COMMERCIAL.

New Zealand Herald, Volume XLIX, Issue 1514, 9 November 1912, Page 5

COMMERCIAL.

II LONDON MARKET REPORT. J "MONEY AND produce RATES. By Tclf'ffrd-pa.—Press Association. Copyright. ' (Received November 9. UK a.m.'t I.on'jiov, November 8. RANK OK ENGLAND RETURNS. Tin: following are the Bank of Vxghnd returns for the week : om, £30. 176.000 , reserve, £26.363,000; proportion of reserve to liabilities. 47.46 per cent. ; notes mcirculation, £28.837.000 public deposits, 10 204.000; other■ deposits, £4o.o00,000: Government securities. £13,038.000: other securities, £33,908,000. \ .VUNITY M AISKKT. * Bank rate, 5_ per .cut. > ! Short loans. per ient. Three months' bills. 4 15-It)tbs per cent. ! Paris rale. 3£ per cent. Beilin r.ile, 4| per (.cut. COI««.>XIAL .STOCKS. \"ew South Wales 4 p.T < eius., £102 : 3j per cents,. £96 15s: 3 per cents, £8a 10s. Victorian 4 per cents., £100 ss; 3J. per f ,, n t.«.. £95: 3 per cents., £78 10s. Queensland 4 per writs.. £101; 3-!r per rents., £94 ; 3 per cents.. £79 ss. N'ew Zealand 4 per cents.. £100 10s; 54 per cents., £92 : 3 per cents. . £80. _ Tasmanian 3i per cents., £91 15s; o per cents.. £84. _ West- Australian 3} per cents.. £92; o oer cents., £83 10s. I'KICKS OK METAL. Copper : On spot- £76 12s 6d, three ' months £77 ss. Iron. £66 10s 6d. Lead, £18 ss. Tin. £229 to £229 as. Wolfram, 31s 6d. Spelter. £27 7s 6d. r SI'CtAR. Bu"ar : German beet 9s 5-; d, tot marks *1 s id. 1 8 WHEAT AND FLOUR. The wheat market is generally dull. Iho stormy weather in Argentina is a serious factor from the bears standpoint. Buyers have offered 38s Bjd for a January - February* shipment. Liverpool futures : — December-March, 95*<1: May, 88|d. Australian, spot, is in small supply, and is nominally worth from 41s to 41s. Od. Parcels on the passage to London are offered at 38s 6d. New crop parcels, De-(eniber-Jamiarv shipments, are, selling at 37s 3d. New 'Zealand is dull, stocks being heavier. The beet is quoted at 395. Flour ia in poor demand, and is quote*! at 28s ex store; 27s is offered for new crops. OATS There is but little demand for oats. '"A"' Gar'oils on passage, 25s 6d : La. Plata, new crop, Deeemoer-January shipment, 16s 10id. PEAS AND BEANS. Little is doing in peas. Beans have a fair inquiry and Bra nominally worth 38s 6d ex store. BUTTE AND CHEESE. Butter continues dull owing to tho largo Home and French supplies. Considerable quantities of Siberian are in the. cold store?. Australian choicest is selling at 116s to 118s, and occasionally 120s; secondaries «ire vers" slow of sale at from 112s to 114s. Danish is quoted at 127s to 1295. Cheese is quiet. Canadians. 63s to 655. WOOL. x i'.rifk inquiry for merinos at recent quotation : crossbred* required. Messrs. Dalgetv and Company, Limited, have received tlie following cablegram from their head office, London, under date November 7 :—Butter, quiet, with a downward tendency. Sixty-nine thousand cwt. of butter, equal to the total imports into tho United Kingdom for tho week ending Saturday, as compared with 66,OO0cwts. for "the corresponding period last year- The Copenhagen official quo tuition is two kroners lower. New Zealand salted butter at 122s : Danish butter, 1295: finest Australian salted, 118s; unsalted. 120s. Frozen meat: Very poor demand at unchanged prices. FRUIT AND PRODUCE MARKETS. Only a moderate amount of business has been transacted in the fruit and produce markets during tho week, and with tho exception of a shipment of Fiji bananas very little of note has been put through* 'Frisco apples, transhipped at Wellington from the Moana, are due 011 Monday, and will meet with a fairly good demand. Further shipments of Canadian apples from Vancouver, ex the Marama, are due on the 19th inst. The Navua arrived from Suva with upwards of 4000 packages of Bananas, and owing to the scarcity and almost a famine of fruit generally, prices were very good. Only 80 cases reached the market, ex Maheno, from Sydney on Monday, consisting chiefly of oranges. The demand was again good. Local grown lemons are soiling well, and gooseberries aro now making their appearance. New Potatoes : The market is good, although yesterday's supplies were much heavier than expected, consequently values were slightly less than in the earlier part of the weekOld Potatoes: Very little business is "being done. 'Frisco Onions: Market easier, late . arrivals from 'Frisco are not in good order; demand moderate. Fresh eggs and butter continue to sell well, with a good demand existing. All lines of vegetables and greenstuff are commanding high prices. Poultry is still in excellent demand, and good prices rule for best-conditioned birds. Young pigs are in strong demand at high) prices. FIELD PRODUCE. Potato?*; Prime, £12 ton: new, best utinples ' 2d to 2j<i, medium IJd to lii'l. Onions : 'Frisco, j 15» out. DAHir PRODUCE. li.iitf-r: Farmem', in prints. lO'l to 10>'<1 11»; rrin-.o farmers*, bulk. lOjtl. Fr'%h 11 to 111 < 1 dozen. FRUIT. Apples: American, choicest varieties, such ns ' Jonathans untl Winesajw, lis to 1&« rate. Tomatoes : Hothouse, best 1 to Is Jti If,, milium 90 '.0 Orui<CH: Loral, 10a <au!i; ; It>tsn<l, scarce, JSt.l/i 17-i repacked; Sydney, 14s to Its gin. Mandurins : Sydney, bw=t, 16s to '.!?j sin. Lenir>ris : Local, rough iiiul coareo, 6* to fa euro; Sydney, U-n, 12* to 14« oaf. (JoosfOfCrrkf), 7* to Yh td box,' Peanut*. 2«d lb. l'inr.;, fr3 6d to 103 rrato. CoctunutJ, 12s od suck. VOI.'IjTIIY. . llf-ns: Heavy. 2* 6(1 to 3 1 " ?.<l o;irli: poor and •' l'?ht, In 101 do 2a 4d. TaMo roosters, 3,-t to 5* lid each ; eoolcerel.s, 1=? Kid to 2d ft I. (.liirlcs, ' Wtols M eaeli. Hocks: (Juckl condition, 'da ' to 2s l r jd each : poor, Is Md to Is ICd. DucklinK-s, i I'M to Is 1 (VI (Mich. (rfM'v-*. 4« to f/H Cii'-ti. Turkey goMiiera, 8s to 11« «-.i<b Turkey hen«, < to 6s each. * ; Yt'inj pi.tr*, 15a to 22.1 6<l *ach. 1 1 PROPERTY SALES. I Missis. Sami;'] V.iito and Sens ,victor>l.:y .lOid 5 l umber of town and country properties b'v anci 'ion. Tlkto w.ih ji jateridni:co, and too ''d'Jing wns Keen. 'flu: firMt property 'iffeixd '< a slorc- and dwelling, with an acre of land < 1* I'mii. I'nlii'kol.'o, which «e« .-villi fnr £S.V). • An aliormcnt, 35ft. by 101 ft. in Cjlln-e Hill. rc.a----«f«(l £450. An allotment in Valley Koad, Mount ] J-'.cn, with 60it froniagi', rejlii'ed £6 Y!» 6d 1 n-r ' y"'f. Tlirc.. other Hll" , ni"ittn adjoining. each 57ft ' 'ror.tajce l.roiijjhl, £.) 12p. £6 Is. an l £5 10a 6rt i r J<P*ctivc]j\ A boardinjj'honso in Symondf "Meet, with fruotaife, «.ih withdrawn, i>u> 1 J'}' flterwjp.ls MtlJ, v.itli 31ft frontage, lor 11175. ' Them wan a ko>»1 allendance at Mr. J. Tlinrrifj'i ' {"■MI auction iiilo yt-Mtordav, but bidding; iv.ls uot I ["*■ Tho fn«t com petition wait for tho area f } acre 1 iood, 011 the Nnv N'otdi Koad. on ' " n 'ch Bt-inds .in old cottuge of iivo rnnins 'I'his \ J* sold £775. For an allotment, in Kar.ik.i- . C!r ''- a foot was obtained, and J . ■ two illolin.. :i!» at liirl.cnliOi'd £i!) 12». 'l ire l ' a *° cott m at. Arclihill, previously «itlidrawi> w auction. w«i« sold ptivatelv for'ms. I Messrs. Aitrsd iiiu'kland and' boh.i li<-hl a laa.f : , ,® at the Ilayniathcr. vcst«'rda>. on no j . l' .Mr. .1 1.. Stewart, of his ' "P f riV r,f Wo o.res. el'.Re to tin- township, to?lT" er with all buildings thereon. The attend- '<■ ,55* good, and the bidding brisk, but it j in ? 0 rr '"'l | Hi* vendor's reserve, being passed ( .„*t the bid f.i S'A'j 15s per arrc-. Ail are.l of ■: i.al, ar , res of dainiiiT bmd was then off-Ted, and i«i ,e ln at £2;*» l'* an acre, 410 acrcfl of gra?.- c Z eoiintty being ill.-', passed in at XS JG» an ,a . • ! ' I I A'jS'J AX PRODUCE .MARKETS ' • v Ti'lrig-r.iph.— Pre.-* Association. —Copyright. Mitwiocitsit, November 8. Adrian" V t0 4 "' r " L Elour, £9 10s. Oats: ! : ' 'eoiit--. 3, 2d; New Zealand. Js 4Jdl x uZ*?\ •* W1- liran. £6 sf. Pollard, £7. Pot.v « *' iii- a '' £15 to £l!i 103-. New Zealand, cleared I u «U On ion h, £8 l(fe to £9. 1