COMMERCIAL

Poverty Bay Herald, Volume LV, Issue 17173, 1 February 1930, Page 8

COMMERCIAL

BANK OF ENGLAND RETURNS (Elec. Tpl. Copyright—pfnited Erase Assn;) (Received February 1, 10 a.in.) LONDON, .Tan. 30. ’Haul; of England returns are:— Issue Dept. £ Notes jn circulation' .. 318,017,!)?" 3u banking dept. .. 02,110.57 b Total .. .. •• 410.184,0,47 'Government debt .. 11,01:1,100 Gothor Govt, securities . . 233,094,033 ’Otber securities .. 10,5C0,329 Silver, e,oi.ii 4,483,t?3{> ~ Total fiduciary issue.. 200,000,000 Gold coin 'arid bullion'.. 130,434,54? Grand total .. -110.134,547 'Banking Dept. . . Proprietor:': ’ Ckrpini'l •• 1.4 .0,04,) Rest ~ .. ■■ 3.587,849 Ollier deposits, bankers.. ‘<7. 1.t1.4,302 Other aisedurits ~.- • 35,087,303: Seven da v and Otlier . , ! bins ' Tota! .. .. 13(5,187/281 jGpVI. securities V • Discounts 'and advances u,000,P,2*.’Other securities .. 18/)i(!,44i Nofe .. .. •• 02,110,575 Golrl a.nd silver coin .. 29..,621. Petal ~ ...... •• . 1.30,187,281’ Proportion of reserve to liabilities, 52.50 per cent. Short loans, 4 per cent. Three months’ bills, 3 15/10 per cent. LONDON STOCK EXCHANGE (Received Feb. 1, 10 a.m.) LONDON, Jan. 31. Stock Exchange tjubtations are ju follow: Government console, £54; funding lohn, £B6 10s; war loan, £loo ss; Wimukion loan, £75 8s 94; Victory bonds, £93 10s; Commonwealth, £BS 7s Od, £9B 10s; 'Victoria, £6O, £6O os, £94Ms,-£BS 10s; £BO 17s <Jd; New SdtVth Wales, £9O, £B3 2s fid; £66 5sR W 7 2s .6d, £99, £95 ss;, Gueemslaml, £9B 7s ’M. £O3, £95 10s; New Zealand,, £93, £Bd os, £7B 2s 6d; £lO2 17s 6(1; ■South Australia, £BO, £sl ss, £9B 10s; -’Disinhiiiit, £77 15s, £76, £99 6a 3d; •VV-cSstcrn Australia, £96 10s. £B3 10s, S9a ss. NEW YGr’k MARKETS (Received Feb* 1, lO'a.m.) ' , jNEW VgRE;, Jan. 30. ■Gall (nohey wiis 4.per cent, all day. Wit'ent 'broke sharply,. due to a flood of lltiiiiclaticlh orders when discouraged '(ringhtilclcrslet. go. Ikxir Ipreign markets also contributed to, the - 'Wheat closed: March llip|, May 120 g, July 1222, September 124 J cents £ bushel. FRENCH BAN& RATB REDUCED Feb.- 1 ~ IB a.'ffl..) PARIS, .Tan. 30. The F’renrjh bank rate litis been Teduoed to 3 per eeiit. Moi&i' exchanges • r, . , (British Official Wirpless.) . Roc. 10 a.m. RUGBY, Jan. 30. , Rates of foreign exchange bn Lqndon to-day,.are as follow Rafis, 123£5 francs to the £1; New ViWk, 4.50 17-32 dollars; .Montreal, l f.ns db I jar s; Brpsfiejs, 34.935- belgas; 82.131 guilders; Milan, 92,98 lire; Berlin, £9;3(!o fclehm'ark's; Stockholm, . 18.125 kroner'; Copenhagen, ,18.19 kroner; Oslo, 18,31 kroner; Prague, ii&S Icroiicn; Bombay, l/s*d to rupee; Yokohama, (2/0 7-32 d to yen. MELBOURNE ipßdbtfCE MARKET (RcceiVed Feb. ,1, 10 a.m.) . , MELBOURNE, Bel). 1, , Wheat % as; 'flour, £l2 5s to £l2 10s; bra'u, £7,55; pollard, £8 Tos'; Uts, its % to ,3s Sd; /barley, 'English % utiehatiged; Jtaize, 6s fid. feilding stock sale (Per Press Association.) FEILDING, last night. Good yardings of store sheep and store cattle,at the stock sale to-day met with a good demand. Store lambs a/lViflGed. 2s a iMafi oil last- week. Good heavy bullocks Wre m'ticb in demand. Fat sheep: Lambs brought to 23s Id, 2-th prime b.f. 255, good weights 23s 4d to 24s 6d, medium to 235, ewes at- 19s, heavy wethers, shorn, 23s 4d to 24s 4(1. Store sheep: Two-tooth {nibs Made 34s lid, 2-th wether's, gooil, 22s to '92s 3d, mediufn 19s 7d to 20s fid, fat and forward 23s 7d„ wether lambs, best offering fetched 16s 2d to 16s lOd, other lines 10s lid to 12s, b-f- woolly lambs, goad,* l6s to ids 5(1, others 11s. lls Id, to 12s, b.f. rape lamb's, best, from 15s 6d to 1 £6s 6d, good 14s 9(1 to 15s 2d, others at) 15s. ",St<jro .'cattle; Jersey weanei; sold at $2 2s ,6d to £3 fa .'ditto ptbevs; C 3 Is. iS-infinth htfifors rAv.b- •£$ tp £6' ids, Jeniey. cows, £5 7s-to £5 1,45, g'ood_ 01-year Hereford bullocks to £l2, 10s, ditto P.A. b'u)lod*s- £l3 10s, Fat cattle: fthortlliorh heifers. heavy,’ vaelised £lO 7s 6d to £ll ss. lighter ,£5 f)S; Sbortlipi'p cows, 'heavy. mediitm £B, Jersey, cows, heavy £8 7s 6d •to £9’ ( 7s 6,(1, lighter £6- 10s to £7 17s 6d, poor £5 l2s 6d to £7. Hereford cows £7 2s 6d to £9 10s.

LONDON MARKETS

(Elec. Tel. Copyright-T-Unitcd Pross Assn.) LONDON, Jam 30. The butter market is slow. Danish is quoted at 1725,, others .are easier: choicest salted New Zealand 152 s to 1645; Australian. 150 s to 1525; mi,sailed New Zealand. 166 s to 17Cs; Australian, 154 s to 1555. The cheese market is dull. New Zealand colored is quoted at 88s to 89s, white 80s to 91s: Australian, colored 05s to ;87s, white 88s to 89s. . At the sheepskin sales, 3337 bales were offered. There was a fair .attendance.; The competition was poor and there were, many withdrawals. Americans wore the chief buyers. Compared with the Decern-, her sale, .merinos declined 15 to 20 per cent; Australian crossbred declined 15. to 20 per cent. : New Zealand crossbreds,■ 10 to 15 per cent. ; and poorer sorts, about ?0 pei cent. Brokers' reports Messrs. Murray. Roberts and Go.' are in receipt of llie following cable r'linn London under date 30th ii'i'at:—' “Sheepskins dec-lined 15 to 90 per cent.” Messrs. Dalgety and Co. have re-.' reived the following cable - messagefrom London, dated 30th inst: —“Butter: The market is quiet. Quotations: Danish, 172 s to 174s.per e-wt-.; New Zealand finest, 151 s to 1545; Australian finest, unsatfed 154 sto 1565; Australian finest, salted 149 sto .1555;. Australian, g.a.q., 144 s tp 148 s. There, is a fair demand for New Zealand finest on a basis of 1525. London frozen meat market: New Zealand prime Canterbury lamb, 28/3611)., 11-.{d; prime North Island lamb, 28/3611)., lid; prime Canterbury lamb, '36/421 b., 11R1; prime North Island lamb, 36/42!b., lid; prime Canterbury lamb, second quality, 10-Jd; prime North Island lamb, second (piatity, 9fd: prirtie'Canterbury lannb, 42/5011 1., Jlfd: prime North Island taurb, 42/501b.', lid; market for New Zealand lamb firm, demand continues; prime Canterbury mutton, 48/5611)., 7}d; prime North Island mutton. 48,/061b,. 7d; prime Canterbury mut-to'n, Sfi/64'f1).,' 7d; prime North Island mutton, 56/(54 lb., 6Jd; pi'iine Caiitefbhry mutton, 64/721b., 6Jd; prime ..Canterbury ewes, 48/6411)., 5.14; prime North Island, ewes, 48/6411)., ,54; market for New Zealand mutton very firm, deinaml moderate; g.a.q Australian lamb, 28/30 lb., yd, Australian lamb, 36/4211)., 94; Australian lamb', f.a.q., 28/3(ilb., 7|d'; Australiah iamb, third -'quality. 7(1; market for Australian lamb firm, do-, mail'd moderate; g.a.q. Australian mitt toil, 49/6011)., 5.7 d, 30/5511)., f.a.q., ,5-kl; Australian ewes, sd; market for Australian -mutton firm, demand fair; New Zealand prime ox beef, hinds 7.d, fores SJcT; Argentine chilled hinds 7|d, fores 54d; market for New Zea land beef, any change in favor of 1 ' buyers, demand lias -been cheeked by the increased.pirtecs asked; .English porkers, 80/1001b., I2d; New Zealand porkers* Sp/1001b., did; market for New Zealand-pork firm owing to light stocks; dojnatid. active.” . . Messrs. Dalgety and vo. have reeedy-f ed the foil owing" cable message from Londiffi, -dated 30th inst“ London sheepsicins sale: Ar sale’ there was a fair atle'nclaiice of buyers';' 3358 bales were offered and 2230 bales sold; competition was, irregular.. As compared;ivith the closing'rat es of last season, Australian merino 'skins were .1.5 per cent, lower, very little beyig sold; Australian entskbred skills, 15 fa, 20 per cent, loiver when sold, niost-h" withdrawn. There was a good demand; .for New Zealand best sort's'crossbred skins, which were 10 to 15 per cent, .lower; crossbred skins of other deseriptions; prices were 15 to’ 20 per cent, lower.” ma!tawher6 stock sale A SATISFACTORY DEMAND The demand for store sheep at. the Matawhero stock sale yesterday continued satisfactory after lunch, and taking all aspects into consideration the sale can be characterised as a satisfactory one. The total entry of store sheep was 4046, and the range of -prices afterlunch was as 1 follows: Extra good woolly rape lambs, 14s 7d; good rape lambs, 13s 7d and 13s fid; good conditioned 4-th wethers, £1 2s fid. TARANAKI (N.Z.) OILFIELDS, N.L. Taranaki (N.Z.), Oil Fields, N.L.,. report for January 30: — .“Gisborne No. 2 well: Cemented off leak in Bijn. diameter casing yesterTtsiy; expect to resume drilling Sun-, day." Messrs. M. A. Eliott, Ltd., have received cable advice of the following Smith field prices, for the week ended. January 31:—'"Best North Island; prime, lambs, U/3(ilbs .114, 3(i/421bs; lid, 42/nOlbs lOJd; ordinary North Island lambs, TT/42.0s I.OJd, second quality U/421bs JOG; best. North island- wethers and/or maiden ewes,; '4B/56ibs. 56/64lbs 7RI, ..64/721bs, '654, ,0/7211)? 6-|d;. ordinary North Island wethers, and/or maiden ewes, 48/50lbs 7ifl, 'fiC/64lbfv 7ifl, 64/72)1)3; (bid, 0/721bs 63d:-North Island owes,, TJ/04lbs SRI, 64/721bs dj-d, 0/721b,5. 4Jd; New Zealand prime ox beef (equal fores and hinds), 160/2201b5,L :njd. Remarks: Lamb, wethers, ewes (ind beef, no change.”