COMMERCIAL NEWS.

Waikato Times, Volume 111, Issue 18642, 21 May 1932, Page 9

COMMERCIAL NEWS.

BANK OF ENGLAND. WEEKLY RETURNS. United Press Assn. —Elec. Tel. Copyright LONDON, May 19. The following are the Bank of England returns for the current week: Issue department.—Notes in circulation, £358,439,566; in the banking department, £39,390,474 —total £397,830,040. Government debt, £ll.015,100; other Government securities, £198,677,515; other securities, £61,486,959; silver coin, £3,820,426 (these four items constituting the amount of the fiduciary issue total £275,000,000) ; gold coin and bullion, £ 122,830,040—total, £397,830,040. Banking department proprietors’ capital, £14,553,000; rest, £3,214,168; public deposits, £21,426,913; other deposits, hankers, £74,602,046; other accounts, £32,617,945; seven day and other hills, £IOB0 —total £146,415,152. Government securities, £72,944,656; other securities, discounts and advances, £11,689,473; securities, £21,698,088; notes, £39,390,474; gold and silver ooln, £692,461 —total, £146,415,152,

Proportion of reserve to liabilities 31.10 per cent; short loans 1 3-8 per cent; three months bills 1 3-IGtlis per cent.

“MIDDLE RUN" JERBEY STUD. SUCCESSFUL DISPERSAL SALE. The dispersal of Messrs W. 11. Booth and Sons’ “Middle Run" stud on Wednesday, May 11, attracted a widely representative attendance. Founded in 1903, this herd has a continuous record of success. During almost thirty years it has distributed some of the Dominion's most notable breeding stock and one of the most gratifying features of the sale was the large attendance and keen competition from old patrons. North Auckland and Waikato breeders operated freely and breeders from Taranaki, Manawatu, Poverty Bay and llawko’s Bay also figured prominently. Local competition was somewhat checked owing to the severe drought experienced in the Wairarapa, but it was pleasing to see a good number of these splendid cattle remain in the district. The cattle were brought out in very pleasing condition, their coats and capacity showing the robust constitution for which these cattle arc noted. Competition was well sustained and the satisfactory average under existing conditions of 25 guineas was obtained for the entire offering. The sale was conducted by The Associated Live Stock Auctioneers Ltd., and Messrs Wr’ght Stephenson and Co., Ltd., in conjunction. Following are the principal sales of interest to South Auckland:—

Rewa Querist, 1930, R. Sanderson, Otorohanga, 35gns. Rewa Sainfoin, 1922, V. McD. Hitchings, Otorohanga, 27gns. Rewa Cantata, 1928, W. 3. McEwen, Cambridge, 25gns. Rewa Galaxy 1930, Y. McD. Hitchings, 20gns. Rewa Canvas, 19 25, R. Sanderson, 30gns.

Rewa Scintilla, 1925, R. Sanderson, 40gns. Rewa Scintillate 1930, V. McD. Hitchings, 21gns. Rewa Fremontia, 1929, W. S. McEwen, 40gns. Rewa Balm, 1925, R. Sanderson, 26gns. Rewa Sunspot, 1929, W. S. McEwen, 40gns.