COMMERCIAL. ITEMS

Dominion, Volume 8, Issue 2462, 15 May 1915, Page 14

COMMERCIAL. ITEMS

, ■ INVESTMENT BHAEES. JlMera rcere no transactions in rnrest- . teent sbaree yesterday. Tho ciuotatioua were a3 undeT:— ■ Buyers. Boilers. £ s. d. £ s. d. Equitable Building 9 10 0 National Mortgage — 4 2 0 ilVoll. Int. T. and A 0 11 I ttl ( Well. Trust Loan. Ltd. ... - 712 6 Wei]. Dep. and, Hort. ... — 0 8 c • •N.Z. Insurance S 0 6 — •Wea lit. Eipt. (£2126.6 d.) Z 12 6 - Golden/ Bay Cement 10 9 — Customs duty collected at the port of ■Wellington yesterday amounted to £1741 fc. lfld. PRODUCE UABKET. Messrs. Laory and Co., Ltd., Allen Street, leport -wholesale prices as follow:—Fowls wheat, prime, 7s. 7d. per bushel; fowls barlev, fc. 3d.; Cape barley seed, fa. 6d.; feed peas, primo, 6s. 6d.; partridge peas, 7s. 6(1. bushel: Prussian bluo peas, Bs.; /.maize. 6s. - 6d.; oats, 4s. 6d. to fe. Bd. per bushel; cTiaff, oatensheaf, per ton. £8 to £8 t0o.; hav, .67; flour, in SBCKfi. .ClB 155.; oatmeal, £22; bran. £8 355.; pollard, £10 to .£lO 55.; onions, Now Zealand, £6 per ton; potatoes. white-fikamiod table. £5 to £5 15s, pot ton; bacon, ail beet

torr aides, 9Jd- per lb.; hams, 9Jd.; rolls, 102 a,; shoulders, bacon, 73d-; cheese, factory, medium, BJfi. to 9d. per lb.; superphosphates, £5 55.; bonedust, mixed £6 155.;. linseed meal, £19 10s.; linseed Tints, 14s. cwt.; crushed linseed cake, 14s. cwt.

WOOL, SKIN, AND HIDE SALES. The brokers' Teports on the wool, akin, and hide sales neld yesterday arc as under:— Messrs. Dalgety and Company, Limited, report haying sold' wool, crutchines. and skins end hades, This being til© first special sale of the season for cTutchinps, attention was naturally directed to that paTt of the sale, and the priccs paid far exceeded a., expectations, so that the results should be plea6ftnt news for vendors. Aides were slow of sale, with a drop of a id. to I<l. per lb. for heavy ox, and other lines slightly easier then at last sale.

The Now Zealand Loan and Mercantile Agency Co., Ltd., report:—The first crushing pale of the season was held yesterday in conjunction with the ordinary fortnightly offerings. In all about 1400 bales of wool were catalogued, including about 50 per cent, of crutchings. Record prices were given for crutchdngo, up to 141 - being paid —our top price was 14d. for a small lot of medium quality. Wo sold fleece wool at from lljd. to 153 d., and pieces and locks at equally good prices. There was a. good demand for skins, at prices equivalent to lat© rates, but hides suffered a decline on last sale's prices. Tallow was oleo lower. Messrs. Levin and Company, Limited, re* port offering 300 bales of wool. Buyers were present from all parts of the Dominion, and several Homo buyers were also operating. Japan, was represented. Bidding was extremely lively; and there appeared to be no limit to prices. Best crutchings sold up to 14£ d. and good 13d. to 13ijd.; medium, 12d. to 13d.; seedy and inferior, 9£d. .to 113 d. For other classes of wool high prices continued. Lambs realised up to 16d.; and fleeces, 15Jd. Some of the results for crutchings were as under :—l4£d., MATAHIWI/.TH, . WOODLAND/DMK, l<d., W.S.D., D.H.E., N.M.K./FLATSPUR, A.J.W.; 133 d., A.E.C., PATUKA, W.L., REWANUI, BEAUMARIS, OROUI; l3i<L, CROSSKKErB,l r B, W.McL., J.0.8./PIHAUTEA, D B/WAIAWA, JS/K, 88, MANAWA, ANCHOR; 13id.. J.F., HTJIA; 13d.,' BANICVIEW, TV/ROSELEA; 123 d., PA/OBOSS KEYS, MAI, 8.L.H., TVAIRONGA. j.F. The 6heepskin market was brisk at unchanged prices. Hides were considerably easier for all classes, owing to- the difficulty in export. Tallow was somewhat easier.

Messrs. Abraham and Williams, Ltd., report that wool was keenly competed for at high, values, crutchings reaching a. figure unprecedented in the trade. The highest price paid for super crutchinss was 14Jd. per lb. The firm offered two lines of scoured'WOOl, and these Bold as follow:—Scoured crossbred, 203 d. to 21d.; pieces and bellies, 19} d. to 19Jd; stained pieces and second pieces, 16d. to 161 d. locks, 123 d. to 143 d. Skins were very fir.m at late prices. Hides were again lower.

Messrs. Murray, Eoberts, and Co., Ltd., report:—The first crutchings sale was held yesterday, when we catalogued 442 bales of Wool, 2100 sheepskins, and 600 hides. Competition was extremely keen. The outstanding feature of the sale was the very high prices realised for greasy crutellings, which were forward in fair supply. Never before in the history of the "trade have such prices been realised for these wools, values betas practically on a par with fleece Wools. The top price paid was 143 d., and we obtained this figure for no fewer than eight different parcels in our catalogue, while several lots made from 13d. to l<d. per lb.j fleece wool realised up to 153 d. j wllile some super lambs brought 16d. Sheepskins sold well up to late rates, but liidee showed a decline, ox being up to a halfpenny lower, while cows dropped a farthing:. Mlow sold at last sale's figures. Successful sales were also held by Messrs. W. and G. Turnbull and Co., the Wairarapa Parmers' Co-op. Association, and the United Farmers' Co-op. Association.

The following was the range of prices;— Wool; Crossbred fine, 14Jd. to 15Jd.; crossbred, medium, coarse, 12cL to 15? d.; pieces and bellies, BJd. to 10id.; locks and stained pieces, sjjd. to 65d.; crutchinps, superior, 13Jd. to 143 d.; crutchings, medium to good, lid. to 13>4.; crutchings, Beedy and inferior, Bd. to 103 d.; lambs, lid. to 16d.; dead, 9Jd. to 133 d. Sheepskins; lOd. to 10Jd.; fine crossbred, 9id. to 103 d.; medium to coarse crossbred, 9d. to 10Sd.; short to half-wools, Bd. to 93a.; dead and damaged crossbred, 7Jd. to 83d.) Inferior and badly damaged, id. to 7Jd.j-lambs, 53d. to 103 d.; damp, salted, and green, 4s. 9d. to 9s. 2d.; pelts, 3d. to Ed.; lambs, salted, 3s. 6d. to 6e. sd. Hides: Ox, heavy, 601b. up. 9id. to 9gd: ox, medium, 501b. to 661b., 83d. to 91d.; ox, light, 491b. and under, ?gd. to 9)d.; cow, heavy, 551b. and over. Bid. to BJd.; cow, medium, 421b. to 541b., Bid.;cow, light, under 421b., 7?d. to 83d.; cut,'slippty, and inferior, 6d. to 7d.; cut, slippy and inferior, bull, stag, 68c]., to 63d.; yearlings, 161b. to 241b., 7d. to 7Jd.| calf, superior, up to l<lb., 9|d.; oalf, medium to good, up to 161b., BJd. to 95d.; calf, damaged, up to 161h., 2d. to Bid. Tallow: In casks, 265. to 275. 9d.; in tins, etc., 183. 6d. to 245. Sundries: Horsehair. Is. 2d.; cow tails, Is. 6d. to Is. Bd. .

Messrs. W. and G. Turn bull and Co. report e successful sale. The top price ol the sale was secured, by them for crutehings on account of Mrs. E. A. Buseoll and Mr. Erl Williams.

SOUTHERN MARKETS. (By Telegraph.—Press Association.)

Christchurch, May 14. There does not appear to be any further sign of a. move in either the -wheat or oats market. There is little wheat offering from groware, but it is reported tliat wheat in second hands has been offered at 6s. 9d. f.o.b. In the oats market there is practically nothing doing. Oafeheaf chaff is very firm, aild up to £6 ss. has been paid at country stations for very prime samples. The demand for straw chaff has eased off, and wheat straw chaff is now only worth 355. to 40s. at country stations. There is no change in the potato market, £3 10s. being the normal price at country station s. Some cow grass seed' is now coming on the market, and it is selling at 6d. to 7d, A quantity of Eeed was held over from laßt year, and as it is one of the few seeds that' have not gone up on account of th© war, the price is lower in proportion than any other agricultural 6eeds. The quantity offering appears to be smaller than last year. White clover seed is easier, and is now worth Is. to Is. 2d.

LONDOK MARKETS. Messrs. Dalgety and Co., Ltd., have received the following cablegrams from their London office, dated May 13:—Wool sales: Sales proceed with increasing spirit. Compared with closing rates of March eolcs, fine and medium crossbreds are on a par, and coarse 5 per. cent.. lower. Good merinos, greasy and scoured, are on a par, but faulty and inferior are 5 per cent, lower, whilst short, burry, scoured are neglected. Tallow: At the auctions, prices declined on the average Is. per cwt. Good mixed realised 345. 6d. per cwt.

BANK OF ENGLAND RETURN. (By Telegraph—Press Assn.—Copyright.)

London, May 13. The Bank of England return issued for the week ending Wednesday, May 12, is aa under:—

Issue Depabimesi. Koto Issue £10,763,000 Gov. debt ... £11,015,000 Other securities 7,434,000 Gold 62,339,000 £60,768,000 £60,788,000 Banejkg Depap.tmkni. Proprietors' Gov. soeuricapital . £14,553,000 ties £51,043,000 Public dc- Other securiposits ... 127,864,000 ties 1(3,073,000 Other deposits ... 05,015.000 , Notes... .... 45,785,000 Best,'7-day and other bills ... 3.153.000 Coin 1,290.000 £■241,191,000 £241,191,000 The leading items of the Bank of England return afford tho following comparison:— This week Lost week lost year Bullion 62,339,000 54.937.0C0 34,064,000 Boserve ... 47.075.000 30,809,000 25,540,000 Note Circulation 35,003,000 38.441,000 28,703,000 Public Deposits 127.854.000 134.165.CC0 18.511.000 Other Deposits 95,615.000 85,129,000 38,774,000 Proportion of roserve to liabilities 21.0G 18.15 41.51 GOVERNMENT SECURITIES. The following are the latest quotations for Colonial Government securities in comparison with those ruling-last week Variation uteri, coin pared bloc* I>rice< wilh ' Inst week. £ b. d. 25% Imperial Consols GG 8 fl Unchanged 4 „N.S."\V,l933Jan.-Jnly fl7 0 0 f tK )ower 35 „N.S.W .19iiO-5Q>Jr.-Sp 97 JO 0 Ujicluiofe'cd Si ~N.S.W. Early Curr 83 7 U UnchAuged 3 „N.5.W.1925Ap!.-oct 80 15 0 Slower i „Vic. 192U Jau.-July f JB f> 0 10s lower Si „Vic. 1921-0 • .lau.-July r> 0 f>s lowei 3 „Vic. 1029-i9Jan.-JiiJy 7l> a 0 Unchanged Si „B,A. 1916 Jau.-.'fuly 15 0 10s higher 3 ~B.A. ISJl<> Jaa.-July VO 0 0 oh higher i „Q'rdlolu-2< Jan.-July m 12 (j hidier 3i Q Td 19J2-17 J an. - July !)2 5 0 j-is lo\v«r 3 QTdlfl2-2.47Jan.-July 74 12 t; 7/11 hi«!mr { Jitei) May-Nov. DP> 0 0 -2 0 lownr iJa ~N.Z. lfll2-40Jan.-July 8} 7 r> u/6 lowor 3 „N.Z. IU2O April-Ocfc. 76 0 0 fa lowftr 3£ U \V.A.IOIS-3D May-Not hi 10 fl 2'H In^or 5 It W.A l lols.3. r »Mtty-Nov 62 5 0 Unchnnficd Sj „Tns. Ji'-OJan.-July P5 10 0 higher 8 ..TttiUWO-iO Jan.-Juiv 76 0 0 10s lower

HONEY MARKET. ■ The Bank of England discount rate was on January 2, 1914, reduced from 5 to 4} per cant., on January 22, it was reduced to 4 per cent.-, and on January 28 3 per cent. On July 30 tho rate was raised to 4 per cent., and on January 28 J per cent., and on. August 1 it was further advanced to 10 per cent. On August 6 the rati was reduced to 6 por cent., on August 7 it was further reduced to 5 per cent., at which, rate it now stands. Tho Bank of Franco rate is 5 per cent.". 03 dgainot 4 per cent, last year. OP-EN MARKET RATES. The open market discount rat© for three months' bills Is 2J por cent., as compared with 25 to 2 per cent, last week, and 23 per cent. last year. Short loans aro quoted at 2 per cent., as against 13 per cent, last week, and 2j per ceut. last year. LONDON WOOL SALES. (By Telegraph.—Press Assn.—Copyright.) London, May 13. At the wool sales prices for crossbreds and i-best njerinos showed a hardening tendency. Prices for faulties were unchanged. The following prices were realised for tho fleece portions of clips named:—Killara, top l<id., average 14Jd.; Orandunbie, 17d. and 153 d.; Plevna, 13id. and 12Jd.; Dagworth, ZSd. and 253-fid.; Lansdomie, 23d. and 213 d. Now Zealand;—Awliea, 18»d. and 17d.

QUEENSLAND WHEAT YIELD. ' Brisbane, Hay 14. Tho wheat yield of the past season t0ta11ed'1,582,427 bushels, or an average of IZJ bushels to the acre. VICTORIAN PRODUCE MARKETS. Melbourne, May 14. Wheat, 7s. lid. Flour, £17. Oats, white. ss. Eld. to ss. 9d.; Algerian, 6s. 7d. Maize, "Victoria-, 6s. Id.; Java, E«. 6d. to ss. 7>d. Bran, £10 ss. Pollard, £10 ss. Potatoes, £5 6s. onicii6, £5 5s to £5 15s. MINING NEWS WELLINGTON SHARE MARKET. In the mining market yesterday a sale of Waltangi at Is. M. was reported. Tlio quotations were as follow;— Buyers. Sellers. £ a. d. . £ s, d. ftoss 0 0 85 — 'Halisman 13 9 14 6 Waihi 1 18 6 119 0 *Grend Junction 14 6 15 0 *Ex div. STOOK EXCHANGE. (By Telegraph—Preps Association.) Christchurch, May 14. Sale reported;—N.Z. Insurance, £6 Is. Dunedin, May 14. . SaleN.Z. Drug, 475. 3d. v LONDON MINDTG QUOTATIONS. (By Telegraph—I J ress Assn. —Copyright.) London, May 13. Stock and Bhare market quotations include :—British Broken Hill. 245. 6d. and 255. 6d.; Broken HiU Proprietary, 41s. 6d. and 425. 6d.; Broken HiU South, 1355. and 1455.; Wfilli, 40s. and 425. 6d. HOTJXT LYELL COMPANY. Melbourne, May 14. At the half-yearly meeting of tho Mount Lyell Company the net profits were stated at £98,220. The ore reserves in the North Lyell Mine are eetimated at 1,239,C00 tons, and the Mount Lyell reserves at 1,894,928 tons. This is «u Increase of 146,000 tons on the 1912 valuation. HIGGINSON AND MACSHANE, 143 Featherston Street, Wellington. SHAREBROKERS and ACCOUNTANTS. MONEY TO LEND on Firat-clasa Freehold Security.