COMMERCIAL.

Dominion, Volume 8, Issue 2325, 5 December 1914, Page 10

COMMERCIAL.

INVESTMENT BHASES. There -were no transactions recorded in investment shores yesterday. Tlio quotations wene as follow:— ; • .--.;. Buyers/ Sellers. ' £ s. d. £6.d. National Bank 5 3 6 5 5 0 Bank N.Z.'(old) .........;. -■ .10 3 6 N.Z. and Eivor Plate ..... 119 0 ' — Ohcli. Gas (£5) ..:... 7 2 6 - Palmerston North Gas ... — 1210 0 Well. Gae (£10) 16 0 0 Well. Gas (pref.) 10 0 — Moat Export (£2 12s. 6d.) — 215 0 Union: Steam (ord.) 119' 1 2 3 Well. Woollen (pref.) ...... - 35 0 westport ■ -r 110 6 .■\VestpOTtrSt6ckton .0 4 0 — Manning and Co 318 0 —

EETAILEKS SHY AT PRICE. ' ■. Tlie buyers at tho Allen Street fruit markets yesterday morning -were ■ disturbed by something other .than the cries .of. the auctioneers. It appears that the apples imported, from America, (Wiinatchee Vol. ley) are not said by Miction as anile. A fixed, price is placed npon them, and retailers are asked to take them or leave them at that price. last year the accepted, price was 15s. per case; and up till yesterday morning that wae the understood price in Wellington.' The merchants met and decided that the Mamma's apples should be sold at 16s. per 401b. case, where-upon-the Retail Eruiterere' Association decided not to purchase, and farther announced a .meeting at which tho matter .would be thrashed out. The tmpaseo ires ended by one of the merchants reverting to the old; price (155.), whereupon the others lowered the price, and. . the Retailers Association declared tho meeting off. On inquiry it was ascertained that most of the Wanatchce Yalley apples are sent here on consignment by Messrs. Duffy and 00.,' of' Son Francisco and Sydney, and the cost per-case (of 401b. net) works out as follows:—Apples, in San. Francisco,. say, 75.; freight (18 dollars per ton, in freezer),; 35. ; duty (Jd. per Ib.), Iβ. Bd.; commiesion, Iβ. 3d.; cartage and-wharfage; 3d.; exchange, Id. This brings the cost of.a case of apples up to 13s. 3d.; but it should be pointed out that the 'price of apples,delivered at San Francisco might be less than 7s. per case. One merchant stated-that the profit at 15s. a case -was about is. 6d. Buying at 15s. the 401b. case, the. retailer was "able to sell at 6d. per IJ" makine about 2d. per lb. profit, for a 401b. case did not weigh out 401b. over the counter. American apples were priced at a retail shop in Manners Street yesterday morning at Jd. per 1b.,. which is rather o.ver the,odds." . .....

i.Ouatoms' duty, collected. at the sort of Wellington ysterday amounted to £5716 165. , 10d. . . christohueoh irooi sale. ~ (By Tel«Braph.-Prese Aesociationi Chrlstchurch, December 4. At the. second wool sale of the current season, on Monday next, 15,942 bales will be offered, against 14,409 lest yeaj. , . BANK OF iBNGLAND RETUlttr.' By Telegraph.—Press Association—Oopyrieht London, December 3. The Bank of' England return issued for the week ended Wednesday, December 2, is aa'under:— ■ . • 1«I¥E DeubTHISS HttlllSH* f69,2J6.0(M Gev.aebt ... X*U,015,000 . ether Moori- '••,'■■ ■ ties ;.. .„■ i.ist.m • •; ' ■ OtM .„ ... 70.797.000 ..- £89.346,000 . . £89,2«.000' B4KUNO DEyinnniHi. •, r»prl«tort' Gevt. uoari. capital . fU.663.000 ties... ■... £32,290,000 Pabhod». ether Honri- . ... 13,677,000 tioi... ' .^113,121,000 posits ...167(971.000 N»t«j . „', 53,319,000 ,Rest, 7-day ■ •.• , • : * and*th(r. ' ■ •.-"■ ' . WUa... • „, 3,a«,000 Coin m. : ,„• 6M.000 ■.•■'■,.;... : r £198,3«',0m '■■ r ! '•' : il(i9iMil 1 000 ■ The' leading 'items of the Bank, of Eng-.; lend return afford the following- compaiieon:— ■ . ;.■•' . ~ ■. ■■■ •■ •■ ■. Ihiiwuk Lait w«ek liait year ■ ; "■"'.. £ ■ £ ■ . ' £ BnlliOß .... „. 70,797.000 71.619.D00 35.500.000 Reaervt , ;.. i... , 63.933,000 55.358.000 26.284.000 Not* Issue 1 , ■■■... 35,927.000 35.315.000 28,790.000 .PublioDeposit*. : 13.577,000 18,691,000 7,760.000 Other ; Depositj' 167.971.000 156,463.000 39,891,000 .Proportion of' , ■'.... • ■ ■ resery* .to■'.■'■ ■-' ■ ■ • •> l!abiiiti«»- -■■-. ( 29.67 31.60 .. . H.W ' ' ~;,^ MONET,.KAEKET. ' '" .' > The Bank" of. England discount rate was on January 2, 1914, reduced from 5 to «1 per cent., on Januajj 22 it was reduced to.

4 per cent., and on January 29 to 3 per cent. On July 30 tho rata was raised to 4 per oent., on July 31 it was raised to B per cent., and on August 1 it was luVther. advanced to 10 per oent. On August 6 the. rate was reduced to 6 per cent., on Aueust 7 it was further reduced to 5 per cent., at which rate it now stands. The Bank of France rate 'is 7 per cent., is against 7 per cent, last week, and '4 per. cent , last year. ' OPEN MABKET BATES. .. . The open market , discount rata for, three months' bills is Zo'.per cent., a-s, compar-: off with-' 2J to 23 per cent, last week, and i 13-16 per cent, last year, : Short loans are quoted at 12 per cent:, as apainst 13 per cent, last -week, and 2J .per-2ent. last year. ' COLONIAL AND OTHEffi PEODTJCE. Wheat ia firm. Sellers are offering spar- 1 ingly at 3d. advance. Australian (landed), 50s. Quarter. Flour is steady. Australian, ox 6tore, 365. to 365.' 6d. • Barley is firm. Australian, 3fc.;to 375."6 d. Pt&s,. quiet. ' New Zealand, 40s.h to 425. : Oafs, quiet. La Plata, January-February ' shipments, 225. 3d. Peas: Quiet and unchanged. , .- . Butter is very firm. The . Moldavia's cargo is clearing well. Choicest; 128s.'to 1325.;-secondary, 1225. to 1265.;.-New,--Zeo-; laM, 130s. to 1345. - - i> . ..." Cheese is firm. New Zealand, 765., 77a,''. Sugar.—Foreign granulated is quoted lat 275. 6d-. ■ .- :,. , . Bradford . Tope.—The market is quieter. All sorts of merino are irregular. Cross-' brcde are elightly' in • buyers' favour.. Sixtyfours, 29Jd. to 26a.; super 60's, : 28Jd. to 26d:; common,. 28d. to 27Jd.; S6's t \27Jd.-to 26iid.;59's, 255. to 24d.; 46's, 21id. to ,201 d.; 40*g, ISid. to 18£ d. : TEE. METAL MAEKETS. Copper.—On the spot, £56 10s.; at three months. '£56 15s. Electrolytic, on' the spot. £59 55.; at three, months, £59 15s.- . : ■ Tin;—On tie spot, £146 10s. to £147; at three months, £145 to £145 10s. Pig-iron, 51s. lid. Lead, £19 to £19 ss. . - VICTOEIAS PEODUCE MAEKETS. Melbourne, December 4. Wheat, . buyera, 6e., &d. Hour, £13 10s. Bran,' £8' 15s. Pollard, £9; ' Barley, English, 55.-9 d; ..to 6j.; Cape, 4s, 3d. to 4s. 6d. Oats, 3s. 6d. ',to 3s.' 7id.. Mateo, 4s. sd. Potatoes, £4 lOs.-to £6; new, £5 to £6, in cases. Onions, £12.