FINANCIAL CABLES

New Zealand Times, Volume XXXVIII, Issue 8681, 14 March 1914, Page 9

FINANCIAL CABLES

BANK AND STOCK EXCHANGE REPORTS. By ’Telegraph—Press Association—Copyright (Received Marsh 13, 8.15 p.m.) BONBON, March 13. BANK OP ENGLAND EETUKN, The Bank of England return issued for ho week ended Wednesday, March 11th, is as under: — ISSUE DEPARTMENT.

CONSOLS AND AUSTRALASIAN STOCKSCurrent Quotations for Console and Australasian Government stocks, compared with those ot last week, and the corresBonding period o£ last year are:—

'lnterest jayabla in May and November, tlnterest payable in January and T -dy. jlnterest payable in April and October. THE MONEY MARKET. The Bank of England discount rate, which was fixed at 5 per cent, on October 2nd. was lowered on January Bth to 4i, on January 22nd to 4, and on January 29th to 3 per cent. A year ago the rate was 5 per cent. The Bank of i ranee rate of discount was on February 4tb lowered from 4 per cent, to 3|; the rate of the Imperial Bank of Germany ib 4 (reduced from 41 on February 4th). The open market rate of discount in London for best three month bills If 5s lower at 2 5-16 per cent.; a year ago it was 4. 15-16. Short loans are unchanged a* 2i per cent.; twelve months ago the quotation was 4j. In Paris the open market discount rate is 5s higher at 2J per cent. (3| a year ago); and in Berlin it is 3s Gd higher at 3i per cent. (6 a year ago.) COMMERCIAL CABLES By Telegraph—Press Association—Copyrlsh’ (Received March 13. 8.15 pm.) LONDON, March 13. GRAIN AND FLO D R. Wheat. —The market is dull, and tending in buyers’ favour. There is

no bidding. The United States’ winter crop promises to bo large. Anstralian, on the spot, is quoted nominally at 395. There is no New Zealand offering. Flour.—The market is steady, with good business doing. Australian patents, shipment till April, 25s fid. On the spot, quiet at 20s fid. Oats. —The market is dull. New Zealand, on the spot, is practically exhausted. Beans.—The market is neglected. Good New Zoalands, 35s fid, ex store. Peas.—The market is qniet. New crop Maples, Mareh-April shipment, 45a c.i.f. BUTTER. The market is lifeless, and buyers are apathetic. Danish, 122 s to 1245; Australian, choicest salted 110 s to ’ll2s, unsalted 112 sto 116 - Secondaries are neglected owing to Siberian competition. The price is 104 sto 108 s. New Zealand, salted Ills to 113 s, unsaltcd 114 s to HGs. CHEESE. The market is flat. White, 62s to 635; coloured, 64s to 655. BRADFORD WOOL. Business is slow. Merinos are firm, and medium crossbreds slightly easier. Sixty-four’s, SOd per lb; super, 29id; common 60’s, 28Jd; 56's, 24|d; 50’s, 21d; 46’s, 17 id; 40’s, IGtd. SUGAR. German beet sugra, 88 per cent, net fitre. is quoted at 9s Id per cwt, first marks granulated Us Id per cwt, f.o.b. Hamburg. PRICES OF METALS. Silver —Bar silver is quated at 26 11-16 d per ounce standard. Copper.—On the spot, ,£63 7s fid per ton; at three months, £63 17s fid; electrolytic, £65 17s fid. Tin.—On the spot, £172 10b per ton; at three months, £174 7s fid. Spel ter.—O.B., £2l 10s per ton. Pig-Iron.—Middlcsbro’ No. 3. 50s fid. LONDON WOOL SALES. By Telegraph—Press Association—Copyright LONDON. March 12. At the wool sales there was. strong demand for merinos. The market for fine crossbreds was very firm, but medium crossbreds wer© somewhat irregular. Murray, Roberts and Oo„ Ltd., have received tbo following cablegram, dated 12th inst., from London’: —“Crossbred greasv medium: Mjarket has declined 5 per cent.’’ (Received March 13, 8.15 p.m.) .LONDON, March 13. At the wool sales the following prices were realised for the fleece ■ portions of the clips named: —To Apiti, top pmce 13)d, average 12Jd; Mako, 12id, ll|d; Tokomaru, 13(d. 12id. NEW ZEALAND BUTTER. VANCOUVER, March 13. . New Zealand butter is quoted at forty cents per lb. SOUTHERN GRAIN AND PRODUCE. Press Association. CHRISTCHURCH, March 13. The wheat market has been fairly quiet- during the week, and few purchases have been made direct _ from growers. Tuscan is easier than it was lost week, but hunters and pearl have maintained their values better. Up to 3s 8d has been givey for pearl at handy stations, but the best price now offered for Tuscan is 8s fid, while last week at least a halfpenny more could have been obtained. Growers ax© still holding firmly on to oats, and as buyers cannot male© any advance in the absence of a market, business in this cereal is practically at a standstill. There is likewise little doing in barley or oateheaf chaff. The potato market shows no change, and £2 10a for forward delivery is all that most of the buyers will offer. At this price a few sales are being made, but growers generally will not sell at present, as the crops that have been dug have not turned out too well. Onions axe again easier, £3 15s to £4 now being paid at oonntr ystatlons. LIVE STOCK SALES. AUCTIONEERS’ REPORTS. New Zealand Loan and Mercantile Agency Co., Ltd. At Palmerston North on Thursday Are had a good entry of cattle and sheep, and have to report a good clearance at late rates. Sheep—Cull 2-tooths 11s- 6d to 13s 3d, aged ewes 11s to 12s 6d, s.m. ewes 14s 2d mixed 2-tooths 15s Bd. Cattle —Small wearers 15a fid, weaner heifers 275. weaner steers 30s to 355. mixed weaners 265, Jersey weaner heifers £2 ep, aged cows £2 18s, cows in salt £4 4s to £5 l’ss, fat cows £5 IBs to £6. springing’ heifers *65 to £5 7s 6d, Z-j&djt steere £4 14s, 21-year steers £5 8s 6d, bulk £4 15s. Abraham and Williams, Ltd. - At Palmerston North on Thursday we had a fair yarding of both sheep and cattle and nearly the whole yarding was sold under the hammer. Wei quote;— Sheep—4 and 5-year ewes 14s 9d to 15s Id 3-tooth wethers 13a sd, mixed lambs 11s 5d to 11a 7d, fat ewes 15s Bd, mixed fats 18s fid. Romney rams 1 to liens. On account of Hugh Akers, Esq.—s Cheviot rams Signs and two at Sgns. Cattle—Empty cows £3 to £4 Is, fat and forward cows £4 to £5, weanera 18s to 80s, heifers in calf £3 Us, springing cows £5 15s to £6, bnlla £5 to £6. On account of J. A. Usq—Holstein weanera £3 4s, Holstein 18-month heifers £5. Holstein 2i-ycar heifers m calf £6 10s. • WELLINGTON CUSTOMS.

The Customs revenue received at 'Wellington. yesterday totalled X4565i 4s Bd.

Notes Gov. debt Issued ... £28,238,000 Other secN' o t © a in uritiee reserve 30,382,000 Gold ...... £11,015,000 7,434.910 40,171,000 JESS, 623.000 £5a620,000 Banking department. Proprietors' Got. seourcapital ... £14,553,000 itios Public do* Other se* posits ... 24,943,COO curities Other de- Notes XK)sits ... <.S, 922,COO Coin Ivcdt. 7-day and other hlUs 3,706.000 £11,153,000 40.116.000 30.382.000 1.473.000 ■£63,124,003 £83,124,000 The loading* items of the Bank land return afford the following sionff: This Last week. -week, £ £ of compan* Last year. , £ Bullion ‘O.171CC0 40355,000 Jiosorve S1.855.OCO 31.739.00: , * , to fi ! rcala.t/u £0238,000 28.498,003 Deposits 64.365,000 63,318,00) Proportion ' of reserve to liar Tjillties 49309 00.44 366,500,000 27.918.000 27.950.000 67,300,0® 41.47

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