COMMERCIAL.

Dominion, Volume 2, Issue 455, 13 March 1909, Page 8

COMMERCIAL.

THE SHARE MARKET. Yesterday sales of Wellington Meat Export, '£4 paid, at M 17s. Gd., and Westport Coal, at £6 25., were reported, and a sale , of WestportStookton Coal at Bs. Gd. was mado on 'Change. Bank of New Zealand, sellers £8 12s. Gd.; rational Banks, buyers £5 25.; Wellington Investment, sellers Us. 6d.;. Wellington Trust and Loan, sellers ■ 2a. 6d.; Wellington Deposit, sellers Os.; National Mortgage, sellers £2 155.; New Zealand and River Plato, buyers £1 13s. 3d.; New Zealand Loan and Mercantile, eellers 3s. 3d.; Feilding Gas, buyers .El; Wellington Gas, ,£lO paid, buyers J316 175.;. £5 15s. paid,* sellers £12 10s.; now issue, buyers 12s. Gd., sellers 17s. Gd.; Gear Meat, £1 paid, buyers, ,£2 103.; Wellington Meat Export, £2 125. 6d. paid, sellers £3 Is. Gd.; Union Steam, buyers .£1 14s. 9d., sellers £1 15s. Gd.; Wellington Woollen, ordinary, sellers £3 ex dividend; Westport Coal, buyers .£6 Is. Gd.; WestportStockton Coal, buyers Bs. Gd., sellers Bs. 9d.; Loyland-O'Brien Timber, sellers £1 2s. 9d.; Now Zealand Portland Cement, buyers £1 155.; Taranaki Petroleum, buyers 7s. 3d., sellers Bs.; Ward and Co., brewery shares, sellers £i 17s. THE MINING MARKET. ■ This market was dull. A sale of Komata Reefs at 7d. was all the business reported. Tho quotations were as under:— • . . ' Buyers. Sellers. Sales. - £s. d. £s. d. £s. d. Waihi G'd Junction 15 6-103. — Waihi 817 6 819 0 - Talisman ... ... 2 5 6 2 G 0 - Waiotahi ...... — 0 2 2 — Komata Reefs ... — — 0 0 7 Tangiaro, Is. paid — 00 5 — Tangiaro, lid. paid — 0 0 4 — ' ■' ■ _ THE MONET MARKET. _' _ •_ "It is pleasing to sec that financial institutions generally aro acting with moderation and in a way to produce a steadying 'effect and not making matters worse by raising the (says yesterday's issue of the "New Zealand Trado Review"). It is also stated, as by ■authority that the Prime Minister jlias no intention, of increasing Post Office. Savings Bank deposit rates. It is, no doubt, realised that an upward movement by any one section of tho financial circle would at onco be followed by tho rest) with the result that none would profit by an increaso of deposits." UNION BANK. Tho accounts of the Union-Bank of Australia, ltd., for the half-year ended August 31, 1903, as presented to tho half-yearly meeting held in 'London on January 26, show'that tho net profit ■was £136,38G, to which is added balance brought forward £3G,055, making a total of £172,444. The dividend and bonus together, equal to 14 per cent, per annum, absorb .£105,000, the sum of ,£20,000 is transferred to reserve fund, which .is thus raised to- £1,250,000, and, after appropriating .£IO,OOO in reduction of bank premises account, the balance, £37,#1 is carried forward. The balance-sheet shows that liabilities to the proprietors, including capital paid up .£1,500,000, reserve fund .01,250,000, and profit balance .£142,414, amount to £2,892,441. Adding deposits £19,237,834, circulation £431,915, and bills payable and other liabilities £1,700,750, the balance-sheet total is Tho assets include, cash items, remittances, etc., £8,619,497, discounts, loans, etc., £15,058,830, premises £531,6-16. . .■- LOANS IN LONDON. New Zealand has been a rather persistent borrower in the London market during the past cix months: The Government is now issuing three-year bonds for half a million sterling at 8} per cent, at slightly under par. Since the beginning of the* year the following loans havo been placed in London:— , ..... ... Issue Amojint. Rate price. . '." '.. £ percent. £b. d. Jan! 16, Auckland ■ ' City ... ... 90,000 4 101 0 0 Ian ernment ' °!" 600,000 I 101 0 0 Jan. 22,- Dunedin ■ „„„.,„ „ City ... .-..;-• 206,900 4 100 10 0 100,000 5 101 O-O eStP °t2oo,ooo: ,5 101 00 Mar. lo; N.Z. Gov- ' ..■ . ernment ... 500,000 3J — In-the-past eleven ..weeks a total of £1,690,900 has' been' raised 'Jif'Loridon,' and the interest paya-tile.-'tiiereon- totals '£69,026 per .anau'm^'X. \ '■' THE' W.OOIi MARKET. The competition at tho'London wool sales continues to be very, keen, and if this. is main-, tained a: -further advance in values is likely. The Australasian wool,exports frqm July 1,1908, to-February-23, 1909, as compared, with the corresponding periods of the two previous years, compiled byDalgety and Co., show as under:— ' 1903-9. 1907-8. 1906-7. Bales. Bales. Bales. Victoria ; 418,783 417,191 458,493 New South Wales 749.42S 625,541 662,470' Queensland 139,943 111,116 97,264 S. Australia ... 152,663 152,547 141,064 W. Australia ... 55,051 48,133 38,632 Tasmania 16,997 14,523 ■ 13,615 ''■.. 1,532,870 1,369,051 .1,411,533 New Zealand ... 355,559 307,497 323,235 ' ■ ,; 1,889,429 1,676,543 1,734,773 The increase over last year is 212,881 bales, while compared with 1907 tho increase is 154,656 bales. ' COMMONWEALTH TRADE. The Commonwealth trade returns for January show a decrease of £523,475, or 11$ per cent., in imports of merchandise, but an increase of £2,357,508, or 66 ■ per cent., in exports of merchandise, as compared with January, 1908. Tho increase in exports, however, is partly due to special circumstances in the wool trade at the beginning of last year, when sales and shipments were slackened in consequence of the state of the market" after the American financial crisis. Out of the total increase of £2,357,508 in exports of merchandise, wool accounts for £1,703,917. Wheat and flour Bhow an increase 0f£956,729, due to the larger harvest and the freedom with which farmers have sold wheat, enabling shipments to be made with more rapidity than in former years. Other, articles showing increases include copper, frozen mutton and lamb, and tallow. Decreases are shown by butter, coal,, lead, silver, pc'arlshell, and timber. The decrease 'in imports forms a continuation of the movement which has been in progress for some months past, as the effect of the falling-off in Australian production and purchasing power ■ during the 1907-8 season. Exports of gold and apecie for January show a decrease'of £330,837. Tho Customs revenue collected at Wellington yesterday amounted to £146 i) Gs. 7d. WELLINGTON MARKET REPORTS. . Tho New Zealand Farmers' Co-operative Distributing Company, Ltd., report as Maize, 55.; wheat, whole fowl, 4s. 9d.; barley feed, 3s. 3d.; barley, Cape seed, 3s. 9d.;'oats, 2s. 2d. to 2s. 3d.; seed oats, duns, sparrowbills, gartons, Algerians, 2s. 9d. per bushel; oats, crushed, 2s. 6d.j.liay, £3 10s.; straw, £2 / 10s.;.pollard, £7 lOs.j'bran, £5; sucrosine, £7 per ton; linseed oil cako (genuine), 14s. per cwt.; prime oatenshcaf chaff, £3 10s. per ton; potatoes, prime, £4; onions, New Globe, £6 10s. per ton; butter, separator, 9d. to Old.; dairy pats, Bd. to Bjd. per lb.; eggs, fresh, Is. B<l. per dozen; honey, 60's 5d., 14's sjd.j bacon, sides 7Jd., rolls Sid., hams Bd. per lb.; porkers, 70's to 90's M.,'9o's to 100's 33d. to 4d.; Imconers, 84(1.; choppers, heavy, 3d. per lb.; beeswax, Is. 6c1.; fungus, ijd.; walnuts, sd. per Ib.j cabbage, Is. to" Is. Gd.; cauliflower, 3s. 6d.j carrots, table, 2s. per sack; green peas, Bd. per peck; rhubarb, Is. to Is. 6d. per dozen; vegetable marrow, Is. 6d. per sack; peaches, 35. , , plums, 3s. to 3s. 6d.; damsons, 35.; tomatoes, Is. 6d. to 2s. per half-case; apples, dessert, 6s. to Bs.; apples, cookers, 4s. Grl. to ss. per case. Poultry—Tnble roosters, 3s. io 3s. Gd.; cockerels, Bi. 6d. to is.; table hens, 2s. 6d. to 35.; ducks, 4s. to ss. 6d.—all at per pair. Messrs. Lnery and Co,, Ltd., Wellington, report wholesale prices ruling on the market:— Vhtat, fowl. 4s. 7d. to 4s. 10d.; oats, 2s. Id. to 2s. 6d.; Dun oats, 2s. Id. to 2s. 3d.; seed oats, 2s. 9(1. to 2s. 10d.; imported Algerian seed oats, 2s. 6d.; maize, ss. to ss. 3d!; crushed rr.alt, Ss. 9d.; fowl barley, 35.; horse beans, 4s. Bd., all at per bushel; ricemeal, £5 to £." 65.; flour, New Zealand, £11 10s.; Australian, £11; bran, £1 15s. to £5; pearl barley, £IG: poas, partridge. 4s. 9d.; Prussian blue, Ss. fowl peas, its. 3d.; split. £18 lf)s.; bonedust £6; superphosphates, £5 to £5 55.; guano, .£■! 10s.; chaff (oiitenshenf), £3 10s. to £4; oatmeal £10 10s. to £10 155.; new potatoes, £3 to il 10s.- onions. £G to £G 10s.j molasses fodder £5 10s.; bacon, factory, sides, 7W.; hams 7}d.; rolls, Bd.; prime bulk butter, BkV. Toul try—Hens, 35.; ducks, is. to 55.; turkeys, gob biers, 11s. to 125.; hens, 9s. to 10s.; fresh effgs Is. sd. to Is. fid. per dozen; cheese, Cd. to 6.U1 per lb.; loaf, 7d. per lb.; Akiiroa machine dressed cocksfoot, 9d.; fanners' dressed, 6d to 7d. per lb.; ryegrass, 3s. 3d. to is. 6d. pel bi.sKel; Italian ryegrass, 3s. fid. to 4s. bushel wfcito clover, 70s, to 755. cwt.; red clover, 65s

cwt.; cow grass, 05s. cwt.; nlsiko, 82s. Gil. cwt.; mustard, 40s. owt.; trefoil, 375. Gd. cwt.; inpo'sccd, 2fis. cwt.; Timothy, .12s. Gel. cwl.; Swede and lurniu seed, 60s. owt.; danthouia, is. itl. lb.

SUPPLEMENTARY WOOL SALES. Messrs. Dalgety and Co., Ltd., report :-UV hold a supplementary wool sale, which was tho fifth of tho season. The total ottering from all brokers amounted to 1891 bales, of which . w contributed 951, and sold 803. lllcr ° ™ s £ representative attendance oi buyers J ro-u q, 1 parts, and competition was animated throughout tho sale. Practically no good wool was offering, but medium. crossbreds brought from „„ to Id ner lb. in advanco of ■ Icbruaiy ?ates Lamb*wool was slightly easier. Pieces of all descrintioua also showed an advance on tho as? Sites. Tlu> following arc somo of our principal sales:-SH/P, lambs, .id.; Ul/\ iTa square? OJd.; TAL/P, crossbred, from 6Jd. to 7?d ' AVatorfalls/JG, crossbred, 7d.; lambs? 7,1.; 18/POHATU, lambs, 7<L; AJ v, limbs 7d ; PL/R, lambs, 7-id.; KLU, ciossW. S, 7d.T JT'Springrove, lambs. .iffift'Jfc JP/H in triangle, crossbred, 7J(.i JJJ. Tiil.j Waiouru, halfbred scoured- from 13d to 13Sd.; crossbred, scoured from 8(1. to 111., Dieces and bellies,-scoured, from 7M. to 111.; fuj crossbred, GJd.; L. BrosJOlanmki, lambs, 7kl • PKB in a square, lambs, .(.«}., KB/m. . ssbred, Psd ; P*K/DS, lambs 7W ; Upton Pells, merino, BJd.; GEF, nienno, Hd.; TF/H, indication of prices ruling:— d _ Medium halfbred l\ Medium crossbred »* « '* Inferior crossbred *» f° » ■ Bellies and pieces 3 to *i Stained pieces and locks ... Uto ii Dead * ll\\ ■ Lambs, best <% ° if Lambs, medium ... - » J» »j Lambs, inferior and seedy ... J* to .4J Messrs. Levin and Co., Ltd., TeppH::--At tho fifth sale'of the season about 1500 bales were offered to a good attendance of buyers for this piriod of the season. There were scarcely any go" I wools offering, the catalogues being made up of late shorn wools. Bidding was very keen, and prices ruled, considering conditions at about a farthing advance on the *A™"T ™J»There wai good demand for scouring lots, wheh sold "at Ml, rates. LamW wool of which there was only a poor was somewhat easier. e ,(luote:-Halfbreds, 8»d to 9ld.j late crossbreds, Gd. to id., inferior crolsb'reds, sd. to 53d ; 73(1.: bellies and pieces, id. to 6d.; locks, -d. to 33d. ' LIVE STOCK SALES. Messrs. Dalgety and Co., held a most successful sale of dajri stock etc., at Nai Nai on account of Mr. Jas. i'eiguson. Th£e was a lar°o attendance of buyers, and comp'etitfonwasvery keen throughout the the whole herd of over 50 cows averaging about .£5 15s. Prices realised were as follow :-Co«s in milk, best, £8 10s.; cows in milk, inferior, M boar, 10s.; sows, with litters, £-2 15s. to £3 155.; spring cart, £1; separator, £S ss. bundries sold well at full market Tates.

Messrs. Dalgety and Co., Ltd., report having held their fortnightly sale at Upper Hutt on Thursday, when a full yarding of sheep and a fair yardin" of cattle , came forward. The sheep sold at full market rates, while cattle were slightly easier. Tho whole yarding was quitted* at satisfactory prices. The following gives an indication of prices realised :—Mieep]?at and forward wethers, 10s. Gd.; breeding ewes (mixed ages), 7s. to 10s. 9d.j fat and forj ward ewes, 9s. 9d.j fat ewes, 10s. lid.; cu I lambs 4s. sd. to 1 ,45. 9d.; stoTB lambs, Gs. Gd. to 6s. lOd.; ■jDiill rams, 13s. 6tl. to 15s. 9d. Cattle--Springing heifers, £i 17s. Gd. to £7 2) Gd.; yearling heifers, 325. 6d. to 355.; yearling bulls, 31s. to 325. Gd.; 4-year old bullocks, ,£5 Gs.; vealers, 1 guinea,

.Messrs. Dnlgcty and-. Co. report on their Feilding sale ■ yesterday ns follows:—A smnll entry of sheep-.and cattle came forward. Quotations: Mixed ace ewes, ss. 3d.; cull lambs, 5s Id.; two-tooth wethers, ,10s. 2(1.; two-tooth owes, 11s. Gd.; bulls, £2; forward cows, .£2 155.; forward heifers, £2 Bs.

Messrs. Abraham and Williams, Ltd., report on their' Shannon sale held yesterday as follows:—AVei had a good. yarding of sheep and a fair yardingvpf cattle., Owing to the continued ab'se'hco '.of rain .sheep dragged somewhat, but owners seemed disposed to accept prices offering, and we cleared practically all lots under the hammer. Cattle .wore.dull of sale. Quotations: Halfbred four and six-tooth 9s. 6d.; two-tooth ewes, 11s. Gd.; small ditto., Bs. 10d. to 10s.; four-tooth ewes, 11s: id.; f.f.m. ewes, 7s. Gd. to Bs.; fat ewes, 9s. to 10s. 3d.; rape lambs, 7s. lOd.j store lambs, 4s. Gd. to 55.; fat cows, £3 Is. to £3 7s. Gd.; forward cows, £2 Bs. 6d. to £2 195.; store cows, 30s. to 355.; springing heifers, .£5 12s. Gd.; two-year steers, .£2 155.; bulls, 375. Gd. to £2.

Mr. Newton King's weekly auction report, dated March 11, is as follows :-Cattle.-At Douglas on Monday weaners made 95.; yearling steers. ,£1 16s. Gd.; 15 to 18-months do., .£2 25.; empty heifers, £2 to £2 Is.; in-calf heifers, £2 65.; store cows, £2 to £2 25.; forvard do., £2 15s. 6d.; fat cows, £3 11s. to £4;-2$ to 3-vear bullocks, £3 10s.; bulls, £1 to £2 55.; f.m. ewes, ss. At Stratford on Tuesday, weaners made 10s.; good do., 18s. Gd.; good/weauer steers, £1 2s. 6d.; yearling stters, £1 Us.; empty heifers, .£1 10s. to £1 155.; springing heifers, £3 7s. Gd.; fat heifers, •£.! 3s. to M Is.; store cows, £-1 16s. to £2 11s.; forward cows, £3 Is. to ,£3 125.; fat cews, £3 Us. to -£4,125. 6d.; bulls, £1 Qs. tj £1 15s.

Tho New Zealand Loan and Mercantile Agency Company reports as follows:—At Eangiwahia on Monday wo had n good yarding of sheep and a medium entry of cattle. The continual dry weather had its effect, business being anything but brisk. Quotations:—Cull lambs, 4s. id.; wether lambs, Bs.; woolly lambs, Bs. 3d. A number of lambs were disposed of at prices up to £2 25.; heifers in calt, small, 3is. to 355.; steers, .£2 25.; weaners, 17s. At Kimbolton on Tuesday we had a good yarding of sheep, and a fair attendance. Owing to the continued dry weather stock was hard to quit, and very little business resulted. Quotations :— Cull ewes, 4s. to 6s. 6d.; good f.m. ewes, 95.; mixed lambs, to 7s. 6d.; weaner steers, 20s. At Foilding on Friday wo had a good entry of sheep, and a smalj yarding of cattle; With the exception of two small pens wo quitted the whole of our sheep entry, prices being slightly better than last week's rates. The bulk of the yarding was of inferior quality, but there was a better demand for any good sorts of young ewes and good straight lines of 4-year-olds. We quote-.—sheep—Cull ewes, 3s. 4d. to ss. 7d.; aged ewes, 75.; 2-tooth ewes (late shorn, small), 9s. 10d.; 4 and 5-year ewes, 10s. 5d.; Eomney ram lambs, 15s. Cattle—Forward' cows, £3; bulls, £3 ss.

At Mr. V. L. Fairbrother's stock sale on Friday afternoon, cull ewes realised ss. to Bs. 6d.; breeding ewes, 13s. 3d.; Romney rams, 25 guineas; slip pigs, 13s. Gd.; weaners, ss. to ss. 6d. SKIN AND HIDE SALE. Dalgety and Company, Limited, report having he'd their/ fortnightly snle of skins, hides, and tallow yesterday, when they offered a large catalogue:of all classes to a good attendance of buyers. Competition was keen throughout the sale. Quotations: —Sheepskins—Prices for better sorts showed an advance of about Jd. ; fine crossbred, 6Jd. to 7}d.; coarse, 53d. to f.d.; crossbred, short, sjd. to Gd.; crossbred, tl-ad, J:]d. to s}d.; crossbred, double fleece, 5d.; black, 3Jd.; merino,' sd. to 5Jd.; merino, dead, -Id.; pelts, 43d- to 5d.; pelts, damaged, lid. to 2d.; lambs, 4d. to SJd.j lambs, salted, Is. 10d. to 3s. 9d.; pelts, salted, Is. 9d. to 2s. 9d. HidesBest sorts advanced fully M. per lb. Ox, 601b. to 721b., 6|tl. to 7Jd.; 39 to 541b., s|d. to Gd.; cut, 5Jd. to Gild.; slippery, 3?d. to i\A.; cow, 37 to 511b., Bid. to GJd.; cut, sd. to 5Jd.; dry, Sid.; bull, 43d.; yearling, Sid.; calf, best, 7M. to 7fd.; inferior, 2ijd. to sd. Tallow—ln drums, 21s. 9d. to 225. per cyvt.; in tins, 21s. 3d. to 225. per cwt.

Messrs. Abraham and Williams. Ltd., report as follows:—At our sale yesterday wo offered a good catalogue of skins and hides to a large attendance of buyers. Competition. was keen throughout, and everything offered showed an advance on last sale's pricey We quote:— Skins—Crossbred, medium to coarse, s:]d. to 61(1.; dead, 4>,d. to dJd.J halt-wools, sd. to sid.; medium lamlis, Gd. to 6Jd.; quarter-wools, S.(d.; damaged skins, Did. to 5d.; shorn lambs, 4Jd.; salted lambs pelts,- Is. Gd. to Is. 7d.; salted pelts, 3s. Hides—Heavy ox, 7d. to 7Jd.; medium ox.'Gjd. to fild.; light, 5Jd. to 5Jd.; heavy cow, 5Jd. to Gd.; medium, Sjd.j light, 51(1. to s}d. • slippy ox and cow, 3-id. to 4d.; yearlings, 53d. to 5Jd.; calfskins, 7!d. to BJd.; damaged, 3-jd: to 3ad.

Messrs. Murray. Roberts and Co. report:—Wo submitted yesterday, to it very full attendance of buyers, ft catalogue of sheepskins and hides, consisting of 9000 skins and over 800 hides. In sympathy with wool, prices {or sheepskins were very firm, and ruled par to a Jd. above last =ale's rates. Hides wore also in strong de-

wind, ruling par to -Jd. abovo last sale. Talow, of which thcro was a limited quantity, ras steady in price. Wo quoto prices as Lc«w:—Sheepskins—Merinos, 5Jd. to GUI. per II).; inU'brctls and lino crossbrcds, Old. to 7U1.; neilium crossbrcds nnd co;\r?o crossbrcds, Gijtl. :a GUI. per lb.; quartjr and half wools, 5Jd. to i^d.; lambs, woolled, Gd. to 63d.; lambs, short md shorn, sd. to Gd.; damaged and dead, 33d. .0 5Jd.; badly damage:!, ljd. to 23d.; dry pelts, id. to Is. Od. each; green and salted crossbrcds, juarter to half wools, 2s. 7d. to 3s. 2d. each; ;rcen lambs, 2s. 3d. to 2s. lid. each. Hides— )x hides, medium to heavy. GJd. to 7jd. per lb.; >x hides, fair medium, 5Jd. to GUI.; ox hides, ight, 5Jd. to Gd.; cow hides, prima medium, ijd. to s£d.; cow hides, fair medium, 51d. to >id.; cow hides, prinio light, 5Jd. to 53d.; cow lides, fair light, sd. to 51d.; damaged and sut, ild to 5Jd.; badly damaged, l!d. to 3!d.; )ulls and stags. 4d. to 4Jil.; calfskins, good, 'd. to 7Jd.; calfskins, fair, Gd. lo GJd.; calf;kins, damaged, 2Jd. to aid. Tallow—ln tins, Ss. Gd. to 20s. 9d. per cwt.; in casks (sound), !3s. to 21s. Gd. per owt. Messrs. Levin and Co. report on their Palo icld yestenhy ns follows;—We offered 5500 ikins, 1200 hides and calfskins, and a quantity if tallow and horsehair. Thero was a largo atondance o£ buyers, and throughout the sale istromo spirit jirevailed. For skins there was 10 chango in tho market, but for green skins hero was strong demand at high prices. A\a [uoto:—-Fino crossbrcds, Gd. to 7d.-; crossbrcds, d. to GJd.; dead skins, 3d. to 5-Jd.; dead hog;ets, 3d. to 4Jd.; green pelts. Is. 9d. to 3s. 3d.; amb skins, is. 3d. to 3s. 3d.; lamb pelts, Is. o Is. sd. Tallow —Firm; parcels in shipping rder, ,£24;. tins, .£lB to ,€2l 10s.; rough fat, 210 to .£ll. Horsehair—ls. to la. 4d. per lb. Torns, sa. to lGs per hundred. Cowtails, Is. d. to Is. Gd. per dozen. Hides—Wo again irought forward a good catalogue, -which drew trong competition at full priccs. Wo quote:— )x hides (heavy). 6:] d. to 7id.; ox hides (me.ium\ Gd. to Gj(l.; ox hides (light), sd. to Gd.; o\v hides, sd. to Gd. • cut and slippy hides, 2d. o 5d.; stag hides, 21d. to 4Jd.j hull hides, 2d. 0 ijd.; calf. best. 7d. to 81d.; calf, medium, d. to 7d.; calf, cut and slippy, 3d. to 4d. LONDON WOOL SALES. A HARDENING TENDENCY. IY TEr.EGICM'H—IMIESS ASSOCHTinjj—rnrTntniTT.l London, March 11. At the wool auctions there was a spirited lie, with a general hardening tendency. PukeDtara clip brought B§d., Clyde 9jjd. Messrs. Levin and Co., Ltd., have received a able from their agents in London advising hem of tho following sales of wool at the ales now on. The prices mentioned repreent the average realised for the fleece portion f the clips sold:—Mrs. E. M'Dougall, Mnrtinorough. 9Jd.; Jas. Wall, sen., Porirua. 10.U1.; !. J. Carman, Masterton, 8 3-lGd.; Sinclair iros., Ashhuvst, lOd.; H. and C. Jlomson, lasterton, Bd.; A. Kilsby, Ohnriu, Did.; 'aerau Batley, Monwhango, 8 1-lGd.; Est. S. . P. Alpass, Alfrcdton, 9 3-lGd.; T. F. Founaine, Woodville, 8 3-lGd.; Hodgins Bros., "ane, 8 3-lGd.; Isaac Snell, Carterton, Id.; James Snell, Carterton, 9d.: T. P. Ccmble, Opald, 9 5-IGd.; S. MacLeod. Pahintua. d.; Est. G. H. Welch, Masterton, 71d.; Hugh lorrison, Masterton, 9]d.; A. Matthews, 10 13-lGd.; R. D. M. Morrison, lasterton, 8 7-lGd.; R. Riddiford, Masterton, 5-lGd. BANK OF ENGLAND RETURN. BY TELEGRAPII—PRESS ASSOCIATION—COPTBIGnT.) London, March 12. Tho Bank of England return issued for tho -eek ending Wednesday, March 10, is i.s ruler:— Issue Department. loUlssm ... X55.C51.CC0 Gov.6ecuriticfi£U,ols,o(» Other Eccuritica ... 7.434,000 Gold ... 37.5W.000 £55,951,000 £55.551,C00 Banking Department. Troprietors 1 Govt, sccuricapital £14,553,C00 ties . ... £15,111,000 - Public do- Other sccuriposits, ... 17,2G5,0G0 tics ... 31,323,000 Other doposits ... 39,875,000 Kotos ... 27,279.000 Best, 7-day and other Coin ... 1,672,C0J bills ... 3,718X00 £75,415,000 £75,415,CC0 The leading items of the Bank cf England •oturri afford the following comparison :— 1 This week. Last weok. Last year. £,£ . £ Bullion „. 37,502.000 5G.536.C00 ?8,530.000 liesorve '.8.951,0(0 27,(.05,000 30,35U,(K10 Note circulation 25,G7-2.CGO ' . i!7,i:57,U0J Public Dopositli 17,263,C0J 35.70i,C>L0 lO.'ilib.O.O Other Deposits 30,875.000 40.705,000 40,lil8,tMJ Proportion of reserve to liabilities ... 60.64 19.83 50.01 GOVERNMENT SECURITIES. The following are the latest quotations for joverninent securities, with 'a comparison ul ;hose ruling last week:— Variations _ Prica compared 111C0 with last weok. £ s. d. 25 % Imperial Consols 81 0 u. 2s. fid. higher 1 „ N.S."iV.3LU3jau.-July ... 100 0 0 Unchauged Si „N.S.W.IBIBMar-Sopt ... £8 0 0 Ss.lowcr a „ N.S.W. 1035 Apl.-Ocb. ... 87 0 0 Unchanged 1 „ Vic. 1120 Jan.-July 103 0 0 ss. lower Si Vic. Jan.-July ... ■)<) 10 0 Unchanged 3 „ Vic. lt'29-49 Jtiu.-Juiy ... 87 0 0 Unclmugod ai „ S.A. lyiti Jan.-July ... 100 0 0 Unchanged 3 „ H.A. 1916.Jan.-July ... fcil 0 0 Unchanged 1 „ QTrilOiS-iMJan.-July ... ;C4 0 0 Unchanged 34 „ (j'l'olWl-SOJan.-Juiy ... ta 0 0 UuchanSed i Q'l'dH)*2 , 2-47Jan.-Juiy ... &5 10 ■ 0 Unchanged t „h.Z, K2)Mfty-Nov. ... 107 15 0 Unchanged ij 1940 Jau.-July ... ijfl 0 0 Uucnangod 1 „ N.Z. 1915 April-Oct. ... 80 10 0 Unchanged ... 08 10 0 ss. higher 1 „\V.A.I'JIS-35.Uay-Nov ... 87 10 0 2a. 1(1, lower Tas. 1010 Jan.-July ... 07 10 0 Unchanged 3 . l'as. 1920-10 Jan.-July ... 87 0 0 Unchanged THE MONEY MARKET. The Bank of England discount rato is 3 per tant., to which it was raised on January U. The 'open market discount rate for best three months' bills is unchanged at 2i per ccnt; the rate in Paris is li per cent., and in Berlin 2f per cent. Short loans are quoted in London at 2| per cent., an increase of i since last week. COLONIAL AND OTHER PRODUCE. Wheat.—Owing to the weakness of the American markets, wheat is dull of sale, and there is a rather easier tendency. Holders of cargoes are generally firm. A cargo of Australian sold at 38s. 101 d. to 395. 3d., and 27,000 quarters of April-May shipment at 'd9s. Gd., 9500 quarters of April-May shipment at 395. 9d. Australian, on spot, is scarce at 41s. to 42s Flour.— I There is more inquiry for Australian, ex store. In London, 28s. Gd., and in Glasgow, 30s. is offered for landed April-May shipment. Butter.—The market is dull, and prices are unchanged. Arrivals of colonial are not being cleared, and stocks are accumulating in the cold stores. Cheese—The market is firm. New Zealand white, 605.; coloured, G-ls. ' Sugar.—German beet is quoted at 10s. 4d. for 2d. more than last week); first marks, 12s. id. Bradford Tops.—The market is exceedingly firm. Forties, 12.'d.; forty-sixes, Ud.; common sixties, 23Jd.; super, 2-lJd.; sixty-fours, 25.U1. THE METAL MARKETS C'ofper.—Spot, 17s. Gd. lower at ,£SG; three months, 16s. 3d. lower at ,£SO lfis. 3d.; electrolytic, 255. higher at £57 10s. per ton. Tin.—Spot, 10s. lower at «Cl3l 2s. Gd.; three months, 15s. higher at £132 15s. per ten. Lead, 3s. 9d. lower at .£l3 Bs. 9d. per ton. Spelter, .£2l 10s. per ton. Pig-iron, 5.U1. lower at 4Gs. Bd. per ton.

MINING NEWS.

■ A COMPANY'S PLANT SOLD. (BY TELEGltil'll— PRESS ASSOCIATION.] Dunedin, March 12. The plant of the Perseverance Gold Dred;?inp Co., in liquidation, was submitted to auotior to-day. The dredfjo sold for .£lllO. Tho Lain pumping plant was passed in. DREDGING RETURNS. [BY TELKBIIAI'II—I'RESS ASSOCIATION.) Dunedin, March 12. Bredginp; returns:—Mystery Flat, •Ho?;. Nclwt. Chicago, 3,10z. 13dwt; NewHoxburgh Jubilee, 2Go ldwt.; AYiiikain, 22o?:.; Kopntni, 220z.; llaster ton, 21oz. 2(1 wt; Kins 1307.. lSdwt.; Kura, 12oz lOdwt.; South Waikaia, lOoz. 3d\vt.