COMMERCIAL.

Hawera Star, Volume XLVII, 18 November 1927, Page 9

COMMERCIAL.

DAIRY PRODUCE. LONDON QUOTATIONS. Mr W. H. Kent has received from Messrs A. J. Mills and Co., the following cable from London, dated November 17: Butter —Market firm, with an improvement in demand. New Zealand butter is selling at 17Ss first, 174 s to 176 s first grade, 172 sto 174 s stored. The market has advanced on account of 30,000 boxes of Port Caroline butter, more or less water damaged, not being available for sale at present, thus making a temporary shortage. We expect a good demand to continue, but are doubtful if it will be with improving prices, although Continental butter supplies are now small and their markets firm.

. There is an improvement in demand for cheese. N.Z. finest 995, firsts 98s. Canadatian matured is fetching 100 s to 102 s, with current make at 90s to 98s. BANK OF ENGLAND RETURNS. BY CABLE—PRESS ASSOCIATION—COPYRIGHT. LONDON, Nov. 17. The Bank of England ret arms ate as under f—issue department.-—Note circulation £135,207,000. notes in reserve £34,659,000, total £169,866,000. Government debt £11,015,0(10, other securities tB. 135,000. gold coin and bullion £150,116,000, total £169,866,000. Banking department. —. Proprietors’ capital £14,553,000, the rest £3,229,000, public deposits £16,599,000, other deposits £98,713,000, .seven-day .and other bills £2OOO, total £133,096,060. Government securities £41,335,000, other securities £55,621,000, notes in reserve £34,659,000, gofid and silver coin £1.481,000, total £133,096,000Proportion of reserve to liabilities 31.30 per cent. ; isliort-dated loans 3£ per cent, three-month bills 4 5-16ths per cent. STOCK SALES. AT WANGANUI. Most entries at the Wanganui sale on Wednesday were- in the oatt'e iseetion. Entries of sheep were light, comprising fat sheep which were passed at auction. The entry of pigs wag a very small one also. Quotations: — Cattle. —Fat oows £6 17s 6d to £7 18s, fat and forward cows £5 to £6 2s, forward cow® £4 to £4 16s, .store cows £2 12s 6d to £3 9s 6d, 3-year P.A. Shorthorn steers £7 ss, 3-year P.A. (steers (small) £5 2s 6cl to £5 10%, 3-year Hereford steers (small), £4 15s. pigs.—Lisdit porkers 28s to 35 s, stores 17s, 21s, 22s 6d to 25s 6d.