COMMERCIAL.

Taranaki Herald, Volume XLIX, Issue 11785, 7 October 1901, Page 3

COMMERCIAL.

United Press Association.— By Electric Telegraph.— Copyright. Received October 4, 11 p.m.

London, October 4.— Following are the Bank of- England returns for the week :— Stock of gold coin and bullion, £36,081,000 ; reserve, £25,386,000 ; proportion of reserve to liabilities, 48.61 per cent. ; notes in -circulation. £35,574,000 ; public deposits,- £10,875,000; other deposits, £41,204,000 ; Government securities, £18,022,000; other securities, £27,158,000. Three months' bills are discounted at 2% per cent. Consols are quoted at 93-J. Following are the quotations for Colonial Government securities :—: — Victorian 4 per cents., 11l ; 3£ per cents., 104. New South Wales 4 per cents., 113 ; 3* per cents., 102|; 3 per cents., 99 £. South Australian 3k per cents., 105 ; 3 per cents., 93. Queensland 4 per cents., 107£ ; 3£ per cents., 102 ; 3 per pents., 91 \ New Zealand 4 per cents., 112£ ; 3£ per cents., 108 ; 3 per cents., 97. Tasmanian 3£per cents., 104; Westralian 3* per cerits., 102. Wheat market dull, tending downward. Cargoes quiet ; Victorian and South Australian October shipments, 28s 6d ; afloat, 27s 9d to 28s 3d. ' „ „. Sugar, steady. German, 7s 6d ; first marks, 9s 3d. Tin, firm. Spot, £112 15s ; three months. £110 2s 6d. Copper, nominal. Spot, £64 15s ; three months, £64 10s. I Lead, £11 15s. ! Spelter, £16 16s 3d. Silver, 2s 2 13-1 6 d per oz. At the wool sales to-day inferior [selections were offered and prices 'well maintained. Denhopai, 7|d ; Acland, 7sd. Bradford tops quiet; common sixties, 19$ d ; super, 20Jd.-

Keceived October 7, 9 a.m

London, October 6.— There was a good offering of merinos at the sales to-day. Some trades were operating more freely, and prices of merinos were firm. Crossbreds were irregular, and low crossbreds barely maintained the opening prices. The Glenore«lip sold at sd, and the Taoroa at sid. The total quantity catalogued to date is 227,000 bales, of wliich 217,674 have been'sold. Kauri.— -In stock, 1497 cases. Hemp.— Quiet after the rise. Fair Wellington, September-October shipment, £30 10s. Copper.— Spot, £63 12s 6d ; three monthsr£6&;-«' Tin, _ ►Spot, £110 las ; three months, £lt>B ss. Lead, £ll'l7s 6d.

(Per Press Association.), Wellington, October s.— Mr Cameron Inspector of New Zealand Produce in London, in a report dated August 30th, says there is every likelfHood that butter and .cheese from the colony will have a good market during the coming season, especially butter, with a large demand at fair prices for both products. The season at Home has been rather unfavourable for the production of dairy produce, and there has been a deficiency in the make of both butter and cheese. Though Russia has been, sending greatly increased supplies, he does not tninK this will have any serious effect in lowering the demand for N.vO. nutter, as it will bo a considerable time before the Russian article can compete with N.Z. for quality and reliability. It, is, however, satisfactory to note that N.Z. producers have taken serious notice of Russian dairy development, and if the improvement this season in levelling up the quality of N.Z. butter is as marked as last year the result should thoroughly establish its good Cheese is capable of imuch improvement in packing, and 'factories should make half their output white and half coloured. To avoid smashing butter boxes must not be made. of lighter material than iD Wrftir?gton, October 7.— The AgentOeneral's cablegram dated 'London stn i S : _No alteration in the mutton or lamb market since last week. Beef is very dull : New Zealand hinds 3'} d. fores, 2fld. . Butter is steady. Chces's is dull. Hemp is steady. Lair current Manila £40; good fair Wellington. £:n. January-March shipment. -I—' Thoro is a stock of 208 tons against lOrW 1 . tons last year. __

Rill -heads, letter heads, envelopes on shortest notice at Herald office. 0

The Recreation Board met onFrida}night. Present : Messrs R. Cock (chairman), Govett, Hughes, and Ford. Apologies were read from Messrs Corkill, Newman, and Skinner. Tho custodian's monthly report was read and discussed. Mr Taylor, hon. sec. Patea Domain Board, wrote acknowledging donation of shrubs, it was that owing to the destruction of jouag plants by bares the secretary be authorised to issue special permits for snaring them. Messrs Cock and Govett were appointed a subcommittee to draw up a scale of prices for plan is, shrubs, and trees. Mr Hobbs, secretary of the Football Tournament, was thanked for a donation of £1 10s. The Band Contest Committee wrote, asking what terms the Board would grant the use of the grounds for two afternoons during the contest. The Board decided that it considered it could not make a less charge than £10 a day, and the Board relied on the liberality of the management to pay a much larger amount should the contest prove a financial Buccess. A deputation of the New Tly mouth Cricket Club waited on the Board asking on what terms the Board would grant the use of the lawn for the season. The application was acceded to on the same terms as last year, viz., £2 10s for the season. The Football Clubs wero granted the grounds free of charge for a benefit match next Thursday. It was decided to close the grounds as from S ptember 30 for football, except under special circumstances. Mr Govett was requested to enquire the cost of labels for naming the principal trees and shrubs in the grounds. Mr Hughes was appointed overseer for the month.

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