FINANCIAL CABLES

New Zealand Times, Volume XXXVII, Issue 8355, 15 February 1913, Page 7

FINANCIAL CABLES

BANK AND STOCK EXCHANGE REPORTS. (Received February 14, 9.35 p.m.) LONDON, February 14. BANK OF ENGLAND RETURN. The Bank of England return issued tor the week ended Wednesday. February 12th, is as under: Issue Depammbni. Note Issue £54,44 1 ,000 Gov. debt £11,015,000 Other securities 7,434,000 Gold .. 85,994,000 £54,443,000 £54,443,000 BAnnum Defabxhexc. Proprietors’ Gov. secur'capitai .. £14,553,000 ties .. £18,035,000 Public de - Other se - posits .. 20,058,000 curities.. 87,985,000 Other de- Notes .. 20,752,000 posits .. 30,6,2,000 Coin .. OOo.OOU Rest. 7-day and other bills .. 3,552,000 , £7B OJO.OUO £78.690.000 The lead ins Items of the Bank of England return afford the following comparisons : . This week. Last week. Last year. £ £ £

CONSOLS AND AUSTRALASIAN STOCKS. Current quotations for Gousols and Australasian Government staples, compared with those of last ween, and the corresponding period of last year,

•Interest payable in May and November, tluterest payable in January and July, fluterest payable in April 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 tho rate was 4 per cent. The Bank of F'ranee rate is 4 per cent, (since October 17th), and that of the Imperial Bank of Germany 6 per cent, (since November 14th). The open market rate of discount for best three months bills is 3s 9d higher at 41 per cent.: a year ago it wds 0 5-16 d. Short loans are unchanged at 4jj to 5 per cent.; twelve months ago the quotation was Sid. In Paris the open market discount rate is unchanged at 3Jd per cent. (2J a year ago), while in Berlin it is 2s 6<i higher at 3 per cent. (SJ a year ago). COMMERCIAL CABLES By T-l-er-apb—Press Association—Copyright (Received February 14, 8.50 p.m.) LONDON, February 14. GRAIN AND FLOUR. Wheat —The market is quiet, buyers pausing after the recent activity. The market is firm owing to the drought in India, the renewal of the Turkish war, and unfavourable French crop reports. Australian, steamer, January shipment, sold at 39e 6d. Australian wheat on the spot is in small supply. There is a retail demand at 40s to 40s 6d per quarter of 4961 b—same as last quotation; rtiod New Zealand long-berried 37s 6d to 38s 6d. Hour—The market is quiet and prices unchanged.—Australian patent brands on the spot ex store per of 2SOlb 27s 9d—previous price 27s 6d to 28s. Febru-ary-March, 27s c.i.f. Oats —The market is quiet. Finest Cartons, per quarter of 301 b, 25s 6d to 25s 9d; ordinary, 24s 6d to 255. La Plata,

February-March shipment, 16s per quarter of 3041 b—lid higher. , Beans—The market is firm at 40s to 40s 6d per quarter of 5041 b, ex store. Peas—The market is firm. Maples. 40s per quarter of sD4lb, ex store. BUTTER. The market is rather firmer, hut higher prices are checking the demand. ,*■ tralian, salted. 1083 to Hos. a few lots 112 s; unsalted, 112 s to 113 s, a tew lots 116; New Zealand, 113 s to 115 s; Danish, unchanged at X2Bs to 130. CHEESE. The market is dragging. New Zealand, 60s. SUGAR. German beet sugar. 88 per cent, net titre. Id more than last quotation at 9s 7d per cwt; first marks granulated t.o.D. Hamburg, Id more at Us 8d per cwt. BRADFORD WOOL. The market is firm, with B OCK I } n T l i l r 7' 64’s, 30id; super, 2»id; common 60 s, 56's, 24d; 50's, 22id; 46's. 17id; 40 s. 16id ’ PRICE OF METALS. Copper—Cash, F 66 7s 6d per ton—7s 6d Tin—On the spot, F 221 15s P«Y ton— Jc2 5s higher; at three months, A 219 au L:au—Soft foreign, Xl6 11s 3d par ton —3s Bd lower. „ „ „, , r-ig-iion —Aiiddlesbro' No. 3, fid down at 64s 3d per ton. Spelter—T2s 10s per ton—sa lower. AUSTRALIAN PRODUCE MARKET. MELBOURNE. February 14. Wheat, 3s 7id to 3s 7id. Flour, F 8 10s. Bran, ilo 5s to .£5 10s. Pollard, A 5 15s. Barley, English i malting. 4s fid to 4s 7d; Cape, 3s 6d to 3s 7d. Oats, firm, good milling Algerians, 2s ‘ 6)d; °hoice uigiier seed, 2s bd to 2s 9d; seed, As 3d to 2s s id. Maize. 3s 9d. Potatoes. jW 10s to A 5 ss. Unions, £7. SOUTHERN GRAIN MARKETS Press Association. CHRISTCHURCH. February 14. There has been a fairly largo quantity of wheat offering during the week, espocialiy on VV edn&aduy. Xu© quality of tlio gram is reported to be much auove tne average, being very dry and Laid, thougu odd samples are rather thin. There has been a good inquiry on the part of millers, and a fair number of sales have been made principally at os 5d ion Hunters and Tuscan at country stations, thin samples being worth not more than 3s 4d. Very little pearl has yet been offered, and it has sold up to Ss 6id at country stations. Oats are being freely offered, but only prime samples are commanding any attention, as there is no outlet at present. Australian prices are below those ruling here, and, it is stated that supplies may not be required for that quarter this year. There is a general complaint of the inferior quality of the duns offering, tho colour being very light. There is no change to report in quotaUons, whiou growers are not showing willingness to accept. Gortons are quoted at Is lOd to Is Ud and up to 2s for A grade at handy stations. Duns Is 8d to Is lOd, and Algerians Is 9d to Is lOd, some buyers only offering Is 9d for the latter. There is no change to report in barley, the outside price being still 4s for prime malting. A little business has been done in new oatsheaf chaff, which is quoted £2 10s to £2 12s fid at country stations. A few peas have come on the market, but prices have uot yet been fixed. There is reported to be an improved inquiry for ryegrass, a demand having set in from the North Island for dressed seed, which is being quoted at 3s to 3s Ud f.o.b. t . —————— FRUIT AND PRODUCE , WELLINGTON MARKETS. The ordinary supplies of locally grown fruits have been augmented during the week with tho arrival of a shipment of Fijian bananas in both cases and bunches. A small percentage of the fruit did not open up in the best of condition, but all choice green bananas had an excellent demand owing to the small stocks which were held by retailers. The fact also that there is now a greater Interval between the arrivals of the Cook Island boat direct to Wellington and tho Fijian steamer has had a beneficial effect from shippers’ point of view. In regard to local fruits, supplies of peaches have been somewhat heavy of late, ana the market is ruling at a nominal level; apples, especially dessert are in heavier supply, and values are inclined to be easier. Tomatoes, which advanced in price several days ago, havo undergone a sharp decline, this being due to consign meats arriving with greater freedom from both the Hutt district and the Nelson province. It is quite likely that this i fruit will exist at low levels for some little time to come. Greengages maintain an excellent demand; nectarines are somewhat quiet, and the same remark applies to grapes; supplies of the last named fruit from local orchards having been augmented by shipments from both bydney and Melbourne. Cape gooseberries are not yet in large supply, and the inquiry is consequently keen in the meantime. For some little while past regular shipments of Messina lemons have been available, and this fruit is meeting al. requirements in this respect as Australian and New Zealand grown are uol. on the market. Apples, choice dessert 7s fid to 8s fid case, prime 6s to 7s, cookers choice 3s Gd to 4s fid case, prime 2s fid to 3s; grapes, choice large locals 8d to lOd lb, others 5d to 7d; tomatoes, choice 4s fid to 6s fid half case, prime 3s to 4fi; nectarines, choice 2s fid to 3s half case, prime Is fid to 2s; greengages, choice 7s to 8s half case, prime 5s fid to 6a fid; peaches, choice 3s to 3s fid half case, prime Is fid to 2s fid; plums, choice 4s to 4s 6d half case, prime 2s 6d to 3s 6d; pears choice dessert 6s fid to 7s fid case, prime 4s to ss, stewing 3s to 4s; Cape gooseberries, 4id to 5d lb. POTATOES AND ONIONS. The market for potatoes has been liberally supplied with consignments from the north during the past few days, and tho tone ruling at the present time is slightly easier. Southern potatoes no doubt will bo available next week,, in which case there will probably be a weakeinng Intluence on the market. Now that Canterbury onions are getting well advanced, so much attention is not being paid to Auckland grown. This lino is also indictating a drooping market, and with supplies offering fairly freely, the oresent value is given as £1 per ton. Prime potatoes are worth £7 to £7 10s per ton. OTHER VEGETABLES. Pumpkins green peas, and cauliflowers also Swedes are commanding excellent attention in the local markets owinr to supplies of these vegetables being somewhat short of requirements. Cauliflowers, choice (is 6d to 8s sack, prime 4s fid to 5s fid; cabbages, choice 3s 5d to 4s, prime 2s fid to 3s; lettuce Is to Is fid case; parsnips, choice 6s fid to 6s fid sack; carrots 4s fid to 5s fid sack; turnips, 3s Gd to 4s Gd sack; Swedes, 60s ton; beetroot, 4s fid to 6s sack; French beans, Is to 2s part sack; marrows, 2a Gd to 3s fid case; green peas, Bs to 10s part sack. EGGS. A firming tendency has taken place in the local market during the past few days, at the same time the market is fluctuating considerably; present value is Is 5d to Is fid per dozen. POULTRY. An excellent demand generally is being met with for all lines. Roosters, good young 4s fid to 5s pair, hens eood 4s pair, fair 3s to 3a fid; ducks, 4s to

6s pair; turkeys, gobblers ISs to -2s pair, hens Ss to 10s. Laery and Co., Ltd., wholesale produce merchants, Allen street, report prices ruling on the Wellington market:Fowls' wheat, 4s 2d to 4s 4d per bushel, fowls' barley, best 3s 3d per bushel; Cape barley, seed 3s 4d per bushel; oats, short teen 2s 8d to 3s j/er bushel; oats, seen Algerians 3s 3d; oats. Duns 2s lUd to 3s, maize, 4s 9d to 5s per bushel; Prussian blue peas, 03 9d to Cs bushel; partridge peas, 3s 9d to 4s 3d per bushel; horse beans, 4s 2d to 4s 4d per bushel; sucrose ne, £7 per ton; flour. Atlas brand £9 lie Cd per ton; oatmeal, .£l3 to £l3 19s per ton; pollard, xti 10s per ton; barley-meal, £5 per ton; pea-meal, £3 per ton; bran, £5 5s to £5 10s per ton; chaff, prime oateheaf £5 per ton; chaff, straw £3 15s per ion; straw, baled £2 10s to £3 per ton; factorybacon, shoulders 8d per lb; sides, 9id< per lb; hams, lOd per lb; rolls, lujd per lb; factory cheese, medium size CJd per lb; factory cheese, loaf size 7fd per lb, honey, bulk, in 50lb tins 4Jd per lb; margarine, in 281 b tins Bfd per lb; whole linseed, 18e per cwt; linseed, ground 22s per cwt; linseed, cake 14s per cwt; linseed nuts, 13s fid per cwt; basic slap. £4 6s per ton; superphosphates, £4 los to £5 pti ton; rolled oats, 9s fid per dozen; rolled oM«, bulk IGs per 100; potatoes, prime table £7 to £7 10s per ton; onions, £7 to £8 per ton. LIVE STOCK SALES AUCTIONEERS’ REPORTS. , N.Z. Loan and Mercantile Agency Co., Ltd. At FeUding on Friday there was a heavy entry of sheep and cattle. Bidding was brisk. Unly one pen of sheep was turned out unsold. Quotations: Cub lambs 5s 3d to (is lOd, shorn rape lambs 9s to 9s Gd. woolly fat and forward lambs 10s bd to 12s 3d, store ewes 9s to 9s 3u, fat and forward ewes 10s 3d to 10s lOu, three-tooth eaves (small) 12s sd, weanei heifers 25s to 30s. Jersey cross weauer heifers £2 8s to £2 13s, mixed weaners 24s to 28s, store cows £3 10s, forward cows £4. two-year steers £4 ss. At Apiti on Tuesday a good yarding of sheep and cattle oamo forward. Quotations: Forward ewes 12? 9d, two-tooth aethers 13s Id, medium mixed lambs 7s 3d, small lambs 4s 8d to 63 4d, good mixed weaners 31s to £2 5s fid, mixed weaners (small) 15s to 30s, 18-months heifers in calf £3 18s to £4 13s, two-year heifers' in calf £5, 18-month heifers (empty) £3 4s, 2i-year steers £4 18s. fat cows £4 17s Gd. At Kimbolton on Wednesday there was a fair yarding of sheep but few cattle. Quotations: F.F.M. ewes 10s 2d to 11s. small two-tooth ewes 9s lld,‘ small lambs 4s Gd to Gs Id, good lambs 10s, two-tooth wethers 14s 6d, two-year heifers in call £4 19s, yearling Jersey bull £2 10s. On Thursday at Rangiwahia on account of Mr F. A. Margesson, the stock met with keen competition. Prices: Twotooth ewes ISs Bd, four-tooth Lincoln owes 17s. four-tooth Romney ewes 17s 7d, four, six and f.m. ewes 13s 7d, aged p.b. Romney ewes 12s 3d, ewe lambs 10s 4d. wether lambs 8s 6d to 8s Bd, two-tooth wethers 14s 6d. Romney rams £1 1b .to £4 4s. fat bullocks £7 10s, fat cows £4 19s, 2J-year steers £5 7s, two-year steers £4 12s fid, 20-months steers £3 10s to £3 18s fid, cows with calves £5 to £5 10s, dairy cows £7 2a 6d, 18-months heifers £3. Abraham and Williams. Ltd. A(t Hartdn .on Tuesday there were pood yardings. Prices; .Rape lambs 9a 8d to 10s 3d, ewe lambs 9s lOd to 10s, wetner lambs 8s fid to 8s lOd, woolly wether lambs 9s 9d, stubble lambs from 4s 4d to 0s fid. forward ewes 8s 4d to 10a, store ewes 6s to Gs Gd. cull ewes 3s fid to 4s lOd, two-tooth wethers (small) Us lid, fat ewes 12s 7d to 13s Gd, yearling steers to £2 10p, yearling heifers £2 6s to £2 12s, weaner steers 2Gs fid to 30s, 18-monthe steers £3 0s Gd, empty cows £3 10s to £3 12s, two-year dairy heifers in calf £5 2s fid. / ' At Mangaweka on Wednesday a fair sale resulted ** the following prices: Medium mixed lambs 6s Id, medium owe lambs 7s Gd, three, four and five-year ewes (good) 13s, s.m. ewes Gs 9d to 7s 3d, aged owes Ss Id to 3s 7d, two-tooth wethers 12s. 2J-year steers £5 14s, two-year steers £4 7s, 18-months steers £3 Is to £3-Bs. WOOL AND SKIN SALES The following reports on the sales in Wellington yesterday have been furnished : New Zealand Loan and Mercantile Agency Co., Ltd. Wo offered a fairly largo catalogue of dumps and bag wool, sheepskins, and hides. Buyers were present from South Island and aleo from Auckland. Wo have to report a pood sale, especially for hides, which sold at from id to Jd per lb better than at last sale. Sheepskins were higher by id per lb. There was a good demand for tallow and fat at late rates. We quote: Wool (in dumps and bags)—Crossbred fleece SRI to 9|d per lb, lambs Sid to IOJd, lambs seedy 4d to 7id, pieces and bellies sid to 7-fd, locks and nieces 4|d to sjd, crutchings sjd to 6id, dead wool 7d to 9Jd. , Sheepskins—Merino 7d to BJd, halfbred and fine crossbred 8(d to 9d, coarse crossbred 7fd to Bd, lambs 7id to 7id. broken and dead full woolled s(d to 7id, r ‘elte ssd to 7d, medium crossbred BJd to BJd. Hides—Ox medium 9d to 94d, ox light Aid to B|d, cow medium Bid to 9d. cow light 7id to Bid, damaged fiid to Bd, «„( best Hid to 13id, calf medium 9d to 10d; calf damaged 5Jd to Bjd. _ Tallow—Good mixed in casks 27s fid to 23s per cwt, medium in casks 25s to 26s ud. Pat—ln tins and boxes X2s to 2os, The United Farmers’ Co-op. Association, Ltd., and the Wairarapa Farmers Co-op. Association, Ltd. Prices ruled as follow. Wool —Medium crossbred 9Jd to 10Jd per lb, inferior 8(d to 9Jd, lambs, -ood Bid to IOJd, lambs seedy 7d to 7|d Sheepskins—Crossbred full-woolled Sid to 9id, crossbred short-woolled 7Jd to Bid. dead fiid to 7id inferior and torn 5d to fid, pelts 3id to sid. Hides—Ox heavy 8d to 9d, ox medium 7id to Bd, cow 7d to B*d, calfskins lOd to Is, calskins cut and slippy fid. to Bd. Abraham and Williams, Ltd. There was a largo attendance of buyers. We offered a good catalogue of all classes of produce, for which competition was very keen. Hides met ivith _ a specially strong demand, reaching during the sales to the high price of IOJd per lb for a nice line of heavy ox hides. Skins and wool also sold well, the former being about a farthing higher than last sales. We quote: Dag wool, fine crossbred lOd, rough crossbred Sd to Bfd. dead wool and pieces 7id to Bd, pieces fid to 6id. lambs 8d to Bid, locks 4fd to sd, crutchings 7id. Skins.—Fine crossbred 9d, medium crossbred BJd. coarse crossbred Bd, crossbreds damaged 7Jd. lambs 71d to 7Jd. inferior lambs 6id. first dead 7d, second dead fid to fiid, half-wools 7id. quarter-wools fid. shorts inferior 4d to 54d, salted pelts 3s Id, 3s 4d to 3s lOd. Hides.—Heavy ox lOd to lOid, medium ox 9Jd. light ox 9Jd to DJd, discoloured ox 8)3 to Bid, slippy ox 71d, medium cows’ BJd. discoloured cows B}d to 84d dry hides 7}d to 7fd, yearlings 7d to Bd. best calf lid to 113 d. damaged 7ld to 9)d Tallow.—ln shipping order, good £27 into’ £27 15s; in tins, pood £24 10s to £24 15s. inferior £22, rough fat £l9. Dalgety and Co., Ltd. We offered an exceptionally large catalogue of all classes. There was a largei attendance of buyers than usual, and competition, especially for hides, was very animated. Wool and sheepskins sold at prices on a par with last sale’s rates, and hides, owing to the scarcity at present existing, sold at exceptionally high prices. We quote: Wool (fadges and bags).—Halfbred 103 d. crossbred 8d to Bid, lambs 8d to lOd. pieces (inferior) 43d to 6d, pieces (good) 7|<L bellies Sd to fiid. locks 3id to 4id.

Sheepskins.—Crossbred 7Jd to BJ<l. crossbred (damaged and interior) ld_ to 7d, lambs GJd to Bd. hoggets GJd to 7Jd. half-wools 7jd. quarter-wools GJd to 7JG. pelts 5Jd to 61d, dead GJd to 7d, suited skins Is 5d to Us each. Hides.—Ox, heavy 9Jd. medium 9Jd to 9Jd, light Bid to 91d. cut and slippy 7id to 7Jd; cow. heavy; Bid to 9ld, light 7Jtl to BJd, cut and slippy 7Jd to Bid; yearling. BJd to Bid; calf, good UJd to 12Jd. inferior GJd to 10Jd; home hides. 5s 3d Tallow.—ln tins, 22s 6d to 24s 9d per cwt, in casks 25s to 27s 9d. Levin and Co., Ltd. Wo offered 4500 sheepskins, GOO hides anu calfskins and a quantity of laliow and horsehair. Wool— Bj.d at last quotations. Skins —The skin market advanced all round to the extent of a halfpenny per lb on best sorts. We quote: Haltbreds and fine crossbreds oja to Slid per io. medium and coarse crossbreds Bid to BJd. quarter to lialf-wools Gd to 7Jd, lambuidns 6d to 7Jd, <lead shins Bjit to TJd. green pelts & (Id to 4s Bd, green lames Us to 3s 9d. Tallow—Firm. Parcels in shipping order aC2B 10s, tins .£2O to .£23 ss, rouge fat .£lB. Horsehair—ls to Is lOld per Ih. Horns—3s to 16s per hundred. Tails—ls BJd per dozen. Hides —Tee hide market showed on advance of a penny on heavies, whilst medium and other weights showed an improvement of a halfpenny to three farthings per lb- We quote: Ux hides (heavy) 9Jd to 10Jd, ox hides (medium) 9d to 9Jd, ox hides (light) 8d to 9Jd, cow hides Bd to 91 d, out and slippy hides GUI to Sid, stag and bull hides 6d to CJd, yearlings Bd to lOjd, calf best 12d to 13Jd. calf medium 10d to 12d, calf cut and slippy 6d to lid. horse hides (heavy) Bs Gd to 12s 6d, horse hides (light) 5s to 9s. Murray, Heberts and Co., Ltd. We offered a catalogue of 7500 sheepskins, 900 hides and calfskins, besides a considerable quantity of wool in fudges and bags. There was a large attendance of buyers at the sale, and keen competition for everything. Prices for hides were higher than at any sale previously, ivhile sheepskins advanced fully id per lb. We cleared everything in our catalogue at prices which should be very satisfactory to clients. Prices realised are noted below: Wool—Crossbred medium to fine 9d to 10Jd per lb, crossbred rough, coarse Bd to 9id, crossbred inferior, seedy 7-id. to Bd, lambs clean 9d to ICJd, dingy and seedy lambs 7d to Bd, pieces and bellies 4Jd to 7d. Sheepskins—Fine crossbreds and halfhreds 9d to 9}d, crossbreds medium Bd to Bid, crossbreds coarse 7Jd to BJd, crossbreds dead and damaged spi to 7d, crossbreds quarter-wools 5Jd to CJd, lambs Gd to Bd, pelts (shorn) 4d to GJd, pelts (salted) Is lOd to 3s lOd each, salted quarterwools 3s lOd to 3s lid. Hides-r-Heavy stout ox SJd to 9Jd per lb, heavy ox 9Jd to 9Jd> Ox (medium) 9d to 9Jd, ox (light) BJd to 9d, cows medium and heavy BJd to 9Jd, cows light BJd to B|d, bulls and stags GJd to GJd, damaged and out hides 5Jd to BJd, calfskins best la to Is Jd. calfskins medium to good lOd to lljd, calfskins damaged SJd to 9Jd. Tallow—Casks 27s to 28s per cwt, tins 24s to 25a. WELLINGTON CUSTOMS The Customs revenue collected at Wellington yesterday totalled .£1928.

Bullion .. 85,994,000 85,2 6,000 88,131,000 Heserves .. 27,<60,000 26,5:3,000 20,9 4,000 NotoclroTn 27,681,000 28,1.68,000 27,706,000 Deposits .. 60,585,000 Proportion oX 56,504,000 68,417,000 reserve to liabilities 64.81 47.02 61.; 4

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