COMMERCIAL

Auckland Star, Volume XLVII, Issue 168, 15 July 1916, Page 8

COMMERCIAL

LONDON MARKETS. MONEY AXD 'PRODUCE BATES. (Australian and X.Z. .Cable Association.) LONDON', July 13. Money market quotations were disorganised to-day. Short-dated loans, which hardened . yesterday to 4* per cent., as against 4} per cent, last week, were unquotable. The rate of discount for three months' bills, which also hardened yesterday to 5i per cent., .19 against 5 per cent, last week, was unquotable. CONSOLS AXD COLONIAL STOCKS. The- following are the latest iLondon. Stock Exchange quotations for consols and colonial inscribed stock, and a comparison with those reported a week ago:— . ■'. £ ad. £s. d. Variation. British 31' p.c. war loan, 1925-28 88 5 0 0 10 0* British 4J p.c. war loan". 1925-45 Sβ 12 . 6 — Consols 2i per cent... 60 10' O 010 0* X.S.W. 4 p.c, 19i3 .. 87 2 6 0 2 6f X.S.W-. 3) p.c, 1016.. 97 2 6 0 2 6f X.S.W. 3* p.c, 1930----50 76 15 0 0 15 Of XS.W. 3 p..c. 1935 .. 72 17 6 '0 2 6t Victorian 4. p.c, 1920 04 15 0 1) 7 Gt Victorian 33. p.c, 1921-26 .1 85 2 6 0 7 6f Victorian 3 p.c, 1929----49 67 T 6 0 7 6* Queensland 4 fp.c, 1924 01 5 0 0 2 6* Queensland 3J p.c, 1821-30,.;....; 8712 « 1 7 6» Queensland 3 p.c, 1921-30 66 10 0 0 5 Of X.Z. 4 p.c, 1920 .._ 89 10 O 0 2 6* X.Z: 3J p.c, 1340 ..— 76 12 6 0 5 Of X.Z. 3, p.c, 1945 6S 17 6 0 7 Cf South! Aus. 3* p.c, ltfiO .'. 75 .0 0 Same. South Aus. 3 p.c, optional 61 12 6 0 5 Of •Lower. fHlgher. Consols opened at £60 15/, touched £60 after the announcement of the raising of the bank rate, and closed at f6O 2/6, the mean price-being £60 10/. WOOL. Prices are firm at recent rates. Crossbreds are unchanged, but there Is stronger general competition. The following prices were realised for fleece portions of the New Zealand clips named:—Highfield. top 22} d, average 2ljd; Avondale, top 22d, average 20J1: Way, top 19Jd, average 174(1. On the Bradford market small business was done. Merinos and fine crossbreds are extremely (inn. with, a hardening tendency. Low crossbreds are slightly easier. Sixty-fonre are quoted-at 52d, super sixties at:aid; flftvsixes at 40d, fifties at- 33d, i orty-sises at 28* d, and forties at 27Jd. ."". ;. SUGA-K. American granulated, 41/7. '1 DAIRY PRODUCE. Butter is qnict\ Australian is quoted at 15S/ to 162/; New Zealand at 168/ to 170/. Cheese is flat, and there i 9 very little business. There are large , all-round supplies. New Zealand is quoted at 82/ to 88/ per. cwt; Canadian at 80/ to 82/, METALS. Electrolytic: £125. 1 Tin: £169 17/6 to fl7o 17/6 V Spelter: £45 5/ to £43 10/. SILVER. .Silver is quoted at 30d. . . \.. ■ "WfIEAT AND FI/OCB. . \viieat is firmly held and sparingly offered. Flour is firm. . : Barley •is firmer. (Peas and beans are quite- unchanged. FRUIT AXD PRODUCE MARKET. Business in the fruit and produce market during the week has been good. Shipments 'of fruit have been landed from Sydney and Nelson, ■ together with local apples and pears. The market is good for prime quality, and relative prices are obtained for other grades. Sydney fruit landed da good condition, and/sold at advanced rates. Nelson Stunners are in good supply ex i*egulus, and best fruit sells welL Local lemons and -Poornian oranges are in demand. The Talune is due on Monday with-a full cargo of bananas, and prices are likely to rule similar to last month. The potato market is not at the moment overstocked, and best quality sampled are in demand at quotation; all lines are more or less blighty. Onions: are in good supply, and the market is easier. Kumaras and pumpkins axe In better demand. Freeh eggs are easier. Farmers' butter Is selling well.

Field Produce. — Potatoes: Southern £!) 10/. Onions: Local. 6/ cwt; imported, SB. Kumaras: 0/6. Pumpkins: 3/6 to 4/6 Dairy Produce. — Bntter: Farmers" in prints, 1A Eggs, fresh: Hen, 1/8; duck, 1/3 to 1/6. "

Fruit. — Apples: Local, coloured, extra sup. dessert, 9/ to 10/; good, 7/ to 8/; choice cookers, 7/; good, 5/6 to 6/.' PearsDessert: 9/; cooking, 3/ to 6/. Grapes: Hothouse, 2/0 per lb. Tomatoes: Hothouse best,-'lOd per lb. Oranges: Local. Poorman's, best. 7/ to 0/; good, 6/ to C/ 6 per case. Mandarins: Sydney, best, 16/ good, 10/ to- 11/. Lemons: Local, prime >12/; good, 6/ to 8/; local, rough and coarse 4/6.-.Passion fruit: 11/ per case. Walnuts"id per lb. Peanuts: 2}d per lb. Pines--12/ to 13/ per crate.

Poultry..—Hens: 2/10 to 5/6 each. Table roosters: 3/ to 11/. Ducks: 3/1 to 7/J Obicks: 0d each. Turkeys: Gobblers 5/ to 10/; ,• hens, 5/ to 8/6. Ferrets: 7/. Bantams: 1/4.