COMMERCIAL.

New Zealand Herald, Volume LII, Issue 15948, 19 June 1915, Page 5

COMMERCIAL.

LONDON MARKETS.

MONEY AND PRODUCE RATES. By Telegraph—Press Association—Copyright. London, Juno 17. BANK OF ENGLAND RETURNS. The Bank of England returns for tho week ended June 16 compare with the returns of last week as under :— June 16. Juno 9. £ £ Coin 65.368,000 58.207,000 Reserve 42,033.000 44,683.000 Note issue 32,947,000 33,153,000 Govt, deposits ... 113,042,000 123,342,000 Other deposits ... 139,489,000 91,443,000 Govt, securities ... Not given 51,013,000 Other securities ... Not given 136,836,000 Proportion of reserve to liabiltiea ... 19.56 2080 MONEY MARKET. Short loans are quoted at 1| per cent, as against 1J per cent, last week. The discount rate for three months bills is 2J per cent., tho same as last week.

DAIRY PRODUCE.

Butter is firmer, the dry weather checking European supplies. Choicest Australian Is nominally quoted at 136s to 140s; secondary, 133s to 1345. New Zealand has been cleared. Cheese is dull. New Zealand is ouoted at 945; exceptional at 965. METALS. Silver Is 11 5-16 d per ounce. Copper, buyers £83 ss, sellers, £84 10s. Tin, buyers £166, sellers £163. Pig iron, 67s 2d. SUGAR. Sugar is firm and unchanged. wocll. On the Bradford market Merinos and fine crossbred, are hardening. There is good demand for present and future deliveries, but sellers are reluctant to accept more orders. Sixty-fours, 42d; super sixties, 41id; common sixties, 40Jd; fifty-sixes, 35d; fifties, 33d; forty-sixes, 27id; forties, 25£ d.

PRODUCE MARKETS.

LONDON QUOTATIONS.

By Teleiraph— Association— (Received Juno 18. 6 p.m.)

London, June 17. Wheat is quiet and unchanged. Flour continues to decline. Oats are quiet. Beans are dull. ,Peas are inactive.

AUSTRALIAN QUOTATIONS. By Telegraph—Press Association— Melbourne, June 17. Wheat is nominal, 7s lid. Flour, £17. Oats, local 5s 4d, Japanese 4s 6d. Maize, 5s Id to 5s 3d. Bran, £10 ss. Pollard, £11 ss. -Potatoes, £7 Bs. Onions, £7 to £7 10s.

KAURI TIMBER COMPANY. HALF-YEARLY MEETING. By Telegraph—Press Association—Copyright. Melbourne, June 18. At the half-yearly meetine of the Kauri Timber Company the chairman stated that during tho six months there had been a reduced output owing to a falling off in the building: trade. There had been signs of an increase since the beginning of tho year, but he hoped that they would be able, with fcho present reduced output, to keep the greater part of the plant employed, and so keep the staff together till the" demand improved. The freight question had been a serious factor in the export business. The directors, after careful consideration, unhesitatingly recommended the usual interim dividend of 8 per cent, per annum. FRUIT AND PRODUCE. I The fruit and produce markets have been very dull during the week, due to general slackness experienced in the retail trade. There was a perceptible decline in the price of fruit yesterday— especially apples. Supplies to hand are in excess of requirements, and prices are low, and the cold weather is also interfering with trade. Local lemons have again declined in price. Hothouse grapes still hold at late values. Fiji bananas are due on Monday by the Atui. and if shipments are moderate, and the fruit full and prime, good prices are expected. The potato market at the present is very unstable, and Southern f.o.b, prices are much firmer than values ruling on y the Auckland market. Prospects of an advance or otherwise here are uncertain until a definite decision litis been arrived at by the Government as to whether exportation is to be prohibited or allowed to go on. Osiions are in large supply, but the quality is not good. j Farmers' butter is scarce, and selling well. Fresh eggs are firm at quotation.

FIELD PRODUCE. Potatoes: Prime Southern, £7 10s- Onions: Local, 5s fid to 6s per cwt. • , DAIRY PRODUCE. Butter: Farmers', in prints, Is sd; prime farmers', bulk, Is 3d. Eggs: Fresh. 2s; preserved. Is Id. FRUIT. Apples: Local, coloured, extra superior, desfert, case, 6s to 6s 6d; good, 5s to 5s 6d; medium, box, Is 6d: medium, dessert, case. 4s; cooking, best, 6s 6d to 6s; good, Is to •is 6d. Pears: Dessert, 7s 3d to 8s; cooking. 4s 6d to 5s Grapes: Hothouse, per lb, 13 Id to Is 7d for fresh; second quality, Bd. Treo tomatoes, 4s 6d per box. Oranges: Island, case. 7s. Mandarins: Sydney, case, best 12s 6d; good, 7s to 9s- Lemons: Local, prime, cafe, Gs; local, rough and coarse, case, 3s 6d to 4s; Messina, Bs. Cape gooseberries, per lb. 41d. Passion fruit, per case, 5s to 6s. Peanuts, per lb, 2Jd. Pines, crate. 10s.

WELLINGTON FRUIT AND PRODUCE MARKET. [by telegraph.—own correspondent.] WELLiNCibN, Friday. Messrs. Townsend and Poul, Ltd., report that present values of fruits and produce are as follows Capo gooseberries, choice, well filled boxes, 5s to 5s 6d per half case; grapes, hothouse, choice, Is 6d to 2s, good Is 3d to Is 4d per lb; pears, choice samples, firm Winter Nelis and Winter Coles 8s 6d to lis, Josephine 93 to lis, Linconnue 7s to Bs, Vicars 4s to ss, Easter Beurre 4s to 5s per bushel case; Apples, choice samples, Jonathans 6s to 7» 6(1, Dougherty 7s 6d to Bs, Delicious 6s to 7s, Stunners 6s 6d to 7s 6d, Golden Russets 7s to Bs. other Russets 5s to 6s 6d, Adam's Pearmins 5s to 6s, Rome Beauty 5s 6d to 6s 6d, Hoover 4s to 4s 6d, Rymer's 4s to 4s 9d, Munroe's 5s 6d to 6s, Cleopatra 5s to 6s, Lord Wolseley 5s 6d to 6s, Epp's Seedlings 4s to 4s 9d, London Pinpins 4s 6d to 5s 6d, Washingtons 5s to 6s ; tree tomatoes, choice, 5s to 6s half case; cauliflowers 6s to 10s 6d; marrows. 5s to 6»; pumpkins, 7s to 10s jier sack ; potatoes, choice, table varieties, os 6d to 7s 6d por cwt; eggs, fresh 2s, preserved Is 6d per doz; walnuts, 7d to 7id; hazel nuts, 5d to 6d per lb; piemelons, 7s to 7s 6d per sack.