COMMERCIAL.

Evening Star, Issue 14162, 11 September 1909, Page 5

COMMERCIAL.

I he secretary of the Dunedin and Suburban Mutual Money (Tub, Ltd. (Mr Hugh .Mitchell), reports that at the weekly meeting of trustees applications for eight shares were received and allotted and loans to the amount of £386 were granted. A half-yearly dividend of £2 8s and a bonus of 8s per share, together equal to 14 per cent, per annum, have been declared by the directors of the Bank of Australasia, payable on October 8. THE POTATO DISEASE. Association—By Telegraph—Copyright. HOBART, September 11. (Received September 11, at 10.45 a.m.) A Potato Disease Bill has been introduced in the Assembly. It divides the State into areas and provides for inspection. spraying, and reporting the disease. SOUTHLAND MARKETS. [Spkcial to Tun Star.] INVERCARGILL, September 11. Oats. the market is still very quiet, and very little is offering from the, country. There is no demand from London, Australia, or the North Island, and so hiiMiiess is at a standstill. Yesterday's quotations were Is 4/d for B grade to'is 5d for A grade, o.t.c.s. Chaff.—There is not much doing, and quotations are £2 o.t.c.s. Grass Seed.—The demand is not so good as it was a week or two ago, but heavy seed brings from Is for light to 2s 3d for heavy, o.t.c.s. Potatoes arc as slack as over, and nominal quotations are £2 ss. 0.t.c.5., for table lots. MONEY AND MARKETS. I’rcAsssention—By Telegraph—Copyright. LONDON. September 10. - Bank Returns and Discounts.— the Bank of England returns show the stock of gold coin and bullion to be £59.855,000; reserve. £29,466.000: proportion of reserve to liabilities, 52.68. The notes in circulation total £29,338,000; public deposits, £8,055,000;. other deposits, £47,818,000; Government securities, £15,329,000; and other securities, £29,346,000. The bank rate of discount is 2/ per cent. Short loans are discounted at -J per cent., and three months’ bills as follow : London,' 1/ per cent. : Paris, 1| per cent. : Berlin, 2J per cent. Consols are quoted at £B3 17s 6d. -—Colonial Stocks.— the following are the quotations for colonial Government stocks, compared with those ruling a week previous ; Sept. 3. Sept. 10. New South Wales 4's 107| 108 New South Wales 3j’s 98| 99 New South Wales 3’s 86/ 86/ Victorian 4's 104 104 Victorian 3i’s 93 gg Victorian 3's ggt ggi Queensland 4‘s 104] 104 Queensland 3/'s 97' 971. Queensland 3A ... ggt gg? South Australian 3/'s 99 gg South Australian 3's 84] 84/ New Zealand 4’s 107 107 New Zealand 3Ys 98/ 98/ New Zealand s's ggiTasmanian 3Ys 100 ICQ 2 Tasmanian 3's 37 37 West Australian 3/'s 99 gg West Australian 3's 89 89 —Wheat, Flour, and Oats.—• Ihe wheat markets are quiet and inactive, although sellers are willing to meet buyers. Ihe latter are looking for lower prices when the now supplies arrive in quantity. The American visible supply irs 17,526,000 bushels. Cargoes are dull. Australian afloat is quoted' at 41s to 41s 6d ; September shipment, 41s : new crop, Decembcr-January steamer and sailer shipment, 57s 6d. Australian spot is dull at 4cs 6d. Now Zealand—Longberry, 38s 6d to 40s : shortberry. 38s to 39s 6d’. 1 lour is in poor demand. Australian patent brands _are scarce, and are quoted in London at 32s to 52s 6d, and in Glasgow at 32s 6d. , Ihe oat market is quiet. Gartons and sparrowbills, 25s 6d to 26k; La Plata afloat, 14s 10/ d. —Butter.— The butter market is firm. Danish. 118s to 120s. A few of the best stored lots of colonial are selling at 104s to 112s. Ihe outlook is promising. —Metals.— Copper: Spot, £59: three months, £59 17s 6d. Tin : Spot, £156 ss: three months, £137 12s 6d. Lead, £l2 13s 9d. Spelter, £22 15s. Pig iron, 51s 1/d. —Sugar and Wool.— Sugar : German, 11s lOd ; first marks, 13s 9d. The Bradford wool market is firm, and prices are unchanged. ARMY MEAT SUPPLY. Press Association—By Telegraph—Copyright. LONDON, September 10. (Received September 11, at 8.30 a.m.) In the House of Commons Mr Haldane (Secretary of War), replying to Mr R. Hunt, said their experiments had proved that frozen and fresh meat were practically equal. There would, therefore, now bo no alteration in the meat supply rf the army. ' * 11A N K OF AUSTRALA Si A. LONDON. September 10. ißcieivcd SeptembcrTl, at 8.30 a.m.) The Bank of Australasia have declared a dividend of 12 per cent, and a bonus of 8s a share. They added £50,000 to the reserve, £12,000 to the premises account, and carried forward £16,900. AGRICULTURAL UNION. Press Association—By Telegraph—Copyright. LONDON, September 10. (Re ceived September 11, at 8.30 a.m.) Ihe South African Agricultural Union have resolved to communicate with other agricultural associations with a view to the formation of an Imperial Agricultural Union.