COMMERCIAL.

Evening Star, Issue 15482, 2 May 1914, Page 3

COMMERCIAL.

Jute, May and June shipment, is quoted at £3 15s.

Dalgety and Co. have declared an interim divident of 4s. The secretary for the Money Club reports that at this week’s meeting of trustees applications for loans to the amount of £l4O and for 34 shares were received. At the fifteenth annual meeting _ of Messrs Shetland and Co., held at Wellington yesterday, Messrs W. Watson and C, Smith were re-elected directors. The report stated that in view of the strong competition in business and the unrest in certain labor circles, the board had deemed it advisable to continue strengthening the reserve fund, which will now stand at £17,500. . A meeting of shareholders in the Pacific Starr-Bdwkett Society was held last evening in Mr W. B. Taverner’s office, Mr A. H. Cooper presiding. The eixtyfrrst appropriation in No. 1 group, disposed of by free ballot, was drawn by duster No. 127. The sixty-second appropriation, which was to have been disposed of by. premium ballot, was passed in, there being no applicants. The tenth appropriation in No. 2 group was drawn by premium ballot, the successful member drawing the full £SOO. MONEY AND MARKETS.

Press Association—By Telegraph—Copyright.

LONDON, May 1, —Bank Discounts. —

The bank rate of discount is 3 per cent. Short-dated loans arc discounted at 2i per cent., and three months’ bills as follow :—London, 2 1-15 per cent.; Paris, per cent.; Berlin, 2| per cent. Consols are quoted at £75 10s.

—Colonial Stocks. — All stocks are unchanged. —Metals.—

Copper, £64 10s. Tin : Spot, £156 15s: three months, £l5B 15s. Pig iron, 51s 6d. Lead, £lB 10s. Spelter, £2l 10s. —Butter, Cheese, and Bacon.—

Butter : The market is dull. There is a poor demand for colonial, and prices are unchanged, though tire tendency is easier, as European supplies have increased. Danish is weak at Ills to 113s.

Cheese : Quiet. New Zealand white, 61s to 555; colored, 63s to 64s 6d. Bacon : Quiet. Australian Curaberlands, 60s to 51s. —Wheat and Flour.— Wheat : Steady at 35s lOld. Australian spot, 38s 6d. Flour : Quiet and steady. Australian patents, 26s 6d, ex store. —Oats, Peas, and Beans.— Oats : Firm and quiet. La Plata{ May shipments), 14s 9d. Peas and Beans : Firm and unchanged. —Sugar.— German, 9s 4d; first marks, 11s 4d. —Wool.—

In the Bradford wool market prices are unchanged. Merinos show a hardening tendency, and the tone of the market is confident. Business is limited. The following prices were realised for the fleece portions of clips named :—J.O., top price 15d, average llfd; Stonyhurst, top 15jd, average 14jd; Ruanui, top 13d, average ll|d; Sekengi, top average 10|d; Panikan, top average lid. THE WOOL SALES. Press Association—By Telegraph—Copyright. ""LONDON, May 1. (Received May 2, at 10.15 a.m.) Merinos are selling at the highest prices of the series. There is the keenest competition for cross-breds. The Americans are making the best ofiers.

Messrs Dalgety and Co. report having received the following cable from their head office, dated May 1:—“ Wool sales continue active, and competition brisk. English buyers are purchasing freely, more especially coarse cross-bred wools. German and American buyers are purchasing freely shafty combing wools of good quality, more especially fine quality cross-bred wools. As compared with last sales’ closing fates greasy merino wools of good quality and condition and cross-bred wools of fine quality are 5 per cent, higher. Other descriptions merino wools, par to 5 per cant, higher; scoured wool, par to 5 per cent, higher, 64’s costing from 31d to 31|d.”