COMMERCIAL.

Sun (Christchurch), Volume III, Issue 866, 18 November 1916, Page 11

COMMERCIAL.

LONDON MARKETS. BANK OF ENGLAND RETURNS. j By Cahlr.—rrc** Axsvcintion.—ConmoM, Australian and S/.. Ca'ole Association. LONDON. November lfl. I The Hank of England returns for the j week ended Wednesday, November I.">, anas follow :

| HANK OK ENGLAND RATE. I The Hank of England discount rate was raised from 2 per cent, to t per cent, oil July 30, 1914, to 8 per cent, on July 31, and to 10 per cent, on August 1; was on August fi lowered to (i per cent, and on August 8, 1914, to 5 per cent., at which it remained until July 13, 1916, when it was raised to G per cent. MONEY MARKET. Short loans are quoted at ."> per cent., unchanged since last week. At this date last year the quotation was 4jj per cent. Three months hdls are quoted at 5J per cent., unchanged since last week. At i this date last year the quotation was 5J j per cent. CONSOLS. Imperial 2| per cent, consols are ([noted at ! iali, unchanged since last week. At this idate last year they were ([noted at ECS. WAR LOANS. ] The :U per cent. Hritish war loan s quot- ' ed at £B4 1(1/-, unchanged since last week. ; 'I lie IJ per cent. British war loan is ■ quoted at I'lMi, unchanged since last week. COLONIAL STOCKS. ! The following are the ([notations for colonial stocks compared with the prices ; ruling last week :

MISCELLANEOUS. | Shares.—Wnihi, 34/ Cto 35/ G. i Butter. Butter is very linn, and there is |ii limited supply. Trices: Danish, 220/- to 222/-; New Zealand, nominal; choicest : Australian, .204/- to 200/-, unsalted 208/to 210/; secondary about 200/-, milled 108/-; Argentine, salted 200/-. unsalted 200/-. Cheese—Cheese is in small supply. Handcuring Canadian, 122/- to 121/-; New ZcaI land, nominally 120/-, Sugar.- Sugar is unchanged. Wool. The Bradford wool market is excited and disturbed. Topmakers are unwillI ing to sell, and business is very limited. ; Mean (puliation: Sixty-lours. Old; super 60's, ; 00d; common 60's, 59d: r.ti's, -i.'.id; 50's, :t(Ud; 4<>'s, aid; 40*s, 29} d. I Wheat and Flour.—Wheat is firmer. No | cargoes are offering. Flour is easier, but | there is only hand to mouth business await- | ing developments. Oats.—Oats are firm. New liahia Blanca, ex quay, 14/-. Peas and Beans.- Peas ami beans are firm. Metals.-Copper: Spot. £134 Ij/-; forward, £l3O '>/-: electrolytic, £ls:t 10/-. Tin: £lB9 2/8 to £IOO 17/0. Lead: Spot, £:!0 10/-; forward, £29 10/-. Spelter: Spot, £SO 15/-J forward, 154 5/-. Silver: aid per standard ounce. CHICAGO WHEAT MARKETS. Australian and V.Z, Cable. Association. (Received November 18, .'! p.m.) NEW YORK, November 17. I Chicago wheat quotations: December options lIS. - , to 182j cents, May options 190J to ISX£ cents. TO-DAY'S POULTRY MARKET. Messrs J. B. Merrett and Co. report an excellent entry of poultry to-day, but the supply was too inadequate for the demand, with the result that prices are again high. Table chickens from 9/- to 13/9, and ducklings from 8/- to 12/0 are in keen demand. Hens are coming forward more i freelv, still the prices hold good from .1/3 to 9/0, pullets realised 5/0 to 13/8, geese H/- to 11/0, turkey hens it/- to Hi/0, turkey gobblers 10/- to 30/- all per pair. THE ERG MARKET. Supplies are coming in freely, but the demand is Arm. Canterbury Egg Circle first grades realised 1/2, seconds 1/1 per dozen. PROPERTY SALES. The Craddock McCrostie Company, Ltd.,' offered several properties for sale in their | ! land sale rooms to-day. The residential pro- i ! perty, owned by the Rev. F. A. Inwood. and ] I comprising about 3J acres, with 11 roomed I house, situate at the corner of New Brigh- j | ton Road and Francis Street, was sold to 1 the Rev. C. A. Tobin for £lOl3, bidding ! ! haying commenced at £BOO, A house situa- I | ted at No. 22, John Street, Sydenham, com- I : prising five rooms, owned by Mrs Noakes, ! | was passed in at £175. and a section on acI count of the same owner, containing 28 and 7-10tli perches situated in Wychbury Street, Spreydon, was passed at £77 10/-. An j acre section with fi-rooined bungalow, situ- ! ated at corner of New Brighton Road and i Kinglock Street, Shirley, owned by Mr (1. ('.. : Cripps, was passed at £OSO. TODAY'S POULTRY SALE. ! ("laridge and Smith, auctioneers. Farmers' ; Saleyards, report a splendid entry of good I birds at today's poultry sale. A nice line ! i of White Leghorn pullets, three months old. sold from 9/4 to 11 0; hens 0/1 to 8/8; roosIters 5/10 to 8/1; ducklings 10/- to 11/2; ducks 9/- to 10/1, all at per pair. No geese |or turkeys came forward. Send your poul- j try forward and obtain these prices, audi |cash as soon as sold. Eggs, ungraded and 1 unstamped. 1/- cash. net.

ISSUE DEF ARTMENT. Notes In cirGovt, debt £11,015,000 culation £30,891,000 Other secuNotes in itrities .. 7,485,000 servc .. 30,135,000 Gold coin & bullion .. 51,520,000 Authorised 173,020,000 circulation C73,'l20,000 BANKING DEPARTMENT. Proprietors' Govt, secucapital .. £11,553,000 rities ..£42,188,000 Public deOther seen posits .. 53,738,000 rities (adOther devances .. 100,234,000 posits .. 114,025,000 Notes in re- i Host, 7-day serve .. 30,135,000 :iikI other Coin .. .. 1,890,0001 bills .. 0,237,000 1 £186,153,000 £180,453,000 Nov. 15. Nov.18, Coin and bullion 101 ft. 1015. | 54,520,000 £53,413,000 I Reserve 38,031,000 30,000,000 to liabilities .. .. 28.55 27.40 Notes in circulation .. 31,801,11(10 33.014,000! Deposit liabilities 108,003,00(1 141,858,000 Government securities 42,188,000 18,895,000 Discounts & advances 100.234,000 101,701,000

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