COMMERCIAL.

New Zealand Herald, Volume LIV, Issue 16561, 9 June 1917, Page 5

COMMERCIAL.

LONDON MARKETS.

MONEY AND PRODUCE RATES. Australian and N.Z. Cablo Association. (Received 10.35 p.m.) LONDON, June 7. BANK OP ENGLAND RETURNS The Bank of England returns for the week ended May 31 compare -with, the re turns of last week as under:— Juno 7. May 31. Coin £52,681,000 £63,698,000 Reservo .. ~ 35,572,000 34,535,000 Note issue . . . . 38.696,000 39.015.000 Government deposits 47,999,000 67,439.000 Other deposits .. 120,798.000 119,481,000 Government securities 45,247,000 45,080,000 Other securities .. 106,749,000 115,055.000 Proportion of reserve to liabilities .. 20.0 19.52 INTEREST AND DISCOUNT. Short loans are quoted at 4J per cent., the same as last weok. The rate of discount for three months' bills is 4\ per cent., compared with 4 13-16 per cent, iast week. CONSOLS AND COLONIAL STOCKS. The following arc the London. Stock Exchange latest quotations tor colonial inscribed stock, and a comparison with those reported a week ago. YariaI'rico. tion. £ 9. d. s. d. Consols. '11 per cent. ... 65 0 0 10 0* British 3i p.c. war loan, 1925-28 86 17 6 2 6* British 41 p.c. war loan, 1925-45 94 10 0 10 Or British 5 p.c. war loan, 1929-47 94 Hi u Same. N.Z. 4 p.c, 1929 85 l."i ii 5 01 N.Z. 3) p.c, 1940 73 U U 22 6" N.Z. 3 p.c, 1915 63 5 0 5 0* South Au3t. 31 p.c, 1030 ... 71 0 0 22 6' South Aust. 3 p.c, optional 56 15 0 30 0* Tasmaniau 31 p.c, 1920-40 72 0 0 22 6* Tasmanian 3 p.c, 1920-40 63 0 0 20 0* Queensland 4 p.c, 1924... 90 0 0 22 6* Queensland 3i p.c, 1921-30 86 5 0 27 6* Queensland 3 pc. 1922-47 62 0 0 30 0* W.A.. 3* p.c, 1920-35 ... 74 10 0 Same W.A., 3 p.c, 1915-35 ... 69 10 0 Same. N.S.W., 4 p.c, 1933 ... 82 0 0 25 0* N.S.W., 3} p.c, 1918 ... 98 7 6 Same. N.3.W. 3i p.c, 1930-50 ... 69 0 0 27 6* N.S.W., 3 p.c, 1935 ... 70 7 6 i 0) Victorian 4 p.c, 1920 ... 94 0 0 80 0* Victorian 3* p.c., 1929-tH 70 5 0 5 0* Victorian 3i p.c., 1921-26 83 7 6 87 6* Victorian 3 p.c, 1929-49 62 12 6 35 0' * Lower. t Higher.

METALS. Copper, £130 ss; throe months. £129 10s. Electrolytic, £140. Lead. £30 10s; three months. £29 10s. Spelter, £64; three months. £50. Tin. £238 15a; three months. £236 2s 6d. Silver, 381 d. CEREALS. Flour market firm. Australian patents. 788. Oats: Very scarce. New Zealar.d Gartens, nominally. 67s to 695. Peas and beans are tending easier. DAIRY PRODUCE. The butter market is dull, and prices aro easier in anticipation of a further reduction in the maximum rates fixed to-morrow. Current quotations are. Danish, about 208s to 2023; Australian, 174s to 186 a; New Zealand, 180s to 190s. Cheese quotations are nominal. It is reported that Canada has refused Britain's offer to take her output at 10|d per lb f.0.b., on the ground that the price is too low in view of the present cost of manufacture. . SHEEPSKINS SALES.

A total of 1139 bundles was offered at the sheepskins sales. Prices generally were 2d above April rates, best lots advancing slightly more and ehort pelts less.

FRUIT AND PRODUCE. Business in the fruit and produce markets during the week has been fairly good. A much smaller volume of apples, both dessert and cooking, has come to hand, and especially prime-conditioned fruit is selling at. top pric 3, with a good demand. There is a. scarcity of cooking varieties. Pears are very scarce, and are selling at extreme rates; other local small fruit is short in supply, choice lemois are in demand. There has been a fair, quantity of Island oranges on. the market; the keeping Qualities are not good. Potatoes: The market is overstocked, with inferior and damaged shipments due to frost and blight. These shipments have to be sold promptly at any prices offering. Prima samples are fairly firm at Quotation. The onion market is firm, with short supplies and nigh prices ara being asked for the small stocks held ex store. Fresh eggs are still in demand at quotation. Farmers' butter remains the same v> last week. Poultry was in excellent demand: high prices were obtained for birds in pood condition. Pure-bred birds realised a high as 12s each. FIELD PRODUCE.

Potatoes, prime Southern. £6 10s to £1, medium from 3s to 4s per cwt; onions, UU* ported, £14 10s-

DAIRY PRODUCT;.

Butter, farmers') in prints, Is 3d; eggs, fresh, 2b Bd. m FRUIT.

Apples, local, coloured, ei:tra superior, dessert, up to 13s case, good 8.3 6d to 9s 6d, cooking 7b 6d to Bs, medium 5s 6d to 6s. Pears, dessert up to 13s and 14s, half-bores 6s 6d to 7s 6d; cookinr, best 10s, good 7s 6d to 8s 6d; grapes, hothouse, 2s 4d lb; tomatoes, beet, 7s to . 10s box; oranges, repacked 9s. others 7s; mandarins, Sydney, best 14s, good 7s 6d to 8s 6d; lemons, locs.L prime, 8s 6d case, rough and coarse 4s; passion fruit, Its' Case; walnuts, lOd lb; pear.uts, 3Jd.

POULTRY, ETC. Hens, 2a 6d to 4b each, poor 2s to 2s 3d, pure-bred pallets 4s to 7s 2d; table roosters, 2a 6d to 8s 6d, extra good 4s to 4s lOd; ducks, 3s to 6s 2d each; turkey gobblers 8s to 16s; turkey hens, 4s to 6s, Young pigs, 8s to 12s 6d. PROPERTY SALES. Messrs. Samuel Vaile and Sons, '.Ltd., held an auction sale at their rooms yesterday, when a bungalow at Remuera together with, three sections, offered by order of the first mortgagee, was sold for £900. Thnio houses, sold for removal en behalf of the City Council, were also disposed of—No. 62, Jennyn Street, for £165; house, Beach Road, for £11, and No. 50, Wynyard Street, £24. AUSTRALIAN PRODUCE MARKETS. A. and N.Z. Cable. MELBOURNE, Juno 8. Barley. English, 4a 8d to 4b 6d. Cape 8a 2d to 3a 3d. Oats, milling, Algerians, 2s 4d to 2s 6d, feed 2s to 2s Id. Potatoes. £2 15s to £3 IBs. Onions, £4 15s to £5.

SULPHIDE CORPORATION. The Sulphide Corporation's head office advises that the transfer booka of the company will be closed from June 18 to 29 inclusive.