COMMERCIAL.

New Zealand Herald, Volume LII, Issue 15912, 8 May 1915, Page 5

COMMERCIAL.

. LONDON MARKETS. i . MONEY AND PRODUCE RATES. ; By Telegraph—Pross Association—Copyright, (Received May 7, 7.20 p.m.). London, May 6. BANK OF ENGLAND RETURNS. The Bank of England returns" for the week ended May 5 compare with the returns of last week, as under:— May 5. April 28. i £ £ Coin ... ... 54,937,000 61,065,000 Reserve 39,809,000 39,079,000 Note iastio 34,915,000 34,686,000 Govt, deposits ... 134,165,000 132,067,000 Other deposits ... 85,129,000 87,030,000 Govt, securities ... 51,048,000 61,063,000 Other securities ... 146,153.000 146.094.C00 Proportion of reserve to liability ... 18.15 17.87 MONEY MARKET. Short loans aro quoted at 1] per cent, as against 2 per cent, last week. The discount rate for three months bills . is 2 J per cent., as against from 2j to 3 per cent, last week. ' METALS. Copper: Cash buyers, £78; sellers, £78 15?. Tin : Forward buyers, £162 ss; sellers, £162 15s. Fig iron: 61s 6d. Spelter: Buyers, £61; sellers, £67. BUTTER AND CHEESE. Butter is very firm and supplies aro short. Choicest Australian butter is quoted at 134s to 1365;, unsalted, 138s. New Zealand is selling at 138s to 140s j unsalted, 1425. New Zealand cheese is firm at 945. SUGAR. Sugar is quiet. Foreign granulated, 27a 6d. WOOL SALES. « BETTER TONE IN MARKET. i By Telegraph—Press Association—Copyright. London, May 3. There is a better tone in the wool market. Crossbreds have a hardening tendency. Merinos are unchanged. New Zealand clips : Awawaro, top, 16d, average, 14|d; Pakira, top, ISA, average, 14|<J. SYDNEY ■. lARKET WEAKER. By Telegraph—Press Association— Sydney, May 7. The wool deadlock continues. The brokers outside the association sold 7531 bales. There was a weaker market and heavy withdrawals. The demand for good wools wa3 unchanged.- Faulty wools were sparingly sought. Messrs.'Dalgety and Co., Ltd., are in receipt of the following cablegram from London —" Wool : Merinos sold very firm; inferior and faulty, irregular; crossbred, easier; low, shabby, 10 per cent, to 15 per cent, below last sales." The Bank of New Zealand has received tbs following cablegram from London — i" London wool sales: Crossbreds, coarse, 14Jd to 15Jd ; medium, 15d to 16d; fine, 16id. Halfbreds. 17d. Merinos : Inferior, lOd; superior, 15Jd."

FRUIT AND PRODUCE. REVIEW OF THE MARKET. Business in the fruit and produce market during the week has been only fairly good. Local fruit, in the earlier part of the week, advanced in price, but only temporarily, bud lias again fallen to normal. Supplies have consisted mostly of apples, pears, and lemons. Passion fruit ,is getting short, and. capo gooseberries are about finished. A decline again in hot-house grapes has taken place. Supplies of 1 potatoes are plentiful, and both local and Southern are sailing at reduced rates. Onions are a little better, and values are firmer. Farmers' butter is scarce and sells well. Fresh eggs were more plentiful at lower rates, and a better supply of preserved were offered. FIELD PRODUCE. Potatoes: Local, prime. 4s 6d: Southern, £6; medium, 3s Ed to 4s. Onions: Imported, 5s 6d to 6s. Pumpkins, best, 3s 6d to 4s per cwt. Kumaras, 7« per cwt. DAIRY PRODUCE. . Butter: Farmers', in prints, Is 3d. Eggs: Fresh, Is 8d; preserved, Is 6d. FRUIT. Apples: Local, coloured, extra superior, dessert, case, 5s 6d to 6s; good. Is 6d to ss; medium, box, Is 3d to Is 6d: case, 3s: cooking, best, 4s 6d; good. 3s 6d to 4s.< Pears: Dessert, beet, 6s to 6s 6d; Dcils, 3s 6d to 4s: cooking. 4s. Grapes: Hothouse, per lb, lOd to Is. Tomatoes: Hothouse per box, 3s to 4s. Lemons: Local, prime, case, 6s: local, Tough and coarse, case, 3s to 3s 6d; Sydney, 7s Cape gooseberries, per lb, 51d. Quinces, per case. Is fid to 6s. Passion fruit, per case, 6s; best medium, 2s 6d to 3s. Walnuts, per lb, 6!d. Peanuts, per lb, Sid. -POULTRY. Hens, each, Is 3d to Is 9d; purebred pullets. 2s lOd to ss. Table roosters, each. 2s 4d to 3s lOd. Ducks, each, Is l.Od to 2s 6d. Turkey gobblers, each, 6s to 10s., Turkey hens, each, 3s to Is. _ Owing to the wot Weather many of the birds came to hand in bad condition, which brought down the values considerably.

AUSTRALIAN PRODUCE MARKETS. GRAIN QUOTATIONS. By Telegraph—Press Association— (Received May 7, 9.35 p.m.) Melbourne, May 7. Wheat: Nominal, 8s to 8s lid. Flour, £17. Oats: Algerian, 6s to 7s; white, 5s to Bs. Barley: English, 5s 5d to 5s 9d; Cape, 5s 4d to 5s 6d, Maize. 6s Id. Bran, £10 ss. Pollard, £10 ss. Potatoes, £4 10s to £5. Onions, £5 10s to £6 6s. Butter, Is 9d net, CANTERBURY GRAIN AND PRODUCE MARKET. [l)T TELEGRAM".—PRESS ASSOCIATION.! CiinisxciiUKCH, Friday. There is very little wheat offering, but neither millers nor merchants appear to be operating. Nothing can be done in oats in view of lower prices ruling in Southland. Oatshcaf chaff is firm, but not much business is being done in straw chaff or baled straw, as there is difficulty in getting shipping space to Australia. The potato market is quiet, and buyers are only offering £3 10s to £3 15s at country stations, as .quality coming forward has been larger than could be dealt with. PRICE OF SHEEPSKINS. 'ihe New Zealand Loan and Mercantile Agency Company, Limited, has received th* following cablo from London :— Sheepskins, combing, Merino, {d lower; crossbreds-, £tl lower; shorn, Id lower.