COMMERCIAL.

New Zealand Herald, Volume LIII, Issue 16234, 20 May 1916, Page 5

COMMERCIAL.

LONDON MARKETS.

MONEY AND PRODUCE RATES.

By Telegraph— Proas Association—Copyright. (Received May 19, 11.15 p.m.) 'London, May 18. BANK OF ENGLAND (RETURNS. The Bank of England returns for the week ended May 18 compare with the returns of last week as under: — May 18. May 11. r. . £ £ 0 " 1 58,808,000 58,181,000 Keserve 43,873.000 43,387,000 «oto issue . . . . 34,671.000 34,426,000 X? vernment . deposits 60,645,000 54,834,000 Wner deposits . . 78,583,000 83,442,000 tjovernment securities 33.187,000 33,187,000 uiner securities . . 79,879,000 79,410,000 ■Proportion of reserve to liabilities . . 31.50 31.37 CONSOLS AND COLONIAL STOCKS. fi Th® following are the latest London Stock Exchange quotations for consols and colonial inscribed stock, and a comparison with those reported a week ago :— VariaPrice. tion. Br i i Mc h -,o 3i -°' war loan. £S d * 8 ' d ' 1925-28 , ... 87 17 6 sOt B ?tish 4} p.c. war loan. 1925-45 84 17 6 same »7* per cent. ... 57 5 0 26t we-nr * -°- 1933 ... 84 12 6 5 0+ N«w "$ pc - 1918 -* 6 5 0 same 5W 3* pc - 1930-50 ... 71 15 0 22 6t NSW. 3p. 0.. 1935 ... 70 15 0 15 0+ Victorian 4 p.c, 1930 ... 95 5 0 5 Ot Victorian Bi p.c. 1921-26 84 7 6 same Victorian 3i p.c.. 1925-49 71 5 0 10 Ot Victorian 3 p. 0.. 1929-49 63 10 0 same yueensland 4 p.c, 1924 ... 91 5 0 10 Ot Queensland 3i p.c, 1921-30 87 0 0 5 0* 1 Queensland 8 p.c, 1921-30 63 15 0 5 Ot N.Z. 4 p.c. 1920 85 15 0 2 6t N.Z. 8i p.c. 1940 73 7 6 5 Ot N.Z 3 p. 0., 1945 64 10 0 5 0+ South Ana. 3J p.c, 1950 ... 73 5 0 15 Ot South Aub. 3 p.c, optional 59 7 6 same Tas. 34 p.c, 1920-40 ... 72 10 0 same T»8. 3 p.c. 1920-40 ... 63 10 0 same W.A. 31 p.c, 1920-35 ... 75 0 0. 10 Ot W.A. 3 p.c. 1915-35 ... 69 10 0 10 Ot 8 Lower. t Higher. INTEREST AND DISCOUNT. Short-dated loans are quoted at 4 per cent., the same rate as last week. The rate of discount for three months' bills is 4 9-16 per cent. WHEAT AND FLOUR. Wheat is quiet and unaltered. Hour is dull and unchanged. DAIRY PRODUCE. Butter S. Very firm ' Danish is quoted «L I- 11 Th shipment by the Oronto has practically been cleared. Choicest is quoted at 160s to 162s ; exceptionally good, I 1645; secondary, 156s to 158s; New Zea-I land butter by the Tongariro is quoted at 166ai to 170s. The demand is strong owing *9 Possibility of the export being proCheese is in small supply owing to Government requirements. New Zealand » quoted at 114s to 115s. i ■ j OATS, PEAS. AND BEANS. Oats are firm. La Plata is not offering, feas and beans are steady. There is more inquiry. ' 1S WOOL. ■ Bradford wool is more active. Quotations for tops : 64's. 47* d : 60's, 47d; com- «%,&; !$&•-*"•- 50 ' s ' g FRUIT AND PRODUCE MARKET. Business in the fruit and produce markets during the week has only been fair Lighter shipments of local 'fruit have come to hand, but prices have not mateI nally altered, with the exception of very choice hues of dessert. y BO °a^2Jlf ea Show . a advance, x« f hi pears - * Lemons are m °« plentiful, wth very few choice grades forward. Tomatoes- are about finished, Fiji bananas are due to arrive on Moncimteday *' * nd a good demand » «**- Potatoes: The Southern market has advanced, and prices locally are firm tor prime samples free from blight. Onions: Samples from the South are not too good; the market is bare of prime quality. Fresh eggs and farmers' butter is in good demand, with light supplies. Poultry t Fairly heavy supplies came 11 1d 1 ?? d , met a g°°d demand, especially best birds. FIELD PRODUCE. Potatoes: L ? C prime. *8; £8. on £i_Local. best, 6s J** cwt; Southern, £5. Jganpfans. plentiful, 2s to 2a 6d per cwt Kumaras. 8s per owt. DAIRY PRODUCE. *52&* B!™*"'- fa printßls 8d - EgSS: FRUIT. Apples: Local, coloured, extra superior, dessert, 7* to 8s per case : good, 5s 6d to 6scoolang. best, 6s; good, 5s to 6s 6d. Pears: Dessert best, 8s; good, 7s to 7s 6d; medium w ♦!? 6s; x> ? ktn ?' 4s , to 4s 6d. Grapes: ilotnouse, best coloured, ls 8d per lb; good. is. Tomatoes: Hothouse, 5s to 6s per box lemons: Local, prime, 7s 6d to 8s 6d per case; local rough and coarse, 3s to 3s 6d per case. Passion fruit, 8s to 10s per box. Walnuts, Sd per lb. Peanuts, 2id per lb. POULTRY. Hens: Extra good condition, 3s 6d to 4s 2d each; good ordinary, 2s 6d to 3s : others, Is 8d to 2s; special purebred up to 6s. Table roosters: Good, 4s to 5s 4d each Pucks, 2s lOd to 5s Id each: others, Is lOd to 3s 6d- Turkey gobblers, 7s to 10s each. Turkey hens. 4s to 6s 4d each. There is Keen demand for all birds in good condition.. AUSTRALIAN MARKETS. By Telegraph—Press Association— Sydney, May 19. Oats: Algerian, 2s 6d to 2s 8d; Tasmanian, white, 3s 3d. Barley Feeding, 3s 6d to 3s 6d. Maize, ss. Potatoes: Tasmanians, £8 to £9 10s; New Zealand, Redskins, £8. Onions, £4 10s. Melbourne, May 19. Bran, £5 ss. Pollard, £6 ss. Barley: English, 4s 4d to 4s 9d; Cape, 2s lOd to 3s 2d. Oats: Milling, Algerians, 2s 4i to 2s 4£d ; feed, 2s Id to 2s 2±d. Potatoes, £5 15s to £6. Onions, £3 to £3 ss. Hides are in moderate supply and prices are firm. CHRISTCHURCH PRODUCE MARKET. [BY TELEGRAPH. —FSEBS ASSOCIATION.] OfntisTCHT/RCH, Friday. There is no change in the wheat market. Some business is being done with the North Island, and several fines have been purchased to fill orders for this market. There is a limited local demand. Pearl is very scarce and is firmer. Practically nothing is doing in oats. Few potatoes are offering locally, and most business is being done in country districts at £4 to £4 6s, according to railage. It is stated i that the quantity of potatoes in store is only about one-tenth that at this! time host year. Some business is still being done with Sydney. HAMILTON STOCK SALE. GOOD AVERAGE PRICES. The Farmers' Auctioneering Company, Hamilton, report having held their annual sale of sheen and cattle yesterday. A total of 1500 sheep and 1547 cattle, mostly grown bullocks, were yarded. The quality as a whole was excellent. There was a laree attendance of buyers, Feilding, Taihape, Te Puke, Whakatane, King Country, Auckland, and surrounding districts being represented. Bidding was keen throughout, and every line changed hands under the hammer. The best averages made were:—On account of T. Wilson. 152 bullocks, from £13 10s: Eyre Bros., 79 bullocks, £12 8s: Seavill, 35 bullocks. £12; C. Dawson, 86 bullocks. £11 10a; R. Clenhane. 85 three-year steers, £11; Alex. Hill, 93 three-year steers, £11 15s. The following were the ruling prices: —Sheep: Fat ewes, 84s sd: fat wethers, 345; forward four and six-tooth wethers. 27« id to 29s lOd; cull wethers, 18s to 20s 3d; lambs, 15s to 15s 4d: cull lambs, 9s to lis 10d; ewes in lamb, 19s to 20s. Cattle Three and a-half year fat and forward bullocks, £13 to £14 17s; three-year ditto, £11 10s to £13; two and a-half to three year ditto. £9 to £11 ss; two and a-hal£ year ditto, £7 13s to £8 17s 6d; 18-month steers, good £6 5s to £8, ordinary £5 to £5 10s; fat cows and heifers, £10 to £12 ss; fat and forward, £7 5s to £8 16*; fresh-conditioned cows. £6 17s 6d to £8; store cows, £5 to £6 10s: dairy cows, £8 15s to £12 10s; bulls. £8 17s 6d; calves. £1 16a to £3 17b.

KAURI TIMBER COMPANY.

PROPOSED DIVIDEND. Advice has been received from the head office in Melbourne by the Auckland branch of the Kauri Timber Company that, subject to audit, the directors intend to propose the payment of an interim dividend for the half-year at the rate of 8 per cent, per annum. DIVIDEND DECLARED. CBT TELEGRAPH. —PRESS ASSOCIATION.! Dttnedin, Friday. The Union Steam Ship Company declared an interim dividend for the halfyear on preference shares of 2| per cent., and on ordinary shares of 3 per cent.