COMMERCIAL.

Sun (Christchurch), Volume I, Issue 78, 8 May 1914, Page 8

COMMERCIAL.

THE MONEY MARKET.

BANK OF ENGLAND RETURN. By Cable.—Press Association. —Copyright. (Received May 8, 10.20 a.m.s LONDON, May 7. The Bank of England return issued for the week ended Wednesday, May is as under: — ISSUE DEPARTMENT. Notes Got. debt £11,015,000 issued £28,808,000 Other seNotes in curities 7,434,000 reserve 23,894,000 Gold 34,253,000 £52,702,000 £52,702,000 BANKING DEPARTMENT. Proprietors' Gov. secucapital £14,553,000 rities 11,04 <,OOO Public de- Other secuposits 18,387,000 rities 38,835,000 Other de- Notes 23,894,000 posits 39,402,000 Coin 1,689,000 Rest, 7-day and other , bills 2,923,000 £75,465,000 £75,465,000 The leading items of the Bank of_ England return afford the following comparisons: ■ Increase or Increase ot Decrease on Decrease on Amount. Last week. Last yea/, Bullion 34,253,000 1898,000 t1.122,000 Note circulation 28,808,000 f69,000 tBB,OOO Reserve 25,583,000 t755,000 +847,000 Deposits 57,789,000 *4,358,000 *4,837,000 oißeserves to liabilities 44.26 *1.89 f5.64 * Increase. t Decrease. AUSTRALIAN MARKETS.

AND PRODUCE

/ By Cable. —Press Association. —Copyright. SYDNEY, May 7. Wheat, 3/10 to 3/10 J. Flour, £8 to £8 2/6. Oats, Algerian feeding, 2/- to 2/2; milling, 2/3 to 2/4. Barley, English, 2/6. Maize, 4/-. Bran and pollard, £5. Potatoes, Tasmanian, £6. Onions, Victorian, £7 10/- to £B. Butter, selected, 104/-; secondary 90/- to 94/ v Cheese, 8M to 9d. Bacon, 9d. ADELAIDE, May 7. Wheat, 8/10 to 3/10*. Flour, £7 17/6 \ to £8 5/-. Bran, 1/1. Pollard, 1/H. MELBOURNE, May 7. r 1 - Hides—There was a moderate catalogue at the sales to-day and an irregular market. Kips and sloppy were Jd to id* lower, others unchanged. MELBOURNE, May 8. - Wheat, 3/10 to 3/10 i. Flour, £9. y £o. Pollard, £5 5/-. Barley, English malting, 2/10 to 3/2; Cape, 2/1 to 2/2 A. Oats, Algerians, 1/B,} to 1/11. Maize, 3/9 to 3/9*. Peas, 4/6 to 4/7. Potatoes, £4 5/- to £5. Onions, £6 to £6 10/-. LONDON WOOL SALES. LONDON, May 7. At the wool sales the following prices were realised for the fleece portions of the New Zealand clips named: —Gear, top 13£ d, average llfd; Teviotdale, top 15d, average 14£ d; Leslie Hills, top 15£ d, average 14§d; Ngakonui, top 13d, average llSd; Ohoka, top 22d, average ■' 18d.

HOME QUOTATIONS.

(Received May 8, 11.35 a.m.)

LONDON, May 7. Silver.—Bar silver is quoted at 27d per ounce standard. Shares —Waihis, 40/7 to 41/10; Junctions, 26/- to 27/-.

Messrs Dalgety and Co., Ltd., have received the following cable message from their London office: — Tallow. —Since our last wire prices for good descriptions are 3d per cwt lower, and for medium and inferior descriptions 6d per cwt lower. Scaree4^2y anything doing in c.i.f. terms. Rabbit Skins. —3600 bales are being offered at sales which start to-day. Prices are 2d per lb lower..

The following is the copy of a cable received by Dalgety and Co., Limited, from their London office, dated May 6, 3.914•- —"Wool sales continue active, competition is brisk and buying is general from al> quarters. Prices are well maintained for, good merinos and fine crossbreds. Prices are irregular for Sieavy, earthy and wasty merino wools. are scarcely maintained for phabby coarse crossbred wools. For other descriptions, prices are very firm at last quotations.

TO-DAY'S MARKETS. , The following were the ruling prices in to-day's markets: —Apples, dessert, £d to 3d per lb; apples, cooking, lid to 2d per lb; peaches, 2fd to 3id per Jb; oranges, 5/- to 5/6 per case; pears, '4/- to 6/6 per case; tomatoes, 2d to 3d sb; cucumbers, lb; potatoes, 8/jgack; cabbages, 1/6 to 2/- dozen; cauliflowers, 4/- to 6/6 dozen; carrots, 7d dozen; turnips, 6d dozen; parsnips, ,8d dozen;, onions, strings, 5/- cwt; grapes, lOd to 1/4 lb; mushrooms, lOd to 1/-. Steady supplies of local fruit have been coming forward; the market has also Ijeen well supplied with Island oranges.

CHRISTCHURCH STOCK EXCHANGE.

FRIDAY, MAY 8, 1914. SALES REPORTED.

AUCKLAND STOCK EXCHANGE

Press Association. AUCKLAND, May 8. Sales: Waihi 41/6, Waitangi 1/2. DUNEDIN STOCK EXCHANGE. DUNEDIN, May 8. Sales: Rising Sun 20/3, Talisman 36/-, N.Z. Drug 45/6.

Kew Zealand Insurance . .£ 6 5 0 Cliristchurch. Meats (fully pd.) 16 12 6 Wailiis o 1 9 I>itto 1 6 TO-DAY'S QUOTATIONS. Buyers. Sellers. BANKS— National, Ltd. •. .■ .. Ill/- — N.Z. (fully paid) 337/6 — COAL— "Westport (fully paid) .. 28/9 — INSURANCE — — —— National .. .. • • 43/- — j New Zealand .. . • 126/Standard .• 33/6 — MEATS— Canterbury (fully paid) 331/G — ■WOOLLENS — Kaiapoi (ordinary) .. — 106/Kaiapoi (pref. re div. Oiily) — 106/MISCELLANEOUS — Bowrons (fully paid) .. 6/3 — Weeks, Ltd . . .. 100/- — Golden Bay Cement . . 19/- — "VVhitcombe and Tombs. . 118/- — N.Z. Farmers' Co-op. . . — 47/Ditto (first pref.) 102/6 — Ditto (second pref.) — 102/6 Taranaki (N.Z.) OilWolls 4/3 5/fclTNING— Talisman 35/9 — Wailii .. ... .. .. — 42/''■r