COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2752, 22 April 1916, Page 8

COMMERCIAL ITEMS

' EROZEN MEAT MARKET. Messrs. Gilbert Anderson and Co. (Messrs Ifellsop, Eliott and- Co., Palmerston North, local agents) report on the frozen meat I markot, under date. London, February 25, I as follows Home-grown—There has been a decided advance in -values of every class duo to the shortening of supplies, and it is sur- ■ prising that the demand keeps up so under the cirouonstanccs. Of the supplies on Smitkiicld. last week, 45.8 per cent, was British-bred, and tho balance imported i from the colonies and foreign countries, i- Frozen Mutton.—Buyers have only daily ■ supplies on hand, and eagerly accept auy- , thing an agent offers. Endeavours are be- ' ing made, however, to steady prices as much as possible by encouraging economy . in tho sales of meat. Frozen Lamb—There is a .largo demand for the small stocks, and the failure of the Australian. season is being severely felt. Buyers are finding it necessary to curtail their customers' orders, and unless, more sheep aro.ablo to be released by the authorities the position must become worse. Customs duty collected at' the port -of -Wellington' on Thursday amounted- "to • £4356 16s". 6d. i. • , VIOTOBIAN PRODUCE MAKKKT. • By TeTegraph—Press Association—Oopyright . • Melbourne,- April 20, Bran, £5. ' Pollard, .£6. Barley, Chevalier, 4s. 6d. to/4s. 9d.; Duckbill, 4s. 2d.; Cape, 3s. to 3s. Id.- Oats, milling, Algerian, 2s. Id.'; feed, Is. lid. to 1 2e. Potatoes, £5 10s. to £6. Onions,. £3 10s. to £3 15s. r ::. METAL MARKETS. - . London,, April 19. Copper.—On tho spot, £130 to £131; three months, ;£124. to £125; eleotrolytic, £138 to £140. ; Tin.—On the spot, £197 15s. to, £198; three months, £196 to £196 sa. ' Silver.—3o3d. pef ounce standard. . RABBIT 6KISS. Anning and Cobb's report on- the rabbit Bkin., sole 765 bales were olFored. .Thero - was. a strong market. Australians advanc- - . on' an average 11., and New Zealands 2}d, • . / .. ■ TALLOW SALES. - At the tallovr Ealcs, 826 casks were offer-, ed and 470 sold. Prices: Mutton, .fine 545., medium 48s. 6d. Beef, fine 525. 6d., medium 475. •- LONDON MINING QUOTATIONS. By Telegraph—Press Association—Copyright _ • _, London, April 19. To-dars Quotations include:—British ■ 'Broken Hill, 27a. (buyers), 28s. (sellers) ;- . Broken-Hill. Proprietary, 60s. 3d. and 615.. : :3d.;. North Broken' Hill,- 475. 6d. aiid '48s.' - W.;--Bam_pden-Cloncurry, 425. 6d. and 435. . 6d.; Mount Elliott, 80s. and 755. . BANK OF ENGLAND RETURN. , ; By Telegraph—Press Association—Copyright ' ' (Rec.- April 21, i 1.15 p.m.) \ London,' April 20. The' ; Bank - of England return issued : ior. the week ended Wednesday, April 19, ■ is as under. ... .. . Issue Depabthekt. . .Note Issue £75,318.000 Gov. debt ... £11,015,000 Other securities 7,484,000 .. . . . • Gold 56,890,000 • .. .£75,313,000 £75,348,000 BAHEING Department. . i ''Proprietors' ; - ' Gov.6ecuri- : ' : :."c»®ibd.V, ..i14.553.000 .ties... ... £53,188.000 .• Public de-. Other seeuri- . , posits ;.... .69,179,000 . ties... ' 87,008,000 Other do- ) ; . ' . ■ posits' ... 86,646,000 Notes ' 41,316,000 Rest, 7-day and other ~ ' - . • • ; bills- •■... 3,099,000 Coin ... ... .' 1.067,000 £163,477,000 £163,477,000 The loading items of the Bank of Engiflnd return afford the following '"oompari--..icr-ir- i ■ ; , , . : . , This week Last week La'Btyear . ' £ £ Bullion 66.859.000 66,846,000" 64.25i.0C0 Reserve' .... 49.383,000 - 43,714,000 : 39.766,000 Note Circulation 34,03-2,000 33,658,000 34,332,000' -Public Deposits , 69,179.000 68,803,000 125.414.0C0 Other Deposits .'86,646,000 79,961,000 88,750,000 Proportion of ' ,•- . reserve to '; •■ ' , .•■,..liabilities , 29.10 . 28.70 . 18,56 ' . : GOVERNMENT SECUEITIES.' ' The following-are the latest quotations for Colonial Government -securities in •comparison with those ruling last week':— ■ " Variation '■ -. : Stock compared - ~ . Price. with ■ • : ■ ■ • : ' ■ laßt week. ' ' ~ V £' • • : - ,2i% Imperial Consols; 67 5 - 0 i Unchanged 6s'higher ; 4J „ AVai- Loan • 1 96' 17 C; Unchanged 4 . „N.5.W.1033Jan.-,Tuly 84 5 0- 6s fie,11, H N.8.W.1930-60Mr..Sp 05 15 0 2/6 Sr Si iiN.S.W. Early Curr 70 12 6 2$ Si--3 ~N.a.W.1025Ap1.-Oct 69 17 6 . 2/6 lower .Vic. 1020 Jan.-July 04 5 0 2AJIo«-or4 34 „Vic; 1921-0 Jan. July 64 6 0 7/6 hiubßr 3 '-..Vi0,1929.49Jan,J U 1y 63\ 5 0 a S" 34 „S,A. 1916 Jan.-July 72 10.0 • 5s bicher 3 ..S.A. 1316 Jan.July 58 S 0 8/6 higher 4 I „Q 1'd1915-24 Jan.-July 90 5 0 Unchatiburl 34 ~Q'l'dl92-2-47Jan . July 88 15 0 -uSchSd J/WTaMM.man-.Jnii . 69 IT 6 7/6 •• • 1929 May-Nov.' :85 - 2 6 ;sslower 31 ';n.Z. 3912-40 Jan.Jly 72 15 0 WhLher - , , 1920 April-Oct 64 2 6 15 S higher 34 ' -W.A. 1915-35 M'y-N'v 73 10 0 12/6 lower oi "S, M'y-Nov. 68 5 0 6s higher 34 Tas 1920 Jan-July 72 0 0 ' 19s lower 3 Tas 19-20-40 Jan-July 63 10 Q Unchanged , '-MONEY MARKET. The Bank, of England discount rato was '

per cent., on January 22 it was reduced to 4 per cent., and ou January 2fl 3 per ccnt. Un July 30 the rate was raised to 4 per cent., and on July 31 it "was raised to 8 per cent., and ou August 1 it was Cuarther advanced.to 10 per cent. On August 6 tho rato was roduceci to; 6 per cent., ou August 1 ? vas further reduced to 5 per oent., at a»i? r<a^c now etahds. "ho llank of France rate is 5 per cent., as against 4 per cent, prior to the war. OPEN MARKET RATE. Tho open market discount rato for throe .months' bills is 4 9-16 per cent., as com« P ar £d with 4 9-16 per cent, last week, and oJ per ceut - yw*' '■ ■ Snort'loans are quoted at 4 per cent., ;as against 4 per cent, lafit week aud 1$ per cent, last yearCOLONIAL AND OTHER PIiODUOE. Wheat—Tho market is dull. , Flour.—Market firm, business quiet. ■ Oats.—Kirket firm. La Plata, nono of icriug. Peas and Beans.—llarkot firm; prices unchanged. Butter.—Market quiet. Danish, 170s. to 1725. Colonial supplies small. Australian, choicest, salted, 1565. to 1585.; unsalted, 1605.; secondary, 150s. to 1545.; New Zealand, ohoicest, 1625. to 1645.; secondary, 150s. to 158s.;'Argentine, salted,. 150s. to 1525.; un6alted, 1645. to , 1585.. . . . Cheese.—Jlarket very firm/ New Zealand, 106s. - Copra.—April-Juno shipments, £36 ss. Cotton.—April-May shipment, 7.6Z1d. per lb. , Jute.—April-May shipmont, £33 10a. Kubber.—Hard fine l'ara, 35.; plantation, 3s. ljd.; smoked, 3s. lid. »• Sugar—Prices unchanged. Bradford Tops.—At the Bradford market there is strong inaiiiry and more business, Prices: 64's quality, per lb., 44d.; 60's, 43d.common 60's, 42d.; 66's, 37d.: 60's. 31id • ,46's, 28d.; 40's, 2Gd. 5 ' steady market, prices unchang. METAL ■ MAH.VV.tr ■ Copper.—Standard, for -cash, £130 15s. pot ton; three months, £124; eleotrolytic, £139 :£l4l. i ' Tin.—£l9B 10s., £196 ss. per ten. Lead.—£34' 12s. 6d. per. ton, £34 15s. LONDON WOOL SALES. •By Telegraph-Press Association-Copyright ' ■■ ' , , London, April 19. At tho wool sales there was a fair selection. Prices were very firm oil round. Prices realised: "Bladensburg," top 2oid„ average 16Jd.; "Eoolarrol," 17jd. and 15M. Jeiv Zealand: "Leslie-hills," ISJd. and 18id.; aud 1Bd ' : 18id. and 17£ d.; Panlkau," 16Jd. and l'/|d. The sales have been adjourned to May 2. ' (Hoc. April 21, 11.15 p.m.) .. T London, April 21. -At the London -wool sales 61,936 hales were catalogued, an<l 58,443 have been sold to date. ' — i ' ■ ■ • Messrs. Murray, Roberts and Co., Ltd., liaye received a cablegram from their London friends, Messrs., Sanderson, Murray, and Co., under date April A 9,' as follows : Merino inferior, 'advanced '5 per cent. nlv s closed for I Easter; re-open May 2." • The Aew Zealand Loan and" Mercantile •Agency Company, Ltd., have received the following cablegram ' from their London house, under date April 19: —There is strong competition. Ae compared with March 17, merino euperior and lambs the .market is firm, medium 1 and inferior 7J per cen *- to-. 10 per cent., crossbred greasy coarse.s per cent., medium, also scoured and. Blipe, part to 5 per cent, higher. Sales adjourned till May 2. ■ Messrs. Dalgety and Company, Ltd., Wellington, beg to report having received the following cablegram from their London house, under date April 18:—The market is very firm', and better descriptions of greasy' merinos are 10 per cent, above close of •last soles. . For. greasy orossbreds, especially fine, the.tendency is in favour of sellots; - average ■ 64's are at present costing i?" fourtll series, of sales opens on May 30. The liet of arrivals closod March gross arrivals, 142,000 bales: forwarded, 88,500 bales. The fifth series opens on' July 11, limits for -which will be fixed later.