COMMERCIAL.

New Zealand Herald, Volume XLIX, Issue 14984, 4 May 1912, Page 5

COMMERCIAL.

' l 0N dON MARKET REPORTS. •JIONEY AND PRODUCE RATES. ' D y Telegraph.—Press Association.— (Received May 3. 8.45 p.m.) London, May 3. bans of ENGLAND RETURNS. ; "TnS following are the Bank of England - jotarn® for the week : —Coin, £38,268,000; res« ve > £29,061.000 proportion of reserve to liabilities, 48.91 per cent.; notes in circulation, £29,060,000; public deposits, 2318,048,000; other deposits, £41,340,000; .government securities, £14,155,000; other v lecurities, £33,977.000. MONKY MARKET. Bank rate. 3} per cent. Short loans, 2| per ctrit. Throe months' bills, 3 per cent. •' 'Paris rat«, 3 {>or cent. ; Berlin rote, 3$ per cent. 1 , CONSOLS AND COLONIAL STOCKS. V Consols are rot quoted. ' Victorian three per cents., £84 10s. Now Zealand 5£ per cents., £97. Oher stocks are unchanged. rnicrs OF METALS. Copper : On spot, £69 12s 6d; at three juonihs, £70 7s bd ; electrolytic, £72 15s. Tin : On spot, £211 10s; at three . pionths, £207 10s. Pig iron, 54s Id. Spelter, £25 15s. Silver, 2s 4^d. .. Lead, £16 10s. * BUTTER AND CHEESE. Danish butter is very dull, ■at from ,sl3s to 115s, colonial is slightly firmer. Choicest Australian was sold at from 104s to 106s and 108s; unsalted, 110s; Secondaries, 100s to 102s; New Zealand /quoted last week at 108s to 110s), is now .worth 110s to 112s ; unsalted, 114 a . Cheese is steady, at from 69s to 71s. WHEAT AND FLOUR. Tho wheat market is very dull, and . there is no inquiry for cargoes, although 'sellers are mostly willing to accept a reduction. For South Australian, 40s 6d is asked for February shipments, 39s 9d for April shipments, and 40a 3d for Victorian *»#d New South Wales February shipment, 39s 9d for March shipment, and '393 for parcels of an April-May shipment. There is a little inquiry lor Australian spot, at 435. flour is quiet. OATS. ■i,;■?'* Oats are quiet. La Plata April-May « .shipment, 17s 6d. SUGAR • German beet, 13s sd; first marks, 16s Bd.

Messrs. Dalgety and Company, Limited, are in receipt of the following cablegram ■ from their London office, under date Ist ■ Inst. Tallow, low and inferior descriptions, unchanged; mixed good to prime, .6d to 9d higherj other descriptions, 3d to 6d higher; tallow firm, and may advance later on in the year. ;* LONDON WOOL SALES. . ' Bj- Telegraph.Press Association.—Copyright. deceived Ma 3, 8.45 p.m.) London, May 3. At the sales yesterday, competition ,i..yv as good. Prices remain unchanged. & The Bradford market is very firm, and • business is restricted. AH classes have i Advanced id per lb. <1 The following prices were realised for <T*ew Zealand clipslStoneyhurst, top .' J4d, average 12£ d; Oamaru, top •avers-'a 9|a. c ..... - I¥RUIT AND produce markets. / The weather during the week has been \ exceptionally bad for the fruit trade, and ■,business has been somewhat dull, especially in the earlier part of the week, but v prices improved slightly towards the end. Choice highly-coloured dessert apples, such as Jonathans and Northern Spys, hays advanced, also best dessert pears. Cook!ing sorts are neglected, with slow sales, 'unless samples nro really prime. Hothouse grapes advanced in the earlier part ,'of the week, best samples of Gross Columns selling well. Growers generally are 'holding back supplies on account _ of the •stagnation of _ the market, anticipating better prices ruling in the immediate future. Reports from London in connection with . the last shipment of New Zealand apples apparently are satisfactory, and may posFioly lead to a future outlet for surplus fruit from all the chief growing centres in the Dominion. Potatoes : Til© market is well supplied at tho present, fairly heavy cargoes having been landed from the Wanaka. Monowai, and Victoria. '" Late prices are well maintained hero, with no alteration in Southern f.o.b. quotations. Onions have advanced on account of the steady demand from Australia, and a further rise is anticipated; stocks are light. Fresh eggs and butter are both l scarce and selling well; values remain at last week's rate. Poultry was fairly well penned, but a very large proportion was ,in poor condition. Prices opened up well, but declined, towards the end of sale. *"'- t FIELD PRODUCE. Voinines: Prime, £5 10s to £7 ton. Onions: Local, £12 ton. . DAIRY PRODUCE. Butter: Farmers', in print®, lOd to lid lb. .Efgs; Fr**h, Is 1M to 2s dozen. FRUIT. Apples: Local, coloured, extra superior, North. «rn Spy and Jonathan*, 6s 6<l to 7s 6d case; ' Northern Spy and Jonathans, pood, 4s 6d to 5« M; oooking, best 5s case, others 4s to 4s 6d, stand quality is to 5s 3d. Pears: Dielg, 4s 6d to 5* 6d; Clairgoan, 6s to 7* ; cooking. Vicars, 4*. Grapes: Hothouse, best Is to 1» Ojd 11), good 3d to lid; outdoor, 2» to Zs lb. Tomatoes: Oilt-dor-r. equal to 3d lb. Oranges: Island, 7s to Da ttwt. Lemons: Local, prime, best 16» case, good • Hi to 15s; local, rough and coaree, 6s to 8b case. : Cape gooseberries, 3Jd to 4jjd lb. Quinces, 3s 6d >' to 4s case. Paasion-fruit, os for best, and 2s for others per box Persimmons, 3s to if fid. Wali «ut«, B<l lb. Peanuts, 2id lb. Pineapples, 10# crate. 4 POULTRY. jiH'-m: Best, 3s to 3.i M cacti; good, 2* to 2s i 55 i. light, Is to Is 6d. Table roosters: Best, 4 a ; .r* Meh; good, 3s to So (x.t; light, 2* to 2s 6d. is ,M to Is 8d each. 0«e, 3s id each. • «r»C7* : Gobblers, lis to 12s each; hens, 4j 6d ; to ss. ' MISCELLANEOUS. ? } :Tmag pips, 7 a to 1C» each.

SALES OF PROPERTY.

Mmbtj. ail Hansen and Co. (Mr. Warren Blyth fuetioneer) helii" an auction sale yesterday after®»a at the Ngaruawabki Town Hall, when 103 allotments of one-quarter acre each *- re offered. The auctioneer* report that there a crowded attendance, and the following 30 •ectlons were sold by the time the telegram was Wtttciied -.—Lot 27, £45; lot 26, £45; lot 25, »*?; lot 28, £40; lot. 29, £40; lot 30, £43; lot 92, r'i lot 93, £31 10s; lot 94, £30; Jit 9, £41; lot ?< £55; lot 1, £67 10»; lot 5, £51; lot 31. £45; & 32 1 £41 ; lflfc vV), £45; lot 37, £45; lot 45, £ '2 lot 24, £40.

.. 'Australian PRODUCE MARKETS.

By Telegraph.— Preis Association.—Copyright. MELBOtTRSB, May 3. 4b 4d to 4s 4id. FloW, £9 sa. Oat*; *»rff , feeding, is 6d ; needing:, 3a 8d to 3s lOd.; IfSi ®ci- Barley :Primo English, 6a 4Ad; Cape, 4a $?«>&>. Maiie, 4a «?d. Brim, £6 15s. Pollard, *' »>• Potatoes, £7 to £3 s*. Onions, £11 sa. ' to. J Adelaide, May 3. 9 wheat, 4h to 4? lid. Flour, £8 17a 6d 'to £9 ** M. Bran, Is 5rL Pollard,' la 6d, Oats, 3s «<* to 3b 3d. .

CHRISTCHUROH grain AND PRODUCE MARKET.

t®7 TELEGRAPH.—PRESS ASSOCIATION.] OHRlfiTCnyitCH, Friday. '* no c to report in the wheat manTi r * x P fc that there is not such a keen deitherl . r Immediate export. At the same time, Urn*!?. 18 4 B°°d speculative inquiry, indicating -6mSk J» w ln th e future of the market. The 6rt . reoent ljr received from London is 38a BslS?? 1 3* 9id f.0.b., though prices equal to inilirii, i k >»«» lately been paid. The prices 4h"i?t*i country stations are 3« 7d to 3s 7id, "bid ifj*®' price being for short railage; and 3« W fjUi«- B P*" 01 nt 11 distant station. There is holrw <lUantlf y of wheat offering, and eicrae - tr* wking 5 * Brl and 3s 9«i, but no ale J M "Swed M worq than & 7*cU i' ! '' ' 1 : ■ .- 'i>' ■

aow h °ho°W?i^ n 2 s . lmve f 11,00 off - i«mcr» advanoft in nJw rr? rm ]?' consequence of the not. vet (tilui A 6, Southland oats harvest is suited Jur' a ? tljo loto Bfas there lias rc- „"',' d „ in delivenea by rail being only 101,945 S, daVn ar With m ' 4oo eacks up 10 the 17?M h h»/, Chaf L b a litu « firmer, £2 15s to £2 it fan* .5 pa i d :, and ' though £3 is beiuff asked, iwJI reported to have been yet paid. (iil 4r j ,1 ' Cl firmer, £4 108 to £ 15a being; »no ruling 1 prices. toiw'Sa K Cr *'" n ftnf l the digging 1 of pototh?2£lS be ?? dela >' ed v the heavy rains during: so™ !£. feared ,at on the heavy land mo damage will bo done to the potato crop.