TRADE AND FINANCE

Hawke's Bay Herald, Volume XXXVII, Issue 12266, 13 October 1902, Page 3

TRADE AND FINANCE

LONDON QUOTATIONS. London, October 10. Bank of England returns.—Stock of coin and bullion, .£32,475,000; reserve, £23,030,000; proportion o£ reserve to liabilities, 4338; in circulation, £29,863,000; public depoisitß, £7,500,000; other deposits, £15,385,000; Government securities, £18,823,000; ether secntities, £23,940,000. Three months' billa are discounted at 31 percent. Government securities.—2} Imperial Consols, £92 17a 6d and £93 12i 6d ; Now "outh Wales, £lOl (lower); 3 Victorian, £95 (lower). Wheat.—Markets quiet. Continents! dull. Heavy exports are na&inteining price] of American. Copper.—Spot £sl 17s 6j, three months £52.

Tin—Spot £IU 7a 6d, three montln £ll3 12j Gi Iron.— oS3. Lead.-£lO 155. Su^ar.— First mirkj Sa 3d, German "slid.

WOOL MAEKET. London, October 10. The Bradford wool market is on. changed but is hardening.

COLD STORAGE COMPANY. Advice hag been received that shares o£ the Cold Storage and .'upply company, floated by Mr Harman Reeves, have been folly subscribed for in Durban and Pieterajaritzbnrg, with the exception of a few reserved for Australia and New Zealand. A cablegram states that Mr Reaves is leaving for Melbourne, Sydney, and New Zealand, his visit being in the interests of the Cold Storage and another oompany.

UNITED STATES CHOPS. The New York correipondeut of the Melbourne Argus writes:—"We are very fortunate in oar crops. Last year's record-breakirg yield of wheat (748,000,000 burhels) ia not equalled thii year, it is true, but we shall have about 650,000,000, and the annual average for six years immediately preceding 1901 was only 630,000,000. The greatest of our agricultural triumphs will be in the cornfields, if untimely frosts do not interfere. Offioial reports point now to the harvesting of 2,560,000,000 bushels maize, an unprecedented crop, the greatest yield heretofore having been 2,233,000,000, while the average for six years immediately preceding 1901 was 2,090.000,000. Last year we harvested only 1,522,000,000. Of the decrease of 106,000,000 dollars in our exports for the fiscal year that ended on June 30th last, 75,000,000 dollars is easily traced to this shortage in the crop, which affected the shipments (and prices) not only of corn, but also of ussf, beef cattle, and oats. The enormous crop now promised will ensure large exports of the grain itself, and also of the meats and meat produots into which maiza is transformed on the farm. At the same time the record for the yield of cats is broken by a crop of nearly 900,000,000 bushels (against 736.000,000 last year), a total of 800,000,000 having been exceeded only twice in the ps3t."

HOESE SALES. Mesira Wcnleyard Lananze report as follows on their sale held in their new yards (Tatteraall'i, Hastings) on Friday: —t» e orrerea v » norses to a good attenaance of buyers and others interested. All reliable animals of a good stamp met with keen competition, and we sold the bulk of onr catalogue at prices in favor of vendors. i'he new yards worked well and gave every satisfaction to both buyers and tellers. The following prices were realised: Heavy draughts made from £35 to £ll lOi, medium light draughts £2O 10j to £29 6j, light 'bus horses £ls to £lB, active trap horses £l3 2s 6d to £l6 10s, aged trap sorts £9 to £ll ss, light cobs £8 10a to £lO ss, stylish hacks £ll 5s to £lB, light hacks £7 17s 6d to £lO 7« 6d, agei hacks ehowir/g work £4 5s to £S 15s, weeds and.croiks any price from £2 to £3 103. Cur next saU; will be held on the diy following the show (Friday), whan we have an attractive programme to offer.

Willisms and Kettle, Limited, report as follows of thoir horse sales:—We offered 51 horses at Waipawa on the 7th instant, quitting a fair number at prices in favor of sellers. Young draughts made from £3O to £42, Messrs Hooken’s consignment averaging £39; hacks and harness sorts sold from £4 to £9 15s; tram sorts £ls to £lB. At our usual sale at Hastings on the 10th we offered 100 horses of varied quality and kind. All good, young sound hacks and harness horses met with ready sale. Draughts were not is keenly bid for as at Waipawa. A fair number, however, were disposed of either at or after the sale. The following prices were realised: —Draughts, light to medium weight (young horses), from £22 to £3O ; heavier waggon sorts, £3O to £37; shatters, up to £45; tram kinds, from £l3 to £2l 10a; buggy horses, from £lO to £2O; one pair of buggy horses, £4l; hacks, from £5 to £2O. The stallion Orphean, a very handsome, highly-bred roadster, realised 50 guineas, a price much in favor of the buyer. We will hold a sale of horses aud show stock on the 24th instant.

LIVE STOCK MAEKET. Messrs Abraham and Williams, Limited, report as follows: At Danevirke last Friday we again had a full yarding of cattle, including a few peas of nice quality bullocks and light beef, which sold readily under the hammer. Dairy Btock and old cows were dull of sale. Everything eke sold at prices equal to late rates. At Woodville on Monday stock oame forward in advertised numbers. A few pens of young cattle failed to sell, ownere' expectations of high prices not beinß realised, but the balance of the yarding changed hands at satisfactory prices.

At Pahiatua on Tuesday a somewhat small entry was submitted for this time of the year. Bidding at auction was dull, the bulk of the business being effected by private treaty, a large clearing being the result. At Palmerston on Thursday we had but a poor entry of stock, the sheep being mainly comprised of a line of useful hoggets, which were, however, in very rongh condition, and which sold extremely well. 'With the exception of a few pens of young cattle the balance were dull of sals. It is to be hoped that an improvement in the weather will re-aot favorably on stock transactions. Quotations At Danevirke.—Fat cows, £7 7s 6d; forward bollocks, £6 los 6d to £7; 2J and 3 year steers, £5 17s 6d; yearling steers £2 12s Gd; dairy cows, £5 to £9 ; springing heifers. .£4 15s to £5 6s; fat wethers, 16s; forward wethers, 13s. At Woodvills.—Springing cows, .£5 2s Gd to £7 10s; springing heifers, £5 15s; cows and calves, £3 12s 6d to £S 17s Gd; empty heifers, £4 3s; bnlls, £3 2s Gd; hoggets, 8i 9d; forward ewes, Ss. At Pahiatua. Fat OOWS, £6 2|; springing cows, £5 to £6los; springing heifers, £5 to £7; yearling eteers £2 9s to £2 12s Gd; 18-months empty heifers, £3 15s; yearling heifers, £2 10a to £2 14s 6d; weaners, 25s to 28s 64; bulls, £2 15s to £6 2s Gd; fat wethers and ewes, 13s Id ; ewes and lambs, 10s. At Palmerston.—Fat ewes, 12a 6d; Orona Downs hoggets, 7a Sd to 9s Id; cull hoggets, 4s; heifers in calf, £3 10s; backward heifers in calf, £3 7a to £3 12a; empty heifers, £3 7« Gd; store cows, £3 10s to £3 16s; yearling steers, £2 18s Gd to £3; heifers, £2 14s; weaners, 21a to 33a.