COMMERCIAL.

Press, Volume LIV, Issue 16216, 20 May 1918, Page 9

COMMERCIAL.

A STEW "WHEAT.

(By Cable.—Press Association. —Copyright.) (Australian and N.Z. Cable Association.) (Received May 19th, 5.5 p.m-) NEW YORK, May 18. Mr Imther Burbank has announced that he Him evolved a new wheat containing 14 per cent, gluten. It is hardy, and can be grown from Hudson Bay to Patagonia. BANK OP ENGLAND RETURNS. (By Cable.—Press Association.—Copyright.) (Australian and N>Z. Cable Association.) LONDON, May 16. The Bank of England returns issued on Wednesday, May 15th, afford the following 8 ls £ £ Coin .. .. 60,751,000 61,124,000 Rceervo .. •• 29,517,000 30,182,000 Proportion of reserve to liabilities •• 18.18 17.22 Notes in circulation. •• 49,683,000 49,977,000 Public deposits .. 37,673,000 31,457,000 Other deposits .. 128,130,000 133,820,000 Government securities 55,872,000 57,317.000 Other securities »• 97,410,000 105,522,000 Short Joana, 3J per cent.; threo months' bills, 3i per cent. GOVERNMENT SECURITIES. The following are tho latest quotations for Government securities, with a comparison with those ruling last week: — Price Pries

SALE OF HIDES. , The first auction sale since the requisition of hides by the Imperial Government terminated was held in Uunedia on Thursday. Contrary to expectations, both tannera and shippers appeared quite indifferont whether they got hides or not, and in consequence the bulk of the better class iiides wero passed in, selling brokers not being prepared to accept the vejry sharp decline on late ruling value 9. Hides a,re wanted both, for local uso and for shipment (say 3 the "Otago Daily Times") and it is expected that before long satisfactory competition will be forthcoming at auction sales throughout the Dominion.

' TATTERSALL'S HORSE SALE.

Messrs H. Matson and Co. had an entry of 30 horns on Saturday. With one or two exceptions no really good draughts were entered, and several buyers for this class had to leave with their requirements unsatisfied. Among the transactions were:—Account J. Christopher, Charing Cross: Six-year-old gelding £20, eged mare ±'8; J. Nelson, Addington: four-year-old gelding by Wild wood Jun., £12 10s; J. Woods, Spotswood: six-year-old gelding, £11; Brooksdalo Estate, Hawarden: aged mare, £18; account client: five-year-old marc £10; A. McCarten, Southbridge: nine-year-old mare, £20 10s; client : cight-yec,r-old gelding, £14; client: five-year-old filly, £8 10s; Conistan Estate, Hornby: five-year-old gelding, £27; J. H. Smith: turnout £13 10s. Aged hacks and harness horses sold at late rates. ' ASHBURTON. Wheat.—There no change to report. The quantity on offer is gradually diminishing, and the grain in process of delivery moatly comprises 6ales mado some time ago, of which, deliveries arc going on Blowly on account of the ehortage of railway trucks. For good milling there is sufficient demand to absorb the quantity coming on tho market, but second class wheat is only saleable at the under-grade price. Oats.—The market is very quiet, there being few sellers, while buyers are not operating to any extent. Algerians have receded in value considerably since the highest point, and seed samples cannot be quoted at over 4s 3d oil trucks, 4s, while light and inferior quality range down to 3s 9d. Oartons aro nominally unchanged, but lor coastal trade the. value to the merchant is 4s on trucks for B. grade; 4s Id to 4s 2d for A. grade. Special lines would, command moro according to buyers' requirements. Duns may bo quoted at from 4s to 4s 3d for ordinary feed, and up to 4s 6d for well coloured heavy lines, while for extra choice 3d to 4d per bushel more may be obtained. Chaff.—The enquiry is quiet owing to heavy stocks being held in different centres, for which shipment cannot ho mode on account of tho ehortego of eteamere. Prime quality may be quoted at from £5 to £5 ss, on truoks, second class from 10s to 15s lower, and very poor quality is neglected. THE PROPERTY MARKET. At the Ashburton land sale on Saturday the National Mortgage and Agency Co. of N.Z., Ltd., offered, on account of the administrators in the estate of the> late..Mrs George Tilson two properties situated at Hinds. They were offered together, and Mr George Berry, junr., Hinds, was tho purchaser at £7 10s per acre goodwill. SATURDAY'S POULTRY MARKET. Messrs J. B. Merrett and Co. had a pood entry of poultry on Saturday, some excellent primed birds being penned. Special table chickens realised as nigh as 10s 6d per pair, hens 3s to 6s 3d, pullets 43 to 11b 6d, ducks as 6d io Bs, turkeys 113 to 295, geese 7s. to 9s, all p«r pair* THE EGG MARKET. Supplies are coming forward verj frcoly for eggs, the market is weakening. _ Canterbury Egg Circle first grades Tealised 2s 6d, seconds 2s sd, preserved la 6d per dozen. 1

This -was the history of a man as given to a Magistrate in England: Son of London man and Cossack woman. Born at Moscow 1880. Adopted by Englishman in Italy. Taken to India; served thero in K.'F.A. Fought later with Japanese Army against Russia. Took to journalism in England. Joined Xicaraguan Army and -vvent through rebellion. "Was in Alexico when present waj. declared. Joined British Amy.

last week, to-day. £ a. d. £ a. d. 2 per cent. Imp. Con. 5G 2 6 6G 10 0 0 per cent. War Loon .. 93 2 C 94 10 0 3 per cent. War Loan .. 87 2 G 87 10 0 N.S.W. i's, 1933, Jan.July .. .. 82 10 0 81 6 0 N.S.W. 3J'e, 1930-50, Mcb.Sept. .. .. 70 0 0 70 2 6 N.S.W. 3J's, early cor- " rcncy .. .. 100 7 G 100 10 0 N.S.W., 3's, 1926, Apl.Oct. .. .. 70 15 0 71 0 0 Vio. 4's, 1929, Jan.-Jly. 98 2 G 98 17 6 Vio. 3$'s, 1921-6, Jan.Jilly .. .. 87 0 0 88 15 0 Vio. Si's, 1929-40, Jan.-JJy. G9 5 0 69 5 0 Vio. 3's, 1929-49, Jan.-Jly. 62 2 G 62 2 6 Qland. i'a, 1915-29, Jan.Jtily .. ..91 10 "0 91 10 0 Qland. 3J'a, 1921-30, Jan.Nov. .. .. 89 10 0 89 0 0 Q,land. 3's, 1922-47, Jan.July .. .. 63 10 0 G2 10 0 N.Z. 4'e, 1920, May-Nov. 85 15 0 . 86 7 6 N.Z. 3J'a, 1940, Jan.-Jly. 73 5 0 73 10 0 N.Z. 3's, 1945, Apl.-Oct. G2 15 0 62 7 G SJl. 3£'e, 1939, Janu-Jly. 73 2 6 73 0 0 S.A. 3's, 1916 or after, Jan.-July .. .. 57 0 0 57 2 6 .Tee. 3J's, 1920-40, Jan.July .. .. 72 15 0 72 15 0 Taa. 3'a, 1920-40, Jan.-Jly. Go 0 0 65 0 0 1 W.A. 3J's, 1920-35, MayNov. .. .. 75 5 0 75 2 6 W.A. 3's, 1915-35, il»y- .. .. 63 S 0 68 0 0