COMMERCE & MINING

New Zealand Times, Volume XLII, Issue 9623, 31 March 1917, Page 2

COMMERCE & MINING

WELLINGTON STOCK- EXCHANGE. YESTERDAY’S QUOTATIONS.

Sale on ’Change: Wellington Deposit and Mortgage Association 7s. QUOTATIONS ELSEWHERE. . Press Association. AUCKLAND. March 30. Stock Exchange sale : Union Steamship (ord.), X2 4s 6d. Sale reported;— New Zealand Insurance, X 7 9s. DUNEDIN, March 30. Stock Exchange sales:—' Union Steamship, X2 5s 6d. * "Westport Coal, XI 7s 9d, XI 7s "idSale reported.;— Westport Coal, XI 7s 9d. LONDON~QUOTATIONS. By Telegraph—Press Association —Copyright Australian and N.Z. Cable Association. ’ LONDON, March 29. Quotations to-day on the Stock Exchange included the following mining stocks;—British Broken Hill, b 26s 9d, s 27s 9d; Broken Mill Proprietary, b 42s 9d, s 43s 9(1; Broken Hill North, b 48s, s 495; Broken Hill South, b 157 s 6d, s 162 s 6d; liampden-Cloncurry, b 80s 9d, s 31s 9d. FINANCIAL CABLES BANK AND STOCK EXCHANGE REPORTS. By Telegraph—Press Association—Copyright (Received March 30, 3.15 p m.) LONDON, March 29. BANK OP ENGLAND RETURN. The Bank of England return issued for the week ended Wednesday, March 28th, la as follows: ISSUE‘DEPARTMENT. Notes . Gov. debt 11,015,000 Issued 58,289,000 Other eeourNotes In Ities 7.434.000 reserve 32.192,000 Gold . 52.032,000 £70,481,000" £70,481.000 banking department. Proprietors’ Gov. seonrcapital 14,553,000 ities 24,003,000 Public de- Other seour- . posits 49,945,000 Ities • 139,610.000 Other de- Notes In res. 32,192,000 posits • 129,647,000 Coin in res. 1,978,000 Rest, 7-day and 1 other bills 3,638.000

""'£197,783,000.; £197.783,000 The leading items of the Bank of England return afford the following compari-

OONSOLS AND AUSTRALASIAN STOCKS. Current quotations for Consols and Australasian Government stocks, compared with those ,of last , week and of March 30th, 1916. arc:— ■ ■ ' ■ .

•Interest payable in May and November. —flntereat- payable in January and July, jlnterest payable in April and October. SOUTHERN GRAIN AND PRODUCE. PrMa Association. CHRISTCHURCH, March 30. There is only a moderate quantity of wheat offering. ' The oats market has weakened., still further, and buyers are not now offering more than 3s 6d at country stations, though a little more would probably be paid for heavy seed lines. Advice lias been received that 7000 Backs of ' Algerians and white. oats have arrived at Wellington from Australia, and. about 7000 sacks are going to Auckland. Good white oats equal to .A grade Gartons ore being offered at 4s on the wharf at Wellington, .all charges paid. At This price business with the North Island cannot be done with Canterbury oats at their late market values.

There is very little business doing in oatsheaf chaff,’ and the demand is limited.

For- potatoes, for April-May delivery, .£•4 at country stations is now being offered. The quality of the main crop this year is said to be very good. Peas are reported to be coming in from Australia at a lower figure than the local market price. It is stated, however, that the Tasmanian crop of blue peas has been commandeered by the Federal Government. The recent rise in the price of onions has also induced, consignments to be made from Australia, and the local price of A 6 per ton is now only nominal. FRUIT AND PRODUCE WELLINGTON MARKETS. There has been a distinct advance in values ruling in the local market for desert peaches, and there is very little likelihood of prices recoding as the season is ribw well advanced, and only spasmodic supplies are coming forward. Apples have been fluctuating within lower levels lately as consignments have been arriving freely; pears are commanding excellent attention, especially the Marie Louise variety; stewing descriptions are selling well. Tomatoes have at last advanced in price, and at the moment green are inquired for more so than ripe; grapes are in better demand; Cape gooseberries are in keen demand, and the market has advanced. Shipments of bananas from the Coot Islands have realised excellent values owing to supplies

lately bavins been in very small compass in retailers’ bands. .Apples, choice dessert 7s to 7s 6d case, prime os fid to fis Gil, others 4s to 4s fid; pears, choice dessert 9s to 9s fid case, prime 7s to Bs, unpopular varieties 5s to fis, stewing (choice) 4s to ss; peaches, choice dessert 7s to 7s Cd half case, prime os to os fid; Cape gooseberries fid to 7d lb; grapes, choice Is to Is 3d lb, prime Sd to lOd; tomatoes,, choice 9s fid to 11s half case, prime, os to fis fid; passions, choice local fis to fis fid; quinces. 3s fid to 4s case; plums, choice as to fis half case. POTATOES AND ONIONS. Au excellent demand results for prime potatoes, supplies of which are offering fairly freely from the South Island as ivoll as from nearer at hand sources of supply. Owing to the dry season generally there is very little blight showing. Onions are not offering at all largely, but the quality generally Is good. Potatoes, prime AS 10s to -£9 per ton, others £7 to .£S; onions, £7 10s to .£8 per ion. OTHEK VEGETABLES. Practically* every line of vegetable Is realising satisfactory prices as supplies are not at all heavy. Cauliflowers, cabbages, parsnips, and green peas arc specially sought after. Cauliflowers, choice 10s to 12s sack, prime fis to 8a; cabbages, choice 9s to 10s sack, prime fis fid to 7s fid; lettuce, choice 2s fid to 3s case; marrows, 2s to 2s fid; green peas, choice 17s 9d to 19s sack, prime 13s to 15s; parsnips, choice 7s to Ss sack: beetroot, 4s to 5s sack; carrots, fis to 7s sack; swedes, 4s fid to 5s fid sack. EGGS. A good demand is resulting for both fresh and preserved eggs, which are selling at Is lid to 2s for the former. POULTRY. Supplies are not equal to requirements, and excellent , prices rule. Roosters, prime 5s to 5s fid pair, good 3s fid to 4s, hens (prime heavy) 4s fid to 5s pair, good 3s to 3s fid; ducks. Is fid to fis fid pair; turkeys, gobblers 18s to 22s pair, hens 8s to 10s. LIVE STOCK SALES AUCTIONEERS’ REPORTS. Dalgety and Co., Ltd. \ At Levin "oil Tuesday we offered a small yarding of saeop ana cattle, and the tollowmg prmes were obtained Mixed ago ewes 24s and 24s 2d, forward lambs to 18s, small woolly 'lambs 13s 2d to 15s fid, cull Uurws 9s, b.JJ. rams to 2i gns, 24ycar steers JBIU 2s fid, li-year helms JH iS. ' ■ At Walkauae on Thursday we offered a fair yarding of sheep and cattle. Competition was more animated than of late, and the whole yarding with the exception- of one-small 'pen of battle changed hands. Wo quote Pour-tooth wethers •to 345, small-2-and 4-tooth brothers’ 28s 4d, 4-tooth ewes tp 32s fid, mixed age ewes to 30s 2d, s.m- ewes to 18s Id to 21s 7d, woolly lambs to 18s, shorn lamhfc. to 14s, cull owes 13s, cull lambs 7s fid, light weight fat cows to £lO 14s, fat maiden heifers MU, forward bullocks to -215 10s, li-year steers *£B 2s fid,- heifers r;w.b. to £7, young bulls to j 66 14s. WELLINGTON CUSTOMS. The Customs revenue received at Wellington yesterday) totalled (£4201 18s sd.

Buyer*. Sellers. X s d X s d Mininp— New Sylvia 0 0 li 0 0 4 Hauraki Keels (cont.) — 0 0 (i Investment — National Bank 5 % 0 — Lk. N :/j. Ufa Cs Sd) ... 11 7 0 — Union Ba.nie 52 10 0 — Nivt- Moitsaue — 3 it 0 Loan and -Uerc. (ord.) 82 0 0 — N.Z. and 11. Plate — 1 IS 9 Wn. Invest. T. anti A. 0 11 0 U 11 c Wn. Trust Loan 6 16 0 -— N.Z. Insurance — ( 9 0 Union Steam (ord.) ... 2 0 — Union Steam (pref.) i 0 10 1 i - Kainpoi Wool (ord.)... — 6 11 0 Westport Coal i 7 0 1 i 6 Leviand O’Hrien i i 9 1 7 0 N.Z. Consol. Dental i 3di — SharJand and Co. (ord.) i 7 0 1 8 6 W.F.C.A. (115) 6 10 0 —*

eons:— This Last Lost ... week. ■week. year. £ £ £ Bullion . ......... , 52,032.000 52,070,000 55,718.000 Reserve 34.170.000 34.588.000 41,554,000 Note ciroTtioa 38.289.000 37,824,000 33,677,000 Deposits 179,592,000 192,046,000 144,426.000 Proportion ol reserve to liabilities ........ 19.02 17.99 28 75 THE MONEY MAEKET. This Last Last week. week. year. per cent. per cent, per cent. Bank rate 5i 5i 6 Short loans .. 4i 45 4* i force month hills .... 4 9-16 4i 4a

—,— — , year Stoo'c. Eba *wmIc WMkago. ' ±S9 : r* ... d. £ tL £ s. ■ d. 2h% Imperial C'ls 53 0 0 53 6 u 67 s 0. 5%X Wat -Loan 94 04 0 0 0« 0 0 D6 15 0 fctf 0 I) ift 4%N ew Zealand* 04 10 0 84 10 0 87 3$i Sew Zealand i 3% New Zealand* 4% Now 8." Wales 70 6 70 6 *2 o 61 17 H 62 63 5 “90'10' Oft 12 0 6 80 96 10 12 6 98 95 15 1c 0 a1% - • 1930-5G 63 .0 0 6V 6 70 2 68 e 0 63 0 0 VO 0 94 7 6 94 10 10 0 82 12 6 82 0 84 0 3}“? 1929-40 «« 2 0 «H 0 70 0 60 17 6 til 2 ti 63 b 0 VO 0 0 70 17 6 0 0 56 X0 0 56 6 57 16 A3 V> 33 0 0 00 10 0 89 5 0 85 5 0 86 01 2 6 01 2 0 62 15 74 17 6 V 4 17 b 0 70 0 1) 70 U 0 69 2 • 6 70 0 0 70 t> ti 72 3% Tasmania 63 XU ,0 63 10 u 63 10