COMMERCIAL.

Press, Volume LII, Issue 15501, 31 January 1916, Page 9

COMMERCIAL.

(By Cable.—Prees Association.—Copyright.) BANK OF ENGLAND RETURNS. LONDON, January '28. The Bank of England returns issued on "Wednesdays January '26th, afford the following comparison:— 1 Jan. 10. Jati.2G. JC £ Coin .. .. 50.93ti.0n0 51,777,000 Hc««l'va • • 35,708,000 36,8-15,000 Proportion of reserve to liabilitjico .. 22.28 22.49 Circulation .. .. 03.910.000 33.820,000 Public deposits .. 59.474,000 62,875,000 Other deposits ■■ 100,782.000 J00,9G1,000 Government securities " .14,839,000 32,839,000 Other securities 109,725,000 112,205,000 Short loans, 4-J dci* cent.; three months' hills .0 3-16 per cent. GOVERNMENT SECURITIES. The following aro tho latest quotations for Government securities, with a comparison with those ruling last week: — Price. Price Jasttveck. to-day. £ e. d. lu «. d. 2} per cent. Imp. Cnn. 59 0 0 53 0 0 3i per cent. War Loan 89 10 fl 89 15 0 per cent. War Tjoan 97 1 3 97 1 3 N.S.W. 4's, 1933, Jan.Jly .. .. 95 0 0 95 0 0 N.S.W.*3V«, 1930-50, Mrh.Sopt." •• .. 83 7 0 83 5 0 N'.SAV. o}'«. 1920-30 ~ 95 17 6 06 0 0 N.S.W. 3'e, 1925. Apl.Oct. .. 78 0 0 78 0 0 Vic. 4'b. 1920. Jan-Tly. 93 15 0 94 0 0 Vic. Si'*, 1921-26, Jan.Jly .. .. 91 7 G 91 5 0 Vic 3J's, 1929-40 .. 83 5 0 83 o 0 Vic' 3's, 1929-49, Jan.-Jly. 76 0 0 76 0 0 □land. 4's. 1915-25, Jan.- * Jly. .. .. 95 0 0 95 0 0 Bland SJ'«. 1922-47, Jan.Jlr. .. 91 5 0 31 5 0 Dland" 3'fl, 1920-47, Jan.- * Jly.' .. .. 74 10 0 74 10 0 N.Z. 4'«. 1929, MayN„V. .. 95 1 3 95 0 0 S.7i. 1940, .fan.-.Jly. S3 5 0 89 .5 0 N.Z 3 r s, 1920, Apl.-Oct.. 76 0 0 7G 0 0 B.A 3V3, 1916, Jan.-Jly. P 5 5 0 Si 5 0 5.A. 3'*, 1916, Jan.-Jlv. 70 10 0 70 10 0 r' lls ' 3J's, 1920, Jan.-Jly. 85 5 0 85 5 0 Cm 3's. 1920-40, Jan.Jly. .. .. 76 1 3 76 1 3 W A. 3i's. 1915-35, JlavNov. •• .. 87 10 0 87 10 0 SV.A. 3*. 1915-35, MayXov. •• H 0 0 82 0 0 METALS. I'nDoei —£89 15s to £89 cs. Electrovtic—£l2o to £1-1. ' jju— Three months £I<< 10s to £liß ' S - f ,oi - Pier Iron —£81 os. Jxiiid —£30 os to £32. Si'ver —26 15-16 d. Swar is firm. American granulated L3O per ton. CEREALS. AVheat— Cargoes aro firm. Flour —The market is farm, and business is limited, owing to the high Tho market is dull. La Plata., (.floatj 30s. Peas and beans are firm, but un:haK"!'J - TOOL. Bidding is excited for all qualities, md prices are hardening al round, specially for crossbred*. Ihe Bradord market is strong. . The prohibitive notations are restricting business, fours 4-3 d, sixties Md, common » fifties 34d, 'orty-sixes 30d, forties JBd. BUITE3I AND CHEESE. Danish is dull owing to heavier supplies at 134s to loßs 3d. Colonial is •ithor firmer. Little Australian is "A Chofcat .i 142, to 146s msalted loSs to Zealand salted 116s to l^ )s > unsaltcd 160s to L62s.

I The cheese market is very firm, nnt | prires are unchanged. I LOXDOX WOOL SALES. I (Received January MOth, '>■•> P -rn '' 1 LONDON, January 2-,. At tho wool sales there was mated competition. Crosshrcds cr exceedingly firm, but merinos 0 unchanged. The Castle brand clip averaged 23£<3, the top price being 26} d. "WHEAT. The market is quiet. ;ind unchanged. MISCELLANEOUS. Jute—January-February. £31. Hemp—February-April.. _ , , Cotton—January-February, Copr.i—January-February. '■ Rabbits—The market is dull and tending easier. Rubber—Para 3s. plantation -is 1 smoked 3s o.?d. FROZEN MEAT TRADE.LONDON", January -!f. The Frozen Meat Trade Association s Smithfield Market quotations lor the undermentioned classes of trozen meat, .ire based on actual sales of not lover than 100 carcases of mutton or lamb, or '23 carcases of beef, of fair average quality. These quotations are not for selected lines, but for parcels fairly representative of the bulk of tho shipments now on the market: — J an. i' 2. Jan. CI). Hut ton— <1. _ Cauterbury. light .. 7£ «a Canterbury, second quality. light _.. .. 7J Canterbury, medium .. 7.V 7J Canterbury, heavy .. 7 7 Southland .. ..73 7j North Island, ordinary .. 7g North Island, be«fc brands 7J Xc.v Zealand, ewe 3 ..7 7 Australian, heavy .. 5i Australian, medium .. — — Australian, light •• °i Australian. ewe« .. oi Itivc: Plate, light .. 7J 7J Hirer Plate, heavy .. . 7j 7« River Plate, ewes .. 5J Lamb--Canterbury, light 7, 7j Canterbury, light, 6«cond quality .. .. 7J 72 Canterbury, medium .. 'I 7< Canterbury, heavy ..71 7} North Inland, selected. .. 7; l'.o. North Island, ordinary .. 7i n.o. Southland, selected .. 7 J n.o. Australian, best brands .. 7jj 7j Australian, fair quality .. 7J 74 Australian, inferior ..64 81 River Plat'?, first quality 63 River I'late, second quality lij Pi Be*f— Xew Zealand, fores .. n.o. S.o. ,\en Zealand, }>ind« .. n.o. ».°. AvAtralian, fovea .. n.o. u.o. Australian, hinds .. n.o. no. River Plate, chilled fores 5J G Hirer Plate. chilled hinds 71 's Uruguay, frozen fore» .. n.o. n.o. Uruguay, frown hinds .. n.o. n.o. Uruguay, chilled fores .. n.o. n.o. Uruguay, chilled hinds .. n.o. n.o. RECORD "WHEAT YIELD. (Received January HOth, 0.0 p.m.) MELBOURNE. January 20. The Victorian harvest is practically complete. Tho viold exceeds <30,000,000 bushels, a new record. THE EGG MARKET. Eggs are in good supply and equal to the demand. Canterbury Circle first grades realised Is -xl, seconds Is 3d to Is -Id, country store eggs Is 2d to Is 3d per dozen.! SATURDAY'S POULTRY MARKET. Messrs J. B. Mcrrett and Co. had a. largo entry of poultry, prices being well maintained. Through the presence of tho moult, and the dear food, hens arc coming in freely. Tablo chickens realised ~>s tid to 9s 2d, hens 2s to 4s lod, ducks 4s (3d to 7s Bd, pullets Us to 8s (id, geese (is to Bs, per pair. , Messrs A. B. Sands and Co. had a. good entry at their yards, including a fairly heavy entry of ducks and ducklings, prices bciug on a par with tho previous "week's. Following -were tho prices ■■ realised : — Prime table ehiekons, 4s 6d to 8s 10d per pair; hens, 2s lid'to 5s Id per pajr; ducks, r>s to 7s lOd per pair; geese, 6s to 8s 1d per pair; small chickens, 4s to 2s 6d per pair. TATTERSAJ/L'S HORSE BAZAAR, Messrs H. Matson and Co. had an entry of So horses ou Saturday. Tito demand for any useful sorts Avas good at la to market rates, but the average quality of the yarding was only fair. The present shortago of feed and tho poor prospects for winter feed, makes people chary of buying any horses except what. aro required for immediate use. Following were some of the principal sales: Account AY. Townley, flalswell draught mare, dray and harnes, £23; account H. Cassidy, Springfield, truck-load of harness horses at from £3 10s to £5 10s; account .11. Murfitt, Rangiora, oyr-old gelding, by Stronghold, £.14; account client, ag»d gelding, £22 10a; account J. Archer, lliccarton. horse._ gig, and harness, ii.ll 15s; account, L. Arps, Belfast,, aged draught, £10; older sorts sold at lato rates. LAND SALES. Tho New Zealand Farmers' Co-opera-tive Association offered for sale by auc- - tion on Saturday 62 acres 3 roods 23 perches of land at Lincoln, in tho estato of tho late Mr Wm. Miller, ft was s-ohl at £24 per acre to Mr J. Penny, of Lincoln. Messrs Craddock, McCrostie Co. held an auction sale on Saturday of several city and suburban properties. All were passed in except a section of 17 perches on Moorliouso avenue, opposite the Christehnrch railway station, which was sold to Mr J. Hall at £500. COALGATE SALE. At the Coalgate t-aleyards on Friday, about 700 sheep and lambs were yarded. There was a good attendance of export buyers, and all fats met a keen demand. Values -were as follows: Fat < lambs from 17s fid to 22s 4d. fat. Evwcs 18s 6d to 20s 4d. About half a dozen pens of stores were on offer, all selling at full rates, as follows: forward 4rtooth -wethers 19s lOd, small 2-tooth Down cross ewes lis 4d. ditto wethers lis 2d. A pen of G-tooth crossbred ewes fetched 16s lOd. ROUTE MARCHES. « AT AUCKLAND AND WELLINGTON. On Saturday next, February sth, , wmc 3000 troops will engage in route i marches through Auckland and Wellington cities. The biggest display will be made at i Auckland, where some 2000 men will bo seen in marching along in column. These troops will comprise the 4th Battalion, New Zealand Rifle Brigade, (the Earl of Liverpool's Own), the 3rd Reinforcements for the Maori Contingent, Ambulance Reinforcements and Army So/rrice- Corps. The 4tit Battalion, X.Z.R.8., is at present encamped at Rangiotu, and towards the end of the week will be sent through by train to Auckland. The same will be done with the Ambulance men, who are now in training at Awanuni, Palmerston North. These, with the Maori Reinforcements encamped at Auckland, , >hould make a really fine display, and j should give residents of the Northern "itv an excellent idea of the manner in j n'hich troops are being turned out in NYw Zealand. The 3rd Battalion, N'.Z.R.B., which ! is also encamped at Rangiotu, will en- j Lrain for Wellington and will make it s | j tppearance in the city streets as stated. 11 I <