COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2307, 14 November 1914, Page 10

COMMERCIAL ITEMS

"" INVESTMENT SHAKES. In the investment market, yesterday a fc'&le of Gear Meat (£4. paid) at £14 7s. £d. Was recorded.. The Quotations wero as lojlo-v:--' ■ .-' v; - • '/Buyers. Sellers. - * . £ s. d. ' ; .£ s. d;National Book 5 2 6 BaakTf'.Z.' (mew) 15 6.0 . — 1 ' N.Z. and' River Plate .... 1 19 0 -2 0 -0 Wn. Trust Loan, Ltd. ... 7 J 0 - 7 6 0 Ohrietchurch. Gas : (£5) ... — 7. 2'6 Gfsborae Gas , 118 0 — Wellington' Gas (£10) .... • — ■ IS -5-0 N.Z. Insuranco : 5 12'6 , — . Union Steam' (ord.) ...... 113 — Union Steam (pref.) 10 0, — Hikurangi Coal' 0 10 6 — Taupiri , — 017 9 Westport (cum. div.) 111 6 112 6 WestportrStockton 0 i' 6 — N.Z. Drug . - 2 2 6 Whitcombo and Tombs — 510 0 Kauri Timber (155.) — 0 18 6 WOOL, SKINS, AND HIDES SALES. Tie. fortnightly -sale of ivool, skins, hides, tallow, and sundries was .held in Wellington yesterday by the various brokers, whose Reports are appended:—' Messrs. Dalgety and Co., Ltd., Teport that tliey offered a good catalogue to a full attendance of buyers. Competition was keen throughout., and prices for all . .lines ,were firm at last sales' rates. The New Zealand Loan and Mercantile Agency Company, Ltd., report that competition.was keen at last' sales' rates for wool and hides. Good. full-woolled skins wero aisliado higher,; and we, obtained up to 9Jd. for fine crossbreds. Jle3srs. Murray, Hobcrts end Co., Ltd., report' that competition was extremely keen, firmness ,in the . wool market . at 'j Home having a stimulating effect;. piic«4,

for 'sheepskins showing <m advance of Jd. to 3d. per lb. Tendency in hides was towards a slightly lower volue. Tallow was firm.

. Messrs. Levin and Co., Ltd., report that prices wcto good and competition keen. Tallow . showed an improvement on recent prices, buyers advancing Zs. per cwt. on all classes.

Messrs. .W*. and G. Tnrnbull and t Co. .report that prices were on a . par with last eale, with the exception of good combing skins, which showed an advance of a farthing to a halfpenny.

The United Farmer®' Co-operative Association, Ltd., and the Wairara-pa Farmers'. 00-operative Association also give the average prices.. The range of prices was as follows: — i Sheepskins—Half bred, 6id. to 9}d.; fm« orossbred, 9d. to 9Jd.; medium to coarss crossbred. 7Jd. to 9Ad.; short to half-wools, 4d. to 7(1.; dead and damaged crossbrcd, 6d. to 7£d,; inferior and badly damaged, 3d. to 5d.; lambs, 4d. to 73d;. damp, ealted and, green,* 3s. Id. tO ( Bs. 9d.; pelts, Is. Bd. to ?<3. 3d. ' , ' '•' Hides:—Oi, : hea,vy, 601b. up, Bid. to 9id.; ox, medium, ' 501b. to 591b., BJd. to Had,; ox, light, 491b. aiid under, 7Jd. to 8 3-Bd.; cow, heavy, 551b. ftnd over. Bid. to Bid.; cow, medium, 421b. to 541b., Bd. to 8 3-Bd.; cow, light, under 421b., Bid. to BJd.; out, slippy and inferior, 6id. to BJd.; bull, 6tag, 4Ju. to 5Jd.; yearlings, 63d. to 9sd.; calf, superior, IOJd. to 12Sd.; calf, medium to good, 9d. to 11H.: calf, damaged, 4d. to IOJd. , - Tallow.—ln casks, 22si 6d. to'23s. 3d.; in tins, etc., 126. to 20s. Sundries: Rabbitskins, sd. to 81d.; horsehair, Is. to Is. 4d.; cow tails, Is. fid.

Messrs. Williams and Kettle, Ltd., DanneTiirko, report:—We submitted a catalogue consisting of 22 bales and 84 bagß wool, 2508 sheepskins, 138 hides, and 199 calfskins, and 60. packages tallow. Values, in sympathy with the recent "London soles,, showed an advance of id. per lb. in sheepskins, and wool and hides sold Jd. to 3d. above October rates. We cleared our catalogue at.prices.we feel sure are satisfactory to vendors. Wool:. Crossbred fleece, 83d. to. 9id.; crossbred, 6Jd. to 9d.; crutchings, 7d. to 73d. i bellies and-pieces, 1 63 d. to 7id.; locks, ,6d.'to 6d. Sheepskins: Crossbred, coarse 'to medium, BJd. to BJd.; inferior, 4d. to, 53d.;- crossbred, dead, 3d. to 7(1,; black, 53d.; crossbred, at each, Is. '6d, to 7s. 6d.; pelts, at each, Is. to Is. 4d. Hides: Or, 7d.;t0 ; 8 ,3-Bd.: cow, Bd. to■ 8 3-Bd.; cow, cut, 73d.; cow. slippy, 4d. to Sd.; cow, part dry, ; 6ja. ' Calfskins: Sound, 9Jd. to 12Jd.; cut,: BJd.; dry, ! 3d. per lb.' • Tallow: Very, little inquiry; tins, 175.; roughfat, Bs. Horsehair, Is. 3d. par lb. ■ - - "

' RULING PRICES; IN .BRISTOL, i . The general manager of. the < Bri6tol cad. Dominions' Producers' Association, Ltd. (Mr. H. Q,.HilI) Teccived a cablegram from the head' 'office, • Bristol, to-day, eponse to an inquiry, es to -what prices are expected .for tallow, wool, aoid sheep'skins...The reply cablegram reads as fol* QlO |- wis ,^-- M Qrooßbr€ds, flue, 17d.; Imiediiuiw,' 14d.; coarse,; 13d.;. steady, : good .• demand.; Tallovr, 265. to -360.; demand good; prices advancing,. Sheepskins, full-.woolled, lOd.; pelts, sd.j prices; firm."

Cufrtoms duty collected ct the port of 'Wellington yesterday amounted to £1844' 106. lid. , . LONDON WOOL MARKET. By Telegraph—Frees Association—Copyright London, November 12. Bradford Tops.—Ci'osebreds are _ firm.. Merinos are * firm on spot, hut slightly easier, for future shipments. SYDNEY WOOL SALES.

Sydney, November .13, The wool sales closed without appreciable change in prices for good classes, but faultics were practically unsaleable. COLONIAL AND OTHER. PRODUCE; . London, November 12. Whaat is quiet, and threepence i tower; there is - practically, no bidding. Australian. landed,'"sos. Flour is quiet; Australian, in, 6tore, 365. to 363.. 6d, Barley is firm; Australian Chevalier, .33b. to 355. i Oats and. peas, are 6teady and unchanged. * -Beans are .firm; New- Zealand, 50s. to 5Zs. , . Butter is firnt and in ..steady demand. OoloaiaJ: Choicest Victorian' Ealted, 124 a.; to 1265.; ur.6alted; 1265. to 128s. New South "Wales and Queensland ealted, 1355. ■ .to 1245.; unsalted, 1245. to 1265. New Zealand, 128s; to 130s. Secondard, Australian, 120s. to 1225.' ." '■• ■ . • Cheese is firm; Canadian 75e. , Sugar —foreign ■ granulated sugar is quoted"at-275.; 6d. . per'cw-t. i YIOTORUN PRODUCE MARKET. ' -Melbourne, November 13. • Oatfi, 3s. sd. to 3s. 7d. Barley, English, 5«.-6d.-to'6s.; Cape. 4b. 4d. to ss. ..Maize,. 4s. £6 10s. to. £7 10s.' ; Onions; £10 12s. . . BANK OF ENGLAND RETURN. ■ ' By Telegraph—Press A«Bociation—Ojpyrlght (Bee. November 13,' 8.10 p.m.) . London, November 12. The Bank of England return issued for the .week ended Wednesday, November 11, is as under IBBVE DEP ARTHENI - H«t« iina £87.127,000 Gev.dsbt ... £11,015.000 • •ther stcuri- . ■ ties ... „ 7,431.000 ..' - Ooli ... ... 68.678.000 £87,137,000 : , £87,127,000 . BANsiNa Department. Prepristori' Govt. Eacurlcapital £14,553.000 ties £17,004,000 Fnblio d«* Dtber cscuriEoslts ... 19,249,000 ' ties... ...105,910,000 Other deposits ...137.857.C00 Netli ... 51,603.000 Beet, 7-day • • »nd»ther . . bills... 3.437,001 C»ln... 604,000 ■ £175,126,000 £175,126,000 . The leading' items of .the Bank of England return afford the. following comparison-.— !Thi« w«k Last we«k Lilt year Balllin . ... 68.678,000 68.941.000 35.123,000 R«I»rv» 52.212,C00 52.394,000 20,649.000 Hott Issue ... 35,519.000 35.530.000 28.501.000 FubJio Deposits 19.249,000 16.451.0C0 9,620.000 Otbar .Deposits 157.887.000 140.293,000 ' 38,405,000 Proportion of v. reserve ta liabilities 33.35 33.42 ' 65.46 ■ - MONET MAKKET. The Bank of England discount rate was on January 2;--1914, reduced from 5 to 4J per cent., on January 22 it was reduced to 4 per cent., and on January 29 to 3 per cent. On July 30 the rate wo, 3 raised to 4 per cent., on July 31 it was raised to 8 per cent., and on August, 1 it was further advanced', to 10 per cent. On August 6 the rate was reduced: to 6 :.per cent., on Aneust 7 it was further reduced to 5 per cent., at which rate it now stands. The 'Bank of France rate ia 7 per cent., .'as against 7 per cent, last week, ud, ( j>er cent last.year. , . OPEN MARKET RATES. The open market discount rate for three months' bills is 2 15-16 per cent., ae compared with' 3 per cent, last week, and 4 15-16 per cent, last year. : Short loans. are quoted at 15 per cent., as against Is per- cent. la6t week, and to 41 per cent, last year.