FINANCIAL CABLES

New Zealand Times, Volume XXXVII, Issue 8343, 1 February 1913, Page 6

FINANCIAL CABLES

BANK AND STOCK EXCHANGE REPORTS. (Received January 31, 9.15 p.m.) LONDON, January 31. BANK OF ENGLAND BETUKNThe Bank of England return Issued far the week ended Wednesday, January 29Ui, Is aa under: isaua DzPATvr.*axT Koto Issue ££3.056,030 Gov debt £11,015,001 Gold .. 85.597,000 £53,156,000 £63,950,000 Bunxo DIWBTHMI. Proprietors' Ooy. saonrlcapital .. £11,553,000 Was ..£13,035,000 Public do- Other BOport to .. 10.133,030 cuntiM.. 35.040.000 Other de- Notoi .. 28.1-9.001 posits .. 40,535,000 Coin .. 996,000 Rot. 7-day tni obiter bills .. 5.620,000 _ £75.‘250.1>00 £75,250,000 The leading items of tlw Bank of BajUn* return afford tho following comparisons.

CON3OL3 AND AUSTRALASIAN STOCKS* Current quotations for Consols and Australasian Government stocks, compared with those of last week, end the corresponding period of last ysac. are:

•Intorostpayabis in 4£ay and Novsmbsr. Uuterest .payable io January and July, (interest payable in A pal and October THE MONEY MARKET. The Bank of England discount rate remains at 5 per cent., to which it was raised on October 17th. A year ago the rate was 4. per cent. The Bank of France rate is 4 per cent, (since October 17th), and that, ot the imperial Bank of Germany fi por cent, (since November 14th). The open market rate of discount for best three month hills is Is 3d higher at 4-J per cent.; a year ago it was 31Short loans are par to 10s higher at 4* to 5 per cent.; twelve months ago the quotation was 3 s. In Paris the open market discount rate is 2s 6d lower at 3Jd per cent. (3j a year ago); while in Berlin it is 2s fid higher at 4i per cent. (3J a year ago). COMMERCIAL CABLES By Telegraph—Press Association—OopyrigM (Received January 31, 10.55 p.m.) BONBON, January 31. GRAIN AND FLOUR. Wheat.—The market is slow, and prices unchanged. 38s was bid lor Victorian, steamer, February shipment, and 3Ss 3d asked. At Liverpool the quotations for wheat ‘' fuiu n\s” are: I’d- March, 7s 4i)d (ad lower than last quotation); May. 7s 3Jd (id lower); July, 7s 2|d (id lower). Australian wheat on the spot is in fair demand at 39s Gd to 40b fid per quarter of 4961b —last price 40s. Stocks are moderate. Good New Zealand longberried 38s, inferior 3fis to 375. Flour. —Retail trade has been done at 27s Gd to 28s per sack of 2301 b, cx store, for Australian, patent brands on the spot. There it no forward business. Oats.—ln large supply. Good business is reported. A Gartons 24s fid to 2Gs, sparrowbills 24s to 24s Gd. La Plata January-February shipment, 15s 9d per quarter of 5041 b. Beans.—Good demand. New Zealand Maples 39s per quarter of 5041 b; extra fine Tasmanians. 435. BUTTER. The market is very dull, with limited demand for colonial, except choicest, which is clearing fairly well. Banish, 125 s to 1275; Australian, choicest 106 s to 108 s. A few lots of Victorians 110 s; uusalted 108 s to 110 s; New Zealand 110 s to 112 s, a few lota 114 s; unsalted is scarce at 116 s and occasionally 118 s. CHEESE. The market is steady. New Zealand, 60s to fils. SUGAR. German beet sugar, 88 per cent, not titre, 3d more than last quotation, at 9s 8d per cwt; iirst .marks granulated f.o.b. Hamburg, 11s lUd per cwt—3d higher. BRADFORD WOOL. There is strong inquiry for top-making sorts. Makers have advanced places -VU on all sorts, viz.: 64’s, 30d; super, 29d; common 60’s, 28Jd; 56’s, 234 c !; 50’s, iflf;d; 46’s. 17id; 40A, Ifid. PRICE OF METALS. Silver.—Bar silver is quoted at 28)(1 per ounce standard—s-16d less than last week's quotation. Copper.—On the spot. £\ 10s lower at 5669 per ton: at three months, £1 12s fid loyver at 1369 ss; electrolytic, .£75 ss—--5s lower. Tin.—On the spot, .£230 per ton—s 63 5s higher; at three months, .£235 10s—IS) Js fid higher. Lead.—Soft foreign, 5616 7s fid per ton (Is 3d down). Spelter.—-10s lower, at .£25 15s per ton. Pig-iron.—Middlesbro’ No. 3,65 s 9d per ton. Last week’s quotation. 66s fid. AUSTRALIAN PRODUCE. By Telegraph—Press Association—Copyright MELBOURNE, January 31. Wheat, 3s 6)il. Flour, <£B 10s. Bran, £0 Ss. Pollard, £0 15s. Barley—English, 4s 3d to 4s 7d; choice, 4s 7Jii; Cape, 3s fid to 3s 81d. Oats—Steady. Algerian, 2s 3d to 2s fid; seed. 2s Bd. Maize, 3s lid to 4jS. Potatoes, 563 to <£3 15s. Globes, £i. Onions —Spanish; 565. Dalgety and Op., Ltd., have been advised by cable from London, under date of 30th inst., as follows: Frozen Meat. —Market very quiet and prices unchanged. Tallow. —For low and inferior descriptions prices are from 3d to Gd per cwt higher. For good colour mixed, or beef, prices are fid per cwt higher. Good colour mutton Is per cwt higher, AUCKLAND WOOL SALES NOVEMBER PRICES MAINTAINED. Press Association. AUCKLAND. January 31. At the second wool sale, held to-day, prices were on an average almost on a level with the high rates ruling in November. A good clearance was made, and there was a good The wool, on the whole, was heavier in grease than at the first sale of the season. Low grades were in demand, though a slight drop was recorded in line wool. Tho range of prious (figures

for lire November sale being given in parentheses) was : Medium haifbred 10)d to liy (IOJd to lljil), fine crossbred 10i_d to Hid (13d to 131 d). medium crossbred lOd to 10-jd (1 Old to 11-Jd), coarse crossbred 8d to lOd (SJd to lOd), cotted and dinghy 7-ld to Bd, first nieces 7d to Sd (7d to SJd), medium pieces 3d to 6d, locks 3Jd to lid (lid to old). EXPORT OP BUTTER Press Association. AUCKLAND, January 31. The Customs returns show a phenomenal export of butter during the month, the approximate estimate of tho value of butter shipped during the month being £222,861. These figures greatly exceed those for the corresponding month fast year. AUCKLAND DRAINAGE LOAN Press Association. AUCKLAND, January 31. A loan of £50.000 has been raised by the Auckland and Suburban Drainage Board in Sydney at TO! per cent., the rate of interest being -li per cent. SOUTHLAND MEAT COMPANY Press Association. INYUIICAKGILL. January 31. The directors' report of the Southland frozen Meat Company states that the net profit for the year is £7529, which, with the amount carried forward, leaves ■£20.100 to be dealt with. Tim directors recommend a 5 per cent, dividend and a 3 per cent, bonus on the paid-up capital. absorbing £5462: that £4OOO bo placed to the fire insurance reserve; ana that the balance, £10,938, bo carried forward.

This weak. Last Lut f»»:. fi - £ £ Bullion .. 35 507.000 34. 924.000 37.384.000 Reserro 27.07-WJO 26:662.000 28,526,000 Note c'ro'l a 27.777.000 27,601,000 23,257.000 Deposit* 67.06j.iWJ 53,262,000 69.307,000 Ptoportioa of reserve fcj liability.. 47.43 49.84 48.01

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