COMMERCIAL.

Hawke's Bay Tribune, Volume I, Issue 45, 4 February 1911, Page 5

COMMERCIAL.

LONDON WOOL SALES.

(Received 4, 8.0 a.m.) London, Feb. 3.

The wool sales to-day included Waikohu, top price lOd, average 9d; Elderslie, top price 1/81, average 1/B|.

KEEN COMPETITION.

(Received 4, 10 a.m.) London, Feb. 3.

At the wool sales there was good competition, prices generally being maintained.

TILBURY RAILWAY. London, Feb. 3. The railway absorption gives the Tilbury company’s ordinary stockholders a perpetual 6 per cent, interest. A feature ot the transaction on the Stock Exchange is the rise of Tilbury ordinary shares from 129/- to 147/-. The general opinion is that unless the Great Eastern Company has received a very valuable consideration the absorption will be strongly opposed in Parliament. BANK OF ENGLAND RETURNS (Received 4, 8.30 a.m.) Bank of England gold coin is £35,453,000. Reserve, £27,216,000. Proportion of reserves to liabilities, 51.49. Circulation, £27,701,000. Public deposits, £10,953,000. Other eposits, £41,867,000. Government securities, £14,905,000.

Other securities, £28,808,000. Short loans, 3| per cent. Three months bills, 2 7-16 per cent.

Paris, 2f per cent. Berlin, 3| per cent. Bank rate, 4 per cent. CONSOLS AND STOCKS.

Consols, £79/15/-. New South Wales three and a halfs, £9B. Victoria fours, £103; three and a halfs, £97/10/-; threes, £B4/10/-. New Zealand fottrs, £lO4/17/6. Other stocks are unchanged. METALS.

Copper, forward, £56; electrolytic, £57/10/-. Tin.—Market flat, owing to heavy realisations; spot £193, three months £192/15/-. Lead. £l2/17/6. Iron, £49/5/-.

SUGAR. German, 9/1 ; first marks, 11/1. WOOL MARKETS.

Bradford wool market is quiet; 64’s 2/2, super 60’s 2/l|, common 60’s 2/Of. 56’s 1/9J, 50’s 1/6|, 46’s l/2f, 40’s 1/1-i. WHEAT AND. FLOUR. The wheat markets are dulL River Plate, India, Australia are all pressing sales. The only inquiry for near wheat is by buyers who are continuing hand-to-mouth, policy. Australian cargoes sold for 35/4| and 35/3. Holders are asking 35/3 for January and February shipments, sailers' 35/6, steamers 34/3 were paid. For January, February, March parcels there is small demand; Australian spot at 35/9,5. 35/3; Best New Zealand 33/- and 34/-; inferior 32/- and 32/6. New/ crop parcels, February shipment, are quoted at 32/6. The flour market is quiet, small business being done in Australian patents store -at 25/6, February and March shipments 24/- and 24/3.

CEREALS. Oats, quiet. New Zealand prices unchanged. La Plata, Feb-ruary-March shipment, 13/-. BUTTER AND CHEESE. The butter market is seedy, prices generally unchanged. Choicest Australian, salted, occasionally 104/-. .New Zealand, unsalted, 108/- to 110/-.

This week’s Colonial arrivals were 120,000 boxes, next week’s will be 130,000 boxes.

Cheese is firm. New Zealand" coloured, 59/- to 61/-. Australian white, 56/- to 57/- ; coloured, 58/-.

WELLINGTON WOOL SALES. [PER PP.ES3 ASSOCIATION. J Wellington, Feb. 4. The number of bales catalogued for Wellington wool sales next Tuesday is 12,700, as compared, with 16.358 in February last year.