COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2854, 19 August 1916, Page 12

COMMERCIAL ITEMS

INVESTMENT SHAKES. / Yesterday's quotations for investment shores were as follow:—

Customs duty collected at the port 'of 14s Bd ßton yest£rday amounted to £4144 TOOL, SKLY, AND HIDE SALES. •The fortnightly. sales of tyool,. skins, and aides wore held, yesterday by the various brokers. / JTcssrs. Levin and Co. report strong competition for sheepskins, the market being firm and unchanged. Bides were unchanged,/and tallow firm, / Messrs. Abraham and Williams, Ltd.; report that owing to the crutchings sale being postponed until September 1 all bale vool was hold oYcr for that sale. The finer skins showed a slight increase .on last lutes, but ths bulk of skins were on a. par. Hides weTe on a par to id. dearer," 1 whilst calfskins showed a slight jump in sellers' favour some prim© calf in our catalogue bringing 14Jd. • Callow -was sold at last sale's prices. Tho New Zealand Loan and Mercantile Agency 00., Ltd., offered a fair quantity of bag'wool, and email catalogue of sheep skins and hides. There' was good com« petition for l everything'with the exception of seedy wool. Hides wevo in good request at prices a shade higher than late, rates. • t Messrs. Daleety and Co. report that all bale wool iB oeing held orer for the next special crutching sale. Thia sale is fixed for September 1. Tho following sale, arranged for September 29, has been postponed, and will now bo held on October 13. ( All classes of produce sold well, as compared with last rates, .good wellwoolled sheepskins being "keenly competed i for, up to Is. per lb., and calfskins up to ' 14Jd. 1

Messrs. Murray, .Roberts, and Co. report that they offered a catalogue of 3700 sheepskins and- 350 hides. Prices for sound pelted skins wore fully maintained ai last sale's rates, but for damaged and inferior pelted skins prices -were slightly easier, although not to any considerable extent. There was a keen inquiry for butchers' green and salted skins, at prices somewhat in advance of those ruling last sale. Hides fully maintained last sale's rates, the only change being in calf, which were slightly easier. Tallow was in good demand at prices fully equal to last sale. The only wool offered' was in bags and fadges, all bales being held for the next crutchings salo on September 1. Messrs. Wright, Stephenson, and Co., Irt-d., report having offered a good catalogue. Competition was good throughout the sale, and prices for skins and hides were on a par with'those ruling ' : at the previous sale. . Calfskins sold in vendors' favour, and tallow was slightly easier. ■ " ' Sales were also hold by the United Farmers' Co-op. "Association and the Wairarapa Farmers' Co-op. Association. The' range of prices was as •under:-" -Sheepskins: Halfbred,. 12d.; "fine cros6; bred, lid. to 12id.; medium to- coarse crossbred, ltd. to llld.; short to halfwools, 7d. to 103 d.: dead and damaged crossbred, 63d. to 9teL; inferior and badly damaged, 2fcd. to 73.; lambs, 9d. to 113 d.; damp, salted, and green, 6s. to 15s. 6d.; lamj's, salted, 4s. Bd. to 6s.' Id. Hides: Ox, heavy, 601b. up, 12d. to 121d.j ox medium-, 501b. to 591b., lljd. to 12d.; oi,. light, 491b. and under. lOd. to Hid.; cow, heavy, 551b. and over, 9d. to 10Jd.; cow,. medium, 421b. to 541b.. 9Jd. to IOJd.; cow, light, under 421b., 103 d. to 103 d.; cut, slippy, and inferior'; 61d. to 101 d.; bull, stag, 6d. to Bd.; yearlings, 161b. to 241b., Bd. to 103 d.; calf, superior, up to 161b., lOd: 'to 13id.; calf, medium to good, up to 161b., Hid. to 133 d.; calf, damaged, up to 161b., 6d. to Hid. . Tallow: In casks, 316.; in tins, etc., 21s. 6d. to 295. 6d. Horns, 12d. . • \ SOUTHEEN MARKETS. . ,By. Telegraph—Press Association.' ' Chrlstchlirch, August U. The total quantity of wheat for which space has been;arrayed for shipment to England as 6500 sacks, and it is said that Uo further space will be available. There have .been several sales of wheat during the week, principally Tuscan, and for.this variety prices equal to 4s. sd. and 4s. 6d. at country stations were pajid. The quantity of wheat offering is limited, and it. is apparent that there is now not a large amount held by farmers. Oats and chaff are still unchanged. There is not a large quantity bf potatoes coming .forward, and most of the offerings are in small lots. The price, is unchanged, £6 ss. at country stations is still being paid for immediate delivery.

BANK OP ENGLAND RETURN. Australian-New Zealand. Oable, Association. (Roc. August 13, 6.20 p.m.) London, August 17. The Bank of England return issued for the week ended Wednesday, August IG, is as under ISSUE Department.

GOVERNMENT SECURITIES'. . Tho following are the latest quotations for Colonial Government 4 Securities in comparison with those ruling last week:

. . • MONEI* MARKET, The Bank of England discount rate "was on January 2. 1914, reduced from 6 to 4j per cent., on' January 22 it was reduced to 4 per cent., and on January 28 3 per cent. On Jiily 30 tbn rate iras raised to 4 per cent., and on July "31 it was raised to 8 per cent., and on August 1 it was further advanced to 10 per cent. On August 6 the rate was reduced to 6 per cent., on August 7 it was reduced to 5 per cent. On July 13, 1916. it to 3 raised to 6 per cent. OPEN MARKET EATES, The open, market dis<x>unt rate for three months' hills Is H per cent... ao compared with' 5J per cent, last week, and 1 43 per cent, last year. " Short loans are quoted lit 4? per cent., as against 41 per cent, last week and. 4J per cent, last year. ' COLONIAL AND OTHER PRODUCE. : Butter.—There is an increasing shortage from all sources, and prices ore continui ously .hardening. N Danish is quoted at 1995. to 2035.; New Zealand, 183s. to 182s. The ,cheape'st obtainable is Irish separator, which is ruling at about 170s. Cheese.—The market is strong. Now* Zealand iB quoted at 975. to 985.; Canadian, on spot 955., c.i.f. 995. t. Oats, are steady.. ' Peas and beans arc firm at full late rates. Wheat is quiet. More cargoes are offering at about late rates. Parcels are firmer. ' Hour is firm, but quiet. Australian is quoted at 495. JtETAJj MARKETS. . Copper— Copper.—On spot, £114 10s. per ton: three months, £111 10s.; electrolytic, £126. Till is. quoted at £171 2s. 6d. to £171 10s. per/ton.', . *• • • —Lead on spot, £29 12s. 6d.; future delivery, £28. Spelter—On spot, £53 ner ton; future 'delivery, £47. - Silver.—Baj silver is quoted at 319-16 d. per ounce standard. ' YICTOItIAN PRODUCE MARKET. Australian-New Zealand Cable Association. Melbourne, August 18. Barley, English, 4s. 6d, to 4s. 9d.; Cape, 3s. 3d. to 3s. 6d. Oats,- milling, 2s. 3d. to 2s. 4d.; feed. Is. lid. to 2s. " Potatoes, £6 to £7 ss. Onions, £3 to £3 10s.

' Bnyera. Sellers,. ■ .. ' £ s.d. £ s.d. National Bank 5 7 0 — ■ Bank N.Z...(£} 6s. 8d.) ... 11 0 0 '■ - Bank N.Z. (£6 13s. 4d.) ... 17 0 0 - Union 'Bank — 54 15 0 Na-pier Gas (£10) 15 10 0 — , Well. Gas (£10) 14 10 0 — National Insurance 2 IS 0 Huddart-Parker (ord.) ...159' — Huddart-Parker (prcf.) ... 1 0 9' — : Union Steam (ord.) 2 13 ■ 2 2 0 Union Steam. (pref.) 110. — Well. Woollen (pref.) 3 17 6 1 . Westport Coal 19 6 — Layland-O'Brien' 12 0 — N.Z. Con. Dental 119 / — N.Z. Dru? ; 2 7 0 • — D.I.O. (pref.) — 10 6 Sharland (ordO 16 0 — , Sharland (pref.) 16 0 —

Note Issue £73.995.000 Gov. debts ... £11,015,000 Other securities 7,434,000 Gold 55.546,000 £73,975„000 i73.0D5.000 Baxkjsg Department. proprietors' Gov. securicapital £14,553,000 ties £42,186,000 Public do- Other securiposita .... 54,2*22,000 ties 83,811,000 Other doposits ...'03,862.000 Kotos 33,289.000 Rest. 7-day . and other bills ... 3.520,000 Coin 1.669.000 £166.157,000 £166,157,000 The leading items of the Bank of England return afford the following comparison.:— \ This week LasfeTreek Lastyeav X £ £ Bullion ... ... 55.546.000 \>4.576.000 66.177.0C0 Deserve ... 40.158.000 38.654,000 53,618.000 Note Circulation 35,706.000 36,147,000 81.958»0C0 Public Deposits 54,222,000 54,625,000 J02.644.0C0 Other Deposits 93,862.000 88,990.000 124,636,000 Proportion of • reservoto ? liabilities 27.11 27.05 ' 23.op

Variation compared .. Stock Price. with ' last week. £ t d. 21% Imperial Consols 69 6 0 7/6 higher '35 „ War Loan 86i0 0 2/6 higher 45 „ War Loan 86 6 0 7/6 higher I ,N.S.W.1933Jan.-Jnly ■ 8$ s 0 Unchanged II „N.S.W.1030-50Mr.-Sp g; o 0 10s lower 34 ..N-S-W. Early Curr 7417 6 5s higher' 3 ,.N.8. W. 1925 Apl.-Oc t 73 0 0 2/6 lower 4 „Vlc. 1020 Jan.-July 94 0 0 Unchanged 3i „Vic. 1921-6 Jan.-Jnly g5 jg 0 Unchanged 3i. „V.c. 1920.1949 74 17 6 6s higher 3 „Vio.lB29-49Jan.-JuIy 6517 b 2/6 lower 31 „S,A. 1916'Jan.-July n 15 0 Unchanged 3 ',.8.A. 1916 Jan.-July 6110 0 Unchanged 4 „QTdl9I5-34 Jan.-July 00.0 0 Unchanged 34 „QTdl932-47Jan.-July 83 0 0 2/6 higher 3 ' ,.Q'l'dl92'2.47Jan.-July ■ 66 17 6 7/6 higlier 1 '.N.z. 1929 May-Nov.. 88 19 6 7/6 higher 35 N.Z. 1912-40 Jan.Jly 76 5 0 Unchanged 3 'N-Z. 1950 April-Oot 68 5 0 Unchanged 84 *W.A. 1915-36 M'y-N'v 76 13 0 16a higher 3 "W A. 1015-35 M y-Nov 72 10 0 Unchanged Bj "Tub 1920 Jon-July 74 0 0 6s lower 3 "Tas 1E20-40 Jan-July 67 0 0 5s higher