COMMERCIAL.

Lyttelton Times, Volume CXXIII, Issue 15920, 4 May 1912, Page 13

COMMERCIAL.

Unilod Press Association—By Electrio Telegraph—Copyright. LONDON, May 2. Wool.—At the wool sales there was good competition, with prices unchanged. Shares.—Waihi 38s 9d to 41e 3d, Talisman.43s 9d to 46s 3d. Silver. —2s 4Jd per oz. MELBOURNE, May 3. Wheat—4s 4d to 4s 4Jd per bushel; flour, £9 5s per ton. Oats—Algerian, feeding 3s 6d per bushel, seeding 3s 8d to 3s lOd; white, 3s sd. Barley—Prime English 6s 4Jd per bushel, Cape 4s lOd to ss. Maize—4s 8d per bushel. Bran and pollard—£6 15s to £7 5s per ton. Potatoes—£7 to £8 5s per ton. Onions —£ll os per ton. ADELAIDE, May 3. Wheat—4s 4Jd per bushel; flour, £8 17s 6d to £9 2s 6d per ton. Oats—3s 2d to 3s 3d per bushel.

MONEY AND STOCKS. (Received May 3, 8.45 p.m.) LONDON, May 3. Bank Returns:—The w;eekly return of the Bank of England is as under : Gold coin and bullion on hand £38,268,000 Reserve . . •..-..• £29,061,000 Proportion reserve to liabilities 48.91 Note 3in circulation . ' . . £29,060,000 Public deposits .... £18,048,000 Other deposits .... £41,340,000 Government securities . . . £14,155,000 Other securities ... £33.977,000

Bank Rate.—The bank rate is 3J per cent, short loans 2| per cent, three month's bills 3 per cent; Paris 3 per cent, Berlin 32 per cent. ( Colonial Securities. —Colonial securities are quoted as under, last week's quotations also being given:—

METALS. Copper.—On snot, £69 12s 6d per ton; threo months, £7O 7s 6d; electrolytic. £72 15s Tin.—On spot, £2ll 10s per ton ; three months, £207 10s. Lead.—£l6 10s per ton. Spelter.—£2s 15s per ton. Iron.—£2 14s Id per ton. WOOL.

The Bradford wool market is very firm. Business is restricted and nil classes of wool have advanced one farthing. SUGAR. German, 13s sd, first marks 16s 9d. . GRAIN AND FLOUR. Wheat.—The markets are very dull and there is no inquiry for cargoes, though sellers mostly are willing to accept a reduction. They have asked 40s 6d for South Australian. February shipment 39s 9d, April 40s 3d; for Victorian and New South Wales. February shipment 39s 9d, March 395. For parcels of April-May shipment there is little enquiry. Australian wheat on spot is quoted at 435. Oats.—Business is quiet La Plata April-May shipment 17s 6d. Flour.-r-Tho market is quiet. BUTTER AND CHEESE.

Butter.—Danish butter is very dull of sale at 113 s to 115 s. Colonial is slightly firmer. Choicest Australian 101 s, 106 s to 108 s. Unsalted 110 s, secondary quality 100 s to 102 s. New Zealand 110 sto 112 s. Unsalted 114 s. Cheese.—The market is steady. (Received May 3, 11.5 p.m.) LONDON, May 3. New Zealand clips sold as follow, at the wool sales:—Stonyhurst, top price lid, average 12£d; Oamaru Hid and 93d. Messrs A. H. Turnbull and Company have received the following cable from Messrs Weddel and Company, Limited —" Butter—Danish 115 s, New Zealand first-grade salted 110 s, unsalted 114 s. Market: closed steadier, light supplies from New Zealand.* Cheese.—New Zealand first-grade white cheese 60s, coloured 70s. Market: Good enquiry." STOCK EXCHANGE OP CANTERBURY. Tho following sales were reported on 'Change yesterday:— Union Steam Ship, £2

The latest quotations are: Banks—Bank of Australasia, £120; National of New Zealand. £6 Is 6d; Bank of New South Wales, £46; New Zealand, £ll 7s 6d; Union of Australia, £63. Financial—Christchurch Building Society, £ll 10s: Mutual Benefit (Canterbury), £ll 5s j National Mortgage, £4: New Zealand Loan and Mercantile, lis 6d; New Zealand and River Plate Land, £2; Permanent Investment (Canterbury), £lO. Gas—Ashbuiton. £6 10s; Auckland (£5 paid), £3 9s; Christchurch. £9; Feilding, £1 2s 3d; Hokitika, £5 15s; Timaru, £9 7s Gd;. Wellington (£lO paid), £lB 6s; "Wellington (£S 10s paid), £l6 ss. Insurance—Farmers' Co-operative, £2 1-s 6d; National of New Zealand, £1 19s; New Zealand, £1 18s 6d; South British of New Zealand, £3 16s 6d; Standard of New Zealand, £1 10s.

Meat —British-New Zealand Meat, £1 10s; British-New Zealand Meat (15s paid), 16s; Canterbury Frozen Meat, £8; Christehvnch Meat Co. (£lO paid), £ls 7s 6d; Christehurch Meat Co. (£5 paid), £7 15s; Christehurch Meat Co. (£3 paid), £4 2s 6d; Christehurch Meat Co. (£2 paid). £2 17s 6d; £4 Christchurch Meat Co. '£2 paid), £2 17s 6d; Gear Meat Co. (£4 paid), £l2 15s; Gear Meat Co (£1 paid), £3 ss? Wellington Meat Export (£5 paid), £6 ss; Wellington Meat Export (£4 paid), £5 4s; Wellington Meat Export (£2 12s 6d paid), £3. Shipping—New Zealand Shipping Co., £lo; Union Steam Ship, £2 10s. _ Woollen Manufacturing—Kaiapoi, £o ss; Kaiapoi (preference). £5 7s; Mosgiel, £3 7s 6d; Oamaru, £1 7s 6d; Wellington, £3 10s Coal-Taupiri, £1 2s 3d; Westport, £1 9s, Westport-Stockton. 2s 6d. Miscellaneous—Booth. Macdonald and Co., £1; DIC' £<i 3s; D.I.C. (preierence), £1 3s, Canterbury Farmers' Co-op., Timaru, £2 19s; Mason, Struthers (£1 paid), £1 4s ed; Mason Struthers (14s paid), 17s; Milburn Lime, £1 10s; Golden Bay Cement Co., £1 4s 6d; New Zealand Drug Co., £2 10s; New Zealand Farmers' Co-op.. £2 9s; New Zealand Farmers' Co-op (preference). £3 os; frow Zeaknd Portland Cement, £1 10s 6d; iSew Zealand Paper Mills, £1 2s; Taranaki Petroleum, £1 2s 6d; Whitcombe and .tombs, £6 10s. „ Breweries—Crown Brewery. £1 los; Manning and Co., £4 5s (ex. div.); Ward and Co., £5.

rTAT7 ffmi+Tl TK7«1a« A nan rnrtl Apl. 26 May 3. *""• ovum which 4 per cons New South Wales SJ per cent 98J 981 New South "Wales 3 per cent 85 86 Victoria 4 per cent . ioa 102 Victoria 31 per cent 9BJ 961 Victoria. 3 per cent 8-lJ 84J South Australia SJ per cent . 97 97 South Australia 3 per cant . 851 "851 Queensland 4 per cent . 1021 102J Queensland 3J per cent . 961 961 Queensland 3 per cent . 81 84 Now Zealand 4 per cent 1WJ 1021 Now Zealand 3| per cent 97i 97 New Zealand 3 per cent ' 851 851 West Australia 3J per cent . 941 941 West Australia 3 per cent 86 86 Tasmania 8} per cent . 9$ 06 Tasmania 3 per cent . 85 85