COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2558, 4 September 1915, Page 8

COMMERCIAL ITEMS

INVESTMENT. SH'AitES. Tn tlio investment market yesterday sales were reported of Bank of New Zealand (old) at £10, and Leyland-O'liricn at. 225. 3d. Tho quotations wero -as follow:— •• , 1 ' • Buyers. Sellers. , ■ £s. d. £s, d. National Bank 1 — 417 6 Well. Gas (£10) ■ - 16 5 0 Well. Gas (pref.) - 10 0 National Insuranco —. ,250 Standard Insurance — 1 13 6 Well. Meat Dxport (£5) ...: — 6 0 0 Well. Meat Ex. (£2125.6 d.) - 217 0 Union Steam (ord.) — 12 6 Well. Woollen (pref.) 3 10 0 — Manning mid Co 4 11 0 — N.Z. Portland Cemeut ... 0 9 6 • — Sharland (ord.). — .13 0 D.1.0. (pref.) - \ I 0 0 "'-: : i . HIDE, ; SKIN,. AND WOOL SALES.' Tho various brokers held their fortnightly wool, skin,, and bide sales--yesterday; '•Messrs. Dalgety. and Company report:— We held out fortnightly' enle/of . skins, hides, arid tallow, arid in,con junction offered 'crutchings and fleece wool that had been held over during-tho 1 past month, especially for this sale. There was a good'attendance, but- prices- for skins were slightly.easier, -showing a, drop of 3d.- per lb. for htalfbreds and fino'crossbreds, and about Id. to id. per lb. for other lines. Hides were; on a par'with ; tho prices rul-. ing a fortnight ago, which .were very satis-, factory. . Fleece wool and crutchiugs sold very,!,erratically, only good clean lines being'bid on, ; and ]?riccs for these'were on about «a ipar. those realised a month ago. AU bale wool will be* held over for'the first wool'sdle of the 1915-16 season on November 17 next. ; Messrs. Murray,. Robert* and Co. report:— •We offered a catalogue- of 20 bales ,of wool, principally crutchings, 4600. sheepskins, and 450* hides land calfskins. Competition was keen,' but,at lower range of prices for wool and sheepskins, these being a halfpenny lower. Ox hides fully maintained' last ■ sale's rates, but' cow hides showed a decline of 4d. per lb.' Seedy lots of'crutchings -were'almost unsaleable, in- inany cases no bid being made.; Messrs. Abraham and Williams, Ltd., report:—We offered a good catalogue-of all classes of produce.. There was good competition for sltins and hides," prices for the •former;betas on a .par -with last sale. Ox hides ruled at tho. Bamo: prices, but. cow., hides .were lower by. a farthing: to. three-' eights , per' lb; The last sale of crutchings' was held in conjunction .with the skin ealo.' The New Zealand Loan and Mercantile Agency Co., Ltd., state that.about 700.bales of wool, were loffered in • conjunction with, the ordinaryfortnightly sale. The wool offerings consisted principally of and clean lots of these sold /at very-good-prices, but seedy .lots were practically unsaleable. v Good , clean ' cruteiiings 1 realised from-Ulid. to 12Jd.; medium, 9Jd. to lid.';slightly,seedy and dull, BJd. to, 9a,; very . seedy, ■4<\: to : 7Ad. Sheepskins were in . good demand, and, .sold ..at last sale's prices.';- Hides and' calfskins were in good ,demand,' and sold: at late rates. , Messrs; W. 'and G. Turnbull and Co<i Ltd.,"' repo'rt as follows:—The fifth crutohing sale of the season was held in conjunction .with the'fortnightly hide and skin:- sale! . Medium to good crutchings showed a decline of Jd. per lb., seedy lots and inferior meeting a very, poor ;demand.» Combing skins sold on. a par with the rates ruling at the previous sale, clothing skins - selling in vendors' favour. Cow hides showed a decline of Jd.-iper lb;, whilst, other hides sold :6n*.a par with late Tatcs. Tallow sold-in sellers' favour. . i Messrs.. Levin, and Co. . Teport:— of thevmnter, crutching sales ->yas held yes-, terday,; when 9CO bales were - offered, of which- we offered <75' .balea.V':-Mi©V-nmrket-,was: lower by a full; halfpenny, . for' ' all crutchings. free from -seed, /.whilst'• any,'thiiig .showing: seed olicited mo bids whatever. The firm 'report on -their skin and •hide.'solcß''as > undent ... ••'■.■..• . : ••;?■'• ' Tito, sheepskins market .was easier by -a full; halfpenny all round ' for, ;, dry skins. Salted and' green skins did not' suffer, but recovered the drop experienced- last-saleV The;hide market was'firm, prices being in 'sellers' " and '.tallow was .'firm. - i , ' Successful.,sales were eJso- held -by. the' United Farmers' Co-op.' Association and the Wairarapa Farmers' Co-op. Association. . The following was the range of pricedWool.—Crossbred, UJd,:"to 13fd.; ; crutch,mgs. (superior), lljd. to 12Jd.; ; crutchings (medium), 9d. to 12Jd.; crutchingß (inferior), 7id.- to Bjd.; lambs, Ud."to Hid.; dead, lid. to 12£ d. ... • . ' • " . Sheepskins.—HaJfbred', . 95d. to lOd.; / fine' crossbred, 10£ d; medium coarse crossbred, 9|d.. to lid;; chort and. half-wools, 7sd. ,9Jd.; dead; and damaged crossbred, bd. to 9id;; inferior and damaged, ; Id. to , 7id.; lambs, 9£d. to IOJd.; 'damp, salted, and green, se. 6d. to 10s. 9d.; pelts; 2£d. to 4d.,; lambs (salted), 3s. 6d. to ss. 3d. ' . Hides.—Ox, heavy, .11 l-Bd. to lljd.j ox, modiumj. 93d.'.t0 -lljd.;. ox,-: light, 7*d. to lOgd.'; cow,; heavy, 9 l-Bd. to 9Jd.; cow,: me dfum,. 8d; to' v 93d.| cow, 4 light, 7Jd. to 9d.; cut. slippy, and inferior, 63d. to. 9d.; bull and stag, 6d. to 7&d;; yearlings, 7d; 10 9Jd:; icalf, superior, Bid.. to. 103d.;-calf,, medium, .'good, 9d.:to 9id.; .caJf, diamaged, Id. tj 7d. • Tallow.—ln casks,-225. 6d. to 245. 9d. cwt.; in tins, 16s. to 235. cwt. -. skin's,"l& 6d; to 2s. 2d. •each; cow/toils, -Is. 3d. to Is. 4d.,cach. .j - Customs, duty, collected at .the 'port of Wellington yesterday amounted to' £619 83. id.- ;■■■ . ■ ,SOUTHERN-' MAftKETS.i , ■ .. (By Telezraph—Press. ABsooiatlon-V • Christchurch, September. 3. " There is r still no change 1 to report in the 'local grain, market, everything being at a standstill. : There ..are -no inquiries l for wheat; and. little"; offering. Oats', even .'.if they were required, are unprocurable, and oatsheaf" chaff- is dull of-sale.v Potatoes ,are easier: owing, to; the limited demand. I The\best price is now £5 .at .coumtry .sto-, I tions, and some buyers are' only, offering |£4 10s. to;£4 15s;. ; .' . : - VICTORIAN PEODUCE MARKET. 1 By Telegraph—Press' Associataon-CopyrigQit . Melbourne, September' 3. Wheat', ,Bs. lOd. Flour,'£l7. -Oats, Algerian' Chilis, 35.. 9d. to 45.; Japanese, 6d. to 2s.' 10d.; Maize, 45.-6d.Bran, £5. Pollard, £6.. Potatoes, £8 to £8 10s. . Oniony £6 10s.' .-7 BANK' OF ENGLAND RETURN. (By Telegraph—Press Assn.—Copyright.) London,' September 2.; The Bank of England, retum issued for' tho' iyeek .ended AVednesday, Septembor 1, is as ' underi ; . I6SDE. Department!. ■' / Noto Issue - £851015.006 Goy. aobt ... '£11,015,000 • i . Other socurl- ■ ■ •. ■ :•■■•■■•'- 'ties 7,434,000 Gold- 67,<66,000 , £55,015,000 £35,915,000 ' Banking Department. . . Fiopriotors' . Gov. seouri-. '.capital ■ £14,553.000 ties... ... . £14,418,000 Fublic'do- ■ V O'hcrsoouri- : , ■ posits ■... 137,935,000. ■ ties... ...■ 145,105,000 Other do--' . '• ■ posits 87.02-3,000; Notts'... «. . 53,690,000 Best, 7-day . :and other - ■ .'.' bills .... 3,671,000 . "Coin.... i.. SS3.CO3 - . . £2-14,081,000. The leading items' of : the Bank of Eng. hind return o.ffoid tie following comparleon:— 1 • ' ' ■ 1 Tlais week last week Last year Bullion... ' ... 67,466.000 66,393,000 37.051,000 Reserve • ... 64.558,000 53.948.000 , 30.035.000 Noto Circulation 53.590.000, 31,603.000 .35,383,000 Public Deposits _ 137.935.000 134,054,000 28.677,000 Other Deposits ' 87,922,000 89.465.000 133,819,000 Prbpoi-tion of ■ .. - reserve to ... liabilities' 24.15 24.13 ; .19.04- ~ : GOVERNMENT SECUBITIES. The following are the latest quotations for Colomah Government securities in comparison with'those ruling last week:—

■ , • , MONEY MARKET, The Bank ot England discount rate was on January 2, 1914, reduced, from 5 to' 4i per cent., on January 22 it was reduced to 4 per cent., and on January 28 3 per ceht. On Jrnly 30 the rate was raised to. 4: per cont. and on January 28 3 per cent., and on August 1 it was further advanced to 10 porcont. On August 6 the rate wag reduoed to 6 per cont.. on Aueust ' it was fur-tl-er reduced to 5 per cent., at which rato it now rtandt. 1 The Bwa of Franca ruts ti j jse coat,, at

OPEN MARKET ItATES Tho open market <Uscount rate for threw months' bills is 4J per cent., as compared with 4i to 5 per cunt, last week and 43 per cent, last year. Short loons are quoted at 41 per cent., as .against 4 3-8 per cent, last week and 3 per cent, last year. COLONIAL AND OTHEIt TEODtIOB. Wlicat.—Tho wheat market is quiet, and ■ prices unchanged. •Flour.—Tho market is lifeless., Oats are very quiet. Bahia Blane.a, August-September, 245. 6d. Beans are film at lato rates. I'eas.—Steady. New Zealand blues, 60s. to 80s.. . Dutter.-Market very firm. Supplies are short in absence of Siberian arrivals. Cheese.—Market firm. New Zealand, 725. to 755. .. Sugar.-Market quiet. Pncmi unchanged. llradford Tops—Tho Bradford top market prices are unchanged. The market It quiet, with cheerful tone. y METAL MAKKETS. Copper.—On the spot, £68 ss. to £68 10s.; three months, £69 10s. to £69 15s. Tin—On the spot, £153 10s. to £154; three months, £155 to £155 10s." Pig-iron, 655. sd. . Lead, £22 1125.' 6d. to £22 155.. Silver, 23 5-16 d. per ounco standard,

1 Variation . ' Rtoclr compared B . took : Prioo. with • ■ - last week. £ s. d. ' • 25% Imperial Conisola 65 0 74 2/84lower 'i;. .95 0.0 2/6 lowor 34 ,1930-50Mr.-Sp 94 3 9 Unchanged 34 „N-S-\V. Early Curr S3 7 0 Unchanged 3 tl N.8.W. 1925 Apl,-Oct 78 0, 0 Unchanged i „Vic. 1020Jan.-JuIy 0r> 0 0 . 2/6 lower Si „Vic. 1921-6 ,7an.-July 91 7 6. Unchanged . 3 ..Vic: 1929-49Jan.-Juiy - 76 5 0 5» higher 34 „S,A. 1016 Jan.-July ' 85 fj 0 Unchanged 3- „S.A, 1916 Jan.-Juiy 70 0 0 Unchanged 4 „QTdl915-24 Jan.-Juiy 95 . 0 0 Unchanged 85 „Q'rdl922-47Jan.:July HI S 0 Unchan»nd 3 „QTdl922.47Jan.-JuIy * 7413 6 Unchanged i „N.Z. lS29May-Nov. 90 0 0 Unchanged 34 „N.Z. 1912-40 Jan,-July 83 5 0 2/6 lower 3 „N.Z. 1920 April-Oct. 76 0 0 ' Unchanged 34 ..W. A .1915-35MayrNov 87 10 0 Unchanged 3 :„W.A,1915-35May-Nov 82 2 6 Unchanged 34 „Tas. 1920Jan.-July 85 0 0 Unchanged 3 .,Tas. 1920-40 Jan-July 76 1 3 Unchanged