COMMERCIAL.

New Zealand Herald, Volume LV, Issue 16980, 14 October 1918, Page 3

COMMERCIAL.

LONDON MARKHTB.

MONEY AND PRODUCE RATES. Australian and N.Z. Cable Association. (Hoed. 5.6 p.m.) LONDON, Oct. 11. The Bank of England returns for the waek ended October 10, compared with the returns of the previous week, are as follows:— October 10. October 3. Coin £72.826,000 £71,875,000 Reserve 28,788,000 28,355,000 Note Issue . . . . 62,796,000 62,262,000 Government Deposits 29,328,000 30,525.000 Other Deposits .. 137,586,000 137,127,000 Government Securities 59,213,000 57,671,000 Other Securities .. 95,611,000 99,727,000' Proportion of Reserve to Liabilities ~ ,17.33 16.85 INTEREST AND DISCOUNT. Short loans aro quoted st Hi per cent., as against 31 per cent, last week. Tho rate of discount for three months' bills is 35 per cent., as against 3) last weekCONSOLS AND COLONIAL STOCKS. The following aro the latest quotations for colonial inscribed stock, and a comparison with those reported ft week ago:— Price. Variation.

BUTTER AND CHEESE. Butter and cheese arc unchanged.

CEREALS.

Wheat is Quiet. Little Australian is offering Flour is unchanged. Colonial is not ottering. Oats are acaico and inactive. Beans and peas, which are in less request, are firmly held.

MANAWATU STOCK SALES. The New Zealand Loan and Mercantile Agency Company, Limited, reports: — At l'almerston on Thursday wo had a moderate yarding of both sheep and catte. Bidclint: was dull, and in fr.vour of purchassfd; Shorn store ewes, ]0s Id; light fat ewosi 7s; bad-coloured yearling steers, £3 12s 6d to £4 fts; yearling heifers, £4 15«; springing heifers, £7 15a to £10 10s; cows in calf, £7 10s. , , , . At Foilding oil Friday we had a fair yarding of sheep and a hcaty yarding of cattle. Sheep were inclined to drag, but cattle sold well. Ewes with lambs, 270 to 88s; fair hoggctß. 28s; forward shorn ewes. 249 Od; empty shorn owcb (low), 14s; yearling steers, small, ±'1 2s to £6 3s; yearling heifers, £4 4s lo £5 7s 6d; yearling Shorthorn heifers, £8 10s; empty cows, small, £4 15s to £5 7s; forward cows, £9 12s to £9 IBs; springing heifers, good, £12 to £19 7s 6d; springing heifers, small, £7 IBs to £8; guaranteed dairy cows, £10 to £20 v

Abraham and Williams, Limited, report: — At Palmcrston North on Thursday wo had a moderate yarding of both sheep and cattle. There was a keen demand for all classes of cattle yarded, dairy heifers selling exceptionally well. We quote: Ewes and lambs to 30s id, hoggets to 265; forward cows, £8 10s to £10 2s fld; store . cows, £6 to £8 3s; springing hciferß, £14 to £18 ss; heifers, oalvpd, to £13; pure-bred Shorthorn bulls to 28gns. At Feilding on Friday, there was & large yarding of snoop and cattle. There was a good attendance of buyer*, and we sold practically the whole yarding at the following prices: fat ewes, 31s 6d to 88s; ewes and lambs to 26s 9d; mixed llogffets, 27s 6d to 325; mixed hoggets, small, 17s Id to 19s 4d; store oows to £7 3s 6d; two-year steers to £10 10s: yearling steers, £5 7s to £6; springing heifers, £8 to £9 15a; heifers, in milk, £7 to £8.

£ 8. d. s. d. Consols, 24 p.c 60 15 0 30 0' Britieh SJ p.c. War Loan 88 15 0 Same British 5 p.c. War Loan 95 17 6 i 6" New Zoaland 4 p.c, 1929 89 5 0 12 9* New Zealand 3} p.c, 1940 77 5 0 Hume Now Zealand 8 p.c, 1945 67 12 b 5 01 Commonwealth 4j p.c. .. 99 () 0 jo 0" Commonwealth 51 p.c- .. 1C1 10 0 Same W. Aunt. 81 p.c, 1920-35 78 5 0 25 Of W. Aust. 3 p.c, 1915-35 73 10 O Same N.S.W. J p.c, 1938 . . 86 10 0 ! 6* N.8.W. Si p.c, 1930-50 . . 75 0 0 60 0« N.S.W. 3 p.c, 1935 .. 72 5 0 47 6 1 " 8. Aust. 31 p.c, 1930 ., 76 5 0 5 0+ S. Aust. 3 p.c, optional 59 5 O 5 0' Tasmania* 3) p.c, 1920-50 76 5 0 5 0' Tasmiraian 3 p.c, 1920-40 66 0 0 SameQueensland 4 p.c. 1924 . . 93 7 0 Same Queensland 3) p.c, 1921-30 91 10 0 7 61 Queensland 3 p.c, 1922-47 65 10 0 2 6* Victorian 4 p.c, 1920 . . 08 12 6 Same Victorian 3} |>.c, 1929-47 72 10 0 15 0* Victorian 34 p.c, 1921-2G 89 0 0 10 0' Victorian 3 p.c, 1927-49 66 17 6 27 6t 'Lower. 1 Higher.