COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2492, 19 June 1915, Page 8

COMMERCIAL ITEMS

INVESTMENT SHARES. In the investment market yesterday sales Were recorded of Bank of New Zealand, new,' at .£l7- 125., and; National Bank at £5 10s. ■ 6d. , Th© quotations. wero as under:— Buyers. Sellers. . £ s. d. £i. d. Equitable Building 910 0 — Well. Gas (£10) - 17 9 0 1 -"Well. Gas Cpref.) 019 9 ' — N.Z.. Insurance 6 3 0 — Bouth British Insurance 415 0 — , G'ear Meat (£1) 4 ft 0 — N.Z. Shipping (ord.) 10 4 0 — Union, Steam (ord.) 1' 3 9 ' — Well. Woollen (ord.) '. 4 14 0 — Taupiri Coal 0 16 6 — Leyland-O'Brien 119 — Manning and Co 4 13 0 - 4 15 0 Golden Bay Cement 116 — Wilson's Cement 12 0 — *Ex div. MONTHLY ABATTOIR REPORT. The Abattoirs Committee -of the, City rOouncil met'yesterday afternoon, when the report from the abattoirs manager for the month of May-was presented. Thelfollowing Etock was slaughtered for the month, last year's figures being given in parentheses; 1 —Cows, 543 (243), condemned. 32; bullocks, 644 (541), condemned 15; bulls, 74 (14), condemned 5; sheep. 7162 (5455), condemned 278; lambs, 680 (362), condemned nil; Valves, 157 -(94); -pigs; 22-(22). The quality of the stock slaughtered for the month was prime with the, exception of the following, which wero slaughtered • for boning puprosea :— Cows. 65; bulls, 74; sheep, 258. Customs duty collected at the port of Wellington yesterday amounted to £3054 7a. 6(L • .

SOUTHERN MARKETS. (By Telegraph.—Press Association.) Christchurch, June 18. . The Government Statistician's returns of the actual average wheat yield far the Dominion is placed at 28.94 bushels per acre, and if this is worked out on tho estimates of 189,567 acres in crop it gives a total yield of .only- 5,486,068 bushels,' as against 6,169,760 bu6hels shown by thfeshing returns up to the middle of May. Unless the complete threshing returns have shown a larger area in wheat than that estimated it is difficult to see how the average of 28.94 bushels per acre has been arrived at. More complete information is required- to show the actual position. The estimated average of 39.77 bushels of

o&ts par acre gives a. total yield of well on to 10J million. busheJts, which is two and <i half million bushels short of the estimated requirements. Tho local grain market is firm but auiet. Very little wheat or oats is changing hands, and business is only .between merchants. Oataheaf is firmer, and is no-w quoted at £7 per ton at country stations. The potato market has. again advanced, and sales are now reported at £5 15s. to £6 at country stations for immediate delivery. Merchants are now anxious to see whether the suggested prohibition of ex* port will be carried out, as there is now a prospect of a considerable business with Australia. BANK OF ENGLAND. RETURN. (By Telegraph.—Press Aran.—Copyright.) (Ilec. Juno 18, 6 p.m.) London, Juno 17. The Bank of England return issued for the week ended Wednesday, June 16, is' as under: — lebue Department. Koto Issuo- £73.817,000 Gov. debt ... X 11.015,000 Other securities ... ■... 7,434,000 Gold 55,363,000 £73,817,000 . £73,817,000 Basking Department. • Proprietors' i Gov. eccuricapital * £14,553,000 ties ! Public de- Other securiposits ... 113,012,000 ties Other deposits ... 130,489,000 Notes... ... 40,670,000 Best, 7-day ' , and other bills ... — Coin ... .... 1,163.000 • . * Not cabled" . - ■ The leading items'-of the Bank of England return .afford the"following comparison;— ; Vi Ibis week Last week-Last year £ £' £ Bullion 55.368.000 58.207.000 . 37.037,000 Reserve ... 42.033,000 ' 44.683.000 28,714.000 Note Circulation , 32,947,000 33.153.000 28.418.000 Public Deposits 113.042,000 123.3J2.0C0' 17,637,000 Other Deposits • 139.169.000 -91.413.000 41,869.00 ■. Proportion of reservoto liabilities 19.56 . 20.50 . 48.24 GOVERNMENT SECURITIES. / The following are the latest quotations' for Colonial Government securities in comparison with those ruling-last week Variation . >■.: -Price!- - q ~ a -■ - - - last week. . £ e.- d. 2j% Imperial Consols 66 -8-9 Unchanged i ~N.5.W.1933Jan.-July 95 5 0 2/6 higher ij „N.5.\V.1930-50Mr:-Sp 07 10 " B 2/6 higher 3j „N.S.W. Early Curr- .83 10 0 ■" Unchanged 3 „N.H.W. 1925 Apl.-Oct .78 12 6 2/6 higher . 4 „ Vic. 1920 Jan.-July ■96 10 0, 10s lower Si „Vic. 19-21-6 Jan.-July 91 5 0 5s highor 3 „Vic. 1929-49 Jan.-July 76 2. 6 - .Unchanged Si „S;A. 1916 Jan.-July - 85.10 0 15s lower 3 ~B.A. 1916 Jan.-July . 70 0 0 Unchanged 4 „Q'rdl9ls-24Jan.-July -95 5 0 35s lower Bi „QTdl93-2-47Jan.-July 91 5 0 Unchanged 8 „Q'l'dl93-2.47Jan.-July 76 5 0 30s higher 4 „N,Z.1929 May-Kov. - 95 10 0 Unchangsd 3j „N,Z. IMMOJan.-July 83 5 0 Unchanged 3 „N.Z. 1920April-Oct 76 3 6 Unchanged' 34 „W.A.1915-35May;Nov 87 10 0 2/6 lower B ~W.A,1915-35May-Nov 83 0 0 Unchanged 84 „Tas. 1920 Jan.-July 85 5 0 Unchanged „ Tas. 1920-40 Jan.-July 76 10 0 10s higher ■ - HONEY KAKKET. The Bank of England discount rate was on January 2, 1914, reduced from 5 to . 41 per cent., on January 22 it was reduced -to 4 per cent., .and. on January 28 3 per cent. On July-30'the rate was raised t0.4 per cant, and on January 28 3-per cent., and on Aueust 1 it WQ6. further advanced to 10 per cent. On August 6 the rate was reduced to 6 per cent., on. August 7 it was furtier reduced to 5 per cent., at which rate it now stands. ... The Bank of France rate is 5 per cent;, as against 4 per cent, last year. OPEN MARKET BATES The open market-discount rate for three months' bills is 2J per cent., .as compared with 23 per. cent. last, week and 2J per cent, last year. Short loans are quoted at 11 per cent., as against 11 per -cent, last week, and 13 per cent, last year. COLONIAL AMD OTHER PRODUGE. Wheat is auiet and unchanged. Hour continues to decline. Oats are quiet. Bailie Blanca, June-July shipment, 265. 4id'. , Beans are dull and peas are inactive. New Zealand Blues, 68s. Butter is firmer. The dry, weather is cheeking . European , supplies. Choicest Australian, nominally 1365. to 1405., secondary 1335. to 1345. New Zealand, stocks Have been cleared. Cheeso—The market Is dull. New Zealand 94e., exceptional lots 965. , Sugar is firm and unchanged. Bradford Top6.—Merino and fino crossbred counts show a hardening tendency, and there is a good demand for present and future deliveries, but sellers are reluctant to accept more orders. Tho current quotations are: Sixty-fours, 42d.; supar Birties, 41id.; common sixties, 40id.; fiftysixes. 35d.; fifties, 33d.'; forty-sixes, 27id.; forties, 25Jd. THE METAL MARKETS. ■ Copper.—On spot, £13 ss. to £84 10s. Tin.—On spot, £168 per ton; three months', £166. Pig-iron, 676. 2d. per ton. Silver—Bar silver is quoted at 23 5-16 d. per ounce standard, KAURI TIMBER COMPANY. By Telegraph—Press Association—Copyright Melbourne, June 18. At the half-yearly meeting of the Kauri Timber Company, the' chairman stated that there had been a period of reduced output owing to a fa)ling-off in the building trade, but there wore 6igas of an Increase sincei the beginning of -the year, and ho hoped to be able with the present reduced outout to keep the bulk of the plant employed, so as to keep the staff together till the demand improved. Tho freight question had been a 6erious factor in the'export business; The directors, after careful consider ition, unhesitatingly recommended the usual interim dividend of eight per centum per annum, SYDNEY WOOL SALES. ' Sydney, Juno 17. Tm week s wool sales have closed. Best quotations were from 5 to 10 per cent, above tho last sales; faultier are stiil neglected; greasy sold to 14d„ and scoured t0.203d,

HIDES. , Melbourne, June 17. HidW.-Good competition for ell classes at id. to 3-Bd. dearer for good-conditioned heavy-weights, specially Selected; VICTOIiUN PEODUOE KAEKET. » . , Melbourne, June 18. Wheat, nominal, 7b. lid. ■ Flour, £17. Oats, local, fe. M.; Japanese, 4s. 6d. Maize, %ftL < J ren ' fl ° ss '' Pollard; £7 10s' Potet<JCS ' £7 to £8 ' Onions. £7 to SUBDIVISION SALE OF LAND. Attention is drawn to an advertisement in our auction oolumis on behalf of Messrs. Abraham and Williams; Palmerstxra North. This firm has been instructed to sell on behalf of'the trustees of the late It. B. Al'Kenzie two freehold and two leasehold farms, situated 5 miles from Eongotca. The sale will take place at Messrs. Gorton and Son's Horse Emporium, Fcilding, on Saturday, duly 3, at 130 p.m.