COMMERCIAL.

Dominion, Volume 2, Issue 450, 8 March 1909, Page 8

COMMERCIAL.

' - THE SHAKE MAEKET. Sales ofWestport Coal'a.t iC6.2s.'fid,, .anci Ne' Zealand Portland Cement at «£1 15s. wore mad oil 'Change on Saturday, and there were mor buyers than sellers of investment shares. Nt tional Banks, buyers .£5 Is.; sellers S& 3s. Wellington Investment, buyers lis.; Wellingto Trust and loan, buyers '.£7; Now Zealand Loa and Mercantile, buyers 2s. Gd., sellers 3s. 3d. Wellington.Gas (,£lO paid), buyers .£lO 17s. 6d sellers ,£l7 10s., (.£5 15s. paid), buyers -Gl2 2i 6d., (new issue), 12s. Gd. premium; Nationn Insurance, buyers JEI 'Bs. sellers'ill Bs. 6d. Gear Meat (i£l paid), buyers .£2 10s.; Meat Ej port (£2 12s. Sd. paid), sellers £3 Is. Gd.; Mann watu Rails, buyers i! 2 155., . sellers £'2 17t 6d.; New Zealand Shipping, buyers JX 17s. Gd. .sellers £ll'2a. 6(1.; Wellington Woollon■ (o'rdi nary), sellers X 3; Westport Coal, buyers '£ 105.,.' sollers J2B 2s. 6d.; Westport-Stocktoi Coal, buyers Bs. Gd., sellers 95.; Kauri Timbo (15s. paid), buyers lis. Gd.;; ieyland-O'Briei * • Timber, sellers «E1 2i. 9d.; Manning and Co (brewery shares), sellers M; New Zealand .Port ' '' land Cemqnt, buyers .£1 IU. 6d.» sellers -£l 15s Gd.,-(new-issue), buyers Jti 65.; New Zealaiu Paper Mills, sellers £1;- 25.; Tardnaki Petro le'tim, buyers 7s. 6d. ' ; .. v: . THE MINING MARKET.. " Sales of' Saxons at Is. lOd. ahd Is. 1 lid. anc Talismans ; :at i£2 6s. were reported, and a,sab of Talismjn at >£2 6s. was made, on 'Change '.'• j The quotations were as under :— . . v Buyers. . Sellers. Sales. . £ s. d. X s. d. £ s. d Talisman -!.. / ... 2 G O 2 G 3 2 6 ( . Waihi ... 816 0 816 9 -.' Tairm 'Broken::: 1 '.: '. - 'Him ■... 0 1 2. 0 1 5 Saxons 0 1 10 0 1 11 S 1 11 Big Eiver' ... ... — 117 0 — FRUIT AND PRODUCE REPORTS. -■[ / : Messrs. Griffiths and-Col,'iitd., report quota- , tions, at their fruit: and' prdduco'/market "on Saturday as follow':—Potatoes, choice Is;' to 4s. 6d., prime 3s.' 6d. .-.to 45.; inferior 2s. 3d. to ?s. 3d.; onions, 6s. cwt., locals; cabbages, choice Is. to-Is. 6d.;'inferior, small 9d. to ls.; caulitlowersj best Is.'to 55.; inferior, Is. to 25.; peas, Gs. to Cs. Gd. part sacks; beans, Is. to Is. ' : 6d. half-saoks;, tomatoes,..choice Hutt 35.,, 3s. 3d., mediums,; 2s.' Gd., 2s, 9d.;: lettuce,choice 25., 2s. Gd.', poor Gd. to Is. banana cases; plums, choice dessert 4s. to 55., choice cooking 3s. to is.;' small 2s. 6d.'\to 2s. 9d.; apricota, none offering; peaches, choice dessert 4s. 6d. to ss. Gd.;' primij i : 4s^,'4s.' 6d.,' best cooking 45., 4s. _6d:; apples, choice red dessert, 'Bs. to 10s.; prime, 7s. to Bs.; nectarines, none in market; pe;irs,'choice jnedinms, size'W.B.C. 75. ; to . Bs. 6d., large, size W.B.C. Gd.. tot 7s.'; /others,' from ss. to 6s. 6d., cooking 4s. to' ss. large cases; (juiices, 4s. large cases; eggs, fresh, Is. 7d., Is. Bd.; table carrots, 25., 2s. Gd., sack; parsnips, 2s. 9d. to 3s. sack; celery, best, 9d. to Is." dozen;'garlick, 3d. to :31d-;. per, lb.;' walnuts, sd.''lb.;/pineapples, 7s/ per. case; pumpkins,'3s. 6d. tb,..'4s. sack; marrows, Is. to is. 9d. sack; white turnips, Is. to Is. 6d. sack; red cabbage, 3s. to 4s. sack. '• With two Island steamers arriving, in addi- , tion to fairly large consignments of Australian grapes, , and as well as' a'plentiful-supply. of .fruit and vegetables'from local sources, the retailers' capital has been'.well tested : this week. This undoubtedly had much to do with the sluggishness of Saturday's market. However, with. present lino weather, shippers' can look forward to a good buoyant market this week for all choice lines of' fruit. . . . :, . '• • The Customs revenue and beer duty collected at Wellington last week amounted to .£13,172 Is. and .£-172 lis, 3d. respectively," while for the corresponding period of last year the figures . were (revenue) ,£15,126 15s. 3d. and (beer duty) i£4o7 16s.' 19d. On Saturday.;.the Customs revenue collected amounted to i£1641 Bs. 4d. • BANK OF ENGLAND RETURN. (by it,legeaph—press' 1 Association—coptkight.) ' i London, March 4. 1 The Bank of England return issued for the week ending Wednesday, March 3, is as, under:— ; j . ~. Jssue ' Department.'.Vote Issut ... -£5-1,98-I.CCO Gov.'Beciirities£ll,ols,Coo ■ Other securitioa ... ' 7.4 M.OOO ' ; . Gold ... 56.535.000 £54,934,000 ■ ' i £51,051.CC0 ■ Baseiso Dkpahtmkst. ! Proprietors' Govt. Becurlcapital £14,553,000 •. tics ... £15,141,000 . ~ . Public tie- ■ Other securiposits : ... 15,731,000 I ties ...i 32,020,C00 Other de-' posits -'... 40.7C5.000 25,926.000;' . Best, 7-day ', .-• . ■ ■ • .- • ■- and other, , V ,-V, C0i0.'1,777,C00 - . ' hills .... _3;SU,COO' ..' - : , £74,666,000 , £74,866.000 . The leading items of the Bank of England return afford the following comparison-.— ' " .This week. Last week. ' Last year. , _ ... ' - : ' v ' •<'?".'tf-'"-'' - 1

Bullion ... • .35,535,000 36,240,000 37,915,000 .. Reserve 27,605,0C0 27,678,000 . 29,516,000 Note circulation -29,056,000 28,649,003 23.212,000 ■ Public Deposits 35.791,C0J . 14,273,010 - 18.710.050 Other Dopositp ~'40,705,000. - ii,243,000 t40.T61.000 Proportion of .*< .. ! \ : "\ ■> v reservo 1 to ' ' • "• "-' liabilities.... " . ' 43.83 43.03 49.50 GOVERNMENT SECURITIES. ' - • _ The following are the latest, quotations for Government securities, with a comparison of those ruling last .week:— ;.- . V -

THE JIONW MARKET. / ' . ' ' The Bank-. of England discount rat© is I per cent., to which it' was raised on Janu ary It. . ■{ . - - The open market discount rate for best threi months' bills is i lowfer, at 2} per cent. Short loans are quoted in London at 23 pe'i .oent, a drop, of'J since, last week. . COLONIAL AND OTHER PRODUCE. . Wheat.—The markets are increasing ~ii strength, despite the enormous quantity afloat but there ,is'.'no excitement, the 'advance beint based entirely on the-urgent need for wheal in importing countries. Cargoes are very firm with a few first-hand sellers:': : 'A cargo of olc crop afloat is offering 'iit from'.4os. 6d.:to'lls ; ■ new at 395. 9a. to -10s. Gd.. February-March i' offering at 395. 9d.; March-April,. 405.; tralian, on spot, lis. Gd. to 12s. flour.—The market is . very fim. ■-Australiai patents m London are scarce;'i2Bs; 6d. to 295. 6d, is. offered for parcels afloat, an'd.2Bs. fid.-for es storo parcels. For an-on-pasSagc.'shipment tc Glasgow 30s. is, offered, holders 30s. 9d. Butter.—The market is quiet and prices generally unchanged. Now- Zoaland unsalted' ir'at from 108s. to 110s. ■: '■ ■ •, . ■ Sugar.—German beet.is quoted at 10s. 2d., the same as last week, and first marks granulated at 12s. 3d. per cwt. f.o.b. Hamburg, or 2d, lower nn the week. Bradford Tops.—The' '.inarkefois, firm, but there is little business doing, pending the open.mg of ths London sales on Tuesday: ! \ • * '. THE METAL' .MARKETS'.. ' Copper.—Spot, 7s. 6d. higher, at JESS 17s.' Gd.': three months', Ss. higher, at £57 12s. fid.; electrolytic. «£SB 15s. per ton. Tin.—Spot,. ss. higher, at ,£l3O 12s. fid.; three months', 2s. 6d. higher,, at ,£132 per ton: ; " Lead, unchanged at 12s. 6d. per ;tori. Pig-iron, IJd. higher,;at 475. Jjd. per ton'. . Silver.—Bar silver, is quoted at 23Jd. " per ounco standard. ANTWERP WOOL SALES. / VALUES IMPROVE. (BT TEtEGBArn—PRESS ASSOCIATION—COPYRIGHT.) ■ ' I , 1". London, March 5. At the Antwerp sales 5018 bales were offered and 3914 sold. Merinos advanced by 5 to 10 centimes, and crossbreds' 10 to 15 centimes. PRICE OP BREAD. (BT TET.EGRAriI—I'ItESS ASSnriATInV—CnPTHTOHT.) . • Melbourne, March 6. . The bakers will on Monday raise tho price of the four-ponnd loaf .to sixpence. !.

g y,...-,,, . COMMERCIAL . ' - THE SHAKE MAEKET. ' : Sales of. Westport Conl'a.t i6;2s/fi'd,, ; .anci Ne Zealand Portland Cement at «£1 15s. wore mac oil 'Change on Saturday, and there were moi buyers than sellers of investment shares. Ni tional Banks, buyers .£5 Is.; sellers ,£5 3s, Wellington Investment, buyers lis.; Wellingto Trust and loan, buyers £1; Now Zealand Loa and Mercantile, buyers 2s. Gd., sellers 3s. 3d, Wellington.Gas (,£10 paid), buyers .£10 17s. 6d sellers ,£17 10s., (£5 15s. paid), buyers -G12 2i 6d., (new issue), 12s. Gd. premiums Nationr Insurance, buyers JE1 8s. sellers'ill 8s. 6d. Gear Meat (i£l paid), buyers .£2 10s.; Meat Ej port (£2 32s. 6d. paid),'sellers £3 Is. Gd.; Manr watu Rails, buyers i!2 15s., . sellers £'2 17i 6d.; New Zealand Shipping, buyers JX 1(9. fid sellers £ll'2a. 6(1.; Wellington Woollon ■ (o'rd: nary), sellers i3; Westport Cqal, buyers '£ los.,.' sollers J26 2s. 6d.; Westport-Stockto Coal, buyors 8s. Gd., sellers 9s.Kauri Tirabe 1 (15s. paid), buyers lis. Gd.;; ieyland-O'Brie: * ' Timber, sellers Jl- 2s. 9d.| Manning and Cc (brewery shares), sellers M; New Zealand .Port ' ' land Cement, buyers Jl 14s. 6d.» sellers .£1 15s Gd.,-(new-issue), buyers Jti 6s.; New Zealaw Paper Mills, sellers XI 2s.; Tardnaki Petro le'tun, buyers 7s. 6d. ' ; . v: : THE MINING MARKET.. 1 " . . . J Sales of'Saxons at Is. lOd. abd Is. 1 lid. am Talismans ; :at i£2 6s. were reported, and a,sab of Talismjn at >£2 6s. was made, on 'Change . j The quotations wero as under:— ' « : . , v Buyers. . Sellers. Sales £ s. d. X s. d. X s. d Talisman •!.. / ... 2 G O 2 6 3 2 6 I . Wailii ... 8 16 0 8 16 9 - Tairm 'Broken::: 1 - .'Hills ■... 0 1 2. 0 1 5 Saxons 0 1 10 0 1 11 S 1 11 Big River', ... ... — 117 0 — : FRUIT AND PRODUCE REPORTS. Messrs. Griffiths and-Col,'iitd., report quota- ■ , tions, at their fruit: and' prdduco'/market "on Saturday as follow':—Potatoes, choice Is;' to 4s. 6d., prime'-3s.'.fid..".to 4s.; inferior 2s. 3d. ' to ?s. 3d.; onions, 6s. cwt., locals; cabbages, choice Is. to- Is. 6d.; inferior, small 9d. to Is.; caulillowersj best is. to 5s.; inferior, Is. to 2s.; peas, Gs. to Gs. Gd. part sacks; beans, Is. to Is. i 6d. lialf-saokstomatoes,., choice Hutt 3s., ,3s. 3d., mediums,; 2s.' Gd., 2s, 9d.j: lettuce,:'choice V 2s., 2s. Gd.', poor Gd. to Is. banana cases; plums, choice dessert 4s. to 5s., choice cooking 3s. to is.;' small 2s. 6d.'-\to 2s. 9d.; apricots, none offering; peaches, choice dessert 4s. 6d. to 5s. Gd.;' primij i : 4s^,'4s.' Gd.,' best cooking 4s., 4s. _Gd:; apples, choice red dessert, '8s. to 10s.; prime, 7s. to 8s.; nectarines, none in market; pe;irs,'choice Medium's, size W.B.C. 7s. ; , to . 8s. 6d., large, size W.B.C. Gd.. tot 7s.'; /others,' from 5s. to 6s. 6d., cooking 4s. to' 5s. large eases; quinces, 4s. large cases; eggs, fresh, Is. : 7d., ls. 8d.table carrots, 2s., 2s. Gd., sack; par- : i ■' snips, 2s. 9d. to 3s. sack; celery, best, 9d. to Is." dozen;'garlick, 3d. to :3J-d,;. per, lb.;' walnuts, 4Jd..,to 5d.''lb.;/pineapples, 7s/ per/case; pumpkins,'3s. 6d. to...'4s. sack; marrows, Is. to is. 9d. sack; white turnips, Is. to Is. 6d. sack; red cabbage, 3s. to 4s. sack. '• With two Island steamers arriving, in addi- , tion to fairly large consignments of Australian grapes,.and as well as'a'plentiful-supply .of .fruit and vegetables'from local sources, the retailers' capital has been'.well tested : this ' week. This undoubtedly had much to do with the sluggishness of Saturday's market. However, with present fine weather, shippers'can look forward to a good buoyant market this week for all choice lines of' fruit. . . . :... The Customs revenue and beer duty collected ' at Wellington last week amounted to .£13,172 Is. and .£-172 lis. 3d. respectively," while for the corresponding period of last year the figures were (revenue) ,£15,126 15s. 3d. and (beer duty) i£407 16s.' 19d. On Saturday.;.the Customs revenue collected amounted to i£1641 8s. 4d. • BANK OF ENGLAND RETURN. ' (bt it,legeaph—press''Association—coptkight.) ' i London, March 4. 1 : .The Bank of England return issued for the ' week ending Wednesday, March 3, . is as,' under:— ■' j' . JSSOE DEPAIiTJfENT.' .-' "Sot* Issst ... - £5-1,98-1,CCO GoT.'Beciirities£ll,015,C00 ■ Other Eecuriti03 ... 7.434,000 ' : . Cioia ... 36,535,000 ; \V £54,934.000 •••.'! JE5i.0Si.CCO Baskejo Depabtment. ' '_ i Proprietors' Govt, securlV. capital £14,553,000 •. tics ... £15,141,000 - . . Public de- ■ Other securi"V posits:,.. 35,791,CCO ' ties „.i 32,020,COO Other de-' posits -'... 40.7C5.000 25,926.000;' . Best, 7-Jay .-• - - - , • ■- and other , , v ,y Coio 1,777,C03 - '' . ■ buis .... -_3;su.coo' •: - • : 'j , - £74,666,000 -' ' £74,866.000 . '£■. The leading items of the Bank of England r return afford the following comparison-.— ' :■ . -.: " .This week. Last week. ' Last year. A ' Bullion ... • .35,535,000 36,240,COO 37,015,000 5 . . -. Reserve 27,e05,0C0 27,678,000. 29,516,000 5 Note circulation 29.056,000 28,6i9,C03 23,212,000 ?• • Public Deposits 15.791,C0J . 14,273,010 - 18.7I0.0S0 i . OtherDoposits ,,'-40,705,000, • d3,243,000 '■',40,761.000. - I .Projiortiou' of '-.r'"-- .>=< ! \ : v ■/ I v reservo' to ' ' • "■ ' I liabilities ... ' 43.83 43.03 49.59 ' ' GOVERNMENT SECUEIT1ES; ' The following are the latest quotations for Government securities, with a comparison of ;V those ruling last .week:—'- - '.%■ ■ ' Variations i price compared • , .with * ' : : : last week, H% Imperial Consols... ... 83 17 6 2s lnwpr ' < „ N.S.W. 1933Jan.July .... 209 0 0 : UnbhaS ' ..N.S.W.WiBilar-Sept68 6 0 Ss loww ' li „N,S.W.19MApl,-Oci. ... 87 0 0 20s : owe? . < „.Vie, ISfflJJaD.-July... ... 103 5 0 'ffi -.Si Vic. Jan.-Juiy '. <"910 0 10s h£ J Ti ,uly - 87 0 0 -'vMS (./. - i 4 •• y ' - 100 0 0 Unchanged ■ ,.b.A.1916Jan.-July ... 84 0 0 10? War t „QTdl915-24 Jan.-July ■'.V 1$- 00 S , • fli r . UTdlftM-30Jan.-July - : 0 ' - r lower j- • l J- 85 10 0 foffi ' "• Ss "N/'vun?f a5, t'; V - - 10715 0 ' 58.lower ' • « "Nfiw-i—wl 11 ; 1,9 0 0 'Unchanged : •• r ' L ; ? w -> Apnl-Oet. ... jo 0 30s loww ' ] '^A'lW^w ay v° V 91) 5 0 5s.higher f. 8713 « 2s.td,higher 1,710 0 Unchanged % . las.liao-iuJan-July a7i 0 p UnehMeed"