COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2354, 9 January 1915, Page 10

COMMERCIAL ITEMS

OHRISTCHUECH WOOL SALES. (By Telegranb.—Press Association.) Chrlstchurch, January 8. ' The third wool sole of the current season will be held on Monday, when the offerings will total 25,101'. Dales,, compared with 22,134 last year. LONDON MARKETS. Messrs. Dalgety and Company, Limited, have received the following cablegram from their London office, under date January 6: —Tallow: At the tallow sales prices were unchanged. Wool market: The market is steady. Quotations for Bradford tops are as follow :-70's, 25} d.; 64's, 241d..t0 25d.; 60'g (super), 24d.; 60's (common), 23Jd.; 68 s, MM.; 56's, 26d.; 46*6, 20id.; 40's, Uld.; 50s, 24d. Customs duty collected at the port of Wellington yesterday amounted to £2156 12s. . _ QUEENSLAND GOLD OUTPUT. By Telegraph—Prees Association— Oopyrirht Brisbane, January 8. ' The gold yield of the State for 1914 decreased 14.948 ounces. VICTORIAN PKODUOE MAEKET. Melbourne, January 8. .Wheat, 6s. Bid. to 6s. 9d.; Sour, £14; oats, 4s. to 4s. 2d.; barley, English, ss. 9d. to 6s.- Cape, 4s. 3d. to 4s. 6d.; maize, 4e. lid.: bran, £9 155.; pollard,. £10 55.; pota- • toes, £5 to £6 55.; onion 6, to £11 !os. BOARD OF 31EADE RETURNS. London, Januajnr 7. The Board of Trade returns for the month of December show that imports decreased by £3,659,914. exports by £17,047,992, and re-exports by £3,857,977. PEEL RIVEE LAND CO. London, January 7. The Peel River Land and Mineral Co., Ltd., which carries on pastoral operations in New South, Wales, in its report shows a profit of £62,647. A final dividend of 5 per cent, is declared, and the amount brought forward is £26,647. r SOUTHERN MARKETS (By Telecreph.—Prose Association' l Christchurch, January 8. f The arrival of a shipment of wheat from Australia next week and shipments coming to hand this and next month from Canada, totalling in all a little over half a million bushels, will enable millers to carry on until the new crop come 6 in. The imported wheat is to be resold at ss. 9d. per buahel, but tram. itaUw*>*iM KWJ.4.

to the proclamation to bo issued, it is not clear whether this price will also apply to locally-grown wheat. It is suggested by the Premier that the restrictions a* to the price of wheat will be removed when the new crop is available. Even if tho new crop turns out nearly as good as last year's, it will not produce sufficient for a year's requirements, and further import* tions boforc the next harvest will undoubtedly have to bo made. If, however, supplies last until about the end of the year, there should be no difficulty in obtaining shipments from Australia, as a much larger area is proposed to bo sown this year, and there are now signs that the.drought is breaking up. TheTc was recently a decided rise in the prices of bran and pollard, owing to the demand from Australia, the former being raised to «./ and the latter to £7 10s. for shipping, bran being 6s. per ton more for local consumption. The eiport of both bran and pollard has now, however, been prohibited, but no change in the prices has yet been made. Oats aro firmer, as a good inquiry has 6et in, presumably from Australia, and stocks are now very bare. It ie reported that several samples of New Algerians nave been seen, but no business is yet said to have taken place. Old A Grade oats are now worth 35.. and B Grade 2s. 10a. to 2s. lid. at country stations. • Oatsheof chaff is very firm, but supplies are difficult to obtain, the price offered being £4 10s. at country stations. BANK OF ENGLAND RETURN. By Telegraph—Press Association—Copyright London, January 7. The Bank of England return issued for the week ended Wednesday,. January 6, is as under: — liams Bepixtheut KtUlnu* £66,715.000 Gav.dsbt — £11,016.000 Other shinties ... - 7.434.000 G*l<i ... - 68,866.000 £66.716.000 £86,715.000 BI.MKINS DEPJLTWirSNT, FMp*i«t»rr G»vt. Meat!ctpital £14,553.000 ties £14,810,000 Fublio d«- Cthcr Hcuriptlitl ...23,809.000 till 108,029.000 6th«rd»p.sits ...133,349.000 Nittl ... 60,838,000 R eat, 7-dty ind «thu •b111a... ... 3,443.000 C«itt 584,000 £175,154,000 £175,154,000 The leading items of the Bank of England return afford the following comparison :— . Shis walk Luk WMk Hut year Blllltn .68,566.000 69.032.000 36.019,000 Basarrt..; ... 51.422,000 51.804.000 26.517.000 Neta Issue ... 35.877.000 36.139.000 •29,043,000 FublioDepoiita 23,809.000 26.459,000 7.185.000 Othar Deposit! 133,349.000 128.055.000 46,544,000 Frcportion el reserve te lUbilitiea 32.73 83.42 10.31 MONEY MARKET. The Bank of England discount rate was on January ■2, 1914, reduced from 5 to 41 per cent., on January 22 it was reduced to 4 per cent., and on January 28 to 3 percent. On July JO, the rate was 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 August 7 it was further reduced to 6 per. cent., at which rate it now stands. The Bank of France rate is -7 per cent., as against 7 per cent, lost week, and 4 por cent, last year. ...-.OPEN MARKET BATES. The open market discount rate for three months' bills is 2 • 5-16 per cent., as cofpared with 2J per cent, last wecK, and 41-16 per cent, last year. Short loans are quoted at U per cent., as ogain6t 1 j per cent, last week, and 3} per cent.. last year. GOVERNMENT SECURITIES. The Mowing are the latent quotations for Government securities. The London Stock Exchange was closei at til* entt of July, and was.not reopened until Monday last. The quotations tms week, oSrapmxvl wsih . the prices just prior to the closing of the Uxchango are'given In the table appended: This July, week. . 1914. £ e. d. £ s. d. 2Jp.c. Imperial Conßola 68 11 3 75 6 0 4p.c. N.S.W., 1933. Jan.-July 99 0 0 101 0 0 Ijp.c. N.B.W. 1930-50, Max.-Sep. - 96 5 0 100 0 0 3p.c. N.B.W. 1925, Apr.-Oct. 7916 0 83 0 0 4p,0. Tic. 1920, Jan.-July... 99 0 0 100 0 0 3}p.c. Tic. 1921-26, Jan.-July 94 0 0 95 0 0 ' Jp.c. Tic. 1929-49, Jan.-July ; 79 0 0 80 0 0 3Sp.o. S.A. 1916, Jan.-July 89 0 0 90 0 0 3p.c. 8.A., 1916. Jan.-July... 73 0 0 74 0 0 4p.c. Q'd. 1915-24,: Jan.-July 99 5 .0 100 0 0 3Jp.o: Q'd. 1922-47, Jan.-July 94 : 0 0 95 0 0 3p"c. Q'd. 1922-47, Jan.-July 78 0 79 0 0 4p.c. N.Z/1929, May-Nov. ... 97 7 6 99 0 0 3jp.c. N.Z. 1912-40, Jan.-July 87. 2 6 89 0 0 Jp.c. N.Z. 1920. Apr.-Oct. ... 77 10 0 80 0 0 3jp.O. W.A. 1915-35, May-Nov. 89. 6 0 92 0 0 3 P c. W.A. 1915-35, May-Nov. 8310 0 87 0 0 Bjp.e. Tae. 1920, Jan.-July 89 10 0 90 0 0 3 P c. Tas. 1920-40, Jan.-July 79 6 0 80 0 0 COLONIAL AND OTHER PRODUCE. Wheat—Market quiet, but steady. Northern Manitoba, January 545. 7jd. Flour—Market firm at Is. 6d. to Zs. aaBarley—A strong market. Australian, 365. to 38s. J . „ Beans have advanced, by 2s. : Oaie have advanced by a shilling. Banie, Blanca, January-February, ,265. 9d. to 275. Peas-Market firm and prices unchanged. Sugar—American granulated, 275. per cwt. Butter-Market very firm. OolomaJ .is clearing steadily. Choicest Australian, 1345. to 1365. i unsalted, 1365. to 1385.; New Zealand, 1365. to 1385.; unsalted, 138s. to 140s. The discharge of 'butter is improving, though still low, owing to shortage ,;of labour and lighters. Some firms are using motor lorries from the docks to Tooley Cheese-Market firm, New Zealand, 755. to 775. . ■- Bradford Tope-Prices axe unchanged. There is a fair inquiry for crossbreds. . THE METAL MARKETS. Copper—On the spot, £58 15s. to £59; three months, £59 to £59 65.; electrolytic, £63 ss. to £62 15s. Tin-On the spot, £148 10s. to £149; three months, £143 10s. to £144. Pig-iron, 545. 7d. per ton. Lead, £18 17s. 6d. to £19 per ton. Silver-Bar silver is quoted at 22Jd. per ounce standard. - WOOL, BKINS, AND HIDES SALES. The fortnightly sale of wool, skins, hides, tallow, and sundries was held in Wellington .yesterday by the various brokers, whose reports are appended:— Messrs. Levin and Company report that all bole. wool was held for their sale on January 26, only bag wool being offered. There was a very strong demand for sheepskins at last sale prices. Pelts, however, were easier, in sympathy with London. Hides advanced id. to id. al round Calfskins .were firm. Messrs. W. and G. Turnbull and Co., Ltd., report that a smaller catalogue than übuol was offered, doubtle6a on account of the Ct-Tistmas holidays intervening. Competition was keen throughout the sale. Prices for sheepskins were on a par with last sale, and hides ehowed on advance of Jd. to 3d. Messrs. Abraham and Williams, Ltd.,. report having offered a large catalogue, comprising some 2500 skins and 500 hides, be-' eides tallow, etc. Competition was keen par with last sales' high rates, hidee esfor everything offered. Prices ruled on a pecially being in strong request. Messrs. Dalgety and Qompany, Ltd., report having disposed of a representative catalogue at satisfactory prices, almost on a par with those ruling at last sale, the exception being hides, which wero keenly competed for at a riso of about jd. to id. per lb for all weights of good sound lines. The United Farmers' 00-operative Association, Ltd., and' the Wairarapa Farmers' Co-operative Association, Ltd., report successful 6ales. Tho range of prices was aB : folows:— Sheepskins.—Half bred, 9Jd.; fine crossbred, 9d. to 9Jd.; medium coarse ororebred, BJd. to 93d.: short to half-wools, 6d. to lid,; dead and damaged crossbred, 6d. to 73.: inferior and badly damaged, Zd. to sid.; lambs, 6d. to Bd.; damp, salted, and green,. 6s. to 7e.; pelts, Is. Bd. to 3s. 4d. Hides-Ox. heavy,-601b. up, 9Jd. to 93d..; ox, medium, 50 to 591b., 9 3-Bd. to 93d.; ox, light, 491b. and under, B}d. to 9Jd.; cow, heavy, 551b. and over, 9}d. to 9id.: cow, medium, 421b. to 541b., 9}d. to 9Jd.: cow, light, under 421b., BJd. to 9|d.; cut, slippy, and inferior, 6Jd. to BJd.; bull Btag, 51d. to 63d.; yearlings, 9Jd. to 101 d.; calf, superior, lid. to 12Jd.; calf, medium to good, IOJd. to 12d.; calf, damaged, 6d.,t0 IOJd. Tallow—ln ca6ks, 205. 6. to 235. 3d.; in tins, 10s. to 19s. 6d.; fat, in sacks, Its. to 12s. Sundrios—Horse- j hair, Is. 7d.; cow tails, Is. Bd. The New Zealand Loa nand Mercantile Agency Co., Ltd., report that competition was keon for everything offered, and prices obtained were approximately equal to those obtained last salo. Bag wool was, if anything, slightly higher. Mesws. Murray, Roberts and Co., Ltd.. ' offered yesterday Z4OO sheepskins, about ■ 200 hides, besides a fair quantity of wool in bags and fadges, also tallow. There wee strong competition for all produce. Wool and sheepskins realised fully up to last sole's figures, with a tendency to harden , in favour of sellerß. Hides showed an adi vance, averaging about a farthing per s lb. with strong demand for all grades, i Tallow advanced 10s. to 15s. per ton. Tho » date of the next sale is Thursday, January 21. 'STOCK EXCHANGE. IBy Telegrapn—fross Association.) Dunedin, January 8. The folowing sale was reported on the Stock Exchange to-day-.—Union Steam, preJ ference, £1 Os. 3d.