COMMERCIAL NEWS.

Waikato Times, Volume 107, Issue 17964, 8 March 1930, Page 10

COMMERCIAL NEWS.

BANK OF ENGLAND. THE LATEST RETURNS. United rress Assn.—Elec. Tel.—Copyright. LONDON, March 6. The latest Bank of England returns Issue department, £347,295,975; notes in circulation, £347,295,975; in the banking department, £64,305,798; total, £411,601,773; Government debt, £11,015,100; other Government securities, £233,574,129; other securities, £10,945,046; silver coin, £4,465,725 (these four items constitute a fiduciary issue total of £260,000,000); gold coin and bullion, £151,601,773— grand total, £411,601,773. Banking Department—Proprietors’ capital, £14,553,000; rest, £3,723,818; public deposits, £7,674,949; other deposits, bankers’ £63,194,475; other accounts, £35,921,849; seven-day and other bills, £239B—total, £125,070,489; Government securities, £38,631,563; other securities, discounts, advances £6,340,871, securities £15,103,832; notes, £64,305,798; gold and silver coin, £688,425 —total, £125,070,489. Proportion of reserve to liabilities, 60.50 per cent.; short loans, per cent.; t-bree-months’ bills, 3 Al-32 per cent. BRADFORD TOPS MARKET. United Press Assn. —Elec Tel.—Copyright. LONDON, March 6. The Bradford tops market is slack, and no business is being done. Quotations: Sixty-fours, 27Jd; sixtys, 26d; fifty-sixes, 21 cl; fifties, 18d; forthsixes, 15Jd; forties, 15d. NAPIER WOOL SALE. OFFICIAL RANGE OF PRICES. NAPIEIR, Friday. The official range of prices was: Merino, average up to Southdown, average Bid to 9Jd; extra fine crossbred, super 9d to 10 d, average 7id to 82cl, inferior GJd to 7Jd; fine crossbred, super 9d to 10}d, average 7Jd to 9d, inferior 6Jd to 7J-d; medium crossbred, super BJd to 9Jd, average 7id to 8.4 d, inferior sfd to 7d; coarse orossbred, super BJd to 9Jd, .average lid to BJd, inferior 5Ad to 6Jd, low crossbred, average 7id to BAd, inferior 5Jd to 7d; hoggets, 48/50, 7Jcl to 9jd, 46/48 72d to 9d, .44/46 7|d to B>}d, 44/44 to 8 9-10 d; lambs, fine’Bd to medium 7Adto 9 Jd, coarse 0d to 8d; pieces, good to super 7d to 81 d, low to medium 3Jd to sd; seedy and inferior, 2Ad to 3Jd; necks, s|d io B|d; bellies, good to super 5Jd to Gd, low to medium 3.]d to sd, seedy ancl inferior up to 4 4cl; crulchings, medium to good 6d to 7d, seedy and inferior 3d Lo 4Jd; locks, crossbred 2id to 4Jd.

I AUSTRALIAN PRODUCE. SYDNEY, March 7. Wheat, bulk 4s 7d, bagged lots 4s Sd per bushel; flour, £ll 10s; pollard, £8; bran, £7 10s; potatoes, Tasmanian £lO, Victorian £7 ss; onions, Victorian, Globe and Brown Spanish £5; oats, white ss, Algerian 4s 6cl; maize, Gs, African 6s 6d. ADELAIDE, March 7. Wheat, 4s sd; flour, £ll ss; pollard, £8 ss; bran, £6 15s; oats, 3s to 3s 2d. MELBOURNE, March 7. Wheat, nominal 4s 8d; flour, £ll 5s to £ll 10s; bran, £7 15s; pollard, £8 ss; oats, 3s to 3s 2d; barley, English, 3s lOd; maize, 6s 3d. AUCKLAND PRODUCE. Wheat —Fowl wheat shows an easier tendency. The first of the new-priced purchases will arrive on Monday, and from this shipment sales are being made at 7s 6d to 7s Sd. Oats.—Feed sorts are quoted at a lower rate. Orders are being booked for delivery next week, at 4s lid, but A grade are firm at 5s Id. Chaff.—The market is firm, and no material alteration is expected. Moderate stocks are in hand, selling at 10s 9d to 11s, and supplies in sight are not heavy. Tasmanian chaff has been bought to arrive about the end of March, and also to follow, and from these purchases sales to arrive are being made at 9s 9d on the wharf. Bran and Pollard. —Ample supplies of bran are aavilable to meet all requirements, but pollard is not so easy to get, so that importers have sent lo Australia for limited quantities. On account of the duty being taken off this will sell at the same price as local. Maize. —Trade is quiet, with the price weak at 7s ex store. Merchants are buying only from hand to mouth in anticipation of the importations due shortly from South Africa. Potatoes. —-The market is steady, with a firming tendency, but no great alteration is expected. Supplies can be drawn from the Rangitikei district at £4 10s on trucks. The wholesale price at Pukekohe is £5, and it is evident that there wall be ample to supply the market until the arrival of southern. City merchants are selling at 7s per cwt ex store. Onions. —Dull, with no visible prospects of any export trade this season. The Pukekohe quotation is £4 ss, allowing for sales ex Auckland store at 6s 3d per cwt. Poultry.—Cocke.rpls, heavy, prime, 5s Gd to 7-s each; not prime, 3s Gd upwards; light, prime, 2s 9d to 3s; not prime, Is Gd upwards; fat roosters, heavy, prime, 2s to 2s 6d; light, Is Gd to 2s; fat hens, heavy, 2s 6d to 3s 6(1; light, Is 9d to 2s 6d; pullets, heavy, best, 6s to 7s; smaller, 2s upwards; light, best, 6s to 7s; smaller, 2s upwards; drakes, young, prime, 3s to 3s Gd; smaller, 2s upwards; ducks, young, prime, 3s to 3s 6d; smaller, i s Od lo 2s; turkey hens, 6s to 9s. Dairy Produce. —Hen eggs, first quality, special grade, 2s id a dozen; A grade, 2s; 13 grade, is 9d; duck eggs, special grade, is Jtd; A grade, Is 1 Od; B grade, Is 8d; farmers’ butter, Is Id to Is 3d per Lb.

KAITIEKE SALE. Messrs Abraham and Williams, Ltd., report: At Kaitieke on Wednesday we had a most successful sale, when we yarded 3538 sheep. A number of outside buyers was present and competition was keen throughout. The main prices were: Two-tooth wethers 21s 9d to 22s 3d, fat and forward wethers 24s to 255, four and five-year ewes 17s 9d to 21s 2d, poor conditioned 11s 3d to 16s, wether lambs 12s 6d to 13s, smalKlambs 7s to 9s, cull lambs 3s to 6s, one-shear Romney rams 2gns to 4gns, Shropshire rams 2Jgns, 20-month steers £5 12s, 21year steers £7 ss. TE AWAMUTU SALE. The New Zealand Loan and Mercantile Agency Company, Ltd., Hamilton, reports: At Te Awamutu sale we penned cattle and sheep in large numbers. Numerous buyers in attendance created a strong demand for all classes, and we have to report a most successful sale. We quote: Light fat steers £lO 10s to £lO 12s Gd, prime fat cows and heifers £9 15s to £lO 10s, lighter £6 15s to £7 16s, killable cows £5 17s 6d to £6 12s Gel, fleshy boner cows £4 17s 6d to £5 15s, others £3 15s to £4 12s 6d, heavy bulls £9 10s to £ll, lighter £3 5s to £7, choice .Jersey heifers in calf £l2 5s to £l2 10s, ordinary £8 16s, weancr Jersey heifers £4 2s 6d to £5, Jerseycross heifers £3 5s to £3* JBs, small £2 to £2 12s 6d. In the sheep yards, which were taxed to their utmost capacity, our principal sales were: 121 full-mouth ewes 19s, 346 do 19s lOd, 205 do 21s, 52 aged ewes 14s 3d, 40 do 17s, 129 black-faced woolly lambs 13s 6d, 42 small do 10s 4d, 46 woolly ewe lambs 16s 6d, 14 6 wether woolly lambs 14s 6d, 146 do 12s 3d to 13s 3d. Pigs: Heavy porkers 57s to 625, good stores 38s 6d to 455, others 30s to 345, slips 22s to 265, weaners' 11s to 16s. WAINQARO SALE. Messrs Dalgety and Company, Ltd., report having held their Waingaro I stock sale on Thursday, as under: — There was a good yarding of cattle and a good demand at late rates. Three and four-year store bullocks i made up to £lO ss, forward bullocks £ll, 24-year steers £8 15s, yearling) steers £4 12s, Hereford cows in calf i £7 10s, store aged cows £5 7s, forward and fat heifers £7, cows and calves £7 5s to £8 10s, weaner Polled Angus steers £5, bulls £4 l-0s to £6. LONDON TALLOW SALES. The New Zealand Loan and Mercantile Agency Company, Ltd., Hamilton, reports having received the following advice frorri its London office, dated March 5 (last quotation in parentheses) :—• Tallow—We quote present e. i. f. and c. values for the following descriptions of tallow:-—Fine mutton, 38s per cwt (395) ; good beef, 37s (38s); mixed, 34s (365). The market is dull.