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COMMERCIAL

Tno New Zealand Loan and Mercantile Agency Company have received the following cablegram from their London office :—Cross-bred sheepskins, 3d lower. MONEY AND MARKETS. Press Association—By Telegraph—Copyright. LONDON. December 17. (Received December 18, at 1 p.m.) The stock of gold coin is £71.984,000; reserve. £55.272,000; proportion of reservo to liabilities, 33.31; notes in circulation. £35.592.G00; public deposits, £43,163.000; other deposits, £122,736,000 j Government securities, £11,969,000 ; other securities. £116.482.000. Short loans, 1| per cent, ; hills, 2| per cent. Copper.—Spot. £57 10s; three months, £57 15s; electrolytic, £6l ss. Tin.—Spot, £148; threo months. £146 10s. Pig iron, 53s Ed. Lead. £l9. Spelter, £27 10s. Silver, 22Jd per ox. Sugar, unchanged. Butter.—Very firm. 77,000 cases of New Zealand and 15,000 of Australian arrived this, week, and are clearing well. Choicest Australian. 134s to 1365; unsalted occasionally 138s; secondaries, 128s to 1325. New Zealand, 158s; unsalted occasionally 140s. Cheese.—-Firm. New Zealand. 76s to 775. Wool.—The (junntity sold for tho home market was 64.b..Vi "uuvs. a.i<l u,r me Continent 1,000 bah*, and held over 103.000 bales. Bradford is very quiet. Sixty-fours, 26d to 24' d;' super sixt.cis 25id to 24d ; ordinary. 25d to 23id; fifty-sixes, 27d to 26ti ; 'fifties, 24d to 23 ! <l ; forty-eixes, 21d to 20Jd ; forties, 18£ d to 18d. Wheat.—Quieter, and unchanged. No 1 Northern Maniotoba loading, 48s 9d ; January shipment, 495. Flour. —Firm. Sellers are reserved. Australian, in stores. 36a to 36s 6d. Barley and beans and peas.—Firm, but unchanged. Of its.—Hardening. Bahiablanca January and February, 23? 6d. COMMERCIAL GLEANINGS. Business with merchants is not nearly mo brisk as J* usual in December. Tho reason may be assigned to the fact that storekeepers Laid in rather heavy stocks a few months ns;o, and are working on the6o. A 6 anticipated, the marleet for rennet has advoiieed tremendously, tho Home value having' almost doubled that ruling a few months ago. 'Jlie raw material lor the manufacture of rennst is produced on tlie Continent, hence, the advance. Great inconvenience is being experienced by tho uon-dehvery of American canned fruits. The Wyandotte is supposed to be brinrring supplies of thic- line. Manufacturing confectioners cannot turn out peel in sulßcient quantities to supply tho market, and a lot of orders have been shoi-Usupplied. Further reports received by yesterday's mail show that tho catch of sardines has been quite as small ae anticipated, and it is tmlikelv that any halves of Norwegian fish will reach, the market this year. Quarters' will also be scarce, and prices high. Latest quotations for sultanas, London stocks, is 65s pea- cwt. c.i.f. and e., N.Z. porte. Tho Californian market shows considerable strength, prune3_ having advanced a good deal. The experience of merchants is that when the price of this fruit becomes abnormal the demand ceases. The Gear Company advise that they are still unable to supply assorted meats* and corned beef. . ; Extract of meat is ako very diflicttlfc t» JBBSK& '

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD19141218.2.32

Bibliographic details

COMMERCIAL, Issue 15679, 18 December 1914

Word Count
481

COMMERCIAL Issue 15679, 18 December 1914

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