COMMERCIAL.

New Zealand Herald, Volume XLVIII, Issue 14853, 2 December 1911, Page 5

COMMERCIAL.

I LONDON MARKET REPORTS. » , MONEY AND PRODUCE RATES. ! By Telegraph.-Pre»» Aswciation.-Copyrlght. ; (Received December 1, 7.50 p.m.) 1 London, Docemlier 1. , BANK OF ENGLAND RETURNS. 1 TflE following arc tho Bank of England j returns for the week: -Coin, 309,000 ;., Serve, £27,075,000 ; proportion of reserve Exilities, 61.32; notes in circulation, : £28 732 public deposits, £12,128,000 ; ! St deposits, £40,619,000; Government '■ . * securities, £14,437,000} other securities, £28,911,000. I MONEY MARKET. Bank rate. 4 percent. ■ • Short loans, 3 percent. • Three months' bills, 3 9-16 per cent. Paris rate, 3i per cent, Berlin rate, 4J per cent. CONSOLS AND COLONIAL STOCKS. Consols are 5s lower than last week, at • £ New Smith Wales 4 per cents., £106 10s. / South Australian 3J per cents., £915 10s ; ' 3 per cents., £82. _, A , ~« -~ ;• Queensland 4 per cents., £103 10s J 31 . •. per cents., £98 ; 3 per cents., £86. ' j Other stocks &re unchanged. ?C '<'■■■} '. TRICKS OP METALS. • ; Copper: On spot, £59 Is 3d ;at three r ! J months, £59 16s 3d. ■ Tin On the spot, £204 10s; at three ' months. £193. ,Lead: rib 15s. Pig iron: 47s 9d. :■-'■■".. Spelter: £27. ' Silver: 2s 1 9-l6d. WOOL. - The Bradford wool market is slow. Quotations for future ddhrow: • 25d- common sixty*. 24d ; fifties, I7*d ; ; - l forty*. 13d ; Buper, 24* d ; fifty-sixes, 20^d ; , forty-sixes, 14d. WHEAT AND FLOUR. Tho wheat markets are stagnant owing to the continuance of favourable, reports . from Argentina. Buyers are only falling immediate requirements. For South Aus- , ' tralian, August shipment. 36s 3d is asked ; '36s 6d for November shipment; 35s _9d ' for Australian February shipment; 35s for parcels of November-December ship- . ment?. There is a poor demand for Aus--1 tralian spot at 36s 6d to 375. Best New V- Zealand, 34s 6d to 365; medium, 34s 6d to 355. i ' . The flour market is dull. Australian ; patents, 24s 9d to 25s 3d, in store. OATS. The oat market is firm. La Plata December shipment, 16s l|d. , BEAN?. ' The bean market is hardening. New Zealand, 35s 6d to 36s 6d. SCGAB. • German beet sugar, 16s 3d per cwt; first ' ti marks, 17s 4d. - ■ The New Zealand Loan and Mercantile Agency Company, Limited, have received "' *he following cable from London, under date November 29 :— We quote present 1 spot values for the following descriptions of tallow. . Fine mutton, 365; good beef, ,* 34s 3d; mixed, 31s 9d per cwt, Market ; Mr.wtive. Market firmer for sheepskins." v Messrs. Dalgety and Company, Limited, i have received the following cable from 1 , their London office, under date November ' 30 :— Rabbitskins : Outgoing.. winter Id per lb lower, other descriptions unchanged. . Tallow : Since our last wire 6d to Is lower, ■ limited demand, at the decline, very nn- • settled, but c.i.L more disposition to do : , ' '■* business at a decline." ..^' Y .'". \

BUTTER PRICES KEEPING UP.

■■•:• COLONIAL CLEARING WELL. (Received December 1. 7.50 p.m.) '] > London, December 1. The butter market is firm, and prices are unchanged, except for Australian tinsalted, which ie quoted at 130s to 1325. ' The small arrivals of colonial are rapidly cleared. ... „ , Argentine butter i 3 arriving m excellent ' i condition, and is bringing 130» to'l32a. •■« [The last cabled quotation of Is ew Zealand butter prices, published last Satur- •' day, stated: New Zealand supplies are ' ' cleared. . The market is firm, and prices f are unchanged— 130*; unsalted, 132s l':-.;.-,, to 1345.] . _____ -. ' WOOL RATES MAINTAINED.

.''STRONG COMPETITION. -- London, December 1. t At the wool sales a good selection was i; offered, and there was strong competition .'.'■ at opening rates. . \','...-.■ ' (Received December 1. 7.50 p.m.) * .' London, December 1. At the wool eales the following prices v were realised for New Zealand clips :■— ,: Etaawha, top price, 10d, average > 9Jd; : Pipingara, top price lOd, average 9fa. ' AUCKLAND PRODUCE MARKETS. ' . BUSINESS INCREASING. * During the week the- volume of business : M hai considerably increased. A big demand ,*' ha* been noticeable for all' lines forward, ■ except old potatoes. These are a. drug on the market, and any reasonable price which will cOver expenses has to bo accepted. The ~ .Vaitemata from the South landed 1100 -. sacks, the bulk of which is on hand. New potatoes are exceptionally plentiful, and large lots having come into the market dur--1 ing the past week, prices have suffered a material decline. Onions aro very light in M stock, only 169 bags reaching the market by - v"the Victoria on Tuesday last. Values are & well maintained. The Victoria landed 1000 :"~Vf -cases mixed fruit from Sydney in the early ?m part of the week, including a considerable quantity of cherries, which were in bad . -2 order. Prime oranges reached record prices, i and over Is per lb was touched for prime , . sound cherries. The market is quite bare of • imported fruit, and. all incoming shipments sT; will meet with a good demand. The Tofua . from Nukualofa, and the Navua from Fiji, v- , are expected next week with bananas and i pines. The prospects are good. Californian apples are short. In local fruit, cherries. ;"<■ gooseberries, and tomatoes are selling well i at satisfactory prices. Lemons have taken -<'"•' a jump, and good prices exist. Butter and ', egg? aro selling well at late prices. Poultry "' was penned in largo quantities, with prices ft.,. slightly lower than last week's rates.

\'.".\'-. FIELD PRODUCE. 1 Potatoes: Old, prime, 30s to 40s per ton (no .... demand); new, best 5s to 6s, good 3s to 4s, »*! medium 2s 6d to 2a 9d per cwt.. supplies '• heavy. Onions: Imported, Victorians 15s, ;t 'Friscos 17s per cwt. Green peas, lOd to Is . : '•* per peck.

~;"' DAIRY PRODUCE. . • Butter: Farmers', in prints, 9d to lOd per \ p lb; prime farmers', bulk, lOd per lb. Lggs: j•<> fresh, 9d to lid per dozen.

FBTJIT. *?." Apples: 'Frisco, coloured, extra superior, M 17s to 18s 6d per case. Plums: English R varieties, Sydneya 10a to 12s. „ Tomatoes; :' Hothouse, best 9d to lOd, good 7d to 8d per • lb; small, 5d to 6d. Oranges: Local, worth > 16s to 18s per case; Sydney, gins, best 16s ,: to las, good 14a, bushels 14s to 16s. M Mandarins: Sydney, gins, small fruit 12s to %"> 14s; bushels, 7s to lis 6d. Lemons: Local, •prime, 7s to 8s 6d bushel case (cured); local, ; rough and coarse, 4s to 5s per case. Cherries: Local, best lid to Is lid per lb, . T : good 7d to 9d. small 5Jd to 6|d; Sydney, s. best, 15s per box. Gooseberries, 6s to 7s per box. Walnuts, 7d per lb. Peanuts, 2id lb. ~" Pines; Crates, 9s. ;

I ' : POET/TRY. i'v-"" Hens,' each, best 3s, good 2s 3d to 2s 6d: ; table roottters,' each, extra heavy, 4s to 4s ; 9d, good 3s ' to 3s 6d, light 2s 6d to 2s 9d; ducks, la lid tots 6d each;* chicks, to Is 4d each; turkey goblers, up to lis; each; turkey hens, 4s to 6s each. Young pigs, us to £03 each.

SALES OF PROPERTY. - ;f; At Mr. J.' Thornes's land salerooms today an allotment at the foot of College Hill, having 33ft frontage by 90ft, was sold by auction for £330. A property in Angleseastreet, previously submitted by auction, ■was sold for £325. , . Messrs. It .C. Carr and Son sold by auction yesterday a six-roomed house in Fentonstreet, Rotorua, on Government lease, with 95 years to run, the price realised being; £34d. ■■•-•: Messrs. Alfred Buckland and Sons held a sale of land at the Haymarket yesterday. The attendance was large, and bidding was spirited. A suburban property, consisting ol 39ft by 160 ft frontage to Mosoley Avenue, ; Devonport, and containing a dwelling of five . rooms, was passed in at £4z5. A property comprising 25 acres 32 perches, in the parish of 'Waikumete, with a small cottage, caused some spirited bidding, and was sold at £370. The late John C.jUard's farm of 684 acres at East Tamaki was offered, starting at £30. It was passed in at £38 10s per acre. Messrs. Dalgety and Company, Limited, report having held a very successful auction sale of the well-known Kains Hill Estate, Canterbury, on Saturday last. The property was one of the earliest selections on the peninsula, it having been taken up by the fate Mr. W. Manson, prior to the arrival of the first four ships. Competition was spirited, and prices were very satisfactory. The various blocks were disposed of as follows:—Lot 1, 81 acres, to W. H. Firmston, at £35 per acre; lot 5, 252 acres, and lot 9, 73 acres, to W. H. Firmston, at £16; lot 2, 31 acres, to A. R. Fleming, at £37; lot 3. 563 acres, to Q. C. Manson, at £17; lot 4, 437 acres, to R. F, Bradley, at £12 15s; lot 8. 152 acres, to B. F. Bradley, at £7 10s; lot 10, 205 acres, to J. E. Johnston, at £15 15s; lot 6. 81 acres, to R. Allen, at £19; lot 7, three acres, to H. R. Harris, at £49. This represents an average price of over £16 per acre.

TODAY'S SALES. The Narrow Neck Beach Estate. Devonport, will be sold by public auction on the ground at 2.30 p.m. to-day by Messrs. 1. Mandeno Jackson. This estate is situated on the Rangitoto Channel, and is easily accessible from Auckland, either via Devonport or Bays water. The terms of sale have been made extremely easy, thus bringing the sections within reach of all. Free conveyances will meet all Devonport steamers from Auckland from noon until two p.m., to-day, and run to the estate. The magnificent Junction Estate, Penrose, has been subdivided into 41 sections, with frontages on Mount Smart Road, Wall's Road, and Olive Road, which latter runs right through the property. Mr. Louis Lewis, instructed by the trustees in the estate of the late Mr. J. J. Odium, will offer these sections for sale on the ground today, at 2.30 p.m. The estate is within two minutes' walk of Penrose Junction, from and to. which 50 trains run daily The journey to town only takes 24 minutes. The soil is all rich volcanic, and it is a specially healthy locality . Messrs. Smith and Ilalcombc will sell by auction at three o'clock this afternoon, on the ground, 27 sections, into which the Malvern Estate has been subdivided. The estate is close to Te Papa pa station, school, etc.

SALE OF JERSEY CATTLE. Messrs. Alfred Buckuiuu and fSuns held an inu>ou«4ni saie 01 ijeuigree jersey came, me pry*i*ny of All*. Oxiar.ts Oiarac, lais wee*, .buyers were present irom laranaKt, Wathaio, ami tne surruuwung uisincis. Jiign prices ruled at trie saie. following are ine lxarueuiars aim prices reanseu in respect 10 ! the cattie sold:—Hose Tree, sire cuuummie's Suitan, dam Hose Tree, caivea bei».t>inoer 9, 19oy, «9!giiß.; faun Le;u. sire nous, nam Uo,u Leaf, cutlved ,>uno IS, 19uj. jigns.; 'iiiuime, sire Wild cherry, uam 'iitania 11., oaived October 19, lwo. Ovgns.; showgirl, sire campanile's Sultan, dam Dr. Wimiim s lime Ben. caiveu >ovemoer 1. i?uS, bugns.; Goluen i-rin-ces#, sire Kangiiumuu 1., dam. Princess bxh„ calved Jut? 8, Woj, -wgns.; isosina, sire Wm.. Ulierry. dam Eoseouu, caivea .March 4, 1907. <«)&us.; Genua Maid, sire Prince Daisy, aam Genoa Lady, calved October 18, 1907. Tigns.; Majesty's favourite, sire Majesty's rox, aam La iavouri:e, calved May yd. 1910, iigns.; Butter Maid, sire Blast, dam Butter tree, calved November 23, WlO, 'iiigus.; Titans Maid, sire 'titan, dam .Day .mud, calved October 11, 1910, 27igns.; Royal Maiden, sire Finance, dam Eoyal Kose, calved September 29, 1910, 30Jgns.- Uamoaniie's Princess, sire Campanile's Sultan, uam Golden Princess, calved October 1, 1910. 40gns.; Oamnanile's Sultan, dam Campanile 111., sire Sultan of Oaklands. calved April 3, 19ito. passeu in at 2iogns.; Hosina's, Pride, sire Campanile's Suitan, dam Itosma, calved July 15, 1911. 30gns.; Golden Campanile, sire Campanile's Sultan, dam Golden Princess, calved .September ■3, ' 1911, 25sns.; Financier, sire Finance, dam Lady Leaflet, calved August 4, 1911, lOgns.; Ballet Girl, sire Campanile's Sultan, dam Show Girl, calved September 1, 1911, 37gns.; Borne Rule, sire Magician, dam Flower Girl, calved December 17, 1909. passed in. On account of Mr. H. E. Thraston, Mangere:— Dorathea. sire Snoivslioe, dam Lady Golden calved September 24, 1910. 36Jgns.

HIDES, SKINS, AND TALLOW. Messrs. Dalgety and Co.. Ltd., Auckland, report having held their usual weekly sale of hides, skins, tallow, etc., on Tuesday. Hides: Market firm at late rates: We quote:—Extra stout ox, to 7£d, stout 7d to 7*d. medium 6£d to 6id. light 6d to Sid; cow, best lines to egd, good 6id to eid, seconds 5d to 6d; stags. 4Jd to sd; kips. sid to 6kl; •calf, best lines to 81d. good 6Jd to 7id, meatv od to 6d. cut and damaged 4d to sd. Sheepskins: Market firm. Best butchers skins. 5s 6d to 6s td, good 4s 3d to 5s 3d, medium 3s 6d to 4s; dry skins, large to 6s 9d, medium 4s to 5a 6d. small 2s 6d to 3s 6d: best butchers' pelts and lambs, to la 3d; damaged skins at lower rates. Tallow: Market firm. Best mixed in shipment 'casks to 28s 6d, good 25» 6d, medium 23* 6d, inferior 17s 6d to 225. , RoiiKh fat. 1U to lid per lb. . . Cowtails, Is 8d per dozen; horsehair. Is 4d to Is lOd per lb; bones, good dry, £4 17s 6d per ton.