COMMERCIAL.

New Zealand Herald, Volume XLIX, Issue 14925, 24 February 1912, Page 5

COMMERCIAL.

LONDON MARKET REPORTS. MONEY AND PRODUCE RATES. By Telegraph.— Association.—Copyright. (Received February 23, 8.45 p.m.) London, February 23. BANK OF ENGLAND RETURNS. THE following arc tho Bank of England returns for the week :—Coin, £58.643.(00 ; reserve, £30,670.000; proportion of reserve to liabilities, 48.54; notes in circulation, ' £27.685,000; public deposits, £23,727,000; other deposits, £40.283,000; Government securities £15,151,000; other securities, £35,344,000. MONET MARKET. Think rate, 31 per cent. Short loans, 3i to 3j| per cent. Three months' bills, 3 7.16 per cent. Paris rate, 2;J per cent. Berlin rate, 3| per cent. CONSOLS AND COLONIAL STOCKS. Consols (quoted last week at £78 17s 6d}, iDTfI 2s 6.1. ' -New South Wales, 31 per cents, £97. • Other stocks arc unchanged. PRICES OF METALS. Copper: Or. snot. £63 12s 6d; at three months, £64 7s '6ii; electrolytic,' £66 10s. Tin: Cash. £196 ss. Lend: £15 13s 9d. '■ Spelter: £26 7s 6d. ; Iron: 49s 3d. •. Wolfram: 30s 6d. > :,' WOOL. • The wool market is quiet, and prices -„ are unchanged. SUGAR. German beet, 16s; first marks, 18s Bd. WHEAT. The wheat markets are inactive, and holders generally are tirm ; 39s 2d is asked for Victorian off coast, 37s 3d for JanuaryFebruary shipment per sailer, 37s 9d for February by steamer, 37s for FebruaryMarch, o7s od for South Australia January shipment; 37s 4£d was paid for a parcel {Australian afloat), 37s lid for a parcel of • January-February shipment. There is a little inquiry for Australian on spot at 40s, and for New Zealand at 38s to 38s i 6d. FIJOCR. The flour market in inactive, and prices are unchanged. oats. The oats market is quiet. La Plata ..January-February shipment, 17s. BETTER ANT) CHEESE. There is a steady demand for Danish ' butter at 137s to 138s ; choicest Australian, 126s to 12Ss; secondary, 120s to 1245; New Zealand, 130s to. 1325; second- . ary, 120s to 128s. . The cheese market is steady, and prices ' are unchanged. BACON. The bacon market is firm; Australian 45s to 475.

Messrs Dalgety and Co., Ltd., are in receipt of tile following cable from their London office, under date February 21:— Tallow: Low and inferior descriptions i since our last wire, 3d lower ; other de--7 script iocs, unchanged ; competition, is small; c.i buyers are holding off. Messrs Dalgety and Co., Ltd., are in receipt of the following advice from their London office, under date February 22: — ; Frozen Moat: Market quiet ; prices unchanged. • AUCKLAND FRUIT AND PRODUCE MARKET. There has been a very large increase in the business in the fruit and produce markets, during the week. Heavy con- ;' signments 'of locally-grown fruit have been received, but the fluctuation in prices baa not been very great. Peaches have de- , creased in value, while nectarines and • tomatoes have advanced. Bon Chrctian pears are steady at last rates, also plums ; » grapes, best quality, are inclined to firm; Cape gooseberries are somewhat neglected, and apples, both cooking and dessert, are selling on a par with late values. Very heavy shipments of wafer melons were received by the Sydney steamer, and sold at low rates. A line of Sydney grapes arrived in bad condition, and results will show a loss to shippers. Pines received sold at only nominal prices. Owing to the hurricane in Tonga only about 200 cases of bananas could be shipped for "Auckland, and the bulk of the consignrnens were in bad order. Sound fruit sold well. A shipment from Fiji is expected Jo reach the market next Tuesday, and should meet with a fair demand. Pota- ' toes are in fairly good supply without , , mnch change in price. Onions are getting scarce, and the market has firmed ; Sou- • thern supplies are not expected for sometime yet. There is an oversea demand ' for locals. Butter and fresh eggs are in good demand, the latter particularly scarce with a sharp advance in prices. (Poi'ltry is forward in moderate supply at ..prices on a par with last week's rates. ■ FIELD PRODUCE. TVatoea: Local, prime Kpto-Dates, £5 to £5 A™ *"?; others. £4 to £4 10*. Onion*: Local, . £7 109 to £8 10?. ton, according to sample. DAIRY PRODUCE. V Butter: Farmers', in prints, 9Jd to lOcl lb; prime fanner* - , bulk, lOid. Ems: Fresh, 13 6<i to li 7d dozen. FRUIT, Applet: Best deisert up to 6a rase, pood 4a to Mod; cooking, 4- to 4« 6<l. Fears: lion Chretien, best 6s to 10s case, good 6h to 5s 3d; others, desert, 3s to 3a 6d; cooking, Is Od to 23 box. f 1 ""!!: English varieties, 2s to 4n; Purbauks, la wZa; Ogr>n, If. Peach**: «c»t, 2« od to 3s 6d ; ■'{«»,• 2s to 2a 3d; others, la 6d to la lOd. Jjectarine*: Ikst, 4s to ss; good, 3* 3d to 3s 9d. .Crapta: Hothouse, beat M to S'A lb, other i««nples4d to 5Jd. Tomatoes: Outdoor, best 4s •Jo ss, good 3s to 3s 6d, miall la, to 2s 6d box. Lemons: Local, prime 9s to IDs case, good 7s to ™ sd; local, rough and coarse, 4s to 5a case. Upe gooseberries, 3J-1 to 4d lb. Quinces, la to "li 3d box. Passion-fruit, 2s 6-1 to 4a c.ise. Watermelons. 8d to Ik 8d each. Walnuts. 7Jd lb. Pea- . "uti, 2id lb. Pineapples, 6s to 7s 6d crate. POULTRY. • Hens: Heavy, up to 3.1 each; good, 2i to 2s 6d; hght, Is 6d. Table roosters: Heavy, up to 4s ewh; good, 2, M to 3s . light, Is 6d to 2s. Ducks, .Is 6d 10 2s 2d each. Chicks, 9d to la 3d each. VICTORIAN PRODUCE MARKET. By Telegraph. -Pres3 Association.—Copyright. .MELBOURNE, February 23. Wheat. 3s 9:1 to 3a 91d. Hour, £8 103. £ran, £5 is a . Pollard, £6 is. Barley: W? 9«l to 5«. Oats, 3s Id to 33 2d. Jiaize, 4s 3d. Potatoes, £4 to £5. Onioua,

' '. SALES OF PROPERTY. i.?,- J - Thornes held a very successful sale of i!I and . houses yesterday. Tho attendance was , .' •, h r A se . «;„.i the bidding brisk. la tin: citato of * ... ■no 1a,,! Mr. Arch three cottages of five rooms <*«", on °» allotment, 03ft to Browne-street by ■£\i Wit, were "fid loi JCB.-0. For tho cottage of six *'■ room*, . Vlth bl '' l by [fjU, £160 was offered, but •uee.tned. i„ the estate 0 , the Kite Mrs Jones larea allotments having frontages to Stantev- >• •"w and King-street, Arehhill. with old house '-' •»' «S rooms, was bold for £495. A cottage in Mmnjrwood-street, on allotment. 35ft by lGOft-, *_« sold for £410. A corner allotment in Uioh- ,-. ™nd, having 40ft 10in frontage to Richmond !v *5*7 U in ail( ' ICB,t to Franctic-i.tr.eet, was sold for ;. »J»f 10s, w,li<:l ' worked out ft £9 Per foot. Two ' tor £17* fur removal in Cook-street were sokl _A large attendance ami keen bidding is ex- .;. ** c, at the sale of High View Estate this I■•-. wwrnoou. 'Jlie sale, which takes place on the - •round at Northeote at 2.30 o'clock this after- •• noon, win i„, conducted by the sole a«ent of ;•■■■..;■ I,! " tatc ' Mr. Wenzl Scholium, auctioneer. Ar•ngeinents have been made for conveyances to '•' "'«« the 1.30 p.m. boat from town to take jKiwetiger!) to the ground. Further particulars ;■; '«y '"'- found in our advertising column.-. :;; '- : ' tin ""' Sarmlcl v »* and Sons sold bv auc- •' i l '" yesterday two dwellings in Karangahape '"■<' '' il. ♦! r romov ' ,! at £32 and £56 respectively, -' fi. l'l/ lots in th Hauraki Estate, Takapuna, 2**160, £187 10s, and £160 2.1 respectively. * ' X T TF Pr ivfttfi • Hospital, oil Upper Svmonda'i'/'t'fcl ~ was withdrawn at £2750, and is open ~; Private sale. ~,;;';' -j_-.t / . _ , ; \:j FEILDING SHEEP FAIR. iv . . tOT ,El 'EoßArH.— rjtE33 ASSOCIATION.] FEILDING, Friday. * " lirtL^. 0 Fci| ding annual .sheep fair to-day ff.ro V,"?-" Z*-* 0 ewes were yarded. Prices line. *?V if iwtory «1! through. All Kood ' bSn» wi 4 «i el ,- lhe highest prices for flocks (£££■»« M for two tooths, bred by Mr. J. jig:-.'.

CHRISTCHURCH GRAIN MARKET. [BY TELFGUAriI —rtIESS ASSOCIATION'.] CHRISTCHOECH. Friday. There has been a fair amount of both wheat and oats offering during the week, lno wheat market is firm, and sales have generally been marie at 3s 4d at country stations, and for specially prime and dry grain another halfpenny has been paid. The oat "market is easier in consequence of the falling off in the demand for Australia. During the middle of tho week 2s Id was paid at handy stations, but the outside limit of price is now 2s, at which a number of lots have been purchased. I hero is nothing fresh to report in tho barley market, only a limited business having yet been done. There is a firmer tone in the grass seed market, in consequence of the continued wet _ weather in Southland preventing tho sowing of tho crop there. The offerings of seed locally are not large, raid the bulk of what is coining forward is Italian. HIDES, SKINS AND TALLOW. Messrs. Dalgety and Co., Limited, Auckland, report having hold their usual sale of hides, skins, tallow, etc., on Tuesday. Hides: .Market, tirm at late' rates. We quote: Ox, extra stout to 7Jd. stout 7d to 7Jd, medium eld to 6jd, light 6d to 6^l ; cow, best lines to (;<§d, Rood 6id to 6Jd, seconds 5.1 to 6d: staffs', 4jd to 5J.1; kips, ssd to 6*d ; calf, lx-st lines Bid, pood 64d to "id, meaty 5J to ml, cut and dam-, .150,1 4J to sd. Sheepskins: Market firm. Rest, butchers' skin.?, 6s to 7s 6<l; pood, 5s 91 to 6s M ; medium, 4a to 5s 3d ; dry skins, large to Us fid, medium 4s to 5s fed, (iniall 2s M to 3s fed : bei'D butchers' pelts and lambs', 2s 7d to 2s lCd; damaged skius at lower rates. Tallow: Market firm. Best mixed, in shipment casks, to 28s 6d; Rood, 26s 6d; interior, l'/s 6d to 225; medium. 25s 6.1. Rough fat. ljd to lid per lb. Cowtnils, Is 8.1 per dozen. Horsehair, Is 4d to Is ICXI per lb. Bones : Good dry, £4 17s 6d per ton.