COMMERCIAL.

Gisborne Times, Volume XLV, Issue 3990, 24 July 1915, Page 2

COMMERCIAL.

' STOCKS AND SH A RES. AUCKLAND EXCHANGE. By Telegraph—Special' Correspondent AUKLAND, July 23. Sales: Watchman, 4d.

LONDON FINANCE AND COMCIA L. BANK OF ENGLAND RETURNS. (United Press Association -Copyright.) (Received Julv 23. 5.5 p.m.) . LONDON, J uly 23. The Bank of England returns for the week ending Wednesday, July 21, compare, with the returns for the previous week as under:— ,

.Proportion of reserve to liabilities: July 21, 18.09 per cent; July 14. 17.57 per cent. The large changes in deposits and securities are due to subscriptions to the war loan. THE MONEY MARKET. Short loans are quoted at 4.) per cent, as against 3 per cent last week. The discount rate for three months’ bills is 5 per cent, being unchanged since last week. CONSOLS AND COLONIAL STOCKS Consols are quoted at £65, being unaltered since last week. Following are the quotations for Colonial Government stocks:—

THE SHAPE MARKET. Buyers. Sellers, s. d. s. d. Wailii ... ... 36 3 38 9 Junction ... 29 < 21 10 METAL MARKETS. Copper.—On spot, buyers £75 ss. sellers £75 1.0 s; forward, buyers C7<> 12s 6d, sellers £76 17s 6d. Tin.—On spot, havers £lO5, sellers £165 10s; forward, buyers £l6l 15s, sellers £162 ss. Lead. Buyers £2l 10s; sellers £24 15s. Silver.— Bar silver is .-.noted at 22 7-16 d per ounce standard. SUGAR, Sugar is steadv and unchanged. DATRY PRODUCE, Danish butter is very firm owing to a strong demand from Germany and Holland, where Foot and .Mouth Disease is prevalent. Colonial supplies are practically exhausted. -Australian is nominally 13Ss to 1425. Cheese is very slow. New Zealand 76s to 78s : Queensland .71s to 765. CEREALS. Wheat- is cuiet and steady. Flour is firmer. Oats are steady. New Zealand 375; Bahia-Blanea Julv-August 25s 3d. Peatis and beans are firm at full prices. p THE WOOL MARKETS. (United Press Association- •■Co-;yright.) (Received July 23, ->.5 p.m.) LONDON. July 23. At the wool sales there was a keener demand and general competition and an all-round hardening in values, except for shabbies. The following prices were realised for tho fleece portions of the New Zealand clips named : Tokomaru. top price, 17kl, average IGJd; Gerald 14d and 12d. 'Hie sale included 1213 bales of English wool, which was mostly withdrawn. Washed Hamoshire Downs fetched 23d and greasy 16-kl. The Bradford market is steadier with a more cheerful tone. Sixtyfour’s are quoted at 42d, super 60’s 41kl. common 60’s 4(kl, 56’s 35d, 50’s 31d, 45’s 27d, 40’s 25d.

Following are the closing prices •— Waihi ... . . 39 0 38 9 Talisman ... . . 20 6 20 0 Sylvia. . 0 8 0 8.1 Occidental ... 0 11 0 9 Waitangi ... 1 3 ■ 0 10 N.Z. Banks .’208 0 Bo. (paid) ... . 337 0 N\Z. insurances 124 0 120 0 S. British ... . . 90 G Auckland Gas . . 30 S) ■ 30 0 Union Steam . 20 9 20 0 Do. (ord.) ... . . ■ 23 9 23 0 Trams . 20 3 19 9 Do. (ord.) ... . 21 9 21 0 i\ T .Z. Cement . 10 O 9 3 Wilson .(ord.) . . 23 0 20 0

July 21. £ .Ju'v 1-1. t. 52,131,000 Coin 58,-1 (50.0(H) Reserve ■ ... 44.102,000 37,082,000 No to Issue 03.774,000 34,-195,000 Gov. Depos. 109,226,000 52,987,000 Other Depos. 13-1.620,000 157,98-1,000 Gov. Seem - . 53,158.000 51.748,000 Other Soour. 161,567.000 140,021,000

Victorian 3' ’s £ i 91 s. / d. ' (J N.S. Wales -Vs 95 0 0 N.S. Wales 3Vs 95 0 0 Queensland Vs 95 2 6 Queensland 3\’s 91 7 6 Queensland .‘Vs 74 10 0 New Zealand 3Vs S3 n 0 Tasmanian 3Vs 85 i) 0