COMMERCIAL.

Lyttelton Times, Volume CXVII, Issue 17329, 18 November 1916, Page 3

COMMERCIAL.

LOftBOF MAlKfifS. By Telegraph—Press (Association—Copyright. Australian and X.Z. Cable Ainociation. (Reoe.iv.ad November IT, 9.5 p.m.) LONDON, November •lA BANK OF ENGLAND RETURNS. The Bank of England returns for fho w».elc ended Wednesday, November 15, are a# follow: • ISSUE DEPARTMENT. £ A Nofee in ato- Government dilation . 36,594,000 debt . 11,015,000 Note* in re- Other »•- serve . 36,135,000 curities . . 7,465,000 Gold coin and bullion 54,529,000 Authorised £73,029,000 circulation £73,029,000 BANKING DEPARTMENT. £ £ I’foprietors' Government capital .11,553.000 securitiea . 42,158,000 Public do- Other »ecupoaits . 53,788,000 ratios (*iiOther de- vanccs) 100,231,000 posits 114,3(25,000 . Notes inioRest, 7-day servo . 36.135,000 and other Coin . 1,830,000 bills . 6,237,001) £186,459,000 JU8G,453,000 Nov. 15, Nov.lfl, 1916. 1916. £ £ Coin a,nd bullion . 64,520,010 58,113,000 Reserve • . . 38,031,000 39,006,000 Proportion of reserve to liabilities . . ,29.55 27.49 Notes in circulation . 31,891,000 33,014,000 Deposit liabilities . 1.69,663,000 141,858,000 Government securities 42,188,000 16,895,000 Discounts and advances 106,£14,000 101,761,000 BANK OF ENGLAND RATE. The Bank of England discount rate was raised from 2 per cent to 4 per cent on -July 30, 1914, to 8 per cent on July 31, and to 10 per cent on August 1; was on August 6 lowered to 6 per cent, arid on August 8, 1914. to 6 per rent, at vdiich it remained until •Inly 13, 1916, when it was raised to 6 per cent. MONEY MARKET. Fihort loans are quoted at 5 per cent, unchanged since 'ast week. At Ibis dato last year the quotation was 4J per cent. Throe months bills are quoted «t £4 per cent, unchanged since last week. At this date last year the quotation was 5i per cent. CONSOLS. 1 mperix! 2J per cent eonaols are quoted at £56, unchanged since last week. At this dhto last ye .r they wero quoted at £BS. WAR LOANS. The 35 per cent British war loan is quoted «l £B4 10s. unchanged since last week. The 44 per cent British war loan is quoted at £96, unchanged since last week COLONIAL STOCKS. The following aro the quotations for oolonial stocks compared with the prices ruling last week:

Wsihi, 34a Gd to 35* 6d. BUTTER. Butter is very firm, and there is a limited supply. Prices—Danish. 220 sto 2225; New Zealand, nominal; choicest Australian, 204 s to 2065, unsalted 208 s to 210 s. secondary about 200 s, milled 108 s; Argentine, salted 200». unsalted 2065. CHEESE. Cheese is in small supply. Band-curing Canadian, 122 s to 1245; New Zealand, nominally 120 a. SUGAR. Sugar is unchanged. , WOOL. ™ The Bradford wool market is excited and disturbed. Topmakers are unwilling to sell, and business is very limited. Menn quota-tions—Sixty-fours, 61d; super sixties. 60d; common sixties, 59d; fifty-sixes, 45Jdj fifties, 3RJd; forty-sixes, 31<i; forties. 29id. WHEAT AND FLOUR. Wheat ;is firmer. No cargoes are offering. Flour is easier, but there is only hand to moiith business awaiting developments. OATS. Oats e-re firm. New Bahi* Blanca, ex quav, 445. PEAS AND BEANS Peas and beans are firm. METALS. Copper.—Spot, £l3l 15s; forward, £l3O as; electrolytic, £153 10a. Tin—£l69 2s 6d to £l9O 17s Cd. Load.—Spot, £3O 10s; forward, £29 10a. •Spelter.—Spot. £56 los; forward, £54 ss. Silver. —34d per standard ounce. LONDON WOOL SALE'S. Tho following cable message lias been received bv Messrs Dalgety and Company, Limited, ’ Christchurch, from their London office, dated November 15:—“Tallow—At the. weekly auction prices opened 6d per cwt dearer, hut at the close were Is to 2s dearer. 'Hie principal advance was in tho lower grades.” AUSTRALIAN MARKETS GRAIN AND PRODUCE. MELBOURNE, November 17. Oats—Algerian and milling 2s 2d to 2s 3d. feed. Is lid. to 2s. Potatoes £8 to £lO. Onions £6 to £6 10s MARKET REPORTS. CHRISTCHURCH, November 17. GRAIN AND PRODUCE. Wheat is being sought after by millers in both islands, but supplies are difficult to obtain, and prices are still rising. Every line offered is quickly snapped up. PeaTi is now worth 5s 6d. Tuscan 5s Id and Hunter’s 5a 3d, at country stations. The state of the wheat nmrket makes a rise in the price of flour inevitable. Potatoes are etill coming forward in small lots, and meet ready sale at £l9 to £los 10s per ton, country stations. The next boat for Auckland will probably take potatoes in her cargo, and this will probably be the last shipment for Auckland before the new potatoes conic forward' in abundance. Much depends, however, on improvement in the northern weather conditions. The following quotations aro for purchases from farmers, not cash, sacks extra, flelivered at country stations, the figures for the corresponding date of 1915 being also given for purposes of comparison:

Eggs . . . .10, 1 O ' „ , Prices quoted {or butter ire less discount. ' FRUIT AND VEGETABLES. Supplies oi vegetables ‘ avo coming in ' Ixeely, but fruit is none too plentiful. New <

potatoes .-.from, the North.-Island.- 049 < now. .ax-. ’ riving twice weekly. A shipment of' Ban Francisco apples, lemons And oranges, ex Tancrod, opened to-day, and will be available Saturday. Early next week the local market will receive ft consignment of Melbourne onions. On Wednesday tho usual Sydney shipment of pines, passions, mandarin*, otc., is ©xpectr.d. 1/ Prices realised at auction during the-week were as'follow:—

WHOLESALE TRADE. SOFT GOODS. The soft goods warehousemen of Christchurch experienced ft' splendid run oi trade throughout tho holiday period, mid oidors aro. atill coming forward briskly. Cabled advice has been received that further, woollen and cotton mills at Home have been commandeered by tho Imperial Government, and tho machinery is now being used for providing - Army equipment. Orders which, had been placed with these firms had to be. otherwise arranged for, and tho production of piece goods being lessened, higher prices for these must be expected. Shipments are coming forward satisfactorily, but there are marked Increases in the prices of each successive shipment, this applying .particularly to all classes ot hosiery. HARDWARE. The hardware trade during Carnivai Week and since then has boen fairly busy, tho retail turnover being much brighter. Sales, however, are mostly confined to shelf goeds. metals generally being neglected, although there is a fair inquiry from the North Island. Stocks are getting appreciably shorter, and many lines are mod difficult to replace, whilst merchants are chary of reordering at tho phenomenal high prices ruling in tho Home markets. Gax-den tools, and lawn mowers have been in considerable demand this schson, notwithstanding the higher values, but tho . continued dry weather is - now making business in these linos dull. Bluestone is advancing. London cables that supplies aro most difficult to obtain, and orchardists are advised to anticipate their requirements. The building trade seems quieter, but, as higher costing goods come to hßnd values must go still higher. Stock* of corrugated sheets and units aro still plentiful, but the market shows a distinct firming tendency. The painting trade is doing very little, vet can absorb all the labour available. White lead and linseed oil stocks appear to be plentiful, but Loudon quotations indicate enhanced prices in Uie near future. Fencing materials are still neglected by the farming community, there boing little * movement in either wires, standards or netting. Stocks of the Igst named, however, are getting very low, and the approaching fattening season should easily absorb all there is to offer. GENERAL MERCHANDISE. For tho last fortnight business has been B °Tnpioca prices are fluctuating slightly round about 25s Bd, c.i.i.c. Lyttelton. ' Lever Bros, have placed a new glycerine and rose, soap 011 this market. The last shipments of Jeyras fluid show an. advance. Supplies of Yisser's essence are short. , , ' Champion’s, vinegar advanced-Is dozen. Sno-white soap advanced Is <kl per box. . A. new line, of washing powuer, “ Easy Monday,"" lias been put on the mat kip. “Bisto” gravy maker advanced Is 9d or. small- size, and 3s Id on large, owing to au increase in the f.o.b. London pr.ee. > -V new line of American household starch, branded "Excello,” has been Introduced into 'this market. „ ' . ' It is now practically certain ■ Uiat. uo further lots of 'English or-Scotch herrings will come forward this season. The first of the San Francisco new season’s seedless raisins and prunes have arrived at Wellington, and .transhipments should,be at Lyttelton early-next week. Seeded raisins will not come forward until well on iu December, but some small lots of freshly seeded last year s fruit are obtainable "locally. The shipments of unbleached raisins and sultanas have been reduced 20 i per cent, owing. to damage by rain during, the process oi drying. THE RETAIL TRADE. CHRISTCHURCH, November 17. GENERAL MERCHANDISE. The following aro tile latest quotations lor pome oi the principal linos, the prices given, unless otherwise stated, being at per lb.: Dried apricots lOd, best new Is, dried apples lOd, Jordan almonds- 2s Sd, Sicily almonds Is lOd, arrowroot Bd, alum sd, peart bariey 3d, separator butler Is 4d, factory buttor to Is 7d, Stearin* oaudlas BLI. National sperms lid, local sperms 9ld, colomaj v.-ax 9Jd. carriage candles .lid, currents 7d. cream of tartar" 2s 6d, plantation coffee 2s. cornflour Gd and "4d, factory cheesu Is, desiccated cocoanul Bd. lemon peel Is. 01 tinge .peel Is, citron peel Is td, mixed peel Is 2d. Epsom salts 9d. sultanas (new) <jd, seeded Tiiisins 7d, seedless raisins Sd. prunes 6d. and Bd, cooking figs Get. flour, 251 b. bags 3s lid, 30lb bags 7s Bd. 1001 b ba«« lo«. sacks 28s Kd, preserved ginger Is, ground ginger Is 4d, whole white ginger Is 4d, whole brown ginger lOd, Gerete'na (per b«gl Is 3d, whole meal 3d, crushed meal (linseed) id, lentils 4d. lard (per packet) Is Id, oatmeal (7lb bogs) Is 6d. white popper Is 6d, black pepper Is'id, pea flour Gd, Japanese riqe 21(1. "best ground rice 3Jd, A 1 Snowdrop sugar 2Jd, washing soda 2d, carbonate of soda 3d, Sunlight soap Is. 2d per box, Magio soap per carton Is, split peas 3d, saltpetre lOd, sulphur 4d, sago id, sheep tongues "Is 4d, sheep-tongues in glass •jars Is V 9d, sharps (per sack) Us 6d. bran 5s 6d, - tapioca (white flake) id. tapioca (white pearl) 4d, vermicelli Sd, whiting lid, wheat meal (71b bag) Is Gd, Laurel kerosene 14a Sd per case. 7s 3d per tin, vinegar. 7d, caustic soda lOd and Is Cd, poultry grit 141 b l - .. matches, plaid vestas Bd, ea-feties 7d, haricot beans id. coffee powder (soluble) Is. Soveo (coal saver) 6d, blue 10d, black lead tod. bread Sd. starch (English boxes) lOd, knife polish fid tin, canned fruits (apricots, "peaches and pears) from Is tin. sugar of milk Is fid. p'um pudding (in tins) Is fid and 2s 3d, .factory bacon (rashers) Is Sd. MEAT. Retail, meat prices arc as follow for prime quality at per lb: —Loin beef Sd. brisket beef 6d. prime ribs 7 Ad. rump steak 10d, top-side 7?d. stewing sleek 64d, corn silver Bd, corn brisket 7d, pork sausages Bd, log mutton 71d, shoulder 6d, neck 4d, chops 7d pork 10d. beef sausages id. POULTRY. Tile shortage of poultry continues, end . the demand iu some sections is keener than ever. Orders for chickens ere going begging. supplies being impossibly to obtain. During the week liens were easier, but good table 'birds are still wanted, and prices ere expected to go up vet. At the citv saleyards during the week, table chickens brought from 7s to Ifis 6d. liens from 5s 6d to 8s Gd. ducks fls to I4s. geese 9s to 12* 6d. turkey gobblers 17s to 28*. turkey bens 11s to 16s. all at per pair. EGGS. Supplies are just about equal to the demaud. The Canterbury Egg Circle prices are la fid a dozen for first grades and Is Id for second grades (under 2oe each). PIGS. 1 At the city sale-yard* on Friday the yard- 1 ing of pig* was verv small. Only weaners cams forward, and Tor these there was & very ' keen demand, the smallest bringing j 265, and better pig* to 31*. ' "BAKER BROS. j THE -HOMBFINDERS. ; , : i letting report. ' j , :Messrs- Baker Bros, of IGS, Manchester Street,’"'report's, having let the • following properties s-w. Account Mrs i Yektman, tarnished r&sidertce', 'Cale* : donian Road, .to Air Satchelor. Accewut Mrs Porter, cottage Peter-

borough - Street, to. M.re . (EDoflohoA Account Mra Luxton, furnished residence, Worcester Street, to Mr Adams*: i;! Account Mrs (Ihristisen, residence, Madras Street, to Mr Fraser.- Account Mrß Fostci - , residence, Leinster Road, to Mr Forbes. Aocouai Mi* Syd - Smith, cottage, Salisbury Street, to •Mr Rule. Account Mr Oorrcll, cot-: tage, Coronation Street, to Mr Nut- . been. Acccflmt Mr J. J. Westgarth, \L| bungalow, Manderille Itoadj to Mr Cotter. Account Mr Bell, .residence, Tilford Streot, to Airs Dat'ie. Account. Mr Patten,' dwelling, Worcester Street, to Mrs Hancox. Account Miss Maohen, 1 cottage, Walker Street, to Mrs Rivet»; Account. Messrs H. H. Cook and C 0.,. dwelling. Montreal Street, to Mr Gar« : | rick. ' \ 9346 • STOCK EXCHANGES.. • | , ■ Ml -M Th« following or* the Ufett quoUuosi es to* Chrittohuroh Stock Exekeng*:—

' ti»>t This Week. Week. New Zealand 4 p.c., 1909 . S4 84 Now Zealand 3} p.c., 1940 . 72J 73 New Zealand 3 p.c., 194.) . 63} Mi N.S.W. 4 p.c., 1933. . 83} 33* N.S.W. 3J p.c., 1918 . »5J 95J N.S.W. 3} p.c., 1929-30 71} 72 N.S.W. 3 p.c., 1035 . 69* 69} Vic. 4 p.c., 1920 . 33J 94 Vic. p.c., 1921-26 . SI .332 Vic. 3* p.c., 1920-49 . 70J Vic. 3 p.c., 1929-49 . eat 62$ Queensland 4 p.c., 1915-25 . 881 .88} Queensland 3} p.c., 1921-30 . 85J 85$ Queensland 3 p.c., 1922-17 . 63. 63 8. Australia 3J p.c., 19391. 73 73} S. Australia 3 p.c., 1916 . 582 59 W. Australia 3| p.c., 1915-35 75 74J W. Australia 3 p.c.. 1915-36 70} 70 Tasmania 3£ p.c., 1920-40 . 73. 7-32 Tasmania 3 p.c., 1920-10 . 66 68} SHARES.

Nov. 17, Not . 19,. 1918 1914. a. d. ». d. *. <i. *. d. Wheat— Tuscan 6 0 to 5 1 -39 to 4 8 Hunters ,53 8 6 to .3 9 Pearl 5 6 0&1b Cfartons 2 10 to ‘2 11 2 6 to 3 0 Algerian* None offering. Mono offering. Duns 2 9 to 3 0 3 0 Danish None offering. None offering. Bariev (malting) (nominal) 5 0 to 5 t S3 to 6 0 Pea*— Partridge None offering.' 5 3 to 5 6 Bran SO 0 106 0 Chaff 70 0 to 60 0 100 0 Oatmeal 340 0 400 II Pollard 140 0 150 0 Potatoes 200 0 to 210 0 160 0 Flour 260 0 260 0 Bead* — Ryegrass 5 6 4 8 Cocksfoot • (131b) 0 10 to 9 11 07 to 0 7| W. Clover, farm dressed. 1 0 to 1 2 10 to 1 3 Coa-grass 0 8 to 0 10 0 7 to 0 8 Dairy Produce. Nov. 17, Nov. 19, 1916. 1915. s. d. a. d. Dairy factory cheese 0 11 0 10* Butter— Local factory (1st grade) 1 A 1 A Farm separator, pate . 1 1 1 1 Dairy, pats . . .10 0 11 Dairy, bulk . . . o 11 — Hams . . .11 1 0 Sides . . . 0 11 0 11 Roll hams . , . .1,4 JO. Lard pats . . ' . 1 1 . r 0 10

s. d. ’ f 8. d. Apples, 'dessert,' pw lb . , 0 44 Apples, 'Frisco, per case . 1G 0 Oranges, Sydney, per case . IS 0 to 15 0 Oranges, Valencias, per ease 17 0 to 19 0 Mandarins, per case . .It 6 to 1G G Bananas, Fiji, per case . 17 0 to 19 0 Pineapples, per cose . . 19 0 to 20 0 Passions, per case . . .IS « to-15 0 Lemons, Auckland, per case . 10 0 Lemons,' ’Frisco, i>er case . to 0 Cherries, Ideal, per lb . .1 7 to 1 9 Gooseberries, per lb . 0 24 to 0 31 Tomatoes, local hothouse, per lb 1 6 to 1 9 Cucumber?, local, per lb . 0 7 to 0 Peas, local, per peck . . 1 2 to 1 5 Few potatoes, Forth Island, .per lb 0 3 to 0 3i Potatoes, per sack . . .17 6 to 18 0 Cabbo-ges. per dozen . . 1 0 to 2 0 Cauliflowers, per dozen . • 4 G to 6 G Carrots, per dozen bundles , 0 10 to 0 11 Turnips, per dozen bundles . 0 9 to 0 10 Rhubarb, per dozen bundles . 5 0 to 0 0 PnTsnipfl, per dozen bundles . 1 0 to 1 2 Melbourne onions, nor cw,t . 11 0 Lettuce, per dozen bundlea . 0 9 to . 1 3 Asparagus, per dozen bundles 1 G to 6 6 Leeks, per dozen bundles . 0 4 Radishes, per dozen bundles 0 3 to 0 K Spinach, pur dozen bundles . 1 0 to 1 3 Spring onions, por dozen bundles . . . . 0 11 to 1 2

BANKS— t s. 4 Australasia , 15 0 0 National 5 S 0 Now South Wales 34 10 •0 New Zealand (fully paid) . 17 6. 6 Now Zealand (£3 6a paid) , , n .5 6 " Union of Australia 61 00 Commercial of Australia (prof.) . S 16 0 Commercial of Australia. Ltd.- , 0 16 0 \ ‘ \ * ; Crown 1 14 Manning 4 19 < Ward , . , , ' , OBMSNTS617 6 Golden Bajf . . , ... 1 0 o Milburn Lime . . . . 1 IS 6 N.Z. Portland , 0 11 0 N.Z. Portland (7J p*r cent pr«f.) 1 0 0 Wilson'* Portland . 1 5 0 Wilson’s Portland (prof.) COAL- ’ 1.5 0 Taupiri - . . 1 . . 0 11 0 Taupiri (prsioreneo) . . 1 0 • Westport . . . 1 9 6 Stockton . . . 0 6 6 Stockton (8 per cent pref.) . , 0 11) 3 . Chririchuroh Building Sooistv . 11 12 S Dalgety . . v . . ■, , 6 7 6 . : Dalnetv (non-cum. pref.) . . .. Hunts! Bssafit (CaaUrbury) 10 0. 11 1 { National Mortgage 4 0 a . N.Z. Loan and Mercantile (ord.) SI 0 »• N.Z. Loan and Mareantils (pref.) N.Z. and Hirer Plate Land 15 0 a Mortgage . . . •. 2 0 6 Permanent Inreetmeat (Oaat.) . 9 0 a • A8— Ashburton (£4 10s paid) . 4 ib. o ' Auckland ! 9 0 Christchurch C 1C 9 Gisborne . . . . . . 0 Hokitika . . . - . S 0 0 Napier ... New Plymouth ... 16 0 6 0 0 « Timaru 7 11 0 ■. Wellington (£10 paid) . - . IS 0 0 l«fe (5 °* n *' CUI0, P T *f-) 0 19 s Farmers Co-opervtiT* (£5 paid). 6 0 0 Farmers Co-oper»ilT« (£2 10« paid) S 0 0 rational . .... 2 16 6 New Zealand . . ... 6 17 O . South British ..... 5 a' « Standard . . i MEATS1 19 0 Canterbury . . . 8 ":t 0 Canterbury (6. per cent cum. pref.) 5 S 0 •N.Z. Refrigerating: (£10 -paid) 19 12 6 N.Z. Refrigerating (£5 paid) . 9 0 0 N.Z. Refrigerating <£S paid) . t 0 0 N.Z. Refrigerating (£2 paid) . S IS 0 Gear (£4 paid) .... 17 10 0 Gear (£1 paid) .... 4 lb 0 Wellington (£6 paid) 6 0 0 "Wellington (£4 paid) 6 0 0 Wellington (£2 12s fid paid)-. UMBER— 3 1 0 Kauri (fully paid) . 1 . - 1 13 a Kauri (IS* paid) . . . . 0 14 0 . . Levland O'Brien 1 3 s Tarisgamutu MISCELLANEOUS— T IS 8 Ashburton Electric Light , Auckland Electric Trams •1 0 0 1 0 0 Auckland Trams (6 per cent pref.) 0 IS a Booth, Macdonald 10 0 •Booth, Macdonald (6 p.c. cum pref.) l. n 3 Cooper end Duncan (20s paid) . 0 12 « Cant. Farmers’ Coop., Emaru Cent. Farmers’ (pref re-div. oaiv) 2 15 9 S 0O Colonial Sugar 23 0 ' 0 Colonial Sugar (Fiji and N.Z.) . 21 0 a . Canterbury Saleyaid* . . ' 6 <1 o ’ D.l.C. (10a paid) . • . . 0 10' 0 ( -;D.l.C. (5 per cent pref.) . 1 0 0 Donaghy’s Rope .... i 6 Slanmore Brick 0 15 0 Struthers (£1 paid) . . ... 1 3 0 Mason, Struthers (14s ■ paid) 0 IS. !> N.Z. Consolidated Dental 3 .31 0 N.Z. Drug . ... , 2 7 G N.Z. Farmers’ Co-op. . 3 7 a N.Z. Farmers’ Co-pp. (1st pref.) . 5. 2 6 M.Z. Farmers’ (“A ’ shares jref. ....re. .div. only.) .. . —h. N.Z. Paper Mills . . - *-. o 0 1? <V Perpetual Trustees , . 1 2 « Sharlaitd and Co. . . . * 1 8 0 Sharland and Co. (pref.) 1 8 n 8impMn ead Williams (2de paid) 1 9 • Simpson and Williams (10s paid) 0 10 t Trustee-;. Executors and Agency 2 )R .8 ' Warre, Hockley S O B * Week*. Lid. '5 I 9 Whifcomba and Tombs . . ■ ■ . 6 6 6 SHIPPING— Nsw Zealand (« per cent pref.) . ib io 0 Union Steam .... 2 4 fi Union 'Steam (3J per cent pref.) . 1 1 in Huddart Parker . . . 1 4 e Iluduart. Parker i.6 per cent pref.) 1 1 c Northern Steam .... 0 14 6 Northern Steam i'Ts paid) . 0 -7 fi ~ "WOOLLENS— ■ ' " v> Kaiapoi’' . • . 6 u 0 Kaiaooi (pref. re dir. only! . 5,17 6 Mosgiel - ' . • • • 4' 5 b Qamnru . . . ' 'I 8 i 1 ■; Oania.ru (preference) 1 8 O W.ei’.ineton .... . . .6 0 0 Wellington - (preference) "3 17 -f, MINING— ' ' • Waihi / . . , . 1 17 3. 1 Junction ‘ . O 17 «• ... Talisman . 0 10 0 Hercules . - ... 0 35 0 1 Mount Lyell . . . 1 6 6 fEs dir. *Cum dir.