COMMERCIAL ITEMS.

Dominion, Volume 7, Issue 2007, 14 March 1914, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES. The transactions in invcetment shares yesterday were: Christchurch Gas at £7 Is., and New Zealand Insurance at £5 15s. and £5 156. 6d. The quotations were as follow: • Buyers. Sellers.

■WELLINGTON WOOL SALES. A quantity of wool liavinE corao 1o hand Fince the last ealc, tho Wellington brokers hsi'vb decided, to hold a supplementary' sain on Friday tieit,, in tticlConccrl.'ClMiniW of the Tonn Hall, when about 1000 bal»« will

bo .euhmitted to auction.. Following Upon the offering of wool tJicro will fro the usual fortnightly sale of sliiits, Mdes, and tailow. OERISTCntJROff WOOL SAtKS. (By Telegraph.-Srass Assouifttiea.) . dhi-tetcftursh, March 11. Tlio fourth and final wool sale of tto season's series was hold tljis aftexnbou, when 2032 bales were catalogued. TJioro woe a ■ fair attendance of .buyers, t he wool mostly comprised odd lots lield over from the previous sate, and there wer-e also a few late-shorn clips. There was poikl conipetition for halfbred and crossbred woolfl, and prices were eoui-ctthat flrmef than at'tho previous sale. This itaprovemont in prices was Isost shown in tlie sale of- passed-iri lots at the February eti.lc. Some lots of halfbrede brought ■ lid. wore, and smaller advances were made in other lots of halfbreds and c-Mwhwde. ■ The woollen mills were, not operating to any extent in merino,. and, mcis-t of the best lots wcro passed in, while ■ inferior 4n<] earthy lots were estajjt'ied for by local wool-scourers. Lambs"' wool, of tthieli. tirorc was a-' fair quantity, said very irregularis, and a number of lota failed to Teach wo reserves. The range of priced ttas-as foUowe:—Sttper merino, lid. to 1114.: uiedUuft :md iElertcsr, Bd. to 10} d.; super ha'Ub-red. IM. to 123f1.; medium half bred, l!!5sl> to IXbA.i inferior halfbred, • 9}d. to 1C3..; s-Uppr Cojriedate, 12d. to 12jd.; 1 medium jtnd inferior Csrrtedale, IGJd, to 113 d.; 6U]).er threcquqrte-r-lired, lid.'to UJd.; medium 4ii4 inferiordo,. 9d. to 103 d.- medium asid inferior crossbred, 73d. to 10d.;lone«ooi. -63d. to 9Jd,; ©owe wool, i£Jd. to 103 d.; Saniira' Wfjoly. B}d- .to lid , .; merino pieces, 6d. to ?Sfl.; haltbred pieces, 6d. to lid., and tip to J2d, for Cpn'iedalc; crossbred pieces, ~AA. to 7id.; laekfe and crutching=, 33d, to Sid. . SOUTHERN MARKETS. Chrlstchurch, Starch $3. Tho wheat market has teen fairly quiet during the week, a.nd le* purchases ha-fo been mads direct hrom-.itiovtTi.' Tiisc&n is easier thau it was last week, but Huiilers and pearl have ina-inta-ined their values better. • Vp to fe. Bd. has te« Bh'cn for peitrl at ha"ndy stations, hut the best prico now offered iW Tuscan _ie Ss. ssi,, v-iiile last week at least A halfpenny more could have been obtained. -Ohswors are still holding firmly on to oats, aftd, as bus , - ere cannot make and advance in the absence of a, market, business in this cereal is practically at. a, standstill. Th*re is likewise little doing in barley or oateheaf chaff. ' Tho potato market shows no clsaiwje, and £2 ICs. for forward delivery is .all th.&t most buyers will , efier. At this price lew sales ore beinp made, but growers generally will not sell at present, its tho crops that havo been dug hare not turned out too well. Onions are easier. £3 Ife. to £4 now being paid efc couatry stations. LONDON TWIi SALES. By Telejraph—Preas Association—Copyi i<*M /-\ LoMon r 51<l«b, 12. At the wool'sales there was stone, demand for merinos. The market .for fine crossbreds was very firm, but 'medium croesbredg were soinewiat irregular. ■■■ (800. Match 13, US pja.)- ■■ ' Uqridpn, Msi,rei'i3. At the sales the foHOwims prices -wcto realised for tho cli'pa- named :-'Te Apiti," top price, 13id.; avstige . ISJd.; "JEa-kb , ." top, 121 d.;. average Hid,; "TofcomafV top: 13Jd.;'avorags lZlil ■ -.'.,- Messrs. Murray,. Averts oAd Co., JJtd., havo this day received tho following, oajislc--gram, dated March l?, , ffam tlfeir'London ,< friends. Messrs. Sanderson and Cq.:—"Ctosabred grejsy medium:. Market has declined 5 per cent." . . Mefflrs. ifurray, Itobe.rto and 00,, Ltd., have received the fellowing eablwsriira, dated March 12, frqjn iheif Londort friends, Mesm-e. Sanderson. Murray arid Go-:— "CroEsbred greasy medium. Market .has declined 5 per cent." ': • • . . NEW ZEALANE' BUTTEK. By TeleJraDh—Preas AssociatSon—Copyriirht • VantouVer, March 12. New Zealand butter is. quoted at forty cents per lb.. • SWISS TARIFF ON FBOZEN MEAT, • -. ■ (.ojitfolii Jlttfeh 11. Switzerland has decided-1<! revert to tho 25 frano tariff oo ftozfiji njqat in Aprxl next. , ' ' 6ILTER. . ; ' v / liOiidbri, Motcli M. Bar silver is quoted, at If, U-16d. per ounce standard. BANK OF ENOLAKD RBTUENS. By Telegraph.—Pross> ASB'gciatioji-Copyrigih* ... (Rec. March 13; 8.15 p.ui.)' i:-7": :;:.'.:,-.! Mardi .13. The Bank of Englawl -return issuedfor the wock Wednesday, March 4, is as under: — •'■■'• Issue DeJaetmsnt Ko'tolMU* «8,620.000. Sov,aeßJ .— £11,.Q15.030 ©tker secure - . , , • ■ tiss .„■ ... IMi.Wa " doU i 40.37i.000 £58.620,C!0a f6S.-620ie) B4MKINS DEPASTMEMr. Proprldtovs' ■ Qovt. seootlcapital £UMd,m lies £11,153,003 Tublio de- Otbqt seenrinosita ...2J.043.C0Q. ties.., ... 40,116,000 Other d«- • posits ... 39.922K» K»t93 ... 30,382(005 Best. 7-day end ether ' bills... •-..; 3,706,0C0 Coin „..„ .1,03.050 - . £83.121,030 ,". ■' ,£B3.m,G()a The lAdlne Items of the Bank of England return afford tho follosins compari•on :— Thlsw#ek jjiisb-ifoelc tastyaar Enllian ... ... 40',17ft000 iiM.W 36,500.060 Reserve ... ... 3U853.000- 51,;38.00a 'flfflDAWNote circulation 28-.238.000' aa.iOMSDO a?i!)50,00a Public Deposits 2i'Mt<m 2i.t*J.,«Co 28,789.p0Q Othor Danosita ifcßt7.oCU . iO,-531,000 Froporlion of resorvo t» liabilities . M.OO 50,12- ■ ii.it GOVEKNMEKT SECOEIWES, The following are- the latest q<uotatioji? for Government Sdcuri-ties, with & comparison of thoso rulin-2 last week:— . 1:

BANK KATES OF INTEREST,. The Dank o! England" rale wila, on February 8, 1912, reduced (torn 4 to JJ pep cent., and on May 9 it was further reduced to 3 per cent. On Auguet 2? it was raised tc <1 per cent., and on October 17 to- S par cent. It woe reduced to 41 dm cent-, afl • April 17. 1913. On October 2, '1313, it was raleod ta 5 per cent., on , . Januftry 8, }i)U it was reduced' to 44 per ceut. on January 22 to 4 per cent., and on January 29 to i w.r cent. The Bank of Fronso jfstte lyos reduced ' from 3J to 3 per cent. <m January H, yoßi and continued at- the latter figure until September 12, 1911 . when it was raised to 31 per cent. On Sfcy 17, 191?, it was reduced to 3 per cent,, on October 17 it Was raised , to 31 per cejiti. and on October JQ to 4 per cent. Ott Zβ, 19R tha rate was reduced to 3i per WSfc The Imperial Bant of Gcfiaany on Oe'te- ' bev 24. 1912, advances its rate of (J : i«oiinii to 5 per cent., and to 6 per ceiit. on JTovember 11 On October 27. 1913. the fate was reduced to 5J por cent., on. January 23 1914. it was reduced to % per sent, and on February 5 to 4 pef sent. MARKET RATES OP BISCOTIOT, Tho followinfr arc tho nj(»rlset rot« 9 lor test three months' bills:—

Short loans ore auotcd at 2.i pei? «cnt. as compared with th p«r cent, Jast week,' and 43 per cent. -last rent. COLONIAL AND OTHER. MODtJOE. ' Wheat.—The inarknt. is dull and tendine in buyers' favour, a«d there is no toddine. Tho limtod States vintei- eroj> promises to be a largo one. Australian, e.n spot. Mtninally 396.: ftcw Zealand,- nana pfforing Flour is steady. Flier? is (read" business doing in Australian ps.tente shipmimta till Ann! at 25c. 6d.; on Epot Is quiet at 263. 6d. , Oats—The market fe dull, fteiv Zealand, on 6pot, practically exhausted. Beans aro neglected, flood Sew Zealand 355. 6d., ex store. Peas aro quiet. Kcw cron. Sew Zealand maples, March-April shijHtiwiL Ws. c i f Butter.-Tho mai'feot is, liEcle.:?, and huy. OT3 am apathetic- .tiftinsh, I?Js; t* l!«e.; Auelraliaii choicqat waited, lies, to U2r • unsalted, 112 a. to Ufe.i secondaries are ilc' (Tloctccl owiiiß to SiliOriaii eotntmtitioa ■tnil urn nuoloil el 104». t<3 }($». Snvi, , ' Xwilit.nd eaJtod, M». to UJj.; awu-tsd, itW, U? Übs,'

Cbecsc.-Tfee market k flat. White, 6&. U 635.; coloured, 6te. to 653. Su-jar.-tie.rman beet, 88 pel' cent, tat .titre, J>tl. lower at 9s. Itl. per e-wt.; firet marks gratiulstetf, f.o.b, Handjufg, id. at Its. Id. Bradford IBops.-~ is. Blflw; merinos 'are flrro, Iwrt medium and coarse 'croeebrbdE' are eliglitly easifif,, Sirty-foafa. 3Ed.; S«p«r siKtice, Wii.; common MxtiM, 28j,f1.; ffftyBiies, 24JcL; fifties, 21d-; forty-sixes. Jil. lower ai 17Jd.; forties, Jd. lower at lejd. 'THE UWtAh MARKETS. Oopper , β-n 6po-t, 20s. lower fit £63 7s. 6d. p?r ten; three nioatlis, 2Cfc. low«r at 563 17s. 6d.; electrolytic, 12s. M. lower ttt £63 17b, 6(1, Tin, on (spot, «&?. id. lower at £172 10s. w:v toB; three montiis, ilGs. lower at £174 7j 6d. Plg4ron.—Jtiddk-abtero' Ko. 3, uutha.n.ged at SJs. 6d. per ton. ■ . ■Spelter, uiwlaauged at.£2l 10s. net toßi

■ . £ B. li. £ s. d. Bank N.Z. (rights) 4 17 6 4 19 .0 National Bank — 5 7 0 Equitable Building 8 17 6 - Wellington Investment ... ■ — 0 11 J Well. (Jn,3 (£10) ; ':... 16 2 6 - N.Z. Insurance 5 15 0 — Union Steam (pref.) 10 2 —' Kaiapoi Woollen lord.) ... 5 3 0 — Well. Woollen (ord.) 4 0 0 - Well. Woollen (pref.) 3 0 0 - Westport-Stockton — 0 4 0 Lcyland-O'Brien 13 9 — Tarineamutu Totara 2 5 0 — C. 31. Banks, Ltd 123 — N.Z. Drue 2 5 0 - Ward and Co : 5 0 0 — W.F.G.A. (£1) -. 16 0

' . ■ Vari&tiqii _ ' : uwf-ti Pries,' ' wll* a . fast Treoft. i. t. d. ■ 5j% Imperial Consols » 0 0 Ujnihaiigfid . i ,.N.S.\V.1033Jan.-,Wy 103 0 0 'UnckflgecJ' : . 1J ..N.S.W.193O-5OMK.-SJ) W>JO 9 Unqhsngei Si ,,N.S.W.-lK)0-&0 ' 88, Q 0 Sfflsiawbi: 3 ,.M.BAV.19i!5Apl.<O6t| 66 I) p l/nohant'sd • i „Vic. 1020 Jan.-0uly Iffii O oj UiiohipBeiJ: 3i ,,Vlc. IWI-β Jan.-Jaly , l>0 0 p | UjioiaTiced : 3i ,.Vic.-Iffi(MD ■ : -CD' 0 p j UnutaBPlJ 3 ,,Vlcl820-49Jan.-J»ly ' SI 0 0 Undlmnted 3i ,,S,A. 1010 Jan.-Juljf ■ 8j fl 0} TJnetaeBBii B ,.S.A. lS16Jan.-July ] 75 0 0 \ Vaebitnged i ,,QT(11915-2JJan.-,JuM lOl « 01 Vncha'B&il 35 .,C! , l'dl9-i2-47Jan.-July % « 0 Unejiint'ecl a ,,Q'r(U922-47Jau..July Bl 0 0) UoioiianCrt i ,,N;Z.M29May-N6s. IC» 9 0 ].• UnchaaM : 3J ,,N.Z. ]!ll2-dOJan.-,liHy &2'D Uj tJnohaisBOd 3 ,,N.Z. lteOAptil-Oct. I 62 0 it ■: linohanifeij ' 3i ,.W.A.ll)15-35MajvK*if! fcs O 0 iTnchanSea 8 ,,W.A.10ia-35May-if»vl. B3 0 O 2Q3 hfclim3i ,,Tas. iteOJan.-Juiy { at'0:9 UnoiraSMd 3 ,,Tas.lM-10Jan.-JuIyj t>7 O 0 UacMnsod

London Paris . Berlin late. ■ rate, ' rate. per pof per test- Cent, conti This week ......... .»546 12* 3* Last week 2T-16 Zj 3g..g Last year 41S-16 3? 6