COMMERCIAL.

New Zealand Herald, Volume LII, Issue 16032, 25 September 1915, Page 5

COMMERCIAL.

LONDON MARKETS. MONEY AND PRODUCE RATES. By Tatanaßh-Pw.. Association-Copyright London, September 23. l2Mf a i° P , ENGLA ND RETURNS. woel Z a i Engiand returns ** the week ended September 22 compare with the returns of last week as under:Sept. 22. • Sept. 15. C. & £ Reserve '" - 62-539,000 63.800,000 Note issue "' "- *?'' 2 8.000 60.672,000 Govt, deposits - iS-Ssl' 000 31,515,000 Other deposits "' 10 5. 73 8.000 121,575.000 Govt, securities - ff'SM? 90.168.000 Other securit.n! '" 81,313.000 34,418,000 ProPortlon^rese^e ' 000 ""SOOO to liabilities ... 25.00 23.93 MONEY MARKET. A^^S tedftt4,parwniper cent. ISCOUnt rate for billa is * H-16 METALS. £69 K% buyers £69 12s 6d. sellers fers So 15a. rWard ' buyers £7 ° 10s ' sd10s^ n ''fn^JL Ot A b u yerS £15 $- sell «« £150 £151 ss' buyers £150 15s - Pig iron, 64 Id Lead, £22 17s 6d to £24.

SUGAR. qu&r32sld AmeriCan S™* being

BUTTER. Butter is very firm, and Danish is adW^L m Price aU * e time, owin K to large German purchases. It 3 expected that the shortage of the choiceßt kinds C ° lonial Btocks

CHEESE. chaJleT " St * ady ' aDd Wlc8 » "* ™-

WHEAT. . Wheat is firm. Flour is firm, but the market .s inactive.

OATS. J*? "a L rm ' U Plata « shipping and to be shipped, being quoted at 24s 4*l

BEANS AND PEAS, infe md PeaS "* firm and changed VALUES OF WOOL. LONDON SALES. By Telegraph—Press Association—Copyright. London, September 23. At tho -wocl sales the demand for Merinos was irregular, with prices in buyers favour. There was strong allround competition for well-selected crossbreds. The New Zealand clips sold included Gore, top price, 18d and average price, > 16£ d; Erewhon, 19id and 19d: Oraamatua, 21Ad and 21d. The Bradford tops market is fairly cheerful in tone. Merinos and fine crossbreds are firm. Forty-sixes are quoted at . 25£ d, and forties at 23id. The New Zealand Loan and Mercantile Agency Co. Ltd., have received the following cablegram from their London office, under date 21st inst. :—" Wool Sales: There is no change in the market. For crossbred, scoured, and slipe, the market is weak. Next sales open on October 26, and the following series on December 7." CHRISTCHURCH PRODUCE MARKET. [BY TELEGRAPH.PRESS ASSOCIATION.] CHBiSTCHTrRCH, Friday. The wheat market is still depressed, and the opinion is gaining ground that the j Government should allow the export of a i portion of the estimated surplus. There I is no fear of a scarcity of wheat next year, | fas even if the crop fails through continuance of the present dry weather in Canterbury and North Otago, there will be a large surplus in Australia to draw upon at what in these times may be considered a moderate price. Already growers are anticipating much lower prices. It is stated that several offers of next season's "wheat have been made at 4s 6d and 5s at country stations. There is no movement in other lines of grain or produce. The continued dry weather is hampering the seed trade. There are few potatoes offering, and the price is still £5 at country stations. i

FRUIT AND PRODUCE MARKET. Business in the fruit and produce markets has shown a slight improvement during the week, and generally speaking increased prices for prime fruit have been obtained. The first shipment of Canadian apples came to hand, ex Makura, on Monday, consisting of about 3000 cases, and although most of the varieties were very deficient in colour, prices have not been disappointing, considering that local supplies are still available. Best coloured desserts sold well.

The next shipment due on October 17 is expected to be more matured and of better flavour. A good demand will exist. Local apples are getting less. Lemons are selling well. Sydney fruit is expected on Monday. The Flora brought the usual quantity of Rarotongan oranges and bananas. Potatoes : The market has been almost bare, and supplies from the South will meet a ready sale at improved prices. Best American onions are selling well. Locals are in bad order, and have to be disposed of at best prices offering. Vegetables (green) are selling well. New potatoes are in good demand.

I Farmers' butter has declined. Fresh eggs are selling at quotation. FIELD PRODUCE. Potatoes: Prime Southern, £8 10s per ton; | good. 7s per cwt; medium, 3s to 4s per cwt. Onions: 'Frisco, 15s per crate; best I local, 13s to 14s per cwt. Pumpkins, 6s per I cwt. Asparagus, Is 2d to Is 6d per bundle. Cauliflowers; Best, 3s to 3s 9d per dozen;" ! good. 2s 6d to 2s 9d per dozen. Cabbages. Is 6d to 2s 6d per dozen. FRUIT. Apples: Best coloured Canadian, 13s; good, 12s 6d; green, 12s; local best coloured, 10s to 12s, according to sample; cooking, 8s i to 9s. Pears: Canadians, best large, 15s; I small, 8s to 12s, per sample. Tomatoes: Hothouse, per lb, 7d. Oranges: Local, poorman., good, case, 6s to 6s 6d; boat, 7s; Island, case, 15s; Sydney case, 13s. Mandarins: Sydney, best, case, 17s: good, 13s. Lemons: Local, prime, case, 8s to 9s; good, 6s to 6s 6d; local, rough and coarse, case, 48 6d to ss. Passion fruit, per case, 10s to lis. Walnuts, per lb. 7id. Peanuts, per lb, 2id. Pines, crate, 12s. Cocoanuts, sack, Us 6d. POULTRY. Hens, each: Best, 4s to 5s 10d: o triers, 8s 3d to 3s 9d. Table roosters, each: Best, 5s to 6s 2d; others, 3s to 4s lid. Ducks, each. 2s 6d to 4s. Geese, each, 3s to 3s 6d. I Chicks, each, fid to Is. Ducklings, each, 9d to Is 4d. Turkey gobblers, each, 8s to 14s. Turkey hens, each. 5s to 6s 6d. Young pigs, each, 108 to 19 MARKET REPORT. Mr. J. Jones, auctioneer, Victoria and Lome Streets, reports the following sales : — The market this' week has boon steady. Southern potatoes were much firmer. Fruit at yesterday's auction showed a marked advance, and for all grades good prices were realised. Butter is lower. The poultry market firmed again considerably on last week's rates, and for prime, choice killable birds extreme rates were realised. The highest price ever obtained for table birds was realised at yesterday's auction — five pens of extra choice heavy hens for the table realised 6s to 6s 9d, which was a record. These prices we do not consider will hold for long. Other choice hens realised 4s 3d to 4s Bd. We report: — Poultry.Hens: Extra choice, 5s to 6s 8d; choice. 4s 8d to 4s 8d; good heavy hens, 8s 8d to 4s 3d; good, 3s to 3s 6d. Ducks: Heavjr Pekins, 3s 6d to 4s sd; others, 2s 6d to 3s. Boosters: Prime up to 5s lOd; good, 3s 9d to 4s 6d; small. 2s 9d to 8s 3d. Turkey gobblers, 9s to 14s; turkey hens, 4s 8d to 7s 6d. Geese, 6s; chickens, 6d to Is 3d: ducklings. Is to Is sd. Farm Produce.—Table potatoes, £8 to £8 10s; Southern seed potatoes, 6s 6d to Bs. Pumpkins. 6s to Bs. Onions, 12s to 16s 6d. Dairy Produce.— lOid to lid. Eggs, Is 2d to Is 3d. Cheese, 9cl. Hams. 9d to 9id i sides, 9d to 9id. Honey, 8d to 81d. —Apples: Choice, lis 6d to 14s food. 8s to 10s; others, 6s 6d to 7s 6d. lemons, 5s 6d to 9s 3d. P. M. oranges, 6s to 8s 3d. Grain. — 4s 7d to 6s. Wheat, 6s 6d to 7s. Oats, 4s Bd. Bran, 6s 9d. Sharps, 7s 6d. Southern chaff, £8 10a to £9 10s. Barley, 6s.