COMMERCIAL.

Lyttelton Times, Volume CXX, Issue 14977, 24 April 1909, Page 9

COMMERCIAL.

United Press Association—By Eleotrio Telegraph—Copyright LONDON, April 23,

Bank Returns.—The weekly return of the Bank of England is as follows : Gold coin and bullion in hand . £37,877,000 Reserve • £28,803,000 Percentage reserve to liabilities . 49.73 Notes in circulation . . . £29,075,000 Publio deposits . . . . £12,731,000 Other deposes .... £49,128,000 Government securities . . . £15,369,000 Other securities .... £39,447,000

Bank Rates.—The bank rate is 2J per cent. Short loan bills f per cent, three months’ bills 1£ per cent; Paris li, Berlin l£d. Consols. —Consols are quoted at £BS. Colonial Securities.—Colonial securities are quoted as under, last week’s quotations being also given:—

The wheat markets are flat. The American decline is causing some nervousness. Two Australian cargoes were sold at 435. Australian on spot is scarce at 47s to 47s 6d, New Zealand nominally 45s' 6d ehortberry, 46s 6d longberry. Flour.—The market is quiet. The recent advance has been maintained. Australian patent sorts 33s to 34s ex store London.

Oats have advanced Is. New Zealand 25s to 275.

Beans are sixpence dearer. New Zealand 34s 6d to 35s 6d. Peas are scarce and Is dearer. Victorian Duns 35s to 365. . '

Butter.—The market is dull, and prices are unchanged. There is little inquiry, exoept for choicest sorts, which are scarce. Copper.—On spot, £56 6s 3d; three months', £57 12s 6d. Tin.—On spot, £133 2s 6d; three months,' £134 ss. Lead.—£l2 ss. Spelter.—£2l 10s. Iron.—47s 6<L Sugar.—The market is quiet. German 10s sd, first marks 12s 4d.

The Bradford wool market is strong, and everything is hardening. Fortysixes 14ld. others unchanged. (Received April 24, 1.5 a.m.) The price of bran and pollard has been raised to £6.

Messrs Dalgety and Company havo received the following cablegram from London, dated April 22:—"There is a better demand for New Zealand frozen lamb, and the market is firm. We quoto prime Canterbury, heavy 4|d, light sd; prime North Island, heavy 4d, light iid. New Zealand frozen mutton stocks are heavy, and there is a poor demand for other than lightweights, for which there is a' better demand owing to scarcity. We quote prime Canterbury mutton, heavy 2£d, light 3|d; prime North Island, heavy 2|d, light 3d. There is a poor demand for New Zealand frozen beef, and the market is weaker. Wo quote prime ox beef, forequarters 2§d, hindquarters 3Jd. The demand for Australian lamb is limited. We quote Australian good average quality cross-bred lamb, heavy 3d, light Australian prime crossbred mutton, heavy 2|d, light 2id." SHAKE QUOTATIONS. The following are latest quotations supplied by Messrs Henderson and Burns: Latest

April 16. April 23. New South Walos 4 per cent 108 103 New South Walos 34 per cent 982 9S2 New South Wales 3 per cent 88 88 Victoria 4 per cent . 1034 1034 Victoria 34 per cent . 982 99 Victoria 3 per cent . 874 874 South Australia 3J per cont 994 994 South Australia 3 per cont 85 SS Queensland 4 per cent . 104| 1042 Queensland 34 per cent . 974 974 Queensland 3 per cent 854 862 New Zealand 4 per cont . 106 106 New Zealand 3| per cent . 99 99 New Zealand 3 per cent 87 874 West Australia 34 per cent 974 974 West Australia 3 per cent 86 864 Tasmania 3J per cent ■. 974 98 Tasmania 3 per cent . . 87 88

Shares QuoCompanies. Paid up. tations. £ b. <L £ b. d. Banks— Australasia . . . . 40 0 0 Ill 0 0 New South "Wales . . New Zealand . . . 20 0 S 6 0 8 47 0 0 8 14 0 Union of Australia 20 0 4 ' 02 10 0 National of N.Z. . . 2 10 0 5 4 6 Financial— Christchurch Building 10 0 0 11 12 6 N.Z. River Plato . . 1 0 0 1 13 9 Dalgety and Co. . . Mutual Benefit Bid.. 6 0 10 0 0 0 5 6 0 11 6 0 Permanent Investment 10 0 0 9 10 0 Gas Companies— Ashburton .... 4 10 0 6 0 0 Auckland .... 6 0 0 14 7 C Christchurch . . . 5 0 0 9 2 6 Feilding .... 1 0 0 10 0 Gisborne . . . . 1 0 0 2 11 0 Hokitika .... 6 0 0 5 15 0 10 0 0 25 0 0 New Plymouth . . . 6 0 0 8 4 0 Palmerston North . . 4 10 0 7 6 0 Port Chalmers . . . 1 0 0 0 10 0 Thames . . .... 1 10 0 1 16 0 8 0 0 5 0 0 S 0 0 9 0 0 ■Wellington .... 10 0 5 0 0 0 17 12 6 12 12 6 Insurance— Farmers' Co-op. . . a 10 0 2 10 0 0 10 0 18 9 New Zealand, Ltd. a o 0 3 17 6 South British . . . 1 0 0 2 11 0 0 15 0 110 Meal Preserving— Canterbury Frozen Heat 7 10 0 6 10 0 ChnstcVmrch Meat 10 0 n 10 5 0 1 0 0 2 10 0 4 0 0 10 0 0 Wellington Meat . . 5 0 0 0 4 0 Wanganui Meat . . 5 0 0 5 0 0 Railway and Shipmus*— New 'Zealand Shipping Company .... 3 0 0 6 15 0 "Woollen Manufacturing— jlaiapoi Woollen . . 5 0 0 4 17 6 Mosgiel "Woollen . . 3 10 0 2 13 0 Oamam Woollen . . 1 0 0 14 6 Wellington Woollen . I 0 0 3 0 0 Miscellaneous — Can. Con. Co-op. Dairy 1 15 0 ' 1 15 0 Cant. Farmers' Co-op. 2 10 0 2 18 6 N.Z. Fanners' Co-op. . 2 0 0 2 0 0 Now Zealand Drug Co. 2 0 0 2 7 3 Manning and Co. . . 4 0 0 3 17 6 Ward and Co. ... 4 0 0 4 13 0 Whitcombc mid Tombs 2 in r> 4 4 0 Westpoit Coal . . . 3 10 0 6 7 G