COMMERCIAL NEWS.

Waikato Times, Volume 107, Issue 17982, 29 March 1930, Page 10

COMMERCIAL NEWS.

BANK OF ENGLAND. WEEKLY RETURNS. United Press Assn.—Elec. Tel.—Copyright. LONDON, March 27. The Bank of England returns for the current week are as follows: Issue Department—Notes in circulation, £342,303,815; in, banking department, £62,840,003 total, £415,143,878. Government debt, £11,015,100; other Government securities, £232,986,880; other securities £11,537,685; silver coin, £4,460,335 (these four items constituting the fiduciany issue, total £260,000,000); gold, coin and bullion, £115,143,878 — grand total, £415,143,878. Banking Department—Proprietors’ capital, £14,554,000; rest, £3,738,526; public deposits, £18,786,773; other deposits, bankers’ £54,874,277; other accounts, £35,916,736; seven-day and other bills, £l769—total £127,871,081. Government securities, £44,766,909; other securities, discounts, advances, £6,110,557; securities, £13,300,681; notes, £62,840,063; gold and silver coin, £852,871 —total, £127,871,081. Proportion of reserve to liabilities, 58.10 per cent; short loans, 2J per cent.; three-month bills, 2 3-16 per cent.

LONDON WOOL SALES. AN EXCELLENT SELECTION. PRICES FULLY FIRM. t’nired Press Assn.—Elec. Tel.—Copyright. LONDON, March 27. At the wool sales 10,622 bales were offered, including 3248 from New Zealand. About 5690 bales were sold. There was a small offering of greasy merinos and an excellent selection of crossbreds. Home trade demand predominated, and prices were fully firm. New Zealand greasy crossbreds: Jluku, top price 12d, average lOJd; Toroa lid and 9d. AUCKLAND WOOL SALES. RANGE OF PRICES. The following table gives the range «f prices realised — Fine’ Halfbred,' B|d to 9d. 'Medium Halfbred (50/56). —Super, —; average, 7id to B£d; inferior, 6Jd to lid. Coarse Halfbred (48/50). —Super, —; average, 7Jd to B£d; inferior, 6d In 64d. Fine Crossbred (46/48). —Super, 7|d to 8-Jd; average, GJd to 7Ad; inferior, s£d to 6d. Medium Crossbred (44/46). — Super, —; average, 6}d to 7£d; infeiror, sid to 6d. Coarse Crossbred (40/44). —Super, 7d to 73d; average, 63d to 6|d; inferior, 5d to 6(L

Low Crossbred (36/40). —Average, old to Old; inferior, 4Jd to 5Jd. Hoggets.—Fine, 7Jd to 8 Ad; medium, 7d to 73d; coarse, 5Jd to 6|d. Lambs.—Fine (44/50), 8d to 9fd; medium (40/44), 5Jd to 6Jd; seedy and inferior, 3d to sd.

Bellies and Pieces.—Crossbred: Good to super, 4d to 6d; low to medium,. 2Ad to 33d. Crutchings.—Medium to good, —; inferior to seedy, 2d to 33d. Locks. —Crossbred, 2d to 33d. BRADFORD TOPS. The Bradford tops market had a slightly better tone. Merinos w-ere distinctly firmer, but crossbreds were uncertain. Quotations; Sixty-fours, 263 d; sixties, 243 d; fifty-sixes, 20d; fifties, 17d; forty-sixes, 15d; forties, 143 d. AUSTRALIAN PRODUCE. United Press Assn.—Elec. Tel.—Copyright. MELBOURNE, March 28. Wheat is quiet, with little business, nominally 4s 8d to 4s 83d; flour, export restricted, £lO 15s 4d to £11; bran, £7 15s; pollard, £7 15s; oats, more inquiry; market steady; milling 3s Id to 3s 2d, feed 2s 8d to 2s lOd. SYDNEY, March 28. Wheat, in bulk 4s 73d, bagged 4s 8.3 d; flour, £11; pollard, £7 15s; bran, £7 10s; potatoes, Tasmanian £7 10s to £lO, Victorian £8; onions, Victorian Globe and Browm Spanish £5; oats, white 4s 9d, Algerian 4s 3d; maize, 6s 3d. ADELAIDE, March 28. Wheat, 4s Id to 4s 2d; flour, £lO 15s; bran, £6 15s; pollard, £7 17s 6d; oats, Algerian 2s 8d to 2s lOd. AUCKLAND PRODUCE. Wheat.—Fowl wheat is ip good demand at 7s 9d ex store, with larger quantities now available. Oats. —Southern quotations have dropped a penny, apparently owing to the harvest realising a good yield of A grade. These are moving out locally at 5s in small lots, and B grade at 4s lOd.

Chaff.—Steady at £lO :15s ex store for best southern. Merchants are expecting a shipment of Tasmanian early in April.

Pollard. —Orders are now- going forward to Australia for regular shipments of small quantities to conlinuc during the winter. Maize.—The balance of the South African shipment arrived by the Maungnnui from Sydney, amounting to 7000 sacks. The quality is good, with no sign of weevil, and further sales of small quantities ex store arc being made at 6s 9d to. 6s lOd. Fertilisers.—A record sale of fertilisers for the season see/ns to be assured, for immense quantities are going out from the local works every day, chiefly super. Large shipments have arrived from overseas, chiefly Belgian basic slag, amounting in all to about 20,000 tons, and most of this is being delivered at once. Potatoes.—Business has lately been almost confined to supplies from the

Rangitikei distreit, and an occasional lot from Pukekohe. The price has been maintained at £8 ex store, but early next week a shipment is expected from Canterbury, and this will probably sell at a reduction. Onions.—The market is decidedly weak, the large crop resulting in a wholesale selling price at Pukekohe down to £4 10s. City merchants are asking 5s 6d ex store, but the demand is not very heavy-, as buyers do not take any quantity to store, on account of the risk that they may not keep. Poultry.-—Cockerels, heavy, prime, 6s to 7s lOd each; not prime, 4s to ss; light, prime, 2s 6d to 4s; not prime, 2s to 3s; fat roosters, heavy, prime, 2s 6d to 3s 6-d; light, Is 9d to 2s 3d; fat hens, heavy-, 3s to 4s; light, 2s to 2s 3d; pullets, heavy, best-, 6s to 7s; smaller, 4s to ss; light, best, 6s to 7s; smaller, 4s to 5s 3d; drakes, young, prime, 3s 6d to 4s 4d; ducks, young, 2s 6d to 3s; turkey hens, 7s; gobblers, 17s to 18s 9d. Dairy ’ Produce.—Hen eggs, first quality, special grade, 2s 5d a dozen; A grade, 2s 4d; B grade, 2s; duck eggs, special grade, 2s 3d; A grade, 2s 2d; B grade, Is did; farmers’ butter, Is to Is 2d per lb.

TALLOW IN LONDON. Messrs Dalgety- and Company-, Ltd.! report having received the following cablegram from their London house, dated March 26: Tallow-. —-'The market is unchanged, except tallow mutton, which is? 6d lower. TE AWAMUTU SALE. The New Zealand Loan and Mercantile Agency Company, Ltd., Hamilton, report: At Te Awamutu sale on Thursday last w-e submitted a good yarding of fat and store cattle and a large entry- of sheep, with pigs in full supply. Beef sold under steady competition, and values for • well-finished cows were a shade better than at other recent central markets. A line of nieequality Jersey heifers in calf attracted considerable attention, and wc sold several pens at £l2 per head. A fairly large entry of wcaner steers and heifers met with a good inquiry and practically' all changed bands. The demand for sheep was only moderate, but most lines were disposed of. Wc quole: Fat steers £l3 is, light steers £io 15s, heavy fat cows £8 :1.2s 6cl to £9 7s 6d, medium £7 10s to £8 2s Gd, ligh.l £6 5s 1o £7 2s Gd, killable cows £4 18s to £5 19s, fleshy boner cows £3 Jss to £4 14s, others £2- 15s to £3- 11s, 18-mont.li steers £4 5s to £4 18s, wcaner steers £2 7s to £3 3s. wcaner Jersey and Jersey-cross heifers £2 6s to £3 3s, small 5s lo 375, rising two-year Jersey heifers in calf £lO 10s to £l2, works bulls £5 to £8 10s, forward two-tooth wethers 23s 4d, store w-ethers 18s, fat lambs 19s 3d, w-oolly mixed-sex lambs 14s Gd, woolly wether lambs 13s, shorn wether lambs 10s 3d to 12s, small do. 7s lOd to 8s Bd, sound-moulh breeding ewes 18s, aged ew-es 10s to 13s. Pigs: Light fat porkers £2 17s to £2 19s, large store porkers £2 to £2 7s 6d, medium 27s Gd to 32s Gd, slips 22s to 265, weaners 7s to 15a.