COMMERCIAL

Taranaki Daily News, Volume LIV, Issue 313, 1 July 1912, Page 7

COMMERCIAL

BANK OF ENGLAND RETURNS.

By Cable Press Association—Copyright. London, June 28. The Bank of England returns for the week ending Wednesday last are as follows: Gold coin, £39,651,000. Reserve, £30,325,000. Note circulation, £29,209,000. Public deposits, £23,719,000. Other deposits, £43,018,000. i Government securities, £13.984,000. Other securities, £40,276,000. Proportion of reserve to liabilities, 45.42. '

THE MONEY MARKET. Bank rate, 3 per cent.; short loans, 2% P er cent.; three months' bills, 2 13-16 per cent.; Paris, 2% per cent.; Berlin, 4% per cent. GOVERNMENT SECURITIES. The following are the latest quotations for Government securities: P e r cent. Consols, £76 10s; rise of 2s 6d. 4 per cent. New South Wales, £103; unchanged. j 3% per cent. New South Wales, £9B 10s; unchanged. 3 per cent. New South Wales, £BS 10s; fall of 10s. 3% per cent. Victoria £95 10s; fall of 10s. 3 per cent. Victoria, £B2 10s; fall of 10s. 4 per cent. Victoria, £IOO 10s; unchanged. 3% per cent. South Australia, £95; fall of £l. 3 ppr cent. South Australia, £BO 10s; rise of £l. 4 per cent. Queensland, £IOO 10s; : unchanged. 3% per cent. Queensland, £95 10s; I unchanged. 3 per cent. Queensland, £B4" 10s; unchanged. 4 per cent. New Zealand, £lo2;' unchanged. SVs .per cent. New Zealand, £94 10s; fall of £2 10s. 3 per cent. New £S5 10s; unchanged. 1 S'/ 2 per cent. Tasmania, £93 10s„; un-. changed. '■ " ' 3 per cent. Tasmania, -£B4; unchanged., 3% per cent. West Australia, £94 10s; ' unchanged. 3 per cent. West Australia, £B6; un- ; changed.

LONDON/MARKETS-. - j • London, tfune '2B. 7 Copper—Three months £79 2s 6d. '> Silver, 28'4d. Tin.—Spot ■ £'2oß, three months £2OO 10s. C Lead, £lB. ' ■ ! Spelter, £25 17s tM. " J Iron, 575. ' Sugar.—Germaii 10s' lldV'first 'maris 14s lOd. Bradford arid Wheat.—Tlf<}' "iridrtel fs'JJjiije't' gnd firm. Thq .Continental dernaji.d-.' is ijylj, owing to recen,t','Jie;jvy purchases ( cargoes estimated 'lit. ' G'o,ooo '" q.uajteijs since the middle, of Sfay li.tiving K satisfied present30s 9d' is May, 40s. 34 'jfgjr South Wales . IpHl, ~tj} parcels - was,,, paid for-., 4a»tralian ,andr,.4s, C.i.f. . ,;r ffl.tr Oats.—Eju'lU,!# ?lata May-Juite.jlG£s6fl. ■ Peas and .beaijs. quiet andipwictrangefl. Butter.—Colonial stagnant, quotations nominal. Choicest AUsifalfa/n. JO4» 'to 106s, New Zealand 110s to 114ar -Danish; quiet and unchanged. '"•••• ■" Cheese. —DuUja New ; Zealand "'-686. id. to ,70s. ,"-V "f/ ' ] . NEWTON !! On Friday, 21st., I had a good' 1 entry, ill niv Waiwakaiho yards, with a, "good! inquiry. Yearling steers, £1 4s 'bd'*io' £1 12s; yearling heifers, £1 18s. to t£3j 8s; mixed yfearlinfcs,;: cows. £1 to £1 ltls; store cow's," £3..- Lsi to £3 15s; fat cows, £5 5?; guaranteed dairy cows, ■■ 1 &f" 2s; three-i quarter cows, £2 10s to £3 ss; sprining dairy heifers (choice.)', 3yrs, <£./); I-iisi to £7 16s; good 2-yw. dp.*;; fiWlos.-ittt* 13s 6d; fat, ewes, 14s Id: ho3fgctf,.'7» 9d; 2-tooth wethers, J1» 6d to iA. line of backward-cows .on ;acc<)unt .of Mr. T. R. Saywe}l realised fTom''£4 to-j£6 15s. '■ ■ v., .. ;.• I

At Urenui on -Monday, 24th., J there ■was a fair yarding, with a good attotidance. Two-tooth 'ito f.rrr. ewes realise'd from lis-to 12s (id; nhoggets,.,los! Gd;■ good yearling steers, from " ,£2" 2s. 6d to £3 69 fid; yearlings (mixed), £;l 12S; empty 20-months'heifers, £3 10s to'£3 17s; 20-months t0.2-vear steers, ~£3 8s 6d to £3 17s Od; staifßS, ■•£3UO»?- store cows, £2 to £3.;.; Cs 6d; fonviird £4 7s; in calf 20-months heife.rs,£3 14s (id; springing heifers,- £5 to folOas .dairy cows. £4j;l7fl 6d to £G 10s; fat bullocks, £Bi 10s.

On the ?ame day in my Douglas yards I had a fair lot of cattle and about 50fl sheep yarded. Bidding throughout was good, everything being cleared, with -the exception of two small lines of 20-months in calf heifers. A private dairy herd nn account of Mr. Arthur Walter met with very good competition from £5 2s Od to £lO 10s. and on account of the same vendor cows in iriilk realised from £4 15s to £5; weaner heifers. £1 12s; sprine cart, £5 10s. Other prices were: Mixed yearlings, -showing a lot of bad color, £1 3s: emptv 20-months heifers, | i£3 8s fid to £3 15s; store cows, £3 8s to £4 4s fid; 20-months steers, £3' lis; two-tooth to f.m. ewes in lamb, (Is lid to 10s lid; f.m. ewes in lamb, ss; fat mixed ewes and wethers, lfis sd; small wethers, 10s; rams, ss; dairy cows, £8 to £9; in calf 2V, to 3-year 'heifers, good. £0 2s to £6 13s fid; backward do., £4 17-s Gd to £5 10s; choice 2-vear in calf heifers. £5 ss. On the same day. on the Lower Duthie road, for Mr. W. Standish's clearing sale, I had a very good attendance, with a keen demand for the dairy cows, which realised from £8 10* to £l2 15s for best quality, second grade, £4 10s to £7 ss; three-quarter cows, £4 5s to £fi; empty cows. £4 2s. In mv Stratford yards, on Tuesday. 25th., I had a good yarding of store cattle, with ?. keen demand throughout for most classes. Inquiry was best- for good fresh cows. 20-months steers and empty heifers. Aged cows realised from £.l to £1 15s; store cows, £2 ISs to £3 10s; forward cow-, £4 to £4 15s; fat cows. £5 (is to £5 15s; emptv 20months heifers. £3 Ss fid to £3 1 -Is fid, according l to size and quality; yearling : steers. £] 3s to £1 ]!!<; yearling Jersey heifers, £3 10s; yearling grade heifers, £1 15s; 20-months colored steers, £2 7s to £3 3s; 20-months steers (<rood). £3 15s fid: mixed yearlings £1 lis fid to £2 2s: 2'/.-vear steers. £4 13s; 3 to -year b;;!!V-ks. £5 (is to £5 15s; I"-: 1 - f-s -heifers tin calf. £3 18s.

Tn my Stratford dairy pons on the Sfimo day T sold without reserve a linn of in calf heifers 011 account of Mr. -T. T.evnndowski. and lino of dairv rows on account of "Mr. 11. Ohadwick. Tlic attendance was very large. Most of the heifers offered were rising 2-vear olds and in good condition. A few 3-year heifer:; wore offered, bringing up to £lO. Best quality Jersey-Holstoins 2-year heifers met with 'rood competition selling from £fi to £8 Ifls: pood. £4 10s to £5 ]ss; small and late, £3 7s fid to £3 17s Gd; dairy cows on account of

Mr. H. Chad wick from £7 5s tr> £ll 5:-,; old, £2 12s fid to £(>;, on account ol others vendors, in calf heifers, £5 2s 6d to £5 10s; empty heifers, £3 10s. For Mr. IT. Parke's clearing sale on the Palmer road on Wednesday, 20th., I had a good attendance. Cows calving early were wanted, realising from £8 10s to £l2 10a; late calvers, £4 10s to £7; three-quarter cows up to £5 15s; in calf heifers, £4 2s to £"; colt, £8; gelding, £24 15s; empty cows, £3 Is. On the same day I 'had my Stony River yards well filled with all classes of stock, buyers being present in good numbers, and a very successful safe resulted. Yearling steers, from £1 7s to £B 2s fid; mixed yearlings, £1 Is to £2 Os (>d; 2%-year steers, £4 lis; in calf 20-months grade heifers, £3 14s fid to £4 ss; empty 20-months heifers, £3 15s; store cows, £2 10s 6d to £3 ss; forward cows, to £4 18s; very choice line of 2-year Jersey in calf heifers, from £6 lis 6d to £7 iOs; 20-months steers, ,£3 ss; line of dairy cows on account of Mr. J. Berndsten at £7 per head.

On Thursday at Mangatoki I held a sale of Mr. G. Parke's dairy stock and farm sundries. Notwithstanding the wretched day, I had a very large attendance of buyers from all parts of the district. The cows were a very nice Shorthorn-Jersey line in fine condition, showing well forward, and met with good competition, averaging just £lO for the line. The horses, implements, gigs and sundries eold very readily. Prices obtained were: Best quality cows, £9 10s to £l4 10s; good, 1 £7 to £9; three-quarter or backward, £4 5s to £8; Jersey-Holstein grade heifers, in calf, £0 to £7 15s; Bulls, £2 to £8; draught draught in foal. £10; breeding sows, -C2 15s to £4 15s; gigs, £lB to £l9 ss; hacks, £0 to £7 ss; berberry plants, 30s per 1000; Cambridge roller, £ls 10s; d.f plough, £11; s.f. plough, £5 ss: McCormack mower, £lO 10s; drill, £22; dray, £l6 15s.

Private Sales.—During the ■week prices obtained, were as follows: Hoggets, 103 9d, 10s, 8s f)d, 0s; 2 and 4-tooth ewes i(i lamb, 16s 3d; f.f.m. ewes in lamb. 10s; f.m. ewes, Os (id to 7s fid; fat wethers, 10s; yearling Jersey-Holstein heifers. £2 15s to £3 10s; mixed yearlings, £2 3s; weaners, £1 to £1 ss; empty 20months (in demand), £3 7s fid to £5 16s; in calf heifers, £5 12s fid to £7 10s; ■2O-months steers. £3 to £3 10s; small ■and bad colored, £2 ss; bulls, £3; store cows. £3 to £3 12s fid; forward cows, up to £4 10s; fat cows,. £5-5$ to £0 0s; forward bullocks. £7j .draught gelding, £35; turnips, £2 15s per acre; dairy cows, choice 'herd of fourteen, at. £l9 10?; others 1 "£ll, £9. ss, '£s 15s, £8 10s, and .£B. j "1 ,

LONDON MARKETS, -i <

The New Zealand Loan and Mercantile Agency Co., Ltd., has received the following cablegram from their London house under date' June 26: I

Tallavf-T-We quote present spot values! <#or the followirfg descriptions: Good mut-i •ton 35s 9d p'erhvi; good beef, 3ls fid per -cwt,.; mixed, 32s 3d per cwt., Markets 'quiet... , . • is firm, with an up- 1 !• ward tendency; , '

Wheat.—We lipve sold an Australian! ■cargo at 4ls fid, -e.i.f. The market-is 'quiet hut and the outlook is till-! r certain.' : ' ' t •