FARMING AND COMMERCIAL

Dominion, Volume 6, Issue 1605, 23 November 1912, Page 8

FARMING AND COMMERCIAL

NELSON SHOW. THE PRINCIPAL PRIZE-WINNERB. The principal awards at tho annual show of tho Nelson A. and P. Association, which was hold at. Richmond on Tuesday and Wednesday, wero as under:— CATTLE. Shorthorn bull, over two years—Godfrey Best, 1. Shorthorn bull, under two years—>W. Reay, 1 and champion; John Dost, 2. Shorthorn bull, yearling—F. Fairey, 1 and 2. Holstedn-Friesian bull, any ago—J. W. Win, lj J. E. Salisbury, 2. Ayrshire bull, over two ymrs—Albert Gibbs, 1; W. Coleman, 2. Ayrshire bull, under two ycflrs Albert Gibbs, 1. Ayrshire bull, yearling—Alex. Thomson, 1 and champion; Albert Gibbs, 2. Aldoraoy or Jersoy bull, over two years —11. T. Cook, 1; James Hunt, 2. Aldemoy or Jersey bull, under two wars —G. E. Chisnali, 1 and champion; W. C. Hammond, 2. Aldemey or Jorsey bull, yearling—H. T. Cook, 1; Jama) Hunt, 2. Shorthorn cow, over two years—F. Fairey, 1 and champion; Godfrey Best, 2. Shorthorn heifer, over two years—W. Reay, 1 and 2. Shorthorn heifer, under two yews—John Best, 1; F. l°airey, 2. Holstein-Friesian cow or E. Salisbury, 1 and 2. Ayrshire cow, over two years—Albert Gibbs, 1 and champion; W. Coleman, 2. Ayrshire heil'er, under two yeajs—Albert Gibbs, 1; Win. Coleman, 2. Ayrshire heifer, yearling—Wm. Coleman, 1; T. Greig, 2. Alderney or Jersey cow, over two yearsJames Hunt, 1 and' 3; C. W. Brown, 2. Alderncy or Jersey heifer, under two years—G. E. Chisnali, 1 and champion; James Hunt, 2. Aldernoy or Jersey heifer, yearlingJames Hunt, 1 and 2. SHEEP. Lincoln.—Ram, any age: Faulkner Bros., 1; 11. Bishell, 2 and 3. Ram, under la months: 1). Bisheli, 1 and 2. Two ewes, any age: Faulkner Bros., 1. . Komney Marsh.—Ram, any age: William Beil, 1, 2, and 3. Ram, under 18 months: Campbell R. Ellis, 1; William Bell, 2 and 3. Two owes, any ace: Campbell R. Ellis, 1; J. E. Salisbury, 2. Two ewes, under 18 months; Campbell R. Ellis, 1; J. E. Salisbury, 2; Walter Thorn, 3. Shropshire Down.—Ram, any age: A. S. Field,' 1; Geo. Best, 2; W. R. Hunt, 3. Ram, under 18 mouths: J. E. Salisbury, 1, 2, and 3. I'wotewes, any age: Geo. \V. Best, 1 and 3; J. E. Salisbury, 2. Two ewes, under 18 months: J. E. Salisbury, 1 and 2; Geo. W. Best, 3. Southdown.—Ram, any age: W. R. Hunt, 1 and champion, and 2. Ram, under 18 months: W. R. Hunt, 1 and 2. Two ewes, wet, any age: W. R. Hunt, 1. Two ewes, under 18 months: W. R. Hunt, 1 and 2. Corriedale.—Ram, any age: C. Higgins, 1 and champion; A. Silcock, 2; D. Bishell, 8. Ewe: G'. Higgins, 1; A. Thorpe, 2. Fat Sheep.—.five long-wool wethers or maiden ewes, under 30 months: R. Palmer, 1; W. Mytton, 2; J. S. Wratt, 3. Five Down wethere or maiden ewes: J. E. Salisbury, 1. Five Down wethers or maiden owes, under 30 months: H. Paton, 1 and .2; R. Palmer, 3. Five fat lambs, any breed: R. Palmer, 1;.15. Challies, 2; W. Still, 3. Ten fat lambs: W. Still, 1; Henry Challies, 2. PIGS. Berkshire.—Boar, over 12 months; E. E. Trask, .1. Boar, under six months: Mark M. Grace, 1 and champion; W. D. Harkness, 2. Sow, over. 12 months: W. D. Harkness, 2. Best sow, under 12 months: W. D. Harkness, 1.- Best sow, under six months: Frank Sutton, 1; W. D. Harkness, 2. 1 Yorkshire.—Boar, over 12 months: P. and H. Haycock, 1 and champion. Boar, under six months: M. Bird, 1; P. and H. Haycock, 2.\ Sow, over 12 months: P. and.' H. Haycock, 1 and champion; A. F. Traek, 2. Sow, under six months: 31. Bird, 1; P. and H. Haycock, 2. Tamworth.—Boar, over 12 months: A. F. Trask, 1 and champion. Sow, over 12 months: W. -D. Harkness, 1 and champion and 2. , Any Breed.—Litter of pigs with sow: W. C. Hammond, 1; E. E. Trask, 2. Two bacon pigs: W. C. Hammond, 1; W. D. Harkness, 2. DRAUGHT HORSES. Entire: D. L. Bickham, Silver Gift, 1. Yearling colt or .gelding: A. W. Price, Silver Prince, 1. Gelding, any age: Newman Bros., Clyde, 1; Joe, 3; L. Bcrkett, Jim, 2. Mare, three years old: Edgar Challies, Gipsy, 1; Jas. Eden, 2 and 3. Gelding, two years: A. W. Price, 1; L. Russ; 2; E. Robinson, 3. Filly, two years: Edgar Challies,'l; L. Berkett, 2; A. Drummond, 3. Yearling filly: W. Bullard, 1; Newman 8r05.,, 2. Yearling colt or filly: A. W. Price, 1. Pair plough horses: Newman Bros,, 1. Mare, any age: Newman Bros., 1; J. Eden, 2; Edgar Challies, 3. Mare, with foal: L. Berkett, 1 and 2. Foal: L. Berkett, 1; L. J. Best, 2. Team of three: Newman Bros., 1; 1,. Berkett, 2 ..and 3. Team of two: L. Berkett, 1. . The present year has been peculiarly favourable to the spread of ticks and lice among sheep, and has proved tho best possible test of the many' Sheep Dips in use. White's Dip, which has been a genuine success for nearly a quarter of a century, has again come out on top. The best proof of this is that while many sheepmen who have used other preparations are inquiring for something more reliable, the old users of White's are keener than ever. Those whs have not experienced tho splendid results from its use should loso no time in making up their minds to give it a trial this coming year. t Mr. G. CoHham Williams, of Mangakuri, H. 8., writing under date of 2nd November, 1912, says: "I was very pleased with the results of your dip last year, and received a special bulk report ftom Buxton, Ronald and Co., who used these words: : 'A splendidly developed staple—condition good, and also the colour.'" Mr. Williams has l.een a constant user of White's Dip for 19 years. Further particulars from Wm. White, Sole Manufacturer, Otane, Hawke's Bay.—Advt.

KEW3 AND NOTGO,

i THE CITY MARKETS, lIKAVY OVTIIiSHA KIIU'MENTH. 1 Arrivals of fruit from overseas have . icon very prominent nt llio JJluir mid Allen Slmit markets this week and n Imsy J'jmo Im.s bi'im experienced disposing u'f tlio fruit. Tim Murrain, from K.vilnu.v, '''5 ol Aiißlrnlinii-Ri'owii ■ unions,. tlu> ilrst nhiimiont of llio ™\=on. llio same vessel also brought 21) eases of , HlO Hon- season's ilessiim lemons, ami 754 eases of oninge.'', as well ( i S cherries and a Unv nprieols. Although tlio cherries were curried in the cool chambers they landed in- very bad condition, a groat proportion being almost valueless. ; Twelve pound boxes sold at from 3d. lu Hs. Messina lemons quilted at 31s. (id. ; to 355. per lmlf-easo. Oranges niado 20s. to per gin case. Tlio apricots were small and quite inferior and did not meet with any demand. ; Tlio Melbourne steamor landed yesterday 10 cases ol' Alilduru lemons wliich solii at 20.1. to 30s. per case, whilst Melbourne cherries realised from 20s. to 2Gs. C'oolt Island fruit transhipped nt Auckland arrived by the Monowai, tlio Wellington consignments totalling M 2 eases of oranges, pineapples, and humerus. Oranges sold at 10s. to 20s. per case, according to condition; bananas, 10s. to Us.; pineapples, Gs. to 125.; and kumeras, 12s. per box. Tlio Taraivern arrived yesterday afternoon with 2011 cases pineapples, 25 cases kumeras, and about 1200 cases and bunches of bananas'from Fiji. Late yesterday afternoon this fruit had not been discharged and it will not bo disposed of until this morning. The market is wWI supplied with pines, but tlio other lines are expected to rcatiso pood prices. Local fruit is now coming in moro freely and values generally aro very satisfactory, Hothouse tomatoes .aro worth Is. to Is. 3d. per lb., local goosolierries, 2d. to 3jd. per lb.; grapes, 2s. sd. to 2s. lOd. per lb.; cucumbcrs, 4d.®to Bd. each; and asparagus, Gd. to Is. per bunch. .French beans are selling at 7d. to BJd. per lb. Rhubarb is still coining/ forward and is bringing 2s. to ss. per dozen. The market for new potatoes changes almost daily. A few days ago it was difficult to sell anything at ,£lO per ton, but at yesterday's auction, Otaki and localgrown sorts realised np to 15s. per cwt. Values vary according to the quantity forward from day to day. There is a good demand for cabbage at 6s. to 9s. per sack, cauliflower, Gs. to 103. per sack; parsnips, ss. to Bs., and carrots Gs. to Bs. lettuce is in good demand at ss. to 10s. per case. Consignments of green peas have been very small during' the- week and values have improved considerably. Shipments received from Nelson made 12s. to lis. per cental bags. New silver-skin onions'from Melbourne are worth 12s. to 14s. per case. liggs are in moderate demand at Is. par dozen, but poultry is still very scarce, all descriptions being inquired for. OAMARU SHOW. (By Telegraph.—Press Association.) Oamaru, November 22. At thewhow there is the finest display of draughts yet seen in Oamaru. Competition is teen in nearly every class. ureat interest was shown in the meeting of the two champions—Mr; Gardiner's Baron Fyvie and Mr. Patrick's Baron Bold. Baron Fyvie gained the verdict, Baron Bold being,placed third. Second honours went to Mr. Boag's Black Douglas, the judgo thus reversing the. Christchurch decision with respect to Baroa Bold and Black Douglas. STRATFORD 6HOW. (By Telegraph—Press Association.) Stratford, November 22. Splendid entries have been received for the Stratford Show, last year's figures being exceeded in all the main sections. For the cattle classes 272 entries have como in; horses, 464; dogs, 321. All other : classes aro well filled. ' THE FRUIT CROP. PKOSPECTS FOR THE SEASON. Questioned a few days a«o in the south as to the prospects of tho Dominion fruit' crop this season, Mr. W. A. Boucher, As-sistant-Director of Orchards, said ho had been recently in the Auckland district and other parts of the North Island, and also in the South Island, and ho hod ascertained that tho peach and plum crops promised, for the most part, to be rather, . light owing to tho unfavourable weather in the early part of the season. Round about the Hastings district, in Hawko's Bay, however, the peach crop was represented to he very heavy. Apples and pears promised to be good throughout New ■ Zealand this season, and the present indications pointed to a fairly large surplus of apples for export markets. Tho prosperity of the Dominion depends upon the success of individual citizens. A dairy farmer, or anyone else for that matter, whose balaneo is on tho wrong sido of tho ledger is to a certain extent a drag upon the country. As a rule there are • several contributing causes to a farmer's failure, and in many cases tho principal reason is the heavy working expense of old-fashioned methods. Visit any farm you like where an up-to-date milking plant and "Anderson's" Oil Engine aro installed, and there you will see prosperity, simply' because working expenses have been reduced to a minimum. Why, the cost of running an "Anderson" Engine for' a year is but a few shillings. And. in that time it will save you pounds in hard cash. An "Anderson" Oil Engine is so simple in construction and built so well that.there is no risk of its going out of order. There is 110 better engine on the market for driving milking plants. Remember that, and order an "Anderson" with your machine. Ask Andersons, Ltd., Ckristchurch, for particulars.—Advt. In olden times nearly every familyvpractised tho art of cheese-making. But nowadays tho business is carried on by dairy factories with the aid of "Victor" Vats The big profits 'accruing to cheese-making are largely due to these excellent Vats, which are altogether different from other Vats, and bettor where they are different Ask Albert J. Parton, Carterton ', about "Victor" Vats.—Advt. At the Afihford (England) ram show and sale of Romney Marsh sheep, Mr. A. E. T. Payne, of Lilydale (Vic.), who acted' as judge, purchased the champion ram of 1910 for 170gns. He is considered one of the best rams of tho season. Tho same buyer' took the sixth-prize ram in the yearling class, and one of tho third-prizo group at 115gns. , A WINNER OF COMPETITIONS. The Egg-laying competitions for 1910-11 and 1911-12 were both won by pens reared on 'A. and P." Chick Raiser. The first essential for profitable poultry keeping. Obtainable from all Storeke.iDors.—Aavt." commercial items. INVESTMENT SHARES. Yesterday a sale-of Union Steam shares at £2 lis. 3d. irae reported, and this was the only transaction recorded. The Quotations were as under:— Buyers, Sellers £ 8, d. ■ £ 9 (J. Egultablo Building — 9 16 0 JT.Z. and Itiver Plato ... 2 1 0 — Well. Trust and Loan ... 7 0 0 — Auckland Gas — • 3 a n Feildlng Gas . - 10 6' S.B. Insurance — 3 14 (I i Meat Export (£4) — 5 0 0 Meat Export (525. 6d.) ... — 219 0 1 N.Z. Shipping 14 0 0 - Union Steam — ? 11 n Well. Woollen (prof.) - 2 18 0 Taringamutu Totara 2 6 0 ' — Golden Bay Cement 10 9 1 1 • 1 N.Z. Drug - 2 10 0 ' Sharland's ordinary — 12 6' THE CO-OPEBATIVE ASSURANCE CO., LTD. FIBST ANNUAL GENERAL MEETING. ' Tlio first annual general meeting of the i above company was held at the registered ' office of the company, Sydney, on Wedncs- 1 day, November 6. The chairman moved tho adoption of the ' report lor year ended September 30, 1912 and after announcing that he lfad only recently been elected to tho board, and #,1(0 M ohairman, in tho pinto of tho kto Br. Caleb xerrsy, no caid"l tun (lwo | loin an ta ttw tootas &L

clot?pflsi rpgn»|, fur Dr. T»M*roy'<r widow jukl nfily puff; T'.j fi?» itn ti aontfmtty Miln Jowf Intq fallon ul, nil unfnrlunnlM teeing Uinl. our fnrmnr rhnlnmin, Mr, lieu. H. Ijilllojnlm. wlm )n with tin 10-fhiy, lidß roll, lilmc.'.'lf iiMtenl to bin position m? c!n»iriniin n.mt mi riirorlor. by lenpofi of llif fi'M lh;'l. liu ia nluo a iliriM'.« l-or of nnuMior Jifo ImniniiM-o company, wlhiro inlfiTßl.R rivpj onr own. 110 Itnrj bcim tf- clim'lw »r Ihn other cofirmiuy m lunjr Mini II fcemn only Hiriil, Miaf/ ho pliunld prefer to mmt-iit' «• ffDMiijor <>i' Hint, bof>.wl, Mr. T. Jlnlplon wun oppointnl u. illrculor or I In* roinpnny prl-jr !o Dip <ksi.Hi of Ur. Tetf'o.v, Dr. i<ii(lowlc( iiihl fii.vjciif wflro nppoinlpd only i», wrrk iiffo. Wo nro for liio mont pnrl, n. in-w > louin, but wn linvo Hjn bon?!)t, not only of tifP of Mr il. H. IMirery, butof conrp-n v.o rot:tln< Uimwvlnxi of our u'.'inntrlnff rtJrwtor, Mr. .Innicr, H. Jm.'li, liDSi* ooniwlion wilh i.Jit* ronip;wi,v f r a I of? from JI/3 inrorp-frfitiou nn<). oven oarll«r. and wo liavo" bin huowliMlfio ami <>x» periom.'o of the insuriifico Ijorliiomfi. 'I'lhj report placod in your hn-mIH h n full one, nud routnin« soirw lnntk-ra \v)iir.h nerJiapg umlor oDn'r ciiriimat.w'e:? mJuliJ. )ifl,vo been loft- to Mio oliainiuuj; but in view of the ciromnßlfuirey, it irv UTin».'ccf<pary lo add ii.nylhhitf to il in rcfiprol. to llin bupinosy of tlis p:ist your. It. fpeahn for itself, nud it ppcnfii? well. I'rom Hit! aecouuL.g you will Red Mint, a (mnnidontblo lunouut of business has been written !»nd premiittnß receivod flioreon, mid nltliouch revenue is uol. frrcnt uj the exnrn* dlture, thnt. as mof?t of you know, n, matter whieli should ndti denrens one. Itis tho primary experience of almost every life Insurance vouluro. With good Nation with energy eud Round pol/cy, with tho cordial co-operation of tlio Blinreholdr»rf?, maid stntf, tho re iki every l-enson to beliovo lliat. Rood progreHß will bo mudo during tho year now cutored upon, flood work lias already been done in connection with tho foundation of Uie company. I nmuiro you that my fuilow* directoiv; atul I will esuiuine the policy <?f the company moot carefully, and wo will examine the proffresa at every etagc, and earnestly dircct our elVortfi lo carry tho JjiiHinesß along 011 sound lines, Firfrt- of ,«11. wo Jiavo to direct and safeguard the intot'Cßtg of our policy-holdcrs, knowing that, by go doing wc Hhnll in the end bo estnblisliing o.' business which must bo 1 proillablo to tho HUsirohold-crs who helped to bring tho company into existence. I will not tako up your time any further, 1 but will now move the adoption of tho dlrcctora' report ,and balance-sheet*." Mr. Georgo 8. LilUejohii said:— f 'As tho ox-chairman of directors, it is my privilege to second the motion, which has just boon moved by the chairman. In the first place, I would like to compliment the company on having secured the services of those gentlemen who have just joined the board. Now, with respect to myself, I only resigned from tho board for one and that was that I happened to be a director of another company. It was thought that mutual satisfaction and busin<ws relationship might bo created between ; the two companies if I assisted both by ' ray presence at their respective board meetings. It was found, however, when we got to grips that both co:npanies being independent could not acree as to tho manner of tho business conditions, I feel quite satisfied about the prospects o£ this company, and, otherwise, I should I have boon only too happy to remain here to do the ' best possible, work for the'company. There are two points in which your attention might .be .directed. In the first place, I would like to draw your attention to the , smallness of the death claims, the cmount of which is £10-3 19s. 6d., which is equivalent to less than 3 per cent, of our premiums actually received. I made inqmrio9 prior to this meeting; and I have been informed of the fact that .there are practically no arrears either in; interest or premiums. Everything has been paid un to date, and on all. the mortgages. There is only one case in which the company has been obliged to take possession of the nroperty, but they will como out all right in the end. Now, I would like to compare the figure*? with those of a. Standard company, the greatest company in Australasia, the A.M.P. In the first twelve months wo find from their own published returns that the total outlay in the industrial department was over threo times the .amount of the income which was received. 11l tho second year, it was 1.3 times. In the third year, they became even; and from that year on, tho balance was heavily upon tho other side, until we find in 1910 'and 1911 the premiums were double. Nov;, I venture to predict this will bo, the history of this company. After the third year, I really believe the history of the A.M.P. Society will' bo our history,' and from that year on,wo shall see excellent progress. Comparing again with the A.M.P., I find the total premiums received by us 'practically from Sydney alone, on indub-trial policies, for the first year, is one-fifth' of the total premiums received by tho A.M.P. Society for their first year in Australasia. Surely this is a good result for an entirely new company in which the organisation had to be created from the very beginning- in every detail. I say, without hesitation, that anybody who undertakes the. launching of an ordinary life and industrial assurance-business has got tho.heart of a lion. The amount of .labour and organisation is .beyond belief." . Mr. James S. Inch, the managing director, said;—"l think I should remind you that there are almost five hundred members of this institution not with us today, many of whom are in New Zealand and Tasmania. I have made ah investigation of the occupations of most of our ■- shareholders, and they include high public officials, bankers, accountants, prominent ' business men, pastoralists. barristers, soli- • citors, doctors, and scores of other prol fessions occupations. An analysis of > the occunations of our policy-holders is . nnuallv interesting and varied, but per- . haps the most interesting analysis of all , is that of our house purchase loan cus- ; tomers. -It includes accountants, a master . mariner, # chemists, electricians, and a 1 great variety of tradesmen. After hearing > this information I think you will agree • with me, ladies and gentlemen, that we are t touching almost every claw of the cora- , munity, and that being so, our company must be coraraeitdin? itself to them all. Having issued considerably over SCCO poli- • cies during the year, and having received only six death claims, is in itself evidence of reasonable care in the acceptance of , risks. As we have no former history of 1 our own to judge our work by, we must naturally look to the history of other so- • cieties in order to form an opinion about our own progress and pro«pcc&& I suppose there will be a certain amount of criticism of us on the grounds of expenditure, but as now business is absolutely sential for a life insurance company, more especially a now one, and as it cannot be obtained without expenditure to get the business, we must spend money. Even the A.M.P. Society, in its sixty-third annual report, discloses very heavy expenditure on now business, and this at the very height of its popularity and public appreciation. We are obtaining as much new business as we can afford to procure at the present stage of our existence; last year we aimed at £200,000, and actually obtained over £2Q,OCQ in excess of this amount. The policy of the board will probably have the effect of placing this company in a better position than some of its rivals in the matter of procuring life assurance business,} as it will result in giving us the strong pull of a direct personal interest in each State. To this end a large number of shares have already been sold ill New Zealand fnd Tasmania, and a considerable parcel of shares have been reserved for each of the other States. We are issuing policies with a guarantee of absolute nonforfeiture of premiums paid after two years. I should liko to say that all comparisons of insurance company figures are more or less misleading, and especially so when you go to soy reliable a source as the official year-book. The reason is that the returns are made in the form asked for. and that tho information obtained in this way is rarely identical when obtained from different companies. I trust that shareholders will not be led by adverse criticism, if any should apnedr, without first obtaining from us such explanation as wc are able to afford, them. ; It was a matter of personal, as it ;must be of general, regret that Mr. Littlejohn felt called upon to resign his seat on the board of this company. In the Earliest days of the' company he and the late Dr. Terrey displayed . considerable commercial heroism in sticking to the company fus they did. when it was. surrounded by difficulties which at that time appeared well-nigh overwhelming. The board as at present, constituted is well qualified to carry on the work undertaken. and a very satisfactory report may be looked for next year." We are indebted to Msssts. W. E. Turri'bull and Co., Paryima Street., New Zealand representatives of the company, for the above report, which will 110 doubt be rend with interest by the many shareholders in tho Dominion. GRAIN AND PRODTJOE. (By Telegraph—Press Association.) Chrlstchurch, November 22. There is no move locally in wheat, -but it is stated that supplies for Auckland : have been obtained in the south. Them is not likely to be any change in tho local , market until the extent and condition of tho growing cron arc ascertained a month or so hence. There is a quieter feeling in tho oats market. Ohaff remains about , £21. good quality, with limited demand. A few potatoes' aro now coming forward, but arc only saleable where they arc actu- ■ ally reciuired, and the price is irregular, j LONDON MARKETS. , j Messrs. Dalgety and Co., Ltd., Wellington, 1 are advised by cablegram from their Lon- ; don office, dated November 21, as follows:— Frozen Meat: Bfctter . demand. Mutton: 1 Market firm at last quotation. Lnnib: ( Prices 1 1-Ud. to ftd. lower. Beef: ilindouarters—firm, but prices unchanged. 1 Fore-quarters—prices a.re dd. higher. New season's Australian good average quality 1 lamb, light, sid. per lb. Tallow: Prices unchanged. I JUTE. * By Telegraph—Press Association—Copyright London, November 21. . Tho Dundw juto market is dull. Nativo j first aubrkflj Iwveiabwl)OGcmbQf sMpmont, M fieu. m toa. - jj

i BUTTER. ' The butter market is dull. Colonial has ' declined about 2s. per cwt. [ ' VICTORIAN WOOL SALES. ; Melbourne, November 22. r (The woek's wool sales closed strong and ■ active, at full late rates. SYDNEY PRODUCE MARKETS. 1 (Rec. November 22, 7.20 p.m.) i Sydney, November 22. i Consignments of 3500 bags of Clarence ! River potatoes have arrived, and values s . have dropped to £14, a fall of £8 for the ; week. Medium sorts are quoted at £10. Old • Now Zealand at £14 and £15, are difficult ■ to sell. i In.sympathy with potatoes onions fell.£l. i VICTOEIAN PRODUCE MARKETS. Molbourno, November 22. ' Wheat, 4s. 33d. to 4s. 4d.; new, 3s. Bd. to ; 3s. 9d.; flour, £9 155.; oats, Algerian feeding, 3s. 2d.; New Zealand. 3s. 41d.; maize, : 3s. lid.; bran, 6a.' 5d.; pollard, £7; pota- ' toes, £l 3to £16; onions, £6 to £8 10s. ; BANK OF ENGLAND pETURN. ' (Rec. November 22, 8.55 p.m.) ' London, November 22. ; The Bank of England return issued for ; the week ended Wednesday, November [ 20, is as under '• Issue Depmitment > Note Isguo £54,597,000 Gov. debt - *"£11,035,000 i Other securlI tiai ... _ 7,431,000 .__ Gold ... ... 56.145.C00 i f34.697.000 £.54.597,000 ' _ . BIKKLN'a DEPAP.TJIIWT. ' Proprietors' Govt. seouri- ; 'capital i14.C53.000' ties... ... £13,033,000 Publio de- Other securiposits ... 13,884,000 tios 91.671,008 ' Other do- ' . posits ... 40.633.000 Not9S „. 25,320,003 j Reßt, 7-day . and other ! ■ bi115...; 3.272,003 C01a... , 2,318,000 I £72,342,000 £72,342,000 , The leading items of the Bank of En^- ■ land return afford the following compari- : son:— - ' Thiswesk liasti weak Last year. 1 £ S £ • Bullion 86,128.000 85.291,000 35,625.000 . Reserve' 27,638.000 26,777,000 26,818,000 1 Note circulation 29.277.000 28,300,000 28.501,000 . Publio Deposits 33.884.01 X) 3L<,76(.000 12,818.000 • Othor Deposits 40,633,000 40.813,000 39.657.000 . Proportion of i reservo to liabilities... E0.67 49.00 51.04 ; ''' GOVERNMENT SECURITIES. | The following are. the latest quotations . for Government securities, with a< comI pari son of those rutins last week:— Variation — _ compared: . Prlos, with r last week. J £ s. d. ! 25% Imperial Consols 75 4 0 4s higher ■ i „N.5.W.1933Jan.-July 103 0 0 - 20s higher ' 34 „N.5AY.1930:50Mr.-Sp 93 0 0 60s lowor 3 ~N.5.W,1935 Apl.-Oct. 84 Q 0 Unchanged • 4 „Vic. li)2oJan.-July 10115' 0 25s highei ' Si „Vic. 1929--49 Jan.-July 02 0 0 60s lower ; 3 tl Vic. 1029-49 Jan.-July 70 0 0 Unchanged [ ~ B.A. 191b Jan.-July 93 0 0 Unchanged : 3 , S.A. IJI6 Jan.-'July 78 0 0 Unchanged ; 1 „QTdl I JIS-21Jau.-July 102 0 0 COs higher " 31 „ QTdlOil-iOJan.-July 94 1o 0 Unchanged • 3 „QTdl!Bi.47Jan..July 80 0 0 Unchanged ; 4 „N.Z, 1939 Jfay-Nov. 10110 0 10s higher 3J „N.Z. 3040 Jan.-July 92 0 0 Unchanged ' 8 „N.Z. llMii April-Oct. 80 0 0 Unchanged ' 3i „ W.A .1020-10 May-Nov 91 0 0 Unchanged ■ 3 „ AV.A',IOIS-35iIay-Nov 84 0 0 Unchanged , I 35 ~l'as. 3940 Jan.-July 91 o 0 Unchanged ! 3 ..Tag. 1020-40 Jan.-July 84 0 0 Unchanged | BANK RATES OF DISCOUNT. Tho Bank of England rate was, on January 27, lowered to 4 per cent., 011 February 16 to 31 per. cent., aiid on March 9 to 3 per cent. On September 21" it was advanced to <1 per cent., on February 8 it was rcduced to 31 per cent.-, and on May 9 to 3 per cent. On August 29 it was raised to 4 per cent., and on October 17 to 5 jier cent. The Bank of France rate was reduced from 31 to 3 per cent, on January 23, 1908, and continued at the latter figure until September 21, 1911, when it wa6 raised to 3} per ccnt. On May 17. 1912, it was rcduced to 3 per cent., on October 17 it was raised to 31 per cent., and on October 30 to 4 per cent. « The Imperial Bank of Germany reduced its rate from 5 to 41, per cent, on February 6, and on February 19 the rate was further. reduced to 4 per cent. On September 19, the rate was raised to 5. per cent., on June 11, 1912, it was reduced to 41 per cent., on October 24 it was raised to 41 per cent., and on November 14 it was raised to 6 per cent. MARKET RATES' OF DISCOUNT. Tho following are tho market rates for best three months' bills:— London Paris Berlin rate. rate. rate, per cent, per cent, per cent. This week 415-16 31' 53-8 Last weok 41 31 sjk Last year 33 3J 33-8 Short loans nro quoted at 31 per cent., as against 33 per cent, last week; and 23 per cent, last year. COLONIAL AND OTHER PRODUCE. Wheat—The iharkets are dragging owing to favourable crop news from Argentina, heavy world's shipment, and the enormous, movement of wheat from America. Australian, January-February shipment, 375. 4}d. perl quarter Fobruary-Maroh shipment, 375. ljd.; April shipment. 365. 9(1.; 375. to 38s. has been paid for October-No-vember shipment; for parcels, 365. 3d. is asked for January-February shipment. Liverpool futures, December-March delivery, 78. 3sd. per cental;. May delivery, 7a. 2Jd. Australian, on spot, iB in small supply, and is nominally quoted at 41s. to 41s. 6d.Flour is quiet. Australian patents,. 28s. per sack of 2801b.. ex store; 275. is asked for now crop, c.i.f. Oats are dull. "A" Grade Gartona. 2fe. 6(1. to 275.; "B" Grade, 253. 9d; La Plata January-February shipment, 15s. 9d. Boaus are in fair demand. Now Zealand practically exhausted and nominally at 38s. 6d. to 395. per 5041b. ex store. Pears are quiet, 41s. is asked for best New Zealand maples, Ostobcr-November shipment; South Australian, per sailer, fixed for JanuaryFobruary, 38s. 9d. Butter.—The market is disappointing. Choicest Australian, lC'Bs. to 1125., against 110s. to 11.45. last weok; fancy Victorian, 1145.; New -Zealand,. 114s. to 1165.. a few bringing 1175.; Argentine. 106s. to lite.; unsaltcd, 1125.; Danish, 1275. to 3295. Cheese.— I The market is dull. New Zealand white is quoted at- 605.; coloured at 615.; Canadian, 625. to 645. Sugar, German beet, 88 per cent., net titre. unchanged.at 9s. 6d. Ncr cwt.; firstioarks\ granulated, f.o.b. Hamburg, 2d. lower at 11b. 7d. '. ■ Bradford Tops—The market is excited. Sixty-fours, 295.: super sixties, 2f13d.; common sixties, 27d.; fifty-sixes, 22d.; fifties, 21d.; forty-sixes, 16Jd.; forties, 15Jd. THE METAL MARKETS. Copper, on spot, 10s. lower at £77,dte. por ton; throo months, 10s. lower at £78 ss. TW, oa spot, COs. lowor at £236; throo JJKHIMUS. £214 la,

Lead is quoted at £18 per ton. Pig-iron.—Sliddlesboro' No. 2, 2d. higher at 683. per ton. Spelter is unchanged at £27 per ton. Silver.—Bar silver is quoted at 29 l-16d. per ounce standard. Mining news and reports of live stock sales ivill be found on page 2 of this issue.