COMMERCIAL.

Sun (Christchurch), Volume I, Issue 85, 16 May 1914, Page 14

COMMERCIAL.

CONSOLS AND STOCKS. By Cable. — Press Association. — Copyright. LONDON. May 15. \ Current quotations for Consols and Australasian Government stocks, compared with I thoso of last week, and the corresponding period of last year, are: —

*■'* * Interest puyabla in May aud.-November. jd t Interest payable in January and July. £, t Interest u.ivsblo in April and October. 4 MKTALS. , -- By Cablr — Pre*a Association. — Copyright. i/ ' ' LONDON, May 15. .;-. Copper.—Spot, £62 17/6; forward, frt £<r, to/-. \ S Tin.—Spot, £lsl 5/-; forward, £156. «' - 'Pig-iron, 51/74. J Spelter, £2l 5/-. |. SVGAR. f* German, 9/4}: first marks, 11/s}. &- i * BE AI WOB. 1 > WOOL M ARK ET. ►V . —— ■ ~~ There is more enquiry. Quotations: p rt -64's, ;il}T; super, ;i'»d. ' ;£_ . if BirTTEB ANft CHEESE. *•> ' " . •.'.■..-- &- % Butt'cVl-VTlie market is quiet, and price.v are unchanged. There is a good demand for choicest lines of colonial, £■{ ' but few are offering.. Secondaries are h*"' Tieslecte.l. > Danish is quoted at 112/: to S«T ....-, i Cheese, —.The market .is dull. New 1' 'Zealand white, 66/6; coloured, 6J'./-. &' ' * . WHEAT ANJ)' FLOUR. 'f Wheat'.—Tlie market is quiet. . Aus-traban.-spot.is (Rioted at.BB/6. f' Flour. —The market is steady. Aiis- :• ' tj'ali.tn patents are quoted at 26/6. OTJIJIR PRODUCE. —' Oats.—The market is firm. La Plata, & *June-Julv .shipments, 15/ iV >. K-* Peas and Beans. —The market is firm, *i_T ' - •- ■.-■: • ■:•■■' '■ ' ■ £- but quiet. Ix\ ;;..-. :;.-.., . ;,; : ' |i'" SHEEPSKINS./ ';. / ;/, ■ v . r- At \he sales, 4500 bales were offered '%~j " and sold. There was a large attendfe' . .ance and keen competition. New Zea-. *> J

gv- *' JHllil crossureu cumuiuga were » ■-.um.ij.- «" "-, •■ •■ ■''■ '■ - : . - ■ " ; ■'.■ '• ■ |-- < penny .dearer. &fc* - \ \ ,'. '■'".'■ |/ LONDON WOOL SALES. ; (Received May 16, 11.10 a.m.) fo I '• ~-:-'.(.LONDON, Mav, 15. -, £,„•■ At the wopl^.;i^T^s-^h^e; w«i3 i}~ sale, with prices at the highest level of •fiie series. ? EBISBANE WOOL-SALES. V. (deceived May 16, 9.40 a.m.) •v ' • BRISBANE, May 16. T", At the wool sales, competition wa's very keen. '"Prices for the .better ]'/■' classes of offerings were 74 to 10 per •cent-above the March rates. "- ' ; Under date London, May 15,' Messrs ~\ ~W. Weildel and Co., Ltd., cable the posi- {' iion of the dairy "produce market as follows: —Danish Butter:" 114/.-. ' New : Zealand, first grade, unsalted, 1.14/- to ;- 116/-; salted, 106/-' to 103/-;' "market ,:■ quiet. New Zealand first grade white s }~'_ cheese, 60/- to 61/-;. coloured, .6;?/- to (>." 6.'5/6; market quiet. = " Tlie New Zealand Loan and Merean- !*■ tile Agency Co., Ltd., has received a % cablegram'from London giving the uu-V-V demoted market information: —Shecp- %-• skins —Merino sheepskins have advan--1" * -ced jd since last sales, and crossbred *d. 1 : ', TO-DAY'S POtfLTBY MARKET. m'-'' ■? There was a large entry in Wilson's Poultry Market to-day, 2100 birds rfl l»eiug penned. Table chickens realised £'" 4/6 to 8/4, small 1/- to wl/6,.breeders r 10/- to 15/-, hens 2/- to "5/8, pullets «/- to 7/-, ducks 4/, to 6/10, turkeys 28/per [»air. The egg market shows signs of easirig in price. C'anterburv Egg Circle extras realised 2/l\, first 2/1 to 2/2; seconds 1/H to 1/P»; stores l/>s to 1/10 per dozen. The landing . of several thousand k- dozens of eggs from San .Francisco into f 7 y ' the uorthiTii ports have lowered the ,-' Aw-rda;; I and Wellington prices by 4il ft dozen.

The' Canterbury Egg Circle now numbers 100 members, mostly farmers. _ An effort is being made to raise the circle' to .500 members for the coming season. Messrs Craddoek, M 'Crostie and Co., in conjunction with Speirs, -Saunders and Co., submitted to auction eight building sites situated in Westminster Street, St. Albans. One was sold to Mr Mauder at £K!O. The remainder were passed in. HOKSE SALE. To-day the entry at the weekly horse sale at Tattersalf's yards was not ,big, on account of other attractions. The majority of the catalogue was not of show ring quality, but anythiug useful brought good values. A draught mare submitted on account of Mr J. W. M'Kay, Springston, brought £-!7. FEOZEN MEAT MARKET. Messrs A. IT. Turnbull and Co. received from Messrs Weddei and Co., a cablegram this morning, reporting on the frozen meat market as undernoted: —Prime New Zealand lamb, u/:'>6, 6jd, jinn; do :'>6/42, 6id, linn; do 42/50, Gd, firm; G.A.Q. 1 ' North Island lamb, 53d, firm; prime Australian lamb, sgd, firm; secondary lamb, 5-Ad, firm; inferior, sj{d, firm; New "Zealand ox hinds, 4Ad, steady; do fores, o'7-lGd, steady; Prime Canterbury mutton,. 4}d, quiet; do "Wellington, ;ul, quiet; do Plate do Wellington mutton, ?>£d, quiet; do Plate! mutton, o D-itid, quiet; do Australian, y 7-16 d, quiet. CHRISTCHURCH STOCK EXCHANGE. SATURDAY, MAY 16, 191-1.

'\ AUCKLAND STOCK EXCHANGE. 'Press Association. ' ■ : :': i \ -AUCKLAND, Miy'.'lfi. Sjilefc—Wiuhi .43/9. Junction 24.9,' Talisman 367-, Auckland Gas 30/-.. Auckland Tramway's (ord.) -.',28/9. . DUNEDIN STOCk EXCHANGE. ' DUNEDIN. May 15. Sules—Westport ~Coal 3,'-, Ntuiosial 'tianlc 113/-" Waihi 43/9, r 43/9. . ". . TfiE SHARE MARKET. r f During this week the volume of business reported locally has been fair. The business .reported from other centres has not reached,the average. . Prices for the.better classes of investment .stocks still show a tendency/to

increase, but in one'or two instances prices have declined. Sellers are scarce, and any lines quoted find a ready sale.. There is every indication that money for investment stocks is plentiful, and buyers "will have to prices if they 'desire to do itjusiness. '.' The mining market continues dull, 1 the prices ''of. practically all shares decliii-i-»g'. '••...' . ' ■ Banks.—Bank of New Zealand: Buyers have increased their price to £l6 18/6,-but no sales have been reported this week. Sellers are asking £l7 2/(5. A sale of the issue £:i (5/S paid 5 has been made at dill .'!/6. ? National Bank.—These shares have remained practically stationary; buyers still offering- £5 1-/-, with sellers at £5 14/-.. \. ■ ' Fnion Bank. —Buyers are offering £(SO .10/-, with sellers at £6f. ■ At the buying price these shares will return 6 per cent., and are a first-class in vestment. Gas. —Christchnrch Gas: One sale lias ibeen reported at .£7 -5/-, and at the close of the week ..buyers..wore .offering £7 2/(5, but sellers were holding, for £7 6/6. ;."_••■. • * "Wellington Gas.—Several sales have been reported at £lO 7/- to. £l6 7/(5, with sellers at the latter figure. Auckland Gas. —Sales have been reported at SO/-, with sellers at SO/6. Insurance. —There are still buyers for all issues of insurance shares, the only stocks showing sellers being New Zealand' ami National. N.Z. Insurance.—Last week prices increased to £6 5/-, but declined to £6 1/6. They, however, quickly recovered, and buyers are now offering £6 :'/-• At the latter figures these shares show a return upon investment of nearly 5 per cent.

National Insurance. —Sales have been reported at 53/6, and there are sellers at present at the same figure. Standard Insurance. —Quotations of 33/9 have been regularly- made, bat no business has,been reported. Meats.—C'hristehureh Meat Company: No business has been reported, but tlKvre is a strong demand for all issues of these shares.

■Shipping. —Union Steam Ship Co.: Sales have been reported at £1 5/6 and Ail VS. There is a steady demaud for the ordinary issue, but sellers are not

inclined to dispose, of their holdings until the declaration of the half-yearly dividend, which is due this month. Sales of the prefereiice issue have been recorded at 21/-, and sellers are now asking 21/6. N.Z. Shipping.—Sellers of the ordinary issue are asking £l6, without business resulting. The preference issue are wanted at £lO 5/-.

Coal.—Westport: Bidding for these shares has continued brisk, and buyers are quoting 30/-. No sales have been reported, but to-d.-n-'s list shows sellers at HO/6. Miscellaneous.—Bowron Bros.' shares have advanced another ;U1 in price during the week, buyers now offering 7/-, but sellers are not inclined to sell under 7/1).

Farmers' Co-ops.—These shares have declined recently, and sellers have been reported at £2 6/-.

Whiteombe and Tombs. —Buyers are offering £o 18/-, but no business has been reported. Golden Bay Cement.—Buyers have regularly offered 19/-, and "there is a keen demand for these shares, without business resulting. Mining.—Wai hi: Sales at the end of last week were reported at -11/-, and prices have gradually "firmed to 42/9. To-day's quotations are: Buvers 4;:/9, sellers 44/-. '

"Waihi Grand .Junction.—Sales have been reported at from 25/6 to -6/."!, but declined to 24/9. To-dav's quota : tions arc 24/(>, sellers _•>/-• Talisman.—These shares have remained almost stationary. Sales waiving from ;■,(?/- to .35/11,' with a recovery to , T J6/-. To-day's quotations are: Buvers V,5/l), sellers ,-!6/-. ' "

Boss.—Prices have slightly declined. Sa'ies were reported at 4/5 and 4/6, but declined to 4/;'». To-dav's quotations are:. Buyers ,°>/9, sellers 4/6.

'i. rf This Last Last t: ,' ... we ek. wee sk. year. t* J £ s. £ 8. £ 8. d. ■2J p.c. Imperial Consols 74 17| 74 15 75 5 0 k 4 p.c. N.Z.* . . 100 0 100 0 101 0 0 ¥ 3?. p.i>. N.Z.f. - 92 0 92 0 90 0 0 t 3 p.c. N.Z.J.. 82 0 82 0 78 0 0 4 p.c. N.S.W. 103 0 103 0 102 0 0 i 3J p.c. N.S.W. — — 97 0 0 r-. 31 p.c. N.S.W. P-1930-50 . . 92 0 92 0 ___ Y 3 p.c. N.S.W. 85 0 85 0 82 0 0 4 p.c. Victoria 102 0 102 0 101 10 0 "£* 3J p.c. 'Victoria 90 0 90 0 95 0 0 BJ p.c. Victoria i 1929-49 . . 96 0 96 0 — k' D p.c. Victoria 31 p c. S.A. . . . — — 79 0 0 93 0 93 0 89 0 0 i?*' 3 p.c.; S.A. . . 74 0 74 0 75 0 0 4 P.IV: : Q?)*1<1. 102 0 101 0 101 0 0 1--3J, 'p.«.-, Qnsld. 97 0 97 0 95 0 0 3 p.c. Qnsltl. 81 0 81 0 78 0 0 '1 i't " 3i.|..c. W'.A... 92 0 92 0 88 0 0 V ' 3 p.c. W.A. . . 87 0 87 0 82 0 0 31- p.C-.'Tas. . . 92 0 92 0 90 0 0 ii p.c. Tu.s. . . 82 0 82 0 83 0 0

SALES REPORTED £ s. d. Ij.'in.'r of New .Zealand „. ■ •■ 11 5 0 Union JJank of Australia 61 0 0 National Insurance of' N.Z. . 2 13 6 TODAY'S QUOTATIONS. Buyers Seller. 3. BAN'KS— X 3. A. '£' s. d. National Bunk N.Z. . . ' 5 It! 0 — New Zealand. ' .—<- 11 7 6 BREWERIES —. Mannings •'•'"" • • 3 18. G —— COAL— ' 1 0 ' G '— 1 10 •o 1 10 6 INSURANCE— National of N.Z. — — ' 2 13 9 Nov.' Zealand 6 ?. 0 —-■ Standard of N.Z. 1 13 9 — SHIPPING— New Zealand . . . . . 10 0 0 (Ditto (pref.) . '." If) 1 5 0 — Union Steam Shi?) .. i. ir, 10 — Ditto., (pref.) •- • • ■ — 1 ■1; 6 WOOLLENS— Kaiapoi (pref.) . _i. 5. G 0 • • 4 .5 0 — miscellaneous — N.Z. Farmers' Co.-op. — 2 6 6 — • 0 7 9 Whiteombs and Tombs 5 li 5 -—