COMMERCIAL.

Taranaki Daily News, Volume LV, Issue 167, 2 December 1912, Page 7

COMMERCIAL.

BANK OF ENGLAND RETURNS.

By Cable —Press Association —Copyright,

London, November 29,

The Bank of England returns for the week ending Wednesday last are as follow: Gold coin, £30,514,000. Reserve, £27,024,000. Note circulation, £28,312,000. Public deposits, fl3, 180,000. Other deposits. £41,753,000. Government securities, £13,033,000. Other securities, £31,701,000 . Proportion of reserve to liabilities, 50.81. THE MONEY MARKET.

Bank rate, 5 per cent.; short loans, 3 15-10 per cent.; three months' bills, 4% per cent.; Paris, 3% per cent.; Berlin, 0' per cent. GOVERNMENT SECURITIES.

The following are the latest quotations for Government securities: —

2 1 /, per cent. Consols, £74 2s <3d; fall of £l. 4 per cent. New South Wales, £103; unchanged. 3 %per cent. New South Wales, £9B; rise of £2.

p per cent. New South Wales, £B4; unchanged. 4 per cent. Victoria, £102; rise of ss. 3% per cent. Victoria, £93; rise of £l. 3 per cent. Victoria, £79; unchanged. ~8% per cent. South Australia, £93; un'changed. :3 per cent. South Australia, £7B, unchanged.

;4 per cent-.,Queensland, £102; unchanged i»y s per cent. Queensland, £94; unchanged. •' >3 per. cent,:Queensland,.-£SO; unchanged- ; ;

i 4 per cent, New Zealand, £102; rise of 10s. "

'3V& p<?r cent. New Zealand, £9l; unchanged..-, • : " 3 percent; New Zealand, £B4; unchang l ed. ■ ■ . ■ • • ■ ■3% per cent. Tasmania, £92; rise of ss. " - :3 per cent. Tasmania; £B4; unchanged.

.3% per cent. West Australia. £92; unclhamgei. j 3 per cent. West Australia, £B3 10s; unchanged. . . ,

i, ; TjOnon maekets. ' 1 ' ' London, 'November 29. I Copper.—Spot £7O 12s Gd, three months £77 12s 0d... . ■ Tin.p-Spot. £22(5. 15s, three months, .£226 10s, .. ; Lead, JlB 2s fid. • • | Iron, Spelter, £2Q 'ss,. ~... ; .; , | Wolfram. £33. . i • j 9s Od, first marlfs,.!lls> Bd.V . Bradford tVoo}.—-The market is very, firti},'and business is quieter; 04's '29 d;,'> qortihori Ws. 27d. super 28V 4 <i, 50's 21d,. iso'B , ;,&'^, I, 4d's • Wheat—Cargoes are firmer, shippers ' offering sparingly., There is little, bid-. #ng; 3?s is. asked for Australian , Janu-ary-February, and 30s 9d for a Mjtfph-, Aprjl shipiycut. .Liverpool futures ,Dc-; fiefitp, Chicago December 8-l 1 /s cents .to cent's, May 90% cents to 91%. cents!,' i spot, about 40s. . arid easier; Australia... jiateijts 28s to 29s ex store. : Oats,—Slow. La' Plata January Feb-. ruarv 15s 3d. ~ , . ~' > i gutter. I —Tiie frds,t in .Engliinilapd.th'e, Cont'itlent 1 ' ' has hardened the' market/ Tlidre improved demand for <;nlbniaJfj; p.rices Hre !irm anil unchanged! tiaTV ish'l2Bs to 130s, Importers ar'c'.stoying. New' in the hope of getting bet/ tor,'prices shortly. . , 1 Chefsei—The market is quiet a,nd upchanged, ; .." " , , ' W9ol,—the sales there is, keen coin-,' petition "by Continental buyers., 'Yorkri shire buyers demand fine'iiieri,nos. the, prices fpr which are hardening./ Cross-' brrnls are unchanged. Silver;', 29 3-10 d. :XEWTOX KING'S WEEKLY REPORT. ■ ' 'At Waiwakaiho, on Friday, November >22, there was a good entry of all classes ;and a,:good attendance of the public. was. good for most lines, <iVe,arly everything being cleared at the. ;fpjlowing rates: —Jersey-Holstein 15months heifers £4 os 6(1 to £4 las, '•grades £2 .10# to £3 14s, IS-months steers (poor quality) £1 17s to £2 lis., bulls £2 11? (a £O. 2-year colored steers £3 7s Od to £3 10s, empty 2-ygarJiei-fers £4 5s to £4 10s, good store cOvvs£3 18s Od to £4 18s, small £2 14s to £3 10s, aged £1 2s to £2 ss, fat cows. , £5 I3s Od to £0 Is, springing heifers' ! £,G 7s 0d to £B, dairy cows £5, 2s Od I to £'B 7s Od.

On I 'Monday, 25th, at ray Urenui'yards, I had a big fill try, with a' good attend-' anco of the public. Springing heifers and cows were yarded in good numbers, gelling under good competition at frOm £S to £lO for beat cows and £5 12s Gd td £6 7s Gd for second grade, best dairy heifers .CO 10s to £9, small £4 to £5 las. Bidding opened very slack on store cattle, but improved during the sale, the majority of the yarding being disposed of as follows:—Choice 15-months Jersey heifers £5 2s Gd, grades £3 2s fid to £3 8s fid, good line 15 to 18-month* sheers £3 14s, small or colored £1 15s to £2 10s, bulls £2 17s to £4, 2V a -year

j Shorthorn steers £5 to £5 4s, 2y 3 -year 1 colored stters and (stags £3 8s Od, empty r 2-year Jersey heifers (choice colors) £G j 3s, grades £3 18s to £4 lis, fat cows i' £5 7s fid to ;Cti lis. fat heifers £5 16s,

good store cows £3 18s to £4 13s, small £3 Is to £3 lis Gd, aged £1 8s to £2 ss, empty Jersey cows (guaranteed sound) £5 to £s* 10s, forward bullocks £7 10s, f.ni. ewes (with 100 per cent, good well-grown lambs) 20s Gd, 2-tootli to G-tooth ewes (with 75 per cent, of lambs) up to 235. At Toko on the same day fat cows realised £5 2s to £5 17s, store and forward cows £3 5s to £4 16s, cows

and calves £4 13s, hulls £3 6s to £6, 15-months heifers £3 10s,. 15-month# steers £3 Bs, ewes and lambs (small

line) 24s 3d, empty 2-year heifers £4 Gs. On Tuesday, 20th, for niv fortnightly Stratford sale, the heavy rain which prevailed all day prevented many vendors from yarding' their cattle; consequently I had only a small entry of about 500 head. The attendance also was consid-

erably affected by the weather, few buyers being present, and competition was quiet, but after the sale practically the whole of the yaiding, with the exception ,of the dairy cattle, was cleared as fol-lows:—15-months grade Jersey heifers £4 to £4 2s, yearling bulls £1 to £2 Gs. bulls for canning £3 3s to £5 Is, 2V 3 -year steers' (with a bit of color) £4 10s, empty 2y s -year colored heifers £4 15s' to £5 2s 6d, grades £4 5s to £4 Hs, fat cows £5 10s to £0 7s Gd, good store cows £3 13s Gd to £4 12s 6d, small stores £2 "Gs Gd to £2 Bs. springing heifers £6, dairy cows £6 10s, 3 to 31/,-ycar bulloeks £6 12s Gd.

On Wednesday, at my Stony River yards, I had only a small entry, with a n-ood demand, as follows: —15-months grade heifers £3 Gs to £3 12s, small £2 15s, 15-months steers (good) £3 5s 6d, bulls from £2 16s to £6, empty 2-year heifers £4 Is to £1 17s, store and forward cows from £4 Cs to £5, sprm"in» heifers £5 2s 6d to £7 ss, dairy" cows £5 12s Gd, cows and calves £5 to £5 5s Gd, slip pigs 19s 6d, small £1 4s ; voung pedigree perkslnrg

LONDON MARKETS. The New Zealand Loan and Mercantile Agency Co., Ltd., and Reduced, have received the following cablegram from their London house 'under date November 26: Wool sales—There was a full attendance at the opening of the sales to-day, competition by Home and Continental' buyers being keen and prices, as compared with the close of preceding series, ruled in sellers' favor. The opening catalogues were fairly representative. As compared with last sales' closing rates, prices were higher by about 7% to 10 per cent, for coarse crossbred and merino, and by about 5 per cent, for fine and medium crossbreds. America is operating. Tallow—We quote present spot values for the following descriptions:—Good mutton 39s per cwt., good beef 35s fid, mixed 325. The market is quiet. Wheat—We quote 37s 3d, c.i.f., Australian cargo. There is very little demand owing to increased supplies. Market prospects in America are likely to decline. We quote per quafcer, c.i.f., New Zealand wheat: Long-berried 35s 6d, short-berried 355. THE WOOL MARKET. Dalgety and Co., Ltd., Wellington, have received the following cablegram frotn their London offioe, dated November 26: —Wool sales- opened. Attendance of buyers is large, competition animated, and selection good. As compared with last sales' closing rate's, merinos and crossbreds advanced 5 to 7M> per cent, and merinos 'iy 2 per cent. Scoured merinos 5 to iy z per cent, advance. Dalgety and Co., Ltd., Adelaide, cabled on November 26 as follows:—The wool market is. excited. At to-day's sales, medium merino wools were y 3 d higher and good merino Id higher. Crossbreds and comeback wools, strong demand.