COMMERCIAL.

Evening Star, Issue 16078, 1 April 1916, Page 1

COMMERCIAL.

The New Zealand Shipping Company have declared an interim dividend of 8s per share. Applications for loans to the amount of £1,666 were received by the trustees of the Money Club during the month of March.

MONEY AND MARKETS,

Press Association—By Telegraph—Copyright,

LONDON, March 30.

—Bank Returns and Discounts.—

The Bank of England returns show that the gold coin and bullion in stock represents £55,718,000; reserve, £41,634,000; proportion of reserve to liabilities, 28.75;

notes in circulation, £33,577,000; Government deposits, £57,064,000; other deposits, £87,352,000; Government securities, £32,836,000; other securities, £88,350,000. Discount on short loans, 4£ per cent. ; three months’ bills, 4| per vent. War loans : per cent., £77 7s 6dfi 4 per cent., £96 15s. —Colonial Slocks.—

Following are the quotations for Dor minions’ stocks as compared with thosf for the previous week :

t1929-1940 currency. S 1920-30 currency. —Metals.—

Copper.—Spot, £ll2 15s; throe months £ll.l. Tin.—For win'd, £194 10a. Pig iron, 89s 3d. Lead.—Spot, £54 17s 6d; three months £35 2a 6d.

Silver, 27 3-16 d per oz. —Butter and Cheese.—

Butter.—Danish, dyll, 170s to 172s Colonial, steady. Australian, none offer ing. Choicest New Zealand, 162s to 1645. Cheese.—Firm. New Zealand, 103s t< 104s.

—Oats and Peas.—

Oats.—ln bettor demand. La Plata or passage, 27s 6d. Peas and Beans.—lnactive and tin changed.

—Wheat and Flour.— Wheat.—Dullnominally unchanged Flour.—Firm.

—Sugar.—

Sugar.—U nch an god

—Wool.—

Bradford Wool.—The market ie quiet and unchanged. Buyers will not accept the important concession offered them nv importers, but are standing out for 28 days’ delivery for prompt settlement.

EXPORT OF HIDES

Tile Minister of Customs (Hon. Mr Myers) intimates to holders of hides throughout New Zealand that ho is now prepared to receive, and consider applications for the «sport of such hides a.s arc included in the embargo—namely, those weighing 451b and over—provided that tho exporters arc agreeable to set aside for delivery to the tanners {at tho fixed price?) 10 per cent, of Hie quantity they desio*to ship, in order that the Government might be in a position to ensure a suflicieut supply of heavy hides for military purposes to Lite tanners, who, on their part, would be called upon to enter into •in undertaking to manufacture .such hides into leather and to supply the boot manufacturers who are contractors for militaiy boot? and shoes at tile prices charged for the same class of leather at the time when they submitted their lenders about the middle of December last for tho Government’s military requirements for 1916.

TIM.UUJ WOOL SALES

At the final wool sale ycvlerdav 4.405 hales wore offered and 3.786 wr.ro sold. The tot.nl offerings this season wore 17.273 bales, or 6,000 bales loss Ilian last year. This is partly due to a reduction iii the number of sheep through two dry seasons, and partly to private sales. Yesterday a, large quantity of merino wool from 'the hill comitry sold well at 9 ; [d to 13Jd. Loral buyers were active, and Bradford took a good share, (‘food lialf-bred fetched 16d to ]7ld ; medium, 13d to 15jjd > super and three-quarter-bred, 14d to 16Jd : medium, 12Jo to lojjd t and cross-bred, up t-o 15i]d. Pieces sold well, best half-bred realising up to 15fd.

The sale conditions included the postiniicmc’it of payment till shipping documents are available.

Victorian 4's Mar. 23. .. 94 Mar. 30 944 Victorian 34’s .. 83J 84 Victorian 3i’st .. 70 70? 63i Victorian 3’s .. 63i New South Wales 4's .. 85 i 88j New South Wales 34's .. 95? 95} New South Wales 5's .. 693 70 New South Wales 3i’s$ .. 70 70 * Queensland 4’s •• 89» 904 Queensland Si's .. 85i 86i Queensland 3s ■■ 62g 623 South Australian 3!,’s ... 72 ■South Australian 3's ... 58 573 New Zealand 4’s 87 New Zealand Si’s 724 823 Now Zealand! 3s .. 625 .. 7U 63i Tasmanian oJ’k 72? 654 75 Tasmanian 3's .. 63 J West Australian 3i’s ... .. 7&| West Australian 3’s ... .. 68| 69*