COMMErCIAL.

New Zealand Herald, Volume LIII, Issue 16205, 15 April 1916, Page 5

COMMErCIAL.

LONDON MARKETS.

MONEY AND PRODUCE RATES, By Telegraph-Press Association-Copyright. (Received April 14, 7 p.m.) London, April 13. BANK OP 'ENGLAND RETURNSThe Bank of England returns for the week ended April 13 compare with the returns of last week as undor:— April 13. April 6, £ oin ... ... ... .56,816,000 65,448,000 « r «> • 42,714,000 41,042,000 £ote issue- 33,658.000 33,875,000 Government deposits 68,803.000 69,915,000 Other deposits ... 79.961,000 87,749,000 Government, 33,188.000 38,189,000 Other securities ... 90,545,000 06,189,000 rroportion of reserve jto liabilities ... , 2870 • 26.03

INTEREST AND DISCOUNT. Short-dated . loans are quoted at 4 per cent,, as compared with 4A per cent. last week. ' The ,ate of discount for thrco months' bills is 4 9-16 per cent., as compared with 4j per cent, last week. CONSOLS AND COLONIAL STOCKS. t!ii o following a"' the latest London stock Eschango quotations for consols and colonial inscribed stock, and a comparison with those reported a week ago :- VariaPrice. tion. « ..., „. , £ s. d- . s- d. British 31 p.c. war loan, ,1925-28 ... 87 76' 501 witish 41 p.c. war loan. r 1925-45 96 17 6 ,5 01 Consols 2* per cent- ... 57 5 0 501 N.S.W. 4 p.c, 1933 ... 84 0 0 17 6t N.S.W. 31 p. 0.. 1918 ... 95 12 6 same N-S.W. 31 p. c . ( 1930 . 50 ... 70 0 0 26t ; S.W. 3 p,c, 1935 ... 70 10 0 5 0» } ictonart 4 p.c., 1920 < ... 94 7 6 50' Victorian 31 p.c., 1931-26 83 17 6 50* (Victorian 3} p.c, 1925-49 70 12 6 26t i.viotomn 3 , c . t 1929-49 63 5 0 10 Ot Queensland 4 p.c, 1924 ... 90 5 0 50» Queensland 31 p.c, 1921-30 86 15 O 26" I Queensland 3 p.c, 1921-30 63 5 0 same NZ. 4 p.c, 1920 85 7 6 same N.Z. 3* p.c, 1940 7212 6 601 N.Z. 3 p.c, 1915 63 7 6 7 61 South Aus. 3* p.c, 1950 ... 72 5 0 10 0° South Aus. 3 p.c. optional 68 2 6 26' Tas. 31 p.c. 1920-40 '... 72 10 0 60* Jas. 3 p.c. 1920-40 ... 63 10 0 samo W.A. 31 p.c, 1920-35 ... 74 2 6 761 W.A. 3 p.c, 1915-35 ... 68 0 0 25 0*

* Lower, t Higher. BUTTER AND CHEESE. The butter market is steady. Danish is quoted at 174s to 176s per cwt. Australian, choicest quality, is in small supply and nominally quoted at 158s to 160s. The bulk of the butter offering consists of secondary quality, which is in moderate demand at 150s to 1545. New Zealand butter, choicest, is quoted at 162s to 1645, and secondary at 156s to 158s. ' The cheen?. market is very firm. The bulk of the cheese arriving is being used to fill contracts. There' is a strong demand fpr the remainder, New Zealand Boiling at 105s to 106s per cwt and Canadian at 108s.

WHEAT, FLOUR AND OATS. The wheat market is firm in sympathy with America. A New South Wales cargo afloat in a sailing vessel is reported sold at 67s 6d per quarter. Flour is firm. Oats are very firm. Theie aro no La Plata offering. "

BEANS AND PEAS. - The market for beans is quiet, and fending to lower prices. The market for peas is quiet and firm. • METALS. Copper: Spot, £124 to £124 10s per ton; three months, £121 to £121 10s. ■ Tin: Spot, £199 5s to £199 10s per ton; three months, £198 to £188 ss. x v Lead Spot, £35 5s per ' ton; •' three months, £35 7s 6& Standard silver: 308 per ox. > SUGAR. The market is unchanged since last report. WOOL. There was good competition at the wool sales to-day. All .classes wore harder, especially Merinos. In the Bradford market there was considerable inquiry with a stronger tone for all sorts. Messrs. Dalgetv and Company, Limited, are in receipt of the following cablegram from their head office, London, under date 13th inst.:—"The wool sales continue very firm. Merinos are 5 .per cent, above March closing rates. Crossbreds are at par, except shabby medium x quality, which is occasionally id _ lower; lambs dearer. Sheepskins: Merinos, jd to Jd dearer; crossbreds, unchanged as compared with March 2." FRUIT AND PRODUCE MARKET. Business in .the fruit and produce markets lias been very good during, the week, and all lines forward of good quality have been well sold? Pears, dessert and cooking, aro weaker. Prime apples are selling well, especially choice green cookors. Lemons are in demand. ' The bulk pf consignments of bananas ex Flora from Rarotonga was landed in bad conditio.]. Oranges were (food. ;; v The market is short of potatoes, and good samples are in demand. '\ . Tfcjre is much better demand for onions, and the market is firm. Pumpkins aTe a drug, and selling low. Kuratras aro in good supply. Fresh eggs and farmers' butter is in demand at quotation.

FIELD* PRODUCE. Potatoes: Local, prime, £8; Southern, £8 10s. Onions: Imported, £5 10s. Kumaras, 5s peT cwt. Pumpkins, 2s 6d to 3s per cwt. Citron melons, 3s per cwt. DAIRY PRODUCE. Butter: Farmers', in prints, Is 2d. Eggs: Fresh, 2s Id. FRUIT. Apples: Local, coloured, extra superior, best dessert, 8s per case; good, 5s to 6s; cooking, best, 7sj good, 4s fid to ss. Pears: Best dessert, up to 8s; good, 4s 6d to ss; others, dessert, 4s 6d to sm. Grapes: Hot-house,-Is to Is 3d per lb. Tomatoes! Hothouse, best, 4s fid to 6s per box; good, 2s Cd to 3s; green tomatoes, la to la fid. Lemons: Local, prime, best, from 10s to 14s per case; local, rough and coarse, 5s per case. Cape gooseberries, 6d per lb. Quinces, 7s to 8s per case. Passion fruit, 5s to 6a per case. Watermelons, Is. Walnuts, 7Jd per lb. Peanuts, 21d per lb, POULTRY. - Hens: Good table, 2s to 3s 4d each; small »nd poor, Is 4d to Is lOd. Table roosters: Good, 4s to 68 7d each; fair, 8s to 3s 9d; email, Is 8d to 2s 6d. Ducks, 2? to 4s 2d each. Geese, 4a to, 6s each. Turkey gobblers, 8s to 13s each. Turkey hens, 4s to 6s each.

AUSTRALIAN PRODUCE MARKETS. By Telegraph-Press Association— Melbourne, April 14. Brsn is almost unobtainable at ISs premium on £5 ss. Barley: Chevalier, ,4s 6d to 4s 9d; Duckbill, 4s 2d to 4s 4d. Oats: Milling, Algerian, 2s Id to 2s 2d ; feeding, Is lid to 2s id. Potatoes. £4 10s to £4 15s. Onions, £3 10s to £3 15s.

HIDES, SKINS AND TALLOW. Messrs. G. W. Binney and Sons report for hides, skins, tallow, etc., as follow— Hides: Market advanced. Extra- stout ox 10id to' lpfd, stout 10|d to 10{d, medium JOd to 10ld, light 9}d to Bid cow, extra good Bid to Aid, good 8 d to 9d, seconds Bid to BH, scored and dirty 7|d to 84 cut 7j<l to 84 damaged 6d to 61d; tops, 8 d to 9d ; stags', Bid to 6id; yearlings, 8!d to 9d: calfskins, 9jd to lOd, good,9dfc> Old, W**M to Tjdj out and damaged calfskins, 6d to 6jd. Skins: Market firm. Butchers- picked •kins, full woollcd 13» 6d,to Hi. »«» large I2e to 15s 6d, large 10s 6dtoU» 6d. medium Is 6d to 10s, small 7s to 7s 6d, extra small 5s 6d to 8s: spring lambs, large 5s 6d to to, medium 4s 6d to ss, small 3s 3d to 4s i pelts, large 6s to 6s Bd, medium. 6* «? to 6s 9d. small 4s to ,4s 6d: country to skins, good 9ld to 9Jd, medium Sid to 9dr rat-eaten and weeviiy skins, (A, to t Md; O JT»**gP» »{£ reevily peUs and lambskins, 2d to 8d per lb. Ta off Market firm. Best. mixed, in •bipment casks. Me to 80s: mediuin. m ti in 28s W; good, In small casks, 26s 6d to 27s 8d: medium, 26s 6d to 2l«sv interior, 23s to 'Hi 6d per cwt In tins and drums, 23s 6d to 248.64 Rough fat. ltd per lb. Bones: Good. dry. £1i to £5 10s.per ton. Horsehair: Tall, good, Is Id to .Is 2d; mane, 8d to Od. ' . . „ . Wool: In bags and dumps.-Supcr crossbred 12* dto 13d, medium w»liwdHid to Is. heavy,crossbred. 10l,d .lid, dilgy Aid to 10d, bellies and puces 8d to 8 d, tocks Bid to 6{d, dead woof' Bid to 1014 Ssjfr wool bard to place; some lues no bid offered. ' '