COMMERCE & MINING

New Zealand Times, Volume XLII, Issue 9755, 3 September 1917, Page 2

COMMERCE & MINING

WELLINGTON STOCK EXCHANGE, SATURDAY’S QUOTATIONS.

FINANCIAL CABLES BANK AND STOCK EXCHANGE REPORTS By Telegraph—Press Association—Copyright LONDON. August 30. BANK OP ENGLAND RETURN. Tho Bank of England return issued for the week ending Wednesday, August 29th, is as follows; ISSRE DBPAETMENT. £ £ Notes issued 40,407,000 Govt, debt ,11,015.000 Notes in re- Other seourisorva 29,866,000 tics 7,434,000 Gold 51,824,000 £70,273,000 £70,273,000 Banking Depaetitbnt. Proprietors’ Govt, securicapital 14,553,000 tics 57,899,000 Public do- Other eeouriposits 46,526,000 ties 105,498,000 Other do- Notes in res. 29,866,000 posits 131,094,000C0in in res. 2,381,000 Rest. 7-day, & other bills 3,471,000 £195.644,000 £195.644,000 The leading items of the Bank of England return afford the following comparisons:—

CONSOLS AND AUSTRALASIAN STOCKS. Current quotations for Consols and Australasian Government stocks, compared with those of. last week and of August 31at, 1916, ares—•

•Interest payable in May and November. (■lnterest payable in January and July. payable in April and October. COMMERCIAL GABLES By Telegraph—Press Association—Copyright Australian and N.Z. Cable Association. (Received September 2, 5.5 p.m.) LONDON. September 1. Frozen Meat—Australian and New Zealand mutton 9id per lb, lamb 10id; South American mutton lOd, lamb ftd. Frozen Rabbits—The market is quiet and prices are unchanged. Hemp—The market is inactive. Prices are nominally unchanged. Rubber —Fine hard Para rubber, 3Jd per lb: plantation first latex crepe, 2s BJtd: smoked ribbed sheet. 2s 6Jd, Copra—Prices are unchanged. Tallow—ln stock 7320 casks, imports 2756, deliveries 2X43. LIVE STOCK SALES AUCTIONEERS’ REPORTS. . Loan and Mercantile Agency. At Rougotea on Wednesday we Lad a good yarding of both sheep and cattle. The bulk, of our entry sold at prices on a par with recent rates: Fair mixed hoggets 22= lOd. f.m. ewes in lamb 2Ss. discoloured yearling steers £2 14s, yearling bulls £4, £5, £6, yearling heifers small £2 14s, yearling heifers fair £3 14s, 18 —month heifers £4 15s, £4 17s 6d, 2-year S.H. empty heifers £7, £7 2s. fair store cows £5 15s, £5 18s, £8 ss, £7 2s, £7 sa, forward cows £B, £8 10s, £9 7s, light fat cows £lO 2s, £lO 10s. At Palmerston on Thursday we Rau a good yarding of both sheep and cattle. Sheop sold well, but store cattle failed to make vendor’s reserves on several lines. Other classes sold at lave rales: Mixed hoggets 23s fid, 2-tooth wethers 31s, aged ewes in lamb 15s, yearling steers £3 ss, 20-month heifers r.w.b. £7 Bs, forward cows £8 ss, £3 17s fid. fat cows £ll 10s. £l2 ss. £l2 17s fid, good dairy cows £l3, springing heifers (good) £8 17s fid, £9 ss, £9 12s fid, £9 15s, £lO ss, £ll 2s fid, £l2 ss. At Feilding on Friday a moderate entry of sheep and cattle met with a ready sale. Store ewes 21s fid, forward awes 265. medium hoggets 23s to 255! Id. mixed hoggets 29s fid, ewe hoggets 30s, small 2tooth owes in lamb 80s, light store cows £4 19s. fid, store cows £7 19s fid, fat cows £l6. At Mr Matthews’s sale at Baumai on Wednesday cows sold up to £l3 15s, aged gelding £l3 10s, and sundries at usual rales. At Dannevirke a clearing sale was held on behalf of Mr Denis Murphy on the farm at Tataramoa. There was only a moderate attendance of buyers, but the cows were young and in good condition and readily found buyers. We quote: Cows from £8 to £ls, the whole herd of 31 cows averaging £lO ss. A lamb was offered at the sale, presented by Mr Murphv for the Salvation Army tignch comforts, and realised £lO 13s. At Millar’s road yards on Friday we held our usual weekly sale, when we yarded a good entry of both sheep and cattle, to a fair attendance of buyers-. Competition was keen, and we cleared our yarding at satisfactory prices. We ouote: M.s. hoggets 31s to 255. empty ewes 21s, ewes in lamb 30s, 21-year steers (mixed) £ll, 18-month steers £7 12s to £9, empty 2i-year heifers: £B. empty 18-month heifers £7 10s, store cows £7 10s, cows in calf £7 Kte to £lO.

< — Bayers. Sellers. s d £ 3 d Mining— Murray Creek „.. — 3 i 0 -New iiKiver — 3 10 0 Talisman Consol 0 11 3 *0 13 0 investment— Bk. N.Z. (d£3 6s 8d)... 13 0 0 13 10 0 Bk. N.Z. (JE6 13s id) — 17 3 6 Loan and Merc, (ord.) — S3 10 0 Wn. Invest T- and A. — 0 12 0 Wn. Trust Loan — 6 5 0 Chch. Gas (.£5) 6 0 0 — Wn. Gas (dilOj — 13 0 0 Huddart-Parker (ord.) Westport Coal — 1 U 0 . — 1 9 6 Loyland O’Brien 16 6 — Golden Bay Cement... — 1 1 0 *Cum. d:v.

This Dost Last week. week. year. £ £ £ Bullion 61,824,000 61,633,000 64.405.000 Reserve 32,247,000 32.669,000 38,496,000 Note QlroTtlon 40,407,000 39,934,000 36,152,000 Deposits 177,620,000 171.945,000 154,602,000 Proportion ol reserve to liabilities . 18.21 19-00 24^91 THE : MONEY MARKET. This Last Lost week. week. your. per cent. per pent, per cent. Bank rale 1.... .... 5 5 6 Short Doans .. .... 4* 4i 41 Three months’ bills .... 4| 4J 5g

Year Stoo'f. Ihi> VMk Wnkago. - Asa & d. s d. & a d. 59 0 0 69 2 0 60 0 0 o~% I. \V ar i>oan 94 10 i: 94 10 c 94 10 c 94 10 <> 03 10 34% I. War Loan rtf 10 t 47 lu I SO 10 0 »$ 6 o 83 s 0 83 15 84% New Zealand! 73 7 73 7 1! 79 5 0 9% New Zealanxf 04 0 0 $4 0 (! ■88 0 0 82 17 9 m if e 80 0 0 34%Now 3. Wales 07 12 0 97 18 0 96 5 0 34% „ 1933-50 70 7 c 7u 7 e 74 IT 9 3*fo NeWS. Wales 70 & li 70 6 t 73 6 0 OS 10 0 ».i 10 0 94 t 6 84% Victoria 34 id 0 84 10 0 89 b 0 8j% „ 1929-48 71 10 0 71 10 6 7ft 9 0 8% Victoria 8? .9 0 03 IS 0 60 5 0 94% 8th. Australia 78 2 0 78 0 0 U 10 0 8% 8th. Australia 67 10 0 57 10 if 91 15 « 4% Queensland IK) 5 (1 uu 6 00 3 0 84% Queensland 87 10 0 37 0 0 88 5 0 8% Queensland 01 0 0 03 a 0 0/ 0 0 9i% W. Australia 74 7 9 74 u 0 7(1 IS 0 3% W. Australia 09 0 0 09 10 0 72 0 9 34% Tasmania 78 5 U 73 10 0 74 15 u 3% Tasmania 69 2 6 0 0 07 0 0