COMMERCIAL.

Press, Volume LVI, Issue 16729, 12 January 1920, Page 9

COMMERCIAL.

BANK OF F.XGLAND TZTURXS. (By Cable—Pre«j Association—Copyrivit.J tAcstraliin acc N.Z. Ca.bif Association.) • Received Jacuarv' lltli. 5.5 >• i:.' • T.OXDO;'. "ji'.'ii. v : . Thf: Bask cf Er.;iand returcj !or 'r.« »eek ecdeo January 7th, '.Lo l .ic».:r.j comparison Doc. "is:. Jir. T;l:. Coin ar.'i JiV l -" Reserve . H.lti.C'O'* IO.MC.OtO Proportion rescrvp to liio:iit:e.-.. per c?r.*. ."'.J"otc«» :r: rirculatior. .. ni.-oO.'t") Public . *0 C' *' '" 'J "21.463.f(<V) Other cj' pnsi-.i . : ,r..V. 137.25fi.000 Govcmni'r: secari'ic* iV'.rin.'. r, Other fto.^Tj.'■■'<l Sbor 4 . loarj. p-• it.'., 'hzro bills, S 3-ir, per c:r.v' GOTEBXMEXT ?EriT.IIIE?. The following sre th* <rio'.4t.e.-.» {?.* GoTerament securitte*. -i cixpariKj" ''ilh thoe.' rulic- l.«?t ■*«?':: — ]>.-■-: vrc'-:. Tb: % -v cc K. £«.d. t a. d. 25 T 4 *" cent. l:v.p. C .r. ,i 1 0 0 S! 7 0 i per cent. Imp. VTar Loan . M 10 '.7 r, IJ rer o«r.'.. Imp. War I.nan >'• 0 1. f„; 0 >i i>cr c.r.!. Cv't-ai'.!: /.•; 0 'I 0:, 3 0 x 'ii'. :-Jcr.ii. 5j per cent. C'wea'."'. Litir. 5 0 59 £ 0 X.S.W. <1 133?, Jar...Tu:y 70 0 0 79 0 0 X.S.W. 3Vs. 1935-.*o, April-Jan.-Jul-' C 3 ti ft'. 1 1. X.S.W. r/f. 39;!5. Aprii-Ortober f '" 0 Cf> 10 n Vir. I>. :tv:3. .1 ,ir..-Ii". 07 13 a 57 10 0 Vic. ;U> ]o:i-6, ,lsn.Ju!v ■ < -t 13 (> 13 r, Vjc. Si's, 1929-10, Jar..Jul-.- .. f.S 13 n fi? :c 0 Vir. .T«. 1320-49, .Tar..Julv 39 13 rt SO '.7 •; Q'land 4's. 1925-25, Jan..Till— .. Ron .'X-I 7 c. Q'land Si's. 1921-SO. . Jsn.-Jiy. ?7 <• 0 S7 0 0 Q'land S'l, 1922-17, Jar...Tulv 35 10 0 of> 17 (5 X.Z. «'s, IS2D, MarXov. .. ?< 0 0 fl 15 0 X.Z. 3i'», 1940, Jan.July . t',9 f > '1 GO .") 0 X.Z. .i's. 1345, AprilOctober rn r> r> r-r, n S.A. 3'», 1916 or after S3 n r. CP 10 0 iS.A. Z-.e. 193SJ. -Tan.-Jiy. .VI 11 .. ii IS h Tas. nl's, 1020-!", Jan.- ' July .. 1)9 3 0 C-S 7 6 Tas. •" s. 1920-40, Jan.July .. €5 0 0 tifi 0 0 W.A. 3J's. 1520-35, Mar- - Xovemb»r 74 15 0 74 la 0 3's, 1915-35, MayXovember .". 70 12 6 71 0 0 BRITISH CURREXCY XOTES. (Received January 11th. 5.5 p.nO T,OXDOX, January S. According to a Treasury staieraent, the ralxio of the currency notes issued to dat« is X1,.>13.111,600, of which X317.9D5,732 are outstanding. FOREIGX EXCHANGE RATE?. (Received January 11th. 3.5 p.m.) .LOXDOX. January F. The foreign exchange ratrc aro ruj fellows:— Par. Jan. 5. Jan. 8. Pari* fr. 23.22 i 10.SO 41.95 Stockholm Icr. 15.1 fi 17.K6 17.KS ChTistiania kr. 18.If, 1fi.73 1P.90 Calcutta rpe. 10.1 28Jd 28d Montreal doi. 4.58 4.12 4.06 Xew York dol. 4.56 3.79J 3.702 SHARES. CReceived January lltii. 5.3 pjc) LOXDOX, January 8. P. aisl 0. (def.) —Buyers XCOO, XG2O. EXGLISH .\LVRKETS. (Received January 11th, 5.5 p.m.) LOXBOX. January 8. Wheat—Tho market is active. There is a Rood demand for Australian parcels on pussajre. Several huvo be-on sold at 61s l*r quart?:. Little i« offering on spot. Flour—The market is quiet, but ftteady. Oat»—The market 13 iirm. Xovr La Plata on spot 3os. Peas and Beans—Tho market is quiet and unchanged. Australian bsrley is in good .Icmand. • SUGAR. (R«ceired January 11th. 5.5 p.m.) I6NDOX. January 8. Sugar—Priecs »re unchanged. BRADFORD WOOL MARKET. (Receivol January 11th, 5.5 p.m.) LOXDOX, January 8. The Bradford wool market i.i quiet perdins the oponin? of the London sales on Monday. FLOUR MILLING. (Raoeirsd J&miorr 11th, 5.5 p.m.) I.ONDOX, January 8. The Ministry of Food has instructed miller* to increase tb« extraction of flour from Australian wheat 1o 80 per ccnt. TEEL SirVER COMPANY. CR«ceivcd January 10th, 5.i» p.m.) January fl. Th» annual halanee-eheot of tho I'ccl Rj£«r Company shows a pro/it of X74.JM. Tho cum of has been carried forward. Tho directors 'proposo nrw articles of ciation, ompoworinf: the company to extend its operations to any State in Australia, X«w Zealand, and Sonl-h America. » PHENOMKNAL POTATO PRICES. BRISBANE, January 10.

As n. rewult of the nhiprinjf hold-up, jpota<om are nellins at tho phenomenal price of £50 p«r ion.

TAi.LC'V.-. The Xpt 1.-in J''.i Mrrr I A;;eacT Co.. L- :.. . <!• if havinc !tol:owir.2 cab>_-ri!:'. from attr Jur.-.tr- 7<h -Wo o':iV<- P- 9- • aeat :>r i»<« ;y.>wjr,c uc.«<T!3i tiona <-.( ■ r'v.c n-i'.lnii Xa tJ r c " ! 2<xvi £j •> i-t- c-r:. m:.-H £1 ' l * ; P" r or:;. derr.ar. i. M;«;ket fiim." . j Dkifrffy ,ir( >.. . I'i'-* rfcor a I rab'tcrom ir.*'- l.'itioou ctI fice, dated .T;i:. i..rv T:h —"TjlL'w—A: tne | metiers 203r< w<re «7cr*d. au 1 ; sold. Tbrrr .irrr.inii :■" i t<»n tallow, for v.; -y-. - r quo** •»' '■eef tallow A r .. U'- ''" r •'*' , cood .-olo'jr mixed 3>iS». exceptional." !>'S»: for fair roiour ;--.ircri and for nuxcu or no colour 3Sri per SOARING PRICES. WHITTI LEAD AN'D W.M.L T.\rr.n.-. Prlct, :*- r ."I -.yrnzuj.* verto fo ir •kr-h.IR -a-*"-*' :! "- r !4> . Bt . I The re ;? r,-t .. •>: , i;er? Im: -vko ran •• eX'n.jrirj: tal^oa ■' • *h.> n:.in-:-r ■ r " < '' : T " in .ire r'.r.r in p:ic -i-.u r.w eM siva i:v jrlca * »•>'*: :ne_ ...-1..M--*: ;« like'- -o iy.-.ow there .v::.'. J?pa:-er.-o f..V. ;i '.) the r..*T!a<l pron.enis that are faf.t.s *.he niar.-;:.-<-S«rer» ahroad. Or.e -,-W. ":.r:n ir. vrhioh handle* r. l.irre number of a.terxits. iam.r...n? the -hat ,«M« ? had <<*« r<■ reived snJt '.r.-.* rnc«* or waite '©ad «•»#»'nuo:«\'. '.'.r. Ixiniior.; IT.", .*-< M■" toe. whirli t.iealit I*.M to £*S in ( >e«- /^\- lan'i Ari'Tir.. **•>« "• •> ; V' j-h" e.}!.:<i r..'* <i*' thvish cramarvy tao : ui;. <•,.* .v.,- " Vj.i , iV-tu tl:a*. ir•r\. At»stM:!.»i F™''» ""TO a •'•i- 4 !''"- tc.t: «•:>«•» '.hev. ai .■ "Hi", '.•>■>!: tnetr Ito :r.i!i! til" I.ciidon prue. il.at titer.' w.:a vet-.* little hipe of rc'.i:t* fmni I't-.t. qtiortcr. The for «lute iea.l *vaft from l »r> £27 r°r t n n. 1 r.c *^1 -.•."r=-51.--. v.ere sli-o so'irins. ,v "*" k i -et".t'i ir. Wellington for .-out'' American varr:ihe« hsd r'coivo-l orvlrr? i y eaol« to eareej all l:!»'.f. n'eantrp. that f.ir ll 1 " tinto bemff thev '."rf nr.abl.' to quote ,i* a:,. Another aIVH lire tb.it wo« reflectm? the i-revjiiinc a«nreeiti«i"ti •■'as *•*•*«U pap't.-. _ A rsbi'srain rr.-ei-.t i.tit. Iron: ixinden ao.'iii_:~ *Jio N<w .xniard acer.t> of a 20 j»- re::', riff. or.d Ani"r-oen ■;thntif^r:titey>; i-t 'bat j;ii n nJu r.inccnea avl lifts f-'r tbo present. *" From h:« corTo-rtondenco the "Dominion.. informant. r>ouced 'hot. ia'no-ir r;as tlv ?eat o; the trouble. N'oi only -Tas skilled, .anour fiifticnl*. to secure, cut the men. whiift roc?iv4 v.i~cs *o 'loui>ip tho pjc-vr.i? rat~>. "wero <-n:v produrinp afcou; hai: the . quantity. In "that manner wae .obour answering the urrer.t call for more intend nrndiiftion. Tn« ' ?o-f1ow" microuo han mfecter! the whole tvorld of lp.bottr, and the : ptiMic had to pay the pi?T- or'nllion* coulrl oniy be cured by a bi; slump, ' r'hich was not SO i®r o" as 60ni ® 1 people imagined. 1 MAKLCOROUGH WOOL CLIP. ' (SPFCIAIJ TO "THE rnE?5. ') i BLENHEIM, January 10. i The Mcorid o; tli<i wool initiations condnctI e<l «ft. Blenheim this feo=on, villi a i-mau 1 rhowtn? at I'icton,. occupietl the attention j of the (1 overr.men:' eipsrta for three _dayE. ■It was finished to-dav. The collection, comi p.'ising cooic.vhcro about ?000 bale?, was, aa .to its proportion:?, a record one' for this | ccntre. It ''.'.is agisted in this respect by the favourable r.aturo of the shcaxinp «s»son, the line wcnthcr enabling, tho incltision of clips from jnany back country stations, whow deliveries do not usually come forward until February. Tho display plainly reflects tbe )H>or rainfall and tho ehortajo of feoci with which tho farmers have had to contend. The quality of the* wool was not up to that, sliotrn at thia timo. last ycir. Hipht throuph thene tvoro s of drought, and in Rome ruses absottito starvation, was cvidcnced to a. ccriiin extent. The wool wa? «nd a portion of it was tender. Tbo eloainfj and skirtinsr wore somewhat indiff«rent> Iho aJtirtinj in eomo of tho smaller clips beinp very badly done. So far as prices <vre conoerncd, Mtw> (jrowera did better than last year, but they wore not ro numerous a.? thewe who cauio down a shade. Mr C. Goulter, of Blairich, obtained tho top price of 23d for super A. The ruling prices for halfbreds wero anything from 18td to 20id, crossbred* 1 Gkl to l!)tl, bellies from l.*kl to 13d, and locks from 6Ja to B\d. The qoneral average for bellies, T>iooe«, and locks was below last year's value. In the other o.la«!ou ln«t year's pricos were tapped in tomo instances, but rnoro crowers came down the fcaio th.an went sip it. The basis of valuation vas exactly the same aa that worked on last year. On the whole, prowers eecm to bo well satisfied with tho Tteults.

OTA HO WOOL TALTATIOX. MERTNO REALISES 24id. (srECIAI. l 4 "THE PJIES? ") DUNEDIN, January lf>. The fourth valuation of Otiigo wool under tho Imperial Uovcrnmen t'R commandoer ►chcmc just covercd about 7000 bale*. Tho nevrerity oi tho last winter, and consequent scarcity of food resulted in a light clip, and tawed tho wool. this seuson to lx\ for tho most part, shorter in tho staple. Tho hogget wool i» more or loss tender, whilo tho cwo »nd wether wool lias i very stained appcoruncc. Strangely enough, this Boison's merino wool, compared with that of last voir, ia in much bettor condition. This may b*> accounted for by the fact that, w Hie «over« winter kiUel off a largo number of sheep upon tho high land* whore tho merino livc«, this prazing country was to an cxlcijt under-stocked. Tho valuation just fininhcd was responsible for an jibeohilc record price over tho wliolo scriea of valnati<«i», two b!Uea of merino wool, grown oa ilr A. D. Bell's Ida Valley Station, being valued at I24jd per lb. Somo very nice linos of station wool were forwarded, nnd tlwo wero valued ut 'prices which must be considered patisfactory to th» grower. ITio beet price in halfbrcdn, 2Jd, wa« obtained for 21 balos prown by Mr Punnett, of Hill Springs, Roxburgh, and.for 10 bal« gTown by Mr Ay?on, AVaikaka. The?a two line* were of exceptional quality. The aver*go price for pood merino wools ran ont ai from lPd to 3VI por H>, and for hallbreds from 17} d to l!)d. Good average lo'a of fino crossbrcdn were vaJucd at from IGJd

v. 37-d per 1I», .%nd crovtbrcd.i lEd to ITd. The prices . interior "A.vil from 14d to iod. Medium and coarre air brir.-ir~ higher price*. comparative.v speaking, in NVw /Va-land than :* • n realised i". Ix'ml'n. thnwtn t1. ,; . <•> ~re iniffii li"-" h: :e A^iinriri'ON" Vi\iiKK'r. Pricticallj- nothir.? ia i« tb' ! r » 18 and prcdiic ir.arkct at, pri-v.i'. old peaBon's oroi i« rot yo: ,»n on-yr. A :airly i«W arc* ct oats is no*v :ii '" 'd tIttoikljH".!T operatior_-. have jus; <-<l. i.i.t tin samples of r.o«- oatj ;>rf ;:>r yrt rcprr>d ,n havo chanpcd h.nv]-. Tiic market, will, no doubt, be opened t'iii.'> week i>otn ffr OJtJ and ryojrni a?, ar.d altii:>if:li v.» pricts c.in yet 1*» quoted it is the general opininu that vahios v.-ill opon firm. N"r> o'.d wheat is ava'Jable. and the new r-op wi!! r.ot l>o ready for about a month at. the oariioet. STOCK AND PRODTCK SALE. At the- -.Tcekly atock and prrdnco file at Ashbnrlon on Saturday, horn mado ttp to <«s Id, rooaters to 7f. and ducks to Ga o<l, all per pair. Kat pigs made _ifp to £3 lis. porkers to 81fl, stores to 5Ze, woanors to 4'is, and calves (o los. LAND SALES. .Ton of, Mcf'rastio 'Computiy, Ltd., eo.d bv public auction, on Saturday, in their Lard SaJerooms, on account of the estate of the lato Comer, a eect:on comprising about situated oil Iloon Har road, Sprey. don. for i'llo. to Mr J. T. Wicks; and on account, of tlio iiwr.cr, n- section ooiita:aing 1C pert hea. eituato on the Esplanade. Sumner, ivith frontape also to Orafton street-, for £<10, to Mr A. Hyde. TATTKIISALL'S HORSE SALE. Messro 11. >fatson end Co. had «m entry of 41 horscA on Saturday. Amos? the yardinjf were ecvcral horec« of outstanding quality, and theso met with remarkably keen competition. For torta the demand wns good, and the sale all through w:u» highly euecossful. Among tho pales made were: — For R. Gejnmell (SouthbridßC), five-year-old pcldinir, X3T; Tai Tapu Dairy Company, ecven-ycor-old Reldinp, £3S; Wilson (Bromley), ucvcn-yo&r-old marc, X 35: M. Watson (I'apanui). three-year-old cob, £15; client, trotting geldin? Gold Stanley, £13: client, eix-ve.ir-old tnare, I'll; W. Bedford (Courtney)," five-year-old mare. £28; client, eight. oi?ht-year-old mere, £13; client, *ix-year-old harnesa peldin?, £12: client, eix-ycar-ola coidiu?, £13. A Urge number of useful harness liorees wcro sold ot fr°m £6 to £Q and dorrn to £3 for aged and stiffs.

SATURDAY'S POULTRY MARKET. llcaara J. B. Merrett and Co. hud » heavy entrv of ponltry on Saturday. Owing to the <ced "shortage there was a largo proportion of half-grown bird?. Prices wero firm for puffiO quality. Tablo chickcm realised 6a Gd to 1G« Gd. tablo ducklings 16s Gel to 15* Gd, ducks 7* to Us. lictM 4s 6d to s» Od. pullots. 7b Ho 13a Gd, gees© Oa to lis, all per pair. KCiG MARKET. E-gs continue to crane in freoly. nnd thcro i» a pood demand. All tiro surplus egg" from tho holidays hxvo cJcarcd, and prices armed. Canterbury Egg Circle first grades aro Is seconds 1« 10d. Competition ejrg6 realised by miction to-day 2» (hens), and la lOd (ducks) per dozen). 6 1-'AIIMERS' BA_LirV ARD.S. IT. P. Claridgo nnd Co. report hiving aold, at their weekly market:—Hor&os, -6 oniric*: Agod sorlfl 15a to £-» half-draughta and gig liorfcfi from XI to £12, polo pony £31 10*. Store pigs £"2 10b to X 3. woancrs 25a to rWs, Gd; f.W p do? pups 15s to £1, dog-cart jC*l 10«, jogger i:lt» 10s. k° x ss ' r.t 'H"' XT i.t. gig £12, motor bicvclc £IH, Fcp.i?arors £S, £3. £3 10s. ecto hanicKS £o. X 2 17s fid. leading harness Xi, 2 8.13. cliaitia £-, collar and h. 13*. 10s, awinglotrccfl XI, flaws ;uid wedges £1 in Gd, gate £1 iM (3d. spades &J fid. 7s Cd, duchcsw £2 aa, piil. iron at lid per foot, 2 epray pump* 1-3, cultivator £:l ! •*>. and. largo quantity sundries. OaKilieai (damaged) a* to os 3d, oat-ah«if (prime) to 8s fid, pn: pens 18» to XI. P'S moal lfift to XI. pi? potutoe* 2s to .Is per pack, sides bacon la to la 4d per ll>. Poultry (Saturday) -Ducklings 10s to I 2« Od, ducks fa to fm 3d. liens iis to .4s r*i, tablo chickens (> to 11» fid, gceeo IWi-to 11", hU per pair; hen and !) duckLinga 15s. I'". P. Clsindgo mid Co., Tuain and St. Asaph streets West. •>