COMMERCIAL.

Taranaki Herald, Volume LX, Issue 143765, 13 April 1912, Page 7

COMMERCIAL.

BANK OF ENGLAND RETURNS. By Electric Telegraph.—CopyrightLONDON, April 12. The Bank of England returns for the week ending AA ednesday last are as follow: Gold coin, £35,031,000. Reserve, £25,901,000. Note circulation, £28,942,000. Public deposits, £22,162,000. Other deposits, £40,385,000. Government securities, £14,282,000. Other securities, £38,009,000. Proportion of reserve to liabilities, 42.85. THE MONEY MARKET. Bank rate, 3} per cent.; short loans, 3 per cent.; three month*,’ bills, 31 per cent.; Paris, 3 per cent.; Berlin, 32 jKSi- cant. GOVERNMENT SECURITIES. The following are the latest quotations for Government securities: 2j per cent. Consols, £77 17s 6d; fall of ss. 4 per cent. New South Wales, £lO5 10s; unchanged. 3i per cent. New South Wales, £9B 10s; unchanged. 3 per cent. New South Wales, £B6; unchanged. 4 per cent. Victoria, £102; unchanged. 3j per cent. Victoria, £9B 10s; unchanged . 3 per cent. Victoria, £BS 10s; unchanged. 31 per cent. South Australia, £97; unchanged. 3 per cent. South Australia, £BO 10s; unchanged. 4 per cent. Queensland, £102; unchanged. 31 per cent. Queensland, £96 10s; unchanged. 3 per cent. Queensland, £B4; unchanged. 4 per cent. New Zealand, £lO2 10s; unchanged. 31 per cent. New Zealand, £97; unchanged. 3 per cent. New Zealand, £BS 10s; unchanged. 31 pci- cent. Tasmania, £96; unchanged.

3 per cent. Tasmania, £BS; unchanged. 31 per cent. West Australia, £94 10s; unchanged. 3 per cent. West Australia, £B6; unchanged. LONDON MARKETS. LONDON, April 13. Wheat.—The market is firm, though inactive. The liberal shipments are being counteracted by a good Continental demand. There are unfavourable reports of the American crop. Fourteen thousand five hundred quarters of New South Wales January shipment sold at 395. I’wo Australian cargoes sold at 38s 9d and 39s 7}d respectively. Holders are asking 40s for South Australian off coast, and 39s 3d for Victorian March shipment. For near parcels 39s 6d. was paid, and 38s 3d is offered for an April shipment. There is a quiet demand for Australian spot at 41s 6d and 425. Supplies are small. New Zealand 39s to 39s 6d. Flour.—Firm, with a fair demand. Oats.—Firm and unchanged. Peas.—Quiet. New Zealand average quality 36s 6d to 38s 6d. Fine, 39s to 39$ 6d. Beans.—Nominal, 37s 6d to 395. Wool Sales Eleven thousand eight hundred and eighty-four bales were offered, a very miscellaneous selection. There was a good attendance. The market was firm. There was a quotable change from the first series. English buyers were operating freely in crossbreds, but Continental buyers were more interested in merinos. Copper.—Spot £7O 10s, three months £7l 7s 6d; electrolytic £74 ss. ' Tin.—Spot £197 15s, three months £194 ss. Pig iron, 52s lid. Lead, £l6 ss. Spelter, £25 12s 6d. Butter.—Very dull, with a restricted demand for colonial, owing to the prospect of European supplies shortly. It is estimated that 100,000 boxes have accumulated in London, mainly owing to the reduced consumption through the strike. Choicest Australian 116 s to 118, unsalted 120 s; New Zealand 120 s, unsalted 1225. Cheese.—Steady and unchanged. Sugar.—German 13s lOd, first marks 17s. Bradford Wool.—Quiet and firm. AUCKLAND SHAKE MARKET. > (Special to Herald.) AUCKLAND, April 13. Mr, Hendry (E. P. Webster local agent) reports the following Stock Exchange quotations aud sales;— Quotations.—May Queen, sellers Is 3d, buyers Is; Occidental Is 2d and Is, W'aiotahi 3s 4d and 3s 2d, W 7 aitangi Is Id and Is, Talisman 43s 6d and 435, Waihi 38s 3d and 37s Gd, Junction 25s 6d and 2os, Crown 2s 7d and 2s 6d. Sales.-—Crown 2s 7d, Talisman 43s and 43s 3d, Waihi Junction 25s 6d and 85s 3d. BUTTER AND CHEESE. Following is Mr. Newton King’s weekly butter and cheese report from Messrs. R. and W. Davidson, Ltd., of London and Glasgow, under date, March 7, 1912: BUTTER. The market during the’ past week has been very irregular. Continental butters have been fairly steady, but Colonial butters have been very weak, and prices on this particular grade show a reduction of 2s to 4s per cwt. We have now had a week of the coal strike, and at the moment of writing there is no appearance of a settlement (being come to. Dealers all over tho country continue to buy very sparingly and absolutely refuse to stock more than actual requirements. Until a settlement takes place, we cannot possibly expect an improvement, either in the demand or in price. CONTINENTAL BUTTERS. The demand this week has been very quiet, merchants only purchasing very small quantities. Telegraphic advices yesterday from Copenhagen state that the market there ,is dull, and tho quotation to-day has been declared unchanged. Danish and Swedish. —The total arrivals of Danish this week show a decrease of 860 casks. There was a very slow niarket and considerable stocks have been left over unsold. We quote strictly choicest quality 134 s to 1355. Siberian. —Arrivals this week only total about 1,000 casks. The demand has ruled very quiet and prices are again somewhat easier, strictly ohoicsst new made butter being now obtainable at 122 s to 1245, with ordinary finest 120 s. Prices telegraphed from Siberia to-day show that there has been ,a further reduction, hut quotations aro still too high to warrant British importers buying.

COLONIAL BUTTERS. Australian.—The arrivals this week comprise the s.s. Orontes with 33,009 boxes, also the s.s. IVakool with 5,30/ boxes. AVe have experienced a very dull and irregular market in consequence of labour troubles throughout, the country. Prices /luring the week show a reduction of 2s to 4s per cwt., choicest quality of salted butter being now obtainable at 122 s to 1245, secondary butters are obtainable at 118 s to 120 s; saltless butters are in slightly better demand, more especially f° r something really fancy, for which 124 s to 126 s is readily obtained, secondary unsaltcd is more difficult to move, and prices for this grade arc somewhat irregular ranging from 120 s to 1225. New Zealand.—The demand for these have been particularly slow during the week, and agents in consequence have been forced to reduce prices, 10-day choicest quality is readily obtainable at 126 sto 1275. The s.s. Arawa with 50,000 boxes on board is due to dock in London to-day. AVe believe that goods ex this boat have been offered as low as 1255, IMPORTS TO THE UNITED KINGDOM. The total figures up to March 2 of this vear, and for the corresponding period of 1909, 1910, and 1911, are as follows: 1909, 790,958 cwts.; 1910, 781,945 cwts.; 1911, 885,499 cWls. ; 1912, 818,135 cwts. CHEESE. Canadian. —The demand is again somewhat quiet, but prices are being well maintained, choicest white and coloured 73s 6d to 755. New Zealand.—Better demand reported in our last continues, and prices are again a shade stiffer, choicest coloured being now quoted at 72s 6d, with choicest white 735. IMPORTS TO THE UNITED KINGDOM. The total figures up to March 2 of this year, and for the corresponding period of 1909, 1910, and 1911, are as follows; 1909, 285,710 cwts.; 1910, 292,250 cwts.; 1911, 299,667 cwts.; 1912, 298,844 cwts.