FINANCIAL CABLES.

New Zealand Times, Volume XL, Issue 8981, 2 March 1915, Page 2

FINANCIAL CABLES.

BANK AND STOCK EXCHANGE REPORTS By Telegraph—Press Association —Copyright LONDON. February 19. BANK OF ENGLAND RETURN. The Bank of England return issued for the week ended Wednesday, February 24th, is as under: — Issue department. >;otc Gov. debt ... £11,015,030 Issue £80.779,000 Other securities 7,454,000 Gold 62.330,000

Proportion of reserve to liabilities 30.09 31.54 61.41 CONSOLS AND AUSTRALASIAN STOCKS. Current quotations for Con/sols and Australasian Government stocks, compared with those of last week, and of January 15th last year are; —

•Interest jayable in May and flnterest payable in January and T -dy. paya.de In April and October. THE MONEY MARKET, This Last Laat week. week. year, per cent, per cent, per cent. Bank rats 5 6 3 Short Loan ... 1 1J 1J Three months* bills 17-16 17-16 21-16 •GRAIN AND FLOUR. Wheat is firmly held, but the market is quietFlour is steady. Barley, oats, peas and beans are quiet and unchanged. COLONIAL AND OTHER PRODUCE. Butter —The market displays a better tone. There are large arrivals of colonial, but slow discharge prevents a glut. Australian choicest salted 128 s, unsalted 130 s to 1325; New Zealand salted 130 s to 1325, unsalted 131 s to 1365. Cheese is firm. New Zealand 86s to 88sj best Australian, 84s. to 87s. Bacon is dull. Australian Cumberlands. about, 60s to 61s. Bradford Tops—The market is strong. Sixty-fours, 2i>id; super sixties, 28Jd; common sixties. 27id. Sugar is unchanged. METAL, MARKETS. Copper —On. spot, .till 7s 6d per ton; three months', A!6l 15s. Tin—On spot, .£177 10s per ton; three months', .£157 Ss. , Pig iron is quoted at 57s Id per tonLead —Soft foreign, £2O to £2O 2« 6d. LIVE STOCK SALES AUCTIONEERS’ REPORTS. Loan and Mercantile Agency.

At Kangiwahia on Tuesday wo* had a good entry of sheep and a fair vardiu-s of cattle, Bidding at auction was slow, but practically every line was cleared at late rates. We quote ;—Sheop; F.m. owes (low) 9s Sd. ditto 12s 3d to las, small 2-tooth ewes 14s 9d, fair 2tooth ewes 16s, fat owes Wi to 17s td, mixed 2-tooth» (small) 13s 6d, 2-tooth wethers 16s 2d to 17s 3d, fat wethers j9s 3d medium lambs 7s 10d to 8s 3d, cJd rams 5s to 7s 6d. f.m. rams 20s to J2. Figs: Stores 15s, slips IDs. Cattle: 18months steers T 4,2 i-year steexsi To 's fad. wcaners 255. , At Palmerston North on Thursday «e hud a good yarding of both sheep and cattle, which sold readily at lato rates. We quote:—Small b.f. lambs Os, woolly b.f. lambs 8s 2d, forward rape lambs ,12s, forward ewes 13s, 2-tooth wethers medium Ms 3d, discoloured yearling steers 33s 6d, yearling steers T2 15s, 18-montbs steers £3 Bs, 2-year empty heifers T 3 3s, i) j car steers To 15s, forward cows T 3 17s to T 4 9s, station-bred speyed forward £7 9s, light fat cows T 6, T 6 11s, springing heifers backward T 4 14s, light cows v uh calves £2 19s, bulls To 17e 6d to £0 395. We had a good entry at our annual Feilding sheep fair, and have to report a most successful sale. Buyers were r-’e-sent from Auckland, Waikato. Wanganui, Taranaki, and Wellington districts, and the sale went with a swing, prices being in favour of tbe vendors of the Rood q uality ewes. Inferior sorts were not Keenly sought after. With the exception of rj c small pen, wo quitted every line under the hammer. We quote: On account J. S. Parsons, Coal Creek, 549 4-year ewes 18s, 77 4-year ewes 15s, 246 2-tooth ewes 16s! 85 2-tooth ewes 155,; W. Clapham, Kiwitea, 208 3 and 4-year ewes 18s 2d to 18s 3d; F. B. Pickering, 252 2-year ewes 17s del; Geo. Smith. Coal Creek, 464 4-year ewes IGs 8d; A. K. Brown, Bluff road, 6tooth ewes 17s 9d; Shannon Bros., 134 2tooth ewes 17s 2d, 107 do. 16s 4d; Forlong and Suisted, 204 2-tooth ewe’sl 16s to 16s 3d, 384 2-tooth wethers 16s lid; Herbert Smith 139 4 and 5-year ewes 15s; W. 1.. Grice 52 4 and 5-year ewes IGs 2d; S. Hall. Coal Creek, 2-tooth ewes 15s 6d Other prices realised were small 2tooth ewes 14s 3d to 14s 6d, inferior 4 ai d 6-tooth ewes 13a 7d, aged ewes 8s lOd to 9s. fat and forward lambs 12s 2d, cull ewes 3s 6d to ss, During last week we held sales at Woodvilie (Monday) and Dannevirke (Friday). At the former there was a large entry of all classes of stock offering to a good attendance of the public, and although competition was not keen we effected practically a total clearance. At Dannevirke a large yarding of sheep again came forward (of which we had a fair proportion), but there was only a moderate entry of cattle- Cattle were extremely hard to quit, but sheep of all classes met with good competition. For the latter late rates were maintained. and wo disposed of the whole of oar entry at prices as quoted hereunder -. Woodville. —Full-mouth ewes (good). 14s; fat heifers, To ss; fat cows. £7. £€ 14s 6d. £6 10s 6d, T 6 2s 6d; forward bullocks, T 7 10s; empty heifers, £2 ss; yearlings, T 1 15s, T 1 10s. Dannevirke.—4-tooth to 4-year-old ewes Ms 7d. mixed aged ewes 12s 3d. 2-tooth ewes I3s sd. 2-tooth wethers 13s. woolly lambs on. 4s 10d. 3s 7d, cull ewes 3s. fat cows T 4 176 6d, fat bullocks T 6 10s. hulls to To, store cows T 1 2a to T2 14s. \ At our usual weekly sale, held at Levin on Friday, a small entry of sheep and a heavy yarding came forward. We report a good clearance at the following rates: —4-tooth ,K. rams. T2 2s-; fat cows, T 6 2s. T 7, T 7 ss; store cows, T 3 17s; 31-year steers, T 7 15s; 21-vear steers, T 7; 15-month steers, T 3 Ms 6d; dairy cow» to T 3; apringing heifers, T 6 146,

to «£7 7s 6d; meaner keifers, 22s 6d; weaaer et&ers. 22s Gd. At our Upper Htut sale last week we submitted a large yarding of both sheep and cattle, and had a largo clearance at satisfactory prices. We quote ewes, to 14s; fat lambs, 13s 6u to los 9d; store cows, 323 16s 6d to 324 ss; fat and forward heifers, ,£5 Is to 325 10s; fat and fonvard cows, JCG to 326 10s; cows and calves, 324 2s to 324 12s 6d; bulls, 32G 10s, 326 19s. to 327 7s 6d. Abraham and Williams, Ltd. We hold our monthly sale at Otaki on Tuesday last- There was a heavy yarding of both sheep and cattle, and all lots met with keen, competition, and practically the whole yarding changed hands at prices in favour of vendors. We quote:—Fat sheep. 20s. 20s Id; 2tooth wethers, 17s 4d; 2 and 4-tooth mixed. 16s 6d: store ewes, 10a. Us 3d, to 12s; lambsi shorn, 7s sd, 9s 4d, to 9s 9d; cull lambs, 5a sd; weaners, 245, 28s 6d. 33s 6d to 375; weaners, small, 15s 6d, 18s 6d. 19s, 225; yearling and 15-month heifers. £3 2s Gd; 15-month steers, 323 10s Gd; store cows, 322 13s, £3 ss. to 323 17s Gd; forward cows, £1 ss, 324 12a Gd, to £i 19s; fat cows, £5 10s 320, £6 ss. £B 7s 6d. 327. to £7 10s; bulls. 325 17s Gd, 326. At Levin on Friday we offered good yardings of both sheep and cattle. The attendance was not so large us usual, and bidding was inclined to drag. Several lines were passed at auction, but in most cases sales were effected before the close of the day. Quotations;— Light fat ewes 16s Gd to 18s, 2 and 4tooth breeding ewes 18s, small 2 and 4tooth ewes 15s 6d, good woolly lambs Ils, medium woolly lambs 9s 7d, cull shorn lambs 5s to 5s Gd. mixed aged ewes 12s 9d, forward ewes 13s, forward wethers 16s, fat cows 326 to .22G 10s, forward cows .£1 2s Gd to 324 15s, 3 and 4year bullocks 32G 10s, 2}-year steers 325 17s Gd, 18-month steers 324 Bs, weaners 20s to 255. small weaners 5s to 10s. Pigs—Baconers, 322 12s, <22 14s, 322 15s; porkers, 265, 275, 29s 6d, to 34s 6d: stores, 20s, 21s; weaners. Bs. 8s 6d, 9a, to 11s Gd. FBILDINO MARKET REPORT* A. H. Atkinson and Co.. Ltd., report a slack market for pigs and good values ruling for ali frhit lines. Potatoes wem easier in price. All grain and chaff lines show increased values* Quotation!*: Slips, 9s, 10s, to 12s; small porkers, 23s to 26s 6d; aged mare, 323 10s; hens, per pair, 2s, 2s Gd, to 3s; cockerels. 2s to 3s; pullets, 4s 9d; ducks, 3s 9d to 4s Gd Produce— Pig potatoes 3s Gd bag, prune table 3s Gd to.4s cwt; onions, 8s to 12s cwt; prime pears, 4s to ss, others 2s to 3s half-case; apples, 2s 6d to 3s; plums, 2s to 3s Gd; tomatoes, 4s; passionfruit, 3s 3d.

£80,779,000 £80,779,000 BANKING DBPABTMENT. Proprietors' Gov. securicapital £14,553,000 ilies £26,924,000 Public de- Other securiposits ... 26,925,000 tie3 102.932,000 Other de- No Wee 46,ob6,0u) posits ... 132,869,000 Coin 1,543,000 Heat, 7-day and other bills ... 3,608,000 £177,955,000 £177,955.000 Th© leading items of the Bank of England return afford uie following comparisons;— Tliis Lant Last week. ■week. year. £ £ £ Bullion 62,330,000 64,165,000 41,536,000 Reserve 48,099,000 49,829,000 32,845,000 rvote circTtion 34,223,000 34,167.000 28.210,000 Deposits 159.794,000 157.929.000 64,075^000

Stock. This week Week ago. f. s. d. £ s. d. 24% Imperial C’la 4 %New Zealand* 68 u 3 68 11 3 UK 13 U 93 15 0 34% New Zealandt 87 2 6 87 6 ‘6% New Zea and? 77 IJ (J 77 10 6 4% New S. Wales 10 5 0 99 0 0 3 j% New S. Wales 97 10 u 9/ 10 0 3*% .. 103 i*»0 o%New S. Wales 81 7 6 87 “ A 4% Victoria 91 6 99 0 34% Victoria 94 0 U 94 10 0 34% 1020-40 3% Victoria 79 0 0 79 0 0 3J% Sth. Australia 8) 0 0 H) 0 0 73 0 0 73 0 0 *% Queensland 09 0 u 99 u 0 34% Queensland 94 30 0 94 0 0 3% Queensland 7H 0 0 78 0 0 31% W. Australia 89 5 (J 89 7 0 3% W. Australia 83 15 0 83 10 0 34% Tasmania 89 0 0 89 0 0 3% Tasmania V 9 lb 0 79 Xo 0