COMMERCIAL.

Sun (Christchurch), Volume I, Issue 25, 6 March 1914, Page 5

COMMERCIAL.

THE MONEY MARKET. BANK OF ENGLAND RETURN. By Gable. —Press Association. —Copyright. {Received March 6, 10.50 ajn.) LONDON, March 5. The Bank of Eft&land return issued for the week ended 'Wednesday, March 4, is nr> under: — ISSUE DEPARTMENT. Notes Got. debt 11,015,000 issued 28,498,000 Other seNotes in rc- curities 7,4.34,000 serve 30,306,000 Geld 40,355,000 £58,804,000 £58,804,000 BANKING DEPARTMENT. Proprietors' Gov. secu- . capital £14,555,000 r»tiea 11,153,000 P posi't» de 22 441,000 °r!tira 33,070,000 Other de- ' ' Note, 30,306.000 posits 40,877,000 Coin 1. 440,000 Rest, 7-day and other bills 3,697,000 £81,568,000 £81,508,000 The leading items of the Bank of England return afford the following comparisons: — Amount. Last week. Last year. Bullion 40,355,000 t981,000 *3,710,000 Note circulation 28,498,000 *288,000 *798,000 Reserve 31,739,000 t1,206,000 *3,384,000 Deposits 63,318,000 +757,000 f757,000 Proportion of Reserves to liabilities ... 50.12 +1.2.9 t».51 * Increase. t Decrease. LONDON MARKETS.

By Cable.—Press Association. —Copyright. ■ * LONDON, March 5. Wheat. —The market is dull and easier. For Australian, 36/9 is asked. Linseed oil —£24 17/6. Turpentine —32/I^. Silver —2/2J.per standard ounce. At the rabbit-skins sales 2500 bales •were catalogued. There was a strong market, and prices averaged fully twopence advance.

CANADIAN LOAN. (Received March 6, 11-25 a.m.) LONDON, March 5. The underwriters take 78 per cent of the Canadian loan.

SHAKE QUOTATIONS. Waihi 48/9, to 51/3; Junction 25/to 26/-. SILVER. Silver —Bar silver is quoted at 27d per oz. standard.

WOOL SALES. a ' LONDON, March 5. The following are the prices realised for the fleece portions of the clips named:—Weka, top 13d, average ll|d; Anchor, top 13id, average 12£ d; Bushy Hill, top 12* d, average llfd; Toroa, 12id.

AUSTRALIAN PRODUCE. SYDNEY, March 5. Wheat—3/9i to 3/9 A. Flour—£B 15/-. Oats —Algerian feeding 2/2 to 2/3, milling-2/4 to 2/5. Barley—Cape malting, 2/6 to 2/7. Maize —4/3. Bran, and pollard —£5. Potatoes —Tasmanian £6. Onions—Victorian £B. Butter — Selected 112/-, secondary 108/-. Chee»e —6id. Bacon —1/-. ADELAIDE, March 5. Wheat —3/8 £to 3/9. Flour—£B 5/to £8 7/6. Bran and pollard—l/ 1. MELBOURNE, March 5. Hides —At the sale, good-conditioned lots were £d higher, others unchanged. (Received March 6, 9155 a.m.) MELBOURNE, March 6. Wheat—3/10 to 3/10$. Flour—£o. Oats—l/ Bto 1/I(T$. Barley—English malting, 3/3 to 3/6; Cape, 2/4 A. Maize —3/8. Bran and pollard—s/5. Onions —£16. Potatoes—£3 to £4.

WORLD'S CROPS AND STOCKS. •LONDON, March 5. The agricultural statistics for 1912 have been issued. They show that the expansion of the world's wheat acreage in 1910-11 received a severe check in 1912. The acreage in the' British Empire declined by 2,287,000 acres and in Europe by 2,024,000 acres, chiefly in Russia, while the United States lost 3,729,000. In live stock returns Australasia's reduction of 9,348,000 animals is the largest noted. The decline in European stocks is very marked. LONDON WOOL SALES. By Cable. —Press Association. —'■ Copyright. (Received March 6, 10.50 a.m.) LONDON, March 5. The. wool sales had a strong upward tendency, America buying merinos and crossbreds. The rabbit skin sales closed firm with 2295 bundles sold. MONEY IN STEAMSHIPS. (Received March 6, 9.55 a.m.) MELBOURNE, March 6. The report of the Australian Steamships Limited, which took over the interests of the Howard Smith line, shows that the year's net profits were £4,340,472.

CULVERDEN SALE. Some 10,000 sheep were yarded at tile Culverden sale yesterday, including 2000 fats. Both fats and stores met with a good demand. Fat lambs sold up to 19/6, fat wethers to 21/3, fat ewes to 17/4, two-tooth three-quarter bred ewes 21/- to 22/1, eight-tooth to 19/-. Among the sales were: —Fat lambs for T. G. Thomson, 61 at 18/1; Eric Black, 71 17/7; A. Bailey 22 16/3; C. Popplewell, 81 15/10; Gr. Forrester, 130 17/4; K. Pettigrew, 237 14/-; P. Kennedy, 141 17/7; for A. Schunkle, 234 17/3; Miss Reid, 84 17/3; D. M'lntosh, 18 17/6; Dalziel Bros., 27 18/6 and 105 17/2; P. Hamilton, 167 at 18/11 to 19/6; D. D. Macfarlane, 315 16/3; E. Hampton, 104 17/5; H. Sharp, 163 18/t; F. Flowers, 115 17/3; client, 141 17/6; E. Roberts, 107 18/-; A. Macfarlane, 257 17/6 to 17/11; J. Jelfs, 88 17/3; W. Macfarlane, 190 W6- Stores: 500 two-tooth three-

quarterbred ewes 21 /- to 22/6, 1568 eight-tooth halfbred ewes 19/1, 100 5year halfbred ewes 17/3, 200 two-tooth wethers 15/6; S. Highstead, 200 store lambs 12/7; clients, 307 eight-tooth ewes 15/3, 415 four and six-tooth ewes 16/8, 415 two-tooth ewes 15/1, 308 fiveyear merino ewes 14/8, 357 two and four-tooth ewes 16/4, 181 old- ewes 11/10; A. Schunkle, 18 fat ewes 17/-; client, 70 fat wethers 21/3, 20 ewes 18/-; W. A. Scaife, 87 wethers 17/5. - The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from London, dated March s:—Tallow: We q\iote spot values for the following descriptions of tallow —Fine mutton 35/-, * good beef 33/9, mixed 32/6. Market quiet.

CHRISTCHURCH STOCK EXCHANGE. MARCH 6, 1914. LATEST QUOTATIONS. Bnyern. Sellers. BANKS— National of N.Z. COAL— Westport-Stockton . 4/ GAS— ' Christchurch .. • 134/ 160/ Timaru '.. .. .. 150/ SHIPPING — Unibn Steam * Ship (pref.) 23/ MISCELLANEOUS— Booth, Macdonald and Co. .. .. .. —v 20/Bow Ton Bros. (E.. & T. Co.) ;.. .. ~ 6/Taranaki (N.Z.) Oil Wells .. .... 3/0 Whitcombe and Tombs 112/6 120/MINING— Talisman .. .. . . 43/AUCKLAND, March 6; Sales:—Waihi, 486 to 483; Junction, 25/9; Watchman, 2/10; Northern Steam, i 4/5; Taupiri Coal, 21/6.