COMMERCIAL ITEMS

Dominion, Volume 7, Issue 2211, 25 July 1914, Page 8

COMMERCIAL ITEMS

INVESTMENT SHAKES. • ! The* only.' transaction recorded in the investment market yesterday was ; a sale; of Grown Brewery shares at 355. The/ quote* tions were as follow:—. \ Buyers; Kellers. ' ; . ; £ e. d. £ s. d ' Notional Bank — 5:14 3 National Mortgage ' 1.-...;... ■ 4 5 0 — -. Wellington Investment ... 0,11 3 — Ghri'stchurch;Gas (£5).... 7 S-6- ; '7, 6. 6 Feilding Gas 0 4 6 ■-'• ' — Wellington Gas (£10) ....... 16 12 6 ' — Wellington:-Gas (pref.) ...; 1 0 ,0, . \ — Gear Meat (£1) , — ... . 3 17 6 Meat Export (£5) — '".! 6 3 0 Meat Export' (£4) — 5 2 0 Union.'Steam (ord.) : 1 4 0 : 1 4 6 Union Steam, (prof.) 10 8 :1 10 Taupiri Cooa 116 12 0 Weetport Coal 110 6 ; — . Westport' Stockton, ......... 1 0 2 10 —" LeylandO'Brien :.... — 12 6 Crown, Brewery 114 ' 9 115 6 Donaphy -Rope and Twine — 14 6 Manningiand Co. '3 19 0 — Ward and Co. ;; :. 5 10 5 16 W.F.C.A. (20 s.) - ,1-59 Customs duty collected at' tlie port of Wellington yesterday amounted to £3162 9s. 7d. - : .' ■. .. . WOOL, SKINS, AND.-HIDES. Messrs. -levin.;-and Company; Limited, yesterdaygoffered 1000 sheepskins,- 3CO hides, and a quantity . of tallow. Good quality skins were firm at last'sale rates, but Inferior lots showed a' fall of a farthing. Inferior tides showed a distinct fall, and even the better lots suffered to the extent of 1-Bth. to, 3-Bth.s as compared with prices Tealieed at last sale. Ox hides were firm at late sale'rates. '.Messrs. Wfcirray; Roberts, and . Co,, Ltd., submitted a catalogue of 31C0 sheepskins and 350 hides yesterday to a good attendance of buyers. Only wool in bags was offered. Prices remained' fairly firm for sheepskins, being occasionally a farthing easier. Ox hides sold well up to lust sales' prices, while cow showed at times a weakening tendency; but in many lots tile condition, was not up to the general average. Tallow was easier, in sympathy with other markets. ; Abraham!'and''Williams, Ltd.,''report: We offered a good catalogue. Competition good and prices all round were on a par with last sale, except for tallow, which was', easier. ' Dalgcty and Co.. Ltd., reporti At our regular fortnightly oddment sale yesterday afternoon, there was a smaller attendance of buyers than,'usual, but our catalogue, which comprised a good selection of-skins, hides, etc., met with good competition. Prices were on, a, par with those Tuling at last sale,. ' , ■ The United' Farmers" Co-operative Association, Ltd.,-:aleo offered theh' usual fortof "wool, sheepskins, hides; and tallow to a good attendance of buyers. Quotations:— , r ! Shcepskins/-4ialf-brcd, 9d. to 93d.; fine crossbred, 9Jd.; mcd. costso crossbred, BJd. to 9d.; short , to •'half-wools, 7d. to Sid. •; dead _and damaged crossbred, 52d. to Bd.: inferior and badly damaged, 2d. to 6d:; lambs. 6d. to 81d.: damp, salted, and green-. 4s. 4d. to 95.; pelts. 4s. to 6s. Hides.—Ox'heavy. 601b. Un, BJd. to 9Jd.: ox, medium, 60-59 , 88d. to 9i1.; ox, light. 49 and under, 7Sd. to B>d.; cow. heavy, 551b. and over, 8d,,.t0 81d. ; cow, medium, 42 to .54, 73d. t0,.8.3-8(1.; cow, litrlit. nnder £2, 7ft. to BJd.; cut','"filipy, and inferior. sd. to Bid-: bull.' ft«B, 4Jd. to sj[d.: yearlings, 7Jd. to B',d.: calf.'-fiiDcrior. 10Jd. l-o lid.; calf, medium good,. 9d. to 103 d.; calf, damaged. s£d. to Bid. ... fallow .~lri'tasks, 245. 9d.; in tins, its', to 'Sundries,-Rabbit skins,-81d. to 91d.; opossum skins, Is., to 45.; horsehair, Is. 3d, to f.d,: cow tails, Is. 6W. to Is. 7d.

Tho New Zealand Loan and Mercantile Agency Co., IMI, rcport:-B«s wool and sheepskins sold well, but hides were a filiado eaeier, except for some well-condi-tioned lots. Tallow lias suffered a rather heavy drop. The few opossum skins offered-wcro of poor to medium quality. Messrs. W. and G. Turnbtill and Co., LM., report o> good attendance of buycra, but competition not quite so keen as usual. Prices in some caecs wero slightly easier, tallow particularly showed a marked drop. .SOUTHERN MARKETS. (By Tel«BTtt»h.—Press A.Beooia.tloi.) ClirlstohUfch, July 24. The local grain market is absolutely stagnant at the present time, there being notuine offering, and-apparently little wanted. Otttsheti! ohoff Is al6o dead of sale. The <ibseh.ee of demand from the north, and the fact that largo stocks of potatoes are held continues to depress the market. Growers have been holding for £2 10s. at country stations, but a few of them have now accepted offers of £2 per ton. Even- at thifl Hgure there is little demand. Probably if the market goes lower eome business may bo possible with Sydney, where the market has firmed. \ ■ , . . -', •' . By Teleeraph—Press , Association—Copyright London, July 23. . Bar silver Iβ quoted at 24 15-16 d. per ounce standard. ( ' . .; : VIOTOEIAN PRODUCE MARKET. Melbourne, July 24. \VKeat, 3s. Ud. to 3s. UJd. Flour, £9. Oats. Algerian, 2s. 2d.' to. 23. 4Jd. Barley, English, malting, 3s. to 3s. 6d.; Cape, 2s. 2d. to 2e. l.t\. Maize, is. W. Bran, £5 10s. Pollard. £5 15s. Potatoes, £4 ss. Onions, £6 Ss. ■ ... . COMMERCIAL BANK- OF SY.DNBT. ■ . ■'{Hoc. July 24, 9.50 p.m.) Sydnoy, July 24 At the half-yeaxly mceiin? of the Com. mercial Banldng-Company of Sydney, the report showed a net- profit of £207,112. ~A dividend of 10 per cent, was declared, and £50,000 sddod to tho reserve fund. , -;. '.. SYDNEY FERRIES, LTD. .. '. (Eec. July. 24, 9.30 p.m.) ■•".." Sydney, July 24. Tho half-yearly report of the Sydney Limited, showe a.-- net profit of £18,808 i A dividend of 8 per cent, is declared. .'"■■■'.'■ : BANK OP ENGLAND RETURN. By TeleirraDh—Press Aesoci»,tion— Copyrlch t (R«c. July 24, 9.30 p.m.). ' . London, July 24. '• The Bank of England return issued for the'.week ended Wednesday, July 22, is as under:— laaWß DEPiRTMEHT K«t« line £57.013,000 Got.(Jobt ■" =£11.015,000 ■ -.' • • ' ' ■ ether sooui-i- .- •• .i ■■' ' Has 'T. 434.000 '■.■;■. . '• . QeU •■ 58.561.000 £57,013,000 •■ , £57,013.000 !■■• . Baskks Department. . - F(«]n!l«te»' Govt. secuilcapital £14.553,000 ties £11,005,000 Fubliodt- ' Stbor securiuoalts • ... 13.735,000 tiej 33.633,000. Othordi- . . . posits ... W. 185.000 N«t«J .... -2T.69e.00a Rest, 7-<lay , . . •ndcthti , ' ■ ■ ; kills 3,ffi2,00a Coin ... ~. 1.601.000 •■-.'' £73,035,000 - . £73,935,000 - The leadlDC Items of the Bank of England return afford the following oompaifeon:— . . . . . ThieiTooU liiisSTTMklidsSyoar £ £ £ Bullion .„ ... 38.56i.000 38.458.000 37.109,000 ■ Kotorvi ... ..-.'■ 39.297,000 29,189,000 27,717.000 Note circulation ' 83,317.000 29.315,000 29.d60.000 Public Deposits 13.735.000.' 13.319.0C0 11,540,000 Otbcf Deposits dli;'l6s.ooa <2,486,000 10,051,000 Proportion of . . ' : l'ssorva te. . .' .' ■'■•: H&bilitlea - ■ '■• 52.40 ,52.28 i 53.69 v' ; GOVEENMENT SECUEITIEa. The, iollowine ttTe the lateßt quotations for Qoveninient securities with a comparison of thoao ruling'lcat week:—

. .. EUROPEAN MONET MARKET. ' ; The Bank of England rate was. on Feb. , ruary 8, 1912, reduced from, 4 to 3J per cent., and on May 9 it was further reduced to 3 per cent. On August 29 it was raised to 4 jfer cent., and on October 17 to 6 per cent. It was reduced to 44 por cent, on April 17, 1913. On October 2, 1913, it was raised to 6 per cent., on, January 2, 1914, it nae reduced to 41 por cent., on January .22 to 4 per, cent., and on January 29 to 2 per cent. ■■'"■:' ..':■' The Bank of France rate was reduced from 3i to 3 per cent, on Fobrnary 23, 1908, and continued at the latter figure until September 12. 1911, when it was raised to SJ per-cent. On May■ 17,■ 1912, it was reduced to 3 per cent., on October 17 it was raised to 3$ per cent., and on October' 30 to 4 per cent. On January 29. 1914, th« rate was roduced to 3J per cent. '■■' Tho Imperial Bank of Germany on October 24, 1912, advanced its rate of discount to 6'per; cent;, and to 6 per cent, on NoTember 14. On October 27, 1913. the rate wae leduced to i\ per cent., on January 22. 1914. it was reduced to 41 per cent., and on February sto : 4 per cent. ' MARKET RATE OF. DISCOUNT. The following are the market rates for be3t three months' bills:— * London Paris Berlin rate.-.. rate. rate, per per per . , cent.; ' cent cent. This week 2 9-16 2J 2J ■ ". La<st week 22 .. , 2J ■ 2} ' Last year ;. .4,'. . .33 .43. Short loans a.ro quoted.at 18 per cent, as against 13' per cent, laet week,.and 3 per .cent, last year. . . ; ■ . ," COLONIAL AND OTHER PRODUCE. Wheat.—The market is firm. Australian on spot, 375. 3d. to 37e. 6d. ■. Flour is steady, but quiet, and is quoted at 255. 6d. to 263. . : Oats are firm. "A" grade Gartoii6, July shipment, 215.; August, 295.; Lα Plata, afloat 16s. 6cl. Peas and beans ore quiet and unchanged. Butter is very firm. Danish, 130s. to 1325.; colonial is in' very smell suipply, and Iβ nominally unchanged. ' Cheese is firm. New Zealand, white 65b. to Us., Coloured 635. 6d. to Ms.- 6d. Sugar.—German beet, 88 per cent, net titre; Id. lower, at 9s. 3d. per'ewt.; first marks granulated f.o.b. Hamburg, unchanged at Us. 6(1. ..,'.• i Bradford Tops.-Tho market is auiet and unchanged. There is a slightly better tone for crossbreds. Sixty-four, 32d.; euper sixties, 31d.: common sixties, 30} d.: fifty-eixes, min fifties, 21d.; forty-sixes, 17a.; forties, 16a. THE METAL MARKETS. Copper on spot.-225. 6(1. lower, at £59 lte. 9d. per ton; three months, 235: 9d. lower,'at £60 7s. 6d.; electrolytic, 27e. 6d. lower, at £62 103. ■ . Tin on spot, 15s. lower, at £143 ner ton; three months. 15s. lower, at £144 10s. Pip-iron, Middlesboro' No. 3, at 51a. sfl pei ton. • Lead, soft foreign, 2s. 6d. lower, at £19 per ton. -, Spelter, unehansed, at £21 63. 3d. per ton.

• • . . , :.; Variatien ■. ._ . . compares .': Price. TTiHi . ■ ■' ' ' ■ ■ '■ latt Tf»ak. ■'■,■■ ; •■ •.-' . - :a i. a. . ■■■ . 21% Imperial CcueoIs 75 5 0 7/6 lower 4 ,.N.S.W.1933Jan.-July 101 0' 0 Unchane«ii Ji ,,N.S.W.1930-BOMr.-Sp 100 0 B UnchnnBiia 31 ,,N.S.W.-l830-6p 88 0 0 Jnchannod 8 ,,N.a.W;i035ipl.-Oot 83 0.0 Dnchnnged tl- ,,Vlo.l920Jftn.-Juiy .. 100.0.0 . Unchangod'.i .-31 ,,Vlo. 19-21-li Jan.July Oo 0 0 ' tfnchitneed H4 ;,VIc,-T820-49 , • 69 0 0 Unohmnged B ,.Vic. 10i!9-49Jan..July BO 0 0 Uuchanjid 1 8J ,,B,A. 1916Jan.J«ly ' 80 0 0 Unchanged 8 : „ S.A. l>916 Jan.July 74-0-0 Unchanged 4 ,,QTai915-!UJan,.jKly 100 0 0 81 05 0 0 Unohanged 5 ,,Q'rai9-22-*7Jan.-July 79 0 0 UnohangeJ • ,,N.2.1939Mfty-N«T. 99 2 0 Unohanged Bj ,.K.Z. lOlMOJan.-Jaly 69 0 0 Unohanged .! ..N.Z.liaoAiirU-Ock 80 0 0 Unchanced 8J U W,A.1916-36 May-N»t 02 0- 0- Unchanged 3 ,.\V.l,)91o-35Jlay-N»Y ' BT D . 0 . Unohanged 3i ■..Xμ- 1620J»n.-July , MO 0 Unchanged ; ...Tai. 19120-40 Jan.July fcO 0 0 Unchanged