COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 1144, 3 June 1911, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES. Thero were no transactions recorded yesterday, tho buying and selling quotation being as under:— Buyers. Sellers. »r ~ , „ , £ 3 <<• £ s.d. National Bank 5 19 0 — Bank New Zealand 1114 0 — Well. Trust and Loan ... — 7 16 0 Wellington Deposit 0 8 3 — Auckland Gas 3 9 0 — Christchurcli Gas 9 15 Q — Palmerston Gas — 9 0 9 Wellington Gas (new) — 3 0 0 South British lusuranco 3 8 6 — Clear Meat (£4) - 1312 6 N./5. Shipping • - 11 16 0 Union Steam — 2 10 Well. Steam Ferry (18s.) . 0 13 0 — Well. Woollen (ord.) - 4 2 0 Well. Woolten (prcf.) 3 0 0 - Taupiri Coal 110 — Westport Coal 19 0 19 6 Leyland-O'Brieu 17 0 — : Miramar, Ltd — 0 2 6 Sharland's preference ... 1 4 0 — 'Taranaki Petroleum 0 16 6 017 6 Ward and Co 5 0 U — — DEPOSITS AND ADVANCES. The deposits both in the Commonwealth of Australia and in New Zealand for the Jlarch quarter show a very largo expansion, but advances also have increased largely. The total of tho deposits for Australia and New Zealand for the March quarter of this year, compared with those •for tho corresponding term in 1910, are as follow:— Jlarch, 1910. March, 1911. £ £ Victoria 40,924,602 44,714,035 N.S. Wales 47,481,499 53,106,792 Queensland 17,125,423 18,265,198 K. Australia 10,475,063 11,077,415 W. Australia 5,867,214 7,270,829 Tasmania 3,651,874 3,692,237 Commonwealth . 125,525,680 138,126,506 New Zealand 24,491,929 26,635,651 £150,017,609 £164,762,167 The increase in the Commonwealth amounts to tho huge sum of £12,600,826, whilo the New Zealand increase, is also large, amounting to 2,133,732. The advances compare as under:— March, 1910. Jlarch, 1911. £ £ Victoria 32,581,983 35,557,121 N.S. Wales 36,509,255 41,149 325 Queensland .... 15,038,371 15,944,327 S. Australia 6,360,901 7,913,795 W. Australia .... 5,855,226 7,115160 Tasmania 2,919,921 2,981,778 Commonwealth * 99,265,658 110,661,507 New Zealand .... 20,182,403 22,038,080 £119,448,061 £132,699,587 Thus, while there is an increase in the deposits in the Commonwealth of £12,600,826, tho advances show an increase of 11,395,849. The New Zealand figures lire increase in deposits £2,133,732, and increase in advances £1,856,677. WELLINGTON JIARKET REPORT. Messrs. Laery and Co.. Ltd.. Wellington, report wholesale prices ruling on the market as under:—Wheat, goud whole fowls. 4s. to 4s. Id. bushel; oats, good feed, 2s. lid. to 3a. Id.; oats, duns, 3s. 2d. to 3s. 4d.; oats, seed

white, 3s. 3d.; oats, seed Algerian Victorian, 3k. 7d.; rye corn, 3s. ICd.; maize, 3s. 2d. to 3s. <d.; fowl;' barley, 3s. 3d.; Cape, 3s. lid.; crushed malt. 7s. 6i1.; partridge peas, Is. 6d. to 4s. 9d.; pollard, £7 6s. to £7 10s. per tan: bran. .£5 15s. to £5; llonr, Atlas, £9 ss. (id.: chad', oatensucaf. £5 15s. to £6; rice flour. £& per ton; rice meal, .£5 per ton; potatoes, table, £4 10s. to £5 10k.; onions, £4 10s. to £5; molasses fodder, £5 ss. to £5 Ms.; bonednst, £5 155.; basic slap. £4 ss. to £4 lCs. : superphosphates, £4 15s. to £5; oatmeal. £14 lCs.; rolled oats, in 4's, Bs. 6d. dozen; cheese, medium-sized, 6UI. to 6ld. lb.; cheese, loaf 6Jd. to 7d. per lb.; butter, prime bulk, K'd. to lid.; fresh cgfrs, Is. ICd. to 2s. doz.; preserved cfTRs, 2s. 2d. doz.; honey, 56' a bright 4d. lb.: linseed nuts, 13s. per cwt.; bacon, sides 73d. per lb.: bacon, rolls 81(1. per lb.; hams, BJd. per 11).: fouls, hens os. to 3s. 6d., youne roosters 2s. to <:;.; ducks, 4s.' 6d. to os., all at per pair; turkeys, gobblers, Bd. to 9d. per lb. Ike weight, liens 6d. to 7d. BANK OP ENGLAND RETURN. By Telegraph— Press Associalion-Copyrmht (Rcc. Jttne '1, 8.30 p.m.) London, June 2. The Bank of England return issued for the week ended Wednesday, May 31, is as under:— Issue Department Kot« Issue... X06.251.0C8 Gov.debt ... £11,015,030 Other securities ... 7.434,003 Gold _ 37.6a5,000 £56,251,000 £56,251,00 BiXETXG DEPARTItENT. Proprietors' Govt, sccuricapital £11.553.000 ties £14,971,003 Public- do- Other securiposits „ 14,369,003 ties 29,521,000 Other doposits ... 41,351,000 Notes „ 27.551.C00 Best, 7-day and other bills 3.153.0Q0 Coin ■» ~ 1,250,00 £73.426,000 £73,426,000 The leading items or the Bank of Ensland return afford the following comparison:— This week Last week. Last year Bullion 37.E05.C03 37.114.000 ;n.312,000 Reserve C 5.031.003 25,30t),r,0a 30.517.C00 Note circulation 2i.iT.i.(Xa 27.975.000 24,3T6.(XM Public Deposits ll.ilfi'J.COJ 15,()13.UX) 23,0".7,000 Other Deposits 41.351,U0J 40.55!,U0J 37,100,000 Proportion of rescrvo to liabilities ... 51.99 51.76 50.72 GOVERNMENT SECURITIES. The following are the latest quotation) for Government tecurities. with a comparison of those ruling last week:— Variations -. compaicd Trice. with last week. £ 5. d. 2J% Imperial Consols SI 5 0 Unchanged 4 „N.5.W.1933Jau.-July 106 0 0 tJuchaui'od 3i „N.SAV.l'JlSjlar.-Sen. 99 0 0 Unchanged 3 „N.5.\V.1935Ap1.-Oct. S7 10 0 Unchanged 4 „ Vic. 1920 Jan.-July 19)10 0 Unchanged Si „ Vic. 1321-0 Jau.-July '..9 0 0 Unchanged 5 „Vic.1929-49Jan.-July B6 0 0 Unchanged 3i „S,A. 1910 Jan.-July 90 0 0 Unchanged 3 „S.A. 1010 Jan.-July S2 10 0 Unchanged 4 „QTdIDI3-J4Jan.-July 101 0 0 Unchanged 55 ..U'l'dlOil-aojan.-July -'3 0 0 Unchanged 3 „OTdli)2ij7Jan.-Ju|y ~fl U u Unchanged i „N.Z. 1929May-.\ov. 101 0 0 Unchangod Bi „N.Z. 1910 Jan.-July 03 0 0 Unchanged 3 „ii.Z. lOlJApril-Oct. MlO 0 Unchanged 34 „ \V.A.I9iO-iOJIay-Nov 07 7 6 Uncha.ue.ed i „ W.A,1915-3551ay-Xov to 10 0 Unchanged 43 „ Tas. l'JlOJan.-July WW u Unchanged 3 Jan.-July tp 0 0 Unchang«d BANK KATES OP DISCOUNT. ITic Itarilt of Eneland rate was reduced on Jrno 9 from 4 to 3 oer cent.: on September 29 it was advanced to 4 per cent., and on October 20 to 5 per cent. On December 1 it was lowered to 4i per cent., on January 27 to 4 ner cent., and on February 16 to 3J per cent., and on March 9 to 3 per cent The Bank of Franco rate was reduced from 3j to 3 per cent, mi January ii. 1903, and remains at the latter figure. The- Imperial Bank u! Genuauy on January 11,1909, lowered its rate from 5 to 4j per cent., and on February 10 to 4 ver cent. But on September 26 it was raised to b per cent, on February 6 it was reduced to 4} per cent., and on February 19 to 4 per cent. JIAKKET BATES OF DISCOUNT. Tho following aro the market rales for best threo months' bills:— London Pari! Berlin . rate. rate. rate, percent, percent, ner cent This week ....'..... 21-16 2 11 Last week 2 5-16 2 U Last year 31 2i 03 Short loans are quoted at li per ceut., as against. 13 per cent, last week, and 33 per cent, last year.

COLONIAL AND OTIIEE PRODUCE. Whoat— The markets ire dull and inactive. The tone is weak owing to excessive , shipments and generally favourable crop outlook in Europe. 355. is asked for South Australian, per sailer, February-March shipment. 345. 10ld. April shipment; 345. 9d Victorian and New South Wales, March shipment, and 345. 6d. for May shipment; 335. 9d. has been paid for South Australian parcels about due. Thero is only a small deniaud for Australian, on spot, at 365. 9d.; Chicago wheat is quoted at 88ic. to 89Sc. Flour is quiet. Australian, on spot, 245. 9d., afloat 245. 3d. Oats arc quiet. La Plata, June-July shipment, 14s. 9d. Butter—The market is flat, and there is only a small demand for colonial owing to plentiful supplies of English and Continental makes; prices aro practically unchanged. Cheese.—The market is weak. Whito 565., coloured 675. Sugar—German beet. 88 per cent, net litre, unchanged at 10s. 5d.; first-mark granulated, f.o.b. Hamburg, unchanged at 12s. sd. Tallow—The stocks total 4752 tons; the imports were 4857 tons; deliveries, 4164 tons. Bradford Tops.—The market is steady, and prices aro unchanged. THE METAL MARKETS. Copper.—On Spot, Is. 3d. higher at £55 Is. 3d. per ton; three months', Is. 3d. higher, at £55 12s. 6d. Tin—On spot, £214 per ton; three months', 50s. higher at £191. The advance is due to renewed "bear" covering. Pig-iron.—Jliddlcsboro' No. 3, 7d. lower, at 465. 3d. per ton. Spelter—Unchanged at £24 7s. 6d. per ton. THE TIN MARKET. SPOT TIN, £209. Dy Telegraph—l'r.ess Association-Copyright London, Juno 1. There is keen demand. Tin, on the spot, is quoted at £209; three months', £190 ss. per ton. WHEAT. By Telegraph—Press Association—Copyrichl London, Juno 1. An Australian cargo sold at 3is. td. per quarter. The American visible supply of wheat is estimated at 43,048,000 bushels. LONDON MARKETS. Jlessrs. Dalgety and Company, Limited, have received the following cabled information from their London house, under date June I:—Frozen nie.vt: Mutton—Thero is a fair demand at last quotations, but prices aro inclined to be weak. LambFair demand at Inst quotations. Beef—Market unchanged. Tallow—For low and inferior descriptions, prices arc 6d. per cwt. lower, but ::o business has been done with other qualities. . The Now Zealand Loan and Jlcrcantile Agency Company, Limited, have received the following cablegram from their London house under date June 30:—Tallow: Tho market for tallow is quiet. Wo quote present spot values for the following descriptions:—Good mutton, 345. 3d.; good beef, 325.; mixed, 30s. 6(1. Wheal.—We have sold a New Zealand parcel at 335. 6d., c.i.f. Thero is very little demand owing to favourable crop reports, and the general outlook is discouraging. GRAIN AND PRODUCE. (By Telegraph-Press Association.) Christchurcli, June 2. Tho wheat market is very quiet, thero being but little offering, and buyers are not very keen in their inquiries for it. They are not offering more than 3s. 3d. at country stations, and few farmers who are holding care to sell at this figure. The oats market is very firm, with onlyodd lots coming forward. Jlost of the business passing is therefore between merchants. . Chaff is also steady in price, 85s. at stations being the ruling figure. Potatoes nro rather easier, buyers being indilTcrcnt about making purchase,--, even if they could get supplies at. 655. at stations, but growers aro holding out for more money now that the potatoes are in tho pit. The lower quotations from tho south and tho reluctance of buyers in the North Island to make forward contracts at present is keeping business quiet. Oamaru, June 2. Business in wheat as between growers and millers and merchants is practically at a- standstill, only a few pmall lots having been secured at 3s. 3d. for Velvet, and 05. 2d. net at country stations. Sales by merchants have been made' at 3s. s>a.

f.0.b., these iiK'ludiiisr one line of 15C0 narks of mixed Tuscan and liedeliafl".

A little bii.'inofii lias been done in potatoes at .to His. not- at country stations, but there is no tli.-'posil:on on the part of merchants to operate freely.