COMMERCIAL.

Lyttelton Times, Volume CXV, Issue 16606, 18 July 1914, Page 13

COMMERCIAL.

LONDON MARKETS. ' THE WOOL SALES. . #y Tttofwph—Press Association— CopyrightLONDON, July 16. ' At the wool 6ales good prices were ob-Itined-for all sorts and prices are firm. (Received July 17, 8.10 p.m.) LONDON, July 17. The following prices were realised for tie fleece .portions of the New Zealand cEps:named:—Okare, top 10*d, average »£*; G.P.D., top 13id, ayerage_l2*d; J. 0., top 15*d, average 12Jd; St Allans,'top 16Jd, average 12|d; Otanata, top 14d, average 13|d; Severne, iop 16d, average 13fd. GRAIN AND FLOUR. The downward tendency of the market continues owing to the excellence '#f the' American winter crop. Despite unfavourable Continental reports, English conditions favour a good early harvest. Australian cargoes are quieter. Betters'"-are holding Australian, spot, nominally at 37s 6d. , nour—Little business is being done. Spot 24s 9d to 25s 6d, sellers holding irmly. „,'".« . Oats—The marke* is quiet; 21s c.i.r. Us asked and 203 9d offered for A Qar,tons, July shipment. ! Beans—Little is doing. New Zealand July shipment are worth about 33s c.i.f, market is firm; 52s c.i.f. .has [>, been paid for first New Zealand maples on passage to Avonmonth. DAIRY PRODUCE. <> 'Bfiitfi^—Ttie market!is. Ifish 128 s 6d. There is a better inquiry for'colonial. Australian, choicest salted, 110 s, some 112 b, fine 106 s to 108 s; choicest unsalted 112 s, some 114 s, fine 108 s to 110 s; New Zealand, unsalted, 114 s to 116 s. Cheese—New Zealand, white 65s to ,65a 6d, cokwred 63b to 645. ■ ■'.'-■' months'£6l lis 3d; electrolytic £63 7s 6d , Tin-M3pot £l4B 15s, three months'! £146 ss. ' ■ \ Lead—£l9 2s 6d. Shelter—£2l 6s 3d. • ,' J '•• Pig-iron—slb 4}d. %j\ • . SUGAR. German 9s 4d, first marks lis 6d. BRADFORD WOOL MARKET, The Bradford wool market is very quiet and prices are unchanged. 'MONEY AND STOCKS. ' ■ ;. LONDON, July 17. Bank Return—The weekly return of the Bank of England is as follows: Gqldcoin and bullion in hand . £38,458,000 Tteserro ', ... . . , '£29,189'000 Proportion reserve to liabilities . . : 5" 28 .'" £°ks. in .circulation . . . Public, deposits .... £13,819,000 j ' G W«r. - deposits .... £42,486,000 | government secmities . ' . . £11,005,000 Oywr-securities . . , £33,623,000 \ ■ The bank rate is 3 per cent. - Short 1 :loans,, li; three months' bills, 2J'; Paris! 2}; Berlin, -21. i Conspls--£75 12s 6d. ' Colonial'securities are quoted as follows :-—',,:

The Now Zealand Loan and MercautileT Agency Company, Limited, have received tho following cable message from Loudon, dated July 16:—"As compared' with last sales closing rates, prices are higher about 5 per cent for, fine scoured cross-bred, merino, fine greasy .cross-bred;, about ..the same for coarse .greasy cross-bred, lambs merino tndjwfino cross-bred slipe; lower about paryto 5 per cent for cross-bred lambs,

coarse scoured cross-bred, 'coarse crossbred slipe, medium cross-bred slipe and medium scoured cross-bred; and higher about par to 5 per cent for medium greasy cross-bred. There is good xallround competition." Messrs Dalgetyand Co., Limited, Christcliurchi have received from their London office, dated July. 16, the following cable message;— Frozen meat: The market is dull owing to the hot weather. Prices are unchanged.

AUSTRALIAN MARKETS.

GRAIN AND PRODUCE. MELBOURNE, July 17.

.Wheat—Bs IOJd to 3s ltyd. Flour—£9. Bran—£s 10s. Pollard—£s los. Barley—English malting 3s to 3s 6d, Cape 2s 2d to 2s 6d. Oats—Algerians 2s Id to 2s 3d. Maize—3s 2sd. Potatoes—£4 5s to £4 10s. Onions—£6 los to£7.

VICTORIAN TRADE. MELBOURNE, July 17. The trade returns for Victoria for the year ended June show that imports increased by £887,191 and exports increased by £413,226.

, MARKET REPORTS. ,/_ GRAIN AND PRODUCE. CHRISTCHUROH, July 17. Business in grain and produce generally continues very slack, and there appears to be little inclination to operate on the part of merchants, while holders display little anxiety to part with their stocks at current prices. One result of the disinclination to purchase on s the part of merchants has been to severely restrict offerings, and during tho last few weeks the number of samples submitted has been very small, sometimes days passing without more than a couple of specimens being placed under offer. The transactions in wheat have been few and far between, but supplies seem to be ample for requirements, which have gradually dwindled from week to week until tho bottom must surely have been reached. Prices remain unchanged, but these must be taken as being largely nominal, and it would bo difficult to predict what.would bo tho effect on the market were .a few lines of large proportions forced for sale. Oats, too, are coming forward in quantities, but here again supplies are sufficient for tho trade .that can bo done, business being confined mainly to a few small parcels:, for local requirements. Except for very prime Gartons there •is little demand, the only other class sought' after being good Duns for feeding purposes. There has been no change in values since the last report. The potato market is very quiet, there being few buyers, whilst at the same time sellers are not by any means numerous. Many merchants who purchased forward, some at prices considerably in advance of those current to-day y still hold stocks, although.these are being gradually absorbed, and until they have unloaded these they appear indisposed to do business. It is anticipated that the majority of the contracts made some time ago will expire at the end of the current month, and shortly afterwards it is expected that many North Island buyers will bo under the necessity of again coming on to the market. At present the quantity being sent northwards is by .no means large, but a few parcels have been shipped on consignment with a 'view of testing the market. HpUers are still standing out for more money than they can obtain at present, and some aver that unless they can obtain their prices they will feed their stock.

The following quotations are for purchases from farmers, net cash,*, sacks extra, delivered at country stations: — Wheat—Tuscan 8s Bd. Hunter'* 3s 9d, Penrl 3s 9d to 3s lOd, 'owl wheat 8s 3d to Ss 5(1. ..

Outs—Gartous Is-. 7d to In Dd, Algerian* Is 4d to Is Bd. Duns Is 6d to Is Sd, D&ni*i» Is 6d to Is 6d. Potatoes—sos to CDs, .according to date of delivery..

Barley—llnHing 8 „ 2d to Sa Sd per bushel, according to quality. Partridge Pem_4s Chaff—<M 6a. Onions—£B 10s. Flour—Ssckj £lO per ton, 100!b baj« ~\'lo 10i, 601 b Bran—Locrl £i c S) f.o.b. £4. Pollard—£6 per ton. Oatmeal— £12 per ton , Sqsdo—Ryegrass, Italian and Perennial 2« to 2» 3d. cocksfoot, JClb seed 4jd to 4|d, white clover, farm dressed 7d to 10d, coir jraas 6|d to "h\. Dairy Produce— Choeie, dairy Urge SJd, loaf 6d; factory, large sjd to (VI. Butter, fresh loc.-.l tuiUny prints, second grade Is Id, farmer's separator Ihl, farm duiry 10d. Haras Is, sides yj,d, roll* IOJd, rolled bams lid; ln.rd, pats BJcl to od. Eggs Is 3d »er dozen. PIGS. At the city sale-yards yesterday the yarding of pigs wn's a small one, being confined to small stoves. The demand, however, was satisfactory, and prices ranged from 12s to lis. POULTRY. At the Christchureh saloy.ir.ls yesterday the entry of poultry was a comparatively small one, and several classes were unrepresented. All birds offered sold well, liens making'3s to 6s Gd and roosters 3s 6d to Gs Scl. KIRWEE. On Friday at the Kirwee sale about 500 sheep came to band, all stores, inside up chiefly of hoggets, mostly of a poor class, a lew owes in lamb and two small lots of wethers. There was only a. moderate attendance, but with the exception of One lot of owe hoggets (passed at 17s 6d) all changed hands as follows: —52 four, six a.nd eiglit-tooth cross-bred ewes (poor sorts) in lamb 22s Id, 48 forward four-tooth cross-bred wethers 21s Bd, 43 two aud four-tooth (backward sorts) 18s, 80 cross-bred hoggets (mixed sexes) 16s lOd, 77 ewe nog- . gets (small) 14s lOd. 17 at 14s 7d, 43 wether hoggets Ms 2d. 11 failing-mouth merino ewes in lamb 7s 6d.

STOCK EXCHANGES.

AUCKLAND. [Pjbr Press Association.] _ AUCKLAND. July I<. Sales made—Northern Steams (paid up), 14s 9d (con.). 6s 8d; Saxon. o\d ; Watchman. 2s 2d; Ross Goldfields, 2s; Talisman, 33s 3d, 33*; Waihi, 41s.

WELLINGTON. •Pkr Press Association.] WELLINGTON, July 17. Sales reported—Ross Is IVA Grand Junction £1 6s 6d.

DONEDIN. [Per Press Association.]. DUNEDIN, July 17. Sales reported.—Union Bank £62 7s 6d, Kaiapoi Woollens (ord.) £5 65,6 d, Portland Commit 9s'3d, Waihi 41s 3d, Taupiri Coal 21 s 6d.

MINING. MOUNT LYELL RETURNS. . By Telegraph—Prcßß Association— Oopyngm. MELBOURNE, July V>. The Mount Lyell returns fronvJwge Jl to July 8 inclusive show that 26.4* tons of ore. also live tons of purchased ore, were treated and yielded 574 tons of copper, 33.211 ounces of silver and 812 ounces of' gold. BROKEN HILL DEBENTURE SYDNEY. Ju'v I'.--. The Broken Hill directors . have allotted debentures valued at Australian applicants receive £20,000. WAIHI GOLjTmINING CO. JfONTIIxFiIITURN[Per Pr ESB Association. :j •■■ ■• n . AUCKLAND, l t A in ?« ln & th « four weeks ended July 4 Inst the Waihi Gold Mining Co, wished

and treated 15,057 tons of oro for_a return of bullion valued at, £20,88J. This shows !i)i increase of £6lO compared with tbo return for the corresponding period of last year, when 14,568 tons yielded £25,279.

THAMES DEEP LEVELS. [Per Press Association.] THAMES, July 1«. The development of the Thames deep level at a thousand feet, which was interrupted for months by an inrush ot carbon-dioxide gas and water througn the piercing of {ho Moanataian slide, is to bo recommenced. A connection between the Thames-Haurab and me Waiotahi shafts has been effected, and the use -of blowers and exhausts now fives good ventilation to enable tlie cross-cut to be continued to the nortneru end of the field. The work has cost £20.000. The Government granted'a. eubsidy of £SOOO and intended to sink various shafts to connect with the low level. The. only shaft now connected is Waiotahi. . The resumption of operations lias given general satisfaction, as if a now goldfield is discovered it will be through in the low levels.

*M&"< e tit i , ? uly 10 " Jul * 17 - jNerr South Wales 4 per cent 100 101 ftew South Wales 3J per cent 100 100 Kew, South Wales 8 per cent 83 83 Victoria-4 per cent . , 100 100 Victoria 8J per cent . 95 95 Victoria 3 per cent ;'••"., , 80 • 80 Queensland 4 per cent . 95 95 Queensland 8J per cent . 95 95 Queensland 3 per cent . 79 79 South Australia 3J per cent . 90 90 South Australia 3 per cent . 74 74 Ifew Zealand 4 per cent . -■ r . 99J 99J Jfeir Zealand 3§ per oent . ' , 89 89 Svew Zealand 8 per cent . 80 80 West Australia 8£ per cent , 92 92 West Australia' 3 per cent . 86 8G Tasnianla 3} per cent . , 90 90 Tasmania 3 per cent . 80 - 80

CHRISTOHUBCH. The following are the latest quoi a'ions: — i s. d. BANKSNational 5 16 8 Nov.- South Wtilcs . . . . <!5 2 6 Australasia. , . •. . . 196 0 0 New Zealand - (£3 Gs Set paid) 10 18 0 New Zealand (fully paid) 17 0 0 Union of Australia, Ltd. 62 0 0 Commercial of Australia, Ltd. . 1 8 6 Commercial iof Australia, (pref.) . 7 7 0 BREWERIES1 15 0 Manning , ... , , 3 18 6 Ward , , . . . £10 COALTautriri ' . i . . , 1 1.6 Westport ...... 1 10 0 0 2 9 FINANCIALGhristchuioh Building Society . 11 IB 0 7 7 6 Dalgety (non-cura. pref) 10 0 0 Mutual Benefit (Canterbury) Hit) National Mortgage .... 4 5 0 N.Z. River Plato Land Mortgage 2 2 0 Permanent Investment (Cant.) 9 5 0 OASAshburton (H IGe paid) , < IS A Anhburton (£7 paid) S 10 0 1 10 0 7 7 0 Gisborne , . 9 9 0 ISO Napier , , . , 19 0 0 New Plymouth , , 6 0 6 Palmerstou North . . 10 10 0 8 0 0 Wellington (£10 paid) . 1G 10 0 INSUBANCEFarmers' Co-operative (£8 paid) . BOO Farmers' Co-oporatirs (£2 10a pd) 80 0 5 18 9 New Zealand . ■ "'.. , . GOO 4 13 G Standard . , , 1 17 0 UEAT-Britieli-N.7, . , . . 10 0 British-N.Z. (lis p*ld). O IS 0 8 16 6 Canterbury (pref) .... 5 2 6 Christchurch (£10 paid) . . 16 10 0 Christchurch (£5 paid) . , 8 0 0 Christohuroh (£3 paid) . . 4 IS 8 Chriatchuroh (£2 paid) . . 8 8 a Gear (£i paid) • ... 14 7 8 Gear (£1 paid) ... ■. 3 15 0 Wellington (£5 paid) . . 6 8 6 Wellington (£i paid) 5 0 0 Wellington (£8 12s 6d paid) . 3 2 6 MISCELLANEOUSBooth, Macdontld , 0 18 6 Booth, Maodonald (♦ p.e. ean. 0 19 6 Bowron Bros. •.».#■• 0 7 3 Colonial Sugar . . k . 49 10 0 D.LC. (5a paid) j . « . 0 7 0 D.I.C. (10a paid) . . . . o ia e D.LC. (pref.) . ..-.'".. . . 12 6 Cant. Farmers' Co-op., Timaru . 2 13 0 Cant. Farmers' (p«f. ra dir. only) 6 0 0 Kami Timber (fully paid) . • l is a Kauri Timber (15s paid) 0 19 6 Levland O'Brien Timber . . 13 0 If Leod Bros . . 14 0 0 Mason, Strutters (41 paid) ISO Mason, Struthers /14s paid) . n is 6 Milburn Lime . ... 1 13 0 2 6 G Golden Bay Cement . . 1 0 3 Glenmore Briok . . 0 19 0 N.Z. Farmers' Co-op. 2 8 3 NZ. Farmers' Co-op. (1st prof.) . fi 6 0 N.Z. Portland Cement . 0 8 6 N.Z. Paper Mill* .... 0 17 0 Taranaki (N.Z.I Oi' Wells . . 0 4 A Trustees, Executors and. Agency . 9 13 8 Perpetual Trustees .. : 1 2 G Simpson and Williams (20s paid) 1 1 0 Simpson and Williams (10s paid) 0 10 « Weeks, Ltd. . . . 5 1 G Whitconibc and Tombs . 6 3 0 SHIPPING— Now Zealand .... 167 « New Zoaland (G per cent pref.) . 10 5 0 14 9 Union Steam (5| per cent pref.) 10 9 Huddart-Parkor . . 1 2 fi Huddart-Parker (6 per cent pref.) 1 1 G Northern Steam . . . 0 14 G Northern Steam (7s paid) 0 G 6 TTOOLLENKaianoi . . . . . . 15 6 0 Kaiapoi (pref. is dir. only) . 5 5 6 Mosgiel . . . 3 lo 0 Oamaru ..... 16 6 Oamaru (pref.) . ' 16 6 Wellington v . • 4 5 0 Wellington (pr»f«renc«) . 3 2G MINING2 10 J unction 16 6 Talisman .' 1 13 0 0 2 6 0 0-7 Consolidated . < • . 0 13 6 Black water 0 17 0 Progress ...... 0 10 3 Ross Goldfleidi .... 0 2 0 Mount Lyell . ... 14 6 0 IS 9 •Pwfwwuje as to dividend oi Uy. +Ex dividend.