COMMERCIAL.

New Zealand Herald, Volume XLIX, Issue 15110, 28 September 1912, Page 5

COMMERCIAL.

LONDON MARKET REPORT. | f't MONEY AND PRODUCE RATES. &&"£?•• , jjr Telegraph.—Frew Association. — \'ff - .Received September 27. 9.15 p.m.) London, September 27. jf v/' BANK OF ENGLAND ItKTUKNS. The wing are the Bank of England . returns for the week: —Coin, £40.263,000; •• reserve, £31,313.000; proportion of reserve Kv to liabilities, 50.39 per cent.; notes in 'circulation, £28,828,000: public deposits, £16.870.000: other deposit's, £44,041,000; >. Government, securities, £13,368.000: other securities, £34,570,000. MONEY MAKins. \,j' Bank rate, 4 per cent. ijhort loans, 2£ per cent. v Three months' bills, 3£ per cent. Paris rate, 2J per cent. Berlin rate, per cent. COLONIAL STOCKS. Victorian 3 per cents., £81. Queensland 3 per cents., £81. New Zealand 3 per cents., £82. Oth?r stocks are unchanged. TP,ICES OF METALS. Tin. £231 15s. V r v. Silver, 2s s^d. ; ;; BUTTER AND CHEESE. Butter is quiet and unchanged, and there is a good demand for choice brands, which are very scarce. Cheese is quiet and unchanged. BACON ' Bacon is steady. There is good inquiry for Australian at from 65s to 68s. "WHEAT AND EI.OUT!. The wheat market is inactive, and buyers arc abstaining from business while prices remain at the present level. Cart noes arc slow and unaltered; a South Australian off-coast shipment is offering at 40s 6d. Liverpool futures: October, 91|d; December. 88gd. Australian spot, which is in small supply, is worth from 42s to 42s 6d. New Zealand is plentiful, but tho most recent arrivals are badly sprouted, and are difficult of sale. Quotations. are U?: from 37s to 37s 6d c.i.f. Best samples are worth, from 39s 6d to 40s landed. Flour is slow. Spot is unchanged. Forward shipment, 26s 3d to 26s 9d c.i.f. OATS. 'Oats are firm. A Gartons. on passage, 25s 9d; prompt shipment. 25s 3d. Spot • is scarce at 26s 3d. La Plata afloat, 18s 6d. . BEANS. Beans are scarce. New Zealand, spot, 38s to 38s 6d ; new crop, 37s 6d. SUGAR. German beet, lis lid: granulates, October, shipment, lis lOd. - ' Messrs. Dalgety and Company. Limited, ■Ji are in receipt of the following cable under ; date 26th inst.': —"Butter market dull and lower; 61.000cwt of butter equals total imports into United Kingdom for week ending Saturday, as compared with 64,000cwt for corresponding period of last year. The Copenhagen official quotation is unchanged. We quote: Danish butter 131s, finest Australian sal ted 118s, unsalt-ed butter at 121s. Cheese Quiet; prices unchanged. Frozen meat quiet, but stocks are small. Mutton gd .to id lower, lamb l-16d to £d lower. Beef unchanged.- Frozen mutton and Jamb, owing to quantity afloat being small, prices aro not likely to go much lower." LONDON WOOL SALES. . TRICES WELL MAINTAINED. 'i: By Teleffrapb. Association. ,- (Received September 27, 9.15 p.m.) jf" London, September 7. At the wool sales yesterday the opening ' rates were well maintained. The best merinos showed a slight upward tendency. The following prices were realised for the fleece portions of the clips named: — Panikau, top lid, average 10|d; Gear, top is. average lid Mesopotamia, top 22id, average 21^d. The Bradford wool market is very firm at:recent rates. Business is difficult. . FRUIT AND PRODUCE MARKET. - '• Business in the fruit and . produce markets has again been fairly brisk throughout the week. The Maheno front • Sydney landed an American cargo of oranges and mandarins, also pines and ■ lemon;. Competition for mandarins was /. exceedingly keen, but the price for oranges dropped as compared with last week.' ' The Hauroto. from the Islands, landed over 10,000 cases of oranges and £•• 4000 of bananas. The former were in ' bad condition, while the bulk of the bananas were good. Both lines met a good ' market. The Makura landed oyer 700 : cases of Canadian apples in splendid conr-. dition, also a few cases of pears. The , latter arrived in wretched condition. The apple market is much weaker than during the past two or three weeks, and has been well supplied with shipments from New Zealand ports as well as America. Local small fruit is now in a very small compass. . The potato market is dull. Fairly heavy , stocks are being held, although the outlet to Australia is still open. At the present values are easier than they were, but an upward tendency is expected. 'Frisco onions" are low in stock and idling at late prices. Fresh eggs and farmers' butter are selling well. Poultry is exceedingly scarce, and bringing high prices. FIELD PRODUCE. Potatoes: Prime, £9 to £9 5s per ton: new, up to 4Jd per lb. Onions: Triscos., £16 to £18 do. DAIRY rnoDUCE. Butter, farmers', in prints, 101 d. Eggs, -' fresh, 10' d to lid per dozen. FRUIT. Apples: Choice Kokewoods, 10s per case; Doughertys, 9s; llobart Stunners. 8n 6d to 9k 6d; 'Frisco. Guavintons, lis to lis 6d; Canadian desserts, lis to 12s. Tomatoes: Hothouse, 9d to Is per lb. Oranges: Local, 7a case: Island. 12s; Sydney, Kins, 6s to 7s. Mandarins: Sydney, pins. choice 18a to 20s, , pood, 15s to 16s. Lemons: local, prime, 10s case; rough and coarse, fcs to 7s; Sydney, srins. 9s. Walnuts. 7Jd per lb. Peanuts, 2Jd per lb. Pine?, 10s crate. POULTRY. liens, best, 3s 6d to 4s each, good 2s 6d to 3s: table roosters, best. 4s to ss, pood 3s to 3s 6d. Ducks, 2s 6d to 3s each. Chicks. 8d to Is 3d each. Young pigs, 8s to 16s each. . AUSTRALIAN PRODUCE MARKETS. Br Telegraph.—Press Association.— MELBOURNE, September 27. Wheat, 4s 33>(i to 4s 4<l; flour, £9 10s: oats. New Zealand. 3s to 3s 4d; maize. 4s 2d; bran. £5 15b; pollard, £6 15s; potatoes, £13: onions. £13. GRAIN AND POTATO MARKET. fliY TELEGRAPH. — I'l'.r.SS ASSOCIATION.] CnniSTcnr, Friday. Beyond a little coastal trade, there is no business doing on the local (jrain market, 'flit' opinion formed some time a£o that the area "sown in grain in New Zealand this Reason will be considerably below tho average is now strengthened by the fact that even with the spring the area of land under the plough appears to ho very small. In the northern part of Canterbury, where & large area is usually sown in wheat, the paddocks are nearly all in grass. There appears to be no particular demand for wheat, but there is still good inquiry for oats, though growers arc not offering either cereal in any quantity, and most of the business that '.akes plaro is between merchants. Potatoes are now selling at not more than £6 per ton at country stations. There is still a fair quantity going to §7dney. but these are mostly bought forward. *