COMMERCIAL.

Taranaki Daily News, Volume LV, Issue 173, 9 December 1912, Page 8

COMMERCIAL.

BANK OP ENGLAND RETURNS.

By Cable—Press Association—Copyright,

London, December G.

The Bank of England returns for the week ending Wednesday last are as follow: Gold coin, £35,299,000. Reserve, £26,2G2,0C0. Note circulation, £28,003,000. Public deposits, £11,876,000. Other deposits, £40,540,000. Government securities, £13,035,000. Other securities, £30,885,000. Proportion of reserve to liabilities. 50.08. THE MONEY MARKET.

Bank rate, 5 per cent.; short loans, 3% per cent.; three months' bills, 4 7-10 per cent.; Paris, 3M> per cent.; Berlin, 0 per cent. GOVERNMENT SECURITIES.

The following are the latest quotations for Government securities:—

2'/ 2 per cent. Consols, £75 ss; rise of £1 2s Gd.

4 per cent. New South Wales, £102; fall of £l.

3% per cent. New South Wales, £9l; tall of £l,

3 per cent. New South Wales, £B4; < unchanged. 4 per cent. Victoria, £100; fall of £2. S'/o per cent. Victoria, £94; rise of £l. 3 per cent. Victoria, £7B; fall of £l. 3'/j, per cent. South Australia, £93; unchanged. 3 per cent. South Australia, £7B; unchanged. 4 per cent. Queensland, £100; fall of £2 . 3 l / 2 per cent. Queensland, £93 10s; fall of 10s.

3 per tent. Queensland, £79: fall of £l. 4 per cent. New Zealand, £102; unchanged. 3% per cent. New Zealand, £9l; unchanged. 3 per cent. New Zealand, £B4; unchanged. 3'/ 2 'per cent. Tasmania, £9l; fall of £l. 3 per cent. Tasmania, £B3; fall of £l. 3% per cent. West Australia, £92; unchanged. 3 per cent. West Australia, £B3 10s; unchanged.

LONDON MARKETS. Loudon, December G. Copper.—Spot £75 2s 6d, three months, £7O 15s; electrolytic £SL 12s Gd. Tin.—Spot £220 15s, three months £225 10s.

Lead, £lB 2a Od. Iron, 07s 3d. Spelter, £2B 10s. Sugar.—German 9s 7d, first marks lis 9d. Bradford wool.—The market is ver'y firm and restricted, 04's 29'/>d, super 00's 28% d, common 00's 27%d.~5G's 23d, 50's 21i/od, 4G's 17>/ 4 <l, 40's lOd. Wheat.—Steady and firmer, owing to reports of damage done to crops in Southern Argentine. Australian JanuaryFebruary 36s 9d, March-April 30s 6d. Liverpool futures: December 87% cents. March 87% cents,, May 80 There is a fair sspply of Australian spot, for' which sellers want 40s. New Zealand spot is dull at 375.

Flour.—Slow; Australian patents 28s 3d ex store. Oats.—The market is flat, owing to excessive supplies; "A" Gartons spot nominally 26s fid to 275, sparrovrbils 25s 3d to 25s 9d, La Plata December 16s.

eßans There is a good demand; 39s Od ex store, 38s 6d on passage. ePas.—Dull; stocks are large. Butter.—The Morea's butter was landed in excellent condition. There is a good demand for all descriptions of choicest, and a poor demand for secondaries. Danish 128s to 131s, choicest Victorian 114s to 116s, New South Wales 112s to 114s, Queensland 110s to 112s, New Zealand 120s to 1235, Argentine 110s to 112s, Australian secondaries 106s to 108s.

Cheese.—Firm; New Zealand white 01s coloured 625.

Bacon.—The market is steady. Received 8, 5.5 p.m. London, December 7. Wheat is steady. Thirty-seven shillings is asked for an Australian JanuarvFebruary shipment/and 36s 6d has been paid for a parcel afloat. Kauri—The stock is 187 cases. Hemp.—There is a fair demand. Jan-uary-March shipments are quoted at £32 per ton.

Cotton.—December-January shipments, 6.64 d.

Copra is firm. South Sea batra £25 15s. °

Rubber, 4s 7d per'lb. Quicksilver, £l4B ss.

Tin plates, £ls 6s and £lO 6s. Galvanised fencing wire, £8 7s 6d per ton. *

THE WOOL SALES.

London, December 6. At the wool sales to-day there was good Continental competition. Finehaired merinos an dcrossbreds are unchanged. Received 9, 12.30 a.m. London, December 8. The wool sales closed with well-sus-tained competition, opening rates being fairly well maintained, except for average top-making and wasty greasy sorts, which showed a slight decline. Good scoureds remained at October rates, and faulty scoureds advanced ten per cent. Crossbreds and slipes were 5 to \ V/n pel' cent, higher.

THE REMMUBRA'S BUTTER. London, December G. The Remuera's butter is excellent. DAIRY PRODUCE REPORT. Messrs E. Griffiths and Co. are in receipt of the following market report from their London principals, Messrs Mills and Sparrow, dated October 25:

Butter—Trade has been very quiet this week. The mild weather which has picvailed over the United Kingdom and on the Continent just lately has had the effect of bringing on quite a flush of butter for the time of year I Danish: There is no change to report] in the quotation. Trade is steady, and the production is fairiy good. ! Siberian: The butters to hand this week have met with a very poor demand; in fact, it is only the best quality that I there has been any trade for at all, I seconds being entirely neglected.

French: Owing to the exceptionally favorable weather, the production is very good indeed, and import into Hi's country are increasing. In ord vto capture a little more trade, prices have been reduced Gd per dozen on Ihe first two qualities of rolls, and 4a per cwt. on I baskets.

Irish is in greater supply than has been the case for the past week or two. Whether or not the creameries have been keeping the butter bark in the hopes of higher prices, it is difficult to say, but there is certainly more butter arriving on this market.

Australian: There is hardly anything fresh to report, and Ave are afraid that interest will not be revived in this butter until the first week in November, when there are 12,000 boxes due per s.s. Mooltan. . AVe shall be very disappointed if the best butters do not meet with a good demand, and although at the time of writing the trade on all kinds of butter is exceedingly slow, we still think that considering the shortage in the shipments from Australia, things will workout satisfactorily for our colonial friends. New Zealand: Interest in forward buying seems to have slackened, and the few offers that are now about do not meet with any response from •buyers. As the factories decline to sell when buyjcrs were willing to operate, the latter now seem to have made up their minds to take their chance, on the market ;•< the goods arrive. > Argentine: There has been a small ar- [ rival this week, and although it is clearled, agents have to give, way somewhat in price.

Cheese.—The market continues very quiet, and, in fact, this remark seems to apply to all articles in the provision trade at the present time. Canadian is slow of sale, but prices are practically unchanged.

New Zealand: Some holders seem very anxious about the future of this market, and are already offering to arrive at 625.