FINANCIAL CABLES.

New Zealand Times, Volume XL, Issue 8986, 8 March 1915, Page 2

FINANCIAL CABLES.

BANK AND STOCK EXCHANGE -BEPOBTB By Telegraph—Press Association—Oopyrieht LONDON. March 4. BANK Or ENGLAND BETUBN. The Bank of England return issued for the week ended Wednesday, March 3rd, is as under:—

CONSOLS AND AUSTRALASIAN -STOCKS. Current quotations for Consols and Australasian Government stocks, compared with those of last week, aie:—

•interest jayabl* in May and November tlntercst lay able in Januaty and T ily. {lnterest payable in April and October. THE MONEY MARKET. This Last Last week. week. yeax. per cent, per cent, per cent. Bank rate 6 6 3 Short loans ... 1 1 2} Three months’ bills .... 13 17-16 17-16 WOOL SALES. The wool sales have closed. Wool sold for the Home market totalled 60.500 bales, for the Continent 5000, for the United States 16,000; held over, 11,500 bales. Good greasy combing merinos finished at 15 per cent., faultiea 10,

scoureds 15 to 20, crossbreds generally 10, slipes par to 5, and merino lambs 5 to 10 per cent, above February rates. For crossbreds’ and lambs’ fancy prices were realised. Messrs Murray, Roberts and Co., Ltd., have received the following cable from their London friends, Messrs Sanderson, Murray and Co., under Saturday’s date: —“VVool sales closed very firm; 15,000 bales held over, including 12,600 bales Fort Curtis and Marathon not available. Compared with last sales’ closing rates, market generally 10 per cent, to 15 per cent, higher. , Messrs. Levin, and Co., Ltd., have received a cable from their London agents saving that the wool sales have closed v.-ith prices from 5 to 74 per cent, dearer than at the beginning of the series. New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London house under date sth instant: — "Wool sales have closed. The market is strong as compared with February 6th. Greasy crossbred, medium, coarse, 10 per cent, higher." PRICES AT GISBORNE. Press Association. GISBORNE, March 6. The wool sale conducted yesterday afternoon was the best ever held in Gisborne. An ordinary catalogue was submitted, and eleven buyers were present, including representatives from Auckland, Napier, and Hastings firms. Competition was keen, and prices were Id to lid higher than at the previous sale, and stated to be 2d higher than last Napier sale. The top prices realised were: — Fleece 13d, lambs 13d. crutchings 9}d, looks 7}d, dead lOld. pieces 9d, slipe lL«d, skins 10)d, hides Did. COMMERCIAL CABLES By Telegraph—Press Association—Copyright PRICES OF METALS. LONDON, March 5. Copper—On spot, F 63 10s to F 63 15s; at three mouths, F 64 to F 64 ss. Electrolytic, F 69 to F 69 10sTin—On spot, FlB4 to FlB4 10s; at three months, F 163 to F 163 10s. Spelter—F44 to F 45. Bar silver is quoted at 23 3-16 d per oz standard. (Received March 7, 5.5 p.m.) LONDON March 6. BRITISH TRADE RETURNS. The Board of Trade returns show that during February imports increased by F 321.563, exports decreased by F 15.084.860, and re-exports decreased by F 3.419.271, as compared with the same month of last year. WHEAT MARKET WEAK. The wheat market is weak owing to heavy Argentine shipments and further weakness in America. Chicago May options are quoted at Idol 35} cents to Idol 40 cents per bushel, July options Idol 103 cents to Idol 13} cents. BUTTER. Danish butter is quoted at 138 s to 140 b □or cwt. NEW ZEALAND HEMP. The hemp market is steady. Now Zealand hemp for March-May shsipment, is quoted at F3l 10s per ton. JUTE. The jute market is quiet. Quotations for March-April shipment ar© F2l per ton; HIDES AND LEATHER. The market is dull. Queensland hides are quoted at B}d to 9 13-16 d per lb, and New South Wales at 9jd per lb. There is a steady demand for best Australian leather, which is quoted at 16d to 18id, per lb. Basils are in good demand at unchanged prices. RABBITSKINS. At the xabbitskin sales 1290 bundles were offered and 847 sold. There was little change in prices, except that better qualities declined a halfpenny. RUBBER. Fine hard Para rubber is 2s sid per lb; plantation, first latex, crepe, 2s 4id; smoked ribbed sheet. 2s sid. COPRA. Bagged South Sea copra is quoted at F 27 5s per ton for January-February shipment. ' FROZEN MEAT PRICES. The Incorporated Society of Meat Importers' weekly market quotations for the undermentioned classes of frozen meat are based on actual sales of not less than one hundred carcases of mutton or Jamb, or twenty-five quarters of beef of fair averige quality. The quotations are not for selected lines, but for parcels fairly representative of the bulk of the shipments uow on the market. The prices which follow are on the average a farthing per lb more than the values ex ship, this difference representing the average cost in expense, handling, conveyance, and .elling of the meat: — New Zealand Sheep (crossbred wethers and maiden ewes). Canterbury, 48-561 b, none offering. Ditto. 56-641 b, none offering. Ditto. 64-721 b, none offering. Southland, 56-651 b, none offering. North Island, 66-651 b, 5 13-16 d. Ditto, best brands, SG-641b, 5 15-18 - EWes, 48-641 b, sid. Australian Sheep (crossbred or merino wethers). .First quality, 40-60 lb, 5Jd. Second quality, 36-561 b, 5 7-16 d. Ewes 30-50 lb, 5 3-16 d. cjoufh American (crossbred or merino wethers). Light. 40-sGlb, none offering. Heavy, 56-721 b, 5Jd. Ewes, 48-641 b, nono offering. New Zealand Lambs. Canterbury, 28-361 b, none offering. Ditto, 36-421 b, none offering. Ditto. 42-50 lb, none offering. Ditto, second quality, light, nono offering. Southland, 28-421 h, none offering. North Island, select, 28-421 b, nono ingDitto, 28421 b, nono offering. Australian Lambs. Best brands, 28421 b, 7Jd. Fair quality, under 361 b, 6|d. Inferior quality- light weight, 28421 b, 6}d. South American lambs. Light, 28-361 b, 6&d. Heavy, 36421 b, 6’d. New Zealand Frozen Beet. Ox fores, 160-2201 b, 6Jd. Ox hinds, 160-2201 b, 6jd. Australian Frozen Beef, Ox fores, 160-2201 b, 6 3-16 d. Ox hinds. 160-2201 b, 6Jd. Argentine Frozen Beef. Ox fores, 160-2201 b. none .offering. Ox hinds, 160-2201 b, none offering. Uruguay Frozen Beef. Ox fores. 140-200 lb. none offering. Ox hinds, 160-220 U), none offering. Argentine Chilled Boef. Ox feres, 160-2201 b, 6d. Ox hinds, 160-3201 b, 6|d. Uruguay Chilled Beef. Ox fores, 140-200 lb, 5Jd. Ox Linds, 140-200 lb, 6id. FROZEN BABBITS. Market firm; full rates obtaining. METAL PRICES. - Silver.—Bar silver is quoted at 23Jd per ounce standard. live stock sales AUCTIONEERS’ REPORTS. Dalgety and Co-, Ltd. At Levin on Friday a good yarding of both sheep and cattle came forward. Among the sheep were a number of lines of aged and inferior ewes, and bidding for this class was dull. Young ewes were in good demand, as also were good lambs and wethers. There was a good inquiry for steers, but female cattle were hard to quit. The principal sales effected were as under:—2so good shorn iambs, 9s 5d to 9s 7d; 150 medium shorn lambs, 7s; 220 medium

shorn lambs. 8e 4d; medium woolly lambs, 5s Id; cull lambs, 5s to 5s 8d; 2 and 4-tooth ewes, 16s 6d to 16s 9d; 6-tooth owes, 17s 6d; 4 and 5-year-old ewes (low condition), 11s to 12s 6d; a mixed line of 200 2 and 4-tooth wethers made 18s 3d. Cattle—Fat cows, JC6 6s to J 26 10s; vealers. 28s; cows with 100 per cent, calves, .£6 10s; cull cows and calves. .£3 ss; 18-month steers, £A 4s to £A 10s; weaner steers. 28s 6d; weaner heifers, 31s; 3-year-old steers, -£6 ss. Loan and Mercantile Agency. At the Dannevirke sale on I'riday a good yarding of sheep came forward, and a medium one of cattle. With the exception of fats, which sold at late rates, cattle were hard to quit. Bidding for sheep also was very dragging. We, however, with the exception of one pen, cleared the whole of our entry. We quote:—2-tooth ewes, 16s 7d and 13s; mixed aged ewes, 13s 6d, lls 2d, and 10s 10d; mixed aged ewes (low conditioned), 7s; 4 and 6-tooth ewes, 16s 2d; lambs (small), 6e 6d, 6s, and 4s 9d. FEILDING MARKET REPORT. A- H. Atkinson and Co.. Ltd., sold on Friday a small yarding of pigs at prices lower than last week- There was little competition for any lines offering. Fruit sold well; some 300 cases being disposed of. Potatoes were easier. Quotations: —'Weaner pigs, 4s, 6s, 8s; slips, 8s 6d to 10s; porkers, 80s to 365; stores, los to 16s 6d; aged horses, to X 3 10s. Poultry, per pair, hens 2s .9d to 3s, ducks 4s Sd to 5s 3d; table potatoes, 4s to 5s cwt, pig 3s bag; onions. 9s to 13s cwt; peaches, 3s to 5s case; tomatoes, 3s to 3s 9d; apples, 5s 6d; cucumbers, 1b to 2s 6d. WELLINGTON CUSTOMS. The Customs revenue collected at Wellington on Saturday totalled -£597 16s 3d-

IBSUB DEPAE.TM1NT. Vote Gov. debt ... £11,015,000 Issue £76,965,000 Other seouil7,434,000 Gold 58,616,000 £76,965,000 £76,965,000 BANKING BIFJlBTIUNT. Proprietors' Gov. securicapital £14,553,000 ties ..-.. £28,917,000 t'ublic de Other seonii posits . . 51,872,000 ties 118,174,000 Other deNotes ...... . 42,432,000 posits . . 118.842,000 Coin M77.0U, Rest, 7-day and other bills . 3,735,000 £189,000,000 £189,000,000 The leading items of the Bank of England ret irn afford the following oomparisons: — This Last Last week. week. year. £ £ £ Bullion 58,516,000 62,530,000 40,S55,O0C Reserve 43,909,000 48,099,000 31,739,000 ix ofco elro i'tion 34,533,000 34,223,000 28,498,001. Deposits 170,714,000 159,794,000 63,338, OO-O froportio n of reserve, to liabilities 26.71 3009 50,12

Stock. This week Week ago. 21% Imperial C*Is £ 68 B. 11 d. 3 £ 68 1. 11 d. 8 4 'VoNow Zealand* 08 10 0 1W lb 0 31% New Zealandf 87 2 6 87 2 « 3% New ZeaiEndt 77 10 0 77 10 0 1% New S. Wales SO a 6 99 5 0 3l% New S. Wales 81% .. 19S.)-o0 #7 10 0 97 10 0 New S. Wales 60 12 6 81 7 fi 4% Victoria 90 u 0 99 2 6 31% Victoria 84 b 0 94 0 (J 81% 1029-10 3% Victoria 79 1 0 79 0 0 31% 8to. Australia 89 0 0 to 0 (1 3 % Sth Australia 73 u u 78 u 0 4% Queensland 99 0 u 09 0 0 31% Queensland 94 10 9 94 10 0 3% Queensland 76 0 (J v« 0 0 31% W. Australia 89 7 ti HU b 0 3% W. AustraUa 83 XU I 83 lb 0 31% Tasmania 80 5 (1 89 0 0 8% Tasmania 79 ib 0 79 lb 0