COMMERCIAL.

Lyttelton Times, Volume CXXII, Issue 15557, 6 March 1911, Page 7

COMMERCIAL.

United Frees "Association —By Electric Tolegrapk—Copyright. LONDON, March 3. MONEY AND STOCKS. Gold coin and bullion in hand . £37,063,000 Pie servo . . . ... . £29,081,000 Proportion reserve to liabilities 49.89 Notes in circulation . . . £27,630,000 Public deposits .... £19,032,000 Other deposits .... £39,241,000 Government securities . . . £14,688,000 Other securities .... £32,795,000 Bank Rate. The bank rate is 3$ per cent; three months bills 2 P-16 per cent, Paris 2| per cent, Berlin 3 per cent, short loans 3f per cent. Consols. —Consols are quoted at £BO 17s Gd. Colonial Securities.—Colonial securities ale quoted as under, last week's quotations being also given:— Feb. 24. ilrch. 3. New South Wales 4 per cent 105$ 105$ Now South Wales 3$ per cent . 98 38 New South Wales 3 per cent 83$ ' 87 Victoria 4 per cent . . . 103$ 103$ Victoria 3$ per cent . . . 97J 97$ Victoria 3 per cent ... 85 85 South Australia 3$ per cent . 97 97$ South Australia S per cent . 82 S 3 Queensland 4 per cent . . 103$ 103$ Queens'and 3$ per cent . . 97 97 Queensland 3 per cent . . 85$ 85$ New Zealand 4 per cent . . 105$ 106 New Zealand 3$ per cent . . 95$ 97$ New Zealand S per cent 87 86 West Australia 3$ per cent . 971 97$ West Australia 3 per cent . 87 87 Tasmania 2$ per cent . . 97$ 97$ Tasmania 3 per cent . . 85 S 3 METALS. Silver.—2s 0 5-16 d per oz. Copper.—On spot, £54 12s 6d per ton; three months, £56 11s 3d per ton; electrolytic, £57 5s per ton. Tin.—On spot, £lB9 5s per ton; three months, £lB4 5s per ton. Lead.—£l3 Gs 3d per ton. Spelter.-—£23 per ton. Iron—£2 8s 8d per ton. PRODUCE. Sugar.—German, 9s lid; first marks, 11s lOd. Butter.—Danish, 119 s to 121 s. Choicest salted and unsalted colonial is selling readily at late rates. Secondaries are plentiful, but neglected, with a downward tendency. Many Australian brands are showing signs of heat when made. Cheese..—The market is firmer; New Zealand white, 575: coloured, 595. Grain and Pulse.—Wheat—The markets are depressed, especially for distant cargoes, owing to thp continued pressure to sell Indian and River Plate cargoes. Tho weakness of the American supply and heavy world’s shipments, though decreasing stocks in the United Kingdom, have caused a demand for near wheats, and 33s 9d per quarter has been asked for Australian January-February-Maroh shipment, 33s Gd for parcels of March-April, 31s 9d to 32s for cargoes of New Zealand new crop, March shipment-. There is a small inquiry for Australian on spot at 36s 6d to 375. Flour is slow: Australian patents 25s ox store, 23s 3d FebruaryMarch shipment. Oats—The market is slow; Gartons 19s to 21s Gd, Sparrovvbills ISs 6d to 20s 6d; La Plata, March-April, 13s. Beans—For New Zealand tho market is slow at 35s to 365. Wool.—The Bradford wool market is unchanged, but business is limited. FROZEN MEAT. LONDON, March 4. The Frozen Meat Trades Association’s Smithfield Market quotations for the undermentioned classes of frozen meat are based on actual sales of not less than 100 carcases of mutton or lamb or 25 carcases of beef of fair average quality. These quotations ore not for selected lines, but- for parcels fairly representative of the bulk of the shipments now on the market:—. Feb. 25. March 4. Mutton— Canterbury, light . . Canterbury, medium . Canterbury, heavy . . —' North Island, ordinary . 3£ 3 9-lff North Island, best brands 4 3| Australian, light . . 3 215-16 Australian, heavy . . 2 15-16 27River Plate, light . 3$ 3$ River Plate, heavy . 3$ 8$ Lamb— Canterbury, ligbt . , 5$ 51 Canterbury, medium . 5$ 5| Canterbury, heavy . . 511-15 5$ North. Island, selected .5 4J North Island, ordinary . 4J 4J Southland, selected . . Australian, best brands . 4$ 4$ Australian, fair quality . 3$ 3$ Australian, inferior . 3g 3(j River Plate . . . 41-16 Sls-16 Beef— New Zealand, fores 3$ o| New Zealand, hinds . . 3J 3} Australian, fores . . 21 25 Australian, hinds . . 3f 3J River Plate, fores . . 2J 25 River Plate, hinds . . 34 3$ (Received March 5, 5.5 p.m.) The Western Australian loan has been fully subserbed. Rabbits.—The market is unchanged. The demand is improving.

SHIPPING. LONDON, March 3. Arrived—Turkestan, from Wellington.

CANTERBURY STOCK EXCHANGE. SATURDAY’S CALL. The following prices ruled at the call of the Exchange on Saturday: Buyers. Sellers. £ s. d. £ i. d. BANKS— National of N.Z. . 6 3 0 GAS— Christchurch (£5) . 10 0 0 COAL— Westport . . .ISO Westport-Stockton . 0 5 8 MI S CELLANEOU S Booth, Macdonald and Co. ... 1 t 0 Mason, Strothers (£1) ISO Mason, Strothers (14s) 0 18 0 N.Z. Partners’ Co-op. 2 12 0 MINING— Wailii Grand Junctions 16 8 Tho following sales were reported:—Wellington Woollen. £3 lfs, preference, £2 17s 6d; Taupiri, £1 2s; Westport,'£l 8a Sd; N.Z. Farmers' Co-op., preference, £5 Js; Wailu Grand Junctions, £1 5s Gd. £1 os 6d.