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COMMERCIAL ITEMS

INVESTMENT SHARES. There wero no transactions in investment shares yesterday. Tho quotations wero as (Under:— I Buyers. Sellers. £ 6. d. £ a. d. National Bank 5 0 0 — Bank K.t, (£ 13s. 4d.) .... 16 9 6 tUfiion Dsmk ..; 49 5 0 —■' National Mortgago 3 17 0 — Loan and Mercantile (ord.) — 82 0 0 Loan ana Mercantile (pref.) — 83 10 0 N.Z. and River Wale ... 2 0 0 Gisborne Gas 112 0 — Napier Gtis (£5) — 9 0 0 Onion Steam (ord.) ........ 1 a 3 17 3 Well..Woollen (ord.) 5 2 0 - Well-. Woollen (pref.) ...... 3 8 0 — ;Wcstport Coal 18 0 — . N.Z, Drug ....'. 2 4 6 — , Sliarland (ord.) 14 3 — Sliarland (pref.) 14 3 — Ward and Vo 5 10 0 — Kauri Timber (Ws.) 0 14 0 . — , fEx div. • [ WOOL, SKIN AND HIDE SALES. Messrs. Dalgety and Oo;, Ltd., report that compared with last sale, prices for skins showed an increase of id. to 3d. pec lb., aifiu quotations for tallow %vere firm at late rates. Owing to lack of competition for Slides, on account of the recent embargo, prices wero slightly easier. Messrs. Levin and Co. report that only. a few odd fadges of wool were offered, wool beiug held for the next sale. The sheepskins market was very firm at an advance of a further three farthings. Notwithstanding the embargo on the export of hides over 441b. in weight, tho market was firm, and showed only Id. drop. Tallow was .firm. Messrs. W. and G. Turnbull and Co., Ltd., report offering wool (oddments), sheepskins, hides, etc. Competition was exceedingly keen, throughout the sale. Good crossbreds combing skins showed an advance of *d. to Id. per lb.. For fine crossbreds the firm topped the market at 13id. per lb. Hides were very firm, and calf were in sellers' favour. Tallow was in good domand at late rates. Sales were also held by the United Farm-'" ers Co-op. Association and the Wairarapa Farmers' Co-op. Association. The range of priccs was as under: — Sheepskins.—Halfbred, IOJd. to 13d.; fine crossbred, 13d.; medium coarse crossbred, 10jd. to l?,td.; short to half-wools, 6Jd. to 10d.; dead and damaged crossbred, to lid.; inferior and badly damaged, Id. to 6i?d.; lambs, badly damaged, 63d. to 113 d.; damp, salted, and' green, 3s. lid. to 12s. Id.; pelts, Is. 3d. to 4s. 3d.': lambs, salted. 2s. IGd. to 6s. Id. Hides.—Ox, heavy, to ligd.; ox, medium, IOJd. to llid.; ox, light, 9 3-Bd.; cow, h«avy, 8 3-Bd. to 9d.; cow, medium, BJd. to ?Id.; cow, light, 9d. to 93d.; cut, slippy and inferior, 6d. to 8 3-Bd.; bull, stag, sid. to • 7id ; : yearlings, 6d. to fid.; calf, medium to: good, Bd. to 10 3-Bd.; calf, damaged, 4d. to 9id.\ '. casks, 235.; in tins, 235. .. Sundries.—Horee hair, 101 d. to l<id.: cow tails,, 12d. •_>r e Zealand Loan and Mercantile Company, Ltd., report having submitted a, fairly large catalogue of oddments of wool in bales, also bag wool, and good catalogue of skins, hides and calfiilDil* There was good competition for all lines. Wool sold particularly well, also I full-woollod skins, which wero higher by | about idi per lb. Heavy hides were slightly lower in consequence' of the embargo on export of heavy sorte. Light hides wero lin good domand at lato rate 6.

SOUTHERN MARKETS. By Telegraph.—Press Association. Cliristchurch, February 4. The wheat market is without change. Buyers . are endeavouring to eccuro supplies at ss. at country stationsASome sales havo been made at this figure. A line of 10,000 bushels of prime milling wheat, including nearly 3000 bushels of Pearl, and tho balance Hunters and Tuscan, changed, hands at ss. l.d. afc the station, with 13d. railage. There is not a lergc quantity of "wheat offering. ' Apparently growere are not at present desirous of selling. Veryfew oats are coming on the markot, lots being f mostly small. There is no change 01 prices in the barley market, tho price remaining ttye 6ame; ss. 6d. is tho top price for prime malting importations made in Australia to make up the shortage in the New Zealand crop. Oatehcaf chaff is ditil of sale. The demand is purely local. It is diflicult to place a value on cocksfoot. On account of the shortage growers are asking extreme prices. Merchants are not keen to buy, being afraid of the difficulty oi reseuing.- Sales have been made at Bd. ana 9a. for good samples. No forward business is yet roportcd in potatoes. It v, said that early potatoes were shipped itpm .Auckland and Wellington to Sydney wnere high priccs were ruling. There is little nusiness in onions at £2 10s. to £2

' FROZEN MEAT MARKET.' , Gilbert Anderson and Co. (Messrs. Mcllsop, Eliottr and Co., Palmerston North, local agents) report on the frozen meat market, under dato London, December 17. as follows:— Home Grown.—Arrivals on Smithfield show an increase; of 321 tons compared with similar week last year, but 1562 less ContmeiUal. There was a'fair inquiry, and prices a shade firmer. Pork in good demand. Frozen Mutton.— I There is an extraordinary demand for mutton. of any description, but the finishing up; of Australians and the us© of the New Zealand wethers for military purposes leave eiiecp verv scarce. Frozen Lamb.-There is a great call for heavy lambs, 'and as London stocks of these artv nearly depleted buycTs'here are assisting Bristol to clcar their accumulated stocks by railing them to London, but the prices are sufficiently low to allow for the ra.il charges and other expenses and still leave a profit-on the deal. Frozen - Becf.-Vftlucs rule as last week, but the inquiry is very'good; wo look tor high priccs in the Keiv Year when tho homc-growii 13 less plentiful. LONDON WOOL SALES. By Telegraph—Presß Asaoolatlou-Oonyrlibi (Rec. February 1, 10.15 p.m.) London, February 3. At tho wool sales thcro is very strong competition at full rates. Crossbrcds aro harder all round. Tho arrivals to dato, including tho Muxitai's and Orari's shipments, total 180,500 bales. Tho Ruapehu's lot arrived too lato to bo included. So far 93,00.0 • bales have boen forwarded direct to the manufacturers. r, WEF/AT. , London, February 3. Wheat.—Market firm, occasionally 6d. dearCT. ' NELSON BEOS. London, February 3. kelson Brothers' final dividend for tho year ia-4 per cent., -with «. bonus of 2 per cent. Added to income tax reserve, £25,000; brought forward, £23,000. VICTORIAN PRODUCE MARKET. Melbourne, February .4. Bran, £3 10s. Pollard, £fi. Barley, English, 3s. '10a. to 45.; Cape, 2s. lOd. to 2s. lOi-il. Oats, milling, 2s. 2Jd. to 2s. 3d.; feed, 2s. to 2s, 2d. Maize, 6s. to -6s. 3d. Potatoes, £13 15s. to £14. "Onions, £3 to £3 ss. CHRISTCHURCH MEAT COY.

ANNUAL MEETING. By. Telegraph.—Press Association. Christchurch, February 4. The annual mooting of the Christchurch Meat Company was-held this afternoon. The report stated that in order to meet the crowing raiuirenicnts of the company's uu6inej6 the directors issued' debentures for £150,000. These, on being placed ou the market" towards the end of July, were heavily over-subscribcd within the Dominion before the allotment date. After mailing provTslon "or repairs, renewals, and alterations, the balance available for appropriation was £65,469 1 ss. lCd., which the directors recommended should be disposed of to pay a dividend of 4 per cent, for the half- . year ended October 31, 1915 (making 8 per cent, for the year); £6769 to pay «, bonus

15s. to a second subscription to the Patriotio Fund (making a total of £5000 to uu.lo), and .£3OOO to add Lo the general assurance reserve account, leaving an amount to carry forward of £30,624 os. lOd The report was adopted. BANK OP ENGLAND RETURN. (li-ec. February 4, 10.15 p.m.) London, February 3. The Bank of England return issued for i!\o week endcil Wednesday, February 2, is as under" ' Jssce Department, Koto Issue £70,733,000 Gov. debt ... £11,015,000 Oilier securities 7,434,000. Gold 82,iba.000 £70,738,000 £70,788X00 Banking Deimutjient. Proprietors' Gov. securicapital £14,553,000 tics... ... £32,830,000 Public do- Oiliersecuriposits ... 58,246,000 ties 105,1-10,000 Other deposits ... 98,584,000 Notes 36,539,000 Rest, 7-day and other bills ... 3.535.CC0 Coin 400.C00 . £174.918,000 ' £174,018,000 The leading items of the Bank of England return afford the following comparisou This week Last week Lastyear Bullion 62.269.C00 51.777.000 06.516,000 Reserve ... 36.030,000 36.845,000 51,272.000 Note Circulation 31.109.000 33,829.000 34,827,000 Public Deposits 5#246.000 62,675, CM 38,611.000 Other Doposits 08,584.000 100,061,000 123,937,000 Proportion of reserve to liabilities; 23.55 22.49 31.53 GOVERNMENT SECURITIES. Tha following are the latest quotations for Colonial Government securities in comparison with those ruling last week:— I Variation I st t compared 610011 Price. with last week. £ s. d. 21% Imperial Consols 58 17 6; 2/6 lower 3J „ War Loan 88 2 6' 22/6 lower 44,, War Loon 97 0 0 40/-higher i ~N.5,W,1033Jan.-July l; 3 7 6 32/6 lower Si ..N.S. W .1930-50iMl'.-Sp 05 0 0 20/- lower 3i „N.S.W. Early Ciu-r 81 10 0 45/-lower 3 ..N.S.W. 1025 Apl.-Oct 70 0 0 160/-lower 1 „Vic. 1920 Jan.-July 03 15 0 5/-lower 3i „Vic. 1921-6 Jan.-July 85 5 0 120/- lower 3 ~Vic. 1929-49Jan.-JuJy 65 0 0 253/- lower 34 „S,A. 1016 Jan.-July 73 0 0 246/- lower 3 ~S.A. 1916 Jan.-July 67 10 0 60/- lower 4 „QTd)9ls-24 Jan.-July E9 10 0 110/- lower 3i ~QTd1922-47Jan.-July 86 15 0 90/- lower 3 „Q'i'dl922-47Jau.-July 63 0 0 230/- lower 4 N.Z. 1929 May-Nov. 87 0 0 160/- loivcr 3j N.Z. 1912-40 Jan.Jly 72 0 0 225/- lower 3 fc;Z. lOaOApril-Oct 63 10 0 250/-lower 3$ 'W.A. 1015-35M'y-N'v 76 0 0 230/- lower 5. .SI A - I MS -'J5M'y-Nov 68 10 0 270/-lower 34 Tas 1020 Jan-July 71 10 0 275/- lower 8 Tas 1920-40 Jan-July 66 1 3 2M/- lower . MONEY MARKET. The Bank of England discount rate was on January 2, 1914, reduced from- 5 to 4\ per cent., on January 22 it wa6 reduced to 4 per cent., and on January 28 3 per cent. On July 30 the rate was raised to 4 per cent., and 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 roduced to 6 per cent., on August' 7 it was further reduccd to 5 per cent., at which rate'it now stands. The Bank of France rato is 5 per cent,, as against 4 per cent, prior to the war.

OPEN MARKET BATE. • ' Tho ope'xj market discount rate for three months bills is ii per cent., as compared with 5 o-16 por cent. Jaet week and 13-8 per cent, last year. f Short loans aro quoted at 4J per cent., as against 1 15-16 per cent. last, week, aud 3 of 1 per cent, last year. : COLONIAL iJ!D OTHER PRODUCE. Wheat is quiet but fi rm , cargo of Aras-tra-lian has been sold at 725. . Flour is auiet, but firm. Oats aro firm. Bahia Blanca, FebruaryMarch shipment, 335. Beans and peas are firm and unchanged. Butter is quiet. Danish-is unchanged, Thero is very little Australian offering. Choicest salted, 1425. to 1465.; unsalted, 156 a. to 1585.; New' Zealand, salted, 1465. to 15Cs.; unsalted, 1625. -■Chee6e is slightly easier. New Zealand. ?7s. to 98s. Sugar is unchanged. ' ; Bradford Tops—The current quotations arc: Sirty-fours, 45? ( d.; su>per 44id.; common sixties, 431 d.; fifty-sixes, 40d.; fifties, 34d.j fortj'-sixes, 30>.d.; forties, 28Jd. . < ! METAL MARKETS. Copper .-Oil spot, £94 15s. per ton; forward delivery, £94; electrolytic, £126 to TLn.—On spot, £178 ss.' to £178 7s. 6d. per ton. Pig ; iron.-87s. 9d. per ton. Lead.—Soft foreign, £31 per ton. Spelter.—On spot, £88 per ton; forward delivery, £82.

Permanent link to this item
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https://paperspast.natlib.govt.nz/newspapers/DOM19160205.2.58.7

Bibliographic details
Ngā taipitopito pukapuka

Dominion, Volume 9, Issue 2687, 5 February 1916, Page 8

Word count
Tapeke kupu
1,908

COMMERCIAL ITEMS Dominion, Volume 9, Issue 2687, 5 February 1916, Page 8

COMMERCIAL ITEMS Dominion, Volume 9, Issue 2687, 5 February 1916, Page 8

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