COMMERCIAL.

Poverty Bay Herald, Volume XXXVIII, Issue 12585, 16 October 1911, Page 7

COMMERCIAL.

(Press Assn.— By Telegraph.— Copyright.) LONDON,:"'. October 14. The wheat market is stencly. - On account ol the. continuous frosts m .• America,. Argentina cargoes hre hardening:. An Australian cargo sold at 36s 3d; holders' are asking 36s 6d foi a South Australian August Khipmcnt and foi a' New , South ' Wales October 15th shipment; 34s 104 d has been paid for a parcel afloat, and 35s 3d i^ asked for September-October shipments. There is a fair inquiry for. Australian (on spot), and 37s has, been paidf The Danish" butter inaPket is dull and irregular at 'about 148s. Choicest colonial" salted is quoted at from 132s to 134, and unsalted at from 134s to' l36s.' Tiie continuance oflhigh prices is rendering buyers somewhat nervous: Cheese- is dull. • Canadian September ship ment, 695. '-'■'■< '• '- :,: The Bradford wool market is weak, and then is- little business; Spot 1 quotations: Sixty-fours. 26d for superior (future deli-Very 23d) an'U. 25d for common; sixties, 24£ d (future delivery' _4Jd for superie* and 234d. f0r common); flftv-sixes, 21d; fifties, I74d', forty-sixes, 14d; forties, 13id. (Received October 16, 8.5 a.m.) .- iV",j.- r4;. „ LONDON, October 15. > The 'report of the ; English,j Scottish and Aus trafian Bank 'for the year, shows profits o "£215,712, out ,' of.jiwhich } interest on perpetua Stocks absorbed £99,676,' and £15,000 was placec to the. reserve fund. A dividend of 7 per cent was declared, £12»587y:was applied, to the can. cellatfon *of deferred deposits 1 , £10,000 to thf reduction of tho barfk premises account, £200( to plape " to vth,e .officers, guarantee fund, £710 C as bonus, 10 ' per centum to : the staff; and £31,583 was carried forward. The balance-sheet shows- the deposit ahd current account to be £5,358,629, cash and investment £1,910,988, bill: £1,322,249, and advances £5.802,464. WELLINGTON, this day. The High Commissioner's cabled .market re pprt, -dated London, . -14%' .Qctbber, "states : ' TIK nfutton market : iß- ; qiiie'ri!,aiicl" dulL'fdf.air qualities, but holders are firm. Canterbury, 4£d North Island, '3|d. • The lamb market is weal on account of supplies". of home-grown lamb being heavy - and lowering prices." New Zea land lambs. Canterbury ,Y's£-i other than Can ;.terbary, sd; SeotCh'lrtll, ■'■ifjd;^ "The* beef' fuo't ket is dull, with little demand, ■ and supfdle; are large. New Zealarid hindquarters 3id, Ne\ "Zealand torequartei's, 2fd. ; The "bUtter marke is rather quiet, oiv adcount of ' the. high prices. Buyers are holding back, expecting prices tgo lower. Danish, 1465; Siberian, 1275; Aus tralian, 1325. The 'ctiee.se --, market' 'is ' - quiet prices Being .slightly wenker.' ' Forward tran sections are very • liniitVcf at present quota tions, . but future prosjuvcts are .good. ' Cann dian, 69s 6d; Eriglisit'chqadar. 86s. "The. iiemj market is quiet, but Moderate business is do ing. New Zealand, is firm at last quotationsThe stock of New Zealand is 956'" tons. "Tin market for Manila has adwnced 20s, The. out put from Manila for' the >veek wa5. 20,000 bale of hemp. The ' quotations i for lilst •week, were.' New. Zealand, good ■ fair, on spot, peri ton. £19 15s; New Zealand fair grade, £18 15s; fail current Manila, £20; forward shipment, Nev.j Zealand good, fair,' £20; ■ New Zealand fail; grade, £19; fair durr.ont Manila, £20 ss. ;