COMMERCIAL.

Evening Star, Issue 14226, 27 November 1909, Page 5

COMMERCIAL.

THE IKHONA COMPENSATION CLAIM. Tress Association—By Telegraph—Copyright. STJPETERSBURG, November 26. The Russian Prize Court have awarded the British India Company £61,994 for the loss of the Ikhona, which was rammed by the warship Teretz in 1905, and the .South British Insurance Company £950 and the Now Zealand Insurance Company £16,695. ' .- NEW’ CANADIAN STEAMSHIP SERVICE.

Press Association—By Telegraph—Copyright,

OTTAWA, November 26. Tho representatives of trade* in Eastern Canada have applied to Sir W’ilfrcd Lanrier for aid on behalf of the Toronto Imperial Export Company's projected steamship service from Montreal, Quebec, St. John, and Halifax to Australia and New Zealand. A subsidy of £50.000 is suggested. It is proposed to make six voyages yearly. LONDON WOOL SALES. Press Association—By Telegraph—Copyright.

LONDON, November 25. (Received November 25, at 8 p.m.) At the wol sales the Goar clip realised 131, d and lid.

LONDON. November 26.

(Received November 27, at 11.15 a.m.) At the wool rales there is a strong mar ket and ken general competition. An ex cejlent selection of merinoes was offered.

NEW ZEALAND LOAN AND MERCANTILE COMPANY. Press Association—By Telegraph—Copyright. LONDON. November 26. After paying debenture interest and adding £55,000 to the resrve account, teh New Zealand Loan and Mercantile Agency Company have a credit balance of £6,730'. A dividend of 5 per cent, has ben declared and £360 has been carried forward. MONEY AND MARKETS. Press Association—By Telegraph—Copyright. LONDON, November 26. —Bank Returns and Discounts.— The Bank of England returns show the stock of gold coin and bullion to bo £35,240,000: reserve. £26.502,000; proportion of reserve to liabilities, 55.93. The notes in circulation total £28,494.000; public deposits, £6,920,000; other deposits, £40.450,000; Government securities, £14,413.000: and other securities, £24.184,000. Short loans are discounted at 4i per cent., and three months’ bills at 5J per cent. Consols are quoted at £32 ICs. —Colonial. Stocks.— The following are the quotations for colonial Government stocks, compared with those ruling a week previous ;

—Wheat, Flour, and Oats.— \\ heat : Ihe markets are quiet, but the tone is steadier, despite continued heavy shipments. Cargoes are well held, and' 38s 6d is asked ; 58s 5d was bid for an Adelaide-December shipment; 38s 3d is asked for January and February shipment ; 58s for February ancl March ; and 6d for steamer parcels, December and January. Small demand for Australian spot at 43s 6d. Flour ; Dull. Australian spot, 51s. Oats ; Quiet. La Plata, January and February, 14s 4d. —Butter.--Colonial butter is selling steadily at about Is decline, owing to the reduction of Danish to 129s and Argentine to 114s and 115s; unsalted, 116s to 117s. Importers are well satisfied with the quality of the now colonial, and consider it generally superior to that of last year. • —Metals.— Copper : £59 11s 3d ; spot, £6O 2s 6d ; three months, £62 ss. Tin : Spot, £142 ss; three months, £144 ss. Lead. £l3 2s 6d, Pig iron, 51s. —Sugar. - German, 12s 7d : first marks, 14s 7d. —Bradford Wool.— Bradford wool is firm. Spot: Fortvsi.xcs. Sixty-fours. 26,jd ; common sixties. 24N1; super., 2S^d. —Rabbitskins.— There is a strong market for ail furriers’ sorts, which are making 30 to 40 per cent, advance: cutters skins are about Id dearer. —Kauri Gum.— (Received November 27, at 8.30 a.m.) At the kauri gum sales 509 cases were offered and 120 sold at extreme prices.

the frozen meat trade. GISBORNE. November 27. At the annual meeting of the Gisborne Sheen Farmers' Frozen Meat Company, Mr De Lautour (chairman) stated that the combination among till the freezing companies should effect beneficial results in regard to the fair regulation of freights, insurance, and to some extent opening up new markets and the regulation of those now available. Personally ho had no great faith in the possibility of regulating the London market, but agreed that much good could be done by effective combined action at the port of arrival in order to see that the New Zealand farmer obtained fair treatment and that the English customer got what Ire wanted and- paid for New Zealand meat. He favored immediate action by such companies as would work to-gether. THE SOUTHLAND MARKETS. [Special to the Star.] IN\ ERCARGILL. November 27. Oats. The market is still quiet, but most of the offerings from the country were bought up on a basis equivalent to Is 6d o.t.c.s. There is not a great amount left m Southland. To-day's prices were Is s'd o.t.c.s. for B grade, io Is 6d o.t.e.s. for A grade. Chaff.—The demand for this commodity continues slack, and quotations remain at 35s f to 40s o.t.c.s. for clean bright lines. Grass Seed.—There is still a little demand for export, but farmers do not hold much in hand. To-day’s quotations; Is o.t.e.s. for light and weedy lines, to Is 10d for heavy seed. Potatoes.—Market dead.

New South Wales 4 s ... Nov. 19. Nov. 26. ... 1071 108 New South Wales 34’s ... ... os; 984 New South Wales 3's ... ..! 3s| 854 1034 Victorian 4's Victorian 3t,’s 9?,v 984 Victoria 3's 80* 86 Queensland 4’s ... 104 104 Queensland 34's ... 974 984 Queensland 3’s ... 86 86' South Australian 34's ... ... 98.4 984 South Australian 3's ... 844 844 New Zealand 4's ... 1054 105* New Zealand 34’s ... 98ij 99 864 New Zealand 3's ... 86 Tasmanian 34's Tasmanian 5% m t West Australian 34's ... ... 98 93' t West Australian 3V ... ’88 88