COMMERCIAL.

Lyttelton Times, Volume CXV, Issue 16744, 28 December 1914, Page 9

COMMERCIAL.

LONDON MARKETS. MONEY AND STOCKS. By Telegraph— Press Association—Copyright. LONDON, December 25. Tho weekly returns of the Bank of England are'as under:— Dec. 17. Dec. 24.

Short loans, lj per cent; three months' bills, 3} percent. Silver, Is 10 11-16 d per ounce. FROZEN MEAT TRADE. .LONDON, December 25. The Frozen Meat, Trade Association's weekly quotations for tho undermentioned classes of frozen meat aro based on actual sales of not fewer than 100 carcases of mutton, or lamb, or 25 oarcases of beef, of fair average quality. Theso quotations are not for selected lines, biit for parcels fairly representative of the bulk of the shipments now on the market:

DAIRY PRODUCE. j Colonial butter is firm, but prices are unchanged The position is due to short supplies, owing to slow discharge of several steamers. Danish is slow, with an easier tendency. Cheese is steady; Tfis to 775. METALS. Copper—£s6 7s (id, three months £56 15s. Electrolytic—£6l. Tin—£l46. three months £144. Pig Iron—£s3 9s. Lead—£l9 2s fid to £ls od. Spelter—£27 to £27 os. SUGAR. Foreign granulated sugar 27s 3q \o 27s 6d. WOOL. Tho Bradford wool market is qnvt for spot prices. Sixty-fours 25d, sojp*r sixties 2l}d, common sixties 34:1 Other quotations nro unchanged. MISCELLANEOUS. Cotton—-May-June is quoted at 4 2Sd per lb. Jute, December-January is quoted at £l7 10s. _ Hemp is quiet, and prices are unchanged. Rubber—Para 2s 9d-Jd, plantation Is lid. GRAIN AND PULSE. Wheat is quiet, tending to be easier Flour is firmly held. Australian, ex store, is quoted at 38s Birlc-y is firm. Beans and peas aro tending upwards. Oats are firm. The Bu3nos Aires Government lias withdrawn ths prohibition against the export of wheat „nd flour. MARKET .REPORTS. NORTH OTAGO. [From Om Correspondent.] OAMARU, December 24. The North Otago district has evidently been completely cleared of all wheat, for inquiries have failed to discover the existence of any stocks in the hands of growers, and merchants have •none in store. Local millers have, therefore, to rely on their own stocks, 1 and' most, if not all, of them have suf-: ficient wheat on hand to enable them to carry on gristing for a little time, but not until the harvest makes the new season's grain available. Oats, for which there is a strong demand, have advanced in an emphatic manner during tho week. To-day's quotations for A grade Cartons is from 2s lid to 3s not at .country stations. A few growers still hold fair stocks, but the prices named aro not sufficient to induce them to sell; indeed, in one case 3s net on trucks was offered for a line, but the offer . was declined. B grad'e Gartons are a penny less, and other varieties are quoted at proportionate prices. CRADDOCK, M'CROSTIE CO. Messrs Craddock, M'Crostio Co. report having sold on account " Mallet's " trustees that valuable and centrally situated property adjoining His Lordship's Hotel, Lichfield Street, having a frontage of about 33ft by a depth of 165 ft, as now occupied by Mr Suckling and the Highbury Laundry office. On account Mrs H. L\ Richards, 6-rooined' residence and |-acre of land situate Glloucester Street, Linwood, to Mr Home. On account Mr P. Davies, i-acre of land together with residence thereon, Lonsdale Street, New Brighton, to Mr Maddison. Wo draw special attention to the following sales: —On Tuesday, January 5, on account Mr Rose, on the premises, Tailored Street, Linwood, superior furniture, piano, etc., etc. On Thursday, January 7, account Mrs Marriner, on the premises, j Richardson Street, Opawa, furniture mid effects. On Thursday, January 14, on the premises, No. 458, Tuam Street, Linwood, as occupied by Mr Toomes, piano, gramaphone, furniture and effects. On Thursday, January 21, on the premises, "Mona Vale," Fendalton, account trustees Mrs A. Q. Towner.d, choice plants, outside goods and motor landaulette, etc., etc. 11

Gold coin and bullion 71,5)34,000 00,690,000 fieservo Co,272,C00 52,608,000 Proportion, to liabilities 33.31 M-1' >otPH in circulation . 85,502,000 30,220,000 Pub io deposits , 4S,16S,0O0 37,459,000) Other deposits 122 730,000 115,400.000 Government seouriti-js . 11,009,000 14.P08.0OO Otlier securities . . 110.482,000 103,234,000

Dec. 19. Doe. 3*. Mutton— d. d. Canterbury, light 5-J 5k Canterbury, medium oi 51 Canterbury, heavy 54 5* Southland* n.o. n.o. North Island, ordinary . — — North Island, best brands 5 7-16 5 7-16 New Zealand ewes . — — Australian, heavy . . 5U6 5MG Australian, medium . — — Australian, light 51 ofc Australian ewes 4 5-16 4 5-16 River Plate, light . m 5g River.Plate, heavy . 5 3-16 S 3-16 Lamb— River Plato cwo3 5.j 5* Canterbury, light n.o. ■ n.o. Canterbury, light, second finality . . • n.o. n.o. Canterbury, medium n.o. n.o. Canterbury, heavy . n.o. n.o. North Is and, selected . n.o. n.o. North Island, ordinary . n.o. n.o. Southland, selected . n.o. n.o. Australian, be?t — — ■ Australian, fair quality . OJ 52 Australian, inferior . — — River Plate, first quality at 6i River Plate, second quality . .... — — BeefNew Zealand, fores . 61 o I New Zealand, hinds . eg 6 5-16 Australian, fores si 52 Australian, hinds 6* 6J River Plate, chilled fores 5? 55 River Plato, chilled hinds "J H River Plate, frozen fores . — — River Plate, frozen hinds 6 6 Uruguay, l"roze;i fores 33 5g Uruguay, frozen hinds 6| GJ Uruguay, chilled fores . — H Uruguay, chilled hinds . 74 6$