COMMERCIAL.

New Zealand Herald, Volume L, Issue 15482, 13 December 1913, Page 5

COMMERCIAL.

LONDON MARKET REPORTS. n MONEY AND PRODUCE RATES. Id. Tclecrapb—Press Association— Copyright. (Received December 12, 10.35 p.m.) • London*, December 12. !.; BANK OP ENGLAND RETURNS. ; The following are the Bank of England returns for the week ended December 11 : .-Coin, £35.242.000; reserve, £26,490.000; proportion of reserve to liabilities, 65.85 net cent.; notes in circulation, £28,580,000; public' deposits, £7,809,000; other doposits, £59,515,000; Government securities ' £11,185,000; other securities, £27,514,000. MONEY MARKET. Bank rate, 5 per cent. Short loans, 4} per cent. Three months bills, 4 13-16 per cent. Paris rate. 3} per cent. Berlin rate, •!■ per cent. CONSOLS AND COLONIAL STOCKS. Consols, £71 15s. South Australian 3J per cents., £89; 3 per cents., £73. Other stocks are unchanged. PRICES OF METALS. , Copper. £65 12s 6d to £64 17s 6d; electrolytic, £67. Tin, £173 2s 6J to £172 10s. Load, £18. Spelter £21 ss. pig iron, £2 9s 9Jd. SUGAR. German beet, 9s ; first marks, lis 3|d. WOOL. At the- Bradford wool market to-day there was little business. Crossbreds were weak. Sixties, ?.6d; fifty-sixes, 21Jd; fifties, 19d; forty-sixes, 15^ J; forties, 14Jd. , WHEAT. Wheat is dull and lifeless, and prices are unchanged. Australian spot, 38s. FLOUR. Flour is quiet. Australian, store, 275, OATS. Oats are slow. La Plata, JanuaryFebruary shipment, 14s 9d to 14s IOJd. BEANS AND PEAS. Beans and peas are quiet and unchanged. BUTTER. Danish, 130s to 132b. Australian unchanged ; New Zealand practically cleared. A few lots are left about at 130s. The market closes dull. CHEESE. Cheese is firm. New Zealand, white, 65s 6d to 665; coloured, 675.

LOSSES OF OIL TRUST. By Telegraph—Press Association—Copyright London, December 11. A noisy meeting of the Oil Trust, created in 1910, which is largely interested in the Taranaki Oil Wells, Ltd., yesterday appointed a committee to consult the directors respecting, new business, and any proceedings respecting the money which ha» been lost. A resolution reducing the capital was postponed.

FRUIT AND PRODUCE MARKET. The market has been much duller this week than last, and a decline in the price of fruit generally has been experienced, with the exception of tomatoes, which have improved both in value and supply. Gooseberries have met a disastrous market from a grower's standpoint, and very little improvement is likely to occur. Lemons are more plentiful and easier. Hothouse grapes are selling well. Judging by the opening prices for plums mid pcaflies, the prospects are anything but bright for growers. Values that have been accepted at the present are much lower than was anticipated. It is hoped that this is only temporary, as the weather has militated against the retailers' operations to some considerable extent.' The apple market is over supplied with large shipments due again on Tuesday next. In dairy produce both butter and eggs are forward 7 in increased supplies, with slightly lower prices ruling. Poultry: The market, as is usual at . this time of the year, was heavily overstocked, consequently prices suffered,, A large proportion of the birds to hand were in very poor condition. •'.";'•■:-., FIELD PRODUCE. : to P ?l ftt fiT : n Lc!Cal ' p T rime i £4 , mcdi «m, 3s «> isM. Onions: Local. 2d per lb. DAIRY PRODUCE. •P-^f : l F ! mers '' in prints, 9d to lOd. Eggs, fresh, Is to Is Id per dozen. FRUIT. «i, 1 f 8: Lo S al, coloured, extra superior, case 13s: good, lis to m box. medium. 1 ' 2s fid ?ni 1 i U i mSEnsl 4 *"»&«. black. ft. to Coloured, best Plums. 2s to other? lenches: Coloured, best, 5s to 6s; others. . £ fid to is. Apricots: Best. 8s; medium, • i!"oj cs: , Hothouse, per lb. Is 7d to m ; d ,ni omat^ 9 i, Hoilouse ' er J b. best, 34 to 10d; good, 7d. Oranges: Local, case , us. Lemons: Local, prime, case, lis; local , rough and coarse, case. 4s. Cherries: Local, Per lb 6d_ to 7d. Gooseberries, per box: r WW berries. 2s Mto 3s 6d; medium, Is 6d. 'to 2s. Currants, per box, red, 6}d per lb. ..-.Peanuts, per lb, 2|d. Pines, urate, 3s. . Oocoannts, sack, 12s 6d. v- - ~,~ ■, POULTRY. .Hens each: Poor, Is 6d to Is lOd; good new buds. 23 to 3s 2d. Table roosters, ; each: Large. is to 5s 9d; good, 3s to 3s lOd, ( ! mill, 2s to 2s Gd. Ducks, each: Old, Is 6d to Is 9d; young and in good condition, S| od to 3b lOd. Goose, each. 3s 6d to sa. Chicks, very little demand. Ducklings, each, 6d to Is 2d. Turkey gobblers, each, 8s I* • 16s. • Turkey hens, each, 4s to 10s. Young , Piga. each, 8a to 16s. PROPERTY SALES. Residential sites in tire borough of Mount Eden will be offered by auction this afternoon at half-past three o'clock, on the ground. The 17 remaining sections in the Woodend Estate, which is situate midway between the Dominion Road and Mount Eden tram lines, will be offered. Messrs. Smith and llalcombe, auctioneers, Queen Street, will conduct the sale, and plans may bo obtained at their offices. ' At tho sale by auction of Land and houses held by Mr. J. Thames, nine allotments at Cofoinandel were sold for £13 10s. The allotment in Painell, having a 66ft frontage by 100 ft, with a house of nino rooms thereon, was withdrawn at £900, and the same course was adopted for the allotment fronting Remucra Road, which produced bids up to £5 10s per foot. For the 100 acres unimproved land at Waiwera, the bidding was brisker, and this was -sold for £235.