COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2510, 10 July 1915, Page 8

COMMERCIAL ITEMS

:INVESTMENT BHAREfI/; '''i - In the investment market yesterday- there were sales , of Leyland O'Brien Timber at 225, .3d.,'- and 'Golden-.' Bay -Cement at- 21s.' quotations, weire as under ;—,. ~ ! 'j Buyers. . Sellers. . " £.s.d.' ■ £s.d, Well. o Trust/Loan. litd;-7 7\o Well. : Gas (£10) - el7-'0 0, ...16 0 0 17 -0"0 Goar ;: lfeat-(£1)' ;* .4 o'/O• • . • 4 10 *0 XJnion ; ,&team'r(ord.) ~ : -.1 3-9 Union- Steam.',(oref.) V..v.: - '• '• ,'rr .WestportrStockton"'- 0 5 0 -. i - i! ~ 6.15 0 ; . HIDE SALES.. • -'Messrs; ;i Deleety>and • Company, Ltd., re« portt^ln..addit!on':to\the usual fortnightly 6ale'of t.skins.riiides-and tallow, we-held tho third of the special ormrtchinffs eales of '.the'seiasonV.!.,:- Bepresentatires of .'Home, - Japanese,-ana-local buying houses wero; in attendance?'and competition was: keen of a total catalogue of 2000 bales'we.-offered 696 bales, as' well as a'lpjge. skins and hides. Priecs for, icnitchinprs^.were: advanced, .and '.wero •on,a par-with the-'extreme rates-ruling at. May sale. ' For one line of light, bulky . crutchings account of Mr. 11. J. ;W. -Lord»: Masterton. we obtained, the ex'■'oeptionaV pried,^of, 15|d, .-Skins-also' were 'id;/rP'er -l ; lb., whilst stout - hides,' stout •cow', were selling , at Jd. more than; at'lastt sale.- All other, descriptions of -produce -were very firm .at-late rates.v.Messr?,;Levin 1 and 'Co. renort:—The third. 1 of, the, winter crutching..sales was ;day,-when bales offered, of which. ba!es. :; Buyers' were present :again-;m ; good jiumbers - from'..all pairts' of the' Dominion, and -prices -continued; on a . hi»h ;level.' ;i Crutchings ' advanced fully a . halfpenny. .on-<the-- June sale, for medium, Epqd-:dnd.^best ; Quolitieß.'.but-seedy and injrior, :.wero,: ; if ; ;. anything, a shade lower. l wool - wae - strongly sought after, ; .There was -a. quantity, of Bconred'and slipe wools ..catalogued, ..which sold at prices hardly up-to June sale values. ' v : : The; sheepskin' marKet was firm; good 6kins^,'fid\»a.hced : another''farthing;' other descriptions unchanged. Green skins irre«, gular. .There , was' good competition for -hides—an of id. to'"|d. v on ox and cows./ Tallow; was .strong. " 4 - • 4 Mesps/W. and G; Turnbull and Co.. Ltd;, report:—ihe third crutching sale; of the •season:'was vheld yesterda-y,.- and vendors have a£aan; to congratulate \ themselves on the : pricoß Teali€ed, for their produce. In . sympathy with .the'state of the wool market at Home, prices, were again on the rise, and, all good lota were keenly competed for - .by\a representative 'gathering of buyers*acting -for-English, Continental,, and Japanese firms.k-We ..quote, good clean crutching.from sd» to ld, riso on prices ruisale on June Hi and ; crossbreds a similar advance. /Amongst some of our S rices- - are the ; followingOn account • of Jr. John Martin, MaTtinborough. crossbred I6id„ ;crutchingß - 14Jd;;. Patterson'' Bros., Wanganui,, crutchings 12id.; Mr. W. B. Martin, Miartinboirough,- crossbred 152 d.. crut<Aings' 13d. to Mr. W. J, Martin, Martinborough, ; . crutchings 13d.; estate of the -late T. T. i.Hillie, . JCauriceviile, crutchings 13id.; Parker and 1 Ahipene Martinborough, crossbred., 145 d.'; B. ' Picton, orossbred; 14Jd..; Sheepskins sold at 6lightly better prices, and hides remained firm, on last sale's rates. The Tfew Loan and Mercantile Agency- Company,. Ltd., report :~Ab.ont' 1900 hales«of-.-wool,' the bulk of which consisted of crutchings, were offered. Fairly large catalogues of sheepskins, hides, eie., -were also offered;: Competition.. was keen for everything except seedy, crutchings. The top price obtained for crutohings was 155 d. for a particularly clean,' lot-, , xt-is -estimated that best criitoliinES are about Jd. to 3d.'! and medium Jd.' to ja. per lb.-hjgher than last .sale, whilst seedy lota may be quoted lower by jd. to «..per:lb. -Some of our Eales or crutoh-' follow:—On - account E., V. Eiddiford; Tabldands; -llSd. to - 12Jd.;> A Sutherland, Manawatn. 12/ d. to 133 d. ■ P C. Sorensen, JfoKu, 12d. : ; G. J. T, Imblow, Nelson, 12d.j F; W. Groveß, Kohunui, 12d.: J.-;Savage,r-Me-sterton, 13Jd;; D. Proffltt, WHuangamomopor, 13d. to loid,; G/F. Barry,

Mangatiti, 12id.; W. N. Waldin, Tanc, 133 d.; I H. K..Hansen. Masterton, 13jd.; W. G. Waterson, Salefield, 121 d.; R. Ba6Sett, Carterton, 13d.; Chishold and Son, Huntervillo. 13d. to 133 d.; E. V. Ki'ddiford, .Tutrumui, 12Jd. to 13d.; Evans Bros., Waiknnac, 13Jd.; 0. E. Cundy, Feabherston, 13d.; 0. P. Sorcnsen, Mara, IZd.; A. I. Mackay, Poekakariki, 12id.; E. L. Eiddiford, Orongorongo, 12d.; Perry Bros., Masterton, 133 d.; F. (i. Q. Roberts.- Palmerston Nol'tll, lZd. to 13id.; Ralph Mills, Kopai, 133 d.; D. H. Qodsfff, Pelorus, 12d.; H. DiUon, Masterton, 123 d.i Henry Hame, 'Oharitf, 131 a.; D. H. Speedy. Tenui, 13dc1.; I). Alexander, Featherston, 13id.; W. M. Cleland, Waiknnae, 123 d.; P., Gray, Palmerston North, 12Jd.; M'lntyro Bros., Apili, 12d.' .We sold croESbred fleeco wool from 14d. to 161(1.;_ lambs, 12d. to 13»d. and pieccs and locks sd. to Bd. Sheepskins and hides sold particularly well and we obtained top price for lambs skins at 12ld. per pound, ond ox hides made up to lid., and cow hides lOd. to 10Jd. per ib.' Vie estimate sheepskins id. to id. and cow hides Jd. to .id. Messrs. Abraham and Williams, Ltd., .report that the third crutching sale of . the season' was held yesterday, in injunction with the usual skin and hide sale. There was a large attendance of buyers, and bidding was keen,- for everything .-.offered. About 20C0 bales were offered. Fleece 1 wool sold at late rates; crutchings .were on an average id. higher than at tho sale last month." Skins were- a farbhing to a halfpenny higher. Ox hideawero on a par with, last sale's- rates, whilst cowb were higher by a halfpenny per lb. Messrs.- Miuaiay, Roberts, and Co., Ltd., report:'—ln conjunction with our regular sheepskin 'and hide eale.'wo held the third of: the season's sales ,of crutchings, our total offering being 540 bale 6. It was apparent from . the : outset that. buyers held some very good limits., Crutchings sold fully on a, par with the' opening sale of tho wintßr, recovering . tho decline apparent at June sale, superior -lots bring-, ing up to 14/ d. and in .one case even more money, a record being'established at 15id. •in the grease. Fleece .wool and lambs. also sold at advanced figures. -Sheepskins and hides also showed an advance in prices, and we obtained. Is. 1 : per lb. for a line of fine oroesbreds. ' Cow hides m<ido up to IOJd. and 01 up to lid.' Super calf brought, 103 d., with strong demand for all weights. The Wairarapa Farmers' Co-operativo Association, Ltd., and the United Farmers' Co-operative Association,- Ltd., report that the «:st lines of crutohings ruled as high as 3d. above last sale rates. Medium par .to .id.-better. - Any .seedy lines :were neglected and irregular. / _ . • The range of-prices was as under:— Wool.—Crossbred, medium,' coarse, 131 d. to.: 16d.; 'pieces and bellies, Bd. to 113 d.; locks and stained pieces, 4d. to M.; crutchings,' superior, 13d. to 15id.; crutchings, medium to good, lid. to 14Jd.: crutchings, seedy and inferior, id. to' lOid.; lainbs, l4d. to 15id.;' dead, 12d. to 16id.' Sheepskins.—Halfbred, llid. to ,113 d.; fine crossbred, lljd. to' IM.; medium to coaree crossbred, lljd. to lljd.; short to - halfwools, -71d. to lOl.'j dead and damaged crowbred. 63d." to 10id.; inferior and badly damagedi'Sd. to 7Jd.; lainbs, 9d. to 12id.; damp, salted, and-green, 2s. to ,12s. sd:; pelto, 2d. to 13Jd.; lambs,« salted,- ss. 9d.; 6kin pieces, 3d. , Hides.—Ox, heavy, 601b; and hp. IOJd. to lld.;> 01, medium, 501b.'. to -591b., 10 3-Bd. "to' lid. ; ■ 01,; light, -491b. and under, 9id. :to. 10|d.'; cow, heavy,'" 651b;- and' over,:9id.- to 101 d.; cow, medium, 421b. to 541b., 9d. to IOJd.;-cow, light, under 421b., 9M. to 10Jd.;' cut, slippy arid inferior,- 6d. to lOd.; bull stag. 7ga.; yearlings (161b. to 241b.), 9j>d. to 9|d ; calf,-medium to good, 9d. to 10 3-Bd.; call, damaged, sd. to 9id. , Tallow.—ln. casks, 255. id. to 265. 6d.; in tins; 225. to 245. 3d. j Cowtaals— Is. 6d. to.ls. 7d. , Customs duty ■ collected-at the port of Wellington, yesterday amounted to £1736 9s. 9d.' . .' - . , ... ■ SOUTHEEN MAItKETS. , (By Telegraph.—Press Association.) . : ' C.hrlstchurch, July 9. There is.no business to report, in the grain market, there,-', being little . offering, and at ; the' same'time , there 1 is riot much inquiry; , Oatsheaf chaff' ia very firm • at £7 Ite. to £7 15s; at country stations, and. supplies are ...scarce, :Ther® is also a demand for!6traw<chdff at £4' for. oat. a,nd £3 peri wheat' straw. : Potatoes' are firm.er; as there'is ; good- demand for shipping, and little inquiry: is now,' being made from the 1 North, Island. The price offered is £5 15s._ to .£6.at..country, stations, and there are*at present not:many, offering, LONDON WOOL 6ALEB. '' : CEOSSBBEDS IN DEMAND. . By Telegraph—Press' Association—Copyright London, July u;. . At the wool -sales merinos were firm. There was good competition for' stylish crossbreds, but shabbier wero slow of sale. Prices were irreguJair,: and in buyere' favour., :Thie following prices -were- realised for the fleece portions of the olips named: Ncwstead, top price 18d., average 173 d,. New Zealand: Okare, l«d. and:isd.; Walter Peak, 32d. and 29id. : ; okirae.lßid.idnd 17d,; 'IVirar dale,'l6d. and ,15jd.-'- - -; " ; Messrs, Levin and Co., Ltd., have received cable advice from their, London agents, that the following- clips have been sold on their, account; at .the bales now .current. : The. prices ..named are the , average price realised for .the fleece wool in eacht-in-' Masterton, l?£d.; HOMEWOOD, . Jtasterton, .178 d.; KAHUMINQI,. Masterton, 17id.; FSOK, Master-CEOSSKEY-S' W A, Mast-erton, ISd-i TE EANAWA, Olrnu, 18d.;i OHAU, Ohau, 165 d. :... -VICTORIAN PRODUOE MARKETS. By Telegraph—Press Aseociation—Copyright -Ji " Molbourne, July 9../ Wheat, nominal; . 7s. lid; Flour, £17. Oats,_ (4arton6; ss. 6d.; Tasmanion -whites, ? B ,' ®%:}R 5s - M;j Japanese, 4s. 3d. to 4s. 6d.r Ohihan, -4s.'. lOd. to 4s. IOJd. Maize, £s, 3d. to ss.'3id. Brau, £10 ss. Pollard, £11 ss. ' Potatoes, £10 to ,£lO 10s. ' Onions, £8 1/S, to £9. ■, BANK OF ENGLAND'EETTORN. (By Telegraph.—Press Assn.-Copyrightj, - London, July 8. The Bank of England return issued for the wrak 'ended' .Wednesday, June 7, is as under;— v v . " ISSUE Department.

GOVERNMENT SECURITIES. The 'following are the latest quotations for Colonial Government securities in comparison with those ruling-last week

MONEY. IfAEKET. Tile Bank of England discount' rat« 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 3 per cent. On July 30 the rate was raited to 4 per cant, and on January 28 3 per cent., and on. August 1 it was further advanced to 10 per cent. On August 6 th® rate was reduced to 6 por cent., on Auirust 7 it was further reduced to 5 per cent., a.t "iThich rato it now stands. ■ Tho Bank of Franco rate. is 5 per cent., es against 4 per cent. Inst year. .: OPEN MARKET HATES The open market discount rato for threo months' bills is 4J per cent., as compared with 44 per ccnt. last week, and 2 por ccnt. last yeaj. .Short loans aro quoted at 1J par cent., B6 against 12 .per ccnt. last week—and lj per cent. la,st year. COLONIAL AND OTHER,' PRODUCE. Whea,t.—The miorkot is firmer, but thcro Is flow demand. Indian wheat is 6d. dearer; 525. has been offered for Australian wheat afloat. Flour.—The improvement iu tic market is maintained, but buycre are reserved. Thti trade is quiet. Oa.ti.-XIM Is elcft, ■ twi<tl»B M Rihla BlwKft, July-August

[ Peas-Market auiet. New Zooland blues, 60s. to Ms. .... • . - Beans—Jtarkot steady. Prices unaltered. Butter—The" butter market- is steady. Australian. 1365. to 1405.; New Zealand (nominally), 1465. Cheese.—The markot ifc very slow. The Government is buying sparingly. The Waipara's Australian consignment sold at 84s. to 88s.; New. Zealand white, 925. to 945.. and coloured 9(te. to 925. Bradlord Tops.—The market js quieter. There is fair inquiry, for early delivery. Prices are firm and unchanged. THE MINING MARKET. Copper.—On the spot, £77 15s. to £17; three months. £79 to £79'55. : Tin.—For forward delivery, £165 10s. to . Pig-iron.—Middlosbro' No. 3, 675.* 7id. per ton. Lead—Soft foreign, £23 153. to £24 per ton. - Silver—Bar 6ilver Is auoted at" 22 9-15(1. per ounce standard. :

Notelsaua £70,676,000 Gov. debt ...' £11,015,003 Other securi- ! ' . ■ ties , 7,434,COO •: . 1 Goia ... 63,227,000 . - £70,676,000 £70,676,000 BANKGiQ DEPABIMESI. •Proprietors' Gov.sccuricapltal : £14,553,000 ties... £51,043,000 Fublicde- < Otherfiecuri- ' poBita •. ■,67,899.000 . tics... ... 137.918,000 Other do- ' . ' posits ... 139,859,000 - Notes.... ... -85,603,000 Best, 7-day .• '> and other ! . . i, . / 1 . bills .-.,. 3i291,00q Coin 1,038,000 ..y £325,603,000 . , . . £325,602,000 The loading items of the Bank of England return afford tie foUowine compari.' son:— • '. This week Last week Lastyear £ ; £ ■. ' £ "• Bullion .... 63,227,000 61;OSO.OOO 37.004,000 EOBOIVO.... 36.641,COO 35.005,000 • 28,519,000 Note Circulation 35.073,000 34.636.000 29,531,000 Public Doposita .67.699,000 81,651,OCO 12.580.000 Other Deposits 139,859.000 140,654,000 43.768.000 Proportion of reserve to pliabilities . 17.63 '26.16" 50.58

.. . , ' . Variation. Stock, v , compared '. v • . ' . Price. with ' ■ - ■ • ■' last week.. ■£ s. d. ■ .. ■ 2}% Imperial Consols. 65.1 3 ' Unchanged 4 ',.N-S.'W.1033Jan,-July 95 2 6 ' 2/6 higher „N.S.\V.1030-50Mr.-Sp 95 . 5 0 6s lower 35. „N-S.W. Early Curr B3 5 0 Unchanged 8 „N.Si W. 1925 Apl.-Oct 7B 0 0 Unchanged 4, „ Vic. 1920 Jan.-July 95 7 6 Uncliansid 3i„Vic. 1921-6 Jan.-July 01 5 0 3/6 lowor 3 ,.Vic.l029-49Jan.-July . 78 0 0 Unchanged Si „S,A. 1016 Jan.-July 85 5 0 . Unciangod 3 „8.A. 1316 Jan.-July . 70 0 0 Unchanged 4 „QTi 1915-21 Jan,-July 95 5 0 63 lower 34 „Q'rdl9J2-47Jan.-July 9110 0 Unchanged 3 „QTd 1922--17 Jan.-July 71 10 0 Unchanged 4 „N.Z. 1920 May-Nov. 05 0 0 Unchanged 81 ,.N.Z. 1012-10Jan.-JuIy 63 5 0 Unchanged 3 „N.Z. 1920 April-Ocfc. 76 0 0 Unchanged Si.W.A.1915-35May-Nov 87 10 0 Unohanged 3' „\V.A,1915-35May-Nov 83 0 0 Unchanged 31 ..Taa. 3920Jan.-July 85 10 0 Unchanged ,.Tag. 19-20-10 Jan.-July 76 2 6 Unchanged