 6d.; La Plata ilarch-April shipment, 15s. 7£d. .Beans are firm. ■ Old New Zealand, 395. 6d. to 41s. Peas arc ouiet, but firm. New Zealands, 39.". to 41s. 6d. Butter is quiet bnt steady, and unchanged. There is a good demand tor choicest, but secondaries are difficult of sale. New Zealand choicest is firm. Sellers are trying to get 2s. advance, but this, at present, is unobtainable. . Cheese is firm and unchanged. Sugar.—German beet. 88 per cent, net t.itrc, Id. hither at IDs. per cwt.; first higher at 12s. '4d. Bradford Tons.— I Hie market is quiet, and unclin-nsred.— Sixty-fours. . 3Q'd.; .suner sixtips. 29Vd.; common sixties, 28' id.; fifty-sixes. i-'id.; "fifties, 22* d.:' forty-sixes, 13d.; forties, 16Jd. METAL MAiEKETS. Copper, on spot,.3ls. 3d. lower n-t £64 7s. 6d. tier ton; three months, 18s.. 9d. lower at £65 ss. . „„«« ' Till, on spot, £8 Ids. lower at .5209 per ton- three month/., £8 lower at £206. Load, soft foreign, Is. 3d. higher at £16 16s. 3d. per ton. rig-iron— }'iddlesboro 2<o. 3, ss. lid. Uglier at 6?s. 3d. per ton. Spelter, lCs. lower at £24 10s. per ton. VICTORIAN PRODUCE MARKETS. By Telegraph—Press Association—Copyright Melbourne. March 14. Wheat, 3s. Flour.. £8 15s. Bran and pol-lard.-£5 lfe'. , Barley", Enelish, 3s. 9d. to 4=. 3d.; Cape. 3s. to 3s. Id. Oats, good Algerian steady, milling 2s. s|d. to 2s. 6t1.: feed dull, 2s. 2d. to 2s. 4Jd. Maize, 3s. Cd ; Peas, 's. Potatoes, firmer, Oarmens, £6 Es. to £6 109. Onions, £?.

I Variation _ compaied Pries. with __ lact week. £ 5. d. Imperial Consols 73 7 6 47/6 lowor 4" ,.N.S.W. 1933 Jan.-July 101 0 0 Unchanged 3} 11 N.S.'\V.1930-50Mr..Sp 9l> 0 0 Unchangod 3* „N.t>\V.-lftJ0-5U 90 0 0 Unchanged 3 ,, N T .S.W. 1025 Api.-0ct 82 0 0 Unchanged 4 Vic. 1920 Jan.-July 103 0 0 Unchanged 3$ „ Vic. 1921*6 Jan.-July SB 2 (i Unchanged 3* „Vic,-l f J29 : 10 m 0 0 Unchanged 3 „ Vic. 1929-49 Jan.-July 78 U 0 Unchanged 3$ „fc.A. 1916 Jan.-July 0i 0 0 Unchanged 3 „ S.A. lsJlti Jan.-July 75- 0 0 • Unchanged 4 t .QT41915- f 24 Jan.-July 100 0 0 Unchanged ba „ 0'i'dl922-17Jan.-JuIy . 94 0 0 Unchanged 3 77- 0 0 • 20s lower 4 N.Z. 1*129 100, 0 0 Unchanged 9* 90 0 o vUnclmngcd 3' „N.Z. 11*20 April-Oct. 78 0. 0 Unchanged 3J ,,W.A.1915-35 May-Nov VO "* 0"- 0 Unchanged 3 „W.A,191o-I15May-Nov WOO Unchanged 3J „Ttts. 3W0Jan.-July 69 0 0 Unchanged 3 „Tas. 1923-40 Jan.-July B3 0 0 Unchaugod