COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2450, 1 May 1915, Page 10

COMMERCIAL ITEMS

"" INVESTMENT BHABEH. ■ In the.investment market yesterday Galea were reported of National Bank at £5 10s„ and National Insurance at 48s. 6d. Tile Quotations were as follow:—

.. WOOL, SKIN AND HIDE BALE 3. The fortnightly soles of wool, skins, bides and talow were held yesterday by the various brokers, whoso reports arc appended i Messrs. Dalgety and Co, report that a good catalogue was offered to the usual attendance o£ buycre.. Competition was keen, throughout, and prices for wool and skins' were very firm at last, sale's rates, being, if anything, in sellers' favour, whilst hides and tallow showed a decided advance on prices ruling then. The New Zealand Loon and Mercantile Agency Co., Ltd., report:—The attendance of buyers was well up to the average, and bidding was .brisk. ■ There was a good demand for dry skins, and all sold well at late rates. Messrs. Abraham and Williams, Ltd., re-i-port that buyers were present in good numbers, h.i]d■ competition was keen. Wool came back somewhat, in sympathy with London. Skins were a farthing to a halfpenny lower than last saJo,. salted being in strong demand at slightly lower rates. Tallow sold well at an advance on last quotations. Messrs. Murray, Eoberts and Co. report that they offered 2000 sheepskins and 600 hides and calfskins. Only bag wool was sold, all bales being held for the first crutching rale on May 14. Sheopskins maintained last sale's prices, hides showed an advance of 3d. per lb. for ox, cow hides being firm at par to id. per lb, advance. Calfskins showed an easier ten- • dencyr Prices for tallow were firm. Messrs. "W. and G. Turn-bull and (Jo., Ltd., report that despite adverse reports from London this week, sheepskins were fully -up to tho ruling rates, buyers seeming to have anticipated the drop at tho last sale. Hides showed an improvement on last sale's rates. Tho United Farmers' Co-op. Association, Ltd., and the Wairarapa Farmers' Co op. Association, Ltd., also participated in the sale. • The general range of prices ' was as folows:—Sheepskins: Halfbred, 10} d.; fine crossbred, 10} d.; medium- to coarse crossbred. lOd. to lOjd.j short to half-wools, 6d. to 9Jd.; dead and damaged crossbred, 4d. to 83d. i inferior and badly damaged, Id. to 6Jd.; lambs, fid. to IOJd.; damp, salted, and green', 3s. 7d. to 9s. 3d.; pelts, 2d. to 6Jd. : lambs, salted, 3s. 9d. to 6s. 6d. • ■ Hides.—Ox, heavy, 601b. up, lOd. to iOJd.; ox,. medium, £0-591b., 9d. to lOd.; ox, light, , 491b. and under, Bd. to 94d.j cow, heavy, 651b. and over, Bd. to 83d. ; ■ oow, medium, 4ZIb. to 541b.,'8d. to BJd.; cow, light, , under 421b., Bd. to BJd.; cut, slippy and inferior, 4d. to 83d.; bull, stag, 6d. to 7d.; yearlings {161b. to 241b.), 6d-. to 73d.; calf, superior (up to 161b.), 9d. to 9Jd.; calf, medium to good (up to 161b.), 83d. to 9 3-Bd.; calf, damaged (up to 161b.), 3d. to B^d. Tallow.—ln casks, 23e. 6d. to 295.; in tins, 2fli. to 245. Sundries.—Cow tails, Is. 6d, Customs duty collected at the port of Wellington yesterday amounted to £2057 Bs. 7d, SOUTHEEN MARKETS. (By Telegraph.—Press Association.) Christchwrch, April 30. Threshing returns up to the ond cf March show that 4,665,529 bushels of wheat have been bagged, end there will be at least another million bushels to. ,ad 4 when I threshing is completed. It appears, therefore, as if the crops will be -a little eliort of requirements. ; The wheat market is at a stands Sill, there being no buyers at present. The -local oats market is easier, as no business can be done against the lower rates offering from Southland. Buyers arc not, offering more than 3e. 6d. at country stations, but . ftrmcr A m.

fi™uTo. There is nothing doing in barley, as all prime quality from here has now changed hands. The ohalT market is lirm. i- The offerings of potatoes havu eased, off since the price was reduced to £3 15s. at n country stations. Some shipments have 11 been made to Sydney, but private adviccs state that the market is easier there. LONDON WOOL HALES. (By Telegraph.—Press Assn.—Copyright.) London, April 29. At tho wool Birtcß there was good competition for best merinoe and crossbreds, but for all faulty and wasty wools prices were in buyers' favour. For tho fleece portions of clips named, the following prices were realisedßnrrawong", top 13jd., average 12jd.; TJlomga, 14Jd. and 1213.; Nymagee, 13d. and 12Jd.; Bulgoo, 15Jd. and 123 d.; Bowen Down, 12d. and 11 jd. New Zealand; Glendonald. l£id. and 161 d, ' VICTORIAN ' PRODUCE MARKET. Melbourne, April 30. WTieat, nominal; flour, £17; barley, English, ss. 6d. to ss. 9d.; Oape, ss. 4d. to ss. 6d.; oatfi, Algerian feed, ss. sd. to ss. 9d.; seed, 6b. to 6s. 6d.; maize, ss. Bd. to 65,; bran, £10 55.; pollard, £11 55.; potatoes, £4 to £4 10s.; onions, £5 ss. to £5 10s. BANK OF ENGLAND RETURN. (By Telegraph—Press Assn.—Copyright.) (Rec. April 30, 8.5 p.m.). London, April 29. The Bank of England return issued for tho week ended Wednesday, April 28, is as under:— Issue Department. Note Issue £7-2,5U.C00 Gov. debt ... £11,015.000 Othor securities 7.434,000 Gold ... ... 54,065,000 £72,514,000 £72,514,000 Bankdig Department. Proprietors' . Gov. securicapital £14,553,000 ties £51,063,000 Publiodo- Other securiposits ... 132,067.000 ties 146,694,000 Other deposits ... 87,030,000 Notes 37,628.000 Rest, 7-day and other > bills ... 3.186.000 Coin 1,251.000 £236,636,000 £230,836,000 Tho loading items of th» Bank of England return afford tho following companion , This week Last week Last year Bullion 54.065,000 54,254,000 35.151,000 Deserve ... 39.078.000 39,756,000 26.338,000 Noto Circulation 34,686,000 34.332.000 28,877.000 Public Deposits 132.067.000 125.414.0C0 19.020,000 Other Deposits 87,030.000 88,750,000 43,127.000 Proportion of reserve to liabilities 17.87 ■ 18.66 42.37 r GOVERNMENT SECURITIES. The following are the latest quotations for Colonial Government securities in comparison with those ruling jast week

• MONET' MARKET. The Bank of England count rat® was on January 2; 1914, reduced from 5 t> 4} per. cent., on January 22, it was reduced to 4 per rant., and on January 23 and 3 per cent. On July 30 the rate was raised to 4 4 per cent., end on January 28 3 per cent., and on August 1 it was further udranc«d to 10 per cent. On August 6 the rate wae reduced to 6 per cent., on August 7 it was further reduced to 5 per cent., at which rate it now stands. The Bank of Prance rate ill 5 per cent., as again6t 4 per cent, last year. i OPEN MARKET, RATES. The open market discount rate for thre* months' bills is 2j to 2 per cent., as compared with. 2 15-16 per oent., last week, and 2 1-16 per cent, last year. Short loans are quoted at 2 per cent., a B against 1! jier cent., last week, and 2} per cent, last year. . COLONIAL AND OTHER PKOUTJCE. Wheat.-The market is aulet. • ' Flour.—The market ifi firm, hut quiet. Oate.-Tho market ic stronj. New Zealand, 365. 6d. to 375.: Bahia Blunoa, ItayJubo shipment, 30s. 3d. Peas and beans are steady, but alow of eale' Butter.—Market firm. Available supplies are small. Choicest Australian, 130s. to )37a Vunoalted, f34j. to 1365. i Now Zealand, 1365. and (unsalted), 138s. to 14Cs. Oheese.—Market firm and prices unchanged. 1 Bacon.—Firm market. A-few Australian Oumberlands brought 665. • Sugar is steady and unchanged. The Bradford market is quiet; 45's, 264. > 40's, 24Jd.

Buyers. Sellers. £ 6. d. £ s. d. Bank N.Z. (£3 6s. 8d.) ... 11 0 0 11 2 0 Bank N.Z. (£6 13s. 4(1.) ... 17 10 17 4 0 Union Bank — 57 0 .0 Equitable Building ......... 9 10 0 — Wn. Int. T. and A 0 11 3 — Well. Trust Loan, Ltd-. ... 7 8 6 — N.Z, Insurance 6 0 6 — N.Z. Shipping (ord.) ...... 15 10 0 ; — N.Z. Shipping /pref.) 10 10 0 — Union Steam (ord.) — ,14 3 Union Steam (prof.) 10 8 — Keiapoi Woollen (ord.) ... — ' 5 2 0 Well. Woollen (ord.) 4 11 0 — Westport Coal — 113 6 Golden Bay Cement 10 6 1 1' 2 Wilson's Cement ; 110 — Ward and Co. ..; — 5 15 8

Variation Btoev ■ ' compared moc!£ Price. with . ' last week. £ 6. a. 5j% Imperial Consols 66 8 9 Unchanged 4 ,,N.S.W,1033Jan.-jRly .97 5 0. 5e lower 1 .1030-50Jfr.-Sp 07 10 0 Ss lower 3j ..N-S-W- Early Curr 83 10 0 5b higher 3 „N.8. W. 1025 Apl.-Oct 81 6 0 Unchanged 1 „Vio. lG20Jan.-<l»]y ■ 99 0 0 5s blghor Ei „Vic. 19-21-6 Jan.-Jily 91 10 0 6s higher 3 „Vio, 1929-49Jan.-JnIy 76 6 0 6s higher Si „S,A. 1016 JaD.-July as O O 7/6 lower 3 ..a.A. 1916Jan.-July 70 0 0 Unchanged ( „QTil915-24 Jan.-July 98 0 0 Unchanged 8i „Q 'l'dl922-47Jan.-Jaly 02 0 0 7/6 lower 8 „QTdl92'2.47Jan,-July 74 0 0 10s lower i „N.Z. 1M0May-Nov. .06 7-6 13/6 lower Si „N.Z. JS)13-iOJan.-July 84 0 0 fis lower 3 „N.Z. 1U20 April-Oct 76 7 6 7/6 higher 3J „\V.A.1015-35 May-Nor • 67 16 0 5s higher 3 „W.A,1015-35May-Nov 82 0 \0 Unohanged Si „Tas. 1820Jan.-July 85 0 0 Ss lower ■ 3 „ Tag. 1020-10 Jan.-July 76 10 0 Unohangtd