BANK OF ENGLAND RETURN.

Dominion, Volume 3, Issue 925, 19 September 1910, Page 8

BANK OF ENGLAND RETURN.

By Telegraph-Press Association-Oopyrlsrh*. London, Septembor 16. Tho Bank of England return .issued for the week ending AVeduesdayi September 14, is as under:— ■ . .. Ibsue Department. NoteloßUO... i'56,1i30,000 ; Gov. debt ... i11.015.0M ' Other Beouritiea ... 7,431,000 Gold ■'; . „, 38,241,000 ■ ' i 56.600.000 . ~ £56,600,000 BiNKINQ DEPAnTItENT. ■ . / Froprintors' Govt, securi- " . ":- capital , £ H,653,060 .tios... ... £15,630,000 Publio do- ' otlior aeouri- •- posits ... 13,327,000 ties... . ... 29/200,000 Other deposits ... 13.750,000 Notos ■ ...- 30,036,000 Kost, 7-day ', ' i ■ ■ .. • andothof." . Ooin/-• • -1.469.000 bills... ... 3,705,000 . .. £75,335,000 £75,335,000 The leading items of the Bank of Eng' land return afford tho following . coin* parison:—. ... This week. Last week, last year Bullion..'. ~. 38,2-11,000 38.H1.000. 38.829.C00 Reßerve .... -30,505,000 . 29,6t'5.000 50.741-,000 Note circulction ' 27,651.000 iiS.aoa.OOO 29,021,000 Publio Deposits ,'■13,837,000 1C,66J,U)0 6,210,000 Other Deposit's , 43,750,000 40,149,U00 17.462,000 Proportion of, roservo to l'mDilitiea '..: 53.42 ~ 62.06 .-"■ 63.36 •■"'"' . GOYERNMENT" SEOITRITIES.';-. ■' ■ ■ " The following are' the latest''quotation! 'for. Government securities, with a comparison of those ruling last week:—'.'■' "•'''-"■"

;' BANK BATES 'OF INTEEEST./" ' ': ; The" Bank ;of England discount rate :wao raised,:,on: October 7,last. from. 21 to 3.per cent., on October' 14 ;to"4. per" cent., and,on. October 21 to 5 per cent. On December 9. it was reduced--to 4J per cent.;,on January/20 to .3J per./cent.,' and on . February 10 to 3' ,per cent.:/On-March 17.it was.again, raised t0'..4 percent:,v.on. June 2 it was reduced to, 3j per cent., and on Juno' 9 to 3 per cent. .""' The 'Bank; of : France rate wasi reduced from-3J to 3 per cent.'.on January 23, 1908, and remains atthe latter, '-figure./■- y '■•/ .. The Imperial Bank of' Germany, on September ,/ 20 last, advanced its rate from 31/ to; 4 per/cent... and, on; October ,11 to .5per cent.;:ilowered -same 'on /-Ja'nuary'. 21 to ;4i- per. cent.. ;and. on .February.lo to 4 per; cent.;-. /;.(S -;>.4.' r ;■/;;:■;,-:/; '..;.•,: .f-: ; \A- .■','? ;.MA-EKET/EATES PIS.COITN'ki/;/ /'-' ' The following , a'fe'Vth'e market; rates*-'for' best- threeiinontbs/-' bills:—;' ■•;;■.. ' -,:iy .''.• /Uj!"'.; .-,'L'bndon/''.;.'Paris ./ Berlin'•- ■ •'.". ■'; ;;..\/'v'.-.■ ',' rate. rate.' ~'''.-irate.•-, -'-;."' ■--..,'.///.;■- rer. cent-per cent, per cent.' '.■ This "week/„..;...:--'2j.>-.,-,.; 23-'.;i. /, 3J ■■ : -i: ':■■ ;Last/Tveek '..,...„; 3.v.; '2h /;;/ -33 '/ .-,■•;.. La5t:,yea0:.:....,;../\lj;'y, "yl!& ' ; - : .'izj-.. ■;■•, • Short loans' are /quoted in London -at'/lB percent.,', as: 'against IS in the previous week, and,, 13 per cent, to 21-per cent, a fortnight-ago, ■;■■:■■ '. . '/

OTHEEPEODirOB; '~., ., .. Wlieat.^-Thb.markets are dull and easier' in,.tpne; , .,,owi.ng~ to,large: shipments and: heavy .arrivals : from the Continent; ■': buy-' era. are not * confident.'; Chicago December' wheat lSHquoted at. 99 cents.. per bushel.. Cargoes .are neglected;. 375.. 6d/ per. quarter is asked:for Australian new. orop at ■ London, Liverpool;. and Glasgow, JanuarySouth Australian, steamer ;:parccls,; August shipment, are quoted at„-395.,.' while 375. has been paid for;a". South;.':;' Australian . parcel, .. September shipment.!',' There is a slow trade in Australian, on:.spot.',at ; 395. .6d.-. ;:■ . . Flour.—The-, market -is. dull, arid •■.prices are: unchanged ' at 275. 'at Glasgow.'. Oats—The; market is quiot. ' La Plata, September ; .Ootober shipment,; 2d.. lower, at 135. ; ,7d. vfe' ••,.". ; ,:;■.;: , '••"': '■■'■'■" ■.'. -:j" ■: .; market: is flrni;'Danish unchanged ',at 116s. to 1175.' p'er. cwt.; new' make ofr.Tictbrian butter is selling i rapidly, ••■ choicest' salted, making' 114s. to 1165.; unedited,';. 1168 i ; ?." and-'-"'.some" -"-eiceptlonally:good lots 118s." 7 'There' is little inquiry "'for. stored 'secondary quality. .... ; • " "■■ Sugar.—German beet, 88deg., 8d: : lower, at 12s. 3d; per cwt;;: first-mark .granulated,, f.o.b.,,.Hainburg; .7d.: lower,-.'at: 155., Udi '■ • ■•■•■ ~.Bradford; Tops.-^The;market is steady,., and prices are; unchanged..' ..Forties, ■■ 15d. per: lb.;' forty-sixes,: 17d.'; fifties'; 21' d;; :fifty-"i siies,'..24d.; super:'.sixties",',2Bd;:;,;and', sixty-. 'fours;'29s.:i- ; :;j':;:; : '."";-.;,:; :■'. '::. : ~-i.-''^:',"'^

; ■;■■_}. ; i:THB'*I:ETAL MJUtkETa.'''';;'.^/ ■) ,'. Ooppor.—On' spot, 17b. 6d. lower,/:'at'/£s4' :175.. 6d. •, per ton; three months',.: 17s.' ,'• fid,-, lower,'at-.-£55 12s. 6i. ■■'■"• ■ : :>v: -v.ts.'v. ••/ Tin—On';spot, £4 lower,- at £159. ; ;105..'.'.per.ton; three'months', £158. -,fV--, .i., •■■.!■ '•• Lead;,'2s..' 6d ( • higher, ■ at £12'^lls^,3d.' : per; ton.;-";.-:;...- -■:,-.'...,-,.!-... : ../-:,:';y-::vy v --;.'.y:' .-' Eig-iron,;.2d. lower; at 49e.-4d.,per'tori.■/ Spelter;'ss.; higher, r at'£23 per ton.: ■ Silver.—Bar silver is quoted ,'at 24Jd. per ounce..standard;' -yy -.■"■■.'; ' .•'.• .--// ,Y). : : londqn 'msximYY-YY By Telegraph—Pre»s ».-B"cia.tion—Copyright.', '.'...' : /'. |Eec. September 19,. 0.5 ; a.m.) ; . /> s y':'.r;y>'';-//' : •;•■;".'Lbndbni- September XT.'.'. . Hemp,is quiet .and unchanged. ;..: .-.•. : -„ .. thousand- quarters : .or South Australian and Victoriaji new ofoD sold at 365. lOid.y ■■ ;;..:■:.-;: ;., : -.. • '.Oottoh—7.23d. ■:-:-: - ; . "'y"..' •'-. /'■•'■ ■-'■ ;Eubber.-75. ; 51d. '-..' ,".. ::':'■• ,''■'.■. ■'.Copra is in good- demand. South Sea: bags, £25 155... ' :■', . \ -■.:■■■>.' .'•.,"■;- M - ;, ~; Rabbits are, very firm. The quality of recent. arrivals ■ shows; much '■ improvement on earlier shipments. '■■".. ; ■. Copper,.—On..spot,..£s4:l6s. 3d. per < Hon;! three'months, £55. Us. 3d... Electrolytic, £57 J7s: 6d..' :.::;.-■:: .:. ,' .;-.- -V.'."■;■ - :\ :..Tin.—Spot, .£l6O ;ss. per ton; three months,: £158 7s.' 6d.'-' ...... ;.Lead.4-£l2 125.. 6d.- .:' ;"' / , ' Antimony.—£B ss.- '-. . : Silver-24 9-16 d.',. - ; ' ' ■'. :. ; ■ -..■ Fencing wire—£7 2s. 6d, ..Iron, bars—£6 15s. - .•'•'' .'..•■' . Angle'.Bteel,--£6.55. ■"'■.■•' -'-'~ Tram rails.—£s 10b. '.-■■.' Tin .plates.—l4s.; 9d. to 15a. 9d; • / '.'/',',.',•' FEOZEN MEAT./ ' Y] ■ '■'-. ,;The/New Zealand 'Loan and .Mercantile, Agency Company, Limited; have received the following cablegram from their London house, undcrl'date September 16:— Frozen. Meat.—Market firmer. Frozen mutton: Market has advanced. Frozen lamb: Market slightly . .'improved. ' .Frozen beef (sides). ; ','■■■ ' ■ - ' - • N.Z. FAEMEBS'. CO-OPEBATrVE. "' : .■''.'•;■■;' ' ■ ANNUAL■ MEETING.: ' : y (By Telegraph-Press Association.) : Christchurch, Seniember 18. The; annual general' meeting of shareholders of tho. New Zealand Farmers' Co-.' operative Association was' held yesterday afternoon. The following retiring directors were re-elocted:—Messrs. J. A. Pannell, J. Lambie; O. V. Harper, l J. Allan, K. Monish, J. Kennie; and the. Hon. D. Buddo. The balance-sheet showed a net profit for the year of £38,366 4s. id., which; with £2,357 14s. 9d. carried forward, from the previous year, made a total profit of £40,723-18s. lid., which tho directors recommended should be dealt with as follows :—A dividend of 6 per cent.: on the preference share capital; 5 per cent., and a bonus of 4 per cent.,-on the-ordinary paid-up capital. 4 per cent, on shareholders' purchases of merchandise during .the year (sundry net items excepted), a bomiß of 4 per cent.'-on sundry salaries and wages,. and a refund of 30 per, cent, on sundry commissions earned; further, to carry. £5000 ■ to the reserve fund, increasing, it to £68,400, and to write,lo per cent, off the value of machinery, 'offico furniture, and general plant, and £450 on other accounts, and. to carry: forward the balance NORTH OTAGO FARMERS'' CO-OPEBA- ' TITE, ' ANNUAL MEETING. ,;, (By Telegraph.T-Pres6 Association.) ; Oamaru, September 17. ' At the annual meeting of tho North Otago Farmers' „Co-operative. .Association to-day the report and balance-sheet were adopted. Tho actual turnover was £185,000; tho gross profit wa5.£11,721; the-net profit, £3755. A soven per cent, dividend was declared, 5 per cent, rebate on stock and produce commissions, 33 per cent, to staff, and 2* per cent, on purchases of merchandise. £300 is set aside for bad and doubtful debts, £1000 is carriod to reserve, and £900 carried forward, . HIDE AND SKIN REPORT. . :■•■ Mesurs.-Dalgety; and Company, Limited (Palmerston North branch) report having held the usual monthly sale of wool, skins, hides, tallow, and sundries to a very good attendance of buyers. Tho report states :—We offered an exceptionally •iarge catalogue of all cloaca. &nd lia.

prices realised , wore slightly, higher than those which we quoted at our last sale:— Wool: Orutchings, best lots, from 6Jd. to 6sd.; good, to 6q.; medium to inferior, froih sd. to 53d.; seody arid inferior, from 4d. to, 43d.; dead, from 6Jd. to id.,; /rough crossbred, 63d. to Bd.; black, 6Jd. to 6id.; locks, 33d. Sheepskins:, Coarse crqssbred, 71d. to 73d.; medium, Bd.; fine, Bid.; lamb, 6Jd. to 7Jd.; half-wools, 6d..t0 6id.; dcad,. 6Jd. to 6Jd.; inferior, and damaged, dead, from 4}d. to 5Jd.; dead hoggets, to 6Jd.; damaged hoggots, inferior, 53d. to 4id.; inferior' and damaged crossbred, from 13d. to 6Jd.; dry pelts, from .4Jd. to 63d.; butchers' crossbreds, at each, light, 6s; 7d. to ss. lid.; medium, 6s. lid. to 7s. lid.; salted, 6s. 2d., 6s. Bd., to ■ 7s. Hides:-Cow hides (best lines), 6Jd. to 6Jd.; good, to 6d.; farmer's cow hides, from 6Jd. to 5Jd.; ox hides, medium, 6Jd. to 6Jd.; light. 6d.; bulls, to 5Hd.; yearlings, 6Jd. to 6gd.; cows and oi, cut, from 6d. to s}d.; slippy, to 5d.; horse/hides, from'Bs. 6d. to 11b. each. Calfskins: Best lines; 9Jd. to 10d.; good, 9}d.; medium,, Old; to 9d.; cut, 7d.; slippy, 6jd.: Sundries: Tallow, in tins, 20s. 9d. to 245. 3d.; casks, 275. 6d.; barrels,,24s. 3d.; rough fat, 15s. 9d.; rabbit skins, .inferior, to 9Jd. per lb.; horse hair, Is. sd. to Is. Vd. per lb. ■''■'■

FEILDING WOOL, SKIN AND HIDE ' /SALE,- , . ' Mr. Hugh Roberts'reports having hold the usual monthly sale, submitting a catalogue comprising 19 bales and 128 bags of: wool, 1700 skins, and 726 calf skins and hides, to a largo and representative attendance of buyers.. Competition was' keen, at full market rates for all lines offering, prices showing' an, advance all round on last sale. Wool+Fleece, 7Jd.; crutchings, bright 6d. to 63d., medium 5Jd. to 53d., rough, seedy ■'. 4dl, dead 6d. to 73d., locks 3jd.: to 4d.,. black' 63d.- Skins-Crossbred, fine B£d., medium Hi. to 73d., coarse and rough 6d. to 7d., shorts 4Jd., half-wools,, 6*d., dead sid. to ■ 63d:,. crossbred broken 45d./to 5Jd.-, inferior 23d., pelts 3Jd„ black 4jd., hoggets 63d. to '7?d., damp skins at each 4s. 2d., ss. sd„ ss". Ba.', 6s. lid., 6s. Id., 6s.:lid., 75..1 d., Bs. Id., Bs. 3d., Bs. :7d.; dead, ls. : 5d., 3s. 5d.; 4s. 10d.;. pelts, good Is. sd. Hides—Oalf, medium 9Jd. good 9}d., heavy 93d., rough 83d., slippy. 7d., cut" 6Jd.. inferior and, rough 5Jd. to- 6id. .Yearlings, sound i 6Jd., cut lid.,' slippy 4Jd. Ox—No heavy, good substance offering—medium, 6|d. to 61d. Cow;, good 6d. to 61a., '■ settlers' sJd..to-6Sd.;" slippy 4Jd., out and inferior 3Sd. to 4Jd. Horse hides at each 6s. 6d.; to 10s.- 6d. Tallow in tins, 245. cwt.; horsehair, 9d. to Is. 6d.; ;cow toils,; Is. 4d;.dozj

.;- ,/PEII)DING. MARKET REPOET.. ,; ; Messrs. A. H. Atkinson and Co., .Ltd.; report that, at their usual Friday market at Feilding, they, had a large yarding of pigs, which sold .at better values/ For stores there was good competition, and weanera sold up to 15s. Poultry : was. farward in limited numbers, and good cockerels and table birds were barely represented, the demand being very keen for anything showing quality.- iFor Bound table potatoes the'market is strong, with a rise in values.-' In grain, values there is no alteratiqn. ■ - Quotations: Pigs: Weaners, 6s. 6d„. 7s„ Bs. 6d., ;: t0 125.;.g00d, 135., 145., to 155.;. slips,. 9s. 9d., lis. 6d;'to -135.; .stores, 135., 165.i1.t0-:235.;. sows, 275.; 31s/. to 41s. Horses:'Harness'pony, £6 55.; harness, 30s. to 80s. ;-Poultry.;. Hens.-.35. 6d.,';35:v9d.;. to 4s. 3d. per pair; roosters, 35., 3s. 6d/,.,35. 9d., to 45.; pure-bred, 7s. to 75.,6 d.; ducks, 45., ;4s. 3d., 4s. 6d.; ohicks, 2s. 6d; geese, 65.; turkey • hens, 10s.. Produce: Table potatoes, 14s. 6d..t0 155.; seed do., IDs.' to 13s. ,6d.;' pig,- 35.; ; .pollard, ,11s.; bran, 'wheat, 45. - 6 d.; onions,-, id. to 2d.; factory .bacon,'sides, 7d.;/,hams,;B£d/; per;lb. : ;- •

; .* . ■ ' , . Variations'; ...:—. ; [., ' compaied '■'" : ■■'. '■'■■', ■ '■■'■'. Prices .with -.■' ; - : - '' '• ' ■ ■' ' ■ . ; ■ last week. ■■.. '£■». d. ■■ 2J% Imperial Consols • BO 10 0 Unchanged 4 ,,N.S.\Y.1933Jan.-July 105 0 0 Unchanged Si „N.S.'W.l918jiar.-Sep. 08 0 0 Unchanged S-.'„N.a.W.'lW5A'pL-&ot. 86 12.6 2s.(id.hihor i .„ Vic'WSW Jan. July .103 0 0 Unchanged 31 ,; Vic. lftil-BJan.July 68 00 Unchanged S'.„Vic.lft!848Jan.-July 85100 Unchanged 3j „S.A. 1016Jan.-July 97 5 0 Unchanged ,3 83 10 0 lOs.higher 1 „Q'l'dlU15-24 Jan.July .102 O O Unchanged' 3i : ,.Q , l'dlthi4-30Jah..July :U3 0 0 Unchanged ,5 ,',yTdluai«Jan.-July .. 36 0 0 Unchanged' i .'„.N.Z; : 1929 May-Nov.' .105'. 2 ■ 6- 2s.6d. higher' 3i „N.Z. ISHOJan.-July < -98 5-0 Unchangod' ;3 ,. ; N.i4.'194r.April-0ct.' 66 10.0 Unchanged 34 „ W.A.iaawoMay-Nov 07 10 0 Unchanged' 8 ;,\V.A;iU15-S5May-Nov 88 0 0 Unohanged 34 „Tas. lMOJan.-July ■ 89 0 : 0 Unchanged b „l'as:U>-iO-40 Jan.-Jufy 86 0 0 Unchanged