COMMERCIAL.

New Zealand Herald, Volume LV, Issue 16987, 22 October 1918, Page 3

COMMERCIAL.

LONDON MARKETS.

MONEY AND PRODUCE RATES. Australian and N.Z. Cable Association. LONDON, Oct. 20, The Bank of England returns for the week ended October 17, compared with the returns of the previous week, are as follows:October 17. October 10. Coin £73,435,000 £72,320,000 Reserve , .. 28,650,000 28,783,000 Not* Issue .. .. 62,797,000 82,796,000 Government Deposits 34,268,000 28,328,000 Other Deposits ..188,668,000 137,686,000 Government Securities 60,266,000 69.243,000 Other Securities .. 96.617,000 95,511,000 Proportion, of Reserve „ ,„ nn to Liabilities .. 17.06 17.33 INTEREST AND DISCOUNT. Short loans are quoted at 8} per cent., the same as last week, , , , The rale of discount for three months bills is 3t per cent., the same as last week. CONSOLS AND COLONIAL BTOCKS. The following are the lateßt quotations (or colonial inscribed stock, and a comparison with those reported a week aeo:— Price. Variation. Consols, 2} p.o 60 5 6 10 0' British 81 p.o. War Loan 68 16 0 Same British 5 p.o. War Loan 96 0 0 2 tit New Zealand 4p. 0., 1929 69 5 0 Same New Zealand 81 p.c, 1940 77 6 0 Same New Zealand Bp. 0., 194S 67 12 6 Same Commonwealth 41 p.o. .. 99 0 0 bane Commonwealth Si p.c. ~ 101 10 0 Same W. Auit. 8? p.c, 1920-36 78 7 6 2 6t W. Aust. 3 p.c., 1816-36 78 12 6 26» N.B.W. 4 p.e., 1938 .. 88 17 6 7 6t N.S.W. 3) p. 0., IC3O-50 76 2 8 2 61 N.S.W. 3P. 0., 1985 .. 78 0 0 16 or S. Aust. 8i p. 0., 1930 .. 76 6 0 Same S. Aust. ft P. 0.. optional 59 5 0 Same Tasmanian 8] p. 0., 1920-50 77 0 0 16 of Tasmanian 8 p.c, 1920-40 66 0 0 Same Queensland 4p. 0., 1924 . . 93 0 0 76* Queensland 8{ p. 0., 1921-30 91 10 0 Same Queensland 8 p.c, 1922-47 85 IE 0 sOt Victorian 4 p.c, 19120 .. 98 12 6 Same Victorian 81 p. 0.. 1929-47 74 5 0 85 Or Victorian 8} c, 1921-26 69 0 0 Same Viotorian 8 po„ 1827-49 67 6 0 76* 'Lower f Higher. BUTTEB AND CHEESE. Butter la very scarce. Cheese is plentiful. It is understood, that the purchase price of the Australian output was 10} d b.b. CEREALS. Wheat is Quiet. Flour is Unchanged. Oats are ouiet. Beans and peas are dull. English art slightly easier. RUBBER. Para, 8s ltd; plantation, 2a lid; smoked, 2s S!d. HEMP. Hemp is Quiet and unchanged.

NORTHERN COAL COMPANY.

SHAREHOLDERS' ANNUAL MEETING The annual meeting of shareholders in the Northern Coal Company was held yesterday, the Bon. E. W. Alison presiding over a good attendance. In moving the adoption of the annual report and balance-sheet, details of which were published in yesterday's Herald, the chairman expressed satisfaction that the company was once more restored to n sound financial position. There hod been a keen demand for coal during the' year, the company's output being 50,000 tons.' The working of the mines vraa being carriod ' on under considerable difficulty, owing to the shortage of experienced men, and of, vessels to shin the coal, but matters had I lately improved, and it was hoped that the output would shortly be increased, as the , demand for coal was likely to continue, to , be heavy The report and balance-sheet) wore adopted. The managing director, Mr. W D Holgate, gave details of the, i years work. The ratiring directors, Messrs.! A. Alison and 0. Ellis, and the auditors,. Messrs. Thompson and Grav. were re-elected. : i On the motion of Mr. Gnerson, a v»te of, ■ thanks was accorded the directors and staff for their services.

MANAWATO STOCK SALES. The New Zealand Loan and Mercantile Agency Company, Limited, reports:— At Feilding on fndSy we had a good yarding of both sheep and cattle, which sold at-late rates. Small hoggets, 17s to 17s 3d; ewe hoggets. 27s 6dt 18-month heifers, £5 lOai store cows, £7 8s i light fat cows, «* 10s to £11 16s; yearling ,8 H. bulls, £8 10s to £8 10a: 2-year Jersey bull, £9 Bs; 2-year Holstera bull, £8 6*.

Abraham and Williams, Limited, report: — At Palmerston North on Thursday, we had a small yarding of sheep and a fair yarding of cattle- Practically every lot was sold under'the Tiammer. We quote: Ewes with lambs, 84s to 35s 4d; forward ewes to 31s sdi shorn hoggets, 18s 6d; dairy cows, £8 7s fid. £10 10a to £14 6s - springing heifers, £10 to £10 Ssj hoifers in milk, £9 to" £10: fat cows, £10 to £11 2s; forward cows,, £8 7a fid to £9 10s: store cows, £6 Us. £8 15s to £7 17s 6d; 2-year steers, £9 lis to £10 8s: yearling steers. £6 6s, £6 139 to £6 IBs i 2-year heifers, £6 6s to £7. 6s;' yearling heifers* £3 10s to £6 Us. At Feilding, on Friday, the sheep market was a little easier, and only a few lots changed hands. There was a fair demand for cattle. We quote: Fat wethers. £2 6s; fat ewes, 23s 3d, 29s fid to 80s: fat b.f. hop gets, 23* 9d to 24s 4d: mixed hoggets. 21s 9d to 22s 7d; small hoggets to 17s: cows in milk. £10. £12 ss, £13 Ss. M to alt 2s 6d; springing heifers, £10, £12, £13 10s to £15; fat cows, £11 15s to £12 10s ; 18-month steers, small, £6 7a 6d; yearling steers. £6 69 to £6 2s 6di yearling heifers, £4 8s to' £5 6s: S.H. bull, £171 yearling S.H. bulls, £8 6s to £9 10s,

PROPERTY SALES. Messrs. Harrop and Medley will offer for 'sale by public auction, at their rooms, 16, Bhortlaud Street, at 2 p.m. to-day, bungalow of seven rooms modern conveniences, in Domett Avenue, Epsom, on .section having 101 ft frontage with depth of approximately 265 ft, renewable lease with 62 years to run; also four-roomed cottage on corner section, St. Heliera Bay.