COMMERCIAL.

Hawke's Bay Tribune, Volume IX, Issue 173, 8 July 1919, Page 7

COMMERCIAL.

BANK OF ENGLAND RETURNS. London, July 4. The Bank of England returns afford the following comparisons — Last week. This week.

London, July 4. The wool sales have concluded. There was keen competition througnout the series. Continental buyers operated freely for merino combings and M-oui-eds. Prices for merino combings fully maintained their high level. Faulty sorts, especially carbonising sorts, attracted French and Belgian buyers, and prices advanced ten per cent, compared with last series. Fino crossbreds fully maintained the last series’ rates, and medium strengthened during the series, < losing about equal to late rates. Low and coarse crossbreds were irregular, and prices on many occasions favoured buveis. Shabby lots declined ten per cent. Scoureds" and slipes were in good demand except low grades. 'len thousand bales of sheep skins were offered to-day, and all sold at fully equal prices to May rates. SHARES. Share Market.—Waihi, buyers 43/9, se.ieis 46j3; Grand Junction, buyers 19-, sellers 11. 3; Talisman, buyers 12 0, sobers 15, -. ‘ STUD SHEEP SALES. Sydney, July 7. Influenza and the shipping strike seriously affected the sheep sales. Although "the quality was good, many lots, including New Zealand and lasmanian. were unable to come forward. Bidding was weak and prices low. A Haddon Rig stud ram and a Canowie rain fetched 410 guineas each. MEEANEE STOCK SALE. Messrs. Eoadley, Son and Stewart, Ltd., report having heal their monthly stock sale at Meeanee yesterday, when they offered a good yarding of both sheep and cattle to a good attendance of We public. Sales effected were as follows: —1 2-ycar steer £9, 1 at £8 3/ -, 1 at £5; 1 fat cow £lO 2.6, 1 veal calf £2, cows in calf£ 6 15/-, £lO 5/-, £ll, £1 I, £ll 10/-, £ll, £9 5,-, £l2 10 z -, £7 5. -, £lO 10,-, £l2 12.6, £l3 2,6, £l2 10;-; cows in profit, £9 5, -, £8 5/-: cows with calf £l4 10/-, £l7 ; cow and calf £8 10/-, 2 empty cows fveaner heifer 37/-, 1 fat heifer £9 15/-, Holstein bull £7. calf 25/-, 1 bull calf 20/-, 12 fat ewes and heifers 28/- 34 forward ewes 20/-. 49 cull ewes in lamb 8/4, 20 m.s. lambs 19/-, 44 forward ewes 19/-, 49 fat owns 26,3, 45 forward ewes 18,-8, 44 forward ewes 16, 6, 34 at 14/1.

£ £ Coin 85,735,000 86,452,000 Reserve .... 27,050,000 27,070,000 Proportion reserve _ to liabilities 17.70 14.14 Notes in eirculation .... 102,110,000 79,948,000 Public deposits 20,044,000 24,558,000 Other deposits 137,715,000 160,925,000 Govt' securities 53,203,000 98,7U2,OOO Other securities 80,102,000 83,494,000 Short loans, 3J per cent. Three mouths’ bills, 3J per cent. LONDON MARKETS.