COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1728, 19 April 1913, Page 8

COMMERCIAL ITEMS.

. .INVESTMENT SHARES. ' The sales recorded yesterday wore Union Bank at £58 145.. and Wellington Trust and Loan at £7 Is. Tho quotations were ob.under:— Buyers, Sellers. £ s. d. £ s. d. Bank New Zealand 11 8 0 11 11 0 Bank Now South Wales .1 ?f — National Bank (old) .... 5 2 0 — National Bank (new) 4 13 0 — Well. Investment ....0 10 6 — Well. Trust and Loan .... 7 0 0 — Christchurch Gas 7 7 6 7 10 0 Feilding-Gas — . 10 3 Well. Gas (£10) ' - 16 2 6 Well. Gas (pref.) .10 0 N.Z. Insurance ."' 5 0 0 — Gear Meat (£4) 12 5 0 - Gear Meat (£1) 3 2 0 - Meat Export (529. 6d.) 2 18 0 - Union Steam — 2 3 0 Kaianoi Woollen (ord.) ... — 5 2 6 Mosgicl Woollen — , 3 12 0 Westporfc Goal — 17 0 Wcstport-Stockton '■.••• — 0 4 0 Lcyland-O'Bricn .'. . — v 16 0 Taringainutu Totara ....;. — 2-4 6: Golden Bay Cement '.....'. — 1 o'3N.Z. Portland Cement .... — 0 18 6 W.F.O.A. (£5) ..■• - 7 5 0 W,F.0.A.(£1; , - - 1 9--0-CUSTOMS REVENUE. Customs ■ duties collected at the port of Wellington j-cstcrday amounted to £3657 12s, Bd. CANTERBURY GRAIN MARKET. (By Telegraph.—Press Association.! Christchurch, April 18. The local ;wheat market continues nuict, there being only a moderate quantity offering, and the bulk of it is Tuscan. There Is a ■ fair demand, and sales at current rates can be made without difficulty. Tuscan is worth 3s. 6d., Hunters (which is scarce) 3s. 7d., nn,d Pearl 3s. Bd. at country station's. The local price of flour has advanced 10?. per ton. Oats arc also being offered sparingly, and for these there is,a cood demand. A-grade Gortons pellinK at 2s. 2d., B-grade at 25.. Duns at Is. lid. to as.. Danish at liv lCd. to 25,, and Algerians (which are not much in demand), at lsl 9d. to 2s. at country stations. Sales of potatoes are being made steadily, but there is not much keenness in the'demand. The future, of the market depends largely upon whether supplies will be wanted by Australia. Sales are being made at £3 lEs. to £4, mostly at the latter figure. Red Hcbrons, for seed purposes, have been selling at £5 and £5 ss. There is no change to note in oatsheaf chair, the prico being £2 17s. 6d. to £3, according to length of railage. BANK OF ENGLAND RETURN. By Telegraph—Presß Association—Copyright (Eec. April 18, 9.40 p.m.) London, April 18. Tho Bank of England return issued for the week ended "Wednesday, April 16, is as under:— Issue DErAirrsfESt Koto lism £51,9';15,000 Gov.debt ... £11,015,000 ether securities 7.134.000 GoW 36.180.000 £34,038,000 • £31,038,000 BIXKJNG DEPARTMENT. Proprietors' Govt, sccuria capital £11,553,000 ties £13,031,000 Publio de- ether securiposits ... 15,811,000 tics 35.037,008 Other doposits ... 42.330.003 Kotaj ... 26.195.C00 Best, 7-day \ and other - billsY ... 3.354.C00 Coin... .„. 1,131,000 £76,057,00) £76,057,000 The leading items of the Bank of .England return afford the following comparison:— Ibis week Last week Last year £ £ ■ £ Bullion • 36,489.003 35,718,000 30.130,000 Reserve -i7.929.U0) 26.800,000 27,638,000 Note circulation 28.113.9)0 29.739,000 28,629.000 Public Deposits 15.8U.000 16.076,0.)e 18,079.000 Other Deposits 42.339,000 13,-138,1M0 41.fiti9.0UQ Proportiou o* reservo to liabilities... 17.53 ' 15.02 15.39 GOVERNMENT SECURITIES. The following aro the latest quotation! for Government securities, with a com. parison of those ruling last week:—

BANK KATES OF INTEREST. The Bank ot England rate wns, on February 8, 1912, reduced from 4 to 3J per cent., and on May 9 it was further reduced to 3 per cenl. On August 25 it was raised to 4 per cent., and on October 17 to 6 par cent. It woa reduced to 4J per cent, on April 17, 1913. The Hank of Franco rate" was reduced from 3J to J por cent, on January 23. 1908, o-nd continued at the latter figure until September 12. 1911. when it was raised to Jj per cent. On May 17, 1912. it was reduced to 3 per cent., on October 17 it wa« raised to S\ per com., olid on October 30 to 4 pet- f:cn.t. The Imperial Bank or tier many reduced He r;iio from i U' •!» per cent, on JtiiK' 11. 1912. on October 2i it. ■,•.-»•, raised to 3 per ceat.. aud ou Koretnb-v 14 it wn.B further raised to 6 per cent.

MARKET MATES OF DISCOUNT. b»^thre"*mo n n E tl l e"biJ? 8 < !- n,lrkct ™ tes fo ' London Paru Berlin n.','' mt *' *<**■ pc ' Per per mi.' i <x!nt ' ccnt - cent ? h " «ok 315-16 33 "j., Lart week 45 33 lit Last 3 7-16 ? jf 8 . Short loans are quoted at 31 per cent "«'SS, n .VA. p TSp? c,,t - la6t ™*M COLONIAL AND OTHER. PRODUCE Australian, on enot. in «* <m« New Zealand at tl for Australian wheat, prompt dclfveryj?? 9(1.; on passage. 38s. 3d. u "- l »«l. *«• Flour is steady, but nuict. , Oats.-fhc market is nuict. La, riata Apnl-Jtay shipment,-15s. 9d. Means and pens arc auict and unchanged But.ter.-Tho market is dull. Banish is quoted at 118s. to 1205.; salted Australian is unchanged, unsaltcd lite, to 114"- choicest is scarce. New Zcalaad, lMs i^.%r^ market is dull -. k - z.Sugar.—Gorman beet, 88 per rent nr,i litre Id. lower at 9s. 9d. per cw™ flrstmark granulated, f.o.b. Hamburg,- 2d. lower. ■TjD IIS. iid. [ Bradford Tops.-The market is quiet. f"^"™',^ 8 arc n - uotcd at M W-: super sixties, 29jd.; common sixties. 283 d.' flftvsixos. 241 d.; attics, 22Jd.; forty-sixes, 171 d.: forties, I6ii. THE METAL MARKETS. Copper.-On spot, 7a 6d. lusher, at £69 is. 6(1. per ton; three months' 18s. 9d. higher. at £69 ss. Tin-On spot, £10 17s. 6d. higher, at £229 £224 °° months ' £7 15s ' higher, at Pig-iron.—Jfiddlesboro No. 3, Is. hither, at 675. per ton: Spelter, 15s. higher, at £25 10s. per ton. LONDON MARKETS. ~r M « ?s r3' -.Dalgety and Company, Limited, neuineton, ho,ve received cabled information from their London office as follows:— Frozen meat: Mutton and lamb—The market is steady and there are small (supplies. For light-weight lamb, prices are one-sirteenth to eightpencc per lb. higher. Heavy-weights unchanged. Mutton ie unchanged. Beet: Hinds, 3d. por lb.- lower; fores unchanged.- Sheepskins: Crossbred combing duns, prices unchanged; merino prices unchanged. For crossbred clothing skins, prices are lower by Jd. per lb., but for orosebreds in general, any change in prices is in sellers' favour. Tallow: Tallow in general is 6d. per cwt. lower, and there is very little intiuiry. Wool soles: Of the total quantity available for the April series, already-published. 28,000 bales will not be offered. These include mainly orosebreds. SHEEPSKINS. The New Zealand Loan and Mercantile Agency Company, Limited, have -received the following cablegram from their London house under date April 17 :-Crossbred sneepskms generally Id. dearer. Messrs. Murray 1 , Roberts and Co., Ltd have Teceived the following cablegram from their London friends. Messrs. Sanderson, Murray and Co., under date April 17— Sheepskins, crossbred, coarse, advanced 3d. fly Telegraph—Preu3 Association-Copyright '. .. .• '~ , London, April 17. At the sheepskin eales 4620 skins were offered. There was <ui averago attendance and moderate competition. Practically all combings sold. Clothing sorts, which were largely represented, were occasionally withdrawn. Compared with the March sales, Australian combings were unchanged in price: clothing sorts wero a farthing lower. Prices for New Zealand crossbreds were occasionally in sellers' favour. ANTWERP'WOOL SALES. (Rec. April 18, 8.5 p.m.) 1 London, April 18. There was a large attendance at the Antwerp wool sales, and active competition. February prices were fully maintained; 2306 bales La Plata wool were offered and 1783 sold. / s SILVER. London, April 17. Bar silver is quoted at 27 3-Bd. per ounce standard. VICTORIAN PRODUCE MARKETS. Melbourne, April 18. Wheat. 3s. 9d. to 3s. 9sd. Flour, £8 15s. Oats, Algerian. !s. lid. to Zs. 3d. Barley, molting, English, 3s. 9d. to 45.; Cape. 2a. Ed. to 3s. Maize. 4s. Id. Bran and pollard, £5 10s. Potatoes, £5 Es. to £6 10s. Onions, £5 10s.

■ Variation _ cempaied Prica. with ' _ Iftfit weak. £ i. d. 25% Imperial Consols 76 0 0 15s higher 4' , N.S.W.1933Jan.-July 101 D 0 10s higher 34 „N.S.\V.103O-5OJIr.-Sp D7 0 0 10s higher 3* „N.&W.-1930-60 00 0 0 Unchanged 3 „N.S.\V.1925Apl.-Oct S3 0 « Unchanged i „\'ic. 192UJaD.-July 100 0 0 Unchanged 34 „ Vic. 1021-6 Jan.-July 1)1 0 (1 Unchanged ili „Vic,-T929-49 11M Unchanged 3 „Vic.l029-49Jan.-July 78 0 0 Unchanged !li „8.A. lOlC.lnn.-July II I) 0 ■ Unchanged 3 „S.A. 1MB Jan.-July 75 U 0 Unchanged i „QTdl015-2I.Tan.-JiiIy 1(X) 0 0 Unchangtd 3i „QTdl922-47Jan.-July 61) 0 0 Unchanged 3 „QTdl822.«Jaii..July IS 0(1 Unchanged i „N.Z. 1929 May-Kov. 100 0 0 Unchanged 3l „N.Z. ItlliMOJan.-July 69 I) 0 Unchanged 3 „N.S5. lSZOAnrll-Oct. 78 0 0 Unchanged 3J „\V.A. 1910-35 May-Kov 88 0 0 Unchanged 3' „\V.A,191fj-35JIay-Nor 62 U 0 Unchanged 3} „T»s. 1920Jaii.-July 89 0 0 Unchanged 3 „'las. 1920-10 Jan.-July h3 O 0 Unchanged