COMMERCIAL

Lyttelton Times, Volume CXIV, Issue 16326, 23 August 1913, Page 13

COMMERCIAL

LONDON MARKETS, ; . money and stocks. By, Telsgraph— Press Association—Copyright. • LONDON, August 21. Tbe weekly return of the Bank of England is as under: — Gold coin and bullion in hand . £-10,741.000 Reserve • • £31,404,000 Proportion reserve to liabilities . 58.62 Public deposits . . . . £10,342.000 Notes in circulation . . . £23,344,000 Government securities . . . £12.453,00!) Other-securities . . . £27,844.000 Other deposits .... £43,214,000 Bank Rate.—Tho bank rate is 4-} per cent, short loans 3 per cent, three months’ bills 3J per cent, Paris 3$ per cent-. Berlin 5 per cent. Consols: £73 17s 6d. Colonial securities.—Colonial securities are quoted as under, last week’s, quotations also being given:— Aug. Aug. 15. 21. New South Wales 4 per cent . 103 100 Ne-.v South Wales 8J per cent 9C4 96j New South Wales 3 per cent . 82 82 Victoria 4 per cent . . 09 99 Victoria 3} per cent . . . 98 93 , Victoria 3 per cent ... 77 77 Qupenslind 4 per cent- . . 100 101 Queensland 3J per cent ... 93 .93 Queensland. 3 per cent 78 78 South Australia 8J per cent . 89 89 South Australia 3 per cent . 73 73 New Zealand 4 per cent- . . 101 lilt New -Zealand 34 per cent . . 91 91 New Zealand 3 per-cent- 77 77 West Australia 3J per cent ; 8S 89 West Aujttalia 3 per cent ,80 81 Trw.runia 34 per cent . . 89 89 Tasmania 3 per cent . , . 81 81 GRAIN AND FLOUR. ■Wheat'.—The 'market is firm though tho demand for, cargoes is inactive. Two Australian cargoes sold at 365. No Australian on spot is offering. Flour is quiet and firmly held. 27s is asked for Australian afloat. Oats.—The market is firm and 15s IQ.JcI has been paid for La. Plata afloat. Beans, and Peas—The market is quiet and. unchanged. , DAIRY PRODUCE. . 'Butter.—The market is very dull and all prices nominally unchanged. 'Cheese.—The market is firm and unchanged. Bacon.—The market is flat. Australian flitches 62s to 68s. The.following cable message has been received by Dnlgety and Co., Ltd., Christchurch, from- their London office, ,dated August 21:—“Frozen meat— Market very quiet and j)rices unchanged.” •f AUSTRALIAN MARKETS. . U . • V. ' \ v " . . MELBOURNE, August 22. Grain and Produce.—Wheat, 3s 8-id per bushel: flour, £8 15s per ton: bran and pollard, £4 los. Barley—English 8s 9a to 4s Id per bushel \ Cape, 2s lid to 3s 2d. Oats—Algerian, 2s 2d to 2s , 3id per bushel. Potatoes -£23sto £2 5s- per. ton. Maize—3s 3d per bushel. Onions—£6.

MARKET REPORTS,

GRAIN AND PRODUCE. - . CHRIST CHURCH, August 22. During the last couple of months the grain anti produce market has been exceedingly dull, business being almost at a with declining prices and at present there are no signs of an impending change for the better. As has .been the case for some months, the amount of grain offered by farmers continues to be of very narrow compass, although during the last few days a little has been on offer, but in most cases the' wide divergence of ideas as to values held by sellers and buyers has resulted in little trade resulting, growers in almost every case standing out for prices which merchants consider above the parity of current values. Prices remain unchanged. Now oats have been placed on offer for some time, and virtually the whole of the small amount of business that is 'being done is ox store. Values remain unaltered.

The marked depression in the potato market which has characterised trade for somo weeks still continues, values having a still further downward tendency, and to-day merchants are offering from 80s to 3os on trucks at counttry stations, while in somo instances buyers refuse to advance beyond the first-named figure. Naturally under the circumstances holders are not inclined to do business at these prices, and many' of them have expressed their 'determination to feed tb.eir tubers to stock rather than accent current prl&sij. In anticipation of tho coming sowing season a fair business is being done in grass-seed, and a considerable number of parcels have changed hands for forward delivery. The market for cocksfoot has hardened somewhat recently owing to more inquiries. The following quotations are for purchases from farmers, net cash, sacks extra, delivery at country stations:— Wheat— Tuaean 8s 5d to 3s Cd, Hunter’s -6id to 8s "Id, Pearl 3s 9d to 8s lOd. Osts—Gartons la lid to 2s 3d, Duns Is lOd to,2b Id, Danish Is Od to 2s 2d, Algerian Is lid to 2s Id.

Barley—Malting 3s fid to’ 3s 9d per bushel, according to quality. Partridge Peas—3s id to 3s sd. Chaff—£2., Potatoes—Cl 10* to £1 15.-. flour—£9 per ton, 1001 b baa* £0 10-, 50lb hags £9 15s, 251 b bags £lO. Bran—Local £4 13s, f.o.b. £4 10». Pollaid —£8 per ton.

! Oatmeal—£l4 10s per ton. I Seeds —Ryegrass, Italian and Perennial, raaohine-dresßed parcels, 3» 3d to 3b 9d; cocksfoot, 13lb seed 3}d to 4d; white clover, machine dressod 13d to 14d, farm dressed. 9d to lid; cow grass Bd. Dairy Produce—Cheese, dairy, large 6Jd, loaf 6d; factory, large 6Jd to Gd. Butter, freah local factory prints is 4d, second grade Is 3d, farmers’ separator lOd, farm dairy 9d. Hams lid, sides 9§d, rolls 10Jd, rolled hams lid, lard, pats lljd. Kggs 10d per dozen. POULTRY. At tho Oity saleyards yesterday there was a medium entry of poultry, and tho demand for all descriptions was keen, tho market being: the best held in Christchurch since the inauguration of the Friday markets. Hens realised 4e 2d to 5s 6d, small roosters 3s 4d to 6s Id, and ducks os Gd, all at per pair. PIGS. Largo entries of pigs came forward at' the City saleyards yesterday, and there was good competition for all descriptions. Weaners and small stores made 13s 6d to ISs, and ordinary stores 18s 6d to 24s 6d. GRAIN SALE. The New Zealand Loan and Mercantile Agency Co., Ltd., beg to report 1 having held their periodical grain sale at their Durham Street anrj South Belt warehouses yesterday afternoon. There was a. very good attendance of buyers, and bidding was spirited for both wheat and oats, out very dead for potatoes. Wheat was exceptionally well sold. About 1200 to 1800 sacks were offered, and about 900 sacks were sold at auction and privately afterwards. Tho range of prices was: Wheat. —Whole 3s 2d to 3s 7d, seconds 2s 6d I to 2s lid : oats—Cartons," inferior Is IJM to 2s Id, good. 2s 3d to 2s 4-]d; Danish Is lid to 2s; old Algerians 2s Id. Barley.—Feed 2s to 2s Bd. Potatoes.—Table Up to Dates 37s 6d to 42s 6d, table Beauties 52s 6d, seed Beauties) 72s 6d, seed Come-to-Stay 755, all sacks in. RANGIORA HORSE FAIR. There was a large attendance at the monthly sale of horses at Tattersall’s Bazaar, llangiora, yesterday, but business was, rather dragging. There was an entry of 63, chiefly of tho agricultural class. Prices were as follow: Three to five-year-okl draughts £3O to £36, seven to eight-year-old- £25 to £3O, aged sorts £8 to £ls, hacks and light harness horses £5 to £l4. STOCK EXCHANGES. CANTERBURY. Tho latest quotations are:—

MINING— Waihi ...... 3 7 3 Junction Talisman . . • «'• . 220 Blackwater . • . . .110 Ross Goldfields . . . . 011 0 Mount Lyell . . . . . 1 5 G Tho following sales aro reported-—Christ-church G*a £7, New Zealand Insurance £5 os AUCKLAND. [Per Press Association.]! AUCKLAND, August 22. Sales made.—Waihi Grand Junction, 21s 6d; Ross Gold Fields, 11s 3d itwo parcels) 11s 8d (6d call); Auckland gas (preference) 28s; Occidental Consolidated 8d (two parcels); Waiotahi Is lOd; Victoria 4d; Waihi 46s 9d. Sales reported:—Waitangi • Consolidated 7d; Dovonport Ferry 36s 6d. WELLINGTON. [Per Press Association.] WELLINGTON. August 22. Sales reported:—National Bank of Neyr Zealand. £5 6s: Wellington Trust and Loan, £7 2s; Christchurch Meat, £ls ss: Union Steam ShiD, £2 4s; Ross, lls 2d; Waihi. £2 7s; Grand Junction, £1 Is 9d; Waitangi, 7]d. DUNEDIN. [Per Press Association.] DUNEDIN, August 22. Sales made. —Waihi £2 6s !)d; Union Steam £2 4s 3d. Sales reported.—Union Steam £- 4s, (six parcels) £2 4s 3d. MINING. GOLDEN FLAT COMPANY. [From Otm Correspondent.) GREYMOUTH, August 22. The Golden Flat Mining; Company, Limited, has been successrully floated arid registered in Wellington. The capital of tho company is £16,000, of which £10,500 is contributing and £3OOO is hold in reserve. The provisional directors are Messrs Snow (Wanganui), W. J. Moye (Ross), Benge (Wanganui), Loo (Hokitika) and Roberts (Feildmg). The company has been floated for the purpose of working 100 acres at the back of tho Kanieri township. THE BUTTER TRADE. By Telegraph—Press An so elation —Copyright. LONDON, August 12. The Colonial Butter Committee, in conjunction with soiling agents, has formed a Butter Sellers’ Protection Society to prevent tho fraudulent sale of margarine as butter. CUSTOMS RETURNS. Tho following is a statement of the duties collected by the custom-house Christchurch, during the week ended Friday:—Spirits £2228 13s sd, cigars and cigarettes £7lO 13s' Id,, tobacco £lßls 3s 6d, wine £6O 17s 4d, beer £7O 16s 9d, cocoa and ohooolate £29 17s 7d, goods by weight £3ll 19s Gd, goods al valorem £6237 2s lid, other duties £l3l 14s od, total £11,596 ISs Id.

BANKS— 1 A * a. National of N.Z., Ltd. . . .55 0 Bank of Now South Wales . 40 0 0 Bank of Australasia . . . 118 0 0 New Zealand 10 8 0 Union of Australia, Ltd. .* ..54 10 BREWERIES — 0 Crown Brewery . . . . 1 15 0 Manning and Co. . . • ,46 0 "Ward and Co. . • , .50 COAL— 0 Tauniri . '. . • .11 6 "Westport 18 6 "Wcstport-Stockton . . . ,04 FINANCIAL0 Christchurch Building Society . 11 10 0 Dalgety and Co 0 10 0 Dalgety and Co. (preference) . 10 0 0 Mutual Benefit (Canterbury) .11 2 6 National Mortgage . . . . 3 19 0 N.Z. Loan and Mercantile . •• 0 10 6 N.Z. and River Plato Land, ex . 2 0 0 Permanent Investment, Cant . a 7 GAS6 Ashburton (£4 10s paid) . . 5 18 0 Ashburton (£2 paid) . . . 2 10 0 Auckland . • • • . 1 10 6 Christchurch (ex-div. cum rights) 7 0 0 Fcilding . • • • . 0 16 G Gisborne 2 2 6 Hokitika 6 12 G Napior 16 5 0 New P.ymouth . . • . 7 10 0 Palmarston North . . . . 8 15 0 Timaru 9 0 0 "Wellington (110 paid, ex div.) . 15 16 INSURANCE— 0 Farmers' Co-op. (£5 paid) . . 5 16 Fannora’ Cooperative" (ex div.) . 5 8 6 0 Farmers’ Coop. (£2 10s paid) . 2 17 6 Farmers’ Co-operative (ex div.) . 2 14 0 National of N.Z. . ..26 6 New Zealand (ex div.) . . .55 0 South British . x . . . . 3 lo Standard of N.Z. . . . . 1 12 MEATG Britlsh-N.Z. Meat ....10 0 British-N.Z. Meat (15« paid) . . 0 15 C Canterbury Frozon Meat . .37 Canterbury Frozen Meat (pref.) 5 0 G 0 Christchurch Meat Co. (£10 paid) 16 o 0 Chris tohnrsh Meat Co. (£5 paid) 7 10 0 Ohristokareh Meat Co. (iS paid) 4 10 0 Christchurch Meal Co. (£2 paid) 8 0 0 Gear Meat Co. (£4 paid) . • 12 7 G Gear Meat Co. (£i paid) . .35 0 Wellington Meat Export (£5 paid) <> 11 0 Wellington Meat Export (£4 paid) 5 0 Wellington Meat Export (£12 I2s 0 Od paid) . . ..30 MISCELLANEOUS— 0 Booth, Macdonald . . . 1 0 0 Booth, Macdonald (preference) . 1 0 0 .Bowron Broe. . . o 30 l) B.I.C. (10s paid) . . 0 12 G B.I.C. (5s paid) . . . .06 3 u.l.C. (preference) . . .12 Farmers’ Co-op., Timarn . 2 17 Cant Fanners’ Co-op., Timaru (pvsferenoe) . 5 2 8 G G Maion. Struthera (41 paid) . .18 0 Struthors (14j paid) . . 0 15 Milburn Lime . in 6 0 N.Z, Drug Co. ’ a j 0 Golden Bay Cement Co. .’ '.,10 Glenroore Bnch 0 16 0 0 • S-Z- Farmers’ Co-op. ] 2 8 If IHS &).,<"•'■> • 5,5 N.Z. Paper Mills . ’ ' ri 16 G 0 0 6 : 0 12 * nd Ag * ucy • 3 , i 6 0 0 S8GSA%r' •' : l1 SHIPPING- b * -.-64 N.Z. Shipping Co. -- Union Steam Shin . *' * * ,, , Northern Steam* * * ’ 0 0 0 0 WOOLLEN- ... 0 16 Kaiapoi . . 83S*?*r< '■ • '• , 0 6 Oamaru . ***•?„ Wellington , * • • " g 13 0 6 1