COMMERCIAL.

Evening Star, Issue 14515, 5 November 1910, Page 8

COMMERCIAL.

o The secretary for the Money Crab t&porte that loans to the amount of £2BB and applications for nine shares -were granted at this -week's meeting of trustees. MONET AND MARKETS. Press Association—By Telegraph^CopyTight. LONDON, November 4. —Bank Returns and Discounts.— The Bank of England returns show that the stock of gold coin and bullion is £30,926,000; reserve, £22,098,000; proportion, of reserve to liabilities, 49.17. The notes in circulation total £28,607,000; public deposits, £6,570,000 ; other deposits, £38,412,000; Government securities, £14,331.000; other securities, £26,272,000. The Bank rate of discount is 5 per cent. Short loans are discounted at 4| per cent., and three months' bills as follows :—London, 4J- per cent. ; Paris, 1\ per cent.; Berlin, 4jj per cent. Consols aro quoted at £79 10s. —Colonial Stocks.— The following aro the quotations for colonial Government stocks, compared with those ruling a week previous : Oct. 28. Nov. 4. New South Wales 4's 105 1051 New South WiJes 3J's 98 98 New South Wales 3's ... -. 86 85J Victorian 4's 102 102 Victorian 3J's 98 98 Victorian 3's „ 85i 85! Queensland 4's 102! 102! Queensland 3!'s 98 98 Queensland 3's" 84! 84! South Australian 3i's 98!- 98i South Australian 3's ... -. 83i 83i New Zealand 4's 103.! 103£ New Zealand 3!'s 98! 98J, Now Zealand 3's 85J 86 Tasmanian 3£'s 99 99 Tasmanian 3's 86 86 West Australian 3J's 96 96 West Australian 3's 8G! BCi --Wheat, Flour, and Oats.— Wheat: The markets are dull and drooping owing to a decline iu America, the continuance of good rains in the Argentine, and a poor demand in England and the Continent. The sum of 36s is asked for South Australian October-November sliipment, 35s 3d for December-January shipment, 35s for January-February shipment, 36s '3d for New "South Wales steamer parcels afloat. From 12,000 to 15,000 quarters of Australian JanuaiyFebruaTy shipment have been sold at 35s lid, and a similar quantity at 355. There is" a limited demand for Australian 6pot at about 36s 6d to 375. New Zealand, 32s 6d to 34*=. Flour : The market is weak. Good patents on passage, 25is to 25s 6d, c.i.f.; spot, 26s to 26s 6d. Oats : The market is dull. New Zealand, unchanged; La Plata, NovemberDecember shipment, 12s 6d. —Butter.— The market is demoralised owing to heavy supplies and mugc;y weather. Dankh. 112« to 114s. The demand is confined to choicest. Australian salted, 104s to 106s; unsalted, 106s to 110s. The lower grades axe neglected, and are practically unsaleable. Secondaries (nominally), 96s to 100s. —Metals.— Silver, 25|d per oz. Copper: Spot, £57 10s; three months, £SB 10s. Tin : Cash and forward delivery, £167. Pig iron, 49s 10! d. Spelter, £24. —Sugar.— German, 8s lCd ; first marks. 10s lid. —Wool.— . The Bradford wool market is hesitant, consumers waiting for lower prices. Spot prices are unchanged. Future delivery : Sixtv-fours, 27d; super. 26! d; common 60V." 25.> d; 565, 22! d ; 'SO V 19i<i; 46'e, 15gd; 40'e, 14<1. WINE SUPPLY. FRANCE'S SERIOUS SHORTAGE. LOSS OF £20,000,000. LONDON. November 4. (Received November 4, at 9.30 p.m.) Messrs W. and A. Gilbey's survey of the vintage estimates that if will be onetenth of )bo average crop. In the Rhine and Moselle districts there will bo no vintage at all for champagne. Sauinur, Burgundy, or Chablis, and no brandy. There will be one-third of the usual vintage of Medoc. half a crop in Italy, and half to three-quarters in Spain. Australian supplies have been decreased by the duty on spirits, causing growers to distil'an increasing proportion of brandy for local consumption. France's loks by the failure of the vintage will bo £20,000,000. NEW SOUTH WALES GOVERNMENT STOCKS. REDUCTION IN INTEREST. Press Association—By Telegraph—Copyright. SYDNEY, November 4. (Received November 5, at 0.50 a.m.) The Government will reduce the rate of interest on Government stocks from 3f per ce.nt. to Z!, per cejit., as from November 1. A COATES'S COTTON DIVIDEND. Press Association—By Tele-rraph—Copyright LONDON, November 4. The report of Messrs J. and P. Coates, spinners, of Paisley, shows a profit for the year of £3,171,000" A dividend of 35 per cent, was declared. MOSGIKL WOOLLEN FACTORY COMPANY. In nubmitting the thirty seventh annual balance-sheet, the'directors say:—"The profit and loss aooount shows a balance (including the amount carried forward) of £6.351 12s !>], after writing off the sum of £3.000 for depredation and setting aside £1.500 to meet the cost of new machinery now on order. The directors recommend that a dividend of 6 per ce.nt. be paid, which will absorb the sum of £5,037 9s, leaving £1,344 3s 9d to b* oarried forward to the credit of the profit ■<:i\<{ loss account for the imw current year." THE SOUTHLAND MARKETS. fSi'Enu-. T'i rire Star.] INYERCARGILL, November 5. There is veiy little change to report in regard to the oat market this week. Holders are, however, more inclined to sell than they were seme time back, and a few storage lines haw changed hands. There, has been a good inquiry all round, but as soon as a few thousand bags are put on the market it is expected that prices will again como bark, as the new season is fast approaching. It would not be surprising to seo a fairly large surplus carried forward. To-day's quotations were: A grade Cartons, Is 9d, 0.t., cjs. ; A grade epartowl)Lllb, Is o.t., c.s. ; B grade, less. Ryegrass.—There is a fair demand for rood heavy seed from the mill, and up to 2s 6:1 0.t., c.s., is being paid. Ch-xff.—Good prime chaff is in good demand, but as farmers aro busy at other work there is very little, on offer. Prime lines are worth from £3 7s 6d to £3 10s. 0.t., c.s. Potatoes.—There is practically nothing doing in ]K>tatoes in Southland at present, ;:s there aro practically none left. Here* and there a grower has a few bags, and for these up to £9 per ton is being paid. "Here!" shoulod the railway official; " what do you mean by throwing those trunks about like that?" The porter <rasp?.d in astonishment, and several travellers pinched themselves to make sure that it was real. Then the official spoke again : "Don't you see that you're making big dents in this concrete platform?" Merritt: " Why, Johnny, it's lucky if you put your shirt on wrong side out." Little Johnny : " No; it isn't when your mother hzs told you not to go in-swim-