COMMERCIAL.

Taranaki Daily News, Volume LVI, Issue 7, 9 June 1913, Page 7

COMMERCIAL.

BANK OF ENGLAND RETURNS.,

By Cable—Press Association—Copyright. London, June 8. The Bank of England returns for the week ending Wednesday last are as follow: Gold coin, £36,095,000. Reserve, x. il 1,000. Note circulation, £2tS,uii),ooo. Public deposits, £13,676,000. Other deposits, £38,743,000. Government securities, Other securities, £29,987,000. Proportion of reserve to liabilities, '52.27.

TMli MONEY MARKET. Bank rate, Ay % per cent. Short loans, 3 l f> per cent. Three mouths' bills, 3% per cent. Paris, 3% per cent. Berlin, 5% per cent.GOVERNMENT fsi s TIES. The following are the latest quotations for Government securities:— 2% .per cent. Consols, £73 10s; fall of £l. 4 per cent. New South Wales, £101; fall of eta. 3% per cent. New South Wales, £O7 10s; fall of 10s. 3 per cent. New South VVales, £B2; unchanged. 4 per cent. Victoria, £99; fall of 50s. 3y 2 per cent. Victoria, £93; fall of 40s. 3 per cent. Victoria, £77; fall of 40s. 3y a per cent. South Australia, £9l; unchanged. 3 per cent. South Australia, £75; unchanged. 4 per cent. Queensland, £99; fall of' 40s. . 3% per cent. Queensland, £93; fall of I 40s. 1 4 per cent. Queensland, £76; fall of 40s. 4 per cent. New Zealand, £101; unchanged. , 3% per cent. New Zealand, £88; fall of 20s. 3 per cent. New Zealand, £7B; unchanged. 3>/ 2 per cent. Tasmania, £88; fall of ,4d 3 . 3 per cent. Tasmania, £81; fall of 4i'k 3% per cent, West Australia, £88; unchanged. 3 per cent. West Australia, £B2; unchanged.- • • ' '"

LONDON MARKET-'.

London, June 6. Wheat.—Dull and easier. No Australian cargoes are on sale; Australian spot is in moderate supply at 39s 6d. Flour.—Dull; 26s ■Od is asked for patents, May shipment. Oats.—Neglected. Finest A Gartons, 2as to 25s ■Cd- La Plata, May-June, 15s 6d. Beans—Firmly held; f.a.q. 425. Peas.—Firm; New Zealand mapleß May 43s 6d.

Butter.—Dull, and nominally unchanged.

Cheese.—Steady; New Zealand 50s to 61s.

Copper.—Spot £65 17s fid, three months £65 3s 9d, electrolytie £7O 10b. Tin.—Spot £2OB 10s, three months £207 os.

Lead, £2O. Spelter, £22 17s fid. Iron, 58s Id. Sugar.—Gorman fls 4 n /|d, first marks 12.s iy„d. Bradford wool,-little business.

LOAN AXD MERCANTILE "COMPANy

On Monday. 2(ith' May. weMicld. ja cloarinjr sale on account, of Mr. WiUiaui J'oU's on tin- ]) ( '!il)i,!;li Ho,-.(I. "jiifJjiirsl. there was a fair a!.tendance, prices realised as follows: - ('ows showing colour ami not too late calviri:!''rc:tiis! d from Kills to 210s; cows' of Shorthorn sorts made from 10."js for low conditioned cows to 200s for-iiice looking dalijy stud; Jersey bull. (His; in calf hcifeis showing Jersey-llolstein cross, 100s to 12(ls. Wcnner pijrs, !>s tid: sows, empty, 32s (id; sow jilj.d. littpr, .liu,s. ■ • . Qn account of a -cli<vnt. we also o(Te ■- ed a few very nice in calf heifers, hi t thc-d-eimuid was not very keen, the heifers only realising; J'wrtii' 77s lid to 102s pa., , , ■ I On Wadne,psay,-litftli,dliiy.vwp held our usual monthly,..sale:-- j'n,. our To \Vei;i yards. There-was a fair yarding of 13.1t sheep and 50, cuttle. lliddinjj wa,s not y.pry keen, lint we disposal of most of the shoop if lev wards. \\ e quote as dro >- ped "s (id fo 8s 3d, dill lambs os Dd to ..(is 3dflnsctHAmli#, I fair ijualij v. Ss; >, 4 arid (i-too ; th ewes. jl2s „fid to' 13s; f.n. ewes 13s; in-calf helTers 77s (id to !)l s for well-grown cattle; store cows (iOs t i 72s Od. On Tuesday. 3rd June, wo held oi r usual fortnightly sale in our Stratforl yards, but owing to the uiildic holiday, the advertised stock did not come fo

1 ward, and we had only a small yarding, j Prices were as follows:—Store cows', 57s s to 69s 6d; 20-months in calf heifers, £3 '<• 10s.

We held our monthly wool, skin and hide sale on Tuesday, 3rd inst., and as this sale marked the opening of our new store, a large number of buyers from Auckland, Wellington, Wangunui, Patea and Waitara were present. Mr. A. Christensen, in a few well-chosen words, proposed the toast of the new venture, which was well honoured. The bidding was very spirited and high prices were obtained; in fact, a record for. Taranaki. Prices were as follows:

Wool.—Crossbred, lambs, B%d; dead, 6y 4 d-, pieces, 4%d. Sheepskins.—We catalogued a fair lot some of which were well cured, and heavy woolled, and for which there was very keen competition, nice lines making 10s 6d; good, fls 3d, (is Id, 5s 9d, 5s 7d, 5s sd, 5s Id, .is; medium woolled 4s (Id, 4s 3d, 4s 2d, 4s, 3s 9d; .short woolled, 3s 9d, 3s <Sd, 3s 4d, 3s 2d, 3s Id, 3s, 2s 9d, 2s Bd, 2s (Id; pelty sorts 2s 2d 2s Id; green skins 5s Id; lambs salted 2s 8d; pelts from Is 9d down to Is.

Tallow.—Rendered and good 2os per cwt.

Cowhides.—Good, 7%d per lb; medium, 7d per lb; yearling, 7y 8 d per lb. Calfskins, good,9d per lb. ' During* the week we have disposed of a fair amount of stock privately at rather better figures than previously quoted:—F.m. ewes 8s to lis; lambs, 8s 9d to 10s 3d; 2-tooth wethers, 13s (id to 13s 9d; weaners, mixed, 27s 6d to 35s for nice well-grown Shorthorn cattle. Shorthorn weah'er steers, 30s to 37s fld. In calf heifers showing Jersey-Holstein cross, 97s Gd to 112s 6d.

WEBSTER, DOBSON & CO.'S REPORT. At Strathmore on Monday we held our monthly sale. Owing to the exceptionally rough day,- only two pens of f.nj. ewes were yarded, these gelline at 8s 3d. < ' b

At Stratford on Tuesday, owing to the holiday, we met but a small yarding. Competition was, however, keen, neany every pen being sold at the hammer. We quote: Store cows £2 9a to £3 lis, fat and forward cows £3 14s to £5, mixed weaners £1 5s to £2, bulls £4 to £4 18s, dairy heifers £4 13s to £6 12s.

On Wednesday we held a clearing sale on account of Mr. Wm. Bayiy, disposing of the whole of his pedigree and grade Jersey stock. There was a very large attendance, Jersey breeders from all over Taranaki being present. We report a most successful sale, competition being keen from start to finish. We report purchasers as follows£ows: Ruth 11., Mr. R. J. Linn, 120gns; Bullfinch Rose, Mr. A. E. Watkin, 51gns; Enigma Jnr., Mr. J. Nicholson, 30gns; Belvedere Silver Dot, Mr. A. J. Brown, 28gns; Lady Wairere, Mr. A. J. Brown, 23gns; heifers, Wairere Gem, Mr. 0. Goodson, 38gns; Fair Ruth, Mr. E. J. Kirkwood, 35gns; Wairere Naomi, Mr. C. Goodson, 30gns; Wairere Moina, Mr. E. J. Kirkwood, IGgns; Wairere Silver Speck, Mr. E. Griffiths, 18gns. Grade cows from £5 10s to £6 16s, weaners £3 12s (id. Sundries sold at ruling rates. Private sales as follows:—Two and a half-year steers £4 12s 6d, 2-tooth wethers 13s 9d to 14s 3d, 2-tooth ewes 15s 6d, fat cows £6 10s to £6 15s, fat ewes 15s, calves £1 10s to £2, lambs 9s to 10s Gd.

DAIRY PRODUCE REPORT.

J Messrs E. Griffiths and Co. are in rei coipt. of the following market report (from their London principals, Messrs Mills and Sparrow, dated London, April 25: | Butter—During the jias't' week the 1 weather has changed, and we have exj !perienced beautiful spring-like conditions, which has made* ■ buyers . ihink about new-grass butters, Although, of course, these are in very small supply at the present moment. However, the production is gradually increasing, both in this country, Ireland and on the Con- 1 tinent, and the tendency is for prices, to ease down somewhat, as is usu&l at* this time* qfi.'thft'Tear. W.'i Australian: There is a fair trade pass-?, ing, but the demand is mostly for, the bet ter glades, ] which are' scarce. I The secondary qualities in both salted'and lunsalted are slow of .sale,, and tywer prices havc 0 ' t,j> be taken in order, to clear. '' . The s.s. Remuera's bHtteffsrJttfct an excellent demand, and this steamer is now well cleared. Prices have Seen fairly well maintained, it'nd: the' quality has given general satisfilcti'oiiV' i | The colonlwl arrivals'this I ''we'dk Australian, s.s. Pera, 9700 !b4Yc3; 3Tew Zealand, nil. F.j'TT '''l Danish: The quotatioOhTsTwHek Jntii been advanced; iond. krofiet - ; really an inclusion of'?.th'£nW4r-pricro which is obtainnd by sonfo''df r tTta' f daiHes which make a special qiitflttj^" 1 ""'" j, . Siberian: to about 10,000 casks, an3sMl¥l!fu2lity is' exeeptionaUjl&ood. Theßo>lflfr3i3wcver, is very pale, and the IMMl'TfcliJrefpiji only meets, ,*Sthil|it4)r iaZJCftS® quarters. P'UifT/CI has this week, although priceSllfE'Biliirlewl at are conjt plaints regarding ihe whole, we are of opinioi6sth2f'tHere is not much to grumble ftl>oitt''lT l offi , e'fche( se: ex the last few steamer.ißl'liKiTgKltai] ly turned out very much .Belftllff"4llan it did early in the season..ns to be rather much sent, but no doubt this its 'lf a little later on. .BSTfITZCT TALLOW AND WHMTP The New Zealand Loan-£iitt®!fetlintilp r , Agency Co.r-LM.—ltovtrTeceived'the f< I- 1 ' 1 lowing cablegram from their Lond( n'' 1 house und<£*4|tf § Vi Tallow—WS'quote'pres'ent spot Valursfj ,| for the following,' descriptions: —£Ut( d mutton 37s per 1; mixed 345. Tli'c market has an upwai d 5 tendency. ~ (f .Wlmit-MUlte fn "■yftk'SteffieWs quill lntt ■Htnndx!^HJ\^!^T>ft' il fft|!f\'W:rMe cr< p reports; i lautlp ill^A^riPftW s' 1 uncertain. • ov ' IO i ,