COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1734, 26 April 1913, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES. Two salc3 of Hank of New Zeal ami shares at £11 7a. fid. wore reported yestehlay, and this wjts all the business recorded. Tlio quotations were as under —

EXPORTS OF PRODUCE. The values of the principal products exported (luring the first half of the current month, compared with the figured for the corresponding period of last year, show

MORTGAGE BUILDING CO. The directors of the 'Wellington Deposit, Mortgage, and Building Association. Ltd., in their twelfth annual report and balance sheet for the year ended March 31, 1913, show that the net profit on the year's business is £1241 13s. 4d., which, added to £200 15a 3d. brought forward from last year, makes a total of £1442 Bs. 7d. The directors recommend that this sum he applied os follows:—The payment of a dividend for the year at tho rate of 4J per cent, per annum, which will absorb £1125, the balance to be carried to next year's account. A sum of £189 ss. Id. has been written off interest in arrcar to meet contingencies. Messrs. Palliser and Smith, directors, retire, and being eligible, offer themselves fot re-election. The retiring auditors, Messrs. R. T. Badham and J. H. G. Rowley, offer themselves for reelection. Customs duties collected at the port of Wellington yesterday amounted to £2176 13s. ' CANTERBURY GRAIN MARKET. - (By Telegraph.—Press Association.) Chrlstchurch, April 25. The local grain market has , been very quiet. During the last few days'a certain quantity of oats and wheat has been ■ offering, but growers aro asking more than buyers are prepared to give. There has been no change of late in tlio prices for wheat, but 'there is a firmer tone in tho oats market, and a Blight advance in A Grado Cartons has caused holders to bo more firm in their ideas of value. No change is recorded in chaff, and £4 per ton is the ruling price for potatoes.. while onions are rather firmer and are selling at £4 to £4 ss.

LONDON MARKETS. Messrs. Dalgcty and Company. Ltd., Wnl' lington, have received cabled advice from their London office, under date April 24, 03 follows:—Frozen Meat: There is more demand for mutton and lamb, and any change in prices ia in favour of sellers, with the exception of heavy-weights, for which there is a very Poor demand. Beef: There is very littlo doing, and priccs are nominally unchanged. It is likely a considerable dcclino may bo cxpcctod in chilled. Tallow: Since our last cablegram, tallow in general is Is. 6d. per owt. lower. LONDON WOOL BALES. By Telegraph—Pre«» Association—Copyright London, April 24. There was spirited competition at tho wool sales, and prices were firm. (Rcc. April 25, 9.25 p.m.) London, April 25. The following prices were realised for the fleece uortions of clips named:—"Waitau," top prlcc llid., average llid.j "Toviotdale," top price 13id., average 12jd."Omarama," top price 12id„ average lid.; "Kelakcs," top prico 13d., average Hid. Messrs Dalgety and Company, Ltd., Wellington, have received the following cabled information from their London office, dated April 25:—"Wool sales continue' firm, and lately roported rates are fully maintained."

BANK OF ENGLAND RETURN. By Telegraph—Press Association—Copyright (Rec. April 25, 9.25 p.m.) London, April 25. Tho Bank of England return issued for tho week ended Wednesday, April 23, is as under Issue De?jjitmext 1'

GOVERNMENT SECURITIES. ' The following are the latest quotations for Government securities, (with 0, comparison of those ruling laet week:—

BANK BATES OP INTEREST. The Bajik of England rate was, on February 8, 1912, reduced from 4 to 3,1 per cent., and on May 9 it was further to 3 per cent. On August 29 it was raised to 4 per cent., and on October 17 to 5 par cent. It was reduced to 44 per cent, on April 17. 1913. The Bank of France rate was reduced from 34 to 3 per cent, on January 23. 7.908, and continued at tho latter ggure ymtil 6eptember 12, 1911. when it was raised to li per ccpt. On Jtay 17, 1912, It was reduced to 3 per cent., on Octobor 17 it, was raised to 3J per cent., and on Octo'bcr 30 to 4 per cent. The Imperial Bank of Germany i.-educed its rato from 5 to 44 per cent, on June 11. 1912. on October 24 it was raided to 5 per cent., and on November 14 it iras further raised to 6 per cont. MAKKET HATES OF DISCOUNT. The folhtving are t.ho market rates for best tlircn monthe' bills:— London Part's Berlin rato. rate,, rate, per per per ccnt. ccift. cent. This week 33 3} 33-8 Last week 315-16 33 4 3-8 Last year 3 5-16 25 3J Short loans are quoted at, 23d. per cent-., as against 35 per cent, la/it. week, and 23 per cent, last, year. COLONIAL AND OTHER PRODUCE. ' Wheat-.—The market i?, firm, and Fellers are holding for an advance, but the demand is quieter; 38s. 1/Jid. to 38s. is being asked for Australian January shipment. Australian, on spot, is, offering more freely at 40s. 6d. to 415., and New Zealand longberry at 40s. Tliroo Australian caTgoes sold at 38s. to 38s. 9d. Official quotations— For prompt delivery. 38s. 3d.; on passage, 38s. 7}d. Flour is firm. On passage parcds arc quoted ot 275. to 975. 6d. Oats n.ro firm, :>li/l there is a cooil demand fnr medium nullity. Ncv,- Zealand, 20s. 6d. to 22?. Beanß n.ro firm, isew Zealand, f.p.q,, 41b. Peas aw P m h Ono d duality pea* are

scarce. New Zealand, 375. to 40s. 6d., cx st ßutter.-Thc market is dull. Danjslijs quoted at U9s. to 1215.; ciccUcnl Sibcrmu butter is. arriving, ancl . scl J ll, K,,f Vf >?v 104s. to 106s. Choicest- Australian is \cri ecarce, and if? quoted at 1083. to 110s., uiisalted, 1125.; tliere is no demand foi fcctondaries and inferiors. New Zealand choicest, 112s. to 114s. _ T „ Cheese.—The market is dull. New Zealand is quoted at 48s. <sßs. r). i Sugar.—German beet, 88 pec cent, net litre. Id. higher at 9s. lOd. per cwt; first marks granulated, f.o.b. Hamburg, Id. j Tops.—The market exhibits an improved tone, and is Arm. The business doing is small, and prices are unchanged. THE JIKTAL MARKETS. Copper, on spot, -455. lower. afc , £66 17s. 6d. per ton: three months. 625. 6(1. lower at £66 2s. 6d.; electrolytic, £721 2s. 6d. Tin, on spot, £4 lower at £225 per toM threo months. 755. lower at £220 ss. Lead, soft foreign, £18 per ton... ' Pig-iron.—Middlesboro >io. 3, Is. higlica at at £25 10s. per ton. Wolfram, 345. fo'r 50 per cent, ore. SILVER. Uy Tclacrs ph—Press Asiociatlon— Copyritrht London, April 24. Bar silver is quoted at 27|d. per ounce standard. ■ VICTORIA TRODUOE MARKET. Melbourne, viApril M. Wheat, 3s. 9Jd. to 3s. 9Jd.; flour, £8 155.; bran and pollard, £5 10s.; barley, Lnplish malting, 3s. 9d. to 49.; Cape, 2s. Bd. to 35.; oats, Algerian milling 2s. 3d., feed Is. Ud. to 25.; maize, 4s. 4d.; PoJ atoe9 - 15s. to £5 155.; onionß, £5 to £5 10s.

Buyera. Sellers. £ 8. d. £ 6. d. Union Bank 68 16 0 — Equitable -Building ..... ... — 5 10 0 jS\Z, Loan and Mercantile 0 10 0 0 10 6 N.Z; and lUvcr Plate 1 19 0 — Palraerston North Gas ... 8 10 Moat Export (52e. 6d.) 2 18 ft — Union Steam 2 3 0 — West-port Coal 1 7 0 17 6 Manning and Co 4 2 0 — Sharland's ordinary 11 0 , "7 - Ward and Co 4 17 6 5 1 0

as under-.- mj ■ ]j u ttcr 77,954 47,142 Chee=c 109.552 1J5.617 Beef 18,454 27.909 MuttonCarcasses 1 M '$59 Lees and pieccs ... U69i 5,926 Lamb 284,413 156,853 Wheat 3? 8 Oats 54a 11,832 Potatoes „„ r TTcmn » •• 28.357 6.625 Tow 741 Kauri gum 26,879 9,069 Grain and pulse 5,675 5,719 Hops — Hides •••. rt Z*9?9 . Skins 28,54$ > 37,762 Tallow " 36,252 39,074 Timber 12,293 13,298 w 00 i . 424,114 463,136 ' Gold 55,915 88,846 1,235,707 1,166,094

Kotolisu* £55.231,000 Gov.debt •••£11,015,000 Other s«curities 7,431.(100 Gold 86,762,000 £55,231:000 £55,231,000 BANKING DEPARTMENT. Proprietors' Govt, securi- • capital £14,653,000 tins £12,680,000 Publio da- Other seourlposits * . •■ 15,663,000 lie,*.,, 33,559,000 Other da- , ; pesits . ... 41.170.000 N«t«3 ...26,796,003 Rent, 7-day and ether biUa... g.262,000 Cola..., ... 1,422.000 £74,657,000 The leading items of the Bank ol Ensland return afford the following comparison:— This week last m«k List yoar £ £ £ Bullion 36,782.003 36,489.000 38.106,000 Koserve 28.218,000 27,929,000 29,299,000 Note circulation 28,435.0)0 28.443.000 28.610.000 Public Deposits 15.663.OCO 16.811,030 18.S96.0C0 Other Deposits 11,179,000 42,339,000 41,833.000 Proportion of « rcservu to liabilities... 49.43 47.93 48.43

Variation _ cempaied i Prloi, with ______ _ last week. •' : £ t. d. i' 25% Imperial Console 74 17 i\ 2s 6d lower 1 4 , N.S.W.1933Jan.-July 101 0 0 Unchanged ■d\ „N.S.WJ930.l>0Mr.-Sp 97 0 0 Unchanged 34 „N.S.W.-J930-50 SO 0 0 Unchanged 3 ,,N.S.\V.1925 Apl.-Oct 52 0 0 Unchanged .4 „Vlc. 1920Jan.-July 101 0 0 20s higher l 3i „ Vic. 1021-6 Jan.-July 94 0 0 Unchanged 3$ „ Vic,-1029-49 01 0 0 Unchanged 3 „ Vic. 1929-49Jan.-July 78 0 0 Unchanged 8i „B,A. 191G Jan.-July , 91 0 0 .Unchanged 3 „B.A. 1916Jan.-July 75 0 0 'Unchanged 4 fl QTdl915i'24 Jan.-July 100 0 0 Unchanged 3i „QTdl9i2-47Jan.-July 89 0 0 Unchanged 8 „Q'l'dl0 , 2J«47Jan.-July 73 0 0 Unchanged 4 „N.Z. 19i9 May-Nov. 100 0 0 Unchanged 3i „N.Z. im2-40Jan.-July 89 0' 0 Unchanged 3 „N.Z. 19-20 April-Oct. 78 0 0 Unchanged „W.A. 1915-35 May-Nov 88 0 0 Unchanged 3 „\V.A,1015-35 May-Xov 82 0 0 Unchanged 3i ,,1'as. 1920Jan.-July 89 0 0 Unchanged 3 „Taa. 19-20-40 Jan.-July 63 0 0 Unchanged