COMMERCIAL.

Stratford Evening Post, Volume XXXIV, Issue 72, 18 November 1912, Page 6

COMMERCIAL.

' BANK OF ENGLAND RETURNS. (By Electric Telegraph.—Copyright.) (United Press Association.) London, November 15. The Bank of England returns for the week ending Wednesday last are as follows: — Gdld coin, £35,291,000. Reserve, £26,777,000. Note circulation, £28,300,0u0. Public deposits, £12,761,000. Other deposits, £40,813,000. Government securities, £I3,Udo,UUU. Other securities, £31,566,000. Proportion of reserve to liabilities, 49 95 ’ THE MONEY MARKET. Bank rate 5 per cent., short loans 33 per cent., tliree months’ bills 4 7-18 per cent., Paris, 3.) per cent., Berlin 5) per cent. LONDON MARKETS. London, November 15. Copper.—Spot £7B, three months £7B 15s; electrolytic, £B4 10s. Tin, £229 15s. Iron, 67s lOd. Spelter, £27. ■ , Sugar.—German 9s 6d, first marks 11s 9d. , . . The Bradford wool market is animated, and • crossbreds arc firmer on account of New Zealand shipments opening; 50’s 20d, 46’s 16Jd, 40’s 15d. Lead.—lmports 19,746 tons, exports 5682 tons. Silver, 28)d per oz.^ (Received 9.5 a.m.) London, November 17. New Zealand Cheese.--White 61s and 625, coloured 62s and 635. NEWTON KING’S WEEKLY REPORT. On Friday, Bth inst., at my Waiwakaiho yards, I had a good entry of cattle with a fair attendance of the public. The demand throughout was good for all classes with the exception of 15 month grade heifers, for these j there being no enquiry. Prices realised were:—l6 months steers £2 13s to £3 3s 6d, 15 month heifers from £2 9s to £4, nice Jersey heifers £4.175, hulls from £2 12s to £4 7s 6d, store cows (aged) £1 19s 6d to £2 15s, good £4 2s 6d to £4 11s, empty heifers (in demand) from £4 17s to £5 6s, springing heifers from £5 3s to £B, springing ■ cows up to £B. At my Uronui yards on Monday, 11th inst., I had a good yarding of cattle, including a good number of dairy heifers 'alia cows. These sold very readily at advanced rates. Competition was very good for store cows and empty heifers, with only a limited demand' for yearling cattle. Good springing heifers sold at from £7 10s to £8 15s, late £5 5s to £6 10s, small £4 ss. besf springing cows £8 to £ll 10s, aged £4 15s to £6 10s, aged store cows £2 11s to £3 2s, fat and forward cows £4 4s 6d to £5 15s, fat heifers £6 6s, fat bullocks £8 13s, empty 2 year coloured heifers £5 to £6, grades £4 7s to £4 9s, 15 month Jersey heifers £3 15s to £4 8s 6d, grades £3 2s to £3 7s 6(1, yearling steers £2 6s to ■ £2 16s 6d, bulls £2 7s 6d to £6, mixed ewes and hoggets 16s. At Stratford on Tuesday, Pith inst., I had a very heavy entry of all classes, about 1500, and a good attendance of the public. Five very good pens of 3 to 4 year bullocks, in forword condition, were yarded, and attracted considerable attention. These were all cleared during the day at £7 ss, yearling heifers and steers were penned in very big numbers, but were not enquired for, very low being cleared. Competition for empty heifers and food cows was very keen; a big numer of bulls were yarded, those available for-dairy purposes realised from £4 2s 6d to £6 ss, the balance being bought for the works at prices ranging according to weight, from £2 15s to £5 17s 6d. Several lines of 2) and 3 year steers wore disposed of at from £5 14s to £5 17s 6d, 2 year sfeers £4 14s, • other prices realised were: Jersey 15 month heifers £4 Is to £4 12s, grades

£2 19s to £3 16s, small £2 11s to £2 14s, 15 month steers from £3 Is to £3 6s, and £3 13s for a few big Shorthorns, small fat cows £6, empty 2 year „ Jersoy-Holstein heifers £5 4s to £5 9s 6cl, and for mixed grades from £4 2s 6d to £4 15s, cows (forward) £4 12s to £5 9s 6d, and for mixed grades from £5 6s, good stores £3 9s to £4 ss, aged or small £1 17s to £2 15s. ,

In the dairy yards best springing heifers realised from £6 12s 6d to £3 10s, others small or poor from £4 10s to £5 15s, springing cows from £8 to £9 12s 6d, aged £5 to £6 12s Gd. At Stony .Elver on Wednesday 1 had a very fair entry of cattle and a good number of buyers, who bought practically everything in the yards at the following rates:—ls month Jersey Holstein heifers from £4 2s 6d to £4 15s, smaller £3 12s 6d to £3 19s, grades £2 14s to £3 7s 6d, 15 month steers £2 19s 6d to £3 2s, dairy bulls £5 2s 6d to £7 2s 6d, others from £1 2s 6d to £4 7s, 2 year steers £4 8s 6d to £4 9s, empty 2 year Holstein heifers £6, grades £4 4s 6d to £4 10s, fat cows £6 Is, aged store cows £2 2s 6d to £2 10s, good stores £3 17s to £4 15s, empty Holstein cows £5 6s, springing heifers (best) up to £6 14s, small £4 to £5, slip pigs (for breeding) £1 7s to £1 17s, others 14s to £1 Is. Private Sales.—Business during the last few hays has been very good, sales being made as follows:—Springing heifers from £6 10s to £8 ss, dairy sows £9 10s (clear), store cows £3 15s to £4 2s 6d, fat cows. £7 to £7 6s, small £6, empty 2 year heifers £4 10s 6d to £4 13s Get, 15 month choice Jersey 'heifers £4 10s to £5 10s, 15 month steel's £3 to £3 Bs, 15 month mixed £2 13s to £3 3s, dairy hulls up to £9 9s, 2 year steers £4 10s to £4 12s 6d.

At Burnside (Dunedin) on Wednesday, Prime wethers made from 28s np io 31s 6d; prime ewes to 28s 6d; prime shorn wethers, 22s to 235. There were 173 lambs forward, a heavy increase on previous yarding®, 81 being the highest number previously penned this season. Owing to the large number forward, prices at the commencement of the sale were back 2s per head, but towards the finish they firmed up a little. 181 head of cattle were yarded, and although the best sold up to £ls 17s 6d, there were no very heavy weights forward. Despite the fact that the values recorded were not quite on a par with last week’s extreme rates (says the Otago Daily Times), the price’ of beef was nevertheless highly remunerative to .the seller, rates ranging from 37s Gd to 40s per 1001 b. There seems every prospect too that the high values now ruling for cattle will continue for some time to come, as we understand that inquiries are being made as to the prospect of securing live cattle and sheep for shipment to West Australia.