COMMERCIAL.

Waikato Times, Volume 108, Issue 18165, 1 November 1930, Page 4

COMMERCIAL.

% BANK OF ENGLAND. i THE LATEST RETURNS. ' 1 United Press Assn.—Elec. Tel. Copyright. LONDON, October 30. The latest Bank of England returns are: Issue department. Notes in circulation £355,626,061, In the banking department £63,877,611, total £419,503,672; Government debt Ell--015,100, other Government securities £232,893,432, other securities £ll,627,229, silver coin £4,464,239 (these four' items constituting a fiduciary issue of £260,000,000,) gold coin and bullion £159,503,672, grand total £419,503,672. Banking department: Proprietors’ -capital £14,1 553,000, rest £3,101,754,'pub1ic deV posits £20,970,446, other deposits, bankers’ £55,693,833, other accounts £35,001,938, seven day and other accounts £2,187, total £129,323,158; 'Government securities £37,666,247, other securities, discount, advances ' £4,248,890, securities £22,367,152, notes £63,877,611, gold and silver V coin. £1,163,258, total £129,323,158; proportion of reserve to liabilities, 58.20 per cent; short loans, 1 7-8 per | cent; three month bills, 2 d-16 per ; cent. BRADFORD TOPS MARKET. LITTLE 'MORE BUSINESS. t United Press Assn.—Elec. ; Tel. Copyright. t , LONDON, ,October 30. f At ( Bradford there was a little more ■j£ business- in Merinos, but crossbreds |. were unchanged. ‘ Quotations: sixtyf fours, 24d; sixties, 22d; fifty-sixes, j., 17d; fifties, 14d;, forty-sixes, 12d; £ ..forties, 12d. «■; *i'. • • . : t AUSTRALIAN PRODUCE. United Press Assn. —Elec. Tel. Copyright. . SYDNEY,- October 31. i Wheat, bulked 2s lOd, bagged 2s y lid; flour, £8 10s; pollard, £5; bran, £4 10s; potatoes, Tasmanian £7 10s, • Victorian £6; onions, £4 10s; oats, [ white 3s 9d, Algerian 4s 3d; maize, t 4s. ADELAIDE, October 31. 4 Wheat, 2s 7d; flour, £8 ss; bran, iy £4 10s, pollard, £5;. oats, Algerian M 2s 3d. ®,| j MELBOURNE, October 31. H'■ Wheat, 2s. lid; flour, £8 15s to y £9; bran, £4 15s;' pollard, £5 ss; > • oats, 2s 6d; barley, English 3s; 4 maize, 4s 3d.' a AUCKLAND PRODUCE.. *os '• ■; I ——’ - Wheat. —The wheat market re- | mains very firm. The general through it store price is 8s a bushel. Oats.—The' oat market is steady at \. the recent reduced quotations. The general quotation- for B Gartons is i; 4s 7d a bushel through stores. A’s ■/ are 2d dearer. ; ; , • Barley.—Merchants are taking ad-

vantage of the lifting of the duty from..- imported barley, and orders have been placed for Australian barley on a basis of 2s 7d a bushel f.o.b. 'at the port of shipment. Undressed barley is selling at 4s 6d a bushel ‘through store. Bran ,a.nd Pollard. —The market is iweak. The Australian market has shown further weakness, and quotations across the Tasman are under £4 a ton f.o.b. The local mills have reduoed their) price to £6 10s a ton for pollard and £7 a ton for bran. Chaff. —A heavy shipment of Tasmanian chaff arrived early in the week and the market tends to be over-supplied at the moment. The spot market is weak, and nominal quotations for Tasmanian chaff in bags range around £9 a ton. For chaff in hessian bags quotations range .around 20s to 30s a ton ,lower. Southern chaff is quoted at £lO 5s a ton.

Maize. —The retail demand is good, but there is very little activity in wholesale circles. Business is being done in Bay of Plenty maize for delivery south of Auckland on a basis of 4s lOd a bushel f.o.r. VVhakatane. At Gisborne sellers are -asking 4s 6d a bushel f.o.b. Potatoes.—Auckland traders are 1 dealing in pld. season’s potatoes and stocks at the moment are rather light. The Auckland trade is rapidly going off old potatoes. The market for new potatoes dropped £3 I.os a ton, at which price they were quoted* f.o.r. at Pukekohe on Thursday, when' the price was £l3 10s a ton there. Onions.—At the moment the Auckland market is working on Californian onions, which are selling at from 18s to 20s a sack or case. A limited quantity of repicked , Australian onions is selling through store at 15s 6d a cwt. Indications are that cheap Australian onions will be available late in November. Victoi’ian Globes have been offered around Auckland .for shipment towards the end of November at £6 a ton fo.b. Melbourne, and at £5 a ton for December shipment. Poultry.—Cockerels, heavy breeds, prime, 6s to 8s each; not prime, 4s upward; light breeds, prime, 4s to 6s 6d; not prime, 3s 6d upward; fat roosters, heavy prime, 2s 6d to 3s 6d; light, 2s to 2s 6d ; fat hens, heavy, 4s ‘toi ss; light, 3s. to 4s; drakes, young, prime, 3s 6d to ss; old,’ 2s 6d to 3s ; ducks, young, 4s to 4s 6d; old, 2s 6d to 3s; geese, 4s 6d to 6s; turkey hens, 5s 6d to 9s; gobblers, 10s to 18s 6d; guinea fowls, 4s to 6s. ' Dairy Produce. —Hen eggs, , special grade, Is 4d a dozen; A grade, Is 3d a dozen; B grade, '1 2d a dozen; C grade, Is a dozen. Duck eggs, special grade, Is 3d a dozen; A grade, Is 2d a dozen; B grade, Is Id a dozen; C grade, Is a dozen. Farmers’ butter, 8d to lOd a lb. MEAT MARKET. • QUOTATIONS IN LONDON. Dalgety and Go., Ltd., has received the following ■ cablegram from its London house, dated October 30, regarding the frozen meat market:—.. New Zealand Prime Lamb.—Canterbury, 281 b to 361 b, BJd; North Island, 281 b to 361 b, Bjd; Canterbury, 361 b to 421 b, B£d; North Island, 361 b to 421 b, Bid; Canterbury, second

quality, 7id; North Island, second quality, 6 7-8 d; Canterbury, 421 b to 501 b, 8d; North Island, 421 b to 501 b, 7|d. The market for New Zealand lamb is weaker; the demand is moderate. New Zealand Mutton. —Prime Canterbury, 481 b to 561 b, 5 7-8 d; North Island, 481 b toi 561 b, 5,5-8 d; Canterbury, 561 b to 641 b, 5 3-8 d; North Island, 561 bto 641 b, 5 l-8d; Canterbury, 641 b to 721 b, s|d; North Island, 641 bto 721 b, 4 7-Bd;' Canterbury ewes, 481 b to 641 b, 3 5-8 d; North Island, 481 b t0'641b,-3id. The market for New Zealand mutton is uncnanged; the demand is moderate. Beef. —New Zealand prime ox beef, hinds, ! sid; fores, 3 2 d; , ,^ rgen w e chilled, hinds, 7*d; fores, 4id. The market for New Zealand beef is firm, the demand Is fair. p or k--New, Zealand porkers, 801 b to 1001 b, Bid; 1001 b to 1201 b, 7id; English pork, 801 b to 1001 b, 9d. The market for New Zealand pork is weaker; the demand is poor owing to the warm weather. STUD STOCK SHEEP. N.Z. CHAMPION AT ROYAL SHOW. Messrs Wright, Stephenson and Company, Ltd., who selected a Southdown ram for Mr Padbury, of Western Australia, have just been advised that this ram was awarded the West Australian- Royal Championship at the Perth Show. This is a very good performance, as the ram was shipped via Melbourne, and only landed at Perth on the eve of the show. Messrs Wright, Stefphenson and Company, Ltd., have just landed from Australia a high-class stud merino ram for Mr James Stevenson, Flaxmere, *'Canterbury. This is the second ram imported on Mr Stevenson’s account this year, a special stud ram having been purchased at...the Sydney Royal sheep sales from Messrs F. S. Falkner and Sons, Ltd., Wanganella. The latest importation is from the stud of Mr Sage Bruce, Loombah, Cumnock, New South Wales. This ram is a particularly yvell-woolled sheep of good frame' and very high quality, and should prove to be a good acquisition. In connection with the importation of merinos from Australia it is worthy of note that Mr W. D. Fernie won the championship and reserve championship for rfierino rams at the recent Royal Show. The two rams were from'the flock of Messrs I*. S. Falkner and Co., Ltd., Boonoke.