COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2747, 15 April 1916, Page 8

COMMERCIAL ITEMS

INVESTMENT SHAKES. Yesterday's quotations for investment shares were as follow:— „ ~ Buyers. Seilerfl. '" £ s. d. £ s. d. National Bank, 5 5 - Bank N.Z.' (£6 13s. 4d.) ... U 13 6 -- « National Mortgage „ ...- 316 6 — Well. Dep. jind. Mort — 0 J' 0 Wellington Gas (£10) — 1610 0 National Insurance 211 6 tStandard Insurance 1 17 0 1 — Huddart-Parker lord.) ... 1-20 , .• — Union Steam (ord.) 110 0 — Well. Woollen (ord.) 5 4 0 - *Waipa Coal 019 0 — Westport Coal,. il 810 ljeyland-O'Bricn 1 2 U — W.P.C.A. ',(£5) ' 517 6 - ♦Cum div. . ' The sale' of Loan and Mercantile stock, reported yesterday at £75, 6hould have been shown as a sale of preference stock. . , Customs duty collected at the port of Wellington yesterday, amounted to £2291 Bs. lOd.

SOUTHERN MARKETS. By Chrlstchurch, April 14. The wheat market is quiet. Quito as much {,-ruiti is offering as apparently is wanted, and the demand is not very active. Tuscan is still selling at 4s. 2d. to 4s. 3d.; Hunter's, 4a. 4d. to 4s. 5d.; pearl, 4b. fid. to is. 7d. at. country- stations, but tho latter, offered in a straight line, would probably command a little rnoro money.' The demand for oats is not very brisk in view of tho weaker tone of the Southland market. A fairly large quantity of Garton's was purchased at ?,s, at country stations, Potatoes are weaker, a larger (luantity now offering. Sales have been made at £4 10s. - More buyers are offering £4 ss, at country stations. A difficulty in getting shipping space per the Auckland eteamers for that port- is expected next week. Pollard is scarcer, and is now quoted at £{ Ids., a rise of 10s. WOOL, SKIN, AND HIDE SALES. Tho fortnightly sales of wool, skin, and. hides were held yesterday by the various brokers. Messrs. Dalgety and Company, Limited, report that they offered a fairly large catalogue of (adgo aud bag wool, as well as sheepskins and. hides. Competition for wool was very keen, and, compared with last sale, prices were slightly hotter. Hides word, in good demand, and prices showed an increase of up to 2d. per lb. Prices for tallow were slightly easier than at last sale. . , , Messrs. Levin and Co. report that no wool-was offered, except a few odd fadges, the wool being held, for the next sale. Pine medium and coarse crossbred sheepskins wore stronger again by id. to i(l. Tho partial and conditional removal of tho embargo, where by the export of hides is permitted after tanncre have taken 10 per cent, of supplies at fixed prices, had tho effect of hardening prices to the extent of lid. to 2d. per lb. on all classgs. Messrs. Ahranam . and WilliamSr Ltd., report that wools and skins sold at last salos' prices. Since the embargo on hides has been altered to allow of SO per cent, of hides to be exported,. prices liavo advanced ljd. to 2d. per lb. • . - Messrs. Murray; .Roberts and Co. report that they submitted a catalogue of about 2000 sheepskins and 600 hides, besides a small quantity of wool in bags and fadges, and oddments; of tallow. Prices for wool and sheepskins were fully on a par with last sale, competition being general. There was "a, remarkably good sale, for hides, : prices showing an advance of lid. to 2d. per lb.-, due to the lightening of the embargo on export. Competition was keen and animated for all lines. Tallow sold at last sales' rates. ' Messrs.. W. and G. Turnbull. and Co., Ltd., report that prices for sheepskins ' were' on a par with last . sales' rates. Heavy hides showed at an appreciation up to 2d. per lb., this rise' being duo to the .Government's action in partially lifting, tho "embargo of this class of hides. Other sorts sold up to last sales' Tates. , , ' The New Zealand Farmers' Co-operativo Distributing Co., Ltd., advise that wool m ■fadges and - .bags sold at. rather better >ates than at the preceding sale, competition being more general on most lots of clean wool. Sheepskins were well competed for at full rates. Hides were in better domand as a result of the export ,embargo being modified, and prices show an odvanco .of ljd. to 2d, per lb. on some of the heavy-weights. •. . s : The Now Zealand Loan and Mercantile Agency Company, Limited, Teport that they offered a few bag lots of wool, and'considerable quantities of sheepskins and 'hides, and a few lots of tollow. The market for wool end skins was -rather' weaker than last sale, but hides and calfskins were higher by Id. to lid. per lb,, and in eome cases Zd. per lb. for sound lots, than last sales.. Heavy ox were sold UP to 12d* and cow hides to 10jd.; calfskins, froui lid. to 12id. for best. Sales wero also held by the United Farmers' Co-operative Association and the Wairarapa 1 Farmers'. Co-operative Association. The range of prices was as under:— Sheepskins: Halfbrod, lQld. to lid.; fin© crossbred, 10 id. to lid.; medium' to coaree crossbred, lOd. to IOJd.; short to half-wools, 6d. to IOJd.; doad and damaged- crossbred, 6d. to 9^d.; inferior and badly damaged, Id. to 6id.; lambs,-6Jd..'to Hid.; damp, salted, and green, 4s. Bd. to 86. 6d.; pelts, ,6d. to 2e. 6d.; lambs, Ealted, 3s. to-6s. 7d. Hides: Ox,-heavy, 601b; ,up. 12d.; ,ox, rnedium, Hid. to 12d.; ox, light, 73d. to lOId.; cow, heavy, 9d. to 103 d.; cow, medium, 9d. to lid.; cow, light, 93d. to 10Jd.; cut, slippy, and inferior, 6d. to 10d.; bull,-stag, 63-Bd. to Bgd.; yearlings, Bd. to 103 d.; calf, superior, -10d. to-lMd.; calf, medium to good, 9d. to lOd.; calf, damaged, 60. to ?*d. Tallow:. In casks, 275. to 285.; in tins, 16s. to 245.' 9d. . '.-ii Sundries: Horsehair, Isjd.; cow toils, Is, ' ' SHEEPSKINS. " The New Zealand Loan and Mercantile Agency Company, Limited, have received •tho following cablegram from their London house, under dato April 13-.—''Sheep-■ skins: Merino and ■ short' crosshreds, Ad. dearer." . LONDON WOOL SALES. By Telegraph—Press Association—Copyright ! , 1 London, April 13. At the wool sales there was good competition. All classes were harder, especial:, ly merinos. Prices realised:—Wannon, 30id. (top), 28d. (average); Nivedowns, 18id„ 16Jd-; Thurulgoona, 29d„ Mid.; Peakdowns, 21d„ 181 d.; Campbellhouse, 15 W„ 15Jd. New Zealand: Gear, 24d., 20Jd. Messrs. Dalgcty and Co., Ltd., report having received the following cablegram from their London house, under date April 13:—"Wool sales continue very firm. As • compared ■ "with closb of Mcircli gslcsi merinos are 5 per cent, higher. Crossbreds are about par,, except shabby and medium qualities, which are occasionally }d. lower; lambs are dearer. Sheepskins: Merinos are quoted.at'id. to id. dearer; crosshreds. are unchanged, as compared with March 2." _ . '. v, Tt j Messrs. Murray, Roberts, and Co., Ltd.,. yesterday morning received a cablegram, from their London friends, Messrs. banderson, Murray, and Co., under date April 13, as follows:—"Merino wool' advanced ti per cent.; merino sheepskins advanced id. to jd, per lb.; crossbred unchanged. YICTOR-lAN PRODTJCEHARKET. Melbourne, April 14. Bran, £4 15s. Bran is almost unobtainable at 15s. premium on £5 ss. Barley, Chevalier, 4s. 6d. to 4s. 9d.; Duckbill, 4s. 2d to 4s. 4d. Oats, milling, Algerian, 2s. id +« 2s 2d.; feed, Is. lid. to 2e; Id. Potatoes, £4 10s. to £4 15s. Onions, £3 10s. to £3 16s. v , BANK OF I 'ENGLAND RETURN. By TeTegraph—Press Association— Copyright London, April 13. The Bank of England rotura issued for the week ended AVednesday April 12, is as under:— Issue Department. Note Issue £75,205.000 . Gov. debt ... £11,015,000 Other sccurifcies 7,434,000 Gold i 56,846,000 £75595,000 £75,295,000 Banking Department. Proprietors' Gov. sccuricapital £14,553,000 ties £38,168,000 Public do- Other securlposits ... 68,803,000 ties 90,545,000 °p h o° s itf'... 79,961,000 Notes 41,637.000 Rest, 7-day and other bills - 8,130,000 Coin ' 1-077.Q00 £166,447,000 " £166,447,000 The leading items of the Bank of England return afford the following compari'on' This week Last week LaEtyear £ £ £ Bullion 66,846,000 65.448,000 53.919.0C0 Reservo - 42.711.000 41.042,000 80.176,000 Note Circulation 33.658.000 33,875,C00 34,568,000 Publio Deposits 68,803.000 69.016,000 104,157.000 Other Deposits 79,961.000 87,749,000 102.969,000 Proportion of reservoto _ liabilities 28.70 26.03 18.-0 GOVERNMENT. SECURITIES. The following are the latest quotations for Colonial Government securities in comparison with those ruling last week:— Variation . compared stock Price. with last week. •£ 8. d. 2j°o Imperial Consols 67 5 0 5s higher' 3j War Loan b7 7 6 6s higher 14 „ War Loan 96 17 6 5s hifjlior . 4 N.5.W.1033Jan.-July 81 0 0 2/6 lower di 'N.5.W.1930-£OMr.-Sp 95 12 6 Unchanged 3i .'iil-SAV- Early Curr 70 10 0 12/0 higher 3 M,8.W.1885Ap1.-Oct 70 0 0 5s lower 4 '.Vio. 192QJan,-July 91 7 6 Es lowor 3j ".Vic. 19-21-6 Jan.-July 63 17 6 5s lowov • 3 Vic. l!)20-49Jan.-July 60 5 0 70s lower 31 "s,A. 1016 Jan.-July 72 5 0 10a lower 3 ".H.A. iillG Jan.-July 58 2.6 2/6 lower ■1 'Q'rdl9ls-;24Jan.-July 90 0 0 6s lower 34 ','|Q'rdl92i-47Jan.-July 86 15 0 2/61owor 3 „Cl'rdl92'2-470au.-July 63 6 0 Unchanged j "K.Z. 19-29 Jlay-Nov. 35 7 6 7/6 lower 31 "N.Z. 1912-40 Jan.Jly '72 1-2 6 6s higher 3 "N-Z. 19-20 April-Out 03 7 6 5s lower 31 '-W'.A. 1915-35M'y-N'v 74 2 6 7/6 higher 3 "\V A 1915-35 M'y-Nov 68 0 0 25s lower 31 "a'as'llHU tlan-Jiily '72 10 0 5s higher 3 "Tits 1920-40 Jan-July 63 10 0 Unchanged MONEY MAEKET. The Bank of England discount rato was on January 2, 1914, reduced from 5 to 4i pel' cent., on January 22 it was reduced to 4 per cent., and on January 28 3 per cent. On July 30 the rate was raised to 4 per cent., and oil July 31 it was raised to 8 per cent., and on August 1 it was further advanced to 10 per cent. On August 6 tho rate was reduced to 6 per cent., on August 7 it was further reduced to 5 per cent- at which rate it notv stands. The Bank of Franco rate is 5 per cent,, as aeainst 4 dm cent. j«i«n to tho .w,

OPEN MABKET RATE, The open market discount rato for threo months' faille is 4 9-16 per cent., as compared with 4g per cent, last -week, and 3& per cent, last ye<u\ ShoTt loans are quoted at 4 per cent., as against 4i per cent, last "week and 1&. per cent, last year. COLONIAL AND OTHER PRODUCE. 1 1 "Wheat—The market is firm, in 6ympathy wityi America; 675. 6d. asked for New | South Wales sailer afloat. Flour.—Market Arm. I Oats.—Market very firm. La Plata, none I offering. | Bean.—Market quiet;' priccs tonding lower. Peas.—Market quiet. Prices firm. Butter.—The market is steady. Danish, 1745. to 176 d.; Australian, choiccst. in small supply, nominally 158s. to 160s. Bulk offerings consist of secondary; moderate demand at 150s. to 1545. New-Zealand, choicest, 1625. 'to 1645.; secondary, 156e. to 158s. Cheese.—Market very firm. Bulk arrivals are filling Government contracts. Strom? demand for remainder. Now Zealand, 105s. to 1065.; Canadian, lOfls, Sugar.—The market ie unchanged. ' Bradford Tops—At the' Bradford market 1 1 thero '"was considerable- inquiry, and a stronger tone for all sorts. Priccs quality, per lb., 42d.; 60's Buper, 41d.; 6Q's common, 40d.; 56'e, 26M.; 50'5,.31d.; 46's, 26a.; 40's, 26d. METAL MARKET. London, April 13. Silver.—ln bars, 30£ d. per ounce standard. Copper.—Standard, for ca«li, £124 to £124 10s. per ton; forward delivery, £120 t6 £120 10s. , Tin. Straits, cash, £199 to £199 10s. per ton; forward, £193 to £199 10s. Lead.—Soft foreign, £35 ss. to £35 7©. 6d. per ton. Spelter.—6.O.B., cash, £100 per ton; forward, £90. ' ' ' MINING NEWS WELLINGTON SHARE MARKET. For mining shares, the following were ■ yesterday's quotations\ 1 liuyers. Sellers. & s. d. £ fi. d Success Drwjgo — 111 0 Talisman ,0 1111 — Woihi 115 3 — DREDGING RETURN. ' Success Gold Dredging return is 460z. for 112 hours. STOCK EXCHANGE. By Telegraph—Press Association. . Auckland, April 14. Exchange sales:—Talisman, _125.; New Zealand Insurance, 1235.; Union Steam,. 30s. 6d. ■ Dunedln, April 14. Stock Exchange salesWcstport Coal, 295. 4d.; Electric, 3s. 9d. (reported): Edna May Deep Levels, 28s. 3d.; Motional Mortgage, 765. (d. . ' LONDON MINING QUOTATIONS. By Telegraph—Press Association—Copyright London, April 13. \ Shaie market quotations include: Broken Hill North, 475. 6d. (huycrs), 48s. 6d. (sellers); Hampden-Cloncurry, 425., 435.; Wailii, 335. 6d., 345. 6d.