COMMERCIAL

Taranaki Daily News, Volume LI, Issue 190, 1 August 1908, Page 6

COMMERCIAL

BASK. OF li.NCiLA.su RETURNS. Received 31, 8.45 p.m. London, .lulv ;!1. ilie Hank of Kngland returns 'for the past week are as follows:--((old coin £35,>!i:j,000; reserve. cJ0.1i.i7.11l 10; proportion of ivsene to liabilities 50.12; note circulation, £2!l.s;i;),iliiu : public deposits, C5,845,IIII0: olher deposits, ,C4(i,074.0ii0; (ioverunient securities' £15,047,000; other securities. £2B - 844,000. ' ' The Rank rate u f discount is 2'/.. per cent; short loan bills, 1 per cent.; three I months' bills, Undoii 1% per cent' l J aris 1% per cent., Berlin 2% per cent.'

GOVERNMENT SECURITIES. Consols, S(i'/ K per cent.; .New South Wales fours, 107 per cent.; (South Australian three and a-halfs 08 ]ier cent.,' threes S(i per cent.; Tasinauiiiii three and a-halfs 00% per cent., threes 88 per cent. Other securities are unchanged.

LOXUON .MARKETS. Wheat.—The market is dull owing to| the continued fine weather and the jn-i ticipation of America shipping new wheat heavily. Cargoes arc ipiiet. Quotations—Australian August shipment per steamer is offering at'3Bs (id; per sailer. -March shipment 37.s !)d, August (18s. For Australian spot there is fair inquiry at 38s to 30s.

Hour.—Flour is lirnily held; 25s (id is asked for Australian patent brands 111 London, 27s lid in lilasgow. Butter.—The market is nil her easier. owing to large Siberian arrivals. No Australian is offering: New Zealand, litis. ' Cheese.—Cheese is firm; white t!2s lo 03s, colored 00s. Copper—Spot £5!) 15s. three months £OO 10s. Tin.—Spot £137 las, three months £139. Lead, £l3 ss. Spelter, .Cl!>. Iron, 50s 2d. Silver, 24 5-ltiil.

Sugar.—The market, is quiet; German 10s Bd, lirst marks 12s srf". Wool.—At ISradford the wool business is at a standstill. Forties are lO'/el; forty-sixes. Is; common sixties, 22d; super. 2(id: . i\ly-four.s. 21d. In Lonil-'ii the following were the av. rage pries realis* d L>r lieece [Hiiiion.> 01 clips: - "Tiraunica" ii'/(.d, "(jrui'' S : ;' s d.

LONDON' WOOL SALES. London, July 30. At Hi wool sales there is still animated bidding for all sorts. Prices are unchanged.

SOUTH AUSTRALIAN LOAX. Adelaide, July 31. j The firm which was negotiating Joan j terms with Lloyds', expplains that the Government is laid open to a charge of breach of faith through the action of its London representative, Mr. Jonkins. Tliefirm's efforts were made in response to requests from more thai) one State Treasurer to compete against' a so-calld London ring. It was not pretended that this firm or anyone else 'could do without brokers, as the ywere just as necessary in connection with 'loans as tea dealers were in the distribution of tea. The firm has succeeded jnarranging tli business in question with the largest Bank in Britain and some brokers of high standing and had made absolutely possible what was said to be impossible. The reason for the failure is a matter for Government investigation. The firm has already intimated that it does not intend to make any claim for commission, but it will demand for the credit of Smith Australia that inquiries be mare by the <io. rernment 'Sis to the reason' why the London representative did not sign the 'agreement.

XEWTOX KINO'S UEI'OUT. At the Hay-market- on Saturday there was a very small entry of pigs bill goo 1 enquiry. Slips made 'ills lid to 12s (id; porker, £1 as; horses, £2 10s to £3. At the mart poultry sold well, turkeys making 4s to 7s (id; ducks, 2s to 2s 2d; hens, Is (id to 2s 3d; pullets, Is Oil to 2s 4dj cockerels, Is 2d to 2s 3d. Sundries .sold at usual rate*. On Tuesday the sale of furniture on account of Mr. \V. Sheffield was well attended, and although there were sor.'e bargains, prices on the whole were satisfactory. -*

At Kaponga on Friday, 24th hist., there was a good yarding, principally store cows and springing heifers. 'A line line of 100 of the latter from Mr. J. il. Fret hey was a feaure of the sale, and realised excellent prices. Store cows were in good demand and sold well. Steer calves made His (id; yearling do.. 30s <id; heifer do., His (id to 21s; store cows, £2 to £2 8s; forward do., £2 I,ls to £3 8s; two-year heifers in ca : f, £2 las to £3 as; springing do., £3 10s to £a ss.

The same day at Upper Hastings Road, 1 held a clearing sale on account of .Mr. .1. Herbert. The cows were a good lot and realised very satisfactory prices. 'Early culvers made £li to £0 15s; late do., £3 10s to £a; aged do,. Vi 10s lo £2 las; yearlings, 17s; trap horse, £2O. Implements and sundries sold well.

On Mundav, at Tariki, 1 held a clearing sale of Mr. W. V. 'darkness' grade' .Icrseys and other cows. As the owner intends couliuing himself in future to only pedigree Jerseys, the grades were sold wilhoul reserve. A few voung pedigree bulls and two or three heifer* weie also olVcicl. and nearlv all sold at excel!. -I pii..-. Crude .ier-ey IS-nionl!]-lieib rs in-;.:.' Ci 15s to CS Ids; grade cov.-, Au-iNi and September calvers. £b 5s to £l4 10s; later dates, £4 Ill's lo C 7 ll'-; pedigree Jersey heifers ill calf, £2l Ills to £35; pedigree Jersey 2-year bulK -1 In ill guineas; yearling do, The same day, at Oakura, Messrs. Sefton Bros.' clearing sale was well attended and good prices were realised through our. liairy etnvs made £4 to £7, 18- to 2d-nionths heifers, £2 2s; mixed calves. 18s (id: 18-monthn Shorthorn bull, £(i; fnll-mouth ew 7 es, 0s !)d; trap mare, £2l ills; unbroken draught colt, £10; (illy, Cl2 Ills. Furniture, implements, and sundries .sold well.

At Stratford, ou Tuesday, my fortnightly sale was well attended. Ail young cattle and store cows were in good demand, and sold at full ruling rates, (.'alves'"made 18s to 245; mixed vearlings. 31s: steer do., 355; 18-months heifers. 30s (id: store cows, ills (id to 4Js Od; forward do.. 35s to £3 Ills; dairy cows, C 3 to Cli; springing heifers, £3 lis lid to £4 IPs. The same .lav. at Cordon Road, I heel a clearing sale on account, of Mr. W. Harris. Karly calvers made £5 5s to £U ss; backward and uncertain dates. C 3 to C 4 IPs: stores. C2 to C2 Ills; bull. £3: breeding sow-, C2 5s to £.i !ss.

(hi Wednesday, at okato, I held a clearing sale on account of Messrs. Gill ltros. The cows were mostly young, but unfortunately tin- majority were hackward in appearance, and these consequently -old at rather low rates. Ear'v calvers sold well, the top price, £l4 10.,. being for a good-looking made Jersey. August calvers made C 7 to 114 Ills: .September and later, C 3 to CO-10s: store cows, :17s (id to .ids: 18 to ;illuonths emptv heifer-, :12s; grade Jersey do., 50s: 3- to 3'Vyear bullocks. C 4 ss: 2-vear steers, £2 to C2 Ills; draught horse, £25. (In account of other vendors springing heifers made C 4 15s: breeding sows. C! 10s; unbroken draught colt. CIS 15-: •_'• year lillv. Cl2 Ids: yearling colt. C 7 'lOs. The same day, at Stratford. I held a clearing sale ou account of Mr. K. Sharrock. Early culvers made C 7 to £!l ss; backward and late calvers, c:i 5s to CO Ids: 12- to 18-month empty heifers, 20s to 3ds: weaners. Ids lid: sow. C 3 15s: sundries made low prices.

WEBSTER BUGS.- llEI'o|;T. (In Saturday last we had an ext.-a large entry of poultry of all classes, and prices realised show a decided advan--e on previous weeks, did hens made Is :'.i lo Is 7d: cockerel-. 2s to 2- !ld: pullets, Is Hid to 2s lid. Trees and shelter shrubs still firm. We T'jomiueiid consignments, as present prices arc likc'y to be maintained. On Thursday we held a very successful clcarim; -side on I lie Carringl m Road on account of Mr. '•• < '■ ' !il >• ] Tl„. e: were in g I coii.hlion and -,.|.l well as follows: Mixed wcancis.l 10, 1 Yearling heifel's. Id- lid |o| :tn-- -mall -lores. viTs; .le.-cv bull. C 7 .-,- ,„w-. i.. October c.il-cr-. C 3 12.1

Ud to ClO 5.1, the whole herd averaging £5 lis; three late culvers, £2 is (id to £3 7s (id; springing heifers, -£4 to .Co ss; buy gelding, XI); weancr pigs, 12s (id; breeding sows, £2 to .Co 3s: boar, CI lis.

MESSRS. L. A. .NOLAN & CO.'S IUiI'OKT. Poultry.—Fowls came in iiMial quailiities, and again met with a- keen demand. Hens, Is lid to vis :id; pullels (Is to 4s; roosters, Is 8d to is; cockerels. 2s (Jd to 2s lid; ducks, Is lid to 2s (Id. At the mart a large quantity of fu.--niture and sundries were sold in favour of buvers.

, Fruit-Apples are still coming forward in large quantities. We quote: Stunners, !)s to lis (id; crabs, 7s (id t„ Ss; -Newtons, 8s to 8s lid; red dc.-scrt, Ills to 10s (id; Epps, 7s Ud to Bs.

VICKERS & STEVF.XS' lilil'OßT. Messrs Viekers & Stevens report that there was a large entrv of entile, and prices for young stock showed a sliithl improvement. Calves made from I (is '.id to -CI (is Oil; vearling steers. CI 7s to CI Us lid: steers, cl His lidstore cows, £1 Ills to £2 lis- spriie'ers ,C2 15s to C 5 ss. "" ''

At '.Mr. W. Fnxrroft', sale on Friibic there was a large attendance and eventhing sold well. The cows were a good lot and made from C(i IDs to C7"ss; yearlings, CI Is (id; roan gcldin". CIS: buggy horses, .CO; sundries at good prices.

At .Mr. A. Lindsay's sale on Monday there was a good attendance, old and haekward cows made £2 lo Co ss; good cows close 11]), ,C 4to CO ss; yearlings, ,C 1; bay mare, C2!) 10s; do., Cl-I. At Mr. C. Martin's sale on Tuesday there was a fair allenilance. Old an'.l backward cows made C2 7s (id lo C! 10s; good forward cows, ct 2s (id to ,C(i 12s (id; yearlings, CI 5s lid; I woyear steers, ;C2 15s; bay mare. C(l2.

At .Mr. ,1. Brown's saie oil the Rugby Road, on Thursday, there was a go id attendance, and the good voting cows sold well. Backward cows made £2 Ids to C(l Ills; good young cows ami clouup made from C 4 10s lo C 7 15s; ewes in lamb. !)s Oil: hoggets, Us 2d: horses and sundries at satisfactory prices.

AIVKL-ANI) STOCK MAIiKKT. | The New Zealand Loan and Jierc'intilo Agency Company. Ltd., report:— Horses.—At tlic Durham Yards un Friday heavy draughts suld at from £27 to £4O 10s; mcdiuui do., £l4 10s to £3O los; Jiacks and light harness horses, a> 10s to £lB as; Shetland pony, XII 10s; two C'ourtland waggons, £2B 10s and £3O. y Cattle.— Thare was a full muster of stock of all descriptions at Xewmark.t on Tuesday. Dairy cows sold at from £3 10s to-£7; empty cows, £2 2 S lid to £3 as; calves, 18s to £1 7s. ll'rime quality sold to 24s per lOOlli., and cows 10s to 21s per 1001b. Steers realised from £5 17s Od to £ll 10s; cotvs, £3 Ids to £C las.

Sheep were yarded in full numbers at I -Newmarket and sold at lower rates. Wethers realised from Ills to £1 2s lid; ewes, 12s (id to Ids; hoggets, lis lid to His (id. Pigs—l'orkers sold at from £1 Is to £2 3s; weaners, 10s Ud to 17s; baco:iers, £2 7s to £3 2s. Hides.—.Market (inn for all well-flayed ox. Scored, cut, and damaged were hard to sell. We quote—Extra stout ox, 7 1 to 7'/.d; stout do.. (i'/ 4 d to (i%d; medium do., 3%d to (id: light do., ad to 5%d ; cows', best lines 3%d to -Id, good 3'/ a d to 3%d, scored 3d to 3'Ad: kips, 3'/ 4 d to 4Vi<l: calfskins. 3'/,d to ad: stags', i'/.A to 3d.

Sheepskins.—Market lirm. Best butcher's skins, large 3s to 3s 3d. good lines 2.8 d to 2s HJd, medium Is 0d to 2s 3d. small Is 3d to Is (id. Tallow—Market firmer, lies! mixed, to 245:.-.'"oil. 21s (id to 22s 3d; inferior, las (ill to ISs lid; rough fat. l'/ 4 il to l'/,d per lb.

ADDIXOTOX STOCK .MARKET. At the Addington live slock market on Wednesday there was a fairly large yarding of stock, and a good attendance. Store 1 sheep were rather easier. Fat cattle showed an improvement. Fat lambs sold well, and pigs met with a good sale. There was a larger entry of store sheep than last week, and of better quality than usual. Ewes and hoggets formed almost the total yarding." All lines changed hands at. prices wf about last week's level. petitioii for ewes was not so keen on account of the larger oll'ering. in a few cases values being in buyers' favour. S'; and eight-tooth ewes made up to 20s Oil for an extra good line, and others made 18s 0d: sound mouth, 10s Oil to 17s ltd; and failing mouth, 14s to las. Ewe hoggets made up to 14s lid; others. 12s to 14s: and mixed lines up to 14s. There was a small yarding of fat lambs, an 1 bidding was brisk, resulting in a hardening of values. Tegs made 17s (id to 10s lid; ordinary weights, 13s lid to 17s; and others up to 13s. The range ol prices was:—Extra prime wethers, to 2,1s 3d; prime, 10s to 23s 3d; lighler, las 7d to 18s lid: exlra prime ewes, lo 21s Oil; prime, 17s to 20s: medium, Ms lo His (id; aged and light, 10s lo l.'ls (id; merino wethers, las 3d lo His; merino ewes, lis 3d.

The'yarding of fat cattle totalled 2Hi head, of which there was a fair proper lion of prime beef. The market opened at last week's level, but improved considerably towarils the close, prime beef bcim: equal to 23s 1.. 2lis, extra to 28s, inediiini 21s to 22s lid, and row and inferior 17s to ills per HKIlb. Steers made i;i; 15s b ClO Ids; extra, to £l2 ss; heifers. C 5 Ins to £0 ss; and cow-. CI Ills to £8 12s (Id. The store cattle were, mostly aged cows, which made I'm to ;C3 12s. There, was a belter incpiirv for stores, and of the few ottered two'and two and a-lialf year steers sold at £3 Is, and three-year-old steers CI (is. . Good dairy cows were in demand, and sold up to £lO, and inferior sorts were as low as £3 7s Od.

The entry of fat pigs was a small one. but included some animals of very nice quality. The demand was good, and all lines were sold at prices quite equal to those ruling the previous Largo baenners realised from C 3 to £3 His; medium, 48s to 58s (equal lo s'/,d I<> S'/.d per lb.); large porkers made .'las to 425; and smaller. 30s lo 3ls (equal to •vftd (o fid per lb.). There was a good entry of stores, and a capital demand, lar"c kinds making 34s lo 3lis Od: medium. 25s to 32b; and small, 20s to 245. Weaners sold at 12s to Ms. T)r\ T KDL\ STOCK MARKET.

JJunedin. July 20. Fat Cattle—There was a fair yarding of medium quality. Trices fur good cattle were tinner, but uulinished sorts were, if anything, easier than last week. Best bullocks. CHI Ids to Cll Ills: extra, to £l2 7s lid: medium. CS Ills lo Cll Ids; inferior. £(i to C 7 ss; best cows and heifers, CS 5s lo £'.!: extra, lo CHI 2s lid: medium, Cd Ids to £7 Ids: inferior. C 5 to C 5 15s. Sheep.—3l3o yarded, principally composed of heavy weight and medium wethers, with a few pens of good quality ewe-. For bcavv sheep the market was from Is lid to 2s easier than last week, but medium weights, owing to the opernlioii of freezing buyers, wen a par with last week's rates, liesi wethers, ids to 225: extra, to 255: medium, ISs 1,, His lid: light and inferior. 15s lid to 17s lid: best ewes. 15s lid to 18s 3d. Lambs.—Best. His to ISs: medium, I-Is lid to 15s lid. I'igs.—There was a fair yarding of small pigs, but only a pen or two <;l" "..od pigs, which sold at au advance on hi-t week's rates. Suckers, 14s to His; slips. ISs to 20s: stores. 28s to 355: porkel's, 38s to 435; light bacouers. 47s lo

M'XEDIX (iliAlX .MARKET. Dunodin, July 20. Oats.—Owing to the absence of shipping demand very few sales of oals are reported, though merchants show an inclination to buy at slightly at slightlv under ruling prices. Large quaulilies iir Vcring. lint owners' ideas of value ~,-,. above 'shippers" limits. Clean seed lines, up to 2s (id: prime milling. 2s 3d: medium, 2?to 2s' \,C " ° " "' ' Wlieal.-.Millers are busing snia.l quaulilies in expectation of Hi-' markd. Inideniii". Prime milling, -Is 3d to Is 1,1: medium.-Is 2d 1...-Is 3d; fowl wheal. 1- i„ Is Id: broken. 3s lid lo 3s Oil.

WANGANUI STUCK MARKET. Messrs. Dalgely & Co., Ltd., report | «s follows on their Wauganui sale:—We hud a small yarding, consisting of 1000 sheep nud oil entile, several iines advertised failing to come forward. The bulk of the sheep consisted of fat and forward wethers and aged ewes in lamb, lintli these classes were dull of sale. Lambs were in keen demaml, all those yarded selling under the hammer at an advance on late rates. We i(iiole: .Medium lambs. '.ls 4il: small lambs, 4s sd; aged ewes in lamb, Is !ld; fat and 1 forward welhers, 14,: ruugli liflcenI month steer*, :17s. ■