COMMERCIAL.

New Zealand Herald, Volume LI, Issue 15551, 7 March 1914, Page 5

COMMERCIAL.

LONDON MARKET REPORTS.

MONEY AND PRODUCE RATES.

By Telegraph—Press Association Copyright. (Received March 6, 8.5 p.m.)

London, March 6.

BANK OF ENGLAND RETURNS. Th following are the Hank of England returns for the week ended March 5: Coin, £10,355.000; reserve, £31.739.000; proportion of reserve to liabilities, 50.12 cent. ; notes in circulation, £28,498,000 ; public deposits, £22,441,000; other deposits. £'<0,877.000; Government securities, £11,153,000; otl'er securities, £38,676,000.

MONEY MARKET. Bank rate, 3 per centShort loans, 2' 6 per cent. Three months' bills, 2 7-16 per cent. Paris bank rate, 2] per cent. Berlin bank rate, 31 per cent. CONSOLS AND COLONIAL STOCK. Consols, £75. New South Wales 3 per cents., £86. Victorian 3$ per cents., £CO. New Zealand 3 per cents . £82. Other stocks are unchanged. PRICES OF METALS. Bar silver is quoted at 2s 3d per standard ounce. Copper, £61 7s 6d to £64 17s 6d, Electrolytic. £66 10s. Tin, £174 12s 6d to £176 7s 6d. Lead, £19 12s 6d. Pijriron 60s 6d. Spelter. £21 10s. SUGAR. Best German beet, 9s 2Jd ; first marks, lis lid. WHEAT. heat is dull, Australian cargoes being held for previous rates. Australian and New Zealand spot is nominally unchanged. FLOUR. Flour is quiet. Australian store. 26a 6d. OATS. Oats are slow, tending easier. PEAS AND BEANS. Peis and beans are quiet end unchanged. BUTTER. Butter is steady and ouiet. in view of next week's heavy* arrivals. Danish, 123 to 1265. Colonial is unchanged. CHEESE. Cheese is quirt. Now Zealand, white 63s 6d, coloured 65s 6d. FROZEN MEAT. River Plate Shipments: Mutton, 98,750 carcases: lamb, 25,500 carcases; frozen bee', 8 1'.500 quarters; chilled, 308,500 quarters. RABBIT SKINS. Annings r.po:t that the rabbit skin sales closed firm, 2295 bundles being sold. Messrs. Dalgcty and Company are in receipt- of the following cable from their London office, dated March s:—"Frozen meat: Market very quiet; any change in price is in favour of buyers, except light mutton, which is firmer, owing to scarcity." ° AUSTRALIAN STEAMSHIPS. By Telegraph—Press Association—Copyright Stdxkt, March 6. The report of the Australian Steamships, Limited, which took over the interests of tlit* Howard Smith line, shows a net profit for the past year of £40,173.

PROPERTY SALES. CAMPBELL'S BEACH ESTATE. Several sections of the Campbell's Beach fc.Ft.ato, beyond Milford, were sold bv auction at the Chamber of Commerce by Mr. A. L. Raven yesterday. The sale, in view of recent experiences in Auckland, was a pod one. Following were the sales effected Section 22, 66ft, at £2 15s £181 10'; Section 12. 70ft. at £3. £210 ■ Section 16, 66ft. at £3 Is, £201 6s : Section 23, 60ft, at £1 19s, £117 ; Section 53, 60't lin, £120: Section 19, 66ft. at £2 19s 6d, £196 7s; Section 20. 66ft, at £2 19s 6d, £196 7«; Section 35, 66ft, at £1 17s 6d. £123 15s; Section 75. 60ft. at £1 10s, £90; Sections 71 and 72, with house and outbuildings, £740; Section 37, £140 ; Section! 36. 66ft. at £1 12s 6d. £107 5«: Section 26. £200; Section 51. 60:t. £62 10s ; Section 52, 60ft, £62 10s. Total, £2748 10s. Mr. R. C. Oarr sold a lease for nine years of a section at the corner of Albert and ell-'.vlcy Streets, at his auction mart. Swnn-on Street, yesterday. There is a one-storey building on the section, which has a rontact of ?Bft to Wellcpley Street and of 47ft to Albert Street. The lease realised £370. CANTERBURY MARKETS. [BY TELEGRAPH —PRESS ASSOCIATION.] CfTRisTCHUECH, Friday. The week lias been a quiet one in the local grain trade. Offerings have beer, limited, but a number of sales of wheat have been effected on the basis of the late quotations. Oats are very dull of sal;, as there is no outlet for them at present Oatshe.af chaff is also in limited demand. Good cocksfoot seed is very firm, as the quality of the samples generally is not up to the usual standard. Potato-growers are still not offering any quantity, and few are willing to accept the price offered, but merchants are unable to make anv advance on account of the prices ruling in the North Island. Sales are being made at £2 10.- at country stations for MarchApril and April-May delivery. Flour has advanced 10s per ton. Bran has been reduced, and is now quoted at £4 5s per ton. VICTORIAN PRODUCE MARKETS. By Telegraph.Press Association.— MET.nornvE, March 6 Wheat. 3s 10d to 3s 10Jd. Flour, £9. Oats, Is 8d to Is lOid. Barlev : Entr.ish malting. 3s 3d to 3s 6d ; Cape. 2s 4,jd. Maize. 3s Od. Bran and pollard, £5 ss. Potatoes. £3 to £4. Onions, £6 10s.