CPOMMERCIAL.

New Zealand Herald, Volume XVIII, Issue 6214, 17 October 1881, Page 4

CPOMMERCIAL.

New Zealand Herald Office. Saturday afternooD. Tub Customs duties to-day amounted to £41$ 18s 9d. The Customs receipts for the week were : — Duties .. • • •. • * £4,515 9 0 Lighthouse dues .. • IS 16 0 Merchant shipping fees . - 5 0 Gold duty. - .. .. -« 13 0 Miscellaneous .. .. •• 269 10 6 £4,971 3 6

LONDON.

Onr latest advices from London are to the Bth September. From the New Zealand Loan and Mercantile Agency Company's circular of the above date we talce the following quotations : — Money Market. —On the 18th ultimo the directors qf the Bank of England raised the minimum rate of discount from 2J percent., at which it hadstood since the 23tb of April last, to 3 per cent., but as this did not prove sufficient to check the drain to America the rate was a week later advanced to 4 per cent. The Banks of France and Belgium immediately thereafter notified an advance to the same level, and on the following day the Imperial Bank of Germany raised its rate to 5 per cent. The New York money market is watched with great interest, as it seems probable that the main part of any further trans-Atlantic demand for gold will have to be borne by this country, inasmuch as the state of the reserve of the Bank of France would appear to preclude that institution from averting the drain to any considerable extent, and thus repeating its policy of last year. Stock Markets.—The slightly firmer tone apparont in the money market at the date of our last issue by this route caused some weakness in most classcs of securities. Colonial securities have not been exempt from the general decline. New South Wales securities are 1 lower. Queensland 6 per cents., ISB2-5 are unaltered, but the 6 per cents. !S9l-6and the 4 per cents. 1913-5 have declined 4 and 2 respectively. Tasmanian 6 per cents. 1395 have declined and the G per cents. 1893*1901, have fallen 3£, whilst the two 4 per cent, issues are from £ to 1 lower. There is no change in "Victorian 5 per cents., but the 6, the 4J, and the 4 per cents are down from 1 to ljd on the month. New Zealand C per cents- and the 5 per cents., 1914, are i steady at the quotations of 11th ultimo, whilst the remaining issues are from 1 to l£ lower as compared ; with the prices ruling on that date. | COLONIAL GOVERNMENT SECURITIES. j u Closing | Interest due. Name. Quotat'ns.j nesa z* done ■ Jan 1 & July 1 6 N. Zealand, 1891 110, 112 110 Mar 15 St Sept 15 6 „ 1891 112, 114 112$ , li.il* June 15 &Dec lb 6 „ 1891 111, 113 Jan 15 & July 15 5 „ 1914 108, 110 Jan 15 andqrly 5 N Zealand, consolidated 1 per cent, per ann. sinking fund 102, 103 10G}, Feb 1 & Aug: 1 4A N. Zealand, 5-3>, [3Mi 1379 to 1904 93J, 991 100*. Jan 15 & July 15 5 N. Ze «land, 5-30, " [J,9B} 18S1 to 1906 101, 102 1032| U3,l March 1 & Sept 1 5 N. Zealand, 10 40 102, 103 104?, MayJcNovember 5 N. Zealand, ISSO |{5i,2} scrio all paid 103*, 104i.104|, Mij & November 4 New Zealand, in- 14 scribed stock 96, 97 |9Ss6s 1 l*f, } COLONIAL BANES. j T 6 Name. • Closing •= § rt 2 Quotat'us. 35 gio Bink of Ne.v Zealand.. 10 24, 25 10 National Bank of New [V Zea'and, Limited .. 3£ 3J, 32 32,9.13[10, & 41 Bank of Australasia .. 40 78, 80 752,9,3 i 203 CVaiteredß.U4k.of India, [9£ Austra ia, aua C;iina 20 24, 25 24}, s}, t 20., English, Scottish, and (4i Aua. Chartered Bank 20 24, 25 -4j f |,l, 20 L. ndon Chartered Bank [2, 5 of Australia .. ..20 20, 21 20£, i, 3, 5 National Bk. of Austral- [1, 20j 20 Banifor N* S." Wales 20 tl', 62 llu, H 25 : Oriental B. Corporation 25 22, 23 2i|, 10 Queensland National 8., [2$ ! Liinitel 5 8?. 91 51.9J.9 25 'Bank of S iuth Australi 1 25 42,1f, 25 Union Bankof Auatral a 25 SS.J-, 59£ 59,i,£,5£ 50 Bank of Victoria .. 25 35, 37 MISCELLANEOUS. • • Closing Business 33 Name. p* jQuotat'ns. done. 100 Auckland Harbor Board 0 per cent Debentures 100 100, 10S 107|, J 100 Citv of Auckland 6 per cent Deben , ACMS72 100 115, 117 117 106 i.'ity of Auckland 6 par C'nt. do., 2 is , Act 76 100 115t 117 100 City of Christohurch C percent Drainage Loan ICO 115, 117 100 City of Duncdiu 6 per cent Debentures, 1925 100 116, 118 100 City of Dunedin 6 per cent Redetmable, 1906 100 116, 118 100 City of Dunedlu 5 per cent Consolidated Redeemable, 1903 .. ..100 107, 109 107J, 5,1 100 Citv of Wellington C per ~ ct. Consolidated Loan 100 113, 115 100 City of Wellington Im provemcnt Loan 1929 103 112, 114 117, 16i 100 City of Wellington 6 per c. Waterwk. Deb 1929 100 112, 114 ICO Lvttslton Harbor Board per cent. Deb. 1929 100 114, 116 100 Napier Harbor Board 7 per cent Debentu eg.. 100 103, 105 ~ 10 National Mortgage and Agency Co. of New Zealand, Limited ..1 1* 103 New Ply. Harbor Board £ per cent. Deb. 1909 100 105, 167 106J, 7 25 X. Z Loan & Mercantile Age cy, Limited .. 2£ SJ, 6 5,5-16, C 25 Sew Zealand Trust and [5J Loan Co., Limited ~ 5 14*, 15J 143 25 N. Z. Trust and Lean Co., Limited, Pref. ..25 26, 27 26, 5} 100 'amaru Waterworks 7 j p-r cent. 19:»7.. .. 100 ' 109, 111 6 Otago and Southland In- j vestment Co., Limited 1 ] lj, 2£ 2 100 Otago Harbor Box-d 6 1 per cent. Deb Regis. 100 ; 106, 108 108$, 71 100 Olago Harbor Board 6 I percent. Debentures 100 ! 107, 109 100 Borough of Napie 6 per I c. Cons. Redeem. 1014 100 1 107, 109 .. Wool.—The third series of colonial wool sales for the present year opened on the 23rd ultimo. The market was well attended, and for the bulk of the purchases good competition was evinced. Crossbred descriptions, of medium to inferior quality, were apparently slightly below the closing rates of last series, but the quantity submitted to auction was not sufficiently large or diversified in character to admit of the market being thoroughly tested. Merino wool, scoured, washed, and in grease, exhibited but little variation, save in tho case of faulty lots, which, if indifferently scoured, were less readily taken than tho better parcels. Corn Market.—The wheat market has been unusually active during the past month, the heavy and almost continuous rainfall having caused serious damage and delay to the harvest in all parts of the United Kingdom except those districts in which tho crops came early to maturity. Current prices ex granary are as follow South Australian wheat, 56s to 57s per 496!b5; Victorian wheat, 56s to fe7s per 4961b5; New Zealand, long berried, 56s to 58s per ■*G9lbs ; New Zealand, average, 54s to 55s Qd per 4961b5; Australian flour, superfine, 39s to 41s per 2301bs ; Australian flour, household, 37s to 39s per 2Solbs; New Zealand flour, S6s to 38s per 2Solbs; New Zealand oats, fine, ?9s to 33s per Imperial qr. ; New Zealand oats, ordinary feed, 25s to 28s per Imperial qr.; New Zealand barley, malting, 40s to 45s per 4481bs ; New Zealand beans, 46s to 48s per 5041bs ; Australian peas, 38s to 40s per 5041ba. TaUow.—A considorablu business has been transacted.—We quote: P.Y.C., new, 42s &d per cwt ; Austrslian mutton, fine, 38s to 38s 6d ; ditto, medium, 36s 6d to 37s 6d ; ditto, beef, fine, 36s to 36s 6d; ditto medium, 34s 6d to 35s 6d. Leather and Hides.—We quote: Best sides, heaw, 15 to lS|lbs each, 10£ d to ll£d per lb ; ditto, light, 101 to 13ilbs, IOJd to lljd ; extra heavy, 19} to 221bs, lOid to lid: seconds, 13£ to lSjlbs, 9jd to IOJd. Basils.—Wo quote: Best strained skins, averaging 9 to 181bs per dozen, 13J to 16ld per lb ; seconds, averaging 10 to 19lbs per dozen, yd to 12£ d; unstrained, averaging 11.} to 21gibs per dozen, 7Jd to 9|d. Salted Hides.—We quote: Sydney heavy ox, sjd to sjd ptrlb ; light, 5d to s}d ; seconds, 4jd to 4£d; cow, 4gd to 5j 1. Preserved Meats.—We quote: Boiled mutton, 21b tins, sld to ssd per lb ; 4lb tins, sid to sld ; Clb tins, 51 to sicL Boiled beef: 2lb tins, 4gd to 4gd per lb ; 41b tins, 4£d to ; 61b tins, 4sd to 4ld. Frozen Meat.—Two shipments of frozen meat consisting of about 10,000 carcases of sheep and 300 quarters of beef, have recently arrived from Melbourne in the steamers Protos and Cuzco. Both are reported to have reached this port in good order. A portion of the mutton by the former vessel has been sold in the Metropolitan Meat market at from 6d to 7d per lb by the carcase, and it is understood that tho shipment by the latter steamer will shortly be dealt with in a similar way. liAbbit Skins.—Fair to good skins, ljlbs to ljlbs per dozen, 19d to 24d per lb ; common and ordinary poor season, ljlbs to Ijlbs per dozen, 13ld to per lb; medium, lib to lglbs per dozen, 12d to ISJd per lb; small and suckers, $lb to |lb per dozen, 8d to 14ld por lb. Kauri Gum—This market has been very dull, and at recent auctions, held on Ist instant, moderato sales were made at about previous rates. Common 1

(Inscriptions are difficult to place, and only a f®* of desirable quality have found to"? 6 1?-., Dee, from Aucfc2and, has nrrired with e l<2, board. We qaotePale transparent, 120s to 290s per cwt; clean hard scraped, 60s to 107s 6d per cwt, fair to good sorts, 45s to 57a 6d per cwt; pickings, -<s to 42s 6d per cwt; siftings and chips, 15s to 60s per Mother o' Pearl Shells.—We quote: New Ze*»*nd ear shells, 6d to 6jd per dozen; New Zealand ear shells, defective, 4d to 4Jd per dozen. Cotton.—For Fiji consignments the demand continues very dull, and notwithstanding the l a rff® available supply and the willingness on the part of holders to meet buyers' ideas of value, only the following unimportant sales have been effected, viz.About 40 bales stained at 6d to 6}d per lb, 7 bales Kidney at 7jd, and 14 bales at 14} d per lb for medium, and 16ia for fine. Tahiti, of which 5 bales were sold at Hid per lb, is scarcely asked for. Copra.—To-day's quotations show an improvement on the mcnth. Good sun-dried is worth Ll4 10s to Ll4 15s per ton, and kiln dried Ll3los to Ll3 15s per ton.