COMMERCIAL.

Dominion, Volume 2, Issue 485, 19 April 1909, Page 7

COMMERCIAL.

"■•(■■ ■ ■ ■■ , . .THE SHAEB MARKET. . ' : tnn»°\? arket closed , on Saturday irith a quiet tone, there was no business recorded, but the quotations were.without alteration. Bank of Now Zealand ■ buyers' 438" 135., sellers .£8 15°. ■? j N» tl0 " a . 1 BanK'buyers 435 is.;' Wellington' Investment, buyers 11s. 3d.; Foildine Gas fT rS ,,f °?-, 9d V Ilers jJI ls,3d Woflington Gas, .£lO paid, sellers J518; National Insurance buyers 431 Bs. 9d.; New Zealand InsuraS buyers .£3 175., sellers: 43 18s; Cd • paid, buyers .£lO, XI paid, buyers 42 lls ■ Meat Export, 432 12s. ■ Cd. paid, sellers 433 Is. Gd.; Union Steam, sellers 4ft , 15s. Gd.; Kaiapoi Woollen preference, sellers 435 2s. 6d.; Westnort g»k tay«9 Jβ 7s.j Westport-Stockton buy" Bs. 3d., sellers Bs. ?d.; Kauri Timber, 335; paid sellers 6d., 15s.paid, sellers 14s lOd?' Wand-O'Brien Timber, buyers 421 Is! 6d ex W?9'" vT Zea fe d Por ' land Cement? seL fe 8d ' ,P ' M P aid >. "Uers 431

, .THE MINING MAEKET. A. sale of Waihi at £9 3s. 6d. was reported, but otherwise the market,was quiet. Brokers expect to do a good business this week, some of the mining shares offering great scope for speculation. The quotations were as under:— '' : : . .. : ■ :. :Buyers. \Sellers. : Sales. W ,; u-'-n' j t v 43 s. d. .£ s. d.' Waihi Grand June- ' . _tion ...; ".„■: ... 1.9 3 w _ Waihi. ... ... ... 9 3 6i 9 i 6 93 6 Talisman .......;. ... 2 7 G. 2,8 0 -- : Waitangi ... .:.■ 04 0 04 3 : — Tairua Broken Hills 0 1 4 — - _ ' Big; Eiver ... ;.. 2 11, 0. — ■>.:, :—. ■' The Customs revenue collected, W f k h J am i )nil i ; ? d t0 *s.^ ! as against £9032 is. 9d. for the corresponding ffeekoMast ? ho ,i ot , al receipts for last Saturday were 4J1233 3s. Id.; (JC6I7 2s. 2d. for last year), while beer duty for the week yielded .£lO9 12s as against i'3BB 12s. for the.correspbnding week:of 1908.' .;. ■ ..-.- .'■. '.. ■: . \ ,;■ i'..",;;';.,-', ; . ;■■ ' ; -; ;■-.■.'■' '.' ■ " ~■ v;eoyal iNsuEANcE;cbMP4NT. ; ;'■;■ : Tie Royal Insurance,Cotnpanyi : of -Liverpool; hitherto -represented by an ; agency held :by Mtars.: W." M. ;'Baimatyne and ■ Company, has established a. branch office in Wellington, ;and Mr. Douglas Cook, late of, Christcliuroh has been . appointed.-resident secretary. Messrs. Bannatyne .and. Co. are still,to :Set . as. oity agents,. with -Mr,' Sidney Dix in charge, i Mr. Harold Beauohainp has been: appointed chairman, of the New Zealand-Advisory Board of the/ Boyal; Insurance Co. '■■■•■ : - ■• *■• : i '

Fruit and produce report. Messrs. Griffiths and ,Co. quote prices Ir i, § u 1 lt l and Produco sales on Saturdav as I follow i-Potatoes, 3s. 6d. to 4s. owt. , ; onions! ss. cut.; cabbages 2s. 6d. to 3s. sack) cauliflowers, I s * d v,° Gcl,; P cas > Ss - part-sacks; beans, 3s. to Bs. Gd. part-sacks; tomatoes, 3s. 6d. to 4s. 3d. half-case; lettuce,Bs., 4s. case;, grapes, local hothouse, 9d, ls.-lb., imported U. to sd. lb.; peaches, choice eating 3s. Gd. to 45., cooking 2s. 9d. to 35.; apples, choice dessert 7s. Cd. to 8s extra Ids, prune eating ss. 9d. to 6s. Gd., prime cooking 4<i. to 55.; pears, choice dessert, Bs. to Bs. 6d, prime 6s. to Gs. 9d., cooking 4s to 55.; eggs, fresh, 2s.'dozen; fWls,' 3s. to 3s. Cd.; ducks 4s. to ss. i pumpkins, 3s. Cd. to 4s. sack; pumpkinsj white skm, ss. sack; carrots, 3s. to 4s sack; parsnips, 3s. Gd. to 4s. 6d. sack; celery! Is, to 2s. dozen; pie melons, ss. sack; marrow. Is. fld.,to 2s. sack. The market closed up on Saturday very dull, most of the retailers liaring scoured stocks on Friday. At present peaches aro on the rise more than any other lines of frnit. The vegetable inarkot is improving slowly. , t l

■ The Netf JSe'aland Farmers' Co-operative Distributing-: C 0.,; Ltd;, "report-:.for tho week as fplldws:—Maizs, Ss. 3d. 1 ; wheati'wliole'fowl.Ms. Gd.'to is: 9d.;; barley, Cape seed, 3s ; 9d.; barley, feed,l3s.; oats, '2s; 2d. .to -.is. 3d. J. oats: seed sparrbwbills,., gartons; Duns,' Algerian, '2s'- > 6d ; oats,, crushed* 25. - 6 d. per bush,;, hay, prime, , £& 10s. to M.lOa. per ton;.'straw, £2 .£1 ,15a.. to.^s;',p'ollard,'X7'ss. 10s.;'.suoro-' ( sine, We £7, ; .J00's £7'ss. per ton- linseed oilcake, .genuine,v.: Ms.'.per cwt.; prime' oatensheaf chaff,'..£3 53. ;to M 10s. per: ton; potatoes, £i;' onions, £5 per ton; birfter, separator pate 95d. ; dairy pats Bd.' to 9d-;,eggs, frteh 2s. per doz., preserved ls.;;6d. per doz.,"honey, 60's 5d., H's .sJd.' lb.; beeswax, per lb.; fungus, 4Jd • walnuts, ■ijd.;. bacon, • factory, eides'; Bd., rolls If , : .S ,1 ft-; porkers, 70's to 90's 4Jd., 90 to.loo> 4d.; Tjaconers,: 3|d.;; heavy pigs, 3d! per. lb.; .cabbages,, Is. per sack; parsnips, 3s/ to 45.; carrota, tablets. to.Sd; j> marrows, ,1s • 6d.; cauliflower, 35.; pumplcins,: 3s. ,to 3s. 6d per sack , ; Swedes,,2os. per.ton; green peavOd" per peck; peaches, 2s. v 6d.:to,4s. 6d. per halfcase j apples,^dessert, ss. to 7s. per case; apples' cookers, 4s. 6d. to ss. per case; tomatoes, 2s. to ds..per half-caso; quinces, 2s. j per! case; pears.' dessert, us. to 9swpir.-caso'; pears, cpoWs; 4s! m'vs - t ? o^ r l' 3s ' 6d - :t ? '■**•* coclcorels, ■45.;6d. to ss. .6d,, all at per 'pain.; : r ~ r' , ..;; MARKET REPORT, v • " . Messrs.: A." E Atkinson and, Co.; : Ltd.-, report ■better values for pigs::than;have been ruling for. some time, nnd sales -last week were considerably m favour of vendors. :'Poultry, was forward, in large and ; sold well. Quotations: Pigs-Weaners, 55.,' 6s.i 6s. 6d. and up to stores, 209., 225. ,',6d.,-to 25s R o^<: 'Kb..■'.:!*... 305.; ,>82«., • 34s.i': Ms.: Gd' Poultry-rAt eachi hens, Is. 2d., Is. 5d., Is. Gd Is. Bd., 2s. Is.; 6d.;, Is.' 9d;, 2s. 2s. 2d.; ducks,:2s. Id.; guinea fowls,' 2s. 6d • geese,; ,2s. ,::9d;:-.- ,Fruit: and producer-Cooking npples, 3s. 6d. per case; green;. toioatpes, Is. 3d.;j M ons, id. to Id per lb.; table potatoes, Gs. 6d. t to Bs.; per sack,:and 3s. ; per MK bag ■pig. ; ppttttoee,'-2s. Od.'per bag; chaff,;sos. per .t0n;...-wheat; 18s. ■per.,sack.: md.K,',£2. ; Tqtara posts, per 100. - ''-■'■■ "■':

• LONDON MARKETS. . Dalgety;and -Company, LimiAed,: report liaving. received _the following cable advifo from their head office,'under data'.April 15'— . - Frozen Meat—The market foiMieef "and mutton. is very weak, and there is still, a vorv ■limited* demand. There Us, an improved d<£ mand for-lamb, and tbo market is firm at last quotations. ■ ■. > ■, ; ... . Tallow—Next sales will be held _pn April 21. BANK 01? ENGLAND RETURN. / (BY TXLEGRATH—PRESS ASSOCIATION— COPYRIGHT.) m , „ •• London,: April 15. The Bank of England rotunU issued for the week ending Wednesday, April 14, i 3 i n3 under:— , ' . . > . V ■ IBBUI DEPARTMENT. ■' -i NoU ISSQ® Gov. securitieniil.ois 000 I • i V Other sccurl- . - ' -'■- V-V;- . r .„,i ie3 - „t.«4.000 . :■ ... 37.163,000 . . £55.517.000 .. . ■, , BANMNa Department. : proprietors 1 ' . Govt, eccuri- . capital ', £11,553,000 - ties £15.0£8.ttn ■Publlcdq-.. ■. . Othorsccuri* ' posits ... 11.2U.000 tlfis : 31,179,000 - Other de- • . , posits. ... -13.110,003 Kote3 — ■ 26.42*2 000 1 ;Best,'7-day ■ , ■■ ' : ■■■" : : . . and other r .-- ' Coin •••■•■ u. l'sutttt ' bills ... 3,106,000 " ' , £75,103,000 ■ ■• £75,103,000 The leading items, of; the Eank of England return aiiord the following comparison:—' ."t ■ Tills week. I/asfc week.. Last yew. • v'- ' £ £ ' Bullion „. .. 37,468.00 ;37.911,000 . 36,341.000 v Eeserve... >ii7,836«0 27,915,000 26.U1.000 Note circulation 29.495.00J : 3U,003.000 ■ SO 137 000 Deposits' 14.214,001) 14,J33,0C0 . '.10,661!000 • Other Doposita. 43,110,000 " 44,821,000 ' '41,423 000 ; Proportion, of 1 .: * rcseryfl to \ : '• ; *•'• ■ lilbilitles ... ! 48.70 47.22 . £0.06 . GOVERNMENT SECURITIES. ■ ■ The following are the laiest quotations';for Uovornment securities, with a comparison' ol I those ruling last week:— \

THE MONEY MARKET. • The Bank of England discount rate is 2 J per cent,, to'which it was reduced on April 1. Tho open market discount rato for best three • months bills is one-eight higher at ljpor cent. Short loans' are unchanged at 1 per cent. COLONIAL AND OTHER BRODUCE. Wheat.—Tho markets are strong ; and animated, despite tho large quantity afloat and ' ample .immediate supplies. There is a mora.

active demand for cargoes. Sales aro reported at 445, to 445. 3d., with holders very firm. Parcels afloat sojd at Us. 3d. Australian spofi 465. per quarter. "Beerbohm" estimates' th,it shipments during the next four jiiorlhs will average'' 850,000 quaiters weekly, whilst .'o-' quirements may easily amount to 1.150,001) quarters, owing to tho very largo demand from England, Italy, and Germany. . -.-.' ~-.,: . vV ■ Flour.—There is an excited market for flour, with a general advanco of Is. 6d. Id 2s. per 2001b. Adelaido April-May shipment sold Glasgow 345, landed. : ; ■ v "'' ■ '■.. Sugar.—Gorman' beet, 10s. 4d.; first niarkg 12s. 3d.,f.o.b..Hamburg. . Bradford Bradford "tops": market is firm and, unchanged. ;■■■■.■ ■■.■■.■ Butter.—Tho market for colonial is very flat, with a few choice Australian • selling at 98s.' New Zealand 100s." to 101s.; secondaries are' neglected. Danish is quoted at IOCs. to 108s. "' '.■ , Kauri the kaUmsales.2ll cases Were offered and 63 sold, at full late pr.'ces.^ ;'. THE ; METAL MABKET. '': '. ■ ■ 75.. ed.i higher at .£57. 7s! Gd.; •three,months, Bs. 9d higher at 2s. 6d. electrolytic,. 75.. 6d., higher at .£SB 75.; od. per °Kif-te t t o f ■Silver, 23 7-lGd., per. mince'standard.''' ' : '. ;"■■; .;; ■.■•••;..:'-' C

NEW BIG EIVEK. tor TEtuoßirn-riiEEa assocutioh.) ' Tta mino manager of he reef Imd pinched to Uo fe° but since, tt « f of the mnze. No. 2 intermediate level: During tho ueek some email strikers of quartz have been met w ,tL but so farthey aro value' less. Cosgroves i Block, jnsido winze- This winzo has now attained a depth of 40ft., the reef aycragmg. itt era. for li lo full distant! but this morning tho Teef shows signs of pS mg in one end of tho winze. <r P ,

DEEDGING. (by TEitaaAPH-rRESs association.) \ Th ? following feturns are to hand : -£lackwater-River" 28oz Mwt • Mwt.; New.Trafalgar, 330z. 15d«t.; Sandy

■ , ■ Variations .. •' . • Fri-.o compared '• • ■ ■ ■with ■ I. —^'' ■ ' •" ' '»st week. . : SJ%Imperial ConBolB.;. ; ... 85 8 9- le Sfl' latmr f „N.S.W. 1033Jan.July ... 10B 0 0* ; S' ! J S'ST 1 Unchanged 3i Vic. 1941-6Jan.-July 08 15 0 • 5s liiShnr ?» " u IS? J4 ?'f uly ••• 87 10 0 Uuclmngcd , ll „ij. A. 1916 Jan.-July ... flfl io 0 lOs. hlohnr j " OTci 1 iQ 1 |^9j 1 T'J ! ' U1 i ! 'i : " 65 0 JJ Unchanged ! 4, „Qldl915-21Jau.-JuIy ... J04 15 0 UncliimirnX Si ..UTdlttH-iSOJan.-July 9710 o UnobanKcd b ..O'l'dlOiMUan.July ,. (s 10' 0 u2ffi£| "oii SftfiSS '■ 8 .1m. liKO-fl) Jan.-July ... 87. 0. 0 ; PnohSd ■