COMMERCIAL.

New Zealand Herald, Volume LI, Issue 15521, 31 January 1914, Page 7

COMMERCIAL.

MARKET REPORTS. effit AND PRODUCE RATES. I LflN fjbN MARKET REPORTS. ]t(ot AND PRODUCE RATES. i • -iiW»na —Press Association—Copyright. yj ' (Bscaiwd January 80. 8.6 p.m.) London, January 30. ""'BANK OP ENGLAND RETURNS, .. following are tho Bank of England m , t f or the week ended January 29 — r * t ? r " £42,617,000 ; reserve, £33,884,000; '^Aftion' of "reserve to liabTTities. 55.38 kjgL . notes iu circulation, £28,201,000 W& doposits, £9,824,000; other deP"-.. £51,345,000 ; Government securities, I »$j 199,000; other securities, £34,159,000. | %Jhreo months' bills, 2 5-16 per cent.; loans, 2 per cent. If-, COLONIAL STOCKS. ■j*j{ ew South Wales 4 per cents., £100; 4th eentfc. £100; 3 per cents., £86. I i' Victorian *P" eenta -' £101 ' 3 i P« 3 per cents.. £81. I $1183,000; other securities, £34,159,000. ' months' bills, 2 5-16 per cent.; ,hor» tons, 2 per cent. COLONIAL STOCKS. jj ew South Wales 4 per cents., £100 j ~*„« cents., £100; 3 per cents., £86. Victorian 4 P" c * nta -> £101 > 34 per gaa'h Australian 3i per cent*., £90; 3 «r cento., £74 10s. 1 1/■ Queensland 4 per cents., £101; 34 per cents., £96; 3 per cents - £B °- ;,' New Zealand 4 per cents., £100; 34 per caits., £90; 3 per cents., £81. I 'v - Tasmanian 3$ per cents., £91; 3 per |V certs., £81. f / Wert Australian 34 per cents., £91; 3 1 *jer.c«te-, £85. | / BUTTER. i '■ lie Urge supplies of butter, especially I I from New Zealand, have caused a slight I " dullness for colonial butter, but the steady ' demand continues. Choicest Australian salted, 110s to 112s ; unsalted, 112 a to 114s. A few lots were sold at 116s. New Zealand salted. 114 ato 116s ; unsalted, 116s to 118s. I Secondary Australians are selling well at lOCS to 108s. Danish, 126 a. CHEESE. Cheese is quiet owing to the largo arrkals. New Zealand white, 64s to 655; t.Joored, 66s to 66s 6d. RiCON. Bacon ii doll. ' ''' -. WHEAT. ■■■ The demand is quiet, sellers being dis--1 posed to make concessions as a result. The Biver" Plate. Canada, and Russia are offer- *. '.'"lag n»rs lreely. There is little inquiry for '."cargoes. Sumo 2500 tons of Australian February-March shipment sold at 35s 6d. Australian spot is nominally 36s 6d. New ' Zetland is exhausted. FLOUR. ' Tbera is little demand for flour. Spot, fsif t'-'iness. Australian January-February shipments sold at 25s to 25s '3d, ci.f. .: t ,...:'y ' OATS. W Oats are neglected. La Plata February. -Jfarch, 14s 4id. •■■ ". V / - BEAKS. Titers is a good supply of beans, and a fair demand at 36s to 37s 6d. PEAS. Pew are firm. t j I |H : i ;■• PRICES OP METALS. ! U Copper, £65 to £66 2s 6d; electrolytic, '.'ioTJOaj tin, £181 5s to £182 10s; spelter, ':« "'Bar silver is quoted at 2s 29-16 d per ; standard ounce. fifT':"; ' SUGAR. " x £\, German beet, 9s 4d ; first marks, lis s±d. WOOL. 5f The Bradford wool market showed better "'enquiry to-day, and there was more spirited competition. Sixty-fours 28d; super, 27ifl; common sixties, 26$ d; fifty-sixes, ',2% fifties, 19|d; forty-sixes, 16d; ~ . fo{t«i,, 15d. '*'"'. C FRUIT AND PRODUCE MARKET. ,6 The local market has been well supplied \ - Vita all descriptions of summer fruit dur- > ■ ing ihe week, and a much better tone has SfMea recorded. All fruit of the first grade •> sand prime quality is selling well. Tomatoes advanced materially yesterday, and the :* sat"? applied to hothouse grapes. English /plums are inquired for at better prices, % while Japanese show an upward tendency. 'Local William B.C. pears are also .' wiling better, and best cooking and dessert apples have improved. Fiji bananas ex Moura reached the market yesterday, i;and, owing to tho light shipment, advanced H prices were obtained on last month. !gf Potatoes are very dull, and' unless the i supplies slacken off better prices cannot be looked for. The onion market is well supM plied with locals. JP*- r&ih eggs and farmers' butter continue to iell well ;'/' The poultry market is dull. J t '■"■ ' FIELD PRODUCE. ;: PpUtoes: Local, prime, best £3 10* ;...-■ nw.ora unsalable. Onions: Local, 7s per ' m. . •*, . DAIRY PRODUCE. 4 • p ßuttar: Panne"', in prints. M to lOd. ; . *<«». fresh, Is id to Is sd. ' I 'V FRUIT. ' e Apples; Local, dossert. extra superior, cam, t Si , **<< B P? d - "a »d to 4a 6d; box, medium. V ' ' i j° .j 8d; cooking, choice, ewe. 3s 9d ; • '■'■fk..- 3Ai o rt " n "T. ** to 3s. Peart: Bon 1 » «5 lwn ' hlo „ 88 ' others, dessert. 2s 6d w t.,; !■ 000 „ kln *" ** to it*. Plums: English J^"**-1* to 3. 6di Burb»nk». Is to Is 6dj mv 2? d to 3a 6d i Ogon, It to Is 6d, h H»' 2 » *° Bs. Peaches: Coloured, smalf. . S S *9 "L good S " to 2s 6d; extra. Os Get 1. om -w Gn6>: hothouse, per lb. 9d to •i* Old. Tomatoes: Hothouse, per lb. Sd to M; outdoor, per lb, 3d to 4d. Lemons: ' KK; , .P 1 ?5 w caß0 ' 10 "i medium. 6s to Bs. ■Melons: Water, per dozen. 21s to 10s. POULTRY. U^w'L^.-J ls 10d to 3» 8d; poor. - to 8, iiV 4 M 'i, T , Bbl «, e*oh ff ej ' old l. M ; « l, {„i' 3d to 2b - Duck ». each. i«.JL «t i 8 10d; un «- ls B< l to 8s 3d to 10d *nS 3 .' Mto I - P 1^1 "' ••oh. 4d SfcSrL Uu "linßs. each, 6d to Is. Turkey *• to fiV ' v hl 8s t<J 12a. Turkey hen*, each, '«> 61. Young pigs, each. 6s to 14s. -, ■ OANTERBURY MARKETS. i . GOOD CROP PROSPECTS. LCI TEUMJRAPH.— ASSOCIATION.] CHEiBTOHintCH, Friday. .A'"'' , lines of new wheat from the noithern district have been offered, and a «ne of about 900 bushels of Tuscan, of Good quality, has changed hands at 3s 5d w WW st ?"- For another line of rather netter wheat, from the same district, 3s " was offered, bat 3s 6d was wanted, mat which has been sold will probably go W nil orders for fowl wheat, which is very «arce at present, as only milling wheat '•available. The demand for oats is very dull, no „; 9 «*mingly being inclined to buy. even « WW low prices ruling. Feed quality is °Wy worth Is M to Is M and miUing up «|« 'd at country stations. Therohas been '"■tie doing in barley yet; large buyers ■« still holding off the market. Sales • vo ' however, been made up to 3s 9d at country stations. For thin, or out of con'™n > sorts there is practically no sale. ■ °° mo busing has been done in now oat an? ° at £2 10s at ootintry stations, ft »d last season's chaff in now worth pracucally no more unless of prime quality. "O further business is reported in pota- ' i ': Reports of damage done by blight «> the Oamaru district are sfill conflicting, nt it is stated by practical men who «now the district that, at the outside, proD »blv not more'than 200 to 300 acres only will not bo worth digging. As against t™ however, it has to bo remembered Wat tho Government estimate that the «C.i in potatoes is 6000 acres larger than 'Ml year. The crops throughout Canter- , our v are on the whole good. Last season •ho crop was much beyond the Dominion's f«|uirements, so that the extra acreage this season, even if the average yield is Sol " ew hat less, should provide more than sufficient for this year's requirements. There will probably be little prospect of ,*n export trade with Australia, considerF l *- ♦•!« good season they ham load there.

PROPERTY BALES.

DISPOSAL OF AN ESTATE. Instructed by Captain A. Duder, an auction sale of 40 sections of land on the Victoria Park Estate, Devonport, was conducted at the rooms of Messrs. Samuel VaiJe and Sons, Queen Street, yesterday. JLhere was a good attendance of the public. Bidding was fair, but only a few of the sections were sold. The prices obtained for them were 40s a foot. The majority of the sections were passed in, as they failed to reach the reserve. After the sale inquiries were made of the auctioneer as to the prices of the sections and various conditions as to their disposal. Another property, comprising a butcher's shop and a five-roomed house, situated at the corner of Victoria Avenue and Sussex Street, Eden Terrace, was also put up to auction, but, as it failed to reach the reserve, it was passed in. A niece-of land of an area of a little oyer 22 perches in Mont le Grand Road, Mount Eden, was sold under conduct of the registrar of the Supreme Court, and at the request of the mortgagee. It changed hands at £276.

Attention is drawn to the auction of the ™} delightful subdivision known as "}.. Lawns" Estate, situated immediately adjoining the famous Bayswater Estate, on the tramline of the Takapuna tramway, which will be offered at public auction by Mr. Louis Lewis, in conjunction with Paul Hansen and Company, at the Chamber of Commerce on Friday, February 13, at 2 p.m. This estate comprises ul large allotments, seven of which have a direct sea frontage, the balance having easy access to the beach, being within two minutes. There are extensive views from this estate over Northcote, Birkenhead, Waitakere Ranges, and lnkapuna. The terms are specially easy, being :—lO per cent, on fall of hammer, 10 per cent, in three months, balance of the purchase money remaining for five years at 5 per cent, pur annum. These terms alone should tempt the investor or the speculator, especially so when it is known that the reserved fixed for the auction are particularly low for such a high-class subdivision Water and gas are fronting the property on the main road. The soil is excellent, and the roads are well made and already dedicated. The steamer fare toBayswater is only l|d. It is difficult to appreciate that situated within 10 minutes of Queen Street, as this subdivision is, one is far away from the dust and toil of city life, and can be transported in a short time to such, beautiful surroundings, where dust is unknown. AUSTRALIAN PRODUCE MARKETS. By Telegraph—Press Association—Copyright. (Received January 80, 6 p.m.) Mklboitknt:, January 30. Wheat, 3s 6id to 3s 7d. Flour, £8 10s. Oats, Is 7id to Is 9id. Barley, 3s 3d to 3s 6d; Cape, 2s 2d to 2s Maize, 4s. Pollard, £4 15s. Potatoes, £3 to £3 ss. Onions, £6 10s. Perth, January 30. The wheat standard, f.a.q., for the year has been fixed at 611b'per bushel. SHIPPING TRADE OUTLOOK. [fBOM OUB OWN CORRESPONDENT.! London, December 19. Considerable astonishment has been caused in shipping circles by Sir Walter Rundown's statement, at Sunderland, in connection with a launching ceremonial, when lie announced that the suddenness of the recent collapse in freights was unprecedented in his experience, and that, furthermore, the prospects pointed to a very bad period of depression, during which "only up-to-date boats would be able to keep running." Shipping men in tho city do not endorse these views. It is pointed out that although the freight market has become quiet of late, yet shipowners are still working on a remunerative basis, and do not doubt their . ability to continue .to do so. If next year's crops prove to be unsatisfactory, the demand for ocean' transport will at once' undergo a great reduction, but there is no reason to anticipate such a development any more than <» slump in other forms of commercial enterprise. ST. HELENA LACE. [from OtTS OWN CORRESPONDENT. J London, December 19 Buyers of Christmas presents have been asked by the Countess Bathurst to look in at the offices of the League of Empire where there is now exhibited some beautiful work, done by the lace school of the Island of St. Helena. During the last few years a great improvement has taken place in the St. Helena lace industry. It was in 1906 that the Government decided to remove the small garrison which had been hitherto stationed at the island. This meant practical ruin to the islanders. Most of the more prosperous inhabitants left for England or the Cape, and the plight of the poorest was great. One or two industries were suggested, but the lace industry met with the greatest success. The Colonial Office gave a grant, and two teachers were sent out, and a small committee of' ladies in London advised on the kind of work most' suitable for sale. The inhabitants of the island are now making a brave struggle 1 against adversity.