COMMERCIAL.

Taranaki Herald, Volume LIX, Issue 143672, 16 December 1911, Page 7

COMMERCIAL.

BANK OF ENGLAND RETURNS. Bj Electric Tclegrnphi—Copyright. LONDON, Dec. 15. Tho Bank of England returns for tho week ending Wednesday hist uro as follow: Gold coin, £34.999,000. Reserve, £25,713,U0U. Not© circulation, £28,691.000. Public deposits, £14,489,1X10. Other deposits, £37,558,000. Government securities, £15,23i ,000. Other securities, £28,800,000. Proportion of reserve ta liabilities, 49.40. THE MONEY MARKET. Bank rate, 4 per cent.; short loans, 3g per cent.; three months’ bills 3| par cent.; Paris, 3J per cent.; Berlin, 5 per cent. GOVERNMENT SECURITIES. Tho following are tho latest quotations for Govcnifticntsccimties: 2i per cent. Consols, £77 ss; fall or 6d. 4 per cent. New South M ales, £10o; fall of 80s, 3$ per cent. New South M ales, £JB IQs; tall of 10s. _ 3 per cent. New South Wales, £B/ 2s 6d; unchanged. 4 per cent. Victoria, £101; rise of 10b. , n , 3$ per cent. Victoria, £96 10s; fall of Ifc. 3 per cent. Victoria, £B4 2s 6d ; fall of 2s 6d. 3J per cent. South Australia, £9/ ; fall ot 80s. 3 per cent. South Australia, £BO 10s; fall of 30s. 4 per cent, Queensland, £lOl 10s; fall of ss. 3$ per cent. Queensland, £9B 10s; unchanged. 3 per cent. Queensland, £B4 10s; unchanged.. 4 per cent. New Zealand, £105; unchanged. 3$ per cent. New Zealand, £96 10s; unchanged. 8 per cent. New Zealand, £B6 10s; unchanged. 3$ per cent. Tasmania, £96 10s; unchanged. • 3 per cent. Tasmania, £BS; unchanged. 3$ per cent. West Australia, £95 10s; unchanged. 3 per cent. West Australia, £B6; unchanged. LONDON MARKETS. LONDON, Dec. 15. The European wheat markets are firm owing to reports of unsettled weather in Argentina, though American and Canadian markets are weak under the influence of tho enormous visible supply, Thirty-five shillings and ninepence is asked for Australian off coast, 36s 3d tor a steamer Decembcr-January shipment, 36k 9d for cargo of a vessel which sailed in September; 35s 3d was paid for a parcel of December shipment; occasional sales of Australian spot were at about 375; New Zealand host 35s 3d to 3os 6d, medium 34s 6d to 355. Flour.—lnactive; Australian on passage offering at 2-ls 6d c.i.L Oats.—Firm, with good trade. B grade Gartons, Mareh-April shipment, 20s 6d c.i.L, La Plata December 16s 7sd. Beans—Firm and unchanged. Peas.—Spot neglected. Butter.—Quiet. Danish about 138 s, Australian and New Zealand unchanged, except unsalted, which is slightly in buyers’ favour owing to the plenteous supply, especially without preservative, which is arriving in London, though there is an absence of Continental demand. Cheese. Good trade; prices unchanged. Bacon.—Very low. Danish 50s to 625, Australian nominally 465. Copper.—Spot £6l 3s 9cl, three months £6l 3s 4d; electrolytic, £63 12s 6d. Tin.—Spot £l9B, three months £l9l 10s. Load, £ls 10s. N Spelter, £26 17s 6d. Iron, 49s 3d. Sugar.—Gorman 16s, first marks 18s. Bradford Wool.—Steady and unchanged. Sheepskins.—At tho London sales practically all were sold. Compared ■with the October sales merinos and crossbred clothings were $d to higher, merino combings id, fine crossbred tcombings sd, coarstf ditto |d to 3d higher. AUSTRALIAN MARKETS. SYDNEY, Dec. 14. Wheat, 3e 73d, Flour—City £8 los, country £7 17s 6d. Oats.—Algerian feeding 2s 6d to 2s Bd, seeding 2s 9d to 2s iOd ; sparrowbills 2s lid to 3s, giants 2s 9d to & 3d. Barley.—Cape 2s lOd, English malting 4s 6d to ss. Maize, 3s lid to 4s. Bran, £5. Pollard, £6. Potatoes, £6 to £3. Onions, £6 to £9. Butter.—Selected 120 s, prime 108 s to 116 s. Cheese, 63d to 7d. Bacon, ssd to 7id. MELBOURNE, Dec. 14. Hides.—Moderate supplies and keen competition; prices very firm. Wheat, 3s Bd. Flour, £8 10s. Oats, 2s 7d to 2s 9cl. Maize, 3s od. Bran and pollard, £5 10s. Chaff.—Oaten dumped 85s. compressed 99s fo 100 s, with fair demand ; deliveries rather light. Potatoes—Old £4, new to £7 10s Onions, £6 8s to £6 10s. ADELAIDE, Dec. 14. Wheat, 3s 7Jd. Flour, £7 15s. Bran and pollard, 13d. Oats, 2s 7d. TIMARU WOOL SALES. Per Press Association. TIMARU, Dec. 15. The second wool sale to-day was attended by a record number of buyers tor T imam. Seven thousand six hundred bales were offered, as compared with 10A)00 at the second sale last year. The wool was of better quality than at the first sale, and there was keen competition, nearly every lot being sold at prices satisfactory to vendors. The bulk was crossbred, suitable for tho Yorkshire mills. Most of tho best halfbred was bought by colonial mills at 103 d to HR], the latter being tho top price at the sale. Medium halfbred mad© 9Jd to 10id, inferior 83d to 91<I. Compared with the Christchurch sale, tho prices were slightly higher for like classes of wool.

AUCKLAND SHARE MARKET, (Special to Herald.) AUCKLAND, Dec. 16. Mr. Hendry (K. P. Webster local agent) reports tho following Stock Exchange quotations and sales:— Quotations.— May Queen, Rollers 2s 2d, buyers 2s; Sylvia, Is Bd and Is 6d: Saxon/ Is Gd and Is od ; Wniotnhi, os 3cl and os 2d; Waitangi. 3s Id and 2s lid; Watchman. 2s 3d and 2s 2d; Crown, 2s 9rl and 2.s 7d; Talisman, 48s 6d and 47s 6d; Waihi. o(3s Od and 06s; Junction. 30s 3d and 80s. Sales.—Occidental, Is 6d, Is od, Is 4d: Waiotnhi, os 2d; Watchman, 2s Id, 2s 2d, 2s 3d; Junction, 30s. YOUNG, HOURS AND CO. At Kltham. on Wednesday, 13th iust., we had a good yarding and nearly everything was cleared at satisfactory prices. Fat cows, made £5 5s to 6s 2s, fresh and forward do. £4 to £4 14s. store to fresh do. £3 to £3 17s, small fat bullocks (light) £O. ss, yearling steers £2 9s, 18-month heifers £3 8« to £3 12s 6d, yearling heifers £3, bulls £3 5s to £5. springing heifers £5 5s to £6 ss. MATTHEWS AND BENNETT. Messrs. Matthews and Bennett report that there was a good yarding of cattle in their Inglewood yards on Wednesday last. Prices wero good, and everything well. Quotations; Yearling steers £2 5s to C2 10s, heifers £2 10s to £2 14s 6d, good steers £3 to £3 4s 6d, bulls £4 to £4 10s, empty heifers £3 is 6d to £3 10s, store cows £2, 10s to £3 14s, heifers £5 10s to £6 12s 6d, dairy cows £3 to £6. MR. NEWTON KING. following is Mr. Newton King’s weekly report: On Friday, Sth inst., 1 held a successful. sale of pedigree and grade Jerseys on account of Mr. A. Hodgkinson, Takaka, Nelson. The cattle were in very fair condition considering the rough trip up and tho driving about. Bidding was keen for all female slock, but the bulls did not meet with much competition. The top price, 65gns., was paid by Mr. C. Goodson, of Hawera, for the pedigree cow Silver May, and the cow Sweet" Pea XII. went to the same purchaser 'at 57gns. Other prices realised for pedigrees were: Cows 26gns. to 53gns., 2-year heifers 26$ gns. to 39gns., yearling heifers 16igng. to 28$gns., heifer calves 9gns. to 13$ gns., bulls Bgus. to lugns., yearling bulls 3sgns. to 13$gus., grade cows £S 15s, grade heifers £3 10s to £9 ss, grade yearling bull £2 15s. At Uronui on Monday I had a good yarding at my fortnightly sale, and a good attendance of the public. • Bidding was best for 18-months steers and 2-year heifers. Fifteen to 18-months steers made £2 16s to £2 ISs, 15 to 18-months heifers (grade) £2 12s to £2 14s. A pen of 15-months grqcle Jersey heifers met with very keen competition, apd realised £4 12s 6d, empty 2- heifers £4 to £4 6s, 2-year heifers,(Holuteins, empty) £4 13s, 2-yoar steers £4 4s, 3-year bullocks £5 19s, store cows £2 to £2 10s, forward cows £3 11s to £4 6s, springing cows £5 16s to £6, springing heifers £5 10s to £6, bulls £8 18s to £G 10s. On Tuesday, in my Stratford springing heifer yards, I had a good entry, but got very little inquiry, as most of those offered were backward. Early calvers made £3 to £5 15s, springing cows £5 to £7. On the same day at my ordinary Stratford sale I had a good muster and an improved attendance, notwithstanding'the wretched weather. Fifteen to 18-months steers and heifers mot with good competition at the hammer, and sold at better values than at recent sales. Two pons of good conditioned 3- bullocks sold under the hammer at £6 3s, yearlings (mixed, poor) 21s to 355, 15 to 18-months heifers £2 IDs to £3 5s 6d, 15 to 18-months steers £2 12s 6d to £3 3s, empty 2-year heifers (poor) £3 10s, 2-ycar steers £4 2s Cd, store rows 31s 6d to £2 16s, forward cows £3 10s to £4 5s 6d, fat cows £4 17s 6d to £6 3s, fat heifers £4 16s, bulls £2 to £3, grade Holstein bulls £4 7s 6d to £5. At Stony River on Wednesday I had a good yarding of good-conditioned cattle. The inquiry was good for 15 to 18-months steers and heifers and for 2-year steers. Bidding was also good for store cattle. Fifteen to 18-months steers £2 11s to £3 Os 6d, 15 to 18montbs heifers £2 15s to £3 Bs, 15 to 18-mouths mixed £3 0s 6d, 2-ycar empty’ heifers £3 IDs to £4 Is, 2-ycar steers £3 14s to £4 os, store cows £2 3s to £3 15s, forward cqws £3 17s to £4 3s, fat cows £4 15s to £5 Is, springing cows £7 ss, springing heifers £7 15s, bulls £4 to £7, woauer pigs 7s, store pigs 13s.