COMMERCIAL.

Evening Star, Issue 14214, 13 November 1909, Page 5

COMMERCIAL.

Ihe Standard rs ’ Paris correspondent slanv mat negotiations in connection with i Canal are now proceeding. . , Canadian Government promise to introduce legislation with a view to ftronglhoiimg tiio laws .-onceming .oniotnalK.ns which unduly ouh mm? nrhws. Mi Finch Mitchell, sc retarv for t!ic Ihmedm and Suburban .Mutual Money t uh reports ,ha; 1..,;:s to the amount ’. £Lx) ha\e been granted by the trustees since last report. SOUTH AUSTRALIAN LOAN, Press Association—By Telegraph—Copyright I,ON DON, November 12. (Received November 13, at 8.55 p.m. I .1 ho new .Ninth Ansnaiian loan of hail a million is fit ill uncleared. though it is being offered as low as £9O !(•«. and buyers have been asked to bid. MONEY AND MARKETS. Piess Associatun—By Telegraph—Copyright. LONDON, November 12. (Received November 12, at 5.30 p.m.) Bank Returns and Discounts.---The Bank of England returns show that the stock of gold min and bullion is £oE940,000: reserve, £22.844. C0D : proportion of reserve to liabilities. 50.71. The notes in circulation total £28.809 009public deposits. £5.854.0C0; other deposits. £39.175.000: Government se.-uri-Sm^ 58,0005 <,n<l vXhn : """ ri,kv -

The Rank rate of di.-cmini. ;# 7, per cent. 1

Miorf loan# are discounted a- -it pel cent., and three months' bills a," fellows ; —London. 41 per com. Cou-iols are. quoted at £B2 12# Gl. —Colonial Slocks.—

Flic following are the fo* 1 .colonud Government stocks, comparer] thof'C ruling a week previous :

\\ hcat : Iho markets are firm, upon stronger American advices and mmois of fiwt in the Argentine, hut- inactive. Australian. lander!. 42s 6d to 45s 6d : sailers, October. 41s; new crop—December and January shipment 38s, January and February shipment o7s 9d. February and .'larch shipments o7s 2,'. d, parcels of December and January shipment 38s. Hour : Steady, but- quiet. Australian— Tu London, o.ls ex store; Glasgow. no sales of now crop, old crop 235. Oats: Slow. La Plata. Jannaiv and 1-ennuiry shipments. 14,, l.'.d. —Butter,There is a demand for the best (salted) butters at from 112s to 118s: secondaries. 106s to 110s. Ihe Paparoa's .shipment is landing at USs. Danish. 130s to lo'A —Metals.— ' 'opper ; Spot. £33 3s (j c j . Dinv £59 17s 9d. Bead: The ini ports are 15.750 tons; Australian. 2.857 tons; exports-. 3.577 tons. Pi" iron, SIV ll;,d, ---Sugar.--linn. The speculative, market is less favorably owing la ,-mp reports from 1 ranee, Orman. 12s; first marks. 13s 9d. —Bradford Woo], TPadlord w.,01 is dull. Top makers advanced 1 d nip present and future 'nictations. but business is limited. --Kauri Gum. | Load veil Xovc-mlicr 13. at 8.25 a.m.i 1 be -stock of kauri gum is 3dl ea.-cs. WFLBTXGTOX WOOL SALK. KKLX DKMAXD AXD KXf’FPTfOX M PRICKS, ' ‘ [Pr;u United Press Association.] W LLLIXG POX . Xnvember ]■? "TTift best sale over held in Wellington" sums up accurately to-day's wool sale-ihe first- o| the Wellington series I'm- Die 1909-10 season. The splendid rimer" of values set at Xapier was fullv maintained Taking quality for quality.’ pieces may have been cheaper, but lle'cce wool.- suitabln fo r America, having tin* neeossarv lighlness in condition, realised fully up to Dm best of the Hawke's Bay values; in lad. some of the buyers maintained that they had to pay more fur them. There weie many lines quite equal to the l- l(?st Hawke s Bay wools in characters essential for American trade, but, being nnskirted realised front Id to l]d less Hum thev would have done had thev been marketed properly. One line, sold al 12] d. would have realised, the buyer declared, fullv 14d bad the bellies nut been left in. This w.v- purchased lor America, but it will have tu be skirted and rcbalcd before being shipped. Two thousand eight hundred Ijaics wore ottered. Prices on the whole were l-)d to Id belter than they wore at the opening sale of last season. The extreme prices, up to worn fmvery light-conditioned half-breds. Good bright cross-breds went from to Is. according to condition; ordinary to medium from BJ,d to 9Jd ; coarse cross-breds. to 'Che sale was remarkable for the very few lots passed in. Bayers were present in stronger force than ever before. W hen juices soared above Bradford limits and came within the American range, the bidding was left to tire several operators for American houses, and if wool possessed the desired lightness in condition the limit price was given. The heavier-conditioned and light-conditioned non-skirted parcels were left to (he Bradford and local buyers, and hero the competition was strong enough to secure prices on a full par with London values. Prices averaged as under, tho figures in parentheses referring (o the 1908 sale;—Mcrinocs. 9.] dto lOd; halfbred- (7d to 3d), QJd to lojd; superfine cross-breds (7ld to Sdl.'lOd.to Lsd ; medium cross-breds (6]d to 7]<l), 8d to’lOd; c r, arso .-ross-breds (6d to GJd), 7d to 9]d ; inferior cross-breds picres and boliies, !2d to 3Jd), 44 6i.il • t locks (Id to 2id), Id to 4-id. *

THE SOUTHLAND MARKETS,

[Special to the Star.] INVERCARGILL, November 15. Oats: The position of. this market has remained unaltered, and very few sales haie taken place, owing to the scarcity of ircight lor the United Kingdom. Had this height been available, however, fair businws could have been done with London. 10-day s .'(notations were Is od and Is 6d, o.t.e.if, Chaff : Nothing much has been doing in this commodity, but a few small lines have been bought at up to £2 for prime. Grass seed : This line lias also been very quid, hut merchants have been doing a fair business in selling dressed seed hj (armors. Prices arc Is to Is ICd, o.i.e.s. Potatoes; At a standstill, and nothing doing. Nominal ((notations arc 555, o.t.c.s. HIDE REPORT. Messrs Dalgcty anti Co. report an follows At our lortnighlly sale of hides on Thursday wo submitted a- full-sized catalogue to a large attendance of buyers. Competition wacs exceptionally keen, and prices advanced fully ,jd per [h for all descriptions, Our catalogue was composed chiefly of iiu'dinm ox and cow hides, also a large number of calfskin#, which realised prices satislaetory to Iho vendors. We quote: Prime ox. I trl (o 71, d ; good, heavv ox, bid to 7d ; medium ox, 6jd tu 7d': light. Ckl to fa„d ; lie, -ivy cow, 6d to 7(1 ; medium and light cow,' 6d to lings, .-*( to (id ; stags, 4£d to sjd : sound calfskins. Bid to 9jd ; damaged calfskins, 5d to 7id.’’ DUNEDIN FRUIT AND PRODUCE REPORT. -Fruit.— j Ihe arrivals of i hemes, strawberries, j and increased supplies of encumbers, to- : inatoe#. and gooseberries have been responsible for more animation this week. Prices |<>! all line.-, are certainly payable, and these probably he Fully maintained. ‘I A™ I>v ' vill M? 0 t,u ‘ -Hiival of nearly COO cases of fruit ex Waikare and Warnmoo. it is unfortunate that the whole ol these shipments should come together and no other steamer due lor nearly a torimgh; following; it is certain to affect the market. Quotations :—Bananas : Tongan shipment- found ready hovers from Ss to 9s Ckl per case; Fijian's, to-dav's value, 12s; Rarotongan. 9s 6d to 10s. 'American : apples, : Values probably 15s to 16s Cxi per ! case. Oranges ; Market is solely supplied Irom Sydney; choice fruit is worth 1 5s to 9s 6d per ease. Mandarins. 9s 6d to 10s j txl. Sydney lemons, 8s to 9s. Italian lemons (due to arrive). 14s for half easePines ; Choice Fijian. 10s to 12s. Cocoa- ; a - s r u> 10 ' 6d per case. Tomatoes : Umicest Canterbury. Is 4<l to Is 5d per lb : Auckland, 9.1 to Is. Cucumbers. 6s to 8s per dozen. Green peas : Good demand, 4d to 0., d per lh. Asparagus. 4s to 5s 6<l 1 per dozen tor large bundles. Rhubarb : i Uose sale, .-Is to 6# per ewt accordin'- to l quality. j - -Produce.— j Potatoes : Light- supplies' of potatoes j have seen better market. and this! is somewhat- improving the values of I new potatoes. Best Up-to-Datcs. £5 10- ■ to £4; Derwents, £5 15s to £4 ss. New i potatoes—Peninsula. 21.d to 2,[d per II.; Auckland, 15s to ISs per ewt, ; New South. Ddco. 14s to lbs. Chaff; .Market hare, i lime heavy oat shoal, black for preference. up to £2 15s to £5 per ton : red'- 1 nary £2 10s to £2 15s. Fowl wheat'; 'Aluuc. 4s to 4s Id: broken, 3s Pd to 5s lOd. Oats ; Heavy feed, Is 9d to Is lid. Ufa. it- £3 ss. Pollard, £4 5s ton. Maize ; Best North Island grown 5- 6d to 3s P-d.

New <,T.tih Waifs it’s Nov. 5. \f>V. 1? . 107; 107; New South Wales 5V» or New South Wales .Vs • • . 8G 85.1 Victorian ‘Vs .. .. 105; ]!) v, Victorian 'it's 07; 07 ' Victorian 5's 8V u .1 86 Queensland 4's Queensland 5Vs 104 97.'. m \rii 36; Que-urland 5's ... ... 8fi" Scnili Australian 5Vs 98.' 93 ' South Australian 5’s Nov Zealand 4’s av; 105.'. an 105 New Zealand 3Vs ... 38-; ug;New Zealand Vs Ki 36* Tasmanian VVs 97 f: :)7 Tasmanian 5's .. 87;.’ 377; West, Australian 5Vs 971 yi\ West Australian ,V» ... 83 sn — \\ heat. Flour, and Oats.—