COMMERCIAL.

Timaru Herald, Volume XCIV, Issue 14341, 13 January 1911, Page 5

COMMERCIAL.

BRITISH IMPORTS. Press-Association —By Tel.—Copyright. LONDON, Jan. 11. The value of certain imports into the United Kingdom was as follows: Wool, Australia £11,273,049, Argentine, £1,201,001. Chilled l>eef, Australia, £3478, Argentine £4,950,320. Frozen bocf, Australia, £1,236,091, Argentine £3,300,659. Mutton, Australia £2,533,000, Argentine £2,322,000. UNION BANK—I2 PER CENT. The Union Bank of Australia, has declared a dividend of 10 per cent, and a bonus of 2 por cen£. The sum of £15,000 has been added to the reserve for the depreciation of investments, £20,000 added to the reserve and £41,392 carried forward ' PRODUCE MARKETS. , ' ■ The wool sales have been extended to February 3rd. ■ Wheat.—Three cargoes have been sold at 3Gs ljd. At the tnllow sales casks were offered and 431 sold. Prices are unchanged. ANTWERP WOOL SALES. Received 12.45 p.m., Jan. 13th. LONDON, Jan. 12. ' The Antwerp sales opened with small competition, limited to the new shearing. Merinos fell 7J per centum, and common 10 per centum. 19S8 bales of La Plata wero offered, and 747 sold. Prices sensibly improved after tile sale. STOCK EXCHANGE. Per Press Association. . DUNEDIN, Jan. 12. Stock Exchange sales Sailors' Bend, 5s sd; Waihi (forward delivery), £5 4s,- £5 3s. Sales reported—Union Steam, £1 17s. £1 17s; Christchurch Meat. £3 2s 6d; N.Z Paper Mills, £1 3s 6d; Talisman Consolidated, £2 12s 6d; Waihi Grand Junction, £1 lie. NEW ZEALAND BANKING. WELLINGTON, Jan. 12. The banking returns fox the past quarter show the deposits to total £22,563,317, and advances £19.653,388, being an excess of deposits of £2,909,929. In tbo corresponding period of 1909 the deposits exceeded advances by £1,981,674. STOCK EXCHANGE. CHRISTCHURCH, Jan. 12. The following sales were reported on 'Change to-day:—New. Zealand Insurance, £4 8s; Christchurch Meat Co. (£lO paid), £ls 10s: Chrisfchurcli Meat Company (£2 paid), £S 2a Od; Taupiri coal, £1 la, £1 Is; .Waihi, £5 4s 9d, £5 4s 6d. CHRISTCHURCH WOOL SALE. The third wool sale of this season's series commenced to-day, when 19,778 bales were catalogued, about 3000 leas than at the corresponding sale last year. The broken weather during the past month, causing interruptions in shearing, prevented a good deal of wool from commg forward. A number of station clips wero submitted, but the selection as a whole was not satisfactory from the point of view of condition. The bulk of the-wool- was very dirty, and compared with the conditions of lost year's clips there was a difference of Id to ljd per lb in value. There was a large and representative attendance of buyera, though there was not so many present as on the two previous occasions. The competition was very slack as compared with the November and December sales. Most of the buyers appeared to be "sitting tight," especially the Bradford and Frenoh sections. The principal operators were the woollen mills, German representatives, and ihd local fellmongers. The sale did not improve as it progressed, and about one-third of the offerings wero passed in. Most of the best Corriedale wool failed ft reach owners' reserves, and a considerable proportion of the best wool in the largo halfbred anil crossbred clips was also passed in, only the inferior wool and pieces in these clips being sold. A few clips had a good run, but it was' rare that 12d was reached for either halfbred or Corriedale. The highest priced clips were: Waitohi Downs halfbred 12Jd, Rokahuri Corriedale 12Jd, P. Merino 12Jd, Mount Grey and AVhite Rock Corriedale 12d«.

The following whs the range of piices, tlioso for tho December salo being given in brackets:—Super Merino lljd to 12Jd (lljd to 13d), medium and inferior 7i to lljd (8d to 11 J), super lialfbred lUd to 12 Jd (lljd to 12Jd), medium do. OJd to lljd (10d to lljd), inferior do. 7jd to 9J<l (7Jd to Sid), super Corriedale lljd to 12jd (12d to 13Jd), medium and inferior do. 7Jd to lid (BJd to lljd), super thrcequarterbred nil (10} d to 113 d), medium do. BJd to 9Jd (9d to lOd). inferior do. Gid to BJd (7*d to 83d), super crossbred 93d to lOld (10<3 to lid), medium do. Sd to 9}d, inferior do. 6d to 73d (Gd to Sd), lo'n.gwool 6d to 9d rtiid to IOJd, down wool 7sd to 9*d (Sid to lljd). Merino pieces 7|d to 'lOJd (Sid to 93d), best halfbrcd pieces Bid to lid (8d to 103 d). second do. 43d to 7Jd (Sid to .7Jd). crorshrrd pieces ,43d to 73d (7d to 9Jd), locks and crntehings 2Jd to 7Jd (33d to W- _________ ,