COMMERCIAL.

Taranaki Herald, Volume LV, Issue 14013, 18 September 1909, Page 4

COMMERCIAL.

BANK OF ENGLAND RETURN**. By Electric Telegraph.— Copyright. (Received Sept. 18. 8.2. a.m.) LONDON, Sept. 17. Tlio Bank of England returns for the week ending Wednesday last are as follow ; — Reserve, €29,741,000. Bullion, £38,829,000. Note circulation, £29.021.000. l'uhlie deposits. £8,210.000. Other deposit.",, C 17.182.000 ; (J.n eminent securities, £1"). 329, 000 Other securities. C2«,896.000. Proportion of Reserve to Liabilities, .33.30. THE MONEY MARKET. The bank rate of interest is 2J per cent. Three months bills ar«> discountt -I at 1J per cent. The rate for hhor 1 loans is i per cent. GOVERNMENT SECURITIES.

fho following are the latest quotations for Government securities: — 21 per cent. Consols, £B.J 12s Gdd.V lower than last week. 4 per cent. N.S.W., (.108. I :ichanged. 31 per cent. N.S.W., £98 17s Od 2« 6(1 lower. 3 per cent. N.S.W., £80 10s>. Unchanged. 4 jK'r cent. ■ Victoria, £104. Unchanged. 3J per cent. Victoria, £98. Unchanged. 3 per cent. Victoria, £'8(5 10s. Unchanged. 3J per cent. South Australia, £91). Unchanged. 3 per cent. South Australia, £84 llh>. unchanged. 4 per cent. Queensland, LlOl ss. 5o higher. 3J per cent. Queensland, £97 10s. inirhungcd 3 per cent. Queensland, £80 10a. L ichanged. 4 per cent. New Zealand, £107 10*. 10s higher. 3J per cent. New Zealand, £98 15s. o^ higher. 3 per cent. New Zealand, £80 10s. 31 per cent. Tasmania, £100. Unchanged. 3 per cent. Tasmania, £87. Unchanged. 31 per cent. West Australia, £99. Unchanged. 3 per cent. West Australia, £89 ss. Os higher. LONDON MARKETS. Wheat. — The markets are less depressed, partly owing to the unlavourable weather, which is delaying the supplies of home-grown wheat and is partly the cause of the reduced crop estimates. American and Russian cargoes are firm hut quiet. Australian afloat is offering at 41s 6d, new crop 38s 6d to 40s. off coast 41s Gd, on spot quiet at 43s 3d and 445. Flour is dull and unchanged. Oats aie quiet. The La Plata Janu-ary-February shipment is quoted at 14s 3d. Butter. — The best butter is very firm, Danish selling at 121s to 1245.* Secondary sorts arc easy owing to the plentiful supply stored, especially Siberians. Unverified rumours are current that some of the season's contracts with New Zealand factories are about 107s e.i.f. There is no news of any Australian contracts. The opinion is freely expressed in the trade that early arrivals of choicest new Australian will fetch high prices, possibly 120s, but of course the market after Octobei will be largely dependent on the quantity of the Australian supplies. Cheese is dull. New Zealaud is quoted at 57s to 58s. Copper, on spot £58 7s 6d, three months £59 12s 6d, electrolytic £57 15s. Tin, on spot £137 10s, three months £138 2s 6d. . Iron, 5s 4d. Sugar. — German 11s 9d, first marks 13s Bd. Wool. — The Bradford wool market is firm and confident. Common sixties 27id, super 28) d. The Antwerp sales have closed. Crosshreds are 10 per cent, in advance over the July safes. 4221 bales of La Plata were ' offered and 2093 sold, besides 300 sold privately. Sheep Skins. — At the sales 6000 bales were offered. There was a good attendance, and an animated competition. Practically all lots were sold. All classes of combings advanced 3Jd, clothings id to id. The Local Government Board has accepted the label submitted by New South Wales for pork, thus permitting the immediate importation of Now South Wales pork into Great Britain. NEWTON KING. Mr. Newton King's weekly auction report dated September 17, states:— At the Haymarket on Saturday last there was a good entry of pig B , small weancrs made 10s 6d to 12s, small stores 15s to 18s, good do. 21s to 31s. Several horses sold at prices ranging from £1 os to £4 10s. At Urenui on Monday weaners made 22s to 29s 6d, mixed yearlings 33s to 3<s 6d, 12 to 18-months steers £2 4s to £2 8s 6d, empty heifers £2 15s 6d to £2 18s, springing heifers £3 10*. to £6 os, store cows £2 4s to £2 18s, forward do. £3 to £3 Bs, fat do. £4 4s to £4 15s, springing cows £3 10s to £9 10s, 3-year bullocks £4 2s, fat bullocks £5 Us to £6 2s 6d, hoggets 11s, 6-tooth wethers 11b 9d At Rahotti on Tuesday there was a fair yarding, weaners made 15s to 255, mixed yearlings 29s to 35s (id, yearling steers £2 Is 6d, empty heifers £2 14s, 18-months steers £2 7s, 18-months to 2-year do. £2 17s 6d, store cows £2 2s to £2 17s, forward do. £3 Is, fat do. prime £5 15s, springing cows £5 to £7, springing heifers £7, bull £4 2s. I also sold Air. C. F. J. Smith's dairy prices ranging from £5 15s to £8 12s 6d. On the same day I held a clearing bale at lnglewood on account of Mr. li. Masemann, prices were satisfactory, dairy cows realising up to £7 ]ss, hei'ferh, small and backward £2 10s to £3 2s Gd, bull £4, halt-draught hon.es £21 to £22, drill £10s 10s, mower £7 ss, hay rake £5 10s, disc harrows £4. At Stony River on Wednesday the yards were full, weaners made 17b to 26s Gd, mixed yearlings 28s to 355, empty heifers £2 7s to £3 2s 6d, springing heifers £4 7s 6d to £5 15s, springing cows £3 5s to £5 17s 6d," store cows £1 12s to £2 17s Gd, forward do. £3, fat do. £4 3s to £5 15s, 2i-year steers £3 11s 6d, 7-year old fat bullocks £10, bulls £2 2s to £3 10s, Jersey bull £10. At Waiwakaiho on Thursday there was a very big yarding, far in excess of advertised numbers- ; bidding was brisk throughout, the majority of lines being sold. ' Weaners made 22b 6d to 28s, mixed yearlings 33s 6d to 375, yearling steers 39s 6d to 425, yearling heifers 35s to 41s, IS-months steers £2 11s 3d, empty heifers £2 5s to £3, store cows £2 5s to £2 17s 6d, forward do. £3 12s to £3 15b, fat do. £5 Is, springing cows £3 10s to £6 10s, Jersey do. £10, springing' heifers £4 to £5 12s 6d, bulls £3 to £5, stag £4 10s. WEBSTER BROS. STOCK REPORT. Omato Yards. — At the yards yesterday we had an extra large entry, every pen and yard being well filled. Prices were well maintained. Most lots were sold at the hammer or privately. Weaners poor 16s 6d to 225, yaarliiig steers 36s 6d, bulls 35s to £2 15s, store cows £2 9s 6d to £3, baron heifers £3 3* 6d, empty heifers 2 12s 6d, £2 14s Gd, 21 to 3-years steers £3 2s, £3 8s Gd, Jersey yearlings £5, springing cows and heifers £4 8s 6d, £ 1 7s 6d. MESSRS. L. A. NOLAN AND CO.'S REPORT. Messrs. L. A. Nolan and Co reports : — Poultry. — On. Saturday we had a good average entry in all classes. Prices were very satisfactory, high rates being maintained throughout. There is a very keen demand for table birds and vendors can rely on getting good prices for fat stuff. We quote : Hens 2s Id to 2s sd, pullets 2s 2d to 2s 7d, cockerels 2s 4d to 2s 9d. purebred do. 4s sd, ducks Is lid to 2s sd, turkeys. gobblers 5s Gd, roosters Is !)d to 2s'4»l. In the mart a liirge quantity of shrubs, ornamental trees, and fruit trees sold well. Fruit.— This has been in small supply. Nelson and Tasmanian consignments only coming to hand. Wo quote: Tnsmanian stunners 11s 6d. Nelson do. 9s to 10s, bananas (Fiji) 12s, lemons 9s, passions 3s 6d.

VICKERS AND STEVENS. Messrs. Vickers and Stevens report that there was a large entc^ of cattle in their Inglowood yards on Wednesday last and nearly everything was sold at the following prices: — C'ahes los to £1 10s, yearlingb to 10-months tl 11s Gd to £2 3s, 2-year old empty heifers £2 8s to C 2 15s, store cows £1 l os to £2 17s, l>ackward springing heifers £3 to £4 ss, good forward do. £4 10s to €■*> los, good forward springing cows t'4 10s to £6 7.s 6d, old and hackward <10. £2 to £3 10s. At Tarata on Monday calves made £1, store cows £1 10s to £'2 3s anil a few store bullocks £4 10s Gd. M'TTKK AND CIIEKSK. Mr. Newton King's weekly Imtter and cheese report from Messrs. I?, and W. Davidson, of London and Glasgow, under date August 5, states: — Our markets this week have heen a little upset owing to holidays, but all over there are indications of a decidedly better feeling. Strictly fancy butter does not appear to be in largo supply, and on thi» grade there seems to be

I little doubt but what we will see firmer prices very shortly. Medium and secondary grades ot butter are in largo supply, aud arc very difficult to move. Current prices ior these are, it anything, slightly easier. Our advices from Copenhagen indicate the market there to be improving, and the quotation is declared unchanged. We have had h continuance of cold, wet weather, and if wo don't have a change immedi- i ately our fanners are going to have a very disastrous season. Danish and Swedish Butters.— The total imports this week show an increase of about .300 casks. The market for strictest choicest quality was brisk, and everything has been well cleared at an advance of about 6d to Is per cwt. Strictly choicest quality ll'2s 6d to 114s. . Siberi.ui Butter.— The arrivals continue fairly large. Choicest new made good* continue to meet with an active inquiry at previous rates ; medium quality is in fair demand at a reduction of about Is on last week's prices. Confectionery grades aie plentiful anil are at the moment, diltuult to move. Prices on these are very irregular. Our cables from Siberia state that the weather there is very warm and dry. Markets, continue very firm. We quote strictly fancy quality 98s to 100s, ...chum quality 95ta, 945, UCfo, lower grades HH.s to tf'is. These quotations are all

landed, this country. . F ■«• nHi Ht.tt.-fB.-TIH. easier tendency w/Vete'ml to last week In.' Hjconu- !,,,,.; t "ell l»A-f l»» »» ' J& ' •" lBIKlt " '■"l"n™'Cr>.»n,,r^-TIK. ,1rm»...l I- \\\. (mote: Chouost qualit> U>.>s to lUbs 3, ,ic"«,unlity 102.s to 104s. Hh.hos „n--s"|"«J 107 b to KWs. Thost. pr.ces lan.l...1 tonn>. Os wharf or --toio. tl cSial Iluttc,..-Tho .mrA »n| Ksl f."vin« boon >n,U,I ,1,,,.n« tl.o „ast ton .lays; quotations noiiim..!. 1 CV.na.lian Chocs.;.-! ho »"*«". this, crado is slightly i.nnor . nucs ..n Gel to 1' hißlicr. Cl.o.«*t wlnto a.ul t '^rkel^Clu^.-Quantity IK,v 1 K,v •trriv his ; b very .mail . <,uotat.ons n--in« hi tmn Strictly choicest eolonm Sk "to 01s, exceptionally 6'2s, choucst white 60s to Gls.^

PALUEUSTON NORTH WOOL SALE (Special to HeraUU I'ALMKKKTON N., Sept. ]<• M.ssiv Abraham and Williams, Ltd.. ioi)«>rt as follows. — , On Fndax , September 1. . we hold «m usual monthly sale, who.. »o submit t • iX rataloKUo coinprisinn 3o 1)«KS am bales of wool, 1.->()() sheep skins 13.,0 ,alf skins, 350 largo hides, ami tl y usual quantities of bones, tallou , hi i and cow tail.. Throughout the sale bildinn was very spirited and tlie whole offeiinj; realised prices equal to late rates, and in some ca.se> exceptionally good prices were obtained. Qu<stations : — , , Wool.— Crutehings, 3}d, 4d to od ; lambs', 7id; dead ojd, GJd; crossbred, 6d, 6?d; black, sd. r Skins — Crossbred medjuni, 4Jd, o\,a, Cxi, 6Jd, 6}d to 7d per lh. ; crossbml fine 7id to 73d ; crossbred inferior, 4Jd to s]d; lamb;,', 5Jd, 6id, to 6id: dead, 5Jd to 6d ; quarter-wools, 3id ; pelte, 3d to 33d; dead and damaged, 4Jd; butchers' skins at per piece, crossbred fine, 4s lOd to 7s 4d ; crossbred medium, 4,s 4s 9d, 4s lid, ss, 5s 10d, 6s 4d, 7s Id to 7s 4d ; black, 3s 6d ; green, 4s 4d to 6s 3d; salted, ss; other Hues, crossbred inferior, Is 7d to 5s 8d; dead, 4s id; lambs' pelts, Is Id. Calf Skins.— The competition was very keen and the prices realised are ahead of late sales. Good sound calf sold at from 7d to 9Jd per lb., this latter price being equal to 4s 6d each ; cut calf, 6Jd per lb. ; yearling, 6|d. Hides. — The prices realised for hides were beyond Sydney value in some ,as"s. Ox heavy, s]d to fid; medium, old to 0?d ; li«ht. 5Jd ; cow heavy, old to ."sd; inodium, 4gd, 5Jd, 5Jd. to old ; li"ht, fljd; cows' cut, .jjd ; hulls', 4Jd ; heifers', old, 6Jd ; steers', s|d ; horse, 6s M, 7s 3d. r- l Sundries.— Tallow, tins, £22 5s ton; casks, £22 15s to £23 15s per ton. Horse hair, Is Id per lb. Cow tails, Is 54d dozen.

i YOUNG, HOBBS AND CO. Messrs. Young, Hohbs and Co., in thoir fortnightly report, state:— At Strathmore on the loth we had a moderate yarding, and recent quotations were fully maintained. lwo-year old steers made £3 Is, springing cows iM 10s, store cows £2 2s (3d, weaners to yearlings 2os to 26s 6d. At Stratford on the 15th we had a full yarding, most of the cattle being of useful quality and condition for the time of the year. Heifers, cows and young rattle realised ruling prices, grown steers, if anything, showed an ui ward tendency. We quote:— 3 to 4 -year-old steers (fresh) £5 8s (>d, 3-voar-old steers £4 10s to £4 12s 6< , : >J-vrar do. £3 19s, fat cows £4 12h (kl fresh-eonditioiied do. £2 los to £2 193 (sd, store do. £2 to £2 10s, 20mouth empty heifers £2 18s 6d, yearling <\n. £1 11s. to £1 19s, 2-year-old steers t:5 os, yearling steers £1 13s to_ £2 2s>, springing heifers £4 .js to £G os.

LOAN AND MKKCANIILE. Tl'C Now Zealand Loan and Mercantile Agency Co., Ltd., reports:— Horses.— On Friday «-<• had an avora< (« yarding of horses. Heavy draughts. ■old "at from £23 to £30; medium, £K> 10s to £24; light harness horses. £/ 10s to £15 ; ponies, £3 10s to £6 10s : spring cart-;, £7 H)s and £14. Cattle. — At the Newmarket \ ards on Tuesday dairy and store stock were penned' in larger nuinliers than iibuM. Dairy cows sold at from £4 is to £i 17s 6d; oinpty cows, £2 23 to .£3 Bs> ; calves, 17s to £2 4s. Beef was yarded in full numbers, and the quality was good, although mostly light weights. ;)xea improvpil in [»iico, the markol showing a firinor tone. Cows bold at now 17s to 20s per 100 11). Steers, £6 2s G r l to £lo 10s; cous, £1 10s to ICi. A }rizo ox from Mr. W. Vosper, Cam-biid'-je, realised £lv 10s. Sheep. — Sheep were yarded in avera -c numbers at NewmarUet on Tuesday and sold at better values. Wethers &ol*d at from 14s to IDs (xl ; ewes, 11s to 15s 9d ; spring lambs, 10s 3d to £1 ()., fd. l-"\jr S . — Porkers sold at from £1 Is to £1 19s; weaners, 4s to los (kl ; bacon/•rs, £2 2s to £3 Is. Butter. — Sxippliea arc increasing and the market easing. dunce, DJd to lOd; first grade, BJd to 9d ; becoud grade, 8d to Bid. Cheese. — In good demand at old for factory.

BUCKLAND AND SONS. (Special to Herald.) AUCKLAND, Sept- I"Messrs. Buckland and Sons report :— At Hemuera on Thursday dairy cows made £2 los to £7 2.s (id according to age and quality, dry 3()s to £5. SUircs sold at late rates. Young fat wcro in full supply, and there was an extra koen demand at 525. There was a less yarding of fats, but extra quahtv was presented. Prices were steady. Steers made £G to £11 17s (3d, and cows £3 Ids lo £7 10s. Sheep. — There was a good yarding of sheep. The quality was good and the competition fair. Best wethers sold at lfia to L"2s, lighter 17a, heavj ewes 19s 9d, lambs 7s to 20s 6d. l'igs met ready sales, small bunging •is 6d to 12s (3d, slips 17b, porkers 355. baeoners £3 6s and choppers £3 12s Gd to £4 ss. ABRAHAM AND WILLIAMS. to Herald.) PALMEKSTON N-, Kept. 17. Abraham and Williams, Ltd., repoi t as follow-. : — At Paliner&tou North on Thursday a small yarding met with a good demand at the following quotations. — Sheep. — Aged ewes with sv) per cent, lambs 10s 3d, ewe hoggets 12s 7d to 13s, mixed hoggets 8s lid to 10s 9d, small mixed hoggets 7s Id. Cattle. — Springing heifers £4 to £5 Us, heifers in call t'2 17s (xl to £3 ."is, 18-monlh bteers £2 7s Gd, 18-month to 2-year steers £2 13s Gd. yearling steers' £2 to £2 0s (id, store cows 25s to 37s (kl, fat cows £4 to £5.

ADDINCJTON SALES. CHHISTCHI'KCH. Sept. I',. At Addington yards 10-day there were medium entries and a good attendance 1 . Sheep. — About ."00 store sheep ucrc yarded. Prices icalised rcpiesented iin advance oi Is 3d to Is (id pel head, as compared with tin* previous sale. Jhiyers did not bid so keenly imaged ewe's with lamb«, and this class sold at late rates. Wethers brought 11s 7d (or tully Is (id alx>vc recent values), half-bred wether hoggets 12s Id. ewe hoggets (medium) 1&>, medium lines <>1 inixtnl'sexos 10s lid, aiul small and inferior sorta 81 Id. A line of 111 fen or crossbred ewes and lambs made Is ,d. and a rather better line 7s all counted. The yarding of this season's fat htmhs was in itch larger than at any previuii> sale, and prices showed a decline oi Iper head. Lambs sold at lrom 10s (i I to 18s. Ptimc wethers made Ills to •27t>, <>xtra to 345, ewe los (kl t^) 22:, Sd. merino w others Ms Id to 20s <d, hoggets l.">s (id to 17.s 9<l. Cattle.— Steers made CO 10s to CIO 17s 13d. extra to £12 ."is, heifers to 17s 6d to £U 17s Cd, dry cows £1 1 . i Gd to £8 15s. Best steer beef realised 20a

Oil to '2-2* <kl, im-dniiii 18b <5d to 20s, I cow and inferior beef lGs 6d to 18s. Fat veal calves were well represented in numlicrs, :incl prices ranged from 4s Gd to o-ls. Yearling made £1 2-., k\- ' toon to eiglitoen-inonths .sorts £1 IK to £2, two-iojir sU'oi:-, L.i 2-, (5 1 t<> L'.'s : JJs Gd, ttto->.-ar lioitcr^ £2 2s to 12 10s. I thri" i-y<-aii -y<-ai stccis C.i X, 1 1 i i « c-um. \ lioiicr^, £» '_'-„ <liv <<.«.s ti to t:i IK. | Dairy C)rts i:iii<4 'd fiom L'l UK to i_S 7s (Wl. i I > ip;s.--Clio|»iicrs n-alisi'd to 80s, < lioavv baconers 58s to Gos, lijzhtor 18s i to 5Ys (equal to 4id por 11)), hrav.v j porkors lOk to 475, lighter from ."Sos to ' 39s (equal to ."jjd to s]d por Ib). (mod stores made 28s to 34«, medium 22s to 275, small 12s. LONDON WOOL MAMKKT.

Messrs. Dalßi'ly and Conii>anv, TjttL. rcniii t liaviiifi received the lollowiii'^ (able message from their London hoii.-c under date <>1 September Y.I- "W'onl.-^-Tlic list of ai rivals is elnsi-d. T\k' new arrival- ainoiiiitcd In T'_'-">.")()H hales. of which tr.'CK) !»«!••, hue heen forwarded tin c<-t to niaiiiitactuiers at ll<ime an 1 abmad. Th<>n- ,\vr !«,.Vn bales foi s,dr, .\luch Hioliult-t, l.'j.HO'l hah 1 ) old blocks " ' i NKW I'LV.MOITiI. KKI'TK.MIJKU 17 RETAIL PRICKS.

natohors' Meat- Un-f • Sirloin, fil primw ribs, ."id; rump steak, Bd , heel from 3d to 4d , corned bc-t f from 1 ' and 5d Hi. Mutton: f,oi;s Gd, ch«ip> 6d, loin 6d, shoulders .3d, necks Id 1!> Poik: Frosli fid lh. Vor.l 3d to .VI 11 Kursa^es, beef .]d, pork <°d. LanA, !,s •nid o< i|i>«it(>r. Pork. 7d ll>. Jrhvl;, 6s per pair. Tlioso prices are for rash only ; Jd per lb. lor booking over one week. Groceries, Gain. etc. — Followingrare tho cash prices charged by New Ply mouth griM-erb :— Flour, 100's 13a 6d, ,r)o's, r )o's 7s, 2o's Ms 9d. Sugars: No. lA, Os; No. "2, 8s 'Al. Kerosene, 9s PJ r:i^e. [{olk-d oats and oatina, lOd per ba , ; i>;<Liim>.il, :'s 25 il) }m;s. ; slutrps, 11s fid per 2001 b bag, fowl-,' wheat » 3d btis'i'-l ; bian, ."i-, per l!)U lb ; oalt,, % Gd 'in -liel ; iii.n/.e, .">> 0.l Dairy l'roduec, etf — Iltittcr: Fnc to'v. Is 2d duiry 10d, lest «.enai-ito btliter, U, ebee-e 0d Hi, (■■ lid rloz , li.id, !)d 1!) , baron, 10(1 li ; li.ims, SJd !b , rapiers lUd, milk I. 1 i|,m Kiuit. — 1>. i'> vi's Md pel Hi liiiiim, Is doz. ; apples .1,1. .-„! and Id p, i ib <>i:in^e.s, ]■, (;<| dozen, ualimis, ■■(] i dried iijis, (id box. V<'«otable-. - liinccoli, A<\ f> ( ! cari'jLh I'd i»er bum !i t ii> ', Id !' HTYINC} PHK'KS. P.utt«<r--l)any <M. i»t-u>i : . to'led I{d lb. ; best sopantor b'ltt-r K'd «' 9d per do/.eii ; baron, 7',d per 1!) , him,. 8d p<>r lh ; bud, 7d, fur.K'is. SI per lb.