COMMERCIAL.

Taranaki Daily News, Volume LVI, Issue 19, 23 June 1913, Page 6

COMMERCIAL.

•mi E THE BANK OF ENGLAND RETURNS. ■ By Cable—Press Association—Copyright. . London, June 20. l Tlie Bank of England returns for the week ending Wednesday last are as follow: 1 Gold coin, £36,940,000. t Reserve, £28,711,000. ( Note circulation, £28,253,000. i Public deposits, £15,080,000. < Other deposits, £40,960,000. , Government securities, £12,758,000. j Other securities, £32,379,000. _ _ s Proportion of reserve to liabilities, ( 59.21. i THE MONEY MARKET. Bank rate, 4y s per cent. i Short loans, 3% per cent. Three months' bills, 4% per cent. I Paris, 3% per cent. Berlin, sx/a5 x / a per cent. i GOVERNMENT SECURITIES. The Mowing are the latest quotations { for Government securities:— ( 2Va per cent. Consols, £73; fall of ss. 4 per cent New South Wales, £101; un- ' changed. 3'/ 3 per cent New South Wales, £B9; fall of 10s. 3 per cent. New South Wales, £B2; unchanged. ' 4 per cent. Victorian, £99; unchanged. 3 l / 2 per cent. Victoria, £93; unchanged. 3 per cent. Victoria, £77; unchanged. 3'/ 3 per cent. South Australia, £B9; unchanged. 3 per cent. South Australia, £73; unchanged. ' 4 per cent. Queensland £95; unchanged. 3V» per cent. Queensland, £93; unchanged. . 3 per cent. Queensland, £76; unchanged. 4 per cent. New Zealand, £100; unchanged. 3'/ 3 per cent. New Zealand, £88; unchanged. 3 per cent. New Zealand, £77; unchanged . 3'/> per cent. "Tasmania, £88; unchanged. 3 per cent Tasmania, £81; unchanged. 3'/ a per cent. West Australia, £88; unchanged. 3. per cent. West Australia, £B2; unchanged. LONDON MARKETS. London, June 20. Copper.—Spot, 64 17s 6d, three months £65, electrolytic £69 ss. Tin.—Forward delivery £205. Lead. £2l 10s. Spelter, £22 ss. Iron, 555. Snorar. —German 9s sd, first marks 12s 3d. Bradford wool.—Unchanged: business restricted'. Flutter—Quiet. Danish.very firm 119s. I to 121s ,otliers unchanged. Colonial neglected owins: to plentiful suplies. Cheese.— Firm; New Zealand colored 595, white Cls Wheat is quiet. The reports of European crops are favorable. The market w steadied by pessimistic reports from America and Canada, where the drought has damaged the spring crop. An Australian cargo sold at 39s 3d. Australian spot has a retail demand at 39s 6d. , Flour is quiet. Australian patents, ' June shipments, are offered at 26s 3d. Oats are neglected. Finest A Gartons are nominally at 25s to 25s 6d. Beans are slow; f.a.q., 40s. 1 Peas.—Spot are scarce and firmly held 1 forward lots are easier; 41s 3d has been paid f.a.q. for a June shipment at Lon- ■ don. ; NEWTON KING'S WEEKLY REPORT. ! On Friday, 13th inst., at my Kaponga ' "iirds, there was a small entry, which [ sold as follows:—Store cows, small or j aged. £1 12s to £2, good stores and forward cows £3 7s to £-i 19s, fat cows ' £7 2a to £7 3s, mixed weaners £1 6s 6d ' to £1 13s (id, heifers in calf £4 10s, mare ' and foal £ll ss. At Raiiotu on Monday, 16, an off day. there was a fair entry, the whole of 1 which, with the exception of two lines 1 of in-calf heifers, being cleared at the * following rates:—Weaner steers (rough) J £1 15s to £1 lfis, good £2, weaner heiI furs £1 12s fid to £1 15s, heavy Short--3 liorn hull £7, yearling Jersey bulls £1 ' 15s, small store or aged cows £1 2s 6d * to £2, store cows £2 15s to £3 ss, for- " ward cows £4 2s 6d to £5 ss, springing ' heifers £4 17s 6d, nice line of 2M>-year Holstein heifers, all showing well forB ward and'in fine condition, £8 2s Oil. '■> On the same day, at my Uremii yards, * there was a small yarding, selling as fola lows:—Springing cow (guaranteed) £B, '• springing heifers £4 2s Od to £6, cows ' and calves £4 12s 6d to £5 2s 6d, II fat cows £6 3s 6d to £6 15s, bulls £2 " 10s, forward and small fat cows £5 to !l £5 10s, store cows £2 17s 6d to £3 10s, :' lambs 8s 6d. e CLEARING SALES. , On Thursday, 12th inst., at Stratford, q I had a very successful sale on account of Messrs Wickham Bros. There was a e fine attendance of the public, making r good competition for all lines offered, as e follows:—Butcher's carts £9 to £l7, old , £5 10s to £6 10s, long-shafter gig £8 ','. 2s (id, milk cart £5 2s Od, beef cart £9 „ 10s, chain harrows £4, breeding sows [. £4 17s 6d, boar £1 12s fid, chestnut geldl_ ing "Tom" £22 10s, "Espiner" £22, bay ,] gelding "Zam Buck" £2O, black mare j "Brownie" £l6 10s, bay gelding "Major" , £2B, bay gelding "Robby" £36, and other farm and butcher's cart horses from £9 \ to £l9 10s. Dairy cows, only a grade e herd, but showing good factory returns, sold at from £7 10s to £l3 ss, late „ ciilvers or aged £5 to £0 5s (averaging £8 15s for the line), in-calf heifers £4

10s to £0 10s, especially choice £8 12s Od and £8 15s. On Friday; 13th, at my jStratford yards, I conducted a sale on account of Mrs. H. J. Richmond and Mr. W. Say-1 well, both well-known Midhirst Jorßey breeders. There was a very representative attendance of buyers from all parts of the district, satisfactory prices being obtained for the whole catalogue. Pedigree Jersey cows made up to 59gns., pedigree heifers up to 28gns., pedigree bulls up to 27gns., grade cows up to £l2, weaners 34s to 37s 6d. At Opua road, Opunake, on Wednesday, 18th hist., for Mr. P. Walsh's clearing sale, I had a good attendance of the public. Owing to the shortness of feed in this district, competition was not so keen as at former sales, although a fair average price was maintained throughout. The herd of 33 cows and heifers averaged just over £7. Weaner heifers made £2 7s, Jersey weaner steers 14s, Jersey bull £2. On account of other vendors, dairy cows sold up to £B, cow in milk some months and empty £3 ss, line of mixed weaners (mostly heifers) £2 2s, heavy 4-year draught mare £33. On the same day, on the Palmer road, Kaponga, for Mr. S. McNeill's clearing sale, the held of 47 dairy cows, which ineluded a good number of aged cows, sold at from £8 to £l3 ss, aged or late calvers £4 5s to £6 las, making an average for the line of £8 ss. Weaner heifers realised £2 6s, hull £5, breeding sows £2 10s to £3, boar £1 12s fid, grey gelding £25, bay gelding £3O, spring cart £l6 ss, harness £4 15s, drill £26 10s, disc harrows £9, plough £6 10s,, chain barrows £3 2s 6d. At Kaponga on Thursday, 19th inst., for Mr. J. M. Steiner's sale, there was a very large attendance of the public, buyers arriving in big numbers from all parts, including a big contingent from the south. Mr. Steiner's herd of 75 cows were without dQubt a fine line, reflecting great credit on the vendor in his careful attention each year towards improving his herd and turning out the duffers. Bidding was very keen for all cows offered, the highest price obtained being £lB. A good number of fine Jerseys and Holsteins were amongst the herd, these selling at top prices. The average of £l2 4s per head for the herd of 75 cows constituted a record for this time of the year for Taranaki, and, indeed, will be a hard price to beat when feed is more plentiful. Best cows, early calvers, sold at from £l4 to £lB and from £lO 10s to £l3, late calvers £7 5s to £9 10s, pedigree Jersey bull, "Jack Johnson" 19gns, grade Jersey bull £5, mixed weaners £ 1 14s. Kaupokonui dairy shares 15s and 16s Oil, 2-year filly £lfi 10s, foal £l3, nine-year gelding £24, unbroken mare £l4 10s, fi-year mare £35 10s, mare in foal £27 10s, breeding sows £2 17s Od to £3, store pigs £l7 to £lB, drill £2O, tip dray £l4, milk waggon £32, jacks £3 10s to £3 15s, mower £lO, disc harrows £5 ss, s.f. plough £4. Private sales.—Since my last report I have sold privately a , s follows:—Fat cows £6 15s to £6 10s, £6 ss, £6, cows and calves £O, vealers £2, bulls £8 Bs, 2 1 / a -year in-calf heifers (picked lines) £6 10s, £0 8s 6d, £0 7s and £6, forward cows £4 10s to £5, mixed weaners £2 7s Od, forward bullocks £7 2s 6d to £8 15s, dairy herds from £9 10s to £l2, the higher-priced he'rd being a choice line of Jerseys; ewes in lamb 10s 6d to 15s, fat wethers (in big lines and in good demand) 17s Od to 20s, store wethers 13s to 15s 9d, lambs (good enquiry) 10s Od, 10s, 9s Od, 9s 3d, 9s, 8s 6d, also several fields of turnips at from £2 10s to £3 5s per acre.