COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2618, 13 November 1915, Page 8

COMMERCIAL ITEMS

INVESTMENT SHAEEB. A saJo of Wellington Woollon ordinary at £5 was-reported in the-investment market yesterday. The quotations were as ' follow;— Buyers. Sellers. ' £ s. d: £ s. d. National Bank 6 0 0 — Bank N.Z. (« 13s. 4d.) ... 16 8 0 16 10 0 Well. Invest. T. and A. — 011 0 Well. Trust, Loan, Ltd. . — 77 6, Napierr Gas (£5) — 9 0 0 Gear . Meat (£1) ' — 18 0 Well. Meet Eiport (£5)... — 6 0 0 Well. Meat Ex. (£2125.6 d.) - 215 0 N.Z. Shipping (ord.) r- ■ IS 0 0. Union Steam (ord.) — 14 6 Well. Woollen (pref.) ... 3 6 6 — feu-piri Ooal — 0 15 6 N.Z. Drug 2 4 6 2 5 0 Golden ' Bay Cement 0 19 6 — Rharland (pref.) 13 6 — • Ward and Co. E o "0 — WOOL, SKIN AND HIDE SALES, lho fortnightly: sales of wool, skins and hides wore' held yesterday. > Messrs. Dalgety and Co. report:—G<xxl linos of sheepskin's wore keenly competed) for at an advance of Jd. on last sale, rates. Only bags and oddments of wool were offered and sold at satisfactory prices. Hides and tallow .were firm, on a par with laet sale. It has been decided to hold a eale on December 17, and to canocl tho sales set down for December-10 a.nd 24.

Messrs. Levin and Co. report that the only wool cjlered was a few odd fadges, the wool being held for tho opening sale of tho season on November 17. The sheepskins market was strong and higher at nn advance of a halfpenny all round. Hidoß were firm and unchanged, and tallow was firm.

Tho New Zealand Loan and Mer<»ntile Agency Company, Ltd.. report keen competition, a.nd full-woolled sound skins sold at from 113 d. for crossbred to 12Jd. for halfbreds. Sides also wero in good demand at lete rates. Bound lotß were -wanted. Bags and odd packages of wool wero' well competed for, and eold at advanced prices. ' MeSsrs. Abraham and. Williams, Ltd., report that competition was vory keen, and prices for skills advanced a halfpenny to three farthings per lb., whilst hides were on a, par with last rale's rates.

Messrs. Murray,' Roberts and Co. offered a catalogue of 4000 sheepskins, 350 hides and calfskins, and experienced tho keenest competition for sheepskins, prices showing an advance of sd. per lb. on last sale in many lines. Hides wore firm at last sales' rates.. Tallow sold at 10s. to 15s. per toil advance.

Messrs. W. and G. Turnbull and Co., Ltd., report spirited bidding for all clashes offered. Combing skins showed an advance of 3d. to Id. per lb., shorts selling at Tates on a- par with late rates. There \ras only bae lots of wool offered. Sates wore also held by the United Farmers' Co-operative- Association and tho Wairarapa Banners' Co-operative Association.

The range of prices was as under:— Sheopskins.—Halfbrcd, lljd. to 12H.; fino crossbred, 11-Cd. to 12d.: medium to coarse crossbred, 10J.d. to lZid.: short to halfwools, Bd, to IOJd.; doad and damaged crossbred, Bd. to 103 d.; inferior <md badly damaged, Id. to 7W.: lambs, 6Jd. to lid.; damp ealtcd and green, ss, 65., lie. 5d.; pelts, do., le. 2d. to 2e. 3d.; lambs, ewlted, 2s. 2d. to ss.

Hides—Ox, heavy, UJd. t<, u 3-Sd.; 01, medium, lOid. to ox. light, 9Jd. to 93d.; cow, medium, 83d. to 9Jd.; w, light, Jjd.i cut, slippy, and lnforior, 6Jd. to od,| biull, stag, 6d. to 7 3-84,; yearlings, 71d. to V&L; colli 94. to tfjd,; tali, fflfr

dium to goad, M. to IM.; calf, damaged, 3(1. to Bd. Tallow.—ln casks, 233. 3d. to 27e.; tine, 225. 6d. to 245. 6d. Customs duly collected at the port of WolHnEt-on yesterday amounted to £3104 lis. ICd. LONDON WOOL SALES. By -Telegraph—Press Association—Copyright (Rec. November 12, 5.5 p.m.) London, November 11. At the wool eales there was a strong market, and on excited demand for cvocelireCs.' Messrs. Hurray, Roberts and Co., Ltd., liave received a cablegram from tbeir agents, Mes3r6. Sanderson, Murray and Co., under date November 11, as follows:— "Market firm. Compared with the opening rates, inferior and faulty wools have advanced ten to fifteen per cent." VICTORIAN PRODUCE MARKETS. Melbourne, November 11. Wheat, nominal; flour, £17; oata, quiet; Japanese, 2s. 9d. to 2s. 10Jd.; Chilian, 3s. 3d.; maize, firm, at 4s. 9d. to ss. 2d.; bran, £4; pollard, £6; potatoes, firm at £13 lCe. td £14 10s.; onions, £2 15s. to £3. MELBOURNE HIDE SALES. Molbourno, November 11. At the hides sales there wero small supplies, with good demand. Prices were Tcry firm-. PRIOE OP FLOUR. Molbourno, November 12. The price of flour is being reduced from £17 to £15 from Monday next.. BANK OF ENGLAND RETURN. (By Telegraph—Press Assn.—Copyright.) (Bee. November 12, 5.5 p.m.). London, November 11. The Bank of England return issued for the week ended Wednesday, November.lo, is as under:— Issue Department. Note Issuo 473,641,000 Gov. debt ... £11,016,000 Other securities 7,434,C00 Gold ... ... . 55,192,000. £73,641,000 . £73,641,000 ' BiSKIHG DBPAMMEXT. . Proprietors' Gov. socuriCttpltol £14,553,000 ties £18,695,000 Public de- • Other securiposits '~.. 48,958,000 . ties 97,667.000 Othor deposits ... 90,415,000 Notes.... ... 40,442,000 Rost;.7-day o.ud othor. bills 3,239,000 Coin ... ... 161.000 1167,165,000 £157,165,000 Tho leading items ol the Bank ol England return afford tie following comparison:— This week Last week Last year Bullion ... 65.19-3.000 66.409.000 68.675.000 Keservo ... 40.603,(XX) 41,675,000 52.212,000 Note Circulation ■ 53.11i9.000 • 33,433,000 35,519.000 Public Deposits 48,958.000 45,537,UC0 19.249.000 Other Deposits 00,415.000 95,774,000 137,£87,000 Proportion of reserve to liabilities 29.13 29.18 33.35 GOVERNMENT SECURITIES. The followiug are the latest quotations for Colonial Government securities in comparison: with those ruling last week:— Variation "ock . PriC6 , . ~ od ; last week. S s. d. 2)% Imperial Consols 65 0 0 Unchanged i ]S.S.\V.I9S3Jau.-July 05 0 0 Unchanfiod ii „N.8.W.1950-50i1r.-Sp U5 7 U Unchanged 35 „N-SAV. Early Curr 63 6 0 Unchanged 8 1 ,N,8.W.19i5Ap1..00t 78 0 0 Unchanged 4 „Vic. 1920 Jan.-July 05 10 0 Unchanged 31 „Vic. 1921-6 Jan.-July 91 5 0 Unchanged 3 ~-Viu. l'J'29-J9Jan.-July 76 0 0 Unchanged 34 „S,A. 1916 Jan.-July 85 D 0 Unchanged 3 ~S.A. 1916 Jan.-July 70 2 5 Unchanged 4 „QTdl9ls-24Jan.-July 95 2 6 Uncbauged 34 „Q , l'dl9J-2-47Jan.-Juiy 91. 7 6 Unchauged 3. „t1Td19 , 22-47Jan.-July 74 10 0 Unchanged 4 "N.is. 1929 -May-Nov. 95 0 0 Unchanged 3i "N.Z- 1912-40 Jan.Jly 83 5 0 Unchanged 3 "N.Z. 1920 April-Oct • 76 0 0 Unchanged 36 *'\V.A. 1915-35M'y-K'v ■ 67 15 0 Unchanged 3 "W A, 1015-35 M'y-Nov 62 0 0 Unchanged 3J "Tas 1920 Jan-July 85 7 6 Unchanged 3 "Tas 1920-40, Jan-July 76 1 3 Unchanged MONEY MARKET. Tho Bank of England discount rate-was on January 2, 1914, reduced from 5 to 4J por cent., on January 22 it was reduced to 4 per cent., and on January 28 -3 per cent; On July 30 the rato was raised .to' 4 per cent., and on July 31 it was raised to 8 per cent., and on August -1 it was fi.rther advanced to 10 per cent. On August 6 the rate was reduced to 6 per cent., on August 7 it was further reduced to 5 per cent., ot which rate it now stands. The Bank of Franco rate ia 5 por cent., as against 4 per cent, prior .to tho war. OPEN MARKET RATE. The open market discount rate for three months' bills ia 4| per cent., as compared with 43 per cent, last week,, and 2 15-16 por cent, last year. ..

Short loans are quoted at 4 3-8 per cent., as against 4 3-8 per cent, last week, and 15 per cent, last year.

COLONIAL AND OTHER, PRODUCE. Batter is firmer. Secondary is almost unsaleable, as enormous supplies of Siberian are in tho warehouses and in the docks await-itt(f discharge, also from Archangel, and it is 'estimated that the amount 19 quite 350,000 cases. - Fair quantities of United States butter are arming. Cheese is firm ovine to the announcement that .the Government is buying New Zealand cheese. About 86s. is asked for tho Otaki's consignment, to arrive. Canadian, Si*: to fl&e.- . Sugar is quiet and unchanged. Bradford 1 Tops—Tlie market is strong and somewhat excited. There is a large inquiry, bat sole is limited owing to combing :aifficulties. .Sixty-tours, 38d.;.super sixties, 37d.; 'common'.sixties,. 36d.; fifty-sixes, 33d.; fifties,' 30d.; forty-sixes. Ma.,* forties', Md. metal Markets. Copper.—On spot, £75 10s. to £75 15s. per ton; electrolytlo, £90 l(te. to £91 10s. Tin.—On spot. £167 ss. per ton; three months', £166 15s. Pig-iron, 68s. sd. 'per ton. Lead, soft foreign, on spot, £25 10s. per ton; forward, £24:105. Spelter—On spot, £83 per ton; forward, £83. .. '

Bar' silver is quoted at '24Jd. per ounce standard.