COMMERCE AND MINING

New Zealand Times, Volume XLIII, Issue 10100, 14 October 1918, Page 2

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE. SATURDAY'S QUOTATIONS.

FINANC3ALCABL.es BANK AND STOCK EXCHANGE HEPOHTS. By Telegraph—Press Association—Copyright (Keceived OctODtir 42. .5.5 p.m.) LiONiXi'N, October Ik The Bank of England return issued for the week ended Weduesday, October 9th, is aa follows: . . . - ISSUE DEPARTMENT.

CONSOLS AND AUSTRALASIAN STOCKS. Current quotations for Consols and Australasian Government stocks, oompared with those of last week, and of October 11th, 1917, age:—

•Interest payable in May and November, tlnterest payable in January and July. payable in April and October. COMMERCIAL CABLES By Teleirraph—Press Association—Copyright Australian end N.Z. Cable Association (Received October 12, 5.5 p.m.) LONDON, October 31. Butter and cheese—The position is unchanged. "Wheat—The market is quiet. Little Australian is offering. Flour—Position unchanged. Colonial flour is not offering. Oats—Scarce, market inactive. Beans and peas—ln less request, stocks firmly held. Sugar—Prices unchanged. LIVE BTOCK SALES l_ / Dalgety and Co., Ltd. Dalgety and Co., Ltd., in conjunction with Messrs Wright, Stephenson and Co., Ltd., report having held a most euccessful sale in their Levin yards on Thursday, .October 10th, on behalf of the trustees of the late J. R. McDonald. As shown by the advertisement, 600 acres of the property had lately been sold, and the stock brought forward for the special eale was offered on an unreserved basis. The quality of the yarding all though—both sheep and cattlewas of the highest order, and competition under the hammer for each line offered was exceptionally keen, buyers being present from all parts of the district. The 4 and 5-year steers were an exceptionally good line of cattle;., the top lot, which made JCIB, boing in very forward condition. The principal Bales effected were as under: C pens of fat bullocks .£l9 12s 6d to .£2O ss, 100 4 and 5-year forward bullocks .£lB, 100 fairconditioned -1-year-old bullocks .£l6 5s to £l6 14s, 3 and 4-year-old bullocks jBM 12s, yearling Hereford-cross steers £8 15s to .£9, 9-month Hereford steers £7 3s to £S 7s, yearling Hereford heifers £7 8s to £7 10s, weaner heifers £4 8s to £A 15s. Sheep: One lino of 200 fat ewes made from 34s Id to 31s 6s, Btore woolly ewes 28s to 28s 3d, 250 woolly ewe hoggets 29s 7d to 31s 6d, prime fat ewes 33s 7d. medium mixed hoggets 37s Id. A mob of unbroken light draughts from 2 Jo 3-year-old made from .£l7 to ,£26 10s, unbroken hacks from .£7 to .£ls. Dalgety and Co., Ltd., Palmerston North, report having held their usual weekly 6alo at Foildmg on Friday, October 11th. Quotations-.—Mixed hoggets 28s 9d to 31s, email yearling steers £4 Is, yearling heffors .£5 12s to £6 ss, bnckward dairy cow 6 .£9 ss, forward cows to .£ll 6s 6d, 3-year steers SIQ 17s 6d to 17s. N.Z.L. and M.A. Co.

Tho New Zealand Loan and Mercantile Agency Co., Ltd., reports for the week ending October 12th, 1918 •■—'Wo neld sales at Himitangi, Apiti, Palmerston, and Foilding; also clearing sale on account of Mr John Donaldson. Rangiotu. and a special bull fair on Wednesday. We held a most successful ■ sale of dairy stock on account of Mr J. Donaldson, of Rangiotu, on Tuesday, the cows were rather low in condition, but the herd being recognised as one of tho best in the district, attracted a largo number of buyers and record prices- were obtained. The 67 cows In milt averaged

*220 13s 6d; best cows making *223 to *231 10s, good cows 417 to *222, others *612 to *Ol6, weak quarter cows *2B 10s to *l*. springing cows 49 to <227 10s, averaging *216 2-,year heifers in. milk *2ll 10s to *215 2-year springing heifers *2lO 10s to *2l4* 10s, Ayrshire bull 12gns, shorthorn bull Signs, pigs (boar) *24 ss, sow and Utter of five £lO ss. sows in pig 47 os, £8 to *213, weaner pigs *22 ss. At Apiti on Tuesday we had a tanentry. Sheep failed to make vendors’ reserves. Cattle sold well: Yearling steers J 26 5s 15-month heifers *26, 3-year empty jib. heifers *2B 3s 6d to £8 Cs, 2-year heifers £1 12s 6d to *27 16s, heifers r.w.b. jS7 *2B to *2B 10s, 2-year bulls *212, 4ycar s'.h. bull 20gs. In conjunction with other firms we hold the annual bull fair at Palmerston on Wednesday. The bulls, generally, showed the effects of the late spring, and were somewhat low in condition but, there being a good attendance of buyers, a very fair sale resulted. With the exception of two small lots, wo quitted the whole of our entry at the following pricesOn account iv. yil* morn* pearling Holstein bulls, logs &nu 19g S to 22gs; \V. Taylor, £iwilea, 2-ycar shorthorn bulls 26gs ,to 29gs; M. Creaven. aged bull Mgs;'other breeders, 8-year s.h. bulls 194 gs to 27gs and lOgs to *6gs, yearling bulls 7gs to Bgs. At our Palmerston sale on .Thursday we had a moderate yarding of both sheep and cattle. Bidding was dull and in favour of purchasers. Shorn store ewes 10s Id, light fat owes 7s. bad coloured yearling steers £8 12s 6d to 224 15s, yearling heifers *24 15s, springing heifers-*27 15s, *2B, to 410 10s, cows in calf £7 ,105. Tt Peilding on Friday we had a fair yarding of sheep and a heavy yarding of cattle Sheep owore inclined to drag, but cattle sold well: Ewes with lambs 27s to 36s fair hoggets 235, forward shorn ewes 34s 6d, empty shorn ewes (low; 345, yearlincr steers (small) 44 2s to -86 3a, yearling heifers *24 4s, 44 15s to 45 7s 6d. yearling s.h. heifers £6 10s, empty cows (small) 224 15s to *25 7s, forward cows *29 12s to *29 15s, springing heifeis B) 412, 413 15s, *215 10s to 2219 7s Cd, springing heifers, (small) *B7 15s' to £B, guaranteed dairy cows 41 0., *BIB ss, *215, *216 15s, 2817 10s, *2lB 15s to *220. WELLINGTON CUSTOMS. The Customs revenue received at Wellington on Saturday totalled 41967 8s ud. - ■■■. ■

Bajrars. «8 a A Seller*. Mining— 0 9 6 — 2 o 9 *■- vv'estland Gold Synd. 1 17 6 — i uvGstnnont — 59 10 0 5 13 6 — Auck. Ga<s (pd.) X 7 7 — —- 11 15 f) 0 17 0 0 18 0 National Insurance ... 3 7 6 3 10 0 Huddfirt-Parker (ord.) 2 0 0 2 0 6 1 1 3 1 1 5 Kaiapoi Wooll. (ord.) — 7 17 0 1 11 3 .— \Vi>stport-Stocl£ton. — 0 9 0 0 16 0 — Kauri Timber (33s) ... ■— 1 11 0 1 7 3 — Sharland & Co. <ord.) 1 8 6 — Sharland & Co. (pref.) 1 8 6 — 4 5 0 >~

Notes'issued 62,796.000 Govt, debt 11,015,QCO .Notes (in res 27,979,0u0 Otcer securities 7,434.030 Gold 72,326,000 « ■ £90,775,000 £90,775,000 BANKING DEPARTMENT Proprietors Govt, securicapital 14,555,000 ties 59.243.0GO Public fle- Other securlposits 28,528,000 ties 95,51,1.000 Other de- Notos in res. 27,979,000 posits 137,586,000 Coin in res. 784,000 Rest, 7-day & other blK s 3.050,000 £183,517,<KO £183,517,000 The leading items of the Bank oS Ensland return affottl .the following oompaii- | sons:— This Last Last week. week year. £ £ £ Bullion 72,326.000 71,375,000 53,227,000 Reserve 28,763,000 28.355.000 32i260,000 Note circTtion 62,796,000 62,252,000 41,678,000 Deposits 165,914,000 167,652,000 161,811,000 | Proportion of Beservo to

Liabilities ... 17.33 16.85 19.93 THE MONET MARKET. This Last Last ■week. week year. per cent, per cent, per cent Bank rate .... . 6 5 6 Short loans Si 35 4i Three m'tha' bills 3J 31 43

Stook. Thiswk. 1 Wk. ago. Yr.aeo| 2J po Imp. C'ls. ... 60 15 0 62 5 0 66 0 0 5 po I. War Loan 95 17 6 96 0 0 95 2 6 3} pc I. War Loan S3 45 0 88 15 0 85 12 6 4 po N.Z.* 69 5 0 8917 6 85 0 0 3J po tf.Z.t 77 5 0 77 5 0 73 7 6 3 po N.Z-t 67 12 6 67 7 6 63 0 0 4 po N.8.W. .. 86 10 0 86 10 0 82 5 0 3j pc N.8.W 99 10 0 99 10 0 99 5 0 3J pcN.S.W. 1930-50 72 5 0 72 0 0 70 5 0 3 po N.S.W. , 75 0 0 74 12 6 69 15 0 98 15 0 98 12 6 95 12 6 89 0 0 89 10 0 85 6 0 H po Vio., 1929-49 72 10 0 71 15 0 69 17 6 66 17 6 65 10 0 62 17 6 3J po Sth. Aug. ... 76 5 0 76 0 0 72 0 0 3 po Sth. Aug. ... 59 5 0 59 10 0 67 0 0 4 po Queensland 93 10 0 93 7 6 90 15 0 3i po Queensland 91 10 0 91 2 6 87 16 0 3 po Queensland... 65 10 0 65 12 6 62 2 6 3J po West Ana. ... 78 5 0 77 0 0 73 6 0 3 po West Aus. ... 73 10 0 73 10 0 68 10 0 3§ po Tasmania ... 76 6 0 75 10 0 72 5 0 3 po Tasmania . ... 66 0 0 66 0 0 65 7 6